The evening world. Newspaper, October 7, 1921, Page 9

| i funding under the varying conditions that exist to deal fairly with the ead veatelteh and at the same time | to interests of this Reutty, “To do this it is essential that the ezine ae full authority as to Indebtedness to de- least Ry cae and terms of the settlements and of the stl ob- MELLON ASKS QUICK ATHY 10 ‘interest on the indebtedness. to be re- Meets jection to to One- Mi an funded. It ts also of Jmportance that Power bs Saving Other the department should have adequate Nations Do So. authority to adjust and settle claims against foreign Governments which ‘are not in the form of bonds or obli- WASHING 7.—Secretary | gations, as for example tho claim Mellon 1 launched the}ror costs of our military forces of | Administration's plan for handling | eupation.” it the foreign loans amounting to more” gocretary Mellon anid there was no than $10,000,000,000. He has ooxed the | | eneaent of accepting repayment for S and Means Committee to act/these joans except in American cur- | * thout delay on the bill ¢ ating | eee, ‘The various loans are backed | ull authority to the 8 he| ty different forma of securities, one| Treasury, with the Pr P- lo Austria being a Men on public Droval, to hanfe the indebtedness. |p ounty, Opposition arose when members|” It has been urged that the United questioned the advisability of centr-| grates release this len, accepting ing in one man authority over such | some other securities, in order to let| Austria go abead with plans for f-| nancing Itself. “There bas been no idea of a gen- lange sums. Here 's what Mr. Mellon would be empowered to convert or refund if the | Measure were passed as proposed: | rai substitution of Governments as| Loans under the Liberty Bond Acts, | geytors, or of Government securities,” $9,436,22 obligations received from aig sty, Miller, “only a abifting of the American Relicf Administration, | the character of securities, $84,093,963; obligations received from | intention of the the Seere} It is the| ‘Treasury so to fund | of War and Navy on| these foreign debts as to insure regu- lar payments of interest on them un- account of sales of surplus war ma- til maturity,” tions held by | tm the opinion of Seeretary Mellon | the Unite Corporation, |the Governments of Europe owing | nine-tenths of all the debt will be in |condition in another year to make In arguing for the need of #0 much | 5. ments of interest. There has been authority the Secretary said: | fo interest collected on the foreign $56,899," 1 $10,1 “By reason of the lack of any au-| debts since 1919. There {s no Inten- thority as to a part of these foreign | tion, sald Secretary Mellon, to com- bil fe a Sa eabRHetin® of pound interest in the settlements or| s Ahh iol tel lata aaie ibis Upon | refunding of the loans. the existing authority as to the | Secretary Mellon said there had sthers, it is impossible in any re-| been no request or suggestion from G. Aliman.& Cn. MADISON AVENUE = FIFTH AVENUE, NEW YORK Thirty-fourth Street Misses’ and Girls’ Smart Velvet Hats at the exceptionally low price of $6.50 will comprise a value-giving Sale of special and timely interest for to-morrow (Saturday). These are newly-made Hats (ready for wear), in attractive, youthful modes for Autumn and early Winter. There is an interesting variety of styles and colors, and a number of black. The velvet is of excellent quality. First Floor Millinery Department (Juniors’ Section) A Special Selection of Woolen Fabrics In Lengths variously adapted for Suits, Frocks, Skirts and Coats, will be on sale to-morrow at decided price concessions Included im this offering will be velours de | laine, tweeds, plaids, checked and striped suitings, embroidered serges and a generous : assortment of black suitings and coatings. (First Floor) ——— ee, —<—==== The New Vogue Patterns for Autumn and Winter | are on sale on the Fourth Floor | Es THE EVENING WORLD, FRIDAY, OCTOBER 7, 1921, ment loans might interfere seriously with this trade movement which the |Government is financing in part." anne |BEFOG DISCUSSION BY WAR DEBT TALK any foreign Government for cancel- lation of Its debt. “Do we expect to collect from Rus- |sta or Czeoho-Slovakia,” asked Rep- fexentative Watson (Rep. Pa.) “Collection trom Russia’ now seems | rather hopeless,” replied the Secre- “but conditions ate better in Czecho-Slavakia.” LONDON, Oct. 7—Despite the Representative Frear criticised | ohvious peril to the attainment ot Placing the vast authority In the Sec-|the main purpose of the Washington retary of the Treasury, but Mr. Mel. |Genteronce if the question of war Jon said the authority must be given as foreign Governments had placed it with their fiscal officers and with debts {a dragged Into the discussion, certain newspapers here are puesu- ing a regular campaign to that end. these the Treasury would have to|jt is now suggested that Harding Lh te would not object to a financial con- Secrétary Mellon contended that it| ference, following that upon disarm might be better to defer interest pay-|ament and the Pacific muestion, but ments on the debts because of busi-|that does not satisfy the editors who ness conditions. He estimated the|aim at using the conference to bring amount of foreign obligations held by sure to bear on America to cancel private banking, corporate and indus- her European indebtedness. trial Interests at $4,000,000,000. cept for Winston Churchill, whose “This Government 1s encouraging| allusion to this question in his Dun- foreign trade and is advancing funds dee speech may have been unauthor- to aid exports of American products,”|\zed, there 1g no sign of Ministerial he said. “Dhe foreign Governments) support for this Intrusion of inter are short of gold. To force payments|national debts into the Washington jby them of interest on our Govern- deliberations. FRUTCHEY SILK SHOP 4 WEST 40TH STREET Near FIFTH AVENUE PRESIDENT HARDING’S conference on employment would be unnecessary if all business were as active as the Frutchey Silk Shop. We ARE active—we ARE busy, be- cause women who know values call Frutchey values most unusual. Let us show you the NEW silks—at $7.85 a yard— velour chiffon and georgette brocades; and all the most wanted and Paris-approved metal brocades. All the NEW colors, too—black and gold, black and silver, white and gold, white and silver, French blues and silver, fuchsia and silver, gray and gold, mauve and silver, and many more. By actual comparison, elsewhere $10.50 to $20 a a here now $7, 85 a yard. Thirty-fifth Street Misses’ Frocks presenting the newest modes Autumn and Winter fashions in frocks for demoiselles are seen in their most enticing form in the Department on the Second Floor. The fashionable modes, materials and colors are adequately represented, while the prices are of so wide a range as to meet everyone's requirements. | The following are in regular stock: $16.50 to 195.00 32.00 to 195.00 38.00 to 210.00 39.00 to 280.00 Street Frocks . Afternoon Frocks . . Dinner Frocks Bvening Frocks FA | | | The Hosiery Department has assembled, in readiness for cooler weather, a new and interesting selection of Little Children’s | Woolen Play Suits consisting of sweater, leggings, cap and mit- | tens (all to match), im sizes for children of 2 to 6 years. These warm and attire little suits, which may be wor boys or girls, are shown in a va styles and colors. | f ’ * i Children’s Leggings are shown in the same Department | Drawer leggings may be jersey, velveteen or corduroy; im wool jersey, velveteen, cord cloth or leather. Leggings made to order are a special featur in all cases the prices Franklin Simon 8 Co. A Store of Individual Shops FIFTH AVENUE, 37th and 38th STS. i Showing Fashion’ s Love of Contrast OF CHIFFON VELVET FOR MADEMOISELLE (44 #0 20 yrs.j Display The Nogw Draped Skirt and The Colorful Flowing Sleeve 45 ,00 Not CONTENT WITH CON- TRASTING DARK AND VIVID Hues, FASHION CONTRASTS THE DEEP LUSTRE OF CHIF- FON VELVET WITH. THE GRACE- FUL SOFTNESS OF COLORFUL CREPE DE CHINE SLEEVES. Frocks of chiffon velvet in black or brown with flowing sleeves of crepe de chinein a contrasting color, with design in black paillettes; draped skirt; new bloused bodice is caught in front with jet buckle. MISSES’ DRESS SHOP—Second. Floor Franklin Simon @ Co, A Store of Individual Shops FIFTH AVENUE, 37th and 38th STS. i Franklin Simon Co., Issue A Junior Edition of a Paris Frock COPY OF A LANVIN FROCK IN WORSTED JERSEY OR TRICOTINE For Fr. Misses (13 to 17 years) 25," Original Paris Model Cost $150.00 j Fe that leaves all \ of the original fashion and smartness of the Paris model and takes one hun- dredandtwenty-two dollars out of the Paris price. . . Heuna, Brown or Navy Blue Worsted TFersey with Large Lanvin Buttons and Collar and Cuffs of White Linen Edged With Lanvin Motifs GIRLS’ DRESS SHOP—Second Floor om Franklin Simon a Co, A Store of Individual Shops is FIFTH AVENUE, 37th and 38th STS, For Mademoiselle (14 10 20 years) WINTER COATS OF [IMPORTED ENGLISH TWEEDS Shawl Collars of Natural Raccoon Fur. and Linings of Suede Cloth for Siaveneri and Warmth 45,00 OMPANIONABLE coats for winter days; coats that will go motoring ‘and tramping and yet be very much at home in town because, after all, there is nothing smarter than a coat of real English tweed, swingingly cut and be- comingly fur collared. Brown, Gray or Tan Mixtures OTHER TWEED Top- COATS — BELTED AND Sttip-on MODELS IN Smart MIXTURES 29.50 to 98.50 Misses’ Coat SHop—Second Floor Franklin Simon 8 Co. A Store of Indtvidual Shops if FIFTH AVENUE, 37th and 38th STS, Introducing a new fashion—the one piece frock with matching box. coat COSTUME SUITS Or HERRINGBONE TWEED For Mademoiselle (14 t 20 years) 45,00 For Dress and Matching (oat SMART dress topped by a smart box coat which is comfortably interlined so that its usefulness does not end with Octo- ber but continues through the winter. ut brown, rust or blue mixtures; notch collars, detachable belt. OTHER SUITS OF TRELAINE, SHAGMOR, HERRINGBONE AND RAINBOW TWEEDS 39." to 79,8 MISSES’ SUIT SHOP—Second Floor