Evening Star Newspaper, March 21, 1935, Page 29

VAN SWERINGENS BLAMED FOR DEAL Directed Missouri Pacific Purchase of Own Stock, Senators Told. By the Associated Press. Maxwell Brandwen, New York at- torney, who said he rppresented an independent committee of Missouri Pacific Railroad bondholders, charged | before the Senate Interstate Commerce Comittee today the Van Sweringens of Cleveland caused the Missouri Pa- cific to buy $3,000,000 worth of its own stock in the Fall of 1930, and “why it was bought is a mystery up to the present time.” Brandwen, a soft-spoken, middle- aged man, enlarged upon evidence given the committee yesterday by Prof. Charles A. Beard, chairman of the bondholders’ committee, in sup- port of the Wheeler resolution for an | investigation of railroad financing. | He said the stock purchase was| made at the “direction” of O. P. Van | Sweringen without authority from the | railroad’s Board of Directors, that the | purchase was not necessary, and it had never been reported to the Inter- state Commerce Commission or been recorded on the books of the road. “That is one example,” Brandwen said, “of how the Van Sweringens dealt with the money of investors dur- ing the depression period.” He said about a third of the stock later sold at a loss of $800,000. | LOW BARGE RATES | OPPOSED BY ROADS Insist Joint Charges Equal All Rail Tariffs Between Same Points. By the Associated Press. NEW ORLEANS, March 21— Trunk-line railroads, which compete with the country’s inland waterway traffic, contended at a rate hearing yesterday that “the public interest does hot require the continuance of joint rates with the barge lines that are any less than the corresponding all- rail rates from and to the same points.” This contention was advanced by attorney of the Illinois Central Sys tem, who acted as spokesman for the rail carriers at the opening session of an Interstate Commerce Commis- sion inquiry into the joint water and rail problem. The hearing, conducted by Exam- fner John H. Howell, was by representatives of nearly road concerned with freight movem.ent along or feeding intc the territory of the Upper Mississippi, the Tllinois, the Ohio, the Lower Mississippi and the Warrior Rivers nd by representatives of Eastern rail lines and Southwestern | traffic interests, and by the representa- | tives of the waterway operators, in=-| cluding the Government-owned Fed- | eral barge lines and private barge | lines. MANCHOUKUO GETS OIL TRADE APRIL 10 V. S. and British Protests Ignored by Japanese Foreign Minister. By the Associated Press. MUKDEN, March 21.—With Ameri- can and Brtish protests on the pro- posed Manchoukuo oil monopoly lying unanswered on the desk of Foreign Minister Koki Hirota, the wind-up of foreign ofl business in Manchoukuo was scheduled today to begin April 10 the date of the monopoly's enforce- ment. The text of an imperial ordinance ! published by the official Japanese news agency provides that dealers now in business, by applying to the govern- ‘ment before April 15, may be permitted | to sell their stocks in hand on April | 10 before closing their business. | Such permission, however, may be | refused, in which case the monopoly | will purchase existing stocks at the market price. Although an imperial ordinance is- sued at Hsinking, the Manchoukuo | capital, on March 20 nominally per- | mits foreign ofl companies to continue | their business even after enforcement of the monopoly, English and Ameri- can oil men claimed today that mo- | nopoly officials have methods of nulli- | fyging the value of this apparent con- | cession by forbidding Chinese agents ‘who do most of the retailing to receive supplies from foreign importers after April 10. This, it was pointed out, apparently | contravenes the Hsinking ordinance. Imports of American oil products in Manchoukuo for the first eight months of 1934 amounted to 11,261,000 yuan. The yuan is about 31 cents in United States currency. IFONLY MORE WOMEN K.NEW AN O Regularity is the secret of health. When Nature re- laxes, HEXASOL will re- store normal action and clear your system of those accumulated poisons that lead to constipation, colds, headaches, nervousness and sluggishness. HEXASOL performs its . duty the way Nature does, safely and gently, and of- fers quick relief. HEXASOL is not habit forming. You Can BE SURE of Hexasol For 25 years physicians have recom- mended this safe saline, effervescent laxative. (Contains no Phenolphthalein). In its convenient powdered form you can increase and decrease your doses as desired. | izing his own band of troops and en- O’Flaherty Tells Race Horse Story in “This Unique Twist to Yarn by Celebrated Novelist. Shell-Shocked in War, Spent Latter Years Adventuring. Americans who have won in the Irish Sweepstakes should know that an Irishman knows horses. Liam O'Flaherty, celebrated novelist, ad- venturer and lecturer, tells a race horse yarn with a unique twist for readers of This Week, in next Sun- day's issue of The Star. It's about a tip that came right out of a horse's mouth—almost. If you don’t believe it ask the famous raconteur, Mr. O'Flaherty. As a lecturer and conversationalist | Mr. O'Flaherty is amazing. He can| talk for hours on any number of sub- jects, with fascinating charm and a zeal that seems tireless. He Is excep- | tionally able as a mimic, and the per- sonality, verve and humor that ac- companies his talk is famous. ! Born in the Arran Islands, County Galway, Ireland, in the last decade of the nineteenth century, O'Flaherty was brought up in the midst of the atmosphere of flerce patriotism which characterized the period. He attended a Jesuit college, where for a time he studied for the priesthood, but later went to University College, Dublin. His rather violent sense of justice and his spirit of adventure led him to join the Irish Guards at the beginning of the World War, to go to the aid of Belgium. His family was decidedly opposed to his going. but he enlisted under an assumed name and went off to the front. When shell-shocked & year later | O'Flaherty returned to find Ireland swept by the spirit of revolution. Skirmishes and disorder were every- where. O'Flaherty immediately fell into the swing of the rebellion, organ- | joying to the utmost the current ex- citement with which all Ireland had been aroused. As soon as affairs be- came a little calmer there the young | adventurer took himself off to distant parts and spent the next few years in South America, Canada. Asia Minor— anywhere he could find a makeshift | livelihood, or a fair amount of excite- ment. After a few such adventurous years, Lanvin or Schiaparelli ’rOCLs d(”c've Mme. Irene foundations! ALL-IN-ONES AND GIRDLES Made exclusively for Whelan's Your new Parisian gown can be only as smart as your founda- tion permits . . . Mme. Irene modulates the hips, suppresses the derriere and CONTROLS the figure SMARTLY. ..$16.50 ...$15.00 All-in-ones . Girdles . The Woman's Speciality Shop 1105 F Street THE EVENING STAR, WASHINGTON, stories. No doubt the popularity of his work has been due to the fact that he has lived practically every- thing he writes. He is now famous for his first novel, “Thy Neighbor's Wife,” published in 1924. He is the author of many volumes of short stories, and several success- ful novels. Most of his work is writ- ten about revolutionary Ireland, all of it is replete with his own experi- ences, and the flerce realism of life as he has found it, not only in Ire- 1and, but all over the globe. O'Flaherty is a great admirer of Hemingway and Dreiser, and claims to be a realist himself, although some of his early work showed marked strains of mys- ticism. “The Martyr” and “The Puri- tan” are his latest novels, earlier ones are “Two Years,” “The House of Gold,” “The Assassin,” and “The In- | former,” for which Mr. O'Flaherty | was awarded a French literary prize in 1926. His short stories include “Spring Sowing,” “The Tent,” “Red Barbara” and other volumes. Actress Sought in Traffic Case. LOS ANGELES, March 21 (#).—A bench warrant for the arrest of Fran- ces Drake, screen actress, was issued yesterday when she failed to appear I"‘ a West Los Angeles Municipal A | Court to answer a charge of driving O'Flaherty began his writing, and was | on the wrong side of the highway almost immediately successful with | and the publication of his first novels and | card with her last January 20 Week” Sunday LIAM O'FLAHERTY. failing to have an operator’s D. C, THURSDAY, MARCH 21, 1935. OHIO COURT RULING |3zt euos swoo ot onio -] Widow Scle Benefiry. ROCKVILLE, Md., March 21 (Spe- Mary Elizabeth Davis, | t0 probate here and which names her CURBS BOND ISSUES Cities fo State Must Submit In- debtedness Plans to Vote if Over 10 Mills. By the Associated Pre: COLUMBUS, Ohio, March 21.—A State Supreme Court decision yester- day was interpreted by attorneys as nearly wiping out, except for bond issues approved by popular vote, the by DONOHUE «— Many other political may also be affected. The decision, given in a Portsmouth case, prohibits the issuance of any bonds not voted, when the total yearly debt charges on such outstanding issues of all character would equal or exceed the State 10-mill constitutional tax limitation. In the opinion of attorneys, most municipalities, particularly the larger ones, will be prohibited by the decision for many years from issuing even special assessment bonds without a vote of the people, as it generally is believed the maximum already has been greatly exceeded. _ DERBY BRAND i Peanut Butter The One Best by Any Test 12-0z. Jar Peanut Butter, 29¢ Derby cooked meats in glass, ready to serve, means freedom from em- barrassment when impromptu meals must be prepared at a moment's notice. Why not have an assortment of Derby meats in your pantry. Magruder Inc. Best Groceries M and 18th Sts. N.-W. | Phone District 8250 Estab. 1875 | subdivisions #* B9 cial) —Mrs. widow of the testator, B. 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