Monday, Aug. 22, 1932
"Names make news." Last -eek these names made this news:
Oliver Wendell Holmes, retired patriarch of the U. S. Supreme Court, found that Federal economy measures have reduced his retirement pay from $20,000 to $10,000 a year. To the Broad Street office of Richard Whitney, President of the New York Stock Exchange, went bald, spindly Author Chester Werntz ("Chet") Shafer, Grand Diapason of the Guild of Former Pipe Organ Pumpers, nonsensical organization of men who, as youngsters, used to pump wind for church organs. Grand Diapason Shafer wanted to consult Pumper Whitney about two shares of Burma Corp. Ltd. ("Burma Lead") which he had bought at $5.50 for the Guild on a "hot tip" in 1929. Last autumn when the Guild's exchequer was lower than usual and the stock was quoted at $1.87, he decided to sell. In order to escape paying the $5 commission on an odd-lot transaction he wrote to Pumper Whitney, asked him to handle the sale. He explained that the public spirited Guild was reluctant to dump its holdings upon the open market. Gravely Mr. Whitney replied that a 1/4point advantage would be gained by selling on the London Exchange. Shafer agreed, pointed out that since Pumper Whitney was soon going abroad he could easily act as the Guild's agent. Mr. Whitney was sorry; the Senate "bear hunt" had upset his plans to travel; but enclosed was a $5 bill for the stock--a generous price. Grand Diapason Shafer remitted the shares. Recently Shafer received from Guaranty Trust Co. (Manhattan transfer agent of Burma Corp.) its check No. 905C2778 for 4-c-, representing "an interim dividend of 1 anna per share, plus a cash bonus of 1 anna per share, free of British and Indian income taxes, payable in sterling in London." Last week Grand Diapason Shafer wanted to know who was entitled to the dividend--the Guild or Pumper Whitney? Mr. Whitney's secretary would investigate. He replied by mail, enclosing a voluminous copy of a court decision showing that the 4-c- was rightfully Mr. Whitney's. Unconvinced, Grand Diapason Shafer appointed a board of arbitrators including Pumpers Kenneth C. Hogate, vice president of Dow, Jones & Co.; William David Vincent, president of Spokane's Old National Bank & Union Trust Co.; John Comstock Hegeman, Manhattan skyscraper-builder; Grand Fagotto Richard West Saunders, advisor of Manhattan's Chemical National Bank.
After a long search Warsaw police found Patricia, 4, daughter of U. S. Consul Stewart Earl McMillin. She was sitting patiently in a restaurant. A strange man had accosted her in a park while her nurse was not watching. Shrewd, hungry, he had taken her to the restaurant, consumed a hearty meal, told the proprietor he had forgotten his purse, left the child as "surety" while he went home for money, never returned.
A Los Angeles court discharged an $82 judgment against Noah Beery, cinema villain, when he declared himself indigent. Said he: "Yes, I own Paradise Ranch. And yes, there are fish on it, but the income from the ranch isn't enough to feed the fish." He said he had only 19 days film work this year; that his huge stickpin was glass.
Visiting the Royal Hospital & Home for Incurables at Putney, George V noticed a cage containing a pair of love birds. Said His Majesty: "I have some love birds. I am very glad to see the patients are allowed to have such things."
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