Evening Star Newspaper, September 15, 1929, Page 12

THE SUNDAY STAR, WASHINGTON, D. (., SEPTEMBER 15 1929—PART 1. WATCW AND CLOCK EPAIRIN R Clocks: Delivered - Guare BumsteadsWormSyrup *To children an angel of mercy.” Where irections are followed, IT NEVER Tesnite scarcity’ and enormous eost of SANTONIN, it contains full dose. Btood sixty vears' fest. Sold everywhers or by mail, 50 & bottle. Mat. C. A, Voorhees, M, D., Philadelohie Hair that sparkles ! No one-can deny the importance of BAGUE PARLEYS OUTCONE DUBIOLS Experts Themselves Unable to Estimate Real Re- . sults at Session. BY NORMAN CRUMP, Statistical Correspondent London Financlal Times. LONDON, September 14.—Now that the smoke and dust of The Hague con- flict have cleared away, and every one has had time to reflect upon the result, it is convenient to record the first im- pressions that it has left behind it. Two points must be faced fairly and squarely at once. The first is that very few people, even of those who were in a position to do so, really understood the calculations underlying ‘the Young plan and The Hague negotiations. The second is that for good or for evil, The Hague has lald before the world, on both sides of the Atlantic, a long-term problem which will have to be faced during at least the next generation. The Hague and the Young plan do not mark the solution of the reparations tangle. They nearly represent the con- clusion of an important stage in the post-war settlement of the world. As might be expected of the man whose name the Young plan bears, the plan was a brilliant attempt to reconcile the clalms of the nations, both debtor and creditor, interested in reparations. It was necessarily a compromise. in which sacrifices were demanded of all and granted the fact that its authors are financial experts, rather than poli- ticlans swayed by public opinion, it probably was the best compromise that could be obtained. Nor could politicians have done better. The early stages of .the work, represented by the drafting of the Young plan itself, had neces- sarily to be left to experts alone. Standpoint of Politicians. having the hair arranged in the style oOnce the Young plan was complete, best suited to the individual type.the expert gave way to the politician, Much of the effect is lost, however, or rather to the politician aided by his ~nless the hair is kept soft, abundant, oWn experts, for it was work done by lustrous, A million busy women and girls kilow the easiest way to keep the hair permanent officlals behind the scenes that alone made possible a settlement at The Hague. The politician, of course, took. a different standpoint to that of conference was & more’ vital matter for France, Germany and Italy than it was for England. To Gefmany it was indeed vital, for success meant both the evacuation of the Rhine and the substitution of the freedom and the lower annuities of the Ypung plan for the controls and higher annuities laid down in the Dawes scheme. To France, sucoess Wes also necessary, for wheread the whole of the Dawes annultles could be suspended in the event of an economic crisis, France's share of the Young annuities were largely uncon- ditional, and had to be paid by Ger- many in any event. To put the matter clearly, spot cash can be raised by France on the security of the uncon- ditional pact of the whereas no one would lend a nickel on the Dawes annuities. To Italy suécess was desirable, because the Young plan gave her a bigger share of the spoils. Attitude of England. England, on the other hand, was in many ways content to carry on with the Dawes scheme, though she was naturally anxious to get her troops out of the Rhine and to reach a general settlement of a kind that would stimu- late trade. But provided the at- mosphere remained fairly calm, she was in no hurry to replace the Dawes scheme by - the Young plan if the change-over meant that once more, as in the past, England had to pay the part of benevolent uncle to Europe. And the trouble was that this was just what the Young plan meant. Al- Jowing for the fact that the Young plan gave England an early but small bird in the hand, it deprived her in later years, of & large bird in the bush, and in general tied her down rigidly to the terms of the Balfour note, under which England agreed to ask no more from her debtors than she had to pay to her creditors. It is t;u;.ahll {rml.!':l‘s standpoint, Englan no_col 3 but ’{n is one thing to use the Balfour note as an argument for giving England more, and_quite another to deprive her of what she was already going to get according to her percentage share of reparations under the Spa agreement of just after the war. 'f"hnu were two other objections Eng- Jand had to the Young plan. The first was thate quite rightly, the Young an- nuitles are divided into two parts, con- | ditional and unconditfonal, the latter of which can be held up in event of an economic crisis in Germany. This is a very proper arrangement, but un- fortunately the experts went on to give the major portion of the conditional annuities to France, and to leave Eng- land_with the unconditional part. ~To this Mr. Snowden naturally objected, on oung annuitles, | in return for the continuance of a repa- rations in kind. In the end he won all the prestige and most of his actual claims. The :xact arithmetic of his success, I shall not attempt to explain. As I said orig- inally, few understand it, and even the rts who try to work it out often get it wrong. Try to calculate the pres- ent, value of a series of annuities rising and falling according to a sliding scale, and use as the basis of the calculations a rate of interest upon which no one can agree, and then end by wondering whether your opposite member has used an arithmetic lven&!. whereas you, urself have used the compound in- rest law—well after that you will be able to understand the arithmetical troubles of The Hague negotiators and to appreciate the exact way in which Mr. Snowden got his cash. Suffice it to say that the overlap between the Dawes scheme and the Young plan ylelds a surplus, which now goes to Great Britain, France and Belgium; that besides her share of the surplus, Great Britain gets guarantees amounting to $1,400,000 & year from France, Belgium and Italy, and that owing to mysterious adjustment of dates of payment, Great Britain gets a further $200,000 a year in a way which even the experts them- selves do not fully understand. % SA Klotz Wins Freedom. PARIS, September 14 (#)—M. Klotz, former finance minister, who has been serving a two-year prison term for swindling, today was given his condition ‘I’reedom, ‘The decree was published to- ay. Monday and Tuesday 1085’ OF EXHIBITS BLAMED ON HALL La Varre Charges Associate Took Matter Intended for Probe From Files. By the Associated Press. MACON, Ga., September 14—Wil- liam La Varre answered a cross-ex- amining question in the Hall-La Varre newspaper suit today with the state- ment that he broke with Harold Hall when his associate said he had removed exhibits intended for the Federal Trade Commission from International Paper Co. files. La Varre had been questioned closely as to when differences arose between the two men, who purchased four news- papers in the Southeast with $870,000 furnished by the International Paper Co. early this Spring. Hall is suing La Varre for equal operating control of the Augusta (Ga.) Chronicle; the Spartanburg (8. C.) Herald and Journal and the Columbia (S. C.) Record. 'l'he. witness said he “began to suspect Hall” when he got * close to - national Paper Co.” L Recess is Taken, “I wish to fix that time,” pursued George 8. Jones, attorney for Hlnll, ‘who has been cross-examining La Varre for 8 ok with. i “P broke wi m,” La Varr , “when Hall told me the rem: ::!g' didn’t have any exhibits in the. Federal Trade Commission hearing was because he and Hurlbut (W. N. Hurlbut of the International Paper Co.), got to the file and removed them.” Shortly thereafter one of the short daily me“:‘w“fi taken, Was resume n a few minutes-and La Varre was still on the sunuw:nder cross-examination when Federal Judge Bascom 8. Deaver adjourned the hear- ing unt!l September 23, After the session today, Hall issued a statement to the press in which he formally denied La Varre's charge. Various phases of the deals between LaVarre and the International and Hall, and the formation of the Pied- mont Press Assoclation were takep up by Jones, and the last subject upon which LaVarre was questioned today was that of changing testimony before the Federal Trade Commission, for use in the Southeastern newspapers. Explains Changes. LaVarre said he had made changes in his testimony before the trade com- mission relative to the Southeastern deals as transmitted to the pa) themselves. He said he injected for other designations in two places, and struck out Hall's name once. After l‘d"um. the questions, La- Varre said: “I wish to state this, that I made 700 to 1,000 changes in the transcript done for me by a nationally known stenographic agency, because the om- clal transcript and the stenographic re- port did not agree, and because the public was not interested in purely in- timate affairs. I had to condense the transcript. 1 changed that transcript at no place to_Mr. Hall . LaVarre said he expected the Pied- mont Press Association, a South Caro- lina organization, ultimately would have to,pay for this litigation. “Isn't it true,” Jones pressed, “that you have been paying expenses of this trial out of funds of the press as- sociation?” “I drew a check for a hotel bill here last week,” LaVarre replied. Questioned as to several notes which he signed, payable to the International Paper Co., and asked if he didn't know why all of them were not included in an agreement of April 27 which has been placed in evidence, LaVarre said he could not be sure about them. “I signed a lot of things that day (April 26)” LaVarre said, amplifying one of his anwers, “and put my head in a noose plenty. One more note would not do me any harm.” Grass Widow Wears Green. NEW YORK, September 14 (P Georgette Cohan has come back from Europe all arrayed in green. Very ap- propriate, she explained, since she is a grass widow. PEERLESS—Washington’s Busy Furniture Sto re—827-829 7th St. N.W. Formonths and months we planned this 1 Fe argaii which wouid be detrimen'al | CHINA CUTS HOLIDAYS FROM NEW CALENDAR Days of Humiliation No Longer to Be Observed by Order of State Council. The Chinese calendar, which had | threatened to contain more red let- ter days than black, to the detriment of business interests, has been purged by order of the state council at Nan- king, which announces the public holi- days to be observed in future. Christ- mas day is not one of them, though China has adopted New Year holidays in conformity with Western ideas. National independence day, or China's July 4, comes on October 10, with the birthday of Sun Yat-Sen on November 12. All Sundays throughout the year are to be observed. The feature of the new list is that China's farious “hu- miliation days"—amniversaries of sub- | Jection to foreign indignities, such as | the Japanese presentation of the 21 | demands—are missing. Considerable criticism has in times past been made that China observed more days of | humiliation than of jubilation. The | state council has corrected that matter, While October 10 is national inde- TWO Days Only stival. pendence day, January 1 is recognized | as the anniversary of the establishment | of the republic. | Because of the great shortage of labor, machinery manufacturers of France are mechanizing the industry. in perfect condition is with Danderine. the expert, for whenever the experts The first application will show you said, “I must make sacrifices and go | how marvelously it removes excesson compromfismg" until we can all get it ‘sparkle with new life and lustre. ) i : the point to which I can carry public 1t's so simple to use Danderine. Mr‘. opinlon with me and I must not, sacrl- you do is put a little on your brush fice the prestige of my country.” The each time you arrange your hair! The expert was guided mainly by questions consistent use of Danderine will dis- of arithmetic, the politician by ques- solve the worst crust of dandruff; tions of psychology. Soothe, heal the scalp; stimulate the wimscir in an Eavisus pocidon; un his T o o 7 apundant hair: aims and needs differed from those of " the representatives of other nations. doesn’t show. It makes the hair easy pi; argt task was one thrust upon him to manage; holds it in place for hours. y the supineness of previous British “Set” your waves with it and see governments, who had gradually al- how much longer they stay.in. lowed Great Britain to drift into the position of European doormat. He felt Danderine I'hl! England had to be rescued from | this position, even at the risk of break- The One Minute Hair Beautifier AT AL DRUG STORES = 1 und that security should be :;‘l:ngro’s well as the cash. The final | objection had to do with vexed ques-! tions of reparations in kind, lndfl“klnd. | in fact, largely meaning “coal.” Ulti-, mately, of course, all reparations and other international payments are mm‘!eI in goods, but this economic fact does | not necessarily mean that reparations to France and Italy shall partly be paid | in German coal, at a time when the British coal exporters badly need fresh markets. Here again Mr. Snowden was on strong ground. Opinion With Snowden. Mr. Snowden was thus in a position where he could sit tight d let the other players at The Hague do the thinking. He had British public opinion behind him, and he judged that he had | less to lose by a breakdown than had the others. So he refused to see Brit- ain’s share of reparations whittled down: he claimed a fair “share of security Two days of VALUE DEMONSTRA- TION—two days in which we will prove tc the public that PEERLESS will stop at nothing to interest new customers in PEER- LESS FURNITURE —PEERLESS SERV- ICE—and PEERLESS CONVENIENCE OF TERMS—read the specials below—come in tomorrow or Tuesday and SAVE!!! 245 '$49.50 Kitchen Cabinets of oak, with snow white porcelain sliding top; complete with glassware and all latest improvements.. . $9.75 9x12 and 8x10 Closely-woven Grass Rugs. Final clearance $59.00 Electric Vacuum Cleaners, standard makes. These are recon- ditioned, with all new parts. Guar- R & YR i $3450 Enameled S-pc. Dinette Suites, hardwood drop-leaf table and four Windsor-style chairs. 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