New Britain Herald Newspaper, February 8, 1929, Page 10

> Problems Each country has its own finan- cial problem, its internal and for- eign debis. It is out of these iden- tical conceptions of intercst that all the countries having to do with reparations, cven including the United States, which has a two and & half per cent interest in them, want a final settlement. The political situation is regard- ed as particularly favorable now. Poincare is firmly cstablished in power in France. The British gov- ernment would be glad to have the {question out of the way before the The' committee of experts will | Eeneral elections in the late spring weet here tomorrow o reexamine 20 €AY suminer. The Gifren Germany's capacity to pay, to deter- | gition with the reichstag. mine the amount and number of an-| The various cabinets which have itien: been considering this question This problemi kept western Fu- more or less at intervals for a year or 18 months did not wish to have rope in anxious uncertainty for fl\v the re.study until the fifth year vears after the treaty of peace. Ger- was well advanced so as to be able man national finances fell into ruin, : AB 0% and the government went bankrupt. to see what Germany could do with : iy 1 yment der the |Southern part of England is farin i aiios Dolinsine (hat fiarmany ‘,“’| he maximum payments under the 3! 3 an intentional defaulter. {nvaded | Dawes committee schedule, Those [much better than the northern part. 29 wi payments began September 1 of | héaring out the recent contention of Ry 3 Nith thres &IMY | jagt year and hate been met seem-||economiats thint Great Beitain o wit- nm"y'.s % in;iua(rill region and held | In&1y without difficulty. nessing a shitting of prosperity from it two years. The cconomic life or| The United States has been |the “heavy inustries” such as fron, all Europe ‘ih d;mm, 4 brought into the question because steel '-nd coa' ‘o the “luxury indus- Provisional Settlement in 1924 | either officially or unofficially she |tries” such a~ otors. artificlal silks, A e oaiv In 286 that 1he|pas been counected with it ever radio equipm.i:t, phonographs, etc., e made & proi|Mbce the trusty of pesce Linefl- the manufacturers of which are N T L 15 run for five|Cial sbservers of the United Blates practically all logated in the southern O e wet ‘51 ot {hia| FOvernment have sat in at the meet- |part of the country. . The pasments were fized at|ing? of the reparations commisslon; The figures on which the analysis S L00,080 Bo)d moarks fory the|thev baye jaitended thak gerles of is made are based on the numbers firgt year, 1.200,000,000 for the sec- |BUPreme council meetings of the|of persons on the unemployed regis- T T %00.000000 for the third, |8illes held in fpa. San Remo. Brus- |ters an December 17, 1328, when the 750,000,000 for the fourth, and |®if. Canhes. Aix-la-Chapelle and total unemployed was 1, 1,000, and 2,500,000,000 for the fifth—that is, | London. is not an unfavorable figure owing to the current year. J. P. Morgan was a member of [the spurt in business just before The plan provided for an increase the first committee . of uvfl:'flfi Christmas, Taking the country as a trom the emd of the present annu.|Which sat on the question in 1922.|whole, this figure represented 11.1 ity yeat, dependent.on the index of |Then Charles G. Dawes and Owen Iper cent unemployved. ainong Great prosperity. A committee was to be|D- Young were of the group that Britain's total of 11,403,750 werkers set up by the gevernment con- constructed the Dawes plan. carrying insurance against unem- cerned which would take into ac- ployment. Yet nearly one quarter of count the various elements of ma- these workers live in areas where the tional prosperity and base upon unemployment rate is only five per these an equitable increase beyond cent or under, and nearly another 00,000,000 gold marks of the quarter live in areas where the un- Afth year. employment amounts only to be- Instead of settling up this com- tween five and ten per cent. It is mittee, the allied creditor govern- thus obvious that there must be an ments, in agreement with Germany, extraordinary amount of unemploy- decided upon the re-study of the question by a committes of experts. That was a suggestion of 8. Parker Gilbert, the agent general of repa- rations. It was an idea extremely satisfactory to all the governments concerned. | Germany in Dark Germany, instead of having a committe on prosjerity changing the annuity frem year to. year for an indefinite period because no terms of years is mentioned in the Dawes plan, wants to know pre- cisely where she stands. She desires to rid her economic life of the foreign supervision set up by the Dawes plan. That is to say, the agent general, who keeps an thoritative eye upon German national expenditures; the control of her railways, which have foreign representatives constantly observ. ing and taking part in the manage- ment; of the transter committee on the movemest of exchange and the partial direction of the Reichs- bank, as & consequence of the in- GERMAN 0 70 BE DISCUSSED Problem of Reparations to Be by Pt Paris, Féb. 8 UM—Reparations, that terrible after-the-war question, is about to be recopened. INNORTH ENGLAND Figures Show English Industry in Deplorable Sbape London, Feb. 8 (UP)—How un- employment is striking at the heart of British industry is vividly illustrat- ed by astatistics just published by the ministry of labor which show unem- ployment ranging up te 26 per cent of the total of the insured workers in some counties, and up to b7 per cent in the case of one town— Cockfield—which has a working population of 2,000 persons. Shift of Prosperity The statistica also show how the Woman Police Judge Sits for 10th Year Boulder. Colo, Feb. 8§ (P—A woman's wisdom and sense of fair- ness balances the scales of justice in Boulder's police court. After a decade on the bench, Judge Linda M. Lee counts among her friends the persons who have stood before her charged with viola- tion of city ordinances. She always shows mercy when she is convinced of an offender's sincere wish to be guided by a mis- take. A barber who entered a plea | of guilty after his arrest for vio-| lating a traffic ordinance was let, off without a fine when he prom- ised to drive his motor car more carefully in the future. In appre- ciation of judicial clemency, he of- fered to bob the judge's hair, and she accepted the offer. Worms Impair Children's Health Fretful, “pesvish" youn§-ones who Factory Girls Form | A “Junior League” Pittsburgh, Feb. 8 (P—Factory girls arc being organized into clubs to do the same type of work that Jjunior members of the General Fed- eration of Women's cluba are doing. ' The juniors form a young. brisk, | short-skirted auxiliary to the older | f"‘ Lornational loan smade When it was |club women and are doing much i | 6Bl ceorganized in 1934, |the way of relief work. Factor All these questions .are of real|girls are showing much interest § importance to Germany, but above |the ‘club work under the guidance them all i the question of the evac- [of some &lim young daughter.of uation of the Rhineland by allied |prominent club woman. Their | troops. meetings are hcld in the evening| !:Aanvg WORN EXPELLER France. Great Britain, Italy, Bel- due to factory hours. | *“My little girl bocame sesiously it sium and the lesser bemeficiatics| The work of the juniors. consists DY eating too many swests. Iused Under reparations, such as Jugo-|in supporting scholarships and li- | YOUF EUizir with most beneficial re- uavia, Rumania, Jepan. Portugal, |brarics, in helping their seniors Sultss she im g Greece and Poland, all want to|build. club houses and in contribut- hasnothad onesick day know also where they are, how |ing to the relict of miners and their | — Mr. Shay, Cambridge (Mass.). LR A e e -Allen & Co. N INc Sage Basement Store HARTFORD ‘ment in ather areas to bring the average for the couatry as a whole up to 11.1 per cent. Such is the case. Greater Londou's Record Greater London with an insured rking population. of 2,091,000 has than half as many unemployed Lancashire with its 1,750,000} workers. There is.a greater num- ber of unemployed pel among the county of Durham's working population of 400,000 than there is in Tondon proper's 1,756,000, workera. In Wales, where the problem is al- most purely that of coal, the relative percentages are even worse, Glamorganshire's 25 per cent of un- employed is the highest county aver- age in Great Britain. Out of a work- ing population of 350,000, more than 80,000 are without employment to- day and have been without employ- ment _for months, in some cases for years. Only one of the 35 centers of population in Glamorganshire has less than ten per cent unemployed; only five less than 15 per cent. The same is roughly true of Monmouth- shire and Carmarthenshire, both great Welsh ceal mining districta. In not one of the three counties is the unemployment rate less than. 20 per cent. Situation in South Better As one goes to the mid-southern and southern counties however the situation becomes distinctly better. | Nine counties (counting the admin- istrative county of London as one) have no more than 5 per cent unem- ployed. Most of these are malnly agricultural. Buckinghamshire, for for the fact that . its largest-tows, High Wycombs, with & 12,000 werk. ing population,-has enly 7 unemploy- ed on its registers.-Surrey, with 164.000 workers has .only 3.4 per cent unemployed, with Creydon, its largest industrial center, having ealy ¢ per.cent. Even Greater London with more than 3,600,000 werkers has an unemployment rate of only 5.5 per cent. p , : But as one : turns northward the favorable statistics'of southern avea are more than counter-balanced- by. unfavorable figures. Five counties have an unemployment. rate of 20 per cent or more; two, between 1§ and 20 per eent; 11, between 12.5 and 15 per cent and eight between 10 and 12.5 per eent. Unemployment is the biggest problem confronting: Great Britajn today and is certain to have an im- portant bearing on the general elec- tion which, it is understood will be held in June of this year. MRS. DIKE DIES IN FRANCE Faris, Feb, 8 UM—Mrs. A. Mur- ray Dike of Philadelphia died at her Paris apartment today after a lingering illness. She was president of the American committee for devastated France and, with Miss Anne Morgan and other notable American women, warked out exten- sive building and educationai plans in the evacuated northern depart- ments. Chicago, Feb. 3.—UP-—-Rey C. Toombs, whose bubble of high fi- nance burst last fall, starts running. the legal gauntiet February 18, whea he goes to trial in 8t 'Leuis on & grand larceny charge. A federal trial here March 11 will charge Toombs with using the mails to ‘defraud, Millions of dollars are Involved in accusations against the Kanms farmer's son who came te Chicage in 1916 with $30 in his pocket. Toeombs' boyhood ambitions to make money had wsoared to;seven-figure heights befors he became entangled in his own financlal web, Tdeas Were “Too Fast” town of Winfleld, business partners there found his ideas “too fast” for them. Toombs disappeared. In suc- cession he was reported to be in Montana, Denver and Chicago.~ /Toomhs then began his skyrock- ot-like ascension in money circles A year after he arrived in Chicage he organized & mortgage company sitalised 40 $100,000. With O. R.|herd Dally be ‘entered the Lassiie atreet money mart, Teombs and Pally eventually bullt wp a brokerage house with a capits! of §3.600,800, . In suburban' Dewners Grove, ‘Toombe became a leading citizen and president of the ~Htafe Ba Trust company. The International LAfe Insurance company of 8t. Louls was sold in ~‘June, 1927; ‘Toombs pany as weil ¢ brokerige firm. The Downers Grove bank was closed to protect its de- positors, Toeombe was besieged with w: vants, They wanted him te explain $2,000,000 missing from Toombs & Dally; it was charged he had manipulated that firm's accounts in his insurance businesa. 8t. Louis oM- cers wanted Toombs to clear up the deficit that bankrupted his insur- ance company. 1 “The. name' of James Bruce, son of Senator William _Cabell - Bruce of Maryland, was mentioned in hear- ings before bankruptcy referees. It ‘was charged Toombs borrowed from Bruce to buy the insurance company; Toombs in tun said Bruce was safe guarding the missing $3,500,000. Partner Testifies Dally, Toombs' partner, testified their firm had lent $50.00 to William Darling Shepherd to finance Shep- trial on charge of wmurdering William McClintock. Shepherd’ in turn was to turn ever $2.000.000 of McClintock’s estate for invgstment in Toombe & Daily, it was ifled. De. B, F. Morgenstinfn. Toombe' personal director in his insurance company and said to be a former physician of the czar of Ruasia, was named with Toombs when he was charged with larceny and illegat dis- posal pf insurance stock. Now he i under bond on three charges of overissuing capital stock. An indictment for the aleged em. bezziement of $120.000 in bends from the Downers Grove bank like- wise awaits Toombs. LOCATED AT TAST Tampa, Fla., Feb. 8 (M—John Taw is the name of & deputy United States mai 1 here. | LAXATIVE to rid the oystem of poisens. Tonicte build up the body's de- fences. That'swhyitgives quick relief for colds. Grove’s LAXATIVE TA, 3 M SCHULTE “UNITEDx JUNIOR DEPARTM NT STORES Specializing §c to ¢ ot 219-227 Main St. ¥° Thrifty Women Will Realize Exceptional Savings in This Great Underprice Offering Smart Winter COATN Brand New Models offered at prices that prove our value-giving leadership. $795 Stunning chinchilla and sports costs— lavishly fur trimmed. Scores of attrac- tive designs are here and no value-wise woman can sfford to miss this oppor- tunity. All sises are included. at $1295 Coats in every popular material and style. Such excelleat quality in fabrics and furs has never boen associsted with this low price. You will instantly ree. ognize $20.00 and $25.00 valae. at $1995 You cannot équal these values. Just picture coats worth $35.00 and you have an ides of what is heze for you. Miller's, Ina, bring to you s new style service formerly en- joyed ouly in the fashion cen- ters of the world. This pelicy of giviag you more vilue for your dollar has attained foruslesdershipin the women's resdy-to-wear field. ' Now Womea of this city can be dressed in the newest styles and otill be thrifty. Chic New HATNS $169 Just unpacked—Clover new designs snd shapes. Regular and large heod- sisse. 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