davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
FAILURE OF STEEL
PACT AFFECTS STOCK
Youngstown Sheet & Tube Officials
Face Big Task on Dividend
Distribution.
BY the Associated Press.

YOUNGSTOWN. Ohio. October 10
Oficers Of the youngstown Sheet &
Tube Co. today began a complicated
task of distributing $l,700,000 in de-
ferred dividends to shareholders who
had opposed merger with the Bethie-
hem Steel Corporation.
The amount was released yesterday
by cancellation of the merger contract.
In cases where ownership Of the dis
senting stock has not been transferred
payments of the dividends will be a
simple matter but thousands OF shares
have been transferred, some Of them
several times since the stockholders
war over the proposed consolidation.
First the ownership Of these shares
will have to be ascertained and next
whether the stock was transferred with
or without accrued dividend rights.
Officials of Sheet & Tube estimated the
task would require at least six months
in some cases.
The $1.700 900 piled up in a special
fund set aside for dissenting shares.
Since the merger fight began l9 months
ago the company has declared five divi-
dends. totaling 1925 share.
Status of the dissenting shares had
remained in doubt until Bethlehem ex-
ercised its option of cancelling the
merger contract yesterday because OF
changed conditions" The deal had
been approved by a majority of Sheet
& Tube stockholders. but the minority,
led by Cyrus S. Eaton, Cleveland flnan-
cier, had 1t tied up in litigation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
BROKER LOAN TOTAL
DECREASES FURTHER
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. October l6. = The
weekly statement of the Federal Re
serve en- brokers loans showed de-
crease Of s73.00000 during the week
ended October IA. to a total OF $92S,-
600 900, a new low record since Decem-
Der 28 1921, when the figure stood at
1898 Sal 900. This compares with the
previous 1881 low of 81 00l 900, 900
made last week and with $2,752 600, 600
on October Is. $780,
Loans fer own account were $685.
900 900 compared with S798 ,00O. 600
week ago. Loans for out-of-town
banks totaled $50 100000 against ST.
600 ,O00 and loans for account of 9TH
ers amounted to $l44,000,000 contrast
ed with $l26.O00000 Demand loans
constituted s644 100000 of the total
against 1882 900 900 a week ago, and
time loans were 1924 100000 against
1919 900 900.
The New York Federal Reserve dis
trict rediscount rate was raised to 81
per cent from the previous rate OF 2i2
per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
Brokers' Comment

NEW YORK, October 16.-Favorable
comment was made by brokerage houses
today on the increased rediscount rate
Opinions on the stock market varied
somewhat, but the rally, following a
normal secondary reaction, was viewed
as encouraging.
Shields g. Golf relieved from an
otner outburst Of rumors and propa-
ganda, the market can rally q little
further. The market in most stocks IS
exceptionally thin on both sides, how
ever, so that while the probability of
further bad news from abroad exists,
it is dangerous to follow technical re-
coVeries.
Jackson Bros, Boesel g. Co.-Despite
the unfayorable impression created by
yesterdays late sell-off. we feel there
is still no Justification for believing that
/ trials and .ails arc likely to be vio-
lated in the near future. We rather
lean to the view that the developments
of the next few days will be such as
to cause an extension of the moderate
gains established at yesterdays close.
Redmond g. Cot should be OBJ
structive measures are necessary II con-
fidence is to be fully restored and BUSH
ness started on the road to general re-
covery. The delay in the beginning of
aggressive operations by the new Ma
tional Credit Corporation Is somewhat
disappointing, particularly in view OF
the steady trickle of bank failures, but
hopes are still widely held that the
necessary capital may be raised to per-
NIT the active functioning of the new
organization by the first Of the week.
Hornblower g. Weeks-The further
increase in the Federal Reserve rate is
doubtleSsly aimed to check the in
creases in circulation which have char
acterized the reports in recent weeks
and the repatriation Of gold balances
in New York.
E.. F.. Hutton g. Co-The market is
seemingly becoming increasingly UNI
willing to respond to haZy rumors OF
forthcoming developments which are
not quickly followed up by action. This
is as it should be. A less gullible, more
selective market would satisfy all.
Baar Cohen g. Co.-The raise in the
rediScount rate should accomplish three
things: First, II should initiate against
further export Of gold. Second, 1t
should raise the general level of money
rates to a level where a big Govern
ment bond issue could be offered and
sold on an income basis attractive to
the investor. Third in SO issuing a
large Government issue, it should and
will attract a very large portion OF
this boarded money, which will then
lose its sterility, get to work and the
passive initiation Of billion dollars Will
become an active imitation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
SEABOARD AIR LINE.

NEW YORK, October 16 (P.-Re-
ceivers of the Seaboard Air Line Rail-
way Co. yesterday announced that. in
view of the prevailing adverse business
conditions, they have found it neces-
sary to defer payment of~the INSTALL
ment of the principal of the Seaboard
Air Line equipment trust certificates,
series u" maturing October Is. 1881.
The court had authorized payment
of the interest due October IS on all
the outstanding equipment trust GER
tificates, series ~"
st is hoped" the announcement by
L. r. Powell, jr., and E. w. Smith, re-
ceivers. said, that interest will be paid
from time to time when due on the
equipment trust certificates series u
including interest at the coupon rate
on the installment of principal now
maturing and unpaid"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

AS the result of stepping on a rusty
nail. John c. Watson died at Slough,
England, from tetanus.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
BANK TO SUPPORT
HOOVER AID PLANS
District National Pledges
Observation-Disclosures of
Operation Arranged.
BY EDWARD c. STONE.

1t was announced today that the
District National Bank has approved
the Hoover $500,O0O.Oo0 credit plan
which aims to assist banks throughout
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
ICE AND COAL MERGER
PLAN WINS APPROVAL
BY the Associated Press.

BY the Associated Press.
ATLANTA. Ga, october 16.-F. w.
Beasley, president Of the Atlantic Ice
& Coal Co. has announced stockhold-
ers Of that company and Of the South
eastern Ice Utilities Corporation Of
Portsmouth. Va. have agreed to merge
the two concerns as soon as legal de-
tails can be worked out.
The merger, Beasley said, Is to be &C
complished on a dollar for dollar stock
exchange basis. He said the combine
would be the third largest Of its kind
in the United States, Atlantic Ice &
Coal having assets Of approximately
Sl6,OO0.O0 and Southeastern Ice having
about $4,000 900.
Beasley said the vote for the merger
was unanimous. with large percentage
of the outstanding stock represented.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
POTATO MARKET.

CHICAGO, october Is up UNITED
States Department of Agriculture =
Receipts. ITO cars; On track
245; total United States shipments
1858; market about steady, trading
rather Slow sacked, per cwt.; Wiscon-
sin round whites, 75a85, few 90; Min
neSota North Dakota Irish Cobblers,
80a90: Red River Ohio's, 85a95; Idaho
Russets, No. /, 1.25al go; commercials,
105a1.1o.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

the United states
to utilize their re-
sources and credit
so as to further
the Stabil. zation of
financial and eco
nomic conditions
and thereby better
serve their COM
munities. The di-
rectors of the Dis
trict National APP
proved the plan in
principle and voted
to subscribe as
much money to
the credit fund as is
permitted by law.
This action was
taken prior to the
-nnn0rf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16
CHICAGO DAIRY MARKET.

CHICAGO. october Is [P.-Butter-
Receipts, S.148 tubs; market steady,
prices unchanged. Eggs-Receipts. 1882
cases; market steady, prices unchanged
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-16

CONTINUED on Page 49,
Imperial Valley press., 1931-09-25
EXPECT BRIEFS
IN BAY BRIDGE
LEVY!NC TEST

SAN FRANCISCO, Sept. 25. UP)
Two briefs were expected to be
filed today in connection with the
Golden Gate bridge tax levying test
suit before the state supreme court.
Today was the final day set by the
court to receive briefs.
One will be filed by William H.
Orrick, special counsel for the
bridge and highway district, in re-
ply to the brief of counsel for w. w.
Felt, Jr., secretary of the district.
The other was due to come from
attorneys from the Metropolitan
water district of Los Angeles, as
an intervenor because of an interest
in the question at issue. The ques-
ton is whether a district has the
right to levy taxes on the property
thereof to pay interest on bonds
and retire them in event of insult
ficient revenues.
Imperial Valley press., 1931-09-25
brands.

Police were unable to explain how
the slayer shot Harrison without
attracting attention from those IN
Imperial Valley press., 1931-09-25
WATER SIGN
WATERLOO TO
WHITE HORSE

LOS ANGELES, Sept. 25. UP)-
Chief White Horse Eagle forgot the
Indian sign for water so Mayor
John C. Porter, who gained fame by
drinking water instead of wine
while in France, has lost a chance
TO become an Usage tribe member
Chief White Horse Eagle, who
claims to be 1O8 years old, recently
approached Mayor Porter and DR..
George Parrish, health officer, with
a proposal to take them into his
tribe. for a consideration. Other
Osages heard of the offer and pro-
tested. Chief wv. H. f." was ques-
toned by city prosecutor Margaret
Gardner.
Make the sign for water she
commanded.
No ketchum,' grunted White
Horse Eagle. The Usage has no
sign ike that"
Other Osages in the room laugh
ed. Chief Standing Bear then
stood and gave the sign. White
Horse Eagles red face got redder,
He was given until Oct. % to pro-
duce data proving his ancestral
claims or face trial.
Imperial Valley press., 1931-09-25
COAST MURDER
WORK OF GANG

LOS ANGELES, Sept. 25 UP
A murder said by police to have
many aspects of gang killing oc-
Cured here early today when G. f.
Harrison. 10, attendant at a "cut
rate" service station was Shot and
instantly killed.
Harrisons body was found lying in
the door Of the station by Harry
O'Brien, who was driving home in
his automobile and turned into the
station when he saw Harrison
stretched out in the doorway.
O'BTien ran TO restaurant
less than 100 yards from the sta
ton and summoned w. w. En-
dicott, cook, and several other
men in the restaurant.
Harrison apparently had been
killed instantly by a bullet which
struck him above the left eye.
Was Not Robbed
Police said robbery apparently
was not the motive and Harrison
had S35 in his pocket and SIS in
an unopened cash register.
/ A. L. Patz, owner of the station
which is one of a number selling
cut rate" gasoline, told police HI
bought the cheaper motor fuel ant
sold it a lower price, but without
greater profit than the regular
Imperial Valley press., 1931-09-25
City Engineer
And Fire Chief
Joining Forces

During Clean Up" or Fire Pre-
vention Week" it is the desire OF
the engineering and fire depart
ments of FL Centre TO call the at
tention of residents to conditions
within the city resulting from un-
employment.
The departments are, perhaps, in
closer touch with these conditions
than the average citizen and have
knowledge Of the fact that there
are a number Of residents with de-
pendents who are badly in need of
funds to obtain the bare necessities
of life.
The city engineer and fire chief
have requested that all citizens who
are able to do SO provide one or
more days work to some one OF
these individuals during Clean Up
Week.
The city engineer has a number
OF applications on file in his office
which will be available to any Cit
izen desiring to employ laborers.
Imperial Valley press., 1931-09-25
LEGION LEAVES
DETROIT AFTER
PARLEY CLOSES

DETROIT, Mich, Sept. 25. U.P)-
The city OF Detroit, located on the
border line between wet Canada and
dry America. returned today to nor
malcy as American Legion delegates
left for their home after taking an
open stand against the dry laws
which were passed while thousands
OF them were fighting in France.
The Legionnaires voted zoos to
394 in favor Of a resolution demand
ing that the question of modifica-
ton of the dry laws be submitted
to national referendum.
The vote on prohibition, a vote
against asking for a bonus, and
election Of Henry L. Stevens, Jr.. OF
Warsaw, n. c.. as national COM
mander were highhghtS of the clos
ing DAY Of the Legion convention.
Imperial Valley press., 1931-09-25
Highway Body
Orders Work
On New Roads

SACRAMENTO, Sept. %. UP)-
speeding up state highway con :
struction as a measure OF unem-
ployment relief the state highway
commission today ordered eXpendi-
lure of S2,69l 500 on new state high
wav projects, including:
Orange County-Paving 5 miles
Corona Del Mar to Laguna Beach,
$4,000; Laguna Beach to Sana
Point, grading and paving 5 miles,
$4,000.
Riverside County - Grading and
surfacing from Blythe to Colorado
river. S186.000.
Kern County - Relocating AMI
paving miles Of Grapevine grade
on Ridge route, $520,000
Imperial Valley press., 1931-09-25
FEDERAL REPORT SHOWS HAY
MARKET ACTIVE IN VALLEY

Z. S. No. 2 extra leafy was reported
sold at s11OO. and some off-grade
hay sold at $500 per ton, baled,
ranch.
The stronger situation is largely
attributed to the heavy buying by
cattlemen in hat area. Movement
By truck toward Los Angeles total
ed nearly 1,4OO tons, which was
about equal to the previous weeks
shipments. Recent reports indicate
the irrigation situation will be more
favorable next week, but the water
shortage is rather serious at pres
ent.
Receipts Of alfalfa hay at the Los
Imperial Valley press., 1931-09-25

The Federal State Grain, Hay and
Feed Market News in its Los An
geles alfalfa hay market review to-
day reported trading was consider
ably more active in Imperial VAL
ley during the past week than the
preceding seven day period A large
tonnage of hay was reported being
purchased out of storage stacks.
Prices to growers were generally
reported fifty cents to a dollar per
ton above a week ago. U. S. No.
and No. hay was reported selling
during the week at $500 to $1,000.
Imperial Valley press., 1931-09-25
PROGRAM FOR
OIL PROTECTION
: TOLD OFFICIAL

WASHINGTON. Sept. 25. U.P)-
Representative of western and
southeastern oil states today laid
an amplified oil conservation pro-
gram before Secretary of Commerce
Lamont.
They asked him to seek from the
large oil importers agreement to
an embargo on importation of re-
fined oil products and by-products
and limitation of crude oil imports
to 10000 barrels daily for the re-
mainder of this year.
The program, they urged, should
be extended for as long after the
end of the year as the domestic oil
stabilization program remains in eff
feet.
They also asked he induce the
importers to limit their production
in South America and Mexico to
total of 531 900 barrels daily.
Imperial Valley press., 1931-09-25

Angeles during the week ending
September oath: by rail 3; last week
g. Truck receipts at Los Angeles
markets were equivalent to l04 car
loads; last week 90. Truck receipts
at Hynes. Artesia and Norwalk ter
minals were reporsed equivalent to
1877 carloads; last week 167 carloads.
Prevailing quotations on the ba-
sis of today's sales of alfalfa hay
comparable to the following grades
per ton on tracks at Los Angeles or
delivered nearby dairy actions are
as follows:
U. S. No. $3.50 to s14O0.
u. S. No. 2 leafy-Sl3.00 to 1880.
U. S. No. 2-Sl2.O0 to $1,000.
There has not been sufficient vol
ume of U. S. No l extra leafy hay
offered during the past week to
quote a price.
Imperial Valley press., 1931-09-25
Taung's Skull Found in Taxi

LONDON. U.P)-A skull recently
found in taxicab in the West-end
of London bearing features cores
ponding to man and ape, is be-
lieYed to be the original Taungs'
skull discovered six years ago by
Professor Raymond Dart at Taungs
on the eastern border of the Bech-
uanaland protectorate of South
Africa.
Imperial Valley press., 1931-09-25

The west end Of the San Jacinto
valley, at Brownlands and Lake
view, is harvesting its crop of sweet
Spanish onions for which this Sec
ton is famed
Imperial Valley press., 1931-09-25

the restaurant, or on the street
nearby. A theory was held that
long distance rifle may have been
used
Smyrna times., 1931-04-29
Household Goods
ANTIQUES

Mrs. Alice Spruance Roberts
r. w. Slaughter, auctioneer.
Smyrna times., 1931-04-29

Compared with other states
it is remarkable that only one
farm loan has been made by
the government in Delaware.
That was for $500.
In Maryland there have
been 321 loans, totaling $71,-
TOP. And yet Delaware farm
ers ave been hit as hard as
those in most other states.
The largest number of loans
naturally from the reports of
distress were in Arkansas,
where 44,716 sought Federal
help, which was granted to
the total extent Of almost two
millions.
It should be remembered
Smyrna times., 1931-04-29

The Wilmington Every Ev-
ening in commenting on our
editorial published last week
on Taxation for Fire Protec-
tion," says: "The plan to pay
more businesslike than any
other that can be devised. The
people must pay the bill any
way.
where the means used is a
carnival the expense of such
an enterprise must be met be-
fore the fire company receives
its share of the proceeds. ar
nivals, also, are attended by
elements of uncertainty, due
to inability to forecast wealth
Ell conditions. There can be
no assurance, under the plan
usually followed, what the net
result of such an undertaking
will be.
IF a town pays the fire pro-
lection bill-or a large part of
it-out of the taxes, further
more, it has a right to a voice
in directing the means used
for fighting fire. In that event
municipal agency, subject to
reasonable supervision, which
is an added justification for
the expense in the
same manner as that used in
other necessary com
expenses"
Smyrna times., 1931-04-29
that these are merely loans.
The government has security
and will be repaid.
SMYRNA GOTH CENTURY CLUB
Continued From Page One

Spring Poetry, Il. Whitcombe
Riley; Spring Song, paul Dun
bari, read by Mrs. Marion Hast
ings; two numbers, by Chorus, %
Spring Greeting" (Strauss); (2)
"Armerylis," edmond Parlow); !;
members of the chorus Mrs. Har-
land Waller, Mrs. Arthur Brewing
ton, Miss Grace Elliott, Mrs. George
Nelson, Mrs. Paul Lowe, Mrs. Elsie
Nelson, Mrs. S. NJ. Ellis, Mrs. lie.
Frank Taylor, Mrs Harry Beach;
Piano solo, Mrs.Stevens; Trio, two
numbers blue Bird, "(Spence)
(2) Summer Song Mrs. Taylor,
Mrs. Nelson, Mrs. Beach; Solo, two
numbers-Q) Green Cathedral"
(2) "Rainy Night Lullaby" Hunn)
by Miss Grace Elliott; reading,
Laugh" by Mrs Marion Hastings;
Song and dance, little Miss Elinor
Hastings = ID Apple Blossom
Time in Normandy" (2) Spring
Fever; Solo by Miss Carmena
Wilson, Let All My Life Be Mu-
Sic. Last number was a selection
by chorus. After the program Mrs
Carter called the meeting to order
After business, the following dele
gates were elected to attend the
thirty-fourth annual convention of
the Delaware State Federation of
Women's Clubs on May IA and Is,
at Milford. The Century Club Of
Smyrna elected the following dele
gates Mrs. George Carter, presi-
dent OF Club; Mrs. j. w. Clifton,
delegate; Mrs. Grant Garis, alter
nate; Mrs. Norman Coleman, al
ternate. Friday, oath of April, is
the last day of club until october.
The first session of the convention
will begin at IL a. m, Thursday,
May IA. Delegates are requested
to register as soon as possible on
morning at 10 o'clock on
second floor of the community
Milford.
Smyrna times., 1931-04-29

to make his purchase at home.
The truth is that as good
merchandise can be obtained
at home as can be secured
through the mails from any
large city; and, as patronage
increases, the quality of the
local merchants stock is
bound to grow even greater.
There are numerous reasons
why you should patronize
your home merchants. They
have invested their money
and their future in your town;
they pay taxes in your town;
they give employment to peo-
pie in your town. The wide
awake citizen should boost his
town in every way. No need
to go elsewhere, if you can get
the same thing at home,
which, in most cases, you can
do. All the real pleasures of
life are available right at your
doorstep. Boost your home
town.
Smyrna times., 1931-04-29

THE SMYRNA TIMES is an independent
paper devoted to the welfare of the town
il represents and the State of which 1t
is a part. 1t also gives the items of
Importance of the Eastern Shore of
Maryland.
ADVkR11SEMENTS-T Smyrna Times
10 the business medium not only for the
town it represents. but for the outlying
district of which it is the center. en-
bracing the towns of Clayton, Kenton,
Cheswold. Townsend. Leipsic. &c. A rate
of so cents per inch an insertion charg-
ed for transient advertising. Season or
yearly display advertising rates quoted
on application. For Sale. For Rent,
Lost and Found advertisements occupy
ing one inch space or less, a minimum
charge of so cents per insertion. Public
Sale advertisements rs cents per inch
first insertion and so cents per inch for
each subsequent insertion. Locals and
Reading Notices. Is cents per line per
issue.
Smyrna times., 1931-04-29

pie the country over a job
finding and unemployment-aid
service that will best meet the
needs of prospective employ
ers and employees, at the
same time maintaining a help
full cooperation alliance with
the States, counties and mu-
inequalities throughout the
land"
Smyrna times., 1931-04-29

1t is well now and then to
have regional planning put to
the attention of the public.
Among other things the adj
dress by Mr.. Walls before the
Exchange Club yesterday re-
called what forward steps
go-as-you-please manner. I'm
been accomplished.
Among other things he
pointed out that this region of
the country doubtless will
prove to be the most beauti-
full part of the United States,
all things considered.
In brief, as we understand,
regional planning means fu-
ture development in an order
ly and scientific fashion rath-
Ell than in a hap-hazard and
have been taken and what has
fortunately when the country
was very young and there was
no pressure of population the
hap-hazard way was followed
in most cases.
Efforts are now making to
correct the mistakes of the
past as far as possible. In
fact this is imperative, for in
our tIi-state district popula-
tion has increased rapidly. We
include what is probably the
most intense industrial dis
Smyrna times., 1931-04-29

A community thrives when
its merchants thrive. Home
town buying and trading is as
essential to a community $
growth and progress as its
streets, boulevards, churches,
and schools. 1t is the duty of
every citizen Of a community,
if he can find what he wants,