Evening star. [volume], April 29, 1933, Image 1

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

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WEATHER.
(TJ. ( Weather Bureau Forecast.)
Fair tonight and tomorrow; little change
In temperature; gentle to moderate
winds, becoming east or aoutheast.
Temperatures—Highest, 74, at 3:30
pm. yesterday; lowest, 54, at 5 a.m. to
day. Full report on Page A-3.
Closiag N. Y. Markets, Pages 14 and 15
The only evening paper
in Washington with the
Associated Press news
service.
Yesterday's Circulation, 122,661
lO.
32.505.
Entered as second class matter
post office, Washington, P. C.
WASHINGTON, D. C., SATURDAY, APRIL 29, 1933—THIRTY PAGES.
**
0#*) Mean* Associated Press.
TWO CENTS.
Ambassador Lays U. S. Plan
Before Organizing Commit
tee of Conference.
HERRIOT S^ILS TODAY
WITH 'HAPPY RESULTS'
Paris Expect* Moratorium on
June 15 Payment, but Awaits
Deputy's Return.
Br the Associated Press.
LONDON, April 29.—A proposal for
a world economic armistice was laid be
fore the Organizing Committee of the
World Economic Conference by Norman
H. Davis, American Ambassador at
large, at a meeting of the committee
at the foreign office this afternoon.
The committee formally fixed the
date for the opening of the world con
ference as June 12. This date was
•elected by President Roosevelt, Prime
Minister MacDonald and former Pre
mier Herriot of Prance this week.
The Organizing Committee met In the
British foreign office under the chair
manship of Sir John Simon, British for
eign secretary.
Mr. Davis arrived at Croydon Field
by airplane from Paris at mlddaj. Mrs.
Davis accompanied htm.
Ambassadors de Fleuriau of France,
Von Hoesch of Germany, Grandi of
Italy, Matsudaira of Japan and Baron
de Cartier of Belgium and the Nor
wegian Minister. P. B. Vogt, attended
the meeting. Ray Atherton. American
charge d'affaires, also was there.
America's economic truce, as proposed
by Mr. Davis, is a far-reaching measure
to end economic warfare among all na
tions until the agreements to be reached
at the World Conference can be made
effective.
The Ambassador declared after the
meeting that every member of the
committee seemed to be pleased with
the proposal, although "two or three
did appeaf to be greatly surprised."
The truce may be made effective for
the period of the conference itself or
until ratification of any treaty or agree
ment made at the conference.
HERRIOT SAILS TODAY.
Reports "Happy Results" in White
House Parley.
NEW YORK, April 29 Edouard
Herriot. former premier of France, who
came here to confer with President
Roosevelt on world affairs, sails for
home on the He de France today.
Last night he said formal farewell to
the United States in a speech before an
audience assembled by the French
Chamber of Commerce He said his
conversations with President Roosevelt
"have already had the most happy and
efficacious results."
"I have answered the. call of the
President of the United States." said
Herriot. "I profess a profound admira
tion and great affection for him.
"He aims to work for the reconstruc
tion of the world. • * •
"Scarcely a week ago one still won
dered whether a world conference^was
(Continued on Page 2, Column 5.)
•
WOODIN DENIES REPORT
HE WILL QUIT CABINET
Secretary of Treasury Declares, "I
Am With the Chief to the End."
Denounces Enemies.
By the Associated Press.
Secretary Woodin, from his sick bed.
today issued a statement denying re
ports that he was going to resign and
was at odds with President Roosevelt
over the inflation program.
Summoning newspaper reporter* to
his side for a special press conference,
the Secretary declared that not only
did he have no intention of giving up
the Secretaryship of the Treasury, but
also he approved of the President's
program throughout.
-J am with the chief (President
Roosevelt! to the end." he said. "He
is going to lead us out of this situa
tion."
The Secretary charged that enemies
of the administration were circulating
the reports that he would quit the cab
inet. in an effort to create dissension,
adding:
"It is most unsportsmanlike that
those who seek to hamper the admin
istration in such an emergency should
fesort to such expedients."
NAVY BEATS COLUMBIA
IN HARLEM RIVER RACE
Br the Associated Press.
NEW YORK, April 29.—Navy pulled
from behind to beat Columbia's varsity
eight by a length and a quarter today
in the Lion's first brush of the season j
over a mile and a half course on the
Harlem. Navy's time was 3 minutes,
11 'j seconds.
Sacred Cod Returns
As Mysteriously
As It Disappeared
Masked Men Gave Him
Emblem, Says Harvard
Police Chief.
Br the Associated Press.
BOSTON. April 29 —Massachusetts'
sacred cod was returned to the State
House In the wee small hours of this
morning as mysteriously as it was taken
awav at dusk last Wednesiay night.
Charley Apted. chief of Harvard Col
lege police, brought back the flve-foot
wooden fish.
No questions were asked of Charley
and he offered little information. A
"mysterious" telephone call, instructions
to follow an automobile into the wooded
suburbs of the city and two young men
with turned-up collars and masked faces
figured in the tale Chief Apted told
State police. He said the call pulled
him from his bed and that the youths
who handed him the fish disappeared
without a word of comment.
ROOSEVELT READY
FOR MORE PARLEYS
Italy, Germany, Mexico and
Argentina Send Envoys
Next Week.
By the Associated Press.
President Roosevelt drew to a close j
today the first week of earnest search- |
lng with foreign statesmen for keys
to world prosperity and prepared to
widen the scope next tqeek when Italy,
Germany, Mexico and Argentina will
be represented here.
One of the first concrete results of
the swift swirl of International conver
sations at the White House was ex
pected today at the meeting of the
Preparatory Committee of the World
Economic Conference in Geneva, with
Norman H. Davis. American delegate,
proposing a universal truce on tariff
building until the world conference
meets in London June 12.
The ways and means for other action
toward setting international business
and relations aright again have been
fully explored and courses charted, but
their fulfillment undoubtedly must
await developments contingent upon
and in connection with the London
parley.
Beginning last week end and con
tinuing almost hourly through the
week, Mr. Roosevelt exchanged views
first with Prime Minister Ramsay Mac
Donald of Great Britain, then Edouard
Herrlot. former premier of Prance, and
today concluded with Prime Minister
Richard B. Bennett of Canada.
Jung Arrives Tuesday.
Guido Jung, finance minister of Italy,
will arrive here Tuesday for a three
day visit, and the President will seek
to enlist that nation in the campaign
for a new economic order and for dis
armament which will reach full power
in London In June. The representatives
of other nations will follow In swift
order.
Mr. Bennett will call at the White
House for a final talk with Mr. Roose
velt today before leaving for home. In
a statement addressed to the American
public yesterday. Mr. Bennett made an |
appeal for stabilization of world cur
rencies and also stressed the need for
increasing commodity prices.
There was some doubt today whether
Mr. Roosevelt would send any debts
proposal to Congress. The acceptance
of silver In payment for war debts was
held out in some quarters as the prob
able limit the United States would go
iii debt relief on the forthcoming June
15 installments. It Is likely, however,
that the President will ask for author
ity to scale down tariffs after the Lon
don conference.
War debts—the thorn in relations
between the United States and Euro
pean debtors—came up in a "most frank
and friendly" talk yesterday, between
Mr. Roosevelt and M. Herriot.
As in the case of Great Britain, no
agreement or plan was proposed, but a
joint statement from the President and
the French envoy said the exchange of
views "will undoubtedly help in deter
mining the steps to be taken hereafter."
Future negotiations were hoped for.
Expects French Payment.
France still owes her last December
15 installment of $19,000,000. It is
<nown definitely President Roosevelt ex
pects that payment to be made, as well
as the installment due on June 15.
After the World Economic Conference
he will consider a revision of the debt
agreements.
The most friendly spirit prevailed
during the busy day at the White
House as the happy, confident President
held his final meetings with M. Her
riot and later with Prime Minister Ben
nett and bade them both farewell. Mr.
Bennett later decided to remain in the
Capital until today, but changed his
residence to the Canadian legation.
_There was a definite intimation of a j
(Continued cm Page 2, Column 4.) j
5,OOO GALLON STILL IS SEIZED
IN FORMER BELMONT MANSION
Surroundings of Huge Alcohol Plant in New York
Reflect Splendor of Former Years.
By the Associated Press.
HEMPSTEAD. Long Island. N. Y.,
April 29—Through the portals of the
old Belmont mansion, which once
opened only to admit society's bluest
bluebloods, eight Federal agents passed
•arly today.
They came out with eight prisoners
and the announcement that they had
captured the largest alcohol still ever
found In the New York area.
They found the 27-room house, once
twned by the late Mrs. O. H. P. Belmont,
•ociaJ dictator at the turn of the cen
tury. had been converted into a huge
distillery. It's distinctive feature was a
polished still, built to turn out 5,030
gallons of molasses alcohol daily, run
ning into 19-barrel vats set on parquet
floors among 10-foot plate mirrors.
Their eight prisoners, the agents an
nounced. were mere employes of a lead
ing alcohol dealer, who was not named.
Th« old Belmont home occupies 2
•quare mile of wooded land The house
tmU X act 1.000 iMt back from the
road and further secluded by a grove.
Earlier In the nigt^ In another section
of the property, the agents had cap
tured a 500-gallon still and three cook
ers.
Although none of the Belmont furni
ture remained In the old white mansion,
it still was decorated as In the palmy
days. White plaster arabesques adorned
the ceilings: the mirrors were polished!
—as was the brasswork of the still.
"The sparkling machinery made the
place look like the engine room of a [
transatlantic liner," said one of the j
raiders.
From the main hall, a carved oaken I
stairway swept up gracefully to the |
fourth floor, where once a multitude of
servants lived, but where the agents
found the personal belongings of their
prisoners.
Mrs. Belmont's personal bed room was
a bed room no longer. On the door
was a neat sign: "Private. Keep out.1
For mix and engineering departments
only." That was the distillery offlce.
Mr*. Belmont died Ja January In
K*- Her home was tfcld some time J
WHO ASKS
I SOVIET TO PARLEY
ON WAY ISSUE
Compromise Will Be Sought
in Early May to Break
Deadlock With Japan.
RUSSIA IS BELIEVED
READY TO USE FORCE
Chinese Troops Streaming in Dis
order Toward Peiping—In
vaders to Pursue.
By the Associated Press.
TOKIO, April 29—Manehukuo has
Invited Russia to present proposals for
settlement of the dispute over the
Chinese Eastern Railway. The pro
posals would be discussed at a meeting
! in early May
A compromise will be sought to break
the deadlock which has seriously
strained relations between the Sonet
government and Japan since the latter
set up the Manehukuo government after
wresting Manchuria from China.
It was learned today that the Man
chukuan Ministry of Communications
has changed the name of the Chinese
Eastern to the North Manchurian Rail
way. The Manchukuans consider the
former name implied that the road,
which has been jointly operated by Rus
sia and Manehukuo. is merely an ex
tension of the Russian trans-Siberian
system.
A Harbin Manchuria, dispatch said
the Manchukuan chairman of the rail
way informed the Soviet government it
would have a chance to show whether
it "sincerely desired" to co-operate with
Manehukuo at the May meeting.
Five Russian and five Manchukuan
directors are invited to the meeting.
Meanwhile, smashed in a fierce as
sault. Chinese troops are streaming in
disorderly retreat toward Peiping from
the north. Japanese reports said.
The Japanese were said to be reor
ganizing their forces for pursuit toward
the former imperial capital of China.
A follow-up attack is planned, latest
dispatches said, although the Japanese
command previously had declared that
its aim was merely to break up Chinese
concentration immediately south of
Kupeikow. the Great Wall pass north
of Peiping'
It was near this pass that the Chi
nese lines were reported cracked asun
der in an assault by the 8th Japanese
Division of Lieut. Gen Yoshikazu Nishi.
The disorderly retreat then was started
by Chinese regulars sent north by Mar
shal Chiang Kai-shek. The losses of
the Chinese, who for eight days had
fought doggedly, were declared heavy.
SOVIET ATTITUDE STUDIED
MOSCOW. April 29 'The ques
tion whether Soviet Russia is prepared
to fight for its interests in the Chinese
Eastern Railway is a matter of wide
spread conjecture in foreign quarters
here
Soviet Russia unquestionably would
like to settle the matter peacefully, but
there are apparently well-founded indi
cations that it is premature to say Rus
sia will not use force to protect its half
interest.
Russia insists that Japan, as sponsor
of the Manehukuo government, must
take necessary steps to prevent the al
leged anti-Soviet acts of violence on the
railway and rectify damage already done
or admit it is unable. How Russia
would then seek to deal directly with
Manehukuo is a matter of speculation.
The breaking of the connection at the
Manchuli station on the Soviet-Man
churian border and the halting of So
viet trains deeply incensed the Soviet j
authorities, but it can be said authori
tatively that reports of the massing of
Soviet troops at the border are exagger- I
ated. (The Tokio war office said it did
not know of any hostile disposition on
the Soviet side ot the border and denied
Japanese troop concentrations were be
ing effected.)
The Soviet government now is await
ing an official response to its request for
a meeting to seek means of restoring
Russian traffic over the Manchurian
line.
HUGENBERG REFUSES
TO TURN TO NAZIS
German Minister Declares He Will
Not Compromise Nationalists
for Cabinet Post.
By the Associated Press.
BERLIN, April ?9.—Dr. Alfred Hugen
berg has refused to compromise his
position as leader of the* Nationalist
party to retain his cabinet portfolios.
He so declared last night that his
party must have an equal footing with
Chancellor Hitler's Nazis in shaping
Germany's future. He said he had no
intention of following Labor Minister
Franz Seldte's example in renouncing
the Nationalists and joining the Nazis.
East Prussian farmers are demanding
that a Nazi be appointed to replace Dr.
Hugenberg as minister of economics and
agriculture Dr. Hugenberg also heads
the Prussian commissionerships for
agriculture and economics, trade and
labor and the Reich's commissionership
for relief in Eastern provinces.
Praising his party's 14-year fight
against Marxism. Dr. Hugenberg said
he would "stand or fall" with the
Nationalists. Although a minority party,
the Nationalists dominated the two
governments preceding Hitler's and still
have a majority in his cabinet. They
elected only about one-fifth as many
members to the Reichstag as the Nazis,
however.
Political circles anticipate that both
Dr. Hugenberg and Foreign Minister
Konstantin von Neurath. another Na
tionalist, will lose their places in the
cabinet.
GUIDE FOR READERS
f I I
Page.
Amusements A-6
Churches A-10-11
Comics B-6
Features B-5
Finance A-14-15
Radio B-14
1 Serial Fiction A-6
Society A-9
Sports
NOW
KOU; Mow
HOW I FEEL!
4*
RED PARTY OPENS DRIVE
TO PURGE RANKS OF FOES
Thousands in Ruling Political Organiza
tion of Soviet Regime to Be
Put on Probation.
By the Associated Press.
MOSCOW. April 29.—New and dras
tic orders were issued today for the
great "purging" of the Communist party
which Is designed to eliminate all
"careerists, hypocrites and actual ene
mies."
Almost a million members and can
didates for membership may be affected
by the cleansing process, the orders
indicated. They were issued by the
party's Central Control Committee for
the "purging." which is to begin June
1 and last through November.
Although preliminary weeding out of
undesirable elements began the first of
the year, today's instructions set the
period for a final comprehensive drive
MEMBER OF HOUSE
DIES UNEXPECTEDLY
Clay S. Briggs of Texas Had
Attended to Duties at Cap
itol Up to Yesterday.
Representative Clay Stone Briggs of
Texas, who has represented the seventh
Texas district in the House continuously
for 14 years, died suddenly today at his
apartment. 2101 Connecticut avenue.
TTiough he had not been feeling well
for several days, he attended to his
duties at the Capitol up to yesterday.
Word of th? death of the Texas legis
lator, received first by House Sergeant
at-Arms Kenneth Romney, came as a
shock to his colleagues, few of whom
had any knowledge of his brief illness.
Briggs was sitting in his bed shortly
after 9 a.m., talking with his wife, the
former Mrs. Lois Slayton Woodworth
of New York, when he died. He had
been joking with her about taking a
day off from work and resting, since
the House was in recess.
Without a word, he collapsed In his
wife's arms. Physicians were sum
moned. but he died shortly afterward.
Besides his wife, Briggs is survived
by two children. Clay Stone. Jr., 15
months, and Olive Branch. 5. Mrs.
Briggs has three children by her first
husband. Dorothy Jocelyn, 13; Jeanne
B.. 11. and Newell B„ 9.
Representative Briggs, who was 57
years old. was born in Galveston. Tex..
January 8. 1876. and had lived there
up to the time of his election to Con
gress in 1919.
Prior to his selection to Congress
Representative Briggs served for 10
years as judge of the District Court of
the tenth judicial district of Texas.
He was educated at the University
of Texas, Harvard University and Yale.
He began his political career as a mem
ber of the lower house of the Texas
Legislature.
POWER PLANT BLOWS UP
LISBON, Portugal. April 29 (/P).—At
least eight persons were killed and sev
eral others were injured today in a
terrific explosion, which destroyed the
Barcerena Powder Factory, on the out
skirts of Lisbon.
A raging fire badly hampered the
work of rescuers. Eight bodies had
been recovered within a few hours.
designed to rid the party not only of I
hostile members, but "unstable and un
disciplined" members, honest though
they may be
The decree contemplates the reduc
tion of all "insufficiently trained" mem
bers to the rank of candidate for a
probationary period of one year. The
purpose of this is to increase their
political knowledge and sense of re
sponsibility.
The party also created an even low
er gTade labeled "sympathizers." in
which present candidates, regarded as
inadequately trained to fulfill their
party obligations, will be placed for a
year.
There are at present 3.200.000 ip the
party. Of these 1,200.000 are candi
dates. The 3.200.000 total includes
'Continued on Page 2, Column 7.) i
INDUSTRY CONTROL
PLAN CONSIDERED
Wide Proposal Taken Up by
Cabinet Group Drafting
Public Works Program.
Bv the Associated Press.
Pour cabinet members were revealed
today as having under consideration
drafting into the public works program
provision for a wide control of Indus
try as an aid to stimulating employ
ment and stabilizing production.
The tentative plan has yet to be
presented to President Roosevelt. Sec
retaries Ickes. Perkins. Dern and Wal
lace are drafting the public works pro
gram.
One of the methods of attaining this
control that has been proposed to the
committee of cabinet members is the
revival of the Council of National De
fense which was used during the World
War.
No agreement has been reached, but
the administration already has given
its approval to a measure of produc
tion control and regulation of wages
presented in amendments suggested by
Secretary of Labor Perkins to the pend
ing 30-hour-work-week bill.
There were seme reports that the
Cabinet Committee might decide to
substitute the section upon which they
agree for the 30-hour-work-week bill
now pending before the House Labor
Committee. Secretary Perkins was con
ferring todAy with a group of labor
leaders and manufacturers.
War-Time Measure* Urged.
Meanwhile, the National Association
of Manufacturers is undertaking an
active campaign for revival of war
time measures for industrial planning
and control of production.
Within a few hours after the asso
ciation had voted yesterday for recrea
tion of the Council of National De
fense, a committee of 25 leading manu
facturers was named to enlist the sup
port of President Roosevelt and Con
gress.
At the same time as It approved re
vival of President Wilson's Defense
Council, the association adopted a reso
lution opposing the proposed 30-hour
work-week legislation now pending In
Congress.
/'There already exists an instrument
(Continued on Page 2, Column 8.)
Life of a President's Wife
ij
Mrs. Franklin D. Roosevelt has agreed to write one article
each month for The Sunday Star and other members of the
North American Newspaper Alliance.
I|
Mrs. Roosevelt, who already has won renown for her literary
efforts, will discuss her life in the White House. Unquestion
ably the general public will have better understanding of
the inner workings of the President's home and family life
as the result of her writings.
An article by Mrs. Roosevelt will appear in
THE SUNDAY STAR, TOMORROW
THREE MAJOR BILLS
TO GO TO KRESS
i
Rail, Tariff and Public Works
Proposals to Complete
Roosevelt Plan.
By the Associated Pres»
The Introduction of three more bills ;
will virtually complete the administra
tion program for the busiest special ses
sion of Congress since wartime.
The three proposals are designed to!
help the railroads, give President j
Roosevelt broad power over tariffs and
provide for an expansive public works
program to increase employment. They
probably will go to Congress in • the
order named, with the railroad bill lead
ing the way, perhaps Monday or Tues
day.
Both Houses were in adjournment to
day for a week end holiday.
Passage of the farm relief-inflation
legislation yesterday cleared the way
for early Senate approval of many ad
ministration measures which have been
piling up. Before adjourning last night
the Senate made the Norris Muscle
Shoals bill its unfinished business, with
leaders predicting that this and the
$500,000,000 direct relief measure wou*d
be speedily disposed of, probably Mon- ■
day.
Securities Bill Pushed.
The Senate Banking Committee re- '
ported out the administration's bill to i
regulate the sale of securities, asserting J
that enactment was "imperative" to.
protect Investors and bring capital out,
of hiding. leaders hope to expedite it. J
The railroad bill has been on the |
President's desk for days, but he has
been too busy with other things to study
its details. Unless there are last-mimAf
changes, the bill will authorize a Fed
eral co-ordinator who will tell the car
riefs what to do to nave money and
make their service more efficient.
Authority Over Tariff.
Almost completed save for minor de
tails. the tariff proposals would give
the President authority to reduce rates
a maximum of 50 per cent.
The Senate has passed the Norris
Muscle Shoals bill so many times it can
almost do it now without a roll call.
The last time it went through in about
two hours despite presidential opposi
tion, which is now absent.
Senator Wagner, Democrat, of N*w
York, one of the authors of the direct
relief bill, told the Senate he would ask
for action on it Monday also, either be
fore the Muscle Shoals bill or after
ward, If that it approved promptly.
stockprTces gain
$1 TO $5 PER SHARE
»
2,850,000 Turnover Accompanied
by Broad Advance—Commodi
ties Are Higher.
By the Associated Press.
NEW YORK, April 29—Stocks and
commodities rolled up huge aggregate
gains today as fresh buying, prompted
by senatorial approval of the farm
relief-inflation measure and favorable
business news was thrown into the mar
kets.
On the New York Stock Exchange
gains ranged from $1 to more than $5
a share in the most active trading the
market had seen on a Saturday for
many months.
At Chicago, wheat futures were up 2
to 3 cents a bushel by the time the
New York markets were closing, while
cotton here made advances of around
$1.50 a bale. Sugar, silver, rubber and
several other staples rallied strongly.
The stock market closed buoyantly, with
a turnover for the two-hour session of
approximately 3,850,000 shares.
U. S. WILL PAY HONOR
TO PRESIDENT TOMORROW
Prayers to Be Said for Roosevelt,
Sounding Out Eight Weeks
in White House.
Br th» Associated Press.
NEW YORK, April 29.—Eight weeks
in the White House will be rounded
out at noon today by President Franklin
D. Roosevelt.
Tomorrow people throughout the na
tion will honor him in an observance of
President's Day, with expressions of
gratitude for what he has accomplished
and prayers that he may have the health
and strength to accomplish his program.
Governors and mayors in a number
of statas^nd cities have dedicated the
day as ftp occasion of prayer and
tbanksgtfBf.
TWO CLOSED BANKS
HERE PAY MO
1010100 MONDAY
Departmental and North
Capitol Savings Will
Distribute Funds.
BANK OF BRIGHTWOOD
SOON TO MAKE PAYMENT
Treasury Issues Statement on D. C.
Situation, Withholding
Definite Flans.
Two insolvent Washington banks will
distribute payments Monday aggregat
ing $285,000 to approximately 10,000
depositors, it was announced today.
A third institution in receivership,
the Bank of Brightwood, at Georgia
and Colorado avenues, also will make a
payment shortly, probably within 30
days, it was learned. The payment,
the second since the bank became in
solvent last July, will approximate 25
per cent.
The Departmental Bank, 1726 Penn
sylvania avenue, making its second pay
ment, will distribute a 20 per cent
"dividend" amounting to $160,000. Ap
proximately 4.000 depositors will be af
fected by the payment, which bring?
the total paid out since the bank went
in receivership last July to $385,000. or
50 per cent of total deposits.
The North Capitol savings Bank, at
North Capitol and H streets, will make
a first payment of 1212 cents on the
dollar, or $125,000 to 6.000 depositors
whoso claims have been approved, ac
cording to an announcement by Re
ceiver John S. Bryan. Other pay
ments are expected to be made as ad
ditional funds are accumulated from
liquidation of assets.
Bank Open in Evenings.
Receiver W. B. Allman of the De
partmental Bank announced his insti
tution would be open for the con
venience of Government employes un
til 9 p m. on the evenings of Monday.
Tuesday and Wednesday. Thereafter
the regular hours, of from 8:30 to 5.
will be observed, except on Saturday
when the bank will close at 1 p.m.
No change in banking hours was an
nounced by Receiver Bryan of the
North Capitol Bank.
The Departmental Bank's first pay
ment was made last February 10. when
checks representing 30 per cent of total
approved claims were distributed. On
that date, the Bank of Brightwood also
made it* first payment, representing
i about 20 per cent of the amount on de
[ P06it.
The Treasury Department Issued a
general statement last night showing
the amount of deposits in the 13 banks
in the hands of conservators here to
be about 12'i per cent of the total
deposits as of December 31. 1932. The
statement gave no intimation, however,
as to when depositors may expect to
receive any of their funds or how much.
The Treasury is known to be working
on plans to reopen these banks, but
no official intimation as to what they
will be has been forthcoming.
A campaign was launched today by
the Industrial Savings Bank, one of the
13. and a group of citizens to save this
only colored institution of the city and
make it a national bank. The cam
paign takes the form of a city-wide
movement to sell 10.000 shares of capi
tal stock in the bank at $25 a share,
$20 of which goes to par value of the
stock, with the other $5 to surplus. This
campaign was given impetus at a mass
meeting last night at the Garnett Pat
terson Junior High School, presided
over by Jesse W. Lewis, head of the
department of commerce and finance
! of Howard University. Speakers in
cluded Elder Michaux. Rev. E. L. Har
rison. Marie Madre Marshall. William
L. Stevenson. Rev W H. Jernigan. Jesse
H. Mitchell. W. H. C. Brown, president
and conservator at the bank, and J. A.
Jackson of the Department of Com
merce.
Cummin**' Statement.
The official statement from the Treas
ury was issued over the name of Walter
J. Cummlngs, executive assistant to
the Secretary of the Treasury, who has
been working on the problem of re
opening banks.
ft read in full as foUows:
"Only 12Vi per cent of total de
posits of District banks at time of last
reporting date—December 31. 1932—are
tied up in banks now in hands of con
servators.
"The last reports of all District of
Columbia banks as of December 31,
1932, showed total deposits of $255,
000.000.
"Reports of examinations of the 13
District banks now in hands of con
servators showed total deposits of ap
proximately $32,000,000. Of this amount,
approximately $2,500,000 are public
funds which are secured by bonds
pledged by the banks concerned. The
balance of $29,500,000 of total deposits
with District banks in hands of con
servators, represents 12>2 per cent of all
deposits in District banks at date of
last report, December 31, 1932.
"The above figures do not Include
banks which were in the hands of re
ceivers prior to the bank holiday.
"When consideration is given to the
general banking situation in the Dis
trict of Columbia attention is directed
to the fact that only a very small por
tion of Its entire banking resources is
actually Involved in the banks which
were not licensed since the bank holi
(Continued on Page 2, Column 3.)
Speaker Rainey to Send
.Measure to Conference
on Monday.
HOPE FOR BONUS DIMMED
BY REJECTION IN SENATE
Omnibus Farm Bill Passed Lata
Yesterday After Running Fire
of Roll Calls.
By the Associated Press.
Speedy House action was promised
today to complete congressional ap
proval and give the administration un
precedented machinery to inflate the
currency and increase farm prices.
Concluding three weeks of turbulent
debate, the Senate last night voted the
sweeping power by 64 to 20. after de
feating a soldiers' bonus amendment
and authorizing the acceptance of up
to $200,000,000 in silver on war debt
payments.
Speaker Rainey will seek to send the
omnibus farm relief-inflation legisla
tion to conference Monday for adjust
ment of Senate and House differences.
The House already has approved the
farm relief sections, which contemplate
price - lifting and mortgage - easing
through refinancing at lower Interest
rates.
Four Roll Calls.
Thp inflation legislation was added
to the farm bill in the Senate, and
gives the President a choice of meth
ods for undertaking a controlled expan
sion of credit and currency.
In an almost running-fire of roll calls,
the Senate rejected the soldiers' bonus
plan by 60 to 28. approved the silver
provision by 53 to 32. passed the Infla
tion section bv 64 to 21 and then rolled
up a final, sweepfcig majority of 64 to
20 for the entire measure, Including
inflation.
An amendment to the bill providing
that compensatory tariff on sugar from
the Philippines be turned over to ths
island government also was adopted.
Only three Democrats voted against
inflation—Glass of Virginia. Bailey of
North Carolina, and Bulkley of Ohio.
On final passage, and farm and Infla
tion. there were only four Democrat*
In opposition. Clark of Missouri voting
with those who -vere against Inflation.
The farm sections authorized Secre
tary Wallace to attempt higher farm
prices through marketing agreements
and controlled production and through
the levying of processing taxes and
licensing fees.
Provisions of BiD
The Inflation section contemplates
first an expansion of credit up to $3.
000.000.000 through open market pur
chases of government obligations by
Federal Reserve banks. If this does not
serve to lift prices, the President would
be empowered to:
Direct the issuance of $3,000,000,000 In
Treasury notes or new currency to pur
chase outstanding Government obliga
tions and provide for appropriations to
redeem 4 per cent of the notes annually
for 25 years.
Lower the gold content of the dollar
by not more than 50 per cent, either by
proclamation or by an international
agreement looking to a stabilization of
world currencies and exchanges.
Accept up to $200,000,000 in silver at
not more than 50 cents an ounce as pay
ments of war debts due this country in
S the next six months; to issue sliver
certificates against the silver and coin
' the metal to meet any demands for
[ redemption of the certificates.
Remonetize silver at a ratio with
(Continued on Page 2. Column I.)
STEAGALL TO OFFER
BANK REFORM BILL
Understands Roosevelt and Glass
Support Deposit Guarantee
Plan in Principle.
By the Associated Press.
Chairman Steagall of the House
Banking Committee told newspaper men
he would introduce next week a bill
along the line proposed by Senator
Glass. Democrat, of Virginia for bank
ing reform and deposit guarantees for
members of the Federal Reserve Bank
System.
He and Senator Glass have "agreed
in principle" and Steagall understood
that President Roosevelt also had agreed
j "in principle."
"We are going to get right to work
on It," Steagall said. "Details, of
course, will have to be worked out. Sen
ator Glass has prepared the bill and my
measure will be along the same lines,
although slightly different."
Steagall, a strong proponent of the
guarantee bank deposit proposition, was
vagur about the details of the measure.
Previously he proposed that the Treas
ury and the Federal Reserve Banks and
its members raise an initial guarantee
bank deposit fund of $500,000,000 with
provisions to sell obligations up to
$2,000,000,000.
WASHINGTON SPELLERS SUBDUE
BALTIMORE FOR NATIONAL HONOR
Two Little Words, "Sycosis," Meaning a Skin Disease,
and "Censer," a Vessel, Easy for Capital Contestants.
By the Associated Press.
BALTIMORE, April 29—In a grueling
battle of words, held In Waverley Meth
odist Church gymnasium last night,
Washington defeated Maryland's best
in their annual spelling bee and today
laid claim to national spelling honors.
The match was scheduled to go three
rounds, but Washington in an impres
sive display of strength, tripped the
locals in successive encounters to make
the third round unnecessary.
The two little words that proved the
undoing of the locals, who before the
organization of the Washington Club
were undefeated for 30 wars and who
always billed their contests as "the
Waverley Spelling Club vs. the country
at large," were "sycosis" and "censer."
"Sycosis," explained as meaning a
skin disease, sent the last Baltimore
entry, Francis E. Old, Jr.. down for the
count and proved just another word
lor Wellard B. Smith of Washington.
The second round found Mrs. W. K.
Harrison of Baltimore unable to spell
"censer," the meaning of which was
given as a vessel, but to Washington's
two remaining entries, Mrs. Virginia S.
Gartress and Miss S. C. Waterman, the
word had no terrors.
Ea: ly in the first match several crack
spellers took their seats because they
didn't know how to spell "trull," mean
ing an untidy person. "Zimocca."
"yaup." "gouache," and "chough," all
brought casualties, while "paillasse" re
tired four at one time. "AbthNn," •
tropical disease, also proved dllflcult.