Evening Star Newspaper, March 11, 1933, Page 4

RF.C.ADISSEEN - IN OPENING BANKS Problem Presented in Deter- mining Whether Institutions Are Unsound. BY DAVID LAWRENCE. Co-ordination of the Federal and| State banking systems has been made possible through the power and funds of the Reconstruction Finance Cor- poration Reopening of banks awaits an ex- | amination of assets on the part cf Federal and State authorities, but the Jatter may find some banks with capi- tal impaired, in which case the help of the Federal Government will be sought. i As a prectical matter it would be im- possible without grave injustice to al- low a certain number of banks to open | and keep all others clcsed on the as- sumption that there is doubt about.| their solvency when actually further examination might reveal that manyq of these banks were entitled to open. So the plan which may be put into effect would call for the opening of those banks on which examinaticns have been completed and a postpone- ment of the complete resumption of others with an announcement that as| soon as the examination has been com- | pleted full operations will be au-| therized. Reorganization- Likely. It is not believed that the Govern- ment will say in so many words that a particular bank is in<olvent or unsound. | The stamp of approval of course will in a sense be placed on those permitted | to Teopen. but a rectganization of & bank may be possib.e in a few days| either by merger or by new preferr stock issues with the aid of the R& | construction Finance Corporation. So a doubtful bank may become a sound bank ahmost overnight. | ‘I'ne responsibility for refusing to re-| open State banks will rest on the State | banking commissioners in each State rather than the Federal Government. The controller of the currency and the Federal Reserve System examiners know the conditions of the member banks and it will be relatively easy to announce those that can be immedi- ately opened and those that can be opened within a short time thereafter. But as for State banks the initiative will have to be taken by the State banking authorities because varying | shall Text of Senator Robinson’s Economy Bill Measure Introduced by Democratic Leader Limits Pension of Veterans, Depend- ents and Relatives Under New Schedule of Rates and Qualifications—Cost of Living Index Would Be Basis of Government Pay Reductions. HE text of the economy bill in- troduced yesterday by Senator Robinson, D’.Z"“"" of Ar- kansas, follow Be it enncted by the Senate and House of Representatives of the United States of America in Congress assembled. TITLE L Veterans. Section 1. That subject to such re- quirements and limitations as shall be contained in regulations to be issued | by the President, and within the limits of appropriations made by Congress, the following classes of persons may be pald & pension: (a) Any person who served in the active military or naval service and who is disabled as 2 result of disease or injury or aggravation of a pre- existing disease or injury incurred in line of duty in such service. (b) Any person who served in the active military or naval service during any war subsequent to the Civil War, including the Boxer Rebellion and the Philippine Insurrection, and who 1is permanently disabled as a result of wound or disease. (c) The widow, child or children, dependent mother or father, of any person who dies as a result of disease or injury incurred or aggravated line of duty in the active military or naval service. (d) The widow and or child of any deceased person who served during any war subsequent to the Civil War, in- cluding the Boxes Rebellion and the Philippine Insurrection, and prior to the World War. (e) For the purpose of subparagraph (b) of this section, the World War shall be deemed to have ended No- vember 11, 1918. Monthly Rate of Pension. Section 2. The minimum and maxi- mum monthly rate of pension which may be paid for disability or death be as follows: For disability, from $6 to $275; for death, from $12 to $75. Section 3. For each class of per- sons specified in subparagraphs (a) and (b) of section 1 of this title the President is hereby authorized to pre- scribe by regulation the minimum de- grees of disability and such higher de- grees of disability, if any, as in his judgment should be recognized and prescribe the rate of pension payable for each such degree of disability. In |and all penalties or forfeiture incurred under the acts repealed by section 17 of this title may be prosecated and | punished in the same manner and with the same effect a. if sald repeal had not been made and any person who'for- feited rights to benefits under any such acts shall not be entitled to any bene- fits under this title. Section 12. That whoever in any claim for benefits under this title or by regulations issued pursuant to this | title, makes any sworn statements of a material fact knowing it to be false, shall be guilty of perjury and shall be punished by a fine of not more than $5,000 or by imprisonment for not more than two years, or both. Penalty for Fraud. Section 13. That if any person en- titled to payment of pension under this title, whose right to such payment under this title or under any regula- tion issued under this title, ceases upon the happening of any contingency, | thereafter fraudulently accepts any such payment, he shall be punished by a fine of not more than $2,000 or by | imprisonment for not more than one | | year, or both. | | Section 1 That whoever shall ob- | tain or receive any money, check, or| ension under this title, or regulations ssued under this title, without being entitled to the same, and with' intent | to defraud the United States or any beneficiary of the United States, shall | | be punished by a fine of not more than | |$2,000,%r by imprisonment for not more than one year, or both. | Section 15. Any person who shall | | knowingly make or cause to be made, | or conspire, combine, aid, or assist in, | agree to, arrange for, or in any wise | procure the making or presentation of | a false or fraudulent affidavit, declara- tion, certificate, statement, voucher, or | paper, or writing purporting to be such, concerning any claim for benefits u der this title, shall forfeit all rights, claims and benefits under this title, | and, in addition to any and all other penalties imposed by law, shall be guilty of a misdemeanor and upon conviction thereof shall be punished by a fine of | not more than $1,000 or imprisonment | for not more than one year, or bo(h.l Section 16. Every guardian, curator, | conservator, committee, or person legal- | ly vested with the responsibility or care ‘uf a claimant or his estate, having | charge and custody in a fiduciary ca- | pacity of money paid. under the pro- State laws have a particular relation-| fxing rates of pensions for disability | visions of this title. for the benefit of | ship to what are sound or unsound instituticns in each State R. F. C. May Step In. ‘When a State bank, however, cannot be reopened because the authorities of that State feel the capital stock has| been impaired then, without stating the reason for the postponement, it is believed efforts will be made to get the Reconstruction Finance Corporaticn to step into the picture and arrange for the purchase of or subscription to the preferred stock either through the community or existing stockholders or thrcugh the R. F. C. itself. The important point is that reopen- ing of banks will have to be gradual in the cases of institutions whose assets must be subject to further examination but immediate—that is next Monday or Tuesaay—with respect to banks that are wholly sound. This may hurt some of the banks that are kept whelly closed, as public suspicion Of them may arise. but this may be offset by an arrangem>ont to limit withdrawals in those casts where examination of asscts 1s not complete. TCopyright. 1933 TEXAS ASKS FOR DELAY IN MONEY JUDGMENTS Gov. Ferguson Issues Proclamation Calling on Courts to Protect Debtors. By the Associated Press. AUSTIN, Tex., March 11.—Gov, Miria:n A. Ferguson yesterday issued & proclamation asking all trial courts to desist from’ entering money judgments in any litigation until March’ 25. ‘The proclamation was handed out by the Governor's husband, James E. Ferguson. He said the moratorium was not “mandatory” as was the case when | the Chief Executive a week ago yester- day ordered all banks and financial institutions to close. “We are trying to give debtors as much protection as was afforded the banks in the financial moratorium,” he said. ST. ALBAN’S SCHOOL PUBLICATION HONORED News Named Medalist in Private School Newspapers Competition of National Scope. Special Dispatch (o The Star. NEW YORK, March 11.—The St. g;bsn's News, published bg;..llut‘.lta of | 3 i Alban’s School, Washington, was named a medalist in the competition for private schcol newspapers in the Nation-wide contest among school pub- ljcations sponsored by the Columbia Scholastic Press Association, it was an- nounced here when the organization aonvemd for its ninth annual conven- lon. Tech Life, entered in the news- per division, edited by senior high hools with an enrollment of over 1,500 students, won a first prize for the Mc- Kinley High School of Washington, while a second prize in the same class went to Eastern High School's East- | erner. Until this evening young journalists | will be kept busy attending various lec- tures and embarking on sightseeing trips | about the city, including visits to local ts. TREND UPWARD HERE Washington Among 158 Cities in Business Analysis List. Bpecial Dispatch to The Star. NEW YORK. March 11.—Washington is ore of the 158 cities in the United States now experiencing an upward trend as against 145 a month ago. ac- cording to an analysis of sectional busi- ness conditions just issued here by the Bureau of Business Conditions of the Alexander Hamilton Institute. On the basis of 100 for a year ago ‘Washington is given 84.7 as its present trade volume index. For the United States as a whole the current trade yolume index is 75.2, as compared with %24 a month ago and 71.0 the month previous to that. MILLS NAMED DIRECTOR Former Becretary Owns Large In- terest in National Biscuit Co. NEW YORK, March 11 (#)—Ogden Mills, former Secretary of the Treasury, has been elected a director of the Na- tional Biscuit Co. it was announced esterday. Mills is a large stockholder the corporation. Fears Penalty; Burns Cash. WALLA WALLA, Wash, March 11 () —There's a story, apparently au- thentic, going the rounds of officials here yesterday that a “Mrs. Smith," fegring she would be punis) for g, tosced her savings seve al !.:A;l:d:zd dollars in the kitchén stove or death the President shall prescribe by regulation such differentiation as he | rates to be paid to veterans of different | | wars and/or their dependents and to | be paid for— | (a) Disabilities and deaths result-| |ing from disease or injury incurred or aggravated in line of duty in war-| time service; | (b) Disabjlities and deaths result- |ing from disease or Injury incurred or | aggravated in line of duty in peace- | time_service; | () Disabilities and deaths not in- | curred in service. |~ Section 4. The President shall pre-| | seribe by regulation (subject to the | provisions of section 1 (e) of this title) the date of the beginning and | of the termination of the period in | each war subsequent to th> Civil War, including the Boxer Rebellion and the Philippine Insurrection, service within | which shall for the purpose of this | act be deemed war-time service. The President shall further prescribe by regulation the required number of days | of war or peace time service for each class of veterans, the time limit on filing of claims for each class of vet- erans and their dependents, the nature and extent of proofs and presumptions for such different classes and any other requirements as to entitlement as he | shall deem equitable and just. The | President in establishing conditions | precedent may prescribe different Te- quirements or conditions for the vet- erans of different wars and their de- pendents and may further subdivide the classes of persons as outlined in section 1 of this title and apply dif- | ferent requirements or conditions to | such subdivisions. | Diclsions to Be Final. | Section 5. All decisicns rendered by | the Administrator of Veterans' Affai | under the provisions of this title. or the regulations issued pursuant thereto, shall be final and conclusive on all questions of law and fact, and no other official or court of the United States shall have jurisdiction to review by | mandamus or otherwise any such de- | cision, | Section 6. In addition to the pen- sions provided in this title, the Admi istrator of Veterans' Affairs is herel authorized under such limitations as may be prescribed by the President, and within the Mmits_of existing Veterans’ Administration facilities, to furnish to | veterans of any war, including the Boxer Rebellion and theé Philippine In- surrection, domiciliary care where they are suffering with permanent disabilities and medical and hospital treatment for diseases or injuries incurred or aggra- vated in line of duty in the active mili tary or naval service. Section 7. The Administrator of | Veterans' Affairs subject to the general direction of the President and in ac-| cordance with regulations to be issued by the President shall administer, exe- cute, and enforce the provisions of this title and for such purpose shall have the same authority and powers as are provided in Sections 425. 430, 431, 432, 433, 434, 440, 442, 443, 444, 447, 450, 451, 453, 455, 457, 458, 459, 459a, 459c. 459d, 459, 4591, Title 38, U. S. C.. and such other Sections of Title 38, U. S. C., as relate to the administration of the laws granting pensions. Section 8. The Administrator of Veterans' Affairs is hereby authorized in carrying out the provisions of Title 1 of this Act or any other pension act | to delegate authority to render decisions to such person or persons as he may find necessary. Within the limitations of such delegations, any decisions ren- dered by such person or persons shall have the same force and effect as though rendered by the Administrator of Veterans' - Affairs. The President shall personally approve all regulations issued under the provisions of this title. Filing of Claims. . Section 9. Claims for benefits under this title shall be filed with the Vet- erans’ Administration under such regu- lations, including provisions for hear- ing, determination and administrative review, as the President may approve, and payments shall not be made for any period prior to da‘e of application. |When a claim shall be finally disal- |lowed under this title and the regula- itions issucd thereunder, it may not | thereafter be reopencd or allowed. | “Section 10. Notwithstanding the | provisions of section 2 of this title, any | person - who served as an officer of the | Army, Navy, or Marine Corps of the | United States during the World War, | other than as an officer of the Regular Army, Navy, or Marine Corps, who made valid application for retirement under the provisions of Public No. 508, Seventieth Congress, enacted May 24, 1928, sections 581 and 582, Title 38, United States Code, and who prior to the passage of this act has been granted retirement with pay, shall be entitled to continue to receive retire- ment pay at the monthly rate now be- ing paid him if the disability for which he has been retired resulted from dis- ease or injury or aggravation of a pre- existing disease or injury incurred in line of duty between April 6, 1917, and November 11, 1918: Provided, That the disease or injury or aggravation of the disease or injury dlm:!lh resulted from the performance of military or naval duty, and that such person otherwise meets the requirements of the regula- tions which may be issued under the provisions of this Act. Section 11. All offenses committed may deem just and equitable, in the | tion of his trust, or convert the same | section 3 of this title. any minor or incompetent claimant, | who shall embezzle the same in viola- to his own use, shall be punished a fine not exceeding $2,000 or imprison- ment at hard labor for a term not ex- ceeding five years, or both. | Section 17. All public laws grant- ing medical or hospital " treatment, domiciliary care, compensation, pension disability allowance, or retirement pay to veterans of the Spanish-American War, including the Boxer Rebellion and the Philippine Insurrection, the World War, or to former members of the mili- tary or naval service for injury or disease incurred or aggravated in the line of duty in the military or naval rvice except so far as they relate to persons who served prior to the Span- ish-American War, and the retirement of officers and enlisted men of the regular Army, Navy or Marine Corps, are hereby repealed. and all laws grant- ing or pertalning to yearly renewable term insurance are hereby repealed, but payments in accordance with such laws shall continue to the first day of the third calendar month following the month during which this act is en- acted. Tue administrator of erans’ affairs under the general gdigecHon of the President shall immediately cause to be reviewed all allowed claims un- der the above referred to laws and where a person is found entitled un- der this act, authorize payment or al- lowance of benefits in accordance with | the provisions of this act commenc- | ing with the first day of the fourth | calendar month following the month | during which this act is enacted and notwithstanding the provisions of Sec- | tion 9 of this act, no further tlalm‘ | in such cases shall be required: Pro-‘ vided, that nothing contained in this | ection shall interfere with payments | heretofore made or hereafter to be | made under contracts of yearly re- newable term insurance which have matured prior to the date of enact- ment of this act and under which pay- ments have been commienced. Section 18. For the fiscal year end- ing June 30, 1934, pension, and or any | other monetary gratuity payable to former members of the military or| naval service in wars prior to the| Spanish-American War for service, age, disease, or injury, except retired pay of officers and enlisted men of the Regular | Army, Navy, or Marine Corps, shall be reduced by 10 per centum of the amount payable. TITLE IL Officers and Employes. Section 1. When used in this title—1| (a) The terms ‘officer” and ‘em-| ploye” mean any person rendering services in or under any branch or service of the United States oovem-‘ ment or the government of the Dis-| trict of Columbia, but do not include (1) officers whose compensation may | not, under the Constitution, be dim- inished during their continuance in of- fice; (2) the Vice President, Senators, Representatives in Congress, delegates and resident commissioners; (3) of- ficers and employes on the Tolls of the Senate and House of Representatives; (4) any person in respect of any of- fice, position, or employment _the amount of compensation of which is| expressly fixed by international agree- ment; and (5) any person in respect of | any office, position, or employment the compensation of which is paid under the terms of any contract in effect on he date of the enactment of this Title, if such compensation may not lawfully be reduced. (b) The term “compensation” means any salary, pay, wage, allowance (ex- cept allowances for travel), or other emolument paid for services rendered in any civilian or noncivillan office, position, or employment; and includes the retired pay of judges (except judges whose compensation, prior to retirement or resignation, could not, under the Constitution, * have been diminished), and the retired pay of all commissioned and other personnel of the Coast and Geodetic Survey, the Lighthouse Serv- ice, and the Public Health Service, and the retired pay of all commissioned and other personnel of the Army, Navy, Marine Corps, and Coast Guard; but does not include payments out of any retirement, disability, or relief fund made tp wholly or in’ part of contribu- tions of employes. Section 2. For that portion of the fiscal year 1933 heginning with the first day of the calendar month following the month during which this act is enacted, and for fiscal year ending June 30, 1934, the compensation of every officer or employe shall be deter- mined as follows:— (a) The compensation which such officer or employe would receive under the provisions of any existing law, schedule, regulation, Executive order, or departmental order shall first be de- termined as though this title (except section 4) had not been enacted. (b) The compensation as determined under subparagraph (a) of this sec- tion shall be reduced by the percentage, if any, determined in accordance. wi Investigation Authorized. Section 3. (a). The President is authorized to investigate the fatts re- lating to the cost of living in the United States during the six monthg’ period ending June 30, 1928, to be known as the base perfed, and upon the basis of such facts and the applica- tion thereto of such principles as he may find proper, determine an index | to the fiscal year ending June 30, 1934, | of more than 90 days during the fiscal | | further, That no part of any appropria- | director of the bureau of the budget | Canal & Railroad Co. on the Isthmus | June 30, 1934.” | 11 of the legislative appropriation act, figure .of the cost of living during such period. The President is further au- thorized to make a similar investigation and determination of an index figure of the cost of living during the six ?;t;x;tha' genodhem:,l{nz December 31, , and each six months’ thereafter. S (b) The President shall announce by Executive order the index figure for the base period. and for each subsequent period determined by him under para- graph (a) of this section. The per- centage, if any, by which the cost of living index for any six months’ period, as provided in paragraph (a) of this section, is lower than such index for the base period, shall be the percentage | of reduction applicable under section 3 (b) of this.title in determining com- pensation to be paid during the follwe:- ing six months’ period, or such portion thereof during which this title s in| effect: Provded, That such percentage | of reduction shall not exceed 15 per centum. Section 4. (a) Section 4 of an act making appropriations for the 'n-enury’ and Post Office Departments for the fiscal year ending June 30, 1934, and for other purposes, approved March 3, 1933, is hereby amended to read as follows: “Sectlon 4. (a) The provisions of the | following sectiops of part 2 of the legis- | lative appropriation act, fiscal year | 1933, are hereby continued in full force and effect during the fiscal year ending June 30, 1934, namely sections 105 (ex- cept subsections (d) and (e) thereof), 107 (except paragraph (5) of subsec- tion (a) thereof and subsection (b) thereof), 201, 203, 206 (except subsec- | tion (a) thereof), 211, 214, 216, 304, 315, 317, 318 and 323, and for the pur- pose of continuing such sections, in the application of such sections with respect the figures ‘1933’ shall be read as ‘1934'; the figures ‘1934’ as ‘1935"; and the fig- ures ‘1935’ as ‘1936’; and, in the case of section 203, the figures ‘1932’ shall be read as ‘1933'; except that in the ication of such sections with re- spect to the fiscal year ending June 30, 1934 (but not with respect to the fiscal year ending June 30, 1933), the following amendments shall apply: Limit on Furloughs. “(1) Section 216 is amended by strik- | ing oul the period at the end thereof | and inserting in lieu thereof a colon and the following: ‘Provided further, | That no employe under the classified civil service shall be furloughed under | the provisions of this section for a total year 1934, except after full and complete | compliance with all the provisions of | the civil service laws and regulations | relating to reductions in personnel.’ | “(2) Section 317 is amended by, striking out the period at the end thereot and inserting in lieu thereof a ! colon and the following: ‘Provided | tion for “public works.” nor any part | of any allotment or portion available for “public works” under any appro- priation shall be transferred pursuant to the authority of this section to any ! appropriation for any expenditure for | personnel unless such peisonnel is re- | quired upon or in connection with “pub- lic works.” “Public works” as used in this section shall comprise all projects falling in the general classes enumer- ated in Budget Statement No. 9, pages AL77 to A182, inclusive, of the iidget for the fiscal year 1934, and shall a) include the procurement of new ir- planes and the construction of vessels under appropriations for “increase of the Navy.” The interpretation by the or by the President in the cases of the ‘War Department and the Navy Depart- ment of “public works” as defined and designated herein shall be conclusive.’| “(b) All acts or parts of acts incon- sistent or in conflict with the provisions of such sections as amended are hereby susgended during the period in which such sections, as amended, are in effect “(c) No court of the United States shall have jurisdiction of any suit against the United States or (unless brought by the United States) against any officer, agency or instrumentality of the United States arising out of the application as provided in this section of such sections 105, 107, 109 or 112, as amended, unless such suit involves | the Constitution of the United States. | “(d) The appropriations or portions | of appropriations unexpended by reason of the operation of the amendments made in subsection (a) of this section shall not be used for any purpose, but shall be impounded and returned to the Treasury. | Appropriation Reduced. “(e) Each permanent specific annual | appropriation available during the fiscal | year ending June 30, 1934, is hereby | reduced for that fiscal year by such esti- | mated amount as the director of the bureau of the budget may determine | [ will be equivalent to the savings that | will be effected in such appropriation by reason of the application of this sec- tion and section 7.” (b) Section 5 of the Treasury and Post Office appropriation act; fiscal year 1934, is hereby repealed. (c) Section 6 of the said Treasury and Post Office appropriation act, fiscal year 1934, is amended to read as fol- lows: o “Secticn 6. Sections 215 of the leg- islative appropriation act. fiscal year | 1933, shall be held applicable to the officers and employes of the Panama of Panama and to'officers and employes | of the United States (including en- listed personnel) holding official sta- ticn outside the continental United | States, only to the extent of depriving | each of them of one month's leave of | absence with pay during each of the | fiscal vears ending June 30, 1933, and | (d) The following sections of Part | fiscal year 1933, are hereby repealed e fective cn the first day of the calendar month following the month in which this act is enacted: namely, sections | 101, 102, 103 104,°105 (except subsec- | tions (a), (b) and Jfc) thereof), 106, | 107 (except paragraphs (1), (2), (3) | and (4) of subsections (a) thereof), | and 108. ! (e) Subsection (a) of section 105 of the legislative appropriation act, fiscal year 1933, is amended to yead as fol- lows, beginning with the first day of the calendar month following the month during which this act is en-| acted: “(a) The salaries of the Vice Presi- dent and the Speaker of the House of Representatives are reduced by 15 per centum; and the salaries of Senators, Representatives in Congress, delegates | and resident commissioners are reduced | by 15 per centum.™ Basis of Deductions, Section 5. Retirement_deductons au- | thorized by law to be made from the | salary, pay or compensation of officers or employes and transferred or de- posited to the credit ef a retirement fund, shall be based on the regular rate of salary, pay or compensation in- stead of on the rate as temporarily re- al:]ced under the provisions of this e. Section 6. In the case of & corpcra- tion the majority of the stock of which is owned by the United States, to hold- ers of the stock on bshalf of the United States, or such perscns as represent the interest of the United States in such corporation, shall take such action as may be necessary to apply the provi- sions of this title to offices, positions end employments under such corpcra- tion and to officers and employes there- of, with proper allowance for any re- duction in compensation since Decem- ber 31, 1931, Section 7. In any case in which the application of the provisions of this title to any | prior to the bank holiday and thoss would. resulg 4 a | shi person diminution of compensation prol by the Constitution, the the Treasury is aul bited of T0 GET BANK DATA Vote to Have Withdrawal In- formation Considered in Executive Session. By the Associated Press. ANNAPOLIS, Md., March 11.—The House of Delegates yesterday voted that when the bank commissioner transmits the names of persons who made large | withdrawals from Baltimore banks just who have made any withdrawals since the holiday began, the data be con- sidered in executive session. This action came after the sponsors of the resolutién asking the information found this morning that their request had not been sent to any one, becausc it contained no provision directing to whom it should be sent. As the House convened Delegate Thomas d'Alesandro of Baltimore, au- thor of the resolution, entered an order directing that the chief clerk of the House send the request to the Governor and State bank commissioner, which was approved. Delegate Holmes Alexander of Balti- more County then offered an order pro- viding that when the information is received it be kept under seal and turned over to the Committee on Grand Inquest. D'Alesandro objected strenuously, and Delegate Oliver Metzerott of Prince Georges County suggested that when the information is received the Speaker keep it under seal and present it to the House in executive session. The House could then decide what it wanted to do with the information—whether or not it would make it public. D'Alesandro asserted that the resolu- tion called for the data being given to the members of the House, and that if | only one copy is sent, as suggested, to the Speaker, “it might get lost.” Delegate James J. Lindsay of Balti- more County said he did not think the integrity of the Speaker should be questioned in a matter as important as this and that he felt sure the procedurc suggested by Meteerott would be the best to follow. | An order carrying out Metzerott's suggestion was adopted after some | further debate. HOARDERS OF GOLD, | WOULD BE PENALIZED Allegany County Senator Intro-| | duces Bill Making Practice Penitentiary Offense. By the Associated Press. ANNAPOLIS, Md, March 11.—An attempt to bring money out of hoarding | in the State of Maryland was made | yesterday by Senator Glenn Beall of | Allegany County. | The Allegany Senator introduced a | measure making the hoarding of money a penitentiary offense. It would im- | pose upon any one found guilty of hoarding a penalty of three months’ | imprisonment in the penitentiary or & fine of $1.000. | The bill describes hoarding as anv | currency of gold withdrawn within the | last 30 days and held in safe deposit | boxes. | The measure would call upon all| owners or renters of safe deposit boxes to fill out an afidavit showing the amount of gold or currency they have | in their boxes, if any. BRITISH SAILORS PAID, BUT CAN'T SPEND POUNDS Trading in New Orleans Stores Car- ried on Through Guesswork ‘ as to Exchange Value. ‘ | By the Associated Press. NEW ORLEANS. March 11.—Several | hundred British officers and sailors at- tached to H. M. S. Norfolk. now in port | here, had a pay day yesterday, but it was a hollow one. | Shore leave brought no spending spree because local banks regretfully explained | their inability to return dollars for | pounds because of the ban on foreign | exchange transactions and the seamen said only a very few shops liked to deal in foreign currency. Such transactions as were effected in stores were on a guesswork basis in the absence of any official comparative quotations. | PUERTO RICAN BANK BILL | VETOED BY GOVERNOR Island Executive Rejects Emer-| gency Measure, Giving Legisla- | Review Powers. i ture By the Associated Press. | SAN JUAN, Puerto Rico, March 11.— Gov. Beverley yesterday vetoed a legis- lative bill conferring emergency powers | on the Governor to deal with the bank crists, but so worded that his acts were subject to approval of the Legislative Economy Commission. The veto me: sage sald the Legislature was attempt- ing to assume executive powers. The Governor also vetoed a bill which would have increased the appro- priation for the insular Senate through the use of emergency funds. The Gov- ernor asserted the cost of the Senate had doubled in five years, and that the | emergency funds should be conserved for use in case of possible disaster such as hurricane or flood. from such person, and cover into the; Treasury as miscellaneous receipts, re-| mittance of such part of the compensa-~ tion of such person as would not be paid to him if such diminution of compensation were not prohibited. Section 8. The appropriations or portions of appropriations unexpended by reason of the operaton of this title shall not be used for any purpose, but shall be impounded and returned to the Treasury. Section 9. No court of the United States shall have jurisdiction of any suit against the United States or (un- less brought by the United States) against any officer, agency. or instru- mentality of the United States arising out of the application of any provision of this title, unless such suit involves the Constitution of the United States. TITLE 1L Amendments to Legislative Appropria- tion Act, Fiscal Year, 1933. Section 1. Sections 407 and 409 of title 4 of part 2 of the legislative ap- propriation act, fiscal year 1933, a5/ amended by section 17 of the treasury and post office appropriaticn act, ap~ proved March 3, 1933, are amended to read as follows: “Section 407. Whenever the President makes an executive order under the provisions of this title, such executive order shall be submitted to the Con- gress while in session and shall not become effective until after the expira- tion of 60 calendar days after such transmission, unless Congress shall law provide for an earlier effective date of such executive order or orders. “Section 409. No executive order is- sued by the President in gunuuwe of the provisions of section 403 of this title all become effastive unless trans- mitted to the Congress within two of the enactment WooDWARD & LOoTHROP 10™|I™F aND G STREETS PHone District 5300 Woodward & Lothrop Decorates Three Rooms of Unusual Distinction—in the (ClusicTodematf —adapting classic art to the need of today’s decoration, and providing a smart and sophis- ticated interior at' a moderate expenditure —exclusively by STATTON In presenting the CLASSIC-MODERN style, by Statton —we are presenting an answer to the question of to- day—"“How shall we furnish in good taste to express this modern art?” The desire of modern expression is for simplicity and beauty—straight lines and easily flowing curves—and to the Greeks belongs, for all time, the credit for the origination of this beauty—the Romans adapted Greek Motifs to their day and age—and after the gorgeous- ness of Elizabethan England—the rococo of Chippen- dale—the simple classic motif again began to lift its head—a neo-classic revival was again in full swing. And today—the CLASSIC-MODERN style returns in a classic revival—furniture for Youth to live with—mod- ern, sophisticated, correct, in perfect taste. Of Special Note The use of painted white shutters for screens White fabricoid for dining-chair-upholstery Three tones of woods in the same room Suede cloth upholstery in jewel colors White Sudanette for draperies We cordially invite you to visit these CLASSIC-MODERN rooms and see for yourself their charm and livableness—and may we add, that though every piece is an exclusive Statton creation, prices are most moderate. Meet the Creators of This Furniture We invite you to meet Mr. and Mrs. Statton, makers of this CLASSIC-MODERN furniture—and to consult with them, that you may realize more fully the delightful possibilities of CLASSIC-MODERN furniture for your own home. They will be here Monday, Tuesday and Wednesday—in our Classic-Modern rooms (Sixth Floor).