Evening Star Newspaper, March 3, 1933, Page 10

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H NEW $ $ _ PRICES— 440 ond *5 15 Fq' dress, street, sport styles in ENNA JETTICK “BHE SHOE THAT KEEPS FEET FIT* ‘®In this store ONLY you get Certified Fitting: 7 “F” ST, N.W.© FEET QUIT FIRST? Then | IBANKING HOLIDAY PROBE PROPOSED Bill in Maryland House Asks Names of Persons With- drawing Over $10,000. By a Staff Correspondent of The Star. ANNAPOLIS, March 3.—Events lead- ing to the declaration of Maryland's bank holiday may be probed by the Grand Inquest Committee of the House of Delegates, headed by Dr. George L. Edmonds, chairman of the Montgomery Cocaunty delegation, it was reported here today. Such action may result from & reso- lution _introduced yesterday by Dele- gate Thomas D’Alesandro of Baltimore, calling ugon the bank commissioner to make public the names of all persons who took part in the runs on the banks during the 10 days preceding the holi~ day decrees. Mr. D’Alesandro said he would amend his resolution today so as to apply only to those who withdrew more than $10,- 000. If the list includes the names of any bank directors or officials, the Grand Inquest Committee will then be asked to conduct an investigation, he said. | Resolution Is Amended. | The Baltimore delegate decided to amend his resolution at the suggestion of Delegate Oliver Metzerott of Prince Georges County and dgreed with the latter that if any disclosures involved bank officials the proper procedure would be to submit the matter to the Grand Inquest Comimittee. | Names, addresses, amounts Wwith- drawn and the balances remaining | would be required concerning all per- sons, firms and corporations which withdrew funds between February 15 and February 25, the last day the banks were opened under the D'Alesandro | resolution, which was referred by Speaker T. Barton Harington to the Committee on Rules of which Mr. DrAlesandro.is a member. “It has been reported in the daily newspapers in the City of Baltimore thai there was withdrawn from finan- cial institutions in the City of Baltimore $13,000,000 by depositors of banks and trust compnnlas in the City of Baltimore within a few days of the recent closing of the banks and trust companies by the proclamation of the Governor.” the resolution says. Public Is Aroused. “There is & widespread feeling among many of the depositors that some de- positors, acting on advance information, withdrew their funds from many of the financial institutions to the disadvan- tage of others. “To allay any such public feeling and for the purpose of promoting a better feeling among the citizens of the City of Baltimore in these trying times; “It is resolved by the House of Dele- gates that the State bank commissioner, within five days from the passage of this resolution, transmit to this House the names, addresses, amounts with- drawn and the balances of the accounts of all persoms, firms or corporations withdrawn from all banks and trust companies in the City of Baltimore, under the jurisdiction of the State bank commissioner, within 10 days pri%r to the 25th day of February, 1933." When Delegate D'Alesandro moved to suspend the rules and adopt the res- olufion, Delegate F. Murray Benson of Baltimore said he feared the results Wwhich the publishing of such names might have in these critical times. Might Injure Credit. D'Alesandro told the House that if any one had taken advantage of ad- vance information to the disadvantage of others in this bank crisis, he thought it should be known, and it was for that purpose that he had introduced the resolution. Delegate Metzerott then pointed out that not only would such a report as that asked by the resolution show up those with large accounts, but it would show the financial condition of the man with a small account, and it might hurt his credit. D'Alesandro then announced that in order that more time could be taken to consider the oposal, he would wifhdmw his motion to suspend the rules. INVESTMENT BILL QFFERED. Measure Designates Securities to Be Bought With Sinking Funds. ANNAPOLIS, March 3 (#)—A pro- posal designed to specify the securities in which singing funds m be invested by any treasurer or aul cial officer of any political subdlv)s an was introduced in the House yesterday. ‘The securities named in the bill are public bonds of the United States, United States Treasury certificates, bonds of the State of Maryland, stock or bonds in the city of Baltimore and —or—bonds or stock of any county, municipal or public corporation, special district and—or—other political sub- division of Maryland. None of the securities could be of a maturity longer than the maturity Alrpl;n of the obligations for which the sink- ing fund concerned is provided, the bill provides, “and such of the securities so purchased as are registerable, shall be registered in-the name of said treasurer or other authorized financial officer officially as held by him for the purpose for which said securities shall be purchased.” ‘The measure was introduced by Dele- gate Mary E. W. Risteau, Democrat, of Harford, and was referred to the Com- mittee on Ways and Means. WILLOFT.R.’S SISTER FILED FOR PROBATE Robinson’s Three Children’ Chief Beneficiaries of Large Estate, ' Mrs, By the Assoclated Pnu. HERKIMER, March: 3.—The will of Mrs. Carl.nne "Roosevelt Robin- son. sister of Theodore Roosevelt, who, died last month, was admitted to pro- b"l;h yestefidzs Lo o e wi poses estimated only in the omcm l;nmuge as “more than $10,000.” After numer- ous bequests, the residue is left to the three children, Theodore Douglas Robinson, former Assistant Secretary of the Navy; Corinne Robinson Alsop and Monroe Robinson. Mrs. Robinson was burled at her es- tate near Herkimer. “It has been my desire to give vari- ous other legacies,” she said in her will, “but in view of the financial de- pression, I deem it unwise to do so, and accordingly I am dispos! of the residuary to my children.” will was dl(zd May 24, 1932. xpressed the wish that the chl.ldren dlstflbuu part of their in- heritance as suggested in a list made part of the will. The recommendations included: New York Orthapaedic Dis- pensary and Hospital, $7.500 in mem- ory of her parents, Mr. and Mrs. Theo- dore Rocsevelt; $500 to St. Paul’s School at Concord, N. H.; $1.000 to the Jordanville Library, and $500 to the Jordanville Baptist Church. Jor- danville is close to her estate. —_— Bible Read in 17 Hours. BARTLESVILLE, OKla., March 3 (®). spanned Standing Is Held Unnecessary for Inaugural Salute SENATE PROBERS RECESS STORK QU Profits of National City Co. in Finanging Mergers and Bond Issues Described. By the Associated Press. Profits made by the National City Co., subsidiary of the National City Bank, in “financing mergers and bond issues in the boom days were described to the Senate Banking Committee yesterday by vice presidents and former vieg presi- dents of that concern. At the close of yesterday's meeting the committee recessed its investigation until the next session of Congress. ‘There was testimony that the present market price of a $32,000,000 bond is- sue of the Lautaro Nitrate Corporation, whose parent company is in Chile, is less than the difference between the $93.75 at which the bonds were received and the $99 at which they were sold to the investing public. Merger Investigated. Ferdinand Pecora, committee council, lingered longest yesterday on the eir- cumstances which led to the merger of three farm implement firms in 1929. ‘They were the Nichols & Shepard Co. of Battle Creek, Mich.; the Oliver Chiled Plow Works of South Bend, Ind., and the Hart-Parr Co. of Charles City, Iowsa. Out of this consolidation came the Oliver Farm Equipment Co. Stanley A. Russell was the vice presi- dent who related how this happened, and he said that Mason B. Starring, jr., & director of the Nichols concern, aided in beginning the negotiations and that Starring received a substantial share of the profits. The testimony also showed Samuel White was a director of one of the firms and that the company which White headed, the National Republic Co., Chicago bank affiliate, also shared in profits. The City Co’s part in these was about $1,288,000. Russell said the City Co. got 21,000 shares of the Farm Equipment Co.'s common stock and put a value of $: a share on it. Shortly afterward stock went on sale on the New York Curb Exchange at more than four times that figure, it was testified, Nitrate Issue Examined, Participation of the company in an issue of Lautaro nitrate bonds, also floated in 1929, was scruti J. P. Morgan & Co. and Guggenheim Bros. participated in this financing, al- though the latter turned their 10 per cent interest over to Lehman Bros., the firm of which the present New }"t;rsk Governor was & member until Morgan had a 25 per cent interest, but the concern failed to share in an additional bonus of 152,000 shares of Lautaro common stock which the City Co. received. “There is nothing to show you told Morgan about this stock bonus?” Julius Silver, who was conducting the hearing, told Ronald M. Byrnes, - former com- plny vice president, who was on the “Not in writing apperently,” Byrnes replied. He was unable to testify, he said, whether the Morgan firm knew of it. ‘The City Co. made about $1,000,000 on that transaction and Morgan around $50,000. Joseph V. Ripley, company vice pres- ident, told of assisting in the consoli- dation of the Boeing Airplane Co., the Boeing Air Transport, Inc, and the Pacific Air Transport into the Boeing Afrplane & Transport Corporation in the Fall of 1928. ‘The company shared in this deal with the Pacific National Co. of Seattle and it profited by $244,366, 1n addition to 16,200 ;hm of common e INSURANCE “RACKET” ‘ALLEGED IN ARRESTS 20 Complaints Reported, and Same Scorched Furniture Is Said to Have Been Used. By the Associated Press. CHICAGO, March 3.—State’s attor- ney's office police charged yesterday that a group of men kept home fires burning at a profit 20 times with one :e«. of well scorched household furni- e ey arrested Robert Bl‘lte 43, of Oa.k Pnk. and Fred Coba, 40, of accusing them as leaders of the ‘hed furnif the moving out of their own, fol- lowing this with the bumh( of newn- papers to scorch the walls. y adjustments for dnmacu follow. "The 20 complaints we have against these men do not exhaust the fleld,” the prosecutor said. former experiences He added that Brace had as an GERMAN POGROM 12 HELD NI INHINENT Entire Jewish Populahon of 600,000 Is Deolared Fac- ing»Per}secution. By the Associated Press. LONDON, March 3.—The Daily Heérald said today that plans complete for an anti-Jewish ted hours and cannot at the most be post- poned more than a few days, the Herald ‘Tens of thousands of Jews, the news- paper oonumud. mdkted as th list is pvw!n: hm o i e The Herald declared that complete evidence of the intentions of the Ger- man National Socialists has reached London and has been considered in the inent, according x'x:’m&enuan sy minen! A e newspa bucmn!omllutoukek-mmp:l extreme delicacy. In the Herald’s op!nlon. only the massed pressure of wor opinion can avert catastrophe. An official spokesman for Chancellor Adolf Hitler’s Nationol Socialist ment in Germany said earlier f’m that rumors of an impending massacre ‘were “completely groundless.” FIVE KILLED IN CLASHES. Scores Injured in Political Battles in Various German Cities. BERLIN, March 3 (#)—Political clashes at Hamburg, Bernburg, Duessel- dorf, Hoechst, Kassel and Bnmen left five dead and scores injured toda At Hamburg a 70-year-old der was fatally wounded when Communists fired into & parade of National Social- ists. A member of the Reichsbanner died later of waunds received in & clash 'fkht lDulei \:nd esseldort Communist was killed; at Hoechst a Nazi was killed and three members of the Reichsbanner wounded. At Bernburg a laborer was killed in a fight with National Socialists. IMPERIAL SPIRIT HERALDED. New Reichstag Will Meet Over Tomb of Frederick the Great. BERLIN, March 3 (#).—A return to the spirit of imperial days was heralded yesterday by the cabinet's decision to hold the first session of the new R!lchl»- tag over the Tomb of Frederick the | °°c% Great in the Potsdam Garrison Church. The Prussian cémission government also decided it no longer was compulsory to fly the Republican colors on public buildings. The symbolism ltllchzd to hol the Reichstag meeting in church at Potsdam recalls the fact that Germany’s first Parliament met after the revolution of 1848 in Paul's Church at Frankfort under the present Re- publican colors. Among the ously being taken by the government, one attracting intemuunu attention most is the decl to hold foreign dents m‘pm:lble for reporting “in_malicious mann The foreign press m touched on by Hermann Goering, m! portfolio. in an lddrus last night lt a Nasl mass meeting in which he re- ferred to .the incendiary fire at the Reichstag Building Monday night. “If the foreign press writes that the Nazis set the Relnhnl. afire or had it set afire to gain evidence for the Marxism and Commu- “then my answer is: I don’t need this fire to Communism; its criminality alone would have vrovlded sufficient ground. “If Chancellor Hitler and I had had our own way you may be sure the person or persons ity would have from lamp posts across from the Reichstag, and then those scribblers (again referring to the for- ress) might have been convinced of the truth of our accusations.” upon & raid Wednesday night on the quarters of Citizens’ Central Union, that “organization issued a statement yesterday that documents seized in the Tal d to do with the campaign against anti-Semitism and always were available to the public. They emphasized that the funda- mental principles of their organization measures continu- nsm.” he said, preclude any attempt to construe its work as anti-government, anti-religious or pro-Communist. Auxiliary police, recruited from the ranks of organizations known to be loyal to the government, are con- tinuing their activities against Com- munist organizations. mnmvm PROMISES SAFETY. rclmul L the president said -he would do everything within his power to bring this about. that I eminence to be assured BY NEGLEY FARSON.. By Cable to The Star. insurance adjuster were helpful to him b in formulating the alleged plots. — e BARRICADE IS ERECTED AROUND GOLD SEEKERS Digging Operations in Downtown Los Angeles Attract Throng of Curious Watchers. \ mi Angeles yester: that Deputy Sheriff Charles %v smvyer, assigned as guard 1 q ision correspon inized. : against " proceed against B hangea. Trom jam eign p) Following , road qu id ha 7 Four eggs in Boeing Adams BRESLAU, March mm ho Hindenburg requesting ey Teceived in reply oa eply “I ask your will the election campaign, the same Chi- | tion,” the of by Assistant ‘household iture | . - dents in Berlin. is correspondent. iths’ imprisonme be frankly admitted that m notr—-m.: i are ! This was & sensational editorial in memmm cited & rumor mc mum own comment. the lemu, hnw'nr it is said that Germany is further than ever pushing itself into po- lmoll isolation. It means that it will be obligatory for Great Britain ice to {errmum: & better and closer :zhmmmy'fl’mml”‘fl closely wi oemuny at such a time. OXFORD UNION GETS = *STENCH BOMBING™ Stand Against King and Country. Reaffirmed After Lively Debate. By the Assoclated Press. OXFORD, England, March 3.—In an atmosphere tainted by stench bombs and tumultuous with the contemptuous snorts of undergraduates, the Oxlord Unjon last night hats affirmed its position of and rejected by 750 to 138 & mntkm to expunge from the records its previous ‘motion: “That this house will in no circum- stances fight for its king and country.” Police attempted vainly o maintain some semblance of order in the packed house as orators agued the motion, which drew fire from the London Press and from members of the House of Commons when it was adopted two weeks ago 275 to 153. Randolph Churchhill, son of Winston Churchhill, was one of the leaders in the fight to was greeted with hissing and loud shouts, and then the hall was filled with the odor of stench bombs. It ‘was ten minutes before he could pro- “If you wish to show any resentment against me you can chuck me in the cherwell afterwards,” he said. ‘There were cries of, “we will.” The threat was not casried out, however, as a bodyguard of members of the Ox- ‘The union is s century-old dehung {club, where voung Englishmen are trained for political careers. JOINS OXFORD BODY. Union of Manchester University Adopts Similar Motion. MANCHESTER, England, March 3 (#).—The Union of Manchester Univer- | sity today followed the lead of the Oxford Union by passing, 371 to 196, a motion “that this house will under no| circumstances fight for its King and country.” ROAD FITS PROGRAM TO NEW LEGISLATION | 8t. Louis-San Francisco to Shape Readjustment to Bankruptcy Measure. By the Assoclated Press. NEW YORK, March 3.—The St. Louis-San Prancisco Rallway manage- ment is preparing to shape its plan of readjustment to the new bankruptcy bill, with executive approval of the measure, it was learned today in rail- Dlrccton of the road sre scheduled to meet next Monday to take such steps as will enable the road to avail fl.lell of the new legislation. Under the terms of the bankruptcy bill & reorganization plan becomes bind- ing on all creditors of a railroad if two- thirds of them agree to it. If only one security is affected the same proposition | applies. R Eggs Shaped Like Gourds. llu.pedun ‘were TO B Medical . gpinion now agrees that a certain type of headache (called. “migraine”) can be traced back for gemerations in some families. But the headaches which you have are probably not the fault of your ancestors but of your own habits of elimination. If food wastes remain in your di- gestive tract for more than 24 hours, fermentation is likely to develop, and poisons invade your blood stream. Nobody's health can be betier than his or her habits of elimina- tion. If your blood becomes per- meated with poisons, you can expect to have headaches—fre- quent headaches and miserable headaches. Even though your headaches mofthemhentedtype you can- secure relief by keeping NSURANCE HEADS (ITALIAN-VATICAN RESTRICT AGTION) PRESS TIES BROKEN Hold Each State Must Cope|Holy City Organ Violently With Own Problems in Bank Situation. By the Associated Press. CHICAGO, March 3.—A two-day meeting of State insurance companies and heads of insurance companies from throughout the Nation ended today with an announcement that each State must cope with its own problems in connection with bank moratoriums and of the Attacked for Editorial Stand on Gefmany. By the Associated Press. ROME, March 3—A truce main- by the Italian and the Vatican since a reconciliation in Novem- ber, 1931, was broken today by a vio- lent _editorial in the Fascist newspaper Il Tevere against the Vatican organ Osservatol political situation. Attacks Election Stand. T Tevere principally reacted to the - | Osservatore’s statement that the Ger- Thompson sald, and those at- tending the meeting arrived at a better understanding of the general situation. Discussions Extensive. “A full discussion of questions affect- ing the insurance field in view of nu- merous bank holidays and moratorfums was participated in by the commis- sioners and insurance mmvmy ex- ecutives who m invited to partici- pate,” Thompson said. At the end of an ail-day conference yesterday Mr. Thompson, Missouri State superintendent of insurance and chair- man of the Executive Committee, issued the following statement: “The Executive Committee of the Na- tional - Convention of Insurance Com- missioners met today to consider the effect of the general financial situation of restrictions on bank deposit with- drawals, which have been made effec- tive in several States.” Thompson refused to comment upon possible lines of action the committee might take. He pointed out, however, that the committee could act only in an advisory capacity, and that recommen- dations for legislative or executive moves were the extent of its legal province. Officials Present. Insurance company officials present at the meeting are Danigl Boone, presi- dent of the Midland Life Insurance Co., Kansas City; Paul Haid, president of the Insurance Executives’ Association, New York City; Edward Allen, president of the National Surety Co.; Charles G. 'I‘lylor vlce president of the Metropoli- Insurance Co., New York; Oeorze ‘Martgold, general attorney for the Prudential Insurance Co. Newark, N. J.; John Liard, vice presldent of the Connecticut General, Hartford; O. J. Arnold, president of the Northwestern National Life Insurance Co., Minne- apolis; J. B. Reynolds, president of the Kansas City Life Insurance Co., Kan- sas City, and Clarence Ables, president of the Franklin Life Insurance Co., of Springfield, Il Several State insurance commission- ers were present, including Ernest Paimer of Illinois and Theodore Tange- man, Ohio State director of trade and commerce. RENOVIZING PLANNED IN 83 CITIES OF U. 8. Commerce Department Also Re- ports Campaigns in Six Foreign Nations. As & result of a world-wide survey, the Commerce Department said today home renovizing campaigns were now being carried on in six foreign coun- tries and in 83 American cities, in- cluding Washington, to stimulate em- ployment and business. The department’s foreign construc- tion division reported that Germany, Great Britain, Sweden, South Africa, Brazil, Canada, Mexico and Australia were waging campaigns. The German }ovemmun has set aside $23,000,000 or its campaign. Largely through the efforts of a committee of the Conference on Home Building and Home Ownership, ap- pointed at s meeting here in mx and in co-operation with such groups as local chambers of commerce, American Legion posts and similar organizations, the department said remodeling, reno- vating and modernizing campaigns have been carried out successfully in 83 American cities. During 1932 it is estimated approxi- mately $70,000,000 was expended for labor and materials as a result of these activities. m campaigns in 1933, ac- to ent, have re- y_property owners and repairs to be completed within six ‘months. IS YOUR GRAND-DAD LAME FOR YOUR HEADACHES? your blood stream healthy with Sal Hepatica. Sal Hepatica flushes wastes from the intestinal tract—nat- urally, thoroughly. It prevents the invasion of poisons into the blood. It counteracts acidity. This is why Sal Hepatica is ex- cellent not only for headaches, but for colds, grippe, indiges- tion, and skin troubles. It tones you up, keeps you in condition. Try Sal Hepatica tomorrow! o SAL HEPATICA - ! : | man elections Sunday lost most of their importance because Walther Funk, chief of the German government’s In- formation Bureau, asserted Germany has changed from a government to & “regime” and would not return to the democratic parliamentary system. 11 Tevere, in a column-and-a-half front-page bold-face editorial, sccussed the Osservatore of trying to influence the Germen Catholic Center party. “Osservatore contradicts its doctrine (non-political) by its political com- ment, openly disseminating equivoca- tion in the conscience of its readers,” the paper said. It asserted the Vatican paper showed “unnatural solicitude” for German Communists while de- nouncing the Soviet regime in Russia. Danger Is Seen. Citing the Vatican newspaper for throwing doubt cn the alleged com- munistic origin of the Reichstag fire, as charged by the German government, Il Tevere said “Osservatore shows strange tenderness for Social Demo- crats, excessive hospitality for equivocal news, decided partiality in distribution of its sympathies.” It said this atti- tude might produce a “mcst dangerous re Romano over the German | fall for Catholic immunity.” Few Pupils in Palestine. JERUSALEM (#)—Official show 211,280 children of school age in Palestine but only 85,000 in classes, the pupils including 35,000 Jews, 33,000 Moslems and 17,000 Christians. 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