davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1933-03-01
MARYLAND BANK
BILL GOES To
ASSEMBLY

ANNAPOLIS, Md, March /,
Dictatorial powers, limited to six
months, Will be given the bank
commissioner Of Maryland if the
bill introduced today by Senator
Benjamin McKindless Of Balti-
more becomes a law.
The measure will end tomor-
row the bank holiday prolonged
today by a second proclamation
of Gov. Albert c. Ritchie. The
governor, it is understood, will
go before the join session Of the
House and Senate later today to
explain the McKindleSs bill.
BeStOws Wide Powers
The administration banking bill
would place every bank in the
State under the authority Of the
banking commissioner, or such
persons as he may designate.
Provision is made for the with
drawing Of county, city, and State
funds and allowing depositors to
give a check in payment Of taxes
or other money due to q county,
city or State.
There is no provision for
liquidating reserve funds OF
county banks, held in Baltimore
institutions.
The bill fails to allow for the
Withdrawals for payrolls. The
only way this item can be met
is either to borrow the money, or
make new deposits.
Suspends Limitations
The bill would suspend the
statute of limitations as 1t ap-
plies to banks, and for the
period of the emergency, bar
litigation against the bank. AT
the discretion Of the commits
sioner any bank in the State
could be released from the pro
visions Of the act, but he would
have the power to re-assume
control at any time he thought
necessary.
The commissioner is to fix the
rate of Withdrawals, and it was
not disclosed by administration
leaders whether he would set a
rate of withdrawal for all banks
at the same figure or whether the
percentage of Withdrawals would
be graduated according to needs
of the individual communities.
Any stockholder or deposition
who wished to take legal action
against the operation Of any
bank would have to apply to a
circuit court for a writ Of man
damus. The mandamus would be
issued only after the presiding
Judge had inquired carefully into
the actions of the commissioner
The Washington times., 1933-03-01
KENTUCKY BANK
; HOLIDAY NOT
MANDATORY

FRANKFORT, KY, March l
.MN.S0.-Governor Ruby Laffoon
early today proclaimed four-day
banking holiday, but several hours
later made known that the order
Is not mandatory.
On this assurance numerous
banks throughout the State re.
manned open today, although
most Of them limited withdraw
ais.
The governor ordered banks to
remain closed today and to re-
strict Withdrawals to per cent
on March 2, 3 and 4. He said
the action was taken to protect
Kentucky institutions from being
drained Of their resources by
bankless communities in adjoin-
ing States.
Banks at Louisville and Lexing-
ton remained closed, but at Ash
land, Catlettsburg and Russell
they opened on the S per cent
withdrawal basis.
The governor met last night
with leading bankers of Louis
vile, Lexington, Frankfort and
other cities.
AS legal holidays may only be
declared in Kentucky by the gov.
ernor naming days of Thanks
giving, Governor Laffoon desig-
mated the first four days Of
March as days Of thanksgiving.
The Washington times., 1933-03-01
8, S,O,:D|V|DENDS
ARE SLASHED

Cash dividend payments by the
companies of the Standard Oil
group for the first quarter Of
1888 will approximate $32, ,795, ,O29,
compared with $44,112,501 in the
preceding quarter and SAC, 6,801 ,053
in the first quarter of 1882, &C.
cording to records compiled by
Carl H. Pforzheimer & Co. ThiS
is the smallest total for any quar-
terly period since the third quar-
ter Of 1923 when $31,066,251 was
paid.
The omission of the extra divi-
dend by the Standard Oil Com
pany Of New Jersey and the lower
dividend rate of the Socony-
Vacuum Corporation accounted
for more than two-thirds Of the
decline in payments in the first
quarter of this year compared
with the same period Of 1882.
The remainder of the decline re-
fleets the omission of the quar-
terly dividend by the Ohio Oil
Company. reduced payments by
Standard Oil Company Of Ken
lucky, Standard Oil Of Nebraska,
Standard Of Ohio, Union Tank
Car Company and several Of the
pipe line companies.
Atlantic Refining, Chesebrough
Manufacturing Company, Humble
Oil and Refining, Imperial Oil.
International Petroleum, Standard
Of California and Standard Of In.
diana are among the companies
which are paying dividends at the
same rates as in the previous year.
The Washington times., 1933-03-01
N. Y. Curb Stocks
BY THEODORE KOsLOW

. NEW YORK, March 1 UN.S0.
The curb market drifted gen.
orally lower today in the face OF
dribbling liquidation, although
support was uncovered in the
leaders at levels well above the
recent low points.
The virtual absence Of forced
selling, so potent a factor in the
declining tendencies Of the past
week again encouraged hopes
that a recovery might be in the
cards from somewhat along these
levels. It was admitted, how
ever, that something in the way
Of constructive news was neces-
sary to stimulate buying interest.
Curb bonds showed an i'm
proved undertone, with such
recent weak utility issues as
American Power & Light IS and
Electris Power and Light IS hold
ing unchanged.
The Washington times., 1933-03-01
BANKS
HERE RESTRICT
WITHDRAWALS

Washington banks, with few ex-
ceptions, today were paying in
full any amount depositors wished
to withdraw.
The District National Bank
placed a restriction limiting with
drawals from checking or savings
accounts to per cent Of the bal
ance at the close Of business
yesterday. No more can be with
drawn until further notice.
New deposits and new accounts
starting today are subject to 100
per cent withdrawal upon actual
collection of the funds by the
District National. Joshua Evans,
jr., president Of the bank issued
the following statement:
"Owing to the heavy with.
drawals Of deposits during the
last few days, and in order to
safeguard all our depOSitOrs, the
board Of directors has passed q
resolution allowing depOsitOrs to
withdraw 5 per cent of their
balances in this bank at the
close Of business February 28,
1888 until further notice. Only
deposits and new accounts open
March l. 1888, or thereafter are
subject to 100 per cent with
drawal at any time after actual
realization Of funds by the
bank"
Park Savings Acts
The Park Savings Bank placed
a restriction to 10 per cent Of
the total account, provided this
does not exceed $100, and may
invoke the 60-day clause provided
in savings banks, officials of that
institution said.
The Security Savings and Com
mercial Bank also placed a limit
OF 10 per cent withdrawal on
savings accounts, with a 60-day
notice required for closing out
the account.
The AnacoStia Bank also placed
the 60-day rule in effect on saw
ingS, while the Chevy Chase Sav-
ings Bank placed a per cent
withdrawal limit in effect.
No Statement By Pope
c. H. Pope. president of the
District Bankers Association, said
that "the situation does not war.
rant any statement"
F. G. Await, acting comptroller
of currency, also refused to make
any statement on the situation
Other bank officials asserted
however, that their institutions
have ample funds on hand to
meet any Withdrawals.
The Washington times., 1933-03-01
Life
Is Quitting Britain

NEW YORK, March / GN.SO.
The Metropolitan Life Insurance
Company is withdrawing from
Great Britain, it was announced
today. It's outstanding insurance
there is being taken over by
Legal and General Insurance
Company.
The company invaded the Brit
ish field five years ago, origin
ally to write group life insurance
and annuitieS on employees OF
American companies with British
branches, but later sought bus
mess from British companies.
The Washington times., 1933-03-01
PREMIUM R USE
SEEN AS PERIL
BY WALL STREET SPECTATOR

NEW YORK, March 1 Q.N.S0.
They used the shopwork trick OF
jacking up the premium rates in
an effort to put the screws on
the bears yesterday.
Unless the short interest Is
conSid rably larger than generally
suspected, this artificial manipula-
ton of the market may prove a
boomerang.
Sentiment is a little more hope
full with the approach of the in
auguration Saturday.
It's odd that the stock ex-
change a half hour after an
nouncing a SO premium on steel
common should declare it a mis-
take and say it really was loan
ing flat. Over eager?
Reports from the floor were
that a deluge of stock came in
after the announcement Of the
premiums, anxious to make a bit
Of extra cash.
We understand some of the
bears were badly ratified when
they saw the rates go up. They
evidently have short memories.
The highest premium, Sc per 100
shares, is only 1-16 Of a point.
AS recently as year ago, when
the last squeeze of this sort was
attempted, steel common was
commanding y point a day, or
$50 per 100 shares, and some of
the volatile ones like western
Union went to a point a day.
That's paying through the nose,
making current premiums look
picayune. Some Of the houses
have stopped lending stock alto
gether, We hear, in addition to
raising the margins substantially
on short sales.
They're demanding so per cent
margin now, with a minimum Of
10 points even on a stock selling
as low as radio. The height Of
caution, we call it.
This time the incoming admin
istration is supposed to have a
live one ready to spring. Appar-
emily Wall Street is still look
ing for the dramatic, forgetting
that the more proSaic things like
government economy and a
balanced budget are what is
needed.
The Washington times., 1933-03-01
Spot Cotton Trade
Quiet at LiUerDOOI

LIVERPOOL, March l Q.N-S0. &.
Spot cotton was quiet and steady
at the opening today. Receipts
totaled 5000 bales. all American.
At midday middling fair was
quoted at 6.10d; strictly good mid.
ding, 5.65d; good middling, 5.35d;
strictly middling, 5.05d; middling,
4.90d; strictly low middling, 4.75d;
low middling, 4.60d; strictly good
ordinary, 4.40d, and good ordi-
nary 4.1Od.
Futures opened quiet and steady
with May at Aid; July, 4.75d;
october, 4.81d, and January, 4.84d.
The Washington times., 1933-03-01
100 Listed Stocks
SLI11n in FebrXQrH

The market value Of 100 repre-
sentative stocks decreased 1913
per cent, or $1,762, ,9O8,000 in
February to 1880, 1894 900, ac-
cording to Frazier Jelke & Com
pany, The February deprecia-
ton brings the value Of the
group back to the lowest point
since July, 1882, but leaves the
valuation 80 per cent higher
than on June 80 last.
The largest loss in dollars in
February was in the utilities,
which declined $379, 9,524, 900. The
oils dropped $275, $4,000; the
rails, 1928. .50S,000; and the
motors, 1904 ,227 900.
The Washington times., 1933-03-01
NET INCOME DROPS

Engineers Public Service Com
pany is sending out to stock.
holders its annual report for
1882. which shows $4,119,0O9 in
dividends and interest received
by the parent company. which
compares with $5,689,218 for 1881
and net income Of $3,799,134,
whici. compares with $5,301,24
tor 1931a 81 ,.-.I-I ..,--..-
The Washington times., 1933-03-01
GRAIN FUTURES
j. TEND LOWER

CHICAGO, March / G.N.S).
Wheat prices tended moderately
lower here today in dull early
trading. At mid-session prices
were 1s to 2sc lower or steady
with the opening.
Corn was down Hs to asc, oats
steady, rye 1sc lower.
Liverpool wheat was 3sd higher
and winnipeg h to Hc lower.
The Washington times., 1933-03-01
Bankers Increase
Bill Rates Again

NEW YORK, March / UN.SJ.
Bankers bill rates were boosted
l per cent today to the highest
level in more than two years.
The advance is the fifth in O
little mor1 than two years.
The raises reflect the increaS-
ing stringency in the local money
market caused by the withdrawal
Of funds by the interior because
of banking difficulties.
The Washington times., 1933-03-01
BRIGGS & STRATT0N

Briggs & Stratton Corporation
for the year ended De-
cember 81 net profits, after all
charges and taxes, of $30,638,
equivalent to 10 cents a share on
the capital stock compared with
1881 net profit Of $355,849, equiva-
lent to $1,18 a share.
The Washington times., 1933-03-01
DU POINT BUYS PLANT

The du Pont de Nemours Co.
has acquired the plants and in
secticide business of Rex Research,
Inc, in Toledo, Ohio, and will
operate it in connection with the
Grasselli chemical plant there in
which du Pont holds controlling
interest.
The Washington times., 1933-03-01
N. Y. Exchange Bonds
BY MUNROE ROBERTS

NEW YORK, March / QN.S0.
The bond market continued
irregular today, although bids
were readily ON hand for better
grade obligations at slightly
under previous closing levels.
The U. s. Government list was
again spotty. Rail liens held
within restricted limits. Foreign
governments were easier. There
was fractional headway in the
domestic corporation list.
The Washington times., 1933-03-01
WOOL MARKET

NEW YORK. March l U.N.s.).-wool
Aull, Domestic fleece unwashed Ohio
and Penn, 13@19. Domestic pulled
secured basis, 33@41 DomesticTexas
clean basis. 32@44. Domestic territory
clean basis. 30Qg44.
The Washington times., 1933-03-01
,,':. 4.,'.' .'.''..7*, St. +, ''.',' SHARE:

The Oakland Post-Enquirer,
established in 1886, is one Of
tile fastest growing news
papers on the Pacific Coast
and serves the third largest
metropolitan area in Cali
fornia. The Oakland Post
Enquirer is among the twelve
great enterprises owned by
Hearst Consolidated Publica-
tions, Inc.
You can share in the profits
Of this colossal enterprise by
paying 81 a share down and
then 81 a share per month
for the next "a months.
Every dollar made in pay.
ment toward the purchase Of
these $25 Hearst Glass "A"
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You are just as welcome IN
making a purchase Of a small
number of shares as a larger
amount. We will gladly fur.
nish you with complete in
formation regarding the
Hearst TO Thrift Installment
Plan. Send the coupon for
full details. Onward to pros
perity with Hearst Consoli-
dated!
The Washington times., 1933-03-01
PERFECT CIRCLE DIVIDEND

The Perfect Circle Company
reports that it's Canadian sales
of piston rings in 1882 showed a
gain of 81 per cent over the
previous year. The regular
quarterly cash dividend of SO
cents a share on common stock
has been declared.
The Washington times., 1933-03-01
C0uzens in Detroit
With Bank Aid Plan

DETROIT, March / GN.S0.
Senator James Couzens, dean Of
Michigan statesmen, arrived in
Detroit today with a new plan in
his pocket for reorganization of
Detroit banks and relief Of the
States banking crisis.
His arrival lent some basis to
reports current yesterday that
Henry Ford'S amazing plan to
create and control two new 100
per cent liquid" banks to replace
Detroit's two largest institutions
would not go through.
The Ford plan, which called for
$4,000, 900 r. F. c. loans, and
$8,250,00 capital to be supplied
entirely by the Fords, has met
BnagS.
CHARLESTON, w. Va, March
/ Q.N.SD.-The West Virginia
State legislature today followed
the course set by Ohio in enact
ing a measure to permit the
operation of banks under a plan
Of restricting Withdrawals Of
money. The measure was rushed
through both houses of the State
legislature late yesterday and
was signed Immediately by Gov.
William n. Conley.
= CHATTANOOGA, Tenn, March
! G.N.SO.-Chattanooga banks
will not close during the State
wide banking holiday proclaimed
today by Governor McAlister, &C
cording to 7. R. Preston, presi-
dent of the Hamilton National
Bank.
KNOXVILLE, Tenn, March /
,(IN.SO ALL Knoxville and upper
east Tennessee banks will re-
main open despite Governor Nc
Alister's proclamation Of bank
ing holiday.
The Washington times., 1933-03-01
NAVAL STORES

NEW YORK. March l SD.-Lin-
seed oil per H., 7.3 car lots. Turpen-
tine Sfirms Ash. Rosin firm common,
eSk
The Washington times., 1933-03-01
Nov AvaiIabIe!
$1.OO per Share Monthly

THE WASHINGTON TINES CO. 90
Stock Sales Dept. District $3.50
1317-21 H st. N. W., Washington. D. c.
Please send detailed information re"
garding Hearst Consolidated PublicA-
tions Inc. Glass "a" shares.
sssssssOsss...' . ..''''' '''''''"""sSS"""
Name
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Street
The Washington times., 1933-09-26
z SCHOOLBOYS
DISAPPEAR

Two missing Washington boys
are being sought today by Mont.
gomery county police following
their disappearance from school
yesterday.
Clair Dixon, IL. of the 200 block
Rock Greek Church Rd., and Billy
Mcclellan, IL, same address, were
last seen leaving school about 3
o'clock yesterday.
H. A. Dixon, father of Billy,
furnished police at Rockville the
following description of the two
boys.
Blair Dixon: Five feet tall, 95
pounds, light hair, blue eyes,
heavy set. He was wearing gray
knickers, a blue shirt, mixed
blue socks, and brown sneakers.
Billy Mcclellan: Five feet 3
inches tall, weight about 100
pounds, light brown hair. Was
wearing white knickers, white
shirt and tan sneakers.
The Washington times., 1933-09-26
PH|LADELPH|ANS
!. PLAN SEASON
IN CAPITAL

T The Philadelphia Symphony Or
chestra comes to Washington in
a series of four evening concerts,
under the management of the T.
Arthur Smith Concert Bureau, on
october II, November 81, Decem-
ber 10 and February 13.
Leopold Stokowski will conduct
the first and third concerts, Eu-
gene Ormandy the second, and
Essay Dobrowen the final concert.
The orchestra association and
Mr.. Stokowski have pledged them
selves to a season of great musical
interest. An adequate response
on the part of the public will en-
courage them to even greater
efforts. The program for the
opening concert on october II
has not been announced.
Those subscribing for the Wash
ington series of four concerts will
be given preference of locations.
DR.. Hans Kinder, conductor Of
the National Symphony Orchestra,
has returned to Washington to
begin preparations for the coming
concert season, which opens Sun
day. October Is. RehearSalS will
begin october /.
The first soloist is Ernest Hutch
eson, who will play one OF the
three or four compositions for
piano and orchestra. The list OF
soloists contains many great
names, and out Of the IL solo1sts
there are nine native born Amerl-
cans, one Canadian and one South
American.
The list consists of Ernest
Eutcheson, Ossip GabrlloWltsch,
Guiomar Novaes and John Powell,
pianists; Albert Spalding, Frank
Gittelson and Gloria Perkins, Vlo-
linists: Sophie Braslau and Rose
hampton, contraltos; George
Wargo, viola: Edward johnson,
tenor and John Charles Thomas
baritone.
The Chaminade Glee Club will
hold it's first business meeting OF
the season at the home OF its d.
rector, Miss Esther Linkins, 3615
Newark st. N. w., this evening at
H:45.
The first rehearsal of the club,
marking the beginning Of its thlr-
steenth season, will be held at
Thompson School, Twelfth and L
Streets Northwest, october 3, at
Y:45 D, m. New work is being
planned for the coming season
and prospective members are
Oordially invited to attend. Re-
hearsals will be held regularly on
Tuesday evenings at Thompson
School.
World famous symphonies and
symphonic poems, by master musl-
clans, will be featured in the work
this season at the Caroline Nc
Kinley Studios on Eye Street,
which will open for the twelfth
season the first week in october.
Under Miss McKinley's personal
direction, succession of SYM
tphonies will be offered in dance
form, including a Mozart SYM
phony, a Beethoven symphony
and a Tschaikowsky symphony.
Early in the autumn, Miss Nc
Kinley will also begin the creation
pf the dances for "The Forty
SThieves," which will be given this
winter at Central High School
Auditorium,
The Washington times., 1933-09-26
KensingtOn Chamber
To Hear DR.. Pearson

DR.. Raymond Pearson, presi-
dent Of the University of Merry
land, will speak before the Kens-
ington Chamber of Commerce
tomorrow night.
At a business meeting, to be
held earlier in the evening, dele
gates to the Montgomery County
Civic Federation will be selected.
The Washington times., 1933-09-26
County Police Seize
4 Rum Cars in Night

What may be a record for
county police activity has been
established by Prince Georges
County Policemen Willie Gray
and r. A. Naylor.
Gray and Naylor tracked down
and seized four liquor cars in cne
night More than so gallons of
alleged whisky was confiscated
by the two.
The Washington times., 1933-09-26
Arlington NRA DriUe
" earring COn1DLetiOn

The NRA drive in Arlington
county will be completed this
week with every household
solicited.
The campaign has been under
direction of Gen. Harry A. Eel
lows, chairman of the Board of
County Commissioners. A house
toulouse canvass has been carried
on,
The Washington times., 1933-09-26
Ferry Operation
Delayed by Slips

Operation of the new ferry at
Alexandria which was scheduled
to start today between Reardon's
wharf at the end of King Street
across the Potomac to the old B.
and o. wharf at Shepherds
Point, Southeast, has been post
poned because of uncompleted
slips.
The Washington times., 1933-09-26
HADLEY GETS POST

Major Albert D. Hadley, Of
Glendale, Calf, has been ap-
pointed senior attorney for the
licensing and enforcement divi-
sion of the Agricultural Adjust
ment Administration, it was an
mounced yesterday at the office
of Senator McAdoo.
The Washington times., 1933-09-26

If you have q room, house, apart
ment or automobile to sell or rent -.
advertise 1t! Use the WANT AID SEC
TION of this newspaper to reach our
great reader audience. Phone District
$3.50; Ask for ad-taker.
The Washington times., 1933-09-26

Rooms some with privilege OF
eating at the family table can be
rented through the Rental Columns Of
the WANT AID SECTION Of this news
paper.
The Washington times., 1933-09-26

"If at first you don't succeed, try,
true. IL you haven't been able to To-
cate the apartment you want. read the
timely selection offered daily in the
The Omaha guide., 1933-02-11

Writer'S Note: Watch this column ev-
The Omaha guide., 1933-02-11
FORCING GUARDIANSHIP ON
AGED WOMAN TENDS TO DISSI-
PATE HER BANK ROLL

A
Knoxville, Tenn. (CNS) Ate
more than twelve years Mrs. Lizzi,
White, age 20, of this city. who b!
careful management accumulatet
more than $4,000 and successful.
guarded it from sharks and crooks
finds herself a ward in the hands O.
a guardian.
DR.. S. N. Clark, who recently fount
that Mrs. White, a patient CARRIE
$4,000 in her stocking, filed a petition
in Knox County Court requesting tina
he be appointed guardian for the ag
ed woman who has no close relatives
The case came up for examination
and decision in the Knox County
Court last week and although the pet
ition was opposed by many, the agec
woman was declared Incompetent
and DR.. Clark was appointed hel
guardian.
The action is termed by many as
zone of the most fragrant and ride
ulous outrages ever p~erpetrated on an
i~noffensive, defenseless woman"
The News Sentinel, a white daily
Of the city in editorial comment on the
case, under the caption, "She Stayed
Out of Court" said:
"Down on Vine Avenue the other
day, "Aunt Lizzie" White. aged
and thrifty Negro woman, was being
examined by DR.. S. M. Clark, Negro,
who discovered a "tumor" on her leg.
The bulge beneath her stocking turn
ed out to be a roll Of bills totaling
point a guardian for "Aunt Lizzie. "
50, 900.
"Dr. Clark filed a petition to ap-
A jury held her incompetent. George
w. McDade was made temporary
guardian and that cost "Aunt Lizzie
$25. John Huff, attorney filed the
petition for DR.. Clark and that cost
"Aunt Lizzie" $50. Now DR.. Clark
has been made temporary guardian.
Later, he too, may apply for a fee for
his services. The average guardians
fee totals about five per cent. So
DR.. Clark may collect, if he wishes,
about $10O.
"Aunt Lizzie". it is estimated is a.
bout 70 years old now. Incompetent
or not, she had sufficient wisdom to
accumulate and hold on to her for
tune.
perhaps we misunderstood. Per
haps it is the purpose Of all these le-
gal moves to return "Aunt Lizzie's'
boarded cash to circulation. This may
be a great social good, but it is prov
ing costly to "Aunt Lizzie.n