davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-02-27
BORDEN REPORT
SHOWS GAINS
IN PROFITS
Year of DefIation on Farms
Proves Prosperous to Big
Firm Dealing in Products

The Borden Company's annual
report, at hand here today, shows
gross sales in 1880 totaled $345,,
422,779 as compared with $685..
466,989 in 1929, while gross in
come after deducting all operating
charges, provision for depreciation
in the amount of $9,929 ,481, insur.
ance and property taxes, was $24,-
118,768.91, against $22,936,694.
After all other deductions, in
Guiding estimated income taxes,
there remains a net income of
$21, $751; ,21S.55, comparing with
$2O,40S,725 in the preceding
year. This equalIed $5.12 per
share on 4,233,S95 shares, against
$3.50 per share on 3,7O6,724
shares in 1929.
$4,OOO,O0O More Dividends
Cash and stock dividends paid
by the company last year totaled
$14, ,859, 1880, compared with $10,-
7,636.75 in 1929.
Net working capital increased
from $35, ,265, ,102.48 to $42, ,231 $780,
98. Current assets as of December
81, 1880, amounted to $2.82 for
each 81 of current liabilities, as
compared with 1922 for each 81
of current liabilities in 1929.
The general inventory position
at the beginning of the current
year is better than at the cores
ponding period a year ago. In
ventories on hand, December 81,
1880, we're $25, 1858, 1854, as com
pared to $26, 6,442, ,624.03 on hand at
the close of the previous year.
These 1880 figures, while com.
pretending for the first time the
inventories of 1880 acquisitions,
are for the most part, and as ef-
fecting major items, of smaller
physical volume than at the close
of 1929. All inventories were
valued at the lower of cost or
market.
Collections last year, under
prevailing conditions, were re-
ported satisfactory.
REMARKABLE SHOWING
Organization of Canadian
holding company (Borden's, Ltd
for the capital stocks of all Cana
dian operating companies was eff,
fected as a part of the develop,
mHnt DrOpraYn 0f the BORDEN
Company.
The showing, for a concern
dealing exclusively in the products
of drought-stricken and otherwise
Debated farmers, would appear to
be eminently satisfactory to
Borden stockholders and execu'
tiveS.
The Washington times., 1931-02-27
Profit Gain ShOUn
By Utility Concern

In the year ended December
81. profits Of American States
Public Service Company, avail
able for interest reserves and
Federal taxes, amounted to $780,
377, a gain of 634 per cent over
profits of $885,280 on the same
basis in the preceding year.
Gross revenue for the period
amounted to $1,769,86 against
$1,719,975 in the preceding year.
Operating expenses for 1880
amounted to 1929, 492 compared
with $S34,695, a decrease of
$5,203.
The Washington times., 1931-02-27
PRICES ON CURB
ARE MIXED

NEW YORK, Feb. 81 GN.SO.
Curb stocks fluctuated about in
bewildering fashion today, with
alternate waves of buying and
selling leaving the market as a
whole but slightly removed from
previous closing levels.
Professionals were earnestly en-
deavoring to find the line of least
resistance, regardless of whether
1t was to be up or down, but the
abundance Of supporting bids on
the downSide, and the plentiful
supply Of stock awaiting slightly
higher levels, prevented the run
OF trading leaders from breaking
out Of their narrow price range.
Conflicting opinions were in
evidence because of yesterdays
heavy turnover, the largest of
the year, and surpassed the l.
100000 share total for the first
time in months, interests bear
iShly inclined, pointed to this as
. the probable climax of the Jan
uary-February advance, while
bulliSh quarters regarded it as
another indication of a growing
public interest, the momentum of
which could readily carry prices
substantially higher.
Utilities were extremely irregu-
lar, with slight preponderance
OF declines in evidence. Among
the recent favorites to turn re.
dictionary were American Gas
and Electric, off l a. "a; Amer
lean and Foreign Power War
rants, off IA at 27A.
The Washington times., 1931-02-27
SENATE HIT s
. j. s. FOREIGN
LOAN CONTROL
Glass Resolution Demanding
State Department End Prac-
tiCe Is Quietly Put Through
By GEORGE r. HOLMES


A new conflict between the
legislative and executive branches
Of the Government arose today
with the adoption by the Senate
of the Glass resolution, calling
upon the State Department to
"desist from the dangerous prac-
tice" Of passing upon the floata-
ton of foreign loans in this
country.
The resolution slipped through
the Senate late last night with
only handful of Senators
present. It was sponsored by
Senator Carter Glass CD of
Virginia, former Secretary Of
the Treasury, and longtime foe
of the State Department practice
The resolution provided:
Practice Called Illegal
"That it Is the sense of the
Senate that the Department of
State, having no legaI sanction
with respect to Investment
securities offered in the money
markets Of the United States
by foreign governments, cOrpO-
ratiOnS or individuals, should
desiSt from the dangerous prac-
tiCe of involving the UI.ited
States Government in any re-
snOnSibility Of whatever ma
ture, either by approval or dis
approval, for foreign investment
loans flOated in this country.
"And should refrain from as
suming authority over the Fed.
eral Reserve Board and Banks
or officials thereof with respect
to matters which, by express
authority of law. are coniided
to them and not to the Depart
ment Of State"
The adoption of the resolution
Is the elimination Of \ I0-year
fight against the practice IF the
department in passing Oh these
loans.
Initiated by Hughes
Officially, the State Depart
ment has always denied that it
did pass upon them, but in prac-
t1ce it insists that American
bankers shall consult the depart
ment before undertaking any
foreign financing in order " to
ascertain whether the Govern
ment has ANY objections" to
particular piece of financing.
The practice was inaugurated
by then Secretary Of State, now
Chief Justice Charles E. Hughes,
during the hectic postwar period
when the whole world was knock
ing on the door of the American
money market.
The Washington times., 1931-02-27
Canadian Pacific .sr
Seeks Maine Road

The Canadian Pacific railroad
has asked the Interstate Com.
merce Commission for permission
to acquire control Of ArooStook
Valley Railroad Company by pur-
chase of 1000 shares out of the
2,970 shares of the roads out
standing common stock from
Arthur r. Gould, of Fresque
Isle, Me-, on the basis of $264.S7
per share. -
Aroostook Valley line operates
80 miles of road in northern
Maine. "
The Washington times., 1931-02-27
FEW DIRECTORS
HELD KEEN ON
BANK JOBS
Conference Closing Here So
Told by F. G. Await, Deputy
Comptroller of Currency

F. @. Await, deputy comptrol'
Ter of the currency, addressing
the Central States Bank Manage
ment Conference at its closing
session here today said: e.
"The experience Of the,
COmptrOller's office has shown
cOnclusively that many bank
directors ignore their duties
even when called to their At:
tentiOn."
Urges Stronger Laws
Mr.. Await outlined the obliga-
tions, legal and moral, assumed
by bank officials and urged the
necessity further strengthening
the laws. ;4~
Approximately 1000 bankers
have attended each Of the four
sessions of the conference, held
under the auspices of the Ameri-
can Bankers Association. The
discussions were almost wholly Of
a technical nature, and while the
program was arranged with the
needs of the country banks" in
mind the executives from metro
politan areas profited equally,
those attending claim. =
Await Chapter Dinner
Robert v. Fleming, president Of
the Riggs National Bank, pre-
sided over the meetings. He Ii
chairman of the general COM
mittee. A large number of the
visiting bankers plan to remain
in Washington over the weekend
and many will attend the annual
banquet of the Washington Chap
ter of the American Institute Of
Banking at the Willard Hotel to-
morrow night. F..
Many of these will be guests
of the senior bankers of the Dis
trict. I. j. Roberts, chairman
Of the general committee in
charge Of the banquet, entertain
ment and dance, stated that the
chapter will be host to approx
mately 800 members and their
guests. IN.
The Washington times., 1931-02-27
20 Holidays in March
Are Celebrated
Somewhere

According to a compilation
just made public by the Guar
anty Trust Company, of New
York, 20 days in March are
bank and public holidays some
where or where's in the world.
March 19 seems the most
popular, with Argentina, Canary
Islands, Colombia. Costa Rica,
Fernando Pc, Guatemala, italy,
Lichtenstein, Madeira, Malta,
Mexico, Spain, Switzerland, Tri.
noh. Ven ozuela. Jugoslevis, Bra
zil and Peru celebrating for one
reason and another.
March 25 ranks next, with 10
foreign states and Maryland.
U. S. A., en- fete.
The Washington times., 1931-02-27
Financial Market NeuOs Stocks Bonds Commodities and
KeLUinator Heads Expect
Big Business in d. &.

of a tour of the country which
began last october. Mr.. Mason
said:
"The one feature which i'm
pressed us most fOrcibly on our
tour of visits to our representa-
tives in every part of the
United States Is that there Is
a vastly improved outlook being
displayed.
I'VE feel assured that buSi-
ness for our company will ex-
ceed that of last year. And
last year we enjoyed q 31-per-
cent increase over 1929.
"Our advertising campaign,
in which incidentally we shall
make even more use Of news
papers, is to be enlarged and
will be more energetic than
ever. We will also put more
men in the field.
Washington prospects for
1881 appear to be exceptionally
good. Barber and Ross, our
KelvinatOr representatives, in
form us that projected building
for the District this year is q
marked gain over 1880. We
also manufacture the Leonard
refrigeratOrs both the electric
and the waterloo types. These
are handled locally by s. Kann
and Son Department store and
Mayer and Son Furniture
store"
Mr.. Burritt said he is thorough
y enjoying his visit to the local
distributing organization whose
personnel Is well known to him
and talked optimistically about
his company affairs.
The Washington times., 1931-02-27
PLAN NEW WORLD BANK

PARIS, Feb. 27 QN.S0 Bank
ers in conjunction with govern
ment officials are planning an
other international financial in
stitution. which would be the
fourth of its kind. The new
bank would be a supplementary
unit to the Bank for InternA-
tional Settlements at BaSle.
The Washington times., 1931-02-27
Wheat Falls on u. s.
FOreiQn Sale Plan

CHICAGO, Feb. 27.-Anaounce-
ment of Sterilization Corporation
it would try to sell not to exceed
35,0O0,O0 bushels Of wheat abroad
was generally regarded by the
trade as bearish and Jed yester-
day to increased selling of wheat
futures and lower prices late in
the day.
The Washington times., 1931-02-27

Business conditions nationally
will be better in 1881 than they
were last year, according to G..
w. Mason, president, and H. w.
The Washington times., 1931-02-27
Canada

New York funds in Montreal tO.15&
premium on 81, 900
Montreal funds in New York, t016S
discount on $1,000.
s1-32,
Evening star., 1931-12-28
BLIND TO BE GUESTS
AT HOLIDAY CELEBRATION

Arrangements have been completed by
the Columbia Polytechnic Institute for
the Blind for belated Christmas party,
to be given tonight at o'clock in the
east room of the Hamilton Hotel for
members of the institute and number
of invited guests.
More than 80 persons are expected
to attend, half of whom will be repre-
sentativeS of the District of Columbia
Association of Workers for the Blind
and members of the Junior League,
Washington Council of Jewish Women
and Washington Sisterhood Of Jewish
Women interested in the work for the
blind.
Although the blind guests will be un-
able to see the brightly decorated tree,
they will be recipients of small gifts
and render a program of Christmas
music. Refreshments will also be served.
Ralph II. Campbell, secretary Of the
institute, which is an agency of the
Community Chest, is in charge Of ar
ranRementS.
Evening star., 1931-12-28
10 ARRESTS MADE
IN 4 NEARBY RAIDS
IS Are Seized by Officers
SWooping Down Upon Mount
Rainier House.
ersuiro their activities after a

Renewing their activities after a
Christmas lull. Prince Georges County
police arrested 19 persons in four raids
in the suburban area. Another man
was arrested after officers shot the
tires off two alleged liquor laden cars
near Marlboro.
Fifteen persons were arrested when
the officers swooped down on a house
In Mount Rainier, Md. Bruno
Quattrone, alleged proprietor, was
charged with operating a disorderly
house, permitting gaming and posses
sion Of liquor. He was released under
$500 bond.
The others taken in the raid were
required to post collateral before Jus
tice of Peace Robert e. Joyce on
charges of dtsorderly conduct.
Three Lead Raid.
The raid was staged by County Po-
licemen Claude Reese, William E. Cllf-
ton and Sergt. H. G. Machen, assisted
by Mount Rainier town officers.
Charles Souderlick Of Bladensburg
was charged with possession, following
another raid by the same county Off
GERS. william Lucas, colored, was
booked for possession and assault on
another colored man after being ar
rected at his home on Riggs road by
Policemen Reese and Ralph Brown.
Two other colored men were arrested
on liquor charges in fourth raid near
Takoma Park
Fred Taggert of Washington was
charged with transportation and pos
session of 10 cases Of liquor and two
other men escaped after Marlboro
constable had shot the tires of two
machines in a smoke screen chase along
the Grain Highway.
Smoke Screen Used.
The two cars were together when the
officers attempted to stop them. One
car, occupied by two colored men,
smoked the officers, who succeeded in
shooting off the rear tires. This car
then got in front of Taggert'S machine
and started smoking both cars. Po-
lice then shot the tires off Taggert's
car.
The colored mems machine was later
found abandoned by the roadside. 1t
YkG said to have carried 16 boxes.
Evening star., 1931-12-28
Capital Car Burns
Following Plunge
Into Patuxent River
Garage Man Returns 10
Scene of Mysterious Dive
and Finds Auto Afre.
e+or Correenordent OF The Star

Bya STAFF Correspondent Of The Star.
UPPER MARLBORO, Nd, Decem-
Der 28.-State and county police we're
today investigating the mysterious
burning of an automobile which had
plunged head first into the Western
Branch Of the Patuxent River on the
Garlboro-Largo road.
The car apparently failed to nego-
tiate a sharp turn and was found last
midnight by Sergt. A. w Hepburn
with its tonneau projecting into the
air. No blood or evidence OF injury
to the occupants could be found by
the sergeant or State Patrolman A. F.
Norris.
Jerry Cosby, Forestville garsgeman,
was called and after studying the posi-
ton Of the machine went back to get
the proper equipment to extricate the
car. Returning about an hour later
he found the machine in flames.
The car bore District tags listed to
q man in the 100 block Of Fairmont
street.
Evening star., 1931-12-28
FIVE MEN JAILED
IN THREE SLAYINGS
Suspects Are Arrested in
Sterling, New Hope and
ZihIman, Nd. Cases.
Special Dispatch to The Star.

Special Dispatch to The star.
STERLING, Va, December %. -
After investigating for several days clues
10 the murder of Alfred Beavers, 40,
whose body was found Friday evening
In an abandoned we'll near Sterling,
Commemorative Attorney John Gale
her and Sheriff E. S. Adrian yester-
day afternoon arrested Aubrey Fox,
about 20 years of age, and brought him
to the LeeSburg Jail, where he will be
questioned tomorrow in connection with
the murder.
Fox was arrested at his home about
o mile south Of Sterling According
10 Sheriff Adrian, Investigations showed
that Fox left with Beavers wife six
weeks ago, going with her to Western
port. Md, to visit her brother. He
later returned home, but Mrs. Beavers
visited several other places and finally
went to see friends in Gainesville, Va.
According to reports which were given
the sheriff Fox had been seeing Mrs.
Beavers frequently.
Mrs. Beavers came home Saturday
morning after the body had been found,
but left Yesterday afternoon for Gaines
vile after the funeral had been held.
Burial of Beavers was made in Sterling.
Beavers was shot Thursday morning
between 4 and o'clock as he went to
his work at the dairy farm of H. E
Dekay. 2 miles from his home. AS he
did not return home that night a search
was instituted which resulted in the
finding of the body in the we'll with
the back of the head blown off by the
shotgun wound The spot where the
murder was committed was found Sat-
urday afternoon about 200 yards from
the well.
Evening star., 1931-12-28
Stop Your ChiId's Cough Safely!

rOscar came home tgitb
. fri sroan cough end
ceH. I bgf BIN TO bed
right <t34y. Right @ssSy
I SSpe bin Smith Bro
fbers' Cosgb Syrsa'. IL
sSssd tbs eoRgb, sootbed
bis throat. end be fell
<sLeep. In fbe morning be
s4oke MP 4sJRHof be4hb
<s eper. F. J. Rras.
1866 E. 81 ST., CLepe-
land, o.
Evening star., 1931-12-28
WASHINGTON CLOCK
TO USHER IN 1882
Use on Radio New Year Eve
viii Open Virginia
Bicentennial.
BY the Associated Press.

By the Associated Press.
FREDERICKSBURG Va, December
28.-The tick-tock of grandfather's
clock that told the boy Washington the
time will usher in the George WASH
ington Bicentennial year over Nation
wide radio hook-up from the home Of
his mother, Mary Washington, here at
midnight New Year eye.
Brought from Kenmore, home OF
Washington's sister, the old clock, owned
bv his mother from the time OF her
marriage, has been placed in the Mary
Washington house and arrangements
have been made for a 15-minute pro-
gram over the National Broadcasting
Co. radio chain.
The program will mark the opening
of the official Virginia program cele-
brating the 200th birthday anniversary
of the father of his country" The
program has been arranged by the Ken
more Association, with Gov. Pollard
and Sol Bloom, associated director Of
the United States Bicentennial Com
mission as the speakers. Beginning at
11:45 pm. a musical program, includ-
ing Washington's favorite minuet and
the addresses will precede the clock
ceremony.
Just a minute before midnight the
microphone will be moved over to the
old clock, and its ticking, to be broad
cast throughout the national system,
will be brought to climax when its
chimes ring in the celebration year.
Although the United States Commits
Sion'S program does not officially open
until February %, the Virginia Commis-
sion is working on series of programs
to be held in various parts of the State,
each commemorating the anniversary
Of an outstanding event Of Washing
tons life in his native State The Old
Dominion's program will be brought to
an end at Mount Vernon next Decem-
Der Il with the observance of his
funeral anniversary.
Evening star., 1931-12-28
DIES OF ABDOMEN WOUNDS.
Victim of Shooting Rampage on Christ
mas Day Succumbs.
Special Dispatch to The Star.

Special Dispatch to The Star.
FROSTBURG, Md, December "a
Aloysius Cullen, 80, married, died at
Miners Hospital here yesterday after
noon from an abdominal wound alleged
70 have been inflicted by Harry Shriver,
so, who is in Jail at Cumberland. The
alleged tragedy occurred on Christmas
cay at the mining town Of Zihlman, one
mile below here, and was the climax OF
o shooting rampage which, authorities
Sav. was staged by Shriver.
witnesses say that Shriver, who had
BEEN drinking, first fired at a group OF
men at the home of Mrs. Emma Vizzi,
where Shriver boarded. The charge tore
q hole in the wall near the kitchen
door. Later, it is charged, Shriver at
tempted to shoot Armel Sween, who
tried to restrain him, Sween knocking
the gun barrel away after it had been
pressed against his abdomen. Soon after
Cullen came up and tried to pacify
Shriver, when the latter is alleged to
have fred at close range.
Evening star., 1931-12-28
THREE HELD IN KILLING.
Uncle, Cousin and Acquaintance of Vic
tim Are Jailed.
,ial alDIspetcb TO The Star.

special Dispatch 10 Inc SIar.
STAUNTON. Va. December %. -
Three men are in jail here, one charged
with the killing and the other two with
being accessories to the murder of VIII
liam F. Rankin, 32-year-old Augusta
County man, whose body was discov-
cred in a field adjoining his home at
nearby New Hope Christmas day by a
passing horseback rider.
William F. "Bill' Rankin, aged 80,
uncle of the victim, is charged With the
shooting to death of his nephew, and
Jim Rankin, a cousin, and Floyd Ralnes,
O neighbor, are charged with being &C
eessories to the tragedy.
Investigation by local authorities re-
vealed that the tragedy occurred late
Thursday. Bad feeling had existed for
some time between the uncle and
nephew, it was discovered, and on
Thursday the men qUarreled over dis
position Of some Christmas liquor that
was being run off a 30-gallon still on
the property Of the murdered man.
No report of the killing was made
until late Christmas day. when Floyd
Raines called local police. The coroner
stated death was due to hemorrhage OF
The lungs caused by gunshot wounds.
Evening star., 1931-12-28
PROBE sTANDARDsvILLE, KILLING
Authorities Expect Arrests in Beating to
Death of Man.
Special Dispatch 10 The star.

Special Dispatch TO The star.
CORDONSVILLE, Va, December %.
ARRESTS were expected to be made
today in connection with the finding
of the body of Cell Morris, Is, Saturday
morning beaten to death in a lonely
field, a short distance from Standards
vile, county seat of Greene County.
A coroner's inquest, begun yesterday
IN the court house, was continued until
today after a number of witnesses, in
,cluding the dead mans brother, Cecil
Morris, had been heard. The brother
told a graphic story of his aged mothers
concern at her sons absence from his
home throughout Christmas night.
Morris body, found by searching
party organized following his failure to
return home, was lying in a pool Of
blood in the field, with his hat so or
more yards away.
A son of the late Elijah Morris Of
Greene County, the dead man leaves
his mother five brothers and six sisters
Funeral services were held yesterday
afternoon with burial in the church
cemetery, The Pines, near Standards
vile.
Evening star., 1931-12-28

Chile may establish merchant ma
rine.
Evening star., 1931-12-28

Application for membership in the
Tudor Rose League of British Employ
ment Providers, organized in England q
few months ago in the campaign 70
boost the buying of British goods, now
number about ! 500 a day.
Evening star., 1931-12-28
Boy, 8, Fatally Shot
BY Brother, 5, While
Playing With Rifle
Father Failed to Remove
Shell From Gun on Re-
turn From Hunt.
Special Dispatch to The Star.

Special Dispatch to The star
HAGERSTOWN, Md, December %
John, 3, son Of Mr.. and Mrs. Luther
Warner, Pleasant Valley, was shot and
killed by his 5-year-old brother George
yesterday. The father had just re-
turned from hunting and had placed
the rife in the corner of the kitchen,
having forgotten to take the shell out.
The children were tampering with the
rife when it was discharged, the bull
let striking the younger boy near the
heart.
coroner held the shooting scci-
dental.
The Bismarck tribune., 1931-10-29
Braves Unfortunate
In Game With MinOt

Mandan football enthusiasts are
deriving some comfort in connection
with the Braves defeat by Minct
from the fact that the team entered
the contest under what was regarded
as severe physical handicap.
The Warriors not only went into
action on empty stcmachs, it was
pointed out, but most of them were
dizzy from the effects of gasoline
fumes.
Leaving for Minot by bus at noon
Tuesday, the squad did not reach
Minot until q few minutes before the
game with the result that they were
obliged to 60 without dinner. The
delay was caused by a 20-mile wind
which struck the bus head on during
most Of the trip and inpcded its pro-
gress. Members of the squad said
that the driver was forced to procsed
in low gear during most Of the jour-
ney and that the wind blew exhaust
fumes back into the bus. BY the
time they reached Minot most Of the
players complained of headaches
The Braves football hopes re-
ceiyed another setback Thursday
when X-ray pictures revealed that
Dahlquist, star halfback, had broken
bone In his leg. He was injured
in the early minutes Of play just
after completing a 23-yard rue. It
was hoped that he might be in shape
in time for the Bismarck contest on
Armistice Day but his physician has
ordered him out Of the game for the
season.