Evening Star Newspaper, October 4, 1929, Page 25

BANKERS ASK QUIZ ON BROKERLOANS Federal Reserve Authorities Requested to Act by Dele- gates to Session. By the Associated Press, SAN FRANCISCO, October 4—Hav- ing voiced their faith in the soundness of the credit situation and recommend- ed a scientific mvestigation of the brokers’ loans problems by the Federal Reserve authorities, delegates were on their way home today after winding up the annual convention of the American Bankers’ Association. Hope was expressed that the resolu- tion passed just before adjournment, urg- ing Federal Reserve system and stock exchange heads to study brokers’ loans in an effort to stabilize the national credit situation, might stave off a con- gressional investigation. Many and divergent views on the relative merits of branch and group banking as distinguished from unit banking came out of the gathering. The convention revealed that deep feeling exists among bankers over the absorp- tion of many banks by huge branching systems. Unit Bank Defended. During the last session unit bankers had their say. George W. Davison of New York declared the unit bank, un- der which America had grown to be the greatest industrial nation of history, was still the best adapted to continu- ance of that prosperity. Max B. Nahm of Bowling Green, Ky., attributed failure of banks to failure of surrounding areas, rather than to weakness in the system. He believed the banks that have failed in the last decade—more than 5,000—would have failed whether under State or national charter, or whether they were members of branch systems or units banks. Oveloans Charged. Other matters closely noted by the bankers and throughout American financial circles included the declaration by retiring President C. B. Hazlewood of Chicago that many banks were over- loaned on securities and in a top-heavy position, the statement by Controller of the Currency J. W. Pole, regarded as the voice of the Hoover administration, that branch banking privileges should be extended to national banks, and the indorsement of the Federal Farm Board as a stabilizing instrumentality for ag- riculture. F. N. Shepperd of New York was re- elected executive manager, T. M. Paton, also of New York, general counsel, and Grant McPherrin, Des Moines, Iowa, treasurer of the association at the exec- utive council meeting. W. G. Fitzwilson, New York, was re- elected secretary by the administra- tive committee. BECAME MAGI\.IETIC EXPERT ON ADVICE OF PROFESSOR Dr. T. D. Yensen Now Credited ‘With Saving Millions of Dollars Yearly for Industries. PITTSBURGH (#)—American youth sometimes finds in odd places the in- spiration that leads to eminence in scientific achievement. Take the phrase: “Abnormal con- ditions in transformer operations as in- fluenced by magnetic conditions.” Ordinarily it would scarcely cause com- ment even in an intelligence test. Yet 15 years ago, as title of a thesis by Dr. i THE EVENING STAR. WASHINGTON, D. O, FRIDAY, OCTOBER 4, 1929 island had a RUBBER PRICE FIXING. ||SLE IN'WEST INDIES U. S. Manufacturers Arrange Move With Sumatran Planters, rest. 12 of ‘Wonderful streets, broad and level, LONDON, October 4 (#).—The Eve- : ning News yesterday said that repre- Inagua Metropolis, Center of Old ‘,‘{,’:fi‘ .h;’ 1 f American_ rubber manu- ini “% flm nave gen h;btnndonmlnrr:ln'- Mining Camp, Classed as “City ing a ce-fx] rubber combination. ” are I Pnts that ihe Dutch planters of of Yesterday. e Sumatra have received the idea en- ‘The Methodisf thusiastically. 34 INAGUA, Turks Tsland, West Indies, | The Methiodist Church, which once bad ds that only 15| (Special) —In the struggle for wealth oyt doors of windows. The Church of | months. ant battered wal pef cent o(vgl:wflfono farmers show |this island of 240,000 acres has been signs of insanity. lost to the world. Ten years ago the ' wi J A FASHION INSTITUTION Parie Washington NewYork New Hats—Soleils and Felts—°10 Replicas from the more important Paris houses—from Descat, Al- phonsine and Patou— The new colors— The new lines— Millinery Shop—Street Floor You'll Like These Bags little unusual touches in frames and trimming Smart new bags with enamel ornaments . . . backstrap, top- $7.50 handle or tubular leather straps £ | . . pouch or underarm styles. » in Jutland Goat, Calcutta Lizard, Smooth Calf, Antelope Suede. Bag Shop—Street Floor Young Sport Shoes priced for school and business allowances $8.50 ., $10 Smart fall models suitable for street and campus . . . rubber gristle or leather soles and day the princi has &ahh and now abandoned. roofless, doors and windows gape ges and weeds overrun what once were beautiful flower beds. t Church, which once had ulation of 1,500. To- city, Mal is called “the City|same deserted appearance meets revails, excepting the govern- PASSES To OBUVION of ‘Yesterday.” The town 15 not unlike | visitor, Ruins of primitive windmills| ment désies to keep as many Sersons| $2,500 TO EXECUTE THREE are all that remain of a fleld of ma-|as possible on the island. ——— chinery. Walls of brick brou Jamaica and Port Royal after our directions, but the |earthquake of 1693 still stand. ‘The official staff of the island, which houses, private mansions and shops are | still struggles to keep a place in the , consists of a commissioner, a lg‘overnmet'ln_t. m‘e‘?ée:d olmoer l:m‘l‘twn ':o- icemen. To Vi e lost city of yester- - day requires an ocean passage of nearly | of Wales is to yive a dinner two days | confidence in the electric power supply 500 miles, and one can find a boat|before Armisticg day to holders of the |of the new county jail has led the going toward Inagua about once in siX | yictoria Cross. ;v deserted mining camp in the far grass-grown, Blocks of Most of the buildings [ world, In the salt salina, where thousan s | trom the colonial secretary at Nassau.| COOK COUNTY SETS ASIDE thew Town, | of tons of salt were produced daily, m No one seems to kn:h';‘why this e ;'-.'23 m};mxgu}“u:.e the mlla:ti: of the in-| goard Appropriates Fund to Insure escape the world outside. Sufficient Current for Elec- trocutions. By the Assoclated Press. CHICAGO, October 4.—Lack of Wales to Entertain. LONDON, October 4 (#).—The Prince wishes to meet them | county board to approve the expendi- dilapidated structure,| Any resident of Inagua wishing to|8ll. Five hundred who received the|ture of $2,500 to make sure there is and faded hangings. |leave must obtain written permission decoration sre living in Great Britain. sufficient current available October 11 for the execution of three colored murderers. Failure of the jail's light supply recently caused officials to fear that the present arrangements would be inadequate. The three to be executed, Leonard Brown, Leon Shadlow and T. F. Pisher, killed a bank guard during a bank robbery last January. i e i Another Version. From the Woman's Home Companion. It women can’t get along with one man and make him comfortable and happy, how can they expect to get along with sixty million men in politics? Saturday to Youth! And the Young Modern Chooses . . . Notable Coats Show Flat Fur Trimming The Jelleff Shops dedicated to youth fea- ture black extensively—and when our Young Modern selects it as the “leit motif” of her wardrobe it gains added smartness. Youth is pleased to choose Black and assunre a smart sophistication. And Jelleff’s is pleased to help her—by presenting the very newest and smartest fashions for her delectation for . . . Youth Must Be Served! We sketch three representatives of the newer Mode in Black The frock is Patou’s new Tunic theme developed in Crepe and showing buttons and wide belt of Galyak . .. The neck scarf is Aqua Blue . . . $39.50. The coat is of Black Cressella Cloth, the geometric seaming testifying to the influence of Drecoll-Beer. And the Fur is the aristocratic Persian Lamb . . . $165. The suit shows Imported Black Tweed with tuxedo collar of black Caracul. Dressmaker blouse of Eggshell Satin which also lines the coat . . . $145. Charming Frocks Stress Flat Fur Importance Also in Women’s Sizes Smart Black Furs Also Distinguish Costumes Fashion’s flair for the three piece Costume expresses itself in Jelleff Suits which also show the charm of flat fur collars or bor- ders. Three quarter or hip length satin New Crepes from the Paris houses devise ingenious treatments for Galyak, Calf and Ermine. The tailored models find fur emphasizes their severity and the more heels. The oxfords in black or brown . . . Wales ties in brown and two-toned elk. Those soft admirable Kashmir fabrics take the smart flat black furs for tireir collars and cuffs and attain inimitable chic . . . Persian lamb, Krimmer and Caracul T. D. Yensen, then a young graduate of the University of Illinois, it inspired an 1_“;muisual career.“n r in commenting on this thesis his teacher, Dr. Ernest J. Baerz.wpro- fessor of electrical engineering, re- marked: “Little is known about magnetic metals. Why don’t you make that re- search your lifework?” Yensen accepted his teacher's sug- gestion. Now head of the magnetic section of the research laboratories of the Westinghouse Electric & Manu- facturing Co., his work is credited with saving millions of dollars yearly to American manufacturers. “Say It With Flowers” Wedding Flowers HATEVER the floral require- ments of the Fall wedding, utmost sat- Isfaction will result when we do the dec- eorating. No obligation fol- lows requests for sug- 525:.900 14th St-.u S| Member Florist Telegraph Service 1339 F Street, N. W, Silk Stockings —represent the same in- comy ln\nlucls:'l]‘o ity fashioned fons and silk service weaves in_correct color tones for all leathers and fabrics. $1.15 $1.35 $1.65 Novel Jewelry t 53 Lovely new styles and colors in chokers, fes- toons, pen- dants, ear- rings, strands and brace- lets. Also pearls* and a few rhinestone bracelets. *Simulated. Jewelry Shop—Street Floor Silk Negligees $16.50 Of crepe de chine — lined with albatross —side drape— In rose, French Blue, Peach and American Beauty. Grey Shops— Second Floor Under- garments Very specially priced 33;95 were .J'7.00‘ % Dainty under- things, tailored or with lace, appli- que, or net trim- mings. Dance sets, chemises, step - ins, gowns, petti- coats, slips. Flesh, nile green, egg- shell. Grey Shops Second Floor Shoe Shop—Street Floor French Gloves $2 95 By Perrin of Paris Special shipment from France of 1,200 pairs of Perrin’s fine quality kid gloves . . . modern- istic designs . . . 3 new cuff fash- ions . . . scalloped, pointed, ap- pliqued. Shades to match the Autumn hosiery. Glove Shop—Street Floor Miss Venn Returns For Saturday Afternoon Only—from 1 to 5 —that professional women and others who did not have the privilege of seeing and consulting her on Thursday. In honor of her visit we con- tinue discount on all 20 % her beauty preparations Regular price after Saturday Vagabond Sash for Junior Figures Made of crepe de chine with knit elastic sides and garters. Sizes 26 to 32 $2 For the slightly larger figure— Vagabond girdles of flesh brocade ;vitll:h bones i:ll iaphragm an hips. Sizes 29 to 34. $5 Grey Shop— Second -Floor pointing the way. $98.50 to $195 Misses’ Sizes 14 to 18 Misses® Coat Shop—Third Floor Ending Quite the most perfect collection of fine French coats from Paris designers—importa- tions and our copies—beautiful pelts, ex- furs we could gather for you. quisitely manipulated. The Young, Young Lady. . Mimics her elder sister and chooses Black and Jelleff seconds the choice for Black on the very young has an appealing quality formal ones claim added elegance. $39.50 to $59.50 Sizes 14 to 20 Missess’ Dress Shop—Third Floor the Fur Exhibition and Sale We suggest you select yours now and reserve your choice—savings are gen- uine—the prices are less than they will be later. Fur Salon—Fourth Floor not at all at variance with slender years— Special Coats $59.50 to $165 Kashmir clotbes with black furs flared and straight—the new silhou- ette, of course—-no longer is smartness restricted to Big sisters. Sketched: Black Norma cloth with huge collar, deep cuffs—border of car- acul—the flared mode— $98.50. ) Juniors® Coat Shop— Third Floor Crepe Frocks Embodying all the new fashion ideas, long skirts, high waistline--tuckings, shirrings— From $16.50 Sketched: Lucille Paray'’s short-sleeved aftermoon frock—note the cunming bows, the high waistline, the lace collar—$49.50. Junior' Misses' sizes 11 togl9 Junior Frock Shop— Third Floor For we've been showing them Gold Stripe Hose need not introduce three individual lengths lined coats with matching satin blouses. From $98.50 to $145 Misses’ Sizes 14 to 20 Women’s Sizes 36 to 42 Suit Shop—Third Floor New Blouses $5.90 ' Extra fine qual- ity . . . excep- tionally well made. Crepe de chine sleeveless styles, tai- lored or feminine. White, tan, eggshell, capucine. Sizes 34 to 42 Neckwear Shop— Fourth Floor a long time in correct leg langths that will fit both leg and foot ... $7 95 puir 3 pairs for ed chiffon, silk bows . . - from top to toe. In all the smart Autumn shades F Street Shop ... also 1013 Connecticut Ave. in our Golflex-Gold Stripe Shop the well known Gotham Gold . Stripe full-fashion- Satin Neckwear Satin collar and cuff sets—scal- loped or tai- lored. White and edgshell. $1.95 to $3 vestees . . . some with Chanel's others pleated or frilled. White only. $3.00 Neckwear Shop— Street Floor Umbrellas [ Sa';e $5 Straight, crook or dog handles. Excel- lent k, 16-rib umbrellas . . . plat- inum or gold-metal frames. New plain shades or smart all- over designs. Umbrella Shop— Street Floor