INTERNATIONAL: Dum Spiral, Spes Est

In Europe there was much postconference talk about the Experts' Plan, and very little efficacious action. Attempts were made, however, to get the legislation passed that is necessary to operation of the plan.

London. With Premier MacDonald absent in Scotland, the great metropolis was relatively quiet. Chancellor of the Exchequer Philip Snowden, "enemy of capitalism," provided a flutter of excitement by criticizing the agreement reached at the conclusion of the Premiers' Conference (TIME, June 30 et seq.). Said he:

"The essential feature of the Dawes scheme is that Germany should be left...

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