Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-11-18
FRANCE NAY LEND
BILLION TO BRITAIN
Paris Government Has Rolled
Up Short-Time Loans
of Huge Size.
BY JOHN F. SINCLAIR.


BY JOHN F. SINCLAIR.
Special Dispatch to The STAR.
NEW YORK, November 1S.-France
has perhaps $4,000, 10000 short-time
credits, well placed in Great Britain,
United States and Germany. Short
time loans-mark you!
Is France about to loan Great Britain
81 ,000, 100000 to enable the British to
get by2 If true, 1t will not surprise
economic students who have been fol-
lowing Frances mastery financial
course over the last five years.
In London France has short time
credits aggregating $500, 100000 to
$500, 000, 900. Today these credits are
O source OF anxiety and weakness to
British credit. Should France with
draw these credits 1t would seriously
embarrass Great Britain. So a loan, II
agreed upon, will be used In part to
take up Frances short-time credits in
Great Britain and other parts Of the
world.
Since the war France has managed
her finances aStutely. She stabilized
her franc-formerly worth about 10
centS--at 3.9 cents, set her people to
work and built up these short-time
credits abroad.
The banking policy Of France CEN
tered on ptling up gold reserve, and
today she has the second largest reserve
IN the world-more than half as much
If France loans Great Britain 81 ,OO0,-
100000 1t viii be the first time in his
tory!
Need for New Buying.
There are just as many people who
YIflcQffCHnd Nuu M oil
were year ago. But now they haven't
the money to satisfy these wants, says
-. Z. M, q New Jersey reader. Here Is
the gist Of his letter:
"A very large portion of the popula-
ton mas been producing without profit
on their labor and capital. Nay; they
have been spending their savings: ex-
hausting their capital by allowing their
buildings to go without needed repairs;
their fences, bitches, ETC., TO go down.
The food producers of the United
States have long been little better on
than poems excepting in the war
PERIOD due to tariff, freights, restricted
labor and Oriental competition--as
sugar, cocoanMt oil, etc.
After the war, farmers got the idea
prosperity had come TO stay, and so
bought right and left-flrst out of war
profits; then on credit. But to pay
now, they must exhaust capital or work
as slayes-produce at a loss. Start the
farmers to buying and see how quick
prosperity will return
That Is true, but how to do 1t in q
way acceptable to a majority Of the
people-that's the rub!
Married Women in Industry.
A Miami business man was quoted in
these columns the other day to the
effect that all married women who did
not need positions and were supported
by their husbands should RESIGN and
make way for deserving people who
badly needed the positions. The sug-
gestlon has been received with some
States.
Here is sample from H. w. in Cali
fornia:
IAN respect to the married woman
who works for q living, If conditions
demand that che work in shop or store
But for thousands of women to work
ior the sake Of being able to dress in
silks and bedeck their fingers with dia-
monds, keeping two autos, which. after
all, are not paid for, and so creating
envy In the hearts of those who are not
able TO get work-that is doing great
narm and has made thieves out of rnanv
VINO otherwise would be useful and law
abiding men and women.
so It's up to the business man-the
employer himself-to change things by
giving employment only to those need
ing It and not to those who are only
taking the daily bread away from hum
cry children whose parents are unable
70 secure work You know what han
pens when people are hungry and In
despair-they will resort to ANYTHING. %
James j. Davis, Secretary of Labor.
newly elected United States Senator
from pennsylvania, recently said that
tO,OOO,OOO women are. now gainfully
employed IN the United States
One writer to this column from
Washington gives his opinion that
100000 out Of these 10000 900 women
nave husbands, also working, or are
daughters Of well-to-do parents able TO
support them.
III their places were given 10 those
now without work, unemployment In
tins country would be practically dis
1t might not entirely meet the prob
lem, as there are, according to the lat
est ngures, $780, 900 people out Of work,
but 1t would 60 long ways.
Other Comments.
Here's another letter from the West
Coast:
1T is my firm belief that no con-
Germ, no matter how large or small,
should employ married women, unless
under extenuating circumstances. OF
course, this percentage is very small
believe. Let the married women who
are compelled TO work continue, but
let the married women who are work.
ing just to keep up a certain standard
be ousted from the pay rolls.
Il think you will agree that II all
the married women working-about 8
to 10 per cent on the average of the
people now employed-were replaced
there would be brought about an eco
nomic readjustment and at the same
time pave the way to prosperity"
| And here's another comment from
=. s. M. dealing with the same sub
ject:
Under present conditions, the sug-
gestion that married women, whose
husbands are making sufficient to take
care of them, should not be allowed
to work, Is good. However, under q
rational system of industry, there
would be work obtainable for every
man and woman who wants it. If you
doubt this read Looking Backward
by Edward Bellamy"
(Copyright. 1890. by North American News
paper Alliance.)