Evening Star Newspaper, October 15, 1936, Page 4

" A—d4d » PRIGE ADVANEES AT BY MOULTON Brookings "Head Outlines Course to Prosperity in Trade Board Talk. American business “can lay the foundetion for znduring prosperity” by following the same principles ard methods that have been used in this country for generations, Dr. Harold G. Moulton, economist and president of the Brookings Institution, told the ‘Washington Board of Trade at the Willard Hotel last night. Dr Moulton outlined five economic principles which he said will apply to “long run” business growth and prosperity, and then asserted they are immediately applicable, if business wants to continue the upward trend that began in 1933, He pointed out that (1) the social function of the capitalistic system is to bring to the masses higher stand- ards of living; (2) maximum profits can be realized only from maximum service to the public; (3) the stand- ard of living of urban industrial work- ers can be raised only by changing the ratio of wages and prices, either by raising pay rates or lowering costs of essential goods; (4) improvement in the wage-price ratio depends upon the increasing efficiency of production, end (5) that of the alternative means of improving the wage-price ration, reduction in prices is more universally effective in improving general busi- ness conditioas. Should Resist Price Rises. “To say that these principles can- not be applied now,” Dr. Moulton said, *is to say that the capitalistic system | has reached the end of its growth. Instead, we should be at the threshold ©of economic progress.” He denied that present business im- | provements were brought about by rising prices, and asserted that the opposite is true. “Business should resist rises in prices,” he declared, “and instead should make price reductions as soon Board of Trade Opens Fall Season Recovery, criminal justice and traffic_safety constituted the theme of the Washington Board of Trade’s first Fall meeting last night at the Willard Hotel. At left, Edward F. Colladay, vice president of the board, and Dr. Harold G. Moulton, president of the Brookings Institution, Edgar Morris, president of the board, is shown at the right. one of the speakers. THE EVENING STAR, WASHINGTON, D. C. THURSDAY. OCTOBER 15. 1936. KNOX TO BEGIN MISSOURI DRIVE President Scored on “Bad Economic Judgment” at Springfield, Ill. By the Assoctated Press. SPRINGFIELD, October 15.—The 14,000-mile campaign trail of Col. Frank Knox, Republican vice presi- dential nominee, led today toward Missouri, after the Chicagoan took & hand in the Republican-Democratic battle in his home State of Illinols. Here to make his first major Illinols address since his notification, Knox last night accused President Roose- velt of exhibiting bad “economic judg- ment,” asserting, “When the Presi- dent says there is not enough gold in the country to pay the debts, under the impression that all debt is pay- able on demand, I do not hold him to account for pathetic ignorance of elementary economics. Cost of Production. “When he tells the Nation that re- ducing the cost of production in in- dustry is bad for the Nation, thus revealing an appalling ignorance of all economics and all history, I am astounded, but I am not outraged. “When he tries to make the people believe that the Supreme Court's A. A. A, decision will give us 5-cent cot- ton and 36-cent wheat, I am dum- founded at this misunderstanding. —Star S!al‘lPhotos. Queen (Continued From Fir$t Page) of the British Embassy staff, emphati- | cally refusing to be interviewed. No entertainments will be given in her honor and she will return to New York on Saturday. With Queen Victoria will come her daughter, Infanta Beatriz, and her husband, Prince Torlonia, and his mother, Princess Torlonia, the former Elsie Moore of New York. The former Queen came to America to see her son, Count de Covadonga, private yacht thereby expediting her arrival at her son’s bedside. In face and figure the royal visitor resembles the Dowager Queen Marie of Rumania, | her kinswoman, but she is 12 years | younger. Mrs. Sidney Morgan, Dresden Apartments, this morning said that | the former Queer, whom she knew in Spain before the establishment of the republic, alway# was careful to avoid interference in politics. “She was & foreigner in a foreign land,” she ex- { plained, “and probably was a little | too British for the people among whom her lot was cast. Also, perhaps | the Spanish people expected rather | more of her than she could be or do. who suffers from haemophilia and has | Her preference in dress was not Span- ‘The former Queen, Mrs. Morgan declared, long has been interested in the American way of doing things. Especially, she desired to know more about modern methods of farming. | Motion pictures showing farm ma- chinery in operation stirred her | enthusiasm, ! GREYHOUND ) A PRESCRIPTIONS ’}NORTH PHONE COLUMBIA 3856 PET P HA “When the President declares that | abolishing the N. R, A. throws the country back to horse-and-buggy days, I do not make it a personal issue, “What I deplore is having that kind of economic judgment in the Presie dent’s chair, having the economic life of this country subjected to this sort of thing. * * * A group of crack- pot visionaries. Small Boy and Matches. “It is like & small boy playing with matches. I don't want to punish the boy. I just want to get the matches away from him before he burns the house down. In November the country is going to take away those matches.” Today's itinerary for the hard- traveling Chicago publisher included appearances in Virden, Carlinville and Alton, I1l, on his way to St. Louis. In a meeting there tonight Knox will make & bid for the 15 electoral votes of Missouri, which yesterday he called & “debatable State.” ‘Receives Commission. Appointment of Joe M. Bentley, 2225 N street, as second lieutenant in Marine Corps Reserve has been an- nounced by Maj. Gen. John H. Russell, commandant of the Marine Corps. Lieut. Bentley has been as- signed to a Fleet Marine Corps Reserve status for duty with Company C, Fifth Battalion. Singer Leaves Estate. Man Killed Aiding Dog. About $60,000 is the estimated value Crossing the highway at Stamford, of the estate left by the famous con- | England, to save hi¢ dog in fraffic, the tralto, Mme. Conchita Supervisa, who | Rev. George Spackman, aged 76, was died at Rustington, England. knocked down and killed, NORFOLK S 'oLn POINT Virginia Seashore Nightly 6:30 S50 22wy Golden October days and bracing salt alr make Tidewater Virginia wonderful for all outdoor sports. Ride, golf, fish and tennis. Excellent meals. Staterooms as low as $1.00. Go this week-end for & real rest. AUTOS Carried FREE City Ticket Offfcs 1427 H St. N.W. NAtional 1520 Distriet 37600 ——— I been critically ill from the dreadec |ish, and there was some criticism of blood disease. Though no definite | its English character. Some Span- | statement has been made as to Count | iards, too, objected when on occasion de Covadonga’s present condition, it|she smoked a cigarette in public. But | is assumed that he is recovering, other- | no one could doubt her great love 85 possible and as soon as technologi- cal improvements will justify them. By so doing, business will lay the foundation for enduring prosperity.” James M. Hepbron, acting director TO BERRYVILLE, LEES- ©f the Washington Criminal Jusucejuvise his mother would not have left Association, outlined the purposes of | New York. that organization and told of the suc-| Queen Victoria Eugenie is tall, blond cess of a similar organization {n Balti- | 8nd stately and has won great favor more, founded 13 years ago. presentation of facts and by rousing in New York where she arrived Sep- By the | in the eyes of America and is popular | ~ for her children, and the fact that she was so good and so devoted, & mother was appreciated by all | classes.” public opinion, he said, the Baltimore association has improved conditions from one arrest in six crimes to one arrest for every two crimes. Early Trials Cited. In the Maryland Capital, he said, | the courts are trying 90 per cent of all criminal cases within three weeks | and the prosecutors are only about | three days behind the grand jury in | the presentation of criminal cases. Eighty-seven per cent of the cases tried, Hepbron said, result in con- Victions. | “The same results can be obtained | in Washingon,” he said. “It all de-l pends upon whether you want efficient law enforcement or whether you are | willing just to let nature take its course.” Operation of the association, he | #aid. will cost about $20,000 per vear. | He urged the board members to give their financial as well as their moral | Support to the movement. A motion picture, showing the more | c€ommon causes of highway accidents, prepared by the New Jersey Depart- ment of Public Safety, was presented by the board’s Traffic Committee, headed by Col. Lawrence C. Crawford. Col. Crawford pointed out that last year Washington'’s death rate from motor accidents was about 17 per 100,000 population, in New York and | % tember 17 on the Conte de Savoia. 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NA. 2370 Milwaukee the rate was 10 per 100,- | 000; in Philadelphia, 11';, and in Los Angeles, where the city regulates | g;gestnans’ the rate was 33 per 100,- Hits Ticket Fixing. “Fixing of tickets and the reduc- tion of penalties, because the guilty person is a ‘good fellow’ is simply contributing to the death and acci-| dent rate,” he said. “Any judge orf other official guilty of permitting ticket fixing and mitigation of penal- | ties is guilty of alding and abetting the accident record.” William A. Van Duzer, director of traffic, urged the board members to take the driver's test now being con- ducted at his office. Wednesdays, he said, have been set aside for Trade Board members to visit the “driving clinic.” Gen. Albert L. Cox urged support for the annual Red Cross roll call, and J. L. Martin asked for aid in the current membership drive of the Y. M. C. A Edgar Morris, new president of the board, made his first public appear- ance as presiding officer. 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