New Britain Herald Newspaper, October 5, 1928, Page 28

ANUSENENT TODAY Have Roud of Goll Engage- monis, Theaters and Liuncheons | Philadelphia, Pa.. Oct. 5.—(UP)— | Having finished their most import- | ant business, delegatea to the con- | vention of the American Bankers' | association turned to amusement to- | day. The bankers flocked to the goif | links early today and later were to be entertained at luncheons, din- ners and theaters. { Surveying their work of the last | week, many bankers expressed the conviction that much had been ac- | comaplished towarl remedying the defects in the financial structure of | the nation. A resolution urging the limitation in “some reasonable manner” of “bootleg loans” in the call money market was adopted yesterday but | N0 suggestion was made as to how to | prevent individuals, corporations and | institutions from making loans against stocks and bonds, a pro- cedure which now is netting 7 to 10 per cent. “Many corporations have been | supplied with funds for which they | have no use during the major part of the fiscal year and which they | have utilized by making loans | against stocks and bonds,” said the | resolution which was adopted | unanimously. “At the same time we | continued to make loans to Europe which, folowed by experts of gold. | quirements continue to expand. they will gradually return to thelr former velations with their bankers under which they maturally borrow through the isuance of eligible pa- per while processing material nd distributing production,” the resolu- tion continued. “We therefore look upon the present situation as one which will undoubtedly correct itself as time goea goen on until the banking system of the country again has & proper control over surplus funds. But it is our opinion that the de- velopment of the practice of with- drawals from banks by corporations and others for the purpose of mak- ing loans on stock exchange securi- ties should be limited in some rea- sonable manner, possibily upon the maintenance of the normal balance which should not be dis- urbed by those who stock exchange loans.” Oppise Tax The bankers also went on record as opposed to-a capital gains tax, which they termed as “uneconomic and unsound in principle and prac- tice.”” They also declared themselves against discrimination by states in bank taxation and against the ren- dering of service by banks without proper compensation. BLAGK DESIES CAMPAYGN PROBE Wants Expenses of Mrs. Wille- brandt Tnvestigated Washington, Oct. 5.—(UP)— based | take part in | stroet wag entered last night by burglars but an inventory by the propristors this morning showed that nothing was missing, the marauders evidently having been scared away by Officer Edward O'Connor. who discovered the rear door open. New Boys' Club Directors W. E. Tracy, C. E. Carlron, and Miss Clara O'Connell have been elected directors of the Boys' Club Association, Inc.. for three years to succeed Edson M. Peck, Mrs. W. J. Malone, and Mrs. Fred Beach. deceased The trustees of club are appointed by the churches in town, and as the constitution provides that if any of the churches fall to make appoint- ments their place may be filled, the following were elected trustees at large: C. T. Treadway L. A.! Crumb, and Rene | Wheeler, W. R. Taillion These trustees will serve until the next annual meeting. McANDREW APPPOINTED Washington, Oct. 5 P—William McAndrew, former superintendent of Chicago public schools, and the target of Mayor Willlam Hule Thompson in bis campaign agaiust what he termed pro-Rritish text- books, has been appointed chairinan of the remolutions committee ,of the department of superintendence of the National Education association. FORMER CLERK ARRESTED West Chester, Pa., Oct. § UP—Miss Dorothy Curry, former clerk in the business department of the West | Chester State Teachers' college here. was arrested today on a charge of Specizl for Saturda Legs of (Genuine SPRING LAMB 35C :‘l‘l‘ sizes Jones' Quality Market 33 Myrtle St Tel. 285 Free Delivery |G. F&fi g Co. Free Telephone Service from embessling funds frem the instite- | Enid champlonsilp for women at Walton- |ing_ring tion. : Wilson i! ins beath today. Misa Curry waived & hearing be- Women's Golf Title ~ fore Justice of the Peace R.J. Pat-| London, Oct. § UM—Enid Wilson, vick and was heid tn $3.000 bail fer |ye © Tl hire golfer, 15 Held in Shoplifting court. The amount of the embezzle- ment was not given in the wnrenws beat Dorothy Pearsonm. 31 of T chandiss from - Bestes Ring in Boston ‘” Police | wouid fouow shortly. Boston, Oct. 5.—(lU/P)—Fifteen $14,000 was involved. | Knapp Felt Hats For Women—Herc" Albert Ste’ aet. lnc, “The Stors of Specialty Shops"—Main at Pratt St., Hartford Cloth Coats Featured Saturday at $69-50 Richly furred in the Paris manner... eep collars and cuffs of caracul, baby seal, baby lynx, opossum and rich contrasting fox . . . in black, brown tones, wine, blue resulted in a net loss of $500.000,000 Representative Loring Black. demo- in geld, and lessened to that extent | crat, New York, announced today our surplus reserves.” | he would request the house repre- Loan Demand Increase | sentatives campaign funds commit- The resolution added that because tee to make a special investigation | of the unprecedented interest of the | of campaign activities of Mrs. Mabel | New Britain—Call 3500 public in stock investments and | favorable business developments, the | demand for stock exchange loans was increasing. | “We recognize the fact that, as| corporations which have secured funds through the issuance of se- curities in excess of current re- Walker Willebrandt, assistant U. 8. attorney general, and of charges that the republican organization had injected the religious issue into the | presidential campalgn. Black's announcement was made as the house campaign funds com- | mittee met at his request. He had a motion prepared asking that the in- vestigation start lmmediately. “There is some one high up in republican politics behind all the re- ligious propaganda that has been spread.” Black said. “I have a number of pamphlets to show the committee and want it to find out who sponsored them and who paid for them.” Black #ald he would ask the com- ! | mittee to subpoena Mrs. Willebrandt " v and a number of high officials in the republican presidential campaign, on the witness stand but was uncertain this could be arranged. The demo- crats. it was pointd out, are in & minority on the committee. BRISTOL NEWS (Continued from Page 13) and burial was in the Forestville cemetery. Shoe Shine Parlor Entered The store occupird by the Central Shoe Shine Parlor at 91 North Main ’sfrlgt-glllm & Ca. INGC, HARTFORD delighted with their qu Chokers Two and three 20 inch Pearls + $1.00 The fine imported Fra ways smart, always in good taste. And you'll be Uniform and Graduated ench pearls that are al- ality, and amazed that they can be priced so low! Lariats Ties row necklaces “Debutante” Necklaces in 16, 18 and lengths Jewelry Shop—Main Floor » Seey :/7/ % ‘\\\\ A Splendid Group of New Winter The supple grace of cloth is com- , bined with the warmth of fur in these smart fur-trimmed coats that are appropriate for wear to the football game, for motor travel about the bright autumn countryside, or for street wear. Coats—Third Floor Tweed Frocks Smartly in Vogue 516 The model sketched (of flecked beige tweed) is typical of the youthfully smart frocks at $16.50, chosen for business and sports. There are many other styles in browns, grays and the new slate blues. Steiger’s—Fourth Floer Eight New Shades in Silk Hose $1. It's the shade that counts in hosiery ... that's why these me- dium weight pure thread silk hose are so desir- able . . . with choice of Costume Slips $ 1 59 Some with picot ruf- fles . . . others with plain bottoms . . . in tel and some (r:r.i shades ... regularly $1.98, Steiger's—Maln Floor, * Special Sale - Silk Negligees $9.45 A special purchase usually $12.50 to $15.96 and even higher... lovely for shower gifts ...or to lay away until Christmas. Steiger's—Third Floor. F New Fall Gloves in Two Special Groups 95¢ i At 95¢c.—Novelty fabric gloves in slip-on or cuff style...in Havana Brown, Mexican or butter. Regularly $1.50. Soleil and Felt Lead in Hats at $4.95 The smartest women are choosing hats with the eyebrow brimline... hats that have a flattering long right side to the brim . . . or chic turban or beret types . .. all are well represented here at $4.95...in black, the new browns, blues and wine tones. Teatime Misty Morn Mirage Grain Honey Beige Boulevard Cuban Sand Pearl Blush Stcigers—Main Flosr L) < Steiger's—Third Floor. Smart Fall Shoes Specially Priced at $6,85 Saturday only . . . a selected geoup of best selling fall shoes, including: Genuine Brown Python One Straps Genuine Black Genuine Alligator Lizard with Patent Pumps or %fl Genuine Brown Lizard with Suede Genuine Brown Lizard with Kid At $1.98—Washable capeskin—very much in vogue—in slip-on or tailored cuffs...tan, mode, gray or black with white. 0 Steiger's—Main Floor. For Personal Shopping Service Write or Phone Caroline Gray—Phone 2-1208 Steiger's—Main Floor. allegrdly. rospousible for thefts of more then $150.000 I8 mel~ stores during the past sis menths. Police sald today mere arvests Five men and their wives and & of arrest. but it has been stated that\ bridge Wella, 9 and 8. in the 36-hole [ permons were held today while pelice | 13-year-old girl were ameng 1hess final round of the English closed | continued investigation of a shoplift- | taken inte custody last night. d