davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-11-09
The Meaning Of the Stock Market Crash

people who have been frightened by stock
and that they have speak accordingly Gournal
editorial October 81, 1929
In the situation also interesting
crash taking place in period Of abundant credit The same siua-
lowered by the Federal Reserve Bank
in spite of all these advantages the financial had to Gone
the illusion that credit elasticity obvate
great doubt is being expressed the banking
great deal of stocks purchased by the banking for the artificial
also that the
kept but quickly resod the market Considering this question the
Wall Street Journal stated Oct. 81
mo committee of bankers however powerful could eec
The result has given per-
iod of time is without precedent"
changes for the week end New York and other Cities the cutting
down of the trading hours the reconsideration of the financial
relief at all and the
nal of Commerce in of its editorials sened the artificial
esprator that capitalism orng support dayng
Put this whole thing in nutshell and amounts saying
mannt sense and that it may be made source of danger in
ment of the underlying conditions is still needed"
The Journal of Commerce Th relief which
Journal of Commerce finance capitalism
the real treatment destruction private and the establish
possible All capitalism succeeds to patch
sharpening and strengthening the capitalist contradictions
In this connection will also be of interest analyze Hoover
Continued prosperity Both of these efficiency
engineers of American imperialism main conditions
nued prosperity If CONSUMPTION will keep with production
2f the per In the special
$50 long the appetite for goods and practically
Unsuitable as appears to be- and long productivity
constantly increased it would that
creased activity"
However, the markets for
American made goods shrinking competition
and the effects of capitalist upon American
workers such that the workers words
the basis capitalist put on
most contradictory capitalist only
showed continuous sharpening of the
EFFECTS OF THE STOCK CRASH ON THE WORKING CLASS
The first effects result the
change the numerical growth the
result of bankruptcy of the
class and involved in stock spuons escaping
the ranks of the working class This
the developing social eomsm
turning the workers into capitalists through ownership
ment participation
AS the working concerned it must be stated that
the stock Market capitalism will
ing Glass; through the wie of capitalist naturalization
erng of the standard of living The existing
employment be increased The
American finance capitalism already key when it
stated
ut seems doubtful if the future
skilled labor continue to get SIS SIS
simply working five days
The recent attacks the working class
verdict attacks Communist
into egaly
working Glass; brought about by the
into deep crisis The working choice but to
resist these attacks which be
leadership of the Communist Party and the
POLITICAL IMPLICATIONS OF THE STOCK CRASH
It would be think stock market ia
only affecting American
tasm other countries also affecting American capitalism
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-11-09
(Continued.)

The Krgh all, only queer unbear
ably station with the heat coming from the trains you
big hat with long flaps They did not talk
do either Taraba could not understand
They fingered the mujks and the womens
dresses peered into the samovars.
Yeropka little mujk brought three of them at dis
his watch stood there with his hands his hips Easy to
Krghiz-what does Asia know about anything?
Krgh their white teeth the watch from hand
old Kirghiz: m
The rghiz nKodded his head.
american gold" Yeropka still louder
with the red beard pulled the womens skirts out of his
ap and he @ began Yelling right into the ear Of the Krghz
Yakasha! they belonged to fine ladies!"
semyen danced around them
ga fine ladys skirt fine ladys skirt Maybe in Moscow
Ivan scraped the shoes with knife:
"Unce just feel that leather! Feel it! Don't be afraid
cant tear it You go through water with them won't ge.
wet They're cafs leather I'd keep them to wear myself only
see you need them"
away
Yeropka ran after them
"shaan- Naian, you'll be sorry about my wach!"
Hey, there, wait minute take it for three pools"
And the Krghiz waved them away with their hands.
All sorts of goods hauled the railroad be sold
And what upoad They exchanged silver for They
they had brought SELL oushd stamped
Mka would have liked to get down and around the
but he afraid If he didn't back the train time
any displayed it. The Kirghz stopped
took the knife from Mhka pulled the
loud as he could:
"For sale! For sale!" T.
The Krghiz babbed something A
Mshka yelled still louder:
Zone pood!"
The krghiz shook his head still
Mhka looked around him helplessy He knit
effort to show making himself
talking sort of broken Russian the other
Wheat Wheat! One pood!"
Russian from another spoke Kirghiz own
tongue:
"One pood!"
The KirghiZ spat angrily:
"Eh en- Uruss!"
Mshka asked the Russian softly:
"How much does he Offer"
"He doesn't offer anything he's swearing
AS the krghiz turned away Mshka yelled after him:
"klrghz! krghiz! Shurlyum, murlyum! Go buy cap!"
The muiks laughed, and Mka laughed
IN learning speak Kghz He could not the
ne could not bear sit STILL and down
from the train
His nos assaled by the penetrating cabbage
coming from was selling
it stood over the pot and called:
Cabbage soup, hot cabbage soup" j
On big sheets of lay liver Ell
trails and stewed fish aurngly The
smell of bread gripped the heart. ~
Mshka displayed his old it's eahern thong
Buy buy!"
His glance fell liver, mutton enra and he came
to halt = ~
(To be Contnued)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-11-09
By LEON PLATT.
Continued
PART III.

In the period between October 1925 and September 1929 the
value listed the Exchange
million while during October
1929 the market value of these stocks decreased $500 million dollars
lowering necessarily
national capitalism
the that the stock valuations
the market the billions of dollars made speculation of
the outstanding contributing factors American prosperity
which is now being greatly affected.
we are to take the market value of the stocks for the month of
October 1929 of such industries which today in comparative
business BOOM like the automobile industry will find decrease
million dollars, chemical indu-996 million; public utilities
34O3 million; railroads, 578,0O5 million and
tt ] .a b1 % h volts f h u1It pT
created by the workers they employ overlook the
derived from the the addition
that also consider the fact that industrial enterprises like
stocks and directly involved with their financial the
present stock crash.
prosperity
m s u as are on undergoing ha now may perhaps at
whose activity itself impaired results in corresponding
impairment of the productive and consumpve power of many
others" journal of Commerce, Oct. 3D.
would think the capitalist that
all that would be affected by the stock crash the luxury and semi
luxury trade The most immediate problem capitalism faced with
well bougeose
investors who bought stock the basis hundreds
great small bourgeose men,
workers who have all their life
pey ann Iihs in the first line Of the crash
small investors will greatly diminish the buying power of the masses
which be affected
of Commerce questioning business leaders industry
"a general impairment buying power a result
the huge actual and suffered
well as margin spectators feared"
Mr.
Vogelong president of the National Metal Exchange
"Of the declining stock market seriously impair
the purchasing the people, in which the
ton of metals be curaed" journal Commerce
The Of c. of November also states that is the opinion of
a result of the stock crash:
an the first place evidence has already developed
and perhaps outstanding accounts going be diff
ficult collection"
USING THE OXYGEN RESPIRATOR
working flooded propaganda
of the financial institutions stabilize
the will back
effects the stock crash shown by the that
had to the nation that business is sound"
We here do that financial combines
did exploit misfortune bankruptcy
made by the various banking houses However, this itself
it.
For solving the crisis sabizing
pool simply impossible Capitalism reconsructed
that such financial institutions like the
others of its kind the Federal
the stream of the stock crash that capitalism
its internal contradictions and proletaran
solve the economic problems society
Commerce therefore
the statements of Hoover and Klein when it said
ut be that these statements
useful function that rendered theatre
the statement is beloved from platform
that the exits sufficient. If they
face with question they would probably justify themselves by
saying that their statements intended for the
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-11-09
THE CITY -.,,-. :; ;---..,,
'": ~: s:::. ;;'' OF BREAD
TRANSLATED FROM
THE RUSSIAN

of Bread" by Alexander
published DoubledayDoran New York
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1929-11-09

s1bshet by the ComTTody PueshIng
York
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
MEDIATORS END
STRIKE HEARING
Report VIII Be Handed To
President Hoover, Gar
field Says

DALLAS, April 20.-P-The
emergency mediation board appoint
ed by President Hoover to hear the
dispute between the Texas and Pa
cific railway and 1000 Of its en-
ployes won recently withdrew tenn
porarily a strike order completed
its work here and left for Washing
ton today.
James r. Garfield, chairman. n
nounced that the committee had
completed a review of the testimony
and written its recommendations in
to the report which would be hand
ed by him personally to President
Hoover in the next few DAYS.
The contents of the report and
the recommendations will not be
made public until after the presi-
dent has considered them, Garfield
said.
The strike vote was taken by en-
ployes after the road refused to re-
imburse them for losses sustained
on property they had purchased in
towns from which they were trans
ferred by the road. This was the
major contention.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21

DR.. Shumaker, whose first act upon
reaching his home was to take a
hot bath.
Il had told the reporters I lost
only seven pounds, but I fear it was
much more. You see, in the prison
I had only a small cracked mirror
that another prisoner owned, and
could not see but half Of my face
at once"
Clothes Droop About Him
Shumaker's civilian clothes droop
about him, and Mrs. Shumaker has
called in a tailor to have them cut
down to fit. 1t is said that the dry
leader lost 80 pounds while in
prison. He was on a diet when he
was committed, and the prison fare
is plain.
The Indiana Anti Saloon league,
of which he is the head, is reported
as facing a crisis. Shumaker says
that the league was $4,000 in debt,
and of this amount Sc, was the
cost of his trial. Other discourage
ments face the veteran dry leader,
who has taken up his work. Choice
Bourbon" made in the hills Of
Indiana, Is retailed within one
block of his pretentious offices in
the Roosevelt building at $3.50 a
pint, and mule" can be had for
less.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21

and tickets have begun to be sold
with an encouraging reception, ac-
cording to the local committee in
charge of the affair. One thousand
dollars is being spent to make the
entertainment an unusually good
one, according to Myron F. Ward,
secretary of the Harrington Chamber
Of Commerce, which is sponsoring
the stag party.
The extensive program includes
an old-time barbecue, dog races, a
battle royal, wild animal fights, and
added indoor attractions to be given
in the Fair park auditorium.
No women will be allowed to at
tend the party. The purpose Of the
stag party, according to the local
committee, is to get the "menfolks'
from all the Valley together "just
to have a good time Tickets are
being sold at two dollars each.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
INDICTED MAN
TAKES POISON
New York Attorney Could
MT Stand Gaff' OF Be-
ing Arrested

PHILADELPHIA. April 20.-P)-
Herbert l.. Maris testified at a coro-
ner's inquest today that David Stein
hArdt, fugitive New York attorney,
killed himself on the advice of
friends. because he couldn't stand
the gaff" of arrest and prosecution.
Steinhardt, under both federal
and New York county indictment
since January, took poison yester-
day as he was preparing to surren-
der to the authorities at his wife's
request.
Both Maris. Philadelphia lawyer,
close friend of Steinhardt, the man
who negotiated for surrender of the
fugitive. s)ld Mrs. Steinhardt were
e~xonerated of any blame at the in
quest. The coroner's jury found
that Steinhardt committed suicide
by poison taken while temporarily
deranged.
Steinhardt was charged with en-
bezzling bankruptcy funds he held
as trustee and receiver and with de-
frauding his clients in a get-rich-
quick scheme.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
JOINT RATE
FOR BARGE
Railroads Required to Fl
tahlish Schedules In Con-
junction With Barges

WASHINGTON, April 20.-tPH
An extensive installation of joir
rates and routes between railroad
and government operated lines q
the Inland Waterways corporation
was ordered today by ~InterstatI
Commerce Commission effectiv
August q.
BY the decision railroads are re.
quired to establish schedules fol
transport Of all leases and com.
modities Of freight in conjunction
with the waterway to be basec
largely on a total of eighty per cen
Of the existing all-rail charges fol
the transportation all rail between
the same points.
While the waterways corporation
operates only on the Mississippi
and from New Orleans along the
coast UP the Warrior river in Ala.
bama, the rate network prescribed
will reach into nearly all parts Of
the ~Sited States.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
TEXANS WIN In
KANSAS MEET
Two Meet Records Shattered
Despite Poorest Weather
Conditions Ever

LAWRENCE, Kan, April 20.-(R
Two meet records were broken in
the seventh annual University of
Kansas relays here today despite
the most unfavorable weather con-
ditions in the meets history.
Athletes began competition on a
Soggy field and finished in a down.
pour.
Three athletes hold the two new
records. Tom Warne of North
western, who holds the worlds in
door record for the p~ole-vault off
a dirt floor, tied with Bitterness of
Minnesota for a new meet vault
mark of Is feet 4 3-4 inches, bet
tering the previous record of Is feet
2 7-8 inches made by Eacl McKoWn,
of the Emporia, Kan, State Teach
ers' college in 1925. Dan Beattie
Of the Colorado AggieS, hurled the
discus 146 feet 9 L. inches, best
ing the record Of al feet 9 inches
established last year by Howell of
Oklahoma, who also bettered his
1923 mark today in taking second
place.
Tom Churchill, all-round athlete
from the University of Oklahoma,
and Olympic team member in 1928,
successfully defended his relay de-
cathlon championship.
One-mile high school relay: Won
by San Angelo, Texas, Zones.
Brothers, Morrison, Haley; West
port (Kansas City, NO. second;
Wyandotte (Kansas City, Kan.,)
third; Panahou academy, Honolulu,
Hawaii, fourth. Time 1869.
Medley high schoo1 relay: Won
by Centarl of st. Joseph, Mo-, Oar
Der, Nelson, Hardman, Mason; San
Angelo, Texas, second; Central,
Kansas City, Mo-, third. Time 8
minutes, 49.5 seconds.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
BY FRANK A. WHITE
Central Press Staff Writer

INDIANAPOLIS, Ind, April 90
That the involuntary stay of DR.. e.
E. Shumaker, head of the Indiana
Anti Saloon league, in the penal
farm at Putnamville for SO days for
contempt of court, may have Sc
rious effects, is the fear Of his
friends. Those who saw Shumaker
prior to his entry in the farm and
following his release declare that
he paid a price Of many pounds.
Bested Physically
Shumaker, who next July 80 will
celebrate his siXty-third birthday,
went into confinement as Prisoner
No. 34924 with a sturdy physique
built up from eating fried chicken
as a Methodist minister throughout
Hoosierdom. The veteran dry lead
er, who had jousted with the devil
and king alcohol for % years, came
out as much bested physically as
he was in his trial before the
Indiana supreme court.
II was terribly alarmed when !
looked into the mirror at home for
the first time in SO days and saw
how much weight 7 had lost" says
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
HAS o MENDED
AFTER LONG WEAR

JOSHUA, Texas, April z0.-tP)-
If the Old Lady who lived in the
Shoe had had one Of the shoes warn
by Mrs. N. j.. BranSon Of this place,
at least one Of her worries would
have been alleviated.
"A pair Of shoes, said to have been
worn by Mrs. Branson regularly for
II years and nov and then for
nine more years, recently was sent
to a shop for repairs. The shop
owner reported the shoes in good
condition with the exception Of the
soles. After repairing the soleS, the
repairman pronounced the shoes
ready for additional duty.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
BENITO GIRL NOW
PHI BETA KAPPA

SAN BENITO, April 20.-Miss
Ruth x. Reed of San Benito, who
is a senior at the University of
Texas, has ben elected a member
Of Phi Beta Kappa, national
scholastic fraternity. High aca-
demic achievements are necessary
to attain a membership in this So
ciety.
Miss Reed IS enrolled In the
school Of education at Austin. She
will graduate in June of this year.
Miss Reed Is the daughter Of Mrs.
G. H. Cash Of San Benito. A vast
number Of her friends and ac-
q%uaintances here are sending Miss
Reed congratulations over the
honor accorded her.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
Advisory Committee
Petitions to Extend
PROBATION Rules

AUSTIN, April 20.-(R-Claim-
ing that cessation Of proration
rules in Winkler county would
subject the fields there to un-
necessary exploitation, resulting IN
waste and sacrifice Of the advan-
tage gained during the time pro-
ration was in effect, the county
advisory committee has petitioned
the railroad commission to extend
proration rules and regulations.
A hearing on the application was
set for May 8. Regulations adopt
ed May 2, 1928, will expire May s.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
GOLF TOURNEY AT
r CITY SOON

KARNES CITY, Texas, April 90
(P-The eighth semi-annual golf
tournament of the Karnes City
Country club will be held on April
%.
Golfers from Yoakum, Cuero,
Gonzales, Kennedy, Kingsville, Lock-
hart, Seguin, New Braunfels, Vic
toria, Goliad, Yorktown, and Eagles
Lake are expected to participate n
the tournament which will be played
over a nine-hole course.
A number Of entertainment fea-
lures have been arranged for the
visitors.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
1000 IN
PARADE WITH PETS
Especial to The Herald.)

N0HOAAAA W
HARLINGEIN, April 20.-Approx-
imately 1000 children of Harrington
paraded down the Harrington streets
Friday with their pet animals and
fouls accompanying them in obser-
vance of national humane week
sponsored by the national Society
for the Prevention Of Cruelty to An
imals. The great number of pets
embraced such a variety as dogs,
cats, chickens, peacocks, parrots,
racoons, 'possums, burros, mules,
horses, ponies, ducks, turkeys, pigs
and canarieS.
First, second and third prizes were
given for the best dog, the best cat,
and the most. unique presentation
in the parade. The judges were
John T. Floore, manager of the Mid
winter Valley fair; Myron F. Ward,
secretary of the Harlingen Cham
Der Of Commerce, and Frank Brun-
naman.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
TO VISIT

GALVESTON. April 20.-(PADr.
Paul S. Galtsoff, chief oyster ex-
pert of the federal bureau of fish
cries, who two years ago made a
survey of oyster conditions along
the Texas coast, is expected here
shortly to confer with A. E. Hopkins,
associate aquatic biologist, now
conducting research work on Of
fats bayou.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
NEW CHIEF

FORT WORTH, April 2o.-tPI-
r. z. Dallas, Amarillo, has been
elected editor-in-chief of the 1880
Horned Frog" student yearbook at
Texas Christian university. w. j.
Rogers, Fort Worth, was named bus
mess manager. These two officers
are elected every spring by members
of the junior class.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
PROGRAM COMPLETE
FOR STAG PARTY

Especial to The Herald.)
HARLINGEN, April 20-The COM
plete program for the Valley-wide
stag party which will be held here
at the Mid-winter Valley fairgrounds
on April 26, has been worked out
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21

TRAMPS HAVE GOOD TIME
WINNETKA, Ill.-When W. r.
Watson and his family returned
from a European trip they found
five tramps living in their hand
some home.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21

For Sale--Modern 5-room home,
screened sleeping porch, garage. On
paved street. Terms reasonable.
Write boX-654, Brownsville.-Adv. %.
Mr.. White and Madam Dore, now
at Cameron Hotel Permanent Wave
shop. Specializing, bobbing, hair
cutting, scalp treatments and facials,
for men, women and children
ADV. %.
You can get the best sandwiches,
sodas, sundaes and service at the
Star Pharmacy, opposite Hospital,
McAllen, Texas. - adv. TT.
Nash Owners can now get the
best of service and repair work at
the Brownsville Nash Co., 1927
Levee.-adv. Is.
Manila Rope, Is cents pound.
Garden hose, lawn mowers, flower
pots, screen wire. Hardware Sales,
End and Fronton.-Adv. %.
Completing Painting - Painting
Of headquarters offices at Fort
Brown is nearly completed.
Fishing TripS-Numerous groups
were organizing fishing parties to
be held at Point Isabel Sunday here
today. Fish are reported as biting
well. despite light winds.
Plan Meet-Legion officials are
planning a general get-together
session to be held Thursday eve
ming at the Elks' hall.
Round Trip-A number Of local
baseball fans were taking advan-
tage Of special rates offered for the
Buff-Cub game to be staged in
Houston Sunday.
Returns-U. S. Commissioner z.
<. Goodrich returned by plane
from Monterrey Friday.
Visits City-Dr. Lloyd Davis. of
McAllen, was in the city yesterday
and called on DR.. Amorette Bledsoe.
Dr.. Davis is recently from the Los
Angeles County General Hospital, a
member of the American Osteo-
pathic Association and expects to
locate In the Valley for the prac-
tice of osteopathy and surgery.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
IN our VALLEY

Continued from Page One.)
steadied and started or the up
grade.
Today there Is a demand for
more potatoes than a be secured
by the shippers. The price has
risen from a low of Sc cash to the
grower to a high $2.75 cash to the
grower.
The deals have been so opposite
they seem to lend color to the
statement that "a bad beginning
makes a good ending" and vice
versa.
Farmers who went in strong for
the 1owly beet and carrot are
grinning this year
Both have been going at a great
rate for many days now and the
price constantly on the upgrade.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21

DOESN'T KNOW LEG is BROKEN
DULUTH, Minn.-Mrs. Mary Rig
by walked about for twelve days not
knowing her leg vas broken. Then
blood poisoning set in and she died.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
CHURCH PENSIONS PLANNED

LONDON.-The Church Assembly
has decided to work out a pension
system for lay workers.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
DIES IN CHAIR AT IO2

LIVERPOOL.-Mrs. Mary Taylor,
aged 102. died sitting in her chair
| reading the Bible,
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21
LIVE LONG IN IRELAND

Notwithstanding to the latest
census there are 824 men and wom-
en- in the Irish Free State more than
95 years old.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1929-04-21

CHARGE MAYOR WITH GRAFT
PARASITIC Communist Mayor
Of Rivesaltes has been arrested for
grating.