Evening Star Newspaper, August 16, 1933, Page 1

‘WEATHER. (U. 8. Weather Bureau Porecast.) Cloudy with showers tonight; tomor- row partly cloudy, slowly rising tem< perature; gentle to moderate east winds, becoming variable. Temperatures—High- est, 84, at 2:30 p.m. yesterday; lowest, 67,at 2:00 a.m. today. Full report on B-2. Closing N. Y. Markets, Pages11,12&13 _— ah WITH SUNDAY MORNING EDITION nte vost_office, No. 32,614. as second class matter, Waslhington, D. C. 3 WASHINGTON, D. C., WEDNESDAY, AUGUST 16, 1933—THIRTY-TWO PAGES. ROOSEVELT TAKES REINS IN' ATTEMPT 10 FORCE PEACE IN STEEL CODE BATTLE Taylor and Schwab Called to White House — President Ready to Speak Strongly on Pay-Hour Deadlock. OIL, COAL AND MOTOR CODES MOVE FORWARD Auto Leaders Welcome Green toi Session—Johnson Promises Rul- ing Tomorrow on Petroleum Agreement—Administration De- mands Action by “Big Four.” By the Associated Press. President Roosevelt took over the helm today in an effort to smooth the dispute over a working code for the steel industry, while in other quarters of his administra- tion the pressure was tightened to draw the oil, coal and automobile industries in line with the Blue Eagle. Myron Taylor, chairman of the: board of the United States Steel | Corporation, and Charles M. Schwab, chairman of the Bethle- hem Steel Corporation, joined a White .House conference between the Chief Executive and his aides | as they strove to bring the sleeli group under the shorter-hour,, higher-wage agreement. | Although there was no imme- diate official statement there were indications that Mr. Roosevelt was i prepared to speak strongly to set- | tle the difficulties that have de- layed the steel code of fair competition. Officials at N. R. A. headquarters busily conferred, meanwhile, with spokesmen for the other three groups. Green at Auto Session. William Green, president of ‘the American Federation of Labor, who angrily protested yesterday that steel megrates had walked out on a meet- ing because he was present, ‘was will- ingly reccived today at the conference of leaders in the automobile industry. As in the case of steel, Green was designated by the Labor Advisory Board to represent it at discussions of the auicmobile code, on which hear- ings begin Friday. Some of the steel men, meanwhile, were conferring in committees and did rot return immediately to the Labor Department, where yesterday's rift with Green occurred. Secrctary Perkins, whose invitation brought the labor president to the steel gathering, remained silent to Green's assertion that steel's attitude was a challenge to the Government. K. M. Simpson, deputy administrator in charge of steel, turned his attention for the moment to oil conversations. In another section of N. R. A. head- quarters coal men were gathering for talks with officials. | I | cuting attorney at Wooster, Ohio, for| Woodin-Norman Meeting in Maine | Hints Money Parley McAdoo Also Present; International Problems Believed Discussed. By the Associated Press. BAR HARBOR, Me., August 16— Simultaneous visits of three leading figures in world fiscal affairs gave rise to speculation today of whether a con- ference on international monetary problems may have taken place here. The three were Montagu Norman, governor of the Bank of England; Secretary of the Treasury William H. Woodin and Senator Willam G. McAdoo, former Secretary of the Treas- ury in the Wilson administration. Norman arrived here several days ago with Mrs. Norman to be the guest of Mrs. John Markoe, with whom he had visited frequently in the past. Often mysterious and reticent about his af- fairs, the British financial mogul de- clined until today to permit his presence here to be generally known. McAdoo dropped in while he was in Maine on a yachting trip with Robert G. Elbert of Washington, member of the Industrial Recovery Board. He left yesterday. ADMITS POISONING Akron Attorney Says He Feared Implication in Theft of Papers. By the Associated Press. HOT SPRINGS, Ark., August 16.— Fear of implication in the theft of pa- pers to be used as evidence against his client in an Ohio forgery case motivated the quadruple poison slaying of four members of a family near Malvern, Ark., yesterday, Mark H. Shank, 41-| vear-old Akron attorney. said in an ex- panded confession to police here today. Shank said he purchased the poison at a drus store in Kenmore, an Akron suburb, ¥:fore he left there last Friday to come to Hot Springs. In his confession he described in de- tail how he placed the violent poison in grape juice he poured into paper cups for each of the five members of | the family of Alvin Colley, four of | whom died shortly afterward. Denies Theft Implication. He denied implication in the theft of papers from the office of the prose- | which authorities there had a warrant| FOUR IN FAMILY IKIDNAP BAND HUNT BY CHICAGO POLICE GOES T0 WISCONSIN 50 Officers Rushed to Resort Region to Renew Quest for Escaped Pair. NEW EVIDENCE LINKS TWO ABDUCTION GANGS Bailey and Touhy Connection Indi- cated as Elaborate Trap Proves Futile. By the Associated Press. CHICAGO, August 16.—A mobilized kidnap drive that began with the greatest man hunt in Chicago's history extended teday to the Southern Wis- consin hideaways of the Touhy gang and its subsidiary kidnaping syndicate. Twoscore sharpshooters of the Chi- cago Police Department were rushed into the territory with orders to corral gangsters and kidnapers against whom detectives have been gathering evi- dence for weeks. In Chicago a death threat to John Factor, millionaire speculator, was the kidnapers’ answer to the attempt of 300 city, State and Federal officers to capture two desperadoes who were met by police with a bogus ransom package in a Western suburb yesterday. . The suspects escaped after a gun battle. Factor Denies Aid. Protected by a heavy guard at his hotel, Factor insisted he had no part in the police trap, but that police had tapped his telephone wires, and thus learned of the ransom delivery plan. Factor was kidnaped severa! weeks | ago and the money arranged to be de- livered yesterday was part of the ran- som agreed upon. The bogus package contained $500 in marked money. “Factor could tell us the identity of the kidnapers, but he won't.” said Chief of Detectives William Shoemaker. “I don’t blame him much. He probably would be killed in an hour if the kid- napers believed there was any danger | of his doing so0.” i Although police were secretive as to the exact destination of the Wisconsin | hunt, it was indicated they believed the two men who escaped from the Factor | ransom delivery trap were in the Wis- consin resort district. | Area Regular Hideout. 1 Several kidnap victims, including William Hamm, jr., St. Paul brewer, charging Colley with robbery. » He asserted, however, he had learned | he was to be implicated through a| woman at Akron with whom he said| “Colley had been running around.” | The woman, he said, was demanding | $400 to keep quiet. i Police said they found a letter frem ! Shank in the clothing cf one of the! victims, Mrs. Ethel Colley, advising her | and her husband. Alvin, to “keep eyes open, mouth shut” and he would soon join them and “you will all be rich.” | Colley and his wife and two sons, 7| and 11 years of age, were found dead | and dying of pcison on a highway near Malvern late yesterday after their car had crashed into a fence and Shank had fled into the woods H A third child, Clyde, 3% years old,! was taken to a hcspital at Malvern in; a serious condition. He responded to an antidote given him by physicians there and today was reported to have recovered. Confesses, Asks Leniency. Shank confessed, authorities an- nounced, in the following brief state- ment which he said he would amplify after he had some sleep: “I am guilty of the murder of thne four persons at Malvern by poison and 1 only ask that you officers recommend to the courts that they grant me all the leniency possible.” 0il Code Ruling Near. Hugh S. Johnson, recovery admin-| istrator, during the morning sent word to representdtives of the oil industry | that he would deliver to them tomorrow his views con the proposed code for the petroleum business, which has been de- layed by differences and numerous re- writings. | The leaders of the steel industry} went to the White House to discuss the situation with Mr. Roosevelt after| yesterday’s conferences with Secretary Perkins and recovery officials over facts | governing wages. Data on such sub- Jjects as normal employment and wege differentials_were reviewed. “The problem was to reconcile the figures of Dr. Alexander Sachs, the steel corporation and Miss Perkins,” | Johnson said Sachs is JoQnson's statistical expert. Johnson, in discussing the steel code today, said: “I am not yet ready to make a} recommendation and therefore I don’t want to talk about i Doubtful About Date. Asked whether a steel code could be expected soon, the general replied “T don't know. I never know until I} have gone through the whole distance.” After a two-hour conference with automobile spokesmen Green said a| “very fair attitude” had been exhibited by them while representatives of the in- dustry said Green had shown a fine spirit of co-operation. Green said progress was made on the | automebile code and expressed the opin- ion that a satisfactory agreement would | be reached afier the hearings. Teday's secsion dealt chiefly with the | " (Continued on Page 4, Columm 1.) NEW YGRKEONSIDERS FORECLOSURE HOLIDAY Support Pledged by Democrats and Republicans for Bill Before Legislature. By the Associated Press ALBANY, August 16—The New York Legislature moved today to declare a moratorium until July 1, 1934, on mort- gage foreclosures against all real prop- erty, provided taxes and interest have been paid. | A bill to carry out this plan was pre- sented in the Senate by Senator Joscph D. Nunan, Queens Democrat, who said that both the Republicans and Demo- crats had agreed in conference to sup- port it. MIAMIAN APPOINTED Richardson Saunders Named As- sistant to Secretary Perkins. President Roosevelt today appointed Richardson Saunders of Miami, Fla., to be assistant to the Secretary of Labor. Colley was sought by Wayne County, Ohio, authorities on a warrant charging him with stealing receipts and other evidence from the office of Prosecuting Attorney Lymen R. Critchfied, jr., which was iniended for prosecution of | Clarence Braucher of Barberton, Ohio, on a forgery charge. S.ank was at- torney for Braucher. The evidence, the Ohio prosecutor " (Continued on Page 2, Column 8.) HIGHWAY DEPARTMENT MEN BEGIN FURLOUGHS One hundred and ten employes of the Highway Department today began in- definite payless furloughs because of failure of Lewis Douglas, director of the budget, to make any decision as to whether the District may spend £1,500,- 000 of its own money, collected as gas line taxes from local motorists, for road construction. Under the gas tax law the money may not be spent for anything else. Replacement Prices. The buyers for 1retail stores report that they find whole- sale p}ices now noticeably higher than three or four weeks ago. They say that many manufacturers are refusing ad- vance orders on account of ris- ing cost of materials. For this reason many house- wives, for instance, are stock- ing their linen closets now. Yesterday’s Advertising. (Local Display) es. The Evening Star. . . 38,991 9,603 8,651 6,134 5,050 29,438 2d Newspaper. ... 3d Newspaper. . ... 4th Newspaper. . ... 5th Newspaper . . .. Total Four other newspapers) People in more modest cir- cumstances cannot afford to be without The Star, as they save many times the subscrip- tion price by carefully reading the advertisements. i | connections between organized abduc- | believed they were held captive in the region. Roger Touhy and three hench- men have been charged with the $100.000 Hamm kidnaping. Gangsters reputedly have hidden out in the resort section for years. The notorious Touhy gang, four mem- ! bers of which have been named as the $100.000 kidnapers of William Hamm, | jr., St. Paul brewer, are known to make ; their headquarters in the region. George “Bugs” Moran, gang leader dethroned by the killing of seven fol- | lowers in the St. Valentine's day mas- sacre, also has operated there. U. S. Grants Authority. The police mobilizaticn into the| nearby State was led by Lieut. Andrew Barry, in charge of the kidnap di- vision of the Chicago Police Depart- ment. Authority for the expedition was given by the Federal Government. Detectives under Barry were said to have investigated in the district for weeks, disguised as farmers and tour- ists. Several hide-aways of gangsters and suspected kidnapers were reported to have been found. A massive police trap carefully set for a gang of wily kidnapers snapped | futilly yesterday, but authorities today claimed new evidence of interlocking | tors for ransom in far-flung sections of the country. Three davs of preparation, the blue- printed scheming of city, county and Federal authorities, efforts of 300 se- lected possemen from city, suburban and Stat attorney’s forces, with wireless squad cars directing and air- planes soaring over the scene, went for naught yesterday as two members of a gang which sought a further $50,- 000 ransom installment from John Factor, recently abducted market ! speculator, careened away in a burst of _gun fire. But out of the unhappy denouement which saw the suspects escape with a | package representing final payment for Factor's release, authorities had for their work a sedan, abandoned by their\ quarries, two men in detention who | claimed they were hikers, and six | others seized in a saloon as a result of | clues uncovered in the exciting, bullet- punctured pursuit. Gang Link Is Indicated. Police reports indicated Richard | (Yuma) Philips, known here as an! underworld go-between; Vernon Miller, one of the notorious Harvey Bailey gang of Texas; Tommy Touhy, brother of Roger Touhy, held for the kidnap- ing of Hamm and George Kelly, said by authorities to be wanted in the Urschel kidnaping case, were the parties for whom the trap was laid. This informa- tion was regarded as possibly linking closely the various gangs responsible for major kidnapings in the Middle and Far West during the past year. Only two men were believed in the fleeing car, however. An overanxious motor squad car, which forgot orders to cruise lazily near the negotiation area, north of suburban,‘ La Grange, and spurted ahead at the| signal which was to start the huge net closing in, was blamed for the fiasco.' It got for a moment between a police machine gunner and the kidnap auto- mobile, forcing the policeman to with-| hold his fire. The suspects drove wild- | 1y off and finally lost themselves in the | neavily wooded region of the Western Cook County forest preserve area. Factor’'s Wires Tapped. Tapped wires on Factor's telephone line started off the great manhunt. Po- | lice learned demands for additional thousands of dollars recently were made on the market plunger who is accused of fleecing several millions of dollars irem Britich investors and who was! released a few weeks ago after yielding | $50,000 to his captors. They persuaded | (Continued on Page 2, Column 3.) FOG STAYS .HEAT WAVE Death Toll Reaches Nine in West. Forest Fires Rage. SAN FRANCISCO, August 16 (P).— Fog tempered the heat wave at some Pacific Coast points today, but inland forest fires raged unchecked and the prospect was for more hot weather. Nine deaths, directly attributable to the high temperatures, were reported. ¢ Toening Star L L WF "0 OUR PART Yesterday’s Circulation, 111,610 (®) Means Associated Pri TWO CENTS. DAN, YouR LIST oF DISCHARGED EMPLOYE S MIGHT HELP ME To REPIACE, SoME oF THE CoLsGE ProFes- SoRS NOW IN Z WASHINGK IT MAY YET COME TO TH#S! ROOSEVELT PLANS ARMY POST MERGER Surveys Outlay to Effect, Economy in Building Program. President Roosevelt has decided to concentrate many Army Pposts into @ few major establishments for purposes of economy and efficiency. He is now surveying the Army out- lay and is determined to weed out a large number of Army barracks to cut costs of operation and to promote co- ordination of the forces. Until he has decided which posts | will be retained in the new order he is withholding any funds for Army housing. Secretary of War Dern has urged the Public Works Board to allocate funds from its $3,300,000.000 employment fund for Army housing, but no action has been taken. President Will Act. It was made clear at the White House that President Roosevelt himself wifl pass on the Army buildings program now under consideration by the Public Werks Administration. Dern and Secretary Ickes, head of the Public Works Administration, have been in disagreement about appro- priations for Army buildings as well as allotments for the motorization and modernization cf the Army. A program providing for the ex- penditure of $145.000,000 for Army buildings was submiited by the War Department to the Public Works Ad- ministraticn, but, with the President favoring a concentration of it, it was considered unlikely he would favor the present building plan as a whole One regiment of the Army is now scattered in four different posts. This is a condition of which the President disapproves and he is eager to effect a reorganization and concentration of the Army in fewer posts. It was indicated | troller general that the Delta Finishing | the building projects he would approve would fall in line with this desire. In his determination to block any- |it could not complete a contract for | thing resembling the “pork barrel” in connection with the national public building program, President Roosevelt is insisting that public works officials carefully scrutinize each proposal for a building. ‘The administration policy will be to construct only those buildings that are deemed essential and practical. projects which are not considered justi- fiable, so far as the expense and prac- ticability are concerned, will be abandoned. g Post Offices Rejected. Already a large number of post offices and other Federal buildings included in the general building program adopt- ed several years ago through political and congressional pressure have been classified as unsatisfactory. In working out the administration plan officials are placing the proposed buildings in six or seven categories, so classified because of the importance and practicabllity and the estimated cost of the building. Thus far only A and B class have been approved. The proposed buildings in the four other categories are being re-examined and very carefully scrutinized. BECOMES L6YOLA HEAD Rev. 8. K. Wilson Assumes Duties at Chicago Institution. All | Threat of Gandhi To Die by Fasting Wins Compromise {Government Offers Plan to Permit Campaign for Untouchables. By the Associated Press POONA, India, August the Mahatma Gandhi had announced | at noon today that he was starting a fast until death, the government came forward with an offer which, it was | expected, would impel him to abandon the plan. The government was willing to pro- vide the Nationalist leader with facili- | ties enabling him to continue, under | certain conditions, his campaign to | better the status of India’s most lowly caste, the untouchables, Thus far the Mahatma has not actually missed any meal, and it was |~ (Continued on Page 2, Column 1) FEDERAL CONTRACT MUST BE FILLED McCarl Rules Terms Cannot Be Modified Because of Code. ) Contracts with the Government must be filled under their original terms, even | though the makers run into increased | operating costs due to application of the national recovery act, Controller Gen- eral McCarl held today. The decislon was given to the Attor- ney General, who had advised the con- | Co. of Philadelphia had served notice bleaching and shrinking duck manufac- tured in Atlanta prison at the rate of | 233 cents per yard, but would have to | boost the cost approximately 35 par cent | because the firm was operating under | the recovery code. The Attorney Gen- eral asked what procedure should be | fotlowed. Cannot Modify Terms. ‘The controller general responded that there is no existing legal authority for modifying the contract, and added: “The contract between the United States and the Delta Pinishing Co. | constitutes an obligation binding on the company and it may not withdraw | therefrom without resulting liability to | the United States for excess cost, if |any, which may be occasioned the Government by such default.” In this instance, to fill out the con- tract, will cost the Delta Co. about 1 $2,600 more than the original estimated figure. Legislation Likely. ‘The case is the first of the sort to arise and it was recalled today that at the time the recovery act was under discussion Presitdent Roosevelt said that doubtless the next Congress would have to enact legislation that would protect contractors engaged on Government would call for increased expenditures under the act. CHICAGO, August 16 (#).—Rev. Samuel Knox Wilson, S. J., became president of Loyola University last night, succeeding Rev. Robert M. Kelley. Father Wilson, a native Chicagoan, is a grandson of Samuel Knox, a Presby- terian minister, once president of Bal- timore City College. Father Kelley has been assigned to St. Mary's College, Kansas. e Japanese Envoy Dead. WARSAW, Poland, August 16 (#).— Hiruoki Kawal, the Japanese Minister to Poland, died today shortly after hav- ing embraced the Ortholic faith. He was baptized by the papal nuncio. The minister succumbed from tuberculosis at nearby Otwock. ROPER DENIES U IS INCONSISTENT Answering criticism that the Federal Government was not keeping its “own dcorstep clean” by cutting salaries and laying off employes, while appealing to industry to increase pay rolls, Secretary of Commerce Roper said today he could see no inconsistency in this action, be- cause in discharging Civil Servce work- ers the Government was conforming to a future and permenent program, while industry was being asked to carry out an emergency plan. Roper said he had received letters charging inconsistency in that the Gov- ernment was not following the policy it was appealing to industry to carry out. One critic is understood to have cited the number of civil service employes in ‘Washington who have been laid off, or i . S. WORKER CUT WITH RECOVERY have had their salaries cut, as an ex- ample. The cabinet officer’s statement came shortly after Hugh S. Johnson of the Na- tional Recovery Administration told newspaper men he viewed the reduction made by the Government in its per- sonnel as being “regrettably inconsist- ent.” “Some employes are being let off because it is necessary,” Johnson ex- plained. “If you do not do that you cannot hope to preserve the fiscal solidarity of the United States.” Roper sald with the clerks employed brogram, Washington nad, more Federst program, W more er: workers than prior to the time the (Continued on Page 2, Column 5.) 16.—After | work, on the basis of agreements which | SAYS HOOVER DD BESTTOSAVE BANK Mills Telis Jury Ford Balked Unless He and Son Un- derwrote Stock. By the Associated Press DETROIT, August 16—A recital of | the attitude of Herbert Hoover, then | President, during the Michigan banking crisis, and a statement that Henry Ford refused to take any part in a bank re- | organization unless he and Edsel Ford | could underwrite all the stock, came to- | day from Wilson W. Mills, prominent banker-witness before the one-man | bank jury. Mills, former chairman of the board | of the First National Bank, Detroit, the | largest closed bank in the country, sald | Mr. Hoover was “by no means” to blame | for the Michigan holiday, and declared | his attitude at all times was that of | an executive desirous of helping in every | way. despite opposition that developed from Senator James Couzens, Repub- lican, of Michigan, to a Reconstruction Pinance Corporation loan which, Mills said. would have prevented the bank holiday. Bank Sought $135,000,000. Ford, the witness said, refused to take any part in the reorganization of | the First National Bank, Detroit, after it had been closed unless he and his son, Edsel, could underwrite all the stock. At that time, he said, the bank had an application before the R. F. C. for a $135,000,000 loan, which Couze: opposed as a matter of “national poli Mills also related that he did not know the First National would not re- open after the holiday until he was ! advised of the appointment of a Federal conservator. He also said it was Eugene Meyer, then governor of the Federal Reserve Board, and his associates, who requested George P. Davison, chairman of the board of the Central Hanover Bank & Trust Co. of New York, to sit as an “unofficial envoy” in consulta- tions over the city's banking crisis just after the State-wide holiday. Mills indicated he assented to the State banking holiday to prevent Ford from carrying out a threat he said the motor magnate had made to withdraw $20.000,000 on deposit in the First Na- tional if another bank, the Guardian National Bank of Commerce. closed. Couzens to Testifiy. Mills will be followed on the stand, possibly today, by Senator Couzen: the Senator’s own request. Edsel B. Ford probably will testify after Senator Couzens, but there was no indication that Henry Ford would take the witness stand. Mills said yesterday Ford re- fused to “freeze” a $7,500,000 deposit in the Union Guardian Trust Co. dur- ing the frenzied negotiations to avert the Michigan banking holiday. On behalf of Henry Ford it was said last night he would have no statement “until the time is right.” Rev. Father Charles E. Coughlin, pastor of the Shrine of the Little Flower, who engaged in a heated con- troversy with defenders of the closed banks last Spring, is expected to follow Edsel Ford on the witness stand. GRAIN PRICES DROP TO EXTREME LIMITS Wheat, Rye and Barley Down Five Cents—Market Returns to Stand- still—Cotton Loses $1. | By the Associated Press. CHICAGO. August 16.—With the re- moval of “pegged” minimum prices for grains on the board of trade today, all cereals dropped the extreme limits per- mitted at the opening. While “pegging” was withdrawn, the daily price restrictions of 5 cents for wheat, rye and barley, 4 cents for corn and 3 cents for oats remained in effect, and prices promptly sank the limit. Some -of the opening prices were Segumber wheat, 87%g, September corn, 453, September oats 333 and Septem- ber rye 63 cents. Trading in Chicago for the last sev- eral days had been in the doldrums, the market merely going *through the routine. Most of the interest had been centered on the Winnipeg quotaticn: ‘The directors of the big Canadian e change today put into effect pegged minimum prices there. NEW YORK, August 16 (#)—Cotton prices were pushed down about $2 a bale today by the selling of traders and other interests who were a bit nervous over developments in grain markets. About half the loss was recovered :lber, with the close 60 cents to $1.05 lower. On the downswing October contracts sold at 8.50 cents a pound, off $2 a bale, and March at 8.96, off $1.80. Prices for these and other active con- tracts represented new lows on the movement and losses of about $16 a bale from the July high levels. h 4 I AMERICAN BANKING STRUCTURE IS SEEN BACK ON 1T FEET 13,951 Licensed Banks Op- erating, With 2,870 Closed or Restricted. RECORDS ARE GIVEN OUT BY WALTER J. CUMMINGS Show State of Business as Closed August 12 for Member Institutions. (Copyright, 1933 by the Associated Press) The American banking structure is| virtually back on its feet. | The records of Walter J. Cummings, executive assistant to the Secretary of the Treasury, today showed 13,951 li- censed banks operating without restric- tions and only 2,870 closed or operating | on a restricted basis. These figures in- | clude National banks and State mem- | bers and non-members of the Federal Reserve System, but exclude mu!us]i savings institutions. | The record is as of the close of business August 12 for member institu- | tions and as of July 26 for non-mem- bers. Held “Bank Opener.” Cummings, brought to Washington | by Secretary Woodin and regaled with ! the "inofficial title of “bank opener,” said that on August 12 there were 4,-| 961 National banks doing an unre- stricted banking business with deposits of $16,938.145,000; that 740 State mem- bers banks with deposits of $9.741.000. and 8,250 non-membres having deposits of $5,057,596,000 were operating on a full-time basis on July 26 | The deposits are as of December 31, | 1932, as there has been no assembled | condition report of banks since that time. The next such condition report, based on the National bank call by the con- troller as of June 30, will be made in about two weeks. | The figures in Cummings’ report were | taken from official records of thflj controller of the currency for national | and State member banks, and from| Federal Reserve Board records for non- | members. { On the inactive side, it was found that on August 12 there were yet closed or operating on a restricted basis 909 | national banks, having deposits of | $954,304.000; 95 State member institu- tions, with deposits of $204.134,000. and 1,866 non-member institutions, exclusive of mutual savings banks, with deposits | of $1,005,365,000. ‘The composite picture shows deposits in open banks of $31737,728,000, while a total of $2,163,803.000 was tied up in closed or restricted banks. The picture is even brighter, Cum- mings said, when cognizance is taken of the many details entering into the task of reopening an institution. In this connection, he pointed out that of the 909 national banks still closed or unlicensed. 317 have received the official “0. K.” of the Treastiry and are raising money provided in approved reorgani- zation plans. This will involve the re- | lease of $400,000,000 more in deposits, he said. ~ Cummings said every closed banking | institution in the United States had been examined by the Treasury since the banking holiday in March. Table Prepared by Cummings. In this table, prepared by Cummings, is the composite statement of the bank- ing structure in the United States at the close of business August 12: Licensed banks (unrestricted) National banks State member banks Non-member ban k s (exclusive of mu- tual banks) 740 savings Total 13,951 Unlicensed banks (c Nu National banks 5 State member banks Non-member bank s (exclusive of mu- tual savings banks) Tota! As of December 3 26, 1933 D. C. Average Low. In Washington the percentage of banks reopened since the bank holiday is considerably below that for the Na- tion. However, progress is being made, with prospects that most of the remain- ing restricted institutions soon will be doing business again. Only one of the 13 unlicensed banks has actually re-opened for business, the Chevy Chase Savings Bank, which is | now a branch of the Riggs National Bank. Negotiations for this purchase :‘ere under way before the bank holi- ay. Of the remmining 12 unlicensed banks, eight are members of the proposed Hamilton National Bank merger, which is getting ready to open. No date has yet been fixed for the opening, how- ever. The members of the merger are: Federal-American National Bank & Trust Co., the District National Bank, Potomac Savings Bank, Northeast Sav- ings Bank, Woodridge-Langdon Savings and Commercial Bank, Washington Sav- ings Bank, United States Savings Bank and Seventh Street Savings Bank. The other unlicensed banks in the city are the Franklin National Bank, the Mount Vernon Savings Bank, the Industrial Savings Bank and the Park Savings Bank. The Park Bank is in the hands of a receiver, for liquidation. All the other unlicensed banks are in the hands of conservators. The Commercial National Bank went into the hands of a receiver late in February, and is now being liquidated. FRENCH TARIFF BOOST RESCINDED AS ERROR Action Today+Ends Increases on Lard, Fish, Vegetable Oils, Turpentine, Etc. By the Associated Press. PARIS, August 16.—The latest boost in tariffs on American products, im- posed by what was described officially as an “error,” was rescinded today. This followed representations made by the American embassy. ‘The on again, off again, tariff rate changes of the last few weeks were at- tributed to an erroneous interpretation of the tariff law, each case being recti- fled by the ministry of commerce. Today’s action rescinded increases, or- dered last Saturday, against lards, fish | tions | the northern coast. CUBA INVESTIGATES PROPERTY AND CASH OF MACHADISTAS Inquiry Started With View to Requisition by Their Successors. CHARGES OF MURDER AND SWINDLING FILED Complaint Named Deposed Presi- dent and Five Aides—Strike Goes On in Some Places. By the Assoclated Press. HAVANA, August 16 —Bank accounts and properties of the deposed P Gerardo Machado and fo were investigated today with a v requisition by their succ Secretary of the Treasu Joaquin Martinez Saenz, a lea: in the A.B.C. Secret Society, began the probe as Pro- visional Preside 1 de Cespedes’ administration weeded out persons suspected of profiting by the Machado regime It was reliably reported that em- bargoes are planned on fortunes and property of the Machadistas The newspaper Diario de la Marina said Machado sent M Isobel Caliger, private secretary to the chief of the palace household, to Germany two weeks ago to buy a home for Criminal Charges Filed. Reports from th Machado is in exile President planned to rer Nassau. Where he did h: a matter of conjecture lieved to have substan abroad The De Cespedes govern the Machadist; ent wers to a place near Criminal of public fu falsities and swindl murders, personal at firearms have beer rents in the declared the lend * ape ice. mpla besides the e Octavio Aver- secretary: Orestes Ferrara, former secret: of state; An- tonio B. Ainciart. one-time police chief; Octavio Zubizarreta, former head of the interior department. and Jose Izquier ex-chief of the central d t Some of them have fled Cuba. Others are in hiding. Killing of 21 Mentioned. An amnesty bill approved two weeks before Machado was overthrown cleaned the slate of offenses up to that date, and the present charges refer to alleged acts since then. The killing of 21 per- sons last week following the circulation of a premature report of Machado's resignation was specifically mentioned The administration’s firmness aga letting political offenders plicated the problems States Ambasador Sumner % as a mediator in Cuban p responsible by some Mack their safety. Ferrera on Monday, is wi vene as a friend in cases where it is | demonstrated life is actually endangered, but will not act in cases wh persons seek to evade under the law. The new Presider entrance into politics, has among h other difficulties the general strike. which, while practically settled in H: vana, continued in parts of Camagye: and Oriente Provinces. The Consol dated and Northern Cuban Railways were still affected and a contin dock workers’ walkout tied up ports Dock worke Havana had not returned to work. Debt Question Tackled. Another heritage of the deposed ad- ministration was a burdensome for: debt, but this the administration ta immediately by designating the se tary of the treasury to treat direct ontipued on Page 5, Column 2.) BUSINESS FAILURES CUT SHARPLY IN PAST YEAR Only 349 Reported in Past Week as Compared With 650 in Same Period of 1932. By the Associated Press. NEW YORK, August 16.—Business failures in the United States for the week ended August 10 numbered 349, Dun & Bradstreet, Inc., reported toda: In the preceding week there were 352 defaults and 650 in the same week last year. There were reductions in all geo- graphic divisions last week in com- parison with the corresponding period last year, the agency said. FIRING AT BOAT PROBED Girl Killed When Flyer Mistook Craft for Target. LONDON, August 16 (#.—A Royal Air Force inquiry was held this after- noon into the death of Jean Chasterton, 17-year-old London girl, who was shot dead yesterday by an air force ma- chine gunner who mistook the rowboat she was in for a target. The victim's sister, Joan Chasterton, and her father attended the proceed- ings, which were secret and were held at the Eastchurch Airdrome. ere accused onsibilities who is making hi UIDE FOR READERS Page. Amusements Finance Radio Society . Sports .... Comics Features ..... and vegetable oils, turpentine, resinous products and patent leathers. Serial Story .