Evening Star Newspaper, November 1, 1923, Page 3

FRAUDULENT STOCK EXPOSURE PRAED Banker Committee Explainsi War Waged on Worth- less _Securities. The fraudulent advertising commit- tee of. the Investment Bankers’ Asso- ciation, James C. Fenhagen of Balti- more chairman, made strenuous efforts during the vear for the “suppression | of fraudulent security offerings,” with & report yesterday to the association | that the committee’s belfef Is “that the present number of illegitimate-in- vestment offerings are at their lowest ebd.” Co-operating with the committee were sixteen separate committees with- | in_the association, better husiness bureaus and “some of the maost influ- ential magazines and newspapers | throughout the country.™ | Efforts of the committees had been | specifically, It was sald. “to force | spurious ~investment sehemes from thelr own fields, and to warn the other aroup chalrmen of their possib'e entry | into their respective territorie€.” places of | their attendant perpetrators, ' I en- deavor to protect the public from the depredations of these swindlers, "Many of our states. to cite Penn- sylvania as n example. have created | : Sr the supervision of ahting Eo1 % hecessary feature The committee pald tribute to “the greatest of all instrumentalities dur- ing the past year—the power vested in the Post Office Department, whose active campaign throughout the coun try, but more particularly in Tex where they engaged in the suppre sion of many fraudulent oil stoc offerings and promoters, inciuding the well known Dr. Cook, has re- celved the commendation and lauda- tion of the entire United States.” ncerns Acted Against. Work of the Blue Sky Committee, In, of Maryland - wi noted, in co- operation with. which the committee Lad mchieved signal success. The 3. 1. Doliings Company, the L. R. Steel +"orpurution, the Hanline Motor Corporation and the M. V. All- Weather Train Control Company were named as concerns against which action had been taken “Through the splendid co-opera- tion and intelilgent work of our local newspapers,” the southeastern group committee said, “effective publicity has been given to these fraudulent endeavors to the extent that our peo- ple are becoming notably wary of dublous propositions presented them and are keeping us generally advised of any new offerings in our field, upon which no time s lost in investi- s ng." in. SPECTAL NOTICES. i St | NOT RESFONSIBLE FOR AN : tracted by any one else other myse M. OWSKI. known as Max Kunow- | debts contracted sclf. BERKLEY (Apt. 28) 3 R ANY myself. Rural Route 9, Ana- 1L debts ineu RICHARD L. MO costia, D. C ew London. Coun y, Noj B FER COMPANY Nov. 17. THE i 1125 done right. Get Ca: Plumbers and steam- e fitters. Col. 153-1331. 3207 14th st. n.w. -WANTED T BRING A VAN LOAD OF FUR. niture from New York, Philadelphia aud Wil. miogton, Del.. to Washiugton. SMITH'S TRANSFER AND STORAGE Co. DUCK AND QUAIL SHOO' ¥ emberships _availabie I restricted local shooting club with 1,000 acres upland shore, near Washlington. lards, adjoining large clubs. Reasonable, J. H. GRAVES, ain 4588, OREAT dflPPDRTUh'T;—RLGS WABHED. | restored to original colors at your ery reasonable. Progressive Sales n.w. 7 LAWNS PUT IN FIRST-CLASS ORDE! tich_soil; hedge d all kinds shi A Rerrenl & S0 3 NT struments kept repaired free of charge. Pianos repaired, shipped and moved. Bale agent for Xranich' & Bach, Heary F. Miller, Emerson 2nd_Bradbury pianos. ADGO WORCH, 1110 G S¢. Est. 187 at the real estate office of R. gou, Inc., Mondsy, 1923, at 7:30 Dues on stock of the 320d serles may be to J. Walter Stephenson, treasurer, 306 . Office hours, 9 to pom. | paid | th | rrency. JOSEP] N J. 3. DERMODY, Secretary. YOUR OWN APPLES AT TH OF MARYLAND ORCHARD, DNOR, MD. Fil’ yodr basket with our choice St: n ‘Winepaps, York Imperia Cider free. Briog your 7th st pike to Band SRcuasor HEART riends Sunday. Spring. furn right at | EART OF MARYRAND | H | repairing _on men's whirts, de up of Sour own materlal. Phone 3 2* to i to his clienfele, ~ After November 1 his real estate office will be located st Room 802, Continental Trust building. 14th and H streels n.w. Tele- phoue Mi . Blagh Puta HEAT in Hearl Are You Ready for Cold Modern | —weather? Better be Heating [sure—let Biggs over- Plants ?haulE\:ur heater now. The Bnggs gineering Co., WARREN W. BIGGS, President. 1810 14th Rt. N. Tel. Prank. 317. YOUR ROOF NEEDS ill be promptly-and capably I { atfer (0 we get e order Boa’t ‘go ' through unotlier winter of leaks and worr. Feel safel Send for us NO' W, Phone ‘Majn" 9: NEED PRINTING? Our experience, equipment -and “locy tion are all in your favor. High grad but not high priced. ¢ BYRON S..ADAMS, Zaimes 813 J1th 8 Liquids, water, ore: Doisons, foods, coal, oll, uride, Resmopable prices. ATIONAL LABOBATORIES, 1RC.s 1838 H N.W. Phone_Frank| u&l:c%. SEE US NOW fore real winter . weather sets' in—we will examine amd repair your roof and ‘guaran- tee it o be 0. K. 1121 IRONCLAD 2t ssc oz Company. Prom) gor axd Al ! Arlington Hotel, VERMONT AVE. ABOVE K. Hydro-Lig] hter. Vhen inspecting your future nome look for ‘Tue Hydro-Lighter gives you du 'fi' ;n::enutu. Bee — st control of the stration. 1406 To Buyers of Printing, Qur - Million-Dollar - Prinyag - Plant-is tic ome ! vestment | day |son of thnis eity president. ; ! referred as the class from whom we ® | celpts and expendityres each would be New Yorker Heads Bankers; - . Washington Man Is: Bonus Disapproved for- Able-Bodied Ex-Saldiers. Mail Fraud Plans| Grow Apace, New Says. With the election of John W. Pren- tiss of New York as president and the naming of a full complement of | officers for the emsuing year, the In- Bankers' Assoclation of America late vesterday brought to a close at the Willard Hotel its three- convention, “during which the field of investments had Deen inten- sively considered, many recommendn-: tions made and a campaign almed against the lssue and sale of fraudu- | Eugene E.. Thomp- was elected a vice lent securities. A bonus for able-bodied ex-service men was disapproved, the govern- met Ludget system was ocommendedy and the Tocal committee: in charge of } drrangements for the convention was accorded signal appreciation Take Action Aainse Frauds. Action taken by the assoctation and | its committees against frauds of va-| rious sorts which mulct’ the public} and damage the standing of thedn- vestment business generally occupied a major position yesterday, with ad- dresses by Postmaster General New and his assistant solicitor, Horace 3 “Donnelly, sr. dealing with 'the government's drive against fravd. Postmaster General New llkened fraudulent promoters to predatory animals at a zoo. “I want.to say to vou,” he said, “that I have discovered Since 1 have been Postmaster General that there are men who are much more rapacious, equally without con- Science, than anything you will find out here, in this or any other zoo. “They do not hesitate at all to go after the foreigner to whom I have draw most of our postal savings de- | posits, and they will go after any body else—siick, it not iIntelligent; | resourceful, ves, eminently so, in extremely bad cause. The = public must be protected against them be, cause, singularly enough, the publi¢, does mot seem to know just how to protect itself. Nearly every day in the Post Office Department brings me | a new vevelation of gullibility of people who are really looked upon s intelligent people.” Predicts Budget Balamce. n a discussion of past ° office finances the Postmaster Gemeral pre-| dicted that the budget for his depart- ment might be balanced during the fiscal year 1925. He forecast that re- more than $600,000,000. Assistant Solicitor Donnelly, dis- cussing fraud detected by the depart. ment, said: “It is not extravagant to y that a million. gullible Americans yearly lose their money and property ! in mall fraud schemes and that .a billion dollars annually are so lost.” During the few months of Postmas- r General New's administration, it explained, fraud orders had been sued against the names of 160 per- sons and coneerns, -of which.number 107 were brought against oll:stock promoters. In addition to this, it was reported that the department has more than 400 criminal cases against | li oll promoters in Fort Worth, Tex., alone. More fhan 200 -have been ar. rested and indicted, Mr. Donnelly said, and some brought to trial and con- victed by postal authorities, in co- operation with the Department of Justice. The soldier bonus resolution, pre- sented by Thomas N. Dysart of 8t Louis, declared, u:; vaymer;éeo;‘:“b?; nus to able-bodied ex-serv! be wrong in principle, that the thrift movement would by it be retarded, that a bonus would increase taxation, slow up the disposal of -‘our export- able surplus” and further tend to “prevent the prompt return of this country to full prosperity.” The res- olution. ~however, further provided that “provision should continue to be made by Congress for the benefit and help of all veterans who suffered injury or disability by their service. The resolution indorsing’ the budget system in government was presented by John G. Brogden of Baltimore, de- claring “an_attempt is belng made to] overthrow it.” A special, committee headed by George W. Hodi of New York FLAT TIRE? "MAIN 5& LeETH BROTHERS __Service Chi Never Over $100 We Will Keep the Whole Family in Hot Water— INSTALL A Pittsburg Automatic Gas Water Heater Built and G teed Oldes Distributors~ - Main 1032-3 - 108G St. N.W.* Everything e Paints, Oils, Glass Becker Paint & Glass:Co. ‘West 67 NO “UPS"- AND “DOWNS”: OF 'HEAT Eliminate Extremer of Heating Its ingenious uight rn»—“‘: rey drafts ‘shut off “at. 10" o' turned . on escape: 2 “wide-open fire, ‘volumes of heat pass into the without being ‘utilized: i extremes are prevented Tem) well re e the fire with a combustion balanced Sigp in aud_see full clectric magel oha “rebrembataties wit e o) ~ Terms to suit vour - convenisnce. JOHN J. ODENWALD 1200, H N.W. ROTARIANS INSPECT ‘DEPARTMENT STORE $ 1 Wndvnrd& Lothrop’s Host .zi : . |7 Lunoheon ‘to Body of Busi- ; : . ness Men. ‘A 'demonstration of the workings and magnitude of a department store en- terprise’ was given members of the local Rotary yesterday, when' the organiza- tion was entertained by Rotarian Wil- liam W. Everett, vice president of | Woodward & Lothrop's, at a luncheon |in the big establishment. The . tables were set In the store's cafeterla, and after the ‘meal @ tour of the bullding was made. | The gathering was greatly augmented | by many visiting Masons and invest- | ment bankers. | The meeting was conducted in ac- | cordunce with Rotary procedure. Arthur | Marks presided. Robert Lawrence led { a song service. | Aside from the regular store features shown were the following: The doctor's |office. the dishensary, hospital room, Qentist's offices, training department and rest rooms. the paymaster's office, | ersonnel _director’s quarters, - employ- ment oftice, examination room, lbrary, | | cafeteria and smoking room. | “Another feature was the store switch- | board, over which 10,000 outside or in- | trastore calls are handled each day. - | | JOHN W. PRENTISS. chairmar. was continaed 10 o .}..’; |PRAISES WASHINGTON n gonnection with CENSORS""P OF “ADS" the Denison natiomal bluc sky bill, | before Senate committees last Con- gress. | o Invitation to Lri th conv. ia 0 (i;“mm, mert e gSonvention | M. Robert Herman Warns Local Y Fred 8. Borton and. Charles Otis | i S S e Sl Otis| Club Against Btock Firms With oty nestine "pr 15nad .20, e | Bad Fepotstions: CoxSnorE = . “Washington stands aheud of most ing ap;reg'fn"u‘:‘:ricad‘fi“\&fi:.‘frf’fi.}1"”’“‘ cities in censorship of adver- for the hospitality accorded in Wash. | (18ing." declarcd M. Robert Herman, ington,! and” the' presiding officer | Member of the Investment Bank- | called -to the -platform . Harrs V.| ers' Assoclation, in an address before Haynes, éhllirman. of, the Washington | the _Advertistng Club- of Washington conventionm, and his assistants, to re- | &t the City Clup yesterda: ceive the aunfeciallon of the assocle| It 18 to the interest of the ad- ation.. vertiging men of Washington to see Officers, for the year. aside from the | that the advertising here is properly new president. .and Eugen censored, the speaker said. Thompson of this city, a vice pres Referring to the called “blue dent, are: Vice presidents: Walter §. | ky operations” he sald that Brewster, Brewster & Ci form of business was as prevalent Chicago; ffin & |in Washington as in any other city Burr, inc, Bosto raser, | In the country, and pointed out the Dominion Securities .|advantages to the local merchants td... Toronto; which would result if such business were eliminated. Through the I e sky’’ operations money is being con- stantly taken out of communities in- | stead "af belng allowed to eirculate | there, he said. Mr. Herman warned against buy- stabrook & Co.. New 3 _Secretary, Frederiek Fenton, Fenton, Davis & Boyle, Chicago. Treasurer, John G. Brogden, Stro- ther, Brogden & Co.. Baltimore. Goveraor: | Stevenson r “hicag Richara B 3 vbold’s | Son & foulton, ing stock and dealing with & firm or individuals who have bad reputations. Even though a firm which has had a M reputation reorganizes and manages Angel T ston | to get several men of good reputu- = |tion to serve them in an executiye H. lcapucn , it is still dangerous to deal Moore, mpan: o | with them, he continued. troit: Joel E. Ferris. Ferris & Hard-| He told of methods of advertising grove, Spokane; B. A. T | to bulld up the good will of the pub- Bankers' Trust Compal ; |lic, and concluded with a short tech- Barrett Wendell, ee, Higginson [nical talk on financial advertising. & Co., Chicago R, Hayes, [Willlam H. Wagner, president of the Webster w York. club, presided. Look Out for Roof Troubles—Now This is the season that plays havoc with . roofs. Better to take the precaution to have us go over it—and see that everything is snug and tight for winter—or to make the neces- sary. repairs to have it so. . Don’t wait until it happens—it. will be .. .cheaper and better done now. + A good roof is as essential as a good foun- .ddtion—and Rose’ Roofs are ‘element’ proof. \ " 2120-22 Georgia Avenue Phone North 2044 Washington’s most beautiful residential section of-detach-’ ed homes. Containing séven million feet of forest-covered land, with six ‘miles of improved. streets. Includes what remains of “The Triangle of Increasing Values” between . Connecticut, “Massachusetts and Cathedral avenues (Woodley Rd.). Over five million feet of land sold.. Over 130 -homes from:$15,000 to $200,000 built and under con- truction. “Wooded villa sites, lots and .central and side hall brick homes,:with-lots-from 50 to 115 feet front—Park Office, 32d-and ‘Cathedral Ave. (Woodley Rd.). You want fine flavor and you must have mildness. Ask for tobacco that’s aged in wood— S Pipe & Cigarette Tobacco Lieowrr & Myens Tosacco Co. ‘ . INSPECT TODAY, 3 TO 5 OR 7 TO 9. I A New Meodel Home Completely Furnished?oy W. B: Moses & Sons - 2809 35th St. N.W. Drive out Mass. Ave. to 35th St., then north one block ~ This home, located in Massachusetts Avenue Heights, 14 block south of the Cathedral Grounds, is complete in every detail, having every possible convenience. ‘Hedges & Middleton, Inc. Realtor Splendid Office Amafiom With long-term lease—— ——At attractive rental— —To good tenants—— You'll find the expansive Ground Floor and Batement of the new Office Building—1415 K Street—offers the cheapest rental to be had in Washington. Superior location, character of building—size and adaptability of the rooms—with the advantage of sole use of a basement quite equally as large—fitted with lavatories and toilets. Can be partitioned to suit your business éxactly. For details of lease, terms, etc:, apply at our Rental Department. Boss and Phelps The Home of Homes Phone Main 4340 The Nokol Guarantes Is Bonded by the Fidelity and Casualty Company What about the cost of operating" Nokol There has been an impression in the Middaugh & Shannon, Inc. : WoodwntdBu ding, 15th and H Sts. Established 1899 v 1311 - H St. N.W. - SAMPLE -HOMES OPEN‘TODAY 7643 Columbia Road N.-W.... .. .$8,950 5829 Colorado-Ave. N:W......". . .$8,950 916 D Street N:E.......7.....$8,950 424 15th Street: N.E. L87,450 121 16th' Stréet N.E.. .. ... ... .$7,450 131°16th Stxéet-N.E.. (Cor:) . . .:. $8,450 ‘421 7th Street N.E.. . .. .. $9,250 " 123 4th Street N.E.. . .$9,250- 216 11th Street N.E.. -$9,250 - 1109 D Street SE. ... ..$8,950 71354 K Street SE.... .$7,450 I 1024:3d Street N.E. .. . $5,250 .- ' ALL UP-TO-DATE NEW HOUSES . * .. Sold-on’Easy. Monthly Payments lmpyutl . orPhone. Main 908 for Auto to minds of a few people that Nokol is ex-- pensive to operate—that it is a luxury. . This is perhaps natural, fdr Nokol ses- vice adds such undreamed of comfort to the home that it might be supposed to be costly. % Nokol is guaranteed to keep your home heated at 70° in weather 10° below zero without attention on your patt. It gives you clean, even, automatic, reliable, healthful heat, and does away forever with the dirt and drudgery of coal. No- kol frees its owners from fuel uncertain- ties for all time, for the supply of Nokol fuel is inexhaustible. Nokol would be ‘worth purchasing for its comfort alone, regardless of its cost. : But Nokol is not expensive. It costs no more to . operate in an efficient heating plant than coal. Heat anit for heat unit, it is considerably cheaper. This'has beéen the experience of Nokol nsers here in Washington over a period of four years. Ask for a list of users in your neighborhood. -“Oter 700 Nokol Burners in-W ashingion” MUTUAL SERVICE, INC. 1411 New York Ave. N.W. Phones Main 3883-3¢ Tested and Listed as Standard by Underwriters® Laboratories ExpenencedAdver@;eys_I_’,rgfetheStar;l 65 .Years of Faithful,” Efficient Service - HARD COAL SUBSTITUTES -SAVE YOU MONEY!! . i yor wish to economize on your fuel, we recommend the following substitutes, which are suitable alike for hot-water or steam heating svstems. . Splint Egg or Fairmont. Lump $9.25 Ton Briquettes, $13.00 Coke, $12.50 Marlow Coal Co. 811 E Street N.W. Main 311 Stop the Waste That Is Exactly What Home Buyers in Bm Are doing with their 87,950 Homes that SALES have proven to be the BEST VALUES IN WASHINGTON Better Go See Them Easy Terms Open Day and Nighi TO INSPECT By aulo—drive cross the Q Street Bridge nortn one block to R_Street and drive due west to 56th Stre; (right next the Western High School.) Or take P Street c to 35th Street and walk north to R Street or Wisconsin to 36th Street. Avenue car to R Street and walk west S HANNON-& LUCHS Ouwners and Builders Homes of the Better Class in a Community Center Unsurpassed in Concrete Alleys Exceptional Valae Just East of Grant Circle Exhibit House 4321 3rd St. N.W. (Between Varnum and Webster): Our-Terms Are Liberal e e, ‘To Inspect—Take 16th St. Bus to Grant Circle, or 9th St. Car Marked “Soldiers’ Home.” e maat Open and Lighted Daily Until 9 P.M. D. J. DUNIGAN 1321 New York Ave. N.W. Phone Main 1267 HE Laun-Dry-Ette is the electric washer which created such a sensation at the’. “Better Homes” Exposition. It washes the- clothes and whirls the suds out;’it rinses them and whirls the rinse water out; it blues them and. whirls them dry for the line~a- whole tubful at a time. * Does away with the washboard Does away with the need for extra tubs (portable or stationary) Does away with the wringer (hand or electric) \Washes anything washable —and it whirls a‘ whole tubful (6 sheets or 30 pieces) wringer-dry in one minute with- out a wringer. Doesn’t break buttons, injure fasteners ‘or hooks—and it keeps your hands out of the water. Let us sliow you how it operates in your home. National Electrical Su 1328-30 NEW YORK _@__y.\mm MAIN