Evening Star Newspaper, May 31, 1930, Page 20

Roof Paint Black Asbestos Roof Paint seals the cracks and holes; prevents leaks. MEtro. 0151 BUTLER-FLYNN 607-609 C St. Phone for Color Card Enjoy Your Holiday Plum Point Beach “The Cream of the Chesapeake’ Three-fourths mile of clean, white sand. Salt water of “just right” depth for swimming. Bath house with observation promenade. Fine shade. Pure water. An ideal spot. Large restricted bay-view building lots for sale at rock- bottom prices. Write or Phone for Deseriptive Booklet Beach Development Corporation 1125 14th St. N.W. Phone National 2034 artesian POPULAR EXCURSION Via Southern Railway Asheville, N. C. June 4th, 1930 Final return limit June 14th Round-Trip Fare $14.00 Tickets honored on all regular trains leaving June 4th, except CRESCENT LIMITED. Tickets gocd in Pullman cars upon pay- ment of regular Pullman charges for space occupied. For information and tickets consult City Ticket Agent, Mc- Pherson Square, Union Station, and Ticket Agent, Alexandria, Va. Southern Railway System Your EYES are PRECIOUS YOUR eyes are your most valu- able and your most dclx';au possessions. If they are tired or give you pain see your oculist at once. He will probably recom- mend washing them morning and night with Iris. It not only ts infection, but containe m ingredisats which soothe irritated tissues. In two sizes in sterile flasks, 50c and $1.00. t all Peoples Drus § and o Drar'ana Foller Govnters Everywhere ‘There’s romance, eool evening breezes, music and ety wait- ing for you To- night, right at the 9Py Tth St es. Big, comfortable Sy chairs and special anditorium honic concerts for those ‘who don’t care to dance. Don’t Musie by Happy Walker and His Orchestra \phiet, Wrise or call for illustrated “Poto Free mac Riser Trips. ‘on request. WILSON Tth ST. WHARVES Tel. NAT. 2140 TARIFF HELD BLOW AT WORLD TRADE Sir Josiah Stamp Believes Higher Duties Will Re- duce Buying. BY JOHN F. SINCLAIR. Special Dispatch to The Star. NEW YORK, May 31—Sir Josiah | Stamp, 49, outstanding British banker {and industrialist, who arrived here | today for a two-week series of busi- | ness” and educational meetings, said | world trade conditions would improve hen the factors which make for pros- perity are again placed in effective balance.” | In his hotel suite, banked with flowers | sent by American friends, Sir Josiah, a | heavy set, well built, quick thinking, fluent Englishman, talked frankly and freely about tariff walls, branch bank- ling and world trade. | “Yes, the proposed American tariff will have a tendency to retard world trade recovery,” was his reply to the | first question. “But I would not over- | emphasize the point. Higher tariff schedules always have a tendency to decrease the total volume of world | trade. The suggested American*tariff will make it harder for outside nations to sell goods within the borders of the | United States. Retaliation from other | nations may be expected. Hence. the | tendency of the volume of world trade to decrease.” “What is your opinion of branch banking—would it be wise for the United States to adopt such a system?” “I cannot conceive of English in- | dustries functioning without our branch banking system. Of course we have grown up under the system. We know exactly how it works,” he commented. | “Four or five powerful banks, such {as we have in Great Britain, tend to | make competition keen and vigorous. But the United States is so vast, so rich, so tremendous in sweep, I would not care to venture a guess on what | banking system is best for your own business and social development. In | England centralized banking responsi- | bility has tended somewhat toward red ! tape, but, on the whole, it has worked extremely well.” | “Would branch banking tend to con- (Continued From Yesterday's Star.) Stanhope realized that, in a round- about way, “Pimples” was paying him a t compliment by discussing these iculties with him. But Jimmy had_ told him that from the summit of Hang- man’s Hill one could hear the rumble of the guns in France. To hear this old man talk you would think the war was at the other end of the earth. Barford had become a great factory of combatants; each term so many boys exchanged their Barford blazers or foot ball jerseys for khaki tunics; each term all the others were trained and drilled, and told how much more bravely the British fought than the Germans, and how much lighter their casualties were; the school magazine gave, in each issue, 8 longer list of killed and wounded. And this stupid old man fussed about his beastly little problems of Eton jackets and cigarette smoking! “Pimples” had, rather unexpectedly, produced whisky and soda, and Stanhope asked bluntly if he might have another drop. This busines of coming back to Barford had been a complete failure. The other mem- bers of the Old Boys' team were “crocks” on light duty, or fellows who had mysterious jobs in England which made them—so they declared—indis- pensable. Jimmy Raleigh had made much the biggest score of the day, thus enabling the “Present” easily to beat the “Past” and his friend's success, fitness, and enthusiasm made Stanhope a little envious and unhappy. There was no real point of contact between those who wanted to see war and those who had seen it. And the more “Pimples” looked distressed at the way in which he helped himself to whisky, the more Stanhope drank. He would somehow compel the old fool to realize that the war had made a difference, He could almost see the old boy's brain working: he had always liked Stanhope as being a keen and efficient boy who had brought credit to his house, and he was clearly puzzled by the change in him. But, equally clearly, it never occurred to him that at any rate part of the blame was due to the war—to this holy crusade of Right against Wrong, to this campaign to bring Ger- many to her knees, to overthrow the Kaiser, to destroy everything German, and to starve every German child. When Stanhope went up to the guest | centrate the banking and credit power more and more into fewer hands?” he | was asked. “I doubt if the drift toward financial concentration, so marked everywhere in the world, would pe affected by such a change. The industrial and banking concentration movement will continue, irrespective of the form your banking | system takes 1n the futw | . “What are the most important prob- lems confronting world business and | trade today?” I asked him. Sir Josiah's answer came very quickly. “Rationalization, currency reform and tariff reform! The correlating of vari- ous industries into more effective units is going on today everywhere. It is called ‘rationalization’ in England. Cur- rency reform has to do with a stabilized money and the price level. While tariff reform deals with excessive nationaliza- tion in economics.” It was the student speaking, for Sir Josiah lectures in economics and finance at Cambridge and Glasgow Universities and the London School of Economics. “I agree with Ivar Kreuger of Sweden when he says that the world has evolved from the stage of small-unit business into the larger and more con- centrated type. This evolution has been going on for years, and is world-wide in its implications,” he continued. “Then are there as many opportu- nities for the young person today, as there were 25 or 50 or 100 years ago— Wwhen ‘big business’ did not exist?” was the next question. Yes, more opportunities than ever! but with this difference—the qualities required now are not the same kind as they were when business units were small. Today qualities that make for co-operation are in demand. The day of the individualist in business is over. The young man to succeed now must be able to think co-operatively in a con- ference. He must be able to effect compromise, and to correlate and recon- struct compounded ideas—the result of many minds working on one subject. { He must have tact and basic knowledge of the play of economic forces. In a word: He must have more technical knowledge than his father or grand- father had. For that young man, there are many more opportunities open than ever before. You see it's merely a change in emphasis. Opportunities, plenty of them remain.” We discussed unemployment, especial- ly that resulting from machine ef- ficlency. Told of & new machine, just installed by the De Forest Radio Co., for the making of tubes which will turn out 2,000 an hour with the help of three girls, as against 150 tubes before with the help of 40 girls, as a sympton of unemployment trouble today, this Brit- ish banker said: “Yes, technological unemployment, caused by the replacing of workers by | time-saving machines, has been a prob- lem for a century. Two kinds of wants need to be supplied—those of (1) necessity and (2) luxury. As less work- ers are needed to supply the necessity wants luxury wants must be increased to maintain the business and employ- ment balance. Then the element of leisure is being recognized more and more as a balancing factor. It is becoming of very great import in the business picture. So the problem of employment is bound up in the success- | ful adjustment of these three want factors——necessity, luxury and leisure. | And the least of these three may not | be—leisure. “Is the world-wide depression which | now exists due to the overproduction | of goods?"” “In my opinion there is no such thing as overproduction of any article | 50 long as 1t can be exchanged for an- | other one. Overproduction of goods is ‘What causes at times a sur- between tend to prevent their free ex- chagge. When the business world un- nds this better, then what is at | present the ‘problem’ of maintaining | prosperity will be a much simpler one | than it appears to be now. | (Copyright, 1930, by North American News- baper Alliance.) 2d une room, he leant for a long time out of the window. The dormitories, away to the right, were in darkness, but the moon shone on the walls, and he could see the little ledge on the second floor along which, out of sheer bravado, he had once crept from Farrer's dorm. to his own. Beyond that wing of the house was the cricket fiéld, with the pavilion standing clear above a light ground-mist. God! How important it had seemed to get his First Eleven cap. Straight ahead loomed the main tower, with the high vaulted roof of the Great School where, as a new monitor, he had faced the ordeal of reciting the Latin Prayer to him, waiting with the other monitors, until all the boys were in their places, that he could never be called upon for a greater display of courage. To the right was the junior footer field where the O. T. C. paraded, and he could recall his pride as he had first marched on to the parade ground with a lance-corporal’s stripe on his arm. Beyond the junior field was the Avon Valley, and, beyond that again, the great shoulder of Hangman's Hill from the summit of which, Jimmy had said, you could hear the low rumble of the guns, Dennis Stanhope went over to the dressing table, and began to undress. He caught sight of his own reflegtion in the mirror. “‘Don’t wonder poor old ‘Pimples’ look- :d s&elau’:‘t," g:dslld to himself, as he um| to . “Do him good, the self-righteous old fool!” fi Then, since Madge looked so much like her brother whom he had seen again after such .an eternity at the Front, he fell asleep and dreamed that she cried because he drank glass after glass of whisky, and would not stop to please her, CHAPTER VIIL ALEIGH lingered outside the orderly room chatting to Haw- kins. He was happy enough to be going off on leave—even though the adjutant had made it clear to him that this was his last leave before being sen! yet, as always, he was 1o leave his friends. He did not gen- erally talk very much when he was with Hawkins, for example, but they understood each other so well that words were not always necessary, and with older people or people who were not the Army at all—even with Madge—no number of words could quite bring understanding. This war was something so new that it called forth a new and complex set of senti- ments in those who were engaged in it. In the first place there was the ad- venture. Instead of having to look forward to dreary days in an office, or “mugging up” a lot of law books, or doing a certain amount of work at Oxford or Cambridge, they suddenly found that they had even more au- thority than they had had as monitors at school. They were in®command of men far older than themselves, and, in the clubs of which they were made honorary members, old fogies who would in other circumstances have treated them with immense superiority, now listened with deference when they expressed an opinion about_the Kaiser, the strategy of Sir Douglas Haig or the situation in Russia. Then there was the comforting feeling of smartness that came from a well cut tunic, shiny buttons and a polished Sam Browne belt. There was the fun of knowing that khaki predisposed every girl in its wearer's favor. There was the same sort of excitement about the idea of going to the front as there had been, for Raleigh, during the few hours be- fore the match which was likely to decide whether he, or Bostock, was.to get the last cap of the Rugger Fifteen. There were, at the same time, a desire to experience this life in France for which all this intensive training was preparing them, and a deep-seated, re- pressed uneasiness lest they should fail to live up to the high standard of courage they had set themselves, or should be marked out for intense pain, maiming, or possibly even death. This fear of death seldom reached the sur- face of the conscious mind, however, since it was so obvlou ridiculous to think that such young, keen, energetic fellows might be killed. But all such things were not to be expressed in words, so that Jimmy Raleigh sat on his motor cycle, his swagger cane and British warm strapped on to the carrier, and talked to Hawkins when he might already be well on the way toward Wi Poole, and home. ‘our're a lucky blighter,” Hawkins said, “to have your people living so close. You're always buzzing off on leave. Come and have a last drink.” And, since they both realized that this- was an occaslon—this departure of Raleigh's on his last leave before being sent to the front—they trudged through the mud to the officers’ mess, and had two mixed vermouths, which neither of them cared for particularly, amongst a band of topers who looked a little astonished to see them at the drinkers’ end of the mess. “Cheero,” sald Raleigh, as he climbed on his bike again. “If you can’t be good, be careful,” counseled Hawkins. When the motor was coaxed into ac- tion, Jimmy Raleigh jolted and skidded along the road through Wareham Camp, past the high, guarded railings and fences of Holton Heath, where hundreds and hundreds of workers made more and yet more explosives to blow the Germans skyhigh. He chose the longer way home, through Bournemouth, partly because it was thrilling to be in a town again after weeks at Bovington Camp, but perhaps still more because he knew that way the best, and he wanted rather to see houses, trees, roads with which he was thoroughly familiar, than to hunt out strange and unknown paths on this last trip home—he was hardly conscious that he made a choice at all, and it would never have occurred to him to analyze his motives. ‘The town was filled with soldlers, half of them in khaki and half of them in hospital blue. At the Westover skating rink, which was the elegant place to visit for tea, khaki predom- inated; at the hospital where Raleigh went to see if he could give Madge a lift home on the back of his bike, al- most the only khaki to be seen was worn by a fat old doctor who had hastily been made a major in the 6TH BIG WEEK IN WASHINGTON | THE OLD AUSTRA CONVICT SHIP 7th Street Wharf 60,000 Washingtonians Have Seen It HAVE YOU? TAN SAVE MONEY ON y at the hospital, might have been allowed some privileges. But the matron grant- ed no favors, even to pleasant-looking young subalterns who spoke to her with becoming deference. He could fetch his sister at 6 o'clock, when she came off duty, she explained to Raleigh, but he could not even see her now, since she was busy in the kitchens. So Jimmy Raleigh returneed to the skating rink, hired some skates, and went round and round in melancholy solitude. There happened to be nobody the place whom he knew, and every other officer was with friends. There were several people he would have liked to speak to, and especially one girl in the W. A. A. Cs, who seemed almost to smile at him, but he lacked the necessary courage. Even when she stumbled and fell down directly in front of him, he almost passed her by, since he had a feeling that she had done it jon purpose, and this feelin ade him all the more shy. But she i%o ed up at him with such laughing frankness in her eyes that he tried stop to help her, stumbled in his turn, and collapsed almost at her side, so that conversation became .inevitable and easy. She told him she was stationed at Christchurch, and before he knew what he was doing he had forgotten all about his intention of calling for Madge, and had asked this new acquaintance if, when the time came, he could not take her back to her billet. Then he explained that he expected to go overseas in about a week, and was flattered when she said: “What a pity! I hoped we should see lots of each other,” and touched wh she said: “I do hope you'll be all right “Let’s have tea,” he urged, and walked }:mudly behind her down the long gal- ery flanked with tea tables. There was toast made from war bread and soaked with margarine, dried-up cakes made without butter or sugar, and saccharine tablets to sweeten the tea, But the food and drink tasted delight- ful, and Jimmy's cigarettes were ‘won- derful—since she praised them, And when he rode back to Christchurch it did not matter. that the weather was dark and gloomy and cold, for she sat on the carrier behind him and had to cling on to hinr lest she should B Whekndfl;le tlfllemclme to say “good e asked her ey could meet and her face fell 4 o “It’s 80 hard to get away, fessed. “There's another Pposed to be going out tomor- I segt igel can't ;wxp with sure, ! to wait in vain.” b (Continued in Tomorrow's Star) POISON KILLS ACTRESS Showgirl, Stranded in Buffalo, Takes Own Life. BUFFALO, N. Y, May 31 (®)— Lucille Goff, 22, actress, of New Castle, Ind., died at & hospital Yesterday from the effects of poison tablets taken in a telephone booth here on May 22. The 8irl had been playing with a stock com- bany under the name of Donna Vanna When the company was stranded in Warren, Pa. She came he; unsuc- cessful quest for work. b % she con- girl, Carey, REAL ESTATE LOANS SIDNEY ROCHE CHANDLER BUILDING NATIONAL 7915 Call or Write Today oan Correspondent for lential Insurance Ceo. PASSAGE OF TARIFF BILL IS EXPECTED Hoover Believed Satisfied . With Flexible Clause as It Stands. Senate leaders today claimed they had the votes to pass the Hawley-Smoot tariff bill, and House chieftains antici- pate little difficulty in getting it through that branch and to the White House about the middle of June. Passed by the House a year ago and pending in the Senate ever since, the bill has evolved into a measure whicn Republicans leaders confidently expect will displace the Republican Fordney- McCumber law of 1922, The new flexible clause is the prin- cipal feature upon which the adminis- tration pilots base their predictions that President Hoover will approve ghe bill. They anticipate that a few minor ob- stacles in the form of points of order will be overcome. Hoover Signature Expected. Although he has kept silent as to at- titude on rates, Mr. Hoover has been unusually active in consulting with his leaders in Congress regarding the flexi- ble provision, and now that one has finally emerged which is more ac- ceptable to him than all the other al- ternative plans proposed, his signature of the bill is confidently expected ‘The conference report embracing the new flexible provision will be taken up in the Senate Monday. Debate may last the rest of the week on this and the original report, containing most of the rate changes which the House al- ready has adopted. Separate votes will be taken on the two reports in the Sen- ate. The House will be required to act only on the supplemental document to complete congressional action. Republicans are rejoicing over the Democratic point of order against the first conference flexible provision, which necessitated a rewriting of the clause. The first draft would have required the President to take either affirmative or negative action on a Tariff Commission rate recommendation within 60 days, and if no action were taken, the com- mission rate would have become op- erative. As now written, a commission rate would not become effective until ap- proved by the Executive, and he is given unlimited time to act. Only One New Restriction. “The only_ restriction placed on the President which is not in existing law is that he must adhere to the commis- sion rate in proclaiming changes in duties within the 50 per cent limitation, whereas at present he can proclaim a different levy so long as it stays within the 50 per cent range. Senator Smoot, Republican, Utah, ex- pressed little concern today over the threatened points of order against rates on cherries, cheese, rayon and watches which are contained in the first con- ference report. If the Democrats are successful in these moves, the finance committee chairman said, the conferees could speedily make the necessary cor- rections and get the report back on the floor for final action. First Mortgage Notes FOR SALE In Denominations of $250 and Upwards JAMES F. SHEA 643 Louisiana Ave. N.W. ENTERPRISE SERIAL BUILDING ASSOCIATION th St. & La. Ave. N.W. 64th Issue of Stock N Mhluc now-' Money loaned to members on easy monthly payments James E. 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" Fruits — Oranges, California, 7.50a 9.25; pineapples, 3.75a4.25; lemons, 7.00 &7.50; watermelons, 65a3.00; canta- loupes, standards, 4.50; flats, 2.00; huckleberries, 8.00; blackberries, 7.50; peaches, 3. per bushel; strawberries, 4.0026.00. Vegetables — Peas, 5-peck baskets, 2.00; string beans, 1.50a2.00; spinach, 75; kale, 50a75; cabbage, homegrown, 75 per basket:; cucumbers, 1.00a3.00: beets, 4a41; per bunch; beets, 1,00 per dozen bunches; cut-off beets, 1.25 a basket; corn, 3.00 a hamper: tomatoes, 1.50a2.00; asparagus, 2.50a3.00; pota- toes, new, 5.00; old, 150-pound sacks, 4.50; lima beans, 6.00; tomatoes, large, 2.5023.00; small, .50, DEAD SAILORS HONORED Cherbourg Consul Decorates Graves of Men Killed in Civil War. CHERBOURG, France May 31 (#).— American Consul Samuel H. Wiley, at the head of a few American Legion men joined by French city and department officials, decorated the graves of the four sailors killed in the action off the French coast between the Kearsarge and the Alabama in June, 1864, These are the oldest graves of Amer- ican service men in France, and the American Overseas Memoria] Day As- | sociation, each year takes especial care that these graves receive the same at- tention as those of the men who fell in the Great War. First Mortgage Loans Lowest Rates of Interest and Commission Thomas J. Fisher & Company, Inc. 100 ARRESTS NADE. " BY RUM RAIDERS Federal Prohibition Agents at Dallas, Tex., Seize Large. Stocks of Liquor. By the Associated Press. DALLAS, Tex., May 31.—More than 100 persons were taken to the county jall today after they were arrested in surprise ralds executed by at least 50 Federal prohibition agents. Acting with complete secrecy, last night the raiders first collected their prisoners in a private residence. 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