davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1933-12-28
BANK RECEIVER
 GRANTED $7,OOO
Attorney George Foster of Bridgeport Has Asked
 Sum of $2O,OOO

Bridgeport, Conn, December 2S - (UP) - An allowance of $7,000 for the work done by Attorney George Foster as receiver for the closed American Bank and Trust Company and Commercial Bank and Trust Company, was made to- day by Superior Court Judge Ern- est A. Inglis in denying Fosters claim for $20.000 in fees.
 Fosters claim was bitterly op- posed at court hearing last week when attorneys for depositors con- tended the receivers claim for ap- proximately $150 Q day for three months work excessive.
 ''I can allow the receiver noth- ing at this time for his efficiency and responsibility" Judge Inglis' decision said. "These questions will be decided at the Termination. of the receivership."
 The court allowed Foster abou; $50 a day for actual office work. exclusive of court appearances.
 "This court is here to give jus tice, not charity" the decision read, in upholding the contention of attorneys for depositors that many of their clients were dis tressed because their entire sav- ings were tied up in the suspended banks.
The Waterbury Democrat., 1933-12-28
RecoDery Hinges On
 Securities ReUisiOn
Prompt Modification of Act Seen as Only Aid to
 Immediate Improvement in Business

have not reached that stage of the
 economic cycle where private fn-
 dustry Is prepared to.make a gem eraI appeal for long-term funds 10 finance important expansion activ- ities. But in order to each that
 stage we must lay a foundation of confidence permitting business exc
 cutives to plan ahead with sclf-as- Surance, and we must facilitate
 rather than hamper access to the
 long-term capital markets.
 Faced with the difficulty of rais- ing Iong-term funds as a result of
 the Securities Act. executives of
 corporations have to skimp in their budgets to protect their cash posi- ton to meet presisng obligations.
 such as bond issues held by the public maturing in the next year
 or so. or large bank loans that come up for recurring renewal and that in many instances call for constant amortization. II seems probable that if it were not for the Securities Act some of these cor rorations could have been financed
 with q further improvement in business, and their treasuies thus
 be placed in a position vince the
 management could again plan con structively for the future and re-
 sume a forward movement.
 Recovery cannot come without
 Q wholesome revival of confidence
 in industrial circles, readily avail
 able long-term investment funds and renewal of activity in the i capital-producing industries. Il does not seem reasonable to us that the Securities Act will be per
 mitted to remain unaltered and tc act as an obstruction to the fur
 tier economic recovery of the | United States.
The Waterbury Democrat., 1933-12-28
Wool Market

Boston, Dec. 2S.-(UP) .--Rela- lively little business was being done in the Boston wool market today, but the price structure held strong. Woolen mills con- tinued to keep in close touch with the market. Buyers for these mills have taken about 2,000,000 pounds of wool during the past week, it was estimated, chiefly to cover contracts for U. $. government cloth. Three grades of B pulled wools, white stained and gray, were involved in the latter business, sell ing at 63-70 cents pound.
 Ohio De1aine and similar fine combing wool was quoted at 35-37 cents a pound in the grease; half blood, 36-37; three-e -eighths. 42-43; and quarter-blood, 41-42. Territory graded strictly staple fine combing wool was quoted at S6-S8 cents clean: half-blood, S3-S5; three eighths. S1-S3; and quarter-blood 73-75.
 The L. s. agriculture department said: 'Scattered transactions, in. volving moderate quantities of do. mestic wools, arc being closed ir the Boston market at firm prices Most of the limited volume of trad ing is on western grown wools Good twelce months Texas wool has been sold at S4-S6 cents, secured basis. Strictly combing 56s, 3-S blood, territory wool was moved al S0-S3 cents. secured basis. Low IA blood 46s. territory wool has realized 64-67 cents, secured basis on q fair sized quantity"
The Waterbury Democrat., 1933-12-28
By ELMER c. wALzEh

(UmllEU EEes3 ElUMAtCAu1 uAlhAoEl
 New York, Dec -2S.--(UP)--Mil- lions were added to the market value of stocks today in a quiet continuation. of yesterdays rally that brought the stocl. list to levels touched in the early December re- covery.
 Rising tendencies prevailed all day and prices near the close were not far from the days best despite moderate profit-taking. Trading was quiet as compared with yester- days 3,0SO. 1000 shares. however, and tickers were easily able to keep abreast of the market at all times.
 A feature of the day aside from the rise of to more than 4 points hwas the large number of cash transactions. These represent deals for tax purposes and have to be made for cash and immediate de- livery inasmuch as there will be no delivery of stocks until next Tues day under the two-day delivery rule of the exchange. No deliveries are made on Saturdays.
 Commodities and bonds rose with stocks and the dollar firmed up slightly in terms of foreign ex- change. Grains were exceptions in the commodity group, wheat, oats, and rye being slightly lower.
 Automobile issues led in activity
The Waterbury Democrat., 1933-12-28
HooDer Culprits Went Into
 Pocket OfSenator Walcott

short selling was to be investi- gated.
 "Unpatriotic bear raiders are wrecking the administrations re- covery plans" Walcott told ques- tioning newspapermen. T have a list of the culprits in my pocket"
 There was a general demand for the names. Walcott tapped his pocket and assured questioners that the names were there and would be revealed in good time. And there quickly passed in the senate reso- lution authorizing the banking and currency committee to conduct the investigation. But something hap pened 10 the list of Walcott's "cul- prits."
 What cuIprits?" Walcott later would inquire blapdly. His col leagues merely laughed whom the matter was broached.
 The idea spread that influence had been exerted from somewhere to prevent the naming of names Tn Mir Hoovers complaint that short sales invariably swept the market down after he had struggled to im- prove public confidence in the na- tion's future Joslints promised ex- pose has revived interest. especially in .he possibility that. he may go heyond merely naming inc Wal colt culprits to explain why their identities were kept secret 2l months ago.
The Waterbury Democrat., 1933-12-28
MARRIAGE OVER TELEPHONE WAS
 NOT PERMITTED
Consul at Pargue Stopped It Just as Ceremony
 Was to Begin

El Dorado, Ark. Dec 2S-(UP)-- A proposed trans-oceanic telephone wedding involving a man and his sweetheart at Prague, C8echoslova- kia, was halted by the American consul general at Prague . just as the ceremonies were to have start ed.
 , The consul general X ruled that Benjamin Lebowitz. bridegroom elect had not offered sufficient proof of American citizenship.
 Lebowitz had paid $36.29 to the Telephone Company to establish the connection with the consulate at Prague. Both wedding parties had gathered, and the two scenes presumably were all set for the ceremonies.
 At Prague. however, ogstacles arose. The consul general refused to permit the call to be put through explaining he was not certain such Q wedding, with prinicapls separt- ed by 5000 miles, would be legal.
 Lebowitz. Circuit Judge J. s. Britt and Fl Dorado wedding party were gathered in an attorney E office here. all wearing earphones, expectantly awaiting the novel ceremony. A wedding cake lay on a. table in the office, waiting to be sliced.
 Then the bad news from Prague and a dead telephone line,
The Waterbury Democrat., 1933-12-28
Federal Government
 Suing 20 Bankers
Seek to Have Clearing House Members Repay De
 positors of Defunct Hartman Trust Company

tion and bankers forming its gov erning committee-make good on their written promises to meet the claims of the Hartman bank s 1d,OOO depositors, estimated to total $9,S75,000.
 The action climaxed a pine- month attempt to persuade mem- bers 10, make these payments, in accordance with guarantees made by the clearing house committee during the critical period of 1882 and early 1888. At that time the committee arranged with the con- troller of the currency to keep the Hartman from closing to avoid a city-wide banking crisis.
 Preliminary discussions between the government and clearing house members resulted in 15 of the members indicating a willingness to accept the results of arbitra- ton. Five members demurred. in- sisting on court determination of liability.
 Filing of the suit constituted the governments second entrance into the tangled Hartman organization It previously indicted Joseph w Hartman, former president, an charges of falsifying records and misapplying certain of the banks funds.
 The amount of the deficiency cannot be readily ascertained, the complaint added, "but if pro-rated as usual among the clearing house banks will not exceed a small frac- tion of the surplus of any"
 The combined surplus of the member banks, according to 8 re- cent statement. is more than $1,- 00,000,O00.
 The defendant banks are the bank of New York and Trust Com pany Central Hanover Bank and Trust Company, Chase National Bank, Chemical Bank & Trust Com pany, Commercial National Bank & Trust Company. Continental Bank & Trust Company, Corn EX- change & Trust Company, Guaranty Trust Company. Irving Trust Com pany, Lawyers Trust Company Manufacturers Trust Company Marine Midland Trust Company New York Trust Company, Public National Bank & Trust Company of New York, Title Guarantee & Trust Company, National City Bank Bankers Trust Company, Bank ot the Manhattan Company, Firs National, Bank and the Fifth Ave nue Bank.
The Waterbury Democrat., 1933-12-28
NEW HAVEN ROAD IS NOT DISPLAYED
 BY ITS DEFICIT

New Haven. Conn. Dec 2S-- fUP) Simultaneously with 8 financial report of the New York, New Haven & Hartfoard railroad for the II months ending Novem Der 1888 which showed a deficit of $4,446,607 before guarantees had been incurred, John J. Pelley, president, today expressed optim- ism for continued business inl- movement during the year 1884.
 Pelley said the New Haven road would do its shar to aid national recovery during the coming year by expending $3.500,00O on passen- ger train car improvement. which would include air-conditioning of 142 steel passenger coacnes.
 &"Developments of the past year" said Policy, indicate that we have passed the low point in this de- lression. A definite upward trend has been established and railroad fright traffic. which is conceded to be fairly good index of general business conditions is definitely Letter than year ago"
 In his statement. Pelley said rail- road freight traffic in New Eng land "did not reach the low levels experienced by other parts of the country during the years 1881 and 1882, and for this reason the improvement shown in 1883 when compared with the previous year lias not been as great for New England as for other sections of the United States"
The Waterbury Democrat., 1933-12-28
EDWARD |. ASHLEY
 DIES IN SD YEAR
Steel Authority Passes After Lengthy lllness-
 Funeral Saturday

Edward Leonard Ashley, S3 member of one of Americas oldest families, died yesterday at his home. 99 Hillside avenue after a lengthy illness. He was one of the citys authorities on steel, and at one time mechanical superfnten- dent at the Scovill Manufacturing company.
 He was born in Cornish, N. H., 1850, the son of Edward Phillips and Harriet Newell Ravens Ashley. His ancestors can be traced back to the Mayfower. He made deep study of genealogy and was in- tensely proud of his family's ac- complishments.
 He is survived by his wife, Mar Saret F. Ashley; a son, Leonard Hathaway Ashley of Philadelphia; one daughter, Margaret F., wife of Judge Theodore Meyer; four grand children, Anne Hathaway and Ed ward Leonard Ashley, both of Phil adelphia, and Theodore V. and Robert Hathaway Meyer of this city.
 Private funeral services will be held Saturday morning at II o. clock at the home, with Rev David P. Gaines officiating. Burial will be in Riverside cemetery.
The Waterbury Democrat., 1933-12-28
OVER 9,OOO,OOO
 JOBLESS PEOPLE
 WERE EMPLOYED
That is the Answer to ln= augural Address of
 the President

Boston. Dec 2S.-tUP) More than 9,000,0 persons have been given employment since President Roosevelt's inaugural address, The blast from sa trumpet that the whole nation understood, Donald F. Richberg, general counsel for the MIRA. told an audience here last night.
 Speaking in historic Faneuil hall to q capacity crowd at an MIRA progress meeting" Richberg out lined the accomplishments of "one of the most significant years in the history of the United States"
 For 10 months he said, 'in the face of worldwide reaction against democratic institutions. the United States has moved forward under the leadership of the most courageous and democratic statesman of the modern world"
 "As a direct result of the work of the recovery administration, over 3,O00,000 persons have been reemployed, and the purchasing power of industrial workers has been increased by at least $3.000,- 900.
 "In addition to this lasting gain, work has been provided of a less permanent character, through pub lie projects, for over 100000 per- sons. and, in temporary employ ment, work for 100000 more.
 Richberg said 1t would seem inn possible "for a responsible man of affairs to face these figures and then to make wholesale denial of the benefits of the recovery pro- gram"
 "Every basic industry now oper- ating under a code is recording the substantial benefits derived by management and labor from the application of it's code" he con- tinued. Textiles, oil lumber, bi- luminous coal, leather, retail trades and automobiles are all telling the same story, of better conditions and better wages"
The Waterbury Democrat., 1933-12-28
BY LYLE C. WILSON
 United Press Staff Correspondent

Washington, Dec. 2S.-(UP) - Names of tho mysterious twelve bear raiding "culprits" at whom Former President Hoover aimed the senate stock market investiga- iion, and missed 21 months ago were promised today for early revelation. Theodore G. Joslin, White House secretary during the latter part of the Hoover adminis- tration, is announced as the author of book which will tell an inside story, including that of the presi- dents discovery of depression bear raids. So far as has been. ascer- tained, the bear raiders who were t0 have been brought to bag by MT Hoover were not even wounded, Hut the inquiry was deadly 10 other expected game including Charles l.. Mitchell. resigned head of the National City Bank. and AL liert H. Wiggin. who recently sur rendered $100,O0 pension from tlie Chase National Lesser game fell In plenty.
 Jt all began on the front steps pGthe executive offices in February. 1892. Senator Walentt. republican. tsennectieut. < a fermer Investment hilnkcr and one of inc few Hoover 5tes in the depression senate, eiher9ed from the presidents of flee with an announcement that
The Waterbury Democrat., 1933-12-28

New York. Dec 2s-Business re- c0very in the United States re- quires the prompt modification of some of the measures adopted for its aid, states the Guarantee Trust Company of New York in it's weekly eview of business and fi- nancial conditions in this country and abroad.
 For months the Federal Securi- ties Act has been a subject of na- tion-wide discussion and contro- versy. and much time and thought are being devoted to the future of the long-term capital market in the light of this legislation, the survey continues. Public financing of industry as we know it in this country today is largely a growth of the last twenty years. Viewed ever a long perspective, it was per- haps inevitable that the spectacu- lar expansion of a great social ac- tivity should have been attended by abuses. At any rate. the abuses nave grown up and have made im- peratiye an oyerhauling of the practices in our long-term capital market. The administration has made the securities act its chief Instrument for accomplishing this purpose. But the new law is prov ing far from satisfactory, and al- though it's underlying purpose, calling for truth in securities" Is entirely sound, we believe that im- portant changes are necessary to make it workable.
 Not a single important high grade corporate investment issue has been offered to the American investment public since the Secu- rites Act became fully effective on July 27. The amount of all cor porate securities placed on the market in the month of october was only $3,109,204, the lowest level recorded in any month since 1919.
 Obviously, it would be a mistake to place sole responsibility for the death of new security issues on the Federal Securities Act. The level of new financing had already fall en considerably during tho depres- sion before the Securities Act be- came effective. During the summer the effects of the unsettled busi- ness outlook made corporations hesitant about projects that might involve an appeal to the long-term capital market. More recently, un- certainty over the future of the dolla Is giving to our most conser- vative investments speculative outlook and affecting adversely the demand for them.
 At the same time 1t would be equally wrong to assert that the Securities Act has had no influence on business conditions. Perhaps we
The Waterbury Democrat., 1933-12-28

Continued from. Page D the oil and steam pressure was dropping fast. The oil and water. pumped to the burner nozZles, had extinguished the fires. It took time to raise steam again and the ship lost speed rapidly.
 The captain yelled for more speed and was told that the en- zine room was doing it's best.
 We have got to have more, the captain said. "We are in dan- gerous waters"
 The two big icebregs were less than 300 yards off and there were | 20 small ones nearby. Some only 50 yards away. Preparations were made to guard the airplane against disaster. Steam dropped to half Its normal pressure, then rose and the ship fought it's way back into the wind.
The Waterbury Democrat., 1933-12-28

Observations made on his recent trip to Italy were related to mem- bers of the Lions club today by Congressman Edward w. Goss. He expressed high praise of the great steps being made by Italy under the guidance of Premier Mussolini and declared Mussolini's main pur- pose to be the peace of Europe.
 The congressman related the va rious steps taken by Mussolini since his advent into power. most of them tending to q centraliza- tion of government. He described Italy's progress toward a more economical government by the abolition of much branch and dur plicate government.
 During an open discussion after his talk, Congressman Goss stated that he expected a further busi- ness revival in 1884, and said that,
The Waterbury Democrat., 1933-12-28
MAYAN SECRETS
 TO BE REVEALED

Mexico City, Dec. 2S.-(UP). - Long buried secrets of the cruel, colorful Mayan civilization of cen- turies ago will be uncovered soon as the result of contract signed today between the department of education and the Carnegie 1nsti- tute of Washington.
 The contract provides for re- sumption of exploration, abandoned in 1880, of the ancient Mecca of the Mayans = Chichen-Itza, in South Central Lucatan, where vast throngs once gathered to see young lnaidens sacrificed alive to the gods of the wells.
 For years the once great city, deserted suddenly for an unknown reaDon and left to decay, has been a mystery. It lived for many hun dreds of years, and for 250 of them
The Waterbury Democrat., 1933-12-28
yEGETABLEs.

Beans. green 2.OO-2.5O bu.; beets .GO-.7O dOx.; .cabbnge. white 1.0O-1.75 30 lbs., savoy .75-.OO bONj carrots. punched .6O-.75 dOx.. cut washed .DO- 1.25 bu.; caUIifiOwer 2.OO-2.25 crate, celery. hearts .5J-f.OO dOx.. rounds .05-.S5 dOx.; kale .G5-.75 bu., lettuce iceberg 3.75-4.25 cratey onions .35- 1.55 bu., parsnips. washed 1.25-i.5O bp.s peppers 4.OO-5.OO crate; potatoes 1.OO-1.D5 bus. 1.S5-1.OO 100 lba.s sDin- ach 1.OO-1.15 bu., squash 1.50-2.OO bbl.: turnips. native .05-.DO bu.. Cam adafn 1.OO-1.lO bu.
The Waterbury Democrat., 1933-12-28

was the center of the Mayan world.
 only underground water was available, from two great wells, and these were to the inhabitants the most important things in the city. Hence the sacrifice of maidens, chosen for their beauty, to the gods.
 Under the contract the institu- ton must employ 100 men at all times, under a competent official, to explore and restore to sem blance of their former grandeur the buildings and monuments.
The Waterbury Democrat., 1933-12-28
poY,yTRy pROnyffTS.

Eggs per d0x., Newiail Fancy .:,2i Special .3O-.32, Extra .2S-.3O; Cath cred .25-.2S,. Newlnid Medium .27i medium .25-.2z, bullets .2O-.22; west ern .fS-.@S; .live. fowl .1f-.fz ID. chickens .f1-.1S Ib.. ducks .f4-.i5 h.. ducks .14-sI5 h.. geese .I5-.f7 h., turkeys .20-.22 Ib.; dressed. fowl .10- .2l Ib.. chickens .22-.25 Ib.. dueks .Is-.2O lb., geese .2O-.2x h.. turkeys. Conn. Fancy under 1G lbs. .2S Ib.. Id and over .25 lb.. Conn. No. 1 .2O-.2J h., western .22-.2J lb.
The Waterbury Democrat., 1933-12-28
By JAMES c. AUSTIN

UnIttU FFto5 otuW OutHCsEIO1'U "
 New York, Dec 28-CUP)-The federal government moved to-day in a suit without legal precedent, to force the 20 member banks of tho New York Clearing House associa- tion to repay in full the claims of thousands of depositors of the de- funot Hartman National Bank 6 Trust company. /
 Government representatives filed an equity suit, in supreme court yesterday demanding that the de- ndants-members of the associa-
The Waterbury Democrat., 1933-12-28
N. Y. Bank and Trust Stocks
 The R. r. Grisgs Co.
Boody. Mcclellan 6 Co.

Bid Asked Bank of Manhattan. 21 24 Bank of N. Y. & Trust 265 285 Bankers Trust ...... 40 52 Cent Hanover Bank &
 Trust ........... 105 111 Chase National Bank i 16 tsf19 Chemical Bank & Trust 271s 30h Corn Exchange Bank 38 AZ Empire Trust ...... IS Is First National Bank HOO 1900 Guaranty Trust .... 231 240 Irving Trust ........ 11N 13A Manufactures Trust. 12. 15 National Cily Bank .. IS 21 New York Trust .... 70 75 Title Guar & Trust !. s s
The Waterbury Democrat., 1933-12-28
ERIfITs.

Apples. Fancy Mcintosh 1.5O-1.75 bu., Delicious 1.25-1 flo bus, Baldwin amd Spies 1.1O-1.25 bn.; No. l Me- bu., Utility .75-.OO bu.. No. 2 .0O-.75 bu., western boxed 2.4O-3.OO bu.; cranberries 2.1O-2.5O box.
The Waterbury Democrat., 1933-12-28
E. w. Goss Describes
 Overseas Sojourn
Congressman Tells Lions Club to Expect Further
 Business Revival Next Year

in the main, he supports the new deal. He expressed a liking for q sales tax as 0 means of balancing the national budget.
The Waterbury Democrat., 1933-12-28
aterbury Produce Market Furnished by Connecticut Department of Agriculture B. P. Storrs. local agent)

(Unless otherwise stated quota tlOns are based on sales of good merchantable products tO retailers by whOlesaIera or Others).
The Waterbury Democrat., 1933-12-28
investment Trust Quotations c. T. CULHANE CO. ING.
 6S Center Street

Etd ASked American & General
 American X General
 Secs Corp $3 pfd q. 35 45 Associated National
 Shares ............ 512 Associated Standard Oil
 Stocks ............ 41s 5as British Type Investors Class A ......... 40 .65 Century Shares ...... 141s 15% Div .Shrs .......... 1.15 IT Diversified Trustee Shares B ........ 73s Diversified Trustee SnafeS ' .......... a.9V S.zV Diversified Trustee Shares D .... 4s b1S Equity, Corp Del. pfd. 20 25 ss First Custodian Shs 3.15 3.35 Fixed Trust Shares A S.44 Fixed Trust Shares E 7.03 Incorporated Investors TYPO 1868 Independence Trust Shares ............. 1.S2 2.19 Int Sec Corp of Amer
 ica 6% pfd ........ 9 13 " Int Sec Corp of Amer @ ica 61a % pfd ...... 9 IS Mass. Investors Trust 17.O9 1858 Nationwide Sec B .... 2.ss s.O9 North American Trust Shares ........... 2.25 Second International
 Sec A com ........ + 1 E Second International Sec-6% pfd ........ 20 "A Spencer Trasls Fund :. 15H 16$s Trusteed N. Y. Bank NSndTeS l.UV l.. 10 Twentieth Cen Tr .... 1.65 Twentieth Cent Shs B 2.45 2.S5 Two Year Trust Shs .. 15A 17A U. s. Flee Light & Pow Shares A .......... 91A 10 U. s. Flee Light X Pow
 Shares F .... ... 1.65 1.75 U. s. &s British Int Co $3 pfd ............ 31a