davidaulloa/AmericanStories huggingface dataset:
New Britain herald., 1929-10-29
Favor Investment Buying

New York, Oct. 29 LF-Leading bankers today believed investment buying would salvage a demoraized stock market, wrecked in a country wide cyclone of selling that swept sl4.000, 100000 away in quoted values.
 A stampede to unload sent stock prices crashing again yesterday in the second market collapse within four days. Total sales for the day of 9,212,S00 shares were exceeded only by the record of last Thursday when 12.s946O0 shares were sold.
 Although the volume was less, the net losses were greater, many lead- ing issues shrinking 10 to 60 points with closing prices at the bottom The ticker was two hours and 47 minutes late at the close.
 Bankers in Session
 The group of bankers who last week acted to stabilize the market met after the close yesterday in the offices of J. P. Morgan & Co. They were Charles E. Mitchell. chairman of the National City bank; Albert H. Wiggin, chairman of the Chase Ma tional bank; William C. Potter, president of the Guaranty Trust Co.,; Seward Prosser, chairman of the Bankers Trust Co. and Thomas w. Lamont, partner in J, P. Nor gan & Co.
 They issued no formal statement. A spokesman for the group said that important investment interests were preparing to enter the market i'm medately as large buyers of high grade stocks.
 The bankers also said they were adhering to the plan announced last Thursday to help maintain an orderly market. At that time it was stated unofficially that $100,000,- 900 pool had been formed for that purpose. They said they had no in- tention of exerting any influence 10 prevent decline, and that any such idea was a misconception.
 With small investors and specu- lators driven out in last Thursdays debacle and previous declines, it was the big operators who were caught in the avalanche yesterday. Many Of the wealthiest men In the country took paper losses running into hun dreds of millions.
 George F. Baker, chairman of the First National bank. took paper loss of ss,600.00O on his 22,00O shares of First National when the
New Britain herald., 1929-10-29
MASTERING ADS
 IN COLLEGE PAPER
Text Hints at Liquid Refresh Inent-Ph0ne Numbers GiFen

Cambridge, Mass, Oct. 29 C49 - Recent mystifying advertisements Tn the Harvard Lampoon and Harvard Crimson, undergraduate publications have folks here guessing and mayb" telephoning.
 In answer to such questions as: When an examination is over, do you feel at a loss 2" and Do you mix freely with your fellow man (Homo Sapiens), and is so, what do you mix with him ?"
 The advertisement in the Dart mouth issue of the Lampoon an swers itself with Well, we can give you one good answer. When you know it, you can easily spend s10 to sl5 right at home and never miss it."
 The advertisement continues: "Try the loan and mortgage game; fun for your friends; stocks now in li- Guidation." A name and telephone numbers are placed at the bottom Of the page.
 A quarter of a page of the Crim- sen yeSlerday carrled d Sl1llllar ap- peal: stocks and bonds, mort ges. V The telephone numbers corresponded with those in the Lampoon adVer- tisement.
 Astonishment at the appearance of such matter was expressed by a re- gent of the university, Matthew Luce. He said he did not know what action would be taken by college authorities
New Britain herald., 1929-10-29

Borah asked for a list of particu lar items in which he was interest ed. He replied increases in pig iron and carpet rates were given in the schedules he was interested in.
 said He Assisted in Platform
 "You said you drew a platform al Kansas City" he continued
 T said l presented a tariff resolu- ton to the Pennsylvania delegation which was adopted and referred to the platform committee" replied Grundy
 The witness then read his resolu- ton. It advocated a general revi- sion" of tariff.
 "Who did you send the resolution to the platform committee by" Borah pursued.
 By our representative on the committee" he answered.
 "EX- Senator Ware? 2" inquired Borah.
 T wouldn't go that far yet, l would say senator-elect Ware"
 What steps have you taken to carry out the farm schedules?" con- tinucd Borah.
 T have talked with senator's"
 With whom?"
 With your colleague and with the senator from Oregon"
 Grundy persisted that T am inter- ested in carrying out the entire te- publican platform"
 You are in favor of placing the farmer upon an economic equality with industry"
 Platform Again
 q am in favor of enacting the re- publican platform"
 Are you in favor of equalizng the tariff duties?"
 T am in favor of giving the farm CT all the protection he needs to keep the foreigner out"
 Chairman Caraway and Senator Walsh, democrat, Montana, inter- rupted to insist that Grundy give direct" answers.
 Don't talk about cement to this committee when you are asked about farm products" shouted Walsh.
 Yes, for Lords sake quit dodginp and be candid With the committee, " Caraway put Tn.
New Britain herald., 1929-10-29
DENIES HUGE PROFITS
 IN HARDWARE FACTORY
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KimbalI informed the visitors that the city has no billionaires and no idle rich. He jokingly referred to himself as the only idle rich in the city.
 We have been Hccused through the public press of making immod- crate profits and doing scandalou5 things in our factories" he said, People who make those state ments do not bear in mind the fact that our industries are very old and that they have been doing business here for a long time,
 Large returns to our sharehold- = CTS have not been extraordinary when We regard the real worth of the factories we represent
 Our factories are built on the regard Of our customers. We sol- dom lose q customer and when we do there usually is something the matter with the customer.
 The last labor trouble we had here Was In 1915. fourteen years ago. The average wages here have Increased 1G0 per cent since 1914. We feel our workingmen and those who have their money invested In the business have profted by the activities of their managers"
 Fred F.. Schmitt, editor of tho Engineering News Record. respond ed to the address of welcome on behalf Of the visiting editors. He said New England is q region by Itself and this visit Is regarded as sort of foreign trip. He said there have been factories in New Britain since lG40 and referred to the growth and prosperity of New England as being due to Yankee in senuity and energy. He said it is the job of New Britain and New England industries now to ascer- tain how much of their efforts and equipment Is new and how it will help to rebuild the country of the future.
 Following the luncheon an in- spcction Of the Stanley Works and Landers, Frary & Clark factories followed.
 Those present included Pardon c. Hickey. vice president of the Com mercial Trust Co, and president of the Chamber Of Commerce; George T. kimball, president of the Ameri- can Hardware Corp; Arthur G. Kimball, president Of Landers, Frary
New Britain herald., 1929-10-29

price dropped $500 share. It was quoted at about $6,OO0. He also owns 64,000 shares of American Telephone 6 Telegraph which lost 34 points.
 Fisher Brothers Lose
 Others who took huge paper losses were Fisher Brothers of Detroit; Ar Raskob, William c. Durant, Harri- son Williams, public utilities mag nate and Sidney Mitchell, head of the Electric Bond & Share Co.
 Wall street operators expressed the opinion that the slump in stock prices would not affect business generally, but predicted that the condition Of the market might be reflected in q slowing up of the pur chase Of luxuries.
 There is speculation whether auto mobile stocks can maintain their present diviGend rate. which is based on prices to ypld between 5 and 10 per cent, whfe good industrial stocks are selling en yield bases of less than per cent
 Another phase of the situation which is being watcled closely is the effect of the depression on in vestment trusts which live placed bota cen two and three Million of dollars worth of securities in the market during the past year.
 Heads of these organizations re- fuse to discuss the situation but some of the managers of the larger ones said they were in liquid condition and that they had bought some stock in the decline. but for the most part were standing aside waiting for the market to hit the bottom before buy ing extensively.
 Some of the favorite issues were among those hardest hit. United States Steel common declined IT 1-2; General Electric 47 1-2: United States Industrial Alcohol 39 1-2,
 Of the estimated paper loss ot s14000,000 the New York market accounted for s10,O00, 0,000,00O with the rest distributed among other exchanges over the country.
New Britain herald., 1929-10-29

& Clark; C. J. Bennett. president of of Stanley Works; J. B. Comstock advertising manager for P. S r. Corbin; Carl $. Neumann, president of the Union Manufacturing Co.,; Charles r. Chase, president of the Berlin Construction Co.,; E. J. Skin ner, chairman of the board of di- rectors of the Skinner Chuck Co; Frank J. Wachter, vice president and sales manager for flanders, Frary G5 Clark; T. P McAuliffe, dis trict manager of the Southern New England Telephone Co.,: Ralph H. Benson, secretary of the Chamber of Commerce; Joseph l.. Wuichct foreign trade secretary of the Con- necticut Manufacturers associations: Arno Schubert. assistant sales man. ager of the New Britain Machine Co.,; Manvlle Johnson, assistant general manager of the Russell <, Erwin Co.,; Carlisle Baldwin, vice president of American Hardware Corp; Attorney Leo Gaffney: As sistant States Attorney Donald Gaffney: James Robinson, chairman of the board of directors of Hart 6; Cooley; Stanley T. Goss, president and treasurer of Goss &s DeLeeuw Co.,; H. E. l. Hill. purchasing agent for North &5 Judd.
 The visitors delegation included Earl Whithorne, vice president of the McGraw Hill Publishing Co.,: H. $. Knowlton of Boston, New Eng land editor of the Electrical Word George s. Brady, managing editor Of the American Machinist; John M, Carmody, president of the Society Of Industrial Engineers and editor of Factory and Industrial Management. Chicago; Edward P. Warner, former assistant secretary of the navy for aeronautics and editor Of Aviation" New York
 Dr. H. C. Parmelen. editorial di- rector of the McGraw- Hill Publish ing company and secretary of the American Institute of Chemical En- gineers, New York: John M. Whit tier, representing the New England council, Boston; F F. Schmitt, ed- tor of Engineering News R Record. New York; o. H. Caldwell, formerly member of federal radio commits sion and now editor of Radio Re- tailing and Electrical Merchandising, New York; Lawrence V. Burton, as sistant editor of Food Industries, New York; A. H Hubbell, associ- ate editor. Engineering and Mining Journal, New York; James 4. Lee, assistant editor, Chemical and Me tallurgical Engineering, New York; Graham l.. Montgomery, associate editor of Power, New York; L. C. Morrow, editor of Industrial En- ginecring. Chicago; L. W. W. Nor row editor of Electrical World, New York; Carl W. Stocks. editor of Bus Transportation, New York; Norman Firth, editor of System, New York; Frank A. Cole, Newspaper Service bureau, McGraw-Hill, New York; Bernard Peterson, Boston Tran script, Boston; Douglas C.. Woolf, managing editor Of Textile World, New York and k. Rawson Hall. en- gineering editor of Coal Age, New York.
New Britain herald., 1929-10-29
.GUGGENKEIM FUND
 ID BE DISSOLVED
Purposes of Aeronautical Work
 Already Accomplished

New York, Oct. 29 LP)--The Dan iel Guggenheim fund for the promo tion of aeronautics, which expend- ed approximately S5,0O0,000 to aid aircraft development, will be dis solved at the end of the year.
 Harry F. Guggenheim, was fiier and president of the foundation since it's inception by his father in 1926, will leave New York shortly to assume his new duties as ambas- sador to Cuba.
 It was said the fund is being closed on the advice of the trustees, and officers who pointed out that the tasks which it undertook at it's inception have been completed. Colonel Charles R. Lindbergh who is technical adviser to the fund, is also a member of the board of trus- tees.
 Before formal announcement of the termil ation of the foundation is made, it was said Daniel Guggcn- helm, it's founder, would make an additional donation of half mil lion dollars to schools and col legcs including a donation of sl00,- 900 for a lighter-than- air school at some mid-western college.
New Britain herald., 1929-10-29
STOCK MARKET
 COLLAPSES AGAIN
 ID RECORD LEVEL
Continued From First Page)

complete demoralization of the mar ket, J. P. Morgan x Co.,, announced shortly after Il a. m., that the firm, in association with other leading New York bankers, had reduced margin requirements to only 25 per cent margin on their street demand loans. Previous requirements rang ed as high as 40 per cent, so that the reduction will materially facili- tate the large commission houses in financing their requirements during the current crisis by releasing a huge volume of credit.
 Previous to the bankers an nouncement, F. E. Keech & Co.,, one Of the large commission houses, an- nounccd that it had reduced the margin requirements of its custom CTS to 25 per cent This is the first decrease in margin requirements slnCe the Dull" market started on It's wild rampage few years ago.
 Leading commission houses. an- ticipatjng q wild opening, started business much earlier than usual. Employes were seen f1ocking into the offices two hours before the market opened, many of them hay ing had only a few lours' sleep after working far into the night to clean up yesterdays 9,000,000 share session. Hundreds of customers, bearing checks. cash and stock cer- tihCatcs to sweeten up their collat- cral, also were seen in the large brokerage offices. Telephone facil- ities of t.,e downtown exchanges were swamped with calls.
 L. S. Steel Common Tlutters
 The nervous character of the market is illustrated by the fluctua- tions of U. S. Steel common, which opened fractionally lower at 1852 rallied to 1922, dropped to 18l F, re- bounded to 1S5. and then dropped back to 175. Other leading stocks acted in a similar manner.
 Despite the enormous volume of far behind as they did last Thurs day, due largely to the fact that the average volume of individual quota tions was much smaller. The New York stock exchange ticker was 34 minutes late at 1145 D. m.. and the curb ticker, which is slower in opera tion, was 47 minutes late.
 A fresh wave of selling around midday. which carried many of the leaders S5 a share or more below their opening quotations. indicated that the selling storm hal not fully subsided. although it was apparent that strenuous efforts were being made to maintain an orderly mar ket, and prevent a repetition of the big drops between sales which occur red in last Thursdays disheartening
New Britain herald., 1929-10-29
session.
 S,37S,S0O In Two Hours

Total stock sales in the first two hours were S,378,S00 sharcs with the ticker running 45 minutes behind the market at noon.
 Severe declines also took place in the prices of bank stocks, which are traded lover the counter" First National bank stock dropped $500 a share, being quoted at s6,- 300 bid and s6,70O offered George r. Baker, veteran chairman of the board, is understood to hold 22,- 900 shares of this stock so that his overnight loss in paper profits in this issue alone runs over $6,000,- 900. Mir. Baker is also reputed to hold more than 60,O00 shares of American Telephone, which drop ped $34 a share yesterday and SIP more today. or shrinkage In the quoted values of his holdings of that issue of nearly s3,ooo.O0o Ma tional City bank stock dropped .47 share, Chase National s20, Equitable $1O, Central Hanover s15, Corn Exchange 347 and Manu- facturers Trust $15.
 First Casualty Listed
 The first casualty of the break in the market was the firm of John J. Bell & Co.,, which was sus- pended from the New York curb exchange for failure to meet its en- agreements.
 John J. Bell, head of the firm, was admitted to the New York curb exchange on June 24, 1921.
 The total stock sales in the first half hour were 3,2b9.S00 shares, or larger than any previous full hours sales on record.
New Britain herald., 1929-10-29
Two Suspects Released

Officer L. F. Harper met a IT, year-old boy who lives in Plainvillc and a 24-year-old companion who lives in this city near West Main street and Corbin avenue early this morning and brought them to the police station for questioning. They said that they had been in d Broad street lunch room and were walking to Plainyille, not having any knowl- edge whatever of the hold-up. The police released them after checking up on their story and finding 1t true.
New Britain herald., 1929-10-29
GRUNDY TEST|F|ES
 WESTERN STATES
 DOMINATE TARIFF
Continued From First Page)
Interested in Farmer

"Just generally. I wanted to see an equalization. 1 wanted 10 see that the farmer got what was coming to him.
 What particular item ?" Wool"
 "Yes, you were interested in that in your business
 Before Grundy took the stand, the committee heard briefly from Whetmore Hodges, chairman of the board of the General Sea Foods Corp, of Gloucester, Mass.
 Asked about the campaign of the Atlantic Coast Fisheries Co. for a lower tariff. Hodges said the presi- dent of that company, F. W. Bryce had told him he would use "the big stick" if necessary to lineup the fishing companies for a lower fish tariff. Hodges said he did not know that Bryces organization belonged to the Connecticut Manufacturers association.
 Grundy began testifying immedi- ately afterwards.
New Britain herald., 1929-10-29
Fireman Dead, Three
 Injured in Derailment

New England, Ga, oct. 20 R}- A fireman was killed and two other members of the train crew and one passenger were hurt today in the wreck of a southbound Alabama X Great Southern passenger train a few minutes after it had left the station here
 Forrest Aderholt Of Birmingham, fireman, was crushed to death as the train struck a split switch, derailing the engine, baggage car, two day coaches and Pullman.
 The baggage car and one day coach were demolished as they left the rails and crashed into box cars on siding.
New Britain herald., 1929-10-29
Worcester Man Guilty
 Of Murdering Baby

Nashua, N. H.. Oct. 29 tql-El- wood Clark, 22, Of Worcester, Mass. today pleaded guilty in superior court to a charge of murder in the second degree. He was sentenced to 10 to 20 years in state prison.
 His wife. Rachel, IS, was released when a charge of being an access 5ory before the fact was nolled.
 The Clarks were charged with the death on June of their week old son. The prosecution said Clark had caused the child's death by striking fracture of the skull.
New Britain herald., 1929-10-29
TOMORROW-A G OVERNOR AT 19

stable Schubert kept up the search very high in his praise today of the diligent work of the New Britain of ficers Frawley gave Constable Schu- bert a description of the men.
 Constable Schubert and the New Britain police have a number of strong clues and hope to make an arrest in the near future.
New Britain herald., 1929-10-29
HOLD UP TROLLEY,
 ESCAPE WITH S52
(Continued From First Page)
care him.
 Police Search Vicinity

70 scare him.
 Police Search Vicinity
 Seeing that the men were making their escape, Frawley drove the troll ley to Sharp's corner, a short dis tance from Whites corner. and tele- phoned to the car starter, John Ma loney at Central park in New Brit ain. Sergeant John c. Stadler of the New Britain police was notified and sent d number Of officers to the scene. The New Britain police, to- gcther with Constable George Schu- bert. investigated the roads and mountains in the vicinity but found no trace of the hold-up men. Con-
New Britain herald., 1929-10-29
54 RESCUED AS
 STEAMER SINKS
 0N GREAT LAKES
(Continued From First Page)
others were unaccounted for.
 Rescued Men Revived


 Several persons brought from the ship by the life savers were uncon- scious from exposure when they reached shore, but they soon re- yived.
 Captain Doueal Morrison of Chi cago and the ships wireless operator were among those missing. C. H. Sjostrand of Eckelson, x. D, a pas senser. was unaccounted for and survivors believed he was the man who mada a flying leap from the deck and hurled into the water.
 No women were board the ship when it left Chicago last night with cargo of merchandise for Mill waukee. A cabin maid. Mrs, David son of Chicago. had missed the boat
 The two coast guard crews went out to the rescue in answer to the first s o s. calls about ? a. m. For two hours they fought to get line aboard the Wisconsin. It was inn possible to approach the vessel and one rescue boat was nearly lost in the attempt Five life boats finally were launched ard those rescued were picked up from the small boats.
 Man Gets Broken Leg
 Fred Truber, lookout for the Wis consin. suffered a broken leg and arm when he was crushed in enter ing a lfeboat He fel into the water and was pulled aboard a coast guard boat by Quarternaster John Rodger and R. A. Watson, Of the life saving crew.
 The Wisconsin, 4S-year-old vet eran of the Goodrich Transit com pany's lake fleet, vas an army hos pital ship during the World war. The steamer was $50 feet long, with a 43.6 foot beam and IT foot draft. She was a combination passenger and freight carrier plying between Milwaukee and Chicago.
New Britain herald., 1929-10-29

who placed 1t there-the prisoners ! and the officers and directors. In the nave of the chapel, which the warden built with prison labor, his body will lie in state until to- morrow morning, when it will be re- moved for shipment to Lebanon, N. H., where he was born 63 years ago. An honorary guard of officers will stand watch. After the services the prisoners had the freedom of the prison yard. The prisoners in pay ing their respects to their departed warden, recalled he never called them "convicts" but always fin mates"
 Private Services Held
 The prison chapel services were preceded by private funeral serv- ices at the wardens home on the prison grounds attended by only members Of the family and the off ciating clergyman, Rev. George A. Futile, Of Wethersfeld Congrega- tional church. The casket then was carried to the chapel by the six in mates and placed in the nave. The chapel services were conducted by Dr. William H. Smith of Wethers- field, Protestant prison chaplain.
 Rev. George Grady, Catholic chap lain, and Rabbi Abraham J. Field man, Jewisr chaplain, spoke in trib- Ute to Mir. Scott, Tomorrow morn ing members of the family will ac- company the casket to Lebanon. The honorary guard of officers will carry it to the train.
 At White River Junction, Vt. a delegation Of Lebanon Masons. in vited to do so by the Wethersield lodge, will meet the train and escort the casket and it's accompanying party to Lebanon, where burial will take place.
 Scott was well known in New Hampshire for his numerous activi- ties there He was for many years warden of New Hampshire state prison at Concord.