Evening Star Newspaper, July 8, 1931, Page 4

"A4 DEBT PLAN HELPS ~ WORLD BUSINESS Better Sentiment and Gen- eral Conditions Reflected Almost Universally. By the Associated Press. ‘The Hoover debt suspension proposal was credited today by Commerce De- partment officials with having brought about an improved business sentiment throughout the world. The department said a study of re- ports from several widely separated foreign ccuntries since the war debt postponement plan was _announced showed that the psychological effect on business unquestionably had been good. ‘What material effect the plan will have, however, has yet to be learned. Optimism Is Shown. Great Britain, Italy, Hungary and Czechoslovakia showed, the experts said, the greatest feeling of optimism, while conditions in Japan were more encouraging, with those in the Dutch East Indies and the Philippines some- what better. Those in Asia and South America were not materially changed. In a survey of current business, the department said, domestic business de- clined in May, but indications were that June experienced ccnsiderable improve- ment. Although the May employment situation showed declines, the depart- ment described it as better than usual for that season. ‘The psychological effect of the debt suspension plan was termed by Dr. H. ‘Taylor of the Bureau of Foreign and Domestic Commerce as g-od. He added that it was “well timed, coming as it did after the unexpected slump during May,” and noted “it was calculated to give business men a better feeling.” Although returns of June car load- ings are incomplete, indications of an increase were apparent. Better than seasonal production of electric power and automobiles was reported for June. Building Falls Off. In its survey of May business condi- tions the department noted that general activity, after allowing for normal sea- sonal changes, fell back to a level al- most equaling that of March. It ex- plained that among the basic manu- facturing industries iron and steel showed a decline greater than sea- sonal. Automobile production indicated no change as compared with April and the expected seasonal trend, while cot- ton textile production continued on the April level. “One of the more unfavorable factors in the general business situation for May,” the department said, “is the drop of nearly 10 per cent in contracts awarded in the building construction industry. Department store sales dur- ing May if adjusted for normal seasonal changes and for variations in the month’s total business day fell more than 10 per cent below those of April.” The summary said American foreign trade declined to a new monthly low level in May, and wholesale prices fell 2.7 per cent. SIX SEWER CONTRACTS AWARDED BY DISTRICT Peter D’Adamo Largest Job, Tilden Street Berv- ice Drain, for $2,896. The District Commissioners yesterday awarded contracts for the construction of six sewers, as follows: To Roy D. Schlegel—Service sewer in the vicinity of Forty-fourth and Macomb streets, $2,008.06; municipal bypass sewer, $2,762.19; southeast service sewer between Q street extended and Ridge place, $1,227.49, and sewer at South Dakota avenue and Quincy place mortheast, $2,031.67. To Peter D'Adamo Oenstruction Co.— Twenty-seventh street storm-water sewer between Pennsylvania avenue and Park place southeast, $2,120.42, and Tilden street service sewer in the vicinity of ‘Tilden street and Reno road, $2,896.81. Company Gets THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, JULY 8. DEBT MOVE VIEWED | Observes 92d Birthday | By the Associated Pr ARRYTOWN, N. Y, July 8— Within_the walls of his 8,000- acre Pocantico Hills estate, which ofl millions built, John D. Rockefeller today observed his ninety-second birthday anniversary in excellent health. The usual band music, fireworks and | distribution of dimes were lacking for | “Neighbor John's” birthday program. from the world's leaders in business, finance and philanthropy, but the | actual celebration was a family affair. | . In a birthday message to the world, Mr. Rockefeller said: “These occasions offer me a very welcome opportunity; first, to express my gratitude to the many, many friends who not only at this time, but through- out the year, have shown their kindly rogard to me, and, seccnd, to wish them and theirs and all the world a large measure of health and contentment, which are the basis of real happiness.” The program mapped out for Mr. Rockefeller included his bit of golf, a little work with his secretary, a motor }I OIL MAGNATE ENJOYS EXCELLENT HEALTH. JOHN D. ROCKEFELLER. ride in the estate and a dinner in the evening. Only members of the imme- diate family were invited to the dinner. A birthday cake was baked. There is one day more important than his birthday, friends say. The day he got his first job as assistant book+ keeper in Cleveland in 1855. He earned $50 in the first three months. That day is September 26, which he usually ob- serves by giving away a bushel of shiny es. | Messages of congratulations poured in | dim ‘Twenty years ago Mr. Rockefeller turned over $1,000,000,000 in capital holdings to his scn, John D, jr, who was to spend it “for the benefit of all mankind.” Since that time the oil king has lived in contentment and in- creasing health. He has often sald, “Geod health makes any one prosper- ous.” His favorite devotional prayer after breakfast is: “Lcrd, make us willing to share with others the blessings where- with Thou hast crowned our lives; help us to understand that our really great- est gain is in sharing with others what ‘Thou has so graciously given to us.” ROBINSON SAYS HOOVER SHOULD ASK TARIFF CUT Democratic Leader Declares Re- vision Would Give Comfort Here Like Debt Holiday Abroad. President Hoover should seek & re- vision of the tariff, now that “the deeper wrinkles” of his debt suspension proposal have been ironed out, Senator on of Arkansas believes. In a statement through the Demo- cratic National Committee, the Arkan- sas Senate leader said that the Presi- dent’s announcement of memenl. u] the debt holiday stressed the psycho- | logical effect of the plan “in the swinging gf men’s minds from fear to confi- ence.” “An announcement from him that the worst exactions of the Grundy tariff would be corrected with his aid ind countenance,” Robinson said, “would give the same comfort to his own countrymen that his rej moratorium was expected to give to the staggering nations of Europe.” tions | struction cost of about $30,000. AIDS IN DEDICATION Walter Johnson Dons Overalls at New Ice Cream Plant. Walter Jchnson, manager of the Washington ball team, donned overalls and got himself good and cool before yesterday's game with the Athletics by officiating at the opening of the new addition to the plant of the Fussell- Young Ice Cream Co. at 1312-1316 Wis- consin avenue, in which he made 80 gallons of cream. ‘The former “smoke ball king” per- formed at the dedication of the new plant at the invitation of Ford E. Young, president of the company. In the group attending the ceremony were heads of competing ice cream concerns, including B. L. Harts, E. H. Daniel and Elmer Mather. The new building, excluding cost of machinery and equipment, had a con- It has a frontage of 46 feet on Wisconsin AS ARMS CUT.AID Administration Believes Dis- armament Will Result From Suspension. By the Associated Press. ment was viewed by the administration today as a possible outstanding result of the one-year suspension payments on ‘war debts. President Hoover hopes that the gen- eral disarmament conference 2t Geneva next February will bring about curtail- ment of the growing costs of armies, navies and fortifications and thereby ease the world's economic burdens. Three times in the past three months the Chief Executive has linked world economic rehabilitation with the suc- cess of the fcrthcoming disarmament conference. In announcing the agree- ment of the major powers on the debt holiday, Mr. Hoover stressed that among the causes of the world-wide. economic depressicn are “the burdens imposed and the fears aroused by com- petitive armament. U. 8. to Join Geneva Parley. ‘The American Government plans to participate officlally and fully in the Geneva conference, to be held under the auspices of the League of Naticns. Secretary Stimson, who led the Ameri- can delegation to the London Arms Conference, is in Europe to confer with continentel statesmen on plans for the next parley. While the administration's expecta- tions were discussed in official circles, Sir Ronald Lindsay, the British Am- bassador, yesterday notified the Amer- ican Government of the action of the English government in summoning an experts’ conference to work out the detalls of the suspension plan. Acting Becretary Castle expressed confidence in a formal statement that little difficulty would be encountered in working out the details. He also made known that the American Government was ready to co-operate heartily with the experts. 7 Experts to Confer, ‘The United States has not been in- vited to participate in the experts, conference, because the problems before them are considered those in which this Government has no direct inter- est. They deal mainly with technicali- ties under the Young plan for debt settlements to which the United States is not a signatory. ‘The gratitude of the German people for President Hoover's action in pro- posing the suspension to relieve Ger- the White House from President Von Hindenberg. The Executive Committee of the International Chamber of Commerce at Paris forwarded & resolution here in- dorsing the plan. Capt. Chisolm Returns. Capt. E. N. Chisolm, jr., engineer, of the National Capital Park and Plan- ning Commission and chairman of the Co-ordinating Committee, comprising the District and Federal Government was back at his desk todsy Easy to Pay Monthly Amt.of Deposit Note For 12 Months $10 S15 $20 $25 $30 $45 $100 $500 $120 $180 $240 $300 $360 $540 $1,200 $6,000 avenue and a depth of 80 feet. Berberich'S F ST. at TWELFTH All Sales Must Be Final o Starting Thursday Morning Promptly at 9 TRUSTEE’S SALE : Bankrupt Stock SHOE BUCKLES « BERBERICH’S SHOED Women’s & Children’s Which formerly sold for $5, $6.50 and $8.50 $1.95 $2.95 $3.95 Eanm = ection Is Advised HIGH GRADE" Formerly $10 to $18 Now SHOE BUCKLES Formerly $1 to $10 c Now POLISH & SHOE LACES RUBBER FOOTWEAR FOUNTAIN ROOM Formerly 25¢ and 85¢ lOc Now 2 Price FOUNTAIN ROOM A long stride toward world disarma- many was expressed in a message to | exj 1931. MELLON WILL SAIL TWO WEEKS HENCE Secretary Arrives ai ii'~e for Vacation Before Trip "2 After Parley. By the Associated Press. NICE, France, July 8.—Secretary An- drew W. Mellon of the United Sates Treasury, somewhat worn from his arduous negotiations at Paris and Lon- don, arrived here this afternoon for the vacation which he had put off until France and the United States could agree on the application of President Hoover's debt suspension. Less taciturn than while he was in Paris, he disclosed that he does not ex- pect to see Col. Henry L. Stimson here unless the American Secretary of State should receive some message from Washington which would change his present plans. WIill Sail in Two Weeks. “I'm salling for home in two weeks,” he said, “I've been away from my family for so long that I'm going to stay here with them just as long as I can. He smiled when his son, Paul, who had come down from Paris with him, pointed to the crowd which awaited them at the raillway station, and said, “Look, not a necktle in the lot!" When the representative of the city of Nice moved to chase away a bat- tery of -photographers training their cameras on the Americans, Mr, Mellon motioned them to come on. Motor to Mellon Villa. “I've been photographed so many times in Paris,” he told them, “that I don’t object any more, unless you ke me up in the middle of the night.” He and his son went from here to Beaulieu, whence they motored to the Mellon villa at Cap Ferrat. Mr. Mel- lon’s daughter, Mrs. David Bruce, and her husband met them at Beaulieu. . CHAMBER FOR DEBT PLAN Notifies Strawn of Indorsement. International Group ‘The reparations and war debts sus- pension is indorsed by the Executive Committee of the International Cham- ber of Commerce in & resolution adopted in Parls and communicated yesterday to Silas H. Strawn, chairman of the American Committee, here. The Executive Committee also recom- mended the formation of committees of erts to study intergovernmental debts in their relation to business, the silver question, the present Russian situation and practical steps to allevi- ate the world economic depression. July 8 EXPERTS TO MEET IN LONDON JULY 17 FOR DEBT PARLEY (Continued From First Page.) to tell him that they will co-operate in disarmament, providing they are se- cured against aggression. Come Later, Chancellor Helinrich Bruening and Toreign Minister Julius Curtius prob- |ebly will come for an informal confer- |ence at the conclusion cf the A German meeting in Berlin. The he‘&e ment of Franco-German relations, tariff barriers and accords and general economic uplift are expected to be con- | sidered. ‘With the Hoover debt suspension cen- tering in London, French delegates were being selected for the meeting of financial experts next week to straighten out the technical matters left over from the Franco-American agrecment. France SECOND FLOOR Every Sale Must Be Final the” gusation of ‘German payments e que of German kind and the French luumpn.m fund. ‘The cabinet will meet on Friday to decide on some of the matters left un- settled by the Franco-American agree- ment, Might Be Superfluous. Some members of the. Chamber of Deputies expect that the cabinet may decide to issue a formal invitation to the German government to send its representatives here some time after the middle of the month. If such an |invitation were issued and accepted, Chancellor Bruening, Premier Laval ard their foreign ministers would seek a hasis for Franco-German co-opera- tion while financial experts are work- h;x out details of applying the Hoover plan. On the other hand, it is assumed by others that if a general political con- ference were to be held in the near future at London or elsewhere, the Ger- mans, naturally, would be expected to attend, and in that w& a Franco- germa.n conference+ might be super- uous. F ST. aa TWELFTH of for Equal Quality 2.95 Plens Ybop 1319-1321_F. Strect STETSON BORa %NS HATS Slaughter! CAPPER PLANS PICNIC Will Follow Custom of 20 Years in Celebrating Birthday. When Senator Arthur Capper, chatr- man of the Senate District Committee, gets back to Kansas the latter part of this week he will complete plans for the annual picnic he gives for the youngsters in and around Topeka. For more than 20 years it has been the Senator’s custom to observe his birthday anniversary, July 14, by ar- ranging an outing at which thousands of children gather at an amusement park in Topeka for a day of games and merrymaking. Senator Capper came to Washington Monday to confer with Farm Board of- ficials on the wheat problem, and is leaving tomorrow. . Galileo, inventor of the telescope, kept on improving and enlarging until h> built one that magnified 30 times. Berberich’S Because Our Departmental Lease Will Shortly Expire Every Pair of HANAN SHOES And Several Other Famous Makes of the Highest Quality Footwear Obtainable—Sacrificed at the Lowest Price We Have Ever Heard Not Every Size Close Saturdays 2 P. M. What do you think of $60 suits for $25°? This is our Spring stock of light and medium weight woolens on which the regular price marks are $45, $50 and $60. That’s just what is offered in this sale of about 700 of our finest St. Alban suits. Unfinished worsteds and French flannels in light shades of tan and gray...also plenty of dark colors for fall wear. Most have two pairs of trousers ...all regular sizes with extras for the unusually short, stout or tall and slender. An individual fitting guarantees your perfect satisfaction . charge for alterations. . $45 - $50 - %60 St. Alban Suits . NO *25