Evening star., 1929-06-11
MAY ASK COOLIDGE
TO HEAD NEW BANK
Former President Believed
Destined as Executive of In
ternationaI Institution.
BY JOHN F. SINCLAIR.

SpeClal OlbpACCn 10 Inc SLaI
NEW YORK, June 11.-Owen D.
Young is basically business philoso-
pher. Read any statement that he
writes, or, better yet, hear him make an
address, and one cannot but feel that
here is a man who is constantly cryS-
tallizing, In his own mind many of the
unsurveyed fields of business.
Witness his statement just before
leaving for the reparations conference
in Paris that the fixing of the bank
rate is a moral question" How many
business men ever thought of the bank
rate in that light?
The new bank of international set
Elements proposed by the reparations ex-
pert6, largely the creation of Owen D.
Young, will probably be the model of q
new worldwide economic machinery.
This tall, dark, Swarthy- -compleXioned
business man, who always seems to be
unrushed, believes that the worlds en-
tire economic and financial system is
going to stand only as it supplies the
worlds needs. He believes that human
ity in every nation has a right to de-
mand a system which will supply these
needs. And it is only because of the
lack of ability or lack of organization
that such needs remain unsupplied.
You cannot build a turbine in a
blacksmith shop" says Mr.. Young. at
must be In more expert hands. So
with modern civilization-it needs eff
cient tools to do the work that must be
done to keep the machinery of civiliza-
ton moving. Why should the people
IN one part Of the world be starving
while wheat is Cutting the elevators Of
the Middle West?" asks Mr., Young.
Something is wrong here We must
devise ways to move that wheat to the
places where it is needed"
And SO with everything else.
THE bank of international settle
ments has been greatly needed since the
war" says Able Sir Joshua Stamp, chief
of the British experts. Natural co..
issue and the international markets Is
a thing the world must have If our
civilization is to remain secure"
But when all is said and done, it
again comes back to the question of
leadership. Who will head the new
bank? There are many who believe that
at the proper time Calvin Coolidge will
be given the opportunity of service in
this international field.
The United States Government off,
cially took a hand in the American
French film controversy as early as two
months ago.
Secretary of State Stimson says the
Department of State sent a letter last
March to practically all important Eu-
ropean countries urging that restrictions
In Europe against American films be
lifted.
France, the storm center where the
ban is the most severe, now has an ar
rangement whereby one French film
must be purchased by American COM
panles Tor every seven American films
sold in France. The new French law
Will change this to one in four
"The freest exchange of films is what
is needed" says Secretary of State
Stimson. THE motion picture industry
1ns this country has always been most
friendly and helpful in the importation
OF good foreign films, and the hope was
therefore expressed that appropriate
steps might be taken by France to re-
move the restrictive regulations, which
not only jeopardize American invest
ments, but hinder the international de-
velopment of the film industry"
So far the French government has
reached no decision in the matter. The
motion picture industry has its own
representatives negotiating at the mo-
ment with the French, both with the
government and with the French ex-
hibitors, but no word in the last few
days has been issued to the public.
The Importance of the matter lies in
the fact that while the total film busi-
ness In France is small when considered
In connection with the whole American
Aim sales, the business in countries
speaking Spanish being much more i'm
portant, for example. yet If such a
ruling as the new Al French quota is
allowed without serious protest it is felt
that other nations, too, might establish
the same arrangement in order to helm
their own film industries. In reality the
French motion picture patrons will paw
the increased bill resulting from such
restricted legislation.
Think Of giving away $144.1se 600 in
l5 years! That is what the Rockefeller
Foundation, since May %. 1913. has
given away of its income and principal
says Or. George e. Vincent, its dynamic
president.
AS in the past, the work for 1923 has
divided itself into three classes. First
promoting the development of medical
knowledge by aiding schools of medi-
cine. nursing and hygiene in many
parts OF the World: second, public
health activities, helping governments
fight certain diseases and strengthen
their local health services third, en-
dowing oItStandinglTnen and women to
enable them to carry on additional
studies, chiefly in countries outside
their work. Eight hundred scholarships
Of this character were given out during
1923.
Up to the end of lest year fellow
ships had been granted tn 3l87 men
and women of So different countries
OF this numb"r 1888 purr,,ed their
studies in countries other thon their
own. A real contribution to interna-
ticnalism!
just one fact to show the intcrna-
tioral character of this institution
During the year 1923 the foundation
gave out nearly two million dollars a
month. Twelve millions Of this was
given outrtght as an endowment fund
for the new China Medical Poald in
Peking.
Ard John n. Pockefeller. sr. nearly
90, lives IN the lengthening shadows.
WORKING for an, IS IN golf Just as hard
as he did for his millions.
Copyright, 1929. bv North American News
paper AlIianceD