New-York tribune. [volume], July 14, 1920, Page 5, Image 5

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

                
Hoover Urges
U. S. Credit for
Foreign Buyer
America Faces Glut of Prod?
ucts While Europe Is
Starving. He Says, if
Problem Is Not Solved
Treaty Ratification Vital
Peace Situation Makes
Bankers Reluctant to
(iive Credit, He Declares
CHICAGO, Dec. 21.?Necessity for
fstAblishinc credits? in this country for
foreign buyers, it" the world is to re?
turn to normal speedily, is emphasized
by Herbert C. Hoover, formerly Food
Administrator, writing in "Farm and
Home" for January.
Reviewini: world economics from
1917 to 1921, inclusive, Mr. Hoover
pointed out that the farmer here and
in other countries has maintained pro?
duction, while manufacturing, mining
and transportation have slackened enor?
mously since the armistice, in his re?
view the man who virtually rationed
the world through the war emphasized
that:
"The world situation is such that all
our foodstuffs will again be needed if
the world is to be carried over without
starvation. In the great American ex?
port ."tapies of grain, me.it and dairy
products there is a sufficiency to pet
?he world through, but only on a nar?
row margin.
"Europe's harvests this year were 80
per cent ctf the pre-war normal and
will not recover for some time. Rus?
sia may not be again exporting food?
stuffs for some years.
Surplus Largely Absorbed
Reduced producing capacity of ani
iis, in Europe, duo to underfeeding,
more serious than their lessened
number.
"Surplus foodstuffs in the Southern
pmisphere were largely absorbed in
? e last year and will he fully absorbed
rrring the present harvest year.
"There will be no considerable carry
.?r of food supplies anywhere in the
aria on August 1. 1920. The world
ill start fresh again next August with,
ly its then production io cover the
earfollowii
"The only remdey," he says, "is the
establishment of credits in th.-* United
States for foreign buyers and seeing
??rat fair prices to our producers are
aid under these credits. Upon credits
revolves the sale of the American farm?
ers' surplus. Credits cannot be estab
?shed until we have peace.
"With the uncertainties of ratifica?
tion of the treaty and the political
iiaos that might follow from failure
? secure its ratification, the American
(?anker and investor has not felt juSti
? i in subscribing to European plans
ing credit to European countries.
Glut Possible at Home
"The consequence is unless wc can
olve this problem we shall have a glut
of our export staples at home, and at
?he same time Europe will be starving?.
If wo do solve tho credit problem those I
credits should be based on prices being '
made that will be fair to the farmer,
"On the other band, following prompt
readjustment to peace, tho world wil'.
be more largely dependent for food on
the Western Hemisphere for some
? years than was tho case before the
( war."
*H the present period Mr. Hoover
writes:
"We are going through n reconstruc?
tion period of great difficulty. We
have greatly inflated our internal cred?
its or currency, with all its consequen?
tial stimulus to speculation through
easy money.
'. "We llave wild extravagance on the
part of those sections o( the commu?
nity that have had larger incomes than
1 they can intelligently spend. We are
? faced with great disruptions in the
course of the world's commerce.
; "All these troubles are to be expect?
ed out of a great world war. They
could be mitigated a great deal if we ,
could apply our national energies to
their solution instead of holding a talk- I
| fest over industrialism and instead
of jockeying for political position. ,
Whether we will concentrate, our minds
and energies on these problems 1 do ?
not know, but certainly I see little in- ;
dication of it hereabouts."
New Army Bill
Drawn to Train
All Boys in U. S.
Continued from pnife 1
; of the army that has been tentatively I
agreed upon by the Military Affairs
! Committee of the House. The General
Staff recommended an army of 575,000
' officers nnd men.
The bill will be reported from com
j mittee immediately after Congress ro
; convenes on January 5. A summary j
j of the measure was made public to-day j
' by Representative Anthony, of Kansas, |
a Republican member of the commit- i
tee. Mr. Anthony said:
"The army reorganization bill, as
; now being considered by the sub-com
? mittee of the Military Affairs Commit
i tee of the House, is drawn along the
: following lines:
"It will provide a force of between
17.000 and 18,000 officers and not to
exceed 300,000 enlisted men, including
the unassigned recruits, Philippine
Scouts and the Porto Pican regiment
of ?nfantry.
"It will include a single list for pro
! motions.
Commission System Outlined
"In the ordnance department, tire
signal corps, quartermaster corps,
judge advocate general's department,
and in the air service officers will
be commission?, d permanently above
grade of captain. Officers for these
? services below the grade of major will
be obtained by detail, and the detail
system will continue for the adjutant
general's department and the inspector
general's department.
"An effective elimination system will
be provided. A board of five general
officers will meet annually and examine
the records of all officers of the army
and determine those that, should be
. eliminated.
"The grade of warrant officer will
be created, and warrant officers will be
r ssigncd to all brandies of the army.
Field clerks will be eliminated.
"The details of organization will not
i be rigidly prescribed in the law as
heretofore. For example, the infantry
section will provide for a chief of in?
fantry with the rank of major general,
! one assistant with the rank of briga
1 dier general, who shall also be chief
' of the tank corps, 3,500 officers in the
-f -t(tf j.,...,,.?.....",",*"< f'"nr??,'rri"("'""i-+ <Y(('<t (((((??{?(ftt{/((f(ft<Yfl-(//(?{4'?('???t
Buy This
Christmas Gift
A Box. of
Holeproof Hosiery
Doubly welcome and thrice appreciated
?s a box of Holeproof Ilosiery.
From a standpoint of usefulness and line
appearance no other gift could be more
acceptable to a man, woman or child.
For Men?$.3 to $7.SO the Half Dozen
For Women?$3.60 to $18 the Half Dozen
For Children?$3.30 & $3.90 the Half Dozen
ffku&t ?QxjvCfa&i*
t?? Broadway 1019 liroadnraj 44 Ka?t Hth fttroet
~ 1 I SrolMlvrivy
tbu?h A??, Brooklyn
(?I? l>ron(inii> ?v?o jjrvnuniv ^^ mo?? i-**m pi??i
47 t'ortl*ndt Mrpri UH nroa?wny iir.ih Street M 8?d At*.
? ?ail
FOR THE FIRST TIME IN OUR HISTORY
Brill Stores are not open evenings before Christmas,.
Brill customers will, we feel assured, find it con?
venient to do their shopping during our regular busi?
ness hours, 8:30 A. M. to 6 P. M.
I_
UlE?
Gift Suggestions for Men front a Man s Shop
|| SWISS SILK MUFFLERS
$16-50 to $18.00
Angora and Wool
Motor Scarfs
$2.00 to $6.50
Cashmere and Polka Dotted Mufflers
$2.00 and $2.25
Fur Lined Cashmere Half Hose B""USh Wool
$10 His $100 to $3.50 W|?2C5?oat8
Gift Certificates Permit Personal Selection
?il 42ND STREET AT MADISON AVENUE
Tiffany & Co.
?Fifth Avenue &- 37"^ Street
Diamond Wrist Watches and
Pendant Watches
Cades from colonel to second lieu- j
tenant, inclusive, and 100.000 enlisted,
men organized into such infantry, ma?
chine gun and tank units as the Presi?
dent may prescribe.
"The bill will provide for a chief of
each branch of the service, including
the infantry, cavalry and Held artillery.
"The general staff wjll be divided
into a War Department general staff
and the general staff with troops.
"The restriction of the national de?
fense act against the general staff per?
forming duties of an administrative
nature that have heretofore pertained
to the War Department bureaus will
be re?nacted.
"The National Guard will be left
practically as now authorized by the
national defense act. The detail of
National Guard officers for duty with
the regular army will bo provided for
and the chief of the militia bureau will
be a National Guard officer.
"The Officers' Reserve Corps will be
retained virtually as now authorized
by law."
-?
"Flving Parson" Goes
?v O
Back to Pulpit Soon
Lieutenant Maynard Takes Ad
viee Received Anonymously
From "Old Man of 80"
Lieutenant Belvin W. Maynard
"Flying Parson," winner of the trans
I continental air race, will give up fly?
ing in January and again take charg
; of tho little North Carolina church
which he left to enter the Air Servie
I nearly three years ago.
"1 am going to take the advice I re
ceived in an anonymous letter th
other day and go back to my preach
ing," said Lieutenant Maynard in a
address yesterday afternoon at th
West Side Y. M. C. A.
"It said in substance," he continue?
" '1 aru an old man of eighty. When
. was young, a man who was then as ol
as I am to-day told me not to mak
| a fool of myself. I now pass that a<
vice on to you. Go back to your pulp
and give up your flying and newspapc
fame.' "
This letter had pleased his wife vei
much. Lieutenant Maynard added, a
it backed up the things which she hs
been saying to him.
'Tiger'Reported Si ill in Rare
Clemenceau Not Hinderin?; the
Work in flrhalf of Presidency
PARIS, Dee. 21.? The ??lection of Paul
Deschanel to the presidency of the
Chamber of Deputies is considered as
weakening his chances for the Presi?
dency of France.
Gossip in th?' Chamber this afternoon
was that Premier Clemenceau, despite
numerous utterances to the contrary,
was a candidate for the Presidency
and that he was not hindering his
friends from working in his behalf.
It also was said that Louis Loucheur,
present Minister of Reconstruction,
would be the next Premier.
Rome Chamber
Votes Support
Of Government!
<'<>ntlnu?"d from paie? 1
Italians In Dalmatiu and the safety of
the Adriatic."
After Signor Scialoia's address Dep?
uty Salvonini strongly condemned tho
foreign policy of the government. He
declared that it was Italy's absolute
duty to exact the total disarmament of
the Slav coast of the Adriatic. It was
not important to have an inch more or
an inch less in the Adriatic.
Deputy Modigliani said that the
memorandum delivered by Premiers
Clemenceau and Lloyd George to Sig?
nor Scialoia was an unmistakable in?
timation to him on the part of the Al?
lies to yield on the Adriatic question.
He concluded by voicing accusations
j against the King, which provoked an
i indignant, denial from Premier Nitti
and protests from the entire chamber
I with the exception of the ?Socialists.
All-the ?Socialists cried "Long live the
republic!" while the remainder of the
: chamber shouted "Long live the Kinpr!"
amid frantic applause, in which the
! spectators joined.
Premier Counsels Peace
Premier Nitti deplored what had oc
? curred. Turning to the Socialists, he
said:
"Violence is not useful either for you
or for us. But if recourse were had
? to violence. I do not know which would
lose most. The greatest loser cer
! tainly would be civilization.
"We firmly believe that our present
Grande Maison de Blanc
Holiday Gifts
AT PRICES NO HIGHER
THAN ELSEWHERE
H. S. Damask Tea Napkins from $7.50
Auto Robes " 45.00
Hand-quilted Silk Comfortables " 42.00
Damask Cloths and Napkins " 40.00
Lace Bed Spreads " 95.00
Banquet Cloths " 285.00
FIFTH AVENUE, 44th and 45th Streets
Superior style and service has been ?(tutted into
"AHTAB" SILK HOSIERY
sponsored by discriminating
women and obtainable in
New York only at 33est & Co,
"Ahtab" Richelieu - ribbed heavy all - silk
hose. Tax 10c 3.00
"Ahtab" clock stockings, black, heavy silk
with hand - embroidered clocks in black or
white. Tax ?5c 3.50
"Ahtab" openwork clocks on fine all - silk
hose. Tax 28c 4.75
"Ahtab" lace - front hose, pure all - silk stock?
ings. Tax 33c 5.25
"Ahtab" two-tone silk hose, black and white
or cordovan and white, with hand - embroid?
ered clocks to match. Tax 40c 6.00
"Ahtab" all-silk hose, with openwork, Pviche
lieu - ribbed front. Tax 45c 6.50
Fifth Avenue at 35th Street
Established 1879
"-?? ^~""175You Never Pay More At Best's'
r?gime has great force of resistance.
I am certain that we will end by ab?
sorbing you. We thoroughly hn|inVe
in our economic and political institu?
tions.'"
A Socialist interrupted."If America
permits it.''
Nitti continued: "Meanwhile I send
loyal greetings to tho King."
Committee of Forty-eight
Condemns All Newspapers j
The Committee of Forty-eight met
yesterday afternoon at the Park Ave?
nue Hotel. Reports of the d?cisions |
reached at the St. Louis convention
were received; the platform of the new
party was discussed; newspapers were,
assailed as "rotten from the core out," ?
and pledges amounting to about $800 a
month were obtained from the "00 men :
and women present.
Allan McCurdy presided. The speak?
ers were George L. Record, J. A. TI.
Hopkins, Amos Pinchot, Alfred Hays
and Swinbiurne Hale.
Large Audience Hears
RacliiiiaiiitioflPs Recital j
"Concert of Music for the ?
Piano" Pleases Throng at
Carnegie Hall
, When Sergei Rachmaninoff gives a
piano recital the occasion is invariably
announced as a "concert of music for
the piano." This in an apt. designation,
for the impression that his perform?
ance leaves is that of music eloquently
interpreted, rather than one of music
used as tho medium for the display of
:.,,..' , ., virtuosity. This fact was
again apparent yesterday afternoon.
the distinguished Russian played
to another large audience at Carnegie
Hall.
Mr. Rachmaninoff is a fascinating
pianist. He is profoundly impressive,
with the least possible ostentation. His
substantial technic serves chiefly for
purposes of interpretation. Mis some?
what negative personality speaks solely
through the music. He ?s without plat
form mannerisms an?l ?diosyncracies.
His playing gives pure joy because it
combines mentality with controlled
emotion and concentrated intensity.
The program yesterday included an
etude by Paganini, arranged for th??
piano by Schumann, Chopin's Sonata in
B minor. Op. 68; four etudes by the
same composer, and oth'-r etude? by
Rubinstein, Rachmaninoff. Senabine
and Liszt. The composer-pianist was
generous with encores, including among
them the famous Prelude.
(?ape Town Union Acts
To Block Food.Exports
CAPE TOWX, South Africa, Dec. 21.
The executive committee of the Fed?
eration of Trades to-day made effective
its recent dec .-ion to call on all affil?
iated unions to refuse to handle food?
stuffs for exportation from South
Africa. This action came as a result
of information received that a Jarg?
quantity of jams an?! fruits was being
shipped aboard a steamer. Work
throughout the docks was brought to
a standstill.
STORE HOURS: 9:00 A.M. to 5:30P.M.
?y?t Saks Beginning Today?
A Remarkable Three-Day
Sale of
Women's Fashionable Boots
At a ?saving of fully $3.00 a pan
$9.45 A Pair
*iThc smartest, most beautifully proportioned boots shown in our
regular stock, made according to our regular standard of w *rk
manship-- the highest ! There is a great scarcity of fine footwear'
and we see no possibility of this offering being duplicated. Lace
and button styles, developed in
Good Quality Black Kid
skin and Russia Calfskin.
Sizes 2 to 8. Widths AAA lo C, but not in every style.
Have Just Received from China a Most
Interesting Collection of
riental Beaded Bags
and will piare them on sale to-day
At $12.50
Truly the different gift?and one that carries with it a degree
of charm that will be fully appreciated by the woman of fashion.
The bead work of each bag is very skilfully done, and the pat?
terns 'of the various models take their inspiration from those
glorious color combinations typical of rare old Chinese rugs
and tapestries.