The Charleston Daily Mail from Charleston, West Virginia • Page 6

MONDAY EVENIXf; STOCKS FEBRUARY 27, 13:13 BUSINESS MARKETS SECURITIES RISE AFTER PRESSURE New York Stock Exchange List Co. A a Express Air Reduction Prices Inclined to Recover in Quiet Trading; Rails and Tobaccos Climb v-urpor i Amn. Bank Note i Amn. Can Amn. Car Foundry Arnn.

tic Power Amn, Hornt- Prod. NEW YORK, Feb. 27 sure was again lifted from the securi- A ij ties markets today, and prices were ac Fay inclined to recover in quieter trading. American Radiator Rails and tobaccos acted particular- Amn. Koiiing MUIS ly well.

New York Central advanced EJatety 'Hazor around a point. Miscellaneous shares SmcffSs rising a point or two included Amer- I Amn. steel jean Telephone and United States I StecT: preferred. United States Steel Tob common rose fractionally. Oils sagged A Water Works minor fractions.

Amn. Woolen, Pi'ct. Drop at Opening NEW YORK, Feb. 27 nhowed mostly fractional losses in an active opening today. Declines averaged half a point for Southern Pacific.

American Tobacco Lackawanna and Consolidated Gas, United States Steel, American Can, American Telephone and du- Pont were steady. Allied Chemical and Corn Products dropped a point. American Telephone, New or Warner Ce Fe rose a point, USEJTM SS and substantial fractional gains ap- peared in American Tobacco Union Pacific, United States Steel, Montgomery Ward and others. Reports from the industry pointed to price firmness as a favorable development, largely offset by Atchison Atchison, Pfd. A.

C. All. Refg Armour Auburn A Aviation Corp. Baldwin Loco. Balto.

Ohio Balto. Ohio, Pfd. BamsdaU Benclix Beth. Steel Beth. Steel.

PM. Bohn A i Borclens Briegs' Uod.v A. M. Bye Co. Burroughs AddirtK Much Canada Dry Canadian Pacific Case ThreshinK Caterpillar Tractor Cerro tie Pasco Corp'n more cautious buying.

The publico tipn "Steel" said ingot output had declined to 17 per cent ot capacity from 19 a ivaek earlier, and added that it was traceable largely to the Michigan situation. "This first break in the general operating rate this year" continued, "is accepted philosophical- ly as part of the backing and filling I Congoieum expected to accompany the various Commercial Credit stage? of recovery." 31 Solvcnts Sterling cables opened at $3.41 -16. Con's! Oil Corp. up 9-16 of a cent, and French franc Conti. Can cables at 3-4 cents, up 5-16 of a point.

Ches. Ohio Chrysler Chgo. Pr. C. M.

p. Pr C. R. I. Pac Chgo.

N. Coca Col. Carbon Col. Gn. Commonwealth Sou.

16V 31 2'i 20 :1 4 a BUSINESS BRIEFS NXW YORK, Feb. 27 (API meetings scheduled jfor this week by Mveral Important companies. Those on the list i Ixsew's P. Lorillard. Reynolds Tobacco, Singer a a i Standard Oil Kentucky, McKeesporr.

Tin Plate, American Water Works and American Power and Light. Directors of 1he last are due to take action on the preferred payments, Standard Statistics company's iveekly luminary of business conditions says retail has continued to reilect "the declining dollar value of goods sold, as as the further restriction ot consumer buying power." January department dollar juries were 24 per cent under a year ago. white grocery and variety store a i reported decreases of. 14.5 per cent and 9.8 per cent, respectively. LOUIS Fob.

27 A A nouncement was made that the Louisville assembly plant of the Ford Motor company i begin production Monday of a new model, employing 1.500 men on week, double the present number. HARTFORD. Feb. 27 A i hundred persons will be employed at the Pafmer Brothers company oE New London. which has received an order from the Red Craw for immediate delivery oi comforters.

CHICAGO, Teb. 27 i AP) A tugar iCarry-over in the United States and Cuba on December 31. 1933 of approximately tons is indicated by the preliminary -animate of B. W. Dyer company, sugar economists.

This would be 245.000 tons I imatler than the carry-over in December, I CHICAGO. Feb. 27 com- work of sisnlnjf $4,114,000 of anticipation warrants to be issued nexf i to unpaid teachers and other school employees. Contl. Oil Corn Prod Curtis Pub.

Co. Curtisa Wright Curtiss Wright Delaware Hudson Lack. Wes. Douglass Aircraft Drug Prod. Co Dupont Eastman Kodak Elec.

Buttery Elective Auto Lite P. Federal Water Service Fidelity Phoenix Firestone Rubber First Nat. Stores Faster Wheeler Fourth Nat. Investors Fox Film Gen. Amn.

Tank Car Gen. Asphalt. Gen. Baking Gen. Electric General Foods Gen.

Motors Gen. Pfd. i Gon. Ry. Signal i i i Gold Dust i Goociyear I -ariby Copper i a Co.

i W. T.I Graham Paige Credit N'orthorn, Oil Hupp Motors Hudson Motors I i i Central Industrial Rayon I Bus." Machines IiKl. Cement I Harvester I Hydro. Electric Intl. Nickel I Tel.

Tel. Island Creek a i Kans. City Sou. 7 1 Kennecott 7V- Kresge 7 Gro 15 Va 15 Lambert Co. 24 'i Lehigh 8 Lehn Fink I4 14 Lehman Corp 37 i Ldbbey Owens Liggett M.

52 51 Loco Loews, Inc 14' Lori Hard ny LouUviJlc Gas At Elec. 3 15'i Liquid Carbonic IQ: Mack Truck 337, R. H. Macy 257-4 25 McCory Stores Pid 6 1 Marshall Field 4- va Mathieson Alkali 14y a McKeesporl Tin 46 a 46 McKesson PM. 4'-, Mid-Continent Pet.

4 M. K. T. 6 i M. K.

T. Pfd 131," Missouri Pacific 2 Missouri Pac. Pfd 3 Monst.iito i a 1 Nash Motors Natl. Biscuit aT-y Natl. Cash Reg Natl.

Dairy Prod 10V- Natl. P. Natwmal Steel 131-; N. Ont. West.

gJi New Haven i Norfolk Western i N. Amer. Aviation 43, Nor. North Amn igij Ohio Oil 51 Otis Steel Otis Elevator li'? Bottle Pacific dw Elec. Pacific Lighting Packard Paramount Publix Peoples Gas Penna.

R. R. Penny, J. C. Phillips Pete Pillsbury Flour Proctor Gamble Public J.

SST'SIi Purity Bakins Oil 7 7 7 Hadio Corp i i i Radio Corp. 7-i. 71. i Rdfliq Keith i a i Reading 25 Silk Republic I. 3t S.

4 4 4 ReyncldM Tob. ZT', 2R' Remington-Rand 'n- -t Royal Dutch i 37-1 Safeway Stoves ai St. Joseph Lead. RI Schulte Retail I 1 Sears Roebuck 131.. St.

L. S. F. Shell Union Oil 4', 4 41 F. H.

Shattuck e' a I 2 Simmons Co. 51. Skelly Oil 3 3 3 Socoiiy-Vaccum 6 'a fi-'i, Sou. Pnclfic 11 t-. sou.

4," Standard Brands 14 14' 14 S. O. Calif 2tP. 2i)'4 S. O.

N. 24 2a-i Sou. Edison 20 20U Standard Gas 8' a leu-art Warner 2 Stone Weonter 6 a fi Studebnkcr .1. -j -i Texas Co na, Texas Gulf IFP A i Tex. Land Trust, 4 41 Tim ken J4 1 34 Trnns.

America Corp. 4 a -4 4 a 411 Union Carbide -fp Union Pacific 67i; B33 United Carbon 11 United 35 --vi; ai-i i Gas Impt JB 1 jfii'', U. S. Pipe Foundry 7 i S. Atcohol 15 147.

U. S. Rubber 3 ,1 S. Stool rt 4 r.j U. S.

Steel. Pfd. 5(p 4 5V 56 United Aircraft 1SN 17 United Corpn fi 1 ij UPJted Pfd 31 30" sff. Utilities P. 2 Vanadium a i Warner JSros 1 1 i i Western Md 4 43,, Western Union 13 7 jn West Penn.

Pfd. 4 0 4f', WestinKh. A i Brake 1 4 34 WpEtiiighouse Ktcc 1 19 3 -i, Wool worth 27 am. llc Truck 2 2 a 7 i JlJlf 51' 2 Approximate transacti'ons" 1'1'a I Money 1 per cent. 4 MICHIGAN BANKS HELPED BY FORD Manufacturer Forms Two New Institutions to Ease Situation DETROIT, Feb.

27 new IJetroit banks, buttressed by the mii- hons of Henry Ford, today became the keystone of plans to lead Michigan out of the difficulties which resulted the proclamation of a state-wide banking holiday two weeks ago. The new banks, whose capita! will consist of $8,250,000 furnished by Ford and his son, Edsel, are expected to open Wednesday. They will be built irom the liquid assets of the First National bank and the Guardian Na- Bank of Commerce whose depositors will receive immediately about 30 per cent of their deposits Disbursement of the remaining 70 per cent must await the liquidation of the assets of the two banks. The Ford announcement climaxed a week-end of fast moving development-during which officials of the First National and the Guardian National accepted a $78.000,000 loan from the Reconstruction Finance corporation to be used in the formation of the new banks. The Fords' offer to subscribe tile entire capital stock of the two new banks as accepted by directors and stockholders of the First National and the Guardian National grants the motor manufacturer and his son the right to name the official personnel of the new institutions and to ultimately merge them into one organization.

These rights were specifically requested by the Fords. Under the plan the Fords wilt put up $5,625,000 for the successor to the First National and $2.625.000 for the successor of the Guardian National. Of the $78,000,000 H. F. C.

loan, $54 000,000 will go to the bank to be built out of the First National and the remainder to the bank to be built from the Guardian National. "The institutions so established will be the type of financial structure Latest Addition to Uncle Sam's Fleet HOLT TO TESTIFY INUTILITYPROBE House Committee Chairman Will Take Stand on Monday Night Utility financing and utility will be discussed before house of delegates special utilities investigating committee it slimes its hearing at 7:50 o'clock Monday night. The will be led by Delegate Hush D. Holt, committee chairman, who decided Monday to take witness stand. Mr.

Holt said he will quote Irom federal records. The utilities corrlmittee has opened an office in the capilol building, situated on the sameldoor an the house chamber. Mr. Holt spends much of his time there conferring with committee members and keeping up correspondence in regard to the committee's work. Newest ocean-going defender oi the nation is the U.

S. S. Portland, pictured at the Charlestown navy yard at Boston, just after she had been commissioned into service in the United States cruiser fleet. In Chamber and Corridor that merit public failh in the ability of industrial Detroit to rehabilitate itself," said by the Fords. a statement issued Strength Shown NEW YORK CURB NEW YORK.

F-b. 27 A I 1 -t NEW VORK. Tfh. 27 A I curb riV I I I regained its i i i today alter last AJ-IOI Saturday's scllinR and prices moved irregularly in a narrow WITH THE BROKERS Wintbrop, Mitchell Company: Last week was one of the most" trying which the market has experienced last spring. The Couzens bank sjiil was very quickly enacted into law the end of the week, and press dispatches indicate that congress' will jjreatly facilitate the passage of any nther legislation required to relieve Ihe situation.

Some progress, has fin- iilly been made in Detroit with the NEW YORK. Feb. 27 business was a a retarded by bank conservation measures taken in some localities, the important industrial indices: again reflected strong vitality of business as a whole during the past week. The weekly carloading statement showed more a seasonal improve- There was a gain of 13,070 cars week, although HAHRIS. UPHAM CO.

Amn. Cyanamid Amn. Gils and Elec Amn. Superpower Ass'cl Gas Cities Service Creole Syn Electric Bond and Share Ford Lie! Nst-i FUI-I Gas Open Noon I 5 7 8 ot 5S4.390 enrs was still some Niagara Hudson below corresponding of Mr. Ford, and this mav I week of 1932.

Particular interest was lent to this accomplishment in view of help sentiment. Harris, XJpham Company: Business activity showed some im- jirovement last week according to the New York Times W5ekly index which moved to the highest level of the last weeks. The gain was du a fairly sharp falling off in coal ship- inents. This loss was more than offset by increases in miscellaneous freight shipments and in less a carload lots. Likewise, United Gas Co Transport Check Limit in Ohio COLUMBUS.

Feb. 27 (AP). -Twenty Ohio banks, all but two in a Akron. Dayton a Youngstown. today placed restrictions nn heavy withdrawals in anticipation of emergency banking laws Governor 'Jeorge White promised to offer lo the current legislature.

Seven of Clex eland's eight banks agreed to limit withdrawals temporarily to 5 per cent oi deposits. They were the American Savings hank. Central United Natona! bank. Cleveland Trust company. Guardian Trust company, Lorain Street Savings and Trust company, Society for Savings, and the Union Trust company.

The National City bank declined to participate in the agreement and announced operation on a normal basis. Akron's five banks First Central Trust company. Firestone Park Trust and Savings bank, the Commercial Bank and Trust company, the Dime Savings Bank company, and the Standard Savings bank--restricted savings deposit withdrawals to 1 per account withdrawals will not be honored under a complicated svMem. The four banks of Dayton--the Winters National, the Third National, the Merchants National and the Morris Plan--declared a holiday under a declaration by the city commission and mayor. The Clinton Savings Bank company near Akron announced it would low the lead of Akron banks.

The first American Trust company of Lima. If the efficiency and economy com- nittee has any notion of submitting a Droposal to effect real economy, it vill have to turn to the school sys- em, according to informed legislative ircles. What the committee has in nind, concerning i school economies, however, has not been divulged. There have been reports that it will propose state aid funds to support the schools for a minimum of four months a year and leave it to the counties to run them for longer terms if desired. This, however, does not look to economy, it is said, but simply would i additional funds from a new source.

It remains to be seen just what school economies will be forced upon the counties by the new limitation amendment to the constitution. The subject of schools is a touchy one in the legislature. The reason for it is said to be because schools relate to the welfare of children and anything affecting the children must be shielded by all means. Yet, some versions are that there is something else that actually transcends the importance of children, although legislators and other sponsors are said not to be conscious of it. It is said to be politics and nepotism, which go hand in hand in many school districts.

When the word "schools" is uttered in the house of delegates, or in the senate, the representatives of the people begin to strain their ears and prepare lo rise in defense of the children. It is said. however, that thoughts of the children actually are not the main prompters of this rise pay attendance officers, employed to see, that children go to school, to pay janitors and engineers, to pay for fuel, light, water and janitors' supplies, to pay for new furniture to pay for insurance on school properties, $266,495. Following are some more 1931 school figures: Approximate number of elementary teachers, approximate number of elementary pupils, average number of el pupils per teacher, 23. Approximate number of high school teachers, approximate number of high school pupils, average number of high school students per teacher, 21.

An Examination of these figures in an official quarter led to the estimate that at least $10,000,000 could be saved on the schools in one year's time. The same quarter said that the average number of elementary pupils is too low: that the number could be doubled, and further, that the elementary number was too the high school number of students per teacher was much lower The official source advanced the belief (hat enough schools could be consolidated and enough teachers eliminated to save $10.000,000 a year and at the same time provide better teachers, more facilities and bigger opportunities for learning to the pupils. High school students, it is said, do not need as much "teaching" as the i in the elementary ades, where teaching is necessary STUDY WAY FOR VOTE ON REPEAL Joint Committee Discards One Plan; Go Ahead, Garner's Advice OBITUARY arms, but that, rather, it comes to give them a start on the road tb thoughts of "Bill" or "Jt home members ot education, whose job must be saved: of "Nellie" a cousin, who is teaching and her job must be saved, and oth little items that have been practiced in boards of education. Then, it is said, there are other elements in the school system which add to costs, and it would seem like a sacrilige to the children to abolish them. These include "frills" which propaganda has taught, are essentials to childhood's learning, such as extra.

of pens and pencils and paper, many of them purchased by pupils' parents. Governor "White declined to divulge the a of ihe proposed legislation, i useu Manager A. Stephenson oC the In this connection, some le-isla'ors Cleveland Clearing House association, ia however, said the suggested, laws would "enable the superintendent of banks, with the approval of the governor and or i i banks," attorney general, to stop withdrawals I 1 rom Ohio N. Y. BANK STOCKS By HARRIS.

UPHAM i National CITY DAY BY DAY I cotton cloth production index moved lower. STOClT PITTSBURGH. Peb. 27 A Live s'ock: HOTS, 3.5CO: holdover 450: mostly srradv i Friflav; 170-220 3.00-4.1X): 3.73-0: pigs packinif sows 2.75-3.00. week.

stool trade reviews said a production had slowed down I slightly, due to the reduction in ton- nano by the automobile industry The mercantile trade reviews uu sounded a moderately cheerful note, 2.70-3.10; most I based i a i on the thought a business, despite its shackles, had been able to function efficiently. 4.25-3.00; medium'to heifers 3.50-4.56:" I "Trie i a i provides acl- I i i a proof of the inherent strength choice beef cows 2.65-3.1 Calvrs, 300; steady; Rood 8.00-T.OO; common to me; 3.00 less. Sheep, opening about steady: pd i choice wooled lambs B.OO-ZTi: desirable cMo- prrs 5.23-35; good vooled aethers ii.OO arid above. of the economic structure, i 3.50-5^0" Unuos to function efficiently notwithstanding the handcap of dilated mal- nearly every one ts divisions," said Review. of ClNCmNATT, Feb.

27 stuck: Hogs receipts 4.200, 1,710 direct and i tfcrouKt'- Mostly I5o than a diiy. Around JOc lower than Friday. Good lo choice I8t-240 ibs. mosttv 3.80-3.90; a feiv 2W-300 Jbs. 3.05-3.80; ISO-ISO ibs.

a i Jy a.83; 120-150 3.00-3.25 aceardms; to I weight fcnd quality. Sows steady 2.:50, best lightweights 2.75. receipts 1,000, calves 400, slow, i utters and, heifers steady to a spots had reduced a i two i to SSc lower. Cows mostly ik 17 per cent of a a i but a pro- lo 25c lower. Common to medium steers i vnocf imd heifers mostly 3.50-4.50, a few lots of stood kind 4.75-5.'00; beef cows 2.50-3.00; Jo'-v cutters and cuttfirs 1.30-2.25; mainly 2.29-3.00: vealers 50? lower Good to choice 5.30-6.50, common i m-rwtly 3.30-3.00, 3heep 800, 1st lambs weak to Aged stock unchanged.

better yrade 5.00-3.75. best offer in ys 76 Ibs. 6.00. Good a If) (b, clipped lambs 5.50, common to i Fat aged ewes mostly 1.00-1.50. be'st 2.00, a a a Bank of Manufacturers Trust a a Trust 395 New York Trust Jjj; Public a i a 20" Empire Trust 20 OIL STOCKS HARRIS.

UPHAM A CO. sno no Decline Two Points! CLEVELAND, Feb. 27 (AP). The Steel snys steel seasonal work i i large a is inore in i "i a the Cumberland Pipe 41 Eureka Pise 23 OL! 41:1 Gujf otf Indiana Pioe Petroleum 31 South Penn Oil i. S.

O. I i a 18'' P. O. 10 5j. O.

Nebraska 10 s. o. Ohio Pnnn Mt-x. 1' GRAIN CHICAGO. Feb.

27 i a i Nnnn Ask ore never used. believe it is time to get bnck to teach- R's in the schools, and to pressing pupils' minds with the idea of learning, that they may learn to learn themselves without the necessity of so many teachers. For ihe year which ended June 30, i 1931, West Virginia's school system drew a total cost of $24,233,895 from the taxpayers' pockets. Figures for the succeeding year have not yet been compiled. There were no indications, however, that the figure was reduced last year, except a in some instances, county districts failed to take sufficient funds to meet all ex- by the time a child reaches the high school, he should be able to do much of his learning unassisted by a teacher If not.

the high school will be of lime vaMe to him, some believe. A bill to make Ihe county the school unit, by abolishing all district school boards--savins the independent districts--and creating a county school board of six members, is on first reading in the house of delegates and probably will come up for consideration early this week. Delegate H. Norton, of Huntington, is the author of the bill. It enacted into law, the bill would go into effect in 90 days from passage.

The county board of education would a a such as the three be constituted by assembling all dis- Dr. J. N. Mahan lo Be Buried in Spring Hill Funera! services for Dr. James Nel'- non Mahan, prominent dentist and rounder of the West Virginia Dental society, who died Saturday were to be held Monday afternoon at his residence, 15S6 Kanawha street.

Rev. John Gass, rector of St. Episcopal church, was to conduct rites. Burial was to be in Spring Kttl cemetery. Active palibearcrs were to be: Judge Arthur P.

Hudson, Beverly Broun, Dr. H. H. Young, Peyton, Dr. Norman Baker, and C.

P. Nelson, of Huntington. Honorary pallbearers were to Judge George W. McClintic, Judge A. S.

Alexander, E. B. Dyer, C. jfc. Payne, Dr.

G. C. Schoolfield, Scott, R. S. Spilman.

Thomas C. Mfe. Kinley, E. A. Reid and S.

C. Dr. Mahan was 77 years old. He hftd been practicing dentistry for 51 Born February 5, 1856 in cjunty, he was the son of Nelson J. and Virginia Legg Mahan.

Surviving are the widow, Mri. Hyn Mahan; a son, Leslie Dana Mahan, and a brother, Charles E. Mahan, of etteville. Crouch Last rites toe (Continued from Page One) letter that the convention should be called by state legislatures and not by congress. He also wrote that he was forwarding available data on ways of holding the conventions.

Liquor control would be mandatory upon the state under the terms of a resolution submitting the question to West Virginia voters, as reported to have been agreed upon by legislative I Wiley Crouch, of Dnna who died leaders Monday morning. resolution, it was reported, would submit the following amendment in place of the existing bone dry law: "Laws shall be passed regulating the manufacture and sale intoxicating liquors within the limits of this state, and any law authorizing the sale of such liquors shall forbid and penalize ihe sale thereof for consumption in a saloon or other public place. The foregoing amendment shall, if ratified, Uecause effective on the first dav of March. 1935." resolution reported considered week read that "laws may be --Charles Harold Childress, of i field, who was i by a i rock last week, is improving at the Staat.s hospital. --George Evans, of 306 Beuhring avenue, is being treated at a Charleston hospital an i to his knee suffered while at work in the shop of the street car company.

A wheel he was rolling struck him. --Intermediate Judge Henry K. mcntary teachers, $12 1 021.B13: 'to pay Black Monday dismissed nn indict- '1 1 expense for 1931 new building and pcnses. The did not include bond funds. The greater portion of the $24,239.895 was spent as follows: To pay ele- WHEAT: July September May CORN: July September May OATS: Hiifh Low Noon 24- IGV: 34 NEW YORK BONDS NEW YORK.

Feb. 27 I UP price movements took phico on I ho bond market ind'iy. No trend was displnyod by United Stairs government. In the rails. Missouri Pacific 5 aainod a fraction, i Now York Cc-ntral and Baltimore Ohio I.SSUPS eaiscd.

Standard Oil ot Now Jcr.sey 5s in supply tho industrials. dropping a point to 102. Utilities were mixed. International Telephone 5.s uiined point to 22, while "American Telephone 5s (tipped almost a point to 90. PRODUCE 27 A Produce said, "though for the week were 5.412 tons, bids are beirm closed on the major portion of the San Francisco a bridge, taking I 117.000 tons: post office construction is facing res-Limed and highway work signs of recovery.

For a New- PITTSBURGH, Feb. nrk, N. viaduct. 3.500 tons of i shapes will be required shortly." Baldwins 1.K-I5; a 90; Hubbar'ris- tnns 85-JMl; Wnst Virjjiniii Homes 1.00: De- hctoiis 1. Maine Baldwin 4 1 00-10 Pot a Ions.

2-- cars; steady: 100 tb Clicks Green l.f5-15; New York i 90-35; Pennsylvanift Rurals P'lorida bushel ci'ates i 1.50- I Bituminous Output I Gains During Week WASHINGTON, Feb. 27 sharp increase in i i COP! in West i i i a for tlv- week ended February is reported by the a of i for week totaled 1,803,000 not tons, us compared i 1,487.000 tons for the previous wnek. Bituminous production in West Vir- wa --'knnff ff biggest and i ginia for the month of January ot mosquitoes are found tons 1932, Vnpe. bureau of mines reported. the C1NCINNATI, Feb.

27 tVP) --Produce- Packing stock. No. 2. i No. 8c.

fa 13c Ib. Kggs--Higher 'cases includerl i estrn firsts seconds 13c, nearby un- graded He, CBKS TREASURY RECEIPTS WASHINGTON, Feb. 27 7'reasury receipts for Feb. 24 were expenditures net balance $267,589,200.67. Customs receipts for the 24 days were $14,086,677.09.

ment against V. R. Shingler on a bad check charge. --Mips Helen Scott, cashier of the Central Life and Accident Insurance company, has gone to Owcnsboro, where she has accepted a position. --Miss Freda a of a a a Miss Mabel Cottrell, of a street, operations al, the i a hospital on Monday.

Pleas Term Is Begun; Docket Called Earlier i a of 71 actions set for trial by i the a term of common picas were Monday. A a i was started of the i of the i Savings and Loan company a a i Spurgeon Priestley Edens a others, for claimed on a note. Judge A. S. A a a a court convene each morii- inp; at i ih court had opened, at 10 o'clock on Mondays and 9:30 o'clock on other days.

The also has changed the procedure in a i docket of cases. The docket i be called each i by i i Clerk M. H. Hix, a a by the as was usual when Morgan Owen was the presiding i The confirmed the report of Ernt.si K. James, as special commissioner, in i of the Charleston a i a a as a i i a J.

W. Howard against D. E. i and others. LIBERTY BONDS YORK.

Feb. 27 A i liontlK p. 1. C12-17P 100.22. I32-17 100.31.

Fourth 101.H. Treasury (47-521 106 2 Treasury 4s. '44-51) 102.16. Treasury 3 14G-5B) 100.2G. Treasury PROPERTY TRANSFERS a a t'ounty John WiHimn Moore to Laura Moore part lotn 23 and 24.

rteCrtiylcr a i i A Ljivenrfcr and to Jmrtps n. LavcnfL'r, i acrc.s, district. high school teachers, to pay I'or supervision, exclusive of supervision of counties piiid for by the state, to pay for transportation of pupils to and from schools, largely in busses, to PERUVIAN BONDS DEAL REVEALED National City Company Sold Issues Despite Adverse Report, Probers Told WASHINGTON, Feb. 27 (AP)--Evidence thai the National City companv had participated in $15,000,000 Peruvian loan in 1927 when it had on tile communications from its representa- lives in Prru saying several bond issues of that government were in de- fiiult WHS presented today to the senate banking committee. Hugh B.

Baker, president of the company, said in response to questions ns Ferdinand Pecora, the committee counsel, placed the communications in the record, that thei'e was nothing in them lo encourage a loan. He testified that the National City company, the stock affiliate of the National City bank, handled $5,000,000 of the Peruvian bonds -which sold to the public at around $9G and now arc for $7 and a share. Pecora questioned Baker about procedure of his company in -floating security issues, particularly foreign bonds. Baker said he couid not recall the total oi' South American bonds sold by the National City company. The issues were always approved unanimously by the officers, Baker said.

trict board presidents on call of Ihe county superintendent and the presi- A last onased" regulating sale and a facture, and fixed date lor the new i amendment to become effective. The rcsoiution would replace the 3utcher repeal resolution. It was expected to be reported to the senate within a day or two, or possibly late Monday, by the senate judiciary committee. A proposal for a method of hold- ng the convention was outlined Monday in a formal statement by Senator Clyde Beecher Johnson, of Charleston. Asserting that it would be a i for the legislature to resolve itself into a convention.

Senator Johnson stated his proposal as present session of the legislature should call a convention to meet some time this year, not earlier than November 10, 1933. such convention to be composed of 124 delegates of whom two should be elected in and for each of the senatorial districts and ot whom one member should be chosen from each county of the state, upon Ihe same ba-is and apportionment as the present membership of the house of delegates, and to which convention shall be submitted the sole question of ratification or rejection of the proposed twenty-first amendment to the i i -in i i i to dents would constitute the county constitution of the United States board until new members are chose: 1( a the Thursday, were held Saturday Walnut Gap schoolhouse. Surviving are his widow; four daughters. Mrs. Raymond Cato, of Kanawha City; Mrs.

Fred Payne and Mrs. A. D. Stevens, of Charleston, and Lillian Crouch, at home; three sons, Roy Crouch, of Dana; Mitchell Crouch and Howard Crouch, of Riverside: two sisters, Mrs. Ida Ferrell and Mrs.

Powell Nunley, of Dana; and two brothers, Charles Crouch, ot Dana, and John Crouch, of Eagle. Charles Rywant Word has been received in Charleston of the death of Charles Hywant. at Neffs. a former resident of Dunbar and Charleston. Funeral services and burial were to be held Monday afternoon at Neffs.

Surviving are one son, Charles Rv- want. of Charleston: his father, William Rywant; five sisters, Mrs. Louise Simmons, of Neffs, with whom he resided: Mrs. J. C.

Morris, of Princeton; Mrs. Clara Spence, of Cincinnati; Mrs. C. M. Caldwell, of Lock Six road, and Mrs.

Robert Larabee, of Wevaco: two brothers Fred Rywant, of Davis creek, and Theodore Rywant, of Wheeling. Mm. Nellie Dunbtr Mrs. Nellie Dunbar, 41 years old, died Monday at her home at stop No. 8, Dunbar line.

She is survived by four children. The body was removed to tne Long and Josnson Undertaking company. Carte Infant James W. Carte. 7- week-old son of Mr.

and Mrs. Luther Carte, of Beech avenao, died Monday at home. Funeral services will be held at 2 o'clock Tuesday afternoon at the RcDce cemetery near Sis- sonvilJe. Andrew Spencer--Funeral services were held Monday morning at Mountain mission church in Stockton slrcet for Andrew Spencer. 59 years old, who died Sunday at his home i convention should be nominated in ihe Rev.

Owen Clendenin the six members would be elected for same proper manner as provided by Burial was in the family six years each: two would Ihe legislature, but probably by cemetery at Tupper's creek. conventions held i each county and ttvo daughters, two would be elected for two years senatorial district A. D. Smablin and Miss Susan Spen- each, and in all subsequent election: old. who died Sunday, will be held Cor each meeting attended- Independent school districts, under provisions in the bill, might become a part of a county unit, when the proposal is approved by the voters of the two units.

In the same manner, county units miRht apply lo become part of an independent district. Pastor Visits Municipal Court for Sermon Data A sermon the municipal court? There probably will be. if Rev J. B. Workman, pastor of the Central M.

E. church, carries out his plans. With that objective in mind he sat through a session Monday and watched Judge- D. Boone Dawson dispose of the week-end's collection of criminal and misdemeanor cases He was a highly interested spec- tutor. He came at the invitation of Mrs.

Goodwin Smith, police matron. $3,000,000 which later was increased to $5.000,000. The bonds were issued nt 98Vj with said slate convention. "The law should also provide thai no person elected a member of said state convention should receive any compensation for attendance thereon, save and excepl his or her actual expense for mileage at not to exceed 5 cents per mile for coming and go- at 1 o'clock Tuesday afternoon at home of a brother, Hoy L. Shamblen.

at 1611 Charleston street, where died. Burial will be in the family cemetery in Jackson county. Mr. Shamblen is former resident Fnyetle county. He is survived by nj.

which paid one daughter. Mrs. Thelrna Geiger, of half out of the contingent fund of the TM rle thrc sons Henry Sham- house of delegates and one-half out en a of the contingent fund of the state Shamblen. senate." BIRTHS Pecora asked about an isaue of $15,000,000 bonds for I'eru March 1, 1927, participated in by Ihe National City company'. Baker said the National City company had an original participation of profit to the seller of about 5 points.

The bonds are now selling between $7 and $8, Baker said. Vanrlalia Road Study Begun by Commission A condemnation commission appointed by the circuit court to report on the value ot lands on the Soulh Side, wanted by the Kanawha county court in the building of the Vandalia highway, organized at the county engineer's office Monday and went to inspect the premises. The commissioners A. D. MacCorkle.

Bernard Gates, Brooks Tallman, Henry Cohen and J. H. Humphreys will report to the circuit court. A hippopotamus killed in the water sinks to the bottom for several hours. It then rises with rush like a submerged cork.

Mr. and Mrs. Earl Lively, of 207 Glcnwood avenue, announce the birth of a daughter at the Mountain State hospital on February 24. Mr. and Mrs.

J. E. White, of Laidley street, are the parents of a son, born on Monday at the hospital. McDaniel, Thomas Back From Missouri Meeting Dr. L.

S. McDaniel. president of Kanawha college, and W. B. Thomas, an instructor in the college, have returned from Kansas City, where they attended a national meeting of representatives of junior colleges.

Dr. MeDaniel found there an interest among educators concerning the work being accomplished in Charleston and how a college without an endowment could be operated without a deficit. EVERYTHING 4 Plumbing fa Paints t'Elot trie Wholesale UPPLYCO. of Charleston; two sisters, Mrs. Hownrd Ellis and Mrs.

Virgie Silman. of Charleston threa brothers. Roy Shamblen. a deputy sheriff of Kanawha county; Karley Shamblen, of Charleston, and E. L.

Shamblen. of Pocataligo. Held in Dry Case Charged with the possession of liquor. Tale, a Negro, of Black Hawk Hollow, Monday was held to the federal grand by Federal Commissioner Albert V. Fitiwater.

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