davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
$780, 100000 CUT IN RAILROAD
EARNINGS SHOWN IN Z MONTHS
Sharp Decline Follows in Wake of Plan to
Consolidate Large Carriers In
Eastern Territory.

considerable portion of this reaction
in earnings, In dividends and in market
prices to the failure of the consolida-
tlon plan, heralded as q sort of panacea
for Eastern railroad ills, to eventuate.
On the other hand, at O time when
railroad credit is under constant at
tack and when holders of railroad
bonds are acting as though they ex-
pected the transportation system of
the United States to cease to function,
IL strikes the layman as somewhat
queer that the so-called minor compli-
cations In the railroad merger cannot
be adjusted and whatever value there
may be, sentimentally or practically, in
railroad uniflcation, be secured as an
onset to all that is visibly unfavorable
and all that Wall Street and most of
the country imagine to be so.
Flight Of Capital.
The chairman of the Security Hold
ers' Committee, which is attempting
to obtain higher freight rates, likens
the flight Of capital from railroad Sc
curlties to the flight of capital from
Germany in July. Recent estimates
indicate that the depreciation in rail-
road stocks and in railroad bonds from
the levels Of 1929 amounts to nearly so
per cent of the total property value of
the carriers. With such appalling con-
ditlons facing them and alarm SO gen
eral and so intense on the part of
owners Of railroad securities, it seems
strange that a consolidation advertised
to do so much good to the carriers
IN the East and to have beneficial
reactions elsewhere should be DELAYED
because one road will not give track
age rights on small piece Of line to a
competitor.
So far as outward signs go, this is
the only cause for delay in the nego-
tiations. The feeling is becoming some
what general. however, that there is a
lukewarmness toward consolidation in
the East that interferes with the swift
progress OF a merger which was ex-
pected to have been submitted in its
final form to the Interstate Commerce
Commission months before that body
became involved in the application by
all of the carriers of the country for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03

(Redeemed in part)
No. X-26-si 900 thereof represented by cou-
pom bond No MISC.
No. X-37-Sl 900 thereof represented by cou-
pom bond No. M-96l
The bonds are to be redeemed with
sinking funds already IN the company's
possession by the trustee which Is the
City Bank Farmers Trust Co., New
York, holders being asked TO surrender
the bonds by October !.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
AUGUST FINANCING
SMALLEST SINCE 1926
State and Municipal Issues Totaled
SIS, ,ss5-Eight
Months Up.
special Dispatch to The Star.

special Dispatch 10 Inc Star.
NEW YORK, N. Y. September g.
State and municipal financing during
August totaled $75,l00,885. the small
est August total for any year since
1926, according to The Daily Bond
Buyer of New York The total for the
eight months ending August 81, how
ever, $l,016, 520,945, is the largest fig
ure recorded for the first eight months
Of any year since 1924. During the
first eight months of that year total
bond sales amounted to Sl.064 ,208 ,220
The nearest comparable figure, S1,0l3,-
728,78o. was recorded during the same
period in 1927.
Financing by the city Of Detroit,
Mich. on August 10 accounts for
$50 900 900 OF the August total. The
majority of the remainder of the Au-
gust financing was distributed in a
number of comparatively small flota-
tions A number Of large pieces of
financing originally scheduled for
earlier in the year are now definitely
listed for September. which indicates
rather substantial total in view for
the month of September.
The following table, prepared by
The Daily Bond Buyer of New York,
compares municipal bond sale totals
in August for the past 10 years:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
BY CHARLES r. sPEARE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 3.-Over
eight months ago the heads Of the
Pennsylvania, New York Central, Bal
timore & Ohio and Nickel Plate Chesa-
peake g. Ohio Railroad systems came
to q general agreement on a plan OF
consolidation in official classification
territory which was to divide this re-
gion into four independent roads
President Hoover made the announce
ment concerning the agreement, and IN
his statement at that time said that
the consolidation might be regarded las
q contribution to the recovery OF puSl-
ness by enlarging opportunity for en-
ployment and by increasing the imam.
ciai stability of all the railroads. and
particularly some of the weaker ROADS.
Reduction In Earnings.
That was on December 80, 1880. On
September 2, 1881, we have this situa-
ton:
For seven months to July 81 this
year, these being the latest hgures
available. the gross earnings OF the 1onr
major systems that were to be consoll-
dated, along with those of properties
that were allocated to them. show a
reduction of nearly $25o,000, 900. AT
the same time net earnings have de-
clined SIS, 100000
The dividend of the New York Cen
trail has been reduced from So share
to Sc a share, that of the Baltimore 81
Ohio from 81 to SIS a share, of the
Pennsylvania Railroad from 8 per cent
to 6 per cent, that Of the Lackawanna
to 4 per cent, while payments on the
common and preferred stocks of the
Nickel Plate have been omitted, as well
as those on Pere Marquette common,
Erie second preferred and Lehigh
Valley.
A day or two after the Washington
announcement was made concerning
the proposed consolidation, Pennsylva-
MIA stock sold at STA. Today it was
around 80. New York Central was then
liz. compared with the present price
of about II. Baltimore g. Ohio in the
eight month period has dropped from
above II to this weeks low price be-
low 40, while the market value of Nickel
Plate shares has declined from so per
cent to rs per cent.
1t would be unfair to attribute any
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
PULLMAN co.

CHICAGO, September 3 R-The
Pullman Co.. carrier subsidiary of Pull
man Inc, reported gross earnings of
$5.4l2552 in July. compared with So
4S5,O70 in July, 1880, while net earn
1ngs. after taxes, were s589,673, against
$502,074 a year ago.
For the first seven months of 1891
gross earnings were $37 ,994. 666 and net
81 Az, 232. respectively, compared with
$45. 89l ,234 and $3,133,1l3 in the same
period Of 1880.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
URUGUAYAN PURCHASES
FROM u. S. ARE LARGE
Special Gable &c The Star.


MONTEVIDEO, Uruguay. September
3.-Uruguay imported more merchan-
disc from the United States than from
any other country during the first six
months of this year. its purchases to-
falling 9,449. 1856 gold pesos, according to
a report of the Bureau Of Statistics.
At par the gold peso is worth $lo35,
but during the period covered by the
report it fiuctuated between 10 and AZ
cents.
During the same period Uruguay ex-
ported to the United States products
valued at $1.7O6. 1898 pesos.
In the corresponding period last year
imports from the United States were
valued at 12071 700 pesos and exports
to the United States at 5,6l8,S65 pesos
Total exports for the six months
were 44,s37.883 pesos and imports A.
Gil 1892 pesos.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
CLEARING OF RAILROAD
SITUATION is DUE SOON

BY the Associated Press
The next two months should render
the railroad situation less obscure.
Stock dividend uncertainties over the
coming weeks and the dividend meet
ings include the Atchson on october
6. Baltimore and Ohio on September
49, Canadian Pacific November 9, Del
aware g. Hudson October %, Illinois
Central October 81, Kansas City South
ern September Is, New York Central
Septemt I Q, Norfolk e. Western Octc-
Der 81. Arthern Pacific September %,
Pennsyl Ma october 49, Southern
Railway referred September 10 and
Union Pacific November u.
The rail list is still selling at high
levels in relation to earning power, the
better known issues being generally
considerably il. excess of 10 times their
indicated earning power.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
POWER FIRM PLANS
!. TO REDEEM BONDS
Pepco Will Retire $35, 900 Of
s Per Cent Issue on
First of Month.
BY EDWARD C. STONE.

' ID Ed VIhNND % NAOANE'
The Potomac Electric Power Co. has
announced plans for redeeming on
October i, 1881, $4,000 worth Of 6 per
cent general and refunding mortgage
gold bonds, series B. due in 1853. The
redemption price will be 10712 and the
bonds selected bear the following serial
numbers, respectively:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03

IS per cent increase in freight rates.
In other words, some of the parties to
the agreement are more content to
maintain the status quo than to involve
themselves in the additions and sub
fractions from their systems recon-
mended in the original conferences last
December.
Copyright, 1917
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03
PARIS BoURsE PRICES.

PARIS. September (Pl-Three per
cent rentes, SO francs As centimes; S
per cent loan. 1o4 francs IS centimes
Exchange on London, 1913 francs 95
centimes. The dollar was quoted at 25
francs 49a4 centimes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03

Warm Cuba bought nearly 10000
pounds Of American blankets last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-09-03

Continued on Page 14.)
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08

people, who a few years ago were
considered well to do, can not pay
their taxes and so we are going to
get support for the income tax, now,
from people who would never lis
ten before. 1 have the impression
that you are sincere and want to do
the right thing"
Senator Henry Spindler of Buffalo,
writes: "You WELD a good pen, Peter
sen. You get out fine paper, and
you are on the right side of ques-
tions. l enjoy reading your articles"
Gunnar B. Bjornson, member of the
Minnesota Tax Commission, comments
thus: Have read your article on the
income tax and also your editorials.
Good work, Hjalmar. A distinguished
Minnesota statesman used to say when
approving of some act of friend:
But then l didn't expect anything
less of you.'
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
VENISON POSSESSION
TRIAL is UP TODAY

The trial Of Edward Kolb and FL
win Thayer of Ogema township,
charged with having venison in pos
session in closed season is up be-
fore Justice Chas. F. Stephan in
Pine City this afternoon, Oct. 8th.
County Attorney M. B. Hurley is pros
ecuting the case.
Both men were arrested on Sept.
30th when a search of their places
was made by Game Warden Sheridan
Greig and Sheriff Hannes Rypkema.
If convicted the fine is between SIS
and 500 and costs to each. On top
of this more serious charge may
await Mr.. Kolb for the reason that
he is a deputy game warden, being
appointed to that position while liv-
ing in Minneapolis. He came to Pine
county with his wife and children in
September and is renting farm in
Ogema township. Mr.. Thayer has
been a resident farmer in Ogema
township for many years. :
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
PROCEEDINGS OF
ASKOV COUNCIL

The council of the village of Askov,
met in the said village on October l.,
1881, with all members present.
Minutes of the previous meeting
were read and approved as read. Mo-
ton made and carried to appoint DR..
Arends as health officer for the bal
ance of the year at the salary rate
of $25 per year.
Motion made and carried to reduce
Is street lights from 100 candlepower
to 40 candlepower, leaving lights at
D. B. S. hall, school house, Askov
Variety, and town hall 100 candle
power.
Motion made and carried to reduce
tax levy for year 1892 to $1,000, the
taxable valuation for the village dur
ing the year 1880 was $1O7,903.
The following bills were approved
and ordered paid:
U. Strandskov, janitor service----$3.00
Partridge Township, one-half hall
insurance 8.G1
A bill from Johnson & Olesen Elec-
trio Co., was laid on the table for
further information.
There being no further business,
council adjourned.
A. HENRIKSEN,
President of Council.
A. G. DANIELSON, Clerk.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08

Those who know good thing when
they, see it are the ones that use the
American Want Ads.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
ARTICLE ON INCOME
TAX STIRS COMMENT
Ottertail County Scion Writes That
Sentiment is Strong for it in
His Section of the State.

Representative T. H. Johnson of
Fergus Falls, one of the sponsors of
the state income tax bill in the last
session of the Minnesota legislature,
writes on Oct. expressing apprecia-
tion of the article on income taxes
by Hjalmar Petersen which appeared
in the last issue of the Askov Ameri-
can. Mr.. johnson says he knows the
amendment will carry in
Ottertail county when the time comes.
Since his return from the legislature,
he writes, Il have spoken in more
than twenty townships, and find near
ly everybody in favor of it. Any fair
minded man or woman must know
that there is something radically
wrong with our present tax system.
The burden is resting too heavily on
the farmer, laborer, and small bust
ness man, and we must and will
change the system, so as to put the
tax burden where it belongs, namely
on those who have large incomes and
little or no real estate and personal
property taxes. I will not rest until
l have somehow helped to make con-
ditions little better for those who
are suffering from carrying the
heavy burden at the present time"
H. M. Johnshoy, Starbuck, Mimi,
recently connected with the State De-
partment of Rural Credit as secre-
tary, and member of the Minnesota
legislature some years ago, wrote
Oct. 4 as follows: 81 read with much
interest your article on the income
tax. 1t seems that we cannot correct
conditions before they get just un-
bearable. This fall any number OF
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08

Soren G. Andersen will have pub
lie sale of his personal property in
the village Friday forenoon, Oct. Is.
See his advertisement elsewhere in
this issue. After the sale Mr.. Ander-
sen will go to the Old Peoples Home
in Des Moines, Iowa.
A special meeting of the Young
Peoples Society was held in the base
ment of the church Tuesday evening
for the purpose of reconsidering the
wrecking of the assembly hall. The
unfavorable weather was likely re-
sponsible for the very small attend
ance, there being only fourteen men,
bers present. A previously appointed
committee had ascertained the actual
cost of repairing the structure and
their report, which was complete in
every detail, showed that the building
could be put back in good and sound
condition for less than $500 if part
of the labor was donated. Several of
those who expressed themselves stated
that the original decision to wreck
the structure was taken on the spur
of the moment and without due con-
sideration of the consequences, and
they had later changed their minds
and were in favor of repairing it.
1t was thought, however, that the at
tendance was too small to take any
definite action on the matter. 1t was
finally agreed to call another special
meeting for Tuesday evening, Oct. ID,
at which time a definite decision
should be taken. At this special meet
ing, Oct. 10, the society is DESTROYS of
having everyone in the community
come in and express their opinions, as
the matter is more or less a commun-
ity project. Thus anyone interested
in this matter should remember to
come to the church basement Tues
day evening, Oct. 10.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
SPECIAL GOSPEL MEET
AT NORTH STAR HALL

The Gospel Team of the Pente-
costal assembly of Duluth, will hold
a series of special meetings at the
North Star hall, three miles north of
Askov. The meetings will be held
Friday and Saturday evenings, Oct.
9 and 10, at 8 O'clock, and Sunday,
Oct. II, at 1890 a. m.
Miss Ruth Dalborg, a singer who
often entertains over station WEBC
will be present for some special num-
bers and part of the church orchestra
will be there for the Saturday and
Sunday services.
Every one is invited to these meet
ings to enjoy the music, and hear the
gospel message by George Nelson of
the Gospel team.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
Not Even a Puff.

"Man, if All didn't have no mo-
brain dan what yo' got, Aid"
"Hesh up, boy. If yo' brains was
dynamite, and dey doubled every Sec
ond TO- hundred yeahs and den
sploded, dey wouldn't blow yo' hat off
on windy day."
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08

"That new bell in the steeple
should attract more attention to the
church," said one deacon to another
in a neighboring town. mot as much
as the new belle in the choir" the
other replied.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
Solved.

Mother: No, Johnny, you can't have
the hammer to play with. You will
hurt your fingers.
Johnny: No, won't. Joan is going
to hold the nails.-Annapolis Log.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08

Suave Auto Salesman: 1t runs so
smoothly you can't feel it, so quietly
you can't hear it, has a perfect igni-
tion and you can't smell it, and for
speed--yOu can't see it.
Englfshman: My word! How do you
know the: bally thing is there?
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08
KERRICK FAIR SHOWS
A SLIGHT PROFIT

The Kerrick fair this year was a
successful one inasmuch as a net
gain of $27.1S was made in spite of
abnormal conditions and in spite of
additional expenses. Advertising for
the previous year had amounted to
only $17 in contrast to this years total
of 1851; a new paddle wheel took
another $12 and a lumber. bill of
$45.53 cut into the earnings consider
ably. Total receipts for the day
strongly indicated the depression and
in all the committee and community
can we'll be satisfied that the 1881
Kerrick Community fair did not show
a deficit. The financial statement of
the fair appears in the Kerrick col
umn.
Thoso who know a oOod thing whom
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-10-08

Willie: Hello. Why are you stand
ing in front of the office you got fired
from last week?
Jimmie: Not much. l just wanted
to see if they were still in business.
The Washington times., 1931-03-14
SECOND PLACE
TOCOLUMBUS

Colmbus> University finish d
runner-up to Benjamin Franklin
University in the Washington
Collegiate Conference basketball
championship by virtue of a 80
81 victory over Strayer Business
College. Southeastern University
defeated Bliss Electrical School,
36-31, in an exhibition contest,
both schools having ended their
league play. Summaries of the
two games follow:
The Washington times., 1931-03-14
Large CrOWd Watch
Cue Veterans PLGy

A large crowd watched Charles
Levy, 65-year-old cue star, take the
first block of a three-block bill
lard match from w. w. Silver,
Arcadia veteran manager and
billiard ace, 100 to go. The match
was nip and tuck all the way.
Levy's high run was II, while
Silver had a 10-point string.
The Washington times., 1931-03-14
LOW PIN SCORES
MARK A, B. {.

BUFFALO, March 14.-Low
scores featured the American Bowl
ing Congress as playNwas to be re-
sumed today. D. Graft and Sons,
Kalamazoo, Mich, winner of last
years five-man events with a
score of 3,100, disappointed large
gallery last night when they rolled
the low score of 1858.
Twenty-nine other teams from
the East and midwest did no bet,
ter than the champions, failing to
break into the big ten list, which
is now made up mostly of booster
teams rolling less than 2,700.
The entire Friday night play
was led by the Lemmer PhilcOs,
Kalamazoo, who rolled 1851.
Pete Miller, a veteran once rec
OgniZed as a star match bowler,
tOppled 578 pins in three games
in frames of 199,194 and 189.
Only one member of the five,
Art Green, rolled 200.
This evening will be observed as
Presidents Night" in honor of
H. William Pollach, of Buffalo,
head of the American Bowling
Congress. Fifty-nine out-of-town
teams will compete in single, dou-
bles and five-man events today,
with another big program sched,
uled for Sunday.
The Washington times., 1931-03-14
Ahepa Greek Pin
League
RECORDS

RECORDS
Five high averages-Gus Poulos,
1928; Pericles Pappas, 1896: Louis
Chipouras, 107-43; Gus Chaconas.
l07-59; Charles Lampfris. 1O6-68
High individual games-Pe ricIes
Pappas, 1854; Pete Granaris, 1852: George
Mantzouris. 161. High individual sets
Gus ChaConas, 403; Pericles Pappas.
391; George Mantzouris, 391. High team
games-Hermes 614; Socrates 573
High team sets-Hermes 1893; Her
ChipOuras, 1853; Gus Tompros, 1873. High
strikes-George Dracopoulos. As.
The Washington times., 1931-03-14
QUINT BOOKING

Griffith Consumers cagers are
after games with unlimited teams
for. Saturday and Sunday. Call
Bob Lyles, Atlantic 4267-W, be-
tween p: m. and 6 p. m.
The Washington times., 1931-03-14
INDIVIDUAL AVERAGES
PRICED POSSESSION

Percy LeSueur, former profes-
sional hockey player, still cher
ishes a stick that served him
faithfully during nine hard
seasons of goaltending.
The Washington times., 1931-03-14
QUINN AND FABER HEAD
LIST Of VETERANS
Bv BABE RUTH

ST PETERSBURG. Fla, March Ave had little dis
cuson bench the Yankee training camp few days
ago which brought up interesting point Somebody made
the that probably than dozen
players left in leagues who 35 older Some
thought the number of veterans of this class was greater
nth Of nnlv
The Washington times., 1931-03-14
Electrical Bowling
League
SEASONS RECORDS

SEASONS RECORDS
High team game-Potomac Power,
595. High team set--Central Armature
No l. 1867. High individual game
]. Loveless, 159. High individual set
Mayo, 394 High strikes-Moyer. High
spares-J. Wolstenholme. High in
dividual average. Wolstenholme.
High weekly game-Moyer.
The Washington times., 1931-03-14
COLUMBUS
Totals ...12
OUTHEAST
TENNIS FAMILY

Karel Kozeluh, Czechoslovakian
tennis professional, is one OF
seven brothers and a sister all
devoted to the game.
The Washington times., 1931-03-14
CROFT IS STAR
Of PIN WIN

Mt. Pleasant dealt severe blow
to Eastern's pennant aspirations
in the Odd Fellows Bowling
League when they handed them a.
three-time drubbing to assume the
lead by a game and a half. Chal-
mers Croft flashed some of his
old-time form to lead the on
slaught with a 155 game and 3S8
set.
Croft continued his excellent
pinning in a special match game
with Columbia, garnering a 361
set. FerguSOn's 14O game and
344 set abetted GrOff's league
shooting no little.
Deglantz's 334 set gave Amity
No. 2 a chance to smear Harmony
by two-one margin. Giovanni
saved the last for Harmony with a
143 game. Langdon took two hair
line decisions from Fred D. Stuart.
Standings:
The Washington times., 1931-03-14
NO TIME TO REST

It is estimated that the average
basketball player covers approx
mately two and a third miles dur
ing a 40-minute game.
The Washington times., 1931-03-14
Western Electric
Pin League

Records
High team games-General Assembly,
551; General Office, 544; Preanalyza-
ton, 53S. High team sets-Preanalyza-
ton. 1851; General Office, 1885. High
individual game-Miller. 161; J. B.
Smith. 157 High individual set-Mil-
Ter. 392; ]. B. Smith. S7S; Michel, 374.
Big five-Smith, 1853; Lauxman, 11O-6;
Cunningham, 1852; Hogarth, 1898;
Miller. 1915. High strikes-Hogarth,
20; Hesson, IS; Clements, 81. High
spares-Hogarth, 9S; Duryee, 81; Self,
IS.
The Washington times., 1931-03-14
Babe Ruth Finds Thirty Players in Major Leagues IS Years O
Sharkey Now Says No Coin
In Loughran Match

NEW YORK, March 14-Dapper Tommy Loughran was
again the old in winning easy 10round decision
Ernie Schaaf at Madison Square Garden last night but his
promised bout with Jack Sharkey appeared