davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
n { v INTEREST
RATES PUZZLE
RUKEYSER
BY MERRYLE 8. RUKEYsER
Copyright, 1899, By UniyeFsal Service.
Incl

ny NAAIAeAsAA@ ~ A~OGAASAAS@@AS
Copyright, 1899, By UniyeFSal Service.
Incl
NEW YORK, June 10.-United
States Treasury notes on 6h
per cent basis emphasizes the re.
versal which has taken place in
the capital market in the last
year.
The question arises Whistler the
year of falling bond prices has
been q temporary interruption OF
a trend or whether it constitutes
a major change in interest rates.
As recently as the early part OF
1928, certain competent economists
were forecasting a. continued
gradual long term decline in
capital rates.
The prognosticators were I'M
pressed with the enormous poten-
tial rate at which society was
able to generate new capital. as
a result Of the improved technology
Of wealth production.
David Friday, authority on IN.
terest rates, has recently altered
his views on the long term trend.
His present position is that bonds
are unduly depressed as result
OF short term credit and specula-
tive conditions, and are therefore
entitled to some substantial re-
covery. However, he doubts
whether the trend Of interest
rates downward. which was vist-
bic between 1922 and 1927, will be
resumed. DR.. Friday Is now I'M
pressed with the colossal prospec-
tive demand for capital, resulting
from the Naturalization Of the
world and from the desire Of the
public for better standards OF
living. The reparations agree
ment win tend to heighten the
demand for capital in European
countries. II eventually modern
economic civilization should be
intensively applied in Russia ana
China, the impetus to the de-
manG for capital would be enor-
mously stimulated.
The postwar period has made
the capitalist in overalls a reality.
"A manufacturer of paper novelties
reports that threatened strike In
his factory was recently averted be
cause the financial resources Of the
, workers had been weakened by the
downward trend Of stock prices.
Based on Income
The British think of individual
wealth in terms Of income,
whereas Americans measure wealth
in terms of principal. The dan
ger Of the American method IL
that they are inclined to confuse
capital appreciation with income.
During the period OF rising stock
prices, there was a disposition to
; convert some Of the profits into
purchasing power. The check
to the bun market flattened out
the demand for certain luxury
products according to trade re-
ports.
The speculative significance of
news depends Upon the setting in
which it is received. If the
technical position of the stock
market had been sounder. there
would have been wider public ap-
probation of enormously con-
structive character of the st.
Louis and O'Failon railroad de.
,cision of the Supreme Court and
of the new Preparations agreement
in Paris.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
u. S. Will Distribute
Model Farm Booklet

A pocket-size handbook, describ-
ing the location of different ex-
periments and projects, buildings,
fIocks and herds at the United
States Department of Agriculture's
animal-husbandry proving ground"
at BeltsvIlle. Md, has recently
been compiled by the department
and is now ready for distribution
to the public. the department an
nounced today.
The farm is IS miles from Wash
ington and yearly attracts thou
sands of visitors. The farm was
originally a part of Birmingham
Manor, the property of the Snowden
family. The present dwelling on
the property was built about l7S5
for John c. Herbert. of Revolu-
tionary War renown. The book
let describes the history of the
farm and its present activities.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Laundry Bundle Held
S1,5OO,OOO in Bonds

RICHMOND, Va, June 10.-A
$1,50O,O0O laundry package was de-
livered by automobile from Louis
vile to the State insurance depart
ment at Frankfort, KY. the other
day.
The bundle, loosely wrapped and
bearing a slip checking its con-
tents as being shirts, and other
apparel contained negotiable securi-
ties that were taken to Frankfort
by representatives of a Kentucky
insurance firm to deposit in ac-
cordance with the law requiring in
surance companies to keep a speci-
fled amount Of securities in the
State vaults.
The laundry bundle was used as
camouflage.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Childs Family Scores
In Restaurant Battle

NEW YORK, June 10.-In a re.
newal of the battle between the
members of the Childs family and
the new management of the Childs
Company over contrib of the $685.
100000 chain of restaurants, Ell
family when Supreme Court Justice
Lydon refused to enjoin Childs
from continuing his suit to collect
$1,000 for his April salary.
William A. Barber and his as
sociates ousted the Childs family
from the board of directors on
March Z but salary contracts con-
tinued and the company brought
suit to have them declared void.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Destroy Three Stills
In Norfolk County, Va.

RICHMOND, Va, June 1O.--state
Inspector C. H. Fentress raided and
destroyed three stills in Norfolk
county last week. He arrested John
L. Huse, 20, on the charge of pos
sessing liquor and attempting to
manufacture ardent spirits.
A horse and buggy were seized in
raids last month. The report for
May is summarized as follows:
Arrests $50; stills seized 154, liquor
confiscated 1851 gallons: mash
seized 1s4,sS5 gallons; automobiles
seized %; total value OF confiscated
property $64,720.25. The report
shows q decrease in the number of
motor vehicles seized as compared
with April.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
LIVERPOOL COTTON

LIVERPOOL, June 10 Q.N.SO.-A
good business was done in spots
with prices holding barely steady.
Sales totaled 1000 bales, receipts
none.
Mid fair was quoted at 11.53d,
strictly good mids 11.Osd, good mids
1O.ssd, strictly mids 10.4sd, mids
10.2sd, strictly low mids lO.OSd, low
mids s.7sd, strictly good ordinary
$3.50 and good ordinary $3.50
Futures opened quiet with July
al s.s7d, October s.sSd and January
Q.pSd,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Complete Plans

Entertainment features for the
coming eleventh annual convention
Of the District of Columbia Bankers
Association at Monthauk Beach
have been completed by the COM
mittee in charge and the program
arranged by Chairman Thomas w.
Brahany and his associates is said
to be one replete with surprises and
special features.
Chairman Brahany is being as
sisted in providing this program
by Vice Chairman Frank Stetson
and Francis G. Addison, jr., F.. w.
Mckenzie, A. McLachlen, e. j.
McQuade. and Luther e. Schreiner.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
BANK D { BIZ S
DISPL AY
DROP
BY HARRY GUSACK
Financial Editor

Debts to individual accounts, as
reported to the Federal Reserve
Board today by banks in leading
cities for the week ended June s,
aggregated S1s,449, 200, 900 or II per
cent below the total for the proceed
ing week and II per cent below the
total for the corresponding week
last year.
Aggregate debts for 141 centers
for which figures have been pub
Hshed weekly since January, 1919,
amounted to approximately $1S,600,-
100000. as compared with $11,676,-
100000 for the preceding week and
s$1B,133, 100000 for the week ended
June of last year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
RAPS NEW TARIFF

HAGERSToWN, Md, June 10.
The tariff will not help the farmer
in the oponion Of Gray Silver. of
Martinsburg, w. Va. vice president
of the Fruit and Vegetable Growers
Association, who addressed farmers
and grain dealers at meeting held
in Hagerstown recently. Mr.. Silver,
who formerly was in charge of the
Farm Bureau In washington and
the organizer Of the farm bloc. said
there IL little doubt that the bill
with the debenture export plan
eliminated, will pass the House.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Charter Real Estate
Firm in Clarendon, Va.

CLARENDON. Va. June 1O.-The
Columbia Service. Inc. Of Clarendon.
has Just chartered, with authorized
maximum capital of 10 shares com
mon without par value and $4,000
preferred stock to deal in real estate.
Warren Miller, of Washington
D. c., represented the corporation
in applying for the charter. William
stioutakos, of Washington, is presi-
dent of tn corporation.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
James III. Price Named
Head of Association

RICHMOND, Va, June 10
James H. Price, candidate for lieu
tenant governor of Virginia, was
elected vice president of the Vir-
ginia Association of Workers for
the Blind at a meeting in Chariot.
tesville, Va, and was reelected i'm.
perial recorder by the Imperial
Council of Shriners in Los Angeles,
Calf.
Price is without opposition to sue
coed Col. Junius e. West, of Suf-
folk. He has served several terms
as member of the house Of dele
gates.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Democrats Announce
Candidates for Nov. 5

STAUNTO1 Va, June 10.-The
list of Democratic nominees for city
offices here has been made public.
The general city election will be held
November 5.
F. M. Hoge was nominated for -
election as city treasurer. s. D. Hol-
singer, II cumbent, was named as the
party's choice for commissioner OF
revenue.
Jacob Hevener was named nomi-
nee for reelection as clerk Of the
corporation court.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Money Circulatiion Gain.

Money circulation increased S64,-
100000 in May to a total of $4,739..
$4,000 at the close of the month.
the Treasury Department announced
yesterday. There was decrease
of $4.000,000 from the total of May
81, 1928.
Per capita circulation was given
as 1891, compared to $39.11 on
April 80 and $40.12 at the end of
May last year. Per capita figures
were based on a population of 49,
1000, which was 1,423,000 greater
than year ago.
Total money stocks May 81, were
$S,S33,935 900, a gain of $57 ,00O, 900
in the month and 1851. 900, 900 in a
year, due principally to gold i'm
ports. The gold stocks were $4,000
$4,000 of which the Treasury held
$3.25s,s5s,000 and the Reserve banks
$671 ,746 900.
The Treasury had $3,766.216, 900 of
ali the money stock of the country,
leaving $500. 729, 900 outside the
Treasury, Of which S1,764, 9o7 900
was in the Reserve banks
OF the money in circulation ST.
eS4,794 900 was in Federal Reserve
notes; $944,05S,00 in gold certifi-
Gates, 1892, 40S. 600 in silver certifi-
Gates and $370,15s,000 in gold.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10

Today's Classified Ads viii tell VOC
Of many available home investments
tssat can be purchased economically.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10
Store Sales Increase !,

Total sales of department stores
in May were 2 per cent larger
than in the corresponding month a
year ago, according to preliminary
reports made to the Federal Re
serve System by 461 stores. In
crease in sales was reported by 216
stores and decrease by PAS stores.
The change in sales varied consid-
erably for different parts of the
country. ranging from an increase
If per cent in the Boston and
Kansas City Federal reserve dis
tricts to a decrease OF per cent in
the Atlanta district.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1929-06-10

Johns ManviIle 1859 1863 1869 1863
Johns Man pfd 1921 1874 1874 1874
Evening star., 1929-12-18
Accident Victim Identified.
,atch to The Star.

Special Dispatch to The Star.
The Navy identification bureau has
identified the white man killed in an
automobile accident near Accotink,
Fairfax County, December IL, as
Charles Zuckschwert of 446 Maple
street, Elizabeth, N. J. Records dis
closed that the man was born Sep
tember 1s, 1901. and enlisted In the
Navy at Newark, N. j., July 20. 1919.
serving about one year. zuckschwert
met his death while driving an auto
mobile.
Evening star., 1929-12-18
POTOMAC PUMPER
GIVEN NEW LOCATION
Apparatus Will Be Sent to Vir.
ginia Highlands From Alexan.
dria; Other to East Arlington.

ALEXANDRIA, Va, December ia
The 600-gallon triple combination
purnper now part of the fire-fighting
equipment at Potomac will be assigned
to the Jefferson District Fire Depart.
ment at Virginia Highlands after jan
uary /. This will give the Jefferson
district company two 600-gallon pumP-
ers and one pumper of smaller capacity.
The latter will probably be sold.
The S00-gallon triple combination
pumper at Potomac will be assigned to
the colore6 volunteer fire company at
East Arlington, Va. It is understood
that while these assignments of ap-
paratus have been made, they may be
retained at Potomac until Alexandria
purchases additional equipment. The
hook -ano ladder truck now stationed
at Relief Truck and Engine Co. No. /,
this city, Is scheduled to go to Potomac.
This piece of apparatus has been re-
placed in the city by the 75-foot aerial
truck recently purchased by the city at
cost Of $4,000.
Evening star., 1929-12-18
HEALTH IN MARYLAND
PENITENTIARY ExCELS
Death Rate Lowsr Inside Than
Outside, According to State
Board of Welfare.
special pispstch to The Star.

Special Dispatch to The Star.
BALTIMORE, December ls.--Life in
side the Maryland penitentiary is
healthier than life outside, it is indi-
Gated in the report of the State board
Of welfare for 1929, made public yes
terday.
With an average prison population of
/ 200 during the year, there were only
eight deaths, according to the report.
This is q death rate of sc per
thousand, which is considerably lower
than the rate for the city at large.
or the eight deaths, two were due to
executions and one was a suicide. 90
only fve inmates of the penitentiary
died from natural causes during the
year.
At the close of the States fiscal
year, September 80, the penitentiary
population numbered 1,139. all male
with the exception of one woman, who
Is the warden's cook. Other female
prisoners are incarcerated at the house
of correction.
There are 125 of the penitentiary in
mates who are listed as total abstainerS
while 1905 are classified as moderate
drinkers and as excessive drinkers.
Evening star., 1929-12-18
JORDAN SUICIDE p.
ISLA|D TO WORRY
Prominent ReaItor and FL
nancier Ended Life in
Garage With Pistol.

Dependency over financial reverseS
Is blamed for the suicide Of Eldridse
z. Jordan, prominent real estate opera
tor and financier, who shot himself yes
terdAy afternoon in the garage at his
home at Silver Spring.
Funeral services will be held at Fort
Myer Chapel tomorrow at 1880 O'Clock,
with only intimate friends in attend
ance, and burial will be In Arlington
National Cemetery.
Jordan was found stretched on the
concrete floor, q long-barreled revolver
at his side and q single bullet wound
near the heart. He apparently had
just alighted from his automobile after
parking 1t.
After conferring with Mr.. Jordan's
physician, DR.. j. Lawn Thompson,
states Attorney Robert Peter said he
was convinced the case was suicide and
no coroner's inquest would be necessary.
Despondent for Tive Months.
The physician. Mr.. Peter said, indi-
Gated to him that Jordan had been
despondent because of financial worry
for two months past. Mr.. Peter was
assisted In his investigation by Sergt.
Guy Jones, in charge of the northern
district Sub-Station Of the Montgomery
County police, and Patrolnan Charles
Barnes, who was called in after the
body was found, by Askel Nelson, en-
ployed at the Jordan home. Nelson
summoned A. j. Battles, manager of the
Montgomery County Club, which adj
Joints the Jordan property.
Jordan, who was IS years old, was
head of the real estate firm at 1912
Seventeenth street which bears his
name.
A native Of Texas, Mr.. Jordan was
the son of Maj. Tyler C. Jordan, for
merly of Virginia. He served as private
secretary to two Governors Of the Terri
tory of Arizona and when the Spanish
American War broke out joined the
Rough Riders and served in Cuba.
On leaving the Army, in 1898. Mr..
Jordan came to Washington and entered
the real estate business. In 1907 he
became a stockholder in the Merchants
& Mechanics Savings Bank and in
September of that year was elected
president of the bank.
Headed u. 8. Trust Co.
In 1911 Mr.. Jordan was elected preSi-
dent of the United States Trust Co. and.
under his direction, the operations OF
the institution were extended widely.
The Washington branch, International
Banking Corporation, and its various
we're taken over, and
later the Merchants & Mechanics Saw
lngs Bank. The concern was dissolved
several years ago.
Mr.. Jordan was o member OF the
Metropolitan, Chevy Chase and Mont
gonneFy Country Clubs.
His widow survives.
Evening star., 1929-12-18
BACK-TO-D|STR|CT
MOVE ADVANCED
RetroCession of Arlington Put
on Aggressive Basis With
Opening of Headquarters.
,,v,ec,.l r,,spateb TO The star.

Special Dispatch to The Star.
CLARENDON, Va, December Ia
The movement for retrocession of Ar
lington County TO the District of Co
lumbla was put on an aggressive basis
trict Association" leading promoter Of
the drive, formally opened its headquar-
ters in the Rucker Building and adopted
the slogan In the District by 1892"
Speakers favorable to the project in
cluded j. Cloyd ByarS, who is in charge
of the new headquarters; Richard l..
Eacho, chairman of the association s
membership committee; Col. Joseph
Ford. retired Army ofacer; Charles r..
Taylor, president of the Clarendon Citi-
zens' Association. and p. p. Woodbridge,
secretary of the Arlington County Cham
Der of Commerce. DR.. Frank T. Stone,
president, presided.
Authorized TO Act.
A resolution offered by Mr.. Byars and
adopted provides that "the president
and vice president of the association as
a part of a committee of five proceed
with such action as they deem neces-
sary, looking to the re-establiShment OF
the original District lines, or the return
by judicial construction or legislative
action of Arlington County and such
adjacent territory as may wish to be In
cllded, to the District of Columbia"
The plans of the Federal Government
for the Identification of Washington's
area, the resolution cites,
as well as other important considera-
tons, present and prospective, empha-
size the necessity for determination
of this question by the proper tribunal
for all time to come
Mr.. ByarS, in offering his resolution,
expressed q doubt as to the conStitu-
tionaljty of the act of 1846 which re-
tI- ned that part of the original To-
mile square south of the Potomac to
Virginia, declaring that it had never
been passed on by the Supreme Court
Of the United States. He asserted that
his support of the movement had not
been given alone because Of the reduc-
ton in taxes that would result, but
more because he felt that return TO
the District of Columbia was necessary
10 insure uniform plan Of develop
ment for the county.
BOuIevards and Parks.
The construction of boulevards and
the establishment of parks, rs proposed
by the Federal Government, Col. Ford
declared. would put Arlington County
on q high plane as a residential Sec
ton and more will be gained by this
from standpoint of revenue produc-
tion than by industrial development.
He pointed out that the county officials
are determined to industrialiZe the
county. This, he said, is indicated by
their action in granting a permit to the
Sun Oil Co. to locate a plant on the
Virginia shore just above the Key
Bridge. Such o project, he said, was
repulsive to all citizens having the best
of the county at heart.
Evening star., 1929-12-18
Licensed to Wed at Fairfax.

FAIRFAX, Va, December 1S (Spe-
ciaD Six wedding licenses have been
this past week. They have been secured
by Kermit Lee MsrSon, 81, Washington,
D. c., and Lois Virginia Goodwin, 81,
Washington, d. c.; H. Elmer Blackwell.
20, Warrington. and Helen d. Thomp"
son, as, Washington, D. c.; Emory L.
Summers, %, Frederick, Md, and Eliza
beth v. Hoke, 81, Emmitsburg Va;
waldo H. Jones. 80, Washington. d. c.,
and Edna @. Merrill. rs, Washington,
d. c.: Winnie Astor Stokes, rs, wash
ington. d. c.. and Thomas Everett Bat
son, a., washington. d. c.: Eugene r.
weadon, "a, and Mary. Elizabeth Denty,
IS, both of Accotink. q
Evening star., 1929-12-18
STOCKHOLDERS APPROVE
SALE OF BANK SITE
Rockville Institution Also Author.
lied to Proceed With Erection
of New Building.
Special Dispatch to The Star.

Special Dispatch to The Star.
ROCKVILLE, Md, December 1S-
Stockholders of the Farmers Bank
ing & Trust Co met here yesterday
afternoon and ratified the action of
the board of directors in agreeing
to sell to the county commissioners
for S45. 900 the present bank property
as part of the site for the proposed
new court house.
The stockholders also authorized the
directors to purchase a site and pro-
coed with the erection of the proposed
new 100000 banking house, the loca-
ton of which is expected to be an
nounced within a few days
The county commissioners approved
the action of the court house building
committee in agreeing to pay the price
indicated for the bank property and
sgTeed to permit the bank to use the
building until December 81, 1880, II it
is so desired.
Evening star., 1929-12-18
BouIevards and Parks.
Club to Give Santa Claus Party.

Special Dispatch to The Star.
LYON VILLAGE, December 1S.-The
Woman's Club of Lyon Village will have
a Santa Claus party at the home Of
Mrs. John M. Stewart, 149 N. Oak
street, this evening at 8 O'Clock. She
will be assisted by Mrs. William Brox-
ton. Mrs. Joseph Haley will have
charge of the entertainment.
Evening star., 1929-12-18
GOODMAN AWARDED
ELECTION CERTIFICATE
Commonwealth Attorney Contest
at Hopewell, Va. Against Jones,
Charging Irregularities.
az the Associated Press.

By the Associated Press.
HOPEWELL, Va, December Ia
Winning the third and final fight for
the once of commemorative attorney
of Hopewell, John r. Goodman yester-
day was awarded the contested cer-
tificate Of election over Archer l.. Jones,
incumbent, who defeated Goodman IN
the primary and was in turn van
quisked by Goodman in the November
election.
Goodman immediately qualified be-
fore the city clerk of courts and will
start q four-year term in January.
Jones and others brought charges
that Irregularities had occurred In the
November race when Goodman, run
ming as an independent, turned the
tables on his opponent.
Evening star., 1929-12-18
ACQUITTED IN DEATH.

Special Dispatch to The Star.
DANVILLE. Va. December Ia
James M. Seegar, jr., was acquitted OF
technical charge of manslaughteT
preferred against him as result Of the
death Of Carol Fox. Seegar, in a
playful mood. struck Fox in the back
while in q restaurant, but the blow
did not appear to trouble Fox. Several
hours later he was taken seriously ILL.,
Doctors, who were not told of the blow
diagnosed the case as one of appended
tbs and operated, only to find the spleen
was ruptured. Fox died in short
time
New Britain herald., 1929-12-14
Herald's Daily Pattern Service
ATTRACTIVE HOUSE DRESS
 Pattern 1902
New Britain Herald 15c Practical
 Pattern

Surely zcst is added 10 morning house work if ones dress is becoming and has style as well. Today's model has the much beloved Surplicc lines which are so attractive to large and small figures, alike. The entire frock is bound in braid which effects & delightful finish.
 Design 1S02 may be made of flow cred cretonne. gingham, perCale or rayon. Colorful patterns on light grounds are cheerful and fresh in appearance. This model opens out flat in order to make laundering easy
 May be obtained only in sizes 6: IS. 20. 34, 3G. 3S, 40, 42 and A. Size It requires ? 3-4 yards of 3G inch material.
 No dressmaking experience is nec- cssary to make this model, The pattern has ample and exact instruC- tions Yardage is given for every size. A perfect fit is guaranteed.
 Patterns will be delivered upon re- ceipt of FIFTEEN CENTS Q5c) in coins carefully wrapped or stamps Be sure to write plainly your NAME ADDRESS. STYLE NUMBER and SIZE wanted.
 The NEW WINTER FASHION | BOOK is FIFTEEN CENTS, but only TEN CENTS when ordered with a pattern. Address all mail and orders 10 New Britain Herald Pattern De 1 n1rtnnCnt o4H West 11tl St, New l York City.