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Court Acts to Avert
Bankruptcy of TV And Appliance Firm Federal Judge Luther W. Youngdahl yesterday issued an order on behalf of Phillip’s Tele vision and Appliance Co. enjoin ing anyone from interfering with its normal business operations until all creditors have a chance to pass on the company’s plan for paying off a total indebted ness of $686,126. Through Attorneys Samuel M. Greenbaun and David Hornstein, the company had filed a petition in United States District Court for the District of Columbia earlier in the day under Chapter 11 of the Bankruptcy Act as a means of avoiding bankruptcy and facilitating payment of all debts. Two of its 112 creditors had filed debt suits during the week. The court order is binding until entry. of the final decree in the proceedings. Meanwhile, Phillip’s business will continue as usual under the court’s super vision. John A. Bresnahan. Washington attorney, was ap pointed referee and the company was given 10 days in which to file a schedule of debts and state ment of affairs. Letters Sent to Creditors. The company represented to the court that its volume of business for the next two months should be sufficient for it to operate on a profit of nearly SIO,OOO a month, plus collections of $15,000 to $20,000 monthly from accounts receivable. Letters are being sent out to all 112 creditors for their accep tance or rejection of the firm’s proposed plan for payment. Ac ceptance by a majority, it was said, would be binding on all. A creditors meeting will be held in the next two or three weeks. The company had voluntarily called a meeting more than a month ago, which the 18 largest creditors, representing a major ity of the indebtedness, had at tended. At another meeting, 16 of the 18 attended and expressed willingness, Mr. Hornstein ex plained, to go along with the company’s plan. The two un interested absentees, who later filed suit, were the Parks Radio Co. of New York, which claims $12,010; and the Kauffmann- Washington Co. of this city, with a claim of $15,577. Volume Declined Sharply. The two largest creditors to which Phillip’s owes more than SIOO,OOO each, are the Halli crafter Co. of Chicago and the Greber Co. of Baltimore. They have agreed to the company's payment plan. Mr. Hornstein said the 18 largest creditors have claims of $650,000 against the total of $686,125 involved. Phillip’s financial difficulties began at the start of the year. The firm had been doing a monthly business in excess of $600,000 and earning substantial profits, counsel explained. Volume began declining until now it is about one-half normal. As a result it had a greater inventory than was required, assets being frozen. The two officers of the com pany had offered to take cuts of $5,000 in their salaries but Judge Youngdahl said the court will fix salaries by a later order. Payment Plan Outlined. Philip Filderman is president, at a salary of $28,600; and Myer A. Filderman is vice president and treasurer at a salary of $23,600., Offices are at 937 F street N.W. Under the payment plan pro posed to the creditors all debts occurring after 9:30 a.m. yes terday would constitute prior claims against all assets and must be paid before any pay ments can be made upon the present unsecured indebtedness. The plan furthe. provides that all debts accrued since May 1 and all debts of SIOO or less, regardless of when accrued, are to be paid in cash on confirma tion of the plan. Debts over SIOO ( or less than SSOO accrued prior! to May 1, will be paid one-sixth : in cash and one-sixth monthly thereafter. Debts over SSOO. accrued prior to May 1, will be paid in amounts of 5 per cent cash and 5 per cent each month thereafter. 10 Killed in Rioting At Gold Coast Fort By th« Associated Press ACCRA, Gold Coast, May 9. Ten or more persons, including Police Superintendent Edgar Brookes, were killed in rioting to day at Elmina, a historic port of this British crown colony. A new local tax was held re sponsible for the trouble. A large crowd of Africans gathered last night to protest the tax. but was dispersed by police with tear gas. Another crowd formed this morning and headed toward the quarters of police reserves. Mr. Brookes, a white man, was shot, setting off the rioting. mmmm Learn Quicklymmmm FRENCH SPANISH RUSSIAN-ENGLISH Experienced Native Instructors intensive Summer Courses Cleese* Start June 1,2, 8, 9 2 Month*—*s2 Hr*.—s7s LACAZE ACADEMY OF LANGUAGES 7”he Dittinguithmd School Establish** I»S# 1740 K ST. N.W., RE. 7-7817 ISlp L,• If; dmr? * mst. * ilk mt Jr jS| MEETING THE PRESIDENT—Emma Ramming, 35-year em ploye; Samuel M. Hecht, president of the Hecht Co., and Miss Florence Austin, 30-year employe, meet during a reception preceding the firm’s annual banquet for the 10-to-50-Year Club and the 5-to-10-Year Club. —Star Staff Photo. Business to Improve Over 1952, Weeks Is Told by Council By the Associated Press HOT SPRINGS, Va.. May 9.; —lndustry leaders assured Sec retary of Commerce Weeks today that business activity in 1953 promises to top last year’s boom level. But profits may lag because of harder competition in prices and services, members of the Depart ment of Commerce Business Ad visory Council predicted in their j closed meeting here. Ten corporation heads, speak- i ing for as many major fields of industry, presented the forecasts to the conference of 100 execu tives. Council Chairman John D. Biggers summarized the outlook later for reporters, saying: “In many . lines, the seller’s market has passed or is passing, j Competition is becoming more intense, and the council considers this a desirable economic devel opment. “It was the general conviction of members that business will be good, certainly for the rest of 1953, and that the volume in most lines—and as a whole— will be better than in 1952.” Vice President Nixon, speak ing off the record, gave what members later called an “im pressive and lucid account of the Eisenhower administration's ef forts to cope with the double barreled problem of keeping the j Government solvent and the country secure.” Privately, industry men said i they were impressed with the attack made by the Eisenhower adminstration on the problems. Speakers reported no sign of a substantial drop in business plans to invest in new plant and equipment. These are now mov ing forward at a rate of $27 .5 billion annually. The meeting of the council, which was created 20 years ago to advise the Commerce Depart ment on economic questions, had its climax tonight at a dinner j with Mr. Weeks as one of the speakers. Mother's Day Roses Bring Word of Son By the Associated Press BINGHAMTON. N. Y., May 9. —A florist today delivered a dozen red roses to Mrs. William J. Bayliff. The mother’s day greeting with them was signed simply. “M'Sergt. Gilbert Christie from your son, Mat thew.” It was the first word Mrs. Bay liff had received of her son, Sergt. Matthew J. Murphy, since he ! was captured by the Communists I in Korea November 30, 1950. j “It’s the best mother’s day I j ever had,” she exulted. But who was Sergt Christie and what was the story behind the roses? The Binghamton Press located , the 43-year-old Christie at Val ley Forge Military Hospital,; Phoenixville, Pa. The sergeant confirmed by tel ephone that he had sent the roses to Mrs. Bayliff.' In fact, he told the Press, he also had sent them to the. mothers of seven i other buddies left behind in I prison camp 4 on the Yalu River, j as well as to his own wife and ! mother. .1 Sergt. Christie, from Newport, j Ind., is suffering from tubercu losis and was released in the ex change of sick and wounded i POWs. He was captured August 6. *1951. | He asked the reporter to tell Mrs. Bayliff her son was in pretty good health when he last saw I him on April 15. " • Special • | - REUPHOLSTER SOFA & CHAIR AAOO Including labor and • materials—new springs vl and filling where necessary—pick-up and ... delivery—3-year guarantee. SUP COVERS 0795 2 Pieces, sofa and chair. Larße selection of M **** material—plain and floral. J| yp HOFFMANN REDESIGNING AND CUSTOM-MADE FURNITURE UPHOLSTERERS—INTERIOR DECORATORS Estimate* Cheerfully Given Within • 50-Mil* Radius 2447 18th Street N.W. CO. 5116 VISIT OUR SHOWROOM. Open Every Evening Until 9 PM. Instruction Director To Address Arlington School PTA Meeting C. Glen Haas, associate super ; intendent and director of in ' struction of Arlington County schools, will speak on an educa tional platform for public schools at a meeting' of the McKinley Elementary School PTA at 8 p.m. tomorrow in the ’ school, 1030 North McKinley road, Arlington, Va. Mrs. Edmund D. Campbell, vice chairman of the Arlington ; County School Board, will pre side at the installation of the fol lowing new officers: George Park er, president: Mrs. J. P. Aarson, vice president; Mrs. Charles Dry er and Mrs. Carl Pilger, secre taries; Earl Meyers, treasurer; Mrs. M. W. Hanchette, parlia mentarian, and Mrs. C. E. Mer i riman, historian. ! • Other PTA meetings scheduled this week in nearby Maryland and Virginia are: Tuesday. Westlawn, 8 p.m.—Following elections Robert F. Davis, a member of the Fairfax County School Board, will install new officers at the school in Falls Church, Va. Saturday. McKenney Hills—A fair will be held from 1 to 7 p.m. at the school, on Hayden drive in Silver Spring, Md. A buffet dinner will be served at 5 p.m. j Twinbrbok—A mobile X-ray j unit offering free tuberculosis X-rays will be included in a community fair to be held from 11:30 a.m. to 8 p.m. on the fair grounds adjoining the school at Ardennes avenue and Viers Mill road, Rockville, Md. Murray Foundation Appoints Truman The CIO announced yesterday that former President Truman I had agreed to serve on a 13- member public advisory board of ; the Philip Murray Memorial Foundation. Emil Rieve, CIO vice president and chairman of the foundation, said the advisory board will hold its first meeting here June 3. He said that the million-dollar goal had been reached, either in ac tual payments or firm commit ments. The board will decide pre cisely what to do with the money which was raised with the gen eral purpose of creating a memo rial to Mr. Murray by encour aging research and scholarships in various fields of interest to labor. Also on the board are: Cyrus j S. Ching, former director of the : Federal Mediation and Concilia | tion Service; Mr. Franklin D. Roosevelt; Dr. Frank P. Graham, former president of the Univer- I sity of North Carolina and for mer Senator; W. Averell Harri man; Archbishop Francis J. Haas lof Grand Rapids, Mich; Judge William H. Hastie, United States Court of Appeals for the Third Circuit; Eric A. Johnston, presi dent of the Motion Picture Pro ducers Association; Henry J. | Kaiser, industrialist; Thomas E. Murray, member of the Atomic i Energy Commission; Rt. Rev. ! Austi Pardue, Episcopal bishop ! of Pittsburgh; Miss Frances Per [ kins, and Rabbi Jacob J. Wein stein of Chicago. Rubber Imports Grow Estimated rubber imports by Soviet Russia and China. to gether last year were 146.750 tons compared with 135,750 tons tin 1951. Hecht Official Sees Business Rise When U. S. Job Unrest Ends Washington area sales volume will Increase during 1953 when Federal employes become more certain of their future, Harry M. Davidow, executive vice pres ident of The Hecht Co, predicted last night. Mr. Davidow. addressing the annual dinner -meeting of the; company’s 5-to-10 and 10-to-50 j Clubs last night at the Hotel Statler, said, “All normal busi ness barometers indicate good I business In 1953.” “There has been a lot of unrest among the Government em ployes, an important segment of our business,” Mr. Davidow said. “But these people cannot stay scared forever.” He predicted the situation would only last a few months longer. Samuel M. Hecht, president of the company, told his employes they were the backbone of the store. “They have contributed to the past and are devoted to the fu ture,” Mr. Hecht Commented. Mr. Hecht also viewed the pres ent sales volume as a temporary condition He said the volume soon will proceed as it has in the past. Two hundred and fifteen new members were taken into the clubs. Mr. Hecht was among 16 persons to receive gold watches signifying 25 years of service. John Agar to Tour; Jail Term Ends Today By the Associated Press SANTA MONICA, Calif., May ! 9.—Actor John Agar, 31. winds! up his 120-day jail term for pro- ' bation violation tomorrow and I will start immediately on a brief I personal appearance tour. He was to have been sentenced ! today on charges of drunk driv ing and driving with an opera tor’s license suspended. But his studio obtained a postponement until May 23 so he can make the tour. The former husband of Shirley Temple was on probation from two drunk driving convictions in 1951 when he was arrested on a similar charge last January 22. Conductor Sought The Arlington Civic Symphony Orchestra is seeking a conduc tor to replace Bernard Rosenthal, who resigned recently. Applica tions are being received by Mrs. Arlene Robinson. 905 Eighth street. Alexandria. Closing date is July 1. 7rh, Bth AND E STREETS N.W.-NA. 8-9800 Glitter at your fingertips! WjM Sparkling Cocktail fedgl Glamour Rings &£%i Add glamour to every gesture with a sparkling cocktail ring! These rings will catch every light, sparkle so much like real stones you'll have everybody guessing! Every simulated stone beautifully cut, expertly mounted in sterling, silver! See them tomorrow, sure! Lansburgh’s—JEWELßY—Street Floor Meet Miss Margaret Reed a j iM VFW Schedules Buddy Poppy Drive - Senior Vice Comdr. Matthew Kane, chairman of the District of Columbia Department of the Veterans of Foreign Wars Buddy Poppy drive, has announced that it will be held May 20 through May 23. A meeting of this committee will be held at 8 p.m. Thursday at department headquarters. Past Department Comdr. Charles B. Jennings has com pleted plans for the seminar which will be held from 7 to 9 p.m.. May 11, 12 and 13, in tne board room of the Civil Service Commission, Seventh and F streets N.W. Comdr. Basil B. Allison, Jr., of All-American Post reports that post meetings will be held on the fourth Friday of each month at 217 Oneida place N.W. The post will hold a social meeting on the second Wednes day of each month at the same address. Seam Squirrell Otto Simon of T. N. T. Pilp Tent, military Complete Power Tool Dept. COME IN AND BROWSE See Our Large Display «Here Is An All-Purpose DELTA SAW Designed especially for the pro fessional or omateur . . . where requirements ore' light . . . con be taken right on the job os it progresses thereby saving valu-% oble time ond lobor. Specifications: Motor roting , . . Vi h.p.; r.p.m. . , . 3450; kind of track . . . ball-bearing; width bf machine . . . 22"; wood toble top . . . 20"x22"; depth of cut 8" blade . . . 2"; etc. Complete Plenty of Free Parking Order of the Cootie, announced that the Cooties and Cootiettes will vjsit Mount Alto Hospital at 6:30 p.m. today. Department Comdr. Albert J. Novak and several members of the national honor guard will be guests on the Hazel Markel Show on television station WTTG at 2 p.m., Tuesday, in connection with the Buddy Poppy drive. Meetings this week are: Sunday GPO Post, 530 Eighth street S.E. Tuesday— Robert E. Peary Ship, 1123 Thirteenth street N.W.; Washington Post, 1749 Pennsylvania avenue N.W.; Fed eral Post, 1809 Rhode Island avenue N.E. Wednesday—Front Line Post, 419 Seventh street N.W.; Po tomac Post, 1818 Rhode Island avenue N.E.; George G. Blake Post, 1227 Wisconsin avenue N.W.; Takoma Post, 8 Columbia avenue, Takoma, Park, Md.; Lt. Col. John J. Heil Post. 2022 Rhode Island avenue N.E. Thursday lnternal Revenue Post, 539 Eighth street S.E. THE SUNDAY STAR, Washington, D. C. SUNDAY, MAT 10. IBA3 Job's Daughters Plan Annual Convention The Grand Guardian Council of the International Order of Job’s Daughters will open its three-day annual meeting at 7:30 p.m. tomorrow at the Church of the Reformation, par ish hall, 212 East Capitol street. Mrs. Mildred Christensen, grand guardian of the District of Columbia, will preside at the formal opening. On Tuesday at 7:30 pjn.. a business session will be held, followed by election of grand of ficers at 9 p.m. The officers will be installed at 8 p.m. Wednesday, followed by a reception. Bethel meetings this week are: Bethel No. I—Saturday, in stallation of officers. Bethel No. 3—Thursday, elec tion and Bethel night. Bethel No, s—Friday, installa tion of officers. Bethel No. 7 Wednesday, election and birthday night. GUARANTEED INCOME S6OO cash, gives you your own independent business. Be your own boss operating a route of our new 5c dis pensers, handling a new fast moving confection. NO SELLING All locations obtained for you by company representa tive, you operate route only. No experience needed, can be operated in spare time as little as 4 hours per week. You must have car, references and $600.00 Cash which is protected by an ironclad money-back guarantee. Spare time should net up to $70.00 per week, full time more. Liberal financial assistance given on expansion program. 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