Evening Star Newspaper, June 8, 1924, Page 13

DEYBER NAMED CHIEF BY DISTRICT BANKERS “WENUL.Spaid Wins Post of Seare- faryat White Sulphur Springs Business Session. DINNER CONCLUDING EVENT Gold Watch Given Harry V. BY CHAS. P. SHAEFFER. Staff Correspondent of The Star, WHITE SULPHUR SPRINGS, Va., June 7.—Victor B. Deyber, president of the Second National Bank, was elected president of the District of Columbia Bankers’ Association for the ensuing year at the concluding business session here this afternoon. Francis E. Addison, jr.,.vice presi- dent of the Security Bavings and Commercial Bank, was elected to the first Moran, vice president of the Amer- ican Security and Trust Company, was elected to the second vice presi- dency. The naming of W. W. Spaid to the position of secretary, succeeding Mr. Moran, was of special interest. This office was the only one in doubt, inasmuch as the custom of rotation, established several years ago, covered the other elections. Albert S. Batley, vice president of the Lincoln National Bank, was re- named treasurer of the association for the ninth successive time. His election was unchallenged. . The main social event, the family dinner, marked the closing of the co vention tonight. Mére than 200 del gates attended. There was no toast- master. “The evening was in charge of Roy Neuhauser, who recruited from the ranks of the assemblage talent for the evening’s entertain- ment. It was a pronounced success. At the conclusion of the dinner Harry V. Haynes, retiring president of the association, was called to the platform and was presented with a handsome gold watch and chain, the &ift of his associates Specific reference was made to the “unequaled success” of his adminis- tration, attention being given to his most constructive legislation—the in- stallation of an assistant secretary on a salaried basis. putting into oper- ation a protective plan for banks and hig successful efforts in estab- lishing and maintaining a _regular weekly luncheon for bankers, at which® acute problems pertinent to banking are gone over and solutions offered, e delegates and guests of the conyention will entrain for Wash- mgton ~ tomorrow night, arriving earty-the following morning. ‘DISASTER LOG’ TELLS HARSH SEA STORY 104 Accidents During Five Months of This Year Recorded in San Francisco. By Gonsolidated Press. SAN FRANCISCO. June 7.—Many of the perfls of the sea faced by hardy mariners ‘a century ago still beset the seafaring men of téday, despite the improvements of modern ship construction and the many inventions designed to safeguard human life from the dangers of storm and ship- wreck. Man has done much, but he still has a long way to go in his conquest of the elements. { Prima facie evidence that staunch wessels still impale themselves upon | jagged reefs; that even great ocean | liners sometimes are compelled to send out distress signals when the sea turns loose its furies, is contained in the “disaster log”—that great book with'ancient binding and age-yellow- ed leaves in the picturesque Marine Iixchange here. During the first five months of | 1924, a total of 104 maritime ace den great and small, have been en- tered in the disaster log. They run the gamut of almost every variety of sea disaste from vessels that foundered at to vessels that ran mad races against time and against fire, to the nearest port. The same entries also chronicle, in curt, brief sea style, the fact that heroism, such as one expects to find only between the covers of a novel, still survives among the men who go down to the sea in ships. The ancient code that requires a vessel to stand by, despite its own danger, and render every possible aid to a sister ship in dis. tress, still is in force. Rescue Ship Wrecked. One such stirring incident in which a rescuing craft went on the rocks herself as she dashed to the aid of another ship was recorded May 16, when the steamship Admiral Nichol- son piled onto a hidden reef between Portland and Coos Bay and was lost. The schooner G. C. which she wa: down. Vessels of the Shipping Board have set an enviable record of rescue and heroism on the Pacific, The first such rescue recorded this year occurred Januvary 3. The Shipping Boards steamer President McKinley, which had answered distress calls from the Japanese steamer Kyosei Maru, took off the Jap steamer's crew during a raging _tvphoon just before the Kyosei Maru went down. Kour days later _the President Cleveland,: another Shipping Board steamer, 'came upon the steamer Harold Dollar wallowing helplessly in a typhoon, with her steering gear and her propeller broken. The President Cleveland put a line aboard and held the helpless, vessel head into the storm until repairs could be made. Stricken Ship Remewed. Pebruary 7 a third Shipping Board craft, the President Jefferson, went to the assistance of the steamer Ed- more, ashore on a rocky island off the coast of China, and succeeded in pulling herLofl and towing her safely te Shangha The President Taft duplicated the feat of her Shipping Board sisters in Lindauer, toward speeding, also went went down in midocean when her lum- ber cargo ehifted during a heavy storm. The Shipping Board veesels, however, were not . without perils of their ovan. On May 1 thé President Madison raced into Shanghai after an 800-mile ocean sprint, during which her captain not only had to contend with 2 raging fire below decks, but had to fight desperate- iy to prevent a panic among the pas- Hargy V. HAYNES Retirintg President— CLINEDINST vioe presidency, and ‘George ) DAWES PLAN SCORED BY GERMAN BUSINESS 1 Reparations Settlement Opposed byi Reactionaries, Who Offer | Another Program. ‘ ! (By Cable to The Star and Copyright, 1924. BERLIN, June 7.—Germany will not accept the Dawes report, because the German reactioparies have an eco-i nomic program of their own. The last session of the Reicstag demonstrated that the report has no chance of the necessary two-thirds majority as long as the Deutsch-Na- tional party leads the opposition. Hitherto it has been assumed that the reactionaries would at the last mimute come into line and declare they found no other way out of the reparations deadlock. Now this hope has been shattered by the economic policy worked out by the reactionary German indus- trialists, details of which were ob- tained today. The policy is contained in a docu- ment circulated among the business barons and there is support for it in ,the League of German Industry—so ‘much. so that President Buecher of the leagye and Herr Sorge, both of whom have come out for acceptance of the ezperts' report, are harassed by growing opposition to their stand. Business Hits Dawes’ Report. “It is not to Germany's interest to have a reparations settlement,” is the keynote for reactionary economy pol- icy by German big business Analyzing the current situation in Germany, the reactionaries state the crisis is due to a famine of credit, capital and money. The first remedial step urged is to icurtail exports. -1t is pointed out the industrialists sell cheaper abroad than at home. “By curtailing exports prices will fall. In this way also credit need will decrease. Then for- eign credits will not be so impera- debt abroad brings further burdens tive. It must be remembered every debt _aboard brings further burdens VicTorR B. DEVBER Incoming President HARR(S -EWING Howarp IMoraN— vg."“ Vice President™ will not replace the original German capital of 250,000,000,000 dissipated.” Fear English Trade Dominance, Attacking the ris’ report di- rectly, the reactionary economic docu- ment 'say “The report contains no word that German production must be put on a solvent basis. This is the only ef- fective guaragtee against wasting foreign credits. On the contrary, the report limits the effectiveness of pro- duction by a series of control. All the provisions of the report are based on German industry, but with the pro- duction of only a surplus. “The entente—notably England— would like a Germany which is not a competitor, but would be open to persuasion concerning the report when awakened to the risks attached to a loan under the present condition of industry.” To the German industrialists the most telling argument is this: ““Technical possibilities for decreas- ing reparations would be created when there i3 a general recovery of Europe; the world will not be able to_absorb Germany's overproduction. “The big sums for reparations have their origin in losses during the war by the entente industry which will b repaired by time. Thereforo it is not to Germany’s interest to urge an immediate settlement of reparations Urge Greater Circulation. for German industry. “Under the present insolvent or- ganization of German industry for- eign credits will only be dissipated. Even if a few billion marks come from abroad, which is doubtful, they SHOE Buy With “The investment of foreign capital will sustain our industry only when solvent and a solution of the repara- tion problem is less to be feared SALE Economy We Must Reduce Our Stock $2.98 ‘Women's Comfort Lace Ox- fords—Rubber heels. All sizes Growing Girls’ Patent Strap Pumps— Broad or narmow wes All g5 40 Men's Brewn Trousers' Crease Ox- fords—Goodyear welt sles, &3 O “Giher sea disasters to the larger liners included : Steamship Newport, afire 600 miles b ot ;" Mimm raced into Victoria, B. with passengers, minus ber bridges and leaking badly from storm battering. Unlike 1923, when 238 major sea ac- eidents 'er.l m&d fl'i:-hfla loss of thirty-seven lives, the first five months f 1924 passed without a single casualty. Taking No Chances. From the London Mail Sentor Partner (aside)—I should en- gage her. Junior Partner—I have. Senjor Partner—Can she take dicta- Junige Partner—We'll find that ent| T st wuns appabilaces Children’s Patent _Btrap Guaranteed solid leatber soles. Bizes 8% to 2. Pumps— $1.98 $2.98 Women's Satin Pumps— Flexible oles. Special.....e $2.98 Boys' Ankls Patch Keds—White or brown; etralght isce or lace &) O to the toe; suction ssle...... We Are Featuring Just a Few of the Many Bargains It Will Pay You to Comie In and See for Yourself BACHRACH F'RANC(S G.ADDISON JR. 15* Vice President™ when Germany—with a sound eco- nomio foundation—has something to say politicall ‘The reactionaries consider invest- ments under the experts report are almed at aoquiring _ ownership, whereas investments of their own for reconstruction are “normal” since the present circulation of ren- tenmarks is only one of the fifth pre- war circulating medium. They urge greater circulation and say stability will take care of itself by curtailing exports and greater production. Credits, they say, will come auto- matically’ to solvent industries, irre- spective of whether Germany pays reparations. The significance of the document lies in the fact that here is the first concrete opposition report on an economic_basis. Whether the Deutch national party succeeds in capturing the govern- ment in the next political crisis or whether they simply continue as the opposition in the Reichstak, they are now in position to kill the Dawes re- port. The fact they are determined to do so is shown by the formulation of their own economic polic: e The Job You are Looking For May be found in the Help Wanted Columns of The Star. WORLD FLIGHT PROGRESS By Lieat. R. J. Brown, jr., Chairman World Flight Committee. On June 5, the world flight airplanes “Boston” and “New Orleans” arrived at Shanghal, China, and the follow- ing day. they were rejoined by the flag plane “Chicago,” whigh had been delayed over night with pontoon trouble at Kagoshima. They also were delayed over night ut Kushi- moto by a heavy rainstorm, and spent one day at Kagoshima, looking over their airplanes to fit them for the hazardous water hop of 610 miles to Shanghai, the longest flight over open water undertaken by the ex- pedition. During the week, the planes have proceeded from Kasu- miga Ura, naval air station, Japan, and In four hops have completed a distance of 1,900 miles to Amoy, China. They should arrive at Hong- kong today. Ester Torrid Zome. The next two thousand their travel south will carry the fiyers into the heart of the torrid, equatorial heat, to withstand which, the airplanes have been given extra coats of varnish. Boostor radiators to incre: the cooling murface for the engines have been installed, and the flight personnel will don’ sun helmets which they will continue to wear through Indo China, Burma, India and l'srs‘:‘m xlo protect them eat heat. O uring the week, Maj. Martin, the original commander of the expedition, reported to the War Department in person and although preparations had been made to send him to Europe with a new plane, to rejoin his com- mand. Maj. Martin, in true sports- manlike spirit, requested that the command be {urned over to Lieut. Smith, and that he himself be relieved from duty with the expedition, as he did not feel that it would be fair to the other members of the flight for him again to assume command after they had covered so much of the bazardous journey without him. Sergrants Win Homors. ommended service that Sergt . who exhibited such courage and bravery in enduring the hard- ships of the Alaskan Peninsula with Maj. Martin, be made a second lieutenant in’ the alr service reserve. Action is being taken to bring this about, and Lieut. Smith's recommen- dation, Sergt. H. Fl. Ogden, the only enlisted man now with the flight, has been made a second lieutenant in the and called to ac- so that all the personnel now on the flight are officers. It was reported that the French aviator, Capt. D'Oisy had been pro- moted to incy in recognition miles of to of his remarkable flight of more than 10,000 miles in twenty-six days, from ! Paris to Shanghal, and that his com- panion had been given a military medal. Such honors can not be accorded to the American filers, as the law will | not allow it. The query has arisen | during the weeks as to why all the | officers in this expedition are lieuten- | ants. This requires a brief explana- | tion. Permonnel of Flight. The personnel now assigned to the flight with their airplanes are as fol- lows: Alrplane Chicago — First Lleut. Howell H. Smith, pilot and com- mander;First Lieut. Leslic P. Arnold, mechanic and alternate pilot. Airplane Boston—First Lieut. Leigh Wade, pllot; Second Lieut. H. H. Ogden, (O. R. C.). mechanic. Alrplane New Orieans—First Lieut. c1son, pilot and flight engi- nd Lieut. John Harding, Jr. . mechanic, . Harding and Ogden are re- serve officers on active duty. Harding will revert to civilian status and Ogden to enlisted status upon com- pletion of the expedition. The other members of the expeditipn are all first lieutepants, althouglj many of them are ald enough and: have the qualifications for higher rank, Ap- proximately 80 per cent of all the of- ficers in the Army air service are lieutenants, though many ol them are qualified professionally znd other- wise for & higher grade They can- not, however, reccire (his grade, due to the fact that they are on the Army promotton 1ist, which includes the majority of air service officers at the bottom of the list in the lower grades. Alrmen Are Handicapped. The usual assumption that the air | se . being a new arm, has many officers in higher grades. is not true. The contrary is the case. Many of- | ficees of 1 age and rience than s crvice officers are and s in ot they had more commissioned service uring the war than air service ofli rs, whose training required a long er period, which, of course, shorte ed their commissioned service. This situation has been brought to the attention of the War Department and the chief of air service has re- quested that legisiative action be taken to remedy this matter and Egive the air service a promotion sys- tem which will relieve the situation |can keep up of them are performing duties re- quiring the grades of captain, major and higher grades. Plans Virtually Complete. All arrangements for the world flight have been completed, or will be completed withih the next month or six weeks, All f4ellities are ready for the flight as far as Turkey. The advance officer of the section from Calcutta to Constantinople, should complete his preparations this week, while the advance officer for the Fifth Division, across Europe, will start his work next week. There are two advance officers on the North Atlantic section of the route, who have just arrived In Europe and they | will have completed all arrangements for the passage of the flight before the middle of July. In the meantime co-operation is being arranged with the United States Navy and the Danish navy to form a radio chain across the North Atlantic Ocean during the long water flights, so that a radio chain entirely around the world has been worked out. Sup- plies, including fuel, have been laid down at all points, and the flight now is able to proceed as fast as weather and the fortunes of flying will permit. Accurate Measurement Impossible. A days march on the road is fifteen miles and it is expected that troops this speed day after distance, of course, is sometimes doubled, or even tripled by forced marches, but troops can- not continue this pace for more than one day at a time. A day's flying for an aviator cannot be accurately mensured in miles as the speed of different types of airplanes varies, as does also their radius of action. Fly- ing hours per day is the unit of meas- sure in the case of aviators. Like every mode of transportation, aircraft has certain limitations, for which allowances must be made when plans for their use are being con- sidered. Their radius of action i limited, due to limited fuel capac ity. It is dangerous to fly airplanes in sever storms, when objects on the ground cannot be seen flying without organized equipped airdromes for such flying is extremely hazardous. All these limitations had to be considered and provided for in the case of the world flight. Expect Two Months for Delayn. In establishing seven major repair and supply depots and eleven sub- sidiary depots, a total of two months was estimated as the necessary delay at these points to recondition the air- planes, based. of course, on the con- sideraiion that the labor in most cases had to performed by the ots and mechanics on the fiight, day. This and _well and assure advancement for air serv- flicers commensurate with their and the special requirements. This explains, in a general way, why the majority of air servicve officers e first lieutenan hough m: whnich would not be the case over an organized airway. This left four months time for actual flying, and to | repair between | care for emergency depots, for which purposes cach air- plane carries a complete set of too Night | Time fis_also - al- lowed for bad weather. Since _tha? distance aroun! the world is about ,000 miles and 120 days were al- lowed for actual flying. while the average speed of the airplane is abodt seventy-five miles an hour, day’s fiving “should average in excess of 200 miles, or not cuite three hourss per day. The stops on the woFld flight are an average distance of 500 miles apart. This distance allows the flight to fly an average of every other day for six or seven hours and de- vote the intervening time to the care of their equipment, to studying their maps and keeping their progress re-7 ports and the flight log up to date Four Hours in Alr Enough. During the war a day's flying fory an officer was considered to be about four hours, as the strain of flying did not permit him to average more than this amount and perform the various and sundry other duties required of the flying officer. In its application to the world flight, this figure was borne in mind and a reasonable prog- - ress schedule worked out as indicated above. The flight progress to date indicates that this was a correct basis for a schedule, as the flight & now completed about one-third of the total distance over the worst section of the route, In ghtly more than twoll months’ tim > Upon their in which was the with the mainla | Asia, the fi and small parts. Shanghal point of contact continent of had completed ninetyv- four hours and nincteea minutes flv- ing, time, from Wash.. the point of 'departu m the United States, and cov 5580 miles About’ £,400 mile completed since they left nta Monica, ify which puts them bout 1,000 milesd ahead of the British flight, now at b. the United T Paul Jones arrived with another airplane tates des t for tier awaits on the British via Singapore ry in the United States employs the highest percent- | age of women + |Houses For Sale and Reni J. LEO KOLB Main 5027 923 N. Y. Ave. 1237 Wis. Ave. STUDEBAKER Just Drive It; That's All ' ANY ROOM FURNISHED During this June Brid 3-Piece Overstuffed Tapestry Bed- Davenport Suite A suite that will add beauty to any home. In- cludes large Davenport, which opens to full size bed; large massive Wing Chair and Wing Rocker with upholstered arms and sides of beautiful tapes- try 139 '$5 Cash—Easy Payments Weekly or Monthly. Beautiful outfits in all the desirable styles in Queen and Mary, Renaissance and 1192 Anne, Tudor, William other effective ada choice of all ! i ptations popular finishes. Buffet, Table and Four Chairs with solid leather seats.......... T i in $5 Cash—Easy Payments Weekly or Monthly. 3-Pc. Leather Duofold Suite In oak or mahogany frames, brown chase—a wonderful for genuine leather. This Armchair and Rocker 35_Cash—Easy and covered with 557930 Payments Weekly or Monthly. Kitchen Cabinet —delivers _and Kitchen Cabinet. Our assortment includes almost all types —in oak. white, enamel or porcelain top, See the special we are offering, fully equipped for Refrigerator per week secures any refrigerator. More than 25 styles, for home or apartment, in enamel and porcelain. We are featur- ing white lin- ed top icer i 35-1b. cap. for Breakfast Table —secures this excellent kitchen table. Of hard- wood with square of round drop 95 leaves. Priced . special at . 1 4-Pc. Queen Anne Bedroom Suite An attractive Bedroom Suite of walnut finish, well constructed and highly fin Bow-end Bed, Semi-Vanity, forette and an attractive Dresser. . ished. Ch 119 $5 Cash—Easy Payments Weekly or Monthly. 3-Pc. Overstuffed Living Room Suite In Velour or Every outfit is typical of Tapestry our quality standard, as included are products of the most notable manufac- turers. We have reduced these overstuffed suites to rock-bottom prices. Suites consist of large sive Settee, Wing Chair and ehair ... Mas- Arm- 5119 $5 Cash—Easy Payments Weekly or Monthly. KITCHEN OUTFIT As shown. Large 4-burner gas stove, with elevated oven and brole: anteed lce chest: up-to-date sanitary white enamel chair ‘and Congoleum rug: This_outfit. complete. for only porcelain-top table 35-1b. capacity guar- kitchen cabinet $98.00 35 Cask—Easy Payments Weekly or Monthly.