Evening Star Newspaper, January 10, 1935, Page 13

F.0: L. WILL PAY INHERNDON CRASH Shortage of $70,000 Found in -Bank—Payments Within 10 Days. By a Bla¥ Correspondent of The Star. HERNDON, Va., January 10—The, Federal Deposit Insurance Corp. today | took over the Herndon National Bank, | closed last night by its directors after national bank examiners had found & shortage in its accounts of approxi- mately $70,000. Officials of the F. D. I. C,, operating under the new deposit guarantee legislation, expect to pay off all de- positors up to $5,000 within 10 days, | they said today. Representatives of the F. D. I. C. moved into the closed institution | today, and began an audit. As soon as they are completed, the payments | will begin. Officials in Washington said they expected to act “very speedily.” Two Officers Il Neither Dr. Ernest L. Robey, presi- dent of the bank, nor Asa Bradshaw, its cashier, could be reached today, as| both were ill. The closing came after the exam- iners had been going over the books for some three or four days. The bank served a wide area in Northern Virginia and many depositors are em- ployes of the Federal Government in ‘Washington. Capitalized for $25,000, the bank's deposits last October were listed at $315347, and at one time several years ago its stock was listed among the highest bank stocks in Northern | Virginia, attaining a value of $240. Will Act As Receiver. The Herndon bank is the tenth na- | tional bank to close since inaugura- tion of the Federal Deposit Insurance Corporation. All depositors in the others have been paid within a short time after closing. The F. D. 1. C. will take over the bank as receiver, and, after proving claims of depositors, will pay them the amount of their deposits up to $5,000, receiving an assignment of the accounts. In this procedure, the F. D. I C. will take the place of the depositors as claimants and will pro- ceed with liquidation. Officials said no individual would be named re- ceiver, but that the corporation, as such, will take over the bank for liquidation, proceeds from which will revert to the F. D. I. C. after de- Ppositors are paid. Limit Is Per Depositor. ‘The $5,000 limitation of Federal in- surance is on the individual depositor, not on the separate accounts. For instance, if John Doe has two ac- counts which total more than $5,000, the Federal Government's liability does not exceed that amount. If, however, his wife has one of the ac- counts in her name, each will be paid | off in the amount of his or her de- | posit, up to $5,000. The F. D. I. C. was appointed re- ceiver by the controller of the cur- rency under the Federal deposit guarantee law. MOTHER OF GLORIA HELD PAID BIG SUMS Guardians of Heiress Submit Af- fidavit of Expenses Met During 1933 and 1934. By the Associated Press. NEW YORK, January 10.—An affi- davit showing that Mrs. Gloria Mor- gan Vanderbilt received more than her $12,000 yearly allowance in 1933 and 1934 was on file with Surrogate James A. Foley today in connection with “her petition for approval of a 1935 budget of $51,910. . The affidavit was filed by Thomas B. @lichrist and George W. Wicker- 'sham, guardians of 10-year-old Gloria Vanderbilt, heiress to $3,000,000. It contained no recommendations on the 1935 expense funds asked by Mrs. ‘Vanderbilt for the support of herself and Gloria. .. _The accounting showed that in 1933 ‘Mrs. Vanderbilt received $27,599.88 for “personal expenses” of which she gave no detailed statement, accord- ing to the guardians’ affidavit. Last year, they said, she received besides the $12,000 allowance, $9,- 836.64 for “household expenses,” but for which no accounting was given. The affidavit said the total sum given to Mrs. Vanderbilt in 1933 for the support of Gloria and herself was. $48,000, while in 1934 it totaled © It disclosed also that the $1,000- a-month allowance was paid to Mrs. Vanderbilt last year with the under- standing she would pay $250 to her mother. Mrs. Laura Kilpatrick Mor- gan,'bat that Mrs. Vanderbilt dis- [continued the payments in August of 1ast year. Recently she announced she would resume paying the allow- ance to her mother. " The guardians also noted a claim by Mrs. Emma Keislich, the child Gloria’s nurse, in 1931 and 1932, for wages totaling $1,500, and one by Charles Zaug, former Vanderbilt but- ler, for $75.83, which he says he spent for ice cream, candy, liquor, cable- grams, floor mops and other items. ’ngge Rockefeller Qil Interest Put At Quarter Billion Son of Standard 0il i Founder Reports T v 208 E.C. By the Associated Press. John D. Rockefeller, jr., owned something like a quarter of a billion dollar interest in three oil companies Inst November, but since then he has transfefred some $46,000,000 in these holdings. ' In a report to the Securities and Exchange Commission yesterday, the . son of the founder of Standard Oil revealed that as of November, 1934, he held 1,872,528 shares of Standard Ol of California stock, 2,743,122 in Standard Oil of New Jersey and 5,- 565,370 in Socony-Vacuum Corp. At yesterday’s New York Stock Ex- change Dprices, their value aggregated $249,302,144. On Detember 18, last, he reported, he transferred 540,700 shares of Standard of California; 600,700 of Standard of New Jersey, and 451,000 of - Socony-Vacuum, valued &t $46,964,500. Breast of Veal . . ... ... o Hormel’s sticed Bacon. . .c.ca. Frankfurters . ... .......... Briggs Scrapple ......zs. ;. I Briggs Bolognas ..... ... . . .. Liver Pudding. . .. Campfire Bologna. . . ... Hog Liver ... . icviasyossion Hog Brains. . . Hog Kidneys. . ..o oo . 5| 290 THE EVENING STAR, WASHINGTON, D. 02 SWIFT'S Premium Ovenized No parboiling—place the ham in ronhng pan, skin or fat side up. Put two cups of water in the pan; Whole place in a moderate oven and bake about 25 minutes to the pound. Remove from oven. Peel off the skin and sprinkle brown sugar on the fat surface. Put back in hot oven for about 15 minutes until sugar caramelizes. Swift’s Premium Bacon sieed 1. 37 Freshly Killed Specially Priced for the Week End. . depend upon. e g o Sausage and Pancake Sale Save 4c on this combination Frying Chickens » D&e | All Plymouth or Barred Rocks killed in Washington—Chickens that you can Pork Loin Roast.. ... Pork Chops......5 Fresh Hams................ ®19c ChuckRoast.......... ... =% Boiling Beef ............... ™ 10c Fresh Sea o ™~23c 23c S 29¢ C, THURSDAY, JANUARY 10, 1935. HAMS Sliced Halibut .............cs... . Sliced Salmon ..., . cecconecose:. Fresh Trout. ...-..- Fresh Spanish Mackerel. ... ... Fresh Croakers. ...... .. ..... Cooked Shrimp . ..... .. Fillet of Haddock. . ... ...,... B 19¢ Salt Water Oysters 21 These Prices Prtv|lfl in ngton Vielnity LOW PRICES Backed By Quality Bb. 29¢ b. 29¢ w1 19¢ B. 19¢ Bass. .v.oxneee . ... 1. 19¢ 1 . pkg. 23¢ There are two factors to every value—PRICE and QUALITY. Price without quality never proves a bargain. Foods that are placed om our shelves are carefully analyzed from both angles. your good will and continued patronage. Baker’s Cocoa . . . ".* The old. old faverite since 1785. Pink Salmon . . . . ¥ Our regular price ticket says 2 for 23c—that means a 3c savings on two cans. Stokely’s “iivaErns: s 19¢ This must be done to hold 10c 10c . cans Just as the name implies—Green & White beans mived. and bearing the Stokely name % pint 12C; pint 23C; quart 45C at a most reasonable price, Z Randall’s Ready-to-serve Chicken Have a can or so on your pan- try shelf for the unexpected guest. Each can contains a whole 7 % Camay Soap . . . 4 ks 17c “The soap of beautiful women” brought to you at a worthwhile savings. Ivory Soap . Tune in on the * Glhun Famils® each Saturday 9:30 to 10:30. Station WRC. Sponsored by Ivory. Jumbo Bread The full one-pound economy loaf—made of only the best ingredients. T ke PUBIPRSA - s Campbell’s . L includes one package of SANICO PANCAKE FLOUR And One Pound of Sanitary’s Special Sausage with each purchase of The fast wash- ing laundry soap. Combination Offer One 5-pound sack of Sanico Flour and one 10-o0z. can of Clabber Girl Baking Powder o 29¢ An Inexpensive vet dependable cambination priced at a 5S¢ saving this w With six-pound sack in 4 Virginia stores c Large 25 ounce Economy Package Beans ith Pork Freshly Ground Beef ... ... » 12l4c Beef Liver................2 = 25¢ Shoulder Veal Roast........ ™ 19¢ 7////4 For Thrifty 7 of home baked beans or a Olympia Soaked 2 for recipes. 23 2 No. 2 cans lsc Olympia Soaked Limas . .. .2 No. 2z cans 15¢ Jumbo Roll S (- Butter . . Brookfield Butter .........» 4lc Land O’ Lakes Butter .........n 43¢ Hillcrest Peaches. . ... .1arge ean 15¢ S N Issue of the Milk . . ....4 a0 cns 23c Pure Cane Sugar.......lOm.49c L+ 25¢ Family Circle for Recipes 1.Ib pk': e 9c prices. When Shopping Downtown Visit one of these conveniently located meodern Food Stores P iggly nggly on Eleventh St. Just adjoining PALAIS ROYAL on the north and a half block from WOODWARD & LOTHROP. Offering the modern, quick, self - service method of shopping—a complete food store. SANITARY Opposite Kann’s on the North- east corner of 8th and D Sts. Now offers the self-service ‘method of shopping SANITARY Oppositec LANSBURGH’S on Seventh St., between D and E. SANITARY Opposite PALAIS ROYAL on Eleventh St.—also handy to Woodward & Lothrop. “FRESH BREAKFAST EGGS” Gradea and dated by ex- verienced grad- o Ilunn by doz. o Alrlenllnn Look for the seal on every carton Sanico Storage Eggs . .a0= 32¢ A SALE OF Washington r:i; Flour The ready-prepared flour that saves you time and meney. All that is neezlury is to mix in the liquid. e 27¢ "ak 53¢ % $1.03 FLORIDA ORANGES To The Dozen Stayman Basket Apples. .. .....4 m 19c Texas OUR FAMOUS Radishes. . . . . 2 bunches 9c GREEN m F;;;toes. PR anFEE i:(:a:!%:l;..........n.Sc el N Sprouts .......aur 25¢c ulnd dollar. Ib. 25c N New e Cabbage . Sanitary’s Special Coffee. . Sanico n. 19¢ "15¢ © 29¢ == ..5 ms 14¢ %:l:luge v emme .. 2 B Se Fres| Coffee........m 3lc Spinach ..., 2ms 19¢ chicken — bones and all — you merely heat and serve. The broth makes a wonderful gravy. 2 pound 9 ounce 8 can containing 7c whole chicken . . T FREE Michey Mouse Book OXYDOL Economy Dishes Housewives After serving rich holiday foods, wouldn’t a nice pot steaming bowl of rice go good? Well, all you need to do is to make your selection from the large displays in one of our stores, then turn to pages 8 and 9 in this week’s issue of the amfly Circle Dried Lima Beans, bk, .o Qe White Navy Beans, bulk. . . ......2®» 9c Black-eye Peas, bulk. . . Extra Fancy Blue Rose Rice, bk . 2 ms 11c Early Prolific Rice, bulk. . .. WHITE HOUSE Package Rice phane packages We 2w 13¢ ve.. 2ms Q¢ Above items in Sanitary Cello- at slightly higher Hunt'’s ttatian Prunes . 2 %2 25¢ A delicious breakfast fruit and a splendid bargain, Thevre a deep mabogany color, and packed in thick, delicious syrup. Burch suter Cookies . iz 15¢ Fill the cookie jar with them and watch them dhlllur 1] }) National Ritz”’ Crackers g rke 19¢ Crisp, flaky and tempting. Excellent for canapies or to serve with cheese or soup Phillips . 5c Spaghetti Delicious o o o One of Washington's best known brands. Why not lay in a dozen cans at this savings? New England "5t . . & 15¢ The true flavor of Vermont's famous maple. This is a full one pint bottle. “Mixed Vegetabless.ic. 2 .0 15¢ Exeellent a3 2 base for souss or fe heat and serve as packed—another "Phillips Kidney Beans sai. can 5C Delicious o o ‘Those deliclous red, meaty beans that are <o popular during colder weather. Pork & Beans i, . 4en19c Less than Sc per full one-pound can. Lang’s Sauerkraut . 3 = 25¢ A recent price reduction by the packer permits us to pass this savings on to you. Bartlett Pears "5t . 2 %l 25¢ Oregon’s choice pears in sweet, delicious syrup—a splendid value. ZizzzzzzzzzzzZzZzZ7Z7 s splendid climate and today’s fast trans- ldom necessary for us to say this vegetable These crisp, garden-fresh foods hurry across the continent and await your selection the year ‘round at your favorite Sanitary or Piggly Wiggly a few doors from your home. California—we salute you. California Fresh Peas 2'b--29c California Lettuce California head l Oc What Better Known? ' And what are more welcome at this ti the vear, fo help nlrl against California - Broccoli California Cauliflower . . s head 19¢ California Celery . . . . . «wx12c California Fresh Dates . . California Emperor Grapes . Caleorma NAVEL ORANGES i« 18c * & 23c California SUNKIST LEMONS Sfor 10c and 4 for 10(: . . 2®=19c box 20¢ . « 2m1.25¢