Evening Star Newspaper, December 16, 1926, Page 35

1BCENTS N 1D TORVANCREDTOR Referee Arranges Settlement Following Collapse After Stutz Corner. By the Associated Press. " NEW YORK, December 16.—Cred- i ut $9,000,000 against Allan A, yan, whose corner of Stutz stock in ‘Wall Street in 1920 was followed by bankruptcy two years later, will be paid about 18 cents on the $100, under an order drawn up today by Peter B. Olney, jr., referee in bankruptcy. The Guaranty Trust Co., in which Thomas Fortune Ryan, the operator's sather, is heavily interested, is to re- ceive $7,816 in settlement of \a claim of $4,202,495. The Chase National Bank is to be paid §$3,848 for a claim of $2,068,830. Many of Mr. Ryan's iends also will receive compartively amounts on their claims, Sam- Untermyer, his counsel, $83.70 on + bill for $5,000, and Charles M. Schwab $630 for 3 claim of $339,210. All of the claims settled were unse- cured. Ryan's liabilities were listed originally as $32,435,477, but much of this secured by stock deposited as col- lateral. The operator was successful cornering the Stutz market and n the price of the stock up to $700 a share, but he incurred the animosity of influential men in Wall Street and later fell into financial difficulties, Jorcing him to pledge his Stutz stock d other securities at much less than their inflated value. Sale, Friday in the Men’s Barg The minute you feel the fabrics you'll know you've struck a real find! Big burly Coats. Heavy driving coats. Smoother weaves and dressier styles. From a manufacturer whose name is famous in the annals of the clothing world. He chooses dependable fabrics in the newest weaves, and incorporates all the finer details of tailoring into THE EVENING STAR, WASHINGTON, D. €., THURSDAY, DECEMBER 16 1926. Major Dargue Completes Pilot Teams For Planes Making Pan-American Flight One of the most difficult problems which_had to be solved by the com- manding officer of the Pan-American flight was the pairing of the two offi- cers to fly in each of the five planes composing the squadron. Maj. H. A. Dargue, the officer in command, has Just reported to the War Department that the problem has been satisfac- torily settled. After months of study from all angles, the pairing of pilots has been made, he says, and each team of two for the five planes is now working with enthusiasm and perfect harmony in their practice flights. Ithough, the basic training of air pibt in the Army is identi- cal,” said an air officer, discussing the matter, maneuvers in precisely the same man- ner. In the coming flight two men will face exactly the same conditions, with possible varying ideas as to how these conditions should be met. It is an acknowledged fact that a pilot rid- ing as a passenger, unless he has established confldence in the man piloting the plane, or is of such a tem- perament that he can overlook what he considers a fault, is subject to a greater nervous strain than is the pilot himself. On a short flight this is not serious, but on a long flight, such as the coming Pan-American flight, these men will be thrown con- stantly together for months as flying companions, —and _unless properly paired each unavoidably will be har- boring mental criticis: of the other until finally the patience of one will come to an end. Nothing could be more disastrous to the success of the flight than to have this nervous strain result in_the ‘blow-up’ of one of the pilots. The seriousness of this prob- lem may be fllustrated by using the automobile as a parallel. How many times in traffic or a jam have feet “no two perform the same| , been pushed through the footboards of automobiles by the application of mental brakes? The equanimity of many a family has been -upset by back-seat driving. Magnifying these conditions many times, one can appre clate the relationship of two pilots in the same airplané. However, it Is be- lieved that this problem has been mastered in the case of the Pan- American flight.” $100,000 GIVEN COLLEGE. Davidson Announces Gift for Com- pleting Building. C., December 16 (#P).—A gift of ,000 has been made to Davidson College to be used in | completing one of the buildings, it was announced last night by Presi- e donor was not made public at his request. it Music! %, “How Dry I Am” and “Let Us Have Another Drink” Porcelain Dutch De- il canter. quart size. Send for catalogie of this and other mu- sical novelties. Mermod ‘& Co. 16 Eagt 234 St. New York City OhRBoy/ CORN GROWERS ASK JARDINE’S REMOVAL e T National Association Insists Secre- tary Should Be Replaced by Man Practically Trained. . By the Associated Prese. DES MOINES, Jowa, December 16. —Removal of Secretary Jardine of the Department of Agriculture was asked Tuesday by the National Corn Grow- ers’ Assoclation, meeting here in an- nual convention. A _resolution adonted at the meeting 'Believing that the Department ulture was established to im- prove the condition of the man ‘who produces food products and to repre- sent him as his spokesman for such legislation as the farmer considers helpful to his cause, we believe that the present Secretary of Agriculture should be replaced by some man whose practical training qualifies l':lm to rep resent that sectfon of the Nation that produces 75 per cent of the Nation's The resolution also pledged the or ganization’s support to the farm legis- lative committee now active in Wash- ington and extended sympathy to the cotton and tobacco growers, inviting them to assist in gaining suitable re- lief legislation. C. H. Richeson of Webster City, Towa, was re-elected president of the assoclation, which was organized when a corn surplus was demoralizing prices. All of the officers are Iowans. The number of members was not an- nounced. Over 25 Years of Successful Coal Service to Washingtonians. COAL Our recent shipments of ANTHRACITE measure up to the highest grade that has been mined lately. Free-burning—Free from dust and slate—this Coal burns to the finest ash and realizes for patrons the Limit of Coal Value ohbtainable at any price. We offer Expert Coal Advice without charge or obligation. R.J. AND M. C. ain Annex 613 E Street 4th and A manufacturer’s surplus Made to sell for $25, $27.50 and $30 Storm-coats, box-coats, belted coats, ulsters 1,000 of them and many more men than that wanting them Fleecy and hard-fin- ished fabrics. backs. Plenty of blue, grays, - Plaid T hrough-and- through fabrics. also tans, browns; heathers, mixtures and plaids In Sizes 33 to 46 | 98.@ the garments he makes. Because he never intends them to sell for less than $25 and usu- ally for $27.50 or $30. These are the coats you get tomorrow. In every conceivable color and in a range of sizes that make it possible for every man to find a coat with the right “set” to it. 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