Evening Star Newspaper, May 23, 1929, Page 4

4 THE EVENING STAR, WASHINGTOX. D C,” THURSDAY, MAY 23, 19290 BORAH UGS CURG ONGALLLOAN-PT” _Unless Speculation Held Down, Idahoan Says. By the Associated Press. CHILDRESS, Tex., May 23.— Reece Barton will. be 100 years old on his next birthday, but he as_in actuality. near Childress. into the saddle. broom-tail yet!” d Presi. May 23.—Senator Wil- liam E. Borah, in an editorial in the June issue of World's Work, predicts | s world-wide money panic_un- less loans being made to stock market speculators are curbed. Senator Borah asks the Federal Reserve Board to make a public declaration on his proposal to abolish the daily ment plan of the Amerie stock ex- changes and sub- stitute the weekly or fortnightly sys- tem used in Eu- o] electric arc welding. cent harder than the rail itself. 3 Senator Borah. He points out that $6,000,000,000 has been put into the 11 money pot” by capitalists, menufacturers and _business houses with surplus funds, which can be loaned | and withdrawn within a few hours if | necessary. | “There can be no doubt that the dally settlement plan makes possible perilous, confusion and frantic stam-| pedes when anything in the nature of a panic is in the air,” Senator Borah writes. With daily clearings, the public can rush in at any moment and buy insanely; just so it can sell in a frenzy of fear. A New York Stock Exchange loan de at 10 o'clock may be called at noon or any time thereafter. A Lon- | don loan on the fortnightly plan can- not be called for two weeks, and the | interest rate is definitely fixed through | that period. “It would seem time for the Federal Reserve Board to comment on this fact and make some public declaration, even though it might stir up many of the specula Vault, tor leaders of bull operations to further denunciations of the board for interference with their glorious gam- bling drives. “A weekly fortnightly clearing or settlement p{ln should most positively cut down the duplication of the hand- ling of securities and payments, reduce greatly the number of flurries in money rates, and also diminish the borrowing on demand when rates have gone up to extravagant heights. * * * “Quite aside from the present gam- \Illm situation, the call money market in ‘Wall Street has become a direct menace to legitimate business operations through the world. It has sucked $6.- 000,000,000 into the pot called brokers' | loans, and that pot now completely| dominates the credit situation in two hemispheres. “Under the daily settlement rule, the lenders can call out this money the same day they lend it. Then the bor- rower, if piuched, will have to borrow elsewhere at whatever rate he is forced to pay. When this sort of thing runs into billions of dollars the risk of sta- bility of the money markets of the ‘world is obvious. Rug Men to Fight Tariff Raise. A delegation of Persian merchants from Newh:;;k f:y, r:.\.ldm:ud l‘:‘y tple proposed r import duty on orl- ental rugs, arrived in Wi airplane this morning the Persian legation over the best means of combating the increase. The visifo: led by A. Kiashew, came here at the n of the Persian government, Commerce 99.Year-Old Cowboy Breaks Leg in Effort To Break ‘Broom-Tail is still a cowboy at heart as well He is suffering with a fractured leg, crushed while riding a bronco on a ragnch where he is employed Commenting on his misfortune today, he said: “Just wait until I get back I'll break that Nickel Steel Rail Joints. For increasing the comfort of the traveler and lengthening the life of the rails, the dips or hollows at the points | where the ralls connect are fused by This melts the rall to & depth of one-eighth of an inch and fuses thereon & deposit of 5 per | cent nickel steel, which 15 nearly 50 per Friday In Our Main Floor Shoe Dept. Victory Arch Support debts. National Bank Capstal and Surplus, $650,000.00 Save Yourself Worry —as to the safety of your valuable papers, jewelry and keepsakes by giving them the protection of our Fire and Burglar Proof mems L SHOES tarift . to New York tOMOTTOW. Mrs. Hoover Brings Flowers to Mission On 23d Anniversary Combine Comfort, Style and Economy HONELL ASSALS DEBTSLASH PLEA Move to Get U. S. to Reduce Claims for Occupation Cost Held Entering Wedge. By the Associated Press. The movement to have the United States agree to a reduction of its claims against Germany for expense of the army of occupation if other allies agree to make a similar cut was denounced in the Senate yesterday by Senator Howell, Republican, of Nebraska, as an entering wedge to test American senti- ment in favor of a reduction of war He asserted the United States would be the greatest countries h occupation ch: loser, { Individual SAFE DEPOSIT BOXES are available at minimum rentals of $3.50 year. 3% Compound Interest Paid on Savings ALL SIZES because other all but collected army es, and said the move was against the best interests of the American taxpayer. Fess and Glass Comment. Senator Fess, Republican. of Ohio. said the American Army had remained on German soil at the express request of the other allies. and Senator Swan- son, Democrat, of Virginia, asserted that the Versailles treaty had provided that the expenses of the armies of occupa- tion should be paid by Germany before other obligations. Senator Howell detailed the debt set- telments made by the American Gov- ernment with its allies and said they were most generous. He declared that duce any claims France quickly would agree to a settlement of its debt to the United States, but otherwise further de- would result. ‘We have been most generous already,” Howell said, “and yet they call us Shylock. There never was greater generosity shown in the history of the world. “How Foolish Uncle Sam Gets.” “It isn't the money they are worried about in this attempt to have us reduce |our occupation claims. They want to | test, the sentiment of this country and World if this Government now refuses to re- | of Congress for reduction of thelr war | debts. “It is pecullar how foolish Uncle Sam | becomes when he gets on the other side. | Here on Main street he is the shrewdest business man in the world, but on the | other side how timid he becomes. “Now is the time for Congress to be steadfast and to present its utimatum | to Europe that we will not countenance | reduction of our generously made set- tlements.” e |DR. EMPRINGHAM RESIGNS | " CHURCH SOCIETY PLACE | By the Assoctated Press. NEW YORK, May 23.—Archdeacon | Joseph H. Dodson, president of the | | Church Temperance Society, yesterday | announced the resignation of Rev. Dr. | James Empringham, general counsel for the soclety. “Dr. Empringham has had to aban- | | don his activities on account of a seri- ous {lines Archdeason Dodshon sald. He said that Dr. Empringham has been in the West for several months on ac- count of his health. ,topover where you please on this tour Round the _{/\ EX-SENATOR’S DAUGHTER MAY OBTAIN DIVORCE Report Declares ; Huguette Clark Gower Planning Suit in Reno This Summer. By the Associated Press. NEW YORK, May 23.—The New York American says today that Mrs. Huguette Clark Gower, daughter of the late Wil- liam A. Clark, Senator from Montana, is planning to obtain a divorce at Reno. She was married nine months ago to William Gower, whom she had known since childhood and who had long been | | connected with the administration of | her father’s estate. ‘The marriage was at Santa Barbara, | Calif. The Gowers came to New York | and lived on Fifth avenue. Mrs. Gower is an artist and recently had an exhi- | bition in Washington. { The American says that Mrs. Gower | and her mother will pass the Summer at the Clark estate in Santa Barbara ;l;d that later Mrs. Gower will go to no. Faey Cfi‘(u—d{—b&-‘-bh# 01l wsplie= 5295 You may now go Round the World on your own schedule, stopping where you please, as long as you like and continuing on another Liner identical with the one on which you started. At every one of the twenty-two ports there is time for sightseeing during the regular stay of the ship. At those ports where you would like to visit, stopover for a week, two weeks or longer. This service offers complete free- dom of travel. Go Round the World in 110 days on one President Liner or take the entire two years allowed by your ticket. Every fortmight there is a sailing from Seattle and Victoria, B. C,, for ’ Yokohama, Kobe, Shandghni, Honf Kong, Manila and Round the World. Every week thete is a sailing from Los Angeles and San Francisco for Honolulu, Yokohama, Kobe, Shang- hai, Hong Kong and Maaila and thence on fortnightly schedules to Singapore, Penang, Colombo, Suez, Port Said, Alexandria, Naples, Genoa, Marseilles, New York and Boston. On fortnightly schedules these Liners sail from New York for Cali- fornia via Havana and the Panama Canal. You may go Round the World First Class, for $1250 which includes your transportation, meals and ac- commodations aboard ship. Palatial President Liners, they are steady and comfortable. Outside rooms with beds, not berths. Spa- cious decks. A swimming pool. Lux- urious appointments. A cuisine that is famous among world travelers. COMPLETE INFORMATION FROM ANY STEAMSHIP OR RAILROAD TICKET AGENT 604 FIFTH AVE. . . NEW YORK, N. Y. Phone BRY ans 3900 25 BROADWAY, NEW YORK, N. Y. Phone Bowline Green 3144 4TH AT UNIVERSITY, SEATTLE, WASH. DOLLAR STEAMSHIP LINE AMERICAN MAIL LINE 32 BROADWAY, NEW YORK, N, T. Phose HANover 7394 1003 cONNRCTICUT N. W. Phone Fresblin 69 "‘llhlf. ROBERT DOLLAR BLDG. . SAN FRANCISCO “Going Home" How often that phrase is repeated! Regardless of where we go ... or how long we stay away ... eventually our way lies homeward! 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The l'nlllp inmates of the mission’s home and puplls of its Bier by the promimence of thel uf ce of unexpected guest, went th tans. Good soles suj tendent, composed the re- cel line. omn house was held it afternoon in the five buildings of the Mission Center. B to EEE. Just in time for the Summer vacation, these well made tennis Sizes 5 to 8, 8); to 11, 11 te 6. Main Floor, Shoes—Sigmunds Girls’ and Boys’ Tennis Shoes! '79¢ the following items: home. of loss is reduced to a minimum. Capital, $3,400,000 BRANCHES: Central—7th and Mass, Ave. Northeast—8th and H Sts. N.E. ENJOY YOUR SUMMER VACATION Plans for a vacation must include a number of details, seemingly unimportant, but you hope to thoroughly enjoy yourdelf, so a little reflection will convince you of the seriousness of omitting any of Surplus, $3,400,000 A SAFE DEPOSIT BOX provides security for the valuable papers or jewels that must be left at TRAVELERS’' CHEQUES OR A LETTER OF CREDIT provide you with funds in which the risk YOUR WILL should be made and a competent executor appointed before you leave. These Services Are Provided by the /%MB]RECAN SE‘C‘URITT TAND TRUST COMPANY = 15th and Penna. Ave. Southwest—7th and E - Sts. S.W. Northwest—1140 15th St. NNW. WASHINGTON'S LARGEST TRUST COMPANY No dandruff now— this simplé way This simple way of treating dan- druff has been proved successful by tens of thousands—after compli- cated methods failed. Simply douse full strength Listerine on the scalp and massage thoroughly. Keep this treatment up systematically. You will be delighted by results. Dandruff is a germ condition which yields to Listerine because the latter is powerful against germs. Laboratory tests show that full strength Listerine destroys even the stubborn Staphylococcus Aure- us (pus) and also kills 200,000,000 of the Bacillus Typhosus (typhoid) germs in 15 seconds. We could not make such a statement unless we were prepared to proveit to the en- tire satisfaction of the medical pro- fession and the U. S. Government. Lambert Pharmacal Company, St. Louis, Mo., U. S. A. Simply Delighted Experienced shavers are simply delighted with LISTERINE SHAVING CREAM. So cool. So re- freshing. THE SAFE ANTISEPTIC LISTERINE kills 200,000,000 germs in 15 seconds « Overstufied Chairs Fiber_Chairs Porch_Chairs Coxwell_Chairs Unfinished Chairs Dining Room Chairs s o 7 RS 15 Kitchen Chairs. Were §1.50. ... 25 Unpainted Chairs. 14 Unpainted Chairs. Were $1.95 15 Bedroom Chairs, uph. seats. Were $6.50.. 6 Bedroom Rockers. Were $6.50 11 Bedroom Chairs, cane seat. Were $5 10 Oak Dining Room Chairs, leather seat. Were $5, $350 16 Walnut Dining Room Chairs, velour seat. Were b S ol $3.95 6 Walnut Bedroom Chairs, uph. seat. Were $10 5 $5 5 Boudoir Chairs, cretonne uph. Were $9.50.... 56.95 7 Boudoir Chairs, cretonne uph. Were $14.50....$9 9§ 5 Fiber Rockers, cretonne uph. Were $8.50 8 Fiber Rockers, cretonne uph. Were $15.. 3 Occasional Chairs, tapestry uph. Were $18 4 Occasional Chairs, velour uph. Were $21..... 4 Coxwell Chairs, in denim. Were $19......... 7 Overstuffed Club Chairs, in velour. Were $35, 519.50 2 Overstuffed Wing Chairs. Were $39............. 2 Royal Easy Chairs, imitation leather. IO . oo nios eBa bt s s e seibio dieie $19.50 3 Mohair Uph. Club Chairs. Were $35........ 7 Porch Rockers, oak. Were $3.50........c0uuu.. 4 Porch Rockers, maple. Were $3.98............§2, 6 Porch Rockers, maple. Were $6.95..... CONVENIENTLY LOW TERMS ARRANGED ~WRIGHT~ W. 905-907 7th St. N.