Evening Star Newspaper, February 25, 1935, Page 10

KEMMERER FEARS " INFLATION MOVES Balancing of Budget and Return to Gold Urged in Town Hall. Balancing of the budget and re- turn to a “statutory” gold standard to relieve the depression were advised by Dr. Edwin F. Kemmerer, Prince- ton professor of international finance, speaking at the Town Hall of Wash- ington at the Shoreham Hotel last night before approximately 1,000 ‘Washingtonians. - Dr. Kemmerer warned his audience that “we are drifting in an ever-in- ereasing inflation current and there dre rapids below.” He said the United States would have been further ad- vanced out of the financial and eco- nomic depression if the Government had held on to the gold standard. Inflationary spending was roundly scored by the speaker. On almost every point where he touched on criticism of administration monetary policies he was questioned at length by the panel, made up of Senator Tom Connally, Democrat, of Texas; Earl Bryan Schwulst, director of the Commodity Credit Corp.; John Dick- inson, Assistant Secretary of Com- merce; Representative John B. Hol- lister, Republican, Ohio, and Repre- sentative Robert Ewing Thomason, Democrat, of Texas. Slow Turnover Blamed. Depressions are not caused by lack of money, but by the slow turnover of currency, Dr. Kemmerer said. He demonstrated this with charts of fig- ures collected since 1919 of the aver- age velocity of money turnover in banks throughout the country. These charts showed the turnover for 1929 was 42 times a year, 34 in 1926 and 23 in 1934-5. ‘The speaker’s advice to monetary chiefs was to slash Government ex- penditures, balance the budget, finance spending out of taxation and the creation of a taxing system that will make every citizen feel the weight of the governmental spending. He advocated an income tax similar to ‘Great Britain's, reaching down to in- comes of $550, and an excise tax of selective nature, rather than a general sales tax. He also asks for the stabilization of the dollar, con- vertible into gold bars at the present rate of 15.5 grains of gold to the dol- lar, instead of what he termed the “de facto gold standard dollar,” which has no gold-buying power. Confidence Prime Necessity. “The prime necessity for recovery is confidence,” Dr. Kemmerer as- serted. “So long as the people lack confidence in the financial policies of the country, just so long will they hold currency out of circulation. People get the idea that if there ‘were more money in circulation all their ills would heal themselves. This is & false idea, there is a superabun- dance of money in this country now. All that is needed is confidence to start money to moving out of our banks and from the pockets of hoarders. “Inflationists have sought to raise eprices, with results disappointing to them, despite their open-market pur- .chase of Government securities, their spending for public works, reduction of the dollar’s gold content, repudia- tion of gold contracts, purchases of gold and silver and lending of Gov- ernment money.” Dr. Kemmerer said there is 21 per cent more gold in the United States than there was in 1929, based on the old dollar. Based on the new dollar, there is 105 per cent more, he said. He sald that in order to whip the de- pression confidence must be restored and that this can come only with a converitble gold dollar and a bal- _anced budget. Only One Agrees. Representative Hollister was the only member of the panel to appear +to evince any agreement with the speaker. He observed, during ques- . tioning, that inflationary measures had hurt wage-earners and the mid- dle classes most, Senator Connally fired several questions, demanding yes or no answers, at the speaker before Dr. Kemmerer called a halt with the observation that such brief handling of the question “might cause me to mislead the audience.” Connally argued that we were on the gold standard when the depression came and that this fact had not prevented the catastrophe. DIONNES GOING HOME ‘Will Push Request for Share in Trust Fund. INDIANAPOLIS, February 25 (#)— Mr. and Mrs. Olivia Dionne are going back to Canada after their appear- ance in e theater here today to push their request for a share in the #$100,000 trust fund established by b DR. FRANK T. SHYNE. DR. FRANK T. SHYNE HEADS PHYSICIANS Tri-State Drugless Doctors Hold Convention Here—Security President’s Topic. Dr. Frank T. Shyne of this city was elected president of the newly formed Tri-State Drugless Physicians’ Association at the closing session yes- terday of their convention here held at the New Colonial Hotel. Dr. Shyne’s inaugural address was devoted to “Social and Economic Se- curity.” Dr. Shyne pointed out that drugless therapy has achieved legal recognition in 42 States and in the District of Co- lumbia and is recognized as a sepa- rate and distinct science. Other officers elected were Dr. Justin C. Wood, Salisbury, Md.; Dr. John Shaw, Richmond, Va., and Dr. Eliza- beth N, Smith of Washington, as vice presidents, Dr. J. K. Kennedy of Baltimore, Md., was named secretary- treasurer, and Dr. C. R. Smith of Washington, Dr. J. T. Blanck, Balti- more, and Dr. Harry R. Bybee, Nor- folk, as members of the board of directors. Dr. H. N. Roberts was elected legislative chairman to head a permanent committee in this regard. The next annual convention will be held in Baltimo: OLD SKELETON VIEWED BY SOVIET SCIENTISTS By the Associated Press. LENINGRAD, U. S. 8. R., Febru- lary 24—The richly = ornamented skeleton of a small child, found pear Irkutsk in an archeological fleld thought to date back 30,000 years, was studied today by the Soviet Academy of Science. Around the neck of the skeleton was & necklace of carved bone heads from which was suspended a plate, made from what was believed to be a mammoth bone bearing a design of three snakes. Md. | under a tombstone, were pointed weapons made of similar bone, as well as the image of a small bird. Nearby were 20 bone ages of women, thought to be figures of god- desses. A plate believed to be made from a mammoth tusk, on which was cut a picture, was among other articles unearthed. A farmer digging in his cellar stumbled upon the find. At the feet of the skeleton, found | large | STAR, WASHINGTON, D. C, MONDAY, FEBRUARY 25, 1935. FEWER PLANTS OPERATING HERE Commerce Department Fig- ures Also Reveal Decrease in Wage Earnings. « Industrial estadlishments operating in the District of Columbia dropped from 485 in 1931 to 386 in 1933, it was revealed by the Department of Commerce today in a tabulation of results of a manufacturing census for 1933. ‘The average number of wage earn- ers employed throughout these years was 7,969 in 1933, as compared to 8,612 in 1931. Wages showed a drop of more than $2,000,000, the 1933 total being $11,185041 and that of 1931 being $13,988,042. ‘The value of prod- ucts showed a much greater decrease during the two-year period, that of 1933 being estimated at $61,284,125, while that of 1931 was $76,928,513. Part of this drop was shown in com- parative cost of materials, fuel, pur- chased electric energy and similar costs, these totaling $20,859,804 in 1933, as compared to $27,621,279 in 1931. The printing and publishing indus- try for newspapers and periodicals numbered the most establishments in the District in 1933 with 67 listed. Wage earners, this classification not including salaried officers and em- ployes in any of the compilations, totaled 1,256 in the printing and pub- lishing industry. Their wages totaled $2,176,344, while the value of their products was estimated at $17,329,274. Bakeries numbered 63 and employed the largest number of wage earners, 1,547. The value of their products was only $7,695,188, however, Wages amounted to $2,205.421. All the industries were grouped in 26 classifications. Ex-Mrs. Astor Sees Enzo’s First Wife To Talk Finances Mother of Fighter Says He and Second Bride Are Happy. By the Associated Press. ROME, February 25.—One by one the peasant-stock family of Erno Fler- monte is making the acquaintance of his wealthy and socially prominent American wife, the former Madeline Force Astor Dick. The handsome ex-pugilist'’s first wife, Tosca, and his white-haired mother were presented yesterday to the second Mrs. Enzo Fiermonte in her luxurious hotel suite. Enzo's mother was still excitedly talking about her visit today. She described her new daughter-in- law in glowing terms and insisted the couple, despite the disparity in their ages, seemed like young newlyweds. “I am so happy that my boy is married to such a charming person who loves him so much,” was the elder Mrs. Fiermonte's enthusiastic com- ment. One of the subjects of conversation at the meeting, Enzo’s mother said, was the financial settlement to be made in behalf of the former boxer's first wife and his infant son, Giovanni. GANG HOLDS UP 200 COSHOCTON, Ohio, February 25 (#).—Patrons of a cock fight in a dance hall near here reported to police today they had been held up by a gang which took from $6,000 to $10,000 in cash and valuables. Conflicting reports indicated the gang numbered from four to six men, all masked. The victims told police about 200 persons were forced to g0 to one end of the structure, where their belongings were taken. The men were armed with pistols and sawed-off shotguns. Cock fight- ing is illegal in Ohio. WALKER “BROKE," HE SAYS IN COURT Former Mayor Answers Summons From New York Creditors. By the Assoclated Press. LONDON, February 25.—Jimmy Walker, dapper as ever, but, ac- cording to his own testimony, empty of pocketbook, appeared in Chancery Court today on two summonses from American companies seeking to col- lect bills owed by the former New York mayor. “I can make no offer at this time,” ‘Walker said, replying to questioning by counsel for Sommers, Inc, who with the 60 East Sixty-fifth street corporation brought the action. “I have no means,” he added. ‘Walker said that during his recent tour of the continent with his wife, the former Betty Compton, stage actress, Miss Compton paid the bills. “During the time you were mayor of New York,” the Sommers’ attor- ney asked, “you were possessed of con- siderable wealth?” “No,” Walker replied, “I had a salary of $25,000 a year, over $15,000 of which was given to my then wife, who caused these debts.” HAVANA NASSAU- MIAMI 11-Day Sunshine Cruises World Cruising S. S. Columbi Rate $125.00 Up Sailing March 2. 16 and 30 PANAMA PACIFICA LINE 743 14th St. N.W. NA. 1614, DOT: Oh no, she’s younger than he is=1 know that! ALICE: But her hands—they’re so rough and coarse and old! DOT: That's because they’re “dishpan” = I must tell her to change to Lux! ALICE: Yes—it keeps my hands simply lovely. And costs less than one cent a day! CITY NEWS IN BRIEF. TODAY. Card part, benefit Ladies’ Ald Society of the Christian and Eleonora Ruppert Home, 1326 Massachusetts avenue, 8 p.m. Dinner, Haverford Alumni, Uni- versity Club, 7 p.m. Banquet, Business and Professional Women, Lafayette Hotel, 6:30 p.m. Card party, benefit Samla Temple No. 51, Daughters of the Nile, 2809 Chesterfleld place, 8 p.m. Celebration of Silver Anniversary Year, El Dorado Club, Hamilton Hotel, 8 pm. Bingo party, benefig James S. Pettit Camp and Auxiliary, United Spanish War Veterans, Fourth street and Pennsylvania avenue southeast, 8:30 pm. TOMORROW. Dinner, Delta Chi Fraternity, Ham- {lton Hotel, 7:45 p.m. Address by Sigred Larson on “Pi torial Photography,” before Washing- ton Photographic Society, 917 Twenty- third street, 8 p.m. Annual p.m. Address by Joseph Katz, before Advertising Club of Washington, Na- tional Press Club, 12:30 p.m. Card party and dance, A. & P. Tea Co., Wardman Park Hotel, 9 p.m. Banquet, Southeastern Building :nd Loan League, Mayflower Hotel, pm. Dinner, South Atlantic Holy Cross Club, Mayflower Hotel, 7 p.m. Card party and dance, Italian World War Veterans, Mayflower Hotel, 9 pm. Address by P. T. Staples, on “The Tennessee Valley,” Industrial National Forum, 1418 Q street, 8 p. social and card party, under auspices of the League of the | Sacred Heart, benefit Church of the|d Nativity, 6000 Georgia avenue, 8:30|H His Best Friend Phone NOrth 3609 J. EDW. CHAPMAN 37 N St. N.W. Told Him It was his wife and she told him the truth. But she didn’t say he had “bad breath.” Instead, she said “My dear, you n Tablets.” A hint to the wise was sufficient. Don’t wait for some- one to tell you. If you feel slug- gish, headachy, dizzy, or bilious, due to constipation, you may be quite sure your breath is telli: others. Get a package of E-. Tablets today. At all good drug stores, only 25¢. —Advertisement. Now They’ve Found AWay to Restore Natural Whiteness to Dull Teeth Off-color teeth ruin otherwise attractive women Makes off-color teeth look shades lighter A Discovery That’s Bringing New Attractiveness to Millions There is now a way to restore the natural whiteness to your teeth. A way that makes or- dinary uncleansed teeth look almost at once. Results are among the most noticeable known to moderndental science. Peopleby the millions arequitting old-time toothpastesand adopting it. It is called KOLY NOS, and is the discovery of N.S. Jenkins, one of the most widely known dental scientists of this generation. Acts On New Principle It acts on an utterly different dental theory 5 shades lighter notice them at once. A new lightness, clear- ness, and brightness to your teeth. Sparkling natural whiteness restored—a smile that charms and attracts. — instantly banishes that yellowish film-stain from teeth. And, at the same time, destroys bacteria that foster ugly teeth and decay. Results are quick and immediate. And you Get Tube at Druggist’s Everywhere men and women say it literally transforms the appearance of one’s teeth. Try it. Get a tube of Kolynos Dental Cream at your druggist’s today. You will be delight- ed and amazed at what it does. You will see the difference in your own miirror. Your friends will see it when you smile. KOLYNOS DENTAL CREAM OUR BOARDING HOUSE DISCOVERS THROAT-EASE. . hy Gene Ahern the Canadian government for their ; quintuplet daughters. Leon Kervin, personal represent- ative of the Dionmes, explained their plans, emphasizing, “They don't want the money for themselves. They simply want actually to be parents to all of their children, and to have enough money to bring them up.” NATURE| STOPS COLDS when you lend a helping hand Plenty of fresh air is nature’s way of curbing a cold. But it is certainly reasonable that you cannot breathe in fresh air when your nostrils are clogged. ‘The way to help nature rid you of that cold is to open up wide the air passages. Ephedrinated Vapex Nose Drops will do it—instantly. You can feel them penetrate to the inner- most s and clear them so that fresh, cooling, healing air can soothe the cold-inflamed mem- branes. | But be sure you use Ephedrinated ‘Vapex Nose Drops. They are differ- ent from any other cold remedy ever made. They contain Vapex, that fa- mous war time discovery for colds, and ephedrine, which is prescribed by doctors ip the treatment of colds. Get_a bottle of Ephedrinated Vapex | Bose DrcBt Sorer-and Keen that cold from‘ getying a real start.—Advertise- ment. Major Hoople has taken the words right out of his master’s voice! ], for one, am delighted at the Major’s dis- covery. For he is the chief bread-winner in the Ahern family—so, I’m for anything that will keep him in good voice. I know Old Golds will, because I’ve been smoking them myself for six years or more, and my throat is as happy as the Major’s smile when he hears the dinner gong.” (Sipned) GENE AHERN Gene Ahern was born in Chicago in 1895. After leaving art school in Chicago he joined the N.E.A. syndic.te service in 1914. His famous car- toon serial, “Our Boarding House,” was introduced in 1918 and today is followed daily by a delighted audience of 25,000,000 newspaper readers. 7 A /% EGAD LADS<IVE SMOKED )7 YOUR OLD GOLDS FOR A WEEW, & AND I AM FORCED FOR ONCE TO ADMIRE YOUR SUDGEMENT | ¢ —~_BY SOVE, THEY ARE SO EASY AND GENTLE ON MY THROAT, T SERIOUSLY THINK TLL RESUME MY CONCERT SINGING FOR THE WORLD PACK 2 Z 1 TO THRILL AGAIN AT MY RICH MELLOW BASS VOICE AMERICA’S S:m,oo#wyt A K ! - SNATCH ANOTHER ~_AND IF YOU FLOP ON TH' CONCERT STAGE, YOU CAN ALWAYS GO BACK TO HOG cALLING/ CIGARETT 7 MAJOR 1 FIGURED YOU WERE & SMOKING "EM ~—— HAVEN'T HEARD YOUR, SEA- LION COUGH LAaTELY ! E; No better tobacco grows than is used in Old Golds. And it's pure. Easy on m, THROAT and NERVES.