Evening Star Newspaper, June 9, 1927, Page 4

b | EFORE you run for home this afternoon, with a picture of that shady porch in mind, buy a sealed De Luxe Pint Package of The Velvet Kind Ice Cream. You'll get such a hand from the wife and family you'll feel you have made a home run. NEW CUTTER OFF TODAY FOR ARCTICS Northland Will Sail to Re- place Bear, Perhaps Never to Return to Atlantic. To leave Atlantic waters behind probably forever, the Northland, new | Coast Guard cutter, will sail this aft- | ernoon on the first lap of her long journey for patrol duty in Far North- ern waters, where she will replace the historic cutter Bear. Engineers and other technical ex- perts of the service will accompany the ship as far as Norfolk, where she will take on fuel for her oil-burning Diesel engines and then cast off for her trip through the Panama Canal to the West Coast. She will probably outfit for her Arctic duty at Seattle and will then be gone from civiliza- tion. High officers of the Coast Guard and Treasury officials, who have gen- eral supervision over that branch of the service, will go aboard the ship THE EVENING STAR, WASHINGTON, - BUSINESS ADVANCE SEEN FOR BANKING IN MORAN SPEECH (Continued from First Page.) sees fit to dissolve either one or both of the systems. One of the results of the bill was to place national banks on competitive equality with State banks. Real Estate Angle. “The act permits a natlonal bank to subscribe not more than 16 per cent of its capital and surplus to the capital of a separate corporation or- Ranized under the laws of any State to carry on a safe deposit business. This business may be conducted on the premises of the bank or in a separate building. The advantage of this amendment is that the lability of the bank for damages to a safe deposit box renter will be limited to the amount of the capital stock of the safe deposit corporation which the hank owns, “Hereafter a national bank may buy a piece of property for future de velopment without being required improve it immediately as provi ofl in the old law. This is a distinct ad- vantage, as a bank which has out- srown its quarters may find it ad- vantageous to purchase a site for a new building or for the extension of its present quarters without wishing to_sp~qd the money immediately for Jose. A national bank is not vermitte o own any real estate ex- cept that which it needs to carry on its own “usiness or that which it has taken for a debt. A strict construction of the amendment confines the owner- ship of real estate other than its bank- ing house to real estate that the bank may actually need now or at some future time for its own business, so that the spirit of the old law has been retained and banks cannot take ad- vantage of this amendment to spec- ulate in real estate.” The speaker then discussed stock dividends, certification of checks, re- ports to the controller, and the par value of shares as defined in the bill, and took up the most important pro: vision in the law—branch banking. The limit of loans to one individual firm or corporation and the purchase and sale of investment securities were reviewed and their meaning ex- plained. Situation in Capital. Reuben A. Lewis, jr., associate edi- | tor of the American Bankers' Asso- | clation Journal, spoke on ““A Growing Competitor for Savings.” The New York editor referred to the building and loan associations, which reported a gain in assets in 1926 which has never been approached. Mr. Lewis concluded his remarks by reference to conditions in Washington. He said: “In the District of Columbia, the statistics support the statement that the banks have more than held their THURSDAY, own in the competition wtih the build- ing and loan associations, for savings have increased to a greater extent than have the assets of the building and loan. Savings deposits in the banks of the District of Columbia are ten times as large as they were in 1910 and mode than four times the to- tal in 1916. Building and loan associa- tion assets are only three and one- third times as large as they were in 1910 and two and one-quarter times as large as they were in 1916, “To the credit of the banks of the District, it should be said that they have paid the highest rate of interest to the savings depositors that banks can pal with safety and that they, too, have participated to a very large extent in making it possible for the residents of the District to build and own their own homes."” Maurice D. Rosenberg, president of the Bank of Commerce and Savings, in Washington, and chairman of the special committee on constitution ana by-laws, made his report. With the FRIDAY JUNE 9, 19217. aid of Maurice Otterback, of the Bank of Anacostia; C. H. Pope, vice president Munsey Trust Co., and George O. Walson, president Liberty National Bank, Mr. Rosenberg has worked out technical changes which the committee believes wil Igive the as- sociation an unsurpassed set of by- laws as well as a nearly perfect con- stitution. PLANS DEMONSTRATION. School Music Department to Show Piano Instruction. The public schools of the District of Columbia music department, Dr. E. N. C. Barnes, director, will give their third annual demonstration of com- munity piano classes Saturday night at 7:30 o'clock at Central High School. Edith B. Athey is the supervisor of the piano classes. The teachers are Cath- erine Benson, Harriet Y. Crandall, SLons. mado his report. With the Elizabeth Drewry, Amelia Grimes, ONLY ° L X ] pre!lden!]L]lcn Stuart and Amy Young. In these demonstrations no effort is made to have actual perfection, but rather exemplification of the merits of class instruction. The children par- ticipating come from every part of the eity. They will not have any re- hearsal prior to the demonstration. The classes arc held weekly during the school year, after 3 p.m., and Sat urday mornings in community centers and other school buildings. FREE STORAGE On Curtains Blankets and Drapes Cleaned Now E OFFER you the privilege of storing curtains, your blankets and draperies all Summer in our model moth-proof, fire and bur- glar proof vaults if you have us clean them now. Our spe- cial process of better clean- Also Stored Free Have your rugs cleaned by Vogue's new Double Pro- cess. Our “dry” and “wet” method costs no more than Remember, 47,000,000 pints sold last year—some and cruise as far as Indian Head, re- turning to Washington on a Govern. ment boat. ing will put new life and new beauty into them. Ada to the ordinary cleaning, but it re- moves every pa f Specials home run record! Both the captain and executive of- attractiveness of - your home dirt, raises the ficer of the Northland are Washington Screen - by taking sdvantage of this brings back th g men, and several members of the crow Paints Just at Graduation time—we offer timely b oger now, Our prices color brilliane SouthernDairies | | i from this city.” 3.'F. Fottel com. “reduced” specials—FAMOUS NAMES— 5P . S Aay rugs sent now will be mands the ship and Lieut. Comdr. will delight you. Phone us nands " the : FAMOUS QUALITY—extra sptcial low e o imomr, o reneresscuttys R Sy G N 5 prices—FOR TOMOREOW ONLY! focey Sy Deck I h | Genuine Genuine UT OF AUTO TRADE. Paint Wardman Turns Over Stock to for Porch H I t L KUM A'PART HICKOK America’s .Largesl Cleaning and Dyeing Plant Sterrett & Fleming. F1 Ome n erl()l's Third and Eye Streets N.E. oors CUFF LINKS i 5 Definite retirement of Harry Ward- $1.00 Bel St 23 Spisae man, contractor and bullder, from —which admire in th - o e w you admire e maga n automotive trade circles Roof. $1.00 Buckl yas made kuown today in an an- % zines—gay sun rooms and alluring uckles E W Need Motors, Inc., had turned over its com. Paints breakfast nooks—can be made R $1.00 Beltograms S = very Woman Needs slte stock of new cars to another com. realities within your own domain, I \W R : pany, and is now engaged in liquidat- 5 % g & e e L "‘—thsc:::dr:fi;e;:figagby s "w"d Floor with little effort and expense. C - at the man Motors hereafter will be handled Stains E $1 Kum-a-parts, 50c¢ $2 Kum-a-parts, $1 $3 Kum-a-parts, $1.50 $4 Kum-a-parts, $2 $5 Kum-a-parts, $2.50 $6 Kum-a-parts, $3 by Sterrett & Fleming. The latter company is giving up the agency an Wwhich is has held in the National d Wax Capital for many years. e e W California takes in $500,000,000 every a“ g year from touri Tints { We offer all the nationally ad- vertised decorating mediums— Paints, Enamels, Wood Finishes, Wall Tints, etc., and will be glad to tell you how to use them suc- cessfully. | : pecially Low Prices | HUGH REILLY CO. PAINTS & GLASS 1334 N. Y. Ave. Phone Main 1703 Federal-American NATIONAL BANK REMIER 0il Burner $250 installed—Tank 275 gal. 1319 F St. NN-W.—Main 7408 Packed to the Doors! Every day -this week, with eager throngs of shoe shoppers responding to this— Sensational Sacrifice [ Colored Kids ] Absolutely disregarding former prices, we're forcing out superb Colored Kid Summer Shoes at the height of the season! Backward weather conditions bring you this unprecedented opportunity. Includ- ed, qnany of, eyreymest, beautiful 50c each or $1.50 for the set “An Ideal Gift for the June raduate” I@@SM@P 1328 F STREET Every Washingtonian Knows HERALD HARBOR ON-THE-SEVERN BUT Have You Visited THE PALISADES ON-THE-SEVERN Bluter Devaloplnent to erald Harbor? Drlve Out This Week End to the “Fairyland of Maryland” WWWYWYY.Y OPENING DISPLAY OF SUMMER SUITS Outside White Paint COVERS MORE COSTS LESS Fries, Beall & Sharp 734 10th St. N.W. Main 1964 Avoid Imitations askforHorlick’s The ORIGINAL » Malted Milk Blon e, Parchment, Water Lily and Don’t miss this! “ray Kids. At our 7th St., 9th St. and Pa. A well-balanced, tempti Ave. stores only—many $4.50, nn;.medfoofl’mkm Sestiridand $6.50 and $8.50 e UMMERTIME is here. styles reduced $2. 95 Instantly prepared in water or milk., | And with your immedi- NI [ EEREE S = | | (| e B Take a package home. ate need for warm- At all our stores—including F weather suits is this comprehen- St., 2d floor — many $6.50, $8.50 and $10 styles Black Auto Enamel Becker's Best, $1.25 Q. sive showing of the season’s educed $ 3 8 5 BECKER P"flfi,i.fl&"&*fl«sg co. latest. When buying your Sum- (e g o mer suits at West’s you have the “Light-Ray” 1239 Wisconsin Ave. West 67 Brunswick Records assurance that each suit repre- Electrical « 5 » EEE sents the standard clothing value (musical photography) At O""Izz';m;_leg: Shop . DEMONSTRAT[ON at its price. > of the Famous LEW ! HAL ~d KITCHEN-KOOK * Linens i KEME .49 ! “It All Depends on You” . “A Little Girl—A Little Boy— A Little Moon”—fox trot with vocal trio. g “Trail of Dreams”—played on s = fox trot. Hal Kemp and His | the Kimball Organ by Lew ‘White. Recorded at RoxyThe- STOVE s 20 25 Tropical Suits By Factory o] atre, New York 3489—- Orchestra, formerly from Uni- f North Carolina. m Representative Palm Beache s S s"m“ ‘. “Thaes versity of North Ca . 1 . Hap- Hap- Happiness” — - i i o] Week Linens, $35 $1 5 il G,‘y',';,,d “The “Fidgety Feet” ... “Sensation” i Bl June 6th to 11th Hand tailored of the fin- Whispering Serenader.” bati- ;;f,"’,‘,,‘fi!,’,, S‘:c'f,‘;:{,:‘ dn | novelties re- o T 7 est linens. Correct styling. M Oh ai rs tone with piano. 3482—75¢ 3521—75¢ | ducel *rim is wonderful gasoline i | stove is ideal for the subur- Gabardines. 50 | My ‘snweegi:al:e“s Bells of st e s;'";‘_i:,k o Won- J ;:‘3)'50 sslfiiss% ban ho: S5 - et SR low | .U, x A rossmmigh 20 Mo i e el Lok W and 1650 [ tases of city crmkmz with o ‘°hi new ;"'“'““:‘ Skilled g s chorus. The Six ]umpmg out the use of gas. Stop in needie work. Comfort with- . “Rise, Sons of Bowdoin” . . . Tacks, —75¢ any time and let us demon- out sacrifice of smartness. Gabardlnes “Bowdoin Buu‘—‘gung bY ¥ i Bowdoin Glee Club. “Our Na- Micsaa: 4 J- . W o 1 I tional Honor”—march. Bow- | €S an unior Women s Store Hours: 7:30 tv 5:30 Tropical Worsteds $ 8 doin Instrumental Club. VINCENT ‘ Novelty Colored Saturday, 7:30 to 1 Vit s Vot us t 3535—75¢ Toi i ovelty Colored Shoes regular weight suit in a | o i A' MUDDIM AN g g light-weight cloth. Repels { Tl‘OplCfll Worsteds “Itsa wvfm‘xa"};: ppec i $ IA. 95 $ 2. 45 $ 3. 45 o] ‘7 13th St. N.W. 3 ekt Scxins itne. | $ $ $ Tulip and T Wore a Big Red “A LAalne m’Spalln" T ]“t‘l: 09 13th St. N.W. 2 25 28 35 dle Go Along”—fox trots wi Main 140—6436 45 350 & fi:or;uu‘:“ljg}‘::‘a::hg:\ier; vocal trio by Keller Sisters & | At an average savings of half Lynch. VincentLopezand His | Casa Lopez Orchestra. 3517—75¢ price or less, many exclusive young tolks’ shoes reduced in these three groups. M McClung Brothers). R (MeClung B e —=le——lol—| 'SUMMER DAYS | N2 % Y\(WY\’\(\;( Ko W\(YW\(YY Including smart ties and XXX KX RK XA X R KRR KRI KR KKK KK SRR ARRARX “Erl " (Schub. o strap effects—Beige, Parchment v AN EXCEPTIONAL VALUE VERNON e e et wanes || and Cherry patent calf, and other | ARE TONIC DAYS 3-Piece | e Selemitene || il . i 30114—$1.50 | B “~m F lannel SUItS s35 Tenor with gmgr Pc‘:i’l" and 5y “Scarf .DI:ICG:_' (b) “The | ; o id of a good tonic. fmt;n:‘.:nl;{“t;:rl::ng of a quality seldom obtain- fise::l:gh— L“ . s‘smfle SDS;.}; "lB-:;eul::l.lz(’c—haJTx:‘:d(sf)'éhh: | Sweetheart” kowsky, Op. 37, No. 6) piano- ODDS wlNE °N|c “The Ratiin af' M-ry vhm forv!ve ‘;zlos,pl,wpold odgwsky. : he strength-bu s . . adko, | B Today’s Selection Assures Unrestricted Choice et ansfy-Kor-flww)m“Sl"v- ' ‘ “Yesterday” . .. “Down Ken- _ ing Beauty” (Tschaikowsky) | tucky Way” _ sung by Wen- * —Waltz. Played by Cleveland ‘ 1 dell Hall, "The Red-Headed Orchestra, Nikolai . Sokoloff, R Music Maker.” 3507—75c Conductor. 15120—$1.50 i 7th. & K MENS WEAR k “Light-Ray” Electrical Recording (musical - : A i | S 1 FaS ‘Nfe St i et 4149th 1914.16 Pa. Ave. " 1, e :S";‘.}:‘M ';::Io:}.i:‘;::t I]- ; el o 3212 14th . 233 Pa. Ave. S.E. i Tonic tadas withont fall. On.sale 14th & G Streets N. W., \ Fifonan's Shey1s. 1N \ in Washirgton at People’s Drug Stere: d other od drug stores | throughout -thi tion.—Adver- | [ | tisement. AARIRARAARAARARARAARARNR {