davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
COVER NMEN MAY AID BANKS
WHICH HOLD DEFAULTED BONDS
Movement Is Started to Assist Institutions
Affected by Recent Heavy Declines
in Railroad Securities.
tax exempt and are OF quasi-govern-

tax exempt and are OF quasi-govern-
mental character.
In a case of this sort the policy of
the banking authorities would be to
permit the holding institution to carry
the bonds at normal price rather than
compel 1t to write them down. The
same attitude will be adopted toward
holdings of certain municipal bonds that
have deprecated this year, but whose
status is regarded as sound and which
will resume their former rating when
conditions again become normal.
Real Estate Bonds.
The problem of dealing with the great
mass of real estate bonds in default
which are being kicked around the
country and whose holders are fer
quently being made the victims of I'M
considerable racketeers in defaulted is
sues is one that will be much more
difficult to handle than that of Sec
ondary corporation and taX-eXempt
bends, although the amounts involved
il bank holdings of the latter many
times exceed those of the former
Toward all classes of bonds that in
policy of National and State banking
authoritieS-and this includes their Su-
pervision of mutual savings bankS-will
from now on be one of accommodation
10 the abnormal conditions and to an
easing of the pressure that previously
had been applied to the point of causing
unnecessary bank suspensions.
Copyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
MORTGAGE COMPANY
CREDITORS ORGANIZE
Action Taken in New York for
Those Holding Securities in
Bankrupt Concern.

Special Dispatch to The Star
NEW YORK, September IAN
nouncement is made Of the formation
of committee for the protection of
creditors OF the American Bond g.
Mortgage Co., recently adjudicated a
bankrupt. The members of the COM
mittee are S. p Wocdard, president of
S. P. Woodland g. Co.. New York;
Alan H. Andrews, treasurer Of F. L.
Andrews &, Son Associa ton, and Harry
M. Blair, president of Associated Bond
81 Share Corporation. Holmes. Rogers
& Carpenter, New York. are counsel
for the committee and Philip B. Saw
yer of 20 Broad street, New York, is
secretary.
The committee in its announcement
states that 1T is necessary for the
creditors. secured and unsecured, to
organize for the protection of their in
tsrests" and requests all creditors 10
communicate with the secretary. =
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
Brokers' Comment

NEW YORK, September 12-Brokers
were non ccmmittal as to whether yes
tarday's technical market rally could
carry further. Unless some unexpect-
edly favorable news develops, opinion
was that the chances Of very active
recovery seemed rather remote.
jackson Bros Boesel & Cove saw
more evidence of hurried short cover
ing than of important investment buy
ing in yesterdays session.
Redmond & Co.-Tre rally may carry
somewhat further. but we would be in
clined to utilize any further bulge 70
take trading profits, and defer new long
commitments until many OF the current
uncertainties in the foreign and domes-
tic financial situations are cleaned up.
Evidence Of definite change for the
better in fundamental business condl-
tons is still lacking.
Hornblower & Weeks-The steady de-
cline witnessed the past six trading days
had undoubtedly caused a temporary
oversold condition. and with the outside
short interest probably increasing TOO
rapidly and too substantially for any
degree of comfort to professional trad
ers. the rebound witnessed yesterday
see ned a perfectly normal development.
Charles D. Barney &, Cove would
be inclined to defer new trading COM
mitments until the markets position
has been tested further during the
course of the coming week.
Clark Williams a. Cot is our opin-
ion that the greater part of necessary
liquidation in all directions has been
accomplished, and the whole economic
structure is now resting upon a flrmer
foundation than has existed in several
years, fact which the farsighted in
vestor is taking advantage Of by &C
cumulating equities in sound industrial,
utility and railroad companies.
Edward B. Smith & Co.-There is always
the possibility that some unexpectedly
favorable development may temporarily
interrupt a major trend, as in the case
of the moratorium announcement IN
June, but we consider sustained appre-
citation in common stock prices as I'M
likely until the chief domestic problems
such as reduction in wage rates. detla-
ton Of real estate and rents and stabi-
lization of commodities are nearer
solution than they now appear to be.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
AMERICAN ICE co.
PLEASED WITH TESTS
Special Dispatch to The Star.

Special Dispatch TO The star.
NEW YORK, September l2.-Suc-
cessful results attending the operation
of the first railroad coach using ice
on a large scale for continuous air con-
ditioning are announced by engineers
of American Ice Co.
The coach, of standard design, eX-
cept for the addition of the condition
ing euuipment. was hauled by the Bos-
ton e. Maine between Boston and Troy,
N. Y, and temperatures II to Is de-
grees cooler than the outside air were
maintained throughout the trip. Costs
of operation are apparently very ia
vorable and indicate new field OF
ice consumption.
Additional runs on other roads will
be made to confirm these results.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
BETTER GRADE TOBACCO
BRINGS HIGHER PRICES
Ry the Associated PICS.

BY the Associated Press.
FARMVILLE. N. c.. September 12.--
Final prices yesterday showed a gain
for tobacco of the better grades and the
poorer grades maintained their price
levels. Lugs continued to dominate the
market. However, a fair volume of al
grades were offered here.
Average price quotations on officially
graded tobacco as reported by the to-
bacco section of the United States De-
partment of Agriculture follows:
Orange !eaf-Fourth quality, $26;
fifth quality, $l21O; sixth quality, $3.50;
seventh quality, 81 40
Orange lugs-First quality, $2290;
second quality, $3.50; third quality
So 10; fourth quality, S430.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
Westinghouse Electric.

NEW YORK. September IL Especially e.
The most important of next weeks
dividend meetings is that of Westing-
house Electric. at which the question
of maintaining or reducing the present
dividend of 81 share will be dis
cussed. At the last conference on the
subject it was felt that there was suffi-
cient improvement in earnings for the
quarter to justify paying the rate. which
had been cut in the Spring to the pres
ent level. The stock has dropped 2
points from its June low Wall Street
believes the coming rate will be So
share per annun1.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
ELECTRIC BOND & SHARE.
NEW YORK, September II Especial

NEW 1ONh, 0cpLcWpcI IL lOpeClal) &.
The decline In Electric Bond 81 Share
6 per cent preferred this week to 95
is viewed as one Of the significant cpl
sodes in a falling market. This stock
has for years been regarded as one of
the high-ranking public utility senior
issues. Frequently it has sold at its
call price of ITO. More recently the
company has financed with per cent
preferred, putting out new series a
few months ago around 1912, which Is
now at 80. The reaction is not due to
any material loss of earnings or COW
erage Of dividends, but is sentimeptally
affected by the break below 80 in the
common stock. This, In turn, has been
Influenced by the depreciation in the
company's investments In American g.
Foreign Power, which Electric Bond &
Share interests bought two years ago
and was expected to be the biggest
money maker in their complement Of
subsidiary companies. AS high as $500
or $500 share was at one time pre-
dicted for It,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
BANK AUDITORS ARRANGE
NATIONAL CONFERENCE

The National Conference of Bank
Auditors and Controllers will be held
in Atlantic City October S. 6 and z,
with headquarters at the Hotel Clar-
idge. Joseph E. Sterrett of Price,
Waterhouse L. Co. will speak on The
Relation of the Auditor or Controller
to the Officers and Directors of the
Bank" and Ben A. Young. controller
of the Commerce Trust Co, Kansas
City, Mo-. will speak on Bank Costs
the afternoon of october 6. R. H.
Brunkhorst, controller of the Harris
Trust & Savings Bank, Chicago, will
speak on Account Analysis" and John
A. Will, controller of the Chase Ma
tional Bank, will address the meeting
on THE Man and the Title" the final
day of the conference.
Members of the auditors section Of
the District Bankers Association are
greatly interested in this conference.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12


the above table
latest quarterly declara-
xEx-dvdend 100 shares tPartly extra tPus
in regular
Plus
in special preferred stock Plus
in nj n
stock Plus 2l2tc in stock
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
Heads Sugar Company.

NEW YORK. September IL R).-
Wiley Blair, jr.. vice president, has been
elected president of the Holly Sugar
Carlton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
CHICAGO STOCK MARKET

BY the Associated Press.
CHICAGO. September IL CPy-Fol-
lowing is the complete official list of
transactions in stocks on the Chicago
Stock EXCHANGE TODAY:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12
Trade Reports at a Glance

Of retail
condi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12

Bully or bully-bov is an old English
expression dating back to the year 1909.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12

Low-priced American automobiles lead
In. popularity ID South Africa this year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-12

Railroads in Brazil are extending
their lines.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
SYNAGOGUE TO
ASK FOR BIDS
Plans For Structure To
Be Completed Early
In Week

Plans for the Jewish synagogue
TO be erected in Brownsville are
being completed early this week.
and bids for construction are 10 be
asked soon.
A site on the corner OF West
Eighth and st. Francis streets has
been purchased.
Erection Of the temple will be
rushed. in order that II be ready
early in September for High Holy
Day.
The temple will have a large
auditorium with entrance on Eighth
street. and a complete Sunday
school room. facing ST. Francis.
This will be the first Jewish
Temple in the Lower Rio Grande
Valley. and will be used by all VAL
ley Jews, II was said today. One
reason for choosing the location in
West Brownsville Is because II will
be convenient for upper Valley
residents.
Plans are being drawn by a
Brownsville architect.
The local temple will not have a
rabbi al first. but a Brownsville
man will act as temporary rabbi.
Actual construction will begin
early in June.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
RESUME
CANAL LINING
Edinburg District Makes
Arrangements To Con-
tinue Work
By Staff Correspondent


EDINBURG, June 6.-CanaI lin
Ing work in Hidalgo county Water
Control and Improvement District
No. ] here Is expected to be re-
sumed shortly with the Western
Gunite Corporation o. California
preparing to take $500 900 worth OF
bonds in exchange, according to
district officials.
The gunite company recently
completed work for which about
S260.000 IN district bonds were &C
cepted and work Is expected to be
resumed as soon as additional bonds
can be disposed Of.
Arthur G.. King OF the Metro
Goldwyn Mayer motion picture
studios, and president OF the West
ern Gunite Corporation, recently
visited the Valley In connection with
the proposed new deal with the
local district.
This company has already COM
pleted l,i13.102.3 square feet Of
concrete irrigation canal lining.
This amounts to 2s74 miles OF canal
lining. The company also has con-
structed 2.08 miles OF underground
pipe lines and other structures.
The work done SO far has been be-
low the estimated cost.
The district voted 81 500, 1000 In
bonds several years ago for the
purpose Of providing $4,000 squire
feet Of concrete canal lining.
Alfred Tamm OF Harrington Il
engineer on the project.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

I'VE picked Brownsville for a To-
cation for our factory largely be-
cause OF the deep water port pros
poets here. and the cooperation we
received from your chamber or
commerce"
So said a. w Seiden, New York
manufacturer Of baby clothes who
has Just opened a factory at 1890
Monroe street here, where he will
do q business OF S360.000 a year.
Mr.. Seiden ueft), and H.. Niti-
shin, who will manage the factory
here. are shown in the photograph
above.
The cooperation given me by
the chamber of commerce through
It's manager, Mr.. Richardson. has
been instrumental more than any
thing else in my decision 10 make
Brownsville my central production
point" MI. Seidcn said.
Having locations IN several
border towns I am In a position TO
Judge perhaps more than the ma
tive Brownsvilleite how remarkably
well, the chamber OF commerce
here functions in comparison to
Others" NfEN
Mr.. Seiden continued BY declar-
ing that with such splendid CO.
operation, easy access by rail. wat
er and air, and intelligent. willing
and diligent manpower there is
certainly no reason why this I'M
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
CEMENT SALE
TO RAISE FUNDS
Girl Reserves Will Sell
Cement For Camp
A Bathing Pool
(By Staff Correspondent

MERCEDES. June g. Finding
that everything except cement had
been donated by persons interested
In the construction OF a fine new
swimming pool for Campo del Ar
royo near Rio Hondo. Y. w. G. A.
boards OF all the Valley towns met
here Thursday morning and decid-
Cd upon q Buy a Bag Of Cement"
campaign for Wednesday. June 10.
Girl Reserves will appear on the
streets In uniform and sell" bags
OF cement at 81 each. In this way
II Is hoped to raise $4,000 with
which to finish the fine new pool
now under construction and watt
Ing for the cement to be poured
IL was thought that al necessary
material had been arranged for but
through some slip up no cement
had been secured. The special
campaign was decided upon at the
spur Of the moment in the belief
that Valley people will respond in
the emergency N help the Girl
Reserves get their pool, said Miss
elizabeth Allen. Valley secretary.
The campaign will begin at 7;30
\. m. sharp. All those buying" ce-
tnent will be given Blue Triangles.
emblem Of the organization.
The Girl Reserve camps open at
Campo del Arroyo next week.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
Gasoline Drop Is
Stayed In Valley

Gasoline remained is cents a
gallon in the Valley Saturday. ana
there were no indications that il
would drop any lower over the
weekend.
Prices dropped Thursday all over
the state, and in the larger cities
the drop was two cents. or twice
as much as in the Valley. II was
thought BY some that prices in this
section would drop equally low.
Major oil companies are now SELL
ing gasoline for fifteen cents A
gallon. retail. but smaller compan-
les are selling it even lower.
Cut in crude oil prices is the
cause Of the drop.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
Sulphur Advised
For Cotton Fleas

SAN BENITO. June S-Cotton
fleas are being found in some COM
munities and they are bess fought
by busting with sulphur, accord
ing 70 Henry Alsmeyef. Cameron
county agricultural AGENT.
From ten 10 fifteen pounds should
be applied TO every acre depending
On the size OF the stalks. The cost
S small, being from 10 to IS cents
m acre.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
Good Week End
Weather Promised

Ideal weekend outing weather
was predicted today by weather
chief w. j. Schnurbusch.
There will be nc material change
IT. temperature, and the cool wea-
Their will prevail in this section.
Scattered showers are forecast.
but will not be heavy enough to be
unpleasant. Mr.. Schnurbusch said.
A large crowd Is expected al Port
Isabel and Boca Chica. and other
swimming and bathing resorts.
The number Of persons at the Gulf
has increased every week.
Waters OF the Gulf will not be
muddy. IL is thought. as the Rio
Grande will remain stationary dur
ing the next "a to IS hours. When
the river is on the rise. IL muddies
the water at the bathing beaches
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

Woman suffrage first spoke I'm
America in Maryland in 1647. when
Mistress Margaret Brent. heir OF
Lord Calvert. demanded a place In
the LEGISLATURE OF the colony as an
extensive property holder.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
Cementing Canals
Loses Man His Well
(By Staff Correspondcnt

EDINBURG. June Cone OF the
oldest complaints ever received by
Hidalgo County Water Control and
Improvement District No. | here
has been filed as a result Of the
districts vast canal lining program.
one grower had a fine well which
always had plenty OF water in M.
Tnat Is, until nearby irrigation
canals were lined. Then his wei
suddenly went dry. The owner COM
planned to the districts engineers
ana requested that a new well be
dug for him.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

Letters. kilograms, or cablegrams
are sent from any part Of the world
by a Paris organization. II would
be possible for a client TO write a
series Of letters and have them post
cd from re-aranred places to sug-
geSt he was on tour.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

Inventors OF N new method for
running automobiles with N mixture
or acetylene gas. air and water as
sert that N provides more power
and ls more economical than gas.
cline.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
MISCELLANEOUS DATA
RTTIIFTIN

(First figures, lowest tempera-
ture last night; second. highest
yesterday: third. wind velocity at
8 a. m: fourth, precipitation in
last "a hrs.D
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
WEATHER

For East Texas: Partly cloudy
and somewhat unsettled tonight
and Sunday.
Light 10 moderate southerly
winds on the coast.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
RIVER

There will be no material change
In the river during the next "a to
SO hours.
Flood Present 14-Hr. 24-Hr.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
TIDE TABLE

High and low tide at Point Isa-
bel tomorrow, under normal Meteo-
Biological conditions:
High 1915 a. m.
Low 2:l0 a. m.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

Builders Exchange, went for then
BY automobile.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

HARLINGEN. June 6.-Smith az
Galbraith. Harrington contractors.
have been awarded contracts for
the erection OF a grammar school
and a gymnasium for the Peeville
public school system on their re-
visHd low bid.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

WESLACO. June &C. &. An
derSon. Wes1aco contractor. is build
ing a siX-room frame house here
for w. A. Smith.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

HARLINGEN. June 6.-Mrs. /.
s. Benton and children of Waco
are spending the summer here. Mr..
Benton. who Is head OF the Valley
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07

tBv Staff correspondent
EDINBURG. June 6.-W. A. Slb-
lev OF Edinburg has been awarded
contracts for the erection OF two
hotels in South Texas for which
plans we're drawn by Stanley w.
Bliss. Harrington architect.
One of the hotels will be at Fall
furrias. IL will be four stories and
have so rooms. II Is to be OF brick
and tile construction with stone
and marble trim.
The other hotel will be AT Alice.
II will be five stories and have
IS rooms. 1t will be similar in ar
chitecture 10 the Falfurrias hos
telry.
Both hotels are being built b.
the TeX-Tenn Development Co.
Plumbing, wiring and other sub
contracts remain to be let.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-06-07
lRv Sad Corresnondentl

1890
HARLINGEN, June &C. G.
Horn Of Harllngen IS planning 10
erect an apartment hotel here to
cost $4,000 and Is having plans
drawn by L. c. Love, local archi-
tecL
The proposed structure woul,. be
two stories with basement. IL w-uld
be 64X80 feet and be OF brick and
tile construction with stone trim
plastered interior, hardwood and
tile floors and built up roof &C
cording TO information furnished
the Valley Builders Exchange.
There would be p rooms in the
structure.
Plans for the building will be on
file at the exchange when ready.
The Waterbury Democrat., 1931-04-10

movies tell you about the bad char acter Of. these men. Affairs of the heart, and loses of fortunes may send them there.
 But no real criminal can get into the Foreign Legion. Detectives al- ways are gathered at Gran, the con- centration point, watching to seize fugitives before they even can begin their service. And officers of the instruction companies where all re- cruits must serve get pictures and descriptions daily of the men who are wanted. When one is found he Is discharged and turned over to gendarmes."
 Some veterans. the doctor declar- ed, particularly those of high posi- tion, have kept secret their Foreign Legion service because of the false stigma attached to it. This he is anxious to remove.
 No Dues Planned.
 within year, perhaps we will have big membership in many states" he said, land then we will have q big meeting for new elections and reorganization. But one thing we are determined about is that there must be no dues. It must be a society of comradeship alone.
 ITO be sure. there is a little ex- pense now. The membership cards and the letters cost something. But there are some of us who can pay those things and never miss the
The Waterbury Democrat., 1931-04-10
FLIGHT FOR NEW
 JUNIOR RECORD
Chicagoan Will Try to Low- CT Continental
 Time

San Benito, (UP) .-Wallace Hur- ley, IF, who plans to try for a new junior transcontinental flight record this months, will fly a Cessna mid- dlc-wlnged monoplane with War ner Scarab motor. It's top speed is 160 miles an hour with landing speed of 52 miles an hour.
 Hurley hopes to make the flight in about It hours. The present record Is more than 20 hours.
 Hurleys plane is painted in orange and green and bears the name, Miss Rio Grande Valley"
 The young flyer expects to leave shortly for the Pacific coast stopping at San Antonio, Dallas, Amarillo and Fl Paso. He plans to make q test flight to some southern California points before beginning the trans- continental hop.
 The proposed flight will be made during the week of the Detroit air show where Hurley expects to fly from New York.
 In the Los Angeles-to-N York flight Hurley will follow the south ern route, flying across the northern part of Texas.
 Hurley has been flying for more than two years. He has spent the winter in San Benito, flying from the newly established municipal airport. His home is in Chicago.