Evening Star Newspaper, December 29, 1929, Page 39

* CHICAGD, BROKE, MAY CALL DAWES City in Worst Finance Tangle of History—Silas Strawn Attempts to Aid. BY OLIVER SHERWOOD. Bpecial Dispatch to The Star. CHICAGO, December 28.—This ecity g.y yet find itself impelled to call upon famous financier and diplomat, Gen. Charles Gates Dawes, to give it one of famous plans for financial salvation. Germany’s tangled money problems, which the former Vice President set | sbout solving without a qualm, were | gcarcely more intricate than ' those which right now are bothering Gen. Dawes’ home town. This time, how- ever, a fellow townsman of the present Ambassador to the Court of St. James, Bilas Strawn, is to take a fing at the Tole of “rescuer.” At the moment creditors of the vari- Qus governing bodies of the fourth Iargest city in the world are crying for their money. Banks are very wary about extending further credit. They Jook with such disfavor on the mess in which the city finds itself that the word “bankrupt” frequently is used. Heroic measures have been required merely to meet pay rolls. In fact, Ber- lin's recent financial squabble, which attracted world attention, was & small change matter compared with Chicago’s troubles. Eat Up Advance Revenue. Already anticipated revenue for near- two years in advance is eaten up. blic works are virtually at a stand- 8till so far as the city is concerned. The streets have been permitted to de- teriorate into an almost impossible con- dition. So “broke” has the city been | that tremendous business losses were | piled up simply because it had no money with which to clean up its side streets, ©or even main thoroughfares, following the recent’ blizzard. i Chicago voters are sitting back and rather enjoying the spectacle as poli- ticlans and officials scratch around for cash. They have reached the conclu- sion that the present crisis is the result Qf official mismanagement, considerable Ppolitical grare<_1 a good deal of whole- sale feeding at the public trough. So of late every opportunity afforded voters o knock over a proposed bond issue or to harass a politican has been taken advantage of. Lop Police and Firemen. Decision of the finance committee of the city council to cut 780 policemen the local force and to lop off 200 firemen from the rolls, along with the struggle to find cash with which to| pay the city's teachers, all are indi-! cative of present conditions. ‘“rescue committee” headed by Mr. wn, who is chairman of the board of Montgomery, Ward & Co. and & leading attorney, which is called upon %o pull the town out of the financial mire, will find the following conditions eonfronting it: Between January 1 and March 1 the city, county, school board and sanitary district will require $27,000.000, and be- | tween March 1 and Augus. 1 an addi- | tional $80,000,000, with no one quite @ure where the cash can come fiom. The city’s corporate fund is in this Posttlon. Tax receipts for 1928 and | 929, uncollected, are estimated at $74,- 947,000, once they can be gathered. About 10 per cent of this amount- is eaten up at once in interest. has $72,965000 outstanding in war- Tants issued in anticipation of taxes. I8 has dug $10,000,000 more out of the treasury with ts, has $3,000,- 000 in unpaid bills and $6,000,000 in | The situation4s such thab banks sre to take additional tax antici- pation warrants. The interest rates on | Tecent tax warrant issues are excep- tonally high because of the condition in which the city finds iself. | Mr. Strawn has explained what the | elty’s bankers and business men want to do. They are willing to loan their experts to help the city work itself out ©f the present situation, and their of- | ders have been accepted by the county | and the sanitary district, but scorned by the city. | “The committee was created,” Mr. | Strawn declared, “because it was real- ized that we had outgrown a system of taxation created 80 years ago, and be- eby impolln{ the people an enormous annual super-burden of interest charges, then spending the money a year before it :“53.' e:mecud,m and the hi:uuu to limit Tesources, become in- tolerable. “This custom, followed for a num- ber of years, has resulted in such an accumulation of floating debts and defi- | cits in the funds available for public yurposes that our public officials seem umable to function.” The committee, working with experts, would investigate and propose changes in laws of taxation and administration in such a way that the public could keep an eye on conditions and “be as- Sured that the money it pays for taxes is economically expended for legitimate | Public purposes.” At present Chicago voters are of the &Inlcn that their troubles grow from fact that tax money has gone in | §00od measure for other than legitimate | Public Judgments against it which.are unpnm.k I INDEPENDENT INDIA | DRAFTIS COMPLETEDE Resolution, Urging Boycott of | Legislatures, Awaits Action of | Nationalist Congress. By the Associated Press. | LAHORE, Indla, December 28 () — | The working committee of the Indian | National Congress yesterday adopted a | resolution sponsored by Mahatma | Gandhi, Nationalist leader, declaring | for & policy of independence for India. No modifications were made in the the executive, and it will now go before the congress pr-_fl:. which opens tomorrow. Tesolution urges boycotting of the central and provincial legislatures, & campaign for non-payment of taxes and civil disobedience where considered Decessary. Amendments which had in view the boycotting also of the schools and the Iaw courts were turned over to another committee. It is expected the Nationalist Con- gress will adopt the resolution. If so, it means the Nationalist section of Indian opinion will abstain from participation in the round-table canference in Lon- don which is to follow upon publication of the Simon statutory commission’s | recommendations on Indian constitu- tional reform. HEDRICK IS RE-ELECTED. ! “Mathematical Society letainsl Richardson as Secretary. BETHLEHEM. Pa., December 28 (7). ~—Prof. E. R. Hedrick of Los Angeles ‘was re-elected pretident of the Ameri- can Mathematical Society at its annual meeting yesterday and R. G. D. Rich- ardson, dean of Brown University, was re-elected secretary. Secretary Richardson announced that | 97 new members had been elected and | Benjamin W. Fite of Columbia Uni- versity, treasurer, reported an endow- ment. fund of $76.000. Prof, Oswald Beglen of Pflnuum' University was the principal speaker at the n{nuu dinner last night. ” THE SUNDAY STAR, 600 Fine Sample COMFORTS At Savings of 131012 (A Few Are Pieced or Slightly Soiled) All 100% Wool Filled —This is the kind of value that appeals to every thrift-wise woman. Beautiful, light-weight, warm comforts—at real savings. Some have both sides alike, others figured centers with colored borders and backs—still others in two-tone plain colors— covered with fine satin, rayon satin, rayon brocade and lovely sateen—in blue, rose, gold, green, orchid :gd peach. Many with silk cords and scalloped ges. $7.50 to $30 Values Now $4.95 to $14.95 A4 Manufacturer’s Close-Out of Sample Spreads and Spread Sets Some Slight Seconds $7.95 to $9.95 Spreads—$6.95 $10 to $12 Spreads—$8.95 $14.50 to $25 Sets—$12.95 —Beautifully tailored spreads and spread sets of fine quality rayons, taffeta moires and brocaded rayons. In every imaginable boudoir color—sin- gle and double sizes. A few subject to slight imperfections such as a heavy thread or a miss weave. The sort of values one does not pick up every day! Come early while selections are best. Kann's—Street Floor. Mill-End Sale 15,000 Balls of Knitting Yarns 35¢ to 42c 1-0z. Balls..12Ve Reg. 60c 2-0z. Balis. . ....25¢ —A special purchase brings this big value in yarns, just at the time when every one wants “something to do.” You will find in the assort- ment such kinds as Germantown, Shetland floss, Saxony, Silverglow, Wonderglow and Knitting Worstad—in bright, pretty colors. All full balls. On Sale—Special Sales Section Kann's—Fourth Floor. 1930 Designs in “Bucilla” Packages Are Ready! —Welcome news for those who like a bit of sewing to occupy their time these long Winter evenings—new Spring styles—each pack- nfe containing the stam plece with sufficient floss for working it. Priced at 50c to $4.50 Finished Models on Display Kann's—Fourth Floor, WASHINGTON, D. C, DECEMBER 29, 1929_PART TWO. Italian Embroidered Linen Breakfast Sets e $1.89 —Five-piece sets, with 36-inch cloth and four small napkins—of nice quality linen, elaborately embroidered. Sets that will grace any table. 13-Pc. Linen Damask Table Sets —These attractive sets con- sist of a 68x88-inch cloth and 12 napkins—made of ° pure linen damask, with hemstitched hems and striped blue borders. 12.in. Linen Lunch Napkins, 6 for —Neat linen damask napkins, hem- med ready for use. Very specially c priced. 50-in. Block Print Tablecloths ~—A colorful array of tablecloths, in large floral designs. A few subject to nllg%z misprints—but nothing to affect their wear or mar the beauty of their appearance. 36 to 50 in. Linen and Lace Scarfs —Beautiful all-over lace scarfs and linen scarfs with lace edges—36, 45 and 50 inch lengths. Regularly c 75¢ and $1. Seconds—50c¢ Turkish Towels ~—Solid color towels, with fancy bor- ders. Good weight, full size and a very absorbent quality. c Kann's—S8treet Floor. 4-Poster Wood Beds Reduced Reg. $25.00 Beds...$13.95 Reg. $32.50 Beds...$18.95 Reg. $35.00 Beds...$24.95 ~—Handsome four-poster beds in 5-ply mahogany and walnut veneer finish—priced in this sale at truly worthwhile savings. All well made and gracefully designed. All sizes. Y $14.95 Matiresses ~—Rolled-edge mattress, durable ticking. Choice of all sizes. $16.95 Coil Springs R 80 95 years—All sizes. Kann's—Third Floor. 500 Prs. Marquisette Criss-Cross Curtains Actual $1.39 Values 870 —About this time of year every one feels the need of new curtains—and here, at this mod- est price, you will find them in the popular criss-cross style of marqui- sette, with rufed edges—cornice val- ance and tle-backs. In cream or ecru. Kann's—Third Floor. Regularly $39.50 —When you see how these lovely sets grace a table you will feel doubly grate- ful for such an oppor- tunity to purchase them at such a saving. You have a choice of three patterns— ‘with coin gold handles and knobs, on thin American porcelain—all open. stock patterns at the factory. Six-Piece Bowl Sets «Earthenware bowls, decorated with colored bands— Shopping Baskets Porcelain Table Thermax Electric Irons Tops i o, v e Seont $2.49 Ea. made in graceful shapes, 79c Ea. with reinforced handles. ——zvh!:awmeh;n 'r-g,!. —86-1b. irons, with heel rest, A special purchase enables et m"}:’w“’:o“nh: guaranteed element and long us to sell them for this low B o cord. The well known Universal price. inch sizes at this price. make. Metal Kitchen Chairs $1.29 Ea. —Enameled metal chairs with decorated backs. Comfortable, well made and very specially priced. Metal Waste Porcelain-Top Tables i Paper Baskets $3.95 7 (Seconds) —S8turdy, neat tables, with B e white porcelain tops, white en- Sizucted and very tow Cubiery- "arawer ‘Bubjost "o e Y manufacturer’s slight defects. 49¢ Mixing Bowls Utility Tables 29¢ Fa. < S— —Porcelain -top tables, with white or green en- > ~—Eleven-inch earth- ' ameled bases—complete | enware bowls, with with utensil compartment, blue band decoration. and lid rack. Low priced. Kann's—Third “Floor. Remarkably Low Priced! 125 Imperial Karnak Wilton RUGS Room Sizes! A Few Stamped “Seconds” ~—This collection of Worsted Wilton Rugs represents one of the best values we have [ ever offered in rugs of this character. Never before have we sold them at such a low Q. [ price! Every rug is seamless, in beautiful patterns and rich colorings, Sizes 9x12 and 814x1015 ft. —Reg. $40 Seamless —Reg. $35 Seamless Axminster Rugs, 9x12 $29.95 Axminster Rugs, 9x12 $23.50 and 8%4x101; ft., at.. 3 _mwn‘\fld g%xlo% ft, at.. ann’s—* loor, Save a Third on 3-Pe. Slip Cover Sets Now! Belgian Linen Sets to Fit Average 3-Pc. Suites e mbod) ~An attractive saving, indeed, for these ' l‘ | II I I l II neat, well made covers—of genuine Bel- gian linen. Choice of nine different striped patterns. To fit the average size davenport, wing chair and armchair. You make your selection now, make a small deposit and we will hold the covers for " later delivery, if you desire. —3-Pc. Slip Cover Sets of striped $6 77 ; . ramh Cretonne. Atererer $8.88 Kann's—Third Floor.