davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-12-30
Insurance Payments
Set NeLv Hiqh Record

NEW YORK, Dec. 80 GN.S0.
Life insurance companies this
year paid out $3,1OO,OOO,00O to
policyholders and beneficiaries,
a new record high, Frederick H.
Ecker, president, Metropolitan
Life Insurance Co., disclosed to-
day in his -ear-end review. Ad-
ding loans to policyholders, he
said that total payments in the
last five years reached the enor-
nous total of $14,803, 100000.
He emphasized the strength
and liquid position of the insur-
ance companies at the close Of
the year, and the reversal in the
trend of new insurance sold in
the last few months after a sharp
drop earlier in the year.
The Washington times., 1933-12-30
Federal Oil Rule
Praised By ByLes

NEW YORK, Dec. 80 Q.N.S).
The entrance of the Government
in the control of crude oil pro-
duction this year was hailed to-
day as promising better things
for the petroleum industry by
Axtell j. Byles, president, Ameri-
can Petroleum Institute.
He insisted that under Federal
control of output there was no
danger of runaway prices for
motor fuel or refined products,
since these could easily be curbed
by readjustment Of production.
He predicted that Government
supervision would be necessary for
some time to come, but that
such a policy need not necessarily
involve Federal operation Of the
industry.
The Washington times., 1933-12-30
Impressions of Farley
Recorded By Haney

old normal" which was inflated
and probably much too high.
This makes the current figures
seem worse.
When I read my history, I find
the record of Granger agitations,
Coxey's army, riots, and even talk
Of revolution. I believe that we
would find AS much threat Of
social upheaval in past periods
as recently. Yet, here we are.
Analogy Misleading
The mechanical analogy Of q
boat about to sink is thoroughly
misleading. A nation isn't a hol-
low thing Of wood or steel. It
consists of living men, and wom-
en-, who must and will go on
living, consuming, and producing.
(Anyhow, no one knows that the
sinking point had been reached0
In my address, said:
"Many observers have feared
q revolution They say that If
we have more deflation we will
have q collapse, followed by
riots and possibly armed revolt.
But If conditions really re-
quire such violent adjustment,
the sooner the better. If our
society lacks sufficient cohe-
sion and our Government Is un-
able to control anti-Social ele-
mentS, let us face the facts.
"For one, do not believe
that these bogies would mate
rialize. / think our labOrerS
want to earn wages, and our
farmers to sell their products.
1 know that we have had such
'collapses' in the seventies and
in the nineties. / do not fear
a revolution among the people
of this country half as much
as 1 do a brain storm original
ing in Washington"
Already we have evidence that
once excess supplies are taken
care of business would revive Of
itself. Look at the way the buy
ing and production of automo-
bileS have spurted. Look at the
way the beer and liquor business
have sprung up.
Neither Dead, Nor Dying
These and other illustrations
show that business is not dead,
nor dying.
We have passed through sew
eral periods when not only the
economic life but even the po-
litical life Of the nation seemed
to be in doubt. We have re-
covered without any NRA or
AAA. I believe we could do it
again.
And all economists agree that
we have never inflated at the
bottom Of cycle. Our recoveries
have always followed deflation.
The Washington times., 1933-12-30
NET GAIN SHOWN
FOR WEEK IN
COTTON

NEW YORK, Dec. 80 GN.S0.
In the final week Of the year,
the New York cotton market
scored gains Of almost so cents
a bale, although the period was
featured by the usual holiday
dullnesS.
BulliSh sentiment was aided by
persistent rumors that some form
Of initiation would be forthcoming
in the approaching congressional
session which convenes next
Wednesday.
Hope High for Future
Cotton men generally were
looking forward to the new year
with high hopes and the buying
which took place during the week
was in anticipation Of a substan-
tial advance in prices after the
turn Of the year.
Reports. that considerable cot
ton has been turned in on the
Governments dime-loan plan dur
ing the last two weeks was an
other sustaining factor in the
market.
Washington is loath to disclose
the size of receipts to date. A
total of 100000 bales are known
to have been turned in, and
supposedly the total is between
100000 and 100000 bales.
ExnOrts Are Smaller
Exports of American cotton
were smaller this week than in
the corresponding week last year,
the New York Cotton Exchange
stated in it's weekly statistical
reports.
They totaled 10000 bales,
against 10000 a year ago, bring
ing the total during the season
to date to 4,075, 900 bales, against
4,051,000 in the corresponding
period of last season.
NEW ORLEANS, Dec. 30
G.N.SD The New orleans cot
ton market registered gains of
about SO cents a bale in the
shortened holiday week just past,
the final trading session Of 1888,
with futures moving into new
high ground on the current move.
Although the market moved
forward appreciably during the
week, it appeared sluggish at
times, due no doubt to the holi-
day influence. However, spot in
terest was said to be somewhat
better, with domestic mills, deS-
pite the shutdowns during the
past few days, proving to be the
best customers.
The Washington times., 1933-12-30
Consumption Higher
With Meat Price Lou

NEW YORK, Dec. 30 GN.SD.
With meat production in the
United States in 1888 estimated
at 1000, 100000 pounds in excess
of that of the previous year,
livestock and meat prices have
been low, and pork prices have
been lower since the processing
tax went into effect" William
Whitfield Woods, president Of the
Institute of American Meat Pack
ers, stated today.
The Washington times., 1933-12-30
Fenner and Be0ne
Resume Old Name

Announcement is made that the
name Of the firm of Fenner,
Beane & Ungerleider will be
changed to Fenner & Beane, ef-
fective January i, 1884. The firm
thus resumes the name under
which it was originally estab-
lished in 1917.
The change results from the
recent retirement of Samuel Un-
gerleider as a partner, who re-
signed for the purpose of entering
another line of business. The
firm long has maintained a large
office in Washington.
The Washington times., 1933-12-30
Good Business
MewS Lines

One company declares extra,
another resumes and 13 pay
regular dividends in day. -.
Cigarette and fine cigar output
increases for year. .Kr0ger
Grocery and Baking Company
sales in Christmas week re-
ported heaviest in years. =.
American Hawaiian ship line
reports IL months profit Of
S842,082, compared with loss Of
S245,96O for like 1882 period. E.
Freight lOadings last week sur.
pass those of similar terms in
both 1882 and 1881. Electric
lamp sales this year IL per cent
above previous IL months. ).
December building contracts
treble year ago in first 19 bust
ness days of month.
The Washington times., 1933-12-30
MONEY MARKETS

NEW YORK, Dec. 80 tTN.s).-call
money held over at per cent on the
New York Stock Exchange today and
at IA per cent on the New York curb
exchange
BANKERS acceptance rates held at
the levels esta blished late Friday. The
new quotations are q to Y per cent
for 80. 50 and 90 days, u to Il per
cent for 100 days and to y per cent
for $50 and 1870 days
Commercial paper continued at the
new rate of IN to IN per cent, as
compared with IL to N per cent on
Thursday.
to / per cent for so days. TO ~
-rer cent for 30 days and IA to IL
per cent nominal for longer
The Washington times., 1933-12-30
Exchange Listings
LOWer in November

NEW YORK, Dec. 30.-NeW
securities listed on the New York
Stock Exchange during November,
1898, four in number, totaling
$4,000, ,42O, were far below both
the October listings of 59,207, ,44O,
also four IN number, and the
November, 1882, figure of $50, ,874,-
800, seven in number.
Bond liStingS were $6,998,000 in
November, as against $13,992,0OO
in October and $45, $4,000 in No
vember last year; while the stock
comparison was $5,911,420 in
November, $45,215,4 ,440 in October
and 1886, 800 in November a year
The Washington times., 1933-12-30
CURB ENDS YEAR
BYPUTT|NGON
BRISK RALLY

NEW YORK, Dec. 80 GN.S0.
Curb stocks finished the year to-
day with q further sharp rally
under the lead Of alcohols, utili'
ties and specialties.
Hiram Walker featured the
alcohols with q squirt Of 3as
points to its best level since the
summer. Distillers seagrams rose
ia to 24A.
Commonwealth Scars
Commonwealth Edison set the
pace in the utilities with q 2-point
run.up to 35. Electric Bond and
Share gained "a to 12A, Ameri.
can Gas was up b at 21B,
American Light and Traction
rose "a to 1134, and Niagara Hud-
son was " higher at 512.
Aluminium was a strong spot in
the speciality list, rallying q point
to 7512. Dow Chemical was up !
at "a, while Cord Corporation was
active and fractionally higher.
Gulf stood out in the oils with q
bulge Of 23s points to 593s.
Standard Of Kentucky was up "A
point at is, and Standard Of In.
diana was up 1s at 1925.
Metal Shares Strong
Metal shares were in renewed
demand on rumors that some de-
velopmentS in the currency situa-
ton would take place over the
holiday. Lake Shore gained ss to
46h, Newmont was up y at SO,
and Pioneed gained "a to 1872.
Investment trusts were dull ana
sluggish. Cities Service was un.
changed at 1B.
Utility bonds continued to i'm
prove.
The Washington times., 1933-12-30
Savings Deposits
Up in BOUUery Bank

NEW YORK. Dec. 30.-Bowery
Savings Banks deposits on De-
cember % showed a net increase
of $1,440.000 since December l,
bringing the institutions total de-
posits to $503,035,523, Henry
Bruere, president, stated.
This represents a decided up
turn over the same period of the
preceding month and a reversal
of the downward trend Of savings
for the country as a whole.
The Washington times., 1933-12-30
Commercial Credit
Net Earnings Climb

NEW YORK, Dec. 80 GN.S0.
Commercial Credit Company and
subsidiaries including the October
and November net for the textile
Banking Company, reported a net
income of $1,646,999 for the five
months ended November 80,
against $930754 in the first six
months Of the year.
The income for the first II
months Of the year totals $2,677,.
1853, equal to $1.26 per share On
common
The Washington times., 1933-12-30
December Building
Contracts TrebLed

Building contracts Of all classi-
fications awarded in the 81 East
ern States during the first 19 busi-
ness days Of the current month
the period from December / to %.
inclusive-aggregated three times
the total for the corresponding pc
riod Of 1882.
The total Of $174.114,500 COM
pared with $50, ,352,200 a year ago,
according to the F. w. Dodge Cor
poration. Residential construction
contributed $21, ,657 200, in contrast
with So, 1859, 800 in 1882.
The Washington times., 1933-12-30
Dividend Increased
Bu Investors Trust

NEW YORK, Dec. 80 G.N.SO.
The Massachusetts, Investors
Trust today voted to increase
dividend distribution from 19 to
81 cents quarterly, the first in
crease since the third quarter of
1929.
The full payment to be made
December 80 amounts to $246,253
as compared with $212,801 on
September 80,
The Washington times., 1933-12-30

OF the country,
I feel like re-
cording some Of
my i'm pres
sionS.
Perhaps the
first one is that
economists as a
whole are about
as much at sea
as others are.
Except for a
few you n g e r
men, some Of
whom are work
ing for the Ad-
m in i S tration,
the vast ma.
The Washington times., 1933-12-30
DEFICIT WIPED OUT

Delaware & Hudson in the
November report showed net
operating income Of $210,06s as
opposed to a deficit of S43,319 a
year ago. November gross was
$1,967,197 against $1,S01 ,299.
The Washington times., 1933-12-30
CANADIAN CLEARINGS UP

Bank clearings In 80 leading
Canadian cities during the week
ended December 81 totaled $780,
07S,192, against $258,033, ,306 in
corresponding 1882 period. Mon
treal clearings were $50, ,139,537.
against --3,067. .691; Toronto, $94,-
526,874, against $82,658,314: Win
nipep $31,59O,870 against $46.-
635 $3.50. and Vancouver $13,948,-
327 against $13,053,714.
The Washington times., 1933-12-30

professor of Economics, NeD
York UntUeTSity)
Back in New York again, after
attending in Philadelphia the an
nual discussions of the economists
The Washington times., 1933-12-30
TOLEDO SEED PRICES

TOLEDO. Dee. % u.N.s.)-Clo~sr-
December, 500; March. S2S.
AIsik0-Ca0hI $50
The Washington times., 1933-12-30
NEW YORK CURB LIST
lHirhIIAow lClose

Humble Oil New 81. S3%I 33% 33%
Upgrade Food ...... 4%l 4 AZ
Imperial Oil Can 81 IS 1874 10
Ins Of N A ..... 3S1a 3s1aI 3sh
Intl Hyd El Sys pf. 1874 IS Is
Int Mining .......... 1913 l0K 1913
Int Mining ws ...... az al 31a
Internal Peet ........ 20 1914 20
Int Utilities B........ %I "a Y
Kingsbury Brewers -. 712 ia 7A
Kirby Petrol ......... ia IA Ia
Lake Shore Mines .... 46k 451s 45b
Lehigh C&Nav new -. 6k 6h 6h
Libby McNeill & Libby 3 3
Lion Oil ............ Az Az AZ
Lone Star G ........ SIS S 6b
Long Island Lt.... 3al 4
Long Isl 1t pf .... At Al At
Louisiana Land .s.... "a 2hi "a
Mapes Con Mfg...... 80 SO SO
Mavis oBtl A .... IN ia 1%
Mead johnson cash. As 4S As
Michigan G & O......
Michigan Sugar ...... IL IA IL
Middle W Util .... X 1-16 1-16
Molyboenum Corp .... 5ls 81 5h
Nat American ......I "A lis lis
Nat Bellas Hess Inc. 2hl PA
Nat Invest ..-......... IN 2b IN
Nat Invest WITS ....... l
Nat Gather ...s...... 1 l
Nat Rubber NJ ....... 3is 3ls 3h
Nat Union Radio. q y a
Neisner pf ............ 80 Il 52h 92h
New Jersey Zinc. g. SO 81
N Steam. 20 80 30
The Chapel Hill weekly., 1933-02-24
Mrs. JOhnStOn's Address

Illinois newspapers tell of an
address delivered recently by
Mrs. Charles H. Johnston at a
meeting of the Urbana Woman's
Club. Mrs. Johnston is assist
ant professor of education in the
University of Illinois and presi-
dent of the American Associa-
tion Of University Women 5
Clubs. Her husband, who died
in 1917. was a member of the
class Of 1898 in the University
here, and she comes to Chapel
Hill sometimes to visit his
mother out in the Orange
Church section.
Her talk to the Urbana Wo-
mans Club was about the
schools and universities of Eng
land. 1t was accompanied by
beautiful pictures Of some OF the
oldest and most famous insti-
tutiOnS.
The Chapel Hill weekly., 1933-02-24

company IN the utility field"
Here is very distinguished sup
port for those who have come to
regard the proliferation of hold
ing companies as in itself an
evil, a dangerous engine of cred
it imitation and collapse as we'll
as an unwholesome instrument
for transferring power over 9TH
er peoples money into irrespon-
sible or incompetent hands. Mr..
Young still takes the kindly view
that insult was destroyed simply
by the "complexity' of his own
operations. but the other evil
dence which has been pieced to-
gether seems to suggest that
these maneuvers led to worse
than mere complexity Has the
time come for putting limits on
the use Of this particular So
clal invention
It seems not unlikely. The
corporate form of enterprise is
purely a creature Of the state
and has no right to existence un-
der the most conservative theory
OF government. except in those
forms which actually serve a So
cial purpose. 1t was one of the
great Inventions which made
possible the modern industrial
quite as important in its
way as the invention Of steam
or electric power-but, like
all inventions, it is susceptible
OF dangerous misuse and
must be kept within safe limits.
Signs multiply to suggest that in
coming years there will be con-
siderable restudy of the modern
corporation as an economic and
The Chapel Hill weekly., 1933-02-24
A Play at Carrboro
Burlesque to Be Given This Evening
In the School Auditorium

A burlesque play, "The Gump-
DeStross Wedding" will be pre-
sented at 7:30 this (Friday)
evening at the Carrhoro school
for the benefit of the Methodist
church. AS the name indicates,
it is based on the popular comic
strip that tells the tale of the
love affair of Benjamin Gump.
The parts in the play will be
taken by citizens of Carrboro.
There is more to the program
than this burlesque. Mrs. A. r.
Wilson, principal of the Lake
wood school in Durham, will give
two comical readings, Betty at
the Baseball Game" and Aunt
Sophronia at the Opera y and
jeff Wilson and Beverly Red
ford of Durham will do a comic
dialogue entitled Dad Says SO,
Anyhow"
The admission prices will be
10 and Is cents. The music will
be by the Carrboro band.
The Chapel Hill weekly., 1933-02-24
The DOgwOOd Festival
Committee Decides That 1t Shall Be
Held on April % or 29

At a committee meeting this
week IL was decided that, de-
spite certain unfavorable condi-
tions, chiefly financial, a Dog
wood Festival should be held in
Chapel Hill this spring, and
that it should be made COM
munity or peoples affair.
Since it was deemed desirable
to hold the celebration when
the dogwood, so beautiful in
these parts, would be in bloom,
April p or % was selected as
a tentative date.
A permanent organization was
formed, with r. NJ. Grumman
as chairman and Col. J. II. Pratt
as yice-chairman. A secretary
will be chosen later.
1t was voted that a fund
should be raised by asking fifty
individuals to underWrite the
project at $40 each.
The program as outlined will
offer music folk and orches-
traD, singing, dancing, and
games, so as to give expression
to North Carolina life on its
fun-loving side.
If sufficient funds are raised,
the Cherokee Indians from the
reservation in the western part
Of the State will be invited to
participate with their ball
games, mask dancing, archery,
and bloW-gun competitions.
The Chapel Hill weekly., 1933-02-24

Not in many years has a
speaker in Chapel Hill drawn
such large crowds as have gath
cred in Gerard hall this week
to hear Charles A. Beard in the
Well lectures. He held his audi
ences' rapt attention by his dis
cussion of the topic, What Is
National Interest, and he
charmed them with his flashes
of humor. The final lecture IN
the series of three was delivered
last evening.
The Chapel Hill weekly., 1933-02-24

social device, a considerable de-
velopment of corporation law
and perhaps a considerable mod
ification in the nature of the in
strument, if that seems to be
necessary to make it conform to
the necessities of new condi-
tions. Criticism is being direct,
ed toward many aspects of pres
ent-day corporate enterprise,
and it would seem that the cor
porate empire" is one of the
most vulnerable of those aspects.
The Chapel Hill weekly., 1933-02-24
A Curb on Holding Companies? =?
(NelC York Herald Tribune)
When Mr.. Owen D. Young ap-

W IiefI WI. O"cU ~. OuIlS dp-
peared here at the insult bank
ruptcy hearings in December
some of his remarks gave the
impression of an Unexpectedly
uncritical attitude toward the
smash-up in which he had been
accidentally involved. Perhaps,
however, this was owing simply
to an inadvertence Of language; !;
for in his testimony before the
Senate investigating commit
tee Mr.. Young has now fully rec
Ognized the very serious ques-
tions of public policy implicit IN
tions of public plicy implicit in
the whole insult episode. The
maze Of companies, holding COM
panieS and companies to hold
other holding companies which
made up the insult empire"
strangely enough. there seems
TO be no other word with which
to describe just this sort Of
modern corporate organlZatlon)
finally ended in a structure too
complicated for insult himself to
understand, far less the invest
ing public with whose money it
was reared; and Mr.. Young is
prepared to suggest that some
curb be laid down upon a type
of financial architecture which
could lead to such lamentable re-
suits.
II should like to see Us work"
he said, toward the end Of haV-
ing only one holding company
superimposed on one operating
The Chapel Hill weekly., 1933-02-24
IRIS Ezzzv TO BE Z10zzD
...US MORE ZZzV 10 \VDW

Magic has its place. but not in ciga-
rette advertising.
Consider the illusion that there is
a mysterious way to give cigarettes a
superior favor"
sxplANAnoN: Cigarette flavor can be
controlled by adding artificial favor
ings. By blending. And by the quality
of tobaccos used.
Cheap, raw tobaccos can be "built
up" or fortified" by the lavish use
of artificial flav0rings.
The Chapel Hill weekly., 1933-02-24
Parent-T Teachers Meeting

The Parent Teachers Associa-
ton will meet at 7:45 Tuesday
evening in the school audlto-
rum. J. Minor Gwynn will speak
on THE Organization and the
Work Of the Local School" /" AT
ter this talk the teachers of the
school will be in their rooms to
meet the parents and answer
questions about the school and
the children.
The Chapel Hill weekly., 1933-02-24
Church Worker Here

Coleman Jennings, former
Washington business man and
now secretary for college work
in the third province of the Epis-
copal church, was in Chapel Hill
this week to make a series OF
talks to the students. He spoke
at the Episcopal church Sunday.
The Chapel Hill weekly., 1933-02-24
Church Announcement

United church, Cameron av-
enue (Rev. C. R. Dierlamm, pas
tori: Sunday school at 10 Am.
miss McArtin, teacher of pri-
mary department); worship at
II A. NJ, with "Chalk Talk for
Young People" and sermon on
Strong Foundations" meeting
of the Loyal League at 7 PM.
in the Hut.
The Chapel Hill weekly., 1933-02-24
The Barrere Little Symphony

The Barrere Little Symphony
Orchestra will play in the Page
Auditorium, Duke University, at
8:15 Tuesday evening. One of
the pieces on the program is
Lamar Stringfield's "Cripple
Creek" Georges Barrere, the
conductor, one Of the worlds
great futists, was Mr.. String
fields teacher.
The Chapel Hill weekly., 1933-02-24

ILLUSION:
JOSIE the lovely rapeze artist stands upon small platform
At the will of the magician she leaps feet into the air
reach her trapeze She ropes ladder! phe
nomenal leap for woman man!
EXPLANATIONS:
Josie didn't jump she sprung! The twenyfoot leap
is dependent osie's ability but powerful spring
mechanism hidden beaeah the stage which prope the artist
upward rough the The force violent that the lady
light steel jacket which protects her from injury
she her astonishing leap
The Chapel Hill weekly., 1933-02-24
An Orgy of Music

Chapel Hill is to revel in an
orgy of music next week. The
University Symphony Orches-
ira on Sunday afternoon, krels-
Ter Monday, the University Band
concert Wednesday. and Robin
Hood Thursday. And, not con
tent with these three events,
some of the music addicts in the
village are planning to go over
to Duke Tuesday to hear the Bar
rere Little Symphony.
Mrs. Cummins Mebane is at
home again after two days in
Watts Hospital.
The Chapel Hill weekly., 1933-02-24
Garden Club Meets Monday

The Garden Club will meet at
3 80 Monday afternoon at the
home of Mrs. p. c. Farrar. Mrs.
Hazen Smith OF Durham viii
talk on "Old Southern Gardens.
The Chapel Hill weekly., 1933-02-24
Auxiliary Meeting Tuesday

The American Legion Auxil-
iary will meet at $3.50 Tuesday
afternoon at the home of Mrs.
H. O. Bjvins in Hillsboro. Any
one without transportation,
please call Mrs. H. A. Whitfield,
telephone 1921.
The Chapel Hill weekly., 1933-02-24

Foolish Americans, They vote
longterm bonds and then advo-
cate birth control. - Atlanta
Journal.
The Chapel Hill weekly., 1933-02-24
kiWaniS Club Entertained

The Kiwanis Club had its
Ladies night Tuesday. Billy
Arthur and Miss Elizabeth Bar
nett entertained the company.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1933-11-23
POOLESVHLE

The Adult Missionary Society urdar
direction of Mrs. Albert Saoer g.
president, gave a very enligbtenino
and entertaining program at tho
Colesville M. E. Church Sunday.
Miss Edith Hobbs, attended an .f
ternoon tea on Sunday at the home Of
Miss Kathryn Robertson, in Wasbino
ton, D. C.
Mrs. Herbert Anderson, ENTERTAINERS
on Thursday afternoon Mrs. s +
Kelly, Mrs. Lewis Hobbs, Mrs. Walter
Human, Mrs. Paul Boerum and Mr.
Donald Boerum.
Mr.. and Mrs. Grayson Burnell tba
Misses Hilda Hobbs, Roberta Hobb,
and Emmalie Brigham, motored 70
Baltimore on Sunday afternoon.
Mr.. and Mrs. Harry Wheeler, enter
tanned at dinner on Sunday, Mr.. and
Mrs. Tyson Wheeler, of Rockville.
Mr.. and Mrs. Russell Wheeler. Miss
Patsy Wheeler and Russell Jr., of
Hyattsville; Mrs. Stanley Wheeler
and Mr.. Lawrence Wheeler of Coles.
vile; Mr.. Elmer Wheeler of Fair
Land and Mr.. and Mrs. Roland Viii.
Hams and son of Hollywood Park.