davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-06-22
By MOLLIE MERRICK.

HOLLYWOOD, Calf. June %
(NANAD-The newest Dietrich re-
lease. Song of Songs" brings us
Marlene not directed by Josef Won
Sternberg. but by Reuben Mamoulian.
It is Dietrich with a brighter tempo
but less beautiful from camera stand
point. Won Sternberg was a camera
man in the old days and he never al
lowed a shot of his discovery to stand
which did not present her in perfec-
ton.
During the casting of Song of
Songs" there was considerable agita-
ton by the studio for Fredric March
in the role of Waldow, the artist lover.
This was promptly vetoed by La Diet
rich who drew Brian Aherne, one OF
the better type walking sticks OF the
acting profession, who Stalked through
this with rigidity and consistent in
difference to all emotion, which became
exceedingly annoying and which cul-
minated in a frozen rendering OF the
final speech of the picture which COM
pletely robs it of all emotion or lllu-
sion.
Dietrich drew Lionel Atwill for the
lecherous old Baron Won Merzbach ana
this gentleman Immediately walked
away with the picture. He eStaonsneo
a tempo which dominated all the scenes
in which he appeared, and by ms
subtle introduction of comedy INTO the
sinister character won for the picture
the only laugh relefs which it enjoyed.
His portrayal becomes one OF the nneSt
individual performances of the year and
saves the day for what would become
totally undistinguished piece OF gela-
tin.
Sam Hoffenstein and Leo Birinsk
adapted this from the novel OF Her
man Sudermann and the play of Ed
ward Sheldon, doubtless Incorporating
the weaker features of both The
baron, a character poStulated carefully
during the first two-thirds OF the pic
ture, is allowed to fade out without
the rounding off of his mental proc
esses being Snowman act which weak
ened the closing sequences.
Alison Skipworth wasn't up to her
usual snuff and manned occasionally
in the fine way she can when unin-
spired. Helen Freemans Miss Won
Swartzfegger was exceedingly well done.
Hardie Albright was secretary in love
with Lily Dietrich), but nobody took
it very seriously.
Reuben Mamoulian is an artist Of
quality but this one of his cinema chill
dren is marked by touch OF indie
clSlOn WHICH IeIlOcIS IL lCoo VI OIL
achievement than his earlier ventures
in talking pictures.
Our incorporated movie stars are be-
coming more numerous. Bebe Daniels
has been an inc. for some time now.
Bing Crosby inc'ed recently. And now
we have the Gary Cooper Ranches,
Inc, in Beverly Hills with offices. If
you please.
Gary's ranches are really something
to consider There Is land in Mon
tana, Colorado, Arizona, Wyoming and
in the desert reaches of California near
Palm Springs. His most recent ac-
quisition between Palm Springs and
La Quinta will be developed into a
Winter resort.
He Is q producer who has under
contract a talented boy He spends
much Of his time suppressing unpleas-
ant stories, bailing his ace-cornered in
vestment out Of nearby jails and head
ing off reckless enterprises. The other
night, having just spent an afternoon
of difficulties about his genius under
contract, he took drive with friend
-
Evening star., 1933-06-22


by
to
to be one of
the California bar when she only 81 Of she forsake legal
1888 offered contract by Director Erie Kenton who
a "DEgraced
Evening star., 1933-06-22
Out Where the Movies Begin
Dietrich's Newest Picture Produced Without Von
Sfernberg-Lionel AtpM Wins High Prdse-More
Stars Incorporate Themselves in Hollywood.

weary spirits. On the road they passed
this sign: "Obel Johnson's model ken
nels. undesirable habits corrected.
House manners, prompt obedience, in
tricate tricks and show manners
taught"
The friend had just said: What are
you going to do with him?" when our
producer caught this sign out of the
corner of his eye. He was beginning
to mellow from the lemonades he had
hoisted so he grinned: "Aw, I dunno:
turn him over to this guy, guess"
(Copyright 1898 by North American News.
paper Alliance, 1nc)
Evening star., 1933-06-22
TAKOMA PARK COUPLE
MARKS SO YEARS WE'D
Mr.. and Mrs. Benjamin r. Smith
Are Entertained at Home Of
Their Son.

Special Dispatch to The Star.
TAKOMA PARK, Md, June 22.-Mr.
and Mrs. Benjamin F. Smith Of 101
Chestnut avenue, pioneer residents Of
this place and parents Of j. Bond
Smith, Tuesday quietly celebrated the
fiftieth anniversary Of their wedding.
They were entertained at the home
Of their son and received their friends
congratulations. Mr.. and Mrs. Smith
were also presented by their neighbors
in Takoma Park with handsome gold
and silver vase.
Evening star., 1933-06-22
FOX DIRECTOR RESIGNS.

NEW YORK, June 81 R-The Fox
Film Corporation tonight announced
the resignation Of e. r. Tinker as q
director, chairman Of the board and
member of the executive committee.
Tinker said he was about to under
take special work for the Chase Ma
tional Bank in conenction with the re-
organization Of the West Coast The
aters group.
Evening star., 1933-06-22

have been 1uSSlng
about with rhymes
and one two -threes.
so that if, for in
stance. you waltz
into Keith's tomor-
row you may see
R-K-O's contrlbu-
ton to such eplcs
in the form OF
Melody Cruz i S e"
(Mr. Meakin's ad-
vertisements + or
this have been not
ably juicy), and II
YOU can walt for a
few more weeks
Univers al will
bounce forth with
a musical which
y, r4,.a +I,o+
Evening star., 1933-06-22

THERE is plenty of music in the
Most of the country, stuffed
to the ears with "42nd Street"
and Gold Diggers" tintinabula-
tions. now is eagerly awaiting that
promised musical which is to come
forth from the lavish Metro Goldwyn-
Mayer studio. Other companies, too,
Evening star., 1933-06-22

He Is . producer who has under
contract a talented boy He spends
much Of his time suppressing unpleas-
ant stories, bailing his ace-cornered in
vestment out Of nearby jails and head
ing off reckless enterprises. The other
night, having just spent an afternoon
of difficulties about his genius under
contract, he took drive with friend
to let some cool air calm down his
Evening star., 1933-06-22
DANCING.

BALL ROOM DANCING-LOW sU1N1F1
rates; class Tuesday evening; private leaaonS
ny appointment. LEROY II. THAyER lS62
The Washington times., 1933-06-27

Iposits from IS corporations to
tailed $12,891, ,901.47.
In 1880, 10 corporations de-
posted $31,245,767.37 with the
firm.
In 1929, 10 corporations de-
posted $50, ,7O3, ,04O.79.
This was the "big year" for cor
porate deposits.
In 1923, II corporations put $685.
338,974.89 on deposit with the
firm.
The Kuhn, Loeb depositors who
deposited in excess of $4,000
through the years 1927 to 1881,
inclusive, were:
Balaban and Katz Corporation,
B. & o. R. R. Co., c. & o Rwy.
Co.; Chicago, Milwaukee, St. Paul.
and Pacific r. r. Co.; Chicago and
Northwestern Rwy. Co., Delaware
and Hudson Co., Denver and Rio
Grande Western r. r. Co.; Gulf,
Mobile, and Northern R. R. Co.;
Hudson Coal Co., Hudson-Manhat-
tan r. R. Co., Illinois Central r,
R. Co., Indiana and Illinois Coal
Corp, Inland Steel Co., Interna.
tional-G Great Northern r. r. Co.
Kansas City Southern Railway
Co.; Midcontinent Petroleum
Corp; Missouri-KansaS & Texas
R. r. Co.; Missouri Pacific r. r.
Co.; National Malleable Steel
Castings Co.; New Orleans, Texas
& Mexico Railway Co.; Pacific
Oil Co.; Paramount Famous
Lasky Corp; Paramount Publix
Corp; Pennroad Corp; Pennsyl-
vania Co.; Pennsylvania r. R.
Co.; Southern Pacific Co.; Texas
g. Pacific Railway Co.; Trans
portation Products Corp: Union
Pacific R. R. Co.; Utah Fuel Co.;
Wabash Railway Co.; western
Maryland Railway Co.; Western
Union Telegraph Co., Inc; West
The Washington times., 1933-06-27

Hprice to the public.
The witness asserted:
Recently, some Of our cll-
ents wanted to sell to us at
SO. We told them, Wait a
while and you will get a much
better price, Before long, the
clients who had wanted to sell
at SO were able to sell at 81"
The balance sheets of Kuhn
Loeb and Co., for the years 1927
to 1881 were introduced in evi
dence by Kahn. The assets on
December 81, 1927 were $97 7,244,
628.02; on December 81, 1928
were $780, ,970.91; on December
81, 1929, were $120, ,402, ,103.78; on
December 81, 1880, were $85, 1885,
| 1882, and on December 81, 1881,
were $66,974, ,845.46.
Gain in u. S. Bonds
The balance sheets showed the
assets fell over $4,000, 900 in two
years following the stock crash of
1929. One interesting revelation
of the balance sheet was the
firms reduction of call loans
secured by stock exchange col
lateral. They fell from a total
of $60,825, 900 in 1927; to $46,.
18O, 900 in 1923; to $39, 9,350,000 in
1929; to $8,725,000 in 1880 and
finally to only 100000 in 1881.
The firm apparently held no
U. s. Government securities until
after the 1929 crash. The 1880
balance sheet showed $9,146,956
in Uncle Sans securities, which
in 1881 had increased to $24,-
GIG, ,859.72.
The balance sheet showed in
1927 and 1928 the firms capital
was $20,0O0,O0O, which was in
creased to $25, 1000, 900 in 1929 and
1880. In 1881 it fell at $21 ESQ, 900,
Sharp Declines
The last balance sheet, dated
December 81, follows:
Assets-Cash on hand and ir
banks, $16,295, ,242.03; call loans
secured by stock exchange col
lateral, 100000; all other loans
$8,378,314.21; accounts receivable
The Washington times., 1933-06-27

; linghouse Electric & Manufacture
ing Co.; Westinghouse Lamp Co.,
and youngstown Sheet & Tube
CO.
Bank Deposits
Kuhn Loeb in turn had $1,328,-
COLO on deposit in New York
banks on March 81, 1888. These
deposits were:
Balance as Of March 81, 1888:
Guaranty Trust Company, Of New
York, $748,624.61; National City
Bank, New York, $161 ,792.03;
Chase National Bank, New York,
$50, ,498.36; Chemical Bank and
Trust Company, New York, $780,
392.84; Bank Of the Manhattan
Company, New York, $57 ,293 .26.
In preceding years the firm also
had deposits in the Mechanics and
Metals National Bank and the Ma
tional Bank of Commerce.
From 1927 to 1881, the firm
maintained deposits at various
times in many foreign banks.
These deposits shrank by March
81, 1888, to infinitesmal sums. In
some instances, the accounts had
been closed entirely.
Advise Examinations
The larger balances were $685.
1928 in Westminster Bank,
Ltd, London and $101, ,476.50 in
the Amsterdamsche Bank at Am
sterdam.
The firm owed the Bank of
Montreal, London, a debit of
5000. Kahn did not explain
the overdrawing. The trifling
accounts were in banks in Lon
don, Berlin, Frankfurt, Vienna,
Paris, Antwerp, Brussels, Zurich
and Oslo.
Kahn surprised the committee
by advocating periodic State ex-
animation of private banks.
The Washington times., 1933-06-27

$777, ,409.31; United States Gov
ernment Treasury bills and GER
tificates, $24,919,895.72; State and
municipal bonds, $9,953, ,051 rs;
other bonds and stocks, $6,S50,-
968.34; total assets, $66, 1914, ,845. As.
Liabilities: Capital, $21, ,250, 900;
deposits, $29,118,918.20; accounts
payable, $16,605, ,927.2 total liza
bilities, $66, 6,974,845.46.
The articles of partnership Of
Kuhn, Loeb & Co. were placed
in the record. The contribution
of capital and participation in
profits had been deleted, with
the committees consent.
The articles revealed that four
partners had the power to decide
all disputed questions, even to
the extent Of demanding the re-
tirement of Junior partners. Two
of the four were said to be Felix
Warbury and Otto H. Kahn.
Nice Private Business
The partners shared losses,
according to their participation
in profits. There were two ex-
ceptions-two unnamed partners,
who were exempted from losses.
The same restrictions on in
veStmentS and speculation by part
nerS-as was written into j. P.
Morgan & Co.'s agreement-ap-
peared in the Kuhn, Loeb articles.
The agreement, placed in evi-
dence was dated December 81,
1882. The partners bound by it
were Felix Warburg, Otto H.
Kahn, George w. Bovenizer, Lewis
L. Strauss, William Wiseman,
Frederick M. Warburg, Gilbert
w. Kahn, John M. Schiff, Ben
jamin j. Buttenwieser, Hugh
Knowlton and Elisa Walker.
Kuhn, Loeb did a nice private
banking business. In 1881 its de-
The Washington times., 1933-06-27

and / am seeking 10 develop
our own business"
Reputable bankers do not
attempt to take away the eli
ents of other bankerS?"
"I'm not prepared to say
that. 1 can only speak for my
self. We do not go after other
bankers clients. We do not 60
after clients at all. We have our
show windOw-public conf
dence-and we wait for clients
to come in"
"DO you know of instances
where bankers went after the
clients of other bankers?"
81 have some instances in
mind, but 1 hope you won't
press me-"
POORER FOR 1T
"They have gone after our
business and we are poorer for
it,"
"Are they reputable bankerS'?'
IL regard them as reputable
bankers, though / wouldn't do
what they did"
He miSquoted Scriptures slight!
when he said:
"Let him who is without sin,
cast the first stone.
T'm guilty Of other sins,
but this particular thing, 1 do
not believe in"
Pecora asked whether competi
tive bidding by bankers seekins
to float corporation loans Wouli
be in the public interest.
"That kind of competition
was proved in 1926-28 to be ex.
ceedingIy costly to the public"
do you think a banker would
pay a price not justified by the
factS?"
"They have frequently. The
increased cost was passed on to
the public.
Il do not believe that kind Of
competition would be beneficial
to the corporation"
The Rail Loans
Pecora prodded Kahn on the
subject of free competition foI
railroad loans. Kahn said botl
the railroads and public wou1C
suffer. Pecora asked:
"The Interstate Commerce
Commission fixes the price of
all railroad bonds to the pub
lie, doesn't it? Then why
wouldn't free competition in
bidding for such issues have
some effect on reducing the
spread to the bankerS?"
"FOr a while, yes; but it
would diminish the protection
for the public"
"Has the /. C. C. disapprOved
a loan because the spread to
bankers was too lOw?"
"NO."
"Has the I. C. C. disapproved
loans because the spread to
bankers was too large?"
ONLY THREE REPLY
eyes, in some instances.
The futility of free competition
was demonstrated when the
Southern Pacific Railroad tried
to get bids for $4,815,OOO of
equipment trust certificates in
1925"
He said so bankers were asket
to bid for the issue and onl,
three responded.
Kahn added:
"The railroad rejected all
three kinds. Later, we handled
it at 1925 to the railroad
whereas the best price it got
on the free bidding was $685."
wasn't that an exceptional
instance?"
'No, 1 know of others. There
was the Cincinnati Union Sta
tiOn. 1t had the same expert
ence. The corporations wouldn't
gain anything. Responsible
reputable bankers wouldn't bid.
You'll pardon me for including
ourselves as reputable bankers
but 1 know we wouldn't bid.
We would feel it wasn't COM
patible with dignified perfOr-
nance and service"
Price Differences
Pecora called on Kahn to cit
proof that free competition woult
not decrease the spread between
Hhn rAa.ion .ansrl IN IL
The Washington times., 1933-06-27

When Pecora broached this
question the witness asked:
Don't you think that's
water over the dam in view
Of the new law just paSsed?"
He referred to the Glass7Steagall
banking act, which requires all
private bankers to give up either
their deposit or their investment
banking business within one year.
Kahn said:
every partner in the Kuhn,
Loeb firm is supposed to make
The Washington times., 1933-06-27

, a deposit to swell its aSset6
Whether he does or not, all part.
ners assume unlimited liability"
Up To IA Per Cent
In 1929, Kahn said, his firm
made call loans with clients
money at rates up to IA per cent.
He explained:
eve paid our customers the
call rates then prevailing less
u of 1 per cent when we made
these IOans."
The Washington times., 1933-06-27
BY international News Service

BY International News Service
Otto H. Kahn, New York cap
4talist and art patron, took thu
witness stand today at the Sen
ate's banking inquiry.
He was questioned about busi
ness operations of the great pri
Vate banking firm of Kuhn, Loci
and Company, of which he is thu
head.
The inquiry was conducted b!
q subcommittee of Senators-Sen
ators Fletcher CD of Florida
chairman; Costigan CD Of Colo
rado, GoldSborough (RO of Mary
land, and Townsend (R0 of Del
aware. Senator Barkley CD oi
Kentucky also was present.
Since 1897, He Says
Kahn wore a double-breasteC
blue suit, blue shirt, and blue tie
A gold collar pin and gold wrist
watch were his only jewelry.
Ferdinand Pecora, the commit
tees special counsel, examined
Kahn.
Kahn said he had been con
nected with Kuhn, Loeb & Co.
since 1897. He said:
"The firm has been in exist
ence about IS years. It has no
offices outside New York CITY,"
HAS the firm had any af-
filiations in recent years with
any other banking hOuse?"
"None."
Pecora then drew from Kahn a
description of the firms banking
business, including investment
dealings.
Leading European bankers
maintain relations with us but
none of any special significance.
Generally speaking, our clients
are corporations"
HAS NO UTILITIES
"What kind of cOrpOratiOns?"
"a majority are railroad cor
pOratiOnS. We have no public
utilities unless you would in
clude Western Union as a pub
lie utility, or the American TeIe-
phone and Telegraph Com
pany."
Kahn said his firm obtained
Its clients by maintaining "a
high reputation. He compared
the relations Of private banker
and his clients to that of a doc
tor and his patients.
"AlmOst since the beginning
Of the business we have spec
1alized in railroad securities"
I'm financing railroads."
eyes, perhaps unduly be-
cause we might have had more
profitable ventures"
Kahn said his firm invited rail.
roads to bring them financial
problems. He said Kuhn, Loeb
acted toward distressed railroads
like a doctor would toward his
patients.
Reputation Soundness
Kahn layed down his code OF
ethics. He said securities must be
sold at fair prices, "fair to the
client and fair to the public"
"Our business can only per-
Sist SO long as we retain the
good will and confidence Of our
clients and of the public.
1--WE have no show window by
which we can entice clients. Our
only attractivenesS is our good
name-Our reputation for sound
ness and integrity"
Kahn said bankers held office,
subject to reL ill-"recall by either
the client or the public"
There have been rises and
falls of bankers. 1 hope you
won't ask me to give any
nameS-but the record is full
of them"
Doesn't Seek Business
Kahn revealed that Kuhn,
Loeb had lost business to other
bankers who underbid them. Pc,
cora ahked:
eff you knew a railroad cor
pOratiOn wanted S5O,OOO,O0O
and had been financing with
other bankers, you wouldn't
think of going to the corpora
tiOn and asking for the busi-
nesS?"
1--WE do not seek clients"
"We wouldn't seek to take
any client from another banker
The Washington times., 1933-06-27

My cigarette is personal, intimate
thing with me. After all, it touches my
lips-and I do take pride in my sense
of daintiness. Naturally, "Toasting"
means to me even more than it does
to a man-for t~nty is something
very precious to fastidious woman.
The Washington times., 1933-06-27

He had no objection to my brand
of cigarettes. But, one day he asked
me to try his. Well, I did-and I've
been saying "Luckies Please" ever
since. And it's not merely because
Luckies taste fine and are ever so
mild. Let me tell you the real reason.
The Washington times., 1933-10-20
Children's Coughs
Need Creornulsion

Always get the best, fastest and
surest treatment for your child S
cough or cold. Prudent mothers
more and more are turning to Cre0-
mulsion for any cough or cold that
starts.
Creomulsion emulsifies creosote
with six other important medicinal
elements which soothe and heal the
inflamed membranes. 1t is not a
cheap remedy, but contains no mar
cotics and is certain relief. Get a
bottle from your druggist right now
and have it ready for instant use.
The Washington times., 1933-10-20
Dollar Unchanged
At London ODeninQ

LONDON, Oct. 20 UN.SO.-
The American dollar opened at
$4.54h to the pound sterling on
the London Exchange today, un-
changed from yesterdays close.
The pound opened at 811a francs
in Paris. Stocks were idle, with
internationals opening above the
Wall Street closing prices. Ger
man bonds firmer and Kaffirs bet
ter.
The Washington times., 1933-10-20
LABOR BOARDS
CREATED IN
FIVE CITIES
B. International News Service


Five regional mediation boards
to operate under the National La
Dor Board have been set up by the
MIRA, it was announced today.
The boards named are for New
York, Chicago, Cleveland, Phila'
delphia and st. Louis. Other
boards will be organized in BoS.
ton, Buffalo, Pittsburgh, Detroit,
Seattle, Los Angeles, San Fran
cisco, Cincinnati, Atlanta, Mime
apoliS and New Orleans.
BillikOpf Is Chairman
The impartial chairman of the
Philadelphia Board is Jacob Billi-
kopf. The industrial representa-
tives of the board are Morris E.
Leeds, president of Leeds and
Northrup Co.; Lessing Rosen-
wald, of Sears-Roebuck and Co.;
Joseph Moos, vice president of
Snellenburg and Co.; Fayette R.
Plumb and A. Raymond Raft.
Labor representatives on the
board are Thomas EtZrodt, of the
Printing Pressmen's Union; Frank
Burch, secretary Of the Central
Labor Union; Jack McDevitt, of
the Walters Alliance; Joseph
Phillips, of the Typographical
Union, and Emil Rieve, president
Of the Full-Fashioned Hosiery
Workers. Union.
Hickenden Heads Board
The impartial chairman of the
Cleveland board is DR.. William E.
Wickenden, president of the Case
School of Applied Science. The
industria representatives are
Henry M. Lucas, president of the
Lucas Machine Tool Company;
F. R. Fishback, president of the
Electric Controller and Manufac-
turing Company; H. F. Affelder,
of the Wolfe Envelope Company;
W. S: Lester, of the Bartlett and
Snow Company, and Samuel
Halle, of the Halle Company.
The labor representatives are
2. S. Grady, secretary of the
Printing Pressmen's Union; Abra-
ham Katofski, of the Interna-
tional Ladies' Garment Workers
Union; James Malley, president
of the Central Labor Union;
Thomas Farrell, president of the
Walters Union, and George Lam
brix.
The Washington times., 1933-10-20
DGL0dier's Cabinet
Faces BHdQet Crisis

PARIS, Oct. 20 UN.SO.
Premier Daladier's cabinet was in
a precarious position today as
opposition in the Chamber of
Deputies to the government
budget program crystallized. Fears
regarding ability of the franc to
remain on the gold standard com.
plicated the situation. Premier
Daladier urged economies to bal.
ance the budget.
The Washington times., 1933-10-20
Phone Unit Selects
NRA Representative

j. K. O'Shaughnessy, of the
long lines department, American
Telephone and Telegraph Com
pany, has been chosen to repre-
sent that department before the
NRA. O'ShaughneSSy, who has
worked for the company 18 years,
was appointed at conference of
employees. 1t must be ratified by
employees in the 1876 branches OF
the department.
The Washington times., 1933-10-20

ADVERTIsEME EMIT
The Washington times., 1933-10-20
Control Extended
To Refinery Output

In another drastic move yes
terday, Secretary of the Interior
Ickes, as oil administrator, ex-
tended Federal control over the
industry to include production Of
refineries.
The administrators order, is
sued by authority Of the NRA
code. directs that the country be
divided into refinery districts
and proper ratios set up between
gasoline inventories and sales for
each district.
The Washington times., 1933-10-20
DR.. KresS Elected
BU WOmen'S Union

DR.. Lauretta Kress last night
was elected president of the Ia
koma Park (Md) Women's Union
for the eighth time.
Others elected were Mrs. Ber-
tina CLANCY, first vice president;
Mrs. M. K. Campbell, second vice
president; Mrs. N. D. Guerrier,
treasurer; Mrs. c. c. Pulver, re-
cording secretary, and Miss Grace
Seeley, corresponding secretary.
The Washington times., 1933-10-20
Library Club Plans
Exhibit of Antiques

Arlington Community Library
Club will sponsor an antique show
in the community house, Novem-
ber 8 and 9, it was announced to-
day.
A small fee will be charged
visitors, the proceeds to go toward
library work. Numerous antiques
have been promised for the eX'
hibit and others are being sought.