Evening Star Newspaper, July 21, 1932, Page 22

B—6 SHIPSTEAD SCORES DEBT CANCELLATION Europe Should Pay U. S., He Tells Forum—Urges Arma- ment Cuts. THE EVENING STAR, WASHINGTON, D. C., THURSDAY, JULY 21, 1932. the other debt settlements, the reso- lution stated in part as follows: ““Their debts exceeding $12,000,000,000 —or, to be exact, $12,090,667,000—were “The other ciass of debts is the debts of the allled governments to the Gov- ernment of the United States for money borrowed during the war and after the signifig of the armistice. At the time of the debt settlements this debt amounted to a little over $12,000,000,- 000 and of this amount nearly $4,000,~ 000,000 was borrowed after the armi- stice. Under the terms of the debt set- tlement these governments agreed to pay to the Government of the United States certain sums of money each year and the sums so paid annually amount, as averaged for all governments to 2% per cent on the $12,000,000,000 due at the time of the debt settlement. This was agreed to be paid for 62 years and then is to be paid no more. This means | that the United States assumed pay- ment of this $12,000.000,000 of princi- pal by transferring this debt to Ameri- credit goes. As credit 1s destroyed, trade is destroyed. * We hear 'a good deal about capacity to pay. Let us think of the capacity of our own citizens to pay, burdened with increased deficits and further undermined confidence in the Government. » ““Another discouraging but significant ""“ies" that while governments and peoples are complaining about taxes to| Senator Shipstead’s speech follows: pay debts, it seems impossible for them | “I appreciate the honor The Wash- to come to en understanding on the | ington Star has shown me by asking necessity for reduction of expenditures, | me to discuss this apparently compli- particularly of armaments. The na- | cated, but really very simple, subject of tions of Europe are spending seven | war debts. times more on armaments than they, “The post-war debts, ke every debt are paying the United States on debts | in this world, have been causing great till due us and what they have paid | concern to governments and citizens in out of moneys received from Germany | every country. These post-war debts and which Germany borrowed. If these | are of two kinds. One class comes un- nations would cut their military, and | der the terms of the treaty of Ver- naval expenditures by one-seventh they | sailles and is called reparations, to be could pay the sums to us that they | paid as a war indemnity to the victor have agreed to pay. As a result of nations by Germany. Under the Dawes this large expenditure for arm’>s and | plan in 1924 these were fixed at $28.- navies our own expenditures for arma- | 000,000,000. It having become appar- ments are hundreds of millions of aol- | ent that Germany could not pay fur- | lars more annually than we otherwise | ther reparations, after having paid $8.- “The world is drifting toward chaos | would spend. | 000,000,000, this amount was reduced because of lack of confidence. This| “One wonders whether the bones of | to $1,000,000,000 by the treaty of Lau- 8 coast-to-coast network of the Na-|drive to cancel international debts is| Woodrow Wilson do not blush when | sanne, and then to be paid only when tional Broadcasting Co. last night. helping to destroy whatever confidence | confronted with the brazen conduct of | economic conditions in .Germany make Senator Shipstead charged that the | there is left. When confidence goes, | those whose backs we protected from ' it possible for her to nay. ® OPEN ALL DAY SATURDAY DURING JULY AND AUGUST e DEAL AT secret diplomacy in Europe and the forming of alliances foy balance of power is being carried on apparently in the confident hope that after the American election in November their debts to us will b2" cancelled. “Certainly debts,” he declared. whether 1914 to 1917. Surely never before have the public or private. whether national orl good nature and almost puerile faith of a people in its g:ewnded friends been so abused as they have been in the case of the American peo- ple who, in 1917, hurled themselves into a fatuous crusade for the benefits of | governments which today are forming | precisely such a coalition, such a ring of iron, as caused the war in 1914.” should bear in mind this debt settle- | governments will not pay us what they ment among other things. So instead |have agreed, and Uncle, Sam would of being Shylocks our taxpayers have | then have fo levy taxes to pay the dif- been contributing this sum to foreign ference. In effect this would mean that canceled, the. debtor nations lxreemg"tnxpayers to date in addition to assum- | the American taxpayer would pay the merely to help us out in paying interest | ing the payment of the principal of the | war indemnity instead of Germany. In | on the money we had borrowed to loan | original debt of $12,000,000,000. | addition, it would mean that additional them. Yes: and all they are to pay,| “The ‘gentiemen’s agreement’ at Lau- | taxes will be levied on American sax- taken together, is 2% Der cent interest |sanne is a reservation on the reduc- |payers in order to rrelease fartmer annually for 62 years on this $12,000.- | tion of cancellation of reparations in | credits to build armies and navies in 000,000, Then they are through, We |that England, France, Belgium md]Eumpe and further imperialistic policies | must pay the $12,000,000,00 without Italy agree that unless they can collect | on the continent and in Asia. help and also the difference between | the reparations from the United States, “President Wilson in 1920 stated in this 2% per cent interest and the in- |in the form of cancellation of sums to | a letter to Lloyd George as follows: ‘The terest we are paying on the money we | be paid us.under the terms of the debt | United States fails to perceive the logic borrowed to loan them. settlements the agreement with Ger- | in a suggestion in effect either that the “Since the debts were funded, the | Many should not be € and an- | United States shall pay part of Ger- Guvernment of the United States has | Other conference is to be called. | many's reparations obligation or that levied on our taxpayers the sum of $4.- , "Our former associates have taken it shall make a gratuity to the allind 420,000,000 in round numbers to pay to | the position that unless they can collect | governments to induce them to fix such our bondholders the interest on the | War indemnities from Germany their | obligation at an amount within Ger. mmoney that was loaned to the allies |agreement to pay us certain sums in | many's capacity to pay. This Govern These allies have paid in the same time | the next 62 years should be nullified. | ment has endeavored heretofore in & | the sum of $1,677,000,000 to the United | It Was common talk in Europe a year most friendly spirit to make it clear | can taxpayers and agreed to receive an- | States, leaving & net cost to us of cost | 380 that the Hoover moratorium meant | that it cannot consent to connect the nual payments amounting to 25 per |over recelpts of $2,365,000,000. ‘This that all payments on intergovernmental reparation question with that of inter- cent_annually for 62 years. | sum represents the amount of cost to | debts would cease. governmental indebtedness.’ “That this settlement in cffect |us over receipts on this account since | “The Government of the United| “IN ratifying the Hoover moratorium amounts to cancellation of the prin- |the settlement was made and this is | States had at all times refused to offi- Congress attached an amendment to the cipal of the debt is admitted. In a approyimately the amount of the |cially agree to have payments of debts Tesolution of ratification, in which Senate resclution passed June 19, 1929, | Treasury deficit. for money borrowed dependent upon |amendment it was expressed that it is giving the Senate's interpretation of | “You taxpayers who have heard so|the war indemnities. To enter into| the sense of the Congress of the United the debt settlement with France, and | much about the balancing of the budg- | such an agreement would mean that if | States that the sums owed to the United | which interpretation covers in principle | et and the high taxes to balance it reparations cannot be paid, the allied |~ (Continued on Seventh Page) international, are an extraordinary burden at this time, due to the fact that they were borrowed in terms of cheap credit money and now payment must be made in money or commodities | based on the high relative value of gold. But this injustice all debtors must suffer, whether public or private, na- tional or international. The governments | of Great Britain and France and other | European countries have gone a long | way to eliminate this injustice to their | own debtors by reducing the value of | the pound and the franc. The Govern- | ment of the United States so far having | refused to take cognizance of this in- | justice to our debtors, whether foreign or domestic, has greatly increased the | burden of debts to and within the | United States. “It i; apparent that debtor govern- | ments and our own private investors in | foreign securities are combining their forces in a concerted drive against the American taxpayer to place their debts and doubtful investments on the tax- | pavers’ backs,” Senator Henrik Ship- stead of Minnesota, declared in the | National Radio Forum, arranged by | The Evening Star and broadcast overl Specially Purchased to Sell at a LOWER PRICE! 200.Doz. Hosiery Muslin Slips and Gowns Handmade Porto Rican Gowns! Bodice Top or Built-up Slips! In Regular and Extra Sizes 2400 serviceable undermuslins— to prove once more that when Goldenberg's buys for les u can buy for less at Goldenberg Porto Rican Gowns, in white, flesh or peach: hand-embroidered or ap- pliqued. 30 inches long. Slips of white or pink muslin with built-up shoulder or strap top. Sizes 34 to 32. Goldenbers's—Second Floor Another Big Day in Our Boys’ Dept.! BOYS’ WEARABLES Here’s What You Can Buy for Only ]_90 0. 79¢-81 Rayon Polo Shirts, 8 to 16. 39¢-59c Blouses. Irregulars. 39c Wash Knickers, 8 to 11 years. 39¢-59c Wash Suits, 2.to 5 years. 39c-49c One-piece Pajamas, 4 to 8 years. Here’s What You Can 39 C e Buy for Only 59c-69¢ Wash Knickers—linens, coverts, khaki; 8 10 16. 59¢ Washable English Shorts, 6 to 12. 59¢-79¢ Sport Shirts—jr. and youth's sizes. 59c Wash Suits with Long Pants. 79c Mesh Knit Polo Shirts. Irregulars. 59c White Long Pants, sailor style. 59c-81 Koveralls, Lumberjacks. Overalls. 79c Bathing Suits, sizes 24 to 30. Irregulars. Here’s What You Can Buy for Only 590 ea. 79c-§1 Linen Knickers, 8 to 17 years. $1-81.19 Linen Shorts with Belts. - SI Zipper Polo Shirts. fesh knit. ‘Trregul:-s. $1-81.19 Wash Suits, sizes 4 to 10. 3 79c-81.50 Bell Shirts. Irregulars. 89c Sport Sweaters, all acool. +79¢-81.39 W hite Long Pants, 8 to 20. Here’s What You Can 89c ea. Buy for Only $£1.19-21.95 Wash Suits. 3 to 10 years. $£1.29-81.49 Linen Golf Knickers. £1.19-81.49 All-Wool Sport Sweaters. $1.19 Camp Suits—khaki or coverts. $1.49-81.95 AU-Wool Knickers, 8 to I7. $1.39-S1.59 Sport Longies, striped or white. Goldenberg's—Third Floor No Matter How Smart and New Summer Hats Must Go in the July Clearance! $2 10 83.50 Values! Values! 58¢ | $1.00 Hundreds of cool WHITE and Dainty PASTEL hats with floppy or sport brims; also crepe tur- bans, simulated panamas, etc. What bargains they are! $1 to $2 Goldenbers's—Second Floor Here is VALUE-GIVING! . 79¢ Washable Silk Perfect Quality! ‘7 d Smart Range c . of Colors! 1 Our lowest price vet for these popular all-silk crepes whose firm texture and washability make them much in demand. Black, white, over 20 shades. $1 Silk Shantung Crepes Smart...aristocratic-looking -all-silk 54‘0 crepes that launder. White...maize... eggshell. 40 inches wide. ¢ : 1 Goldenberg's—Main Floor You Won’t Worry About the Heat in One of These C-0-0-L Men’s $10 & $12.50 Hot-Weather SUITS @ Pre-shrunk Linens @ Cool Nuratex @ Tropical Worsteds @ Palm Beach @ Stay-Presi Fabrics Cool, hrecz.\':\ \\'cightlcss‘sflits that are tailored according to up-to-the- minute standards to stand up under the sweltering sun. Quality fabrics, pat- terns and fine workmanship! Menr’s Flannel-Like Flannel-like materials (sanforized) Sizes 30 to '42. \ and super- shrunk—colored stripes. Wash like a handkerchief. All the favorites—blues, grays, tans, browns, faney mixtures—also whites. Sizes for every build in regulars, stouts, slims and shorts, Trousers $1.00 Two Direet Entrances to Men's Clothing Department—K Street and Seventh Street . Because They MUST Be Cleared Out Tomorrow— We’ve Reduced 463 DRESSES from $2.95, $3.95, $4.95, $6.75, $9.88 and $15! All to Go at This One Drastic Low Price of @ 42 were formerly $15! @ 67 were formerly $9.88! @ 81 were formerly $6.75! This is the kind of dress event where it pays to a-hurrying out at $1.39! Nite Dresses! | Afternoon Dresses! Heavy Flat Crepes! Sneer Velvets! Evening Dresses! Sunday Tailored Dresses! Sheers! 159 Spring and Early Summer Styles—Sizes 14 to 46 Included @ 96 were formerly $4.95! @® 73 were formerly $3.95! @ 104 were formerly $2.95! be carly—463 high-grade frocks like these will go The wide assortment includes these and other types: Prints! Woolens! Satins! Jacket Dresses! Long-Sleeved Dresses! Short-Sleeved Dresses! Black and Dark Colors! Bright Colors! And Some Light Shades! Goldenberg's—Second Floor Men’s Wear 496 Men’s 89c to $1.29 Shirts 49¢ Broadcloths, madras, jac- quard madras and rayon mad- ras in stripes, figures, plain colors and white. Collar-at- tached and neckband stvles (neckband in_ white only) Sizes 14 to 17 but not in every style, 12%e¢ yd. Formerly 29¢ to 39c! Printed Chiffon Voiles Printed Batistes, Lawns Printed Broadcloths Summer Mesh Fabrics Geldenbe: RTCIR Girls’ Wear Girls' d‘lfi& Silk Dresses—silk piques and prints. Sleeve- less. Broken lots 31'89 Girls’ $1 Lumberjacks — 9= allowool plaide. Large sizes, . SO€ lumber acks. MEITen T e o, 35¢ (1) 91 & L3 Nightrobes of Girls' $1.95 Skirts—roshanara ltx';‘lt $1 hhlbri‘nn l?;\lon Suits —lightweight; ecru color. = Most sizes 5lc (193) 53¢ Neckties—crepes, failles and foulards. Silk lined. 21¢ Good patterns.......... - (408) 35c Rayon Hose — new pastels in mésh or piain }7c weave. Sizes10to1llg...... (3 for 50¢) Stationery 49c Boxed Stationery—i8 sheets paper; 48 envelopes. lsc Box 50c Golf Balls—repaints. 9= For clearance at 3 for 25¢ 49¢c and 69c Boxed Stationery— 39¢ Bridge Prizes—metal ash trays, pencil and score pads Goldenberg's—Main Floor 19¢ Housewares “1& k‘:“:. Ygehzl l‘!:;lll‘y Cabinets— ches tall. 2 adjust- able shelves. Imperfect.: 32'39 ol l2) guweuzl .l‘yitpntly Cabinets— nches tall. just- able shelves. Imper!elct“ $2.98 (2) $7.98 Lawn Mowers—De Luxe brand. Ball bearing, blades, 18-inch size (52) 49c Mothproof Bags—27x58 inches—for 2 or 3 garments. 340 Cedarized. White lined it o ooy pedal sovr. W] nish; foot pedal cover. Galv. inner pail......... 59 (200) 50c Window Screens—18 in. tall, open to 33 in. Galv. 3Q¢ SCTeening .,................ (300) 65c Window Screens—24 in. tall, open to 37 in. screening . handkerchief cloth, crepe or broad- cloth. 16 to 20, Perfects gQ | Sehes—tuck-in models. @] 59 (9) $1.49 Broadcloth Robed—plain Girls’ 59c Beach Overalls 35, colors with contrasting col- sizes to 20. Broken lots.... lars, cuffs and pocket 79 Girls’ 59¢ Undies—muslin; slips, Broken sizes 'C | combinations, gowns, one- 35, (114) $1.50 Sweal wool; | Plece pajamas. Broken lots. ... sieevefess or with sleeves. 7Q, | Infants’ $L95 Pigue Coat and Most sizes. 'C | Hat Sets — maize, blue sl 59 (448) 35c Athletic Shirts Qg Sk and Shorts—full cut. Each. (86) $1 Sport Shirts—broadcloths with low collar, short sleeves; plain colors and white. Most. 54¢ sizes ... (97) 69c Athletic Union Suits ;};zcked nainsook; broken 39': (89) $2.50 & $3 Straw Hatt_broken sies. ... $1-19 (4) $1.95 Bathing Suits—all wool, navy . blue only. - Broken 99 c sizes (86) ‘$1 Summer Caps — mostly linens; 8'4 style. Broken 7Qe 40c & 50c Interwoven 19¢ Pajamas—broadcloths; d middy styles. 4Q¢ (468) Hose—lisles in cordovan shade. Most sizes. Pair (109) §: regulation “C reen Doors—natural galv. 2.8x6.8 ft. (33 lengths) $1.29 Garden Hose— BTl Tenen Gou- er. 25-ft. lengths. - plings included 990 (40) 49¢c Garbage Cans—4-gallon size. Wheeling grade; galv. 33¢ iron with cover. cms (22) $1.19 Tal ps—3-candle style. Green or black metal 79(: base, parchmentized shade.. 10c Decorated Plates—bread and butter and salad' plates; 4-in. 3¢ fruit saucers. Each.......... Goldenberg's—Downstairs Store $1 Priscills RufMle Curtains—plain cream oOr ecru marquisette; also & few colored figures. 69¢ $1.25 Criss-Cross Curtains - —dotted marquisette. Pr... 59c Sash Curtains—{full 9o 89c Tailored Curtains — marquisettes in ecru. Deep 500 hems. Pr. - Felt-Base Odd lots, floor samples, ir- —big reductions. 9x12-ft, — $5.95 & $6.95 volues..,....... 33'95 $5.50 Pair 79c width. Cream and ecru. Pr... GoMenberg's—Fourth Floor regulars and dropped patterns ox15-1f. — $9.00 & - HALF and LESS for Summer Wash Goods Remnants! Tempting assortment in both groups. Jewelry 500 and 69c Necklaces, earrings, tracelets, and brooches; white 29, and color SR = Clearance of Beads, L acelets and necklaces, worth much more! 10 Wanted colors. .. . c Goldenberz's—Main Floor 934c vd. Formerly 19c¢ to 29c¢! Fine Printed Percales Printed, Plain Volles Plain Broadcloths Fast Color Prints In uceful lengths, s—Main Fl Handbags 89c & $1 Handbags—black. blue, green, gray, red or white fabrics; n;lfi, karetols, leathers and suva cloths. ~ Some’ scarred from 3Q¢ Bags—washable karetols and patent trimmed styles. Underarm, back-strap and 4_9 pouches. Bome with zippers. c Goldenbers's—Main Fleor $1 & $1.25 Sheer Hose—picot tops —all perfect. Silk to top. 77 Good assortment c $1 Full-fashioned Hose—lace and mesh, sheer, picot tops. 50 Assortment of shades...... ©2C 25¢ & 49¢ Chardonize Hose — seamless back, picot top; irregulars. Also pure silk seamless hose; ] Q) a few full fashioned : c Children’s 1%¢ Anklets — plain co'ton and rayon plaited; 1/ cufl tops. 6 to 10...... 12)3¢c ubon‘ Sport Hose —7; lengths; all-over patt T e Goldenbers's—Main Floor Rayon Undies 3% Rayom Undies—non-run and plain; step-ins and shortees: 9= tatlored. Medium sizes.... <9C 59 & 79 Rayon Undies—plain or non-run in tailored and trimmed styles. Chemise, bloomers, step-ins, panties, brassiere-top com- 39 binations, vests; broken sizes 0~ C Children's 50c Undies — rayon mesh, tallored. Pantles, 940 bloomers and vests Goldenbers's—Main Floor Window Shades 50c Opaque Shades—white, ecru or green. 3x6 size. Perfects. Each . . . 29¢ 69c American Holland Shades— white, ecru, blue or green. 37 3%6 size. Perfects. Each.... 2 4C $159 & $1.89 Awnings—extra wide, 42 and 48 inches. Woven stripes. Complete with 98¢ fixtures ..... 79¢ Duplex Shades—opagues. ‘White-and-green or green- 49 and-ecru. Perfects. 3x6size. . c Goldenberr's—Fourth Floor Shoes at atmost YOUROWN PRICE! Women’s Footwear White Kid—Blondes Mesh Cloth—Black All Sizes in Lot Remnants & Mill Lengths of 59¢ and 79¢ Silks and Rayons Useful lengths 29c Yd of silk shan- tung, silk taffetas, all-rayon crepes, celanese -moire, etc. Goldenbers’s—Main Floor No Phone or Mail Orders Upholsteries 17 Cretomnes—yard wide, in good patterns. Yd... 10c 59 Rayon Damask—2-tone and plain colors. 36 inches wide. 450 Cretonnes — reversible warp prints. Yd. ' 29¢ $1.69 Bar Barbor Cushions—jaspe in green, rust, with con- trasting binding. Set. 81'25 $5.95 Davenport Slip Covers — 3 pleces with § ;ooce rtl:::;\lm covers, Cretonnes and st material $3.95 iped matarials: oy —striped matarials; fringe Goldenbers’s—Fourih Floor Domestics 59c¢ High-Grade Bleached Sheets 44¢ Seamless quality — perfects; 81x90 inch double bed size. SANDALS 29¢ Bleached Plllowcases—42x36 size. Free from dressing. 180 Each .. Spreads—scalloped 80x105 - inch Q¢ eached Sheeting—high count grade. 39 inch VoK catr 63c $1 Mattress Covers—full and twin sises. Of unbleached sheet- ¢Qc ing 1214c Dress Gi checks; 32 inches Yd. OXFORDS - Many Colors Men’s enni | Bathing Slippers House Slippers House Slippers Boys’ and Girls’ OXFORDS 9% ]_9c Pr. Men's Women’s Children’s Many Styles for Women Never Before ! ! _ C'earance Women’s Footwear Odds and Ends All Wonder Values 88c¢ 39¢ 49¢ Sizes to 6 For Boys For Girls Sizes to 1 For Men All Sizes