Evening Star Newspaper, May 23, 1935, Page 13

F.D.1.A. DECLARED BOON TO BANKNG Crowley Says Failures Are \Immediate Concern of All Institutions. By the Associated Press. MINNEAPCLIS, May 23.—Leo T. Orowley, chairman of the Federal De- posit Insurance Corp., told Minneapolis bankers last night that the passage of the deposit insurance act has made bank failures a matter of direct Na- tion-wide concern. Addressing the local chapter of the American Institute of Banking, Crow- ey said that before the insurance act was operative loss in a bank failure *“was absorbed in the community by stockholders ‘and depositors.” “Now, suspensions even in single in- stances,” Crowley said, “when they Fesult in losses to depositors, are losses for the entire system and are of definite consequence to all of us. They affect the rate of assessment you must pay.” Banks Now Fewer. + Commenting on correction of weak- fesses shown in the banking structure, Crowley said the existence of too many banks, ‘“one of the most insidious sources of weakness,” has-largely been demedied in the last few years by drastic reductions in the number of institutions. Crowley, in a discussion of invest- ment policies, said there had been a | tendency among bankers to restrict | their short-time loans to individuals | and enterprises “engaged in the manu- facture, production and marketing of goods and commodities” in favor of investments in securities. Security Losses Greater. “From the standpoint of bank Josses,” he said, “this increase in the proportion of investment securities to total loans and discounts has brought & new problem. Losses on loans and discounts for national banks during the past 15 or 16 years have been about 31 per year for each $100 of loans and discounts. On the other hand, losses ©n bonds and securities, exclusive of obligations of the United States Gov- | K& ernment, have averaged approximately $2 per year for each $100 of 1m'est-: b men.” The solution of this problem, he| said, “will lie largely with bankers themselves and in the use of men trained and skilled in the analysis and study of investment portfolios. * * * ‘The word which is being carried on by | 3 the Securities and Exchange Commis- sion in Washington will undoubtedly become of added assistance and sig- | nificance in this field.” RITES HONOR WAR DEAD Memorial services for war veterans buried in Jewish cemeteries will be | held Sunday at the Washington He- brew Congregation Cemetery in Con- gress Heights under joint auspices of Washington Post, No. 58, Jewish War Veterans of the United States; the Vincent B. Costello Post, American Legion, and the Jewish Welfare Board. Representative McCormack of Massa- chusetts will be the principal speaker. Music will be furnished by the United States Army Band, while an Army detail will form the guard of honor. Dr. Ivy Pelzman, commander of the Jewish War Veterans, will preside. FOR CHAFING USE Vaseline REG .5 PAT.OFF. PETROLEUM JELLY "GO EARLY THIS YEAR P ] X ap Y= -3 “Yacation Spois Will Be Crowded " Keep ahead of the rush— * Save many dollars going by :MOTOR BUS " ‘Those who know are planning vaca- . tions in May and June, to-get the pick * of accommodations at ho -~ National playgtounds — summer rush. They're Bus to enjoy scenic " the clean fresh air of mature — and to % saye many dollars for extra summer fun. NEW FAST SCHEDULES te CALIFORNIA Shortest bus time ever offered to Los * Angeles and 8an Diego World's Fair. - Many hours less than previous sched- i ules. No extra fare. NEW GREYHOUND TERMINAL 1403 New York Ave. N:W. Phone Met. 1512 HOUND ey i GRE Prince-Student MIHAI OF RUMANIA IN PARADE. CROWN PRINCE MIHAI ©Of Rumania, a student at the Bucharest Military School, march= ing during the celebration of the Rumania Natlonal Fete day in the capital, ~—Wide World Photo. anng ’1/ I/(,’Il COFFELT'S ‘never * Hair Coloring_has brought oess to thousands of men and women in tweaty-nine since its discovery. It is lg;: fo use as water and equally barmless. Unlike & dye you Beed not select or maich @ color. Removesdandruf, actsas . ftonic. restores youthful looks. improves the comdition and appearance of hair. COFFELT'S defies detection. Gives quick safe. positivé results. i At All Drug ead Dept. Stores” Send for helpful PREE booklet 20 | CoPTELT CnEmicAL 00 NewTert n.Y. COFFELTS THE EVENIN CADETS OF ST. JOHN'S (cther g0i¢ moul wi be swarted o) PLANES USE MUCH GAS - TO HOLD COMPETITION Cadets of 8t. John's College, 1225 Vermont avenue, will hold their an- nual competitive drill on the Eflipse tomorrow at 10 am, it was an- nounced today by Peter E. McGurn, commandant and professor of mili- tary science and tactics. ‘The corps, composed of four com- panies and a band, will leave the college at 9:30 am. and parade to the Ellipse. A silver cup will be pre- sented to the company and a gold medal will be awarded the winning company commander. An- ‘The companies and their cadet commanders, in the order in which they will be graded, are: Company C, Capt. Lewis H. Lanmann; Company A, Capt, Robert J. Dougherty; Com- pany D, Capt. Donald F. Forbes, and Company B, Capt. Charles E. Ofen- | stein, Judges will be officers of the Regu- lar Army stationed here. Scold's Bridle Sold. talkative women, was sold recently in London for $40. Alr travel has developed an im- portant gasoline market, figures re- leased yesterday by the Department of Commerce reveal. During 1934, aireraft in the United States used 58,414,256 gallons of gas- oline and 2,158,288 gallons of oil. Scheduled airlines used 25,136,274 gallons of gasoline; miscellaneous civillan operators, 9,630,869, and Gov- ernment aircraft, 23847113 Oll used was as follows: Scheduled air. A scold’s bridle, once used to punish | lines, 838,756 gallons; miscellanesus civilian operators, 348,985, and Gov- ernment aircraft, 970,547, PATENTED MAY 7th, 1935 U. S. PAT. No. 2,000,785 K-90 % LEE of Conshohocken ... the safest non-skid tire for cars with small diameter wheels. < oeAll knee-action cars should use them. £ Put LEE K-90’s This is the LEE K-90 They give better car con- trol and many more miles; they steer easier, stop quicker, save gaso- line and are silent on curves at any speed. on your new car. It will cost very little to ’ exchange your present tires. Phone, write or call your near- est LEE dealer. Write for our FREE DESCRIPTIVE FOLDER, LEE of Conshohocken Tires, Inc. 627-629 K Street N.W, National 7241-7242 OU can’t enjoy life when your nerves are tense. Enjoyment begins with relaxation—and relaxation begins with ARROW BEER! We say Arrow Beer because there’s a world of difference in beer. Relaxa- tion comes only when beer is right—$ not in one or two things but ineverye thing that makes beer right. Pour yourself a glassful of Arrow Beer. Watch how it rushes out of the bottle brimful of bubbling life. Watch how it builds up into a clear, sparkling amber body and a rich, creamy head. As you raise the glass to your lips— inhale deeply. Through Arrow’s creamy collar comes the fragrant tang of sunny hop fields—the whisper of rich malt and the aroma of real beer that has aged and bubbled its way to heady strength and full flavor. With the first swallow you know Arrow is not too sweet, not too bitter Louis Brodsky 421 B St. S.E. “It’s always a satisfaction to sell Washington Flour— all three kinds—Plain, Self- Rising and Martha Washing- ton Cake Flour - because that's one product we never have any trouble with, I've never known a case where it hasn’t given satisfaction, and the steadily increasing sales bear out my statement.” Louis Brodsky. because it makes success sure. Washington Flour is sold with the strongest guarantee that can be given. Here it is— If you do not find Washington Flour a better flour than any other you have used your dealer will refund the price. That’s Definite and Plain, Isn’t It? Made of selected wheat—carefully twice washed in pure Potomac drinking water before grinding. Always uniform in quality; always stand- ard in character. PLAIN WASHINGTON FLOUR for all purposes. SELF-RISING WASHINGTON FLOUR—!pe;:ially for biscuits, waffles, shortcakes, etc.—with which NO BAKING POWDER IS REQUIRED. MARTHA WASHINGTON CAKE FLOUR—the flour which makes de- liciously moist cakes that stay moist. PLAIN WASHINGTON FLOUR—SELF. RISING WASHINGTON FLOUR— MARTHA WASHINGTON CAKE FLOUR for sale by ALL grocers, delicatessens, markets and chain stores. Wilkins-Rogers Milling Co. “**3"¢™" (too sweet beer comes from unfer- mented sugar—too bitter from im- proper brewing of hops). Arrow has the ¢rue beer flavor! Then, as Arrow’s cool amber good- ness eases down to the spot where only the best drinks go, a warm glow races up. You relax and feel at peace with the world. So don’t just say beer—~gsay ARROW BEER. Drink Arrow and relax! GLOBE BREWERY, BALTIMORE, MD. O@HOW TO ICE AND SERVE ARROW BEER Bottled beer should be kept at 45 degrees