Newspaper Page Text
FLOATING DEBT IS
Interferes With Industrial
RATE IS STILL HIGH
Business Anxious for Reduction
* Basis. ^
rARIF, Oct. I?According to offlctal
lUnm the Internal floating
debt of mac* to tali ?1.155.000,000
J**?0* which U more than twotAlrds
of the Internal funded and
tsrm debt. Thla floating debt Is almost
entirely raada np of national
defense bonds and advancee from
tie Bank of Prance. On May 11
lwt the former accounted for 58,?UWO.Mfl
franoa aad the latter for
franca. Since that
data the bank adances hare decreased
somewhat, bnt the bonds
aava Increased, and there has been
PObllo Issue of two-ytr 6 per cent
treasury bonds, which netted somethlng
Ilka (.M4).0?9.<MO franca
The Importance of the national
defease bonds In the financing of
etate expenditures on reconstruct
tloa. pensions and even ordinary administrative
operations can scarcely
be exaggerated. And yet the huge
sums which the state obtains from
their ssla ara subject to constant
renewal, since none of them run
for more than a year and some do
?ot run for more than a month.
The twelve-month bond pays 5 per
cent. the six-month 4H. the threemonth
4 and the Kne month 3 3-5.
The total annua) charges on May 1
wer? estimated at nearly 2.500.000 ooo
Hlader, Industrial Revival.
With the decrease of the bank
alacomit rate and the general deellna
of money rates the world over,
* government Is being urged In
aoma quarters to reduce the Interest
on the defense bonds so that private
enterprise may have'a chance of
getting funds. But the government
Is wondering how it will be able to
e*rry on If the consequence of reduction
of rate should be decline
of public subscriptions to the bonds.
There la no prospect of Its being
able to dispense with further demands
on public savings. for huge
auma are still required to finance
reconstruction In the north and
there la every prospect of a consolldatlon
loan ere long In order to
secure for a long period part of the
"???ey which the public now lends
the state on short terms. Certainly
German reparation money is not
counted on to relieve the situation.
The bulk of the national defense
bonds outstanding are for one year
?nd Are held by the general public.
In town and country. The thrifty
and cautious peasant has grown
"eed to them as a simple and ?afe
Investment and renews his holdings
whenever they mature. He still
hoards gold and silver corns, but ne
baa come to believe that the defense
bonds are almost If not quite as
Redaettva Brand ta Ceme.
Reduction of rate of Interest
might disquiet him. It Is thought
but after a little time he would be
reassured. It Is admitted all around
that reduction of the rate is bound
to coma, but officially It Is doubted
whether thla Is the moment to reduce
It. And In any case such reduction
is unlikely to free money
for private enterprise, because the
government still needs all the
money It can get. The only effect
will bo to lighten the burden of the
service of the bonds. The money
market will have to reckon with
the government as Its first. and
heaviest customer for years to
Growth of subscriptions to the
defense bonds has been greatest
since the armistice. Following are
flgfcres which have been especially
furnished by the Bank of France:
(In millions of francs)
192t May SI 58.812.000,000
Mar. 31 53.858.500,000
1320 Dec. 31 .... 48.500.000.000
June 30 44.200.000.000
1919 Dec. 31 46,140.200.000
June 30 33.578,000.000
l?l? Dec. 31 22.3S5.000.000
Mar- 31 22.009.200.000
191J Dec. 31 19.521.000.000
..j, June 30 18.515.400.000
l?l| Dec. 31 12.574.400.000
June 30 ;... 12.089,000.000
??1? Dec. 31 6,962,900,000
June 30 5.400.000 000
"H Dee. 31 1.288.300,000
* July 31 Nil
NEW LOW RECORD
IN EARLY TRADE
Htary Buying: by Strong
Houses Later Carries Wheat
<>?t. ? ? A new low
??de on wheat In the early
tracing aa the result of rather genbut
Shortlived. and heavy buying by
Itroof commission houses with
Eastern connections, combined with
f?*1 ??T*r'n*- carried values up
I Hi from the early low. after Derem
Der sold down to tinder tl 11
rty. On all tha bulges, however.
* return of pressure and,
(edMte reports from the seaboard
9t hard winters being- on a workIn*
basia with Europe and some
Business In Manltobaa and Pacific
Coast grain, the outalde figures
wewe not maintained. The trade
hMl per#lste9tly Ignored the
strength In foreign exchange, although
sterling Is now higher than
It was on September 10, when De-i
:emt>er wheat sold at $1.34)4.
Heavy rains have fallen In Arinuna
and the crop outlook there
Is very favorable. Loadings In tha
Canadian Northwest are practically
do*)!e what they were a short time
*? _ to favorable weather.
fTWaiaied Vj W. B. Kith. A Ce.)
* Open Hirh Low Close ck>*?
Ilk !hh ii!* i:!J2
Zt 2* ^
9*r.' 33 US n Mtt
a, 40 ?* ?* :?5
? ? 15 no
Jet_ 9.SS 9.80 9,70 9.70 9 u
la.^8 .2 9 00 9.0 ,rn ',H
>tj ' 9 75 6 75 (.70 A7? S TO
Uav 7 71 ^ Tjm 7 73 7.80 ? n
[ DEEDS AND DE
Published Daily, Except Mond
Thia record ia a transcript of
* filed in the office of the Diatric
Chesapeake it nw. between 47th
and 48th eta. aq 1537. lots SO and
32, Friendship?Mary L. Talt et vlr.
James L., to Daisy L. Tait, tlO.
Chesapeake at nw. between 47th
and 48th sta, aq 1537, lot 81. Friendship?Andrew
a Corey et ui. kibble
A, to Dalay L. Talt, $10. ?
Chesapeake at nw. between 47th
and 48th ats. aq 1S87. lot S3 Friendship?George
E. Satchweli et ux.
Llbbie U.. to Dalay L. Talt, 110.
714 Park soad nw, aq 2894. lot
44 and part lot 43. Mount Pleaaant
and Pleaaant Plains? Herbert F.
Ivers et ux. Ruth B.. to Lena W.
Dice et .rlr, Robert McC.. $10.
Rhode Island aye n% Oranby.
part ?lot 11. assessed aa parcel
168-78?Irving O. Quesada et ux,
Dorothy, tp Lillian M. Powell. ?10.
North or Buchanan st. eaat of
Georgia aye, sq 3015, lots 47 aad
48, Petworth?Myron M. Parker,
surviving trustee, to Walter O. McQueen.
Walter O. McQueen et ux, Bessie
B., convey same property to George
C^Pumphrey and Floyd E. Davis.
Near Jay st and Bell pi ne sq'
Sill, lots 25. 28. 27 and 28, Burrvllle?Joshua
Wilson et ux, Leanna.
to Nellie Campbel. $10.
Nellie Campbell conveya same
property to Joshua Wilson et ux.
3581 l$th at nw. sq 2833, lot 118.
Holmead Manor?Charles E. Gross
et ux, Mary E? to Jennla E. Allen.
Jennie E. Allen conveys same
property to Charles E. Gross and
Mary H Gross, his wife, aa Joint
North of Buchanan st. east of
Georgia ave, sq 3015, lots 45 and
4?. Petworth?Myron M ' Parker,
surviving, trustee, to Lawrence E.
Lawrence E. White et ux. Vera
B.. 'conveys same property, to
George C. Humphrey and Floyd E.
North of Buchanan st. east-\ or
Georgia ave. sq 3015, lots 27 aW
49. Petworth?Myron M. Parker,
surviving trustee, to Edgar M.
Edgar M. Peterson et ux. Elisabeth
B, conveys same property to
George C. Pumphrey and Floyd E.
Grant st ne. between Anacostla
rd and 42d st. sq 5077. lot 20?Commissioners
of the District of Columbia
to John Faust. $2.08.
Glrard st ne. between 13th and
14th sts, sq 3958. lot 2?Same to
Grant st ne. between Anacostla
rd and 42d st. sq 6077, lot 21?Same
to same. $2.08.
Randle pi se. between Alabama
ave and Savannah st. sq 6955, lot
5?Same to same, $23.54.
Randle pi se, between Alabama
ave and Savannah st. sq 5955, lot 8
?Same to same. $23.27.
Randle pi se, between Alabama
ave and Savannah st. sq 5955, lot
9?Same to same. $23.19.
1346 Emerson st ne. sq 1029. lot
127?Lilly C. Stone to Fred D.
Voelker et ux. Lucy B., $10.
Northeast corner Wisconsin ave
and Newark st nw. sq 1914. lots 3
to 10, Cleveland Park?Mary C.
Burrell to Maynard C. Burrell. $10.
Norton pi nw. between 39th st
and Wlaconsln ave. sq 1913, part
lot 4, addition to Cleveland Park?
Edward J. Owen to Guy S. Saffold.
North of Shepherd st. east of
10th st ne. sq 3889. lot 78. Michigan
Avenue Addition?Mlddaugh and
Shannon. Inc., to Ralph T. Mease,
1602 Vermont ave nw. sq 277, lot
D?Katie H. Boston to Edward H.
North of Kennedy st, west of
13th st nw. sq 2720. part lots 63
and ?4. Sixteenth Street Highlands
?Llllle W. Maupln et vlr. James
M.. to Llllle V. Maupln, $10.
Near 1st and B sts ne. sq 725. part
original lot 10?Ruth E Dodsre and
Helen D. McVlcar to Sarah McKnight.
Mt Pleasant st nw, n of Newton st.
sq 2620. lot 110, Pleasant Plains?
Claudie E. Miller et ux, Mayetta S..
to Ralph P. Barnard and Enoch A.
1929 16th st nw. sq 190. lot 119
Joseph J. Moebs and Adolph E.
Moebs td Male H. WUlJams. $10.
1302 Columbia rd nw; sq 2854, lot
j 808. Columbia Heights?Maria' L.
| Ryan to Beulah F. Miller, $10.
I Kendall st ne bet Capitol ave and
Gallandet. sq 4047. lots 15 and 16?
Harry Lamson a*d H C. Lamaon
trs to Anna Dillard. $500.
Kendall st ne bet Capitol ave and
1 S Sm, " "q 4#47, Iot 16-Chas.
I **' w"tsie et ux, Harriet H? to
j Anna Dillard, $1.
Norton pi nw bet 39th st and Wise
1 S*rt IOt * to
; Cleveland Park-Edward J. Owen to
| Josephine B. Wales, $10
418-20-22-24 O st nw. sq Hj, part
original lot 24?Arthur R Brandes
$10. "TenC* Furr *' u*. Minnie.
KlrbV "q ,ot
UXl ?*Tannah. $10.
7th ? sq 31$8, lot $1?
I A CENTURA
I * /^\NE HUNDRED 1
VJ almost the lifetim
I .,tlme 'he growth
manifested itself as one
in the history of civilizal
Throughout one hui
Bank has been identific
ness in all its phases. '
edge of national and in
been amassed, and an
been built up, enabling
cilities of the highest or
We shall welcomc i
service, and invite corn
' of the City
- - -
EDS OF TRUST
?y. in The Washington Herald
all deeds and deed? of
1 Recorder of Deed* yesterday
Wm. L Denning to Mary H. Fortiar*
$1N of Whlttier pi of Georgia
nw sa 2970, lot 56?Chaa. H. Stephenson
et ux. May H.. to LJUian
H. Beach, |10.
Gillian H. #each conveys same
property to John l* Harrington
et ux, Florence F., |U.
1902 Calvert ?t nw, *q *646. ljt
28?Virginia H. Wood to Ralph E.
P?naIphllE. Potter conveya ?rae
property to Orville U. 81nger. lit.
1501 Svinn et nw, aq 191, lot S5KRieta
S. Landrum to Samuel and
Florence V. Plnckiiey. 110.
25th st ne n of Hamlin it, sq 4888,
lot 45?Isaae T. Chlswell et ux, Ltllle
D.. to Mary L. Kelly, $10.
N of Kenyon ?t e of 18th st nw,
sq 2600. lot 123?Wm. W. 8paid et
ux. Ada B, to Caroline A. Robey,
1337 Columbia rd nw. sq 2849, lot
45?A. I*. QuaJntance et ux. Helen
M.. to Geo. W. Taylor and Clara C.
N of Albemarle st e of 44th st nw.
q 1647, lota 1, 2 and S?Geo. M.
Beckett et ux, Mignonette E., to
Elisabeth T. O'B/ien, $10.
N of Porter st e of 85th st nw.
sq 2064. lot 82?Harry K. Boss et al
to Alfred H. Kirchhofer et ux, Emma
McKlnley sr w of 89th st nw, sq
1747, lot 80?Aileen M. Callaghan
to Mary F. Campbell, $10.
1118 and 1120 25th at nw. sq 14,
lota $8 and 89?S. R. Norman at al.
truatees to Erneat M. Aiken. $4,950.
Erneat M. Aiken conveya aame
property to Thomaa W. Stubblefleld,
L? at nw, east of 18th at, aq 168.
lot 24 and part lot 28?Luther A.
Swartxell to Howard M. Etchlaon,
South of Vermont at, west of
18th at nw, aq 2556, lot 2?Joseph
B. Thomas et ux, Mary C., to John
W. Gregg, $10.
Monroe at ne, weat of 8th at, sq
3654. lot 13?Mary V. Dougal et al.
to Edward M. Nevils and D. Spencer
*1102 O st nw. 411 Franklin st
nw, sq 818, lot 13?Sq 510, lot 104?
L Cabell Williamson et al. to Mae
1214 B st ne. sq 1010, lot 64?
Frances McCarthy to Clara C. De?
1280 Maryland ave ne, sq 1005,
lot 68?Harry Wendall et ux, Jennie
B., to Jennie Bradley, $10.
109 6th st se, sq 818, lot 28?May
B. Tennant et al. to Mae A. Bayne,
109 5th at se. sq 818, lot 28?Mae
A. Bayne to Hobart F. Miller et ux.
Maude E.. 810.
North of Buchanan at. weat of
9th st nw, sq 3015, lot 52?Floyd
E. Davis et al. to Alexander and
Myrtle V. Munro. $10.
North of Patterson st, west of
32d st nw, sq 2021, lota 29 and 30?
Elizabeth T. O'Brien to George M.
12th at ne, aouth of Rhode Tsland
ave, sq 3939, lot 35?Homer Runkel
et ux, Maude M., to Henry Winkelman,
614 Florence court ne, aq 1051.
lot 73?Ella Lowrf to Stanley G.
North of Quebec at, eaat of 85th
st nw, aq 2063. lot 79?Hyman Goldblatt
et ux, Minnie, to Romalne G.
Waltenberg et ux, Thelma S., $10.
South Dakota ave ne. north of
Rhode Island ave. sq 4290, Tr>ts 12
and 13?Frank M. Coward et ux.
Grace R., to Richard Schwertner et
ux Maria, $10.
DEEDS OF TRUST.
Sq 4070, lot 27?Charles H. CutU
to John W. Scott and Joseph W.
Balley to secure Robert L. Russell.
$600, one year 7% sa.
Sq 2991. lots 56 and 57?Ida Abra.
ham to George M Emmerich and
Hermann H. Bergman to secure
Wash. 6% Perm. B. A. $8,000.
Sq 623. lot 17?Arthur D. Bennett
et ux. Ida V.. and Thomaa E.
Bennett et ux, Sadl L.. to Arthur
Carr and Marvin A. Custls to secure
Perp. B. A. *1,000.
Oranby, part lot 11, asseased as
parcel 166-78?Lillian M. Powell to
Edward L. McAleer and Alan E.
Reeslde to secure Irvlnj G. and
Dorothy Quesda. $982.06. Monthly
Sq 4047, lots 15 and IS?Ann*
Dlllard to James B. Nicholson and
Lee Brown to secure May H. Lamson.
$48^.60. Monthly payment, 6?t.
Sq 277. lot D?Edward H. Braxton
et ux. Kettle, to Wash. I-oan
and Trust Co. to secure Equitable
Co-op. B. A. $400.
Sq 726, part original lot 10?Sarah
McKjllght to Wash Loan and Trust
Co, to secure Ruth E. Dodge and
Helen D. McVlcar *5.000, 3 years,
7% sa. *
Same to Earl M. Mackintosh and
James M. Burns, to secure E. Richard
Gasch $2,150, mo payments 7%.
Sq 3051. lot 148?Effle De. Gullck
to National Savings and Tru?t Co,
to secure American Security and
Trust Co *1,000. mo payments 7%.
Sq 3889, lot 78?Ralph T. Meuse to
B. Francis Saul and J. Wrlley Jacobs,
to aecure T. Earl Cox *3,750,
3 years, 7% sa.
Same to Wm. E- Shannon and
Thomas K. McHale, to secur. MidrS
ind ten years encompass
e of our Nation. In this
of American business has
of the really great epochs
idred and ten years this
d with the Nation's busiA
efficient organization has
us to offer Ranking fader
to American business.
an opportunity to be of
sspondence or a call.
of New York
j J f\- ' '
CH OF HIG
dauKh and Shannon Jno JJ.750.Q1,
Sq ISO. lot lit?Mala M Williams
to RaadaU H. Hagner and Alex a
Browne, to aacura Joseph J. and
Adolpb E. Moebs 120,000, JO and
?0 day*. ?%
9q 1914, lota 3 to 10?Maynard C.
Burrell et ax, Jeann.tt* V., to Lloyd
A. Dontclaa and Louis M. Denlt. to
aaaura Mary C. Burrell fit,000. 10
year*. I % >a.
Sq 101S, lot 127?Fred D. Voelker
et uz. T.ucy B to Chat. P. Stone and
Frederic K. Jobnaon, to aecura Lilly
C. 8tone $3,600. ma paymenta 7%.
Sq ill. 4 parte original lot 21?
Uwrtnce A. Furr et ujt, Minnie, to
Phelan C. Hawa *ml C. Ma.-lon
Rhodes. to aecure Arthur R,
Brandes*$l.o00 on each part 1 to 27
moa. 7% mat. "
Sq $13$. lot tl?Mary H. Fortier I
to Merrill Va^rhn and C. H. Stephenaon.
to aacure Wra. I. Dennlntr
et al 12,700, mo payments 7%.
Sq 2970, lot 55?Lillian H. Beach
to Wm? 8. Phillip* and James H '
Holmes, to secure Chaa. H. Stephenson
$2,641, mo payments S%.
Sq 1010, lot 64?Clara C. Deiterlng
to Ernest L Schmidt and Genrre M
Emmerich, to sectire American B A
Same to Mtlbum J. and James A.
Donoboe, to secure Mary A. Weldley
$500. mo payments 7%.
Sq 2556, lot 2?John W. GragK
et ux, Charlotte A., to Chas. p.
Stone and /. Benaon Thomas, to secure
Joseph B. Thomas $25,000 mo
Sq 2598. lot 22, Ingleslde?Marv
de J. Taylor to John A. Massle and
Frederick A. Holton. to secure
Brookland B A $3,000.
Sq 221. part ordinal lot 8. sq 36$.
part original lot 13?Samuel RappaPort
et ui, Jennie to Leo E. Simonton
and Samuel Freund, to secure
Helen Weiss $9,750. 1 and 2 yeara.
Sq 3015, lot 53?Alexander Munro
et UI, Myrtle v., to Clarence I. Gessford
and Walter G. Davis, to secure
George C. Pumphrey and!
Hoyd E. Davis, mo paymenta 7%.!
Sq 313, lot 13, sq 510, lot 104
Georee W. Young and Eugene J
Bernhard, to secure L. Cabell Williamson
and Walter P. Plumley.
admrs $1,870. 1 and 2 years. 6% sa.
Sq 1051, lot 73?Stanley G Kitchen
to Wayne Garman and J. H. Garman,
,o secure John D. Garman!
$807. mr. payments 6%. %
Sq 3015, lot 51?Alexander Mu/tro
et ux. Myrtle V.. to James F. Shea I
and George I. Borger, to secure I
Mary J. Breen $4,250. 3 years I
Sq 4290, lots 12 and 13-Rlrhard
Schwertner et ux. Maria, to chaptn I
Brown and Henry H. Beremann to!
secure Oriental R A No 6 Jnoo.
Sq 2617, lot 88?Sarah E. iieaaley I
to Jesse H. Hedges and Gregg C
"u?r?n"' secure Willard B. Follmer !
$5,000, 1, 2 and 3 years. 7%
Sq 14, lots 38 and 39?Ernest M :
Aiken to Thomas W. Stubblefleld
and Garfield A Street, to secure C.I
ft Hazard $16,000. 1 to 24 months.!
6% sa and mat.
T S?vn V' 'OU ' * ,nc5 '?Elizabeth I
I' ? ri*n to National Savings &
Trust Co to secure American Security
and Trust Co $2,250. Three
years 7 per cent sa.
Arthur O. Bishop and
Kred McKee to secure George M.
Beckett $1,250. Monthly paymenta
and 2 years 6 per cent ?a and mat.
Sq 2064, lot $2?Alfred H. Klrchhofer
et ux Emma M. to Ben T.
Webster and R. I>. Newman to secure
Harry K. Boss and H. Glenn
Phelps $5,500. Monthly payments
6 per cent.
Sq 163. lot 24 and part 23?Howard
M. Etchison et ux Clara K to
Herbert T. Shannon and Morton J.
Luchs to secure Linda Coburn
$47,500. Three years 7 per cent sa
Sq 1302, lots 16 to 20?Thomas R.
Riley to Samuel M. Thrift and Robert
E. Duvall to secure Franklin National
Bank $1,2.500. One year 7 per
Sq 1051, lot 29?Virginia D Fltz- J
hugh to Arthur Carr and Marlon A. !
Cuatia to secure Perp B. A. $1,500.
Sq 1748, lots 30 and 31?Harry K.
Boss and H. Glenn Phelps to Ben T.
Webster and James E. Schwab to
secure Ruth L. Newman $7,000 on
each lot. Three years 7 per cent sa
Sq 417, lot 35?Henry W. Minor
et ux Dorlnda to Arthur Carr and
Marion A. Curtis to secure Perp
B. A. $10,000.
Sq 2849, lot 45?George W. Tavlor
et ux Clara C. to Adolpfr Weli to
secure W. Oliver Murray $6,500.
Three years 7 per cent sa.
Same to R. Owen Bdmonston. jr., j
and Wm. A. Hill to secure A. 1^.
Qualntance $5,000. Monthly payments
6 per cent. ? *
Sq 2546, lot 28?Ralph E. Potter
et ux Mabelle K. to Walter R. Wilcox
and George F. Han to secure
Annie Reich $4,500, Three years 7
per cent sa.
Same to Waddy B. Wood and John
H. Wrlcrht to secure Virginia B.
Wood $2,000. Monthly payments 8
Sq 2546, lot 28?Orvllle C. Singer
to John H. Wright and Clarence L.
O'Donnell to secure Ralph E. Potter
$3,000. Monthly payments 5 per
Sq 4317, lot 19?James H. Kefcecker
to Schuyler S. Symons and
John L. Knopp to secure Northeast
a A, $2,600.
?.1"? J" S asw sad Mkr
? ? t. am .od l>m.
Ittan^mwtin trading, it isn't a get- |
"Cjjjujds scheme, but a sound, practical
Jgetbod of investing for permanent profit
Duta your money to work each mon th
coot'ISE!^^** *-* ?2
KRIEBEL & CO.
117 M I. Sail* SL. Cbkat*
Mmkss tssMsri j
Soothinq and He&linq
For Skin Disorders
of Dr. Lescaut
A VITAL CH
Difficulties and Advani
In Discarding a B?
' Of One Hur
(By The WmMH1"'
The new tariff bill proposes. *?
JiuuiiuriU a system of American
valuation on ImportV coming
the ad valorem schedule. The
has passed the Houie with ? r .
limited diacusaion of thla n?w "
ture. but the hearing! before tne
Senate committee have broug
importance of the change to P
attention. . . K nn
The matter la one upon whien no
less an authority than members 01
the United States Tariff Commlaaio*
are divided In their opinion! a? *
its merits. A special report in tn
form of a clrcula- of Information
concerning American Ta ?
prepared In March by the Tariff
rommlitlon. present* a number ot
ha?lc facts without miking definite
recommendation The commission
assumed thst the Ways and Means
Committee of the House had decided
In favor of American valuation
In order to avoid difficultiesi of
(1) undervaluation. (i> dlsturtied
foreign exchange, and (I) differences
of cost of production at home
In the hearings before the senate
Finance Committee it was developed
by the testimony of members
of the Tariff Commission that
the* chief argument In Its favor Is
that It may serve to avoid the
problem of the differences in exchange
between foreign countries
and their frequent fluctuations. On
the other hand, the chief objection
appeared to lie in the difficulties
of enforcement, since It is almost
an untried method of assessing
One member of the Tariff Commission
who favors the change, mentions
as reasons for the adoption of Ameri
can valuation the following: 1. Loss
of revenue at present through undervaluation.
2. Iyoas of protection Intended
by Congress. 3. The evident
Intent of foreign mannfacturers to deceive
our custom officers. Considerable
evidence has been introduced
bearing on all of these points as will
be shown later.
glnce 1789 various methods of assessing
ad valorem duties have been
tried at different times. The place of
importation : country of manufacture ; |
place of exportation; port of entry :.
and the markets of the country of.
exportation have at different time*
been taken as the place for fixing |
value The present system involves |
finding and reporting the actual mar-1
k?t value of the merchandise at the
time exported in the principal markets)
of the country whence It come*. Xjn-1
iler American valuation the attention j
of the appraiser would be shifted from
prires In foreign countries to the
American market, which would have
to be studied with the same thorough-1
ness as is now applied to the foreign!
market. ,t , '
The proportion of goods to which;
ad valorem duties apply are Indicated |
in the following table:
Relative Values of Imports.
1913 1520 :
Free ...\ 65.87% 61.08%;
Specific 23.20% 26.?2/ j
Ad Valorem 16.18% 12.06 * j
This shows that of the total imports
of 1920 only about 12 per cent
paid ad valorem rates. But the j
amounts of customs revenue derived i
from the different duties is a some- j
what different story, as Is shown by |
the following table:
Percentage of CuMem. R.T.nu.t
SpwUc...: ? ? *
Atl Va.orfB 3#.2U,4
Compound - 12.05*7. -.24* ,
It will be noted that, while the j
percentage of revenue derived from j
ad valorem duties has . decreased j
since 1913. It still amounts to over,
half of the total revenue to be col- i
lected- The Tariff Commission has I
stated that ad valorem Imports Involve
1.190 Items compared with 48J
under specific duty, and 58 under j
compound, but this does not represent
the relative number of articles ln,|
each class. It Is probable that the ad
valorem list covers more articles than
are contained In all of the other lists
Since this valuation applies to over
half of the duty income.' Its adoption
f JACKSON E
Merchants' Exchaaga. St Chlcaro- Baa
Board'*of Trade. K*a?> HtaaeaPo"'Osmmsrss.
Prod tic* Exohaaga. Duluth. Boat
j Board #f Trails. Datralt. ~
Board of Trade. Daleth. St-Jf"1*" *
Pradaoe Exchange, Talada ebaftge.
Chamber of Commerce Milwaukee.
Much used by elderly
people for constipation,
VTANY men and women, as
"1 they grow older, suffer
constantly from little ills. The
cause is the poisons produced
by chronic constipation, resulting
in headaches, depression,
bloating, sour stomach, bad
breath, etc. A single bottle of
Dr. Caldwell's Syrup Pepsin i
will prove to you that you can
so regulate yourself that elimi- 1
nation will occur promptly ]
every day. Increased doses
are not necessary. It is a com- '
bination of Egyptian Senna and !
other simple laxative herbs with
pepsin. The cost is only about
a cent a dose.
In spite of the fact that Dr. j
Caldwell's Syrup Pepsin has \
been on the market 30 years
yBy C. Kennett Burrow. C
The physician finds him- |J
self called on s' strange
case, but he accepts and T
7 it leads to happiness he I
had never known before. A i
1ANGE IN TARIFF
ages to Be Considered
uic Tariff System
i Herald EooMBlat)
will tend to increase the level of duties
unless Congress should proportionately
reduce the rates to be assessed.
This being the natural consequence
of figuring the duty on a
basis of the higher level of American
values as compared with foreign val
The argument is made that the
Inducements to lower prices by
American manufacturers would be
lessened, and that only domsstic
competition with our producers
would keep our prices down. Fear
of foreign competition would tend
to be lessened because of the corresponding
higher duty. The mere
changing of the valuation from for.
elgn to American would raise th*
amount of tarlfT to be paid if the
rate is unchanged.
The argument in favor of Its
adoption to equalise exchange differences
is that It would give ft
least a temporary rejnedy for the
differences in exchange between the
United States and different foreign
countries since the value of the
^oods would be determined by
orlces in this country rather than
a wide variety of prices In other
countries. Just how far-reaching
this effect would serve to stabilize
exchange between the countries Is
not knoWn, since we have never in
our history tried such a plan.
At the present time our customs
organisations consists of C.CS6 employes
scattered among 2*4 ports j
of entry and located in various
foreign countries. Out of the total
employes about 2S0 are engaged in
appraising and classifyingt Impor- .
tat ions. There are six foreign
agents engaged In studying prices
in foreign markets, which Is re- I
_*arded as a wholly inadequate
force. There are great difficulties
in securing facts concerning for- j
elgn values as emphasized by testimony
showing that the German
chambers of commerce have been
conslderlrc the problem of how to
avoid giving full information ~onrernlng
wholesale prices for exnort. 1
'While some authorities beliavej
there are great difficulties in se
curlnir the American equivalents t"!
pxoorted goods on which to estab '
llsh a price, this Is not mentioned ^
as the chief difficulty In making
The problem of adopting this ba
sis of valuation is chiefly in se- j
curing an adequate fund of infor- j
mation fbr the appraisers, to enable
them to begin on a new basis with- !
out a seriou* delay st the time of
making the change. Over $130,000000
worth of merchandise comes in '
by psrcels post, snd at present the
examiners depend largely upon the j
declarations whkh accompany the J
goods. Under the new system
these would b?. worthless, and some !
method of entablishing the Ameri-i
can value would have to be adopted, j
Opposition has come from Ameri- '
can business concerns who buy in }
foreign markets, since they claim j
they would have no basis upon
which to determine costs without I
knowing the basis of American
valuation. They claim they could not
determine the cost of imported merchandise
so as to sell goods in advance
of delivery, nnd that the
rates provided in the bill, when
.applied under American valuation,
would cause large increases which
the consumer must bear. Other
merchants and Importers favor the
change, so that the testimony from
this source is largely balanced.
Summarizing the testimony, the f
points in favor of the exchange ap- j
pear to be that it will avoid many j
of the difficulties which have here- !
tofore been seriously reducing the j
returns from duties. On the other
hand, it will brinp an entirely ne*
problem before our customs dutie |
organisation and perhaps involv
I some delay and enlargement In ou.
j staff of American appraisers. Since
the actual duty tha^ will result
from a certain rate in the ad va- I
| lorem list cannot be previously de- '
termlned. it will likely mean that
1 the tariff must be revised and ad- j
I justed at an earlier date than would |
be needed under the old system of j
;ROS & CO
r> Bldg.. Cklengo.
rt of Trade Nee- Yertu Prodaee ti
B* I timer*. Chamber ei
i of Tnfe. Commerce
Lta Exohanf. Ezehaac
(rebut. Ex Detroit Bo.nl .( Tr?4.
lvtw York. Stock U
Chamber et ehasge.
^^Chloaga, Bteek Esrhs^e.
I IN OLD AGE
?nd is today the largest gelling
liquid laxative in the world, the 4
formula haa never been improved
upon. It is safer and better
for you than salts, minerals,
calomel, coal tar and snch drastic
Half-Ounce Bottle Free
Va.Wo? IW,, 0L W+ZZil!,4.
Beat Wkea Take. With lm ?
CoomiMt TafcWt F?r??
Briafinf Amiii| Rciults
If you want to put oa good
solid fUah, If you waat to lat-reaae
your strength so that you
-an tackle hard work and em>??
!t. If you want to put good
healthy color ia your cheeks
md feel "fit" all the time?then
try Ironlaed Yeast. the great a*w
vita mine and Iron tonic.
.Thousands of run-down and
sickly men and women are now
taking Ironised Yeast, end the
results ia many caeee are nothing
short of aatonifchlng.
This Is because Irontsed Yegst
upplles run-down bodies with
he two elements which have
been found absolutely essential
o health and strength?vitanines
and iron. Most people'*
tystems. due to modern living
conditions, are sadly lacking in
these two substances, and that Is .
uhy so many thousands of men
*nd women grow old before their
time, and become thin. weak,
nervous and run-down.
If you are weak. pale, sickly?
if you are nervous, irritable, and
can't sleep nights?if your vitality
Is low and you are getting
old before your time?then
try this remarkable new tonic.
You will notice a good improvement
In your condition even
after the first few days' use.
Pimples, bolls, and other skin
blemishes usually disappear entirely
within two weeka EverywUere
people are saying that
Jronized Yeast is Just the tonic I
Ironised Yeast will keep In- j
definitely and costs no more
per dose than common yeast.
Kach package contains 10 days' I
treatment and cost only 11.00?
or just 10c a day. Special directions
for children in each
package. Sold at all druggists
Made by the Ironised Yeast Company,
Atlanta, Ga. |
Kor sale by the Peoples Drua
Stores and by good druggists j
ucmy cmantmno vftamim tonic
GRAY HAIR DARK
|.Mik Ysssg! * ? *> p?? tell If
?om air Grs?dM?tkfr*? *! pie
rerlpe # Jtaa* Tea
Almost everyone knows that
Sage Tea and Sulphur, properly
compounded, brings back the
natural color and lustre to the
hair when faded, streaked or j
gray. Years ag othe only way to J
get this mixture was to make It
at home, which is mmasy and
troublesome. Nowadays, by asking
at any drug store for
"Wyeth s ? ge and Sulphur Com- j
pound " v??u will get a large bottle
of this famous old recipe, improved
by the addition of other
ingredients, at a small cost
Pon't stay gray! Try it! No
one can possibly tell that you ;
darkened your hair, as it doe*
it so naturally and evenly. You
dampen a sponge or soft brush
with It and dram- this through
your hair, taking one small 1
strand at a time: by morning the
gray hair disappears, and after
another application or two. your
hair becomes beautifully dark,
glossy and attractive.
Wyeth's Sage and Sulphur
Compound is a delightful toilet
requisite for those who desire
dark hair and a youthful appearance.
It is not intended for the
cure, mitigation or prevention of
For Thick Heavy Hair
Txeatmikt: Touch spots of dandruff
and itching with Quticora Ointment an
the end of the finger. Next momin*
shampoo with Cuticura Soap and hot
water. Rinae with tepid water. When
you have made yonr scalp akin dean,
sweet and healthy then will your ban
become soft and thick.
If Your Friends
Are Eating Yeast
tkxt Will BE ox-ad to kjftrw
that they cii orr ttkt tablets
at dsdo stoic
EAST TO TAKE?IXSTTLTS
ftuick?bettlr 70s too
Km maaj people >r* eating reaat. apia
acb. oraage=. Me., and drinking gtarta
of ml k Park day la aearrk oI \ itamiaea
thai -U* eb.roi.li haft prrfirW a timy
tablet roctalulag a proper Horn, of but a
water a ad (at aulaMe Vltamlae. U high1?
cooceatrated form The tablet, an
more e<-<woailral. Iea< botbar. eaaler to
take and agree with the atomack batter.
The rea.ua pea*., waat Tltamlaea la
Iwranae Tit.mine, bring bk*. . Irene th
weight. color freeO-.m from botk. ear
baactea. pimple. el. Doctor, aaj Boat
of na need more Tltamlaea t ha a w, get
la , regular seal, a ad |t la ataapl;
aaaaaiag what tbeae Mna-rbo Tltamtae
tablet, will do for a perann la three or
r week.' time *The tab eta are mada
la Aaaarlea'a greataat u bora tor. Tom
of reaat are aaed Tber get TluaaUaa
alao from bulla of rice, a ad mix the raaeeatrated
elemeau together tato a pr.*>
? 4oae? add Gl.cero-pmpkate ete . a ad
)-a? get la a ttar tablet a actentlSrallr
rompouaded tablet that d<w> ?mutter
a ad moat saaaaal thing, far mea and
women who are weak. thla. pale, aader
Loral drngglau rai ?i thla new
powerful war t, take Vltamlaea. a ad
Ton eaa get a bottle at elatj rneerbc
^Hl tabAeta at the oaareat reopU a
Dn* at?ra lead ?l. pi.. us )a4e.
f aainS lf? ' - - - -
^1*11 wiMfc IM. w^w. a. i?t
PioJb. frsto Bpila OHinitttaMl MttM.
K?hM fmmi JIIH7 V at t? M M
ENGUSH AND MATHEMATICS
<? '?? far twrtr# liwi ffpartol atcnttoa
gives to poplla *W itiaM
: mi a . o. v. ooodwix. mi om.w
W rUM t-10 p. m ruin
rift nwlfBU toelted to at trad tortarea
Catalog mailed as mwit AMr*n
Ri?y School af Chiropractic
111* f IL HutlwHi. u. c.
Sidwell's Friends School
mil Kre H N. w.
Far Boyi a?l Girb
Tnoa. w. anrwrix. a rfi?ci??i
THE MISSES EASTMAN S
1m ITT*. COBBtl MAM ATE.
Higfc MmI Dept Iw Opea
Intermediate and Primary ruueeu
but far Oitalar Pkm* Fiuk UM
Fall Quarter No* Opea
ISO KeealM Sikjeru
Call Mala Ml fwr < at aloe
30 Jarkaos Place
Pacing Lafayette Square and
Rfflatrr Tkla Week.
THE RATIONAL IRMfEKITY
(Incorporated by Hpe?ia1 Art of
Fift.' third Teat
C1aa*e* <1:10 to S Each Evening Stand
ard courae leading to the d?fr?*- of
IX B : IX M and A P L aad qua! '-tag
for admi?*l >a to examination to ti.e Bar
Student* by letea*toe atndy mar row
p'ete the mailmun work offered In
Par ?-atalogne ?r other Information.
; apply National T"alver*lty Law Build lac
! SI* ISth Street N.W. Telephooe Main
?W17 and franklin
Ce-eduoet>eaal?SMI Stedaata Laat Tear
Accountancy School Drafting School
Law (Bar Court* j Automotive School
Commercial School Employed Boy*
Preparatory School Boy* Day School
Oall or Addresa. 1736 0 nw Main 6SM)
K. of C.
1004 F St. and 1311 Matt. Are.
Registration open for entrance
in Elementary. High School. College
and Commercial Departments. Tuition
free to sx-servica men and
311 EAST CAPrrOL ST.
AH Couierciai BRANCHES
One month, day. lit. evening
$% After 7 monthly payments
the next 5 months are free A
year s scholarship costs IS.SI s
month, day session, or 14 17 s
month, evening session Evening
sessions are Monday and Ttaursdav
from 6:30 to t:30.
LINCOLN 38 37th YEAR
Lucia Galt-Barber School
Da. ud BMrrflac All
*?rt?-n to H?t School. Bhjtl.mlc He.ill
Special?Mo*ir Literature. Preach. Span
f?fc. Handwork?Normal cla*ee* Day aud
Evening claa*e? in Rhythmic Training.
Mary Gale Da* la. P D. M. Pria Florae ?
Peataa. A*el?tant, 1S14-1S Bekauat Bona
Phone Col. UTS.
FINE AND APPLIED ART
FKL1X MAUUNY. Direct of
Rcw Iccited at Cota. Aft. ?t N.
Phono Mala 17W.
Day aad Eeeslac Claeaen
C'blldrea*a latarday (Taae
Uteris Decora tla*. Coatame Design Tel
tile Desiga. Color. Commercial Dra?B|
Life. Sketch Painting sad Modeling Cieeaea.
Roar* *?>r Regiatratloe. 11 to I ? " '
dally. Scboel sow opea.
A course treating la a practical
1 way. tl?a diaicult ana tniereattnc
: accounting problema of th?
1 era lirc^jcilo busincc* onrar'.ii|
tlon?part of the profesalonal ein1
catlonal program of
school of commerce
I. Edwio C. Bonrortk. Prenatal
1009-11 lnternaboaal BoOding
131S-21 F St-N.W. PbearM.S668
Kidney and Bladder
or Money Back
Pot 40 yeara. aaid Dr Care* I ha?e
I been praecriblag Marahmot f?*r
ikI bladder ?lrkaeea and now rbat
I hare retired fro*. active pra? tire I h??*
made arrangement. with lending drug
gists to dinpeane thi? wonderf .1 presrtlp-B
I tloa at a moderate price, on the m>ne*B
i bark If dtoaat1?ped p'sa
\ Beware of kidney dtoeaee ihwifn|
1 die of It erery year a*h'? ongt t to be|
mjaylag the bteaainga of life and bca'th
I Watch the symptom* If J?a
! k|tecka floating before the erc?. p?ffT
e>ea. clammy feet ?r moi?t palm*, barkj
ache or atSeacbe. y*?a ooght t? g't s b^t
! tie of Dr Carer a Marahmot rtoM
It haa woaderfullr beoeflted tcna
thOttMBda of caaea of kMoer an<1 blad
| der trouble* aad la the medictn.
ran always depead upon BsaaNs are
KOTB-Dr Daatel G Cster area a
I practiciag physician for many yeara and
hia great Pre^crlpttoa. Mar?hr>"< sided
Uaaaaaads af wfcim from kMne< and
bladder teoublea. Hereafter yon - ,"
waya get thla effective pesarrlpt i*a is
bath bqald aad tablet farm at People*"
Drag Store* sad sll reliable pkarmarista
the country over Keep la miad tba
Mas. Dr. Caraya Mai Ma oat peoarrtp
ttoa Bo TTT *o other wiiitoa caa
take Its pise Adv.