Evening Star Newspaper, February 15, 1927, Page 4

THE EVENING . . WILSON'S SPEEEHESE ~ BLOWTO STOCKS Banker, in Ford Tax Case, Says Anti-Trust Utterances Hurt Market. Wilson's ca n had a sufficiently Br the Woodrow Epeeches in | dtsquieting effect on the stock market nt an evalu re on stock of the Ford} Motor Co., Arthur Choate, invest ment banker of New York, testified today in the case in which the Treas to collect back taxes from stockholders in the Ford 1o war tion of only $4,000 a = o of Wiison's of 1912 and pronounced | tocks of all kinds. rd stock as of March 1, uffered along with other securities because of the anti- trust speeches, the witness continued. Appraised $1,250 Per Share. An appraisal of $4.250 a share on Ford stock tn blocks of 100 to 2,000 shares as of March 1, 1913, was made by Sldney H. James Weinberg, of Goldman, Sachs & Co., New York on Ford stock. Weinberg als fied that the condition of the & market between November, 1912 the Summer of 1913 had a detrimental effect on all kinds of securities. An offer of a block of stock in the Ford Motor Co. at $8,000 a share was rejected by Dominick & Dominis vestment bankers, New York City, 1919, Gayer Dominick, one of the firm's managing directors, testified yester- ald the effect res n the Tall election had a Dominick placed a value of $6.700 a share on Ford stock as of March 1, 1913. He was the second witness intro- duced by the Government after it be- gan the presentation of its case before the Board of Tax Appeals. George A. Burpee, New York, consulting engi- neer and expert appraiser of industrial securities, estimated the stock to be worth $6,000 a share at that time. Gregg's Valuation. In opening the case for the Govern- ment Alexander W. Gregg, solicitor for the Internal Revenue Bureau, placed a maxitmum value of $6,500 a share on Ford stock as of March 1, 1913, adding that “a fair value ranges downward from that figure to $2,500 a share.” The top figure conceded by Gregg is almost §3,000 in excess of the stock value which was made the basis for the Government’s action against Sena- tor Couzens of Michigan and other former minority share holders, who are called upon to pa $30,000,000 addi- tional taxes on the sale of their minor- ity holdings to the Ford family in 1919. Disavowing the Treasury’s previous appraisal of $9,500 a share on the ground that “it was not a determina- tion of value in the true sense, but rather a decision of convenience,” Gregg informed the three members of the Board of Tax Appeals whoare re- ceiving the evidence, that it was con- trary to the policy of the Treasury to make a determination of a question of fact in anticipation of a transaction. He denied the right of Daniel C. Roper, as commissioner of internal revenue, to make such an advance determina- tion, declaring his actlon in so doing was' “illegal, without effect and not binding on the Government.” THREE CHIL'DHENT-IURT. Motor Cycle, Auto and Bicycle Figure in Accidents. Three children were injured in traf. fic accidents yesterday. One of them, Irving Glass, 7 years old, residing at 2721 Fourteenth street, was struck by the motor cycle of Policeman Thomas | & CI §. Buchanan of the tenth precinct. Irving was playing on the street, police reported, and was injured by the policeman’s motor cycle when he stepped from behind a parked car in front of 1352 Irving street. He re- ceived an injury to his scalp, for which he was treated at Garfield Hos- pital Otis Morton, 14 years old, 720 Beventh street southwest, recefved in- juries to his leg early last night as a result of a collision between his bicycle and the automobile of James M. Shea, Driscoll Hotel, at Wyoming and Con- pecticut avenues. Physicians at Emer- gency Hospital rendered first aid. While crossing the roadway in front of his home at 610 Fourth street early last night Bernard Schwartz, 7 years | r end of an (S He old, walked against the re automobile and injured hi recefved treatment at home. knee. LINKS DIXIE AND LONDON. ATLANTA, February 15 (#).—Dixie and the British Isles will be on “speak- " beginning tomorrow. transatlantic radio-telephone service that will link England with most of the Old South will be inaugu- rated tomorrow morning, when Ben . Read, president of the Southern Bell Telephone and Telegraph Co., London from the company’s head- quarters in Atlanta. Farmer in Spats Defended as Real Dirt Agriculturist the farmer a right to wear epresentative Tincher of Kansas 2 the debate on the MeN en bill in the ifou 3 questioned the « illfications f William H. Settle. president of the Indl w Federa- tion, as hecause he appeared thus Representative lican, of N defense of t i he times were worn because aper than high-topped uated that Ause spats o Settle than Repub to the were more becoming t to himself. BABY IS ABANDONED. inquired a t “Is Miss Brown in voung colored woman Who called 1730 Elghth street about 9:30 o'clock last night. Miss Brown lives here,” she old. ot e o having made the mistake, the visitor turned and went her way. A few minutes later a colored male infant about six months old was found in the vestibule of the Eighth street house. ant was neatly and warmly apped in a bianket. A birth rk on the rizht side of his face may be a means of a successful effort on part of the police to establish his iden- tity. He was taken to Children’s Hos- pital. THE WEATHER District of Columbia—Partly cloudy and slightly colder; minimum temper- ature about 32 degrees: tomorrow in- creasing cloudiness followed by rain. Maryland—Partly cloudy and slight- Iy colder tonizht; tomorrow increasing cloudiness, probably followed by rain. Virginia—Partly cloudy tonight, slightly colder in west portion: tomor- row increasing cloudiness, followed by rain in west portion. Records for 24 Hours. Thermometer—4 p.m., 3 38; 12 midnight, 40; 4 a.m., 4 39; noon, & 8 pm., a.m., 8 pm., ., 29.91; occurred at occurred at last year— 29.87: 12 midnight, 2 . 29.97. Highest tsmperature, 52, noon today. o Lowest temperature, 37, 2 p.m. yesterday. Temperature same date Highest, 46; lowest, 34. Tide Tables. (Furnished by United States Coast and Geodetic Survey.) Today—Low tide, 1:33 a.m. p.m.; high tide, 7:20 a.m. and 7:41 p.m. Tomorrow—Low tide, 2:18 a.m. and 2:31 p.m.; high tide, 8:04 a.m. and 22 p.m. The Sun and Moon. nd 1:46 sets, 5:46 p.m. Moon rises 4:49 p.m.; sets 6:41 a.m. Condition of the Water. Temperature and condition of the water at Great Falls at 8 a.m.—Tem- perature, 36; condition, very muddy. Weather in Various Citles. & Temperature. 3 E! Stations. 5 H 5 Birmingham Bismarck Sz R BBO M B GRS S B RS seoouss o FoRENeR! Dbt S S b ‘Angeles Lonieilly e DBEESE @RIt S O BR R RIS BT E o o 83 S S B L S o DU LS T 1221 Do D S ABT BTt e i .70 Cloud: ? Prelonay 0.04 C1 88 Rl U Clou 0162 Cloudy (8 a.m.. Greenwich time, today.) Teruperature. Weather. . 4968 Clou : oud enta. Berlin. Germany loudy G . peniiad! oudy o S Joudy puln, foudy ain art cloudy fear ‘Cuba, “olon. “Canal Colon, Pillows Laundered MONTGOMERY BODY INHEATED SESSION Adequate Guards for Ken- sington Grade Crossing Among Things Approved. | By & Staff Correspondent { ROCKVILLE, Md., ¥ebruar. | Mere choice of words in a vesolution |dealing with a proposal to establish A garbage and refuse collection sery ice in _metropolitan Montgomery County. Md., stirred up spirited de bate af its meel ast night in the flunteer e » here. The de bate, lead on one side by George H Lamar of Rockville and_on the other by William W. Bride of Edgemoor, be- {eame acrimonious, and for a time left {in doubt the question as to whether the federation did or did not adopt the report favoring a change in county government for the suburban end ad- jacent to the District of Columbin. |” The federation sent back to commit itee Article V of its constitution, deal ing with election of officers, with the | suggestion that the nominating com- tee should be named two months in advance of the annual meeting and I report its candidates one month in ad- vance of the meeting. The body received two new members and sent several resolutions to com- mittee. It adopted a resolution re- ting the Baltimore and Ohio Rail road to establish a 24-guard s the grade crossing Kens where five people were killed on the night of February 3. Report Stirring Debate. The caustic debate was precipitated by the report of the committee on sanitation delivered by Mrs. H. W. Johnson of Silver Spring. The com mittee reported that it hesitated to recommend the establishment of a garbage and refuse collection service, however desirable it considered it, in the absence of information as to the desire of the people, particularly in view of the fact that it would involve an increase in taxes to pay for it. Mrs. Johnson asked that the members take it up with their respective bodies, send them out and report the find- ings to the committee on sanitation. On the suggestion of Willlam W. Bride, Emory H. Bogley, a member of the Washington Suburban Sanitary Commission, and delegate to the fed- eration, gave some figures he had compiléd as to the probable cost of such a service. The collection service did not furnish much of a problem, he sald, but the disposal did, and gave some detafls of the methods used by the District of Columbia. To take care of a population of 40,000 people, he said, it would require two incinerators, one located south of Bladensburg and one near Linden, to cost $30,000 each. It would require 20 trucks and 2 horse-drawn wag- ons, with a total cost of $55,000. The total cost of operating per year would be $126,150, which would be 89 cents per house, or $10.68 per year. All the houses in’the area would have to pay whether they availed them- selves of the service or not. He sald that the initlal cost would be paid out of a bond issue, to be retired in 15 years, and that the tax of two and a fraction cents on the hundred dollars would pay for the cost of operation and the sinking fund. Lamar Renews Fight. . Mr. Lamar at this point renewed hig fight against the new county govern- ment bill, pointing out that the minor- ity at the last meeting sought to pre- vent the removal of power to establish such a garbage and refuse collec- tion service from the Sanitary Com- mission, but that it was not allowed to get before the federation. He ob- jected particularly, he said, to the politicians of the county using the federation as an alibl. B. Horn asked the direct question of Mr. Bog- ley as to whether the proposed coun- ty government bill would repeal the garbage and refuse collection author- ity from the Sanitary Commission, to which the latter replied that he didn’t know, but added that it would not make any difference. The ques- tion of importance was whether it would be cheaper to allow an existing agency to do the work or to set up a new organization. The matter could be easily settled, Mr. Bride pointed out, by amendin, the report of the last meeting, whicl has gone to the legislative delegates as representing the desires of the peo- ple, to say that the matter of garbage and refuse disposal should be left with the Sanitary Commission. He so maoved, and after debating as to whether the federation had in fact adopted the new county government resolutfon, it was fraily settled by President Pro Tempore Lawrence rul- ing that it had been adopted when the Bride resolution was adopted. Elections Considered. The question of annual elections is to be given further consideration by the committee on constitution and by- laws in the light of the discussion last night. It was pointed out that under the present sc e the officers To See Right get | | STAR, WASHINGTON, are elected before the annual elections for delegates, and that the federation | might at some time find itself voting for people to fill its officeships who might not be returned to the federa- tion by delegates. The question o putting the annual elections off until December also is to be considered in connection with the recommendation that the nominating committes be elected two months before the annu meeting. Mr. Lamar moved that the federa- tion go on record as approving the plan for a circulating library for Mont- gomery County, but without seeking to bind the county commissiones follow such a proposal, in view of the fact that a tax would be involved. M | Bride pointed out that serious con- | sideratfon should be given to such matters, it involved increase in and that no action should be untll a committee had tho: v studied the question and was srepared to make a complete report. He added that it appeared now that the the aren would be in for improvementa by the federation assessment wa which_v-ould in The matter on internal taxes, | taken taxes of one-third approved that _the new to be made, crease also the taxes. went to the committee ! ¢ improvement. ”’1“';’3-"1.‘1-:.' R. King said that the com- mittee on schools had prepared a re. port on the school question, but that the chairman was ill, and he had all the papers. He said, however, for the fnformation of the Kensignton dele- gation, that the committee had pro- posed the erection of a new high school at Kensingtom, but -as it was recommended to be included in the next three-year cycle, there was no need for hurrying action to be sought at the present Legislature. Auto Legislation Proposed. Maj. Lawrence sent to the execu- tive committee a resolution dealing with matters of automobiles and gas tax. The resolution would favor a gas tax of not more than 2 cents a gallon additional to the present tax for the construction of lateral roads, but none of it to be used for the elim- ination of grade crossings, which, the resolution contended, should be paid for entirely by the railroads. The | alry | and about D. C, TUESDAY, ENTOMBED MINERS Two of Nine Remaining Im- By the Associated Press POT Two of nine miners t fall of coal in the R: the Hazle Brook Coal Co. yesterday re mained were crushed to death. Whether John Davis and Max Kosoby, are dead or alfve remained undetermined. cuers working in re debris blocking the the fall occurred. Tappings and other signa the I unanswered. through pipes, but w the trapped men w | Rescuers found the Jacobs, the skull fractured and neck broken, nearly 1,000 feet from the en- trance to the min that Davis and K ther down in the workings. Shore lines along the Atlantic and Pacific Co find out whether the North American continent is sinking. resolution also recommended that Maryland car owners be allowed to attach their tags for the subsequent year in December of the previous year; that dealers be allowed to use their tags on any cars previous to being titled in the State; would re- quest the Motor Vehicle Commission to keep an agent at the county seat of government to issue tags, examine applicants for driver's permits, issue titles and conduct other business which now has to be done at Balti- more, and would provide that a law be enacted for the licensing of auto- mobile mechanics, after examination to show them qualified to perform their work, in the manner that plumb- ers are required to show their ability. Grade Crossing Resolution. The Kensington grade crossing resolution was_introduced by Harry W. Warner of Kensington. He asked that it go to the executive com- mittee, being an emergency matter. A motion was made from the floor that it be considered by unanimous consent, but there was objection, but this was beaten when Maj. Lawrence referred it to the advisory committee, with directions to consider it and make a report immediately. The committee, composed of all ecom- mittee chairmen, left the room and reported back in 30 seconds that it be adopted, which was immediately done. The resolution, in addition to requesting 24-hour guard service, re- quested that the B. & O. co-operate with the State Roads Commission and the officlals of the town of Kensington in action to remove the crossing “at grade. A resolution of George H. Lamar opposing the use of political influ- ence in carrying out the laws of the county was sent to the com- mittee on legal action. The committee adopted a resolu- tion of condolence on the death of H. ‘A. Filer of Kensington, a for- mer delegate to the federation, who died at sea in the Pacific Ocean last Friday. Will Meet at Kensington. The federation accepted the invi- tation to meet at Kensington next month, extended by Harry W. Warner. The following organiza- tions were elected to membership: Chevy Chase . Terrace Community Association—Delegates, H. B. David- son, A. B. Carter and J. Matthews, Jr.; alternates, H. W. Dure, Miss Mary L. Huntington and J. A. Hendley. Woodside Park Property Owners’ Assoclation—Delegates, Ralph Lee, V. E. Grotlisch and Ben Harlan; al- ternates, Dr.. P. D. Poston, Conrad H. Syme and James A. Watson. In ancient Rome no man over 60 nor woman over 50 was allowed to marry, BANKING SERVICE UNSURPASSED! at the Federal-American It’s a National Bank Dr. Shah’s Newsight Headaches, Eye strain Positively Relloved FEBRUARY 15, 1927 FARMERS' MARKET BILL 15 ETUDIED Senate Committee Also Is Considering Shipstead’s Measure This Afternoon. GIVE ND SIGNALS prisoned at Pottsville May Be Dead. The Senate District committee will decide in executive session this after- noon what action it should take on fi * market bill and the Ship- , which seeks to give the Fine ‘ommission authority to super- plans of private buildings » to be erected within 200 feet any public building or park. The outcome of the farmers’ market problem was still shrouded in doubt as the committee went into session, the issue being whether to approve the House bill, under which the Dis- trict Commissioners would select the location for the new farmers’ row, or whether the committee should specify a site to be acquired. Capper Holds Matter Urgent. It is understood that several mem- bers of the committee have definite ideas as to where the market should be placed and may endeavor to have the committee name the location. Chairman Capper, who has followed closely the hearings on the bill, is known to be of the opinion that the urgency of the situation makes it es- sen: that the present Congress should take steps to acquire a site, since the farmers will have to move from the present location in the near VILLE, Pa., February 15.— apped behind a en Run mine of toda; six men and one was imprisoned rescued unhurt the two entombed men, Res- ang where ck depths by the re: Oxygen wa tion. of Frank nd it is believed iy were still far ts are being measured to Tonight at Midnight All Entries Must Be In For The Rent Receipt Reward Record Be sure and send us your coupon (the one at- tached below) accompanied by a short story, of not over 500 words, on Rent Recelpts—before midnight to- night. Tomorrow’ll Be Too Late '39000 in Cash Rewards Will be paid to those who have the largest number of receipts or canceled checks representing rent paid for a place in which to live in the District of Columbia. $150 is the 1st reward $100 is the 2nd reward $10 ea., 10 other rewards DON'T send us th. the coupon and mai Everybody but Cafritz empleyes is eligible. receipts until we sotify you—only §ll or* it. RENT RECEIPT REWARD RECORD your name and record for entry. 1 can deliver for Inspection and verification | monthly rent receipts ( bomes and apartments) given to me for payment of rent for a place in which to liv District of Columbia. Attached is my story about ‘Rent Receipts. s) LAFRITZ 14th Main & K 9080 More than 1,000 “Lifetime Homes” Built and sold—100’s more under construction Owners and Builders of Communities j ernment building. future to make way for a new Gov. Senator Capper 1s | understood to hold that it will be easier to get the House bill enacted | than to involve (fongress in the con- test as to where the market should be | placed. | May Alter Measure. | The hearings before the Senate | committee developed the argument for and against three matn locations, namely: the water-front in the south west, a midcity location near the | Convention Hall market, and FEck ington. The committee is expected to report | out a bill along the ltnes advocated by Senator Shipstead, although they may alter the exact provisions of his il Perfe@tForm ROUNDS OUT 89 YEARS. Four Generations Represented at Mrs. Burch's Birthday Party. Four generations celebrated the | eighty-ninth birthday of Mrs. Mary | Burch at a reunion party last night at the home of a daughter, Mrs, Emily | C. Higdon Rose, 736 Tenth street | southeast | In the center of a decorated table | was a large birthday cake bearing %9 lighted candles. The guests included: Charles Burch, a son, and his wi rs. Rose, a_daughter, and Mr. Ro! Walter A. Higdon, a' grandson, and | Mrs. Higdon; Mrs. Grace Higdon Mar- | chan, a granddaughter; Harry and| Charles Burch, grandsons, and Lilian | and Doris Higdon and Edward Mar- | chan, great-grandchildren. Other rel- | atlves and friends also attended. EFRESHING as a ride in the park—and always in perfect form, is the de luxe sealed pint package of The Velvet Kind ice cream. Bestand smoothest ice cream— best groomed package. You see it everywhere. SouthernDairies ‘When hit by a bullet a tiger r until dead, but a tigress dies silent - nages Two Million Dollar Hotel, 2 - o ey Lewis TrainingDid It g o e - You, too, can prepare b ¢ for Hotel, Apartment, Club or Tea Room Posi- tions through Lewis Hotel Training Schools. Pay is large; work de- lightful; opportunities unlimited; fleld uncrowd- ed. One graduate made $150,000 in three years. 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