Evening Star Newspaper, April 17, 1929, Page 12

CURB UPON CREDIT LOOMS AT CAPITOL King and Brookhart Ready to Sponsor Restrictive Legislation. Ty’the Associated Press. Administration leaders at the Capitol arc quictly studying suggestjons for legislation at the extra session on the credit situation, emphasized recently by efforts of the Federal Reserve Board to check the flow of money into specula- 1tive channels. There have been many indications of an early discussion of this subject, both by Senate and House, but after confer- ences at the Treasury and in admin- istration circles generally, Republican Jeaders are merely watching and waiting. The Reserve Board seems destined to be a major subject of congressional dis- cussions. There are some ready to cen- sure it for statements admonishing member banks to curtail loans to brokers and dealers. There are others prepared to assail the board for not ‘taking this step sooner. Senator Glass of Virginia, a former Democratic Secretary of the Treasury and one of the authors of the Federal Reserve act, believes the board should have acted before. Senator La Follete, Republican, of ‘Wisconsin, introduced a resolution, more than a year ago, asking the board to admonish member banks against in- creae 1n the tremendou amount of loan to brokers and dealers. The Senate banking commiitee reported favorably ‘upon, the resolution, but it was never acted upon. Both Senators are ready to tackle the complex problem of amending the | Federal Reerve act, in an effort to legalize a greater restriction on reserve funds likely to get Iato speculation, but | neither is willing to undertake the task at the bxtra session unless there IS as- surance that the House banking com- mittee will be organized and that both branches will be in & position to take action. Senator King, Democrat, of Utah, ose both an investigation | situation and legislation aimed at forbidding use of Federal Re- serve funds for marginal transactions | on stock exchanges, and Senator Brook- hart, Republican, of Iowa, is_prepared those proposed by NEAR EAST BUNDLE DAY APPEAL SET.FOR APRIL 29 Thousands of Pounds of 0ld Cloth- | ing Needed for Relief Work: ‘The last bundle day in Washington for the Near East Relief has been set for April 29, it was announced yester- day at Washington national headquar- ters, 1334 Connecticut avenue. Bundle day is an appeal by the relief organization for children under its care in the Near East, for helpless children in refugee camps and for the adult refugees. Many thousands of pounds of clothing are | needed, it is stated, as_thousands of children and adults in the Near East depend upon the relief organization. For the children any warm clothing is needed. The refugees need over- coats, jackets, trousers, coats, skirts, petticoats, woolen trousers, warm un- derwear, shirts and stockings. are needed. Every fire station in Washington, through permission of the Commis- sioners, will be a center to geceive bun- dles on bundle day and a large number of the churches will open their church houses as bundle centers. The bundles will be collected by trucks and taken to | a central warehouse, where the clothing will be sorted and packed for shipment. | ‘Washington headquarters asks for vol- unteer trucks from the business houses in the city. L H R S King Boris Visits Brussels. BRUSSELS, Belgium, April 17 (#). King Boris of Bulgaria, who has beel visiting various Buropean capitals, ar- rived in Brussels this morning and was met at the railroad station by King Albert. The Bulgarian monarch will stay two days at the royal palace at Laeken. clothing for_orphan | No shoes | | establishments with 4815598 employes, Cannon That Fires 150 Shots a Minute "Will Soon. Be Made By the Associated Press. e OGDEN, Uiah, April 17—The last article invented by the late .Yohn Moses Browning, ifirearms t, will soon be made by ;the Temem Firearms Manufac: turing Co. of Hartford, Conn, it has been announced here by the Browning Arms Co. The former concern is prepared to turn out Browning’s 37-mili- meter automatic cannon, whieh handles a shell 13 inches long, firing 150 shots a minute, with a velocity of 3,000 feet a second. Two types of this weapon will be made, one for use-on aircraft and one for ground placement as an anti-aircraft gun. EMPLOYMENT SHOWS GAIN OVER FEBRUARY By the Associated Press. Increase of eight-tenths of 1 per cent in employment and 1 per cent in pay roll totals for March, as compared with February, was announced yesterday by the Department of Labor. Based upon returns from 27,625 | Publicity Activities of Western the report complied by the Bureau of Labor _statistics showed increases in each line of employment except coal mining, in which hoth anthracite and bituminous coal suffered from seasonal declines in production. Classes of employment considered in- cluded manufacturing, mining, public utilities, trade and hotels. Manufactur- ing employment was reported at a higher level in March than at any time since April, 1927, and pay roll totals were greater than at any time since November, 1923. i Bdinburgh, Scol];nd is to have a new motion picture theater seating 3,000. C sSTOP G »OUSHIN THOXINE C of dishiguring blotches and irritations. Use Resinol TOLEDO- DETROIT EXCURSION Round Trip April 20-21 An opportunity to visit these thriving cities of automo- bile fame, A full dny for sighteeing. $pecial Train Leaves Washington, Satur- day, April 20—3:45 P. M. Arrives Toledo, 6:30 A.M.— Detroit,8:15 A.M. Returning, Leaves Detroit, 4:45 P.M. Toledo, 6:30 P.M. Sunday, April 21. GALLIHER & HUGUELY, Inc. Surprise . the neighbors by showing a little activity around the house. Get out the old hammer and put it to work. Forty-leven things you’ve put off—let’s get ’em done now! How about a little lumber for repairs? Or addi- tions? Or ornaments? Give us a ring—see how quick we can deliver a small order. 1. €, WEDNESDAY, First Lieut. Casey Transferred. :am'-hu city for duty ’:n the office of the of unitions Building. Pirst Lieut. Hugh J; Gasey. Corps of | Betore coming to/ "W n he. will Engineers, assistant to the district en- | go to Fort Du Pont, Del., 'omupanm gineer at leburlh, Thas been ordered | the try-outs for the Engineer rifie team, ¢ STAR, WASHINGTON, VAPRID 17,7 1999 terests to . influence ENTER FIFTY EXHIBITS| i wmmmwmm,&::n IN UTILITIES PROBE ol n connecion Vi position ‘Two exhi] in connection with Cali- fornia public utility activit told ol efforts by the Greater a State-wide organization of buxtnen men, to-defeat the California Water power act in the 1922 election by the issuance of two mphlets, pamphlet described the act as, "Shll.l c fornia Be Sovietized,” and the other o&l posed the measure with the slogan, ven't We Enough Taxes.” . Rhodes Commissioned Major, Henry F. Rhodes, Chevy Chase, Md., ha¢ been commissioned a major by the War Department in the Reserve Corps of ghe Army. - Power Group Introduced at Hearing. Farsighted When a person is farsighted it doesn’t necessanly mean that he or she has uniisually acute vision. The conditions affecting sight are not generalfy understood and hence professional consultation is advisable at regular periods. Be far sighted—come in today for an By the Assoclated Press. Approximately 50 exhibits covering the publicity activities of public power utilities in several Southern and West- ern States, were introduced yesterday at a hearing of the Federal Trade Com- mission in its investigation into the pub- lic power utility industry. No witnesses appeared at the hearing. ‘The exhibits supglemenud testimony and documents submitted at nrevhua hearings. They were described by mission Counsel Healy as tending w show efforts by the public utility in- CANADA’S PROVINCES BY THE SEA NOVA SCOTIA NEW BRUNSWICK PRINCE EDWARD ISLAND —for a Seacoast or Woodland Vacation + + + Enjoy cool Atlantic breezes, the pine- sweet air of the forests—deep sea, lake or stream fishing—fresh or sale water Another Place to Eat Abe Martin says: * “A paper mapkin ‘Ul crab the best dinner that wuz ever cooked.” Dine at The Crown Restaurant where you are served the best food at-reasonable prices. Table- cloths and beautifully laundered napkins used exclusively at Brcak- fast and Dinner, The Avenue Crown 1727 Pa. Ave. N.W. Vacation where summer days are warm and nights are cool—where there is no hay fever and a modest budget provides swimming and boating—golf and tennis & wide choice of comfortable accommo- —in the lovely land of Acadia. dations at hotels, lodges and camps, For Canadian travel and vacation bookleis and information write, phone or call. 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