Evening Star Newspaper, May 8, 1933, Page 16

FINANCIERS FEAR MEETINGS OF WORKERS IN JEWISH DRIVE SET “':fi'm““" % Do | NEW WAR THREATS ™.z Wall Street Leaders Show- ing Keen Interest in Arms i i Conference. By the Associated Press. $50,000 Relief Fund. ‘There will four * Four Groups Will Convene This|garry R B ma,Acmmmvmu.v )luvick.nemmm LEARN CERRO PLOT LIMA, Peru, May 8 (P).—It was learned from reliable sources yesterday that authorities believe. themselves in possession of all data as to how and by whom the assassination of President Luis M. Sanchez Cerro was planned and organized last week. (The man 'hanredmnmmmimmedl- NEW YORK, May 8—Some of Wall Btreet's leading financial experts ex- press as keen an interest in the Dis- armament Conference in Geneva as in the forthcoming Economiec Conference at London. Economic nationalism, they say, can scarcely end so long as: war threatens. | b It is the threat of war, perhaps more K than anything else, which makes each nation anxious to make itself economi- cally self-sufficient, thus throttling the flow of trade between nations. France, Germany and Italy, it is ex- g:;linud. are paying their farmers huge unties to grow wheat, when the prod- uct as produced on a large scale in ©Canada, the United States and Argen- tina. is available in the world markets at a fraction of the price maintained in those European countries. In the United States, there has long been a movement to provide a domesuc source of rubber, or its equivalent. The labors of the late Thomas Edison in that direction were recalled. At the same time, the great rubber producing Tegions of the world in the Malay Peninsula and Brazil were suffering from record low prices, far below eal- culated costs of production, and huge lu:clu that could not be sold at any price. Some foreign exchange experts ex- press the view that England will b2 Teluctant to stabilize the pound until Japan stabilizes the yen, and doubt that Japan can or will undertake stabiliza- tion until she completes her venture in China. The yen, owing in part to the ‘costs of the Chinese expedition, has depreciated more sharply than the pound, which has enabled the Japanese Ito make inroads into Great Britain’s trade in the Far East, particularly in cotton textiles. It is the hope of the World Economic Conference that it can devise methods through currency stabilization and the removal of trade barriers whereby the nations will once more swap their huge surpluses of goods through a normal flow of world trade, but financial ex- rts here feel that few nations will willing to make themselves de- pendent upon foreign markets for prod- ucts which they can produce at home, even if at much higher costs, until war clouds are cleared away. Poles to Establish Free Port. WARSAW (#).—A free zone will be established in the port of Gdynia July ately alain.) lhemnuflmwnhmmuolflen put into_ effect mflluryhupublhhedrmfinm!w- bldmng-nmmcmrlflpm. Bars are to be closed at the same hour. Police were authorized to search au- tomobiles and pedestrians at night, md the public was warned that pa Mrs. Henry OXenburg, Samuel open fire if their orders are not obeyed AVOID BALDNESS WHEN you raise your hat, are you proud of your hair or are you embarrassed because you are becoming bald? You can es- cape the embarrassments of bald- ness by Cfll‘lllfl(ll'fi a Thomas scalp expert at-once. He will adapt the il 17 year proved Thomas treatment to end your dandruff, stop your £ %Imr, and to promote hair for you on the thin and pots. 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Scientific tests prove that its famous squeegee drying action gives your car ezira road grip and reduces the danger of skidding to a minimum. Remember, this blow-out protection is free...because the new Safety Sil- vertowns, with the Life-Saver Golden Ply, cost not a single penny more than standard tires. Put a set on your car Now and have real protection be- tween vou and the roo” BUY NOW While Prices are Still Low No Extra Charge for Life-Saver Golden Ply Goodrich Silvertown Blow- out Protection is FREE FREE! This handsome Satety League embiem with red crystal reflector to protect you if your tail light goes out. No obliga- tion—nothing to buy. Simply join the Silvertown Safety League at your Goodrich dealer. Traffic Officials endorse Safety League membership. % Goodrich Safefy Silvertown Copyright, 1933, The B. F. Goodrich Rabber Co. NORTHWEST SECTION Barry-Pate Motor Co., 2525 Sherman Ave. Blair Road Service Sta., 6429 Blair Road. Cain & Blackburn, 18th and Columbia Rd. Capital Garage Co., 1320 New York Ave. hnlley I-hr Co., 3730 Ga. Ave. 17“ 'l‘h SL Telsel Tire Nolm'l SEC’I'ION ll.l Mt M! St. New Jefwey Ave. Garage, 419 N. J. Avenue. WITH LIFE-SAVER GOLDEN PLY SOUTHWEST SECTION Riverview Servce Station, 6th and Water Sts. NORTHEAST SEC'I'IOH t least 3 million more men will be back at work by Sep tember WE HAVE INVESTED ONE MILLION DOLLARS IN THAT BELIEF By JAMES H. RAND, Jr., President At least three million more men will be back to work in this country by September. The past two years have crucified every forecast of better times. In spite of that, we'state this as a conviction, for two reasons. The first is our faith in the wisdom of President Roosevelt. The second is that our business gives us a background of FACTS, both here and abroad, to back up that faith. Through 200 branch offices and our 1800 Remington Rand salesmen, we have a continuous picture of every business activity in the United States. Through ex- port offices and dealers in every country in the world, we $ee every fluctuation of international trade. Two years ago our men found bifsiness drying up. Thecause was not over-production. There wasagreater need for shoes, for clothing, for cars, than ever before in history. The trouble was an overburden of debt contracted at high prices. Governments, business, private individuals had gone too heavily into indebt- edness at a time when the purchasing power of money was small. Credit stopped. We could buy no more, and prices collapsed. Then the whole business struc- ture went out of gear. More and more men and women lost their jobs. And people without jobs ‘cannot buy. * s & 8 0 The government recognized that prices had to start up before improvement could set in, and that this could be most quickly achieved by monetary meas- ures. The foundation was laid. The same Remington Rand findings which early revealed the trouble, now point to its end. Our export trade has already responded to the adjustment of the dollar. Treasuries are responding to the easing of debt. Buyers are responding to the strengthening of commodity prices. Money is beginning to move from one hand to another. An estimate of three million more wage-earners back to work by September is conservative. It means a gain of less than 13%. And that means the recovery of only about 11% of America’s loss in employment. For two years we have been working quietly for readjustment of the dollar. We have foreseen it had tocome...and that, with it, economic recovery would start. And we have anticipated our belief by perfect- ing more than 100 new products in the meantime, at a cost of over 1,000,000 for retooling alone. The Remington Noiseless Portable Typewriter has been brought to a new point of perfection. A new line of Safe-Cabinets has been completed. The Powers Accounting Machines have been entirely modernized. Only last month a new all-electrical accounting ma- chine was developed—an important contribution to accounting progress. Every one of these products has a place in the new order of things. They will do more work at the same cost, or the same work for less money. They help make it possible for people to produce more things which other people want and are willing to pay for. They help make it possible for people to earn more and buy more. Business men are now safe in assuming that, thanks to the gold embargo, commodity prices will maintain their rise. The revaluation of gold holds forth pros- pect of a further increase in the prices of commodi- ties, real estate and securities. Business men are also safe in discounting the accomplishment of many other much-needed steps. Among those in prospect are: —liberalization of the Treasury’s banking policy. and the opening of more banks. —new help for trade associations in protecting their industries from the demoralization of price-cutting. —liberalization of credit to employers for the purpose of priming the industrial pump by re- employing people —temporary two-year Federal guarantee of bank deposits. Give President Roosevelt’s program your support by buying, by re-employing, now. Urge others to act now. There are millions of people in this country who have a hundred million unsatisfied wants. Put pay envelopes into their hands again, and watch them make the money move. At least three million more of them will have these pay envelopes by September. That prediction is based on the knowledge of 1800 Remington Rand men who know every kind of business, in every city and in every state. It is based on the actual experi- ence of a business that is a barometer of all busi- nesses, both here and abroad. emington Rand Inc. Manufacturers of Remington Noiseless, Standard & Portable Typewriters. . Remington, Powers & Dalton Accounting Machines, Kardex, Library Bureau, Baker Vawter-Kalamazoo Systems Equipment ... The Safe-Cabinet