Evening star. [volume], February 25, 1940, Page A-7, Image 7

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

Image provided by: Library of Congress, Washington, DC

                
Attendance of 1,150
Af Bankers' Banquet
Sets New Record
Many U. S. Officials
Are Among Guests;
Gheen Speaker
(Guest list, page A-6.)
With an attendance of 1.150, the
S5th annual banquet of Washington
Chapter, American Institute of
Banking, at the Willard Hotel last
night, broke all previous records,
the main ballroom being crowded to
capacity, the balcony as well as the
■mall ballroom being used.
The guest list included many
high-ranking Government officials,
leading Washington bankers and a
host of financiers from out of the
city. Serious banking problems were
eidetracked while gayety prevailed
during the program. Many of the
honor guests were introduced.
Francis E. Robey, Bank of Com
merce <fc Savings, chapter president,
presided, announcing the invocation
by the Rev. Albert J. Du Bois, rector
of St. Agnes Episcopal Church. This
was followed by a salute to the colors
by men from the United States
Marine Corps.
Dr. Harold Stonier of New York,
executive manager of the American
Bankers' Association, extended greet
ings from that organization to its
educational affiliate, while J. Le Roy
Dart, Florida banker and national
vice president of the institute, dis
cussed the organization's educa
tional program and expressed grati
tude for the assistance given by the
local chapter. He reported a na
tional enrollment of 44,000 in in
•titute classes this year.
James E. Gheen, New York, was
the principal speaker. While his
address was largely humorous, he
told the junior bankers that success
, Is not a matter of luck, but is won
by the hardest kind of work and
much sacrifice.
During the evening, Joseph R.
Fitzpatrick, Second National Bank,
president of the chapter last year,
was presented a watch as the
chapter's appreciation of his valued
services. An entertainment followed
the short addresses and the rest of
the evening was given over to
dancing.
The following were among the:
distinguished guests at the dinner:
Jesse H. Jones, Federal Loan Ad- j
ministration; Marriner S. Eccles,:
chairman of the Board of Gov- ,
ernors, Federal Reserve System; |
Emil Schram, chairman Reconst rue- 1
tion Finance Corp; Daniel W. Bell,
Undersecretary, of the Treasury;
Preston Delano, controller of the
currency; John K. McKee, member
Board of Governors, Federal Re
serve System; M. S. Szymczak,
member Board Governors. Federal
Reserve System; Sam H. Husband,
member Board of Governors, Re
construction Finance Corp.; Howard
J. Klossner, member Board of Gov
ernors, Reconstruction Finance Corp.
Hugh Lesch, president Federal
Reserve Bank of Richmond; J. Le
Roy Dart, vice president American
Institute of Banking; Harold
Stonier, executive manager, Ameri
can Bankers’ Association; D. J.
Needham, general counsel, American
Bankers’ Association; Ord Preston,
president District of Columbia1
Bankers’ Association; E. H. Gough,
deputy controller of the currency:
A. J. Mulroney, deputy controller of
the currency; C. B. Upham, deputy
controller of the currency; George
H. Keesee, cashier. Federal Reserve
Bank, Richmond- W. R. Milford,
managing director Baltimore branch
Federal Reserve Bank; Daniel C.
Roper, former Secretary of Com
merce; Bolitha J. Laws, associate
Justice of the District Court of the
United States for the District of
Columbia; W. P. Folger, chief na
tional bank examiner; John G.
Nichols, chief examining division,
Federal Deposit Insurance Corp.; j
Leo H. Paulger, chief examining
division, Federal Reserve System;
W. C. Costello, assistant to the
Board of Directors, Reconstruction
Finance Corp.; Lawrence Clayton,
assistant to the chairman. Board of
Governors, Federal Reserve System; S
Jo V. Morgan, District Board of Tax
Appeals; Elwood H. Seal, District ,
corporation counsel; Richmond B.
Keech, vice chairman, Public Utili
ties Commission; Jennings L. Bailey,
chief national bank examiner, fifth
district: Frank M. Totten, past
president, American Institute of
Banking: Charles F. Ellery, past
president American Institute of
Banking; Ronald Ransom, vice
chairman Board of Governors. Fed
eral Reserve System, and A. L. M.
Wiggins, chairman. Committee on
Federal Legislation, American
Bankers’ Association.
Walton L. Sanderson was gen
eral chairman of the Banquet Com
mittee, assistant chairmen including
Aubrey O. Dooley, Frank M. Perley,
Richard A. Norris. John M. Christie,
Robert H. Lacey. Kenneth Birgfeld,
J. Earle McGeary. Edward M.
Blaiklock and Paul J. Seltzer.
Man Dies in Sleep; Wife
Gives Birth to Daughter
By the AssocUted Press.
NORWALK. Conn.. Feb. 24—Ar
thur H. Bennett was fatally stricken
with a heart attack while asleep.
Boon after, his wife gave birth to a
(laughter in a nearby room.
FOUNTAIN, N. C., Feb. 24 (/P).—
A double funeral was held today for
Mr. and Mrs. John Bascom Speight.
Each was- 80 years old. They had
been married 57 years. They died
yesterday within five minutes of
each other of the same cause—a
heart attack.
Fib About Her Age
In 1897 Catches Up
With Woman
By th« Associated Press.
RALEIGH, N. C., Feb. 24 —
Don’t fib about your age. girls,
the State Division of Public As
sistance advises—it may keep
you off old-age assistance rolls
some day.
The division related this story
to illustrate:
An applicant said she was
more than 65, the required age
for pensions. And her appear
ance seemed to bear this out.
But the only documentary evi
dence, a marriage license issued
in 1897, gave her age as 17,
making her now only 60.
The woman explained she
was 34 when married, but
wished to conceal her age from
her 24-year-old bridegroom.
WHEN BANKER MEETS BANKER—Shown at the 35th ajinual banquet' of the Washington Chap
ter, American Institute of Banking, last night at the Hotel Willard are (left to right) Emil
Schram, chairman, Reconstruction Finance Corp.; Marrlner 8. Eccles, chairman, Federal Re
serve System Board of Governors; Daniel W. Bell, Undersecretary of the Treasury; Robert V.
Fleming, past president of the American Bankers Association, and Preston Delano, controller
of the currency. .. .
Among others who attended the dinner were (left to right)
J. L. Dart, first vice president of the American Institute of
Banking; Francis E. Robey, president of the local chapter, and
Dr. Harold Stonier, educational director of the institute.
—Star Staff Photos.
j National Economy Is Still
j Out of Gear, McNutt Says
I By the Associated Press.
i ARKADELPHIA, Ark.f Feb. 24.—
| Paul V. McNutt, Federal Security
administrator, said here tonight
that the national economy, based
on the economic postulates of a past
era, “an era of scarcity,” is still out
of gear.
"When we become masters of our
environment,” he said, at the 50th
anniversary celebration of Hender
son State Teachers College, Amer
ica will be rebuilt "beautiful, health
ful and clean.”
, Mr. McNutt enumerated America’s
ratio of world resources and wealth,
and recounted the growing uses of
machinery, which he said provides |
means “for the age without fear
or want, the age of plenty."
“We must wage a ceaseless war,”
he asserted, “against avarice and
greed, against crime and ignorance,
against sickness and disease, against
poverty and unemployment.
“Wc- must throttle monopoly, stifle
unholy alliances and combinations
of finan ;e and the instruments of
production.'*
Derelict Ships Saved
Six ships which lay derelict for
years in a southern Eire port have
brough wealth to the owners. Dublin
reports that just before the war
the owners decided to sell the vessels
as' scrap, but a dispute over $75
broke the deal. The ships have
just been sold for $2,100,000. and will
be refitted.
AUCTION SALE"
Furniture & Furnishings, Objects d’Art, Oil
Paintings, Oriental Rugs, and Silverware
including the property of
COL. ANDREW CHRAMIEC
Military Attache, Polish Embassy
(Property being Sold on Account of Hi* Return to Anger*, France)
AUCTION SALE EVERY DAY THIS WEEK
Starting Tomorrow at 1:00 P.M.
COLLECTION OF ORIENTAL RUGS TO BE SOLD
WEDNESDAY EVENING, FEBRUARY 28, AT 8 P.M.
UUflsmncTon <b3il€ri€S
and Cioafr* 4gg(£ InxmnL inc .
Catalogue on Request 722 Thirteenth St. N.W.
",mmm——* I
M2STMnmmm[M
r -
Prince Obolensky, Freed
From Ellis Island, Sails
By the Associated Press.
NEW YORK, Feb. 24—Prince
Nicholas Obolensky, held on Ellis
Island a week for overstaying his
permit, was permitted to depart for
Europe voluntarily today on the liner
Vulcania.
The voluntary deportation of the
43-year-old White Russian, described
by immigration authorities as a
member of the “vagabond nobility,”
was approved by Washington at the
request of United States Immigra
tion Commissioner Rudolph Reimer.
Officials said the prince, a resident
of Italy, came to the United States
about 14 months ago on a 80-day
permit. Relatives said he had been
lecturing on art.
Thief Steals Rabbit's Foot
NEW HAVEN, Conn., Feb. 24 </P).—
Mrs. Russell Wilde reported to police
that a thief had stolen her handbag.
Its contents included a rabbit's foot, i
SLOll’S
^^B B ^B B ^^B Bl ■ B ^B R B H^B^B A ^B ^R B ^S BRfl^^^B B ^R ri^S r^^B B ^R 4 ^^B ^B B B V ^R ^B ^B ^B rr^B^ Bf||L
Federal American
Mod* by oor Own Company of Maiter
craftsman, in gamin* Amazon mahogany.
§ pieces, with Twin Beds.
Regularly $450
*379
Sheraton
j Tni* to every datail to th* Old School.
Honduras mahogany, with marqu*try in
lay. 8 pieces, including Twin Beds.
| Regularly S295
*245
Queen Anne
Produced in our own factory. Genuine
American walnut with figured burl walnut
veneer* on drawer front* and bed panel*.
8 piece*, including Twin Bed*.
Regularly $495
*420
Late 18th Century
English
Rotewood construction, with Roeewood ve
neer* laid in pleating datignt. 8 piece*,
with Twin led*.
1 Regularly $405
*345
American Chippendale
Stamped with the Chinese influence—
| Honduras mahogany construction with
swirl figure veneers. 8 pieces, with Twin
Beds.
Regularly $360
<295
American Colonial
The Twin Beds are the poster type) with
flutes and flame finials. Knee-hole Dress
ing Table. Honduras mahogany. Com
plete 8 pieces.
Regularly 3306
<260
Colonial Chippendale
Twin Pester Beds, carved bad and claw
feet, handsome mirrors. Honduras ma
hogany construction. Completo with 8
pieces.
Regularly S325
$275
Early Colonial
Eight pieces, comprising Bureau (with
mirror), Chest, Kneehola Vanity (with
mirror); Night Table, Bench and chair,
Twin Beds. Solid Honduras mahogany
construction.
Regularly $330
$285
Louis XV
Beechwood construction, with Cuban ma
hogany tops, drawer fronts and bed panels;
natural finish. Hanging mirrors in antique
gilt frames. 8 pieces, including Twin lads.
Regularly S9S0
*623
Early American
Our Company of Mastarcraftsmen exe
cuted this group in solid mapla—giving
it the traditional honey-tona finish. 8
pieces, including Twin Beds.
Regularly $ISO
$149
All these groups ore in "Open
Stock." You con assemble your
own selection of pieces for 3, 4,5,
7 or 8 piece groups. The individual
pieces have the same special re*
ductions.
That means
Every Bedroom Group
Early American
Queen Anne
Hepplewhite
.Federal
Louis XV
is included
Early Colonial
Chippendale
Sheraton
French Provincial
Louis XVI
—and what is of major importance they are all made of genuine
cabinet woods—and in conformity with the Sloane standard of
construction. These are the features that mean VALUE—and
give added interest to the February Sale prices.
ft
American Hepplewhite Group
. • (Illustrated)
r
Con»t°r , Spring*
i • ^SSS^
\ ^'0$-«sr3&i
\ j».5o a-r**-- , pri««
1 ‘ Srivts*J' °'
Charming in its graceful and real Honduras Mahogany construc
tion—with satinwood inlays. Full eight pieces, including Twin Beds.
Regularly $325 ’260 in the February Sale
Courtesy Parking, Capitol Garage. Charge Accounts Available
w M SLOANE
711 Twelfth Street__ Dl. 7262
Our Scarlette O'Hara Home Is Still on View
'Parallel' Action
On Neutrality Seen
For Scandinavia
Norwegian and Danish
Ministers Meet in
Preliminary Talks
By the Associated Pres*.
COPENHAGEN, Feb. 34.—A pro
gram of “parallel action” to enable
Denmark, Norway and Sweden to
guard their neutrality under the
most threatening conditions they
have faced in years was visualized
by Norwegian Foreign Minister
Halvdan Koht as he arrived today
for talks with representatives of
the other two Scandinavian na
tions.
Koht, who said that “the sharp
ened sea warfare” would be one of
the principal topics discussed, went
into conference at once with the
Danish foreign minister, Dr. Peter
Munch.
The talks are expected to get un
der way in earnest after the arrival
of Sweden’s foreign minister, Chris
tian Gunther, who was detained in
Stockholm by a special meeting of
the Riksdag summoned for tomor
row.
The meeting of the foreign min
isters jflnds their nations vitally af
fected by war at sea which already
has cost them more than 50 ships
and the lives of 600 seamen.
In addition, Sweden is concerned
by the recent bombing of the
Swedish border town of Pajala,
which the government has at
tributed to Soviet Russian planes.
Norway still is seeking a settle
ment of the Altmark incident, in
which British warships invaded her
territorial waters and seized 299
British seamen imprisoned on a Nazi
ship.
Paralleling these problems is the
question of the attitude *he three
nations should adopt toward assist
ing Finland in her war with Russia
and safeguarding their neutrality.
In their meeting. Koht and
Munch were reported to have found
inacceptable the advice of both Ger
many and Britain in regard to war
time shipping.
Foreign Exchange
Control Projected
For Sweden
Riksdag Meeting Today
To Act to Halt Flow
Of Gold Abroad
By the Associated Presa.
STOCKHOLM, Feb. 24. — The
Swedish government today sum
moned an extraordinary special
session of Parliament for tomor
row to revise foreign exchange regu
lations and halt the flow of Swe
den’s gold reserves to foreign banks.
Whether the Riksdag also will
discuss the critical foreign political
situation growing out of the bomb
ing of the frontier town of Pajala
last Wednesday was problematical.
However, Soviet Russia’s denial that
Russian planes carried out the raid
—as alleged by Sweden—was be
lieved to have been one of the mat
ters which caused Foreign Minister
Christian Gunther to defer his trip
to Copenhagen, where Scandinavian
foreign ministers are meeting.
The lawmakers will be asked to
extend existing gold export regula
tions to the end that all export and
import of foreign exchange will be
controlled by a central bank. (Swe
den has been off the gold standard
since September, 1931. and since
then has had a managed currency.)
Finance Minister Ernst Johannes
Wigforss explained the change
would be necessary, in view of the
present situation, to safeguard Swe
MAGIC 3
, Stove COAL
SCREENED SOFT
COAL—STOVE SIZE
now ft,
den'* foreign exchange holdings,
economize on existing exchange re
sources, secure the Import of vital
commodities and satisfy the needs
of national defense.
The Russian denial of responsi
bility for the bombing of Pajala, in
the face of positive Swedish state
ments that planes and bomb frag
ments were identified as Russian,
was regarded as involving Sweden’s
national prestige.
Political circles said diplomatic
relations would be endangered If
the U. S S. R. falls to give satis
faction.
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