Evening Star Newspaper, April 18, 1930, Page 27

COUZENS BL AW TODELAY MERCERS Resolution Would Suspend 1. C. C. Powers Until Holding Companies Are Regulated. BY FREDERIC WILLIAM WILE. Every man or woman who has money invested in railroad securities is directly interested in the hearings now in prog- Tess before the Senate committee on interstate commerce. They deal with the 10-year-old question of raflroad | consolidations. Senator Couzens, Re- publican, of Michigan, chairman of the committee, has introduced a joint reso- lution which would require the Inter- state Commerce Commission indefinite- ly to suspend all activities looking to the merging of railroads into a limited group of great trunk systems. The hearings are designed to go to the bottom of the question which has per- plexed the Interstate Commerce Com- mission, railroad executives and Wall Street financiers since the transporta- tion act of 1920 first authorized the division of the country into a network of regional consolidations Senator Couzens' plan to clip the Interstate Commerce Commission's wings by estopping further considera- tion of merger schemes is prompted by the commission’s confessed inability to | regulate the great railroad holding | companies which have sprung into ex- istence during the past couple of years. The two outstanding concerns of the kind are the Alleghany Corporation, dominated by the Van Sweringens, and | the Pennroad Corporation, controlled by the Pennsylvania Railroad. May Amend Resolution. The House interstate commerce com- | mittee has also been examining the jssue raised by the development of the holding company idea, but Senator Couzens' plan is the first attempt to come to grips with it. Mr. Couzens an- nounces, in light of testimony alrea given before his committee, that he might amend his resolution proposing to halt all consolidations so as to re- strict its blanket prohibition. The Michigan Senator is determined, how- ever, to press for legislation which will | prevent any railroad merger through stock holding _companies, Couzens will also demand specific for- bidding of the Great Northern-Northern | Pacific consolidation. It is plainly indicated by President Daniel Willard of the Baltimore & Ohio Railroad, that rail interests will oppose the Couzens resolution tooth and nail. He told the Senate interstate commerce committee that while he does not op- pose extension of the Interstate Com- merce Commission’s regulatory powers, the Couzens plan will not achieve its urpcse of preventing mergers through olding corporations. The Baltimore & Ohio executive let it be understood that if Mr. Couzens’ proposal materializes, it will “freeze” all merger enterprises now under way. The result, he said, would | be to tie the hands of the best railroad minds in the country, who are ready and eager to go forward with their plans to rationalize the land transportation sys- tem. The Baltimore & Ohio now has an application pending before the In- terstate Commerce Commission for an ambitious merger. The road’s pi coincides to a large extent with the | commission’s own recommendation fora | | similar .project. Mr. Wi testified | public in the East through the Pennsyl- | the Burlington's service are the direct | frutt of consolidations. | | it orders, as the Couzens resolution pro- | OWEN D. YOUNG. BRUSSELS, April 18 (#).—The Bel- gian government today conferred the | Grand Cross of the Crown Order upon Owen D. Young, chairman of the ex- perts’ committee on reparations and the Grand Cross of the Order of Leopold | upon J. P. Morgan, one of the experts’ | committee and. chief of the Morgan | financial interests. that the advantages now accruing to the vania's service and in the West through | Can Give Orders. | Congress, having created the Inter- state Commerce Commission, can give poses to do. If such orders ensue, the | automatic effect would be virtually to| put a complete stop to all and sundry merger enterprises now brewing. Sen- ator Couzens' purpose is to defer carry- ing them out until Congress empowers | the Interstate Commerce Commission | to regulate holding companies and has had fuller opportunity to probe the whole consolidation problem. i Former Senator Sackett of Kentucky, recently signalized his first public appearance in Berlin as American Am- bassador by addressing the local bar association on the merger movement in | the United States. He declared it is high finance's latest effort to “out- " the anti-trust laws. Attorney General Mitchell recently proclaimed that the Department of Justice is fully alive to this menace and on its guard to thwart it. Mr. Mitchell says that the Sherman law is still equipped with a full set of teeth and that they are ready to go into action whenever and as often as necessary. (Copyrisht. 1930.) —_— SHORTAGE IS FOUND Michigan Bank Officials Disclose $137,000 Irregularity. LANSING, Mich., April 18 (#)—Off- cials of the Capital National Bank an- nounced Wednesday the discovery of a $137,000 shortage in their note depart- ment. The bank is & unit of the Guardian Detroit Union Group, Inc. Officials from the Detroit office have been co- operating with local bank officials in an effort to determine the source of the shortage since last Friday when the first irregularities were discovered. —— Jrom the AVEN = — —— — UE ot NINTH: | and Value in our presentation of hats for your Easter selection U BARBISIO $12.00 The Nationally Known STETSON $R.50 o $10-00 Our Own Splendid PARKER-BRIDGET $8.00 to $10-00 . . and our featured PARKER —an unsurpassed hat value, Silk lined and trimmed, with welt, bound and raw edges, snap or curled brims—in Pearls, Tans and Pastels. .55.00 All deliveries in time for Easter wear The Avenus at Ninth o NATRONAILLYKNOWN STORE THE EVENING STAR, WASHINGTON, D. C. \ { i\ /4 FRIDAY, APRIL 18, 1930. - te Your Easter Wardrobe Here Juniors” Easter Frocks Will Go Back to School With Them The frock of pin-dot chiffon . . . sketched left . . . so smart for Easter, will be equally smart back at school. Its youthful cowl neckline, hand-fagotting, finger-tip jacket and pin-dot design are four reasons sEwwesises b eisinis Enaeine $29.50 JuNIOR Misses’ AppARer, FOURTH FLOOR. ...$16.50 to $39.50 Boarding school girls have a double motive in their clever preference for this silk suit. Its very new plaid will be fashion-right both at Easter and for wear back at school GIrLs’ APPAREL, FOURTH FLOOR. $13.75. Others.......$10 to $19.50 Brims Are Wider on Girls’ Easter Hats, $7-50 Lacy straws have brims that are much wider . . . for large and very saucy taf- feta bows. trimming they use In the Easter colors girls find very flat- tering . . . as well as smart navy and black. Other Hats, $3.75 to $15. Gmus’ Hats, FOURTE FLOOR. Patent Leather Is Smartest for Girls’ Easter Pumps, %650 A favorite style of this vogue for patent leather is a very smart model which ties over the instep, with covered military heel. CEuDREN'S SHOES, FOURTH FLOOR. Children’s Silk Socks 50c pair In Easter’s Smartest Pastel Shades Easter frocks and wash suits will be proud to have worn with them these smart silk socks in lovely pastel shades. Half and ankle lengths .. .of silk, lisle reinforced. Others, half and 34 lengths 75¢ and $1 pair CnrLoreN’s Hose, Atsie 17, First FLOOR. BOYS' Woodshire ]unior Four-Piece Suits,$20:75 A Favorite for Easter and Spring The Woodshire “Prep”. . .a suit boys like. . .has two pairs of long trousers. Of blue cheviot. .$20 Woodshire Suits, with two pairs of knicke New “Cufrite” Separate Golf Knicker: Separate Shorts. .. New Fancy Sweaters Boys' Broadeloth Shirts Broadcloth Blouses Ties—of plain and fancy silks—and newly arrived shan- tung ties 75¢ to $2 ..$3.50 $2.50 to $3.50 Tas Bovs’ STore, FOURTH FLOOR. Easter Sweets and Goodies Pure Sugar Jelly Eggs 25¢ pound Homemade Chocolate Covered Eggs, with fruit and nut, and cocoanut centers. Dark Chocolates Milk Chocolates Fancy Baskets, Goodie Baske! .60c pound .80c pound 3 and $3.50 to $4.50 each . Whitman's, Maillard’s and $1 to $10 Week-End Candy, Special. .2 pounds, 95¢ Two pounds of homemade candies, 35 delicious varieties. Caxpizs, Arsiy 14, FimsT FLOOR. Misses’ Easter Ensembles Have Capes—Boleros—Long Coats Wear an ensemble and be assured of chic . . . whether your Easter frock be of flat crepe, chiffon, georgette or wool crepe. In smart Spring shades . . . lovely prints. and many $25 Other New Ensembles, $25 to $49.50 Misses’ Dresses, THIRD FLOOR. Rigaud’s Vers La Joie Toiletries The favorite of smart Con sophisticated perfume . .. Purse-size Perfume Flacon, s1 Cleansing Cream . Face Powder .§1 tinentals , . , Rigaud’s latest has just arrived from Paris. Vanishing and Cold Cream, One-ounce Perfume . ‘ToLETRIES, AsLE 16, FIRsT FLOOR. Misses’ Easter Coats Are Fur Trimmed Easter coats are trim- med with furs as flat- tering as they . are . . sleek kid gal- uirrel or broad- abrics fashion sponsors are covert, wool crepe or faulkrepe . ..in smart blues, greens, tan or black. $39.50 Others, $49.50 to $135 Misses’ Coats, THIRD FLOOR, Smart Masculine Preferences for Easter Woven Madras Shirts, 3 In neat, fast-colored stripes These woven madras shirts have enlisted color to harmonize with the tone of your Easter ensemble. Full cut and per- fectly tailored to assure you a comfortable fit. Neat stripes, in biue, green, tan and lavender, on plain color background, Two laundered collars to match. Four-iin-Hand New Stetson Ties, $2 Lovely silks, in countless variations of striped pat- terns, are the most popular styles for Spring and Easter Ties. Resilio constructed for longer wear. In rich colorings to harmonize with your shirts. Hats, $8-50 The new blocks, with fairly tall and tapered crowns and narrow brims, are styled in correct proportions for Spring. Fine workmanship is a characteristic feature of these hats, In shades to match your ensemble. Weodshire Suits Always Two Trousers 545 Woodshire Suits are here in a manner- well worthy of your attention . . . correctly cut to become any occasion and to be a compliment to you. Two-button sack models with long- . double-breasted jackets with rolled, notched lapels . broader shoulders and slightly fitted waists. A variety of patterns and colors awaits your selection. THE MEN's STORE, SECOND FLOOR. New Wing-Tip With attractive Oxfords, %15 perforations These Wing-Tip Highland Oxfords combine the wearing serv- ice of quality materials and careful hand workmanship, with the correct style proportions worn by well-dressed men. A distinguished Johnston & Murphy model, of tan or black calf, with perforations on vamp, tip and quarter. Fancy Silk Socks, #1-50 These fancy silk socks— found in the best masculine wardrobes—give the ankles the color and style they de- serve. Shown in a great di- versity of two-toned clock effects and vertical stripes. Lisle double feet. T(_)pcoats 28 Straight-Tip Oxfords, $11 The Olympic, an Arnold Glove-Grip straight-lace ox- ford, gives that feeling of perfect style correctness which the conservative dresser demands. Black and tan calfskin, on combination last. Leather soles and rub- ber heels. Reduced ‘38 Tomorrow is the last day to buy your Easter Topcoati. . . and you will certaiply want to take advantage of the excep- tional savings offered in these two groups. Dress, sports and bunpess coats, in a wide assortment of fabrics and patterns, await your selection. Choice of raglan and set-in sleeve models. THE MEN's STORE, SECOND FLOOR.