davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
SCORES GUARANTY
OF BANK DEPOSITS
Savings Bank President Says
Plan Has Proved Failure
in Past.
Special Dispatch to The Star.

NEW YORK, December 3.-Attempts
by various States to operate by law
plans for the guaranty Of bank deposits
have failed in every instance, it is shown
IN a record of the movement presented
by Philip A. Benson, president of the
Dime Savings Bank Of New York City,
in the American Bankers Association
journal.
The guaranty of bank deposits is
no new proposition" Mr.. Benson says.
giving the following summary Of the
experience Of eight States in which
bank deposit guaranty had been at
tempted, and in all of which 1t failed:
Points to Results.
"Oklahoma-Enacted in 1907, inopera-
tive In 1921 due to the funds being
practically insolvent, repealed in 1928,
deficit being between 100000 and
So, 000, 900.
"Kansas-Enacted in 1909, repealed
in 1929; deficit, 100000.
"Texas-Enacted in 1909, repealed In
1927; deficit, $16,000,000.
"Nebraska-Enacted in 1909, repealed
In 1890; deficit, $20,000,000.
"Mississippi-Enacted in 1914, sus-
pended in 1880, due to deficit of 5000
900 to 100000.
South Dakota-Enacted in 1915. re-
pealed in 1925, reinstated by referendum
in 1925, amended IN 1927; deficit,
$32, 100000
North Dakota-Enacted in 1917, re-
pealed in 1929; deficit, s14,000,000.
ashington-Enacted in 1917, volun-
tarily Cancelled when Scandinavian
Bank in Seattle failed with deposits of
$4,000, 900, repealed in 1929"
Endorses Statement.
Mr.. Benson Endorses statement of
former Controller OF the Currency Pole
to the effect that a Federal Govern
ment guaranty law would destroy the
Federal Reserve System by driving the
strong banks from it, would lead to the
closing Of thousands of small State
banks which cannot qualify as members
of the Federal Reserve System and
would put q premium upon incom-
potency and responsibility by render
ing it no longer necessary for the banker
to be concerned for the safety of his
depositors."
He adds that "the true and the sound
alternatives to the guaranty of bank
deposits are competent banking man.
agement, proper and adequate super.
vision Of the banks by public authority
the freedom Of the banks and bank
supervision from political influences and
the activity and influence of banking
clearing house associations that reveal
and prevent faulty practices and unwiss
lending policies"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
MORE THAN 700 MILLIONS DUE
US. INVESTORS THIS MONTH
Immense Sum From Interest, Dividends and
Bond Maturitiies Expected to Be
Paid Out In December.

notes due December IS. It is expected
to refund this issue into some other
form Of Indebtedness, probably new
relatively short-term notes. The new
issue, it Is believed, will exceed the ma
turity because Of the necessity for pro-
viding the Reconstruction Finance Cor
poration with emergency cash and for
other Treasury purposes.
The prevailing opinion Is that sooner
or later tie Treasury will have to be-
gin converting the present unwieldly
floating Indebtedness of some $4,000
000, 900 into long-term bonds. 1t is not
known just when such an operation is
contemplated. but, owing to the inau-
guration Of new regime In Washing
ton next March, 1t is not thought any
large conversion plan will have been
completed before then.
Wall Street also does not anticipate
any refunding issue for the payment of
the first and fourth liberty loans in the
near future, although these bonds are
callable soon.
Estimates Of December dividend dis
bursements vary widely. some running
considerably under the SEAS, 0o0, 000
figure.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
BY the Associated Press.

NEW YORK, December 3.-The
Christmas stockings Of American inves-
tors will not be altogether empty this
year, for there will be paid out during
December more than $700. 1000, 600 in in
terest, dividends and bond maturities.
If operations of the United States
Treasury are included. such as maturi-
ties, new financing and income taxes,
the December settlements probably will
total more than $4,000, 100000. 1t goes
without saying, however. that all dis
bursements will be much smaller than
last year owing to restricted economic
conditions.
Interest payments for the month will
approximate $400,000,000; dividends,
1925, 00O, 900, and corporate maturities,
SOS, 100000 Some $49, 10000 of pub
lie utility bonds come due, while in
dustrial maturities will approximate
S22. 100000 and those Of the railroads
around $22,000,000. Foreign bonds and
notes payable total So, 463, 900.
Government financing, as usual, will
comprise the bulk Of the months turn
over The Treasury will meet . ma
turity Of 100000, 900 of 3H4 per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
REVENUE LOSS SHOWN
BY PULLMAN COMPANY

CHICAGO, December R.-The
Pullman Co., carrier subsidiary of Pull
man, Inc, today reported an October
decrease of $1,372,442 from October.
1881, in gross revenues from transpor-
tation operations.
The October gross was $3,t26,959, as
compared with 81, 499, 401 in 1881. The
net deficit after taxes was $273, Ito, as
compared with a deficit of $282, 97s In
1881.
The report showed tremendous I'M
pairment in the l0-month net after
taxes for the current year, deficit Of
1865, 903 for 1882, as compared with
profits of $2.462,723 in the first 10
months of 1881. Gross revenues for the
same period were s37.169,772 in 1882
and $50, 467, 507 in 1881.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
STOCKS MAINTAIN.
&ss
EVEN MARKET TONE
Most of Short Sessions
Prices FractionaIly OF 81
at Close.
BY GEORGE T. HUGHES.

Special Di / to The Star
NEW x, December 3.-Stocu
maintain, an even tone In todays
week end rket. notwithstanding tho
increasing ntesity Of the crisis ever
the war del ...-.
Most Of t session prices were frxcA
tionally lowe, but the trading was very
dull and toward the end there was
enough covering to leave the leaders
practically unchanged on the day.
Sterling exchange was weak again.
In London the pound opened at $3.1sA,
but then dropped to s317lz. On this
side 1t opened at $3.18ss, an overnight
drop OF IA cents. Trading was light
and the market was thin both ways,
Drags on Commodities. ''".,
Again 1t was true that the weakness
in sterling was more Of q drag on COM
moditieS than it was on stocks. Gotten
reacted, continuing the movement inii-
ated In the last hour Friday. Wheat
was off fractionally, disregarding the
bullish crop news from the Southwest
and more reports Of cuts in acreage
In Chicago December oats sold at Is
cents bushel, a price never before
equalled. Sugar was steady on hopes
of a favorable outcome Of the inter-
national conference in Paris.
The weekly car loadings statement
for the seven days ended November 26,
which included the Thanksgiving day
holiday, showed falling OF from the
same week year ago Of ll.6 per cent,
which was the smallest decline from
the 1881 level of any report this year.
The total of 493, 1882 cars was down
81, 1863 from the previous week.
In the first hour United States Steel
common and American Telephone made
new lows on the reaction by fractions,
but no additional selling appeared and
they did not extend the declines. Thu
sofest spots in the list were the lower
priced utilities, where safety of diEi-
dends seemed to be the principal COM
sideration. Standard Gas & Electric
was heavy and so we're the preferred
issues Of Electric Power g. Light and
American Power q Light.
Meet Good Support.
Among the rails Union Pacific and
Atchison met good support, but some
| Of the issues selling in the lower-price
ranges continued to sag. McKeesport
| Tin Plate, directors Of which meet
Monday for dividend action, yielded Z
| point.
The steadiness of the market in thu
face of the international situation
created comment, but the more con-
sentative observers hesitated to draw
| optimistic conclusions therefrom. II
| was felt that the show of firmness wa
encouraging, so far as 1t went, but. that
there had not been enough volume
| to test the market. -. !.
| The market closed steady, around tn
best Of the session. Sterling rallied 70
| $685.. where 1t was of TX cents
All the European gold currencies were
| unchanged except guilders, which wsrs
up 2. Wheat also rallied. -o.r-
| tCopyright, 1881 -: -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
L0EW'S AMORTIZATION
= ACCOUNTS EXPLAINED

NEW YORK, December 8 CP.-Ex-
planning its new policy on amortization
charges on films, Loew's, Inc, in the
annual report for the fiscal year ended
August 81, states that lin inventories
at the end Of the fiscal period would
have been reduced $2,500, 900 If the new
rates Of amortization, effective Septem-
Der last, had been applied to the in
ventory Of released films on August 81.
ants ON the matter OF flm amortization
points out thai beginning with Septem-
Der ! the company arranged to revise
Its tables Of amortization on picture
costs so that q greater percentage of
the total cost might be written on dur
ing the earlier life Of the pictures than
in former years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
INTEREST ON BALTIMORE
SAVINGS TO BE REDUCED

BALTIMORE, December 3 (Speciar 1.
All the national banks carrying saw
ings accounts and most of the trust
companies of Baltimore are posting no
tees that, beginning January /, the In
terest rate paid on savings accounts
will be 3 per cent instead Of ga, Is at
present. g.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
CHICAGO DAIRY MARKET.

CHICAGO, December R.-Butter,
9,e65; steady; creamery specials ,l93
score), AAa24A; extras (9O. 13A;
extra firsts (9o-s1), 23a23h; firsts
$3.50, 22a22A; seconds (S6-SD,
1921; standards 600 centralized car
lots), 22N. Eggs, 2,1o5: steady; extra
firsts, 81: fresh graded frsts, 30: cur
rent receipts, 27a2s; refrigerator
flrsts, 2634; refrigerator extras, 27A.
Poultry, live, 4 trucks; hens drm.
others steady, prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
Ton 100000, o0o-share Mark

NEW YORK, December 3 R).-
Stock sales on the New York Stock Elk
change for the year thus far have just
topped the 400, 600 .0o0-share mark. At
this time In 1881 about SIS, 600 600
shares had been traded, while in 1880
the current total was reached May 10.
IN 1929 the 600 900 600 share volume
We touched On May ..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
Bank Reorganized.

TWIN FALLS, idaho, December ;
(P.-The Twin Falls Bank g. Trust Co.,
closed under q bank holiday order Of
the City Council for two months, was
reopened for business Thursday follow
ing reorganization. The city's other
two banks had been closed prior to
the bank holiday, which left residents
without banking facilities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
q. s. TREASURY BALANCE.
BY the Associated Press

Treasury receipts for December were
50. 287, 143.7s; expenditures, $l1,cs0, 49,.
90; balance, 1884 ,o26, 467.79. Customs
duties for one day Of December va.
S614,116.2S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
Trade Reports at a Glance.


NEW YORK December TABLOID review Of wholesale retail
conditions follow
the basis with conditions the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
NEW YORK BANK STOCKS

NEW YORK, December 8 GP.-Over.
the counter market:
(ouotations as Of IL OClock.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
INVESTMENT TRUSTS

NEW YORK, December (P.-Over-
the-counter market:
t (Cai0t tiNns nf 10.qn orIark
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03


Dividend
the latest quarterly hafyary declarations
unit Of trading less than 100 shares tParty tPlus
stock Paid this year-no regular Payable in
PAYABLE in cash or stock Plus So Plus
N Plus 81 in special preferred
stock Paid last yea-no regular rate Plus So stock
In scrip.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03

TRUST COMPANIES
Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-12-03
Savings Deposits Increase.

Time deposits In ~ reporting men,
Der banks and aggregate deposits in IL
mutual savings banks in Baltimore
totaled $438, 683, 140 at the end of Oc-
tober, 1882, higher figure than s437,-
S21 1851 reported at the end of Sep
TENDER this year, but materially less
than the total of $45l ,914,o8l at the
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18
WILLOW RIVER

Edward and Chuck Maxine, and
Ralph Richmond of Jamestown, N. D.,
spent the past week here with their
grandparents, Mr.. and Mrs. e. N.
Miller, at First lake. They also visi-
ted northern Minnesota and took a
canoe trip on international waters,
the Rainy river. They will leave
here Friday, making the trip by auto.
The Rev. and Mrs. Harrington were
given a hearty welcome Wednesday
evening of last week by members OF
the Presbyterian church and the
Ladies' Aid. There were about sixty
present including the Rev. and Mrs.
Thompson, niece of Pine City, and
his brother, Mr.. Thompson of Hinck-
ley. A nice program was given con-
Quoted by the Misses Bochek, Thomp-
son and Linsley, and a delicious lunch
served. The pastor and his young
bride were presented with a quilt.
A number of baseball fans from
here attended the floodlight baseball
game at Sturgeon Lake Wednesday
evening of last week. 1t was quite
thrilling from start to finish and is
something new in this part of the
country.
Miss Olga Novak who visited her
parents, Mr.. and Mrs Chas. Pehoseck
one week, left Sunday for Austin
where she is employed at the home
of j. Normal.
Born to Mr.. and Mrs. Joe Weld OF
st. Paul. Friday, a baby girl. Mrs.
Weld is the daughter Of Mr.. and Mrs
Albin Ahlbrecht.
Mrs. Fred Clough and daughter and
Mrs. Donald Geddis of Minneapolis,
came Monday and will spend their
summer vacation here at the home
of Edward Clough.
Mrs. G. H. Dennewold and son, John
OF st. Cloud, were weekend guests
at the home of Mr.. and Mrs. Eddie E.
Clough.
Mr.. and Mrs. A. e. Gustafson and
family, the new superintendent of our
local school, moved here last week
and are comfortably located in the
house owned by Ed Walsh. Mr.
Gustafson is busy getting ready for
the opening of school Sept. 5.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18
CHURCH NOTES
Methodist Church.

The Rev. A. G. Parks will conduct
the regular church service next Sun.
day afternoon at p. m. All are well
come.
American Lutheran Church.
The Ladies' Aid society will meet
next Thursday, Aug. %, at the home
of Mrs. Fred Koski. All are welcome
Peace Lutheran Church.
Rev. H. Sporleder, Pastor.
Sunday school and Bible class at
$40. English service at 1O:45. Sub
ject of sermon, why can we be sure
that the Bible is the Word of God?'
The choir will sing an anthem.
Choir practice at p. M, Thursday.
st. JOseph's Catholic Church.
There will be a harvest picnic in
Guiding chicken dinner at noon held
at the Herman Oetterer farm on Sun
day, Aug. %, for the benefit of St.
Joseph's Catholic church. Amuse-
ments will be provided for the chill
dren. Everybody welcome.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18

Louis Willie and family, Mrs. Thos.
Dignan, and Mrs. Leonard Ellison and
baby Of Arthyde.
Mr.. and Mrs. H. o. Rolig and son.
Lowell, of Harris, were Sunday din
ner guests of Mr.. and Mrs. Anton
Faudskar. Mr.. and Mrs. Chas. Wick
ner and family and Grandma Yetter of
Lake Eleven, called in the afternoon
and all enjoyed supper together.
Loren, Claude, and Robert Poyner
and Allan Crabtree of Raymond
Iowa, who are on a two weeks camp
ing trip through Minnesota and Can
ada, stopped Tuesday morning and
had dinner with Mr.. and Mrs. C. L.
Smith and family. These young men
were former neighbors of the Smith
family in Iowa.
Emil Kukkola drove to Minneapolis
Sunday, returning Monday with Mrs
Kukkola, who had visited relatives
since Wednesday.
Mrs. Herman Oetterer spent Monday
with Mrs. Joe Koenings.
Alfred Granville and Bud Dumphy
drove here from Proctor Sunday, and
Miss Bernhild Collander returned
home with them, after spending two
weeks visiting at the Hugo Wick
strom home.
Mr.. and Mrs. Leonard Hoglund
were Sunday dinner guests of Mr.. and
Mrs. j. H. Lingren at Bruno.
Wallace Turnquist spent the week
end here, returning Sunday evening
to Monticello. He was accompanied
by the Andrew OLean family, who
attended the funeral of Louis Norlund
Monday.
Mr.. and Mrs. w. A. johnson and
son, Wallace. and a friend. Mrs. John
son of Mora, spent Sunday afternoon
and evening visiting friends near Fin
layson.
Janice Carroll arrived last Thurs
day to spend a two weeks vacation
with her aunt, Mrs. Harry.
Mr.. and Mrs. Utecht and. son, Billie,
drove from Saltwater last Thursday
to spend the day with Mrs. Harry.
Their daughter, Lucille, and Mae
Ogilvie returned with them, after Wis
iting with Mrs. Harry for five weeks.
The Misses Mae Lyons, Annabel En-
padding, and Louise Blaumgren of
Minneapolis, arrived Friday evening
to spend the weekend with Mae
Lyons aunt, Mrs. Harry. They spent
Saturday fishing, Mae Lyons showing
how it was done by catching a nice
big pike and several crappies. They
returned to their homes Sunday eve
ming.
Janice Carroll was the guest OF
Mrs. Elmer Bosch Friday afternoon
Mr.. and Mrs. Ernest Carroll were
guests of Mrs. Harry Monday after
noon and evening.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18
FINLAYSON


Lewis Dummer and family made a
business trip to Hinckley last Thurs
day.
Mrs. John Stipple and family and
Mrs. Laymon and children from New
Ulm visited at the Lewis Dummer
home Sunday. Ferdinand Drummer
who has been working near New Ulm
accompanied them here to spend his
vacation at home. Alphonse Dunn
mer went back with them to New
Ulm.
Emil Norkoli and Carl Makela are
working in the North Dakota harvest
fields and Fred Makela is working
near Virginia, MINI.
The farmers have their threshing
nearly done in this neighborhood.
Vale Barnes came home the 10th of
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18

Moose Lake, who have been visiting
at the Olof Nelson home for the past
two weeks, left for her home in Moose
Lake Sunday. Her husband came
Saturday evening to accompany her
home.
Mr.. and Mrs. VIM. Tabery and
daughter, Philomine, spent Monday
afternoon at the Steve Purull home.
Miss Lille Purull visited her par
ents from Sunday till Monday morn
ing.
Mrs. Joe Marihart visited with Mrs.
L. Kowitz Sunday afternoon.
Mr.. and Mrs. ]. L. futile gave a
dance in their new barn to their many
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18

caller in this neighborhood Saturday
afternoon.
Mrs. VIM. Withrow motored here
from Kingfsher, OKLA, and visited
with Mr.. and Mrs. L. H. Kowitz Sun
day afternoon.
A large number of neighbors and
friends went to the home of Mr.. and
Mrs. Steve Purull Friday afternoon
to help Mrs. Purull celebate her birth.
day. A very nice lunch was served
and Mrs. Purull received many useful
gifts from her friends with well
wishes for many more happy birth
days.
Mrs. Adolph Nelson and baby oil
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18

friends and neighbors Saturday. A
large crowd was present and all had
a good time.
Mr.. and Mrs. ]. L. futile called at
the VIM. Hennen home Saturday aft
ernoon.
Jack Nelson of Minneapolis, is visit
ing at the Sangren home.
Art and Ray Woods were threshing,
in this neighbrohood Friday and Sat-
urday.
Mr.. and Mrs. Steve Purull and fam
lily spent Sunday afternoon with Mr.
and Mrs. Ed Smith near Kerrick.
American ads save you money.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18
NORMAN TOWNSHIP

Mr.. and Mrs. Steve Purull visited
at the VIM. Hennen home last Thurs
day evening.
Mr.. and Mrs. L. H. Kowitz and
Mr.. and Mrs. H. Noeldner spent last
Thursday evening at the Emil Koech-
er home.
Holm Smith of Pine City, was a
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18
st. Paul'S Lutheran Church.
Rev. II. Snorleder PASTOR

rev. II. SpOrIeder, Pastor.
Church service at $50 a. m. Sub
Ject, why can we be sure that the
Bible is the Word of God?" Sunday
school and, Bible class at 1915.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18

this month from his three months
stay in Duluth. In Br. Barnes alb
sence, liver Norkoli has been caring
for the farm.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-08-18

American ads save you money.
Washington Journal., 1932-11-04
: @ematIi4s @sRien.

"h ~ ! ' Ae
Menuseriebefiber: nSier in oisIem
&Gfis ieben sic, meme Serrf9diten.
oas Wunoer Der Orefur: einen
oussema9f,nsn Siser, ein.n @teppens
poIf unb elm Sdaf, Die in srOBter
8srtrGeli9teit 3ufammenleben."
Gin 9err: nMie LANCE buben sic
Ole Siere f9on2"
MenaeeriebeiiBer: r8ereitS nrei
Sabre. @s lit aud ME oas @srins=
tie paFiert; nur bqs S9af bal i'm
2aufe Der 3eit einisemal erneuert
tperoen miifen."
8er9Iungene fab e.
Sic: r5reu' Did, Sumo, pupa lit
seaen nnisre @~erlobung!!" @r: Sra.
erlaube, oa fou i9 mid freusn!2"
Sic: mNatiirli9! @s eeI9iebt ia
oo9, mas bic Drama min - uno ote
min INNER oas @esentsiI BON ga-
pal"
- umf9rieben. -. Gor
allen Nnoeren 5ei9nete fi9 bur4 tla>
re, beutIi9e Nusfpra@e bes SOuffs
lsur aus
The Washington times., 1932-07-01

being less than one year olo.
Mrs. Horn said:
"The general condition Of the
women and children is very
good. But we would be re-
lieved IL we could get more ice
for the milk"
The Colorado veterans are
more than proud of their
mascot. They call it a Bonus
worm," but in reality it is moth
ing more than q painted string
bean, resembling a big worm.
The veterans put the worm"
in a tin can and shake 1t
gingerly enough so it has the
appearance Of a worm. When
a crowd gathers, they lecture
about it. They say:
"COme one and all and see
The Washington times., 1932-07-01

"Herbie," pet duck Of the At
lantic City bonus veterans, is
hobbling around camp on q
wooden leg. Recently he broke
his leg and was unable to leave
his coop. Then "Chick" Lamb
don and A. A. Ferris, of the
camps medical staff, held a
conference. They operated on
"Herbie" and now he's on the
mend.
The veterans of Camp Moore,
down at Anacostia, presented
Capt. s. j. Marks, Of Eleventh
precinct, with a framed picture.
of their encampment. Accom-
panying 1t was a note express
ing appreciation Of the men
for the consideration shown
them by Capt. Marks.
Mrs. Raymond Horn, Dillon
vale, Ohio, has her hands full
at the camp checking on the
welfare of the women and chill
dren. She is also in charge Of
rationing milk for the babies.
There are exactly 116 women
and children, five Of the latter
The Washington times., 1932-07-01
Virginia Fugitive
Cauqht in MARYLAND
DIR. JOHNSON

Ellis Dulaney. of Warrenton
Va, who broke Jail in that town
Wednesday while he was awaiting
trial on a charge of houSebreak-
ing, was arrested early this morn
ing by Constable, Harry Sweeny
near T. B., Md.
Dulaney was turned over to
Sheriff w. S. Wolfe. of Fauquar
County, Va, who trailed the man
into MARYLAND.