davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-09-16

yet carrying on in confidence and hope. When Il
little fellow who is actually in want can have fat
in his Government, by golly, the big ones should ce
tainlv carry on. for they have never missed me-
so far
Copyright 1888. by syndicats)
VIII Rogers Now Playing In at
Evening star., 1933-04-01
BANKERS OPPOSED
TO UNIFIED SYSTEM
Policy Commission of Association
Has Declared in Favor of
Present Set-up.
BY the Associated Press.

BY the Associated Press
Creation of unified banking system
in this country is contrary to the views
of the Economic Policy Commission of
the American Bankers Association
voiced at the last annual convention of
the association in Los Angeles last Oc-
tober.
At that time the commission declared
that while it was in sympathy with the
basic purposes envisioned in unified
plan, it felt that the purposes could be
attained under the present dual system
of State and national charters.
1t declared further that the present
dual system has additional virtues in
itself, particularly along the lines of
maintaining local financial independence
and credit sympathies free from the
domination of overcentraliZed Federal
Government, and that the dual system
should be strengthened rather than de-
stroyed.
On the other hand, Eugene Meyer,
jr., governor of the Federal Reserve
Board, believes we wilr never have a
satisfactory banking system in the
United States until banks of deposit,
commercial banks, can be gathered un-
der one chartering, supervising and reg
ulatory power"
Evening star., 1933-04-01
SHARP CUT IN WHEAT
ACREAGE PREDICTED
Decrease in Planting and Unfavor-
able Weather Conditions Combine
to Reduce Yields.
BY the Associated Press.


CHICAGO, April MANY traders
predict unofficial crop reports Monday
by the majority of Chicago experts will
prove the most bullish ever issued re-
garding domestic Winter wheat.
Abandonment of wheat acreage un-
likely to yield enough to pay the cost
Of harvest is looked upon in various
quarters as promising to be the heavi-
est on record. A general belief ex-
pressed is the reports will indicate that
through drought and other adverse
factors 100000 acres have been lost
from the $4,000 900 acres officially an
nounced as seeded last Fall.
Largely because of the crop outlook,
wheat this morning compared to a
week ago was 15sa2H cents a bushel
higher, with corn %a11a up, oats at
$a7s advance, and provisions varying
from II cents decline to a rise of Z
cents.
Adding to the effect of probable
staggering curtailment of wheat acre
age, word of an unusually low condi-
ton of growth is looked for throughout
an immense expanse of territory. There
is huge area in Kansas, Oklahoma,
Texas, Nebraska and Colorado where
rain is badly needed. Advices at hand
say that unless adequate downpours are
received, damage reports inside of a
few weeks will be coming from a much
wider reach.
In Kansas alone, even under exist
ing conditions, some wheat crop au-
thorities assert the loss of acreage may
run as high as 100000 acres, an
amount more than 40 per cent of the
total seeded area. On the other hand,
there does not appear so far to have
been any great impairment of crops in
the soft wheat States.
Evening star., 1933-04-01
COTTON PRICES HOLD
FIRM DURING WEEK
Increased Trade Demand Proves
Chief Factor in Maintenance
of the Market.
BY the Associated Press.

BY the Associated Press.
NEW YORK, April 1.-While fiuctua-
lions have been rather nervous and
irregular, the cotton futures market
mere has shown fairly steady under
tone during the week. Liquidation az
OLD long accounts, promoted by veal
ness In the grain and stock markets
ana coupled with considerable forejon
seiling, sent May off to els early in The
week. An increased trade demand de-
veioped at this figure, however whila
tnere was continued absence of South
ern selling in any appreciable voh,r,,..
and rallies followed on covering with
May selling up to 644, or about 90
tlons were irregular, with reactions nm
der liquidation. leaving May at ga at
tLe eno OF the week, compared with 6.S7
at the previous Friday.
According to the New York Cotton
exchange Service, world consumption
OF American lint cotton during Febru-
ary totaled 1,095,0O0 bales, against
l,093,OOO last year, and for the first
seven months of this season 1880 900.
against 7,219,000 a year ago. These
f1gureS showed an increase of TIL 600
bales for the period over last year. but
statistical features are attracting yerv
little attention. Reports from Man
chester have indicated a slowing down
OF mill activity. but the ballot pv
Lancashire spinners failed to carry the
proposal to stop all mills for one week
beginning April II In order to cl1rtaiI
production
Evening star., 1933-04-01
U. S. TREASURY BALANCE.

BY the Associated Press.
Treasury receipts for March 80 were
S4,517, 709 48: expenditures, 5000, ,122.47;
balance, S503, 445, ,916.61. Customs duties
for 80 days of March were $16,64l,-
71703
Evening star., 1933-04-01
BY WALTER TRUMBULL.
,necial Disnatch to The Star


NEW YORK, April IA gentleman
and banker of the old school, who
looks as the banker of an earlier pc
riod was supposed to look, gray of hair,
wise with years, reserved, with wing
collar, white tie, stiff-bosomed shirt
and gray spats, regards the banker of
today and some banking practices with
concerned surprise.
II remember the time when a bank
failure was not only a financial mis-
fortune, but a personal disgrace" re-
marked Henry Bernard Coombe, who
started many years ago as a loan clerk
in the New York Office of the Nevada
Bank of San Francisco, and slowly and
patiently won himself a career
In those days." soliloquized Mr.
Coombe, "a dishonest banker ran for
the border and his life rather than for
his lawyer and bail bond. An honest
banker whose bank went down so
blamed himself that, like a captain at
sea, he frequently preferred not to
survive his foundered ship"
Credit and Character.
Pointing to recent unfortunate epi-
sodeS, Mr.. Coombe said proudly that in
his early days in banking directors were
neither dumb nor dummies, and that
the advice of bank president to his
depcsitors was not influenced by his or
his institutions interest in certain is
sues.
"Of course" added Mr.. Coombe. "the
majority of our banks today are sound
ly and honestly administered. 1t was
ne unwisdom of the comparative few
which threw a shadow over banking
generally, but I think it would be well
for all to study the care and caution of
earlier Gays. The head of a bank then
took the time to know his depositors
and their affairs, often helped them
over rough going, guided them out of
financial moraSSes and set their feet on
firm ground again. In the matter of
extending credit character was regarded
as financial asset. The word of one
man might rate higher than the bond
of another"
In an address on banking, Mr.. Coombe
once said: Remember that the risk Of
small honest man is safer than the
risk of dishonest rich man."
This old-time f1nancier believes that
the sooner bankers return to banking
only. do their own job and play their
own game, the better off this country
Will be. He also holds with President
Roosevelt that there must be a strict
supervision of all banking, that there
must be an end to speculation with
Evening star., 1933-04-01
Washington Produce
WHOLESALE PRICES.

Butter-One-pound prints (93 score),
%; tub. 81; one-pound prints (92
score), 81: tub 20: one-pound prints
(91 score), 20; tub, 10; one-pound
prints 600 score), 10; tub, 18.
Egg%Hennery, white, 111aa12; cur
rent receipts, 10laa11; Government
graded, extras, 2015; standards, II;
mediums, 151a.
Poultry. alive-Turkeys, hens. young,
16a20; old, 12a14; toms, 13a14; old.
8a10; chickens, hens 13a14; Leghorn
hens, 10; roosters, Sat; Plymouth
Rocks, broilers, 2Oa22; Leghorn, broilers.
colored chickens. l4a16; keats, young.
Poultry, dressed - Turkeys, hens.
young, 19a23; old. 15a17; toms. young.
16a17; old, 11a13; chickens. hens, is;
Leghorn hens, ID; roasters, 9a10;
Plymouth Rocks, broilers. 23a25; Leg
horn, broilers, 21; fryers, 20a21;
roasters. 20a22; mixed colored chickens,
17a19; keats, young, 28a43; old, 18a23;
capons, %; slips, 81.
Meats-Beef, 10; lamb, II: veal, II;
pork loins, IL; fresh hams, II: smoked
hams, 1914; strip bacon, 1914; lard.
~; compound Z.
Fruits-Grapes, Argentina, Almeiras
and Muscatels, 3.25a4.00; fancy, per
pound, so; strawberries, 7.00a90O;
oranges, 2.50a400; lemons, 4.50a5.00
grapefruit, 250a275; lines, per 100.
200; tangerines, 2.0oa2.75; bananas.
1.25a3.25; apples, fancy box stock, 2.00a
$50; nectarinss, Its; honeydews, 2.00a
$50; pineapples, 4.00a4.50; rhubarb.
40a5o; alligator pears, 250a4.o0; pears,
box, 2.50a3oO.
Vegetables - Potatoes. Maine, 1.25:
New York, Ito; Florida, new, barrels,
5.50a600; Idaho bakers, 1.75a2 90:
sweets. 60a75: cabbage, new, 75a1 Is:
DID, 85a90; turnips, rs; parsnipS, 50a75:
celery, 2.50a275; lettuce. Iceberg,
3.50a450; string beans. 1.75a2 90; limaS,
3.00a3.25; eggplant, 2.00a2.50 tomatoes.
repacks, 3-pan, 1,00al.75; lugs, LISA
200; caulifiower, 160a1.75: peas, crates,
$50: baskets, 3.50a4.00; carrots, crates,
lbs; beets, crates, 1.25; corn, 800;
okra, pan, rs; asparagus, 2.50a6.00;
cucumbers, Cuban, 3.00a4.00; peas,
crates. $50; baskets, 3.50a400; spinach,
Norfolk, 65a75; Texas, 80a90; kale, 35a
40; beet tops, hothouse. 1.50 turnip
tops, rs; Spring onions, per 100 punches,
LOO; radisheS, bushel baskets, 100.
Evening star., 1933-04-01
OPINION ON STOCK
SALE LAW DIVIDED
Wall Streeters Agree, How
ever, That Publicity Would
Be Beneficial.
Special Dispatch to The Star.


NEW YORK, April President
Roosevelt's proposed laws to supervise
traffic in investment securities are the
center of conversation in Wall Street,
where opinion was mixed. Only few
of the investment banking underwrit-
ing firms would permit quotation, and
these were not members of the big
Four"
The virtual stoppage of new security
issues, due to the depression, gives the
proposals less immediate value than
they would have had in 1929. Invest
ment bankers predicted the issuance
of fewer new securities, but it was
pointed out that much financing done
in recent years should have been
through bank loans rather than secur-
ity issues, because the proceeds were
to be used for current operations rather
than capital purposes.
Publicity Approved.
International investment bankers OBJ
served that it would be difficult to guar
antee statements made in connection
with some foreign loans. Most of them
agreed that full publicity would be
beneficial. Nothing however, was said
legal verbiage that even if full facts
were given the average investor could
not understand them. Furthermore,
balance sheets probably will remain as
mysterious as ever to most persons, as
this form of shorthand makes no at
tempt to explain.
Here are typical comments:
Shields & Co.-"Announcement of
the administrations plan for super
vising the new investment business en-
phasizes the question most responsible
for the do-nothing attitude generally
prevailing in financial circles that is
reflected somewhat in other trade
circles. The legislation in regard to Sc
curity offerings is fair and reasonable.
Like other steps taken to date, it con-
tains nothing to warrant the fears of
radical control that are held in so
many quarters. In fact, it is further
reason why those who operate in an
ethical and honest manner should CO.
operate with the administration and try
to do business as usual"
Calls Plan Constructive.
Mackay & Cove strongly favor
such a policy because 1t is not only
protective as regards the public, but it
is likewise helpful and constructive
from the standpoint of the New York
Stock Exchange and other exchange
memberships. To require by law ade-
quate publicity is one thing; to permit
firms and corporations to give out only
such information as Is favorable to
them is another. Laws are necessary
to require full publicity. and such laws
should have teeth in them, but at the
same time they must not propagate
prejudice or unfairness."
E. F. Hutton & Co.-"The first
phase of President Roosevelt's fourfold
security bill, dealing with the regula-
ton of new security issues, was gen.
orally hailed as constructive and a
restorative of investment confidence in
securities in brokerage circles. The in
dicated subsequent legislation regulat-
ing exchanges has injected uncertain
ties into present trading activities"
(Copyright. 1889
Evening star., 1933-04-01
STOCKS ARE LOWER
At short SESSION
Pressure on Railway Issues
Causes Losses Elsewhere
in List.
BY GEORGE t. EEGHEs.
Special Dispatch to The Star.


NEW YORK, April 1.-The blight Of
the Missouri-Pacifice Railroad bank
ruptcy hung heavy over the stock mar
ket today and prices sagged on light
transactions. Appointment of receivers
for Bush Terminal Co. also served as
a reminder of the difficulties faced by
many other corporations.
The market opened irregularly, but
soon turned downward, with special
pressure on the railway shares. Della
ware e. Hudson broke over 3 points on
top of yesterdays decline of an equal
amount. Smaller losses were reported
by the other active members of the
group, AtchiSon, Union Pacific, New
York Central, New Haven and Lack
awanna.
Car loadings were up 26,138 cars on
the week, but down 85,26S cars from
the same week year ago. The de-
crease on the week from the like 1882
period was ISL per cent, whereas last
Saturday the corresponding drop was
% per cent, which was a favorable
showing 1t did not help the market.
however, nor did the news that the
President was comforting this afternoon
with congressional leaders on his pro-
posed plan for railway relief.
The market had the benefit Of
strength in wheat and in corn. Ths
agricultural stocks were well supported
and so were the chemical shares, bI
they could not make progress againJ
the heaviness in the rest of the list
That was also true of the sugar stocks
Their losses were fractional but specu-
lation for the rise in them was sus-
pended.
The utilities moved with the rest Of
the market, American Telephone and
Western Union approaching their old
lows. At the same time volume was
light and the declines were more the
result of the withdrawal of bids than
Of any increased liquidation.
Half way through the last hour prices
| hardened, presumably on covering Spe-
cial strength was observed in Good
| year Tire & Rubber, which had been
| acting well earlier in the week.
Besides the various receiverships al
ready mentioned, the market was in
| f1uenced by doubt as to the working
of the securities bill now under con-
| sideration and uncertainty as to what
might come from the Senate inquiry,
| the scope of which has been greatly
| widened.
Movements in sterling exchange we're
erratic. Marks were points lower in
| mid-morning despite the sharp recovery
in German dollar bonds Guilders ad-
vanced 112 points and sterling was
| uD IA,
Evening star., 1933-04-01
ROOSEVELT STAND ON BANKING
PLEASES OLD-TIME FINANCIER
Henry Bernard Coombe Believes Majority
of Institutions Are Sound, but Approves
Strict Supervision.

other peoples money that confidence
thrives only on honesty on honor, on
the sacredness of obligations, on faith
full protection, on unselfish performance
Originally" says Mr.. Coombe, I'VE
had only national and State banks, anc
good bankers were the financial doctors
to their communities. Their business
was to lend money, discount paper and
care for deposits the safety OF
their depoSitorS always paramount"
The general law under which trust
companies could be formed in New York
without special act was passed in
1892, although several such companies
antedated this act. They were organized
Mr.. Coombe explains, for the reason
that banks were not permitted to serve
as trustees or in various other financial
capacities. The charters of trust com.
panieS gave them much broader powers:
they could hold securities and do things
forbidden to State and national banks
The widening of these powers" con.
tinued Mr.. Coombe, went on until
many banks, to protect themselves
merged with trust companies or or
ganlzed holding companies and other
auxiliary institutions. Many became
investment corporations, with some
thing to sell aside from service and
safety. do not consider that healthy
condition"
Praises Canadian System.
Rather full-faced, clean shayen. i'm
maculately and quietly dressed, Mr.
Coombe has that look of solidity and
reliability which is associated with the
old style banker. Long years of asso-
clation with this rather strenuous
island of Manhattan have not decreased
the courtesy of his manner, even if
they nave somewhat increased his waist
line since his clerking DAYS.
Mr. Coombe was teller in the Broad
way Bank, Brooklyn, and cashier in the
Peoples Bank of Brooklyn, his parents
having brought him to that city from
Quebec when he was two years old
incidentally, he regards the Canadian
banking system as superior to anything
found on our side of the border.
Mr.. Coombe served as chairman of
group of banks in the New York
State Bankers Association. In 1900 he
was member of the firm of Malcolm
& Coombe, and later the firm of
Coombe, Kerr & Pratt, both members
OF the New York Stock Exchange. He
was member of the New York Stock
exchange for number of years. The
latter firm merged in March, 1882, with
Pearl q Co., members of the New York
Stock Exchange since 1869.
Mr. Coombe is an active general
partner of Pearl & Co.
copyright, 1888: by North American News
paper Alliance, Inc)
Evening star., 1933-04-01
BALTIMORE RAILWAYS
REPORT INCREASED LOSS
Special Dispatch TO The Star.

Special Dispatch TO The Star.
BALTIMORE, April IA larger loss
was reported by receivers for the United
Railways & Electric Co., which controls
thes trolley system in Baltimore, in
February than in January, according
to the report just made public. The
deficit In February amounted to $28,-
o92, as against S23,113 in January. No
provision has been made for interest
on the funded debt, applicable to the
period following receivership, of Janu-
airy S, 1888. Total operating income
for the month was S7S2,234, as COM
pared with s879,272 in February Of
last year.
For the first two months of this
year gross revenues totaled $1,66l,-
5O6.83, a decline of S413,278.78, as
compared with the corresponding period
last year. Deficit amounted to $751;
205.04, as compared with deficit of
$22l ,62681 in the same two months
laxc, year, when fixed charges were
sass. 1853, as compared with only S76,-
242.60 this year.
Evening star., 1933-04-01
Refunding Plan Operative.

NEW YORK, April l CP)-The Den
yer Tramway Co.'S plan for exchanging
new notes and cash for Sl,250000 Of
per cent first mortgage collateral trust
notes. due next October !, has been de-
clared operative. = Holders will receive
20 per cent IN cash and 80 per cent in
new notes. dated April l and maturing
in 10 years.
Evening star., 1933-04-01
NORFOLK & WESTERN
REPORTS HIGH NET

The report of Norfolk & Western Rail-
way Co. for two months ended February
%, 1888, shows net income Of So ,688, ,304
after taxes and charges, equivalent after
dividend requirements on 4 per cent
preferred stock to $1.80 a share en- l.
4o6 483 shares of common stock. This
compared with Sl,246,983. or II cents
a common share in first two months of
1882.
February net income was s1,376,37G
after taxes and charges, against net in
come Of $3.50 440 in February, 1922.
Statement for February and two
months cnrnnareS as fnllnNS.
Evening star., 1933-04-01
GAIN IN SHIPBUIEDING
OCCURS DURING MARCH
BY the Associated Press.

BY the Associated Press.
On March l American ship yards
were building, or under contract to
build, for private shipowners, 46 vessels
aggregating 34,174 gross tons, compared
with "a vessels aggregating 1881 gross
tons the beginning of February
The largest job was a steel, sea-
going steam and motor vessel of $500
gross tonnage.
Evening star., 1933-06-18
KERRY PATCH, 2O-1,
BEATS TURF STARS
Futurity Victor Comes From
Behind to Take Queens
County Handicap.
BY ORLO ROBERTSON,
Associated Press Sports Writer.

NIEw YORK June l7.-Kerry
nj Patch, Just another horse since
4 v his surprise victory in the
100000 Belmont Park F1lturity
last Fall, again upset predictions today
as he came from behind to win the
Queens County Handicap and its purse
Of s2,980 at the opening Of Aqueducts s
18-day meeting.
Given no better than 20-to-1 chance
to whip a field of nine other great
milers, including James Buffers Ques-
tionaire and w. r. Goes Osculator,
Kerry Patch carried the silks of Lee
Rosenberg past the judges stand a
half length in front of Mrs. Dodge
Sloane's Okapi. A head back, closing
ground with every stride. was Dark
Secret from the Wheatley Stable, which
is owned by Mrs. H. c. Phipps and
Ogden Mills.
nSCULATOR, the choice at to S,
~ flattered his many baekers to the
final furlong. running much as he
did when Equipoise beat him in the
Suburban Handicap at Belmont Park.
He weakened, however, in the final
furlong and finished fourth. Cues
tionaire, carrying the top weight of 124
pounds. never was a serious contender.
c. v. Whitney's Caterwaul, one of
1925 ranking juveniles, made a sue
cessful debut as a 3-year old, winning
the Carter Handicap, once a prominent
fixture, but now relegated to the status
of overnight affairs.
Held at to l, Caterwaul led Con-
descend to the wire by one and one-half
lengths, with Parry a close third in the
612-furlong sprint.
Evening star., 1933-06-18
New York A. C.. Scores Heavily
In Track Title Tune-Up Meet

New York A orb G third waR E.IRsy Bay New New
Yo5s siodo-GrTER G Ere RtS@Won fiS64 by John Fol-
New YORK A G, third; JACK ryan: New
A%ssissp Io,Soo METER Il IRf 2Ia by George
VsssRay Vaashan New r9se york a G. Tme sna Er0i
5;000-METER WALK--Won by William
Knackstedt, German-American; fourth,
M0TTs EssfseF HIGH 9e S5
Percy Beard, New York A. c.: second,
}sq Emmy ycbaasd Bssd niw New yo4f York C. ,drF
l'@ei sSo-MEfER SiEfia Low HuRDLEs-won by
Hatfield. New lew YORK a q; third. al I'd Gibbons, ss
NeE yGsK spsrPE S9R TIVE O2tS &
Nss YORK \ e; third. pisE Hasay. ard etIi Viii:
rose A rms A.; fourth, John Trachy' New York
HIGH JUMP@Won by George spitz. New
a56r go6 a New C. yorE feet INCHES fs
inches; fourth. Jack Brodsky. Jersey Har-
BROAD :f JUMPMWon by Ted Smith, Mill
nehss %9as HRgs sRI FsE Kermit K0fk kns Saataebs s
feet 10 inches; fourth, David Honeyman,
unitisbfs isFoSkD q sao1rTfwon sfft dnfh by Jules
Finkelstein, New York u, As feet 7A
inches; second. Harry Schneider, Millrose A.
A.. As feet 524 inches; third, William w.
Ohle, MillroSe A. A. A feet z inches
fourth; Dan, Taylor. New Utrecht High. 43
ieI6 DISCUS sn snfnais THRow-won by John Ander-
record, ct; d. old mark i4o feet inch inches s by
Harry Schneider in 1926 second. Norman
Curtis, New York A. c.. 142 feet; third.
Harry Schneider. Millrose, A. A., 141 feet
4 inches; fourth. Maxwell Mackby. Column
bia: ID feet Ia inches.
JAyELIN-Won by Horace .O'Dell, jr.,
New York A. G, 201 feet ! q inches; sec
ond. George NerntZ. New York A. c., 1aS
feet s24 inches: third. William Footrick
New York A. c. 1sS. feet 10ha inches
fourth, Sherwood E. Buckland, New York u,
100 feet ] inch.
POLE vAULT-Won by Paul Harper, New
York A. G., II feet 6 inches; second Louis
Koenig, New York A. C.. l feet 9 inches;
third. George v. Mutcher. New York u.
l feet. fourth, Aaron zimbler, Newport A.
c.. 10 feet.
RUNNING HOP. STEP AND JUMP-Won
by Daniel Sherman Millrose A. A. A feet
11A inches; second, Ted Smith. Millrose A.
c., AZ feet Az inches; third, Alfred Miller,
German-Arerican A. c., AZ feet u inch
fourth, Lamoine Boyle, New York A. c.,
Al feet 9l2 inches