Subscribers enjoy higher page view limit, downloads, and exclusive features.
B—6 #s FEDERAL SAVINGS OPENING 15 SPED Government Officials Near a - Contract to Assume Fi- delity Assets. ‘To speed opening of the First Fed- eral Savings & Loan Association of Washington, officials of the Treasury Department and the Federal Home Loan Bank Board today were work- ing out the final form of a contract by which it will be proposed that the First Federal shall purchase the assets of the closed Fidelity Building & Loan Association. % Within a short time, the form of the proposed contract is expected to be agreed to, so the formal offer can be made by the new First Federal to the controller of the currency, whose receiver, James Nolan, now is in control of the closed institution. The contract must be approved by the court. Meantime, it was learned that records of both “borrowing share- holders,” and “investing sharehold- ers” are being set up at the old Fi- delity, in order to provide a record to be presented to the court, along with the proposed contract of sale. While complete details have not been officialy disclosed, it was learned that one proposal to take care of the borrowing and investing shareholders is somewhat as follows: In the case of a borrower, who has borrowed, say $1,000 from the old Fidelity and has paid about $12.50 & month, it is believed that the in- terest of 6 per cent on the $1,000, amounting to $5 a month, will receive full credit in his account. If he has paid regularly, his intergst will have been credited on the $1,000 up to July 1, 1936. The remaining $7.50 per month, which was paid toward purchase of shares ‘in Fidelity to cancel his debt would ve credited to his account, plus whatever inter= est the Fidelity paid on the money— usually 5 per cent—up to July 1, 1936, the date of the last dividend. On this account of $7.50 a month, plus interest, the borrowing share- holder would receive 85 per cent either as a payment toward reduction of his loan of $1,000 or in cash. If the borrowing shareholder keeps his ac- count in the new First Federal, he would get an account based on what is known as the “direct reduction loan.” Under this system the bor- rower pays something toward Interest and the remainder toward the prin- cipal of his debt each month. H would not buy shares of the Federal | institution under this borrowing | shareholder system of a direct reduc- | tion loan The “investing shareholder” of the old Fidelity, who was purchasing so- called “free shares” of the institution | at a stated sum each month, is hav- ing his account set up so that he will | receive 85 per cent of the total | amount he has paid in, plus the in- | terest credited by Fidelity to his | account. He will receive the 85 per cent in cash, or in shares, insured | up to $5,000. THE WEATHER District of Columbia—Fair tonight and tomorrow; little change in tem- perature; gentle north, shifting to east or southeast winds. Maryland and Virginia — Fair to- night and tomorrow; little change in temperature. | West Virginia—Fair tonight and to- | morrow; slightly warmer tomorrow. | River Report. Potomac and Shenandoah Rivers | clear this morning. Report for Last 48 Hours. Temp. Baro, Temp. Baro. | In. Deg. In. | 4 Midnight 66 g 29.90 | 55 @ 3 g._m Spdenz 555675853 30.06 Noon Jo12 Record for Last 24 Hours. (Prom noon yesterday to noon today.) Highest. 811 pm vesterdas. Year 0. 91, Lowest, 61. 5 am, today. Year ago, 58. Record Temperatures This ¥ Highest, 03, on_April 18 Lowest. 19, ‘on February 28, Humidity for Last 24 Hours, (From noon vesterday to noon today.) Highest. R7 per cent. at 12:45 a.m. today. est. 33 per cent. at noon today. Tide Tables. (Purnished by United States Coast and Geodetic Survey.) Today. Tomorrow. 19am 7 45 a'm! 11 pim! 2023 pm. The Sun and Moon. 30.02 oh Dyme me K » 25 4 | &un, today Sun, 704 pm. 4:00 aim, Automobile lights must be turned on ene-half hour after sunset. Precipitation. Monthly precipitation in inches n the Cavital (current month to date): Avge. Record. 85" 7.83 ‘47 Stationg. Abilene, Tex. Albany, N Atlanta, Gi Atlantic City "~ Baltimore, " M DRAN SIXTRIIIS S SN RN YRR EXEREEY El Paso. Galveston, elena, uron, 8. Di dianapolis acksonville _ City iami. ¥ inneapolis "_ ew Orleans ew York, N. Dklahol Cl ASH. & 232 2D IR IR DTN EEREE AR CORRECTIVE MakesIhem fee/ SoAlive “TOLKS just can’t b:elieve w‘t:( ‘:er; imazing difference there is in the way they afier using a nat vegetable lazative that | really cleanses their system the way nature in- tended. But all around you people, millions of them, know how Nature’s Remedy (NR Tab- lets) rids them of draggy headaches, colds, upset stomach, when caused by sluggish bowels. See for yourself. Know what it means to use a purely ‘vegetable laxative. See how itly and natu- rally it works, leaving you refreshed and alive. Get a box. of NRs tablets only 25 cents at any drugstore. THE EVENING STAR, Young Washington T0UR OF GARDENS WILL AID CHARITY Proceeds of Chevy Chase Showing to Benefit County League. The annual garden totr of Chevy Chase gardens, arranged by the Chevy Chase, Md, Garden Club for the benefit of the Montgomery County Social Service League, will take place tomorrow. . Proceeds of the tour will be used by the league, one of the oldest private organizations of the kind in the coun- try, for its work among children need- ing special care. Mrs, John Alban Selby, chairman of the committee arranging the tour, announces that 14 gardens at the following places wlil be open from 11 am. to 6 pm.: Mrs. A. A Hoeling, 5 Newlands street. Mrs. Rudolph Max Kauffmann, 1 West Melrose street. Mrs. George P. McCabe, Brookville road and Williams lane. . Mrs. Frank H. Shults, 6521 Brook- ville road. Mrs. Hugh Southgate, 5800 Con- necticut avenue. Mrs. Chester Wells, Woodend, Jones Mill road. Mrs. G. C. P. Bratenahl will also include, with her own adjoining gar- den, a preview of the new herb garden of Weathered Oak Herb Farm, Brad- ley Boulevard, Bethesda, Md. Old Brook Farm House, one of the historic places of nearby Maryland, WASHINGTON, .D. C, MONDAY, MAY 24, 1937. home of Mrs. Frank H. Shultz, will also be opened to the public, with 1ts furnishings of antiques of the same period as the house, about 1780. A special luncheon at a moderate price will be served to guests on the tour at Brook Tea House, Brookville road, and tea may be had’there also. Taxis for the tour may be had at Chevy Chase Circle, running every hour on the hour. In case of rain the tour will be held the following day. Planes to Spray Huge Area. i More than 10,100,000 acres in Russia infected with larvae of the malarial mosquito will be sprayed with poison dropped from airplanes this year. e OTHER CIGARETTES CANNOT AFFORD... Finer tobaccos, plus GLORIOUS DAYS IN NEW YORK OVER DECORATION DAY HOLIDAY! What are your hobbies? Baseball? Theatre? Racing? Shopping? Sightsee- ing? Everybody may have a different hobby, but everybody wants the utmost in comfort, luxury, and good food —and that means the Hotel New Yorker, the hotel that's right in the center of everything but the turmoil You'll like the New Yorker—2500 rooms with bath, radio, Servidor, and circu- lating ice water, from $3 up. A florist shop in the first grade of Phoebe A. Hearst School. The salesgirl is Dolores Madison, daughter of Mr. and Mrs. Frank Mrs. Willam 8. Corby, 9 Chevy Chase circle. Mrs. Whitman Cross, Kirke street. Mrs. George Thomas Dunlop, Hayes Manor, Chevy Chase Lake, Md. 101 East the Tareyton Ofl& P Washington reservation office: 955 Nalional Press 0. Metropolitan 371 HOTEL NEW YORKER 34th STREET AT 8th AVENUE, NEW YORK Reliph Hitz, F.L Andrews, Monager Madison, 3610 Veazey street, and the customer is Joyce Chambers, daughter of Mr. and Mrs. Ralph Chambers, 4217 Thirty-seventh street. Tomorrow: Joan McKenzie, daughter of Mr. and Mrs. Henry McKenzie, at the Chevy Chase School. —Star Staff Photo. Mothers’ Bonus Costs $14,000,000. The bonus of $75 to every unmar- ried mother, with the condition that she obey certain rules, both pre- WOODWARD 10™II™F AvD G Stacers natal and after the birth of her baby, will cost $14,000,000 annually to the State of New York, local taxpayers paying half and the United States Government the other half. & LOTHROP Puoxe Dlstnicr 300 Midst Your Favorite Garments Hang No-Moth Solid, 79¢ Takes up very little room and is a ’guard of honor'’ for your clothes—for it means “no moths allowed.” Keep the closet door tightly closed for maximum forms of moth life. protection. Kills all For spraying use SLA (pronounced Slay), 85¢ to $4.25. Houszwares, FIFTH FLoOR. WOODWARD 10™ 1™ F aNp G STREETS & LOTHROP PHoNe DIstricr $300 .Tomorrow at 2 P.M., See a Complete Meal that Has Been Cooked in This 1936 Deluxe WESTINGHOUSE Electric bake, and stew in this modern “‘magica Roaster $| 9.95 Summer cooking made cool. You can roast, 1" roaster, cook a complete dinner for 8 to 10 people. A perfect Summer cooker for apart- ment, cottage, or home. Inset with grid, and three generous size heat-resisting Glasbake oven dishes, two covered. Adjust-O-Matic thermostatically controlled heating element with signal light. Additional Broiler-Fryer Unit, $5.95 ELrcTRIC APPLIANCES, FIrre FLOOR, Mrs. Henry Parsons Erwin, Arbre- mont, Linnean avenue and Upton street. . Mrs. Alfred Fowler, 6103 Connecti- cut avenue. Miss Emma T. Hahm, 6036 Daniels road. Mrs. Edward L. Hillyer, 3 East Black- thorne street. & The Ellsworth Vine's crew neck Sweater, with short to combinations. pockets Coat, The ONlY e s Brown Hounds'-tooth Slacks go per- fectly with @ brown herringbone tweed slacks are $7.50 =15 TAREYTON CIGARETTES Theres SOMETHING aboul lhem zyou'll like' WOODWARD LOTHROP THE MEN’S STORE— SECOND FLOOR. sleeves, makes tennis as much Y ure for the spectators as for the Select your Sports Coats with an eye One of the most adaptable is this herringbone tweed with half belt and patch $20 Get in on the slacks-and-jackets idea if you want to be in on the cool, comfortable “clothes” side of Summer. Here are contrasting solids and patterns in contrasting tones—competitive, yet harmonious. Sportive clothes that feel right —look right anywhere—and here are some ideas for you to follow— ] Do not forget that a porous fabric lets the heat out—so wear this light- weight cotton Shirt in blue, white, canary or gray under coat for cool, Now, for a contrast, you can well use this gray over-plaid Shetland Sports A half belt tapers ti back just enough_.__ Coat. Camelshair Sports Coat"that will turn your head and the head of $25 anyone you pass His maroon cotton Jersey has two- mohair and wool. The Brown Slacks are vo mixture of ery [ A slo tone horizontal stripe and short $| a sports mlcrma_l $| .50 " $20 Plain Gray Slacks are as necessary as they are becoming. with the gray or blue coat.... $10 million when golfing (rayon) jersey weave comes in green, maroon, white, and blue breasted flannel Sports Coat, lapels Add a pair of White Flannels and your :::“durk blue coat with $8.50 Keep your score low, but look like a This Celanese You know from past experience that you cannot do without a blue double- Summer wardrobe is in good shape. For more formal year you will wear