Evening Star Newspaper, July 2, 1930, Page 5

TREASURY SURPLUS TOTALS §164,000,000 Unexpected Cash Payments by Foreign Debtors Swells Amount. Secretary of the Treasury Mellon in an annual accounting to the American people of the financial operations of the Government reports in a formal statement issued for publication today that the fiscal year closed June 30 with tion of last Fall, estimated as amount- ing to $80,000,000 for this fiscal year, reduced this figure to $145,000,000. The actual surplus for the yeer just closed is $184,000,000. As above indicated, however, there is Included in this amount the sum of $76,000.000 on ac- count of payment by foreign govern- ments in cash rather than in securities as heretofore under debt settlement agreements in accordance with the pro- cedure followed for a number of years past, which change in method of pay- ment was not anticipated at the time the estimate was made. “At the close of the fiscal year 1930, the total gross debt was $16.185.000,000 as compared with $16,931,000,000 on June 30, 1929, or a reduction of $746,- 000,000. Of ‘this amount $554,000.000 is to be attributed to the sinking fund and other retirements chargeable against, ordinary receipts. The net balance in the general fund at the close of the fiscal year was $318,000,000, as com- pared “with $326,000,000 on June 30, 1929, “The annual rate of interest on the PHE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, JULY 2 1930. POINCARE RAPS L., FOR TARIFF LAW Attacks “Blind Selfishness” at Dinrier in Honor of Americas. By the Assoclated Press. PARIS, July 2—Americans of 22 | countries, gathered with Frenchmen to | celebrate the France-America Commit- tee's “Week of American Nations” last night, heard Raymond Poincare, former {come as a result of blind economy and selfish nationalism.” Philippe Roy, Canadian Minister at Paris, referred to “at least three tempts on the part of the United States to seduce Canada, which failed because Canada is bound to remain faithful to Great Britain.” He said the attempts occurred in 1775, at the time of the American Revolution, and in 1812, at the time of the second war with Eng- | land. United States delegates at the din- ner were all private citizens and num- bered among them no officials nor rep- resentatives of the United States em- bassy. One or two voiced surprise that a man of Poincare’s position should have chosen such an occasion to lec- ! S N Ice Cream Freezers ture the United States. Plerre Etienne Flandin, French min- ister of commerce, told the Associated Press that France relied upon the American sense of fairness for an equitable adjustment of tariffs. While denying that there was at the time any threat of reprisals, he ex: plained that France was at liberty any time to terminate the arrange- ments by which the United States re- ceived preferential treatment at French ports, and would instead have maximum tariffs placed on American imports. Sixty-five-year-old Sarah Hughes was recently fined $40 in a Cakewell, Eng- Iand, court for automobile speeding. AT .- ¢ A-S —_———_—__ = GREAT BRITAIN PACT [ WITH IRAK IS PUBLIC, Treaty Recognizing Independence| to Follow State's League Entry. By the Assoclated Press. State of Irak, which will come into ! Right Reserved to Limit Quantities force aa scon as Irak has been accepted | Mosul. Trak will leass to Great Britatn as a member of the League of Nations, we last night. The treaty includes the recognition by Britain of Irak’s complete independ- ence, and Irak’s assumption of the sole responsibility, subject to certain condi- tions, for internal order and external defense. The conditions are an alliance be- | tween Britain and Irak, termination of | Britain’s mandatory responsibility for | Irak, and exchange of diplomatic repre- | sentatives. The duration of the new treaty Is | limited to 25 years. Within five years | ot its coming into force all British troops | ca; three air bases to the west of the re published by the colonial effice | Euphrates River. Ex-Officer Ordained Priest. TORTONA, Italy, July 2 (#.—Don Carlo Pelizzi, former officer of the Itallan Army, who some 28 taught physics and mathel Buenos Aires, was ordained a pries the age of 65 vesterday. Father Pelizsi Wwas army instructor of the Duke of Aosta and distinguished himself in African campaign: Twice as many American bathing ps are being used in Austria as & are to be withdrawn from Hinaidi and 'year ago. A A T T T T T TR Motor Jugs interest-bearing debt on June 30, 1930, was 3.80 per cent, as compared with 3.94 per cent on June 30, 1929. The decrease was due to lowering of th borrewing rates on short-term securities. | ¢, Total interest payments in the fiscal | c year were $659,000,000 as compared with | $678,000,000 in the fiscal a saving of $19,000,000 President and former premier, take the | Dnited States to task for its hew tarift | 1aw. M. Poincare, presiding at a dinner national delegates, characterized re- nt United States economic policies as - | “these unhappy incidents of recent | year 1929, or | years.” He attacked “above all, those | of the last two or three months, which legislation.” e e T SIO S WWOOE Sitee TANERE (WHISH “ Public Debt Reduced. R w SHED public debt, Mr. Mellon explained. | YOUR C A A CLEAN . A further reduction was made in the | “The aggregate of customs and in- | WHILE YOU WAIT ternal revenue receipts was $3,626,000,: 000," the Secretary reported, or $86,. SIMONIZING, $5.00 up 000,000 greater than receipts from these | Bill Lynch’s Auto Laundry, Inc. sources in 1929 and $11,000,000 below | the Treasury’s aggregate estimate after Washington’s Most Modern Auto Laundry 632 NEW YORK AVE. 627 K ST. N.W. allowance for tax reduction. “Income tax aggregated $2.411.000,- Polishing—Greasing—Engine Cleaning—Top Dressing, Etc. REMEMBER THE ADDRESS—NEAR GOLDENBERG'S 000, as against $2,331,000,000 in 1929, an increase of $80,000,000. Based on preliminary reports from collectors, the St k F. receipts from the current corporation income tax were higher than during Nati al P .t That American business is sound is witnessed by the huge construction program which marks this year 1930. a surplus of $184,000,000. The year, he said, made a “satisfactory showing.” Included in this surplus, however, he explained is the “abnormal sum of $76.- 000,000 paid by foreign governments in June in_cash instead of in obligations of this Government in accordance with prevailing practice for a number of rs and the abnormal customs re- due to anticipation of tariff Will Serve Twelve! With one of these Dandy Ice Cream Freezers you can quickly and easily make enough ice cream to serve twelve people. A very compact freezer, light in weight and easy to operate. Every one likes homemade ice cream and now they may have it often, as it is no job at all to make it with one of these freezers. Make your ice cream at home and carry it with you in the freezer on your next picnic. LT Fruit Juice Pimento Cheese and Extractors _ Sliced Egg With Al otithe filce Lettuce Sandwich ‘This nutritious sandwich may be had at any of our fountains ~—this week for only 20c. LNy |||l"lllllllllllllllllllIIIlIIIIIllllI|IIlIIIIllllllllllll-IIII|IIIIIIIII|I|||IlllI|IIIIIIIII!IILOIllIllll'llllullmlIulll!llllllllnllIIllllllllilllllllmlllllhllll Will Improve Your Picnic! S Now you can take hot foods or cold drinks on your picnies. These jugs are well made, heavily insulated and have a sanitary lining. They are easily cleaned as they have wide necks. Motor Jugs will keep foods or liquids hot or cold for $1.19 lflllllIlllllIIIII|||||l|||l||l|"llll|lllll|||||llIlllIIIllllllllllllllllllllll!lI|I|IIIIIlI'llllllllmllllmllmlmllmll MAIL ORDERS Aluminum Pitchers The popular 2'5-quart Prompt service for out-of-town size pitchers. made. customers. Add 10% of amount of seamless aluminum. They order to cov t of packing and Will_be very handy this Summer to serve iced atiing Peoples Drug by rder Depar drinks. They are light in N.W., Wash- NN Gallon Size e 1905 . .. . 1930 “Silver Jubilee Year" Our Twenty-fifth Year of Public Service N ANY CAR NO TIPPING VACUUM CLEANING OPEN NIGHTS AND SUNDAYS Easily cleaned. ! : | Weight and easy to handle, 59¢ IIIIIIIIIIIIlIllllllll"lIIilIIIlIIIll!llllllll|IIIIlIiIIII!IlIIII|IIIIOI R T 1 the previous fiscal year, due to the fact that growth in corporate income more than offset the 1 per cent reduction effective on collections made during | the second half of the fiscal year 1930. | Back tax collections were $6,000,000 greater than anticipated. The current individual income tax receipts were also higher than during the previous fiscal year. In this connection it will be re- called that there was a substantial ag- gregate increase in_individual income in the calendar year 1928, due to realiza- tion on sales of capital assets in the security market. Advance Estimate Accurate. “As above indicated, the total income tax receipts during the fiscal year 1930 were $2,411,000,000, The Treasury'’s es- timate last Fall before tax reduction | was $2,480,000,000. After taking into | consideration the effect of the tax re- duction applicable to collections made during only half of the fiscal year, the | estimate became $2,400,000,000, or $11,- | 000,000 below actual collections. Ob ous the advance estimate, in view of | the amounts involved, showed a remark- able degree of accuracy. “Receipts from customs duties, in- cluding the tonnage tax, were $587,- 000,000 as compared with $602,000,000 in 1929, and the Treasury estimate of the same amount for 1930. For the first quarter of the fiscal year 1930 customs receipts were about $13,000,000 greater than for the same period in 1929. Subsequently, there was a steady decline until the month of May, which was slightly over May, 1929. In June, 1930, however, the collections were sub- stantially greater than in the same month a year ago, due to the large re- ceipts during the period of a few days prior to the effective date of the new tariff law. “Miscellaneous internal revenue re- ceipts were $628,000,000, as_compared with $607,000,000 in 1929, an increase of $21,000,000 and a decrease below the estimate of $7,000,000. More than 90 per cent of the miscellaneous internal revenue receipts is derived from the tobacco tax, the stamp tax and the estate tax. On the basis of collections received during the first 11 months of the fiscal year and estimates for the month of June, 1930, the receipts from | tobacco were about $450,000,000, an in- crease of about $16,000,000 over 1929, as compared with an increase for 1929 of $38,000,000 over 1928. Stamp tax receipts were about $77,000,000, as com- pared with the high figure of $64,000,. 000 during 1929 and $49,000,000 in 1928. Estate tax yielded about the same as last year, when the receipts were $62,- 000,000. The remainder of the differ- ence between 1930 and 1929 collections is largely accounted for by decrease in collections under repealed laws. Back Railway Mail Pay Settled. “The total expenditures chargesble against ordinary receipts were $3,094,- 000,000, as compared with $3,848,000, 000 in’1929, or an increase of $146,- 000,000. There are a number of jtems of increases and decreases comprising this difference, but the principal items | of increases are $37,000,000 on account of the War Department, $10,000,000 | for the Navy, $29.000,000 for the Vet- erans’ Bureau, $14,000,000 for the De- partment of Commerce (due principal- Iy to cost of the census), $16,000,000 for the Shipping Board, and $150,000,- | 000 for the revolving fund provided in the agricultural marketing act. The main items of decrease are $19,000,000 | reduction in interest payments, $57,- 000,000 decrease in internal revenue re- funds, and $52,000,000 paid in the pre- vious year to railroads under a Su- preme Court decision on_ account of ck railway mail pay. “Estimated expenditures in the budget were $4,023.000,000, or $29,000,~ 000 greater than the actual expendi- tures. This difference is the net amount of a number of increases and decreases, the most important of which are increased expenditures under the agricultural marketing act and the Vet- erans’ Bureau, and decreases under the | Treasury Department on account of postponement, to the fiscal year 1931 of estimated expenditures under the set- | tlement of war claims act and for pub- | lic buildings, and payments made in | cash in June by foreign governments | under debt settlements. Cash Payment Not Expected. “The original estimate of the surplus | made in advance of the fiscal year was $225,000,000. The 1 per cent tax reduc- | Bathing Caps Let these chic new caps match your bathing suit. They will add attractiveness to your beach en- semble. Ajlnrgehvm‘l!(y 80 :’hld! you may get just the color and design that 3 Yyou ‘want. add to your bathing ensemble. e “arink bl 10c*98c | 49cr 3119 [ Comvie 25¢ \llllllllllilllll!lIIIHlNlIlI|IIIIlIlI”IIIlIl“II"III!IlIIlIIIIIImlTiIiImIlIIIIIIIIIIII'IllIlIlIIIIIIlI!IlIlIlIIIIIV IIlIIIIIlIlIlmIlIIIIlmlllll'n"lllI!Illlllllllll|||IIIIlIIHlIlIIIImIlIIIIIII|I|l||||||| Slippers These bathing shoes are priced exceptionally low. In different sizes to insure your getting a per- fect fit. Another bit of color to o __g—_g——— g Bathing Belts These belts will give a snappy touch to your bathing sult.” They are as strong as they are attrac- tive. They may be obtained in & variety of colors, or if you prefer, in white, ful fun-giving exercise, 15¢* 35¢ 29¢ and 98¢ i |umunnnmummlllummllIlllllln|mu||lmmnmm’m|mu|||umnm|ulummumumm|mmmmmm ; Beach Balls You don't know what fun you are missing if you neglect to take along one of these dandy beach balls. These gally colored balls will make you take more health Kleen Picnic Sets ‘Why bother with dirty dishes when you can take along a sanitary Kleen Picnic Bet. Complete service for six Set_consists of six demi-spoons, §ix teaspoons, ks, six napkins. one taplecioth LS for and six s .""""‘ R T T Qe T T T R T (T BTG il o Lo Home Remedies Priced Very Low 75¢ Alcorub, pint. . . ..... 35c Allen’s Foot-Ease . ..... 75¢ Bell-ans Tablets . . . 60c Bromo Seltzer . . . 40c Fletcher’s Castoria . 50c Cascarets . .. ... 30c Carbona Cleaner. . 50c De Witt's Pills.. . . . 75¢ Dextri Maltose. . . $1 Ovoferrin Tonic. . . 75¢ Enos Fruit Salts . . . :59¢ 60c Formamint Tablets. ... .. .49¢c 35c Freezone ...........24¢c $1Nujol Oil. . . ........pint57c 50c Hospital Cotton. . .. .Ib., 39¢ $1 Hypo Col Tonic........89¢ BGcdadSakts. ......... . Sle 60c Joint-Ease ..........50c 35¢ Klox-lax. ... ... .33c 35¢ Lapactic Pills. . . . .2Tc 35c¢ Lavoris Antiseptic. ...-. . . 20c 50c Lysol Disinfectant. . ..... .45¢ Toilet Articles / At Money-Saving Prices 15¢ Amami Shampoo. . ... . . . 10¢ $1 Azurea Face Powder-. .. .....67¢ 50c Bencoline Tooth Paste. . . 29¢ $1 Blondex Shampoo. . ... .. .84c 50c Brownatone . . .39¢ 35¢ Corega Powder. ., ..... . . . 24c 30c Calox Tooth Powder . 24c 25¢ Cuticura Soap . . . . ..., .18¢ 60c D. & R. Cold Cream. . . .34c 35¢ Cutex Nail Polish. . ......... 29¢ 50c Elcaya Cream..... sy :.r.;. 39¢ 50¢ Dorin Rouge... ...rrqr.r.r. 33¢ 75¢ Evans Depilatory . .....-..... 65¢ 60c Forhan’s Tooth Paste........ 34¢ 60c Glostora . . ............45¢ 50c Herpicide Hair Tonic. . . . 39¢ 50c Hind’s H. & A. Cream. ... 29¢ 50c Ipana Tooth Paste. . . ,....28¢ 25¢ J. & J. Talcum.. $1 Leas Hair Tonic.. .84c 10c Lifebuoy Soap. ..........-... 6¢c 50c Luxor Rouge. .............45¢ A 35c Bottle of Queen Anne Lotion The lotion that replaces the loss of natural oils from the skin. It soothes and smooths harsh and dry skin. with each 75c purchase of Moret Toiletries Madame’s every beauty need has been created by Moret. Naturaly only the best quality of creams, oils, etc., were used to prepare these fine requisites. Each item is fashioned with a charming de- sign and is individual. Moret has long ago proved its claim to the dressing tables of those who desire the better toilet articles. .59¢ .29¢ .44c .36¢ .23c .37¢ .21e .37 .49¢ .12¢ e erere Billions of dollars are being invested by public utilities and railroads; by municipal, state and federal govern- ments in public buildings, plants, bridges and highways; by private in- terests serving the public in a large way. Improvements, extensions and new projects are the order of the day. Prosperity and credit in this country cannot long be jarred by any specu- lative flurry. A Wall of Defense One major reason for this is the pro- tection afforded by insurance. Stock Fire Insurance alone provides a cov- erage of around 150 billion dollars, thus setting up a wall of defense for industry and property that no adver- sity can seriously harm. Every Item an Exquisite Creation Face Powder .. ... .75¢ || Lipstick .........50¢ All-Purpose Cream. .50c || Compact, single . . . .69c All-Purpose Cream. . .$1 || Compact, double . . .98c Talcum Powder, tin. . 25¢ | Rouge ..........50¢ Talcum Powder, glass, 50c || Brilliantine, solid . . . 50c Extract ..........$1 | Brilliantine, liquid. . . 50c I N 7 i LTy The Preference of Thousands of Our Customers . . . . National Pale Dry Have glasy of this tempting pale dry ginger ale after dinner and get a ne conception of the deliclous. wholesome refreshment that can be blended into ginger |||||u|||lmmlmlmlmmnmnumnmnnnmmmmlm@mm|||||||||||||||||m||||||||||||um|u||||1||m||||||wugmmmmn||m||||m|nu|nmumulmuumunummm £ 1 \ H SN Hawthorne Golf Balls FORE!—f tmprove h Get rid of that “Springtime” feeling. Have plenty of pep and vitality, Keep the system in con- dition. Buy a box of Bliss Native Herbs. We sell it on a money-back guarantee. Enjoy its benefits now. Buy & box today. NATIVE Hawk-Eye Cameras Keep those vacation joys with photographs. Be sure to take s Hawk-Eye Camera with you on ail of your trips. This camera takes clean, clear pictures and is easy to operate. 98c—$1.89 LT T T T T T Bathing Bags 29c to 89c¢ Bathing Sandals pair, $1.19 Bathing Caps Berets, 69¢ Ear Drum Protectors, 25c¢ Water Wings, 49¢ SO r who wishes to Perhaps he doesn't big difference there can ecause they all look nearly alike—at' fi Hawthorne's rugged cover is very hard to cut. therefore it will last you longer than the average ball, and at the same time give you longer drives and beiter putting Next time tee off with Hawthornes and you will see the difference. 3 for $1.15 [T T the golfe ame. AW INUTL GBI BT S\ A R N Vacuum Bottles Buy several of these and then you can have hot coffee as well as cold drinks on your trip. There vacuum boitles will be useful n BLIS HERBS "I it Size 79¢ H 48¢ and 95¢ lIIlIlIlIIIIllllllllll:“'l"m|||||l||||||||||IlIIIIlIIMIIlIlIIIIIIlflIIIIlIII|IIllulllIllllllfllIll|||||||l||||||||||l||“||||||||IIIIIHHII Serve lce Cream Three Hours After Buying . . . .« & ale d National Ginger Ale made of real inger, per- ENG fectly blended and properly aged. At our fountains or Teady to take home. 15¢—2 for 25¢ st N w ge— S\ TRREER R S NS Without the support of Stock Fire Insurance the billions for new enter- prises and replacements could not be spent. Business would undertake no such pretentious program without the stabilization, the protection and the indemnity which Stock Fire Insurance makes possible. % 7 N N NS Evr-Kleen Auto Seat Pads IR I Buy your ice cream in the after- noon and have it packed in the— FRIGID-TAINER —a modern container that does away with melting ice and the re turning of empty freezers. You can serve your ice cream three hours after buying. Now you can take it on your outings and pie- nies. Ice cream packed in & Frigid-Talner, 10¢ extra per quart. LT Take some books with you on the trip You find new storles, never published before, on our book shelves. Man of Manhattan. .81 Murder in Paris. ....$1 My Aunt Angje.....S1 TheDoor'. ..vsueie Bl Yet consistently, through the last twenty years, the cost of this basic commercial necessity has declined. Repairing ; New Lumber New Millwork New Plumbing R S Open Thursday Until 5:30 Closed Friday, July 4 I ° [ ° | Open Saturday Until 2 P.M. Ex-Ray Hats Protect your eyes from the gl sun:” Fint” 38" water-broot ‘ana" ensily " 79c—81.49 LT T Summertime Sweets Buy a set of these for your car. Saves your clothes, your car's uphol- stery and keeps you cooler. FOVVVVVVVVVVYVVYVVY TR R STOCK FIRE INSURANCE COMPANIES ARE REPRESENTED BY CAPABLE AGENTS IN YOUR COMMUNITY S T S R e Poison vy ltch Stops! —with a single application of this new— Poison Pocket ‘These knives have highly tem- pered steel blades. The sides are firmly riveted on. I S R Orange Jelly Drops Sibbon ... 298] oo P You should have a reliable flashlight the car and one ar h These complete Bond a real value at this Be sure to take along several In boxes of film on that next trip, Leave your exposed fllms at any Salt Water Taffy of our stores to be developed. You are then sure of the quality 1-Ib. box.... of work you will receive, L T T Cocoanut Bonbons Cocoanut Corn P e Y CE&_T'"' 25c Buster Mints $db. tin..........39¢ Jordon Almonds I Lb., 49¢ Life Savers. .3 for 10c el are low price. Complete Q¢ T T Planters Salted Peanuts, 1b....3% Cream Almonds, B e v e W 4 mmunmunmumnmnunfimmnmmnnnumnm Min-It-Man g .. 49¢ THHE NATIONAL BOARD OF FIRE UNDERWRITERS 85 John Street, New York A NATIONAL ORGANIZATION o STOCK FIRE INSURANCE COMPANIES ESTABLISHED IN 186 439 The Quickest Relief for lvy Poisoning—a Discovery of the VYO Laboratories 50c¢ Bosile Watches A trusty timeplece that {/ vl sive you uwood serv- ice. Modestly priced at $1 Peoples Price MAIN OFFICE-6"&C Sts. SW. CAMP MEIGS-5" & Fla Ave.N.E. BRIGHTWOOD-592) Ga Ave.NW