Evening Star Newspaper, August 14, 1923, Page 4

> 3 Germany, in Desperate Effort ¢ To Save Mark, Hilferding, New Finance Minister, Ex- pected to Propose Separate Currency ‘ for Foreign Trade Only BY HIRAM K. MODERWEL By Cable to The Star and Chicago Daily N Copyright, 1923, BERLIN, August 14.—A serious at- tempt at the stabilization of the mark at least temporarily can be expected under the new finance minister, Herr | Hilferding—an attempt of a character | almost unprecedented in modern time New entering the govern- ment are beating down the last ef- forts of resistance on the part of the big industrialists. Chancellor Strese- munn, a lcader of the industrial party himself, 1 accepted the new strenu- neial program by taking Hilferding into his cabinet ws. fore Proposes to Selze the the to the | zold the it committ, i dis The taxation reichstag toduy forthcoming gold loan, proposing put tecth in it by authorizing government to seize 20 murks in foreign currency from reich if they do not subsecribe willingly Deutsche innes’ pa ainst the it threatens if industry borrow to pay taxes The popular demand for nation of President the Relichsbank is ng. He legally holds office but to- | day it is threatened that if he will not French “Yellow Allgemeine Zeitung per, solemnly | premature s terrible obliged to | the resig- | stein of U. S. Faces Debt Tangle Again By the Associated Press PARIS, August 14.—A of diplo documents, F ) government. brings out clearly that the United States ultimately will be asked by the allies how much of the nterallied debts she expects to be paid. The ty-seven tele- grams of them v Poincare and French am- They are dated from May and deal with the Ruhr and the )ntains th tters, t and be- tween Prer 2 to situation, British puts his message Londc position to the He in- am other n, the British “it is_the prob- which prevents | now the exact g at Last. “The solution of | nds gland. | United States after- | be approached in the allies when formula, and evervthing « attitude of the this prol first of ward a commo: 1 they have by upon ¢ evident upon the at Washington.™ book was issued as a re- British actlon in announe- world would be called | the present situation [ Gern The docu- hitherto Leen € me ruc- bassadors on how to nen viewpoint on the fes governn The yell ply to ing t upon th te present the Fr situat Believe Germany Can Pay. Th i often’ in the tions already publicly, znd_en absolute convic Germany ¢ Day, must pay and ay, becat France will follow a policy of maki it easier to pay than to stand the pressure in the Rubr. | Premier Poincare explain of suggesting t ma the Rhineland - ways to the allles, give them certain | Ruhr _coal 1 collect customs in | gold for t and otherwise ac- | HOOD CALLED MODEL | FOR NEWSPAPER MEN Secretary Weeks Commends Late Reporter for High Ideals in His Work. to the the set out ex allie late 1d- place Mr. | of thel came A tribute and striking win M. Hood Hood held in the cabinet members with whom he paid by estimation Secretary to a small group whose duty It is War Depart- iood had these | the War than thirty commenting on that service, Mr Weeks in contact, was Weeks, of new, to sec speakin men, 1 of the ly. Mr figure in about paper the h it familiar ment twice been forma Sec : erin etary’'s desk more and in honorable ar long, sald: ‘I with to say a word at this time about the passing of Mr. dwin Hood, as vou were associates of h I knew him oniy as I know you, as a coup of \ who are loval (o the which you are performing older than most of you and longer in the serviee. He seemed to me to be typieal of the highest stand- ards found in the newspaper profes- *lon. He was a man i whom one could have absolute confidence. if 1 Were a YoUng newspaper man I hould be ‘glad to take him as a model as far as the directions from my own office would permit. It is a zreat pleasire to have heen associ- ated with him. and his death is a| most regrettable event | P o | You never can tell. Many a fellow who poses 1 Hlon would be serviee He wi ELUUUUU U U T U 15th & K Sts. N.WA SN | resign | abroad. Iy | would be offered for sale abroad only | exists in Russia | tively | on the of the | | Ministerial Delightful Apartments The Argonne Columbia Road at 16th St. A few choice apartments are available in this new, fireproof building, located amon, ton’s most palatial residences. Cooled by the breezes from Rock Creek Park. Convenient to Markets, Stores and Theaters. You Can Make Selection Now and Move Into Your New Home Before October Ist. Apply to Mar_llger on Premises or William S. Phillips Realtor- T T T T T T May Seize Gold the reichstag will change the law so as to make his tenure of oflice only until he is sixty-five years old Havenstein bas just turned sixty- five. Two Independent Currencles. From the recent writings of Hil- ferding can be traced the lines of | the financing policy which he is e: pected to Inaugufate. Briefly, this envisages two independent currencies | at the same time. First, a currency for export trade, fully secured by a reserve of one- third to ol half in forelgn bank notes, which will be collected by th forthcoming gold loan. The Relc bank bonds issued against this re serve would then circulate like money and could be used by the reich to pur- chase food and other necessities Second, the present mark currency for internal trade. This would le be prohibited in foreign trade as dlready under the new law. Since it in small quantities, the supply would not exceed the demand and it might be expected to remain comparatively stable. The quantit; ruld be increas ed meet the demand d¢f busin without undue risk. This dual currenc stem already wh e It works fair Iy well with the resent small ex- port trade, but the experiment would be vastly more difficult in tGermany. Theoretically the scheme might suc- ceed, but a necessary condition is the overnment’s ability to procure large ums of foreign currency immediate- lv. This is the essential task of the new government Book” Shows co-operate in the payment of reparations. The premier is firm throughout, however, in his announced policy of compelling Germany to cease resist- ance, and he refuses to compromisc occupation of the Ruhr or the amount of reparations, except as com- pensated by cancellation of interal- ied debts. Speaking of a ommittee to determine Germany’'s capecity to pay reparations, the premier says the experts would simply see the man sury empty and conclude the uld not pay, while France knov's can pay Loy Stress On Debts. structions sent to Count de St ambassador sat Britain, 29, M. Poinc: again lays «s on the vital importance of in- ] debts in_any general plan reparations. He declares France would be unable to pay war debt until the devastated reglons were onstructed and the budget reliev burden placed upon it by re nstruction loans. If the Rritish and American gove nts hesitate | to accept Germany's bonds in ex- change for debts, M. Poincare con- tin it is hecause they know th value is uncertain and, above all. be- cause they are unwilling to under- t themselves to recover from a debtor whose defaulting and il will they are well acquainted with.” Will Help Germany. “But we are obliged to tell them.” the premier adds, “we can only pay our debts in proportion as we are paid what is owed us. If they con- S our debts too high and they id alleviations, we give (ermany the | That 18 to say. we for what we our- in i benefit immediately of this many asked.’ lefter concludes as follows is upon these Important points British and an gov- s must decide I nything onsequently the Franco-Bel- nversations with the British ent must be opened on very ases. It i8 even probable proposals cannot be until it has been as- the American gov- it intends to do. The American S, might be n point of view broad that de sermany rtained from ment what visit_of the the Treasury from this MINISTERS DENY HOSTILE POLICY IN COAL FIELDS of Interfered With in West Virginia, Says Logan Statement. August 14.—The ion of Logan de- that ministers in whih. as United public None Profession LOGAN, Associa clared that charges the county were interfered alleged in a_ report to the Siates Coal Commission, made last night, “are absolutely fal In the feport made by a “commit- tee on coal and civil libertd " it was alleged that Iast May deputy sheriffs forced ministers who had come from the union coal fields to attend a Free Will Baptist conference at Dingus Run, to leave the non-union s of the ¢ounty, but the ministers said they knew nothing of su county muthorities of which they they knew was the case of J. impson, and county authorities d he was a member of the Amerlean Civil_ Liberties Unfon_ and went to Sheriff Don Chafin's home and abused him. Simpson, the doun- ty officials said, was not ordered out of the county, but left of his own ac- cord BOARD OF TRADE ELECTS. Beven Are Admitted to Member- ship by Executive Committee. The executive committee of the Washington Board of Trade elected the following to membership .in the board at its meeting late yesterday afternoon: €. W. Chamberlain, J. N. McMurry, E. Brooke Lee, David E. Eiker, Wil- Ifam 1. Leahy, Alvin W. Miller and Robert ¥ therstone. e Washing- Main 4600 SAMTIATETH AN LTI STHAT TSI S AT B I S B THE EV. G STAR, WASHI At the Bottom of the Ladder. Postmaster city ington steps Lo automohlles carrying “United States Mail" PO OFFGE WARS ONSENS HSUSE Claim Cars of U. S. Depart- ments Are lliegally Labelled Postal Trucks. following postal trucks are It is the departmen Pl which ument mail matter w0 the « day, to cars Kove post offic No authorization whatever has been given for such ernment ht private and mproper placing of blame doubly official ing a « On tho) mail’ zed tion of the abus Recent Mooney again. ter up t Tt other departments will have tention called to the GIRL HIKERS INJURED. BUFFALO Bsther Fra girl hikers from Ch ously injured lgst night tomobile in ran into a ditch and overturned near The mirls said they judged the distance to Rochester having been had asked They Leroy. ride distance The pital, MERCURY 105 IN ITALY. ROME. which has p last few days gives no s Thermometers ing. degrees due to the heat were reported from to us individual t Such unauthor gns would plainiy b law on the part of priv t is believed that it equal violation of postal tions on the partments, Blame Falsely When such department involved i v mpai ber of accidents in which postal service before the qu signs partments was brought a 1 The p B were brought to a Buffalo hos- i Florence, TON, D. C. TUESDAY, 'AUGUST 14 —By KESSLER. 1923, DENIES ANNEXATION, I8 needed is the c land and Americ: aboration of Eng- The lectursr pleaded that all men | of g00d will detach themselves from preconceived ideas and irritating vi- jway found to make {tion of the Rhi Count Harry last night frontier Ke. bhefore rch oceupa- perma- of Berlin Institute le the 15 AIM OF FRANGE Canon Dimnet Tells Politics Institute Not Inch of Ger- man Soil Desired. By the Assoclated Press. | WILLIAMSTOWN, Mass., August 14. | No good Is done by Germany's in- AN OUT O .You BUMS GONNA CHECK L THAT CAR OUT ! CENATOR <JAMES COUZENS OF MICUIGAN STARTED AS A CAR CUECKER INTUE RAILROAD YARDS OF ETROIT. FILIPINOS SEE LOSS IN DEATH OF HARDING Gen. Wood Cables People’s Expres- sion of Sympathy—Porto Rico Sorrows. Expressions of sorrow and from the people of the Philip- and: P Rico at the of the late President Harding ntained in cable messages re- at the War Department-from The sym- hy Islands o ernors of those islands. from Gen. Wood said he expression of sym- pathy and sorrow at President Hard- <'s death is general among all resi- of the Philippine Istands re- ga of nationality. Business houses have closed today as a mark of respect and sympathy; public ac- tivities have been limited to the ab- solute necessities of the public; Aags are ut nalf mast in every province and mun lity of the islands; social tivities have ceased “Army and Navy, federal and insu- the president of the ren- speaker of the house of repre- lar corps, church au- Itica Ang organizations, veterans' organizations, R. O. T. . organiza- ‘ns. civie, business and fraternal or- ganizations, represeniatives of the courts, various scientific socleties and professions have called to express the ep sympathy and sorrow. All realize that President Harding's death is a great national loss “The Filipino people feel that they have lost a friend who has ever had their progress, happiness and best in- terest: heart All editorials pay high t President Harding ang are united in expressions of profound sorrow and sympathy in the great loss which has come to all who live under the flag, they realize that the world has lost'a leadership which has made for hetter understanding, for peace, [3 d will progress among the na- tion: P <hip which has gained the re: nd confidence of the civie lized world.” DR. HARDING AT WORK. Returns to Office Today, Feeling Well, He Declares. MARION, Ohio, August 14.—Dr. George T. Harding, father of the late President, came to his office today for '(hn first time since the funeral. He said that he was “feeling tolerably well” Dr. Harding Is seventy-nine vears old TO MISS LEAGUE SESSION. BUENOS AIRES, August 14.—The Argentine government will not he represented at the assembly of the league of nations next September ow- ing to delay in congressional approval of measures to ‘“regularize” Argen- tina's relations with the leagie, it is said at the WATSON PAPER SUSPENDED. THOMSON, Ga., August 14.—Publi- cation of ‘the Columbla Sentinel, weekly paper published by the late Senator Thomas Watson, is to be suspended pending decision in_court post oftice break up th from oth signs bearis the todav pr departmen the words w took of sincere ice s dents pon the sides, which volved practice of several of the postal officials sald to- ce such upon the bear let and other ty accidents wdicate slgns rs for mail officials - of sign nt has no a sign than A gov- it more | has a departn su ed use of homema L vilatlon of e individuals, is a laws and r part of governme automobil i imme 1e upon the j distressful postal who this week ond n to cut down the n legitimate involved ion of unau- of “United States of various de- to the atten- ment heads and ned at t tim Postmaster buse grew tmaster took the v with Postn 1s lkely that tr 16 tru displ on’ cars rious depa was les: howe 1 up mat- neral matter again N. Y., August 14— nklin and Bertha Revken ago, were ser hen an au- which they were riding had mis and overtaken by darkness, a _passing motorisy for had gone only short when the aecident occurred foreign office. t 14.—The ailed in Ita fierce heat y for the n of abat- Aug! sisting that the French are mere im- perialists, Canon Ernest Dimnet of | Paris sald in a lecture today at the Institute of Politics at Williams Col- lege. Canon Dimnet replied to an attack on the French policy, made by { Count Harry Kessler of Germany, in an institute lecture last night. De- claring that France was on the brink of an agreement with Germany, he sald “Any am, detes one of whom 1 the idea of an inch of German kround being added to French territory. The Rubr occupa- tion was the result of two increasing | visions in the French mind—security | and justice. All French people, but | especially those lving In northern | France, live in dread of a rman | revival. made more dangerous by the | | treaty of Rapallo and openly avowed | by Nitti. j | Says Justice iv Motive. “The idex of justice is certainly endangered by the gradual evapora- tion of German responsibilities and by the ompanying evaporation of German indebtedness. The realiza- tion of this gradually brought the French to count only upon them- selves. Hence the occupation of the Ruhr.” Canon Dimnet asserted that the high hope of a rapproachment with ermany lay in the economic domain “Tt seems’ extraordinary to me," he sald, “that peopie do not see it as | it is, an irresistible current which | | drives France toward Germany, as | the current which slowly but surely | ari America toward Europe. Even | now we are on the brink of an agree- ment with Germany. Needs Help of U. sum which M. Poinc Frenchman, ac e 4 7 itere: i “The re men- . Dtorsssyand on clsy tlons as his final demand—twenty-six the other half, the property of the | pillion murks—is far inferior to that Watson estate, in lieu of money she | which Germany herself used original- alleges is due her by the estate Iy to mention. The only thing that owns half is claiming STORE HOURS—9 A.M. TO 6 P.M. ANSELL, BISHOP & TURNER, Inc. Down- MONTHLY No Red Tape No Extras Try to Match These Terms On Either of These Two New 1923 Genuine VICTROLAS Style 80 3> 9100 *100 The Two Most Wonderful Values on the Market Today Style 210 Many Wood Finishes Buy Either Style registered 105 action brought by Mrs. Alice Louise n some places and deaths Lyttle, for many Years managing edi- tor, who claims entire ownership of the Sentinel. Mrs. Lyttie stated she Milan, Padova and Siena. Reputation as an element in business success ranks with ability in production and merchandiz- ing, and with the quality of the goods offered for sale. The reputation of the Union Trust Com- pany founded upon its demonstrated ability to make the accounts of its custom- ers valuable to them. 2% Paid on Checking and 3% on Savings Accounts UNION TRUST CO. i OF THe DISTRICT OF COLUMBIA ses EDWARD J. STELLWAGEN PRESIDENT You are offered the largest assortment of wood fin- ishés from our collection, which is, by the way, the largest assortment of Victrolas in the city. These models have been especially designed to meet the growing demand for Genuine Victrolas possessing the latest Victor improvements at moderate prices. Immediate Delivery FREE 1! MECHANICAL SERVICE ** WITH EVERY VICTROLA Nowhere Else in the City Will You Get This “BOND.” It is Exclusive With This Shop <~ This Written BOND OF FREE SERVICE We do not promiss it— we give it to you in write ing—A FREE MECHANI- CAL SERVICE WITH EV- ERY VICTROLA BOUGHT HERE. At Washington’s Leading Victor Shop ate payment a fallacy Kennler Seex Had Faith. France not only does not primarily want to be paid the Germ tions, the problem pation sions and endeavor to evident, “It becomes d, “that the financi ermany makes any but the treat French through that the clause can_be SR Remember 4% the fifte alities. contin- | of | e of immedi- “ lities at he reparations was devised to make cupation practicable which the total he Al situation arations commission | thus opening the wa n repara- {arations so high t 50 engineered [never pay them tions | fe occu- | nd to h | does not a ' but is year 3 primarily evaded want Next Door to R. Harris & Co. Winter Coats —those rich novelty Fur-pile fabrics and genuine Coney Fur Coats— $39.75 | Much 1 thai price, lower than sold in season thi | A small deposit | any selection. Big wrappy inch lengths—self with Manct Coney collar somely lined See our windows. the latest fashions. 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