davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1930-11-08
The UnOrdered Merchandise

The approaching Christmas season brings to many
Washingtonians an avalanche of unordered mer-
chandise, such as necktes, Christmas cards, hand
kerchefs etc. This merchandise is received in the.
mails, was ordered, and according to many Of
= the people receiving such goods is a nuisance.
you do not use the merchandise. If stamps or
arrangements for returning the merchandise are
not included, you do not have to return it. The
threatening letters that oftentes follow the receipt
of such merchandise demanding payment should be
referred to the Better Business Bureau for attention
Several years ago bill was introduced in Congress
to make the sending of unordered merchandise
through the mails illegal That bill was not passed
and the practice is continuing unabated and at this
time in increasing volume
The Washington times., 1930-11-08
Wall Street
Hears:

That there has been con-
siderable odd-lot buying Of Nor
folk 81 Western MIX.
That Continental Cans (CH)
net win be about the same as
last year, and since this years
carry-over viii be small Is in q
good position to make q favor
able showing In 1891.
That interests close to the
management Of Kennecot Cop
per CxN) insist that there win
be no change In the present
dividend rate.
That the shorts are having
some difficulty in borrowing
stocks.
That Goodyear (GOR) will
declare the regular $1.26 quar-
terly dividend next week.
The Washington times., 1930-11-08
Bible Solves Policy on
Dividend Payments

retarding that much further the
recovery Of general business.
The answer Of a Wall Street
banker to the fear Of Govern
ment regulation Of the public
utilities brought to the front
again by last Tuesdays election
results-is pointing to the Fed
eral Reserve Board and the In
terState Commerce Commission.
These Government agencies regu-
late two Of our most important
businesses.
Thanks to the Federal Reserve,
the banks generally throughout
the nation. and in New York in
particular, are in a sound and
strong position.
The I. c. C. in addition to it's
rate making duties has protected
the railroads from their own
worst enemies themselves.
The railroads have not gone
to pot, and neither have the
banks-so why the utilities?
A drop in utility stock prices
Is bringing this group more In
line with the rest Of the market
and nearer to a fair dividend
yield and earnings ratio.
Walter 8. Clifford, head of the
worlds largest corporation--Amer.
ican Telephone & Telegraph Co.
thinks 1t is inevitable that next
year will be one Of improving
business conditions.
The fact that so many busi-
ness executives are bearish now,
but were extremely buIliSh last
summer, is due to their being too
close to the picture. Last year
when orders were piling in and
earnings mounting they Just
could help feeling rosey about
the future. and 1890 in par
ticular, This year with orders
dribbling in and earnings falling
off they are, naturally, blue. All
OF which is reflected In their prog
nostications.
Our business executives, after
all. are human beings. They are
not Supermen. They experience
things just the same as you
and I.
Eugene Grace, Of Bethlehem
Steel, furnishes a good example
OF this. Last spring he was al
most positive 1890 would outstrip
1929. Now he leans the other
way. The explanation probably
lies in Bethlehem's earnings Of
$11.0l a share last year and like
hhood Of around So for this year.
Seaboard Air Line stockholders
might well raise their eyebrows
on hearing Of new plans to save
the railroad from the receivers.
It seems sac. 0.00O, 900 new capital
received from shareholders the
first Of this year was not enough.
These stockholders bought new
stock at $12. on January 9. today
barely 10 months from it's Of
fering-the new stock is worth
$1.12k on the New York Stock
Exchange.
The Washington times., 1930-11-08
BY LESLIE GOULD
pay or not to pay.

To pay or not 70 pay
That is the problem confront
ing boards Of directors all ovel
the country today.
For companies with earnings
covering the regular dividends
there is no problem. They just
60 on paying as they have before
But for those with profits fail
ing below the dividend require
ments it is a different story.
The directors realize that share
holders, Just the same as theiI
corporations, need every dollar
they can get their hands on in
these trying times. They also
are aware that every dollar held
back from the shareholders ct
this time is reducing the purchas
ing power Of the shareholder just
that much.
Most Of these corporations in
the last seven or eight years Of
plenty have been plowing back
huge sums into plants and into
o cash surplus account.
Use Of Surplus
The problem is whether to dip
into this surplus account when
earnings fall below dividend re
quirements, or pass the dividend.
Some boards Of directors evi
IDENTIFY have leafed through the
Bible for guidance and taken
counsel from Joseph.
Joseph, you remember, In trans
lating the dream Of Pharaoh of
Egypt, saw seven years Of plenty
and seven years Of lean ahead
The wise Egyptians stocked UP
their warehouses In the seven
years Of plenty with enough pro
visions and goods to tide them
safely through the seven lean
years.
Chrysler, temporarily at least
Is following this line Of thought,
to name one Of many.
Mack Truck Is another. The
head Of the Mack company, when
asked If the dividend were being
paid out Of the company's cash
surplus, was quoted as saying:
"Of course. What do you
think we built il up fOr?"
Another course is open to cor.
porationS that have not saved UP
what, in their estimation, is q
large enough cash surplus. Their
boards can pay out in dividends
just exactly what the company
nets.
Would Be Unfair
For example, if the company
has been paying out IS annually
on the stock, but is only earning
$3.50 share this year, the divi,
dend could be cut to $3.50 without
impairing the cash position.
No fair minded stockholder
could criticise this policy. but the
company that slashes or passes its
dividend and at the same time
adds to its cash surplus is jus;
The Washington times., 1930-11-08
LeGUeU Made Head
Of Cont. ILL. Bank

CHICAGO, Nov. flames r.
Leavell, assistant to Arthur Reyn-
oldS, chairman Of the board, has
been elected president Of the Con-
tinental Illinois Bank & Trust Co.,
to I'LL the vacancy caused by the
resignation Of Eugene M. Stevens,
who recently was appointed chair
man Of board Of Chicago Federal
Reserve Bank.
The Washington times., 1930-11-08
SELLING PEAK
IS SEEN BY
EXPERT
The Spectator Believes That
a New Buying Move Is Near;
Promising Signs Are Seen
. Ry THE sPECTATOR

The market seems to be
nearing the selling climax
which would indicate the
end Of the downward move
ment for the time being.
Volume rose well above the
3.000,0O0 share level yester-
day as scores of stocks, in
cluding leaders like Steel,
Telephone and Westinghouse,
hit new lows for the year.
Another day or two Of
this should form the basis
Tor a rally anyway, If moth
ing else. But don't Jump in
blindly. Watch the market
today and see how it acts.
# 1t again is weak on heavy
volume. the time to buy
will be near.
The Washington times., 1930-11-08
move TO AVERT.
| SEABOARD LINE
| RECE|VERSH|P
Bankers and Representatives
Of Security Holders Work
on Plans to Stop Action

A plan to avert receiversaip for
the $500 ,O0O, 900 Seaboard Air Line
Railway Is being worked out by
bankers and committees repre-
senting the security holders. w. n.
Coverdale, chairman. disclosed
today.
A plan is said to be necessary
because Of the imminent maturity
Of $11, ,0OO, 900 Of bonds. The pres
ent difficulties are laid to the
business depression and general
decrease in railroad traffic. This
has resulted in such Q Shrinkage
Of revenues, a statement from the
company said, that this years
operations are reported to be. re
sulting In q substantial deficit
after payment Of fixed charges.
The new plan viii involve q re-
adjustment Of the roads financial
structure, which will be submitted
to shareholde in "due time. the
connpany's counsel stated.
New Trouble . Surprise
Eight committees have been
formed to represent the various
groups Of shareholders. While de-
posit Of securities is not being
sought now, the committees are
tabuIating the holdings Of the
various stock and bond holders.
The company'S new difficulties
come as surprise to the majority
of security holders and the public
who generally believed the capi-
tai readjustments made the first
Of this year had successfully
STAYED off bankruptcy. Now, ac-
cording to MIR. Coverdale, this is
imminent again.
Stock Sold At $12
Under the plan put into effect
the first of this year, the com.
pany obtained $20, 900 new
capital through the sale Of addi.
tional common stock. Preferred
and common shareholders were
offered 1892, $50 new no par
common shares at $12 share in
the ratio Of two new shares for
every share held. The rights ex-
pired on January Q. The issue
was underwritten by Dillon, Read
& Co. and Ladenburg. Thalman
& Co.
The preferred closed last night
at So and touched 2.87k, .
record low. The high price for
this year was $2s and last year
$41.75..
The Washington times., 1930-11-08
History Repeats

Reports from the floor yester-
day were reminiscent of the
panic days q year ago. At times,
/ and told, there were no bids
in the market for q number of
well.klioWn stocks. In addition,
the buying. understand, !, was
not Of the caliber to mean a
turn in other words, not bank
ing. buying.
II Is interesting to note that
the market was going down a
year ago, too, and that it reached
its low on November 13. Per-
hapS we shall see the same
thing again: we have only six
days more to go. At that there
is some pretty good scale buying
going on by those who are salts
fled that certain stocks are cheap.
Buying Of this nature is spread
over quite q range on the down
side. The purchaser eventually
ends up with a nice block of
stock at pretty low price, too.
Gossip is pinning a new trick
on the bears. "TiS said they
make judiciouS inquiries about
blocks Of stock that may be in
precarious position with the sup
posed intent of buying. Then,
the story goes, they crack them
In the open market, thus forcing
liquidation.
The Washington times., 1930-11-08
NEWS
In Today's
CLASSIFIED ADS.


BUSINESS FOR sALE---Jewish DELI
eatessen and grocery store; estab.
llShed 10 years; sales, $500 weekly;
good opportunity for right party.
HOME FOR SALE-Speclal bargain,
$4,76O: six rooms, bath, brick home,
near Lincoln Park; perfect cODdi-
tlOn; electricity, gas: unusual en-
cumstanees permit us to Offer this
on easy terms IL purchaser lS reIi-
able. tsfa
UNPUBLISHED HOUSE FOR SALE
VIII sell ON rental basis q new
four rooms. private hath, heat, gas,
electricity. unlimited phone. garage
space; adults only.
INSTRUCTION COURSE-Ayiation;
IL you want to get into aviation inn
mediatelY, learn aluminium welding.
The general tendency Of all manu-.
facturers toward all-meta1 cOnStruc.
tiOn makes an immediate demand
for higher paid men in .his field.
UNFURNIsHED HOUSE FOR SALE
VIII sell ON rental basis q new
detached home in Chevy Chase, ID.
c.; six large rooms, bullt-in ga
rage. large ward; $SS per month.
AUTOMOBILE FOR SALE--ChevrO-
let Coupe, 1898; very economical car
to run; this ls q wonderful buy at
cur price-$245.
BOARD AND ROOM-The Rose Inn
Walking distance; newly deco
rated; single and double rooms;
some with private bath; excellent
meals.
These are ''sideli0kts' on some Of man
The Washington times., 1930-11-08
Here and There

i Is interesting that while
stocks are down within a few
points Of the 1925 accumulation
level loans on securities are there
already. Thursdays report brought
the brokers' loans total down to
the May. 1926, mark.
\ bear pool is said to be
The Washington times., 1930-11-08

The appearance Of this
announcement in these
columns is evidence that
this newspaper supports
and co-operates with the
Better Business Bureau
for your protection. :
The Washington times., 1930-11-08
United states Steel

On huge volume, United States
Steel broke over points to lao.
Two big blocks were taken at
this level. one for 10000 shares
and another of 5000 shares. I
am told the first block was a
sale to establish a loss for tax
purposes. Traders all have their
eyes on steel and the 140 level
to see If. it. shows real resistance
there. If it. breaks through 1t
will look like. 135. Yet the worst
seems to be coming out in the
steel situation right now, and II
rumorS that the steel corpora
tion's backlog will show an IN
crease in Mondays report, it Will
be decidedly encouraging.
Bethlehem was the weakest
member Of the steel list. crashing
over points to q new low at
0Osa and closing slightly higher.
Selling Of Bethlehem was accom-
panied by a number Of bear1sn
rurnors, one that the dividend
was in danger. This seems a bit
premature, since the regular
dividend was declared only last
week and the next directors meet
ing is q long way off. Further"
more, Bethlehem will come pretty
close to earning $6 this year, and
1t has plenty Of cash.
rs The Rails
The rails were the weakest
group on the big board. Even the
old-time investment favorites Ike
Central, Pennsylvania and Union
Pacific were hammered down to
new lows. Most of the selling in
the rails was real liquidation,
and o lot Of it came from abroad,
I am told. Foreign selling was at
tributed to the current French
banking situation.
A good deal of it was said to
have come from Italian and other
sources abroad. Pressure to lqui-
date loans, as has been going on
here, is said to be cause for
much of the foreign selling. Cur
rent prices Of some Of the leading
rails certainly makes them look
attractive to investors on a yield
basis, but for the time being they
all look lower and it would be
wise to avoid them.
Loew'S continues to be steadily
absorbed, and the stock still
shows a high clearance above its
low for the year. Buying in
Loew'S is attributed to interests
close to Fox who are said to be
after majority control in the
open market. Fox at latest re
ports owned 48 per cent of
Loew's. The story lends more
color to the report that Loew's
will go on a higher dividend
basis soon since Fox will be the
big beneficiary.
History Repeats
The Washington times., 1930-11-08

retarding that much further the
recovery Of general business.
The Washington times., 1930-11-08

These are "sideliOkts" on some Of many
interesting advertisements V0p t1W find IN
t0ddTs Times and Herald Classified AdS.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27

fer and assignment duly recorded
IN the office of the county clerk OF
Cameron County, Texas.
Plaintiff alleges that the annual
interest on said notes was past due
and unpaid at the date OF filing said
suit. and also that Note No. 2 was
past due and unpaid, and that plain
tiff had exercised its option Of de-
claring all of said notes due and
payable and has contracted with II.
L. Yates. the attorney bringing the
suit TO pay TO him the ten per cent
attorneys fees. provided in said
notes, and alleges that same is a
customary and reasonable fee, and
asks for foreclosure OF the hen
against the above described proper
ty and also prays for general and
special, legal and equitable relief.
and costs of court.
You are commanded 10 so sum-
mon such defendant and serve this
citation by making publication Of
this citation once each week for four
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27
CLASS
OR ON FIELD

PHARR. Nov. 27-The game
between the Pharr-San Juan
High School faculty and the
Bears OF that school resulted
in a overwhelming victory for
the faculty. The game was in
teresting from the first and
never during the game did the
boys threaten the old mems
goal. The score was 23-0. r.
Sigler was the outstanding car
rier OF the ball. he making sew
eral long end runs which result
cd in touchdowns. Coach Willis
booted the ball and his educated
toe counted for a field goal and
the extra points.
The high school attempted
many passes but failed 70 com
plete any while the faculty
managed TO make several per-
feet passes for long gains. This
pame has become an annual af-
fair and unusual amount or IN
terest was shown by the foot
ball fans of this community.
The members Of the facul-r in
cluded j. Croxton. j. Wfder.
!. Stamhau0h. F Sumr1all. II.
Pr Ter. n. Puckner. j. Vest Y.
Willis. F. Sigler. L. Drei5elb.s,
j. Johnson.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27
THF 4 OF TLXAs

TO THE SHERIFF pr an
COUNTY. GREETING; u.
Ven are hereby commanded 10
summon Mrs. Christine kaollzke
uro Il a nonresident OF this state
and who is absent from this State
10 be and appear az me mex Iesu-
lar term Of the District Court OF
Cameron County. Texas TO De helo
". the court house Thereon IN zig
Cttv of Brownsville on II thlrc
NFondav in December, 1880, being the
15,r, dav Of December. 1880, then and
there To answer a petition flleo IN
soi5 court on the End day OF sep
ter,her. 1890. the file number 81
which suit Is 1923, in which sun
Gtate National Bank of Brownsville
Texas is plaintiff and al Parker PC
curities Company. a ccrpoTattoh
Gustav Kabitzke and Mrs. ChrlsIihe
Kabitzke are defendants. p cause
of action being alleged as follows
Suit on four promisSory notes
numbered 2. 3. 4, and D. dated Aprl
% 0 . each in the sum OF S2o4So'
49, IN or before two, three. tour'
and five years from date respectively
ravable TO the order .. T.. F. Har-
,I~on and ID. Bernice Harrison, bear
inc interest at the rate OF SIX per
crnt ner n interest payable an
n,alIv. all past due principal =
;rte-est 70 bear interest at the rate
~ ten e cent. providing the usual
Ten nar cent attorneys Zee n also
a~ccelerated maturity clauses e
e,,ted nv al Parker Securities Com
nsnv hv A. r. Parker. President. en-
toread z. F. Harrison. d. Bernice
Earrison. secured by a vendors lien
retained in the face OF the notes
ard also in the deed from E. F. Har-
,sron and d. Bernice Harrison 70
~ Barker Securities Company on
pioci- No. S. ~lmito Gardens Tract
No 4 located within Cameron Coun-
- vvate Control e. Improvement
r.st ;ct No. s, Cameron COUNTY
Trxag, in Share No. Is. Espiritu
Sanfo Grant in Cameron County.
TsyaS. according to a SUBDIVISION
r,ade by Z. F. Harrison, as same
annears in Volume 8 on page IL OF
Cameron County Map RECORDS,
rb,ch notes and lien securing same'
rsre transferred and assigned by
= p. Harrison and D. Bernice Har~
rison to plaintiff by written trans
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27
LUNCHEON CLUB
ELECTS PREXY

SAN BENITO. Nov. 27.-Dr, r. E.
l.. Mewshaw was elected president
of the San Benito Kiwanis Club in
the run-off election, it was an
nounced at the Wednesday meeting
at the Stonewall Jackson hotel.
v. H. Mertz is retiring president.
Other new officers r j. Lee
Hanchey, vice president: Z. c.
Breedlove reelected treasurer: j.
P. Ellis. district trustee; Joe Erwin.
w. S. Brock, Louis S. White. j. NJ.
Jones, Paul Hornbeck and DR.. E.
T. Morris, directors.
New officers win take over the
reins in January.
II believe that in the Better
Business Bureau we have a move
ment which will get the entire VAL
ley going in one direction" said G.
E. Buchner. budget campaign
manager in a speech before the
club.
Through the bureau you will
have a representation in So leading
cities OF the United States through
which you can tell your story and
tell It right" he continued.
The better business bureau will
enter into every business and
profession in the Valley. Service
will be free 10 All who ask IT,"
Mr.. Buchner said that he had
been told 500 non had been taken
out OF the v~''~- IN two years by
fake insuranon -~hemes and that
1t would be tho duties OF a Better
Business Burso~ ~ include the in
vestioation cf *N-Se and similar
fraudulent sche~>as in IT'S service.
William s. peck Of San Benito
introduced a now friend. William
s. Brock OF Weslaco, formerly Of
Illinois.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27

consecutive weeks previous to the
return day hereof ir some newspap-
per published in your county. but If
there be no newspaper published in
said county. then in any newspaper
published In the nearest county
where a newspaper is published.
HEREIN FAIL NOT but have you
before said court on the first day
OF the next regular term thereof.
this writ. with your return thereon
showing how you have executed the
same.
witness w K. Dutro. Pro TEN.
Clerk OF the District Court Of Cam
! County. Texas.
Given under my hand and seal Of
said court at office in Brownsville,
this 4 day Of November, A. d. 1880.
w. z. DUTRO. Pro tenn
Clerk of the District Court OF
Cameron County. Texas.
E. Craft. deputy.i
CSEAL)
1i~-6-13-2c-21 At-389l
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27
TEN-PIN LOOP
OPENS SEASON
No. Two And Pan-American
Are Winners On
First Night

Opening play in the Brownsville
Business Mems 10-pin Bowling
league wednesday night saw Team
No. Two defeat the Majestic Radio
by 20 pins and the Pan American
down the No. One team by a total
of ~ pins.
The No. Two club split the
kindling for the best score of the
evening. splashing down 1924 points
for a team average Of 154e. The
Majestic club was second with an
average of 1896. the Pan-American
third with 1916. and the No. One
club averaged 1877.
Campbell Of the No. Two org
anization was individual high for
the night, shooting It's. 2l1 and
200 for a total of $50. Deitel Of No.
One came in close second with 30.
200 and 149 for 568. Crixell and
Monette were next In line with SIG
and SIP each, respectively.
Hereafter this league will shoot
each Thursday evening on the
Campbell 10-pin alleys.
The scores follow.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-11-27
LEGAL ADVERTISEMENT
NOTICE

To Bidders for Depository OF
Cameron County water Control
and improvement District No. l8.
THE STATE OF TEXAS)
COUNTY OF CAMERON
Notice is hereby given that the
Board of Directors OF Cameron
County Water Control and Improve
ment District Number 10 will, at
a meeting Of said Board ordered
TO be held on the 18th day OF
December, A. D. 1880, at 10 o'clock
a. m, at the office Of said Board
Of Directors in the Townsite OF
Monte Grande. Texas. receive sealed
proposals from any banking cor
poration, association or irdividual
banker in Cameron County, Texas,
who may desire 70 be selected as
the depository OF the funds OF
said Cameron County Water Con-
troll and Improvement District
Number 18 for the term between
the date of such proposal and the
next regular time for selection OF
a depository. Each proposal shall
be by sealed bid stating the rate
of interest offered TO be paid TO
said District on the average daily
balances Of funds Of said District.
and each such bid shall be ac-
companied with a certified check
or cashiers check in the amount
Of $4,000, payable 10 the order OF
Cameron County Water Control
and Improvement District Number
I8 as a guarantee Of good faith on
the part of such bidder, and that
n his bid is accepted. he will enter
into the bond as required by law
for such depository, and, upon
failure Of such banking corpora
ton. association or individual
banker that may be selected as
such depository TO give the bond
reur,ired by law. the amount OF
such certified check or CASHIER
check shall be forfeited 70 sai7
District as l~iquidated damages IN
the premises.
The Board OF Directors Of said
district reserves the right to REJECT
n and all bids.
none Under order OF the oar
Of Directors of Cameron county
Water Control and improvement
district Number IS, and this notice
duly given this oath day OF Novem-
Der, A. d. 1880.
J. LLOYD Parker
President, Board Of Directors
az Cameron County W1,Ar
Control and Improvement DIS
trict Number Is.
CSEALl.
ATTEST:
Z. r. Lucas
Secretary, Board az Directors
Of Cameron County water Con.
troll and Improvement District
Number l9. ~,
r-27-4-il-3t-39Ol.