Evening star., 1928-11-23

Charles Gates Dawes is going back
to work as soon as the whistle blows
on March 4, 1929. He announced that
intention in Chicago this week. I'M
mediately he has laid down the vice
presidential toga Gen. Dawes will re-
sumo his regular job, the Craftsmanship
of the board of the Central Trust Co.
of Illinois. He organized that pros
porous banking corporation in 1902 and
headed its board up to the time OF his
explosive inauguration as Vice Presi-
dent of the United States in 1925.
During the next five years Chicago
affairs other than banking will occupy
a lot of Gen. Dawes attention. He Is
going to put his vigorous shoulder to
the wheel now set in motion on behalf
of Chicago's 1888 world fair. Apart
from his obligations as a sturdy son
Of the Windy City, Dawes interest in
the fair is due to the fact that the
project largely originated with Rufus
advisory colleague of his distinguished
brother on the German reparations
commission.
william Trufant Foster, Boston Col
lege professor, and E. Waddill Catch
ings, New York banker. are joint au-
thors of the $4,000 900, 900 construction
reserve" plan, just sponsored by Herbert
Hoover as cure for unemployment.
They first evolved their dazzling scheme
in book entitled 1.-The Road to
Plenty" published earlier this year.
Previously Messrs. Foster and Catchings
had collaborated in three other eco
nomic works - Money" in 1923;
Profits" in 1925. and Business With
out a Buyer" in 1927. Foster is a
Harvard man. Since 1920 he has been
chairman director of the Pollak Founda-
dation for Economic Research. Catch
ings, a Tennesseean, was a claSSmate
of Fosters (Harvard '0D and is a
manufacturer by profession. Their
economic studies, therefore, present an
effective combination of the theoretical
and the practical. Catchings sits on
the boards of dozen industrial cor
porations, ranging in variety from coll
lars to steel, but gives most of his
time to banking as partner in Gold
man, Sachs & Co., New York.
x X X
Some ardent admirers of Gov. Smith,
outside the ranks of professional poll
ticians. would like him to accept the
to be organized for the purpose of keep
ing Smith policies" alive. The sug-
gestion originates in Pennsylvania,
where Gov. Smith rolled up the biggest
vote ever given Democratic presi-
Dental candidate, though short by
nearly a million of Hoover'S tremendous
poll. THE very fact that we possessed
a leader to keep up the enthusiasm of
some who might otherwise lose their
ardor would be big asset" says the
patentee of the Democratic league"
suggestion. Gov. Smith, it appears,
would not be expected to function as a
sheer labor of love. 1t is set forth that
contributions from State leagues to the
NIT the payment Of "a generous SAL
ary" to It's president.
X X X
It's an open secret that the Navy
folks are half-seas over with delight
that the President-elect Is rolling down
to Rio'--and to points West--in man
of-war and not in land-lubber's boat
like the Leviathan. The idea is that the
Hoover administration Is now bound to
take Office Navy-minded. Our sailor
men have always felt they would have a
friend at the White House court. should
Hoover be elected, ever since his Palo
Alto acceptance speech, when he spoke
right out in meeting-Quaker though
he is--in favor of fleet that will keep
America respected" But the Navy Is
honored and happy to have so extraor-
binary an opportunity to strut its stun
under the future commander-in n-ch1ef'S S
very eyes. Even bluejackets expect the
Maryland and the Utah this Winter to
do their duty.
X X X
Senator Robert F.. Wagner, Democrat,
of New York, is flirting with the idea
of asking for a Senate investigation Of
the Vestris horror There Is, of course,
historic precedent-the Senate in
| quiry into the Titanic disaster. Mr..
Wagner says he's not laying the blame
on any one or trying to interfere with
any Investigations now in progress but
feels that congressional inquiry into