The Brooklyn Daily Eagle from Brooklyn, New York • Page 3

BROOKLYN DAILY EAGLE, NEW YORK, THURSDAY, AUGUST 4, 1932 3 Utility View Outlined By Roosevelt Fair Rates, With 7 P. C. to Investors, Leading Features of Program Albany, Aug. 4 (AP)-Governor Roosevelt outlined informally today the broad general principles which will serve as guide posts in forming his recommendations for the regulation of the nation's public utility industry. Busily engaged in affairs of state -among them the question of deciding on the Mayor Walker ouster case -Roosevelt declined to be formally quoted, but went into the utility question at considerable length.

He said he would set forth specific recommendations a reasonably early campaign speech. He remarked that his principles today are unchanged from those which he has followed in his duties as Governor of New York State. Principles Laid Down Broadly, they may be outlined as follows: Governor condemns as indefensible the financing methods employed by some large utility holding corporations which are now in financial difficulty, but he draws a sharp distinction between those companies which are, as he feels, soundly top financed and those which create capitalization. The Governor holds as a primary principle the belief that all utility companies, whose securities are publicly owned, must be compelled to make public detailed statements as to their earnings, their capitalizations, and the mter-relationship of the holding companies with the operating, contends companies, that this general rule should be made to apply to all corporations which list their securities on public markets. Full publicity, he insists, should be furnished in important transactions of barter or trade which have a vital public interest.

Horse trading, in his opinion, might be exempted, because it is so firmly rooted in American tradition, from this general rule. Clears Up One Point Roosevelt insists upon the right of Government to own power sites and to produce electric power, but does not envisage public ownership of all utilities. He explains that such a thou which has been reported fa' lespread in Wall Street circ misapprehension. The Gov: position on a national basis described as unchanged from his stand in New York State Government- -namely, that the mere power of the State to produce electricity which and to late the profits privately owned companies might derive from the sale of this power at retail would serve to forestall the temptation of raising rates unduly He regards as a step in the right direction the recently announced policy of National Electric Light Association to confine its activities solely to the field of statistics and to remove itself from lobbying or propaganda. The utility companies, in the Governor's opinion, would do well to keep religiously clear of poli- tics.

Avoid Hardships While the Governor is committed to a policy of stricter regulation of the utility industry, he feels that his party's campaign will not impose hardships on the soundly directed companies. Although it may direct considerable fire upon those companies which, because of financial transactions or allegations of excessive rates, have aroused protests from consumers or investors. A return to 7 or 8 percent on its Investment is held by the Governor to be a reasonable expectation by any power company. Consequently, he holds to the view that his program of closer regulation, by keeping this principle uppermost, will do nothing to disturb the present high investment rating of the higher grade public utility securities which in recent years have replaced railroad liens as an investment fa- vorite. 0.

K's Holding Companies While strongly attacking what he holds is abuse of power, in the case of some utility holding companies, he considers the holding company theory sound in principle although sometimes unsound in actual operation. He contemplates no attack upon the principle of holding company organization. Roosevelt indicated many inquiries had been received from investors in public utility securities, seeking light on the Democratic party's stand. Broadly, this has been outlined by the Governor as pledging first protection for the consumer of electricity against high rates and at the same time providing a reasonable return to the utility companies for their service. (Copyright, 1932, by the Associated Press.) BAKERMAN-PECKAR Mr.

and Mrs. John J. Bakerman of 7401 4th Ave. announce the engagement of their daughter, Miss Florence Belle Bakerman, to Mark Peckar, son of the Rev. and Mrs.

Nahum Peckar of London, England, The Rev. Mr. Peckar is rabbi of Broudesbury Synagogue, London. Miss Bakerman WAS graduated from the Packer Collegiate Institute, Miss Mills' Kindergarten Training School and New York University, attended Southern Seminary, in Virginia. She held a research scholarship with the Boys Club Study and is president of the Intercollegiate Alumnae of the Omega Phi sorority.

Mr. Peckar is associated with the New York office of the Banque Belge pour l'Etranger of Brussels. He attended Camden Secondary School, Holloway and University College, London. He served on headquarters staff with the British Expeditionary Forces in Egypt and Salonica during the World War and is a member of the Hempstead Club in London and the Brooklyn Chess Club, SEES MURDER TRIAL START Mrs. Jessie M.

Keith-Miller, tralian aviatrix, photographed at Miami when she attended the opening of the trial of Capt. W. N. Urged Clarke To Kill Himself Continued from Page 1 testimony regarding the arrival of Lancaster from St. Louis the day before the shooting and the quarrel of the two men over her at the dinner table that night.

'After Bill went up to his room he read his mail and Haden and I sat downstairs talking," she continued. "We were despondent about our marriage plans and the whole situation. Then I made a fool suggestion. I said, 'I wish we could end It Were Amicable, She Says Then she told of Lancaster Clarke retiring to their room and she to hers. In compliance with a request from Clarke she said she locked her door.

Mrs. Keith-Miller said Lancaster and Clarke, after their quarrel at the dinner table the night before the shooting, talked amicably through the evening of their future and of the plans to postpone her marriage to Clarke, until his divorce decree final. At the conclusion of their talk, she said, Lancaster announced' he would move away from the house the next day. She heard the men talking and laughing before she went to sleep, she added. EDWARD H.

SCALLY DIES Edward H. Scally of 949 St. Johns Place, who was for 47 years in the plumbing contracting business in Brooklyn, died today at St. Mary's Hospital. He was born in New York City and was a member of the Master Plumbers' Asociation.

His wife, Mrs. Annie L. Miller Scally, and a sister, Miss Mollie Scally, survive him. A requiem mass will be ofered in St. Gregory's R.

C. Church at 10 a.m. Saturday. FIND BODY IN BAY The body of an unidentified man was found floating in the water near the Bush Terminal at the foot of 42d St. about 11 o'clock this morning.

Police thought it might be that of a sailor who was lost off a tender of one of the North German Lloyd liners several months ago. The man was of stocky build and about 40. Lancaster, former British Army aviator, charged with the murder of Haden Clarke, young American writer. Inset is Lancaster. Business Man May Be Tokio's Envoy to U.S.

San Francisco, Aug 4 (AP)-The Chronicle 'today said semi-official dispatches from Tokio to Japanese business leaders here indicated Jotaro Yamamoto, former president of the South Manchurian Railway, is slated to succeed Katsuni Debuchi as Ambassador to the United States. "The military party," the paper said, "is credited with believing Yamamoto may yet convince Washington that the Japanese occupation of Manchuria and the placing of the former Chinese boy, emperor (Pu-Yi) on the throne mearly a police job." Armed Youth Gets 5-Year Term for $2 Store Robbery 2 Other Holdup Men Sentenced Pair Will Hear Fate August 16 Three men were sentenced to Sing Sinf today by County Judge McLaughlin, and two others were remanded for sentence on Aug. 16. William Steiner, 27, of 52 Clarkson was given five years for attempting to rob Bernard McGrath, a laundry driver, of 7612 88th on Feb. 12.

McGrath was coming out of a cellar at 416 Ocean Ave. when Steiner attacked him but was subdued. Martin Behrman, 19, of 2848 W. 30th who pleaded guilty to robbery in the third degree on a first degree indictment, was sentenced to five to ten years. He was accused of holding up Morris Levitt in stationery store, 205 Gravesend Jan.

22 and taking $2 while armed. William D. Kelly, 22, of 40 St. Mark's Place, Manhattan, who pleaded guilty to second degree attempted robbery, was sentenced to three to seven one-half years. He was charged with attempting to hold up Irving Scott, a milk driver, of 640 Flatbush June 22, in front of 1245 St.

John's Place. The two remanded are James Donato, 17, of 2640 E. 14th and Harold Dunn, 19, of 1705 Church Ave. Both are alleged to have held up Isidore Pemberg of 25z7 E. 19th St.

in a hallway April 9 in an attempt to steal $9.. Donato was found guilty of first degree attempted robbery by a jury and Dunn pleaded guilty to third degree attempted robbery. ANCE: CLEA Our Final Smart Clearance Summer of All SHOES 3:85 Formerly 5.85 to 7.85 Every summer fabric suva, synet, marcella, linen and chevron cloth, doeskin, buck and kid in operas, pumps, step-ins, straps, sandals and oxfords. Sizes 3 to 9, AAA to C. All sales final! SHOE SALON-SECOND FLOOR MARTIN'S Fulton Bridge Sts.

Brooklyn Store Open All Day Saturday State Troops May Keep Lid On Long Beach Edwards Vows to Use Them if Game Owners Secure an Injunction Special to The Eagle Mineola, L. Aug. 4-Advised that operators of closed gaming places on the Long Beach Boardwalk were seeking a restraining court order under which to reopen, Distict Attorney Elvin N. Edwards this noon asserted he will keep the ban on gambling at the beach city "even if I have to resort to the use of State troopers." "It has been called to my attention," said Edwards, "that lawyers have been trying to get an injunction from a Supreme Court justice to restrain the police, me, as District Attorney, and the Mayor, Frank Frankel of Long Beach, from interfering with the so-called 'Penni Heart" and flasher games on the boardwalk. to say that such an injunction, if obtained, will not interfere with the fullest enforcement of the at Long Beach.

I have instructed Assistant District Attorney Albert DeMeo to see that gambling is not permitted at the beach and to use the State Troopers now assigned me in the Stark case to make arrests and prosecute all violations. This goes for all games of chance. "As long as the police of Long Beach do their duty and maintain law and order on the Boardwalk, I will interfere; but the minute they fail, I shall use the State troopers to enforce the law." While the prosecutor and the gaming interests voiced their plans, the Long Beach Council was summoning holders of all Boardwalk concession permits to appear tomorrow and show cause why their permits should not be revoked." According to City Clerk McCabe, every concession operator must appear at a public hearing by the City Council in Long Beach City Hall at 6:15 p.m. McCabe said all concession permits will be closely scanned and their possessors questioned regarding operations. Seeks Curb on Police Former City Judge Morris A.

Vogel, attorney for 16 concession operators arrested on instructions of former Police Chief Morris Grossman, said he would seek today an injunction restraining police from interfering until it was decided if such concessions are illegal. Vogel said no attempt will be made by the closed concessionaires to operate until the injunction matter has been settled. The flasher games, he said, will remain closed until after tomorrow's hearing. Tomorrow Assistant District Attorney DeMeo will prosecute the arrested as gamblers. DeMeo has said that if the poi.

ce fail to produce evidence upon which the 16 can be convicted. he will move for a John Doe investigation during which police, Mayor Frankel and others would be examined. Chief of Police McGowan says- he welcomes such an inquiry. The concessionaries represented by Attorney Vogel are Morris Merson, Mike Dunne. Louis Reiben, Kirsch Nat Greenberg, Herman Cohen, Max Kahn, Jack Lewis, Harry Gordon, Harry Rosen, Virgil Manfred, Ike Harris and Charles Cohen, three permits each, and Eddie Rosenbaug, William Golden and Meyer Taxler.

Insects do $100,000,000 damage to trees yearly. Veterans Trek In Full Swing B.E.F. Cook Feeds Police, Gets Job Waterbury, Aug. 4 (AP)D. Gastia, chef of bonusseeking veterans, was serving his last meal when State Police arrived to direct abandonment of the camp.

Gastia, whose home is in Canton, N. invited them to partake of the meal. So did the officers like it that they hired him as assistant cook at Substation in Charles County. Continued from Page 1 State capital as the first groups left. The majority of leaders of other contingents they to eventually camps said, expected, capital cities.

Mayor McCloskey carried a message of praise from Gen. Smedley D. Butler as he arranged departure of the second group for St. Louis today. Butler commended the fighting ex-pugilist's handling of the situation.

At nearby Ligonier, 19 men, one woman and two children, who have been sleeping in a chicken coop and an orchard, prepared to return home. Their leader, Tony Batiste of Camden, N. said they lost $300 in equipment during the Washington disorders. Governors of other States were asked to promise gasoline and to furnish cards for the B. E.

F. cars. Any automobile with a card would be furnished fuel across the State which had furnished the official signs. 200 at Gettysburg Gettysburg, Aug. 4 (AP)-More than 200 men, women and children, all but 38 refugees from Washington, today settled down for what they said would be an indefinite stay at a tourists' camp adjoining the National Cemetery.

The 38 were on their way to the 6 Capital, weeks the -sore and weary from on road from California, but decided to stop here. The others said they had been offered a farm at Lancaster, but refused leave when the State offered to take them across Pennsylvania but not to Lancaster. Food is on band for two and a half days, according to leaders who said that shoes and tents needed. Sanitary conditions are fairly good. Probers More Data Washington.

Aug. 4 (P)-Officials of the District of Columbia today laid before a grand jury their account of incidents leading up to bonus army riots. Two commissioners appeared personally before the jury bringing with them all records concerning their dealings with the bonus seekers. The jury, ordered to make a thorough investigation of the trouble which cost two veterans their lives, already had in its records the story of Pelham D. Glassford, superintendent of Washington police.

Leaders of the B. E. F. deny charges by Secretary of War Hurley that one-third of those bivouacked here were not veterans. Camp Waters Deserted Waterbury, Aug.

4. (P) to Camp Waters was deserted today with only a few tent poles, ashes of numerous campfires and a newly cut road remaining on the site of the once proposed haven for the Bonus Expeditionary Army. Ban Up in Huntington Huntington, W. Aug. 4 (P)- of Huntington today informed the City officials and civic organizations Bonus Expeditionary Force that this city is "wholly unable" to care for veterans and any "attempt to invade" will be vigorously resisted.

Tax Burden of $158 Put On Each Person By City, State, Nation NO. 9 New York City's government will spend more than $700,000,000 this year. This represents an average individual contribution of $97.25 from each of the 7,200,000 inhabitants of the city. (It was $26 in 1900.) Added to this is the per capita cost of $25.84 for maintaining our State government. A third burden is the per capita cost of $35.41 for our Federal government.

These three items give us the heavy total of $158.50 a year which must be paid, directly or indirectly, by every man, woman and child in New York City for the unequally distributed benefits from the local and supergovernments. The trend is ever UPWARD. Expansion by increased efficiency without increased cost is a formula not understood by political regimes. The runaway rate at which the cost of our New York City government has INCREASED in the last 30 years, particularly since 1920, is shown by the budget figures: 1900 $90,700,000 1910 $163,128,270 1920 $273,689,485 1932 budget does not show the total city expenditures. A COOLIDGEISM "Almost all our governmental units have been taxing, borrowing and spending beyond the capacity of the people to COOLIDGE.

New York Banks May Help Buying Of Raw Materials Young Committee Expected to Sponsor PoolWould Stimulate Prices A plan is under consideration by leading New York banking institutions for the formation of corporation which would advance funds to individuals and corporations for up their raw material inventories. This corporation would in no way be a "commodity pool," as been rumored. Governor Eugene Meyer, of the Federal Reserve Board, made the proposal to Nw York bnkers and the Young committee yesterday, and the matter has been under advisement of the banks, although no final decision has been reached by the latter. It is understood that the corporation, which would probably be sponsored by the Young committee, would be financed by York banks through sale to of banks enfupproximately $50,000,000 Purpose of the corporation would be to facilitate the purchase of raw materials by manufacturers and others. Inventories in the hands of manufacturers are in general extremely low and it is thought that increased purchases at this time would greatly strengthen commodity prices.

Rising commodity prices, it is felt, would instill confidence in business men and help business recovery at the earliest possible moment. The proposal to for this corporation is understood to be one feature of a broad plan to stimulate prices and business before Autumn. Efforts will made to have corporations declare regular dividends whenever possible and credit expansion will be pushed through the banks, the Reconstruction Finance Corporation, the Home Loan Banks, and other agencies. Misses', Women's and Junior Misses' DRESSES Reduced for immediate disposal 5:90 Regardless of Former Prices A limited quantity of late Summer washable crepe sports frocks, printed crepes and a few sheers for afternoon and street wear. Sizes for misses, women and juniors but of course not every color and style in every size.

DRESS SHOP- SECOND FLOOR MARTIN'S Fulton Bridge. Brooklyn Store Hours, 9:30 to 5:30 Thursdays, 9:30 to 6:30 ReynoldsDeath' Quiz Reopened By Grand Jury Aide, Whose Testimony Balked Verdict of Suicide, Heard in Secret Winston-Salem, N. Aug. 4 (AP) -Stewart Warnken, manager of Reynolda, palatial estate of the wealthy Reynolds family near here, was summoned before the Forsythe County Grand Jury today. Warnken carried a large roll of drawing paper, presumably a chart of the premises on which young Smith Reynolds, husband of Libby Holman, former torch singer, was shot to death.

Sheriff Transou Scott was before the grand jury for several hours yesterday. The jury adjourned without official indications that it had taken up young Reynolds' death, but circles belief was strong Scott's visit to the grand jury room was in connection with the case. Warnken was one of the witnesses who testified at a coroner's inquest into the shooting that the automatic pistol with which Reynolds was killed was not found until four hours after the tragedy. One of the coroner's jury said after the inquest that this testimony was the main reason for the jury's failure to return a verdict of suicide. Court Scores Higgins Father Merrill T.

Foster Services Tomorrow Funeral services will be held tomorrow at 8 p.m. in the funeral chapel at 83 Hanson Place for Merrill T. Foster, veteran Mason, who died yesterday at his home, 2502 Cortelyou Road. Mr. Foster was born in Vermont and resided in Brooklyn for more than 50 years.

He was a life member and past master of Acanthus Lodge, 719, F. A. and a member of Clinton Commandery, He was formerly connected with the Brooklyn Union Gas Company and leaves his wife, Mrs. Zelda Robertster: and a daughter, Mrs. Forman.

Intermen will be in Greenwood Cemetery. Manchuria to End Extraterritoriality Harbin, Manchuria, Aug 4 (AP)The Government of Henry Pu-Yi at Changchun has decided to abolish all extraterritorial rights enjoyed by citizens of the principal powers in Manchuria, authoritative reports from there said today. The Pu-Yi Government also decided to establish its own tobacco monopoly. Continued from Page 1 the man's wrist and found that the hand was clutching four of his $10 bills. Couldn't Serve Subpena A few days after the arrest, Cohen told the Court, an atempt was made oserve Higgins, with a grand jury subpena, but he could not be 1o- cated.

The subpena was not served until he attended the funeral of his son, Vannie, on June 22 last. "Everybody in the Police Department and the District Atorney's office did everything, within their power to told. Judge McLaughlin. "A policeman sat day and night in a motqroar before his house. Higgins' brother died in the interim and he didn't have the decency to atend his funeral.

"It is due to such citizens as Higgins that men like Lewis are roaming our streets-a man who began his criminal career in 1901. During the litle more than 21 years that have elapsed, Lewis has accumulated a record of 49 arrests and 20 convictions. It can be said for him that he has been frank enough to plead guilty to the lesser offense, and for that I have more respect for him than for Higgins." R'S FULTON AT BOND, Brooklyn--TRiangle 5-8100 JUST 1200 WOMEN'S Bathing SUITS $1.00 FINE SUITS IDENTICAL IN STYLE AND QUALITY WITH THOSE SELLING ALL SEASON FROM $3.95 TO $6.95: Ready at the clang of the bell tomorrow, Friday morning. These high type, colorful bathing suits in what we believe will be the greatest event of its kind in Brooklyn this season! Colors- Galore! Be Here Early for Best Selection MAIN FLOOR.