Evening Star Newspaper, December 25, 1924, Page 15

WILL USE U. 5. LOAN TOREPAY ADVANCE French Government Makes Arrangement With Bank of Nation for Payments. By the Associated Press. PARIS, December 25.—The French government and the Bank of France have made an agreement under which, if Parllament approves the terms, the treasury, by December 31, will repay to the bank, 1,200,000,600 franca of the advances received from the bank, instead of the 2,000,000,000 francs repayment which theoretically should be made each year. The repayment last year was 1,000,- 000,000 francs, and the year before 2,000,000,000. In order to make this vears repayment the government will use the recent loan floated in the United States, taking credit for $100,- 90,000 at 5.18 francs, thus providing 518,000,000 francs, the remainder be- ing supplied by amortization funds. Mimistry Inxues Note. In connection with the agrees:ent the following note was issued by the ministry of finance last night: “A bill was Introduced in the Chamber of Deputies for the ratifica- tion of an agreement reached between Finance Miuister Clementel and M. Robineau, governor of the Bank of Franoce, concerning the repavment which the treasury will effect Decem- ber 31, to the Bank of France. “Under this agreement the state will pay to the account of the Bank of France, in New York, the proceeds of the $100,000,000 loan contracted on the American wmarket, and the Bank of France will credit the state in francs with a sum corresponding to this deposit on the basis of 5 francs 18 centimes to the dollar. This credit in francs will be applied to the reduc- tion of the advances of the Bank of France toward the amount of the Text repayment, which is fixed at 1,200,000,000 francs. “The amount of the advances au- thorized will thus be reduced to 22,- 000,000,000 francs for 1925. “The bank may be authorized by the state to realize on these dollars, in which case the difference between the price obtained and 5 francs 18 centimes will fall to the treasury. On the other hand, the state reserves its | vight at any moment to reclaim the unrealized-upon dollars from the bank at the price of § francs 15 cen- times per dollar. Tevenue from investments the bank will have effected by means of these dollars, it will be entirely to the Profit of the treasury.” Some Tramp Preventive. Small Boy—Say, lady, don't you want a boy to keep tramps away? Lady—How could a small boy like you do that? Small Boy—Easy, maaml T could eat vp all the \.akc, and ple you have left over. As regards the | THE EVENING STAR, WASHINGTON, D. ¢, THURSDAY, DECEMBER 25, 1924 IN RABBITBORO—Christmas Dinner at the Hutch Hotel. KINGS” HORSE TRAINER NOW ON RETIRED LIST Richard Marsh, Known in Britain as “Beau Brummel” of Racing Ring, Quits Turf. Correspondence of the Associated Press. LONDON, December 6.—After 31 years' service as tralner of horses for the late King Edward VII and King George V, Richard Marsh, known as the “Beau Brummel” of the racing ring, has retired. During his long ex- perfence he handled some of the greatest racers in the history of the English paddock and achieved many noteworthy successes. Soon after Marsh's appointment as trainer to King Edward, then Prince of Wales, in 1893, his horse. Thais, won the Thousand Guineas Stakes for the prince. That same year another royal horse, Persimmon, handled by Marsh, won the greatest of all Eng- lish races, the Derby, and subsequent- ly finished ahead of the field in the St. Ledger Jockey Club Stakes, Gold Cup and Eclipse Stakes, ail sics. Diamond Jubilee, another M handled racer, won the Thousand Guineas, Derby and St. Ledger, a feat OTHINE For the treatment of Freckles In Use for Over 16 Years | Your freckles meed attention Now or may remain all Winter. Use Othine—double strength—the old and time-tried guaranteed treatment that |has given satisfaction to millions of ri) yoursclf of theme mmend Othine Complexion Soap for use with Othine. At all Druggists and Department Stores. Othine Laboratories, Inc., Buffalo, N. Y. &mm%&m&mh%&a seldom achieved on the turf, and in addition won other great events, crediting his royal owner with $165,- 000 in stakes beforo he was sold to a South Amerlcan breeder for $150,000. Marsh is credited with handling more Derby and Stewards Cup win- ners than any other trainer. Something to Count On. From the Boston Transcript. Cheer up! If you don't get what you go after, you are sure to get what's coming to you. FREIGHTER IN DISTRESS. Tugs Sent to Aid of Craft Of San Pedro. LOS ANGELES, December 35.—An unidentified freighter was reported in distress near battleship row, off San Pedro, early yesterday morning. The ship had a heavy list and was fighting a 60-mile gale, the report stated. Tugs were dispatched to her | ald. wharscemlngioyen ) Cuats e s otns T R a}sge;{ Open at 8:30 AM. Every Banking Day _J]a.a. Capital $250,000.00 ?%% DEPT. gWe pay 3% Xmas stocking. »é‘ Columbia National Bank 11 F Street =i What to Do With Xmas Checks Qlnstead of frittering away your gifts of cash and Xmas checks, make them a source of further income by banking them in OUR SAVINGS Compound Interest on savings— give your money National Bank protection, think this over before “breaking into” your St 3% Compound Interest Paid on You can open a Savings this convenient Bank with a R §1 ‘ $25.00 to $35.00 Grades $39.50 to $49.50 Grades. . $110,$115and $ Grades. . The Sale You’re Expecting l 15 117 of Dresses THE LOUVRE F STREET The Sweeping Clearance Sale and Coats We Always Hold After Christmas Twice a year we have these stock-adjusting sales. You know from experience what to expect—and really the present event is quite without precedent in the importance of the offerings. ‘Every Street and Afternoon Dress Every Seasonable Coat .75 130 [ All $7.95 to $16.50 Felt Sp —All and only The Louvre’s stock, reduced to a degree that is genuine sacrificing—for clearance. Dresses in Four Groups $49.50 to $59.50 $59.50 to $75.00 CEades” o i oo Coats in Seven Groups $65.00 and $69.50 $145 and $160 Grades....... The $175.00 Grade..... - The $200.00 Grade. . We must decline to make exchanges or rafun-:h-——bacause of the purpooé in view and the depth of the reductions. All sales must be final. Opportunities Unparalleled < b 1 By ALBERTINE RANDALL |4 KILLED IN AUTO 00000 STRUCK AT CROSSING Three Sisters and Neighbor Crush- ed When Car Is Hit by Train. By the Associated Press. WASHINGTON, Ind., December 25.— Four persons were killed and another probably fatally injured yesterday when a Westbound passenger train on the Baltimore and Ohio Rallroad hit & small touring car near Sheals, ac- cording to information received here. The dead are: Bertha Chapman, Maggie Chapman and Mra. Flora Demond, sisters, and Mrs. Clarence Ritchie, a neighbor. Fred Chapman, driver of the auto- moblle, was seriously injured and was taken to a Washington hospital —_———— ‘Thackeray lifted his hat every time he passed the house in which he wrote “Vanity Fair.” Overstuffed Davenports and Easy Chairs Specially Priced During Christmas Week HERE at the Lifetime Furniture Store during Christmas week, we are featur- ing several good-looking sofas and easy chairs at temptingly low holiday prices, Graceful Karpen Sofa, upholstered in beautiful shade of $195 taupe brocaded mohair sofas are all Karpen make and there are only one of a kind in some instances. The few illustrated are typical of the values to be had this week, Karpen Easy Chairs of comfortable Chairs in several different upholsteries at prices away below their real value, Karpen Sofa, in beaver velour with ibl t hi reversible seat cushions $9 5 and outside back covered, Overstuffed Chairs Several Comfortable Kar- pen Overstuffed Arm- chairs, upholstered in V:lou. lpecl‘!lly priced o $59.75 Apartment Style Sofa, in small figure taupe velour with ma- $ 1 6 0 hogany finish buse. . Karpen Club Chairs A Cozy Club Chair, up- holstered in beautiful shade brocaded mohair or leather. $75 Pillowarm Karpen Davenport, in blue and taupe velour, re- $1 5 0 versible cushions Fireside Chairs Solid Mahogany Karpen Fireside Chair or Rock- er, in assorted velours, Lifetime Furniture Is More Than A Name: MAYER & CO. Seventh Street Between D & E Tupe Rl e \ &