The Seattle Star Newspaper, December 23, 1921, Page 7

a 1. @ = * ments printing billions of frestpa. FRIDAY, DECEMBER 23, 1921, THE SBATTLE STAR PAGE 7 CENTRAL EUR Vanderlip Tells Cure for Menace Outlines Plan to Save Old World From Complete Mo RY EDWARD THIERRY (Copyright, 1921, Seattle Stqr) SCARBOROUGH, N. ¥.. Dye. struggiig: ‘The from many months’ sarwy @ Burope, says the initiative mas come from across the wate. “I have simply written the)pre- scription,’ he says. In ap interview at “Beech his home here, where he is at on a book dealing with Ew financial ilts, to be published in etx languages simu!tancously, derlip gave his first elaborati the plan and discussed its effec CENTRAL EUROPE 1S NEAR COLLAPSE “Establishment of a central We is necessary.” he said, “becauethe countries of Central Europe are eaded for financial coNapse “This is not a matter of mic | tion—some of them have collpsed already, Austria ts an example ork iy 2 or tion of their moneys. | “As things stand now there imo escape for Germany. She tent ancing her domestic budget by may billions, te say nothing of paytng br reparation bill. “It is not certain that an adj@. ment the reparation would save Germany from ft eolapse. But it is certain that less there is a change in those mands coflapse will follow.” MORATORIUM NOT REAL REMEDY “Can the two-year morat loan, Every European nation hav. ing claims against Austria subords mated their claims. The path was cleared except for the grain corpora: tion's claim, j EUROPE BLAMES US FOR NEGLIGENCE *leritical European situation, that we didnt even get up enough interest | to refuse to subordinate the claim; ponents of prohibition are gleeful It was tied up with other Interna-| over the “beer for medicine’ ruling tional matters before congrese—and | we did nothing about it. Ddiocked &@ program that would have | |tided Austria over, The ricts De | eember 1 are the forerunner of some thing Infinitely worse? interest aroused here in bis pro | posal, announced just after his re “The inevitable effect of gairn.| turn, to have Europe pay its tromen- || h dous debt to America by using it in per currency is continued depfda-| the first instance as a revolving fund of credit to rehabilitate European countries instead of running the risk of dislocating American industry by having It paid here, Interest in the} | debt subject, he said, was eclipsing interest in the bank plan. ¢ ney Disaster tria for grain furnished since the war, Austria is starving—and there fore rioting—this winter. “All arrangements were made, tn London and elsewhere, to give Aus tria a new loan of $35,000,000 to tide her over the winter, Other claims had to be subordinated to the new “We pay go little attention to the “In Burope they think we have Vandertip said he has found much “The two proposals are entirely @isassociated,” he explained. “I think there ts a chance for both to be adopted. J found the bank plan well received Much better than I expected.” by European financiers— ‘The effect of the international dank, he adi, would be to make the American dollar the uniform curren. Row being discussed, anve the situa oO of many Farepean countrics—an tion?” Vanderlip was asked. “A moratorium would be onty Pestponement.” he maid. “Mu more is necessary. A moratori would deiny the collapse—it wou! not avert it.” - Germany's situation was cited as {hd perhaps eventually france and] | baving the most serious world effect. ‘Vanderlip said a collapse there would Japee,” he sald. “Consider what It ight do to France—a nation tha: has 65,000,000,000 francs in short. term notes afloat—mostly running six months—notes that are hacked in the main by the hope of an indem- nity. Think what that means—at normal exchange $13,000,000,000 worth of notes that would be ren- ered doubtful by a German cofapes!| Tt might be the seed of revolution.” Vanderlip then made this sens. tional statement: “The United States was wholly responsible for the riots in Vienna on December 1” “We bave been feeding Vienna's a brickbat tm the other. It was an unconscious brickbat. however, “I venture to say not 190 people in this country know that becnuse we did not subordinate a claim for $24,000,000 that the United States Grain corporation had against Aus First Time in America RUSSIAN . GRAND OPERA TONIGHT “MERMAID” (Rusalka) By DARGOMIZKY Saturday Matines, 2 o'Clock “PIQUE DAME” By Tschaikowsky Saturday Night, 8 o'Clock “RIGOLETTO” By Verdi PRICES: Matinee: $2, $1.50, $1, 50c Eve: $2.50, $2, $1.50, $1 Plus Tax SEATS NOW ON SALE Metrepolitan Theatre METROPOLITAN Com, Xmas Nite, Dee, 25 THE BEGGAR'S OPERA WITTY WICKED AND MELODIOUS niGuTs KRDAY MATING 51.50 ae Plas Tax CHRISTMAS ATTRACTION j “Almighty Dollar” tm fact! GOOD DOLLAR IS SBETTER THAN PAPER “Wouldn't there be a senttmental ction against repincing foreign eye—marks and kronen and lira, erling—with a foreign doll: Fandertip was asked. = he anid, “but they| | | Bdeled after the federal reserve mys. -but would not be a part of It, Senator Owen of Oklahoma has | magented. He thinks such procedure MBht be dangerous. Yor all of Burope.” he explained. “@)iMion dollars gold reserve would D@lecessary. But it should be start- dually. Only about a fifth of thilsum would be necessary for the n countries that might adopt thebank plan first. Th: would be be sickest countries finfinctalty, Pefips Poland, Austria, Jugo#la- via, Hungury, Bulgaria and Ru mat. It could be extended to other countries Inter. “Dreign dollars would be tamed, | Wkeur federal reserve notes, backed | by 80 per cent gold reserve. Thus $20090,000 gold would furnish a billie dollars tn currency for the | Counties I have mentioned. The big thingis that it would establish a unifom currency and enable manu- factumes and merchants to have a iva Metuating basis for contracts. “Tm redemption of these foreign dollar wtes in gold would be tem- porurth euspended-—as are Rank of | Engiam notes, This would prevent | hoarding INVESORS SH FINANE BANK “The ank should be financed prin. | Cipally & investors tn this country, | There wuld be vast benefits to | America® the investment itself, and in the Sibilization of world trade. | Foreign governments would have} nothing & do with the bank, for it would dj with neither individuals hor govermenta, but simply discount commercid paper held by other banks, Jum as our federal reserve bank does* Vander, speaking briefty of his other promt to use Europe's debt to Americator the rehabilitation of Europe's conomic structure, aid the plan wae wet altruistic but predt cated on the sound business prin ciple of heltng a debtor so he could | pay hie debts rather than crushing j bim #0 he timer could pay. He also pmposes that the admin. istration be tept out of the hands of congressimal committees. He suggests & Mmpolitical commission, ) With Herbert Hoover at its head. | TUDGE GIVES YULE PRESENT} NEW YORK, pec. 23.—"T'll give | you 20 years,” mid Judge Rosalaky. | “That's a fine Christmas gift, judge,” said Rocco Aquini, highwayman, | “hut are you tre you can spare! rr | vindicated and the critic sharpened [ DID NOT BITE HER TOES ‘Twas a Long Trip Londén court with a dramatic eritte as villain, The critic had written of Mim By E. P. Chalcraft er Cer raat wee Irving that “in the third act she be: | It was a long trip, but it waa|® B6W one to mont of the party came a raging, frothy epileptic, roll worth the effort—Thursday’s indus-| One of the specialties put out by ing on the floor and biting her toe triet luncheon-viait of the executive| the Tregoning Manufacturing Co, 1s | nelle.” committee of the Chamber of Com-|@ garage door, Light, strong and) So Mins Irving brought suit for libel “At no time did I froth at the mouth! she declared in court Judge: Did you roll on the floor? Miss Irving: Why, certainly not! Judge: Dia you bite your toenails? Mise Irving: Not by any atreteh | of the imagination could I he sald to | have done thatt e Judge: Were you wearing shdes and stockings? Miss Irving: Certainty. Judge: Did yeh bite them? Mine Irving: Of course not. merce Northwest Products bureau Meeting at the office of the Tre goning Manufacturing Co., 183 Went: | lake ave. N., the members were taken by auto out along Lake Union, acrons Fremont bridge, thru Ballard and on in whieh it is used, this door in being turned out in large numbers and has proved @ popular seller. | ALL SOLD IN EAST But practically afl of these door are sold in the East. The bulk of them go to New York, Boston and Neighboring cities, which announce- ment created considerable surprise among the visitors, “The reason we dont sell more of them locally,” it was explained, “ts because a man here prefers to buy & few dollars’ worth of lumber and knock together a door for his gar age. Of course that is cheaper, but he hasn't got the door that will stand to the foot of W, 65th wt, where the company's mill plant nestles down by the Sound at the foot of the canal. JOKE WAS ON LANG Up until the war the Tregoning Manufacturing Co. made boats. Now they do @ general mill business, op- erating @ Metal works in connection with it. By which token the joke ix on Frank Lang, the stove manufac turer. About the first thing Lang spied upon enteriag the mill was a big heater. “Ah,” said he, “I see you use good stoves—there is one of mine.” “It looks like yours, but ft tan't,” replied Tregoning, president of the company, ‘We made that stove our | ished “in enamel, they are widely selves in our metal works.” used. Sashes, doors and the like were| Accidents are practically unknown viewed in the making. Many Inter-| in the Tregoning plant. The reason esting and clever bits of machinery | is Indicated In a . which warns seon at work, including one that any employe ustng machinery Whereupon Miss Irving was duly his pencil to lampoon someone else. “Medicinal Beer” + Jake With English LONDON, Dee, 23.—English op. up under service like one that ix made right.” Another article that In sold mostly out of the state ts a fireplace mantel made of fir, Most of there go to California, It was stated, where, fin- handed down in Washington. They believe that this is a beginning of what one “Wwet" leader calls “a re |beers. ‘The British “dryn,” however, turn to sanity in America.” and that declare such hopes are without ultimately the United States will | foundaty and predict that America sanction the sales of Hight wines and! will al maintain prohibition wa Store Hours Tomorrow as Usual | Wh From 9 to 5 o’Clock T OMORROW, of all days in the year, the advantages of early morning shopping will be most strongly apparent. i” OR this, the busiest business day of the season, i: j every provision that foresight can suggest has | @ been made to insure helpful service to our patrons, right up to the closing hour. AST-MINUTE selections of Furniture, Victrolas and other bulky gifts can be made with assurance that delivery will be made in time for Christmas. S UPPLEMENTING the elevator service, stairways on three sides of the building will assist patrons in making easy progress from floor to floor. o gurtle g GUIDES, conspicuously badged, are sta- tioned on the First Floor, to supply any needed information or suggestions regarding gift merchan- dise. GLOVE BONDS AND GIFT CERTIFICATES are on sale at several conveniently-placed stations, dotted here and there about the Store. These sensible Gifts are always appropriate—they are issued for any amount desired by the donor, and are redeemable in merchandise at any time, in any Section of the Store, at the pleasure of the recipient. * ° ne — \Playing at Santa, Girl Slain by Car} 8T. PAUL, Dee 23.—Playing San- | ta for her sister, $year-old Dorothy | An skipped across the street to & packige, In her mind | wa cture of the Christmas tree | she trimming A scream. shout, grinding automobile and Dorothy's limp form waa carried into a house. Shé way dead. | ‘ I ‘OOTH IN LUNG, | DENTIST PAYS NEW YORK, Dee, 23,—Louis Adel- | son wanted a tooth pulled. When | the operation was over be found the | tooth was in his lung, He got $13, 700 damages from the dentiat THINKS HE’S FOUND LADY’S SILK UNDIES 1. W. Hogte, fuel Qealer at 2146 Sixth ave, thinks the garments might belong to the young woman who wrote The Star that she had been robbed of such apparel. She can have it at the above addrens, built to last longer than the building | AGED MAN LEAVES BODY TO HOSPITAL CHICAGO, Dee. 24 The || of Morris Hellborn, just || the Chicago probate court |] vides that his body over to @ medical ec termine the cause o' ous pain he suffered before hin death at the age of 89 last week Afteg providing that $4,000 be divided among his heirs, the will directs that any remainder be given to Miss Jane Addams of |] Hull House as an expression of his admiration for her. will without @ guard is subject to dis miswal, After the inspection of the plant, ® piping-hot dinner was served in the company cafeteria. ‘This was fol lowed by the regular weekly bust. hens meeting of the committee Two propositions for the building | 4p and encouragement of business in Beattie and the Pacific West were pected at the meeting of the com | mittee next wi ORSE LANDS HIM IN JAIL Moraweks’ horse got tired and wan- dered to the police station. An tn. quisitive cop looked into the barn and |found moonshine. When Moraweks came to get his horse he was ar- rented discunwed, and definite action is ex-| Francisco Villa OPE NEARS FINANCIAL COLLAPSE KILLS HER BABY, "SLASHES SELF meee Woman Near Death After Slaying Child 13 Days Old KANSAS CITY, Mo, Dee, 28-9 | Mrs, Esther 8. Langworthy, 19, | Killed her 13dayold baby by @ulle | ting her throat. The mother | slashed her own throat, She ably will recover. A noise awakened Mra worthy’s «ister, Margaret C who saw her sister attempting cide. Her screams brought | father and Mr. Crouse mved woman's life. Mrs, Langworthy’s husband, automobile salesman, had not attentive to his wife for weeks. Is Poor ne MEXICO CITY, Wee, 23. have reached here that Villa's operations as an agi it have been so disastrous that he APPLETON, Wis., Dec. 23 Paul | practically “broke.” Friends of | bandit chieftain are maid to |been approached with the idea | getting a loan either from the ernment or from banks with which the government has a strong . Lye