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West Europe Expands
Trade, but Only With Aid of Marshall Plan PARIS, Nov. 16 <CDN>.—All the countries of Western Europe, in cluding the United Kingdom, are trading like mad with one an other, and with the Western world. Thus, trade is “expanding” in accordance with the insistent de mands of Americans for an ex panding European economy. At the same time, and by the same sign, all of the countries of Western Europe are buying a lot more than they are selling to the rest of the world. In other words, the expansion of their trade has been the expansion of a losing business. Only Marshall Plan aid prevents their losses from catching up with them. Warning Is Offered. The sudden cessation of Mar shall Plan aid, which amounted to $4,756,200,000 in the year ending June 30. and will amount to $3. 778.380,000 in the current fiscal year, would leave most of these countries In a fantastic mess. Their “trade patterns" would have to be altered completely. Sev eral of the countries would be threatened with economic catas trophe, and all of them would have ’to impose regimes of bitter aus terity upon their populations. The United States, simultane ously. would have to try to discover where to sell the billions of dollars' worth of produce and equipment which it has been able to sell to Western Europe during the last year, only because it has “given the stuff away.” Plan Aids U. S. The United States has granted Marshall aid, not in the form of gold or dollar bills, but in the shape of goods which involve the labor of American farmers and workmen, and profits to American manufacturers and businessmen. The Marshall Plan, to date, has Only the SUPER POLISH nm*. gives you a it’s SUPER BRIGHT it lasts days longer it gives superior leather protection and recolors too ^GRIFRN ABC Watch fewer brush strokes bring up the shine.. • 10c will show you die difference between GRIFFIN ABC end any other polish at any price... so for 10c why wait... stan now to en joy more shine with less shoe shining! Hack • Brown • Tan • Oxbloed very probably produced more than five or 10 or 15 billion dollars worth oj benefit to the United States in the form of political and social tranquillity in Western Eu rope, and a temporary collapse of Communist power in Marshall Plan countries. But, with the lone exception of Belgium, the countries which re ceive Marshall aid are not yet in sight of economic self-sufficiency, or anywhere near it. . These facts, which are incontro vertible, make American threats to ‘‘cut off Marshall aid,” seem pre mature to the point of being un intelligible. Such a threat was voiced in Paris last Monday by Paul G. Hoffman, economic co-operation administrator, front man and leading defender of the Marshall Plan. Hoffman Demands Cited. The threat has since been watered down, qualified and mini mized with the explar^ition that it was "for European consumption only.” But it still echoes in the minds of Europeans. Mr. Hoffman demanded, under this threat, that the 18 Marshall Plan countries should “integrate" their economies; in other words, abolish tariff walls, co-ordinate their fiscal polices and create what : would amount to an economic ! United States of free Europe. The fact that this would require politcal co-ordination amounting to the creation of a political United States of free Europe, made his demand seem just as ; fantastic as the treat. As things now stand. Mr. Hoff ; man seems to be satisfied with the ; far less utopian and perfectly practical goal of creating small regional tariff groupings, abolish ing quota restrictions on intra European trade, and “aiming” at the general reduction of trade ; barriers. Egyptian Makes Film With a Social Moral By the Associated Press CAIRO.—A young Egyptian is betting his bankroll that the les sons he learned in Columbia Uni versity sociology classrooms can be passed on to the Arabic world I in popular motion pictures. Al though the Egyptian film Indus 43% MORE FOR j YOUR MONEY than in the Small size BIG 854 SAB OF NOXZEMA now f Ad only LIMITED TIME ONLY( • Here’s Noxzema’s annual money saving offer. If you like to save money (and who doesn’t nowa days?) here’s your chance to get a big 85f jar for only 59<*. Actually —that’s 43% more Noxzema for your money than in the Small size. You know what a wonderful fam ily standby Noxzema is. It has doz ens of uses. A marvelous aid to lovelier-looking skin—millions of women use it as a night cream and as a foundation cream; and it brings glorious relief from so many annoying skin troubles — sunburn, chapped hands, externally-caused blemishes, baby’s irritated skin. Stock up now. Get several jars —enough for all members of your family. Hurry! Supplies won’t last long. Go today and get your big 85? jar of Noxzema for only 59?. try has turned out up to 140 full length pictures a year, pic tures with a social moral are unknown. Hassan Bey Amer, a Columbia student from 1945 to 1948, will premiere the first Egyptian film along this line in Cairo. Called “Watch Your Wallet,” it contains under a sugar coating of popular stars and comedy, the point that Egypt’s wealthy women could bet ter use their riches in financing schools and hospitals than in high living. Organized 1910 Suburban National Bank: Betheada Wheaton Silver Spring Takoma Park CONDENSED STATEMENT OF CONDITION At the close of business November 1, 1949 as reported to the Comptroller of the Currency RESOURCES Cash and Reserve with Fed eral and Other Banks ....$ 6,952,190.88 U. S. Government Bonds ... 7,925,284.22 Municipal and Other Listed Bonds . 604,859.64 Federal Reserve Bank Stock 34,500.00 F. H. A. Insured Loans. 2,295,479.09 Real Estate Loans . 3,515,881.20 Other Loans and Discounts . 4,457,673.08 Banking Houses . 183,161.72 Furniture and Fixtures. 97,605.00 Other Resources . 62,697.75 Total Resources .$26,129,332.58 LIABILITIES Deposits .$24,491,824.03 Capital Funds: Common Stock. 600,000.00 Surplus Fund... 850,000.00 Undivided Profits . 872,492.33 Reserves . 114,713.91 Other Liabilities . 802.31 Total Liabilities . $26,129,332.58 i OFFICERS T. Howard Duckett, Chairman of the Board Fred L. Lutei, President John H. Hunter, Vice President BenJ. C. Shaw, Assistant Vice President Warren E. Lawson, Assistant Vice President Charles M. Marsteller, Assistant Vice President Ira C. Whitacre, Assistant Cashier H. C. McCeney, Assistant Cashier Joseph T. Howard, Assistant Cashier Herbert D. Lawson, Assistant Cashier Lloyd S, Carey, Assistant Cashier W. Wilson Rich, Assistant Cashier Norman D. Martin, Assistant Cashier James W. Gill, General Counsel t. Donald Claxett John J. Dolan T. Howard Dnckott Jamea W. GUI DIRECTORS John R. Hunter ■. L. Houston Jones Fret L. Lutes Oliver Metierott WiUitm H. Remolds Joseph Riehmrds, Jr. Loo H. Robinson C. Boiler gerlmteonr Dwirht t. Smith Ira C. Whltaere William M. Wrlfht PROGRESS REPORT 1910 - $ 25,634.23 1920 847,545.18 1930 1,401,002.29 1940 5,772,561.26 1949 26,129,332.58 member federal reserve system and federal deposit INSURANCE CORPORATION visit for New Pianos in a Complete Price Range Reginning at $395 Our large stock of pianos of many makes gives you a wide choice of styles, designs and woods. 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