THE LEAGUE OF NATIONS: Silver Lining

Amid the disheartening League developments of last week two factors of cheer were much touted by Council members in statements to the press:

1) The Council voted to accept a recommendation by one of its fiscal subcommittees that the three-year administration of Austrian state finance by Dr. Alfred Zimmermann, as League of Nations General Commissioner for Austria, be terminated on June 30, 1926.

Dr. Zimmermann, perhaps the most celebrated of Dutch fiscal experts, was present at Geneva last week, was warmly congratulated upon his achievements in stabilizing the schilling,...

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