Evening Star Newspaper, February 21, 1930, Page 12

A—12 MEMORIAL HONORS CHOLMELEY-JONES Bronze Tablet Is Unveiled in Foyer of Veterans’ Bureau by Twin Brother. n the presence of officials and em- ployes of the Veterans' Bureau, a me- morial tablet in bronze bas-relief, pay- ing tribute to the memory of the late | Col. Richard G. Cholmeley-Jones, former director of the War Risk Insurance Buréau, was unveiled with appropriate ceremonies late yesterday in the foyer of | the Veterans' Bureau, near the principal entrance. The tablet formally was presented by Senator Carter Glass of Virginia, who, as former Secretary of the Treasurdy, had appointed Col. Cholmeley-Jones to the post. With tears in his eyes, Sen- ator Glass paid high tribute to the sacrifice made by the former director, declaring that Col. Cholmeley-Jones had given his life for his country by his long, hard work as director of the bureau. The Senator paid tribute to the colonel's character, and to his at- tributes of fairness and justice. The_bronze, which carries a bust in bas-relief of Col. Cholmeley-Jones and a brief tribute to his service, was un- veiled by his twin brother, Roynon Cholmeley-Jones. and his nephew. Richard, son of Mr. and Mrs. Nigei Cholmeley-Jones, all of New York. Gen. Frank T. Hines, director of the Veterans' Bureau. which succeeded the Bureau of War Risk Insurance, accepted with appreciation the tablet on behalf of the Government,“and explained that the movement had been started by the late Col. E. Lester Jones, director of the Coast and Geodetic Survey, and carried out by the sponsorship of Equality Wal- ter Reed Post, Veterans of Foreign Wars. The commander of this post, D. E. Campbell, also spoke. Washington Ticker BY CLINTON COFFIN, Associated Press Pinancial Writer. Several meetings of the Farm Board have been held this week, while the | grain and cotton exchanges have been registering drastic price declines as to both these commodities without resalt- ing in any official announcement of action taken or contemplated to resist the trends. Nevertheless, there is in farm circles an impression strengthening with the passage of time that some early moves for the betterment of prices will be launched from the new special national corporations sponsored by the board to handle these commodities co-operative- 1y. This opinion is clung to among interested congressional members and others, even though Chairman Legge is refraining for the time being from answering specific questions on the subject. ‘There are two general grounds on which the hope for effective board ac- tion in resistance to the price declines ‘The first and most obvious is that the slump as to grain and cot- ton has forced the selling price of both commodities down to the point where the risk entailed in support operations begins to diminish—that is, May wheat, selling at $1.13 to $1.14 per bushel, Chicago, or 20 cents below the price prevailing last year, and spot cotton of contract grade selling at New York at just above 15 cents per pound, are alike in being under long-term average costs. Finally, the board’s funds apparently have not been seriously put into use in either commodity. Up to January 18, ‘when the latest full figures of its opera- tions were reported to a cougressional committee, the board, out of the $500.000,000 theoretically available for its functioning, had actually lent but $2500000 on wheat, and between $8,000,000 and $10,000,000 on cotton. Observers interested” consequently look to see a much greater application of the Federal stabilization funds in the markets for both these commodities than has yet been made. European buying positions are held primarily responsible by market experts TOLEDO OHIO DETROIT MICHIGAN Saturday, March 1 SPECIAL THROUGH TRAIN ve Was Inllfll" . B30 P, g ey “Toledo (Bummit Avenue 6:05 P.M. Tickling, difficult swallowing, and soreness, are usually re- lieved by the timely use of ‘Tonsiline, the exclusive sore throat remedy. Over 35 years of successful use proves Tonsiline safe and depend- able for young andold. Atall druggists, 35¢, 60c. Hospital size $1.00. W PReET Cream of Pennsylvania Petroleum. High fire tes gut body and small ca n content, less gasoline dilution. Nothing is than thorougl UTOCRAT—THE OIL THAT ¥ DIFFERENT FROM ALL OTHERS Beware of Substitutes. If your dealer can't supply you, telephone us, and we will tell you the dealer's name convenient- Iy located to you. Bayerson Oil Works ‘Columbia 5228 for the price condition affecting both cotton and wheat. More th 1t of all American cotton is consumed abroad, and while the proportion of American wheat so consumed is much smaller, the influence it has on price fluctua- tions is decisive. It is the paradox confronting the grain markets that | European taking of breadstuffs from | ‘Nonh America out of the 1929 erop | 18 200,000,000 bushels or more less than | normal this year. France is one of those countries to which expenditures of American tour- | ists and remittances from American | bankers are more important economical- | ly than the regularly studied exchanges of commodities between the two coun- tries. Dr. Julius Klein, Assistant Secre- tary of Commerce, worked out some concrete representations of the state of affairs today in the course of an address made to_the French Chamber of Commerce in New York City. For example, our purchases of mer- ! chandise from France in 1928 totaled nearly $159,000.000." Dr. Klein observed. But the purchases made by our tour- French services in 1928 totaled nearly $159.000.000." Dr. Klein ob- served. “But the purchases made by our tourists of French services and goods were estimated at $215,000,000 that year. These were, of course, all on a retail footing with the correspond- ing additional profits to distributors. Though our tourist expenditures in 1929 in France probably declined by some $40,000,000, or about 20 per cent. the decrease was still not sufficient to bring tne total of this volume of retail trans- actions below the purchase of imported French goods at wholesale by American friends. ~ The net balance of trade was for 1920 very favorable to our French friends “Another item in this same category is the large and steadily growing French of investments in the United Long-term holdings of this sort probably amount to_ $500.000,000, and the amount of French capital en- gaded in short-term investments in the United States is about as much more.” As to the commodity trade between the United States and France, Dr. Klein added, it remains amazingly stable over years of comparison. He esti- | 1sts ¢ bought 7 per cent of all French ex- ports, as compared with 6.1 per cent bought in 1913: and that American ex- ports made up 10.7 per cent of Prench imports in 1913, and just above 11 per cent in 1929. Tourist expenditure and investment earnings, he demonstrated. between the two nations than did the merchandise exchange. Pederal Trade Commission efforts to lay bare and analyze the financial a typical holding company of impor- tance in the utility field will come to & head next Monday at public hearings in Washington. The enterprise selected main units of the Electric Bond & Share Corporation, which last named entity is probably the most important centralized unit in the utility field at home or abroad. and agents of the commission began field work on the American company and undertook the compilation of curities issued by it and its 10 sul sidiary operating corporations, iwhich distribute light and power through nine States. Several characteristic applica- tions of the widl iscussed “manage- ment contract” in the American com- pany organizations will be brought up for discussion. While the form and terms of man- agement contracts differ, they are gen- erally understood to incorporate ar- rangements by which the subsidiary operating corporation pays to its hold- ing company amounts ranging from 2 to 10 per cent of annual gross earn- ings. In return for this it obtains varjous services, financial ald and man- agement. The terms of these arran; ments represent one of the importal TOMO “GGGQ” Worumbo O’Coat Sizes 34, 35, 36, 37, 38, 40, 42, $39.50) 9 coats, sizes 33, 34, 35, 36, 38, $45 0’Coats Bive and Oxford gray. 3 for S1.00. Sizes 34. 36, Sizes 1314, 14, 1474, $1-$1.50 Silk Tie Soiled from window. $5-56-$7 l_'l:ls TR Broken lots, 1314-17%. Silk and wool. plain or fancy. 3. E. French made. mated that in 1929 the United States | altered much more the balance of trade | structure and management methods of | for first treatment is the American Gas | & Electric Co., which is one of the | It is nearly a year since accountants | and = Ends Reduced for Final Clearance | 2 s $35 Topcoats . . .. .. Tweeds. Fieeces and Herrinsbones, sizes 33. 34, 35, 36, 37, 38, $1-$2 Athletic U'wear. .. .........39¢ THE EVENING points on which critics of public utility compafies and their modern merger de- velopments: have centered fire. At the same time, it is indicated that the leaders of the utility defense do not | intend to pass over any criticism of | the management contract system, 1m- plied or actual, without response. The trade commission’s inquiry, which was ordered by the Senate, yromises ‘o be much enlivened by the contes! CREDIT PLANNED AS AID IN REPAIR OF HOMES By the Associated Press. It ought to be as ensy to get in- stallment credit for the work of fixing up a dwelling house or modernizing its | equipment as it s to get installment credit for the purchase of an automo- bile. This is the opinion of building | material _organizations who _have, | through the National Building Survey Conference, undertaken to set up spe- cial eredit machinery for the purpose Organization of a special credit cor poration to deal with building loans ‘ffvr the maintenance and modernizing | of homes is now being undertaken. “It is estimated that there are 11.- 000,000 dwellings in the United States which are 20 years old or more,” said Fenton B. Turck, chairman of the con- ference, “and which are candidates for improvement. With the provision of funds on easier terms for the purpose, it 18 hoped that renovation of the older structures will be undertaken this year on & more extended scale than normal.’ Provision of installment credit for | house refurnishing is one detail of a | general “campaign instituted by the building survey conference for stimu- Iating business activity in its fleld dur- ing 1930. AMERICAN ROLi.ING MILL. NEW YORK, February 21.— The | American “Rolling Mill Co. has taken an option for 230 acres of land on the Detroit River as a site for a $20,000,000 steel plant. It is the intention of the | company to make it a complete unit for supplying the steel needs of auto- u GREATEST SED CAR SAL Chevrolet History SEE OURISMAN ADV. PAGE 10-A NOT HIGH-PRICED DENTISTRY But the Best Money Can Buy Meet the owner of the office, who is interest 1 Maids in Ath ntiye Methods Used. Lay e . Fer . ™ o~ I DR. FREIOT | Phone National 0019 407 7th St. N.W. Entrance Next to Kay's Jewelry Store RROW UNIVERSITY SHOP’S Formerly Sold to $35 $9.85 3, size 34; 3, size 35; 5, size 36; 1 size 37; ; ize 39; 2, size 40. 16 Men’s Suits (Sold to $45) . . .. .$17.85 Tan Fleece 0’Coats (Regularly ., breasted models. o ol 0 IS8 $1.95-92.95 Shirts. . . ........... 79 Shightly sofled. ..29c 7 Radium Silk Shirts (Were $7.45) . . $2.65 Sizes 16, 1%, 17, 1%, - Ide Stiff Collars (Were 25¢-35¢) . . . . 5c ea. 75¢ & $1 Interwoven Hose. . ... ... .39¢ 3 for $1 $6 & $7 Men’s Shoes. . .........$3.95 $9 & $10 Men’s Shoes. . ........$6.95 versity - STAR, P Sweeper 50c a Week Sweeper f 50c @ Week Hoover Sweeper 50c a Week WASHINGTON, D, € FRIDAY, FEBRUARY 21, 1930. of Reconditioned Famous VACUUM CLEANERS OHIO—APEX—BEEVAC Guaranteed Practically New Famous Makes of Electric SNN.75 Vacuum Cleaners These are all famous makes of Electric Vacuum Cleaners. They have been thoroughly reconditioned and equipped with new dust bags, new cords and all worn parts replaced with new. In every respect they are as good as brand-new sweepers and as such we guarantee them. Premier Sweepers 12.75 Hoover Sweepers Besides the above named sweepers the lot includes a num- ber of FEureka and Royal cleaners. 4Tlle Hub Announceé An Extraordinary Sale of eautiful Rayon Seventh and D Sts.’ [) APA 508 Week is all you need to pay in order to obtain any one of these splendid electric vacuum P sweepers. You certainly can- not afford to continue to use the old fashion, unsanitary broom when a guaranteed electric vacuum cleaner may be purchased at such ridicu- lously low prices and on such amazingly low terms. NP0 VAL PAPALAPAA Bedspread Sets At the Amazingly Low Price of 6.98 Terms,50c A Week For the five hours during which we are open tomorrow we place on sale a quantity of these gorgeous bedspread sets made of rich luxurious rayon twill and consisting of half-round or crescent shape pillow with deep ruffle and a full size spread to match. An outfit of this kind will add an air of luxury and beauty to any bedroom. As the price is far below the actual value, an early selection must be made in order to avoid dis- appointment. Note the illustra- tion. This is exactly like the outfit we are offering and it may be purchased on the excep- tionally low terms of 50c A Week ICLN AVALZATATA | APV APAPAP AP AP AR APAPAY