Evening Star Newspaper, March 29, 1926, Page 4

ZINC-O-LITH Highest Grade Outside White $3.00 gal. 85c qt. Fries, Beall & Sharp Co. 732-736 10th St. N.W. Ordered riost often of BREAKFAST, COFFEE Roasted RIGHT here in Washington > > — Riverside Apartments Overlooking Poto- mac Park, the Monu- ment and Lincoln Memorial—and across the RivertotheArling- ton Hills. o0 Adjacent to Govern- ment Departments and withinwalking dis- tance of theatre and shopping districts. coo A few eminently de- sirable suites are now available. 1. Living room, kitch- en and bathroom with built-in tub. Living room is equipped with Murphy folding bed. $47.50 a month. oo 2. Living room, break- fast room, kitchen and tiled bathroom with built-in tub. Living room contains a Murphy bed. $60 a month. . . 3. Living room, bed- room, breakfast room with built-in table, kitchen and bathroom with built-in tub. $77.50 a month. oo 4. Large living room, bedroom, small dining room, kitchen and bathroom. $87.50 a month. o0 Apartments may be in- spected atany hour. Resi- dentmanageron premises. NEW YORK AVENUE C and TWENTY-SECOND STREETS, NORTHWEST W. H. WEST COMPANY Agents MAIN 9900 MOB BEATS DRIVER AFTER AUTO CRASH P. H. Keller Obtains Contin- uance in Court, Denying Drunk Charge. Percy Henry Keller, 30 years old salesman, living at 2700 Connecticut wvenue. pleaded not guilty to a charge of driving while drunk when taken before Judge Gus A. Schuldt in Police Court today as the outcome of an antomobile ¢rash vesterday afternoon at Sixteenth street and lo: AV nue. after which he ls said been beaten by witnesses who he was tryi ve. Schuld: granted a ance of the case until Keller will be tried by ; was asked in order to time his counsel, Judge el T | Wright, to come here from Keller gave o $300 bond for his ap pearance. Keller car on enue, police sy, when \shed with one oper: Wassman of 619 H stroet ld daughter of Mrs, f o . Frances, was cut on the cheek by fiying g Lieut. Gus Lauten of the Metropolitan Police, a relative of Mrs, Wassman, appeared at Police Court and said the child would bear an ugly scar all her life as a result. Keller was arrested by Park Police man D. J. Beckman. Witnesses pulled Keller from his auto and beat him, police say. In the car with him, it was said, was W. H. Greyburn, an actor, continu- 23, when Delay to at his was atempting eet auto CUT IN BUS FARE T0 BE DECIDED SOON Temporary Trial Period U‘p Thurs- | day, But Company’s Report Wiil Take Short Time. ‘A reduction in the bus fare on the lines of the Washington Rapid Transit Co. may be considered early in April, it was indicated today by officials of the Public Utilities Commission. | The present rate of fare of 10 cents cash, with six tokens for 50 cents, was put into effect January 1 for a temporary perfod of three months. Announcement was made at that time that a study would be made of the ompany’s earnings for the three onth period to determine if another | cut could be made without jeopardiz- ing a fair rate of return. While the temporary period expires Thursday, E. D. Merrill, president and zeneral manager of the bus company =id today that he could not give the| atilities commission a report on the | carrier's finances for the month of March until about April 10, and therefore would not be in a position | to decide whether it could stand a | fare reduction. Engineer Commissioner J. Franklin Bell, chairman of the commission, said he did not believe it would be wise to force the company into & clear-cut controversy immediately on the expiration of the temporary perfod. unless its report on its finances is_ready. The reduction January 1 was made as a result of a petition filed with the commission by the Federation of Citizens' Association, which urged | that the fares be reduced to 9 cents cash, with three for 25 cents and free transfers to intersecting street car lines. SHORT-CIRCUIT STARTS APARTMENT HOUSE FIRE Blaze in Trash Rooms Arouses Oc- | cupants of the Franklin. No One Injured. A short clreuit in the trash room of the Franklin Apartments, 1913 Fourteenth street, yesterday after- noon, produced dense clouds of smoke, drove 20 families to the street and brought several pieces of fire appa- ratus to the ne. No one was in- Jured. The apartment of Mrs, Frederick C. Selinger, on the first floor of the story building and immediately over the trash room, suffered the most damage from smoke and water, Mrs, Selinger was asleep when the alarm was sounded throughout the building by the janitor, James Carter, and was escorted to the street by her son, Monroe Selinger, who lives with his family on the floor above. Mrs. Monroe Selinger detected smoke about 1:30 o'clock and a few seconds later the fire gong was rung. She made her exit from the building on the fire escape, while Mr. Selinger fought his way through the heavy smoke to the door of his mother's apartment. She had not been awak- ened by the noise. S AT A DIES OF HIS INJURIES. James Butler Had Accused Jesse Smallwood of Assaulting Him. James Butler, colored, 1302 First street southeast, reported by the police to have engaged in an alterca- tion in his home nine days ago with Jesse Smallwood, also colored, 26 years old, 1352 Union street southwest, died at Gallinger Hospital last night. Smallwood is said to have gone to Butler's house and engaged in a quar- rel with him about his domestic af- fairs and is alleged to have cut him it lief for SEA, TRADY - AND "CAR " Sickness: Stove. the nauses 8t onos 36 Joars in e | ’.’v‘dhd":‘-:dn price The Mothorsill Romedy Oo.. Now York and fractured his skull with a brick. Detectives Talley and Hodkinson ar- rested Smallwood and he was com- mitted to jail to await the outcome of the wounds his alleged victim re- ! contribute’ | benefits ceived. Coroner Nevitt arranged to conduct an inquest at the morgue this afternoon. THE REPGRT OF RETIREMENT FUND SHOWS 388,622 TAKING PART) A digest of the report of the board of actuaries on the retirement fund, piven out through the Department of the Interior today, is as follows: The report of the board of ac- tuaries gives the results of the valua- tion of the retirement fund showing its financial conditicn as of June 30, Following this valuation of the ing plan are figures showing the cost of amending the present *act in accordance with certain proposals on which the joint committee on civil service of the Senate and House of Representatives desired information, These proposals are discussed and inges are recommended in the form of a revised bill prepared by the board. Full figures of cost under the changes recommended are also ‘in- cluded. For the first time the report con- tains a complete tabulation of actual membership of the retirement fund It shows that there are 388,622 Gov- nent employes under civil service icipating in the fund with an an- al pay roll of $748542,430. The retived members drawing annuities from the fund total 11,689, the total being paid them annu: 1y amounting to $6, 83 as of June 30, 1925, Discussing the valuation of the present fund, the report points out| that it was necessary for the board to determine on the of the data colley as of June 30, 1925, the actual percentage of the salary of | new employes, which, if set aside an. nu » wWould be adequate to provide during the active service of the em Ic of benefits allowable on their account, “This percentage of salary, whicl indicates the actual cost of bewonis for new employes, may be termed the normal cost of the fund,” the report stat ‘ontributions at this rate alone would not be sufficient to pro- vide the benefits for present employes because of the fact that contributions In their behalf have not been made at | @ normal rate in the past.” 3.35 Per Cent Is Required. On the basis of these calculations, | the report continues, approximately 3.35 per cent of the pay roll is re. quired annually as a normal contri- bution, if benefits are to be continued at their present rate and if a fund is to be accumulated during the active service of employes which will be ade. quate at the time when th to provide their benefits. Employes of the active serv therefore, in paying 214 per cent of their salaries pproximately 75 per cent of the normal co: of benefits. The normal rate of 3.35 per cent is the rate applicable to the average new employe, if new employes enter at the aver: entrance age of the present active force. The cost of benefits for individual entrants varies according to the employe's age at entrance. | ‘The report then takes up the con- tributions required in addition to the normal contributions to provide the ) covered by the prese - tirement ‘fund on June 30, 1995 4 valution is given of the total lia- bilities of the fund on account of the prospective benefits payable to pre. sent annuitants and employes. = As an offset st theese liabilities a able the ntributions already made by emploves which have not been used for the' payment of benefits and the prospective contribu- tions of employes at 23 per cent of sal The remainder represents the labilities which are not covered by employ ontributions at 214 per ce: of sals rinexioent Estimates U. S. Share. _The tabulation of the assets and liabilities of the present retirement fund as of June 30, 1925, shows the present value of payments to be re ceived through contributions of em.| ployes at 215 per cent of their salary, | naking a total of $219,935,394; the | liabilities of the fund as given by | the board is $626,492,636, the remain- der of which amounting to $361,891,- 463, the board's report states, must be made up out of appropriations by the Government. Discussing this valua- tion the report states ““This balance sheet shows that the present value of the prospective con- tributions of employes at 2% per cent amounts to $219,935,304. If the Gov- ernment were to make a contribution of .85 per cent of the pay roll annually, this contribution, together with that of 2% per cent by the employes, would equal 3.35 per cent, which is the nor- mal contribution. ~This contribution would be sufficlent to cover the con- tinuing or normal cost, but it Is not sufficient to cover the liability on ac- count of service rendered by employes prior to the establishment of the fund in 1920, when no contributions were made, nor does it cover credit for service since that date, during jvhich tine the Government has maffe no contribution_whatever. “The liability on ‘account of this past service may be obtained by de- ducting from the total liability of the Government the value of future con- tributions which would be payable by the Government at the normal rate of .85 per cent of salaries. An actuarial calculation shows that & contribution from the Government equal to 85 per cent of the pay roll of present em- ployes has a present value of $75,258,- 480. I the latter amount be deducted from the item of $361,891,463, shown as the value of the Government's prospective appropriation: 983 is left as the amount of contributions in. the pa Too Large for One Payment. “This amount, technically known as the ‘accrued liability," is ordinarily large,” the report goes on, covered by a single payment at the establishment of a retirement fund. Usually some method of spreading the payment over a period of years is employed. If an attempt should be made to cover the accrued liability of the Government in 30 years, it is fig- ured that 1.53 per cent of the pay roll annually would liquidate this Hability in 30 years, assuming that the pay roll of all employes'will increase by ahout 3 per cent of itself each year.” The report estimates the annual re- ceipts to the fund required to take care of this accrued Mability and for the support of the fund, including both the normal cost and the defici- ency cost, at a total of $36,529,491. ‘The annual contributions by the em- ployes are shown at $18,713,561, leav- ing an annual amount payable by the Government of $17,815,930, or 8 per cent of the pay roll. The Page Boy Slipper A Graceful Model of Patent Leather with gray lizaxd calf trim $13.50 C‘/Zrtc)g Shoes 0N Street o | cruing Mabilities of the Government EVENING STAR, WASHINGTON 5 Referiing to the fact that the previ- ous reports of the board have de- seribed in detal the chief we: of the existing retiring pl board presents a brief summd reasons why the provistons -of present law . should be amended. Reasons for Amending. This summary follows: | The act discriminates between vi- rious ses of employes by making | employes whose salaries are In ex-| cess of $1,200 pay more than their proportionate share of the benefits. The higher the employe ry the more unfair is the discrimination, yet the lower salaried employes do not benefit by the injustice of the measure, The annuities are graded some- what according to the number of the | employe's years of service, but the plan of using multiples of three years as a basls for a difference, rather than the exact number of ars of service does not save money for the fund and does not work fairly for the employes. The benefits are not based upon the same salary as that on which the contributions are paid so that in some cases higher ‘salaried em- ployes may actually contribute more to the fund than they can possibly draw out In the form of an annuity. Retirement Age Too High. The ages of retirement are set too high to make the retirement system of the greatest value to either the employe or the Government in eliminating those who are superan- nuated under age of 70. & The benefits provided are so low for employes in responsible positions that they can not afford to give up| their positions in favor of younger or more competent employes, so that uperannuated employes in super- visory positions who might properly be retired for the good of the service cannot be easily eliminated. Employes’ contributions are credit- ed in bulk to a single account with- out adequate provision for the main- tenance of individual accounts, al- though every employe is entitled to receive the total amount of his indi- | vidual contribution with compound interest Because of the lack of adequate records, the liability of the Govern- ment to repay these conjributions is not being properly accounted for, | and as a consequence, the funds, which are in the nature of trust funds, are being dissipated by their. use in making yments to other employes dy retired, and the interest accumulations to which the| employes are entitled are not being | earned or credited. U. S. Held to be Borrowing. | By reason of the failure to account properly for the llability against em- ployes' money, the employes and the public are tending to look upon the employes’ contributions remaining in the fund as a surplus, and to use this as an argument to increase the li bilities of the Government, which already liable to make good the deficit in the fund on account of the em ployes' contributions, which have al- | ready been used for purposes other than as a return to the employes who made them. The Government is making no pro- vision whatever to cover the liabili- ties of the fund, which are not cov- ered by employes' contributions, and is ‘not making any provision what- ever to liquidate the accrued liability for annuities on account of the serv- | ice of employes which was rendered rior to the establishment of the re- irement fund. By reason of this failure to recog nize and make provision for its accru- ing liability, the Government 1s ac tually borrowing from the employi fund moneys to cover the actual ac- n, the vy of the on account of current service of em- ployes. Puts Payment in Future. By continuing the practice now fol- lowed under the existing law, the Gov- ernment is in the position of actually | borrowing money to pay its current | expenses, anfl expecting a future gen- | eration to repay the amount borrowed. | ctual cost of the services of the Governmental emplo; cov- ered by the system is really the amount of their yearly salary plus the amount which, if paid to the r tirement fund, would exactly offset ultimate pensions for which the will_be liable for the y The Government is making no appropriation whatever and is permitting the pensions to he paid by loans from the contributions of employes. Since under the law the Government must return every cent so borrowed with compound in- terest, it is evident that a future gen. eration wjll be faced with his debt. | The practice is not only economically unsound but it will have a tendency actually to increase the liabilities of | the Government. The liabilities of the Government | are likely to be unreasonably increas- ed if the present practice is con- tinued, because so long as the Gov- limits to which they would be in- creased if the actual costs of each increase required an immediate in- crease in the appropriations, rather than further losses to be repaid by future taxpayers. % The existing act should provide for the maintenance of adequate records which will protect the in- terests of both the members and thc Government, and which will afford a basis by which the labilities of the jovernment may be L ascertained periodically as a safeguard on the continued economical administration of the fund Four Plans Analyzed. Taking up the various amendments to the existing act, the board sub mits figures showing the cost of the propesals now before the foint com- mittee of Congrees having retirement | legislation under consideration. The sur plans are analyz is and_cost flg; each of them in The tabulation uuder the proposed plan of umendment. with the mini- mum superannuatiorh retirement age | fixed at 60 years for all employes, vice § Government appropriate estimates 1-40 for_each year of se 120,223,573, of which th ild be required to $769,380,375. The boawl the annual cost of this jNan at $70,- 080,976, of which $26,198085 would rable by the employes and §43,- 881 by the Government. Under the second glin, Gased on 1-45 for each year of service and the retiremen at 60 years for all em: the cost is fixed by the board ,871, of which the Govern- ¢ be required to contribu $661,93 The board estimates th annual cost of this plan at $63,546.2 of which the employes will contrilmite 9 5 and Governmtpt the The ation under the third plam, which fixes the minimum superannu- for postal $ nd 60 for 1ployes, shows a total cost on is of 1-40 for each year of service ut $1,224,286.6 requiring appropriua- | tions from the Government amounting to $878,601,124. The board e would and the Government | 4 The total cost of the fourth plan, on he basis of 1-45 for each service ordin; mate, is $1,104.6 tions required by ing fixed at § Jpropri ment be . The board t of this plan 371,190, of which $26,198,98) | iyable by employe 5 by the Government. To Set As Retirement Age. “All the proposed plan: goes on, “'permit 60, 1 30 y proposals that age 60 be the mimimum for all groups, the second proposal sets ag the minimun age for postal emplc and mechanics. e minimum sidered fair to all groups and would crimination ployes who i 70 unless disabled minimum_ retirement of 60 makes the plan simple operaution, places the Government in| & position to retire’ fmploves at, any time after they have attained that age and is not unr bly costly.’ The report states that the four pro posals would eliminate what the board regards as the present unfalr method of increasing the annuities only upon the completion of three- year periods, but points out that it would not result in making the bene- fit_exactly proportionate to vears of h year of serv. continue. the repori, “rendered up to 30 vears would increase the annuity of an e ploye, but after 30 vears there would | be no increase whatever in the amount of benefit, and consequently no fin-| centive the emplove to continue | that part | excess of | g so that mittee’s proposal, as in | se of the e an, the bene- fits would not be adequate for the higher salaried employ 1 Would Set Per Cent Limit. The board in its report that the benefit be chang f an annuity of 1 p srage annual basic sal eived by the employe during st 10 years of service, with limit, multiplied by the number vears of service, with no limi Costs 4 Send Date of Birth for Full_Information LeROY GOFF [yprance— hes 610 Woodward Bidg. Main 340. Bacillus Acidophilus Milk For intestinal disorders Ask your physiclan about It Prepared by the NATIONAL VACCINE A ANTITOXIN INSTITUTE of the avera $1,800 would re- the no of Insurance ernment takes no account of its lia- bilities there s a constant tendency to increase the benefits beyond the *, ¥, e 3 wortopr et b bbb b the flower of tion! rect answers. bbb bbb bbb bbb bbb bbb bbby, April 4th is Easter—less than a week away! - Now is none too early to pick your Easter finery— Spring stocks are in full bloom here with ties, shirts and socks that represent foreign designers. Then there’s the new hat, topcoat, suit and shoe ques- Well, we've all the cor- 'MEYER’S SHOP ROGERS PEET CLOTHING 1515 U St. N.W. f’? domestic and MONDAY, MARCH 29, 1926. year of service up to 30 years. Since to low-salaried employes this pension may give an annuity equal to full wry, the board suggests a limit on the total amount of annuity equal to 75 per cent of the final average salary of the employe. The board then proposes a new plan ‘including these recommenda- tions as well as others dealing with disability benefit and contributions by employes. In the matter of disabil- ity benefit the board recommends that the allowance be made similar in form to fits suggestion for age retirement fixing the flat allowance for disabled employes for each year of service at $18 instead of $20. “By making the allcwance on disa- retirement,” the board asserts, less than the allowance on tirement, a des be offerad to emplo remain in the service to the superan nuation retirement age rather than to attempt to prove disabllity for the purpose of) retiring before the attain- ment of age 60. This practice of hav- ing the service benefit slightly higher than the disability benefit has heen adopted by the majority of the new retirement funds in this count { The new plan propose t Federal employes under the retirement fund contribute at the rate of 313 per c of their fes to meet the ine benefits. “While the board believes, continues the report, “that the ideal method of figuring the contributions | would be one in which the contribu- | !! tion has a direct relation to the bene. fit, the time available for the presenta jon of the figures required this year 5 not permit any definite recom- ons_in this respect. As the will be treated with appro- priate fairness under the proposals, with the modificatio s suggested by the board. this point is not believed highly important.” 1 Accurate Records Urged. it The tabulation of the new plan pro. posed by the board prepared as of P 30, 1925, shows . , with iations re. t amount ing t under this plan is showing the total at whicki the employes would pay 198.9% while the Government would pay $42,775.306. he board nges in the regurd to the fund, which w lof | also retirement B. g decidedly an ind it is with that t very The mends that the act defi | for ords upon the he t us proper a dopted for the further recomme pened which labilities full th ervi n i7 SAYS U.S. IS FRM ON WORLD COURT SRS | Other Nations Must Accept| Reservations or Them,” Lenroot Declares. By the Assoctated P CHICA States will other 48 members of the World Court on the American reservations Irvine | congin, | night, 0, March not negotiate —The with Lenroot, sald in an Republican, he other nations must take these reservations or they must Jeave them We will not compromiss “And those who say that the World Court is a back-door entrance to the It is endent tribunal, and that eagues | country ' he said ue of Nations are wrong. onception of ft nd our voted this or McKinle he Senate |into it serious hoard administrative again strongly ations of the ots and I and oth infor e Government on rendered to date 1hle. the recommendations ccount | board are embodied in a bill recommends |ed to the report. The members with | hoard signing the report f chairma 1d Joseph Buck A 1 S. McC “Leave Senator Wis address here last | will always ormick Me i Dr. CLAUDE S. SEMONES ght Specialist ¥ 109-41¢ 10th Bl Mel d G Sis. N.W. 1l Slip Covers $21.75 Slip Co United the | | s overst | three piec arate cushions eretonne, taped dow Will make imported Hel $29.75. Cull, Write or Phone for Samoles R. L. Isherwood 1209 Sth St. N.W. Franklin 6110 defects reca itely provid > maintenance of accurate re of which annual bil be prepared and tables n - PERPETUAL BUILDING ASSOCIATION NOTICE Pending construc- tion of our New W hat Easter Gift Could Be Acceptable A Baby Grand Piano More Take advantage of t h e special values we are offering. New Grand Pianos, $450 to $1,250. Slightly used Grand Pianos as low as $325 DeMoll - Than = PIANO AND URNITURE CO. Twelfth and G Streets When You Want a Victrola or a Victor Record—Think of DeMoll’s. Bldg. at corner of 11th and E N.W,, our temporary quar- ters will be at 1004 E N.W. JAMES BERRY. President JOSHUA W. CARR, Sec’y "How you feel depends on "What you eat eat PEP and be peppy Avready-to-eat cereal. Delicious. Full o 1 of energy and zest. ¢ r PEP THE PEPPY BRAN FOOD P i Look Your Best for Easter SPINDLER’S INTRODUCE FET When you send your suit to us for Valeteria service it not only is pressed—it is shaped. The illustration shows how the collar is pressed and shaped on our special Valeteria collar press. The shoulders, front and back of coat, and the trousers (or skirt) are simi- larly pressed—each on a spe- cial press that shapes the gar- ment, just as was done when it was made. a new service for well-groomed people If you've been reading The Saturday Evening Post you know about Valeteria—the re- markable new service that shapes and presses the clothes. It is now our privilege to announce that we are opening the very first Valeteria shop in this city—in fact, one of the very first in the whole United States. When you send your suits to us they are pressed—not in the way one ordinarily thinks of clothes being pressed. Actually, they are I shaped. d Valeteria... %) The collar is specially pressed and shaped on a collar press; the shoulders on a shoulder press; the coat on forming presses (two of them) ; and the trousers on a trousers press— or, in the case of skirts, on a skirt press. Certainly any one who takes personal pride in their appearance will want this service. Telephone us today. We will call at once and deliver just as promptly. eteria ‘ine beyTER ' WAY OF PRESSING THAT SHAPES YOUR CLOTHES e B SN SR S S S S 1331 F Street QPINDLER’ 801 11th St. NW. Main 2704 ALL LEA DELIVER and PRESS