Evening Star Newspaper, March 10, 1933, Page 15

GREATER EXPORTS SEEN RESULTING Dovaluation of Dollar Also Believed to Cause Price Rises. By the Associated Press. Current devaluation of the American dollar in terms of foreign exchange in wnorganized dealings abroad has led some observers in this country to an- ticipate increased export outlet for sur- plus commodities and a subsequent rise in general price levels. Foreigners pay for American goods in American dollars and as their cur- rency purchases an increased number of dollars, it is explained, they are en- abled to obtain a greater amount of American goods for a given amount of their own currency. It is this devaluation of the dollar in terms of commodity prices—for ex- ample, the requiring of less German or Italian money to buy American wheat— that farm groups have been advocating as & means of getting rid of the huge urplus of exportable products in the Bnl&d States and thereby bolstering market prices for their products. Held No Menace. Henry A. Wallace, prior to his ap- tment as Secretary of Agriculture, said devaluation of the dollar was “no menace at all,” but that it would in- crease the demand for commodities, bringing higher prices at once and lightening the farmer’s debt burden. “If a stabilizing provision were added to the law that set a new value | for the dollar, we should have a pro- gram admirably devi to bring back prosperity in a hurry,” he said. Advocates of & rigid adherence to the gold standard contend, however, that official devaluation of the dollar by the United States would result in countries protecting themselves against an influx of American goods by imposing still higher trade barriers. It would be accompanied, they main- tain, by further depreciation in cur- rencies, pulling other countries off the gold standard, and by a further falling of world prices. They point out that the Supreme Court has declared that contracts prom- ising to pay in dollars equivalent to gold dollars of the present weight and fineness are valid whether our currency | 18 on the gold basis or not. They say | that Federal bonds, nearly all State and municipal bonds and most of the cor- rate bonds are contracts to pay carry- that sort of gold payment provision. Gold Demands Small. ‘Wallace has said in his farm journal that “estimates indicate that not more | than one-fourth of the contracts deal- ing with indebtedness provide for re- yment in gold, and that therefore hree-fourths of all debtors would have been aided had we gone off the gold standard.” “The remaining fourth,” he said, | “would also have benefited as soon as | Congress could act. Congress has the | power to coin money and to regulate the value thereof. “If Congress were to declare Federal ourrency was legal tender for payment of all debts, it is doubtful if any court | would dispute its action, since refusal to approve that action would be an ob- vious injustice to a minority of debtors.” FARLEY GETS AIDE Appoints J. Austin Latimer, News- paper Publisher, as Secretary. J. Austin Latimer, a South Carolina Dewspaper publisher, was appointed today as private secretary to Postmaster General Farley. In addition to running several weekly :pa", including the Williston Way, he rved as secretary to John G. Richards when he was Governor of South Caro- Yina and recently has been secretary to Benator Byrnes of that State. During the Presidential campaign he Ku attached to New York Democratic ieadquarters. — Financier's Death Is Suicide. ALTRINGHAM, Cheshire, England, March 10 (#).—A coroner’s jury returned a verdict of “suicide while suffering from impulsive insanity” at an inquest esterday in the death of Sir William ‘eno, prominent financier, who was found shot to death last Tuesday. ot e R Little Elleen Thompson and Phyllis urch have won 300 medals and cups dancing contests in London. Jurius Garrineker & Co. F STREET AT | A Glorious Showing Here Tomorrow New Spring Clothes for Misses, Junior Misses and Girls Quite the most reasonably priced goods we know of for the style and quality which distinguish them. Our entire Fourth and Sixt the loveliest lines we have e ing dresses, newest coats, brier Sportswear, shoes . . eessory you need. DO 'COME IN WoobpwARD & LOoTHROP O™ U™F axp G Srramts. NO OTHER CAN COMPARE Brings you 20% to 30% longer protection. Perfect safety, absolute comfort is assured: 2 FOR NoTIONS, A1sLEs 21 AND 22, FrrsT FLOOR. TOILETRIES, AISLES 16, 18 aND NGAGEMENT 4 Luther H. Reichelderfer, president of MISS LOUISE DAVIS IRELAND, Daughter of Mrs. A. Davis Ireland of New York, who announces her engagement | to Mr. Charles Pennebaker Grimes of New York, formerly of Tacoma, Wash. Miss Ireland has a wide circle of friends in this city, where she made her home several years ago. —Harris-Ewing Photo. SOCIETY (Continued From Second Page.) at her home, 1810 Lamont street, on Wednesday evening, in honor of her chapter of the Daughter of the Con- | federacy. the Hilary A. Herbert. Mrs. McGee was assisted at the beau- tifully appointed tea tabfes, decorated with the approaching St. Patrick’s day favors, by her sister, Miss Alice Russell, and her daughter, Miss Isabel McGee. ‘The visiting guests were Mrs. Fred L. Vollard, president of the district division; Miss Belva Mullan and Miss | § Lucie Mullan of Catlettsburg, Ky. Mrs. Stuart Walker and Miss Julia McFarland. Mr. and Mrs. Roy Street, accom- panied by Miss Margaret Cheney of Lafayette, Ind., are guests at the Dodge. Mrs. Isadore Kahn announces the bar-mitzvah of her son, Joseph, to- morrow at 10:30 o'clock at the Wash- ington Hebrew Congregation. NEW STYLES FOR MEN APPEAR AT PALM BEACH Masculine Spring Attire at Re- sort Shows Both Imagination and Distinction. By the Assoctated Press. PALM BEACH, Fla.,, March 10.—New styles for men are making their ap-| pearance here and the new masculine Spring attire shows both imagination | and distinction. Gay cravats, wide-shouldered coats, some double-breasted and full-pleated trousers are in order. Striped trousers and snappy sport coats, belted in the back, are seen at smart afternoon teas, at ball games and at cafes. The Pan- ama hat has come into its own. Palm Beach has adopted a new,| featherweight fabric for its sports and| evening suits. And for evening, in-| stead of the black coat, society wears the white, tight-fitting mess jacket with white waistcoat. Shoulders this uuonl are broad and waist lines are slim. | For informal wear & sack suit, with| wide shoulders and slim wuist, in white herringbone or pin point tan, is popular. FOURTEENTH h Floors are radiant with ver shown yotf . ..charm- smart suits, hats, Green- . and we have every ac- TOMORROW Prionz Distmact S300 25c¢ 20, Fmst FLOOR. Town Hires Chimney Sweep. Homnsby, England, has employed & chimney sweep, who will give regular service to house owners for 2 cents & Jur WASHINGTON ASKED 10 AIDROOSEVELT Commissioners Issue Procla- | mation for United Support of Administration. -~ Residents of the District were called upcn formally by the District Commis- sioners today to give united support to President Roosevelt.in handling of the current emergency, without regard to personal interests. ‘The action is in line with the declarg- tion of support for the new administra- tion given recently by Governors of the several States. J o The Commissoners’ proclamation reads “The Commissioners of the District of Columbia join with the Governors of the States in urging unity on the part of the people in support of the President, without regard to any con- sideration other than the common good. “Every American citizen should show his loyalty to the President in his patriotic effort to lead the Nation out of its present difficulties. The situation demands the fullest measure of con- fidence in, and support of, the President to bring about & return of economic, banking and financial stability. “These are days when the spirit of unselfish patriotism should be practiced by all of us.” The statement was signed by Dr. the board; Gen. Herbert B. Crosby, | Police Commissioner, and Maj. John C.| Gotwals, eer Commissioner. It was | drafted by Daniel E. Garges, boara secretary. TALK ON “DRAMATICS” Denis Connell Will Address Mount Pleagant Players. A talk on “Dramatics” will be made by Denis Connell of the National Play- ers before a gathering of members of the Mount Pleasant Players in the Mount Pleasant Congregation Church tonight. Preliminary arrangements for thi Spring program of performances will made by the Mount Pleasant group a the meeting. F STREET AT FOURTEENTH Boys . .. Young Men . .. Tomorrow Be Sure to Pay Us a Visit ... WE HAVE VERY WONDERFUL NEW GOODS TO SHOW YOU...AT PRICES ASTONISHINGLY MODERATE. Our shop for you is filled with smart new suits ...any type you would like to have . .. new topcoats ... hats... Greenbrier Sportswear . .. shoes and all Furnishings . .. with no trouble at all you can secure a marvelous and complete outfit here tomorrow for very little outlay. l ELEVENTH ST. Do call. - BETWEEN Fas G USE YOUR CHARCE ACCOUNT FOR THESE Spring - Coats with shoulder lines that make head lines ‘The double capelets and wide stitched revers give a military air to this tailored coat of beige wool crepe, one of many priced Kolinsky borders the round- ed cape of beige wool crepe with tucked shoulder. lines and ‘clever Ascot ti many priced... Luxurious Silver Fox forms a wide border on the caj this stunning ‘coat of , one of the coat wool cre values priced 29 539.50 one of of lack WoODWARD & LoTHROP 0™ 1™ F AnD G STREETS PHone DistricT 5300 Tomorrow . . . Outstanding Values People And, use your charge account during this bank emergency, on the same basis as in normal times " For Young $].95 GIRLS’ SKIRTS—on body tops for younger girls—in popular jumper and tuck-in styles for older girls. Wool crepe and flannel. Sizes 2 to 18. $].95 GIRLS’SWEATERS or BLOUSES —the sweaters of wool, with short - puffed or long sleeves — plain or striped. Blouses of silk crepe, plaid silks, and cottons. Sizes 2 to 18. $].95 BERET or FEZ—both smart—both favorites of the younger set. In all the new Spring colors and white. Woodward & Lothrop is Official Outfitters of Girl Scouts Complete your uniform for National Girl Scout Birthday Week—March 12th to 18th. REGULATION CHEVIOT COATS with BERETS—a fashion favorite of the very young. -The kind of coat that wears and wears. For boys and girls—2 to 6 years. JuveniLES' APPAREL, FOURTH FLOOR. $5.95 GIRLS’ SILK DRESSES of plain and printed silk crepe, with puffed sleeves and smocking—fine quality and low priced. Sizes 7 to 14. Gmis’ ArpaREL, FOURTE FLOOR. $]0-75 GIRLS’ SPRING COATS—in ever popular polo, tweed sports and wool crepe models. The kind of coats for school, play and dress—some with hats. Sizes 7 to 14, Gms’ Arparrl, FounTe FLOOR. $]6-50 MISSES’ THREE-PIECE SUITS —the newest is this model with both a short and long coat, which may be worn separately or together. ay, blue, and beige. $25 MISSES’ FUR-TRIMMED SUITS —the soft “dressmaker” type, with a fox-trimmed cape which is remov- able to reveal a plain tailored suit. $[9.50 MISSES’ PLAID ORGANDY DANCE FROCK, with Victorian- puffed sleeve jacket, is but one of a large collection of organdy and mousseline de soie frocks. Sizes 14 to 20. Mrsezs’ Surra Avp Daxsses, THmD FLOOR.