davidaulloa/AmericanStories huggingface dataset:
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-08-03
Day in History

"Day Of Dupes" is name given to
November II. 1880. when the enemies
Of Richelieu were foiled In their In
trigues against him with the king.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-08-03

Only 2 per cent of the trees struck
BY lightning In national forests catch
fire, but this causes II per cent Of the
forest fires.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-08-03
Runners Second Wind"

The public health service says
that by second wind" is meant an
adjustment of the heart rate to the
intake and outgo Of air In the lungs
The Washington times., 1928-03-01
BALTIMORE LIVE STOCK

UNION STOCK YARDS. BALTI'
MORE, March 1.-Cattle-Receipts,
so head. Market steady. Steers
Choice, $13.5O@14.5O; medium, $1,000
@11.5O; good, $12@13; common,
$9.50@1O.25; feeders and stockers,
$s.50@11. Heifers-Choice, SIG
11.5O; medium, $S@9; good, $500
1850; common. $6.5007.50; feeders
and stockers. $6.25@S.50. Bulls
Good to choice, $8.75@9.50; fair to
good. sos; common to medium,
$506.50, Cows-Good to choice,
$7.500S.50; fair to good, $6@7; COM
mon to medium, $3@5.50.
Sheep and Lambs-Receipts, 25
head. Light supply; market steady.
Sheep: $2.50@7.50; lambs, $SQ16.60.
Hogs-Receipts, 500 head. Fair
supply; market spotty. Lights,
$500; medium, $9.15; heavies, $S.40
0S.85; roughs, $5.75@7.40; light
pigs, $6.5OQ7.5O; pigs. $S.4O. Ohio
and Western hogs, 10000 higher
than quotations.
Calves-Receipts, % head. Light
supply; market steady. Calves,
S5M16.
The Washington times., 1928-03-01
BALTIMORE PRODUCE

BALTIMORE, March Live Ponl-
try-Chickens. old, AZ lbs. and over,
aS030c: old. 4 to "A lbs, 2S@SOc;
old 3 to az lbs, 26@2Sc; leghorns
and other light stock, 24@26c; oid
ROSTERS. mixed colors, 16QlSc; old
roosters, leghorns, 15Q16c. Young
chickens, colored, large, S3WS6c;
colored. 2 lbs. and under, 40Q 45c;
capons' all sections as to SIZE, 500
3Sc: ducks, all sections as to slze'
S2@3Sc. Ducks. white Peklns, 4 IDS;
and over, 26@28c; puddle, IDS ana
over, 24@26c; muscovy, 4 lbs. ana
over. 24@26c; all kinds, smaller, 8
@2Oc. Guineas, young, 2 los. ana
over, each 85c; old, 4O@60c. pigeons
young and old, per pair, 20WSOc'
Turkeys. young hens, 40045c; goo'
blers, 3s@4Oc; old, 35@S6c. Dressed
poultry, turkeys, young, 4O@42c;
turkeys, old, 3O@35c ducks, 25@SOc;
chickens, young, 30@S5c; chickens
mixed. old and young, 2503Oc. Ca
pons, as to size, 35@40c.
Eggs-Market about steady. On
the Baltimore Butter and Egg Elk
change, nearby fresh gathered firsts,
one sale. as cases, 26%c; two sales.
SIS cases, 26kc. Closing offerings
nearby fresh gathered firsts, 26A G;
bid, 26hc. Receipts, butter, l'lSo
tubs; eggs, 1909 cases.
Butter-Creamery, fancy, pound.
4S@49c: choice, 46047c; good. 440
45c; prints. 49@51c; blocks, F@49c;
ladle, 35@37c: Maryland and Penn
sylvania rolls, 30@33c; Ohio and
West Virginia rolls, 30@34c; store
packed, S0c; Maryland, Virginia and
Pennsylvania dairy prints, SOU55c;
process butter, 40c.
The Washington times., 1928-03-01

In the latter half of 1927
the cheap money policy Of the
central banking auth brities served
as a lure for spectators, and
was, no doubt, factor in caus-
ing brokers' loans to soar to
unprecedented peaks.
By cutting the rediscount rate
from to 315 per cent in midsum.
mer and by pumping additional
credit into the money market.
through huge open market pur.
chases OF United States Govern
ment issues, the Federal Reserve
authorities, intending to contribute
to financial stability abroad and to
the case in marketing American
crops, indirectly played into the
hands of domestic spectators in
securities.
Tighter Money Market
But, since the turn Of the year,
having achieved its detectives, the
Reserve authorities reversed their
money policy and sought to tighten
the money market by selling large
quantities Of Government securi-
ties.
Moreover, the Federal Reserve
Board recently authorized a. re.
turn from the 34k per cent to
the per cent rediscount rate.
The stock market interpreted the
changed policy as 3 gesture in
tended to quiet down specula-
ton and thus Tar the new atti.
tude Of Federal Reserve officials
has not been without tangible
results. The spirit OF llnbridled
speculation has been curbed, and
brokers loans have already begun
to decline.
Against this background, the
hearings, resulting from Senator
La, Follette's resolution to the
effect that it is the sense Of the
Senate that the Federal Reserve
Board should immediately take
steps to restrict further expan-
sion of brokers loans and re-
quire their contraction to the low
est possible amount. have begun.
No New Law Needed
In 50 far as IT Is the function
of the Federal Reserve Board to
The Washington times., 1928-03-01
CHICAGO LIVESTOCK
CHICAGO, March 1.-Livestocl

CHICAGO, March Livestock:
Hogs-Receipts, $4,000. Market,
1Oc higher. Top, $3.50; bulk. $7.75V
$40; h eavywe eight, $7.70@8.25;
medium weight, $S.1O@S.50; light
weight, $7.75@S,5O; light lights,
SG75@S.35; packing sows, s6.S56V
$50; pigs, $6.25@7.SO. Followers,
II 900. 49,.
Cattle - Receipts. 1000. Market
strong. Calves -- Receipts, 1900.
Market. steady, Beef steers-Good
and choice. $15@16.50; common and
medium, $9@14; yearlings. $s@16.
Butcher cattle ~ Heifers, $7@13;
cows, $6.5O@11; bulls, $6.50@10.50;
calves, $1S@16; feeder steers, $9.50D
1926; stocker steers, $9@12; stocker
cows and heifers. $6.5009.50.
Sheep 49, Receipts, 5000. Market
steady. Medium and choice lambs,
$15.50@16.25; culls and common,
S12O14; yearlings, $12.50@15; com
mon and choice ewes. $4.50@9.5O;
feeder lambs, $14.50015.5O.
The Washington times., 1928-03-01
80 CLUB HEAD
WE'D ON RADIO

Washington's first radio wedding
today has removed from the ranks
OF local confirmed bachelors" A.
Cloyd Gill. local newspaper man
and president OF the $50 Club"
Gill was married to Miss Pauline
Blake, of New York, before the
microphone at Station WMAL last
night, following his regular evening
broadcasting OF news flashes" The
wedding came as the climax OF a
Leap Year party held by members
of the club, which is composed or
ellis listeners-in, in the WMAL
studio.
GIN, in his application for a mar
riage license. gave his age az SO and
that of the bride as 81. The cere-
mony was performed by the Rev.
Samuel E. Rose, pastor OF the Pet
worth Methodist Episcopal Church,
4 former college friend Of the
groom.
Mrs. Gill was given in marriage
by her father, James Blake, OF
New York. Harvey L. Cobb, Wash
ington attorney and former news
paper man. was best man. and the
brides. sister. Miss Lucille Blake,
was bridesmaid.
The wedding music was provided
by Dorothy Sherman Person. So
prano, and Mrs. Raymond B. Dickey,
Violinist.
Following the wedding, a recep-
ton was held in the studio. The
couple were showered with gifts
from members of the $50 Club"
which Gill founded last fall.
The wedding guests included sew
eral score members of the club
whose birthdays fall on February %
and friends of the couple.
The Washington times., 1928-03-01
LOAN RATE GUT
BY BANK
By RICHARD HATTON

) The Potomac Joint Stock Land
Bank has announced a reduction
An rate of interest from s per cent
10 So per cent on farm loans in
Maryland and Virginia negotiated
for and closed after April /.
The farm loan act provides
that there shall be only per
cent differential between the rate
of interest on farm loans and the
rate Of interest on farm loan bonds
4 issued against such mortgages.
Therefore future issues Of the
) Potomac Joint Stock Land Bank
will carry 4i5 per cent coupons
instead Of per cent.
This action was forecast in the
annual report of George A. Harris,
president, to the stockholders when
he announced the issue of farm
loan bonds at that time had been
reduced from 100000 to 100000
on account of the probability Of
! q reduction of the interest rate
Son future bonds.
In commenting on the reduction
in the interest rate Harris said
this action was based primarily on
4 the conviction that the bank would
ShaVe no difficulty in selling its
bonds on a AZ per cent basis and
thereby giving the farmer the adj
vantage of a 51s per cent loan.
1t Is in line with the general finan-
eial condition of the country as
reflected in the lowering yields
on investments as a result of
comparatively easy money market.
i There Is apparently. at the present
time, q large supply OF funds for
investment purposes and it is be.
coming increasingly difficult to
find sound investments returning
) satisfactory yields. This condition
IL especially reflected in the present
low yields on Government securi-
ties and all iigh-grade bonds, 1t
ID further reflected in the fact that,
because OF the plentiful supply of
money and the low yields on in
vestments. many commercial banks
are seriously considering reducing
the interest rate on deposits.
First To Cut Rates.
The Potomac Joint Stock Land
Bank is the first joint stock land
bank In the East and South to
slower the interest rate to boIt overs
and, therefore, its action win. no
The Washington times., 1928-03-01

doubt, be Of much interest to the
farmers in its territory. as we'll as
to the other banks throughout the
Federal Farm Loan System.
Harris further stated that agri.
cultural conditions in the States OF
Maryland and Virginia are stable,
having made much improvement in
the last few years. The building
of good roads. diversification OF
crops. improved markets. and in
creased prices for farm products,
particularly tobacco. live stock, and
dairy products, have greatly In.
creased the value of farm land and
the ability of the farmer to meet his
interest payments.
The Potomac Joint stock Land
Bank was organized five years aga
and has outstanding in. the States
of Maryland and Virginia in excess
of $500, geo on farm loans, and
has issued and outstanding In ex-
cess Of $6,OOO,000 in farm loan
bonds bearing 5 per cent intere st.
It's bonds are exempt from Federal,
State, municipal and local taxation.
Victor Cahill, who for many years
has been identified with large real
estate operations in Washington,
has become associated with the New
York Stock Exchange house OF
Wright, Slade & Co., at their local
office, Connecticut Avenue and
De Sales Street. Cahill was edu-
Gated at the University of Virginia
and is the SON of the late James
A. Cahill, who was the vice presI-
dent of the Commercial National
Bank and vice president of the Vel
low Cab Company.
Ready Money Growing
Growing supply Of ready money
and consequent fall in interest
yield On sound investments has
been reflected in the coupon rate
for securities; now this factor has
begun to affect the returns avail
able on single premium annuities
on individual lives, according to the
Phoenix Mutual Life Insurance
Company, of Hartford, one OF the
principal underwriters in the an
nuity field, and which company
announces a new schedule OF yields
effective today.
In a recent statement issued by
the New York Life Insurance Com
pany 1t was noted that the COM
pa0y ndu E)dIO uSdJU IldlHiS 01hOuhN
ing TO $92, 291,619 during the last
two years. This sum exceeds by
$5,493,141 the amount paid in death
claims during the first so years OF
the company's history.
To the beneficiaries Of deceased
policy holders in 1927 the company
paid $48,507, 57S. In addition to this
sum it paid $50, 1907. 900 to living
policy holders on various accounts,
such as endowmentS, annuIties'
trust funds and dividends.
When public offering is made
shortly of common shares, totaiing
1850. 900, In the American apd
Scottish Investment Company. 1t
Is stated it will be the first time
American investors have been Of
fered an opportunity to purchase
common stock in domestic invest
ment trust of the management
type modelled after successful
Scottish investment trusts of many
years operation.
The board of directors of the
new company will include num-
Der of Scottish bankers.
The Washington times., 1928-03-01

act as general overload over
things financial, 1t seems from re.
cent Developments that the at1s
thorities have sufficient power
without additional legislation.
The Federal Reserve system.
which supervises bank credit. does
not deal directly with speculation.
Under the act, regional banks cam
not rediscount paper secured by
stocks and bonds. with the excep-
ton OF United States Govern
mert issues. BY exerting leader.
ship. however, the. Reserve sys-
tenn can indirectly take steps
which help to stabilize the money
market.
In a country like the United
States, which is. perpetually grow
ing. II would be 4, mistake to set
arbitrary limits for future devel!
topment. Legislation limiting
financial expansion to any arbis
trary figure. would act as a strait.
Jacket. No all.Wise legislation can
act as an automatic regulator
which may be substituted for the
judgment Of individual bankers
The country needs banking Wis
uOAuS Jul ~ Ce1AAAAVS - 9SSAsArssSA
into existence.
Reflects Growth
short-term swings In Wall
Street usually 60. too far n both
directions, yet the Iong.term trend
is upward. The rise In brokers
loans in part reflects the economic
growth OF the country, and par.
- IL = -
leadership. The loans finance
not only marginal speculation CT
brokers customers, but also un-
sold new investment issues in the
portfolios Of security dealers.
; Brokers loans have been large
because banks have sought 60
find an outlet in Wall Street for
surplus funds, for which there
has been no business demand.
Neither business nor agriculture
has experienced q credit shortage.
The chief harm done by the ex
pansion has been initiating stock
prices.
Three hundred ana twenty-five
corporations today will pump new
purchasing power into the coun.
try by making dividend disburse-
ments on ATS issues Of common
and preferred stock. The total
turnover in the money market
during March, including dividend
and interest payments and Gov
eminent operations, will reach
the unprecedentedly high total Of
$4,000, O0e, 900. Thanks to the IA
ciIities offered by the Federal
Reserve system, the huge streams
Of payments will flow back and
forth without causing 4 ripple IN
the money market.
Seek New Outlets
Declining wages on capital are
causing investors to seek new
outlets for their funds. No class
OF security buyer is cannier than
the experts of the great life in
surance companies. One striking
change in the portfolios Of life
insurance companies has been the
trend to mortgages on city real
estate and away from farm mort
cages. The entrance of the Fed
eral Land Bank system into the
farm loan business was a factor
in making lending on farm lands
less remunerative to private In.
,terests.
In 1891 life insurance invest
rnents in farm mortgages were
1T per cent of their total az.
sets and in other mortgages 1917
per cent, whereas at the end OF
1927 corresponding ratios were
1872 per cent and Is per cent.
Moreover, life insurance conpa.
nies are putting increasing pro-
portions Of their resources into
public utility bonds.
The Washington times., 1928-03-01
BALTIMORE GRAM MARKET

Wheat-Firmer; No. 2, red, winter,
export, $1.54%: No. 2, red, winter,
garlicky, domestic, Sissy: receipts,
12,444 bushels; shipments. 76,SOl
bushels.
Corn-Firm. No. 2, yellow domes-
tic, $1.10@1.12 bushel: receipts, g.
OPS bushels; shipments, 1880 bush
els.
Oats-Higher No. 2, white, domes-
tic, 6606615c bushel; No. 8, white,
65@651sc bushel; receipts, z,1Se
bushel; shipments, 996 bushel.
Rye-Nominal Receipts, none;
shipments, 11S bushels.
Hay-Steady; supply, ample.
FIour-Firmer.
The Washington times., 1928-03-01
CHICAGO GRAIN MARKET

CHICAGO, March 1.-Grains were
steady to firm in early trading today.
wheat was ~ to &c up on active
huvine on firmness at Liverpool. Flu
lures wers u to 1hd up, Corn was
nc lower to &c up, and oats were
4 to 1c higher.
The Washington times., 1928-03-01
LIBERTY BONDS

FURNISHED by w. B. Hibbs G. Coz
liberty 91As due .$101.19
Tdherty LAT aus. due '4T... 1O2. 30
Ijhertv Adj AIS. due '2S.... 1O0.15
Idhertv 1th AIS due '3S. 1892
u S Treasury 3Hs, due '47...... lO2'2S
The Washington times., 1928-03-01
QUOTATIONS OF THE FINANCIAL MARKETS
Rukeyser DelDes Into
Brokers Loans

NEW YORK, March by recently reversing its easy
money policy the Federal Reserve system has taken some OF
the wind out of the sails of critics who may appear at the
series of hearings on brokers' before the Senate Bank
andC COMMITTEES. . ]. -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-27

State ae- onautical laws regarding age
limits for pilots he probably can fly
himself where he pleaSeS.
Sc letter giving the scope of oper-
atoms permitted by an unlicensed-i den-
tilted plane, over which the Federal
Government has no control was given
Joseph and his advisers Yesterday
they went to Hoover Field, where the
plane landed Saturday at the end of the
flight here, and after some instruction
by Sheeler the boy was turned loose.
He took off. flew around for few
minutes and made landing This was
his first solo flipht,
Plans Aeronautical Profession.
81 intend to make aeronautics my
profession" Joseph said My mother
has no objection to my flying, as she
believes it is no more dangerous than
any other form of travel. My plan Is
to be able some day to take the aeronau-
teal engineering course at the MaSSa-
chusetts Institute of Technology"
On the flight to Washington from
Raleigh one stop was made at Rich
mond for fuel The total flying time
for the trip was hours and 10 minutes
In making the solo flight yesterday
Joseph achieved the distinction of being
one of the youngest persons ever to
fly alone III this country. His aeronau-
teal training prior to taking up actual
flying consisted of building model air.
planes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-27
BROOKHART LAUDS
HOOvER'S RECORD
Senator Sees in Acceptance
Speech Guarantee of Pros
perity for Agriculture.

Special Dispatch to The Star.
CROWN POINT, Ind. August 81
Senator Smith w. Brookhart of Iowa
at a Republican rally here yesterday
declared the election of Herbert Hoover
as President will mean prosperity for
agriculture"
Herbert Hoover" he said, has
handled two billion dollars worth of
farm SURPRISES He did it successfully
and TO the prosperity of the farmers
all through the war and for a year and
half after the war was over. His ac-
ceptance speech shows that he knows
how TO do the same thing in time
of peace
The Iowa Senator assailed George N.
Peek of Moline. Ill. charging that Peek
in This propaganda had no regard for
the truth" and that he had his mis-
leading statements and half-truths in
serted into the Congressional Record, +"
Charge Based on Faisehood.
Herbert Hoover has been widely de-
ncunced as the arch enemy of the
farmers of the United States" Senator
Brookhart stated mo conclusion was
ever based more completely on false
hood than this The person most re-
sponsible for 1t is George Peek"
The Democratic platform was writ
| ten principally by George N Peek" the
| Senator said. stating that it denounced
| the Coolidge policies and then pro-
Vided as its remedy for farm reliet
leans to co-operatives which is thf
/ leading Coolidge policy.
In its next paragraph IL Endorsed the
! Federal Reserve banking system, which
| has ruined agriculture. and took glor,
/ ~ @A f4n taFx F~r ftu rfesh
| iislament and action. IT promises to dc
| for the farmers what the Federal Re.
| serve Bank has done for the banks
/ The outstanding fact of this Is thai
many hundred banks have been sem
/ into receiverships, and the Federal Re.
| serve law by amendment has author
! lied chain national banks in % States
| IF Peek's farm board is to do the same
/ thing for the farmers. 1t is plain thai
/ chain ownership Of farms means co.
/ operation ownership. and the farmer o.
/ today will be reduced to the stag'
| Of peasantry."
Senator Brookhart reviewed the rec
ORD of Hoover, stating that "his first
/ fight for the farmers of the country
| was over wheat prices during the war
! when Mr.. Hoover held the price O
/ wheat up with a courage that is un.
exampled and saved the wheat farmer.
j from disaster"
| Bgookhart then cited Hoover's &C
items as head Of the Food Administra
/ ton stating that as long as the Foot
Administration lasted, which was on
year after Hoover retired as head. farm
| prices were maintained and farm pros
periCy reached the highest stage i
ever enjoyed, notwithstanding the off
sets Of high war prices 1T had 10 pay
He blamed the Federal Reserve Boarc
for the 'defiation and destruction" 0
the farmers after the discontinuanc
Of the Food Administration In May
1920.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-27
BY LEMUEL r. PARTON.

Special Dispatch to The Star
SEA GIRT N j. August 27--Offl-
Gals of the New Jersey State police
checking today on the airplane traffic
experiment by which crowds bound for
the Smith celebration Saturday were
routed and kept moving by directions
from the air, believe they have pio-
neered an invaluable method of regu-
lating and directing big movements and
regional COMPOSITIONS of automobile
traffic. The next employment of the
plan will be the big foot ball matches at
Princeton this Fall.
With crowds estimated at somewhere
around 100000, suddenly concentrating
in the space Of a few hours, the State
police faced inevitable problems of con-
fusion and congestion unless a way
could be found Of keeping automobiles
distributed and keeping them moving
Air policing of the stretch from Sea
Grit 80 miles north to Keyport was
decided upon.
The area covered was from to 10
miles wide, from the coast inland. -Four
air fields were chosen the northern and
southern outposts being Keyport and
Sea Grit. Two airplanes, each carry
ing an observer in addition TO the pilot,
patrolled this territory
Spotted Tie-ups.
The 100 members of the State police
assigned to the days work we're as
sisted by about 200 police from Jersey
City and local forces Each traffic Off
Ger, in taking hiss station, found his
nearest telephone number and tele-
phoned it to headquarters at Sea Grit.
On each field was large sheet flank
ed by black lines, serving as target
on which the flying traffic cops were to
crop messages An observer, using
strong binoculars. would see the begin
ming of congestion somewhere up the
line. He would write recommendations
incloSe the note in small bag half
filled with sand and drop 1t on the
sheet in the nearest field His mes
sage would then be telephoned to head
quarters. which would send out appro-
pirate orders to the men on duty
Part of the approaching jam OF auto
mobiles would be diverted to round
about routes: the police would learn
from motorists whether they were going
Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-27
HELEN WILLS SAYS
SHE'S FOR HOOVER
Accepts Craftsmanship of Women S
Sports Division of Com
mittee.

By the Associated Press.
NEW YORK, August 27--~Helen
Wills, women's tennis champion, made
her debut today in politics.
She announced that she would vote
for Herbert Hoover. and she accepted
from Mrs. F. Louis Slade, head of the
woman's committee for Hoover, the
craftsmanship of the sports division.
Miss Wills vote goes to Hoover. she
said, because he has proved, at home
and abroad that he Is great man
Between tennis matches at Forest
Hills, she handed Mrs. Slade sheet
OF paper on which she had written out
why she is for Hoover. Here Is what
she wrote:
Am | voting for Herbert Hoover?
Yes And why?
For the same reason that countless
other young people throughout the
country are voting for him. 1t is be-
cause they realize that Mr. Hoover pos
Sesses just those qualities that will
make him a great President He said
In his acceptance speech that he wishes
to carry the spirit Of the Nations youth
into the Government Youth. he said
is pulling at the traces as never before
and Is willing to pull full load
Youths cagerness contains a
more earnest desire than ever to be OF
service
IAN youth can admire Hoover be-
cause of his sincerity, intelligence and
great Industry, His achievements in
the past have been marked with sue
cess because Of his ability for Or
ganization and his wonderful powers
Of perseverance. His life Is a story 10
fire the imagination and admiration OF
every young person In the country.
May youth everywhere. by voting
for Hoover, show that It's ideals are OF
the highest and that 1t has the earnest
desire TO be Of service A."