davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-04-23
EASTERN RAIL MER GER PLAN
HAS REACHED FINAL STAGES.
Briefs From Four Carriers Interested in
Proposed Combine Have Now Been
Filed With Commission.

petition Of the railroads with each
proportions"
The obstacles to a consolidation of
the Eastern railroads have come in
considerable degree from within the
ranks of the carriers. The individual
istic natures of railroad presidents have
postponed for years the economies that
might have been effected had there
been more of a spirit of give and take
among them. The strongest objector
to the Eastern merger, now that diff
ferences between the Pennsylvania and
the New York Central interests have
been ironed out, is L. F. Loree, presl-
dent of the Delaware & Hudson. who
was the chief advocate of the fifth sys
TEN which was found to be 1mpractl-
cable and which few students OF trans
portation looked upon as logical.
Mr.. Loree has just made another at
tack on the four-party plan, asserting
three of the four systems are unable
to carry out their merger ideas owing
to the losses which they have expert
enced in the securities of roads pur-
chased to effect the rounding out of
their systems. He cites the fact that
the Van Sweringens have lost 1922
100000 the Pennsylvania about $l98,-
900 900 and the Baltimore & Ohio ap-
proximately s52 100000. or a total of
roughly s572,000,000. This represents
the difference between what they paid
for their railroad investments and their
present market prices. Due to adven-
titious circumstances, the Delaware &
Hudson. which had bought control of
the Wabash and the Lehigh Valley as
a means of creating the fifth system,
later was relieved of these properties
at top market prices by, Pennsylvania
Railroad interests.
Has Government Support.
So the fact that the fifth system
which Mr. Loree strongly advocated
was rejected by the Interstate Com
merce Commission saved his railroad
from experiencing the same kind OF
shrinkage in investments which others
had and which otherwise it would have
had to confess.
1t is quite likely that this phase OF
the situation may impress some of the
members of the Interstate Commerce
Commission who have been conspicu-
ously critical of railroad holding COM
panies, such as the Pennroad and the
Allegheny Corporations. 1t is not eX-
pected, however, to influence the judg-
ment of the majority of that body on
the merger per sc. 1t is believed to be
IN favor of the consolidation plan,
which has the strongest support of the
Hoover administration.
tCopyright, 1922
Evening star., 1932-04-23
BY CHARLES F. SPEARE.
Special Dispatch to The Star.
NEJIy UnDX Arr;r 30 rryt.,

Special Dispatch to The Star.
NEW YORK. April 23-With the
briefs OF the four interested Eastern
trunk line systems now in the hands
of the Interstate Commerce Commits
sion-the New York Central Railroad
having filed its application this week
the final hearing in the long drawn
out Eastern consolidation case will be
held next Monday It is expected that
the commission will render its decision
before it recesses for the Summer in
August.
The four systems have been irving
to adjust their different points Of view
with respect to consolidation for the
past five years. At the end of 1880
President Hoover announced that thev
had reached a satisfactory basis for
consolidation, with four instead of five
major systems to be set up in the East
Early in January, 1881, the presidents
of the Pennsylvania, New York Cen
tral, Baltimore & Ohio and Chesa-
peake g. Ohio lines advised the Inter-
state Commerce Commission that they
had held conferences and had reached
an understanding covering the alloca-
ton of the principal carriers in the
Eastern group into four systems. which
did not, however, include the New
England roads.
Clash of Opinions.
Subsequently, differences OF opinion
arose between the Pennsylvania Rail-
road and the New York Central Lines
which threatened to break I'D the
entente. These were conciliated and
concessions made in view of the ma
tional emergency. Last October a de-
tailed merger application was made to
the commission in behalf of the four
carriers. 1t is this application which
is now before the commission and on
which it is requested to act speedily
in order that the benefits of consoi-
cation may be applied at a time when
every effort is necessary in order tc
preserve the credit of all carriers.
1t is the strong opinion of the main
proponents of the four-party plan that.
had consolidation as now recommended
been in effect year ago, it would have
been possible to have balanced a part
of the loss in gross earnings by econ.
omies permitted under the kind of set
up which the Interstate Commerce Com
mission must now consider. That the
commission itself has some sympathy
for railroad consolidation is indicated
in a section of its report for 1881 deal
ing with the future of the carriers. 1t
says:
The waste in revenues and expenses
/ resulting from undue and unwise COM
Evening star., 1932-04-23
was s2s.a25.24s at June 30

property was $26,825,243 at June 3O
1881. prices.
Mr.. Hollands figure was $17,794, ,861,
of which S12,4O9, 1863 was listed as
electric property. Railway property
amounted to $4,596. 1863, and s378,348
was listed as gas property The re-
mainder was distributed between bus
property (S262, ,745), steam-heating prop
erty (S87,07D and Braddock Heights
Water Co. $780, ,643).
Counsel for the company has pro-
tested that on account of abnormal
business conditions it does not feel that
June 30, 1881, prices reflect the fair
value of the property, Application Of
normal-time prices would raise the fig
ure to nearly S30,0o000 counsel
claimed
The proceedings probably will not be
completed before another week. 1t
was said.
Evening star., 1932-04-23
Securities Dropped Sharply.
HUGE RAILWAY SUPPLY
MERGER is COMPLETED
BY the Associated Press.

BY the Associated Press.
PITTSBURGH, April 23.-One of
the largest railway supply manufactur-
ing corporations in the United States
was established in Pittsburgh yesterday,
with consolidation of the managerial
staffs of the Westinghouse Air Brake
and Union Switch and Signal Cos
Announcement of the consolidation
was made following the annual meet
ings of the stockholders of the two
corporations.
A. L. Humphrey, president of the Air
Brake Co, and chairman of the board
of the Signal Co, was elected execu
tive director of the organization.
The companies are among the oldest
in their respective fields. Their man
agement has been closely identified
since 1917, when control of the Signal
Co. was obtained by the Westinghouse
Air Brake Co.
The Airbrake Co, employs about 5000
persons; the Signal Co. about 5000.
Evening star., 1932-04-23
Bank of England Statement.

LONDON, April % CP).-The weekly
statement of the Bank of England
shows the following changes in pounds:
Total reserve increased 2,463 900: cir
culation decreased, 2,482 900, bullion
decreased $4,000, other securities de-
creased 1881 900, public deposits
decreased 3,110,000, other deposits de-
creased 3,845 900, notes recerve in
creased 2,489 900, government securities
increased 2,220,0O0
The proportion of the banks reserve
to liability is 3616 per cent, compared
with Bib last week.
Rate of discount, per cent.
Evening star., 1932-04-23
Mail Order Stocks.

NEW YORK, April % (SpeciaD -
The same argument that applies to
stocks of wheat-carrying roads may be
used in connection with the shares Of
the national distributing houses like
Sears, Roebuck and Montgomery Ward,
whose revenues rise and fall with the
prosperity the poverty of customers
in the agricultural districts. 1t also
may be used In connection with the
securities of the farm implement COM
panjes like J. I. Case and International
harvester.
Evening star., 1932-04-23
POTOMAC EDISON CO..
ESTIMATE SUBMITTED
Special Dispatch to The Star

Special Dispatch to The Star
BALTIMORE, April 3.-Submitting
his estimate of the cost of reproducing
the properties of the Potomac Edison
Co, Paul L. Holland, chief engineer of
the Public Service Commission, placed
the figure nearly $4,000, 900 lower than
that of the company's own appraisers.
In submitting his estimate, the re-
suit of two years work by the COM
missions engineering staff. Mr.. Holland
made no allow ance for working capital
which, in the appraisal of the company's
auditors, amounted to S585,o00 The
latter's estimate of reproducing tne
Evening star., 1932-04-23
Markets at a Glance

NEW YORK. April % LP,.-Stocks
steady; leaders move narrowly. Bonds
easy; United States Governments sag.
Curb steady; trading dull Foreign ex-
changes steady; French franc steadies.
Cotton lower, May liquidation bene-
fetal rains Western belt. Sugar steady,
trade buying; steady spot market.
Coffee dull; steady Brazilian market.
Evening star., 1932-04-23
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The star
NEW YORK, April 23.-After selling
of within a few points of low levels OF
the month, the cotton market today
developed decided resistance and under
an unusually large volume of business
closed with loss of only l to 2 points
on the day. Best figures of the session
we're reached in final dealings when
distant months sold around Fridays
closing figures. Spots were unchanged
at 6.l0.
Cotton range.
Evening star., 1932-04-23
U. S. TREASURY BALANCE.

BY the Associated Press.
Treasury receipts for April 81 were
So. 8o2 ,344.51; expenditures, s30,932, -
785 80; balance, SALT ,579, ,751.75. Gus
toms duties for 81 days of April were
Sl4,444, ,912.l0.
Evening star., 1932-04-23

The first attempt in the United
States to give women a higher educa-
ticn was when Oberlin College. in 1884,
opened its doors to the sisters of its
Evening star., 1932-04-23
NEW YORK BANK STOCKS
BANKS.

NEW YORK, April % (P).-Over-
market:
Evening star., 1932-04-23
|NSULL IN CHARGE
Of BIG REPAIR lob
Utilities Executive Attempt
ing to RehabiIitate Vast
Midwest Firm.
BY F. A. RESCH.
az1gaspd Press

Written for the Associated Press.
CHICAGO. April 23.-One OF the
most spectacular figures in American
industry finds himself forced into
climatic battle against economic ooos
which have thrown the whole world
into second gear. -
Major repairs are needed in the
financial structure of Samuel lnSull S
far-1ung public utilities organization;
Pink-cheeked and alert at r. insult
is now compelled to tackle the repair
job, and is setting to work WIN tne
same industry he showed IN pullollg
his vast interests Thousands OF stock
holders who backed their faith in his
ability with their money await the
outcome.
We must fight our way back to
good times" says the Engllsh-Dorn
protege of Thomas A. Edison, whose
career swept its way from an obscure
London clerkship to one OF the Ma
tons most important utilities eXecu-
tive posts.
Extent of Property.
Personally, Samuel insult is face to
face with the problem of bolstering
and rehabilitating the financial status
OF complex properties which it took
MN more than 40 years to build
properties valued at between S2,5O0,-
000,000 and $4,000, 900 600
Friendly receiverShip for the Middle
West Public Utilities Co, the holding
concern he created to link together his
interests, involves reorganization for a
property which includes:
Subsidiaries serving 4.700 communi-
tics in 80 States and Canada. whose
gross earnings last year were $182 000,-
600 and whose stockholders exceed
10000.
This briefly illustrates the scope OF
one OF several interviewer insult in
terestS facing financial reimbursement
AS those interests expanded reached
more States and more millions of con-
sumers insult so built his industrial
kingdom that supreme command was
vested in the insult triumvirate-hlm-
self, his brother Martin and his son
Samuel, jr.
But new capital become necessary
and this could not be acquired without
sacrifice of voting stock
A few years ago, when it appeared
their working control was in danger
insult and his associates formed two
quasi-investment trusts-Insull Utility
Investments, Inc, and Corporation
Securities of Chicago-paying therefore
in voting stock and in cash raised
through sale of their own securities
much of which was non-voting.
Securities Dropped Sharply.
From 1929 to 1882 these two units
shared vicissitudes common to all in
vestment trusts as result of declining
market value of their securities.
At the end of 1881 insult Utility In
vestments. Inc, held securities whose
market value was 78 millions, although
the same securities had been acquired
at a cost of 252 millions. And securi-
ties which had cost Corporation Securi-
ties of Chicago about IDS millions were
worth less than "a millions at the enc
of 1881.
Evening star., 1932-04-23

Dividend the annual cash
payments based on the latest quarterly
PARTLY extra +Pus AZ
Payable in stock. or Phi
in stock Pgs 2 stock Plus preferred
regula
n Plus Sc stock. stock - '~- -~'''
Evening star., 1932-04-23
MARYLAND BANK PARLEY.

BALTIMORE, April % Especially -
United States Senator Robert j. Bulkley
Of Ohio, a member of the Senate Com
mittee on Banking and Currency, will
make the principal address at the
thirty-seventh annual convention of the
Maryland Bankers Association, to be
held May l8 and l9 in Atlantic City.
Other speakers who will appear on
the two-day program include Dr. Doug
las S. Freeman. editor of the News
Leader, Richmond, Va, and Kenneth
c. Bell. second vice president of the
Chase National Bank of New York.
The Arch of Triumph. Paris, 1862 feet
high and lat wide. is the largest tri-
umphal arch IN the Wosld.
The Washington times., 1932-03-18

Gordonsville, Va, who identified
the man, said that last November
Banks had been sentenced to
twelve and one-half years for rob-
bing the home of w. H. Rowe.
Gordonsville business II. 4. On
February 4 he escaped from the
road camp in Nottoway county.
Five robberieS are charged
against the man here. However
Virginia authorities will seek to
have him extradited to serve his
time in the Old Dominion.
The Washington times., 1932-03-18
Circle Club MdsOnS
To Hear Rep. Murphy

Representative B. Frank Muir
ply of Ohio will be the prin'
cipal speaker at a meeting OF
the Circle Club of Master Masons
to be held Monday at 8 p. m. in
the Hamilton Hotel.
Representative Murphy, a thir'
ty-third degree Mason, is past
grand commander of the knights
Templar of Ohio, past master OF
Steubenville, Ohio, Lodge No. 45,
and past presiding officer of all
York rite bodies. ..
The Washington times., 1932-03-18

The legend Of Rip Van Wrinkle,
depicted by "a dance episodes,
will be the theme Of the annual
spring festival Of the children
Of washington tomorrow at the
Central Community Center at 3
p, m.
More than 500 boys and girls
will take part in the performance.
The only two adults on the pro-
gram are Edward E. Muth, as
Rip, and Mrs. Maud Howell
Smith, the story-teller.
The Washington times., 1932-03-18

In the irst manifestation of
the dispute by members Of the
Board of Education on the prob
lem of permitting children TO
appear in stage performances,
the District Congress Of Parents
and Teachers has decided against
the appearance of minors in lis
production of Eye Ole District
Skule."
The play will be presented
April is at Mckinley High
The Washington times., 1932-03-18
BOY PICKED AS CONVICT

Thomas White, the "1S-year-old
colored youth" who on February
20. was trapped by detectives and
police in a grocery store at 2017
Eleventh st. N. W., and who sur.
rendered only after tear gas
bombs had been used to subdue
him, was identified last night as
Melvin Banks, %, an escaped
convict from the Virginia State
Penitentiary
Police Sergt. j. r. Yeager, Of
The Washington times., 1932-03-18
CHILD ACTORS ARE BARRED 2Esma Van wi!s W S.3a1 E@as

School. The general committee
of the organization met last
night at Thomson School to out
line plans for the production.
The Board of Education has
requested the Corporation Coun-
sci to hand down an opinion on
whether children may, appear In
night stage performances author
lied by the school body.
Don't look for For Rent" signs =,
consult the vacancies advertised daily
In the Rental Columns OF the Classified
The Washington times., 1932-03-18
Group to Choose
Chest Candidates

Candidates for places as con-
tributor-members of the board OF
trustees of the Community Chest
will be selected by the nominal
ing conn ittee at meeting Tues.
day at the Chest headquarters
223 Investment Building.
The election will be held at
the annual meeting of the Chest,
April IS, at the Hotel willard
Frank r. Jelleff is chairman Of
the nominating committee.
The Washington times., 1932-03-18
Fair Heads to Meet
In C1Dit1L March 2I

Representatives of the Interna.
tional Association of Fairs and
Expositions, which has as mem.
bers about 100 State, interstate,
provincial and other fairs in the
United States and Canada, will
come to Washington for a con-
ference March 21-22, at the in
vitation of Secretary Of Agricul-
ture Arthur M. Hyde.
The Washington times., 1932-03-18

ize S0x105
inch seamless
B e d Spreads.
with scalloped
edges; in blue,
rose, gold. or.
child and green
woven ? stripes.
Main Floor.
The Washington times., 1932-03-18

;;:;;;;. : !; s.; s. s: 81: ';$;:: :;:: :;;: loo
and with as
sorted color Each
borders. Absor.
bent and quick.drying. Mai
Floor.
The Washington times., 1932-03-18

Window AVN
ings Of good -
quality striped
canvas; made
o n h e a v W
frames, c o M
plete with all
attachments. 2 #.
sizes.-FOurth Fl
The Washington times., 1932-05-11
"Good News! America Wakes Up, %
Winifred Black Reports

the Federal Government steps
into the breach and provides
the money for big building pro-
grams that will give work to
more than a million men, and
give it to them Immediately.
The Senate has stopped play
ing politics and arguing over
the whichness of the what for.
a while, and is hearing a few
plain truths from the welfare
secretaries of every city of inn
portance in the country-truths
about hospitals and asylums
and homes for children and
hunger and want among the
honest, hard-working families,
that are the backbone of our
American life.
Senate Listening
Thirty different cities report
relief work getting close to
the starvation edge-and the
Senate is listening to those
reports and beginning to realize
what they actually mean.
That's all we needed here
in America.
We just needed the plain
truth, that's all, straight from
the shoulder.
And now that we've got it
let's face it and drive it out of
the country, this misery and
want and despair.
It was easy enough for us to
sell bonds to send our Amer
ican sons across the sea to
fight to make the world safe
for democracy-does anyone
dare to say that we can't sell
The Washington times., 1932-05-11
SUSPECT.
KILLS SELF

oosTER, Ohio, May II
G.N.SO.-While sheriff's officers
pounded at the door of his home,
Harold Young, 10, implicated in
the murder of Mrs. Gertrude
Meeker, 81, by the alleged confes-
sion of her 23-year-old husband,
today shot and killed himself.
Deputies found the body when
they broke into the home at
Creston, near here, to arrest him
after Harold Meeker, 81, his
brother-in-law, confessed, they
said, to the murder of his own
wife.
Young, according to Meeker's
alleged confession, struck Mrs.
Meeker the fatal blow with a tire
pump. The body was then
dragged to the stream where it
was found Monday morning, nude,
and with the head crushed.
The only motive that officials
could determine for the Staying
was in a statement, attributed to
Meeker, that his wife was not
welcome in my home"
The Washington times., 1932-05-11
GIRL
HOLDS WOMAN

LOS ANGELES, May II G.N.S)
Accused of disrobing 17-year-old
girl and placing ceremonial gowns
on her for "sancification pur-
poses," Mrs. Fern Wood, was or
dered arrested today on kidnap-
ing charges. Mrs. Wood is said
to be member ofthe religious or
ganization of Aimee Semple Nc
Pherson Hutton.
Mrs. Wood, whose headquarters
were in Bell, Calf, was reported
to have left the town in her au-
tomobile accompanied by the
girl, Esther ContreraS, and two
boys, one 10 and the other II.
The girls parents said Mrs.
Wood had been giving her re.
ligious instruction for some time,
climaxing in the strange rites
that were preparation for pen
tecostal work.
The Washington times., 1932-05-11
.MRS.ONEN ASKS
DRY LAW VOTE

JACKSONVILLE, Fla, May II
Opposed for denomination by a
strong wet, Representative Ruth
Bryan Owen has come out here
with a suggestion for a State
wide referendum on the prohibi-
ton question.
The daughter of William Jen-
nings Bryan, admitted that if
the Florida people should vote
wet in such a referedum, 1t
would change her attitude in
Congress. She is now engaged in
her campaign to return to Con-
greSS.
Mark Wilcox of West Palm
Beach, running on a repeal plat
form, is her opponent in the
Fourth District primary.
The Washington times., 1932-05-11
WEST VIRGINIA
ROOSEVELT'S

CHARLESTON, w. Va, May II
GN.SO-West Virginia's Is Demo
cratic national votes appeared to
have been won easily by Governor
Franklin D. Roosevelt of New
York when early returns today
showed Roosevelt leading Gov
ernor William H. (Alfalfa BilD
Murray of Oklahoma 9 to l in the
State primary.
Although delegates to the con
vention are not bound by the
preference primary result, the
delegation was reported to be
solid for the New York governor
President Hoover, whose name
did not appear in the Presidential
preference ballot, won West Vir
ginia's 10 votes to the Republican
national convention, it was be
lieved. Former Senator Joseph 7
France of Maryland was a candi'
date for the States Republican
support.
The Washington times., 1932-05-11
G.. o. p. CGnlpGigner
ParOLed by Ritchie

BALTIMORE, May 11.-Among
the 80 prisoners just paroled by
Gov. Albert C. Ritchie is Frank
Hulseman, former Republican
party worker, who has served
three months of siX-months SEN
tence for subordination of per
jury.
william Meyer, serving three
years for using an ak on his wife
and three children while cIazed
with drink, was also pardoned.
Two other paroled prisoners were
granted pardons to restore their
citizenship.
The Washington times., 1932-05-11
"HOO DOC" DANCE

A Hoo Doc" dance will be
given tonight at the Hamilton
Hotel by the Theta Sigma Tau
Sorority.
The Washington times., 1932-05-11
LOSES
To HELENE

LOS ANGELES, May II QN.SO'
Although Lowell Sherman, the
film actor director, testified his
wife, pretty Helene Costello, sister
of Mrs. John Barrymore, drank
threw cocktail glasses at him
knocked his mother down, and
read exotic literature, Miss Cos
tello today had won a divorce
decree on her cross-complaint.
She testified:
"He nagged me and said l
was extravagant, which wasn't.
He always acted in a superior
manner and accused me of
having an inferiOrity complex.
He made me so nervous / had
to go away on a long trip to
recover"
Maurice Costello kissed his
pretty daughter as she stepped
smiling from the witness stand
with the decree.
Maurice Cohn, Sherman's sec
retary. sadly gathered up 10 OF
the IL "exotic books" Sherman
had ordered brought to court
Two of the averred naughty
books were stolen from the court
room