Evening star. [volume], March 14, 1940, Page A-10, Image 10

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

Image provided by: Library of Congress, Washington, DC

                
GOD, PEACE, AND U. S. A.
CHRISTIAN RING—WORLD PEACE
RING—U. S. A. RING
Dnipni by Julian W. Jamison
733 Denison St.. Baltimore. MS.
WILL BE PLACED ON EXHIBITION
MARCH 18TH TO 23RD
inclusive
AT THE JEWELRY STORE
MILTON BAER
JEWELER A SILVERSMITH
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Banquets
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RB| CONTINENTAL
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operates by Jack Melrose. Inr.
^M«n^wi/r*teptom^jo^ 1672^
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You are free to take j
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We give lessons on accordion,
saxophone, marimba, xylo
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guitar, violin, clarinet, trom
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the city.
Federal Regulation
Of Investment Firms
Is Asked by Wagner
S. E. C. Reports Lapses
In Payments Are Costly
To Many Investors
Government regulation of invest
ment companies and advisers was
urged today in a statement by Sen
ator Wagner, Democrat, of New
York, after the Securities and Ex
change Commission informed Con
gress yesterday that failure of pur
chasers to keep up installment pay
ments on a certain type of invest
ment had enabled some companies
to continue in business.
Senator Wagner charged that in
vestors had lost almost 50 cents on
the dollar because of “abuses and
dlllciencies.” In the last decade, he
said, holders of shares in Investment
trusts have lost more than $3,000,
000,000 out of a total investment of
around $7,000,000,000.
The New York Senator, introduc
ing a bill which would place invest
ment companies under the S. E. C.,
said:
“A 'arge portion of these losses is
directly attributable to those man
agements which refused to recognize
their fiduciary • obligations to their
shareholders and subordinated the
interest of the investor to their own
pecuniary advantage.’’
Three Major Companies.
The commission said there were
only three major companies special
izing in installment buying. Its re
port was confined largely to two of
them—Investors Syndicate, with
gross assets of $92,599,349 on Decem
ber 21, 1936, and Fidelity Investment
Association, with $29,449,919 on that
date.
These certificates studied were de
scribed as "in essence, simply unse
cured obligations of the companies
which issue them to pay a specified
sum to the holder at a specified
future date, provided the purchaser,
promptly, and without any de
linquency. makes all the payments
required by these contracts or cer
tificates.”
In the survey of Investors Syndi
cate. covering the 10-year period,
1927-36, the commission srfid:
"The capital loss of $13,735,000
sustained by the holders of lapsed
and surrendered certificates repre
sents their actual contribution to
the company, a contribution which
has enabled the corporation to con
tinue as a going concern, inasmuch
as its net income from its invest
ment sources has been inadequate
for that purpose.”
The report said that the experi
ence of purchasers of Fidelity In
vestment Association certificates
“appears to have been unsatisfac
tory, as a whole.”
Those who kept up payments until
maturity fared satisfactorily, the
S. E. C. said, but added that “a large
majority” terminated the certificates
before maturity by lapse or sur
render and "suffered substantial
losses.”
The report estimated that holders
of association certificates for the
10-year period lost $5,210,000, equal
to 8.7 per cent of the $59,682,000 they
paid in during the 10 years.
Green Absolves F. B. I.
In Wire Tapping Probe
By tbe Associated Press.
Senator Green. Democrat, of
Rhode Island declared last night
that his resolution for a Senate in*
vestigation of wire tapping was not
directed at the Federal Bureau of
Investigation, but instead was based
partly on evidence uncovered by the
F. B. I.
Senator Green said in a statement
that he had “the greatest feeling of
regard for Mr. Hoover (director J.
Edgar Hoover of the F. B. I.) for
the splendid work that he has done
in law enforcement, and for the
efficient and excellent organization
he has built up.”
Don’t be a traffic ehiseler—be
fair.
Ballou Urges Expansion
Of Vocational Training
One of the principal problems con
fronting Washington’s public school
system is the provision of adequate
training for students unable to con
tinue their education in institutions
of higher learning, Dr. Frank W.
Ballou, District school superintend
ent, yesterday told members of the
Lions Cluo
Dr. Ballou advocated expansion of
vocational training in public schools
to prepare for careers “’teenage
youngsters who are finding it in
creasingly difficult to obtain em
ployment.”
The school official made it clear
that such a vocational program
should be aimed principally at those
students who are unable, for one
reason or another, to continue their
education in colleges. "We nat
urally have no trouble with those
preparing to continue pursuit of
their studies following high school
graduation," he said.
Speaking at a luncheon meeting
of the club at the Mayflower Hotel,
Dr. Ballou cited as another prob
lem the requests of civic, patriotic
and religious groups for educational
programs in which they are par
ticularly interested.
He pointed out that there nat
urally is a limit to the number of
new subjects which can be intro
duced, and that for each new sub
ject added to the curriculum an
other study must be sacrificed.
Girdler Hits Wagner Act
As Cause of Turmoil
By the Associated Press.
BOSTON. March 14.—T. M. Gird
ler, chairman of Republic Steel
Corp., contended today the Wagner
Act had "created one of the most
disastrous periods of labor troubles
and turmoil in the country's his
tory.”
"Heralded upon enactment as
ushering in an era of industrial
peace,” the steel man told the Bos
ton Chamber of Commerce, “the
Wagner Act has been used to play
the game of a powerful labor or
ganization.
"In the House investigation of the
National Labor Relations Board we
have had a glimpse behind the cur
tain of the New Deal drama. * • •
We have seen how business has been
made the victim of a double squeeze
between two Federal agencies. I
refer to the agreement of the R. F.
C. to withhold loans to any com
pany if a complaint had been filed
against that company with the N. L.
R. B. alleging unfair labor prac
tices.
“As a result of that agreement,
no company applying for a loan
from the R. F. C. dares call its soul
its own. If any labor organization
sees fit to file charges against such
company the Labor Board, prior to
a formal hearing, can put the com
pany on the black list and black
jack it into submission to the union's
demands.
"That is bureaucracy and Govern
ment, control over enterprise run
riot.”
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Mrs. Nye Is Granted
Divorce at Fargo;
Settlement Is Secret
She Will Retain Custody
Of Children, but Senator
May See Them
In a five-minute court proceeding
yesterday at Fargo, N. Dak., Mrs.
Anna M. Nye was granted a divorce
from Senator Nye, Republican, of
North Dakota, it was learned
through the Associated Press. She
charged cruelty. Neither of the
Nyes was in court, but both were
represented by attorneys.
Except for the fact Senator Nye
will be permitted to see his two
children, Robert. 18, and James, 16,
whose custody were given J^rs. Nye,
terms of a settlement remained
secret.
District Judge M. J. Englebert
granted a motion on behalf of Mri.
Nye for the sealing of the entire
reoord, Including pleadings and
depositions. The court ordered the
ratification of an agreement reached
between the pair February 23 pro
viding for alimony, support and
settlement of property rights.
Judge Englert further ruled that
neither party may remarry with'n
SO days after granting of the
divorce.
The Nyes were married in Bay
field. Wis.. July 14, 1918.
In a brief written statement, left
at his office, Senator Nye made the
following comment regarding the
divorce:
“I cannot hope that our mutual
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friends will understand in any part
the occasion for this action. I can
only hope that it does not give
offense to such friends and that
there may be a general will to at
least assume that such action is
sometimes an only answer to per*,
sonal problems."
Senator Nye was scheduled to
leave here this afternoon to address
a group of the New York City
Board of Trade In that city.
1 rS
Northeast Food Center—4th fir G Sts. N.E.
Mr. Deckelbaum Says:
"We don't stock any food product that enjoys a better
reputation, nor one that is a more ready sailer, than
Washington Flour. It takas real quality to deserva repeating
week after week and month after month, and our experience
is that once a lady tries Washington Flour she becomes a
steady user. And the makers of Washington Flour tell
us, and we tell our trade, that every sock is guaranteed to
give better satisfaction thon any other flour they have aver
used. We have never had to refund the money on a
single sack of Washington Flour—but both make good
always—the Ploin Washington Flour for all purposes; ond the
new Self-Rising Washington Flour, the special flour for
biscuits, woffles, etc. WM. DECKELBAUM."
Every User Says the Same Thing About
- "It Makes Good in Every Baking"
That's a wonderful record—and justifies our positive
guarantee that EVERY SACK of WASHINGTON
FLOUR will give YOU BETTER SATISFACTION than
ANY FLOUR you have ever used—or, money back.
Buy it—and try it with that assurance.
Yes, it is "different" flour—but it is different because
it is made of carefully selected wheat—and milled in
the good old-fashioned waterpower way.
Plain
Washington
Flour
for all purposes — it bakes
everything to perfection—with
never a failure.
New Improved
Self-Rising
Washington Flour
•specially for biscuits, waffles,
shortcakes, made without
baking powder.
The NEW IMPROVED SELF-RISING WASHINGTON FLOUR and
PLAIN WASHINGTON FLOUR are for tale by ALL grocers, deli
catessens, markets and chain stores. When buying Flour ask for
WASHINGTON FLOUR RY NAME.
Wilkins-Rogers Milling Company o°c;
Women See results of “Triple-Test” -
Proving Chipso unsurpassed for
Speed, Power and Safety-Together!
Cleveland Women’s Club sees results that
prove new Cbipso’s leadership! On all three
points of Speed, Cleansing Power and Safety
combined, wonderful, new Chipso wu un
matched by any of the 8 soaps tested!
It was amazing! Women were thrilled
when they learned that not even popular,
high-powered granulated soaps could
match this wonderful, new Chipso on all
three points of the test.
And when you first try new Chipso
yourself you’ll agree that Chipso brings
you the very things you want in your
washday soap!
A Spectacular Test!
We tested Chipso against 8 popular wash
day soaps, on the very points women
themselves would use to select the best
washday soap! Here they aie:
x. MORE SPEED—Before eye-witnesses
in 16 different towns, Chipso beat even
popular, high-powered, granulated soaps
in speed of sudsing. Imagine! This won
derful, new Chipso dissolves up to 44%
. . A. 4AA//A
faster—does a heavy wash in record time!
a. SNOW-WHITE WASHES-What
oceans of suds! Chipso gave almost one
fourth more, ounce for ounce, than the
average of the 8 other soaps tested! Be
sides, Chipso gets clothes far whiter than
less efficient soaps we tested.
S- OUTSTANDING SAFETY-Chipso’s
safety is proven beyond all doubt Your
prized colored washables will be safer in
gentle Chipso than in those stronger gran
ulated soaps women used to think they
had to rise!
Money-Back Guarantee!
Try new Chipso yourself You’ll be de
lighted with its performance! Get a pack
age from your dealer right away. Try it
out your very next washday! If you don’t
agree that this wonderful, new, Foster
Sudsing Chipso lives up to all our prom
ises for all-around washday performance
of speed, power, and safety—return the
unused portion to your dealer and he’ll
gladly give you your money back!
“Wa’ra for Chipao”! Read what the Ohio Protaatant Welfare & Civic League, Cleve
land, Ohio, aatd of new Chipao: "Chipao aatoniahed all of us. I think moat everybody
waa convinced that there ian’t a waahday aoap that can do a better, quicker, eater job tbr
them. We’re tbr Chipao—and H’a Chipao tor ua!”
MRS. A. MARIE SCHMITT (Executive Secretory)
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^ TUT NO. l-SPRO-Bye-witneae.
( ** MW Chipao beat 8 famoua waahday
< aeapa in apead of aolution and auda
\ inf. Chipao atarta faatar, turna oat
your haariaat waab in record timet
ALL MV HEAVY WASH — SNOWY V
WHITE! AND I'M NOT EVEN TIRED^
THANKS TO HARD-WORKING j-Z-S
CHIPSO! NO MORE ir-,/
HARD SCRUBBING A'.Yi I If
if
TUT NO. S-CLUNSINO NW
Nt-Thoao hard-working Chipio ludi
halp chan out ovary bit of dirt. CWpao
givaa you a dauling-whita with ia
racord thao without hard (crabbing)
OUR FINEST COLORED WASHABLES Tj
W«r?™5!J5S!SS^
GENTLE 1
CHIPSO \
CLEANSING!]
•.. I H m. I. 'MI ii '
TKST NO. S-SAPCTY-Mora and
more.'feonwn who used to think thoy had
to um-popular, high-powarad, (ranulatad
T**H»"«*
TMI SAMI IAMIUU MCXAtl
NOW CONTAINS TMI NSW
MSTK-SUDSINO CHINO.