Evening Star Newspaper, March 6, 1931, Page 3

STOCK “WRITE-UP" Federal Trade Commission Accountant Testifies in Power Firm Quiz. By the Assoclated Press. A TFederal Trade Commission ac- countant testified at a ‘public utilities hearing today that there was a “write up” of $17,412,200 at the time the New England Power Association acquired the assets of its predecessor, the New England Co., in 1926. ‘The witness, R. E. Barnes, said the increase came to new valuations of common stock of the New England Co. He added that these stocks were re- corded on the books of the company at $14,554,800 and that on the books of the association they vere “written up” to $31,967,090. Barnes testified that later the ledger wvalue of the common was increased to $33,593,632. Officer Gives Explanation. Frank D. Cumerford, president of the New England Power Association, later issued a statement which he said ex- plained the “so-called write-up.” He eaid the stockholder of the old New Eng- land company, which held properties of other companies, sold them to a new up, including New York interests, for a price in excess of the value car- ried on the books of the old company. “The additional value placed on these ets by the new owners” he said, “represented largely a natural enhance- ment, but partly reflected earnings left in the company over a long period of years and not declared out in dividends. “The books of the old company largely represented values determined 15 or 20 years ago. The new owners, after care- ful re-examination by engineers and other experts, invested $20,500,000 cash }n the ne:;‘ company, which was used or expansion purposes.” Bll’l‘::l slldpfl the book value of the New England company investments, as ghown by the books of subsidiaries, was used instead of the ledger value of in- vestments, on the Ne\,mllnd com- pany books, the excess valuation would amount to $19,285,228. Proposal of Association. The association was organized, Barnes said, to provide means of expansion for a public utilities group, including the acquisition of a market for hydro-elec- tric power through retail distribution. He reiterated testimony by other wit- messes that control of the association rested in the hands of the International Paper & Power Co. At the time of the formation of the association, he said. international interests held only 25.8 per cent of the common stock, but that later this was increased to approxi- mately 85 per cent. & Kenneth A. Miller, commission ac- countant, today ended testimony in which he traced developments of com- panies which grew finally into the asso- ciation. He was questioned by Robert E. Healy, commission counsel, about a contract between the New England Co. and the Deerfield Construction Co., by which the latter agreed to develop four waterpower sites. Miller said in the series of financial transactions be- tween them the Deerfield Construction Co., in return for bonds having & par value of $750,000, received securities from the New England Power Co. of Maine, & New nd Co. subsidiary, valued at $5,000,000, a difference of $4.250,000. “Miller, however, did not testify that this was a “write-up” and sald it was partly accounted for by other trans- actions. Association officials have contended since the hearing began that all appar- ent “write-ups” are explai. by a natural increase in value ove: a period of years, or by other transactions be- L M If all the oceans dried up, it has been estimated that the salt deposit left ‘would form a covering 1 mile thick over 1,000,000 square miles, SPECIAL NOTICES. ANY ONE ..flnlfl ‘COLLISION AT 14th ST. and N. Y. ave. opposite st. car platform, 33030 Pom. Maren 4, ‘please call Adami FURNACE AND PIPE REPAIRS. P) every furnace: -hour _service. 1395 Plors : ARTS POR heating_systems installed; “ROBEY HEATING Ci ne.Lincoln 1440. LARG) 'OK. MAKING WEEKLY TRIPS 1o South Carolina, desires load to points en Toute: low prices.” Lin. 4225. e WANTED— RAGE _ 1313 You St. N W _Phone North 3342.3343 WANTED_FULL OR PART LOAD FOR THE below listed eities and ute: AMERICAN STORAGE Adams 1450, OUR ONE JOB 18 TO MOVE YOUR GOODS With care. ‘consideration and low cost to or from any’point within 1.000 miles. 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Frank Kell 41 Georgls Ave. Jolson, No Tears, and Much Fun At “The Wonder Bar” Premiere. L JOLSON came back to the theater last night a new man. He ran down the aisle in & top hat, white silk scarf and black evening coat and ran up the impromptu steps onto the stage, his blackface, his tears and mammy songs left some- where in Holly- wood. He sang in any old lan. guage that hap. ned to and when he got down on his knees and plug- ged out a song in the fashion which no one has yet - suc- cessfully imi- tated he was singing in French, and mammy was “ma mere,” and pappy “mon pere”—and the audience loved it, just the same. All of which goes to prove that Jolson is still the great bandmaster of this sort of light en- tertainment and—Ilike an -opera—is just as enjoyable when you can't understand him. Morris Gest and the Shubert out- fit have brought all this about in “a continental novelty of European night life” called *“The Wonder Bar.” It opened last night at the Belasco with a festive air not du- plicated here in & long time, if at all. The venerable theater, robbed of rows A, B, C and D, and part way turned into a night club, greeted its patrons with soft dancing music, allowed the members of the cast the same entrance as its cash customers, and made late comers feel as if they might very easily be permitted to engage a table on the stage with Mr. Jolson or Wanda Lyon, or the trim, the beautiful Spanish dance menace, or even the Albertina Rasch ladies, who later presented their dancing wares so Juxuriantly. It was, in fact; an informal sort of a business—since the plot was un- folded all over everywhere—the dis- ilusioned heroine sobbed all the way up the aisle after her gigolo had played her false; the gigolo wan- Al Jolson. .dered in and about the first few rows casually and embraced a new conquest within an inch of a prom- inent front-row spectator, while Mr. Jolson himself shook hands with an important member of the press, wel- ;ofi:x;‘g"lum as “Good evening Mr. Although this business of having the action weave itself through the audience is not strictly original, the manner of this new piece is thor- oughly pleasing and, for the most part, interesting. The first night found it creaking in spots, a trifle Jong, and not quite as amusing as some of the Jolson vehicles. - But as soon as these crinks are ironed out it should go into New York with flags flying and the band playing. “Two evenings in the life of a gi- golo” might be the title of this, with Mr. Jolson pla; proprietor of the cafe (the Wondet Bar) and fix- ing up the little story that runs through it—of heartbroken ladies, stolen necklaces and false loves—in his usual genial way. He sings “Don- na Clara”"—the new song that will be sweeping the country soon. like a hurricane; he jests impolitely about the king, who should have been a Queen; about lunch at the White House, etc. And when, at the vrey end, he came to the front of the stage and sald—out of his part— “Do you really like it?” the audience last night stood up and bellawed a very distinct “yes” with its applause. It wouldn't be surprising at all to hear that Rex O'Malley’s. in - tion of the lo role won fti much twisting and wriggling, or that Chilton and ‘Thomas are two of the best dancers in_the world. Mr. Jolson has surrounded himself with much talent (one doesn’t have to look far to see the distinguished countenance of Louis Silvers, of mu- sical film fame, in the background), and just 50 as not to disappoint some of ipers Al appears for just about half & minute in blackface as his old lln‘ln; ::uer self. “The Lottery Bride,” At Rialto, a Cold, Cold Romance. NLESS memory deceives, work was started on the produc- tion of “The Lottery Bride” many, many months ago. As shown yesterday béfore a huge afternoon audience at the Riaito, it suggested, ever so slightly, that it might have been put away in a cinema warehouse to cool and then tumbled out when the picture market seemed to be taking to musi- cal sundries again. This is one of those operettas in which, when the hero is left alone in the house, he just can't help bursting into song with the help of a large orchestra which has been lurking outside all the time. Thus, yes‘erday, John Garrick, one of the Teal singing Romeos of the screen, unleashed his love in a vocal selec- tion and ran out into the cold. while his lady-love. who had been listening at the key-hole, wrung her hands and ran after him—without suc- cess. As a matter of fact, it seemed as though much of the score of all this was very effective. The musical accompaniment, as supplied by an excellent orchestra, in which there were many sweeps of melody by the hlrlml. rang out boldly and pleas- antly. Unfortunately, not so much can be said for the story. It is original, but not convineing. Jeanette MacDonald and John Garrick, as well gs Joe E. Brown and Zazu Pitts, are not at their happlest as lovers in Oslo, Norway. And then, when the great excitement of the story leads Mr. Garrick to seek fame by flying off in a polar dirigible and come tum- bling down on a mountainous sea of Hollywood ice, one’s imagination has 'heen strained to the breaking point. The comedy which Mr. Brown injects into this romance of a girl scld by lottery as “wife No. 66" to the brother of the boy she was really in love with is amusing but not hilarious. Miss Pitts is ditto. And Miss MacDonald is not by any means as lovely to look upon as she has been in some of her more recent films. E. De 8. M. “The Last Parade” Starts Week at R-K-O Keith's. 'RADITIONAL tales of friends who face each other over a bat- in wars of nations are matched by experiences of those who are for and inst the law. in “The Last Parade.” The new Jack Holt film opened last evening at R-K-O Keith's. Its range is from light comedy to tragedy. The d is torn between the of things that are reasanable and the Jure of adventure which might be found in a city on a mlclun:ofltu“ be the product B e e plots. It s observe a mud&un personality play- ing a lone hand, but such hands are not ordinarily expected to win tre game. Reviews and News of Washington's Theaters. il THE ¥ i Li bling with human lives, is seen to create more striking' drama because he sacrifices his own interests for others, while an officer of the police must hunt & lifelong friend. It is more than a gangster picture, for the story begins with the World War, in which all preliminaries to the incidents are cut from the pic- ture, and one plunges abruptly into the theatrical story. This is true also of the later scenes in gang- land. The chief character is car- ried chrmxgh Tugged fighting in both peace and war. The whole story represents a career illumined by Jack Holt's audacious method. It is not written with the best possible skill, for at times there is a monot- ony of phrases, but these may be matched against the fact that it is one of Mr. Holt's best vehicles. Almost equal to the work of the leadinz member of the company is that of Tom Moore as the police official, a discriminating plece of acting which may well arouse the enthusiasm, and Miss Constance Cummings who, in the lone femi- nine role of the chief incidents, is commendable throughout. Robert Ellis, as the gangster chief, presents an original conception which is not lacking in special interest. Clar- ence Muse, in a colored part. gives a good characterization, while the famous Edmund Breese is a good city editor, although the newspaper features of the play are a bit gro- tesque. Other members of the cast are Gaylord Pendleton, Earle D. Bunn, Jess de Vorska, Ed Le Saint, Gino Corrado and Robert Graham. Short comedy subjects and a news- reel complete the progrum‘.) cc Tiller’s Marionettes Open New Theater Here. A CHINESE Emperor steps upon the stage amid the colorful surroundings of his Oriental palace. He bows and makes an announce- ment. A world-famous pianist dis- plays his technique, a “questionable contralto” warbles, a horse, Alger- non Reginald by name, does & tap dance to music; a family of Hotten- tots give a little version of their everyday life, the Tiller Girls give a whirlwind dance in a Winter set- ting, Peter Rabbit and his family show just what may happen when a Cottontail misbebaves—and all this in one performance. But Sxeey are all puppets. An ar- ray of tiny, cleverly costumed char- acters that come to life through the pulling of a few strings. They talk, they sing, they dance, and they do about everything that a human player can do on the stage. At the preview of young Theodore ‘Tiller's marionettes, celebrating the om‘ of his new theater, at 2505 Champlain street northwest, last night the audience was made up mostly of persons who were too old to answer the draft call in the World War, but it was an audience which marveled at the skill of the boy impresario. The little theater is a complete al ', designed to give the illusion of a large theater, and the miniature players are cleverly handled. Last night's special pro- duction was “Peter Rabbit,” which is to be one of a series of four plays presented with the puppets, begin- JUST PLUGC 1T N2 distinction. BARRINGTON Mal case with a..“fl burl in- inch dial VENING STAR, WASHIN vatory Time into your home, through your local power house. An unusual example of clock beauty. N97s Home Flower Market 1503 Connecticut Avenue Under Management J. H. Small & Sons SPECIAL Friday and Saturday Roses, per dozen, 75¢ Sweet Peas, per bunch, 40c Cottage Tulips, per dozen, 80c Darwin Tulips, per dozen, $1.00 Jonquils, per dozen, 75¢ King Alfred Jonquils, per dozen, $1.00 Carnations, per dozen, 60c Hyacinths, per plant, 75c and $1.00 Home Flower Market 1503 Connecticut Avenue Under Management of J. H. Small & Sons e e o i, G TON, BILL IS ADVANCED House at Annapolis Acts on Major Measures—Passes Purse Net. i By a Staff Correspondent of The Star. ANNAPOLIS, Md., March 6.—Hold- ing intermittent sessions throughout the entire afternoon, the Hous: of Delegates yesterday acted upon two of the major bills to come before it tnis session— adopting & favorable report, with amendments, on the State-wide anti- blue law bill and passing the bill ban- nm.i‘ the use of purse nets. The principal action in the Senate was the overriding of an unfavorable report on a measure to prevent the Legislature from extending judge's terms and the recommitment of the *'snoopers’ bill” to the Judicial Proceed- ings Committee, Counties Exempted. Both Montgomery and Prince Georges Counties exempted themselves from the provisions of the anti-blue law measure, sponsored by Speaker Francis A. Michel, which grants the mayor and Council of Baltimore gnd the commissioners of the various cofinties “home rule” in regard to Sunday amusements. Other counties which exempted themselves from the [terms of the bill were Talbot, Cecil, Dorchester, Harford, Carroll, Frederick and Baltimore, Dr. George L. Edmunds, chairman of the Montgomery delegation, and Kent R. Mullikin, Prince George'’s chairman, both explained that there was practical- ly no dissatisfaction with the Sunday conditions now in the two counties and hencs deemed it unwise to raise the | issue. The purse net bill, introduced by Delegate C. Willing Browne of Balti- more County, passed the third reading in the House late in the afternoon by the overwhelming vote of 83 to 20. It now goes to the Senate for final action. Alfimugh the bill to abolish the pay- ment of informer’s fees from fines or costs in & criminal case was set for a special order of business in the Senate the debate on the judge’s extensions | took precedence, and When the “snoop- er” measure finally came before the Upper Branch late in the day it was re- ferred back to committee without de- bate. Entertainment at Fairfax. FAIRFAX, Va., March 6 (Special). —Providence Council, Daughters of | America, will give an entertainment for the benefit of the council tonight in Robey Hall at 8 o'clock. The arrange- ments are in charge of Miss Nadine O'Bannon, chairman of the Good of the Order Committee, who has ap- pointed a large committee to assist her. “ning March 7 and. 8. Three per- formances are to be given at the little theater each Saturday and one performance on Sundays at 3 p.m. Those assisting young Tiller are Frances Vaughan, Barry Mulligan and Everett Stevens. NOTRE DAWIE 3247 ms"i.:bm ai.lm finished raised numerals. Pay 50c Weekly The Price the Same, Cash or Credit 1004 F St. N.W. D. O, F VO RID i g 3 Y. Will Rogers Says: Bl LY HILLS, Calif—We finally found how to keep from calling an extra session of Congress, appropriate all the money at the last one. ‘That little fellow Einstein sailed away for Germany today. And we sure do miss.- him in California. The radios, the ban- quet tables and the weeklies will nevef’ scem the same. He came here for a rest and seclusion. He ate with everybody, talked with everybody, posed with everybody that had any film left, attended every luncheon, every dinner, every movie opening, every marriage, and two-thirds. of the divorces. In fact, he made him- self such a good fellow that nobody had the nerve to ask him what his theory was. D.C-ANNAPOLISBUS LINE ENDING ASKED W., B. & A. Files Petition at Baltimore Asking Permis- sion to Withdraw. Special Dispatch to The Star. BALTIMORE. March 6.—The bus line operated between Annapniis and Washington by the Washington, Balti- more & Annapolis Electric Railway Co. will be discontinued, according to an application filed yesterday with the Public Service Commission. In asking permission of the commis- sion to discontinue this service, Harry T. Connolly, general manager of the Washington, Baltimore & Annapolis Railway Co., said the bus line has been operating at a deficit ever since it Was started in 1927 as an interstate and intrastate service. Referring to this loss, Mr. Connolly, in his_petition, said: “When this service was inangurated passengers_traveling between Washing- ton and Annapolis using the railroad were compelled to wait 20 minutes at Naval Academy Junction for the arri- val of the train from Baltimore to. con- tinue their trip. On November 2, 1930, this_feature was eliminated with the result that patrons of this company formerly using the bus abanconed its use and returned to the rafl service.” - INNEARBY BILLS Friendship Heights’ Tax Measure Passed—Mt. Rain- ier Legislation Advanced. By a Staff Correspondent of The Star. ANNAPOLIS, Md, March 6.—One Montgomery County bill was passed in the Senate, a Prince Georges bill ad- vanced in the House, and two. imeasures presented by the delegates of the two counties yesterday during tbe busiest session the General Assembl” has had since the current term opened. ‘The bill adopted in the Senate was one introduced by Delegate George L. Edmonds to raise the maximum possible tax rate in the Priendship Heights spe- cial taxing area from 10 to 30 cents p=r $100. The measure now goes to the Governor for his signature. Mount Reinier Measura. A bill presented by Delegate Willlam F. Keys to eliminate unenforced statu- tory restrictions which would prevent women from voting in Mount Rainier town elections was favorably reported in the House by the Prince Georges County delegation. The entire delegation sponsored bill dropped into the House hopper yester- day to generally amend th: Mount Rainier town charter, improving and clarifying the wording. A change in the tax assesmen: on in- surance companies to make the charge against domestic fire and marine in- surance companies more equitable was proposed in a bill introduced by Dele- gate Charles C. Marbury of Prince Georges County, Subject to $1 Assessment. At present Maryland fire and marine insurance companies are subject to an assessment of $1 each on each $100 val- uation, while “foreign” companies, that is those of other States, are assessed at a rate of only 25 cents per $100. ‘The object of the bill is to reduce the assessment on the domestic companies to the 25-cent rate. The domestic com- panies, Mr. Marbury says, do only a small percentage of the business now and pay a large per cent of the tax. DAUGHTER AIDS JOHNSON ‘The Washington base ball club is to have a new mascot. Barbara Johnson, youngest daughter of Walter Johnson, manager of the club, left Washington today for the Biloxi fraining camp to take over the mascot's duties. Barbara was accompanied by her god-. father, Thomas F\ Flaherty, and Mrs. Flaherty. she is taking no\chances and wants to be on hand to help “Daddy” get the team in shape. ‘When she left the young | lady predicted, “Daddy will win,” but | STEPDAUGHTER DENIES MOORE WILL AGREEMENT Mrs. D. Russell Calvit Seeking to Break Last Testament of Ex-Envoy, By the Associated Press. nial knowledge any pmug between Alexander P. and Lillian Russell, ‘actress, was made yesterday defense at the hearing of the -n'é" by Russell ;:-xm to break will of step- ‘whereby Mr. Moore stepdaughter half of his estate. was left $1,000 out of an estate Attorney John he had known M and had drawn wills for him since the death of his wife, quoted Mr. Moore as _once having said regarding Mrs. Calvit: “I owe her nothing. She has talent and should work and, besides, she is married.” NAVY PH!SdNER FREED Benjamin T. Cripp, Ex-U. 8. M. C. Captain, Gets Pardon. PORTSMOUTH, N. H, March 6 (®). —An appeal on behalf of the sick par- ents of Benjamin T. Cripp, former cap- tain of the United States Marine Corps, led today to his discharge from the Portsmouth Naval Prison. He had served 415 years of a 10-year term for disorderly conduct. His parents live in Flint, Mich. 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