Evening Star Newspaper, July 8, 1931, Page 11

FARM BOARD FAILS TOEND DARY WAR Schilling Says Wholesalers Lack All Recourse From Co-op. Price Cuts. By the Associated Press. Private wholesale dairy distributors | were advised today the Farm Board would not attempt to prohibit price re- ductions by competing co-operatives. Explaining the board “recognizes it is inevitable that some private busi- nesses &ill be injured” through the ag- Ticultural marketing act, W, F. Schill- ing, a member, informed Senator Davis of Pennsylvania that private whole- salers have no other alternative than to_meet the lower prices. Schilling_added that the only inter- est of the Farm Board in the business of co-operatives was that they conduct NOTED ENGINEER MARRIES | FOLLOWING RENO DIVORCE| Ralph Modjeski Weds Mrs. Mary T. Giblyn and Leaves for, San Francisco on Honeymoon. By the Associated Press., jeski, noted engineer who will assist in the construction of the Golden Gate Bridge over San Francisco Bay, and Mrs. Mary T. Giblyn of New York were on_a honeymoon today. RENO, Nev, July 8—Ralph Mod- | They were married by Judge Thomas Moran. at the home of Mr. and Mrs. their business so as “reasonably to in- sure repayment” of loans made to them by the Government Wholesalers Hit Co-operative, That attitude was expressed in a let- ter addressed to Davis in answer to a complaint of the P. E. Sharpless Co. Inc. Philadelphia dairy wholesalers, filed against the Land O'Lakes Cream- erics, Inc., of Minneapolis, Minn. Charging that the Government, in effect, granted & subsidy to the Land O'Lakes Co-operative through loans un- der the marketing act, M. S. Bradley, president of the Philadelphia firm, ac- cused the co-operative of “indiscrimi- nate_price cutting” and extension of credit to “uncertain credit risks” in an effort to increase its sales in the Phila- delphia area. He predicted “tremen- dous losses from bad debts” would fol- as a result. alling a recent statement by ‘man Stone of the board, Bradley ed him as saying the marketing specifically prohibits loans for the purpose of competition.” He charged Land O'Lakes with violating the law in setting up distributing agencies in cuplication of existing private market- ing_facilities. ling recalled the purpose of the °ting act to place agriculture on “an economic parity with industry” and said that, while some businesses would be hurt, “the board believes no private distributor of agricultural products has very much to worry about if he is per- forming a necessary service at a cost as low or lower than that service is being performed by the competing co-oper- &tive.” Must Insure Repayment. “The loans made by the board to co- cperatives,” he added, “are, in fact, loans and do not in any sense consti- tute a subsidy. “While T would not at this time care to enter into a discussion of the meth- ods and business practices of Land O'Lakes Creameries, Inc., you may rest assured that the board is fully aware of the mandate laid down upon it in the agrictultural marketing act that associations to which it loans money must have a management and business policies of such character as reason- ably to Insure the repayment of the loan. “The board does not attempt to ex- ercise a paternalistic control over the associations 1o which it loans money, but it does, nevertheless, consult with them regarding their operations.” Will Limit Sugar Exports. VIENNA, July 8 (#).—An order in council drawing attention to the inter- national sugar convention, today de- clared_export of Hungarian sugar as from September 1 would be subiect to special. permits issued by the finance minister Low Terms for immediate installation! Hot for 6-Room 2 * House Installed Call Our Graduate Heating Engineers They will gladly installation « .. 3 years to pay in convenient monthly sum This price includes 18- in. boiler, 300 ft. radiation. American Heating Engineering Co. 907 N. Y. Avenue National 8421 the Orange Disc.” [ J ~ THAT GOOD GULF GASOLINE is orange color. You can identify it easily. On sale most everywhere from Maine to Texas,*at the sign of THE EVENING STAR, WASHINGTON, D. €., WEDNESDAY, JULY 8, 193f. True Vencill here last night in the presence of a few close friends and left later by train for San Francisco. Modjeski, who is a son of the late Polish tragedienne, Mme. Helen Mod- Jeski, obtained a divorce here Mon- day from Cecilie Modjeski, whom he manried in New York 46 years ago. Mrs. Giblyn likewise obtained a di- vorce Monday, charging cruelty in di- vorcing Charles W. Giblyn of Los An- lxd!ilén‘mey had married in New York n . Modjeski‘ls 70 years old. His brid., in their application for a marriage license, gave her age as “over 21.” Acquaintances here sald they did not know details of the romance, but de- scribed the pair as “old friends.” N tically as high as those of new ven- tures during the present depression. “‘Of the 500 business concerns which went into bankruptcy in the first four months of this year,” the statement said, “24 per cent had been in existence from 5 to 10 years and 23 per cent had been operating in excess of 10 years. Another 17 per cent had been in existence between 3 and 5 years.” _ The “clinic of sick business,” the By the Associated Press. statement added, has made a compre- CHICAGO, July 8.—The Public Re- | hensive study of economic and busi- lations Department of the University | ness causes of failure in Cook lfld‘uk‘e of Chicago issued a statement today | COuntics; 1il. and already has investi- saying that an analysis of the first 500 | FAe2C " A00 BRITUPLS cases of bankruptcy made jointly by |P¢8 . Larid the university and the Department of |. R Commerce showed that “mortality rates| Sweden's post office department in- for old established businesses are prac- creased its profits last year. NEW BUSINESSES FAIL AT SAME RATE AS OLD Bankruptcy Ratio Is Unaffected by Ages of Concerns, Says Chicago University Survey. SEATTLE SAVINGS HEAD GIVEN FRAUD CASE BAIL A. E. Pierce Bonded on Charges of Embezzling Possible Sum of Over $1,000,000. By the Associated Press. SEATTLE, July 8—Charged with | embezzlements that may exceed $1,000,- 000 from the Home Savings & Loan As- sociation and an affiliated financial firm, Ahira E. Plerce was at liberty under $10,000 bail here today., He was arrested yesterday. Prosecutor Robert N. Burgunder said Pierce, vice president and general man- ager of the loan association and presi- dent and treasurer of the Wi n Loan & Mortgage Corporation, had con- {essedm to the charges and would plead guilty. ‘The State director of efficiency, Ha C. Johnson, announced the loan asso- clation would not open its doors today. Hm—n;ary Regime Loses. A—11 the Agrarian opposition 6. The Soclal- ists maintain their former strength of 14 seats. The Etruscans were the first who adopted the eagle as the symbol of royal | power. FURNITURE RENTING BUDAPEST, Hungary, July 8 (P.— Final perliamentary election results 'show that the government's bloc lost 17 seats, polling 193 mandates, as com- pared with 210 in the last election.; The Bourgeois right opposition won 9| mandates, the left oppasition 2 and | oo o by so=called *‘scientific” claims THAT GOOD GULF GASOLINE has always been good...a leader... in gquality...in sales...and in ear- performance! And now it is better than ever before...at no extra cost! USE TOURGIDE... Day-to-day road news of new construction, de- tours and closed roads. On file in Gulf Service Stations. Consult it, free. GULF REFINING COMPANY UONT BE CONFUSED