davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-03-27
CURT|SS SHOWS
HEAVY LOSS

The Curtiss-w Wright Corporation
and subsidiaries report o loss Of
$9,374,e44 for 1880. After de-
Quoting 1852, ,O25 portion Of loss
applicable to minority interest,
net loss for the year was $e.o12,-
919.
In 1929, company reported
profit Of manufacturing Subsidi-
aries including operating results
for entire year of companies &C.
quired during the year and in
cluding $1,619,784 profit on sale
of securities, of $1.624,591.
After deducting $2,471,014 cost
Of establishing airports and liv-
ing service and allowing for por-
ton of loss applicable to minority
interests amounting to $177.891,
the 1929 net loss was $66S,532.
Untitled orders Of Curtiss-
Wright group of companies on
December 81, 1890, amounted to
$l2,243,186 against $4,000 ,287 on
December IL, 1929.
The Washington times., 1931-03-27
USE Of NATURAL
GAS To GROW

There is ample evidence that
recent and current declines in
the consumption Of natural gas
have been due entirely to ad-
verse, but purely temporary, gen
eral business conditions and that
the long term trend is clearly
upward, says the Standard Stats
tics Company, of New York, in
q current survey which con-
tinues:
Additional reasons for ex-
pecting substantial increases
during the future are seen in
the many pipe line projects
completed, under construction
or contemplated. Thus, very
likely in 1881, and certainly in
subsequent years, consumption
of natural gas will be stimu-
lated and new records Of out
put secured"
Standard Statistics notes that
over.enthusiaSm as to the COM
mercial possibilities of this newly
reborn industry have. especially
in connection with the financing
Of new projects, led to excesses
wherein lie possible pitfalls for
the unwary investor.
The Washington times., 1931-03-27
ADS WILL PUSH
ALE SALES

Canada Dry Ginger Ale, Inc.
announced today the completion
of a three-year program of plant
expansion. This accomplishment
is the signal fDr revealing their
plan to supply a market esti
mated to be 10 times greater
than their present business Of
9O,OO0,O 900 bottles a year.
This plan is based on a sell
ing and advertising campaign
scaled for this quantity market
The first advertisements will ap
pear in the newspaper Of April
2 and coincidently the sales cam
paign will be inaugurated with
a message from Mr.. P. D. Say
Tor, president Of the company
to it's distributors and dealers
throughout the country.
Mr.. Saylor. in announcing the
completion of the plant program
and the new Canada Dry plans
said:
Canada Dry Ginger Ale, In
cOrpOrated, has been credited
with achieving q remarkable
business success in the short
space of 10 years. Whatever
success there has been is due
to two things, fact-knOwledge
Of our market and aggressive
selling and ADVERTISING"
The Washington times., 1931-03-27

Plans which ultimately will re,
suit in a $7OO, 100000 paper com,
bine are understood to be nearing
completion. Negotiations for
merging several leading Canadian
pulp and paper companies into a
corporation to be controlled by
Canadian interests are under
way. ....
The Canadian International
Paper Company, a subsidiary Of
International Paper and Power,
the Abitibi Power and Paper Com
pany, Ltd, and the Minnesota
and Ontario Paper Company, are
said to have reached an agree
ment.
Discussions looking to the con.
clusion of the negotiations have
been held in Canada in recent
weeks and the plan is said to call
for the formation of a new hold
ing company that would control
through common stock ownership
the companies involved in the
transaction,
The Washington times., 1931-03-27
BANKS To SHOW
BIC DEPOSITS
INCREASE
Call Finds Most Washington
institutions Are Reporting
Good Gain Since Dec. 81

Washington banks answering
the call of the Comptroller today
for statements of condition as
OF March Is generally will show
healthy. and in some cases, large
gains in deposits. This is true
OF both commercial and savings
institutions so far as they have
been canvassed.
S5,444,OOO Increase
The Riggs National Bank will
report deposits of $59,371.166, an
increase of $5,444,000 since the
report on December 81 last
The National Savings and
Trust Co. reports deposits in.
creased by $226,852.51, to a total
Of $13,718,89253.
Deposits in the District Ma.
t1onal Bank have increased by
1901, ,045.
The Lincoln National Bank re-
ports a gain from $6,433,7 ,703 on
December 81, last. to $7,297, ,793
on the present call.
Bank Of Commerce and Savings
have increased approximately
$204,000.
The Security Savings and Com.
mercial Bank reports deposits
off 75,088, due to seasonal with.
drawals and some for stock in.
Vestments.
Others Show Gains
Washington Mechanics Savings
Bank reports a gain in deposits
Of $127,394
Mount Vernon Savings Bank
deposits increased $4,000 in
round figures.
Potomac Savings Bank reports
$109,981 increase in deposits for
the period.
The Commercial National Bank
reports a gain of $202, ,461, to
$16,271 1886 for this call.
The Washington times., 1931-03-27
WORK DELAYED
BY POLITICS

Controversies, red-tape, political
grievances and legal Snarls are
holding up millions Of dollars
worth Of public works construction
that ought to be under way, Engi.
neer News Record states. It says:
"The season is rapidly ap-
preaching when construction
should be in full swing if it is
to do its share in unemployment
relief and business revival.
I'm New York State q huge
grade-crOSsing elimination pro-
gram is being retarded because
of the recently passed DunmOre
act providing that contractors
on this class Of work pay pre-
vailing rates Of wages and work
but eight hours daily. Railroads
contend that the provisions Of
the act increase the cost Of
work rs per cent and are hold
ing off as long as possible.
"a $4,000, 900 subway contract
in Philadelphia has been held
up two years, first by suit of the
disqualified low bidder and then
by dispute between the con-
tractor and engineers over
methods of conducting the
work. Now, further delay is
threatened by a political inveS-
tigation.
"ChicagO's hopes. Of early
start Of actual work on its sub
way are dashed by delay In spe-
cial assessment proceedings"
These are cited as a few in.
stances of public works being de-
layed. The situation demands
common.sense cooperation fol
quick remedy.
The Washington times., 1931-03-27
| .|NFLAT|ON|STS
ARE HIT BY
HANEY
Economist Says Position Is
Akin to Old "Free Silver"
Advocates, Breeding Evils
By LEWIS HANEY
Director New York University Bureau
Of Business Research and Former
Economist of Federal

Economist of Federal
Trade Commission
The conflict Of ideas between
the inflationists and the hard
money advocates goes on. On the
one hand, a very vocal group 'of
persons continually argue that
the Reserve banks should put
more money in circulation.
On the other hand, most bark,
ers and economists say that
merely to put out more money
without any increase in business
requirements, is initiation and
tends to cause speculation and
price Embellishments.
Like Free Silver Fight
The situation resembles some.
what the struggle over free sill
yer" in the early nineties. At
that time depression Just about
as bad as the present one affected
business.
One factor then was uncer.
tainty about the value of money.
BryaniSm was at its height, and
the stability of our monetary
system was threatened by the in
flationary schemes which 1t
favored.
The people were depressed, and
the Western farmers were in great
distress. Bryan said: Let us
make more money" Under sim.
liar circumstances now, the infla-
tionistS say: Let the Reserve
banks buy more bonds, thus pay
ing out more money.
Initiation Would Hurt
In the one case, overvalued sill.
yer was to be the nominal basis
for cheap money. Today the basis
is to be nothing but Government
credit (bonds).
BY this time we should all
know that we have gone the
limit in initiation. Never has
there been such an obstinate and
widespread effort to prevent the
deflation Of a business boom, as
we have seen in this country.
We have tried to fight the
necessary and inevitable deflation
with more and more initiation,
but have lost on all sides.
The Farm Board tried to in.
flate wheat prices (and used our
Government credit. Through all
sorts of unnecessary construction
of public works." we are trying
to initiate other prices.
Running on StimuIants
The Reserve banks have already
injected about $500, 100000 of
credit through the purchase Of
United States securities. And
they keep their rediscount rates
at artificially low levels so as to
encourage member banks to Dor.
row.
What is the result? It is like
trying to keep going on stimu-
lants when a man is so sick that
he should be in bed. The quicker
we learn that initiation is bad
for us and settle down to the
job of getting 1929 out of our
system, the better.
The Washington times., 1931-03-27
$65, ,OOO, 900 Merger
Insurance Co. Plan

Negotiations looking toward the
merger Of the Pilot Life Insurance
Company and the Jefferson
Standard Life Insurance Company
so that the Pilot company will be.
come a subsidiary Of the jefferson
company are under way.
The merger would create COM
pany with assets in excess Of $685.
600, 900. It is understood that a
large number of the stockholders
have already approved the deal.
The Washington times., 1931-03-27
Graham, Brothers
AnslUer ChrYSIe1'

DETROIT, March 10 Ora.
ham.Paige Motors Corporation and
the three Graham brothers have
filed their answer in suit entered
here in United States district
court by Chrysler Corporation.
which claims defendants have
manufactured and sold busses and
trucks in violation of an agree
ment made between the Grahams
and the Dodge Company, which
is now owned by ChrySler.
The answer denies the Chrysler
charges.
The Washington times., 1931-03-27
Refined Sugar Price
Advanced Is Points

California Hawaiian Sugar Re
filming Company, Ltd, has ad-
vanced the price of refined sugar
to the basis of 4.50 cents a
pound,
This amounts to an advance
Of Is points in the East, where
company's price has been 4.35
cents, and 10 points on the
Pacific Coast. where the basis has
been 4.40 cents.
The Washington times., 1931-03-27
Boost in Texas Oil
Production Asked

AUSTIN, March 27.-An in
crease of approximately 1000
barrels daily in the Statewide al
lowable oil production for the
6O-day period, beginning April l.,
over the maximum proration for
Texas for the preceding so days
has been suggested to the rail
road commission by the central
proration committee through r..
r. Penn, chairman.
The Washington times., 1931-03-27
BIC PAPER F1RM' S z | 5000, 900
MERGER NEAR j. 8. TAX DROP

Falling 100000, 900 below last
year, income and corporation tax
receipts from July / through
March IS amounted to 81, 1,495, ,415,-
900, the Treasury announced to-
day.
During March so far 1929, 1884,
900 has been collected, a reduc-
ton Of $21s, 100000. Tax receipts
may reach 1896, ,OOO, 900 as COM
pared with the Treasury estimate
Of $45O,000,00O and last years
receipts Of $3.50, 500, 900.
On March IS there was a
deficit of 1921, 1921. 900 for the
month compared with surplus
Of 1901, $4,000 the same date
last year. So far during the
fiscal year expenditures have ex-
ceeded ordinary receipts by $780,
500, 900, while last year there was
a surplus Of $99,071 900.
The Washington times., 1931-03-27

1913 of the leading companies in
the United States had 100000
stockholders, including duplica-
tions. This comprises practically
all companies having 10000 or
more stockholders each.
No one knows how many more
stockholders the several thousand
smaller corporations. with less
than 10000 stockholders each,
have. The usual total estimate is
10000, 900, but it is certain that
this figure is substantial over
estimation.
The Washington times., 1931-03-27
WEST VIRGINIA WATER

West Virginia Water Service
Company, a subsidiary of Federal
Water Service Corporation, re
ports gross revenues of 1858, ,679
for the year ended January 81,
1881, as compared with $816,783
for the preceding IL months.
Operating expense mainte-
nance and taxes, other than Fed,
eral income tax, totaled $474, ,649,
as against $435, ,845. Gross in.
come amounted to 1919 ,030, which
compares with $380,939 for the
wear ended January 81, 1890.
The Washington times., 1931-03-27
Plan to Scrap Three
Million Cars O. Year

The Scrapplng Of 5000, 900 out
worn automobiles annually was
discussed at a meeting of a COM
mittee of the Institute of Scrap
Iron and Steel, held in Cleveland
recently.
It is hoped to have a compre-
hensive plan for this purpose
ready soon and to enlist the sup
port of automobile manufac-
turerS.
The Washington times., 1931-03-27
Bank of England
Aids Textile Issue

LONDON, March 27.-Bank Of
England Is offering today $4,000
900 six.year 61a per cent deben-
lures Of Lancashire Cotton Corpo.
ration at 071a.
Underwriters expect to be left
with about 70 per cent Of $4,000
900 6 per cent Greek loan. Appli-
cation lists closed Tuesday eve
ming. Dealings opened at 21a per
cent discount.
The Washington times., 1931-03-27
COLON OIL CORP.

Production of Colon Oil Cor
poration's subsidiary in Vene-
zuela for the week ended March
20, was 167,177 barrels, against
1S0,274 barrels In the preceding
week.
The Washington times., 1931-03-27
Alcohol Prices Cut
IL Cents O. Gallon

Alcohol prices have been re-
duced to "a cents a gallon for
spot delivery in April, against for
mer price Of 35 cents a gallon.
It is understood that some
sales have been made to large
buyers at lower than this figure.
The Washington times., 1931-03-27
GENERAL ELECTRIC

Gerard Swope, president of Gen,
eral Electric Company, denied
that the company plans to go on
a five-day week and make a hori-
zontal reduction Of wages and
salaries of 10 or IL per cent.
The Washington times., 1931-03-27
Siam Sells Silver,
Buns Gold, Report

PARIS, March 27.-Dispatches
tate that the government Of
Siam has decided to sell a por-
ton Of excess silver currency and
purchase gold to be placed in re-
serve, augmenting the fiduciary
circulation
The Washington times., 1931-03-27
RADIATOR PRICES CUT

American Radiator and STAN
dard Sanitary Corporation has
reduced the prices of radiators
about 10 per cent in the metro
politan district.
The Washington times., 1931-03-27
CHICAGO BUILDING

From March 2 to March IA;
inclusive, total of $30,958 800
contracts were awarded in
Chicago territory compared with
$25, 5,273,6 900 in entire month Of
February. according to F.. w.
Dodge Corporation.
The Washington times., 1931-03-27
BANK PAYS DIVIDEND

National Metropolitan Bank
directors yesterday declared the
regular per cent dividend. pay
able April IS, to stockholders Of
record April 6.
The Washington times., 1931-03-27
Produce Exchange
To Be Omen ApriL 4

The securities market Of New
York Produce Exchange has voted
to keep open on Saturday, April
The market will be closed
Good Friday. April 8.
The Washington times., 1931-03-27
ANDES COPPER

Andes Copper Company has
omitted the quarterly dividend Of
as cents, due at this time.
The Washington times., 1931-03-27
AUTOSALES DIRECTORS

The directors and officers of
AutoSales Corporation were re-
elected at the annual stockholders
meeting.
The Washington times., 1931-03-27
DIVIDEND PASSED

National Cash Register Com
pany has omitted the quarterly
dividend of IS cents on the Class
A stock, due at this time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06
Chicago, and Philip olatfelter,

stansell. Chicago, and Philip 0latfelter
Columbia, Pa.
Third national finals, 1926-Herberi
Wenig, Los Angeles, national champion
Myrtle Posey, Washington Helen BY.
lund, New York City; Guita F. Bear
man, Minneapolis, Mimi; Ann Hardin
Louisville, KY; Joseph A. MuliarKy
Augusta, Ga. and Thomas Cleary
Philadelphia.
bert wenig of California, international
Champion; Jose Munoz-Cota, Mexico
City, Mexico; Herbert Moran. Canada:
william Meades Newton, England, and
Maxine r. Puel France.
Fourth national finals, 1927-Dorothy
Carlson, Salt Lake City, Utah, ma
tional champion; James M. Tunnel
ir.. Georgetown, Del; Jefferson r.
Meagher, Birmingham, Ala; De Lisle
Crawford, Oak Park, Ill.,; William A.
Loker, Leonardtown, Md, and Carl
Albert, McAlester, Okla.
Second international finals, 1927
Arturo Garcia -Fermenti OF Mexico
City, Mexico, international champion;
Georges Guiot- Guillain, France; Dor
othy Carlson, United States; Frederick
p. Hotson, Canada, and James keith
Watson, England.
Entered in 1928 Finals.
Fifth national finals, 1928-James
Rayburn Moore, Somerset, KY, ma
tional champion; Elliott Norquistr
Kansas City, Mo-; Charles ]. Olson, jr.
Worcester, Mass; Frederic r. johnson,
Cairo, Ill; Joseph e. West, Omaha,
Nebr; Ralph Zabludofsky, Brooklyn,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06
N. Y, and Benjamin Z. linden.

N. Y, and Benjamin Z. linden.
Washington.
Third international finals. 1928
Rene Ponthieu, Faris, France, interna-
tional champion; Jose de Tomaso, Ar
gentina; William Fox, jr., Canada;
James Moore, United States; Dudley
Barker, England: Heinz Barth, Ger
many; Efrain Brito Rosado, Mexico,
Sixth national finals, 1S2s-Ben
champion; Lee Miller, haywood, Ill. /;
Lucille Fletcher, Brooklyn, N. Y; J.
Katherine Marshall, Quanah, Tex;
James Leonard Putsch, Washington;
Eilzaoeth Corey, Portland, Me-; William
Inlbault. Portland, Greg, and Howard
K. Finch, Battle Greek, Mich.
Fourth international finals, 1929
Koch Pinard, Quit emont, Canada, in
ternational champion; Herbert Schau-
mann, Germany; Roberto Ortiz Girls,
Mexico; Ben:gno Petit Lecaros, Peru;
Ben Swofford, United States; Gabriel
Eoucne, France; Lis Torsleff, Denmark;
r Wnitnall Allen, England, and VIM
cente Pardo, Suarez, Cuba.
Seventh national finals, 1930-Ed-
mund A. Gullion, Washington, D. c.,
national champion; Seymour M. Peyser,
New York City; Vernon L. Withuhn,
Seattle, Wash: Edmond Bernard.
Springfield, Mass; Gloria Gulager,
Muskogee, Okla: Lourene Mokstad,
Chicago, and William Carlos Turner,
Louisville, KY.
Won 1880 World Finals.
Fifth international finals, 1930-Ed-
mund GuIlion, United States, interna-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06

tional champion: Paul Leduc. Canada:
Clemente Perez-zanartu, Chile: Heinz
Bockhacker, Germany; Javier vivanco
r., Mexico: Andre p. J. Fious, France:
Jack n. German, England, and william
Hayes, Ireland.
Eighth national finals, i931-Robert
Gibson RaybuTn, Newton, Kans., ma
tional champion; Ever Louise Conner,
Chicago: William j. Codd, Spokane,
WASH; Jack Emmett, New York City;
James A. Moore, Washington, d. c.;
James II. Pelham, Birmingham, Ala,
and William ]. Donohue, Herkimer.
NJ. Y: and
Sixth international finals, October "a,
1931-Henri r. M. Van Hoof, Overveen,
Holland, international champion; Ger
ard Cournoyer. Canada: Martin Krieger,
Germany: Pierre Henri Courtade-Cab-
essanis, France: Robert Rayburn, United
States; John Thomas Lumsden, Eng
land. and Thomas Shillington, Rath-
farnham, Ireland.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06
~ the Associated Press.

By the Associated Press.
: HARLAN. KY. November 6.-Theo-
dore Dresser and his committee of New
York writers arrived here today from
Pineville to pursue what they said were
reports of reign of terror" and what
Dresser has termed blackjack rule"
over the Kentucky coal fields.
: The committee was met here by Nal.
George M. Chescheir and Capt. Frank
McAuliffe. National Guard officers from
Louisville who are acting as personal
req 7sentatives of Gov. Elem D. Samp-
son!
Morning and afternoon meetings were
planned for today. the committee seek
ing Information from miners and opera
tors. Members of the committee said
they were especially anxious to kear
from Circuit Judge D. C. Jones, Sheriff
J. H. Blair and other officials of Harlan
County.
Maj. Chescheir was in this section
several months ago when 400 troops
were called out to quiet labor disorders
which resulted in the death of three
officers and one miner. Charles Rum
ford Walker of New York, acting as
secretary of the Dresser Committee, to-
day asked the major to testify ss to
What he saw at that time, but the major
declined on grounds he was appearing
only as an observer for the governor
and not witness.
In addition to the Harlan meetings,
the committee expects to seek testimony
at Wallins Greek and Straight Greek,
in Harlan and Bell Counties, between
now and Sunday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06
ORATORY CONTESTS
GROWTH SKETCHED
Leigh Recounts Development
and Lists Winners in
New Book.

The story of the International Ora
torical Contest from its conception as
a city-wide competition in Los Angeles
to its present breadth involving many
nations of both hemispheres, and in
Guiding the orations Of all national and
international winners, is told now be-
tween the covers Of single volume pub
lished by Randolph Leigh, director gen.
eral of the contest.
The new book is a concrete example
of one of the National Capitals largest
industries, that of printing and pub
fishing. The volume is from the press
Of A. c. Mellichampe, Inc, and is issued
in two editions. The major edition is
in cloth binding. while a special limited
edition is handsomely bound in artistic
leather.
The book, entitled "Oratory-The
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06

Story Of the International Oratorical
Contest" was published on o non-roy-
atty basis. It contains not only the
history Of the contest but the speeches
OF its victors from 1924 to Henri r. M
van Hoof, Dutch boy, who won the
world championship here less than two
places the paper-bound booklets which
each year are given free to the schools
which participate in the contest despite
the fact that 1t contains the booklet for
the coming ninth Lationaa and seventh
international contest. The profits from
the volume will be placed in the fund
used to provide the paper booklets to
competing schools.
The new volume also contains two
addresses by President Coolidge and
two by President Hoover.
Publication OF the book represents the
first effort to list all Of the particle
pants In the national and international
finals. In the order in which they APP
pear, the young speakers were First
national finals, 1924-Don Tyler, Los
Angeles. Calf. champion; Ruth New
burn OF Washington, D. c.; John M.
Dallam, 3rd, Philadelphia; Eleanor HUI
Der. Louisville, KY; George Chumos,
gomery. Ala, and Vail Barnes, New
York City.
Winners in 1925.
Second national finals, 1s25-Robert
Sessions, Birmingham, Ala, cham
pion: Eugene F. McElmeel. Los Angeles:
Max N. Krolod, Sioux City, Iowa: Flora
Longnecker, Zion, N. Y: Asenath
Graves WASHINGTON n C.. George
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06
OPPOSE SALE OF CABLE
Alaska Business Men Hold Plan
Would Curtail Service.

FAIRBANKS, Alaska, November 6
R).-A group of business men an
nounced Wednesday they would oppose
vigorously the proposal of the War
Department to sell the Washington
Alaska military cable and telegraph
system to private interests.
AS a first move, the Chamber of
Commerce wired George Wickersham,
delegate to Congress, and other
Chambers of Commerce in Alaska to
enlist their support. They said the
sale of the system would bring a cur
tail in service and increased rates.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06
100 Year.0ld Bridge in Use.

HARRISBURG, Pa-When United
States Army engineers build bridges,
they stay built. A tubular type of span
of cast iron was built over Dunlaps
Greek to carry stage coaches and wag-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06

ons more than 100 years ago. Now 1t
supports a heavy trafic of automo-
biles and trucks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-06

Frances annual production Of wine
frequently runs over a billion gallons.