Evening Star Newspaper, February 16, 1930, Page 77

4 HOME SALES PLAN WILL BF EXPANDED }k}illl,;grder House to Use ,000,000 in Financing A 1] S & New Building. A home-building plan, providing for the employment of $100,000,000 this year for financing dwellings for the small investor has been undertaken by Sears, Roebuck & Co., as an extension of its home-building department, ac- cording to an announcement by Gen. R. E. Wood, president of the mail-order concern. Prospective home builders owning sites Igle'cdwell\ngs will be able under | this new plan to obtain a mortgage up to 75 per cent of the total value of the property at 6 per cent®interest, 10 be paid off in monthly installments as low as $25 per month over a period of 15 years, it is stated. Home Owners Fewer, “The long-term monthly instaliment lan has been adopted by the automo- gfle. furniture and radio industries, for the sale of electrical and gas appliances and for many other conveniences,” Gen. ‘Wood pointed out. “But it has not been possible for families to build and own their homes under any similar partial- payment financing plan. In conse- quence, the number of individual home owners throughout the country has fallen off alarmingly since the World ‘War.” Under the Sears, Roebuck home financing plan the company will loan up to $3 for every single dollar in- vested by the buyer of the house and lot, with 15 years to pay, Gen. Wood ex- plained. ‘The mail-order house will be the actual builder of the houses so financed, acting as the general contractor, in many cases. Offices of the company's new home-building division have been established in 48 cities throughout the Middle West, in the East and along the Atlantic seaboard, it is reported by F. W. Kushel, Chicago, general manager of the division. It is planned to extend the activities to the South and West in the near future. Sales Total $350,000,000. ‘The concern has been active for some years in the sale of building materials or “ready-cut” houses which have been assembled by the owner. Over a period of 17 years, more than 49,000 such houses, having a value of approximately $350,000,000, have been sold, Kushel reports. The new plan of financing and construction would supplement the former method, he points out. ‘The company is not only organized and prepared to supply all material and equipment necessary for any archi- tectural style of brick, frame or stucco, costing from $2,000 to $25,000 in districts adjacent to the 48 cities having home-building division offices, but “we believe we can save owners from $500 to $2,500 on their home- building projects under our plan with 15 years to pay,” Mr. Kushel pre- dicted. Wholesale Market Butter—one-pound prints, 39a40%%; tub, 37'3a381;; store packed, 25a30. Eggs—Hennery, 43a45; current re- ceipts, 42a43. Poult.!z. alive—Turkeys, young, 33a35; old, 27a28; Spring chickens, large, 28a 3 28a30; broilers, 30a33; fowls, 35: roosters, 20; ed—Turkeys, young, ; old, Spring chickens, 35a 37; broilers, 35a36: Leghorns, 32; fowls, { 28; capons, 35a40; roosters, 22a23; ducks, 28a30; keats. 50260. Meats, fresh killed—Beef, 23a25, lamb, 23a25; veal, 28; pork loins, 28 fresh hams, 25: fresh shoulders, smoked hams, 25a27; smoked shoulders, 22; bacon, 25a26; lard, in bulk, 1212 in_packages, 13%5. Live stock—Calves, 15; lambs, 13. Fruit and Vegetable Review. Yesterday's daily market report on fruits and vegetables, compiled by the Market News Service, Bureau of Agri- cultural Economics, said (sales to job- bers, except where otherwise noted) : Apples—Supplies moderate; demand lerate, market steady. Barrels, Virginia, U. S. No. 1, 2); inches up, .50. Boxes, Washington, | extra fancy, medium to large sizes De- : licious, 4.00a4.25; extra fancy, mediunt to large sizes, Staymans, 3.00a3.25. some large sizes 2.75. Bushel baskets, Virginia, U. S. No, medium, sified, 25 inches up, Delicio 2.00 Cabbage—Supplies light: demand l light, market firm. New stock. Flor- 115-bushel hampers, pointed type, Old stock, New York, 100~ pound sacks, Danish type, 3.00a3.50. Celery—Supplies libes demand light, market slightly weaker: Florida, 10-inch crates, 3-4 dozen, mostly 3.00; few 3.25; 6-8 dozen, 2.50a2.75; 10 dozen, 2.25. Lettuce—Supplies moderate;: demand light, market dull; California, crates, Iceberg type, 4-5 dozen, 4.00a4.25; fair quality, 3.50: Arizona, crates, Iceberg type, ordinary quality, 5 dozen, 3.00a 3.25; 6 dozen, 2.00. Onjons—Supplies light: demand light, market steady; New York and Ohie 100-pound sacks, yellows, U. medium to large size, 2.25a2.50. Potatoes—Supplies moderate: demand moderate, market about steady: Maine, 150-pound sacks, Green Mountains, U. 8. No. 1, 4.65a4.75; 120-pound sack: ‘Green Mountains, U. 8. No. 1, 3.65a3.75 New York, 150-pound sacks, round whites, U. S. No. 1, 4.40a4.50. String beans—Supplies light; demand light, market steady; Florida, bushel hampers, green, ordinary quality and condition, 3.00a3.5 -bushel hampers, green, ordinary quality and condition, z'%’lfl’t sl lies light: d d nt—Supplies light: demane light market steady: Florida, pepper crates, fancy, 3.50a4.00; few high bush, 4.50. Cucumbers—Supplies light; demand slow, market dull; Indiana. 2-dozen crates, hothouse, fancy, 3.75a4.00; extra fancy. 4.25a4.50, mostly 4.25. Squash—Supplies light: demand light, market steady: few sales; Florida, pep- r crates, white, wrapped, 4.50a5.00, rge size as low as 4.00. ‘Tomatoes—Supplies very light; de- mand light, market steady; few sales; Florida, lug boxes, ripes and_turning, ‘wrapped, 6x6, 5.00a5.25 few 5.50; re- packed, unknown origin, threes, ripes, ‘wrapped, fancy count, choice eount, 2.50a3.00. Peppers — Supplies light: demand elow, market dull: Florida, T crates, fancy, 5.0086.00; choice. some fair condition, some very small sizes, 3.00a4.00. Peas—Supplies light; demand light, market steady; Mexico, 45-pound crates, 4.25, few 4.50. Carrots—Supplies moderate; demand moderate, market sicady; Texas, West- ern lettuce crates, bunched, 2.25a2.75, mostly 2.50a2.75. S. No. 0. Washington Ticker BY CLINTON COFFIN, Associated Press Financial Writer. Representative tax experts of the country assembled yesterday in Wash- gton at Secretary Mellon's invitation to consider ways and means of limit- ing International double taxation, Considering the tremendous total of in- vestment in foreign fields that Ameri- can citizens have made and the pros- pect that it will increase, the conference was told, it was a matter of growing importance that some method be de. vised for preventing the accruing in- terest and dividends from being taxed | twice, once in the country where the investment is made and again in the United States. Ogden Mills, Undersecretary of the Treasury, told the gathering that the principle’ favored by the American ad- ministration was that of “expmpting the yield of investment capital from taxa- tion in the country of investment and taxing it only in the country of resi- dence of the investor.” T. 8. Adams, whose expert service in the shaping of revenue measures has been obtained both by Congress and the Treasury for nearly 20 years, warned auditors that the problem was one of immense difficulty, but added there was every indication that foreign govern- ments were very willing to co-operate with the enterprise of preventing the double imposts. As the views of the assemblage finally crystallized, it was determined to recom- mend congressional action on the pend- ing proposal. The American law sug- gested will tender reciprocity to all for- eign countries, relieving investments of their nations in the United States from income taxation if, in turn, the foreign country will do the same for invest- ments within its borders by citizens of this country. There are some difficul- ties in the way of determining resi- dence of taxpayers, but the opinion gen- erally held was that the Treasury De- partment, if granted by Congress the right to make regulations supplemental to law in the matter, would be able to repress fraud and yet accomplish the law’s objectives. This plan will obviate any necessity for treaties or conventions between the United States and other nations spe- cifically dealing with double taxation. In a large number of instances foreign countries are anticipating increased financing and borrowing on the Ameri- can investment markets, and are ex- pected to welcome the opportunity for reclprocal treatment of income taxes that the American Congress will be asked to tender. Official optimism as to this international welcome for the scheme is based in part on experience with & similar scheme applied to mer- cantile marine profits a few years ago which is operating satisfactorily. By the establishment of a general practice among principal sea-freighting nations ship operators are taxed on shipping profits only in their own country, and are exempted from levies in the other countries which their ships may serve. Foreign Trade Figures. First figures of 1930 foreign trade of the United States became available last week, and for January disclosed a sharp shrinkage in dollar values of both exports and imports. Thus January exports of the country amount only to $417,000,000, or about $70,000,000 less TWO MAIN FACTORS IN JANUARY CREDIT Federal Reserve Board Sums Up Conditions During Present Year. ‘While post-holiday inflow of amounting to $470,000,000, principal factor m: credit in January, the considerable decrease in the de- mand for credit at commercial banks, Federal Reserve Board states in its monthly bulletin. 1 Memgr banks reduced their indebted- ness to Reserve banks to $400,000,000, lowest level in two years, Decrease Was noted especially in New York, where in the middle of January member banks were practically out of debt to the Re- serve bank for the first time since 1924. non-seasonal increase in “all other” loans, which amounted to $350,- 000,000, from mid-October to Novem- ber 20, and part of the subsequent de- crease, $900,000,000, from November 20 to January 22, apparently were connect- ed with developments in the security markets, the board states. Corporation News NEW YORK, February 15.—The fol- lowing is today's summary of important corporation news, prepared by Standard Statistics Co., Inc., New York, for the Associated Press: News Trend. Week end mercantile reviews note a gradual but general trend toward high levels. Price and production adjust- ments have not yet been completed, but the process is causing less unsettlement than had been looked for. Retail trade has been stimulated somewhat by the improved weather conditions. Whole- sale business showed little betterment, but sentiment appears more optimistic than earlier in the year. Bank clearings in leading cities of the country for the five days ended Feb- ruary 13 continued sharply below a year ago. Total clearings of $8,331,272,000 were 29.3 per cent below the like period of 1929. New York City clearing amounted to $5,448,000,000, a decline of 34.4 per cent from a ye \ Outstanding items in the day’s cor- poration news were declarations of in- itial dividends by De Forest, Crosley Radio and Russek’s Fifth Avenue, Inc., and announcement of an extra dividend by Curtis Publishing. ‘The Companies. American Laundry Machinery earned $5.44 on common zu!tmk in year 1929, inst $6.52 in 1928. “;urlnu Co. of America earned $1.42 on common stock In year 1929, against $1.07 in 1928. Briggs & Stratton Corporation earned $4.99 on comrlx:‘or;';t:ck in year 1929, against $3.36 . .(-mrus‘Puhllshlng declares extra divi- dend of 50. cents and regular quar- terly payment of 50 cents on common shares, currency, was the an in the same month last year, while January imports amount to $312,000,000, about $56,000,000 less than during the same period last year. However, as commodity experts af the commerce can demonstrate, this shrink- age in dollar value of the first month's international ~busingss does not mean that the shrinkage in quantities of goods moved is equivalent. There have been some marked price concessions affect- ing a number of important commodities since January, last sear, which marked- ly distort compariscns. On the import side raw rubber, sugar and coffee, items which bulk heavily in American normal supplies from abroad, are sell- ing at figures from 10 to 40 per cent under those of last year. On the export side of the schedule there is to be noted the same phenome- non as to raw cotton, which is the most important single raw commodity cus- tomarily shipped abroad from the United States Cotton prices have been under last year by m@ge than 10 per cent durln! g most of th: s ’In ll:;‘fl"hn. as to copper an at, fore! ir- chasing in the United States du‘;iu.n[ this Winter has been temporarily set back by differences between the price views of purchasers and producers., It is probable when the further detaiis of the January trade accounts are made available that it will beydemonstrated hat the exports of manufactureq goods from this country varied little, Banking Investigation. A number of representative Ameri- can bankers will be summoned before the House banking committee next month, if present plans are carried through, to express their views on pos- sible transformations, statutory and otherwise, field. This is the tentative plan of congressional members, which will be more completely formulated after the committee goes into executive session on_the proposals next Tuesday. Chairman MacFadden and the bank- ing committee, by vote of the Hous have been authorized to carry an in- quiry into all the chain, branch and impending in the banking | $" De Forest Crosley Radio declares initial quarterly dividend of 20 cents on_common shares. Eisler Electric stockholders receive rights to purchase 25,000 shares com- mon stock at $14 a share in ratio of 1 share for each 11 shares held. Gulf States Steel rllm expenditures of over $17,000,000 for new mills and additions. Kroger Grocer & Baking earned $3.64 on common stock in year 1929, against $3.46 in 1928. La France Republic January ship- ments up 107 per cent from a year ago. Luxford Taxicab abandons 15 cents rate plan. Mathieson Alkali earned $3.31 on common stock in year 1929, against 3.26 in 1928. National Acme earned $4.20 on ‘com- mon stock in year 1929, against $2.41 in 1928. National Refining earned $3.12 on common stock in year 1929, against $2.81 in 19: Herman Nelson Corporation earned $4.02 on common s in year 1929, against $3.22 in 1928, Nevada Consolidated Copper earned $3.96 on common stock in year 1929, against $3.48 in 1928. New York Central requests authority to acquire and operate Ulster & Dela- ware Railroad. North American Co. 1929 electric out- put increased 11 per cent over 1928. Otis Elevator receives $2,900,000 ele- vator contract from Starrett Bros. Pacific Gas & Electric earned $3.50 on common stock in year 1929, vs. $3.14 in 1928, based on average shares out- standing during year. Phillips Jones Corporation earned $3.45 on common stock in year 1929, vs. 4.05 in 1928. 2 Pittsburgh & West Virginia receives authorization of Interstate Commerce Commission to construct six-mile ex- tension from Connelsville branch lin Porto Rican American Tobacco de clares class A dividend of $1.75 on ac- count of accumulation and regular class A payment of $1.75. Remington Arms earned $2.63 on group banking developments and proj- ects in the country, with a view to determining legislation. Bills pending in the House express the widest pos- sible range of legislation that might treat the problem, since one or two of them propose to facilitate the exten- sion of chain and branch banks, while others flatly propose to outlaw or tax dut of existence gmuully all forms of association ing. With this ex- treme discrepancy of opinion existing in the matter, the committee intends to push an extensive search for views of banking leaders before considering action. Instaliment Selling. From fentative figures collected by the Government for 1929, the actual proportion of the country’s total auto- mobile output which is sold on install- ment may be smaller than sup . Compiled records of the 411 instaliment credit houses as to 1929 automobile sales showed that but 1815673 new machines were put out on time pay- ments during the period. American automobile production for the year was estimated at 5500,000 ears, and it has been thought that as much as 68 per cent of the machines were being mar- keted by installment. However, the attempt to collect the figures has been undertaken only re- cently, and the findings may be less ;:nmplebe than national statistics usual- y are. COTTON PRICES REACT. Early Advance Met by Offerings. Close Barely Steady. NEW YORK, Pebruary 15 (#).—An ning advance influenced by rel: vely firm Liverpool cables was fol lowed by partial reactions under week end realizing or liquidation in the cot- ton market today. After selling up to 16.16, May reacted to 16.07 and closed at 16.03, with the general market clos- ing barely steady at net advances of 3 to 7 points. Futures closed steady, 3 to 7 po! higher; March, 15.82; May, 16.08a16.09 July, 16.25a16. Octol o) ts—Supplies very light; no early | Deces sales reported. Cauliflower—Supplies liberal; demand light, market dull; California, pony crates, mostly around 1.50. Strawberries—Supplies very light: demand light, market slightly stronger; Florida, pony refrigerators, Missionarys, 50a60 per quart. ‘Oranges—Supplies moderate: demand moderate, market steady; Florida, boxes, No. 1, medium size, 4.0024.50; large size discounted, 50a75 per California boxes, No. 1, medium size. 6.0026.50; size discounted, 75a1.50 per box. rapefruit—Supplies moderate; de- mand Nght, nm;‘nt ':'lmmy ‘weak orids, boxes, No. ‘medium size, size, 3.0003.50, _ May, cember, R SILVER QUOTATIONS. NEW YORK, February 15 ().—Bar silver, 43%; Mexican dollar, 32%. While unemployment #a Denmark is it is algibily more than half ikl tl:g;x;mon stock in year 1929, vs. $1.84 in Russek's Pifth Avenue, Inc., declares h(llfl:l dividend of 40 cents on common stock. Super Maid Corporation earned $8.12 on common stock in year 1929, vs. $8.14 in 1928, United States Gypsum earned $3.98 on common stock in year 1929, vs, $7.22 in 1928. Westinghouse Electric & Manufactur- ing 1929 sales billed about 15 per cent larger year previous, Corporation News NEW YORK, February 15.—Following ‘;o l_t-odny'a summary of almportant cor- N news, prepared by Standard Statistics Co., Inc., New Yoyrk, for the Associated Presa: The Industries. Automobile.—During 1929 a total of 3,441,629 automobiles, requiring ad- vances of $1,586,819,550, were financed by 441 organizations. Of these m: chines, 1,815,673 were new and 1,543,79! were used. Advances for the former amounted to $1,082.645,393 and for the l’,t,l:; $468,135,273; balance was unclas- sified. Lead.—Stocks on hand January 31 aggregated 56,665 tons, against 61,675 tons on December 31, Domestic ship- ments of lead for the month totaled 63,214 tons, against 64,133 in December. Rubber.—January imports are esti- mated at 47462. Consumption for the month totaled 36,669 tons, against 23,- 531 tons in December and 42,002 tons in January, 1929. Stocks at the end of January increased to 120,649 tons, against 105,137 tons on December 31, 1929, and 76,342 tons a year ago. Sugar—Lamborn & Co. estimates world production of sugar for 1929-30 at 27,252,000 tons, a decrease of 2.9 per cent from the previous year. Con- sumption for 1929-30 crop season is es-! timated at 27,837,000 tons, an increase f 3.2 per genc over preceding year. ‘The Companies. American Safety Razor to introduce new razor in about six months, Calumet & Hecla Consolidated Copper earned $2.66 on common stock in year 1929, against $1.55 in 1928, Congress Cigar earned $8.23 on com- mon stock in year 1920, against $8.53 in 1928. Courtaulds, Ltd., earned 34 cents on common stock in year 1929, against 78 cents in 1928, Evans Auto Loading estimated 1929 earnings as $3.25 per common stock, against $3.80 in 1928. Porto Rican-American Tobacco earned The American Legion. Meetings This Week. o 1} m E stello _Post, e Rom, Dieiricy Bund: . 18- Vcn? B costelio Auxil: tary, " District Buiding, 8 rtment mem b e r ship committee, board room, Dis- rict Building. 7 . 30—Stephen P. McGroarty Post, District Building, 8 p.m. . 31—Lafayette Post. So Sailors and Marines 1015 L sireet northwest, 8 Washington Post, pilgrimage to Mount Vernon to place wreath on Tomb of Washington, 10 a.m.. Mount Vernon Electric Railway sta- tion. Twelfth and Pennsyl- vania avenue northwest. Of interest to members of the Ameri- can Legion and Gold Star Mothers was the passage by the House and Senate last week of the bill appropriating the sum of $5,386,367 to carry out the pro- Visions of the Gold Star pilgrimage (0 France available until December 3!, 1933. This will permit the mothers and widows of those who paid the supreme sacrifice on the battleflelds of France to visit their graves at the expense of the United States Government. The act of Congress which authorized the pilgrimage of mothers and widows to the cemeteries of Europe, according to the War Department, provides that invitations shall be extended to all eli- gible mothers and widows in the name of the United States. In considering how this should be done the War De- partment decided that the fairest way would be to have the names of ail States, ~Territories and poskessions placed in a container and drawn by Iot. According to Department Comdr, L. E. Atkins, thousands of dollars remain unpaid to World War veterans whose claims for service connected disabili- ties were once disallowed, but which have since been affected by the enact- ment of new laws or the liberalization of old once through efforts of the American Legion. “The method by which a veteran who has had a claim disallowed can have it reviewed, in the light of new devel?xmenls in legislation, has been stmfllm ed,” says Department Comdr. Atkins. “Among the veterans who seek to have clalms reopened are those whose claims have been disallowed, those who have received compensation but were dropped from the rolls when their disabilities were later classified as less than 10 per cent, those whose dis- abilitles have become worse and those ‘who did not know their disabilities were . pensable and who have never filled 5. “All that is necessary to reopen a claim with the United States Veterans' Bureau is for a veteran to obtain a statement from a physician that his condition has changed and then to re- quest a re-examination. The physician’s statement and the request for re-ex- amination should be taken to the post or department service officer. The Legion checks on the claim, sees that | it is properly presented and that it | contains the information necessary to | establish a claim. Veterans suffering | from non-service connected disabilities may be hospitalized when it is neces- ubll-y and when hospital beds are avail- able.” Past Department Comdr. Julius T.| Peyser will address the members of | Henry C. Spengler Auxiliary at its next meeting, to be held February 26 at the Thomas Circle Club, 1326 Massachu- setts avenue, Lincoln’s birthday celebration held last Tuesday evening in connection with the meeting of Victory Post, No. 4, was | well attended. A framed etching of | Lincoln was displayed above the post | commander's station and the hall was| appropriately decorated. Rice W.| Means, former Senator from Colorado, | made an address. Representative Paul J. Kvale of Minnesota was received as ' an honorary member. He expressed his appreciation, and spoke of the urgent need for additional veterans' legisla- tion, which. he assured the post, had his whole-hearted support. A petition asking that the title of Sec- retary of War be eliminated from the President's cabinet and the title of Sec- retary of the Army be established in its place has been forwarded to Congress from the national executive committee of the American Legion Auxiliary. The petition was passed by the committee in the form of a resolution. Following an appeal for aid in meet- ing the increasing rehabilitation work for the disabled veterans from O. L. Bodenhamer, national commander of the American Legion, tne national ex- ecutive committee of the auxiliary has voted to contribute 10 cents per mem- ber to the Legion's rehabilitation fund. Last year the auxiliary contributed $25,000, raised in a similar manner. The funds from the auxillary will be used to expand work of the legion's national rehabilitation committee here in aiding disabled veterans to establish claims for Government aid. An address stressing the salient fea- tures of the membership drive by the Senior Vice Commander of the depart- ment, Charles H. Knight, featured the meeting February 5 of the Sergt. Jasper Post, No. 13, the American Legion, held at the Thomas Circle Club, 1326 Massa- chusetts avenue, A meeting of the Sergeant Jasper Unit of the American Legion Auxiliary was held February 5 at the Y. W. C. A., Seventeenth and K streets. A Valen- tine party was held at the Red Cross District Chapter House, Seventeenth and D streets, last Friday evening, for the disabled veterans of the Naval and Walter Reed Hospitals. The officers of the Sergeant Jasper Post attended. A motion was adopted indorsing a resolution of the National Women's Council, which will meet this year at the Hague, for codification of interna- tional law, urging that there be no dis- tinction based on sex in the law prac- tice. A copy of this resolution will be forwarded to the President of the United States. The_regular monthly meeting of the U. 8. S. Jacob Jones Post, No. 2, Amer- ican Legion, was held at the Thomas Circle Club last Monday. A number of important matters were discussed including the possible conven- tion of the American Legion in the Dis- trict of Columbia in 1932, and the in- dorsement of the universal draft bill. Georgia Munroe gave a brief outline of her Americanism program for the com- ing year. The executive committee of James A. Deland Post gave a dinner at the Ma- drillon_Thursday evening in honor of Mrs. Winifred Corcoran, junior vice commander, and chairman of the post's ways and means rommittee. ‘The post has conipleted revision of its constiution and by-laws, which will be printed and ready for distribution in a short time. The new by-laws provide for a quartermaster and Miss Bertha McAfee has been appointed to this office. Military Order World War. Army day on April 6, the anniversary of America’s entry into the World Wa: will be celebrated by the various chap. ters of the Military Order of the World War. As the date falls on Sunday ar- rangements are being made to hold the observances April 5. Capt. John Parker Hill is general chairman of the Army day committee. Maj. Wallace Streater is chairman of the Army day committee in the District of Columbia. The following will serve as members of his committee: Col. Alonzo C. Gray, Col. J. M. Kenyon, Lieut. Col. R. P. Parrott, Lieut. Col. Charles G. Mortimer, Comdr. Radford Moses, Majs. W. W. Burns, Malcolm | $16.19 on class A stock in year 1929, inst $6.15 in 1928. Insull Utility Investments declared stock llvhd of 1% per cent on ke M oot A. Coles, John Cutter, Charles Demonet, Clayton B. Emig. Edwin F. ily, John J. Sims, Capts. J. P. Ferry, 3 L TS ARG S LUTREE-LANES, and Lieuts. No and .ve:!r; u‘:.n = rman Landreaux ercises will be held on the steps of the State, War and Navy Building. Rainbow Division. The District of Columbia Chapter, Rainbow (42d) Division Veterans, %Eld Yy meeting Wednesday night bow room of the Arlington Capt. Walker H. Colston, president of the chapter, presiding. Capt. Harvey L. Miller, department commander, Veterans of Foreign Wais; Harry Hooley, commander of Front ! Line Post, V. F. W., as well as othsr officers of this post, ‘were guests. Maj. M Manning Marcus, chairman of the “On to France” Club, reported being in receipt of a communication from the national president, in which it was requested that the local chapter be hosts for one day to the comrades making the trip to France, where the reunion will be held this year. Gen. Henri E. J. Gouraud, military governor of Paris, who visited this country last Summer as guest of the Rainbow Ve:- erans, has communicated with Col. John J. Mandarn, national president, report- ing that the Paris district will be pre- pared to receive the Rainbow as only l::‘:.‘! is capable of receiving and enter- ng. About 30 members of the local chap- ter have, signified their intentions ?;f attending this reunion, and it is ex- pected that many more will be aboard ;‘hxen the boat leaves New York City in uly. Veterans of Foreign Wars, MEETINGS THIS WEEK. Monday, Overseas Military Band, Station WRC, 10 p.m. ‘Wednesday, Overseas Military Band rehearsal, Grotto Hall. Wednesday, Ladies’ Auxiliary drill team, Hines Junior High School, Saturday, Overseas Military Band, Drum and Bugle Corps, mass colors, Alexandria, Va. Department Comdr. Harvey L. Mil- ler, District of Columbia department, Veterans of Foreign Wars, will speak tomorrow at 10:30 p.m. on “The Overseas Veteran and Suffrage,” over Station WRC and a national hook- up. This is the first of a series of similar talks in support of the pro- osed bill for national representation or the District of Columbia. same program the Overseas Military Band, under Lieut. Arthur E. Harper, will render a program of strictly Wash- ingtonian music. ‘The V. F. W. revue_held at the parish hall at Eighth and N streets Wednes- day was reported a success. A’two- hour program was presented. The Veterans of Foreign Wars was assisted by Deputy Department Chaplain Rev. Francis J. Hurney and by Jack Mul- lane, honorary member of Front Line Past Comdr. Oscar W. Hollingsworth, chairman of the 1930 annual buddy poppy_drive, has called the first meet- ing of that committee at the Soldiers, Sailors and Marines’ Club for next Fri- day evening. The Veterans of Foreign Wars, through Capt. Bettelheim, their legis- lative chairman in Washington, ap- peared before the House committee on pensions and urged the passage of H. R. 2652, the Spanish War pension bill that will grant a pension of $50 a month to all men who are 50 years of age and who are veterans of the Spanish-Ameri- can War, Philippine insurrection and Boxer rebellion, with rates graduating up for higher ages. Although all posts have not yet been heard from, Potomac Post is in the lead for the Gen. Anton Stephan Recruiting Cup, to be awarded to the post show- ing the largest percentage of gain in membership for ‘the period from No- vember 1, 1929, to January 31, 1930. Eli Booshada, on returns thus far received, is in the lead in the recruiting contest for the V. F. W. distinguished service medal to be awarded to the comrade bringing in the greatest number gf re- cruits for the period from November 1, 1929, to January 31, 1930. Comrade Booshada, overseas veteran of the naval aviation service, is also a member of Potomac Post. Both awards will be made at a dress parade and review of the Overseas Band and Drum and Bugle Corps, the definite award and date of presentation to be announced in the next department’gen- | eral order as soon as the required re- ports are received from all posts. The Stephan Cup and another V. F. W. distinguished service medal will again be awarded under the same con- ditlons to cover the period from Febru- ary 1 to May 30, 1930. ‘The major recruiting honor, the a: nual champlonship streamer to be ca ried for each year on the post colors of the wining post, will be awarded to the post showing the highest percentage of Increase from the 1929 encampment figures to the 1930 strength, Front Line Post met at the Winston Hotel last Monday evening, with many visitors from other posts and from the Front Line Ladies' Auxiliary present. Speakers of the evening were Repre- sentative Melvin J. Maas of Minnesota, Judge Robert E. Mattingly, honorary member of Front Line, and Capt. Bdwin S. Bettleheim, natfor legislative of- ficer. Midnight supper was served after the meeting. 1 ‘The regular meeting of Ladies’ Auxili- ary, National Capitol Post, No. 127, V. tional Capitol Post, No. 127, were vited, was given by Mrs. Rosalina Mo- rana. A buffet supper was served. The hostess, accompanied by Mrs. Marie Lincoln at the piano, rendered two num- bers in Itallan. The remainder of the evening was spent in various valentine games, The various ranks of the newly or- ganized 20th Marines are being filled. The 1st Battalion is to be commanded by Capt. Harvey L. Miller, District de- partment commander. The 2d Battalion will be In command of Capt. Melvin J. Maas, V. F. W., member of Congress from Minnesota. The 3d Battalion will be in command of Capt. Carleton Penn of Roanoke, Va. former commander of the V. F. W. Department of Virginia. The regimental band will be in com- mand of Lieut. Arthur E. Harper, who leads the V. F. W. Overseas Band, The regimental supply officer is Lieut. Paul Sullivan of Front Line Post, Past Department Comdr. Charles H, Rellly 1s expected to be either regimental com- missary officer or 1st Battalion supply officer. Lieut. Comdr. Don 8. Knowlton of Equality Walter Reed Post is the regimental surgeon. m’{:fl;gflmfler:hber; (;,trh the Overseas Band ed the a ‘noflgfi — Marines for duty er V. F. W. members who have joined the 20th Regiment for duty in the various service machine gun and rifie companies are John E. Fondahl, Herman W. Bell, Frank O. Brass, Luther I Bridges, Bennett Lancaster, Charles C. ll:gvll'll,d ?:’n !!‘. ,B‘unhe, Jfll’;l; b pold, Jol » Magnus, Fred L. Rawlinson, Alfonso A. Rector, Homer O. Tutt, Harry F. Volkman, Kenneth J. Zoeller and les A. Wright. Applica- tions for enlistment are bein daily at the offices of De Comdr. Miller. Physical examinations are conducted every Thursday evening by Lieut. Comdr. Knowlton. Young men between the ages of 18 and 35 are wanted, with or without previous mili- tary training. The regiment goes to camp at Quantico over the first two weeks in July. At the last regular meeting of. Equality Walter Reed Post, No. 284, Comdr. Nathan D. Golden ap On the | 1930—PART SIX, W. L. Thomas, chairman; J. H. Reed and T. A. Dwyer. Hospital committee— John D. Wischusen, chairman; L. B. Dunn, J. H. Reed and D. E. Campbell. Budget_committee—L. B. Dunn, chair- man: Earnest St. Jacques and Jay Contler. Membership—Arthur C. Fowle, chairman, and George Ryan. Resolu- tions committee—Dan E. Campbell, chairman; W. L. Thomas and James W. Boyer, jr. Publicity—Herbert O, Allen and Post Bugler H. B. Clarke. ‘W. L. Thomas and J. W. Boyer, jr., held an impromptu debate at the last meeting on the subject of whether the present system of compensation awards to disabled veterans should remain or should a general pension law be adopt- ed. Comrade Thomas, supporting the passing of an_immediate pension bill, and Comrade Boyer, while feeling that within the next year or two the general pension was inevitable, upheld the pres- ent compensation awards system. Both water. fasteners are uninjured. laundry unit. rinse in construction assures PRICE owning one of THIS high quality, wringer- less washer has an 1{:\::?;0;: spin- mechanism which removes al v d"clothps come out fluffy, with a mini- mum of wrinkles and all buttons, hooks and It is a complete home You can wash and blue at the same time in the porcelain tub—starch and the spinner chamber. Laundry problems are easily solved with the ABC SPINNER. It will do your washing in half the time required by any ordinary washer. The sturdy, all-porcelain finished long life. $165'm, $10 Down—The balance on electrie bills. SMALL DOWN PAYMENTS 12 & 18 Months to Pay Balance Electrical Headquarters is extending liberal terms to enable you to enjoy i these fine washers. ABC SPINNER or ABC PLAYMAYD in your home. h venient “pay on your electric bills” plan will pay the balance on the Spinner— 12 months on the Playmayd. A service which only Potomac Electric can offer. Sore throat cases are all around us. urge the utmost caution. neglected sore throat. made by crushing two tablets of Bayer Aspirin in four tablespoons of water. the inflamed area, and reduces the infection. Take these tablets to relieve any cold, headaches, neuralgic pain. If you get genuine Bayer Aspirin it is perfectly harmless. The tablets should bear the Bayer cross. ymrades are experts in handling :2::-;:' claims for bility compen- sation. Comrade Thomas seemed to have won the honors. The next meet- ing will be February 20, at Pythian Temple. BANK CLEARINGS. | | | YORK, February 15 (Special).— N Xork " bank clearings, today, | rings, ioday.| A conference of bank management ,000,000; a year ago, $1.969,000, T iR e DBk b “::3." York bank baiances. today, | © | Soul _ 5,000,000, | States will be held at Atlanta, Ga. “i':‘é:o o'ov%')rk 'pfi::.lmfiu‘elrz:ewgrm: March 25 and 26, under the joint balances, today, $157,000,000; & year| auspices of the commission on banking ago, $164,000,000. practices and clearing house functions TR | of the American Bankers' Association Chain Store Earnings. | ana the s‘y‘x“n‘?‘"“‘"' mgmlmk"( - . | Alabs s rida, y entucky, O e hparcs for January | Louistans, Missisipsl. Notin. Carelina, earnings of the chain store companies 'South Carolina and Tennessee. same period of 1928 of about 91; per cent. Only half a dozen out of nearly 60 different concerns had decreases. Most of the others showed large per- centages of gain, reflecting the addi- tion of new units since 1929, . Bank Management Conference. 1shuw an increase last month over the Laundry Problems Are EASILY SOLV ABC PLAYMAYD A WORTHY companion of the apinnl er laifléemm“ PLAYMAYD. Large capacity . . . fas - tor...porcelain tub...important features that make it one of the most popular of all electric ‘washers. ‘The PLAYMAYD is an all-purpose washer, especially designed to handle grease-soaked overalls or dainty lingerie with equal thorough- ness and care. The agitator sends the mp‘ water through every inch of the clothes an turns them out spotlessly clean after a few minutes’ washing. The PLAYMAYD is finished in beautiful two-color combination and sells at the record low price s”m of only.ccocercscnes . 10% Down Delivers It—12 Months to pay the balance A small down payment will place either the 18 months on the con- Phone National 8800 Sore Throats Health authorities The so-called “‘common sore throat” should be checked before the infection injures the nasal passages, or affects the hearing. Many cases of wvery serious illness have had their beginnings in a Physicians are advising a gargle This brings quick comfort to BAYER ASPIRIN Aspirin is the trade mark of Bayer Manufacture of Monoaceticacidester of Salicylicacid BAYER