davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-11
Buckner Climbs so Years
To Head Ne1U York Life

NEW YORK, March 11.-At
noon today, in one of the great
spire-topped buildings that have
made the new skyline Of New
York, a former office boy, who
grew up in independence, Mo,
where a little earlier the covered
wagons were starting for the
Far West, was made the head OF
a billion-dollar company.
Thomas A. Buckner was elected
president of the New York Life
Insurance Company, with which
he has been connected since he
was Is, succeeding Darwin P.
Kingsley, president for the past
"a years.
Asked what he valued most in
the 81 years of his business hfe,,
this new chief executive of one
of the largest corporations in the
world replied:
"The friendships have
made, chiefly among my aSSO-
ciateS, officials, employees and
our agents"
Like so many other big execu-
tives, Mr.. Buckner is a man Of
quiet, simple democratic manner,
who finds his chief pleasure in
his work and in his family.
Youthful in spirit, at 66, he has
a devoted following among the
thousands of young men, as well
as older ones, employed by the
company.
In Riverdale, the New York sub
urb on the Hudson River where
he has lived for many years, he
is known as friendly neighbor.
He is treasurer Of the little
church he attends.
His hobbies, according to a
neighbor, are his family, wife,
son, daughter and six grand
children: the New York Life,
books, bridge, radio and golf. He
is an unusually good bridge player,
a radio fan, and turns in a good
golf score.
His favorite books are biogra-
phies; his favorite biographies,
those of Lincoln. In fiction, which
which he says affords relaxation
and stimulates the emotions, he
prefers Dickens, Bulwer-Lytton,
Stevenson, Scott, Dumas, Hugo
and Mark Twain.
Mr.. Buckner was born in 1865,
towards the end of the civil war,
at Bloomington, ILL.,, where his
parents had moved to escape
the depredations Of guerrilla
bands. Later, after a sojourn in
the family's old home, Paris,
Kentucky, they settled in Inde-
pendence, Missouri, where "Tom"
spent his boyhood days.
In this little Western Missouri
town, the boy, who was later to
head a force of $4,000 agents
and employees, created his first
successful organization-a wood
saving club, making a virtue Of
necessity and demonstrating the
The Washington times., 1931-03-11
OIL GROUP ASKS
STATES AID

= TEXARKANA, Ark, March II
G.N.SO.-Urging early acceptance
of their recommendations, mem
bers of the oil States advisory
committee have forwarded to
their respective State governments
plan they said would solve the
problems which have taken the
oil industry to the brink Of
disaster.
After an all-day conference,
which ended late yesterday, the
committee emerged with it's pro-
posal, the pertinent points OF
which are:
Drastic curtailment of oil pro-
duction, to stabilize the price and
conserve the vast underground
stores now being dissipated.
Adoption of the plan of Gov.
William Murray, Of Oklahoma, to
bar importations of foreign oil,
which, if allowed to continue,
would nullify the benefits Of cur
tailment in American production.
The appointment in each of the
States represented at the confer.
ence of a conservation commits
sion to enforce production cur.
tailment.
Perpetuation Of the oil States
advisory committee to act as a
liaison between the various State
commissions as to amount Of pro-
duction allocated to the various
States.
The Washington times., 1931-03-11
NelU Line Planned
Bu NIAGARA Hudson

Final plas have been COM
pleted for building a high-ten-
sion transmission line to pro-
vide for the exchange Of power
between the Niagara Hudson and
New York Edison systems. Work
will be started soon and it is
expected the first interchange
of power will be made late this
year.
Plans call for erection of a
110, ,O0O-volt transmission line from
the Greenbush substation south
of Albany to Poughkeepsie, to
be joined by a 132,000-volt line
running to the Dunwoodie sub
station of the New York Edi-
son system in Yonkers. Power
will be taken from the Niagara
Hudson system at the Green
bush Substation south Of AL.
bany. The total transmission
distance from Greenbush to the
Dunwoodie substation is 11O
miles.
The Washington times., 1931-03-11
PICKING
UP n. H. STOCK

BOSTON, March II QN.S0,
That the Pennsylvania railroad
interests took advantage Of "bar-
gain counter" prices following the
crumbling of values in the stock
market in the autumn of 1929
has been revealed by John j.
Pelley. president Of the New York,
New Haven and Hartford railroad.
He said that between February,
Of 1880, and February of this year
approximately 100000 shares Of
New Haven stock was acquired by
the Pennsylvania.
Mr.. Pelley told this to the leg
islative committee on transporta-
tion, which is making an inquiry
into relationships of the Pennsyl.
vania with the New Haven and
the Boston and Maine roads. He
said the Pennsylvania interests
own 100000 shares of New Haven
The Washington times., 1931-03-11
FARM CONGRESS
At PRAGUE

World agricultural policies with
view to organizing agricultural
production in different countries
so as to equalize the supply with
the demand for farm products will
be considered at the fifteenth In
ternational Congress Of Agricul-
ture at Prague, CZechoslovakla,
June S to 8, this year. Ninety-tWo
national agricultural associations
from q countries will participate
in this congress to be held under
the auspices of the international
Commission of Agriculture.
Prof. DR.. Ing. ,Vlad. Brdlik,
president of the organization COM
mittee, has asked the United
States Department of Agriculture
to bring the congress to the at
tention of agricultural scientists
and leaders in this country. The
department has acquiesced in this
request, and suggests that Ameri-
can agriculturists, who may be
travelling in Europe at the time Of
the congress will find it to their
advantage to include Prague in
their itineraries. The congresses
are held every two years in differ
ent countries, under the auspices
of the governments Of the coun-
tries in which they are held.
The program this year is sepa-
rated into seven sections, entitled:
Agrarian policies and rural econ
omy; agricultural education and
extension; agricultural co-opera-
ton; vegetable production; ami,
NAL production; agricultural in
dustries, and "the rural woman"
The Washington times., 1931-03-11
Cooperative Fruit
Groups Consolidate

GRAND RAPIDS, Mich, March
11.-Ten cooperative fruit con-
Germs and two canning plants in
Western Michigan are consoli-
dating, with the approval of the
Federal Farm Board, as the Great
Lakes Fruit Industries, Inc, with
headquarters at Benton Harbor,
Mich.
The firms have interests at
Ludington, Shelby, Bangor, Mat
tewan, Onekama, Benton Harbor,
st. Joseph, Sodus, Eau Claire and
Stevensville. The Farm Board
has agreed to construct canning
facilities at Colma and Shelby.
The properties are valued at
$5OO,OOO.
The Washington times., 1931-03-11
HARDWARE GAIN
IS REPORTED

NEW YORK, March 11-While
a slight improvement in demand
for hardware has registered in
most market centers, the increase
has not been as marked as is
customary at this period of the
year, Hardware Age will say to-
morrow in its weekly market
summary.
Improvement in trade senti-
ment is general in all trading
territories. and actual increases
in sales are reported in several
sections. Spring lines are in
good demand and prospects are
brighter than they have been in
some time.
Due to the abnormally low
state of retail stocks it is be-
ieved that the consumer de-
mand will make itself immedi-
ately felt, necessltating early
orders for replenishment pur-
poses.
Generally speaking, the outlook
appears brighter in the East than
in the Middle West and South.
Some manufacturers and whole
salers hold the opinion that by
midsummer the upturn in busi-
ness will become more pro-
nounced,
The Washington times., 1931-03-11

Secretary OF state St1mSon has
decided to ignore the Senate re-
buke on the Administrations
policy regarding loans to for
eign countries.
The Department even will 20
a step farther than heretofore
and add to its restrictions in at
least two ways.
The government of Santo Do
mingo has already been notified
no loans will be approved for that
country unless the money OBJ
tanned is spent under the super
vision of the American Minister,
Charles B. Curtis.
Check on Graft
The department hereafter will
withhold approval Of loans to
other countries unless assurance
is given that no commissions are
to be paid officials of those gov
ernmentS.
In the closing days of Congress
the Senate adopted the Glass reso.
luton terming improper and lille
gal the State Department prac.
tice of approving or disapproving
loans to foreigners by American
bankers. It would take a man
datory law and not a Senate reso.
luton to accomplish Glass pur.
pose, officials declared.
The State Department will con-
tinue to answer communications
addressed to it by bankers con
corning the desirability of lend.
ing money to either a foreign
government or private interests.
The Washington times., 1931-03-11
Silver Spring
Hiah Forms Nine

SILVER SPRING, Md, March
11.-Athletic Director Cres j.
Bride of the Takoma-Silver Spring
High School, has called a meet
ing for today of the prospective
candidates for positions on the
baseball team, the tracks and ten
mis- teams.
Bride said the baseball club is
practically organized numerically.
although the members have not
been assigned to- their playing posi-
tionS. The only vacancy is that
of pitcher. Practice begins
March %.
Planning an extensive spring
sports program, Bride said the
baseball, tennis, golf and tracks
schedules will be made up within
q few days.
The Washington times., 1931-03-11
Stimson to Tighten Grip
On u. S. Loans Abroad

, In the light of recent indica-
tions from abroad that the Inter
national Settlements Bank at
Basle, Switzerland, considers the
time ripe for conversion of mil
lions of dollars worth of short
term credits into long-term IL
nancing, the State Department
is looking for increased activity
in the New York foreign loan
market. There has been a lull
in international banking for some
months, and the department has
not been called on to express its
views, but several countries are
recognized as being about ready
to open refinancing operations.
Austria, Hungary, and Jugo-
slavia are expected soon to be in
the market from Europe.
Latin American Needs
In South America the loan
situation was described as more
or less quiescent. Argentina, how
ever, has invited Sir Otto Me
meyer, noted British financier, to
undertake a survey of her finan.
cial situation, with a view to
stabilizing credits. A loan may
result.
Brazil, also is taking steps to
look to her financial betterment,
and has called in German Fl.
nancial expert. At the State De.
partment, no immediate activity
in the money market regarding
! these countries, was expected.
The Washington times., 1931-03-11
PETROLEUM GASES

Marketed production of lique-
fled petroleum gases, principally
propane and butane, during 1880
reached total of 18,017,347 gal
Ions, an increase of 81.4 per cent
over the 9,930,964 gallons
marketed during 1929 and nearly
300 per cent greater than the
1892 ,899 gallons marketed dur
ing 1928, according to the United
States Bureau of Mines, Depart
ment Of Commerce, following the
completion of a survey of 1880
operations by E. B. Swanson,
chief petroleum economist. The
first survey of production, com.
pleted in June. 1880, reported the
quantities marketed annually
from 1922 to 1929, inclusive.
The Washington times., 1931-03-11
CASUALTY REPORT GOOD

The sales or premiums written
by the Liberty Mutual Insurance
Co. in 1880 were 5 per cent
ahead. This company is now the
largest mutual casualty company
in the world. The financial
statement which has just been
issued, showed that premiums
written in 1880 amounted to $18,-
255,903, the largest in their his
tory, as against $17,383,983 in
1929.
The Washington times., 1931-03-11
$5O,OOO,OOO Pennsy
Bonds Will Be Sold

Kuhn, Loeb and Company have
purchased, subject to the ap-
proval of the Interstate Com
merce Commission, $4,000, 900
principal amount the Pennsyl-
vania Railroad Company gen.
eral mortgage Az per cent gold
bonds. series D, due April /,
1881, which they are offering
for sale subject to allotment
at 961a per cent and accrued
interest to yield over 4.42 per
cent to maturity.
The bonds will not be redeem
able before maturity. This is
the first sale of general mort.
gage bonds by the Pennsylvania
Railroad Company since 1918.
The Washington times., 1931-03-11

Commission.
The past week has brought the
most favorable grist Of business
news that has been received in a
long while.
In the light of past disappoint-
ments we should remain conserV'
ative, and we should remember
that on the average progress is
slow, but that distinct progress
has been made is now clear.
Basic Commodities
Three favorable factors stand
out, and it is hard to say which
is most significant.
First, 1 would put the firming
up in basic commodity prices. The
various weekly price averages
show small gains. A long list Of
commodities shows more rises
than declines, for the first time
this year.
Foreign Developments
If such commodities continue
firm, even without further ad-
vances, we can say that the first
great step toward business revival
has been taken.
Second, I would put a group Of
foreign developments. Progress
appears to have been p!eoe in
settling the troubles between Eng
lard and India. This promises at
least a moderation of the Indian
boycott of English goods, which
would have wide effects in stimu-
leting foreign trade, and would
help our cotton producers.
Partly as a result, silver prices
have risen considerably, ano this
will benefit Oriental exchanges
and stimulate trade.
Fewer JObIeSS
Third, though highly import
ant. comes the good news that
factory employment in New York
State made a good gain in Feb
ruary. This is the first more-than-
seasonal increase in the figures
in a long while. There is usually
some increase in February, but
not as much as the IA per cent
gain reported for last month.
This development wal rants real
hope that the January statistics
may have marked the low point
ir this business recession.
The Washington times., 1931-03-11
NeLU RQbOt Serves
Telegraph Company

NEW YORK, March ia
robot now serves New Workers
who telephone te1egrams to the
Western Unions new skyscraper
headquarters. The robot receives
every telephone call for western
Union," and automatically sends
it to one of 110 operators who
copy the messages.
It automatically detects a call
on any one of the 100 trunk lines
and transfers each call to an
operator in the order received.
The Washington times., 1931-03-11
CALIFORNIA WATER co.
california Water Servic

California Water Service Com
pany, a subsidiary of Federal
Water Service Corporation, re-
ports gross revenues of $2,221,072
for the year ended December 81,
1880, as compared with $2,136,-
266 for the preceding IL months.
Operating expenses, maintenance
and taxes, other than Federal
income tax, totaled $1,047,639 as
against $1,085, ,102. Gross income
amounted to $1,173,433, which
compares with $1,051,164 for the
year ended December 81, 1899.
The Washington times., 1931-03-11
RAILWAYS SHOW
HEAVY LOSS IN
NET INCOME
Glass | Roads Earn $685.
116 for January, According
To Economics Bureau Report

Net railway operating income
Of Class I railroads in January
was $33,849,116, an annual rate
Of 2.28 per cent on property in
vestment, according to reports
Just filed by the carriers with
the bureau Of railway economics
In the Transportation Building
here, and made public today. II
January, 1880, net operating in
come was $55,773, ,152 or 3.81 per
cent.
The compilation for January
this year is based on reports from
I'll Glass I railroads represent
ing a total mileage Of 242, 1888
miles.
Gross Revenue Slashed
Gross operating revenues for
the month of January amounted
to $685., ,899,754, compared with
$45i, ,458,786 in January, 1880, or
8, reduction of 19 per cent. Oper-
ating expenses in January this
year totaled 94,081,947 COM
pared with $356,664,032 in the
same month last year, or reduc-
tion of IT'S per cent.
Class / railroads in January
paid $27,289, ,096 in taxes, a re-
duction of $2,137,694 or 7.3 per
cent below the same month last
year.
Fifty-two Class railroads opera
ted at loss in January, Of which
10 were in the Eastern, eight In
the Southern and Is in the West
ern district.
Eastern District
Net operating income Of Class
roads in the Eastern district IN
January was $19,165,91a, which
was at the annual rate Of return
OF 2.76 per cent on property in
vestment. For the same month
In 1880, net operating income was
$33, 3,5O1,14 or 4.92 per cent.
Gross operating revenues OF
the Glass railroads in the East
ern district in January tctaled
$185, ,309, STA, a decrease Of 1876
per cent under the CORE soonding
period the year before, while
operating expenses totaled $148,'
120,190, a decrease of I'LL per
cent under the same period in
1890.
Southern District
Glass I roads in the Southern
district in January had net opera
ting income of $3,375,077, an an
nual rate of return of l33 per
cent on property investment. For
the same month in 1880, net
operating income was 1851, ,149,
an annual rate of per cent
Gross operating revenues in
January totaled $47,637 ,528, de-
crease of POI per cent under the
same month in 1890, while
operating expenses totaled $780,
666,399, a decrease of 1853 per
cent under January last year.
Western District
Class I roads in the Western
district in January had a net
operating income, of $11,308, ,121
an annual rate of return of 2.10
per cent. In January, 1880, net
operating income was $14,690,861
q rate of 2.76 per cent.
Gross operating revenues in
the Western district in January
totaled 32,952,652, a decrease OF
17.6 per cent under January
1880. while operating expenses
totaled $1O6,295.358, a decrease
Of 1876 per cent compared with
the same month last wear,
The Washington times., 1931-03-11
Lou Silver Cuts Price
Of Sterling Collar
Button TO Nickel

The review notes that on
February 16 the metal sold at
2534 cents per ounce, culminat-
ing a decline that began in
May, 1928. It continues:
"SiIver in the new economic
order is a commodity like cop
per, cotton, wheat and rubber"
It is noted, however, that for
large population groups, in
China and elsewhere, silver
still constitutes the principal
money" currency.
The Washington times., 1931-03-11
MACK TRUCK DIVIDEND

Mack Trucks, Inc, has declared
quarterly dividend of rs cents,
payable March 81, to stock Of
record March 10. This places the
stock on SO annual basis Three
months ago dividend of 81 was
declared. Previously the com
pany had paid dividends at a Sc
annual rate.
The Washington times., 1931-03-11
TALKS ON INSURANCE

Terence F. Cuneen, insurance
department manager for the
United States Chamber of Com
merce, traced the history of insur-
ance growth at a meeting yester.
day, Of the managers section of
the local Life Underwriters Asso-
citation,
The Washington times., 1931-03-11

TOdAy's Classified Section contains q
NEW 24-HOur Service Directory that
win be Of value to you consult
It nOwt
The Washington times., 1931-03-11
ARE SEEN
Of LASTING
UPSW|NG
Haney Finds Hope in Firming
Basic Commodities Prices
and Increased Employment
By LEWIS HANEY

Director New York University Bureau
of Business Research and Former
Economist of Federal Trade
Commission,
The Washington times., 1931-03-11

For 24.HOur Classified Results
Seward daily gateway., 1931-07-06
KODIAK BEARS 0N THE INCREASE, SAYS
 GAME AUTHORITY

Despite the hue and cry of game conservationists that the great AL askan brown bear are being anni- Inflated by residents of Alaska and that the species are threatened with extinction III short while, Capt. Charles Madsen. manager and chief field guide of the Ko- diak Guides Association, stated while in Seward Sunday that the species are on the increase.
 He and his men saw over 90 ot the huge monsters during May and June in two sections on Kodiak Island.
 Madsen says that contrary to the belief of sportsmen, the brown bear SOW usually has three cubs each year but is generally seen with only one because the first one born is strongest and able to accompany the mother sooner than the others which are many times abandoned and perish un- less the weather is very mild.
 Madsen sailed for Seattle yes terday to meet a hunting party for an expedition into Kodiak Is landand Kenai Peninsula.
Seward daily gateway., 1931-07-06
kT THE HOTELS

VAN GILDER-Mr. and Mrs. F. Buckley, Tom Skulstad, Adolph Pe- derson, Yoshio Tanaka, Frank E. TOWle.
 SEWARD-A. Johnson, Gus Foul chis, Neal F. Brown R. Anartin, E. A. Lawalter, Oscar R. Hart, Frank Stoup.
 OVERLAND-Harry Van Due, Blll Neville, A. Anderson, Mrs. Joseph inc West and son George, John Rinde.
Seward daily gateway., 1931-07-06
GOOD RUN OF REDS

Good runs of red salmon are re- ported from the Squaw Harbor and Sand Paint districts and .in the Bristol Bay region it is also ex- pected a fair run will be had. At False Pass 60,000 cases of reds have been packed, according to arrivals Saturday on the mail steamer Starr.
Seward daily gateway., 1931-07-06

Boats in port today were the s. s. Discoverer, U. s. s. Wesodahl, Wisconsn, North Dakota, Flattery, Bavria, Joan, B. F. M., Marian, Roy, Rolph I and the Helldiver.
Seward daily gateway., 1931-07-06

Earl Goodwin, son of w. M. Good- win, and former bookkeeper of s. Blum, of Valdez, has been appoint ted prvate secretary to Congress man Martin, at Portland, Oregon, according to recent arrivals.
Seward daily gateway., 1931-07-06

I. B. Jaynes, of Orange, Calif., a prominent orange grower of that district, accompanied by Mrs. Jaynes, were round-trip passen- gers on the Admiral Watson.
Seward daily gateway., 1931-07-06

The U. s. s. Discoverer which ar- rived in port early Saturday morn ing and spent the Fourth i'll Se- ward leaves for it's work at the Barren Islands tonight. The coast and geodetic survey ship vii return in three weeks.
Seward daily gateway., 1931-07-06
ATTENTION!!

All athletes who intend to run the Marathon Mountain Race are requested to register immediately with Wm. Abbott, chairman of the program committee.
Seward daily gateway., 1931-07-06

Education of 9 Princess, by the Grand Duchess Marie of Russia; a peep. behind the curtains of the Cars court. ALASKA SHOP. *