Evening Star Newspaper, March 10, 1932, Page 11

STAR, WASHINGTON, D. C, THURSDAY, THE EVENING MARCH 10, 1932. é '—g! ’ PER]’ :}s}l‘u:x‘z;:nt'.hzstem 'u:b I(c:ook dcomx:ty to | by a board of five, which was abolished equitable and fair 85-| hy recent act of the Illinols Legislature. EHIEAGU f;’;":’"}:,,‘;}’},,“mf& taxes SPIcd| Recognizing the difficulties of the UENBE and integrity, which are essential to new job, Mr. Jacobs rejected the place — certainty and' promptness of collection. | tWice before, finally consenting to a Freedom of Action Essential | cept. He was nominated for the posi- |Necessity of Tax Cut and Free Hand Pointed Out in MUNICIPAL BOND FUTURE BRIGHTENS Bankers Preparing for New Blizzard Hits Syracuse TROLLEY CARS MAROONED FOR 38 HOURS. . tion by the chairman of a Democratic Complete freedom of action tn con- | County Board aud appointed by Gor. nection with the organization and ad: ot O e ministration of the office and the full| qag ey nas ool adviser o the dlty] and county since the election last year co-operation of all taxpayers and pub-| of Mayor Anton J. Cermak. lic officials is imperative, if the essen-| ,_He Dromised an administration “free tial Tesults are to be achieved by human {TOm private interest or partisan con- agency.” sideration, and entirely in the public learance! Financing—Budget Slashes Held Encouraging. By the Associated Press. NEW YORK. March 10.— For the first time in nearly a year Wall Street bankers who specialize in State and municipal financing are beginning to dust off long-shelved financing proj- ects to see if some of them might soon be offered for public investment sub- scription Several executives have said they are waiting a favorable opportunity to un- dertake new financing, partly because they would like to engage in active underwriting work again, and. in no small measure, because they would like in that way to answer critics who have accused them of being skinflints be- cause of their refusal to loan money freely to States and cities. Bankers say there is nothing in the skinflint argument. They aver that they would like nothing better than to see a market condition which would | justify them in underwriting city and State issues. Market Strengthens. The public market for municipal bonds has materially strengthencd this week. Investors, who for months have been chary uying any the primest of 2l bonds, have shown a budding inclination to pur- chase bonds now. The movement has not yet reached impressive proportions, but is said by bankers to be reassuring. | but One of the most important influ- | ences causing better investment feel- ing, leading executives assert, is the distinct turn toward governmental economy. So far this week, the investment pub- lc has read of several brisk budget- | trimming parties. Typical of these| have been the statements that the| United States Government has trimmed its proposed budget expenditures for the next fiscal year by $365,000,000, to which the House of Representatives recommends a still further reduction of $112,000,000 The City of New York, which because of the tremendous volume of its financ- | ing needs occupies a strategic position | in the municipal market, has taken an ax to its budget this year whereby it expects to trim off $172,000,000 of costs which had already been approved. Many other municipalities, running the gamut from the United States Govern- | N. Y., in a blizzard that was HESE trolley cars were marooned for more than 36 hours at Syracuse, |win it public expenditures would have lashed the Atlantic seaboard. Drifts of snow halted busses, trucks and Prought cars. Efficiency Move. By the Associated Press CHICAGO, March 10.—A good dose of public confidence. This was one of two | major prescriptions offered yesterday by Chicago’s new assessor, J. L. Jacobs, efficiency expert, to relieve the city's empty pocketbook part of the general March storm that —A. P. Photo. FIVE U. S. DESTROYERS ARE RECOMMISSIONED First Unit of Fleet of 15 Will Re- place Others Entering Yard for Repairs. By the Associated Press. PHILADELPHIA, March 10.—Five of a fleet of 15 destroyers that are to be placed in active service were recom- missioned at the Philadelphia Navy Yard yesterday. Orders were recently issued by the Navy Department to pre- pare the fleet for service to be used in replacing other destroyers that enter the yard for repairs. The recopimissioned destroyers’ are the Overton, Sturtevant, Reuben James, Bainbridge and Goff. The Overton and Sturtevant are expected to replace the destroyers Wickes and Phillip in Cen- tral America waters about April 15. The other three are expected to_pro- ment on down to the smallest political | ceed to the Mare Island Navy Yard, subdivisions, have likewise done some | determined clipping. California. Yavesters Encoueares [CHILD DIES AFTER YEAR'S ‘These evidences, encouraged investors, who are beginning to favor tax-exempts now that the economy fever has become contaglous. So far this year, financing for States and cities has aggregated about $180,- 000,000, a large portion being made up of short-term notes, owing to the lack of a good market for bonds. In the current week, the better feeling of banker and investors toward municipal issues was shown in the State of Missouri’s sale of $2,500,000 of 43 per cent bonds. Eight underwriting syndi- cates offered bids for the issue,”Which was directly contrary to the all too frequent picture of bankers running into hiding when States have merely hinted that they would attempt to sell bankers say, have | {FIGHT TO KEEP BREATHING Suffering From Trahoma, Life of Boy Is Prolonged With Silver Tube. | By the Associated Press. | ATLANTA, March 10—A year's struggle to keep breath in the body of 4-year-old Clarence Hamilton was lost yesterday. Intermittently, the child had been & | patient at Grady Hospital. |~ Clarence suffered from trachoma, a closing of the bronchial tubes. For the greater part of the time since he new bonds. S ol Dairy Herd Report Made. ‘WARRENTON, Va., March 10 (Spe- cial)—The report of the Dairy Herd Improvement Assoclation for Faugquier County for last month gives the herd | The tube was inserted again, but he | Kuka, M. Bowen highest place for the | was unable to withstand the shock and | equivalent of $57.75, the record price of J. month. was stricken he had breathed through |a silver tube inserted in his throat. | goSommetimes he would improve and be | sent home. Then he would grow worse | and come back to the hospital, | - Yesterday his mother brought him | back, suffering from the old trouble. | dled early yesterday. New! Safe! Goes 3 times DEATH CLAIMS COOLIDGE’S “POLITICAL GODFATHER” Richard W. Irwin, 75, Justice of Massachusetts Supreme Court. By the Assoclated Press, NORTHAMPTON, Mass,, March 10— Richard W. Irwin, former justice of the Massachusetts Superior Court and the “political godfather” of Calvin Coolidge, died at his home yesterday, aged 75. He was an intimate friend of Coolidge and had urged him to seek his first po- litical office, a place in the Northamp- ton Common Council. When Coolidge was elected to the State Legislature, Judge Irwin sent a letter to the speaker of the House introducing the man who later was to become President of the United States. EARL CARROLL SUED Former Backer Named Co-Lefendant in | Action Over New Thea’er. | NEW YORK, March 10 (#) —Earl Carroll, theatrical producer, and Col Willlam R. Edrington, Texas oil man, and backer of Carroll's shows, were | named defendants yesterday in a suit for $366,632, filed in Supreme Court by the 755 Seventh Avenue Corpora- the Earl Carroll Theater stands. ary 14, 1930, the Earl Carroll Realty Corporation signed a lease for the site poration was to erect at its own ex- pense, and that Carroll and Edrington were guarantors of the lease. The complaint also alleged that the de- | fendants did not assume the cost of | the building and, as a result, mechan- fcs’ liens and mortgages amounting to the sum asked were flled against jthe plaintiff as owner of the land. 3 e Weighing slightly plg was slaughtered recently at Banja Jugoslavia, and brought the for this far tion, owners of the land on which, The complaint charges that Janu- | of the theater, which the realty cor-| % | over half a ton, a Drastic reduction in public expendi- | tures was the other proposal to restorc the city and county to a sound financial Dbasis after many months, in which one money crisis has followed upon the | heels” of another until local govern- ments were widely advertised as being broke.” Tax Cut Necessity. Sworn in yesterday as county as- | sessor, Mr. Jacobs, & Yale graduate | with 14 years of experience as an | effictency expert, took over the task of lifting Chicago from its financial morass with the statement that a restoration of public confidence was the !v,mnx that was needed and that to so that taxes would be t ol in the ability to & point “wi of the taxpayers to pay is confr “In the c he said, government: e ., sity of restoring public confidence in our revenue affairs, there is a challenge and a civic duty which one has no right to ignore. “I consider the new office & recon- | struction job. It will involve the re- organization and establishment of the | — — | NOW, Get Acquainted with Mr.and Mrs. Pennington % .. the newest novel by the author of “The Red- lakes™ Frances Brett Young You can become very well acquainted with _Jacobs' job involves the placing of billions of dollars’ worth of property on the tax rolls. In assuming it he took over the work formerly performed Free Parking While ’1 these people if you bor- row the book from our Lending Library at— 3C a day More than 3,000 other books to choose from. Lending Library, Main Floor. HecHT Co. F Street at Seventh 3 worth for *1 is ’2 saved by using Pepsodent Antiseptic! PEPSODENT ANTISEPTIC Is 3 times as powerful as other leading mouth washes. Hence it goes 3 times as far. That’s economy for you ! Why waste money on antiseptics that must be used full strength to be effective? must be used full strength to be effective. h to make this very your new collarles Their equivalents were $29.75 and $39.75 last Easter! interest.” ‘Two persons receiving the dole were married recently at Lisburn, Ireland. You Shop Here THE HECHT CO. holds a SALLE of FUR | Scarfs 9 Red Fox, brown Fox, cross Fox (dyed), pointed Fox, blue and beige Fox, 2 skin natural \ Mink, 3 skin Fitch, 3 and 6 skin Kolinsky " W EREN'T we lucky special purchase? And aren’t you lucky to be able to buy a fine, fashionable fur scarf for s coat, suit, and A Limited Quantity of Brunswick RADIOS OOD news for radio fans! Brunswick at “lower-than- low” prices! The musical instru- ment of remarkable tonal quali- ties and performance! Cabinets of unusual beauty! High-class radio features! All yours now .. . at extraordinary savings! Brunswick 7-Tube Superheterodyne ; Complete With Tubes Miniature highboy cabinet. Variable-mu and Pentode tubes. Color tone control. Dynamic speaker. Brunswick Lowboy Console Radio $ 3 9.95 Complete With Tubes 7-tube heterodyne, Super- Pen- tode and variable- 12-in. dynamic speaker. Color tone control mu tubes. Other Brunswick Radios at Unusual Reductions! Seven-tube Superhetero- dyne; with varfable-mu ‘\49 95 $549. $59.95 and pentode tubes; dyna- mic speaker. Nine-tube Superhetero- dyne Brunswick; with automatic volume control ; now reduced to...... o Nine-tube Superhetero- dyne Brunswick; high- boy with door; auto- . matic volume control.... 90-Day Service Guarantee Installed to Your Aerial LAIN, simple arithmetic is causing millions to change to Pepsodent Antiseptic. Because PepsodentAntiseptic is three times as powerful as other lead- ing mouth washes . . . hence it goes three times as far—gives you three times more for your money and gives extra protection against colds, irritated throats. For your protection against germs associated with common ills re- member there are really only two lead- ing kinds of mouth washes. On the one hand you have the mouth wash that Pepsodent Antiseptic street dresses . . . for the insignifi- cant sum of $19? Dehvers Your RADIO BAD BREATH (Halitosis) i ic does double duty when com- DR e iin and sore throat irritations. For at the same time it checks bad breath. Remember, P. A. is 3 to 11 times more powerful in killing ferme than other leading mouth antiseptics. . . and it kills germa when diluted. Some of the S50 different uses for this modern antiseptic Cold In Head After Shaving Throat Irritations Minor Cuts Voice Hoarseness Biisrerg Bad Breath Loose Dandruff g::insro é:m Checks Under-Arm Perspiration Mouth Irritations After Extractions Tired, Aching Feot On the other hand you have Pepsodent Aatiseptic, utterly safe even if used full strength, yet powerful enough to be diluted with two parts of water and still kill germs within 10 seconds. It is bad enough to have germs in your mouth before you gargle . ... it's worse to have germs after you gargle ... . so choose the antiseptic that kills the germs even when diluted. Insist on Pepsodent An- tiseptic—and be sure! Be safe~and save money! Now is a good time to start. Look prosperous and you'll feel prosperous! $5 e (Main Floor, The Mecht @o.) Genuine Silver Foxes $49.75 Third Floor Never before in the history of the silver fox industry have such large and beauti- ful silver foxes.sold for so little. Free Parking While You Shop Here . THE HECHT CO. NAtiona 100 Ameos 'n’ Andy brought to you by Pepsodent every night excopt Sunday over N.B.C.