Evening Star Newspaper, July 12, 1937, Page 4

A—4 xx THE EVENING § LIONS CLUBWANTS AIRPORT RETAINED Arlington C. of C. Urges to Prevent Removal of Field From Site. & 5taff Correspondent ot The Star. ARLINGTON, Va, July 12.—The Arlington County Chamber of Com- merce has been asked by the Arlington Lions Club to take any measure neces- sary and proper to prevent removal of the Washington Airport from the county. [ In a letter to C. F. Winchester, busi- ness manager of the chamber, George P. Grove, secretary of the Lions Club, | announced the Board of Directors had gone on record in favor of rmcmmn‘ of the airport on the present site, and | offered to assist the chamber in the project, believing that the present site is admirably situated for the con- venience of the public and is an asset to the county which will be conducive to development and expansion of this section of the State. The action of the club is opposed to that of the County Board, whica has steadfastly refused to agree to clos- ing of Military road, which runs| through the airport, because of the | heavy traffic load it carries during the | rush hours. Completion of Lee boule- vard, scheduled for this Fall, however, is expected to relieve traffic conges- tion on roads leading into Washington. The request of the Lions Club will | be considered by the board of direc- tors of the chamber at its regular | meeting tonight, according to Win- | chester. The board will meet to draw up a program for the coming year | and to adopt a budget for carrying | it out, he said | A membership campaign will be launched the latter part of the week | on the basis of the program drawn up. | The result of opmions solicited in a questionnaire will be announced at the chamber board meeting tonight, { | principles to cover its procedure and considered a schedule for accomplish- ment. In outlining these principles it took cognizance of the tremendous | growth of commercial aviation in re- cent years and particularly the tre- mendous strides in engineering de- | velopment | “The great strides in technical de- | velopment which forecast the opera- | tion of commercial and military planes under conditions of weather which taday keep airplanes grounded, was discussed in its relation to the prob- lem presented. These ramifications of the problem crystallized the minds of the members of the commission on the paramount issue of safety of operation under all conditions at the expense of other requirements. | “Every interested party was given | consideration, either in person or by the medium of correspondence, or passed testimony on this subject Every site suggested was mwmgmed{ “It immediately became apparent that engineering development of air- craft was rapidly outdistancing ground facilities—that is to say, the| distance required for take-off and | landing of our largest planes and the angle of ascent and glide had become of such an order as to preclude the use | of airports that but a few years ago were considered ample for any con- tingency. And the end is not yet in | sight, for even now airplanes are being | projected that are more than twice | the size of the present aircraft. “In most cases the early proponents | of municipal airports attempted to lo- cate them as close to the cilies which they served as was possible. With older, slower type ships and no at- tempt to maintain schedules in bad | weather, and with generally poor road communications, this was indubitably the ideal situation.” 3ut for the same reason that the small airport is out- moded the airport at the gates of a city has become dangerous. Fears for Appalling Accident. “The commission is well aware that | scheduled air transport operations are being conducted from this type of field with only minor accidents, but they are convinced that no serious, impar- | tial student of the situation will con- | tend that the danger of an appalling | accident is not imminent. “With these thoughts in mind the subcimmittee laid down the follow- | ing requirements for a modern air- | port: “1. That runways at least 5,000 feet long on the major points of the compass with provision of blind land- | ing runways and unobstructed ap- proach 2 miles long, parallel to the | direction of bad weather winds (for blind landings). “2. That it be located in an area which permits of expansion. “3. That it be free from obstruc- tions, positively from buildings, tow- ers, stacks and similar types of con- | struction, and as much as possible | from natural hazards. Dry, Flat Site Necessary. “4. That the land selected should be relatively flat, with firm soil, good drainage and preferably high | That the cost of the land and its preparation be neither exorbitant | ) VAirpofl (Continued From First Page) or unreasonable. [ “6. That it be convenient to the | City of Washington which it is to| serve. and that a suitable express | highway connecting the two be con-| sidered in the cost of the entire| project. | “7. That it be as free from the dis- AUTO TROUBLE? Ca DIST-2775 ADVERTISEMENT, Don’t Cut Corns Shed Them Off You should never cut corns! E-Z Korn Remover softens hardest and most troublesome corns. Deadens pain, loosens core, and entire corn peels right off. Works fast. Rarely ever fails. Thousangs use it. Only 35¢ at drug stores. Location of the Camp Springs site recommended by the District Airport Commission is shown by this map. repeatedly has advocated development of that location, is expected to cham- pion the battle, Edwin Hege, chairman of the Avia- tion Committee of the Federation of Citizens’ Associations, said that if the Camp Springs site were developed as a Federal airport, with Federal funds, his comm:ttee would have no objec- tion. but that the committee is in favgr of Gravelly Point for a municipal airport and would oppose expenditure of District funds on a site as far out as Camp Springs. ‘The Aero Club of Washington, chapa ter of the National Aeronautic Asso- clation, also has advocated the Gravel- ly Point site The club believes Wash- ington should be a terminal for trans- Aulantic flying boat operations, as well as for land planes, according to Allan Smythe, secretary, The Camp Springs site is on the Southern Maryland road between Good Hope and T. B, Md., The ground is comparatively level and would require little grading or expensive drainage work, it is said. David L. Behncke, president of the TAR, WASHINGTOX, National Air Line Pilots' Association, which 1s leading the fight against Washington Airport hazards to the | operation of big transport planes, flew | over the Camp Springs area yesterday | and reported, from the standpoint of the pilot, the site seems to be satis- factory. It is in open country, free from surrounding obstructions, and capable of development to necessary size Lo care for any operations which now can be foreseen, he reported. —Star Staff Photo. . | advantages of local area fog preva- | lence as other circumstances will per- mit “In all, 49 sites were investigated Each site was inspected from the air and on the ground. “The greater majority were limited in size and not subject to expansion, due to surrounding construction terrain. In some the cost of grading and filling would have made the de- velopment of an airport prohibitively expensive. “After reviewing the work of the subcommittee (appointed to inspect the sites) the commission selected nine sites as most nearly meeting the requirements, including acreage and cost of development, as follows: Washington-Hoover ~ Airport, 219, acres. $4.672.000. Gravelly Point. Va., approximately 500 acres. $4,746.000. Hybla Valley, Va., 2,000 acres, $3,- 396.250. Fort Hunt, Va,, 750 Suitland, Md., 2,000 acres, $5619,~ 125. Forestville, Md., 2,000 acres, $5- 392,000. Oakland, Md., 2,000 acres, $5556,~ 875 | Silver Hill, Md., 1,500 acres, $5,048,~ 125 Camp Springs, Md., 1,900 acres, $3,- 286,250 From these nine the commission narrowed the choice down to the fol- lowing three sites: Washington-Hoover Airport, Gravelly Point and Camp Springs. | Camp Springs Ground High. “Camp Springs is on some of the highest ground in the vicinity, thus it offers excellent drainage as well as being free from river fogs. It is the largest extent of level high ground within miles of Washington, thus re- ducing to a minimum the grading and filling necessary in the development of he airport. and as a consequence the ultimate cost. * * * “The surrounding territory is free of industrial and residential develop- ment as well as natural hazards, more 50 than any other site inspected, thus making its safety factor for blind landings very high. The land is rela- tively undeveloped. consisting for the most part of scrub timber or young growth, thus reducing the cost below surrounding land that is now under cultivation. It is accessible to the city on good roads and within 10.2 miles of the Willard Hotel. All facilities are available or can be made available without undue cost except railroad connections, which latter the commis- sion does not believe to be essential. | “Options have been secured on most of the parcels of land comprising the site. Included in the area is a small tract of land owned by the Bureau of Standards which would be acquired | in the development of the site “The commission recommends that the site at Camp Springs be selected | as the location for the District of Co- lumbia airport and that a bill be pre- Va., ' | 1,800 acres, $4 653,- | | Summer Sun May @ Before you go on your vacation, play golf without a hat, or go to the beach—you should learn how to expose your scalp to the sun so benefit, not damage, will result. Over- exposure to the hot summer sun increases hair-loss, aggravates dandruff, and starts your scalp today at a Thomas office for a free ' exposure test” and learn the proper way to give your scalp a beneficial “sun bath.” The Thomas’ will gladly advise you — without charge — on all matters of hair health. Call for a complete scalp examination and learn for yourself how Thomas treat- ment ends dandruff, stops abnormal hair-loss and actually NEW ZEALAND OFFICIAL MAY SEEK TRADE PACT pared and enacted authorizing the | project; that the necessary funds be appropriated at the earliest possible | moment to carry into effect the rec- | D. C., MONDAY, Text of Roosevelt Veto Message Disapproving Measure to Continue Low Interest on Federal Land Bank Loans Cites Costs to Treasury. B the Associated Press. HE text of President Roosevelt's message to Congress today vetoing & bill to continue low interest rates on Federal Land Band loans, follows: ‘To the House of Representative. I return herewith, without my ap- proval, H. R. 6763, entitled “An act to extend for one additional year the 3, per centum interest rateon cer- tain Federal Land Bank loans, to pro- vide a 4 per centum interest ratq on { such loans for the period July 1, 1938, to June 30, 1939, and to provide for & 4 per centum interest rate on Land Bank commissioners’ perfod of two years.” Section 1 of the bill extends for two additional years the policy originally adopted as an emergency measure in 1933 under which borrowers from the Federal Land Banks are allowed to pay interest on their loans at rates| lower than those provided in their | mortgage contracts. Interest Cut Range Widened. Section 2 of the bill broadens the field of loans on which interest reduc- tions are granted by providing that for a period of two vears interest may be paid at the reduced rate of 4 per cent on loans made by the Land Ban commissioner. Section 1—Federal loans: Land Bank loans for B | ommendations of the commission. * * * | “* * * That conclusive action be not delayed as the continued use of the present airport is, in the frank | opinion of the members, inviting | disaster. “* * * that in preparing the bill au- | thorizing and appropriating for the project, that provision be made for the construction of a suitable express highway from the airport to the bridge over the Anacostia River. Walter Nash, Finance Minister, at State De- At present, through the sale of | bonds to the investing public, new | loans are being made by Federal Land | partment. Banks at the lowest rate that has ever | By the Associated Press. | been made available to farmers gen- | Walter Nash, finance minister of |€rally in this country, namely, 4 per | cent per annum. A decrease in farm | mortgage interest rates has been | series of conferences with State De- | brought about through the refinancing | partment officials that may bear on operations of the Pederal Land Banks reciprocal trade, Ad the Land Bank commissioner. to Confer New Zealand, came here today for a | negotiations of a JULY 12, 1937 now only 63 per cent of the quantity required during the five pre-war years, 1910 to 1914. The greatly increased debt-paying capacity indicated in the {Inregoin( figures is borne out by the | record of actual payments on Federal | land bank loans. Approximately 85 per cent of all loans of the Federal land banks were in good standing at | the end of 1936, as opposed to ap- | proximately 50 per cent delinquency when the emergency legislation was first passed. Gift to Borrowers, ‘The reduction of the rates of interest on Federal Land Bank loans to 3'; per cent for the fiscal year 1938 and | to 4 per cent for the fiscal year 1939, | as required by the bill for loans made through national farm loan associa- tions would, it is estimated, necessi- | tate payments from the Treasury in the amount of approximately $31,700,- 000 for the former year and $21,200,- 000 for the latter, a total of $52,900,000. The eflect of such an arrangement is | that part of the individual borrower’s | interest is paid for him by the United | States. In other words, it constitutes | & gift to individual borrowers from the | Federal Treasury. As indicated by me in my letter f June 8, 1937, addressed to the | committees of Congress then consider- | inig this legislation, the whole question involves the rate of interest charged by Government agencies and relates not only to farm loans, but also to moneys lent by the Home Owners’ Loan Corp, the Reconstruction Fi- nance Corp,, the Public Works Admin- istration and other agencies. The foregoing considerations have led me to the conclusion that further reductions in the interest rates payable on Federal Land Bank loans are not Justified. | than this, the payment of principal interest rate charged on these loans|that budget. To this end, I havs compares favorably with the present | called upon the heads of all Govern- 4 per cent rate of the Federal Land | ment departments, establishments and Banks. I have been unable to find | agencies to set up reserves of not less any system in which second mortgage | than 10 per cent of all funds avail- loans have been made available to | able for the fiscal year 1938, excent farmers generally on a basis as low | such funds as are not susceptible to as the present 5 per cent land bank | such treatment. Approval by me of commissioner loan rate. | the bill under consiceraticn, involving Income Would Be Cut. | 8s it does an additional draft upon The contemplated reduction in in- | the Treasury in excess of $30.000.000 terest rates on commissioner loans | during the fiscal vear 1938 would he from 5 per cent to 4 per cent under |totally inconsistent with my pur the bill would reduce the annual in-|to bring about a balancing of come of the Federal Farm Mortgage | budget for that year Corp., which owns these loans, by an | For all these reasons I am rcon- amount of approximately $8,350,000. | strained to withhold my approval of No provision is made for a correspond- | the bill, H. R. 6763, ing reimbursement of this sum by the Treasury to the corporation. Losses | suffered by the Federal Farm Mort- | gage Corp. ultimately fall upon me! United States as the sole holder of the Corporation's capital stock. More the « Glass Sliver Pierces Heart. SANDPOINT, Idaho, July 12 (#).— A sliver of glass which pierced his heart was blamed today for the death and interest on all bonds issued by of Tommy Best, 8. The boy was dr- the corporation is guaranteed by the United States. Any reduction in the interest rate on commissioner loans will place the Federal Farm Mortgage Corp. in suc | livering milk, when he fell while run- ! ning across the railroad tracks. The bottle hit a rail and a splinter was | driven into his heart. | & position that there is a definite pos- | sibility that it may not be able to meet its obligations from its own in- come. New York Rabbi Dies. NEW YORK, July 12 (A .—Rev. Samuel Greenfieid, 67, rabbi of Isaiah contemplated in the preparation of | T°mple, here. who formerly held the budget for the fiscal year 1938.|pulpits in Peoria, Tl and Pitt h, As the Congress is well aware, I am | died yesterday at his home of definitely seeking the balancing of | suffered in an automobile accident on The passage of this bill was not | AND | One | tion to an airport such as was con- | agreement. | Conclusion of such a pact, American | officials said, would do much toward smoothing the way for eventual ne- “There was testimony before the commission to the effect that in addi- templated by the act creating the | commission, an auxiliary airport would prove advantageous. | The average rate of interest on the | | private loans refinanced by the Fed- | eral Land Banks in 1933 and subse- | quent years has been 6.3 per cent.| gotiation of A trade agreement between g""““‘)"““”l those “";"f’"-‘ “h‘)lgr; | Bank commissioner on behalf of the | the United States and Great Britain, financed their private loans in | Federal 5 Per Cent Not Excessive. Section 2—Land Bank commissioner loans: The farm loans made by the Land | INTERMEDIATE POINTS Departure Times 8:00 A.M. 10:00 A.M. 12:01 P.M. 2:00 P.M. 0 P.M. 0 P.M 0 P.M 0 P.M. 11:00 P.M. Way, $2.25 Round Trip, $4.0 GREYHOUND TERMINAL 1403 New York Avenue N.W. Phone: National 8000 Farm Mortgage Corporation fl GREY£iIOUND Towers, Floods, Fog. While here Nash will talk with Sec- retary Hull and Undersecretary Welles. “Washington-Hoover at best,” said | the report, “if the land now belonging | to the Department of Agriculture’s | experimental farms and the .ill in the | boundary channel were included, could Veto not exceed 219', acres. it lies at the bottom of a hill and on the southeast is an industrial area. To the west also are the Arlington ra- In addition | (Continued From First Page.) from the National Resourses Com- mittee dealing with the problems of the Nation arising from the major in- ventions, particularly as they affect dio towers, the tops of which are 800 feet above the field. Not far to the | northeast is the Washington Momil- | s5cig) life, unemployment, industry ment. The field has been flooded | o1d husiness under periods of unusual high water | 2 o] and is subject to river fogs. To over- | The other reports read by the Presi- come floodmg would require consider- | dent dealt with slum conditions in able fill. Five-thousand-foot runways | FUral areas. employment and destitu- are not possible in all directions. Cer- | {00, and power development and the {ainly, ' Washington-Hoover . Airport | diVersion of the water from the Niag- does not fulfill any of the basic re- | AT& River. quirements except in its proximity to | The President today conferred brief- the city and as the commission has ly with Josephus Daniels, American | previously stated, the safety factor | Ambassador to Mexico, who will sail should be stressed at the expense of the | from New York in a few days for convenience factor. | “In the case of Gravelly Point. it is proposed to develop a site by fill-| ing in. The commission is of the opin- ion that general experience and simi- lar developments are an excellent in- | dication of what may be expected in the present instance. | Prance; Ambassador Hugh Gibson, who sails shortly to take up his new post as Ambassador to Belgium: Rep- resentatives Maloney of Indiana, Boren of Oklahoma, Duncan of Mis- souri and Thompeon of Illinois. Dur- ing the forenoon he received Rob- ert W. Woolley, who was chair- man of the Medal Committee for the Presiden: last inauguration. The President received a brief call from Mme. Georges Bonnett, wife of the French Minister of Finance. Mme. Bonnet! had never met the President “Any fill, unless built up with care- elected materials, at a ve high cost, requires years to settle suffi- ciently to provide a good base for the purpose intended. Thus, it believes that construction could not be started | until at least two years after the fill| during her stay in Washington and | at Gravelly Point is completed, Fur-| Wanted to do so before returning to ther, similar objections raised with | her native land. i reference to Washington-Hoover have application here, except that the avail- | able area would consist of 500 acres. | “In harmony with the opinions of the experts who gave the commission | the benefits of their experience, the commission found that,the site at Camp Springs, Md., most nearly met | the requirements for a site for a mod- } ern airport for the District of Colum- bia.” Washington civic interests for vears have advocated development of an air- port at the Gravelly Point site. The Aviation Committee of the Washington Board of Trade, which Lead to Baldness Use this to safegu OU lock your you go on you the silverware an Why not assure on the road to baldness. Call vault. Then it free” vacation. * Of Course Y te-grows hair on thin and bald spots. Re- member —no charge for consultation, “‘ex- posure test,” or scalp examination. SUITE 1050-51 WASHINGTON BUILDING (Corner N. Y. Avenue ond 15th St. N.W:) riments fof Mes (Separate De: HOURS—0 A.N. to 7 P.M. for a grand time. and 1934 by converting them into 5 per cent Federal Land Bank loans cut their annual interest charges more | than 20 per cent, while those who have [ | refinanced at the present 4 per cent rate have obtained a permanent re- duction in excess of 40 per cent. I believe, therefore, that there is no justification for continued Govern- ment subsidy of Federal Land Bank interest rates below the unprecedent- edly low rate these banks are now offering farmer-borrowers on a busi- ness basis, Farm Price Rise Cited. Furthermore, the ability of farmers to pay interest at the rates provided for in their mortgages with the Fed- eral land banks has been very sub- stantially proved, due to an increase of more than 100 per cent in the | level of farm prices since the emer- | gency period of 1932-33. In Decem- ber, 1936, the index of farm prices, as reported by the Department of Agri- culture, stood at 126, as compared | with 55 for the month of March, 1933, | 'and an average of 100 for the pre- war period, August, 1909, to July, 1914, The gross farm income, as estimated by the Department of Ag- riculture, also rose from $5,337.000,000 in 1932 to $9.530,000,000 tn 1936. As an illustration of the lightening of the interest burden during the last | bear an interest rate of 5 per cent per | Jest {annum. In view of the circumstances under which these loans are made, it | cannot reasonably be said that a 5| per cent rate of interest is excessive. Comparison with Federal Land Bank loans may serve to illustrate this point. | A majority of the loans made by the Land Bank commissioner are secured by second mortgages. Federal Land | Bank loans may only be granted on | HEAT WAVES DUE IN WASHINGTON first mortgage security. amount which, taking into account any prior liens, equals 75 per cent of the value of the property, including both land and buildings. A Federal {Land Bank loan is restricted by law | 10 & sum not exceeding 50 per cent of | the value of the land and 20 per cent of the value of the improvements. Land bank commissioner loans are frequently granted upon farms which, because of some physical or economic hazard. would not qualify as security A Land Bank | commissioner loan may be made for an | for a Federal Land Bank loan. Finally. Jand bank commissioner loans lack the element of co-operative respon- | sibility through stock ownership by borrowers of their natlonal farm loan associations upon which the Federal Land Bank system is built. In view | of the added factors of risk present in the average land bank commission- (er loan, I feel that the 5 per cent four years through improvements in | farm prices and the refinancing of farm debt, the following instance may be cited: The quantity of farm products required to meet the annual interest charge on a 6.3 per cent pri- vate loan refinanced as a 5 per cent Federal land bank Joan in 1933 is CAREFREE - VACATION sure way ard them home—and away r vacation, all set But how about d other valuables you are leaving behind. yourself of their security while you're away by plac- ing them in our safety deposit will be a “care- ou’re Taking Travelers Cheques Along THE WasSHINGTON LoOAN AND TRUST COMPANY Main Office: F Street At 9th @ 4 Ay omen) West End Office: 17th Strest AtG Mgmber, Federal Reserve System and AW Torn % TEA Todiy “WHERE ARE YOU GOING, MY “Pll swim, a thrilling evenin, and wood smok In any case, with your hair appear sunburn fuss. 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