davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-01-20
GUIDE FOR BANK DIRECTORS
ISSUED THROUGH ASSOCIATION
Statement of Iowa State Superintendent
Declares There Should Be Close
Cooperation With Officers.

Of the banks funds Is their main re-
sponsibility, and, second, he should
value their advice and help and in
sist on division Of the responsibility
in this principal work Of the bank"
The work the director personally
performs may vary in the different
banks. Mr.. Andrew saws. but he is
entitled to and should receive full in
formation in regard to the condition
Of the bank he is supposed to direct"
and this can only be done when proper
statements and reports are furnished
him at regular periods.
Reports Must Be Concise.
These reports must be concise and
comparative in nature, SO that he may
see the progress and determine the
banks condition" the statement adds.
The American Bankers Association
has prepared an approved form for
such report, which is now being used
by thousands of banks When this re-
port form is consistently used It gives
the director report which he can
understand and, when referred to from
month to month, shows him better
than anything else the progress the
tank is making"
Mr.. Andrew adds that "the bank
directors name is used and advertised
to the public as one Of the main rea-
sons why customers should do business
with the bank if he doesn't direct he
fails to perform his first Obligation, ="
saying in conclusion:
The director should remember that
good management, which inspires con-
fidence in his bank, is all there ia to
good banking. He should be a mart
OF that good management and insist
in season and out Of season, that his
bank be a good. safe bank for the de-
posits OF his community whether large
or small"
Evening star., 1932-01-20
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 20.-Declsring
that bank directors should direct and
that they hold positions of great re-
sponsibility to depositors to do their
best to keep the bank SAFE" L. A.
Andrew, Iowa State bank Superin-
tendent, outlines in a statement issued
here today by the American Bankers
Association the concrete ways in which
they should go about the discharge of
their functions.
The statement is embodied in a
pamphlet prepared by the associations S
Bank Management Commission, en-
titled Bank Directors-Their Legal
and Moral Responsibilities" containing
also articles on Duties of a Bank
Director" by F. G. Await, deputy
controller Of the currency, and "A
Directors Responsibility in Bank Ad-
ministration," by Lee 8. Trimble, vice
president Georgia Railroad Bank &
Trust Co, Augusta, Ga.
Obligated TO Depositors.
Persons selected as directors repre-
sent. not only the interests of the
stockholders, but also have an obliga-
ton to the depositors to do their best
to keep the bank safe for the money
which may be intrusted to its care"
Mr.. Andrew says. There should be
close cooperation between the di-
rector and the bank officer. While the
directors must leave the practical op-
Grafton Of the bank in the hands Of
the officers, they should determine the
general policy and have full and COM
plete knowledge Of all OF the important
points in the conduct of the banks az
fairs. The bank officer who is intel
ligcnt and eficient is anxious to have
the closest cooperation with the d.
rectors, because, first, the investment
Evening star., 1932-01-20
WHOLESALE PRICE
DECLINE IS SHOWN
Index Drops to New Low Of
$50, With 100 as 1926
1923 Average.
Rx the Associated Press.

BY the Associated Press.
The wholesale price index of the Ma
tional Fertilizer Association showed
decline of nine fractional points last
week which is the largest drop recorded
in several periods. 1t now stands at
63.9, a new low point. The average
for 1926-28 is represented as 100 in
the index.
Ten Of the ID groups included fn
the index declined 3 advanced and
the remaining / showed no change.
The declines we're in fats and oils,
foods, grains, feeds and live stock, fer
tilizer materials, mixed fertilizer, build
ing materials, chemicals and drugs,
house furnishings and miscellaneous
commodities. Those which advanced
we're textiles, metals and fuel. The
largest declines were shown in the
groups of fats and oils, foods, house
furnishings and miscellaneous COM
modities.
Prices for SO commodities fell off
during the week, while % commodities
showed gains. Among the declines
we're burlap, butter, cottonseed oil, oleo
oil, corn Oil, tallow. cheese, milk, sugar,
flour, potatoes, apples, raisins, peanuts,
corn, wheat, rice, cattle, hogs, resin,
castor oil, paper, tires, hides and calf
skins.
Those advancing included cottonseed
meal, cotton, silk, lard, pork, bran,
middlings, lambs, sheep, steel, copper,
silver kerosene, house furnishings and
rubber.
Evening star., 1932-01-20
FRANCE TO WITHDRAW
ITS EARMARKED GOLD
$125, 100000 Held by Federal Re,
serve of New York to Be
Repatriated.
BY the Associated Press.


NEW YORK, January 20.-The Bank
Of France is understood to have ar
ranged to repatriate $125 900 900 of gold
which 1t holds under earmark in the
vaults of the Federal Reserve Bank of
New York, the transfer to be made
in 10 shipments of about 1880 900
each.
The transaction would not involve
any increase in the gold holdings of
the French Central Bank or any de-
crease In the monetary gold stocks Of
this country, which amounted on last
Wednesday to Sd 457000,OO0.
Bankers explained France had con-
veyed its intention of taking home its
store Of earmarked gold last October,
when two representatives Of the Frerch
bank were in this country. Since no
loss of gold to this country is involved,
bankers said the action will be without
effect upon the money market.
About t400,0o0,000 gold IS set aside
in the vaults Of the Federal Reserve
Bank under earmark for foreign &C
count of which the Bank of France
owns $l25 100000, the National Bank
OF Belgium Is estimated to hold nearly
as much and the rest is owned by other
central banks.
None of this gold is included in the
monetary gold stocks of the United
States, the foreign central banks for
whose account it has been set aside
regarding the metal as though it were
lodged In their own vaults and includ-
ing it In their statements of gold
reserve.
The first Of the 10 shipments was
made last Friday, the second will go
forward today and the third on Friday
Evening star., 1932-01-20
CURB OPENS.LOWER
BUT TURNS STEADY
Price Changes in Main Are a
TrifIe Higher After First
Declines.
BY JOHN A CRONE.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 20.-After
opening irregularly lower, the Curb Ex-
change today developed steadiness
around midday. Price changes, though
unimportant, were in the main trifle
higher.
Atlas Utilities displaced Electric Bond
& Share in point Of volume in the
forenoon and rose more than a half
point The latter was virtually un-
changed. Cities Service absorbed some
stable offerings, yielding only small
fraction. Standard OH of Indiana
moved within q range of a quarter
point.
Public Utilities wavered at times dur
ing early dealings, but they were not
heavy despite the proposed extensive
congressional investigation into all
American utilities, railroads excepted.
The power and light division comprises
more than one-sixth Of total curb secur-
ties many of the larger holding, in
vestment and management companies
being listed on this exchange.
Electricity output for last week show
ed a reduction of CT per cent against
a drop Of $50 per cent in the preceding
week. Tampa Gas a. Electric had pre-
viously discounted the dividend an
nouncement OF a quarterly payment Of
SIS cents instead of so cents quarterly
in cash and 2 per cent semi-annually
n stock.
A receivership petition filed in Will
mington today against the Hamilton
Gas Co., caused by the lack OF $500 900
cash to meet maturing obligations, had
been expected and was fully discounted
marketwise several sessions ago.
The proposed investigation by Con-
eress into all public utilities, excepting
railroads, had little immediate market
effect at today's opening of the curb
exchange, where most of the larger
holding company securities are traded in.
Electric Bond & Share in block OF
1900 shares opened at ll4 unchanged,
and then rose fractionally. Cities
Service in a lot Of 1000 shares opened
ct s, off "a. United Light & Power
shares, especially the A stock, was a
shade higher following news Of the
acquisition of a siZeable block of the B
voting shares by an investment trust.
Atlas Utilities opened on a block of
extended its initial advance. The
easiness that marked London trading
failed to prevent small gain in Ford
Motor Ltd. Standard OIL of Indiana
gained as Standard Oil Of Kentucky
declined.
Aluminium Co. of America was up
about point. Pittsburgh e. Lake Erie,
responding to the expansion in steel
ingot output, was bid up points Deere
q Co. recovered part OF Tuesdays loss.
Evening star., 1932-01-20
AWAIT EXPLAINS DUTIES
OF 175,OOO DIRECTORS

The number Of bank directors in the
United States is approximately 175,0O0.
If every one OF thHn might read copy
of the A. B. A. Bank Management
Commissions new booklet on the legal
and moral responsibilities of directors
the banking structure Of the country
would be measurably strengthened.
This booklet contains what can be
called a guide or catechism for bank
directors, by L. A. Andrews, bank COM
missioner of Iowa; also an analysis of
a directors duties by F. @. Await, dep
uty controller Of the currency. and
discussion OF directors responsibilities
by Lee s. Trimble, vice president,
Georgia Railroad Bank & Trust Co.,
Augusta, Ga. The central thought and
purpose of the, booklet--expressed in a
foreword--ts that in the interest O:
good banking, "fgurehead directors
must 60"
Evening star., 1932-01-20
ECUADOR RAIL BONDS
REPORTED DEFAULTED
BY the Associated Press.

BY the Associa ted Press.
NEW YORK, January 20.-It was un-
derstood in Wall Street today that the
S10,O0o,000 issue Of per cent bonds
of the Guayaqul & Quito Railway,
Ecuador, which matured January 2,
had been defaulted as to the maturity
Bankers said this was not surprising
in view of the fact interest on the
bonds had been in default for several
years. The last coupon to be paid was
that of January 2, 1914, which was
paid in 1929.
1t was explained that virtually all Of
the bonds are now held in England,
where the interest is payable. The
bonds were issued in 1899, and have
been guaranteed both as to principal
and interest by the government OF
Ecuador, which controls the railway.
Evening star., 1932-01-20
New York Cotton

NEW YORK. January 20 R.-Cot. va
decline of to 10 points on Southern 80
selling. promoted by relatively easier 2
Liverpool cables. March eased off to
$50. '"!. 7-tgs
According to private advices from d
Liverpool, the market there was in
fiuenced by hedging, combined with
local and continental liquidation on a
less favorable view Of the international 6
situation.
by trade buying and covering, but de4S q
mand was not aggressive and was sup4Da
piled on rallies Of or points. AID
continuance of good weather In the
South may have encouraged some sell. %
ing, but Southern offerings were light ,
and trading was comparatively quiet %
during the first half hour. ~ o. g
Evening star., 1932-01-20

new stock for the reops ming of the Me-
chanics Lo2n & Savings Bank, the
second banking institution which is
closed here, are nearing the goal set
under the plans approved by the State
banking commissioner for reopenine the
bank.
Already 90 per cent Of the depositors
have signed the agreement required in
the reopening plan and two-thirds of
the sl50,0OO additional stock has been
subscribed to already.
The five organizations helping to sel,
the stock are the Chsmber OF Conn
merce. Credit Bureau, Boosters Club
Urma Club End LEAK Walton IeaoI1e
al of which nam-d soliciting teams tn
assist the regular teams named by the
bank.
Evening star., 1932-01-20
BUSINESS MACHINES CORP.
REPORTS GAIN IN 1891

Less than one-fifth. of the business
done by International Business Ma
chimes Corporation in 1881 came from
foreign countries. The company's 1881
earnings were the largest in its history,
maintaining l0-year record OF ur-
broken increase, Thomas j. Watson,
president, said at the annual conven-.
tion of the companys One Hundred
Per Cent Club st the Hotel New
Yorker 80. ..
In installing M. 2. Owens OF Lincoln,
Nebr., q member of the scale division,
as president of the One Hundred, Per
Cent Club for 1882, Mr.. Watson referred
to the growing importance Of the COM
pany's business II, commercial and In
dustrial scales and retail store equip
ment. Mr.. owens had the best selling
record In 1881 OF any Of the conapaty's
statesmen in the United States. ~
Evening star., 1932-01-20
HAGERSTOWH BANK
REOPENING PLANNED
Tentative Proposal to Be Given
First National Trustees
Following Meeting.
Special Dispatch TO The Star.

Special Dispatch TO The Star.
HAGERSTOWN, Nd, January 10
Plans for reopening of the First National
Bank. which closed here several months
ego, where made at netting held last
night at the Court House, which was
stteneed by hundreds of stockholders
and depositors.
The tentative plan will be submitted
10 ths receiver, Claude Gilbert, repre-
sentative OF the controller of the cur
rency, who Is now in personal charge
OF tne bank. All plans are subject to
Lne maj approval OF the controller.
Lnere are about 5000 depositors Of the
-, Committees Of citizens, Augmentinp
the regular banking group solicitinr for
Evening star., 1932-01-20
FUTURES BILL OPPOSED
BY GRAIN EXCHANGE

NEW YORK, January 20 H1,-The
New York Produce Exchange an
nounced yesterday the appointment Of
e committee to canvass the member
ship with the view of opposing the
movement to draft legislation at Wash
ington affecting the grain futures
market.
It was pointed out by members Of
the exchange that any contemplated
restrictive measures inevitably will
work hardship on an organization oc-
cupying an important position in the
economic structure Of the country and
unfavorable legislation will affect ad-
versely the welfare of thousands Of en-
ployes dependent oD the exchange for
their livelihood"
Evening star., 1932-01-20
SOVIET BUYING GERMAN
CATTLE FOR BREEDING
pr thn Assnciated pres.

BY the Associated Press.
A report to the Commerce Depart
ment says Soviet Russia has been pro-
curing fine breeding cattle from Ger
many since collective farming in Rus
sia got under way
In 1928, the Soviet imported % head
OF breeding sheep for wool producers,
with the Free State Of Saxony, and the
provinces of, Saxor,y and Hanover be-
ing the largest suppliers. In the same
year, 1000 breeding Holstein bulls were
shipped from the southern provinces Of
Germany. In the two years following,
about $4,000 hogs were imported in
Russia, all for breeding purposes.
Evening star., 1932-01-20
CHICAGO POTATO MARKET.

CHICAGO, January 30 (P.-Potatoes,
receipts, 76 cars on track, $50 cars; to-
tai United States shipments, e92 cars;
slightly weaker, trading only fair;
sacked per hundredweight; Wisconsin
higher; unclassified, 70a721a; Nebraska
Triumphs, 1.05a1 10, few fancy higher;
Idaho russets, No. /, 1.50al.60.
Evening star., 1932-01-20
SHEET MARKET GOOD.

NEW YORK, JANUARY 20 [P1--An
improved demand for sheeting is re-}'
ported in the gray goods market. Prices
continue Arm with activity centered on
3sl Inch 6o-4s printcloths at 31s cents. I
sales of 3s1a-inch 64-60SO were re-
ported made recently at 33s cents for
spots and 3s4 cents for later delivery
Evening star., 1932-01-20
BOURsE STATEMENT.

PARIS, January 40 (P).-Three per
cent rentes, 10 francs is centimes. Five
per cent loan, t02 francs so centimes.
Exchange on London, 88 francs 1914
centimes The dollar was quoted at 2o
francs x2A centimes,
Evening star., 1932-01-20
Iowa Banks Close.

IOWA CITY, Iowa, January 20 LP,-
The First National Bank and the IOWA
City Savings Bank closed their doors
here today. Their closing leaves this
city, site Of the University of Iowa
without bank.
Evening star., 1932-01-20
RUBBER MARKET.

NEW YORK, January 40 tSpeciaD.
Crude rubber. smoked ribbed sheets,
was unchanged at today's noon quo
tation of 9-l6c. This compares with
~ q month ago and sls a year ago.
Evening star., 1932-01-20

Advices from San Francisco state that
Caterpillar Traction Co. Is estimated to
have earned 81 q share in 1881 on sales
Of between S25,000,o and $50, ,000, 600.
Evening star., 1932-01-20
DIVIDENDS DECLARED
NEW YORK, January 20 OP).-

NEW YORK, January 30 LP.-
Extra
Pc Pay HIdrs. of
Imp Tob OF ct Brit +0@oiu'
and Ire Ltd Ord
Reg IS Sd ...,.,
Printing Mach ......s2 :. Jan. is Jan.'i4
Do pf .............s2 :. Jan is jan. Il
Reduced.
Imp Tob Of Ct Brit
end Ire Ltd Ord
Reg ...........8%
Evening star., 1932-01-20

Dividend rates in dollars
nuAl payment. 'Ex dividend.
. Payable in cash or stock.
dividend. fplus ~ In stock
stock. Plus ~ In stock.
stock. n Plus ~ In stock,
Evening star., 1932-01-20

ww-With warrants.
rv-without warrants.
n-Eew.
wi-Mnen iSfled.
Evening star., 1932-01-20
KIGHTS-ExPIRE

u Com Edison Feb L.. "a " Ia Ia
IA Pub SYe n II Feb 2h IL II. 1a
Evening star., 1932-01-20
STOCK AND BOND AVERAGES
STOCKS.

By the Associated Press.
From Yesterdays $50 Edition.
Evening star., 1932-01-20

based on last quarterly OF seai-xn-
tPArtls extra. tPlus ~ in stock.
Payable In stock. Adjustment
Plus 81 in stock. h Plus ls. in
{ Plus i0N In stock. m Plus ~ In
, Paid last ysar-no regular rate.
Evening star., 1932-01-20
BONDS.

Copyright, 1882. Standard Statistics co..
The Washington times., 1932-07-29

JUST LIKE A CLOUS is a
beautiful evening frock done in
soft gray chiffon. 1t achieves
color contrast by way of a lei OF
yellow organdie flowers.
The Washington times., 1932-07-29
An Unusual Romance Of
Life Back-Stase

taxes are something fierce. We
don't have to worry about
those anyway" she laughed.
Unnoticed, Lottie had come
from the floor above. Without
a word she crowded between
father and daughter sitting on
the steps, using battered suit
case to make the opening wedge.
Pa got up quickly, with a pleas
ant greeting.
Good evening, Lottie!"
Good evening, Mr.. McClune,"
Lottie emphasized the Mister
very haughtily. Ignoring Blon-
die she passed on down the
stairway.
Blonde watched Lottie de.
scend to the entrance of the
tenement. There Lottie pulled
over in the shadow of the door
way, and fumbled with her
blouse.
I'm kinda scared about Lot
tie," whispered Blonde to her
father.
"Why?" whispered back Pa.
"She's kinda beginning to
look around among the ginks-
you know. Pa" came softly
from Blonde.
The Signal
A little whistle came up from
the entrance. Quickly Blonde
stood up beside her father, gave
him swift kiss. and gently
pushed him toward the Nc
Clune door. Pa smiled know
inkly and Blonde ran down.
stairs.
AS she approached the watt
ing girl, Blondes eyes mar
rowed. What was this? she
thought, but she said nothing.
I'm going away" Lottie could
not meet Blondes gaze.
Il thought you were up to
something - where?" Blondes
voice was hard.
II told you" Lottie was still
staring at the drab wall of the
entrance. "A career. I thought
I'd like to say-good-by. l guess
you don't understand me and I
don't understand you, anymore.
Blonde could hardly believe
her ears, and she was fright
ened. Lottie going away?
Where? What would happen
to her?
You're just a fool, Lottie."
"Good-by. kid" There
was a catch in Lottie's voice as
she moved away.
Blonde was frantic. She
didn't know what to do. Lottie
her pal-going. She cried
out:
"Lottie! Come here, Mug!-
Don't go! I got a hunch about
it, Lottie-you shouldn't" -
1--WE been planning to get
out of this dump for months,
I have" Lottie interrupted as
though she had expected just
this.
We'll. it's wrong. I know it's
The Washington times., 1932-07-29

shoulder. Impulsively Lottie
dropped her suitcase. whirled
and threw her arms around
Blondes neck. They kissed.
Lottie quickly pushed Blonde
away, picked up her bag, and
almost ran out the door.
"Good-by, Mug-take care Of
yourself!" There were tears in
Blondes voice as we'll as her
eyes as she called after Lottie.
Il will" Lottie's voice floated
back to Blonde, but the depart
ing girl never turned around.
She, too, was crying.
Blonde walked slowly over to
the tenement entrance, her
tearfilled eyes following Lottie
as she crossed the street. She
watched intently as Lottie
approached the flashy roadster,
carefully parked some distance
from the ten IN ent house.
Blondes heart ached as Green
baum spied Lottie and gave her
a flourishing greeting. There
was a perceptible catch in
Blondes throat as the car door
swung open and Lottie stepped
in. The world seemed to
collapse around Blonde as the
car dashed away with a roar
Of the exhaust. Lottie was gone
and Blonde was alone!
Continued Tomorrow
The Washington times., 1932-07-29
"WILD CARGO"

principal inhabitants OF Min
danao, the headman was a Mo-
hammedan. But it is a far
cry from the Near Eastern cen
ters of the Islam faith to these
remote islanders who, many
generations age, we're converted
by Mohammedan missionaries
from the most primitive kind
of savages into true belieV-
ers." 1t is not surprising then
that they sometimes mix their
Mohammedanism with a little
paganism. In the case of the
old dato this confusion of Al
lah's guidance with original ra'
ciaI savagery well-nigh took
the form of animal worship.
The mans love for his great
snake was touching. He ex-
planned to me that many years
back, when it was only about
half its present length and he
could safely let it roam the
CONTINUED on 2nd Comic Poge)
The Washington times., 1932-07-29

Midsummer it is, but never
theless it is time to consider
winter coats. For the August
selling of coats has begun. Some
stores have sales, others just
show coats earlier, both fur and
cloth coats. And this year there
is even more reason to buy
coats in August than ever be-
fore. We've had the reason for
some time that the best furS are
used on the first coats, SO that
for a fine set of furs at a low
price, We bought early. This
year there is the additional
reason that the Government tax
has gone onto furs, and some of
the stores managed to get their
furs for both fur coats and
cloth coats early, before the tax
went on, so are able to give us
more for our money than they
will be able to later.
Black Leads Again
So we will run over the fash
ion points of fall coats very
hastily today, then take them
up in more detail in later arti-
cleS. Every woman wants to
know a few things about fash
ions in general before she goes
downtown to look at coats.
First comes the question of
color. Everyone agrees that
black will again be the most
popular, that brown will be
next, good becoming neutral
The Washington times., 1932-07-29
Advice to the
LoveIorn
BY BEATRICE FAIRFAX

Brothers Crowd Are Peters
Dear Miss Fairfax:
My brother had been talking
about me so much to his croWc|
that the girls decided to make
a party and invite me, just to
see what 1 was like. While at
the party the boys wanted to
pet and kiss me. I didn't let
them, for that isn't my idea
of a good time. My brother
gave me a dirty look. After
that we began to sing and
dance, which is more my 1deF
of good time, while som!
of the extra dumb ones necked
and kissed. Since then I have
not been invited by his crowd
to any more of their parties.
He doesn't seem to care. They're
good enough, and I like them
and would like to be one OF
them, but don't want to change
my ideas of a good time to
suit theirs.
BASHFUL.
There are plenty of young
people who, like yourself, do
not think immediate ana pro
miscuous petting is necessary
to a good time. One such girl
wrote me this morning and
said, "to begin petting any Jane
or Jimmie the moment you
start out, proves you're even
too dumb to talk"
Sooner or later, you're bound
to meet boys and girls who
have your ideas of good
time. Till then you're quite
right to be discriminating. Wait
till the right one comes along
and you'll be happier that you
haven't been too free with your
faVors.