davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-04-28

the banks funds from 1929 to April,
1892.
He said the original report Of the
investigation was made by L. K. Rob-
erts, chief national bank examiner at
New York, July Is, 1882, but prosecu-
ton was delayed until March IA, 1888,
after the present administration was
installed"
Fkst Report in 1882.
The Colorado Senator said it was
difficult to believe that irregularities
that go back as far as 1929 should not
have been known" even before July
25, 1882, when the first report was
made.
Ramsey said the Hartman case was
reported to the department for the first
time on December 81. 1882, in letter
from the controller of the currency.
The letter was accompanied by
bank examiners report dated July 9
of that year. Ramsey said.
"On December 80 three gentlemen
from New York, Messrs Cooper, Wright
and Bisbee, came to Washington and
asked delay in the case" Ramsey said.
Sought Reorganization.
One Of them was an officer Of the
Udlk anu duOLIleT representative OF
the clearing house, the witness added.
They said they held no brief for
Hartman, but that they were under
taking to effect a reorganization and
save the bank" he testified.
They told us that Hartman was
sick in bed, seriously i'll and might
never recover"
The witness said he conferred by
telephone with Acting Controller of the
Currency Await, who, while not asking
for delay, indicated he would be glad
if it were arranged to permit straighten-
ing out the banks affairs.
1EHAr AOrInA1 ~ nAnrxrn
Evening star., 1933-04-28
MOST OF GOLD RETURNED
Eighth District Governor Reports
$17,eoo,ooo Received.

ST. LOUIS, April % R).-A majority
of the boarded gold in the eighth Fed
eral Reserve district, or $4,000 900, has
been surrendered to the Government
since a recent request for such action,
Coy William McChesney Martin Of the
st. Louis Federal Reserve Bank has
announced.
Gov. Martin asserted he has sent .
list of known gold hoarders In the dis
trict to the Secretary of the Treasury
in accordance with instructions He
predicted that by Monday, the last day
authorized for the releasing Of boards.
virtually all Of the gold in the district
will have been .deposited.
Evening star., 1933-04-28

be as happy as the Sabine girls II she
could be the means of uniting, in per-
petual peace, her father and her hus-
band? What repeated follies are those
repeated wars? You do not want to
conquer and govern one another. Why
then should you continually be en-
ployed In injuring and destroying each
other?'
1T seems to me. that in these words
lies the best plan of action. We gath
cred here not to seek any selfish ends.
not to combine paltry schemes, but in
order to. work Jointly for this double
aim: the maintenance of freedom and
the organization yt peace a.
Evening star., 1933-04-28
Husband Charges Cruelty.

RENO. New, April % LP).-Lebaron
R. Barker, jr., son of the wealthy Bos-
ton publisher, filed suit yesterday to
divorce Mary Bell Baker on grounds
Of cruelty. They were married June 80,
1926. They have two children.
Evening star., 1933-04-28
Suwanee River on Rampage.

vALDCSTA, Ga. April % R).-The
old Suwanee River is on rampage.
The stream that song made famous
is more than mile wide. The Suwansa
begins in the Okeflnokee Swamps ana
usually is q mild-mannered little river.
Evening star., 1933-04-28
U. S. OFFICIALS HIT
FOR POSTPONEMENT
OF HARTMAN CASE

Continued From First Page.)
Evening star., 1933-04-28

Great Wall of China district. There
were no signs pointing to thier early re-
turn northward.
No Japanese troops are stationed at
present at Manchuli, the western ex-
tremity of the Chinese Eastern Railway
on the Soviet border. One cavalry
squadron recently was dithdrawn from
there to Hilar, leaving Manchukuo's S
Mongol levies to patrol the border.
The japanese command is admitted
ly anxious for the return of the brigades
under Maj. Gems. Kaoru Nakamura
and Heijiro Hattori shortly to the G..
E. r. zone not because of a Soviet
menace, but because they are needed
to cope with a revival Of banditry.
japanese officials informally admit
ted Soviet Russia's half share in the
c. E. r. in the presence of thousands
OF Soviet citizens in North Manchuria.
This action now presents an unwel-
come obstacle to japanese plans for
the development and exploitation Of
Manchuria. Japanese are confident,
however, that the elimination of this
obstacle will be accomplished peace
ably
The Soviet government admittedly
Is willing to sell and, although Toxic
officials publicly declared Japan is not
interested in purchasing the railroad,
they privately admitted 1t will be ready
to buy when the price is right. japan
is willing to wait, confident it holds the
upper hand and is able to direct de-
velopments calculated to steadily de-
press the sellers quotations.
Evening star., 1933-04-28
SOVIET RAIL DEAL
AT BARGAIN PRICE
HELD TOKI0'S AIM

Continued From First Page.)
Evening star., 1933-04-28
PAYMENT OF DISMISSAL
WAGE TO GOVERNMENT
EMPLOYEES IS URGED

Continued From First Page.)
Evening star., 1933-04-28

Continued From First Page.)
Evening star., 1933-04-28
Far Apart on Price.

Thus far the prospective seller and
buyer are hundreds of millions Of yen
apart in price. Russia's reported offers
range from the original cost of con-
struction, 400, ,000, 900 gold rubles (the
gold ruble was worth about SO cents, /,
to 100000, 900 yen (the yen is normally
equivalent to 23 cents). japanese OFF,
cials call both fantastic prices for q
railroad whose strategic value to Rus
sia already is destroyed as result Of
Japan's conquest of North Manchuria
and whose economic worth Is steadily
dwindling.
Evening star., 1933-04-28
Park Funds Dropped.

The auditor told the Senate COM
mittee the rate Of 81 100000 year re-
payment for 16 years was predicated on
the belief Congress would appropriate
the full SIG 6,000, 900 within few years.
No appropriation was made by the Fed
eral Government for park purchases
this fiscal year, however, and none is
under consideration for the coming
fiscal year.
IT would appear, therefore, that for
the time. being at least Congress has
abandoned its intention to continue ap-
propriations for the purchase Of park
lands in accordance with the provisions
Of section 4 of the Capper- -Cramton
act." the auditor testified. This being
the case, the question arises whether
the District of Columbia should be re-
quired to continue a reimbursement to
the United States at an annual rate OF
l,000, 900, which was computed and
Evening star., 1933-04-28
of Commissioners.

The hearings also contain the argu-
ments submitted by the Commissioners,
through Donovan, as to why the Dis
trict should be allowed to spread over
a longer period of time the reimburse
ments it must make to the Federal
Treasury for park lands purchased un-
der the Capper-C -Cramton park develop
ment law. The theory Of that law was
that $4,000, 900 would be appropriated
from the Treasury within few years
in order to buy up contemplated park
areas to the best advantage, the District
government to reimburse the United
States at the rate Of 100000 year.
Although only $3,500,000 has been
spent thus far, the District will have
paid back 81, ,0O0, 900 Of it by the end Of
this fiscal year on June 80. The pend
ing bill, when it passed the House, re-
quired that another $1,000,000 be paid
back, but the Senate committee has
recommended that the District be re-
lieved from the necessity of making q
reimbursement in 1884.
Evening star., 1933-10-07
MARKETS REFLECT
TRADE HES|TANCY
"Sound Money" Wins Impor-
tant Support In Legion
and Labor.
BY JOHN L. COOLEY.

Associated Press Financial Writer.
NEW YORK, October Financial
markets entered the fourth quarter this
week amid the familiar perplexities Of
monetary uncertainty and business
hesitancy.
Stocks reversed their downward trend
long enough to rally sharply on We'd
nesday when they had the best rise
since the rebound from the July smash.
Later markets were rather ragged
The sound money cause received
support from William Green, head of
the American Federation of Labor. who
urged that wages be paid in honest
dollars and from the American Legion
Convention.
With credit expansion primary tool
in the Government recovery kit. there
has been no relaxation of the Reserve
systems Federal security purchases.
Many expect that the weekly increment
will continue at around s35.000, 900.
Steel production picked up a point.
the ration this week being estimated
by Iron Age at AZ per cent Of capacity.
This review noted. however that labor
difficulties were interfering with opera
tions ''in plants of both the steel makers
and consumers" The rail-buying pro-
gram advanced by Washington has
raised the important question of lower
prices and some steel executives have
said informally that the suggested quo
tation of S35 a ton would represent a
loss for manufacturers.
Evening star., 1933-10-07
BONDS IRREGULAR
b. AS TRADING LAGS
"Thinness" Appears in Many
Issues Which Are Usually
Active.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, October THE fact
that it was quiet and that there was
no apparent leadership may have been
responsible for tcday's irregular trend
10 the bond market and the thin
ness that existed in a number OF
usually active and well supported
issues.
Indications that technical conditions
were more CT factor on prices than
outside influences were to be had in
the strength of one or more issues of
a corporation and the weakness in
other bonds of the same company.
with traders in bonds during the day.
High Grades Look Best.
In general the better grades had the
best markets. An early rise in Atchl-
son General IS of y point put them
to 95. or the top figure in some time.
The 4las also were fractionally up. At
the same time the United States Gov
eminent list was firm. with small gains
in the longterm issues and good bids
for the Liberty AIS at better than
1884, which strongly suggests that
they will not be called on October Is
The fluctuations in the junior rails
were small and indicated no definite
tendency for this group A majority
were higher 1t was in the second
grade issues that the offerings were
largest and the declines most signifi-
cant. While ST. Paul, Erie. and Chi
cago g. Northwestern low-grade bonds
were firm. those Of the Northern Pa
cific, Great Northern. Baltimore d
Ohio. Southern Pacific, and part OF
the Pennsylvania and New York Gen.
trail groups, were distinctly heavy.
Canadian List Strong.
Interborough Rapid Transit IS re-
covered most of Fridays loss of two
points on the statement Of large
economies by the company since the
new interests took charge. American
Water Works IS were down two points.
National Dairy Products 5As lost part
Of this weeks rise.
Canadian descriptions were strong,
notably the Canadian Pacific SIS and
the Dominion SIS, the latter crossing 104.
At one time this year they sold at 81.
German issues were lower in London
on continental selling and of slightly
here. There were also some losses in
Japanese and Scandinavian loans.
(Copyright. 1933)
Evening star., 1933-10-07

WEEK BRINGS DROP
IN COTTON PRICES
Southern Hedging and Some
Liquidation Blamed
for Decline.
BY the Associated Press.

By the Associated Press.
NEW YORK, October THE cotton
market has eased of during the last
week under Southern hedging and scat
tering liquidation. Offerings were abb
sorbed by covering and trade buying on
a scale-down, and after selling of to
9.73 during Tuesdays late trading,
prices rallied to 994 for that position
on Wednesday, when hedging slack
ened somewhat and there was covering
promoted by f1rmness in the wheat and
stock markets
The advance met renewal of South
ern selling. however. and the lowest
levels OF the week and movement were
reached during yesterdays trading,
when December sold OF to 9.38, or q
full cent below the high price touched
on the hrst announcement Of the cot
ton loan proposal week ago last Sat-
urday.
The Southern hedge selling was per-
sistent and increased in volume toward
the end OF the week, while the buying
appeared to come chiefly from the
trade on scale-down orders or at linn
its. This demand increased on the de-
clines. but business otherwise would
appear to have been restricted by q
disposition to await official details Of
the cotton loan plan, or for the Gov
ernment crop report scheduled for pub
lication on Monday.
Weather conditions in the South are
said to have been generally favorable
for harvesting.
Hester's Cotton Statement.
close eI Of corresponding weeks. lin thousand
In sight for week. ,7os: year ago. sos:
two years ago, 920: for the month. 525:
year ago, sos: two years ago, 1880: for
season. $780, year ago. 92.995: two years
Port receipts for season. 2,1s4; year ago.
1.Sll: two years ago 2,06S.
1e4: year ago. TOT; TWO TWO years % ago. o. 50. ss"
year ago. 637: two years ago. sos.
436; year ago. 446; two years ago. 46s.
$50: two years ago. 93: for season, 1856:
Northern and Canadian spinners takinss
ftr week. -: year ago. %: for season. 26S;
year ago. 226:
can Gotten Throughout the world
This week. 314; year ago. 1926; two years
,va since ss.4s AusYst s5os: year ago.
s., Statement t1 M G Of gorld's visible supply;
S.S16; year ago. 9.642: two years ago.
OF this total American this week. 7.754;
week ago. 1860; year ago, 1919; two years
All other kinds this week 1904: week
ago, l,5l6: year ago. 1.723; two years ago.
Visible in United States this week. 5'o14:
Visible in other countries this week. 3.744;
year ago. 3.739.
Evening star., 1933-10-07
CREDIT MEN SEEK
TO HALT FAILURES
D. c. Associa tion Adopts New
Methods in Protection
of Creditors.

Cooperation among business houses
lE dealing with commercial failures is
bringing practical application of the
golden rule to commercial life, it was
declared yesterday by Charles w. Clay
ton, president of the Adjustment Bureau
Of the Washington Credit Mems Asso-
citation
There used to be very little human
ity shown in dealing with business fail
ureS," Clayton said. This unnecessary
harshness was not the fault of indivi-
dual business men, but of a bad sys-
TEN. When reports began to get around
that a certain firm was getting shaky
the creditors engaged in fierce scram-
Bile to protect their own interests. Each
creditor was afraid that somebody else
might get a preferential settlement
Frequently merchant who might have
been pulled through his difficulties was
pushed into bankruptcy"
This harsh system, MI Clayton said,
was unjust to the financially embarrass-
ed merchant, and costly, in the long
run, to the creditors, since it DESTROYED
some good customers and involved
heavy legal expenses which might have
been avoided Present-day methods. he
SAID. are becoming more humane. since
the elements of fear and uncertainty
have been largely removed
Business men no longer become pan
icky when they learn that one of their
debtors is in difficulties. They do not
precipitately throw the debtor into
bankruptcy because they have, in the
cooperative adjustment bureaus. such
as the bureau operated by the Washing
ton Association Of Credit Men. an insti-
tuition equipped to safeguard the inter-
ests OF all creditors.
The first object of the adjustment
bureau is to keep the debtor merchant
in business if he is worthy and if such
a course Is consistent with the inter-
ests of creditors. Hundreds of mer-
chants have been saved from bank
ruptcy and are in a sound condition
today as a result of the constructive
action Of adjustment bureaus"
Evening star., 1933-10-07
GUARANTY APPEARS
LIKELY TO REMAIN
Strong Banking Opposition Brings
Defense From Admin
istration.
BY CHAS. p. SHAEFFER,
Associated Press Sports Writer.

Despite strong banking opposition.
the insurance of bank deposits appears
to be on the statute books to stay.
Such was the inference in the ad-
ministration's answer to the latest pub
lie criticism of the plan-that of the
American Bankers Association at its an
nual convention recently in Chicago,
when the President was petitioned not
to put the law into effect.
In reply, Controller of the Currency
]. F. T. O'Connor appeared before the
convention with strong defense OF
the plan, in which he categorically out
lined at least five reasons. any one
of which was cited as sufficient in itself
for such a law. Among these reasons.
as stated by Comptroller O'Connor.
were:
Every depositor in theory has rig
to his money. This law makes
theory fact;
1t will Danish fear in every ban.
ers mind of runs on his bank, SO III
Te shall not again witness the vC
serious crisis which deTeloped with
beginning of 1898;
1t will obviate the necessary fo
Postal Savings Bank and return to
banks over billion in deposits; it
permit an extension of credit anG
modltcatlon OF cash reserves. This
particularly benefit small country h -
and their customers;
The elimination of interest or
mand deposits will save the banks l.
millions of dollars:
Lastly, O'Connor gave his opip; n
that the insurance feature will
millions.
The high pressure and not
scrupulous salesman often plants
seed Of suspicion as to a banks solver
in the prospective purchasers min,
he said. The life saNegs of men AT
women have been Withdrawn and in
vested in worthless securities or enter
prises because of this fear"
A great demand came from the peo-
pie during the last session of Congress
for some form of guarantee of insur-
ance for deposits. The bill creating
this insurance passed the Senate with
no dissenting votes. while only six dis
senting votes were heard in the House.
Evening star., 1933-10-07
FOREIGN EXCHANGE.

NEW YORK, October (P.-Foreien
exchange easy Great Britain in dollars.
otners IN cents Great Britain, demand
40; cables, 40; 60-day bills, 4.68N
France. demand. 5.94; cables, 5.94
Italy, demand. 797; cables, 7.97.
Demands: Belgium, 2l13; GERMANY
36.l5; Holland, 61.20; Norway, 1855:
sweden, 24.25; Denmark, 21O0; Swift
nerland. 29.40; Spain. 1858; Portugal,
4:o7n; Greece. 0.86An: Poland, 17.2On;
Czechoslovakia, 4.51n; Yugoslavia, 2.l0n:
Austria, 17.10n; Rumania, O94n: Ar.
gentine, 38.88n; Brazil. 8.49n: Toxic
2!.87h; Shanghai, 3o.371a; Hongkong'
3412h; Mexico City (silver peso9
28.4l: Montreal In New York. 9775:
New York in Montreal, 10231A.
. n-nominal.
Evening star., 1933-10-07
CURB MOVES UP
IN NARROW RANGE
Prices Close Near Best Lev.
els of Day, but Advances
Are Small.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, October Curb Ex-
change stocks huctuated in a narrow
range today in dull trading, with q
slight preponderance Of advances in
continuation Of the recovery movement
initiated late in Fridays session.
Speculation in the repeal stocks was
stimulated by the admission to trad
ing Of National Distillers new stock, on
a when-issued basis. The stock was
traded on the produce exchange yester-
day in range from 3034 to 80 and 1t
turnover. The other liquor stocks also
pointed upward, with small gains regis
tered by Hiram Walker. Distillers-Sea-
grams and Canadian Industrial Alco-
hol A shares.
The utilities were quiet and mixed.
Electric Bond e. Share was q shade
higher most of the session. American
Gas g. Electric recovered from an OPEN
ing fractional decline. Associated Gas
& Electric A stock was steady following
publication Of the report for the IL
months ended August 81, which showed
consolidated net Of $32,121 ,237, before
preferred dividends of underlying COM
panies compared with 34,510,924 in
the previous IL months. American
Cities Power & Light was easy.
The oils also moved irregularly. In
ternational Petroleum, Creole Petroleum
and Gulf OIL Of Pennsylvania were in
demand, while Standard Oil of Indiana
and Standard of Kentucky were in
clined to ease.
The gold mines and other metals were
Influenced by the lower price of gold in
the London market New Jersey Zinc
was an exception to the trend, as 1t ad-
vanced more than a point. Aluminium
Co. of America also moved higher
The close was near the best levels of
the session but the gains were small.
National Distillers new stock extended
its rise to full point. Technicolor
in the amusement list was again an
individual feature as it touched a new
high for the year at II, receding
slightly thereafter. In the motor list
Stutz added point
(Copyrisht. 1889
Evening star., 1933-10-07
Washington Produce

(Egg and poultry prices furnished by
Department of Agricul.urel.
BUTTER-One pound prints t93 scorel
26: tub, 1-pound prints (92 score), 25;
tub, "a; 1-pound prints 90 score), "a
tub, 90.
Rocks, 1Sa21: mixed colored. 16a1S; Leg
horns, Halt; hers. mixed colored. II; Leg
horns, 13a14; roosters. 9al0; SQUADS, dozen.
II to II pounds, per pound. 25a3o: Long
Island ducks. Is.
13; pork loin, fresh, lGaIS; frozen. l2al4:
fresh hams. -; smoked hams, "A; strip
bacon 15: lard. Si2; compound 3
Current receipts, 22a25: hennery whites.
32a36; Government graded and dated white
medium, 33; U. S. standards 36i2.
LIVE PoULTRY-MaEket steady; prices
horns. 7a9; roosters. 7as; fryers. Rocks. 3
pounds up: l6a1s: ,broilers. Rocks. under 3
pounds, 15a17: Reds and mixed colors. 4;
Leghorns, 13a14 Spring turkeys. 10 pounds
and up 20a22.
Evening star., 1933-10-07
HOPES FOR STRIKE
settlement GAIN
Efforts of President to Settle Coal
Dispute Cheer Wall Street
Traders.
BY the Associated Press.

BY the Associated Press.
NEW YORK, October 7-Ehorts Of
the President to settle the troublesome
coal strike situation were viewed hope
fully today in the financial district
Labor difficulties, brokers say, have been
q serious handicap to both speculative
and investment buying Of securities. II
the coal-steel strike problem can be
solved, 1t is believed, agreements prob
ably can be reached soon in other
labor misunderstanding throughout
the country.
Announcement of another administra-
tive move-the formation of a credit
corporation to lend to farmers on crop
security-was highly interesting to Wall
Street, in that it was interpreted as a
concrete action to raise commodity
prices and thus expand the purchasing
power Of the agricultural community
1t is expected that the first steps Of the
new corporation, which will have an
original capitalization OF $4,000, 900,
will be to make good the Presidents
premise to lend cotton farmers 10 cents
pound on their present crop If they
agree to reduce acreage 40 per cent next
year.
Evening star., 1933-10-07
Chicago Grain
BY the Associated Press.

By the Associated Press.
CHICAGO, October 7-Sharp up
turns in grain values early today fol-
lowed President Roosevelt's announce
ment Of new agency to lend Govern
ment funds to commodity producers.
Steep advances of cotton quotations
were also stimulus to grain buyers
Opening Il to IA up, wheat afterward
rose further. Corn started with IA to
IL gains and continued to mount.
Aggressive purchasing for Eastern
houses did much to hoist wheat tempo
rarily almost 2l2 cents bushel. The
rise was in the face of the fact that
heavy calls for additional margins to be
furnished by patrons of commission
houses had led to many overnight SELL
ing orders. At first, such selling ap-
peared to have been readily absorbed,
but subsequently persistent liquidation
developed, and prices rapidly crumbled
Fresh weakness which broke cut
soonest in the rye market carried rye
down to far below yesterdays finish and
led to reactions that pitched wheat and
other grains down wholesale, wheat to
more than four cents under early top
figures. Stop loss selling was witnessed
in all the speculative pits. Violent fluc-
tuations ensued, and wheat rebounded
at one stage about 2 cents from the
bottom level. Corn and oats whirled
swiftly following wheat.
Provisions advanced and then receded,
mainly responsive to action of grains.
Evening star., 1933-10-07
New York Cotton
BY the Associated Press

BY the Associated Press
NEW YORK. October Cotton fu-
turss opened firm, 1929 higher en- Gre
alton OF a corporation for loaning cot
ten growers 10 cents a pound where
producers agree to cut their acreage
IN 1884 and on higher Liverpool cables.
October. 9.43; December, 9.64: Jan-
uary, a; March, 9.92; May, 1903;
July. 1916
The opening advance met consider
able realizing influenced possibly by
uncertainty as to the showing of Mon
days Government croo report, but
Southern selling was less active and
there was general buying on the cotton
loan plan developments This proved
sufficient to carry December contracts
UP to 9.76 during the early tracing.
Whlle MAY advanced to 1915 Active
months showed net advance of about an
to 38 points at the end of the first
half hour.