Evening Star Newspaper, December 2, 1924, Page 11

ROBINSON EXPLAINS DAWES PLAK RASIS Says- Problem Wa% to Make Germany Pay W.thout Suffering. 5 the Admciated Press. 0S8 ANGELES. Calif, December —How the Dawes plan works w. explained’ to a joint session of the international Chamber of Cominerce and the United States Chamber of Commerce fn connection with the opening of the latter’s second West- ern division midyear mecting here today by Henry M. Rob.nson. presi- dent of the First National Bank of Los Angeles, member of the so-called 3 ttees on German repa- dur'nis the past five months, collaborator with Owen D. Young_in putting the Dawes plan into effect Mr. Robinson, whose work was the organization of the new German bank of issue, the railroad company and the industrial bank, affd the issuance of the German rallroad and industrial Londs, as well as to organize the co- ordinating board, said in part: ‘War nnd Peace Treaty. “To make a satisfactory picture of the work accomplished in - Europe, it is necessary to visualize f fect of the . nad, peace rteaty on the Tomic structure of the civilized coun- tries of the world. “Prior to the war the international | movement of credit was general and freer than ever before history. An 1y becau: pered flo ‘“The war moved great ma credit and of gold and changed the location of the creditors from one country and one financial center to another, with the major movement of 5old and eredit control to the United States, and of all the maladjustments resulting from the war the most dif- ficult to bring back to normal has been the free movement of gold and of capital. Wildest of Figures, “Doubtless you®all recall that dur- ing the peace conference the wildest of figures as to the amount that could be paid by the enemy natlons were discussed serjously. The whole make- up of the figures was in the realm of astronomy rather than in ginance or economics, and becausé no agreement could be ached the amount was not finally fixed in the treaty. “The creditor nations Interested proceeded to collect reparations un- der the treaty, and with continuously dec ing @ess, until through the vl of the German currency, whi wevaluation process was given its greatest impetus in the passive resistance program following the oc- cupatlion of the Ruhr district, rations, u MISS MARY KNUTTNER, Who takes n leading part in Booth | Tarkingtonm “Sevent to be pre- | nented by St. Antho; Dramatic Club tonight and Thursduy | Parish Hall. in the 1 and economic destruction and 1 disruption, ller states in Burope without exception, condition and countries had cally u similar all were, prac 5 approaching bustness me: come o e councries v bacle « collap 'lnrlmh nattons would certainly fol- | low, and that communism would come into control of nost tinental Europe “These were the conditions that in- fluenced the reparation commission to appoint the cxpert committees to go into the question. Work Was Limited. “By the conference creating them, the work of the committees was lim- ited in scope to the stabilization of German currency, the bringing about of budget cquil the pay- ment of commi aggregate amount | shouia p | “In the first place, it was felt that | the burden of the people of Germa as a result of thelr action in the war, should certainly not be less than the burden of the peoples of the victori- ous nations. “It was recognized that through the devaluation of her mark her indus- and that for a time this fact was ad- vantageous to the industries in com- petition with other countries where the Industries were burdened with debt “The difficult thing was to burden tries had freed themselves from debt | THE EVENING the German producers in an amount that was commensurate with the producers of the allied countries and still leave them a fair standard of living and the Incentive to live and work and at the same time do jus- tice to the alljed countries. “The Dawes plan contemplatei: Features of Plan. “‘A—The creation of a bank of with authority to issue currency a; a gold backing, this gold hacking to come from the sale of stock in the bunk, and from the— “B—Organization of a pany to take over and German raflways, which 26,000,000,000 gold marks, . ralroad com- bond all the we valued at or approxi- “the lowe mately the equivalent of six billion dollars. ‘C—The creation of an industrial bank and through it the handling of a capital levy of five billion gold marks, or $1,250,000,000, on German industry, exclusive of agriculture, “D—The creation of a revenue con- trol, that is, taxes on tobacco, alcohol, beer and sugar, to be collected and ap- plled on reparations, though these controlled revenues do nct contirbute to the annuity until the third year. “The * first year's reparations an- nuity is 1,220,000,000 gold marks, the third year's {s 1,200,000,000 gold and the fourth year's N780,- 0 gold marks. And the fifth year's, or standard year, which, it is est prices on men’s quality clothing in the city today” . See Wednesday’s “TIMES” and “STAR” BELL CLOTHES SHOPS 920 F St. N. W. 941 Pa. Ave. N. W, Closed Wednesday To Prepare for 20 Extra This;Grcat Sale Salesmen WANTED Apply Wed., at Our Colorful Collection of Oriental and Chinese Rugs Priced Eventfully Low for Christmas OVELY ORIENTALS—mellow with age, and of choice designs—including Chinese Rugs, Per- sian Rugs, Beluchistans and others, their pat- terns inspired by the traditions of the Kingdom of Persia—all priced eventfully low now. A few sug- gestive prices are quoted. MOSSOULS Average Size 3.6x6 $59.75 LILAHAN DOZARS Average Size 5x7 $175 CHINESE RUG Size 12x9 $432 ANATOLIAN MATS Average Size 253 $10.75 BELUCHISTANS Scatter Sizes $24.75 ARAK ORIENTAL - Sise 124x3.8 $536 CHINESE RUG Size 7x$ $112 SAROUK NAMAZI Average Size 3255 $96.75 ° Lifetime Furniture I's More Than A Name MAYER & CO. : Seventh. Street Between D and E JiFE TN 920 F St. N.W. expected, will continue, subject only to the prosperity index, will be the minimum from that time and subject to increase in the prosperous years, is nearly 2,600,000,090 gold marks. “The plan’ was submitted to the reparations commission and adopted in Its entirety, incuding the sugges- tion for the evacuation of the Ruhr.” =2 10e ovaouation of the Ry RESORTS. ATLANTIC CITY, N. J. HOTEL ST. CHARLES At the Boardwal -.u"l‘.:‘-’n Staee tess, who nas cha rldu Mah Jong. oot Our winter rates. now in eftect. enable one &3 live ||| "Reaa the aireciions for sore throat and| WASHINGTON, D. C, TUESDAY, ‘DECEMBER 2, 1924 RITES FOR DR. HOUGH. CHARLOTTESVILLE, Va, Decem- ber 2—Funeral services for Dr. Theodore Hough, dean of the medical department of the University of Vir- ginla, who was found dead on the New Treatment for Inflamed Tonsils Why bother with slow acting| |remedics that may and may not help those tender inflamed tonsils when two or three gargles with| Kojene before you go to bed at night will reduce the inflamma- tion, destroy any and every germ and cause the soreness to go hefore | morning. I ny mis dve’ druggl |fhe G0 Kojene dossn’t do progres- | anywhere will gladly return for a six-ounce tonwilitis, ofene, the world's most should be diluted to iseptic, Kojéme s _non-poi- results, were held here today. floor of his office Sunday evening,|author and teacher, first year. Dr. Hough, widely known as anldisease. e e —— ——— R We're Authorities On OAL You'll eliminate practically every trouble occasioned by balky heaters if you will use the COAL we recommend for your particular_plant. 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Ex- tra long of line, boned over the liaphragm and finished with wide rubber Inserts at Four strong hose supporters. Sizes 36 to 44. Second Floor sides, Lace Curtains $]»'65 Pair Usual $2 and $3 values grouped for early gift buying. Fine white Nottingham lace in_several lovely patterns. All ne and perfect quality, 2% yards long. . 59c¢ Marquisette Sash Curtains 49¢ Peir Ruffled and Hemstitched Cur- tains of dainty, barred, white marquisette. $1.25 Marquisette ‘Ruffled Curtains & 1 Pair . Tie-back style, in a soft qual- ity of white marquisette. Third Floor you buy securities from anyone be sure they are is until worthless | or'bonds has his money. The Better Business Bureau | Warm rob- striking pat- shawl collar, Featured here exclusively. el n Mlexm s (Cllmsltmas Robes Bath Robes and Drcwm;{ Gowns— s Palace is the logical place to Buy them. Assortments are complete and style is matched large is the gift ideal for a man! And King” vahliess Sc by tremendous ie ave it. 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Gift Hints =3 A “Gainshorough” Ivory Ware Set (Imitation) 3 A charming three-piece set, consisting of comb, brush and mirror, effectively displaved in lined box. This will prove a most acceptable gift to any woman. ) Other Combs, 50c. Brushes, $L98. Large Mirrors, $L98. Beautiful gifts are the Bobbie Sets, §2.25. Street Floor. H H £ H Bargain Table Special! Baby Peggy and Novelty Jewelry 59¢ Attractive articles prettily boxed for gift giving at a special low price. The asortment con- sists of— Children’s Jewelry in Baby Peggy Boxes consist of— Necklaces, Bracelets, Barrettes ana others. RIS reinforced for extra service. Brocaded Dressing Gowns $1 4.‘)8 Beautiful lounging robes rocaded rayon, in sev. patterns and colo in facings and capacious ockets. 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