Evening Star Newspaper, June 18, 1933, Page 4

AMERIGA IGNORES = FRENGH DEBT PLEA v. S. Note Forcefully Reminds Paris of Unpaid In- staliments. (Continued From First Page) will be glad to confer with you in re- gerd to this matter. “Mirthermore, it is noted that the Italisn government has not made full t at this tfme for the reasons which were presented to this Govern- ment by Finance Minister Mr. Jung during his recent visit to Washington, at which time he discussed Italy’s c 1 ity to y. P e Government of the United Btates, however, would not be entirely oandid if it did not express its thought that a payment of $1.000.000 on a total payment due of more than fourteen million dollars may be regarded in THE SUfiDAY Texts of Letters to France And Italy on War Debts HE text of the exchange between | debt agreement of November 14, 1925, France and the United States| I have been instructed to inform you that on June 13 the Fascist Great | on the June 15 war debts install-| i has passed the following reso- ment follows: lution: WAusmncvrmv. June 18, 1933 “In m;w of the His Excellency ent due to the The Honorable William Phillips, Doited. Siates. on | Ar&nth?% o:: State, June 15 and of the a8 , D. C. f th Mr. Secretary of State: In reply to e e your letter of June 9, my government ence in London, has 1mfizm§ed me wlm;lirm o you the Fascist Great the following_communication: iThe French government had hoped e Pt that the due date of June 15 would $1.000,000 shall be not arrive before the conclusion of an/ st e arrangement on the settlement of the Y th d] war debts, respond- e s E R0 will of the 1an ing to the consid- government and at eI the same time the in the resolution voteq by the Cham- limitations im- | 3 ber of Deputies on posed upon it by | 1 " December 13. the existing llm.-‘ “‘Circumstances, tion. The cm.m:flI unfortunstely, have invites the minister | not yet permitted ©Of foreign affairs to start negotiations 4 the realzation of for the final solution of this problem be- | | that hope, but the fore the payment of next December falls | Signor Rosse, STAR, WASHINGTO! WAR DEBT SLASHES HELD INEVITABLE Reductions Have Been Made at Every Conference From Versailles to Lausanne. BY DAVID LAWRENCE. Substantial reduction of the allied war debts to the United States may now be taken for granted. All the processes of whittling so common in the relation of debtor and creditor have been in operation during the recent ne- gotiations and the hurdles and barriers of moral condemnation for failure to pay have been taken. The truth is the American Congress is being gradually let down. It took several stages for the European peoples to be met face to face with the fact that Germany would pay but a few cents on the dollar. The Versailles conference set the reparation payments at thirty-two billions. Then came the D. C, JUNE 18, 1933—PART T T e e 1319-1321 F Street BOSTONIAN SHOES STETSON HATS French government Que &s provided by the existing debt | Dawes plan, which introduced the idea still thinks that in 88reement.” | of different kinds of bonds, which was the nearest future 1 &m also instructed to inform you only a method of canceling some of a solution ought to| that, in sccordance with the above |the debt. After the Dawes plan came the United States as unsubstantial, and | may occaslon_disappointment on the part of the Congress and the people of the United States.” | A PLAIN Not Regarded Defaulted. Receiving a partial payment from Great Britain, Mr. Roosevelt said he; did not consider the unpaid remainder as defaulted, and consented to discuss the question of revising the British debt agreement. The same privilege 18 being accorded to other debtor na- tions which have made an effort to meet their obligations in part at least Highly appreciative of Finland's full payment of the installment due Thurs- day, the administration told that gov ernment in & note that it was “ready to discuss at the pleasure” of the Fin- nish government the entire debt ques- tion. “The government of Finland, by this attion, justified the high regard with which it has always been held by the Government of the United States,” the note said: “It is sig- pificant that the people of Finland have regarded this payment as an im- portant national obligation and have discharged its terms in full.” Full Payment Demanded. Refarding France's request for re- vision, Mr. Roosevelt had held prior to the second default of this week that the Paris government must pay in full the sum of $19,000,000 which was allowed to lapse last December before he would consent to a study of its debt. It was emphasized yesterday that the President still holds that view, and in addition is veering toward a second condition that a partial payment be made at least on the $40,000,000 in- stallment that fell due Thursday. Acting Secretary Phillips is to confer early next week with Assistant Secre- tary Moley regarding possible dates for these oonversations. Then the diplos imats of the various countries involved | will be notified of the times set. ‘The earliest beginning of such dis- eussion was authoritatively fixed yes- terday for late July. Thus, they would mb}y averl;p the delicate negotia- of the World Eeonomie Confer- ence at London, which in its early di the debt question thfeatened to wreck. Prior Consideration. ‘The administration has endeavored to make it nnflwa that the nations ot least in part will prior in settling 180 had ‘by_Oongress. The ver, 18 on of redue- PLANS EARLY ACTION ON LABOR CONDITIONS Benate Committee Ready to Btart Probe of Mississippi Flood Control Project. B the Associated Press. An early start on'the Bemate’s inves- tigation of labor conditions on the Mis- | sissippi flood control = project was | planned yesterday by the committee in charge. | Chairman Wagner sald after a meet- | ing ef the committee it probably would | begin hearings within & week or two in | Memphis or some other centrally lo- | ey eriginally | agner to hold | She in Washi because of | shortage of funds, but other committee | members felt it would be cheaper for | them w‘n South than to pay the ex- pefises of witnesses to come here. No definite date for opening the in- | quiry was fixed, Wagner sald, but prob- 1t will be decided within & few PRIV. BARTLETTI WINS | MARINE RIFLE HONORS be found for the Tesolution and in view of the representa- problem of inter-| tions already made by Finance Minister goveinmental debts | &m:‘r ;"unx‘duri his mlen‘ visit to . Jsve. in the interest of Washington in regard to Italy's eapacity e Inieuafe. | S0t 1d acoEomdn re- | to pay, the Italian government proposes covery and particularly for the purpose | to make an immediate payment of { of maintaining, as well as of develop- $1.000,000 as an acknowledgment of | ing. the results already obtained. which | the debt pending a final settlement and results are due in so large & measure | that they would be glad to enter upon to the sacrifices of France with respect negotiations for such a final settlement | to her own claims. of the war debt question at the earliest | _“The French government therefore | date convenlent to the Government of | finds itself obliged to postpone the pay- | the United States. ment due on June 15. But it by no Accept, sir, the renewed assurances means intends to break, unilaterally, of my highest consideration. engagements freely entered into, and/ desires to renew to the Federal Gov- emment the assurance that it is al- s ready to bring in all appropriate | His Excellency ways its most active co-operation in| Signor Augusto Rosso, seeking a satisfactory solutios Italian Ambaseador. Please accept, Mr. Secretary of State, | Excellency—In reply to your ex- the assurance of my highest considera’ | eellency’s note of June 14, the Presi« tion, ANDRE DE LABOULAYE. | dent directs me to say that the Govern- WASHINGTON, June 17, 1933, | €0t of the United States notes that His Excellency e g Mr. Andre de Laboulaye, | e Ambassador of the French Republic. | v g Excellericy: The Government of the | el o H United States acknowledges receipt of | oo KoL 05 2 the note of the French government set- Sovernitient of the | ting forth its attitude concerning the gebt due the United | debt obligation due on June 15 to this B o - Government. It notes that the French | ernment notes also | government has failed to meet in whale | the request of the or in part the instaliment due on ex- | iallan government isting debt agreement between the | for an opportu- French government and the Govern- | nity to present rep- | ment of the United States. | resentations con- | ‘The Government of the United States | cerning the entire | must, in all frankness, call attention to debt question and the problems raised by the failure of in reply desires to the French government to meet the | inform you that it payment due on December 15, 1932, | will be glad to con- | which have not yet been solved or even Wm. Philliss. fer with you in re- | gard to this matter. | discussed between the two nations. . Furthermore it 18 noted that the Italian Accept, excellency, the renewed as- surances of my highest consideration. government has not made full payment | at this time for the reasons which were WILLIAM PHILLIPS, presented to this government by Finance ROSS0. ‘Washington, June 17, 1933, Acting Secretary of State. A similar reply was sent to Poland and Belgium, which have not paid the last two instaliments. ice With i Italy on Payment. ‘The text of the exchange between Italy and the United States follows: Wuhln,wn. June 14, 1933. WMWMbIC Wi m:‘mszkamps. ‘Washington, 3 C. ¢ 8ir: With reference to your note of | the 9th of this month, concerning the amounts due June 15 by the Italian government to the Goyvernment of the United States in accordance with the) Minister Mr. Jung, during his recent visit to Washington, at which time he discussed Italy’s capscity to pay. The government of the Umw&um, | however, would not be entirely candid | if it did not express its thought that | & payment of $1,000,000 on » total pay- ment due of more than $14,000,000 may be regarded in the United States as| unsubstantial, and may occasion dis- appointment on the part of the Con- gress and the people of the United States. Accept, excellency, the assurances of | my most distinguished consideration. ‘WILLIAM PHILLIPS, Acting Secretary of State. OVERTON INQURY WL BE LMITE Probe of Fitness for Office to Reopen-in Louisiana Next Octob By the Assocfated Press. The Senate’s Special Campaign Punds | Committee yesterday decided to reopen its inquiry into Louisiana’s 1932 Demo- cratic senatorial primary in New Or- leans next October. The investigation, Chairman Con- nally made clear, will concern itself solely with the fitness of Senator Over- ton to hold his office. Overton defeated former Senator Broussard for the Democratic nomina- | tion, which is tantamount to election, but Broussard has not contested the eleetion, which confines the commit- tee’s inquiry to Overton’s fitness. Should the election be contested, cording to Connally and Senator Logan, Democrat, of Kentucky, the commit- tee's investigation could be broadent in scope to include a number of thini members intend to exclude under the present limitations. PEACE WITH REIGH SEENBY DOLLFUSS Premier of Austria Says Com- mon Sense Will Prevail in End. By the Associated Press. VIENNA, June 17—The assertion | that tension between Austria and Ger- | many over the Naal question cannot be permanent and there is every reason to believe present difficulties will be solved | on the basis of common sense was made | by Chancellor Dolefuss of Austria to- | night on his return from London. | “I am an optimist,” he said. “On | tions which are partly, at least, due to | misunderstanding: | “I am confident that common sense |{in the end will prevail, not only in the | interest of both countries, but in the interest of the peaceful development of Europe.” | Austria Not Alone. The chief impression that he brought | | back from London, where he attended | the Young plan, which brought the pay- ments down still more. And finally came Lausanne, which virtually can- celed the whole thing, for the lump sum amounted to less than a billion dollars, People Never Realized Cuts. After each conference, the people of the countries which had been led to expect German payment were let down. It could not happen in one step. It took several to go from Versailles to Lausanne and a decade of time besides. ‘The American people never grasped clearly that there were any reductions involved in the various funding agree- ments made under the Harding admin- istration. But there were material con- cessions on the interest. Since then the allies have tried hard to trevise the annuities, but without success. ‘The French realistically took the po- sition_that the December payment was superfluous unless an n{rnmem to re- duce was made. The British accepted the Hoover plea to pay the December installment and get a revision later. No such tevision has been forthcoming. Bo the British now try defaulf, but to save faces all around there is & 10 | per cent payment made. It is ealled an act of good faith. Joins the camouflage by saying all rea- sonable people will not call 10 cents on the dollar a default. What he means is that as long as a debtor makes what known as a curtailment, he can hsrd‘l{v be accused of having ignored lebt or permitted it to become an inactive account. Plan 10 Per Cent Settlement. But now that the President thinks 10 ger cent payments are not defaults the ritish will feel that a tenth of the to- tal is a good basis for computation any- how. It may be expected, therefore, that the next move will be an offer to settle the whole thing on a basis of 10 cents on the dollar. Unquestionably this will be refused by the American Government and the American Congress. such a lump sum. namely, & tenth, will be “acknowledged without judice.” And that will be the end of the debt gg’mmu, For while the American €8s can never consent to formal modification, the British and French and other debtors cannot get the con- sent of their respective Parliaments to P nd b0 T Wil arife unti 8o it wi rift until some da; the balance will be cleaned up by : trade agreement or exchange under- standing in which the debts will be used as some kind of an offset to in- crease American trade. Meanwhile, American public opinioh 15 expected | slowly to reeoncile_ itself to non-pay- ment just as the British and French les have by various steps come to he same conclusion about German e bt wiy 1o seiile the debt e way to sef el tion after all. = (Copyright, 1938.) —_—— e Crayfish stll;t Ci'e“vilm. Mississippl River crevasses frequently start from small holes burrowed by crayfish. putes to the followers of Adolf Hitler, & bomb went off today in front of the house occupled by Sylvester Leer, s pro-government leader, at Klagenfurt. A door was demolished and 37 win- dows shattered. In other parts of Klagenfurt, can- non crackers were exploded at the same time, causing much panic, although there was no damage. Vienna police revealed today they had shot and killed one man and ar- rested three others, all identified as Communists, in an attempt to kidnap the son of & Jewish manufacturer. ‘The kidnapers were said to have had litical, as well as financial mo- ives.” They were taken as they lay in_wait for the boy, outside a fashion- able private school, supp! with chlors oform, rope, gags and automobile. STEEL HELMETS CURBED. Organization Dissolved By Nazis In Four German Towns. BRUNSWICK, Germany, June 17 (). —The Nazi government today dissolved President Roosevelt | But the receipt of | | | | { | | STATEMENT about this Sale "Not all the readers of this newspaper will read this advertisement. Not all who read it will care to pay as little as $19.75 for a 2-trouser suit. But . . . we know that if the readers of this ad could look at these suits . . . feel the fine materials . . . examine the careful tailoring . . . see the smart styles . . . the crowd of buyers would be so great that it would be necessary to call out the police reserves. The St. Albans Suits in this sale (and each bears the famous St. Albans label) , are n/ot'a special purchase or distress merchandise, but our finest new Spring stocks of $35 and $45 Clothing. Handsome smooth face year-around worsteds that, until Saturday, wore a $35 or $45 price tag, and most assuredly will bring 20% more than their regular price next Fall after inflation has really done its work. . . . But why do we sell these suits for as little as $19.75 in June? This is not a June sale, but our annuat July Clothing Sale a full month ahead of schedule . . . a value event that all regular Young Men’s Shop customers know and wait for. Put your- self down for a visit here tomorrow. You need these savings—we want the sales. A month ahead of schedule —OUR ANNUAL JULY SALE 650 $t.Albans $35 SUITS | the World Economic Conference, Chan- | the Bteel Helmet War Veterans' locals ‘ Charges Invelve Long. cellor Dollfuss said, was “the reali~|in Helmstedt, Koenigslutter, Schoenin- As » result of Overton's defeat of |zation that Austria is not alone—this 8en and Wolffenbuettel, declaring they Navy Department Announces Re- sult of Competitions Held at all with 2 trousers Quantico, Va. Individual high honors in the Marine Qorps Rifle Champlonship Matches, held at Quantleo, Va. were won by Pvi. Salvatore Bartlett!, assigned to duty with the 1st Brigade, United States Marine Corps. in Haltl, the Navy Department yesterday announced, in making public the results of the shoot that has been g on all week. He made a score of 575, out of & possible 600. More than a hundred Marines from all over the Nation and from the West Indies participated in the matches Today, the Elliot Matehes will be con- ested, closing out. one of the main features of the contest In winning. Bartletti, formerly a ember of Company K, 113th Regiment, nfantry, New Jersey National Guard. oke the record of 573, made by Corpl €. I lane in 1930 Tralling Bartletti were: Gunnery v M. Bailey of Quantico h was also reached by Mudd of Guantanamo Second Lieut. George O Van Orden of Philadelphia. Pa: who made 569, as did Sergt Claude N Marris of Parrls Island, S. C. LOCAL POSTAGE DROP EFFECTIVE HERE JULY 1| Results of Lowered Rate to Be Watched and, if Buccessful, Applied Elsewhere. By the Associated Press A drop in the local postage rate from to 2 cents will go into effect on 1. ‘!!tu change. recently enacted, also @gives the President authority to make | 8 general reduction in postal rates if be finds business that action. The dr will be watched by $ may be applied generally. . Film Extra le;l Poison. HOLLYWOOD, June 17 (#).—Kay ‘Miller, 26, motion pieture extra, died ' said she had Harry 8. Phillips, medical examiner. police Faloves is survived by a conditions Wll’rlnt‘ in the local rate | cials to see what | effect it has on the postal revenues. It E“‘..'.".';. of despondency over | Broussatd last Summer, s number of | charges were brought by Louisiana foes { lof Long, in the main involving Long | rather than Overton, since Long sup- | Dorted Overton and was credited by his opponents with putting Overton in | office. In announcing the hearings would be resumed in New Orleans October 16, Connally said the committee wanted | “to invite everybody who knows any | | facts that go to the fitness of Mr. Overton to submit them with the names of witnesses, in writing, to the chair- ‘man,” in advance of the hearing. John Holland, a_ committee uwe!u-i gator, was said by Logan and Connnlli‘ | to ve coliected s great deal of ln-‘ “urmuuon in Louisiana since the in- | vestigation wa: that tends o show “a very ugly state of affairs” to be looked into. Long on Way to Louisiana. Logan said Long was not involv in the investigation “except in so f&r as the actions of Senator Long might g0 to establish the unfitness of Mr Overton ” ; Long, who served as Overton's coun- sel in the previous hearings, was en route to New Orleans yesterday. n, referring to the fact there was no election contest, said “the only questions this committee can rule on | is whether Overton participated or had guilty knowledge of corrupt practices | or other things that would render him unfit to sit in the Senate” Committee members said they did not intend to re-employ Samuel T. Anell, retired, or other counsel. Anseli served as counsel in the hearings last Winter in New Orleans and clashed re- peatedly with Long. =ity | ENDS LIFE WITH POISON Wife of Frederick J. Smith, New York Publisher, Suicide. WESTPORT. Conn., June 17 (#).— Mrs. Agnes Smith, 39, wife of Frederick J. 8mith, New York phblisher, died to- day 8 few minutes after telling her usband and mother that she had “just taken poison.” A verdlet of suitide was given by Dr. Mrs. Smith, mother of a 6-year-old of =! uu:)umnanupmndvuncem son, was reported by members of her ‘Toledo, Ohio. brother, family as having been in ill health for some time. | little country can count on world sym- | pathy in its struggle for economic and political independence.” ‘The time of the chancellor’s arrival was kept secret because many rumors of hostile demonstrations being xlnnned. The airport when he descended was heavily guarded by police, and only | cabinet members, diplomats and a few | others were permitted inside. All but a handful of over a thousand Nazis arrested by the Austrian govern- ment in its campaign against that party have been released as the result | of & court decision. A National Socialist newspaper yes terday quoted the Vienna Supreme Court as ruling that the mere fact that a defendant was the leader of a Naszi him as guilty of high treason. In another of a series of terroristic actions which the administration im- The Morris Plan Bank offers the INDIVIDUAL the facilities of & SAVINGS BANK with the added feature of offering a plan to make loans on a practieal basis, which enables the borrower to liquidate his ob- ligation by means of weekly, semi- monthly or monthlydeposits. | It is not neces- | | borrow. | were deliberately trying to augment thelr numbers as a counter-balance to | the Nazi storm troops. | ‘The govérnment also forbade a state | rally of the Steel Helmet organization ‘scheduled for June 25 at which the minister of labor, Pranz Seldte, was to speak. REICH SOCIALISTS HELD. 30 Arrested at Hamburg Whin Meeting Is Surprised. HAMBURG, Germany, June 17 (). — Police arrested 30 Soc'alist leaders to- day for an alleged subversive secret meeting attended, among others, by the | former Prussian secretary of state, Police surprised the meeting, climbing up & ladder to get into Socialist head- quarters, which was locked. interrupted last Winter storm troop was no reason to suspect Hans Staudinger. The BANK for the INDIVIDUAL Loans are pass- ed within a day or two after filing application— with few excep- tions. T MORRIS PLAN netes are usually made for 1 year, though shey may be given for any period of from 3 o 12 months. | MORRIS PLAN BANK ! Under Supervision U. S. Treasury 1408 H Street N. W., Washington, D. C. *Character and Earning Power Are the Basis of Credit™ 2 - OO0 00010000 00011100010 PO DD 11011000000 LD 00400060101 00000 A 11102 I 00 AR 0001010040500 00 V40410 LIRS0 T EDMEDANONC LT OLA AR OIDOMANIN 1 $45 St. Albans 2-Trouser SUITS 8 2o fit men of every bulld! NO CHARGE FOR ALTERATIONS \ $2 3.75 ;