Evening star. [volume], June 11, 1930, Page A-6, Image 6

About Evening star. [volume] (Washington, D.C.) 1854-1972

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A-6
LOUISIANA BANKER
EXPECTS NORMALCY
predicts Business Recovery
Will Be Completed Within
Six Months.
®7 tbl Associated Press.
BILO3O, Miss . June 11—The awaken
ing of renewed activity In building en
terprise. in electrical development, in
food distribution and In the radio,
cinema and automobile fields is forecast
by J. A. Bandi of New Orleans, vice
president of the Canal Bank & Trust
Co. He told the National Association
of Building Owners and Managers he
believed the return to normal business
would be achieved within six months.
“Concentrated thought and effort is
being devoted to giving better housing
facilities for the masses in our cities
and in applying newer and heretofore
untried principles to skyscraper and
plant construction.
"Easy money will be an encourage
ment to enterprise that will begin with
the small merchants and later relate
Itself to the wholesalers and the manu
facturers.
“Great public movements and large
expenditures will stimulate trade in cer
tain directions until the full movement
It reached.”
The association’s convention was
opened Monday with addresses by
Bandi and Paul M. Robertson of In
dianapolis. president of the association.
The New Orleans banker said: “Intel
ligent advertising, elimination of mar
ginal producers and efficient operation
results will be necessary to meet the
growing competition for business in all
directions.”
Robertson, In his address, praised the
Hoover business service conference, say
ing that it had released millions of dol
lars for building trades pay rolls
through the rehabilitation of old build
ings.
gateslmadeTpresident
OF U. OF PENNSYLVANIA
Prominent Financier to Be Admin
istrative Head Without Pay
in Hia Alma Mater.
By the Associated Press.
PHILADELPHIA. June 11.—Thomas
B. Gates, partner in the firm of Drexel
Ac Co., this city, and J. P. Morgan <Sz
Co., New York, was yesterday elected
president of the University of Pennsyl
vania. a newly created office.
The announcement was made last
Bight by Dr. Joslah H. Penniman.
provost of the university, and in that
capacity the financier will become “the
chief executive officer of the univer
sity.” In accepting the appointment
Mr. Gates specified that he would serve
without compensation. He was gradu
ated with the class of 1893.
Dr. Penniman will continue as prov
cet It was understood that Dr. Pennl
man will attend more to educational
aspects of the university and Mr. Gates
to the administrative phases.
COL. NEWELL TO LEAVE
ARMY AFTER 38 YEARS
Orders Assigning Officers to Hew
Posts Made Public by War
Department.
001. Isaac Newell, United Btates In
fantry, at San Francisco, will be re
tired October 31 on his own application
after more than 38 years’ service; Lieut.
Gol. Robert Blaine, Cavalry, at the
Army War College, has been assigned to
duty in the office of the chief of Cav
alry. War Department; Chaplain Hay
wood L. Winter, at Miami, Fla., has
been transferred to the retired list on
account of disability Incident to the
service; MaJ. B. K. Yount, Air Corps,
at Langley Field, Va., has been assigned
to oommand of the Rockwell Field,
Coronado, Calif.; Capt. G. C. Park
hurst. Infantry, has been transferred
from Hawaii to Fort Adams, R. I.; Capt.
M. S. Kennebeck, Dental Corps, from
Hawaii to Fort Hancock, N. J.; Capt.
R. L. Smith, Corps of Engineers, from
Panama to Mitchel Field. N. Y.; Mas
ter Sergt. Alonzo E. Rathburn, 3d Cav
alry, at Fort Myer, Va., has been placed
on the Amy retired list on his own
application after more than 30 years’
active service.
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You /itfve more /ime for your children, too!
WASHDAY is more costly and doubly trying to the
young mother who does her laundering at home.
4J Why expose yourself to washday work and worry when
the Manhattan Laundry can lift the entire burden from
your shoulders—and at such a reasonable cost? Not only flS3g||||k
that, clothes wear longer when sent to the Manhattan. The
“Net Bag System” of washing saves you money by saving .
your clothes. No rubbing or scrubbing. The Nets stand We Nave YOU .
between your clothes and all'hard surfaces. Many changes By Saving \bur Clothes
of swirling suds, and many rinsings, swish the dirt away.
Manhattan collects, launders and delivers your clothes
all in three days. And for women who work, collections
are made before 8 a.m. Phone today and have pur repre*
tentative explain to you the many money saving Manhat
tan services from which you may choose.
MANHATTAN LAUNDRY
PHONE DECATUR. 1120
Entire AlTertlMment OapyrUhted IBBQ.
WHERE THE NET GETS THE WEAR AND THE CLOTHES GET WASH
Probes Lynching
EL
’ Ik ’
ATTORNEY GENERAL J. BERRY
KING.
Is in charge of investigation into the
fatal wounding of Henry Argo. Negro,
during a mob attack on the county jail
at Chicka6ha, Okla.
—Associated Press Photo.
JAIL FORMER OFFICER
SANTO DOMINGO, Dominican Re
public, June 11 <A>).—Alfredo Ricart,
i former minister of national defense in
1 the cabinet of former President Horacio
Vasquez, was arrested yesterday, but
liberated shortly afterward.
His arrest followed the imprisonment
Monday of two others who served un
der Vasquez—Angel Marla Soler. former
minister of foreign affairs, and Martin
Moya, former finance minister.
The new government has given no
reasons for the arrests.
For real service—plus beauty, style and
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equal. There’s teal comfort in the fine-
Kl ly woven elastic . . . the soft, perfectly
tailored shield.. .and the exclusive Paris
HI locking device. Paris will keep your
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RT TB finest hose will never tear when held by
the patented Paris rubber cushion clasp
Paris Garters ... perspiration will never rust the metal
254 to $2 parts. Always pause long enough to ask,
Paris Suspenders distinctly, for Paris .... it will mean
504 to $5 many months of satisfaction for you.
B PARIS
GARTERS
No metal can touch you
Keep UP your good appearance
THE EVENING STAR, WASHINGTON, D. C., WEDNESDAY, JUNE 11,, 19301
'COMPLETE PLANS
FOR GERMAN LOAN
About $98,250,000 of $300,-
000,000 Issue Will Be
Floated in U. S.
By the Associated Press.
PARIS. June 11.—First commerciali
zation of the German reparations debt
will be undertaken during this week
with issuance in the nine interested
countries of a $300,000,000 German rep
arations loan. About $98,230,000 of the
loan will be floated in the United
States.
Details of the issue were decided in
Paris during a three-week session of
international bankers, representatives of
the Bank of International Settlements
and officials of the creditor powers, and
were announced last night by officials
of the new International Bank.
The loan Is to be known as the “514
: per cent 1930 German government in
ternational loan.” The day of issue is
to be left to the interested govern
ments; the price is 90 for every country
except France, where it Is 98. each $8
of the price going to the French treas
ury as capitalization of tax for 30 years.
Confident of Subscription.
Financial circles were confident here
today that the issue would be subscribed
BALDNESS
Ecan BE AVOIDED
Try LUCKY TIGER for falling hair
■ proven germicide. A
npHkdeiightfuUv perfumed heir
jJgJDdreMing. America’*largeit
j-JSwa seller at Barber*,Druggists.
within a week, and that the first slice
of the unconditional part of the Ger
man annuities fixed by the Young plan
will have been commercialized. The
object of the loan Is to furnish, in
accordance with The Hague agreement,
the first slice of reparations established
under the Young plan. Os the amount,
$100,000,000 will go to Germany for
Internal improvement and the re
mainder to creditor nations.
Two final points delayed the work of
the international group arranging the
loan These were the price of issue
and the extent of the bankers’ commis
sion. The suggestion of Montague Nor
man, governor of the Bank of England,
that the commission of the American
banking group be fixed at a higher rate
than that for other ■countries because
of the system on the American market
finally was adopted.
$50,800,009 for Expenses.
The conferees understood that the
American commission is 4 per cent. The
loan itself actually will total between
$340,000,000 and $350,000,000. the
amount over the $300,000,000 being to
cover these bankers’ commissions and
expenses of the issue.
The nominal amounts to be subscribed
in the different countries are as
follows:
United States. $98,250,000.
Germany, 36.000,000 reichsmarks
(about $8,200,000).
Belgium, 35.000,000 belgas (about
$4.500.000).
tJhe o/iilius XjMjishurgh
It Is Pleasant to Select the Suite Desired From Our Large Display Floors
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■I I ™
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Truly an attractive Gothic style suite of selected Consisting of 60-inch buffet, semi-enclosed glass door
walnut veneer over gumwood foundation. Comprises a yd china closet, enclosed server, oblong extension table, five
French vanity, return end bed, deck chest of drawers and I £jk side chairs and one host chair. Seats of figured jacquard I F\J
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' Feather Bed Pillows Coil Spring
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7-Pc. Walnut Veneer Dinette Suite 3-Pc. Serpentine Front Mohair Living Room Suite
An ideal suite for the small apartment or bungalow. A very splendid suite at a remarkably low price.
Comprises 54-inch buffet, enclosed server base china d* f| gA Three sturdy pieces with graceful curved fronts, large ktv A
cabinet, pedestal extension table, four chairs with jac- settee, armchair and tufted-back chair, fitted with loose I /|
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tiveness of this suite. mohair.
High Back
r Porch Gliders $ I striped csnvsa can- $>593
_ Special 1 JL °py- .
Wh “* Porcelain Lined 3. D00r Q.k Cavalier Strongly cons , ruc , cd ®
_ . „ ,°.° r Refrigerator 1 op-icer swinging spring settee back Iron Framo Fumed Oak
Oak Refrigerator Ketrigerator Refrigerator and seat with soft, thick eaj> i porch Swinn
Three-door model w# u inc U inted and pads, closely tufted. WHHaL Lawn IH W a I I C OO
SStt 8 rifted 1 "* nii aSSlnm2f“%o.lb *e°l'l V.ulS“: O.h.r Coml.r.M. OUdrn «BS Bench 411 J f liilllfr-JL <9B
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$3475 sl7-95 $9.75 and $39.50 | > ifeSferilil»dl StSC'”
• — 1 na 3*Piecc Upholstered Hand-Woven Fiber Suite
3-Pc. “Krochlcr” Love Seat Bed-Davenport Suite, • ...... , .... .
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A very shapely and sturdily constructed suite, consisting |t% rocker. It is strongly constructed anji finished with ere- V jXj * *
of three pieces. Love seat by day and a comfortable bed by I ■ tonne-covered backs and loose spring-filled seat cushions.
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The Julius Lansburgh Furniture 909 F St . N.W 9
France. 2,215,000,000 francs (about
$88,000,000).
Graat Britain, 12,000,000 pounds
■ (about $58,000,000).
i Italy, 110,000,000 lire (about $5.-
500,000).
Holland. 73,000,000 florins (about
$30,000,000).
Sweden, 110,000,000 crown* (about
$29,000,000).
Switzerland. 92.000,000 Swiss francs
(about $17,000,000).
The figures in dollars listed are only
approximate.
“AUTHOR” SENTENCED
J Mail Carrier Uses Lindbergh’s
Name to Sell Publishers Book.
LOS ANGELES, June 11 (JP).— cferald
R. Gage, for 17 years a Government
mail carrier, was sentenced to five
months in the county jail Monday
after he had pleaded guilty to mail
fraud in connection with publication
of a book written by him under the
name of Col. Charles A. Lindbergh.
Gage was accused of making gr
rangements with Dorrance <& Co. of
Philadelphia to publish the book, lead
ing the publishing house to believe it
was doing business with Col. Lindbergh.
The complaint, filed In Federal Court
here, said the publishers lost $7,000
through advertising for the forthcom
ing book.
6 Lift Ban on Study of Ganaan.
, ADELAIDE OF).—The State of South
Australia has decided to permit school
’ children to learn German, a study ban
ned when the World War started. Many
influential South Australians are de
scendants of German pioneers.
When the Vienna Philharmonic Or
chestra recently made Its first appear
ance In London In 24 years It was heard
by an audience of 6,000. I
A DELIGHTFUL BOAT TRIP TO
PHILADELPHIA
Dally paiienfar Saryica eeeept Sunday aa
beautiful Inland water routa. The new steamer
JOHN CADWALADER
Salle treat Baltimore Tueedav and
Thursday 4 P. M., Saturday 4 P. M.
Daylliht Savlne Tima
PARE. St.SO ROUND TRIP, S 4
Tfcreufh tickets to New York City and Now
Jersey Seashore saints. Felder an reauest. 1
ERICSSON LINE
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Metropolitan 2416