The Seattle Star Newspaper, December 15, 1922, Page 3

“ese Allies Esc. America Financial Poobah' Bditor’s Note; The article written by Garet Garrett In the November 23 tasue of the Saturday Evening Post on war reparations inspired the follow: ing short article by James B. Metealf of Seattle, The maze of stati pe Obligations { SOME SPEED )| * * % * * & | ae XMAS GIFTS if We Can't Sell Our Big Stock | We Will Give It Away . Tomorrow we are going to play Santa Claus with a part ef our big stock. The repaving of First Avenue upset our * so much during the summer and fall that we were : overloaded with stock. We started a big price-slash- » sale a few weeks ago and the storm came along and ered with that. But we must get rid of our im- stock some way, so we will make Christmas Gifts Saturday only. y one of our $2.50 and $3 hats will be given ABSO- LUTELY FREE with every purchase of a suit or overcoat o Saturday. And consider the slashing, sacrificing prices we are making on these same suits and overcoats, Almost them to you, too. who can wear smaller sizes can get a good suit for That's almost giving a suit away now, isn’t it? nd it you get a $2.50 or $3 hat AS A CHRISTMAS INT. All-wool, well-tailored suits will be half given y at the price of $9.85, with a Christmas present of a _ tage h $30 t $40 for a euit,' now you men who usually pay 0) 4 : are ae we are sacrificing at $13.85, WITH A PRES- OF A $2.50 to $3 HAT. these suits are just samples of the thousands of real that await you at this big FORCED-TO-RAISE- SALE. Women can have choice of over 200 pairs shoes for one dollar. Think of $1 for a pair of Boys’ Shoes worth $3, go for $1.69. Boys’ $5 High wm Shoes are slashed to $2.85. For $3.95 you can have ce of a fine line of standard-make shoes, including ' Bannister, Stetson and Crossett. No need to tell fou what these shoes sell for at other stores. | wy heavy wool and wool worsted Union Suits are ged for quick sale at 98c. And you can get Men’s heavy- ight wool worsted Drawers for thirty-eight cents. (Yes, $3 Union Suits for men, $1.85. Good Wool Sox for Men’s heavy Wool Sweaters for $2.98, and $4 ay ww $2.49. Some good weight will for 98¢. A i yen like to get a Boys’ Suit for $3.85) or a Boys’ Wool Mackinaw for $3.95] ? Come in Saturday and look heavy Mackinaws for men, all sizes, that! No, you don’t get a free hat least half the Mackinaw FREE. we are giving away a stock of 200 pairs, Saturday for, more, go on offered in the ease have n shortened in order that St readily grasp the essential elemenia of the parations question, so large ® bearing on our national financtal standing. By James B. Metcalfe Proctor in Admiralty The subject of inter-allied war dobta, one of the most important po-| litico-economio which concerns the United States, is but litte understood by @ vast majority of the people. 1 am constrained to believe that a short resume of the treatment of this prob- lem by Mr, Garet Garrett tn the Bat. urday Evening Post of November 26, 1923, will be of compelling interest. Mr, Garrett's very able and logical article should be read and digested by all, The United States has been tit ally, and is yet being, lampoc cartooned and called a Shylock more Mmiquitous than Shakespeare's money lender of the middle age The propaganda for the cancellation war debts is still insistent and in its Present atitude essentially misleading Mr, Garrett's array of public docu- ments, diplomatio correspondence, facts and figures disclose the naked truth underlying all this morbid tirade against our country. Europe before the world war w creditor to the whole world, drawt annually billions of interest, tnclu ing et least $500,000,000 annually from the United States. The huse sume advanced the allies during the war shifted the account to the debit wide of the International ledger an as Mr, Garrett asserts, developed kind of “debtors’ hysteria.” “For four yoars Great Britain has been moving Coasclessly by indirection to batng about @ general cancellation of Inter- Rational debta, meanwhile failing to enter into any arangement that looked to the payment of her debt to this country,” he says The United States government, be- coming impatient under this incon elusive attitude, congress called for action. During this period the dis- | Unguished acting minister of foreign affairs, Lord Balfour, dressed a note to G European allies, all re of the} United States, that at Britain | thought of performing an act of “un-/ paralled generosity.” In substance. to forgive, cancel, and utterly wipe out the war debts of the allies and foregoing Britain's share in German | indemnity, amounting to the Colossal gum of 1,400,000,000 pounds, Truly it seemed divine in tte un- Paralloled generosity, Its ef! upon public opinion in Europe, if the United Sta refused to concur, would be to relpgate It to the obnox fous role of international Shytock. It tw this feature that Mr, Garrett han- Mies with consummate skill and strips the question of Its camouflage of un- paralleled generosity and lays bare the adrott diplomacy hidden tn the note of the British earl. ‘The ground urged for the huge adroitly ad- Britain's (just the thing | forgiveness all around ts, “that the , ribbon-trimmed house slippers will go Sat- while they last, at 85¢ a pair. . in_the x Sg tenet cea tists S FREE, will naturally attract the crowds, FRONT CLOTHING CO. FIRST AVE.,CORNER PINE ST. TAR SHOE STORE j Seneca Strest—Corner Second Ave. Big Shee Shipment Goes on ALE! 800 Pairs of High Grade S xfords and Pumps to Be Sold GREAT SACRIFICE in order to make room in our limited quarters for ether big shipments purchased and now due to arrive. ' Shoe prices are advancing and will go higher. Our prices are the lowest offered in the city. Inspect them. SLIPPERS COTY TOES-—-Dig assort- ment ef ge “Cony Toe” Slippers in beautiful colors with soft seles, and others with leather seler and ordinart!- $1.50 of Ladies’ med Felt Slip- 14 Christmas inary $1.50 val- Fen pieced $2.25, cially priced at |. adlen’ Shoes, pamps and ox- fords in brown and binck bi kid and calf, fary heels. value at priced Children’s an rT that they like. Shoes and Oxtords in calf and kid; shoes that ere ordinarily priced at 97.95, for this $4.95 . special sale only war was a common enterprise in de- fense of civilization; wherefore, no money account should have been kept at all. and no defender should charge another for things con- tributed.” At this time the war debt of the allies to the United States now stands 100,000,000 and $11,000.- 000,000. the first place, when Great Britain says she ix willing to forgive war debts of any §17,000,000,- 000, while the United States in un- willing to forgive to Britain a quar- ter of that sum, say $4,500,000,000, the arithmetic !s misleading. In that eum of $17,000,000,000 war debts due Great Britain which # would forgtve ts included $7,500,000. 990 of German indemnity, which now is admitted to be uncollectible America has no claim agninst the in- demnity to be enforeed or forgiven, and doen not participate in such claima of German reparation. England « debt unless we also forgive ail oth- jers, Deducting the German tndem- nity of $7,600,000,000 from the $i7,- 000, Great Britain would for- lat the same time be forgiven $4,250, {000,000 owing by her to t! nited |Btates. This leaves the figures as below: Great Britain forgives.$ 9,750,000,000 Great Britain is for- Net British sacrafice. .$ 6,500,000,000 The United States would forgive and and sacrifice ... Thus we would lose $5,000,000,000 more than Great Britain. When hostilities ceased France, Great Britain, Italy and Belgium, and others, took over from us, on leredit, docks, buildings, plants, rail- |Foads, machinery, large radio plants, and vast stores of food and other |supplies. Loans for relief and un- paid interest Increased the debt to between $10,500,000,000 and $11,000,- 960,000, which fs represented by the 1. O. U's and recited as obligations by certificates of indebtedness an fol- ows: “This certificate will be con- verted by the government of * * ¢ (United Kingdom of Great Britain) * © © tf requested by the secretary of the treasury of the United States of America, at par, with adjustment of accrued interest, into an equal par amount of & per cent gold bonds Painless Extraction of Teeth Free From 9 to 11 BOSTON ul EMTLI) Ser of Teeth. -....$5.00 A real specialist in charge of our Plate Department, .. $4.00 Gold Crowns, only reliable Radiographs — the method of knowing the exact condi. tion of your teeth. One X-ray free. | Our treatment of pyorrhea ts con. | sidered the best; $2 per tooth In One Location for 21 Years BOSTON DENTAL CLINIC of} * * * conforming to the acts of con. grees.” After Great Biritain began the } move of unparalleled generosity, after ath. ios, advanced 0 to Great Britain alone, that, as late as March 14, 1919, we advanced to France § 000,000 more and to Italy $250,000,- 1000 more. “Reflect upon the apectacte of the ontinuing to ad- f millions of dollara, . to foreign t the same time are debating a canceliation of those very ans! When did a Shylock lend ey in that man ws Another | feature of the I, 0, t While Great | Britain, France, Italy and other al- lies were giving us their 1. O. U's for war things they got tn the United States, we pald at once for all things tin Europe, We pald in dol hich the whole bunch wok an enabled to purchase other plies and matertals with Uncle Sam's \* und money, as the olf man gave }no one an 1, OU. Again England ‘charged us $90,000,000 for transport. | ing 1,000,000 of our troops to France | We do not owe for the service: the | dent has been adjusted and pald. JUTE EPISODE ‘The British government Mixed war prices for iteelf in own country and thruout the empire. But the prices did not apply to purchases by America in the British Empire, All the Jute in the world comes from India and is an ensential war mate- rial, The Indian government had jot ita allver hoard run down, The In- dian people began to present their paper rupees and demand silver and the government became embarrassed jand the Prttish gover mt much disturbed. At that time ther over $2 000,000 of coined silver dollars in the! United States treasury, These held to secure the jaxue of silver tifieates, Great Pritain appealed to America, Congress passed a authorizing the treasury to we overn= | ments, oer | silver doliars and lend them to, 4¢ Thus a calamity was! 5 Great Britain, [averted It took some time to melt tnto bul- on, and for the Britiah to coin the silver, and in meantime our war hoard Industries came to an tryanne with the Hritish government over the| price of jute America was charged lig the United bigher prices than the British had to pay, but, it was a matter for the In-| dian government, and Britain sorry but could not contro! the af ton, The war industries backed by the government in sub- stance sald: “No more silver dollars to be melted up for rupees,” within 48 hours the Amertean ernment was able to buy at a price. 10 PER CENT SURCHARGE } for the army. the British for « large quantity at the trade prices. The wa: board sent two American ships to Australia for the wool, ing for the « to sign a contract Building a church between'% sunrise and sunset demands|§ plenty of But Buffalo, with 50 members of the Churches of Christ, built a church at the Cattaraugua In- dian space of time. Jury advanced Muc food. lewing trom war to peace. rett resolves the Into two questions FOR XMAS! 4 Don’t let the ready cash worry you—whether it be a gift or for your own personal use, you should take advantage of the splendid values THEPAcIFIC is now offering! Gilt Will Be Given Away FREE With Each Purchase ea and energy. Mrs. M. Butler of Pay o0$ as cpg little as § or reservation in that No loans as retroactive, yet for nearly two years after the war the following loans were made: After the armistice and down to were | July 1, 1919, t United States treas- ireat Britain an ad- nab $576 Ma an additional $¢2 27.437,000. of the above funds went for relief and material needed to Mr. Gar- complex problem Should Burope’s war debt States government be paid asa matter of right? Recond 88 iter of fact? The answer to the first question by board! America to my mind seems plain. When woe contertplate the enoromus advancements made, the vital pur- 4nd poses for which they were made and fov- that the promptness in making them fair enabled the allies to defeat Germany, and the large wurn of nearly $2,500,- 000,000 being advanced, after the war bugles had sounded Another similar tneldent occurred |the morality of the problem shines when the United States noeded wool! clear and the answer is unquestion- We contracted with ably, yea Second. Can tt be paid as a mat. industries |ter of fact? Mr. Garrett again aye: While wait-/any one pretend to aay the 172,000,000 @ board was asked | people of Great Britain, France, Mel- to pay above the|«tum, Italy, Rumania, Seecho Sia- purchase price an additional 10 per|kavia, Jugo Slavia and Greece in 28 Cen it be pald as @ mat. needs a surplus of things equivalent to the surplus of things produced (in the U. &) in 19 months by 100,000,000 people tn exceas of their own peace and war needs combined?” All of these debtors would have the 100,000,000, survived dthe war tn- Now when we revert to the indubttable fact that had it not bees for American doughboys and dollars, that the allies might be paying their whole world as @ market to sell in.| hard-earned coin into the coffers of Mr. Reginald McKenna, formerly | Germany «nd probably being regaled chancellor of the British exchequer, | with the German “goone step” along in @ speech before the American | their principal thoroughfares, the bankers’ convention ip New York /answer to the second question is anid: “England still owns sufficient | easily yes foreign securities to cover her debt| A careful review of the above re- to the United States two or three | sume, or the article in the Saturday times over.” Evening Post, should the United “conse firing.” “Does FRIDAY, DECEMBER 15, 1922. 3 | SAVE YOUR MONEY SS \ \\: MAKE YOUR OWN TERMS! —Says Our Credit Man A WEEK serenely bear her own tremendous. war expenses, does not partictpate in German indemnity and receives no territorial aggrandizement, we could not complain if history recorded the United States as bah of the Theatiain coun a SALMON $2.00 Shipped anywhere tm the U. &. A. (Prepaid) OCEAN FISHERIES CO. cent “for overhead and administra-|years cannot with thelr labor pro-| Mr. Garrett asmumes that this| States forgive the mter-allied debts|| 1828 Mallvesd Ave. |. Mate cope} tion expenses.” fused whereupon It received an ulti. matum, “Uniess It signed the contract the American ships waiting In Aus- tralia would not be permitted to ship the wool” ‘The war board in sub- mance said: We hi to have the wool, we may sign the contract to| got tt, but if we do, 10 per cent will | be added to everything you buy In the United States: This wrought @ change in the British attitude. ‘The allies have regarded these pub- Great for Bad Coughs and Colds Make Your Own Medicine and Have the Best There Is. Youll Say It's Good When an Mucus Disappears and Clean Healthy Membrane Is Your Reward Here ts an inexpensive home-made remedy that you can’t beat and one that will quickly bring up that) phiegm, stop the enuffiing, relieve! the clorged nostrils, make breathing | easy and cause stubborn colds and | Persistent coughs to vacate—many times over night. Try tt right away tf you auffer from Catarrh, Chest Colds or any tr ritating nose or throat troubles and you'll be glad you ran across this little bit of advice, Get from any druggist one ounce! of Parmint (double strength), add to it @ little sugar and enough water to |make one-half pint. You can make [it in two minutes and when it ts | mixed you can pride yourself on having @ medicine that acts directly on the membrane of the nose and throat and acts so effectively that all |phiegm, all tickling and inflamma. tion speedily disappoars,—Advertise ment. | Glasses $5.00 Compl FREB EXAMINATION p 1420% Becond Avenue | Tho war board re-!dure in excess of their own peace’ amount was tne bulk of Great Brit- This Is the Store Where You Can Get Thousands of Acceptable Gifts A Real Live anta Claus will be here all week, commencing Monday. He has something good f the kiddies. Bring them in to see him. _ pees The following are a few of the many acceptable gifts to be had here: Dinner Sets Uriusual values in emt} lain Dinner Seta, 40 to 50 pieces, ornamented with gilt and attrac tive designs. Very special, $10.95 to $13.05 set. Boys’ All-Wool Knicker Suits with an Extra Palr of Pants $7.35, $8.50 to $19.98 Boys’ All-Wool Mackinaws 95.00 to $7.50 Boys’ Wool Sweaters All school colors, the kind the boys want, $1.00, $1.50, $3.50 to $6.50 Boys’ Top Coats to fit all agen, 96.50 to $8.50 Boys’ and Men’s All-Wool Caps Latest styles, $1.00 ‘to $2.00 each. Toy Department Now in full swing, Hundreds of Dolls and Toys of the most pular kinds at the lowest possible prices, MEN’S FURNISHINGS Silk Neckwear An endiess vartety of all the newest in silks, ranging in price from 2c, 50c, Zhe, $1.00, $1.50 to $2.00, Men's Beacon Bath Robes Very attractive designs, from $6.00, $7.50 to $10.00, Men’s Outing Flannel Night Gowns and Pajamas 81.25 to $1.05 up. Men’s Shirts In Silks, Madras or Flannel, tn every conceivable pattern. $1.00, $1.50, $2.00, §2.50 to $5.00 each. Men’s Handkerchiefs Single or In boxes, at 100, 150, 250, 35¢ and 600 each, Women’s Extra Heavy Suede Gloves All colors and sizes, 69¢ patr. Misses’ Brushed Wool Scarf and Cap Sets 83.50 cet. Women’s Beacon Bath Robes Satin trimmed with girdle. Spe- lal, $4.95 each. Crib Blankets 80x40 Inches. Animal floral designs, $1,00 each, Woolnap Blankets 66x80. Plain and plaid pat: terns, $4.50 pair. Children’s Fur Sets Composed of fur collar and muff, $5.50 to $6.95 set. LL and Mallory Cravenette Hats Just received a shipment of the latest blocks, all colors, $3.50 to $5.00. Men’s Gloves Mined and unlined, In wool, suede and kid.. Priced from bie, “9TME ST V 15e, $1.00, $1.50 to $2.00 pair, Suomen SAVES VOU MONEY Boys’ Shoes For school or dress wear, Made of solid leather in all the styles the young chaps like. Very rea ronably priced, from $2.00, $2.25, $2.50, $3.00 to $4.00 pair, TREGY SECOND AVENUE AT JAMES Of $10,500,000,000 or $11,000,600,000 “Oldest and Mest Christmas Silk Hosiery and Underwear For Women and Children Extra Quality Silk Thread j ] Hose $3.50 Pair * Women’s Pure Silk Hose With mercerized knee, $1.25 pair, Women’s Wool-and-Silk- Mixed Hose $1.00 Pair Boys’ Extra Quality Wool- finish Cotton Union Suits 85¢ to $1.25 suit Girls’ Silk and Wool-Mixed Union Suits $1.50 to $2.50 suit, Girls’ Wool-finish Cotton Union Suits O5¢ to $1.35 suit Children’s Aprons 5O¢ to $1.25 cach. Women’s Silk-and-Wool- Mixed Union Suits $2.50 suit. Extra sizes, $2.75 suit, P