Evening Star Newspaper, April 14, 1929, Page 31

TEACHERS PENSION = | MANACENENT HT "Extraordmary Ineptltude" in { Supervision of Carnggle Foundation Charged. By the Associated Press. COLUMBUS, Ohio, April n—Monell Bayre, mumlunml pemlon e: gerted in address last extrlordtnsry I.neptltude of the man: sgement of the $30,000,000 camule $345 2-pc. the, with down cush $595 2-pc. Tufted Back Suite, in a new .shade of antique velour. Xpert, as- | pl ht that the ayre, Te) Poundation for' the ‘advancement of teaching has brought -the organization to a state of virtual bankruptey.. Mr. Sayre, executive vice president of the Pmlelhnt Episcopal Church Pen- sion Fund and pension adviser to the Church of England, the Federal Re- serve System- and the Brotherhood of Disciples ¢f Christ, addressed a dinner in cpunection with the hmmuhoofl'l campaign for umm to establish a pension system for ministers of cm- flon churches, Newspaper articles publmmd recently sald that begh y 1 the Carnegie !'mmdmon would make drastic reduc- ns in pensions to retired edu- It is of vital importance to churches - | such weakness 1n penslons themselves, but to the extraordinay’ineptitude of the foun- | negie dation’s management.” “In 1915, he sald, “10 years after its establishment by Andrew Carnegle with a gift of $10,000,000 to provide contin its promises those over that age by neelvln‘ $15,000,000 ad- ! M uan:f Carnegle Corporal New teachers mmz into colleges nnd universities were remitted to an a:oc company created by the xounda- ’I‘hu meant that either there had no actuarial calculations preced- | Y ing the establishment of the Carnegle Foundation’s pension system or that actuarlal calculations, if made, | pensa had been done imperfectly.” NEW YORK, April 13 (#).—Dr. Henry Smith Pritchett, president of the Car- Foundation for-the Advancement of Teaching, said in a statement last night that modification of the organi- zation's pension . plan was simply. a readjustment to meet changing salary |~ conditions in the teaching profession. His statement was issued in response who modification amounted of thf‘ foundation 'IM wn necessitated mmnm Carnegle Foundation,” said Dr Pflwhett “will distribute to teachers read) !mmulromumewume scheme. of a Durhl the last few years salaries of- zhe future. Extraordinary Custom-Built 3-Piece Living Room Suite, $236 Smart fabrics, including chevron mohair, plain mohair, tapestries in all the popu- far colors. Each suite is custom built with hair and moss filling and full webbed con- struction, assuring the utmost in comtort. Regularly priced $319. $219 3-pc. Velour Liv- ing Room Suite wit Cogswell chair $295 3-pc. Tapestry Inmg R o o m Suite, overstuffed frame Damask $480 (Fourth Floor, Furniture) $288 3215 $30:85 Custom built...in fabric combinations to harmonize with your color scheme. Backs and seats filled with soft bailoon _springs. Fabric cov- erings, include frieze, tapestry, mogquette, damask, velours and chevron mohair. Leg Rest to mntch $12. "‘"wmmmmmmwnu' c!ur in the collt pensation of teachers would neesulute nnd ‘the rules have been readjusted to ‘Wrong Powder Used - | '%mmmmfim LD Y AEPORT Progress in Economlc Res- In Biscuits Fatal To Amateur Cook e 1 toration AWl Over World cned by Dr. Pirelli. powder. Arthur llmurhllemh 0 & also ate of the biscuif pé&d to receive medical trntment lued post-war s has been the By the Assoclated Press. ment by tlu anud guus of & lml o( teachers have more than doubled | - The position acquired in world busi- | econ ver - befor lncrule in salary by the use | 7% by the United States and progress “"h""" which ‘will not vary in |in economic restoration all over the|inat ooumry its great supplies of world were emphasized by Dr. Alberto!raw materials; the possibility of adapt- §0-Picce $350 Dining Room Suite *220 66-inch buffet, canopy top china cabinet, serving cabi- net, extension table and a complete set of chairs, includ- ing a master’s chair. Tastefully designed and well built. Very attractively finished in genuine - walnut veneers. (Fourth Floor, The Hecht Co.) Something New-—3-Piece Fiber Bed Davenport Suite %38 Full length davenport which opens into a double-sized bed, if needed. ‘Each piece is made with comfortable spring cushions and has hand-woven fiber framé, Neéw decorative color effects. Beauty for Summer. Regularly $139. (Fourth Floor, The Hecht Co.) 4. Plec $269 Bedroom Group, $195 . This bedroom group has been designed espetially for the average sized bedroom in modem homes. Four well proportioned pieces have been fashwned of genuine mahogany veneers and finished in a warm brown tone. (Fourth' Floor, The Hecht 00-) - TaeHechH THE STORE THAT DARE:! TO BE DlFFERENT F Street at Sevemh CXJ