davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1931-01-01
Hutchinson and Company

Certified Public Accountants.
Audits-Systems and Monthly Supervisors - Income
Tax ConSultants.
Rooms 112-114 Rehkopf Building
Phone 525 R. L. Soper, Res. Mgr. Ell Centro, Cal.
Imperial Valley press., 1931-01-01
IMPERIAL VALLEY PRESS
Information Department.
BUY TT IN Ell CENTRIC
Army 4 Navy Variety Store

New and Used Furniture, Stoves, Linoleums
ware. We buy and sell everything for less. M. Ms
prop, 480 Main st.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
BANK CREDIT POOL
GROWING RAPIDLY
Fifth District Organization
Has Made Rapid Progress
in Perfecting Plans.
BY EpwAkD c. STONE.

Rapid progress is being made in or
eanizing the NTH Federal Reserve dis
trictss unsls of the National Credit
Corporation, which Is handing the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
FEDERAL RESERVE
CREDIT ITEM DROPS
Outstanding Loans Decrease
$4,000, 900 During Week
Ending October 28.
BY the Associated Press.

BY the Associated Press
The daily average volume of Federal
Reserve bank credit outstanding the
week ending October %, as reported
by the Federal Reserve banks. was
2.232, 900 900. a decrease of SAG, 900 900
as compared with the preceding week
and an increase of 81 ,241 ,000, 900 COM
pared with the corresponding week in
1880.
On October % total Reserve bank
credit amounted to $2,211 zoo, 900, a
decrease of SGT ,0OO.0 900 for the week.
This decrease corresponds with de-
creases Of S24 1000, 900 Ia money In clrCu-
lation, $4,000. 900 in member bank
bank deposits, ETC., Offset in part by
decreases Of $40 ,000,000 in monetary
gold stock and $4,000, 900 in Treasury
currency adjusted.
Holdings of discounted bills declined
SIC. 000,0 at the Federal Reserve Bank
of New York and increased 5000 900
at Chicago, 100000 at Cleveland,
Sc, 000, 900 at Atlanta, 5000, 900 each at
Philadelphia and Kansas City, and
$i9.000,000 at all Federal Reserve
banks The systems holdings of bills
bought in open market declined $44,-
100000. while holdings of United States
securities were virtually unchanged.
October % totals Gin millions of dol
lars) with changes from a week ago,
follow:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
MARYLAND CREDIT
WORK is ORGANIZED
Chairman Rieman Announces So
5s5, 900 Subscribed to Assist
Banks of State.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, october 30.--National
Credit Association, No. 2, of the Fifth
Federal Reserve District, the Maryland
body of the National Credit Corporation
became operative yesterday. and the
Loan Committee held its first formal
meeting, Charles E. Rieman, chairman
announced. AS of the close of business
yesterday, Maryland banks had sub
scribed 50, SIS 900 of the National Credit
Corporation gold notes.
The Loan Committee decided that
to better serve the county banks the
out-of-town members of the committee
will deal with the banks in the follow
ing counties:
Z r, Howard Duckett, Prince Georges
Bank. Hyattsville-St Marys, Prince
Georges, Charles, Calvert and Mont
gomery.
( Henry Shriver, First National Bank,
cumberland-Garrett and Allegheny.
Holmes d. Baker Citizens National
Bank. Frederick-Carroll, Howard,
Washington and Frederick.
william S. Gordy, jr., Salisbury Ma
.tional Bank. Salisbury-Worceste Wi
comico, Dorchester. Caroline, Somerset,
Queen Annes, Talbot and Kent.
Anne Arundel. Hartford and Baltimore
County banks will deal directly With the
Loan Committee in Baltimore, 1t was
stated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
10 purrOurA MtilA)

81 l5sS Bush Terminate u } i.
1oA So Bush Term deb (7D
2sx 1b< Butte Copper & Zinc.
2o% "a Butterick Co.
6Qa. 12As Ryers "A NJ Co. -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
MARKET REPORTS SHOW
FAVORABLE CHARACTER
Special Dispatch to The star.

Special Dispatch 70 the star.
NEW YORK. October 30.-At least rs
per cent Of the overnight news was IA
vorable to today's market. The Beth
lehem Steel dividend had not been gen.
orally expected. Wall Street had an
t.cipated an advance in the Federal
reserve rediscount rate to 4 per cent,
and Thursdays market for bonds sag
gested this change. But it did not come.
The weekly statement of the Federal
reserve banks, showing a let-up in the
increase in notes in circulation. which
means that the boarding craze is pass
ing. was another satisfactory factor.
Markets abroad displayed less nervous
ness over conditions here, with exchange
rates more favorable TO the dollar than
they have seen recently.
The study of business conditions
throughout the country presented by a
trade organization pointed out signs of
improvement in various industries and
IN different industrial localities Fur
Their liquidation of speculative accounts
was emphasized with another reduction
in brokers loans. Then there was gen.
erai emphasis In foreign dispatches that
France and Germany will soon get to-
gether to discuss the question Of repa-
rations and debts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
BY CHARLES +. sPEARE.

Special Dispatch 20 The Star.
NEW YORK, october 3o.-The fact
that several fixed trusts have felt
prompted within the last few days to
offer to the public new series OF
their shares may be a sign that the
stock market Is turning upward. It may
not he an accurate one. however, as the
thing has been done before.
Fixed trusts, as q whole, have been
quiescent for several months, They
have been among the many victims OF
"A declining market. Those that were
indirectly frowned upon by the New
York Stock Exchange through omission
from the preferred group receiving list
ing privileges have. in some cases.
quietly folded up their tents and faded
out of sight The large distributors of
shares of the fixed character have been
hiding their time and waiting for that
propitious moment when It seemed rea-
sonable to expect A. sterilization of the
stock market. permitting the Inaugural
ton Of another campaign for a public
offering OF their issues.
Difference in Prices.
Naturally, prices at which these
shares are put on the market differ
greatly from those emitted in large
volume during 1880 and in the early
part OF 1891. OiLlCe tllOSe SOOO JlIIleo
there have been shrinkageS of as much
as so per cent in the unit value of fixed
trust shares put out at an average SO
much below that of 1929 that it looked
like sure thing" to buy these stocks
and profit exceedingly thereby. One Of
the newer Inventions was a trust built
upon the thesis that within two years
of 1880 the market would have brought
a doubling and trebling of the values
of selected lists of low-priced shares.
The trust could then be liquidated with
a handsome appreciation to the holders
of It's securities. This did not work out
as had been anticipated due TO the
persistency with which stocks that IN
1890. had already slumped so to 90 per
cent. kept going down the price
toboggan.
Another difnculty the fixed trusts
have faced has been with their income
account They all carefully selected
stocks from the three. major groups,
namely railroads, industrials and pub
lie utilities, believing that through a
scientific diversification of their capital
they could insure themselves and their
clients against capital losses, Academi-
cally. this Is one of the soundest of all
investment principles. Practically, it has
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
FIXED TRUST SHARE OFFERINGS
MAY PRESAGE STOCK UPTURN

been upset by the universal character OF
the decline which has taken place and
in which, from the highest TO the low
est kinds of stocks and bonds. there has
occurred q substantial depreciation.
This principle did not protect the flxed
trust. any more than the general man.
sgement trust. from losses OF income
when it became necessary for corpora
tons to inauguTate a general practice
Of reducing or emitting dividends in
order to protect their cash reserves and
TO keep their fixed charges inviolate.
ShrinEage in Assets.
A considerable number of the IS to 40
stock issues that appear in every fixed
trust portfolio have now gone to a
lower dividend basis. Some of them no
longer yield a dollar to their holders.
Consequently. not only has there been
shrinkage in the asset values OF fixed
trust shares, but reserves set up to meet
rather arbitrary payments of dividends
on these shares have been exhausted
and the distribution to shareholders has
been smaller. 1t takes some time to put
into effect the substitution in a fixed
trust portfolio of a new dividend pay
ing stock for one that has to be cast out
of the portfolio when its dividend is
omitted
A condition characterized by the
term evaporation" has developed
among some of the smaller fixed trusts,
and there were scores of them pros
NOTED one. and two years ago. This
results where the sponsor for the trust
no longer finds a market for additional
shares and allows the shares outstand-
ing to seek their own price level. In
other words. he abandons all obligation
and pulls out his bid Under such
circumstances the stock drops well
below its nquidating value.
Holders of the stock are approached
and offered cash terms for their shares.
These they accept In the belief they
have been persuaded into poor situa-
ton and are willing to get out of it
il they can save a small part of their
capital. These oddlot purchases are
built up into units of sufficient size to
be presented to the trustees of the
fixed trust and prescribed units of
collateral released. This collateral Is
then sold in the market with the re-
suit that eventually there is only a
skeleton remaining of the original cor
poration.
The fixed trust came into being
after the general investment trust had
had its fling and had captured the
imagination OF the American public to
the extent Of about $4,000, 600, 600. It has
been reckoned that subscriptions to
fixed trust shares subsequently ran as
high as $500, 700 900 to $500 ,o00, 900.
Some estimates are much larger. There
has been considerable criticism of the
percentage of profits made by. dis
tributors. In fact, the history of fixed
trusts includes what Is popularity
known as the ''racketeering period, .
when exorbitant loading" charges
we're imposed. It Is among those COM
panies that put on the highest charges
that the greatest amount of "evapora-
tinp" is now taking place.
tcopyright. 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
BROKER LOAN TOTAL
IN FURTHER DECLINE
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October 30--The week
ly statement of the Federal Reserve on
brokers' loans showed decrease of
$l5,000,000 during the week ended Oc-
tober % to total of 1863, 900 900, a
new low record since December 2. 1921
when the figure stood at 1881 $40, 600.
This compares with the previous 1881
low of 1884, 900 900 made last week, and
with $2.215, 900 900 on October 20, 1880.
Loans for own account were -$594,-
900, 900. compared with 1908 100000 a
week ago. Loans for out-of-town banks
totaled $97, 900, 900 against $102, 900 600.
and loans for account of others
amounted to $4,000, 900 cortrasted
with $179 900, 000 Demand loans con-
stituted $606, 900, 900 of the total against
1914, 000, 900 week ago, and time loans
were 1858, 900 900 against $270, 100000.
The New York Federal Reserve dis
trict rediscount rate remains I'M
changed at 3ila per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30

freyalilns Interest and sommisslen.
Joseph |. Weller Il: sis, yah n !. 1 : Nv.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30

gigantic pool 70 re-
lease frozen credit
IN the Nations
hanks. AZ noted
lass week. wash
ingson was the first
nnh in the United
states 10 CT mplete
local organization
and subscribe 100
per cent 10 the
fund. almost &4,-
600, 900 bein 8
promised by the
banks here
Julien H. Hill,
president OF the
STATED Planters Ma :
tional b ank q
Trust Co. Of Rich
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
lO09 hl was WIN the Merchants Q

Farmers National Bank Charlotte, N.
c. moving from there to what is now
the; First s. Merchants National Bank
of sRichmond, of which he has long
been president. A former director IN
the Richmond Reserve Bank, he Is now
q director in nearly a score OF very
important corporations, and stands at
the very top in Virginia capital bank
ing circles.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30
PARIS BoURsE PRICES.

PARIS. October 80 (R.-Three per
cent rentes, "a francs 20 centines: 5
per cent loan. l02 francs IS confines
Exchange on London. 90 francs so
centimes. The dollar was quoted at IS
francs 49, centimes.
The Bourse win be closed until Tues
dAy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30

Continued on PagsAlA)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-30

7sh SSH Gen Am Tank Cart4l
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04

a rich source Of starch has been found.
From this root a -four can be MADE
which was the chief constituent OF the
bread of the Seminole Indians when
they were hard-pressed in their wars
with the whites.
Western Plants Studied.
Most of the plants studied to date
are found west Of the Mississippi.
This is because the chief source OF
tips" regarding their food and other
value lies in the reports OF ethnolo-
gists who have studied the food habits
of various Indian tribes. The Eastern
Indians were largely killed off before
anybody took the trouble to examine
their menus. The plants are being
gathered by Forest Service workers in
cooperation with the chemistry bureau.
Each plant is first given hasty
analysis, after an examination of the
references concerning it. This reveals
whether it is worth being set aside for
further study. The majority can be
discarded after this first analysis. Some
of the most valuable plants used by the
Indians, it is explained. were taken
over almost Immediately by the earliest
settlers. These include corn, the potato,
the squash and the bean. Others were
passed over altogether and. we're 1t not
for the present investigation, might be
lost sight of altogether.
Best Being Grown.
Some OF the most promising plants
Of the hundred studied now are being
grown at Pacific Coast stations under
the supervision of the bureau to de-
termine the practicability of introduce
ing them into agriculture. BY their
development, it is pointed out, it may
be possible to obtain sufficient supplies
Of some plant products which now
must be imported
Some may prove sufficiently val
liable, it was pointed out, that farmers
will grow them in place of some of
the crops now suffering from over-pro-
duction. The work is in general
charge CT DR.. H. S. Paine, chief of the
carbohydrate division.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
CHEMISTS FINDING
WILD PLANT VALUE
New Sources for Food and
Drugs Revealed in Studies
of Many Weeds.
BY THOMAS r. HENRY.

Hundreds Of weeds and wild plants
now are being studied by the carbo-
hydrate division of the Department OF
Agriculture's Bureau Of Chemistry and
Soils in a study Of the latent plant
wealth of the country.
A list of approximately 1000 plants
has been prepared. all OF which arc sus-
pected of containing substances mostly
starches and sugars, which are avail
able for food and industrial uses. Many
of them were used by the aboriginal in
habitants. but for the most part the
food content is so low or so difficult to
extract that it would not be profitable
to exploit them.
New Alcohol Found.
Already this research has resulted
in the discovery of one new alcohol,
hitherto unknown to science. 1t comes
from the root of weed common in the
Rocky Mountain region which bears
yellow blossom similar to the sun
fewer. The new substance, which has
been named sagittol, has an odor very
similar to camphor.
Three new sources have been found
for the substance inulin, similar in its
properties to starch but a compound OF
the sugar levulose as starch is a COM
pound Of dextrose. Inulin was used
for food by the Indians and various
inulin- bearing tuberS are eaten in
Oriental countries. Up to the present
the white man has been a starch eater,
End the actual nutritive qualities of
this sister substance are little known.
The new sources are the root of camaS,
member of the lily family; the tuber
of the wild onion, and balsam root. All
is contained in the roots of the golden
rod, the dandelion and the burdock.
Licorice Yields New Substance.
In the wild licorice plant has been
found the chemical substance glycyr-
rhizin. which is nearly identical with
the licorice principle used in candy,
except that it is bitter instead Of sweet.
The bitter drug has considerable value
in pharmacy.
Bureau chemists have secured for the
first time in many years, quantity
of the drug anhalonin. which is OBJ
tanned from an Arizona cactus, which
was used by the Indians for its potent
Intoxicating properties. Practically the
only work on anhalonin was done in
Germany nearly 80 years ago. 1t is an
alkaloid of the same general chemical
family as morphine. and is known to
have a powerful effect on the human
nervous system. Large doses are fatal.
Apparently it has none of the pain
killing properties of some of the aka
loidS.
Tannin Source Revealed.
In carnaigre, a New Mexican plant,
has been found rich source OF tannin,
used for preparing feathers and OBJ
tanned chiefly in the past from the
bark of the oak and chestnut. Sources
of tannin, are badly needed. Another
substance for which the bureau chem
lists are seeking is cellulose, which now
has a new value because of the growing
rayon industry. Practically every plant
has some of it, but the most abundant
source to date among the plants being
tested is the balsam root.
In the roots of zamia floridana,
tuber- growing plant of the Everglades,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-06-04
Danville Votes Friday.

DANVILLE, Va, June (SpeciaD -
A hitherto listleSs campaign on the
little interest here. The movement is
to be determined at the polls Friday
While the Election Board has completed
preparations for the voting little inter-
est has been manifested by the voters
The Washington times., 1931-10-05
VIRGINIA FACES
BUDGET CUTS

RICHMOND. Va, Oct. 5.
Sharp cuts in appropriations will
have to be taken by practically
every State department and in
stitution. it was indicated follow
ing a meeting of the States fiscal
officers at the Capitol. The Off
cials are confronted by an esti-
mated loss in revenue for the gen.
eral fund of $4,600,000 for the
next biennium, according to j. H.
Bradford, director of the budget.
The budget for the current
biennium, Mr.. Bradford said, was
based on an estimated revenue of
$37, ,670,80O, and there Is still a
possibility of a deficit in the
treasury at the end of the pres
ent fiscal year.
It appears now. it was pointed
out, that the budget for the next
biennium will have to be based
on an estimated revenue Of $33,
O70, 800.
The figures for the next bi-
ennium are tentative, however,
as no definite conclusion was
reached by the fiscal officers.
Final budget figures are not likely
to be fixed for another month.
The Washington times., 1931-10-05
SUES
OVER CUSTER

HAGERsTOWN, Md, Oct. 8.
A suit growing out of the dis
missal of a married teacher was
filed in the circuit court here by
Mrs. Valeria Jones against the
board of education of Washing
ton county. She ask for $2,500.
The plaintiff contends she was
employed in 1921 as a teacher in
the public schools for an unde-
termined period and served until
June 80, 1881, when she says she
was dismissed.
She alleges that her dismissal
was made without reasonable
cause and that she has thus been
deprived of an annual salary of
$1,400.
The action follows the dismissal
of IA married teachers by the
board Of education just before
the reopening Of the public
schools this fall. Later nearly
all of these teachers were placed
in rural sections of the county.
The Washington times., 1931-10-05
BALLSTON MAN
50 TODAY
B s. 2. {! >!

William M. King, for 40 years
a resident of Ballston, Va, is
celebrating his ninety-ninth birth
day today at the home of his SON
in-law, DR.. w. c. Welburn.
Surrounded by a host Of
friends, Mr.. King will cut the
huge cake prepared for him by
his daughter. Mrs. Welburn,
which bears SO candles.
Mr.. King served in the Depart
ment of Agriculture for 80 years.
starting in 1895, and attributes
his long life to his modern
method of living" and to his
active life outdoors.
He is an active member of the
Grange, having joined in St.
Louis in 1872, and is an honorary
master of the Potomac Grange
of Washington. His articles on
agriculture have appeared in
leading agricultural magazines.
The Washington times., 1931-10-05
ROBERT HUGHES
TAKES BRIDE

A romance which began last
Easter burst into full bloom when
Miss Alyne Carmen Finley, 1S, Of
johnson City, Tenn, became the
bride of Robert Allen Hughes, Of
Forest Glen, Mo, 2S-year-old
courthouse clerk in Rockville.
Hughes met Miss Finley in Ten
nessee and saw her again when he
was at Virginia Beach, Va, with
the Rockville Company Of the
Marine Reserves Of which he is a
member. Miss Finley was on her
vacation there at that time.
While Hughes, for some time,
has been the subject Of some
good.natured banter in regards TO
long distance telephone calls to
Johnson City, his sudden mar
rtage came as a surprise 10 his
co-workers.
The Washington times., 1931-10-05
A S THIN A
DISAPP
Recovery Follows Discovery OF
Basic Cause Of Disease

All who suffer with Bronchial Asthma
will be interested in a letter written by
Park A. Wade, of 1114 Orren St. n. e.
This letter says:
II am in receipt Of yours of the sth
inst. in which YOU thank me for recon-
mending DR.. Fugate's AsfhmA Remedy
to Marion L. Otis. she will also thank
me for recommending same after she
has taken a few doses.
I'm regard to the results my son and
both had from your medicine. at the
time wired for the first bottle my son
was having . terrible attack Of Asthma
and had to be closed in a room with
vapor lamp burning all night so as to
get his breath. As soon as you got the
remedy to US (Which was record time).
we both started on same and like one
of Aladdins Miracles my son slept every
night from then on. After taking two
thirds OF the bottle we are entirely over
the Asthma and have felt no signs of
its return. We are very grateful to
find something to give such quick
and permanent relief. We are mighty
glad to tell our friends and recommend
DR.. FuEats's Remedy to them"
PARK A. WADE.
Copies of similar letters. together with
an important booklet on DR., Fugates
discovery of the cause of Asthma and
Hay Fever, will be sent free by The
Fugats Co, Dept. 1855, 12e s. Meridian
ST., Indianapolis IND No matter how
serious your case, write for this free
beckett
The Washington times., 1931-10-05
5000 REGISTER
IN ARLINGTON .

With more than 5000 Airing
ton county voters having regis
tered prior to the closing hour
Saturday night. the political cam.
paign enters it's closing period
this week.
Tonight the Ashton Heights Cit
liens Association will sponsor a
political meeting at the clubhouse.
Speakers will include Hugh Reed
and j. Foster Hagan, candidates
for the House of Delegates; Henry
K. Green and c. w. Clever. candi.
dates for commissioner of reve"
nue.: and E. Wade Ball, candidate
for reelection as county treasurer.
Tomorrow night at the Bancroft
Community House. speakers will
be Howard B. Fields, c. o. KineS.
A. c. Clements. Carl Schultze and
Edward Duncan, candidates for
sheriff.
The Washington times., 1931-10-05
MARRIAGE LICENSES

Marriage licenses were issued at
Rockville, to Robert Allen Hughes,
%, Of Forest Glen, Nd, and
Alyne Carmen Finley. 18, Of John
son City, Tenn; Irwin s. Rider,
%, and Alice C. Rider, %, both of
Hanover, Pa; Leslie L. Cochran,
%, of Rockville and Marion Hill,
10, of Potomac. Md, Randolph L.
William, 81, and Myrtle Kath-
crime Sherrer, 10, both of Ken
sington, Md; Lester w. Payne,
%, and Ruth Louise EStridge, %,
both of Washington; Charles r.
Wrasse, %, of Clarksburg, w. Va,
and Virginia M. Stanford, %, of
Clay City, ILL.,, and Lewis K. Kal-
linger, 26, of Waynesboro, Va,
and Jeanette Anderson, 81, of
ScottSville, Va.