Evening Star Newspaper, December 15, 1921, Page 4

THE EVENING STAR, WASHINGTON, D. C. THURSDAY, DECEMBER 15, 192T. ~ IMONETARY SYSTEM ==1e| | 3.0R1 CRITCSED For Christmas The New Edison Diamond DiscWy Phonograph Edison’s Masterpiece Plays all Makes of Disc Records Prices, $95 to $500 = SOLD ON EASY TERMS TO SUIT ALL Complete Stock of Edison Re-Creations Classical, Popular and Latest Dance Numbers Efficient Record Service THE GIBSON CO. Inc. 917-919 G St. N. W. Open Evenings Until Christmas Senator Ladd Explains His Bill for Federal Loan Bureau. SENATOR E. F. LADD. The present flnancial and oredit system of the United States was criti- cised by speakers at the monetary oonference, which opened today at the Continental Hotel. Senator Ladd of North Dakots, in stating his reasons for introducing his bill to establish a federal loan bu- reau, sald that the bill proposes that the federal government shall re- sume the function of issuing money and distributing credit to the extent uf giving all the people, on equal 'ms, access to the productive fa- cmues that all have created. ing the lut several years have been estimated to be as hl'h ll fltty-uven bllllons of dollars,’ to ! le end o( 1920 mora thfl.n llltneg ars hnd been plowed back into tha lndul Before the war 2 per cent of the pop- ulation of the United States owned 60 per cen! ot Ita wautn and- the real fact that the centrntlon ol weallh hns placed the nt of produc- llnn lnd dlltrlbu(lnn ln the hands of eat corporations, and hnve m-nugad badly, so that we have loat elghly eight billions of dollars u h the non-functioning of cap- al, They have controlled our produc- tive resources so that our war burden has been doubled At present values it would require eighteen years to accumulate enough in this country pay public debts and farm mortgag: it ‘would require nearly thirty ve: to pay off the whole existing capital- ized charge upon production. We cannot say that the present condition is due to a shortage of monetary gold, for it is clamied that during the past two years not less than two bllllon! of dollars have been added to the mone- tary gold of the world.” Would Give Varied Afd. He said the bill he has introduced will enable farmers to borrow money on eligible warehouse receipts, pro- vide for lending on city real estate to 50 per cent and on farms to 60 per cent of their value, and 40 per cent on improvements; also for loans to renters, under proper rexul;llonn and guarantee, to 75 cent of their Value. Mo sald the bil} will replace { £ the present debt’manufacturing sys- tem controlled by “plutocrats with al 5 debt-; -paying system of honest and real money. Robre!entatlve James H. Sinclair of North Dakota asserted “the federal | & reserve system is controlled absolute- ly by bankers for the benefit of bank- ers and at the expense of both the government and the people.” He sald the government cannot {s- sue a dollar r on a debt already created by a bor-| @l “Quality” the Real Testof Value cllsu legislation of the molt viclou! ) rower. “The federal reserve note thus is- sued on a debtor's note to the banker is redeemable in gold at the United States Treasury, if the banker deems it to his interest to call for the gold,” he added. ‘No more complete sur- render of a sovereign constitutional function belonging to th ever recorded In all history. Tha medium of exchange for the use of all the people, with which their business and commerce is conducted, hls been turned over to a private cla to be controlled and operated tor nelfish profit Have Bankers’ Curreney. rices, American agricultire.” More than half country were represented when the tries from which they were derived. | {obference ‘was selllonl ‘will continue through tomor- "Dr. 1. Soyeds 18 to deliver an ad. ©On- |dress on ‘The Bankin Japan,” at the session this afternoon. Others who will speak. noon are Charles Edward Russell of o7 | this city, “The Laad Bill and the Con- sumer,” and C, C. Daniels, a brother of former Secrétary of the'Nav: vy Dan- lels of New York city, “The Federal Reserve Bank.” Daniels ot Vir, Bank of St. Louls; W. J. Royland, economist of Utah; Wa!lern Elarr economiss of Washington, and Fra; cis Carey, attorney and lecturer of New York city. In advisable not to bake any bread be- £woen Christmas and the fostival of the circumcision, unless you desired to brln‘ misfortune on your entire A Watch Makes a Beautiful And Sensible Gift Its constant use makes it a lasting remembrance We carry a carefully se- lected line of Hamilton, Waltham, Howard, Elgin and Illinois Watches. TRIBBY’S Charles E. Tribby, Jr. 615 15th St—NEXT TO KEITH’S Twelve Years on 15th Street—Open Evenings Until 9 Half of Stites Represented. . | N of the states of the |y System of this after- Will Talk on Taxation. At the session tonight T. Cu!hlnx rginia will Debts and Tlxlllon e Bies Barth, cashler of the Grant National —_— olden France it was mnlldared w&wwfi%m% : Three Cars of .Very Fine Corn- fed Pigs Now Being Cut, and Will ARRl Be Put on Sale at All Our g Stores at the Following Prices— g *“We have today not a national cur- | £ rency in circulation, but a bankers’ | Wonder Suits|| in our own MADE factory and SOLD ..3iimens DIRECT from maker to wearer—sav- ng you many dollars—even at regular prices. and 5-drawer Drophead That \ VAL Seving $36.00 Actual L TR IR, R 360" $30.00 ; And g Drophead Singers, $50.00 Drophead Model Demonstrator and Slightly Used Cannot be distinguished from new $35.00 Garments Used Singer nger Machines All Drophead At $36, $40 and $45 Excellent Condition A T 225|Pork Chops == h - 275} T SRR Fresh Picnics . 175 PorkLoins . "E25%) otal loss of eighty. Mr. Sinelair nrnd favorable action 2 w”,_mmw ,,';mm“ Fresh Pig Feet, 3 for 124c/All-Pork Sausage . 20§ direct result of the deflation of flr nl one Nmed for *“the fle g try and Duatness of .nm couxg!;;( sald. “A )P‘x\rs -deflallon of farmers’ Not Jm Beef’ But the very Be:t of Buf’ ai Rock Bottom Pnce:. l Thit s the Path to 1922 Happins ' Round Roast....30%Round Steak . .30% ¢ & SEWIIEIZ I;‘;Ik CHINE Bouillon Roast . 25% Sirloin Steak . . 325 , .l At Our 10-day Sale Event of the Year Chlle Roast 16 ib Hamburger Stea'k 12? ® | Three-Corner Roast 25 [Plate Beef . . 1272 e — 2 SMOKED "™ MEATS 1 A SMOKE HOUSE ;; | SMOKED HAMS, wwe= 205 8 235§ . Wafer-Sliced Bacon . 33 Sugar LoafBacon . 20 | SOUTHERN STYLE BACON 15%. ¢ o GOLDEN FALMINE |1 Fancy Fresh Fish || “Vaw Very Fine BLUE FISH STEAKS. ... 205,.|| oreomarcarine 240 PANTROUT. .. ...... 205, Ib. Freshly Shucked Oysters 45% e e 8 <z 4 GOLD MEDAL FLOUR, 12-1b.bag, 60c MM | PLUM PUDDING.. ... . . . 12c, 31c, 59 NONE-SUCH MINCE MEAT, Pig . - 17c £ * EAGLE ASPARAGUS, Large Can. . 25c Del Monte ASPARAGUS TIPS, Can. . 25c | c One feoct Cake. 49+ ‘Creamcrust’ Bread 6c = (£ 01d Homestead MINCE MEAT, Lb. 25c Fancy Sliced PINEAPPLE, Large Can.29¢ x PEANUT BUTTER, Lb. . . . 122 5&“&5‘3‘#‘&'&&1&"&‘“&1 "~ 16| Loganbecry uice, for Punch, 6 Bot 31¢ Service For Nearly Half a Century Our Firm Name Has Been Recognized as a .Guaranty for Sympathetic Service of the High- est Character 10.R.8peare Qo 'UNDERTAKERS 1208 H Street N:W. (Formerly 940 F St. N.W.) quimna Mun 108 wn\hl. ln-n PECANS, Fancy Polished, Ib. 29¢ WALNUTS, Good Stock, Ib. 35¢ ALMONDS; Soft Shell 3 1> $1.00 Every conceivable style and fabric that is good, skillfully tailored to fit and wear and hold shape. Truly Wonder Clothes. WONDER CLOTHES SHOPS 621 T e N.W. Corner Pennsylvania Washington 14th & New York Avenue Open Saturday Evenings _ Avenue .. Untl 10P. M., BRAZILS, Extra Large, lb' 20c WALNUTS, Extra Fancy, Ib. 39¢ CHEVY CHACE'DELIGHTS | et P8¢ 2 50c preenc = 19¢ 5= 32c¢| | Alsus B, Spe Clyd= J. Nichols