davidaulloa/AmericanStories huggingface dataset:
Evening star., 1932-05-11
BOYS EDUCATION
IN POLITICS URGED
Thompson Tells Rotarians
Interest Would Divert
Youthful Energy.

Education of boys in fundamentals
OF politics was urged by Huston Thomp-
son, former member of the Federal
Trade Commission, in an address yes
terday before the thirty fourth District
Conference of Rotary International,
which closed a two-day meeting here
last night.
Mr.. Thompson said that if boys could
be interested in politics it would give
them an outlet for energy and imagi-
nation which might otherwise lead to
crime
John Nelson of Montreal, Canada.
third vice president of Rotary Interna-
tional, said that mechanical invention
has outrun wisdom.
Oliver c. Short of Baltimore was
elected district governor to succeed Paul
E. Ellsworth, CheStertown, Md. Mr..
Short is a former head of the Baltimore
club
Other speakers included Elwood Street,
director of the Community Chest; Le-
land D. Case and Robert Lincoln
C'Brien, chairman Of the United States
Tariff Commission.
Three trophies were awarded at the
afternoon session. The c. Howard Wit
mer Cup for the club having the great
est increase in attendance during the
year was presented to the Oakland, Md,
club. The Fleming Cup for the club
travelling farthest to the conference
went to the Clearfield Pa, club, and
the Governors Cup for the club with
the largest average attending during
the year was awarded to the Little
town, Pa. club.
Evening star., 1932-05-11
DR.. COLE NOMINATED
TO HEAD DENTAL. SOCIETY
Will Be Unopposed for Presidency
in June EIection-Dr. Wyman
for Vice President.

DR.. Charles D. Cole was the only
nominee for pres dent CT the District
Dental Society at a meeting last night
at George Washington University and
will come up for election at the first
June meeting. Dr. w. w. Wynan was
the sole nominee for vice president,
and DR.. Mark Finley, who has served
as treasurer for many years, was again
nominated for that Office. Dr.. Cole is
now vice president.
Dental treatment was given 342 chill
dren as part of the May day health
program, d. Harold w. Krcgh re-
ported. DR.. Krogh said that almost all
these children will be treated through
out the year.
Dr.. Leo Winter of New York City
spoke on oral Surgery Of Interest to
the General Practice" DR.. Arthur D.
Weakley made a final report on the
clinic held this Spring at the May
flower Hotel. DR.. John S. Brooks was
elected to membership.
Evening star., 1932-05-11
Exports Show Increase.

BUENOS AIRES. May II R.-Ar-
gentina's exports during the first four
months of 1882 were worth almost $10,-
0Oo,000 more than they were in the
same period Of 1881, despite generally
lower price. The treasury reported
that first-quarter shipments this year
were 6,802 900 tons, valued at 238, 1885,
0C0 gold pesos-s139, ,728,655. This COM
pared to f1rst-quarter shipments in 1881
of 5,652, 900 tons, worth 222 1926, 900 gold
pesos. These reports excluded bullion.
Evening star., 1932-05-11
Oil Riches Provide
Honeymoon Trip
Delayed 40 Years
BY the Associated Press.

BY the Associated Press.
OKLAHOMA CITY. May IL
The black gold of the Oklahoma
City oil field has brought for
tune to George Pierce and his
wife. Lucy-so they are going on
a honeymoon deferred 40 years.
For years the couple has lived
in a shack on the southern edge
of the city, making a meager liv-
ing by fishing and truck garden
ing.
A three-year-old lawsuit over
mineral rights to the Pierce 20
acre tract was settled yesterday
by the Glidden Oil Corporation of
Tulsa and the couple received
$20l ,000.
Evening star., 1932-05-11
CHAPTER TO BE FORMED
Haltigan and Dean Slowe to Ad,
dress Catholic Colored Group.

Patrick j. Haltigan and Dean Lucy
Slowe, dean of women at Howard Uni
versity, will speak at st. Cyprian's Par
ish Hall next Sunday evening at a
mass meeting for the purpose of estab-
fishing a chapter in the National Fed
Grated Colored Catholics of the United
States, to be known as st. Cyprian's
Chapter
Other features on the program in
clude L. V Jones, violinist; Thomas
Featl11nan, Evelyn Harley, Ella Frances
Burns. Thelma Taylor and others. The
committee consists of Francis Spriggs.
chairman; William A. Johnson, Raphael
Smith, John H Brown and Frank Wood.
The Indian government is asking far
y,,arc tO raetript aproapa IN the next
Evening star., 1932-05-11

The Indian government is asking far
mers to restrict acreage on the next
jute crop, which is now being planted
Evening star., 1932-05-11

Rich twotoned combinations attractive color
bnaons Soft thick quaities-weight approximately 4A
pounds. All finished with a-slk bindings These blan-
kets that will give you real warmth
eendF Floor
Evening star., 1932-02-01
EXPORT IMPLEMENT
TRADE IN DECLINE
Business of 1881 Was Lowest Since
1928, Commerce Department
Reveals.
BY the Associated Press.

BY the Associated Press.
The Commerce Department reports
American export trade in agricultural
implements and machinery during 1881
amounted to s57,4O3,485, the lowest fig
ure since 1923, and so per cent under
1905 figures.
The department reported the drop
was not unusual when the depressed
state OF agriculture throughout the
world is taken into consideration. as
the demand for farm equipment in
many important markets disappeared
entirely
In all these markets, the prices Of
farm products have barely met the cost
of production. falling frequently con-
siderably below the point where any
profit could be realized.
OF the total exports during the year
about IS per cent were shipped during
the first six months. Russia was the
principal market, and while figures for
the whole year are not available. those
for the first six months show Russian
Of total Of S50,063 384, or IS per cent.
All classes Of implements suffered, but
the types in which Russia was interested
showed much smaller decreases than
any other. Among the notable declines
were harvesters and binders threShers
mowers windmills, drills and SeederS
and plows. Such specialized equipment
as dairy apparatus, poultry equipment
lawn mowers and sprayers and busters
showed much smaller declines.
Evening star., 1932-02-01
Grain Market
By the Associated Press.

BY the Associated Press.
CHICAGO, February Helped by
upturns in securities, grain prices scored
an early advance today The grain
market was also stimulated by indica-
tfonS that the Far East crisis was be-
coming more serious and by apparent
likelihood that damage had been done
to domestic Winter wheat.
Opening 1s-la higher, wheat after
ward showed additional gains Corn
started unchanged to q higher and
then reacted little.
Contributing to the upward trend Of
Chicago wheat values today was relative
strength Of Liverpool quotations, to-
gether with signs pointing to fair
amount of North American wheat ex-
port business On the other hand. the
amount of wheat afiost for importing
countries showed a large increase both
as compared with a week and a year
ago. Rising temperatures in domestic
Winter wheat territory were also
stressed by bears.
Unconfirmed rumors Of warlike hap
penings indicative Of greater chances
that the United States might be direct
led later to continued advances in
wheat. Minor downturns which inter-
vened on account Of profit taking sales
were quickly succeeded by fresh rallies
higher than before A further ad-
vantage to bulls came from reports that
France would increase the amount Of
imported wheat allowed to millers.
Corn and oats were largely responsive
to wheat action.
Provisions went up with hog values
and with cereals,
Evening star., 1932-02-01

A sharp upturn occurred in Ameri-
can automobile production during the
closing month of 1881, Commerce De-
partment figures revealed today, after
a new low in the history of census rec
ordS extending back to 1922 was
reached prior to December.
Manufacturers sales during 1881
amounted to 2,3S9730 automobiles,
which was nearly 100000 under the
1880 total of 1855 1886, and compares
with a previous low of approximately
2,544000 in 1922, the departments rec
ords show.
According to the departments sta
tiSticS, factory sales of trucks, aggre-
eating 416,640 last year, dropped to ap-
proximately the 1924 level, while pas
senger car sales Of l,967,055 were the
lowest shown in the census figures, with
a previous bottom of 2,244,o00 in 1922
Passenger Car Sales.
Sales of passenger cars in 1880
amounted to 2,775 ,809, while the man
ufacturing plants also sold ST., PAL
trucks.
Last November the automotive out
put reached it's lowest mark, according
to available figures, but swung sharply
upward during December, with manu-
featuring sales reaching 12l ,553. The
November total for only 68867.
The December showing reversed
downward trend stretching back to
April, but sales were still well under the
December, 1880, amount of l55,70l.
This downward movement had been
apparent both in passenger car and
truck production and was checked in
both of these fields.
Evening star., 1932-02-01

sionally made by investors in foreign
securities.
There was paid off recently to the
American investing public at los and
interest per cent s25, 5,0O0,0 900 loan
sold in this market on behalf of the
Department of the Seine 10 years ago
at 9OI2. The original cost Of the issue
was S22 ,625 900, or 1905 per 81 900 bond
Those who have retained the bonds
since fiotation have received for each
bond of $1,000 denomination s7OO by
way of interest and S1,O50 representing
principal, or a total of $175O on an in
vestment of 1905.
On March l the Kingdom of the
Netherlands will call for payment at
par a per cent loan of 10000 900
guilderS, of which the major portion
was sold in the United States about
nine and one-haf years ago at SO. The
value of the bonds on the basis of the
price of issue was $57,600,000. Interest
received to date approXimateS S35,000,-
600, while the sum repaid will amount
to $6O,45O,OOO, or a total of more than
S95, 100000 on an investment of $751;
100000.
1t should also be Of interest to call
attention to the fact that during 1914
81 foreign bonds refunded to American
investors aggregated well over $2,50O-
100000.
Cancellation all the way around is
the only means of avoiding a hopeless
tangle of war debts and reparationS,
according to David Lloyd George, Great
Britains war premier. He sees no ef-
fective settlement in 1882 Of any of the
problems really troubling the world
Lloyd George has been known to be
wrong before. Many of his dire proph-
ecies have not materiaHzed. Further
more, being one of those who signed the
Versailles treaty, he cannot very we'll
deny his responsibility for the diff
culties arising from political debts, espe-
cially reparations. Regardless of his
peSSimiSm, there are indications that
conditions are getting better, as they
did following Lloyd Georges warnings
some years ago in his rs 1t Peace?"
Mr.. Georges fears today are based upon
the elections scheduled in the leading
countries. Since these elections are
expected to bring about drastic changes,
one may perhaps look for change in
attitude on the part Of the nations af-
fected toward the various world prob
lens.
Copyright, 1882 by the North American
Newspaper Alliance, Inc.)
Evening star., 1932-02-01
INCREASE IN AUTO PRODUCTION
IS REPORTED FOR DECEMBER
Commerce Department Notes Gain After
New Low Record Had Been Established
During Previous Months.

The December factory sales Of pas
Senger cars rose to 96,753 from the
48,l85 announced in November. The
December, 1880, total was 120,833
Truck sales increased from 1858 in
November to 1886 in December, as
reported by the makers. The figure for
December of the preceding year was
33,443.
For the first time during the year,
monthly sales of taxicabs passed 1000
when they reached 1,l44 for December,
bringing the total for the year to 6,035.
as against 1886 in 1880
Total automotive sales by Canadian
manufacturers, as reported to the Cen
sus Bureau by the Canadian Bureau of
Statistics, were 1882 last year, as
against a 1880 total of 154,192. The
Canadian output Of passenger cars for
1881 was 63,477, as against 1885, ,442 in
1897, while the truck total amounted
to only 1914 in 1881, as compared
with 28,750 in the previous year.
Total Production.
The American figures disclose that
for total automotive production, as well
as for that of passenger cars and
trucks, not a single month Of 1881 eX-
ceeded the corresponding month Of
1880.
The factory sales Of automobiles
made in the United States, including
foreign assemblies from parts made in
this country and reported as complete
units or vehicles, are based on data
submitted to the Bureau of the Census
by IA manufacturers in the country,
AZ making passenger cars and 113 max
ing trucks.
Evening star., 1932-02-01
Price and Value
BY GEORGE t. HUGHES.

On the surface it certainly seems that
all of our investment manuals should
be rewritten after the experience of
the past two years. but that is not
quite true The trouble has been not
so much that we had erroneous ideas
about securities and about safety. but
that we put the emphasis in the wrong
place.
For instance, we have always known
that price and value were not synony-
nous We have always known that
prices change comparatively rapidly
but that values alter slowly respond
ing to fundamental changes in indus
try as whole and in the kind OF Sc
curity under consideration. When the
markets began their long and diSas-
trouS decline, we did not give this
principle due weight.
1t is not that the real worth of our
stocks and Of our bonds has depreci-
ated, although it has done that to a
great degree, but that once a world
wide defiation gains momentum it
carries everything down with it, good,
bad and indifferent, NOR or hess. For
getting this principle. we talked about
depression-proof industries and about
depression-p proof securities. There are
no such securities. Market price is
Alhco llOe SIulply ny lilS LlOpGS anu lLlG
fears of the buyers and the sellers, but
in times such as we have gone through
in this greatest Of all slumps, by the
necessities of the sellers.
The lesson is the interdependence of
all the markets. When because of the
collapse Of an extravagant speculation
in one quarter those involved must have
cash, and that Immediately, they offer
whatever will bring cash in a market
which because of that very collapse has
lost confidence. Their offerings de-
press the price of what they have to
sell regardless of its intrinsic merit.
One speculative position undermined in
turn undermines another
It is at that point that the error of
confusing price with value begins its
destructive work. If it is not promptly
arrested by courageous action on the
part of informed and financially strong
interests as was not the case In 1881,
distrust spreads like an epidemic, and,
still looking alone at prices, universal
bankruptcy seems to threaten. But
even this is not the whole story.
(copyrisht, 1922
Evening star., 1932-02-01
COMPULSORY AUTO
INSURANCE IND0RSED
Research Council Advocates Law
Patterned After Workmens
Compensation Statutes.
By the Associated Press.

BY the Associated Press.
PHILADELPHIA. February 1,-Ap-
plication of the principle governing
workmen's compensation for the pay
ment Of automobile accident damages
is recommended by a committee which
has been studying the subject under the
auspices Of the Columbia University
Council for Research in the Social Sci
enCeS.
The committees report, made public
TODAY. is based on intensive study and
surveys conducted over a period OF two
and a half years which included per-
sonal Investigations Of more than $500
motor vehicle accident cases in differ
ent parts Of the country. 1t includes
also a special study Of the MaSsachu-
setts compulsory liability law and Of
financial responsibility laws in other
States The data obtained from the
case studies indicate" the committee
finds. that uninsured owners OF motor
vehicles as a class pay for only very
small proportion OF the damage Whlcn
their automobiles cause.
Financial responsibility laws do little
to correct this injustice. The COM
pulsorv liability insurance law has
largely eliminated the evil OF financial
irrespOnsibility in Massachusetts, and Is
the most advanced step taken in this
country to solve the compensation
problem.
The committee strongly approves OF
requiring every owner Of motor We
hicle to insure against whatever legal
liability may be imposed upon him Tor
personal injuries or death caused by its
operation. ,
The committee believes, however
M fIlr
the compulsory liability insurance law
and that no system based on liability
for fault is adequate to meet existing
conditions. The committee favors the
plan of compensation with limited la
bility and without regard to fault, anal
ogous to that of the WOrkmen'S COM
penSation laws.
such a plan would eliminate the use
of the principle of negligence, would
place the burden Of economic loss on
the owner or operator to whose ac-
tivity the loss is chiefly due, would pro-
vide for an equitable distribution Of the
insurance fund according to the extent
of the economic loss and would provide
a prompt remedy at small cost to the
injured person or his family.
The operation of such plan would
be Of special benefit in the majority Of
cases of serious injury or Of death. The
committee believes that such compen-
sation plan would be workable, that its
cost to motor vehicle owners need not
be unreasonable and that it would not
violate the due process clause OF the
Federal Constitution"
The chairman of the committee which
made the study was Arthur A. Ballan-
tine, New York, Assistant Secretary of
the Treasury Members of the COM
mittee included Henry w. Taft New
York; Robert S. Marx, Cincinnati and
Ogden L. Mills, Undersecretary of the
Treasury. The work was directed by
Shippen Lewis of Philadelphia.
Evening star., 1932-02-01
Consolidated Gas of Baltimore.

BALTIMORE, February l (SpeciaD e.
Report of the Consolidated Gas,
Electric Light & Power Co. of Balti-
more, filed with the Public Service
Commission Saturday, for the year 1881,
shows earnings equivalent to 1921 a
share on the common stock, compared
with S542 a share in 1880.
In 1881, however, there were 81 ,827
more common shares outstanding than
there were In the preceding year.
Net operating revenue from electric
operations amounted to S6,549, ,439.4O,
an increase of 5.48 per cent, compared
with the preceding year. Net operating
revenue from gas operations was s3,-
O7O,64721, a decrease of S19,974.25, or
.65 per cent. This slight falling off
is attributed to unseasonably warm
weather
Net operating revenues from all oper-
ations amounted to S9,652, 1853 "a an in
crease of 410 per cent. Surplus avail
able for dividends was slightly less, due
to greater fixed charges, standing at
S7197, ,48399, a decrease Of $65, 1888 40,
or 80 per cent, compared with last year.
The amount carried to surplus in
1881 was 81 1875, 1922, compared with
$2,O69, ,384.64 in the preceding year.
Evening star., 1932-02-01
CURB STOCKS GAIN
IN BRISK TRADING
Leading Shares Advance as
Buying Demand Increases.
Utilities Irregular.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, February Stocks on
the Curb Exchange moved higher to-
day Trading was stimulated by the
rail wage agreement at Chicago and by
the military developments in the Far
East. The dullncss of overseas mar
kets, however, caused foreign shares
here to lag
Electric Bond & Share was bid up,
despite the turn Of events in Shanghai,
where its chief foreign operating con-
cern, AmcTfcGn & Foreign Power, owns
and operates the SHANGHAI Power Co.
This utility has an installed generating
capacity of l6l 900 killoWatts and serves
the power and light needs Of some
100000 population in and around the
International Settlement. American &
Foreign Power warrants were heavy.
Cities Service was virtually un-
changed throughout tie forenoon, as
were Standard Oil of Indiana and
United Light & Power A. Childs Co.
prsf2@red dipped TO a new minimum
mark. Niagara Hudson Power and
Middle West Utilities on this movement
scored a fractional gain
In the air share division E. w. Bliss g.
Co. was bid up to a new high for the
year T-onscontinental Air Transport
bettered DAYTON Airplane & Engine
and Detroit Aircraft also attracted some
organized operations on the part Of
traders
Further improvement in grains and
the 1881 earnings report, showing net
income of S4O6554 or 26 cents a share
on Deere & Co. common. caused that
stock to be taken by traders. Imperial
Tobacco of Great Britain moved to a
new peak for the year though other
shares in that classification did not
follow it during the first three hours
BritiSh-American Tobacco B at 1924
vas of half point on Shanghai cables,
as considerable portion of the COM
pany's foreign business emanateS from
China
Tampa Electric moved forward a
point as a result of earning reports
Aluminium Co. Of America made the
best showing in the metal group. New
mont Mining showed the widest move
on the upward side in the copper shares,
though most of the red metal group,
BWaua AIKubWa excepted firmed
Strengthening Of silver futures was not
Immediately mirrOred in the silver min
ing issues.
Influenced by the rail wage settle
menC at Chicago, stocks were bid up at
the opening.
Electric Bond & Share and American
& Foreign Power were fractionally
higher at 1912 and 37s, respectively.
Cities Service, at ,, lost i. Pacific
Western Oil, al s. was down a; but
Humble Oil & Refining was up some
what a 427- Aluminium Co Of America
rose a shade at 81 United Verde
extension fiTmed at 81 E. w Bliss
and TransCOntIuental Air Transport
were the early movers in the the
aviation division Standard Oil of
Indiana at IA -.. was of 1, American
Gas & Electric was up slightly. Foreign
shares Jagged IN initial dealings here.