davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-04
MARKET VETERAN
SCORNS A[ARM|STS
Van Wyck SCOTS at Fears
and Points to Past De-
pressionS.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 3.-"The
average person today expects to find
a skeleton around the corner. There
is nothing to be afraid Of. have
been through six depressions. After
every panic We have a brighter sky,
higher prices and more comforts, and
this one will be no different from the
Others"
Frederick Van Wyck spoke slowly
and emphatically as he sat in his high
backed Victorian chair in one of the
oldest apartments In Manhattan and
in an interview told of his expert
ence of more than so years in Wall
Street and in American business, as an
accountant, business executive, specu-
lator and conf1dant of industrialists
like Daniel Guggenheim.
Mr. Van Wyck, for many of them had
an Old New Yorker" published this
week. incidentally, many prominent
bankers and induStrialists consult him
regularly because Of his knowledge Of
business and financial history.
uuOfe oeVcTe III 1919.
1.-THE 1873 depression was much more
severe than this one," said Mr.. Van
Wyck, who is 70 years old. II have
seen whole blocks of hou-e5 in Man
haitian empty-boarded up. Men worked
II hours a day with pick and shovel
for 81 cents. The gloom in Wall Street
was so thick 1t could be cut with a
knife.
People harp on the fact that this
! Is world panic. They have all been
world pantcs, more or less, but we for
get that now we receive news daily
from all parts Of the world OF the
present distress. In the old days II
took from IL days to three months to
get news of such conditions.
THE United States Government
taught people how to play the stock
market on margin by selling them Lib
erty bonds on margin. That started the
big ball of the last imitation. Today
the average marginal Spectator ex-
poets to put up $500 and make $4,000
We had no such ideas so years ago.
remember my first speculation.
bought 200 shares Of Atchison. When
had a profit of $500 I sold the stock
One of the big operators ordered the
sale of all his holdings. I called his
uCCCA4C1Oll W l4oAl6 Pi1NCc, OuO llC ACPAICo
I'm little lame, so must start home
| Early
Points TO Difference.
"Old-time spectators were different
from those of today. Usually they
were men of prominence and substance
At the brokerage Offices we met such
men as George Pullman and E. H
Hartman. We all sat down and dis.
cussed the right and reason for specu'
lating. We felt there should be gooc
reasons why stock should 60 up Of
down. When you invested or specu'
lated, you got real information first.
In the recent bull market days thu
requisites of a customers man seemed
to be a college degree, ability to weal
good clothes, information where thu
best cocktails were mixed, knowledge O.
where the most money was at week enc
parties, and good manners and goot
looks. Many of these men, from % Il
% years old, never knew how to read {
stock tape Then they wanted to tel
us oldsters how to invest our money!"
| (Copyright, 1897
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-04
BUSINESS RESISTING
YEAR-END DECLINES
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 3.-Business
seems to be offering encouraging re-
sistance to the usual year-end seasonal
decline, says the Business Week, though
the forward movement this Fall has
lost some of its momentum. Especially
to be noted are the well sustained VOL
ume of construction contracts during
November and the continued active OUT
put Of coal. Merchandise carloadings
and retail trade showed some decline
during the first part Of November, but
the strength Of holiday business has
not yet been tegto6 D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-04
Plans to Retire December 81.

NEW YORK. December 3 Johannes
A. Fayne, formerly of Boston, will
retire from the stock exchange firm Of
Hornblower & Weeks at the end of
this month, 1t was announced today.
Fayne was made a partner of the firm,
with his headquarters in New York,
shortly after the 1920-1921 depression,
and has played an active role since.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-04
Foreign Gloves Handled.
CORPORATION EARNINGS

NEW YORK, December 8 OP.-Per
share earnings Of corporations reporting
this week, with 1891 comparisons,
include.
Evening star., 1932-09-04
DELAWARE HEADS TOURIST
AUTOS IN WASHINGTON
Other State Travel Is Listed by
Greater National Capital
Committee.

Delaware takes first place among all
States except Maryland and Virginia
!or the number Of automobiles coming
INTO washington during April, May,
June, July and August this Bicentennial
year, says Curtis Hodges, executive di-
rector OF the Greater National Capital
Committee Of the Washington Board
OF Trade. Maryland and Virginia are
excepted because Of their proximity to
Washington.
For several months managers of the
road Information booths of the COM
lnittee situated on main highways lead
ing into Washington have been keeping
traffic count of incoming cars between
ii o'clock and noon and 3 o'clock and
O'Clock each day.
The estimate on the standing of the
various States as to the number of
visitors sent to Washington Is reached
by checking the number of incoming
cars from each State against the popu-
lation OF that State. A State showing
great number Of incoming cars but
having a very heavy population might
not take as high standing as q State
with q small number Of cars but with
very small population.
Based ON the number Of incoming
cars as compared with State popula-
! tion, the standing of the first Is States
on number Of visitors coming to Wash
ington during the five months is as
follows: Delaware, Florida, Pennsyl-
vania, New Jersey, North Carolina,
New York, Connecticut, West Virginia,
Massachusetts,, Rhode Island, Ohio
South Carolina, New Hampshire. Maine
and Georgia.
Evening star., 1932-09-04
HORN USE EXCEEDED
Admonition Given, by Maryland
Motor Vehicle Commissioner.

Admonition Given, by Maryland
Motor Vehicle Commissioner.
Special Dispatch to The Star.
BALTIMORE, Auguss 27-while the
automobile warning horn is installed
as a safety device, it also can be a
cause of accidents. not to mention an
instrument of annoyance anG dis
courtesy, according to E. Austin Baugh-
man, commissioner of motor vehicles.
THE careful motorist seldom is COM
PEELED to use his horn," Mr. Baugh-
man said. when crossing intersec-
tions, drivers should play doubly safe.
The horn is for emergency use, and is
not device to take the place OF brakes.
Furthermore, sounding 1t does not give
a driver the right to speed across an
intersection without due regard for ap-
preaching traffic or pedestrians
"One of the worst things a motorist
can do with his horn is to sound 1t
suddenly after he has approached
within few feet of pedestrians wait
ing for street cars or crossing inter-
sections.s Frightening and bewildering
persons on foot causes many accidents.
THE most asinine use of the horn
is its employment as substitute for
a doorbell"
Evening star., 1932-09-04
Milady's Motoring
BY FREDERICK C. RUSSELL.

retorts with the statement that If you
keep the water pump from leaking the
idea Is not to have the packing nut
taken up so often or so much. Pump
packing gets set in its way and Is less
likely to leak If it Is not disturbed.
Are you careful when furnishing
transportation for persons who are not
accustomed to motoring? Do you real
ize that quick stop or a bad jolt may
cause such persons serious injury, Just
because they have not become accus-
toned to the sudden changes in a cars
course?
I was reminded of this when an ell
derly woman on the rear seat of my
car contacted the roof when the ma
chine struck bad bump in the road.
Seasoned motorists seem to be able to
withstand these jolts. grasping the tog-
gle grips or bracing their feet. BY
degrees those of us who are on the
road good portion of the time have
built UP very definite resistance to
shock which goes a long way toward
keeping us at east regardless Of how
varied the cars course may be.
We haven't had our usual lessons In
the functions of important units Of the
car for some time. School Is open
again, so here's thought for today:
Let's talk about the camshaft. Sounds
very technical and bit too difficult for
the opening lesson of the school sea-
son, but you are likely to hear me-
chanics talking about it., especially II
the motor has developed some myste-
rious knocks. So let us X-ray the base
of the motor and see that this shaft is
q hot 1Ial \, fI,o
main shaft of the motor. Except for a
number of lobes or cams, it is straight,
thin and uninteresting. It Is made to
rotate by gears at the front end driven
from the main shaft. In many cars q
timing chain Is used for this drive.
So far so good. If the engine could
be cranked over slowly you would no
tice that the camshaft runs ADJUST half
the main shaft speed and that the
lobes or cams lift short rods known as
tappets. The latter, in turn, lift the
valves. That's all there Is to it. except
the camshaft has to have bearings to
support it and to keep it running true
That's real job for engineers.
Keeping your passengers sold on the
| idea that even If you are woman you
still are q good driver is partly matter
of making them comfortable. I like
the method Of O certain woman who
has been at the wheel for years. She
always demonstrates to passengers
through o reasonably positive stop, tha,
the brakes are up to par. She Is care
full to avoid sway on curves. This Il
not noticed by those on the front seat
which Is the reason so many drivers
make their rear seat passengers fear
| full. That's just a sample or two, but
doubtless they will be sufhcient to start
you thinking.
Evening star., 1932-09-04
D. c.. Naval Reserve

in announcing that 1t has during the
past two years stressed the importancs
Of class room instruction for the en-
listed personnel of the Reserve. and
the use of the training courses offered
by the Navy Department, says that in
order to check the progress In their
use, written examinations were insti-
tuted for some petty officers. and the
practice will be extended to include
all petty officers next year.
The board, however, said that the
results of the tests were not very en-
couraging as 80 per cent Of the divi-
slons failed to make a passing mark
The board said that 1t felt that be-
cause of the indoctrination results viii
be much better next year.
Many fleet units, the board reported,
are well prepared to supplement theo-
rettcal instruction with graphic means.
such as protector slides, models, items
OF machinery and plans and black
board sketches. The board reported
that 1t has found that where intelli-
gent use is made of such devices the
men have much better understanding
OF their duties than where such sup
Elementary means are not employed.
Some units are also well equipped to
give instruction in simple machine shop
and bench work. This training is
declared necessary for Engineer petty
officers and some artificer ratings, while
knowledge of simple mechanical pro-
cesses and overhaul of machinery Is
necessity for all engineer ratings. A
good balance between theoretical and
practical work has the advantage Of
retaining the interest of personnel, In
the opinion of the board.
The board said that It had found
that although some engineer petty Of
| ficers are able to handle the routine
operation of machinery in a satis-
factory manner, the majority have not
| yet sufficient knowledge to enable them
to meet any but very simple condi-
tions and then only under close super
vision. The training of non-rated men
OF the Engineers force of nearly all
| fleet division. the board said, has not
been thorough, and leaves great deal
to be desired. The board is Of the
| opinion that this coudition can be
overcome by placing proper emphasis
on instruction.
Evening star., 1932-09-04

The owner of the family car today is
not so concerned over how the chill
dren will turn out as in when they will
turn in.
suspect one reason why women
have more dificulty keeping their cars
new and sparkling Is because they have
too many assistants offering to keep the
hood and body looking their best Re-
Gently I saw the gardener using a
lacquer polish on car that his en-
ment, of course, took of the wax and
wasted what milady had invested in an
effort to preserve the cars finish.
Notes for beginners: You can learn
how to shift gears more quickly by hit
ting at the wheel and going through
the imaginary shift while the car Is
standing stock still Learn to run
the engine while the car is not in mo-
tion, just as if you were an engineer
operating stationary power plant e.
Always put the car away yourself in a
public garage, II 1t takes you an hour,
for there is no better way to learn skill
in driving.
The question seems to be on the
minds Of great many people whether
new driver should be taught to use
the automatic clutch control when first
learning the rudiments of operating the
car. I like the viewpoint of one ex-
perienced woman driver who says the
newcomer should learn to use the car
just as II everything were conventional
Later when on the road or in traffic
there are no bad consequences If she
happens to shift gears without using
the clutch pedal manually.
II 1t has become problem to re-
member to take the camera with YOU
whenever you go touring why not equip
the car with one of those swanky
camera cases which can be attached to
the rear OF the front seat in such a way
as to be instantly available yet always
out OF the way. One of the newest in
this line is sufficiently large to accom-
modate camera and two rolls of film.
Nest mothers who take their children
on long trips automatically select the
less Travelled routes. But not an OBJ
serving woman who planned a 25O-mile
run with 3-year- She has noticed
that where the route is through more
thickly settled sections, with more traf-
nc, there is more to see. Holding the
attention Of the child is part Of the
process OF curbing restlessness and dis
content.
Tbs next time you astound the men
folk by explaining that II you pour the
milk into the tomatoes, instead Of vice
versa, the tomato bisque will curdle
don't be at all surprised If one Of them
Evening star., 1932-09-04
VACATION TOURING
POPULAR IN AUTUMN
September and October Are Held
Ideal Months by
A. A. A.

Inquiries reaching A. A. A. travel
bureaus indicate that the 1882 travel
season will extend well beyond the
passing of Summer, due to postponed
vacations and lower hotel rates at re-
sorts during September and october.
This statement was made by the Dis
trict of Columbia division of the Amer
ican Automobile Association.
t"September and October" the state
ment continued, "are ideal vacation
months. There is tang In the air
that makes for enjoyable trips. Resort
hotels usually offer lower rates and
there is also the advantage of better
facilities, due to less use of golf courses.
tennis courts and the other recreational
centers. And every one knows that the
scenery, especially in the mountains, is
most colorful during Autumn. In ad-
dition, the highways are less crowded,
Evening star., 1932-09-04

The first weekend cruise in the new
assigned to the First Battalion, United
States Naval Reserves of the District
of Columbia, for training purposes.
which was participated in by members
of the First Fleet Division last week,
was very successful from a training
standpoint, it was said at the reserve
headquarters here.
Two officers and seven enlisted men,
headed by Lieut.. j. NJ Fewell, made
the trip down the Potomac, remaining
over Saturday night and returning
Sunday afternoon. During the trip in
struction was given in the methods
Of handling small boats under power,
taking soundings. plotting and seaman
ship.
| The vessel left yesterday on It's sec
ond trip, this time with members of
the Second Fleet Division aboard, COM
manded by Lieut.. j. F. Moore, division
commander.
Joseph J. Nowicki, chief signalman,
has been ordered to active duty for an
indefinite period and assigned to duty
with the aviation division at the Naval
Air Station at AnacoStia.
Ernest Bushong, chief machinist's
mate, who has been on active duty
with the aviation division, has been
relieved at his own request.
The following men were enlisted In
the First Fleet Division during the
week: James l.. Britt, fireman, third
class, 6209 Thirtieth street; Clayton W.
Colvin, fireman, third class, 1921 Buch-
anan street; Henry D. Higgins, fire.
man, third class, TIC Kentucky avenue
southeast.
| Studor r. Carr, Second Fleet Di-
vision, has been ordered transferred
from the volunteer to the fleet branch
and assigned to the Second Division.
Robert C. Guthrie. seaman, second
class, First Fleet Division, has been
ordered transferred to the volunteers.
James r. Hutchinson, seaman, Sec
ond class, has been ordered transferred
from the fleet to the volunteer branch.
James B. Jewell, 20 Maple street,
Clarendon, Va, has re-enlisted as a
seaman, second class, in the Second
Fleet Division.
Berkley B. Schutt has enlisted in the
aviation division as an aviation chief
mschinist's mate, second class. He was
formerly in the regular Navy.
william M. Wheeler, seaman, second
class, has been ordered transferred from
the First Fleet Division to the Volun-
teers on account Of removal from the
city.
The machine shop which has been
installed in the local armory under
the direction of Lieut.. Comdr. Walter
c. Lockhart battalion chief engineer,
is expected to begin functioning within
short time. A motor for driving
the machinery has just been received
and shortly will be erected.
| The regular naval inspection board,
Evening star., 1932-09-04
REDUCTIONS OPPOSED
Economy, Safety and Comfort Will
Be Impaired, Says Cutler.

Economy, safety and comfort on the
highways will be seriously impaired II
lures is permitted to 60 SO far as to
affect proper highway maintenance" "
declared T. H. Cutler, president of the
American Road Builders Association,
today in discussing the upkeep Of the
public roads
THE $120,000,000 of Federal \emer-
gency highway relief money that is
now being distributed to the States will
do much to relieve the distressing
maintenance situation. State funds
will be released for necessary and ade-
quate maintenance. The State roads
will be properly maintained" Mr.. CUT
Ter believes.
Evening star., 1932-09-04
Auto Owners Warned.
BALTIMORE, September q {

BALTIMORE, September 3 Especially =.
Owners Of automobiles and trucks
were advised by Automobile Commits
sioner e. Austin Baughman this week
to give the licenses of the chauffeurs
employed by them periodical inspection
He said that such a course would save
the driver the cost of paying fines in
traffic court when the license has ex-
pired and the owner would avoid losing
the services OF his chauffeur due to
suspension of his driving privileges.
Evening star., 1932-09-04
thereby assuring greater safety for mo

thereby assuring greater safety for mo-
torists
"As A. A. A. motor clubs are equipped
to serve car owners throughout the year,
travel services are on par with those
offered during the season of heaviest
vacation travel"
The A. A. A. club pointed out that
mountain resorts are especially popular
during September and october. The
statement continued:
Numerous new inventions for max
ing hot weather more bearable have
doubtless had the effect of changing
vacation seasons. As a result, thou
sands who have in the past set aside a
week or two In Midsummer for play are
now waiting until Autumn for q trip to
the mountains. Those who have once
seen the changing color of the leaves
on the trees In the mountains in early
Fall always desire to return for another
colorful vacation. The days are warm
and the nights are COOL Autumn is
play time in the hill country"
Evening star., 1932-09-04
Chessmen $500 Years Old.

Believed to be about $500 years old,
an almost complete set Of chessmen has
been found at Vinche, 10 miles from
Belgrade, Jugoslavia. The pieces are
made Of marble, baked clay and vari-
Gus stones The discovery was made by
Belgrade University excavators.
Evening star., 1932-09-04
AUTOMOTIVE BRIEFS

Samuel A. Mensh. long associated
with the 'automotive business in WASH
ington, has just been named sales man.
ager by Joseph Cherner for the Cherner
Motor Co, Ford dealers. Mr.. Mensh
has been connected with Hubmobile
for the last 10 years. being manager of
Northeast Hupmobile Sales Co., and
originally with Sterrett q Fleming.
Evening star., 1932-09-04

James r. Hutchinson, seaman, sec
ond class, has been ordered transferred
from the feet to the volunteer branch.
Evening star., 1932-09-04
Traffic Plans.

franc PlanS.
Traffic authorities are working out
some plan to lessen dangerous situa-
ton at Connecticut avenue and Colum-
bia road. A street car leading platform
Evening star., 1932-09-04

Robert C. Guthrie, seaman, second
class, First Fleet Division, has been
ordered transferred to the volunteers.
Evening star., 1932-09-04

James B. Jewell, % Maple street,
Clarendon, Va, has re-enlisted as a
seaman, second class, in the Second
Fleet Division.
Evening star., 1932-09-04

Studor r. Carr, Second Fleet Di-
vision. has been ordered transferred
from the volunteer to the fleet branch
and assigned to the Second Division.
Evening star., 1932-09-04

Berkley B. Schutt has enlisted in the
aviation division as an aviation chief
mschinist's mate, second class. He was
formerly in the regular Navy.
Evening star., 1932-09-04

william NJ Wheeler, seaman, second
class, has been ordered transferred from
the First Fleet Division to the Volun-
teers on account Of removal from the
city.
Nogales international., 1932-05-04

WASHINGTON, May 3.-Believ-
ing that the decline in the value
of silver is due primarily, if not
solely, to the action Of governments
in throwing upun the market sill
yer derived from the demonitiza
ton and debaSement OF silver coins,
and declaring that eff Governments
caused the fall in the price of sill
yer by selling silver governments
can restore the price of silver by
buying silver, Senator Carl Hay
den of Arizona has prepared, and
on Monday introduced a joint reso-
luton designed to restore the price
of the white metal, and bring about
stabiliZation.
Briefly, Senator Hayden's resolu-
ton would authorize the President
up to July 1, 1885, to accept silver
in payment of debts owing the Unit
ed States by foreign governments.
Silver would be accepted at the rate
of one and one-half ounces for each
dollar OF indebtedness discharged,
provided the debtor nations agree
to not nHelt Or debase their own
coins to obtain silver for debt pay
ments. AS q further inducement 10
debtor nations, the resolution stipu-
lates that when a government SAD
isfies the President it will restore
all of it's silver coinage to a fine
ness of at least nine-tenthG silver,
or shall otherwise increase the Use
of silver for coinage purposes, the
President may accept silver pay
ments from such government at tie
rate of one ounce OF silver for each
dollar of indebtedness. The silver
SO received by the United States
shall be coined into standard silver
dollars and deposited in the Treas
ury, and silver certificates issued
against the silver coinage.
"The primary object of this legjs-
lation," said Senator Hayden, 'is to
break the worldwide vicious circle
of declining prices by enhancing the
purchasing power Of the nearly one
half the people of the world who
have no other money than silver.
This is to be accomplished by Great
ing a demand for silver during the
next four years which will insure
Nogales international., 1932-05-04
MISS SE[TZ BRIDE
OF B. M. HARRIS

a wedding of muGh interest in
Nogales was that of Miss Grace
.Seitz and B. NJ. (Blaekie) Harris,
popular Nogales couple, which took
place Saturday afternoon at 3 81
clock at Sacred Heart Church, Rev.
Father Duval officiating.
Mss Victoria Gonzalez, a life
long friend Of the bride, was brides
maid and Levi Harric, Il brother n8
the groom was best man
The groom, who is son of Mr..
and Mrs. John A. Harris IS employ
cd by B. B. Buckeridgc of the Vic
toria mine.
The bride came here about SIX
months ago from Texas and has
been employed as a stenogrspher at
the Casa ANA Maria
In about two weeks Mr.. and Mrs
Harris viii leave on honeymoon
trip to Los Angeles to visit Mrs
Harris parents.
The young couple will shortly
erect home on Mr.. Harris proper
ty on the Tucson road.