The Washington times., 1934-01-30

demand IOI
Dunbar Hare him to be the
host.
So, yesterday, Mr.. Corby made
all arrangements to stage the
function Tuesday, February g.,
after 7:30 o'clock in the evening
at the Burning Tree Country
Club, and today the invitations
are going out
Mr.. Corby gave a party last
spring when he was inducted
into office as president of the
club, and that affair has been
the talk of financial circles since
then.
Several factors entered into
MIR. Corbys selection Of Mary
land as the scene for the func-
ton. Two are worth mentioning.
Firstly. it's too cold to swim in
his pool; secondly, the District
will still be dry on that date.
So the good old free State"
was picked.
The Governments working
more or less on the NRA sched-
ule, but there are at least two
men who 90 in for overtime
They are Henry A. Mulllgan'
treasurer of the Reconstruction
Finance Corporation, and David
B. Griffin, assistant treasurer.
Mulligan and Griffin even go
down to the office on Sundays,
and, as a rule, stay until II p. m.
or midnight on such occasions.
The oddity about the flare for
overtime is that they have so far
failed to designate picayunish
tasks-such as signing checks-to
Slbordinates, and so must take
what time ordinarily would be
considered as their leisure.
It's a certainty that neither
Mulligan's or Griffin'S signature
will ever be worth even a modicum
Of that paid for the scrawl Of But
ton Gwinnett.
James H. Lemon, Of James M.
Johnson & Co., doomed just LIST
week as one of the three experts
of the washington Stock Ex-
change, lost his reputation over
the weekend. That is. he lost
his reputation as a bridge expert.
It seems that Mr.. Lemon
doubled his opponents two-heart
bridge and that as a result game
and rubber enSued.
John D. Mothershead, of Fen
ner and Beane, who chanced to be
Mr.. Lemons partner, was telling
the story and wondering how such
a thing could have happened.
incidentally, the opponents were
none other than Thomas w
Hardwick, former governor If
Georgia and Uniied States Sena-
tor, and Ben Williams.
If you want to go back into ~ e
antiquity of securities connections
in Washington you .hould pay
heed to the stride of these boys
Frederick w. Berens and William
.. Boyer.
It's a long story, so far, as
dates go, but back in 1920, Frank
p. Morse, manager of Charles D.
Barney and Company, quit the
newspaper game and went with
Redmond and Company. A year
later, Edward w. Gamble, jr., be-
came affiliated with Mr.. Morse,
as Virginia representative.
In 1925, both Mr.. Morse and
Mr.. Gamble shifted to Stein Bros.
and Boyce. Just another year
later, Mr.. Boyer, a Brown Uni
versity graduate, came to Wash
ington from Lebanon, Pa, and
went to work for the S. B. and
B. boys. Five years after that,
Mr.. Berens, a Georgetown Uni
versity graduate, broke into the
securities game with the same
outfit.
Then, we move forward a few
years and find Mr.. Morse leaving
the Seligman firm to open the
office Of c. D. Barney and Com
pany. That was 1881. A year
later we find Gamble in the same
SeS44SS 0AAO 4AOWS 0OSC1 dL1N oSACL4S
are included.
So. that's that! Good fellows,
always get together.
According to our information,
the Bankhead bill, to license cot
ton gins, is going to do a great
deal toward boosting cotton prices
on the exchange boards.
1t seems that the old plan of
paying the farmer to plow up his
acreage didn't work so we'll. There
was a 1S,OO0,OOO-bale crop last
year.
Under the Bankhead project
gins cannot produce more than
100000 bales annually. That,
say the boys who watch the local
market, means that cotton prices
are going up.
What's back Of the boom In
Capital Traction stock? Friday it
was around 18. Yesterday 1917
was bid and there were no sellers.
Increased earnings, betterment Of
financial conditions and the fact
that the stock must be transferred
to Capital Transit are motivating.