Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-03-04

The Citizens Reconstruction Com
mittee, organized by Frank Knox, Chi
cago newspaper publisher, at Mr..
Hoover's solicitation to combat hoard
ing of currency, will put on its biggest
effort next Sunday night, with a Ma
ton wide radio broadcast and an all
star cast, including the President, Gen
Dawes, Secretary Mills, Senator Rob
inSon of Arkansas and Mr.. Knox. A
statement from former President COOL
idge will be read. 1t will be patriotic
appeal to bring the dollars out of hid
ing and back into circulation, pitched
in the same key as the recent series OF
newspaper advertisements. But very
little is to be said about the Treasury
issue of $50 baby" bonds now being
issued as part Of the withdrawing cam
paign. When this bond issue, bearing
2 per cent interest to correspond with
interest paid on postal savings, was nrSt
projected, the President and his ad-
VisorS felt they had a sure-nre magnet
to draw vast sums Of money out OF
bureau drawers and the safety boxes.
But the banking fraternity has sug-
gested that a high-pressure selling
campaign for the baby bonds was quite
as apt to draw the money out OF the
banks for bond purchases, as out OF
from the banking standpoint, the cure
would be worse than the disease. so
there has been a complete change OF
front in the administration plans Tor
the bond selling. 1t has been agreed
that all special hurrahing for such safes
should be embargoed
x X
Senator Frederic C. Walcott OF Con-
70
mittee on Banking and Currency. who
has figured so largely in the framing
and adoption by Congress OF the
emergency financial measures of the
mast so DAYS, is ably qualified by train
ing and experience for the important
legislative role which he has been called
upon to fill. Though his Congressional
Directory biography makes no mention
of the fact, the Senator Is a former
Wall Street man himself, serving at one
time as vice president OF Bonbrlght Co.
one of the leading public utility invest
ment houses. The probe prompted by
Mr. Hoover of short selling for the pur-
nose of exposing bear raiders, whom the
President believes are thWartlng tne
efforts of the Government to MT
security prices, is Senator Walcotts
latest White House assignment ana one
of exceeding delicacy. nameleSs Sena-
torial wit has remarked anent the
prospective investigation that the
proponents of the probe have already
discovered they have the bear by the
tail and cannot let go.
According to DR.. James M. Doran the
medicinal whisky business has peen MT
by the depression along with every otner
line. The sales trend of legal whisky
has been continuously downward ever
since 1926 but in 1881 the decline was
more pronounced than ever. A WHISKY
prescription costs So and a pint at the
corner drug store SO more, total So
DR.. Doran believes this makes the
medicine" too high-priced IN these
days of depression. DR.. Doran says
bootleg liquor is procurable at mucn
lower price than medicinal spirits on
physicians prescription" In January
less than a million pints were dispensed
on physicians prescriptions, ACCORDING
to DR.. Doran's report, as compared WIN
more than a million and half pints In
the same month two years ago.
4 X
Perhaps the most famous portrait of
WASHINGTON in the collection assembled
in the Corcoran Gallery CT Art for eX-
hibition during the Blcentennlal ceie-
bration is the so-called LanSdoWne por-
trait, owned by the Earl of RoSebery OF
London. and specially loaned. The
Lansdowne portrait is one of three
painted from life by Gilbert Stuart. 1t
was ordered by william Bingham and
presented by his wife to the Marquis Of
Lansdowne. After the death Of the
Marquis his collection of pictures was
dispersed at public sale in 1906. This
canvas was purchased by Gen. Lyman,
then the American consul in London,
and was later acquired by Samuel Will
liams, a merchant. When he became
insolvent his creditors disposed of the
Washington picture by lottery and it
became the porperty CT John Delaware
Lewis, M. P. Subsequently the portrait
passed into the possession of the late
Earl of Rosebery and customarily hangs
in his London home in Berkeley Square
It was last previously exhibited in this