Evening Star Newspaper, December 1, 1936, Page 10

A—10 =* NEW YORK CENTRAL PAYS R.F. C. LOAN ‘Obligation Was Not Due Un- til 1941—0ther Railroads Report Higher Income. B the Associated Press. Reflecting better times for the rail- roads, the New York Central Railroad Co. has paid off all its obligations to the Reconstruction Finance Corp., long before they were due, and other major carriers have reported increased operating income. The New York Central payment, made without borrowing elsewhere, evoked the comment from Chairman Jesse H. Jones of the Reconstruction Finance Corp., that the railroad sit- uation as a whole was “quite prom- He added at a press conference yesterday, however, that the railroad reorganization situation was “ter- rible.” “Something is wrpng with a law that is unable to complete a rail- road reorganization in an ordinary lifetime,” Jones said, adding that section 77 of the bankruptcy act should be rewritten to contain author- ity to “force” reorganizations. Not Due Until 1941. The obligations paid by the New York Central aggregated $16.858,950 and included $6.969,000 of collateral notas purchased by the Reconstruction Finance Corp. from the Public worku Administration. The direct loan from the R. F. C was not due until July 1, 1941, while | the notes taken over from P. W. A. matured serially, from June 1, next, to June 1, 1944, “Mr. Harold Vanderbilt came to ‘Washington last week and made the arrangement,” Jones announced. “The road was able to make the payment without borrowing money elsewhere, and still has ample working balances, with no bank debts or other maturities over the next few years that cannot be easily met.” The New York carrier was the twenty-fifth to pay its indebtedness to the corporation in full. Report Increased Income. Before the New York Central action was disclosed, the Association of American Railroads reported net op- erating income of $88,477,458 for 130 class 1 carriers in October, compared to $74,043,657 in the same month last | year. Jones told reporters his lending agency has been repaid a total of $310,176.399 by carriers, but still has outstanding $412,026.890 to 55 roads, including $163.811,686 lent 23 roads in receivership. The security gov- erning the latter “in most cases” is good for the loan, he added. He said his agency now had com- mitments to railroads aggregating $39.223,250 to be spent for refunding and for new equipment. Jones would not discuss extension of the R. F. C. after next January | 31, when it is due by law to termi- nate. “That is for the President and Con- gress to determine, and whatever I DFF TO FAR EAST Miss Rose Meister Will Resums | Work as Missionary. Miss Rose A. Meister, graduate of the Washington Missionary College at Takoma Park, Md., who, prior to her final work here for a B, A. degree, spent five years as a teacher in mis- | sion achools in India, has left London | to resume her work in the Far East. She will be connected with the Roorkee Mission School in Roorke, Indis, under the Foreign Mission Board of the Seventh-Day Adventists. Miss Meister is accompanied by Miss Stella Mae Beauchamp of Orlando, Fla., who will join the Simla Sani- tarium as nurse. -COLONY RADIO SALES & £ RADIOS REFRIGER RADIO CO. 4835 GEORGIA AVE. Col. 0067 THE I1 Duce Wields a Saber EVENING STAR, | Looking a trifle less military without his headpiece, Benito Mussolini (right) crosses swords with an ofl'fcer of his Fascist militia, as other officers and German newsmen tourinn Rome look on. WASHINGTON, D. C, TUESDAY, DECEMBER 1, 1936. NOMINEES PICKED FOR BAR OFFICER D. C. Association to Choose Leaders at Session January 26. Nominations for the presidency and other offices in the District Bar Asso- ciation were announced today to the membership of the organization, which will choose new leaders January 26. Candidates to succeed President Walter M. Bastian are George C. Gert- man, who has been secretary of the association for 17 years and who was publicly thanked by the bar last year for his labors on behalf of enactment of the new divorce law; Henry L Quinn, & member of the Board of Education, and Milton W. King, & member of the board of directors. Quinn and King are carrying on ac- tive campaigns for the office. Nominees for the first vice presidency are E. Barrett Prettyman, former corporation counsel, and Leo A. Rover, former United States attorney. ‘Those selected to run for second vice president are Al Philip Kane and Ralph A. Cusick, both prominent in the younger contingent of the bar. F. Joseph Donohue will oppose Bolitha J. Laws, the incumbent, for treasurer. The following were nominated for the board of directors: R. Aubrey Bogley, Jo V. Morgan Jerome F. Barnard, Arthur J. Phelan, Charles S. Baker, Ringgold Hart, Daniel W. O'Donoghue, jr, and Samuel F. Beach. Only three can be elected. Elections probably will be held in the Bar Association library at District Court, and will be by secret ballot. It is expected that the results will be announced at a meeting of the asso- ciation the same night. —_— e Francols Leclerc du Tremblay, con- fidant of Cardinal Richelieu, was bet ter known as Father Joeeph | PRETENDER WARNS — DUKE OF NORFLK “King Anthony” Advises Him He Attends Corona- tion at Own Peril, By the Associated Press. LONDON, December 1.—Anthony Hall, former policeman, who, as pre- tender to the British throne, calls himself “King Anthony the Pirst.” warned the Duke of Norfolk today to 80 to King Edward’s coronation “at your own peril.” “Know this also,” Hall told the | highest peer in all Britain, “that the heads of those who take part in the ‘coronation’ of any person not of royal blood shall fiy like chaff in the wind.” The 28-year-old Duke, who as Earl Marshal, will be stage manager of the cornation next Spring, received the in- Jjunction without comment. Hall's primary complaint was that the present British ruler is “not of royal blood.” Hall, a former police inspector in { the Shropshire constabulary, bases his | claim for the throne on alleged direct descent from the Tudors. He recently | signed a proclamation returning the long-lost American “Colonies” to Eng- lish sovereignty. He is conducting an active cam- paign to bring about a “restoration” before the coronation. “I'm the King,” he declares. day I'll live in Windsor Castle.” CHRISTMAS CLUB check: Holiday Spending . . . $10500 - Taxes . Permanent Savings . . Year-End Commitments . 25.00 “Some | = Palm Changes Foliage. | Daily movements of the foliage of | the “praying palm” of the Orient is caused by changes in temperature, CHRISTMAS 6250 Mortgage Interest . . . Insurance Premiums . . One Billion Dollars | is accumulated every three years by Thrifty Americans through the CHRISTMAS CLUB plan originated 26 years ago by CHRISTMAS CLUB, a Corporation. This vast sum thus saved by many frugal Americans is applied to many beneficial uses. Here is a typical distribution of a $250.00 o o . $3000 15.00 12.50 Plan now a paid-for Christmas for next year— There’s a class for every purse. Join the CLUB today and regularly deposit your savings in banking institu- tions that display this emblem— *@hnfifma 4‘1} b g % SERVICE TORS APPLIANCE S ORIGINATORS Of L8 i NUMBER CHRISTMAS a corporation M. F. RAWLL, PRESIDENT o Developing and maintaining, for 26 years, a OPEN EVENINGS DUE THIS WEE HEADQUARTERS FOR MEMBERS OF #fif‘v’ fi&u‘/\ s.dln %"-’t:a T YN J‘~. SPONSORED 8Y THE INCORPORATED ORGANIZATION CHRISTMAS CLUB b THE CHRISTMAS CLUB PLAN PAYMENT £ K, Thisemblem of CHRISTMAS CLUB,a Corporation, officially identifies the banking institutions displaying it as using the idea, name and plan of CHRISTMAS CLUSB, originated by CLUB 341 MADISON AVENUE, NEW YORK CITY thrift service for the banks and for the people. DE PAUW U. ALUMNI TO HONOR NEW HEAD Dr. Clyde E. Wildman Will Be Guest at Dinner of Wash- ington Group. Dr. Clyde E. Wildman, newly ap- pointed president of De Pauw Uni- versity, Greencastle, Ind., will be the | guest of honor of the Washington De Pauw Alumni dinner Friday at Wesley Hall. Former Senator Watson of In- diana will preside. | Supreme Court Justice Wilils Van Deventer, Maj. Gen. Omar H. Bundy, | U. S. A, retired, and Chief Justice | Fenton W. Booth of the United States | Court of Claims are among the alumni | expected to attend. Reservations for the dinner can be made through Lof- ton Wesley, Wesley Hall. Dr. Wildman, who suceeds Dr. G. Bromley Oxnam, recently elected a bisnop of the Methodist Episcopal Church, is an alumnus of De Pauw and comes to the presidency from the faculty of the Boston University School of Theology. Bazaar Opens Today. The turkey dinner and annual| bazaar of the Women's Guild of the Western Presbyterian Church is scheduled for today and tomorrow ! evenings, from 5 until 7 o'clock. Make the Sloane store your shopping mecca these days. leisurely and catch inspiration from the many beautiful things t Look for the Christmas practical gifts. special prices that you will |CORONATION IDEA TRIED Mirrors May Be Used to Make Procession Visible. ‘Tests with all shapes and sizes of mirrors are in progress in London by the office of works to determine the practicability of making the corona- | | tion procession visible to every one along the line of march. NOW 1t is recog- WE HAVE YOUR FAVORITE nized that twice as many peopls will be in London to see the procession as can possibly catch sight of it unless some method of using mirrors is adopted. During the coronation of King George the manager of a hotel at & street corner at Paddington adopted the plan with successful results. 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