Evening Star Newspaper, February 12, 1930, Page 10

A—10 “LITTLE CABINET" PAY RAISE URGED House Body Told Assistant Secretaries, Worth $12,000, Get $7,500. The high cost of social prestige in Washington was aired yesterday be- fore the House expenditures commit- tee when the assistant secretaries, who are termed the “little cabinet,” testified in their own behalf in favor of pending salary-increase legisiation and were backed in their stand by members of President Hoover's cabinet. All were agreed the sums of from 87,500 to $9.000 now paid these of- ficials were far less than they could command in commercial fields. Under the bill urged by them the solicitor general, undersecretaries of the Treas- ury and State Departments, and the budget director woulg receive $12.000 8 year, while other assistant secre- taries would be paid $10,000. Social Scale Prohibitive. Secretary Lamont, when asked if a man without independent means could live in Washington on the social scale required by a “little cabinet” pesition on the salary paid by the Government, replied: “From my own experience I would hate to try it.” “Then a poor man could not hold the job even if he was qualified and capable?” Representative Swing, Re- publican, California, asked. “I don’t think so,” Lamont replied. He added Dr. Julius Klein, Assistant Secretary of Commerce, had received no raise when promoted from director of foreign commerce, but had been of- fered four times as much selary by outside industrial organizations. Secretary Wilbur said: “The second-s‘ring men under the cabinet officers run the departments, yet they have no guarantee of jobs be- yond one administration. We are in competition with the commercigl world, where men of administrative ability are being sought constantly.” Ogden Mills, Undersecretary of the Treasury, added: “If the undersecretary is mot worth 812,000 a year, he is worth nothing.” Ambassadors Represented. Acting Secretary Cotton of the State Department urged the provision of al- lowances to Ambassadors and Ministers which would enable them to fulfill social ohligations of the American Govern- ment without relying upon their per- sonal finances. Solicitor General Charles Evans Hughes, jr., told the,committee it was difficult to obtain assistant attorneys general because of poor pay. DOWD APPEARANCE HERE HINGES ON CHICAGO CASE Beoker Expects Subpoena in Drey- fus Inquiry Will Be Served on Him Friday. By the Assocated Press. CHICAGO, February 12.—Pending Settlement of charges against him here, James E. Dowd, former head of & local brokerage house, will not go to n to testify at a reopened in- vestigation of the death of Mrs. Aurelia Fis| Dreyfus, killed in a fall from % b;llclony of a Washington yacht club Attorney Arnold Harris, counsel for Dowd, said last night that his client Wahington, - ot they. rpecied 3 n, hey expec a might be served when Dowd Last Windjammer Wrécked. With the wreck recently of the four- masted barque Garthpool off the west coast of Africa, the British windjam- mer ceased to be, for the Garthpool was last of those once-famous vessels. Sunday, February 16 Special Through Train Direct to Pennsylvania Station, 7th Avenue and 32d Street % 12:05 a.m. L. Washington sz v. Baltimore ( Sta') 1:05 a.m. Betarning, leave New York 5:10 p.m., erminal 5:00 Hudson 8! .m.,” Newark OMarker Sireet) 832 p o Never Similar excursions March 2, April 13. ALL STEEL EQUIPMENT Pennsylvania Railroad J¢ your skin is naturally lovely, zou want to keep it so and there no safer, easier method than the Resinol way. The daily use of Resinol Soap gives thorough but gentle cleansing, leaving the skin refreshed, radiant and soft to the touch. A bit of Resinol Ointment if needed for an occasional pim- le completes the treatment used thousands in the care of their FREE Sample of each, h for 12 --d-d.-D' t. 9‘!,’5‘-:&.-,’!"‘:. Resinol FINANCIAL. l { MATHIAS THREE NEW ORLEANS TROLLEYS BOMBED Attacks on Street Cars More Than 65 Since Strike Last Summer. By the Associated Press NEW ORLEANS, Fcbrua street cars were dynamit night in a renewal of bombi out of a strike of tran ployes last Summer. a woman pas: arrests have been mu The explosions br 65 the number of t namited since the beginning of d es be- tween street car employes and “jitnes operators. It was the first time as many as three cars had been bombed in one night. The first two cars were dynamited as they passed each other. The third was bombed while an investigation of the first explosion was being made. A policeman who saw the first blast said he had observed no one on the car tracks previousl: LAWYER CALLS ARTIST MONSTER LOVE-MAKER Daneer’s $30,000 Suit for Breach of Pre-Nuptial Contract Goes ‘ cne person injured. No to more than to Jury. By the Assoctated Press. LOS ANGELES, Februajy 12— Dolares Salazar’s suit against Ferdirand | Pinney (Affinity) Earle, artist, for $30.- | 000 damages for alleged breach of 3| pre-nuptial contract, will go to the jury ‘ tomorrow. | Roger Marchettl, attorney for Miss | Salazar, in his closing argument brand- ed Earle as “a monster love-maker.” ‘William S. Ogden, Earle’s attorney, declared the Spanish dancer had with- drewn from any contract she had with Earle when of her own accord she left the hotel where they were staying in Paris, France. Miss Salazar had_ testified Earle | ejected her from the Paris hotel. Few Grizzlies in the West. On the authority of the State game ol er of Colorado, the once great tribe of grizzly bears has been reduced to six or eight in the entire State. There are so few of them left THE - EVENING STAR, WASHINGTO | {MATHIAS E. FAGAN,; 72, | I | 1 \ I [ CIVIL EMPLOYE, DIES Was Fromirent in Governmental Work at Department of Agriculture. Malhias’ E. Fagan, who had held sev- cral positions of importance with the Government, died at his home, 1440 V street, last night, after a long illness. He was 72 years old. Mr. Fagan was an expert accountant {and his last work for the Government was as that of special administrative and disbursing agent, attached to the Department of Agriculture. The latter work was carried on in 1928 and 1929. _ He also served as secretary to the late Representative Benjamin T. Cable, who rved in the Fifty-second Congress, 1391 and 1892. Prior to then he erved as sacretary entative Goorge R. Davis, member of th, Forty-sevenih and Congresses. is survived by his widow, Harriet Chapman Fagan; a_son, corge M. Fagan of Atlanta, Ga.; three daughters, Miss Gertrude L. Fagan of New York, Mrs. J. J. De Gryce of Can- ada and Mrs. Charles A. Clements, jr., of Silver Spring, M4, and by three grandchildren. | _ Funeral services will be conducted at St. Paul's Catholic Church, Fifteenth and V streets, tomorrow morning at 9 | o'clock. Interment will bs in Mount iouvec Cemetery. RACE RIOT THREAT RISES IN ELOPEMENT OF PAIR Girl Marries Filipino Against Father's Wishes, Bring- ing Trade Boycott. By the Associated Press, STOCKTON, Calif,, February 12— Elopement of an American-born_Japa- nese girl and a Filipino youth has brought a new worry to authorities in- ves recent race Ti here be- tween Filipinos and whites The couple, Alice Swiki, 18, and | Pelixberto S. Tapia, 23, married against | the wishes of the ggs= father and as a result, police say, Filipinos have de- clared a strict boycott of Japanese mer- | chants and Japanese are preparing to retaliate in kind. In the recent racial troubles a Filipino club hoyse was bombed and white riot- ers beat several Filipinos. o Japanese Don't make others innocent victims that they can hardly be considered a source of danger. 2272% H, 7 S 7 ) w0 6% to all s Far duc W, TYLES include oxfo blucher oxfords and a hif'h shoes. calf, vici kid, Scotch grain other leathers—for dress, wear. tomorrow. Z% TARTING tomorrow morning; at our three Men’s Shops—and offering these fine Bar- gain Pickin’s for Men who are thrifty-minded: 450 pairs fine “Sample” shees—being manufacturer’s excellent $10 values. Spring display 8B only. —beuzht much under-price. rds, few Tan and black and busi- ness, sports or heavy service All, great values—that should bring you here early Tth Stop contagious think of your own health. No one can tell to. Take steps to stop any cold immediately. The dependable thing is Hi CASCARA-QUININE. These famous tablets break up a cold in one day be. cause they do_the four necessary things in one. 1—Stop tl ld. 2—Check the fever. 3—Open the bowels. 4— Tone the A tion a cold requires. Ask for the RED BOX. Al HILL'S CASCARA - QUININE Wall Street Briefs By the Associated Press. Buying of copper was reported today |as being in somewhat better volume than a fow weeks agv. Indications are, it was said, that buying will increase on domestic account for the remainder of the month, with sales volume develop- | ing possibly in March. Plans for the simplification of the | corporate structure of the Common- wealth & Southern System, large public | utllity holding organization, were given their first formal approval today when stockholders of several of the constit- | uent companies, namely, the Common- wealth & Southern Corporation, Allied | Power & Light Corporation and the Penn-Ohio Edison Co., assented to con- d'snliflamn of those companies with the to the late Repic-! Commonvwealth Power Corporation and the Southeastern Power & Light Co. The next step will be to obtain ap- proval of the stockholders of the Com- monwealth Power Corporation and the Southeastern Power & Light , Which cempanies are incorporated in Maine, and which will hold meetings for this purpose later in the week. The Interpational Standard Electric Corporation, manufacturing subsidiary of the International Telephone & Tele- graph Corporation, has purchased con- trol of the Oesterreichischen Telephon- fabrik Aktiengesellschaft, Vormals J. Berliner of Vienna and of the H. Tele- phonfabrik Berliner Aktiengeselischaft of Berlin. The former company manu- factures telephone apparatus primarily for the Austrian government and the | latter equipment for the German gov- ernment telephone administration. | zenith Radio Corporation today re- | ported net profits for January of $57,502, as compared with a loss or $27,273 for January a year ago. Paul B. Klugh, vice president and general manager, said that January, 1930, showed the | largest month's business in the .com- | pany’s history. | Montgomery Ward & Co. today re- | portad that sales of its ready-cut homes | in January, 1930, had wcreased 25 per cent over January of last year. Production of Stinson Aircraft Cor- poration, a subsidiary of the Cord Co. of Chicago, is rapidly approaching ca- pacity, officials announced today. The building schedule calls for 300 airplanes during the first four months of 1930. Ten planes a week are being produced. Orders have been placed for engines, parts and instruments total: more than $1,500,000. i — OLD of your cold germs! At the sam= time, | what a “small” cold will dmlolt ]i-n- 'S tem. That's the complet ey e complete ac. Open at 8 AM. tomorrow, starting this big event 2 samples— But “Sample” 500 pairs 86 and 37 shoes . . . these in s=part of a leading factory’s overpro- 625 pairs of our own famous_ “Hahn Spe- cial” Shoes—closing out styles to be discon- tinued for Spring. “Man’s Shop” 14th at G & K Sts.~—3212 14th 77 D. C, BANKING FIRM SILENT ON STEEL FIRM REPORT By the Associated Press. NEW YORK, February 12.—Officials of Otis & Co. today declined to make any formal statement regarding the denial of William V. Coverdale that contro! of the Guif States Steel Co. of Birmingham, Ala., of which he is pres- ident, had been acquired by the Cyrus S. Eaton interests. Mr. Eaton is a senior partner in Otis & Co., New York and Cleveland investment bankers. From sources close to Otis & Co., however, it was learned that the firm had been quietly accumulating Gulf States stock in the open market and had acquired an irderest which, with that “of their associates, said to be Southern bankers, would give them working control of the Gulf States company. Mr. Coverdale’s stock in- terest in Gulf States is sald to be relatively small, but his firm, Coverdale & Colpitts, has a management contract to operate the Gulf States company. So far, it was learned, the Eaton in terests have not asked for reprcsenta tion on the Gulf States board, and it is not known how many, if any, of the present directors are in sympathy with their plan to include the Guif States company in the New Republic Steel combine. Mr. Coverdale, in a statement at Birmingham last night, pointed out that’ the by-laws of the company pro- vided for the election of only three new directors each year, adding that it would take at least three years for a new board to transfer control. P By the Associated Press. for machinery and machine tools are increasing steadily in all sections of the country, according to the American Machinist, which adds that advices re- ceived from the principal market cen- ters in the past week indicated general :imn'rovemcm in the machine tool in- ustry. Capacity operation is rapidly being approached by the Stinson Aircratt Co., a subsidiary of the Cord Corporation, it was reported today. The company is now producing 10 planss a week. A special meeting of the stockholders of the Prophylactic Brush Co. of Flor- ;x;:‘e_,, %.::' l::.! be';ln called for Feb- vote on the proposed with the Lambert Co.m Rt First Mortgage Loans Lowest Rates of Interest and Commission JAMES Y, PENNEBAKER Nat.5291 1520K St.N.W. com. stoc] COURTLAND NIXON, 1518 K St. N 1926 sirous of participating in the po- tential possibilities of a new financial institution whose busi- ness is that of the fourth largest industry in this country. All products are covered by several U. S. and foreign patents. Re- plies confidential. Address Box 228-S, Star Office. Homes, Apartme Organized 1879 JOHN JOY EDSON, President Assets ...........0....95,662,540.55 If You Want to Progress Financi- ally—SAVE The most successful method of saving is to adopt a systematic plan. - Join the Equita- ble and save as you earn. FIVE NEW YORK, February 12.—Orders | Thomas J. Fisher & ‘Company, Inc. | | Investment Securities | Bond yielding 5.85 entirely convertible into | Consult Us Regarding Your Maturing Mortgage. LONG-TERM REAL ESTATE, LOANS WE MAKE FIRST MORTGAGES ON and Business Properties District of Columbia and Nearby Maryland and Virginia RANDALL H. HAGNER & COMPANY, INC. 1321 Connecticut Avenue Mortgage Loan Correspondent New York Life Insurance Company Equitable Co-operative Bldg. Ass'n LOANS REAL ESTATE We invite * applications for loans on improved property in the Cjty of Washington. Low Interest Rates MERICAN SECURIT 15th and Penna. Ave. N.W. CONVENIENT WEDNESDAY, FEBRUARY 12, 1930. Kreuger & Toll Both stocks and bonds are listed and dealt in actively on the New York Stock Exchange aithough in different depart- ments of that exchange. There are, however, one or two securities which it is difficult to classify. They partake of the nature of both stocks and bonds. (One of these is an international issue, known as Kreuger & Toll American certificates representing participating debentures. This particular security is treated as a stock in that it is quoted | in the stock table, but primarily it is a bond. The corporation which is an invest- ment and finrncing organization inter- ested in mateh and building industries, including the Swedish Match Co. and,| International Match Corporation, with headquarters at Stockholm, Sweden, has | outstanding an issue of participating debentures. These debentures are senior | to the ordinary stock, which is of two | lacses. Like bonds, which they are,! they come in coupon form and they pay | | interest, not dividends, at the rate of |5 per cent annually. But_here is the departure frem the, | typical bond: these debentures arc en- [titled to additional interest at the rate of 1 per cent for each 1 per cent by which the dividend paid or declared on the ordinary shares in any fiscal year exceeds 5 per cent. If the dividend on the ordinary shares is 6 per cent, the bond pays 6 per cent. If the dividend is, as at present 25 per cent, the inter- est is 25 per cent. Note also that these debentures, unlike most bonds, have no maturity date al- though they are redeemable. In this respect they resemble preferred stocks. Now, the participating debentures themselves are not traded in on this side. The quotation represents the price of the “American certificates,” against which the original bonds have been de- posited with the American bankers for the corporation. cal situation is somewhat involved, the security itself as it is bought and sold in the United States gives investors and | speculators opportunity to interest them- selves in one of the greatest industrial and financial enterprises outside of America. ‘There are about 520 muscles that have | Loddu with the moving of the human ody. Wm. Gordozl Buchanan Councilor & Buchanan a ie A Certifieg Publie Accountants National 6110-6111-6213 (Telephone Directory Omission) Money to Loan firs! Joseph 1. Weller First Trust Money Available JAMES F. SHEA 643 Louisiana Ave. N.W. ENTERPRISE SERIAL BUILDING ASSOCIATION 7th St. & La. Ave. NW. 63rd Issue of Stock Now Open for Subscription Shares of Stock, $1.00 Each Payable Monthly lames E. Connelly James F. Shea 4 President Secretary the Decatur 3600 50th YEAR COMPLETED WALTER S. PRATT, Jr., Secretary » Although the techni- ' Surplus & Profits......$1,705,130.78 Subscription for the 98th Issue of Stock Being Received 915 F St. N.W. _———— OFFICES FINANCIAL, {U. S. IS AGREEABLE TO TARIFF TRUCE American Observer Fromised at League Conference Open- ing Monday. By the Associated Press. GENEVA, February 12—The Amer- ican Government notified the League of Nations secretariat through the Bern legation yesterday that the United States would not participate in the in- ternational conference for a tariff truce beginning at Geneva February 17, but would have an observer present. Edwin C. Wilson, first secretary of the American embassy in Faris, will attend this diplomatic gathering “with a view to obtaining information re- garding developments of the confer- ence.” This conference will seek an agre ment whereby states engage not to in- crease the levels of existing tariffs or cieate new customs duties during a period of two to three years. The Assembly’s resolution of last September recommended ‘“establishment, if neces- sary, of a program of subsequent nego- tiations for facilitating economic re! tions by all practicable means and gec&uly by reducing hindrances to rade.” ‘While League authorities were dissap- pointed that the United States would not participate, they were pleased that the American Government would at least keep in touch through an ob- server. More Than a Third of MARYLAND BOND ISSUE. BALTIMORE, February 12 (Special). —The State of Maryland is asking bids on an issue of $787,000 general cone struction 412 per cent bonds. This is the first financing the State has done since last June considerable com= ition from out-of-town as well as b?:;‘l banking groups is expected in the ng. An 1ssue of $4,280,000 State of Mary= land 4'2 per cent bonds was award- ed to a syndicate headed by Alexander Brown & Sons and Harris Forbes & Co., June 12, last. The high bid was 100,21 tmi”o‘l"l n approximately 4.45 T Secured by First Mortgages Safe—Conservative Make your savings 49 Veqrs’ and surplus funds work for yeu &t Fyporience in finaneing the highest inter- est rate consist- o financing ent with absoluts Ofes aRd. in the curities. Wm. H. Saunders Co. Inc. REALTORS Dist. 1015 1433 K a Century’s Experience ‘Let Us Carry the Burden Put the responsibility of the manage- ment of your properties—especially apart- ment houses — up to us, and sce what a relief it will be from incidental worry, and how profitable from return, the point of view of B. F. SAUL CO. National 2100 * * Service * 925 15th St. NW. * Management National Metropolitan Bank 1814—0ldest National Bank in District of Columb 1930 15th St., Opposite U. S. Treasury Lincoln’s Birthday February 12th —is a reminder that when this veteran bank began busi- ness, in 1814, Martyr- future the President was a boy of five. 3% on Savings A New Desk for the Modern Office WH EN you select a new desk for your office choose one that meets the needs of modern business. Select a smart, modernly-styled Standard Desk. These are the kind of desks you admire in the most elegant of- fices. So- handsome—richly fin- ished . . . neat and trim like the men who sit behind them There's a Standard Desk—just the style and size you desire—to give added fitness to your own office. As the exclusive Wach. ingten representatives of thesc modern desks we invite your in- spection. il _ . THE W.D. CAMPBELL COMPANY BUSINESS FURNITURE AND EQUIPMENT Decorators of Commercial Interiors 1018 15th St. N.W. 1506 L St. NW. FINANCING AT LOW COST First Mortgage Fu;1ds (three years or longer) 1 2 % LOAN Son residencesand business buildings, in District of Columbia and nearby Maryland suburbs . . . Ample funds, lower interest, prompt approvals, valuable prepayment privi- leges—and the competent counsel of over forty years’ experience in this field. * H.L. Rust Company 1001 152 Street National 8100 Loan Correspondent for *The Prudential’