davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
TWO PROPOSALS EVOLVED.
Britain and Italy Back One Plan as
France Advances Another.
BY PAUL SCOTT MowRFP

PARIS, France, January 18.-The
reparations tangle now appears to be
complete. Whether the Lausanne con-
ference will even be held is an open
question.
German Chancellor Heinrich Bruen-
ing'S declaration that Germany will
never again be able to resume repara-
tons payments has been formally con-
veyed to Paris. London and Rome by
the German Ambassadors in those
capitals.
French Premier Pierre Laval has in
formed American Ambassador Walter
Z. Edge that France will be unable to
extend the German moratorium beyond
June 80 unless the United States stimuli
taneously agrees to extension of the
moratorium on war debts.
Italy proposes that the Europeans get
together and form common front to
present to the United States a plan
draStlcally cutting or even cancelling
war debts and reparstions.
Two Proposals Evolved.
Great Britain and italy seem to
agree that nonpayment of reparationS
by Germany automatically entails non
payment of war debts to the United
States. France doubts this, or pre-
tends to, and processes itself as I'M
willing to take the risk. Great Britain
and Italy have evolved one proposal
and France has evolved another.
Despite weeks of almost constant eff
fort and despite an increasing amount
of good will on both sides, London and
Paris are still at odds. The British
Italian proposal Is to extend the Ger
man moratorium by one year from
June 80 and trust to the United States
to grant a similar moratorium on war
debts and then after the German
French and American elections and at
the end Of the disarmament confer
enee, but before the expiration OF the
moratorium. to hold a new PREPARATIONS
and war debts conference to make
new final" settlement.
The French plan is to extend the
German moratorium by two years from
June l on the conditional part of the
Young annuity and at the same time
to issue bonds on the German railway
system In an amount SUFFICIENT to pro-
vide an annual interest payment equal
to the unconditional Young annuity Of
$50, 900 900 marks (S157, 080 000), but
postponing the first interest payment
until June /, 1884.
Great Britain and Italy. the former
holding % per cent and the latter
10 per cent share in reparationS, do
not like the French plan because, they
say, 1t prolongs the uncertainty.
(Copyright, 1922
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
BURNET SEES TAX
GAINS FROM BEER
Would Show Substantial In
crease in Revenues, Com
mission Testifies.
BY the Associated Press.


David Burnet. Commissioner Of In
ternal Revenue, today declined to pre-
dict whether Equalization Of beer would
increase consumption over preprohibi-
ton days, but said beer taxes would
show Substantial increase" in reve-
nues.
Called before the Senate Manufac-
lures Subcommittee to testify on the
Bingham per cent beer measure, the
revenue official was asked by Chairman
Metcaf If passage Of the bill would in
crease beer consumption by one-fourth
because of the prohibition of hard
liquor?
IT have no crystal ball in which to
gaze" Burnet replied.
Senator Bingham, Republican, OF
Connecticut, author of the beer bill,
read from Prohibition Bureau figures
showing $4,000, 900 barrels of unlawful
beer were made in 1880 and said only
500 in taxes was collected.
This compares with 81 ,000,0 900 barrels
Of legal beer In 1919, when Silt, 100000
in taxes was collected he added.
Sees Substantial Increase.
Bingham said the tax on the $4,000
600 barrels at Sc barrel would have
produced $l32,000,000, and asked If le-
galization now would not bring an in
crease IN revenues over pre-prOnlDlIIon
figures.
Il believe there would substantial
increase" Burnet replied.
Representative Dyer, Republican, OF
Missouri, testified that States refused
to enforce the dry law because the
people regarded the definition Of in
toxicants as unscientiflc and dishonest
Referring to the present limitation
of one-halt of l per cent alcoholic con-
tent. the Missourian said every man
and woman knows 1t is neither scien-
tific nor honest"
Testimony on prohibition legislation
during his many years on the HOUSE
Judiciary Committee, Dyer said, showed
the people would not regard 4 per cent
beer as intoxicating in fact.
Puts Speakeasies at 100000.
Dyer estimated the number of speak
easies in the country at 100000 and
annual consumption of illicit liquors
ct 1000, 900 900 gallons. He said there
were $4,000 corn bootleggers" in the
South.
SIldIltS n. DOoGOll Vi NcW YIN, q
former president of the American Bar
Association, said he regarded the beer
measure as only palliative, but a
palliative which has much merit"
Declaring he represented no interest,
Boston contradicted a statement at
tributed to an unnamed distinguished
ecclesiast" that only the liquor inter-
ests favored the beer bill.
The witness said he had no doubt
legalization of beer would discourage
hard liquor drinking
He added he favored repeal Of the
eighteenth amendment, as it had in
creased violence, spies and contempt for
law and educated the youth of the next
generation to intoxicants"
The stand Of the Bar Association on
prohibition, he said. had been grossly
mtsrepresented" in dry publications.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
JAPANESE MAILED
FIST RETAlIATES
AGAINST CHINESE
Continued From First Page.

Continued From First Page)
hired to dispose of the bodies Of the
dead.
The wounded were taken to japanese
hospitals. Those who recover will be
turned over to the Chinese authorities
for what probably will be certain exc
cution.
The bodies of 90 Chinese dead were
left in village 10 miles west of
Tungliao Reports were received that
1000 Chinese were looting the village
and an infantry company was sent
from Tungliao. Twenty-Five prisoners
were taken in this battle.
At Yingkow a part of a japanese in
fantry regiment stationed there en-
gagged several hundred Chinese. 1t was
here the Japanese officer was killed and
three Japanese soldiers wounded The
Chinese dead was given as "a consid-
cradle number"
A brigade sent to smash the irregu-
lars in the Shinshi district Saturday
returned to Chinchow and reported its
mission completed.
First Of the Chinese war lords to ar
rive for the conference on the forma-
ton of a new state was Chang Hal
Peng who tried and failed to GUST Gen
Ma Chan-Shan from the Tsitsihar be-
fore Gen. Jiro Tamon undertook and
accomplished the task
Chang Ching-Hui, governor at Har-
bin, is expected Wednesday, reliable
sources said.
(Convrisht 1910
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
ZALESKI TO CONFER

Polish Foreign Minister to Go to
Arms Conference.
WARSAW, Poland, January Is tP).--
Toreign Minister zaleski will head the
Folish delegation TO the disarmament
Conference next month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
Strike Forecast After Staying.

SEVILLE, Spain, January Is Pl.-
Jose Sanchez, president of the Shoe
Workers Syndicate, was attacked ana
killed today by persons described as
Communists by authorities. Com
munist and syndicalist circles predicted
a strike would ensue.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18

Continued From First Page)
Germany's creditors at Lausanne would
lay the whole problem on WaShington's
doorstep by explaining to the German
delegation that they are willing to ex-
tend reparattons moratorium if the
United States will approve war debts
holiday.
TWO PROPOSALS EVOLVED
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
NEW STATE MAY BE SET UP.

PEIPING, China, January 10 (P).-
Chinese press reports today said an
independent republic, including the
provinces of Fengtien, Kirin and Hell
iunggiang is 70 be set up in Manchuria
G on February the Chinese New Year
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
Toronto Plant Robbed.

TORONTO, January Is (P).-Three
men held up employees of the Canada
Bread Co. local plant yesterday and es-
capped with about $1,000 from the ofics
safe.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
Will Tax Bell-Ringing Churches,
Assails Wet Attitude.

FERROL, Spain, January 10 H1.--
The City Council has decided to tax
churches that rtSg bells and TO restrict
the hours OF IN bell ringing so that
sleepers may mol be disturbed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-01-18
LAUSANNE TO OMIT
WAR DEBTS ISSUE,
LONDON PREDICTS

Continued From First Page.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
CURB SHARES DROP
IN HEAVY SELLING
Pressure on Market In.
creases on UnfavorabIe
Dividend News.
BY JOHN A. CRONE.

NEW YORK, May ga series of
unfavorable dividend actions, along with
adverse trade reports and further out
flow of gold, increased the pressure on
stocks in the Curb Exchange session to-
day. Prices declined from the opening
gong, quickening their descent as offer
ings increased.
Cities Service at IL was down two
points and at a new low level Arkansas
Natural Gas common was steady, but
the A shares at y were at new low.
Electric Bond g. Share rallied after 60
ing shade lower in early dealings.
Standard Oil of Indiana dipped a but
later regained this loss.
The omission of dividends on 10
stocks of the Cities Service Co. and its
subsidiaries unquestionably was the most
important single market influence. The
stocks affected were Cities Service COM
mon, preferred, BIB preferred and B
preferred, Cities Service Power & Light
6 and per cent preferred, Empire Gas
& Fuel 6, 6l2, and per cent prefer
red. Arkansas Natural Gas preferred
and Louisiana Oil & Refining preferred
w. A. Jones, vice president of Cities
Service, said the company had some
bank loans, but none of them pressing.
At the end of April such loans approx
mated $56090,000 against cash on
hand of $28C00,000. The only other
immediate maturity is s35,000,000 of
Toledo Light g. Power debentures, due
December /. The next earlier maturity
is in 1887. Earnings in 1882, especially
from the oil properties, should be bet
ter than in 1881.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
BANK MEETS NEEDS.
Massachusetts Institution Making Loans
to Members
Special Dispatch to The Star.

Special Dispatch to The Star.
BOSTON, May 27-The Central Co.
operative Bank, which Is the central
bank in Massachusetts for cooperative
banks, usually referred to in New York
as savings banks or building and loan
associations, was said by officials to be
meeting the needs for which it was
organized March 10, 1882, as a result
OF an act of the last Legislature.
similar IN many ways to the savings
ana loan bank of the State of New
YORK the Central Cooperative Bank
makes membership of all MaSsachu-
sets cooperative banks compulsory.
As result of meetings of the Exec
utlve Committee and directors" said
II. r. Taylor, Jr., president of the Gen.
tral Cooperative Bank, as member
cooperative banks have been assisted
by loans from the Central Bank.
These loans, in all instances, are un-
secured up to the amount of money de-
posted with the Central Cooperative
Bank by the borrowing banks in re-
spouse to calls for assessments. Where
the amount borrowed has been in ex-
cess of the amount deposited with the
Central Bank by the borrowing mem-
Der, such loans have been amply Sc
cured by collateral
Loans made to member banks BY
the Central institution to date total 81
7,498.54. The total paid in by mem-
Der banks as result of two calls to
date (this bank assesses every Cooper
alive bank in the State instead of Sell.
ing bonds to provide funds as does the
savings and loan bank In New York; Is
S3,570,374.90. The rate of interest paid
by the borrowing banks at the present
time for loans from the Central Bank
is 5la per cent" Nv
Copyright. 1922
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
URGED|
AS BUSINESS AID
Bradstreet Official Advises
Intensive Efforts to Pro-
mote Trade Revival.

Special Dispatch to The Star.
NEW BRITAIN, Conn, May 28.-Too
many business executives are carrying
their program of curtailment and re-
trenchment to unjustified and danger
GUS limits, E. B. Moran, executive sales
manager of the Bradstreet Co., told the
annual conference of the Connecticut
State Credit Mems Association.
Mr.. Moran declared that instead Of
curtailing advertising appropriations
and cutting sales forces, they should be
increasing or at least maintaining ad-
vertising expenditures and putting on
additional statesmen to meet present-day
conditions.
HOarded Money.
more advertising" he said, "scienti-
fically prepared and intelligently placed,
backed by more intensive sales effort,
combined with confidence in Americas
business and courage to uphold quality,
will succeed on more permanent basis
than business sought on the shifting
sands of price competition.
1T is Bradstreets opinion that there
Is still 100000, 900 boarded, which has
been withdrawn from industrial opera
tons and circulation. There are more
dollars out of work by hundred to one
than there are unemployed hands. If
as result of concentrated effort OF
business leaders so per cent of the
boarded money were put back into cir
culation, claim that rs per cent of the
unemployed hands would be back at
work within the next 80 days.
"ThOuSQndc nf nIyrch COG hova hpny,
and are being deferred awaiting lower
costs, while unquestionably commodities
are now at rock bottom prices in al
most every line of industry. When the
rebound comes-and basic prices on
some staples have already shown some
advance-the ultra-conservative con-
sumner, retailer and wholesaler will be
shedding tears because he didn't grasp
the present-day opportunity to buy at
an advantage.
You can find vacant stores and
closed plants any year, and there have
been unemployment problems in certain
communities and in certain industries
year IN and year out, depression or nor
NAL times. While we may have 7,213,-
600 unemployed today, there are still
Al 100000 people employed, earning and
spending. Concentrate your sales and
advertising campaigns on them.
In the analysis of the tens Of thou
sands Of financial statements being re-
ceived in Bradstreets Offices every day
we are pleased to find increased earn
ingS on the Fart of many corporations,
both large and small. If l were called
upon to give credit to the present indi-
cations of success that we see in these
statements. I would say that it is mainly
due to more intensive sales effort, and
to advertising
Singing the Blues.
Certainly there are CORPORATION
deficits There were corporations I'M
able to make profit in 1928 and 1929.
Have you ever seen any year, even one
OF prosperity, when you couldn't find
some one singing the blues? True. in
1921 there were 29.O54 commercial fail
/ ures, but don't overlook the fact that
In 1929 there were 2l,8O5; in 1928. %
246, and in 1926, 22,13O."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
DROP IN BANK CLEARING
FIGURES is CONTINUED
BY the Associated Press.

BY the Associated Press.
NEW YORK, May 28-Bank clear
1ngs are again very much below preced-
ing records. The total this week for all
leading cities in the United States, as
reported to Dun's Review, of S4,017,416,-
600 is 48 per cent smaller than a year
ago. At New York City clearings were
S2,636, 124,000, reduction of Sill per
cent, while the total for the cities out
side of New York of 1881 ,292 900 was
Alt per cent smaller.
The greater part of the reduction in
bank clearingS is at the large centers,
where financial settlements predomi-
nate. among them New York, Chicago
and Boston. At Philadelphia, too, clear
1ngs are very much less, but the loss
at that city has been below that re-
corded elsewhere. At these four cities,
where 80 per cent of the total clearings
in the United States are recorded, the
decline this week from a year ago is
in excess of so per cent. The reduc-
ton for the other centers, covering
about 20 per cent of the total, was ap-
proximately 81 per cent
Clearings at leading cities, compiled
by r. G. Dun &, Co., showing decreases,
as compared with same period a year
ago, follow:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
Food Stocks Decline.

NEW YORK, May % Especially
Selling in food shares has resulted from
market. trade and corporate conditions.
Unquestionably much of the selling
represented accounts thrown out of
bank loans. Many holders of food
SHARES, because of their relative stability
until lately. chung to these issues and let
other holdings go. The rise in raw
commodities like wheat means narrowed
profit margins for food product makers.
Then the Summer season always provides
considerable stuff" from the garden,
reducing sales of canned goods.
furthermore, some of the companies
have noted, within the last two months,
sharp declines in tonnage sales as well
as dollar volume, rejecting the lessened
buying power of the public caused by
increased unemployment. Added to
these factors is the belief that some
corporations, even where earnings have
held up relatively well, plan to reduce
dividends and conserve cash resources,
in order to take advantage of present
commodity price levels.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
BONDS ARE LOWER
At SHORT SESSION
High Grade Railroad and
Utilities Issues Are
Sold Freely.
BY F. II. RICHARDSON.

Special Dispatch to The Star.
NEW YORK, May 28.-Bonds moved
sharply lower in active trading today.
AL grades of securities were sacrificed
unfortunately.
Large blocks Of seasoned utility bonds
went without bids during most of the
first hour. Then some small amounts
of high-grade issues such as American
Telephone IS. Consolidated Gas 5l2s,
New York Telephone 4l2s, New York
Steam SIS and Louisville Gas g. Electric
SIS changed hands at prices / to IL
points under Fridays closing levels.
In view OF the fact that utility operat-
ing company bonds are still considered
the safest class of corporation invest
ments, this undoubtedly represented
forced liquidation, either from bank
loans or margin accounts. brought out
by the IL weeks of continuous decline
in both bonds and stocks.
Any one looking for constructive
news could find number of good rea-
sons for picking up sound stocks and
bonds at present prices. Earnings of
United Light & Power, of Electric
Power & Light and of Illinois Central
Railroad were better than expected.
The passage by Congress of a sales
tax in form to yield about 100000
600 annually seemed more assured.
There were evidences that Congress
would pay its entire attention to bal
ancing the budget before turning to
relief measures.
But the market did not seem inter-
ested in this. Except in United States
Government bonds. liquidation was
general and there was an almost utter
lack of bids. Treasury and Liberty is
sues lowered closely around their
previous closing levels, with the best
buying coming into Liberty fourth
414s.
High-grade railroad bonds were sold
without regard to price. Atchison gen.
eral As lost point to new low for
the bear market Norfolk e. Western
Is, Burlington general As and Union
Pacific Is were all lower. Second and
third grade rails extended Fridays de-
cline by l to points. Industrials
Jared similarly.
The foreign list was neglected. Aus
trian Is lost points on a single sale,
but later recovered in part. A mora
torium is now accepted as fact not
only for Austria but for other coun-
tries in Central Europe. German gov
eminent bonds were lower. British
IS were unchanged and about points
under their high of the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
Idle Shipping.
By the Associated Press.

BY the Associated Press.
The worlds idle shipping increased
100000 gross tons during the first quar-
ter of 1892 on the basis of reports to
the Commerce Department.
On April /, the department said, idle
tonnage amounted to approximately
12,536,000 gross tons, as compared with
12,073,000 at the beginning of the year
and with 10,023,000 year ago.
The United States led all other coun-
tries in idle tonnage, with total of g.
$4,000 gross tons, distributed as fol-
lows: Shipping Board vessels, 1885,
600; privately owned, 1,739,000, and
Government other than Shipping
Board, 1000 gross tons. Great Britain
and Ireland combined had totol Of a.
1885, 900 gross tons idle, and Germany
had total of 1857 900 gross tons.
Norway stood fourth on the list. with
idle tonnage of 1,0l400o gross tons, and
France and Italy had 89l 900 and 77l,-
600 gross tons, respectively.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
VIRGINIA WOOL POOL
SELLS 5000 POUNDS
Page County Sheep Growers Partic-
ipate in First Marketing by
Cooperative Method.
Special Dispatch to The Star.

LURAY, Va. May 28.-Eight thou
sand pounds Of wool wes> pooled Sat-
urday by farmers of Page County in the
first wool pool ever held in this county.
About so per cent of the sheep growers
were present and helped to load their
wool after it had been graded. Others
were prevented from shearing by the
wet weather of the preceding week. and
for their benefit a second pool will be
held on June 2.
The farmers received in advance IS
per cent of the price of wool on the
Boston market and will receive the re-
mainder when the wool is sold. The
money was advanced by the Federal
Farm Bureau.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
Markets at a Glance

NEW YORK, May 2s uP.-stocks
irregular; early liquidation checked
Bends easy; utilities heavy. Curb
irregular; Cities Service and Swift issues
weak. Foreign exchanges firm; gold
currencies advance Cotton lower; hol-
day liquidation. Sugar and coffee, holi-
day
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
New York Cotton
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, May 2S-After reach
ing lowest levels of the week. prices on
the Cotton Exchange steadied today
under covering in advance of the holi-
day Monday and the list closed l point
lower than yesterday Favorable weather
predictions over the holiday, with weak
ness in securities, operated against
prices early. but a rally in the stock
market stimulated covering in closing
deals. Spots were unchanged at $50.
Cotton range.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28

DIVIDEND rates in dollars based on las,
G GiuAtLIteiy or seml-annual payment sEx
olyidend Partly extra. tPlus ~ in stock.
q. esyaoie n cash or stock. Payable in
STOCK Adjustment dividend fPlus Sc.
IN stock. gPlus So in stock. h Plus IL
IN s s,oek- Plus 30 in stock. Plus 100.
stock. Paid last year-no regular Tate
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
CHICAGO STOCK MARKET

CHICAGO. May % (R.-Following is
the complete Official list Of transactions
in stocks on the Chicago Stock Ex-
change today:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-05-28
Trade Reports at a Glance.


NEW YORK May 2sTabloid review wholesale and retail
this from the following the basis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-19
BY KENNETH d. FRY
United Press stan Correspondent

CHICAGO, Dec. l9.-There have
been comical happenings on the
football battlefieldS without num-
Der, but herewith is submitted the
champion football comic strip. And
itawas for championship.
For the sake OF the record, let it
be said now that the Chicago Bears
defeated the Portsmouth (Ohiol
Spartans on the indoor gridiron at
the Chicago stadium. Sunday night,
9 to 0, for the national pro league
title. The Bears scored a touchdown
and safety in the final period to
win the title that heretofore had
been considered the property of the
Green Bay Packers.
It was called a football game and
was said to be played on q gridiron.
The playing field was composed
of six inches of dirt and tanbark
spread over the stadium's concrete
floor The field itself was 90 yards
long, 40 yards short of rule book
length.
Players standing on their own goal
lines punted into the other teams
end zone all evening PuntS from
the middle of the field landed in the
mezzanine, balcony and adjacent
territory. One kick knocked the
"bl'' out Of the Black Hawks hockey
sign. Another hit a sour note on
the organist as he was playing.
The organist played Illinois
Loyalty" when Red Grange caught
forward pass for touchdown.