davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Don't Know What to Do
With Surplus Billions

Wallprol has been pointing out with
out ceaze or letup that the burden
Of surplus values is lying heavily up
on American economic life. Workers
have been producing billions in re-
cent years, and getting only part
of it in return. The owners of indus
try have found it impossible to con-
sumo their profits made by explicit
ing labor. What to do with the huge
surplus, how to invest it, where to
invest it? That's been the problem.
Part of the solution has been in i'm
perialism in Latin America and Asia.
Automobiles and building, it has
been pointed out in this department,
have taken up a good part of the slack
since 1928. Repeated predictions Of
saturation point in both industries
have so far been disproved in fact
and Annalist, the New York Times
sage financial weekly, says that there
will be even more expansion in build
ing.
Why? Because of these surplus
values pressing for investment, in any
thing at all, whether needed or not,
just so there's some hope of return
on the investment. Continuing on
the general theme of easy money,
i. e. the billions of uninvested funds,
Annalist says:
"There appears to be no present
sign of any early and forced balanc-
ing of the accounts which have been
created in the last three or four years
by the phenomenal abundance and
cheapness CT money--otherwis bank
credit. 1t is possible to do much to
patch up specific unsound situations.
Yet there is perhaps some not easily
specified foundation for thinking it
probable that a considerable read
justment of this immense credit stu
alton will be forced upon US in the
not distant future"
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Small Farm Banks
Forced to Wall by
Continued Slump

This darned prosperity of ours has
some funny quirks to it. Just glance
if you want at the annual report Of,
the Federal Reserve Board, which you
can get by addressing the board at
Washington, d. C. You will find that
bank failures last year involved de-
positors of $2s5,O0O,OOO, or an in
crease Of $11O,O0O,OOO over 1925. $50
banks went bust, against 612 the year
previous.
The farm belt accounts for most
Of them. The board says that IL
states, all of them in the middle west
and south, accounted for 80 per cent
Of the failures. Nearly two thirds
Of the failures were Of banks with a
capital Of $4,000 or less. More than
half Of them were located in towns
of less than 1000 population. The
average bank that failed had capital
Of $4,000 and deposits of 100000
against the average for all banks Of
$4,000 and S1,900,000 respectively.
Two obvious morals can be drarn.
It's the farmer who's getting it in
the neck and it's the small bank that's
being squeezed out by the big ones.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
N. Y. TIMES--ORGAN OF BIC BUSINESS

workers and the labor takers in the
New York needle trades, the New
York Times has consistently received
its information from the reactionary
labor takers who are out to wreck
the cloaEmakers' and furriers' unions.
News Biased
These illustrations could be multi
piled adj infinitum. The New York
Times relentlessly injects its bias into
every piece Of news which goes into
the paper--sometimes consciously,
more often unconsciously. 1t does so
because it is the organ of big bust
ness and Intentionally or unintention-
ally expresses the big business point
of view.
Check Up With Labor Paper
1t is valuable, however, because Of
its widespread sources and its facili-
ties for news-gathering. The reader
who wants to know what's going on
in the world should be careful to
check up Times statements with the
reports that appear in a working
class paper like the DAILY WORK
ER.-H. FL
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Declining Prices
Giving Cat Fits to
Economic Wizards

Low prices, you would think, would
be boon to a country. But not un-
der capitalism.
The portent that is making econ
omists tongues wag nowadays is the
continuing decline in the price level,
coupled with firmness in the volume
of industrial activity. Last week for
example, the index of commodity
prices sank again. Wheat, cotton,
textiles, fuels, metals. and building
materials contributed to the reduc-
ton.
To the economists, the continued
drop means production. 1t means
that competition is depressing prices,
that industrialists are underwriting
each other. 1t is a warning signal,
like puffy breezes that run before the
summer storm.
Normally it is considered that in
dustrial activity is accompanied by
an increase in the price level. The
manufacturer estimates his goods will
cost him so much to produce, but by
the time they're ready for the mar
ket, prices have gone up, representing
clear margin of extra profit to him.
He keeps on expanding, in the hope
that the increasing prices will agree
ably put more in his pocket than he
had planned. And then when the
whole machine is finally going top
speed, there comes the crash. But
the process in the last two years has
been quite different, and the wise
guys at Columbia and Harvard have
not quit scratching their heads about
it yet.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21

Editor: Daily Worker:-May we
ask you to settle a friendly contro-
versy about the merits of the New
York Times?
What is your opinion of the New
York Times as source of informa-
ton for the general public? What
also-is its capitalistic and imperial
istic trend if any?-Matthew r. Roth
berger, Los Angeles.
The New York Times is the best
capitalist newspaper in the country.
1t carries good varied news, which it
presents from a capitalist point of
view. It's bias, tho often yelled in
sober and dispassionate-lo looking
phrases, is implicit in every line.
Anti-Russian SANDERS
There are innumerable illustrations
Of the Times's capitalist-imperialist
bias. News from Russia, until the
last two or three years ago when
business men became interested in
Russian trade and concessions, came
as a rule from Riga, and expressed
the most vile and ridiculous ISLANDERS
against the Soviet Republic.
Chinese Sympathizer Fired
A more timely illustration, perhaps
is the appointment Of Frederick
Moore, a rabid anti-Nationalist as
China correspondent. 7. F. Willard
who formerly held the job, and who
was fairly sympathetic to a united
bourgeois China was dropped fol
some mysterious reason as soon as
the Nationalist movement assumed
impressive proportions.
In the fight between the militant
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
American
Economic Life
BY WALLPROL.
COAL AND COTTON BULK OF PROFITS
WEAK PROPS FOR IMPERILLING BOSS
PROSPERITY BLAH ECONOMY IN U. S.
Iron, Steel and Autos
Still Below Normal

The business prophets are kidding
either themselves or the public. In
view of the apparent chronic nature
of professional American optimism,
they may be doing both.
Right now they're pointing to the
index of business activity as a sure
sign that things are humming in
America. They fail however to an
alyze the factors making for the re-
turn Of business activity. Otherwise
they would pipe down bit on some
OF their more blatant blah. Let's
take look at the figgers ourselves.
The average of activity since 1919
is 100. Here's the table:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21

Thus the black plague Of peasantry lays waste the
hopes Of toing farmers thruout the richest section
of the land Turnout vast of Montana, the Da-
kotas Arkansas and Texas the fveyear increase, 1920
25 in the proportion of tenant farmers to owner farm
ers is than 10 cent In other great areas the
increase has been more than ten per cent
Leland olds of the Federated Press in reviewing the
governments statistics, points out that The increase
IN tenant farming is large in of these states
particularly those where prior to 1920 there rela
lively little tenant farming In Montana the proper
ton Of tenants to all farmers increased "a per cent
between 1920 and 1925 in Idaho the increase 535
per cent in Colorado 34.3 per cent, in North Dakota
342 per cent and in South Dakota 30 per cent In all
these states enumerated above) except Kansas
Louisiana and Minnesota, the increase over 10
cent
Even So the figures are bolstered up on the side of
the profit system by the fact that large numbers of
workers have been forced into the suburbs of the
great cities to become small farmers, to work during
their spare time and thus supplement their meager
earnings in industry In the mine areas especially
increasing number of coal miners being forced to
take up farming as a side line in the struggle for
existence.
The New York Herald Tribune writer contradicts
himself when, in the closing sentence of his article, he
confesses
"There is considerable third party talk among poll
ticans, but popular response has appeared"
The New York journalist, Of course, came west too
late to attend the gathering ct Minneapolis Minnesota,
in December that organized the Progressive Farmers
Of America in response TO the popular demand of large
numbers Of dscontented farmers. This gathering re-
solved:
That this convention Of the Progressive Farmers Of
America go record recommending the building of a
Farmer Labor Party state and national which stands for
independent political action Of the farmers and workers.
who have to fight the oppressors not only outside
but also inside their ranks
THAT we urge the continued cooperation Of farmers
and workers of Minnesota politically
It may be taken for granted that the harder the CAPT
talst daily organs Of the East yell for Coolidge the
more they feel the growing strength Of the drive Of
labor for independent political action On that basis the
screams of the New York Herald-Tribune should be
music indeed TO the victims of greed in the Mis-
sissippi Valley. The third party must be the Labor
Party
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Letters From Our Readers
Times Change.

Editor, Daily Worker:-Times have certainly changed
seems only like yesterday when speakers for the
ciast party eered and booed the street
where meetings hed-especially in some of the
western cities and towns where the large corporations
control the municipal governments entirely.
In those days Spies police gangsters etc. were en-
poyed by those in power in breaking up meetings. ar
resting the speakers and prosecuting radicals in
but 10 and behold the work done by these aceys of the
capitalists is now efficiently performed by adherents Of
the Second International who have turned their backs
against the class struggle and the cooperative common
wealth its final goal and showing their true coors
by joining hands with the reactionary officials of the A.
F. Of L. and Wall Street in attempting to retard the
work of the only true party of emancipation the Work
ers (Communst) Parity. J. NJ, Brooklyn.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21

The first thing that's proved by
this index is that business is picking
up after the bad slump of December
and January. The combined index
shows 1899, or 3.9 per cent better
than the average for the postwar
years.
But look at coal production, 25
per cent above normal. Look at cot
ton consumption, nearly 16 per cent
above normal, representing in effect
the misery of over-production which
is pauperizing the southern cotton
growers. And look at freight car
loadings, slightly above normal be-
cause of the enormous coal tonnage
being carried in anticipation of the
strike.
Coal Production To Drop.
Does anybody imagine that either
coal production or car loadings will
be above normal after April l, strike
or no strike? Wallprol has pointed
out before that whether there is a
strike or not in April, the coal indus
try will be in bad way with surplus
stocks estimated at S0,000,000 tons
flooding the market. In fact so far
as coal production is concerned,
things will be good bit worse if
there is no strike.
Look again at the chart. Notice pig
iron, steel ingots, automobile produc-
ton. In addition, steel trust book
ings are still only 65 per cent of
capacity, compared with 90 per cent
4 last fall and shipments 80 per cent.
Wallprol is not predicting any de-
cided slump in industrial activity
this year. While there are plenty
of factors which make decline seem
very probable, production may hold
up, what with the stimulus of bill
lions of dollars in surplus values
crying for investment and thus slim
ulating activity. On the other hand
predictions of a continuance of 1926
conditions are plain bosh. The only
things that certain is that sooner OF
later, and probably not many moons
away, we're due for a frightful crash
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Robt. Weiner Must Die.

For his part in the Tombs escape
plot last fall, in which a fatal battle
was staged in the Jail ard between
convicts and guards, Robert Weiner,
25, must die in the electric chair.
After celebrating six hours a jury
in Judge Mancuso's part of General
Sessions yesterday found Weiner
guilty of murder in the first degree.
He will be sentenced next Thursday.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Nearly $4,000 Auto
Workers Are JObless

The slump in Detroit can be seen
at glance here. In February, there
were 223,000 reported on the payroll
against 100000 in February, 1926.
Some $4,000 more workers looking
for jobs in one city alonel A majority
Of the decline is in the Ford plants.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
THE ANSWERS.

Richard Hong, 1906 Broadway, restaurant employee:
Eyes. American interests well protected by the
Nationalist. There is why Americans should
interfere in Chinese affairs. have faith in the Kuomin-
tang movement and believe that the Chinese people can
take of their country themselves"
Anthony Isoldi, 104 Bayard street. printer: "No Why
should We? We have Americans living there and they
should be protected"
Chinese student (who refused to reveal his name :
eyes America should withdraw its troops. The people
of China are in sympathy with the Nationalist move
ment. The only opposing it the foreign bust
interests"
Mrs Chu, IL Cathham Square, stOrekeeper "The
United States should leave China alone the Chinese
fight it out themselves 1t is civil war and should
not concern other countries"
L. Chong, 81 Mott street, laundry worker: eyes The
presence of American troops might provoke trouble
Nothing has occurred in China yet to warrant Americas
interference"
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
The Daily Symposium
Conducted by EGDAMLAT.
THE QUESTION.

THE QUESTION.
Should the American people demand the withdrawal
of troops from China?
THE PLACE.
Mott and Pell streets, Chinatown. 4
THE ANSWERS.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1927-03-21
Labor Hath Its Rewards.
Literary Note.

Literary Note
Denounce the tablods you WILL yet this observa-
ton bears the weight of axiom-none of them can
hold scandal to theatrical gossip sheets.
Milford chronicle., 1927-09-02
Cokesbmy

Many of our young people fror
this vicinity attended Laurel Cam
on Sunday evening. :
Miss Mary King of Piney Gr1v
was a recent guest of Miss Mysrtl
Messick.
Alton Isaacs SaM. S. vii
friends in TiAlr
- ste
ne
boz
Milford chronicle., 1927-09-02
Pennington

Now that vacation days are over
many of our citizens have returned
home again, with happy smiling
faces, renewed vigor and determina-
tiOn to start the tasks which lie be-
fore them and carry them to a sue
cessful finish.
Among the number returned are
Mr.. and Mrs. Charlie Walker, Mrs.
Anna Workman, Mrs. Mary Hatfield,
Rev, and Mrs. James O'Neil.
Mr. and Mrs. George Harris of
Wilmington are spending ten days
with Mr.. and Mrs. Ernest Hopkins.
Mr.. and Mrs. Z. G. Jackson were
recent callers at thN.home Of A. E.
Walker.
Dudley Walker, wifi son, also
Mrs. Emma Carpenter ed Mrs. A.
E. Walker Sunday.
Rust Sammons who BIS thrown
from a running manuiV spreader
last week and received an ugly
wound in the leg is recupgating and
getting along nicely.
Services Sunday: Saleu M. E.
Church, Sunday school at ):30 a. m.
Preaching, short sermon o Sunday
school 1920. Subject Selling a Boy
Preaching 10:45. Theme Tae Visio1k
Beautiful. Evening, song iervice aft
1880 p. m. Preaching 7:45p. m. Tthe
Seven Wonders of Heavel All fare
welcome to these services. Comde, let
us labor for Him.
Milford chronicle., 1927-09-02
Cedar Grove
(near Lewes)

The Ladies Aid of Ebenezer Church
will meet at the home of Mrs. Vergie
Webb Tuesday evening, September
9Th.
The funeral of E. L. Warrington
was held at his home at Midway on
Monday afternoon. He leaves two
sons, Leland and Frances, both of
Midway. Mr.. Warrington will be
greatly missed in this community,
especially in the church where he
was always faithful worker as
long as his health permitted.
Mr.. and Mrs. Thomas Hudson and
children spent Sunday with Mr.. and
Mrs. Roy Dorman.
Miss Edna Fisher of Philaa aaelphia
is spending sometime with Mrs. B,
w. Maull.
Mr.. and Mrs. Thomas Hort and
son Spencer and Mrs. Matilda Hort
spent Sunday with Mr.. and Mrs.
Scott Hort of Lewes. -
Mr.. and Mrs. R. E. Lynch and two
grandchildren spent Thursday of last
week with Miss Ann Dodd of Reho-
both.
Milford chronicle., 1927-09-02
Houston

Church news for Sunday, Septem'
Der 4: Sunday school $3.50. NJ r.
Moore, superintendent. Preaching by
Rev. Benfer, 1920. Class meeting
Immediately after preaching. Ep-
worth League 7:15. Leader, Dewey
Sapp. Preaching 8 p. m.
Rev. Benfer will preach at Laws
at p. m.
The stork visited tbAe home of Mr..
and Mrs. Thomas CAhall on Friday
morning and left them fine daugh-
ter. The new Miss is to be called
Jessie Mildred. Mother and baby are
doing fine.
Mrs. Zack johnson is visiting rel
atiYes in BuHfrsville, Md.
Miss Gladys Thistlewood was the
Sunday guest of Miss Garnet Lofland.
Mr.. andd Mrs. Raymond Dixon,
daughter/ Cecilia and son Raymond,
Jr., and/ Mrs. Norton of Camden, N.
j., have been spending several days
with IMr. and Mrs. Roy Downes.
Herman Holstein and family spent
thef weekend with his brother at
MILTON.
Mrs. Rena Pleasanton is visiting
with Mrs. William Coulborn.
Mrs. Eugene Sharp was Milford
visitor on Tuesday.
Miss Agnes Johnson of New Lis
bon, N. j., is visiting Mrs. Franklin
Slaughter.
Mr.. and Mrs. Herman Marvel and
daughter Hazel, Albert Smith and
grandson of Philadelphia, and Mrs.
Emma Marvel spent Tuesday of last
week at Rehoboth.
Mrse Charles Hurd has been enter
tanning her sister from New York
City.
Rev. and Mrs. Thomas and son
Ronald spent the past week with
Pennsylvania friends.
Bradford Oulin of Centerville, Md,
was circling around among friends
on Sunday.
Milford chronicle., 1927-09-02
Franlxford

Charles R. Davis, cashier of the
First National Bank of Frankford
has announced the engagement or
his daughter, Miss Ruth Elizabeth
Davis, 1916 North Judson street,
Philadelphia, to Edgar D. Peoples, of
Stamford, Conn.,, formerly of Wi
mington. The bride is widely knowL
throughout lower Delaware and has
a large circle of friends. She has
many relatives throughout the state.
The groom is we'll known in New
Castle county.
AS a memorial to Colonel Armwell
Long, of Frankford, who served in
the Revolutionary War with General
George Washington and whose body
rests in the old Long family burial
ground near Frankford, public
cemetery is to be made out of the
family plot within the near future to
be known as the Colonel ArmWell
Long cemetery. A committee has
been chosen to look after the laying
out of the memorial cemetery, con-
sisting of former State Senator Asa
Bennett, Captain John H. Long, DR..
Francis M. Gum, Captain Ward W..
Dasey, John H. Layton, of Frank
ford; H. P. Layton, of Georgetown;
William ]. P. White of Millsboro.
The family burial grounds date back
to the Revolutionary period, Colonel
Long being one of the first to be in
TERED. At the close of the Revolu-
tionary War Colonel Long returned
to Frankford where he resided for
several years. The tract of land sur
rounding the family burial ground is
owned by L. L. Layton, who proposes
to donate enough land to the COM
mittee to make it one of the largest
cemeteries in the southern section of
Delaware. A fund is to be maintained
for the permanent upkeep of the
cemetery, which will be raised by
private subscriptions and from the
sale of burial lots. Public spirited
citizens of Frankford and commun-
ity have for some time been consid-
ering the idea of making the Long
burial ground public cemetery and
a memorial to Colonel Long and
their hopes are at last to be realiz-
ed.
Soldiers from five wars of the
United States are buried in this
cemetery.
Under the direction of a represen-
tative of the Gridley Art Company,
the Frankford Club gave an art pag-
cant entertainment and art exhibi-
ton Monday evening in the theatre
The affair was very good and was
very much enjoyed by large audi
ence.
The school properties are being
put in condition for the opening of
school Tuesday morning.
Mrs. Ward w. Dasey entertained
at dinner bridge on Tuesday eve
ming. Mrs. Elizabeth Carey Phillips
of Washington, D. c., won high
score. Mrs. H. Burton Sheppard won
second score. Mrs. Morgan T. Gum
won third score. Mrs. c. E. Timmons
won low score. Mrs. James Milby
cut the lucky card.
Mrs. Roger Addy of Bethany Beach
and Pittsburgh, entertained at a |
bridge luncheon at her cottage at
Bethany Beach on Wednesday after
noon. Mrs. Geo. R. Trimble of Sea-
ford and Bethany Beach won high
score. Mrs. T. NJ. Heath won second !
score. Mrs. S. Leroy Layton was
consoled with deck of playing
cards. Mrs. James Milby cut the
lucky card.
Milford chronicle., 1927-09-02
WestEnd

Mr.. and Mrs. James Webb and sons
and daughter of Blades spent Friday
afternoon with Mr. and Mrs. Norman
T. Webb of Greenwood.
Miss Bernice Rogers has returned
home after spending a few days with
Mr.. and Mrs. George Denney at Mil
ford.
Mr.. and Mrs. William Houseman
and son David of Wilmington spent
Saturday and Sunday with Mrs.
Houseman's parents, Mr.. and Mrs.
William Anthony of Greenwood.
Mrs. Florence Langrell and daugh-
ter Eleanor have returned to her
home at Wilmington after spending
a week with her parents, Mr.. and
Mrs. c. W. Andrew of Greenwood.
Miss Orphia Warrington and sis
ter, Mrs. Kathryn Algard, spent the
weekend with her sister, Mrs. Hy-
land Galloway.
Milford chronicle., 1927-09-02
Long Neck

and Henry Warrington ar
over the loss of their beau
lie dog which had the mis-
'Ie to get killed by a passing
list.
and Mrs. Louis MCGEE of Nil
Eere Sunday visitors with Mr.
frs. Ward MCGEE.
and Mrs. V. P. Burton anC
spent Sunday at Ocean City
and Mrs. H. R. Downs of Jer.
'tv spent Sunday with Mr.. an'
R, Lingo.
|. Emma ]. Warrington of Phil
bia is spending her vacation
ber sister, Mr.. and Mrs. Frank
and Mrs. Geo. Warrington re-
entertained Mr.. and Mrs. An
BARBER Of Philadelphia.
and Mrs. Frank Parsons ant
+er Edna, Mr.. and Mrs. Albert
Miss Emma J. Warrington
.Iadelphia, George Hazard and
Is IS Moore spent Sunday al
city, Md.
ond Mrs. J. D. Warrington
family reunion at Oak Or
on wednesday in honor OF
|orother, Mr.. and Mrs. VIM.
eton and family of Brooklyn,
Those present were Mr.. and
p Warrington, Mr.. and Mrs.
Hickman and family of Har-
Mr. and Mrs. Walter War
MIR. and Mrs. K. o. War
MIR. and Mrs. Otho Pepper
|rtley, Mr.. and Mrs. Marvin
of Harbeson and many
They enjoyed all good things
of the season, and all report
4;nq IN a very enjoyable day. It
1wish of their many friends
Sev have another such next
Milford chronicle., 1927-09-02

Mr.. and Mrs. Dewey Sapp, Mr.. and
Mrs. Irving Vienot and Mrs. Marga-
ret Sapp were Rehoboth visitors on
Sunday.
Mrs. Josephine Capehart of Mil
ford and Mrs. Margaret Sapp spent
Friday with Mr.. and Mrs. Henry
Sapp.
Rev. and Mrs. ]. D. Reese visited
Mrs. Reese's sister at Maridella
Springs on Sunday.
Milford chronicle., 1927-09-02

The definition of violent exercise
depends largely on whether you
think it necessary to NOW the lawn
or feel free to play golf.
Seward daily gateway., 1927-03-15

Seward Weekly Gateway 13 pages.
Seward daily gateway., 1927-03-15

Mems shoes resoled, heeled and polished $2.75. Seward Leather Works.
Seward daily gateway., 1927-03-15

Scheaffer's Lifetime Pens and Pen
 cils. Schallerer's Alaska Shop.