Evening Star Newspaper, April 7, 1923, Page 9

| News of the Clubs ‘Wome; City Club.—Miss Helen Nicolay and Miss Florence Spofford will be joint hostesses at the tea to be given this Sunday afternoon from 4:30 to 6. Assisting will be Mrs. George Ricker, Miss Alida Henriques, &nd Miss Grace Semple. The entertalnment commiltee, as- the Monday Auction Club, will give a card party Monday at 8:30 p.m. There will be bridge and five hundred and a prize for each tahle. The monthly subscription dinner of the business and professional wom- en’s section will be held Wednesday. :30 p.m. Mrs. Otto L. Veerhoft, pres ident of the College Women's Club; Miss Harlean Jumes, president of the Association of American University Women, and Mrs. Wallace Radclifte, president of the Washington Club, will be the speakers. Soprano solos will be given by Miss Margaret Cal- Vansahs, s AMargaret D, Grant ser ing as accompanist. Miss Gertrude E. Leonard will preside. These dinners are open to all members of the club. Owing to the absence from the city of Mrs. William Peugeot Bird, chair- man of the civics section, the civics section conference announced for April 12, has been postponed until a later date “Some Recent Archeological Ex- cavations” will be the subject of n lecture to be given by Dr. Mitchell Carroll, April 18, at §: The ' Bible Study Joeephine Baird, leader, will meeting Thursday from 7 to $:30 p.m. The French se Tuesday evenings: The diners at the French table in the grill at 6 o'clock and the members of the Causerle at 7 pm. Club members interested in this this activity will please communicate with Mies H. H, Arnold, chairman, 22 Jackson place The circulating library is week days from 3 to 8:30 pm. lar subscribers are deeired open Regu- R A . J. M. ADAMS HARDWOOD FLOORS & S 1503 Connecticut Ave. §_ OIld Floors Refinished AR ] e TORNADO INSURANCE LOW RATES TYLER & RUTHERFORD, INC. 1018 Vermont Ave. N.w. Mah-Jongg! The pastime Orlent. The- game the Chinese. In existence since the time of Con- fucious. old before the * Great Roman Empire was dreamed of. That is the history of Mah-Jongg! That is has retained its popularity through all these years is indicatlve of its fascination. Let us give you a demonstra- tion—you ecan't help but feel interested Our prices are W below what these Games for- merly sold for and in- clude a copy of Bab- cock's Red Book of Rules which fully and completely explains how to play. $25, $30 and $50 The National Remembrance Shop (Mr. Foster's Bhop.) 14th Street, onc P4 From Pa. ot = | speak on hold a; | will be g I ings. ! cn arrangements is Mrs. Henry M. Mor- | row. women's bureau of the Washington police department, who has just re- turned from Europe, where she went at the request of Lord and Lady Astor, will be the honor guest and spoaker at the forum luncheon of the club April 14. She will tell of her ex- periences in England, Holland, rrance, Italy, Austria and Germany, and will speak especially of the work of police women in those countries, Mrs, Van Winkle aleo attended the conference in Geneva, and will give some sidelights on that gathering. Columblan Women of George Wash- ington University.—The annual din- ner will be held at the Chevy Chase Club, through the courtesy of the board of governors of that club, Thursday evening, April 26. Mrs. Jeshua Evans, jr., will be the host- e and Mrs. John Thomas Erwin, president of the Columblan Women, will preside. The following com- mittee has been appointed: General airman, Mrs. Erwin; decorations, and printing. Miss Ruby Nevini music, Miss Emile Margaret White; vlace cards. Mise Julla L. V. McCord, and seating, Mrs. Henry Grattan Columblan Women have play- ed an important role in the develop- ment of George Washington Univer- sity. Founded in 1894, the club has net only cultivated pleasant rela- tions among the alumnae, wives of faculty members, and girl students of the university, but has alded in a material way the advancement of the girl students by founding two schol- Arship funds. The first of these, the Nellle Mayvnard Knapp Scholarship Fund, established In 1915, in memory of the late Mrs. Knapp, wife of the late Judge Martin A. Knapp, con- siats of $5,000. The socond, known as the Founders of the Columblan Women Scholarship Fund. amounts to nearly $3.000, and is annually in- creased by the proceeds of a benefit. Last year over $i00 was raised in this way., and a further sum was realized this year by means of a benefit card party at Wardman Park Hotel. The income from these two funds is used in the form of scholar- ships for girls registered in the uni- Vversity. Other services to the uni- crsity have been the furnishing, in years gone by, of the university hos- | bital, the furnishing of rest-rooms in the law school, the maintenance of girls’ tennis prizes, etc. The club meets on the first Tuesday of each month from October until May. A social half hour is followed by & business meeting, after which the club is addressed by some dis- tinguished guest. The two most {m- portant social events on the club's calendar are the annual reception to President and Mrs. Hodgkins. held this year on January 23, and the an- nual banquet which s to be held at the Chevy Chase Club. The present officers of the Colum- Women are: President, Mrs. John Thomas Erwin; vice-presidents, Mre. Henry Grattan Doyle, Miss Alice Bayly Henning: recording secretary Mrs. Willilam Carl Ruediger; treas- urer, Miss Julia L V. McCord; cor- onding secretary, Miss Ruby Nev- ins; historian, Miss Henryette Brumm, The chairman of the standing com- mittees are: Scholarships, Mrs. Joihua Evans, jr.; membership, Miss | Josephine Huber: ways and means, Mt Mollie B. Weyman; house, Mrs. |John Raymond Lapham. and press, i Mrs. Henry Grattan Doyle. | Natlonal Club of the American As- | socintion of University Women— Wednesday afternoon the hostesses for {the tea at 4:30 p.m. will be the mem- of the Smith College Club, of Miss Katharine Rice is president. Katharine Thompson, also a Smith will sing. day afternoon and evening, 2. at 2:30 and 8:30, bridge parties by the house committee to raise money for dining-room furnish- The chairman of the committee turday evening at 7:30 the annual business meeting of the Washington branch of the A. A. U. W, will be held at_the club. A revision of the b | will be considered and the annual elec {tion of officers will take place. At 8:30 o'clock that same evening the sixth lecture of the series on “International Questions” will be given. Prof. Manley O. Hudson of Harvard Law School will “The World Court.” Mrs. ! Frances Fenton Bernard, educational Money's just like canpot force. mighty financial force! We pay 3% interes accomplish much—but and properly trained they become a mighty Discipline Your Finances an army—individuals collectively So, it is with your individual dollars— those you are spending now more or less thoughtlessly. Put them under the restraint of a Savings Account and you'll soon have a t on daily balances. ) Luckily we don’t Tornado Insurance. financial loss. fore—but the recent trophe certainly gives strongest companies i up our Insurance De; —for details. Take Warning by Wind- Swept Silver Spring You are lea\'ing. out a very important element of protective insurance when you neglect to cover against loss by tornadoes. cyclones—but how frequently we do have high winds that devastate and destroy—and all such damage is a complete loss without The premium is _no(l.ling compared with the sense of security in knowing that no matter what happens you cannot sustain You probably haven’t thought of it be- be heeded by the many property owners in and around Washington. ‘We write Tornado Insurance in one of the live in the land of Silver Spring catas- a warning that should n America. Just call partment. Main 4340 Let us tell you about some 7% Real Estate First Trust Notes in which you can safely and profitably invest any amount from $100 up. See our Mr. Phelps. 1417 K Street h Boss & Phelps Home of Homes Phone Main 4340 John Raymond Lapham; ushers { THE EVENING STAR, WASHINGTON, D. O, SATURDAY, APRIL 7, 1923. | xecretary of the A. A. U. W., will pre- side. . ' | The College Women's Club,—The monthly meeting of the executive board, Which was held Monday night after an informal supper. was the last under the present regime, as the annual business meeting and election of officers will take place May 5, two days before the next board meeting. Mrs. Veerhoff was In the chair and a eat deal of important routine transacted. Miss Marle chalrman of the finance committee, announced that another bridge luncheon would be given by the club April 28, the committee on to consist of Mrs. Baldwin, chairman; Mrs. Joseph C. Zirkle and Mrs. Howard G. Nichols. Luncheon is to be served at 1 p.m., and will be followed by bridge and 500, with a prize at each table. The board decided to call to the attention of those members not already aware of it the fact that the latchstring at the clubhouse s always open and that they have the privilege of dropping in at any time for a rest after, shopping, a littie visit with friends, a browse among the books in the library, or an informal game at cards, tables and decks for which are always available, except, of course, when some special function is taking place. A committee was appointed, with Mrs. Harris Baldwin as chairman, to make plans for entertaining in some way the delegates go the conference of ‘university settlement workers to be held fn Washington in May during the national conference of soclal work, The following members of the club have taken life memberships: Mrs. Louis W. Austin, Miss Ruth Ayler, Mrs. John Barber, Mrs. L. A. Bauer Dr. Martha Burritt, Mrs. Willlam E. Chamberlin, Miss Edna A. Clark, Ml Louise Coburn, Miss E. C. Crans, Miss Catherine E. Custis. Miss Arline Du- four, Miss Sara P. Grogan, Miss Jane Harvey, Miss Ida B. Johnson, Miss M A. McMahon, Miss Julia Macmillan, Mrs. Basil M. Manly, Mrs. Avery C. Marks, jr., Miss M. A. Matthews, Mrs Chester Morrill, Mrs F. W. Pyle, Mrs. T. E. Robertson, Miss Marie K Saunders, Mre. W. D. Searle. Miss Rdna J. Sheehy, Mrs. Thomas W. Sid- well, Mrs. Bugene E. Stevens, Miss Scphronia Stevens, Mrs. Lu B. Sworm- stedt, Dr. Ada R. Thomas, Miss E. H Turner, Mrs. O. L. Veerhoff, Mrs. ¢ W. Warburton. Miss M. B. Weyman Mrs. Harvey W. Wiley, Miss Bertha Frances Wolfe and Mrs. Harrfet deK. Woods. The hostesses at the tea, April 9, are to be the members of Section XI, Miss Anna Jenkins, chairman Dr. Willlam E. Safford, economic botanist of the Department of Agriculture, will _discuss “The Food Plants of Pre-Columbian America and What They Teach Us.” This talk will be illustrated by stereopticon slides. Mrs, Joseph C. Zirkle, treasurer of the club, is to preside at the tea table, assisted by Miss Lucy Graham and Dr. E. Alberta Read. At 4:45 Mrs. Minnegerode Andrews will speak briefly on the National Monticello As- soclation. Saturday, April 14, the annual ban- quet of the club is to be held at Rauscher's. Elaborate plans for the affalr are belng made by Mrs. Leroy T. Vernon. chairman, and the mem- bers of her committee. arrangements Harris soclal International Asxocintion of Art Lettern—The inauguration of the new board will take place April 13 and will be a function of a social or- der as also of unusual importance as an event. Dr. Clarence J. Owens takes office as president and the twenty- one members of his staff who are all active workers and have been accom- plishing much for the organization will sustain the plans that are to bring in new Interests. Prof. August King-Smith, as vice president of the retiring board will preside and in- troduce the speakers who will be, besides Dr. Owens, Mirza Huessin Alai, minister of Persia, and Col. John Temple Graves. It is expected also that Dr. C. Alphonso Smith, head of the department of English at An- napolis and one of the association council, will make an address. Pre- ceding the Inauguration by two days the last business meeting of the pres- ent board will take place April 11. Each event will be held at the club Nouse, 1715 Eye street. The Twenticth Century Club.—Miss Mabel Boardman, head of the Red Cross organization, spoke before the regular meeting of the club Thurs- day morning. She explained very clearly the new plans of Red Cross work, and pleaded for the training and registering of women for emer- genoles of war and disaster. The dif- ferent branches which are needed in Red Cross work are clerical service, transcription of the Braille produc- tion, which Includes making of gar- Imen!u and surgical dressings, can- teen service, which means hot sup- pers cooked and served with a little human_touch, and the canning of vegetables and fruits for the hos- pitals; home hygiene and care of the sick: hostess and recreation work. It is the purpose of the Red Cross to build a memorfal to the women who served In the world war and to con- tain therein facilities for training women in_these various branches. Each member was asked to give eighteen hours of service in the year, The second part of the program in- cluded three short plays, presented and staged by members of the litera- ture section under the management of Mrs. Frederick Farrington. First: “The Barrel” by Edna_St. Vincent Millay and given by Mrs. Farrington and Mrs. George Putnam. Second: “Dust of the Road by Kenneth Sawyer Goodman and pre- sented by Mrs, Lyman B. Swormstedt, Mra_Eugene Stevens, Mrs. Benjamin Smith and Mrs. Truman Abbe. Third: “A Dear Little Wife” A Japanese comedysgiven by Mrs, Na- than Grover. Mrs. Philip Smith and Mrs. Franklin Jones. These plays Were so cleverly presented that they will be repeated next Thursday even- ing at 8:30 at the Washington Club for the benefit of the Juvenile Pro- tective Association. The parliamentary law section will meet Tuesday morning at 11 o'clock lat the Y. W. C. A. on F. street. The constitution upon which they have been working will be completed at this meeting under the guidance ot Mrs. Frank Briggs. The nature _section, under the leadership of Mrs. Leo D. Miner, will leave Dupont circle Wednesday at 1:15 for & walk along the canal in the vicinity of Chain Bridge. Mra. Gilbert Grosvenor, chairman of the civic section, announces that John Tider will speak on the alley situation In Washington at its regu- lar meeting next Thursday at 12 o'clock at the Women's City Club. The art section holds its last meet- ing of the season Thursday at 3 o'clock, at 1447 Irving street. This meeting will take the form of a sym- posfum. The French section in charge of Mrs. Francls Walker will meet Thursday at 3:30 o'clock at No. 1715 Eye street. Mme. Wroblewska, wife of the minister from Poland, will speak on art and litreature of her country. Business Women's Councll—“The Tents of Shem” was the subject of the lecture given by Mre. James Oli- ver Buswell at the meeting of th council March 30. ol e Mrs. Bpencer continued the study of Paul's Epistle to the Romans, Try this special Table d'Hote Dinner of ours that we serve every day, includ- ing Sunday, at $1.25 per plate You'll enjoy every course —served in true New Eb- bitt fashion. _Every week day—a splen- did Luncheon at 60c a plat Our facilities are st your dis- and has been the subject of the Bible class study for several months, tak- ing up the seventh chapter. The Washington Advertising Club will give a dinner-dance Wednesday. 7 p.m. at Rauschers. The Richmond Ad Club, under the leadership of its president, E. Hoetze, is to arrive Wednesday and join with the Wash- Ington Club. Professional talent from local theaters and the Macias Novelty Dance Orchestra are to be features of the entertainment. Prizes have been glven by the leading Washington merchanis. The entertainment com- mittee is Maurice Kafka, chairman; Edwin Hahn, Harry Hahn, Robert H. Isabell, Sylvan Oppenheimer, S. M. Selinger, G. 1. Snowden and W. H. ‘Wagner. Goucher College Club—Goucher women In Washington participated In the opening of the ‘“greater Goucher campaign” throughout the United States last Saturday by hav- ing a “Maryland supper” at the Na- tional Club of the American Associa- tlon of University Women. The aftair was one of the many dinners or luncheons held simultaneously throughout the country for this pur- pose. More than fifty members of the local chapter were present. Among the guests were Mrs. Henry Wallace, Dr. and Mrs. Howard L. Hodgkin, Mr, and Mrs. Frank White, Mr. and'Mrs. Merle Thorpe, Senator and Mrs. E. T. Ladd, Mr. and_Mrs. W. D. Brookings, Dr. and Mrs. W. A. Wilbur, Dr. I. 8. Stone, Dr. Molly Rogers and Dr. Willlam R. Langley. Of the $6,000,000 which the coliege hopes to secure through this cam- paign, $1,000.000 will be used to in- crease the salaries of the professors and the other 35,000,000 will move the college from fts present site in Bal- timore to a 421-acre campus six miles north of that city in the suburb of Towson. The Petworth Woman's Club held a Dbusiness meeting Monday in the schoolhouse, with Mrs. T. S. Tincher, president. in the chalr. Two officers of the District of Co- lumbia Federation, Mrs. Wine_ and Mrs. Heyler, were guests. Mrs. Wine gave a talk, explaining the District of Columbia’ Federation constitution. Mrs. Nelson, chairman of home committee, announced that April 20, At 8 pon., mma Jacobs, director of home economics, would glve a lec- ture. All interested club members are Inwvited. Mrs. Defandorf, chairman of art committee, reported that at the meeting in April a representative from Jel- lef's shop would demonstrate, on liv- Ing models, the art of good dressing. This meeting will take place in the Methodist Church at 1:30 p.m. Mrs. Sears will hold classes psychology each Friday evening April at 7:30 o'clock. The civic committee met in March, with Mrs. Cooke and Mrs. Waldo as hostesses. The chairman, Mrs. 1. B. Smith, reported the campaign to in- terest the children in the beautifica- tion of Petworth is progressing. But- tons have been ordered for pose, on which the slogan. Petwort, in the club colors, would appear. O. F. Jones has secured 3,000 packages of sceds through the Agri- cultural Department, which will be distributed by the civic committee chalrman during Petworth garden week. The music committee chairman re- ported the March meeting held at the home of Mrs. Criswell, who was assisted by Mrs. John W. Jones. “Spain—Its Peasant Life, Songs and Folk Dances” was the topic of the evening. The philanthropic committee met at the home of Mrs. R. C. Smith, the afternoon being spent in sewing. Through this committee the club ap- propriated sums for the Children's Hospital and Salvation Army. Mrs. F. M. Schaeffer read a report of the District of Columbla Federa- tlon meeting held at the Hotel Roose- velt. Mrs. Tincher gave the detailed plans for the presentation of the “Uneek” entertainment which the club will give April 30 and May 1, at 8 p.m.. in the Methodist Church. Miss Clara Burroughs, whose work 1s well known in developing the ap- preciation of good music in children, gave a talk on folk songs and dances of Spain, Scotland, Russia and France. in in The Clover Club met Thuraday evening at the home of Mrs. George | Curtis Shinn, with Mrs. Bresnahan presiding. The Takoma Park Civic Study Club met in Takoma Library Tuesday at 2 pm. The president, Mrs. Lloyd W. Biddle, was in the chair. The April meeting took the form of an annual business meeting, so that the May meeting can be turned almost wholly into cne of pleasure. Each officer and section chairman submitted a re- port covering the activities of her branch of the work for the entire year. The school milk supply committee, with Mrs. A. W. Miller as chairman, will be In a position to give a more complete report at the May meeting. Mrs. Horace W. Whittaker report- ed that the hospitality committee had been active in greeting and intro- ducing new members at each meet- ing and belleves this new committee to be necessary for the welfare of the club. Mrs. C. R. Mills, chairman of mem- bership, presented a long list of names for membership, each name in- dorsed by two members of the club. Approximately 100 new members have been voted into the club during the year. Mrs. Stanley Smith told of experi- ences in connection with her press work. The ways and means committee, Mrs. C. R. Mills, chairman, announced that a card party will be held at the home of Mrs. Horace W. Whit- taker Friday afternoon, the proceeds to go toward the fund for the erec- tion of a club home. Tt was announced that the concert section of the music committee, Mrs. H. E. Seidel, chairman, will give a concert at Columbla Hall, Washing- ton Sanitarium grounds, April 10, at 8 pm. Members of the club have been invited to bring thelr familles and friends. The fine arts section, Mrs. E. A. Gleason, chalrman, will meet in the Library April 9 at' 1 p.m. The = Bible section meets Thursday in the Library at 2 p.m. Mrs. Carolyn Gordon gives a por- trayal of the Bible lesson and all women of the park have been invited to attend. The literature section, Mrs. M. Lampeon, chairman, reported exte sive work and meetings held each month, with social hour and refresh- ments. Mrs. Chester C. Waters submitted a report covering four dances held at the Brooke Teahouse during March. The members of her class have or- ganized a dancing club, with Mrs. Water as chairman, and will meet at the members' houses. The club voted to elect Miss Mar- garet A. Gilbert an honorary member. Miss Gilbert is the daughter of Ben- jamin F. Gllbert, the first mayor of Takoma Park, Md. Mr. Gilbert estab- lished and laid out the town in 1884 The club adopted a resolution, pi sented by Mrs. Walter Irey, chairman of the District of Columbia civic com- mittee, to request the Engineer Com- missioner to adjust the new rule on hedges and fences to suburban locali- tles and not to enforce a city regu- lation in'the country. It was voted also to request the Commissioner to place a drinking fountain at the 4th street car stop. Mrs. F. D. B. Aus- tin, chairman of the Maryland civic committee, was directed to request the town council of Takoma Park, Md., to place a drinking fountain at the corner of Laurel and Carroll ave- nues. Mrs. Fred W. Pearce reported as delegate to the Montgomery County Federation and Mrs. Irey as delegate to the District of Columbia Federa- tion of Women's Clubs. The League of Women Voters of Takoma Park was inducted into the club and will continue its activities as a section of the Takoma Park Civic Study Club. This section will be led by Mrs. Austin and Mrs. Roy Y. Ferner. Mrs. Harriet Hawley Locher ex- plained how women may influence the making of better films. She received a rising vote of than Mrs. Biddle, the president, express- ed appreciation for the co-operation and enthusiasm of the members dur- ing the year. . ° Lo o retiring PMcers were renomi- Raymond every nated. Election will occur at the May meeting. z Councll of Jewish Women—A meet- ing of unusual Interest to women, especially as mother: of the present Zeneration, will be held Tuesday aft- ernoon at 0 o'clock in the vestry rooms of the Washington Hebrew Congregation. Frederick Willlam Weil. journalist, will speak on “Pre- paredness for 'War,” while “Pre- paredness for Peace”’ will be present- ed by Arthur Deering Call, of the American Peace Soclety. All are cordlally invited to attend. The Short-Story Club closed its present season Tuesday evening at the W. C. T. U. parlors, 522 Gth street, with President Moneywyay In the chair. The program was in charge of Mrs. Stevenson, and the opening numbers were three solos, “Morning." “I Love You” and “Little Mother of Mine," renderad by Mr. Myers, Miss Myers accompanying him; after which the minutes of the thres preceding mect- ings were read by Mrs. Metcalf and Mrs. Hoffliger. Miss Ernest contributed a short story. “While the Curtain Waits." and Fred McLaughlin a talk on “Why Can't We Write?'—somewhat humor- ous In character. After the intermission two numbers were danced by Miss Alberta Avers; Miss Flagg read the concluding chap- ter of the composite story, and Miss Holsaber sang ' Morning Wind" and “Lassle o' Min Womack accompanying her. The concluding number of the pro- gram was a story by Mrs, Stevenson, “Viola Pays the Rent.” District _of lumbin American War Moth. i benefit concert for dli; erans April 23 in the ballroom Franklin Square Hotel. Chapter, of Johnson-Powell Mothers’ Club will meet Wednesday at 2:30 p.m. at the clubroom. Theré will be an election of officers and all members are re- quested to be present. COMMODITY NEWS WIRED STAR FROM ENTIRE COUNTRY PITTSBURGH, April 7.—Shriner & Co. of Philadelphia have purchased 1,600,000 pounds of iron vanadate from the National Varadium Products Com- pany and the order will be filled by the Pittsburgh Radium Company. De- liverfes will begin in sixty dayvs and will cover eighteen months. This is one of the largest single sales of vanadate of record. CHICAGO, April 7.—Large indus- tries in the middle west are delaying signing of contracts for coal, al- though present figures are believed to be near rock bottom. Inquiriesare numerous, but buvers are waiting for spot prices to even up more with con- tract quotation SAN FRANCISCO, April 7.—The lumber demand from the orient today is greater than ever In history. Ex- ports of that and other lines since January 1 indicate the orient {s mak- ing up for at least a part of the trade to central Europe lost through chaotic conditions. Exports are 100 per cent above last year from this port. PHILADELPHIA, April 7.—The Vis- cose Company, manufacturers of arti- ficlal silk, are preparing to start work on a new plant at Holmesburg Junc- tion which will cost $5,000,000. NEW ORLEANS, April 7.—Hard- ware sales today are running 25 per cent ahead of last year in this section of the south. Jobbers say, however, that there Is a reluctance on the part of retailers to stock very heavily at present prices. PORTLAND, Ore. April 7.—Buving of wool in Idaho and Oregon is pro- ceeding on an extensive basis today, but owing to the smallness of the lots unsold in Washington little business is passing in that state. Estimates place the amount of wool contracted for on the sheep’s back in Oregon at 2,000,000 pounds out of an expected clip of 16,000,000 to 18,000,000 pounds. $977,233.48 BANK FRAUD CHARGED TO EX-CASHIER Federal Grand Jury Returns Indict- ment of Twelve Counts—Con- fession Claimed. By thie Associated Pr CINCINNATI, April 7.—The arrest last month, at Springfield, Ohio, of August Penfleld, former cashier of the Springfield National Bank. cul- minated here late yesterday in_his indictment by a federal grand jury on twelve counts, one of which chargéd him ~with having embezzled $977,232.48 of the bank's funds. Pen- fleld Is sald to have confessed he lost the money speculating in the stock and grain market. At the time of his arrest it was estimated Penfleld’s alleged pecula- tions would aggregate approximately $600,000. Later this amount was raised to $800,000, and now It is fixed by the grand jurors, on reports from the bank examiners, at almost a mil- lion dollars. Dr. Crissinger, controller of the currency, appointed a recefver for the bank' following the arrest of the cashier. Penfleld will be brought to Cin- cinnati from Montgomery county jall, at Dayton, next Tuesday for ar- raignment before Judge Smith Hick- enlooper, in United States district court. $250,000 BLOWN AWAY, BUT QUICKLY RESCUED . Wild Scramble to Recover Securi- ties Scattered by Accident to Messenger. By the Ass: NEW YORK, T.—A quarter of a million dollars in negotiable securities was scattered yesterday in_Hanover square—but recovered. Eight boys employed by the W. R. Grace Bank were on their way to the Equitable Trust Company with $1,000,000 worth of paper in four metal boxes when a motor truck at Pearl street knocked one of them from the messenger's hands. The box, broken open by the blow, began to disgorge its treasure, when the boys swooped down on it. ASKS R.R. UNDERSTANDING S. H. Vulcain Urges Better Con- ception of Railroad Problems. LOUISVILLE, Ky., April 7.—An ap- peal for better understanding of rafl- Toad problems to the end that the roads not only may exist, but serve ably in the era of prosperity upon which, he said, the country has em- barked was made tonight by Samuel M. Vulcain, president of the Baldwin Locomotive Works, in Philadeiphia, in an address before the Transporta< tion Club of Louisville. He urged his hearers to brush aside the political demagogue whom he characterized as the man “who could tell you more about your own busi- ness than you ever knew.” Mr. Vulcain s making a swing through the south and east, he an- nounced, with the “object of attract- ing business men and the people gen- erally to the crisis impending in this country and which must be met by those who do the business that de- pends upon transportation.” GETS CHECK FOR $10,000. George A. Veith of Vienna, Austria, was the first persop to recéive pay. ment from the allen property cus todian under recent leglislation en- acted for the purpose of returnin trusts not exceeding $10,000. Thoma: W. Miller, allen [vrofi&? custodian, yesterday personally handed to Veith at the office of the custodian here, the| $10.000 check, ~ 5 chI. S'[UBK LIS] |Results of Increased Wages 15 QUIET, STEADY Railway Common About the Only Weakling—American Security’s Rapid Rise. BY L A. FLEMING. Local securities continue decidedly slow, despite the great activity on Wall street, higher prices there and the great amount of money to the credit of depositors in the banks of the city. Evidently it s a case of the street being atrald of the coming Congress, though it will not come for eight months, and it may not be half as dangerous as anticipated. Even if investigaticn of street rail- ways are undertaken and Congress passes a five-cent fare law. there still remains the Supreme Court ruling that corporations are entitled to earn 1 fair return, 6 per cent, on their prop- erty and confiscation is Impossible. Yet one must admit that there is no apparent uneasiness on the part of holders of shares, as would be evi- denced by heavy unloading of stock, for there is no volume of selling in anything. Rtallway common was again lower, nominally, 631 asked and 62% bid, while Capital Traction sold sparingly at 99%. Railway preferred, 3% to 74. “There was some little buying of American Security and Trust Com- pany shares, twelve shares all told, but on this limited movement the shares sold at 310, 311, 312 and 325, a 15-point advance in short order. Lanston was up three-fourths of a point from the 76 of vesterday. ‘Washington Market Cold Storage 58 sold at 98, Railway general 6s at 100 and Washington Gas 0s at 94% for a small bond. Treasury Comdition. ___ Though receipts from income and profits tax last month were nearly $73,000,000 more than in March, 192 for the first nine months of th fiscal year receipts total about $5 000,000 less than in the corresponding period a year ago. Refunds of cus- toms and internal revenue have also been much heavier than last vear. _Postal deficlency for March was $204,999, and for the past nine months, $47,526,914. Treasury has received $1.156.907 on account of principal owed by foreign governments and $130,023,783 inter- est on funded debts this fiscal vear. Shipping Board is apparently be- coming somewhat less burdensome. Expenditures on this account total $55,365.428, compared with $93,164,- 640" for corresponding period ~last year. Public debt retirement out of sink- ing fund totals $266,§58,500, leaving $16,980,300 to ,be spent before June 30." Amount of this fund increases wutomatically each yvear. For 1924 it will be $298,872,000. Cash balance of $530,124,298 in the general fund March 31 and a Treas- ury surplus of $214,833,910 indicate that the Treasury will end the fiscal year with a much smaller deficit than officlally estimated in Decem- ber. There may even be a small surplus. . sted List. . . esp g 185 10 20 a w0 11 . 185 Asked. Army & Navy City Club Ts.. .. 2 Metropoiltan Club 4igs ... ... STOCKS. Anacostia Bank ... Banking Trust & M 01 o3 Connecticut Ple .......... Christian Heurleh Brewers Columbia Hotel Co. .... Departmental Bank . District Title In Exchaoge Bank ... Franklin National International Bank ‘10 1000 Miller Train Control... Munsey ‘Trust Co reh Capitol Saving rth Savings Northeast Savin Park Savings Ban) Potomac Savin, Terminal Com. Washington Title I Washington Base Bal Woodridge & Laugdon Sav's Bk. ARBITRATION URGED IN EXPRESS ROW Southeastern Company Complains of American’s Lack of Co- Operation to I. C. C. 10 The Southeastern Express Company, which operates over lines of the Southern railway, declares that the refusal of the American Railway Ex- press Company, which operates over eastern and western lines, to make reasonable arrangements for co- operation in handling shipments con- stitutes an unjust burden on southern shippers and restricted development of the Southeastern Express Com- pany’s business. The commiesion today concluded that the Southeastern company was justified in its complaint, and declazed that through routes and transfer points should be established. The commission suggested that an arbi- tration committee be set up by the two companies to fix the form of the new arrangement, and declared that in case of fajlure to agree the com- mission itself would pass upon dis- putes which might be left unsettled after arbitration. —_— CAR SHORTAGE DROPS. Railroads Able to Handle More Freight During March. Freight car shortage on American raliroads on March 22 amounted to 71,443 cars, which wa sa decrease since March 14 of 2,999, the Ameri- can Railway Association announced today. Of the total shortage, 33,690 rep- resented . box cars, a decrease since March 14 of 1,840, while there was a reduction of 490 within the same period in coal cars. Surplus freight cars in good repair totaled 12.741, while surplus box cars amounted to 2,610. FREIGHT CAR BUYING. NEW YORK, April 7.—The Railway Age notes that domestic orders for railroad equipment last month amounted to 614 locomotives, 34.514 freight cars and 291 passenger cars Commitments for March in the mat- ter of freight rolling stock consti- tute a new high monthly record, while at the same time ‘they are above the entire year's total In 1921 and 1919. As an indication of last month's activity it s noted that or- ders during March were more than 50 per cent in excess of January and February combined. NEW PENNSY STOCK PLAN. Advices from Philadelphia indicated yesterday the early announcement of Pennsylvania railroad of the creation of an employes’ association for the purpose of enabling workers to pur- chase the company's stock and bonds on the installment plan. The annual report of the road shows 243,459 men and women employed on the various branches. The plan is understood to be still under consideration at the hands of the directors of Pennsyl- vapis, but favorable actlon is be- 1idged to be forthcoming. On Profits Causing Financial Experts Earnings May Be Worry Now Fear Greater Largely Offset by Growing Expenses—Railroad Outlook. BY STUART WEST. | Special Dispatch to The Star. | NEW YORK, April 7.—The rise on | the stock exchange from the closing | half of January to the middle of | March was undoubtedly extravagant | in its later stages, even taking the | most optimistic view of general busi- | ness conditions. On the other hand, the reaction during the last two weeks of last month, which wiped out | in the greater part of the list some- thing like two-thirds of the previous gain, was, in its turn, excessive. ! ‘What happened during the last wee | is not €0 much a fresh advance as a| readjustment between two market movements which were carried about equally to extremes. So large a re- action as occurred in the closing fort- night of March could have been jus- tified only on the assumption that the outside trade recovery had been too rapid to last; that the peak of, the upward movement in commodity prices -and In production had been reached, and that the tendency hence- forth would be downward. Industrinl Expansion Not Excessive. The grounds for this opinion, which was and still is held in certain quar- ters of Wall street, do not seem well founded. Authorities from the Secretary of the Treasury down agree that the expansion in industrial output has not been carried too far, that it has merely kept pace with the legitimate demand, that the ele- ment of speculation has been small. and that there has been no over- stoeking. In these respects the posi- tion is altogether different from that of three years ago. There are, to be sure, two danger- ous tendencies which have appearei | more clearly during the last month. One Is the increase in wages which promises to become quite general, and which might in the end result In 'that alternation of wage and price ad- vances which was one of the prin- cipal causes leading up to the trou- bles of 1920-21. The other is that prices, as has already happened in pig iron and in one or two other lines in the steel trade, will go ahead 80 fast that new buying will be discouraged. Increases Not Threatening. These are possibilities to be borne in mind in any long range view of the financial situation. But the main point just now {s that neither the raising of wages nor the raising of prices has as yet gone far enough to threaten serious consequences. The important consideration is whether or not the commercial advance of the last elght months has invoived any strain upon credit such as would be likely to lead to restrictive measures like those of the autumn of 1919 and the spring of 1920. erve board has The federal r stated that loans of the member banks are up $2,000,000 from a year ago and are approximately as large as_they were at the maximum, in 1920. But, on the other hand, redis- counts at the federal reserve banks themselves are, in the case of com- mercial loans, only one-fifth of what they were at the top three years ago, and loans secured by government paper, which covered more particu- larly financial operations, are only & fourth of what they were at the same time. -1 In a word, the member banks have been able to take care of the enlarg- ing credit requirements of the coun- try without making use, to any im- portant extent, of thé rediscount privilege. The federal reserve insti- tutions meanwhile have $1,000.000,000 more in gold than they had three years ago to meet credit demands. No Infiation as Yet. Considering this very wide margin of reserve as contrasted with that at the close of 1919, and considering that the commodity price average is not half way back to the high of 1920 from the low of 1921, it cannot be Washington Stock Exchange SALES. Wash. Market & Cold Storage 5s—$4,600 at 95, Capital Traction—7 s 15 American Securits and Trust Co.—5 at 310, AFTER CALL. Capital Traction Co'—3 5. Wash. Rwy. & Elec. gen, 6s—$1,500 at 100. American Security and Trust Co—1 at 811, 1at311, 1at 311, 1 at 912, 1 at 812, 1 at 335, 1 =t 325, BONDS. Bid and Asked Prices. PUBLIC UTILITY, Asied Amer. Amer. Amer, Amer, Tel. & Telga, 45 803 & Potomac os . Auncostis & Potomac gua C. & P. Telephone Bs. G & P Telephone of Georgetown Gas 1st 5s. Metropolitan R. R. 5t Potomac Elec. 1st Bs. Potomac Elec. cons. 5 Potomac Elec. deb. 6s Potomac Elec. Pow. g. m. Pot. Elec. Pow. g m. & ref. & Mt. Ver. 5 Alex.’ & Mt. Vernon ¢ Bait. & Annap. 7. rhington Gas 0s shington Gas T%s ... . Rwy. & Flec. 4s. sh, Rwy. Elec. g m. 6s. MISCELLANEOUS. D. C. Paper Mfg. 6s. Riggs Realty 58 (I Wardman Park Hotel s.. STOCKS. PUBLIC UTILITY. American Tel. & Tell Wi N. & W, Stes : Wash. Rwy. & Elee. com. ... Wash. Rwy' & Elec, pfd.... .. District Farmers ect Federal-American Liberty .. National TRUST COMPANY. American Security and Trust. Continental Trust Merchants’ Baok . National Sav. & Trusi Union _Trus! Washington Loan and Tru Commerce and Saving East Washington. Security Savings and Com. Seventh Street. United States. Washington Mechanics’ FIRE INSURANCE. 225 TITLE INSURANCE, Columbia Title.. [ Real Estate Title. MISC! Columbia Graphophone. Columbia Graphophone D. C. Paper ptd . Merchants' Transfer & Storage. 1 Mergenthaler Linotype. 165 Ula Dutch Market com.. . 014 Dutch Market pfd... Lanston Monotype . Jecurity ' Btorage. Washington Market: ellow Cal oone. *Ex dlv. Fi 28532, ol ta | exists, | said that any degree of inflation ver 3 So far as Wail street condi- tions are concerned, it is true tha brokers' loans are pretty nearly a high now as they were at the wors of the inflationary period. But this does not imply, as it did then, over extension of pools and individuals It is due principally, as the presiden: of the stock exchange has pointed out to the vast increase in new securit: issues and in the number of new stocks and bonds listed upon the ex change. The total value of listec securities In November; 1919, wa+ nearly $33.500,000,000: on March it was over $42,000,000,000. Record Freight Trafe Expected. Posaibly the most striking evidenc of what the feeling is toward 1 business outlook was given this wee| by the report of the #s0ciation o Railway Executives, setting fort thelr expectations of a record-breal ing trafic moveme in the autum and their plans to meet it th ug the purchase of new equipment. The March figures on car loading< have surpassed all previous totals fo that month. They were only 10 e cent under the maximum of October 1920. It is easy, therefore, to believe that when, on top of the sent u vsually hea mercha: tonna the autumn crop move begl the heads of the carrfers will fing their expectations realized The point of more mediate portance is, however, that in ad ing a program which calls for the ¢a penditure of over £1.000,000,000, n &d dition to the $440,600,000 spent . the rail executives are expre fidence that the prese 2se is no ephemeral thing Profits in Some Doubt. Tn the stock arket the reason w these anticipatio business volume with more enthus there ds doubt quacy in _many cases of the profit margin. To handle the unusual traf fic now passing railronds unusual expe mude on malintenance, questio: of how far ' hi favorable gross earnings resul Zoing to be off 8et by increased operat Misgivings on this score U showing recently in the market fo railway shares, In the same way, holding copper 8stocks in check, is the dc what extent the benefits higher prices for products will be diminis) ed by the higher wages which th companies have had to pay the problem of labor s of the fruits of the new laws—is pretty certain creasingly comes to getting the extra supply laborers for the crop mak . (Copyright, COTTON SITUATION WORRYING ENGLAND Threatened Curtailment in Pro- duction in April Affects 100.- 000 Workers. is simply t arding th what seems to e and other { B the Associated Press. LONDON, April 7 review of business conditions in United Kingdom published by American chamber of commerce London notes that the Lancash cotton industry fs still depressed One hundred thousand operatives are affected by the recommendation of the Master Cotton Spinners’ Federa- tion for a curtailment of production during April in the mills spinning American cotton. The crop produccd in the United States gives emplo: ment to two-thirds of the spinn machinery. A bill has been introduced in p liament compelling all Lanc spinners to contribute a levy pence per bale on all raw cotton u: in the United Kingdom. The money thus collected would go to swell the funds of the Empire Cotton Growing Corporation, and would be used in ex- panding the production of the raw material in various parts of the eu pire. Referring to the new Irish imj duty of 3313 per cent the survey savs those hardest hit are the motor mui ufacturers, who believe they will t unable to meet American competi- tion. Continued progress in the British iron and steel industries is noted —_—— Mrs. Angelette Walters, ninety vear old, living near Steubenville, Ohio, has never seen a street car or ridden on a ratlroad train. —The montiy th the in EDUCATIONAL. SP ANISH sctooL OF WASHINGTON Bapld Progress. 1317 F st. n.w. M. 5685. ¢ Prots. _from _Bpain—Conversation: Statistical Class! Ficst lesson on Thursday eve- ning, April 12, 7-9. Be sure to en- roll at once 5o as to be thoroughl prepared before the examination on May 9. WOOD’S SCHOOL 311 East Capitol Street Lincoln 3S. SCHOOL, FOR CHILD) 3 near Wardman (45 2727 Copnecticut ave. m.w. Park Hotel. Grades 1.9, kinderga: , nursery (24 yri & April 9. COLUMBIA SCHOOL OF DRAFTING Roy C. Claflin, Pres. 14th & T Sts. Phone N. 272 Learn Drafting and enter this profession of good pay and congenial work. DAY OR_ NIGHT SESSIONS INDIVIDUAL_ INSTRUCTIONS COURSE IN 3 TO 8 MONTHS Full Information_on Request Get Latest Catalogue ENROLL THIS WEEK ACE INSTITUTE Accountancy and Business Administration Graduatenot tho Tnstitutaare found everywhare f profemional Accountancy praciice 1§ fornoo 17-avoning olasos are availebi T15G St., N. W., Corner Sth St., Washington MUSICAL lleS'IIMJC'l'l()fl'.___< Piano, Saxophone, Banjo onrSiennen 1008 O B LW Maln 1¥Tie -