davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-08-29
Morgenthau's Speech
Increase of Six Billions in Public Debt Since March
4, 1888, Held Offset for Most Part by.
Increase in Assets.

called stabilization fund and for the
present we propose to keep it there
But I call your attention to the fact
that ultimately we expect this profit"
to flow back into the stream of our
other revenues and thereby reduce
the national debt.
We have, then, In effect, two cash
drawers in the Treasury-one con-
tanning our working balance, which is
81 600 900 900 larger than on March 4
of last year, and the other containing
81 300, ,000, 900 representing the prof
it, on devaluation. But in addition
to cash drawers, we also have a safe
And in that safe we have some very
valuable SecuritieS-SecuritieS con-
sisting of notes and other obligations
held by arious agencies in which the
Government has an interest.
Plans Monthly Statements.
A complete statement of the net
assets of this kind has never before
been published by the Government.
am giving out such a statement this
evening for publication in the news
papers. From now on I will do this
regularly once a month. I am doing
so in order that you can always have
access to an accurate, full and up-to-
date account of the financial position
Of our Government.
The assets / am now describing may
be classified in two groups. The first
group consists of assets of agencies
which are wholly owned by the Gov
ernment and wholly financed with
Government funds. In this group be-
long the Reconstruction Finance Cor
poration, the Public Works Admins
tration, the Export Import Banks and
a number of other agencies financed
entirely by the Government. Between
March 4 Of last year and June 80 of
this, the net increase in the assets
of these agencies amounted to $685.
100000.
What are these assets, and can we
rely on them to contribute in due
time to reduction of the national
debt? They consist for the most part
of such items as preferred bank stock
and capital notes, cash. investments
and other property, and loans made
to public and private borrowers.
In the Treasury we recognize, of
course. that it may later be necessary
to write off certain losses. But the
quality Of the collateral which Sc
cures the various loans; the good
credit of our State and local govern
ments; the record of private business
in meeting its obligations, all combine
to give assurance that the losses of
the National Government will not be
substantial.
Second Group Of Assets.
So much for the first group of
asSets-thoSe which will eventually be
available for reduction of the national
debt. There is also second group,
representing assets owned by agencies
which are in part financed by the
sale of their own obligations to the
public. In this group belong the
Federal Land Banks, the Home Loan
Banks and other similar agencies.
These assets have somewhat differ
ent status. They will not be avail
Evening star., 1934-08-29
STRIKE IS BLAMED
ON FOOD PLEDGE
InduStriaIiSt Says Even God
Did Not Promise Lack
of Hunger.
BY the Associated Press.

BY the Associated Press.
NASHVILLE, Tenn. August %
The very unfortunate official COM
mitment. No one shall go hungry in
this country" was attacked as one
of the causes of the proposed textile
strike in a statement last night from
John E. Edgerton, president Of the
Southern States Industrial Council.
Referring to the promise that none
should go hungry, Edgerton said that
'if 1t should be authoritatively an
nounced that the Government of the
United States is not going to flnancs
the strike by supplying suStenance to
the strikers. it will probably not last
for more than one week"
Cites Two Causes.
Except for two things" the state
ment asserted, this strike would have
never been considered" Edgerton
said one was the "one sided, wholly
partisan, unjust" section IA of the
national industrial recovery act and
the other was the commonly ac-
cepted. blank assurance that nobody
shall go hungry"
He declared that "even Gold Al
mighty, infinite in love, mercy and
justice, the eternal champion of all
human relief and the recognized
source in this country of everything
good, never promised anybody that he
should not suffer from hunger"
Quotes Bible.
The Deity, Edgerton continued,
warned us that whatsoever a man
soweth. that shall he also reap"
He did not say that man can SOW
idleneSS, violence, diStrust and hatred
and from this sowing reap eternally
higher wages, shorter hours and the
privilege of running the other fellows
business" the statement said.
Evening star., 1934-08-29

year." he explained, ito spend the
three billions which we're not spent in
the period from January to June, 1884,
plus the added provision for drought
relief.
Whether we shall actually spend
these three billions, as well as the ad-
ditional funds which the President
estimated would result in a deficit of
two billion dollars in the fiscal year
ending June 80, 1885, will depend upon
developments which cannot be fore
seen at this time"
But he said that even If the deficit
for the new year should reach five bill
lions, the combined deficit still would
be only eight billions.
Evening star., 1934-08-29
MORGENTHAU TALK
SEEN AS BOND AID.
Wall Street Is ReaSSured by
Gold Profit Use to
Cut Debt.
~ the Associated Press.

ny the Associated Press.
NEW YORK, August 29.-Secretary
Morgenthau's statement that the
Treasury expected to use the profit
from gold devaluation TO reduce the
public dept is regarded in Wall Street
circles as distinctly reassuring and
likely to bolster the Government bond
market
The opinion was expressed in bank
ing and investment quarters that 1t
should help the Treasury with its ST.
725 900 900 financing, due in the next
few weeks. The financial community
has been busy speculating aS to the
probable terms of the new Treasury
financing, to take care of S525 900 900
In IN per cent certificates maturing
September IS. and to pay off the ST.
2oo, 600, 900 of Fourth Liberties called
as Of october is.
S1,60O, ,OO0, 900 Cash Held.
The recent decline in Government
bonds, it was believed, had dashed
hopes of any extremely cheap flnanc-
ing on a long term basis at this time.
Nevertheless, it has been realized that
no particularly serious problem was
presented, since the Treasury had
some 81 SOC, 100000 In cash on hand.
Financial leaders expressed some
disappointment at Secretary Morgen-
thaus "vagueness." One prominent
banker, q critic of some of the Gov
ernment's monetary policies, said:
TO say we expect the $4,000, ,000,-
900 gold profit to be used to reduce
the Government debt is like saying we
expect to balance the budget"
Another commented that it was diff
ficult to draw any implications from
this for the more distant future, be-
cause there was no indication as to
where Government spending in excess
Of revenues would stop.
Bonds May Be Purchased.
1t was pointed out that if it is the
intention to keep the gold profit under
lock and key, rather than using the
stabilization fund, it may well indi-
cate that the Treasury now felt that
1t would not require its big stabiliza-
ton fund to protect the dollar in any
gigantic international contest in for
eign exchange.
On the other hand the Stabilization
fund may be used to buy U. S. Gov
ernment bonds and use of the gold
profit to reduce the Government debt,
1t was pointed out, might mean that
the Treasury would operate in the
Government bond market with the
stabilization fund, and eventually re-
tire its holdings of Government bonds
10 accumulated.
Evening star., 1934-08-29

Continued From First Page.)
n desperate fight to defend other
tanks and check the advancing flames
Damages in Millions.
Damage to the refining plant of the
National Oil Co was placed at 50, ,8O0,-
900. The first series Of shocks caused
nearly $4,000 damage in Campana
Of1cials of the company said they
did not know how the fire started
1t began in stills and crude tanks and
the use of fire fighting equipment
was impossible.
One theory was that excessive
pressure apparently cracked a still
cylinder, causing an explosion. Dis
tilling and refining plants which
handle 80 per cent of Argentina oil
appeared to be ruined
Pillaging was reported in Campana.
Shattered windows and cracked walls
were everywhere.
A witness said "the panicky pop
ulace scurried into the country as
though the world were ending amid
the weird reflections of the flames in
the sky overcast by smoke"
Evening star., 1934-08-29
SEA OF FLAMING
OIL ROLLS TOWARD
EVACUATED CITY

Continued From First Page.)
Evening star., 1934-08-29
D0UMERGUE FIGHTS
FRANC DEVALUATION
French Premier Calls Cabinet
Meeting Thursday to Lay
Down Budget Lines.
BY the Associated Press.

BY the Associated Press.
PARIS, August 29-Premier CASTOR
Doumergue came back from vaca-
ton today to tackle the problem of
keeping the franc at its present gold
parity in the face of a strong cam
paign to devaluate, as much of the
world has done.
Doumergue called a cabinet meet
ing Thursday to lay down broad lines
Of the 1885 budget, which again is
going to be one of compression.
despite the frank admission that it
will be titanic job.
Louis Germain Martin, minister of
finance, taking the offensive against
the drive to deflate the currency, said
IL would "only increase general dis
order"
Evening star., 1934-10-16

mrs. Herbert sparrow, g, has
rented her apartment at 1851 Crescent
place for the Winter to DR.. and Mrs.
clifford L. james. DR.. James is on
the faculty Of the Ohio State Uni.
yersity and d here with the Tariff
Commission.
Mrs. Sparrow win divide her time
Evening star., 1934-10-16
SOCIETY
Mrs. Roosevelt Hostess This Afternoon
to Small Company Of Diplomats
at Tea in White House.

! at Monrovia, Liberia, sailed from New
York today on the President Roose-
welt, which u bound for Cobb, Ply
mouth, Havre and Hamburg.
Mrs. Porter H. Dale Is in Atlantic
City, where she is staying at the
Chalfonte- -Haddon Hall. Mrs. Dale d
the widow OF Senator Porter n. Dale
Of Vermont and was president Of the
Congressional Club.
Miss Estelle r. Sullivan, daughter
Of Representative Christopher D. Sui
livan, has selected December ] for the
date Of her wedding to Mr.. Peter r.
Reilly, jr., son of Mr.. and Mrs. Peter
r. Reilly Of New jersey. Miss Sullivan
attended Marymount School.
retired. and Mrs. Sims win leave New
port the latter part Of the week for
Boston. Admiral Sims celebrated his
seventy-sixth birthday anniversary
yesterday.
Maj. Gen. and Mrs. John L.
Chamberlain are spending some time
in the Berkshire Hills, Mass.
The former Minister Of Costa Rica
to washington, Senor Guillermo
Gonzalez, and Sonora de Gonzalez,
are visiting Mrs. Alexander Coale
Columbus for fortnight. The Min
lister and Sonora de Gonzales have
many friends in Washington made
some years ago, when he represented
his government for some time.
Senior and Sonora de Gonzales win
be hosts at dinner this evening at
the Heigh-Ho Club entertaining In
compliment to their hostess and to-
morrow afternoon MIS-. Columbus win
entertain at . bridge party for Sonora
de Gonzales. Thursday afternoon
Mrs. Columbus will give Z cocktail
Evening star., 1934-10-16

Miss Elsa Louise Raner has re-
turned to her apartment at 1430 Bel
mont street northwest from . vaca-
Evening star., 1934-10-16

Hamaker and his bride will leave irn-
Fmediately after the ceremony by motor
for klamath Falls, Orcg- where Mr..
Hamaker u in business.
The mayor Of Leesbury. W, and
Mrs. Charles +. Harrison will give Z
ball In honor Of their dehutante daugh-
ter. Miss Janet FAunfleruy Harrison.
Harrison, ct Selma, near LeeGburg, on
the evening Of January 2.
The marriage Of 1Giss Fel.ss Mag
ruder Ahearn, daughter Of Mr.. and
Mrs. James c., Aheazn, TO Mr.. Ram
dolph Gilbert Brady son Of Mr.. Gilbert
B. Brady, win take place this evening
at 3 O'Clock, tn the Nativity Catholic
Church. A reception win follow the
ceremony In the home Of the brides
parents for the wedding party.
Mrs. James Q. Plling has rented her.
home at 2407 California street and u
spending the Winter at Blue Ridge
Summit, Pa.
Dr.. John Dickinson. Assistant Secre-
tary Of Commerce. had friends lunch-
ing with him yesterday ut the Carlton.
Mr.. Rufus Putnam, I'd, left yester-
day for Q two-week's visit to his
Summer home in Deal. N. J.
Mai. Myron P. Rudolph. o. s. A..
Medical Corps. and Mrs Rudolph OF
Fort Hays, Columbus, Ohio, are spend
ing several days in Warrington and
are at the Martinique.
Bishop and Mrs. q. A. Oldham Of
Albany, N. Y, are guests at the Dodge.
Miss Elsa Louise Raner has re-
turned to her apartment at 1880 Bel
Evening star., 1934-10-16

Bishop and Mrs. @. A. Oldham Of
Albany, N. Y, are guests at the Dodge
Evening star., 1934-10-16

n II RS. ROOSEVELT will enter
M tain . small company Of Dip
IV lomats at tea In the west
4 ' i hall, on the second foor OF
the White House this after
noon. The company will include the
Ambassador Of Germany, Herr Hans
Luther, and his daughter, Fraulein
Gertraud Luther, whose marriage to
Herr Gerrit Won Haefton, third secre-
tary Of the German Embassy, will
take place Saturday: the new Ambas-
sador of Brazil and Senhora de
Aranha, and the Minister Of Rumania,
Mr.. Charles A. Davila, who will pre-
sent Prince Georges Bibesco, president
Of the Federation Aeronautique Inter-
rationale, and Princess Bibesco. The
west hall on the second floor is used
as the family sitting room for the
Chief Executive and his family. and
1t is expected that the President will
join the little group during the tea
hour.
The President and Mrs. Roosevelt
have been joined by their daughter,
Mrs. Dali, who will remain at the
White House for several days.
This evening Mrs. Roosevelt, ac-
companied by Mrs. Henry Morgen-
thau. jr., will attend the dinner of
the Hadassah, which will be held at
the Shoreham. Mrs. Roosevelt and
Mrs. Morgenthau will arrive at 8:45
O'Clock and remain q few minutes.
Evening star., 1934-10-16

Hamaker will be married Saturday
afternoon, October ~, at 4 O'Clock in
the Falls Church Presbyterian Church
In the presence Of members of the two
families and intimate friends. Mr..
Evening star., 1934-10-16
party from I to Z o'clock IN hcnog
Of the visitors from Central America

party from I to Z o'clock IN honor
Of the visitors from Central America.
The assistant administrator to ths
administrator Of the Federal &mer-
gency Relief Administration and Mrs.
Emil Hurja entertained at dinner last
evening.
her daughter, Miss Bertha Cantacu-
xene. who have been ct the 6ulgrave
Club for . fortnight. have gone to
their home In Sarasota. Fla. where
they will be for some time. Mrs. Can
tacusene had with her at the Sui
grave Club her son-in-law and daugh-
ter, Mr.. and Mrs. John Hanbury-
Williams Of England, who win 60 to
New York today and sail later this
week for their English home. Mrs.
Hanbury-Williams was before her mar
riage Princess Ida Cantacuzene and
with her sister, Princess Bertha Can.
tacusene, was . debutante In wash
inston . few years ago. Mrs. Canta-
cuzene, who was Miss Julia Dent
Grant. granddaughter Of President U.
8. Grant, married Prince Michael
Cantacuzene OF Russia, and within the
week won back her United States
c1ttSenship, dropping the title. Mrs.
Cantacuzene and her daughter, Miss
Bertha Cantacuxene, are expected to
return to Washington for the Winter
season and have taken an apartment
at 2029 Connecticut avenue.
Miss Cline's Enlargement to
Mr.. HamAker Announced.
Mrs. Sheldon Scott Cline Of Falls
Church, Va, announces the engage
ment Of her daughter Mary Josephine
to Mr.. Kenton Darrell Hamaker, son
OF Mr.. and Mrs. Ernest L. Hamaker Of
Clarendon, Va. Miss Cline and Mr..
Evening star., 1934-10-16
M. and Mime. Neymann Hosts
To Members of Press TOnight.

The charge d'affaires of the Union
Of Soviet Socialist Republics and Mime.
Neymann will hold q showing of q
fllm Of the CheliuSkin artic exhibition
this evening at $50 o'clock for about
$50 newspaper correspondents.
Mrs. Frederick p. Hibbard, first
secretary to the United States Legation
Evening star., 1934-10-16

ton IN New jersey, where she was the
guest Of Capt. and Mrs. Gerber at
Picatinny Arsenal and also visited Mr.
Evening star., 1934-10-16

ME-. Browning, wife Of Lieut.
Comdr. Miles r. Browning, q. 8. N,
= vistting her mcthsr. Mrs. Martha @
origgs, In her apartment at 7700 Con-
necticut avenue for several weeks.
Comdr. Browning h attached 10 the
q. 8. 9. Langley and Mrs. Browning
WIN Join him lster IN the Autumn.
Mrs. Browning, before her marriage,
was Miss Charlie driggs and has many
friends In Washington.
Evening star., 1934-10-16

and Mrs. willis H. Carrier on their
estate at Essex Fells.
Alrs. Harry K. Corrick Of Kensing-
ton, Nd, regent Of the Janet Mont
gomery Chapter, D. A. r.. ID enter
tanning members Of the chapter at
luncheon today at the Admiral, Ia
Washington. Mrs. Arthur r. 9hanklin
Of Baltimore, State regent b the guest
Of honor. Mrs. Corrick recently re-
turned from Cape Cod, Xass.
Evening star., 1934-10-16

Mrs. J. p. woodley, with Mrs. Hlu.
cher Eringhaus and Miss Betty xring-
haus, are again at the Shnreham after
spending the Summer at virginia
(Continued on Third p1ae-1
Evening star., 1934-10-16
between Great Fails. va; Fort Brsgy,
N. c., and Greenwich, Conn.

Mr.. and Mrs. Richard Austin Of
Asheville, N. c.. have come to WASH
ington to spend the approaching sea.
son and they have leased an apart.
ment ut the wardman Park Hotel.
where they win be IN residence during
their sojourn.
Evening star., 1934-09-02
Ambassador of Britain
Will Arrive This Week
Sir Ronald Lindsay Has Been Abroad Since
June-Ambassador of Union of Soviet
Republics Returns From Vacation.

The dean of the diplomatic corps,
the Ambassador of Great Britain, Sir
Ronald Lindsay, is expected to arrive
Tuesday in New York aboard the
Majestic, having sailed from South
ampton Wednesday, The Ambas-
sador has been abroad since the mid
die of June and Lady Lindsay went
10 Seal Harbor. Me, early in the
Summer. The Ambassador is ex-
pected to come to Washington i'm
mediately after his arrival in this
country.
The Ambassador of Germany, Herr
Hans Luther, and his daughter, Frau
lein Gertrude Luther, have as their
guest over the holiday, the latter'S
fiance, Herr Gerrit Won Hoefton. third
secretary of the embassy, who will re-
turn Tuesday from Falmouth, Mass,
where the Ambassador and his family
are spending the late Summer.
The Ambassador of the Union of
Soviet Socialist Republic and Nine
Troyanovsky with their son. Oleg, are
again in the embassy after spending
Evening star., 1934-09-02
Mrs. Katharine Parran
And John J. w olfe Wed
In the Lincoln Chapel
Senator James P. Pope Best
Man-Other Ceremonies
of Yesterday.

Senator James P. Pope of Idaho
was best man at the wedding yester-
day morning Of Mrs. Katharine
Louise Morris Parran, daughter of
Mr.. and Mrs. Henry Lee Parran of
Upper Marlboro, Md, and Mr.. John
j. Wolfe of Washington, son of Mr..
and Mrs. Edmund Wolfe of Twin
Falls, Idaho. The ceremony was per-
formed in the Lincoln Chapel of the
New York Avenue Presbyterian
Church, the pastor, the Rev. Allen
Evans, officiating, at 10 o'clock in the
presence Of a small company of rela-
tiveS and intimate friends.
The bride wore costume of brown
crepe trimmed with ermine fur, a
close fitting brown hat to match her
gown and corSage bouquet of tails
man roses.
Miss Eleanor Morris of Upper Marl-
boro was maid Of honor for her sister
and had a dark blue suit with a hat
to match and wore a spray of gar
denias.
Immediately after the ceremony
Mr.. and Mrs. Wolfe started for a
CONTINUED on Paae 3, Column a.
Evening star., 1934-09-02

There will be at least two new
Ambassadors in the diplomatic corps
here this season, the soon-to-arrive
Ambassador of Brazil, Senior Os-
waldo Aranha, and new Am
basSador of Belgium to succeed the
late beloved Ambassador Paul May,
whose final rites were held in
Brussels but a few days ago. His
successor has not yet been named.
Senior and Senhora de Aranha and
their daughters, who have been in
Paris for some time, will arrive here
this month but will not occupy the
new embassy, the Robert Mccormick
house on Massachusetts, avenue re-
Gently purchased by the Brazilian
government, until some changes and
additions have been made. They
will come direct to the present en-
bassy at 2437 Fifteenth street, which
was very popular rendezvous for
members of the diplomatic circle as
well as smart resident society during
the regime of the recently transferred
Ambassador and Senhora de Lima
Silva.
When the season opens it will be a
keen delight to again see an Ameri-
can woman in the position of doyenne
of the corps, in Lady Lindsay, wife
of the new dean, the Ambassador of
Great Britain, Sir Ronald Lindsay,
one of the best known of the mem
bers of the diplomatic corps. He has
had two assignments here, first a
number of years ago when he was
secretary of the embassy, during
which time he met and married Miss
Martha Cameron, daughter of the
Senator from Pennsylvania, and this
time when he returned here four
years ago as Ambassador Some
years after the death of his first wife
he married her cousin, Miss Elizabeth
Sherman Hoyt of New York, who will
grace her new distinguished position
with poiSe and charm
This Autumn'S little season" will
be marked by very large number of
weddings. Cupid has had a busy
Summer and won many victories,
making September and October take
honorS from the marrying month of
June. Never has there seemed to be
so many announcements of engage
mentS and so many announced
and unannounced weddings. Young
couples, many of them, becoming i'm
patient, have taken matters in their
own hands and had the knot tied.
some announcing it Immediately,
others trying to keep their secret
until Winter, but not succeeding.
The polo practice on the grounds in
Potomac Park, which started last
Thursday, attracts large and brilliant
galleries of interested spectators, fans
for the Mexican team and those for
our own Army team who will play
against each other here September 19,
% and 26. Gen. Alberto Limon.
president of the Mexican polo players,
and Sonora de Limon, who are at the
Shoreham during their stay here. are
being constantly entertained and are
making many friends.
Evening star., 1934-09-02

the Summer season at Bluemont, Va,
where they occupied Journeys End,
the home of the late Mr.. and Mrs.
Frank G. Carpenter of Washington.
The Ambassador of Spain and
Sonora de Calderson with their family
have returned from brief motor
trip to Long Island and along the
coast to Newport.
The Minister of Austria and Nine.
Prochnik and their children are
again in the legation on Massachusetts
avenue. having returned yesterday
from Rehoboth Beach, where they
had a cottage for the Summer.
The Minister of CZechoSlovakia and
Nine. Veverka with their son. NJ. Fer
dinand Veverka, jr., and Mile. Nella
Veverka, will sail Tuesday for their
home in Prague. They will be absent
until the first of next year. remaining
there for the debut of Mile Veverka,
Continued on Page 2, Column 81
Evening star., 1934-09-02
Dinners and Parties
Fill Large Portion
Of Social Calendar
Miss Alma Maria Johnson
Is Honor Guest at Many
Functions.

Miss Alma Maria Johnson, daughter
of Mr. and Mrs James H. johnson, jr.,
whose marriage to DR.. Raymond
Charles Kirchner will take place
September II, will be the honor guest
at buffet supper this evening given
by Mrs. Paul May. A number of
parties have been given for the pros
pective bride. Miss Mary Ahern and
Miss Florence Johnson gave a bridge
and shower for her Wednesday,
August %, when the guests were Miss
Ann OLeary. Miss Rose Berberich,
Miss Mary Berberich, Miss Frances
Roland, Miss Anna Mess. Miss Bar
bara Tyler and Miss Cecilia Talbot
Saturday. August 25, Miss Rose Ber-
berich gave a luncheon bridge and
shower for the bride elect when the
company included Mrs. James H John
son, jr.; Mrs. Albert w. Kirchner, Miss
Barbara Tyler. Miss Mary Berberich,
Mrs. Francis j. Fitzgerald, Mrs Mar
shall H Johnson, Mrs. E. Tyler Wood
ridge, Mrs. Paul May. Miss Hylda
Rupert. Miss Mary Ahern. Miss May
Continued on Page S, Column So