1937-08-21 — Page 18

10

THE HONGKONG

TELEGRAPH.

New

Dress

Lengths

of

PRINTED

and SILK MATERIALS

British and

French Manufacture

Early Selection Advised

The Bombay Silk Store

2 D'AGUILAR STREET

(Flower Street)

SATURDAY, AUGUST 21, 1937..

WOMEN OWN 65 PER CENT. OF U.S. WEALTH

"Time Will Come When They Will Dominate

Financial World"

WOMEN own 65 per cent. of the American nation's wealth and are getting a firm grip on the other 35 per cent,

Miss Catherine Curtis told the Congress of American Enterprise.

"The time will come," said Miss Curtis, who is a national director of the Women Investors in America, Inc., "when women will dominate the financial world."

She said women took their lead from Queen Isabella of Castile who became the first investor in America when she pawned her jewels so that Colum- bus might sail to discover a new and mighty land of opportunity.

"Already," she said, "we claim three great and Dowerful investments in the United States. Three Great Powers

"First is the financial, which involves the right to own property and invest money for profit and security. Second the physical, which involves the right to enjoy a high standard of living, and third, the spiritual which inspires women in this country to work to retain an economic and political independence which is greater than that of the women of any other country."

$5,000,000,000 IN TAXES

Fare benefleiaries of 69 per cent of secuen hold 25 per cent, of the

U.S. IS

READY FOR ANYTHING

Washington.

No. 2:

DISCRIMIN

Rearganization of the United States know that time spent on beauty ISCRIMINATING Ladies State Department to place it vir tally on a war footing reveals this an Investment in happiness, government's uneasiness over the Our operators are export in all possibility of a European conflict." branches of beauty culture and, Rapidly and with as little publicity with the aid of ultra-modern as possible, Secretary of State Cordeli| equipment, assure you of the Hult, hus ordered trausters among greatest satisfaction. the State Department a foreign service officers to gather in Kroup of

For a limited time wo their career diplomats noted for expert knowledge of conditions in

offering "Marvelous" Facials

free of countries' most likely to be involved

charge. For early appoint- In war,

please

menta

Telephone.

ате

Hust also has reshuffled the geographien divisions within the department to give the exports direct 1st Floor Exchange Bldg. Plione 32308. supervision over developments in the suspected trouble centres, without the necessity of coordination between various divisions in the department.

This new line-up will give Hull the advice of key position men fresh from European "Listening Posts,"

Latest of these moves WIK the

Marie's

appointment of George Messersmith, BEAUTY SHOPPE

present minister to Austria, to re- place Wilbur J. Carr as Assistant: Secretary of State,

Hugh Wilson, for the past several years minister to Switzerland and en expert on the League of Nations, returned home to become Assistant Secretary of State.

G. Howland Shaw, coming to the department. as chief of the foreign service personnel, has been counsellor of the embassy at Istanbul since 1930. Placed strategically throughout Europe, the department will have Miss Curtis disclosed results of her 140 per cent of the real estate, 50 other experts, Carr, after more than organisation's first survey of woman's per vent. of the corporate equities of 40 years in the department, becomes to Czechoslovakia which nanelal stake in the United States. Unted States industry, including 44 minister Besider ownng 65 per cent. of the per cent of all public utility securi- military experts say is likely to be and 48 per cent, of railroad the centre of important develop- Jaation's wealth, she said that women lies

ments.

of life instarance the $65,000,000

At Paris is Ambassador William nation's Jobs, she said, and as tax C. Bullitt, considered by State De- polices now in effect, having an

payers pay in Federal State and partment heads to be one of the most average face value of approximately

local taxes. They contribute more able United States diplomatic repre- U.S. $15.000 a policy.

than U.S. $5,000,000,000.

sentatives abroad. He is reputed to "You might think lot about; be closer to President Roosevelt than "We know that women were the this," Miss Curtis said. "Forty per any other American diplomat.

stockholders savers in the family," she added, cent, of the

common and 5-1 per eent. of the preferred "but imagine uur surprise to lind that 65 per cent. of the savings bank stockholders in a survey of 41 cor-

women. These, shel accounts are in the names of women,porations are with the average account amounting said, do not incluste stock held jointly

by husbands and wives. to about U.S. $600.

"Ours is the greatest stake in "Approximately 50 per cent. of the private enterprise," she concluded, building and lonn shares are owned and it is our responsibility to pro- by women and women have litle to tert and preserve it."

FAMILY SAVERS

At London, in addition to Ambas-

sudor Robert W. Bingham, is Ray leer with long service in both the

Atherton, veteran foreign service

Far East und Europe.

William Phillips, former Under- secretary of State and veteran foreign service, officer, is Ambassador Rome.

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