davidaulloa/AmericanStories huggingface dataset:
Evening star., 1927-04-29

ception Academy; Hester Althea An
derson, st. Cecilia's Academy; Helen
Cogan, st. Paul's Academy; Margaret
Bernardine Heister, Holy Cross Acad-
emy; Laura Margaret Murray, I'M
maculata Seminary, and Godfrey Bar.
Der, St. Adams School for Boys, all
Washington schools.
School champions, continued: Emily
Davis, Mechanicsville, (Md) High
School,; Mary Catherine Sterling, st.
Mary's Academy, Leonardtown, Md;
Andrew G. Gonder. Charlotte Hall
tMd) School; De Sales Mudd, Notre
Dame High School. Bryantown. Md:
Charlotte Mason, Lackey High School,
Indian Head, Md. Robert Fl. DuvalI,
Baden (Md) High School; Helen VIII
knson, Montgomery County High
School; Rockville, Md. Mary Fristoe
Stewart, Silver Spring (Md) High
School, and Elizabeth Colonel, Laurel
(Aid) High School.
Henry Gordon Herrell, Haymarket
(Va) High School; Frederick S, Lein-
bach; Swaveley School for Boys, Man
assas, Va; Mary Shreve, Falls Church
tNa) High School; Reba Frances Cupp.
Fairfax (Va,) High School; Evelyn Ber-
ry, Lincoln (Va) High School; Sarah
Shear, Ashburn Wa) High School;
Vincent Astor Schermerhorn, Frank
In-Sherman High School. Mclean.
Va; Jennie Ward, Lee-Jackson High
School Alexandria. Va: Harmon
Francis. George Mason High School,
Del Ray, Va
Douglas Griesenmer, jr., Bethesda
(Md) Junior High School: John Gil
bert Gott, Dickerson (Md.) High
School; Arthur Leonard Watkins,
Gaithersburg (Md) High School; Eli
nor Dorothy Hartn Il, Brandywine
tMd) Hlgh School, and James Henry
ShreVe, n, Surrattsville High School,
Clinton, Md.
One County Champion.
County champion-Mary Shakel.
tord Pattie. Manassas High School.
Prince William County, Va.
6roup meeting winners-Janet
Sheppard, Holton Arms School: George
McCallum, Dewitt Preparatory School
Tor Boys; John Edgar Chadwick. St.
Johns S College, all Of the Washington
private and parochiaI schools district
Group winners continued-I,ansda1 la
Clagett, Marlboro Md.} High School,
won at Marlboro Hugh Francis
owens, Georgetown University Pre-.
paratory School, Garrett Park. Md
won at Rockville; Mark Winton
Woods, Hyattsville CMd.) High school,
won at Hyattsville, and John Richard
Hardesty, McDonough Institute, La
PIata. won at La Plata, all of the
MARYLAND schools district.
Group winners OBSERVATION-DISCLOSURES Z
Collier Brown, Oakton High School
won at Falls Church, and Carrie Tracy
Lucas, Herndon High School, won at
Leesourg.. both of the Virginia
schools district.
Evening star., 1927-04-29
ROWE. Denarted this Iife Wednesday. April

q. 1927. at 1895 am; PHILIP B; BOWIE;
devoted son of the late Edward 7. and
Caroline Bowie. beloved husband of Rose
f. Bowie (nee Robinson). father of Hya-
cinth +. Bowie he also leaves devoted
brothers. William r. and Thomas f.
Bowie Funeral from the residence of his
mother-in-law Mrs. Mary e Robinson.
34s E St. sw., SUNDAY. May l. at 1 30
O'clock. thence, to Providence Baptist
Church NJ st. between II and 9th SITS.
s.w.. Rev, A. Sales officiating Relatives
and friends invited to attend.
No one knows how much we miss you.
No one knows the love you gave.
But we know that God has blessed you
Evening star., 1927-04-29

LANHAM. Departed this life Thursdav
April IS 1927 at am. GEORGE NJ.
devoted husband OF Sallie Lanham. son
Of Charlotte Lauham aud brother y
Bessie Elder Remains resting at John T.
Rhnes & Co funeral chapel. Bird and Eve
s.w, Funeral sunday. May !. at I pm.
from Ashury Church, Rev. Gcorge Jenklus
officiating so
Evening star., 1927-04-29

at the home of her brother J. Carey
King, 5000 16th St NV ADELA w,
wife of Harry G. Burial. Funeral from
her late residence on Saturday. April 30
at L pm. Interment at Loudon Park
Cemetery, Baltimore. Md. at 4 pm.
Douglas daily dispatch., 1927-01-01
BY PATRICK E. CROWLEY
President New York Central Line


"The railroad situation as whole
is more satisfactory than it has been
in a long time AS the roads have
prospered they have been able to give
better service, and there is on the part
of the public, the shippers and the
companies, a growing feeling of reci-
proca1 satisfaction over the situation.
"The most pressing problem con-
fronting the railroads is the necessity
for making pursuant to the jurisdic-
tion of the public authorities, expendi-
lures for improvements which do not
enhance the capacity of the property
and do not in themselves yield sus-
tanning return. The railroad is viewed
from reglative and legislative
standpoint as a public institution from
which it seems expedient to exact
many things beyond those required to
convey persons and property; yet it
must survive as business, if it sur
wives. This is an anomaly which re-
qures that the business, if business
it is, must absorb burdens as part
of it's current existence from which
other forms of enterprise are immune
"The indications are, however, that
1927 will be a year that might be
termed generally satisfactory so far as
the railroads are concerned, in that
the prospects for the volume of traffic
do not, at this time, present any un-
usual outlook. From the information
we can gather, there are no bad spots
in business in our territory. There
has been a little slowing up in some
lines, but, generally speaking, the out
look is favorable.
Regarding the outlook for net
earnings, there seem to be a few con-
ditiors, other than wage increases re-
Gently awarded, that should encroach
upon the net earnings, assuming the
Continued on Page TEMP
Douglas daily dispatch., 1927-01-01
BY ADOLPH luxor
President, Famous Players Lasky
(.NrnOrHfiOn


"This country is in good economic
condition, and in 1927 1 think its
prosperity will be on an even sounder
basis than ever before.
"The reason for this, to my mind
is a change in the mental attitude
of Business concerns and individuals
themselves During the war and in
the years that have followed, the
United States went through period
of unprecedented activity. People
were making money fast and spend.
ing it at the same pace.
.'In the last two years, however,
particularly in the year now ending,
we have been outstanding our re-
sources we have become more con
@servative This applies not only to
industrial and commercial enterprises;
it is also true of most of our citizens
in the handling of their own private
when they spend money, they dc
so more intelligently; they demand
greater value in return. Business
is usingS more care and foresight in
it's expansions, it is watching its
4future commitments with more
jealous eye. In other words, it is
consolidating its position with the
thought of holding on to the gains
il has made.
'To me, this augurs we'll for the
continued prosperity of the country,
and 1927, l think, will see us all or
a better foundation than ever before.
Douglas daily dispatch., 1927-01-01
Conservative Optinlisnak Keynote
OF Business Forecast for 1927

"The remarkable gain in prodpc-
ton has been due mainly to the
development Of three major pools in
the latter half of the year. THESE
are Panhandle and Spindletop. in
Texas and Seminole in oklahoma.
How important they have been in
affecting the change in the statistical
position may be judged from the fact
that they were doing only 10000
barrels on July / and by Thanks
giving were producing $4,000 bar
rels daily
"Even with this new top for pro-
ductfon, it is the expectation Of the
Industry that stocks of crude and
products on hand at the close OF
this year will be reduced 15,O0O,Oo0
barrels. If so. this. viii be the first
time that any inroads have been
made upon the country's huge re-
serves since 1913. In the past seven
years stocks above ground have in
creased by 35O,00O,OO0 barrels,
"The industry is steadily progress
ing in its effort to increase the
amount of gasoline obtained from
each barrel of crude. To date this
wear the average gasoline yield has
been 35 per cent, an increase of
nearly 2 1-2 per cent from the aver
age for 1925. This is mainly ac-
counted for by the rapid spread of
cracking processes. In the first nine
months of the year there was pro-
duced in the countrys refineries by
cracking a total of 64,700,O00 barrels
of gasoline against 5O14O,0OO for he
corresponding period of 1925. The
actual increase in gasoline obtained
by cracking was therefore more than
80 per cent
"'Ehis, to my mind, is at once both
the significant and the more re-
assuring single factor in the prob
lem of the adequacy of petroleum
supplies to meet the increased needs
of She future"
Douglas daily dispatch., 1927-01-01

built up to it's present proportions on
the basis of a fixed European. demand
for is products.
'''Fhe worlds economic structure is
so sensitive that we cannot always be
sure what week or month will
bring forth but judging by conditions
as they now present themselves, | have
every confidence that the coming year
will be h prosperous one for the cop
per Industry. With the operation of
Copper Exporters Inc, it is expected
to bring about better general work
ing conditions in the European market,
so long influenced adversely by
speculative interests. With the con-
sumption Of copper in the United
States continuing to increase, there is
little at home to cause apprehension
During the first ten month"; of
the current year shipments of refined
copper exceeded refinery production by
Approximately 20,OOO0OO pounds. 1t is
true that during this period exports
fell off from the 1925 average by about
12,000,000 pounds a month but against
this we have the encouraging fact that
domestic consumption has been exceed
pounds a month. The figures for
November and December are not yet
available, but if the averages for the
first ten months are maintained for
the balance of the year, shipments Of
American copper will show a substan-
tial increase over 1925, which was a
peak year for peace times in the cop
per industry.
For the past five years there has
been a constantly expanding demand
for copper and copper products in the
United States. This has been due in
part to the main consuming Industries
electricity, automobiles and building
but a very largely increased ton
mage is accounted for by the smaller
consuming industries, such as radio,
electric refrigeration, washing. ma
chine, brass pipe, lighting rods, hot
water heaters, locomotives, marine
piling and others.
There is no Indication of this de-
mand abating; on the contrary there
is every evidence of steadily increas-
ing requirements"
Douglas daily dispatch., 1927-01-01
& BY CHARLES Nj. SCHWAB
Chairman OF the Board of Directors,
bethlehem steel Corporation

cat no time in history have the
people of an entire nation enjoyed
the prosperity prevalent in the United
States today At no time have people
dreamed of the universal use of
luxuries which we accept as our
tirthright Our material prosperity
is astounding, so remarkable in fact
that business men are coming from
all parts Of the world to study our
methods.
1--WE still have many problems be-
fore us. Our very prosperity makes
foreign manufacturers cast envioua
eyes at ourSs markets. To maintain
ours markets and our present high
wages with reasonable profits fer
manufacturers we must realize ef-
fieiency and economies upon a pro-
gressive scale, not merely in produc-
tion, but in marketing methods as
well.
Both in industry and in agriculture
there must be cooperation among
the factors involved to an extent
never before considered necessary or
even desirable. Farming must be
conceived on a more scientific basis.
There must be greater intVgration
of agricultural producing units. We
must apply to our fields the methods
of large scale production which have
been successful in our factories.
Waste in marketing must be minum.
lied on the farm as we'll as in
industry
''These things can and will be done
through the cooperation of heads of
industries, farmers, bankers, Wall
street men and ranchers. We have
the greatest country in the world and
with intelligent effort, a feeling Of
humility and with faith in one an
other nothing is beyond the power
of achievement"
Douglas daily dispatch., 1927-01-01
w. c. TEAGLE

President, Standard Oil Company, NJ ~
with perversity that was nicely
timed, Nature released fresh flood
Of new crude oil production last
summer, just as large section OF
the public had become convinced that
we are practically at the end Of
our oil resources.
"There is no major business activity
so hard to forecast as crude produc-
ton. No sooner do experts complete
their charts and commit themselves
to predictions than some httle-co
sidered area is sure to break loose
with, lot of oil.
"In the past year there was good
reason in the early months to look
for substantial decrease for the
12 months period compared with 1925.
The first six months loss amounted
to $4,000 900 barrels. Now it appears
that not only has the deficiency OF
the first half year been overcome
by increased production in later
months, but it is practical certainty
that the total yield for the full year
1926 will exceed that for 1925 by a
substantial amount and in SO doing
establish another new high record
for the United States, above $765,00Qso00
barrels. j.
With the record breaking output,
increased imports and seasonal de-
cline in consumption, a large amount
of current production is now going
into storage. Nevertheless, and taking
into account the recent reduction in
posted prices, the producer is ayerag-
ing eight cents a barrel more in his
mid-continent production now than
he was a year ago For all the light
crudes produced in Kansas, Oklahoma
and Texas, an average of 3S cents
a barrel more has been paid so far
this year.
Douglas daily dispatch., 1927-01-01
BY CHARLES L. MITCHELL

BY CHARLES l.. MITCHELL
President National City Bank Of n. "
"The year 1926 has been one, OF
comparative stability in banking. Fo"
over decade the financial world
has been tossed about ain sea Of
alternating Initiation and deflation
caused by war and great shifts OF
gold on scale heretofore unheard
of. Gradually the effects of tha
war are clearing away and banking
conditions the world over are getting
back to nearly normal
in this country, commercial de-
mands have tshown a healthy expan
sion during the past year, in keeping
with the activity of industry, but
there. is nos evidence of borrowing
to excess. In fact, the conspicuous
feature of the present situation has
been the ability of business con
Germs to finance themselves with COM
paratively little recourse to bank
credit. Such increases as have oc-
Cured in commercial borrowing have
been offset 5in part by a decline il,
bank investments and security loans
so that the year closes with but
a moderate advance in total bank
credit outstanding over the levels
prevailing at the beginning Of the
year.
Concern has, been expressed in
some quarters over the present large
holdings of Mbanks of securities and
collateral loans which are ineligible
for rediscount or pledge at tha re-
serve bankss The expansion of these
holdings in@ recent years has been
due largely to the fact that gold
imports have caused supplies of funds
to increase. faster than they could
be absorbed 3in thes ordinary COM
mercial channels, so that banks have
had no other. alternative than their
employment id the security markets
The problem Of maintaining liquidtty
should engage the attention of all
bankers, but there is no evidence that
the banking position thus far has
been impaired. IT, we do not get
any more gold the savings of the
country wi. gradually absorb this
Douglas daily dispatch., 1927-01-01
BY awILLIAM sFlRoUL

President Southern Pacific Company
"The indications are that railway
traffic volume and financial results
for 1927 will compare favorably with
those of 1925.
THE pressing problem of the rail-
roads continues to be the production
of enough net to pay such adequate
return upon railway investment as
will attract new capital constantly
needed. Comparing 1926 with 1917
when we entered the World war, the
wages of employees of the railways
have been advanced 100 per cent in
round figures compared with only so
per cent advances in rates charged
the public. The result requires that
So more gross be taken into the
treasures of the railways to produce
81 more net operating income.
Before we entered the World war
railroads were earning over 5 per
cent on their investment. When the
government gave them back to the
owners in 1920 the net operating
income has largely disappeared, and
in the following year only 8 per cent
was earned Gradual improvement
has been shown since, mainly through
great efficiency in operating the
roads, for the rates have gone down
substantially since their peak. In
1925 it is probable the net operating
earnings of the railways will again
average per cent, but still win
be much below the ga per cent
declared fair return by the inter
state commerce commission under
Al Of "a fot aot
There is limit to what expert
operation can achieve, and it is already
evident that means have to be found
for increasing the gross earnings out
of which operating and all other
charges have to be paid. The general
situation is that too much additional
tonnage is being handled for too little
earnings The trouble is that reduc-
tion in railroad rates is accepted by
the public as a matter of course, but
every attempt to increase rate is
met with rebuff. The public does not
yet see clearly that high grade service
in transportation is of first Importance
to them, and that it can be maintained
only as money is forthcoming for the
purpose.
"On this and other matters we look
with confidence in 1927 for that moral
support in public opinion which is
the basis of sound progress. NIea
sures which needlessly reduce earning
power, or needlessly increase expenses
for the roads, can be frowned upon
by the public in view of the very mar
row margin that now exists between
gross ard net income. The progress
of the railroads since the war gives
earnest for the future with the aid of
a reasonable and sympathetic attitude
on the part of the people"
Douglas daily dispatch., 1927-01-01

average of approximately four and
one eighth million a year. It now.
seems reasonable to expect that th9
1927 production viii equal il i does
not exceed this four year average
lit must be recognized that the
volume of replacement automobile
business is mere lsinr rapidly and
that the oversaas denand (, steadily
expanding and taat adGif1enal yciune
from these sources in 1927 wil!sgo Tar
towards offsetting any reduction Of
new user buying in his country
which may be experienced.
although there is some uhcer-
tainty as to what tile level Of
general business ACTIVITY will be next
year, there appears to fbe little like
ihood that any drastic change viii
take place, ana that at worst nothing
more than moderate slowing down
need be anticipated. This View IS
predicted upon the fundamental sound :
ness of the present situation. Bank
ing credit conditions are very FAVOR
able, with the available supply Of
credit large and interest rates rela-
lively easy; there has been no rpice
Initiation; inventories have not been
piling up; the efficient operation of
the railroads makes prompt delivery
of the materials and finished products
possible; agricultural purchasing
power, while perhaps somewhat less
than year ago Ordinarily because
of the decline in the price of cotton)
is on the whole good; and the present
volume of industrial employment and
the current level of wages promise
the continuance at least over the
near future, of a satisfactory pur-
chasing power from this source. The
building situation, because of the
high level of activity in this in
dustry, holds an element of uncer-
ainty, and the possibility of de-
crease in building operations must
be recognized. 1t is not unlikely,
however, that any sharper drastic
reduction of building will occur next
year
I'm view of the foregoing, I think
that we may look forward to a
year of good general business, even
though it possibly will not be quite
so good as 1926 And the same
applies, in my judgment, to the auto
mobile business"
Douglas daily dispatch., 1927-01-01

large floating supply of securities
and banks will increase their holdings
of commercial paper.
Despite the large amount Of funds
employed in the security markets,
growth Of installment credit, and
other demands upon the banks the
important thing to note rs thal cnt
total volume of credit required OF
the reserve banks is less than thal
of a year ago. The country IS tnus
carrying ON It's business Wltaou'
drawing upon its ultimate baaklns
reserves, fact that speaks strongly
for the underlying soundness OF the
credit situation.
with the resources of the reserve
banks practically untouched, money
conditions continue easy, with no
prospect Of strain What the trenu
Of rates will bring during the COM
inc year depends, in the last analy-
sis upon. the course of business. Nc
one. expects anything in the nature
of tight money but it is true also
that aside from such temporary sea-
sonal easing as always occur IN
January no large reductions are llkeiy
so long as business holds up 10 cur
rent levels. 1t should be remembered
that demands for capital have m
creased very rapidly during the past
five years, and that heretofore they
have BEEN met, with funds TO spare
largely because of the replenishmen1
of our bank reserves through gold
imports With the probability that
the period of large. gold imports is
now over, we can hardly expect
10 enjoy indefinitely the unusual
combination of high business activity
and abnormally low money rates.
Douglas daily dispatch., 1927-01-01
MOTHER KNOWS THE DANGER
or THAT COUGH OR COLD ).

Persistent coughs and colds lead TO seri-
Gus trouble. You can stop them now with
Creomulson, an emulsi6ed creosote that
is pleasant to take. Creomulsion is a new
medical discovery with two-fold action; it
soothes and be1ls the infamed membranes
and inhbits germ growth.
Of all known drugs, creosote is recog-
nized by high medical authorities as one
of the greatest healing agencies for per-
sistent coughs and colds and other forms
of throat troubles. Creomulsion contains,
in addition TO enepsote, other healing ele
ments which eqstltc and heal the infected
membranes and siop the irritation and
inflammation, While the ereosote goes on
to the stomach, is absorbed into the blood,
..ttacks the seat Of the trouble and checks
she growth of the germs.
Creomulsion is guaranteed satisfactory
Douglas daily dispatch., 1927-01-01
by ALFRED SLOAN, JR.
President General Motors Corporate


"a There is more reason to expect
that g1927 will be another good year
for the automobile neutrality-suspicious.
not 50 good as 1925, but a salts
factory year. 1t must be borne in
mind that, 1926 had exceeded any
previous Year in the volume Of
automobile production and sales; tha.
domestic consumer demand has brok-
en- all reeo1ids and that export busi-
ness has abeen the largest in history.
During thfs@8ayear something over
4,500,000' passeh ger cars, trucks and
buses were produced in the United
States and Canada, or some 6 to 7
per cent more than in the previous
record year of 1925 Indeed, the
past four years have been a period
of very satisfactory automobile
volume, the total output of the in
dustry in the United States and
Canada in these four years having
been about 16,5OO,0OO vehicles, or an
Douglas daily dispatch., 1927-01-01
BY LAMMOT DUPONT
President Il. 1. Du POnt de NemOuTs
& CsOmnany

~ Company
CAS- the year 1925 draws to close,
we do not see any element in the
industrial or economic situation which
would indicate trouble or depression
ahead This view seems to be we'll
supported by economists and bankers
generally. If this is the present
situation, it seems to follow that,
for at least the next year, the
country will experience a satisfactory
volume of business. This is our
expectation for business in general;
but as applied to our own lines, we
feel thai, due to the natural growth
in population, together with the fact
that many of the lines in which we
are engaged consist in recent de-
velopments, our business for the next
II months will run somewhat better
than the current year,