Evening Star Newspaper, December 19, 1932, Page 4

A4 PROMISE OF DEBTS STUDY ANNOUNGED Baldwin Discloses U. S. Agreement in Rejecting Eu- ropean Parley Suggestion. * k%R | | Dealing With World ___ (Continued From First Page.) * dangerous consequence, however, is vis. ible enough in the increased difficul | debtors and creditors. The values be- «Continued From First Page) __ hind a multitude of securities are les- 7 ened, the income of debtors is ins should now be treated as a political ficient to meet their obligations. credit: roblem rather than as a juridical one. | ors are unable to undertake new com- Bre ke doubted if it could be hoped o' mitments for fear of the safety of pres- secure & reversal of the Chamber of 'ent undertakings. Deputies’ decision for postponement of | It is not enough to say that the fall yment of the December interest be-|in prices is due to decreased consump- f:w & commisswa would be created. | tion, and thus the sole remedoyd x:ulhe = b R adjustment by reduced production. Good Will Expression Confirmed. | o 00E L ¥ SN ecreased con- However, he confirmed Premier Paul- | sumption is brought about by certain Boncour's expression of good Will to-‘economic forces which, if overcome, ward America, uttered lest night, and, would result in a great measure of | said France desired to approach the!reloveryof consumption and thus Te- problem quickly “with the maximum |covery from the depression. Any com- | sincerity and friendship.” | petent study of the causes of continued Nevertheless, it was pointed out that | zhnormal levels of prices would at once the cabinet had yet to deliberate on the egiablich the fact that the general question and no decision has been price movement is world-wide in char- taken and international infuences, ties which are arising between many | Another possibility was that M. Paul- | Boncour would ask his colleagues to give him a free hand to deal with Sec- retary of State Stimson through Am- bassador Claudel at Washington, to dis- cover the means most likely to lead to solution of the debt question Paul-Boncour officially took over at noon the premiership and foreign min- istry ’lr%u new cabinet, meeting for the firet time at 3 pm., turned its atten- tion immediatelv to a policy on debts Debts and budget problems furnished the principal items for a ministerial statement it will draw up. Confers With Herriot. The Premier and Edouard Herriot, the retiring Premier exchanged views on pending problems during a cordial half-hour conversation. The new cabinet is expected to de- yote itself first to provisional monthly budgets pending completion of the 1933 budget. and also to means of relieving the treasury situation. Much space was to be devoted to the reported grave | financial situation in France and measures to cope with it. There also will be an allusion. u;e news r L'Oeuvre said. to an organic lrmyp:epleorm plan involving reduction of the term of compulsory military service from one year to eight or nine months. The new minis generally was well received by the pres:. This was noted particularly in the appointment of the experienced Senator Henry Cheron as finance minister. i The speed with which M. Paul-Bon- eour formed his cabinct vesterday was considered to augur well for its future activities. The Chamber of Deputies will decide Thursday whether the cabi- net will continue to function. The statement to be prepared at this after- noon's meeting will be read then and a Yote of confidence will be requested. Message to Americans. In a message to the American Nation. Premier Paul-Boncour promised to nego- tiate the debt problem with a view of strengthening the friendship between the United States and France. “I authorize you to tell the American people that the new government of France over which I preside will do everything in its power to strengthen the good entente between our two na- therefore, have a part in them. Fur- | ther exploration in this field brings us at once to e fact that price levels | have been seriously affected by abandonment of the gold standard by | many countries and the consequent in- | stability and depreciation of foreign | currencies. These fluctuations in them- | selves, through the uncertainties they | create, stifle trade, cause invasions of | unnatural marketing territory, result in arbitrary trade restrictions and ultimate diminished consumption of goods, followed by a further fall in prices. | World War Blamed. The origins of cuirency instability and depreciailon reash back again to economic weaknesses rooted in the World War which have culminated in many countries in anxieties in regard to ! their financial institutions, the flight of capital, denudation of gold reserves with its consequent jeopardy to cur- rencies These events have been fol- lowed by restrictions on the movement of gold and exchange in frantic at- tempts to protect their currencies and | credit structures. Restrictions have not alone been put upon the movement of | gold and exchauge, but they have been |imposed upon imports of goods in | endeavor to prevent the spending of | undue sums abroad by their uationals as a further precaution to prevent the out- flow of gold reserves and thus under- mining of currency. These steps have again reduced consumption and di- n ished prices and are but parts of the vicious cycles which must be broken at some points if we are to assure economic recovery ‘We have abundant proof of the effect of these foi within our ocwn borders. ‘The depreciation of foreign currencies lowers the cost of production abroad, compared to our costs of production, thus undermining the effect of our | protective tariffs. Prices of agricultural | and other commodities in the United ‘smu« are being seriously affected and { thousands of our workers are todav | being thrown out of employment through the invasion of such goods. 1 concur in the conclusions of many | thoughtful persons that one of the first | and most fundamental points of attack is to re-establish stability of currencies | and foreign exchange, and thereby re- ;lelse an infinite number of barriers agalnst the movement of commodities, | i | | { THE EVENING Text of Hoover Message | President Will Seek Co-operation of Roosevelt in Economic Problemg, He Informs Congress. stated that they do not see their way clear to make payments under these agreements for the future. Thus our tion in connection with the debts not heretofore contemplated. Against Cancellation. It is not necessary for me at this time ,‘ to enter upon the subject of the origins | of these debts, the sacrifices already made by the American people, the re- spective capacities of other govern- ments to pay, or to answer the argu- ments put forward which look toward canceliation of these obligations. I may, however, point out that except in one country the taxation required for the payments upon the debts owing to qur Government does not exceed one-quar- ter of the amounts now mpose to support their military establishments. As their maintained armaments call for a large increase in expenditures on our defensive forces beyond those before the war, the American people naturally feel that cancellation of these debts would give us no relief from arms, but only frec large sums for further military preparations abroad. Further. it is not awiss to note that the conteation that beyment of these debts is confined to direct shipment of goods or payment in gold is not a proper represcntation, since in normal times triangular trade is & very large factor in world exchanges, nor is any presentation of the trade balance situation complete without taking into account services, s, for in- stance. American and emigrant remittances alone to most Of 1he debtor countries exceed the amount of payments. I may also men- tion that our country made double the total sacrifice of any other nation in STAR, WASHINGTON CREATION OF DEBT AGENCY INDICATED Early Action Declared Likely in Special Message to Congress. ___(Continued From First Page.) | $1,500.000; Finland, $186.235: Latvia, $148,852, and Lithuania $92,386. French May Be Eligible. If present hopes that France, too, will pay her $19,261432 are realized, she, too, doubtless would be eligible. Defaulting nations from which no in- dications of reconsideration have come are: Belgium, owing $2,125,000; Poland, $4.427,980: Hungary, $40,729, and Es- tonia, $356,370. The situacion confronting the pres- { ent administration, as outlined in quar- ters close to the President, is that Mr. Hoover feels himself at a loss to take the preparatory steps necessary Wwith- out some help from the new adminis- tration. C., MOXDAY, 19, 1932. TOKID PRESS RAPS FRENCH DEFAULT, Calls “War Loans” Mislead- ing—Declares Money Was Borrowed for Relief. By Cable to The Star. TOKIO, Japan, December 19— customary in Japan when the United States embarrasses the International arena. “It finally should be remembered that this word ‘war debts’ is extremely mis- leading except in the case of Great Britain,” the Japanese owned and edit- ed Japan Times here concludes today in | & two-column editortal. “War Loans” Misleading. “Many European States came into ex- istence only after the World War. The money they borrowed clearly was not | tourist expenditure | It was pointed out that diplomatic negotiatlons of the character involved in the debt, Economic Conference and disarmament problems, usually require weeks of preliminary work. With respect to the Economic Con- ference, in particular, the President was said to feel that unless the men who to sit at the confereuce table are appoluted and given an opportunity to prepare before March 4, the gathering might have to be postponed until late next Summer. Situation Declared Urgent. | _Ths message. in its refcrence to the | World Econvmic Gonference, Teiierabed that any actual conclusions reached must remain as heretofore matters be- tween individual governments. The suggestion was, however, that inasmuch bringing about the moratorium which | served to prevent the collapse of many |45 tiese debis could not be entirely | nations of Europe with its reactions | divorced from the general economic upon the world. This act of good will |Situation, & closer co-ordination of | on our part must not now be made American viewpoint on the whole sub- cither the excuse or opportunity for | JeCt Was necessary. demanding still larger sacrifices. |” “The situation is one of such ur My views are well kuown. 1 will not | 8¢ncy.” the message concluded, “tha entertaln the thought of cancellation. We require national solidarity and na- tions.” he told an Associated Press cor- | the general effect of which would be n%ondem' fer issued the u-umem“fiuo‘u’g‘ff utlht!h p““ld“ It mdm: e premier issu | 0 e world. must when he emerged last night from the realized, however, that many countries Elysee Palace after the formal ceremony | have been forced to permit their cur- of presenting msu ;lbinet members o | :;Ilclles u; d;pl"echk; it has not been & President Albert run. | er of choice. Raymond Patenotre, young Amerk‘un-: Al‘ am well aware that many factors born undersecretary for national econ-; which bear upon the problem are purely | omy. pointed out the French Chamber idomestic in many countries, but the merely voted to postpone the December | time has come when concerted action | 15 ga);lnéent to llh'blumbiflesr::l::sfi r}:e; be;l::n ":"mm :kxfi;fld be ;ken in an| redict an amicable se Tl - | endeavor to meet ese primary ques- rponslble leaders in both countries x-e-}uonfi.“1 While the ‘gold Panderd has mained calm and patient. { wor adly since the war due to the Prancois de Tessan, vice chairman of ' huge economic dislocations of the war, ulrt; Cl"h‘mb" Fg;t‘lzn Affairs Comn:fl::e 1)’;&“‘]‘; is stll]l (Ilu unlly practicatble basis which .~¢ sor e postponement Tes- | of international settlements an ne- Sintion’ wiaveiet uilary grummx;“n;:' tary stability so far as e asked that message of g« - w1 | vanced industrial d. It was reported in well-informed par-! mentary currency would aid to sta- Hamentary circles that M. Paul-Boncour; | bility in many quarters of the world. ;ho ;u w?r &un&}s{w:r.lv\;asmol:&;f‘ tk:rfig t lndnny event it is ;!ctémlnly cin-fl: trade | embers of the Herrio ) {and prices must isorganize n voted against the December payment.'some method of moneuzr‘y -ndu';x-1 The Herriot cabinet proposal of pay-|change stability is attained. It seems ment With reservations brought its impossible to secure such result by the downfall. lmdmdual and separate action of dif- SeaiaNot At iimas Vil ferent ccuntries each striving for sepa- rate defense. The new premier. without mention- ol Econemic Pariey. fng debts particularly. said his ministry | iy o tne purpose of discussing would give “the same demonstration™ | . c."anq other e gt for M. Herriot’s policy as the old. H ’ er matters most vital to said further that Senator Cheron's | LS 8nd the rest of the world that we | be pursued as to others. appointment as finance minister "(esu-[h:M joined in the World Economic fles sufficiently that the new govern-| ment will follow the plan of the pre-; eeding one." ‘The life of the Paul-Boncour cabinet | may depend on the support of the So- | clalists, of which he was a former| member. Their widespread bolt from | the Herriot bloc was chiefly responsible for his defeat. The new premier would not commit himself to their platform, | but hoped to have their support. ' M. Paul-Boncour took over the portfolio himself of minister of foreign affairs| which M. Herriot refused and gave up the | war ministry. There were three other| shifts among the Herriot holdovers. Ed- | ward Daladier shifted from minister of | public works to minister of war, Henri| Queuille from posts and telegraphs to | agriculture and Abel Gardey from ggri- | culture to justice and vice president of the council. Georges Bonnet, fo:n director of the budget, became minis: of public works. Cammile Chautemps, whose failure to| % form a ministry led to the selection of | M. Paui-Boncour, continued as min-! ister of interfor. Other appointments and their respec- tive portfolios: Georges Leygues, ma- rine: Paul Painleve, air; Anatole de Monzie, education: Albert Sarraut, colo- ! nies; Albert Dalimier, labor; Charles' Danielou. public health; Laurent Eynac, posts and telegraph: Jules Durand. commerce: Leon Meyer, merchant ma- rine, and Edmond Miellet, pensions. A. C. HAYDEN RE-ELECTED i MUSICIANS’ PRESIDENT' Donald Wade Chosen Vice Presi- dent, J. E. Birdsell, Secretary, and H. C. Manvell, Treasurer. Albert C. Hayden was re-elected to his twenty-sixth term as president of the Musicians’ Protective Union, Local! No. 161, American Federation of Mu-' g ARMY HOLDING MEN Depression Blamed Record- breaking Re-enlistments. for Due chiefly to the depression, officials say, Army re-enlistments are breaking records. For November the re-enlistment hon- ors went to the 15th United States In- fantry, stationed at Tientsin, China. O soldiers discharged for “time up” there were 20, and there were 20 re-enlist- ments without akipping a single meal, Conference where the means and meas- ures for the turning of the tide of business and price levels through remedy to some of these destructive forces can be fully and effectively con- sidered and if possible undertaken si- multaneously between nations, The reduction of world armament also has a bearing upon these questions. The stupendcus increase in military expenditures since before the war is a large factor in world-wide unbalanced national budget:, with that consequent contribution to instable credit and cur- Tencies and to the loss of world con- fidence in political stability. While these questions are not a part of the work proposed for the Economic Con- ference, cognizance of its progress and pos:ibilities must be ever in the minds :u‘t those dealing with the other ques- | tions e problem of the war debts to the d States has entered into this o:ld situation. It is my belief that their importance, relative to the other world economic forces in action, is ex- | aggerated. Nevertheless in times of deep depressicns some nations are un- ! able to pay and in some cases payments do weigh heavily upon foreign exchange and currency stability. In dealing with an economically sick world many factors become distorted in their relative im- portance and the emotions of peoples muct be taken inio account. As Congress is aware the principal debtor natious recently requested that the D:cember payments on these debts should be postponed and that we should undertake an exchange of views upon possible revision in the light of altered world condition We have declined to postpone this payment as we considered thal such action (a) would amount to practical breakdewn of the integrity of these agreements, (b) would impose an | ubandonment of the national policies of dealing with these obligations separately with each nation. (c) would create a situation where debts would have been regarded as being a counter- of German reparations and in- inities and thus not only destroy their individual character and oblig tion. but become an effective transfer of German reparations to the Ameri- can taxpaver, (d) would be no real relief to the’ world situation without consideration of the destructive forces militating against economic recovery, (e) would not be a proper call upon the American people to further sacri- fices unless there were definite com- ions. It is essential in our na- j ticnal interest that we accept none of these implications and undertake no commitiments before these economic and other problems are canvassed and | so far as possible are solved. Of the total of about $125,500,000 due. | Czechoslovakia, Finland, Great Britain, Ttaly, Latvia and Lithuania_have met payments amounting to $98,685,910, despite the difficulties inherent in the "times. Austria, Belgium, Esthonia, France, Greece, Hungary and Polan have not made their payments. In the case of some of these coun. e failure was unquestionably due to in i ability in the present situation to make the payments contemplated by the agreements. | Certain nations have specifically siclans, at the annual election yesterday at Musicians’ Headquarters, 1105 Six- teenth street. Hayden, who also is a director of the federation, was unopposed for the post Other officers elected were Donald Wade, vice president; John E. Bird: secrtary; Harry C. Manvell, treasurer, and Louils G. Bates, Ralph Fox, John D. Lockwood, Jack Powers and J. L. Vanpoucke, membrs of the board of directors. I believe that whatever further sacri- fices the American people might make by way of adjustment of cash payments must be compensated by definite bene- fits in markets and otherwise. In any event in protection to our own vital interests, as good neighbors and in accord with our traditionel duty as wise and fair creditors whether to in- dividuals or nations, we must honor the request for discussion of these questions | by nations who have sought to maintain their obligations to us. The decision heretofore reached to exclude debt questions from the coming World Economic Conference or from | any collective conference with our debtors is wise as these are obligations subject only to discussion with indi- vidual nations and should not form part of w collective discussion or of | discussion among many nations not af- fected, yet it seems clear that the suc- cessful outcome of the Economic Con- ference would be greatly furthered if the debt problem were explored in ad- vance, even though final agreement might well be coutingent on the satis- factory solution of economic and arma- ment questions in which our country has direct interest, Sets Forth Conclusions. Thus from this present complex situation cerlain definite conclusions are unavoidable: 1. A number of the most serious problems have now arisen and we are bound to recognize and deal with them 2. It is of great imporiance that preparatory action should be taken & once otherwise time will be lost while destructive forces are continuing against our agriculture, and business, 5 quate and proper machinery for dealing with them must be cmted’. It is clear that ordinary diplomatic agencles and facilities are not suitable for the conduct of negotiations which can best be carried on across the table by specially qualified representatives, 4. As I have pointed out, the discus- sion of debts is necessarily connected | with the solution of major problems at the World Economic Conference and the Arms Conference. The ideal way | would. therefore, seem to be that some of our representatives in these matters should be selected at once who can per- form both these functions of preparing for the World Economic Conference, (and should exchange views upon the debt questions with certain nations a: once and to advise upon the course to an advantage for some of them to be associated with the Arms Conference Some part of the delegates appointed for this purpose could well be selected from the members of the Congress. On | the side of the executive this is no derrogation of either executive authority or independence; on the side of the Congress it is no commitment, but pro- vides for the subsequent presentation to the Congress of the deliberations, intricacies, reasoning and facts upon which recommendations have been based and is of first importance in en- abling the Congress to give adequate consideration to such conclusions. 5. Discuesions iu respect to both debt questions and the World Economic Con- | ference cannot be concluded during my | administration, yet the economic situa- tion in the world necessitates the pre- liminary work essential to its success. The undertaking of these preliminary questions should not be delayed until after March 4. I propose, therefore, to seek the co- operation of President-elect Roosevelt in the organization of machinery for advancement of consideration of these problems. A year ago I requested that the Con- gress should authorise the creation of & Debt Commission to deal with sit- uations which were bound to arise. The Congress did not consider this wise. In the situation as it has developed it appears nacessary for the Executive to: proceed. Obviously, any conclusions would be subject to approval by the Congress. On the other hand, should the Con- gress prefer to authorize by legislative enactment a commission set up along the lines above indicated it would meet my hearty approval. I had occasion recently in eonnection with these grave problems to lay down certain basic principles: “If our civilization is to b2 perpetu- ated, the great causes of world peace, world disarmament and world recovery must prevail. They cannot preva‘ until a path to their attainment is built upon honest friendship, mutual confidence and proper co-operation among the na- tions. “These immense objectives upon which the future and welfare of all mankind depend must be ever in cur thought in dealing with immediate and difficult problems. The solution of each !of these, upon the basis of an under- standing reached after frank and fair discussion, in and of itself strengthens the foundaticns of the edifice of world progress we seek to erect; whereas our | failure to appicach difficulties and dif- | ferences among nations in such a spirit serves but to undermine constructive effort. “Peace and honest friendship with| e been the cardinal prin- hi: clations. They ale the the world must today stars by we —a world in which our guide its o country must assume its share of lead- | ership and responsibility.” The situation is one of such urgency that we require national solidarity and national co-operation if we are to serve the welfare of the American people and, inde=d, if we are to conquer the forces which today threaten the very founde- tions of civilization. e HERBER' TWHQOVER. The White House, 19,.1992. | tional co-operation if we are to serve the welfare of the American people and. indeed, if we are to conquer the forces | which today threaten the very founda- | tions of civilization.” As soon as the message was received in the Senate, Senator Vandenberg, Republican. of Michigan, asked for a | quorum call 10 bring the Senate mem- Dership to the Chamber for the reading. The document was read by & clerk to | a silent and attentive gathering within ! few minutes, but in the House of Rep- ' D resentatives it was put aside temporarily before reading. Decision to dispatch the message | without delay was made at a White House conference through the morning | between the President and Seccretaries | Stimson_and Mills Mr, Hoover informed congressional leaders of his decision. and a full dis- cussion of the debt situation impended | on_Capitol Hill | Pinal preparation of the message | coincided with announcement to the British Parliament by Stanley Baldwin | | that the United States had agreed to undertake with Great Britain a joint examination of the debt structure. Stimson went to the White House be- m. and conferred with Mr. for the prosecution of the war, and we cannot help but smile when reading and oth try, Huo ing ‘wa “Sett the Un the sin -dy effected between 'nd its debtors, with 2 of Great Britain, either ¢ resented money bor- rowed at. xrmistice, or else in- volved sucl. « reduction of the total indebtedness &s to wipe out all war- time borrowing. bugles sang the truce in 1918. These loans were for reconstruction and re- lief purposes, but it suits & number of European nations to throw dust into the eyes of their peoj haracterzing | them as ‘war loans. Other Papers Agree. | _The Osaka Mainichi and the Tokio Nichi Nichi, among the most influen- | tial newspapers in Japan, carry an identical editorial concluding: “We refrain from commenting on the |attitude of the nations involved. We merely express our regret at seeing |solemn agreements between highly re- spected nations being fgnored and vio- lated. - Whatever may be the attitude of the others, France at least must pay | what it owes and discuss later, if it must. the conditions of payment of the remainder of its liabilities. It is not yet too late for Prance to do s0.” (Copyright. 1932) LOSS EXAGGERATED, MRS. LEWIS ASSERTS! Gems Recovered by Taxi Driver, Worth $3,500 to $4,000, Not $150,-| 000, Senator's Wife Says. " Mrs. J. Hamilton Lewis, wife of the tor from Iilinois. whose lost jewels were returned to her Saturday by a taxicab driver who found them in his Only money borrowed long ater the employment | It would be | fore 9 cab, declared today that the estimate of their value, placed at $150,000 by the police, was & gross exaggeration. Hoover alone for more than two hours. Secretary Mills joined the pair shortly x‘r?nex: ::1: e and remained for more * Tpe gems were worth from 83500 to 3 $4.000. Mrs. Lewis said. She said she While Stimson and Mills declined %0 g ynable to accurately estimate them comment on Baldwin's statement in | gatyrday, due to the confusion of some Parliament, it was recalled that the 1ast eioht detectives and other persons who | note to Great Britain stated clearly | were trying to locate the jewelry. Mrs, | the President “was prepared through lewis seid that Willard Follin.-the taxi Whatever agency may seem pproprate griver, told her that he had carried five ' | in co-operation with your government passengers in his cab Friday night be- | to_survey the entire situation. fore one of them discovered the bag | _ This statement was in the note hur- containing the jewels, checks and more riedly drafted by Mills and Stimson than $200 in cash when he attempted, Sunday before last and handed to Sir (o raise a window. Follin sald he stuck | Ronald Lindsay. the British Ambassa- the bgg under the driver's seat of the dor, at Stimson's home, Woodley. cab and left it there when he returned " N to his home at 4 am. Stivnbenis’ Nete (= Duitan When he arose at noon he said his In it the Secretary of State Wrote &5 yife read in A morning newspaper about follows: the missing jewels. He remembered the “I believe that our future course &s pag in the car, returned to his cab and | pointed out by our correspondence IS found it. He took it immediately to clear. In vour first note of November Mrs Lewis' hotel, the Mayflower. 13 you asked for an exchange of views e . Tl at the earliest possible moment with Yespect to the regime of intergovern- THIEVES FAIL TO OPEN mental financial obl flat}lcn& and, in PANY SAFE your second note, you welcomed the ex- pression of our willingness to facilitate MOTOR COM such discussions, and referred to the desirability of a close examination be- Combination Drilled Aff, but Door | tween our governments of the whole bject in preparation for the inter- Resists Efforts of national conference In my last note of December 8 I re- Robbers. plied that the President of l'.l'le United States was prepared, through whatever Seency ‘may seem approprate in co- last night to break cpen a safe in the operation with your government. to sur- offices of the Trew Motor Co., "1509 vey the entire situation (in which the el debt of the British government to the Fourteenth ’]"""ogm“h - Trew Ty United States necessarily plays a part) ported to police today. g ! and to consider what means may be The combination was drilled off the taken to bring about the restoration of safe, which is on the second floor. stable currencies and exchange, the re- but the thieves could not open the| vival of trade and the recovery of door. To deaden the sound of the prices.” drill, they used oil taken from a drum The situation in Europe was changed on_the third floor. i yesterday by the formation of a new Thieves broke into the Sanitary Paris government under Joseph Paul- grocery store at Third and Massachu- Boncour. setts avenue lntuntg;:t lndl :w}e }f.il:;s‘ | and cif tes valued at , Jol & Economic Phase Discussed. e ] > An unsuccessful attempt was made | | Ohio, attorney, and Rev. R. h we have ever guided | Wotring, 13 Franklin street northeast. The part war debts play in world economic affairs was discussed vester- day by Mr. Hoover and Secretary Mills. This same theme dominated a two- hour conference Saturday in which Mills, Secretary Stimson and George | | L. Harrison, governor | Federal Reserve Bank, participated. | Julius Klein, Assistant Secretary of Commerce. said last night in an’ ad- | dress discussing the world monetary and { | economic conference next month that | | America must bear in min¢ that it | | “is not going to be in a position to sit | back comfortably and blandly suggest | the things it wants the other nations | to do for the common good.” “If we want concessions from others,” he sald, “we may be called upon to make certain concessions ourselves. As to what those concessions might be, I venture no predictions. * * * “Since the whole question of trade revival is so intimately connected with that of public as well as private indebt- edness between nations, it is evident there will be a close connection between a satisfactory adjustment of the war debt situation and the success or failure of the world economic confe ce.” e M’KELLAR WOULD CUT AIRMAIL TO $9,000,000 Supply Bill—Also to Ask Ocean Mail Slash. ixted Press. n of the Post Office De- partment’s airmail appropriation from $19.000,000 to $9.000,000 was proposed today in an amendment to the Treasury-Post Office supply bill sub- mitted to a Senate Appropriations Sub- commjltee by Senator McKellar, Demo- crat, of Tennessee. The amendment, on Which the com- mittee expects to vote tomorrow, also included instructions to the Postmaster General to effect such consolidations of ailmail routes as necessary to bring the cost of the service within the reduced appropriation. Another provision would prohibit ex- tension of existing contracts and lines and ban new contracts. McKellar said he planned a similar amendment covering funds for ocear mail contracts. Proposes Amendment to Turkey will permit the importation of , more radioss s of the New York | C. Saltzman, 1203 | east. the manager, reported. A quantity of cigarettes also was stolen from the store of Sam Chaiken, 2514 Fourteenth street. A pocketbook containing $30 was re- ported stolen from the home of Ernest ewton street north- | Shoes valued at $15 were stolen from the store of Sam Blumenthal, 1812 | | Seventh street, police were informed. CLARKE SALARIES CUT Special Dispatch to The Sta: BERRYVILLE, Va, December 19.— At the recent meeting of the Board of Supervisors of Clarke County, it was de- cided to reduce all salaries under the control of the board 15 per cent for the year 1933, with the exception of the overseers of the poor. Members of the board will be paid for 50 days’ attendance and actual mileage traveled on official business. The COLUMBIAN Baltinere, Phsldefphin, o York AIR-CONDITIONED Some travelers call this the mowt beau- tiful train in America. Comfortable Club-Lounge, Observation - Sunroom, Parlor cars, Individual Seat coaches. Colonial Dine st, convenient sched- ule: air always clean, fresh, comfort. ably and evenly tempered: rabber pads at metal contact points absorb vibra- tion and noise. All this at mo extra fare! Lv. Washington 400 p.m. Ar.N.Y.(42d SL.). . 9.00 p.m. Aany other B& O trains daily to New York. Remember this convenience, too: B & O Motor Coaches meet you at trainsi cliver you and your bags at any onie of 13 central points in New York and Brooklyn. D. 1. Moomuxx, Asst. Gen. Pas. Ageat, Woodward Bldg., 15th & H Sts., N.W. District 3200 B0 “Any Port in a Storm “INO' DRIVES BIRDS TO AUTOS FOR WARMTH France's parade of defaulting debtors ! receives none of the applause that ! that Poland. Crechoslovakia, Finland | inly the enemy coun- | concessions regard- | of getting a living difficult for the birds yesterday when he returned to his aut: stations for them today. radiator to take advantage of the heat. The low temperatures following Saturday's snowstorm made the business This sight greeted a Star photographer omobile. The birds were clutching the Bird lovers were providing feeding FEBULDNG 0 DRY PARIY IS PN |Aims to Become “Genuine Factor” in Future State and National Elections. By the Associated Press The prohibition party has undertaken 8 four-year drive to assert itself as & “genuine factor” in future State and national elections. In announcing plans to rebuild the party in every State and community, Edwerd E. Blake of Chicago, new na- tional chairman, said last night that “the prohibition movement is out upon & new phase” and that the “prohibition party has been promoted by the logic of events to leadership in this new line- up.” A bid for support by all prohibition organizations probably will be made soon through a statement, outlining the partyis aims and policies. “The national commitiee already has discussed possible presidential candi- dates to lead the party in 1936, and the names mentioned included those of Senator Borah, Republican, of Idaho, Gov. Pinchot of Pennsylvania and three others who were the prohibitionist candidates for the United States Sen- ate from their States in the recent election—Dr. E. J. Fithian of Pennsyl- vania, F. M. Mecartney. Columbus. F. Schuler 1 of California. Blake charged dry voters were misled by their leaders in the November vot- ing. and said that since then there had been a “great reaction.” This re- action, he said, had placed the prohi- bition party in the front ranks and that “as the only group which stood true in the recent election, we have earned leadsrship and we are ready.” Americans Warlike, Bishop Says. EXETER, England, December 19 (#) —The Bistop of Exeter on his return from America declared that it would be a “great mistake to suppose that Americans are not a warlike race” and that organized religion is not main- | taining its hold in America. Milk-and-Bread Diet Cures Jobless Man; Weight Also Gains By the Associated Press SIOUX FALLS. N. Dak. De- cember 19.—For six weeks H. M. Butler was jobless and penniless and forced to live on skimmed milk and stale bread. During those six weeks his weight increased from 138 to 170 pounds and he recovered from a stomach ailment which had troubled him for years. Now he has a job and is eating regularly again. But he isn't feeling so good. Raincoats A well tailored, lined- raincoat is a sensible gift he'd never think of buying himself! 8395 .Others—GIFT BOXED e, 20 —Star Staff Photo. | |“RELIGIOUS RACKETEERS”} SCORED BY ARCHBISHOP | Baltimore Prelate Holds $500,000 Has Been Fradulently Col- lected From Public. Asserting that no less then half a million dollars has been fraudulently collect>d from the unsuspecting public during the past 25 vears by ‘religious | racketeers,” the Right Rev. Michael J | Curley. Archbishop of Baltimore. in & letter to the Catholic laity, yesterday issued a stern warning against these deceptive schemes. The prelate declared the appeals come from every corner of the globe, “clothed in & religious or quasi-religious garb He urged the exercise of good judgment in dealing “with religious magazin agents, collectors, bond sellers, mass- intention seekers. and so forth.” Many of the frauds are being perpe- trated on the people of the Baltimore archdiocese, Archbishop Curley said in pointing out that “the Catholic people of this archdiocese have a hundred op- portunities daily to do real good with their money and to place it where it will be of genuine service.” COLLIER PREDICTS APPROVAL OF BEER BILL BY WEDNESDAY _(Continued Prom First Page.) leaders, is studying the measure's pro- vision on distribution. He indicated he would propose an amendment to place further restrictions on the method of distribution. Debate Not to Be Limited. Democratic leaders were holding con- ferences today to muster the greates pessible strength in both parties, ap- parently confident that a sufficient ma- Jority would support the bill. The drys. however, have made plans for a strong attack. Speaker Garner promised the House “as much time as it wants” in debating the measure, which would levy a $5 per | barrel tax and does not impose re- strictions on sale other than existing State laws. A poll being made by Representative Milligan_of Missouri, assistant Demo- cratic whip, indicated about 130 Dem- ocrats and more than 90 Republicans would support it. Milligan added that some who voted for the repeal proposal December > would not favor the beer bill. but or. | the other hand. a few who opposed re- | pea! would favor beer Meanwhile, Mrs. Henry W. Peabody. | chairman of the Woman's National | Committee for Law Enforcement, made | another attack on the legality of the | measure in a letter to Chairman Col- lfer, asserting that women “question the legality of this bill and its presenta- tion to the House for action at this time, or until the eighteenth amend- | ment shall have been repealed.” YEN TO BE CANS ENVOY 10 MOSCOW Wu Considered Likely Choice to Succeed Him as Minister to United States. By Radio to The Star. SHANGHAI, China, December 19.— W. W. Yen, Chinese Minister to Wash- ington, who is at present arguing China's case in the Manchurian discus- | slans at Geneva, is to be China's newest Ambassador to Moscow, according to | word from official circles in Nanking. Yen's successor in Washington has not yet been determined, it is said, but C. C. Wu, former Minister, is considered the likely choice following the patching up of differences with Gen. Chiang Kai-Shek. which led Wu to resign his Washington post last year Yen's transfer to Moscow, with the resumption of normal diplomatic rela- tions between China and Russia, is ex- pected to provide a great impetus to Sino-Russian trade. There is also seen the possibility of Russia’s usurping Japan’s dominant share of Chinese trade, especially in textiles, though other foreign nationals, notably Amer- icans and Britishers, foresee Russia swamping China’s textile, oil and timber markets. Chinese here are elated over the pros- pects of the Soviets' sending a trade delegation here for the purpose of monopolizing the huge market. which is being gradually lost to Japan through the anti-Japanese economic boycott With millions in profits registered by the Soviet oil concern, American and British companies foresee further in- roads in trade here. which is already slumping owing to political unrest and economic causes. © | | CHAO-CHU-WU MAY BE NAMED. Possibility of Appointment as Minister to U. S. Is Seen. KONG, China, December 19 s & result of resumption of dip- | lomatic relations between China and Soviet Russia, unofficial reports were received here that Dr. Chao-Chu-Wu, former Chinese foreign minister, may return to Washington as Minister to the United States. ] HONG! | (). —A: MRS. SABIN QUIZZED BY WOMAN DRY GROUP | { |Series of Questions Asking Views of Wet Leader Is Presented in Letter. | A series of questions asking the vie of Mrs. Charles H. Sabin, anti-prohi bitlon leader of New York, on proh: bition education was presented yester- day in an open letter from the Wom- National Committee for Education | Against Alcohol. | Brookings, tressurer of the comm and quoted from a letter Mrs. Sabin | had written to Mrs. Franklin D. Roose- [yelt, in which she s “‘temperance | can’only be achieved through the influ- | ence of the church, the home and the | school by example and education.” | The committee's letter said some of the groups both supporting and oppoc- ing prohibition would “surely be very glad to have you state precisely” what the school and church should teach about intoxicating liquors. The questions included “Do you think the school and church should "teach the young to abstain or to_drink?” and “in the home, do you I believe that the parents should set the example of drinking or the example of abstinence before the children?” The committee’s position on drinking was outlined as “not moderation, bu abstinence.” RAISE FUND FOR BILL Airport Crew to Provide Injured Pet Hospital Care. PITTSBURGH (#).—Fliers and fleld workers at the City-County Airport are contributing to a “give-Bill-a-break campaign.” Bill. a jovial mongrel dog. appeared at the airport some months ago and became a self-appointed mascot, popu= lar with every one As he streaked out to greet & re- turning plane recently, he was hit by a refuelling truck. Detors said only a long rest in hospital and expert care would save Bill's life “O. K." they said at the airport, “give Bill the best” and the fund- raising campaign was launched Withdrawals from banks in Germany for hoarding have ceased. EISEMAN’S SEVENT H AND F OPEN A CHARGE ACCOUNT Nothing Down—Pay Next Year— SUITS 18 JUST PAY $6 IN JANUARY $6 IN FEBRUARY $6 IN MARCH A big Every suit guar: wear. All selection at sizes this _price. anteed to fit and and models. Smart greys, browns, tans and blues. OPEN EVENINGS UNTIL CHRISTMAS