Evening Star Newspaper, January 26, 1933, Page 10

9 TripsDaily to Philadelphia 34.50 Round Trip By Bus Via ... New Bus Terminal 633 F St. NW. DI. 4224 Month Old Baby Had Itching Eczema Healed by Cuticura). “When my baby was about a month old eczema broke out in red blotches and blisters on her but- tocks. Theitchingand burning were| 80 bad that the baby scratched and| caused eruptions and the trouble spread. Sometimes she would| scream with the pain of it, and she| lost some rest on account of the| irritation. ““The trouble lasted about relief after using them and inabouta month she was completely healed.” (Signed) Mrs. ] E. Williams, R. D. 2, Hulmeville Rd. and Center| St., Bristol, Pa. Daily use of Cuticura Soap, with| touches of Cuticura Ointment as fragrant and refreshing, is an ideal toilet powder. “Thanks to MENTHOLATM Ive Conquered my COLD! “Good-bye, stopped-up nose, sneezing,and coughing! That stuffy feeling in my head is gone,and I can breathe freely through my nostrils again— thanks to Mentholatum !” If you want speedy relief put Mentholatum in your nostrils to open the air passaes and promote clear breathing. Also rub some vigorously on your chest. You'll be surprised at the quick, pleasant relief. Alo for CHAPPED HANDS MANCHUKUO BANK ADIUSTS GURRENCY New Notes Given for Old by Institution Six Months in . Operation. BY VICTOR KEEN. This is the second article of a series of six on Manchukuo by Mr. Xeen, staff correspondent of the New ¥ork Herald Tribune in China. (Copyright, 1933, New York Tribune, Inc.) HSINKING (Changchu), December 15.—Manchukuo authorities here are | proud of the accomplishments of thei Central Bank of Manchukuo, which, during its six months of operation, has made commendable progress in unifying | and stabilizing Manchuria’s compli- cated currency system. Prior to Japan’s occupation of Man- churia in September, 1931, and the subsequent birth of the “independent” state of Manchukuo, Manchuria’s di- verse and fluctuating currency was at times a severe handicap to the develop- ment of normal commercial intercourse. It was charged, and probably not with- | out justification, that military officials were guilty of manipulating the note issues of provincial banks in such a way as to cause hardships and loss to the farmers whose produce was pur- chased with inflated notes and re-sold by the government in terms of foreign currency at handsome profits. To Facilitate Marketing. ‘To facilitate the marketing of the soya bean crop, Manchuria’s staplevex- | port, the four semi-government banks | bought directly from the farmers, paying them with provincial bank notes | which frequently had greatly depreci-| ated in value, due to inflation, before the farmer was able to convert them into coin or merchandise. The beans were then sold by the banks to export- ers in terms of staple foreign courrency. ‘The function of the banks in the marketing scheme was a recognized and necessary one; the abuse of that function doubtless resulted in hard- ship to the farmers when unsound cur- rency inflation depreciated the value of provincial bank notes. The financial practices of the former provincial banking institutions may have been founded upon necessity and not upon personal expediency, but all impartial observers admit that a uni- fied, stable currency system will be a boon to the economic development of Manchuria, no matter what regime puts | it into effect. | ‘The Central Bank of Manchukuo was established June 15 of this year with a | capital of 30,000,000 yuan, the yuan be- | ing the basic unit of the new national | currency. The yuan contains 23.91 | grams of pure silver in weight and is | roughly equivalent to the Chinese yuan | or so-called Mexican silver dollar. The | currency is computed according to the decimal system, one-tenth of a yuan being designated as a “chiao,” one- hundredth of a yuanas a “fren” and one-thousandth of a yuan as a “l.” Currency will be issued in the following nine denominations: Paper money, 100 yuan, 10 yuan, 5 yuan, 1 yuan and 5 chiao; nickel coins, 1 chiao and 5 fen; copper coins, 1 fen, and 5 li. One American dollar at prevailing exchange rates is worth about 4.78 yuan. “Private” Notes Outlawed. ‘The old note-issuing banks—the Bank of the three Eastern Provinces and the Frontier Bank (in which Marshal Chang Hsueh-Liang was heavily interested), the Bank of Kirin Province and the Bank of Heilungkiang Province—were amalgamated with the Central Bank when the latter opened for business on July 1, 1932. As a result of the merger, the Central Bank agreed to take over the assets and liabilities of the four old banks and to redeem their note is- sues at officially fixed exchange rates. Privately issued bearer notes, of which there were more than a hundred dif- ferent kinds in circulation, were out- lawed and forbidden circulation. One of the first problems confronting the new bank was the redemption and TWO MARKETS 311 7th St. NW. FRIDAY AND SAT. BARGAINS 3146 M St. N.W. ONLY TWO LOCATIONS EGG Mayonnaise Strictly Fresh Country o 20¢ 1, Pt., 8c Pt., 15c Qt., 29c Gal., $1.00 w 22¢ PORK LOIN ROAST.......:lb, 10c The Finest of Liver Pudding or Scrapple. .. . .2 Ibs. for 15¢ Sliced Cooked ... Ib. 23¢ SMOKED PICNICS FANCY STEER PLATE Morrell’s Pride Each Lb. 71/2(: GREEN LINK SAUSAGE ... ..........Ib. 10c Sugar Cured, Very Fancy BACON, any size piece........lb, 1Q¢ ARMOUR STAR PACKAGE LARD. Margarine Fancy Grade Steer Round Steak = 17 c FRANKS and BOLOGNA...........lb, 10c Machine Sliced Rindless THE EVENING STAR. WASHINGTON, D. C., THURSDAY, JANUARY 26, 1933. retirement of g ximately 143,000,000 yuan worth of old banknotes which were still in circulation. In less than six months the Central Bank has re- deemed and retired 50,000,000 yuan in old notes and has issued 42,000,000 in new notes to replace them, leaving approximately 93,000,000 yuan worth of old notes still in circulation. Fifteen different kinds of paper notes issued by the old banks are still in cir- culation in Manchuria, but are ravidly being redeemed by the Central Bank av fixed exchange values and replaced by new national currency notes. The new currency has shown no wide fluctua- tions in exchange value and at present the Manchu yuan is quoted 4 per cent higher than the Chinese government silver dollar on the local exchange. Dollar Movement Checked. A month ago, when silver dollars from China proper could be imported into Manchuria at a profit of approxi- mately 1 per cent, silver dollars were being shipped into Manchukuo in large quantities. This movement of late has been checked, however, because of the gradual increase in exchange value of the new Manchu national eurrency | notes. A phenomenon indicative of the gen- eral confidence in the new national curency of Manchukuo is the fact that while Japanese currency has recently depreciated in exchange value in rela- | f tion to the currency of China proper, the Manchu yuan during the same period has shown a slight appreciation. The Central Bank is a joint stock company organization, “for the purpose of adjusting the circulation of national currency within the state, to safeguard its stability and to control the circula- tion of mony.” Its head office is sit- uated in Changchun, or Hsinking, as the new capital of Manchukuo has been renamed. Branches and agencies of the bank are functioning in most of the citles and towns where the four pro- vincial and government banks pre- viously operated. ‘The business of the Central Bank is divided into the following categories: Discounting or purchasing 'papers, bills | of exchange or other commercial papers; making loans on gold or silver bullion and on foreign currencies; buying and selling gold and silver bullion and for- In next Sunday’s Star touring aids—safety notes. contained. new models. compiled and supervised currencies; recel deposits and mwlng overdrafts; pro safe cus- tody of gold and silver bullion, foreign currencies, valuables and various bonds and securities; making loans on bonds, securities yuan | government papers and other ran guaranteed by the government; collec- umotbflhtoreot:opnm.mw articl in merchants who are regular customers |the instituf of the bank, and engaging in exchange business and negotiating documentary Reserve Partly in Baullion. According to vernmental regula- tion, the Gentral® Bank 1o Tequired to maintain as reserve a sum ea:.elnunt to 30 per cent or more of total amount of notes issued, the reserve to B:b‘l: l:lg;ndcunmnencyr dzpmi‘;‘wlrg or foreign banks in gold and silver ac- counts. The balance of the note re- serve must be in bonds, notes issued or certified by the government, gilt- edged securities or commercial papers. Isoichi Washio, a director of the Central Bank and formerly chief of the foreign _department of the Yokohama Specie Bank at its head office in Yoko- hama, informed me today that the|C! total note issue of the Central Bank to date is 135,000,000 yuan. Seventy-three million yen, or 54 per cent of this amount, he stated, is covered by a re- serve of gold and silver bullion and coin, and gold and silver desposits in oreign banks. The lowest figure which the Central Bank note issue has reached since the institution was es- tablished was 118,000,000 yuan on Oc- tober 10. The Central Bank note issue will be appreciably increased during the com- ing months, according to Mr. Washio, to meet the currency requirements of marketing the Manchurian soya bean crop, which is exported between the months of Noveraber and June. branches of the former provincial bank- ing institutions situated in China proper were closed and payment of their labilities was temporarily sus- pended. Non-Banking Business. A number of the subsidiarjes taken over by the Central Bank at the time of its establishment had been dealing will be found all there is to know about the 1933 automobiles—industry pre- dictions for the year—hints for the care of cars— A complete description of the annual show, Janu. ary 28 to February 5, at the Auditorium will be Besides the special automobile section, two pages of Rotogravure will be given over to pictures of the Whether you are a motorist or a pedestrian, The Star of January 29 will interest you. News of the Motor World has been carefully by G. Adams Howard, Automobile Editor of The Star. THIS year from the date of its establishment the n formerly carried on by the four banks which have been amalgamated into the Central Bank.% ‘The present board of directors of the new bank is composed of three Japa- nese and five Chinese, as follows: President, Yung Hao (former chief of the Pmance Bureau of the Kirin provincial government); vice president, Kyoroku Yamanari (former vice presi- dent of the Bank of Taiwan); di- rectors, Isoichi Washio (former chief of the forelgn department of the head office of the Yokohama Specie Bank), ‘Wu En-pal, Tomio Takeyasu (former manager of the Dairen branch of the Bank of Chosen), Liu Chu-fen, Yasushi Igarashi (former chief of the commer- cial department of the South Man- churia Raflway), Liu Shih-chung and ’hao-hsi. ‘The Manchukuo government is au- thorized to subscribe up to one-half of the total shares of the Central Bank :nndthmmt% ‘unless :pedlfly . e uf - mitted by the government. e In tomorrow’s . this series, Mr. .K::“‘k i i fortunes of Henty “Buy). pow Hrolar lef Executive of Manchukuo. ROBBER GETS 55 YEAR$ Prisoner Convicted of Participation in Two Hold-ups. DALLAS, Tex, January 26 (A).— Convicted without delay by juries which heard two robbery cases sgainst him, Raymond Hamilton last night had been given prison sentences totaling 55 years. Yesterday afternoon & jury convicted him of robbing the Cedar Hill State Bank of $1,401 last October 8. He was given a 30-year sentence on this count. fla.st nlghcu mnfl%m‘y ‘z:gnvlmd him of partici e holp-up of the ‘Neunoff Bros. Packing Co. “iast August 1. His sentence in this case was 25 years, THOROUGH EXAMINATION Optieal Dept. Special Rimless GLASSES «++ At a Price That Puts This Style Well Within Your Reach! WITH FRAME, CASE AND Smart, modern glasses with high-bridge frame . .. white or pink gold-filled. Compound lenses only $1 extra. Dr. DeShazo in Attendance annA Avemtiphs d O W 6% Lenses Street Floor [ —— LOG CABIN SYRUP ACTUALLY MAKES PANCAKES SEEM SO MUCH LIGHTER! £ hot cakes « -« baw:i‘c;, golden And J: ack’s €xac . ‘gweetheart, 1 Log Cabin it. Its deli- HAT'S right, Mrs. Hall! And this is the reason. Log Cabin Syrup has just the right body to really sat- urate pancakes with delicious maple flavor. And as a result the cakes simply fall apart at the touch of a fork. Try it for yourself—and see! To achieve this consistency and flavor, we use three distinct kinds of sugar in making Log Cabin. Delicious Vermont and Canadian maple to give that delicate, mellow maple flavor. Then just the right amount of fine canesugar to give thatsmooth, penetrating consistency that makes pancakes served with Log Cabin seem so amazingly light and tender. Give your husband hot cakes and Log Cabin Syrup for breakfast to- morrow! And you’ll want to use it, too, on muffins'and other hot breads, justasyoudoonpancakesand waffles. Log Cabin Syrup is a product of General Foods. LOG CABIN SYRUP WILL CONTEST KEEPS RICHES FROM WIDOW |5 Enjoined From Disturbing Betate. of $8,000,000 Pending Re- oeivership Actions” SHREVEPORT, La., Js 26—On Ppetition of contesting xm who are Nearly 1,000 oms in Greece sse turning out Oriental carpets. OVERKNOR M) LINTON rates that start at §3 for one and only $1 more for TWO! C. W. RAMSEY, Jn, MANAGER . 1200Ro0ms ano Barns 7th A.vcnuo at 31st Street 1 8.20.8UsEs sTOPATDOOR Opposite- Pennsylvania. Station¥New York City Sinus Infection often Worse than Bad Tonsils Latest Discovery of Medical Science If you go”to the great Medical Library on Fifth Avenue, New York, you will find the latest writings of famous doctors. doctor after doctor states that sinus infection is the MOST dangerous form of focal infection—worse than bad teeth or tonsils. Ii colds, catarrh, sinus headaches, stuffy nose, halitosis caused by nasal mucus or phlegm, or a tendency to say, “What” when people talk to you, i ates that YOU may be subject to sinus infection, take the advice of Nose and Throat Specialists—get the nasal hygiene habit. Every day take a little Sinasiptec and warm water in a nasal douche, In these reports, | tilt back your head, ahd in 5 seconds clear out all that nasty matter from your nose. You will be surprised to | see how much ugly mucus comes out, jand find how clear your head feels afterwards. A million enth stic users of Sinasiptec testify to its value. It is safe, pleasant and simple to use. Your druggist has a large, economi- cal bottle. Tear this out gs a re- minder. Get your package of Sina- siptec today; money back unless you are fully satisfied. Sinasiptec is pro- nounced Sina-siptec. SINASIPTEC Pure Cane Sugar, as refined in this country, h as estab- lished a definite standard of quality by which America’s sugar values are measured and judged. Jack Frost Granulated — Pure Cane Sugar is uni- formly dependable. Why not be certain to get Pure Cane Sugar? You can, if you buy Jack Frost Pack- aged Sugars. Refined by The National L 5K WERE N RA IRTSS/HNG UISANCES HE nineteenth century habit of trudging to A the stores daily to do the family shopping is just ‘as much out of date as nineteenth century fashions. The modern mercha telephone. Accept his nt invites you to shop by invitation. You’ll enjoy the leisure allowed by telephone shopping even more than you enjoy the comfort of modern fashions. A HOUSEHOLD HINT You don’t walk downstairs to turn on the lights| Why do it to answer the tel phone? Install an Exten- slon Telephone. It costs only a few cents a day. The Chesapeake & Potomac Telephone Co. 723 13th St. N.W. w222 MEsropoltan 9300