davidaulloa/AmericanStories huggingface dataset:
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

Tor profits from the resales of their
leach as the case may be.
The greater part of these various
forms of credit is obtained by the bor-
irowers directly or indirectly through
the expansion of the loans and invest
;ments of the banks. 1t is this which
creates the notes, securities and mort
cages in the portfolios of the banks.
The banks are able to extend these
loans because great many people de-
post money with them.
Even under the best conditions the
plans of small percentage of borrow
ers go wrong through mistakes, hard
luck or dishonesty, and the judgment
of the banker in such cases is proved
by the after event to have been at fault.
The losses caused i:2der such condi-
tions are ordinarily iully met by funds
set aside out of the earnings of the
banks for just this purpose and do not
affect the money of the depositors, who
seldom hear anything about such
losses.
In the vast majority of cases and in
the overwhelming volume of business
involved the confidence of the bankers
in their customers and the confidence
of the customers in their own ability
to carry out their plans and obligations
to successful conclusions are wholly
justified This is the normal economic
situation and it constitutes the condi-
stions under which the use of credit
adds to public welfare and progress.
The Faith of the Banks
Such was the structure of hopes, good
Intentions and common confidence in
one another that existed among all
classes of the nations community life
when the series of economic shocks
began to shake the nations social fab
ric in 1929. The people had deposited
billions of dollars with the banks be-
cause they had confidence in them. The
banks had loaned large volumes of
these deposits on farm and home mort
cages and on notes of manufacturers,
business men and finance concerns, and
had invested in the standard securi-
ties of the nations corporations, state
and local government units and the
national government itself, because
they had confidence in the citizenship
and business condition of the nation.
Their mortgage and other loans to
owners of farms aggregated $4,000, 000,-
900. Loans on urban real estate were
$4,000, 100000. Loans to individuals Sc
cured by U. S. Government, municipal
and corporate securities totalled SILL
O00,000,000 Loans to industrial and
commercial enterprises in connection
with the production and distribution of
the nations infinite varities of goods
amounted to almost S19500, 100000.
Investments in Federal, State and mu-
nicipal bonds were almost $4,000, 000,-
600, and in various kinds of railroad
and corporate securities $11, 900, 900, 900.
These made total loans and invest
ments of $5S,OO0,O00
This great credit structure was built
while the country was at peace, while
the farms and factories were produc-
tive, while the nation and the world
provided great active markets for their
outputs, while the earnings of all kinds
Of enterprise were large, while the
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04
ORPHANS COURT

Bonds Approved-Sallie McMastel
Nickle, Administrative of Harry c.
Nickle; Bertha j. Williams, admin
istratrix of Edwin C. Williams; Ad-
die Helen Wingate, executrix OF
Mary Dora Armstrong; James F.
Evans and ]. Frank Frazer, execu-
tors of Mary B. Cleaver
Accounts Passed-First and final
account of William H. Gardner, ex-
ecutor of William S. Gardner, and
distribution struck on same; first
account of Ruth w. Martindale,
guardian of Thomas Ross Martin
dale; first and final account of Clara
B. Gordon, executrix of James Ham
mond.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

Business is better. L. H. Thompson
utiIizes the telephone to find this true.
The calls placed in sequence were
Of three minutes duration each, with
two minute interval between them.
The calls followed specific time
schedule arranged by officials of the
telephone company. The entire
schedule worked out accurately, with
out interruption or loss of time. The
circuit distance covered a total of
1880 miles.
Representatives of the cash register
company throughout North America
were unanimous in their opinion that
business is better, according to Mr..
Thompson.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04
Record Telephone
Sequence Hook-up

Use of the telephone recently to
ascertain business conditions through
out the United States and Canada re-
suited in one of the largest hook-ups
of telephone sequence calls ever made.
L. H. Thompson, vice president in
charge of domestic sales of the Ma
tional Cash Register Company, Day.
ton, talked personally to each Of 1874
sales agents during three-day period
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

A recent survey of thirty Ameri-
can colleges and universities reveal
ed that they possessed sos, 900, 900
in public utility bonds and $S7,0O0,-
900 in railroad bonds, as compared
with $44,0OO,O0O in Industrial
bonds and $17,OOO.OOO in U. S. Gov
eminent issues. Apparently the
future of higher education in this
country will be largely identified
with the treatment accorded our
utilities.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

chasing power. The
farmer, the manu-
facturer, the mer-
chant, the home
buyer, the pur-
chaser of household
goods, the investor
and the speculator
all borrow at times.
They plan to repay
with the earnings
Of their crops, pro-
ceeds of the sales Of
tn cir goods, in
comes from their
rxro 0nc ond co pioey
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04
= : = :
Facts And Figures
On Your Telephone
BY EDWIN F. HILL

BY products of
telephone commu-
nication developed
by the Bell Labora-
tories have done
much to alleviate
suffering, to pro-
vi d e wholesome
means of entertain
ment and the gen.
eral promotion Of
human happiness.
Interesting APP
paratus developed
by the scientists
and engineers in
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04
SENDS UNWRAPPED SILVER
DOLLAR BY MAIL AS GIFT

Every year in honor OF the birth
day anniversary of his sister, Miss
Tabitha Grier, DR.. j. Bradley Grier,
of Frederick, DEL, sends by mail
from Frederick to her at her home
in Harrisonburg, Va, an unwrepped
silver dollar.
On one side of the dollar is placed
the stamps and the address on a
label is pasted on the other side.
The dollar has always travelled
unconcealed safely to it's destina-
tion.-Dover Ind.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

One of the compensations of be-
ing poor is that you can get thrill
out of finding dime in the pocket
of an old overcoat,
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

He that knows least commonly
presumes most.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

Five minutes of thought is often
equal to an hour Of hustle.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

Young folks never seem TO care
how cold it is.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

NREDIT may be informally described
- as future hopes, plans and good in
tentions converted into present pur-
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

mind the facts noted in this con-
nection.
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04

Our dreams do not come true be-
cause they remain dreams
The midland journal. (Rising Sun, Md.) 1885-1947, 1933-08-04
lHow All the People Played Part
In Building Nation S Credit Stru cture
Banker Describes the Way Loans and Securities of Banks
Are Based on the Hopes and Plans of All
Classes-Vaues Dependent on Public's
Ability to Meet Obligations
Bv FRANCIS II. SISSON.

by FAtAlN0lo II. OAOOOlN,
sident American Bankers Association in The Forum
Imperial Valley press., 1933-08-02
I'l<etS
N. Y. Stocks
BY ELMER c. WALLER

NEW YORK Aug. 2. = stocks
turned active in the. last part of
today's session and mounted 10
net gains of l to z points on re-
ports the government would soon
resume its initiation program.
Traders concluded the initiation
schemes could be restored now that
the government financing has been
accomplished. Latest government
offerings of $3.50, 0,00o,0 900 in bonds
have been subscribed.
Gold mining issues rose | TO 3
points with the ,wide-moving Home
stake soaring to 242 for a gain of
nearly 81 points. U. S. Smelling
gained more than points.
Repeal stocks resumed their up
turn on a broad scale and gains of
3 to points were noted in U. S.
Industrial Alcohol, National Dis
tillers, and American Commercial
Alcohol.
Farm equipments were firm on a
rise in wheat and other commodi-
ties.
The American dollar declined
sharply. The pound was quoted at
SASH late in the day, up 7i2 cents
from the previous close.
Rails made gains ranging TO
more than 3 points. American TEL
ephone was up more than points.
Du Pont more than 2, U. S. Steel
more than a point. and Western
Union 3 points. Mail order shares,
motors and accessory shares were
firm.
Sales today were 1,730,000 shares,
Of which nearly SO per cent were
turned over in the last hour. 1t
was the smallest day since April l8.
Yesterdays total was 1,780,OOO
shares. Curb sales were 273,00C
shares, against 262 1000 shares yes
terday.
Dow-Jones preliminary averages:
industrial, 94.84 up 2.l4, railroad
47.69 up O.S8; utility Bits up 0.74
Imperial Valley press., 1933-08-02
STYLE CHATS
with ALMA ARCHER

From huddle of log-hewn huts
tossed up in a dreary swamp as
safety from Indians back in 1888,
has sprung Chicago, the fourth
largest city in the world. the
smart thing to do today is HE
yourself to GA Century Of Prog
resso World IS fair and have a look
at Chicago in between exhaustion
periods.
You IL be exhausted, and your
feet will be collapsed at the fair,
but you II love it. OF course the
metatarsal problem may be solved
by doing the entire fair in a wheel
chair, and you II have the satis-
faction of knowing that you re CIV
ing a college student boost at the
same time. Out of the 900 chair
showers and jinricksha holsters
only five are uncollegiate. The
chair rollers get about 80 cents out
of each dollars worth you ride
plus the tip. Just to start rolling
in high spirits, dicker with the
student first to find out what cele-
brities he IS been pushing. Ther
later, for more fun, wangle the
amount of the tip various passen.
gers have given.
One terribly cute guide con.
feSSed that Jean Harlow had beer
his most attractive passenger ant
best tip, and that the famous
money-controller, Mr.. Dawes, care
fully extracted dime tip from hi.
till and said "Son, times aren >
what they used to be-
Imperial Valley press., 1933-08-02
VEN|NJURED
IN COLLISIONS

Seven persons, three of them
children, were injured in automo-
bile accidents which occurred i'll the
county early this morning, accord
ing to reports on file at the sher-
iff's office. The reports also state
that no one was seriously injured.
The first accident reported hap
pened at 1925 O'Clock this morn
ing about four miles north Of I'm
perial on Highway No. SO. A truck
and trailer loaded with hay was
standing on the pavement when a
Ford roadster driven by Roy Herod,
Morena, with r. F.. Wright, Hemet,
as passenger, ran INTO the rear end
of the trailer. Both men received
cuts and bruises and were taken to
Imperial where they received treat
ment. The wrecked car was re-
moved from the highway. Shortly
after this another truck and trailer
loaded with hay, enroute to Los
Angeles, hove into sight and 1t too
ran into the rear of the stalled
trailer. The report states that hay,
baled and unbaled, was strewn all
over the highway.
In collision between cars driv-
EN- by Lawrence Albertini, Bond s
Corner. and Vidal Beltan, Orc
Grande, California, near Brawley
shortly after midnight, both mer
and the three Beltan children were
shaken up and bruised, another re-
port states. The injured were TAX
en- to the county hospital where il
was discovered that their injuries
we're not serious and they were
discharged after receiving treat
| ment.
Imperial Valley press., 1933-08-02
Ia. Explained For
Sellers OF Feed

Hay, grain and feed men have
been advised that the state tax
does not apply to their sales when
sold to commercial producers OF
eggs, butter, milk, meat or other
livestock products for the market.
Under this ruling the sale of
feed escapes the tax only when 1t
is sold to individuals or firms who
are actually in the business OF
producing such products as above
named, for the market.
Sale of feed in any quantity, TO
those who themselves consume the
products from, or the animals fed
with such feed. is taxable
Dealers are advised to segregate
their sales as between commercial
feeders and the consumer class,
paying no sales tax on commercial
sales and paying a sales tax on
consumer sales.
Imperial Valley press., 1933-08-02
L. A. Butter e Eggs
BUTTER
L. A. Stocks

LOS ANGELES, Aug. 2. U.H-
Prices were slightly higher although
trading was quiet on the Los An
yeles stock exchange today.
Standard of California sold 500
A 34A, up Il; Union of California
traded 400 at 1913, up as; Repub-
lie Petroleum S turnover of 500 was
at 8, up u, and Pacific Western
sold 300 at 6ls, up Is.
Edison per cents traded 300
at 223s, up Il, while Edison COM
mon sold 100 at 22A, unchanged.
Transamerica traded only 300 at
7 throughout, down Is.
Claude Neon sold 20G at l2A, up
4.
Pacific Gas Cts traded 200 at
23l9, up 4.
Alaskan Juneau gained "a points
to 261s, with a turnover of 100.
Southern Pacific railroad sold
100 at 26A, up a; while Pacific
Mutual traded 100 at 28la, up "a.
Imperial Valley press., 1933-08-02
MISS X HAS
/ MORE TROUBLE

OAKLAND, Aug. 2. W.P)-Grand
theft charges were filed today
against Mrs. Lorraine Wiseman Nc
Donald Sielaff, celebrated as the
miss x, in 1926 kidnapping
mystery involving the evangelist
Aimee Semple Mcpherson.
Mrs. Sielaff and Frank McDon-
aid. 26. said by police to be her
son, were arrested and charged by
Kerop Khoumrian, Armenian EN-
gineer, with having bilked him out
of $4,000 on a promise to write his
life story in book form and sell 1t
to the motion picture industry.
Mrs. Sielaff said she obtained the
| So 900 as legitimate payment for
writing the book and negotiating
for it's sale to the films. She as
serted Mcdonald was her nephew,
not her son.
| During the public hue and cry
aroused by Aimee's reappearance
with a tale of having been kidnap-
ed, Mrs. Sielaff asserted that she,
ard not Mrs. Mcpherson (Hutton)
was the companion of Kenneth G.
Ormiston at Carmel cottage.
Later she allegedly admitted she
made up the story to protect the
good name of the evangelist.
Imperial Valley press., 1933-08-02
July HOTTEST
MARK IS III

FL Centro's maximum tempera-
ture for July was lit degrees, ac-
cording to the monthly report pre-
pared by Howard Emmons, local
observer for the United States
weather bureau. The maximum was
reached July q.
Minimum for the month was 6i
degrees, July 3, the mean maximum
was 1912 and the mean minimum
76.7 degrees. The mean for the
month was go degrees and the
greatest daily range Al degrees
July T.
Total precipitation for the
month was .33 with the greatest
amount for any "a hour period re-
corded July 81. Precipitation was
recorded two days and there were
30 clear days and one partly CLOUDY
day.
Prevailing winds were from the
southeast and the maximum Velo'
city was 38 miles per hour, En-
mons reported. Total wind traVe
for the month was 1924 miles while
the average was 81 miles per hour
The mean relative humidity tol
! July was as follows:
Imperial Valley press., 1933-08-02
Johnson Rites
This Afternoon

BURLINGAME, Calf, Aug. 2.
funeral services will
be held this afternoon for Archi-
bald M. johnson, 43, who commit
ted suicide at his Hillsborough
home near here. He was a son OF
U. s. Senator Hiram Johnson.
Rev H. G. Gardner Of st. Paul IS
Episcopal church, Burlingame, viii
officiate, according TO the an
nouncement made here. 1nterment
will be at Cypress Lawn cemetery.
johnson, former army major
sportsman and attorney, left two
poems, including one titled "a
Prayer in which he indicated he
was respondent over his recent d.
vorce from Mrs. Martha Ruddy
Leets johnson. Mrs. johnson Il
now the wife OF Comdr. Howard
Flanagan, U. S. N.
Imperial Valley press., 1933-08-02
Local Melon Market

Data regarding melon shipments
from the valley yesterday compiled
by the State Federal Market News
Service at Brawley, follows:
Shipments yesterday from I'M
perial Valley: Honeyballs. 81; hon.
eydews. %, mixed melons, l. Total
for season: $500.
New York-11 cantaloupe arrived,
Al on track. 16 honeydews arrived,
81 on track; II honeyballs arrived,
go on track. Honeyballs demand
slow, market weaker. Imperial
jumbo 36s ASS, $1.75-225, few $3.50
poorer, $125-l.50. Standard Ass
S125-2, poorer, 81. Honeydews, de-
mand slow, market stronger for
good stock. Imperial jumbo IS 8s
sl-1.25; few s1.35-1.75, poorer 9oc-
81; standard IS 9s, S1.12l.-1.37R
few S1.5O-1.75, poorer, 75c-$l.
Chicago, 25 cantaloupe arrived
l26 on track; honeyballs: 3 Cali
! fornia arrived, 9 on track; =; honey
I dews, 2 California arrived, 7 OF
track. Honeyballs, demand slow
market weaker. Impenial Jumbo
36s ASS best, SITS, ripe, S1-l.25
standard ass, best $3.50 Honey
dews, demand slow, market steady
Standard and jumbo 6S 9, 65-8
cents: standard 12s, 90c-$l; pre-
cooled, all sizes, Sl-1.25.
Watermelors - 5 cars shipped
from the valley yesterday. Tota
for season: 2l48.
Los Angeles-10 California ar
rived. Al unbroken, IA broken Of
Imperial Valley press., 1933-08-02
REFUSE PICKER
MUST DES|ST

Unauthorized collecting of refuse
within the city is frowned upon
by the police and Hilario Montoya,
81, was warned to deSist from
prowling through alleys in the
downtown section poking into cans
and other receptacles at the rear
of stores. by Judge Nuffer in police
court this morning.
Montoya had been brought in
to court on complaint of city health
officials who stated that he had
Uttered the alleyways with refuse
from cans and boxes. The accused
said that he had done this seek
ing food or articles he might be
able to sell.
Pedro Hernandez was fined $50
with the alternative of 25 days in
the county jail on a charge OF
being drunk and disturbing the
peace. According to the complain
ing witnesses. Hernandez is said to
have become violently angry dur
ing an argument in a local pool
hall and started to throw pool
balls about the place ending his
outbreak by heavine knife through
the windshield of a car parked at
the entrance OF the poolhall.
The case of r. v. Wills. charged
with the illegal possession of liq-
uor was continued until Satur-
day morning when he pleaded not
guilty to the charge. In the COM
plant it is said that five gallons
of alleged whiskey and 81 quarts
of home brew were seized during
a raid at his residence, AIT Orange
avenue, yesterday afternoon.
Imperial Valley press., 1933-08-02
sunny JIM 8
JOB WANTED

OAKLAND, Aug. 2. W.D-Avery
c. Moore, Oakland, stormy petrol
of the California Democratic party,
announced his candidacy for gov
ernor today on platform that
promises to shun invitations to
social functions
Moore, an outSpoken insurgent,
also promised to pardon Tom
Mooney and Warren K. Billings
and to indemnify them lat mech
anics' wages" for every day they
spent in. Jail. He declared fol-
abolition of capital punishment
and application of methods OF
Hiram johnson, former governor
to control public utilities.
The Oakland man, listed as an
advertising agent, gained much at
tention at the Democratic state
meeting in Sacramento when his
remarks led to some demands that
he be Thrown OUT He cam
paigned for asSemblyman of the
18th district last election but was
defeated. He seeks the Democratic
nomination for the governship.
Imperial Valley press., 1933-08-02
MEETING FOR
COTTON MEN

Two t4ry important meetings Of
valley cotton growers are scheduled
Tor tomorrow, according to an an
nouncement made by Frank Bey-
schlag, county farm advisor. this
morning.
The first Of these meetings will
be in the farm advisor s office at
the courthouse at o clock tomor-
row morning ana the other at 3;45
clock, Arizona time. at the u. S.
experiment station, Bard.
At both of these meetings the
program advocated by the govern
ment concerning cotton will be TAX
en- up and special consideration will
be given TO the means each grower
is 10 use in destroying his crop,
the farm advisor said. As far as
possible this will be worked out
with each individual grower and
the equipment he has 10 work with
on his farm.
Growers who are following the
terms of the program are advised
that that part Of the crop each
individual has agreed TO destroy
must be completely eradicated so
that no cotton can be produced this
year nor can there be any volun-
teer crop next season.
The individual grower will find
out from his committee whether
his certificate of performance is
TO be approved or not and will also
make arrangements with the indi-
vidual committeeman assigned TO
his particular case as to the time
the growers farm is to be visited
TO ascertain if the crop has been
destroyed, Beyschlag said.
He further stated that the grow
ers will receive their benefit pay
ments after the committee has GER
titled that the crop has been COM
pletely destroyed according to in
structions.
Imperial Valley press., 1933-08-02
URGE RETURN
Of ACTRESS

HOLLYWOOD, Aug 2. U.P)-A
plea for Sylvia Sidney to return
to work and do not by any action
place an everlasting stigma upon
your fellow players was dispatch
ed to the actress in New York to-
day by Adolphe Menjou, Chester
Morris, Hedda Hopper. Reginald
Barlow and Warner Baxter.
The actress walked off the lot
Monday after she was ordered to
return to work by Paramount studio
executives. She declared her doc
tors had ordered her to take a
rest following an operation two
weeks ago. so she promptly took an
airplane for New York. enroute to
Europe.
The producers then appealed to
the actors executive committee of
the Academy of Motion Picture Arts
and Sciences. and the appeal to re-
turn TO work was then written.
It was indicated Paramount
might seek an injunction TO pre-
vent Miss Sidney from leaving the
United States.
Paramount claimed Miss Sidney's
sudden departure from her picture,
in which she is supporting Maur-
ice Chevalier. will add 100000 to
the production costs to cover re-
takes.
NEW YORK, Aug. 2. U.P-Syl-
via Sidney, agitated by reports she
staged a one-actreSs strike at the
Paramount studios in Hollywood,
wanted it to be known today that
she stopped work because of q
neck ailment requiring expert med
ical attention.
The screen star arrived with
her mother, Mrs. Beatrice Sidney.
her secretary, personal maid and
her attorney. She planned to under
GO examinations today and then
decide whether to 60 to Europe
for treatment.
Miss Sidney described her all
ment as granelular trouble which
caused her neck to swell.
Imperial Valley press., 1933-08-02
i. A. Livestock
LOS ANGELES, Aug. 2. 4

LOS ANGELES, Aug. 2. UP)-
Livestock.
Hogs, receipts 375; 10 to l5 cents
lower; eastern and California $3.50
500.
Cattle, receipts $50; holdovers
$50; very slow; early sales steady;
medium to good fed yearling steers
S5.35-6l0; common steers $500;
common to medium COWS $3.00-375, /,
cutter grades $l50-2.75.
Calves, receipts 500: slow, very
steady at $6.50-7.00.
Sheep receipts none; good to
choice lambs quoted $6.50-7.35.
Imperial Valley press., 1933-08-02
PEROnAL
PARnCPnPHC

Mrs. Marion Buchholz and little
daughter, Joan, returned to Ell
Centre last night after a vacation
spent in Los Angeles.
Mrs. c. Y. Arnold and small son,
Junior, came down from the noun
tains last night for a days stay
in Ell Centro. They plan to return
to their cabin at Jacumba tonight.
Mr.. and Mrs. w. j. Leekey are
spending two weeks vacation on
the coast. Leekey is assistant city
engineer
Imperial Valley press., 1933-08-02
l.. A. Hay

LOS ANGELES, Aug. 2. U.H -
Alfalfa comparable to U. S. No. l
was quoted today at Sl2.00-l3.O0;
No. 2 leafy at S1200-12.50, and U.
S. No. 2 at S11O0-12.00 per ten.
Truck receipts AZ.
Imperial Valley press., 1933-08-02
DELAYED3s

Madam, why worry when Nature tails
Tou? NEOFEM, the Private Prescrip.
tion of DR.. r. II. Simmons, safely, quick
ly, without inconvenience, regulates de.
lays when other methods fail. Based on
most recent scientific knowledge. Easy
10 take. Used by. thousands. Liquid or
Capsules. At Leading Druggists.
). NJ. Laboratories, Inc, Seattle. Wash.