davidaulloa/AmericanStories huggingface dataset:
Evening star., 1922-05-14
DEBTS OF ALLIES TO. AMERICA (
EXCEED GOLD STOCKS OF WORLD
Chamber of Commerce Outlines Relation
Between Ihterallied Debts and World
Trade for Delegates.

the entire world would have to show
d credlt balance OF considerable pro-
portions. Such development is i'm
possible under present conditions.
"A possible exception might arise in
the case of Great Britain through the
invisible items of foreign trade which
might be utilized in payments to the
United States. Great Britain does
have net credit balance (resulting
from these invisible items added to
the visible eXports) which amounted
in 1920 to 160,000,000 paper pounds
Unless 1t is shown that the European
debt and reparations are to be paid
In full. the other countries have no
credit balances nor are they likely to
have for many years to come.
Increased to S1O.OOO,OOO.OOO,
1t Is shown in the report that up
to the time when American troops
began to play an important pat in
France In June and July, 1918. the
United States government loans to
the allies amounted to s5.966,51 200
and had increased at the time of the
armistice to $7.0O0,000,0
"Since that date borrowings under
the liberty Noan acts have increased
these debts to about ten billion dol
lars.
Subsequent to the armistice the
debts of the allied governments to
the United States government were
further increased by other measures
connected with the restoration of or
der in Europe and with relief for the
civilian population '(a) by borrowing
rial from the War and Navy depart
ments; tb) by loans obtained to pay
for supplies furnished from the Amer
lean Relief Associations; (t) by loans
obtained to pay for supplies secured
from the United States Grain Corpor-
alton. Debts incurred under these
last three heads further augment the
debts Of the allied and associated
powers to the United States govern
ment by s51S.000.000 principal and ac-
crued interest Thus the aggregate
government debt of these powers Is
now in excess of $11. 800. 900, 900, prin-
cipal and accrued interest
Credit Balance Required.
ut is evident that the payment of
the interallied debts requires first an
international credit balance arising
out Of trade and other financial re-
lations. and second. that. granting
there is such a balance. it Is still nee
essary for each country to secure
from taxation the means with which
TO buy the bills OF exchange from
exporters and others with which to
pay the debts. This raises the fiscal
problem in each country 1t is not
imaginable that in addition to the tax
burdens which the people in those
countries already bear, still further
taxes could be levied adequate to eff
feet the purchase Of bills of exchange
in order to make debt payments in
this country. In fact. it would ap-
pear that the budget situation is such
in all the allied countries that they
could not pay now, even though the
trade balance was fixed. This sum-
mary of the situation covering the
debts, the gold stock, foreign trade
and a reference to the budget situa-
tion in the former beHigerent coun-
tries indicates the grave difficulties
which surround the settlement of the
interallied debts"
Evening star., 1922-05-14
Play Safe

You should know something
about the man who comes
into your home to make your
necessary repairs.
PLAY SAFE. Refer to the
Recommended Service Column
in the Classified Section of
The Star. You will find many
reliable advertisers who guar
antse to give Star readers sat
isfactory service.
r For admission to the
Recommended Service
Column see the Ad-
vertising Mana goa
Sixth Floor.
Evening star., 1922-05-14
FLAG ON WILLARD
DURING CIVIL WAR
Incident Recalled as Cente.
nary of Late Owner
Is Observed.

The story of how Henry Augustus
Willard kept the Union flag flying
from the roof of the Willard Hotel
during the civil war, despite the
threats of southern sympathiZers to
make him take it down. was recalled
by Representative Dale of Vermont
at the memorial exercises held at the
Willard home, 1888 X Street, yester-
day.
Mr. Willard would have been 100
years old today had he lived, and his
son and daughter-in- law, Mr.. and
Mrs. Henry K. Willard, invited the
Association of Oldest Inhabitants and
more than a score of prominent busi-
ness men to join with them in paying
tribute to the memory of the elder
Mr.. Willard.
Representative Dale. who represents
the district in Vermont where Mr..
Willard was born. spoke in glowing
terms Of the sterling character of
Henry Augustus Willard and told of
his many works of charity and devo-
tion to his church.
Allen c. Clark, president of the CO.
lumbia Historical Society, presided
and also eulogized the founder of the
hotel which bears his name today.
John Clagett Proctor of the ASso-
citation of Oldest Inhabitants read
three original poems composed es-
pecially for the occasion, one by John
A Bellows. another by Emily Page
Webb and the third by himself.
William Willard of Hartford. Conn,
a relative, also spoke.
Evening star., 1922-05-14

and DIR. J. c. A. Everwijn. minister
of the Netherlands to the United
States. will talk on European condi-
tions from Netherlands standpoint
shipping Problem Up.
The merchant marine will be con-
stdered at the Thursday morning ses-
sion. Albert D. Lasker will talk on
the Presidents program; the view
point of the farmer will be given by
Harvey ]. Sconce, Sidell, Ill: the
viewpoint Of the shipbuilder by ]. l..
Ackerson, former constructor, United
States Navy, and former vice presi-
dent of the Emergency Fleet Cor
poration. and the viewpoint of the
ship operator by Frank c. Munson.
president of the Munson steamship
lines of New York.
The committee on nominations and
election of directors will report at
the afternoon meeting, which is to
begin at 2:30 o'clock and Thursday
night at $40 o'clock. Secretary
Hughes of the State Department will
talk on some aspects of the work of
the Department of State.
Headquarters will be maintained
both at the New Willard Hotel and al
Convention Hall. The registration
room is to be at the F street entrance
of the New Willard, and the head
quarters of the president, resident
vice president and secretary also will
be in one of the rooms at this en-
trance
Evening star., 1922-05-14
sERGT. D0RR RELIEVED.

First Sergt. William Dorr, United
States Army, retired, has been relieved
from further duty at the high school.
Stamford, Conn.,, and will return to his
home at 609 New Jersey avenue, this
rify
Evening star., 1922-05-14
WORLD PROBLEMS
TOUCHING BUSINESS
OF u. S. TO BE AIRED
CONTINUED from First Page.)

reports, as well as the appointment
of committees on credentials and
resolutions. The reports to be re-
ceived at this meeting include the
report of the national council. the re-
port of the board of directors and the
report of the treasurer, after which
President Defrees will deliver his an
nual message.
Following this business. Arthur Bal
four will speak on the economic and
industrial situation of Europe.
Secretary Hoover to Speak
Secretary Hoover will speak at the
general meeting Tuesday night at 8
o'clock on the effect of the European
situation on American business and
American Farm Bureau Federation.
will talk on the effect Of the Euro
pean situation on American agricul-
ture.
The general session. which will be-
gin at 10 o'clock Wednesday morning,
will be devoted almost entirely to a
consideration of the European debt
and reparations situation. after which
the first report of the committee on
resolutions will be considered. Dwight
W, Morrow of j. z. Morgan q GO. Will
deliver an address on financial re-
Mobilization Of Europe In relation to
American business. John Ross Della
field of New York. formerly chairman
of the board of contract adjustment
of the War Department. will talk on
the effect of the payment Of principal
or interest of the allied debt to the
United States upon United States ex-
ports and the home market. Silas H
Strawn, chairman Of the board of
Montgomery, Ward &: Co., Will talk on
reparations in relation to American
business.
At the evening session Wednesday,
which begins at 8 o'clock. A. c. Bed
ford, vice president Of the 1nterna-
tional Chamber of Commerce OF the
United States. will talk on that body.
Evening star., 1922-05-14

Say it with flowers" Order them
from GUIDE, 1914 F.-Advertisement.
Evening star., 1922-05-14
C. OF c. BUILDING
AG|TAT|NGL
Question of ''0pen or Closed
/. Shop" on Big Structure
! Causes Inquiries.

Rpfh "opsn shop" end closed" or
uufon shop, advocates are turning
their attention these days to the
construction of the $s,oo0.o0o perma-
nenk home for the United States
Chamber of Commerce, for which the
corner store will be laid Tuesday.
How will 1t be built?" is the fore
MOST question in the minds of OBJ
9erverA
Tho answer was personally pre-
rented &c President Samuel GomperS
OF the American Federation OF LABOR
by Vice President Elliott H. Goodwin
CT the chamber, the executive of its
nffairs, short time ago, in reply to
a letter from President GomperS ask
ing information along this line.
The discussion arose of reports
coming all the way from the Paclnc
coast that the construction OF the
chambers new home would be ac-
complished without a tool in the hanos
OF a union workman.
Gompers Asks Information.
President Gompers wanted to know
as to the truth of this assertion and
he wrote letter to the Chamber
of Commerce.
Mr.. Goodwin paid the labor leader
a personal visit with his letter of re-
ply. Following the interview Mr.
Goodwin is quoted as saying that the
big construction job would be ell
right if the radical labor man and
the radical business man can be
kept out of it."
The American Federation of Labor
is saying nothing about the matter
Ut was stated at the office of Mr.
Gompers yesterday that the inter-
view took place. but no further in
formation was vouchsafed.
r
pointed out when the American Fed
GRAFTON of Labor building was con-
structed it was done under the closed
shop plan.
The American Plan.
They really couldn't consistently
do anything else" he said. And I
maintain that we can't consistently
do anything other than build our
under which men will be hired for
the work without attention as to
whether they belong to labor union
Or do not belong to one"
Mr.. Goodwin assured the labor
leader that the chamber was primar-
lily engaged in the erection of a
building and not in starting an in
dustrial row, and also said that the
reports from the west coast were
exaggerations.
Mr.. Gompers primary point of in
uuiry, 1t developed, was to ascertain
whether the chamber intended to
make the enterprise an anti-union
demonstration in Washington under
the very noses of the men officially
responsible for the conduct of labor
the Contrary. the matter has been
, dropped, it is understood. and all
concerned regard the exchanges as
banter, for the present.
Evening star., 1922-05-14
STEEL MEN ASKED
T0EXPLA|N MERGER
Trade Commission Calls on
Half Dozen Presidents to
Reveal Details.

Presidents of the more than half a
dozen Independent steel companies
mentioned in connection with the re-
ported projected merger were called
upon Yesterday by the Federal Trade
Commission for full and specific infor-
nation as to the plan of proposed
merger before the plan is consum-
mated or transfers made"
The commissions request, made
after receipt of the La Toilette reso-
luton. adopted Friday by the SEN
ate. was addressed to the presi-
dents of the Midvale Steel and Ord
nance Company. Republic Iron and
Steel Company, Lackawanna Steel
Company, Inland Steel Company,
Youngstown Sheet and Tube Company,
steel and Tube Company of Ameri-
ca Brier Hill Steel Company and the
Bethlehem Steel Corporation.
Announcement was made in con-
nection with the request that the
commission had it's attention called
formally to the projected merger
last December 81, and since that
time 1t has had the matter under
Investigation
Evening star., 1922-05-14

The relation between the inter-
allied debts and world trade is set
forth in an outline of information for
the use of delegates who will atteha
here this week the tenth annual meet
ing of the Chamber of Commerce OF
thu United States The general SUD-
ject for discussion at the annuai
meeting is European Conditions ana
Their Effec. on American Business
The interall.ed debt report. prepared
for the chambers foreign arairs
committee. is put out for the purpose
of acquaintins the delegates with tne
facts of the debt situation.
1t is pointed out in the report that
the debts of the allies to the United
States alone are substantially greater
than the present available gold STOCKS
of the world. ITO settle by actuai
shipments of gold the bare interest,"
payments due the United States gov.
nearly 80 per cent of the total gold
stocks of the allied governments IN
1919" according to the report. since
one of the great sources or economic
difficulty in Europe is the depleted
gold stock or gold of the former bel
to require further depletion of these
reserves in payment of debts to the
United States would have disastrous
effects upon European recovery.
Hold Ubfuvornble Balance.
The capacity of the allied countries
to pay their debts to the United states
by building up trade balances in this
country and thereby establishing
surplus gold credits with which to
III
ernment, is analyzed in the report.
The figures show that the allied coun-
tries had an unfavorable balance in
direct visible trade with this coun-
try in 1920 amounting to about ST.
191, 1,050,000.
that only Cuba. Greece and Serbia
show favorable visible balance
either before or after the war; and
that the grand total, in all cases of
the trade of these debtor nations
with the United States. shows an un-'
favorable balance both before and
after the war. Moreover the post
favorable than those before the war,
and will probably continue to be 50
while Europe is underproducing and
laboring with unbalanced budgets"
Payment Now FantasticaI.
An examination Of the total foreign
trade figures of the debtor nations
showed that in 1920 these nations had
an unfavorable balance of more than
$1,000, 100000. I'm the face of the un-
favorable balance disclosed. accord
ing to the report, ut is fantastic to
expect these countries at present to
pay their debts to the United States
out Of an excess Of exports over i'm
Forts in direct trade with them. The
figures also show no present prospect
hot fHn n oh fo hn y0rri a fa6 fv-OY
triangular operations in world trade.
resulting in the different countries
building up credits in this country.
Their aggregate foreign trade with
Evening star., 1922-05-14
POLICE IN CRUSADE
ON RACE GAMBLING
Raid Of Suspected Handbook
Headquarters Possible
in Early Future.

Another handbook crusade is being
planned by the police. Much of this
form of gambling Is being carried on
in this city at this time. the police
declare, and point to the crowds of
men who assemble in front of the
bulletin boards and places of business
where results of the races are posted
every afternoon.
Early trials of some of the long
pending cases in Police Court are
promised. Many Of the cases in which
arrests were made by Detectives
Messer, Sweeney and Fowler. MEM
bers of Commissioner James F. Oys-
have not been tried, and some of the
alleged offenders soon will have to
appear at the bar Of justice and de-
fend the charges against them.
Detective Sees Prosecutor.
Detective Messer recently conferred
with Assistant United States Attor-
ney Kelley. who is charged with the
prosecution of liquor and gambling
cases in Police Court. and the latter
assured him that number of the
cases will be placed on the assign
ment for trial at an early date.
Imposition of a sentence of two
years Imprisonment in a federal
prison by Justice Siddons in case
brought against an alleged handbook
man is pleasing to police officials.
who think few such sentences will
do more toward breaking up the
game than will the imposition of fines
of thousands of dollars.
A number of offenders have served
Jail sentences the past few years and
in official circles the question of
sending offenders to the penitentiary
was discussed a number OF times.
Now that the question has again been
definitely determined, it is stated. the
police may change the charge to the
section providing penitentiary SEN
tences in many future cases.
Evening star., 1922-05-14
MINE BUILDING BLOWN UP.
Dynamite Exploded Under Boiler
House of Idle Colliery,

UNIONTOwN.,, Pa. May 13.-A
charge Of dynamite was exploded
under the boiler house at the Patrick
mine Of Nicholson Coal Company
near here, early today. The guard
at the mine was at once reinforced
by deputy sheriffs. State police sent
to investigate found wires stretched
from the boiler house to nearby
woods.
The mine was closed soon after the
coal strike began.
Evening star., 1922-05-14
Ford Runs 81 Miles on Gallon
of Gasoline

A new automatic Vaporizer and
Decarbonizer, which in actual test
has increased the power and mile
age of Fords from 25 to so per cent
and at the Same time removed
every particle Of carbon from the
cylinders, is the proud achieve
ment of JehnA. Stransky, 225 South
Main street, Pukwana, South Da-
kota. A remarkable feature of
this simple and inexpensive de-
vice is that it's action is governed
entirely by the motor. 1t is slipped
between the carburetor and in
take manifold and can be installed
by any one in five minutes without
drilling or tapping. With it at
tached, Ford cars have made from
40 to 81 miles on one gallon Of
gasoline. Mr.. Stransky wants to
place a few of these devices on
cars in this territory and has a
very liberal offer to mako to any
one who is able to handle the busi-
ness which is sure to be created
wherever this marvellous little de-
vice is demonstrated. II you want
fo fry one entirely at his risk, send
him your name and address today.
3
Evening star., 1922-05-14

TINNEY PHYLLIS wHEATLEY ASSoCIA
tion wishes to inform its members Of an i'm
portant meeting May Is. 1922.
A. B. GREEN. Pres.
NJ RYRD Soc
Evening star., 1922-05-14

Bad1eS INSTRUCTED Free.
Make your own hats in the latest style We
kuarantee the result. Braids. flowers and ma
tefials. Latest style hat frames, Csc Hats
made to order. $3.50. Hemstitchng-sood
Work. quick service.
PAINTING+HONEST WORK ONLY
]. c. CALIIAE,
<O4 @ ct. ne. Phone Lincoln 7552 Ike
Evening star., 1922-05-14

TAKE NOTICE THAT THE DIME MEssEN-
Ter Service. Inc. shall not hereafter be re-
Sponsible for any debts or obligations incurred
BY any messenger. truck driver or any other
6erson employed by this company without the
written consent of Robert Kressin. president
AZ tbA said company ROBERT KRESSIN.
The Lexington progress. (Lexington, Tenn.) 1884-current, 1922-06-16
THE BAPTIST REVIVAL.

Evangelist J. B. DeGarmo contin-
ues to preach twice daily in the revi-
val at the Baptist church which it is
announced will continue through Sun
day, closing at night.
His sermons have attracted wide
spread interest throughout the town
and community, owing to the vigor Of
thought, aptness of illustration and
profuse use of scripture. He is ad-
mitted to be one of the most Biblical
preachers the town has heard in a
long time, fortifying every position
he takes with the free use of the BIZ
BILE.
The attendance, despite the oppres-
sively warm weather, has been splen-
did, the day crowds being especially
large.
The evangelist has had able assis-
lance in his talanted daughter, Miss
Helen De Garmo, whose vocal solos
are rendered effectively. The train
ing she has given junior choir Of
from 25 to 40 children has been q
great asset to the meetings. The
congregations from time to time have
included representatives from all the
demonstrations Of the town and their
cooperation has been greatly appre-
ciated
The Lexington progress. (Lexington, Tenn.) 1884-current, 1922-06-16
Local and Personal
hoo Doo.'

hoo DOC"
Cleve Coffman has been here this
week.
W. W. Hay has been right serious
lily i'll this week.
We have all kinsd of cakes.-Lex-
ington Baking Co.
Attorney HUI C. Anderson, of Jack
son, was here Monday.
]. H. Gibson, Route 2, Lexington,
has good COW for sale.
Esq. T. H. Winslow was one of the
small crowd here Monday.
Quite a number of our people at
tended the singing at Juno Sunday.
Don't board rats-we have the
"dope" for them--handy to use
Elk.
Mrs. Frank Kent and little daugh-
ter, Arbie Edna, spent Saturday in
Jackson.
WANTED-Hogs and sheep to bar
becue.-Mrs. r. L. McCulley, Hinson
Springs.
100, (2,5oo) 2h.
John H. Trice, Of Jackson, candi-
date for Railroad Commissioner, was
here Monday.
Esq. S. M. Edge, who has qualified
at candidate for Floater, was in
town Monday.
Prickly heat powder for the little
fellow.-Elk.
AR. Appleby was over from Spring
Creek from Saturday last week until
the middle Of this week.
H. L. Grissom, of near Reagan, was
in town Thursday and did his part to-
ward helping this paper along.
Quite number of our citizens went
to Juno last Sunday to be present at
the annual singing held at that place.
Fresh Rolls every afternoon at five
o'clock.-Lexington Baking Co.
A Mutt Joyner enjoyed the good
singing and good dinner at Juno last
Sunday.
120 (2,50o) 2h.-Elk.
Postmaster John L. Sullivan wN
confined to- his home by sickness last
Friday until Sunday.
Mrs. Sarah Jane Eller returned
Sunday from short visit to her son,
Irby, and family in Memphis.
]. M. Evans, Of Huron, was in town
Monday and had the Progress contin-
ued to his address for another year.
o. L. Boren, of Murray, Ky, and
Hubert Boren, Of Darden, was here
Sunday as guests of their brother,
Fred.
Hardened especially for porch
floors-True-Tagg porch and deck
paint.-Elk.
Clint, son Of X. H. league, six
miles northwest of town, is recover
ing from a slight spell Of scarlet fe-
yer.
Curry Mccall, of Jackson, was here
last Sunday to see his brother, Tom,
who has been right sick for several
days.
Mrs. s. A. McNatt, who has been
in poor health for some time is re-
ported considerably improved this
week.
Edward Barry, Rush Oakley, Hen
ay Barry, Jno. S. Fielder, Henry E.
Graper, Jr., Bill Priddy, Boy Joyner,
Gene Garner and others saw the ball
games Jackso Mast weekend.
The Lexington progress. (Lexington, Tenn.) 1884-current, 1922-06-16

DR.. Sam T. Parker's wife cleft him.
the middle of last week--to visit her
old home in Kentucky-and the doc
tor has again presented an appear
ance which a painter would fairly
revel in depicting on canvass as
"Woe." When DR.. Sans wife is
away he reminds US of one of the old
doleful ditties of the middle ages of
the last century-such as this:
81 look around | look around, life
has no charm for me,
There is a pang in all feel a
blight DER all see.
In vain may joys around me glow
or Summer Ger me shine,
There is no glance that fondly
beams, no heart that throbs to
mine."
The Lexington progress. (Lexington, Tenn.) 1884-current, 1922-06-16

Jim Dennison is a candidate for
Register, his formal announcement
appears in The Progress this week
and while he is due a notice on that
account we feel it almost if not quite
superfluous for us to attempt to tell
the people of Henderson county any
thing about him. Jim Dennison was
here when we came in 1884-here he
has been all the time and here he is
still. He has been engaged in various
businesses through which and his dis
position to "mix and mingle" he has
become acquainted with the greater
part Of the population of the county.
He is and has always been sober, &C
commodating, sociable, likable, a good
citizen and a neighbor that could not
be beaten. He is a lifelong Republi-
can and for reasons sufficient to him
self, which he will explain to the peo-
pie, he sees fit to run In the August
election for the office to which the
County Court saw fit to elect him
when Register Sullivan resigned the
remainder Of his term. We could not
possibly find a word to say against
Jim Dennison but we can say in his
favor that if elected he will do his
level best to make the county a good
official.