Evening Star Newspaper, February 3, 1929, Page 40

THE SUNDAY STAR, WASHINGTON, D. €. FEBRUARY 3. 1929—PART 2. THADINE S AGTE ON .. EXGHANE Washington Gas Holds Cen-| ter of Interest—Lanston Scores New High. BY EDWARD C. STO) In heavy trading on the Washington Btock Exchange yesterday sales in Washington Gas Light stock again took place at the high mark of 125. Interest has been centering in this stock be- cause of the spirit- ed bidding which has .been taking place previous to tomorrow’s annual meeting. Moves to gain control, or to obtain large blocks of the stock for ip vestment pur- ses, have been Poted for months. but this week saw the stock sell on the exchange at $125 per share for the first time. | Yesterday's sales . " totaled 220 shares. ¢ F Wats The situation has aroused more inter est locally than the fierce contest now | going on over control of the Standard | Oil Co. of Indiana between John D. Rockefeller, jr, and Col. Robert Stewart. | Lanston scored another new high on | the local board yesterday, when a sin- | gle share sold at 124. Potomac Electric Power 6 per cent stock was strong at | 113, and the 5': per cent issue moved ! at 1091, Washington Railway & Elec- | tric preferred sold at 993. Railw eommon stood at 610 bid. but not of- fered. after Friday's great advance of 85 points from the last previous sale. | Federal - American National Bank stock sold at 343 and Union Trust changed hands at 353. Columbia Sand | & Gravel preferred made further re- covery, closing at 95'5. Federal-Ameri- | can Co. common sold at 55 and the | preferred at 103. Mergenthaler closed | the week at 104!;. Merchants Transfer | & Storage common came out at 128 !?ziwclosed at 127. Park Savings sold a . Bonds were in excellent demand. Washington Gas 5s sold at 102 and the | B bonds at 107. Capital Traction 5s| moved at 102, and Potomac’_Electric | Consolidated 55 at 1021;. 'Gas 6s, series | A sold at 105. C. & P. Telephone 5s sold at par, while one of the late transac-| tlons was a $10,000 sale in Washington | Gas 5s at 1013;. Barber & Ross 615§ appeared on the board at 941, g | Speakers on Credit Announced. Plans for the annual Midwinter ban- | quet and dance of the Washington As- | &ociation of Credit Men, to be held at | the Willard Hotel on-February 16 at 7 | &m. are nearing tompletion, according announcement made yesterday by R. Jesse Chaney, chairman of the com- smittee in charge, Present indications are that a large' number wijll attend. | Short talks will be made by Frank D. Rock, president of the National Asso- | ciation, and E. Paul Phillips, Eastern | branch manager of the National Asso- | ciation. Lister T. Watts, president of the Washington Association, will pre- side and John J. Boobar act as toast- | master. | The membership of the Washington | Association is composed of about 125 | Wholesale houses, jobbers and financial institutions, the National Association made up of 150 such locals, with a total membership of approximately 30.000. The association has during re- cent years been wery much interested in protection against - erqdit ° fraud and Taised through its members a fund of | @ver $1,000,000 to fight any fraudulent Wusiness. This first effort of thhe asso- | olation has been so successful in secur- | dng the convictiion of credit crooks that | the association is planning to raise in | $he near future an additional $1,750,000 for_the purpose. Stephen I. Miller, formerly educa- tional director of the American. Insti- tute of Banking,“is executiye ‘manager of the National Association: The ban- quet committee follows: John N. Auth, H. T. Bisselle, Emory Galliher, Mrs. E. J. Hess, Raymond D. Lewis, John A. , Eugene Ruark, W. F. Simpson, James A. Soper,- Lister ‘T. Watts snd R. Jesse Chaney. Bank Officers to Meet Here. The Joint Stock f.and Bankers’ Asso- ¢lation, made up of the officers of the TFederal Land Banks, will hold its an- nual meeting with the Pederal' Farm Loan Board on Monday, Tuesday and Wednesday. Several of these :bankers | are al;sady in the city. About 50 are | A. 'W. Hendrick, president of the San | Francisco Joint Stock Land Bank and | wvice president of the Bank of Italy, is head of the association and - Samuel McCune of Cleveland, Ohio, is secre- tary. The meetings take place at the headquarters of the Farm Loan Board. e m-**-rs. discussed relate largely | %o the inside workings of these banks, | policies to be followed and the present | and future business outlook. | ! that | sery; Organiied Reserves Members of the 343rd Engineers, Col. 1 Engineer Reserve regiment in the Dis- interested in the new policy established | by the War Department last week gov- erning appointments, reappointments, assignments, promotions and ‘sepera- tions of officers of the Engineer rail- way battalions of the €orps of Engi- neers section, Officers” Reserve Corps. Though Col. Stewart's regiment is primarily a combat Engineer regiment, this new policy will be read with a great deal of interest. be carried out in accordance with the recommendations of corps area com- manders. The Engineer railway battalions will be so organized as to utilize the trained personinel of the railroad to which the battalion is allocated. The battalion commander Will generally be filled by a division superintendent, while the positions of company commanders of | the maintenance of equipment company. maintenance of way company and operating company will be filled by di- vision engincer, master mechanics and train masters, respectively. Original appointments will be made in any grade not above major. Neither credit hours, will be required for reappointment with assignment privileges or for promotion. No officer will be assigned or remain | assigned to an Engineer railway bat- 1. ion allocated to a commercial rail- system when not an employe of way. It is also of interest to note that the commission of a Reserve officer, appointed. reappointed or pro- moted in the Officers’ Reserve COrps for the purpose of accepting an assign. ment in an Engineer railway battalion, will be terminated upon his separation from the -battalion to which assigned. The new instructions issued by the War Department. on this s edence over the provisions Regulations 140-5 where they are not in agreement. ‘Washington Reserve headquarters an- nounced last week the following changes in -the assignments of local Reserve officers: The following having accepted reappointment. in the Officers’ Reserve Corps without the privilege of assign- ment or active duty, are relieved from assignment to reserve units of the Dis. trict of Columbia as iollows: Second Lieut.. Carl C. Brown, Quartermaster Reserve, from 409th Service Battalion, zone of communication: Second Lieuts. Jhecob C. Levy and Paul H. Madigan, both Air Corps Rescrve, from attach- ment to the 409th Attack Squadron, 5th Army; Col. Peter M. Anderson, Engi- neer Reserve, from assignment to the 353rd Engineer General Service Regi- ment, 4th Army: First Lieut. Carl H. Schmidt, Dental Reserve, from 80th Division Special Troops; First Lieut. Henry C. Stockell, Field Artillery Re- serve, from 313th Field Artillery; Second Lieut. John B. Canderluis, Engineer Re- serve (Alexandria, Va), from 305th Engineers: Second Lieut. Joseph M. Le Mense, Air Reserve (Bethesda, Md), from 80th Division, Air Corps. Capt. William L. Finger, Field Ar- tillery Reserve, Bureau of Foreign and Domestic Commerce, now - residing . in Paris, France, is relieved from assign- ment to the 155th Field Artillery bri- Second Licut. Stanley G. Slavens, Infantry Reserve, State Depertment, now temporarily residing in Honduras, is relieved from assignment to the 320th Infantry. First Licut. Henry B. Pent- land, Air Reserve, Department of Com- merce, having moved beyond the di- vision area, is relieved from assignment to the 80th Division Air Corps. Second Lieut. Max A. Bradshaw, Field Artillery Reserve, Takoma Park, Md., has been promoted to first lieu- tenant, Field Artillery Reserve. His as- signment to" the 313th Field Artillery will remain in effect. In accordance with the War Depart- ment policy established a few years ago, 23 reserve officers have been ordered. to undergo the three months’ course of instruction at the Command and General Staff School, Fort Leaven- worth, Kas., beginning March 17. This course is primarily designed to prepare Reserve officers for higher command and general stafl duties and deals with the combined arms. The following Reserve officers will undergo this instruction: way George ¥. Weisel, Engineer Re. serve, and Arthur F. Shaw, Infantry: Reserve. Lieut. Cols. Harry P. Wilson, Engineer Reserve;.Paul B. Parker, Rus- sel Sterhng, David J. Brady, William E. Pinkton, all Infantry Reserves; Henry C. Jackson_ Field Artillery Reserve, and Achille Van Swetendael, Engineer Reserve. Majs. Sherman O. Haight, Fleld Artillery Reserve; Earl A. Reid, Infantry Reserve; George W. Wit- ten, Engineer Reserve; Roy T. Quick, Infantry Reserve; Henry H. Allport, Coast Artillery Reserve; Wesley K. Carr, Infantry Reserve; Rudolph B. Boyle, Military Intelligence Reserve; James G. L. Howard, Engineer Reserve; Morris I. Jayne, Field Artillery Reserve; Kennith Little, Infantry Reserve; Earl E. How- ard, Coast Artillery Reserve. Marcel A. Palle, Infantry Reserve, and Jaccb H. Tatsch, Finance Reserve. Washington Reserve officers of Field Ardllery will meet at the Fort Myer riding-hall.this morning at 9:30 for in- struction’. in -equitation under the “di- rection of Maj. W. R. Woodward, F. A. Five instructional conferences will be held this week by local Reserve umits, viz., 320th- Infantry, 313th™ Pleld Ar- Bankers’ Forum Is- Postponed. | Chairman 1. J. Roberts ‘of the local | fastitute’s forum committee announced | Jate yesterday that the mceting plon- | ned for next Wednesday evening at the Raleigh had been postponcd. Mr. Rob: eris‘received a telegram yesterday from | Undersecretary of the Treasury Ogden | M: L. Mills stating that he could not be | present on account of the death of his | father. He was to have spoken on *Federal Financing.” Washington Bank Clearings Up. | Bank clearings in the Unitad States for the week ending January 31, as re ported to Bradstreet’s Journa!, aggre gated $13.176,567.000, as against $1 740,065,000 last week and $11,573,751.- | 000 in this week last year. total shows a decrease of 4.1 per cent | from last week, but a gain of 13.8 per cent over the like week a year ago. Washington reported an cxcellent | gain for the week, clearings totaling $34,807,000 against $28,835.000 for t previous week and an increase of 40.3 per cent over the corresponding week », year ago. | Richmond reported clearings of $46. 830,000 against $42.771,000 in the pre- vious week ond an increase of 10 per t over the sams week last year. Baltimore reported a gain over the previous week but a decline of 3.4 per cent over the corresponding week in 1928. Memory at Least 15 Years Lang. H. Parker Willis, who addressed Washington bankers recently on the money situation, has a memory at least 15 years in length. Just 15 years ago he made an 2ddress before local bankers at which Charles J. Bell chairman of the board of the American Security & Trust Co., sat in the front 1 noticed, night, “that Mre sell kept his hand over his eyer most of the time and appeared t- be looking at the floor. 1 wondered if he could not quite swal- low what I was saying, and admit I| ‘was a bit worried. “Later in the address I discovered | it was the light over the table that ;;utd“lu::b“l]g him. I turned it out., onight will turn it iy off at the Mellon's Note Plan Approved. Sound banking judgment, says Trust Companies Magazine, approves the recent announcement by Secretary Mellon that he will not press, at this time, his previous recommendation for the retirement of national bank notes and indicating that if necessary, pro- vision would be made to replace the 3 per cent consols maturing in April, 1930, and which bear the circulation d said Mr. Willis the uthé‘r\ 4 tillery, 2d - Squadron of tne '306th Cavalry, Coast Artillery and the 428th Infantry. Tomorrow evening, members of the 428th Infantry, Lieut. Col. West A. Hamilton commanding, will hold thoir confcrence at headquarters, the subject of which will be company ad- minisiration, under- the supervision of j. William A. Jones, Inf. This same subject will also be discussed Ly the 320th Infantry, Col. Winfield Scott commanding, at its meeting on Tues- day evening, which will be conducetd by Maj. Jenes. As the plans for the active uty trairing for this regiment are being eby instruction will given Citizens' Military Training Camps, all subs~quent conferences will be con- ducted for the benefit of those officers of the 320th Infantry who contemplate active duty training with tne regiment this Summer. ‘The 313th Fleld Artillery, Col. Leroy | W. Herron commanding, will meet at headquartcrs next Wednesday evening, t which will be taken up lessons 7, and 9 of the Field Artillery battery officers’ subcourse 3 on the subject of iring tables and corrections of moment. The text assignment for this conference | is firing tables, 76 mm. gun (French), | pages 1 to 32, 46-67 and parts 2A, 2B, | 2C, 2D, 2E and 2F. Maj. John A. Considine, cavalry, will conduct th= conference of the 2d squad- ron of the 306th Cavalry, at which will | be taken up the outpost and defensive | action. This will b2 followed by 2 map and sand table problem. Coast Artillery reserve officers will | meet next Friday evening, at which will | be d ed the employment of anti- aircraft artillel . | HEAVY OUTLAY PLANNED. RICHMOND, February 2 (Special).— In addition to the $7.500,000 allocated 1o the Guyandot extension into new coal fields in West Virginia, about $2,000,000 will be spent this year by the Virginian Railway on extensions and betterments. privilege, ‘There are now about $650,- 000,000 in national bank notes in cir- culation, and at various bankers' con- ventions the sentiment was voiced in resolutions that national banks be p: mitted to continue the bank note cir- | culation privilege. Retirement at this stage would doubtless have a disturbing effect on the money situation. With the approval of his program by Congress, the Secretary of the Treasury will prepare to isue national currency notes in reduced size, and with new design to conform to the general re- duction and new design of currency @ go into effect July, 1. John Stewart commanding, the only trict of Columbia, will be particularly ‘This policy will | certificate of capacity. nor time in grade | [CREDIT SITUATION AFFECTS MARKET Speculative Movement Un- certain, but Gain in Loans Continues. BY CHARLES F. SPEARE. | Special Dispatch to The Star. NEW YORK, February 2.—January, the second largest month of trading in Stock Exchange history, is now follow- ed by onc traditionally known as a jperiod of uncertain speculative move- { ments. But, as Wall Street has persistently ignored all precedent factors in measur- ing the trend of markets and in esti- mating the value of securities, it is necessary - to deal with the stock sit- | uation as it appears on the surface rather than to try to sound the depth and force of the strong currents that may be surging underneath it. The primary force urging prices up- ward is the constant flow of capital in the control of individuals of large and emall means, and under the direction of institutions and trading corporattions, into the market for “equities.” The sup- ply of such funds appears inexhaustible. Not only is it directly employed in the absorption of stocks, but accommodates speculation in the form of loans, with- ut which this speculation could not continue at its present pace. The item of brokers’ loans this week for the account of “others” reached the | fifure of $2,815,000,000, comparing with $1,052,000,000 a year ago. If it goes on growing it will soon be equal to_the aggregate of loans of the New York banks and of all the interior institutions that are lenders on call in this market. Business Reports Favorable. sSacondary influences are more funda. mental and give a degree of legitimacy to the rise in price that can not be ignored. They include the favorable business reports, such as that from the ron and steel industry, which has had the best January in its history; rail- road earnings, which in December ex- | ceeded by 65 per cent the net retums; of the corresponding month in 1927; & | fairly large return flow of gold from | Europe that has eased the tension on | money and for the first time in some weeks reduced long-term money quota- tions; and expectatfon of a business program under Mr. Hoover that will be as constructive and as protective to | American industries as_that which is now closing with the Coolidge admin- istration. Still another development of a stimu- lating character was the decision of the Interstate Commerce Commission approving the merger of the New York Central system with the “Big Four” and -the Michigan Central. While this | has no bearing on the general railroad consolidation scheme, it shows, for the first time in several years, a disposition on the part of the commission to har- monize railroad conditions rather than to disrupt them. This gives ericourage- ment to those who are convinced that it is in the public interest to merge various railroad groups and that, under proper limitations of purchase, this movement should be encouraged rather than opposed. | _The sequel of this decision and of | the public offering of securities backed {by a portion of the stocks which have | been held in the various companies of the Van Sweringens has given a stimu-.| | lus to railroad shages such as they have | not had during the present bull market. Note of Caution Heard. With all the hilarity that expresses ifSelf in enormous transactions and the vigourous daily upbidding of prices of stocks, there is a degree of apprehen- sion in Wall Street that increases as the price level rises and the ratio of cle that surrounds prices and loans is to be broken, for thefe can be'no ma- terial reduction in loans without heavy liquidation, and as the Fdereal Reserve points out this week, any withdrawing of the loans by “others” immediately burdens the banks, and, thereby, causes money rates to rise. Some bankers fear that a continued rising market and an expanding brokers’ loan account will have their effect- on general business in the next few months and that stocks will eventually react when the compe- tition between speculative .loans and commercial loans brings about a .de- crease in trade and creates a condlition of unemployment similar to that of a year ago. The involved nature of the credit sit- uation affects not only this country, but has become a serious matter abroad. London is losing gold rapidly. Since last September the withdrawals for Ger- man and American account have been approximately $125,000,000. If the Fed- eral Reserve raises its discount rate in order to impose a heavier penalty on speculation here, additional gold will be taken from London. On the other hand, if London feels it necessary to protect her supplies of the yellow metal, the simplest method of doing this would be by an advance in the Bank of Eng- land rate. This, however, would im- pinge on British industry, which is suf- fering from the economic and social revolution from which British trade has been depressed for the past nine years. Escape from the tangle into which credit conditions have gotten, as a result of a world-wide speculation in securities, coincident with the final steps in currency stabilization, is not yet in sight. Utility Stocks Move Up. The market phases this week are worthy of some analysis. One was the movement in public utility shares and the other the further expansion in in- | vestment trust or trading corporation operations. The first of these expressed itself in violent advance in the shares of a score of holding company sto: Many of the phenomena of 1926 were duplicated and, as in that year, the exploitation of the junior issues of the power com- panies was based on rumored consoli- dations and a pyramiding of prices fol- lowing appreciation in those of stocks of operating companies. There is this difference, however, in degree that whereas two and three years ago it was felt that the favorite public utility shares should sell at 15 to 25 times their earnings, not a few of them have re- cently been quoted from 30 to 50 times earnings. The extent of the rise from-the low week, may best be expressed in per- centages of advance from the one mar- shares: Approximate .. 325 American Foreign Power.. American Power & Light. American Water Work: Commonwealth Power Electric Power & Ligh American Super Powe Elcctric Bond & Share. Electric Investors. . South E. Power & Light. 125 Standard Power & Light. 100 At their low prices last year, the average of 18 popular public utility common stocks was $51 a share. At their high this week ,he same group showed an average market value of $111 a share. Some of the issues making the largest gains have yet to pay divi- dends. On others, the amount of re- turn from earnings is still quite nominal. Investment Trust Influence. There are a variety of cpinions as to 235 200 or trading corporations, in the present rising market for stocks. Generally speaking, the “trusts” that were formed prior o' 1928 have not been an im- Jjunior issues. Most of them are still large lenders of money on call or have a high proportion of their funds in- ‘vested in attractive yielding securities of forelgn origin. ‘The later organized companies, how- ever, have undoubtedly been responsible bank funds in stock operations expands. 1t is difficult to se= how #he vicious cir- Capts. | . WIEN you feel that Almost everybody knows how these tablets break-up colds—but why not prevent them? Take a tablet or two at the very first sign of a cold and spare yourself a lot of inconvenience and suffering. Do the same when a headache threatens, or when you feel the least twinge of neuralgia, neuritis, theumatism or similar pain. Bayer Aspirin is sure relief, as many have discovered. for the withdrawal of large blocks of stock from the market. Thefr policy is level of 1928 to the high figures of this | ket level to the other, in the following | per cent of gain | the -influence of the investment trusts | | Gross fircome. portant factor in the absorption of | not static as is that of the “trusts.” ‘They are constantly on the move. They take profits in one group of shares and go out in search of others that seem underpriced. Evidence of this is to be found in the reports of a score of them for 1928, a_majority showing profits of a trading character ranging from 60 to 85 per cent.of ‘all profits taken during the year. . In the past two weeks over $300,000,- 000 in new capital has been offered for public subscription under the general term of “investment trusts.” Actually most of this represents corporations formed for the specific purpose of doing on a large scale what the public or the professional trader .has been doing in a more limited way for the past 12 months. This is one of the new in- fluences in the speculative situation ; which must be recognized as perma- nent, even though it may be of a de- cidedly dangerous character. NGO REPORTED DY TEEPHONE 0 December Figures Show. De- cline From Previous Month’s Total. Net income of the Chesapcake & Potomac Telephone Co. in December totaled $107,560, compared with a net | return in November, 1928, of $131,556 | and in December of the previous year of $59,988, according to the monthly report filed yesterday with the Public Utilities Commission. The decline, in comparison with November was due largely to considerably heavier operat- ing expenses in December, which cut down gross income. Capital expenditures for outside plant facilities and central office_equipment added to the system in Washington during 1928 amounted to $2,629,612, ac- cording to yhe statement. Retirements for this pe{\nd were $1,445,751, making net additidns for the year $1,183,861. Telephone operating revenues for 1928 were $7914,206; operating expenses were $5,612,862, making net operating revenues for the year ending December 31, 1928, $2,301,344. The operating revenues for the month of December were $685,381; operating expenses during the month were $518,: 913, making net operating revenues for the month $166,468. Taxes assignable to operations for the month of December amounted to $34,- 022. During the year 1928 taxes assign- able to operations amounted to $546,126, which was an increase in taxes over| 1927 of 1.8 per cent. On December 31 the District of Co- lumbia was served by 150,360 telephones, an increase of 6,775 since January 1. During the month of December Wash- ington users made 498,000 telephone calls to out-of-town points, an increase of 7.9 per cent over the same number made in December, 1927. Comparison of earnings for December, 1928, with the corresponding month in the previous year follows: Dec 1927 Dec.1928. 660,664 5685,381 538,302 518,913 $166,468 34,022 3132.446 . 4997 Total operating revenues. Total operating expe and uncollectible. ... Net operating_revenues.. Taxes_assignable to opera Operating income Non-operating income. $137,443 Rents _and 10 deductions 4 313 25:973 $107.560 Interest deductions..... Net income. Among the superstitions of British herring fisheries, according to A. M. Samuel of the British treasury, one is that mention of the words hare, rab- bit. pig. salmon or minister will bring bad luck. Spanish War Veterans MEETINGS THIS WEEK: Gen. Henry W. Lawton Camp, tomorrow night, Pythian Temple. Col. John Jacob Astor Camp, tomorrow might, Stanley Hall, United States Soldiers’ Home. Richard .J. Harden Camp, Thursday night, Pythian Temple. Gen. Nelson A. Miles Camp, Friday night, Pythian Temple. Admiral George Dewey Naval Camp, Friday night, Northeast Masonic Temple, Eighth and F streets northeast. Admiral George Dewey Naval Auxiliary, tomorrow night, North- east Temple, Eighth and F streets northeast. Col. John Jacob Astor Auxiliary, Thursday night, 921 Pennsylvania avenue southeast. Gen. Nelson A. Miles Auxiliary, Friday night, Pythian Temple. ‘Washington Temple, Lineal Sq ciety of the Spanish War, Wed- nesday night, Pythian Temple. Department Comdr. James G. Yaden, in general orders issued yesterday, an- nounced the annual memorial services in honor of the men who lost their lives with the sinking of the battleship Maine in Havana Harber in 1898 will be held at 2:30 p.m. February 15 in the riding hall at Fort Myer, Va. The usual short services will be held by the auxiliaries at the Maine mast in Ar- lington National Cemetery just prior to the services in the riding hall. ‘The orders al announce that the 3Spanish War Veterans will participate with the Columbia Federation of Pa- triotic Observances in the celebration of the 197th anniversary of the birth of George Washington, February 22. In accordance with the rules and reg- ulations, each camp in the District wi]l observe annual muster day at the meeting falling on or at the nearest day to April 21. Announcement was also made of the appointment of Cleveland Kennicutt of the Gen. Nelson A. Miles Camp as chairman of the good and welfare committee, and camp commanders are requested to immediately advise the chairman of the name and address of the member appointed from each of the respective camps to serve on the committee. Past_Department Comdr. Charles *'® McCaffrey, 403 Twelfth street north- east, chairman of the Memorial day committee, requests that each camp ;ommander appoint and advise him of the names of two members to serve on the Memorial day committee of the department. The department commander and staff will make the annual official visits to the camps as follows: Richard J. Har- den Camp, February 7; Col. James S. Pettit Camp, February 12; Col. John Jacob Astor Camp, February 18; Ad- mirai George Dewey Naval Camp, March 8; Gen. M. Emmet Urell Camp, March 20: Gen. Henry W. Lawton Camp, April 1. Dr. Edward C. Barstow, commander of the Gen. Henry W. Lawton Camp, has appointed the following committee: Sick and relief committee, Arthur G. Webster, chairman; George McDermott, William H. Barstow, Albert A. Glaze and Charles J. Mattson. Comradship committee, Ernest R. Graves, chairman; James L. Dawson, George E. Burdick, Chauncey L. Davis and William H. Barstow. Recruiting committee, James L. Daw- son, chairman; Ernest R. Graves, D. F. Cooney, Judson L. Mason and Chauncey L. Davis. Employment committee, Ernest R. Graves, chairman; Richard L. Lamb and James G. Yaden. Entertainient committee, George McDermott, chairman; James L. Daw- son, John O. Berkley, William P. Davis and John Farner. Memorial committee, John Farner, chairman® William_P. Davis, W. S. Hodges, Sheridan Ferree and Stuart Hilder. Program committee, John O. Berkley, chairman; Ernest R. Graves, Arthur G. Webster, George McDermott and Peter J. Traxler. Grievance committee, Lee H. Harris, chairman; James L. Dawson and John J. Kiley. Thomas Saunders was mustered in as an active member of the Col. James S. Pettit Camp at its last meeting. The following applications for mem- bership were received: Clarence A. Al- len, Battery H, 4th United States Ar- tillery, and George M. Ryan, Company H, 1st District of Columbia Volunteer Infantry. The sick and relief committee re- ported Fred A. Deck in Walter Reed Hospital, John G. Faust in the Naval Hospital, F. 1. Weber in the Soldiers’ Home Hospital and the following ill at their homes: John L. W. Burke, Milton L. G. Smith, Willard H. Wheeler and William P. Irving. Past Department Comdr. Arthur H. League and Adjt. Print E. Shomette of the Gen. Nelson A. Miles Camp, gave short talks on the good of the order. Comdr. Charles P. Galpin of the Gen. Nelson A. Miles Camp, in general orders No. 1, has announced the ap. pointment of the following committees: Recruiting committee, Elias Biesinger, chairman; Print E. Shomette, William H. Cooper, Elwin M. Luskey, William K. Swanson, J. K. Edwards and Robert E. Culin. Sick and relief committee, Alexander T. Jenkins, chairman; Charles L. Davi- son, James B. Carver, Gerald F. McGil- licuddy, Mrs. James C. Ruby, Miss E. V. Hassom and John A. Baxter. Entertainment committee, Elwin M. Luskey, chairman; Cleveland Kenni- cutt, Joseph A. Atwood, Milton D. Met- tee, P. Sopolowski, Gerald Fr McGilli- cuddy, Frederick Zulch, Charles F. Burkhardt, Harry J. Stahl, Jerome Shipman, J. P. Fitzpatrick and Print E. Shomette. George V. McAlear was appointed chairman of the employment commit- tee and Department Adjt. A. Eugene Pierce chairman of the grievance com- mittee. The camp at its last meeting mus- tered in as active members, William A. Hickey, Company C, 1st Regiment, Dis- trict of Columbia Volunteer Infantry; Charles Pangle, Hospital Corps, United States Army, and George L. Saxton, Company A, 2d United States Infan- try. The following were elected to membership and will be mustered in at a later meeting: Winburn C. Adcock, States Cavalry, and John W. Stone, Company F, Regiment, Virginia Volunteer Infantry. The annual official inspection of the camp was made by Department Comdr: Yaden and staff. 3 The Gen. Nelson A. Miles Auxillary at its last meeting elected Susan Adams a delegate and Bessle McCafirey as alternate to the National Encampment of the Ladies’ Auxiliary. The following were elected to represent the auxiliary at_the department encampment: Delegates, Estella Fowler, Alice Lus- key, Emma Warren, Hatile Ludwig. Edith Quinn and Esther Erhardt; elter- nates, Carrie A. Stillions. Btuma F2*- rish, Anna Luskey, Mabel Boser, Anfa Cross and Alice Lanaban. The auxiliary will hold a Washing- ton's birthday celebration and valentine party following the business meeting February 22. Department Chief of Staff Katherine Teague, Senior Vice President Katie Le Laurin and Past President Elizabeth Norris of the Admiral George Dewey Naval Auxiliary and Minnie B. Loch- boehler of the Col. John Jacob Astor Auxiliary made addresses. Past President Edna R. Summerfield was presented with a vase, Past Secre- tary Alice M. Strauser with a gold pen- cil and Past Treasurer Catherine A. Barnes with a brooch at the last meet- ing of the Col. James S. Pettit Auxil jary. Mrs. Marie Milstead was mus. tered in. ‘The President’s Club held its last meeting at the home of Margaret E. Burns, with Emma Tull and Catherine Dintler assisting as hostesses. Three new members, Gertrude Keyes, Eva Ducker and Catherine Huhr, were ini- tiated. The following officers were ta= elected for the ensuing year: Presidess, Ella Ford; vice president, Bertha Cook; secretary, Eva Wilson. A card party will be given by the club at the home of Louise Moore, 4915 Forty-third street north February 19 at 8 \ The Essential of Beauty Clear Youthful Skin Use CUTICURA SOAP daily to thot- oughly cleanse the skio and keep it ift a fresh, haltmry condition. As- sit with CUTICURA UINTMENT to sootheand heal avyirritations. The favorite method of caring for the skin for the past fifty years. Soap 25¢. Ointment 25c. and 50c. Talcum 25¢. Sample each free. Address: “Cuticura,” Dept. 34G, Malden, Mass. I Cuticura Shaving Stick 23e. 37th Company, Coast Artillery Corps; James E. Lay, Troop C, 1st United Kann’s Announces New Reduced Prices on Victrola-Radiolas cold coming on—head it off with Bayer Aspirin. It is quite harmless, as physicians have long declared. It does not affect the heart, so you may take Bayer Aspirin freely. Use as a gargle for sore throat, to remove the infection. You can get the genuine at any drugstore. Bayer Aspirin. Bayer on every package and on each tablet. Aspirin fs the trade mark of Bayer Manufacture of Monoaceticacidester of Sallcylicacld The Popular Model 7-11 Until Now $250—For Only 185 —Beautiful instruments, com- bining the powerful all-electric No. 18 R.C.A. Radiola with the Victrola to make complete en- tertainment possible. The cab- inet is in the handsocme Eight- eenth Century English design, finished in walnut or mahog- any veneers—533/ inches high, 293/, inches wide and 17 inches deep. Same Model With AC Motor-Driven Victrola— Until Now, $285.00 $205 —Model 7-26 Victrola-Radiola, with Dynamic Speaker. 3 47 5() Until now, $475.00..... —Model 7-26 Victrola-Radiola, with Magnetic Speaker. 397 5() Until now, $425.00 —Extra space has been taken for this sale and a spe- cial representative from the Victor Company will be here to tell you the wonders of these handsome ma- chines. Such opportunities come but seldom—take advantage of them at once! Victrola-Radio Department—Fourth Floor KannA 8th and D Sts. Penna. Ave.