Evening Star Newspaper, April 14, 1935, Page 22

B2 =« FURTHER DIVIDEND INPARK BANK SEEN Payment of 15 to 20 Per| Cent More Eventually From Assets Expected. -— | Depositors of the Park Saving | Bank. who sull are fighting in court | to extract from directors and other | stockholders of the bank as much as possible of more than $1,600,000 loss in this institution, probably can be | paid eventually from 15 to 20 per cent more out of the assets now in the bank. This was disclosed vesterday John F. Moran, receiver, in his qu terly statement of the condition of t Park Bank, which included for the | first time an estimate on the remain- ing assets. These assets which are | given a book value of $1453.117.54 | are listed at an “estimated value” of | $520,000 | 25 Per Cent Already Paid. I Already depositors have been paid ! a dividend of 20 per cent, which up to March 31, had amounted to $557.- 44341, in addition to an original 5 per cent disbursement, to those per- sons who had failed to get out their 5 per cent when the bank was re- stricted before the President’s bank- ing, holiday in March, 1933. An ad- ditional 15 or 20 per cent would thus bring the dividends to depositors up | to 40 to 45 per cent of their total | deposits. Should the receiver or the deposi- tors. or both, succeed in getting more funds out of the directors or stock- holders, this would increase still fur- ther the dividends available to de- positors. Several suits are pending in co against the directors and | stockholders i ehbank thourowediireomt e me- | construction Finance Corp. in order | to pay the 20 per cent dividend aj total of $264,200. report shows, but has paid back 500 of this, Jeaving a debt to the R. F. C. of $125,700. plus interest The bank had a large secured and preferred liability item, which had to be paid in cash, in the sum of $753,- 7239, in full Depositors District jurists as they MOFFETT 15 DUE TOREMAINON JoB Roosevelt Believed Ready to Keep F. H. A. Head for Present. unsecured liabilities for - committee investigating mortgage refinancing. table: Associate Justices William Hitz, Court of Appeals; James M. Proctor (the stenographer), Jesse C. Adkins, Oscar R. Li which receivers cates have been issued. total $2.782,884.99. but there is a large item of $219,531.48 represent- ing deposits which depositors have not as vet claimed The fight over stock Assessment has resulted in small collections from the §100,000 assessment levied against the directors and sto olders by the receiver and e Controller of the Currency. Only $1.200 has been paid, and the receiver lists the estimated valuz of the remaining unpaid stock assessment at “none.” for the present. From the Court of Appeals a de- cision is expected in the case in which the Treasury Department and receiver joined with depositors in at- tempting to hold the directors liable both as “liquidating trustees” and “copartners.” $1,600,000 Shortages Found. When the bank failed to reopen By the Associated Press Although he wants to quit soon James A. Moffett may remaia for quite a while as Federal housing ad- ministrator. MofTett returned yesterday from De- troit. and hoped to see President Roosevelt almost immediately. He did not. however. secure an engage- ment. but it was said he probably would discuss the situation with the President within the next few days. Priends of the former Standard Oil official said there was some doubt that Mr. Roosevelt would let him go at this time. With definite word that Moffett plans to retire there was inevitable speculation as to his .successor. It was recalled that Harry L. Hopkins, relief administrator, was discussed as probable head of the housing admin- istration when it was originally in the THE SUNDAY appeared yesterday before a speclal House Left to right, at left of ng, and Chief Justice STAR, WASHINGTON, Alfred A. Wheat of the D. C ‘4;0(;0,009 Loafin {_: Children Held Menace t i By the Associated Press CHICAGO. April 13 —Four mill children have been forcec into a 1 of idle lonfing and are becoming a menace to society which only a radi- cal modernization of the Nation's high ols can correct, President H. L th of the Nationa cation As- tion, dean of education at Indi- id today. ren are enrolled in but 50 ana University. Si1x million c! 23,000 seco: $.000.000 m @ ituation ere to avoid “mental and moral degencracy.” Dr. Smith said, “there is no alternative—secondary education must be provided for 10,- 000,000 youtk “We wer omic not alarmed or disturbed over the situation while a machine absorbed those on the lower economic level.” he told the North Central # sociation of Colieges and Secondary Schools. “Now PER CAPITA DEBT this large section of our if the Society | youth, their pathway to Industry blocked, forms a menace to soclety, & menace that can be lightened and moved by a secondary school pro- ram * designed to develop latent talents, create constructive and active citizenship and communityship ‘and to bulld habits of recreation, ap- | preciation and enjoyment.” ‘ | He was sharply critical of the slow- motion progress of high schools out of their clessic past “High school pupils wade through intricate Latin declensions, trouble- some French irregular verbs and com- plicated algebraic and gcometric solu- tions.” said Dean Smith “The intricacies of the social and economic life are not more difficult and an understanding of that life es increasingly greater promise of profit to the Nation. Political graft public selfishress and hypocrisy exist because of the indifference of citizens Let us trair our future citizens to an alertness of local life.” .0.P. DEMANDING Supreme Court. justices, are: Chairman Sabath, Representative O'Malley and Representa- tive Djrksen, members of the committee Story on Page B-1. D. C., Judges Testify in Mortgage Hearing At the right, facing the APRIL 14, 1935—PART ONE. NEUTRALITY BILLS FACE QUICK ACTION Pittman Veers From Move, However, Which Might Entangle U. S. By the Associated Press. s Veering away from s proposal that he said might raise the League iasue again, Chairman Pittman of the Sen- ate Foreign Relations Committee yes- two other measures intended to safe- guard American neutrality. Pittman’s committee will take up this week the Nye and Clark resolu- tions to impose a virtual embargo on private loans to warring nations and to keep American citizens out of war- affected zones by refusing them pass- ports. Pittman, Democrat, of Nevada, saw little to prevent a quick and fa- vorable report of both. Other legislators, meanwhile, were preparing measures that would em- power the President to declare out- right and general embargoes on mu- nitions shipments. Among them was a resolution to authorize such embar- goes in agreement with other coun- tries, directed at “aggressor nations.” Last Has Little Chance. terday predicted speedy approval of | Gassaway Adopts Bodyguard of Boys, .‘Out-Hooeying’ Long By the Associated Press. Representative Gassaway, for- mer cowboy from Oklahoma, who says he has been trying to “out- hooey” Senator Long of Louisiana, appeared yesterday with a “body- guard” of four small boys armed with cap pistols. Trying a take-off on Long's bodyguard, Gassaway performed today for cameramen by walking down the Capitol steps sur- rounded by his four “protectors.” He stopped and remarked: “Now that I've started this fight against Senator Long and ‘Wall Street, how about trying out our guns?” The quartet—averaging all of 10 years of age—flipped out long, blue-barreled cap pistols and popped away. Gassaway had enlisted his son Jim, one of the youngsters of Rep- resentative Sweeney of Ohio, and a couple of House pages. Nye and Clark resolutions, introduced earlier last week, were referred to the Foreign Relations Committee. Pittman said yesterday he w | rothing to prevent a prompt report’ on the resolutions. They are well understood to have the backing of the White House and State Depart- nd to form a part of recom- lons for neutrality recom- mendations which the latter is formu- lating. Although they touch directly upon “ Pittman sald he saw little possibil- ity that the latter proposal would be —Star Stafl Photo. FEDERATIONO.K.S PLAYEROUNDPLAN Education Committee Re- port Accenting Program of Council Approved, The Federation of Citizens' Asso- ciations went on record last night as approving a report of its Education Committee, which had accepted the plan advocated by the Commissioners’ Advisory Council on Playgrounds and n. The cation Committee had ommended that the “immediate direc- tion of the recreational activities of the city should be placed in the hands of a single, full-time director of rec- reation, charged solely with the per- formance of the necessary duties for maintaining a public recreation pro- gram under supervision of the recrea- tional agency created.” Such an executive should devote @il his time and attention to these du- ties. rec- Nine Members. Proposed. | By midweek | the enacted. He predicted that it would raise once more the whole question of the League of Nations and of avoid- ance of foreign entanglements. Despite direct pressure, Mr. Roose- velt was unable to obtain Senate ap- proval this session for American ad- herence to the World Court The Senate Munitions Committee of which Nye, Republican, of North ocrat, of Missouri, a member, yester- day arranged to question Ben Smith Wall Street operater, tomorrow. The S-nate Banking Committee tried un- successfully for months to place Smith or. its witness stand when it was in- vestigating stock market practices too, if the atrike at Colts Patent Firearms Co. has not heen settled. Nye intends to ask President Roosevelt if there i« any reason why the commitee shou nor proceed with its investigation of company. Held Up So Far. Meanwhile, the inqui: held in abeyance at the the Chief Executive, who feared tha: such an investigation might impede the efforts of Federal mediators negotiate a settlement of tne stril It developed yesterday, too, that the Munitions Committee has been asked and has agreed, to keep hands off the neutrality question on the ground that it more properly falls into the field of the Foreign Relations Com- mittee. No difficulty developed in connec- tion with the request. The Munitions Committee members readily acquiesced and interposed no objection when the Dakota, is chairman, and Clark. Dem- | B ————— {two points which many have con- | tended led to American participation | in the World War—Iloans to bellig- erents and the death of American citizens in war zones—the subject of neutrality goes far beyond them The aged and knotty question of freedom of the scas also is involved The State Department’s recommenda- tions, to be submitted soon to the President, may include proposals that American sl 5- port cont even tha hibited from MOTHER ARRAIGNED IN BANK ROBBERY Bergie hh;;a: A : h Raym ton in Mi spiring Wi By the Assac.ated Press. PRENTISS, Miss prove that Bergie J vear-old mother, conspired Wi desperado, Ravmond Hamilton, rob the Bank of Blountville, - tiss. on March 28, the State today arraigned the woman on charges of “robbery with firearms.” Mrs. Johason, whose turbulent life reads like a chapter from a novel pleaded “not guilty.” The offense could bring a death sentence in the event of her conviction before a jury. RECREATION GROUP 10 CALL ON KING Senator Seeks Smooth Pro- gram for Unified System in Capital. Senator King, Democrat, of Utah, will discuss Washington's recreational problems Wednesday with the new | District of Columbia Recreation Committee, headed by Frederic A. Delano. | The meeting is to be held at 12:30 pm. in the Senate District Committee | room. The Senator is chairman of the Congressional Committee, and is in- | terested in threshing out the various wrinkles in the program, designed to | establish a unified recreational system {here. Delano’s committee is now ac- cepting applications for the post of | superintendent of recreation, but no closing date for this has yet been an- nounced. Discussed Yesterday. Delano, who s chairman of the National Capital Park and Planning Commission, discussed the recreational situation with Senator King yesterday. The Senator also is a member af the planning group, by virtue of his c te District thering Wednesday discuss the genera tion here and w tion Committee is do Others on Committee. D ng with ee are B icat George E. Allen. or Gove Du Turkev Poults” 4e BECK'S HATCHERY. MT. AIRY. MD .~ THIRD OF BRITISH at the close of the bank holiday in making. and that Secretary Ickes had March, 1933. Robert S. Stunz. vice, clashed with the housing administra- president, committed suicide, and 'tion because it collided with his P. shortly thereaiter shortages of more W. A. low-cost housing projects. than $1,600,000 were discovered. | At one time he and Moffett had a The Departmental Bank, of which | public dispute which was patched up Moran also is rece has paid 80 | by the President. Both Hopkins and per cent in five dividends, and may | Ickes. however. are to be busy with still be able to pay between 5.and 10 ' public works and relief, and there per cent more, according to the | Seemed little likelihood that either | quarterly statement of this bank, Was in mind for the post. Some ob- Book value of remaining assets are ' servers predicted that the President listed at $356.471.34. but the “esti- | Would select another industrialist for mated value” of these assets is placed | the post. The housing administration at $53,000. is one of the most conservative of all i = the New Deal agencies. Its primary $3 PER LANDING | purpose is to interest private capital Flyer Settles for Coming Down |in construction through insuring | mortgages and modernization loans. The first phase of the housing ad- ministration plan—repair work—has in Wheat Field. geen declared by officials to have S | been successful. The second—new SHELTON, Nebr, April 13 (®.— | construction—has been slow getting The fee for emergency landings on started. Officials claim this is due Jonn Smc'»qs wheat field is $3. largely to the fact that capital has Melvin Sc ES’;I;"‘I{ ghua};.n. Pl heen shy about forming national mort- e of W. L. Spaulding of | cage association provided for under el vfll_\mn st »(fl; 1111‘2 the law to buy and sell insured mort- 8 he shif ol ages. hes 55 ions 3 Stock field. Stock appeared shortly, | poseq foT}ga“\": :;B%?%xgn:a[;s:ls;):d' Eé‘haxi(xcf«f?’nl:rféfc;?iffiif:’ m{.}f\ h;i" up to the present nong have been set ma nages. set- v @ up and qe e by private cram:al | Traction Workers to Strike. NAZIS TO SHACKLE “ OMAHA, Nebr., April 13 ().—Union ! employes of the Omaha & Council | NEW cREED FOES Blufs Street Rialway Co. voted 377 | to 12 in favor of a strike, effective | 4 am. Tuesday, R. V. Armstrong, . 2 international union representative, Adopt Policy of Showing No announced late today. H. M. Nelson, uarter i i president Jf the local tram workers' | Q 2 & Dls’greemg union, asserted approximately 600 em- | Clergymen. ployes would be affected i = | By the Associated Press. | Texans Elect Roosevelt'’s Son. | MUNICH, Germany. April 13.—A | FORT WORTH, Tex.. April 13 ().— meeting of all Nazi department heads | Elliott Roosevelt. son of President |in the famed “Brown House” here has | Roosevelt, was clected vice president | decided that no quarter henceforth | of the Young Danocratic Clubs of [£hall be shown the Nazi church op- Texas today by the Executive Com- | POsition, it was disclosed authori- mittee of that body. tatively today. | The heavy hand of the Nazi'regime | | will descend without mercy on the' | heads of all clergymen and laymen who oppose the regime of Reichs- bishap Ludwig Mueller. Hitler-ap- pointed dictator of Protestant churches in Germany Public Kept in Dark. This decision, which is being with- held from the German public for the Says Prison Isn’t So Bad present. was revealed to the Associated | Press by an unimpeachable authority. | as She Clings to Prin- | Four Hessian and two Saxon clergy- i’ | men, who have been taken to con- ciple Involved. et Woman “Innocent” Of Traffic Charge, Takes Jail T(’rm; | centration camps for their activities against Mueller, not only will not be | released now, bui their heads have By the Associated Press. | been shaved and they have been put SALT LAKE CITY, April 13.—Mrs. in regular prison garb. | Louise D. Wright. who went to jail| From the little that has leaked out for the week end rather than pay a | concerning the Nazi department chiefs’ $10 fine for a traffic violation of which | meeting, over which Rudolf Hes: she declared herself innocent, said | Hitler's personal representative pre- | today prison life wesn't fo unpleasant. | sided. Dr. Alfred Rosenberg's radicals “Jail isn't such a bad place, after apparently had things all their way. RUEhe ; Decision is Voided. “ se it's v 5 Offcouizellvs Mot IR Cdf This was true to such an extent that | g'.th;ugh the ministry of the interior hours to find herself in a cell with |decided April 9 to release the im- two other women—not sentenced on | Prisoned pastors, it has not been able traffic charges. to put its decision into effect. “When T awoke this morning I had| A few days previously, it was re- forgotten for the moment where I Called, Dr. Paul Joseph Goebbels, Eoehe said. “The first thing 1| Minister of propaganda, prepared the | saw was an old dirty mop in one atmosphere for the new church policy correr, a rag hanging from a wall, | when he hailed Gen. Erich Ludendorff, and three other cell bunks. It's a | gq“fld.w“ hero and professed anti- strange feeling.” | Christian, as the “founder of the new Mrs. Wright was convicted in Po- Weltamschaung (Nazi world concept). lice Court of ignoring a traffic stop sign. Two officers halted her and made the accusation. “Just because I asked a policeman if he thought he was infallible and offended his dignity, he arrested me,” she explaired. She denied she ignoied the sign, but a city judge assessed the fine. Mrs. Wright is the wife of an insur- ance company executive here. “I can teke it,” Mrs. Wright said. “It's costing the city money to keep me here. If I had paid a fine they would have made money off me— money they didn't d.erve to get be- cause I did not ignore that stop sign.” | to Neither was awaking in the early ROOM FOR CHILDREN An easy way to keep the children at home, happy, content and free from dangers incurred.in playing in the streets, is to furnish them with a play room all their own, where they can romp and play to their hearts’ content without disturbing | other members of the family. } Unused space commonly found in the basement or attic of the average home may be converted into & rec- reation room for ', children at little | I expense. Controller 0’Connor Places Figure at $736, to $224 in U. S. By the Associated Press. Placing England’s public_debt at $736 per capita, J. F. T. O'Connor, controller of the currency, said last night the American public debt was only one-third of that, despite heavy public expenditures. “In some quarters fear has been ex- pressed because of rather large ex- penditures of the Federal Govern- ment.” said O'Connor in an address delivered by telephone and radio- cast from San Francisco. “Let us compare the public debt of England, France and Italy with that of the United States. “The public debt of England is $33.- 904,080,000, or §736.37 per capiia; in France it is $21,108,846.000, or $503.78 per capita, and in Italy, $8.773.229.- 000, or $205.84 per capita. The United States has a public debt of $28.478,- 664,000, or $224.60 per capita. “In other words, the per capita public debt of the United States :s approximately one-third of that of Englands, one-half of that of France and about the same as that of Italy. The indebtedness of these foreign countries, mind you, does not include their war debts.” O'Connor said that as a result of refunding operations, interest pay- ments on the public debt amount to $801,000,000 annually, while in 1925, with an indebtedness of $20.000,000, 000, interest paid amounted to $829.- 000.000. “Our debt has increased $8,000,- 000,000, but at the same time our in- terest charges have decreased $28,- 000,000." O'Connor said. * for BUSINESS...1 block from Times Square, 3 blocks from 5th Ave. 8 minutes to Wall St. Under- ground passageway toall subways. % for DINING...3 fine restaurants tochoose from—the Coffee Room, the Tavern Grill and Bar, and the Main Dining Room, with dancing. R it e TWO-ROOM SUITES... from $7.00 Special Rates For Longer Periods *! week that President Roosevelt wanted | over results among the Democrats. ONGRESS SPEED Curtailing Roosevelt’s Program Urged on Fear | of Long Session. ! of | By the Associated Press Contending the first three and a| half months of the present congres- sional session have seen only one really major measure enacted, Senate Republican leaders asserted yester- day that unless the administration program is sharply curtailed, Congress ? will be here all Summer While the House prepared to vore | this week on administration bill No. 2, the social security measure. and the| Senate pondered which of three bills to tackle. Senator McNary, the Re-| publican leader, expressed this view: Congress could quit by mid-June if all but the social security, N. R. A. extension, bonus and appropriation bills were scrapped. “If this rather hasty outline were pursued.” the Oregon Senator added “it is my judgment that Congress | can conclude its work by the middle of June. What the country needs more than anything else is rest. re- assurance and restoration of confi- | dence. All would profit by this happy | eventuality, including the administra- tion.” Democratic leaders reported last the remainder of the program car- ried out, including many ipeasures ! not mentioned by McNary. They also said the Executive was satisfied with progress to date. Despite these reports, there ap- | | peared a rather general feeling cn Capitol Hill that if only the N. R. A and social security bills get through there will be little disappecintment There is no city in the world that offers to visitors more entertainment, recreational and educational features than New York—and there is no hotel in this great city that offers you more for your ho- tel dollar than The Lincoln— NEW YORK'S 4 STAR HOTEL % for RECREATION...69 fine thes- tres within 6 blocks. 1 block from Broadway... 4 short blocks to Madison Square Garden. % for QUIET SLEEP...Our 32 stories of fresh air and sunshine assure you quiet rest. Simmons beds as- sure you comfort. 1400 large rooms...each with bath (tub and shower) servidor and cabinet radio MORGAN ENGLISH, Washington Representative, 1020 Nationol Press Building. Telephone: National 5387. Hoto!/ @LINCOLN 44TH TO 4. STREETS AT 8TH UE - NEW YORK i ! tion Committee will be sent to the | with Senators Glass | sioner of the District, | Sultan, next Tuesday about the pro- Under the plan discussed last night, the federation favored a Recreation Commission consisting of nine mem- bers, three selected by the District Commissioners. three by the Board of Education and three by the National Capital Parks Office The members to be chosen by the Commissioners to serve on the Rec- reation Commission would be, ac- cording to the federation's plan, bona | fide residents of the city for at least three years prior to appointment. After the organization period, the terms would be for three years. Copies of the report of the Educa- chairmen of the Senate and House District Committees and to the Dis- trict Commissioners. Clash on Board's Rights. Henry I. Quinn, member of the Board of Education and a delegate to the federation. clashed several times with James N. Stull, chairman of the committee which submitted | the report, n defending the | rights of the Board of Education Earlier, Quinn had said it was “an| asinine program that would set up | another department to operate play- | grounds which should be operated by the Board of Education.” President James G. Yaden appointed .Capt. Ellis R. King and Chairman Llewellyn of the Highways, Parks and Waterways Committee, confer and Byrd of Virginia, and the Engineer Commis- Col. Daniel I posed new bridge over the Potomac to be erected near the old Chain Bridg | AMPION EXTRA-RANGE SPARK PLUGS S. Mortimer Auerbach won 225 cw. in. i YI“LEMM.' s are equipped. 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