davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-05-24
NEW HAVEN HAS
NET DROP

NEW YORK, May "a. - New
York, New Haven and Hartford
railroad, reports a net income, or
surplus after charges. of the first
four months, of $4,407,277, after
taxes and charges, which is equal,
after guarantees and preferred
dividends to $1.90 a share earned
on 1,571,179 shares of common
stock.
In the corresponding period of
last year, the road reported a net
income of $4,800,135, which was
equal to $2.13 a share on the
common stock.
Gross for the first four months
totaled $40,108,752, as compared
with $43,497,616, while net op-
Grating income for the period
amounted to $7,705, ,730, as com.
pared with $8,830,99l last year.
Net income for the month of
April aggregated $l.300.663, as
against $l,575,752, while gross was
$10.297 632 and net operating in
come $2,070. .406 as against Sill
629.988. and $2,586,855, reSpec-
lively last year.
The Washington times., 1930-05-24

% Forecast for Week Made By Bankers Spectator Learns
Fall Appeal Filed
To Stop Collection
OF Taxes on "Bribe"

Fall and M. T. Everhart, Falls
son-in-law.
The bureau held the 100000
Fall received from Doheny which
he said was a loan, was income.
Fall was convicted of accepting
this amount as a bribe to influ-
ence the award of the Elk Hills
Naval oil reserve to Doheny's
Pan-American Co., but Doheny
later was acquitted of giving Fall
the money as a bribe.
During the trial of Sinclair on
charges of conspiring with Fall
to defraud the Government out
Of the Teapot Dome Naval Oil
reserve which resulted in his
acquittal, it was brought out Sin
clair had paid Everhart $233,000
IN Liberty Bonds for one-third
interest in the ranch owned by
Fall and EVerhart,
The Washington times., 1930-05-24
NORTHERN RAIL
DEAL OPPOSED
Times Staff Photo

Opposition ito the proposed
merger of the Great Northern and
Northern Pacific railroads was
registered before the Interstate
Commerce Commission yesterday
by a congressional delegation
from the Northwest.
The committee consisted Of Rep
resentatives Clague of Minnesota
Burtness of North Dakota, Will
hanson Of South Dakota, Leavi {
of Montana, French of Idaho,
Summers of Washington and
Butler of Oregon. They urged
postponement Of the proposed
merger until Congress has passed
permanent railroad consolidation
legislation.
If any unification is approved
by the commission, it should not
end at the Twin Cities, but should
include a direct line as far east
as possible. at least as far as
Chicago. they said.
Consolidation of these lines is
not practical at present. because
the commission has not completed
its valuation of railroad property
in conformity with the recent
decision of the Supreme Court
in the O'Fallon case, the dele
cation claimed.
Many communities would be
seriously affected by the pro-
posed merger, through relocation
of repair shops, rerouting. etc,
they added.
The Washington times., 1930-05-24
WESTERN GOES
To BYLLESBY
Times Staff Photo

CHICAGO, May "a. - Control
ing interests in Western Cont
mental Utilities, Inc, will shortly
be acquired by H. M. Byllesby
and Company and associated in
terests, including Central Illinois
Securities Corporation.
There will be no change in
the operations Of the company,
which remain in the hands of
Chester H. Loveland, president.
The board of directors. however,
will include Philip R. Clark, pres
ident of Central Trust Company
of Illinois; J. H. Briggs, vice
ident of H. NJ. Byllesby and Com
pany. and Carroll E. Gray, jr..
executive vice president of Cen
tral Illinois Company.
1t is expected that an expan-
sion program for the develop
ment and inclusion of properties
in various parts of the United
States will be undertaken shortly,
The corporation was organized
in Delaware in February, 1929,
and through subsidiaries controls
properties having a net sound
value in excess of $4,000, 900.
The consolidated gross revenues
Of the properties, for the year
ended December 81, 1929, equal
$2,750,000, and the consolidated
net revenues for the same period
equal $1598,000.
Properties OF the corporation
furnish public utility service in
four States to a combined pop,
ulation in excess of 100000.
The Washington times., 1930-05-24
Federal Water Net
Is S3.16 on Glass 4

Federal Water Service Corpo-
ration. Subsidiary of Tri-Util
tiles Corpora ton, reports that
consolidated gross rev enues
amounted to $l6,5O7,274 for the
year ended March 81, as com
pared with $15.47841l for the
preceding II months, an increase
of $1028,862, or 6 64 per cent.
Operating and other expenses
totaled $7.274.071. as against
$6,823, 1865. Gross corporated in
come of $9,233,2O3 showed an
increase of $578,658. Net income
was $3,321,17O, as against $2,458,-
779 for the II months ended
March 81, 1929.
After preferred stock dividends,
balance of $2,330,797 was avail
able for dividends on class A and
class B common stocks. This is
equivalent to $4.28 per share on
the 544,168 shares Of class A
stock outstanding, of which over
$3.16 is applicable to the class A
stock.
The Washington times., 1930-05-24
Merger Will Wait
COnqreSS Action

Postponement of appeal of the
Great Northern-Northern Pacific
railroad merger until Congress
has enacted permanent railroad
consolidation legislation was re-
quested of the Interstate Com,
merce Commission today by
committee of seven Congressman
from Northwestern States.
Representative Clague (RO Of
Minnesota, chairman of the com
mittee, said he was sure no action
would be taken by the commits
sion pending another order and
full hearings.
Officials of the roads also told
him. he said, the merger is not
imminent.
The Washington times., 1930-05-24

Albert B. Fall former Secretary
of the Interior, has filed an ap-
peal with the U. S. Board OF Tax
Appeals against the Governments
effort to collect income tax on
money Fall and his Tres Ritos
Cattle & Land Co., Of Three
Rivers. N. M, received from E. L.
Doheny and Harry F. Sinclair,
oil magnates.
The Internal Revenue Bureau
assessed Fall and his wife a
total of $158,127 in deficiency
taxes and $77,198 in penalties for
failing to report total of $403,-
900 as income. The bureau as
sessed the deficiency and pen
alties on 100000 Fall received
from Doheny in 1921 and total
of $303,OOO paid by Sinclair to
The Washington times., 1930-05-24
RIVAL BLOCKED
BY PENNSY IS
CLAIM
Bought Wabash Stock to
Guard Own Lines, Atterbury
Tells the |. C. c. Board
BY HARRY WARD
International News Service


I The object of the Pennsylvania
Railroad in acquiring stock con-
troll of the Wabash and Lehigh
Valley railroads was purely de-
fensive and designed to preserve
it's position in the Eastern rail
road consolidation situation be-
cause of a virtual agreement be.
tween the New York Central, Bal
timore and Ohio and the Van
Sweringens, w. w. Atterbury,
president of the Pennsylvania,
told the Interstate Commerce
Commission yesterday.
The commission has charged
the Pennsylvania with violation
Of the Clayton antitrust act in
acquiring stock control of these
two roads through its two holding
c IN pani S-the Pennsylvania
Company and the Pennroad Cor
poration.
LOree Suggested
When L. F.. Loree, then presi-
dent of the Delaware and Hudson.
suggested that the Pennsylvania
join in purchasing the Wabash.
Atterbury acquiesced on the the
ory that since there was little
prospect of harmonizing the four
party conflicting ideas it would
be of advantage since the Della
ware and Hudson was considered
a - friendly interest, Atterbury
said.
The five detectives Of the Penn
sylvania, he said, are:
l. Establishment Of a line
across the upper reaches of the
Susquehanna River in Pennsyl-
vania, over the Delaware River
and into New York.
2. Another line across the lower
reaches of the Susquehanna
through Harrisburg and over the
Delaware River to New York.
3. A new line on the south
shore of Lake Erie.
4. Trackage rights between st.
Louis and Detroit.
5. A line between st. Louis and
Chicago.
Short Route Desired
Discussing reasons for the
Pennsylvania wanting the new
line across Northern PennSylVa-
mia, Atterbury outlined the
handicap its road has been un
der between New York and Chi
cago since its line from Buffalo
to New York is CirCuitous. This,
he said, prevents successful COM
petition with other lines out OF
Buffalo. but which the Lehigh
Valley would afford.
Atterbury said he thought the
Lehigh Valley was an important
factor in the consolidation stu
alton. 1t has long been closely
affiliated with the Pennsylvania,
in its workings and it has always
been hoped that some time the
Pennsylvania would acquire an
interest in the Lehigh.
He said he was thoroughly sat
ASAASN CAAoC Will II1C OCldWdI6 ana
Hudson as financial factor of
a fifth system and the Wabash
and Lehigh Valley its physical
Vertebrae, successful undertak,
ing could have been put through
by the Pennsylvania by virtue of
its Wabash purchase, and the
Pennsylvania would have been
safeguarded in every way.
Analysis of the Wabash con
Vinced Pennsylvania officials it
would give the Pennsylvania all
the advantages which the Grand
Trunk and Alton would have of
fered and it was for this reason
Atterbury accepted Loree's Sug-
gestion that he buy the Delaware
and Hudson holdings in the Wa
bash and Lehigh stock which Lo-
rec had purchased for the joint
account of himself and Atterbury.
The Washington times., 1930-05-24
NeU Securities List
ShOLUS Good Increase

NEW YORK, May "a. - New
securities placed on the market
during the week ended May %
amounted to $208,453 900 and
consisted of $173,253, 900 in new
bond issues and $35,20O,OO0 in
stock .flotationS.
In the previous week combined
lew financing totaled $196, ,849. 500
of which new bond offers
amounted to $1S2,337, 900 and new
stocks only $14,512,500.
The Washington times., 1930-05-24
BUSINESS RISE
SEEN DURING
APRIL
Reserve Board Notes Gains
in Auto Industry and in
Building Contracts Awarded

Industrial activity increased
somewhat in April over the rate
prevailing in March. according
to the monthly review of the
Federal Reserve Board yesterday
While the decline in factory
employment was no more than
the seasonal rate, factory pay
rolls showed a smaller reduction
than usual, it was stated.
Production in basic industries
in April was slightly iargeer than
in March and the boards ndex,
which makes allowance for the
usual seasonal changes, shows
an increase of about z per cent,
offsetting a large part Of the
decrease in March.
Automobiles Gain
Output Of automobiles showed
the usual seasonal expansion.
Steel output declined seasonally
in April and the early part of
May. The output of silk textiles
was considerably reduced, and
woolen mills curtailed opera
tions, though less than season
ally.
Cotton mills were more active
in April and there was some in
crease in stocks. In the first half
of May, however, a program Of
curtailment was instituted In the
industry.
In comparison with the first
four months of 1929, a year OF
exceptionally active business. pro
duction was smaller in almost all
major branches Of industry. with
the exception of tobacco. In COM
parison with 1923. however. out
put was larger in the automobile,
petroleum, and silk industries,
slightly smaller in steel and coal,
and considerably smaller in cot
ton and wool textiles. flour. meat
packing, automobile tires, and
lumber.
Building Gains
Building contracts awarded dur
ing April, according to the F. w.
Dodge Corporation. were 6 per
cent larger than in March, re-
flecting further expansion in
awards for public works and
utilities, and some increase in
residential construction, largely
seasonal in character. In the
first two weeks in May there
was a further increase in build
ing activity.
Department store sales in
creased during the month by an
amount estimated to be slightly
larger than is accounted for by
the late Easter holiday.
The value of foreign trade de-
creased further in April. and for
the first four months OF the year
exports were about 20 per cent
smaller than a year ago, when
trade was exceptionally active.
In part this decline reflected the
lower level of wholesale prices.
Trade Volume Off
After soaring above the 1929
level in the week ended May 10,
the volume of business receded
somewhat in the week ended May
II, according to the Commerce
Department review yesterday.
AS measured by check pay
ments, the volume of business in
the latter week was nearly 20
per cent greater than the 1923-25
average, however.
Steel operations were off Slight
ly from the preceding week,
standing exactly at the 1923-25
average.
The Washington times., 1930-05-24
Stock Split Plan
For Amer. Machine

Directors of the American Ma
chine and Foundry Company have
approved a plan which will call
for an increase in authorized Capi-
tai shares and the issuance Of five
shares of new stock for each share
outstanding and the retirement of
all the outstanding per cent pre-
ferred at lis plus accrued divi-
dend.
This plan will be submitted at a
special stockholders meeting call
ed for June 16, at which stock
holders of record June 2 will be
entitled to vote.
The Washington times., 1930-05-24
North Texas Oil Co.
Net Profit LOUeT

North Central Texas Oil Com
pany, Inc, reports a net profit for
the quarter ended March 81, of
$45,954, after depletion, leases,
write-offs and Federal taxes, as
compared with $76,15O in the first
quarter of 1929. Capital stock
consists of 100000 61a per cent
preferred and 268,100 no-par
shares of common stock.
Balance sheet as of March 81,
1880, shows total assets of $3,334,-
766, and surplus of $344,818. Cur.
rent assets were $1,072 ,460. and
current liabilities $55, 5,447.
The Washington times., 1930-05-24
PRODUCE SHIPMENTS

Car-lot shipments reported for the
entire United States for Thursday.
NC NEUTRALITY-SUSPICIOUS.. S2; Texas,
onions-alifornia, 2J; New York, /:
Texas, 1O1 Total 127.
Potatoes-Ala bama, 1872; Florida, 81;
Georgia, 35; Maine ESQ; South Care
lima, 292; Texas, 163. Others 1871.
Total 1.121.
straw wherries-Kentucky. "a; Mary
la nd. "a; Missouri, 81; Tennessee, rs
Virginia, %, Others II. Total 14S.
Ohio, /: South Carolina, 4; Texas, 1ES.
Total ISL.
The Washington times., 1930-05-24
Burlington Traffic
ShOLUs Gain in April

Traffic on the Chicago, Burling-
ton and Quincy railroad showed a
decided pickup in April, but the
month of May has not maintained
the improvement, according to
Frederick E. Williamson, president.
The month of May is running
about 10 per cent behind last year.
he stated.
For the first quarter of this
year, the Burlington reported
gross revenues of $34,016,864, as
compared with $38, 8,66O,122 in the
corresponding period a year ago.
The Washington times., 1930-05-24

fact is responsible for the recent
strength of the stock.
General Motors continues to
receive the support of leading
banking interests, who predict
much higher prices for the stock.
The company continues to di-
verSify its production lines.
The Washington times., 1930-05-24
TOWN SHOWS GAIN

HILO, T. H., May "a 0.N.SD.-
Census supervision today an
nounced the population of his
city as 19.400, as compared to
10,43l 10 years ago.
The Washington times., 1930-05-24

WHO WAS asked to give his
views on the efforts of Armour
and Swift and Company to
have the packers consent decree
of 1920 modified by the SUI
preme Court In a resolution in
troduced in Congress yesterday.
The Washington times., 1930-05-24

Continued strength in Coca Cola
justifieS the prediction made here
several weeks ago that this issue
would sell 10 to 20 points higher
before the summer ended. This
is one Of the hot weather"
stocks which benefits most in the
summer months. 1t might even
cross 200 before the end of
August.
The Washington times., 1930-05-24
Case Threshing Machine

Sensational recovery of Case
Threshing Machine yesterday fol
lowed organization of new pool.
The operators who pushed up the
price last week are taking part
in the operation. but their buying
power has been augmented by
addition of several other i'm
portant market makers. I would
not be surprised to see this stock
cross 400 within the next five or
six weeks,
The Washington times., 1930-05-24

April reports on the automobile
industry indicated that conditions
in that field have returned to
nearly normal. It must not be
forgotten, however, that 1929
activity in this direction was
above normal.
The Washington times., 1930-05-24
Chrysler

From sources close to the man.
agement, I hear that Chrysler's
sales and profits have been ex-
panding materially in the cur
rent quarter. Undoubtedly this
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-15
Show DECREASE IN
EMPLOYMENT TOTALS
Labor Department Says IS Ma
ior Industries Have Cut
PayrolIs Recently

Washington, Nov. 15.-ReA de-
crease Of IA per cent from September
in employment in 10 major industries
was reported today by the labor de-
partment.
Payroll totals decreased 0.8 per
cent in the same period. The Al 1899
concerns reporting to the department
listed 4,84O,914 employees for October,
with combined earnings Of $122 ,578,-
265 a week.
Excluding manufacturing, the sur
veyed industries showed a decrease Of
80 per cent In the number OF en-
ployes, but an increase of o. per cent
in payroll totals. Manufacturing in
dustries reported q decrease. Of IL
per cent in employment and 20 per
cent in payroll totals.
Four groups showed increases In
employment for the month, anthra-
cite mining SIS per cent, bituminous
coal mining IL per cent, retail trade
3.8 per cent, and crude petroleum
production OF per cent.
The industries showing decreases
besides manufacturing, were: Metalh-
ferrous mining. quarrying, telephone
] and telegraph, power light-water
electric railroads, wholesale trade, no.
tells and canning.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-15
NORTHWEST PIONEER
lis BURIED AT TI0CA
lemuel M. Marmon Came tc
Dakota in 1873; Was Guide
and Buffalo Hunter

Williston, N. D., Nov. 15.-(F-The
death of Lemuel M. Marmon. whose
funeral took place at Tioga Tuesday.
closed the career Of an early pioneer
of northwestern North Dakota.
Marmon, who died at the age OF
Is. came to the Williston locality in
1873. He cut wood for steamboats,
that piled the Missouri, hunted and
trapped.
For a time he was in the military
service at Fort Buford and particle
pated in an expedition to round UP
Sitting Bulls band in 1880. Follow
ing this he engaged in Buffalo hunt
ing and ais, for a time in freighting
along the Yellowstone river.
He joined Robert Mathews anC
George Grinnell in formation Of a
train If 13 wagons and made three
expeditions for buffalo to the Little
Big Horn country. Grinnell and
Mathews. who preceded him into the
northwest, died many years ago.
Marmon died at Altoona, Ia, of
anemia.
He took a homestead on some OF
the land on which the city now
stands. About 80 years ago he moved
to a farm to engage in raising horses.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-15
POSTAL SCANDAL TO
BREAK IN CAPITAL
Blaine Says Facts Found During
Investigation Will Be Dis
closed Later

Chicago. Nov. 15.-(P)-The trek OF
the senate committee on the hunt for
Irregularities in post office leases to-
Gay was expected by its chairman,
Senator John j. Blaine Of WiScon-
sin, to bear it's fruits in Washington.
More tangible disclosures were
looked for in st. Paul, Senator Blaine
said last night as the committee con-
cluded it's inquiry here, but he added
that. well really break it wide open
when We get back to Washington"
Blaine read part of a letter into
the committees record in which ia
cob Kulp. Chicago investment broker,
was declared to be lin a hole" in
connection with the financing Of a
new lease on Postal Station y. Chi
cago, and could not carry it through.
The senator did not reveal either the
writer Of the letter nor to whom it
was addressed.
The committee will open its st.
Paul session Monday.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-15

4ing pavilion. a power house :.ddi-
ton, shops for the mechanic arts,
farm engineering. a biology green
house. dairy barn and equipment, 6
new lihrery. and the remodeling OF
Frances hall for the pharmacy school.
The experiment station requests
$424,900, an increase of $3.50 900, while
the extension division is seeking
$1e9.0O 0 o $81 1886 in. excess of the
amount granted for the current bien-
mum.
Requests are mace every two years
BY institutions and state departments
to the budget board, and the boards
recommendations are placed before
the legislature.
A total OF, s12. 47S. 76O. 80 is requested
from the general fund, raised by tax
alton and from miscellaneous fees. en-
Guiding income such as from the mo-
tor vehicle department, vorkrnen':
compensation bureau. game and fish
hail department and other funds
This is an increase Of 5 3 ,434. 293. 81
over the appropriations allowed by the
last legislature.
Other appropriations are :1ads
from special funds.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-15
Oregon Capitalist
And ramOu Held

Portland, Ore. Nov. 15.-P-Nel-
son G. Bowles. "a, capitalist, and Mrs.
Irms Loucks Paris, Is. his former
secretary, today were at liberty un-
der 5000 bail each on statutory
charges filed against them by Police
Chief L. v. jenkins.
Under questioning In connection
with the death Of Mrs. Leone Bowles.
who died from q knife wound in Mrs.
Paris apartment last Wednesday, po-
lice said Bowles and Mrs. Paris adj
mitted they stayed in the latter's
apartment the night preceding the
tragedy.
Mrs. Paris and Bowles maintained
throughout their long grilling yester-
day that Mrs. Bowles stabbed herself.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1930-11-15
BOYD CHAMLEY, IL,
ELECTED HEAD OF
CITIZENS LEAGUE
Criggs County Boy Is Honored
by Group at Convention
Ending Saturday

Boyd Chamley, IL, of Walum,
Griegs county. was elected president
of the North Dakota Young Citizens
League at the closing session Of the
first annual convention here today.
Or. william Wemett, Valley City, is
senior president.
Other Junior officers named were
Billy Finch, Stutsman county, vice
president: and Evelyn Holm, Valley
City. secretary.
Prof. NJ. M. Guhin, Aberdeen, who
originated the Young Citizens League
of South Dakota, and d. G. Mills.
Pierre. state director for the Y. c. l..
in South Dakota, were speakers on
the program this morning. They re-
viewed the work of the league as
carried on in their state.
Ten counties were represented this
morning with about IS delegates and
more than 80 visitors.
Through the courtesy of the D. A.
r. chapter. the young people yer
| permitted to visit the Roosevelt cabin
this morning, as we'll as the Mandan
| Indian lodge. recently placed on the
CdpltOl STOuIluS.
Band Is Feature
An unusual entertainment feature
of the convention yesterday was the
| appearance of Uncle Sans Y. G. l..
| band. of Glover, which is composed
of 20 children from the first, second
and third grades. Miss Florence
Brastrup is director.
More than so children and almost
as many teachers, superintendent
and visitors were seated at a banquet
last evening in the Patterson hotel
Terrace Garden. DR.. Wemett presid-
cd, welcoming the guests in a brief
| talk in which he set forth the quail
fications of good citizenship as taught
through the league work. Billy
Finch, representative of q league III
Stutsman county responded.
Governor George Shafer and Miss
Bertha Palmer, superintendent OF
public instruction, were speakers. The
governor commended the league for
its activities in making dependable
100 per cent American citizens.
Benefits Are Cited
Miss Palmer pointed to the benefits
of learning by observation and &C
tual practice of self-government as a
foundation for citizenship.
Yells by the boys and girls under
the leadership of Prof. William Jack
son. Glendale, enlivened the dinner.
Preceding the program dance num-
bers were presented by girls OF the "
s. Indian school under the direction
of Mrs. Bruce Doyle. Joan Sheppard
hidden. gave a dramatic reading.
RESOLUTIONS adopted at the close OF
the convention this morning contain
ed an expression of appreciation &c
the board of administration Tor tne
use of the house chambers; a YOU
of thanks to state officials, Officers
of the league from South Dakota, ane
to the band Of Glover and the 1ndlaf
girls. on,.
They recommended that the league
stress law and order, courtesy, clear
craftsmanship. and patriotism. Mem
beers of the committee were Wilma
williams, Adeline Schowboe and Dor
othy Scia.