Evening Star Newspaper, September 24, 1936, Page 8

FRENGH DISCOUNT RATE UPTO5 P, Move Is Made to Halt In- . creasing Drain on Gold Reserves. 3 Ry the Assoclated Press. PARIS, September 24 —The Bank France raised its discount rate 3 to 5 per cent today in a drastic re to dam the outward flow of nch. gold reserves. jPinancial circles, however, watched | ously in fear the rise might fail stop the drain on gold. £ Bankers believed the order gave the vernment “at ‘east a temporary re- spite.” ¥ The British pound eased in the ex- change after going above 77 for the first time since June, 1934, * Usually well-informed quarters said France already had obtained Britain's gharantee that “realignment” of the ffanc would not lead to a depreciation of the pound. Britain was reported, However, to have attached the reser- vition to its promise that France raust lower its tariff rates in prupor- tion to any decline in the value of the franc. ¢ The British promise left Premier Yieon Blum free, the same sources said, for “quick action” when and if it is decided such a step is necessary.. i Government Worried. ! Only yesterday, French political circles reported the government, wor- rled by the gold drain which be- tiveen August 7 and September 11 teok 1.456,000,000 francs (about $95,- 8D4,000) out of France, had con- ferred with British financial advisers | concerning the possibility of “realign- ment” of the franc. ; Last night the Berengaria sailed ffom Cherbourg with 35 cases of gold, | hound for New York banks. The cab- | ifet is expected to devote most of to- | morrow’s meeting to discussion of the sjtuation. Today's increase in the discount | rate was accompanied by a rise °‘i ftom 4 to 6 per cent in the rate of ad- | vances on securities, and from 3 to 5 | per cent on 30-day advances. | ¥ The bank's statement disclosed a marked increase in the loss of gold, | amid the rumors that devaluation— | 1ong the goal of a prominent bloc e!l statesmen—might be imminent. | +The statement showed a further | 1bes of 840,000,000 francs ($55,272,000) | ip the last week reported. Co-operative Action. » Today's action was the first of its | Kind by the new board of directors of the bank, including representa- | ves of the government, labor and | zmcultunl and business co-opern-; es. | ! Under a new law promulgated by e Socialist government, this coun- | 1 took over direction of the bank t month, supplanting a board #hich, opponents charged, had been | gontrolled since the time of Napoleon Ry the famous “200 families” of aris- ?crnnc France. Previously the discount rate had n lowered from a high point of 6 T cent, 1 per cent at a time, to 3 Per cent, to relieve burdens on busis, riess and industry caused, in part, by | the promulgation of new social-labor | ws. The flight of capital which followed the election victory this year of the ular front was halted after Leon lum's government ended a period #1 political uncertainty. ¥ But a new drain began with the #eakening of the franc. | f Early in 1936 a tendency toward | dlccepting the franc’s devaluation as fhevitable appeared in Prench quar- :“ which formerly were hostile to | ch & measure. ! Wins Contest ROOSEVELT LETTER PRIZE AWARDED BY G. O. P. DUNCAN FRASER, Chicago carpenter, 54, who won a Nation-wide letter- writing contest staged by the Republican National Com- mittee on the topic: “Why I Am for Roosevelt,” and was awarded the $500 first prize. Mr. Fraser, who is a native of Scotland, is not a citizen of the United States, although he has applied for his first papers. —Wide World Photo. Employed as Domestics. One-third of the 1,906,000 women workers in England are now employed in domestic or personal service. A Pot of Gold right at your elbow! WE PAY CASH for OLD GOLD Gold watch cases and watch chains weight heavily and have great eash value. Bring in, also, gold fillings, eye glass frames, broken jewelry, and discarded silverware. Cash paid immediately. Expert ap- praisals. Gold department licensed to Leo M. Alexander. Licensed on Treasury Form TGL-12, Pursu- ant to the Gold Reserve Act of 1934. License P. 312. No. 4638, 8econd Floor—New Accounts. THE HECHT CO. F Street at Seventh THE EVENING STAR, WASHINGTON, D. C, THURSDAY, SEPTEMBER 24, 1936. LEGON NENBERS TAREPEAESTERS Affirm Belief in Monroe Doc- trine and Oppose U. S. Joining League. By the Associated Press. CLEVELAND, Ohio, September 24. —The American Legion, all set to hand its national commandership to Harry W. Colmery, Topeka, Kans., lawyer, today affirmed its belief in the Monroe Doctrine as s measure of peace and opposed entry of the United States into the League of Nations by a thumping, unanimous vote. The vote came on the presentation of the Foreign Relations Committee report by Chairman John R. Decker of Colorado. The veterans, who greeted prize- winning band, bugle and singing groups during the morning, with yeils, whistles and stamping, also approved a resolution opposing any modifica- tion or cancellation of war debts and voted to refuse all future loans to nations in default on their war debts. Another resolution urged the United and do¥yousfind that you are not living up to your m’po-‘bififia —, because you get tired—because you get fagged out for no reason at all? BE TIRED? | HOW TO MAKE THE MOST OF YOUR ENERGY by DANIEL W. JOSSELYN | A book that gives sane advice om diet) exercise. mex, etc. Shows you how pow | cam regain the vitality so necessary you how to keep .your emergy ot its peak and com- quer thet “tired feeling.” Hunm- dreds of men end women have tried the method snd ae claim its worthy Rent it for Ca Day No Deposit. Rentel Librery, Main Floor, Hecht Co. F Street at Seventh e moonlight..the band..the giel..and BALTIMORE AMERICAN Tre softness of the evening air I the ““other world” feel to the music as it throbs in your veins . . . the sensa- tion of riding the clouds with a per- fect partner . . . and then that musing, relaxing, almost sleepy enjoyment of the whole thing while you sip your Baltimore American. Certain things just naturally go to- gether—like a summer evening, and this tangy brew—with its creamy foam, with its dancing amber bubbles, with its winey taste. Baltimore American is perfect at home. It's perfect, too, with the moonlight , , . the band . . . and the girl. BALTIMORE | he « Hodern i_ BEER : [4 §{ DISTRIBUTORS ¢ ' » DRAUGHT BEER WM. P. KILLEEN 3409 K" St, N.W. Phone West 2626 BOTTLED BEER 1345 Plorida Ave., N. Phone Linceln 0114 TRY-ME BOTTLING CO. BOTTLED BEER SAMUEL C. PALMER CO., INC. 1066 Wisconsin Ave. Phone West 0320—0321 3 L3 States Government to maintain & striet policy of meutrality and remain “free of any alliance which might draw the country into war.” , The delegates condemned activities of the Black Legion and asked Con- gress to investigate the mysterious hooded order. It also suggested pub- licity to prevent any danger of con- fusing Black Legion and the Ameri- can Legion. A resolution 'nding univer- sal finger-printing of the eivil popu- istion of the country and a system of identification for all non-citizens with legislation to make the system effective as a national policy was adopted. The Legionnaires voted to make an employment program & major policy and reaffirmed their “condem- nation of mob violence and lynching throughout the United States.” Headquarters of Colmery, the To- peka, Kan., attorney and one-time flying instructor, claimed every vote in sight and concentrated on & hunt for “able™ vice commanders, whose selection was required to eonform roughly to geographical lines. Reports of convention committees, possible “blue notes” in the Legion symphony, also occupied sttention, al- though committeémen indicated de- batable issues had been eliminated by the “tabling” process. Resolutions Approved. Among resolutions jammed through hurriedly in the nearly vacant music hall of the puble auditorium was one recommending that “‘one or more full- sized rigid airships be constructed to determine the full usefulness of the airship in defense of this country.” 1886 50th Year of Progress Portable Typewriters STOCKETT- FISKE CO rno;ucmo STATIONERS Oolor and noise slowly seeped away from the sidewalk crowds after the Iast great fanfare of Legion trum- peters at the drum and bugle corps contest, which ended early today. First award went to the Common~ wealth Edison Post Corps of Chicago, the tropical-helmeted musicians rate Single Room Private Bath PER DAY * In NEW YORK CITY 2 blecks east of Grand Central Station on 42nd Street. 600 zooms, each with private bath. Gabriel, Calif., last year's champions, who scored 95.55 this year. Henry Houston Post of Philadelphia was third, with 95.425, and Marlboro, Mass., fourth, with 95.125. Thirteen finalists competed, out of 150 pre- liminary entries. ing 95.775 points to displace San! The Forty et Eight, Legion honof society, rolled its pseudo French box cars and locomotives down Euclid avenue for the last time last night after the unanimous selection of Harry E. Ransom of Milwaukee as “chef de chemin de fer.” SEE HOW FAR YOU CAN GO FOR SO LITTLE.../7' Typical Round Trip Fares Pittsburgh Norfolk _$6.35 New York $6.75 Bt. Lowis $24.30 Chicago $%1.60 RAC OVER $9.45 Los Angeles. Fast thru expresses (no changes) to Pittsburgh, St. Louis, le, Round trip fares slashed to 1 U.8. Porter and free pillows: 1 REAT EASTERN ~F bus system HALF YEARLY SALE FURNITURE AND HOMEWARES Tomorrow We Expect to Sell the Last of These Famous-)Make STUDIO DIVANS SIMMONS-U.S. CABINET-NEW ENGLAND BEDDING There’s a fine selection still for the early-comers. Just don't dilly-dally about getting down here to- morrow morning. Head straight for the Fourth Floor ... you'll find them all on display here. cluded. (C { Your last opportunity for some time to save any- | where from seven to twenty dollars on a really | for busness and sociel wcces. Telle | fine stydio divan. Just one and two of a kind, of | course . . . Simmons and other famous makes in- 307 OFF! SEVEN DIFFERENT STYLES! 1. Plain Divans Maple Bases 3. Maple 2 FIVE FABRICS Mohair Frieze Friezette Tapestry Ne J Plain and Figured A—Simmons Divanin Mohair Frieze. Reg. 49.95, NOW 34.97 B—New England Twin Studio Divan. Reg. $29.95, NOW 20.97 C—Simmons Divan with Maple Base, Reg. 39.95, NOW 27.97 D—Pall-0-Matic Divan. Reg. 34.95, NOW 24.47 E—Simmons Divan with Back Arms. Reg. 69.50, NOW 48.67 USE THE HOME IMPROVEMENT PLAN DOWN Payment Per onth| Per Month| Per Month| Jor NO MONEY S Years 1 Year | 1% Poars .50 6.1 e l‘mr purchases of mer- chandise. in the the Home 3 on Yo 1T eer 8 ey rms 4. Bed-Hi Divans S. Upholstered Arms 6. Chrome Bases 7. Divans with Backs and Arms 1-Wet Fabrics ngle Cloth G & W o2} FOURTH FLOOR THE HECH SIX COLORS Rust Blue Brown Green F—Capitol Bed-Hi Divan. Reg. 39.95, NOW 27.97 G—Capitol Bed-Hi Divan. Reg. 44.95, NOW 31.47 H—Twin Divan with Modern Arms. Reg. 59.95, NOW 41.97 J—Greenpoint Divan with Maple Arms. Reg. 39.95, NOW 27.97 J—U. S. Cabinet Divan with Chrome Base. Reg. 39.95, NOW 27.97 K—Barcalo Divan. Reg. 24.95, NOW 17.47 Fourth Floor—The Hecht Co. Included Are Divans Regularly 24.95 to 69.50 NOW 17.47 to 48.67 See the “Covered Wagon" Trailer on Our E St. Parking Lot. THE HECHT CO.- " PStrectatSeventh ) n ( Nationa! 5100