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The Hagerstown globe. (Hagerstown, Md.) 1936-1943, April 10, 1936, Image 1

Image and text provided by University of Maryland, College Park, MD

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn89060186/1936-04-10/ed-1/seq-1/

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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

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