Presse et revues
8 pages
Titre : The New York herald tribune
Éditeur : [s.n.] (Paris)
Date d'édition : 1937-10-28
Notice du catalogue : http://catalogue.bnf.fr/ark:/12148/cb32823406b
Type : texte texte
Type : publication en série imprimée publication en série imprimée
Langue : anglais
Description : 28 octobre 1937 28 octobre 1937
Description : 1937/10/28 (A51,N18287). 1937/10/28 (A51,N18287).
Droits : Consultable en ligne
Identifiant : ark:/12148/bd6t520172h
Source : Bibliothèque nationale de France, département Philosophie, histoire, sciences de l'homme, GR FOL-PB-1751 (BIS)
Conservation numérique : Bibliothèque nationale de France
Date de mise en ligne : 22/11/2020
4
NEW YORK HERALD TRIBUNE, PARIS, THURSDAY, OCTOBER 28, 1937
News of Americans in Europe
NEW YORK
Hcralb ^Tribune
EUROPEAN EDITION
Published by The New York Herald Co.
Ste. An. Fran?aise au capital de 2,500,000fr.
OGDEN REID,
President-.-
LAURENCE HILLS,
Editor and General Manager.
OFFICES: HERALD BUILDING
21 Rue de Berri, Paris.
Tel.: Elysdes 12-87, 03-57.
Long distance: Inter-Elysdes 112
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Manuscripts and other editorial commu
nications should be sent to the Editor, 21 Rue
de Berri, Paris (8e.).
Paris, Thursday, Oct. 28, 1937
New TNT Club Officers
To Be Inducted Saturday
The first executive committee meeting
of the TNT Club under the chairman
ship of the organization’s newly-elected
keeper, Hugh Robinson, was held yes
terday. Formal induction of the new
officers will take place at the October
Ale Explosion to be held on Saturday
with only members invited.
At the meeting yesterday Ferdinand
Lambrecht, was made honorary keeper
of the club by acclamation. It is the
first time in the history of the organi
zation that this honor has been ac
corded.
Other appointments made were those
of Sydney R. Clarke as executive secre
tary, Frank S. Jacott as historiographer,
James McCann as chairman of the
membership committee, Albert Son-
dime as chairman of the house com
mittee, and Hubert Roemer as chair
man of publicity.
Colonel Horace H. Fuller, Military
Attache at the American Embassy in
Paris, and Mrs. Fuller have returned
from a stay of several weeks in Amer
ica and are at the Plaza-Athenee. They
crossed on the Washington.
Mr. Bernard Wait, Treasury Attache
at the American Embassy in Paris, and
Mrs. Wait, who were in the United
States for about a month, returned to
Paris yesterday, having crossed on the
Washington, and are at their home in
the Rue Jean-Goujon.
Mr. Thomas J. Watson, on the oc
casion of the meeting of the Council
of the International Chamber of Com
merce tomorrow, is giving a dinner
at night at the Ritz. At the same
time, Mrs. Watson is entertaining the
wives of the members to the meeting
at dinner at the Meurice.
Mr. William B. Yeager, Assistant
United States Commissioner to the Ex
position, gave a luncheon yesterday at
the Tour d’Argent for American mem
bers of the International Jury of the
Exposition. Among those who attended
were: Senator George Radcliffe, of
Maryland; Mr. Thomas H. Claffey, Mr.
Hart O. Berg, Mr. Harry Grimes, Mr.
Lawrence Daymont, Mr. William
Jenter, Mr. Thomas A. Calnan, Mr.
John W. Chandler, Mr. Leonard J.
Cromie, Mr. Raymond Harper, Mr.
Clair G. Irish, Dr. Horatio Krans, Mr.
Paul Marozeau, Captain R. Moore, act
ing British Commissioner, Mr. Hugh B.
Robinson, Mr. Thoreson, Mr. John
Thoreson, Mr. Roy Weeks, Mr. Gilbert
White and Mr. Adrian Waldorf.
Mrs. R. Amcotts Wilson has gone to
Austria, where she will remain until
November 10, when she will be in Paris
at the Ritz. Mrs. Wilson, following her
usual custom, will go to Palm Beach
for the winter.
Mrs. Samuel J. Pierce, sister of Mr.
William Dodsworth, who crossed on the
Washington, will visit her brother for
several weeks.
Leslie Lady Doverdale, who returned
from London where she was for a few
days, has left the Ritz for Austria to
be there for a few weeks; returning
later to this city.
Miss Jane Branch is abroad for the
winter and will be in Paris, where she
is studying.
Mr. and Mrs. Charles E. Bedaux sailed
yesterday on the Europa for a stay of
several months in America. During
their stay in Paris they have been at
the Ritz.
Mr. and Mrs. Mortimer Livingston, of
New York, frequent visitors to Paris,
crossed on the Washington and are at
the George V while here.
Mrs. Carrie S. Goen arrived in Paris
last week to pass the winter with her
daughter, Mme. Marcel Coudeyre, re
siding in the Rue de Passy.
Mrs. Fanny M. Linz, who arrived in
Paris a month ago with her son, Mr.
Arthur Linz, having crossed on the Nor
mandie, sailed yesterday on the Queen
Mary for her home in Washington
Square, New York. Mr. Linz visited
Germany, Austria and England and
joined his mother on the boat at
Southampton.
Mr. and Mrs. Albert Lubell, who came
abroad in July and motored in Scot
land and England, later visited the
Scandinavian countries and Russia be
fore coming to Paris, where they are at
the Liberia. They will be here part of
the winter and will go to Italy later.
They plan to be abroad until the end
of next summer.
Mr. and Mrs. Newton Buckener, of
New York, who have been making a
tour of Europe, have arrived in Paris,
coming from Munich, and are at the
George V before going to London.
Mrs. Ethel Leffingwell, after a so
journ in Paris at the Scribe, is leaving
soon for America.
Mr. Felix Woodwell, of New York,
who has been in Paris at the Astoria,
is leaving today for Berlin.
Mrs. Fritz Wachtel, of New York, is
at the Grand Hotel for a few days prior
to her departure on the Washington
next Thursday. She has been in Eu
rope since June, traveling through Italy,
Carlsbad, Cannes and Belgium and mo
toring through Switzerland with her
sister-in-law, Mme. M. Ender, of Brus
sels.
Mr. and Mrs. C. N. Snavelley, of
Lancaster, who arrived recently from
America, are in Paris for a fortnight’s
stay and are at the Continental.
Traveling in Europe
Mrs. Louisa Moore, who was at the
Continental while in Paris, has left for
England, accompanied by Mrs. Arthur
E. F. Moore.
Mr. and Mrs. J. Walson, of New
York, have been staying at the Royal-
Monceau while in Paris. They will be
here several days and will then go to
England.
Mrs. E. Mayor, who has been at the
Chambord for the past week, is leaving
soon for England.
Mrs. Carrie Roberts, who was abroad
for several months and traveled ex
tensively in Europe, was at the Crillon
for a fortnight before her departure
for America.
Mr. L. Tirelli, of New York, who ar
rived Monday from the Queen Mary,
is at the Scribe for a week, when he
leaves for Italy.
Mr. and Mrs. E. P. Bermuth are at
the Carlton while in London and are
expected in Paris before sailing.
Mrs. W. Brumdick, of Baltimore, who
was in London for several weeks, ar
rived- in Paris recently, where she has
been at the Continental. She will sail
the end of the month for America.
Mr. and Mrs. F. S. Hird, of Seattle,
who came abroad for a stay of several
months and have been traveling in Eu
rope, are now in Paris at the Royal-
Monceau.
What Is Going
On in Paris
American Club luncheon, Cercle Inter-
allie, 33 Rue du Faubourg Saint-
« Honore, 12:30 p.m. Guest speaker.
Brigadier General Henry J. O’Reilly,
Far Eastern expert, on: “Does the
Sino-Japanese Conflict Mean Any
thing to Us?"
Paris Exposition of Arts and Tech
niques: Open from 9 a.m. to 11:30
p.m.; public admitted at thirty
entrances around the grounds.
Concours Lepine: Inventors’ Fair,
Porte de Versailles.
Opera: No performance.
Opera-Comique: “Werther,” 8:30 pm.
Exposition of Masterpieces of French
Art: at the Palais des Arts Mo-
dernes, Avenue du President Wil
son.
Exhibition of “Masters of Independent
Art,” at the Petit Palais; 4,000
works of outstanding artists, 1895-
1925.
Musee du Jeu de Paume: Exposition of
international art since the death of
Cezanne.
Chateau de Versailles: Museum Cen
tenary Exposition of “Two Cen
turies of French History.”
Gazette des Beaux-Arts, 140 Rue du
Faubourg St.-Honore: El Greco Ex
position.
Musee Galliera: Exposition of 100 years
of Paris costumes, 1800-1900.
Musee de 1’Orangerie: Rembrandt Ex
position, including the Edmond de
Rothschild collection. Ends Octo
ber 31.
Racing: Maisons-Laffitte, 2 p.m.
Greyhound Racing: Stade de Courbe-
voie, 8 p.m.
Berlin Arrivals
BERLIN.—Americans now staying at
the Central Hotel here include: A. G.
Chapparo, Anna M. Malick, William
Scott, Richard Kimbel, J. L. Knight,
Albina R. Heroux, E. L. Fuller, Robert
Sherwood Lee, E. H. Latham, Paul J.
Short, John Kreitzer, Robert N. Stevens,
Walter B. Stewart, J. R. Nicholas, W.
H. Donahue, John Mull jr., and Otto
Lundell
Death
COLE.—In Paris, very peacefully, on
October 26, Marie Louise Pollock, widow
of Dr. William Howard Cole, R.I.P.
Notice of funeral later. New York and
California papers please copy.
The Belgian Crisis
It is one of the weaknesses of full-
fledged democracy that a change of
government may come at any time,
even when circumstances make it least
desirable. This is particularly true of
the present crisis in Belgium. The
Cabinet disappears on the eve of an
important international conference in
Brussels, and with it goes a Prime
Minister who has been intrusted by the
leading European powers, and, indirect
ly, by the United States, with the task
of drafting a plan of world monetary
and financial reform, with a view to
the removal of the obstacles blocking
international trade channels. The Nine-
Power Treaty Conference has already
been postponed, thereby interfering
with the arrangements of the score of
nations that have been invited, and
progress in the fulfillment of the inter
national mission, which M. Van Zee-
land accepted while Premier, is now no
more than a hope.
The Belgian crisis is thus doubly un
welcome from the international point
of view, but the loss to Belgium is bad
enough. As the head of two successive
governments since March, -1935, M. Van
Zeeland has not only succeeded in
restoring a measure of prosperity to
Belgium, but he has accomplished the
political feat of keeping together the
three mutually hostile parties—Social
ists, Catholics and Liberals—in a na
tional coalition. As he himself pointed
out in his broadcast statement last
Monday, his work of economic recon
struction is not complete, and, unless
the national unity which Belgium has
known during the last two years is
maintained, the labor of long months
may be undone in a short time. Most
Belgians will agree with these senti
ments, but the difficulty is to find an
other person who can tackle Belgium’s
economic problems with the same cou
rage as M. Van Zeeland has shown,
and who can at the same time impose
his leadership in the difficult Parlia
mentary situation which has existed in
Belgium through several recent elec
tions.
With such national and international
Issues at stake the events which forced
M. Van Zeeland out of office show up
party politics in one of its worst phases.
For some time the parties represented
in his Cabinet had been chafing under
the impossibility of expressing open dis
agreement with his policies, which some
disapproved and others only half-heart
edly approved. Twice before the present
crisis, M. Van Zeeland offered to re
sign. He remained at his post only at
the earnest request of King Leopold.
But party politics finally had its own
way after a campaign of personal at
tack. It is unfortunate for the cause
of democracy that this campaign suc
ceeded, for the disappearance of M. Van
Zeeland from the gallery of world states
men at this juncture will be regretted
by many people outside Belgium as a
loss which might have been avoided if
party politics was more mindful of its
responsibilities than of its exigencies.
The engagement is announced of Miss
Lucy Tew, daughter of Mr. and Mrs.
William Henry Tew, of New York, to
Prince Nicolas Dadiani, son of Prince
and Princess Dadiani of Georgia. Miss
Tew, the niece of Countess Paul Kotze
bue, has been a frequent visitor to
Paris as the guest of her aunt and is
at present at her home in the Rue
Barbet-de-Jouy. She is a graduate of
Miss Chapin’s School and made her
debut in New York in 1929. Prince
Dadiani, whose father had a high posi
tion at court, has been living in Paris
with his parents. No date for the wed
ding has been set, but it is expected
to take place this winter. Countess
Kotzebue, who is now in America, is
expected to return soon to Paris.
Countess Giovanni Cardelli, who has
been residing in Chicago, arrived yes
terday from the Washington to be at
her home in the Rue Octave-Feuillet.
Mrs. Frederic Jennings Parsons has
returned from her summer vacation,
which she passed in Ouchy-Lausanne
at the Beau-Rivage. Mrs. Parsons ^ is
resuming her Sunday afternoon “at
homes” at her residence in the Rond-
Point Bugeaud.
The Earl of Craven is the guest of
Lord and Lady Decies at their home
in the Rue des Saints-Peres. He is the
great-grandson of Mr. and Mrs. Bradley
Martin, of New York. Lady Decies is
having her portrait painted in corona
tion robes by M. Jean de Botton, who
is painting a canvas, thirty feet long,
depicting scenes of the coronation, for
the King and Queen of England, to be
placed in Windsor Castle.
The first of the Nadia Boulanger
morning musicales for this season Is
taking place this morning at the
George V at 11:30. The clavecin will
be used in the group of old music,
a part of the program. Additional
persons who have subscribed include:
Mme. Millerand, Mrs. J. Loudon, wife
of the Minister from the Netherlands;
Mrs. Wayne Cuyler, Mrs. Gustave
Porges, Mrs. Francis Cogswell, Mme.
Raymond Patenotre, Mrs. S. W. Straus,
Miss G. C. Beach, the Comtesse de
Casteja, Countess Mercati, Mme. Paul
Morand, Mr. and Mrs. Atherton Curtis,
Mrs. Benno Hart, Mrs. John B. Robin
son, Princesse Guy de Polignac and
Mme. Bugarric.
Mrs. Mathew Dick, of Newport, Is
expected in Paris today to join Mr. Dick
at the Ritz. They are sailing next
Wednesday on the Normandie for
America.
Mr. and Mrs. Montaigu La Montagne,
who are at the Prince de Galles, will
be in Paris until November 6, when
they sail on the Bremen for a visit in
the United States.
Miss Angelica Fales, of New York,
who came abroad recently, is to be in
Paris for the winter. She is a cousin
of Mrs. Max J. Favager, who resides
here.
Mr. and Mrs. Theodore W. Case, who
were at the Ritz during their visit in
Paris, left yesterday on the Queen Mary
for their home in Auburn, N.Y. They
were abroad for the late summer and
early fall.
Mrs. John S. Tennant 2d gave a
house-warming party yesterday at her
new apartment in the Boulevard de
Bineau, at Neuilly. Mme. Marga Gort-
mann entertained with several piano
selections. Among the guests were: Mrs.
Paul G. Pennoyer, Mrs. Nathan Henry
Wentworth, Mrs. Etienne de Meeus, Mrs.
Henry Bayon, Mrs. Alfred A. Gaipa,
Mrs. P. Ussher, Mrs. Dorothy Gootch,
Mrs. Ugo Guerinni, Miss Jane Branch,
Miss Angelica Fales, Mrs. William Sims,
Mrs. Max J. Favager and Mrs. H. Earle.
Trailer Tintypes By Webster
Letters From The Mailbag
International Politics
Genoa, Oct. 25.
To the Editor, European Edition:—
To ridicule or criticize anything Amer
ican could be amusing, but the discus
sion of international politics broke up
the Marchese Gonzaga family with a
glass of liqueur in the face, and divorce.
Let us hope this happened nowhere
near that happy fairy-tale garden of
international politics in Rome.
We, too, are awfully tired of not one,
but all the propagandists who see as
far as their own noses and repeat like
parrots what is given for home con
sumption in newspaper and speech.
MARY DOTY.
Street Names
Paris, Oct. 26.
To the Editor, European Edition :—
Overhearing two Englishmen talking
of the difficulty they had to find the
Boulevard des Italiens when they were
in the Boulevard des Capucines and
thought the other street was at right
angles to it, recalls how often in Eu
ropean cities long streets, and some
times short ones, change their names.
In England we have the instance of
the Bayswater Road becoming Oxford
Street and then New Oxford Street and
after that, Holborn and various other
things.
In the Colonial days at home, Wash
ington Street in Boston was Orange
Street and then Newbury and Exeter,
the last two names being placed later
on streets in the Back Bay when
Washington Street became the name
of one long highway extending through
the central part of the town.
One wonders if this habit in the
United States of simplifying things
even to the stage when streets bear
numbers instead of names, is not at
the very base of the reason why our
country has gone so far ahead in
material things and in the process lost
so much of its old charm.
It may be easier to find an address
on Washington Street in Boston or
42nd Street in New York than in the
Boulevards de la Madeleine, des Ca
pucines or Italiens in Paris; but the
mere matter of facility and what is
most practical is not the thing which
makes for the allure of a place.
H. R. SWASEY.
Sonnet
Paris, Oct. 23.
To the Editor, European Edition :—
SUGGESTED BY LA PLACE DE L’OPERA
Mid that eternal hush of desert’s night,
I halt for repose ’neath a star strewn sky.
Now far off it seems as fair hopes gone by.
Only tinkling camel-bells wake a sigh
As tired Arabs in dreamless sleep unite.
Yet ah, the desert-sounds, so soundless, smite
My list’ning soul as a thousand voices might,
And solitude’s quiet comes never nigh.
But when my caravan has reached some port,
Where multitudes of strangers cry their wares,
And loud wrangling voices chant wordy prayers
In tongues confused as ancient Babel’s court,
I shall find peace, in spite of false report.
For solitude haunts the crowd’s thoroughfares.
PAUL SWAN.
Paderewski and Poland
Le Rialto, Vevey, Oct. 27.
To the Editor, European Edition:—
It would seem rather better for the
fame of Paderewski were he to devote
the remainder of his life to the exercise
of his incomparable talent of pianist,
instead of re-entering the troubled
arena of Polish politics at the age of
77, especially at the end of a sort of
“Front Populaire,” composed of a hete
rogeneous mass of ignorant peasants,
Communists, Socialists and discontented
politicians. Paderewski belongs to the
class of intellectual, but rather im
practical, dreamers, theorists and
idealists, and his views are naturally
the opposite of those of the late
lamented hero of Poland, Marshal
Pilsudski, an eminently practical man
of action.
Marshal Pilsudski devoted his entire
life to regain and retain the inde
pendence of Poland. He knew the
horrors of Siberian exile under the
Czars and the gloom of Prussian dun
geons in the days of autocracy, and in
1922 he saved Poland from another
Russian attempt at conquest. He gov
erned Poland with an iron hand, but
for the unity and independence of the
country and the good of the Polish
people.
Paderewski believes in democracy
and in the rule of what Matthew
Arnold, rightly or wrongly, called “the
unsound majority, rushing headlong
toward ruin, and only saved, if saved
it be, by the efforts of the minority, or
remnant." Pilsudski believed in an
enlightened despotism until the people
became ripe for self-government, al
though he always emphatically re
pudiated the title of dictator.
The general average of Polish culture,
after only 18 years of freedom from a
century of Russian, Prussian and
Austrian tyranny, is still below the level
requisite for a safe government by the
majority, or masses. In such cases,
where democracy comes before maturity,
the masses are likely to be led by an
intellectual proletariat of irresponsible
demagogues, whose only objective is the
spoils of office and public plunder, in
the shape of sinecures for political
friends and subsidies for individuals or
groups or syndicates of political sup
porters, all, ol course, at the expense
of the taxpayers. Camille Pelletan,
the French extremist, used to say that
“La democratic n’est pas bon marche.”
In other words, that democracies are
apt to be too generous with the money
of the taxpayers.
It is only when the general average
of the Polish people has been leveled
up, by the diffusion of education and
culture, to a higher standard of intel
ligence that Poland will be prepared
for the advent of Paderewski. Let us
hope that he will live long enough to
see that day.
REGINALD H. WILLIAMS.
An Orphan Needs a Friend
Paris, Oct. 27.
To the Editor, European Edition :—
One of the Catholic orphanages in
Paris is at present without the means
to pay for the keep of a little eight-
year-old girl whom it desires to take and
is seeking a benefactor who would be
interested in aiding her. The child is
without parents and until now has been
with someone who can no longer afford
to keep her. I am submitting this in
formation to the Mailbag in the hope
that an American will be interested in
looking into her case.
A SISTER.
Orphelinat de la Providence,
13 Rue du Regard, Paris.
•
Les Salons
et La Ville
Par Rene Richard
L’Exposition a enfin donne la parole
aux poetes. Ceux-ci s’expliquent dans
des conferences, a coeur ouvert. S’ils
jouissent, en metrique, de licences poe-
tiques, ils ont aussi pleine liberte ly-
rique pour exprimer leur ame. Et ils
usent largement de cette liberte, si l’on
en juge par la causerie de M. Francis
Jammes.
Le doux poete virgilien et franciscain
est avant tout un Bearnais truculent,
dont les propos ne manquent pas de
vivacite. 11 commenqa par parler de
gourmandise et des bonnes choses que
l’on sert dans son pays, a la table de
Francois Mauriac et a la sienne. Puis
il parla de son age et des cent ans
qu’il atteindra peut-etre, en ajoutant :
“C’est l’age de l’inutilite; je serai
mur pour entrer a l’Academie Fran-
caise ”. Enfin, il raconta sa conversion
du paganisme au catholicisme, sous
l’influence de Paul Claudel, et com
ment son premier poeme religieux lui
valut la rigueur de plusieurs de ses
confreres, “ la mere Noailles entre au-
tres ”, murmura-t-il entre les dents.
On voit que les poetes ne sont pas
toujours fleuris de comparaisons flat-
teuses. La verve de Francis Jammes
est parfois sans indulgence. Mais l’au-
ditoire ne s’est pas ennuye un instant.
Renseignements Mondains.
Le Maharaja de Kapurthala et sa
suite, apres avoir passe l’ete en Eu
rope, quittent aujourd’hui l’hotel George
V pour les Indes, s’embarquant par le
Strathnaver.
Chasses.
Chantilly celebrera samedi la Saint-
Hubert par une grande journde de
venerie et une chasse en foret de Chan
tilly. Le soir, a 20 heures 30, illumina
tion du chateau, curee aux flambeaux,
concerts de trompes, embrasement de
la foret.
Mariages.
On apprend les fiancailles du baron
Maurice de Koenigswarther avec Mile.
Denise de Cayeux de Senarpont.
Mile. Celita Villar Saenz Pena, fille
du Dr. Luiz Villar Saenz Pena, avo-
cat a Paris, et petite-fille de l’ancien
President de la Republique Argentine,
Today and Tomorrow! n<
By Walter Lippmann
What Are the Stock Markets
A T a time like this when nobody
fully understands the behavior of
the stock market or can judge the pros
pects of business, the natural thing
to do is to look around for a scapegoat,
Yet the fact is that if any one foresaw
that within two months of the adjourn
ment of Congress, the whole advance in
security prices since 1935 would be
wiped out, he kept that knowledge a
well guarded secret. If we are candid
and fair, we must admit, I think, that
however much we may have regarded
the New Deal as unsound, there was no
one who knew, say on August 15, that
the stock market was about to collapse
or that a considerable depression might
be about to begin.
On the contrary, almost every one I
know supposed that unsound conditions
here and abroad—such as the holding
back of productive labor and the vast
unproductive expenditures on arma
ments and public works combined
with inflationary financing in every
great nation—would lead not to a sud
den collapse but to a dangerous rise
in prices. For that reason no one is in
a position to discuss the situation on
the assumption that he foresaw the
event and said so.
The fundamental fact of the matter
is that there does not exist any de
pendable scientific knowledge of + he
business cycle. The whole subject is
still obscure; the data have never been
fully ascertained and the theory is
still very much unsettled. In the study
on “Prosperity and Depression” just
made for the League of Nations by
Professor Gottfried von Haberler of
Harvard University, 158 pages are re
quired in order to summarize the diver
gent theories held by reputable and
competent economists. We are ob
viously moving in a region, therefore,
where nobody knows clearly what he
is talking about, in a region not yet
brought securely within the frontiers
of human knowledge.
But the matter is complicated further
by the fact that the economic process,
which no one understands very well, is
today in every part of the world subject
to the management of politicians, mys
tics, demagogues, prophets and soldiers,
who do not understand it at all. In
the nineteenth century, although no
nno knew much about the business
cycle, recovery used to come after a
while because nobody interfered with
it. But nowadays nearly every govern
ment has taken charge of its own sector
of the economic system, and what we
are experiencing is neither a natural
recovery nor an administered recovery,
but a bad combination of the two.
No one knows what these providentia.
governments are going to do next be
cause they themselves do not know.
They live on a twenty-four-hour basis,
with one eye on the stock market, an
other on a few dubious statistics, with
their hand on what they call the public
pulse and their ears to the ground.
Under these conditions private initia
tive is, of course, paralyzed since no
man knows what the government will
demand of him tomorrow, and govern
ment initiative is paralyzed because the
government does not know from day
to day what it is going to imagine the
people want.
It may well be that the consensus
reflected in the stock markets of the
world is truer than the opinions of any
individual trading in them or comment
ing upon them. What these markets
seem to say is that the whole recovery
of the past two years at any rate was
insubstantial and impermanent, that it
represented, not a true revival of the
production of goods for exchange, but
a governmental boom, subsidized by
paper money and devoted to arma
ments, public works and doles.
They seem to say that in America and
abroad, for one reason and another, a
genuine recovery beyond the levels of
1935 has been prevented. The stock
markets seem, in other words, to be
responding not to the mechanical ef
fects of monetary inflation but to be
reflecting the realistic judgment of
business men on the prospects of pri
vate business.
s’est fiancee le 19 octobre a M. Nor-
berto Lynch Quirno.
Fiancailles.
Le prince Nicolas Dadiani, ancien
marechal de la noblesse en Mingrelie,
et la princesse, nee princesse Tsereteli,
sont heureux d’annoncer les fiangailles
de leur fils, le prince Georges Dadiani,
avec Miss Lucy Tew, fille de Mr. Wil
liam Henry Tew et de Mrs., nee
Eleanor Atwood Scott.
Deuils.
Nous apprenons la mort du due de
Talleyrand, decede subitement le 25
octobre, a Paris. Le service religieux
sera celebre dans l’intimite, vendredi
29 courant, a 11 heures, en l’eglise
americaine (avenue George-V).
M. Pierre Durand-Ruel et Mme, nee
Roman, ont la douleur de vous faire
part de la mort de leur fille Annie,
decedee le 26 octobre a l’age de sept
ans.
Les obseques auront lieu le vendredi
29 octobre, a 10 heures, en l’eglise
Saint-Philippe du Roule oil Ton se reu-
nira. Le present avis tient lieu de
faire-part.
Les annonces de naissances, fiangail-
les, mariages, ddees, etc., sont regues a
VOffice Special de Publicity, 29 Boule
vard des Italiens. Richelieu 69-31-—Advt
ANNOUNCEMENTS
of course, at the service of th
tary; there is virtually no
lSft. In Prance ana i„ lh ?'f
States, to a much lesser degree ■
tain, the capitalist system is 1111
at its core by the fact that
in power is hostile to that
We are trying to operate a cant, 1
system under a government which 1
likes the system and would if >
the courage and the power,’ r l! 'i
by the collectivist system. I
This inner conflict between th I
ture of free capitalism and the real 1
poses of the government has J 5 !
a deadlock. Business cannot n !
because it is terrorized by a °°
Dealers; the New Dealers cannot
ceed because, being only half-h 1
collectivists, they do not dare to n
out the logic of their own ideas %
the New Dealers would like is to
very prosperous business which
could milk in order to provide th?
sidies upon which their political
is founded. They would like, so to Li
to have capitalism finance its j
gradual extinction.
That they cannot have. If they,,
a prosperous capitalism, they vil]
to give business the security
which it can prosper; if they-,
collectivism, they must be preparejl
face the grim fact that, once the;
made the choice, capitalism wi
go on imperturbably producing m
for them, but will become parai^^_
and will stagnate. They can move Fuller ’
collectivism only through a severe FuIler:
pression and a great social crisis, i ch<§ ’ a
cannot move into it accompanied;']
Joyous boom.
That is the real issue. In
the issue came to a head last suit]
and the French New Dealers 1
since been saving their faces «
retreated. Here, the issue seems il
coming to a head now. But since I
have irresponsible personal govemJ
in Washington, no one can knoiI
Mr. Roosevelt will meet the ta, I
ART DEALERS
WILDENSTEIN k
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It would appear as if men as men
still had within themselves all the
energies that have in the past caused
them to work, to save and to be enter
prising, but that those energies are
throttled, not merely in Washington,
but almost everywhere in the world.
In the totalitarian states everything is,
Les 1
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NEW YORK HERALD TRIBUNE, PARIS, THURSDAY, OCTOBER 28, 1937
News of Americans in Europe
NEW YORK
Hcralb ^Tribune
EUROPEAN EDITION
Published by The New York Herald Co.
Ste. An. Fran?aise au capital de 2,500,000fr.
OGDEN REID,
President-.-
LAURENCE HILLS,
Editor and General Manager.
OFFICES: HERALD BUILDING
21 Rue de Berri, Paris.
Tel.: Elysdes 12-87, 03-57.
Long distance: Inter-Elysdes 112
INFORMATION BUREAU
AND READING - ROOM
Telegraphic address: Herald, Paris, 45.
Registre du Commerce: Seine No. 20.162.
Ccmpte Cheques Postaux No. 380-13. Paris
European Edition founded in 1887.
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Manuscripts and other editorial commu
nications should be sent to the Editor, 21 Rue
de Berri, Paris (8e.).
Paris, Thursday, Oct. 28, 1937
New TNT Club Officers
To Be Inducted Saturday
The first executive committee meeting
of the TNT Club under the chairman
ship of the organization’s newly-elected
keeper, Hugh Robinson, was held yes
terday. Formal induction of the new
officers will take place at the October
Ale Explosion to be held on Saturday
with only members invited.
At the meeting yesterday Ferdinand
Lambrecht, was made honorary keeper
of the club by acclamation. It is the
first time in the history of the organi
zation that this honor has been ac
corded.
Other appointments made were those
of Sydney R. Clarke as executive secre
tary, Frank S. Jacott as historiographer,
James McCann as chairman of the
membership committee, Albert Son-
dime as chairman of the house com
mittee, and Hubert Roemer as chair
man of publicity.
Colonel Horace H. Fuller, Military
Attache at the American Embassy in
Paris, and Mrs. Fuller have returned
from a stay of several weeks in Amer
ica and are at the Plaza-Athenee. They
crossed on the Washington.
Mr. Bernard Wait, Treasury Attache
at the American Embassy in Paris, and
Mrs. Wait, who were in the United
States for about a month, returned to
Paris yesterday, having crossed on the
Washington, and are at their home in
the Rue Jean-Goujon.
Mr. Thomas J. Watson, on the oc
casion of the meeting of the Council
of the International Chamber of Com
merce tomorrow, is giving a dinner
at night at the Ritz. At the same
time, Mrs. Watson is entertaining the
wives of the members to the meeting
at dinner at the Meurice.
Mr. William B. Yeager, Assistant
United States Commissioner to the Ex
position, gave a luncheon yesterday at
the Tour d’Argent for American mem
bers of the International Jury of the
Exposition. Among those who attended
were: Senator George Radcliffe, of
Maryland; Mr. Thomas H. Claffey, Mr.
Hart O. Berg, Mr. Harry Grimes, Mr.
Lawrence Daymont, Mr. William
Jenter, Mr. Thomas A. Calnan, Mr.
John W. Chandler, Mr. Leonard J.
Cromie, Mr. Raymond Harper, Mr.
Clair G. Irish, Dr. Horatio Krans, Mr.
Paul Marozeau, Captain R. Moore, act
ing British Commissioner, Mr. Hugh B.
Robinson, Mr. Thoreson, Mr. John
Thoreson, Mr. Roy Weeks, Mr. Gilbert
White and Mr. Adrian Waldorf.
Mrs. R. Amcotts Wilson has gone to
Austria, where she will remain until
November 10, when she will be in Paris
at the Ritz. Mrs. Wilson, following her
usual custom, will go to Palm Beach
for the winter.
Mrs. Samuel J. Pierce, sister of Mr.
William Dodsworth, who crossed on the
Washington, will visit her brother for
several weeks.
Leslie Lady Doverdale, who returned
from London where she was for a few
days, has left the Ritz for Austria to
be there for a few weeks; returning
later to this city.
Miss Jane Branch is abroad for the
winter and will be in Paris, where she
is studying.
Mr. and Mrs. Charles E. Bedaux sailed
yesterday on the Europa for a stay of
several months in America. During
their stay in Paris they have been at
the Ritz.
Mr. and Mrs. Mortimer Livingston, of
New York, frequent visitors to Paris,
crossed on the Washington and are at
the George V while here.
Mrs. Carrie S. Goen arrived in Paris
last week to pass the winter with her
daughter, Mme. Marcel Coudeyre, re
siding in the Rue de Passy.
Mrs. Fanny M. Linz, who arrived in
Paris a month ago with her son, Mr.
Arthur Linz, having crossed on the Nor
mandie, sailed yesterday on the Queen
Mary for her home in Washington
Square, New York. Mr. Linz visited
Germany, Austria and England and
joined his mother on the boat at
Southampton.
Mr. and Mrs. Albert Lubell, who came
abroad in July and motored in Scot
land and England, later visited the
Scandinavian countries and Russia be
fore coming to Paris, where they are at
the Liberia. They will be here part of
the winter and will go to Italy later.
They plan to be abroad until the end
of next summer.
Mr. and Mrs. Newton Buckener, of
New York, who have been making a
tour of Europe, have arrived in Paris,
coming from Munich, and are at the
George V before going to London.
Mrs. Ethel Leffingwell, after a so
journ in Paris at the Scribe, is leaving
soon for America.
Mr. Felix Woodwell, of New York,
who has been in Paris at the Astoria,
is leaving today for Berlin.
Mrs. Fritz Wachtel, of New York, is
at the Grand Hotel for a few days prior
to her departure on the Washington
next Thursday. She has been in Eu
rope since June, traveling through Italy,
Carlsbad, Cannes and Belgium and mo
toring through Switzerland with her
sister-in-law, Mme. M. Ender, of Brus
sels.
Mr. and Mrs. C. N. Snavelley, of
Lancaster, who arrived recently from
America, are in Paris for a fortnight’s
stay and are at the Continental.
Traveling in Europe
Mrs. Louisa Moore, who was at the
Continental while in Paris, has left for
England, accompanied by Mrs. Arthur
E. F. Moore.
Mr. and Mrs. J. Walson, of New
York, have been staying at the Royal-
Monceau while in Paris. They will be
here several days and will then go to
England.
Mrs. E. Mayor, who has been at the
Chambord for the past week, is leaving
soon for England.
Mrs. Carrie Roberts, who was abroad
for several months and traveled ex
tensively in Europe, was at the Crillon
for a fortnight before her departure
for America.
Mr. L. Tirelli, of New York, who ar
rived Monday from the Queen Mary,
is at the Scribe for a week, when he
leaves for Italy.
Mr. and Mrs. E. P. Bermuth are at
the Carlton while in London and are
expected in Paris before sailing.
Mrs. W. Brumdick, of Baltimore, who
was in London for several weeks, ar
rived- in Paris recently, where she has
been at the Continental. She will sail
the end of the month for America.
Mr. and Mrs. F. S. Hird, of Seattle,
who came abroad for a stay of several
months and have been traveling in Eu
rope, are now in Paris at the Royal-
Monceau.
What Is Going
On in Paris
American Club luncheon, Cercle Inter-
allie, 33 Rue du Faubourg Saint-
« Honore, 12:30 p.m. Guest speaker.
Brigadier General Henry J. O’Reilly,
Far Eastern expert, on: “Does the
Sino-Japanese Conflict Mean Any
thing to Us?"
Paris Exposition of Arts and Tech
niques: Open from 9 a.m. to 11:30
p.m.; public admitted at thirty
entrances around the grounds.
Concours Lepine: Inventors’ Fair,
Porte de Versailles.
Opera: No performance.
Opera-Comique: “Werther,” 8:30 pm.
Exposition of Masterpieces of French
Art: at the Palais des Arts Mo-
dernes, Avenue du President Wil
son.
Exhibition of “Masters of Independent
Art,” at the Petit Palais; 4,000
works of outstanding artists, 1895-
1925.
Musee du Jeu de Paume: Exposition of
international art since the death of
Cezanne.
Chateau de Versailles: Museum Cen
tenary Exposition of “Two Cen
turies of French History.”
Gazette des Beaux-Arts, 140 Rue du
Faubourg St.-Honore: El Greco Ex
position.
Musee Galliera: Exposition of 100 years
of Paris costumes, 1800-1900.
Musee de 1’Orangerie: Rembrandt Ex
position, including the Edmond de
Rothschild collection. Ends Octo
ber 31.
Racing: Maisons-Laffitte, 2 p.m.
Greyhound Racing: Stade de Courbe-
voie, 8 p.m.
Berlin Arrivals
BERLIN.—Americans now staying at
the Central Hotel here include: A. G.
Chapparo, Anna M. Malick, William
Scott, Richard Kimbel, J. L. Knight,
Albina R. Heroux, E. L. Fuller, Robert
Sherwood Lee, E. H. Latham, Paul J.
Short, John Kreitzer, Robert N. Stevens,
Walter B. Stewart, J. R. Nicholas, W.
H. Donahue, John Mull jr., and Otto
Lundell
Death
COLE.—In Paris, very peacefully, on
October 26, Marie Louise Pollock, widow
of Dr. William Howard Cole, R.I.P.
Notice of funeral later. New York and
California papers please copy.
The Belgian Crisis
It is one of the weaknesses of full-
fledged democracy that a change of
government may come at any time,
even when circumstances make it least
desirable. This is particularly true of
the present crisis in Belgium. The
Cabinet disappears on the eve of an
important international conference in
Brussels, and with it goes a Prime
Minister who has been intrusted by the
leading European powers, and, indirect
ly, by the United States, with the task
of drafting a plan of world monetary
and financial reform, with a view to
the removal of the obstacles blocking
international trade channels. The Nine-
Power Treaty Conference has already
been postponed, thereby interfering
with the arrangements of the score of
nations that have been invited, and
progress in the fulfillment of the inter
national mission, which M. Van Zee-
land accepted while Premier, is now no
more than a hope.
The Belgian crisis is thus doubly un
welcome from the international point
of view, but the loss to Belgium is bad
enough. As the head of two successive
governments since March, -1935, M. Van
Zeeland has not only succeeded in
restoring a measure of prosperity to
Belgium, but he has accomplished the
political feat of keeping together the
three mutually hostile parties—Social
ists, Catholics and Liberals—in a na
tional coalition. As he himself pointed
out in his broadcast statement last
Monday, his work of economic recon
struction is not complete, and, unless
the national unity which Belgium has
known during the last two years is
maintained, the labor of long months
may be undone in a short time. Most
Belgians will agree with these senti
ments, but the difficulty is to find an
other person who can tackle Belgium’s
economic problems with the same cou
rage as M. Van Zeeland has shown,
and who can at the same time impose
his leadership in the difficult Parlia
mentary situation which has existed in
Belgium through several recent elec
tions.
With such national and international
Issues at stake the events which forced
M. Van Zeeland out of office show up
party politics in one of its worst phases.
For some time the parties represented
in his Cabinet had been chafing under
the impossibility of expressing open dis
agreement with his policies, which some
disapproved and others only half-heart
edly approved. Twice before the present
crisis, M. Van Zeeland offered to re
sign. He remained at his post only at
the earnest request of King Leopold.
But party politics finally had its own
way after a campaign of personal at
tack. It is unfortunate for the cause
of democracy that this campaign suc
ceeded, for the disappearance of M. Van
Zeeland from the gallery of world states
men at this juncture will be regretted
by many people outside Belgium as a
loss which might have been avoided if
party politics was more mindful of its
responsibilities than of its exigencies.
The engagement is announced of Miss
Lucy Tew, daughter of Mr. and Mrs.
William Henry Tew, of New York, to
Prince Nicolas Dadiani, son of Prince
and Princess Dadiani of Georgia. Miss
Tew, the niece of Countess Paul Kotze
bue, has been a frequent visitor to
Paris as the guest of her aunt and is
at present at her home in the Rue
Barbet-de-Jouy. She is a graduate of
Miss Chapin’s School and made her
debut in New York in 1929. Prince
Dadiani, whose father had a high posi
tion at court, has been living in Paris
with his parents. No date for the wed
ding has been set, but it is expected
to take place this winter. Countess
Kotzebue, who is now in America, is
expected to return soon to Paris.
Countess Giovanni Cardelli, who has
been residing in Chicago, arrived yes
terday from the Washington to be at
her home in the Rue Octave-Feuillet.
Mrs. Frederic Jennings Parsons has
returned from her summer vacation,
which she passed in Ouchy-Lausanne
at the Beau-Rivage. Mrs. Parsons ^ is
resuming her Sunday afternoon “at
homes” at her residence in the Rond-
Point Bugeaud.
The Earl of Craven is the guest of
Lord and Lady Decies at their home
in the Rue des Saints-Peres. He is the
great-grandson of Mr. and Mrs. Bradley
Martin, of New York. Lady Decies is
having her portrait painted in corona
tion robes by M. Jean de Botton, who
is painting a canvas, thirty feet long,
depicting scenes of the coronation, for
the King and Queen of England, to be
placed in Windsor Castle.
The first of the Nadia Boulanger
morning musicales for this season Is
taking place this morning at the
George V at 11:30. The clavecin will
be used in the group of old music,
a part of the program. Additional
persons who have subscribed include:
Mme. Millerand, Mrs. J. Loudon, wife
of the Minister from the Netherlands;
Mrs. Wayne Cuyler, Mrs. Gustave
Porges, Mrs. Francis Cogswell, Mme.
Raymond Patenotre, Mrs. S. W. Straus,
Miss G. C. Beach, the Comtesse de
Casteja, Countess Mercati, Mme. Paul
Morand, Mr. and Mrs. Atherton Curtis,
Mrs. Benno Hart, Mrs. John B. Robin
son, Princesse Guy de Polignac and
Mme. Bugarric.
Mrs. Mathew Dick, of Newport, Is
expected in Paris today to join Mr. Dick
at the Ritz. They are sailing next
Wednesday on the Normandie for
America.
Mr. and Mrs. Montaigu La Montagne,
who are at the Prince de Galles, will
be in Paris until November 6, when
they sail on the Bremen for a visit in
the United States.
Miss Angelica Fales, of New York,
who came abroad recently, is to be in
Paris for the winter. She is a cousin
of Mrs. Max J. Favager, who resides
here.
Mr. and Mrs. Theodore W. Case, who
were at the Ritz during their visit in
Paris, left yesterday on the Queen Mary
for their home in Auburn, N.Y. They
were abroad for the late summer and
early fall.
Mrs. John S. Tennant 2d gave a
house-warming party yesterday at her
new apartment in the Boulevard de
Bineau, at Neuilly. Mme. Marga Gort-
mann entertained with several piano
selections. Among the guests were: Mrs.
Paul G. Pennoyer, Mrs. Nathan Henry
Wentworth, Mrs. Etienne de Meeus, Mrs.
Henry Bayon, Mrs. Alfred A. Gaipa,
Mrs. P. Ussher, Mrs. Dorothy Gootch,
Mrs. Ugo Guerinni, Miss Jane Branch,
Miss Angelica Fales, Mrs. William Sims,
Mrs. Max J. Favager and Mrs. H. Earle.
Trailer Tintypes By Webster
Letters From The Mailbag
International Politics
Genoa, Oct. 25.
To the Editor, European Edition:—
To ridicule or criticize anything Amer
ican could be amusing, but the discus
sion of international politics broke up
the Marchese Gonzaga family with a
glass of liqueur in the face, and divorce.
Let us hope this happened nowhere
near that happy fairy-tale garden of
international politics in Rome.
We, too, are awfully tired of not one,
but all the propagandists who see as
far as their own noses and repeat like
parrots what is given for home con
sumption in newspaper and speech.
MARY DOTY.
Street Names
Paris, Oct. 26.
To the Editor, European Edition :—
Overhearing two Englishmen talking
of the difficulty they had to find the
Boulevard des Italiens when they were
in the Boulevard des Capucines and
thought the other street was at right
angles to it, recalls how often in Eu
ropean cities long streets, and some
times short ones, change their names.
In England we have the instance of
the Bayswater Road becoming Oxford
Street and then New Oxford Street and
after that, Holborn and various other
things.
In the Colonial days at home, Wash
ington Street in Boston was Orange
Street and then Newbury and Exeter,
the last two names being placed later
on streets in the Back Bay when
Washington Street became the name
of one long highway extending through
the central part of the town.
One wonders if this habit in the
United States of simplifying things
even to the stage when streets bear
numbers instead of names, is not at
the very base of the reason why our
country has gone so far ahead in
material things and in the process lost
so much of its old charm.
It may be easier to find an address
on Washington Street in Boston or
42nd Street in New York than in the
Boulevards de la Madeleine, des Ca
pucines or Italiens in Paris; but the
mere matter of facility and what is
most practical is not the thing which
makes for the allure of a place.
H. R. SWASEY.
Sonnet
Paris, Oct. 23.
To the Editor, European Edition :—
SUGGESTED BY LA PLACE DE L’OPERA
Mid that eternal hush of desert’s night,
I halt for repose ’neath a star strewn sky.
Now far off it seems as fair hopes gone by.
Only tinkling camel-bells wake a sigh
As tired Arabs in dreamless sleep unite.
Yet ah, the desert-sounds, so soundless, smite
My list’ning soul as a thousand voices might,
And solitude’s quiet comes never nigh.
But when my caravan has reached some port,
Where multitudes of strangers cry their wares,
And loud wrangling voices chant wordy prayers
In tongues confused as ancient Babel’s court,
I shall find peace, in spite of false report.
For solitude haunts the crowd’s thoroughfares.
PAUL SWAN.
Paderewski and Poland
Le Rialto, Vevey, Oct. 27.
To the Editor, European Edition:—
It would seem rather better for the
fame of Paderewski were he to devote
the remainder of his life to the exercise
of his incomparable talent of pianist,
instead of re-entering the troubled
arena of Polish politics at the age of
77, especially at the end of a sort of
“Front Populaire,” composed of a hete
rogeneous mass of ignorant peasants,
Communists, Socialists and discontented
politicians. Paderewski belongs to the
class of intellectual, but rather im
practical, dreamers, theorists and
idealists, and his views are naturally
the opposite of those of the late
lamented hero of Poland, Marshal
Pilsudski, an eminently practical man
of action.
Marshal Pilsudski devoted his entire
life to regain and retain the inde
pendence of Poland. He knew the
horrors of Siberian exile under the
Czars and the gloom of Prussian dun
geons in the days of autocracy, and in
1922 he saved Poland from another
Russian attempt at conquest. He gov
erned Poland with an iron hand, but
for the unity and independence of the
country and the good of the Polish
people.
Paderewski believes in democracy
and in the rule of what Matthew
Arnold, rightly or wrongly, called “the
unsound majority, rushing headlong
toward ruin, and only saved, if saved
it be, by the efforts of the minority, or
remnant." Pilsudski believed in an
enlightened despotism until the people
became ripe for self-government, al
though he always emphatically re
pudiated the title of dictator.
The general average of Polish culture,
after only 18 years of freedom from a
century of Russian, Prussian and
Austrian tyranny, is still below the level
requisite for a safe government by the
majority, or masses. In such cases,
where democracy comes before maturity,
the masses are likely to be led by an
intellectual proletariat of irresponsible
demagogues, whose only objective is the
spoils of office and public plunder, in
the shape of sinecures for political
friends and subsidies for individuals or
groups or syndicates of political sup
porters, all, ol course, at the expense
of the taxpayers. Camille Pelletan,
the French extremist, used to say that
“La democratic n’est pas bon marche.”
In other words, that democracies are
apt to be too generous with the money
of the taxpayers.
It is only when the general average
of the Polish people has been leveled
up, by the diffusion of education and
culture, to a higher standard of intel
ligence that Poland will be prepared
for the advent of Paderewski. Let us
hope that he will live long enough to
see that day.
REGINALD H. WILLIAMS.
An Orphan Needs a Friend
Paris, Oct. 27.
To the Editor, European Edition :—
One of the Catholic orphanages in
Paris is at present without the means
to pay for the keep of a little eight-
year-old girl whom it desires to take and
is seeking a benefactor who would be
interested in aiding her. The child is
without parents and until now has been
with someone who can no longer afford
to keep her. I am submitting this in
formation to the Mailbag in the hope
that an American will be interested in
looking into her case.
A SISTER.
Orphelinat de la Providence,
13 Rue du Regard, Paris.
•
Les Salons
et La Ville
Par Rene Richard
L’Exposition a enfin donne la parole
aux poetes. Ceux-ci s’expliquent dans
des conferences, a coeur ouvert. S’ils
jouissent, en metrique, de licences poe-
tiques, ils ont aussi pleine liberte ly-
rique pour exprimer leur ame. Et ils
usent largement de cette liberte, si l’on
en juge par la causerie de M. Francis
Jammes.
Le doux poete virgilien et franciscain
est avant tout un Bearnais truculent,
dont les propos ne manquent pas de
vivacite. 11 commenqa par parler de
gourmandise et des bonnes choses que
l’on sert dans son pays, a la table de
Francois Mauriac et a la sienne. Puis
il parla de son age et des cent ans
qu’il atteindra peut-etre, en ajoutant :
“C’est l’age de l’inutilite; je serai
mur pour entrer a l’Academie Fran-
caise ”. Enfin, il raconta sa conversion
du paganisme au catholicisme, sous
l’influence de Paul Claudel, et com
ment son premier poeme religieux lui
valut la rigueur de plusieurs de ses
confreres, “ la mere Noailles entre au-
tres ”, murmura-t-il entre les dents.
On voit que les poetes ne sont pas
toujours fleuris de comparaisons flat-
teuses. La verve de Francis Jammes
est parfois sans indulgence. Mais l’au-
ditoire ne s’est pas ennuye un instant.
Renseignements Mondains.
Le Maharaja de Kapurthala et sa
suite, apres avoir passe l’ete en Eu
rope, quittent aujourd’hui l’hotel George
V pour les Indes, s’embarquant par le
Strathnaver.
Chasses.
Chantilly celebrera samedi la Saint-
Hubert par une grande journde de
venerie et une chasse en foret de Chan
tilly. Le soir, a 20 heures 30, illumina
tion du chateau, curee aux flambeaux,
concerts de trompes, embrasement de
la foret.
Mariages.
On apprend les fiancailles du baron
Maurice de Koenigswarther avec Mile.
Denise de Cayeux de Senarpont.
Mile. Celita Villar Saenz Pena, fille
du Dr. Luiz Villar Saenz Pena, avo-
cat a Paris, et petite-fille de l’ancien
President de la Republique Argentine,
Today and Tomorrow! n<
By Walter Lippmann
What Are the Stock Markets
A T a time like this when nobody
fully understands the behavior of
the stock market or can judge the pros
pects of business, the natural thing
to do is to look around for a scapegoat,
Yet the fact is that if any one foresaw
that within two months of the adjourn
ment of Congress, the whole advance in
security prices since 1935 would be
wiped out, he kept that knowledge a
well guarded secret. If we are candid
and fair, we must admit, I think, that
however much we may have regarded
the New Deal as unsound, there was no
one who knew, say on August 15, that
the stock market was about to collapse
or that a considerable depression might
be about to begin.
On the contrary, almost every one I
know supposed that unsound conditions
here and abroad—such as the holding
back of productive labor and the vast
unproductive expenditures on arma
ments and public works combined
with inflationary financing in every
great nation—would lead not to a sud
den collapse but to a dangerous rise
in prices. For that reason no one is in
a position to discuss the situation on
the assumption that he foresaw the
event and said so.
The fundamental fact of the matter
is that there does not exist any de
pendable scientific knowledge of + he
business cycle. The whole subject is
still obscure; the data have never been
fully ascertained and the theory is
still very much unsettled. In the study
on “Prosperity and Depression” just
made for the League of Nations by
Professor Gottfried von Haberler of
Harvard University, 158 pages are re
quired in order to summarize the diver
gent theories held by reputable and
competent economists. We are ob
viously moving in a region, therefore,
where nobody knows clearly what he
is talking about, in a region not yet
brought securely within the frontiers
of human knowledge.
But the matter is complicated further
by the fact that the economic process,
which no one understands very well, is
today in every part of the world subject
to the management of politicians, mys
tics, demagogues, prophets and soldiers,
who do not understand it at all. In
the nineteenth century, although no
nno knew much about the business
cycle, recovery used to come after a
while because nobody interfered with
it. But nowadays nearly every govern
ment has taken charge of its own sector
of the economic system, and what we
are experiencing is neither a natural
recovery nor an administered recovery,
but a bad combination of the two.
No one knows what these providentia.
governments are going to do next be
cause they themselves do not know.
They live on a twenty-four-hour basis,
with one eye on the stock market, an
other on a few dubious statistics, with
their hand on what they call the public
pulse and their ears to the ground.
Under these conditions private initia
tive is, of course, paralyzed since no
man knows what the government will
demand of him tomorrow, and govern
ment initiative is paralyzed because the
government does not know from day
to day what it is going to imagine the
people want.
It may well be that the consensus
reflected in the stock markets of the
world is truer than the opinions of any
individual trading in them or comment
ing upon them. What these markets
seem to say is that the whole recovery
of the past two years at any rate was
insubstantial and impermanent, that it
represented, not a true revival of the
production of goods for exchange, but
a governmental boom, subsidized by
paper money and devoted to arma
ments, public works and doles.
They seem to say that in America and
abroad, for one reason and another, a
genuine recovery beyond the levels of
1935 has been prevented. The stock
markets seem, in other words, to be
responding not to the mechanical ef
fects of monetary inflation but to be
reflecting the realistic judgment of
business men on the prospects of pri
vate business.
s’est fiancee le 19 octobre a M. Nor-
berto Lynch Quirno.
Fiancailles.
Le prince Nicolas Dadiani, ancien
marechal de la noblesse en Mingrelie,
et la princesse, nee princesse Tsereteli,
sont heureux d’annoncer les fiangailles
de leur fils, le prince Georges Dadiani,
avec Miss Lucy Tew, fille de Mr. Wil
liam Henry Tew et de Mrs., nee
Eleanor Atwood Scott.
Deuils.
Nous apprenons la mort du due de
Talleyrand, decede subitement le 25
octobre, a Paris. Le service religieux
sera celebre dans l’intimite, vendredi
29 courant, a 11 heures, en l’eglise
americaine (avenue George-V).
M. Pierre Durand-Ruel et Mme, nee
Roman, ont la douleur de vous faire
part de la mort de leur fille Annie,
decedee le 26 octobre a l’age de sept
ans.
Les obseques auront lieu le vendredi
29 octobre, a 10 heures, en l’eglise
Saint-Philippe du Roule oil Ton se reu-
nira. Le present avis tient lieu de
faire-part.
Les annonces de naissances, fiangail-
les, mariages, ddees, etc., sont regues a
VOffice Special de Publicity, 29 Boule
vard des Italiens. Richelieu 69-31-—Advt
ANNOUNCEMENTS
of course, at the service of th
tary; there is virtually no
lSft. In Prance ana i„ lh ?'f
States, to a much lesser degree ■
tain, the capitalist system is 1111
at its core by the fact that
in power is hostile to that
We are trying to operate a cant, 1
system under a government which 1
likes the system and would if >
the courage and the power,’ r l! 'i
by the collectivist system. I
This inner conflict between th I
ture of free capitalism and the real 1
poses of the government has J 5 !
a deadlock. Business cannot n !
because it is terrorized by a °°
Dealers; the New Dealers cannot
ceed because, being only half-h 1
collectivists, they do not dare to n
out the logic of their own ideas %
the New Dealers would like is to
very prosperous business which
could milk in order to provide th?
sidies upon which their political
is founded. They would like, so to Li
to have capitalism finance its j
gradual extinction.
That they cannot have. If they,,
a prosperous capitalism, they vil]
to give business the security
which it can prosper; if they-,
collectivism, they must be preparejl
face the grim fact that, once the;
made the choice, capitalism wi
go on imperturbably producing m
for them, but will become parai^^_
and will stagnate. They can move Fuller ’
collectivism only through a severe FuIler:
pression and a great social crisis, i ch<§ ’ a
cannot move into it accompanied;']
Joyous boom.
That is the real issue. In
the issue came to a head last suit]
and the French New Dealers 1
since been saving their faces «
retreated. Here, the issue seems il
coming to a head now. But since I
have irresponsible personal govemJ
in Washington, no one can knoiI
Mr. Roosevelt will meet the ta, I
ART DEALERS
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It would appear as if men as men
still had within themselves all the
energies that have in the past caused
them to work, to save and to be enter
prising, but that those energies are
throttled, not merely in Washington,
but almost everywhere in the world.
In the totalitarian states everything is,
Les 1
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