Evening Star Newspaper, May 5, 1921, Page 26

fog Veritable Flood of Gold Sweeps ' Upon Shores of United States NiIW YORK, —-A veritable flood of gold is ing upon the shores of the United States. Already the precious metal in the country has attained the unprecedented amount of $3,001,487,915, and yet the tide is rising. Financiers attribute this to the fact that the United States is the world's one “creditor nation,” and for the equally important reason that the other nations of the world find it nigh imp i with this The precious metal is coming from rters of the globe, but the t Britain and France, ndinavian nations, are ing heaviest toll Source of the Supply. Much of the gold rec lnglmd represents shipments from th Af to London. while the other consignments hark back to the days of the war, and in some instances to much longer mple. Sweden is sending | gold ved from Germany for war | t ‘ supy lso bur gold or bullion |Pivot of the world, countries with which many believe to be strongly fluctuating in origin. slorder to do a world trade. would come ional shipments of gold|have to lean heavily on American from ria, where they formed part | Short-term cred American_banks. of « Kolchak's war chest. in_granting the credits, could well uth America and Central America contri- alxo are making involunt; butions to this country’s t hold- ings of the vellow metal. nly be- cause unsettled economic conditions in Latin America virtually preclude any other form of .payment to this country. The local assay office. 2 new struc- ture, whose modern equipment in- cludes huge vaults five floors below the street level, now holds upward of $1.000,000.000, fully one-third of which has come from foreign countries. The machinery of the assay omr‘el here is working at high pressure in an effort to reduce and refine the for- eign bullion and coin. Reports that large quantities of the gold are being shipped to the Philadelphia mint lack official confirmation. Comment by Banker Roberts. Commentini on this inflow. which some bankers have viewed with ap- prehension. George Roberts. -a vice president ol the National C Bank and for years director of th Tnited States mint. is quoted as say- ng: “it is natural that the people of be sending us their ere, owes Europe should ®old. Everybod With soit mattress good grade of duck; pricediat oo ooninlat select from ney,” “North Pole,” “Pi omy.” Our guarantee is A SR | Economy Top lcer—Solid Gold- en Oak, with white enamel interior; char- coal sheathing insula- tion. Ice capacity, 35 pounds. Special, '$14.75 Another Couch Hammock cquipped with chains for hanging. Very specially Among the famous makes you can A1l \t('(l White I namel G “ behind them all. us money. Th ay, if they can, ng to the d interna- tional value of the British bank note. French and Bel fran the Ttalian lira and th rinkage to the vanishing point of marks and Austrian kronen, Mr. “So long am on the gold dollar exi will probably in greater or le imcredible, however, th continue at the present ra Unprecedented Accumulation. recognized Paul M. Warburg, a banking Mnhnrrl\ Tth wold flowing our ing resulted in an \mmmmhmnd cumulation of gold in our country ! and with the inc & strength of the federal reser stem, it would be plainly up to the United States not to hoard its vast banking strensth. but to make it available for other countries for the pur] S of once more starting the wheels commerce going. “America_having become the gold take upon their shoulders a burden amounting to a billion dollars or more and, to that extent, relieve urope. “This would be one of the many measures that the United St would have to take in order to bridge the gap now existing between the dollar and other currencies, but on a very comprehensive scale it could safely be undertaken only When political and economic peace would have been re-established in Europe.” POST OFFICE MAKES HIT. Substation in P. 0. Department Building Most Welcome. That business men of Washington are highly gratified at the action of the Post Office Department in install- g a_downtown post office in the Post Office Department building is evidenced by a statement by Charles J. Columbus, secretary of "the Mer- chants and Manufacturers’ Associa- tion. THE EVENING STAR, WASHINGTON, D. C. THURSDAY, MAY 5, 1921, MUTT AND JEFF—In Plain Words, Jeff Was Gonna Double Cross Mutt. MY ME, JEFE— S€€ us Box, GWEN HIS CONSENT! WAATS US TO MAKE (T A SNAPPY BouT — partment building is certai come news to he ‘l(‘r!“l“‘s and Manufacturers' Association,” said Sec- retary Columbus. “Both under the name of the Re- tail Merchants' ion and_the Merchants and X ciation the busine ington have for a branch post off Department building was a ncces- sary adjunct to public welfare. oth the public and busines: nded it, and it is certainly fying that cven at this la master Merritt O. Chance has brought about the re-establishment of postal | facilities on Pennsylvania avenue. “This is not only a business thor- oughfare. but a highway hallowed by patriotic memories throughout the llallnll “It is further gratifying as an evi- dence of the appreciation of the Post Office Department that Washington has grown so big as to warrant the installation of the xplendid postal fa- cilities that are being almost daily inaugurated.” SN B Joseph Bonaparte, who was forced on the throne of Spain by his am- bitious brother, Napoleon I, resided the Post Office “The re-establishment of a down- town post office in the Post Office De- Summer Home Fittings L Furniture for the Porch, Lawn or to make the interior of the home more inviting. And Liberal Deferred Payments if Thls Englander Couch Hammock is just what you’ll need soon for Lawn or Porch Good mattress. windshield _and magazine pockets, of excellent duck; complete with hanging frame and awning. Spe- cial, $49.50 and windshield; of with st stretche $12.25 Select Your Refrigerator From Our Vast Display, the Greatest We have Every Presented can arrange to a little a week anyway and see m” and ‘ Pllgnm Grand Three - compartment | style—heavy Golden Oak; airtight construction; cast i g { ! white enamel lined; | plalul trim- ! brass, 1 mings | pounds. $27.75 1 | i Canvas Lav(m Chair Hardwood frame, natural finish, Come in and make your sclection. | finished throughout: ice : capacity, 50 in the United es near Borden- town, N. J., for sixteen years. W N | 22 7 2 722 N 2 You buy on our Club Plan— —if you wish. Come in this wonderful display. North Pole } . i | 1!|;| Golden Oak with Porce- lain interior and finely pounds. specially oriced at $52.50 Ve and Service RG r URNITURE co. NINTH STREET Dignified Deferred N\ Payments N WE'RE IN LUCK: The PRESIDENT OF FRANCE WANTS TO AND ‘CARP' HAS ‘CAR®" I BUT You AND I ARE FRIENDS AND WE CAN ‘'PULL OUR PUNCHES AND TAP EACH OTHER VERY GENTLY. NoO USE MURDERING EAcH OTHER JUST To PLEASE THe PRESIDENT: SLIP ON YOUR GLOVES- THEY'RE WATING EOR US- Starting a new season wilh | Society Brand Jlothes PORTS models and fan- cies are all the rage just now, and we’ve had hard work keeping them in - stock. But we have them now—in volume and variety—in fact, the stock looks like the start of a new season. Sports models in magnificent array; handsome herringbones and ]m!ulc\quc plaid charming LI]CL]\\ and stunning stripes—in styles that fit into May like a fashion pldtc. Plenty of blue serges, too, for, no matter to what hts fancy soars, there are ll\\d\\ plenty of matter- fli (Copyright. 1921, by H. C. Fisher. Trade mark registered U. §. Fat. Off) pionship Shop. We are specialists in MEN'S TROUSERS Downtown ticket office, American lLeague Cham- Games Sport —By BUD FISHER of-fact men who remain true to blue serge. Prices, $35 to $75 With particularly strong assortments at $40 & $45. o) %/ ou can’t get more out of shoes than the maker puts into them, and no maker puts more skill or better leather into his shoes than HANAN. HANAN shoes naturally cost more, but they are not out of reach— the highest priced HANAN in stock is $15. Among the new summer HANANS, the “ARCADE” oxford pictured is a prime favorite. If you would know absolute foot comfort and shoe satisfaction step into this model. Seventh at F, Cheshire calf; fitted with wingfoot rubber heels. A SEPARATE shop here for men’s trousers features desired dress wear. we have complete lines of Society Brand Trousers —in the finest trouserings loomed and tailored Any number of styles Judge the stock by the fact that to Society Brand standards. other I every one, Sale GOLF balls repaints, 35¢—3 for $1 Not the usual repaints; these are carefully selected. Men’s golf suits With the “Pivot” for desired makes, insuring trousers for sleeve that means freedom. developed in fine tweeds and homespuns. Golf shoes—Hanan and others. Air peds—usc them instead of spikes to save the greens. Golf hose—irom abroad. It Comes Saturday! Men’s $3.50 to $5 - Shirts, $1.89 v All first quality; silk and linen mixtures; imported madras; fiber silks, etc., etc. Negligee and sports styles. Thousands of shirts—choice, $1.89. Ready Saturday. Harry Vardon clubs, irons and woods—sclected and tested, $5.25. Also The Hecht Co in .25. street and Suits are Prices $37.50 to $05. non-rustable metal at Seventh at F. o ST ) O B e f0a