Evening Star Newspaper, October 29, 1937, Page 1

WEATHER. (U. 8. Weather Bureau Forecast.) » tonight; Fair tomorrow. Closing New York Markets, Page 18 b 85th YEAR. 0. tomorrow warmer; gentle to moderate west winds tonight, shifting to moderate southwest ‘Temperatures today—High- est, 60, at 2 p.m.; lowest, Full report on page A-19, 34,149. fair and 47, at 7:15 am. Entered as second class matter post office, Washington, D. C. ch WASHINGTON, WITH SUNDAY MORNING EDITION D. C, FRIDAY, OCTOBER \ ¢ Foening Starf 29, 1937 —SIXTY-TWO PAGES. #%% (®) Means Associated The only evening in Washington wi aper the Associated Press News and Wirephoto Services. Yesterday’s Circulation, 147,020 (Rome returns not yet received.) TWO CENTS. Press. THREE BRITONS DIE AS JAPAN SHELLS SHANGHAI SUBUR U. S. Citizens Flee Homes Under Fire to Inter- national Zone. EXPLOSIONS DAMAGE MISSION PROPERTIES Maj. Gen. Telfer-Smollett, in Com- mand of British Forces, Pro- tests to Hasegawa. BACKGROUND— Steady encroachment of Jap- anese jorces in China has met with stubborn resistance at Shanghai. Determined to wipe out effective “campaign of hatred” against Japan, warjare has brought about slaughter of thousands of mnon- combatants. Japan points to need jor stabilized peace in Far East, frequently charges Nanking gov- ernment with collusion with com= munistic forces. \ B the Associated Press SHANGHALI, Oct. 29.—Three British Ulster Riflemen were killed and sev- eral wounded tonight during Japanese shelling of Hungjao, suburb to the west of the International Settlement and home of many Americans and other foreigners, British military headquarters announced. Artillery shelling and aerial attack In the Chinese-Japanese war spread damage among American mission and other foreign property, and during the day British defense lines along the settlement frequently had been under fire. Seven Chinese non-combatants also were killed or wounded. The Ulster Riflemen were stationed at the British * defense post on the corner of Keswick and Brennan roads, at the northwest corner of the Settlement and oppo- sites the entrance to Jessfield Park. The shells apparently came from Japanese batteries in Chapei and were intended for Chinese positions in Hungjao. One unidentified foreigner and sev- eral Chinese also were reported killed by Japanese shells falling inside the British lines. London Indignant. 4 (At London great indignation was manifest in official circles today over the killing of the three rifle- » _men. (The fact killings occurred so soon after a British sentry was machine-gunned to death Sunday at & British defense post in Shang- hai increased the bitterness, but formal comment was withheld pending an official report on the incident. (Ink was scarcely dry on the Japanese apology and offer of com- pensation for Sunday’s shooting. (The House of Commons ad- Jjourned for the week end before news of the shooting became known in London. Many members have demanded the #nposition of a trade boycott on Japan as a means of reprisal.) Many Americans and other foreign- ers abandoned their magnificent homes in Hungjao to seek safety within the Jsettlement, as the battle for posses- sion of Shanghai centered in the sub- urban area, Throughout the day shells exploded near posts manned by the Royal Ulster Riflemen. Japanese artillery, bom- barding Chinese in the Hungjo area, dropped eight shells into Jessfield Park alone. One of the shells dam- aged St. John's University. Windows in Homes Shattered. Many windows in buildings and homes in the western district, especial- ly along Yu Yuen road, were shat- tered. Trolly car wires in the Jess- ‘neld sector were broken, disrupting all service. A British policeman’s motor cycle was wrecked a few seconds after he stepped from it. Maj. Gen. A. P. D. Telfer-Smollett, in command of the British forces, went quickly to the scene. Then he called on Admiral Kiyoshi Hasegawa, Japanese naval commander in the Shanghai sector. The Seventh Day Adventist Sani- tarium evacuated its patients and equipment after several bullets struck the hospital when a Japanese flyer shot at a group of Chinese soldiers ard refugees at the hospital gates. Meanwhile in Sungkiang, several miles to the west of Shanghai, the American Southern Methodist Susan B. Wilson School for Girls was set afire and almost destroyed, the home of Rev. W. B. Burke (now in the United States) was demolished, the Bouthern Methodist Mission com- pound was damaged and its 60 occu- pants sought refuge in dugouts dur- >ing bombardment by 20 Japanese planes. British army authorities blockaded (See CHINA, Page A-5.) Argentina Holds Wheat. BUENOS AIRES, Oct. 29 (#).—The Argentine government today forbade | too. exportation of wheat and wheat flour until further notice, when consign- ments of new wheat arrive ‘on local markets. . The decree was based on an unusual rise in bread prices and the limited supply of old wheat. THE 1938 AUTO SHOW 5 Next Supday in a special sec- tion of The Sunday Star will be found pictures of the new model automobiles with a detailed de- scription of the various makes and their specifical section also will contain sig stories relating to traffic and safety by both Federal and Dis- trict officials, reviews of the automotive industry and forecasts for the coming year by leading moanufacturers. The section is s | compiled by G. Adems Howard, Automobile Editor. Jvlfle' who' had been living with her Ay 'y By the Assoctatea Press INEOLA, N. Y, Oct. 29.—Mrs. Elizabeth Eaton Guggen- heim, divorced in Reno Tues- day from Col. M. Robert Guggenheim, and her escort reported to Nassau police they were beaten and robbed of $400 by two men early today as they were leaving a Jamaica ave- aue restaurant. Mrs. Guggenheim, whose chin and cheek were cut, said the men took $300 from her while her escort, John Frey, jr., 23, said he lost about $100. | The robbers escaped. Frey suffered a split scalp and a black eye. They were treated at | Nassau Hospital after telephoning police. Mrs. Guggenheim, 35, won her di- HUSBAND SLASHES WIFE AND SELF Mother-in-Law Also Cut in 20th Street Apartment Fray. A frenzied husband, armed with a banana knife and a carpenter's hatchet, today cut his wife's throat, slashed her mother and then attempted to take his own life in a blood- smeared apartment at 908 Twentieth street N.W. The 19-year-old wife, Mrs. Rosa Belle Ainsworth, was said to be in a critical condition at Emergency Hos- pital. The mother, Mrs. Rachel Beans, 45, an invalid, was badly cut on the face, but physicians said she would recover. The husband, Martin Ains- worth, 32, had slashed his own throat, but the wound was not believed serious. Son Found Unharmed. Their 1-year-old son, Leslie Ains- worth, was found unharmed in his crib when police forced their way into the apartment. According to the story told to po- lice by Luther Thomas Beans, Ains- worth’s brother-in-law, the husband, wno lives at 927 Twentieth street N.W., came to the apartment about 10 o'clock this morning to see his wife. “Martin knocked on the door,” Luther said, “and I let him in. First, he walked to the back porch, picked up my father’s carpenter hatchet and asked if I thought father would ob- ject to his using it today. I knew that he had borrowed it before and told him I didn’t think there would be any objection. “Then he asked me if I would mind going to a parking lot on K street to get his car so he could go to work. Not expecting any trouble, I left, but when I got to the lot the attendant told me Martin had taken his car at 4 o'clock this morning. I hurried back to the apartment then, but they were taking them to the hospital when I arrived.” Maid Escapes. The only witness to the cutting was a maid, Gorda Bell, who had been employed to attend Mrs. Beans. She was unable to give a coherent account of the attack, but said Ainsworth, after cutting the two women, turned toward her with the bloody knife in his hand and shouted: “Damn you, I might as well kill you, As he advanced toward her, she ran out of the apartment and called police. ‘When officers arrived from the third precinet station, which is in the rear of the apartment, they found the two women and Ainsworth in the kitchen. One of Mrs. Ainsworth’s eyes was swollen shut, and police expressed the belief the husband struck her with the blunt end of the hatchet before cut- ting her throat. Mrs. Ainsworth and Mrs. Beans were taken to the hospital in the third precinct patrol, the hus- band being removed in an ambulance. Mrs. Beans’ husband, Luther Turner Beans, a carpenter, left for work early today and could not be located immediately by police seeking to notify him of the tragedy. . Definite Motive Not Established. A definite motive for the attack could not be esatblished, but police believed Ainsworth demanded that his (See SLASHING, Page A-5.) 4 Mprs. Guggenheim and Escort Beaten and Robbed of $400 Mrs. Elizabeth Eaton Guggenheim leaving a Mineola, N. Y., police station after telling police about two men beating and rob- bing her and her escort, John P. Frey, jr., as they left a restau- rant early today. Note patch on Mrs. Guggenheim’s chin. —Copyright, A. P. Wirephoto. vorce in a private trial on grounds of cruelty. She was married to Gug- genheim, one of the heirs to the Guggenheim mining fortune, in 1928. Frey said Mrs. Guggenheim took a plane from Reno to Cleveland, where he met her, and that they were on their way to their homes in Babylon, Long Island, when they stopped at the Commercial Club, Queens Village, for something to eat. When they came out and walked toward their parked car, he said, the two men attacked them, knocked him unconscious, robbed them and fled. After being treated at the hospital, Mrs. Guggenheim and Frey went to the third precinct station to give po- lice a more detailed account of the incident. POTOMAC BATTERS SPAN AT HANCOCK Flood Crest Passes Cumber- land and Threatens-to Wash Bridge Away. (Picture on Page A-4.) By & Staff Correspondent of The Star. HANCOCK, Md, Oct. 29.—Flood waters battered the Potomac bridge here today and threatened momen- tarily to sweep it from its foundations. ‘While muddy waves and debris pounded the bridge, the river’s over- flow was 4 feet deep over several low-lying blocks in Hancock’s business district. Occupants of at least 40 houses were removed in boats, and other residents were driven to the second floors of their homes by the rising flood. The crest, however, was expected hourly. A bridge on the Cumberland high- way near here was under 4 feet of water today. This and the Potomac bridge were closed by highway police. The Potomac bridge was replaced after it was washed away in 1936. FLOOD PASSES CUMBERLAND. Residents of Ridgely Prepare to Re- turn to Homes. CUMBERLAND, Md,, Oct. 29 (#).— As the flooded Potomac River wearily bore its weakening crest downstream today, Cumberland and its river-bank neighbors gazed with relief at evi- dences of inches-high waters in their business and residential districts. Assured finally that a repetition of the disastrous floods of 1936 was not at hand, residents and National Guardsmen began to tear away sand- bags and river barricades. They had been thrown up hastily yesterday to ward off the threatening waters. Across the river, at Ridgely, W. Va., at least 250 residents were prepared to return to the homes they left last night when flood waters swept in. Last night they sought shelter in a school- house and several high-land residences. Before midnight the waters in the threatened areas had begun to recede appreciably. CREST NEARS WILLIAMSPORT. River 25 Feet Above Normal and Rise of 2 Feet Expected. HAGERSTOWN, Md., Oct. 29 (Spe- cial) —The Potomac River is receding at its headwaters and nearing its crest at Willlamsport, 80 miles below Cum- berland today. At 7 am. it was 25 feet above normal at Williamport and is expected to rise 2 more feet before Possibility of flood damage along the Washington water front was les- 1 B2 g g T i i H i HOUSE COMMITTEE ACCORD REPORTED ON CROP PROGRAN Soil Conservation Will Be Continued in New Plan, Jones Declares. EVER-NORMAL GRANARY SCHEME ALSO APPROVED Any Benefits Will Be Paid on Basis of Tilled Acreage Rather Than Production. BACKGROUND— “With a farm bill listed as the No. 1 item on the legislative calen- dar for the special session, House Agricultural Committee began hearings Wednesday in effort to have draft of bill ready when Congress assembles November 15. Five subcommittees were named to draft provisions for corn, tobacco, dairying, wheat and rice and cot- ton. By the Associated Press. Chairman Jones said today the House Agriculture Committee had reached a “general accord” on three major features of a farm control bill. It was generally understand, he told reporters, that: The present soil conservation pro- gram be continued; an “ever-normal” granary be established for those crops to which it is most adaptable, and any benefits paid farmers be on a basis of tilled acreage rather than pro- duction. The chairman added that the com- mittee was making “progress on get- ting together,” but that it had not reached agreement on any specific legislative language. He said members would meet again Monday, when drafts of some of the general provisions might be ready for consideration. The question of marketing quotas, penalties and processing taxes has not yet been covered, he added. Penalties Held Unnecessary. Chairman Fulmer of a subcommit- tee in charge of formulating pro- visions for cotton told reporters he would recommend that cotton farmers be given soil-conservation benefits, a subsidy of 3 cents a pound, and per- haps additional benefits to be paid :rom proceeds of a small processing ax, X He said he did not believe penalties or marketing quotas would be neces- sary because the plan could be made %0 “attractive” that virtually all cot- ton producers would comply. Fulmer said he favored, too, appli- cation of the granary—the storing of surpluses for use in lean years—to the cotton crop. He said it would tend to keep down speculation in cot- ton, protect consumers, and stabilize the price level. Some spokesmen from the cotton States, however, have argued that cotton should not Be brought under the granary provisions because lean cotton crops are rare. Members of the committee disagreed over making the proposed crop-control program compulsory or voluntary, Wallace Wants Compulsion. They will not make a final choice until subcommittees have drafted all other details of a bill for presentation to the special session of Congress. Representative Coffee, Democrat, of Nebraska was one of those expressing opposition to compulsory control. “I don’t believe in it, and I don’t believe we are going to have it,” he said. He suggested a dual price system that “would assure the farmer a fair price on the domestic markets and allow_him to compete in the world markets with surpluses.” Secretary Wallace has said definite control over surplus crops is essential to success of the proposed ever- normal granary program. “If we have high loans (on stored crops),” he said, “there is no question but that strong control should accom- pany them. Otherwise the Govern- ment would let itself in for a tremen- dous loss.” y | HOPE IT'S SOMETHIN’ FOWERFUL THIS TIME! o -\\\‘{\\\‘ l(l ’/([11;( L) Wb Iy RN, DAVIS MAKES FIRST PARLEY CONTACT Visits Belgian Minister of Foreign Affairs—Asserts Developments Lacking. { | By the Assoctated Press. BRUSSELS, Oct. 29.—Norman H. Davis, Ambassador at Large to Eu- rope, visited the Belgian minister of foreign affairs, Paul Spaak, at noon today to establish the first official con- tact of the United States delegation to the Nine-Power Conference with the Belgian foreign office. Davis, head of the delegation, emerged with Hugh S. Gibson, United States Ambassador to Belgium, after a brief call, which he described as merely & courtesy visit. He had no new developments to report concern- ing the Nine-Power Conference, set for November 3. Davis and Spaak arranged to meet again-at & luncheon given by Ambas- sador Gibson in honor of the United States delegation. So far the United States delegation is the only one that has arrived for the conference. Political Situation Uncertain. While the Americans were estab- lishing their first contact, the Bel- gian political situation remained un- certain. Henri de Man, a Socalist, who formerly served as minister of finance, was seeking to form a new government to succeed that of Paul van Zeeland, who resigned this week. De Man, invited by King Leopold to form a cabinet, was holding a se- ries of conferences with various po- litical leaders, but at noon had not succeeded in working out a combi- nation which he could present to the King. He said at a press conference, how- ever, that so far he had encountered no “insurmountable obstacles.” He hoped to have something definite to report tonight or tomorrow. Germany Not Participant. BERLIN, Oct. 29 (#)—Germany formally notified Belgium today she would not participate in the nine- power pact conference starting next Wednesday at Brussels. The formal reason given was that Germany was neither a signatory nor an adherent of the treaty guarantee- ing China’s territorial integrity. Chinese Ask Pact Observance. SHANGHAI, Oct. 29 (#).—The Na- tional Associated Chambers of Com- merce of China telegraphed nine- power pact conferees in Brussels to- day, deprecating any attempt at Chi- nese-Japanese conciliation involving abandonment of principles. of the pact. Summary of Page. Amusements. C-8 Comics... D-10-11 A-10 A-17 C-9 Woman's Pg. Obituary ... A-12° WAR IN FAR EAST. Three British rifiemen killed by Jap- anese shells. Page A-1 Japan insists China must propose peace talk direct. Page A-5 FOREIGN. Davis makes first contact for nine- power conference. Page A-1 Floods delay warfare on Aragon front in Spain. Page A-2 NATIONAL. Truman adjourns rail hearing after tilt with witness. Page A-2 Floating of securities awaits more stable market. Page A-1 House Committee divided on crop con- trol program. Page A-1 Violence flares in New York milk strike. Page A-4 WASHINGTON AND VICINITY, Husband slashes wife, mother-in-law and self. Page A-1 Dr. Carrie Smith, head of girls’ train- ing school, discharged. Page A-1 All gbout the rise and fall of Gen. Craig’s ‘mustache. Page A-3 Ickes lsunches traffic reform program in parks. 2 Page A-15 Dr. William Jeffries Chewning dies in ‘Walter Reed. B-1 Page Palanisano starts study of D. C. gov- Page Today's Star Planners back move for new D. C. 2oning law. Page B-1 FINANCIAL. Corporate bonds improve (table). Trade advance widens. Loadings drop below 1936. D. C. utilities report. Stocks move up (table). Curb list higher (table). SPORTS. Three big grid games on local fields within 24 hours. Page D-1 Traditional title feature football card this week end. Page D-2 Hard work will determine Montague's status in golfdom. Page D-3 Armstrong and Sarron in feather- weight title bout tonight. Page D-4 EDITORIAL AND COMMENT. Page A-17 Page A-17 Page A-17 Page A-18 Page A-18 Page A-19 Editorials. Page A-10 This and That. Page A-10 Answers to Questions. Page A-10 Political Mill. Page A-10 ‘Washington Observations. Page A-10 David Lawrence, Page A-11 H. R. Baukhage. Page A-11 Dorothy Thompson. Page A-11 Constantine Brown. Page A-11 Lemuel Parton. Page A-11 MISCELLANY. Vital Statistics. Dorotity Dix. Page B-10 Page C-9 Betsy Caswell. Page C-9 Shipping News. Page C-10 City News in Brief. Page C-11 Traffic Convictions. Page C-11 Bedtime Stories. Page C-12 Cross-word Puzzle. Page D-10 Page D-10 Page D-11 Nature’s Children. Page D-12 Dr. Carrie W. Smith Dismissed As Head of Training School Is Relieved of Post on| Recommendation of W elfare Board. BACKGROUND— Appointed superintendent of Na- tional Training School for Girls a year and a half ago, Dr. Carrie Weaver Smith obtained $100,000 appropriation to improve condi- tions at institution and aroused in- terest of Mrs. Roosevelt after she had entertained the girl inmates at White House tea. Later, however, her administration was complicated by riots at the school. Dr. Carrie Weaver Smith, superin- tendent of the National Training School for Girls, who won the sym- pathy of Mrs. Roosevelt and the ap- proval of Congress for a $100,000 ap- propriation for physical improvements at the institution, was discharged by the Commissioners today “for the good of the service.” ‘The action was taken on recom- mendation of the Board of Public Welfare, which is charged with re- sponsibility over this and other wel- fare agencies. It was said to be based in part on riots staged at the school by inmates. The Welfare Board told the Com- missioners it had been unable to satisfy itself “either that the situation is under control or that it is likely to be under control under the present administration.” Dr. Smith was suspended early to- day by the Welfare Board after she had refused a suggestion that she re- sign, according to the reports of Dis- trict officials. The issue then was carried to the Commissioners, who approved & recommendation for the discharge. DR. CARRIE W. SMITH. —Harris-Ewing Photo. The Welfare Board promptly desig- nated Dr. James Lewald, head of the District Training School at Laurel, Md., to serve as acting superintendent of the National Training School for Girls, and Mrs. Margaret Corridon, matron at the District Jail, to be acting assistant superintendent. Dr. Smith, located after the an- nouncement at the office of Miss Katherine Lenroot, head of the Labor Department’s Children’s Bureau, told reporters she was “discharged with- out a hearing or any notice whatso- ever.” “I was just called before the Board of Public Welfare and told to get out,” she declared. “I was asked to resign and I refused. Director Street (El- wood Street) told me that I was to be (See DR. SMITH, Page A-4.) MARKET DELAYS ~ AUTO CRASH DEATH NEW SECURITIES HOLDS D.C. OFFICIAL Flotation Held Up Pending Wall Street’s Return to Stability. By the Associated Press. A check-up of Securities and Ex- change Commission records indicated today that a huge backlog of new in- dustrial financing may be released once business is assured of fairly stable market conditions. One of the obvious designs of the Federal Reserve Board change in mar- gin requirements was to encourage the floating of these security issues, which ‘would finance new and expanded busi- ness activity. To some Federal economists one of .the most disturbing élements in the current industrial situation has been the slump-in security offerings in the wake of the stock market decline, Securities Commission records showed that since September 1, 69 companies have requested postpone- ment of the effective date of issues totaling more than $200,000,000. Ten Are Withdrawn. Ten of these issues have since been withdrawn, but the backlog remaining on the commission’s books included securities of 44 com) totaling $116,000,000, in addition to 15 others recorded only by number of shares. Commission officials said this was only part of the picture. Many of the bigger they said, probably (See 8. E. C,, Page A-4) Moffett Arrives to Testify. NEW YORK, Oct. 29 (#).—James A. Moffett, board chairman of the California-Texas Oil Co., returned from london today on the United States liner Manhattan to testify in Federal der indictment at Madison, Wis. Moffett was Federal housing ministrator in the first Roosevelt ad- ministration. Mine Blast Toll Now 14. ANCHORAGE, Alasks, Oct. 290 (#).— Coroner’s Jury Rules High- way Inspector Driver in Kelly Accident. A coroner’s jury today ordered Ed- ward D. Williams, 39-year-old Dis- trict highway inspector, held for ac- tion of the grand jury in the traffic death Tuesday night of Charles E. (Finney) Kelly, 42, former District policceman and for many years a pitcher for the police baseball club. ‘The jury decided that Williams, who lives at 1360 North Carolina avenue 8E., was driving the automobile in which Mr. Kelly and George H. Durity, 36, of Upper Marlboro, Md., were riding. Mr. Kelly, who lived at 435 Fif- teenth . street S.E, was pronounced dead at Casualty Hospital after the car crashed into a light pole and a small tree, careened across the street, ran over a vacant lot and came to rest against a house at 1736 Good Hope road SE. Mr. Williams, who appeared at the inquest with his arm in a sling and his face cut, told the jury that Kelly was driving. During Mr. Williams’ statement to the jury Mr. Kelly's son Charles began crying and muttered: “He’s lying.” Mr. Durity did not appear at the in- quest because of & seriols head in- jury. He is in Casualty Hospital. Detective Sergt. John H. Wise of the Homicide Squad testified that Mr. Durity had told him he believed he was sleeping on the rear seat of the car at the time of the accident and didn’t know who was driving. Policeman Raymond L. Eubank, eleventh precinct, said he removed Mr. Williams from under the driver’s wheel several minutes after the crash. An autopsy report showed that Mr. Kelly died of a crushed. skull, a crushed abdomen and accompany- ing hemorrhage and shock. Dies at Sister’s Funeral. NEW YORK, Oct. 20 (#).—Com- plaining of illness, Mrs. Ida Berner, 46, arose among 20 relatives and friends attending the funeral of her sister last night and said: “You're going to carry me out of here like sister” In & few moments she dead. > my WaS 16 CLOSED BANS LKELY T0 YIELD * ADDED §10000 Dividends to Go From 70.9 to 90.9 Per Cent, 0’Con- nor Report Predicts. FIDELITY SALE APPROVAL MAY COME NEXT WEEK Four of the 16 Houses Will Re- turn 100 Per Cent to Depositors, Receivers Estimate. Depositors in 16 closed banks here probably will get about $7,900,000 more than they already have received, according to an official estimate by Controller of the Currency J. F. T. O’Connor, in charge of these receiver= ships. Average dividends here probably will be mncreased from 70.9 per cent to 90.9 per cent, he said. Progress in the Fidelity Building and Loan Association case also was reported by the Controller, who said the proposal for sale of its assets to the new First Federal Savings and Loan Association probably would go to court for approval early next week. These announcements were made by the Controller in an address last night before the National Woman's Democratic Club. “We have 16 banks in receiver- ship whose deposits at date of clos- ing were $39,893,928,” the Controller said. “Deposits have been paid off in the amount of $28,298,256, or 70.9 per cent, including offsets allowed. It is esti- mated that additional recoveries to depositors will aggregate $7,979,415, or 20 per cent, which means that it is expected that depositors of these 16 banks will receive an average return of 90.9 per cent. Four to Make Full Return. “The average percentage of expense of liquidation to total collections, in- cluding offsets allowed, is 6.8 per cent. The receivers estimate that four of these 16 banks will return 100 per cent or more to depositors. Two re- ceivership banks in the District al- ready have paid their depositors in full “The Chevy Chase Savings Bank has returned to depositors 108 per cent, while the Woodridge-Langdon Savings & Commercial Bank has paid dividends amounting to 100 per cent. Both of these receiverships have been terminated and the Chevy Chase Sav- ings Bank had a remainder of assets to deliver to the stockholders’ agent.” The controller did not name the other two banks which he estimated would return 100 per cent or more 0 depositors. The recent report of F. J. Young of the United States Savings Bank, however, has been interpreted as indicating this receivership will be one of those to pay out. “The receivers and conservators of 15 banks in the District of Columbia borrowed from the Reconstruction Finance Corp. $14,408,583," said the controller,” and all but $1,071,048, which is owed by five banks, has been repaid.” Fidelity Case. Discussing the Fidelity case, Mr. O’Connor said: “Under the plan worked out, the re- ceiver of the Fidelity Building and Loan Association will sell the assets ot the old association in bulk to the newly-established association and as purchase price therefor the new asso- ciation will furnish funds so as to enable the controller through the re- ceiver to pay a first and final dividend of 85 per cent to all shareholders of the old association. It is necessary, of course, that the old shareholders legally establish their claims with the receiver. The face amount of shareholders’ accounts in the old association aggregates approxi- mately $4,500,000. Dividends will be 85 per cent of that or approximately $3,825,000. “A contract covering the proposed sale has been agreed to by the new association, the receiver and the Fed- eral Home Loan Bank Board. The of- fice of the controller of the currency is now awaiting receipt of advice from the First Federal Savings & Loan As- sociation and from the Federal Home Loan Bank Board of formal and offi- cial approval. “It is expected that details will be worked out during the next few days and that a petition requesting approval can be filed in court probably next week.” EMPLOYES BENEFIT BY APPORTIONMENT 265 Workers of Standard 0il Co. in Washington Area Will Receive Minimum of $50 Two hundred and sixty-five Wash- ington employes of the Standard Oil Co. of New Jersey will share in the apportionment of $4,000,000 to be made shortly by the company, it was sald at local offices of the concern today. The apportionment, which was an- nounced locally by W. H. Evans, man=- ager of the Maryland-Virginia-District area, will benefit approximately 36,000 employes by a minimum of $50 each. The allotments are to be made in the form of crediting the additional amount to the individual accounts of employes participating in the com- pany’s annuity and thrift plan. Of the 36,000 individuals, about 32,000 already are participating in the plan, For regular participants the proposed contribution will amount to almost 22 per cent of their own and the com- pany's contributions between Novem- ber 1, 1936, and November 1 of this year, it was said. Last year there was a distribution of $2,500,000. -