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2 l' 'l ngfi;. \ £ %‘fi. \ fhag Hagerstown’s . : I"ndepen sooi Published Semi-Monthly In the Interest of Maryland’s Most Progressive Publication Comnmn'ity: Hagerstown, “Where North and South Meet.” YOL L SYMPHONY ORGHESTRA IS PRAISED RATING IS HIGH IN MUSIC WORLD, SAY FAMOUS MUSICIANS Organization Formed Short Time Ago Is Making Splendid Progress The Hagerstown Symphony Orchestra, formed less than six months ago by musicians from Chambersburg, Way nesboro, Frederick and this city, has gained nation-wide recognition in this brief period, it was revealed today thru publication of an article in a national magazine devoted to music. Musicians of international reputation eclaim it ranks favorably with other orchestras of similar type in the United States, and give much credit for its success to the conductor, Stephen Deak, of Balti more. Four concerts have already been pre sented by the group, and approximately 3500 music lovers of Hagerstown and vieinity have been thrilled by its per formance. As a result of these splendid concerts, music critics in Philadelphia, Baltimore, Washington and New York have been favorably impressed and pre dict an even brighter future for the or ganization. Hagerstown, incidentally, is the only ecity of its size which ecan boast of a symphony orchestra, accord ing to the musie erities. Members of the organization serve without remuneration and their enthu siasm, along with the outstanding abil ity of their conductor is responsible for the high standard of musicianship shown at the performances. The orchestra is fast becoming an ace advertising feature for Hagerstown, and the fact that .it has gained splendid sup port from musie lovers of this section, has - foecnsed attention throughout the East to the Hub city. One music eritic writing in a New York paper, states that “The Hagerstown Symphony Or chestra’s superlative entertainment value is a matter of civic pride.” The final concert of the season will be held in St. John’s Lutheran Church Au ditorium, April 30, and it is predicted that all previous attendance records will be broken. - : Dare to say “no” Mo refuse to do a bad thing is to do a good one. HAGERSTOWN, MD., FRIDAY, APRIL 10, 1936 . LITTLE HEISKEL 3 This Bruno Hauptmann case had me up in the & air. I couldn’t under stand just who they fe . wanted to sit in the hot . seat—Bruno or Gover- T nor Hoffman. Anyway, f B now that that’s over we .. can get back to Musso : M~~ lini and his army. Dis patches tell of the Emperor fleeing be fore the Duce’s airplanes. I'd like to see that fellow running with his white skirts flapping around his legs! Pennsylvania’s Reed ecries out loud that the Keystone State is doubtful. The G. O. P. will probably place him at the foot of the class for that! - HOLC BORROWERS ARE ANXIOUS TO PAY Small Percentage of Fore closures Made; One Out of Every 140 More than $600,000 is being received daily by the Home Owners’ Loan Chor poration in Washington in payments by its borrowers located in every city and town in the United States on loans for relief of home mortgage distress during the past 2 1-2 years. As of February 29, total payments of interest and prin cipal amounted to $246,795,297 or 73.4 per cent. of the $£335,669,010 total due the HOLC to that date since the begin ning of its operations in the Summer of 1933. In the 24 business days of Feb-i ruary, total payments were $15.179.851. March payments through the third week were running much higher. Of the total of 7,295 foreclosure pro ceedings instituted by HOLC, out of 998,850 home owners to whom loans were made, 4,162 were deseribed as hav ing persistently refused to attempt to make settlements although “demon strably in a position to pay.” The foreclosure proceedings, about half of which are subject to settlement, amount to one out of every 140 of the corporation’s borrowers, praetically all of whom were in default on their orig inal loans from other sources, and there fore faced the loss of their homes when HOLC ecame to their assistance. - s BOND ISSUES GO 1Y NEAR 1929 VOLUME Predict Industrial Bond Is - sues to be Far in Excess Of Any 1935 Quarter Figures just released in Wall street, show that, despite the confident asser tion of the American Liberty League, that the country is headed for destruec tion and has been since the enactment of the securities and exchange acts, the volume of new bond issues in 1935 was almost as high as in 1929. Here are the figures: 1929 .....cc0v000...83461.841.089 DM iiiiiiiiaias BITODA YIS BOOL e BIERSOE Sl4 ROGZ i viiiinideens L 156.805 899 9B . seeviienei. 404412988 1084 iiiiiiiie e, 1189909000 B v iinerissen. s 8280654908 Commentators for metropolitan banks and financing firms have been freely pre dicting that the volume of industrial bond issues for the first quarter of 1936 will be “far in excess of any quarter in 1935.” 2559, ON UNITED STATES DEBT CONSIDERED RECORD LOW RATE The average rate on the interest bear ing public debt according to the latest announcement of the U. S. Treasury, was 2.55 per cent., a low record since the World War. The record high aver age rate was 4.339 per cent. on June 30, 1921, when the interest-bearing debt was $23,737,352,080, as compared with $29,- 449,803,670, on February 29, 1936. Un der the Roosevelt Administration the in terest rate has gradually declined. Tt stood at 2.715 per cent. on June 30, 1935, on a debt of $27,583,193,670. ELKS TO DANCE The annual Elks Easter Ball will be held in the Elks Club on Monday eve ning, April 13. A well known orches tra has been engaged for the ocecasion, and a record crowd is expected to at tend. The dance is being held for Elks exclusively. IMPROVEMENT OF THE AGE The greatest improvement of the age is the custom stenographers have orio inated of typing a man’s name under his signature. NO. 3