In a speech in Idaho Falls, Pres. Harding throws out a thought about consumers uniting in some sort of cooperative movement under federal supervision. “I have not attempted to work out even an outline, much less the details, of such a system,” he admits.
Pope Pius proposes that German reparations be determined by arbitrators and the occupation of the Ruhr quickly ended, warning of a path to the “final ruin of Europe.” France is not impressed.
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