Evening Star Newspaper, March 22, 1935, Page 4

A—4 ¥kx THE EVENING STAR, WASHINGTON, D. C, FRIDAY, MARCH 22, 1935. First Vote on RAILROADS HELD T00L OF BANKERS Lawyer Tells Committee Line Was Forced to Buy Stock. By the Associated Press. Testimony that Speyer & Co., New York bankers for the St. Louis- San Francisco Railroad, “forced” that road to purchase through a joint ac- | ,’g:‘f“fl,fig;:) count 275,000 shares of common stock | g:lrlu;‘Mon 5 in the Rock Island Railroad in 1927, | (Pa. with subsequent profits for the bank- | 5?:3,‘3?5?1"&’::".‘ ers and a “great deal of harm” to the “ T Frisco, was given & Senate committee | Biehoean \Tek) today by J. L. Kraus, New York | Caldwell (Fla) lawyer. Eannon (W) Kraus, who said he represented a Carpenter (Kan.) group which petitioned for a receiver- | SajicioX (Ga) ship of the Frisco in 1932, told the | Interstate Commerce Committee mmcnm,n R was but “one illustration” of how the | Colmer Miss.) railroads had been “used” by bankers | SoniSHy |Mass) for stock market speculation and | Crosby (Pa.) another reason why the committee | SF9ss,(TeX) | should approve the Wheeler resolution le ) for an investigation of railroad financing. Director Named. He asserted the Frisco, now in trus- teeship, had been prevailed upon by Speyer & Co. to make E. N. Brown | Doxey (Miss.) & director and subsequently chairman | Brigco! (Pa) of the board. In December, 1925, he | Duncan (Mo.) added, 275.000 shares of Rock Island | Bund |Miss) were purchased “without the knowl- | Escle iTex) edge” of President J Kurn of the | Focibol 1. va) Frisco and for the “os (*nsnh]e purpose” | Eicher (lowa) of an ultimate merger. o | Ellenbogen (Pa.) He said one-third of the shares | were purchased for Speyer & Co., and the Frisco took two-tRirds, paying | Fitzpatrick (N Y.) £10,000,000. The whole block amount- | Elsichier (Onio) ed to 37!; per cent of the Rock Is- | Fulmer (8. C.) land’s common, enough to ‘“corner’ the market. Kraus said. Sale Profit Cited, In addition to its commission, Speyer & Co. was given $1.25 a share extra, he said. Previously, he added, Speyer & Co. had purchased 11,000 | SIECn¥aY, (Ariz) shares on its own account when the | mm.nm (Ind.) price was lower and sold them in | Haines (Pa) o January, 1626, at a 15-point profit on | Healey (Mass) the day the Higeins (Mass.) ratified. By the Associated Press. Here is the detailed House vote last night on the proposal to substitute the Patman bill for paying the bonus by issuing $2,000,000,000 in new money: FOR PAYMENT BY INFLATION—202. Democrats—171. Knifen (Ohio) Kramer (Calif.) Larrabee (Ind.) a (Calif.) Lee (Okla ESSinent atich ) Lioyd (Wash.) Luckey (Nebr.) McClellan (Ark.) McCormack (Mass.) McFarlane (Tex.) McGehee (Miss.) McGrath (Calif) McKeough (TIL} Adair (1L, Mansfield Martin (Colo.) Massingale (Okla.) Maverick (Tex.) Mitchell (IIL) Monaghan (Mont.) Monete (La.) Moran (Me) Moritz Derouen (La.) Dickstein (N, Y.) Dies (Tex.) Dingell (Mich. Dockweiler ‘cuhr» Dorsey (Pa.) Parsons (111} Patman (Tex) (Kans.) Batton Pres s Peterson 1Ga ) Pleifer (N Y) Blerce (Qrez) Quinn (Pa Rabaut Mich ) Ramsay (W _Va) Ramspeck Randolph (W Va.) Rankin (Miss.) Ravhurn (Tex.) Richards (S. C) Robinson_1Utah) Rogers (Okla.) Fernandez (La.) Rogers (N, H.) ) Sadowsk! (N Sanders (Tex.) Sandlin (La.} Schuetz (IIL) Schulte (Ind.) Scott (Calif ) Scrugham (Nev.) Bears (Fla ) Granfleld Secrest (Ohio) Gray (nd) ) Gray (Pa Grten ¥l 275,000 transaction Was| gildebrant (8. Dak.) Thomason (Tex) ém '31‘1‘1‘"\‘\'“ "nm) : T;"::D‘En\ S | While the Frisco held on to its| §tm il (3 % (OhiD} A | Hoeopel (Calit)” Truax (Ohioi | stock, Kraus said, Speyer & Co. “sub- | Hook (Mich.) sequently sold most of their 92,000 | jouston Kan) shares at a time when the price rose 5nnnnfln 49‘_0.! » Son_(Te. from $60 to $130. | Johnsor (Tex.) When the Frisco obtained control or Keller (Ill.} the Rock Island, he added, Brown | Kenneds (M was made chairman of the fatter's| Kerr (N. C.) Executive Committee at a salary of | Klebers (Tex.) Ite; Wearin (awa) Weaver (N. C) Werner (S D.) White (Idaho) Wilson (La.) Zimmerman (Mo.) Republicans—21, Burdick (N Dak) Mass (Minn) \(lrlwcn (Kans to (N Stefan (Nebr ) Thurston_(Iowa) Turpin_(Pa.) Wolcott (Mich.) Wolverton (N. J.) 450,000, & post that had prior to that | time paid no salary. Crawford (Mich.) | Dondero (Mich.) Ichrist_(Iowa) WINS INSIGNIA CUNTEST;“““’ G Konison “1iian.) | Lambertson rlgln- ) D. C. COMMERCIAL (CIAL ARTIS | Beite Lemke (N. Frank B. Cook, Washington com- mercial artist, has been awarded first prize in a national contest for an air transport insignia conducted by Cen- tral Airlines, it was announced here today. ~Homer Saint-Gaudens was | e chairman of the board of judges | | Grhmur ‘vm) which selected Cook's design from | Hull (Wi Hrr_!;\:z 50310 d;’fl“'ilnzs ’Summmd3 AGAINST PAYMENT BY INFLATION—191. ree other local designs were in- . s 1 cluded among the first 10 prize win- | gy n (. C“:"""'K';;m:m“n igonn) | ners. They were submitted by Junior | Beam (i), mbeth (N. C.) ter ) ;:éh;fizd' Annie Marton and J. E. gfirfé.m‘; dowa) 3 lagd ( The 10 prize-winning drawings are | Bloom (N ) to be submitted to the Bureau of Air | Boied (Poo Commerce for selection of one of | them as an insignia for all American | air transport lines. FRESHMAN FROLIC SET G. W. U. Grand March to Open Dance Tonight. ‘The annual freshman frolic of George Washington University will be held this evening at the Kennedy- | Warren at 10 p.m | Hood Hoover. escorted by Lewis| Baten, (V) Lloyd, president of the freshman | Dear (La.) class, and Suzanne Martin, escorted by | Sf!;‘,?#".éfx.‘f” William Rochelle, social chairman, | Bobbins L™ will lead the grand march previous to | Drewry 1 the dance. Prof. and Mrs. Robert Thorndike, Representative and Mrs. Wesley Llovd and Mr. and Mrs. William J. Rochelle have been named chaperones. Farmer-Labor—3, Buckler (Minn.) Lundeen ' Kvale (Minn.) Progressive: (Minn.) Sauthoff (Wis) Schneider (Wis.) Withrow (Wis.) Buckley (N. Y.) Bulwinkle (N.'C) Burch (Va ) Byras (Tenn) Carden_ (Ky. Garmichael “(Ala) Ky Mitcneis ‘Frenn Montague (V. O'Leary Oliver “(Ala.) Schnefer (11} tanley (Conn,l Sisson (N, Y. Sullivan (N Y) Sutphin (N. J.) G. A R. DATES SET Hill (Ala) Utterback (Towa) 171 Democrats, 21 Republicans, 7 Progressives and 3 Farmer-Labor House Members Favor Payment by Inflation Plan. | MRS. CHAPIN TO FILE | tal without first paying her bills. {in their home and disconnected the | divorced when she refused |and grandson of a former president | of the General Electric Co. Patman Bill NEW WORK-RELIEF DELAY IS FEARED Leaders See Danger in Close Vote on Borah Anti- Trust Law Proposal. ___(Continued From First Page.) Republicans—78. Hollister (Dhio) THolmes (Mass.) Jenkins (Ohio) Kimball (Mich.) Kinger (Pa) Lenlbach (N ) Lord (N McLeod ‘Vllch ) Mapes (Mich.) arshall (Ohio) Martin ‘Mass.) Merritt (Conn.) Mlthener wwcn? Allen (Il vg (N Aends ‘il Bacharach (N. J)) Blackney ‘Mich.) and the Progressive, La Follette of ‘Wisconsin. The roll call follows: For the amendment—33. | Democrats, 18—Adams, Ashurst, Black, Byrd, Clark, Copeland, Fletcher, Glass, Gore, King, Maloney, McCar- ran, McGill, McKellar, Smith, Thomas, | Oklahoma; Tydings, Wheeler. Republicans, 14—Barbour, Borah, Capper, Dickenson, Frazier, Gibson, Hastings, Metcalf, Norbeck, Nye, Schall, Townsend, Vandenberg, White. Farber-Labor, 1—Shipstead. Against the amendment—43. Democrats, 35—Bachman, Bank- head, Barkley, Bilbo, Brown, Bulow, Burke, Byrnes, Connally, Dieterich, Donahey, Dufly, George, Harrison, Hatch, Hayden, Logan, Lonergan, Minton, Murphy, Murray, Neely, | O'Mahoney, Pittman, Pope, Radcliffe, | Reynolds, Schwellenback, Sheppard, Thomas, Truman, Van Nuys, Wag- Christianson (Minn.) Church (1lL.) Cole (N. ¥, Collins (Calif.) Cooper (Ohio) Culkin (N. Y.) Darrow Rogers (Mass.) Short (M) Snell (N Y0 Taber (N. Y) Taylor (Tenn) Thomas (N Y.) Tinkham_ (Mass.) Tobev (K. H) Treadway (Mass) welch' (Ca Wicelesw nrll\ r\hxs\ Focht (Pa.) Gearhart :cahn ) ¥ Hess (Mass.) Higgins (Conn ) Wolfenden (Pa) Hoffman (Mich) Woodruff (Mich.) VOTING PRES| gox, B-Gu), Daly «D.-Pi Ford (D-Calit) Ko 1) Lanham ‘D.-Tex) Sumners (D.-Tex.) PAIRS—12. Slr'\nrl (R.-Del.) for. with Wadsworth [} Y.) against: Lamneck (D -Ohio) far” wan Wiiton R —pa‘lacainst: Sabatn | ner, Walsh. (D.-IIL) for. with Fish (R.- + agains! e " Cattwreht (D -Okia» for. with Crowther | Republicans, ~7—Austin, Couzens, ‘R-N. Y.) against: Zioncheck (D -Wash) | Cutting, Hale, Keyes, McNary, Steiwer. for with Bacon (R-N. Y) againsti Progressive: 1--Ta Follette: O'Malley (D.-Wis) for, with O'Day (D.- La Follette Plan Defeated. R OR Not votine Earlier, the Senate had defeated the alttempt by Senator La Follette, Pro- gressive, of Wisconsin to increase the total in the bill by $5,000,000,000 to TWO SU'TS |N CHICAGO $9,880,000,000—rejected with only eight votes recorded for it. i et Meantime, rumors that none of the Society | relief bill money would be spent for | municipal power plants and that New York City had given up its plans for a power plant had boosted utility stocks. However, Mayor F. H. La Guardia | Mary | of New York reiterated that the city Who | would submit an application for Fed- once left Chicago and the “400” she | era] funds to erect a power plant as branded “washtub aristocracy.” 1S| soon as the “application is ready.” planning to return from Mexico,| At P. W. A. headquarters, Henry T. D. F, soon to file suits for a divorce | gyng, general counsel, when told of from Humphery Chapin, and for | the utility stock rise on the rumors, $500,010 alienation of affections ' gqiq against her mother-in-law, Mrs. E. wgecretary Ickes has not informed | en of Buffalo. N. V. her at-| me of any change in the P. W. A's| Samuel A. Rinella, announced | policy of making allotments for munic- ipal power plants under satisfactory | conditions and I do not believe there has been any change.” At about the time the stock rise re- ports reached the Senate, it voted down without a roll call vote an amendment by Senator Bone, Demo- ‘ crat, of Washington to authorize loans | Since the order has been signed. | o States and municipalities to acquire | Rinella said he was informed, Chapin | privately owned power systems to and his mother have been besieged | create a market for power from big by collectors. process servers and | Federal projects. lawyers, they have locked themselves| Senator Byrnes, Democrat, of South Carolina, told the Senate before the vote that, under the $900,000,000 allo- cated for loans and grants to States to live | and political subdivisions, such loans longer in Chicago, where she said at | could be made without a specific the time she felt society had failed | amendment. to accord her sufficient recognition. Extension of the Civilian Conserva- She settled in Europe and some time | tion Corps for two years from March later married Chapin, Yale graduate 30 as proposed in an amendment by Senator Walsh, Democrat, of Massa- | chusetts, earlier was voted into the o5 e Lawyer Says Former Leader Seeks Divorce and $500,010 Heart Balm. By the Associated Press. CHICAGO. March 22.—Mrs. Alexander Dahlberg Chapin, Mrs. Chflpln will charge cruelty in her suit, Rinella said. She told him, he said, her husband and mother-in- | law are virtual prisoners in Mexico City as a result of an order forbid- | ding them to leave the Mexican capi- telephone. Mrs. Chapin and Dahlberg were A Bank for the INDIVIDUAL The Morris Plan Bank offers the INDI VIDUAL the facilities of & SAVINGS BANK with the added feature of offering s plan to make loans on a practical basis, which enables the borrower to liquidate his obli- gation by means of weekly, semi- monthlv or monthly deposits. MORRIS PLAN BANK Under Supervision U. S. Treasury It is wnot meces- sary to have had an account at this Bank in order to borrow. Loans are passea within a day er two after filing application—rwith few exceptions. MORRIS PLAN motes are usually made for 1 year. though they may be given for any period of from 3 2o 12 months. $1,200 $100 $6,000 $500 GRAND RAPIDS, Mich,, March 22 (/) —The national convention of the Grand Army of the Republic and its | allied organizations will be held here September 8 to 14, Alfred E. Stacey of Elbridge, N. Y., national G. A. R. commander, announced yesterday. Stacey told Convention Bureau offi- eials preparations should be made to accommodate 4,000 to 6,000. — - Play to Be Presented. A special performance of “The Royal Family” wlll be given tonight at 9 o'clock at the' Arts Club, 2017 I street, Harold Allen Long. chairman of the club’s Dramatic Committee, &nnounced today. HSLRRRRRRY DAILY SPECIALS SATURDAY AND SUNDAY MARCH 23RD AND 24TH PURE ¢ANDIES Chocolate Covered Thynmints 50¢ Value—fall, Chocolate and Vanilla Cocoanut Kisses 17 40¢ Valae—sall pomd 1T Milk Chocolate Cashew Nut Clusters 29 ¢ 60¢ Value—ful pound Very Special Assorted e Velea o soins SAE Home Made Chocolate 19 Aongel Cake 40¢ Value 193¢ AT THE FOUNTAINS D e 3 288 Caramel Sundae reguiar 15¢ 10¢ d Cofi' Dundee Cake an: “zu 1°¢ Strawberry Qe-mSod.l i tow nul-ru'm¢ Pint Loft lee Cream reguler 25¢ 1 Tin Chocalate -] 18 _fipmm-nu near you 1107 F St. N.W. 3102 14th St. N.W. 3115 M St. N.W. 800 7th St. N.W. 1103 H St. N.E. Hobbs (Ala.) Huddleston (Ala.) I Yil.) Imhoft (Ohio) Jenckes (Ind.) Vinson (Ga.) Vinson (Ky)) wmmnunn !Mlsl) Wilcox (Fla.) Williams (Mo.) Young (Ohio) pona 28¢ 0! Richard Prince Satisfies the taste and fit and quality of the custom-tailored man Open a charge account—settle- ments may be made monthly; 1408 H Street N.W., Washington, D. C. “Character and Earming Power Are the Basis of Credif® They are made with meticulous care by bench-men who are needle experts—and we have put into their hands exceptionally fine fabrics. SUITS—Single and double breasted; worsteds in pencil stripes, sharkskins, ete., and sports models in Scotch chev- iots and imported shetlands—$29.50. TOPCOATS in balmacaan, belted polo and raglan designs—made up in genuine Worumbo and Andes alpaca— the warmth without weight weave— $29.50. New Jockey Shorts The abbreviated shorts—full of comfort. S0c Shirts to Match—S50c Finchley Hats The hat that exactly suits young men—exclusivelyshere. Y Special Stetson Blocks—$6.50 r .on our 12-payment plan. Memory Machine Aids Police William J. Quinn, chief of police of San Francisco, inspects Harold Highstone’s “remembering machine.” The instrument, once it has been “told"” to remember, gives a “reply” in less than two seconds. Its chief use is to detect automobiles wanted by the police. To use it, a pattern is first punched out, containing the license plate of the car sought; then an officer, stationed at a spot, such as a bridge, manipulates the eight-rowed keyboard, recording each number as a car passes. When a car sought appears a bell rings and & lamp lights. The machine .has other uses, such as finding serial numbers of money, comparing sets of fingerprints with every print on file and determining whether a suspect is on the list of known criminals, through the Bertillon system. It will “reply” to a recorded word, sen- tence or number once they are recorded on the machine pattern. The inventor, Harold Highstone of Oakland, Calif, is shown at the left of Chief Qumn —Wide World Photo. ORDERED TO CAPITAL bill, which earmarks $600,000,000 for | the expansion of that agency | ‘The Senate also adopted an amend- ment by Senator Steiwer, Republican, of Oregon. to give eference to American goods in the purchase of materials for public wor to Army Engineer. Maj. Robert G. Guyer, Engineer Corps, has been ordered to Washing- ton for duty as assistant to the Army engincer for this area, it was an- nounced today ment Maj. Guyer now is on duty as a student at the Command and General Staff School, Fort Leavenworth, Kans He is to come here for duty about July 1, following the completion of | his course. Youth Seen Spurning Dancing. | TULSA, Okla., March 22 (#,.—Dr x-: C. Routh says Baplist young peo- “are looking for finer ddn(lni{ " A poll, vention yesterday, unbelief” in such terial life” They entertainment.” “frive “do not need such There’s Face Value in Rimless Glasses Eye Examination Included ; (,nmplrlz) See yourself as others see you and you'll prefer rimless glasses. This new style made with white lenses in any single vision required at this very rea- sonable price. Eye Examination Included Staff of Licensed Optometrists OPTICAL DEPT.—§TREET FLOOR—USE YOUR CHARGE ACCOUNT 1860 1935 LANSBURGH'S 7in-8m & €-STREETS NA-9800 g REPRINTED FROM THE STAR, MONDAY, MARCH 18, The Mode—F at Eleventh | Maj. Guyer to Serve as Assistant | by the War Depart- | | at the close of the fashion fiesta by a demonstration of exercises designed to PARADE OF FASHION |2yttt ATTRACTS 10,000 = i 2% i CLUB TO HOLD PARTY Concord Group Will Drink Bock Beer at Fete. An old-fashioned German bock beer party will be held tomorrow at 8 p.m i the Arcade Building, Fourteenth street and Park road, under the aus- pices of the Concord Club, according to its president, Hermann G. Winkler. The club quarters will be decorated attractively and the Ladies’ Singing Society will be costumed in native German attire. Dancing will be held to the tunes of a German band. - “Grave” Proves Turnip Crop. TULSA, Okla., March 22 (#).—Offi- cers, acting on a tip in their search for a missing woman and child, rushed to a field to investigate a re- cently dug “grave.” They uncovered a farmer's cached turnip crop. * * Ball' Room Space at Mayflower Jammed at Connecticut Avenue Displays. Connecticut avenue's shops poured forth their wares in profusion yester- day afterncon st the Mayflower Hotel | in the semi-annual fashion parade of | the Connecticut Avenue Association An estimated 10,000 crowded into all the hotel’s available ball room space to witness the parade of blue crepes, green taffetas, ‘vhite chalky crepes covered with flowered prints nets, chiffons, navy blue and red afternoon aresses and tip-tilted turbans, all suitably ar- ranged upon a troupe of imperturbable | mannequins of the blond, the brunette and the carrot-topped persuasions | Furs, shoes, antiques, jewels, bank- ers and automobiles were displayed in booths on all sides of the rooms. Cherry blossoms, palms, carnations and orchids were visible on all sides An inspirational note was sounded * * * let's have a talk about this Budget Plan Business and what it's all about It's a simple plan: You make a selection—a hat, shoes, suit, topcoat or any- thing—and we add up the purchase and divide the payments into 10 or 12 amounts payable weekly We introduced this to Washington over seven years ago. The new value line 1or 2 Pants Suits 25 You'll like the patterns and the models are “right” for 1935—full chested, shir- red back and bi-swing styles. How's this for Clermont Suits $35 Famous Names MANHATTAN SHIRTS PACKARD SHOES INTERWOVEN HOSE FAULTLESS PAJAMAS TROJAN NECKWEAR McGREGOR SPORTSWEAR SWANK JEWELRY HICKOK SUSPENDERS Mallory Hats $4 —all on the budget plan at