Evening Star Newspaper, May 19, 1931, Page 5

WORLD BANK GAINS # SHOWN IN REPORT President M’Garrah Reveals PDeposits Have Grown Rapid- | W During the Past Year. By the Associated Press. BASLE, Switzerland, May 19—It tcok only 35 minutes today for the central bankcrs and other delegates Crash That quk Life of Flying Ace THE EVENING STAR, WASHINGTON, D. C., TUESDAY, REMARKABLE PHOTO OF HOLMAN SMASH-UP IN OMAHA. from 24 nations to settle their busi- [ ness at a meeting of stockholders in the Bank for International Settle- ments. Since his report had previously been submitted, President Gates W. Mc- Garrah confined his remarks to a brief speech of welcome. When he asked for discussion ncbody had anything to say and in rapid succession his report was adopted, a dividend of 6 per cent was voted and his other recommendations were approved. Then the general meeting adjourned. ‘Work Summed Up. Mr. McGarrah's report summed up the activities of the fiscal year, tracing | the bank's growth from seven share- holders to 23 and from deposits total- ling 220,000,000 Swiss francs, with TRADE BOARD GOAL 151,000 MEMBERS Milton F. Schwab Takes En- roliment Reins From Hands of Jerome Barnard. | the objective for the ensuing year by | the Membership Committee of the trade | body, meeting last night at the Manor | Club. ~This is the highest quota ever | set by the board. The meeting, attended by about 100 members, was a tribute to the retiring Barnard, and also marked the induc- tion into office of the new chairman, Milton F. Schwab. The committee under the direction of Mr. Barnard last year was praised for its mark of attaining 700 new mem- bers, which was called a good record because of the depressed condition of business generally. Also, it was pointed | out, the number of delinquent incmbers | was reduced from 6 to 5 per cent. Lauded for Membership. ‘The Board of Trade was given spe- | cial commendation by the United States | Chamber of Commerce in its current national bulletin for the record made A goal of 1,000 new members for the | | Washington Board of Trade was set as | chairman of the committee, Jerome F.| MAY 19, 1931. last year in membership, in the lmml of the depression year, which caused the enrollment of trade bodies through- out the country to slump. George W. Offutt, president of the Board of Trade, and George Plitt, E. J. Murphy, W. W. Everett and E. C. Brandenburg, past presidents, gave testimonials to Mr. Barnard for his services to the trade body. An entertainment program was given by the Marjorie Webster School Glee Club, the Spark Plug Boys, Julia Cun- ningham. Rose Novak, Bill Raymond and Edith Reed. Mr. Barnard was the recipient of a number of testimonial gifts, MRS. ELIZABETH AGNEW, OLD RESIDENT, DIES — | Long Illness Terminates in Death | of 68-Year-0ld Widow of Frank E. Agnew—Funeral Tomorrow. Mrs. Elizabeth A. Agnew, 68 years old, for more than 40 years a resident of Southeast Washington, died at her home, 209 C street southeast, Sunday | after 'a long iliness Funeral services will be conducted at St. Peter's Catholic Church tomorrow morning 2t 9 o'clock following brief services at the residence. will be in Mount Olivet Cemetery. Mrs. Agnew, a native of Lynchburg, Va., w formerly an employe of the United States Senate. She was the daughter of the late James and Elizabeth Mosely | Slaughter. | she is ‘survived by four daughter: | Mrs. Asa A. Keiser of Detroit, Mrs. | { Wesley H. Morris of Brooklyn, N. Y. Interment ! the widow of Frank E. Agnew, | Mrs. Thurston B. Johnston and Irene D. Agnew, both of this city, a son, Alfred E. Agnew of this city. She also leaves two sisters, Mrs. James Reif of Phoenix, Ariz, and Miss Sue Slaughter of Alta Vis grandchildren. Women Haters Organize, HANKOW, China (#.—A “no wife" society has been formed here with a Chinese chartered accountant named | Fan as its leading spirit. to henpecked husbands, Pan, who re cently figured -in the local divorce court, declares that modern women are “like serpents and lions.” Bachelor- hood is the key to happiness, he says. Handicap greyhound races now are popular in London. Bond is BLUE , Va., and four In a circular | * A-S HONORED BY COUNCIL Mrs. Clara Wright Smith Heads Democratic Educational Group. Mrs. Clara Wright Smith was elected president of the District of Columbis Women's Democratic Educational Coun- (il at its annual meeting in Stoneleigh Court last night. Mrs. Grattan Kerans | was elected first vice president. Other officers elected were: Mrs. Lester F. Pollock, second vice xpmldl;ntl:‘ gn. R. K. Noble, treasurer; | Mrs. M. L. Streeter, rec secretary; Miss Mary Judge, o secre- tary: Miss Mary Hi itor; Miss Sue | 8. White, parliamentarian; Miss Kath- | arine M. Dabney, field secretary, and Miss Mary E. Lazenby, historian. backing S an GRAY Omaha Air Races, May 17. Holman attempted to ncgotiate a barrel roll close to the ground to thrill the crowd. He was flying upside down, when he was thrown from his seat. at speed of more than 200 miles per hour. assets and liabilities of 300,000,000, to deposits of 1.780,000,000 and total assets and liabilities of 1,900,000,000 last ‘The plane, becoming unmanageable, crashed at | CTUAL photo of crash of Charles W. “Speed” Holman's plane in front of a crowd of 20,000 spectators at the | / & Cameramen, alert to photograph the maneuver, got the above crash | March 31. The Swiss franc is worth & little more than 19 cents. Net profits totaled 11,186521 Swiss francs, division of which he recom- mended as follows: Legal reserve fund, 559,326 francs; dividend at 6 per cent for the period between respective dates of payment of capital stock and Marcl’(I 31, 5,156,250 francs; special dividend reserve fund for use in maintaining the cumulative 6 per cent dividend, 1,094.- 189 francs, and general reserve fund, 3,188,378 francs. Distribution Fixed, ! ‘The remainder of 2,188,378 francs for | distribution among the governments of France, Germany, Great Britain, Italy, Belgium, Rumania, Jugoslavia, Greece, Portugal, Japan and Poland in accord- ance with The Hague agreement of 1930 and on the understanding that deposits by these governments will continue for at_least five years. | President McGarrah said deposits so far were solely from governments and central banks. Long-term funds over which the world bank has disposition aggregate 404,000,000 francs, these being made up of paid-in_capital and government de- posits by Germany and creditor powers. Co-operation Cited. “Certain government treasuries,” he said, “which maintain deposits through their central banks accumulated with the Bank of International Settlements the sums necessary o meet their so- called out-payments abroad. “Thanks to the spirit of co-operation between the central banks, the Bank of International Settlements has be- come an organization which acts as a Teserve center for tore!nlmex‘chlémge Te- with the duty of maintaining exchange stability.” To help countries in need of eco- nomic development, however, especially concerning promotion of eXport, the Bank of International Settlements has decided to set aside 150,000,000 francs for middle-term credits. Functions Without Hitch. McGarrah said that as trustee the Bank of Inf Settlements functioned without a hitch. The Bank of International ts also served 8s trustee for annuity payments of Bulgaria, Cgechoslovakia and Hungary eccording to The Hague agreements of January, 1930, and as fiscal agent for mmatmmmmu loan of DR. JAMES C. ALLISON DIES IN PITTSBURGH @Graduate of Medical School Here Was Ill for Short Time With Pneumonia. Dr. James Clement Allison, 26 years old, a graduate of the George Wash- ington University Medical School in the class of 1930, died Monday at Western Pennsylvania Hospital, Pittsburgh, Pa., Where he was serving as an_interne. He had been connected with the Pitts- burgh institution since his graduation. Dr. Allison wzs stricken with pneu- monia last week and was il but & short time before his death. At his bedside were his parents, Mr. and Mrs. Wade H. Allison, 1862 Ingleside Terrace, ‘Washington. Funeral services will be held at the | Central Presbyterian Church, Sixteenth | and Irving streets, at 2 o'clock tomor- Tow afigrnoon. Dr. James H. Taylor, pastor of the church, will officiate. Besides his parents he is survived by 8 sister, Miss Adele Allison, and broth- ers, Rev. Wade H. Allison, jr., pastor of the Presbyterian Churches at Leaksville | and Spray, N. C.; Leslie Allison of Pittsburgh, and Andrew and Herbert Allisoni of this city. MISS EDITH CLARK DIES Retired as Teacher at Gunston Hall 10 Years Ago. Miss Edith M. Clark, teacher at Gun- | ston Hall School, 1906 Florida avenue, for many years, died at her residence at the school yesterday after a long Aliness. Miss Clark retired as teacher in 1921. | She was a native of England and a graduate of St. Andrew's College, Scot- | land. Iy She is survived by a brother, Dr. George E. Clark of Providence, R.Dlr, and a sister, Miss Alice Clark, a mis- sionary in China. ‘Fhe funeral will be held from St. Mar- garet’s Episcopal Church tomorrow afternoon at 2:30 o'clock. Rev. Dr. Herbert Scott Smith will officiate. In- terment will be at Skaneateles, N. Y. Army Engineer Surveys Ordered. Following recent preliminary exami- nation by Army engineers, under au- thority of river and harbor acts, the ‘War Department has directed th veys be made of Paris Creek, also of Ocean City Harbor Md.; Sinepuxent Bay, Md. inlet north to Ocean City.” BUTLER-FLYNN P-A-I-N-T-S 607-609 C St. s .80 Paint Your Porch Furniture == With “61” Quick Per Qt. Drying Enamel & Waterproot N “sunproof view instead. —A. P. Photo. | SPRING IRIS SHOW OPENED T0 PUBLIC Contests Start at Carton With 55 Classes of Flow- ers Represented. The Spring irls exhibition and flower | show of the National Capital Dahlia and Iris Society opened today with hun- dreds of specimens of brilllant hued irises, roses and other hardy flowers, on display in the ballroom of the Caritcn Hotel. Pifty-five classes of flowers were pro- | vided for, and exhibits from every sec- | tion of the District of Columbia and | neaby Virginia and Maryland were en- | tered, winners of which will be an- mnounced tomorrow. Silver Medal Offered. In the iris classes, of which there are 23, the exhibitor winning the most first prizes will be awarded the silver medal of the American Iris Society, which is co-operating with the local society in staging the exhibition. To the winner of the most first and second prizes, other than the silver medal winner, will be awarded the American Iris Scciety's bronze medal. Exhibitors in the peony classes are competing for the sweep- stakes prize for the best specimen peony blocm in the show, consisting of a crystal vase offered by Mrs. M. L. Payne, president of the Iris Society. Numerous other prizes will be awarded in the hardy perennial and rose classes. One entire section of the exhibition hall has been set aside for exhibits of the garden clubs. Garden Clubs Compete. Garden clubs from the District of Co- | lumbia, Maryland and Virginia have | made entries in this group to compete for The Evening Star silver trophy. The | exhibits in this section consist of a large vase or basket of hardy flowers ar- ranged for effect. The first garden club to win this trophy three times will be | awarded permanent ownership. The Hyattsville Horticultural Society was the | winner in 1929, and the Montgomery Suburban Garden Club received the award in 1930. The Evening Star grand prize will be on exhibition among the garden club entries during the shcw. Awards will be made by Charles G. Gersdorf of Washington, J. Marion Shull of Chevy Chase, and Prof. W. R. Ballard of the University of Maryland. The public will be admitted free until 10 o' ock tonight and from 9 am. to 0 pZi. t-MOrrow. Star Cup { FLOWER GROWERS COMPETE IN ANNUAL SHOW. Cemetery Loses Settees. HAGERSTOWN, Md.,, May 19 (Spe- cial). —Iron sef to be found mostly in old cemet , are much in demand now for landscaping estates. That's | BOY, 11, TO BE ARRAIGNED | ON ROBBERY CHARGE | Youth Is Said to Have Confessed | Stealing $500 Ring and Selling It for $1. An 11-year-old boy charged with| housebreaking was to be arragned in | Juventle Court today following an al- ' leged confession that he broke into the | express office of the Baltimore & Ohio | Railroad at Takoma Park Sunday, stole a $500 ring and then sold it for $1. Theft of the ring. which Ensign Rnight Pryor bought in Boston several days ago and ordered sent to an aunt, Mrs. May B. Deaderick of 205 Peabody streez. Monday, was discovered yester- | ay. | Clerks at the express office told De- | tective Elmer Lewis of the thirteenth | precinct _that the boy was in the habit | of loitering about the office, and the | youngster broke down when questioned at school and confessed the theft, po- lice say. The ring was recovered. - | FOREST LOSS IS $100,000 Incendiariem Suspected as !'llllesL Destroy 68 Square Miles of Timber. ITUNA, Saskatchewan, May 19 (#). Loss in a fire which swept 68 square | miles of poplar growth and destroyed 25,000 spruce and fir trees in planta tions on the Beaver Hills governmen forest reserve, 12 miles north of Ituna, during the last week, is placed at $100, 000. After a five-day fight the fire was brought under control Saturday night. | Incendiarism is suspected. | where a half dozen setiees stolen over | || the week end from the Boonsboro Cem- Begins 4, 000 Wednesday Morning and Continues as Long as They Last ‘This is the Big Rose- bush Sale of the sea- son. You can’t afford to miss it if you want some fine roses at a very low price. NOTICE We furnish beetle certifi- Annual Bedding Plants Mostly All in Full Bloom Telephone MEtro. 0151 607 E St... A ROSEBUSH SALE That Far Surpasses Any We've Held This Season Great, Big, Strong, Sturdy, Monthly Blooming Bushes 2 to 3 Feet High—2 and 3 Years Old 29c Each; 3 for 79¢ All Choice Varieties Columbia—Rose Pink Claudius Pernet— Briarcliff—Deep Pink Ophelia—Salmon Templar— Abundance of Blooms for selection. NoC.0.D.ordere, no phone orders. not deliver plants at these prices. American Arbovitae, 18 to 24 jnches, = Globe Arbovitae, 10 to 12 inches, Biota Orientalis, Beautiful Boxwood; 10 to 12 inches, Norway Spruce, 18 to 24 inches, Hardy Perennial Plants Tall, Dark Blue and Light Columbine, Iris, Hollyhocks, Sweet Williams, Hardy Pinks, Golden Glow, for Coreopsis, 25c each. F.W.Bolgiano & Co. ROSEBUSHES Sunflower Yellow Brilliant Red You Can Set Out These Bushes and They Will Produce for You an Years to Come. Come in and make your We can- Hardy Evergreens 8 10 24 inches, All 89c Each 3 of One Kind 69c Several kinds of Sedum Plants Rock Gardens, Gaillardia, Blue Delphinium, Philox, “W. Rt 0091 Distinguished Straws Makes that for the most part we control and in shapes that express the lat- est fashion—so individual- ized in proportions as to in- sure personal becomingness. Henry Heath, of London Exclusive with us. $5.00 Finchley, of New York Exclusive with us. $5.00 The Mode A special flat-foot braid made expressly for us. $2.85 Super-Natural Equadorian Panamas In the smart blocks. $5.75 Others Up to $50.00 We're saying “Hello” Summer with a “Goodbye” Sale! We're closing out our New York Avenue Store — that's why you can buy these hats at so low a price at either of our 3 stores! Buy your new straw hat here! and save! Panamas—Leghorns—Bankoks at equally g $5 Values $7 Values 33.95 34.95 Wm. Paul Brodt ~ “YOU LOOK SO GOOoD” 509 11th St. N.W. 440 9th St. N.W. 1404 N. Y. Ave. N.W. T It’s Complete Clearance Nothing reserved tropicals, otherwis stricted choice of— Every Fashion Park Suit and Top Coat— Every Mode Suit and Top Coat— —and there will be no charge for altera- tions. Suits —include the smart worsteds, tweeds, cheviots, etc, $35, $37.50 and $40 Suits........ $29‘50 (Some with 2 pa $50 and $55 Suits.............. $3950 $60 and $65 Suits............ $75 and $85 Su Top —are in camel’ $35 and $40 Top Coats......... $27'50 $45 and $50 Top Coat < The Mode—F at Eleventh T $65 and 575 "Fop Contht ks v $59'50 Every Hat Is Guaranteed! reat savings $10 Values | $15 Values 575 | 310 but dress clothes and e you have the unre- irs of long trousers) .$4950 .$69:50 Coats s hair, tweeds, etc. ereeeeneee 33950 for late Spring, and early Summer wear with 2 trousers _bocfiuu they're in good taste wherever, and whenever, well dress men gather. - because they’re cool to look at, and cool to wear. e ~ because our factory has tailored them in rich-textured worsteds that drape comfortably, “wear like iron”, and hold a sharp crease for a long time. =~ because in the blue section, we've added the world - famous ‘Whitman 150z. Serges. = because every suit is faultlessly tailored English from custom designed fashions seen only in expensive clothes. —because at $25 with two trousers, they are perfect examples of how much more you get because we make the the clothes we sell. ~ because careful shopping has proved that nobody in town is Bond Ten Payment Service costs_nothing exgra, Use with your next inrchue. selling suits like these for less than $40. \1333 F St NW.