Evening Star Newspaper, April 15, 1937, Page 17

TOMATO JUICE picks up with LEA & PERRINS SAUCE JHE OrIGINAL WORCESTERSHIRE New Process Perfected. The Bureau of Chemistry of the Department of Agriculture has de- | veloped & new process for making icnlclum gluconate, used for treating many diseases resulting from calcium deficiency, at a cost of less than 25 cents a pound. THE EVENING STAR, —WASHINGTON, D. C., THURSDAY, APRIL 15 1037. BANKRUPTCY LAWS’ REVISION ADVOCATED Chandler Sees Need of New Au- thority for Securities Group and Other Changes. By the Associated Press. Representative Chandler, Democrat, of Tennessee, proposed today an ex- tensive revision of the bankruptcy laws, including new authority for the Securities and Exchange Commission to advise ailing big businesses. He offered a bill to tighten corpora- tion reorganization machinery, give added protection to the interests of small stockholders and let labor have One section would allow wage earn- ers to pay their debts on the install- ment plan under court order. This provision, indorsed by the National| Retall Credit Association, would apply to persons who earn up to $3,6560 a year. The bill would require all corporate reorganization plans involving debts of more than $5,000,000 to be submitted to the Securities Commission, which would act in an advisory capacity only. In smaller reorganizations the court might ask the commission’s advice. Hearings probably will start the week of May 10, Chandler said. ‘The measure would repeal the noted section 77-B and related sections of present bankruptcy laws and rewrite them into a new section. It would provide for an independent, disinter- ested trustee and attorneys in every RITES AT ARLINGTON Col. Olin Will Be Buried With Military Honors.” Funeral services for Col. Hilden Olin, Finance Department, U. 8. A., retired, who died at Schofleld Bar- racks, Hawall, February 12, were to be held today at Arlington National In April and Cemetery with Chaplain Ora J. Cohee officfating. Interment with full mili- tary honors, was to be in the eastern section of the cemetery. Col. Olin was born in SBweden May 15, 1867, and entered the United States Army during the Spanish- American War. Shortly before his retirement in 1931 he served a tour of duty here in the office of the chief of finance. United States not serviced with gas. A—17 There are 1500 counties in the FREE PARKING AT WASHINGTON’S FORTY ACRE Only 20 counties in the United States are without commercial electric service. 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