davidaulloa/AmericanStories huggingface dataset:
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1931-10-29
James S E. Jones
For Mayor
AN EDITORIAL

THE TELEGRAM has watched the mayoralty cam
pagn since it opened six weeks ago and has given each
candidate just what it promised at the beginning
chance to make his case before the people We believe
every candidate will bear this out.
AT the time the right to give Endorsement to
any Of the 10 candidates reserved The Telegram
exercises this right and recommends the election of
James - Jones, present director Of finance.
The postcard poll made by The Telegram does not
show MI Jones in the lead today, and this poll, it is
agreed is good reflection of public sentiment This is
not taken into consideration in commencing Mr. Jones
the voters An independent newspaper is bigger than any
oflcehOder Being with winner is not half mporln.
keeping faith with ones readers. by expression Of
honest conviction.
In campaign marked by considerable heat no great
issues have arisen The candidates themselves are the
chief issues. Law enforcement has become shopwoln
subject and viii excite great interest until someone
rises up with program for going after mnrderers
and thieves. We are fed up petty forms of law enforce
Other temporary issues have arisen and been for
gotten
THE TELEGRAM recommends Mr.. Jones because
believes the greatest immediate need III Youngstown
business adnnisraionor that will come close
to being sound business administration as the exi-
gencies of politics permit ~.
Mr. Jones record as a business administrator has
Flaws have been found in it, This is only natural Tie
total Of is that after all has been done and said his
record is that inspires confidence
1t is hardly necessary to tell again the need of
business Judgment at city hall in the next four years
Tax collections are woefully short Expenditures must
be carefully guarded Council at the best will have only
minority Of members able to discuss city finances intel
lgeny and keep the city budget balanced while getting
the greatest value for money expended Business leader
ship IN the administrative branch of the city government
will be needed Youngstown too is going to- rise fa1
the judgement displayed by its people in the next few
years. The need of constructive work great
before and apparent before. .s ~ i- ae9I.
One handicap under which Mr. Jones has suffered is
that lie has been accused of being the OhioEdson cai
date. If he were lie would not be commended here.
Nothing has developed in the campaign to indicate that
he is favored by this utility Before the campaign
started the had it's fill politics for the year,
Some of the other candidates for mayor have good
qualities Most Of the many hard things said about all
the candidates willing to dismiss campaign
buncombe merely best for the interests of the
city that James e. Jones should be elected st
c.o~ l "a
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1931-10-29
SZAvAZzUNK JAMES E. JONES POLGARMESTER JEL0LTRE!
Szombaton tartotta nagygyileset
a helybeli Magyar Polgari K6r
zsufohsig megtelt YMC.A. nagyterme. - varosi al
sokra palyazo osszes eoltek is elen voltak gylesen
akik szavaz6k figyelmebe ajanlottak II mill levyt

| Oktobcr h6 24-en, szombaton
este tartotta Magyar Polgari
K6r el6re hirdetett gyiil6sit a
| Y. NJ. G. A. nagytermeben anne
lven varosi allasokra palvaz6
jel0ltek hosszu sora von,At fcl.
programmjuk cl5adasa ctIjab6l.
a syiilfsen mcgjelent Mr.. Reed
| a City Bank alelnoke, Gross
handler ~, az Amerikai Magyar
Hirlap kiad6tnlajdonosa es Pi-
poly Gyula, Reed Builders
Supply Go. iizletvezet6je, akik
vaIamennyien f0lvilagositottak a
megjelenteket a mai bank bezara-
sok okair6l.
Ncmenyi M. Ern6 eln0k, nyolc
6rakor nyitja meg a gyiilest. Ma
pirend el6tt f0lkeri azon tagokat,
akik tagsagi dijaikkal hatraltk-
ban vannak, hogy AIT a K0r
kimeriilt pcn2tarara va16 tekin-
tettel - fizessek be a jclenltv6
penztarnoknal. Ugyancsak fol-
hivia a nagyszamban mesjelcnt
koz0nscget, hogy Jaruljanak ne
hany centtel a k0r kiadasainak
fedezesere. F0lk6ri Miyich GAS
par titkart, hogy olvassa fel a
multi gyiiles jegyz6konyvet.
Nem6nyi bejelenti, hogy ezeh
gyiilesre d K0r meghivta az 0sz-
SECS iel0lteket Is a hezart Ian
kok kepyiseloit. Folkeri Pipoly
Gyulat, hogy vazolja City Bank
jelenlegi helyzetet., Pipoly Gynla
nagy korultekintessel ecsetelte
City Bank bezarasaval kapcsola-
tos helyzetet, buzditotta ma
gyarkagot, mely artatlan aldo
zata bank bezarasoknak,
hogy ne veszitse el tiirelmet, le-
gyen bizalommal bezart ban
kokkal szemben, melyek kapui
hamarosan megnyilnak a naey-
k0zonseg el6tt.
Mr.. Reed, City Bank alelno-
ke, ugyancsak bank. mai hely-
|zetere 'mutatott ra, valamint ARA,
.hogy nincsen messze az az lido,
|snogy a bank megnyitasahoz SILK
ssfges t6ke egyGtt lesz. IS akkor a
|'nagyk0z0nseg ismet elvezheti
ezen intezmeny gyiimolcset. Keri
|a k0zonseget, hogy bank meg
|inyitasaval ne rohanjak meg a
bank penztarablaka hogy betet
jeiket kivegy6k, de yiselkedjenek
bizalommal nemcsak ezen bank
kal, de a t0bbi jelenleg bezart
bankokkal szemben is.
Grosshandler n, az Amerikai
Magyar Hirlap kiad6tnlajdonosa
volt q k0vetkez6 sz6nok, ,aki me-
lyen szant6 beszedeben ramuta-
tott = tapasztalatb6l a mai
sulyos gazdasagi helyzetre. "Ez
q sulyos gazdasagi depresszi6
nemcsak nalunk divik, hanem
fonnan jelenleg az egesz vilagon"
l. mondotta t0bbek kozott Gross
handler "Magyarorszagon az
enlberissg 'efpen ugy szenved,
mint mi itten, Amerikaban. On0k,
akik itt megjelentek, artatlanols
a bahkok bezarasaval kapcsolat-
ban, XII vannak teve annak.
hogy kenytelenek lesznek koldul-
| nj az ntcan azoknak k0nnyei-
| muen gondolkod6 embereknek a
| rosszakarata folytan, akik a je-
lenleg bezart bankokban elhelye-
zett nagy betetjeiket kivettek es
New Yorkba szallitottak. A BIZ
zslmatlansag a mai helyzet koze-
pefts . 1egnsgyobb betegseg. Le.
sysa bistlmsk ~ 6si erenyben 9
meg 5St3fk ntni, hoey . bankok
is16et - y5vjd id5u beltl ~ meg
fooJft nv5tli kapuikst, de skkor
x..N~,ss x,xMrH,4& II for,,vH kx.r;
Amerikai Magyar hirlap = American Magyar journal. [volume] (Youngstown, Ohio) 1911-1942, 1931-10-29

tunk Youngstownban, Campbell
ben, Struthersben Is a megye fal-
val e. j&rasaiban.
Magyar s1armasasu polgar k6-
telessege sxavazni. Termeszetesen
q v&rosokban csak az szavashat,
ali regisxtralva van (akar q mutt
evben, akdr az id@n).
Youngstownban a polgar ha-
rom szavaz6 c6dul&t kap.
Egy meglehet6sen nagyot Is
sssleset. Ennek els6 has&bjan fe-
I'LL talalhat6k q polgarmester je-
16ltek nevei, alattuk az illet6 ke-
riilet (ward) council jel6ltjeinek
11evei. A m&sodik hasabon van az
6t bir6 jsl6lt neve Is vegiil az is.
kolass6ld tag jel0ltek neve a har-
madik hss&bon tal&lhat6.
A 10 polgarmester jel0lt k6-
ztl csak egyre szavazhat. A varo-
81 tan&csosok jel0ltjeinek szama
kertiletenkint valtoxik, de bar
msly keriiletben csak egyre sza-
vaxhat. Az 0t bir6 jel0lt k0ziil
csak egyre szavazhat, mig az is
kolaszski tagok sorab6l n&gyre
szavazhat, tehat a szavazat &rve-
nyes, ha az utols6 has&bon negy-
mel t0bbre mem szavaz, kevesebb-
re szavaxhat.
"A m&sodik cedula hosszu es te-
le, van siirii, apr6 irassal. Ex az
allami $500, 900 bond libocsata-
81 k6relem allami j6tekonysagi
int6xm6nyek lib6vitesere es epi-
tes6re (k6ztiik a fegyhazak, k6r-
hAzak, elmegy6gyintezetek stb.).
A harnladik c6dula a legkisebb.
A fels6 r6ss6n tal&lhat6 az isko-
lasz66 ado kdreleln e. ax also re-
seen q v&rosi szegeny ado kere-
lem.
Polg&rmesternek e lap Is an.
max szcrkesst6je, valamint tu-
lajdonos JAMES E. JoNEs-t
aj&nlja. vagyis tegye az . neve
Gle . keresztet (x) kedden.
Mi6rt Jones-t?
Joggal ksrdesheti barki : ksr-
d6st.
Avert, inert Mr.. Jones hosssu
allami szolgalata Is az ut6bbi
negy 6v alatt a varos penzIgyei.
nek vezetese olyan ajanlolevelek,
amelyeket nehez mas kandidatus-
nal megtalalni.
Nagyon nehez id6knek nez ele-
be a varosi vezet6seg q jov6 ev.
ben, q kormanyhoz tapasztalt, XII.
pr6balt, becsiiletes ember kell. A
10 jelolt koxiil snnek q liyana-
lomnak csak egy {elet meg min
den teIintstben, 'ez psdig Mr..
JONES. .SG
Nekjinlk semmi kifogasunk MIN
csen ast0bbi jel0ltek Is kiil0n0sen
Mark Moore bird ellen. De inert
nemcsak mi de q vindicator Is a
Telegram is Jones-t talalj&k leg,
allkalmassbbnak, azert sjanljuk.
Moore bird is ember Is nedves.
ember, ..de nedvsssege mem fog
semlnit sem segiteni a varos
iigyeinsk kormanyz&saban . j0v6;
k6t 6v alatt, amig a viszonyok
visssa neln t4rnek q norm&lisra.
MinItst nem veset semmifele
bar&tsag, penn igeret, allasra val6
kil4t&s, amikor JONES mellett
foglalunk &ll&st. csak az egy gon-
dolat vezet, hogy 3 q legallkalma-
sabb ember ere a polgarmesteri
all&sra.
4 hangosan, mast kiabal6lnak
aj&nljuk, olvassak el a Telegram
ves6rcikk6t, amelyet lek6zliink. A
Telegram mem szokott endorsz&l-
nj vagy aj&nlani, rendesen semle-
gesek valasxtasokon. Bizonyara
nagyon nyom6s Okla van annak,
hogy most igy foglal allAst Mr..
JONES mellett.
- ,
The Washington times., 1931-05-12
SPRING DECLINE
IS SEEN NEAR
BOTTOM
Price Sterilization Probable
Soon, Says Haney, But Bull
Market Off Until August
BY LEWIS HANEY

The stock market had one good
day last week. The result was
that the broader averages gained
about one point. They closed
about where they were two weeks
ago.
One can say that the force Of
the April reaction has been broken
and that the market has been
holding its ground.
Rallies Explained
On the other hand, it is pain
fully evident that the one-day
rallies Of the past two weeks have
been due entirely to short cover
ing and have failed to arouse
enough buying interest to develop
any sustained advance.
Anyone in touch with the aver
age man who is interested in
stocks knows that he is now ex-
tremely cautious. A good many
still want to buy stocks. But
most Of these have been burnt.
They have sold out at a loss
and want to recoup that loss
some day. But they now want
to be pretty sure that bottom
has been touched, their hearts
begin to flutter on the rallies,
but they will not take hold on q
sharp move.
Since the general business sit
uation is not yet sufficiently good
to support a sustained recovery
or even a rally long enough to
convince the average man, we are
not likely to see the beginning Of
a bull market for a good while.
(The lower price for Stock Ex-
change seats indicates a dull pc
riod aheaO.
There is nothing to suggest
sufficient short covering to pro-
duce a big enough rally to touch
off real buying movement yet.
Nor is it probable that there will
be before August.
Bottom Seen Near
I am inclined to think that the
market is close to the bottom of
the spring decline, however, and
my guess is that it will shortly
become stabilized at a little high
er level. The shorts have become
much more cautious and a grad
ual covering movement would let
prices snap back a little.
There will be some cautious in
veStment buying, including some
of the sounder rails. Pool opera
tion Gas in Woolworth and Gen.
eral Motors) will help.
The Washington times., 1931-05-12
CHAIN REPORTS
TONNAGE GAIN

American Stores Company,
operating several units here, re-
ports sales for five weeks ending
May 2 of $13, 3,728,O97 as compared
with $14,O90,912 for the five
weeks ending May 8, 1880. This
is a decrease of $362,815 or
2.57 per cent.
Sales for II weeks ended May
2 we're $48,161,911 as compared
with $40, ,660,332 for the II weeks
ended May 8, 1880, a decrease Of
$1,498,421 or 3.01 per cent.
The company reports that al
though dollar sales are below last
year, the volume Of goods sold
was much greater, as commodity
prices are approximately is per
cent lower this year than last.
The Washington times., 1931-05-12
nancia[ Nes Stocks Bonds Commodities and Conn1en
Time Past for Pessimism
Says Finance Writer

signs Of improvement, which is
always a forerunner Of a better
stock market and better business
later.
Commodities are the lowest
since pre-war days and the defla-
tion has been the most rapid Of
any time since the Civil War.
Prices of many commodities are
far below the cost of production.
This win cut down production in
the future and when demand in
creases there will be a scarcity OF
commodities, which will start ad-
vancing prices and help to bring
a renewal Of prosperity.
Other improvements
Figures on pig iron output
show signs of improvement. The
textile business has been improV-
ing for several months. Silver
has reached the lowest price on
record anG I am confident that
something will be done to stabil-
ize the price and enable foreign
countries to buy from us and
help to start the prosperity wave.
Foreign countries are ready to
buy and only need financing to
start buying our goods. They are
showing a disposition to talk
peace. The people realize the
cost of the last war and that an
other costly war must be avoided.
There is still a possibility OF a
plan to be worked out to unite
the European countries and If this
problem is solved, it will start a
period of prosperity there which
must be beneficial to us.
This is the time to have faith
in our great country. It is the
time to quit talking pessimism
and get down to business and to
work. Do away with fear. Sup
plant it with hope and our tu-
ture prosperity is sure!
The Washington times., 1931-05-12
BY w. d. GANN

From my study OF all OF the
various facts bearing upon the
situation, I feel confident we are
on the eve of the return of pros
perity. Most people were too
hopeful in 1929 and bought more
merchandise and stocks than they
could afford.
During the past few months
people became e too pessimistic.
They have liquidated their stocks
and refused to buy except to sup
ply their actual needs, with the
result that we are nearing the
time when the demand must ex-
ceed the supply. In many lines
we hear that the shelves are
bare and when the increased de-
mand starts there will be a wild
scramble for goods at advancing
prices.
Money Is Cheap
Money rates are low and there
is ample supply of capital for
legitimate business and invest.
ments. Brokers' loans are the
lowest they have been in years,
showing a decrease of over a
$3.50, 100000 during April, 1881.
The market value Of all stocks
listed on the New York Stock Ex-
change has declined from a total
value of 100000, 600, 900 in 1929
to around $48,500,000,00O. The
ratio of brokers' loans to the
total value of stocks is the small
est on record, an indication Of
a thoroughly Hquidated condition
of the stock market.
Stocks have passed into the
hands Of investors who have
bought and paid for them and
have taken them out Of loans.
This has improved the technical
position of the stock market. The
bond market is showing distinct
The Washington times., 1931-05-12
Cheaper Money Expected
To Aid Bond Sales

Completion of the readjust-
ment of the Federal Reserve
Bank rediscount rates to a level
of a half per cent below that
maintained, in general, since the
end of last year, may be antici-
pated at any time, it was learned
today.
Last week eight reserve banks,
Boston, New York, Philadelphia,
Cleveland, Chicago, st. Louis,
Minneapolis and Dallas, made a
downward revision of their rates
with a minimum of 112 per cent
at New York.
This leaves Atlanta and San
Francisco on a per cent level.
and Richmond and Kansas City
on a 31a per cent level, while
reserve board officials decline to
The Washington times., 1931-05-12
GAINS
BIC IN SOUTH

Important acquisitions by the
Southern Cities Public Service
Company in 1880 are reflected in
the annual report issued today,
which shows that both the assets
and earning power are substantial,
ly greater than in the preceding
year.
The financial statements reveal
that total assets of this large pub
lie utility group at the end Of 1890
stood at $7O,849,217 compared
with $54,277,956 a year previous.
Has Local Affiliate
Southern Cities Public Service
Company Is one Of the major sub
salaries of the Central Public Ser
vice Corporation, operators Of the
Washington Gas Light Company
and supplies natural or manufac'
tured gas to 141,817 consumers in
6S communities, having an esti-
mated population of 1,250,000.
Among the larger communities
served are Atlanta, Macon, Au'
guSta, Rome, Athens, WaycrosS'
Brunswick, and Valdosto, Ca; MO
bile, Montgomery, Gadsden, AnniS'
ton, Tuscaloosa, Selma and De
eatur, Ala; Roanoke, Va; Blue
field and MartinSburg, w. Va;
Charleston, S. c.; Johnson City
Tenn: Pensacola, Key West and
West Palm Beach, Fla; and Port
Arthur, Tex.
During 1880, the company sold
it's subsidiaries operating in Mis-
SisSippi, and acquired companies
which serve IL communities haV
ing an estimated population Of
$4,000 in Pennsylvania and New
Jersey.
Net Earnings $76S,2S2
The earnings statement Of
Southern Cities Public Service
Company, based on properties
owned or controlled at the close
Of 1880, irrespective of dates ot
acquisition, shows that gross
earnings and other income for the
year were $7,977,137, with net
earnings after expenses, main
tenance and general taxes, o1
$3,4S2,921. After allowing for the
full interest requirements there
was a net income available fol
retirement provision, miscellane
GUS charges and surplus Of $76S,
282.
These properties spent $4,14S,
900 for new construction in 1880
principally for enlargement, ex
tension, improvement and adapta
tion Of transmission and distribu
ton systems.
The Washington times., 1931-05-12
COTTON CABLES
ARE DOWN
Fractions vepr sent Sands
IOI I means IO1 l.S2

NEW YORK, May IL GN.S),
Future contract prices on the
New York Cotton Exchange today
were slightly lower on easier Liver.
pool cables and a reactionary
stock market. The market was
only moderately active.
Wire houses Hquidated near
months and Liverpool and the
Continent sold distant months.
The South sold, and there was
some scattered selling by the
shorts. Japanese interests bought
July. Price-fixing orders from
spinners and buying by cooper
ative brokers in January and
March, however, furnished sup
port to the market, an dafter the
first drop, contracts maintained u
steady undertone.
At midday, May sold at 9.73
off 8; July at 9.94, off 6; October
at 1923, off Z; December at 1880,
off 8; January at 1882, off 8, and
March at 1882, off z.
The New York Cotton Exchange
service estimated the amount of
cotton consumed by domestic
mills in April at $4,000 bales
This compares with the Census
Bureaus Figures Of 495 900 con.
sumed in March and $4,000 in
April a year ago. The weather
over the cotton belt was still too
cold with a minimu moi 40s and
SOS, but there was distinctly less
rain. If the rains hold off, there
will be a chance for the crop to
take q long Sten ahead.
The Washington times., 1931-05-12
CENSUS SCANS
|. COTTON SEED

The Census Bureau today issued
the following report showing the
amount Of cotton seed received
crushed, and on hand, and cotton
seed products manufactured, ship
ped out, on hand and exported for
nine months ending April 80,
1881, and 1880, respectively:
Cotton seed: Received at mills
excluding reshipmentS, tons 1872
TAO and 4,886,583. Crushed, tons,
4,562,85 and 4,728,681.
Products Manufactured
Crude oil, pounds, 1,392,117, $50
and 1,477, ,104, 1897.
Refined oil, pounds, 1925, ,099,
677 and 277,679,916.>
Cake and meal, tons, 2.087, ,157
and 2,102,499.
Hulls. tons, 1,261,s5s and l..
304,119.
Linters, running bales, 1855
and 975,959.
Hull fiber, 50o-lb. bales, 1904
and 65,3s4.
Stocks April 30
Seed, at plants, tons, 95,297
and 1871, 1893.
Crude oil, pounds, 43,04S,035
and 61,954,318.
Refined oil, pounds, 462, 1886, ,943
and 516,752,941.
Cake and meal, tons, 253,609
and 120,952.
Linters, running bales, 271,S24
and 224,49
The Washington times., 1931-05-12

forecast what action will be
taken by these banks, the gen.
eral assumption was they would
follow the lead of the eastern
institutions and drop their rates
From the domestic standpoint
the hope was expressed that the
extremely low rates for short
time paper might have the in.
fluence Of interesting investors
in long-term bonds.
Buy Bonds Young Man." was
the thought Of Secretary Mellon
months before the stock market
crash in 1929. Melons remark
was considered sound at that
time by E.any, even if it went to
a large degree unheeded. There
is no reason to believe he has
changed his views today.
The Washington times., 1931-05-12
NEW LOW RATE
INSURANCE IS
EXPLAINED
Life Expectancy Policy With
Annual Cost Per $4,000 as
Little as $1,000 Available
BY FRANK F. LOOMS

A life insurance policy is a
friend in need. 1t has been the
salvation Of millions.
There are few families who do
not carry some form of life insur.
ance, and the Importance Of life
insurance in the life of the peo-
pie and Of business in the United
States cannot be overestimated.
A life insurance company has
to base the cost of policy on the
length Of time a man is expected
to live, according to the Amer,
ican experience mortality table
For instance, a man age IS is sup
posed to live, on an average, 3S
years longer, at 35 years OF age,
for 81 more years, at age 40, for
% years longer, at age As, "a more
years; at so years Of age, for 20
years; at age SIS, for II more
years, and a man at age so
should live IA years longer.
Low Term Policy
Some, of course, may live a
longer time than expected, and
others a shorter period, but the
above is the average expectancy.
Several life insurance COM
panies are now issuing low rate
term expectancy policy, on which
the cost per year is based on the
above table. For instance, $4,000
will be paid if the policy ma
lures by death during the speci-
fled period of your expectancy
of life" For this $4,000 OF pro-
lection the annual deposit re-
quired would be about as follows:
$1l0.70 if issued at age 25;
$123.30 If issued at age 80; $123 80
if issued at age 80; $143.80 if is
sued at age 35; $16S.40 if issued
at age 40; 5000 if issued at age
As, and $265.90 is issued at
age so.
While the above rates hold
good for a mans life expectancy,
the policy can be changed at any
time to any other form Of life
insurance without medical exami-
nation.
Income at 65 Years
One of the most popular life
insurance policies sold today is
one which provides an absolute
income to the insured after reach
ing IS years of age, with all pay
ments to the company ceasing at
that age.
This contract provides a
monthly income for the policy
holder if he lives after IS years.
or for his family if he dies be-
fore that time.
If you were IS today, would
you not congratulate yourself
for having foresight to purchase
such a policy?
The yearly cost naturally varies
according to the age Of the in
sured at the time the policy is
taken out.
The Washington times., 1931-05-12
Great Britain Seeks
Argentine Auto Trade

Great Britain displayed 40 mod
els Of passenger cars and Is varie-
ties Of trucks in Buenos Aires re-
Gently in an effort to capture part
of the Argentine automobile trade,
which is practically controlled by
American dealers, the Department
Of Commerce reported yesterday.
Since the Argentines are accuS-
toned to American makes and de-
signs, reports to the department
said, they did not take readily to
the British cars.
The Washington times., 1931-05-12
Cigarette Taxes Net
Gern11nu 236 Million

The German government col
lected $236,O00,00O in tobacco
taxes during the eleven months
ending March /, it was reported
by the Department Of Commerce
yesterday. It is estimated that
the tobacco tax for the fiscal
year ending April / will amount
to $267, ,000, 900.
Recent increases in tobacco
taxes and a new law which pro.
hibitS the sale Of less than nine
cigarettes in a package has caused
considerable dissatisfaction in Ger
many, the report says, and smokers
are turning to cheap cigars and
pipes.