Evening Star Newspaper, September 25, 1925, Page 4

PRESENT G LATVAN BT PACT Seventh Agreement’ Made. Terms Are Similar to British Treaty. President Coolidge late yesterday afternoon signed the debt funding agreement between the United States and Latvia, which had been concluded sarlier in the day by the American Debt Commission and Dr. Louls Seya, Latvian Minister. The agreement, which is the seventh to be completed with the American Government, must be approved by the American Congress and the Saeima of TLatvia Terms are similar to the precedent- setting settlement with Great Britain, and provide for am tion of the Latvian debt of § 6. over a period of 62 years, with interest at 8 per cent up to 1932, and at the rate per cent thereafter. Accrued interest on the debt was figured at 4% per cent Option to Liquidate. One additlonal stipulation, how- ever, not included in the British agree- ment, is that Latvia has the optlon to llquidate the amounts due under the agreement on or before December 15, 1930, in part by semi-annual cash payments. To bring the refunded debt to round es Latvia agreed to pay In cash 76, leaving the total to be turn ed into bonds at § ,000. va, in connection with the an- ment of the agreement by the iry explained the situation in untry leading up. to the agree- “When Latvia proclaimed her inde- pendence on the 18th of November, 1918,” he sald, “while her territory was still under the occupation of the Bolshevist troops and the German ar- mies, her treasury was entirely empty and she had nothing but a strons na- tional will and consciousness of her just cause; she had to carry on a hard and enthusiastic fighting for the lib- eration of the country. Currency Stabilized. “When in the Spring of 1920 the Tatvian people succeeded in becom- ing free of the Bolshevist intruders and the German occupation corps of Von Der Goltz and could first start its reconstruction work, the country was entirely ruined and disorganized. “In the years following the libera- tion of the country, energetic efforts were made to organize the state and to create the proper executive depart- ments in order to meet the various re- quirements of the devastated country. Tn 1920, the Constituant Assembly was elected on the basis of universal suf- frage for citizens of both sexes and the constitution was elaborated declar- ing that Latvia shall be an inde- pendent democratic republic and that the sovereign power of the Latvian state shall be vested in the people. By compulsory limitation in state ex- penditure, by an observation of the strictest economy in all departments and an increased taxation the sta- bility of the Latvian currency was achieved. “Now the government of Latvia is energetically engaged in the great re- construction work improving the rail- way traffic and harbors and establish- ing industries, light and power plants. The main_economic assets of Latvia are her industrious, thrifty population and her advantageous geographic position, as she is the most direct and convenient trade route between Rus- sia_and western Europe. ow Latvia is in a position to meet her international financial obligations. She has pald off her debt to France and Norway and started funding of her debt of this country and to Great Britain. Latvia’s natiohal debt is about 10 to 11 million dollars, e.g., 5 to 6 dollars per capita.” FIRST FRENCH OFFER SO LOW AMERICANS HOLD IT RIDICULOUS st_Page) (Continued from Fi; will be formally presented. to the French commission. This contem- plates payments over a period of 62 vears, interest at 31z per cent for 10 vears and 3 per cent thereafter. The United States, moreover, is pre- pared to grant a moratorium or post- ponement of certain payments, Just a8 was granted Belging, but there Will be no cancellation of half the debt contracted before the armistice, as was felt nece: ry in the Belgian case hecause of the late President Wilson's surances to_that eff France is being given In writing the American reasons for rejecting the various proposals. The record is heing made clez that_the world know i a faflure just n Government made its propositions. And it can be said authoritatively that the United States will be able to prove that it has not asked of France terms that are as hard as France herself has made to other debtors in the past. Obligation Recognized. Several things have been established aiready in the negotiations, as, for in- ance 1. France recognizes her obligation to pay in full the war debt, which nounts to more than $4.000,000,000. And she has promised to pay that amount in 62 ve: 2. The United States Government not only is adamant on the payment of the principal in full, but will not go below a 3 per cent interest rate for most of the years of payment. 3. The American commission is ab- solutely convinced France has the ca- pacity to pa and that, therefore, America is driving no hard bargain. Naturally the question is askell as to how the agreement which is sought at this conference difters in value from the promissory note signed by France when she borrowed the money from America during the war. The answer is that borrowings made during a war usually have to be confirmed after- ward, You never have to worry about the temperature when Cabled for Interview Sees Wrangling Before Settlement. M. Calllaux, the French minister of. finance, was given a “tip” yesterday to the effect that the debt negotia- tions between his country and the United States will result Sunday or Monday in a tentative agreement leading to a settlement of the big problem between October 6 and 14. This settlement, however, is not due to be lasting. The “inside information” came from the prety lips of an_attractive blond young woman, Miss Belle Bart, direc- tor of the “American Academy of Astrology,” in New York City. She told the French statesman all about her convictions during a conference vesterday at the French Embassy. The engagement was made by M. Calllaux himself, according to a radiogram Miss Bart showed news- paper men, and which was signed, “M. Calllaux.” Miss Bart worked out her deduc- tions on ‘“a purely mathematical basis,” she explained after the inter- view. By delving for a few minutes into the mysteries of the zodlac she arrived at a remarkable set of con- clusfons concerning the French minis- ter's future, her press agent pointed out. Miss Bart sald she advised M. Cail- laux that up until Sunday or Monday the debt conferences are to be “‘any- thing but harmoniou: “There will be many differences of opinion, cul- minating now and then in sharp clashes,” she said. *“At times the dis- cussjons will be so heated as to seem hopeless. The reason for this will not be the indisposition or inability of the French to meet their obligations, but THE With Her on Results. rather the result of dogged insistence on the part of the Americans as re- gards certain detalls of the settlement. n the 27th or 28th n_tentat agreement will be reached, But which will be contingent on certajn informa- | tion to be obtained from some other | source—probably from some other gov- ernment indirectly invelved. This settlement will not be consummated | until some time between October 6 and 14, perhaps after M. Calilaux has re- turned to France, and even then the settlement arrived at will not prove to be of a permanent nature. De- velopments to arise later will prob- ably cause an aiteration of the plan that has been so laboriously arranged.” In her room st the Mayflower Hotel Miss Bart added a number of new prognostications to her list, one of them being that as a resuit of the brilllancy displayed by Calllaux in Washington he will be elevated to a “high post" by his government iy 1926 Miss Bart says that she held a siml lar conference with the minister of | finance at the Louvre in Parls last | August and at that time outlined to him the astrological conditions ruling his immediate future. He was so In- terested, she declared, that he radioed ahead from his ship for another con- ference, setting the date, time and place. Miss Bart's press agent asserts that his emplover predicted the round in which the Dempsey-Carpentier fight would end and forecasted the injury to the latter's hand. She doesn't un- dertake to predict earthquakes, world serles results or similar things not in- volving the stars, he added. CAILLAUX IS ADVISED THAT BETTER OFFER WILL BE ESSENTIAL (Continued from First Page.) bare the real proposal which had been laid on the American table. Following the question concerning a definite proposal, M. Caillaux was asked whether it was the maximum or minimum offer from France. “Ah,” he exclaimed, quickly. “T answered your first question. T do not answer the second.” Finds Americans Likable. ‘Waving his half-burnt cigarette in graceful gestures and stepping back spondents, M. Caillaux bowed, smiled and, in reply to another question, de- clared he had found the Americans most likable and full of “amity.” How the American commission had received his first “definite proposal,’ however, M. Calllaux sald he had not as yet been®informed. 1T wrote it on the boat coming over,” said the minister, “and read it two or three times to my colleagues. It met their general approval.” Likes Wine Best. Upon his remark that he was goin to the White House to dinner after- ward, M. Caillaux was reminded it probably would be a “dry" dinner. “Pity!” he exclaimed. “Do you like our water?” was the next question. “Yes, I like your water very much, but I like my wine best.” M. Caillaux intimated, however, that he was looking forward to the White House dinner. Afterward it was revealed that at the White House the question of debts had been practically ignored. Presi- dent Coolidge was host not only to both the American and French com- missions, but also to all members of the cabinet, except Secretary Work, who s out of the city, and Secretary Weeks who is ill. Congress Members Guests. Congress was represented by Sen- ator Borah of Idaho, chairman of the Senator Swanson of Virginia, ranking mittee; Chairman Porter of the House foreign affairs committee, and Repre- sentative Linthicum of Maryland, ranking Democratic member of the committee. Others attending were Acting Sec- retary Davis of the War Department, Undersecretary Winston of the Treas. ury, Myron T. Herrick, the American Ambassador to France; Everett Sanders, secretary to the President; Assistant Secretary Wright of the State Department, Count de Sartiges, counselor to the French embassy Willlam R. Castle, Arthur N. Young and Spencer Phenix of the State De- partment;- Count Jacques de Sieyes, secretary to, the French embassy: Robert Lacqur-Gayet, financial at- tache of the French embassy: Floyd G. Blair, adviser to the American debt commission, and Col. Sherwood A. Cheney and Capt. Adolphus Andrew: the President’s aides. During the afternoon yesterday, M. Calllaux, accompanied by Ambassador Daeschner and the debt commission from Paris, paid tribute to America’s Unknown Soldier, placing a wreath on the tomb. Brass Wire as Jewelry Fad. In East Africa the native women, especially those of the “flapper age,” have adopted- a novel method of adornment. They are using miles of brass wire which they are winding in fantastic fashion around their arms, necks and the calves of thelr legs. Eighty-seven tons of this brass wire was used by the natives last year for personal adornment alone. Many firms have taken to importing it this | year for that express purpose. tion or reduction has been passed by. Also, when the agreement 1s signed, the obligations now will be in the form | of negotiable bonds. These bonds can | be used by the American Government |in payment of indebtedness abroad or in the United States and can even be sold to investors in the open market. They carry & definite maturity date and interest rate, just like the Liberty bonds. ¢ (Copyright. 1928.) you have ARCOLA Heating. Dependable heat in ALL rooms alike. or kitchen. Does not need basement. Bumns any fuel. Makes a big reduction in fuel bills. Soon saves its price. Automatic control. Equally as efficient in offices, stores, etc., as in small homes and bungalows. Ten months to payl Ask your desler about the new low price. Send to us for (free) ARCOLA Book. NW. ot Water Radiator Hea!" and forth in the semi-circle of corre- | Senate foreign relations committee; | Democratic member of the same com- | COL. HALL ASSUMED DIRIGIBLE MOTORS FAILED, HE STATES (Continued from First Page.) His courage, honesty and ability was an inspiration to every man in his department. The enlisted personnel in his department were the highest type, and as to mechanical ability without a peer in naval aviation.” Chief Rigger Arthur E. Carlson testified that so far as he had knowl- edge all the gas bags were intact up | to the time the ship broke up. Only one cell came under his personal ob. servation, however. aw No Pressure. Carlson was one of the two men | whose duty it was to watch the ga cells. ‘He said'he examined tk when the ship was over-pressure | | height and that there was no exces. | | sive pressure on the cells. | Questioned by Comdr. R | Carlson sald he heard farme | scene of the wreck say that the storm | had blown down trees and leveled corn in the field. He testified also that he saw the electric 1 nearby town go off | the Shenandozh storm. While the ship was plunging down- | ward Carlson testified he saw the ef- fects of control wires running from the control car back to the rudders cutting through the frames at the { keel. Sparks were flying from the s where the wires cut through, Better Description Expected. Now that they have had opportuni- efully study eye-witness ac- and salient fighting the | bers of the court expect |to obtain throu + re-examination | of the survivor more comprehen- | sive picture of Just what happened] | from "the time the airship ran into the line squall over Ohio, about dawn | ptember 3, until she was de- 15 minutes later. s re-examination, begun late sterday, will go forward progres- sively until all the survivors have been questioned. Already one highly new bit of testimony bas been ob-' tained from Col. C. G. Hall, Army | observer on boerd the Shenandoah-- that the failure of two of the five en- | gines probably made more certain| the drawing of the airship into the vortex of the storm, through which | she could not live. i There had been no previous direct | testimony that the failure of these engines, one because of a cracked cylinder and the other because of a radlator leakage, furnished a possi- ble contributing cause to the disaster. Likewise direct testimony was ob- | tained to support the theory of Comdr. Sidney Kraus, that there was structural failure in the ship itself | before the control car finally fell. | Some early-formed theories were| that it was the breaking away of a control car that really caused the Shenandoah to founder. It has been more clea to be able | established, | | Goodman & Suss Clothing Fourteenth Street at New York Avenue —for Golf —for Business - 4-Piece SUITS 535.00 - up Of smart tweeds, cheviots, etc., that look and wear well :Prominent Specialist Expires | Boyi | east Jon an even | as the | water EVENING STAR, WASHINGTON, D. C, STAR READER TELLS CAILLAUX CONFERENCE WILL BE SUCCESS Attractive Blond Astrologist Says French Minister OR SAMLELB.POLE DS OFIFEGTION After Two Operations Fail to Save Life. Dr. Samuel Boyce Pole, 38 vears old, prominent ear, eye und throat speclalist of this city, died of septi- cemia In George Washington Uni- versity Hospital yesterday afternoon. He contracted the infection while operaiing on patient zbout three months ago, All avaflable medical und surgical skill had been employed in an effort to cure Dr. Pole. He underwent two operations, one for the removal of the ; gall bladder, and had a leg amputated | in another. The patient from whom | Dr. Pole received the infection is sald ' to have recovered. ! Dr. Pole was a spec on the staff ! a of the Episcopal Eve, Ear and Throat Hospital, and was also a mem- ber of the staff of George Washington Univorsity Hospital. He was vice president of the board of directors of the Zrofessional Medical Building, at Eighteenth and 1 streets. He was also prominent in Masonic circles, being a_past master of Naval Lodge, No. 4, F. A. A. M., and Orient Commandery, Knights Templar. Dr. Pole was u native Washing- tonian and was graduated from the medical school of George Washington University. He is survived by his widow, Mrs, Sarah Pole; a son, Samuel Boyce Pole, | 3d, and a daughter, Patricia Pole; by his parents, MF. and Mrs. Samuel e Pole of 216 Eighth street north- | brother, Russell Pole of Phila- delphta, and a sister, Mrs. John Me- | Kinney of Hobokén, N. J. | Funeral services will be conducted at St. James' Eplscopal Church, Elghth street northeast between B and C streets, tomorrow afternoen at 2 o'clock. Interment will be in Con- gressional Cemeterv. Masonic serv- fces will be conducted both at the church and at the grave. since that the rending of the great hull c: immediately after it had been brought up after an abrupt drop | of approximately 1,800 feet at the rate of 10 feet a second. Col. Hall said that for a time the ship then was nds at an angle of from to 30 degrees. Just what caused the sudden termination of the fall of the Shenan- | doah, whether it was a new rush of wind, the dumping of 7,000 pounds of ballast or some ather cause, still is to be developed Several issues only collateral to the inquiry introduced within the past day or two have been of such character as lr\_hnm chief public attentlon in the inquiry — principally whether ‘omdr. Zachary Lansdowne, the cap- tain of the Shenandoah, objected to making the flicht and whether he approved of the itinerary laid down by the Navy Department and based | partially upon his own recommend: tion. Col. Hall declared that Lansdowne had told him last July that it would be “foolhardy” to under- take to fly the Shenandoah to Min- neapolis during that month, because | of thunderstorms over the Mlddle West, but that the craft could make the voyage without difficulty in the late Summer or early Autumn. Detailed to Scott Field. Maj. Harold A. Strauss, Air Serv- ice, has been designated as assistant commandant of the Air Service Bal- | loon and Airship School, Scott Fleld, | el, but turning rapidly | n a clock, and that then | she went down abruptly by the nose | Comar. | Surgeon Is Dead UAYZHO DR. SAMUEL B. POLE. Pupils Enrolled In Schools Exceed Last Year’s Record Three thousand four hundred and eighty-five pupils have enrolled in the public schools since Monday, when the schools opened for the 1925-1926 term,. according to figures compiled today in the office of Asst. Supt. Rob- ert L. Haycock. The total enroll- ment at the close of school yesterday was 65,524, an increase of 1,452 over the fourth day of school last year. Of the total enrollment, the high schools have 12,311, the normal schools 771‘, and the elementary schools 52,442, MACMILLAN CRAFT SAFE FROM GALES Peary and Bowdoin, in Storim Area, Report by Radio to Capital. | Severe gales are whipping the northern coasts, where the MacMillan Arctic expedition ships Peary and Bowdotn are cruising, but both vessels are safe, the Peary reported today in a wireless dirpatch to the National Geographic Soclety The Bowdoin, after being out of wireless touch with the Peary for 48 hours, was located in a cove off the Greenland coast, near Godthaab, wait- ing for the gales to subside. The Peary is In the vicinity of Battle Harbor, Labrador. | | Some uneasiness was felt aboard | the Peary for a time because of fail- ure to establish rudio communication | with the Bowdoin, but this was ac- | complished last nizht and fragmen tary messages came through telling | of, the latter ship's safety. | Vast Farms Given Away. { Forty-one quarter sections of farm land have been given away to his rela- jtives by Carl Crofoot of Sheridan | County, Kans. The relatives are | brothers, sisters, nieces and nephews. | The land is mostly in Kansas, but some is in Colorado. The quarter sec. tions weré numbered and the relatives FRIDAY, SEPTEMBER 25, " $10,500 1925, FARM SALE FRAUD CHARGED IN SUIT| Riley Family Fights Foreclosure on Large Tract in Mont- gomery County. Special Dispatch to The Star. FREDERICK, Md., September 25.— Conspiracy and fraud are charged in & civil suit In the Frederick County Circult Court agninst ratification of the foreclosure sale August 1 of a Montgomery County farm belonging to the Riley family The tract contains avout 570 seres along the State highway about 9 ‘miles from the District. 1t was owned by Misses Blizabeth B, Hearriet C., Ellen R. and Smith Riley. sisters and brother.. Two mortgages were held by the Frederick Town Savings Institu- tion for $39,000. ~Theé farm was purchased by Harry D. Ninneman at §111 an acre, aggre- gating $63,000. It was alleged that the property is worth much more and that Ninuemun represented Waiter A. | Tuckerman, president of the Bethesda Bank: George Sacks, vice president; H. Latane Lewis, one of the directors of the Montgomery County Bank, and Thomas L. Dawson. s Isaac Lobe Strauss, Baltimore, and Otho Talbott, Rockville, represent the heirs; Thomas L. Dawson, Barnard Welsh of Rockville and Roger J Whiteford, Washington, represent Ninneman, while Jacob Rohrback and Marshall Miller, trustees of the “rederick Town and Savings Institu- tion, are represented by George Albert Pearre, near Dickerson. The heirs claim that when interest of the two mortgages fell due last March they were asked to meet it. On account of financial difficulties they were unable to pay the interest and consulted Dawson. It is charged that Dawson, Lewis and Miss Eliza- beth Riley went to the Bethesda bank and asked for a loan to meet the interast. The suit charges Tucker- man, president of the bank; Sacks, vice president, and Mrs. Lewls, a di- rector, as individuals, offered to pro- vide the amount desired, $3,000, if the Rileys would pay interests amounting to $1,000 for each $1,000 loaned for a period of three months. This was at the rate of 6623 per cent interest for three months, or at the rate of 266 per cent per year, instead of the legal rate of interest. 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