Evening star. [volume], April 07, 1933, Page B-9, Image 25

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

Image provided by: Library of Congress, Washington, DC

                
Indicted Banker, III, May Be
t Brought Into U. S. Court
Today.
Br tre Associated Press.
NEW YORK, April 7.—Joseph W.
Harriman was Indicted by a Federal j
grand jury yesterday on charges of
making 14 false entries mvoMng $1,661.- I
170 In the accounts of the Harriman
National Bank & Trust Co., which he
founded in 1912.
United States Attorney George Z.
Medalie announced he would expedite
the trial to the utmost and sought to
have the 67-year-old banker arraigned
today. Harrlman is said to be suffering
from coronary thrombosis, a grave heart
ailment, however, and it was not cer
tain whether the arraignment would be
held today.
Meanwhile the grand jury continued
In session and Medalie said It would con
sider other indictments in connection
with the Harriman Bank's affairs. The
Institution failed to reopen after the
bank holiday and was placed in the
hands of its president, Henry E. Cooper,
as Federal conservator.
Guaranteed Deposits.
Along with these developments came
a statement from Emil Schlesinger.
counsel for a Depositors' Protective
Committee, asserting that the New York
Clearing House Association had been
aware of the bank's condition since last
July and had committed itself to guar
antee the deposits in full.
Srhlssinger said the agreement was
made st a meeting July 12 upon the
condition that Cooper, as a representa
tive of the clearing house, be made
president and that Harriman "be rele
gated to an unimportant position."
This was done July 25. Harriman was
made chairman of the Board, a newly
created post, from which he resigned
after his arrest last month.
"We are informed that Mr. Cooper,
while president of the Harrlman Bank,
gave complete assurances from time to
time to inquiring depositors that the
bank was solvent." Schlesinger's state
ment continued, "and that such asser
tions were made by him on the basis of
the guarantee of the Clearing House
Association.
"We know of our own knowledge that
the clearing house does not deny that
these promises and guaranties were
made, but that some of its members are
now resorting to legal technicalities to
circumvent their obligations."
Asks for Investigation.
ttchlesinger said he was Informed that
the clearing house had evolved a plan
to pay depositors 75 cents on the dollar,
: but that "no plan will be acceptable to
' the depositors whom I represent unless
i it provides for payment in full of their
deposits."
He demanded the "the proper Gov
ernmental agencies proceed promptly
to investigate the failure of the clear
ing house to carry out its guarantees."
The true bill against Harrlman,
handed up to Federal Judge Prank J.
Coleman, was one indictment of 14
counts alleging false entries to finance
deals in stock of the bank, made with
out the knowledge of the depositors and
with the Intent to deceive the ex
aminers.
Among the 14 accounts involved
were those of the New York Giants,
Constance Talmadge, motion picture
actress; Mrs. Margaret L. Talmadge, her
mother; the Erie and the Union Pa
cific Railroads.
FIGHTS GAS BOOTLEGGING
TOPEKA. Kans., April 7 (IP).—A
"tariff wall" Is going up around Kan
sas May 1. There will be 34 ports of
entry and exit through which truck
carriers of gasoline and other motor
fuels will be required to enter and
leave the State. It will be illegal to cross
the Kansas borders elsewhere.
The new regulations are designed to
prevent bootlegging of fuels and eva
sion of the State tax of 3 cents a gal
lon on gasoline.
Wins Apology
LADY INVERCYLDE.
SENATE KILLS BILL
Defeats Luxury Sales Tax Plan of
Governor.
JEFFERSON CITY, Mo., April 7 (JP).—
The luxury sales tax bill, which Gov.
Guy B. Park has said was "absolutely
essential" to shift some of the Missouri
taxation burden from real estate, was
killed yesterday by the Senate Ways and
Means Committee.
It was unofficially reported the vote
was 5 to 3.
The bill, which has passed the House,
provided for a tax of 1 per cent on ap
proximately 100 "non-essential" articles,
ranging from airplanes to toothpaste.
Proponents estimated it would have
yielded $5,000,000 to $6,000,000 annu
ally.
LADY INVERCLYDE
DROPS LIBEL SUIT
London Paper Makes Public
Apology for Divorce
Case Story.
By the Associated Press.
LONDON, April 7.—A settlement by
public apology and withdrawal by the
defendants was announced in couit to
day on the libel action Lady Inverclyde
and Lother Mendes. Hollywood film di
rector, brought against the proprietors
of the Dally Moil.
The story complained of, it was
brought out. stated that Mendes was the
corespondent In a divorce suit Lord
Inverclyde brought against his wife.
The plaintiffs' counsel declared there
was no truth in the statement and that
Mendes never had been a party to any
proceedings between Lord and LaAy
Inverclyde.
The Dally Mail's counsel said the de
fendants already had published an apol
ogy and on their behalf he reiterated
a public expression of their regret.
Lady Inverclyde, wearing a blue coat
Reduce(he
Elizabeth Ardea
Way
Ask about the marveltitfn nrw
Ardena Bath which fitrrally
melt* away •urplim pound*.
National 4161—1147 Connecticut Ave. '
and frock and cloae-fitting hat of the
same color, wax in court.
The marriage of this actress, popular
in England and America, to the British
peer was one of the outstanding social
events of 1929. The marriage was dis
solved at Reno, Nev., hswrver. after i
Lady Inverclyde went to America in
1931. 1
Her counsel stated in court today
that while in Beverly Hills, Calif., she
"becamc sincerely attached to Mr.
Mendes" and it was announced she in
tended to marry him if and when her
marriage with Lord Inverclyde was dis
solved, but upon learning that the Reno
divorce would not be recognized in
Great Britain, "she rightly and prop
erly declined to marry him."
Senate Confirms Tugwell.
The nomination of Rexford Guy Tug
well of New York as Assistant Secre
tary of Agriculture was confirmed yes
terday by the Senate.
STOCK EXCHANGE ASKS
DATA ON BOND REPORTS
New Rules Requiring That They
I % Be Sent to Holders Seen
, by Newspaper.
By the Associated Press.
NEW YORK, April 7—The Herald
Tribune says the New York Stock Ex
change has sent a questionnaire to all
corporations listing bonds cm the ex
change. asking what means they use to
place annual reports in the hands of
registered bondholders and when the
last statements were made available to
bondholders.
The newspaper adds that officials of 1
the exchange Indicated the information
wa* sought as the prelude to possible
new rules requiring that reports be sent
to registered bondholders. In the past
Julius Garfinckel ocCo.
¥ Street at Fourteenth
Tomorrow! . . the Day for Every Young Man and
All the Boys to Visit our Famous Shop . . .
BRAND-NEW CLOTHES AND FURNISHINGS
—VERY REMARKABLE AJT THEIR ASTON
INGLY MODERATE PRICES
The best made suits and topcoats, hats,
furnishings and shoes . . . Wonderful
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make a point of seeing our very own
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CALL TOMORROW WITHOUT FAIL
companies have been required merely
to make reports available to stock
holders.
SIX PLANES DAMAGED
RALEIGH. April 7 l/Pl.—A violent
electrical wind storm here late last
night damaged six Army bombing
planes at the Raleigh airport and s#t
Are to a large dairy barn at Nortn
Carolina State College.
One of the bombers was blown over
an embankment and damaged. The
others were shaken up by the wind and
put out of commission.
MIND TO BE TESTED
INEZ. Ky.. April 7 UP).—Two Lexlng
ton physicians will come here Saturday
to examine John H. Mills. 33. charged
with the murder of his mother. Mrs.
Luelnda Mills. <7. slain during weird re
ligious ritis In a mountain cabin near
Tomahawk two months ago.
His trial was postponed yesterday
upon agreement of counsel to have his
sanity tested. Dr. W. R Thompson, for
mer assistant superintendent of the
Eastern State HosDital for the Insane,
and Dr. D. V. Sublett agreed to serve
as alienists.
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Health Shoes
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Patent one-strap style In smart
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Sites 6 to
Misses' 3
A
$2.50 to $3.95
Oxfords In two-tone leather, In
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Sizes 2x/i to 6
$2.25 J
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MOSES-SECOND FLOOR
Sale!
$7.95 and $8.95
Girls' Coats
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Better grade coats of fine
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Formerly $3.95 and $5.95
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All-wool cheviot coats and en
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Sizes 1 to 6. Were
$5.50 ^rt.DU
3-pc. Suit ensembles of all-wool
materials. Sport coat with
pinch back. Sizes
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$3 95 $£.70
MOSES—SECOND FLOOR.
Silk
Frocks
For Boys:
Washable Suede or
French Kid Gloves
$1.95
The softest, loveliest suedes you could
imagine—and they're washable. Also
fine quality French kids. Pull-on styles
with plain, scalloped or novelty cuffs.
Longer 8-button suede gloves at $2.95.
Novelty Neckwear
94c
Crisp organdy neckwear in fussy or tai
lored models including this nice vee
style for your suits. White or with col
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Silk Bags with
Your Initials, $2.84
Other Initial Bags, $lJi4
The novelty silk bags are in plain col
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ties. The initials are clipped in the
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Brassiere-Top Slip
with Attached Panties
$1.94
With either regular back or low-cut eve
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the street slips have attached pantie.
12-Inch Garter Belts
F*rm fitting—mo lime to show wktrt your
garter belt end*!
$1
To hold your stockings up as well as toehold
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or rayon satin with lace applique (lined
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Linen Sports-Size
'Kerchiefs in Prints
2 for 25c
In the brightest, gayest colors you ever
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MOSES—FIRST FLOOR.
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Grey... Beige
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Cape Effects
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100 Wool Crepfe, Silk
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Brown.. .Black
Greys.. .Tweeds
With Pockets
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Side Panel Effects
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FIRST
FLOOR