davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-04-10
Of STATE
INCREASING

NEW YORK, April 10.-Signif-
icant recent developments in the
field Of public finance, such as
treasury deficits, delinquent
taxes and defaults in funded
debt, demonstrate that warnings
against increasing costs of gov
ernment 'have not been mere
cries of wolff" it is declared by
Felix M. McWhirter, president,
Peoples State Bank, indianapolis,
in an article in the current issue
Of the American Bankers AsSocia-
ton Journal. He adds:
"FOr the first time since the
war we have in Federal finance
the unpaIatabIe prospect Of a
period of deficit financing. If
tax rates are changed, revisiOns
are more likely to be upward
than downward.
"a second development Is an
increasing number Of States
confronted with deficits in
spite of large revenues received
as a result of advancing taxes
ON property and business to
discOuragingIy high levels.
Perhaps the two most dis
turbing symptoms are sharp
increases in property tax de-
liquencies rather generally
throughout the country. and an
abnOrmally large volume of
municipal securities in default"
Current tax delinquencies re,
fleet in considerable measure re
duced employment and drought
and crop conditions in rural
areas. and to that extent may be
regarded as a temporary element,
says Mr.. McWhirter.
The Washington times., 1931-04-10
Interest Rate Is Cut
ByPhiladelphia
Banks

PHILADELPHIA, April 10
Philadelphia Clearing House AS
sociation has reduced maximum
interest rates, effective April 10,
by p of l per cent on various
classes of deposits.
New rate for demand deposits
of other banks, trust companies,
individuals and corporations is
~ per cent, against the 2 per
cent rate which was established
February l.
New rate on demand deposits
of mutual savings fund aSsoci-
ations is 2 per cent, against 212
per cent. New rate on time de-
posits is 212 per cent, against
3 per cent.
The Washington times., 1931-04-10
HAZ|ER MARKET
PROSPECTS AS
DAYSPASS
Break in Rails Is Especially
Disturbing to Spectator,
Predicting Lower Levels
BY THE SPECTATOR

NEW YORK, April 10.--Market
prospects become more and more
hazy with each passing day, and
at the moment the situation does
not appear at all impressive for
the cause of higher prices.
The severe break in the rails
is particularly disturbing, since 1t
emphasizes that even at the re-
cent deflated levels investors have
shown no desire to retain their
holdings. The decline in the
Dow-Jones rail averages amounted
to 2.70 points, carrying this index
to a new low for the year at
92.02.
This compares with the Decem
ber bear market low of 91.65, and
if the movement in this group
is to be the forerunner Of what
the general list will subsequently
do, indications point to a near
term testing of the December
lows in the industrial list.
Has Hit Bottom
This view is not shared by all
sections of the speculative fra
ternity. Those who insist there
is little likelihood the market is
headed back to the 1880 lows,
point out that, first, there is no
heavy liquidation in sight, as in
vestment trust buying has been
and continues to be more than
enough to take care of the excess
selling which always results from
a general housecleaning by banks
and brokers in the first months
following a severe decline.
Scond. in each period Of liqui-
dation during the past fortnight
the market has shown definite
signs of slowing down and be-
coming dull, a sign that selling
had run its course. Third, there
are still a good many stocks
which have either BEEN accumu-
lated or optioned by small group
operators with a view to liqui-
dating at higher prizes; and while
such stocks cannot be said to be
in strong hands, nevertheless
there is the ever-present incentive
to mark them up at the first
favorable opportunity.
Declines Are Cumulative
Based upon market precedent,
however, a movement featured by
dribbing liquidation such as the
current one is usually a long
drawn out discouraging affair.
The declines are slow, orderly
and persistent but cumulative,
and usually culminate in burst
of general selling.
According to a leading COM
mission source, attention should
be given to the profit possibilities
in some new or rehabilitated in
dustries in which the public
shows little faith at this time,
but which are obviously improv-
ing in the face Of a decline for
others. Among them are public
utilities, aviation, radio, trucks
and busses, food distribution and
electricity.
Reports circulated in financial
quarters that U. S. Steel is likely
to reduce it's dividend this year
are regarded as absurd in we'll
informed circles. 1t is pointed
out that the company earned
1912 a share in 1880 and that 1t
will be necessary to earn only
$488 a share in 1881 in order to
cover the $14 dividend distribu-
ton for the two depression wears.
The Washington times., 1931-04-10
RANCE MARROW
T.. IN UTILITY
24o'a
!: i. i: PRICES
limited States SeteI Is Quiet
= =. Awaiting Today's Report on
2, ,s,niMonth's untitled Tonnage
BY w. S. COUSINS

- NEW YORK, April 10 QNSO
AFTER a quiet and dull first hour,
: in which the leading stocks moved
unsteadily through narrow price
range, the railroad stocks were
.sagain forced downward bv a
..moderate selling wave today, re-
'.cording new low prices for the
';year.
:: W.. Surge in TObaccOS
:. The tobacco stocks spurted on
.;reports of a projected advance in
i:prices of cigarettes and cigars,
::American Tobacco B leading with
"a .512-point jump to 1861. Loril-
lizard, Reynolds and other tobacco
sShares sold about point higher.
= The motor stocks made a mild
:Splurge at the opening, with
tNash ahead 212 points on an
i;nouncement of the regular divl-
;dend declaration after the close
.Of yesterdays session. General
.Motors moved ahead about a
.point to 441s.
:: United States Steel was COM
:.paratively quiet while awaiting
,Ithe monthly report on untitled
homage.
:: Union Pacific was again the
!center of heavy selling in the rail
.road group and dipped about 4
.ipoints to a new low at 1874.
New Haven lost points at IA.
:; Utility Range Narrow
:: New York Central found sup
.port only at new low price at
.104, the lowest since 1925. Rock
slsland and Katy lost a point each.
:Atchison was down 212 at 172;
:And Nickel Plate down 2.
y Price movements in the utili-
ties and specialties were narrow
.and transactions in the first half
hour totalled only 100000 shares.
The Washington times., 1931-04-10
Banking Institute
Picks so for P1rLeu

About so members were nomi-
mated last night by the local
chapter of the American Institute
of Banking as prospective dele
gates to the national convention
of the organization soon, in
Pittsburgh.
Thirty Of those nominated will
be elected at a meeting sched-
uled for the local chapter
AHril %.
The Washington times., 1931-04-10
BONUS DANGERS
HELD SMALL

1t now appears that World War
veterans are going to call on the
Treasury for more than 800 mil
lion dollars as loans on adjusted
service certificates, says the
Standard Statistics Company, OF
New York, in a current bulletin
which continues in part:
"The total amount to be
loaned may run as high as a
billion dollars within the pres
ent calendar year, although we
rather question this at the mo-
ment. Retail trade is being
stimulated to some extent by
the bonus payments, and not
all the buying is Of necessities.
The peak of "bOnuS buying"
probably will come in April or
May.
The Treasury is facing a
prospective deficit of perhaps
as much as $75O,OOO,OOO next
% June 80. This should cause no
serious disturbance in the Sc
curity markets, for there Is
plenty of loose investment cap
ital to meet the TreaSury's
borrowing requirements"
An increase of Federal income
taxes is indicated as a probable
necessity and the increase is
fairly sure to be applied to the
higher brackets of individual in
comes of the So-called rich men
the review concludes.
The Washington times., 1931-04-10
Outlay for Building
Beams to Increase

NEW YORK, April 10.-After
steady decline in the value OF
building construction stretching
from 1925 to the early part of this
year, the scale of expenditure has
apparently quite definitely begun
to rise, so that the March total of
permitted building reported to
Bradstreet's is the largest in value
since last September.
The Washington times., 1931-04-10
BANKERS In RICHMOND

Among local bankers attending
the meeting of the Stockholders
Association of the Richmond Fed
eral Reserve Bank today are PreSi,
dent John Poole and Vice Presi-
dent Wilmer J. Waller, of the Fed
eral-American National Bank and
Trust Company; Vice President
George o. Vass, of the Riggs Ma
tional Bank. and President H. H.
Mckee, of the National Capital
Bank,
The Washington times., 1931-04-10
.ALLEGHANY CORPORATION

Allegheny Corporation has de-
clared the regular quarterly diVi-
dend TO $1.37 on Class A pre-
ferred stock, payable May / on
stock Of record April 20.
The Washington times., 1931-04-10
WASHINGTON STOCK EXCHANGE
SALES

Capital Traction. 1O@33H, 10
633, 1O@33, 1O@3212, 1O@325s,
1OO03212, 1063234.
Lanston, 10@1O414, 106103A.
FederalAmerican Co., common,
Carpet, 25@24, 25@24, ESQ
241s, 25@24A.
AFTER CALL
Georgetown Gas SIS, 5000 1O4.
Capital Traction, 10@32A.
Mergenthaler Linotype, 10000.
Capital Traction 30@323s, 10
@325s.
Carpet Corp, 25G243s.
Public Utility Bonds Bid Ask
Amer Am Is' e r cti III n = 5s s' i65,. los
Anacostia & Pot r. r 5s... ~ S1l4
Ana 4 Pot Guar 5s.,....... 81 l.....
c & Tel Of Va 5s........ 103 -.
Cap Traction II r 5s....... IS ~
City & Suburban 5s ........ 7S 49,.
GEORGETOWN Gas LIST .i104 Hos Il
Potomac Elec Cons 5s...... 1897 .....
Potomac Elec is 53.... 12S12 .....
Wash Alex & Mt Ctt.... ! ~.
Wash BALTIC & An 5s...... IS %
Washington Gas 4i2s...... 1914 100&
Wa ashington Gas 5S ..s.o.o"lU5 IlO0
Wash Gas Is series A..~... llOl y 1928
Wash Gas series B........ Hos 106
Wash Ry & Elec As ......I 80 S9 n
Imperial Valley press., 1931-02-28

which is to occur March 6 in the
gymnasium. beginning at 7:30.
The party is to be very informal,
the girls wearing print dresses and
the boys corduroy trousers. Those
in charge of the entertainment are
working on a track meet idea. ac-
cording to Miss Wallace. one OF
the freshman class advisors.
Members OF the junior college ra-
dio class are making an instrument
board for the radio laboratory. The
purpose of the board is for expert
ments, tests and measurements. II
is equipped with two Wheatstone
bridges and switches for alternating
and direct current supplies.
Although the board is yet incom-
plete. many experiments have al
ready been made upon it in radio
measurements
Mr.. Cook. the radio instructor, says
that this years class of Is is the
largest he has ever had in day
class.
Imperial Valley press., 1931-02-28
RESERVE OFFICER
GUILTY AT MOCK
COURT TRIAL

Before a high tribunal composed Of
members of the reserve Officers OF
Imperial Valley, Harvey C. Archias,
second lieutenant. was found guilty
of various and sundry charges at
a mock court-martial staged at the
Barbara Worth hotel last night as
a part of the evenings entertain
ment for the Reserve Officers AS
Sociation.
Just what the charges were be-
came somewhat of a mystery as the
trial advanced but at any rate he
was declared guilty and sentenced
TO be confined to camp for 80 days.
Now the problem is TO find the
camp.
The United States Army forward
ed the plan and instructions for
the trial and they were carried out
as closely as possible when merri-
ment did not interfere with the
wheels of ''pustice".
Captain C;IE-le5 T. Delp presided
as trial judge advocate and Second
Lieutenant P. A. Thaanum was his
assistant.
More than rs Reserve Officers
and their wives attended the din
ner which was held prior to the
court martial.
Imperial Valley press., 1931-02-28
Published by
IMPERIAL VALLEY
PRESS, INC.
w. c. COSTELLO,
Manager
READ AND ACT


"A Boy Scout means a good citizen.
That phrase sums up in nutshell,
the objective of the Boy Scouts of Amer
lea.
This nation may raise the greatest
crops, build the greatest factories, invent
the greatest devices of which the human
mind is capable-it may accomplish the
utmost in human endeavOr, but they Will
all fall flat and fail without good CIT
izenShip.
So important is the proper training
of youth that It would seem almost need
less to write about it. yet all OF us know
that all too often the youth Of the land
is neglected and when he comes to grief,
we adults ask, why?
In no section of the country IS proper
training of the youth more essential than
right here in Imperial Valley. We are IN
a border country, with open vice, drink
ing and gambling practically IN our
back yard Our means for recreation are
woefullv inadequate. The wonder is not
that so many of our youths go wrong but
that more do not.
The youth must receive the funda-
mental training necessary to good char
acter, in his home But his home cannot
follow him everywhere he goes and that
is where the Boy Scout movement steps
in. 1t is the solution to the problem
presented by the boys free time. If his
free time is devoted to idleness and mis-
chief, nothing short of miracle can
keep him from going wrong. If his free
moments are spent in good company,
under proper supervision, it is just as
difficult to lead him off the straight and
narrow path.
There is simply no argument about
the worthwhileness of the Boy Scout
movement. 1t has the full support of
ministers of every denomination, of edu-
Gators, judges, law enforcement officers
and all who stand for what is best in
American life
Next week the Boy Scouts of Imper-
Imperial Valley press., 1931-02-28
Issued Daily. Except
Sundays. Entered at the
Post Office, El Centre.
Calf, as Second-Clas
Matter.

ial Valley appeal to the public to help
them carry on their work here
i their home cities. Just as no
father would want his son to say that
his dad threw him down. so too Imperial
Valley must not let it be said that we
threw down its Boy Scouts.
Youth puts its trust and confidence
in adults. Can we afford to have them
find us wanting? If they do find US
wanting who shall we blame but our
selves, if the boys fall by the wayside?
Youth is entitled to the JOY that is
Youths right and the Boy Scout organ
ization helps him to get it. But getting
it requires the cooperation of the adults.
That is where we come in. Don't shirk the
responsibility. Get ready to do your part
next week when the solicitors visit you.
You know them. You know they are
busy men. They are giving of their time
and efforts to help the boys of Imperial
Valley. You can do yours by cOntribut-
ing.
If we haven't sons of our own, we prob
ably have nephews or younger brothers,
or we know the neighbors' youngsters.
Right now they are GOOD kids. We like
to see them scampering about and hear
them shout as they play.
In a few years they will be men. Will
they be the same type as the corner loaf
er, the pool room hanger-on. the petty
thief and eventually the criminal, or will
they be the sort of men we would want to
have associate with our sisters and re-
ceive into our families? Much of the
answer rests with u.s.
If you should be overlooked by the
solicitors, do not let that stop you. Send
in your contribution whether it be large
or small Send it to the Boy Scout head
quarters. Send it to any of the banks
Send it to this paper. Send it some place,
but be sure to send it.
Why not write out the check right now
and have it ready? 1t will save your
time and the solicitors.
Imperial Valley press., 1931-02-28
KiWanianS Hear
Talks On Weather

Duties and activities Of the Unit
ed States Weather Bureau were
outlined at Kiwanis club luncheon
yesterday at the Barbara Worth
hotel by F. A. Baughman, Imperial
Valley bureau representative, and
James II. Gordon, who has charge
OF the Yuma weather bureau.
The speakers told of the govern
ment thermographs maintained III
stations throughout the valley and
of the closing OF the frost service
during the summer months here.
Their remarks proved TO be very
interesting and instructive.
w. w. McEuen told OF the Boy
Scout drive for funds and some
thing OF Scout activities in the
community. His remarks were
supplemented by ID. B. Roberts.
Kiwanian. who urged club mem
bers TO lend the drive their sup
port.
The club as q whole pledged sup
port TO the movement.
Imperial Valley press., 1931-02-28
TWO FAVORITES
IN FILMS OVER
THIS WEEKEND

It's the United States Coast
Guard in which Edmund Lowe Is
serving in Men On Call > which
plays tonight only at Fox Imperial
theatre.
Lowe has been seen as a marine,
soldier, a member OF the Foreign
Legion and in other military organ
izations. At the outset of tonight S
play he is q railroad engineer, but
a disillusioned love affair sends him
away a wanderer and his pal picks
him up and gets him into the coast
guard.
The love affair is eventually
patched up. but Lowe has several
stirring adventures before that hap
pens.
Mae Clark is the girl and William
Harrlgan is Lowe IS pal.
Sunday night Marion Davies Will
be seen in her latest release, 1.-The
Bachelor Father " One Of three
children who are the result OF love
affairs by an English nobleman, she,
with her sisters is invited to spend
some time at his estate.
There the nobleman S attorney
falls in love with her but 1t Is re-
veaied that she is not the noble
man s daughter and she is cast out.
A bad crash while she is accom-
panying a flyer on proposed trans
Atlantic trip, reunites the lovers and
wins the old mans approval OF
their marriage.
In addition to the feature pictures
there will be stage entertainment.
Imperial Valley press., 1931-02-28
LOCAL JUNIOR
CHAMBER READY
FOR CONVENTION

With only one week between them
and the time when they must en-
tertain 100 or more delegates from
Junior chambers OF commerce OF
California, Arizona, Utah, Oregon,
New Mexico and parts OF Texas,
members of the El Centro Junior
chamber Of commerce today are
finishing preparations for recep-
ton OF the Sixth regional conyen-
ton Of the National Junior chamber
OF commerce.
For many weeks past committees
appointed by the local president,
Russell Kleigel, have been function
ing smoothly in preparing various
departments Of entertainment and
business to be taken before the
visitors.
The last issue of the Desert
Breeze, official newspaper Of the
local organization, has been mailed
TO other clubs throughout the sixth
region. 1t contains data on the
convention, and items informing
proposed visitors OF the activities
of the e. Centro junior chamber.
Only one regular meeting Of the
local organization will be held be-
fore the El Centrans are called up
on 10 act as hosts TO the visitors,
who will arrive here next Friday
night or next Saturday morning.
With the exception OF a dinner
Imperial Valley press., 1931-02-28
ACTIVITIES AT CENTRAL UNION

Pauline EaSterling is doing un-
usual and exquisite work on her
interior decoration model. which
work the art classes are now doing
under Mrs. Ray.
The plan is to furnish q minia-
ture room on the size OF a shoe
box. All the furniture is on the
same diminutive scale. Pauline
has made her furnitures sout of pa
per, lacquering ii with an air gun.
Some OF the students have bought
their materials from the doll house
department in the stores. Usually
two or three are collaborating on
one room.
The Imperial Valley track meet
will be held on the Central field
this Saturday. February 28. The
meet itself begins at 200 o'clock in
the afternoon, but the field events
start at l:30. This is the boys
track meet. the girls viii take place
next Saturday.
High school grade cards will be
issued again next week, as the pre-
liminary term for the first quarter
in this semester ends Friday. Feb
ruary 81.
All of the English teachers are
now emphasizing spelling, punctu-
alton, and grammar in their classes
since the results of the English
placements tests have shown that
most OF the Central students have
had insufficient drill in this work
President Ruth Correll of the AS
sociated Women Students called the
first meeting of the semester. Tues
day, February "a. The entire meet
ing was given to discussion of the
annual spring tea. which is given
by the A w. S. to the senior girls
of all the valley high schools. Al
the same time committees were
appointed for invitations, decora-
tions, and other things.
AS return party for the sopho'
rnore's reception, the high schoo
freshmen have planned "Dot
Dash party for the sophomores
Imperial Valley press., 1931-02-28

no tinkling bells awakened either
Mr.. Longears or Mr. Twistytail.
At last they both awakened. 1t
was getting dark and was growing
cold.
Hol" exclaimed Mr.. Longears,
twinkling his pink nose to warm 1t,
81 believe / must have been
asleep"
90 So was t. grunted the pig.
fThose bells might have rung a
dozen times and we never would
have heard them. Let's see If we
have any fish. -
But when they looked at the holes,
both were tightly frozen shut and
neither the lines, the hooks, baited
with hash and other things, could
have been pulled up. II there had
been any fish on the hooks they
could not have been pulled up
through the frozen holes
Huml' said Uncle Wiggily
"This isn't no good. Let's go
/ home!"
q Yes, guess we ID better, - agreed
the pig. Neither he nor Mr. Long
ears ever knew whether or not they
had caught anything. So it goes.
And If the apple pie will please
stop trying to turn somersaults and
making the piece of cheese tumble
off on its nose, III tell you next
about Uncle Wiggily S spool wagon
Imperial Valley press., 1931-02-28
AUTO AUCTION
EXPERT TERMED
'ONE MAN SHOW

There IS at least one man in the
public eye to whom the call ana
glamor of the screen have gone
unheeded. He is w. r. Stone, exc
cutive head of the w. r. Stone
Auction company, Inc.
In addition TO being one OF tne
nations leading and most reputable
auctioneerS, Stone is famed Tor
his quick wit and fluent oratorical
abilities. He has attracted capaci-
ty crowds upon his every appear
lance regardless OF the weather ana
has turned down several offers TO
transfer his mirthmaking quips
either to the stage or screen.
This "one-man show" will make
a personal appearance in this city
Monday at 2 o'clock when he con-
ducts the eagerly awaited used car
auction sale for Roy Womack and
John r. Robertson. Buick ana
Chevrolet distributors.
Fifty high grade cars will be sold
at the public's own prices, with
but a small down payment and
on easy monthly terms.
Practically all of cars have been
reconditioned repainted and they
carry the usual used car policy OF
these dealers.
Stone has conducted similar
sales for leading motor car dis
tributors throughout United States
and in every case buyers bought
cars at previously unheard OF
prices. The auction is held because
of the overstocked condition OF
the used car departments.
A large turnout is anticipated of
| those who will want to hear Stone
and those who wish TO purchase
cars at what promises to le the
most unusual automobile mer-
chandising event in the history OF
Ell Centro. The auction will be for
one day only.
Imperial Valley press., 1931-02-28
Hawkins Given
Term In Jail

Walter Hawkins, colored, was
sentenced to serve $50 days II the
county Jail for non payment. Of 4
fine levied on him for possec.on Of
liquor when he appeared Lefore
Judge I. Mayfield yesterday after
noon.
Hawkins is the same party who
was severely cut by q woman in a
Christmas battle on East State
street
He was in the hospital for several
weeks after the cutting affair, and
had hardly been dismissed when
he fell into the hands OF officers
for alleged possession OF liquor
Imperial Valley press., 1931-02-28
San Diegans To
Visit Sunday

Imperial Valley will be visited to-
morrow by parties of San Diego res
idents and tourist visitors who avail
themselves of the attractive excur-
sion rates offered by the San Diego
and Arizona Railway company.
The visitors are taken to points OF
interest about the valley and below
the line if they so desire. Many
came to spend the day with rela-
tfvee ny friends
Imperial Valley press., 1931-02-28

and dance entertainment in the
evening, the entire Saturday ses-
sion OF the convention will be taken
up with discussion OF business in
teresting TO members Of the jun
ior chamber. A dance at the Bar
bara Worth hotel in the evening
will give visiting delegates, accom-
panied by their wives, chance at
relaxation.
A tour of Imperial Valley, end
ing in a visit 70 the Algadones
headgate of the Imperial Irriga-
ton District, Will take up the at
tention of the visitors Sunday. with
local Jaycees acting as guides 70 the
out of town visitors.