Evening star., 1923-10-24
TELLS TyPOTHETAE
OF WAR DEBT PLAN
Philadelphia Suggests First
Mortgage Paper, With U. S.
Bond Issue to Follow.

A plan for the securing of European
debts to the United States in a man
ner that would be of benefit to the
debtor nations was outlined by E. J..
Cattel of the chamber of commerce.
Philadelphia. today in an address be-
fore the members Of the United Ty-
pothetae of America attending the
annual convention of
the organization at the Willard Hotel
Dwelling upon the fact that the
European countries owe the United
States $1O,5O0. .0Oo, 900, Mr.. Cattel sug-
gested that first mortgage bonds be
obtained by this country as security.
These bonds, which. he explained,
would prevent the nations from rails
ing money for other wars because no
one would lend on second mortgages.
should be for period OF fifty years.
and non-interest bearing for five
years. he added. The mortgage bonds,
he declared. should be brought to
America and on them a three billion
bond Issue drawing per cent should
be sold to the American people. and
the money used for the distribution
of raw material and machinery on
ten-year time payment to the Euro
pean nations.
Nominations Delayed.
Speaking of Washington, MI. Cat
tell declared that when he crossed
avenue in the "60's'' he
thought the city the ugliest In the
world. Now" he declared, "I think
It the most beautiful" He spoke op-
of high wages in the
declaring that in one city
alone half as many workers today
own government bonds as owned
them In the entire country before the
war
Owing to the stress of business the
committee was unable to
complete its work yesterday in order
to report today, and, according to Will
liam J. Eynon of the Typothetae Of
chairman OF the COM
mittee, a special meeting. will be held
tomorrow morning. J: Clarke Acton
OF Toronto. first vice president of the
q. T. A, who was Slated for advance
ment to a higher office in the organi-
cation. has resigned and has thus
caused some complication in the nam
ing of the successor to J. Linton En-
gle Of Philadelphia, the present presi-
dent.
Other speakers on today's program
were w. ]. Phillips, Boston Ty-
pothetae Board of Trade; Adam
Bede, former representative from
and A. S. Goldsborough.
general secretary. Merchants and
Manufacturers Association, Balti-
more. Md.
Waiting Mount Vernon.
The delegates are making a pill
grimage TO Mount Vernon this after
noon as guests of the local typothetae.
and tonight they will be guests at
an entertainment and dance at
Harding Hall in the government
printing office, as the guests of
George H. Carter. public printer. and
Albert w. Findlay of Boston was
elected to head the open shop divi-
sion of the organization. Ernest F.
Eilert of New York city was elected
head Of the closed shop division. and
n. H. Anspach of Chicago was re-
Society of America, afiliated with
The U. r. A. has also decided to
help the federal government IN a
survey of the print shops
to help in bettering the health con-
ditions among the printers. many Of
poisoning and other diseases. Last
night the U. T. A. and the local
typothetae gave an informal reception
and dance for the members and
guests.
Principles to Be Framed.
A definite organization of employ
ing printers to work out with repre-
sentatives of national unions broad
principles to form the basis Of local
agreements was formed yesterday at
a meeting of the closed shop division
Of the United Typothetae Of America.
The new Printers League of Amer
lea, 1t was decided. will attempt, In
cooperation with the unions. to de-
wise standard forms of CONTRACTS,
general principles of arbitration al d
uniform programs for
training apprentices and other mu-
tual problems.
The closed shop division, in addi-
tion to effecting organization of the
Printers League, decided to continue
in the joint conference
councils which have been operated
by commercial employing printers
to have vocational schools
establish pre-vocational courses to
give students and apprentices better
before they begin def
mite training for their trades
The shortage Of apprentices in the
industry was discussed by both the
open and, closed shop divisions,
speakers at the latter declaring the
lack was as much the fault of the
as of the unions. Open
shop employers were urged to give
more attention to the training of
to supply future needs, de-