Evening star. [volume], February 09, 1940, Page A-17, Image 17

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

Image provided by: Library of Congress, Washington, DC

                
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B. J. WERNER
1937 5th N.E. NORTH 881 3
■y
r
m
6,000 to Be Listed
For Park Savings
Special Dividend
Complete Audit Made
'Of 18,000 Accounts
By Special Master
About 6,000 depositors of the
closed Park Savings Bank will be i
recommended to District Court for :
a share in the special dividend to ;
be paid those who retained money
in the bank from the date its char
ter expired August 30, 1929, it was
learned today.
The recommendation probably will
be made to court late this month
by* James C. Wilkes, special master
appointed by the court to supervise
a careful audit of accounts for this
purpose.
Mr. Wilkes explained notices had
been sent to approximately 18,000
depositors notifying them to pre
sent claims. The special master
heard about 3,000 persons who
wished to clear up some point about
their accounts. About 125 were able
to present evidence establishing
their claim to part of the dividend,
although they had not been on the
special list prepared from data in
the bank. Old records had to be
investigated to substantiate these
claims.
18,000 Accounts Audited.
The special master and his au
ditors at an office in Police Court
Building made a complete audit of
more than 18,000 accounts in the
bank, owners of which appeared
to have some claim to the special
dividend. This dividend is payable
as a result of a court decision hold
ing the directors liable as trustees
of the bank when the charter ex
pired in 1929. The directors finally
paid $500,000 to settle all claims.
Of this $150,000 went into the gen
eral fund for a dividend to all
creditors of the bank, and the re
maining $350,000 will be used first
to pay expenses of litigation and
other expenses, and to pay a special
dividend to deporitors who main
tained a balance in the bank be
tween August 30, 1929. and the time
the bank closed in 1933.
Details of how much each de
positor will receive has to be worked
out after approval of the recom
mended schedule to the court, and
allowance of claims. Among the
claims are those by the depositors’
committee, the counsel for the
committee. William E. Richardson
and E. Hilton Jackson, and the dis
bursing agent, John F. Moran, who
also is receiver of the bank* How
much these allowed claims will be
cannot be disclosed until the special
master's report is submitted to the
court.
Depositors to Be Notified.
After the report goes to the court,
the procedure, it is understood, will
be for the court to notify all the
6,000 depositors that the case is
before the court, and they may be
heard if they care to appear. It
is believed, however, the special
master has cleared up all these
cases, and the time taken by the
court in handling the matter may
be reduced to a comparatively short
time. All phases of the matter
must be approved finally by the
court. !
The accounts then will be turned
over to the disbursing agent, John
F. Moran, for calculation of the
dividend, drawing of the checks and
distribution of the dividend.
Settlement Workers
Plan Problem Forum
Co-operative effort toward solu
tion of problems facing executives
and board members of Washington
settlement houses and employes of
such establishments will be facili
tated in the future through “an
exchange of representatives” of the
Washington Chapter, National Fed
eration of Settlements, and the local
organization of staff workers.
The proposal for co-operative con
sideration of questions received in
formal approval yesterday at a joint
meeting of the chapter, comprising
settlement executives and directors
and the staff employes.
Methods of bringing about exten
sion of social security benefits to
social workers and the “pros and
cons” of unionization in their field
were among the subjects discussed
at the session, but no conclusions
were reached.
I rail Llub Plans
Winter Sports Trip
With prospects of skiing, the Po
tomac Appalachian Trail club is
planning a winter sports trip in the
Shenandoah National Park Sunday.
A report on depth of the snow is
to be obtained today by John S.
Burlew, 3620 Connecticut avenue,
one of the leaders of the trip. If
weather conditions permit, hikes
will be taken by those who do not
care to ski.
The party will leave by bus at 7
a.m. Sunday from Eighteenth street
and Pennsylvania avenue N.W. Pri
vate parties in automobiles, whether
members of the club or not, will be
welcome to join the party. j
It is hoped there will be skiing at
both Sexton Knoll and at Skyland,
The group will return to Washing
ton Sunday night.
service Orders
ARMY.
FIELD ARTILLERY.
Cassidy, Second Lt. Robert F.. from Ran
dolph Field to Fort Sam Houston.
INFANTRY.
Compton. Maj. Irving, from Fort Bam
Houston to Eau Claire.
MEDICAL CORPS.
Bunshaw, First Lt. Raymond H„ from
Washington to Carlisle Barracks.
NAVY.
BUREAU OF NAVIGATION.
Bernhard. Capt. Alva D.. from U. 8. 8.
Lexington to Newport. R. I.
Douglas. Capt. Archibald H.. from New
port, R. I., to U. S. S. Enterprise.
Pearce. Lt. Edward S., from Washington
to U. S. S. Boise.
MEDICAL CORPS.
Kellev. Comdr. Robert E. S.. from Mare.
Island to U. S. 8. Indianapolis.
Douthat. Lt. Robert C.. from St. Louis to
Portsmouth. Va.
Raines. LT. George N.. from U. S. 8. Lex
ington to Philadelphia.
DENTAL CORPS.
Fowler. Lt. (J. g.) William M., from U. 8. S.
Lexington to Norfolk.
MARINE.
Benson. Capt. William W.. A. Q. M.. from
Bremerton to San Diego.
Holladay. Capt. Davis A., retired, from
Little Rock to Birmingham.
Talbot. Capt. John F, retired, from St.
Louis to Kansas City.
Schwerin. Capt. James P.. from Kansas
City to Los Angeles. .. .
Taxis. Capt. Samuel O., from Quantlco
to Parris Island. _ _ _
Fraser. First Lt. James O.. from Pearl
Harbor to San,Diego. ...
Fontana. First Lt. Paul J.. from Pen-1
•aeola to San Disco.
1. M.C. A. Forum Hears
1940 Campaign Discussion
The record of the present admin
istration was pointed to as an argu
ment for electing a Democrat to the
presidency next November, in an
iddress by Capt. Victor Hunt Har
ling, executive secretary of the
Democratic National Congressional
Committee.
Capt. Harding spoke on “Issues of
-he 1940 Political Campaign" in the
Jiird of a series of forums under
tusplces of the Central Young Men's
Christian Association, in the build
ng at 1736 G street N.W. Repre
sentative Corbett, Republican, of
Pennsylvania spoke for the O. O. P.
Capt. Harding developed the
thought that the Democrats can
answer the question as to business
conditions by pointing to an upturn.
"We certainly took the country
over when the Republicans hadn’t
solved the problem and were making
no attempt to solve it,’’ he said.
Mr. Corbett said there are “some
55 billion dollars of capital lying
idle and so long as the element of
risk is as great as it has been dur
ing the New Deal administration,
persons with Initiative and enter
prise are not going to risk their
capital.” The Republican party, he
suggested, would adopt measures
designed to put to work much
money that is now idle by making
business enterprises safer and in so
doing bring about prosperity.
The forum panel consisted of
Chester Williams, assistant admin
istrator of Federal Forum Projects,
Office of Education, chairman;
Edward M. Wilcox, Washington cor
respondent of the Philadelphia J
Evening Bulletin; Leo A. Rover,
former United States district at
torney, and H. Winship Wheatley,
lawyer.
Tip on Blackouts
To see during blackouts one should
consume plenty of milk, butter,
carrots and other green vegetables,
according to London specialists.
Mrs. Harvey Dies; Was
Gold Star Mothers Official
M.i. Frank B. Harvey, a former
resident of Washington and a na
tional and local officer of the Amer
ican Gold Star Mothers, died
Wednesday at her home, in Gamber,
Md., after a brief illness.
Mrs. Harvey and her husband
moved to Maryland from Washing
several years ago.
t the time of her death Mrs.
Harvey was national recording sec
retary of the American Gold Star
Mothers, of which she was a former
vice president. She was the first
vice president of the Grace Darling
flelbold Chapter here.
Mrs. Harvey lost her only son,
Frank Bragdon Harvey, in the World
War. In addition to her husband,
she is survived by her mother, Mrs.
Flora Bragdon Campbell.
Funeral services will be held at
10 o’clock Monday morning at the
Gamber-Mount Pleasant Methodist
Church, and burial will be in Fort
Lincoln Cemetery.
Rabbi S. H. Metz to Talk
On Lincoln Tonight
Rabbi Solomon H. Metz will speak
on “Abe Lincoln of Illinois” at the
religious service of Adas Israel Con
gregation this evening.
After the services a symposium
led by Mrs. Moe Offenberg, presi
dent of the Washington Chapter of
Hadassah, on "The Influences of
the Hadassah’s Educational Pro
gram,” will be held, with Mrs. Aaroa
Shalowitz, Mrs. Lawrence Koenlgs
burger and Mrs. Milton Cohen par
ticipating.
The services will be conducted by
Cantor Louis Novlck, assisted by the
choir, under the leadership of Abe
Shefferman.
Mexico is threatened with a short
age of cigarette paper because of
war.
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