Evening Star Newspaper, November 9, 1928, Page 7

THE EVENING STAR, WASHINGTON, D. C. FRIDAY. NOVEMBER 9, 1923, GENERAL MOTORS CUTS HUGE MELON 150 Per Cent Stock Dividend and $43,500,000 Payment Eclipse U. S. Records. By the Associated Press. NEW YORK, November 9.—Dis- tribution to its stockholders of the greatest bonus ever paid by an Ameri- | can industrial corporation has been or- dered by the directors of General Mo- tors Corporation. Common stockholders are to receive the equivalent of a 150 per cent stock dividend, an extra cash dividend . of $43,500,000 and an increase of $43,500,- 000 in annual dividend disbursements. The action of the directors followed recent announcement by President Al- ired P. Sloan, jr., that a “pleasant sur- prise” was in store for the stockholders. The directors’ plan is subject to the vote of the stockholders at the De- cember 10 meeting. Dividend Rises. Under the plan each holder of a com- mon share of the present stock will receive the regular quarterly dividend of $1.50, an extra cash dividend of $2.50 and his annual dividend hereafter will be $7.50 instead of $5. The stock distribution planned is in the form of a spliteup of the 17,500,000 shares of common stock outstanding into 43,500,000 shares or on the basis of 212 new shares of $10 par value for each old share of $25 par value. The divi- dend rate on the new stock was set at $3, the cquivalent of $7.50 on the old shares, Annual Outlay Increased. The increase in the dividend rate calls for an annual outlay of $130,- 500,000, against the present dividends of $87,000,000 a year, without the ex- tra dividends which have been a fea- ture of General Motors policy. Here- after, a statement from the directors said, extra dividends will depend on the corporation’s profit-making ability. It has been the policy heretofore to dis- tribute approximately 60 per cent of its earnings to stockholders. CALVIN COBB’S BODY TO REST IN CHICAGO Telegrams of Condolence for Idaho Editor's Death Received From Notable Figures. By the Associated Press. BOISE, Idaho, November 9. —The body of Calvin Cobb, publisher of the Idaho Daily Statesman, today will be taken to Chicago for interment, accompanied by Miss Margaret Cobb, the publisher’s only surviving child. Cobb died Wednesday night, ending a career as head of a newspaper that had gone through the rectic days of the gold and silver rush in Idaho, and the troubles later in connection with the :;sassmanon of Gov. Frank Steunen- rg. ' Numerous telegrams of condolence were received at the Cobb home. Among thoss who sent messages were Chief Justice William Howard Taft, President Carl R. Gray and Vice President E. E. :J:;\'l!xe o{ gloeo Union Pacific Railroad, en! T, general man the Associated plgresg Bt . Another Woman Forester. ST. PAUL, Minn. (#).—Dorothea Ca- hill of this city is the second wornc:n student in the University of Minnesota Forestry School. Last year a North Carolina girl, Jane Oakley, was enrolled ipassengers Clamor to Be Put Ashore As Leviathan Waits on Tide Near Pier By the Associated Press. | been stripped of their linens, were | NEW YORK, November 9.—Just 2| made up agamn and the passengers went | good broad jump from the pler, 1,300 | pack to bed. | passengers on the incoming United | Among those on the liner were Mr. | | States liner Leviathan were forced to |and Mrs. Clarence Chamberlin, return- {spend the night aboard when SUONE | o grom an air tour of France and | the biggest liner afloat | g)bd:‘i)%n afx?:;‘\%?- 1ncthcg§iver. | Germany, and Lady James Heath, holder ‘ |~ Commodore H. A. Cunningham had | of the woman'’s altitude record for light | endeayored to berth the ship, but the | nianes coming to America for a lecture strong tide swung her stern against the | {oup | adjoining pier and it was considered t00 | “THe 1300 passengers, many of them | hezardous to move her until the tide | inqignant, were permitted to land after |turned. The presence of another liner | tho ‘chip "was safely docked eatly this in the same slip added to the difficulties. 1 murning, The passengers, tired of the long wait REW! & down the bay, where the Leviathan Having completed 13 terms as mayor | C. Matlock, who last Tuesday after- noon killed her husband as he walked into an apartment where he had es- tablished a young model and night club entertainer as another “Mrs. Matlock.” The warrant followed an inquest at which a coroner’s verdict of homicide | had been returned, and at which both | Mrs. Matlock and Rose Jokerst, the en- | tertainer, had testified. Mrs. Matlocl is 33 and Miss Jokerst 21. The hus band, Charles Matlock,” an automobil2 | salesman, was 38. Mrs. Matlock fainted in the witness ir at the inquest. | WOMAN HELD ON CHARGE OF MURDERING HUSBAND Shot Him as He Entered Apart- ment of Girl—Both Testify at Inquest. By the Associated Press. ST. LOUIS, November 9.—A war-‘ rant, charcing first-degree murder, | was issued yesterday against Mrs. Helen Getting Your Money’s Worth! roce out a strong wind, clamored to be put ashore, but the commodore con- |of Windsor, England, Sir William Car- sidered her position too hazardous to | ter, aged 80, has just retired and will | devote himself to pleasure cycling trips. | DINNCP. DANCLS | % EVERY SATURDAY 7:30to 1 A. M. Entertainment Features Don and Jeri Music by In Their Sensational Offering Direct from the Wardman Park Silver Slipper New York Orchestra “Diner Parfait” $2.50410 & 1 carte service. EISEMAN’S 7th & F Sts. To Match 0dd Coats Thousands of pairs of special trousers are here. You'll experience no difficulty in finding just the pairs you need to match your odd coats, “Have You a Charge Account at Eiseman's?” a8 the first. Miss Oakly " g = iy ey is now study: [ g IR WIMMWW.MMMWW II!\\mmWU\HW!MMm\M\WWMINWHI‘W\WWWWW EISEMA e~ il ' SEVENTH AND F STREETS “HAHN- g | spECIALS”.. 090 | Some styles, $5 ! s i If's a real cave man for heavy service! $¢-50 Made of Martin’s imported dark brown or black Scotch Grain. The m ost weather- proof leather ever tanned. Full, burly toe; over weight, weather-defying soles. Some shoe for Six-- e Shop is open every evening 3212—14th “Man’s Shop”—14th at G ’WH. A R BT N’S ARl A Ml O . A P A et Lt o A . Open a Charge Account on Our Liberal Credit Plan Pay in Small Weekly or Monthly Amounts, Easy o Meet SUITS AND OVERCOATS 130 ON LIBERAL TERMS 25 If you need a Winter overcoat, or a new suit of clothes, come straight to Eiseman’s. Because here you get style and quality at fair prices. Besides you can buy on our Liberal Credit Plan—a dignified, sensible plan whereby the terms are convenientl additional cost to you. Fine, all-wool suits and overcoats in large varieties so that every man can find his choice. A complete range of sizes and colors including rich novelties as well as smart blues, grays and All good values. browns. '35 T TS P TS y arranged without any R MBI L 0, W A e TSR R A So, With Election over, let’s get down to Business ! Everybody now needs new, Seasonable Footwear! And here at “Hahn’s,” styles for every occasion and every member of every family await your approval. Smart, original style creations for milady. ‘“Enna Jettick” and “Arch Pre- server” shoes for comfort. “Florsheims,” “Hahn Specials™ and other Hahn Shoe Leaders for the man. And the always Reliable Hahn Shoes for girls and boys. Plenty of opportunitics for economy, besides! - Special Selling Snappy Shoes for Young Women have marveled at the sprightliness of the styles in this $§4.95 Sale. Some time later they’ll still be enthused about the excellent service received from these shoes which cost so little! Featuring black, brown and blue suedes—patents, tan calfs. Dress and sports oxfords. Buckle and strap pumps. Side-laced oxfords. High and low heels. Twenty styles to select from, at our 7th St. and “Arcade” stores only. “SHOW BOOT” Decidedly new .85 and only . . .. 5 BUT in Fifth Avenue’s smart shops where this distinctly new creation made its first appearance, the price is $12.50. Neither a high nor a low shoe—but a happy com- promise between the two. Very dashing with its open collar effect — audacious, wide instep strap and orna- mental buckle. Shown in patent leather, black Kaffir kid or Java Brown kid, with contrasting lizard leather strap. No woman who loves to wear the new things first can resist this latest Style At our “Women’s Shop,” ITit! See them tomorrow. 1207 F St. Also, at Tth St. and “Arcade” stores. In the Children’s Shoe World— It’s getting colder—time for High Shoes! And here’s the “Swagger Junior” Boot for small children. Isn't it a striking nov- elty? Patent leather with red or cham- pagne kid linings which show when tops are turned down. Special Saturday Sale small girls’ and boys’ school, dress and play shoes. In tan calf or patent leather with flexible damp- proof soles. Sizes 6to1l.....89.29 “Hahn_Special *laced boot for misses _and _ chil- dren. Tan Russia calf ‘or patent leather. Wide, foot- form last. Excep- tionally durable. A to D widths. $3.75 & $4. S For the Girl in her ’teens A real storm shoe for real boys. Tan Wilo elk. Overweight oak soles with storm welting. Wide bel- lows tongue. Dou- ble straps and Jack-knife pocket. $5.50 & $6.50 “Hahn Special” misses’ and junior wom- en’s winter sports ox- fords, in tan or black calf with lizard calf trim. Also patent leather. One of the hest values ever put out in our Juvenile Shops. “Hahn Special " wear-defying school shoes for boys. Tan or black, as pictured. Also. tan Wilo elk blucher moceasins. According to size— $3.50 1o $4:25 Style pictured—a new, smart and good-wearing blucher ox- ford in tan or black Russia calf vith trimming of baby lizard calf. Very Collegiate! Sizes 3 to T ‘Separate depart- ments at all our stores show many swagger styles in these low heel “Debs.” Each and every one a notable value. $4.95 1o $8.50 7th & K 3212 14th “Women’s Shop,” 1207 F St. “Man’s Shop,” 14th at G