Evening Star Newspaper, November 25, 1931, Page 12

RHEEM ON STAND + IN BANKRUPT CASE i*Former Head of Investment Firm Called as End of Hearing Nears. ; t i Bdmund D. Rheem, former head of §u_the bankrupt Swartzell, Rheem & Hen- ! tey Oo., was called to the witness stand ‘today at a hearing before District Su- i preme Court Justice F. D. Letts to have | 4 Him adjudged a bankrupt. « It is expected the case will be com- % pleted today. § ~Rheem said yesterday that the Wash- s ington Loan & Trust Co. preeipitated ] u-u m‘ura of his mortgage banking . house by demanding replacement of i} $162,000 of released notes held in the . “bank’s trust department. The witness said he instructed an- fither officer of the company to remove Totes left in the company's vaults for safekeeping customers and turn them over to the bank in place of the released instruments. The charge on which he is now serving a seven-year penitentiary sentence was based on this transaction. Atiprney E. Hilton Juckson asked Rheem if the bank had learned subse- quently that the replacement notes were not the property of Swartzell, Rheem & Hensey Co, “In may opinion,” Rheem replied, 'thuy were the property of the com- any.” He explained he had in- nmeua the officer handling the trans- action to “repurchase the notes for » and set up a credit on the company in favor of urchasers with the in- them substitute notes Justice Letts interrupted to ask if the substitute notes were ever turned replied in the negative, ex- that the firm's bankruptcy mmd before he was able to attend to the matter. The entire transaction the bankruptcy by only & few days. Other witnesses yesterday included Mrs. Delia E. Hoopes and Mrs. Cora E. Higgins, two of the petitioners seeking to have Rheem adjudged a bankrupt. They testified concerning the purchase of notes from him. ential payments cel creditors and that he is insolvent. HOLLYWOOD OF RUSSIA PRAISED BY KOSLOFF —_— By the Assoclated Press. NEW._YORK. November 25 —Moscow has & Holleyweod, too, e Kos- loft, actor , said M on his return from a monch‘s “of Soviet Russia with Cecil B. He' 4 ‘complete motion picture city, :‘ hilltop & mile from the capital’ He sald he saw, there every fi g device developed in '.Ms coun- try Onn:intyh employed and being 1 ites tn Industry,” he said, “the mmmnu is achieving i the and in_motion pteturu llu will ‘world’s greatest nation.” THE EVENING STAE Tree Moving Starts SIXTY-SEVEN TONS OF EARTH :p::!'d feet WET CRUSADERS PLANT COLORS OF UNIVERSITIES By the Associated Press. The militant wet Orusaders have planted their colors in nine Eastern universities in the first phase of a Nation-wide éampaign t6 win ocollege men a8 anti-prohibition missionaries. Rufus Lusk, vice commander of the battalion 6f the Crusaders, lnnounctl lnst m' “REDUCE.... THEN COME BACK” ... says the insurance doctor FREE—Reducing Book! Ask your druggist for “Cutting Down the Waist- line” —a new booklet showing how moderate exercise, food selection, and Pluto will help you. Or drop a post card to the French Lick Springs Ho- i tel Co., French Lick, Ind,, and a copy will be for- warded” to you at once. WAT WHEN NATURE [WORN'T, AROUND ROOTS JACKED UP. represents for the new 1 Mn g about two weeks to st the handle of the , for which Uncle Sam will bout three weeks and is located —Star Staft Photo. them 1200 members at Harvard dnd 400 at Yale. “Now we are working through the East,” Lusk added, “and afterward we wlgnlpreld the campaign South and College officials, Lusk said, offered virtually no Wposlmn to organisation of battalions. ZEMO RELIEVES ITCHING BURNING ECZEMA Boothing, cooling ZEMO prompt relief to itching, skin; evén in severé cases relie comes as uoo.nun lllo es the tortured = worm, Rashes, Punplel. drul and other annoying skin or seal troubles nerally yield to eoothing, antiseptic 1 tlon is safe and d%:ndlb &, ’ xt [} gtnnlth ZEMO but for chronle cue&—— 11 'Ofl SKIN %Tli HE doctor who examines you for insur- ance Anows what happens to fat men! That's why he says, “Not a chance now— after you've reduced come back”. Insurance companies don't like to turh down business, but the tisk's as big as the fat man! The death rate's too high, you're helpless in a fight with pneumonia. But don’t despair—there’s positive help for you! Take the Pluto Water 14-day treatment—a quarter of glassful in a glass of hot water ing. Then you can measure yo an ordinary each morn- ur waistline ~—it’s really youe life line!—without feeling like a side show freak. Your druggist has Pluto Water for you. Two sizes—20cand 45c. BE CA'S LAXATIVE MINERAL WATER Pavs | Olive Tablets will WASHINGTON, D. SPECULATION CURB URGED INBANKLAW Change in Reserve Rule Re- quiring Heavier Resources in Booms Asked. A change in the Federal Reserve law to require banks, during speculative e booms, to carry heavier reserves than|yolume in the past, as & move to check specu- lative excesses, today was before the Pederal Reserve Board for approval. The recommendation was made yes- terday by a special committee which has studying the lub)ect The :rud ;fll decide if it shall be passed lon, Congress. real estate boom of 1919-20, Florida real estate speculation a few years ago and the stock market boom of 1028-29 were cited as examples of lmunul where such a curb could be ] ’X; Present all member banks must & 3 per cent reserve against time aaponu 13 per cent against demand deposits at central reserve city banks, 10 per cent at reserve city banks and 7 per cent ne the so-called country banks. The the proposals by committee Mnkrmrv-oftha d, they recommended all member Mnn be re- quired to carry & reserve of 8 cent Timmmmdmflum reserve equal to 50 per uc PLEASANT RELIEF FROM CONSTIPATION Shoulders droop under weight of ears. Young yet beauty has fled. heeks are sallow and drawn. Un- sightly pimples. Keep your system clean and you keep the beauty of youth. Its emergy. Its irresistible charm. Then life is not a failure. Clogged bowels and inactive liver cause poisons to seep through the system. Health vanished and with it beauty and energy. Dr. Edwards elp save you from this dark hour. For 20 years they have been prescribed in place of calo. mel to men and women seeki health and tion. They act euily and smoothly. No dangerous m&u Take nightly he!au retiting. Results will amaze ‘Fh usands ‘of men and_women woul evn be without Edwards foins s soptishie sasreunt nw their oliv K HJ 6& }.'All druggists. FLyT O banks be perm: deposits the sum of all balances banks in this ”m:.ya due from other checks in process ot“. Fod tates, T At present deductions may only be other cash items tation in the Uni for ioned effectively since its adop- 1914. Our National “Under the method committee,” it said, “the serve nts mately an equal amount in the ing two years of business &ufl 3 ! increase would have Re- e-mfiedh ly at banks whose cus- tomers were %heaflwhu\lfl- ties and comsequently would have had [y mmmn‘ influence om speculative division research and mfihflu ot the Ncnl Reserve Board; L. ty or of the Ne' York mu Re- m&nk and W. W. Riefler of division of research and statistics. Thanksgiving was conceived as a tribute of faith in the Giver of all blessings. It must slways be among the great- OF THE DISTRICT OF COLUMBIA gos/ow m%*gw SAILINGS TO EUROPE Leviathan Dec. 12 ... Pres. 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