davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-07-10
TRADE ACCEPTANCE
MARKET PLANNED
Bankers and Business Men
Promote New Form of
Credit Extension.
BY BRADLEY w. TRENT.
pecial Dispatch to The Star.

Special Dispatch to The star
NEW YORK, July 9-At conferences
held this week bankers, industrialist:
development of trade acceptances have
branch of the open discount market
here. They rave laid the groundwork
for an actual open market for these
documents, which soon will be issued
by large industrial corporations and
their customers in large numbers.
Though volume in terms of dollars
probably will be small at first, from
the standpoint of banks it Is important
that an open market as wide as pos
sible be created. The establishment OF
an open market for trade bills involves
/. Regular quotations by dealers on
a yield basis similar to rates for
bankers acceptances and regular ar
rangements by banks for financing
dealers
2. Quotation of regular buying rates
for trade bills according to maturity
and quality by the Federal Reserve
Bank
3. Bank Endorsement of trade bills
to make them readily marketable and
eligible for rediscount.
Federal Reserve Policy.
1t is not customary for large banks to
indorse trade acceptances, and there
will doubtless be much argument by the
banks on questions of how far they are
willing to lend their credit. AS to the
quotation of regular buying rates by
the reserve bank and active interven-
ton by the reserve bank in the market,
that Is matter which is conceded to
be assured
1t appears to be the consensus that
bankers acceptance dealers should be-
come active in trade bills. The bankers
bill dealers in some instances are not
keen about it, expressing the belief
that they will not be interested in any
instrument the credit rating of whose
maker or indorser must first be ex-
amined The bankers acceptance
dealer would much perfer that this
promising new business be left to the
commercial paper dealers. This is met
by the prompt rejoinder that some OF
the firms. which in bygone years, were
foremost in the commercial paper busi-
ness now are either extinct or dormant
and that the commercial paper dealing
fraternity has not the capacity to de-
velop actively trade bill business
Doubtless the wishes Of the banks
and the Reserve Bank will rule
eventually and dealers in bankers bills
will add new line of merchandise.
1t should not be overlooked that
there is a market, of sort, for prime
trade acceptances. which are not un-
usual things to encounter in the money
marts. One of the discount houses
this week bought some prime trade ac-
ceptances on a 3% per cent basis and
sold them on per cent basis. This
transaction was made at fair rate
and the rate is particularly interesting
for its bearing upon the scale of rates
which may be established once trade
bill market springs into active function
ing.
Rate Is Higher.
The fact that the 33s per cent rate
was az per cent above the rate for
bankers bills also is interesting. and
gives an indication that trade bills can
be financed on basis not only reason
able from the standpoint Of makers,
but that they can be had by investing
banks at prices to yield more than does
commercial paper.
lcopyriEht, lssz1 ..aI.L
Evening star., 1932-07-10
SHARP DECREASE NOTED
IN BANK SUSPENSIONS
nr the Assoclated Press

b
NEW YORK, July 9.-There was "a
sharp decrease in bank suspensions in
the past week, the total amounting to
"a. as compared with Al in the previous
week. the American Banker reports.
The favorable comparison was due to
the large number of bank closings in
Chicago In the earlier week. Closings
for June numbered las, making 1t one
of the most unfavorable months of the
wear for banking casualties. June last
wear had 1866 suspensions. Reopenings
Tor the year TO date are l4s.
Evening star., 1932-07-10

The data presented in the above, table
should make for = somewhat clearer
understanding and appreciation OF the
SIGNIFICANT role which Is played by the
United Kingdom and its overseas 90
minions, it's colonies ana proIectoraIes
in the realm OF economies ana nnance.
downright, 1882. 5v North american News
paper Alliance. Incl
Evening star., 1932-07-10
Richmond Is First
In Postal Receipt
Increase for June
Special Dispatch to The Star.

OpttIdI DISpdILII 20 Ilt SUIT
RICHMOND. Va. July 9-Richmond
during the month of June led so Of the
larger cities of the country in the per-
centage of increase of its postal receipts,
as shown by an official statement from
the Post ONCE Department in Wash
ington, which expressed some curiosity
as to the cause of this increase.
Postmaster Berkley Williams ex-
planned it by stating that it indicated
better business conditions here.
Evening star., 1932-07-10
Federal Reserve Ratio.
BY The Associated Press.

BY the Associated Press.
The ratio of total reserves of the IL
Reserve banks to deposit and Federal
Reserve note liabilities combined con-
tinued to decline during the week end
ing July 6. In the table that follows
the ration is given for comparable
weeks, as announced by the Reserve
Board:
Week ending July 8 49,. 56-3 per cent
Evening star., 1932-07-10
MUNICIPAL FINANCING.

NEW YORK, July (Pl.-Municipal
and state financing scheduled for next
Bond Buyer reports. This compares
with s6.69l ,e75 in the past week.
Evening star., 1932-07-10
Exchange Seat at SIS. 600.

NEW YORK, July [P).--Arrange-
ments were made yesterday for the sale
of New York Stock Exchange mem-
bership at s76,0 900. decrease Of $4,000
from the previous sale. !.
Evening star., 1932-07-10

w. w. SRAiD,
Partner in w. B. Hibbs g. Co., has been
named by President c. H. Pope Of the
District Bankers Association as chair
man of the organizations newest COM
mittee, that of public relations. The
American Bankers Association has had
such a committee for years. AS the
name indicates the work OF the new
committee will be to help keep banking
information before the public, naturally
in a manner that will reflect favorably
on the banks and convince the public
that bankers are doing everything pos
sible to aid business recovery.
Mr.. Spaid is former president Of
the local bankers association, has served
on all the organizations important COM
mittees and was active in banking be-
fore entering the brokerage field. He
is in close touch with the association S
work. being member of the council
of administration.
The Daily Alaska empire., 1932-03-30
Marine News
Steamer Movements NORTHROUNn

e Princess Norah scheduled to ss
 arrive Thursday afternoon s . UT evening. .
 . Norco due to arrive Saturday . Q morning. . . Admiral Evans due to arrive . . Saturday . . SCHEDULED SATLINGS 9 . Alaska scheduled to sail from e 9 Seattle, April ? at 9 a. m. c . Northland scheduled to sail . Q from Seattle, April 4 at g . . p. m. . Admiral Rogers scheduled to . . sail from Seattle, April 5 . c at 10 a. m. 3 SOUTHBOUND SAILINGS . Q Northwestern scheduled south Q 3 bound Thursday afternoon . Q at 5:30 o'clock. .
 3 Yukon scheduled southbound . D about April 4. . , LOCAL SAILNGS .
 3 Estebeth leaves every Thurs .
 . day night at p. m., for c
 , Sitka and way ports.
 3 Pacific leaves every Thursday .
 !, at 10 a. m., for Petersburg, Q . Rake and way ports. c . sTe Q ss se .
The Daily Alaska empire., 1932-03-30
.zAPORA'S TRIP
 FROM SEATTLE
 IS UNEvENTFUL
Motorship Will Be Chart cred by Fisheries
 Late Tn May

Reporting an uneventful voyage north the motorsllip zapora, Capt. Neil H. Curry nd Purser Harold E. Mattson, arrived in Juneau at ? o'clock this morning from Se- attle. She sailed at noon on her return voyage to the Puget Sound metropolis
 The vessel transacted a good waypocst business. She brought a light cargo and three passengers to this city.
 Incoming Passengers
 Passengers were Charles West, Seattie-J Juneau round-tripi traveler, and John Thompson and J. A. Peterson from Hyder.
 The zapora is expected to make at least two and possibly three more voyages between Seattle and Juneau before she goes under char ter to the international Fisheries Commission.
 She will be in the service of the Fisheries Commission from May 16 to June 1 for scientific work in Hecate Strait. While en- gagged in this work she will carry two scientists and crew of five.
 At the conclusion of this char ter, she will resume her con- mercial operations between Seat- tie and Juneau.
The Daily Alaska empire., 1932-03-30
JUNEAU BROCK
 SHOPPE Exclusive but not Expensive" Coats, Dresses, Lingerie Hosiery and Hats
FOOTBALL STAR OF 1896 W SAYS HE CAN STILL PLAY

ALAAIA, Ga, March 30.-What William B. Kent rises to ask, is a matter of 35 years to a good foot ball player?
 Kent was a member of the Geor- gia eleven of 1896, captain of the Bulldogs in '97 and in '98 lobbied against a bill passed by the legis- : lature prohibiting football in Geor- gia.
 He helped get the Governor to veto the bill, he said, which was passed after player had been killed during a game.
 T am in fine shape now and can play real good game right now, :" Kent declared. T weigh PA pounds and can run 100 yards about as quick as any man in town"
 Kent says he still loves the game } and his son is on his way to be- coming better football player" than his dad.
The Daily Alaska empire., 1932-03-30
ADMIRAL EVANS
 ON WAY NORTH

SEATTLE, March 3e. - Steamer Admiral Evans sailed for Southeast and Southwest Alaska ports at 10 o'clock this morning with 72 first class passengers and 55 steerage
 Passengers aboard the steamer booked for Juneau are R. J. Lawry and wife, Pete Larson, Conrad Puhr, o. E. Gordon.
The Daily Alaska empire., 1932-03-30
MISCELLANEOUS

CREDIT and installment accoun
 customers who are acceptable ma, open an account at our store
 The Cash Bazaar, the largest DE
 APARTMENT STORE IN ALASKA PIANOS, Radios, Sewing Machines Monographs, Expert Piano Tun- ing Radio and photograph re- pairing. Anderson's Music Shoppe
The Daily Alaska empire., 1932-03-30
HALIBUTER SELLS
 CATCH FOR 9 TO 13

SEATTLE, March 30-One vessel arrived here yesterday with 1000 pounds of halibut and sold for 91z to 13 cents a pound.
The Daily Alaska empire., 1932-03-30

Joseph Single, mining engineer of Dawson, returned there recent ly from trip to the States, his first in 34 years.
The Daily Alaska empire., 1932-03-30
REGISTRATION OF VOTERS


 Registration Bvok for Registra- ton of Voters. General Municipal Election to be held Tuesday, April 5, 1892, will be opened Tuesday, March 1, 1892, and remain open until Saturday evening, April 2, 1892.
 American citizenship. twenty-one years of age, bona fide resident Territory of Alaska for one year, and the Town of Juneau, Alaska, continuously for six months im- mediately preceding said date Of election are the qualifications re- qllired.
 H. R. SHEPARD,
 City Clerk. First publication, Feb. IT, 1882. Last publication, Aprib l, 1e32.
The Daily Alaska empire., 1932-03-30

FOR sALE-Boarding House, suit ably located. For further infolma- tion see B. M Behrends Bank sor call 63 Douglas.
The Daily Alaska empire., 1932-03-30

FOR SALE = Attractive building lots, patented ground, reasonable for cash, within three miles o, Juneau on Glacier Highway. Ad- dress 1884 in care of Empire.
The Daily Alaska empire., 1932-03-30

FOR SALE - Six-room m odern house; 10-room modern house Phone 54O4.
The Daily Alaska empire., 1932-03-30

FOR SALE-Will sell cheap fol cash one IS horsepower Caille outboard motor and twenty four foot flat bottom river boat. BotE in good condition. Apply Arctic Cigar Store.
The Daily Alaska empire., 1932-03-30
ReDR Eq7 !. sFfAS6 { g |I ] '{Aly[::

FOR SALE = Two-story building
 48x56 it., Ia rooms; also restau- rant. Cash or easy terms. Address P. o. Box 236, Wrangall, Alaska
The Daily Alaska empire., 1932-03-30

FOR RENT Furnished steam heated single apartment. Mac Kinnon Apartments.
The Daily Alaska empire., 1932-03-30
UNDERSEA CANYON OF HUDSON RIVER
 NOW GUIDES SHIPS

NEW YORK, March 30. = The Grand Canyon of the Hudson, , once rivaling in scenic grandeur the Grand Canyon of Arizona, now is only a submerged guide to mar iners, 50 miles off New York liar bor. f.s
 The canyon, three miles wide, 1000 feet deep and 20 miles long, was carved out by the Hudson river millions of years ago before the Atlantic coast sank to it's pres ent level. Now it lies on the ocean bottom, its existence and contours known only by sound ings of the U. $. Coast and geo. detic survey.
 It is valuable ''land-mark" for ships, however, though no sail or has ever seen it. Its contours have been charted in such detail that a navigator can tell from the soundings when the ship is over the canyon, thus locating it's position in fog or stormy weather when ether guides to navigation have been obliterated.
 Claude Denny, formerly of the Fairbanks and of the FortymDe country died of tuberculosis at Phoenix. Arizona. Some years ago when mail carrier at Forftymile, he was kicked by a mule, his jaw and several ribs being broken. One of the broken ribs pentrated his left lung, and to this injury he attributed his later condition of tuberculosis.
The Daily Alaska empire., 1932-03-30

FOR RENT = Steam heated furn-
 ished apartment. Bishop Apts.
The Daily Alaska empire., 1932-03-30

FOR RENT-Space formerly occu- pied by Cable Office. Steam heat ed. Telephone 412.
The Daily Alaska empire., 1932-03-30
Sell fleater-or Find TwoSeater"U the Want Ads
D. 3. DEPARTndENT OF AGRICULTURE WEATHER BUREAU
Tue " eather
LOCAL DATA
By tho Q. s. yweatner surea,

 Forecast for and vicinity beginning at Rain tonight and Thursday moderate southeast winds.
 -IfafNhI I-anar
The Daily Alaska empire., 1932-03-30

PILING-For dock or trap pilings write Oscar Weston, Hoonah, AL aska.
The Daily Alaska empire., 1932-03-30

FOR RENT-Three room furnished apartm Il t, also housekeeping room fully furnished. Apply Chan nel Apts., 9th and Main or tele- phone 436
The Daily Alaska empire., 1932-03-30


 The pressure the Gulf ter of 2900 inches located about three hundred miles south pressure sland with of Generally the whole of Alaska from the Gulf coast noward Precipitation has the Aleuians tenperaure is in Northwestern Aa.ka little elsewhere.
The Daily Alaska empire., 1932-03-30

OR RENT-OcciaenJa Annex Din ing Room and sleeping rooms Very suitable for roomers and boarders. Apply Mrs. Palmer, Oc- cidental Hotel
The Daily Alaska empire., 1932-03-30

VIEW APARTMENTS ano cabins, newly finished, complete ly furnished. also water anc lights. Bargain rent. Close in.
The Daily Alaska empire., 1932-03-30

Barometer Tenpl Humidity wind
Evening star., 1932-09-13

Court q petition asking Z review.
The Central Bank and Trust Co.,
with sic, ,000, 900 on deposit and ap-
proximately $4,000 depositors, closed
its doors November 10, 1880. On Oc-
tober 10, 1880. Davis and two directors
certified to q report on the condition OF
the company on September ~. 1880.
filing 1t with the State banking ofdcials
and publishing 1t In . daily paper. He
and the two directors were indicted
and he on. conviction was sentenced to
from five to seven years IN the State
penitentiary. The conviction was ap-
proved by the North Carolina Supreme
Court.
Davis would have the sentence set
aside by the highest court on the
ground that the statute under which
he was convicted was invalid as con-
strued by the State courts.
Evening star., 1932-09-13
ADMIR-. De GRASSES
MEMORY HONORED
U. S. and France Celebrate cloth
Birthday Anniversary Of
War Hero.

The 210th anniversary of the birth
of Admiral Francois Joseph Paul de
Grasse the Frenchman who aided in
winning American independence. Is be-
ing observed today in the United States
and France
A special program has been arranged
for nationwide broadcasting this az
ternoon, over the network Of the Ma
tional Broadcasting Co. The program
will be marked by speeches by Repre-
sentative Sol Bloom, associate director
of the United States Bicentennial Com
mission. and by Jules Henry, charge
d'affaires ad-interim of the French EN-
bassy
De Grasse entered the French navy
at 49, and in 1881 was given the rank
OF admiral and sent with fleet to
cooperate with the land forces in the
American Colonies.
He stretched his fleet across Chesa-
peake Bay and when the British fleet,
under Admiral Graves, arrived to aid
CORVALLIS, they found the way blocked.
De Grasse sailed out to meet them and
kept them so thoroughly occupied that,
not only were they unable to aid their
land forces, but French re-enforcements
under de Barras were able to sail in,
bearing train of seige artillery.
Evening star., 1932-09-13
ALEXANDRIA BUS
! REROUT|NG. URGED
C. of c. Committee Proposes
/ Transfer From King to
!, Prince Street.
Dr. STAFF Correspondent Of The Star.

d. Stan Correspondent OF The Star.
ALEXANDRIA, Va, September 13.-
The routing Of all eastbound busses of
King street from Fayette or Henry
streets over Prince street to Pitt, Royal
or Fairfax streets, and the restriction
of automobile parking to the south side
of King street under me.hour parking
limit were two of approximately Is rec
concentrations submitted by the Public
Works Committee of the Alexandria
Chamber of Commerce last night for
the solution of AleXandrias trafhc
problems.
The committees entire traffic report.
which includes the Is recommendations
was approved by the membership of the
local chamber at meeting dast night.
Other Recommendation.
Among the other recommendations
were the installation Of traf6c lights on
Washington street from Montgomery to
Franklin streets for the safety of cross
section travel; the restriction of auto
mobile parking to one side of Alfred
and Patrick streets from Queen to Wolfe
streets; the banning of all except local
buses from King street west Of Royal
tn Fayette. and the erection of stop
sign instead of the present traffic light
at Mount Vernon and washington
avenues
City Council was urged by the COM
,mittee to take definite stand Of mon
interference" from the outside in re-
5gard to policing Of the Washington
street section of the Mount Vernon
Memorial Highway. Unless such a
ington street formerly within the old
boundaries, as well as the annexed sec
tion, will be under the complete super
,kvision Of the United States Park Police, 3"
Ethe report states.
The acquisition Of that portion Of the
abandoned electric railway roadbed
Afrom Temple station to Hume station
ifor future use as a highway, the open
;ing of street at the foot Of the George
Washington Masonic Memorial from
Russell road to Duke street and the re-
routing CT west-south traffic over Peytor
or West streets to Duke street are
among other recommendations made
by the committee.
Utility Center Backed.
Dan S. Hollenga, business manager,
reported that the proposed industrial
utility center being sponsored by the
chamber had been Endorsed by all utll-
ity organizations of the city. The plant
will cost a little over $l,000000, Mr..
Hollenga said
AS a solution to the unsettled prob
lem of illumination of the section CT the
Mount Vernon Memorial Highway with
in Alexandria, the business manager
recommended that the Park and Plan
ming Commission discontinue one-haf
of the present lights on the highway
proper and use this equipment on the
part CT the roadway within Alexandria.
Evening star., 1932-09-13
TEACHERS APPROVE
j SALARY REDUCTIONS
Resolution of Montgomery Group
Yesterday Urges Economy in
instruction Work.
Special Dispatch to The Star.

Special Dispatch to The Star.
ROCKVILLE, Md. September 13.-
After Edwin w. Broome, county super
intendent of schools, had explained the
conditions which forced the County
Board of Education to adopt a re-
trenchment policy, affecting somewhat
the salaries of the public school teach
ers Of the county, the Montgomery
County Teachers Association yesterday
unanimously adopted a resolution ac-
cepting the present budgetary ar
rangement of the educational board and
recommending to the teachers Of the
county that they use the greatest econ
omy in their work.
The County Board of Education re-
Gently tentatively adopted a salary
schedule for the school year about to
start which means reduction of $50
a year in the salaries of the elementary
teachers and S100 year in the SAL
aries Of the high school teachers as
compared with what they received last
year.
Evening star., 1932-09-13
MAIL CARRIER FREED
ON TRAFFIC CHARGES
Hyattsville Substitute Postman
Held Technically Guilty
by Police Judge.

BY stan Correspondent Of The Star.
EDMONSTON. Md, September 13-
George Page, substitute mail carrier Of
the Hyattsville Post Office, who was ar
rested several days ago by Town Police
man Samuel Smith OF Edmonston,
charged with operating an automobile
without a registration card and i'm
proper markers. was freed yesterday by
Judge ]. Chew Sheriff in the County
Police Court here.
In announcing his decision, Judge
Sheriff said that Page appeared tech
nically guilty, but as he was carrying
the mail when arrested, he believed
him entitled TO more than usual cen
siders ton.
Page said he was using the car only
until repairs on his own had been
copapleAed.
Evening star., 1932-09-13

by which he Is entitled to pay at ths
rate Of cents per mile for the use Of
his private automobile while travelling
on ofncial business and that McCarl has
disregarded the contract and refused to
order payment of the sums submitted
for three trips from Casey's Station at
Bridgewater. Va. McCarl has also an
nounced his intention not to approve
similar accounts Notwithstanding the
contract, the petitioner says.
Evening star., 1932-09-13

serving . term in int the Indiana STATE
Prison at Michigan City for larceny, the
authorities said. told them he sold the
Trtesdale brothers some liquor the
night the couple disappeared, May 30,
1880.
Loren, In o confession he has re-
pudiated. was quoted rs saying he
killed Earl and Miss Woods after
drinking . pint Of liquor. The bodies
of his brother and Miss Woods. bat
tered and weighted down with stones.
stone quarry some time after the
staying.
Evening star., 1932-09-13
CONVICTED BANKER
FlLESAPPEAL HERE
Asheville Man Personally Ask
Supreme Court for Review on
False Statement Charge.

BY the Associated Press.
Wallace B. Davis of Asheville. N. c.,
who, as president Of the Central Bank
and Trust Co. was convicted there OF
having certified to false statement OF
the condition Of the company, yester-
day personally fled with the Supreme
Evening star., 1932-09-13
CLAIM MAN SLEW
BROTHER AND GIRL
Police Report Fresh Evidence
Against Truesdale From
Indiana Prisoner.

BY the Associated Press.
LIMA. Ohio. September, 13.-Lima
police said last night they had obtained
information supporting their charge
that Loren Truesdale, 81, was involved
in the staying Of his brother, Earl, 20
and Miss Thelma Woods, 10.
Evening star., 1932-09-13
FOREST EMPL0YE SUES
ON McCARL DECISION
Holds Controller Ignores Contract
for 5 Cents Fer Mile Travelled
in Private Automobile.

District Supreme Court Justice Jen-
nings Bailey yesterday cited J. Ray
mond McCarl. controller general, to
show cause October why a writ of
mandamus should not be granted
against him to compel the certification
of the accounts Of Arthur Casey, a
forest supervisor Of Harrisonburg, Va.
Casey told the court through Attorney
Herbert 8. Ward that he has q contract
Evening star., 1932-09-13
Injured Officer Recovering.

HYATTSVuLE, Md, September 10
(SpectaD .-Corpl. G. A. Wollenburg OF
the State police force, who suffered a
returned to his home here from the
Maryland General Hospital. in Balti.
more
Evening star., 1932-09-13

Production and exports OF Argentina q
leading crops. wheat, hnseed and corn,
last year were much greater than In
Evening star., 1932-09-13
Robot Teaches Golf Strokes.

A the-slot robot has been de-
<ised Ehich teaches golf strokes BY
making nothing but perfect swings
Evening star., 1932-09-13
POPE's AIDE sUCCUMBS
Luis Joseph Rivet Was Secret
Chamberlain of PontiH.

ROME, September Is @.-Luis Jo-
seph Rivet, secret chamberlain to Pope
Plus XI and grand master OF the
Knights of the Holy Sepulchre Of Can
ada. died Saturday at his home IN
Rome.
The Pope sent him his special bless
ing lust before death. Funeral services
were held in the Church Of Santa
Maria in Trastevere in Rome at 8 am.
today Many church notables attended
the services.
Evening star., 1932-09-13

II people are of the right kind, any
form Of government should work.