Evening Star Newspaper, September 1, 1925, Page 17

THE EVENING STAR, WASHINGTON, NORTH CAROLINA FARMERS VISIT THE DEPARTMENT OF AGRICULTURE. Tillers of the soil from the section around Salisbury, N. C.. at the Department of Agriculture yesterday afternoon, being addressed Assistant Secrstary R. W. Dunlop. The farmers will inspect the farms of nearby Maryland and Virginia before returning home. by National Phote SEVENTEEN-YEAR-OLD GIRL WINS T2-MILE SWIMMING RACE. Irene Hesenius .being rubbed down by her trainer after the had won her victory in the 12-mile race from Charlestown to the Boston light. She established the first New England A. A. U. record for long-distance swimming. her time being 7 hours and 9 minutes. Copyright by Underwood & Underwood GERMANY T0 PAY TRUST LAW CASES | 'S SUGTRI0D WL BE PRESSED Year of Dawes Plan to Be | General Government Will Increased This Year. Act Swiftly. By the Associated Press DETROIT. September 1 eral Government is By the Associated Prass, BOSTON. September 1.-—The U States eventually will receive 19.651. 000 gold marks, or $4,678,000, of the 1.000,000.000 gold marks paid by G many during the first tion, of the Dawes Peace Foundation announced. The amount receivable by the United States during the second vear. which begins today, will be approximately 25 per cent larger. The Fed. repared to move and effectively against trade which violate the law hereafter. W. .. Donovan, assistant to the Attorney General in charge of[ swiftly associations vear of opera plan, the World anti-trust prosecutions, declared today in a prepared address before the As- tion of States’ Attorneys General. 2Mr. Donovan announced an end to Of the total sum, 4,343.000 marks, |the Department of Justice policy of or $1,034,000, has been paid to Bel- | waiting and said that trade associa- lgium by reason her war debt to|tions could no longer plead ignorance this country. In the Belgian budget |of the law’s provisions. that amount will more than cover the | P first annuity on that portion of the Belgian debt to the United States, as| agreed upon at Washington recently. | The rest of the rations receints | to the American marks, or $3,644,000, is rectly to this country through the Dawes plan machinery to settle the laims handled by the German-Ameri- xed claims commission at While most of these are determined, no provision for payment has been made by Con- gress. Germany has, however, re- quested the United States to reiease to its nationals the property held by the alien property custodian which has been refained as a form of se- curity. The receipts due from € many and this request foree: sideration of the matter by Coonzress, | GERMANY COMPLETES PAYMENT | Calls Situation Clear. “The plea of uncertainty c longer be taken advantage of by trade associations,” he said. “De- sions by the Supreme Court hav laid down their rights, their’ pri ileges and their limitations. Proper! read, those decisions emphasize also that the misuses of information to ef-1 fectuate contracts, agreements or un- | derstandings, or any concerted action through combinations which has the necessary tendency to destroy compe- tition through price fixing, restriction of production or other similar results. is unlawful, The course has heen charted. viations from the cou must meet the natural consequences followin npon conscious vielation of the law Mr. Donovan declared the assocjations had important work to do in the upbuilding of Industry, in | the standardization of produetion | b.|and in a general constructive effort, but he warned against pitfalls into ol e freedom’” granted by | 5. 1, Associated Press. iction of the law ! BUCHAREST, Rumania, September 1.—The Rumanian government has | officially notified the Amerjcan lega- | tion that its debt commission Is pro- ceeding to the United States at an jearly date, probably the beginning of | October, to seek a settlement. The members of the commission will | be named when the finance minister, Vintila Bratiano, returns to Bucha- rest about September 5. | Possibly the Rumanian representa- | tiv al the interparliamentary union conference at Washington will be civen powers to conclude a debt agreement, as there are financial ex- | perts among the delegates. It is understood that M. Bratiano originally intended to head the com- mission, but was dissuaded by Prince Antoine Bibesco, the Rumanian min- ister to the United States. Small &irls Drown While Bathing ATLANTA. Ga.. September 1 (#). "wo little girls were drowned yes- terday when they went bathing un- attended in a lake near Chamblee. DeKalb. County. . The children, Mary Brooks and Hattie Lusk, both about 10 vears old. left their clathing at throne in Montevideo, Uruguay. pay RUMANIA T0 SEND - DEBT ENVOYS SON i Parley Here to Open in Oc- | trade | - tober, U. S. Legation at De- Bucharest Is Notified. 60,000,000-Mark Balance Dire Is 8 mitted. PARIS. September 1 (#).—Seymour Parker Gilbert. jr., agent-gen: 1 for reparation payments, announced that the German Railway Co. has made payment of 60,000,000 gold marks, the | balance of the interest due September | 1 on its reparation bond This completes the payments due from German: said Mr. Gilbert, n the first year of the operations under the experts’ plan, which commenced | September 1 a vear age “In the total these payments have amounted to 1,000,000,000 zold marks, of which 800,000,000 were derived from | the proceeds of the German external loan issued fast Fall. The remaining 200,000,000 marks were paid by the German Railway Co. as interest on 11,000,000,000 gold marks of bonds, which it has given ynder the plan for | tics, the speaker added that that priv reparation purposes. |lege was “particularly susceptible of ““The railway company made its first | abuse.” He thought it was well to payment February 28, 19 the |apprise the organizations that the de- amount of 100,000,300 gold ma The | partment was watching such possible second payment. due September 1,|abuses closely, and was ready to act 3925, was in part anticipated during | pro 3} August, in accordance with an ar — — — - rangement made between the zeneral for reparation payments the railway company, whereby partial payments may be called for in advance of due dates, subject to discount ai | gold marks, thus completed the second which “the new {a definite const might lead Warns of Abuses. “Those interested in the develop- ment of trade associations.” he con- tinued, “* * * must be alert to see that association members in enjoying thefr new freedom do nat look upon that freedom as a license to indulge in the evils at which the law was aimed. In’ particular, there must be an avoidance of implied agreements or understandings as to prices and production such as characterized the so-called ‘Gary dinners, Suggesting “that certain privileges accordsd trade associations in the court decisions left openings for meet ings of trade association bodies f discussion of information:and stati: the smooth flow of ation deliv- eries and paymen “The amount paid today. 60,000,000 rep the rate of 6 per cent per annum, for | payment of 100,000,000 gold marks for the purpose of providing funds for . the water's edge. The bodies were recovered, MAILS BEING U D. ., D TO SMUGGLE DRUG TUESDAY, But the Post Office Department keeps a careful watch, and very litile dope gets through. William Staley of the department here bottle in a book and fal RATES TWO Bros 5 years a teacher in G celebrated the fiftieth anniversary of hi and the thirty-fourth anniversary of his ANNIVERSARIES. hows two smuggling methods—a e teeth containing powdered drugs. Copyrizht by P. & A. Photos. Rev. Aloysius P. orgetown College, who yesterday entry into the Society of Jesus ordination as a prie- Washinzton Star Phote SEPTEMBER 1, 1925. ARLINGTON NATIONAL CEMETERY IS THE SCENE OF A KLAN FUNERAL: Fifty Washington mem- bers of the Ku Klux Klan, heavily robed, paid tribute to James L. Mann, a fireman who was killed last Thursday in a collision of a fire engine and a street car. been held in Arlington National Cemetery. FOUR FORMER TITLE HOLDERS WHO ARE OUT FOR THE CUP AGAIN. This was the first time that a Klan funeral had ever Washington Star Photo These four golfers have served terms as national amateur champions, and now they are trying out their shots again at Oakmont, Pa Left to right: Jeste Sweetser, Francis Ouimet, Bob Gardner and Max R. Marston, THE PRINCE OF WALES ENJOYS HIS FIRST CUP OF TEA IN SOUTH AMERICA. Photograph taken after arrival of the heir to the British The prince has spent the last few months in travel, but his welcome in the South American city was pne of Copyright by Underwood & Underwood. the outstanding affairs of the entire trip. : EAST SIDE, WEST SIDE—BOTH SEE BRIGHT OUTLOOK FOR BUSINESS Bowery Commercial Barometers Predict Big Year as Demand for 15-Cent Beds Decreas Pawnshops Are By the Associated Press NEW YORK, you pessimistic September 1.—Are regarding the busi- ness outlook? Consider the lower | East Side. There optimism reigns. The commercial barometers, such as lodging houses, rescue missions and pawn shops, long watched by astute business men on Wall street, all in- dicate “continued fair” for the next several months. A reporter who spent 24 hours among the East Side forecasters was assured that the upward swing in the business cycle which started in 1923 had not ended. These forecasters base their calculations entircly on human factors as contrasted with the intricate mathematical formula of the professional economist, but it may be noted that the conclusions reached in this instance on the Bowery and in East Houston street agree with those of the most recent study by the Harvard Economic Service, widely recognized by the great industrial corporations. Natlonal and civic ‘material well being is being computed in an in- direct ratio to the activities of the East Side's checking factors. A weakened demand for the l3-cent bed houses, a slackened attendance at the missions, a reduction in the flow of intimately essential articles to the trading posts marked with three gilt balls invariably tell the market ob- server that a healthy labor demand | th: obtains not ony in local industries ¥ | Sey by | ha ch ho ed pel of th cu | but | which make the congested rivers on First, which streets districts. | school ornate delicatessens wheels offers tailors—$5,” (“splays labels from Bond street and #ufth avenue establishments. One enterprising merchant deals in alarm clocks only and has made a specialty of what a hand-printed sign asserts wakes two as easy as one.” and Less Busy. in the far-flung provinces from trickle the brooks of men to cond and Third avenues. Corroborative evidence is furnished markets | the teeming = pushcart line either curb on many in the congested tenement Not in many a long day turnover in this training for many of America’s mer- ant princes been so heavy, or the s the commerce handled been so varied. Food products seldom seen of id pre-eminent positions, in the Broadway but they have been supplemented. Carts load- with compacts of powder and rouge, with ready-rolled stockings of latest design and cargoes entirely of rfumes attest the purchasing power feminine workers. Perambulating book shops—most of the wares in Italian, Spanish or the Slav script— cater to the literary minded. A second-hand clothing store on “suits from the best and to prove its claim to be “the bridal clock— No estimate has ever been made of e volume of business transacted on rb markets. An indication may be derived from the attendance of 250 of e merchants last week at a dinner which cost §5 the plate. ZIONIST CONGRESS ENDS 7S SESSON Authorizes Dr. Weizmann to Form His Own Executive Committee. By the Associated Press VIENNA, September 1.—The four- teenth Zionist congress concluded its | session vesterday. After much wrangling the congress |authorized Dr. Chaim Welzmann, president, and Nahum Sokolow, chair- man, to form their own Zionist exec- utive organization. Several resolu- tions embodying the work and de- liberations of the congress were adopted. The resignation of Sir Herbert Samuel as high commissioner of Pal- estine was deplored and the appoint- ment of Lord Plumer to succeed Sir Herbert was welcomed. A strong resolution objected to the new immigration ordinance as ‘iin contradiction to the provisions of the Palestine mandate.” It urges that restrictions upon Jewish immigration into Palestine be removed. Another resolution takes issue with the appointment of the Palestine gov- ernment budget. Friendly approach to the Arab people in Palestine Is recommended. The congress urged’ greater facil- ities for visitors to Palestine by im proving quarantine and disembarka- tion conditions. It will create a tour- st department with branches abroad. - €Coprright by P. & A ANCODE MEXICD REFORM REURGED MAKES 115 DEBUT New Institution Will Mexico First Paper Money Since 1920. . September 1.—The Mexico. Mexican national bank of issue, comes official Iy into existence The bank will i backed by both goid and silver serves, although the new not tually will be gold certificates. government will retain 51 wer of the stock, for general subscription. {is capitalized at 100,000,000 (normally ~ $49,800,000.) Currency Now Scarce. Probably a fortnight will elapse be- fore the new paper money actually is in circulation. Bills are held in readiness for issue up to 10,000,000 pesos, but the first issue probably will be small. Mexico has had no paper money in general circulation since 1920 and little since 1916. Only gold and silver coins have been used, and the handicap of handling big Ibusine‘ns transactions by payments in | 3;:;."'»-» de the new \ today ue paper money re 2 The pesos metal coin have curtailed trade, ex- perts say. In addition to issuing paper money, the bank will assume the functions of the present Mexican monetary commission. It is authorized to han- dle re-discounts and do a general | banking business as well as act as |agent for the Mexican treasury. The |mew bank is not to be confused with | the National bank of Mexico. | There are two classes of stock—"A," |th2t held by the Government, ! “Bl" that held generall |1t is reported that sev. {will be appointed directors from among the “B” stockholders, among them H. D. Hutchinson of Mexico City, a British subject, manager of £l Aguila Ofl Co.; jowned Ferrocarril Mexicano, which is the Mexico City-Vera Cruz Raflway; Auguste Genin and J. M. Michel, both prominent French financiers, and Adolfo Prieto, Spanish industrialists. Bond Payments Due. The Mexican directors -will include Alberto Mascarenas, head of the new bank, former consul general and financial agent of the Mexican gov- { ernment in New York. A criticism of the new bank plan which is heard here is that the money which the government is using to start this bank of issue could have been used to pay obligations under the Lamont-De la Huerta agreement, whereby Mexico was to make certain payments to foreign holders of Mexi- can bonds. .There is now due a pay- meént of 35,000,000 pesos under this agreement, and at the end of 1925 another 40,000,000 pesos, or a total of 75,000,000 pesos, will be due. ational position’ of Power and Mechanical Engineering will be held in the Grand Central Palace, New York, the first week of December. - subscribed. | al forelgners, ;o yeting of grain there is economic | UPON GRAIN BOARD Give| Chicago Traders to Take Second Vote Thursday on Curb Upon “Futures.” By the Associ CHICAGO. of the Chicago Board vote next Thursday on vote authority for a eptember Membars of Trade will a resolution to new clearing | house for trade in futures contracts. ecretary of Agriculture Jardine, in | a letter to members of the hoard dated | Bertran Holloway, ant also British, manager of the British-| pa¢ ) | price cent | b offering thes remainder | The bank | { Secretary August 11, urzed the move as a step ‘““to prevent erratic and unwarranted fluctuations and to eliminate overspeculative trading and manipu- lation.” A traders’ committee, headed by Joseph P. Griffin, former president of | the board, in a circular letter to mem bers mailed last night, said that in the opinion of the committee failure to approve the proposed amendment would prove more distressing than any event in the history of the ex. change. Like Proposal Rejected. Several months ago the board of directors of the exchange rejected a similar proposal The traders’ committee made public Jardine’s letter of August It said “I have read the disappointing re- ports in the papers that the directors of the Chicago Board of Trade had turned down the proposal to establish a modern clearing house association. Recalling my conversation with you and other members of this organiza- tion, I had hoped. conscious of Its re- sponsibility, the board of trade would promptly adopt measures designed for the effective regulation and control of 11 and | fyture trading better than now exists. “It is regarded that in the orderly justification for the existence of futu trading markets. It seems to me, however. that if the requirements of commerce are to be made by the pres- arrangements. it is imperative appropriate steps be taken to prevent erratic and unwarranted price fluctuations and to eliminate over- speculative trading and manipulation Sixteen hundred members will vote on the proposition. Public Sentiment Aroused. “You are perhaps familiar with the situation which we face,” said the com- mittee’s letter. “There is danger of complete disruption of our exchange system. Public sentiment demands the change in the method of clearing trades. The Government has sug- gested it and has expressed disap- pointment over the delay. “Time for quibbling is past. Selfish interests and personal antagonism must be put aside. Every man must rally to the cause if he would fight for his exchange and for his own personal business. “Thursday is indeed a day of un- precedented importance in the his { tory of this exchange.” In the short space of 25 years the making of automobiles has grown from nothing to the largest manu facturing industry in the United States. i (