Indianapolis Times, Volume 45, Number 46, Indianapolis, Marion County, 4 July 1933 — Page 7

JULY 4, 1933.

Today and Tomorrow BY WALTER LIPPMANN

LONDON, July 4—At the present j time there is. It seems to me,; Just one thlnsr on which the Lon- , don economic conference can agree

and that Is that It should adjourn. The essential facts a- e quite clear. The United States will not stabilize its currency until a sufficient rise in prices has been achieved. The gold countries will not consider a devaluation of their currencies or an inflationary policy. The British government is un-

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able to take a decisive position. It follows that the only kind of “agreement" possible is agreement on an ambiguous formula such as the one j the President has rejected, which would mean one thing in the gold j countries and another thing in the United States. Nothing is to be gained bv attempting to draft declarations which pretend to reconcile wholly irreconcilable policies. a a a THESE attempts at reconciliation are bound to fail. When they : fail they poison the atmosphere, j For nothing can be done in London now on any important issue which ! does not resound an and re-echo and increase misunderstanding through- J out the world. Every difference of opinion is i magnified into a great issue and then is broadcast as an international dispute. The prudent thing to j do, the safe thing to do, the hyalthy J and self-respecting thing to do, is frankly to recognize that our policies differ for the present and to adjourn now as friends, rather than to take the great risk of breaking up as opponents. The time will come when, as respects monetary policy, we shall want the same thing. That will be when the rise of prices which the President is engineering has been consummated. Then it will be desirable and necessary to stabilize and consoli- j date the achievement. Until that moment arrives, no important agreement is possible here, and onlyi mischief can come from pretending | that agreements are possible. The monetary policy is the key | to all other things. It is vain to I imagine that the gold standard of : the future successfully can be de-; bated until the objective of our price raising is defined and the re- j suit experienced. a tt tt IT is vain to imagine that tariffs! can be discussed when currencies are fluctuating and depreciating. It j is vain to imagine that the problem j of international indebtedness can be dealt with before the new level of prices is established. That being the case, 3,000 delegates | find experts who have lost hope of ■ agreement can only get themselves! into trouble if they continue to run! against one another. What I have said is, I believe, the! teal conviction of the ablest men in j all the principal delegations. They! do not declare it publicly, becausej ho delegation wishes to take the j responsibility of proposing the ad- j journment that all of them desire.! Why should not the President ac- j fcept that responsibility? The j American program, both by its effects and its example, is admitted j by all to be the greatest positive force in world recovery. To safeguard his program the President wisely has rejected all pro- i posals which would interfere with it.: He has not been afraid to deadlock the cbnference. Why should he be I afraid to propose that it adjourn? { \ a tt tt own belief is that such a I*4 proposal would be received wyrth inward enthusiasm almost everywhere. For men are weary of pretense and of muddling. An example of courage and of candor will do more good for the world's spirit than w T eeks of evasive and ultimately futile negotiation. There is no need to search hard for a formula, which might attempt to pretend that the conference has been a great success. The best formula would be the truth, which is that until the movement in America has been consummated. we will not and other countries can not make international; agreements. The conference might then be adjourned subject to call by agree-; ment among the British, the French and ourselves. • iCopvrtcht. 1933. bv The Times! HOME LOAN BONDS AS AIDS TO BANKS SEEN May Be Discounted by Federal Re- j serve. Help Open Closed Institutions. Bv Scripps-Hairarit Xctctpapcr Alliance ! WASHINGTON. July 4—A complete study of the banking and home loan laws is being made by the comptroller of the currency to ; determine how far the government can go to carry out the suggestion j of Representative Clyde Kelly j Pa.> that the new home loan bonds be discounted by federal reserve system as a means of speeding up the reorganization of closed banks, throughout the nation. “The Comptroller's office is very [much inclined to help,” Kelly said [ today. "The federal reserve board is awaiting the results of the comptroller's study of the laws, and is prepared to be guided by his advice.” Publication of the Kelly proposal has brought the Pittsburgh representative the warm praise of several bank officials who see in his proposal an opportunity to convert many of their frozen assets into real cash. “I Suffered 10 Years With Itching Eczema” “ . . . and after spending hundreds of dollars to clear it up, I tried Zemo and got relief, ’ writes G. C. G. of Texas. Soothing and cooling. Zemo relieves itching in five seconds because of its rare ingredients not used in other remedies. Also wonderful for clearing Rash. Pimples, Ringworm and other irritations. Zemo la worth the price because you { get relief. All druggists’, 35c, 60c, i |l.—Advertisement.

SUMMER STORE HOURS—B:4S A. M. TO 5 P. M. DAILY INCLUDING SATURDAYS! DOWNSTAIRS at BLOCKS Summer’s Just Beginning for cotton Romnank 111 LWf You—But It’s Over.With Us! w^2£ mn ™ ts ■ mRjMH OUH thoughts are turning to fall as YOU gayly swing into the summer season! All 1 to 5-yard lengths! Batistes, WP ' -t BLOCK’S JULY CLEARANCE is a “Lucky Break” for both the family and home — cretonnes, printed percales, ■ oT; J come, share in these amazing values! A storewide event! Thousands of other items, i; rll . no t I not advertised here, pack every floor! Don’t hesitate-enjoy these Pre-Inflation “ nenS ’ '° l l, f and marquisettes! JmHb , f ***" Low Prices while you can! Wednesday is the FIRST DAY! Be here when the l ome eail>. W y doors open at 8:45! We close at 5 P. M. daily—Starting tomorrow! _______ m m Ilk m ' \3l I Jj "M • ■■■■■•JswW.a -me jHHtt JR jUBSBSk £ JBWL JBWHHaBb,. ,&ra9§i *§l* BjPfefr. A jfl ,Jg|

Lippmann

Sale! Wash Frocks 80c and $1 Quality! For Women! Just 300 of these better type kkkkM wash dresses to go at this jSgF*"® low price! Slightly counter tossed! Voiles, Prints and Flaxons! BLOCK’S DOWNSTAIRS STORE.

Women’s $1 Pique Slacks;. 69c Women’s $2 SWIM SUITS, large sizes SI.OO (60) Women’s 70c to $1 WASH BLOUSES 39^ (50) Women’s PIQUE WASH SKIRTS, special. 39* (20) Women’s White PIQUE MESS JACKETS. 69* BLOCK’S DOWNSTAIRS STORE.

White or Gray Shoes Sensational Values for Women and Misses! Many are samples of actual $2.95 footwear! Broken lots ... all sizes in the Sfc Us. group but not all sizes in every style! While 100 pairs last! BLOCK’S DOWNSTAIRS STORE.

Women’s White Linen Sandals, 88c Youths’ TENNIS SHOES, 9-2 and 3-5%' 33* Misses ELK SHOES, 3,3%, 4, V/ 2 and 8 SI.OO BLOCK’S DOWNSTAIRS STORE.

J list Look! M onth-End Clean-Up! SALE! $6 SPRING COATS and SUITS For Women and Misses! Smart two-piece suits with clever sleeve treatments on jackets! Coats that are SJjH * ideal for cool summer evenings! Hto (12) Women’s $5 All-Wool WHITE COATS on Drastically reduced for clearance ... (35) Women’s PIQUE and LINEN SUITS A A Drastically reduced for clearance ... v l.Oj (15) Misses’ GABERDINE RAINCOATS QA Sizes 14 to 20! Extra special at 0/ C (35) Women’s $4 and $5 RAINCOATS no Sizes 38 to 44! Extra Special at .... 1.1/0 BLOCK’S DOWNSTAIRS STORE.

39c White Organdy Remnants ... 19c Yd. 39c RAYON Flat Crepe REMNANTS... .Yard 19<* 79c LACE PANELS, 45 and 50-inch... .Each 39* 29c TABLE DAMASK, 58 inches wide ... .Yard 18c 25c RAYON TAFFETA, 39 inches wide.. .Yard 16* 29c SHEETING, 81 inch, special Yard 19C 18c LINEN TOWELING REMNANTS .. .Yard lOC 15c CANNON TOWELS, orchid onlv, 20x40.... 8* 59c LINEN BREAKFAST CLOTHS, 44x44 inch 42C $1.19 CHINTZ DRAPES, 2% Yards long. .Pair, 79<^ 29c Jacquard BATH MATS, reversible 19<* 39c CRETONNE, 50 inches wide Yard, 24C 10c GINGHAM REMNANTS, 1 to 5 yds.. .Yard. 3C 59c SILK SAMPLES, 1 2 to 1 yard length... Each, 15C 70x80 COTTON BLANKETS, imperfects, each, 39C 59c CHINTZ REMNANTS, sunfast Y~ard, 14C BLOCK S DOWNSTAIRS STORE. ‘

69c Sheets—Blx99 Famous “ Fairmount 1 ’ Brand! Special—Each Limit 4 to a customer! Just JF a limited quantity that we gßLmm have marked for Bought before the rise in cottons BLOCK’S DOWNSTAIRS STORE.

: the indianXpocis times "

Sale! S2-S3-S4-S5 DRESSES While 389 jEfA Frocks Last ‘jKljff* • Jp' Cost has been forgotten! Many of these dresses originally made to sell for more than three times this low price! Broken size ranges! Drastically reduced for quick clearance! blocks downstairs store.

30 Women’s $3 Silk Dresses.. $1 (45) Women’s $5 and $6 SILK DRESSES ..$2.59 (32) Women’s $lO SILK DRESSES, only .. .$3.59 BLOCK'S DOWNSTAIRS STORE.

$2>53.50 Corsets For Women and Misses! While 75 last! Odd lots and broken assortments accumulated from fast selling! Find your size and you'll |||LjH find a value! BLOCK’S DOWNSTAIRS STORE.

$1 Silk Chemise orDancettes,s9c Women’s $1 “Sea Foam” Gowns or Pajamas 59^ BLOCK’S DOWNSTAIRS STORE.

Rayon Mesh Undies For Women and Misses! Regular 30c quality! Panties, stepins and Hollywood gH „ 4 briefs! Cool, comfortable and easy to tub for summer! BLOCK’S DOWNSTAIRS STORE.

Children’s Anklets Svtbstandards " m 5c Women’s Laundered HOSIERY, damaged s<£ - FULL-FASHIONED SILK HOSE, imperfects, 15£ BLOCK’S DOWNSTAIRS STORE.

Sale! Silk Hose Every Pair Full Fashioned While 300 pairs All^^^^r imperfects of much priced stockings! Hurry! BLOCK’S DOWNSTAIRS STORE.

$1 Early Summer Straw Hats, 25c (200) Knitted BERETS and HATS, colors ( 79 ) Women’s SPRING HATS, odds and ends 10^ BLOCK’S DOWNSTAIRS STORE.

White Sport Hats Linene and Pique Mesh! A* All headsizes for women Jk and misses! Small, medand large brim styles! BLOCK’S DOWNSTAIRS STORE.

Seersucker Suits For Men and Young Men! Cold water shrunk! Light- mm weight and cool for hot weather wear! Launder easily and need no pressing! 4HIF BLOCK’S DOWTSSTAIRS STORE.

Men’s Linene Suits, 2-Pc... $3.98 Men’s FLANNEL SUITS, 3-piece styles ..,,..$8.95 Men’s Year ’Rround SUITS, 3-piece .$8.50 Men’s PURE LINEN SUITS, 2-piece $4.98 TROPICAL WORSTED SUITS, 2-piece style $9.95 Men’s All-Wool WORSTED SUITS, 3-piece. .$11.95 Men’s Tan TRENCH RAINCOATS, special.. $1.49 BLOCK’S DOWNSTAIRS STORE.

Sanforized Slacks For Men and Young Men! • White Striped Slacks! • Washable Seersuckers! • JL • Pin Check Work Pants! • White Duck Slacks! BUB) BLOCK'S DOWNSTAIRS STORE.

White Striped Sports Slacks, $1.98 Men’s $4 and $5 All-Wool Suit Trousers $2.98 White Striped All-Wool Serge, Flannel Trousers. , ~ .$3.98 Men's Gray and Tan All-Wool Flannel Slacks .$1.98 New Pastels in Fine All-Wool Flannel Slacks..s4.9s Sanforized White Duck Sport Slacks. ■.• in * iiVtin'O" $1.49 Men’s Pure Linen Knickers and Slacks. t * • % • • • • • $1.59 Men’s White Flannel Trousers .$3.49 Men’s White Striped Slacks, $ 1.09 BLOCK’S—DOWNSTAIRS STORE.

Men’s Pre-Shrunk Broadcloth Shirts White , Tan, Green Collar-attached style! Beautifully tailored and guaranteed color-fast! Sizes 14 to 17! Buy a season’s supply! BLOCK’S DOWNSTAIRS STORE.

Men’s Novelty Sox.. 3 Pairs, 25c (465) SHIRTS, substandards, broken sizes (166) 79c Striped BASQUE SHIRTS, crew neck (194) Boys’ 25c Athletic Union Suits..3 Suits ( 9 ) Boys’ Washable Play Suits, size 15 only 59£ BLOCK’S DOWNSTAIRS STORE.

Girls’ Silk Frocks Sizes 2 to 6 and 7 to 13 All 81 and $2 qualities! Pretty pastel colors and M K%• prints! Mostly flat crepes! 9 BLOCK S DOWNSTAIRS STORE.

Girls’ Wash Dresses, 2to 14.. 19c (100) Infants’ 59c CREEPERS, special 25£ (50 ) Girls’ $1 Rough Crepe SKIRTS, 7 to 14.. .49d (75 ) Girls’ 60c-$l WASH BLOUSES, 7to 14.. .44* ( 50 ) Tots’ $2 Silk and Organdy Dresses, 1-6, $1.29 (125) Infants’ ORGANDY BONNETS 17* BLOCK’S DOWNSTAIRS STORE.

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