Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-04
Par Value About 1913 Cents.

al value VI iIlOSt OF the. continent
al currency, except Germany, is 1913.
The Italian lire is a little bit better
than the French franc-the fraction
of cent, and, with the exception of
Holland and Switzerland, other CONT
mental currency is quoted far below
par.
These conditions are not the de-
velopment of recent days, but have
existed, becoming worse as the wears
passed by, since the war
Perhaps the remedy may lie in their
becoming SO bad, so hopeless that
Great Britain and the United States
will have to extend aid in the in
terest of civilization as a prevention
of chaos.
Some continental nations are strug-
Cling to keep their heads above water,
while in others. jealousies. intrigue
and outside interference all combine
to add to the turmoil and make it diff
ficult for the various governments to
work out their own salvation.
Dictators who dictate should be at a
premium over there1yho will not
brook interference.
In the United States.
Political differences. the prohibition
question, farm aid and the thousand
minor problems with our perennial
elections and the apparent passing of
the era when there shall be no cut
in wages and the substitution of
the more aggressive demand for
higher wages, are all that seem to
trouble the United States.
They tend to cause conservatives
to go slow, but with the great re-
sources of this country, the wealth
and business aggression, there will
not be any serious impeachment to
business, which will be satisfactory
with exceptions heretofore referred to.
The Urge to Save.
Our bankers have performed their
full duty in their urge to save-not
entirely without selfish ends, but
they have spent thousands and tens
of thousands in pointing out the
necessity of putting away something
for the 'rainy day" and the time
when no man can work.
One should not have to advance any
additional reasons in support of the
wisdom of economies, they are suffie-
GENTLY potent if one will only stop
and consider
Sons of sunny Italy under the new
and drastic regime may heed the
warning and with everything banned
in any way leading to expenditures
for anything but actual needs, but in
this country the lure of the automo-
bile on the INstaANneNt plan, the golf
club yawning for the spare change
! and employing millions of men for
| many hours, to say nothing of thou
| sands of acres of arabic land. with
, everything that makes for enjoyment
| to be had onr monthly payments-it
is decidedly hard to meet payments
| and save at the same time.
1t is hard to tie up coin in banks
| In youth with the call on every
hand-recognizingt the need, but side.
| stepping 1t, with perhaps little more
| consideration in maturer years to
come unprepared upon the age of in
| ability to earn-a national evil to be
! charged to prosperity.
Installment payments have come to
stay as a part of our business life
the total annual sales have now reach.
ed nearly if not over $4,000, 900, 900.
July Distributions.
Interest and dividend distributions
made during the current month will
total about $3.50, 100000. Washington
! may count on about $4,000 much
of which has already been distributed
The new cash had its effect on the
local market on Friday, when there
were numerous signs of reinvestment
buying. This Is likely to be carried
further with next week. There is no
hesitation in the local market as to
bonds, while some bank stocks are
slow pending developments in earn
ings without selling pressure any
where in the list and with Lanston
Monotype, Potomac preferred and
Mergenthaler displaying excellent
strength.
Railway Situation.
The local street railway situation
remains unchanged in any particular.
When Mr.. Hamilton resigned from the
presidency of the Capital Traction Co.
it was supposed that the movement
L. L.. ha irakn orf Of