Evening Star Newspaper, July 16, 1922, Page 6

o t POLCY OF FRANCE “RUNNANG EUREPE Re-Establishment of World Trade Urgent, Declares A. G. Gardiner. NEEDS U. S. AND BRITAIN Collapse of German Money Seen as ‘Warning by Liberal Editor. BY A. G. GARDINER, ' Greatest Liberal Editer. Snecial Cuble Dispatch to The Star. LONDON, July 15.—The late lapss of the Germ: mark hi ated widespread alarm in English financial , trading and polltieal cir- It is well recognised that the Is the barometer of European The ruble mav be waste . the Kkronen waste paper, vet rops can recover. With the mark the vertebra of the Eu- cial system s broken. ar. hanke has fallen 1o | the sovereign and the mo-| helm France leads e to death. The renewed downward movement of the mark is the direct result of the failure of the bankers' conference in Paris. This conference was a ldst desperate expedient to keep European systems In b Poincare’'s speech torpedoed i ble. because a loan was the only means whereby Germany, could pay reparations. Does Francd want the bankruptey of Germany more than her reparations? That is a plamn question. The mutually destructive aima cannot be reconciled. She can have one or the other, but she cannot have both. Tt appears that the bank- ruptcy of Germany is her first and dominant motive. France calls heaven and earth to tness that Germany does not pay. But the French policy aims to defeat evel edient that would enable her to pa So Europe rushes toward a Niagar: World Trade Paralyzed. World trade now Is paralyzed. with vulnerable. lives on world trade. Half of her food Is wn abroad. World trade now is shed 50 per cent over 18f4. That spells ruin for England. The recovery of Germany is nece the recovery of everybody. ruin cannot be localized. not healthy neighbors. The present insanity spells ruin for France as well as the rest. Sha is the most self-contained nation of Eu- rope, but she cannot live alone. Her private wealth is great, but her budget dcficit is enormous. Instead of taxation she balances the budget by loans subscribed on the assump- tlon of enormous reparations from H But the policy of securing arations becomes more and more mote and visionary. Meanwhile the debt Increases. More debt is created 10 pay interest. Where will this in- sanity end? When the French peas- ant finds himself with his safe empty will he continue to lend money to pi interest on borrowings? He will dis- cover that the economic and financial ruin of Germany could not end with the economic and financial ruin of England. rpses are He is beginning to make overy. France i3 showing ‘mptoms unmder the influence collapse of the mark. The present level of the frano is artificial. Maintained on a fiction, when that fiction no longer is tenable the franc will follow the mark to perdition and the present French policy will have achieved a complete triumph. No OChasge ia France. Unfortunately there is no prospect of a change In France while the pres- »0t chamber continues. I am assured tnat in the provinces public opinion is more_ sensible, but the chamber and the French press are unteachable, and a new chamber will not be elected for eighteen months. The present chamber will not listen to re: and any statesman who oftered i ich & policy would fall. The elimination of Poincare, therefore, would be no ugly sy of ‘the remedy. He represents the mind of a chamber that would destroy any premier who dared tell France the truth. In the ei Italy and Ameri; more and more pendent line. The root of the catastrophe lies in 5 umstances England, will be compelled 0 pursue an Iinde- America leaving Europe to stew in own juice. Had America d B land joined hands to impo: in Europe French policy would have been ovarrlddn}‘ History never will meri f | committes two month worse yet I8 to be averted erica and England must act. It js impossible to forego the French debt while the disruptive poll American and English t: are groaning under t! Is it reasonable that the present as tl interest on the interest on her unpaid? This uestion cannot continue suppressed. %hern would be an alternative in the matter were France to adopt a policy that would enable KEurope to live. ‘We have made no claim, but it would pay England to present s demand on France to pay six hundred million pounds sterling, to be permitted to set her factories at work again. | (Copyright, 1922.) MOYALTY TO GREET VETERANS FROM U5 Program of Pilgrimsge to Battle- flelds Annoumced by ( Legion. By the Associated Press. 3 NEW YORK, July 15.—Kings and queens of two European countries and the president of anothe ith his wife, will officially welco: group of American f m who leave August § nual pilgrimage to oversehs battle- ds, the American Legion announced today. The party, which will go to Paris after landing at will be received by President and Mme. Millerand at the executive masasion, and a state ', presided over by Premier indhse, with Marshals Foch, Joffre and Petain in attendance, will follow. . it From Paris the leglonaires ‘where King Albe: Jump to nd Queen beth will receive and the 1 National Grand r Company will give a special 'ormance in their honor. »|PLEA SEEN Accuses Turks of Sla: Three U. S. s J. HERBERT KNAPP Of Los Angeles to natural causes. DECLARES EUROPE NEEDS SANG FROD Tardieu Says Moratorium Is Secondary if Germany Wants to Pay. INEVITABLE Disorder of Berlin Finances and Waste of Time Factors in Crisis. BY ANDRE TARDIEU, Former Fremch High Commissioner to the United States. (Copyright, 1922.) Special Cable Dispatch to The Star. PARIS, July 15.—What we need to day in Europe s sang froid. My readers doubtless are not sur prised by Germany's new demand for a4 moratorium. 1 myself predicted this. This time, however, it is not a moratorium that is demanded for a single payment, but for all payments due until the end of 1924, den coliapse of the value of the mark | | | The sud- |l is given as the reason for this new |l demand. The decline of the mark has been fnevitable since Germany's weak ernment, with its demagogic poiicy began stopping the holes in its bud get with free issues of paper, and it was equally certain that Germany would say some day that “we can't pay either gold or foreign securities.” That day has come. The moratorium is of secondary im- portance, even for big creditors like France, If there exists on the side of Germany a sincere will to pay and on the side of the allies a determina- tion to make Geermany pay. These sentiments ought to have been mani- fested earlier, but it is never too late to mend. Moratorium Imevitable. t rendered the moratorium in le was the indescribable disor. There. evital der of Germany's flnances. fore we should have been busying ourselves with this matter during the last two years, but since we did not, then that is what we now must do. But that is the one thing the English press does not suggest. Instead it proposes a_ pell-mell assemblage of the allied finance ministers, a meet- ing of the supreme council, an inter- national loan or a further reduction of_Germany's debt. ‘While we admit Germany must have more time, it is our duty to see tha es the time to put her- osition to pay. In short, it me old problem. Some means must be found whereby Germany will pay an annuity which will guarantee the credits discussed by the bankers’ ‘ago. If this is achieved France prepared. to ake sacrifices, but she won't so long there is no suggesticn of offering . | some assurance of ultimate payment. Britain Blaming France. That is simple emough, but Lioyd George and his journalistic support- ers are blaming France for not ac- cepting the vague sotutions which he so glibly offers. France holds back because these proposed solutions are vague and because she has no reason to curtall her rights while there is no compensating advantage to be had. ess man will agree. Poincare’s great mistake is that during the last six month# he has done nothing but formulate criticisms and reservations. Thus he let slip the opportunity to ask Britain to aid him effectively during the mora. torfum. I fear this opportunity lost for the moment, but if France knows its own mind and has a con- structive policy of its own it will come again. The summer begins full of threats and grave responsibilities. Who will boldly face the first and manfully ac- cept the second? BumsteadsWormSyrup e B = IT NI cont of m'.'; i e by » bottle. ~ Xat. C. A. Voorhess, M. D,, Shilndelphle i 1§E 3% it i }igaeé!'ll '3§§fl§llfl o o { ] e sENsuRNSESw SN EUAEE NS NSNS PR ANANEEAENRARARSE | A Midsummer Sale The Shopping- Crnter—11th and G Sts. - Est. 1877—A. Liener, President Two Hundred Thousand Dollars’ Worth of Smart, New ‘Merchandise—Bought Adva " Slight Margin Over Its Cost to Us. Quick Sales and Small Profits Have Always Been Incomparable Style, Quality and Value In Our Midsummer Sale of Washable Dresses Of Linen, Voile and Swisses Three Splendid Groups Group No. 1 $9.75 250 Dresses—Of Dotted Swiss, French Voile, 7 Normandie Voile, Linen and Eponge . Dainty hand-drawnwork, lace, embroidery, tuckings, inser- tions, beadings and effective motifs on pockets and girdles, with girdle and pocket of self material, others with organdie. At- tractive collars, cuffs and vestees add to the individuality of the garment. Deep hems. Round necks, square neck and the effec- tive turn-back collar. New bright and wanted shades. Sizes for women and misses, 16 to 44. At $9.75. 4 * Group No. 2 $12.00 Dresses of Organdie, Linen, Normandy, Voile, French Voile, Pongee, Dotted Swiss, Tub Silk and Tissue Gingham Lace, embroidery, fluting, handdrawn, etc. Becoming necklines, newest -patterns in sleeves, consisting of the wide, roomy 34 sleeves. The dainty puff effect; the straight tailored sleeves and the mostly called for turn-back cuff. Straightline effects for women and the * more bouffant model for the miss. Colors: Navy, white, black, copen, brown, rose, orchid, jade, pink, § maize tan and coral. Sizes 16-to 44. Group No. 3 $15.00 100 Dresses of Dotted Swiss, Organdie and French Voile Handdrawn. knife pleated panels, tucks; handdrawn collar, cuffs and vestees, neatly finished around edge with real filet lace ‘of rose pattern, wide cuffs with drawnwork of self material. Girdles plain and handdrawn and wide and narrow, finished with uneven ends. Large patch pockets, fancy and plain; 34, elbow and short sleeves. Attractive colors. Sizes 16 to 44 for misses and women, Palais Royal-=Third Floor. Silk. Gloves—Reduced Prices WONDERFUL VALUES $2 and $2.50 quality 16-button Milanese Silk Gloves, $1.37 Pair. Best quality, in good colors—tan, castor, mode, beaver, mastic, navy, black—and a full line of sizes in white. At $1.37 pair. . $1.50 Silk Gloves, $1.00 Pair Full elbow length, in tan, mode and white. Small lot of broken sizes. perfect. At $1.00 pair. General-Wear Gloves, 59c Pr. ‘Will stand numberless washings and look well. White suede-finish material, in these three styles: Strap- wrist Gauntlets, 8-button-length Gloves, 12- button length with strap. At 59c pair. All New Sflk Lace Mitts, $1.50 Pr. Several very attractive patteras, in such desirable colora as beige, silver, mist, maple, almond, cham, e, black and white. At pair, Palais Royale—Main Floer en’s Sexton Athletic uits at 95¢ Our midsummer sale of 1,200 suits will commence Monday morn- ing at 9:15 A.M. Four convincifig reasons why Sexton Suits are the J best for you: Reason No. 1—Sexton Suits have & wide facing at the neck. This gives shape to the garment and makes the suit both dirable and comfortable. — Reason No. 2—The Armholes are taped. not hemmed.makAbo h':u bias insert under armholes, ing the upper part of the garment fit like a glove. . Reason NmThe Sexun’:‘ Pointed Web Belt gives ibility to the entire the arms are raived. Balloon Seat gives room and fit to the lower part of the body. Yufiv‘mflr sit on the buston. | I are Really Amazing, Offering Last-Minute Hot-Weather Needs at Far Less Than Norma Silk Feature Extraordimary for Monday and Tuesday 7,500 Yards Plain ' and Fancy Silks —that sell regularly at $1.98, §2.29, $2.49 and $2.98 Special at, yd. $1.75 The assortment comprises Printed Crepe de Chine in a variety of styles, both light and dark colors. Plain Silk Radium of superior quality. 15 shades to choose from. Cheney Bros.’ Shower-proof Foulards. This season’s styles. Plain Crepe de Chine, a dependable quality. 40 shades to choose from. % 40-inch Pure Silk Satin Charmeuse. Splendid range of colors. Tricolette, in navy and white. [ Sitk-and-wool Canton Crepe, in 20 desirable colors. ] Sea-Lake Bathing Suit Satin, black, white, navy, emerald and cardinal. Our Offering of Sport Silks —at special prices is prqving a great success. The values are as follows: at$l.98 White Sports Silks $1 .33 \ a(53.49 White Sports Silks $2.44 $249 and $2.75 Sports SHks, in white and colors, at $ l '95 | a‘34.4') to $5.49 Sperts Silks $3 .49 Splendid assortment in both white, white and black, and colors to select from. Will You Buy Woolen Dress Fabrics Now? 54-inch Jersey Melangc. 54-inch Plain All-wool Jersey. We think so when you read of this extraordinary offering — tomorrow 3 | 10 and 12 ounce goods that are actually worth ; $ l 2 $2.49 and $2.69, at the phenomenally low price ‘ PY of, yard— All fresh goods, just-from the mills. of and we feel sure you will. In addition there will be a 1t’s a special purchase which' we took advantage 54 inch fine quality Imperial | Serge, in navy blue, also at $1.59 yard. These fabrics are popular right now. Jerseys are worn of Skirts, Capes, and extensively used for bathing suits—and the Serge is, of course, always in demand. Suppose, on the other hand. you are not in immediate need of these fabrics, it will pay you to buy and set aside, for look this important offering. At $1.59 yard. Autumn is almost here. Don’t over- Palain Royal. A Wonde Underpriced | Purchase of Bath Towels & Bath Mats at a Marvelous Reduction The greatest -values in many moons. accumulations. These goods did not pass his inspectors as perfect—a careful scrutiny may reveal a thread pulled or a small oil spot—nothing serious enough to be conspicuous or affect the weary Delightful JyesiiiaJpTlterw"ite : also pretty color_b]endings. Note the savings. 5 Dere are a few of the sizes \and prices in Towels Siue 19x35 19x39 19x36 24%45 22x42 26x48 24x48 24x46 Ordinarily 59¢ 69¢ 90c . $1.00 $1.25 $1.40° $1.50 $1.75 39¢ 45¢ " 69¢c 79¢ 75¢ 85¢ 90c $1.00 Sale Price . 26x42 p— We enumerate a few of the De Luxe quality Extra Heavy Bath Mats - Ordinarily $1.59 $1.75 $2.50 Sale Pries $1.10 $1.25 $1.68 $3.00 $1.75 $5.00 $3.50 Palals I'lll—mfrm 23x38 23x36 27x46 31x55 Midsummer Sale of Ten Thousand Yards of Fine Wash | _ Fabrics. Values 39c, 50c, 67c and 75¢ Yard. Choice at 29c Yd. | This includes Printed Voiles, light and dark grounds; Printed Batistes. in light ground; Plain Organdie, * excellent colorings; Plain Voiles, fine quality Silk and Cotton Voiles, in medium and dark colorings. 2,000 Yards Fine Printed Voiles, 25¢ Yd. 40 inches wide. Beautiful range of rich designs *n light medium ‘and dark effects. 39c and 48c qualities. Choice al A Midsummer Special—Standard $1.25 Quality = | Imported Dotted Swisses at Sale Price, 75c Yd. 30 inches wide, in dark blue, pink, yellow, green, black and’ igvender groupds, with small white and black dots. 25c yard. Dress Your Boy in Cool and Comfortable ' Hot-Weather Clothes —of the very best quality at sensational prices. The Palals Royal—Second Flool Summer Nig One of the foremost makers sold to us his factory, | ! Made of Crepe, Voile, Batiste and 3 ery and medallion trimming. E‘ \ 4 pe! Some pl Following tours of the Fmanders * battléfields the party will go ! London, where Ki George and Queen Mary bave #—‘d a_ royal re fon. Premier Lloyd George. Fi Marshal Halg and . Admiral Beatty will be among the notables who will sit at the officlal banquet. - HERRICK DINNER HOST. l lowest anywhere. Boys’ Two-Trousers Genufne Palm Norfolk Suits, $9.95 " Worth $1250. Fine tailored suits. in all_the best colors and patterns., Look for the label. IAH sizes for boys from 7 io 18 years. Sale pr&e, $9.93, but the best $1.50 to $2.00 grades. 4 \ o ealels Beysl—ain Wieer ff Teict offered anywhere. S v A g Uy 7 50. " At $1.50. . Hendsome,., | Petticoats, $1.98 Made of taffeta, messaline voiles in “janc silk jersey, plain colors | pgiterns, cor ¢l and nov- .. elty cenbln& » - samples. At . . 'In a union syit you want fit, du- ‘Fability and comfort. Sexton gives . vou all of these and more. : These are not skimpy cut suits, B@ch Kimond Made of ] if] B i 2 L] f i ; 18 5 W BARIS, July 15,—Premier Poincare r“"*’ were guests at dinner tendered in their honor by, Myron T. Herrick, American ambas- i - ARS8 E \II;I,-I-I .