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EM. F. C.
Dying Federal Agency Gets Hypodermic of Added Lending Powers. By the Associated Press. Rescued from extinction at the eleventh hour, the Reconstruction Finance Corporation began its fourth year today as a major part of the ad ministration’s recovery efforts. But for the fact that President Roosevelt signed last night a law ex tending its lending life for two years, the R. F- C. would have become a mere agency for liquidating its assets. With It gone, all Government lending to banks, railroads and business would have stopped. The new law gave the R. F. C. even more power than before. Al ready the world's greatest lending bank, with a record of disbursements totaling more than $7,000,000,000, the agency now can be more liberal in loans to industry and can seek to bolster the real estate mortgage mar ket through buying stock in solvent mortgage associations. Mines Can Get Loans. Another new provision authorizes loans up to an aggregate of $10,000, 000 to companies engaged in mining gold, silver and tin. Originally started under the Hoo ver administration as a means of transfusing credit blood into the veins of banks, the powers of the corpora tion have been gradually enlarged and its charges for loans reduced steadily. Although the greatest bank in the world, the corporation handles little. If any, money. Its funds are in the custody of the United States Treas ury and the Federal Reserve Banks. Its notes are paid through the Re serve Banks and its collections made by branch offices and the banks. It borrows money for its operations through the Treasury and has pro cujed something over $3,000,000,000 in that way. Jones Present at Signing. Its chairman, Jesse Jones, was pres ent last night at the White House when the President signed the bill. He said he understood the President to say “something about how he would have it made a five-year sentence in stead of two." The House, after a squabble over an amendment eliminated in confer ence. approved the conference report on the bill, 302 to 75. yesterday after noon. Shortly afterward the Senate supplied its “O. K." without a roll call. Just before acting on the R. F. C. the Senate sent back to its Banking Committee for further study an ad ministration bill to liberalize exist ing farm credit laws. Diva Sings for Convicts. OSSINING. N. Y., February X </P). —Mary Garden, star of the opera and eencert stage, sang four songs last night before 1,000 convicts at Sing Sing Prison and received an ovation. Her first song was “At Dawning,” tne last was “At Parting." Suing Again VALLEE’S WIFE GOES TO COURT IN NEW TORK. FAY WEBB VALLEE, Estranged wife of Rudy, shown on arrival in New York yesterday, where she will press her suit in Supreme Court to have set aside a two-year-old separation agree ment, by which she gets $100 weekly from her husband, the orchestra leader. "I'm not here j for my health," she declared. “I'm here on business, and I mean j business.” —A. P. Photo. VACATION OF 30 DAYS ASKED FOR U. S. FORCES Bill Introduced in House by Ram speck—Bland Proposes Ship Disasters Probe. By the Associated Press. Bills introduced in the House yes terday included: By Representative Ramspeck, Democrat, Georgia, to make all Unit ed States employes entitled to 30 davs' vacation a year. Also to pro vide that sick leave of Federal em ployes accumulate at the rate of one and one-fourth days a month. By Representative Bland, Demo crat, of Virginia, to investigate all re cent marine disasters. The Commit- | tee on Merchant Marine, Radio and Fisheries would conduct an investiga tion of the Morro Castle, Mohawk, Havana and other marine disasters, to determine the causes and best methods of preventing repetition of such disasters. GAVEL 800 YEARS OLD Speaker Byms now can pound for order with an 800-year-old gavel, made of Ausubo wood from El Morro Fort in San Juan, P. R. Col. O. R. Cole, commandant of American troops there, forwarded the gavel and block to the Speaker, who noted that the hardness of the wood increased with age. The fort was erected in 1593, and Cole estimated the wood was 400 years old when hewn for the building. . * - 1 —— ft. F. C. LOANS READY FOR PAPER MILLS Southern Industry’! Development Depends on Fund Co-opera tion, Says Jones. the Associated Pres*. Jesse Jones, Reconstruction Finance Dorp, head, said yesterday the cor joration was prepared, on reasonable issurance of repayment, to arrange oans for the development of pulp ind paper mills in the South. Jones looked with favor on the suggestion that If local Interests In various areas of the Southern pine selt put up half the capital the R. F. 0. would loan the remainder neces sary to finance mill construction. The statement to the Associated Press followed final enactment by the Senate and House of a measure sxtending the life of the corporation ind liberalizing Us functions to pro vide loans for new industry. — ---• . Letter Brings $255. A letter signed by Mary Queen of Scots in 1567 was sold recently at Ed inburgh, Scotland, for $255,I A COMPLETE MAKE-UP ENSEMBLE! 1 kiriil SILK-SIFTED 1 lit II face powder 2 PERFUME Value 65c 3 UP AND cheek v . CREAM ROUGE Va,ue 35c ALL 3 FOR THE PRICE OF THE POWDER ALONE! A $2.10 VALUE FOR $1.10 BOURJOIS LRnSBURGHS 7th, 8th and E Sts. DI. 7575 Walthams! Gothams! Walkers! and other famous makes The new watch you have been promising I yourself is here now — at a sensational sale I price. Famous makes in up-to-the-minute de- 1 signs—guaranteed movements, complete with § bands. I Pay 50c a Week | Saturday will be a big day in this great event at Washington 3s Finest Men s Wear Store... SA VEt Semi-Annual Sale RALEIGH “8” SHOES It is our semi-annual habit to go into the Spring with shoes as new as Spring weather. For this purpose our regular stocks are reduced materially. While sizes and styles are broken—our stocks are large and there are smart styles to suit every taste. Sta-Smooth SHOES $6.95 HANAN SHOES $9.65 A few styles at 5S.9S and S 10.65 FLEXLIFE SHOES $5.85 The Semi-Annual Sale of $0 -50 L AND L SHIRfS AND PAJAMAS $*| .69 $2.50 and $2.95 Shirts and Pajamas.$1.99 $3.50 and $4 Shirts and Pajamas.$2.79 50c Lisle and Silk Mixed Hose.. 33c 75c Wool, Lisle or Silk Mixed Hose.46c $1 Wool, Silk or Lisle Hose.69c 50c Single-Grip Garters.39c $3.50 and $4 Raleigh Sweaters.$2.89 $10.95 and $12.95 Suede Jackets.$8.85 $6.95 Raleigh Suede Jackets.$5.85 25c White Linen Handkerchiefs.5 for $1 $1.65 and $1.95 Shirts and Pajamas.$1.39 $2.65 Raleigh Unlined Gloves.$1.99 85c and $1 Shirts and Shorts.69c $1 Raleigh Suspenders.79c $1 and $1.50 Neokwear.79c $1.50 and $2 Neckwear.$1.19 $2 and $2.50 Neckwear and Mufflers.$1.69 $3.50 and $4 Neckwear and Mufflers.$2.69 $6.95 and $7.95 Flannel Robes........$4.85 $10 and $10.95 Silk-lined Robes.$6.85 $12.95 Silk-lined and Flannel Robes.$8.85 $14.95 Robes and Lounge Suits.$10.85 The Semi-Annual Sale of Men s Knox Hats Odds & Ends of Winter Stocks Were $7 and $8.50 Knox and Raleigh hats are available at these figures only for the Semi-Annual sale. While the sizes are broken, there are styles for every bead in one group or another. $10 Knox Hats.$6.75 $15 Knox Hats.$8.75 $20 Knox Hats.$11.85 Up to $5 Raleigh Hats.... $2.85 • BROKEN SIZES • 4 AND ART ScHAFFNER & M ARX And Fine Raleigh Topcoats and OVERCOATS I • NO CHARGE FOR ALTERATIONS • Hundreds and hundreds of the newest, smartest SUITS, OVER COATS and TOPCOATS by the world’s most renowned makers oi men’s fine clothing. Tailored to perfection; de signed by artisans of style; woven of ALL-WOOL materials— they are the “best to be had.” To realize their VALUE at these reduced prices remember that the lowest priced suit we have sold this season was priced at $30—and most of diem much higher. 535 to$40 *40 tos45 Suits, Topcoats Suits, Topcoats and Overcoats and Overcoats Important Savings! Impor. Finer materials which have tant Quality! Every one is been good values in our reg* from ouf regular stocks. This ular stocks. The patterns is an opportunity to buy dis* and styles are those the sea tinguished quality marked son has proved most popular, down in this decisive fashion. Many two-trouser suits. *50 to*60 Suits, Topcoats and Overcoats 1 The very finest fabric*— nich detail* of tailoring usually found only in custom work manship. Most of them ara Hart Schaffner & Marx Bench-Made Clothe*. • CHARGE ACCOUNTS INVITED • 0-day accounts are payable at the end of the month following purchase. Extended Payment Plan allows you 4 months in which to make 4 equal payments—without any interest charges. i • • Parking Service at Our Curb—Private Chauffeurs in Attendance • RALEIGH HABERDASHER ■; WASHINGTON'S FINEST. MEN'S WEAR STORE—1310 F. STREET 4 f*