Evening Star Newspaper, March 15, 1935, Page 37

NEWR.F. C.AID UNIT 1S FORMED $10,000,000 Corporation to Help Business Building Bondholders. By the Associsted Press. Chairman Jesse H. Jones of the Reconstruction Finance Corp. yester- day announced incorporation of a $10,000,000 R. F. C. mortgage cor- poration to relieve distress of bond- holders in business buildings. The company will begin function- ing immediately, Jones said. James B. Alley, Earl B. Schwulst and John W. Slacks, all employes of the R. F. C.. were the incorporators. Jones said one of these would be selected as president, another treasurer and the third secretary. “But no new jobs will be created,” he added, “and we will do business just as we are doing now.” The company was incorporated in Maryland. Planned to Fill Gap, L “The purpose of the company is to offer aid to those building organiza- tions which cannot now receive loans from the Home Owners’ Loan Corp., the Federal Land Banks, the Federal Housing Administration, aend the rest” Jones said, adding that he| expects no rush of business. “We will be able to make loans directly to individuals, if we choose; but we are most interested in accel- rating loans by private companies which, we hope, will soon be organized in such cities as Chicago, New York, Cleveland and St. Louis.” Profit Visioned. “we'll use this original capital—the $10,000,000—as = Tevolving fund,” Jones said. “We'll buy only those stocks which have a definite value: and it is most probable that we will sell them somewhere else at a profit. We are hopeful private capital will make our participation in this field unnecessary.” Questioned by reporters as to what | steps the R. F. C. company would take | if all the owners of the billions of dollars of bankrupt real estate bonds | offered their holdings at current market value, Jones whipped out: | “We don't expect such offerings. Our only purpose is to stabilize and lend confidence to the bondholders’ | market.” PUBLISHER FLAYS NEWSPAPER lAXlTY} Torch of Enlightenment Handed | to Coughlins, Longs and John- sons, Says J. David Stern. By the Associated Press. NEW YORK, March 15.—America's newspapers have forsaken their priv- ilege of leading public opinion and have ‘“handed the torch to the Coughlins, the Longs and the John- sons,” J. David Ste~n told the Adver- tising Club of New York yesterday. Stern, publisher of the New York Post, the Philadelphia Record and the Camden (N. J.) Courier and Post, spoke on “The Newspapers’ Part in the New Deal.” The Nation would have “licked” the depression two years ago if news- papers had paid as much attention to their editorial columns as to their advertising columns, said Stern. “The intellectual battle of the New Deal is being fought on the air in- stead of in the newspapers as it should be,” he declared. “Newspapers of the United States are to blame for | the extraordinary growth of political | propaganda on the air. * * *” | PYRAMIDING PROFITS GIVEN AS $34,000,000 Utility Magnate, Ellis I. Phillips, ; Revealed as Gainer in Hold- ing Company Dealings. By the Assoclated Press ALBANY, N. Y. March 15.—Pyra- miding of securities of utility hold-" ing companies, the Legislative Utility Investigating Committee developed in testimony yesterday, netted Ellis I. Phillips, utility magnate. and his as- sociates a profit of $34,000,000 in one year. The committee, of which John E. Mack is counsel, brought out that the .profit was made on an investment of | £8100,000,000 or more on which the public contributed in the form of pur- chases of utility holding company se- +eurities. ¥ All but two issues of securities in- volved in the complicated transaction are not now paying interest or divi- dends, the testimony purported to show. 5 —_— NAZI STORY DENIED VIENNA, March 15 .—Repor Published abroad (not clo::ied m?o“:.: ‘Associated Press) that troops had been rushed to Styria in anticipation of a Nazi revolt in connection with the ntencing of Anton Rintelen, former Minister to Rome, to life imprison- ment, were ridiculed in official circles ‘1ast night. + The defense ministry denied em- ‘phatically that a single soldier had ibeen moved to Styria and called such Teports “pure inventions.” ilated there. Ambassadress of Australia Dr. Bentivoglio, “First Woman” of Oxford, to Lrcture Here. of the world, “where the people grow head downwards,” has come Dr. Marie C. Bentivoglio, professor of geography at the University of Sydney. She will “in- troduce” her country by slides and lecture to & Washington audience this evening, under the auspices of the National Geographic Society. The business of bowing the island continent’s beauties and peculiarities into our midst, however, must take second place here, for this is an ar- ticle about the doctor herself. Sne speaks in the crisp, cropped accent of the empire, yet bears a name which, as she admits, “is certainly not Aus- tralian.” Let it be known first, that Dr. Ben- tivoglio is the first woman in the world ever to have received the de- gree of doctor of philosophy frem Ox- ford. Second, she received that dis- tinction for having followed an almost pioneer course of studies in crystal- lography. Third, with a practical eye to the future, she paralleled this work in her last terms at Oxford by pur- suing an extra curriculum in geog- raphy. These facts deserve some explana- | tion. Breaks Oxford Tradition. For six centuries tradition-bound Oxford permitted no feminine skirt | to sully its halls. Then, in 1870, a brave woman dared all and matricu- | But women in the | open—never! This would provide a | “disturbing influence” to study. So staid old Oxford, not knowing quite what to do, made it a rule that women must attend classes hidden be- hind a screen! And for 15 years they did, those few who were determined to “ attend that school. | It was not until 1920, really, that public pressure and ridicule, and the FEOI[ Australia, the other side € 1214-1220 F T HE EVENING STAR, WASHINGTOX, and analysis of crystals—“a pure sci- ence, crystallography.” High among only a few recognized scientisits in this unusual field which takes for Its province the geometrical chemical properties of crystals, Dr. Bentivoglio has published several books and monographs on her subject. To be “practical,” however, she studied geography along with her school. In this subject she received the diploma “cum laude,” with dis- tinction. Australia, at Sydney. viewpoint of a dweller in the Southern text book in schools on the continent. It had always been Dr. Bentivoglio’s desire to travel, “to see the world while I am young and can move about earily,” she says. Especially did she desire to see the United States. A chance meeting with a representative of the National Geographic Society in Australia, who knew of her by reputation, gave her that opportunity. She sailed recently, as a lecturer- a “good will ambassador” from a|R little known country—to the United States. By way of San Francisco she | R D. C, FRIDAY, MARCH 15, 1935. tne miepaive study of ‘e tormasen | WIDOW OF STAVISKY ties, one former general and two lawyers were among those turned over AND 18 INDICTED| i, i vage™ ™ =" == Defendants. other work during her last years in | BY the Associated Press. Fourteen of those indicted are held and atomic structure, physical and |69 Lawyers Expected to Defend |IN Jall nine of the original accused Bayonne Pawnshop Scandal were ordered released on the grounds nothing was found against them, and police action against three lapsed be- cause of deaths. The latter three |cases are those of the swindler, Stavisky himself, who committed , March 15—The Stavisky suicide, Chamonix Emile Blanchard, he collapse of the Bayonne | employe in the labor ministry, who Incidentally, it is her book, a geo- | reached the end of the preliminary graphy of m{nr.u. written lrom‘the investigation period yesterday with | more than a year in the investigations. the indictment of 19 persons including | The 19 indicted personus are expected Hemisphere, which is the standard |the beautiful wife of Serge Stavisky. Carlette Simon Stavisky, two Depu- 222 It was this knowledge | pawnshop— which shook France, |also committed suicide, and Samuel which later got her her pamanedfn drove out two governments and re- | Maingourd, director of the Orleans sulted in the February riots last year, | municipal pawnship. Four magistrates were busy for to be defended by no fewer than 69 lawyers: R FRIDAY and SATURDAY PLANTERS....PEANUTS | open. THENEW € very excellent records of the women who had attended, brought about a final removal of the barriers. Women could finally earn a degree in the It was not many years after this new freedom that Dr. Bentivog- lio earned hers. At an early age she entered Oxford to obtain instruction in chemistry and geology. Two of her professors needed help. Dr. Bentivoglio offered herself, and her later work showed promise. Gradually she worked into a study of other crystals. Crystallographer. She was encouraged to continue her work in chemistry as it pertained to geology. Mathematics and physics attracted her. She combined her | of complications. | book about it.” | a book about it. | his wife, Anna, yesterday filed vol- N | firms and individuals. | $310,057 are secured by Cincinnati| made straight for Washington to begin a series of lectures that will take her back across the continent in| the year she has allotted herself for looking us over. “My name? Well, that story is full I could write a As a parting shot the reporter sug- gested that perhaps she was writing The doctor didn't | deny the possibility. —_— Pair Broke, Owe $324,051. MIAMI, Fla, March 15 (#).—De- claring themselves unemployed and without assets, Nathan Rabkin and | Regular Price 59c . untary bankruptcy petitions listing | $324,051 debts owed Cincinnati banks, | Notes for | 705 real estate, they informed the court. ! prices. LB. FOR 33 BUY HOT ROASTED PEANUTS EXTRA SPECIAL! 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