Evening Star Newspaper, December 17, 1929, Page 36

86 * THE EVENING STAR, WASHINGTON, ~ EXPECTS BUSINESS VIELANCE IN 193 prehension lest some units of local gov- ernnient undertake more public im- provements than are prudent for them. This apprehension applies enly to such counties, towns or Btates as may al- ready have raised taxes to an extent From Old Feud. IR GRAIETONN 81 Eh U e, PIKEVILLE, Ky., December 17 (#).— A Taulby, Frank and Noah Newsom 3 BROTHERS ARE HELD. Charged With Killing Resulting Lodge Unveils Memorial. brothers, were arrested Saturday night| |at their home at Robinson Creek by | WHITE PLAINS, N. Y., December 17 |local officers on a charge of killin 20, and his brother, Alvis, 18, w!!el wounded in an_exchange of shots with | C. Newsom, and his their cousin, C. brother-in-law, Sherman Taylor. Kenis Mitchell, who was killed Sat- urday, was the brother of Andy Mitch- ell, whe killed Taulby Newsom's father about 10 years ago, officers said. A preliminary hearing for week. o the three | Christian ‘Herald Association announced | mén ‘arrested will be held early this| Sunday that its second annual award |17 * (P).—Augustino Sandino, DECEMBER 17, 1929, prohibition law” and because of his part D. C., TUESDAY, SMITH WINS MEDAL. in negotiations looking toward a merger —_— of the Congregational and Chflnhn | Congregational Church Council | Churches. | Moderator Lauded for Work. 2 3 | NEW YORK, December 17 (#)—The Sandino Now in Yucatan. MERIDA, Yucatan, Mexico, December former | for aistinguished religious service will be | Nicaraguan revolutionist and outlaw, is | made to Fred B. Smith, moderator of |!iving quietly in a country house on the s i Bolivia Accepts Border Proposal. By Cable to The Star. . MONTEVIDEO, Uruguay, December 17.—The long-standing dispute between Paraguay and Bolivia over possessior. of the Chaco Boreal territory moved a step nearer solution Sunday when the Bo- livian legation announced acceptance of the Uruguayan proposal that Fort Bo- queron be turned over to Paraguay by Bolivia at the same time that Parngunyl completes reconstruction of Fort Van- FOR RENT Downtown Rooms Suitable for office and light manufacturing purposes. $15 and Up Le Droit Building 8th and F Sts. NW. Regular Equanimity Forecast Before Next Industrial Year Passes. () —A memorial unveiled in Kensico Ke_;}rfils N#tchell, 1‘)3i At b e Newsoms tol e sheriff they Cemetery by Kane Lodge of Masons Is | ™, " ¢ defense, the officer said symbolic of travel and exploration. | According to their story, they were re Among members of the lodge are|turning home from Virginia when they Comdr. Byrd, Sir Hubert Wilkins, Don- | met Mitchell. who opened fire on them. ald MacMillan and Anthony Fiala. Ad-| The Mitchell killing followed a gun miral Peary was a member. | fight Priday in which Caleb Newsom, guardia and delivers it to Bolivia. Paraguay is expected to reply favorably to the Uruguayan proposal. The two countries are scheduled to renew diplo- matic relations this month, after a break of more than a year. resulting | from clashes between troops in the border territ Bolivia Names League Delegate. | ;. national Council of Congregational outskirts of this city with his wife, their By Cable to The Star | Churches and a lay evangelist of White <mall child and three members of his LA PAZ, Bolivia, December 17—The | Plains, N. Y. Presentation will be made | staff, who came with him into exil Bolivian Minister to Switzerland, Al-| here Saturday. | He seldom visits any one, but sometimes berto .Cortabellas, hes been designated | The announcement sald that Smith | goes to the interior of the state, whers permanent delegate to the League of |will get the award because he had|he is said to be interested in buying Nations. “provided a bulwark of support to the!land suitable for cultivation, i Apply JESSE L. HEISKELL 1115 Eye St. N.W. BY MARK SULLIVAN. | Co-operation toward business stabil- | ity will continue to be a major activity | &t Washington until well into the new | year. The recent appointment of an| | executive committee of 21 business leaders will be followed by the an- nouncement of a broader general com- mittee of 50. This larger committee will meet soon after the holidays. It| will complete the structure designed to kcegw‘ business on an even keel. rt of the work of the groups already organized has consisted of col-| leciing data and judgments about the possible duration of the period of re- duced business speed. A summary of these 18 to the effect that by April the | slack will be taken up. Chairman | Julius Barnes has spoken on one occa- sion of “the next few months.” Onj| another occasion he said with appar- ently ' de¥berate conservatism that “conditions would regain their regular equanimity before the year (1930) is| out.” s The phrase “regular equanimity” can be taken to have a special meaning. In America regular equanimity does not mean business as good as the year pre- | ceding. It means more than that. It means business exceeding its previous records to the degree that is normal in) America. There is in America a pace | of expansion applying to'business in general which can be illustrated by the | rate of increase in the Government's| own operations. | Multiplied by Ten. | Some days ago, when the late Senator | Warren of Wyoming, chairman of the| committee om appropriations, died, a contrast was pointed out upon which different comments were made, some of doubtful accuracy. It was recalled | that when Warren came to the Senate, | in 1890, the annual Government ap-| propriations were about $400,000,000. | When he died they were about $4.000,-| 000,000. That is to say. in about 40 years the Government operations were multiplied by 10. i In the midst of much surprised and some critical comment, one of the | ‘wisest men in the country declared the | expansion was normal and wholesome. As he put it very roughly and with de- liberate picturesqueness: ‘“In_America you should add a zero to the figures of every growing institution or business about every 40 years.” This very rough Tule-of-thumb is, of course, subject to many exceptions and was meant to be more dramatic than liberal. The truth behind it is that practically every busi- ness man thinks of his business in| terms of constant expansion. Always his comparisons of this year's business | with last year’s is expected to show in- crease. To show mere equality is a dis- eppointment. American business is| geared up to this point of view and| commonly Ijves up to it. What has happened during the past few years is that the pace of expansion ‘was greater than normal. What is ex- pected during the next few months, let | us say to about April, is that business records of the new year should about equal business records of the past year. ‘What is expected by the close of next | year is that business will have resumed What Chairman :Barnes calls its “regu- | lar equanimity.” That is, business will | begin again to live up to the rule of annual increases over the preceding | year’s record. Business will enter a new riod of the expansion which in Amer- ca is the normal condition. Still Some Concern. _ ‘The program of stabilization being directed from Washington -has not yei, fully covered all the areas. of. possible stability. There are still fome. spots $10.00 Delivers It! that gl}re‘em::m. 'fl;;r: is,o‘kilou;ev‘;r.f a complete change in mood of the Toen leading the, work. The business . ; , _ oS SR SR SN 2 leaders coming to Washington have 7 e, : o 3% S I S ¢ . " * 8 4 1 L completely lost the manner of concern d 5, ¥ = = ™ and hurry that characterized several of the groups five weeks ago. It is plain that any anxiety about a really formi- dable business recesslon has dropped from them completely. There is no longer any sense of dealing with a grave emergency. Their present mood is one of unhuzried attention to such spots as still need tafe. They are con- fident that the most-pressing part of their work is over. They are confident that all their work in the ordinary sense will be over within a few weeks. ‘Thereafter their function will be merely that of seeing that things go smoothly. ‘They are confident that the ebb of busi- ness next year will be slight compared to 1920 and 1921. 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