Foreign News: Pact of Peace

Though the German Cabinet crisis continued last week, with the resigned Marx Cabinet still functioning ad interim (TIME, Dec. 27), an important Italo-German treaty of arbitration was signed in Rome by Signor Mussolini and the German Ambassador, Baron von Neurath.

Foreign Minister Dr. Gustav Stresemann did not journey to Rome to sign the treaty, lest an impression be created in France that it is a really important rapprochement. Instead Dr. Stresemann, than whom no stateman in Europe is more astute, remained at Berlin and encouraged his party news organs to pronounce the treaty "purely an arbitration pact, and exactly like those already...

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