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OUR Oftfices in Christ'ansted and Frederiksted will be closed on Friday the tenth inst. THE NATIONAL BANK OF THE DANISH WEST INDIES. 7th August 1923. LOCAL We have been asked to mention that a Memoria: Service for the late President Harding will be held in Fredeosfeld Mor vian Church (Midland) at 10 o’clock on Friday morning. A similar service will 2lso be held by Revd. Hos in the Lutheran Church of this town at the same hour. The postmaster, Christiansted, ad- vises that aceordicg to notiilcation re- ceived by radio from the Department, all poit offices will be closed for one hour on Friday Auvgust 10th when the final obsequies witl be held at Marion, Ohio, in mumory of the late President. The post oftice here, will therefore, be closed at 4 p. m. on that day. Dogs are again at large on the streets in these days at variance with the pro- visiors of paragraph 37, chapter 6 of the Police Regulations. This condition lis ; very annoying one (o those confronted ¥y IL, The Geriman Mark. W. 1. & P. Telegraph Co. New York. Aug 6th.—German marks depreciated forty percent over the week- end, being quoted in the local market to- day at b 3 cents a million or 1,876,792 to the Unitad States dollar, as compared with 89 cents a million on Saturday. First Official Act of President Coclidge Washington, Aug. sth.—The first offi- cial act of President Coolidge as the new executive of the nation was his signature of a proclamation announcing the death of President Harding and calling upon the country to observe next Friday Aug- ust 10th as the day of mourning and prayer. On that day Mr.Hardiug’s body is to be buried at Marion, Chio. TELEGRAMS. SI. CROIX STATION. Washington, Aug. 4th.—Pressure for the calling of an extra session of Con- 2T F 81y A IE oress is to be brought to bear on Presi- dont Coolidge, It will come largely from two sources, those seeking legislation designated to relieve the farmers and, those who see the threatened strike in the Anthracite coal fields the possibility of another fuel famine in New York and New England durirg the coming winter. What the decision of th2 new Chief Exe- cutive will be remains for the future Recently, however, he was quoted as saying he saw no necessity for an extra session, this view being in line with that of President Harding, who oft had voiced his determination fthat there should be no extra gession uniess some unforseen 2mergency mmade one neces: sary. London, Aug. 4th—There was a heavy gale in the north of Englzmd and a fish- ing boat is reported lost. Seven holidav makers wnose homes are at Morecambe are missing. A Manx steamer has lad a stormy pass:ga 1o Fleetwood, the wind reaching a velocity of 70 miles an heur durine the voyace. Crowds of anxious friends of passengers aboard the steam- er throrged the landinz stage when the boat arrived after widnight, five hours jate, Southsea, Aug. 2nd.—The Bri ish team of six metr2 yachts gained a sweeping victorg over the United Statesteam Lo- day, all four of the British crossing the finish line ahtad of the American boats. The British gained 26 points to 10 for the American team. Paris, Aug. 2nd, —As soon as delinite news was received from London today of Mr. Baldwin’s intention to make pub- liec the Britis™ reparations documents, it was dec ded to give ovut a sumnary of the French reply. M. Poincare con- cilors that this reply leaves the door wi 1o open for continuation of the negotia- tins. & St. Johns, N. F.,, Aug. 2nd.—The Fin- ance Minister in presenting the budget in the assembly yesterday said that it- showed a deficit of "$680,0u0 for tic iis cal year ended in Juue last, but that he estimated there would be a surbits of $44,000 forth: present fizcal year. He announsed some minor tarilf changes, including a reciprocal agreemeit with Jamaica. The Government, he said, pro- posed to raise a loan of 23.000,000 for railway equipment, required as a result of its taking over the Newfoundland rail- way and iis interest in the new paper making enterprises on tie West coast. Budapest, Aug. 3rd.—The Government has declared martial law throughout Hungary, as a result of the strike of the railway engineers. The cabinet refuced the men’s demands for higher wages which were doubled so late as Wednes- day. The Engineers Union has been or- dered to dissolve and the strike leaders have been arrested. London, Aug. 3rd.—The real meaning of the official statement and of Mr. Eald- win’: speech in yesterday’s debate is that Great Britain puts her cards upou the world table face up an‘l that sheap- pears to the court of the w0r1..” ‘o inion, particulafly to the dominions and the United States, for approval of her atti- tude in the Ruhr situation and notifies France that persisience in her present policy must be intarpreted as indicating political and military ratker than eco. on- ic causes, and must mean the dissou ion of the Entente. The Government obvi- ously has the support of the majority of the opinion in the House. Mr. Raisay MaeDorald, leader of the Opp sition, while demanding further information and expressing his doubt as to the wisdom of the courses which have led to the present crisis, has promised the sapport of his party. Mr. Chamberlain eriticized the methods adopted, but went further than others in his doubt of th2 value of the Entente under present conditions. Mr. Asquith and Mr, Lloyl teorge, while urging the Gov>rnment o c2clare its pol- icy definitely, if Franc 2 is recalei rant and Germany either col apres or su ren- ders, were carcful to e¢void giving any impression of hosulity to the govern ment. The only fltly di szaling .oice was that of Colonzl Gretton, represen- ting the die-hards. The whole couatry reengnizes the fact that ihe gravity of the situation is such tihat it will probably compel Pariiament to resune sittinus before long. DBritish busijoss interests and British lahour agree 1a the belief thata continuation by Franc: ot her policy in the Ruhr spells economic and possibly political disaster to Europe. Labour is even ®&illingthat funds gshould be lent to Germany through the League and that reparations should be practi- cally forgone. There is fear in inner circles that Germany is in imminent damwger of a collaps2 inte separate Stutes, Bavaria becoming a monarchy, while Saxony would be Red and Prussia be plunged into civil war between Reds ar d White, with France holdiag the Ruhr ~ and Rbineland as in Napol2onic days and ~ Poland would seize the southeastern | gection. This would mean loss of all hope of reparations and IKuropean chaos for generations » come. Itis against such possibilites that the Governmert is endeavouring to maintain the existing balance of power, with Germany as an economic factor to be able some day to pay her debts and coniribute to the stability of the world, Great Britaiu still hopes that this will be possible witiout losing the friendship with France, but the present Governmeni will not he a party to the breaking of Europe and the unsetrlemen® of the whoie worl 1. Paris, Aug. 3rd. -The impression in official cireles from a hasty reading of the declaration of the British Premier, as contained in despatches to the press, is that Mr. Baldwin’s attitude leaves plenty of room for a continuation of the negotia‘ions regarding a settlement of the reparations question and an answer