Evening Star Newspaper, April 15, 1929, Page 25

FOREIGN EXPERTS “DISCOVER” U3, Dr. Gay, Director of Ebo-_ nomic Bureau Survey, Tells ! of Their Findings. A new “discovery of America,” made within the last six or seven years by foreigners coming to our shores, is re- ported by Dr. Edwin F. Gay, director of research of the National Bureau of Eco- nomic Research, in the preface to a book prepared by the bureau for a com- mittee headed by President Hoover. Foreign experts, singly or in groups, official and unofficial, technicians and others from every walk of life, have ex- amined the national economic scene, and their reports on the situation, al- though in some respects highly con- troversial, seem in the main to agree, according to Dr. Gay, on the following definite aspects: Unrivaled natural resources. The relative searcity of labor and pre- vailing high wages. . Progressive development of ~labor- supnlementing machinery. Mass production and mass con- sumption in our great domestic market. The high premium on management and organizing capacity. The improvement of industrial re- lations. The open-mindedness of American management. The dominant national optimism and energy. Reasons for Advancement. These things, the foreign critics and observers find are the reasons for American progress and our present-day | world leadership. The viewpoint of travelers of a much earlier period, Dr. Gay finds, has a| marked similarity in describing the | spirit of Americans of those days and the characteristics which still are ap- parent in many respects. | A century of our economic history Dr. Gay notes, reveals certain periods similar to our experience since 1922. Four periods of advance have occurred, two accompanied by new gold dis- coveries. All show marked advances in exploitation of national resources. Each period contributed notable inventions and methods for supplementing human labor, and each saw an increase in wages. In each expanding markets led to changes in marketing and credit organizations, and even more conspicu- ous changes in factory organization and the magnitude of enterprise. ‘Throughout all the four great waves of advance, says Dr. Gay, and even in the troughs between, there always has been “the upward movement of forceful effor; and optimistic ambition.” Fun- damental conditions remain “substan- tially unchanged,” and there is an underlying likeness even in “the suc- cessiv> vialadjustments of economic growth.” He Sees Change Now. Going On. We have always, says Dr. Gay, been charged with wastefulness of our na- tural resources .as well as of human life. “That we should permit the rate of accident and crime to remain so m higher than in other civilized nations may spring from the reckless forcefulness with which we have a tacked the difficulties of expansion, he indicates. Signs of change are ob- served in the conservation movement : and the “safety first” slogan; and there is indication of another fundamental change in the newer slogan “stability.” While there are many likenesses to previous phases of prosperity, there seem now to be new developments—new approaches to problems, Dr. Gay in- dicates, The unprecedented utilization of power and its wide dispersion by au- | tomobile and tractor is a new addition to our resources. There is new pro- fessional spirit in business, which springs from and entails. recognized social responsibilities. Strength of Structure Cited. With the general increase of wealth, there is a new development in the tend- ency of the worker to particivate in property ownership and to share in | management problems of production, | New heights have been reached in the | great corporate development of busi- ness enterprise and there is apparently a | new public and official attitude toward | this development. Of reccnt growth, | too, is the strength and stability of our | financial structure—both governmental and commercial, Dr. Gay statés. As now constituted other than Presi- dent Hoover, the members of the com- mittee are Walter F. Brown, Renick W. Dunlap, William Green, Julius Klein, John Lawrence, Max Mason, Adolph C. Miller, Lewis E. Pierson, John J. Ras- kob, A. W. Shaw, Louis J. Taber, Daniel Willard, George McFadden, Clarence M. Woolley, Owen D. Young and Ed- ward Eyre Hunt, secretary. The research work of the national bureau was made possible through grants from the Carnegie Corporation of New York and the Laura Spelman Rockefeller Memorial. OPERA PAYS WAY. Ban Antonio Shows Profit for Last Two Years. SAN ANTONIO, Tex. (#).—For two years grand opera has been staged in San Antonio without financial loss. A profit of $4,800 was made the last season. Business men were guarantors for the operatic season, which included presentations by the Chicago Civic Opera Co. Last year there was surplus of $2,700. trait of Your Suit Looks Fine ““And it's not in the pressing alone—although’ they've cer- tainly put back the shape and White House Courts, Unused Since 1924, Reopened for Play ‘The White House tennis courts, scene of the famous - “tennis cabinet meetings” in the - velt administration, were 'in use Saturday for the first time since the death of Calvin Coolidge, jr., . The younger son of former President Coolidge died of an infection resulting from a heel blister which developed in & game on the courts. President Hoover does not play tennis, his only exercise on the White House grounds being with the medicine ball each morning, but, at his invitation, several members of the administration played on the courts yesterday afternocon. They included Secre- tary of State Stimson, Assistant Secretary of State Francis White, Comdr. Monroe, the President's naval alde; Dr. Joel T. Boone, his personal physician; William War- ner, Assistant Secretary of War for Aeronautics, and Dr. L. L. Rowe, director of the Pan-Ameri- can Union. STUDENTS RUN REFINERY. NORMAN, Okla., (#)—A 250-barrel ofl refinery provides a laboratory for students of petroleum engineering at the University of Oklahoma. work in oil company plants during Summer months to gain practical ex- perience. The new refinery, a gift from manufactgrers, will be operated exclusively by\ students in making straight-run gasoline. A derrick has been constructed for study of ofl recovery by natural and artificial means. WE PAY | of the country. tion. OR MORE Saturday on your savings . | 919 Ninth The Favorite Stockings of Popular Stars of ,Iollywood Bessie Love portrays her loveliness in this exquisite evening gown which she wore at the l‘,ol Angeles premiere of * “The Broadway Melody” A Metro-Goldwyn-Mayer talking, all-singing, picture. playing at the lines into it. But there’s a new look about the fabric. .. it has freshness....nap ... feel . . . the essence of mew- ness.” ¥ Be kind to your suit—Have it dry-cleaned often. $1.25 We Call and Deliver Phone Lincoln 1810 CARMACK Cleaners and Dyers 18th St. Office, Col. 636 “Por that well-dressed feeling” * Columbia Heretofore students were forced m: ,i Our Loan Plan l Makes Possible Your ] Home Now —is the most liberal in this part | | to our members at the best pos- sible terms. Come in, let us ex- piain our plan to you. No obliga- Open daily 9 to,§ NATIONAL PERMANENT | BUILDING ASSOCIATION (ORGANIZED 1890) | Just Below New York Avenue 1 Under Supervision U. 8. Treasury COLONIAL AIRWA 70 CHANGE HANDS Aviation Comqrat'ion Mov&# to Acquire Control of Stock, Chief Announces. By the Associated Press. NEW_ YORK, April 15.—Control of the Colonial Airways System, holders of the original Government air mail contracts, is expected to pass shortly to the Aviation Corporation it was made known yesterday by Graham B. Grosv- eror, president of Aviation Corporation. He sald a contract embodying ex- change of stock has been made with a committee of Colonial stockholders and that completion of the transactjon was contingent upon the Aviation Cor- poration acquiring not less than 51 per cent of the stock of Colonial Airways Corporation which controls three Co- lonial pperating companies. These are Colonfal Air Transport, Ine., Colonial Western Airways, 1 d Canadian Colonial Airways, Inc., The system em- braces a mail and passenger service tween New York and Boston, New Yorl and Montreal and Albany and Cleve: Ia Aviation {orporation, a $200,000,000 holding and development company, re- ently acquired control of the Fairchild lation Corporation, the Universal Avi- ation Corporation and Curtiss and | Roosevelt Fields on Long Island, which |are to be combined into one flying | eenter. Another announcement said the Em- bry-Riddle Co. of Cincinnatti, Mid- western air mall and passenger trans- ‘We loan jnoney We Have Financed until noon Street N Derberichd’ TWELFTH-<F 8TS. Free Tickets to the “Columbia” To the first twenty women buying Silk Hosiery *As You Like It” at our store tomorrow we will give a free ticket to see “The Broadway Melody.” In Tune With Fashion Choosing the correct colors for Spring in beautiful silk stockings will be a real pleasure if you choose from our complete stock of— HOSIERY “As You Like It” rnlon. will be added to the 'm‘ com| controlled by the Aviation n. The cement said the Embry- Riddle Co. will be taken over by the Embry-Riddle Aviation Oe?wnunn which will file a charter of incor- poration wtih the secretary of state of Delaware today. Training Centers Planned. ‘The Embry-Riddle Aviation ation plans extensive expansion -of opera the announcement said. 1t plans to establish flight traini centers in cities in Ohio, Kentucky ane neighboring States. One of three proj- ects, it was announced, is the organi zation in Cincinnati of an “air uni- versity” to specialize in advanced mercial flying instruction. SEEK OCCUPANTS OF AUTO Arlington County Police Investi- gating Wrecking of Machine, By a Staff Correspondent of The Star. ARLINGTON COUNTY COURT | HOUSE, Va., April 15—The police were | today seek! the identity of the occu- pants of an automobile that Friday | morning falled to negotiate a turn at Pickett’s Hill, on the Wilson Boulevard, and turned over, It was demolished. . The automobile bears Maryland tags. ‘Police have ‘been told that a man got- out of the wrecked machine, entered another that was behind him and pro- ceeded toward Washington. HOOVER ACCEPTS POST. Will Serve as Honorary President General of Flag Association, . President Hoover has accepted the position of honorary president general of the United States Flag Association, a ling to an announcement made by Col. Jumes A. Moss, president gen- eral of the association today. In accepting the position President Hoover succeeds President Coolidge as honorary head of the organization. ———— On account of inclement weather “Elegance Without Extravagance” today all special sales for King’s Palace Day will be continued Tuesday. Perberichd TWELFTH=F ST8. Willed to Widow. LYNCHBURG, Va., It 15 (8 cial) —The will of John E. Glnnlw):ey‘, dated January 12, 1917, has been pro- bated in the ition Court here, 2 gmml estate valued at upward of $1 ,mfl being devised to his widow, Mrs. Mary B. Gannaway, who qualified as executrix in bond of ST Y. Man and Monkey Compared. Man’s brain attains its maximum eas pacity at 30, but a monkey's brain reaches its greatest weight between the 2ges of 2 and 3, and after that remains stationary. - WELCOME DAUGHTERS AMERICAN REVOLUTION In Hythe, England, with a popula- tion of 8,000, not & single case of drunk- enness - was reported last year. Something for Your Home Everybody—Everywhere Should Own a GOVERNOR WINTHROP DESK Ba's 1108 Connecticut Ave Phone Potomac 410 Opposite the Mayflower Hotel “Elegance Without Extravagance” Tuesday--Very New-- DRESSES md_ DRESS ENSEMBLES On the 3rd Floor Sorority Salon Vivid proof that Berberich’s have cap- tured the knack of presenting style at its brightest at prices appealing to those to whom price is a consideration. Here are all the new fabrics, all the new styles and the newest features for late Spring and early Summer wear in col- orful fabrics treated with the most scrupulous attention to details. Really very distinctive coats, in nearly as many styles as there are pieces, make up this smart group. Misses, 1420 Tuesday—-in_the Sorority Salon Berberich’s 3rd Floor Women, 36-42 and Women’s and Misses’ SPRING COATS REDUCED for Immediate Clearance Coats that we reprlczd from original $25.00 to $29.75 models, now— 23 Coats that were excellent values at $35.00 to $39.75, now— $33 Coats from our brand-new stock that sold for $45.00 to $49.75, now— $38 C;)nts ’h} thl:m group :fi-e ‘ copies of im origini SSg.OO to 5 $65.00, now— Coats that are copies of Lanvin, Patou, Vionnet— repriced from $69.75 to $79.75, now— Sizes for Matron, 44-51