Evening Star Newspaper, December 5, 1935, Page 12

$.206.079 DEBT - OF GRACE SHOWN S. E. C. Report Reveals Amount Is Owed for Stock Bought in 1930. By the Assoclated Press. A report declaring Eugene G. Grace, president of Bethlehem Steel Corp., | owed that corporation $5,206,079 as of December 31, 1934, was made public | by the Securities Commission today. MRS. ROOSEVELT DEFENDS YOUTH Criticism Will Be Healthy for National Movement, She Asserts. Mrs. Franklin D. Roosevelt last night spoke a favorable word for young peo- | ple, “from young Communists to the | D. A. R’s,” and prophesied that the National Youth Movement will meet with a great deal of criticism. This Grace was one of several officers | criticism will be understandable and listed as debtors in connection with | “very healthy,” she declared. A purchases of the “There are all types of young people company’s stock, | scattered around,” Mrs. Roosevelt said. contracted for in “They range from young Communists 1930. There was | to the young D. A. R.s. You can't no indication|expect them to agree on just what! E whether the| their National Government should of- | amount owed was | fer them.” | past due. Mrs. Roosevelt spoke at the sixth | The stock, to-|annual dinner of the Research Club | taling 130,910 | of Washington, held at the Mayflower | shares, was sold | Hotel. She was intrcduced by Mrs. to the officers at | Henry Grattan Doyle, pres dent of the | approximately| Board of Education, who told her the market price | audience: “The depression is over—or then current. Ar- | if it is not, then it is nearly so and rangements we,-e“ we are fast getting back to normal.” made for install- Relief Seen for Discouragement. ment payments. Despite widespread criticism of the Such data must be filed with the | youth movement, the “interest the eommission for the information of | Government is taking in it gives young stockholders and investors. The bulk ' people something to shoot at” and is of the reports covering 1934 were re- doing a great deal to relieve the dis- leased earlier this year, but the com- | couragement among young people, Mrs. mission is now engaged in publishing | Roosevelt said. information which was held back She made her position plain by re- pending hearings on pleas of some | marking: “Not having any responsibil- companies that it be kept confidential. | ity, I suppose I'm not entitled to an Others on Debtors’ List. | Grace contractea 0 vy o750 (L R shares. Other officers or directors list- STE AK ed as debtors as of December 31, 1934: 8. A. Buck, 15750 shares: unpaid is more flavo%:xl when spread before cooking with balance, $1,489,036; Hugh Bent, 15,- 750 shares; unpaid balance, $1,503,196; GULOENS @\ Mustard g E. G. Grace. R. E. McMath, 9,000 shares, $879,143; P. Mackall, 9,000 shares, $825,533; F. A. Shick, 9,000 shares, $750,293; J. H. ‘Ward, 2,250 shares, $221,417; W. J. Brown, 1,080 shares, $101,898; J. P. Bender, 680 shares, $64,785; R. H. Schlottman, 540 shares, $50,164; W. H. Johnstone, 360 shares, $33,025. The fact the company paid Grace $180,000 for his services in 1934 and President Charles M. Schwab $250.000 ‘already has been published. The “con- fidential” data showed this additional compensation: $90,000 each to Quincy Bent and C. Austin Buck, $75,000 to | Paul Mackall. Salaries Published. The S. E. C. also made public galaries or business data which a number of other companies called confidential. This information in- cluded: | Childs Co.—Salaries, George D. Strohmeyer, New York, president, $15,- HIGH ROCK RY PALE D 306; William P. Allen, New York, chairman Executive Committee, $9,- | 872: Grover C. Buck, vice president, | $7,372. American Machine & Metals, Inc. «—Salaries, P. G. Mumford, New York, $33,300; V. C. Stephens, New York, Rahway, N. J., treasurer, $113 E. P. Holder, New York, vice pre dent, $9,500; gross sales, $2,531,203.16; | cost of sales, $1,782951.22; gross profit on sales, $748,271.94, as of De- | cember 31, 1934. Anchor Cap Corp.—Sales rentals of machinery, $7,582,799.32; cost of sales, $5,857,503.57; gross man- ufacturing profit, $1,725,295.75. After other income and other deductions, ! net income for 193¢ was $527,282.88. and 16 OZ. BOTTLE. A FULL HALF QUART THE CONGRESSIONAL'S CAKE An anniversary of real significance is celebrated when The Congressional starts out for New York on its regular run December 7 this year. For with this trip The Congressional rounds out half-a-century of distinguished public service between America's greatest metropolis and the Nation's Capital. Quite a different train . .. the sleek mile-a-minute electrified flyer of today . .. from that which made its inaugural run in 1885. Then it made the 226- mile run in five hours and thirty-five minutes. Today it clips off this distance in 225 minutes! In its brilliont career probably no train has enjoyed THE EVENING STAR, WASHINGTON, D. C, THURSDAY, DECEMBER 5, 1935. but just as an observer, -I think it is good to have all shades of ‘opinion, to have young people argue with each other to see if they can't find some common meeting ground.” Although she alluded to the subject twice, she did not mention directly the controversy in the Capital over the teaching of communism in the schools. Seated at the speakers’ table with her were Dr. Frank W. Ballou, superin- tendent of schools, and Mrs. Doyle, Reads Reports All Day. Mrs. Roosevelt said she had spent an entire day recently reading reports from the various States on the youth movement and that she was “entirely satisfied that it is going to be the finger that points the way to' greater achievements.” She referred to the movement as “new, temporary, experimental and an emergency measure” and explained that it is not expected to solve all the ills of youth, but is merely a move in the right direction. The Research Club of Washington was organized in 1930 and is com- posed of teachers and educators of the Capital. Miss 8. Irene Raver is presi- dent and Miss Jessie E. La Salle hon- orary president. Other officers are Mrs. Dora Bresler, vice president; Miss Violet Marshall, treasurer; Miss Helen Burton, recording secretary, and Miss Elizabeth Griffith, corresponding sec- retary. Puerto Rican Historian Dies. SAN JUAN, Puerto Rico, December 5 (P).—Mariano Abril, 73, official his- torian of Puerto Rico, who' was ap- pointed to the office by President Theo- dore Roosevelt, died yesterday. He had defended insular rights against the Spanish government. D. C. JUVENILE COURT’S NEEDS TO BE DISCUSSED Washington Social Workers tol Consider Problem Monday at Luncheon. Needs of the District Juvenile Court system will be discussed by Washing- ton social workers Monday in a luncheon meeting of the Council of | Social Agencies at the Y. W. C. A. Justin Miller, chairman of the At- torney General's Advisory Committee 10-Piece Living Room OQutfit This is an excellent time to completely refurnish the living room at a price that has been tremendously reduced. It comprises a 3-piece tapestry-covered living room suite, occasional p P pestry g table, table lamp and shade, end table, floor lamp and shade and magazine rack. Come in tomorrow and see this outstanding special! . We Will Gladly Cash Your Christmas Checks! it [ | B Lacquer Taboret - Metal Chifforobe [ Circu!chngSl7.95 0Oil Cir- Heater .- Butterfly Table 81.89 $14.75 culator on Crime, will discuss a . proposed Juvenile Court bill sponsored by the League of Women Voters. It is ex- pected the bill will be introduced in Congress in the forthcoming session. | Every social agency in Washingson | will be represented at the meeting, according to Sanford Bates, presi- | dent of the’council. Delegates will | take back to their organizations full reports on the bill, for appropriate action. Lo 0il Struck in London. Oil was struck recently in London. Shark Pight Fatal. From wounds received in a battle with a shark 60 feet below the surface & 73-year-old pearl divec has died in Panama. Take my Ukl SEASON ALL SOUPS WITH LEA & PERRINS sAucE THE ORIGINAL WORCESTERSHIRE TOYS On Credit! 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