davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-10-21
BROKERS ACCUSED
OF EMBEZZLEMENT
Indictments Reported on Charges
of Failure to Deliver Stocks
to Customers.

BY the Associated Press.
CHICAGO, october 21.-The Cook
County grand jury yesterday was re-
ported to have indicted three officials
and two employees of the Nelson
Brothers Co.. brokerage house, as a re-
suit of alleged losses to investors.
Indictments against two officials were
reported on charges of conspiracy and
embezzlement and indictments against
the others were said to allege con-
spiracy.
Those reported named were:
Earl s. Nelson. president of the COM
pany; Joseph Krol, office manager;
Max Meyers, manager of the security
DIVISION Philip Simon, a securities
salesman, and E. r. Hart, correspond
ent for the firm.
James j. Cherry. assistant States at
torney in charge of the investigation,
said the shortage would amount to
nearly 100000.
Investigators charged the dealers ac-
cepted customers money but failed to
deliver stocks ordered.
Evening star., 1933-10-21
What's What
Behind News
inCapital.
Wall Street Takes Sen.
sation Out of Stock
Probe.
BY PAUL MALLON.

THESE current stock market hear
ings have not been very sensa-
tional because the Wall Street.
i ers have found out the secret OF
how to act before Senate COM
mittees.
The Mitchells and the Morgans came
down here last Spring and tried to talk
their way through alone. 1t did not
work very we'll.
The new troop of witnesses is
porking an inside system which uery
Effectively eases the spanking they
are getting.
The private banker, Clarence Dillon.
worked it so we'll the committee patted
him on the back when he left and told
him what a good fellow he was.
Disarmed by Answers.
The secret of Dillon's success was
his disarming approval of what the
committee was doing. Prosecutor Pc
cora could pick no fights with him.
Mr.. Dillon believed all corporations
should be made to publish truthful
statistics concerning their financial con-
dition instead of the crudely evaSive
statements they publish now. That
happens to be one of the outstanding
things the committee is working for.
Other things found him similarly SYM
pathetic.
Evening star., 1933-10-21
EASTMAN PREDICTS.
|. FEDERAL CONTROL.
Co-ordinator Moves to Put
Transportation in Hands
of Government.

BY the Associated Press.
HARRISBURG, Pa, october 2l.-
Ultimate Federal control of all trans
portation is predicted by Joseph B.
Eastman, national railroad co-ordinator
and self-styled doctor of transporta-
ton"
Many of his conclusions looking to-
ward this end may be ready for presen-
tation by the time Congress convenes,
Eastman told officials of II States last
night at conference on truck and bus
regulations.
THE ideal to be achieved is, OF
course, transportation system which
will utilize each agency in the field for
which it is best fitted and discourages
use where it is uneconomical or in
efficient" he said The duty Of CO.
ordinator is to plan, If he can, trans
portation system which will give the
railway, the highway, the waterway and
the airway the place in the sun Whlch
economically belongs to it.
He predicted also considerable re-
construction of the present railroad rate
structure"
Asserting he saw large possibilities"
in the use of motor vehicles as auxll-
iary to rail service, Eastman expressed
doubt that the various States would be
able to enact uniform transportation
laws.
Theoretically the need for Federal
intervention can be avoided in many
such situations by a reasonable degree
of uniformity in State legislation" he
said But such uniformity is normally
very difficult to attain, because the ball
ance of self-interest may be quite diff
ferent in one State from what it is in
another
Citing State corporation laws as 'the
supreme illustration" he added:
1T is matter of amazement to me
that the Federal Government should
permit little Delaware, for example, at
a great profit to itself and for the sake
of that profit, to pollute the conduct of
interstate business by operating char
ter factory which will turn out prac-
tically any sort of corporate charter
that may be wanted for use anywhere
In the country"
Evening star., 1933-10-21
BANKER URGES HUGE
U. S. CREDIT PROGRAM
Charles Hayden Says Country Can
Risk rs Billions to Com.
bat Depression.
Ry the Associated Press

BY the Associated Press.
MILWAUKEE,, Wis, October al
Charles Hayden, New York banker, said
yesterday that the United States could
risk s25 900 100000 to help itself out
of the depression if it could risk that
much "to help France lick Germany"
Here to attend directors meeting
of the Allis Chalmers Co., Hayden urged
a tremendous federally directed credit
expansion program.
Bonds similar to those of the Liberty
issues can be issued in vast amounts
without injuring the Nations credit, he
said
81 am not in favor of the Govern
ment going any farther into business
than it has to, but the situation is such
that only the Government can make the
long-term loans needed to thaw frozen
farm and home mortgages and even
finance new construction ventures.
"The banks are looking for big short
term loans-90-day paper-and are
afraid of slow assets such as a per
cent mortgage on a home. They can't
load up to any extent with long-term
loans, for any little furry of pessimism
that started the depositors in run on
them would find them unable to meet
any extensive Withdrawals
with the Government it is different.
There is no chance for run on the
Government"
Evening star., 1933-10-21
WOMEN RESISTING
RETURN OF SALOON
Maryland Voters League
Calls for FuIfiIIment of
Party Platforms.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, October 21.-A resolu-
ton approving the planks of the two
major parties and calling upon men,
bers of the General Assembly of Mary
land to carry out these platform pledges
and enact legislation to effectively
prevent the return of the saloon" was
adopted by the Maryland League Of
Women Voters at the close of its an
nual convention here yesterday.
The passage of the resolution followed
an address on liquor control. after re-
peal by Gov. Albert c. Ritchie.
No Magic Solution.
Gov. Ritchie said there was no magic
solution to the problem of liquor con-
troll, that it has been one of the great
problems of the world since it began,
and that in the times of George Wash
irgton and Thomas Jefferson the peo-
pie were worried and concerned about
the control of liquor.
The Governor referred to the various
plans that have been advanced, and
declared that in settling the question
time would be required for the opinion
OF the various groups to crystalline.
Many questions, which he described as
hard nuts to crack" will have to be
decided, and for this purpose, he said,
he would call special session of the
Maryland Legislature early in Novem-
Der.
Urges Adequate Staff.
Regarding the NJ r. A., the league
passed a resolution recommending that
the State Department of Labor be ade-
Quately stated to carry the additional
burden of examination and supervision
made upon it, and that the Maryland
State laws and regulations be brought
into conformity with the new stand
ards for labor
Mrs. Charles E. Ellicott, who has
headed the Maryland League of Wom-
en- Voters since its organization. more
than decade ago, was reelected pres
ident of the Statewide body.
Evening star., 1933-10-21

tCOIltLlueQ from t1rSt Pdge.)
Society, Travellers Aid Society and
Washington Cooperative Society.
Institutional care of dependent chill
dren and adults Episcopal Home for
Children, Florence Crittenton Home,
Hebrew Home for the Aged, Jewish
Foster Home, Juvenile Protective Asso-
ciation st. AIMS Infant Asylum, St
Anna's Home, st. Joseph's Home and
School, ST. Roses Technical School, ST.
Vincent's Home and School, Southern
Relief Society, Stoddard Baptist Home
and Washington Home for Foundlings.
For character building and citizen
ship-Boy Scouts, Boys Club, Christ
Child Society Settlement, Friendship
House Association, Georgetown Boys
Club (branch of Boys Club of Wash
ington), Girl Scouts, Holiday House,
Jewish Community Center, Juanita K.
Nye Council House. Neighborhood
House, Northeast Boys Club, Phyllis
Wheatley Y. w. c. A., Southwest Com
munity House, Summer Outings Com
mittee, Twelfth Street Branch Y. M. G.
A., Washington Animal Rescue League,
Washington Welfare Association, Y. M.
C. A., Y. w. c. A.
Nursing and health-Child Welfare
Society, Children's Country Home,
Christ Child Society Convalescent Farm,
Instructive Visiting Nurse Society, So
cial Hygiene Society, Washington Heart
Association and Washington Institute
for Mental Hygiene.
Various Hospitals.
Hospitals Children's Hospital, Co.
lumbia Hospital for Women, Emergency
Hospital, Episcopal Eye, Ear and Throat
Hospital, Garfield Memorial Hospital,
George Washington University Hospital,
Georgetown University Hospital, Ma
tional Homeopathic Hospital and Provi-
dence Hospital.
For community co-operation-Coun-
Gil of Social Agencies, Jewish Welfare
Federation, Social Service Exchange,
Community Chest, Campaign and Ad-
ministration.
At another meeting Walter P. Clark
son, chairman of the Group Solicita-
ton Unit of the Chest, urged members
amount of money they raised last year.
He stressed that a recent survey shows
more firms employing 20 or more per-
sons in operation this year than last.
Washington Is one of the few cities
in which tie number Of persons seek
ing relief is still increasing. MIR. Street
told the Group Solicitation Unit. He
attributed this to the Government pay
cut and to the fact that 80 per cent
of those seeking emergency relief are
colored people, who were either do
mestic servants or unskilled laborers
and whose jobs were directly affected
by the inability Of Government work.
ers to continue employing them.
Laborers From Elsewhere.
Mr.. Street said another factor which
adds to Washington's relief burden is
the large number of laborers who have
been brought here from other cities by
contractors to work at lower wages,
and who have elected to stay here when
their jobs failed.
Rev. DR.. Fulton j. Sheen said that
with every person it serves through one
of its agencies, the Community Chest
is crushing one more potential Com
munist or other malcontent.
Evening star., 1933-10-21
COUCH MUST FACE
MARKET PROBERS
R. F. c. Director Will Be
Asked to Explain Letter on
Stock Transaction.
BY the Associated Press.

By the Associated Press.
Harvey Couch, director of the Re-
construction Finance Corporation, prob
ably will be called before the Senate
Stock Market Investigating Committee
next week for inquiry into personal
letter written by him about stock trans
actions in 1892 to Charles Mccain,
chairman of the governing board Of
the Chase National Bank, found by
committee agents in the banks files.
The letter, written in August, 1882,
on Reconstruction Corporation paper,
referred to stock transactions in Sea-
board Air Line Railroad.
Investigators said the letter was not
self-explanatory and would need ampli-
fication to be understood.
Refers to Telephone Talk.
It referred to a previous telephone
conversation between Couch and NC
Cain without giving the subject OF that
conversation.
The committee probably will call
Couch about the middle of next week.
He probably will be asked, in particu-
lar, about the telephone conversation
referred to in the letter as well as the
stock transaction mentioned
The r. F. c. director figured In the
committees investigation only last week
when evidence was introduced showing
he had paid 100000 loan to Dlllon,
Read & Co. in 1928, OF which $l5U;-
900 was still owing at the END OF isoi.
That transaction, however, TOOK place
haforo Couch hacane connected with
the Reconstruction Corporation.
The letter now held by the 1nVesu-
gators was written several months after
the Arkansas f1nancier took his Gov
ernment post.
Additional Pools Revealed.
Three more huge pools In Chase
National Bank stock to swell the rec
ords already built up Of six operations
involving more than s20o, 900 900 worth
of the securities. were revealed by in
vestigators today.
Before completing their picture OF the
pool operations in the bank stock by
its affiliate, the Chase Securities Cor
poration, the Investigators planned,
however, to look into the company's
Cuban loans.
The inquiry will resume Monday, with
questioning of Albert H. Wiggin, the
sl00 ,0o0-a-year retired chairman OF the
bank, about the Cuban loans, but Will
quickly turn back to the pool opera
tions.
The investigating committee was
making headway in its effort to obtain
evidence on stock market operations,
particularly pools and margin accounts:
An agreement was reached to SEND
uuestionnaires to the 1,375 exchange
members directly instead Of through
the exchange.
Most of yesterday was spent straight
| ening out this controversy with the ex-
change, but it turned back to the Chase
inquiry late IN the day to disclose
| SlOO, ,OOO, 900 pool operation IN the bank
stock managed by the securities cor
| poration.
It was the biggest pool operation OF
| the kind SO far discovered by the IN
veStigating committee.
The pool, which was opened in April,
! 1929, bought 1850 Of the old Chase
,, shares and 442934 of the new, at q
total cost Of s103,216,184. A profit OF
1921, 900 was recorded. but participating
members absorbed balance OF 3S,440
shares at loss.
Evening star., 1933-10-21
PRESIDENT GETS
HONORARY Il. D.
Old Washington College at
ChestertoWn Pays Tribute
to Executive.
BY the Associated Press.

BY the Associated Press.
CHESTERTOWN, Md, October 21.-
President Roosevelt came to Chester
town this morning to the campus of old
washington College to receive the hon.
orary degree of doctor of laws from this
institution.
The President and Mrs Roosevelt
reached this town aboard the yacht Sc
quota, docking at 10:30 am, at the
estate of Hiram Brown.
Richie Meets Yacht.
Gov. Albert C. Ritchie of Maryland
met the yacht at the pier and drove
with the President and Mrs. Roosevelt
through the crowded lane in the town
to the campus.
A crowd assembled on the lawn in
front of the flag -bedecked brick Ad-
ministration Building gave Mr.. Roose-
welt a rousing reception as he donned
the collegiate cap and gown and took
his place on the platform.
The ceremony opened with the in
stallation of Gilbert Wilcox Mead as
Zesident of the Isl year -old college,
which George Washington helped to
found.
The 2l-gun presidential salute
boomed as Mr.. Roosevelt motored
through the campus gate.
Gun Has War Record.
Battery c, 9Th Field Artillery, which
fired the Presidents salute, is the bat
terry which fired the first shot from an
American manned gun in the World
War. This first round was fired at
Sos am, October %, 1917 in the Som
merville sector on the Lorraine front.
Mr.. Roosevelt motored directly to the
college after leaving the Sequoia, which
brought him across the Chesapeake
Bay last night and up the winding
Chester River this morning.
The college ceremony began immedi-
ately upon his arrival President Meade
delivered an address upon his introduce
ton.
Evening star., 1933-10-21
POSTMASTER AT ST.L0UlS
PLANS MANY CHANGES
Newspaper Says Requirements Are
Indicated by Solicitation for
Reductions in Rank.

BY the Associated Press.
ST. LOUIS, October 2l.-The Post
Dispatch said yesterday extensive re-
placements among post ONCE employees
here has been Indicated by depart
mental solicitation Of A branch su-
perintendents for their written requests
for reduction in rank.
The newspaper said the newly ap-
pointed Democratic postmaster, Rufus
w. jackson, said changes would be
made, but could not be made public
until confirmed by the Post Of1ce De-
partment.
Superintendents of branch post Of
fees, the newspaper reported, said they
had been asked by De Lancy La Berge.
assistant postmaster, to send letters to
Jackson asking for a reduction IN
rank.
La Berge denied asking for the let
ters.
Jackson took office October /. He
received the appointment at the re-
quest of United States Senator Ben
nett c. Clark, for whom he was CAM
paign manager.
Evening star., 1933-10-21
ACCUSES
PUBLIC SERVICE HEADS

BY the Associated Press.
CROWN POINT, Ind, october al
Howard w. Duncan, former assistant
treasurer of the Northern Indiana
Public Service Co. yesterday concluded
recital of his charges against OH
cials of the firm before special Lake
County grand jury and then was put
to work compiling data for presenta-
ton to the jury.
Duncan confessed Tuesday in court
where he was being tried for embezzle-
ment Of $500 that he actually took
$132, 900 from the concerns funds, and
his attorney charged that other ondcers
knew of it.
John M. Shannahan, president Of the
Midland United, a parent firm, and
chairman of the Northern Indiana Pub
lie Service Co., issued q statement in
which he said officers Of the Utility
and the Midland Co. are willing to go
before the grand jury at any time their
presence Is desired"
Evening star., 1933-10-21
Opinions Vary
MOVE SEEN AS END TO SOVIET
POLITICAL OUTLAWRY."
Continued From First Page.)

results in the recognition of Russia. I
don't see any reason why we Shouldn t
recognize Russia
Geneva-Internation circles saw
United States move as step toward
bringing Russia out of isolation.
League members thought if Russia
should join the loss of Japan and Ger
many would be powerfully offset.
L0nd0n-Political quarters felt Amer
lean view finally ends Russia's poll
tical outlawry" British business fore
saw the rise OF new and potent COM
petitor for Soviet trade. Government
officials said they weren't surprised.
Paris-Government circles regarded
the exchange of messages as solidifying
international relations and opening
broader trade possibilities for the
United States.
Tokio-Newspapers pointed out that
President Roosevelt's note was dated
October 10-when Russo-Jap tension
was high-but officials professed doubt
there was any connection. A spokes-
man decried reports that Japan dis
liked the prospect Of American recog-
milton of Russia.
Oficial quarters withheld
comment, but newspapers asserted
policy to accord Russia realistic dues
as a great European nation.
Shanghai-Literate public hailed
prospect of recognition as promising
to result in tempering Of Japan's
strong policy toward China.
Berlin-The Wilhelmstrasse viewed
the possible recognition as making q
patching-up of the strained Russo
German differences more dtficult. One
spokesman commented that "if Amer
lea were as near, it would perhaps be
less inclined to recognize the Soviet
Union"
Nanking-National government lead
ers viewed the negotiations as setting
up q common front against Japan IN
the Near East, many Of them protesting
to believe either Russo-Japanese or
Japanese American war inevitable.
Peiping-Chinese quarters did not be-
heye the Sino-Japanese situation u
North China would be affected, believ-
ing recognition would be based on eco
nolnic reasons rather than political.
Evening star., 1933-10-21
Drama Manufactured.

Some people have doubted the au-
thenticity Of q recent yarn about Mr..
Roosevelt's publicity advisers manu-
featuring the drama in his American
Legion convention appearance at Chi
cago.
Mr.. Roosevelt's decision to go to Chi
cago was made fully q month before
the convention opened. He made a
promise to National Comdr. johnson at
that early date, and did not make up
his mind to 60 on the spur OF the
moment, as advertised.
What happened on the inside was
this:
johnson was taking q little vacation
in the Canadian wilds fully five weeks
before the convention. He heard that
Mr.. Roosevelt might not 60 and there
upon hit the trail for Washington.
He found the President III in bed. but
managed to get an audience in the
sick room.
The President told him fatty he
Uould 90, no matter tD]lat happened.
1t was agreed the decision should
not be announced.
From that time until the day the
President left Hyde Park for Chicago,
the White House continuously denied
the President would make the trip.
Some of his associates were afraid
he might encounter difficulties because
Of his economy stand, but their advice
never was considered seriously.
(Copyright, 1889
Evening star., 1933-10-21
NORRIS REPORTED
LOYAL TO ROOSEVELT
Authoritatively Said to Have Wired
Approval of Program, but
Wants Imitation.
BY the Associated Press.

BY the Associated Press.
Senator Norris of Nebraska was au-
thoritatively reported today to have
telegraphed here that he is back Of the
Presidents program, except that he IA
vors currency imitation.
He is understood to have been asked
his views on the farm strike movement
by Edward Keating, former member Of
the House and now editor Of the news
paper Labor, published here.
Keating was not ready this afternoon
to make public the Nebraskan's reply,
but it was said in other quarters
familiar with the text that 1t record
ed anew the Norris support for Mr..
Roosevelt on ma jor questions, save those
dealing with the currency.
Evening star., 1933-10-21
RAIL GROUP NAMED.
Efforts to Improve Labor Conditions
Culminate in Move.

BY the Associated Press.
In an effort to find ways by which
conditions of railroad labor may be
improved, Joseph B. Eastman, co-ordi-
nator of transportation, appointed a
special committee yesterday.
At the same time Eastman made
public a voluminous questionnaire he
has sent to all railroads seeking in
formation as to their interest in COM
peting transportation facilities, the
amount of taxes paid. wages. hours and
working conditions of employees.
The railroad labor study will include
the relations and stability of employ
ment with emphasis on labor-saving
economies.
The committee is composed of DR.
j. Douglas Brown, Princeton University;
Dr. Meredith B. Givens, secretary Of
industry and trade of the Social Science
Research Council; Walton H. Hamil-
ton, professor of law at Yale University;
DR.. Alvin H. Hansen, University of
Minnesota; DR.. William NJ Leiserson
Antioch College: Isador Lubin, United
States commissioner of labor statistics;
DR.. David A. McCabe, Princeton Uni
versity; DR.. Isiah L. Sharsman. Uni
versity of Michigan; DR.. Sumner Slich-
ter. Harvard University and DR.. Will
liam H. Stead, associate director of
the United States Employment Service
Evening star., 1933-10-21

Continued From First Page)
cials have argued that these communi-
ties. generally catering to farm trade.
have experienced few of the more de-
structive price-cutting practices and,
therefore, have little need for price
regulation.
Two Strikes Settled.
Meanwhile Chairman Wagner of the
National Labor Board announced the
settlement of two more strikes and the
appointment of five additional regional
mediation boards for the areas SUR
rounding Boston, San Francisco, Sc
attic, New Orleans and Atlanta.
The lingering strike Of 5000 en-
ployes of the Westinghouse Electric &
Manufacturing Co. in Massachusetts,
ended with the workers agreeing to re-
turn to their Jobs Monday and the en-
ployers bargaining collectively as pro-
vided in the recovery act.
A strike Of 1900 workers in seven
settled, Wagner announced, with in
creases in wages at all mills.
In setting up the regional mediation
boards, Wagner was attempting to hurry
settlements. Five boards were created
Thursday and five more are yet to be
named. Through these is Wagner fig
ured that many disputes would be ended
without bringing the difficulties to the
Capital
Silk Workers Seek Raise.
Meanwhile, at q crowded hearing on
the silk code, q new scale of wages was
sought to return to work the 5000
strikers in New York, New Jersey and
Pennsylvania.
A proposed upward revision of the
minimum wage provision of the code
to apply also to the competitive
branches of the rayon industry was Of
fered by officials, but was rejected by
some elements of the workers
Arthur D. Whiteside, the deputy ad-
ministrator, told the conference pre-
sided over by Wagner that the code as
approved would work If given time. He
cited that it had been in effect only
since October Is.
Hearing on a code for the rubber
tire industry developed again the in
ability of employers to agree. Protests
at the code submitted were voiced by
spokesmen of nine companies, while
william Green, president of the Amer
ican Federation of Labor, demanded a
30-hour work week instead Of the 36
hours prescribed In the code.