Evening Star Newspaper, March 6, 1932, Page 3

THE SUNDAY o~ STAR. WASHINGTON, D. C., MARCH 6, ‘BABY BOND' SSUE | [Have You Stopped Hoarding? .OFFERED TO PUBLI ‘Secretary Mills Makes Formal Statement Open- ing Hoarding Drive. Becretary of the Treasury Mills issued s formal statement last night offering the new “baby bonds” to the public as part of the President’s campaign against hoarding. In reality, the securities are not bonds, but United States Treasury cer- tificates, first series, dated March 15, 1932, with interest from date at the rate of 2 per cent, maturing a year Jater, They are redeemable before ma- turity at the option of the holders, at par and accrued interest, on 60 days notice. Banks to Take Orders. “Almost any banking institution,” Becretary Mills said, “will handle sul scriptions for these certificates or sub- scriptions may be made through the Federal Reserve Banks. The Secretary of the Treasury reserves the right to close the offering without prior notice. “The certificates,” Mr. Mills’ statement explained, “will be issued only in bearer .form and in denominations of $50, $100 and $500, with two interest coupons at- tached, payable September 15."1932, and March 15, 1933, respectively. Exempt From Taxes. The certificates will be exempt. both as to principal and interest, from all taxation, except estate and inheritance taxes. “The offering of these special cer- tificates,” the Secretary explained, “is not part of the Treasury's March fl- nancing program, which will be sepa- - rately announced, but is being made in :connection with the campaign to put idle money to work, which campaign Details of The Star’s Prize Letter Contest on “"What You Have Done in the War Against Depression.” One hundred dollars in gold is await- ing the author of the best letter to The Star that will tell Star readers why the writer decided not to hoard his money, but put it in circulation. | Fifty dollars in gold will be paid to the writer of the second best letter. Twenty-five dollars in gold will be paid to the writer of the third best. ‘Write to The Star and tell its readers what you have done in this grim war against _depression, and why and how your efforts have been directed at | stimulating a sluggish flow of credit |that retards economic recovery. The details of this contest are simple. ‘There are no rules and limitations ex- cept that employes of The Star and members of their families cannot enter the race. Write your letter legibly, using only one side of the paper, and confine it as nearly as possible to 100 words. Tell why you do not believe in hoarding as a principle, and why you have put your money where it will ac- complish the most good—releasing it through expenditure, depositing it in public or private securities. Give your own views of what will happen if hoard- ing of money s not stopped, and make | suggestions on how best to instill nec- 2ssary confidence in the future of Amer- ica and its institutions. ‘Washington's anti-hoarding campaign is part of a great national effort di- rected by the Citizens' Reconstruction organization. It is not the purpose of this campaign to tell wise citizens what 0 do with their money. The purpose of the cam is to warn wise cit- izens what NOT to do with their money If they expect the Nation to get out of the slump and head toward quick eco- nomic recovery. But put down your own ideas! Tell Star readers of your own anti-hoarding experience and what made you decide | that hoarding money is abusing money and wasting its power. Address communications to Anti- Hoarding Contest Editor, Room 722, The Evening Star, Washington, D. C. Judges will make their own decision as to merits of the letters and none, un- a savings or checking account in a|less postage and self-addressed’ en- sound bank, or investing it in sound| velopes are inclosed, will be returned. $150,000,000 FREED ON EVE OF DRIVE AGAINST HOARDING ___ (Continued From First Page.) and backed by the Federal Government, | were designed as the perfect investment | for the overcautious. They range in| face value from $50 upward and ge on sale in thousands of banks throughout America March 14. Hoover on Radio. was initiated by the President, and is now being conducted by the Citizens' Reconstruction Organization, under the direction of Col. Frank Knox.” _— NEW YORK MAN SPEAKS TO CAPITAL OSTEOPATHS C. L. Robinson Makes Address Be- fore Annual Meeting at ‘Willard Hotel. C. L. Robinson of New York ad- dressed the annual meeting of the Na- tional Capital Osteopathic Association yesterday in the Willard Hotel on the sybject of “Osteopathy and Its Rela- tion to Heart Disease.” Following the address C. Richard Smith was elected president of the as- sociation for the ensuing year. Other officers chosen were Winfleld S. Whit- man, vice president; Frank T. Shyne, secretary-treasurer, while Conrad Prae- torious, M. Bertrum Crabill and Eliza- beth N. Smith were selected for the board of directors. Praetorious and Crabill, retiring pres- ident and secretary-treasurer, respec- tively, were presented with gifts. ORGANIST TO BE HEARD Dr. Dickinson Will Give Walter Reed Hospital Program, Dr. James Dickinson of Washington will be the guest organist at the recital to be given at 4 o'clock this afternoon in the memorial chapel at Walter Reed General Hospital. He is organist and choirmaster at the Church of St. James, and will be assisted in the recital by Miss Florence Woodworth | Shipley, soprano soloist. The recital is the eighth in a serfesi of monthly musicales arranged by Chaplain R. Earl Boyd, U. 8. A, post chaplain at Walter Reed, and it is open to the public as well as to the patients and duty personnel. ‘The program will be broadcast over the Army Medical Center radio system so that patlents confined to their beds 8lso may hear it. SPECIAL NOTICES. PARTNERSHIP HERETOPORE EXIST- ing between Karl Richter and Rudoiph C. Eichberg, trading and doing business as Karl Richter & . 15 this day dissolved. o . who will continue the business and pey ail bills. Given under our hands and seals this 2nd €y of March, 1932 KARL RICHTER. RUDOLPH C. EICHBERG. Subscribed and sworn to before me this 2nd day of March, 1932 2 (Seal)) HN C. POSTER, ____Notary Public, D. &. * ANNUAL MEETING OF LOTOWNERS AND glection ‘of the Board of Trustees of the Prospect Hill Cemetery Association on Tues- ay. March 8. 1932. 8 m., at the cemetery office. sts. NKLER. Secretary. * 'WATER KENT SERVICING Battery radios electrified f 7.50 and up. Work guaranteed ce. EDWARD VOGEL RADIO 1408 15th st. n.w. North 2291, _ PRICES REDUCED ON FURNITURE ing. padded vans Let us estima EXPRESS CO. Met. 4536 INCOME TAX RETURN PAPE] at Monck's Drug Store, 221 Upsh Col._ 8022 pECe bl - DAILY TRIPS, FULL AND PART LOADS, Bal Philadelphia, New York, Boston, all war volnts. unexcelled . INC,, ocal Moving Also. FROM FRED- ® chickens, 32¢ Dressed. De- 24-hour SERV- MOV- AUTO TED ur st. n.w. W ICTLY FRESH EGG sburg. 5 doz.. $1 in 25¢ Ib. 26808 WANTED-PART LOAD FROM N_ Y. CITY or points en route, March 7-9. MITCHELL fl};x@ TRANSFER. D ur 1866 or North 1 WILL NOT BE RESPONSIBLE FOR ANY debis contracted by any one other than myself. ARTHUR L. NELSON. 58 § st p.w MOVING OUT OF TOWN? TAKE AD- vantage of our unusuai service made possible by the operation of huge fleet of vans. Satis- faction since 1896 Davidson Transfer & Btorage Co. Natl 0360. Branches in other citles YOUR NAME AND ADDR 50 letter sheets and 50 en: Postpaid. ~ Send cash A_E_KI PRINTED ON lopcs for 3100 money order to e DELIVERED; HONEY POT, 3ist st. nw. * R | bor, We also pack and UANS anvwhere ? & STORAGE CO. Pionies North 3342-3343 Special Warehouse Sale ot Modern Gas Ranges F.r Use With Pyrofax Gas While They Last We Offer Sixteen new and five slightly used gas ranges at sacrifice prices to make room for 1932 stock. Some as low as $49.50 for range and br. cabinet, in- stalled, Glenwoods Magic Chefs Quick Meals Silver Stars Clark Jewels New Process Vulcan | !all the able-bodied to work” has been Through the press, from the pulpit and over the air the campaign goes into full swing tomorrow. From Wash- , D. President Hoover will | urge in a ra¢ address that the public | reassert its confidence. Direct appeals against hoarding will be made on the same program by Secretary Mills of the Treasury, Gen Charles G. anes‘ and Senator Joseph E. Robinson of Arkansas. i Chairman Knox issued & statement tonight declaring the anti-hoarding | drive already had met with great suc cess and pointing out that restoration of public confidence was its main ob- ject. His statement read: | “It cannot be emphasized too often | that the measure of success of the | Citizens’ Reconstruction Organization is | not the number of reconstruction bonds | that are sold. but rather the extent (o | which we will be able to re-establish | the confidence of the people, rekindle their faith in the future of the country, and restore their normal habits in the conduct of their financial affairs, “A true measure of the success of the entire campaign will be found in the Increase in bank deposits, because every dollar of this increase will repre- | sent a dollar taken out of hiding. Therefore, it is gratifying to know that, whereas more than $300,000,000 were withdrawn in January by depositors for | hoarding purposes, in the first three | weeks 1 February the tide was com- | pletely turned, withdrawals for hoard- | ing purposes ceased and a flow of cur- | rency back into the banks was ac- | complished to the extent of more than | $100,000,000. Pre-Campaign Efforts, “I should not be surprised if, when the report for the final week in Febru- ary is in, we will by the activities of | this organization have brought back into | active use fully half of all the money | withdrawn for hoarding during Janu- ary. This remarkable accomplishment was brought sbcut wholly during a period of organization of the campaign with its attendant publicity. The actual organized effort to get hidden money | back into circulation does not begin | until Monday, March 7. “I would like to take this opportunity to express on behalf of the Executive Committee a deep appreciation of the co-operation we have received from all classes of people in almost every com- munity in the United States. The in- spiring thing to me about this cam- | paign has been the eagerness of the | people to help. “Apparently every one was just wait- ing to go and all that was necessary | was to provide a tangible objective, | and when the American people are in | that mood there is only one answer, | victory!" | Even some of the larger sized bank notes outmoded in 1929 are coming | back to the banks, Knox sald, proving that many persons who have hoarded them two years have put them to work. | Can Give Dollars Work. | “We don't mind where they go to| work or how they go to work,” he| sald, “just so they go to work. If own- | ers of idle, hidden dollars do not want | to employ them in normal ways, Uncle Sam will give them a job, and pay them wages, too.” “If these bonds are no good, your | money is no good,” the hoarders will | be told by the organization’s salesmen. | Their issue was designed as a last re- | sort to force the overcautious to bring out their cash. Eighty thousand men and seventy thousand women will take the fleld in | Cook County alone, the organization | reported. This intensive fleld force | will be duplicated all over the country. SHORTER HOURS ASKED ‘ AS AID TO JOBLESS | Appeal to President Made in Be- half of United Ameri- can Labor. { An appeal to President Hoover to “shorten the hours of labor and put made by J. A. Lazar, on behalf of the 3,000 members of United American La- | rganized less than a year ago. | Lazar., who is president of the or- ganization, wrote to Mr. Hoover Fri- day, advocating adoption of a 30-hovs week as a means of solving the unem- ployment problem, » “It is indeed unjust,” he wrote, “to keep seven or eight million men and women out of employment entirely, | while the remaining 40 million labor | 48 hours per week. | “The life and health of & nation de- pend upon thorough circulation of wealth, the same as the life and well- being of the human body depend upon thorough blood circulation. Capital and labor both see the wisdom of the shorter work week: a'so_that wages | must be kept at the highest possible | level in order that the American stand- ard of living be maintained and im- proved.” ALABAMANS PLEDGE STAND AGAINST SMITH| By the Associated Press. BIRMINGHAM, Ala, March 5.—The eight candidates seeking election in the Alabama Democratic primary May 3 as | “uninstructed” delegates from the State | at large to the Democratic national | convention in Chicago, today issued & | statement pledging themselves not to vote for Alfred E. Smith if his name 18 placed before the convention. The statement said “recent political | Call_Today and Make Your Selection Thos, J. Crowell thorizsed Pyrofax Gas Distributor 02 New York Ave. N.E. North 1101 North 6387 history has conclusively demonstrated that former Gov. Smith of New York is not and cannot become an available | candidate, and we pledge ourselves if | elected not to vote for him. We resl”“-] him and admire his many fine qualities, | but we are sure that his nomination would be disastrous to the Democratic NEW J0B TOTALS SOAR 10 160,71 Delaware With Pennsylvania and Mississippi Wins Lead in Drive. By the Associated Press. NEW YORK, March 5—With three States reporting more than 1,000 un- employed persons returned to work in each, the campaign to provide work for 1,000,000 jobless Americans reached a total of 160,571 today. Delaware reported 1,441 new jobs found, Pennsylvania 1,237 and Missis- sippi 1.015. With smaller totals from 33 other States, the grand total in the united action for employment campaign for the day was 7,308. In addition, four communities re- ported raising approximately $175,000 for use as labor wages. St. Cloud, Minn., raised $142,885; Keene, N. H. $19.000; Elkins, W. Va., $11,400, and S . Pa., $1,500. 1,000 Return to Jobs. Employment “ieadquarters said 1,000 men had been returned to work with the Masonite plant and the Continen- tal Turpentine and Rosin Corporation in Laurel, Miss. The Gar Wood Boat Co of Port Huron, Mich., has employed 100 men, the Central Illinois Light Co. 125 and the Holland Furnace Co. of Holland, Mich., 50 Reports recelved today (figures in parenthesis are grand total for each State since the campaign started) included: California (4,106)—Culver City, 8; La Mesa, 19; Newman, 19; Oakland, 40; San Prancisco, 39; Santa Clara, 5; Sonora, 5. District of Columbia (123)—Wash- (11,701)—Peorla, 175; La Salle, 12; Gilman, 2; Chicago, 8. Indiana (8,196)—Goshen, 1; Green- fleld, 17. Iowa (5,557)—Ottumwa, 39. Minnesota (18,960) —Robbinsdale, 17; St Cloud, 10; Staples, 25. Pennsylvania Aids 9,495. Pennsylvania (9,495)—Birdsboro, 7; Curwensville, 24; Easton, 210; Marcus Hook, 11 berland, ; Scranton, 3; Sewickly, Warrior Run, 21; Waynesboro, 144; York, 20. West Virginia (4,688) —Elkins, 34; Gassaway, 23; Logan, 336; Mount Hope, 12; Sophia, 2. (14,192)—Florence, 1; ‘Wisconsin Almena, 1; Kaukauna, 55; Fond Du Lac, 15. =~ = SUGAR INSTITUTE CASE ADJOURNED TO MARCH 14 Representatives of Refiners Inter- fered in Companies’ Affairs, Two Testify. By the Assoclated Press. NEW YORK, March 5.—The fourth week of the trial of the Government's sult to dissolve the Sugar Institute, Inc., for alleged violation of the Sherman anti-trust law ended today and Federal Judge Mack announced an adjournment to March 14 Theodore T. Olson, vice president and treasurer of the Urban F. Myers Co. of Chicago, and Fred Helmer, executive of G. D. Kenny Co. of St. Louls, testified affairs of their companies had been in- terfered with by representatives of the refiners, after the Sugar Institute had been organized, with a membership that controlled the refining of $480,000,000 worth of sugar annually. Olson said he had been told he could not engage in more than one branch of the sugar industry. Heimer said the Domestic Sugar Bureau, made up of beet sugar refiners, had urged the adop- tion of principles laid down in the Sugar Institute’s code of ethics. BICENTENNIAL PROGRAM PRESENTED AT LA PLATA Exercises Participated in by Lackey High School Pupils Was in Charge of P.-T. A. Special Dispatch to The Star. LA PLATA, Md, March 5—The Parent-Teacher Assoclation of Lackey | High School presented a George Wash- ington Bicentennial program during the week. It consisted of patriotic songs, reciting of America's Creed, Papers on George Washington and Co- lonial danses. Parts in the program were taken by the following: Helen Todd, Jameson McWilliams, Adrian Dement, Ruth Kenlon, Virginia Wood, Paul Posey, Virginia Drinkard, George Polley, Dorothy Mcwilliams, Criswell Hiett, Janet Pitman and Billle McDowell chairman of the Charles tennial Committee, told 1 of the work his com- mittee is doing, The association voted to donate & road marker to thy oty e county Bicentennial HEADS LOCAL T. P. A. s W. Clayton Is Elected at Ban- quet-Meeting Friday. Charles W. Clayton was re-elected presidont of the local Travelers' Pro- tective As.o.fation at its banquet and n:egt;‘(tmg in the Raleigh Hotel Friday night. Other officers el : V.P.de Knight, first !\-fc:ue:r;xf:fnt: W. E Dulin, second vice president, and J. 5. Tisman, third vice president. J. J. B. Lerch, R. Lee Horton, John Brayshaw and C. G. McCadden were named di- "'2:5..‘" the ests in e cluded a delegation from C. HOOVER WILL OPEN | DRIVE ON HOARDING Radio Appeal to Be Heard To- night—Capital Joins in Campaign. (Continued From First Page.) safety—guaranteed by the resources of the flmfi;—-nd liquidity, the Treasury tomorrow will issue the “baby bonds that bear interest at 2 per cent and mature in one year. All Washington banks, according to C. H. Pope, presi- dent of the Washington Bankers' As- soclation, have pledged their co-opera- tion dn selling these bonds to those who prefer this form of investment. Newbold Noyes, chairman for the | District of Columbia area of the Presi- dent's Citizens' Reconstruction Organ-| ization, announced last night the names | of the prominent Washington citizens | who will serve on the Executive Com- | mittee, together with the local radio ogram. Pr ol four radio stations in this vicinity will co-operate. Radio to Carry Appeals. Station WMAL will put on a special appeal Tuesday night when “Radio Joe's” regular program, beginning at 7:30 o'clock will be turned over to Mr. Noyes, who will speak. The programs and speakers on Sta- | tions WRC. WOL and WJSV for the week in the interest of anti-hoarding will be as_follow: WRC—Tuesday. 745 to 8 pm,| Edward F. Colladay; Thursday, 7:45 to 8 pm. Joseph Tumulty: Saturday, 8 to 8:15 p.m. Frank J. Hogan. WOL—Tuesday, 7:15 to 7:20 p.m, Samuel H. Kauffmann; Wednesday, 7:15 to 7:40 p.m, John B. Colpoys; Thursday, 7:15 to 7:20 p.m., George A. G. Wood; Priday, 7:16 to 7:20 pm., H. L. Rust, jr.; Saturday, 7:15 to 7:20 p. m., Joseph D. Kaufman. ‘WJSV—Monday, 9:20 to 9:40 p.m., H. L. Rust, jr.; Wednesday, 9:30 to 9:35 pm., Newbold Noyes; Friday, 8 p.m., Joseph D. Kaufman, “The prime object of the campaign is to get hidden money back into cir- culation,” according to a statement tion Organization is, therefore, primarily Columbia area. “It is part of a weil grounded policy of reconstruction which will lead to greatly improved conditions through the stimulation of public con- fidence. This campaign has its basis in the conviction of leaders that a do- nothing policy on the part of any sec- tion of American business would only lead to further distress. The stimula- tion of confidence requires that all sec- tions of business and of the public pull together and give the established ma- chinery a chance to work. New Confidence Is Goal. “The aim of the Citizens' Reconstruc- tion Organization is therefore primarily | to stimulate public confidence in the soundness of the country and to urge people to put idle dollars to work by keeping them in banks and not in mat- tresses or safety deposit boxes, to use them in the purchase of sound securi- | ties, be they public or private, or to spend the money in making necessary improvements or in carrying on the or- dinary processes of business. “The special Treasury certificates which have been placed at the dis- posal of the Citizens' Reconstruction | Organization are aimed to release ‘stubborn’ dollars which cannot be got into banks or normal business chan- nels by other efforts.” Committee Named. The names of the citizens to gerve on the Executive Committee were an- nounced by Mr. Noyes last night as follows: Clarence A. Aspinwall, Edward F. Col- laday, W. §. Corby, Frederic A. Delano, Joshua Evans, W. W. Everett, William J. Flather, Bishop James E. Freeman, C. C. Glover, jr.; L. C. Graham, Dr. ( Gilbert Grosvenor, William F. Ham, | John Hays Hammond, John H. Hanna, | Dr. George C. Havenner, Coleman Jen- nings, Joseph D. Kaufman, John C.| Koons, Mark Lansburgh, Sidney B. Lust, Bishop William F. McDowell, Bishop J. | McNamara, Rabbi Solomon Metz, Dr. | Kelly Miller, Gen. John J. Pershing, | John Poole, H. L. Rust, jr.; Dr. Abram | Simon, Gen. Anton Stephan, Corcoran Thom, Joseph P. Tumulty, Lloyd B. Wilson, Robert V. Fleming, Stanton C. Peelle, Fleming Newbold, Franklin H.| Ellis, A. C. Case, B. M. Bergunder, Ralph Goldsmith, Harold Levi, Byron 8. | Adams. | Arthur Abbott, Dr. Arthur Christle, M. G. Gibbs, Ralph W. Lee, Samuel H. Kauffmann, Rev. T. E. Berry, George A. G. Wood, Frank S. Hight, Julius Garfinckel, ' Frank Jelleff, Henry Spencer, W. Coleman Nevils, Cloyd H. Marvin, Clarence F. Norment, jr.: Randall H. Hagner, Dr. George F. Bowerman, John H. Cowles, Merle Thorpe, David Lawrence, A. Jullan Brylawski, George W. Offutt, Harry | King, J. F. M. Bowie, E. A. Rule, | Frank J. Hogan, C. H. Pope, Joshua Evans, jr.; John E. Locker, S. Percy Thompson, Edgar N. Brawner, Eugene R. Woodson, L. H. Brodle, Miss Elizabeth M. Haney, Henry Schiffert, Maurice L. Townsend, Gordon Bonnette, | Mrs. Willlam Lee Corbin, Mrs. Amelia | Gude Thomas, Mrs. Nell R. Hysong, Dr. Willilam Ballinger, Howard W. Berry, | Russell P. Freeman, Lowell Mellett, | Edmund 8. Jewell, Mrs. Eleanor Patter- | son, Ira Bennett, Theodore W. Noyes. Civic Groups Represented. | Presidents of local organizations— Donald Chamberlin, Maj. George Oak- ley Totten, Herbert L. Brooks, Fulton R. Lewis, Frank James, Charles W.| Ray, George R. Ellis, J. 8. Gorrell, Wil- | bur 8. Finch, John T. Townsend, F. D. | Ryan, H. V. Schreiber, Thomas W.| Joy, Erwin J. Hibbs, Burd W. Payne, | ‘Albert E. Westrater, E. F. Neagle, E. 8. | Hobbs, Dr. Edward E. Richardson, Allen Fisher, Willlam J. Weber, Mrs Joseph M. Saunders, Mrs. Ruth S. McKelway. E. P. Hazelton, Joseph E. Oliver, John Otto Johnson, Harry Friedman, B. A. Bowles, Myron R. Walker, C. L. Scott, Joseph Fitzgerald, ir.; John S, Driggers, Joseph L. Gam- mel, Mrs. Ella M. Thompson, W. H. Seaquist, Dr. C. Christie, E, J. Breman, A. J. Driscoll, A. Guy Reber, will P. Kennedy, J. B. Dickman, J. W. Lambert. ! Horace J. Phelps, Edgar B. Hender- | son, Mrs. Leon Arnold, Herbert F. Mati, |E. G. Sievers, George L. Buckman, Joseph J. Wilson, Dr. Lewis J. Battle, Dr. Ciarence A. Weaver, A. G. Her- mann, Joseph M. Chaffer, W. W. Keeler, S. E. Blassingham, George J. Cleary Bessle B. Warren, Robert D. Lyons, Allen S. Jackson, Enoch G. Gray, W. W. Horab, Dr. J. A. Porter, J. Henry Lewis, 8. J. Murry, Dr. G. H. Richard- son, Andrew L. Mundy, Georgé W. Beasley, P. M. Tolliver, C. N. Martin, H. Lewis. jr.; Arthur_Chichester, George T. Beason, H. H. Banks. ‘Twenty-five tons of potatoes were thrown overboard to enable the steamer Soujourner to cease tarrying on the Goodwin Sands, England. OLNEY RN OLNEY FARM—OLNEY, MD. Where excellence of food and refinement of atmosphere are delightfully blended. LUNCHEON—TEA—DINNER 12 miles out Georgia Ave. Ext. NO OTHER PHONE LOCATIONS ASHTON 133 DIRECTION: CLARA MAY DOWNEY | of Georgetown University was reported N. B. Hudson, Rev.!| Hoarding Differs From Saving and Is Help to No One What is hoarding? “Hoarding of money, in the sense that it is being referred to In connection with the various Teconstruction programs,” said Newbold Noyes, chairman of the District of Columbia area for President Hoover's Citizens’ Re- construction Organization, “does not mean the mere saving of money. “Hoarding means the with- drawal of money from the ordi- nary channels of circulation. De- posit of funds in a savings or checking account, in a sound bank, or investment in sound se- curities, is not hoarding money. These are forms of releasing cur- rency for normal use. means sec; deposit boxes, in socks and under the mattresses or in a tin can, where it lies idle and ceases to work for its owner or anybody else. “In urging people not to hoard money it is not meant that people should engage in extravagant or unnecessary spending. Thrift is a_desirable characteristic under all circumstances. But hoarding is the antithesis of thrift. Some of it always exists. But the prac- tice is usually associated with misers and those too ignorant to know better. Hoarding today springs from fear, and, already carried to dangerous extremes, its continuation will prolong the de- pression and retard the normal economic recovery of the Nation, which is possible and toward which, as sensible human beings, we are working. SHORT SALE PROBE 10 BE THOROUGH Will Go After Bulls as Well as Bears, Senator Norbeck Declares. By the Associated Press. Senate Banking Committee members yesterday gathered data for a “thor- ough investigation” of stock market operations to determine if a group of professional operators have been manip- ulating security prices. Chairman Nowmbeck, in preparation for Tuesday's organization meeting, gave formal notice that “we are going into the whole situation, and that means we are going after the bulls as well as the bears.” Senator Walcott, Republican, Con- necticut, intimate of President Hoover, whose demands to let the public know who are the “bear raiders” led to the | inquiry, promised today the investiga- tion would be “no muckraking affair.” He said: “I am sure the committee intends an orderly investigation We want to be constructive—not_destructive.” Selection of an investigator and counsel !s one of the first problems to be settled by the committee. There are plenty of applicants. The inquiry promises to bring to Washington the Nation's leading specu- lators and stock market overators and keenest interest is manifest at the Capitol. Representative Sabath, Democrat, Il- linois, yesterday charged 1928 bulls with responsibility for the bear raids of 1932. He is sponsoring the legislation to prohibit short selling now under consideration by the House Judiclary Committee, before which he testified. ““The men who now are bears,” Sabath sald, “are the same who during the criminal inflation of 1927 and 1928 ‘were bulls. “I have recelved many communica- tions charging that some of our largest financial Institutions and most out- standing men are short sellers.” COOK COUNTY BUDGET FOR 1932 IS APPROVED Effects $5,645,911 Saving, Elimi-- nates 373 Jobs and Cuts Sal- aries 15 Per Cent. By the Associated Press CHICAGO, March 5—Cook County's budget for 1932, effecting a saving of $5,645911 as compared with last year, :ss approved by the county board to- ay. The budget, including last, year's lia- bilities, ~aggregated $45900,000. It eliminates 373 jobs and makes a flat reduction of 15 per cent in all salaries. J. L. Jacobs. newly appointed county assessor, said the figures represented a 30 per cent cut in the corporate and highway funds as compared with 1930 and that the 1932 tax rate will be 42.5 cents per $100 assessed valuation as against 56 cents in 1930. Hayden Bell, county sttorney, had previously informed the board it was/| necessary to adopt a budget by March 1 if it were to be legally effective. The board, however, failed to do so and later obtained an opinfon that it had additional time in which to adopt a budget. ROOMS LOOTED AT G. U. Three Lose Money, Clothing and Articles Worth $162. ‘Theft of money, clothing and other articles totaling $162 in value from three rooms in the new North Building | to police yesterday. William L. Boffa's loss totaled $56: Raymond Hoy. $40, and Bill T. Moore, $66. The thefts were between Thursday morning and Friday night. New Class in ADVERTISING Starting Tuesday 7 P.M. Livingstone Academy 1333 F St. Met. 2883 BROWNING & BAINES Orienda Uo 1's Vacuum Sealed! 1932—PART ONE. #+ A—3 HYDE HURLS BACK ROBINSON CHARGE Agriculture Secretary Also Terms Highway Bill “Pork Barrel” Legislation. By the Associated Press. Engaging again ina dispute with a | Democratic Senator, Secretiry Hyd: yesterday hurled back & charge of “pork barrel” legislation at the $132.- 000.000 highway construction bill ap- proved by a Democratic House. " “was sent through the mails under Government frank, and drew from Senator Robin-| son of Arkansas, the Democratic leader. | an sccussation that he was misusing | public funds “The pot calls the kettle black,” the Agriculture Secretary and staunch de- fender of President Hoover. said yes- terday. “How many reams. bushels| and bales of simon-pure political dope | has the Scnator himself sent out to the country under his frank during hi, long but sterile public “How many acres of pure white paper has the Senmator covered with ‘é)ollucnl pizen’ and adorned with his owing signature? Discussed Legislation, “Nobody but the Senator can answer Even the speech of the Senator Friday cost the Government more money to print and to frank than my statement about pork barrel legislation. The only difference is that I discussed the legislation while the Senator ‘cuss=d’ me.” Hj io receptly engaged in a lengthy verb: ' set- with Senator Glass, Demc _rat, Virginia, who was Secre- h&g{ the Treasury under President wi Predicting the re-election of Mr. Hoover, the Agriculture Depart- ment Secretary charged that post-war loans to Europe were made without legal authority. :F’m' to Senator Robinson, Hyde terated his original charges— that the highway construction bill was railroaded through the House by the Democratic organization and that the latter violated its economy pledge to the country. “I charged that organization,” he said, “with insincerity in cutting $10,- | 000,000 road money off the regular budget and rallroading an addtional $132,000,000 through under separate guise. 1 reiterate that statement.” He then defended his use of the Gov- ernment frank in distributing through the mails his opposition to the road bill on the grounds that it was the busi- ness of his department and public busi- ness, service? Speeches Purely Politics. Senator Robinson, Hyde sald, chose a “bad day” for his charges, asserting that the Congressional Record was filled with speeches by himself, Senators Hax rison and Dill and Representative Blae —“g] hes which were politics of pur- est quill,” attacking the President and the Republican party. “They cost the people of these United States $592.70 merely to print them," Hyde said, adding, “They will be sepa- | rated at Government expense and franked out by the ton by their admir- ing authors.” He then pointed to an address “by one of the Senator's Democratic con- ferees which cost the Government $56.20 to print. It is entitled ‘Babies and Daddies.’ I quote for the benefit of Senators Harrison and Robinson one line of this gripping address: ‘Dat’s fine. Tell daddy 'nother story.'” The Sec- | retary referred to a speech by Repre- sentative Nelson, Democrat, Missouri. Debt Suspension Backed. SAN SALVADOR, March 5 (#)—The | Board of Directors of the Salvadorean | Chamber of Commerce and Industry | adopted a resolution today supporting the government’s recent decree tem- | porarily postponing payment on foreign | debts. blie- Cent a 7Dayr Brings $100 a Month Nearly One-Half Million Dollars Already Pa Cash Benefits One cent a day ($3.65 a year), in- | vested in a National Protective pol- |fcy, will now buy more insurance | benefits than can be secured from | any other Company for any amount | up to $10 per year. This is possible because the money saved by the National Protective plan of opera- tion is passed on to its members, Thousands of persons have been made happy by receiving cash bene- fits when cash was most needed from their National Protective pol- icies, which pay benefits up to $100 each month and $1,000 to $1,500 at death. tective is the largest world, It has paid nearly one-half mil- lion dollars in cash to its vholders. The benefits for suto accidents of $100 a month (instead of the usual $50 & month) Is said by many to be alone worth the entire cost of $3.65 a year. Yet this is but one of the many features of this un- usual policy. Send No Money. For 10 days' free inspection of policy, simply send name, age, ad- dress, beneficlary's name and rela- tionship to National Protective In- | surance Association, 1152 Scarritt | Bldg . Kansas City, Mo. No med- ical examination or other red tape. After reading policy, which will be mailed to you, either return it or send $3.65. which pays you up for a whole year—365 days. Send to- day while offer is still open.—Adver- tisement, CUT AVE AT PORTER T conNECTICUT AVE O G- PHON! TREASRY DEFIT SHRSTEAD TORE Minnescta Senator to Talk on Forum Tomorrow at Forum Speaker Senatc nesota w tional Rac He will discuss the present deficit in the United States Treasury and suggest ways and means wher the present financial dilemma of the Government may be overcome. or Shipstead will not appre ject from a partisan political standpoint. but wi attempt to view the whole from the viewpoint of the formed citizen who would seek to leac Uncle Sam out of his present finan 1e prof The Wask SENATOR HENRIK SHIPSTEAD. ristorks TEXAS OIL MEN FAIL | | Get Injunction Against Military Curb, But Commission Upheld. ‘TYLER, Tex., March 5 (#)—Six East Texas oil operators were granted Fed- eral Court injunctions today restrain- ing military iuterference with their wells, but failed in their attempt to upset the authority of the State Rail- road Commission, which is backing up Gov. R. S. Sterling’s martial law pro- ration program. No relief was obtained by the plain- tiffs as the railroad commission, au- thorized by law to administer conser- vation statutes, is enforcing its own proration regulations. _— Colombia has increased, its stamp | taxes. With on ¥ io. the National Forum is regarded as one of the out- standing mediums in_ bringing the people of the United States closer to their Government in Washington Thousands of letters pour in from all States in the Union not only commend- ing ghe purposes of the forum, but the general nature of the discussions by governmental leaders. Ginisty, French Writer, Dies. PARIS, March 5 (¥ Paul Ginisty French writer, died tonight at his homy here of lung congestion, after an ill- r.edss of several days. He was 74 years ol Salvador Lu(ier Returns. SAN SALVADOR, March 6 Jorge Melendez, former President of El Salvador, has returned to take charge of his farming interests, after several years' absence from the country. Now Is the Time to Buy and Plant Evergreens Sale of Government Inspected EVERGREENS Free Delivery to Any Part of D. C. and Nearby Every tree BALLED—ready for plant- ing. Fresh, guaranteed. Govt. inspect- ed ‘stock. ese are remarkable val- ues—so make the most of thq oppor- tunity offered in this unusual bargain sale. Special 4-Year-Old Barberry Plants, Give Some One s Fragrant POTTED HYACINTH $1 to $1.50 Choice of: Norway SPRUCE Golden-Tip Arbor Vitae Japanese Plume Cypress Pfitzerina Juniper (spreading) Moss Cypress Lawson Cypress Q5¢, 4 to the Bundle, 95c Speelal Lot of Colorful POTTED PRIMROSE g ... 75cand §1 GEORGE A. COMLEY (Florist) 3209 M St. N. W. From Many Wrecking Jobs BRICK PLUMBING BATH TUBS FRAMING FLOORING SHEATHING SASH DOORS ]ength 2x4, 2x6, RADIATION cleaned, whole windows, etc. Largest Selection ROCK-BOTTOM PRICES All Yards Open Satur Reduced From Easily Seen—Easily Selected For All Your Building Needs All used material is systematically and con- veniently stocke for your careful selection. d at our yards—easily accessible We can furnish any , 2x8, 2x10 and 2x12. Also good bricks, flooring, sheathing, doors, —Lowest Prices Come to Our 3 Yards Main Office—15th & H N.E. Downtown—6th & C S.W. Brightwood—5925 Ga. Ave. days Until 2:30 P.M. ¥ $85,000 to $37,500 5909 16th St. N.-W.—Corner BEAUTIFUL CORNER RESIDEN CE ON 16th ST., FEATURI ING ONE OF THE MOST DESIRABLE HOMES NOW AVAILABLE IN THE CITY. This handsome stor reat in the Nation's attractive dining room solarium overlooking be: second_floor Mald's quarters und bath plant and servant’s bath in basement residence ital, cont kifchen with fully desiened draperies go with this home. located on the most distin ains lar ul rose garden ed residential living room with stone fireplace, butler's pantry . . . breakfast room snd 44 bed rooms and 2 tifed baths on h on 3rd floor. Cold storage, oil hesting . 2-car detached stone garage. Beauti- Drive Out Sunday Open and Lighted Until 9 0’Clack P.M. H.R.HOWENSTEIN 131 H STREET NORTHWEST