Evening Star Newspaper, February 3, 1935, Page 14

A—14 HOLDING COMPANY CONTROL SCITED Federal Trade Offers New Evidence Urging Curb on Groups. By the Assoclated Press. Charges that some holding compa- nies exert great control over utilities in whici: they have little capital in- vested were mustered by the Trade Commission yesterday behind its recent recommendations for regulation of such corporations. Making public additional informa- tion in support of its suggestions to Congress, the commission cited the United Corp. as an “outstanding il- lustration of a super-holding company organization.” Big Network Created. This company, the commission said, was organized in January, 1929, by J. P. Morgan & Co., in association with Bonbright & Co., Inc. Eventually the report said, United Corp. found itself practically in control of a net- work of utilities which extended, with only one important break, from the Great Lakes and the St. Lawrence River to the Gulf of Mexico. The commission pointed out that United had only 3.9 per cent of the total voting power in Consolidated Gas Co.. of New York, yet “practical control of the general policies of Con- solidated Gas was admitted by repre- sentatives of the United Corp. during the investigation.” Influence “Great.” The importance of banking influ- ence in the utility field was termed “yery ” “If the banking interests should be- come interested in any particular in- dustry in a given locality,” the com- mission said, “it is conceivable that their influence might be exerted in favor of that interest and to the pos- sible detriment of conflicting inter- estz.® * ¢ “Economic history usually indicates that wherever such situations exist regulation in the public interest be- comes necessary in erder so to control concentrated power as to prevent its abuse, and by the same token becomes increasingly difficult.” WIDE DISTRIBUTION OF INDUSTRY URGED Partnership of Government and Business Advised to Attain Decentralization. By the Associated Press. A “partnership” between Govern- | ment and business to bring about maximum decentralization of indus- | try was recommended to Congress in a report published yesterday by Gar- diner C. Means, economic advisor to | the Department of Agriculture. Asserting that more than half of all manufacturing now is carried on by 200 large corporations, the report stressed the “inflexibility of prices in | industries in which active competi- | tion is present.” | It held that farm prices were sub- Ject to many disturbing factors while industrial prices were stable, and con- tended that the banking system had failed to meet requirements. MAYOR IS CONVICTED IN HIT-AND-RUN CASE By the Associated Press. SAN DIEGO, Calif., February 2.—| Mayor Rutherford B. Irones was con- | victed of a hit-and-run charge by a | Superior Court jury yesterday. | Irones was charged with being the | driver of a big motor car that struck | the automobile of George N. Pickett, aviation machinists’ mate, here last November 23. Mrs. Pickett was in- | jured seriously. ‘The mayor, the charge stated, drove away without stopping to render aid. Witnesses at Irones’ preliminary hearing identified the mayor as the driver of the machine, bought for him by the city. The jury of 10 women and 2 men deliberated 40 minutes. Wed 50 Years MR. AND MRS. GEORGE HENRY WINS 3 —Edmonston Photo. RECEPTION TO MARK HALF CENTURY WED Couple to Celebrate Anniversary Tuesday at Home—Came to D. C. in 1907. Mr. and Mrs. George Henry Wins- low will celebrate their fiftieth wed- ding anniversary Tuesday at their home, 612 D street northeast, where they will hold a reception for their friends. The couple was married at Gilbert- ville, Mass. Mr. Winslow, 71 years old, is a native of Ware, Mass., and Mrs. Winslow, 69, before her marriage Miss Mary Alice Greenwood, is a8 na- tive of Camden, N. J. The Winslows came to Washing- ton in 1907 when Mr. Winslow was transferred here by the Railroad Y. M. C. A. to install a branch at the Union Station. He was active in Y. M. C. A. work until retiring in 1923. Both Mr. and Mrs. Winslow are active in church work, the former being an elder in the Eastern Pres- byterian Church. Mr. Winslow is a member and former secretary of the Washington Kiwanis Club and active in the Ma- sonic fraternity. He also is a mem- ber of the Monday Evening Club and the Railroad Square Club. Mr. and Mrs. Winslow have one son, Sidney Harvey Winslow of Pittsburgh, Pa, and three grandchildren. TRUSTY SURRENDERS Admits He “Walked Out” of Michigan Penitentiary. LITTLE ROCK, Ark., February 2 {#)—A man identifying himself as Edward L. Anderson, 26, escaped trusty from the Michigan State Peni- tentiary at Jackson, Mich., yesterday surrendered to a detective and re- quested that he be returned to finish his sentence in the northern prison. Anderson was quoted by officers as saying he “walked out” while serving a sentence of from 2!, to § years. HOT-WATER HEAT American Radiator Co. product com- pletely installed in six rooms as low as 289 No Interference With Present Heating Plant While Installation Is Being Made. NO MONEY DOWN 3 YEARS TO PAY Payments Start April 1st. Free Estimates at Your Convenience. Phone Us. Economy Heating Co. 906 10th St. NW. Met. 2132 JORDANS Introducing the " Kelvinator 1935 Refrigerator Large Display On the fourth floor of our store we have one of the most attractive displays of KELVIN- ATORS to be found anywhere. The display is so arranged that you may select the size that you wish with the least effort. Well-trained men in the refrigeration field can assist you in your selection. 2 JORDAN’S 1935 Budget Meter lglgn A very simple and practical way to buy your refrigerator the same as you pay your ice purchases. Come, let us explain. Absolutely Not a Penny Down Payment Pay as Little as 15 Cents a Day ARTHUR JORDAN PIANO COMPANY 1239.6 Street « Cor. 13 NW. Home of the Chickering Piano THE SUNDAY STAR, WASHINGTON, “D. C., FEBRUARY 3, 1935—PART ONE. Regular $106.50 Value! g Every Piece is Full Size! FEBRUARY FURNITURE |OpesButT $18.95 "Honor Bilt" INNERSPRIN Mattress with the finest mpered wire coils. your order. Value That Is 14-Pc. AN D Peg Solid Maple Suite Here’s what you get: Peg-Top Bed Peg-Top Dresser Mirror for Dresser Chest of Drawers 99 Coil Spring Innerspring Mattress Night Table Hobnail Boudoir Lamp Cricket Boudoir Chair 2 Feather Pillows 3 Colonial Rugs Priced About $50 Below Its Value! chair and 5 side chairs. G Covere: uls 4 y ticking Single or double sizes to Unsurpassed Solid Maple Cricket Chair Formerly Priced at $8.95 Quaint and attractive With padded seat acl Reg. U. S. Patent Office Domestic Orientals Size 9x12 Feet o5 6= Designs exclusive with Sears! Six beautiful patterns copied from Chinese and Persian Orientals. They have lustrous sheen effects woven in. Deep nap, all wool yarns. $3 Down—$5 Month x Small Carrying Charge Thi§ Smart Reg. $119.50 Bedroom Suite Ay f o BE Arranged . 3 Consists of extension table, china closet, buffet, server, 1 host Elegantly styled in a proven design. Slip seats in chairs. Solid oak interiors. WALNUT VENEER Monthly Payments Arranged on Purchases of $20 or More. Small Carrying Charge. el - Monthly Payments Promptly Arranged Monthly Payments Promptly Arranged Small Carrying Charge Pc. "Honor Bilt’ Frieze Living Suite Monthly Payments Arranged Large davenport with carved base and arms, serpentine (curved) front. Re- versible spring-filled cushions. Regu- lar $109.00 value. Also available in 100% mohair. Consists of full size bed, chest, vanity with mirror and dresser with mirror. Has matched veneers of aspen, zebra- wood and walnut. Oak interiors, center drawer guides and dustproof bottoms. Built like a $150 suite and it looks like one! Store Hours: Daily 9:30 AM. to 5:30 P.M. Open Friday and Saturday Nights Until 9:30 SEARS, ROEBUCK Large circular plate-glass mirrors. A CcO FREE Parking at 911 Bladensburg Rd., N.E. Q93 z