Evening Star Newspaper, June 23, 1933, Page 30

BLASS-STEAGALL MEASURE ATTACKED Head of American Bankers’ Association Cites English System in Talk. By the Associated Press. HOT SPINGS, Va., June 23—Fra cis H. Sisson, president of the Ameri- can Bankers' Association, yesterday launched an attack upon what he termed the “basic unsoundness” of the Glass-Steagall b2nking bill, in an ad- dress before the Virginia Bankers' As- sociation. . Mr Sisson contended that “the basic | thing has never “een touched” by the bill, and “that is what we have to come | to—I refer to the English-Canadian sys- tem " “I am sorry to have to disagree with your President about the Glass-Steagall bill,” Mr. Sisson said. “In my point of ew it is an exceedingly dangerous bill will ultimately force its own re- Keys Praises Measure. His remarks referred to an address by S. W. Keys of Glade Spring, presi- dent of the Virginia Association, who praised the bill and asserted it was the | patriotic duty of every banker to sup- | port it “An entire reorganization.’ Mr. Sis-) son said, “seems definitely tc re Assured, | but you simply cannot covir up vice | with that kind of virtue. It is not pos- sible to force the good banks to carry | the burdens of the weak. This has been true in every instance, and it will be true in this instance “To show you the injustice of it, which is another phase, this bill by jts terms wculd wwwire 20 clearing house hanks 3 ew Yorl %l fanot need - at all, to pay 25 per cent of | the bank losses of the entire United | States, and so it spreads all over the countr Cites English System. The speaker said there are five banks in England and those five banks “con- trol all the banks of the British empire.” “But can you imagine any such situa. tion rising under your administration? | Can't you hear the protests if five great banks were allowed to spread their in- fuence over the United States? | “It is not in accord with our scheme | of individualism or political organiza- | tion,” he continued. “It is safe to say| that we have gone too far in abrogating | States' rights. Until Mr. Glass and | some other constructive statecmen can get to the basis of this thing we are | Tot going to cure the ailments under which we struggle. “T would go so far as to say the basis of banking reform will be the establish- ment of a central ban CREDIT ASSOCIATION SCORES TRADE BARRIERS | Two-Way Flow of Commerce Be-| tween U. S. and Foreign Countries | Necessary, Meeting Is Told. By the Associated Press MILWAUKEE, June 23.—American busincss, eager for markets, should buy | frcm foreigners as well as sell to them, | the National Association of Credit Men | counseled in a resolution adopted at| the closing session of its convention here yesterday. There must be & two-way flow of merchandise across the international | boundaries if the world is to prosper, it ‘was observed. The resolution urged removal of “un- fair and uneconomic trade barriers be- tween the trading nations of the world.” { The association pledged co-operation | with President Roosevelt in the admin- istration of new industrial control legis- lation. In this connection it was urged that more emphasis be placed on efforts to establish equalities of credit. | ilipsborn ELLVENTH ST. = BETWEIN Fa G Phone NAtional 1133 It's the Little that make Add just the right white note that tunes up your outfit to a major key, in pique. pique calf, pocapig an e JantzenSuits Every one knows Jantzen rep- resents acknowledged supremacy in swim suits—that's why we keep reordering this popular sun- back model. RELEASES GOLD HOARD | Philadelphia Textile Manufacturer | Returns $120,000 to Bank. | PHILADELPHIA, June 23 (#)—This | | city's largest known gold hoarder, de- |scrived by Federal Investigators as | wealthy textile manufscturer,” yester- | | day turned back $120,000 in gold coins |to a bank. |~ Agents for the United States Depart- ! | ment of Justice disclosed the action, after threatening to reveal the holder's name unless he lived up to the Presi- | dent’s recent decree ordering gold back | to the Treasury. Philipsborn FLEVENTH ST. = BETWELN FaG All American styles for Miss America to wear on the Beach, to the Country Club, and for all Sports wear. Sport Sandals and Oxfords White Fabric T-Strap Sandal...Leather Soles. sl Covered Cuban Heels... ‘White Marcelle ‘T-Strap Sandal.. Leather Soles . Covered Cuba Heels . . ‘White Brocaded Linen T-Strap Sandal . . . Leather Soles...Covered Cuban Heels Things big week ends Kayser Hose 75c Nationally _advertised, known for quality, Kayser now presents both chiffon and service weight hosiery at this new low price Cord Knits $3.95 They're cool with a capital “C,” and just what the doctor ordered for all your active and “passive™ Summer sports. Headquarters for Accessories Philipsborn—Street Floor Pique makes three clever HATS doubly smart . . 2 BUTTONAIRE—with a crown that unbuttons, leaving a brim with crossed straps—ideal for tennis. KOOLER — a brimmed model that offers cool chic with its band of eyelets. ALSPORT—as practical as it is smart, for the top section of the crown unlaces to be laundered easily. NECKWEAR, AIsLE 15 Fmst FLOOR. Cool Chic Underfoot Perforated Buckskin Pumps $8.50 A smart spectator or day- time pump of bucks combined with lizard. WOMEN’S SHOES Perforated Doeskin Gloves $I .65 A glove that may be worn smartly with almost any Summer costume. Of soft, washable doe- skin—perforated as the sketch shows. Groves, Atsie 11 FIRsT FLOOR. A Sand Box —in the sun, mcles ene’ own backyard a fascinat- ing playground. Ang, there is a bright canvas top when it is very hct. Toy STORE, FourTH FLOOR $3.95 100 Ib. sack White Beach Sand, washed, 85c. FRIDAY, JUNE 23, 1933. WooDWARD & lLOTHROP I0™ 1™ F aND G STREETS After These 100 Are Cone, Similar - Quality Women's Topgrain Cowhide Cases Will Be Much Higher Priced Because leather has advanced in price— cases, identical to these, can not be dupli- cated at this low price. We advise imme- diate selection, while you can still buy them at— $4.95 In black and brown; 16, 18, 21 and 24 inches. LUGGAGE FoUurRTH FLOOR. Tomorrow— We Place on Sale Summer Bags | Bags Made to Sell for $1.95 and $2.95 Just at the height of the season— these Summer bags, we are able to offer at this special low price, be- cause of a special purchase. Ch from white and colored PIQUE! white and colored LINENS—and MATELASSE CREPE—in envelope and pouch styles. Fitted with change purse and mirror. LraTHER Goops, AISLE 8 Finst FLOOR. From Sun-up to Sun-down This Summer. .. SPECTATOR FROCK, of white silk crepe wkh separate jacket—tremend- ously smart in town as well as in the country. .. $l6-50 TENNIS FROCK, with a removable back that allows one to suntan according to one’s $ I 0-75 mood ..... AMERICAN GOLFER, exclusively here. Two-piece dress of seersucker, with separate skirt and shirt top $5 with teddy bottom SrorTSWEAR, THIRD FLOOR. GIRLS’ CAMP SUITS, in colors sui Girt $ I GIrLS' FURNISHINGS, FOURTH FLOOR. - Junior Misses’ Linen Sports Sandals $I 95 %\% Girls are simply spending the Summer in these sandals —for they are cool, com- fortable and smart. T-strap style, with leather sole and heel. White, and white with blue, green or yellow. Sizes 3% to0 8. CHILDREN'S SHOES Fourtr FLoom. e e B e Boys’ Wash Suits —in two-piece sleeveless style—are of cotton suitings that arc color fast and fully shrunk. Full sizes. Blue, canary, tan and green. Sizes 4 to 10 51 THE Boys' STORE FoURTH FLOOR. — = “Krinkilite” Pajamas —exclusively here in Washington One - piece styles with short sleeves and short legs— two - piece styles with slip-on short- sleeve tops, of a cool crepe, that re- uires no ironing. ne-piece, sizes 4 to 8 THE Boys’ STORE Fourtr FLoOR. | !-—4&‘ \\1 1111 AN RTTITEEE W PHoONE DIsTrRICT 5300 Cet Under the Shade of a Wide-Brimmed STRAW HAT —If You Would Be Smart The flattering model, sketched, is but one of our varied collection that includes baku, rough straws, ballibuntl, panama, and tuscan. And, you will find them cool as wel smart. 5 MILLINERY, THIRD FLOOR. Our Exclusive Chiffon and Semi-Sheer Silk Hose Offer Real Value at 2 pairs $ I 25 The chiffon silk hose are very sheer. with plaited sole and toe—the semi-sheer silk hose have lisle hem and sole. Summer Shades Hoisery, AIsLE 19 Fst FLOCR. Juniors’ Frocks $7.95 —such as this, are favorites both for their styles and value. Seersucker: irt- ings, pique and ginghams are included. Sizes 11 to 17. Others, $1.95 to $5.95 JUNIOR MISSES' APPAREL FourtH FLOOR. = - Sweater Frocks s With sweaters and = pleated silk or wool skirts. Sizes 3 to 6, $1.75; sizes 7 to 14— $].95 GIrLs’ FURNISHINGS FOURTH FLOOR.