Evening Star Newspaper, January 3, 1932, Page 30

10 TARIFFS STIR FEAR FOR WORLD TRADE Complete Paralysis Expected Unless Nations Shift Present Policies. BY PAUL SCOTT MOWRER. By Cable to The Star. PARIS, France, January 2—A re- mnarkable movement, destined perhaps to have an enduring effect on the lives and thought of all peoples, is now in full swing. After nearly & century of ceaseless | international trade and financial devel- | opment all the nations under the influ- | ence of the world crisis are suddenly isolating themselves. International credit is already virtually paralyzed. Now it is international trade which is sinking toward the vanishing point. Disagreeirg regarding both the causes and the cure of the depression and un- able, therefore, to reach harmonious | international understandings on con- | structive measures which ought to be taken in the general interest, each country has begun to barricade itself economically and to aim at self- sufficiency. | Crisis Made Worse. Not & day passes without news from | one country or another of new tariff increases, foreign exchange restrictions, | embargoes on gold, or prohibitions or | allotments of imports. Whatever the ultimate Tesults may be, the immediate | results, all economists seem to agree, | are merely to make the crisis worse. | In order to maintain national stz- | bility,” says the current number of | World Trade, organ of the Interna- tional Chamber of Commerce, “the na- tions are adopting methods which si- multaneously destroy the vital mechan- ism of international exchange.” This mechanism, the same authority continues, is in imminent danger of a breakdown, owing to “the sudden crea- tion of new tariffs, the imposition of import. quotas, the introduction of sys- | tems of contingents, and the restric- tion or prohibition of foreign exchange movements * * * on the chief bill mar- kets of the world, activity is slowing down to an alarming extent. If the machinery of international exchange comes to a stop it means all move- ments of goods across frontiers and oceans will come to a stop “Each nation,” writes the French economist, Gael Fain, “is turning in on itself and waiting passively for the end of the crisis, to which this inturning daily adds new difficulties.” Complete Stoppage Feared. “We are heading straight toward an almost total cessation of foreign sales,” | warns R. P. Ducfemin, head of the general federation of French producers. “Whereas the progress of civilization hitherto,” declares Julien Durand, chair- man of the Commerce Commission of the Prench Chamber of Deputies, * coincided witn the development of i ternational economic relations, we are now witnessing & sort of regression toward the idea of self-contained states with closed frontiers, through whose narrow, well-guarded doors they let pass only allotments of goods indispens- @ble to the population’s need.” M. Durand continues: “Each govern- ment accuses its ncighbor of having started the movement. In reality ihere is a general instinctive movement to try to cscape danger. All fear that national production will be submerged by for- eign competition. All fear some more or less ingenious system of dumping which will somehow leap over even the highest tariffis. And as world procuc- tion has been stimulated in this order- 1y manner without regard to the pos- sibility of markets to consume, all are shutting thomselves in {o let the storm Business Slows Down. The result, according to M. Durand, threatens to be a general slowing down of each country’s economic life for a long period unless remedies are soon sought and found The same story is told ironically by the French humorous commentator, Maurice Prax, who exclaims: “At last the governments have dis- covered the solution of the formidable and perilous problems which for months have been overwhelming and exhaust- ing the world: Padlocks.” Virtually all the frontlers, Mr. Prax | explains, are now being neatly and | completely padlocked. The confusion of thought which led to the adoption of isolationist instead of international solutions is well de- scribed hy M. Fain. This confusion, he says, results from opposition of those who want a freer movement of goods, money and men to those who want in- tense isolation Of those who want to base the new economic equilibrium on_deflation to those who want to get back to the levels existing before the crisis; Views Conflict Sharply. Of those who want to remove all trammels on production to those who believe in voluntary limitation by car- tels and agreements; Of those who want to maintain high wages in order to increase purchasing power to those who think that high | wages cause unemployment and gen- eral impoverishment Of those who want taxes lowered to those who want governments to finance big_public works Of those who want the gold standard to those who want what they call an elastic currency; and Of those who want to restrict credit to those who want to expand it by the redistribution of gold or by coining silver. Generally speaking, European econ- omists attribute credit paralysis to | business, political and monetary fears, | and the foreign trade paralysis to tari end other import restrictions, currency troubles and fears of dumping | Suggests One of the Definite Steps. few Europeans who has had the courage to propose definite and | immediate steps is M. Fain. His thesis | s that big general solutions would be lasting, but that they acticable in the present nion in all countries. erefore, the following Consolidation of short-term into | long-term credits 2. Proj liquidation of frozen together with measures mean- while to p creditors maintain their own liquidi 3. Abolition d, wher of th by t was 1 r money gold exchange > paper money of as a b for another country. ' rict gold stand- 1 princival countries, | Improvement of the international clearing system 6. All the foregoing measures are to | be taken without any new inflation of credit, either with or without security Urges Loans on New Basis. 7. After confidence has been restored | and the international exchange system improved new loans shall be made on a new basis with much solider guar- antees. It should be added that some ob- servers feel that one of the first results of the new system of closed economic states is likely to be a gradual resump- tion of foreign trade, not freely under the most-favored-nation c'ause as for- | merly, but by nation-to-nation contract treaties, each nation agreeing to take | exactly so much of the other’s goods of specified kinds Such treaties, it is suggested, are the only real defense against Russian or other dumping. Their corallary, how- ever, is domestic organization of main industries into cartels and a sort of government surveillance over all im- ports and exports through these cartels. (Copyright, 1933.) THE NOTED SURGEON GUIDES YOUNG DOCTORS AFTER LONG CAREER Dr. Mayo at 71 Sees Necessity of “Change in Direction” and Finds New Service “Delightful.“ | energies and “great. satisfaction” in ROCHESTER, Minn, January 2— |lending a helping hand to the young As time and men plod onward, Dr. Wil- | feliow coming up. ficxpectec sanc MR N R e 2 liam J. Mayo can pause to view the| Now in his seventy-first year, Dr.| < past and glory in & new-found useful- | Mayo has devoted more and more of | Loss by Older Men. ness “as delightful as unexpected.” is time to the role of consultant and | « - Atter almost two score years in sick | adviser—giving patients and younger | D¢i0re stopping my operative work, I rooms, clinics and operating rooms. the | colleagnes the benefit of his experience. | Visited the clinics of the younger men, noted surgeon of the Mayo brothers| This transition—he terms it “change |said Dr. Mayo. whose clinic has been clinic now finds & new outlet for his'in direction”—has been wrought as he the haven for rich and poor alike. “I annA Pann. Ave—Eighth and D Sts. SUNDAY STAR, 1 “watched older men coming down the latter as they must come, with younger men pessing them, as they must pass “%’nh:pplnem for both?” he asked. “Yes, for the older man is not always able to see the necessity or perhaps the justice of his descent and resents his slipping from the position he has held, | instead of gently and peacefully help- ing this passing by assisting the young- er men "’ He seized a moment today at the clinic to cast again the recollections of the past in the mold of memory and from its panorama conclude: “f have found great satisfaction in | what is a change in direction rather than giving up of my work, in a use- fulness which is as delightful as un- WASHINGTON, Br the Associated Press Sale! 1,200 Mattress Covers “Peerless” $1.29 Grade —Neat, well made covers of un- bleached muslin — with washable rubber buttons at one end. Full and “Black Rock” twin bed sizes. $1.49 Grade . $ 1 .08 —Extra heavy unbleached muslin cov- ers, boxed all around and neatly fin- ished. Rubber-button fastening at one end. Double, three-quarter and twin bei sizes. SHEETS AND PILLOW CASES izes of Sheets Regularly $1.50 $1.09 81x99—72x108 Other Sizes 63x99—Reg. $1.25 .. 63x108—Reg. $1.40 . 72x99—Reg. $1.40 81x108—Reg. $1.60 . 90x108—Reg S$1.70 . PILLOW CASES 42x36—Reg 33c 45x36—Reg. 38¢c 2 Street and Third Figors. Decorative Linens 12 PRICE! =+Wise housekeepers will buy quantities of these linens—both for themselves and to give as bridal presents. They are sample pieces, and include in the as- sortment scarfs, doilies, table cloths, bridge and luncheon sets, napkins and center- pieces. Mostly one of a kind. NOW 25¢ to $12.50 Kann's—Street Floor. Regularly 50c to $25.00 Discontinued Pattern Sale of the Famous OMMUNITY PLATE! 50-Year Replacement Guarantee! —The lovely Paul Revere cesign and a heavy sliver plate. We sug- gest that you come early, as the sale lasts only while quantities last. Make your selections from the following list: 1, Off Regular Price .$3.25 .$6.50 $6.50 .$5.00 .$6.50 ...$6.50 ..$6.50 $7.50 13.00 /V.::'./ at Teaspoons, set of 6. Tablespoons, set of 6 Dessert Spoons, set of 6 Orange Spoons, set of 6.... Dinner Forks, set of 6 Dessert Forks, set of 6 Individual Salad Forks, set of 6 M. H. Stainless Dinner Knives, set of 6 H. H. Stainless Dinner Knives, set of 6.. Many at 3; Off Regular Price iy A. D. Coffee Spoons, set of 6 5 O'Clock Teaspoons, set of 6.. . M. H. Stainless Fruit Knives, set of 6..... Many at 65c each Regular Price Sale Price 65¢ 65¢ 65¢ 65¢ Pierced Pastry Servers, each Large Cold Meat Forks, each.. Gravy Ladles, each Large Berry Spoons, each .$2.00 .$2.50 We Carry Complete Stocks of the newest, latest designs in Community PLATE—Noblesse—Deauville—Grosvenor—at Regular Prices— Teaspoons, 3.25 per set of six. Kann's—Street and Third Floors. 2 Sizes of Sheets Regularly $1.29 and $1.39 89¢ - D. €, JANUARY 3, was convinced the older man uncon: sciously loses something of handicra: something of ready response to opera- tive emergencies. “When this became plain to me, I was happy to turn from an active surgical career to that of surgical ad- viser, that I might give to the younger surgeons such of value as I had and to the patient the benefit of my ex- perience. “What pleasure and comfort I have |had” he mused. “The younger men 'have their imagination, their vision. | The- future is bright for them.” ] | BLAZE DAMAGES SHIP HALIFAX, Nova Scotia., January 2 (). —Fire on the commerical cableship John W. Mackay caused damage esti- | mated by officials at about $50.000 | The John W. Mackay, a 4,049 gross ton vessel, was built at & cost of $1,500,- | 000 eight 'years ago. She is the largest | cable repair ship in the world. The fire started between the boilers January Sales Offer S Popular Brands of 19. 20 . P Da— 1 4 ARIE, TWO. D. A. R. Activities | | The Livingston Manor Chapter was | entertained Tuesday with & luncheon |at the Tilden Garden Club house by Miss Bertha Gray and Miss Mary Tut- hill, assisted by Mrs. H. S. Jacoby, Mrs. |Jchn s, Barker and Mrs. D. W. Springer. The regent, Mrs. A. S. Mc- Allister, presided. Miss Margaret Nay- lor, chairman of the State Committee on | Better Films, reported arrangements to purchase the George Washington Bi- centennial film were under way and $10 |subscribed, Mrs. G. C. Skinner and Mrs. Ada May Henry were voted into | membership. A Christmas program was rendered | by the vice regent, Mrs. A. P. Anderson, | composed of stories of the yuletide by | Mrs. Virginia ‘B. Blassingham, & guest, and songs by Miss Lucy Malone. Panama plans a permanent commer- ! cial and industrial exhibition. “RED” RAIDS IN CHILE BRING MANY ARRESTS | Army Reservists Called for Duty | in Concepcion on Reports of Growing Agitation. | By the Associated Press. SANTIAGO, Chile, January 2—Raids on Communists continued in Northern | Chile yesterday, with numerous arrests |at Antofagasta, while precautionary measures were taken in the southern part of the country. Army reservists were' called to the | colors for immediate duty at Concep- | cion on account of a report that ex- | tremist _agitation was growing among | the city’s 20,000 needy. The south, how- | ever, was reported quiet | Luis Orrego Luco, former Chilean | Minister to Montevideo, was quoted by newspapers as saying plans for a “Red” | uprising in Northern Chile had existed 1 in Montevideo since 1930. One night, he said, two “Red” agents stole into the | legation, intending to kill him for find- | ing out their secrets, but he escaped. | New Bern, N. C., Has $50,000 Fire NEW BERN, N: C,, January 2 (#)—A building occupied by Shaw’s Drug Store, a cafe and the Wootten-Moulton Photo- | graphic Studio was damaged by fire | of undetermined origin here early today. | The loss was estimated at $50,000. It | was partly covered by insurance. DANDRUFF LUCKY TIGER, world's largest. seller at Druggists, Barbers and Beauty Parlors. AProvenGerm- icide. Corrects dandruft and scalp irritations. Safe for adults, children. Guaranteed. SHEE TS - At Low Prices! —Washington women have learned to wait for this sale as the time to stock up with a fresh supply of sheets for the coming year. Values are always remarkable — this year even more so than usual — yet the qualities are the same. Come while sizes are complete. vaLer Corroy Mls | 3 Pep 81x99—63x108 Other: Sizes 63x99—Reg. $1.19 . 72x99—Reg. $1.29 ... 81x108—Reg. $1.49 .. 90x108—Reg. $1.59 .... Size PILLOW CASES 42x36—Reg. 30c ... 45x36—Reg. 33c .. Bath TOWELS Size 63x99 Size 42x36 ........ Size 45x36 .. perell Sheets Size 81x99 84c¢ - Two Sizes at t 79¢ ea. 72x99 PILLOW CASES Cannon Sheets 87¢ - Size 63x99 Size 72x99 Size 42x36 Size 45x36 WA Size 81x99 Two Sizes at { 8lc ea. PILLOW CASES { 21c ea. 42x38! 45x38! %2 Size 24x46—35¢ and 39¢ Grades —They are great big, heavy really get you dry. Buy them —Reg. 19¢ “Cannon” Bath Towels, size 20x40 inches. Ea. N And Here 7-Piece Linen Luncheon Set: 12¢ Are Some absorbent towels. by the dozen! The well-known Cannon brand—offering a choice of five enchanting color-fast borders —green, orchid, blue, rose and gold. The double-thread quality that —Reg. 23¢ “Cannon’ Towels, size 22x44 inches. Ea. 4 for RARARRRRNINRNAS 17¢ * Bath assorted Kann's—Street Floor. Double Damask Pattern Cloths Size 70x70 in. Reg. §4.95 —Beautiful, heavy, double damask cloths, with a lustrous finish. Choice of several attractive patterns—and Prices the lowest in years. —T70x88 Clcth, $5.95. Now Res- $4.39 .$1.00 —Colored striped borcers, 54-inch cloth, 7-Piece Linen Damask Table Sets __size of cloth, 57x72 inches. Fully bleached. 7-Piece Linen Damask Table Sets. —54x54 Cloth and 6 napkin: 69¢ Colored-Border Linen L —52-inch cloth with ..$3.75 $1.79 s. Hemstitched hems. unch Cloths. ... .. striped borders. 2:50¢ 75¢ and $§ Linen Dresser Scarfs —Linen centers wit. *e % h lace edge. * Stevens Dish Towels—17x33 in. __0f crash toweling with colored borders. 18¢c Pure Linen Glass Towels......... —Pull size towels of checked toweling. Boott Mills Absorbent Towels. ... ....6 for 85¢ __18x36 size, with hemstitched hems. 89¢ Plain-Colored Bridge Se —Pretty sets with colored embroidered designs. Solid-Color Wash Cloths, dozen.......... —Good weight. Choice 50c Pure Linen Pillowcases . .. —Nice quality with he 10-Yard Pieces White Longcloth. ........ —36 inches wide. Nice q cf various colors. mstitched hems. s a.79¢ uality for lingerie. . every cloth K neatly hemmed. —T70x106 Cloth, Reg. $6.95. Now $5.39 MSUTTA PERCALE roam sizzerzes | THE FINEST OF COTTO; Percale Sheets Size 81x99 $3.25 - Hemstitched at $3.50 Plain Hem- stitched ..$3.15 ..$3.15........8340 4 % —“Cannon” Wash Cloths, 890¢ colors. Doz.... 53.39 —22x22-in. Napkins, $4 39 Reg. $5.95. Now, doz. Ot her Savings You Shouldn’t Miss! $1.95 Fancy Rayon Bedspreads —Woven patterns in pretty colors, Full size. $2.95 Woven Rayon Bedspreads —Double-bed size. Candlewick and Crinkle Spreads:... . ... —Double-bed size. In Ready-Made Striped Pillow Ticks........ « —A. C. A. Featherproof ticks, blue and white Fancy striped ticks, All-Wocl Plaid Blankets, pair. o Sateen bound. Lowest price —Colored plaids. * * 10c Unbleached Muslin, yard In beautiful colors. 95¢ choice colors. .29¢ stripes. .$4.44 37c each. " * —Good weight—36 inches wide. 25¢ Unbleached Cotton Sheeting, yard. . .. —87 inches wide. Will soon bleach white. 15¢ White Pajama Check, yard.......... —36 inches wide and closely woven. 39¢ Fancy Striped Bed Ticking, yard. . ... —A featherproof quality. 18¢c White Longcloth, yard —A very nice quality. Specially priced. 36 inches wide. 15¢ Hope Bleached Muslin, yard —Good weight and a nice quality. 18¢ Soft White Nainsook, yard.......... —36 inches wide. Nice for lingerie. Kann's—Street Floor,