Evening Star Newspaper, January 3, 1927, Page 7

BANK PROBE LOOMS OVER VETS' LOANS Watson to Call Attention of Finance Committee to Re- fusals to Honor Certificates. < to needy veterans on certifi as indi ed in various of the country atter wh ator Watson. publican, of a, gave today that he intended to brir attention of the Senate fing i its next meetir member of the committee is responsible for the bonus lation, Senator Watson said to at the revelation made by The yesterday concerning the condi tion locally was “iar awav from the original design of the law, which was to benefit the needy as well as the more fortunate veterans will take the question up at the meeting of the committee, he said, “‘to rtain the views of mem bers on the attitude shown by in such cases.' Others Assail Refu Representative La Guardia ist, of New York, and Re Royal Johnson, Republican, of Dakota, and Lamar Jeffers, of Alabamin. ex-ser men, de clared the attitude of banks in deny ing loans to needy veterans, wheth cu ¢ the banks or not, w entirely outside of the spirit of the law. Mr. La Guardia to make justed service next South ann need that he would offer an amendment in the House that would seek to remedy the situation, in view of the fact Congress may not aetu banks to make loans on ce feates. It was his view that provision should be made so (lml veterans might apply at the Veterans’ Bureau of at post offices for loans. The attitude of some banks th: the honus certificates were not ceptable as security was scored Representative Oldfield. Democ member of the House ways and me: committee We the banks gilt-edge se- curity and we supposed they would accept them « gilt-edge security,” said Mr. Oldfield. “The honus act was with the expectation of helping veterans who could not ob- tain an slsewhere, as well as those who could obtain loans at banks, see mo way by which banks can be compelled to make loans, and it looks as if there were need for additional legislation.” Capper Sees Lack of Patriotism. Senator Capper, Republican, of Kan- sas, one of the main supporters of the bonus act, declared that banks “were making a ve bad mistake in Sefusing loans to any - veterans who could meet the requirements of the law. 1 hoped to see a little more| patriotism d, a little more of the spirit of friendlines Senator Capper concluded. “It would seem that the banks had forgotten the sac- rifices which these soldlers de. enator Capper said that four col- ored men, who had served during the war, visited his office this morning to ask him whether there was anything he could do in the way of getting loans for them at local banks on their bonus certificates. They had applied at various banks for loans, Senator Capper said, and had been refused. Mr. Johnson, who was author of one of the various bonus bills, was indignant at the attitude shown by banks not only here, but elsewhere. He declared it was “‘an outrage” that banks should take this attitude, and that if anything could be done to bring relief to veterans under the law he would endeavor to do 0. Caraway Attacks Attitude. Senator Caraway, Democrat, of Arkansas, said “We were told that this loan pro. vision in the bonus act would be acceptable to banks and that was one of the arguments used. It shows little of that great spirit of patriotism to which banks profess to have them turn down any needy veteran who applies for a_loan on his certificate.” Senator McLean, Republican, of Connecticut, member of both the finance commiites und the committee | on banking and currency, expressed the belief that an ex-service would have no difficulty in obtaining @ loan on his compensation certificate at a bank where he was known or properly introduced. He added he could see how a bank would not want to “be loaded down” with a great passed have many small loans on thesé certificates, | tigating committee for but sald he felt sure that most banks would be willing to handle a reason- able share of them. King Recalls Opposition. enator King of Utah, a Demo- cratic member of the finance commit. tee, said that he had been opposed to the legislation in the firdt plac: He said he had felt that if there 10 be a pension or bonus for soldlers it should be a cash tion. Senator King kaid he had gained the Impression that it never was intended that the ex-service men should e to obtain loans on the'r certific: Senator David Reed, Republican, of Pennsylvania, stated that it was too 800n to ascertain how the provision of law authorizing banks to make loans on the certificates would work tnasmuch as the es only 1 came available as se ¢ for loans on January <moot of Utah, ch: ate finance commiitte comment to make. Legislation to permit Bureau to extend 1 bonus certificates w At a conference between ki Betelhelm of the Veterans of I Wars and Chairman Johnson of House vete ommitte Capt. Betelhelm argued that a bill SIVINg the hureau the power to make the loans itself would lessen appre hension in banking circles over pros pective maturing of bonus certif It was represented to Ch Johnson that inasmuch as the bur had the funds available, it would be desirable to authorize their use, thus relleving the banks of a situation which gome of them apparently do not like. he Federal Reserve Board jolned the Veterans' Burenu today in sesme ing banks of full protection on loans legally made to war veterans under the bonus net First Loans Possible' Toduy. Gov. Crissinger of the pointed out that the Reserve etood ready to discount such the first of which are possible today under the law. Yesterday Director Hines of the Veterans’ Bureau issued @ statement calling attention that re payment of every properly executed Joan on @ bonus certificate is guaran teed by the Government it Gov. Crissinger said that ernment was powerless to force to make the loans. “Many of the banks,” he said, “have obtained all the money they care to from the Federal Reserve Board, and they are come 1o us again in this instance The lnw specifically provides, ever, that the board must all paper issued in connection the bonus I The statement of Director Hines was made public simultaneously with @ story in The Sunday Star in’ which a repocter, rep ng bimsell ws was the Proposi had no the Vete 18 on soldiers discussed today board system loans, the Gov banks not willing to how with Demo- | | man | | ' ASSESSMENT BOOKS | ac . related | 1oans on som and 25 per cent, Mr. Girl Born in 1926 And Twin Brother After 1927 Bells Dispatch to The Star CUMBERLAND, Januar A girl was born to Mr. and Mrs. Jo 'ph P. Becker, Bedford road, 10 minutes before 1927, while one wite after the New Year bells ng a boy was delivered to the same parents The girl weighs 814 the boy & Both s is also the mother. pounds and © doing well, without bank that he had unsue- tried to borrow money on certificate at 24 Washing cessfully his bonus n banks, No Worry. rector Hines Need of opinion there is yprehension which requests for adjusted com- pensation certificates, with a poten tial loan value of more than $200,000,-} has caused in banking | Sees In 1 no need for t a prospecti i of 000 in 192 circl He said that priated sufficient mone: loans if every veteran his bonus certificat loans made in good promptly paid. Director Hines de the average loan authorized Congress had appro- to redeem all borrowed on and that all faith would be lared that while at this the taple | time is not lar in amount, collateral security is of such character as to make the loans most | wttractive.” He added that the inter- | st which may e > per ent above which the bank is located | “Thus, it 18 quite apparent that the bank may discount this paper at a| rate of interest of per cent less than that which it s, he stated “Collateral security in the form of ad- | e certificates is of the | ¥ highest type possibly obtainable. Fair Remuneration “When Congress fixed the interest, it was with the feeling that the banks would be granted a just and fair remuneration and that the veteran would be called upon to pay a reasonable, equitable rate. 1t is felt that certainly no bank in any com- munity would desire to make exces- sive, undue profits on the class of | loans authorized under the adjusted | service cert es."” | Investigations made by The Star in-| dicate that while ex-service men who are customers of the banks at which | they apply for loans may be able to| obtain_them at most the banks | he: it is next to impossible for aj veteran without a bank account to do | 0. Out of the 24 banks personally visited only one would loan to a vet- | eran under such conditions, and then the loan was promised only after pro. vision had been made for regular cus- | tomers | district in Provided. | rate of OPENED TO PUBLIC! Increase of From 20 to 25 Per Cent Expected to Bring Many for Inspection. ng the new assessments | on property in the District were opened for public inspection today in the office of Tax Assessor William P. | Richards. 1In view of the increased assessments, AMOUNLINg to between 20 Richards antici- pates a large crowd of property own- ers to inspect the hooks. The books will remain open for| public inspection until June 1, when they will be closed and totaled for the first time. Taxes for the 1927 i ¢ will be based on these Books show] \n Richards has estimated that | the new assessments will total about | .200.000,000 s compared with the ment of $950.000,000. Dis- believe this heavy in- ) se will result in a reduction in the 1ax rate, which is now $1.80 on $100 of his six assistants. ! Property owners will be given an| opportunity to appeal the assessments | before the books are closed. Such | wppeals will be considered by the board of equalization and review, mposed of the assessor and his six assistants. $350,000 Sought for Borah Quiz. { the man of | | discount | Fifty thousand dollars would be given the Borah alien property inves- expenses un- der a resolution introduced today by Senator King, Democrat, Utah. At | the last session the Senate auuthorized invest but neglected to provide funds. Treat sore throat continuously Fight sore throat All Day Long not just a gargle night and morning “I'll gargle when I get home,” you say. Delay can cost you dear! To overcome sore throat you should start now. And you should make your treatment continuous. Formamint kéeps the throat bathed, continuously, in an anti- septic of proved germicidal power. Yet Formamint cannot harm the delicate throat tissues. Carry a bottle of these palatable tablets with you. Take one every hour or so to treat sore throat; every 2 or 3 hours to help prevent it. All druggists. The Bauer Chem~ ical Company, New York City. Doctors endorse it ormammt THE EVENING D. C. MAN ENDS LIFE STAR, WASHINGTON, bathroom into Lauderdale’s blood. AFTER WIFE FILES SUIT |, 225 Home, Alexandria. Special Dispatch to The Star. i the ing ne ALEXANDRIA, Va., Lauderdale, his life at sh oting shotgun, T. Marshall Jones, 419 Prince st n for at the home where he roomed. The Ch; same report of les A. 1 aylo place, , who the g rush January representative suthern Railway offices in Was! the Equitable Life Assur ociation of New York., 7 o'clock this morning by himself in the mouth with . of Coroner un caused also rooms at from ended | of dent of the many om a paper years, for. divorce. D mber 31, 1926 | Mrs. Blla W, Laude vived by two children. sides in Washington. 3 The body was removed to maine’'s mortuary chapel. Jones issued a ¢ | suicide. The deceased was a Lauderdale, Ala.. In book was $117.2¢ The, was dale, Ernest H. ITronmonger, while et, | Ing as linotype operator for a ing f n recently of science degr University College at England the room, where he found him dead in a pool of Lauderdale was emploved in the uf found in his pocket the police his wife had sued him | lll("ll‘ his wife, | he is sur- | The wife r De Coroner rtificate of death by | nativ his pocket- work print- won the hachelor e in economics at the | Nottingham, TWO MORE ARRESTS IN HERMIT MURDER |D. C. Pnsoners Awut Poulble Ex- tradition to Upper Marlboro as Probe Is Resumed. Co., Washington, where he had been | T I.suderdnle Fires Shotgun Into | for Mouth in Room at Coroner’s | by Special Dispatch to The Star UPPER MARLBORO, two v, making eight arrested ary 3. custody tod ~With and one released, Georges investigation of Prince their Christmas eve hermit farmer, home at Duley State’s F. Parran, eed him Ja Attorney not turned over the reins of office to| clected in November to | ARY however, oath. Charles F. Washington Thomas H. Washington, knowledge of per Marlboro time which bery. Md., Janu- more negroes in the authorities of | County continued the murder| given order of Daniel Kuhne, a|on “Popp- and burning of his| for ex-s Station. | selling Flande; Alan Bowie had|served in the w. When day" honor the grave Soldier. n Parran was at tamiliarizing himself with the duties of office in preparation for taking the Wallace, 30 vears old, and Leon Brightley, vesterday rrison, both the s | says the men will not be taken to Up unless developments warrant their extradition. 3 o said to have been seen in the neigh | horhood of the Kuhne home about the of the murder, the motive for is believed to have been rob- policemen to wear no decorations recently, when funds vice men poppies, ahsence and marched 7 30,9800 : 3, 18-YEAR-OLD MOTHER [@:"i: FOUND MURDERED| Body, With Bullet in Head, Be-|!® lieved Thrown From Auto on Prairie Near Chicago. By the Associated Press. |ar CHICAGO, January 3.—An 18-year old girl, whose body with a bullet | through the head, found lying | on a prairie beyond the southern out- | skirts of the city was | identified last night as Valeria Times, also known as Dorothy Tymus Her husband Frank, an emplove of | ¢ a farm implement company, and half | | a dozen others were held for tioning last night, to know how the girl, was vesterday who is the' ' ( | had left early escorted at the time | Mrs. E paralysis at the home of he Mrs. J. W ‘ity. Born in I she was 1 ques. | and her h but none professed | the other of a baby six weeks old ath The girl left with her 1 urned rl had gone to home Saturd: rold sister sister 1 and sa ad seen a sh nded the part nd Her husband he body was found police bhelieve t itomobile and wa 1d her body throwr Ccntennuans Widow Dies Spedial Dispa WINCHE iza J Mad arried band d 100 vears W age of harles and Hloodmard & Lnthrop 10th, 11th, F and G Streets “First-of-the-Year” Reduction Sale of MEN'Ss SUITS . OVERCOATS The Annual Eveat That Washington Men Have Come to Count On As a Real Economy Offering of Worth-While Clothes Medium-weight Suits 28 A wide range of the more popular fancy colorings with a few plain shades. ‘38 Fancy patterns and weaves and many of the ever desira- ble blues. $ Blues in a majority; and fancy weaves in slightly less- er numbers, $ Cheviots and tweeds made by the better mills of Eng land and Scotland. ‘94 English Four-Piece Suits, coat, vest, trousers and knickers—of cheviots. Domestic O’Coats 28 Fancy patterns and a num- ber of the season’s best plain colorings. 34 A large variety of the more desirable fancy patterns in various hues. ‘38 Patterns and plain colors with a few chinchillas in the group. $ Both fancy and plain pat- terns; also a number of one- of-a-kind garments. ‘o4 Camel's Hair Coats, in blues, grays and tans; also Imported Fabrics. Eng]ish O’Coats $ Fine English made ma- terials TAILORED BY SOME OF THE BEST MAKERS IN AMERICA. 94 Smart versions of the newer styles favored by Bond Street Men. ‘64 Single and double breasted coats; some few fly front models. Y4 Big, burly garments that challenge the coldest winter winds. ‘84 double raglans and box models, in various shade Ulsters, - breasted One Group English Topcoats, Reduced to $54 Men’s Clothes Section and the English Shop, Second floor came Latey