Evening Star Newspaper, September 9, 1931, Page 4

. e TREASURY BONDS RESPONSE SLOWER Long:Term Issue, However,; Oversubscribed by $140,599,540. Althopgh the new Treasury long- term bond issue at 3 per cent was over- subscribed by $140.599.540, the response was less than had been expected and slower than the big bond issue of last June. It was pointed out. however, ‘Treasury officials that interest on tie bonds_was one-eighth per cent than had been anticipated by fin cial interests. and the issue also for a longer term than had bien ex- pected. At the same time the other section of the Treasury's $1,100.000.000 se-urity issue. which was in short-t cates, was oversubscribed f Slower Than in June. The response to the bond issue was slow as compared to the $800,000.000 issue of last June when total subscrip- tions amoun! ) $6.400.000,000. Trea: ury officials had expected that the oversubscription for the present issue would -not amount 1 1 as that of last June beca some time an in_the fin The money vaised in the $1.100.000.- 000 security sale will be used by the Treasury to retire $634.000.000 of certificates which mature on September 15, to 1 $30.000.000 1int t on the public i\ provide for op- erating vernment Decem- ber 15, the € Figure Seen as Warning. The small ipti garded in som from financial inferests ury would have fo incresse the inter- est if bonds are offered in December, wihen maturing securities total $990.- 000,000, Officials here declined to dis- euss the December plan in any way. Secretary Mellon said all subscrip- ons of $100.000 or less to the 3 per d be allotted in full; from $100.000 to $500.000, 90 per cent but not less than $100.000. while the £500.000 to & miilion subscription would be allotted 80 pe with not less than $450.000 ptions over $1 000,000 he said allotted per cent, than $800.000. He sald fur s of the allot- ment would STIMSON'S TOUR “OFFICE” BACK AT DEPARTMENT Trunk Containing Important Doc- uments Plastered With Stickers in Two Months' Travel. By the Associa ess Secretary Stimson's “traveling office returned to the State Department yes- terday covered with railway, steamship and hotel stickers as evidence of two months’ European tour with the cabinet member. The “office.” as the Secretary's stafl described it. was a large steamer trunk which traveled everywhere with the Secretary contained all of his pri- vate and official correspondence and | memorandums and other official docu- ments excepting the copy of the State Department code he code book was carried by, one of the staff at all times. Even at meals the person intrusted with the code sat with the code book in a leather case on his lap. Of some 5.000 words sent in code to the Secretary while he was aboard the Conte Grande en route to Europe on one group of five letters was badly garbled that it could not be coded During the trip the Secretai, received some 50000 words by cable or radlo from the State Department. ROSENWALD IS T0O ILL TO BE TOLD OF HONOR Merchant-Philanthropist Paid Tri- bute by Chicago Rotary—Hoover : Sends Congratulations. ! B the Associated Press CHICAGO. September 9. 'I'vo ill to be told of the latest honor to come to him, Julius Rosenwald. merchant and philanthropist. vesterday was awarded the [Chicago Rota “ ib's first* “Na- | tional’ Merit Award” “for distinguished civic service. Hoover telegraphed his lons and regret that he be present at the presentation which was aitended by civic humanitatian has his home for some ing J. Rosenwald. r's behalf the book the achievements been confined to time, His son, Le accepted in his fatk scroll, summarizing upon which the award was made. *This award is the first that the Chi- eago, Rotary Club plans to bestow annu- ally ‘upon Chicagoans who have con- tributed a service the club believes cal- culatéd to advance the best and largest integpst of Chicago. the country or in- ternational relations | "FIRé CHIEF HONORED Philip W. Nicholson Given Clock 3 by Film Operators. the Mot Pic- Representatives of yesterday pre- ture. Operators’ Union sented former Battalion Chief Philip Wi Nicholson of the Fire Department with an electric clock in appreciation of Wis services during his 13 years as Distriet fire marshal The presentation was made by For- | rest Ormes of the union at Chief Nichol- soti’s home, 5504 Thirteenth street. | California leads in the education of adult THE EVENING ST Speediest at Air Races CAPTURE FEATURE EVENTS AT CLEVELAND. 188 MAUDE IRVING TAIT of Springfield. Mass vesterday after Cleveland_Airport ree-fa-all race closed to women. Miss Talt. in winn Lower: Lowell Bayle. of the Springfield Air Racing Assoc Races, in the exceedingly fast time of four miles a minute BECK COALITION PLAN GETS LITTLE SUPPORT Swanson Sees No Necessity for Party Leaders Uniting on Pro- gram as in Britain. | Little support was accorded today by members of Congress now in Washing- ton to the suggestion of Representative Beck, Republican, Pennsylvania, for a | coalition of party leaders to formulate | an economy program similar to that of the government now in power in Great Britain Senator Swanson, Democrat, Virginia, said he saw no necessity for a coalition and that he opposed it. Senator Ship- stead, Farmer-Labor, Minnesota, de- scribed the Beck proposal as “merely a palliative.” Senator Swar also opposed any increase in taxation, asserting ‘‘our taxes are high enough to get the neces- sary revenue in normal times. The Government.” he continued “has cut down its debt by $10.000,000.- 000 in 10 years since the waf. and we can slow up on that program if neces- sa until the period of the depression is over.” ® Senator Shipstead said reduction of governmental expenditures would be commendable. but he insisted the main probler’ was “to attack the underlying cauges of the depression.” “*hen the taxpayers will be furnished with incomes out of which they can pay taxes gladly and furnish the rev- enue the Government needs,” he de- clared. “MAGIC RING” VENDOR PUT OUT OF BUSINESS New Yorker Agrees to Cease Sales of Lucky Charms in Trade Body's Action. The Pederal Trade Commission has cen up the “magic ring” business The rings were offered by &, New York vendor, who said they were first made by a fificenth century goldsmith hey were advertised to bring the wearers fulfillment of their fondest wishes in love. hope, power, health, good fortune and wealth In golng out of business, the vendor has agreed that the stipulation he sign- ed with the commission may be used as evidence against him if he ever ven- tures into this fleld again. bre TAX PAYING TIME! CONSULT WITH US AND WE MAY BE ABLE TO HELP YOU PAY YOUR TAXES BY OUR SMALL-MONTHLY-DEPOSIT PLAN. For each 360 or fraction borrowed you agree to de- it $5 a month - en ucount} the rmrnd: [ which may be used to cancel the note when due¢. Deposits moy be madeon @ weekly, semi- monthly or monthly basis as you prefer. Easy to Pay Loans are pass- ed within a day or two after filing application— with few escep- tions. Monthly Deposit For 12 Months $10.00 MORRIS PLAN notes are usually made ‘w 1 year, though they may be m for any period of from 3 to 12 months. Under Supervision U. S. Treasury 1408 H Street N. W. ng the race. winning the aerial trophy race, a She was acclaimed America’s speed » prize event of the National Air tes 2388 scconds today. The 239 miles an_hour. nearly Wide Worl Now hill-climb champion STUDEBAKER Ffree wheeling. President Eight Again Studebaker re-affirms its ‘performance leadership! A strictly stock President Eight, checked, certified and sealed by'the American Auto- mobile Association and timed by A. A. A. officials, has smashed the official records on every famous hill and mountain climb in America. Thirty-seven attempts to date—andnotasinglefailure! Nothing matches this sweeping achievement . . . except Studebaker’s sensa- tional official A. A. A. speed and endurance record of 30,000 miles in 26,326 con- secutive minutes. The thrill and thrift of Free Wheeling, pioneered by Studebakerandsinceadopted by seventeen other makes, show to brilliant advantage in. these Champion Stude- bakers. Studebaker has a finer car for your money and will gladly prove it. New Car Salon 1132-34 Connecticut Avenue Used Car and 2155 Chamolain Street & COlumbia 5050 as she landed at the | had an average of 200emiles an | 31, of Springfield. Mass., flying the entry on. Ing., being congratulated after winning the 100-mile Tace for the Thompson Trophy. t 25 min average speed of his Wasp-powered Gee-Bee was Photos. | AR STUDY ACEIUNTS OF WALKER ADE Investigators in New York: Hunt Securities Linked With Mayor. WASHINGTON By the Assoclated Press. NEW YORK, September 9.—One stock brokerage account of Russell T. Sher- wood, Mayor Walker's personal book- keeper, was under scrutiny today by the Legislative Committee investigating municipal departments, and it was hunting others. The commitee is curious as to the source of securities which it suspects Sherwood put up for the mayor during | declines in stocks. . Few Facts Found.§ The account gave little information except to indicate that Sherwood had other brokerage accounts and & bank account Mayor Walker's own accqunts were obtained just prior to his departure for Europe. Sherwood is being sought for ques- tioning by the committee. He has said he will await Mayor Walker's return be- fore returning to New York to testify He was heard from at Atlantic City, but has left, there Samuel Seabury, counsel for the com | mittee, said he had no immediate in- tention of summoning Mayor Wall as a witness | Jobless Charges Probed. Seabury intends to investigate charges that only unemployed persons loval to the Democratic party have been able to { obtain relief jobs on Staten Isla Records of the Richmond (Staten Is- land, borough president’s office. which i inscharge of the relief, have been sub- | poenaed by Seabury D. C. WATER CHIEF WED D. W. Holton, superintendent of the District Water Department, and Mr R. A. Nanderhoff, secretary | M. Roberts, superintendent of weigh and - measures, were married yesterday in_Baltimore { They will spend a short honeym | in Atlantic City, and then retur { home 1 Chase rec | chased Holton chassis. 2. 3 4. Pentode tubes E at 7th 1. Superheterodyne Spray shield tubes. Multi=mu tubes. WEDNESDAY, EPTEMBER 9, New Aid to Riflemen TARGET DEVICE TESTED AT CAMP PERRY. ICHARD STEIFF, toy manufacturer, of Jackson, Mich, takes his rifle practice seriously. targets at the national matches at Camp Perry, Ohio. Here he is shown testing an unusual device upon the ‘The rifle is of his own invention, the balancing device being fashioned from an auto- mobile radius rod JUDGES TO CONFER ON FEDERAL COURTS Hughes Expected to Call Senior Jurists to Consider Wick- ersham Report. his return from a vacation Chief Justice Charles Upon abroad tomorrow, Evans Hog ference of to consider conditic throughouf the countr: The conference will discuss the rec- ommendations of the Wickersham Com- mission for speeding court procedure and altering certain court conditions Reports by each judge upon conditions it and recommendations by reral Mitchell senior co 1 Feder of the Supr i r-old Ji Holmes tot oper and Pentode Tubes! 5. Tone 6. 7. 8. ain Floor, The Hecht Co) Deltvers It $10 HECH Balance Monthly —A. P. Photo. | Many of them have been working the Summer recess on the 300 1 which have accumulated, to which approximately 100 more will 'be added before the court meets. * Chief Justice ! Hughes had a number of them for- warded to him. He will attempt to n up the accumulation during his ocean trip home and the week he will spend with his children before coming to Washington on September 20. $900000000000000000000002 Modernize With Muddiman! oo s and Necessary Fixtures 000000000000 % MUDDIMAN ¢ 911 G St. Nat’'l 0140-2622 Organized 1888 906000000000 0000000000 %000000000000000000000000 Mighty Monarch of the Air never before sold at th 59 Complete With Majestic Multi-Mu low price O control. Grand opera speaker. Early English cabinet. 90-Day Service. T CO. NAtional 5100 Free Auto Parking—E St. Bet.. 6th and 7th CHILE MUTINEERS AT PORT IN RGNS | Ships Anchored Under Air Guard—1,000 Rebels | Await Punishment. | b Gt i By the Associated Press. SANTIAGO, Chile, September 9.— | Chile’s wandering navy came to rest today in and rear the port,of Valpa- raiso, under the watchful eyes of the Alr Corps, as the war council weighed the punishment to be meted out to its ' mutinous salors The flagship La Torre, largest fight- ing ship in Latin American waters, was anchored at the Quintero naval base Its former rebel commanders were in 4 | frons aboard ship and about a thousand members of the crew were quartered in barracks ashore under guard. The remainder of the fleet that held | out for a week at Coquimbo until | bombed into submission was in Valpa- | raiso Bay. The officers were held board pending further orders and some of the sailors were confined to barracks, rrll:;}c others will be sent to Santiago for All the ships were convoyed n last ight by @ squadron of hydroplanes hich held bombs in leash, ready to re- new their attack at the first sign of trouble. “The water front was thronged Vith people to witness (h v T e s the arrival of Gen. Vergara, commander of the na- tlon’s armed fcrces, said all Chile now ¥as quiet. He denied rumors that thers as new in Ant S Iquique. SIS R The people, appare were anx- jous to get back to wo unhampéred by scenes of and re desirous of the mutiny be s possible. As soon as conditions become normal the campaign for presidential e tions on October 4 wiil begin under the pro- visions of a state of siege, which con- tinues until the end of the month t1: “URNITURE RENTING OFFICE FURNITURE Now! A Master Stroke in Modern Value-Giving! ociety standing merit so low as | 2 Seconds I’{\' Direct Eleva Departient— Brand ... produces a suit of such out- that you will marvel how it can be sold for $30:50 tors to the Men's Clothing Second Floor THE HECHT CO. F'Street at Seventh