davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
MIDWEST MAY HAVE
AIR PASSENGER LINES
Air Transport, Inc. and Ford Com
pany Reported Ambitious
to Start Service.
Rr he 4 ssnciated Press


CHICAGO, July 24.-Both the
National Air Transport, Inc, and the
Ford Motor Co. are ambitious to put
airplanes in passenger. mail and ex-
press service on number of routes
in the United States. said statement
from the former company today.
The eight passenger plane recently
ordered by the National Air Transport
from the Ford interests for expert
mental purposes has not yet been de-
livered.
This anplane. said the statement,
represents the latest development in
safe. fast air travel and soon will pass
over the air mail route operated by
the National Air Transport, Inc, in
"a series of experimental flights, start.
ing from Chicago to Dallas, with stops
at Davenport, Iowa, st. Joseph, Mo-;
Kansas City, Wichita, Kans.: Okla
homa City, and Fort Worth, Tex.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
SCORES PENNSY'S CHARGE
PLAN ON OIL SHIPMENTS
seaboard Midland Petroleum Co.
Alleges Dscrimina tion Against
It in Baltimore Section.
speciaI pispa.ch % The s.ar.

Special DspaJcn 70 the stAF.
BALTIMORE, July IA COM
plant against the freight charging
system employed by the Pennsyl-
vania Railroad on oil shipments about
Baltimore has been filed with the pub
lie service commission by the Sea
board Midland Petroleum Corporation.
The oil company alleged discrimina-
ton against 1t and requested the com.
mission to require the railroad to re-
duce rates and render barge service
for carload shipments.
Freight rate reductions of similar
nature We're asked last year by a
group of oil companies operating in
this vicinity. A decision in the case
still is pending. and representatives
of the commission say that additional
testimony probably win be taken be-
fore a decision can be reached.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
De ZEUW TRIAL ENDS.
Court Adjourns Case of Accused
Coast Guardsmen.

SAN PEDRO, Calf. July "a R).-
The general court-martial trying
Boatswain John de Zeuw and six
members of the Coast Guard patrol
GG.259 on charges Of conduct detri-
mental to the service. adjourned late
Yesterday without announcing YER
dict. Under naval procedure. an an
nouncement usually is made only
when the verdict is acquittal, 1t was
alleged that the coast guardsmen
falsified the log of their vessel and
failed to account for liquor conf1s.
Gated by them.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
Your Banker. Knows.

When in doubt about security
consul. your banker. 1t is equally as
much his interest as your to protect
your savings. You trust him with
your deposits--why not trust him
with voilr investment problems2
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
H. A. Moody, Financier, Dies.

NEW YORK, July "a tp.-Harry
Arson Moody, financier and former
vice president of the r. W. Wool.
worth Co., died in his suite at the
Hotel Biltmore yesterday of heart
failure superinduced by the heat. He
was SIS years old.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
Climbs 5000 Feet for Vote.

REDDING. Calf. July "a 6P).-As
candidate for district attorney A. +.
Ross at least is energetic. He climbed
a 9,000-foot mountain in the interest
of his candidacy. only TO learn that
the single resident there wouldn't
leave his post to vote.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
Money to Loan

Secured by first deed of trust on real estate.
Prevailing interest and commission.
Joseph |. Weller 40 40 WISH ssh T. I Hw
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24
Prompt Action
First Mortgage Loans

Lowest Rates of Interest and Commission
Thomas j. Fisher & Company, Inc.
138 18th Street
Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-24

One should never put ones worship
into words,
Evening star., 1926-04-10

city which have been through their
troubles, the stock OF which is now
a safe investment The stocks of the
local banks, especially the older banks;
are a very good illustration of such
investments. Certain local industries
are also Illustrations | hesitate, how
ever. to advise the average citizen to
invest in local industry unless he,
or some one of his friends, is working
for it and actually knows the inside
conditions.
The principal local companies which
are not subject to severe competition
and have permanence because they
are not directly dependent on the life
of some one individual are the public
utilities preferably the electric light
company, the gas company and the
water company. AS most water com
panies are now owned by the munich
palit.es, this leaves the choice to the
electric light and gas companies.
(Street railway company securities
may again be attract We after the bus
business becomes stabilized and street
railway officials cease being piC-headed
ia clinging to their tracks and trolley
wires. but only very few street rail
way compan eS are yet awake to the
new tonditions) The local light and
power companies. however. and the
gas companies are being operated in
telligently, in addition to being free
from competition. Furthermore, un-
Ike telephone companies which are
also public utility, the improvements
which are being installed continually
enable electric and gas companies to
reduce their rates, which telephone
companies cannot do. Hence tele-
phone companies WI probably have
Evening star., 1926-04-10
BY ROGER w. BABSON.

BABSON PARK. Fla, April O.
Last week | treated of first mortgages
on homes, advising that such mort
cages are probably the safest means
or getting a rate of from to s per
cent, according to the locality En-
phasis was laid on the point, however
that these mortgages are safe be-
cause they are local in ones own
home town. rather than because they
happen to be mortgages. It should,
however, be remembered that there
are ether good local Investments in
every community besides mortgages.
L believe in local investments, be-
cause the hill furthest away always
looks the greenest. Statistics show
that most losses on investments occur
at a distance when one buys stocks
or bonds from prospectus and IS
not actually acquainted with the com
pany or the men who are running 1t
Yet, II Is strange 10 say. ii is
eaSiG, to sell stocks in some company
in a Instant city than it would be to
sell Stock in the same Kind of com
pany in ones own city. People like
to buy from pros DectUSes. promises
and photographs rather than from
actual knowledge. This is probably
because the printed page tells only the
good points, while when buying SOME
thing in our own city or town we
know the bao points as We'll. EyorH
Evening star., 1926-04-10

ferred stocks and common stocks OF
the holding companies. These latter
are usually alright for business men,
but they are not what 1 am now ad-
vising. My recommendation, as q
local investment, is the preferred
stock of the company which has the
franchise and owns the electric COM
pany or gas company in your city.
Such preferred stock is preceded only
by the operating company's bonds,
while such preferred stock is always
followed by the common stock of the
operating company and usually by the
bonds, preferred and common stock OF
he holding company.
"The custom today among the best
managed public utilities is to leave
the common stock unchanged and to
finance their additions by selling bonds
and preferred stock in approximately
equal amounts. Usually the bonds are
sold to bankers in New York and the
preferred stock to the company's Gus
Continued on Page Twenty -seven)
Evening star., 1926-04-10

gage on the physical property and ap-
proved by the public service commits
sion should be all right. Most bond
issues of holding companies should
also be safe, but as such issues usually
| need not be approved by any State
| commission, there is a tendency to
make them large for conservative in.
vestors.
Next to the bonds of the operating
company comes the preferred stock
OF the operating company This is
not secured by mortgage and the in
Vestor can do nothing if dividends are
suspended. but these preferred stocks
are usually very good investments.
Next comes the common stock of the
operating company. These used to be
very attractive speculations, but now
most or these common stocks are in
the treasury of some holding com
/ pany. In many cases these common
stocks serve as security for the bonds
of the holding companies. Thus most
| OF the trading today is in the pre-
Evening star., 1926-04-10
LOCAL PURLTC UTILITY STOCKS
SAFE INV VESTMENT, SAYS BABSON
Bonds and Preferred Are Favored, Particularly in
Gas and Power Companies--Cive Good Return.
ON Money and Are Considered Sound.

proposition has some bad points, and
it never does us any harm to know
them Hence / like to advise people
to take local mortgages or otherwise
invest their money SO far as possible
in their own town, where they know
the conditions and know the people.
The only danger is that when buying
in ones own town one sometimes buys
for friendship or to help people out,
and such purposes are, OF course,
dangerous from an investment stand
point Investments in ones own
home town must be strictly on a Dusi-
ness basis, without regard to friend
ship. We would not let some young
doctor take out our appendix simply
because he is a friend of the family.
and neither should we let any one
invest our money or sell us stock in
some company simply because he is
a friend Of the family or because he
IS some one TO whom we hate to say
NO"
Bark Stocks Recommended.
cannot advise one to so into new
enterprises unless he can afford to
lose the money. because the majority
Of rrw enterprises have 10 be reoH
ganizd before the company gets on
having basis. hence the original stock
holders in most companies either lose
the + moneT OF are obliged TO put up
an assessment. There are, however,
many established industries in every
Evening star., 1926-04-10

much more political difficulties during
the next few years than will electric
light and gas companies.
Electric light and gas companies
have another advantage due to their
small labor cost and consequent free
dom from labor troubles. In the case
of steam railroad and street railway
companies, the greater part OF every
dollar received goes for labor Hence
any increase in wages of the employees
greatly curtails profits. This explains
+ why the railroad companies and street
railroad companies are forced to resist
wage increases, and hence are cont!n-
ually having labor difficulties. Elec-
trio power and gas companies, on the
other hand, spend such a small pro-
portion of their money for wages that
they can always pay the current wage
and give increases with other indus
tries without seriously affecting pock-
cts. For this reason, a man is much
better working for an electric power
and gas company than he is working
for street railway company. Fur
thermore, the employees of an electric
power or gas company do not need
labor unions TO insure themselves a
lair wage at all times.
Preferred Stocks Arc Safest.
Most public utilities have three
kinds of securities outstanding
namely. bonds, which yield from 5 to
per cent preferred stock. which yields
from to Z per cent, and common
stock. The bonds. of course. are the
safest, especially when such bonds are
of the operating company which owns
the physical property. First mort
gage bonds are the safest of all, but
anv such bond issue secured by mort
Evening star., 1926-05-31
ALFRED HOLMEAD
D|ESAT AGE OF g.
Was Member of One of Old
Families and Lifelong
Resident of City.

Following a short illness, Alfred
Holmead, of 1104 Maryland avenue
southwest, a member of one Of the old
and respected Washington families,
died early yesterday morning. AL
though he had been failing in health
during the past year, his illness did
not become serious until recently. The
cause of death was heart disease.
Mr.. Holmead was born in the Dis
trict Of Columbia 64 years ago and
spent his entire life in his native city.
He attended the old Thomson School.
Entering the Government service
more than 80 years ago, he spent the
greater part of his life in the Inter.
state Commerce Commission. For a
number Of years past he was as
eistant secretary Of the commission.
He was an active member of the
Association of Oldest Inha bitants of
the District of Columbia. and always
looked forward to the monthly meet.
ings for the discussion OF the early
history of Washington. He also was
a member of the Society of Natives
Of the District.
Mr.. Holmead attended the Episco.
pal Church of the Epiphany. G. street
between Thirteenth and Fourteenth,
In which he had been an active men,
Der for many years.
He leaves a wife, Mrs. Louise
Mitchell Holmead. The funeral will
be private from the Maryland avenue
residence tomorrow, and burial will
be in Congressional Cemetery.
Evening star., 1926-05-31
ERICSSON LEAGUE
. OF VOTERS FORMED
Republican Organization Es-
tabIished by Representa-
tives From IS States.

Organization of the John Ericsson
Republican League of America was
effected at meeting yesterday of
representatives of more than a hun
dred Swedish-American societies and
organizations at the Willard Hotel.
Formed for the announced purpose
of assisting the national Republican
committee. the new organization. with
a membership representing Is States,
is expected to become one Of the most
important organizations of its kind
in the Republican party.
1t is planned to extend the league
nationally and as far as possible to
enroll 2.0O0,000 persons of Swedish
descent in this country, political
element whose contribution to the
Nations progress was praised by
President Coolidge in his address at
the Ericsson Memorial exercises here
Saturday. The memorial to Ericsson.
in whose honor the league was named.
was cited as rallying point by speak
ers at the organization meeting yester-
day. :.
The league unanimously elected as
its president Col. Oscar n. Solbert.
former aid to President Coolidge and
NItU 10 tiOW IiiuDdSIHe <AttiCA tSdu
tour of the Crown Prince and Crown
Princess of Sweden. Leonard Erik
son of Chicago was elected secretary
and Nelson Thorson of Omaha. Nebr.,
treasurer.
Ten vice presidents. who; with the
other officers. will serve as the eXecu-
tive committee of the league. were
elected as follows: Lieut.. Axel Zit-
terman Of Massachusetts. S. c. Mel
son of Wooster. Mass: Axel H. He
lander of Providence. r. L.; Aaron
Danielson of New Britain. Conn: Axel
IT. Benson Of Concord. Conn: Henry
Johnson of New York City: Gustav
B. Erickson Of Joliet, ILL.,: Swan Lar
son Of Omaha. Nebr.; n. p. johnson
of Youngstown. Ohio, and Grant Hutt-
berg OF Philadelphia.
Representative Chindbloom of ill.,
nois, one of the speakers at the meet
ing, urged that the league endeavor
as one of its principal missions to
keep politics in America clean and
aboveboard. -
Evening star., 1926-05-31
MEXICAN TROOPERS.
FREE z AMERICANS.
Bandits Suffer Losses in Stiff
BattIe-One U. S. Citi-
zen Still Captive.
BY the Associated Press.

LAREDO. Texas. May 31.-Two OF
the three Americans captured May Is
by Mexican bandits at Braden's mine
near Discubridora, Durango, have
been liberated and returned unharmed
TO Mahimi by Mexican troops. This
word reached here in a telegram re-
ceived by American Consul Harry M.
Walsh at Nuevo Laredo. from Con-
sui Yost at Torreon, Mexico.
The liberated men are Conrad B.
Braden of Laredo and julie c. Gal
lagher Of San Antonio. mine operators.
The third American detained with
Braden and Gallagher for 5000 pesos
ransom. John W. Shanklin of Canyon,
Texas. is presumably still held by
members Of the bandit gang, two Of
whom were killd, one wounded and
others captured. Details Of the res
cue were not forthcoming in informa-
tion availa BILE today.
The bandits were surrounded Satur-
day by Mexican troops. dispatched to
rescue the Americans. and the out
laws put up stiff fight, the message
from Yost stated. The leader of the
gang, one Galindo, was reported
wounded and stolen horses were
recovered ,
The American embassy at Mexico
City received official confirmation of
the release of Braden and Gallagher,
but details also are lacking there.
Yost's message indicated that the
Mexican troops had given full coop
Grafton toward rescuing the Amer.
leans. The fact that Braden and Gal
lagher were released unharmed de-
spite rumors they had been tortured
led authorities here to discount the
report that Shanklin was in danger.
However, 1t was reported Saturday
the bandits had threatened to kill the
Canyon man If they did not receive a
$2G, 900 ransom.
Further indication that Shanklin
was safe was n'ained in a. message
received by Mrs. Shanklin at Canyon
Saturday from the superintendent of
Ell Portrero plantation, where Shank
lin was located, stating Shanklin was
unharmed.
Harold Shanklin. 19-year-old son of
the captive miner. left Saturday eve
ming for Vera Cruz, Mexico. to join
his father when the latter is released.
Evening star., 1926-05-31
FOUR FACE INDICTMENTS
IN KILLING BY BOYS GANG
One Of Arrested Youths Admits He
Struck High School Student
Who Later Died.

BY the Associated Press.
ST. PAUL, Mimi, May 3f.-Grand
jury indictments will be sought
against at least four high school
boys. one of whom has confessed that
he took part in a gang fight Friday
night which caused the death of Ash
ley Robinson, Is.
Four boys were arrested and con-
fessed to knowledge of the attack on
Robinson, but two of them were re-
leased. OF the other two, Steve
Hartigan, H.. has confessed that he
struck Robinson, police said.
Another pair are bing sought out
Of the 10 believed to have set upon
Robinson as he was on the way home
from a high school entertainment.
An inquest will he held this week.
Evening star., 1926-05-31
PLAN 20 NEW THEATERS.
Keith-Albee and Orpheum Interests
to Spend $40. .Ooo, 900.

NEW YORK. May 81 GP.-A $20,-
900 200 building program. for the erec.
ton of 20 additional playhouses, is
MANNED for the coming year by the
keith.Albee and the Orpheum circuits,
II is announced.
Beside the B. +. Keith Memorial
Theater in Boston, F.. F. Albee will
supervise this year the opening of new
houses in Detroit, Richmond, Cpium-
bus, Rochester, Schenectady and
Greater New York. Other houses will
he erected at unspecified localities in
Michigan, Ohio, New Jersey and Long
Island. @se+'' - es--'e
Evening star., 1926-05-31
MAUSOLEUM IS UNVEILED.
American Legion Tribute in Ha-

HAVANA. May 81 L4).-The Ameri-
can Legion mausoleum for all veterans
of the United States Army, was un-
veiled here yesterday by Amba ssador
z, II. Crowder of the United States
in the presence of President Machado.
the American colony and large dele.
CATION of Cuban army officers.
The mausoleum. in Colon Cemetery,
was built with money contributed by
American and Cuban residents of
Havana.
Evening star., 1926-05-31
TRAINING SCHOOL
APPEAL ENDORSED
Dr.. Carter G. Woodson Advo-
Gates 500, 900 for Re-
building Structure.

A letter strongly indorsing the
appeal for funds with which to re-
build the main building of the National
Training School for Women and Girls
which was virtually destroyed by fire
last Wednesday, has been received
from DIR. Carter G. Woodson. director
of the Association for the Study of
Negro Life and History. by Miss Nan.
ME H. Burroughs, president of the
school.
DR.. Carter expresses the opinion that
in view of the important work of the
school. as the only institution of the
kind for negro girls north of Rich
mond, the public should generously
support the movement to rebuild the
main building. He believes this should
be a brick structure to cost not less
than 100000. Contributions to the
fund may be sent to The Evening
Star. to be acknowledged in its
columns; to the Washington Loan
& Trust Co, or to the school itself.
Tribute to Founder.
The fire is viewed by DIR. Carter, in
his letter, as loss which increases
almost beyond the point of endurance
the burdens of it's founder and pro-
moter, Miss Burroughs"
oAC Ildu d. tECII1cHuOuS SCTuEKi6
in financing this institution" the let
ter continues. "She must now re-
double her effort to meet the exigencies
of fateful hour. All persons inter-
ested in the uplift of the negro should
come to her rescue. The school Is in
corporated and has a splendid board
Of trustees.
Il am of the opinion that this in
adequate central building should not
be rebuilt What she needs is a
larger building, brick structure to
cost not less than 100000, spacious
enough for administrative purposes
| and for housing laboratories and
equipment to teach sciences. house
hold economies, home nursing and the
like.
Her Work Valued Highly.
Few people realize the value of the
services of Miss Burroughs. She liz a
woman of vision, an indefatigable
worker, dynamic force In the life
of the Nation. She will go down In
history as one Of the greatest women
Of her time. =.
Her school has been often mis-
understood. Some have questioned
the need Of an Institution in Wash
ington. where we have an efficient
public school system, with Howard
University as a capstone Of education
teaching almost everything useful
Such an impression, however, results
from snap judgment or from the
failure to give her appeal careful con
sideration.
THE National Training School
meets need which neither the pub
lie schools nor a university can sup.
ply. In the first place, this institu,
tion makes no effort to compete with
local institutions. The school as its
name signifies 10 national institu-
tion. The girls attending this school
come from all parts OF the country.
Its students are drawn from families
preferring to educate their daughters
exerted in public schools or universi.
ties. Furthermore. being the onl,
Evening star., 1926-05-31
LEGION MARKS GRAVES.
Tombs Decorated by Members of
Posts on Pilgrimages.

Members of various American Legion
posts made pilgrimages yesterday to
cemeteries in the city and decorated
the graves Of the soldiers, sailors and
marines. The Tank Corps OF the
legion decorated the graves In Cedar
Hill Cemetery. the Edward Douglas
White Post those in Fort Lincoln, the
George Washington Post those in
Rock Greek, the James E. Walker
Post those in Woodlawn and Payne,
and the Vincent B. Costello Post those
In the five Hebrew cemeteries.
Evening star., 1926-05-31
HUGH ]. M'BIRNEY DIES.
oficial of Lead Company Headed
Oriental Expedition in 1917.

CHICAGO, May 81 R).--Hugh John
ston Mckinney. ..73 years old, an official
of the National Lead Co., died last
Saturday night. ,.4t. ,s
Mr. McBirney. native of Cincin-
natl, was graduated from Yale in 1875.
and in 1879, became president of the
McBirney & Johnston White Lead
Co., which later was made the Ma.
tionai Lead Co. In 1917 he led a
scientific expedition to the Far East
He is survived by his widow and two
daughters, Mrs. Joseph T. Ryerson of
Chicago and Mrs. Harry B. Stimson
of New York. Funeral services will
be tomorrow. S&s Il
Evening star., 1926-05-31
SNAKE VICTIM WILL LIVE.
Man Bitten in Zoo by Rattler
Given Serum Injections.

ITHACA, N. Y. May 81 @.-
Leonard NJ. Spear, who was bitten by
diamond-back rattlesnake Friday
afternoon while inspecting the zoo.
has passed the crisis and will live, 1t
was reported last. night by physicians
at the City Hospital. The patient was
given Two injections OF Brazilian
snake-bit serum Saturday.
The serum was rushed here Friday
night by DIR. Raymond L. Ditmars,
curator Of the Bronx Zoo, New York.
Evening star., 1926-05-31
Robbers Tunnel Half Block to Vault
Of Bank; Foiled by Leisurely Methods

pleted except the actual "blow-off, +"
the police said. y- a-.4
Safety deposit boxes had been piled
up and covered with wet blankets to
deaden the explosion when the safe
was blown.
Following the tunnel through a
stone wall in the, basement. of the
bank and under an alley to a small
garage, the police found $6.359.S6 in 80
small sacks which had been carried
from the vault. In addition the vault
contained $12 1000 in cash and $4,000
in checks besides bonds and securities.