Evening Star Newspaper, June 19, 1930, Page 4

A4 STOCK DROP PROBE BY CONGRESS SEEN House Members Said to Favor Study of Opera- tors” Work, * BY FREDERIC WILLIAM WILE, Current events on the New York | Stock Exchange have led to serious con- sideration of a congressional investiga- tion of the conditions which brought them about. Responsible leaders in both Houses are privately discussing the advisability of such an inquiry. If it is decided upon the probability is that the House of Representatives will con- duct it. The Senate, with a mass of important unfinished business and the special naval treaty session just ahead, would not have time for a thorough- going probe at the moment. Members of Congress who believe it is timely and justifiable to turn the Federal searchlight on periodical Wall Street, * think the present crash an ideal one for that purpose. They are convinced it is a typically manipu- Jated crisis. They feel, in particular, that the new tariff law has been trot- ted out as an alibi to cover up the real motives and objects of the big-time operators who pull the strings on these occasions. One of the special matters into which it is thought Congress might dig with profit is the alleged dumping of huge blocks of foreign-held erican securities into the market this week. There are suggestions that New York financial interests, which are known to be violently hostile to the Hawley- Smoot legislation, may have brought about these foreign operations as one means of venting their anti-tariff spleen, regardless of how many might be hurt by them. May Expose “Squeezing Out.” The “short selling” maneuvers which are an almost invariable feature of Wall Street upheavals would be scrutinized with special thoroughness, if a con- gressional probe should be undertaken. Members are confident that the country would receive a useful object lesson in the art of “squeezing out” the small speculators, notably margin buyers, whenever it suits the convenience of the higher-ups to do so. A congres- sional leader, who favors the inquiry, has information that ats the zenith of last year's crash no fewer than 18,000,- 000 persons in the market out of a grand total of 21,000,000 were margin speculators. Broadly speaking, the 18,000,000 were wiped out for the more or less direct benefit and profit of the 3,000,000 others. Hoover administration supporters on | Capitol Hill are definitely convinced that resentment toward the President, along with dislike of the tariff, is large. ly at the bottom of the recurring dis turbances on the Stock Exchange. Any- body who has been in New York dur- ing the past few months and had con- tact with lower Manhattan Island is aware of the blind and unreasoning hatred which now prevails toward the administration. The President himself comes in for the lion's share of the tirades one hears from people whose in- terests are identified with Wall Street. Hoover is blamed for everything that has gone wrong in the market since the slump movement set in last Fall. His critics cannot tell you definitely just why the President is responsible, or what he could have done to avert crashes, but they are certain he is to blame, just the same. They'll assure you that if the Californian were run- ning for President again this week, he couldn't, “carry a ward in the State of New York.” Think Operators Launch Drives. A congressional investigation, such as the one now being talked about, would aim at finding out, as far as possible, to just what degree this anti-Hoover mania in Wall Street is back of the manipulation movement. An impres- sion exists in Washington that, disas- trous as these organized bear drives are even to the big fellows, the latter ‘would not shrink from launching them, if only they would serve the purpose of seeming to fasten more blame on the national administration. To_expose the artificiality, as many members of Congress view it, of these recurring smashes in securities is the basic object which an inquiry would have in mind. There are some who are persuaded that the mere institution of such an investigation would be of im- mediate, far-reaching and wholesome effect. 1830.) (Copyrigh! W. H. BRISTOL, INVENTOR, DEAD IN CONNECTICUT With Recording In- struments and Sound and Won Fame Action Pictures. By the Associated Press. NEW HAVEN, Conn, June 19.—Prof William Henry Bristol, inventor of the | Bristol phone and numerous recording | instruments, and president of the Bristol Co. of Waterbury, died yesterday. He| was 70 years old. Mr. Bristol had been ill for several months, suffering from a blood clot in the region of the heart. He was born in ‘Waterbury. A pioneer in the manufac- ture of recording {instruments in America, and inventor of the Bristol phone, an instrument which synchro- nized sound and action in motion pic- tures. Mr. Bristol gained an interna- tional reputation as a scientist and in- ventor. During the many years which he de- voted to his scientific work, Mr. Bristol developed a complete line of recording instruments adapted to meet almost every industrial requirement. His in- ventions included instruments for meas- uring pressure, temperature, electricity, speed and time. In 1915 he conceived the idea of re- cording simultaneously sound and ac- tion. The invention and production of the Bristol phone followed. To perfect «this instrument he spent nearly a mil- lion dollars in the construction of a fully equipped motion picture laboratory and studlo in szrbu\r) A H. FIEGENBAUM DIES AFTER SHORT ILLNESS Served in Office of Adjutant Gener- al of Army 45 Years Be- fore Retiring. Adolph H. Fiegenbaum, 75 years old, of 5435 Connecticut avenue, retired THE EVENING WEST SCHOOL TURNS GEOGRAPHY TO PLAY The fifth grade of the West School at closing exercises this week gave a play which grew out of the year’s study of Europe and Asia. Back row, left to right: Florence Appel. In the center at rear In the photo, left to right, front row: Marie Hitherington, Doris Kenyon, Yin Chuck Chin, Frances Racoosin, Ruth Klein, Edith Callechia, Howard Phillips. June Kenney, Bill Taylor, Shirley Daniel, George Burtner, Jane Miller, Page Pratt, is Jeanette Penso. —Star Staff Photo. SENATE LEADERS WILL SPEED WORK Agreements on Pensions and Rivers and Harbors Bills Are Sought. By the Associated Press. Wearily and hopefully, Senate leaders looked forward today to adjournment some time next week and gave their backing to efforts to make this possible. The first step was the negotiation of agreements for votes on the World War pensions bill and the rivers and harbors measure. They were confident these would be disposed of by the end of the week, with. the close of the session to follow shortly thereafter. It was arranged that the veterans’ measure be given first attention today, provided an agreement for a vote could be reached. It has widespread support, and there was every likehood of passage by nightfall, Urges Rivers and Harbors Bill. Next on the program, Chairman John- | son of the commerce committee intends to press to a speedy termination the controversy over the rivers and harbors measure, which centers around the amount of water to be withdrawn from | the Great Lakes for the Illinois water- | way project. Senator Glenn, Republican, of Nlinois will make the final appeal for his State against the amendment of Senator Blaine, Republican, of Wisconsin, which | proposes to restrict the quantity of water which may be diverte Both sides in this contest have agreed to permit an early vote, but the Senators | representing the other Great Lake | States have intimated strongly that if the Blaine amendment is not lpproved there will be “plenty” of debate befors | the rivers and harbors measure is al- | lowed to come to a vote. House Takes Deficiency Bill. Meanwhile, the House was ready to act today on the second deficiency measure carrying funds to meet new projects authorized in legislation at | this session and for emergency situ- ations. Quick disposition of this measure in the Senate is planned, although lead- | ers are prepared for severe attack upon the $10,660,000 item for starting work on_ Boulder' Canyon Dam in the Colo- | rado River. The Arizona Senators have indicated they would oppose this, but stern methods are contemplated if a | filibuster develops. Until this important nppmprlltlon measure, the last of the supply bills, is out of the way, no move will be made toward adoption of an adjournment resolution. Another threat against adjournment has developed in the deadlock between SPECIAL ROUND TRIP Excursions June 22 HARPERS' FERRY Martinsburg, Hancock and Cumberland Lv. Washington 9:20 a.m. Returning Same Day. Lv. Cumberland 5:30 pm. & 10:25 p.m. Lv. Hancock 6:56 p.m. Lv. Martinsburg 7:35- pm. & 12:26 Mid. Lv. Harpers Ferry 8:09 pm. ROUND TRIP FARES To Harpers Ferry ..81.50 To Martinsburg .. $2.00 To Hancock . $2.75 To Cumberland .. $3.00 June 22 and July 6 PHILADELPHIA Chester & Wilmington Lv. Washington 7:40 am. Returning Same Day. Lv. Philadelphia 7:30 pm. clerk of the adjutant general’s office of the War Department, where he was em- loyed for 45 years, died at the home of his daughter, Mrs. George W. Vinal, 3310 Jenifer street, yesterday after a short, illness. Mr. Fiegenbaum was vis- iting his daughter when he became ill. A native of Indiana, Mr. Fiegenbaum later resided in Iowa for a number of years prior to coming to this city in 1882, He was retired from the Govern- ment setvice three years ago. He is survived by his widow, Mrs. Margaret Flzx!nblum, and his dlu‘h' ter, Mrs. Vinal Funeral lervlm will be conducted at the daughter's residence tomorrow morning at 10 o'clock. Interment will be in Oak Hill Cemetery. Lieut. Nelson Goes to Panama. Second Lieut. Berkeley E. Nelson of 1833 S street, this city, who recently ualified as a fiyer in the Air Corps, lar Army, Lyv. Chester 7:50 p.m. Lv. Wilmington 8:10 pm, ROUND TRIP FARES To Philadelphia.. To Chester . To Wilmington NIAGARA FALLS 16-Day Excursion $16.80 Fridays, June 20, July 4 & 18, August 1, 15 & 29, Sep- tember 12 & 26. All Time Shown Standard Baltimore«Ohio the Senate and House over the Dis-’ trict of Columbia appropriation bill. Despite a report by the conferees of a failure to reach an agreement, some steps are expected which will lead to a settlement of this bitter dispute over the amount of money to be contributed by the Federal Government for the upkeep of the Capital. The House pro- posed $9.000,000. The Senate voted $12.000,000. The House refused to con- sider a compromise. JOSEPH KAUFMAN HEADS COMMUNITY CHEST GROUP Joseph D. Kaufman was presented as the new chairman of the speakers’ bu- reau of the Washington Community Chest at a dinner meeting of the bureau in the Y. W. C. A. Building, Seventeenth and K streets, Tuesday night. Mr. Kaufman was introduced by Elwood Street, director of the Chest, who pre- sided ‘at the opening of the meeting. The program included a series of talks by secretaries and members of the Y. W. C. A, which had charge of the meeting. Later in the evening those present at the dinner visited the swimming pool where class instruction was under way and also visited .classes on the sixth floor. Dr. Grace G. Purse, official exam- ining physician for the Y. W. C. A, gave a short talk on the method of conducting health examinations for girls who enter the various classes. She also spoke of the various types dis- covered in the process making these examinations. Read Every One of These ’ Bargains. Every Item Is a Rare BARGAIN STUDENTS IN CRAFT SCHOOL GRADUATE Colpoys Presents Diplomas Delivers Commencement Address. and The senior class of the Abbot Vo- cational School, qualified to enter vari- ous skilled crafts, was graduated Tues- day at commencement exercises held in the auditorium of the Columbia | Junior High School. John B. Colpoys, who presented the | diplomas, also delivered the commence- | ment address. Charles H. Wagner, vice president of [the Abbot Vocational Parent-Teacher | | Association, presided. Charles Seek is president of the class. The 20 graduates and their respec- tive school departments follow: Wood- shop, Peter Gabardini, Robert Lee, Wil- fred Dodson, Ray Auit, Edward Baugh |and Charles Seek: electric_shop, Jack Goldberg, Ray Reeve, Robert Pol, George Wall, Earl Fowler, John Streets | and Earl Wilcher; print' shop, Robert Keller and George Perros; plumbing shop, David Sodero and Alden Smith; metal shop, Joseph Varella. Special _certificates were awarded Norman Gibbons, plumbing shop, and Bert, Scek, auto shop. | SHIRTS Wonderful quality shirts in collar attached and collar to match styles. Plenty of whites and plain_col- ors. Some slight All Colors Guaranteed Fast! C irregulars. : HEADLIGHT OR SWEET ORR WHITE | OVERALLS ILsms 34 to 42.. | RAYON POLO SHIRTS ! *1 L= | J | : All popular shades. Blue, tan or green..... CAPS ~ | HAND-TAILORED NECK- WEAR—New light- weight crepes and | foulards .......... | HOSE — All | shades. Rein- | forced with Lart silk..... seasonable 4 prs. $1 {- 25¢ GARTERS } All shades. INITIAL BUCKLE & BELT both for 6 9c real cowhide belt ———————————————, 51.39' — LIGHTWEIGHT SUMMER I 690 ¥ 69c || plain | —————————— — 15c IR St S e I | }-Jk BLACA( INTERWOVEN ‘: | Made with L\“\CO sole. r | IMPORTED & DOMESTIC | || STRAW HATS $ | 1 Hllmefaiy Sizes 674 to 7%4..... - | BLUE CHAMBRAY WORK | SHIRTS | Sizes 15 to 17 FRUIT OF THE LOOM | 'NIGHT ROBES sl L:ne: 16 to 20. Full cut. [ l I PURE THREAD SILK HALF l RAYON UNION SUITS iEBiue, ‘aeih aua | peach ' | | BOYS' FANCY SHORTS a' PULL-OVER SHIRTS | Sizes 26 to 32, each We request the return of anything that can be bought 99079 910 7th Street ! STAR, WASHINGTON, 4prs. $l|’ 49c.: 25c |! D. €., THURSDAY, 1S GIVEN NEW 108 ‘John Holland, 30, Veteran of 0il and Lobby Inquiries, to Help in Postal Case. By the Associated Press. A 30-year-old veteran of the Teapot | Dome and lobby investigations has been alled upon to the assistance of another Senate_committee. He is John Holland of Montana, whose work as investigator for the lobby | | committee so mpressed Seriator Blaine | of Wisconsin that he has been em- ployed o help uncover any fraud that | may exist in approximately 600 post | office leases. Blaine, a member of the lobby com- | mittee, is chairman of the post office investigating committee. Was Walsh Aide. Holland is now busily engaged in winding up the affairs of the lobby committee which expired after the examination of Bishop James Cannon, jr. As soon as this work is completed he will tackle his new assignment. The youthful investigator came to | Washington several years ago as a clerk | in the office of Senator Walsh of Mon- tana, He served as the Senator's right-hand man in the Teapot Dome in- vestigation, in which Walsh played a prominent part, and his work was pub- licly praised by his employer. When Walsh was appointed on the lobby committee, he requested Holland, Wwho had joined the Prohibtion Bureau in New York, to come to Washington as its investigator. He arrived the next day and has been here more than eight months. Hearings Start Soon. Blaine said today information con- cerning the leasing of about 600 post office sites in the larger cities had been obtained by the committee and that the next step would be learning the financial details of the leases. Hearings will be started within a few weeks and witnesses will be asked to appear to testify about any of the leases which are suspected of being fraudulent. ‘The invesfi?n”nn was ordered by the Senate several weeks ago, after charges had been made that the leasing of a post office in St. Paul, Minn., had been tainted with fraud. {“SUN BONNET” CONCEPT OF FARM WOMAN HIT By the Associated Press. MILWAUKEE, Wis., June 19.—The | National Editorial Association was told | | Tuesday by Miss Bess M. Rowe, St.| | Paul newspaper womap, that the - ‘gray | calico-sun bnnnrt picture of the Amer- | ican farm woman now is as obsolete the classic cartoon of the “chin-whisker” | farmer. “Today,” she said, “the farm home is in step with the world. The farm woman | may have to wash dishes three times a | | day, but she turns on her radio and | tuxm in on the world while she is doing Miss Rowe, on the staff of a St. Paul farm publication, illustrated her point that farm women are “real news” by | of luxuries during the last 25 years of rural life. Save on Your Vacation Needs! o ——————————ey | $1.50 ALLEN-A KNIT UNION | | SUITS — Slight ir- | regulars. \hort 5 sleeves, ankle { knee length 9 C ' _______.__...____.' | PLAIN COLOR CREPE TIES ' | 10 new pavel o 43¢ : NAINSOOK UNION SUITS stic belt, snub- | hrr back. Sizes 36 69 B C ' I__—_._____._.__.___. |m [ T v FANCY HOSE \mh 4 5 prs. 690 ! | Mixed : BOYS' BELL BLOUSES : Sizes 8 to 14 2 for $1 l___.__._...___._..___ BOYS' PULL-OVER SWEATERS | Sizes 28 to 36.... 890 Sl d s st b o ] | | BOYS’ NAINSOOK UNION TS Wl | Sizes 28 to 34...... cl e ——————— for less elsewhere 6 YOUNG PROBEAIDE | | unjust to ask local contractors to meet statistics showing the progress in the use | E. JUNE 19, HISTORIC BAR IS SOLD 1 N!W \ORK Junv 19 (A.—The bar | f hisf Hotel Belmont, Park lvenue and Pany~ucond street, with a gin bottle, a seltzer bottle and two | drinking glasses added, sold for $27 ml public auction yesterday. The fist bid on the bar was $2 and | not until the auctioneer put the botties | | and the two glasses on top was the next and final bid made, FARFAY OFFICAL DENIES SHIP PANIG Vice President of Line Admits “Natural Excitement” After Crash With Tanker. | | By the Associated Press. ! BOSTON, June 19.—David W. McNeil of Baltimore, vice president of the Mer- | chants & Miners Line, was called to the stand when the Federal investigation | into the Fairfax-Pinthis collision, which caused the loss of 47 lives, was resumed this morning. He was a passenger | aboard the Fairfax at the time. Much of the previous testimony had been devoted to an effort to determine | if any S O 8 was sent out and it was | along this line that McNeil was ques- tioned today. Asked if he had told the radio opera- tor -not to answer messages requesting information or if he had ordered the crew not to give any information to the press, the witness denied having done either. | Regarding conditions after the crash, McNeil testified that he saw no panic | on board, but did see some natural ex- citement. He said he personally helped the crew get life preservers and put them on the vamengens, | 1930. DISTRICT WORKERS’ PROTECTION URGED Senator Arthur Capper of Kansas, chairman of the Senate District com- mittee, was asked in a_ resolution adopted by the Buy-in-Washington Council to insert in the District appro- priation bill a clause providing that all proposals for estimates on District projects should insist that bids be| made on the basis *of the scale of wages paid mechanics and laborers in ‘Washington. The council has received complaints from local contractors that they are frequently confronted with out-of-town builders who underbid them for Fed- eral contracts in Washington because they import laborers and pay them a lower wage than the scale prevailing |here. There is also evidence that jobs nt a strictly municipal nature are being awarded out-of-town contractors for the same reason, it was,said. ‘The council feels that it is unfair and this kind of competition and that the lowered local wage scale which would follow their doing so would be injurious to_the city as a whole. ‘The wage olause was asked in a re- port submitted by a committee com- prising John B. Colpoys, E. J. Murphy, A. Rule and Luther C. Steward. + | the fundamental Remembar that the tailoring determines the price you pay; and clways be sure to look for this label in the gar- ment before you buy! SLOAN ANSWERS SACKETT CHARGE Amhassador Is Mistaken on‘ Rates and Cost Price, He Replies. By the Associated Press SAN- FRANCISCO, June =[|Pe<‘h nf Amba=<adnr Frederic Sackett orld Power Conference in Bvr!m m ‘Which he attacked asserted | excessive rates charged by light and power utilities in America, brought sharp rejoinders today from President Matthew S. Sloan and other leaders of the National Electric Light tion in convention here. President Sloan, head of the New york Edison Co.. challenged the ace curacy of Ambassador Sackett's state- ment that rates in the United States ran as high as 15 times t.e cost of generating current. “Sackett is mistaken,” said Sloan, “On an average (he salés price to do- mestic consumers the country over is not over four times the cost at the power house. The Ambassador discloses & lack of understanding of economics of bu ness generally and particularly of elec- tric service.” An international communications demonstration, directed by Clinton B Allsop, vice president of the Pos Telegraph-Cable Co., will be a feature of the sessions tonight. Mr. Allsop will attempt to send a message around the world in less than eight minutes, | the present record. Owen D. Young, author of the Young reparations plan, will make the prin- cipal speech tonight. SACKETT ATTACKS RATES. BERLIN, June 19 (#).—An audience of 3,000 in the Berlin Sports Palace last night was thrilled at the sound of | *| Thomas A. Edison’s voice from over the scas. Mr. Edison spoke to the dele- gates of the World Power Conference, in_session here, from Orange, N. J. ‘The delegates to the conference held a great banpuet last night attended by Ambassador Prederic M. Sackett and other members of the diplomatic corps. Ambassador Sackett attacked ultilities prices’in his address, in which he said: “One of the primary reasons for convening such a conference as this is to discuss and consider constructive criticisms in the fleld of its interests. As one who shared the responsibilities of early development of power service and has retained an interest in its wel- fare, I venture a suggestion in the hope of - contributing to the betterment of this industry of power supply. “Until the power business is brought into line with other industries in the relationship of its cost of production to the price paid by the consumer, there can be little justification for thinking that this great power industry is rapidly approaching perfection.” After asserting that “in most great centers, at least in America,” con- sumers paid for househqld service from 15 to 20 times the cost of the power, the envoy added that there is an ex- traordinary margin between cost and sales prices, to the reduction of which sclence may apply itself with the great- est benefit to the people as a whoie. “Perhaps the premises of this simple statement may be disputed. It may be argued that no such discrepancy exists, | it may be excused or explained witn the greatest ingenuity.” Palm Beach Suit will That's why it's wise 19.—The | Associa- | of energy | FORD EXPANSION ~ GOST §30,000000 Program Contemplates New Branches as Well as Im- provements on 0ld Plants, | By the Ascociated Press. DETROIT, June 19.—New branch | plants, additions and other improvea ments to present facilities and equip= ment Dnm\fid by the Ford Motor: Co, this year will represent an expenditire of substantially more than $30.000,000, officials of the company said today. Work involving $24,500,000 already i under way or in the hands of arch | tects. The expansion program econ templates new branch plants in varie ous parts of the country as well as improvements in the plants here. Branch plants on which work alreacy is under way or for which plans have | been drawn will involve an expenditure of $18000,000. Included in_this proe gram is a branch plant at Edgewater, N. J.; another at Richmond, Calif.; ane other at Seattle, Wash., and three new plants whose locations will be announce ed shortly Besides the expenditures for new branch plants, the company is spending $3,000,000 this year on a water tunnel, | intake house and pump house at Dears born. Nearly $1,000.000 is being spent ln Fhie larging the power house supp! tric_current for the company's pllr: at Dearborn, while “miscellaneous im« provements”’ will account for another | $1,500,000. A million dollars is being spent in the improvement of Boa Vista, the Ford | rubber plantation in Brazil. Another $5,000,000 is spent on the Edison Ine stitute of Technology and other activie ties of Henry Ford not directly assne clated with the automobile and aire | plane plants, g gl INQUEST IN GIRL'S DEATH TOMORROW Dr. C. A. Ransom, coroner of Fairfax County, Va., is holding an inquest to~ morrow morning at 10 o'clock to inquire into the circumstances surrounding- the death Tuesday morning of 18-year-old Mildred Sloper of Antioch Chapel, Va. The girl died in Emergency Hospital as a result of burns sustained Monday night, when gasoline being emptied into the car in which she was sitting at the Merrifield garage ignited and fired her clothing. Sheriff E, P. Kirby has summoned & number of witnesses to testify at the hearing tomorrow, which will be held in | the office of Justice of the Peace J. T. Moling at Falls Church. Fred Pettit of Vienna, who took the girl from her home Sunday afternoon, and Joe Mills, jr., of West Falls Chyrch, who was returning her Monday night when the accident occurred, are out on | bond, the charge against them to date | being merely contributing to the delin= quency of a minor. John Ha er of | Falls Church, a passenger in Mills’ car, | was held for investigation and his | father was told he would be released as | s00n as bond was provided. THIS SUIT Wit Buy You ANoTHER! Yes sir, what you save on the price of a pay for a second. to buy two at the start — a light one for the day; a dark one, with vest, for evening wear. And .. You're all set for the summer...Two suits for less than the usual price of one! Two suits with more comfort, and coolness, and service per square inch, than in any other summer garment on earth. Two suits .. with smart style and easy drape in every line. Sponsored by the moderns, in their search for cooler clathes. Sponsored by Fashion. Sponsored by your clothier—where you'll find them . Quite different and . See the new Palm Beach cord weaves, in blues and browns .. .. exceptionally smart. THE PALM BEACH MILLS Goodall Worsted Comgany, Sanford, Maine Selling Agent: A. Rohaut, 229 Fourth Ave., New York City et PALM BEACH SUITS