davidaulloa/AmericanStories huggingface dataset:
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-13
Trusty Killed

PAMPA. Oct 10. Ri-Joe Ortiz.
a trusty at the county jail here.
was killed last nigh. when struck
by an automobile operated by John
Rapstine Of White Deer. Ortiz was
crossing the street.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-13
COTTON HOLDING


NEW ORLEANS. oct. l3-dD-A
conditional accord on a plan to
keep approximately seven million
bales Of cotton off the market for
at least a year has been reached hy
the farm board. the American Cot
ton Cooperative association and
southern banking interests.
The program. based on granting
OF new credits and extension of old
obligations, was announced last
night BY representatives or the
various agencies involved after an
all-day executive session here.
Loans Agreed
Under II southern banks would
agree TO make or renew loans on
at least $4,000 00 bales with matur-
tiles not earlier than July. 1882.
With this financing completed. the
farm board will agree TO extend
obligations OF the American Cot
ton Cooperative, approximatlnR g.
000. 900 bales. until July 81, 1892,
with the further pledge that if
southern legislatures effect sub
stantial reduction f. the acre
age this year" the board viii con-
tinue to hold Its cotton an addi-
tiOnal year.
II was further agreed BY the sarm
board that SO long as extensions
are granted to the cotton cooper
alive. the cotton sterilization COR
poration will maintain It's present
holdings of annrOximatplv am n
bales.
Carries ProviSo
The agreement 70 hold BY the
farm board carried only the pro-
viso unless such cotton can be sold
at a price OF more than u - cents
per pound. based on the near month
Of the New York cotton exchange"
James c. stone, chairman, and
Carl Williams. cotton member. rep
resented the board In the deliber-
atoms.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-13
IN OUR
VALLEY

<AAkA 01 41AE I'M III
vile and the Valley Monday and
today centers AROUND the merging
OF the assets Of the First National
Bank In Brownsville with those CT
the Merchants National Bank.
General public Is pleased.
Glad to see the Valley have a
bank ranking first in resources In
South Texas. excepting the banks of
San Antonio and Houston.
AS pointed out by one Of our lead
eng Brownsville bankers Monday,
the combining OF the two institu-
tions Is in line with the trend OF
the times.
Which is to eliminate useless
overhead.
Wherever possible.
Along the same lines as is now
being advocated in county affairs.
Where We have a beautiful ex-
ample Of useless duplication in work
by the 81 taxing agencies in exist
ence In Cameron county.
Getting back to the bank CONSOLE
dation.
EVERYBODY is happy.
Heads of Brownsville's other two
banks Included.
So when we again offer con-
g~ratulations, we feel that they come
rot only from this column, but
from all Of Brownsville.
CAN'T YOU HEAR anything and
: everything these days7
Just when we thought all Of the
agitation over the removal Of Fort
Brown had subsidized, up it popped
again.
Monday afternoon brought forth
this morsel.
Tina: orders were to Be received
at the fort Tuesday morning.
For the removal OF practically the
entire garrison.
Officers to be shifted.
Enlisted personnel to be shifted.
The old historic fort to be left
with a corporal's guard.
1t was straight dope.
Only nobody seemed to KNOW
anything about 1t.
Least Of all the Fort Brown
authorities.
All Of whom had the idea that
there is nothing stirring.
And that Brownsville and the Val
ley win be enjoying the company Of
men and officers for years to come.
But still, 1t made a good rumor
for the paper to trace down.
On a busy day when banks were
being consolidated and all that sort
OF thing.
But then-it was Monday.
And anybody who ever saw a
newspaper office will tell you
That Monday, for some reason or
other, is always one Of those days.
Don't know why. it's just an cd
newspaper custom!
LEAGUE OF NATIONS would
seem to have an excellent chance to
strut its stuff.
And settle the dispute between
Japan and China.
Which was bound to come.
II one thing did not bring it on,
another was bound to.
Both countries are in q tight spot.
Little old Japan needs room to
grow.
And has growing pains.
China has the territory.
They r close together.
There's the picture.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-13
FIFTY BROWNSVILLE men meet

fifty Harrington men.
On the golf links.
hand will meet again.
EpOrtsmen all.
Wager that milk and brea1
ordinances were NOT among the
subjects Of conversation as the little
white pill was whacked around.
Also wager that a few more meet
, ings like these and there will be
no more talk in o. out OF the papers.
: About these high tariff ordinances.
Cant play golf with a man and
hate him.
Or dislike his town.
Good thing, these intercity golf
tournaments.
And these intercity service club
meetings.
And the like.
Let's have more OF them.
THERE IS A FARMER at Santa
Rosa
We 20 not know his name.
Bat we hope to identify him.
We do know that he is a farmer.
along.
Including tomatoes.
tables clear to Brownsville right
He is bringing homegrown vege-
Which Is some feat at this tine
Of year.
And other fresh garden delicacieS.
Making money. We know.
Putting something on the market
when the other fellow has nothing
TO sell.
And something the public wants.
More power TO him.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-13

For Brownsville and the Valley:
Partly cloudy to occasionally unset
tied. and continued warm Tuesday
night and Wednesday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
ID. C.. CLEARING HOUSE MANAGER
HAS BEEN WITH BANK A. YEARS
Charles E. Bright Started as
Metropolitan Messenger
on March a, 1886.
Has Been Assistant Cashier
Since 1917-Former A. !. B.
Official.

Charles E. Bright, who was recently
reelected manager of the Washington
Clearing House Association, is an assist
ant cashier of the National Metropolitan
Bank and holds a remarkable record for
length of service with that institution.
1t cannot be said that Mr.. Bright
changes jobs every time the wind shifts.
On March next, a date of unusual
significance to Washington for various
reasons, he will have been with the
bank continuously for As years.
It was on~March 4, 1886, that Mr..
Bright first walked into the Metropoh-
tan and was assigned his duties. In
those days practically all young men en-
tering the financial field started as bank
messengers. Mr.. Bright commenced his
career in the same way. He soon proved
his ability and by close application to
work graduated from the bank-runner
class, advanced steadily through many
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
CONTINUED USE OF COAL
FOR STEAM POWER SEEN
~ the Associated Press.

BY the Associated Press.
In report on the coal industry nj
the world the Department of Commerce
says this commodity will remain the
major source of steam and steam
electric power Notwithstanding the
progress which has been made in the
utlllzation OF water power, petroleum
ana other sources of energy.
ThiS prediction is based on the i'm
proVement in processes of combustion
and control, which has advanced more
rapidly In recent years than at any
other ttn1e. Progress in conservation of
the fueI by consuming industries is pre-
dicted.
illustrating the increased use of coal.
the report shows that from 1918 to 1928
world consumption of energy increased
26 per cent, while coal production adj
vanced only per cent. It is said that,
While coal will continue to be used for
heat and power, an increasing part of
its value will consist In its chemical
properties. 1.-THE idea will be to process
all Of the smoky Goals before convert
ing the residue into power of heat, -
says the report.
AS to expansion Of the industry in the
United States, the report states that
there should be cooperation in coal
exports under the Webb Pomerene ex-
port trade act, which would permit sta
bilization of export prices b. preventing
underselling, reduction OF overhead,
selling costs, ETC., standard contract
terms and sales practice, elimtpafion of
excessive credit terms and greater ia
cilities for accepting and handling large
orders.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
COTTON PRICES DROP
ON PROFIT SELLING
Reports of Beneficial Showers in
South Apparently Infu-
ence Traders.
By the Associated Press.

NEW YORK, February IA gen.
orally higher opening in cotton today
was followed by reactions under week
end realizing which appeared to be
combined with a little Southern and
local selling. The latter may have been
promoted by reports of beneficial rains
in the South. but offerings were alb
Sorbed within range of or IL points.
May sold of from 1923 to 1I.I2 and
closed at that figure, with the general
market closing steady at net declines of
3 to 8 points.
The opening was steady, points
higher to 2 points lower, with most of
the active months higher on covering
by near-month shorts and in response
to relatively steady Liverpool cables.
There was further trade buying, par
tlcularly in the near positions, which
was believed to be partly for Japanese
account and some covering, but the in
ltlal demand was soon supplied by week
end realizing and scattered selling. The
rains reported in the South were ex-
pected to improve soil conditions in Sec
tons which have been complaining of
Winter drought and probably increased
a disposition to take profits on long
cotton, while reactionary sentiment was
somewhat in evidence following recent
advances. March contracts, after sell
ing at 1923 at the start, reacted to
1887. while October sold of from II 70
to 1l.64, and the close was at the low
est of the day.
The report Of the Census Bureau.
showing domestic consumption of asa
l88 bales for January, compared with
406,2O7 for December and $751; for
January last year, was about in line
with expectations and without apparent
erect on the market.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
SPECIALTIES MAY BE
LEADERS IN MARKET
Hamilton Institute Says First
Line Stocks" Have Not Always
-. Led Advances.

Directing to current opinions that
the recent stock market rise cannot
be justified simply because leo by spe-
cialties instead of first-line stocks, the
Alexander Hamilton Institute points
out that the three last vigorous bull
movements have been led by specialties.
According to tables published in the
institutes current bulletin in 1915.
gains Of 100 to 200 per cent marked
specialties, whereas the largest gain
among old-line leaders was the so per
cent of the United States Steel. In
the postwar market the activity of
Chandler compared with the vigorous
movement of Auburn today. American
Wooden was a postwar leader, and per-
centage gains during the first half of
1919 in such issues as American Hide
& Leather, American International,
Associated Dry Goods and Fisher Body
eclipsed the moderate gains of the old
line leaders. The 1924 bull market
gained Roadway after the November
elections. But it was not the standard
issues which scored the greatest gains
during the ensuing six months. Cen
eral Motors showed an increase in
price of IS per cent. But Radio,
Mathieson Alkali, Hudson and Com
mercial Solvents all increased over 100
per cent in price.
The principle which governs the
order of market recovery, says the in
stitute, is not one of selection of stocks
by grade, but selection in accordance
with which ones have the best imme-
date prospects. In one cycle wooden
company may be the market leader, in
another motor manufacturer, in an
other a producer of building materials.
At this stage of the market 1t Is i'm
portant to give emphasis to the es-
sentialS and to forget the non-essentials
and the so-called character" of
market leadership is distinctly not one
of the essentials.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
FARMERS SHIP GRAIN
TO WESTERN BUYERS
Producers Feel Little Hope for
Materially Higher Prices
Before Next Harvest.
special pispatch to rhs STAR

KANSAS CITY, Mo-, February IA
Flows pulled by tractors are starting
early all through the plains section as
lar north as the Nebraska line prepar-
ing the soil for Spring crops. So mild
has been the Winter that tillage has
been possible since the holidays, with
little moisture and mostly clear skies.
What this will do to the wheat is vet
problematical, depending on what hap
pens throught the next month or SO in
low temperatures and high winds. The
Middle West is greatly short of nois-
ture, dry Winter following the drought
OF. last Summer. However, wheat is
green and except in some localities
seems in condition to make a crop. AS
a result, grain is moving to market more
freely than since September, as the
producers evidently feel there is little
nope OF materially higher prices.
One factor commencing to attract dis
cuSsion Is the possibility that much less
grain will remain in farmers hands
than generally is believed. A vast
amount Of wheat has been fed and in
localities feeders are securing their
ne1ghborhoods to purchase more, paving
above the market to obtain it in the
absence of plentiful corn supply. This
may in the end Of the season prove a
stimulus to stiffen prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
Tire Shipments Gain.

NEW YORK, February II (R.-Ship-
ments Of pneumatic castings during De-
cember increased 1876 per cent over
November and 3.8 per cent over De-
cember, 1929, to total OF 1851 200, the
Rubber Manufacturers Association re-
ports. Stocks on hand December 81
showed a decline of SO per cent TO
zoos, 438 from the November 80 figure.
They also showed decrease of 23.9 per
cent below the figure for December 81,
1929 Shipments for the year 1880 ex-
ceeded production by 5.3 per cent.
Crude rubber consumption by manufac-
turers in January was estimated by the
association at 28,557 long tons, an in
consumptioa.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
TECHNICAL RECESSION
IN STOCKS HELD LIKELY
Special Dispatch to The Star.

special DlSpatch TO Inc star.
NEW YORK, February lathe ir-
regularity of the stock market may be
turned within the next few days into a
period of churning or even heayiness,
with possibilities of technical reaction.
These developments are MT checks
against the longer term upswing, but
merely necessary props to consolidate
the recent rapid rise. Should the mar
ket again move ahead before reacting, 1t
would leave many stocks in a vul-
nerable position.
This does not mean that the short
interest has been eliminated, or even
very greatly reduced. With nearly 100
stocks loaning fiat, some short interest
was created during the recent advance.
Whether this new short interest, as
some suggest, represents amateur bears
or professionals remains to be shown
by market movements over the next
few weeks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
FAVORABLE CANADIAN
BUSINESS SIGNS SEEN
special pispatch to The Star.

Special Dispatch to The Star.
TORONTO, February 14.-About one
quarter of the important indiceS of
Canadian business for January are ia
vorable. Yet more hopeful feeling has
been established, with more confident
expectation of definite, if slow, re-
covery during the present year.
1t Is now understood that Canada has
suffered less than other countries during
the. past II months. Although depend
ing greatly on her export of raw ma
terials. which happened to be the first
commodities suffering severe price de-
preston, the Dominion nevertheless, &C.
cording to the Canadian Bank of Com
merce, conducted business in 1880 on
the level of 1927.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
Bill Rates Advanced.

NEW YORK, February II R).-In
anticipation Of larger supply of bank
ers' acceptances coming into the mar
ket. dealers in New York and Boston
today advanced their bill rates "a of
per cent from the all-time low that has
prevailed since the middle of last week.
The advance, which still leaves the
rates considerably below those prevail
ing at the turn of the year, was am
nounced by the American Acceptance
Council. The new rates are: Bills up
to 80 days, IL per cent bid. l % asked;
100 days, Is bid, IL asked; $50 and
$50 days, IA bid, rs asked.
Bill dealers said that the rise from a
level that was abnormally low was in
fiuenced by the expectation that the
seasonal demand for funds will bring an
increase Of offerings from banks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
10000 Ton Rail Order.

NEW YORK, February IA ON.-The
Illinois Steel Co. has received $4,000
ton rail order from the Grand Trunk
Railroad. Bethlehem Steel Corporation
has received an order for $500 tons of
rails from the Richmond, Fredericks-
burg & Potomac Railroad, and the
Nickel Plate Railroad has allotted a
81, 400-ton order among Bethlehem
Steel, Carnegie Steel. Inland Steel and
Illinois Steel Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
FIRMNESS IN WHEAT
is MARKET FEATURE
Dry Weather Reports Aid Prices.
Corn Depressed in Heavy
Selling.
BY the Associated Press.

CHICAGO, February 14.-Firmness
developed in wheat toward the last to-
day, whereas corn was relatively limp.
Speculative buying of wheat was bal
anced against selling of corn. Nebraska
sent dry weather complaints affecting
wheat, and reports from farther West
said the watershed of America was
bare of snow and the natural reservoirs
empty,> a situation unparalleled in go
years.
Wheat closed irregular, IA off to "a
up; corn at Il decline to "a advance,
oats showing Is setback to 1sal4 gain,
and. provisions unchanged to 5 cents
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
REGULAR DIVIDEND.

Directors of the Columbus Auto Parts
Co. have declared the regular quarterly
dividend of so cents per share on the
convertible cumulative preference stock,
payable March to stockholders of rec
ord at the close of business February 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15

Capital Traction Colo at So.
Union Trusts at 2ll, 20 at 210.
National Press Building 5l2s-$2, 900
at TO-
Financicr Compares PanicS.
John v. B. Thayer vice president of
the Central Hanover Bank 81 Trust Co.
of New York, is said to be the one New
York banker who has gone through
seven panics.
In commenting on this he says: 1.-THE
panic of 1907 lmpresses me as the worst,
although it seems as though the expert
ences of 1890 have been the most de-
pressing. Worldwide conditions have
been generally worse during the last
year than in any previous depression. /
feel, however, that the worst is over
and that before many more months the
tide will have turned"
Cleaned i'm Financial District.
The Farmers g. Mechanics branch of
the Riggs National Bank, which is loca-
ted at Wisconsin avenue and NJ street,
Georgetown, was lit years old yeSter-
day. This bank was organized February
IA, 1914, and was operated as an in
dependent bank until about three years
ago when 1t was consolidated with Riggs.
John H. Snyder president of the Dis
trict of Columbia Life Underwriters
Association, announces that luncheon
will be held Thursday noon at the Hay
Adams House. The guest speaker will
be A. E. M. Gray. assistant secretary of
the Prudential Life, at Newark, N. j.
Mr.. Gray has addressed underwriters
associations all over the country and is
a stirring speaker on life insurance. An
unusual attendance is expected.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
DIVIDEND DECLARED.

Directors of General Empire Corpora
ton have declared dividend of Is
cents a share, payable March l, 70
stockholders Of record February 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-02-15
'STOPPAGE TOSALE
| OF SILVER IS URGED
IN CURRENCY CRISIS
Rene Leon, Banker, Suggests
Remedies to Check De.
cline in Metal.
WOULD RESTORE RUPEE
T0ITS PRE- WAR PRICE
Advises Resumption Of Coinage by
France, With United States
Aid, if Needed.
BY JOHN r. SINCLAIR.

Special Dispatch to The Star.
NEW YORK, February 14.-Silver.
the circulating money of more than
half of the people of the world, is de-
moralized. The So-called silver nations
therefore are fighting for their eco.
nomic hfe-an of them, India, China.
Mexico, and several in South America
Thirty-flve years ago, William Jen-
ntngs Bryan, then 80, in his Campaign
Tor the presidency, whipped the couYl.
try into, a. white heat by demanding the
free and unlimited coinage of silver in
the ratio of IS ounces OF silver to 1
ounce Of gold, as against the then pre-
vatling rate of 80 ounces Of silver 10 l
OF gold, and almost succeeded.
A 2,OOO-Year Battle.
But while the battle lasted the wheels
Of the international business machine
slowed down-almost stopped. Bryan
lost, and gold; as q standard Of money
value; was given world recognition. But
what would he say now, to learn that
it takes 70 ounces Of silver to buy 1
ounce of gold?
Silver has fought gold for supremacy
for 1000 years. It has fought gallant
but hopeless struggle Only In the last
hundred years has it finally lost out.
During the Great War silver had q
new lease of life. 1t climbed into the
heights again, and In 1929 was worth
$1.38 an ounce. For a number of
years, prior to 1929, the price was kept
at approximately SO cents an ounce. It
fuctuated very little from that point.
AS a result, the foreign trade Of the
silver nations grew and developed.
Then something happened. A de-
cline set in. In 1928 silver was worth
only 81 cents an ounce; in 1929, 47
3034 cents; and today the price Ia ap-
proximately 2712 cents.
What is the result? The nations
which pay their imports in silver find
that the deprecated silver has enabled
them to buy less goods than ever before.
Foreign trade has dried up. Here's the
story. American exports to and imports
from silver-using countries decreased.
during the first IL months Of 1880, as
follows:
South America-Exports, 81 per cent;
imports, 80 per cent.
Mexico-Exp6rts, Is per. cent: I'M
ports, 80 per cent.
India-Exports, 10 per cent; imports.
80 per cent.
= China-Exports, ~ per cent: imports.
36 per cent.
No wonder Prof. Charles ]. Bullock
OF Harvard University characterized the
collapse of silver as "a world calamity"
Cause Of Decline.
What has caused silver to drop to its
lowest value in ali histoft?' It is not
overproduction. The world production
of silver for certain years IS given as
follows: