Evening Star Newspaper, September 2, 1926, Page 22

“ 10 GOLD MONEY New COIflS. Minted in U. S., . Replace Paper Used 25 | Years—Loan Unneeded. ., Guatemala, a republic of Central America, which equals in area the Btate of New York, has just accom- plished an unparalleled financial feat in stabilizing its currency and placing it on a gold basis after 26 years of fluctuation and depreclation, and this without a loan, either foreign or do- mestic. The President of the republic. 3 Jose Maria Orellana, and his of finance, Senor Carlos O. Zachrisson, have been receiving con- gratulations from every part of the world, and much credit is also given to Senor Don Franclsco Sanchez La- tour. the Minister from Guatemala L n, who purchased the gold and silver from this Government, selected the design for the new coins and superintended theeir production by United States mint in Phila- ussing this remarkable achieve- patemalan Minister said: ion of the money of more than a quar- - of fluctuation and de- preciation, was accomplished in the following ‘manner. The first consid- eration was that of revaluation, and this was done by adopting a new unit, the value of the American dol- Jar. Then followed the amortization of the depreclated paper money at an mrbitrary rate. Next a reserve fund was created with the object of pro- tecting the paper money during the perfod previous to its redemption and Rmortization, which of necessity was A slow and extremely delicate process, This reserve fund was accummulated through various taxes on imports and luxuries, such as governments gen- erally do during wars or other na- tional crises. Export duties made the bulk of it, and there was also the profit which accrued to the Guate- malan treasury through the minting of the silver. “Not a single centavo was obtained through any variety of loan. The funds which became available through this em of taxing were handled by © specially created bureau called ‘La Caja Reguladora,” and such excellent work did these officlals accomplish that the very day the new currency Jaw went into force the money of the yepublic hecame stabilized and of a fixed value. When a coffee planter sells his crop he now knows to the last cent what he will receive for it, while in the old days he sometimes faced ruin because the fizures quoted when the crop was sold ied so greatly from those in force when it for exportation. The new is protected by a reserve fund of more than 40 per cent of the gold and silver coins now in the treas- ury besides those in circulation. The old “billets,” the paper money, are now being exchanged at a rate established by law. and new bills representing gold and silver coin in the national | treasuy or New York drafts are in brsk circulation. “Since the recent adoption of the new curre law the government of Guatemala established the new central bank, which ix to be the only bank of issue for the next 30 vears. The capital for this institution has already been many times oversub- gcrived by the citizens of the republic | and by hbusiness men of other na-| tlonalities living in the country. It is almost impossible to describe the | UNDERNOOD UNDERWOOD. Above: New $20 gold coin of the new currency of Guatemala. Lower: Reverse side of coin. avidity with which Guatemalans re- ceived the gold and silver coin. Un- Ilike Americans whom I read not long ago were unwilling to use silver dol- 1 the people of my country are overjoyed at the idea of having gold and flll\er money flg’lin and the prob- Quick, safe, sure relief from painful callouses on the feet. Atall drug and shoe stores DrScholls Zino-pads Put one on—the Dain is gone SUNDAYS September 5, 19 SPECIAL THROUGH TRAIN Via Delaware Ri ver BmI'e Eastern Standas Leaves Washington 12:01 AM. Returning, lfin:,l'.’& Carolina Ave. ta on sale two days preceding Yeursion at. Cits; fn-\m omce. val dg.. Sond Cnion' Siation. Pennsylvama Railroad Rich Milk Is a Whole Meal in Itself Did you ever stop to think of how much you rely on milk as a part of the day's diet? Call for Simpson’s (Walker Hill Sold by grocers Dairy) Milk—you'll like it. and delicatessen— and served at Tunch rooms and fountains A 'A“flfll Milk “Walker Hill Dairy” 530 Seventh Street S.E. Phone Atlantic 70 INSTITUTION Nowlorh Genuine Velour Hats That Fashionable Women Continue to Favor for Every Smart I In a very special purchase group Friday! THE style prestige of the velour hat thi Sponsored by questioned. nformal Occasion! 750 season is not to be the leading Paris couturieres and endorsed by discriminating women, this charming vogue has found a place for itself in between-season hat, the perfect the world of fashion, as the in- complement to the late Summer frocks or the early Fall costume—io the soft, feminine mode or severely taflored fashion. COURSE, a velour hat is not smart because it happens to be velour—the new velour hats follow entirely new treatments, crowns are invariably draped, brims rolled, in new ways, trimmings adopt & touch the glorious new Fall colors do as very smart. of the informal, and, of course, their bit in stamping these hats Sand, beige, honey, Chanel, jungle green, sailor blue, rose, gray, black Small and large head sizes. Millinery Shop—Street Floor THE EVENING STAR, lem is to have them accept the paper equivalent. The paper money. of the past 26 years was of a poor texture, and its tattered condition soon caused much inconvenience and delay in ex- change. The new paper money Is stronger. Even the tiny silver 5-cent plece is received with joy, and the Guatemalan has no objection to load- ing himself down with silver dollars, 60-cent and 10-cent pleces., though they are called ‘quetzales,’ and neither pesos nor centavos, terms which pre- vail generally in Latin America.” The new coins of Guatemala have la distinctly American origin, in that {the metal was purchased from the United States Government, minted in one of its national establishments and the design was drawn by s Clarke Noble, an artist, who spends his time half and half between Washington jand New York City. “Senor Sanchez selected the present design from many submitted. and all the coins, gold ones of $20, $10 and $5 denoml- natfons, are alike, and the silver coin of $1, 50 cents, 25 cents, 10 cents and 5 cents are reproductions of the gold. This was done for economy, Guate- malan authorities being determined 4 WASHINGTON, to save every avalilable cent in their new venture. The Coln shows on one side the emblem of freedom, the quetzal, a species of glorified wood- pecker, with a tail which would put the bird of paradise and the peacock | to shame, and with a vivid red breast more lurid than the macaw’'s or the American cardinal’'s. This bird has | never been known to endure captivity. When taken by hunters and caged it | never survives jtbe experience. A na- tive of the deep forests, which prevail | in Guatemala, this beautitful bird is fast becoming extinct, and it was to perpetuate its memory and perhr-s to protect the remaining specimens that the bird has been named as the national emblem representing liberty of the most untrammeled kind, a dis- position to solitude and meditation and physical beauty of the most ex- alted character. The quetzal builds its nest by drilling straight through the Selected trge, in order that it may go in and out without breaking its tail, which is very long and of most lustrous green and golden feathers, and of which it is inordinately proud. But as it usually selects a tree in an advanced stage of decay, its depreda- J' FASNION IN‘TITUTION MNademoiselle s Smart Fur Lined Coat For College Towwn &° Sports .« Mademoiselle goes every- where in this Jelleff Original Sports Coat of smart - English Tweed. Lined with Squirrel Tinted Kid. ColYar is of Cross Kit Fox. A particularly individual and vouthful model for miss or vouthful ma- tron. 69.50 " Other Distinctive ¥ Gher Lined Coats 6950 to 16500 | e ——————— 4 MISSES' ‘COAT SALON THIRD FLOOR S 1 A FASNION INSTITUT,((ON * Pari Smart Is This New MISSES’ FROCK. SHOP THIRD FLOOR Mademoiselle enters School in this chic Ensemble ed with con trasting Can- ton Crepe. Featuring the Tucked in front Blouse, the Peter Pan Collar and smart Belt Chanel Red, for eMlademaiselle 2500 to 9500 €. tions in the forests are not resented. Senor Sanchez regards the ecoins as of exceptional grace and beauty and symbolic of Guatemala's nationa: | aspirations. The bird of freedom is seated on a pillar of stone on which |18 marked the date of the adoption of the present constitutfon. On the reverse side is placed on a scroll of |the wusual classic type the date | when the country achleved its inde | pendence and became a member of the Latin American republics. The {laurel wreath and the various sym- bols of justice, equity and other acteristic virtues are finely wrought. The first colns were distributed about a month ago. The Guatemalan Minister, who has played such a leading role in this re- markable financial transaction, counts his service as Minister from the republic only since May 23, 1922, but he has in reality been a member of the Washington corps at various and prolonged intervals since 1908. Senor Sanchez is a coffee planter and has that industry at his fingers’ ena and is one of the expert advisers oy his government on this problem. e The Junsor < NMass feels uncon- sciously smart in this Jelleff Individual Coat of rich Derona with Natural Kasha lining. Collar is of Leopard Cat. For Dress, Sports, Town or Motor wear. Burgundy Red and Jungle Green. 39.50 Other Smaxt Coats for the Fumdor Niliss 2950 to 15090 THURSDAY, SEPTEMBER 2 1926. DOG THAT BIT 4 PERSONS FOUND TO.HAVE RABIE U. s Experts Examine Collie of Miss Doris Bailey—Three Others Bitten, Reports Show. Examination by experts in the Bu reau of Animal Industry, Department of Agriculture, of the brain of a dog that bit four reported to the police yesterday s havi shown the animal was suf fering from rabies. The collie, pet of Miss Doris Bails 21 vears, 2807 Thirty-sixth place, hibited fastened in the rear yard to be treat- ed and observed, and Saturday morn- ing it bit Andrew Lawson, occupant | of the Thirty-sixth place house, on the left hand. Shortly afterward, according to a police report, Counselman, street, 12 years, 3641 Fulton J‘ 'A‘NIDN ING'"TUTION Youth Will Be Smartly Served In This New Fall Coat JUNIOR COAT SHOP THIRD FLOOR 5- A FASHION INETITU',I{ON Season In This New Frock JUNIOR FROCK SHOP . The feels very much grown up in Jelleff’s adaptation of Chanel’s new Crepe de Chine Frock with its smart double-tiered pleated skirt. Vestee and pipings are of contrasting color Crepe de Chine. Ruby Red, Jungle Green, Ma- rine Blue and Navy. 25 .00 Sizes 13 to 17 Other Smart Trocks for the Junior eNfliss 1975 to 2050 | street, it bit him i ments, while William Counselman was | y persons last Saturday | igns of being sick and was | the animal bit William | on the left leg. Still later Miss Bailey was bitten and when the dog| Three additional instances of per- was taken to the office of 1 I. M.!sons being bitten by dogs were re Cashell, veterinarian. 2115 Fifteenth | ported by the pollce vesterday. one of Miss Batley and An ln..—m belng lu[hvm n Frank Kopk |drew Lawson were treated by Dr. J.|man of the ninth precinct. The othe: J. O'Malley of the Toronto apart |were Mrs. Fannie Gaskins, colored, < 6 L 625 | Burke, 13 vears | southeast. A — TN ———— treated by Dr. . W. Montgomery Sixth street southwest S A FAMDN “Y!TW‘ON Six Days More! The Winter Coat Sale! Savings of 10.00 to 30.00 on your Winter Coat— (or possibly even more) Splendid Selections! Beautifully fur-trimmed All the Newer Coat Modes AS previously announced, our August Coat Sale has been extended up to and including Saturday, September 1l1th—because of the fact that deliveries scheduled for August were considerably delayed by the serious strike in the coat industry, and because it is the ngid policy of this house to keep faith with public at all times. New shipments are arriving constantly from those of our manufacturers who have come to terms with the union and, therefore, there need be no disappointments. You may select your Winter coat now at the price originally scheduled for August only—and at considerably less than post-strike prices. Four Big Price Groups Four Big Price Groups Each and every coat at a big saving and a straight 15% discount on all model coats from 165.00 upwards—but only until Saturday, September 11, Larger and Taller Women Women's ) Misses’ ( Little Women Third Floor. ¢ Second Floor Indispensable to a Happy Holiday! GOLD STRIPE Silkk Stockings That Wear! TAKE a bo of Gold Stripe silk stockings with you on Your weck end and be assured that you will be smartly stockinged at ail times The Gold Stripe indicates ‘that these stockings are ;,‘ntel[nm»( —that no run which starts above the Gold Stripe can pass it. That's a comfort you will want on your vacation. Style 808—The new Gold Stripe Stocking—sheer enough for beauty, strong enough for wear. The Pair, 1.95 Box of 3 Pairs, 5.70 Style 389—Chiffon, silk to the top. The choice of discrim- inating women for formal wear. The Pair, 1.95 Box of 3 Pairs, 5.70 No Waiting Tomorrow 38 Colors 38 Styles All Sizes Silk 1009; pure—absolute protection from garter clasp rans! Hosiery Shop—Street Floor Smart New Luggage For the Holiday Week End! Takes Very Special Sale Prices! NEW HAT BOXES, in lizard grain fabrikoid, tan, blue, red, grey and green in the color range, and excellent quality lining—can be used for hats, shoes and small accessories. FITTED OVERNIGHT CASES, in lizard grain fabrikoid, fitted with a six-piece toilet set of Imitation pearl. Tussah silk lining and shirred side pockets Available in grey, blue and tan. One of the most popular numbers of the season—an exceptional value at tomor- row's price. 6.50 Luggage Shop—Street Floor Timed Exactly to Meet Your Holiday Needs! A Clearance of Bathing Suits " In Two Great Groups That Represent the Greatest Savings of the Season! 114 Suits 2.95 Formerly 5.95 to 13.95 THIS group are included the balance of all our taffeta suits— N l the very smart printed silk suits, and the popular Jantzen one- plece sults in a wide range of colors. Even if vou already have a bathing suit, you owe it to yourself to get a new one at this price. 60 Suits Formerly to 2.95 1 00 N IMPORTANT group of the popular knit jersey one-piece sufts in a wide selection of colors and color combinati The kind of suit that is always good Sportswear Shop—Fourth Floor