Evening Star Newspaper, January 1, 1925, Page 4

0MORE CHLDREN GUESTS AT PTURE See “Peter Pan” Through Activities of Columbia Thea- ter and Evening Star. About 200 more of The Star's little friends in the vario children's insti- tutions in Washington today began the new year in high spirits following their two-hour sojourn into “Never, Never Land” with Peter Pan at the Columbia Theater. The children were Ruests The r and the Columbia Theater management, the second of three groups selected to see the world- famous story by Sir James Barrie as produced in 10 reels by the famous Players-Lasky Corporation. Yesterday 231 Loys and girls from St. Joseph's and St. Vincent's Orphan Asylums, saw the production, and today's special au- dience on the mezzanine floor were com- posed of inmates of the Washington Home for Children, the Eplscopal Home for Children, the Jewish Fi Home and the Industrial Home School for Boys and Girls. One other institution, the Swartzell Methodist Home for Chil- dren, at 201 Rittenhouse street, was to have sent a delegation of 10 children, but their isolation from the downtown section the uncertalaty underfoot caused superintendent to postpone their visit until tomorrow Industrial Home School, with a of 80 children, headed the list the largest number present transported to the door of on special car of the Railway & Electric Co., vhich was waiting for them at the Eleventh and F streets spur when/ emerged from the theater. The Home for Children at likewise was dispatched on a special car which its cargo at Eleventh and total with They were the theater Washington Anacostia ward picked up ¥ streets, The Jewish Foster Home utilized several automobiles in making the trip to and from the theater and the | Washington Home for Children, with about children, who, despite’ their age, comprehended the movements of Peter Pan on the screen, were re- turned home in private automobiles whic brought them to the theater. Others to Attend Tomorrew. Tomorrow St. John's Orphanage at Twentieth and F streets will send 60 Lovs and girls to the theater; the Gospel Mission’s Children Home will be represented by 30;-the Swartzell Home by 10; the Washington City , 1739 Fourteenth ¥ 42; the Baptist Home for hildren at 904 Newton street north- east, by 34, and the German Orphan Asylum. Anacostia, D. C, 40, The foregoing, all of whom have been invited in the past to attend The Star's outing to Marshall Hall, will close the list Saturda; however, The Star's carrier boys will be given an opportunity to see the picture on its last day in Washington. Arrangements had been completed for staging special performances for the children next week, at which time | boxes of andy furnished by Brown. ley's ar dirigibles supplied by Chapin lIce Cream Company were to be distributed. A sudden call for the pict ‘Peter Pan” out of the city made it impossible to hold it over for another week and there- fore T Star’ guests were advised to come to the theater early in order to get plek of the sea In order | to avoid confusion, the Brownley candy sto nding out the boxes | direct to the various institutions and | the balloons will follow. | Plant 6,000 Vines a Day. From the Poputar Science Monthly. One of the most ingenious uses for the portable electric drill was demon- strated recently in the fruit growing tervitory of California, where a pair | of automatic augers operating from one motor mounted on a small truck | bored for 60,000 grape vines In ten days. This resuited in a saving of $400 a day over hand labor. Six thousand holes 3 inches in diameter and 18 inches deep were dug each day holes Welcome Change to Him. From the Boston Transcript. Saleslady—Really, madam, this evening coat makes an entirely dif- ferent woman of you. Madam’'s Husband—That settles it. Take it, Madge—never mind the price. S T explorer is now Honduras to A British on his Early arrivals at Columbin Thent CABINET OFFICERS SEE YEAR OF PEACE AND PROGRESS IN U. S. Work Recounts Solid Prosperity Industrially. Davis Says Labor-Capital Relations Are Im- proved—Other Optimistic Views. (Continued from First Page.) American people have a clearer un- derstanding of their obligations to their Government and to each other, bringing reassurance of national unity and safety. Nothing stands in the way of any citizen, no matter how humble, to climb to the very height of the ladder of success through la- bor, either with his brain or muscle. “The New Year is destined to bring an era of good feeling between na- tions unsurpassed in history, and our assistance tc nations less fortunate will contribute in large measure to our own welfare.” o Steretary Hoover's statement fol- ows: Start Year Solidly. “A forecast of the business future must be simply a weighing of the economic and political forces in mo- tion. The annual survey of the De- partment of Commerce shows that the New Year begins with economlc structure of the world upon 1nore solid foundations that at any time since the war. With the exception of a few spots of secondary impor- tance there has been during the past year a real advance toward social, economic. and political stability throughout the world “The only exceptions are Russia and China, which even before the war contributed less than 3% per cent of international commerce and, of course, a part of this continues. Generally the world is producing more goods, there is fuller employ- ment, there are higher standards of living, more assurance of economic stability for the future and more promise of peace than we have seen for many years. The world is by no means free from liability to economic shock, yet the forces today in mo- tion all tend to great promise for the forthcoming year. “In our own country the outstand- ing economic development of th year has been the very large recov- ery in agriculture after its two-year lag behind the recovery of industry. The farmers have a large measure of losses in the last three years yet to recover, but thelr outlook is encour- aging. There are some secondary difficulties still remaining, particu- larly (n the cattle industry and the effect of the subnormal corn crop; but the prices of all are gradually moving toward the general average of commodity prices. Price Levels Vary Little. “This improvement in prices of farm products has been paralleled with some decrease in the prices of many industrial commodities, such as fuel, bullding matciials, metals, etc. so that there has been little change in the average of all price levels, and thus the farmers' purchasing power is being remedied in both directions. “While there has been a good deal of adjustment in prices of single com- modities during the year, the average wholesale price of all commodities has varied but 3 per cent as between the ends of the years 1922, 1923 and 1924, It would thus appear that we are tending to the common level in prices of about 50 per cent over pre- war, which secems to represent at way to Britist study Mid-Seas least our present economic plane in on Sale Suits and Overcoats Don’t miss out on t his opportunity to freshen up your winter wardrobe at these reduced prices. Winter Suit Prices Reduced Group 1 Group 2 Group 3 Group 4 29.50 36.50 46.50 54.50 Winter Overcoat Prices Reduced Group 1 Group 2 Group 3 Group 4 Group 5 Group 6 Group 7 The range of materials is Select you 14th and ... 29.50 36.650 46.50 56.50 66.50 76.50 f styles and still large. rs today. (INCORPORATED) G Streets farm products | “The average wage In industry has been stable during the last year, and remains around 100 per cent above prewar, while the cost of living has maintained almost exactly the same level at the ond of each of the last three years, 1922, 1923 and 1924, about 72 per cent over prewar. Our labor, therefore, continues to enjoy the highest real wage In Its history. There was some unemployment in the middle of the year, but it has now been largely overcome. Industrial Output Maintained. “While there was some slackening of manufacturing production as & whole in the spring, due in part to the uncertainties of election and in part to reduction of accumulated stocks, yet there was but little slackening at any time in consump- ton of major articles as shown by the continued high levels of car load- ings, of sales of wholesale and retall establishments and of construction activities. The end of the year finds us with a recovered industrial pro duction at practically the same levels as a year ago. “Two Industries—textiles and north- ern soft coal—have lagged in recov- ery ‘The textiles are suffering in part from sharp competition of for- eign imports and in part from shift in national habits. An improvement may be looked for in the forthcom- ing year. The condition of the bitu- minous coal industry in the Northern States is unsatisfactory, owing to the unusually large stocks accumulated early in the year as a safeguard against possible strikes; to the de- crease in industrizl consumption dur- ing the middle of the year, and to the increased proportional production of he Southern States due to lower wage levels. The difficulties in this industry created by strike stocks and midyear dip in industrial activity should soon be overcome. “The construction work of the country has maintained high activity. While the shortage, particularly of housing and business buildings, due to the cessation of construction dur- ing the war, has been to a large de- gree overcome, yet continued high real wages and general prosperity create a demand in_excess of that due only to increasing population, be. cause of the Insistence of a popula- tion on rising standards of living, for more elbow room and better housing generally. Auto Eftect “One striking factor In mainte- nance of Increased construction a tivities is the effect which the auto- mobile Is producing In increasing the demand for road construction and in causing migration of population in many of our towns to new housing in the suburbs. Another effect of these forces is to maintain rents out of line above the general price levels. With our high real wages and little unemployment, there is no reason to expect any material change In the course of this Industry. “Our rallroads have shown con- tinued increase in efficlency during the year, and have now proved them- selves equal to any burden which is ltkely to be thrown upon them. Motor transportation continues to develop and to enter more and more into the vital economic life of the country— in fact, almost Imgerceptibly our road improvement programs are tak- ing on the complexion of new trans- portation systems. “Our foreign trade has shown con- siderable expansion during the year in exports, and some decrease in im- ports. The increase in export figures has been due in some degree to t higher prices of agricultural produce, though chiefly to general expansion in all_exports; the decrease in im- ports has been due in large part to lessening activity in production lines at the middle of the year, thus re- ducing the requirements for imports of raw material. The total of our exports for the year will show about $4,600,000,000 and our imports about $3.600,000,000. The merchandise bal- ance will be about $1,000,000,000 in our favor. The net goid imports for the vear in partial liguidation of this balance amounts to about $280,000,000. Tourist Travel Cited. “Our invisible exchange will show larger balances against us than In 1923 because of the greater volume of tourist travel, increased freight charges paid forelgn shipping and, above all, the largely Increased vol- ume of loans and Investments to for- elgn lands, which will probably amount to as much as one billion, as ;;{;’Inu one-third of that amount for “International trade in the world as a whole shows a larger movement of commodities during the past year than at any time since before the war. But International exchange of goods, measured in quantitles, {s probab still 10 or 12 per cent below pre-war, although the United States is unique among the large combatant nations in having recovered its foreign trade to & point 15 per cent to 20 per cent above pre-war on a quantity basis n Bullding. today, part of 200 children who xaw the picture under auspices of The Star. “One of the by-products hitherto of this lower movement of commodities has been the continued depression of shipping. With the general strength- ening of the economlic fabric of the world, with the gradual growth in movement of commodities which is now taking place, together with the fact that there has been but little new ship construction during the last four years, and that the existing shipping is becoming more and more obsolete, it is fair to expect a recovery in the shipping world. The usable surplus tonnage at the present time in the world {s probably not in excess of 2,000,000 tons, as against 4,000,000 tons a year ago. Tax and Debt Reduction. “The vear has again been marked by a decrease in Federal taxation and by a large discharge of Federal debt, which will amount for the year to something in excess of $500,000,000. “Time and demand deposits in member banks show an increase of about $2,800,000,000, and bank clear- ings for the year were higher than in 192 The gold reserves have not in- ceased, despite imports, because of the larger circulation given to gold cortificates. Savings continue at a very high rate, as indicated by the increasing savings deposits, the large absorption of bond issues, and the extraordinary expansion in insurance, thus demonstrating that there ha been maintained a high state of effi- ciency throughout industry and com- merce, with little evidence of waste, extravagance and speculatic “In fact, the most far-reaching movement in our economic life today is the larger understanding of its broad problems, the better apprecia- tion of the factors of stabllity, and the definita progress in the elimina- tion of waste, through more stable employment, through better adminis- trative methods and through the rapid march of scientific discovery That we are able to maintain wages at 100 per cent above pre-war, while the cost of living is 72 per cent and the average wholesale price of com- modities about 50 per cent above pre- war, is the very definite proof of in- creasing efficlency in production and distribution and of the free flow of competitive action. Dawes Plan Praised. n the foreign situation the settle- ment of the conflict over Gernman reparations through the Dawes plan, with its stabilization of German cur- rency and the German budget and the recuperation of employment and pro- duction in Germany, is having and will have a far-reaching effect upon the whole of Europe, and it has fa- vorable influences reaching to our shores. Great Britain shows consld- erable improvement in all phases of its economic 1ife. he commercial and industrial situation in France, Italy and Belglum shows steady improvement during the year. Some is belng at- tained in the toward re- duction of expenditure and Increased taxation, directe dtoward the better balancing of budgets and more stable currency. Poland has stabilized her currency. Jugosiavia, Finland. Serbla, Esthonia, Lithuania, Sweden and Nor- way show manifest stabllity in wconomic and trade conditions and steady progress over preceding years. The Netherlands, Denmark and Spain show some temporary depres- sion during the year, due to local conditions, which are improving. Austria, Rumania, Bulgarla, Hungary and Turkey do not show the rate of progress of some of the others. Rus- sla makes no real advance. A large part of Europe, however, continues dangerously overarmed, &nd cur- rencies are not yet upon that founda- tion of stabllity which will only be reached when they are placed upon a gold basts. Latin America Prospers. “The year has been one of steadily Increasing prosperity for the whole of Latin America despite thres revo- lutions. Our sales of export goods to this territory show an increase over the previous year of about 12 per cent. We now enjoy the highest trade with them in our history. “The conditions in Bgypt, South Africa, Kongo and other parts of that continent show steady improvement, with Increased productivity and trade. In Asla the situation in Japan marks the courageous upbullding from the earthquake disaster. China is much depressed by continued civil war. Conditions in India, in the Middle East, have shown a steady economic improvement and subsiding of polit- fcal and social agitation. “It has been suggested in some press quarters at home and abroad that the result of these favorable factors may be leading our country toward a period of inflation of the character of 1919-20 with its disaster of 1921. It can be assuredly stated that we are on the march of whole- some recovery from the war, and there is no present indication of in- flation. We securs inflation only when undue expansion of credit finds industrial problems peacefully, rather than have a bitter contest, unprofit- able financially and industrially to all concerned. “The American business genius and the skilled American craftsman are surely progressing toward the goal of peace in industry. The spirit of real co-operation and mutuasl good will shculd be the inspiration and guide in industrial relationship. So we are endeavoring to emphasize the fallacy of settling trade disputes after a period of idleness when the strike or lockout could have been adjusted through negotiation, which is the way the controversy is ultimately set- tled. Better Immigration Service. “While this has been a good year generally for American business and labor, the New York promises stlll greater progress, and 1 am confident that if we all work loyally its outlet in bidding up prices after the plant and labor capacity of the country is employed to the maximum Still Have Labor Margin. 'We have reached no such stage because there is still a margin of labor capacity for enlarged output in the form, however, of more full-time employment than from people out of work. As a nation our business men, bankers and public officials have gained enormously during the past four years in understanding of the baslc factors which create healthy prosperity as distinguished from over- expansion as well as in understand- ing of their rvesponsibilities in the matter. “Our Informational services are now upon &uch a basis as quickly de- tect dangerous currents, It might be added that a holiday season when any one might think about safeguards from overexpansion is infinitely more comfortable than one fraught with negative problems of repair of eco- nomic depression. “Altogether forces in motion both at home and abroad mark solid prog- ress toward peace and toward pros- perity for the coming year.” Secretary Davis' statement reads as tollows: Begin Year Confidently. “We approach the new year with confidence and gratitude. In no other country in the world has progress and prosperity reigned so generously as in our country. “The American worker has been very steadily employed at good wages and our business enterprises on the whole have been prosperous. “The Conciliation Service of the de- partment is being used more and more toward the prevention of strikes and lockouts by bringing the contending interests together into joint confer- ence, where wisdom and experience guide the conferees in solving their The officers and directors of the Mt. Vernon Savings Bank join in wishing you a year as happy and as prosperous as you could possibly desire for your- self and for those who are near and dear to you. JAMES E. BADEN WILLIAM R. BAUM ALBERT J. BERRES G. M. BUGNIAZET E. C. DAVISON R. GOLDEN DONALDSON CHAS. P. FORD OFFICERS: R. GOLDEN DONALDSON, Chairman of Board WM. MUEHLEISEN, President WM. H. JOHNSTON, Vice President WILLIAM R. BAUM, Vice President and Cashier ROBERT T. HIGHFIELD, Assistant Cashier HAYDEN JOHNSON, Counsel E. C. DAVISON, Vice President BOARD OF DIRECTORS: Savings N.E.Cor9€5 St. Opposite 'the HARRY W. HARN SAMUEL J. HNENRY FRED XEWITT EAYDEN JOENSON WM. XK. JOKNSTON DR. E. ¥. XOSS HENRY C. MOSES VERNON Bank WILLIAM MUENLEISEN X. GLENY PEELPFS B, L. RINEXKART CAPT. W. H. STAYTON A. . UNGERER H. 8. WALCOTT 0. B. ZANTEINGER NEW —Styles —=Colors —Trims —Fabrics —Straws NEW NEW morrow, a few day conception in Paris hours after their fashionable New York. Clearance And Velours Values, $12.50 . .. Anticipating the new Spring modes, these hats are offered to- after their and approval and faithfully we have a great and prosperous year ahead of us as o nation. The Immigration policy of the country is being -placed on a workable selective basis. We ars seeking to educate the allens who come here to Iive with us and becoms good citizens. To do this successful- ly we should be permitted to enroll the allens who are in our country— this to ascertaln who of them are end Joylng all the privileges of American Cltizenship and yet neglect to becoma citizens and bear their shara of rc- sponsibllities as the rest of us do, “Wo ghould also try In the coming vear to make Industry less dangerous to the life and limb of the worker, See that every worker has a place tq work under good conditions ployment. Every step forward along these lines will bring better and steadler production, thereby impros- ing business conditions, which mean substantial prosperity to all. is the promise of 1925 of em< Sonis Sold 6 1214 F St. N.W. Early Spring Fashions HA for the YEAR 'S of 50 Felts $3.00 few by a store at 8th and E Sts. corner of 8th. E T’womShopsi Place of One In the Oppenheimer Bldg., Corner 8th and E Sts, N.W. . In order to serve our ever increasing clientile more ef- ficiently we have made two stores out of one The Infants’ Wear, Knitwear, Novelty and Jewelry Depts. will in future be conducted by Brunschwig's the in the corner Oppenheimer’'s Work, Sewing Machine and Lamp Shade Depts. will be operated under the personal superv Sylvan Oppenheimer in the store on E street just off the ion of _To_ bring about this adjustment our Clearance Sale will begin Friday, January 2, at unusual price reductions. KNITWEAR SECTION Values $2'to $4.50. Each.. About 200 Men’s and Women’s: Knitted Scarfs. $1.00 Imported Pure Silk Scarfs, from Switzerland, for men and women. Values $7.50 to $1250. Now... $3.95 Sweaters, assorted styles and colors. Odds and ends. Reduced to.... $2.95 3 groups— Brushed Wool Sizes 2 Two-piece sweater and tam. tan or blue. Knitted Leggin Hand or machine made... Rompers. Assorted colors. Rubber Pants. Medium or large, pair Now.. Saque, cap and bootees. Flannelette Gowns trudes, Knitted Vests Hose, Pillows. Jewelry—Odds and ends. at 29c and. Crochet Wool—Lion Brand. Pale blue only. Eiderdown Wool. Assorted colors Silk Ribbons, yard. All remaining exclusive ers, etc ... High Grade, Plain and Fancy Pillows, Sachets, Boudoir Sets, Flow- Sweaters, Knitted Dresses and Suits. Values from $7.00 to 1250 All our High-grade Knit- ted [f)reuess and Suits, rang- ‘ing from $15 to $25, now ... $9-75 Knitted Wool Petticoat: Assorted ?ol~ $l.00 ors. At' INFANTS WEAR Our entire stock of Winter Coats. Sizes 1 to 6. Assorted into $2.95, $4.95, $7.90 Sets, consisting to 6. $3.95 value * $2.95 $3.95 . 98¢ Infants’ All-wool Brushed Sweater Sets, consisting of sweater, leggins, cap and mittens, in white, Sizes 1 to 6.. Three-piece Knitted Baby Sets. At 49 Cents Flannelette Kimonos, Flannelette Ger- (single and double breasted), Pants, Knitted Unfon Suits, Hand-knitted Caps, Silk and Wool Hand-knitted Hose and Bootees, Knitted Kapok-filled Sateen 2 assortments— $-ounce balls...... rench Art Needle Work, such as /3 to 42 Off BRUNSCHWIG’S E Sfitreelr:.r Corner 8th