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Evening star. [volume] (Washington, D.C.) 1854-1972, March 02, 1938, Image 7

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn83045462/1938-03-02/ed-1/seq-7/

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PAYMENTS 10 U.S.
SEEN IN JEOPARDY
Brookings Report Declares
America Must Buy
More Abroad.
The question of whether foreign
payments on loans and investments
heid in the United States can continue
indefinitely on the present scale unless
more foreign goods and services are
purchased here is raised in the repojt
of a study made public yesterday by
the Brookings Institution. Such pay
ments in 1936 were about 58 per cent
of the 1929 figure, if war debts are ex
cluded, and about 48 per cent if war
debts are counted in.
Loans and direct investments abroad j
held by American investors (war debts
excluded) amount to about $13,000,
(100.000, having declined from approxi
mately $17,000,000,000 in 1929. This
is a sharp reversal of the upward trend
that had been in evidence since 1908,!
when American investments abroad
were beginning to increase at a faster
rate than foreign investments in the
United States.
Foreigners have obtained a consid
erable part of the dollar exchange
utilized for such payments since 1934
by selling to the United States large
quantities of gold and silver. How- j
ever, this means of payment cannot be 1
a permanent factor in the situation,
the report says. From 1931 through
1933 dollar exchange was made avail
able by American purchases of foreign
securities and by the flight from the
dollar when the banking situation here
was deteriorating. During the 20s,
payments were made in large part
from the proceeds of new foreign loans
floated in the United States.
The study, which deals compre
hensively with America's stake in for
eign investments, was made by Cleona
Lewis, assisted by Karl T. Schlotter
beck. It traces the course of the Na
tion, first as debtor and then as lender,
from its earliest days to the present,
showing how changes in the Nation's
status were related to major economic '
developments in the United States, i
such as the growth of the railroads
and the rise of industrialism. The
experiences of various European cred
itor nations are discussed and their
bearing on the existing creditor posi
tion of the United States is outlined.
-•
CONVENTION TO STUDY
AERONAUTICS PROBLEMS
Three Groups to Unite in Sessions
Here March 10-11—U. S.
Officials to Speak.
Transoceanic air transportation, de
velopments in instrument flying and '
landing and problems of aircraft, en
gine and propeller design and con
struction will be considered at a na
tional aeronautic meeting sponsored
by the Society of Automotive Engi
neers, Aeronautical Chamber of Com
merce and Air Transport Association
of America at the Mayflower Hotel
March 10-11.
The conference will open at 10 a m.
Thursday, March 10, with a session
devoted to engine and carburetor icing
problems and a simultaneous session j
devoted to aircraft and instruments. !
Speakers will include Capt. Carl J.
Crane. Army Air Corps; I. R. Met
calf. Bureau of Air Commerce, and
Paul Kuhn, National Advisory Com
mittee for Aeronautics.
A symposium on propeller prob
lems. including substratosphere flying
and large power plants, will be held
that afternoon. Sessions on the sec
ond day will be given over to devel
opment of small airplanes of private
owner types and to ocean flying. The
conference will close with inspection
trips to the Glenn L. Martin Air
craft Co. plant in Baltimore and the
Washington Navy Yard and with a
banquet the evening of March 11.
The banquet speaker will be Juan T.
Trippe, president of Pan American
Airways, whose subject will be "Amer
ica's Position in World Air Com
tnei'ce.”
CITY NEWS IN BRIEF.
TODAY.
Banquet. Order of Ahepa, Mayflower
Hotel, 7 p.m.
Meeting, Catholic Thought Associa
tion. Willard Hotel, 7:30 p.m.
Bridge. Washington Bridge League.
Bhoreham Hotel, 8 p.m.
Meeting, Washington Society of En
gineers, Cosmos Club, 8:15 p.m.
Dance and card party. Temple
Chapter No. 13. O. E. S., Wardman
Park Hotel, 9 p.m.
TOMORROW.
Luncheon, Beta Theta Phi, Olm
•tead's Grill, 12:30 p.m.
Luncheon, Cosmopolitan Club, Carl
ton Hotel, 12:30 p.m.
Luncheon, Catholic University
Alumni, Raleigh Hotel. 12:30 p.m.
Luncheon. Kiwanis Club, Mayflower
Hotel, 12:30 p.m.
Dinner, Reciprocity Club, Mayflower
Hotel, 6:30 p.m.
Dinner. Thirteen Club, Willard Ho
tel. 6:30 p.m.
Banquet, Department of Labor,
Mayflower Hotel, 7 p.m.
Dinner, American Institute of Ar
chitects, Mayflower Hotel, 7:30 p.m.
Meeting, Free Lance Writers, Shore
ham Hotel, 8 p.m.
Meeting, Holy Name Auxiliary.
Knights of St. John, K. C. Hall, Tenth
and K streets N.W.. 8 p.m.
Dinner dance, Oklahoma State So
ciety, Wardman Park Hotel. 8 p.m.
Dance, Metropolitan Police Pistol
Club. Raleigh Hotel, 9 p.m.
EDUCATIONAL.
EDEMrU Class Limited
rl*EI'l\*H to 8 Students
Rtartinr Tuesday and Friday at 6 P.M.
THE BERLITZ SCHOOL OF LANGUAGES
Ills Conn. Ave._NAt. 0770
PEED WRIT IN
The Natural Shorthand,
No Guessing Plain as ABC.
Learn it In 8-16 Weeks at
CAPITAL CITT COLLEGE. 817 13th St. »
• na y|#|i Class Limited
drANI3n to 8 Students
Slartinr Wed. and Fri. at 7 and 8 P.M.
THE BERLITZ SCHOOL OF LANGUAGES
lllS Conn, Are. NAt. 0770
NATIONAL UNIVERSITY
SCHOOLS OF LAW AND
OF ECONOMICS AND
GOVERNMENT
~ Spring Term Begins Mareh 14. 1938.
Summer Term Begins June 19, 1938.
Registrar’s Office
818 13th St. N.W.
Phone NAt. ««17.
Open tor registration 9 a.m. to 7 p.m.
EDEMrU Class Limited
"HBPlWn to 8 Students
SUrtini Weaneaday and Friday at 8 f *
THE BERLITZ SCHOOL OF LANGUAGES
1118 Conn. At*. NAt. 0370
V LUXURY AT A BUDGET PRICE
IN THE SEASON'S FAVORITE FUR
Silver Fox-Tail

CAPES
$1295
Every woman longs for silver
fox—because it's the most
flattering fur of the y^ar— ,
and because it's the most
glamorous of all accessories
for dresses, suits and untrim
med coats! Now we bring
you rich silver fox-tail capes
at a low price that makes
them thrifty for nearly every
woman. Deeply furred tails,
manipulated in the swirling
shoulder cape that fairly
gleams with lavish silver! The k
perfect accent to your A
costume—to make you look Mb
like a million dollars'
(Third Floor, Fur Shop.)
A 4-WAY ENSEMBLE
FOR JUNIORS
That Makes Your Wardrobe Grow by Leaps and Bounds
$1095
The dress that juniors love—
because it's tailored in junior
styles, and because it does
very special tricks to increase
junior wardrobes! An ador
able 2-piece dress in solid
color pastel or polka dot
rayon crepe—it has a grand
blouse to wear over, or tucked
into the skirt. A rayon-and
wool skirt to match the long
sleeved bolero jacket. Think
of it—it gives you four en
tirely different costumes for
just $10.95! No wonder the
4-way ensemble has won its
way into Young Washingto
nian hearts! Navy with
pastel shades or dots spiked
with contrasting buttons and
stitched detail, in sizes 11 to
17.
1. Plain rotor
akirt and
bolero worn
with the nrtnt
blottae.
3. T T I n t
blouse *0.™
with * 11» * *
color skirt.
4. Print blansc
and skirt with
Jilain h • 1 e r o
acket.
y
2. P r 1 • t
bl«UM III1
with it*
■ tieblii
■kirt.
Use Our Great Parking
Building—Right at the
Rear of the Store. Rates
—1 Oc for the First Hour,
50c for Every Half Hour
or Fraction Thereafter.
We Invite You to Open o
Hecht Co. Chorga Plate
Accbunt and Get the
Added Advantages of
- This Exclusive Hecht
Co. Service.
a j
/
It's a Signal Success! The Event That Has Everything!
Annual Pre-Easter Sale!
Spring Coats & Suits
825 Nubby wool
casual coat with
flying squirrel
tear-drop collar.
Misses' sizes.
825 Dressmaker
suit with tuxedo
ol galyac. Misses’
sizes.
• Ores* coots—richly trimmed with fur! Fur
sleeves! Fur tuxedos! Fur cuffs! Fur collars
(including the lovely "tear drop.''
• Cosual eoats—with boxy lines ond collars of fur!
• Untrimmed dress eoats—for women, with tucked
detail, with trapunta trim, with satin or gros
grain!
3-piece wardrobe suits—untrimmed or with wolf
collars!
Boxy suits—with fur tuxedos ond fur cellars!
The three-piece suit—with the cape!
The full length reefer—with matching skirt!
Untrimmed boxy suits—for women ond little
women!
Suits—with three-quarter length boxy jackets!
Every important fashion type you've seen in
your Vogue and Harper's Bazaar is included!
And the fabrics read like the Social Register—
Walther's Jacquard wool, Fortsmann's mezzo
tones, Stevens nubbed wools, Shetland tweeds,
wool and cotton nubbed fabrics, and these lovely
colors—navy, black, nu-beige, crushed straw
berry, corsair blue, wheatstalk and hyacinth
blue. Sizes for misses, 12 to 20, for women,
38 to 44 ond for little women, 35 Vi to 43 Vi.
V
r~4 WAYS TO BUY—
I Use the Lay-By Plan. Make a $5 de
• pasit end pay the balance in inter
mediate payments. i
2 Use your Charga Plate Account—billed
' April 1. I
0 Buy on our Deferred Payment plan—6
“* months to pay, plus a small carrying
1 charge.
^ Poy cosh if convenient.
(Third Floor. Better Ooet Shop. Hie Heeht Co )
\ ll> -
★ Featured In Your March 1 Harper's Bazaar!
Ashes of Violet Dresses
By CAROLYN
Of Shadow Sheer Du Pont Rayon
$2295
Glorious is the fabric! Delicious is the color!
And utterly stunning are the styles in Caro
lyn ashes of violet dresses! Afternoon styles
that feature the very newest and most exict
ing trends in jacket, bolero and one-piece
dress fashions! jj
Shadow sheer is a brand-new rayon fabric }
with an interesting surface — it drapes
beautifully! Dresses that make a triumph
out of every daytime occasion—dresses that
make you look as lovely as you'd like to
look! And all with clever little touches to
make them definitely spring, 1938! That
fresh-out-of-the-bandbox color favorite,
ashes of violet as well as such delectable
shades as aqua, picardy rose, vagabond •
blue and aquatone! Sizes 12 to 20.
Other Carolyn Ashes of j ,
Violet Dresses-$19.95 1 1
(Better Dress Shop. The Heeht Co.) I 3
One-piece drees with I ■
shirred tncks on the IE
slightly flared skirt. ■ M
A short-sleeved bolere ■ a
with applisus shir- ■ »
Tint_$33.95 | f
OUR FAMOUS
In Good-Enough
to-Eat Colors
100% WOOL SKIRT
3.95
Slim lines with stitched tucks
and zipper closing. Five delec
table colors . . . Grey, aqua,
blue, rose or beige in sizes 24
to 32.
SQUARE NECKED
SWEATERS
3.95
Dipped in the some dye pot, to
match perfectly! The ribbed
sweater with a colorful belt.
Sizes 32 to 40.
(Third Floor. Women'* 8port*we»r.)

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