Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-03-05

"STRELLA DE PANAMA, Panama,
- Central America.-In 1929, the
people of the United States spent
IL more than $4,000 900 for hair
tonicS, which indicates that the
| country cannot be in very deplorable
| state financially. 1t also proves that the
U. S. A. is land of many optimistS,
when they still have faith in such ex-
| pedients, and are willing to support
their Authorizations with their money.
| However, the sums spent in hopes of
restoring the teguments TO barren era
| NUNS are infinitesinnal compared with
the total In excess of 100000 ex-
pended by women for cosmetics, per-
fumes and manicure sets.
y x ~
Not Bank Of u. S."
But potash and PerImutter's" Bank.
Daily Mail, London.-Let's get this
straight. Despite its high-sounding title,
| the unfortunate Bank of United
States" is simply the bank par excel
lence of the ladies cloak and suit
| trade" of New York City. In other
words, it Is Potash and Perlmutter's"
bank.
About so per cent Of the ready-to-
States are made in a small district in
New York City, bounded by Seventh and
Ninth avenues, the Times Square and
| the Pennsylvania Railroad Station.
When, few years ago, the Fifth ave-
| nue. shops protested vehemently against
the presence of the industry on their
thorougflfare, the whole industry moved
en- nasse into this new garment dis
trict" Here, jammed together on 1872
acres, are buildings from Is to 20 stories
high, packed to the doors with large
and small contractors and their 1000
employees, mostly foreign-born.
The Bank Of United States helped in
directly to finance these buildings-it
appears to be heavily involved in New
York real estate-and 1t also finances
directly these thousands Of contractors
whose note, though enjoying a recog-
nized value in the trade, are not good
enough for rediscounting at the great
Federal Reserve Bank
Furthermore, the depositors at its SO
branches are largely recruited from the
garment workers.
This is the fourth largest industry in
the United States-judged by the value
of output-but 1t Is also the most an
archistic and competitive.
The proposed merger Of this highly
specialized bank with three others
when this fell through the garment
workers, swarming on Thirty-sixth
street for their lunch-time stroll, de-
cided, perhaps correctly, that something
must be wrong. With patience New
York should be able to tide things over.
Dealers Protest Tax
Sending Tobacco Prices Soaring.
Cologne Gazette-Tobacco prices have
mounted excessively in recent years, due
to the increase in government taxes,
and dealers and manufacturers are now
getting up petitions for official relief.
It has been shown in the past, they
aver, that the addition of heavy excuses
upon smokers supplies has inevitably
failed of the benefits to the national ex-
chequer intended. Consumption always
falls of, and the government, instead
of collecting more money, gets less, and
the same results are noticed with re-
spect to increased tariffs on tobacco
nists' goods coming from abroad.
1t appears that men who could never
discontinue the use of the weed under
any other circumstances are quite equal
to self-denial when their pocketbooks
are affected, and in this particular, at
least, the avidity of the state f1nanciers
has not been without its advantages to
individuals who are better OF physically
when they eschew the weed. Heavy i'm
posts have augmented smuggling from
adjacent countries, and further de-
creased the en1oluments Of the German
industry, which In the year 1880 alone
have declined approximately lao marks
per hundredweight.
X X
Lewis Novel Gives
Latin Americans NewaCOnception.
Ell Mercurio. Santiago. IS panish
America Is well acquainted with Mr..
Sinclair Lewis, who won the Nobel prize
for literature. Several of his books
Enx .hno, lat Int =