Evening Star Newspaper, July 29, 1935, Page 5

.. CREDTR ROPER DECLARES Investment Receipts Are 3, Times Payments by This Country. By the Associated Press. Uncle Sam owes less money abroad than foreigners owe him. Figures to substantiate this asser- tion were made public yesterday by Becretary of Commerce Roper. The | statement was in contrast to the views of George N. Peek of Export- Import Bank, who recently questioned the Nation's creditor position. Dollar Bonds Repatriated. Secretary Roper said in a fore- word to the Commerce Department’s report on the balance of interna- tional payments in 1934: “Despite substantial repatriations of foreign dollar bonds in recent years, and numerous defaults, the long-term | international creditor position of the Dnited States is emphatically demon- trated by the fact that our annual eceipts on investment account were ppproximately three and one-half | times the estimated interest and divi- Hend payments by this country to {;&iden!fi of foreign countries on their | vestments in the United States.” * On May 5, Peek reported o Presi dent Roosevelt that the Nation's cred- Ytor position “appears to depend” on | %he true value of defaulted war debts end out-of-date estimates of direct | Fapital investments in foreign coun- tries. The department's report fore- fold a “wide-scale survey.” * Roper conceded that the “abnor- mal character” of many international Yransactions in 1934, due to dollar de- waluation and political unsettlement 3n several European “gold bloc” coun- tries, made it “exceedingly difficult to | identify or appraise the various move- | Jments involved.” H Foreign Capital Comes Here, He said, however, that American | Junds which were expatriated in 1933 yeturned after the dollar was re-| wvalued, and that European unsettle- | ment periodically influenced the ex- patriation of foreign capital to the Dnited States. | ; Roper said he viewed these move- | iments as “due to special influences | hich will tend to correct themselves | any experiment at the present time,” | intellectual leacers left the country. “We do not | The more conservative members joined eand not as indicators of a permanent Yrend in our international creditor- tiebtor position.” His gauge—interest &nd dividends—showed the country Feceived $453,000,000 from aboard while paying out only $126,000,000. | ! The Commerce Secretary stressed that “while it is impossible to measure accurately the effect of the devalua- | tion ol the dollar upon our foreign ! trade, it is significant that the mer- | thandise export balance of $478,000,- 006 was the largest since 1930. ROOSEVELT RULE HELD EGOTISTICAL Col. Robert R. McCormick Charges | S | Administration With Pro- | longing Depression. By the Associated Press. GREEN BAY, Wi | obert R. McCormics, publisher of | the Chicago Tribune, last night charged the Roosevelt administration with prolonging the depression be- | cause of “reckless legisl2tion and ego- | tistical administration” in an address before a regional Repubiican confer- ence. Reviewing the Nation's progress in &cience and invention since the Civil | War, Col. McCormick said: | “We know that the depression came | upon us as a consequence of the | great war. We have remained in it because of the most reckless legisla- tion and egotistical administration this country has ever experienced.” | The World War, he said, was car- | ried on by the party in power with more attention to political advantage than to the welfare of the soldiers or the cause of victory. July 29.—Col GEORGE WASHINGTON'S BRAIN TRUST REVEALED Professor Says Book Will Show | First President Guided by Jay and Hamilton. B the Associated Press. UNIONTOWN, Pa. July 29.—Prof. Frank Monaghan of Yale says he will | prove in a book coming out next | month that George Washington had | a “brain trust” which suppiled “prac- tically every important policy” and guided the “every step” of the Father | of Our Country. | “I have been able to show that John Jay, first justice of the Supreme Court, | and Alexander Hamilton, first Secre- | tary of the Treasury, formed Wash- | ington’s brain trust,” said Monaghan. | The professor said he had worked four years in compiling the book, | *“John Jay, Defender of Liberty,” con- | sulting the justice's private papers and other sources of information. AUTO RACE DRIVER KILLED. FLAGSTAFF, Ariz., July 29 (#)—| Kenneth (Millionaire) Baker, 22, of | Pasadena, Calif, was killed in an| American Legion auto racing program | here yesterday when his car collided | with one driven by Bob Hornbrook of Phoenix, Ariz. Tahiti Culture Being Driven Out By Machine Era Picturesque Customs Die—Beauty Parlor Lat- est Modernization. By the Associated Press. PAPEETE, Tehiti, July 29.—Natives of this roman*ic South Sea isle today ruefully awaited civilization’s final conquest. In steady and unyielding proces- sion have come automobiles, electric| lights, filling stations, radios, electric refrigerators, telephones and movies. From a quaint simplicity, life here has been transformed into the counterpart of most any thriving, bustling Amer- ican city. But it was not until today that| ground was broken—for a beauty parlor! \ Native customs, fashions, folk music and habits are fast disappearing and may now bc found only in the more remote islond regions. Younger folk prefer to foregather under some sway- ing palm and croon “It's Springtime in the Rockles” or other jazz-age | I worked with many others for the re- | would be a political union between | | which forms the crux of the anti-| THE EVENING Cause of $19,000,000 Dispute A ramshackle, wooden fefry. buil soldier, threstens to cost the State of the Federal Government's order that a new bridge be built at Balls Ferry, shown above, which began hetween Gov. Talmadge of Georgia and Secretary Henry Wallace, but which later involved President Roosevelt t many vears ago by a Confederate Georgia $19,000,000. Argument over and the entire State corigressional delegation, has resulted in the withhold- ing of the State's $19,000,000 Federal road allotment. Efforts for a settle- ment of the dispute have failed thus far. —A. P. Photo, Chancellor Says Experiment Is Unde- sirable at This Time—Rumor De- clared “Absolutely Unfounded.” BY GLADYS BAKER. VIENNA (By Mail).—At a time when European chancelleries are uc~‘ tively discussing the proposed restora- | tion of the Hapsburg dynasty, Chan- cellor von Schuschnigg was asked if he personally thought restoration | vould be to the advantage of Austria. | “I do not think Austria could stand | the chencellor replied. want to take anything in hand which might not work out. I think for the present it would be best to leave things as they are. | “Restoration,” he added. “is not a | | question of the emoticns but the in- | joined the Nazi ranks. tellect. Therefore I am neither for | it nor against it. It is not a matter of how I personally feel about it. I must do what is best for Austria.” Emphatically he denied the proph- ecy of restoration which has become almost a slogan here. “Preposterous! A rumor. absolute- | ly unfounded. The government will avoid any action which might disturb the development of Europesn peace. Anything that would cause outside trouble would be disastrous to Austria.” At Desk of Dollfuss. The interview took place in the gold and damask study of the th-I toric graystone building on Ballhaus | platz. The 38-year-old chancellor zat at_the desk formerly occupied by the | assassinated Dollfuss, whose dying request had been that Schuschnigg should succeed him. Asked if there would be denger of a Royalist coup detat should the Archduke Otto return to Austria, | Chancellor Schuschnigg said: “I do not believe the Hapsburg family will ever try to come back through a coup d'etat. A forced restoration is against the principles of the Royalists. The government with its army and its strong executive forces would be able to repulse any revolutionary move- ment.” Referring to the laws raseed by Parliament revoking the banishment of the Hapsburg family and restoring their confiscated prop- erties, he observed:” 1 “The legislation has absolutely no | political significance. It does not mean that we are one step nearer the | return of the monarchy. It was the | righting of a wrong. Even when there was no question of restoration, | recently | peal of a decree which was unjust to the Hapsburg family.” He said it was quite unlikely that a regent of Hapsburg descent might be | appointed until the monarchy ques- | tion was seftled. I asked him if there Austria and Hungary. such as existed before 1918, in the event of a Haps- | burg restoration in Austria. Dismemberment Mistake. He reached for a cigarette, lit it, and thoughtfully replied: “I consider the dismemberment of the old Austro-Hungarian monarchy a great mistake. But we have to ac- | cept facts as laid down by the treaty | of Si. Germain. Austria has no revi- | sionist tendencies.” “Has Austria ambition to recover any of her lost territories?” “We are not looking beyond our own borders,” he said. “We feel our- | selves strong enough to build our own | home with our own forces, If the same policy were observed by other | states I see no reason why we should not live peaceably together. Austria has no aspirations to regain her for- mer possessions.” But it is fear of territorial revision | restoration row in Europe. The little entente leads the chorus of opposi- tion. Rumania fears Austrian resto- ration would also mean a king on the | throne of Hungary, where legitimitism is running high, and bring about a return of Transylvania and other provinces which, prior to the Trianon treaty, belonged to Hungary. In Yugoslavia, restoration is a burning | question. The Croatians have never been reconciled to being Serbian sub- jects. Only recently Cuchoslovnkml has shown a less active opposition, preferring restoration to a possible “anschluss.” France, fearing the spread of Nazism in Austria, is ready to about-face on the Hapsburg question, but she is still bound by he. treaties to support the little entente. It is said Italy shares the views of France. England, with an eye on coming elections, looks on with more or less indifference. Ger- many is violently and vocally opposed. Independence Vital. Dr. Von Schuschnigg was asked: | “Do you think there is any chance of Austria's reconciliation with Ger- many?” | “There would be immediate recon- ciliation,” he said, “provided Germany recognizes unreservedly Austria’s abso- lute independence as a state. The matter is now out of our hands.” Dr. Von Scruschnigg is the young- est government leader in Europe. But his earnest face and prematurely gray Hapsburg Restoration Rumor Attacked by Schuschnigg | have come together, but I do not be- | support from across the border.” | perimental farm of the Government hair show the strain of responsibilities. His humor reveals itself only -by- the| ’ faint glimmer of a smile in the calm gray eyes. Turning to the political situation at home the charcellor discussed the So- cialist movement and the growth of Nazism. “There is no organized Socialist movement.” he said. “After the up- rising of last February, most of the the new trades unions and the pa- triotic front. Radicals of both the former Socialist and Nazi parties may lieve many moderate Socialists have “The Nazi movement was and is kept alive by cutside propaganda and | could not exist except for financial by the North American | (Copyright. 1935, Newspaper Alliance. Inc.) NEW MATANUSKA “REVOLI" FEARED Colonists Reported Opposed | to Withdrawal of Farm Head. By the Associated Press. ANCHORAGE. - Alaska, July 29.— Irate at reports that Don Irwin may be withdrawn as head of the Mata- nuska Colony Farm Division, a large number of colonists have threatened to quit the project, visitors from the Matanuska Valley reported here to- The colonists were circulating a round-robin petition that Irwin be retained at Palmer. Irwin was “loaned” to the colonvy by the Alaska University Agricultural Extension Service when selected Mid- westerners were taken off relief rolls and brought north to undertake farm- ing under Government supervision in the Matanuska Valley. Reported Change in Fall. The report that roused the colonists was that Irwin would return to his old post this Fall as head of the ex- and the Alaska University. Not content with conditions in the colony, several families have left for their homes, and the possibility that Irwin will return to his old duties as soon as the colony is settled caused new dissatisfaction over sthe week STAR, WASHINGTON, D. C, MONDAY, JULY 29, 1935. WE SPOILED A5 OU WITH ONE LAST YEAR--S0 WE HAVE T0 REPEAT=ADVANGE SALE! (Pretty Black Type for Grosner—but the news deserves it!) OVERCOATS —Including Famous Kuppenheimers and 77 orumbos sz year ‘round weights! Thisis one of those sales we'd like to cut out—because every time we sell one we cheat ourselves out of a regular profit. But we're in for it—because al- ready quite a few men have been around here whispering in our ears: “When are you going to hold that advance sale of Overcoats:” . .. s0, here’s the 1935 edition! Maybe you don’t mind waiting end. Officials Await Word. Anchorage officials were awaiting word today from project officials on their offer to accommodate the col- onists’ 50 high school children in the modern Anchorage High School this Winter. Many colony grammar school children will be instructed in the Wasilla and Matanuska town schools because of the abandonment of plans to finish a large central school at the colony capital, Palmer, this Fall. It was found impossible to com- plete the central school and do the | more pressing work of finishing farm houses, a hospital, warehouse and other structures before Winter, too. Work on the farm houses is pro- gressing rapidly and foundations are being laid at Palmer for the hospital, warehouse and smaller central build- ings. [ooTER'S SPECIALS Finest Dry Cleaning Obtainable Anywhere, At Any Price July 22nd to Aug. 3rd, Inc. Dresses, Plain Cashand 59C Carry White Coats—Unlined De Luxe Plain Dresses Called for and 79c Delivered FeoTER'S CLEANERS AND DYERS Addres: Phones 1332 G St. N.W. DIst. 2343 1327 Conn. Ave. N.W. POL. 5870 1622 H St. N.W. 2620 Conn. Ave. N.W. until next Fall and paying us a lot more for these same coats! ... It’s up to you! See us during this sale with $29.75, or see us in the fall...and pay us the dif ference. | E | S AVE 13 by buying NOW! Kuppenheimers WORUMBOS ALPA-RAJAHS and Broadbrook Boucles Everybady knows how fine Kup- penheimer Overcoats are, so we don’t have to tell you. But we’re going the limit when we include those fine Worumbos, Broadbrook Boucles and Alpa-Rajahs—the overcoats you’ve always heard a lot about but never figured you could afford! Women think it’s smart to buy coats now—and save ... men should, too! Try one on in comfort . . .. its AIR-COOLED to 70° at GROSNER of:1325:F Street A deposit will reserve your selection until October 1st. 1784 Columbia Rd. N.W. COL 0720 5628 Conn. Ave. NW. CLe. 7923 2624 14th St. N.W. COL 0336 Ex. 73 —if you want to open a 10-pay CHARGE ACCOUNT— just say the word!