Evening Star Newspaper, May 29, 1923, Page 15

—where your time is appreciated. w. During the noon hour, when minutes count, many depositors find it conven- ient to transact their business with this friendly Bank. It is particularly at such busy periods that this bank dem- onstrates best its prompt and courte- ous service. It rarely takes more than two or three minutes to complete any transaction. It does not take any longer to open a new account., = Federal-American National Bank 1315 F Street . GALLIHER, JOHN Chairman of the Board, POOLE, President LEES NANE ISSLE INOLFRAUD CASE Promotors Accused of Using Bogus Relation of General in Stock Schemes. | By the Associated Press. FORT WORTH, Tex., May 20.—Ta ing of testimony in the “ofl frau case of the Gen. Lee defendants will get under way in United States dis- trict court today. A jury was ob- tained yesterday. Among the first witnesses for the government will be G. T. Lee, nephew of Gen. Robert E. Lee, commander-in-chief of the Con- federate armies. Mr. Lee was brought by the govern- ment_from his home near Richmond, Va. It is understood to question the claim of “Gen.” Robert A. Lee, one of If you wish Over Forty Years’ Experience in Real Estate your National Capital, we can advise you. | THOMAS J. FISHER & CO., INC. 738 15th Street, N.W. Washington, D. C. Main 6830 --THE . EVENING . STAR;. 'WASHINGTFON, the defendants, that he is descendant of the famous Confederate leader and of the Lees of the days of the Ameri- can revolution. léged in the indictment that Charles Sherwin and H. H. Sch o other two defendants, held up “Gen.” Robert A. Lee as a descendant of the historic Lee family to further their alleged fraudulent schemes. The government in the indictment places Sherwin and Schwarz at the back of the alleged schemes. pointing out that they paid Lee $12.50 weekly for the use of his name and his “pre- tended relationship” to the historic general in furtherance of thelr plans. The defense of Sherwin and’ Schwarz | is expected to rely chiefly on a mo- tion to dismiss the indictments be- cause the two claimed they were forced to give incriminating evidence to the Federal Trade Commission in a previous investigation by that bod: Lee's defense is expected to be 1 he really thought himself a descendant | of the Virginla Lees. LIVERPOOL COTTON. LIVERPOOL, M Cotton—Spot quiet: prices firm. od middling, 5.91: fully middling, ; middling, 15.71; low middling, 15. nary, 14.96; ordinar: 5,000 bales, including Receipts, 8,000 bales, including 2,200 American. Futures closed steady. May, 15.09; July, 14.71; October, 13.50: Decemb 13.11; January, ' 12 Marc! 0. er. 125 to invest In As a User of Rubber Goods of any description ~You owe it to yourself to know why the United States Rubber Company established its own Rubber Plantations in the Far East The United States Rubber Plantations cover 172 square miles in Sumatra and on the Malay Peninsula. 110,000 acres—a veritable Garden of 5,000,000 Rubber Trees. From these Plantations comes the Rubber Latex—the milky liquid that flows from the rubber tree when it is tapped—for the new SPRAYED RUBBER which, with the new WEB CORD, and the new FLAT-BAND METHOD of building a Cord Tire, constitute the new Art of Rubber Manufacture developed by the United States Rubber Company. OMEfifteen years ago,the United States Rubber Company foresaw the need for ensuring its own ade- quate supply of crude rubber. The Company realized that in order to live up to its leadership, it could no longer rely on the usual market grades for its crude rubber supply. Soit started its own rubber plantations. One hundred and ‘seventy-two squaremilesof gentlyrollingground, rich and fertile almost beyond belief, were bought in Sumatra and on the Malay Peninsula. The climate moist, but with rainfall evenly distributed. Protected from the winds, and with a temperature that never falls below 70 degrees F. Today on these 172 square miles of rich tropical soil there are 5,000, 000 rubber trees—“pedigreed stock” —each a Hevea Braziliensis, grown in the plantation nurseries from carefully selected stock. “U. S.” Plantations Fifteen Years Old These plantations have now been in bearing for more than ten years. (It takes five years from the time of planting before the tree is tapped for latex. From then on the yield increases year by year.) This ownership and control en- ables the Company to obtain from its own properties a constantly in- creasing supply of crude rubber. And what is even more important, to obtain rubber of uniform quality, esp:ecinllv adlapted to its own re-. quirements. _United States Rubber Company Here, then, for the benefit of all users of “U. S.” Rubber Goods, is a sure source of rubber latex of the very finest quality. For “U. S.” Products Exclusively Thousands of tons of pure rubber are produced every year— for United States Rubber Company products exclusively: .”” Rubber Footwear—*“U. S.” Royal Cord Tires—Keds—Spring-Step Rubber Heels alls—Waterbottles, Gloves, Tubing, and other surgical and house- hold rubber goods— Raynster Raincoats— “U.S.” Rubber Hose—*“U.S.” Belting, Pack- e Luggage — “yU. —=“U. S.” Royal Golf ing and Gaskets — Naugahyd Rubber Company’s plantations in Sumatra. WEB CORD is based affinity for cotton cord. The Web Cord is the webbed sheet of cotton cord, impreg- out with pure rubber. It nated throu, has none of the old chemical solutions of Cord tires are now built elastic pressure of a gas with the inner surface. The government -al-{ that the rubber latex has a strong natural This is one of the young trees on the United States I i such as all other cord fabric has. No I The FLAT-BAND METHOD of building Cord Tires is equally revolutionary. Royal and then inflated and vulcanized with the -D.- C.,- TUESDAY, MAY - 29;--1923. . | PENNSY IS FIRM FOR OWN UNIONS Rea Tells Labor Board Policy Will Be Maintained Regard- less of Decisions. . By the Associated Press. { CHICAGO, May 29.—Company asso- clations of employes are fixed insti- tutions on the Pennsylvania system, | Samuel Rea, president, told the United States Rallroad Labor Board | yesterday, regardless of any decisions | the board may issue dealing with the carrier's employe representation pol- iey. President Rea, appearing volunta- rily in the dispute involving the right to represent the road's 40,000 or more clerks and miscellaneous forces, lclnlmed by both the Brotherhood of | Railway and Steamship Clerks, Freight Handlers, Express and Sta- tion Employes and the Carrier's Em- | ploye Association, asserted that the ‘lvanla would not deal with the union as such. and that it 182,000 CASH"°gzs | TEN YEARS—will buy the most | beautiful fruit and poultry farm | near Washington, LAUREL, Md. / L 18 acres, 3 in wood. 500 bearing fruit s of all kinds; 400 grapevines, strawber- ranpherri garden already planted. Cotiage worth more tha ¥ modern convenlence, Including . sun parlor, two bathw with show Extra bungaiow and garage. | OSCAR C. OREM, Cecil Aplrllllel'“. i | WANTED We have clients for 6 to 10 || room homes, modern, good con- dition, in all sections of city. A listing of such properties with us will prove of mutual benefit. Terrell & Little, Inc. Realtors 1206 18th Street N.W. would continue to negotiate with its employes solely through the recog- rized representatives of the company assoclations. Charges Law Flouted. The Clerks' Union charged that the Pennsylvania system is openly flout- ing the laws, and that “to allow such a policy to be followed by any pri- ate corporation without punishment or reprimand is to put a premium on crime and condone and protect anarchy.” Ben W. Hooper, chairman of the board, and Mr. Senneff could not agree on interpretations of the Su- preme Court decision in the Pennsyl- vania shop crafts case, involving the same questions that are before the board. The Supreme Court ruled that the board had a right to order an election .in which the shop crafts union would be represented, but pointed out that the board could not command obedience to its order ex- cept in so far as it could mold public opinion by publicly criticizing the carrier. Friendly Relations in Danger. The clerks’ organization, which the company maintains does not repre- sent the clerks and miscellaneous forces of the road, is now before the board in an attempt to show that the carrier has not obeyed the board’'s order. Close and increasingly friendly re- lations betwgen the company and its employes, which now prevail to a greater degree than at any time since the pre-war days, would break down If the carrier should obey the board's order, President Rea said. Referring to the empioye repre- sentation plan and the Supreme Court decision, Mr. Rea sald: “In adopting this plan we were sat- isfled at all times with the justness and propriety of our policy; and here let it be clearly understood, as 80 often misstated, that the Supreme Court of the United States expressly declined to voice any opinion upon the merits of the principles and deci- slons adopted and rendered by #fis board."” PROSPERITY AHEAD, BANKERS DECLARE Continued Business Boom Predict- ed, Especially in Southern States. By the Associated Prest. FRENCH LICK. Ind. May 20.—A note of optimism regarding the future business outlook in the Untied States was sounded by delegates attending the eleventh annual convention of the ational Assoclation of Reserve City Bankers, in session here. Jack D. Leslie, Vice president of the Dallas Nutional Bank, Dallas, Tex., speaking on the general business and agricultural situation of the south, declared the people of that section are in the midst of a period of pros- perity and unless something unfore- seen ” hapoens. before harvest. the south will enjoy an unusually pros- perous vear. ‘With prices of tobacco, eotton. cat- tle. sheep and wool on the upgrade and with prospects good for an ex- cellent crop, the southern bankers are talking prosperity,” he said. GOLD AND SILVER ORE OUTPUT SHOWS GAINS By the Associated Press. DAWSON, Y. T.. May 29.—With the season's output of nearly 10,000 tons of silver ore awaiting shipment to the coast on the flood waters of the Stewart river, it is estimated that the vear's output of gold and silver on the discovery first true rubber- cross tie-threads rubber are used. on a flat drum, in direct contact in the Yukon will total $3,500,000. This will exceed the output annually for many years. The first 700 tons of silver have already reached Dawson and 3,000 tons are cached at the headwaters of the Stewart. Six thousand more tons await sledding to the river. The value of the winter's silver is esti- mated at $1.25 Business Opportunity A four-story brick build- ing containing 12 apart- ments of one room and bath, completely furnished. First floor is now operated as a high class cafe (doing an excellent business). This property is in a good business section (near 14th and H n.w.) ‘and can be handled on $10,000 cash. Income from apartments approximately $5,000 per annum. Lot is 21.5x80. Call us to inspect. Francis A. Crawford, Inc. 903-4 Continental Trust Bldg. Main 2730-7352 Paracore Insulated Wire—Radio Parts, Battery Jars, and other hard rubber goods. All bearing the celebrated “U.S.” Mark of Leadership. * * * Now comes the development of three new and basic contributions to rubber manufacture by the United States Rubber Company. These are— The New Sprayed Rubber The New Web Cord The New Flat-Band Method of - Building a Cord Tire Of these three discov- eries, Sprayed Rubber andtheWebCorddepend absolutely on a sure sup- ply of pure rubber latex. SPRAYED RUBBER is the new scientific proc- ess of obtaining crude rubber from the latex. It produces uniforml. pure mbber—wid\afi the natural qualities ofthe latex, including many that were im- paired by the older processes. Sprayed Rubber is the first to be free of both acids smoke residues. It is dry and pure. cons! By this method the cords are all laid and kept at the scientific angle, theyare of precisely the right length, and each cord bears its oun propors tionate share of the load. A cord tire that fulfills, at last, the conception of what a cord tire should be and do. * * * Taken together, these three discoveries tute a new art and science of rubber manufacture—of outstanding benefit to every consumer, merchant and producer of rubber articles of any description. arrives here it is pumped into tank cars and’so t the Com; s f¢ ted by rail to e 14th St. Near You Good investment, also specu- lation; large store: 3 five-room apartments. $35,000. W. C. and A. N. Miller Realtors 1119 17th St. NN\W. Main 1790 Satisfaction comes in th genuine. There is no other transmission or differential gear lubrication like EBONITE. It’s recommended by auto- motive engineers as the one safe kind. N Be safe. Ask for EBONITE, and see that you get it. sola by reliable dealers in five-pound cans, and at ap- pointed service stations where you see the checker- board design' pump. EBONITE (1t’s Shredded Oil) For Transmissions and Differentials i 1 i ; | Security Savings Columbia Ip. Ps Réqu'ests Refund On Rail Ticket31 Years Afterlssue By the Associated Press. NEW ORLEANS. May 29.—Re- quest for a refund on an unused half-fare ticket issued thirty-one vears ago for passage between ‘Eastview and Big Clifty, Ky., on “ the Newport News and Mississipp! Valley railroad, was received here today at the office of W. H. Brill, general passenger agent of the linois Central railroad. The value of the ticket at the time it was issued was approximately 10 cents. The claim came from Mrs. Terry Rogers of Hepder: to whom the ticket was iss was dated May 31, 189 R. H. Fowler, div passenger agent of the Tllinois Central at Louisville. in transmitting the ticket and claim to Mr. Briil rec- ommended the claim be turned down “as the child was so small she probably was overlooked by the conductor.” While the claim was filed in regular form, it was taken at the general passenger agent's office *as a joke and as a means of transmitting the ticket archives of the company. The Newport News and Missis- sippi Valley railroad was sold many years ago to the Chesapeake and " Ohio Southwestern railroad and in turn sold by that line to the Illinois Central system. {UNION PACIFIC HAS INCREASE IN NET Lower Freight Rates and .Shop- men's Strike Reduce Operat- . ing Revenues. to the By the Associated Press. NEW YORK, May 28.—Net income {from all sources of the Union Pacific | Railroad Company in 1922 totaled 1$32,338.723, afh increase of $2.276, jover 1821, according to the annual re- ISEEK BIGGER SHP SUBSIDY IN JAPAN Competition in Pacific Wa- ters Grows as U. S. Ship- pers Get New Business. BY J. C. ROYLE. Special Dispatch to The NEW YORK, May 29.—The Japane government has been petitioned by big shipping interests in that country to increase the subsidies granted Japancse shipping in order that the latter be able to meet competition in Pacific waters. According 1o ex mation whic may lusive infor- h reached here today, Japa- nese ship owners have asked a new subsidy of five ven, or approximately $2.50, per unit horsepower for all vessels under the Japanese flag of over 7,000 tons. During the first five months of this year American shipping intra- transpacific trade has grown to such proportions that it exceeds the Japi- nese and British tonnage combined Expansion & freight shipments to th orient, shipping:men s responisible for the bo ceived by the United Board for vessels in scrvice pacific routes. Rush of Ocean Traffic. Freight and passenger capacities American ships now plying the routes will be taxed to the limit_ within another vear, according to W Frazer, member of the firm of Frazer, largest exporters dealing with Japan, and also doing a_tremendous import business with the orient “Business inflation caused in Japan by the war has largely disappeared.” Mr. Frazer said tod “Conditions there now are approaching normal The unstable condition of China I= the only factor holding back a tre- Shipping on trans- mendous business revival throughout {the orient. T am confident. however that the situation in the latter coun- try will change for the better “Throughout the far east foreign in port made public today. Net income, (terests, with Am in t lead less sinking fund requirements and |3re, beginning (o dovelop manufar uring enterprises an e, dividends on the preferred stock. |constantly increasing demand for amounted to $28,348.566, which is|American goods and machinery equivalent to 12.35 per cei n the | There also has been. and will con- L nt on thel e to be, a notable increase in $221,291,600 common stock outstand- jing. as compared with 11.73 per cent earned on the commpn the year be- fore. Operating revenues of the road de- {creased $8.093,097, which due, the report says. to reductions in freight rates and to decrease in pas- senger travel, as well as by the shop- men's strike.’” Owing to the miners’ strike, the company declares. it found it necessary to purchase coal from non-union mines in Utah and Brit- ish Columbia, increasing the delivered price 10 $3.40 in 1922, as against $3.19 in 1921. the aggregate increase héing $945,11%, —_— Washington Stock Exchange SALES. Potomac Electric 1st 55—$1,000 at 97. $1,000 at 97, $1.000 at 97. $1.000 was $1.000 S at 97. Tiardman Park Hotel 6a—8$1.000 st 90. istric jon: —5 5 5, LoPlstrict al Baok—5 at 165, 10 at 165, | American Security and Trust Co.—5 at 315, & B Washington Loan and Trust Co.—10 at 340. AFTER CALL. Fashington Ryv. & Electric 453300 at 70 ‘apital Traction 55—$1,000 at 84, $300 at 84, 3500 at 94. i American Security and Trust Co.—1 at 314. Capital Traction—10 at 98, 4 at 0 at 95, 10 at 95, 10 at 95. 30 at 95, Washington Market Co.—10 at 43, 10 at 44, !: at 44, 4 at Washington Kwr. & Elec. pfd.—10 at 72% Money—Call loans, 5 and 6 per cent. BONDS. Bid and Asked Prices. PUBLIOC UTILITY. American Tel. & Teiga. 4s a2 American Tel. & Telga. 414 102 m. Tel. & Tel. ctl. tr. 5s... 98 T 15 881 & Potomac gu; RR1L & P. Telephone Js.. 28 & P. Telephone of 8515 pital Traction R. R. 5s.. 943, 971, 9715 10013 02 Wash. Ruv. & Elec Wash, Rwy. & Ele: MISC D. C. Paper Mfg. 6s.. Riggs Realty 5 Riggs Reaity PUBLIC UTILITY. American Tel. & Telga. | Washington G 2% | Norfolk_& Wash. Wash. Rwy. & El 25 Wi wy. Terminal Capital Columbia | Commereia Distriet | Farmers ‘& ‘Mechanics { Federal-American . i Second . A National Bank of Washingtol TRUST COMPA American Security and Trust 318 Continental Trust - 93 Merchants’ Ba i ational Savings & Trus 3 | Uni ust. B Vash. Loan 345 SAVIN mmerce & Savings.... East Washington. Seventhh_Street United States. : Wasiington Mechanic: American Corcoran Firemen' s National Unlon 8 TITLE INSURANCE. Columbia_Title,. % 8 Real Estate Title. 125 MISCELLANEOUS. Columbia Graphophone com. Graphophone -pfd. 0id Dutch A Old Dutch Market pfd. Lanston Monotype. Becurity Stora Washington Market. Yellow Cab, B. & 0. EARNINGS GAIN. BALTIMORE, May 29.—Earnings of the Baltimore and Ohio railroad for WApril and for the four months to ‘April 30 show large increases over the same periods of 1922. The in- crease for the month in gross is $5,- for the four months, The increase in net for the is_ $1,277.453; for the four months, $5,114,667. - NEW YORK EGG PRICES. NEW YORK, May 29.—Eggs—Weak: recelpts, 57,646 crates; fresh gathered extra firsts, 27%a28%;.do., firsts, 26 237; do., seconds, 25 fresh gath- ered storage packed extra firsts, 28a 30; do., firsts, 28a28%; New Jersey hennery whites, locally selected ex- tras, 38a40. TEA COMPANY'S REPORT. NEW YORK. May_ 29.—The Great Atlantic and Pacific Tea Company re- Inorts gross sales of $346,940.573 against $202, n an( IR 302,887 in. 1930.” 25 I | particular classes of eggs. 319, | B for | 43 ch 15, 19 90w, | 458 March 15, travel to all’ oriental points. Planters Oppose High Sugar Pricex. A portion at least of the tr dous business along the Pacific trade lanes will be the transporta tion ‘of the Hawallan sugar crop t this country. That crop will aggre gate at least 500,000 tons, according to Richard G. Trent, banker and di- rector of American Factors Limited the largest sugar comp in the islands, and interested in a number of Innm- sugar plantations. Mr. Tren declared today that he, in commor with other Hawaiian sugar men, was bitterly opposed to the present high prices ‘obtaining for sugar. “When prices advance so high,” he ny said, “it works harm to the Ha- wallan growers hecause of the in- ducement presented to the Java planters and others to send their crops to American markets. High prices alw: e the old cloud on the Hawai zon——the possibilit Cuban sugar on the fres ch a step were taken—and it is discussed every time the pr | 8oes up—it would put the Hawaii planters out of business. If Cu jhad no duty to pay she could se suger in the United States for what it costs to gro Hawalian, let I market.” Mr. Trent stated, workers, being fields by bonus threatened shorti The attitude of the Hawaiian grow lers is of extreme importance to_tl { Pacific northwest, according to W liam P. McCaffray of Seattle, v president and manager of the tional Fruit Canning Company. “The 1923 pack of small frults ir Washington and Oregon will be fully up to average.” McCaffray said. “with only one danger in prospect for can alc ne They must use caution in the , selling end “The storage pack—that is. berries 2lin fire barrels packed in sugar, will be larger this vear than | jlast, as buying from eastern points jhas’ been quite well above expec {tions. The safety of producers {in sugar storage in deep sca ter ‘{minals on the north Pacific coast { Last vear the California pack was unusually large and when it came jto selling late in the on spot fruits were lower than the advance prices and growers suffered accord- ingly EGG RAISERS WOULD END MIDDLEMAN’S PROFIT CHICAGO, May 29.—Delegates from forty-six states in session here lis tened to the details of a plan for | co-operative marketing of eggs that { promises to save the consumer 25 per jcent and at the same time net thr producer per cent more in_ profit than under the present way of deal- ing through commission houses and other middlemen. It was proposed to tral stations for the gathering and grading of eggs. They will be sorted as to weight, condition and color, and shipped to the markets calling for plish cen- —_—— INCREASE EXPECTED IN GEORGIA PEACHES Special Dispatch to The Sta: ATLANTA, May peach crop will amou: this year, an increase —The Georgia to 8,390 cars f 890 cars over 1922, according to estimates of the Georgia Fruit Exchange made public today. The early peach movement will ! be in full swing this week hardier for having weather conditions {luscious. Fan The fruit is withstood bad and is espectally v prices are expected. — SHORT-TERM SECURITIES. (Quotations furnished by Redmond & Co.) ——Noon. — - Bid. Asked Aluminum Co. of Am. 1084~ 103% Aluminum Co. of Am. ‘American Cotton Oil 68 ! American Sagar 6s 1037, 1. & Tel. 6 1017 10041 He 1 K ansa Kenne 78 1080....... 1 Libby, McNeil & Libby 7s 193i. M., 8t. P. & 8. 8. M. 61y 1931 Morris & Co. 7138 1930. R. R. 75 1980. | Giemiors aton $ian. 1 forn % Westinghouse E. & M. 7s 1831. ——e TREASURY CERTIFICATES. (Quotations furnished hy Redmond & Co.) 936. s 3% Zune 15, 18 s Beptember 2%. September 15, 1923, 4s' December 15. 1928. . 434 June %% December 1 s Reptember 13. s March 15,