davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1931-08-01
BOardman and
 POlandO Not Sure
OContinued on Page IOD


 placed on their Bellanca mono plane, the Cape Cod, In which they flew from New York to Istanbul for world distance flight record. The flyers faced q round of en- tertainments in their honor which will not subside until Tuesday at the earliest.
 Meanwhile. the flyers contem- plated their next step. POlando said the plane was in excellent con- dition and indicated they might fly to Calcutta. India, and thence in long but leisurely stages over h. do-China and China to Japan.
 Many factors," he said, "remaln to be considered, however. The plane Is in first-class condition" Boardman indicated also that they were debating whether to try the Japan flight and continue thence perhaps on around the world
The Waterbury Democrat., 1931-08-01
Announcements
Lost and Found

HAVING lost my bank book No. 16799 on the Waterbury Trust Co, I hereby make application for a new one. John E. Dubell. Dial 4-4314.
The Waterbury Democrat., 1931-08-01
Business Announcements
Automobiles
Autos and Trucks For Sale


 OUR PRICES CAN'T BE BEAT LaSalle 7-Pass Touring-Needs work. Good tires ........... D Studebaker 7-Pass Sedan. Good paint ..'.''. sdao LaSalle 5-Pass Sport Sedan .... .s895 Buick 5-Pass Sedan ........... .$2J5 Studebaker 5-Pass Sedan-4 door
 $245 Studebaker President "8" 7-Pass Sedan ......@ @13o 30 Other Equal Values Roadsters Sedans - Coupes Our Cars Must Be Right Day Trial On Any Car-Its THE FAMOUS STUDEBAKER
 PLEDGE
 Geghan- Al1erton, Inc. Studebaker & Pierce Arrow 379 West Main St. Dial 3-4lS6
The Waterbury Democrat., 1931-08-01

Kleis recently purchased an air. plane and now he, two Sons, two daughters and a brother-in-law are learning to fly 1t.
The Waterbury Democrat., 1931-08-01
$5O,O0O Paid
 to Local People
matured value of $200.
 rrh. Hru, onriaa ng .haroe, hoe

(Continued from Page 1.)
The Waterbury Democrat., 1931-08-01

tContinued from Page 1.)
The Waterbury Democrat., 1931-08-01
ATWoOD's USED CARS

193O.-De Soto De Luxe Coupe. Just like new. Dial 4-964S.
The Waterbury Democrat., 1931-08-01
Relic of the
 Irish Minstrel

(Continued from Page l.)
The Waterbury Democrat., 1931-08-01
Employment

LADIES-WantIng work can have
 good change to earn money. Pleas ant work. No selling. Write Hol-
 land, 692 9th Ave, N. Y. Dept Z-49.
The Washington times., 1931-09-15
S|DEL|NE URGED
BY BROKERS

NEW YORK. Sept. 15.-A side
line was seen as the best place for
traders pending definite signs Of
a change of trend, q brokers' con-
sensus reveals today.
Would avoid the long side
Babcock, Rushton & Co.
Look for lower prices earlier
this week.-Sulzbacher, Granger
& Co.
The market will undoubtedly
have to "Sell itself out" ."-Baar,
Cohen & Co.
The long-delayed turn in the
stock market may be nearer at
hand than is generally believed.
r. B. Keech & Co.
Risk in buying stocks on other
than purely short.term trading
basis is not warranted.-Horn-
blower & Weeks.
Reactions should furnish long
pull buying opportunities.-H.
HentE & Co.
Think many stocks are reach
ing levels at which they are
sound purchaSeS.-Beer & Co.
The Washington times., 1931-09-15
TOPS
STATES |NFUR

The State Of Louisiana now
produces more furs than any
other State in the Union and in
some of the more staple pelts,
surpasses the entire fur produc-
ton of Canada. according to the
statistical department of the
Petroleum Heat and Power Com
pany, manufacturers of oil burn
ing equipment.
Over 100000 muskrat pelts
we're shipped from that State
last year and found their way
into glistening Hudson Seal fur
coats. Over 100000 other fur
bearing animals. as otter, mink
and opossum, were trapped in
Louisiana last year.
Because Of the dampnesS of the
climate in the trapping regions.
many Of the more prominent fur
trappers are drying and curing
their pelts by passing dried air
over them at a temperature kept
con tant by an automatic oil
burner. The curing of fur skins,
in order to command highest
prices in the market, must be
carried out carefully.
The Washington times., 1931-09-15
COTTON HIGHER,
CABLESF|RM

NEW YORK, Sept. IS G.N.SD.
The New York cotton market
moved somewhat higher during
the early trading today on firmer
than expected Liverpool cables
and a continuance of trade buy
ing.
Future contracts registered
gains of 6 to 8 points at first call
when Liverpool was 4 to 6 Eng.
lish points higher than due.
further gains followed as the
forenoon progressed.
Hedge sales and Southern sell
ing continued light in volume
and offerings from other sources
were not plentiful. The best buy
ing came from the trade, shorts
and cooperative brokers. Japan
ese interests bought while spot
firms took up liquidation in Oc-
tober and sold December. There
was some scattered selling from
Liverpool and the Continent.
At midday, october sold at $40,
up 16, December at 6.92. up IT.,
January at 7.02, up 16. March at
7.22, up II, May at 7.39, up IT,,
and July at 7:55, up II.
The Washington times., 1931-09-15
OUTPUT Of COAL
MINER HIGHER

The production of bituminous
coal in Indiana declined sharply
in 1890, according to a statement
just issued by the United States
Bureau of Mines, Department of
Commerce. The total output for
the year amounted to 16,489, ,962
net tons, a decrease of 1O.1 per
cent when compared with the
.18,344,353 tons produced in the
preceding year.
The value of coal produced by
the mines of the State in 1890
is placed at $26,17S,0OO, or an
average value Of $1.59 per ton.
This is slightly less than in the
previous year when an average
value Of $1.63 a ton was reported
but is a relatively favorable
showing in comparison with the
marked decline that has taken
place during the past year in
commodity prices in general.
One of the most striking fea-
lures Of the coal industry of In
diana is the remarkable advance
that has been made in operating
efficiency. In 1880 the average
output per man-day was 7.S7
tons, an increase of 81 per cent
over the preceding year and an
increase of 70.1 per cent over
the average output in 1918.
The Washington times., 1931-09-15

any time, if desired, as stated
above.
Payable at Death
Should the insured die at any
time during the 15-year period,
If he has only paid the first
years premium. $4,000 will be
paid to his estate or named bene-
ficiary.
Another valuable clause incor-
porated in the contract is to the
effect that if financial Teverses
are encountered. and where no
loan has been made on the pol
icy. the policy will carry itself
without further payments Of pre-
miums on the part of the in
sured, after the third year, for
eight years. and after the tenth
year for % years.
BY payment of q small addl-
tional yearly premium. clause
may be inserted whereby in case
Of accidental death double the
amount of the face will be paid.
Also, should the insured become
totally disabled by illness or &C
cident and unable to attend to
any business duties, the company
will waive the yearly payments
and pay him 500 month dur
ing that period.
The Washington times., 1931-09-15
MARKET.
IRREGULAR

NEW YORK, Sept. is qN.S) .
The declining tendency in curb
stocks showed a tendency to
taper off in many directions to-
day, and while net losses again
counterbalanced the run of plus
signs, resistance to offerings be-
came increasingly evident, as tile
session progressed.
Utilities displayed decided i'm
provement over their recent
showing, although this burst Of
activity did not prevent new lows
being registered by several issues
in this group. Leaders in the
modest rallying movement we're
American Gas and Electric, which
was up almost a point at 53A;
Brazil Traction up l at IA, Ameri-
can and Foreign Power warrants
up u at IL, Electric Bond and
Share up % at 29b, and Ameri-
can Superpower, which ruled
nominally higher.
SlGlcS 0CIN1Cc, QuUGCu cA-ulNA-
dend, eased off to 81s for net
decline of ".
Oils were irregular. Standard
of Ohio was a weak spot. with a
dip of points to 46. Humble
was off l at 81, and Standard Of
Kentucky was off y at 1917.
Slight betterment was recorded
by Gulf, which moved up u
point to 50h. and Standard of
Indiana, up " at 235s.
The Washington times., 1931-09-15
By FRANK r. LOOMS

One of the many life 1nSur'
ance contracts written by prac-
tically all old-line legal reserve
companies which might be par
ticularly attractive to a middle
aged man is the so-called' Is
payment play.
Under such a contract, the
policy is fully paid up at the
end of Is years. If a man pur-
chAses the contract at 40 years
of age, he would receive q paid.
up policy when he reaches the
age of IS. The year deposits
required to carry $4,000 for a
man Of 20 would be about $500
for the 1S-year period.
Dividends Cut Cost
However, such a contract par.
ticipates in the dividend earnings
which may be used to reduce the
yearly cost. These dividends.
based on past experiences of
most Of the life companies, would
average about as follows: At the
end of the first year, about $103,
making a net cost for that year
of approximately $406; at the
end of the second year, about
$113, net cost of 1896, and in
creasing about so to the fifteenth
year, $l9l, net cost of 1918.
BY the above table, net cost
for IS years would be approx
mately $5,477.
The contract also carries cash
and loan values on the demand
Of the insured about as follows:
After the third year, $SS7;
fourth, $1,214; fifth. $1,602; sixth,
$1.978; seventh, $2,391; eighth,
$2,818; ninth, $3,258; tenth,
$3,7l2: eleventh. $4,156; twelfth,
$4,6l6; thirteenth. 5000; four
teenth, S5,SS6; fifteenth, 5000.
The cash value at the end of
the fifteenth year is quite a little
more than the total payments
made to the company. and the
policy, although fully paid UP at
that time, continues to partici-
pate in the dividend earnings Of
the company, and the insured has
The Washington times., 1931-09-15
Deposits
See Bio Gain in N. Y.

Deposits in New York State
saving banks increased $21, 1877 1888
during the month of August. New
deposits amounted to $147,018,271
and Withdrawals to $125, 820,383.
This was the largest excess of de-
posits over Withdrawals for any
August in recent years, the 1880
increase being a close second at
$19,901 ,942.
The rise resumed the upward
movement of savings deposits
which was interrupted in July for
the first time since October, 1880.
The Washington times., 1931-09-15
Delegates to Pan-An1erica
CONGRESS Named Here

The fourth Pan-American Com
mercial Conference. ccnvening
here from october S to IL, will
have strong representation
from the District of Columbia.
The conference, which met
here the last time in 1927. is
designed, according to Dr.. L. S.
Rowe, director general of the
Pan-American Union, to stimulate
and benefit inter-AmeriCan trade
and to arrive at practical solu-
tions of problems which business
leaders in all these countries are
seeking to solve.
Lamont to Speak
President Hoover, who. as Sec
retary of Commerce, addressed
the third conference in 1927, is
expected to send greetings to the
meeting. Secretary of Commerce
Robert P. Lamont will head the
Government delegation.
More than 300 delegates already
have been named by different
governments and commerce and
trade bodies.
The following Washington rep
resentatives have been named: Dis
trict of Columbia Bankers Asso-
citation; Francis G. Addison, jr.;
Robert V. Fleming, Edward l..
Hillyer. Lanier P. McLacilen, Ed
ward j. McQuade. Washington
Chamber Of Commerce: Charles
w. Darr, Harry King. Martin A..
LeeSe, Thomas P. Littlepage and
George A. G. Wood. Merchants
The Washington times., 1931-09-15

and Manufacturers Association:
Gen. Anton Stephan and Louis
Levay. School of Foreign Service,
Georgetown University: DR.. Will
liam F. Notz. dean, DR.. Walter H.
Jaeger and Manuel G. Martinez,
Brookings Institute: Robert S.
Rrookings. Carnegie Endowment
for international Peace: George
A. Finch. Pan-Amerlcan Airways:
w. P. McCrscken, jr,, and Capt.
P. e. D. Nagle.
National Groups Here
Other local delegates will be
Charles j. Brand, National Ferti-
lizer Association; Norman Draper.
Institute of American Meat
Packers; Edwin H. Duff, Ameri-
can Steamship Owners Associa-
tion: Pyke Johnson, National
Automobile Association of Com
merce: John Hays Hammond, b.
c. Powell. United States Depart
ment of Agriculture; George A.
Provost, president A eric n
Patent Law Association; Mrs. H.
T. Smith, Shipowners Association
of the Pacific Coast; j. j. Under
wood, Seattle Chamber Of Com
merce; Charles NJ. Upham, Amer
ican Road Builders Association;
George T. Weitzel, Ecuadorean
group, Inter-American High Com
mission, and G. L. Weller, Chesa-
peake and Potomac Telephone
Company, representing the Amer
ican Institute of Electrical Engi-
neerS.
The Washington times., 1931-09-15
American Smelling
Plant ReODenS Soon

OMAHA, Neb., Sept. 15.-The
Omaha plant of the American
Smelling and Refining Company
will reopen. after improvements
are made, within a month, it was
announced today.
The SmelterS. which are the
largest for silver in America. have
been closed all summer. On re-
opening they will use a full force
of 300 or 400 men.
The Washington times., 1931-09-15
Increased Demand
Seen for H0rdlUGre

NEW YORK, Sept. 15.-During
the past week a moderate i'm
provement in the current demand
for hardware and. related lines
was noted in most of the leading
market centers. Hardware Age
will say tomorrow in it's weekly
market summary. The betterment
is largely ascribed to an improved
call for seasonal goods.
The gains are more marked in
the New England and Northwest
trade territories than in most
other sections, although slightly
better demand prevails generally.
The Washington times., 1931-09-15
Farm Income Drops
22 Per Cent in Year

Gross income for farmers for
the 1930-31 season dropped az
per cent from the previous year
to $4,000. 100000, the Department
Of Agriculture reports.
Concerning livestock, the de-
partment said that SO far the
prices of cattle and hogs, al
Though low. are still at a level
which allows a feeding margin.
With feed grain prices down at
their present levels, it is possible
for the animal industries to work
at some ADVANTAGE,
The Washington times., 1931-09-15
SEPTEMBER TAX
INTAKE Low

The September income and cor
poration tax collection, which
began today, will be the lowest
for any first quarter of a fiscal
year since 1917.
Business depression, which
swept away billions of dollars in
speculative profits and sharply
checked the onward progress of
commerce and industry, almost
continuous since 1922, was ex-
pected to depress the quarterly
tax receipts to not over 1910, ,0O0,-
900, as compared with $49S, ,500,-
900 for the same period of 1880.
Midnight is the deadline for
the payment of the third quar-
terly payment in incomes of 1880.
The payment should be in the
mails by that time. 1t will be a
week or 10 days before sufficient
volume Of the income tax pay
ment is received at the Treasury
from the internal revenue col
lectorS to determine the exact
amount OF the September collec.
tion.
Including the taxes, today's
turnover was about $4,000, ,O0O, 900.
Over 81, ,100,00 900 in bonds and
certificates were issued and ap.
proximately $685., ,0OO, 900 in Ger.
tificateS retired. September 80
the Government will retire $780,
100000 in bills.
The transactions of the day
boosted the public debt nearly a
half billion dollars, because of
the excess of new issues over re-
tirementS.
The Washington times., 1931-09-15
Tariff Commission
Orders SuQGr Probe

The Tariff Commission an
nounced yesterda. it had ordered
an investigation of rates on raw
and refined sugar and molasses.
Action was taken upon the re-
quest of sugar refiners who
maintain that the differential
on raw and refined sugar COM
ing in is Insufficient to protect
American interests.
The Washington times., 1931-09-15
PUBLIC ADVISED
To BEWARE Of
"RALL|ES"
Further Declines Indicated
BY Recent Market Action
and Conditions, Says Haney
BY LEWIS HANEY

By LEWIS HANEY
Director New York University Bureau
Of Business Research
Last week the stock market
broke the low level of June 2.
The markets for bonds and for
railway stocks had done this q
good while ago. Now the repre-
sentative averages of all kinds
of stocks have followed suit.
Both the action Of the market
itself and the fundamental con-
ditiOns affecting stock prices, sug.
gestS that further declines are
probable.
Inflated Values Burst
One after another the inflated
paper values built on past specu.
lative excesses are being wiped
out. On September 3, the whole
of the moratorium" boomlet dis
appeared.
If you will look back over the
record for May June, July and
August. you will find clearly
marked lower resistance level"
which was only penetrated briefly
on June l and 2.
New Low Is Set
Then last week the market con-
tinued to decline, tossing from
3 to 8 points, according to vari-
Gus averages. This broke it be-
low even the June low point.
The attempts at support on
Friday. seen in United States
Steel and American Can, van
ished on Saturday. The leaders
were heavily sold at the end and
the great majority were off.
Note that this level wipes out
for most stocks the whole struc.
ture Of initiation built up since
1926. The big Coolidge Mellon
boom is gone.
Facts Speak Plainly
Thus far. have emphasizeH
the plain and indisputable fach
of market action, because m
arguing or theorizing can tw1ss
them. They speak for them.
selves.
I advise against being drawn
into the market on any "techni.
cal rallies"
The Washington times., 1931-09-15
SeGLskin Auction
Mirrors DenreSSiOn

Uncle Sans sealSkin business
is beginning to feel the pinch of
depression.
The recent auction of 1928
Pribilof Island skins at st. Louis
brought $2S2. 2.642.75, it was an.
nounced yesterday. This repre-.
sents a decline Of 18 per cent
for black and per cent for log
wood brown skins since last
March.
The Washington times., 1931-09-15
BANKER WOMEN
WELL DINE AND
HEAR TALKS
Mrs. Anne TiIIery RenShaW
and Three Men to Address
100 of Institute Committee

More than 100 bank. women
are expected to attend to-
night the dinner of the women's
committe Of the local chapter
OF the American Institute of
Banking at the Hotel Roosevelt.
Miss S. Winifred Burwell, COM
mittee charm IN will preside and
greetings will be presented by
Miss Rose Royce. of the national
Women'S committee.
Mrs. Anne Tillery RenShaw, of
the Renshaw School of Expires
sion, who last year conducted
for the institute a popular course
The Washington times., 1931-09-15
Shippers Suggest
Freiqht SUrcItUrqe

A West Virginia livestock grow
ers and shippers organization sug-
gested that Interstate Commerce
Commission impose a temporary
ssurcharge" on all railroad freight
bills, with some exceptions, to be
pooled by the railroads in proper
ton to their needs under the
supervision Of the commission.
The proposal was offered in
the organizations brief filed with
commission In the Is per cent
rate increase proceeding.
The Washington times., 1931-09-15
Demand for Meat
SLOU Last Week

Demand for meats during the
week ended September II con-
tinued slow at the levels of the
preceding seven days, Armour &
Co. states. Trade was rather fea-
tureless, with prices of practically
all items remaining at low levels.
Foreign business Is only fair.
Collections were fairly good.
The Washington times., 1931-09-15
NelO York Contracts
Total S42.8O6,O ,O62

Contracts for 207 public and
semipublic works totaling $42,,
100000 were awarded last week,
Fred c. Croxton, assistant direc.
tor of the Presidents Organiza,
tion on Unemployment Relief, an.
nounced yesterday.
This brought the total reported
since December /, 1880, up to
So, ,3SO, O,023, ,1O9.
The Washington times., 1931-09-15

in personal efficiency. will be the
principal speaker. Short talks
will be made by DR.. Raymond B.
Dickey, dean of the chapter
faculty: Aubrey o. Dooley. presi-
dent of the chapter. ana Richard
A. Norris, chairman of the edu-
cationai committee.
Thursday night the local chap
ter will meet at the Willard Hotel
and President Dooley will present
certificates to "a students who
have completed the standard in
stitute course and to IL others
who have completed special
graduate studies. DR.. George
Farnham will speak.
The Washington times., 1931-09-15
INSURANCE SALES UP

Making relatively the most ia.
vorable showing of this year since
last February, new paid-for life
insurance for August was 9.6 per
cent below the amount in August,
1880. This is in contrast with the
decline of I'll per cent in July,
as against July of the preceding
wear
The Washington times., 1931-09-15
POStOffice Deficit
Is Reported Rising

If there is no pick up soon in
the volume of mail the posal
deficit for the current fiscal year
will probable prove to be not
less than $20O,0O0,0 900 in the
opinion of Arch Coleman. first
assistant Postmaster General.
Deficit for the year which
closed June 80 has been estimated
at $150,000, 900, the highest on
record.
The Washington times., 1931-09-15
LONG BELL LUMBER

Long Bell Lumber Corporation
and subsidiaries report for six
months ended June 30, 1881, net
loss Of $1.926.892 after deprecia.
ton. depletion, interest and inven-
tory adjustment, comparing with
net loss Of &610,921 Ia first half
Of 1890.
The Washington times., 1931-09-15
Mining Production
Declines in Canada

Production in Canada of
metals, fuels and non.metals
during first six months of 1891
was valued at sos, ,689, ,288 against
$116,36O, 400 in like 1880 period, a
decrease of 17.S per cent, accord
ing to Dominion Bureau of
Statistics.
The Washington times., 1931-09-15
Addison to Attend
Banker Convention

President Francis G. Addison,
of the Security Savings and Com
mercial Bank. will attend the an.
nual convention of the American
Bankers Association at Atlantic
city early next month as a mem
her of the council of administra.
tion from the District Of Colum-
biz.
The Washington times., 1931-09-15
BrOIDn Shoe Retires
Block of Preferred

ST. LOUIS. Sept. 15.-Directors
of the Brown Shoe Company have
authorized the retirement and
cancellation of certificates repre-
senting 1875 shares of preferred
stock.
This reduces the outstanding
preferred to $3.50 shares.
The Washington times., 1931-09-15
Canadian Wealth
UD SI,2IO,OOO, 900

TORONTO. Sept. 15.-The Ca
madam Bureau of Statistics today
estimated Canada'S 1929 wealth,
exclusive of undeveloped natural
resources, at $50, ,840, ,0O0, 900. an i'll.
crease of $1,21O, 100000 over 1928
estimate.
The Washington times., 1931-09-15
BEEcH-NUT SALES HOLD

Sales of Beech-Nut Packing Com
pany are being maintained fairly
well In the current quarter. al
though there Is q slight recession
as compared with the previous
three months.
The Washington times., 1931-09-15
News to Chase
Blues Away

American Smelling plant
to reopen soon.
Canadian wealth up over
billion in three years.
Brown Shoe Co. retires
block of preferred stock.
August savings deposits
gaining in New York.
Better demand Is listed for
hardware.
The Washington times., 1931-09-15
nciaL Nevs Stocks Bonds Commodities and Comment
LOOMS Urges 15-Payment
Policy for Middle-Age

no further payments to make.
He receives paid-up policy at
the end of Is years for $4,000,
which may be borrowed on at