davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
WARNING ON CREDIT
INITIATION IS ISSUED
Economics Director Believes Liqui
dation of Supplies Will End
Period of Depression.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, March 4-Liquidation
of supplies is the solution to the coun-
trys business depression, DR.. Stephen 1.
Miller. director of economics for r. G.
Dun & Co. told members Of the Rotary
Club at their weekly luncheon this
week.
In speaking on Looking Ahead With
Business i'll 1888" DR.. Miller warned
against an imitation OF credit as
means to bring about higher prices. but
advocated liquidation of supplies TO
start the upward trend.
"A mortal combat is now going on
relative to the general price level" DR..
Miller said This is problem in
credit The closing stages OF depression
are always marked by low prices. At
such a time there are two ways 20 get
higher prices, one by such llQulda-
ton of supplies as will start the upward
trend. the other. by an initiation of
credit The one is slow. sane and con-
tinuouS. the other uneconomic.
An extreme imitation in credit and
the currency will not put buying power
in the hands of the 10 coo 5000 men out
of work; it will not create demand for
the vast surplus that now exists in
several important basic commodities. 1t
will cause boarding Of gold. and the
breaking down of our credit system: it
will interrupt the orderly liquidation of
overSupply: eventually. if successful in
raising the general price level. it will
cancel itself out by the increased cost
of living and production. Extreme in
f1ation is a white rabbit
THE emergence of the United States
from this business depression-provid
ing We maintain our financial integrity
will be accompanied by a normal
hardening of prices due to the fact that
liquidation has run its course; due to
the Inauguration of national and indi-
vidual economy. and due to legislation
which has extended the credit scope of
the Federal Reserve System"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
Fidelity Assets Rise.

The Fidelity Investment Association
of Wheeling, w. Va. reports in the
December 81, 1882, balance sheet total
assets of $25 ,244,743, compared with
s25.228,597 as of September 80, 1882.
Holdings Of bonds totaled Sl4.92l 1915
at the lower of cost or amortized value,
compared with s15.222.981: holdings of
preferred stocks totaled $667,570, COM
pared with $643,820; and holdings of
common stocks totaled 1891, 900. COM
pared with 1891 ,909. Cash on hand
totaled $9O8, 1882. compared with $685.
SGT. Loans to contract holders totaled
s6,162,l63 compared with s65lS,58O,
and mortgage and collateral loans to-
tailed sl,l60,121, compared with ST.
O287ll
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
They have with them Mrs. John T..
Kelly of Albany, N. Y.


Miss Alethea Todd Anderson enter
tanned this week In honor Of the Wash
ington Branch Of the American Poetry
Circle. She was assisted in receiving
by Miss Maud Judith Scruggs, the
president. Miss Scruggs has received
a donation in appreciation Of the ad-
vance and interest in poetry the
Washington Branch, Is creating, from
Mrs Joseph Brownlee. given in mem
DRY Of her mother, Mrs. Ellen Gibson,
who was a poetess of note.
Among those reading original poems
were: Miss Loughborough, Miss Diana
Kearny Powell, Miss Florence Rad
cliffe, Miss Elizabeth Toldridge, Mrs.
C. L. G. Anderson, Miss Mabel Vincent,
Mrs. Gardner P. Orme, Miss Maud
Judith Scruggs. Mrs. Emma Sutton
Bennett and Miss Alethea Todd Alder
son. At the end Of the program buff
fet supper was served, with witty toasts
to the American poets.
Mr.. John P. Mahoney, mayor OF
Worcester, Mass, and Mrs. Mahoney
have arrived in Washington for the
inaugural ceremonies, and are at the
Carlton.
Mr.. and Mrs. Henry Parish of New
York are guests at the Shoreham, where
they will be for about three weeks.
Mrs. Parish is a cousin of Mrs. Frank
lin D. Roosevelt.
Mrs George H. Childs Of New York
is q guest at the Shoreham for the In
augural ceremonies. She Is honorary
president of the Women's Democratic
Club of New York and sister of Com
missioner John M. Curry.
Mrs. Bernard Bellmore and Mrs. 1r-
win Cohen were joint hostesses at a
luncheon and bridge at the Valley Vista
wednesday in honor Of Mrs. Samuel
April. There were 10 guests, the COL
ors Of the table decorations being car.
ried out in yellow and green.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
From the Front Row
Reviews and News of Washington Theaters.
Mr.. Dix and Miss Oliver
In a Lifetime Story at Keith's.
BY E. de S. MELCHER

In Lifetime Story at Keith's.
PICHARD DIX abandons the pur-
IN suit Of villainy to become q
humbug and predatory person, and
Edna May Oliver dips into the
stream Of sentiment, in 1.-THE Great
Jasper" which Is shown as the fea-
ture film attraction at R-K-O
Keith's. Those who are interested
in these two motion picture person.
alities are favored with entirely new
glimpses of them, and may take
pleasure in the combination that
energies when they cooperate in
acting for the screen. Following the
lead Of the stage, the producers have
undertaken to show the same char
acters throughout large section Of
a lifetime.
There Is a touch Of real life in the
experience Of the man who has been
leading double existence, and as
he nears the end, Is placed in the
singular position of protecting one
son against the impositions Of the
other. when the two have grown to
the age at which the parent was
beginning a useless career. The
favored son is the one who has
shared the mothers devotion to eth
ical principles. The son who is
condemned has inherited unreliable
traits from both parents.
Between these two extremes Of the
drama is the colorful experience of
THE Great Jasper" as a fortune
teller at Atlantic City, trade which
he has learned from Miss Oliver.
The feminine astrologer finds that
he has some outstanding social
traits, and as she reaches the con-
clusion Of her career, starts the
humbug on profitable business.
Aside from the fortune telling, and
the theatrical events Of the conclud-
ing days, the drama has little dis
tinction. serving only as an introduce
ton to the later developments. The
wife is admirably portrayed by
Florence Eldridge, who throughout
contributes greatly to the merit Of
the picture. Three young persons
are played by different persons in
childhood and youth. David
Durand, who has previously won
praise in motion pictures, is the
young son of the legitimate family,
while that role is later taken in a
spiritual manner by James Bush.
The other son is we'll played by
Bruce Line and Bruce Cabot. The
girl in the triangle is in the hands
OF Dorothy Gray and Betty Furness.
The Keith program also includes
several short films, including the
presentation Of new cabinet men,
bers in the news reel.
DC. c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
ARTHUR L. BR0WER PUT
ON INSURANCE BOARD
Special Dispatch to The Star.

Special Dispatch to The Star
NEW YORK, March Arthur L,
Brewer, vice president, Bakeries Serv-
ice Corporation, an affiliated company
Of the Continental Baking Corporation
has been appointed to the New York
Advisory Board of the Liberty Mutual
Insurance Co.
As q member Of this board Mr..
Brewer will be associated with Walter
G. Allen, chairman, Yale & Towne
president, Wellington Sears & Co.: Ed
ward c. Bowers, president, Wickwire
Spencer Steel Co., Inc; John j. Brown,
chairman of the board, Foster Wheeler
Corporation; Henry Bruere, president,
Bowery Savings Bank; Albert A. Clark,
treasurer, General Baking Co.. Howard
Coonley. president. Walworth Co.; John
B. Jeffress, jr., treasurer. Continental
Can Co.; Harold A. Ley, president, Life
Extension Institute; Lionel j. Noah,
president, American Wooden Co., Inc !;
Thomas j. Watson, president, Interna-
tional Business Machine Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
LAWS TO PROTECT CURRENCY
BASED ON SOUND MONEY IDEAS
Survey of Legislation and Policies of Gov
eminent Reveals Extent of Protection
Given American Dollar.

maintained at q parity with gold, there
is strong body Of opinion taking. the
position that specie payments should
be abandoned as means Of stopping
the withdrawal Of currency now embar-
RAISING the banks and checking bust
ness, and. its corollary. the boarding by
depositors of money either in safe de-
post vaults or through transfers to
countries abroad. This Is the most radi-
cal OF all of the suggestions and the
one least likely to be adopted in the
short space Of time necessary to effect
change II a national moratorium Is
to be avoided.
The same may be said Of the widely
lar. This would involve much banking
legislation. II the experience Of other
countries that went through the same
stage Of currency change is to be &C
cepted as a precedent, it could not be
put into operation for months. This
also applies to the various infiationary
schemes that have been before Congress
and which are not Of type that can be
rendered workable unless the provisions
of the bills relating to them are care
fully drawn after long series OF
debates.
For these reasons the opinion in
banking circles Is rapidly centering on
an early statement from Washington,
either before or directly after the
Roosevelt Inauguration. which will give
a national character to the moratoria
now in effect in half of the States and
bring to an immediate stop the with
drawals that are being made by indi-
vidual depJSitors in the other States
where there are no restrictions.
Would Relieve Strain.
Most important of all, 1t would re-
,ieve the tremendous strain on the
New York banks now being called upon
to supply funds to their correspondents
in all parts of the United States. Not
the least benefit forthcoming from such
a proclamation would be the lifting of
the pressure on the market for United
States Government bonds, whose heavy
decline is rapidly embarrassing the
Treasury officials in Connection with
their immediate refunding operations.
Another suggestion that is actively
being considered is the issuance of
clearing house certificates by the banks
of the country and the Stoppage of cash
payments, following the procedure
adopted in the panic Of october, 1907,
and then effectively supplying banking
facilities. 1t is argued that this method
could be more readily put into service
now inasmuch as it would have the
aid of the Federal Reserve system and
could be administered through the u
Federal Reserve districts of the country.
Copyright, 1g33O
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
ROCK BLOCKS DEVICE
BORING FOR TREASURE
Inventor Shifts Operations, Conf
dent of Rich Find in Los
Angeles Hill.

LOS ANGELES, March 4-Shoveling
for gold in the mysterious treasure
vault" on midtown hill turned into
hard rock mining for three searchers
yesterday when their shaft struck en-
bedded boulders.
C. Warren Shufelt, inventor of the
device which he said had located more
than 100000 worth of gold under the
hill, Immediately shifted operations A
short cross cut was started at the bot
tom of the 22-foot shaft, to go around
the boulders.
Meanwhile, Los Angeles County,
through the vigilant eyes of a deputy
sheriff, kept an eye on the gold dig
ging for if gold is found the county
gets half. Shufelt says the treasure
was stored by Spanish padres.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
Special Dispatch to The Star.

special Dispatch TO Inc star.
NEW YORK, March fat this
moment, when the crisis in the bank
ing affairs of the country is swiftly
change in our financial system to cure
or alleviate present troubles, 1t may be
well to cite sections of laws that have
been enacted to protect the money
of the United States as well as to de-
fine the meaning of the term sound
money"
First of all, and most important in
the present situation, is the declara-
ton in the Democratic platform adopt
ed in Chicago last July in which the
party advocated "a sound currency to
be preserved at all hazards"
Maintenance of Parity.
I In section 20 Of the Federal Reserve
act, passed IN 1913 during the admin
I istratiOn of President Wilson, is the
following paragraph:
Nothing in this act contained shall
be construed to repeal the parity provi-
sion or provisions contained in an act APP
proved March IA, 1900, entitled An act to
define and fix the standard Of value, to
maintain the parity Of all forms of
money issued or coined by the United
States, to refund the public debt, and
LOT OInef purposes, ana the secretary Oh
the Treasury may, for the purpose OF
maintaining such parity and TO
strengthen the gold reserve, borrow gold
on the security Of United States bonds
authorized by section 2 of the act last
referred to or, for one year, gold notes
bearing interest at rate OF not TO
exceed 3 per cent per annum. or sell
the same II necessary to obtain gold"
The historical progress OF sound
money In this country. up to the time
20 years ago when the Federal Re-
serve System was initiated, begins with
1879. since when the paper money of
the Government has at all times been
| redeemed by the United States Treas
ury in gold on demand. In 1895 a
test Of the gold standard and of sound
money" came and was met by President
Grover Cleveland who acted in the
emergency in way it is to be hoped
his successors will deal with it if they
are compelled to face like situation.
In 1900 the gold standard act came into
being This compelled the Secretary of
the Treasury to maintain all forms OF
our money or currency at parity with
gold. The Secretary of the Treasury
was not at that time equipped with
The means of carrying out his respon-
sibility This defect in the law was
corrected in the Federal Reserve act of
1913
Specie Payments.
Because all forms of money issued
or coined by the United States are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
BANK STOCKS LOWER,
MONTHLY REVIEW SHOWS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. March New York
City bank stocks lost ground during
February, Holt Rose & Trostcr report.
A combination of banking developments
influenced price movements. centering
chiefly in recrudescence of bank mora
toria in the interior. Opening February
at 1922. the firms weighted average
of II representative New York City bank
stocks reached the months high Of
1896 on February 9, but thereafter re-
acted and finally closed February 20 at
1888, which is the new 1888 low.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
INCREASES IN CASH
ASSETS REPORTED
Many Firms Show Strength
ening of Liquid Resources
During Year.
BY the Associated Press,

NEW YORK, March Awhile the
earnings reports of most corporations
for 1882 have been relatively sour"
reading. financial analysts point out
that number Of the leading organiza-
tons actually improved their cash po-
sitions during the year, In spite Of the
decline in profits.
Tabulation of recent corporation
statements by the Standard Statistics
Co. discloses that 674 companies which,
in 1881. were able to earn 81 ,045 ,496, 900,
for 1882 showed aggregate profits of
only $325,584 900, drop Of 68.7 per
| cent.
Cash Gains Reported.
At the same time quite large num-
Der OF concerns, in their year-end re-
ports, provided evidence of their abil-
ity to improve their resources Of cash
or equivalent during the year, as COM
pared with their position at the close
Of 1881.
Among the recently reporting COM
panies that showed actual gains in cash
over the previous year were American
Can. American Metal Bell Telephone
OF Canada, Brooklyn Union Gas. Con-
solidated Cigar. Consolidated Gas of
New York. Continental Can, Drug, Inc;
General Bronze, Gold Dust. Goodyear
lire d Rubber, Lor1llard, McKeeSpOrt
Tin Plate, Mathieson Alkali Works, Mo-
hawk Carpet Mills, New York Air
Brake, OWens-Illinois Glass. Parke
Davis. Phillips Petroleum. Sharpe g.
Dohme, Trico Products, United Fruit
and United States Tobacco
In most instances, it was pointed
out. this showing was made in the face
of generally unfavorable earnings con-
ditions. The reduction of security port
folios, in many cases, was responsible
for the increase in cash.
Earnings Position.
The statisticians called attention TO
the comparative stability Of utility cor
poration earnings in the composite pic
, ture. For the GA utility systems thus
far tabulated the net for the past year
was S4l5, 1928 900. or a shrinkage Of only
208 per cent from the 1881 total
On the other hand, 500 reporting in
dustrial units showed combined earn
ings of only S16263 900. compared with
S468 662 900 in 1881. The net loss of
Al railroads, at the same time, was
Sl06,000000, as against a profit of $50
l54 900 i'll the previous year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
USED MORE ADVERTISING:
HUGE DIVIDENDS PAID

In 1892 the Paris Medicine Co., in
st. Louis, maker of Groves Bromo
Quinine, paid four quarterly dividends
of 500 share each. The company's
unique capitalization consists of 100
shares of capital stock of 500 par value.
It has no funded debt. no bank loans
and wound up 1882 with current ratio
OF 10 to /.
Stimulated by newspaper advertising
and a new management, the company,
during the last six months OF 1882, re-
ported so per cent increase in profits
and q 80 Is per cent pickup in sales
over the like 1881 period To achieve
this showing 1t spent $750000 for news
paper advertising in the United States.
sal 900 in Canada, and $4,000 in for
eign newspapers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
BURGLAR is PUNISHED
BY JUNIOR VIGILANTES
"Secret Sixteen" Composed of
Small Boys, Takes Law Into
Own Hands.
BY the Associated Press.

I
ST. PETERSBURG, Fla. March A.
The Secret Sixteen"-junior vigilantes
of the top and marble age-took the law
In their young hands and punished q
burglar in the good old fashioned brick
and-bat manner late Thursday night.
Phillip Damn called the neighborhood
gang into action with a low whistle
you know, the kind that's made with a
boys two fingers and a blast of breath.
The gang heard the distress call and
pajama-clad kids armed with base ball
bats, bricks and rolling pins tumbled
out of windows.
There he is, fellows" said l4-year-
old Phillip. pointing to a tall figure
flattened in shadows of garage. Hes
a robber-up and at i'm
The gang attacked. The burglar tried
to run. but husky little fellows with VIC
ious bats blocked his way. They
pounded and kicked. Cut and bleeding,
the robber finally ran. A clothes line
caught him under his chin and sent
him sprawling. The Secret Sixteen
were on him like yellow jackets on a
honey ball.
The culprit jumped into a creek and
escaped in car he had parked on the
other side
The police discovered the burglar had
got away with jewslry valued at 1900,
but many other valuableS he had taken
were strewn along his route Of retreat
He also lost some skin
The Secret Sixteen"-all about IA
went back to bed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
INSURANCE STOCKS OFF
DURING PAST MONTH

Special Dispatch to The Star.
NEW YORK, March Assurance
stacks in the New York City market
closed at lower levels for the month of
February, their market action CORE
spending closely to general security
markets. Holt. Rose & Troster report.
After reaching the months high of
2458 on February 19. the firms weight
ed average of 20 leading issues declined
to the 1888 low of 20.43 on February 81,
closing February % at 2064.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
NATIONAL COOPERATIVE
COMPANY REORGANIZED

The National Cooperative Associ-
alton has been reorganiZed and its Of
fees removed TO Suite 1856, Southern
Building, where it is now actively en-
gagged in serving its membership. For
mer Representative Charles I. Stengle
has been elected president of the
board of trustees. and together with w.
Gerald French and John A. FLOYD. the
two other trustees, is looking after the
welfare of the members of the organi-
Zation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
CONSTRUCTION CONTRACTS.

NEW YORK. March 4 tP}.-Engineer-
ing NeWs-Record reports that heavy
construction contracts awarded in the
week ended February 81 totaled Sl0.-
592 900. the second smallest week of the
year. Cumulative contracts for 1893 to
date amount to Sl66 $4,000. A year ago
at this time volume had reached $I97.-
Ala 600
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04

Jenu 10 De. OIlc
is the same Mae
West W h o S e
shoulders t o i
low one after
the other as she
W a ks; who
twists h e r self
this W ay and
that, and whose
voice Is the same
nasal contralto
that it was when
Washington po-
litely hustled
her off the
boards Of the
BelaSco.
Miss w e S t,
however. h a S
in,nr1x,aJ Che
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
Raw Silk Imports.

NEW YORK. March LP.-Raw silk
imports last month totaled 23,377 bales,
compared with 53,1l4 bales in January,
says the Silk Association of America.
Inc. Deliveries to mills amounted to
81, 665 bales, against 46,204 in the pre-
vious month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
Mrs. Conrad Entertains
Miss Penfield of New York.


Miss Virginia Bacon Penfeld ar
rived last evening from New York to
visit her grandmother. Mrs. William M.
Conrad of the Shoreham, during the
inaugural festivities.
Miss Penfield, who is the daughter
OF the late Mr.. Walter Scott Penfield
OF washington, is student at the
Spence School in New York.
Mr.. and Mrs William Livingston
Crounse have gone to Atlantic City to
remain over the week end.
Mrs. Peter Arlington of North Caro-
lima and New York entertained a dinner
party Of Is last evening at the May
flower In compliment to the four Con-
federate generals here for the in
auguration. Gen. Homer T. Atkinson,
commander in chief Of the United
Confederate Veterans: Gen. r. A.
Sneed, past commander in chief Of
the U. c. V. and now secretary of the
State of Oklahoma Gen. H. NICK.
Evans, commander Of the A. N. D., of
Northern Virginia u D. c., and Gen.
Edgar Warfield of Alexandria, Va. Col.
Randolph Coyle, u S. NJ c.. aide to
the commander in chief, was also
among the guests.
Miss Dorothy Quincy Tirrell has as
her house guest Miss Mary Rothschild,
daughter of Mr.. and Mrs. H. S. Roths-
child of New York.
Mr.. and Mrs. Camden McAtee will
entertain company of IL at dinner
this evening in their home on Thirty
fourth place, and with their guests will
later attend the inaugural ball.
Miss Louise Tittman entertained at
luncheon yesterday at the Yellow
| Feather when her guests included Miss
Gladys Szechenyi, daughter of the
Minister of Hungary and Countess
Szechenyi: Miss Ruth Tuckerman. M'sq
Frances Worroll, Miss Evelyn Wakes
and Miss Betty Burke.
Mr.. E. L. Donaldson will entertain q
party of 10 at the Madrillon dinner
dance this evening.
Long Island Visitor
Here for Inaugural.
Miss Dorothy Grace Brodt, daughter
of Mr.. Alex Brodt of Long Island, N
| Y, will be the guest Of her grand
mother, Mrs. Grace H. Graham, for
the inaugural ceremonies.
Mrs. Mary Hardaway and her
daughter, Mrs. Mamie Jurden OF
Blackstone. Va. are stopping with Mr.
and Mrs. William Doyle at the Plym-
outh.
Mr.. end Mrs. John j. Dunnigan with
their daughter. Miss Margaret Dun
nigan Of New York, are guests at the
Shoreham for the celebration OF the
! Inauguration et President Roosevelt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
NEW BOND ISSUES.

NEW YORK. March R.-New
bond issues formally offered in the New
York markets this week came to only
$500 900, compared with S4.950. 900 last
week and S4O,5060 900 year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1933-03-04
"She Done Him Wrong"
A Sweetened Diamond LII. "

~ AMT ice," says May ("Dia-
- mond Lil") West to Cary
Grant, toward the end Of
i "She Done Him Wrong" the
flaming Bowery saga current
at Loew's Palace. That remark
rings curiously true Miss West
amt ice." Nor does she ever pre-