davidaulloa/AmericanStories huggingface dataset:
The Nome nugget., 1933-02-11
STEAMER sAnINGs

Alaska Railroad Passenger Service
 leave Fairbanks am. every Friday, commencing Decem- Der 23. Returning arrives Fairbanks every Monday at 4:45 pm.
 Freight Service Train leaves Fairbanks every Saturday. Returning arrives Fair banks every Wednesday.
The Nome nugget., 1933-02-11

K II A. M. Morning Worship and Sabbath School. ~a
 P. M. Evening worship.
The Nome nugget., 1933-02-11

Masses at g and Il am.
 Sunday School at 2 pm. Evening services at 7:30.
The Nome nugget., 1933-02-11

II. 2. CHURCH ". F. Baldwin. Pastor.
The Nome nugget., 1933-02-11
CHURCH NOTES
FEDERATED CHURCH
Rev. F G Forrester

Sunday school at II am Evening worship a, 7:4O pm. Organ Music
 Worship Theme: God in the Hearts of the People"
 Solo: Mrs Luther Dunbar.
 Sermon: "Mountain-like Men"
The Nome nugget., 1933-02-11

CATHOLIC CHURCH Rev. Fatber Edward Budde
The Washington times., 1933-06-29

= called him out OF the country
part Of the year.
"Then / would give powers
Of attorney to my secretary
and to others in my Organiza-
ton"
Pecora asked Kahn why he
turned these important transac-
tions over to others.
.T did it for the purpose of
my convenience and to relieve
my mind Of a mass of matters.
The custom was that whenever
1 was in New York 1 would be
advised"
Kahn was asked whether his
daughter was consulted regard
ing the December 80, 1880 sale
to his daughter.
II do not recalI-I dislike to
guess under OATH"
His Usual Custom
Kahn confessed he took stock
losses at the close of recent years
in order to reduce his income
taxes. He condemned the capital
gain and loss tax, urged its repal,
and blamed it in part for the in
flation of the market in 1929.
Pecora asked:
WAS there any particular rea-
son why you made these stock
Sales?"
81 can't recall the specific
reason"
isn't it true that in the last
week of December, in each Of
the recent years, you sold Sc
curities?"
II believe that was So"
"It was an annual CuStOm?"
81 believe So"
"What was the reaSOn?"
II suppose to determine what
/ owed the Government"
You mean you made these
sales in order to take tax 1Osses?"
"Tax loss is an ugly term. I
suppose it's true. 1 suppose,
too, it will be abolished after
this inquiry is completed"
Il hope So"
AAS~AAA 4ONOAAAAAC44NCu 1CN1SIO11 VI
the tax laws to eliminate the
capital gain and loss provision.
He said it "irritated the public" j."
Kahn added:
Initiates the Market
"It works fairly well in Eng
land, but England doesn't have
the tremendous ups and downs
that we have in this country.
The Government ought to be
assured of a steady revenue in
good and in bad times"
Kahn declared the capital gain
tax was one of the reasons for
the disaster of 1929" He said
spectators and investors refused
to take their market profits be-
cause they didn't want to pay the
tremendous gain tax demanded
by the Government. Their failure
to sell, he added, pushed the
market too high" He explained: !:
For the Government, it is
hazardous piece of business
to gamble in prosperity. It's a
bad thing-this gain and loss
provision. 1t makes it easier
to initiate the market.
The Washington times., 1933-06-29
FACTORY EVILS
WIPED OUT

HARTFORD, Conn. G.N.SO.-A
red quill pen hangs on the wall
of the State labor department
office at the capitol here 1t is
now the priced possession of
Labor Commissioner "Joe" Tone,
who pounced on it June 8 last as
soon as Governor Wilbur L. Cross
had used it to sign the minimum
wage law, counted upon to kill
Connecticut's sweatshop evil.
Months of wrangling and un.
certainty, while Tone and SYM
pathetic legislative leaders cast
about for antisweatshop legisla-
ton that would not at the same
time tread on the toes of legiti-
mate manufacturers, had pre-
ceded that brief signing cere-
mony.
The law now provides:
1. A minimum wage law. 2.
A law limiting hours of en-
plOyment of women and minors
from SIS to 48 hours weekly,
with more severe penalties for
violation. 3. A compulsory reg
iStratiOn law for employers. 4.
A law requiring the open door
for State inspectors.
The Washington times., 1933-06-29

two months. When the pattern
changes, orthodoxy is wiped
out.
ANTPLIFIES VIEWS
"In 1903, in Mr.. ROOseveIt's
second term, we swOre by the
antitrust laws"
"Swore by or at them?"
"SwOre by and at them. We
had ruthless competition. 1t
was devil take the hindmOSt. 1t
was survival of the fittest. We
have lived under those rules for
30 years. Now we are to be con-
verted to the opposite theory.
"The laws of the jungle once
prevailed. Thirty years have
come and gone. We have a new
deal now.
II don't believe any man is
wise enough at this moment to
express views until the new laws
and new theories are tried out.
We have to go through a trial
by fire.
I'VE must wait to see what
should be retained and what
should be changed. A good
deal must be changed. The
times are ripe for change.
"All of us, whether we are
reactiOnarieS or prOgreSSives,
must accept changes. None of
us is capable now of saying
that all these new laws are
wrong or that all of them are
right. We have to give it time
we must march along with it
until it has been tried"
Few Had Sanity
Kahn declared in 1929 "there
was hardly a sane person in
The public was be
guiled by statesmen offering Cd
good bonds, (2) second rate
The Washington times., 1933-06-29

} 'Tt is an element which in
PRODUCES an artificial deflatiOn
in the market usually in one
particular month"
First Admission
Kahn asserted that the modi-
fications in the capital gains
provisions made by the special
session of Congress was made
quate.
You are the first New York
banker who has admitted to
this committee that the bears
were able to depress the mar
ket."
This was the view of Senator
SteiWer (R.) of Oregon.
Kahn answered:
Bear cliques" undoubtedly
cause market Generalization, det'
rimental to the country. He
added:
II am not prepared to say,
without further study just what
limiaiOnS should be imposed.
Il hink that when they say
Now we'll raid, now we'll scare
people out of their sOcks!' They
are doing a social injury"
Kahn began to explain the diff.
ference between gambling and
speculation. Pecora said:
Its gambling when its sue
ceSSful to an inOrdinate de-
gree?"
"NO, but when its diSpropOr-
tiOnate to a mans means.
Il feel if the speculation is
improvement and plainly made
for the purpose of sheer gam
bling, then it's wrong"
II take it then that all gam
blerS are SpeculatOrs but not all
spectators are gamblers?"
Kahn agreed, adding:
"And I would be compliment
ing the gamblers"
Not Gambling
Kahn finally agreed that in
vestments in "catS and dogs
stocks constituted gambling but
investments in staple stocks were
all right.
eff a man had 100000 and
put $4,000 in cats and dogs,
I'd call it cats and dogs. If a
man whole fortune was $4,000
and he put so or so per cent
of it in a security in which he
believed, 1 would not call that
gambling"
Pecora asked if Kahn believed
in laws to restrict speculation
or gambling to avoid harmful,
social effects" Kahn had as
serted Government regulation oi
the New York Stock Exchange
would be desirable and in the
public interest.
"Yes-tO avoid harmful social
and economic effects"
Then Kahn asked the commit
tees indulgence to express his
philosophy of preSent-day condi
tions.
Every 30 years this country
determines it will change it's
economic pattern. 1t did so
under Theodore Roosevelt. It
has done So now in the last
The Washington times., 1933-06-29

bonds 90 bad bonds C4 good
stocks and go bad stocks.
The big flierr which America
took in foreign loan fields was
excused by Kahn on the score
that 1--WE were a young nation
Just learning"
England, a lending nation for
centuries, now has 1875 foreign
loans in default compared with
1870 defaulted foreign issues held
in the United States, the witness
stated.
1--WE learned from experience.
"Tm sorry that experience
came in part out Of the
pockets Of the American in
vestOrs. 1t also came in part
out of the pockets Of Ameri-
can bankers.
"HindSight has shown that
many of these securities
ought never have been offered"
Incomes of Rich
Kahn, noticing Senator CoStigan
D) of Colorado, in the room,
diverted the hearing to defend
the incomes of wealthy men. He
recalled how CoStigan asked
Thomas w. Lamont, a Morgan
partner, what he thought about
the concentration of Great wealth
in the hands of a few men.
Kahn read a statement from
one Wall Street Statistician that
81 per cent of the total income
of the nation in 1925 went to
people with incomes of less than
$4,000 and 13 per cent to persons
with incomes in excess of $4,000.
He said:
"The annual realized income
Of persons with incomes in ex-
cess Of $15O,OOO a year was but
The Washington times., 1933-06-29

One-Sixtieth or 1.6 per cent Of
the total income.
Costigan asked:
do your figures show how
many wage earners in 1925 were
getting less income than would
enable them to live under de-
cent standards?
"NO; 1 don't have that infOr-
nation"
Pecora finally brought Kahn
back to the stock deals with his
daughter.
"Why didn't you sell all the
stocks you sold on December 80,
1880, to your daughter?"
II suppose because my daugh-
ter didn't have sufficient funds
to buy them"
The Washington times., 1933-06-29
S100,00O BALM
ASKED BY GIRL

NEW YORK.-Seven years is a
long time to wait for anything,
particularly marriage, and when
at the end of such wait the
prospective husband ups and mar
ries another woman, why then
it's just too bad. 100000 worth of
too bad.
So thinks Miss Margaret O'Brien,
of Brooklyn, as expressed in
breach of promise suit in Brook
lyn Supreme Court against Fred
Paulsen, wealthy sportsman.
Back in 1923, when Miss O'Brien
was % and PaulSen was 23, Miss
O'Brien said she met PaulSen at
a party in Brooklyn. Their
friendship developed until 1925,
when they attended a wedding.
The ceremony impressed Paulsen
very much, according to Miss
O'Brien, and he proposed that
they arrange a similar ceremony
themselves.
Miss O'Brien says in her COM
plant that Paulsen made nine
similar proposals between then
and January, 1888, when one day
he went off and married Kath-
crime McKeon, of Brooklyn, a
childhood sweetheart.
The Washington times., 1933-06-29
TEETH For GOLD

JACKSON, Wyo., GN.SJ-Two
gold dental plates were recently
turned in at a local bank to pro-
vide temporary relief for a ranch
family living near Jackson.
Harry r. weston, Jackson banker,
forwarded the plates to Denver
for valuation. The plates were
brought to Weston's bank by a
ranch women who declared they
were her only means Of obtaining
cash.
The Washington times., 1933-06-29
STREET RAT

HARTFORD, Conn. GN.SO.
The unusual spectacle of a musk
rat battling a policeman on a
crowded downtown street was
seen here the other night. The
animal was amusing itself by
swapping at the heels of passers-
by. Patrolman John Brown, with
an ice pick, slew the rat as it
made a dash for his ShinS.
The Washington times., 1933-06-29
rV BY International News Service

~ BY International News Service
Otto H. Kahn, head Of Kuhn,
loeb g. Co., New York private
bankers, took a $117,584 loss on
his income tax for 1880 by sale
of, stocks to his daughter, Mrs
Maud E. Marriott, he testified to
day at the Senate banking in
puiry.
Kahn explained he made the
sale on December 80, 1880. Three
months later he reacquired the
stocks when his daughter assigned
them to him. The double trans
action, termed illegal" by Gov
ernment field agent, later was up
held by the Internal Revenue Bu-
Teau.
A Trust Fund
The incident revealed another
aoophole in the income tax laws
and enabled Kahn to escape Fed
eral income taxes for the year
1880.
Ferdinand Pecora, special Sem
ate counsel, asked Kahn to ex-
plain the assignment of stocks
from his daughter. The assigned
was dated December 81, 1880, a
day after he had sold her the
same stocks. Kahn said it actu-
ally was executed in March, 1881.
Kahn explained the assignment
from his daughter to himself was
made as one step in a plan to
create trust fund for her bene-
lit. He said:
E1n March, 1881, my daughter
arrived in this country. 1 dis
cusSed her affairs and went
over a plan to set up a trust
fund to her. 1t was part of the
plan that she turn over her Sc
curitieS to me. The assignment
of these stocks was made March
81, 1881, but the assignment was
dated December 80, $780,"
Loss Was Allowed
Kahn revealed that in April,
1882, a field agent for the In
Gernal Revenue Department raised
the point that the securities sold
by him were reacquired within 80
days and therefore the $500
loss could not be allowed.
He explained he was in Europe
ht the time. His attorneys ap-
pealed to the New York office Of
the Internal Revenue Bureau, he
said, submitting proof that the
securities were not reacquired in
30 days.
The New York office and the
Washington office Of the Internal
Revenue Bureau, after making an
investigation, upheld Kahn by al
lowing the loss.
Guided by Lawyo-
Kahn said the assignment was
predated on advice of his at
torneyS.
"The attorney advised that
the cancellation of one trust
and execution of a new trust
should take place at the end
of a calendar year. So We
dated the assignment as Of
the last day of $780,"
Kahn admitted having sold Sc
curities on other occasions to
members of his family for in
come tax purposes.
"Did you make practice Of
selling securities to your daugh-
ter or any other member Of
your family at the end Of the
taxing year"
"Several times"
''Every year?"
"I'm not certain how fire.
quently."
Did you on other occasions
when you made sales to your
daughter or other members Of
your family, subsequently re-
acquire these securitieS?"
ITO the best of my knOwl-
edge, never within 30 days and
seldom at ALL"
Pecora asked if it was "cus-
tomary for others to buy and sell
for your account, without consult
ing you?"
The witness replied. Friends
IN whom I had implicit conf
dence often did"
He explained his duties often
The Washington times., 1933-06-29

Time is valuable! Save II when shop
ping for apartments by FIRST consult.
Ing the Rental Columns Of the WANT
AID SECTION of this newspaper.
The Washington times., 1933-06-29

N AOD DSPOCASaAANCo HI W
w era Pumps and shows
more variety, more sizes,
widths, heel heights, ETC.,
than ever before in its
history.
This is an opera pump
that anyone can wear. A
special process prevents
''biting" or pinching at
the instep. The sides will
not ''gape" or spread.
In White Kid, White or
Pastel COlOred DOeskin,
Brown Kid, Black Kid,
Patent Leather and other
materials suitable for
wear now and in the Fall.
Specially priced at
$2.98.
The Waterbury Democrat., 1933-10-12
|THOMASD. RYAN
 ART COLLECTION
 WILL BE SOLD
Valued At Over Million and Will Go Up At
 Auction :

New York. Oct 12--(uP)-The
 art collection of the late Thomas Fortune Ryan, multi-milliopaire financier, will be sold at auction here November 23rd, 1t was re vealed to-day.
 Limoges channels, sculptures, tapestries and valuable oriental
 rugs, valued at $1,315,230, will Do disposed of by tho American Art Association Anderson Art Galleries, Inc, by order of tho Guaranty Trust company, executors of Ryan's
 $121,000,000 estate.
 Tho auction will. 1t Is believed. rank with the disposition of the famous Ebert H. Gary collection in the same galleries several years ago.
 Ryan stipulated In his will that the collection should not be sold at less than tho appraised value figure. He likewise directed that
 his wife and son should have the
 first right to purchase. Included in the collection is one of the finest channels in the world --thc "Crucifxion" by Monvaerni. Also included arc the Portrait of the Connotablem dc Bourbon" by
 Llmousin. and the Nardon Penl-
 caud "Entry Into Jerusalem" Among the sculpture group Is tho bust of Beatrice of Arngon"
 and a companion piece by Fran
 cesco Laurana, and the "Madonna
 and Child" by Rossclino.
 The tapestries includca silver
 woven Brussels hanging of l5SY,
 while In the oriental rugs group
 Is a palace carpet 32 feet long.
The Waterbury Democrat., 1933-10-12
|DIVORCEL
 OF ENGLAND MAY
 BE LIBERALIzED
Next Parliament to Be Asked to Change the
 Rigid Rules

London, Oct 12-(UP)--Liberal- ization of the rigid English divorce laws will be asked in the session Of parliament that begins November ', 1t was learned today.
 A bill prescribing changes in the present laws has won the support of many influential members of tho house of commons. 1t was under- stood.
 Grounds for divorce under the proposed bill will include: Adul- tcry, desertion for three years, grave physical and mental cruelty, incurable insanity, habitual drug taking or drunkenness and impris- onment under a committed death sentence.
 In addition annulment of mar riage would be authorized on grounds of insanity or epilepsy at the time Of marriage, social dis ease at the time of marriage. fraud by woman in representing her condition upon marriage and wilful refusal to undertake the duties Of marriage.
 If the bill were passed 50,o00 lunatics in England could be div. breed. Now the only ground for divorce Is adultery. Until n few years ago 1t was necessar" for q f woman in seeking divorce to prove desertion as well as adultery.
The Waterbury Democrat., 1933-10-12
SENATOR DAVIS
 TRIAL ENDING
If Convicted in the Lottery Game, Sentence May
 Be Severe

New York, Oct 12.-(UP)- Senator James J. Davis of Pennsyl- yani,a directed the shipment of lottery tickets in violation of in- terstate laws, although he may not have sent or received them per- sonally, the government charged att he conclusion of his trial to- day.
 Louis Mead Treadwell, assistant United States attorney, opened the governments final summation in low conversational tones, directly in contrast with the highly emo- tional plea for his acquittal made yesterday. by Davis attorney, Charles J. Margiotti. Treadwelrs summation was q simple exposi- ton of the nature of the charges and then of the governments claims. regarding Davis participa- ton in the alleged lottery con- nected with the Moose fund rais- ing campaign of 1881.
 Dressed in a gray suit With a blue figured tie, Davis sat at the defense counsel table with his son, James J. Davis, Jr, 1S. His wife and two daughters who were with him yesterday were not in court today.
 If convicted. Davis faces a maxi mum of 2S years or $2S.0OO fine or both.
The Waterbury Democrat., 1933-10-12
TAMMANY IN ONE MORE ARGUMENT
 OVER ELECTION
Use of Ballots or Machines Starts Another Row
 in Campaign

New York, Oct 12-(UP)--The innumerable battles incident to New York's mayoralty campaign in which two reform candidates are opposing one another for the priv ilege of busting Tammany Hall from City Hall shifted to-day to the Tammany controlled board of elections.
 The question at stake was whether voters in the November l, election would use voting machines or paper ballots. The election board thought that an unprece- dented number of candidates for every office from alderman to may or would force the use of ballots. Anti- -Tammany politicians saw the possibility of wholesale fraud and demanded machines.
 No fewer than 2S parties have qualified for representation in the election. Some politicians hinted at a plot to eliminate the voting machine which guards against many chances for misrepresentn- ton by dishonest election officials. Each of the 2S parties had an emblem 1t wished placed on the ballot or on its own private line in tho voting machine. Some of the em blems were: Taxpayers party, n goat; Independent Citizens League. n bulls eye; no boss represe ntative. q pigeon; new deal party, stork and baby; emancipation party. an airplane.
 The question was debated in a heated session of the board of elcc- tors. Chief Clerk McGowan, be- came so excited when Louis Cohen, worker for candidate Joseph " Mckee accused McGowan of hav- ing thrown him out of the boards offices that night before, that he followed Cohen through half block of corridors calling him a liar and various synonyms at every step. l Mckee, who is running against the Tammany incumbent, John P O'Brien and the fusion candidate Florello IT. LaGuardia with the TO. ported backing of the Roosevelt administration, opened his cam. paign at Cooper Union last night He promised to reorganize the city government and practice rigid economy. He denied emphatically that he was q "boss" candidate.
The Waterbury Democrat., 1933-10-12

 PASSES SUDDENLY
Died Last Night After Two Weeks IlIness-Euner.
 al Saturday
t1homaston Correspondcnce)

Henry J. Lavaiaye. age 55. died at the home of Peter Duff on Grove street, Wednesday night at 11:15 o'clock following an Illness of two weeks. His death came very sudden as he was consider ably improved Wednesday and his death was not expected. Mir La. valaye was born in New Haven and located in Thomaston 3Ryears ago, he was of a bright and happy dis positoin and during the many years he resided here he had gained a large circle of friends who were deeply moved by his passing. He leaves one sister, Mary Alice of Buffalo, N. Y., and one cousin, Henry Odcnwerchen of New Ha- ven. He was member of At. inntic Council, Knights of Colum- bus and Ancient Order of Fores- ters. The funeral will be held from the home of Peter Duff Sat- urday morning at 0:30 o'clock to St Thomas church a half hour later.- Interment will be in St Thomas cemetery.
 To Give Dance This Evening
 The Atlantic Council, Knights of Columbus will hold q dance at the Merry Round on the Torring- ton road this evening. George Bernatchez and his orchestra will furnish the music for dancing which will start at o'clock. Tick cts for the event have enjoyed q big sale and over two hundred couple are expected to attend. To Celebrate 10th Wedding Anni. ycrSary
 Mr and Mrs Walter Hurford of Pine Hiii, Reynolds Bridge, ccie- brated their 10th wedding annivcr- sary at their home Tuesday. They were married in Troy, N. Fl. Mrs Hurford was Miss Alice Johnson of that city before her marriage. sev- erai friends and relatives gathered at the home, and the couple were presented with presents and flow CTS.
 Died This Morning
 Anthony Kulvoski died at his home on Bristol stree this morning following short illness. The funeral arrangements will be an- nounced later.
 To Meet Naugatuck Sunday
 Tho Ponies A. C. football team will practice this evening. Henry Trophy has booked Naugatuck for q game here Sunday afternoon on tho Plume and Atwood field.
The Waterbury Democrat., 1933-10-12
TORRINGTON
Enx Vincent Resigns

Francis T. (Fay) Vincent, for. mer Torrington boy, resigned his position as coach of the Thomaston Ponies football team Tuesday even. ing.
 Vincent has been coach of the Ponies since 1031, during which year the Ponies won the state title.
 Jack Innes, veteran Thomaston performer, has been appointed his successor.
 George T. Higgins of Waterbury manager of the Torrington office of the Home Owners Loan corpor. ation in the Chamber of Commerce building since 1t was opened, has been transferred to the Waterbury office of the corporation. Thomas Hoben of this city will be in charge of the Torrington office with Ed ward Kazemekas of Waterbury as interviewer.
 One loan application for $6,400 was filed at the local office Tues. day. This brings the grand tota to $524,197.
 Statement of Election Expenses
 Filed
 Several expense statements have been filed with the town clerk by candidates ih the recent city and town election.
 Tho candidates, and their ex. penses are as follows: A. c. Ras. piller, clerk, $14 for ballots and advertisement; Erie l.. Stowe council, $1.50 for ballots; Moses w Doyle, Jr. council $5 donation tc the democratic town committee Edmond Cadoret, board of relief $5 donation to the democratic towr committee; Daniel Ryan, assessor s5.4O, donation to the democratic town committee and stamps; Pat. rick R. Phelan, council $15 dona. tion to the democratic town com. mittee.
 No expenses were reported by the following candidates: Clifford w. Hopkins, selectman; Ernest J Pardon, selectman; Erwin P. Man. teuffekm, board of relief; and John N. Brooks, treasurer.
 All candidates are required te file their expense statements within Is days after the election.
 Firm Leases Main Street Pr0pcrt,
 The Sears. Roebuck company has definitely decided to lease tho Community Cooperative propert, on Main street opposite City Hal and has informed the officers ol