davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15

(1SO prs.) Mems Fancy Rayon
Socks and Plain Isle Socks.
Sizes 91a to 111s. Origi- H.
nally Csc. Friday only. A~~
(25) Mems SEARCHED Collar
attached Shirts, sizes IA and II.
Originally $195. Fri CT 10
day only ............
1897 Mems White BrOadcIOth
Shirts, sizes IA, 16 to II. or
Were $1.55. Friday only. 0OS
(20) Mems Plain cOlOred Shirts,
collar attached styles. Sizes IA, 16
to II. Were $1.29. Fri EQo
day only ...............
(I7) Mems DuOfOId and VIM
sted Shirts and Drawers, sizes As
to so. Origi n ally
$3.50 and 1925. Fri CT 90
day only ......... %AsO~
(I2) Carriers and Winsted Wool
Union Suits, sizes "a, SO, as, 48.
Originally $3.50 to SIS. 90 co
Friday only ........ YAsO~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15
Hats Unusually Lou
Priced!

(75) SOIieI and Velvet Hats, in
good assortment, colors; smart
shapes with self trimming or or
naments; originally 60 20
SIS and $3.50. Friday %N'OV
(75) Hats, originally Ct 20
SIS. Friday only. -. " A'O~
SECOND FLOOR.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15
Csc Percale Prints
18c yard

great special purchase of 5000 yards enables us tn
sell these fine percae prints this low price! Choice
selection OF pattens-in both dark and light coIors IS
inches wide-guaranteed color fast.
FLOOR.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15
Odds and Ends of
CorsetLetteS and
GirdLeSl

1857 COrsetIettes and Narrow
Girdles, were 66c and $3.50.
Friday AO~ and CO.
only. .........
(4O) COrsetlettes, without belts,
but swami brassieres; also lone
line lace brasSieres; were S1.66
and $2.56. Friday only
$1.49 and $1.89
(I8) Corsetlettes and Girdles,
with firm inner belts and bras
sieres. The girdles, semi-step-in
styles. Were $2.79 CT 90
and $2.97. Friday only Y Leo
THIRD FLOOR.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15
SG0e "a to IL on
DinnerI,0re and
GT0ssyS,0re

Glassware
$3.50 pcs.) Discontinued Din
nerware and Glassware. Origi-
nslly lSc to 81. 1Oc to Soc
GO pcs.) Separate mps,
Bases and Lamp Shades. Origt-
nally $4.95 to SO. Friday only
sos to $4.95
Sixth FLOOR
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15
Dress Formerly $1O.95
$Q.25

One Of a style-and sizes for misses, women
and a few for little women. Dresses for gen.
eraI DAYTIME wear-with all-over eyelet em-
broidery, color contrasts, tunics and novelty
button trim.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15
Only "a $2.95 Values
Girls 2-Pc.
Dresses
$3.50

Fine school frocksl All
wool jersey, and tweeds, in
red, navy, tan, blue, a n d
green; 2 to 10.
FOURTH FLOOR.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15

~ Velour Evening Wrap,
red; with shirred collar Of
self material: size 16. Orig
ina lily $3.50. 600 IN
Friday only. %HO"OV
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-01-15

Broken sizes and coIors
of full-fashioned and other
long-wearing silk hose!
(l42 prs.) Wool Hose, orig
inally 85c and 81. Friday only,
pair = 13c; 2 prs Csc
STREET FLOOR.
The Washington times., 1931-06-17
VGLOr in War Gets
Citations For TLUO

Award of citations for gal
lantry to Joseph Paldo. of Chi
cago, and Jacob B. Kyle. CT
JohnStown, Pa, for bravery in
the world war. was announced
yesterday by the War Depart
ment.
The Washington times., 1931-06-17
Buildings Damaged
I: By Bombs in Italy

! TURIN, Italy. June II GN.SJ.
Investigation was being made to-
day into three bombings in locali-
ties near Turin last night. Sev-
eral buildings were damaged
slightly.
The Washington times., 1931-06-17
Much To His Distress,
Goat Learns Not to
. Butt BeehiueS

ATLANTA. June 17.-From
Dalton, Ga, Games the follow
ing story:
Until recently, little Joe Cay.
lor, residing two miles north Of
Dalton, was the proud poSseSSor
of a goat which answered to the
somewhat unoriginal name of
Billy.
While grazing near some bee.
hives some of the busy insects
doubtless mistaking the pervad-
ing odor for some noxiouS weed,
suggested the departure Of the
goat with a Stinging urge. Billy
resented this treatment and pro
ceeded to ram the hive.
War was instantly declared.
William relied upon his head
and each bee depended on its
opposite extremity. 1t resolved
itself into a question of heads
or tails" When hostilities
ceased, tails" had won, and the
victim reSembled a somewhat
irregular and more or less ami
mated barrel more than his for
mer self.
The Washington times., 1931-06-17
HEARST 8 PLAN
NO BE ADOPTED,
+ SAYSCOLL|NS
House Committeeman Predicts
Congress Will Authorize Huge
Federal Building Program

Congress win answer President
Hoover's Indianapolis address by
passing legislation authorizing a
gigantic public building program
rs proposed by William Randolph
. II arst, Representative Collins
skD0 of Mississippi, member OF
The House Appropriations Com
mittee, predicted yesterday.
!. There will be a bold attempt
ut the next session Of Congress
! TO revise the tariff downward
and there will be proposals di-
fecting the Interstate Commerce
Commission to lower railroad
! freight rates, instead of increaS-
ing them as requested by the car
tiers, Representative Collins be-
aieveS.
Z, Hoover Speech Criticized
:: President Hoover in his ad-
stiress to Republican editors of
/ indiana offered nothing con-
structive for lifting the nation
:0ut of depression, the MisSisSip-
pian declared, adding:
81 I'm effect the President said
1--we have a great country and
Z; the American people eventually
will pull themselves out Of the
s depression as they have in pre-
{. ViOus times of poor business.
I: "What the country expected
- Of the President was some con-
7 structive suggestions, some plan
= for action to remedy conditions.
I. All he said was that the people
3; through their own initiative
would find a way out.
X Mr.. Hearst Points Way
q 81 believe that when Con-
a greSS cOnveneS there will be
Y action. There is a lot the
81 Government can do to help
;, conditions. Mr.. Hearst, in his
a.Fecent radio address, pointed
out one way Of improving
u general conditions, large
! prosperity loan for construction
5s0f public wOrks-river and har-
Dor improvement, new buildings,
roads and other needed i'm
/: provements."
:. AS William Randolph Hearst
says, the spending of SIS ,000. .00O, 900
by the Government would un-
.doubtedly Immediately set the
machinery in motion for the res,
storation of prosperity.
If such plan is approved by
sthe Congress, provisions should be
made to carry on the proposed
work at once, and not delay the
new projects.
|. Put the unskilled laborer to
work and the skilled mechanic
viii get employment. This class
AiSposes of its earnings for the
necessities of life for themselves
and families, which means more
for the farmer through the
butcher and the grocer. and in
creaSes employment in the manu-
1acturing plants that supply the
clothing. shoes. etc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
AMERICAN BEDDING
LEASES BUILDING
Company Will Remodel Structure
ct Fourth and Bryant
Streets.

Lease by the American Bedding Com
pany Of q warehouse and factory build
Ing ct Fourth and Bryant streets north
east, for period of years, was reported
this week. The building, which viii be
remodeled, was leased by Carl @. Ro-
sinski, realtor, for Light g. Rhodes,
trustees.
Abe Krupsaw, president Of the Amer
lean Bedding Co., was formerly with
the Eagle Bedding Co. Of this city for
Is years. J. L. Krupsaw Is associated
with him in business. The new quar-
tiers Of the company has 5000 square
feet Of floor space.
L. Prank e. Co., dealers In women's
and misses apparel. have taken q Is
year lease on the fiye-story brick build
ing recently vacated by Berberich's, II
was announced at Mr.. Rpeinski's ONCE.
The rental consideration was not d.
vllged.
The business property has 3 'front.'
age Of IS feet on r street, and has an
assessed valuation Of 9400. 900. It was
leased for the estate Of Henry Strong.
the original builder. II viii be occu-
pied by the Frank concern after ade-
quate alterations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22

awarded to William B. Magruder Of
Al22 Thirteenth place northeast. Ernest
w. Hunter Of 1908 Michigan avenue
northeast won second prize, while Miss
Mary oebhart OF 4o17 Thirteenth street
northeast was third.
Cornelius sullivan Of 1898 Randolph
street northeast was awarded first prize
In the semi detached type group. Charles
A. Petersen Of 402l Thirteenth street
northeast was second and John J.. Nc
Cam OF 4i07 Thirteenth place north
east was third.
The group home section was won BY
Jacob Iseli Of 4140 Thirteenth place
northeast. Charles e. West Of 4o1g
Thirteenth street northeast was second
and John Callahan Of 4l02 Thirteenth
street northeast took third prize money.
Judges in the contest were John II.
Burton, 8. T. Rodman and w. q. Watts.
Following inspections Of the lawns and
gardens the judges and contestants met
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
BUILDING COSTS
INCREASE IN JULY
So Per Cent lump Over
June Reported in 1913
Cities.

An increase Of SO per cent In the es-
timated cost Of buildings for which per-
mits were issued during the month Of
July in 33S cities having q population
Of $4,000 or over, Is compared with
June, was reported today by the Bureau
Of Labor statistics Of the Department
Of Labor. The customary trend in build
ing activity for these two months Il
downward, the bureau observes.
The report shows that there was q
decrease Of IT'S per cent In the esti-
mated cost OF new residential buildings,
but an increase Of ass per cent in the
estimated cost Of new Yon-residentaal
buildings, comparing permits issued
during these two months.
1914 Homes Provided.
Permits issued for all building opera
tons in these cities during July total
$110,9l4.195. Dwelling units were pro-
vided for T,044 families In the new
buildings, for which permits were Is
sued during the month.
Comparing permits issued in 2se iden-
tical cities during July. 1881, and July,
cent In total construction: q decrease
Of 3S3 per cent In the estimated cost
Of new residential buildings and de-
crease Of 33.1 per cent in new non
residential buildings. The number Of
family dwelling units provided decreased
28.3 per cent.
Permits Are Listed.
Permits were issued during July. 1891,
for the following important building
projects In New Haven, Conn, for q
divinity school to cost 81. SOC, 900; in
Providence, r. l., for o second section
OF the Providence County court house,
to cost nearly 81 300. 900: In Elisabeth,
N. j., for q court house and jail TO cost
nearly 81 SOC, 900; in Philadelphia, Pa.
for a new railroad station and ONCE
building, to cost 10000, 900; In Pitts
burgh, Pa, for an Office building, to cost
81, $50, 900; In Evanston, Ill, for Q public
library, to cost 81 ,l00, 900; in Baltimore,
Md, for public library, TO cost 81, 225,-
600: In Huntington, w. Va. q contract
was let by the United States Veterans
Bureau for q hospital to cost over $780,
900. The supervising architect Of the
Treasury Department awarded q con-
tract for Q post once and Federal court
house IN Louisville, KY, to cost over
81 500, 600; for q Federal ONCE building
in Seattle, wash, TO cost 81 500, 900 and
for pest ONCE In Fort Worth, Tex TO
cost $l,100,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22

In edition to Gossen, fke
'ouo1ing Washington home
builders install and recon-
mend Bryant Automatic Gas
Heat:
Cafrity Construction Co.
Cooley Bros.
c. w. Morris s. Son
Boss s., Phelps
D. J. Dnnigon, Inc.
J. F. Fox
Federal Construction Co.
B. II. GrHVer
Nm. Il. Hal Co.
Fred Schnidsr
Thomas 4. Jameson
Randolph L. Jennings
". c. 6 4. ". Miller
KeHnedy-Chdmberlin Co.
Waple s. James, Inc.
M. & r. B. Warren
WdUcrly Taylor, Inc.
Charles L. IGHkersley
Edacurd M. Wills, J.
c. M. WILCOX
Earl Warren
P. H. Willis Realty Co.
John B. Tifsy
Young s. Obpcnhsimer
Edison ". Briggs, Inc.
Frederick B. Mills
Bysaninger & PhTer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
WINNERS OF GARDEN
| PRIZES ANNOUNCED
Brookland Developer Awards $500
to Three Groups Of
Home Owners.

Cash prizes totaling $500 were awarded
to winners in three groups Of home
owners In the Brooklyn subdivision Of
Charles M. Wallingsford, real estate
dealer. for the best lawns and gardens
In the section. The contest, which Is
an annual affair, was concluded re-
Gently.
First prize in the corner group was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
CAFE BEING REMoDELED


1emodeling work was started xhlI
week at the wallis Cafe. ei7 Twelfth
street. which win cost approximately
$1,000. The plans call for installation
OF new equipment and furnishings and
complete redecuration.
The improvements, which are being
done BY n. p. Whitty Co., Inc, con-
tractors, win include installation Of
mirror effects in place Of panels on the
interior. A self-eervice cafeteria counter
also is being installed. The alterations
viii necessitate IN interruption In busi-
ness until October !, according to Ned
Wallis. proprietor.
Plans for the alterations were drawn
BY G. 8. James. local designer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
RESTAURANT MOVES
Harvsy's Now Occupies Place at
IlO7 Connecticut Avenue.

1l07 Connecticut Avenue.
Following extensive improvements.
Harveys Restaurant, which for - years
occupied building ct Eleventh street
and Pennsylvania avenue, recently
moved into new quarters at hot Con-
necticut avenue. The building was ac-
Quired under . long-term lease from
Douglas Z Bullock, owner. Evacuation
Of the Pennsylvania avenue property
was made necessary through the Fed
eral buildings program.
The remodeling work, which was
done by the Maiatico Construction Co.
Of this city, included completely equip
ping the, three floors Of the Connecticut
avenue structure for restaurant pur-
poses. Construction work, not includ-
ing equipment, cost in excess Of $4,000,
according TO Julius Lulley, one Of the
owners.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22
REALTY DATA GIVEN
Bulletin Service Inaugurated By
Some Of Divisions.

Timely topics covering the many
subjects In which realtors are inter-
ested are included in the FIRST issues Of
the new bulletin service tnaugurated
last month by some Of the divisions Of
the National Association Of Real Estate
Boards. New and authoritative data on
sales, finance, architecture, farm lands
and property MANAGEMENT have been
received by the realtor division men,
hers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22

Ferdinand Connomb, arrested for
leaving his automobile standing In
front OF the Hampstead, England, regis
ter's ONCE, told the judge he did so
to perform his duty as q father in
registering the birth Of child, and the
nudge freed him
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22

at the home Of Mr.. and Mrs.. G. H.
Evans, ct 40OI Thirteenth street north
east, where the prizes were awarded.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-08-22

imagine o gfx.fOoFn
house with o genuine
maple-f loored ballroom,
lounge room. living room
with French tudor gen
uine wood burning fire.
place, kitchen with p
foot sink In color with
chron1ard fittings, $500
built-in kitchen cabinet,
built-in General Electric
refrigerator, an ideal
kitchen complete even
to the @. e. electric
clock, . Faience tile
bathroom with five
standard sanitary fix.
lures in orchid or blue
or your choice Of cclors
including o built-in van,
ity table, with triple
swinging mirror. chro
mard fittings through
out. modernistic cabinet
with Venetian art glass
mirror. tub alcove,
double oak floors
throughout. in 8 ulated
roof. gas furnace, two
car heated garage. extra
large windows. your
choice Of modernistic or
colonial antique brass
lighting fixtures. q loca-
ton high above Rock
Greek, and 90 other fea-
lures you must see for
yourself.
The Washington times., 1931-04-14
LINCOLN
LA SALE

-
LASALLE-5-pass. Iandau-sedan, with new
motor and new tires: looks and runs
like new: perfect in every respect: 6O-day
guarantee, $3.50.
ROBERT HERSoN'S AUTO EXCHANGE.
100 Florida Ave. N. e.
The Washington times., 1931-04-14
HUDSON
HUPMOBILE

HUDSON 1926 CoACH-$76 cash. 624
Md. Ave. S. w.
The Washington times., 1931-04-14

4-Cylinder Kernath.
Well taken care of. In good condition.
buyer, $500. Owner has replaced with
larger motor. Phone Gle. 1922, between
8 30 and q 80 o. M.
The Washington times., 1931-04-14
FURNISHED ROOMS

4 PLEASANT PLACE TO STAY.
THE WESTMINSTER. 1907 18th st. N. W
Lovely rooms each with bath or running
water: elevator service. beautiful parlor;
tranSients accommodated: 81 up weekly
BELMONT ST. N. W., 1880, Apt. a.
TIesfi. Mght room, next to bath. mr.. 14th
81, ears: modern Improvements.
q sT- s. E.. I29-Niceiy furnished rooms
SoF l.h.k.i a.ml.S reas.
The Washington times., 1931-04-14
REQ
WHIPPED

WHIPPET 5-PASS., 4-DOoR SEDAN
1890, driven only 5000 miles; looks
and runs like new model. $376.
LUSTINE-NICHOLSON MOTOR CO.
Hyattsyille Md Hyatts 1920
The Washington times., 1931-04-14
Rentals
ROOM AND ROARn

ROOM AND BOARD 81
a ST. S. E, 400, mr.. Congressional Library
Double room for 2 gentlemen, Southern
cooking. home style. Phone AT. 2246.
BOARDING HOUSE that is home. Home
cooked & served meals. Only in room.
None but refined Americans need apply.
MRS. EDWARDS. 1924 11th St. N. w.
FAIRMONT ST. N w. 1354-Prvt home.
street car and bus service. col. 8033-J
LANIER PL. N W. I746-CIean rms. M
L. splendid table board S35 mo. AD. 1850
3. l. AVE. NV. 1443-Lovely room. twin
beds. excel. meals. 50 week each: also
front rn. TO share with young man. 50 Wk.
ROOM and board for sober american
white gentleman. middle age, only $15
9 week; Inquire at Mrs. S. E. Kimball's.
THE MANCHESTER 1926 NJ st, N. W.
Attractive rooms. private bath phone,
maid service: good meals: reasonable rates:
THE ROSE INN. 1909 18th st. N. W
Delicious home-cooked meals; breakfasts
and dinners at reas. prices. DEC. 0891
6TH ST. N. e.. 816-Nice rm.. good home
cooking 3 meals. $35 mo. Ii. 4944.M
18TH n. W 3423-Cozy rm. on beautiful
f6th St. for young person; home priys;:
best meals: free phone; reas. AD. sg92
22D ST NV 8O2-AttractIve rms: with
board home cooking. S43 mo. WE. 0383
The Washington times., 1931-04-14

HUPMoBILE 1929 Straight 8, 5-Passen-
spare wheels and tires mounted in fender
wells. and trunk on rear. 5000 90
WAKEFIELD MOTOR CO.. Terms.
1130 Conn. Ave N W. Decatur 3110.
The Washington times., 1931-04-14

Am IN IMMEDIATE NEED of quantity
of good substantial cFed furniture. Can
pay cash Metropolitan 3O6I
The Washington times., 1931-04-14

CALL DOUGLAS-ME. 1873
buy everything-Antques and modern
furniture, stocks of mdse., automobiles, etc.
The Washington times., 1931-04-14
Real Estate
HOUSES AND ESTATES FOR
SALE-D. G. 81
A NEW WARDMAN DEVELOPMENT
04O0 block 9th N. W. District 1890
SPECIAL BARGAIN
New Buick Home

An inspection of this prop
erty will prove to you that it
is an outstanding value on to-
days market. Situated in a
restricted northwest section,
on a paved street, a colonial
home, large concrete front
porch, living room. dining
room, kitchen, sun parlor
downstairs, and 4 bedrooms on
the second floor, built-in bath,
with shower; hardwood floors,
big cedar closets and natural
wood trim. Electrical refriger.
alton also included. Splendid
lot, 140 feet deep, with ga
rage; paved alley. Reason
s able terms.
VIM. M. ThrOckmOrtOm
2OS INVESTMENT BLDG.
DISTRICT 6O93.
The Washington times., 1931-04-14
NASR

NASH Cabriolet 1928. beautiful two-tone
rumble seat Job for only 1915; terms.
$3.50 down. a year to pay.
POHANKA SERVICE
1126 goth st. N. w North O347
The Washington times., 1931-04-14
Automobiles
AUTOMOBILES FOR SALE
A SAFE PLACE TO BUY
USED CARS

"A SAFE PLACE TO BUY
USED CARS.
The LOW PRICES NOW IN GOOD
USED CARS are astounding. There
are many big reasons, too numerous
TO mention. why owners are forced to
sell their cars for cash.
Cutting down expenses. meeting
unusual obligations or the so-called
depression has been the cause of
thousands of purchasers getting un-
l am constantly buying used cars
Tor cash, and the low prices | offer
@ IN resale Lear are tt astonishing & 1t Is we'll
chrsseE lss snd gf5 ny oPpe PEse' beautiful canary
Chrysler 80 Coupe rumble seat, all
chPEseT PsGE E9gy sfspe very sasss sSsnpv
beautiful chocolate brown. trimmed in
orange. new tires: excellent shape.
1929 Studebaker President 49," beautiful
1929 Studebaker Dictator Coach very good
Dodge Wet Victory SsS. s" 4dooF ora SEDAN. leather
upholstery and a dandy.
1896, Ford Sport Roadster. a snappy gray
color, chromium nickel radiator grill.
top boot, rumble seat.
1890 Ford Sport Coupe. looks new.
1890 Ford Phaeton, very good looking.
1929 Ford Station Wagon. excellent shape.
1929 Plymouth Roadster, good one.
1928 Chevrolet Coupe very good.
1929 Essex Coach. very clean.
1927 Pontiac CabTiolet. new tires, looks
1888 od add coupe @ Tey sepd Rood
ALSO OTHERS TO SELECT FROM.
BILL COUNSELMAN,
2O15 18th ST. N. w.
The Washington times., 1931-04-14
DURANT

DURANT De Luxe Coupe, late 1880. ex-
cellent condition. $575. 645 Md. Ave.
N. q. Lincoln 017S.
The Washington times., 1931-04-14
FINISHED APARTMENT On Upper 18th Street can Be Rented for sos Per Month
Automobiles (135)
PEERLESS

PEERLESS Convertible Coupe. with rum
BILE seat. five new tires and disc wheels:
pearance and mechanically perfect. Win
sacrifice for $3.50. Robt. Herson Auto
100 Florida Ave. N. Z.
The Washington times., 1931-04-14
CLOTHING
Want - Miscellaneous

TNC4LLED-for Suits. SI6. and topcoati
Horn The Tailor 500 l4th ST n W.
The Washington times., 1931-04-14
LOTS FOR SALE
FOR SALE OR EXCHANGE

18th ST. S. E.. 9l3-S10,750. large stort
& ar. and b. apt. Inq. COG Pa. Ave. s e
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-19
BRITISH SUSPENSION OF GOLD
STANDARD HELD UNNECESSARY

NEW YORK, November 19.-The coll
lapse Of the gold standard in Eng
land was absolutely" unnecessary and
could have been averted by increases
in the Bank Of England's discount
rate, DR.. Benjamin M. Anderson, IT,,
economist of the Chase National Bank,
asserted in the banks current eco
nomic bulletin.
Britain's lapse from gold was "the
product of a prolonged violation of
gold standard rules" DR.. Anderson held,
for she undertook to carry through
in recent years "a cheap money policy,
not justified by her gold position or
by the liquidity of her general assets"
Had the bank rate been raised to
8 per cent when the Bank of England
got its first credit from the Federal
Reserve and the Bank Of France, or
to 8 per cent when the second credit
was obtained from American and
French money markets England would
today be on the gold standard" DR..
Anderson said.
Shock to Europe.
DR.. Anderson explained that Eng
lands lapse from gold came as a shock
to continental Europe, causing fears
for the gold standard in both France
and the United States. He pointed to
the extraordinary strength of the
American gold position, indicating that
october 81 our stock Of monetary gold
was $4,291 ,000, 900 and our total paper
currency in circulation was $4,731, 00O,-
600, making a ratio Of gold of more
than 80 per cent.
Our Federal Reserve system, he said,
"can pay out far more gold than for
eign countries are In q position to
demand and still have an adequate re-
serve of lending power.
THE calm incredulity with which the
Federal Reserve system, the American
banks and the American people met the
fears of frightened foreigners regard
ing the safety of the gold standard in
the United States is an impressive
thing. We made no protest as foreign-
ers called for gold-we simply paid
them"
Although currency boarding in the
United States Is said to have reached q
billion-dollar total, this total, in DR..
AnderSon'S opinion, represents "a de-