davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-08-07
Southern Industry
Must Develop Own
Policy, Group Told

velOpment. ThrOughOut Amer
lean industry, there II now .
greatly increased interest on the
part Of employers in the well
being Of their employees. This
interest Is in part the result Of
the desire 10 reduce wasteful
labor turnover and to maintain
q stable and efficient working
force, but In larger part the con.
sequence Of the growing social
mindedness Of American indus
trial management and Its reali-
xatiOn. Of both It's economic re-
sp0nsibility 10 the individual or
stOckhOlder owners Of the busi-
ness enterprise and It's social re
spOnsibiIity to the working men
and women In its care during .
large part Of the working day.
This social viewpoint Is rapidly
spreading in American industry
and IL contributing largely TO
the Improvement in the cOndi-
tiOns under which wage earnerS
work.
"The third fundamental OBJ
jeCtive Of sound labor policy
concerns the maintenance Of
satisfactory employer empIOye
relations. When an industrial
establishment Is small and di.
rect contact between manage
nent and the workers Is feas-
ible, the problem Of maintain.
ing satisfactory relations Is
largely personal. In the case Of
larger establishments, however,
this becomes increasingly Inn.
practicable, making IL necessary
to devise effective substitutes
for personal contact, which will,
nevertheless, stimulate the EN-.
plOyes to understand and ap-
preciate managerial policies
and to work cheerfuIly under
them. Resort by either side i'm
The employment relation to
measures intended To compel
compliance with specified de-
n1andS is . form Of economic
waste and social maIadiuSt.
ment, which industry has sought
TO eliminate by developing mn.
tual recognition of common in.
tereSts and q spirit of voluntary
cooperation. II is LARGELY
through the payment Of adc-
quate wages and the Hnainte
nance Of attractive conditions Of
work that this objective Of. CO.
operative effort Is obtained.
"The fourth objective of
labor policy II the rendering Of
royal and efficient service by
the employees. In asking for
efficient service from the work
er, management Is rightfully
seeking q proper labor return
for Its wage expenditures and
proper cooperation designed
to promote the success Of the
industrial enterprise and the
performing Of an adequate So
cial service, even. though man.
agement in its effort is funda.
mentally prompted by the profit
motive. In the end, It's financial
success will also benefit the EN-.
plOyes."
Alexander made 1t clear that
and application of
abor policies not only come
within the special province Of
management, but that best re-
suits were obtained when man.
lgement worked out the solution
If such problems in accordance
With the special requirements Of
he individual business enter
prise.
The Washington times., 1930-08-07
ks Wen Supported Despite Day. Spectator Tells Public
Wall Street
Hears:

That Thacher fTCH, milk
bottle maker, win show only y
10 per cent drop for the first
six months. Last half Of year
always best.
That General RefractOries
(GRXD earnings win show in
crease in this quarter. Profits
In first half Of year were ahead
Of 1929.
That United Carbon (UCB)
earnings this year viii Just
about cover the So dividend.
That Bangor q ArOstOOk
(BNKD are considering boost
Ing dividend rate 90 81.
The Washington times., 1930-08-07
Baltimore Firms
Bid for Steamers

The Union Shipbuilding Com
pany, of Baltimore, has submitted
a bid of $193,774 for 10 steel cargo
steamers offered by the Shipping
Board for scrapping from It's
laid-up fleet, representing an sg-
gregate deadweight tonnage Of
3,138. The Boston Iron and
Metal Company, Baltimore, sub
mitted a bid of $130, ,055 for the
vessels. Ships are located at Phila-
delphla. Staten Island, New York
and Caldwell, N. Y,
The Washington times., 1930-08-07
Kaybee Stores ShOD
July Sales Increase

Sales of Kaybee Stores. Inc, q
chain store system. for July were
reported as $85. 1857, against $751;
334 in July. 1929. an increase OF
SIS per cent.
For the seven months ended
July 81, 1890, sales amounted to
$934,447, compared with SLOT ,06S
for the same period in 1929, an in
crease Of 32.2 per cent.
The Washington times., 1930-08-07
P. e G. Employees Get
S913,OOO Dividends

Employees Of Proctor & Gamble
Company have received dividends
totaling $913,OO0 for the year
ended June 80, 1880, on common
stock held by them which was
purchased through the company.
AS of June 80 last. 5.317 employees
were holders, owning 235, $3.50 COM
mon shares. This compares with
SOFT a year ago holding 226, ,966
shares, on which dividends of
$685., 900 were paid.
The Washington times., 1930-08-07
Normal Decline In
July Building

Construction contracts awarded
during July in the 81 States east
of the Rocky Mountains were
valued at 1857 ,52S, 400, according
to the F. w. Dodge Corporation.
This was a drop of 80 per cent
from the total Of $500, STA, 400 for
June and a decrease of A per.
cent from the $652,436, 100 for
July, 1929.
The Washington times., 1930-08-07
N. Y. Curb Sltspends
James III. M'Gean

At a special meeting Of the
board Of governors Of the New
York Curb Exchange yesterday,
James H. McGean, Of Sutro and
Company, was suspended from
associate membership for three
years from July 8, 1880, in &C.
cordance with article II, section
z, Of the constitution.
The governors also suspended
Emil Sutro, of San Francisco. Of
Sutro and Company, from asso.
ciate membership for the period
August 4, 1880, to September 2,
The Washington times., 1930-08-07
BAL T|NORE CO.
0VEREARNS
DIVIDEND.
0 Grating Results Less
Favorable, Due to Adverse
Conditions, Report Shows

BALTIMORE. Nd, Aug. T.
The semi-annual report of Com
mercial Credit Company and sub
sidiaries for the six months end
ing June 80, 1890, shows all divi-
dends more than earned for the
period and further substantial In
creases in diversified time-sale
purchases, other than automo-
biles.
Dividends on the First Prefer
red. Glass B and Subsidiaries pre-
ferred stocks were earned 3.34
times. Dividends on the So
Glass A Convertible stock were
earned 3,53 times, with $1,141,-
256.69, or $l.1O per share, ap-
plicable to the average common
stock outstanding for the period.
The operating results are less
favorable for the six months
ended June 80, 1880, than for the
corresponding six months Of last
year. Gross volume Of receiv-
ables purchased during the six
months was $2O2, 2,419.4 .448.49 as
compared with $238, ,Oi4. .9O1 II for
the same period in 1929. Adverse
business conditions were respon-
sible for decreased volume, yet
the continued increase in diversi-
fled volume as outlined by A. e.
Duncan, chairman Of the board,
in his letter to the stockholders
is viewed with satisfaction. Re
possessions, losses and past dues
increased as the result of business
conditions but these items are
reported to be again normal. Mr..
Duncan's letter follows. in part:
after charging off all known
losses and doubtful items and
providing large reserves for
: deferred income deducted in
advance, possible future losses
: and taxes, the consolidated
net operating income for the
period, less minority interest,
was S2,271,256.69, rs compared
Z with S2,92S, ,624.62 for same
period Of 1929.
'FWhile the operating results
are less favorable than for
the six months ended June 30,
1929, they are better than prob
ably has bene generally an
ticipated. As was expected,
existing adverse business con-
ditiOns substantially increased
past dues, repOSSesSiOns, losses,
and as q result thereof, man
asement expenses. For some
time past, current repOsSesSiOnS
Of automobiles and current
losses have again been about
normal, which now facilitates
reduction in management ex-
penses, and lower interest
rates on borrowed money win
have an increasing favorable
effect. RepOssessiOns Of arti-
cles other than automobiles
continue to be insignificant.
Through exchange of its
common stock, your company,
on April 4, 1880, acquired vot-
ing and management control
Of Credit Alliance Corporation,
New York, and q similar offer
to the remaining stockholders
is ut present outstanding. which
offer Is based practically upon
the LIQUIDATION value Of the as.
sets Of the company"
The Washington times., 1930-08-07

UNIVERSITY, Va, Aug. z
While Southern industry should
develop It's labor program IN &C
cordance with local needs and cir
cumstances, there would be nc
more justification for setting up Q
special labor policy for the South
than for any Other section OF the
country declared Magnus w. Alex
ander, president Of the national
industrial conference board, New
York, in an address today at the
Institute Of Public Affairs OF the
University of Virginia. The sub
ject of the address was "A Labor
Policy for the South"
Alexander said:
Sound labor policies will not
be different when applied In the
South or the North, the East or
the West; in manufacturing or
mining, I'm transportation or az
ricuIture; In industrial or com.
mercial occupations. The Spe-
cific methods Of their applica-
tiOn, however, will in part, Re
determined by local considers
tiOns and similar circumstances.
Thus, the South has its perplex-
ing racial problem, which must
necessarily affect its Labor prob
lem, and living standards and
living costs in the South are diff
ferent from those In other sec
tiOns Of the country. Climatic
r and such other differences Is
regulatory legislation, tax bur.
dens upon business enterprise,
opportunities for vocational edu.
cation and matters of like char
acter-an Of these factors bear
directly upon the determination
Of individual or group labor poli-
cies.
Because Of It's moi recent
rapid growth, Southern industry
may tell profit from the expert
ence Of industry In other parts
Of the country In the working
out Of Its labor policies. II
would. however, be . pity IL
Southern industry should mere.
ly copy without at the same
time exercising It's own initia.
tive I'm developing sound ideas
responsive to It's own social and
industrial status and potential.
ties. II its labor policies ere pre-.
dicted upon the fundamental
detectives which long experience
has shown to be required In our
civilization and i'm our time and
shaped to suit les own local
characteristics, the South will
advance q long way in the diFec-
tiOn Of an adequate solution Of
the vexing problem of labor
management and will create .
solid foundation for Its future
social and industrial prosperity
and growth"
Among the fundamental objec'
tiveS Of q sound labor policy
Alexander included just and ade
quate remuneration of employees
establishment of safe, sanitary
and otherwise attractive Aondi
tions of work; maintenance OF
satisfactory employer -emplOye rela
tions; and rendering of loyal and
efficient service by the employe
Concerning the elements above
as necessary In a sound labor
policy Alexander spoke, In part,
as follows:
The second objective under
lying the determination Of La
Dor policies, namely the estab-
lishment Of sanitary, safe and
otherwise attractive conditions
Of work, is likewise q modern de-
The Washington times., 1930-08-07
EXPERT STILL ADVISES
P0STPON|NG. BUYING
Five Stocks Recommended; Continental Oil
Good Bet; Utilities Shaky; Bonds
Look Good, Expert Says
By THE SPECTATOR

The bulls ran another hornets nest yesterday There
lot bad from the industrial world Car oaongs
down dscouraging and electricity output
reported by OF the larger companies was lower
This too market and more than even Mgner
prices could There much announcement
the way stocks acted They stubbornly fighting
all the way down meeting good support MY
yesterday s holds good however Stay on the so
lines and let the market tell its story.
For those who want believe further reaction will
provide the opportunity quick turn In doing this pick
the leaders and satisfied with small profits Investors be-
heve little by waiting and get the good stock
much cheaper.
The Washington times., 1930-08-07
Nevada Copper Wins
Suit .OUer Ore Pit

Judge Frank H. Norcross in the
United States District Court Of
Carson City. New, has handed
down a decision enjoining the
Consolidated Copper Mines Com.
pany from interfering with Ne
vada Consolidated Copper Com
pany's steam-Shovel mining in the
Liberty pit. Nevada Consolidated
gets most of its cheap-cost ore
from this pit.
The Washington times., 1930-08-07
Mcclellan Stores
Report Increase

Mcclellan Stores report sale;
for July Of $1,905, 1896. an increase
of 1913 per cent over the sales in
the same month of last year,
which were $1,72S,OO5. Old stores
showed sales increase for July
Of per cent.
For the seven months ended
July 81, sales totaled $11, 500, ,612,
an increase Of 7.2 per cent over
the sales in the corresponding
period OF 1929. which were $lO.-
728,l72.
The Washington times., 1930-08-07
LOCAL STOCKS
ItFurnlsned bv ". 3 Hlbbs =

ltFurnlsned bv W. Hibbs = Col
SALES
Washington Gas 6s A, $4,000
1033s.
Washington Railway and Elec-
trio pfd.s 8098A.
Firemen's Insurance Company,
25@34, 25@34.
After call-WaShington Rail
way and Electric Is, 10000
891a, $1,0OO0891a, $l.0OO@c9;a,
$4,000 89a4, $1,000 @ 89A, $4,000
@89A, $4,000 89A. +
Potomac Electric 5l2 pfd., 80
1922. SO 10912, 100 1O9h.
Mergenthaler Linotype, 4097.
The Washington times., 1930-08-07
A. Little Light

I anu told that a powerful
group. has taken a long position
IN Baldwin, explaining the mys-
terioUs ten-point squirt in the
stock the past few weeks. Bald
wins ability to earn most Of it's
common dividend in the first
half when other equipment max
ers weren't doing so well is said
to be a factor.
The outlook for the locomotive
builders is pretty lean, but / am
told the Fishers, who control the
company, are bullish on their
pet. Well-informed observers pre-
dict Baldwin will get more and
more Of railroad equipment buy.
ing through reciprocity for the
business General Motors. in
which the Fishers are big figures,
giveS the carriers. / hear, how.
ever, that the move in the stock
Is almost over.
.GrigSby- Grunow. recommended
here yesterday. was strong, while
the rest of the market turned
down. / hear insiders nave been
buying the stock. and there Is
also a rumor linking. Cutten with
the move. Majestic Household,
Grigsby's subsidiary In the elec-
tric refrigeration field, is reported
to have a large volume Of orders
On It books.
The Washington times., 1930-08-07
SchuLte-United Co.
Sales UD in yuLH

Schultz United Stores reported
today sales for July Of $2,O08, ,985.
against S1,43S,672 in July, 1929.
Sales for the seven months ended
July 8 totaled $13, 3,8I0,356, against
$7,625, ,399 In the same 1929
period,
The Washington times., 1930-08-07
readers to stay away from the
utilities for the time being.

Anaconda looks well on broker
age house charts Of its recent
daily movements. It has moved
in a comparatively narrow
range, a definite sign of accumu.
lation, and seems to be pegged
at 48. Smart financial people ex.
pect to see something started In
the coppers before long. I again
advise taking a long position in
the leaders in this group. espe-
cially American Smelling and
Kennecott,
The Washington times., 1930-08-07
At. the Top

A smart broker, asked what
five stocks he considered the best
on the board, unhesitatingly
picked Dupont, U. s. Steel, Gen.
eral Electric, New York Central,
and American Telephone. All are
high grade investment favorites
and combine intrinsic worth with
splendid future prospects. In
Dupont the buyer takes posi-
ton in both the automobile In.
duStry and in aviation through
General Motors, one-third OF
which Dupont owns. General
Electric has huge holdings Of
radio and will thus share in the
expected expansion in that in
dustry. New York Central was
chosen above the other rails be-
cause Of the rich territory it
serves and its profitable passenger
traffic. international Nickel and
Eastman Kodak also received
favorable mention.
I hear of well informed buying
In Continental Oil on its improve
nnent in earnings this year. Net
was up almost IS per cent, yet
1t was, pointed out that the com
pany charged off n per cent of
its profits to depreciation, deple-
tion and reserves.
The pipe line Continental is
building with Barnsda1I IS a long
term bullish factor. The COM
pany has fine management, and
is A good low priced bet, though
o SLOW mover.
The Washington times., 1930-08-07
A Sore Spot

The utilities are giving the
street more sleepless nights than
any, other group on the big board.
They looked sick yesterday, and
nervousness was heightened by
the rumor that the market
prophet who added to his repu,
tation by predicting the break
last fall was to issue q bearish
analysis Of the power and light
stocks.
The utilities didn't act well
during the recovery last month,
making the average trader SuS-
picious. The present rate cut
muddle and the fact that a small
percentage loss in income shows
no badly on the common because
Of the heavy bond and preferred
stock structure of the average
utility company, in making every.
one more sour on the group.
Spectator again advises his
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-08

duction Of superior grades and staple sufficiently to
grow the best line.
often paid . flat price he has grown just cotton
the short staple variety" said Mr.. Legse to an in
terviewer, land this is . serious threat to our holding
growers It can be removed. We are able potentially
foreign markets but through the organization Of the
to compete with cotton growers anywhere in the
world"
"He let it be known that the 100000 corporation
will be ready to function as a legal entity by Jan. 10.
It is to be a sales agency for as many Of the cotton
cooperatives as affiliate with it.
Chmn. Legge is one Of the top-notchers In the
ranks OF American business men. He surrendered o
100000 a year job for a $4,000 a year chairman
ship Of the federal farm relief board.
A square shooter IS Alexander w. Legge. He talks
straight to the grain commission merchants, 70 the
elevator kings, to the heads Of the United States
Chamber OF Commerce and he let it be known to all
concerned that he isn't a rubber stamp man.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-08

must credit Herbert Maxwell with
at least the average brain power.
He knew that We, Or. Gordon, Mar
gerry and I, were suspicious OF MIN.
He must have noted that on the day
Of our conference here. He knew
we were perfec..y willing - hook
him IN with the kidnapping. He even
knew we had 'tumbled'. in some
strange way, to the identity Of Jim,
the young man who had been
walked out OF the hospital by the
fake orderly.
Knowing all these things con-
tinued ballard, with convincing
earnestness, is it reasonable 70 be-
heve that Maxwell would voluntari-
~ permit his ward. the girl for
whose kidnapping and detention he
had arranged. 10 meet us here IT.
Paris Immediately after she had re-
gained her liberty?
And yet. IN the face Of these very
obvious facts, this couple, the Lee
clerc woman and the man. Leon.
notify Margery here by letter 10
come TO a certain address where her
friend. Patricia is waiting. Mar
gerry follows instructions in the let
ter and, sure enough. there Is Pat
ricia. waiting.
What Is the answer? Did the
Leclercs get cold feet all at once?
Has something arisen in their deal
with Maxwell to make them afraid
or TO induce them TO disobey his
orders and release the girl before
the time set? That's the only solut-
ion that comes to me Has anyone
a suggestlon?'
ITO BE CONTINUED
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-08
FELT WEAKER
ALL The Time
Florida Lady Says She Did Not
Make a Mistake i'm De-
Gliding To Take Cardui.

Lake City, Fla-"Some years
ago. I was In a very weak. run
down condition, getting weaker
all the time" says Mrs. @. II.
Summers. or East Nassau Street.
this city.
7 could not sleep well at night
I was so nervous until my nights
were regular Nightmares.
1T was terrible to drag around
and stay UP, but ! tried 70 do SO
as ! had q family.
"1 heard 20 much about Carduf.
felt sure Il would be q good tonic
for me TO take, and ! did not
make q mistake.
After I had taken Cardu. 7
began TO improve. so kept 1t up
and I continued to grow stronger.
and have been in good health ever
since.
II certainly can recommend Car
dut. ! give 1t to my daughter and
I tell my neighbors about It."
Thousands Of other women have
told how Cardui helped them
Extracted from herbs OF high
medicinal value. Contains nothing
harmful or Injurious. sues
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-08
Flowers for the Living

Dean 7. u. Taylor is 70. He spent his 72nd turn
ing Of the mile post happily at work" He is an early
riser. He was out at $50 on the morning Of his an
niversary and greeted students in his office and in
his class rooms in the usual way.
He entered his 43rd year in the University OF Texas
faculty. He has been dean Of The college OF engin-
eering for "a years. In other words he is the Oldest Of
the faculty members. in point OF service. He made the
declaration the most useful building that has turn
ed out greater results than other was old b nall ana
that mo building that could be erected would mould
the men of destiny that old B hall has helped through
the University"
When he opened his eyes in what was known as
West Texas, the county Of johnson was q frontier
and the western and southwestern empires OF Texas
were given over as grazing ranges, with the grass
free to the cattle barons, their cowboys ana tner
herds.
Now there is no frontier from the Gulf OF Mexico
TO the Pacific ocean. Texas has a population near
ing The 100000 mark. Texas had villages and scat
tered hamlets " years ago. Texas had the pony ex-
press rider. the stage coach, bisons, wild mustangs
wild Indians and wiser white men " years ago.
The Texas OF today and the Texas Of ~ years ago
are as far apart as the north and the souul poies'
II tsls OF a transition from a wilderness OF empire 70
a commonwealth fifth in the sisterhood OF state In
population and wealth and natursl resoui0es VIM"
R staggering TO the mind.
Dean TAYLOR Is the grand old man OF the university
and he is lust as young in heart and brain as ne WAS
AZ years ago. His boys from the engineering eoIese
are found in every land under the shining sun lhey
haze made history in all chimes.
They keep in touch with the Old Man. lhSy
are his bows today as they we're his boys in the years
,h.+ have fed. His wife has been a record Of achieve
ments. He has the material which II placed IN cola
type that would make 8 large size book that would
grin the faculties Of all Texans who love their state'
whether native or adopted Texans.
Flowers for the living. They are passed on 70 the
dean. They were coming to him for his services as
an educator. a citizen worth while ana q unaH
..r,sn with sI that the word signifies. The top OF
the morning. was the greeting from the boys VINO
are scattered the wide world over members OF a pro-
fession that has given to the United States a presi-
dent and to the republic OF Mexico one Of the brother-
hood.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-08
Mexico Journalistic
Welcome Old Friend
Especial 10 The Herald)


MEXICO CITY, Jan. 8.-Mexico
City's newspaper fraternity IS re-
joicing, while some lend mothers,
wives OF the reporters or members
OF their families, are not quite 50
elated.
All this happiness, in which Tie
foreign correspondents are noy III
interested participants, IS the re-
opening Of the Royalty. The
Royalty, the interior fixtures ol
which we're leveled TO the ground
BY fire several months ago, +
nothing less than the gathering
place, day and night. CT Mexican
reporters, as Il has oeen for the
past score Of years. The Royalty"
has a first class bar and commands
a strategic position, a block dis
tant from each Of the three Mexico
City dailies. Excelsior, FL Universal,
and La Prensa.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-01-08

sumption OF construction work on
the highway from that city IN the
state OF Sonora to Nogales, Arizona,
interrupted in March by the re-
volution, is scheduled soon. 1t Is
further reported that Nogales has
offered financial assistance in the
construction OF the highway.