davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
GROUP BANKING PLAN
URGED AT HEARING
Minnesota Financier Tells Com.
mittee Old Rural Methods
Have Passed.
BY the Associated Press.

BY the Associated Press.
Asserting that the good old days" in
rural banking that prevailed up to 1920
have definitely ended Lyman z. Wake
field, vice president Of the FIRST Bank
Stock Corporation of Minneapolis, today
described to the House banking COM
mittee the initiation of a group banking
system to reorganize the rural banking
structure of the Northwest.
The Minnesotan appeared as the sec
ond witness in the group banking phase
of the committees financial investiga-
tion,. and supported the opinion ad-
vanced yesterday by E. w. Decker, head
of the Northwest Bank Corporation, an
other Minneapolis group organization,
that the group system was more prac-
teal than branch or unit banking.
by the creation of q group a wider
diverSification of risk and resources is
accomplished than is possible in q single
unit" Wakefield testified, adding that
small branch systems with members
of the group as the parent organizations
might prove advantageous In supplying
bank facilities in towns too small to
sustain a unit bank.
The plan of his organization, he ex-
planned, provides for the retention in
the local community of the strongest
possible control over the affairs Of the
unit. Management remains in the
hands of the resident officers and local
directors the central office exercising its
supervision through periodical reports of
condition, regular examinations and the
adoption of proven standards"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
STOCKS IN lJPTURN
AFTER DEPRESSION
Market Surges Forward II
Afternoon as Selling Pres
sure Is Lifted.
BY STANLEY w. PREN0SH,
Associated Press Financial Editor.

NEW YORK, April 16.-After sue
cessfully passing through another
storm of selling, in which sharp re-
cessions took place in some of the mo-
| tors. accessories and rails, the stock
market turned sharply upward again
today in response to brisk demand Tor
the public utilities, steels, farm nipple
ments and l1igh-priced industrial spe-
sialties, Early losses of TO nearly 8
, oints were substantially reduced or
{ [ inverted into gains, and long lBt OF
is ;ues were marked up l to 10 points
al ove yesterdays final quotations by
ca 4 ly afternoon.
everal constructive business and
tra.a developments helped to stimulate
buIlS III enthusiasm. Weekly steel trade
revieS VS. reported slight increase in OPP
CRATES rs, foreign sales of copper were
renorh ID to be at the highest level since
last Sfs utember as a result of yesterday IS
drastica price cut and the American
TeIepho ne g. Telegraph Co. announced
its long expected offering OF stock sub
scription rights"
New w 1rk savings banks reported that
deposits d n April / we're the largest on
record. A, w. Milhurn, president Of the
Borden CO :, told stockholders that vol
urne of bua mess and profit for the first
quarter weH better than for the same
period OF IN 80, "AUAi E>pih Siho"A4s AAAi
provement Of er March.
weakness of the rails reflected the
NOR traf1c az I'd earnings statements SC
far this year. southern Railway drop
ped 512 points TO a new low at ll4 aHo
St. Louis South western, hacKaWanha q
Reading fell . olntS or more, WIN sew
eral others down point or TWO. CnecK-
err Cab and Good ich Rubber each drop
ped points ana Hupp, Goodyear @Ifo
spicer saQoed {. 312 points.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
POTATO MARKET.

CHICAGO, April Is Up Omitted
States Department of Agriculture) -
Potatoes-Receipts, 81 cars; on track
$50 cars; total United States shipments
667 cars Old stock: Trading fair
market slightly weaker on Russets
steady on other stock; Wisconsin
sacked round whites, 280a3.00; Mime
sofa, sacked round whites, 270a2 30
Idaho, sacked Russets, 3.65a390, a few
fancy a shade higher. New stock
Practically no trading; market dull; no
quotations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
PARIS ROM RsE PRICES.

PARIS, April 10 R.-Prices were
irregular on the Ba urse today. Three
per cent rentes, SO 4 ancs 80 confines.
Five per cent loan, n % francs 80 CEN
times.
Exchange on Londa n, ia francs
centimes The dollar "a as quoted at 20
francs 5012 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
STOCK RIGHTS O EFERED.

NEW YORK, April l6 R-Stock-
holders of the Information al Arn1trage
Corp. have been offered ghts TO SUD
scribe to additional stock az par, 500 a
share, in the ratio of one neN share Iof
each four held. On May IL STOCK
holders will vote on a proposA 70 spit
the stock on a 10-for-1 basis.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16

m n r k G t opening
with 10 shares SELL
ing at T7L2 and
closing with an
other 10 shares
selling at 78l2. The
final quotation was
TIA bid, with none
offered for sale.
Potomac Electric
Power 6 per cent
preferred figured in
several small sales
at 1884,, Peoples
Drug Stores pre-
ferred came out at
108 Il, District Ma
tion a l Securities
preferred sold at
SO and IS shares
of Chaplin Sacks 8
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
NEW YORK STOCK EXCHANGE
Received Private

Nctice-An stocks sold I'm e-hundre6 share lots
excepting those designated by che letter t65sD t2S3s
which shows those stocks 10 be sold In odd lots only
Sales Of Each COmuiied to PM.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
CAPITAL TRACTION
STOCK IS HIGHER
Security Reaches 1912 in
Small Turnover on D. C.
Exchange.
BY EDWARD C. STONE.

Capital Traction climbed to 1914 on
the Washington Stock Exchange today,
following the low mark made last week.
Trading in the issue was very light, the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16

England's new law which s rohioits
the carrying of children under 10 In
canal boats will become effective Janu-
airy /, 1882.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16
SILVER quotations.

NEW YORK, April is CP.-Bar
silver, 42S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16

Grace Securities pf. ,s1.75 U Due Apr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16

Continued On Page LAP
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-04-16

Buildings being erected in Argentina
are according to the most modern de-
signs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-05

Hand Packed Tomatoes z tins Csc
"Sanico" Spaghetti. 3 '''' Csc
Peerless Spaghetti. 3 ''''' 19c
"Sanico" Pancake. 8 DA''' Csc
Aunt Jemima Pancake z D4s'' Csc
"Sanico" Flour. ''-''' bag 45c
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-05
JUDGE SPILL MAN DEAD

Special Dispatch to The Star
WARRENTON, Va, September 81
Judge Edward Guthrie Spilman died
Tuesday at his home near Warrenton,
aged rs. He was a native of Warren
ton. son of the late Edward NJ. Spill
man, Judge of Fauquier County Court,
and Mrs. Eliza Day Spilman. He prac-
ticed law here as young man and
later went to Oklahoma. where he was
made judge and also served for some
years as State librarian.
After the death of his wife he re-
tired from active life and for several
years has made his home with his sis
tiers, near here. He is survived by one
brother, Harry Spilman, and six sis
tiers, Misses Jennie. Lucretia, Lucy.
Nancy and josephine Spilman, and
Mrs. John Harnesberger, all Of Warren%
ton.
The funeral was held today, at IL
o'clock, in st. James Church, War
renton,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-05
SUN NOT AFFECTED
BY BLACKS DEATH
Baltimore Newspapers viii
Continue Former Policies,
President Declares.
~ the Associated Press.

BY the Associated Press.
BALTIMORE, September 5.-'The
control and management of the A. s..
Abel Co., publishers Of the Baltimore
Sun and the Evening Sun, will in no
way be affected by the death of Van
Lear Black, chairman of the board of
directors, or by provisions of his will,
1t was stated yesterday by Paul Pat
terson, president of the company.
The will was admitted to probate
yesterday at the conclusion of q hear
Ing at which proof of the death of Mr..
Black was established. The publisher
and capitalist also known on several
continents because of commercial air.
plane flights that took him from Lon
don to Capetown and Toxic and to
the Dutch East Indies from Holland
disappeared the evening of August 10
from his yacht, the Sabalo which was
en- route from New York to Chesapeake
Bay.
Van Lear Blacks stock in the pub
fishing company was bequeathed in the
will to his brother, Harry s, Black, and
the latter already was the owner Of
larger share in the company than Van
Lear Black, Mr.. Patterson disclosed.
THE Sun papers will pursue their
usual policies, with no change in con-
troll" he said. 1.-The same group of
Baltimoreans who have been interested
in maintaining the Sun papers as Bal
timore institutions will continue in
charge"
MI Black, although chairman of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-05

board, was only one Of . number OF
owners Of the newspapers, and refer
euces to him as the owner, publisher,
principal owner. controlling stakeholder
and largest stakeholder are incorrect,
Mr., Patterson said.
While active with his advice on the
destinies Of the newspapers, Mr.. Black
took no voice in the direction Of their
editorial policy, it was said.
Mr.. Blacks will disposed Of an estate
estimated at more than $4,000, 600. His
brother was made trustee.
Milford chronicle., 1930-12-05
1N&E1
LAWYERS ON PROHIBITION

The American Bar Association
has voted, 1S,479 to 6,S4O, in favor OF
the repeal of the prohibition amend
ment to the constitution. This is a
highly controversial question, on
which honest people feel differently.
Without going into it at this time,
this much can be said.
If ever the 18th amendment is re-
pealed or the Volstead act modified,
it will be done because the element
favoring such action has been able
to suggest some plan by which the
evils of intemperance and crime can
be reduced. The way liquor was
consumed in the old days before pro-
hibition was something terrible.
Mere negative criticism of the pres
ent law gets us nowhere. The peo-
pie will not change it until they are
presented with some definite plan
that promises improvement over
present conditions.
Milford chronicle., 1930-12-05
MUNICIPAL GOVERNMENT

One factor of a progressive town
is good municipal government. A
community is apt to have good mu-
nicipal government, if its citizens
take an interest in their local af-
fairs. Their municipal officers get
many requests and appeals from
people who have some selfish pur-
poses in view, or who have cranky
ideas. But frequently the sound and
sensible people of good judgment, do
not take any pains to present their
ideas.
The result is that municipal Off
cials in many places feel that they
will not be properly backed up, if
they cut out political considerations
and run their offices as a strictly
business proposition. But if the peO-
pie of a city make it clear to their
chosen representatives, that they
want good business government, run
efficiently and without favoritism,
they usually get it.
Milford chronicle., 1930-12-05
HANDICAPPED CHILDREN

One of the principal recommen-
dations resulting from the confer
ence on child welfare held at Wash
ing, was to the effect that commit
tees on handicapped children
should be appointed in every state.
Every state, including Delaware,
produces a certain proportion OF
children who do not get a fair
chance.
The fate of these little ones, bur
dened with some load which they
may have to drag through a life
time, can not be left wholly to
chance, if they are in charge of in
competent parents. Some force rep
resenting the community should be
looking after them everywhere.
Doors of opportunity should be Op-
ened to them, handicaps lifted from
their backs.
Milford chronicle., 1930-12-05
DRAWBRIDGE

The Ladies Aid Society of Zion M.
e. Church will meet at the home OF
Mr.. and Mrs. Leroy King on Wed
nesday evening, December 10. All
members and friends are requested
to be present; and also to bring in
their Rainy Day Bags"
Emma and Samuel LOckerman,
accompanied by their mother, Mrs.
Sarah Lockerman, attended the fu-
neral of their uncle, Willard Z.
Todd, of WillistOn, Md, whose fu-
neral was held at Concord M. b.
Church, Wednesday afternoon at 2
o'clock, November 26. Mr.. Todd was
IS years old and died at his home in
Williston on Sunday evening, fol-
lowing an illness of one week. He
was a former Commissioner of Car
oline County, Md, and had been en-
gagged in the milling business at
Williston where he moved number
of years ago. He was a large land
owner and former Gamer; at one
time having a canning factory at
this place. Besides his wife who was
formerly Miss Wilhelmina Willough-
by of Smithville, he leaves two sons,
Bennett Todd of Baltimore and
Ulysses Todd of Rochester, N. Y,
and two daughters, Mrs. Paul
Knots of Denton and Miss Minnie
Todd of Williston; also a, sister
Miss Ruth Todd of near Concord.
The funeral services were conduct
ed by the Rev. L. B. Handy, assisted
by a former pastor, Rev. A. B. Frye
of Greensboro. Burial was made in
Concord cemetery.
Miss Sarah Reed spent Friday af-
ternoon with Elizabeth and Sarah
Millman.
Richard Stevenson was the guest
of Pierce Russell on Wednesday
evening.
Mr.. and Mrs. VIM. Johnson and
son Edward spent Monday with lel-
atives in Rehoboth.
MIR. and Mrs. David Reed and
family had as their guests on Sun
day last, Wesley Sheppard and son,
Wesley, Jr., of Philadelphia, Mr.. and
Mrs. John Reed, Mr.. and Mrs. Chas.
Maull, Trusten Lo1and, Mrs. Chas.
Smith and Virginia Reed, also
James Reed and family.
Mr.. and Mrs. c. A. Davidson and
family entertained relatives from
New Jersey and elsewhere during
the past week.
Mr.. and Mrs. John Thomas and
children were the guests of Mr.. and
Mrs. Philip Reed on Sunday.
Rodeu Card spent Sunday with
Mr.. and Mrs. Harley Legates and
family of near Coolspring.
Mr.. and Mrs. Maurice A. FREEZER,
Jr., and small son Henry called on
Mrs. Sarah Lockerman and family
on Monday last.
Miss Elsie Wells was the guest OF
Misses Vinyard and Lillian Britting-
ham on Thursday last.
Services at Zion NJ. e. Church
Sunday, December Z, as follows:
Sunday school 2 p. m. Raymond
Lank, superintendent.
Preaching services, 3 p. m., by |
the pastor, Rev. Jas. O'Neil.
Services 1880 p. m.
Everyone welcome!
Milford chronicle., 1930-12-05
SPENDING AND SAVING

People run to unreasonable ex.
tremes in the handling of money
They spend when they ought tC
save, and they save when they
ought to spend. Much of the unem-
ployment of recent months is due to
the extravagances of 1929. A large
part of the families that are hav-
ing to be helped at the present time,
are people who felt flush last year,
and who spent lavishly, although
they had no savings ahead.
Many of them went beyond rea-
son in buying stuff on the install
ment plan. This year they have
found themselves very hard up. The
drastic economy to which they have
had to resort is one reason why
business has recovered slowly from
the stock market crash of one year
ago.
The fact that these people have
been foolish and extravagant is not
a good reason for allowing them to
suffer at this time.
Their mistakes must be charitab-
ly overlooked. Yet it is to be hoped
that as soon as the country RECEIVERS
full prosperity, they will exercise
more reasoned judgment, and will
not again consumer their earnings
as fast as they make them and a lit
tie faster.
The first thing that every family
ought to do, is to accumulate a re-
serve of money against hard times,
unemployment, sickness, or other
misfortune. OF course there are
some expenditures that are produc-
tive. 1t may seem extravagant for an
unemployed man to own an automo-
bile, and yet he may be able to use
that car in looking for work, so
that he will get a job sooner.
The labor saving devices that peo-
ple buy for their homes, may in
some cases seem extravagant, yet
they should so save the health and
strength of the women that they
avoid illness and are able to ac-
complish more. But the little saw
ings bank book should be the first
object which the family has in view.
Milford chronicle., 1930-12-05
WISE GIVING

There is both wise and foolish
giving at Christmas. Many people
spend more than they can afford to,
and many of their gifts are of no
practical use. Many of them are not
even artistic or beautiful. Where
such gifts are exchanged year after
year, much of the sentiment wears
out.
In the main, however, the Christ
mas giving is somewhat sensible
today. People have become tired of
offering things that do not meet a
real need or give true pleasure.
They have conceived the idea that a
gift lacking in such repects is bet
ter not given.
They try to find out what people
want and need, and give something
they would really like. When people
thus put some intelligent thought on
gift, it amounts to something.
Something out of the giver's life
goes into it, and the receiver treas
ures it as proof of affection. Thus
Christmas draws us all closer to-
gether, and makes us realize that
selfish striving should not be the
main end of life.
Milford chronicle., 1930-12-05
THE SUCCESS OF BUSINESS

The prosperity of community de-
pends upon the prosperity of its
business concerns. If they are max
ing progress, they will pay good
wages, and if they are not prosper
Gus, they will not do so. Hence the
best way the average man can work
for his own prosperity, is to do his
best to make the concern he works
for prosperous.
When a business concern has 10y
al and enthusiastic vo-operation
from it's workers, its chances for
prosperity are much improved. The
store where the clerks work heartily
and energetically to hold old trade
and obtain more business, is likely
to enlarge it's business. But bust
ness concern has to show that it ap-
preciates the efforts of it's help, be-
fore it can expect to gain that loyal
cooperation.
Milford chronicle., 1930-12-05
$50
IMMIGRATION RESTRICTION

Senator Reed of Pennsylvania
thinks that all immigration into
this country from the quota nations,
should be prohibited for two years.
But he would admit the relatives of
persons now in America. His idea is
that the constant incoming of aliens
throws our own people out of work.
At a time when there is much un-
employment, it will strike most peo-
pie as illogical to take in lot more
foreigners. Yet many would say that
the prohibition should be very tenn
porary. They dislike to consider
that America absolutely closes its
doors to those who desire to share
our lot. America owes much to the
willing hands of alien workers,
though it is difficult to take care of
any more of them just now.
Milford chronicle., 1930-12-05
STORE BUSINESS INCREASES

The federal reserve board reports
increased sales by department
stores during October. This is a
sure sign of an increase in the con-
sumption of goods. What the depart
ment stores report is probably true
of all retail trade in most sections,
including Delaware.
The experts have been saying for
weeks that the American people are
consuming more than they are pro-
ducing, and buying more than they
are making. With this condition ex-
isting, it should be only a few
weeks before stores all over the
country find themselves short on
various lines, and are calling for
the delivery of goods in hurry.
Milford chronicle., 1930-12-05
Milford, Friday, December 5, 1880
CAUSES OF DEPRESSION

Probably the country will recover
before many months from the recent
business depression. There will
then be a danger that the happy-go-
lucky American people will forget
all about it, and make no particular
effort to prevent such conditions
from recurring. They are like the
man who couldn't repair his roof
when it rained, because then he
would get wet, and he wouldn't re-
pair it when it stopped raining, be-
cause then he didn't need it.
The immediate and principal cause
of such troubles is fear and lack of
confidence in the future, which leads
people to delay buying all kinds of
commodities. But back of that there
are always reasons why these fears
become prevalent. Excessive stock
market speculation, pushing prices
up to fantastic heights, appears to
have been the underlying cause of
the 1929-3O depression. The under
lying cause of the 1920-21 depression
appears to have been the extrava-
gance of the public, which forced the
cost of living up to dizzy heights, and
led to a buyers strike.
The 1894 depression, the one of
19O7-8, and that of 1896, appear
to have been due to threatened or
actual political action in regard to
the tariff, currency, or other similar
questions. The political parties will
differ as to who was responsible for
these conditions.
1t all comes down to this, that
these depressions are due to human
follies and mistakes, which create
fear and lead people to stop doing
business as usual. Both political
parties seem more disposed to unite
to assure good business and indus
trial conditions than formerly. If
people can be induced to avoid such
personal follies as brought on the
1920 and 1929 depressions, it would
seem as if it should be possible to
prevent such misfortunes to large
extent in future.
Milford chronicle., 1930-12-05
ENGE
RETURN OF THE FENCE

The sellers of most of our old
towns built fences about their
homes. In many rural communities
such protection was necessary, as a
defense against the cattle that were
driven through the streets. Euro
pean homes usually have high walls
or fences today, and many people
brought the idea over from those
old countries. Some folks like the
seclusion of a well fenced home.
About 25 years ago, the majority
of American towns began to remove
fences from their homes. The sight
of green lawns between the houses
and the street, with the view unob-
structed by any fence or wall, made
q neighborhood look like a public
park, and people liked it. Also it
saved expense for maintaining
fences.
Today many people are erecting
fences around their properties again.
Few of them have to guard their
lawns from cattle. But the modern
American boy. does more damage
than any dumb animals. The kids
frolic on the Towns on which people
with difficulty and labor are trying
to raise grass.
The householders may tell them
again and again not to cross their
land, but they consider it huge fun
to disregard such warnings. But a
boy will thing some time before
climbing a fence with sharp wires
or points on top. His trousers are
his most vulnerable point, and he
will go around some distance to
avoid tearing them.
If people had been more generous
in providing Fairgrounds for the
boys and girls, they might not be so
lawless in crossin gthe lawns. A
pretty hedge running across the
front of place is a useful reminder
that the land is not public property.
People are more and more desirous
of keeping handsome looking places,
and if the kid element persist in
trampling down the grass, many
families will decide that hedges and
fences are necessary.