Evening Star Newspaper, August 13, 1930, Page 3

THE FLORAL DECORATIONS for AUTUMN WEDDINGS At This Season The Blackistone Florists will furnish many suggestions, Consult Them 3 Doors West of 14th St. (Our New Address) 1407 H Street National 4905 TED X STATES TORAG OMPANY If you are one of those who rely on price as a guide to quality, you’ll be agreeably sur- prised at the high class warehouse service we offer at the price we ask Y Call Metropolitan 1843 and let us give you an estimate. 2( 418 10th Street ¥ “LAST EXCURSION 00 Roun 33 Trip Ocean City, Md. Children 5 years and under 12. §1.51 \ Maryla; Ocean Resori rf Bathing Sunday, Aug. 2 Good for Day Only Special train leaves 12th and N. Y. Ave. N.W. 6:30 AM.. running direct to ferry wharf. Annapolis. and con- necting with non-stop train at Cli- borne for Ocean City (arriving 12,37 leave Ocean City M. arrive hington 10:00 Tickets on sale Friday and “"Wash., Balto. & Annap. Elec. R. R. th and N. Y. Ave. N.W. returning FURNITURE RENTING OFFICE FURNITURE § AL NOTICES. BPECIAL MEETING OF STOCKHOLDERS any. Tnc. (Disteict of Eol the office of the com) W, Tuesday, September b " “for ‘consideration of resciution of {rusices concerning increased SR NG wATTER 1 HAWES, JOLIAN W. POLLARD. ALLEN B. ROBERT- W s o e THE PIFTY-THIRD SEMI-ANNUAL DIVI- dent of two and one-half per cent (21a%) Bas been declared ‘on. the preferred stock of the Wasnington Railway & Electric Com- pany. payable December 1. 1930 81 certificates of said_preferred Tecord on August 18. 1930. bearing & Stamp hanging the time and manne: of Payment dividends thereon from_semi-annually to September 1, 1930, -half of said semi-annual dividend dividend of one and three-fourths pey the close of business on August 16. the opening of bus H._M._KEYSER. Secrefary. i WILL NOT BE RESPONSIBLE FOR ANY | o, debts 1t contracted by any other R. L. THOMAS. 5036 THE NINETEENTH QUARTERLY DI of one and one-half per cent (115° 6% series of 1925 pre! hirteenth quart Electric Power September 1. of record at . 1930 to_the opening of business on 1930. M. M. KEYSER. Secretary WILL NOT BE RESPONSIBLE FOR ANY ne_o HOWARD . SEVERE. ase. Md UPRIGHT PIANG. 315: PLAYER o pay storage charzes. UNITED CO.. 418 10t ~ GOING? WHERE? we'll m, T YOUR heating systems ROBEY HEATING t. 0635 6 AR 14° WILL NOT BE _RES! TBLE FOR AR debts contracted by any one other than ms- self. GEORGE C. REAVES. 112 Washing! v Is. Va . 3 £ 4 Soecial rates for smal iois to and from Philadelphia aad New York STATES STORAGE CO.. INC., 418 10th 1. N.W Metropolitan 18: Printing Craftsmen... are at your service for result-getting publicity ‘The National Capital Press 1310-1212 D St_N.W. _Phone Nationa! 0650 NATURAL—Isn’t It? By devoting our efforts entirely to roof work we are eaabled to offer really de- pendable service to Washington house owners. We'll gladly estimate. Call us up! KOONS Roofing 119 3rd St W e -Clompany Blokeich Wanted—Return Loads BT ™ otumbus. © Onie: "Ashevit re in Vermont or New i {ong-distance moving our spe- pewity. Smith’s Transfer & Storage Co, 1213 You 81, North 3343. THE EVENING STAR, WASHINGTON, D. C HOLDING COMPANY IDEAS DEFENDED Martin Insuil Tells Institute Government Regulation Is Harmful. BY% THOMAS R. HENRY, Staff Correspondent of The Star. | UNIVERSITY OF VIRGINIA. August 13.—The great “holding company” was defended as a public benefactor which | | should largely be exempted from Gov- ernment regulation, by Martin J. Insull of Chicago. president of the Middle | West Utilities Co., before the Institute of Public Affairs here last night. Insull declared that the picture of the holding company as an_inordinately greedy business ogre gobbling up local interests is due to a misconception of its purposes and methods. Without its intervention in the power field, he in- sisted, American industry would re- main scattered and inefficient. The agitation for Government regu- lation to protect the interests of power consumers and bondholders, he said, should be confined to the actual opera- | ting companies, since the position of | holding companies is that of common | stockholders who have nothing to do | with the actual operation of the plants. Risks Make Large Capital Necessary. The risks that commonly attend in- vestment in the common stock of such companies, he said, make it necessary that it be held by groups with sufficient capital and varied interests to enable them to assume such risks. In no other way, he indicated. can the national power supply be adequately capitalized. “Let us assume,” he said, “an operat- ing electric power company which has a capitalization of $20,000.000. Of this amount. $10.000,000 consists of bonds, $5.000.000 of preferred stocks and $5 000.000 of common stock. This col pany is allowed by the State commis- sion regulating it to earn a reasonable return on the $20.000.000 invested. After operating expenses and te- s are paid the amount due the bondholders for the use of their money must be paid. Next come the preferred stockholders. The common stockholders get what is left. “If the service is extended into new territories or rates are reduced, in the expectation that consumption will in- crease, the investment of the bond- holders and preferred stockholders is not likely to be jeopardized. whether this happens or not. It is the common ‘smckholder who risks the possibility of oss. “It is the industry’s job to meet the demand of consumers at present prices, to increase the uses of electricity, to extend it to more consumers, and to make it constantly less expensive. The determining factor is the attitude of the owners of the common stocks. determines whether the operating com- pany shall pursue a progressive course or simply stand still. The continuing progress of the industry is due largely to the ownership of the common stock by organizations trained in the utility business which can take risks because of their diversified investments. If the common stock is owned by individual | investors, who generally own the bonds and preferred stocks, a policy of caution would be applied and entensicn of ser ice and reduction of rates retarded. The owners of common stocks take the re- sponsibility involved in progressiv-ness, Small Town Plant Passing. “To the credit of the holding com- panies is the passing of the small town plant and its replacement by the pres- ent operating units furnishing the same class of electric service to town, ham- let and countryside as that given in metropolitan areas, and, considering the difference in density of population served, at comparable rates, This con- tribution alone has had an extraordi- nary effect upon the economic structure of the Nation.” Insull said that the electric industry in America had started with innumer- able small plants, mostly owned by local investors, which were engaged almost entirely in lighting communities. Gen- erally they were too weak financially to underfake any risky expansions. 8ome of them ran only from dusk to dawn, and even then intermittently. Each made its own power, with conse- quent high overhead. Then, he said, began the consolidation of these plants, which required much financing. Be- cause of the risks the common stock was practically unsalable to the pub- lic and the owners had to supply the money themselves. When their re- sources were exhausted they turned to the “holding company” plan by which to place ~common stock investment on a secure basis. Since the “holding company” is not directly concerned with anything af- fecting the public interest, he said, it is doubtful whether it can legally be sub- jected to Government regulation. Canal Zone Not “Protectorate.” “The Panama Canal Zone is still the territory of the Republic of Panama,” declared Dr. R. J. Alfaro, Minister from Panama to the United States, before the institute today. Dr. Alfaro said that diplomatic nego- tiations are now under way for a treaty which will make clear the positions of both nations on this delicate question of international relationships. The in- sinuation that it is & *protectorate” of the United States, he said, is very distasteful to his country. In the original hastily concluded agreement following the revolt of Pan- ama from Colombia, which made pos- sible the construction of the canal, Dr. Alfaro pointed out, the new re- public ceded to the United States all rights it wouid possess “if it were the sovereign.” The very wording of the treaty, ne insisted, conveys clearly the idea that the United States was not to become actually “the sovereign.” The treaty really provides, he said, only for an American right of way across Panama territory and by no means can be construed as setting up a foreign “colony” in the middle of the republic. Assumed Rights Are Irritating. Some of the rights assumed under the treaty by American officials, said, have been irritating to Panama which at first thought that it would prosper from the great sums spent |in the construction and maintenance | of the canal. But, he said, “most 13+ " | of these millions have been spent in | the United States.” i Thus, it was ex- ! pected that the A merican ‘commis- life to workmen and soldiers, but Panama did not contemplate the setiing up of great advertising department stores dealing in such things as Ori- | ental rugs and diamonds. ~Panama | merchants expected to profit by the | marine trade, supposing that the United States would confine itself to selling coal and fuel oil. Actually, he said, it was selling everything a ship could want and has established great refrig- erating plants, storehouses and can- ning factories against which it is use- less for Panama business men to compete. Another source of irritation, Dr. Alfaro said, has been the application of the Volstead act. By special provision, liquor in_transit through the canal or over the Panama Railroad is not subject to any penalty, but citizens of the re- public are subject to arrest for carrying it in their own wagons from one part of the national territory to the other across any part of the Canal Zone. Through wRat he believes to be an in- valid—interpretation of the treaty, he said, land is appropriated “at its 1903 value” so that the owners lose all the accrued values of a quarter of a century. A new treaty was submitted to the Panama Legislature in | legisiators refused to. ratify it in that form, so it has been necessary to con- tinue negotiations. Dr. Alfaro said thi the State Department is disposed cept clauses making it much more ac- ceptable to Panama. 3 Under the 1926 treaty, Dr¥ Alfaro said, it was provided that Papama he | saries would supply the necessities of | 1926, but the | would immediately declare war on a went to war, leading to the conclusion in Europe that, although a member of the League of Nations, it was really a vassal state of the United States. Ac- tually, the Mimster said, this clause was put in at the request of the Pana- ma negotiators rather than because of pressure from the United States and was proposed as an_evidence of their absolute good faith. Actually, he pointed ouf, Panama would have little alternative. Its interests are bound up in the canal. Any attack on the canal would be a trespass on Panama waters. It could not keep its waters neutrel. When the United States declared war on Germany, he sald, Panama declared war the next day. But he insisted that having so much in common with the United States does not make Panama a protectorate or the Canal Zone Amer- ican territory. Panama, he said, has ceded no territory. The United States, under the treaty. can maintain all the institutions of government in the Canal Zone, but it cannot sell or cede an inch of the territory to a foreign nation, which would constitute actual sover- eignty. + WOMAN CONDEMNS PROHIBITION. Criticizes Dry Law, Whether or Not En- forced, at Institute. Prohibition was condemned and its r¢ peal advocated before the Institute of Public Affairs today by Mrs. Marion Booth Kelly, a member of the New York State advisory council of the Women's Organization for National Prohibition Reform. She discussed prohibition _either if enforced or unenforced, and declared her disapproval in each instance — if unenforced, she said, because it fed dis- respect for 'law: and if enforced, be- cause it violated the guarantees of the Federal Constitution. Cites Disobedience of Patriots. is not a moral obligation, Mrs. Kelly as- serted, citing Washington, Patrick Henry. Jefferson and Franklin as “men ditional libertes.” Up until the time the eighteenth amendment was adopted the cause of temperance in America had made a steady advance, Mrs. Kelly said, adding that her opponents admitted this to be true. Local option was increasing and many States had adopted prohibition either by legislation or statutory enact- ment. “Even then there was no open Te- bellion, such as has followed in_the wake of national prohibition,” Mrs. Kelly said. “Statistics of arrests do- not give & complete picture of the increase in drinking.” she said. “I am not exag- gerating when I speak of the terrific increase in drinking in the homes by both young people and their elders. “So long as grapes grow on vines, apples in orchards and potatoes in the ground, the sources of supply for intox- icants can never cease,” she said. World League Secretary Replies. Ernest W. Cherrington, general secretary of the World League Against Alcoholism, answered Mrs. Kellys at- tack on the dry law. If prohibition is repealed because it cannot be enforced, with it will go pop- ular conviction that the experiment in representative government by America has failed, Cherrington declared. change in public opinion since the eighteenth amendment was adopted 10 years ago. Every two years since 1918, he pointed out, a new House of Representatives has been elected and one-third of the members of the Senate have been elected every two years. Today, he said, “there is a larger majority of these representatives of the pepole, both State and national, in favor of prohibition and its enforcement than has ever been recorded.” Taking the position that liberty is relative and the protecting principle in Governemnt is “to make it easy for do wrong,” Cherrington asserted “every wholesome law under such a system adds to the liberty of every individual more than it subtracts therefrom.” Mangum Rites Tomorrow. LANDOVER, Md, August 12 (Spe- cial) —Funeral services for Mrs. Martha V. Mangum. aged about 70, wife of John T, Mangum, of near Landover, who died Monday in a Washington hospital, were held this afterncon at 2 o'clock from Gasch’s Sons funeral parlors here. Burial will be in Evergreen Cemetery, Bladensburg. Will Rogers HOLLYWOOD, Calif.—All I know is just what I read in the papers. And that's an alibi for my ignorance. But today I read where there has been $125 mil- lion spent on these “pre- mature golf courses.” That's great. While it hasn't helped anybody’s go 11 game, or given anybody any exercise, wonderful help to labor, sellers of material, and its benefits have been distributed all over the whole country. So bring on some more nut, ideas if they will do that much good SAVING - Main Office F Street at Ninth ny nation with which the United States | UNIVERSITY, Va., August 13 (#).— | Submission to law because it is law He denied that the dry law could not | be enforced, o, that there had been any | men to do right and difficult for men to [ | | Alexandria Corporation Court early xn‘i | duce witnesses to rebut this presump- | of the past through whose acts of dis-| 18 obedience we have some of our tra-| MORE TIME ASKED | INCANPBELL CSE Opposing Counsel Seeks to| Delay Hearing Until Next Week. Plans were made today to delay until | next week a removal hearing before United States Commissioner J. Barton Phillips in Alexandria to determine | whether Herbert M. Campbell shall be brought to Washington to face trial in the slaying of Mary Baker. Phillips announced he had been in- formed by opposing counsel that they would prefer to have the hearing held next week instead of Friday, the date tentatively decided on several days ago. It was said that the lawyers desired the additional time in order to prepare their case better. “I still am unable to set a definite | date,” Phillips said, “but I can assure you the hearing won’'t be until next week. It probably will be held in the the week." This will be the second hearing held before Phillips in the same case. The first proceedings failed to result in defi- nite action. Since then, however, Fed- eral Judge D. Lawrence Groner of Nor- folk has ruled on several points of law involved at the request of Phillips. Judge Groner held the Federal war- rant on which Campbell has been in- carcerated in the Alexandria City Jail in itself constituted a prima facie case justifying the prisoner's removal. The Jurist decided, however, that the defense should be given an opportunity to pro- Charles Henry Smith of Alexandria, | counsel for Campbell, now vacationing | in Atlantic City, has sald he would be able to prove Campbell was not in the District during the hours of April 11 when Miss Baker was slain. He has repeatedly predicted he would win his fight against the removal of his client. Equal confidence of victory has been expressed by Willlam H. Collins of Washington and Callom B. Jones of Richmond, assistant United States at- torneys, representing the prosecution. Meanwhile, Sheriff Howard B. Fields of Arlington County, sald he had re- ceived no word from Dr. Thomas F. Baker of Oak Grove, Va., father of the slain girl, who was reported en route to | see the sheriff in an effort to have his g?ughwf'a automobile turned over to im. TAXICAB DRIVER FACES MANSLAUGHTER CHARGE By a Staff Correspondent of The Star. ! UPPER MARLBORO, Md, August 13.—Having completed a nine-month sentence for driving while drunk and | leaving_after colliding, Willlam Raw- lings, Bethesda, Md. taxicab driver. who is alleged o have run over and | killed John Paul Goode in Capitol Heights last November, will be returned here today to answer an indictment for manslaughter, according to Deputy Sherift A. W. Hepburn. Rawlings | served his sentence in the House of | Correction. | Marriage Licenses Issued. LEONARDTOWN, Md., August 13/ (Special).—The first marriage licenses to be issued at the Leonardtown court house in several weeks were issued Mon- | day to the {wo following couples: John Walter Tippett, 20, of Maddox, Md., and Eva Whaehen, 18, of Clements, Md. | | | George F. Young, 18, of St. Marys County, and Lillian Curtis, 23, of St. Marys County. Fire Damages Automobiles. Pire early today slightly damaged two | automobiles and the metal garage at 414 Twelfth street southwest. The ga- rage was the property of Louls Conner | and one of the machines belonged to Conner and the other to Jesse Tucker, a neighbor Begins Friday Branch 341 THE HECHT Systematic saving on a care- fully budgeted surest way to ness and financial success. Ask those who are doing it! is a pleasure Our Budget Book is yours for The Washington Loan and Trust Company JOHN B. LARNER, President 17th The Annual Sale of Men’s Overcoats for additional informa- tion or see Thursday’s Star or Times “F Street at Seventh™ 16 WORLD COURT CHOICES FROM .S Pound, Root, Scott, Kellogg and Wigmore Listed for Bench. By the Associated Press. ! GENEVA, August 13.--8ix United | States citizens have been nominated for election to the bench of the World Court, regular term, and 10 others for the remainder of the term of Charles Evans Hughes, who resigned to become Chief Justice of the United States. The | lists were published today by the sec- retariat of the League of Nations. The Americans nominated for the full term and the national groups which nominated them are: Roscoe Pound, dean of the Law School il of Harvard University, by Australia, Great Britain and Siam. Elinu Root, Nicaragua. James Brown Scott, author of inter- national law authority, by Cuba. Denmark Favors Kellogg. Frank B. Kellogg, former Secretary of State, by Denmark. George W. Wickersham, former At- torney General, by France. John H. Wigmore, dean of the Law School of Northwestern University, by the Dominican Republic. Those suggested to complete the term of Chief Justice Hughes and their spon- | | sors are: Newton D. Baker, former Secretary of War, by Siam. Roland William Boyden, banker and lawyer of Beverly, Mass.,, by Austria. Charles Cheney Hyde, Northwestern University Law School professor and diplomat, by Holland. Prof. Jessup Swiss Choice. Prof. Philip Jessup, by Switzerland; Frank B. Kellogg, by Denmark, Nor- way and Uruguay; Roscoe Pound, by Australia, Germany and Britain; Brown Scott, by Bulgaria, Czechoslovakia, Estonia, Finland, land and Jugoslavia; George W. Wicl ersham, by France, Sweden and Switz- erland; John H. Wigmore, by Belgium, Bulgaria, Luxembourg and Portugal; George Grafton Wilson, by Norway. Election of the full bench of the “Going, going, gone.” That's what happens to the grime in everything sent to the HOME LAUNDRY. Home Laundry makes a bid for your patronage, . based upon .its up-to-date plant, its fast and court. eous service, its reason- prices. SOLD? HOME LAUNDRY Phone AT lantic 2400 , August 15 CO. income is the domestic happi- the asking West End Office at G and Penn. Ave. Capital, Surplus and Undivided Profits $3,500,000.00 WEDNESDAY, AUGUST 13, 1930. tribunal will take place during the ses- sions of the League Council and As- sembly next month and the choice of & successor to Mr. Hughes to set until the terms of the present justices expire at the end of this year would be made at the same time. ‘The list has not yet closed and nomi- nations of the American group are still being awaited. Balloon Destroyed by Fire. BUCHAREST, August 13 (#).—A Te- port from Kronstadt yesterday said that an unidentified balloon, containing two occupants, caught fire above a nearby forest yesterday and was destroyed. No traces of the basket or its oc- cupants were found. season clearance. $38 to $75. Fashion Park Worsted Were $16.50 and $18. sers. $10, $12 and $13.50 Shirts separate collars Burton poplin, etc. Were $2.50, $3.00 and $3.50 Fancy shirts, separate collars match. Were $4.00, $4.50 and $5.00 Glenbrook cloth shirts, neckband and collar attached and - collar at- Summer Robes Broadcloth, etc., that were $5.00, now...... Foulard silks fine rayons that were $15 to $20 None excepked;jult take your own selection—formerly (3-piece) Most exclusive weaves and models; tailored at Fashion Park. Were $50 to $75 529.75 Linen and Nurotex Suits. Plain-shade Flannel Trou- White Flannel and Striped Serge and Flannel Trousers. White Linen Knickers. § Were $3.50 to $5. .. .. Fancy shirts, with to match and collar at- tached, in madras; also $1.59 3 for $4.50 with to 32.29 3 for $6.50 broad- pre- shrunk, in plain shades; 31.79 3 for $5.00 Imported Southamp- ton broadcloth shirts, white only; neckband $2.89 3 for $8.50 $2.95 and $7.95 PARADE WILL PRECEDE FIREMEN’S JUBILEE Chief G. W. Allwine, Grand Mar- shal, Will Be Escorted by Arlington Police. Special Dispatch to The Star. FORT MYER HEIGHTS, Va., August | 13.—A parade through the county will | precede the convention meeting of the Arlington-Fairfax Counties Firemen's Association at their annual jubilee to- night, which is being held on Wilson Boulevard. The parade will leave the Jefferson District Fire House, Virginia Store Open Until 2 P.M. Saturday Right Down to Rock Bottom We've gone the limit now in clearance reductions. The highest grade apparel for men reaches its greatesf reductions in this mid- All 3-Piece Fashion Park and Mode uits and Topcoats - Lot of $35 Top Coats— Glenbrook weaves ..........co0000unn. No Charge for Alterations Tropical Suits (¢4 $1 3.75 84.95 Linen and Linen and Were 57,95 2.95 Wool Knicl | | | | L] All Stiff Straw Hats NOW . $1.00 Still Deeper Reductions in Furnishings Practically all that remains of the Spring and Summer stock of haberdashery is included at these sensationally low prices. Neckwear In 3 Groups Mode cut silk neck- wear. ssc Regular $1.00 and $1.50 values 3 for $1.50 Mode cut silk neck- ‘wear. Regular $2.00 31,15 and $2.50 values 3 for $3.00 Mode cut silk neck- wear. Regular $3.00, $3.50 and $4.00 § values . 1.55 3 for $4.50 Fancy Street Hose In 2 Groups Rayons, lisles, etc., in the popular patterns and shades. 3 for $1.00 5% 3 for $1.50 ‘The Mode—F at Eleventh Mode Tropical Worsted Suits Also Pongee, Flannel, Linen and Silk Mixtures. Were $25, $30, $35 32 1 .75 Were $20 and $22.50 ers. Were $7.50 to $9 fours. Were $10, $12 and $15 dras union suits, were suits, including shorts, longs, etc. grades grades gra gra | Highlands, at 5:30 o'clock, with Chief | George Frank Aliwine as grand marshal, | who will be escorted by members of the Arlington County police force, o ARMY OFFICERS CHANGED Maj. J. LeT. Lancaster, Sth.Infantry, has been transferred from Fort Sam Houston, Tex., to Honolulu, Hawaii, and Capt. Peter E. Bermel, Engineers, from Jacksonville, Fla. to Fort Humphreys, Va. The resignation of Second Lieut. Donald E. Mitchell, Infantry, recently stationed in Hawail, has been accepted by the President. 9.75 5181 and 3 piece) Mohair Suits. 516.75 Nurotex Knick- § 4,95 kers; big plus $5.95 Underwear Fancy shorts that were $1.00 59c and $1.50 3 for $1.65 Fancy shorts that were $2.00 31,19 3 for $3.50 Mode athletic ma- 3for $2.25 Rockinchair union 3 for $3.50 Sitky Mu .. ¥17° 3 for $5.00 Golf Hose In 4 Groups $1.50 and $2 79c d 5350 51.89 and $7 §9.95 $3 and $3.50 $5, $6 des . ot