Evening Star Newspaper, June 24, 1932, Page 7

“ SELRER ST 'Aqreemént on Turkish Loan' and Sale of Diamond Shares Help. By the Associated Press. NEW YORK, June 24—A $14.255,000 asset, the largest yet recovered, was re- stored yesterday to the bankrupt Inter- hational Match. Co. for the benefit of lu"crzdlwr:x > ames N. Rosenberg, counsel for the Irving Trust Co. as receivers, an- | nounced before Federal Referee Oscar | W. Ehrhorn that he had effected an agreement with the Turkish govern- ment under which notes on a loan granted by the late Ivar Kreuger would be retired. Diamond Shares Sold. ‘The notes mature at six-month in- tervals from 1938 to 1955 and repre- sent amortization, plus interest, of a loan of $8,500,000 made by the Ameri- can Turkish Investment Co. a wholly owned subsidiary of International Match, in consideration of a monopoly on the manufacture and sale of matches in Turkey. Of equal importance was a stipula- tion drawn up by lawyers representing diverse interests in the case and ap- proved by Referee Ehrhorn, whereby | 350,000 shares of Diamond Match Co. would be sold for $5,250,000 at a profit of $1,450,000. The stock was put up by Kreuger as collateral for a loan of $3,800,000 from the Bankers' Trust Co. and the National City Bank of New York, the Union ‘Trust Co. of Pittsburgh and the Conti- nental Illinois Bank & Trust Co. of Chicago. The banks will be reimbursed for their participation in the loan. Bought in at $14.75. ‘When the block of stock was offered at auction yesterday afternoon the Diamond Match Co, bought it in at $14.75 per share after Referee Ehrhorn had fixed that price. Under the terms of the stipulation the trustee does not surrender the right to sue for the entire sum involved if it can be shown the money was trans- ferred to the banks “illegally as a pref- erence claim.” Nor were the rights of the signatories destroyed as far as future action is concerned. I MUSIC SPIER PUPILS’ RECITAL. JULIA FISCHER and Jessie Blaisdell, pianists, were presented in individual recitals last night at the Playhouse by La Salle Spier. Both programs began with Bach, Mrs. Blaisdell playing the refreshingly new and delightful overture from the “Twenty-ninth Church Cantata” (ar- ranged by Saint-Saens) and Mis. Fischer the “Prelude and Fugue in C Minor,” from the well tempered clavi- chord. Both programs ended with con- certos, done with Mr. Spier at the sec- ond piano, Mrs. Fischer’s being a Mozart movement and Mrs. Blaisdell's two movements of the Chopin “Concerto in E Minor,” for which she had more than ample technical facility. The remainder of Mrs. Fischer’s con- cert consisted of a Beethoven sonsta end the many-mooded “Papilions” of Schumann, and in the realm of the modern, a difficult Dohnanyi “Rhapsody” and three most interesting and highly pianistic numbers (visions) by Mr. Spier. which were greatly liked. Mrs. Fischer brings to her work the background of a college e and - one feels her talent is dir by & trained and high- ly intelligent mind. =~ Her ftechnic is characterized by refinement and beauty. Following ber Bach Mrs. Blaisdell played the entire “Wfidl"geln Sonata” | and a Toup. ( “Triana” from Aanem." the unfamiliar “Polichinelle” of Villa-Lobos and the, “Fire Ritual Dance”. of De Falla). The | techmical and interpretative ability of both pianists seémed best displayed in their modern numbers, which brought much applause. Each should be con- gratulated . on sincere work, abundant effort and ample and admirable technic. To both player’s work can well be added more fancy and poetic flight of imagina- tion, and for one less restraint and for the other a curbing of exub;ru}r;ceb - | REJECTS TAX TRANSFER House Group Votes to Retain Power. Le¥y on Consumer. The House Ways and Means Com-| mittee rejected yesterday a resolution to | transfer the new revenue bill's 3 per cent tax on electrical energy from the | consumer to the power company. | The decision was on & resolution in- | troduced by Representative Vinson, Democrat, of Kentucky. The vote against its approval was 12| to 9. A similar proposal by Senator Nofris, Republican, of Nebraska, has been introduced in the Senate, but no | action has been taken. | a 2 weeks'’ vacation in NOVA SCOTIA 57938 Including fare and berth Take advantage of low rail rates and get a 1932 vacation bargain. You can| have two weeks inNova Scotia for lit. | tle more than it costs to stay at home. | $79.98 covers rail and steamer fares | both ways, lower berth where neces- | sary, board and lodging for 14 days. | A Month Costs Orily $103.98| Nova Scotia offers delightful sea-coast | towns and sun-kissed beaches; quiet | pine woods; sparkling lakes and streams and the romance of the Land | of Evangeline. Swimming, golf, boat. | ing, fishing, tennis. Write for booklet | and information stating type of country ! and sports you prefer. Clip this ad | out, so you won't forget. GEO. L. BRYSON Room 220, Shorebam Blds. 15¢th and “H" Streets, N. W. Washington, D. C. Phone: National 3333 CANADIAN NATIONAL ENING STAR, WASHINGTON, D. C. FRIDAY, JUNE 24 1932. ‘_l PRICES oxMEN'S WEAR ar: [ FOR $27 we can dress any man from head to foot. u w And we make it easy for him to pay by af- fording the convenience of a Charge Account! Tropical Tweed Skillfully tailored by Sheldon, the Summer Suits largest manufacturers of men’s cool ' clothing in America. They’'ll hold their Tropical Twist shape like any year-round suit. Light Summer Suits greys. Light tans. Blues. Browns. Sizes 34 to 52. they’re regularly worth $25! $ Extra Quality . . 2 Seconds by Direct Elevators to the Linen Suits Men’s Clothing Department—Second Floor Men’s Sheldon Cool * Air-Weight Straws Selected sennet straw braids. Perforated through the outer band, the crown and sweat- band. Cork lined for more cooling. Sheldon Panamas, Leghorns, Banghkoks, $3.85 (Becond Floor, The Hecht Co.) PRAYAVAN 6,000 White Shirts «now being featured in our Annual SoMmEe SHIRT SALE Six for $11 $1.88 New Plain Color Ties Silk Crepes, Baratheas Regular and seven-fold English shapes in the Baratheas. Pure silk crepes in regular shapes. Solid colors. (Main Floor, The Hecht Co.) Joshua Hoyle's imported English Nationally FamO us $ 1 broadcloth. Sea Island Egyptian yarn 2x2 imported English broadcloth. Fancy Pattern SOCkS Collar - attached and neckband styles. Sizes 131 to 18. Sleeves, 33, 34, 35. Discontinued patterns of a famous maker. Most Sleeve lengths 32 and 36 in Sea Island of them are full fashioned. Lisles. Silk mix- broadcloth only. (Main Ploor. The Hecht Co.) tures, etc. Sizes 10 to 12. (Main Floor, The Hecht Co.) Also...3,000 Plain Color and Fancy Shirts at $1.88 or Six All White Shoes f()r for $11 WERE YOU IN THIS B8 CROWD? 1¢'s No Secret that we sold $35,000 worth of Shirts On Wednesday, June 1Sth, the opening day of our Annual Some Shirt Sale. Still time to get yours. Sports or Street Wear White nu-buck with winged tips . . . for day and evening wear. Also included, black-and-white and tan-and-white sport shoes. (Second Floor, The Hecht Co.) Men’s $1 Athletic Union Suits, 34 to 50 _ . _ _ 69C 6 for $+ Main Floor HE HECHT CO- 4F STREET AT 7™ FREE PARKING WHILE YOU SHOP HERE