Evening Star Newspaper, April 26, 1932, Page 2

T 94 PER CENT LOSS ; | SHOWN BY STOCKS 15 Representative Issues Drop From $1,457.75 Value 1# in 1929 to $91.12 Now. By the Associated Press. NEW YORK, April 26—The Senate inquiry into the stock market has again drawn attention to the scope of the de- cline in values since the peak of the 1929 bull market. A group of 15 “epresentative stocks, eelected at random from the less-than- $10 class, at their closing prices yes- terday were selling at an average price of $6.08 a share. At the extreme high point in 1929 they sold at $97.18. ‘Assuming & man held one share each of the 15, their combined current mar- ket value would be $91.12, against $1,457.75 at 1929 top prices. Sweeping Liquidation. This sharp depreciation in price Jevels, bankers point out, has been ac- companied by the most sweeping liqui- dation in financial history. The scope of this liquidating movement has been furnished by the steady shrinkage of loans extended by banks on securities. At the 1929 peak the brokerage loan figure stood at $6,804,000,000. It had shrunk to $3.424000,000 January 2, 1930; was $1 000,000 on January 2, 1931, and was 68,000,000 on January 2 of this year. The low point reached this year was $485,000,000 on April 14. The latest avaflable figure, April 21, was $504,000,- 000. From the 1929 peak to the latest available figure the shrinkage in brokers Joans amounted to $6,300,000,000, or 83 per cent. Shrink 94 Per Cent. From the 1929 peak the aggregate price of the 15 representative stocks shrunk from $1457.75 to $91.12, or & decline of $1,366.63, amounting to 94 per cent. No effort was made to draw any con- clusion that the 93 per cent shrinkage in brokers’ loans brought about a 94 per cent decline in market value of the 15 stocks, this closeness of the figures being described as pure coincidence. In some of the stocks the decline was sharper than in others, due to changed conditions in the industries which these jcular companies serve. Likewise, it was noted, those stocks which drew the strongest speculative following in 1929 were among those which have suf- fered the severest deflation since. LA GUARDIA HOLDS FINANCE WRITERS WERE SUBSIDIZED (Continued From First Page) bill offered by the House Ways and Means Committee. ‘The circular read by the witness esti- mated the market drop following the tax approval at between $2,000,000,000 Virtually the full committee was on hand after La Guardia had begun his testimony, but William A. Gray, the counsel, was not present. tee members questioned La Guardia closely. La Guardia said Whitney had testi- fled before the House Committee that regulation of the exchange by statute 1s not necessary, contending “that they maintain complete control over their men.” “I say that statement is not true” said La Guardia, “and Mr. Whitney knew it was not true when he made it.” Held Court Was Wrong. He cited a case in which a court t was rendered against a Wall Street firm for fraud and said Whitney, when reminded of this, “said the court was wrong and the exchange was right.” “Not only do brokers rig the market,” La Guardia said, “but they speculate in stocks in which their members are di- “I shall deliver proof that when the stocks are selected to be rigged, high- pressure publicity men are hired to write the stuff.” several uardia then named financial writers who, he said, were given checks for writing por- traying Savage Arms stock in a fa- light. This La Guardia de- as “part of the ballyhoo.” Shows Series of Checks. He held up before the committee & series of checks bearing 1924 dates and signed, he said, Two for $50 5 A made out to J. F. Lawther, who, he asserted, was “then on the New York Herald Tribune.” Another for $140.02, he said, was made out to W. J. Gomber, then on the Financial American. Numerous other checks, he sald, were “given to the pay off man, who stated he paid them to other financial writers Who were ticklish about taking checks.” He told the committee he “did not wish to disclose the name of the pay- off man at this time."” Describing what he referred to as ballyhoo, La Guardia said 605 stories calculated to induce the public to buy stocks were circulated in 208 newspa- pers, with 11,000,000 circulation in 157 cities with population of 32,000,000 Implicates Other Writers. La Guardia also presented a check for $268 which he said was indorsed by Richard Edmonston, then with the ‘Wall Street Journal, as part of a second ballyhoo on Savage Arms. He offered a check of $184 made out December 5, 1924, and described as in- dorsed by Charles T. Murphy of the New York Evening Mall The Evening Mail was consolidated with the New York Telegram on Jan- uary 24, 1924. An immediate check of the identity of the person to whom the check was made out was not avail- able A check of $209 to Gomber and $200 check indorsed by W. F. Wamsley, then of the New York Times, then were described by La Guardia. “I am sure he deceived his own editors,” La Guardia said. The 'Representative then told of & ballyhoo in “Pure Oll” stock, the name of which drew & laugh from the com- mittee. He told of three checks for $400, $600 and $800 drawn in January, 1925, for vorable scribed this stock and given to the pay-off man. | Other checks presented were $468 tndorsed by Edmonston, checks of $100 and $184 to J. W, Walker, of the Herald Tribune, $275 to William White of the Evening Post and $284 to Gomber. La Guardia read a letter to Plummer from Oecar L. Gubelman of 61 Broad-| L& Guardia hearing the committee took | some one in the kitchen. way, in }925 offering him a 30-day option on 500 shares of Pure Oil at 25. “If the price went up he collected?” asked Senator Barkley. “He couldn't lose. these deals were profitable,” said La Guardia. La Guardia then presented a $1,000 check made out to George F. Breen, publicity man for Simms Petroleum. Names Brokerage House. ‘The brokerage house that employed Plummer in the Savage arms case was Jackson brothers, La Guardia said. The Chase Securities Corporation employed him for the Pure Oil stock, the witness said. La Guardia said Maxwell Motors Corporation paid $600 each to nine isile the publicty was going out % publicity was out up the stock,” he lained, munmphum-uwmmm the Above, Representative La Guardia as he disclosed to members of the Sen- ate Banking Committee today charges “boosting” certain securities. that financial writers received pay for Below, Mr. La Guardia helping carry in the trunkload of evidence which he showed to the committee. —Star Staff Photos. publicity reached 17,000,000 readers in 295 cities. Senator Glass asked if “all this has been changed” since Whitney became | president of the stock exchange. “He was president when we brought to his attention the Hayden-Stone case,” La Guardia replied. “He bas been president of the Busi ness Conduct Committee for 12 years, Glass remarked. “The Business Conduct Committee passes on each other’s misconduct,” La Guardia retorted. The witness then took up the history of Indian Motor Cycles. He said the company decided in December, 1929, to issue 40,000 additional shares. On November 30, 1929, the stock sold at 5 and 500 shares were traded. On Janu- l{y‘ 4, 1930, 3,700 shares were traded a “Then the publicity started,” he said. “This first shot was a story on_ the | success of the company in the local paper, the Springfield Union, Spring- field, Mass. Later the publicity was started up through the Boston News Bureau telling of the improved condi- tions of the company. On January 16, 1930, the same story was reproduced in the Wall Street Journal. All these stories were distributed as circulars with cards inclosed offering customers a chance to buy.” “There was no real market for motor cycles,” La Guardia said. “So they con- tacted Coatalen, a British motor manu- facturer, and purchased the American rights for an air motor which was in :ge blueprint stage in return for 50,000 ares. “On this basis the shares were dumped on the American market and the motor }ka:l.s never been developed, so far as I ow." La Guardia sald the stock jumped from 5% to 17 while the shares were re g sold, and then back 0 515, 'I‘h: brokers in the Indian motor stock, La Guardia said, were Harry Con- tent and H. F. Hansel, jr. Content, a leading trader and broker, has been subpoenaed by the committee. Cites Attack on Congress. “I belleve,” continued La Guardia, “that the same sordid story could be told of almost every pool stock. I be- lieve the same thing took place with | the Kreuger stocks; 138,000 American investors bought Kreuger bonds and more than 300,000 bought Kreuger stocks. ““Then storles are sent out that if it were not for Congress, stocks wouldn’t go_down.” Senator Glass asked if the same kind of publicity was used in the Anaconda Copper pool, in which Chairman Ras- kob of the Democratic National Com- mittee participated. La Guardia said the publicity man in th:'. had not “contacted” with him yet. La Guardia said the bankers had not thought up an “original idea or a single truth” during the depression. | Challenging the Whitney statement that stocks went up because of the feverish buying of the American pub- lic, La Guardia shouted, “The Ameri- can public was deceived.” “Lee Higginson & Co., was selling the Kreuger stock,” he continued. ““Why, Senators, if Whitney had been president of a grocery exchange and Higginson was selling canned beans and conspired to misrepresent as they | have in their present occupation, both would be under indictment at this time.” With that La Guardia concluded and the committee went .into executive | session. Will Photostat Checks. In the executive session following the | | over the trunks of evidence submitted by him and decided to photostat the checks he presented. Four of these were drawn on_the| |and were all signed by Plummer. ‘The first was dated December 3, 1924, for $800. It was indorsed by Plummer and by Herbert J. Dotter- wach. y The second was dated December 5, 1924, for $184 and was indorsed by Murphy. ‘The third was dated December 18, (1924 for $209 and was indorsed by | Gomber. The fourth was dated December 20, | 1924, for $200 and was indorsed by | Wamsley. PAPERS DENY RESPONSIBILITY. Men Named in Probe No Longer on Times or Evening Post. NEW YORK, April 26 (#).—Ralph Renaud, managing edit itor of the Eve- Post, announced today that Wil- liam White, who was named by Repre- santative La Guardia as financial writers indorsing . legedly in payment for publicity, is not now on the Post's stafl. “The Evening Post, of course, knows nothing of any such transaction,” said Mr, Renaud. “Mr. White is not now in the employ of the Post. He is undoubt- edly in a position to speak for himself.” W. F. Wamsley, named by La Guardia in connection with his indorsement of a check for $200 while on the New York Times, left that paper's employ at the end of 1929, the managing editor said. SIX OF CREW INJURED AS PATROL BOAT SINKS Veteran Rum Craft Chaser Goes Down in New London, Conn., Harbor After Explosion. By the Associated Press. NEW LONDON, Conn., April 26.—The Coast Guard patrol boat CG-290, vet- eran rum boat chaser, lay at the bot- tom of New London Harbor today and six members of her crew. were in a hos- pital as a result of an explosion which demolished the craft. ‘The explosion, believed to have been caused by the accumulation of gas fumes, occurred yesterday in the engine rocm while the boat was taking on fuel. Paul Schuler of Pittsburgh, second class seaman, suffered a skull fracture. The others, including Boatswain A. C. Cornell, commander, and Andrew A. Rhude of Scottsburg, Ind., machinist’s meate, were injured less seriously. In 1929 the CG-290 engaged in a bat- tle with the rum boat Black Duck, dur- ing which three of the Black Duck's crew were killed. ROMANOFF IMPOSTOR EXCLUDED FROM U. S. Ellis Island Bars Harry F. Gergu- son, Who Stowed Away on Ile de France. By the Associated Press. NEW YORK, April 26—The sauve well dressed man who arrived as a stowaway on the liner Ile de France yesterday under the name of Michael Romanoff was ordered excluded from the United States by a special board of inquiry at Ellis Island today. Romanoff, who is better known to Immigration officials as Harry F. Gergu- son, mingled with the first-class pas- sengers on the Ile de France for four days before it was discovered he was & stowaway. He protested that he is an American citizen, but was unable to prove it. Ellis Island officials said they were in doubt regarding his nativity. Gerguson was ordered excluded once before, in 1923, when he escaped from Ellis Island by swimming to the Bat- tery. SLEEP-WALKING WIFE IS SLAIN BY HUSBAND He Mistook Her for Burglar and Fired in Dark, Eansan Tells Police. By the Associated Press. WICHITA, April 26.—James R. Lyles, 42, shot and killed his wife, 30, at their home here early today. He said he mistook her for a burglar. The husband said he awoke and heard He grabbed a shotgun and saw a person standing near a window in the dark room. “Don’t move or I'll shoot” Lyles sald he ordered twice, but without re- I understand all | Central Union Trust Co. of New York | sponse. Then, he said, he fired. As the form slumped to the floor, Mrs. Lyles cried, “James, you've killed me."” Police expressed the opinion the wom- an was “sleepwalking.” Coroner D. G. Heckman said he believed the killing was accidental. PARTY OPENS MEETING National Farmer-Labor Convention Held in Omaha. April 26 (#).—The its candidate for the presidential nomi- nation, and for “Gen.” Jacob S. Coxey. The Platform Committee studied a pro- ) still posal for a $3,000,000 annual Govern- ment fund for employment- of labor on one of many checks 8l | public GOVERNORS VISIT COLONIAL SHRINES Tour Includes Jamestownl and Williamsburg—Return to Richmond Tonight. By the Associated Press. L JAMESTOWN, Va, April 26.—This little island in the James River, where the seeds of a Nation were sown in 1607, today welcolned Governors from the four corners of the country. The State executives left Richmond by automobile to visit Jamestown and Williamsburg, ancient Virginia capital. The tour of Colonial shrines, to which an entire day is given on the program of the Conference of Govern- ors, included an inspection of the res- toration activities in Williamsburg, financed by John D. Rockefeller, jr., and Washington memorial services at the College of William and Mary, with President Francis P. Gaines of Wash- ington and Lee University as principal speaker. Return to Richmond Tonight. After luncheon at the college, the Governors will spend the afternoon in | an inspection of restored buildings in | Willlamsburg. They will return to Richmond to- night to be the guests of the Com- monwealth of Virginia at a formal state dinner at which the Governors of four States will speak. Harry H. Woodring, Governor of Kansas, will make the first address and will be fol- lowed by Gov. William Tudor Gardiner of Maine, Gov. George H. Dern of Utah and Gov. Albert C. Ritchie of Mary- land. More than a score of States' execu- tives made the pilgrimage to Williams- burg after spending yesterday after- noon and evening at Charlottesville, where Thomas Jefferson founded the University of Virginia, and at Ash Lawn, home of President Monroe. Welcomed by Pittman. At Monticello, Jefferson's lofty home overlooking Charlottesville, the Gov- ernors were welcomed by Senator Key Pittman of Nevada, who told them there would be no return to prosperity unless the United States re-established her foreign markets. Claude G. Bowers, New York author, in a speech at Ash Lawn, pald tribute to the memories of Monroe and Jeffer- son. The occasion was the dedication of the Piccirilli statue of Monroe. Gov. George White of Ohio and Gov. George F. Shafer of North Dakota, who spoke at a banquet given by the Char- Iottesville Chamber of Commerce, laud- ed Washington and JefTerson and urged a national return to the confidence held by these early leaders. DR. GAINES SPEAKS. Washington and Lee President Ad- dresses Governors. WILLIAMSBURG, Va., April 26 (). —Citing Washington’s own words, that to “promote literature in this rising em- pire and to encourage the arts have ever been among the warmest wishes of my heart,” Dr. Francis P. Gaines, president of Washington and Lee University, to- day lauded the memory of the country’s first President. Addressing the annual conference of Governors visiting the College of Wil- liam and Mary today, Dr. Gaines said that Washington in his will made three notable bequests to education. They were the gift of a thousand pounds to the Alexandria Academy for the pur- pose of educating orphan children, a gift for the establishment of a national university in Washington, and the gift of 100 shares of James River Canal Co. stock to Liberty Hall Academy, now Washington and Lee University. Upholds His Scholarship. Although admitting that Washing- ton was not “in the accepted sense an educator,” Dr. Gaines asserted that “if we dared to broaden our definftion to include a persistent interest in the nat- ural and social sciences * * * and tire- less study of the masters of the various flelds which commanded his own ener- gies, we could not so glibly dismiss Washington as lacking in scholarship. “When we say that he had no edu- cation, we mean the somewhat super- ficial experiences of detailed courses. When we say that Washington was not an educator, we mean that he did not personally energize any particular edu- cational endeavor. Benjamin Pranklin founded the University of Pennsylvania. Thomas Jefferson conceived in great detail an educational program for a State and then brought into existence the University of Virginia, which, more completely than any other university in the world, is the lengthened shadow of one man. In no sense could Wash- ington’s definite contribution to edu- cation match the work of these two men, or of others. Concerned With Education. “Yet, the intensity of his educational zeal was of a kind with that of Frank- lin and of Jefferson. No picture of Washington himself could be complete without these beautiful fragments of his concern for education, his pleasant personal relations with many institu- tions, his personal generosities in the behalf of titutions, and his dream of education in the America of the future.” Restoration Described. The story of Colonial Williamsburg and the hopes and plans of its restorers were told to the Governors by the Rev. ‘W. A. R. Goodwin, D. D. “Among the four cities, Boston, New York, Philadelphia and Williamsburg, most closely associated with the birth of our Federal Republic, Willlamsburg alone could be recaptured, preserved and restored to be a witness to the glory of an ancient past,” Dr. Goodwin said. “Tt is quite evident that an area one mile long and a half mile wide could not have been acquired in Boston with Faneuil Hall as its center, in New York, with Wall Street as its center, or in Philadelphia with Independence Hall as its center, and restored with the 1 environment of forests and through the philanthropy of John D. Rockefeller, jr., he explained, has been under way for five years, and will doubtless require from two to three more years for its completion. Millions have been spent in an effort to re-create the Colonial charm and simplicity of ancient Wi g, “The English Colonial period of American history began at Jamestown, Va. in 1607, and ended at Yorktown in 1781,” he said. “These two historic lie only 20 miles apart. Williamsburg lies in between.” “These three places, inseparably united in historic unity, will be set apart through governmental action and Mr. Rockefeller's re-creative restoration work, as a e and me! com- memorative of the birth of our Nation mflme establishment of our national v Uriburu Weak in Paris. PARIS, April 26 (#).—Former Presi- dent Jose F. Uriburu of Argentina was weak today after an emergency o&fu&m cided to this on Saturday. His doctors de- perform a .blood transfusion Governors at Annual Conference ASSEMBLE IN RICHMOND FOR TWENTY-FOURTH MEETING. HE Governors of 24 States assembled yesterday on the steps of the Capitol at Richmond, Va, holding their twenty-fourth annual conference. George Dern of Utal Front row, left to right: Mrs Pranklin D.- Roosevelt, Govs. | Roosevelt of New York, Harry Woodring of Kansas, Norman S. Case of Rhode Island, John G. Pollard of Vir- | ginia, James Rolph, {: of California, former Gov. Trinkle of Virginia, Govs. Fred B. Balzar of Nevada and | where they are —A. P. Photo. | PUBLICITY BANS CAPONE VISITORS Lindbergh Case Offers Bring Order to Admit Only “Ligiti- mate” Callers. By the Associated Press. CHICAGO, April 26 (#).—The pub- licity “Scarface” Al Capone received in the Lindbergh kidnaping case is going to make his stay in the Cook County jail more lonesome. United States Marshal H. W. C. Laubenheimer revealed last night he has received orders from Washington to limit issuance of passes for visits to Capone strictly to relatives or per- sons with “sufficlent and legitimate" | business. ‘The order was issued some time ago by Assistant Attorney General George A. Youngquist and is directed against newspaper reporters among others, Laubenheimer said. The United States marshal was em- phatic that overtures to hunt the baby made by Capone through newspaper men were responsible for the order and not the recent reports that the gangster | negotiated with the Lindberghs, guar- anteeing safe return of Charles A, jr., if he were released from jail. Laubenheimer said Capone was not being held incommunicado, as a high official at Washington said last night. MYSTERY SHROWDS MOVES. Curtis Believed at Sea on Yachi— Couple Cleared of Connection. HOPEWELL, N. J., April 26 (.— The Lindbergh kidnaping investigation is still bound up in mystery on its fifty-sixth day. John E. Curtis, one of the Norfolk intermediaries trying to get the baby back, was absent from Norfolk, and was believed to be at sea on a yacht. A man and woman under observa- tion at Downington, Pa., were absolved of connection with the case by State troopers who questioned them. Col. H. Norman Schwarzkopf, head of the State police, says Col. Charles A. Lindbergh has not reported any new contact with the kidnapers. HOOVER ORDER DENIED. White House Says President Has Not Taken Up Capone Case. An unqualified denial that President Hoover has issued orders that Al Capone be held incommunicado in the Chicago Jail was made last night at the White House. 1t was said that no such proposal had been submitted to the Chief Executive for action. VIENNA GARDEN GROUP HEARS HORTICULTURIST Standing Committees Are Named and Workers on Library Grounds Are Chosen. Special Dispatch to The Star. VIENNA, Va., April 26—The April meeting of the Ayre Hill Garden Club of Vienna was held yesterday at the home of Mrs. W. W. Louk. Following a talk on “Soils and Rock Gardens” by Prof. F. L. Mulford, assistant horticul- turist of the Department of Agriculture, L}:‘: organization held a business meet- ‘The resignation of the secretary, Mrs. Richard Plerce, was accepted and Mrs. W. W. Louk was elected to fill the vacancy. The following standing com- mittees were appointed: Membership, Mrs. Harry Blake; Program, Mrs. Af- fleck; Conservation, Mrs. W. W. Louk: Entertainment, Mrs. Franklin Williams, and Publicity, Mrs. Joseph Berry. Miss Richardetta Gibson was made chairman of the work on the library grounds, with the following as assist- ants: Mrs. Harry Blake, Mrs. Willlam Denham, Mrs. Ashley Money and Mrs. W. W. Louk. An appropriation of $25 was made to continue the work on the library grounds. —— Horticultural Society to Meet. HYATTSVILLE, Md., April 26 (Spe- cial) —The Hyattsville Horticultural Society will meet Thursday night at the home of L. L. Powers, president, at 8 o'clock. Why Don’t You Vote? Note Left by Davis Asks Office Callers By the Associated Press. Callers at the office of Senator James J. Davis today were greet- ed by a locked door and the fol- lowing notice: “Today, April 26, is primary election day in the Common- wealth of Pennsylvania. Why didn't you go home to vote?” Senator Davis is a candidate for renomination in today’s pri- mary. HEFLIN, IN SENATE, PLEADS FOR SEAT Argues Before Crowded Gal- lery on Special Privilege. (Continued Prom First Page.) | chief. His face above his flowing cra- vat was flushed. ‘! Both Senator Bankhead and Senator Black, Alabama's other Senator, were absent as Heflin began, but Black en- | tered the chamber shortly after. Heflin started by speaking slowly, quoting scripture. “The Master said, ‘Know the truth i an’?i the truth will make you free,'” he said. but would not wait for an answer."” As he addressed himself immediately to the election contest, Heflin said he had been denled the right to take tes- timony in the middle or southern part of Alabama. He complimented Senator Shortridge (Republican, California), chairman of the Elections Committee, but criticized Democratic members on the ground he had not been given a chance to con- clude his case. ‘When the committee attempted to re- fer the case back to the subcommittee, Heflin asserted, Senator Bratton (Demo- crat, New Mexico) and Senator George (Democrat, Georgia) declined to serve. “Then I was called to the State of my good friend Senator Glenn, Repub- lican, Illinois, to speak,” he went on, adding that while he was gone Bank- head’s friends and Senator Blaine, Re- publican, Wisconsin, got the commit- tee to act. He reminded that Senator Norris, Republican, Nebraska, had supported Gov. Smith and that former Senator Simmons, Democrat, North Carolina, supported Mr. Hoover, “Did they undertake to read him out of the party in North Carolina?” Heflin thundered. “No, they permitted him to “So Senator Simmons was not read out; Senator Norris was not read out, but I was read out. Why? Because it was generally conceded by the Bank- head leaders I would be nominated.” This course he termed “political as- sassination.” y Chamber Is Packed. The chamber was packed, with long lines waiting outside the doors. Mem- bers of the House and others were standing at the back. Heflin stood just inside the Democratic side near the center aisle at the rear of the hushed chamber. His back was to the Demo- crats almost constantly, as he directed his appeal to the Republicans, who sup- ported his cause in committee. His familiar “My God, Senators, think of that,” rang out with a clap of the hand as the Alabaman called “rotten” the moves in the Democratic Central Committee which barred him from the primary. Recalling the circumstances of the Alabama Democratic Committee’s action in barring him from its primary in 1930 Heflin said Senator Black was “strong against the machine then,” although he now supports Bankh was offered by an attorney for the Al bama Fower Co. and by “Alabama railroad attorney.” “Every Alabama Power Co. attorney and the president of the company,” he said, “were supporting Mr, Bankhead and opposing me.” Barbers in Doctors’ Elnn. A new Florida law makes barbers professional men, placing them in the same class with doctors. Are You Proud or Ashamed —of the appearance of your home? A little paint will make it look like » new—keep it in better condition—make you proud of your home. It will do more, bor earn a few dollars. It will help a neigh- And, talking of dollars—have you ever known dollars to buy so much paint and labor—good labor—as they do now? “HELP YOURSELF BY HELPING OTHERS" “‘What is truth’ said jesting Pilate, | TRDIEUBLOCKS | * BRUENING PARLEY Fails to Attend Franco-Ger- man Meeting Arranged by Stimson. By the Assoclated Press. GENEVA, April 26.—A joint plan of Secretary of State Henry L. Stimson and Prime Minister Ramsay Mac- Donald of Great Britain to bring to- gether, in their presence, Premier An- | dre Tardieu of France and Chancellor Heinrich Bruening of Germany for an effort at Franco-German reconcilia- tion, went awry this morning when | Premier Tardieu failed to show up. MacDonald and Stimson thought they had the French premier's promise | to meet them and Chancellor Bruen- ing at Secretary Stimson’s villa at Bessinge, but M. Tardieu remained in Paris. Bruening Attends. Chancellor Bruening was present, | however, and conferred with Stimson and MacDonald all morning. Afterward they said they had talked | only of disarmament. All three agreed | to remain here until Friday, when M. | Tardieu will return and the four of them can get together. The results of the Diet elections in Germany Sunday have given cold chills to the leaders here who are seeking a solution of international problems, especially on the eve of the French elections. According to well informed sources, Secretary Stimson and Prime Minister MacDonald agreed the time had come to bring Dr. Bruening and M. Tardieu face to face and to say to them, in effect: “Your relations and the Eu- ropean situation are rapidly approach- ing a catastrophic stage. Now what are you going to do about it?” Experts at Work. The Disarmament Conference sus- pended its activities today and the land, sea and air commissions went to work to try to designate which weapons of war might be considered as distinctly aggressive. As soon as the reports of the sub- commissions are ready, the general commission will resume its sessions and attempt to apply the principle of qualitative disarmament by the aboli- tion of certain offensive arms, as pro- posed by the British and Americans, or by their internationalization, as proposed by the French. The technical work of the subsidiary commissions is expected to require at least two weeks. PRESIDENT RECEIVES DAVIS CUP PLAYERS Drawings Made for U. S.-Canadian Matches Next Thursday at Chevy Chase Club. President Hoover today received in his office the Davis Cup tennis players of Canada and the United States, and after a round of handsakes and ex- change of felicitations the President and his guests went to the rear grounds, where they posed for a photograph. The President drew from a hat the names of the tennis stars who will be matched next Thursday afternoon at the Chevy Chase Club in the first round of the American zone playing for the Davis Cup. The first slip drawn showed that Marcelle Rainville of the Canadian team will be matched against Wilmer Allison of the American team. The second one matched Ellsworth Vines, American, and Dr. Jack Wright, Can- adian. On Priday the Canadians and Americns will engage in the doubles matches and Saturday Rainville will oppose Vines, and Wright will oppose Allison. A. Y. Leech, tournament referee, an- nounced the drawings. The ceremony, which was brief, was attended, besides the tennis stars, by Hume Wrong, counsellor of the Canadian legation, who, in the absence of Minister Her- President; Lawrence Acker, chairman of the Chevy Chase Tennis Committee and representative of the National Lawn Tennis Association; George Mel- drum, veteran president of the Can- adian Tennis Association; Capt. Pren- tice of the American team, and Capt. Russell Train, Naval aide to the Presi- dent. STAR MAY QUIT SCREEN James Cagney Will Study Medicine if Pay Raise Is Refused. James Cagney, film star, is ready to pictures if his his screen career he may seek to enter Co- lumbia University to study medicine. “My two brothers are physicians and mmfimNJmm" » actor the . ‘Thursday, marketing of the tobacco crop in St, Marys County, HOLLYWOOD, Calif., April 26 (#).— | Band this e MASSIE CASE NEAR - JURY AT HONOLULU Counsel to Begin Arguments in Murder Case Today. No Time Limit Fixed. (Continued Prom Pirst Page.) the third alienist to express the bellef Massie was mentally competent at the moment of the iragedy. ‘wo defense alienists previously testified Massie was mentally der;ng:: Dr. Catton’s detal! zeview of Massie’s testimony about the attack moved Mrs, Fortescue to the most violent weeping she has displayed at any time since go- ing on trial. Massie comforted his mt;t{he:-ldn»l?whss she cried leated clashes, sometimes the interference of Judge Davis. marke the questioning of Dr. Catton by Darrow. Testifying only from examination of the record—Darrow had refused to let the prosecution alienists observe Massie —Dr. Catton spoke to the jury with an emphasis that irked Darrow. Reviews Testimony. The San Francisco alienist, between many defense objections, reviewed the story of the attack related on the stand by Massie. He referred to the plotting by Massie, Mrs. Fortescue, and the other defendants, Lord and Jones, and then went into his opinion. Reminding the court that Massie was born in Kentucky, Dr. Catton, whose testimony helped to send Mrs. Winnle Ruth Judd to death row in the Ari- 2ona Penitentiary to awalit execution for the murder of two women, said the naval officer’s behavior in the Fortescue home the day of the tragedy was not the irresponsible act of an insane per- son, but the deliberate step of the young Southerner to avenge his wife's honor. The witness said he found no evi- dence in the record that Massle was in- sane; that he had no brain disease and was sane enough to prepare his de- fense. He said that prior to the attack on Mrs. Massie last september Massie Was an average sane person, and that the naval officer’s subsequent nervous- ness and worry constituted a perfectly normal and natural reaction. “Massie’s instincts to anger and to fight were brought into play,” said the witness. “He took steps to see that his honor and his wife’s honor were Te- stored.” The witness asserted that after the mistrial of Kahahawal and four others accused of the attack, Massie became | convinced that his theory of the assault was “not the popular theory.” Objects to Testimony. “I move to strike that out,” sald Darrow. “This California doctor doesn't know any more about the popular Ehe‘?ry than if he had been in Aus- ralia.” Judge Davis overruled Darrow and Dr, Catton said Massie's reactions were | those of anger and fight, and those of & sane, normal man. He turned to the racially mixed jury and spoke with emphasis. “I object,” sald Darrow testily. “Why can’t he sit in his chair and talk like any other man? He doesn't have to em- phasize his remarks. That isn’t honest testimony.” “Has he any right to question my honesty?” Dr. Catton flared, turning to Judge Davis. “I didn't say you were not homest,” | Darrow retorted. “Well, I resent it,” said Dr. Catton. “All right, then, resent it,” Darrow growled. Referring to defense alienists’ testi- mony that Massie had “chemical in- sanity,” Dr. Catton said he found no evidence of such, and, in fact, that he “never heard of chemical insanity.” “If he doesn't know what chemical insanity is,” Darrow interrupted, “how does he know whether there is evidence of it here or not?” Dr. Catton didn't answer that and the court ordered their side remarks disregarded. Darrow’s objection ented Dr. Catton from saying whether he believed Massle'’s story of the killing true or un- true. The veteran defense attorney's cross-examination, in some instances, strayed from the immediate question. Pinally he asked: Denies Interest in Case. “Are you interested in this case in having Mr. Massie convicted?” “No." Darrow then asked if Dr. Catton re- membered testifying in the case of & man named Harlow who killed his wife in California nine years ago and in which an insanity plea was introduced. Dr. Catton said he did not remember. “Do you remember who paid you?” Darrow snarled, showing his teeth. “Yes." “Well, then, don't you know which side you were on?” Dr. Catton again resented the ques- tioning and the court stopped the argu- ment. In his brief return to the stand Dr. Faus testified, in his opinion, Kahaha- wal retained consciousness 3 to 5 min- utes after the shooting in the Fortescue home and probably was dead in 15 or 20 minutes. As Dr. Faus stepped from the stand Public Prosecutor John C. Kelley said: *“The prosecution rests, your honor.” “We rest,” said Darrow. Thus did the 12 men of varied racial descent receive the final evidence. Dr. Faus was the last of 41 persons who passed through the witness box in the last 2 weeks. Thirty-one of these were used by the prosecution and only 10 by the defense. STORMS CAUSE SIX DEATHS IN SOUTH Property Damage Reported in Ten« nessee, Arkansas, Kentucky, Alabama and Georgia. By the Assoclated Press. MEMPHIS, Tenn., April 26.—Wind and thunderstorms struck across the South yesterday leaving at least six dead, more than a score injured, dam- aged property and tangled power and communication lines. All the fatalities were In farming communities near Memphis. A white woman and child and four colored peo= ple were known dead. ‘The twisters swept into Tennessca from Arkansas where property damage and injuries were reported. Half & dozen Southern Kentucky counties re= ridge, presented the players to the |ported damage. Hall, winds and rain damaged homes and crops in Northern Alabama and sections in Georgia. i Plan Tobacco Parley. LEONARDTOWN, Md, April 26 (Special) —The business and profes« sional men of the fourth district have called a meeting at Chaptico, Md., hall at 8 pm, to discuss the BAND CONCERT. By the United States Soldiers’ Home Hall a8 Scenes from the opera "Nurml' “Turkish”,