"Because of my ill health, and in view of changed circumstances, it has been necessary for the present Government to resign." With this brief announcement Count Stephen Bethlen de Bethlen, Prime Minister of Hungary, gave up the power he has wielded for ten years and prepared to sun his spare ribs on the shores of Margaret Island, play tennis and polo and otherwise enjoy himself. Admiral Nicholas Horthy, Regent of Hungary, accepted the resignation and immediately called grey-chinned Count Julius Karolyi to form another Cabinet. The air darkened with rumors.
All editors agreed last week that Hungary's financial plight,...
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