Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-15

adoption OF the Weimar constitution, a
national German holiday was defeated
in the ReiSchstag the other day,
majority favored the BILL but not quite
the two-thirds required. The joining
of the Peoples Party with the NATIONAL
lists on this issue is gloomily significant,
in view of the fact that some time ago
Stresemann, the leader of that party.
announced that his party had COM
pletely repudiated its former monarch
ical leanings and Fundamentally ae-
copied the republic.
On July 10 the Reichstag adjourned
for the Summer.
X
Gilman important economic con-
ference was recently held at Marking
under The craftsmanship OF T. v. Soong,
finance minister of the Marking gov
eminent, all the main economic inter-
ests of the great republic tso-calledl
being ostensibly represented and heard,
and resolutions being adopted realiza-
ton of which would restore the unity,
prosperity and glory of the Tang days
Among the desiderata resolved may be
mentioned: Tariff autonomy, to COM
mence January /. 1929. national
bank: a national uniform coinage:
national banking regulations; farm loan
banks: improved communications; dis
bandment of troops. and not least,
elimination Of graft, of squeeze"
United States of America.~~John j.
Raskob. chairman of the finance COM
mittec of the General Motors Corpora
ton. has been made chairman OF the
Democratic national committee.
Morris NJ Titterington, the famous
inventor Of aeronautical instruments.
was killed when the plane In which he
was flying for Texas crashed into a
mountain In Pennsylvania. Mr.. litter
ington perfected the earth inductor
compass TO which aviation is so much
beholden.
On July ii the New York stock
market experienced It's most serious
break since the war. Fifty of the most
important issues dropped an average OF
AL points. General Motors figuring
prominently In the punishment
Five big schooners~-the Atlantic,
Elena, Azara Zodiac and Guinivere---
started from Ambrose Channel Light
ship on july 8 on 3,000-niie race for
Santander. Spain. for the Kings Cup,
offered by the King Of Spain. Just q
week previous four little schooners had
left the same starting point for the
same destination. racing for the
Queens Cup offered by the Queen of
Spain.
The Rofa, smallest of the four little
craft. came To grief about 400 miles east
Of Ambrose Light on the morning Of
Y..ix n ~ hath a q d
and she was dangerously adrift In a
discharged a number Of Very rockets.
The Anglo American OH Co.'S tanker
Tuscarora saw the signals, took aboard
the Rofa's crew OF six tincluding Mrs
william Roos, wife OF the owner end
MASTERY and took the schooner In tow
But the little racer broke adrift and, the
weather being thick with heavy rain,
could not be found.
BY defeating Yale by quarter of a
length In the final OF the tryonts on
, the Schuylkill on July 7, the University
of California eight-oared crew won the
right TO represent the United States In
the Olympics.
According to figures furnished by
the finance and investment division Of
our Department Of Commerce. American
investments In foreign capital securities
during the first half of 1929 reached the
record total of 81 ,Ob3, 1000. oompaiinp,
with S7e4, 277 900 In the first half ol
1927. A part OF this great total, oi
course, consisted OF refundments
For example In the second quarter
of this year foreign securities OF a total
par value of $64a 900 900 we're taken up
here, OF this total s54i 100000 was new
capital
/ Again, of this total OF $644 900 900
| s274, 600, 900 was loaned to governments
! s370, 100000 to corporations. Europe
borrowed $28a, 900 900; Canada, $l56,'
| 400 900, the Far East, $la0 900 900, ant
Latin America, $40 900.
| The German borrowing from US IN
the second quarter namely, slo2,30o,'