F 1 SHEje Jfaljington JleMd I |^ SECTION TWO.PAGE 7. WASHINGTON. D. C., WEDNESDAY, FEBRUARY 16, 1921.

.PAGE 7.SECTION TWO. "J

private interestessential to u. s.foreign trading

New Jersey' Senator

Urges Separate FinancingFrom Government.

U. S. LOANS COSTLY

Loans By American CitizensWould Eliminate Fresh BurdensUpon Taxpayers.

Declaring that the way to stimulateand foster America's foreigntrade must be by financing it

through private initiative, not bygovernment aid. Senator Walter E

Edge, of New Jersey, yesterday ex-

pressed gratification at the progressof the Foreign Trade FinancingCorporation, the $100,000,000 con-

cern now being organised under the

provisions of the legislation bear-Ing his mme.There must be foreign, trade In

large volume, in the opinion of SenatorEdge, if this country is to prosper.But to attempt by loans ofgovernment money to finance exporttransactions is merely to loadfresh bnrdens upon the taxpayers.The rational and sound way to goabout meeting this critical situationis for American citizens to loantheir funds as a private business

f venture, such as the new corporationis.Indorse* New Step.

"As >n ardent advocate of thestimulation of world-wide trade forthe United States." said SenatorEdge, "and incidentally as the authorof the act under which the ForeignTrade Financing Corporationis being organized. I am highlygratified and interested to see thatthere is being formed on a large andcomprehensive basis, the machinerywhich will carry out the provisionsof this jneasure to finance the foreigntrade of the country. The es|tablishment of the corporation is of

k wide significance to the Unitedr Btates. It offers opportunities for' reviving and stengthening Americancommerce and giving to Europeanand other foreign countriesthe raw materials and manufacturedarticles they need, not by any settf charity, or through Americangovernment channels, but as a

straight business proposition. AndI* all this applies as well to other

torporations formed under this act.

Foreign Trade a »«««ilT."Our foreign trade must be financed.There is no question as to

Whether there shall be foreign trade.There must be. both for the welfareif this country with its raw materialsand manufactures now collectinghere far in excess of our abilityto use them and for the welfare ofthe rest of the world, which needsour surplus. Our merchant marine,half of it now lying tied up in our

harbors, must be used to carry our

goods to all the ports of the w»rldand bring back goods in return.

Will Aid Debt Payment."Furthermore, no matter how

much money or credit the UnitedBtates may lend to Europe, eithertKrSajgh private or governmentchannels, we are not going to encourageor stimulate foreign purchasingif we impose an embargoagainst imports from other landsIf the American producer needs help,don't let us hand him a pair of brokencrutches. And it must be re

Lmembered that our imports will help(pay for the goods we send abroad,

will help to restore foreign exchangeto a reasonable basis, andIndirectly will help Europe to curtailIts enormous ^Indebtedness tothe United States.

Export Finance Bill.

"It has been said when this generalsubject has been under discussionon the floor of the Senate thatthe producers were not taking advantageof the export finance act

because only two or three corporationshad been organized under it.

The answer is that up to m very

tew months ago producers ana businessmen in general did not feelthe actual, pressing necessity pilooking out for trade. "We still wefeliving in that fools' paradise of

large profits made during and immediatelyfollowing the war. and

there was little inspiration of apparentnecessity to provide investmentcapital for such a purpose;the full pains of readjustment and

deflation had not yet been felt. ButIn the past few months, since con(itionshave materially changed, ordersfor goods have fallen off and

k. pri. es to at least the producer, even

I though not always to the consumer,

r *isve Shrunk materially. However'

»s I have frankly stated, this exportfinancing activity will not alone

solve the problem.Urges Wise Tariff.

wise, carefully considered policyon the tariff, as it relates to ei.sorts and markets, may well' gcTide by side with this <*redit supportingInstrument. The policythough, must be most carefully conlideredand from every possible antleHurried legislation will ham

more than help, and just to pass a

Haphazard "tariff bill." especially It

»ueh an emergency and crisis, maj

rive a black eye to the real Amertran tariff policy, and s£It back fai

more than all the fre»trade arguments in the world ever could pos

iibly accomplish.Europe Most Be considered.

r "For one thing we must carefull;onsider Just what retaliatory tneas

'res a high-protective tariff at thliMme may Invite from most countrlei

which already are buying our good!or are disposed to buy them. W<

must consider whether the additionsi Income we might receive trom at

.msrgency tariff will compensatihe American government. Americatkuslness and the American people ai

large for an inevitable falling o«of Imports which ultimately mus

oilow we must consider whetherthrough this method, we can articially raise the prices to the prolucer and still And him a markeirbroad or even at home, even if wi

la manage to Veep his compctitori»ut of this country. We cannot con.

«ume all we pro<fuce. and the sur<

alus must be sold outside our Ofr<ountry. and it is manifest that wi

srinot' sell it at prices established.v ourselves if these prices are m*

crially higher than general world

prices based on the law of suppljies4and>

CORPORATE FIN;SHOWS I

P

Industrials Form 71 PeiShort-Ter

Br The WmHmUiThe heavy demand* for increased

capita) to carry on the business ofthe country at the high price levels |are clearly reflected in the amountof corporate financing In the lasttwo years. The following figures,compiled by the Journal of Commerceand Commercial Bulletin.show the yearly totals of securl-1ties actually Issued by railroads. Industrialand public utility corporations.

Securitici»at.

January ISSS.415.10Cr.bnury 202,32S.M«March .. I7S.771.30CApril 471.7S5.80Cyir 24S.05S.S0CJan. 3M.SS4.20CJuly S40.W2.MCA»|«< 1W.1S5.70CSeptember 145.022.50COctober 3S8.7M.30CNovember 17S.700.S0Cl^cnber 287.208.00C

Total «S 10S.M0.50C

The new issues during the pastyear have been confined largely toindustrials. Both railroads and publicutility companies have found Itdifficult to float new issues successfully.Railroad financing has Increasedsomewhat during recentmonths. The following compilation.which is taken from the reports by

Diitrtbntten of Cerpensio. t , Boa

Railroad, J3.737.000 I1M.!Industrial* 1.37S.7S5.4H. 407.Public QtUitiea... 90.105,000 rxt

Totsl. *1.471.578.010 *828,(

Tbe total railroad financing forithe year amounted to 12 per centof the total; industrial companies'issued 72 per cent and public utilitiesaccounted for 16 per cent ofthe *3.325,000.000.Of the total financing nearly *1.-3

500,000.000, or 44 per cent, was Inthe form, of stock. 25 per cent as,bonds and 31 per cent as notes,The large proportion of short termnote issues was due largely to thehigh interest rates prevailing in recentmonths. A year ago the prevailingrate of interest on bondsand notes was from 5 to 6 per centwhile at present It is from 7'to 8per cent.

(Copyright, 1921, by Th

452.1 GALLONS GjMOTORCAR

*

The American Petroleum Institute.compiled ^Information showing

the ^entity of gasoline consumedin 1920 by twelve States which haveoil inspection and where such informationis available.

In certain. States all gasoline inspectedis motor gasoline, while inothers It is impossible to estimatethe proportion consumed by motorvehicles, except to indicate that thebulk of the gasoline consumed isfor that purpose.Without attempting to make any

allowance for consumption by otheragencies and without Including inthe compilation any estimate ofconsumption by motorcycles andmotor boats, the figures shown indicatean average consumption ofgasoline per car (passenger carsand motor trucks) in the .Stateswhere gasoline consumption figuresare available of 452.1 gallons on thebasis of 1920 automobile registrationfigures.The total registration of passengercars and motor trucks *as of

December 31, 1920, was 8,887,5^2cars, according to preliminary figuresof Automotive Industries. On\the basis of an average consumptionof 452.1 gallons per car. theindicated gasoline consumption .bymotor vehicles in 1920 was approximately4,018,000,000 gallons.The gasoline output of United

States refineries in 1920 was about4.870,000.000 gallons.Average Cownmptlsn -by State*.The following table gives the

quantity of gasoline consumed In

SWEDEN'S TRADEIN SERIOUS STATE

Exchange Difficulties and theStringent Money ConditionMake Trading Very Bad.

A report from Ira N. Morris. AmericanMinister at Stockholm, statesthat the economic and business situationin Sweden is at present ina serious condition, due to the difficultiesof exchange, which makeit hard for Sweden to kuy from'America or to sell to any of itsneighboring countries. This hascaused a stringency in the moneymarket and has raised the currentbank rate to 8 per cent. Pu^thertmore, this stringency in the mon^y

t market has caused certain of ther industries to cut idown the numberof their employes* to such an"p extent that at a recent meeting of

the unemployment committee manythous^ids were reported idle inStockholm alone. The trade unionsdemanded that action be immediatelytaken to remedy this condirtion.

Heart Ion W *|lgbt.s This depression in business has, reacted only very slightly on prices.» The index number for November was

303. indicating that the prices for! that month have increased 203 per, cent since July, 1S14. and that by

c omparison with October, 1920, they. have decreased only 1 per cent.» This decrease is due largely to tb«t decrease in the prices of potatoes.

coflfee and milk, so that persona| out of work still have to meet ab1normal living t:osts.

Perhaps the most serious conaf,Quences of the situation are felt in1 the paper industry, which finds it

extremely difficult to compete, withthe nearby mills in Finland, when

, the exchange is decidedly more ad.vantageous to foreign purchases. A1

I some of the 8wedlsh mills workhas been c«t down to three and fouidays a week, and there U grcal

> fear that many mills will have tc

,i i A.1

\NCINGINCREASE IN 1920r Cent of Total.Manym Notes.

X %Hermld'a Enuain.

* Securities Iuued.> I»'«

1 .S».»70.280v...

">J* 8,021,171,SOO1920 J. 100.WO.500

The issues by months for the lasttwo years, together with the amountof new securities authorized (as distinctfrom actual issues), are givenas follows:

* Issued. Securities Authorized.MM. 1920.

$242,4®,700 I41B.538.SO0197,645,000 441,212.900153.122,500 396.059.00067,724,000 _ 928,965,200209.877,800 614.6T6.00o322.058.000 '580,677.000370,943.300 725,450,200220,198.500 2*2,269.00a379.619.400 224.975.000390.695.100 378,133,000253,652,900 524.285.460' 223.169,300 456,664,000

38,021.171,300 16 884,705,700

Dow-Jones and Company, shows thedistribution of the new issues duringthe past year with respect tokind of security and character ofthe corporation. The totals differslightly from those given above becauseof the difference in the sourceof the figures. The discrepancy isof no significance.ite rinaeiaf la 1990

d*Notes. Total$19*. 8*0.000 $302.180.000

m 0OU 617.815.900 2.387 447 400W 500 213.578,500 535.814.600>09 500 81.024.734.490 $3,324,922,000

Out of the total issue of more

than $200,000,000 in bonds and noteslast December only two small lotsamounting to $1,500,000 were issuedat 5 per cent. Approximately thesame amount was issued at 6 percent, while $200,000,000 or 85 percent of the total bonds and notesissued carried interest rates of 7per cent and above.The total financing in January,

1921. amounted to $ 277.321.950, ofwhich $77.23*0.000 represented railroadbonds and notes; $64,352,000industrial bonds and notes and $60.060,000industrial stock. Publicutility issues amounted to $75,679.700,of which $9,065,700 were stocks.e Washington Herald.)

V5 AVERAGE'S CONSUMPTION1920, the number of cars registeredand the. average <*M»eu»j%fvii<Mfc pericar for States for which InformationIs available:

Gasoline Number., t*1* Consumed. Gal of Car*Alabama 48.00i.000 74.637)cSHSZ* 28.811.079 59.082V?l0f"d<> 51.432.244 128.851£,orid* 53,785.278 57.000

llf.OM.OOO 285.8M'>orth Carolina 73.960.000 140.860

2"V 278,411,880 616.800!62.981.167 204.300

ify 44.900.060 103.790J £*ro,lM 41,225.067 92.818'

south Dakota 41.000.000 122.000Tennessee 57.841.190 101.8521

Tot*1 980.524.944 1.967.486In Arkansas all the. gasoline inspectedis motor gasoline: there-

fore, the average consumption percar of 404.7 gallons is probablyabout correct. In Florida all gasolineinspected is motor gasoline.'but included In the tfctal is the:quantity consumed by motor boats.It is noted that the figures showFlorida with a high rate of consumption.This figure may be In-1fiuenced by the heavy use of carsby tourists.No attempt at detailed analysis of

the above figures is made, as It isrecognized that there are severalelementsthat might easily throwofT calculations one way or the otherFor instance, there Is alwaysdifficulty in obtaining accurate registrationfigures. However, th£. figuresobtained from the variousStates on gasoline consumption in1920 constitute an actual record andmake an unusually true basis forarriving at average gasoline consumptionby motor vehicles.Estimates of the average annual

consumption per car of motor vehiclesin the United States havevaried from 400 gallons to 550 gallons.

Panaeager ( onmnm*tUn b+mn.There is a decidedly different rate

of consumption for passenger vehiclesthan for motor trucks. Theaverage of 452.1 gallons obtainedfrom the institute'# figures is inclusiveof both passtnpor Vehicles andmotor trucks. *

Results from the Experience ofvarious fleet owners indicate thatthe average consumption of gasolineby motor trucks is about 1.000 gallonsannually, and thee preliminaryfigures of the National AutomobileChamber of Commerce, show approximately900,000 motor trucksregistered at the end of 1920.Accepting these estimates on the

basi« of the gAsolino consumptionfigures shown above for the variousStates, the indicated annual consumptionper passenger oar is 390.3gallons.

vrff * ' ^EQU ITABLECO-OPERATIVE BUILDING

ASSOCIATIONOrganised 1S70

41st YEAR COMPLETEDAsattl 84.27t.006.87Surpl u* 81.060*322.NO

Systematic SavingBrings Results

'Make up ?®t*r mlad to sat'asidaHometbing each, pay ita the Equitable.You will accomplish more than afar.

lubseriftiaaa for tb«

80th Imoc of StackBeing Received

Share*. 12.50 par Mmtfc4 Per Ust latere*!

EQUITABLE BU1LDMG,915 F St. N. W.

JOHM JOY EMO.H, Pre«i«tBI IIKRA.lk P. ntt.slUK. >n,. II

V> «

TRADE NOTES FAILTO DEFINE ACTUALSITUATION, BELIEFN \

Reflection of ForeignCommerce Falls Short,Says Guaranty Trust.

DIRE NEED A FACTOR-.A-

Predicts Business Under Las^Year's Conditions Cannot

Be Maintained.

Though the foreign trade of theUnited States reached record heightsfor 1920. there Is a general convictionamong exporters and importersthat the figures for the year, andmore particularly for the month ofDecember, fall far short of reflectingthe present condition of thecountry's foreign trade, according tothe Guaranty Trust Company ofNew York, llegardless of what circumstancesmay have contributed tomaintain the large volume of exports,the bank »ays, it remainsobvious that a sound trade caflnotcontinue indefinitely on the shorttermcredit basis which has char-,acterized our foreign business duringthe last year.

Conditions Cannot Be Met.

The survey analyzes last year'*trade, In part, as follows: The 1920figures demonstrate, of course, thatour customers overseas are in suchimmediate need of our goods thatobstacles of prices and exchangeconditions have somehow been, to a

large degree. surmounted.. But,hat is of more vital significance,

they further demonstrate the needof American producers and manufacturersfor markets for theirgoods. Business under last year'sconditions, however larg# in volume,cannot be permanently maintained.December has added more than

J400.000.000 to the already vasifavorable trade balance of theUnited States, and coming monthswill witness further additions to theamount due us from the rest of theworld, although cable reports justreceived from Department of Commercerepresentatives throughoutthe world indicate some improvementin general economic conditionssince the first of the year,which may have a salutary .<rtecton our trade with certain countries.In Great Britain progress in deflationis seen, speculation is decreasing.bank loans are increasing, andthere are predictions of further risein sterling and a lower rate on

silver. Also. American money is reportedto *e flowing into Englandfoe Investment. Some general ioi-,provement Is also reported in Belgiumand the Scandinavian countries.but in other parts of the worldthe department representatives reportconditions t essentially unchanged.

European Trade Falls Ot.Analysis of the 1920 foreign trade

figures shows that commerce withEurope, oiy oldest and best customer,has fallen off seriously in thelast year, though our total foreigntrade Increased as a result of greaterbusiness with Canada. Mexico, SouthAmerica and Asia. Exports to Europefell from $5,185,900,000 In 1919to *4.466,635,000 in 1920, while importsin the same years increasedfrom $750,569,000 to $1,227. 142,000.A four-fold increase In our tradewith Germany is significant in consideringthe general European declinein trade.

Exyarta Inerenae.

American exports to the fourprincipalSouth American countries Increasedmore than $100,000,000 as

compared with 1919, while importsshowed an increase of only about125,000.000. Trade with Cuba exceeded$1,200,000,000 in value in 1920.an increase of nearly $500,000,000over 1919. Exports to Mexico Increasedabout $ to,000,000, while importsrose from $32,000,000 to morethan $180,000,000. The value of our

trade with China increased about$80,004,600 in 1920. divided equallybetween imports and exports. Tradewith Japan, however, Increased onlyabout $16,000;000, of which $11,000,000comprised exports to thatcountry.The 'currents# of this country a

commerce during 1920. and theenormoas total value of our goodsshipped to new markets, despite exchangedrawbacks and lack ofcredit, serve as evidence of the almostunlimited opportunity for theexpansion of foreign trad^ on a firmand. permanent basis. But the Amtr-,lean people must thoroughly understandthat the extent of this expansion.as well as the rehabilitationof our waning European marketa,will be measured by the extentto which they co-operate with institutionsthat are in a position toplace long-term credits at the dispoaalof countries in constant needof our surnlua products.

gmMWMwq

J ExcursionIselndiae Jar Tax

New YorkThe Grtal Metropolis

SUNDAY, FEBRUARY 201 SPECIAL THROCGH THAI*

.S Direct M Piait SU. Ttk Ave tatm st.

9Lea Washington Sattfrdar llidslfht.Si 2 4.', s. m ; arrive* Peaaa. ftu la tMihaert of Mew York City. 6:4* a. »

SRetaraiaf. leaves New York 5 90 p. SI.

"cThe right la' reserve* to Halt «*e"i*ale of tickets to the capacity of eeelpSjsaeatavailable.Tickets os ante Vagiaaiac FtUar

oediag date of axoarsioa.Similar Kisertleaa tank M and <

April Al.

Pennsylvania Spstw

1'

Kelly-Springfield Co.Protects New Plant,

QTMBRRLAXD. Md., Feb. 15..With the completion of matout, t«lt eloiely-BMliei wirefence with top strands of barbedwire pitched outwards, making;it practically impossible to acaleit, and tkf mobilising of ^ po-lice force, the Kelly-*prlnirfteldTire Company ban provided thelaat word la protection for Ita jmammoth plant here, the extent <of which cna be Banged by thefart that the feaee exteada threemllea around. I

DRESS GOODS LEADTEXTILES'REVIVE

Hope For Other Lines inGrowing Strength Re-,

ported Here.

(SpaeUl to BuftineM Section t>( The WkihmgtonHerald.)PHILADELPHIA. Pa., Feb. 15..

Increased orders for dress foods,placing: this branch of the textileindustry in Philadelphia on an approachto pre-war conditions, has

given hot>e In other branches of theindustry for an early lifting of thedepression that has continued iinceearly last year. Manufacturersare moving cautiously, however.Orders for raw materials are beingplaced ortly to meet immediate de-ipands, because the retail demandis uncertain, and in many quartersthere is still a lack of confidence inprice stability.Orders that will keep their mills

fully occupied for at least threemonths have been received by FolwellBro. & Co.. dress goods manufacturers.Third and Somersetstreets. W. H. Folwell, vice president.said yesterday."Our business is running close to

the pre-war level of 1914," he said,"and this is true, I believe, of othermanufacturers of. dress g-oods. Likeother branches of business, this industrywas hit by the cancellationof orders that occurred last year,when the rush of buying: thatstarted during the war took a suddenslump. That condition, however.has passed. I am confident, andthe trade is gretting back to a stablestate.

"In volume of business we are

approximating normal: but in valueit has dropped, prices having fallenoff about 40 per cent from the peakof war prices. So far there havebeen no cuts in wage.«. manufacturersmaking their reductions onthe strength of lower prices forraw materials. Any reduction thatmay be made will be gradual, as theadvance" were made during thewar."

In the lace, upholstery goods anddraperies, hosiery and underwearbrh*K*h 8 there' has not- been*" ffmarked' revival of business, burmany of the manufacturers thinkthe outlook for the future hopeful.

La<*e niiNincM* Better.Lace manufacturers, operating on

a 50 per cent basis. .«av there hasbeen a general increase of ordersduring the last three months, butas most of these orders are forearly delivery, they are unable toestimate on conditions as they willexist in the spring and summer.John W. Snowden. vice president

and central manager ,of the Steadand Miller Company, manufacturerso{ upholstery goods and draperies.Fourth and Cambria streets, saidtheir industry was operating onabout a GO per cent basis, fillingorders for immediate delivery. Rawmaterials are being bought only insufficient quantity to meet immediatedemands, and the trade generally.he said, was marking time untilthere was a general stabilisingof business.

Jobber* Order Slowly-.Similar conditions obtain in the

hosiery and underwear trades.There was virtually no buying byjobbers last year, it was said at theoffice of the National Association ofHosiery and Underwear Manufacturers.Orders now being re-reived by manufacturers are thosethat in normal times would havebeen given five to seven tnonthsago. Absence of confidence inprices and other market conditionsare responsible for this, it was explained.Jobbers are unwilling to place

large orders, with the possibility ofa slump in prices, leaving themoverstocked with high-priced goods,as was.-the ease a year ago. andmanufacturers are unwilling: to takelarge orders for future deliverywith the possibility of having themcanceled. Generally speaking, itwas said, the mills are running incapacity only to meet present demands.but are preparing for a

*rapid resumption of business- whenconditions throughout the countrybecome more settled.

/f[f A CHECKIN! with the Union TVust

you with the simplestpersonal accounting s

cording what you paychecks serving as lega!A Sayings Account

save more valuable.We welcome both sr

2% paid on Ctwckuig mne

^^ EDWARD «r. STELL

HhL ..

Great Fails Power POutlined By U. S. IV

Approved by F<(CONTINUED FROM PAGE ONE.

of primary power from a dam erect- ted near Chain Bridgr®. e"The Federal Power Commiaalon

recommends to the ConEress that it cauthorise an immediate start In the ^development of power in accordance fwith the Tyler report. Our study tof ths situation satisfies us that allthe power so developed will find a »

ready market in the District of Columbiaand the circumjacent territoryto which'it can *>e transmittedwithout disproportionate line lossor transmlssloti system cost."The complete development of the

Potomac With Tlams located at Chain *

BridEe and Great Falls, and withthe Ereat water reservoirs for stor- !age will constitute a national an-

set of Incalculable value. It willsave coal, labor and transportation. *

It will free the National Capitalfrom dependence-upon steam powef 1

production which is increasinglycostly, and ls-eubject to much great- Jer likelihood of interruption at criticaltimes due to shortaEe of coal.It will produce an immense body ofprimary and secondary power of in-creasing: value, and piay well aidmaterially in the development of a

power district about the Ereat com-s

mercial and industrial cities fromPhiladelphia to Richmond, in whicha steady and uniform supply will '

stabilize and encourage further in-dostrial development. The project. Jwhen completed, will stand as an

1

illustration to the country generally 3

of the immense value of water powerdevelopment in the conservationof our national resources. For thesereasons, the Federal Power Com-mission concurs in the reports herewithtransmitted.

LfTrriig Report."J H. Levering, civil engineer, j

Los Aneles. Cal., has submitted ,

plans accompanied by a report.),showing the cost and economic ;value of a power plant utilizing theflow of the lower Potomac, togetherwith an estimate for an increasedand adequate water supply for theDistrict of Columbia. He proposesto build two hydraulic-fllled damsfor impounding and purifying thewater.one to be located betweenthe District Line and Chain BridEe.150 feet high.and the other a shArtdistance above Great Falls.

"Serious doubt is ezpressed byengineers whether 4 the structurewill resist the constant and oftenvery heavy overflow loads whichcharacterizes the Potomac River.

LEVERING TO PUSHPLANS FOR FALLS

Indicates He May WageBattle In Congress

Over Proposal.J. H. Levering", civil engineer,

who has filed a comprehensiveplan for the development of GreatI-alls water power differing insome features from th«> Army plan,when informed last night of theadverse report of the commission,indicated that he would not bedeterred from pushing his project"*before Congress.He said he would issue a state-

ment replying in detail to the criti- |cism of his plan in the commissionreport after he had an opportunityto examine it. #

Private Pr®perty."The criticism that my project .

w-ould destroy Great Falls," hesaid, "is certainly significant, sinceto do that would require an efficientand permanent structure.

'It is worthy of remark thatGreat Falls is the private propertyof a local railroad and power'corporationand thr solicitude of thegovernment engineers for this corporationis, to say the least, pathetic."The Great Falls, in its present

condition, is a source of danger. Ithas put the mark of blood on thedoor-po#t of more than one home'and yearly exacts its toll of life.However, it is private property andcannot be placed in a safe conditionfor children to visit unattended.Until it is put under public controlit will continue to be a menace tolife and safety.

Men on Street*.

"It is remarkable that the idlemen on the street looking for worfcand those upon whom the burden ofhigh light, power and carfare ratesis a heavy drain should receive noconsideration fr^m the commissionin making its report."

G ACCOUNT jCompany will supply !and most effective of

ystems, your stubs reoutand your cancelled '

I receipts.will make what you

nail and large deposits.f 3% on Saving* Account*

UnionTrust Co.OF THE DISTRICTOF COLUMBIA

k Cor. lSli and HSU.Northw««t J

WACBM. PRESIDENT JJJ

lant Project Slilitary Engineers jscleral Commission

M" ' #

^everfn. on the other hand, claim?hat his method of construction isrfeatly superior in stability and en- rlurance to the ordinary form of *oncrete dams of rigid construction."he Secretary of the Interior reerredthe levering plane to theechnical force of the Interior De->artment. and the report receiveds as follows:

Interior Report. (" "We have discussed with Uevern?his scheme for dams in Potomac j

River and have examined hisiJkstches. In general, his schemenvolves the construction of two>verflow dams.one at Great Falls j

feet high .and the other at ChainBridge 150 feet M^h. the latter to?arry an overflow between 20 and 30feet in depth. The proposed damLbove Chain Bridge would entirely Cl

irown out Great Falls and the 1!*oe*e below^and destroy one of the hnost picturesque .recreative groundsin the East. a" The proposed dam is of ma- b

sonry and steel, which in the ag- Ltjregate would have nearly or Quite c

the cross section of a standard ma- r

sonry dam. but which would be split a

into two distinct* parts and the in- Idiervening space filled by sluiced-in e

?arth. This earth, which, during pconstruction and possibly there- s

after, would be saturated with 2water. introduces indeterminate pind varying conditions which prob- daWy would cause the entire press- 1ure to be thrust on either of the 1:wo parts independently of the I oothers. n

r.arka Precedent. e

"The type of dam proposed is with->ut precedent, and consequently anestimate of its safety cannot be gt>ased on expe^ence by comparison os ith existing structures The avail- 8able data are insufficient to form ci basis for a theoretical study as jito its safety. If adopted, a highly pexperimental structure of prob- 7lematfoal safety would be placedwhere it would-cndanger the lives yand property of the people of Wash- r

ington.v

"Even if the design of the dams 1*ere believed to be safe we cannoi | ,find that it has either theoretical gor practical advantage over that of jstandard structures which have gyears of demonstrated safety behind *them. j

"In the absence of experience jdemonstrating safety under similarconditions, or of a design that will rpermit determination of stresses by fproved and accepted engineering tmethods, no radical design for a chigh dam endangering life ami ,

propertyrcan be justified. «

of Report."It ia our opinion that Mr Lev- j

erings scheme should be given nofurther consideration."(Signed) N. C. Grover. chief hydraulicengineer. Geological »«r%ev

K. r. Rebb engineer. RerltJRltteV 1

Service; John C. Hoyt. hydraulic engineer.Geological Survey; A H *

Horton. hydraulic engineer. Geo-!'logical Survey; Charles A. Bisse)i.,;engineer. Reclamation Service; W.MM. Reed, chief irrigation engineer.'Indian Service; G. C. Stevens. hv-Mdraulic engineer. Geological Survey;Harmon Stabler, chief engineer, l^andClassification Board. Geological Sur- 1

vey. and R. W. Davenport, hydraulic'engineer. Geological Survey.

"Levering's plans and report are'submitted without further comment jfor the information of Congress..The Secretary of War has also beenrequested t* refer the proposedplans to the Board of Rivers andHarbors for examination .and report.'This report, upon receipt, will be «'submitted to Congress."Lafe Pence presented for the considerationof the Commission the

desirability of so limiting the heightof any dims to be built on the PotomacRiver that the construction ofrailroads down the river valley to.Washington would not be precludedThis possibility has been TTept inview and it is probable that there IJwill not be interference with rail-!road construction should such con-struction be found desirable.

"NEWTON P. BAKER. j"Chairman."

A

CRilLIS C GLOVE*President *

MILTON E. ATI n B 38®Yice Prf&ident

WM J. T LATHER fl QQTice President M t

AJOSHUA EVANS Jr. B jQgM

Vios President H LH

Don'lYou Canor you adrrwt that you are

> confess to a lack of willAs you know, the world rr

say, "I CAN".and backance.

Take $1.00.$2.00 or $5.1posit it in our interest-pa]Such is the turning point tx

Open Today and8:30 A. M. t<

(IkftiflasX, OrWASHIf

On Pennsylvania Avenue 1

Capital sad Ssr

ReMifrM, Close of Bwstoe«».

TATISTICS SHOWPLENTIFUL SUPPLYBEET SUGAR IN US.*roduction Reaches H»*hFigure in 1920 SaysAgriculture Dept.

CONSUMPTION MORE

otal in 1920 Exceeds Pi*,vious Year By One Billion

Pounds.»

*

Beet sugar production In eitheformer record crop of915 by 27 per cent and reached theirh figure of 2.21 9.20®.600 pouna*.ccording to a preliminary eftinurr*

7 the Bureau of Crop l&*timates.fnited States Department of Agriultore.The Increased yield war theeault of a combination of lira"Teafe and favorable weather eonitionsProduction of cane sugae 1«timated to have been 385.974.000ounds. ao that the total estimatedugar crop for the United States wa»

5.174.000 pounds. This was 11er ceqi above the record sugar prductionfor the United States Hi91 $ and S3 per cent above that of919. Beet sugar has been gainingn cane sugar in production fornany years, takinc the lead as

arly as 190«< oaaanpiioa lorreawa

Sugar produced in the UnitedItates Is aaid to be approximate!vne-fourth of the quantity conumed.and both the t«nal ano p^«^pita consumption have steadilyncreased. The per capita may 71ounds a year during 1*01-190."., and8 pounds during 1*0 -1910.In 1913 and 1914 the two pre-warears, the per capita consumptionos#» to 9 and 90.5 pound*, respectivelyIn the first year of the wai

915. it dropped to 87 5 pound*, andn 19l lo 79 6 pounds. A rise to35 pounds was noted in 1917.America's first year in the mar Depitethe popular impression of s

ugar scarcity in 191*. the rate thatear van 78 7 pounds, followed In919 by 84.2 poundsThen rame s period of extraordilarysugar consumption with 92ounds in 1920. and the total arose

o th*» enormous quantity of 9.7.*»B.00.000pounds. or 1.000.000 .^000

>ounds more than in the precedingear.

Expert German EngineerExpected in Argentina

The Review of the River Plate is

reei»onsib|e for the »alormat ion

transmitted by Consul General R«bprison that the «k:ef engineer ofthe German Tclefijken RadiographicCompany" was to leave forBuenos Ayres the latter part of Novembercarrying with him part of

the material for the high-poweredwireless station which is to b^

erected in Argentina by the 'Trtn«radioCompania RadiotclrgraflcaArgentina. S. A " This companyhas heen organised to operate overteatireless telcrraphy betwcea^Argentina and Europe Material-foethe six 210-meter towers, as alsothe hinh-tenslon machinery, were

to he shipped shortly; the wirelessapparatus itself is not rxpected untilafter the erection of the tower*.

MERCHANTS AND MINERSTraaapertatioB Cwptaj.

E»tabU*fc*d 1»MMiltioaia of P«»»en**r» Carried Net a lift

iMtDHCTHV VIA VOKPOIilduaiu.l mondatvripat 4pm

PROVIDENCE x':nToYrnlfr u.

SAVANNAH i r*n»AT.Jacksonville:* r "

Ileal* and bertn id atatereen om kfaiaOe-k includedTIER 3. PRATT *T TT.I. IT PATL UK

BALT1MOBB

e0ft t ruiu«Ccahler

WJF9 nB ATOir lcrnrrf

FS 1 R Aaaiataat Cukiar

rs If george 0 ti&e

f[HiBX Mi Aiinuat Caikiw

t Say't Save.a complete failure.you

power and determination.lakes room for those whoup promise by performX)

from your pay and deKingSavings Department.;tween success and failure.

Tomorrow from> 5:30 P. M.

itional liank j^CTON DC. *

r -»

ocing Ihe U. S. Treasury« ! ». Kl.MMI.MNi

i>ec. 3». itao. »2ft.iaojN»4.*a1

I