Evening Star Newspaper, May 22, 1931, Page 2

T OWN REAL ESTATE || Foram speaer | RIGES BANK DENIES * LOST, RHEEM SAYS All But One Piece of Property Foreclosed, Creditors Are Told. Edmupd D. Rheem, vice president ©of Swartzell, Rheem & Hensey Co., prior to its bankruptcy, testified at a creditors’ meeting today that he had lost some cf his personal real estate holdings because he did not have suf- ficlent funds to meet the payments on e said be handied & number of such transactions through his x:;wn-l accounts with his ever, place. were lost through foreciosure pro- ceedings. Attempt Salary Recovery. Attorney George E. Sullivan, argu- ing that Rheem, by doing certain acts while serving as executive head of the concern, had forfeited his right to salary, attempted to learn in which banks his pay checks were depcsited. Referee Fred J. Eden, however, sus- tained Rheem in His refusal to answer this n. It m brought out that some of the trust notes on a Swartzell, Rheem & Hensey Co. property in Rossiyn, Va., were signed by Robert M. Donohue, & janitor in their employ. Asked why the janitor signed the notes, Rheem replied that “somebody had to sign them and we_selected him.” Rheem also testified that at the time the bankruptey he owed Swartzell, & Hensey Co. approximately $64,000. He said that this money is still owing, but that he intends to re- it if possible. Pl‘Yl was brought out that Rheem from time to time was credited with $5,000 items from an account known as the Petworth Trust. He refused to answer a question as to why the $5,000 items were credited to his account with Swartzell, Rheem & Hensey Co. con- tending that an answer might have a tendency to incriminate him. Asks Ruling Review. Attorney Marcus Borchardt, who was threatened with trict Suprem that he could not inquire into the per- sonal finances of Rheem. _Attorney Sullivan also announced he would file & similar certificate. The two policemen from the figst precinct detailed to the meeting yester- day after one of them is sald to have overheard a threat of bodily harm to Rheem were not present today. —_—— POLICE HOLD THREE YOUTHS IN ROBBERY All Confess Beating and Taking Money 4f Pool Room Proprietor. tis Wilson, proprietor of a pool room at 923 Ninth street. Detective Dennis J. Murphy, who ar- admiti I':tfl the trio, .:d‘rb'yflfil IM.‘ beat- fl‘«?ofl'o’fw‘*h Bad: reported ".'} The three men are said to have told SECRETARY MELLON. MELLON TO SPEAK Entire U. S. to Hear Secre- tary Discuss Problems Faced ih Treasury. Secretary of the Treasury Andrew W. Melion will be the speaker in the Na- tional Radio Forum arranged by The Evening Star and broadcast over a Natlon-wide hook-up of the Columbia | Broadcasting System tomorrow night at 8:30 o'clock. The subject of Mr. Mellon's address will be “Treasury Problems,” and it is known he will deal with current ques- tions now facing the Treasury Depart- ment. Deficit Is Mounting. Much interest is attached to such a discussion by the Secretary, especially in view of the mounting defict which the Government faces at the end of the fiscal year, June 30. This deficit, which has been gradually elimbing toward a billion do rs, has presented the Treasury with questions of policy and financing which are of vital com- cern to every taxpayer. Mellon has served under et orer o the ety post, career post, backed his profound of | finance, -l’:nyl ttu-u%hh public utterances keen public interest. Hurley Is Next Speaker. | This will be the fourth of a series addresses the PITT DEFEATS NOLAN IN CLUB SEMI-FINAL Former Middle Atlantic Champ Shoots 34 in First Nine of Indian’ Spring Meet. | Harry " Middle Atlantic golf champion, re- FOR RADD FORUM 'm a. m«rwvm‘ CHARGES IN SUIT Files Answer to Allegations in Rheem Case Describing Full Transaction. Asserting that the transaction was & matter of “ordinary business” and de- nying any knowledge of any misapplica- tion of money due Shorebam Building noteholders, the Riggs Natiorial Bank yesterday filed its answer to & suit by a Swartsell, Rieem & Hensey Co. creditor for reeovery of $635,000. ‘The suit grew out ef the sale of the Shereham Building by Swartzell, Rheem & Hensey Co: to the Shoreham Invest- ment Co. At the time there existed = first trust for $2,250,000 on the property. To effect the release of this trust, an account for the benefit of the note- holders under it was opened in the bank on July 16, 1930, by Edmund D. Rheem and Luther A. Swartzell, trus- tees. The - trustees and. Swartzell, Rheem & Hensey Co. borrowed from the bank $635,000 to bring the account p to the necessary amount. Trust Release Recorded. After the account had been estab- lished, the bill of complaint stated, the bank notified the District Title Co., and a release of the trust was recorded. Then, it was alleged, the funds in the special account were transferred to the compeny’s general account and a check thercon for $635,105.83 was drawn by Swartz:1l, Rheem & Hensey Co. in re- payment of the bank’s loan. These two transactions formed the basis for the allegation that the funds were misused, the plaintiff contending the bank had notice of the purpose of the special account, Ths bank, in its answer, states that on July 16, 1930, there was opened with them a deposit account by Swart- zell, Rheem & Hensey Co. and Rheem and Swartzell, trustees under the trust on the Shoreham Building, for the ac- count of noteholders under the trust, and that four checks aggregating $2,- 341,645.80 were deposited. ‘The first deposit, on July 16, it is sald, was a check of the Shoreham In- vestment Co. for $150,000 and a check of the New York Title & Mortgage Co. for $1,556,640.80. $380,000 Loan Made. 2 ©On the same day, it is said, the bank loaned $380,000 to Swartzell, Rheem & Hensey Co. and $255,000 to Rheem and Swartzell. The bank says it was in- formed the company had made an “ad- vantageous and profitable sale” of the Shoreham Building and that the $635,- 000 Joan would be needed only for four or five days. Upon recetving adequate collateral security, it is said, the loans were made. After the two checks under this loan had been, deposited in the ac- count, the bank wrote the following let- 'a: to the New York Title & Mortgage “This Is to advise you there is on de- posit to the credit of Swartzell, Rbeem | & Hensey Co. and Luther A. Swartzell and Edmund D. Rheems, trustees for account of holders cf notes n the trust, the sum of $2,334,750.” Disclaimed Responsibility, The answer then brought out the fact, however, that Robert V. Fleming, president of the bank, telephoned to the New York Title & Mortgage Co. to say that the letter did not imply that e bank was respomsible for applica- ticn of the money. Mr. fol- lowed the telephone call by a second letter, which stated: “Referring to our letter to you of even date. advising that .Swartzell, Rheem & Hensey Co. and Tuther A. Swartzell and Edmund D. Rheem, trus- tees, had deposited the sum of $2,334,- 750 to their credit today, and to my Subsequent conversati0ti over the tele- | phone with your Mr. Booher, 1 desire HE _EVENING STAR, WASHINGTO cf Newton, Kans.; N. Y., and Randclph Leigh, director general of the contest. HE seven finalists in tomerrow night's Oratorical Contest assembled at the White House shortly after noon today and were welcomed by the President. The grcup shows, left to right: Willlam J. Codd of Spokane, Wash.; James A. Moore of Washington, D. C.; Jack Emmett of New York City; Robert Rayburn the President; Miss Ever Louise Connor of Chicago, 111; James Hart Pelnam of Birmingham, Ala.; Willlam J. Donahue of Herkimer, day: —=Star Staff Photo. TAX COLLECTIONS 50 MILLIONS LESS Huge Loss in U. S. Revenue Shown With Deficit as Year Nears End. A decrease of $360,346,408 in the Bears Have Laugh i When Ticker Shows U. S. Steel at $154 By the Associated Press. NEW YORK, May 22.—Brok- ers on the floor of the New York Stock Exchange had a moment of merry pandemonium today when the ticker erroneously quoted United States Steel at $154. The little matter of $53 a share was enough to provoke a chorous of catcalls and booming noises and a snowstorm of waste paper. The stock has not sold as high as $154 in several months. | | |amount of taxes collected in the first 10 months of the present fiscal year, as compared with the same period a year ago, was shown yesterday in Internal Revenue Bureau statistics. Collections for the 10 months totaled | | REQUEST REFUSED IN DEPORTATION Communist’s Plea to Be Sent to Russia Declined—China Is Destination. The Labor Department has deblined to deport a Chinese Comniunist to Rus- sia instead of China, as he requested. Assistant Secretary Husband said to- T) ARMY PLANES REFUEL AT BOLLI 'Fly Here From Dayton With- out Mishap and Continue Trip to New York. | __. (Continued Prom Pirst Page.) AR FLEET PROTS FACE HARDEST DAY Division ‘ArmadaDispatched to Eastern Mountains From Chicago. BY JOSEPH S. EDGERTON, Staft Correspondent of fhe Star COLUMBUS, Ohlo, May 22.—The most severe” peace-time test ever im- posed upon a great air force is In prog- ess today in the Allegheny Mountain country, dread “grave yard” of airmail pllots for a decade. Across the backbone of the Eastern mountains on a front extending from Cumberland, Md., to the Mohawk Val- lay in New York, the Army Air Corps, it forces swelled by flying ‘cadets from Kelly Field and National Guard pilots from every corps area, has been or- deted to advance to the defense of New York and the New England coast. Expert observers accompanying the mighty flying force term this movement the most daring of the sort ever under- taken by any nation. Plines of the division are under orders which call for a total of nearly 400,000 miles of flying between dawn and dusk over the most formidable flying country in the United States, in formation and on & rigid military schedule. Face Greatest Test. Today is the most feared of the 15 s’ scheduled for the operations of the 1st Air Division. It represents the ultimate test for men already tried by days of exhausting training, planes which have put in thousands of miles of cross-country flying with only fleld maintenance command methods, fuel- ing and maintenance and for the air- port systems along the mountain air- ways, ‘Today's test follows a cross-country trip for the whole division from Day- ton to Chicago, reaching a climax in a division review. If the Chicago review seen from the ground it was ‘magnifican! cockpit of a Keystone bomber passing in review down Chicago's beautiful water front there were in sight at one time six full groups of the aerial army, totaling approximately 400 of the 650 Pplanes engaged. ‘The boml Lansing airpo: border, two hours before review to give them time to rendezvous with | super-charge air-cooled engines and |the faster pursuit, attack and observa- $2,005,500,721, with all of the eight tax | _ | day the law would not be set aside to FARRELL ATTACKS STEEL HEADS FOR | pefmit Li Tao Hsuan. student in inis REDUCING WAGES aeperi io i home cou . He ] Husband said Hsuan by his own tes- | timony was an “active and ardent ad- | herent to Communism and a devoted — | follower of the Third Internationale.” (Continued From First Page.) divisions showing declines. has its way eventually. The security All Taxes Affected. prices loday are based in part on de- Income taxes led with & drop of $314.- | PG CUCERCn, SO0 FURTRY DL OnT {23151 to & total of $1537,073532. |ing fear of the future.” Documentary stamp taxes came next | Wage Cuts Factor. with a decline of $26,862,113 to & total | of $52,501,911. Tobacco taxes declined | Fear of wage cuts is one of the cur- | $5,023,947 to $363,968,338. |is another, in Mr. Schwab'’s opinion. Estate taxes dropped $9,179446 to|Labor costs in the steel industry, he | $40,204,196; distilled spirits taxes fell | asserted, had been liquidated “without off '$1,225693 to $8,681,880; collections | taking it out of the wage rate of the under the prohibition law dropped [ mill employe.” { $422,614 to $543,973; internal revenue | “Preservation of this wage rate, the collected by the Customs Service (not | protection of the worker’s pay roll, is tariff collections) decreased $9,716 to|a primary obligation of our business. | $5,125, and miscellaneous internal reve- | All policies, of course, depend ultimately | | nue dropped $3,386,724 to $2,431762. | on_ the balance sheet. No man can | guarantee the future of markets, wages, | Extensive Financing Needed. | earnings or other factors affecting fn- | Of the $1,537,073,532 income tax, cor- | come. But I do say that w2 have every porations paid $836,006,293 and indi- | intention of maintaining this =stable viduals $701,067.239. The former was & wage rate which has been so great an| decrease of $131,405658, as compared |ass°t in our business.” with the similar period of the previous | 4l rent difficulti>s, and instabllity of prices | e He sald it had become a common prac- | tice for aliens of extreme radical t , when ordered to urge that they be sent to h Hsuan contended he would be in danger if deported to China. “Russia is willing to accept aliens of his type,” Husband said, “but’ will not accept their own nationals who might ordered deported by the United States authorities. ““The department is not unmindful of the traditional policy of the United States Government in according refuge to political offenders of other national- ties, but in cases such as that of Hsuan, where aliens actively engage in efforts to overthrow the United States Gov- ernment by force or violence, it is not felt that the plain terms of the law re- lating to deportation should be set aside in order that the aliens concerned may accept the invitation of any govern- ment which condones the activities of the Third Internationale.” Hsuan is one of & number of students 3 il The steel industry has given h:| .y, have attended American educa- | capable of climbing with no loads to an 1 altitude of four miles. Since leaving Kelly Field the cadets have been performing in ‘a manner which has won them praise of the Army regulars. Though not yet through | flying school, these pilots have been flying a grinding achedule, calling for | hours of daily formation fiying, and | bave covered hundreds of miles in ;:;on-counh'y operations without mis- P. Flight Called Hardest Test. The flight from Dayton to Bolling Field this morning, according to mem- | bers of the squadron, represented their hardest test in cross-country -flying since they entared school. Those in this group form only a pait of the contingent from the advance school. Cadet pllots are also operating in a provisionel pursuit group, a bombard- ment squadron and an attack squadron, but these outfits are not scheduled to land in Washington, making the trip to the New York and New England battle areas by other routes. While on field service the cadets hre clad in the gray uniforms of the | school. They rank between West Point | cadets and master jeants. during ! their school term, ‘ndu;flzn graduated , are commissioned as second lieutenanis {in the Air Corps Reserves. tion squadrons. Taking off in tion, they headed south and Illinois over broad farms and villages on a vast circuit planned precision, to carry them into the review column in proper place and at the correct instant. Pass Over Joliet Prison. During the circuit the bombers passed directly over Joliet prison, carrying the roar of the free-flying squadrons into the great cheese-box cell blocks below. As the passed over Joliet in 1 climbing in stair-step fashion from leader to the wing planes of the last element a thousan e swarms of gnats agains - line far behind. the swing toward the shores of Lake Michigin began, more and more squadrons appeared in every direction at concentration points miles apart. Fleecy cumulus clouds ecast irregular shadows on water and shore as the bombers “rued over the shore line ::-;"wa egan, up by the Wisconsin T Down the lake, a quarter of ‘a Thlle off shore and 2,000 feet up, the bomb- ers swung into the majestic march of 1nf ear, and the latter & drop of $182- | worker “full-time income when doing ’ 330,493, | Fliotime work. " but_ with curtafied | Uonal thstitutions under an agreement A2, hile the Treasury deficit was | markets and lower production it has| Wi Chins after the Boxer rebeilion. on | turned to form today to play the first |t confirm my statement to the effect tective Murphy the; t Wilson it e nine holes at the Indian Spring GIf | that in issulng our letter we did o PLANE DIVES INTO GULLY. Club in 34 to defeat M. Parker Nolan it nnsylvania avenue, accompanied and later went to his pool room, Wl they assaulted him took his money. When found, Wil- was lying on a pool table, uncon- 100 PER CENT HIGHER Forty States’ Comtracts for April Show Inerease Over 1929 Figures. By the Associated Press. An increase of 100 per cent in the value of State highway contracts awartded in April as compared with the same month last year was announced today by the President’s Emergency Employment Committee. The American Association of State Highway Officlals informed Acting Chairman Croxton of the committee | that 40 States let contracts in April for 7,206 miles of road at a ccst of $96,879.468. This was twice the amount | contracted for in April a year ago and @id not include contracts totaling sev-~ :‘ral million dollars for bridge construc- on. In addition, Thomas H. MacDonald, chief of the Bureau of Public Roads, showed that $8,178,000 worth of Fed- eral aid contraets let in April in seven States were not included among the 40 reported upon by State officials. Workers employed upon rcad wor'c in April totaled 193,907, as compared with 192,000 the previous month. Cro: ton said the increased contract aw; would bring further employment May. DOUKHOBORS TO HELP MEMBERS FROM RUSSIA A g 2,000 Attend British Columbia Pic- nic in Homor of Departure in of Three Delegates. By the Associated Paess. NELSON, British Columbia, May 22— Doukhobor leaders announced today three delegates would leave for Russia next week on a mission to ald mem- bers of the sect in that country on their proposed emigration to America. The proposed removal, which bas not yet been approved by Russian suthori- ties, would be to Mexico, leaders said. The delegates will be Gabriel W. Vere- schagin, Sipeon A. Oritchew and Fred F. Vanjoff Two thousand Doukhobors yesterday attended a picnie honoring the dele- gates. RADIO MAY “PREACH” LONDON, May 22 (#)—Substitution of a loud speaker for the minister in some churches was reported by the Daily Mail today to be under consid- eration by bishops of the Church of England. < Inasmuch as there is & serious short- :g: of clergy, it has been that services in certain churci gations Wouldd"cln ‘:nm Tesponses as thougl man. Proponents we of the Congressional Country Club and enter the final round of the Indian Spring Club invitation golf tournament. Pitt was opposed this afternoon by! Leroy Sasscer of Indian Spring, who | tied ‘two_days ago for the qualifying medal. - Sesscer today played the last e holes in 36, par, to defeat James . Herrman of the Washington Golf and Country Club on the cighteenth | green. obtained his winning lead when Harrman missed a three-foot putt on the sevemteenth green. The! last hole was halved in par 4. Finalists in the second flight are T. M, Belshe of Indian Spring and Charies W. Cole, Jr. also of Indian | Spring. Belshe y defeated Robert | L. Wintringzr of Steubenville, Ohio, | 3 and 1, while Cole defeated C. H.! Phipps of Beaver Dam, 2 and 1. | Results in the fourth fiight are: Morey Fitzgerald of Kenwood defeated W. L. Pendergast. Bannockburn, 6 and 5; P. E. Early, Indian Spring, defeatcd B. N. Hallock, unattachzd, 2 and 1. Fifth'flight, R. R. Taylor, Prederick, Md., defeated E. L. Cogan, unattached, 6and 5 A. C. Willlams, Congressional, | defaul E. C. Carroll, unattached, 5| and 4. FRUIT AND VEGETABLE EXCHANGE FORMED Farm Board Amnounces Organiza- tion as Eighth National | Sales Agercy. t | The Pederal Farm Board yesterday Innnoun('ed organizaticn of the National | Pruit & Vegetable Exchange, Inc, as, its eighth national sales agency. The exchange, to handle miscellane- | | ous fruits and vegetables, will act as a sales agency on terminal markets for commiodities assembled by local and | regional co-operatives now operating independently. It also will furnish shipping point sales service. The Orgzanization Committee, meeting here since Monday, will submit an op- eration plan to be further developed at a meeting of the exchange directsss with representatives of co-operatives. More than 160 different associations have signified their desire to participate | in the new agency. | Dairy commission men and dealers | will confer with the farm hgard on their business problems next week. Chair- man Stone of the farm board said he did not know exactly what would be | discussed, but assumed that all phoses | of trading in dairy products would be| talked over. One Killed, 50 Hurt in Fire, TOKIO, May -One person was killed and abou badly hurt in a fire which destroyed the eight-story Nisshin flour mill at Yokohama today The fire followed an explosion in the machine shop and spread to sn ad- >, Pthe sum of $2.341.645.80, wittout any cbligation on our part to look to the application of the money deposited in the pgyment of the first deed of trust notes secured under the aforsmentioned deed of trust. “I am writing you to this effect, as it appears to me that our previous letter might be misconstrued, and as you know the bdnk could not assume the responsibility of looking to the applica- tion of these funds.” The _second letter was signed by Robert V. Fleming, president, whereas rmflru was written by a vice presi- Denied Knowledge of Use. The title company replied it had re- ceived the first and supplemental letter and that it did not place any such mis- | construction on the former as suggested by ‘Mr. Pleming. The bank says that on the same day it sent to the District Title Insurance Co. a copy of the first letter and also informed it the bank did not assume the cbligation of seeing to the applica- tion of the funds. The bank denies it had notice “of the purpose of a said special fund created as alleged in the bill of com- plaint,” and especially denies that “it transferred to the general acoount of Swartzell, Rheen & Hensey Co. the amount named, or any amount what- ever, or that sald amount represented, to its knowledge, a special account created for the benefit of the note- holders.” Transaetions Listed. ‘The answer recites that on July 17 there was presented to one of its Te- celving tellers a check on the deposit | i | account, drawn on the title of the de- posit account and by the parties who | made the deposits, to the order of Swartze'l, Rheem & Hensey Co. for Tepresenting the total amount then on deposit in the account. This check, the answer says, was indorsed by Swartzell Rheem & Hensey Co. for deposit to the credit of that company’s account. The check, it is sald. was accompanied by a proper deposit siip. The answer says the defendant bank “expressly denies that at the time it received and honored sald check the defendant had any knowledge that the drawers of the check were committing any breach of any obligation, fiduciary or otherwise.” The defendant also de- nies any knowledge that “its action in recelving the deposit for the credit of the account of Swastzell, Rheem & Hensey Co. amounted to bad faith, or constituted anything other than banking transaction in the ordinary course of business in which defendant acted throughout in good faith.” Defends Check Acceptance. The bank admits that on July 17 there was presented a check of Swart- zell, Rheem Hensey Co., drawn on the company’s account, payable to the order of the bank in the sum of $635, 105.83. This check, it is said. was tendered In payment’ of principal and | interest of the loan of the previous day. ! The defendant denies any misuse of funds in mccepting this check. “In receiving this check,” the answer states, “the bank had no knowledge or information respecting the source of the money represented by it excepting only Joining bullding. It still was ragi early tonight s . 5 Dawes Leaves for U. S. SOUTHAMPTON, England, May 22 (). —Ambassador Charles G. Dawes left today on the liner Bremen for the United States on private business. He expects to, return gbout July 1, Crossing Ocean in Small Boat. 1 provisions for two that given by the face of the check, which showed it was drawn on the company’s deposit account. The de- fendant further avers that in receiving the check it did not at the time have any knowledge that the drawer was in- tending wrongfully to divert the money represented by the check from any cource to which it belonged or should have been applied. | Settlement. Claimed. The answer declares that prior to announced as $984.268517 on May 19 with but six weeks remaining in the fiscal year ending June 30. It ap- peared probable that extensive financ- ing would have to be resorted to in order to raise necessary funds. HOOVER RECEIVES ORATORL FINALISTS HERE FOR CONTEST | (Cgntinued From First Page) late yesterday as the first of the six out-of-town orators to arrive. The others, who arrived late last night and this morning, were Miss Ever Louise Conner of the Aquinas High School of Chicago, spokesman for the Chicago Daily Ne James Harl Pelham of the Woodlawn High School, Birmingham, Ala., spokesman for the Birmingham Ag:-Herald; Willlam J. Codd of Gon- | zaga High School, Spokane, Wash., MINISTER DECLINES Dbeen necessary to distribute the avail- | able work.” There has been a gross/ average decline of close to 25 per cent! in the earnings of steel employes this| Spring as compared with a year ago when operations were high, but losses through pert-time employment, 3 Schwab said, have been offset at least partially by a lower cost of living. HARTFORD, Conn., May 22 (®).— Economic Law Cited. Lack of sympathy of some clergymen | here with the air maneuvers of the Prices, Mr. Schwab said, cannot be | Towered to the point where they do NOt | foriq" exmmemion todey tn Hermr e cover a fair return to capital and labor | o¢ Rob! > above the cost of plant and materials. | Suent of the ariiord. Semivacy Forn “A great excess over that amount Is|gation, to give the benediction at the destructive to trade and a decline under | dedcatory services Sunday afternoon that amount is even more harmful. In | of Rentschler Pleld, in East Hartford. December we were playing the role of | 'p Trubee Davison, Assistant Secre- Santa Claus, but now we are gettng tary of War for Aeronautics, will pe back on a business basis. Current earn- | the chief speaker at the services, TO AID AIR RITES | Twe Escape Injury in Accident at Roosevelt Fleld. | . NEW YORK, May 22 (#)—One of | 30 planes in the 7th Bombardment | Squadron nosed over after landing at Roosevelt Field today on arrival from Dayton, Ohio. The plane, piloted by Lieut. C. W. Pile cf March Pield, Calif., taxied too far to the edge of the field and dived into a gully. The lowsr wings were sheared away, the propeller and land- xl:,n‘, gear del;eolh'hedl.’ bu; nell:hm‘ Lieut. | Plle nor Sergt. F. urts, mechanic, was injured. b CADET PILOT GROUNDED. Forced Down at Erie, Pa, Due fo an and groups, the lower slivers of yellow deep blue-green of whipped waters of Lake Michigan, the upper elements dark silhouettes against a fleece-flecked blue sky. Below and ahead, beneath the roar- ing englnes, out between the wings, were other bombers of the group in re- view formation, bobbing and curtsying w bumpy wind sweeping off the ‘Welded Into Giant Unit. Behind at all levels, swept squadron upon squadron in roaring pomp —a breath-taking procession of the Nation's m‘kh‘ ln.g;e llr.‘“;hr he)o';hm at- squadrons smoo! close to the dark water. ‘?‘-‘ Qull haze of the horizon were light bombardment planes from the' Pacific ings statements have been disappointing, | with respect to the cash position or the leading companies in our industry.” The producers. he eald, have been| rationing out steel this year “on a star- | vation dict,” but before many months | that situation will be remedied. | Trade Closer Studied. : “We shall feel our way carefully | through the slack Summer season and | if necessary we can face a much longer | | siege without alarm.” Contestants View City. | One ‘nr thf ogon"mcg:;e results of the present period, Mr. Schwab asserted, As the contestants arrived, they com- ihag pee, h # | municated with Mr_ Leigh at contest e Mot Wy nomic barriers a; i seadquarters in The Star Building. They nd a better under spokesman for the Seattle Times; Rob- rt Rayburn of the Newton High School, Newton, Kans, spokesman for the| Kansas City Star, and Willlam J. Don-i ahue of the Herkimer High School, Her- kimer, N. Y., spokesman for the Utica Press. Dr. Barstow stated he was unaware | but there has been no note of concern | of the military character of the ex- ercises in accepting the Invitation of | oiher factors affecting the stability of | the committee, but that within recent weeks it had become increasingly ap- parent to him that the occasion “is to be almost wholly militarized, its prin- cipal feature the greatest assembly of fighting planes the world has even seen.” - o RARE RUIN DISCOVERED MEXICO CITY, May 22 (#)—Dis- covery of a Mayan temple of rare architectural beauty was reported today in a dispatch from Merida, Yucatan, near where the Chichen Itza ruins are situated. The building was found, buried in a mound, near the site of the Temple of the Eagles, uncovered and reconstructed some timre ago. n Festival looked over the National Capital today. s o L SmOETEIM GV Th 5 | and indications point to & lively meet | e are | Late this afternoon e orators are vi 16 e Ui St Bt foe of My and de |1 b 10 GrAling WA U netpibon | Leigh at their colonial home on Fair- | fax road, in Pairfax County, Va. Tomoriow they will vist the Consti- 3 . |tution Hali, where they will test the Ch ld j acoustics of the nudtwnxm 50 that they | 1 l‘ell 1 | will lose none of their precious time | | experimenting in the actual finals. Mr. | | and Mrs. Virgil Moore, parents of Wash- | | ington’s representative, James Moore, | will give a Juncheon for the contestants at the Willard Hotel tomorrow after- | noon, |VETERANS’ BUREAU LISTS | { Underway 1 | $7,000,000 - Work Is With $17,757,000 More Approv- ed by Federal Board. | | More than $7.000,000 is being expend- ed at present on new construction proj\ ects in vgrious parts cf the country under the direction of the United States | [ Velerans' Bureau, according to figurcs | July 16 the balance in the account of Swartzell, Rheem & Hensey Co. did not amount to $635,000. ‘The bank avers that it is informed settled n the holders of the 2,790 issory notes redbymdudp':fmm were with by Rheem prepared by that bureau and made pub- lic today at the White House. There are 32 more projects which heve been approved by the Federal Board of Hospitalization, but not yet placed under contract, which call for an_expenditure of an additional $17,- 757,000, the statement shows. In the tables showing the locatlon, character and cost of the construction now under contract is included the work being done at Mount Alto Veterans' Hospital, on Wisconsin avenue, which calls for an expenditure of $191,742 for an administration building and $8,191 for an elevator. The tables also in- clude work amounting to $209,258 at ;vl;; Veterans' Hospitab at Perry Point, & Hensey Co. This was done, it is sald, by reinvesting for them $1,492,150; | by the payment of $138,950 in cash, and by crediting them with $618,000 on the books of the company. At- The answer was flled through mmymnkl,flom.vbonhm the of complaint, High 8chool Stadium Saturday. Marx and Ann Marie Hall Martha Peaf and therstone. Barbara Jean Fehr, 3 GROUP of “mice” which will participte as entrants from F. Oyster and the Thomson School Centers in the festival at the Central Back COMMUNITY CENTERS' PRESENTATION SATURDAY. are, front o, left TOW: Mum'. - J0W; Marian to right: Jean mfl‘ Bullen Overheated Motor. Coast. Mounting from water to sky BUFFALO, N. Y., May 22 (#).—The | Were the stepped-up observation squad- 101st Pursult Group of the Army Air |Yons from every section of the country. Force began taking off from the Mu-| SO splendidly were the movements nicipal Alrport here for New York at | of the units timed as they cruised along 10:20 am. today, exactly two hours |8t their various speeds that they be- | 4 Harding landed to the James | gigantic Alice_Lancaster-:and the after arriving from Dayton, Ohlo. The 103d Observation Squadron, com- manded by Maj. Eugene H. Lohman, landed at 10:45 am. There were 24 planes in the group. Two planes of the 101st Pursuit Group landed about 40 minutes after | the main body. They were. piloted by Cadet H. C. Robinson and Lieut. Neil B. Harding, who reported that Robin. son had been forced to land at Erie, Pa. because of an overheated motor. assist him. The | plane was not damaged. PLANE SLIGHTLY DAMAGED:.~ ROCHESTER, N.”Y. May 22 (#).— The 1st Pursuit Squadrcn of the Aymy alr forpes landed here shortly aftér 9 a.m. for refueling. FPifty-seven planes | were in the group. | | One of the planes was slightly dam- | aged when it nosed over as i, struck |2 muddy spot on the field. The pilot, Lieut. R. H. Heiman, was not injured. A second group of 17 planes of the 1st Pursuit Squadron landed &t the municipal airport shortly after 10 am. Lieut. J. Beaupre, fiying with the second group of 18 planes of the Ist Pursuit Squadron, was forted down & Buffalo by a broken oil line. NEW YORK TO SEE SHOW. Special Dispatch to The Star. NEW YORK, May 22.—The United States Army Air Corps moved eastward today from the mobilization point at Dayton'to rout an “enemy” entrenched in Lower Manhattan and invading the key cities along the North Atlantic coast. The air fleet hopped off early today | in formations of half a hundred. In- side of an hour the entire division was on the wing to meet the emergency along the North Atlantic seaboard. Each individual group is following a different sky lane. An hour after the first unit had cleared the field they were stretched along a 300-mile front racing for New York, and two hours after the first plane leaped from the concentra- tion point the broken line of military planes, in close formation, extended from Butler, Pa., to Buffalo. In the last two days the Air Corps demonstrated its ability to move a great body of men and equipment safe- ly acrcss the country and then move it back again after completing & ma- neuver. Chicago saw more airplanes in the air at one time Thursday than ever before. the same spectacle tomorrow after- noon, when the machines of war carry out their “attack” near Governors Is- land and then, after forming into one m: d formation, sweep out: Q d Bennett Air. e they will in review as “of the dedicatior ercises of (Copyright, 1931.) over Broghlyn 1o oy port, & pai came welded into one splendid whole, the 1st Air Division, the world's mighiest air formation, as they swung over the great Navy pier jutting out from the g‘hicaxo Loop district. 3 From e vantage point of homber cockplt the: Speciacie’ wig M fous. On every side were the tightly eo:‘p!actaed' squadrons ‘ot “t,he Nation's ael lefense ag; e inspiring perorama o; water, park, .towering uildings and great industrial centers that is Chicago. ’ Imagination could picture few spec- tacles more inspiring. One of them will come on Memorial day when the of the division will dip in review be- tween the Lincoln Memorial and Ar- lington over the Capital of the Nation they were created to protect. CAPITALIST AND TURFMAN, IS DEAD ___ (Continued From Firsf million dollars in bets. Joel refused $150,000 for him when the horse was retired to stud. The stallion's offspring won many thousands of pounds in stakes. Joel, who was a nephew of the late Barney Barnato, “diamond king” of South Africa, had been very ill since his return to London last month from a trip to the diamond fields. In his financial transactions Joel was mond flelds. It involved the outright purchase for £2,000,000 sterling, in, cash, of the West Rand. interest of the multi- millionaire Sir Joseph Robinson. Jocl married twice, his first wife, by whorh he had two sons and two daugh- ters, dying in 1919, In the same year he married Phoebe Benjuta. Some estimates placed Joel's fortune as_high as $75,000,000 to $100,000,000. He was & financial power in the theater, in addition to his other inter- ests, having at one time controlled a large number of London houses, including the Drury Lane, and the Gaiety. He won the 1915 with Pommern when the run at Newmarket instead of Downs. Khyber Pass is his en this year's Derby. Under the new the entry stands despite the owner’ New York will be treated to|death. Former Executive Dies. SEA’ —Arthur mm’l"l;la.l, May 22 (P "Philij deg{" = to four sul 3 Seattle years ago, after m former States Copper Co, ottt