Evening Star Newspaper, September 15, 1930, Page 22

B—6 GRAIN FINANCING PLAN ANNOUNCED Bank Syndicate Will Handle $30.000,000 of Grain Stabhilization Paper. the Associated Press CHICAGO, September 15 of credit asr»cmm s with a bank syn- dicate ag of the move- the Grain Stabilization Corporation A syndicate of important banks— headed by the Con 1 Tllinois Bank t the National City v will han- dle Grair es, Mr. Mil- | | Execution and the Chase | Auto Is Wrecked As Dangling ‘Man’ Startles Driver By the Associated Press. PITTSBURGH, September 15. —Joe McGovern and _some friends were enjoying & spin in Joe's automobile yesterday and were crossing the new East Street Bridge when somebody in the car noticed the form of a man_dangling from the span “Look! Look!" cried Joe's friends. He did. ‘The next instant Joe's car was wrapped around a tele- phone pole. That, of course, tied up traffic and a dozen policemen came rushing out to untangle things. Meanwhile, word of the body hanging from the span got to the police stations and two fire com- panies brought ladders and fire- men climbed up and cut down the- it was a dummy NEW HUNT CLUB PLANS | FIRST CHASE WEDNESDAY Fox Bpotk to' Be Wevived diiElow. THE EVENING STAR, WASHINGTON, BARKLEY DEFENDS ATTACK ON TARIFF. | Senator Repeats Bellef That Smoot-Hawley Bill Has Bad Effect. Senator Barkley of Kentucky, last night replied through the Democratic National Committee, to the challenge of Undersecretary Mills of the Treas- ury to his recent assertion regard- ing adverse effects of the Hawley-Smoot tariff on international trade. ‘The statement issued by the De- partment of Commerce on September [ 11 shows that our exports declined for | the month of July alone in the sum of more than $136,000,000 as rnmplred wi 1Lh the same month in 1929,” he said. “Mr. Mills seeks to create the im- pression this loss is of no consequence because it can be made up by sending American tourists abroad, and that the economic doctrine is to be advanced that the debtor nations will pay us what they owe us out of the money that the American tourists spend abroad. Tourists are not produced by Ameri- can labor and very few American laborers under prv‘«v‘nt conditions can | become tourists, but American goods ) shipped abroad are produced by Ameri- | can Jabor and it helps to give employ- Grad: Mccumwk mmm Glasses Fitted m C Eyes Examined DR. CU\LDh S. SEMONES Eyesight Specialist I 409-410 McLachien Bids. 10th and G Sts. N.W. D. C, MONDAY, SEPTEMBER 15, 1930. ment to millions of American workmen l “In proof of the recent statement | which I made concerning the effect of | the Hawley-Smoot tariff upon our foreign trade, the President of the United States was yesterday visited by a delegation of English and American business men and warned that the | people of England would not continue | to buy grain from the American farmer if unreasonable and indefensible tarif cates were to be maintained against their own country,” he concluded. Unusual heat and a shortage of rain- fall did serious damage to crops in Czechoslovakia this year. | TURKS END CAMPAIGN | ANGORA, Turkey, September 15 (). — Turkish troops today were reported to have wound up a successful campaign against Kurdish rebels in the Mount Ararat district. All rebel forces were wiped out with- out mercy, as well as many tribal leaders the ar reports asserted. 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The Continental Illinois Bank & Trust Co. has been named gen- eral custodian of the collateral to be held for the account of the accepting ard County—Headquarters at Burleigh Manor. & DYERS/ BALTIMORE, September (\ first cup hunt of the new Howard 5 County Hunt, which recently was organized to revive the sport of fox- hunting in that county, will begin Wednesday morning at 6 o'clock from headquarters of the 15.—The LADIES’ and MEN’S FELT Burleigh Manor, new hunt For many years fox-hunting was sponsored in Howard County by the Patapsco Hunt. Ten or 15 years ago this organization went out of existence, but the new Howard County Hunt hopes to renew interest in the sport. T. Stockton Matthews, chairman of > n of the agreement is in line of the Federal Farm Board vy the provisions of the agricult keting act for the benefit of ag: e without disturb- ance to industry or banking,” Mr. Mil- nor pointed out. “While the corporation handled its tions without ial banking ted—in view vears much of their f d in financ- ing grain portunity to join with the corporation in carrying its grain stocks. Bank Credit in Excess, “This being in accord with the cor- poration’s policy and that of the Fed- eral Farm Board, which finances and supervises the operations of the cor- poration, the bankers' acceptance agree- ment was made, All the grain owned by the corporation was paid for in cash and the corporation is entirely free of bank indebtedness, making the grain collateral owned by the corporation available to secure the bankers' ac- ceptances. ‘The amount of credit of- fered by the accepting banks was great- 1y in excess of the amount to be bor- at the banks have an op- | a committee to organize the new group, said that the number of applications for membership had been an agreeable surprise. Another hunt will take place Satur- day, October 1 Stove - Bmler Repairs Rudolph & West Co. Temporarily Located HATS Expertly Cleaned and Blocked by Factory Experts. . . 605 15th Street N.W. 3614 14th Street N.W. 1735 Conn. Avenue N.W. 5th and H Sts. N.E. 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