davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-09-17
SONS AND DAUGHTERS OF
LIBERTY.

Justice Council met, with Councillor
Carrie Powell in the chair. Plans were
discussed for square dance to be held
IN the near future. The meeting is
September Il in Northeast Masonic
Temple.
Hope Council met with the councillor.
Mrs. Louise Young, presiding. Mrs
Marie Carney reported on her activities
on Good of the Order Committee. The
Good of the Order Committee will meet
at the home of Mrs Smith. 1901 U
street southeast, September %. The
obligation was conferred on Mrs. Paul
inc r. Aurhamer. a supper will be
Evening star., 1933-09-17
REBEKAH LODGES.

Amy Glossbrenner. president. and
Grand lnstructress Annie Grigsly are
attending the Sovereign Grand Lodge
session at Springfield. III.
me Rebekah anniversary will be
heId october 13 at Odd Fellows Temple.
BrlghtWood Rebekah Lodge ceIe-
prated the renewal of regular meetings
WIN a homecoming September u.
FleSlaent Glossbrenner of the assembly
anu a ner o1llcers, accompanied by Grand
Master Dreeben and his officers will
visit Brightwood Lodge October 10
Evening star., 1933-09-17

The Washington Philatelic Society
Will meet at the Hotel Carlton. Six
teenth street, Wednesday evening at
o'clock.
Evening star., 1933-09-17

The Washington Stamp Club of the
Air will have broadcast meeting from
Station VOL Tuesday evening at 6:45
O'Clock. Mr.. Kunze will discuss United
States stamps commenorating events
in the Colonial period of the Nation S
history.
Evening star., 1933-09-17

"An interesting story" says the Stamp
Collectors Fortrightly "has been re-
lated to Daily Mail reporter by Miss
D. Thomas of Llandudno. who claims
that she was instrumental in bringing
to light the I'd blue Mauritius which
was sold at Messrs. Puttick & Simpsons S
in 1904 for sl,450, and is now in the
royal collection.
Thirty years ago. Miss Thomas said
to a Daily Mail reporter yesterday, I
was staying with friend in Kensington
whose husband collected stamps One
Evening star., 1933-09-17

or all the stamps issued by the
United States. which one is the most
attractive? Osborne B. Bond. writing
III the Baltimore Sun. awards the hon
or to the recent William Penn com
memorative.
Evening star., 1933-09-17

Religious services at the Masonic and
Eastern Star Home will be in charge of
La Fayette Lodge Chapter September
"a. Rev. Glenn B. Fawcett pastor of
East Washington Baptist Church, will
be the speaker. The next meeting of
the chapter will be September 81, when
degrees will be conferred.
Evening star., 1933-09-17

For the international university
games at Turin. Italy has issued four
stamps OF allegorical design The val
ueS are: l0c. brown; zoe, carmine, soc,
purple, and 1.25L, blue.
Evening star., 1933-09-17

This years Belgian Christmas stamps
VIII depict a woman holding aloft the
Cross Of Lorraine.
Evening star., 1933-09-17
(Copyright. 1898.

Mr.. Sims viii answer all inquiries On
contract that are addressed TO this news
paper with self-addressed, stamped envelope.
Evening star., 1933-09-17

Il WlIn RTdllQ NlSlIdLlOu. f1dIlye M
Leith |matron, requests all members to
attend. Home Board meeting Septen-
ber 19 at 1901 U street southeast. Card
party at SIT Eleventh street southeast
September 80
The 1928 Association will hold its
postponed picnic at Kinmel Cottage to-
day at Shadyside. Bring your friends
and basket lunch.
Mrs. Doris D. Sutton, matron of
Joseph H Milans Lodge Chapter. an
nounces a meeting Thursday evening
in Northeast. Masonic Temple. There
will be cabaret and refreshments.
September 18 a card party will be held
at the home of Mrs. Foreman. ia
Ninth street northeast October the
star points of the various chapters will
be special guests October the Thrift
Club will hold a card party at 60 M
street northeast. October II dinner
and bazaar in Northeast Masonic
Temple from 5 to 7 o'clock.
= Matron Erma L. Orcutt of Loyalty
Chapter announces the next meeting,
ness. The Auxiliary Home Board Will
entertain the Campbell-Loffler Sewing
Club next Wednesday afternoon.
William F. Hunt Chapter met Thurs
day evening. The Auxiliary Home Board
will meet Monday evening at the home
of Mrs Marguerite Behrend, 3418 Thir-
ty-fourth street
Mrs Blanch Bailey past matron, has
accepted the Craftsmanship of bene-
fit card party to be given by the Ways
and Means Committee. to be held Sep
tember q at 60 M street northeast
J
ming. A brief memorial service for
Past Patron r. Stone Jackson was
followed by social and refreshments
The Officers Association met at the
home of Associate Conductress Ethel
Nague September 5. After a short
Evening star., 1933-09-17

The tenth anniversary of the Turkish
Republic will be celebrated October 10
with a special stamp. the use of which
will be compulsory upon all letters and
post cards posted on that day for both
inland and foreign destinations.
Evening star., 1933-09-17

The Hitler government of Germany
laNorS phllate!y as an educational
force. II has ordered the distribution
OF -ooOoG albums to the schools of the
country.
Evening star., 1933-09-17
EASTERN STAR.

Federal Chapter will have charge of
the religious services at the Masonic
and Eastern Star Home today. The
rector of St Marks Episcopal Church,
Rev. William R. Moody, will conduct the
services.
Evening star., 1933-01-22
Trust Power Cain
In National Banks
Is Shown for Year
Controllers Report Re.
veals Increase Of l,3Ol
In Accounts for 1882.
BY CHARLES p. SHAEFFER,
Associated Press Business Writer,

The development of trust functions
in the field OF national banks continues
to make progress.
In the latest report of the controller
of the currency, covering the fiscal
year ended June 80, 1882, a total of
2,238 national banks were shown to
have trust powers. Their combined
capital was $1,276,969,4l and their
resources we're S18.568, ,J74, ,484, repre-
senting 81.4 and 83 per cent, respec-
lively, of the entire national bank struc-
ture. Thirty-six and four-tenths per
cent of all national banks then had
trust powers.
A total of 1,774 trust departments
were actually being operated in ma
tional banks during the year, a decline
of "a during the year. These depart
ments. however. were administering
1O4, ,288 trusts, or 1901 more than in
the previous year.
The aggregate assets Of trusts de-
clined during the year in sympathy with
the general decline. The trust assets
in 1882 in national banks were S4.642,-
065,371, compared with $5,241 ,99l 1892
in the fiscal year of 1881.
Court trusts comprised the highest
percentage of the various types of trust
business in national banks during the
year. representing 46.8 per cent OF the
whole Living trusts represented 43.5
per cent, and the remaining 81 per
cent was trusteeships under corporate
bond or note issue indentures.
On the other hand, the dollar value
of living trusts comprised 1913 per cent
of the total assets under administration
and 272 per cent were court trust.
Diversification of investments is seen
in the fact that 37.6 per cent of the
total of more than $4,000, ,000, 900 was
in bonds, 800 per cent in stocks, 16.1
per cent in real estate mortgages and
15.4 in miscellaneous assets.
Evening star., 1933-01-22
DROP IN INTEREST
RATESS SPREADING
Cuts in Bank Deposit and
Mortgage Payments Be.
coming General.
Special Dispatch to The Star.

special DlSpatch 10 Ine star.
NEW YORK, January 21-The move
ment toward lower interest rates on
bank deposits and on farm and urban
real estate mortgages is sweeping over
the country. 1t was slow in gathering
headway, but its momentum today is
irrestible.
1t is recognition Of the fact that
with so much money unemployed old
rates Of interest are not justified and
that when so many mortgagorS are Grip
pied as to their ability to pay interest
it becomes the obligation of creditors to
readjust their rates Of interest, not only
to this situation but to the general
downward trend in all terms at which
capital is being put to use.
Next week the New York Clearing
House Association will make effective
among its member banks new schedule
OF rates On deposits. These have been
declining steadily for over year and
are now reaching nominal figures. Un-
der the proposed arrangement demand
deposits Of banks. trust companies, and
private bankers will be "a of per cent
compared with the prevailing rate Of
p of l per cent. On time deposits the
rate will be reduced from l per cent to
Il of per cent.
Mutual savings banks have been re-
ceiving preference over commercial
banks In demand rate since last May
of per cent. After next Wednesday
this will be cut to p of l per cent. 1t
means that the savings banks. whose
deposits have been steadily growing and
are piling up with their correspondent
banks, will be earning much less than
heretofore, as they are still paying their
own depositors 31a per cent, which they
expect to reduce to per cent on
April /.
(Copyrieht 1o33)
Evening star., 1933-01-22
MOUNT AIRY BANKS.
MOIJNT AIRY Md Joo,,o

MOUNT AIRY, Md, January 2l
(SpeciaD The annual meeting of the
stockholders of the Bank of Damascus
was held at the banking house this
week and the following directors we're
named: William DeLashmutt, Webb
Watkins, Charles Souder, James r.
King. S. w. Beall, D. F. Brown, Archie
w. Souder. Donald DeLashmutt. Stan
ley Mullinix, Raymond Brown, Ray
Souder, DR.. Vernon Dyson, DR.. George
M. Boyer, Alvie A. Moxley, Bradley NJ
Woodfield and Sherwood Duvall
Officers and employees were renamed
as follows: President, William M. De-
Lashmutt: vice president, DR.. George
M. Boyer; cashier, Archie w. Souder;
assistant cashier, John Hager. Effective
March l, the interest rate on deposits
will be reduced from per cent to 3la
per cent.
Stockholders of the Mount Airy Build
ing Association. Inc. held their annual
meeting Monday night and, with the ex-
ception of one change, the directorate
and officers will continue the same as
before Harry w. Bellison was elected
a director to succeed the late Charles
D. Routzahn.
The entire board Of directors was re-
elected, as follows: Alonza B. Sellman,
w. Norman Hood, Ralph Sellman,
Frank Conaway, Ira d. watkins, John
G. Murray, Harry r. zepp, A. Frank
Miller, Henry c. Hood. Chester r. Hood,
DR.. j. Stanley Grabill. c. Ray Barnes,
John H Hardy and Harry w. Bellison
Officers renamed were: President,
Alonza B. Sellman; vice presidents w.
Norman Hood and Ralph Sellman; sec
retary, Bradley c. Leatherwood; assist
ant secretary, Frank A. Conaway; treas
urer Ira D. Watkins.
Evening star., 1933-01-22
CHRISTMAS SAVINGS
ROSTER|S CLOSED
Total of $7,307,450 Pledged
by 88,151 in Annual
Campaign. (.
Twenty eight Washington banks have

Twenty eight Washington banks have
reported an aggregate subscription of
s7,307,150 to the Christmas Savings
Clubs for 1888, together with a total
enrolment of S8,15l members.
The local 1888 Christmas Savings
Clubs were opened On December l and
continued to take memberships until
shortly after January s. the last of
the reports from individual banks be-
ing received yesterday by Eliot H.
Thomson. chairman of the Advertis-
ing Committee of the District Bankers
Association.
Early in the week preliminary re-
port had been made at the mid-Winter
meeting of the bankers association
which indicated a falling off in the
total amount subscribed for this year
compared with the alltime mark scored
by the clubs in 1882. While this
years clubs opened with surprising in
terest and activity, it later became evil
dent that the 1882 figures could not be
passed or even equaled.
Chairman Thomson reports that
Washington has again maintained its
lead over other cities in the number of
members enrolled, in proportion to
scribed per member. Nearly one cut
of every five residents of the District
is enrolled as a member in the Christ
mas clubs. The S7,307,450 subscribed
makes a total somewhat below the
amount distributed last month to the
members of the 1882 clubs and re-
fleets prevailing economic conditions.
In the opinion of local bankers this
Shrinkage Is due in large part to the
scaling down of Government salaries.
but they consider, however, that this
factor is partially offset by the trend
toward the thrifty utilization of the
Christmas club method for the ac-
cumulation of funds to meet fixed OBJ
legations, such as interest, insurance
premiums and taxes.
This fund of over s7,0OO,O0o will be
very important factor in holiday trade
next Fall, as bankers have learned that
about go per cent of the club funds
find their way in the channels of trade.
Local merchants have profited greatly
since 1924, when these clubs got their
first real start with 1895 members
subscribing a total of $3,00O,0 900.
Evening star., 1933-01-22
JUNIOR BANKERS PLAN
COURSES At INSTITUTE

The second semester at Washington
Chapter, American Institute of Banking,
will begin tomorrow Subjects to be Of
fered in the second half of the year in
clude:
Commercial law, money in banking,
and analyzing financial statements.
Investments, special graduate sub
ject, will be offered under the instruc-
tion Of j. c. Dulin, assistant treasurer,
American Security & Trust Co. The
textbook in this course has been changed
by the national Office so as to present
the subject in broader and more COM
prehensive way.
A special course in business English
will also be available, under the super
vision Of DR.. Elmer Louis Kayser Of
George Washington University.
Enrollments will be received in the
chapter rooms each evening from z to
8 pm, through Friday, February 3.
Evening star., 1933-01-22
DAIRY MEN WELCOME
MILK PRICE INQUIRY
Maryland State Association Ready
to Submit Facts, According
to Secretary Heaps.
Special Dispatch to The Star.

Special Dispatch to The Star.
BALTIMORE, January 21.-The pro-
posed legislative investigation into the
retail price of milk is welcomed by
members of the Maryland State Dairy
mems Association, l. w. Heaps. sec
retary of the association, declared to-
day.
Let the Legislature stop talking SO
much about an investigation and really
start one" challenged M Heaps. "All
they have to do is to find some way
of raising the price paid the farmer
and lowering the cost to the consumer
without putting all the dealers out of
business
THE farmer is losing money. He
can't make any profit out of milk at
% cents gallon. He can't make any
profit out of anything, for that mat
ter, at today's prices"
The resolution introduced in the Leg
islature this week called for an inves-
tigation to ascertain why the retail
price of milk is so high" The cost
of standard milk in Baltimore Is II
cents a quart.
Dealers here declared that any drop
in the retail price Of milk to the do
mestic consumer must come as re-
suit of a reduction in the price paid
to the farmer. The dealers said they
could not absorb the difference repre-
sented by an increase in price paid
to the farmer, or o decreased price
to the consumer.
Evening star., 1933-01-22
SHARP GAINS SCORED
IN BUILDING AWARDS
Contracts in First Half of January
Well Above Like 1882
Period.

Contracts awarded for new construc-
ticn in the 81 States east of the Rocky
Mountains during the period from jan
uary l through January Is, 1888, to-
tailed $43,261 300. according to F. w.
Dodge Corporation. During the cor
responding period Of 1882 total OF
$37.3l2,000 was reported.
The December construction contract
total aggregated S81 ,219,300; this con-
trasts with a volume of s105 1902, 300 for
November, and a total of S136,851 800
fer December. 1881 Losses from both
November, 1882, and December, 1881,
were shown for each of the four ma
jor construction classes except public
utilities which showed an advance be-
tween November and December, 1882,
due chiefly to larger undertakings by
railroads.
In December gains were scored over
November 1882, and December. 1881,
for factories, chiefly because of mod
ernization work and educational build
ings, while an increase between Novem-
ber and December was also shown for
hospitals and institutions, but these
gains were too small to counteract i'm
portant losses In the remaining prin-
cipal Glasses Of non-residential building.
Evening star., 1933-01-22
EXCHANGE SEEKS DATA
ON BOND TRANSACTIONS
BY the Associated Press.

BY the Associated Press.
NEW YORK, January 21.-The New
York Stcck Exchange today requested
its members to furnish a list of all
transactions in Pressed Steel Car con-
vertible per cent bonds from Sep
tember 81 to January 16. The info-ma-
ton to be pre- ented not later than
next Wednesday is to include the names
of members CT firms and customers
with whom the transactions were made.
While the exchange offered no eX-
planaticn for the qusstionnaire, it was
assumed it was prompted by charges
recently made by F. NJ Hoff:tot. presi-
dent of the Pressed Steel Car Co.. that
the establishing of fictitious market
quotations for the bonds "by unknown
parties had deferred some holders from
accepting the company's plan for their
refunding.
Evening star., 1933-01-22
Business Gain Reported.

MACON, Ga, January 81 R-
Business of the Southland Knitting
Mill is on the upgrade and executives
plan day and night operations for the
next six months to fill orders on hand.
In addition, new department for
making sweaters is being equipped, j.
w. Hanson, general manager, disclosed.
With that department In operation, the
plant will employ about 200 workers.
Evening star., 1933-01-22
LAMBORN JOINS STAFF
OF INVESTMENT FIRM

Charles c. Lamborn has become afil-
lated with Robert c. Jones & Co., in
vestment bankers, with Offices in the
Shoreham Building, according to an
nouncement made yesterday by Robert
c. Jones.
Mr. Lamborn was formerly treasurer
of the National Savings & Trust Co.,
and was connected with that institu-
ton for many years.
Mr.. Jones has made several other ad-
ditions to his staff during the past
few months.
Evening star., 1933-01-22
INSURANCE COMPANY
ASSETS HOLD STEADY
Two Largest Firms Show Increase
Four Declines, According to
Annual Statement.
BY the Associated Press.

NEW YORK, January 21.-Insurance
companies Of the American fire group,
In their balance sheets as of January 1,
show that the two largest increased
their assets during the past year, while,
OF the remaining five companies, four
had slight declines and the fifth, the
smallest, gained slightly.
Total assets of the Continental In
surance Co. rose to $84,856,092 from
$82, ,765,177 the previous year, and those
of the Fidelity Phoenix Fire Insurance
Co were up to $67,242,175, against $685.
$685. year earlier. The Maryland
Insurance Co., smallest member of the
group, increased its assets from $780,
1856 to $2,768,105.
The Fidelity &, Casualty Co. reported
a decline in assets from $39, ,239.224 to
$34.652 ,486; Niagara Fire Insurance Co.
from $22,410,842 to 21,316,509 Amer
ican Eagle Fire Insurance Co. from
$4,000, 1872 to 12,452, ,389, and the First
American Fire Insurance Co. from S4,-
O16,647 to $3,930,890.
Evening star., 1933-01-22
National Motor Boat Show.

NEW YORK, January 81 (SpeciaD. -
The twenty-eighth National Motor
Boat Show, featuring the exhibits of
some $50 concerns engaged in boat
building, engine manufacturing and
accessory and hardware making, has
made an auspicious start for its seven
day run ending a week from today.
Thrcngs inspected the three floors
in Grand Central Palace, where the
exhibits range from Indian canoes, Es-
kimo kayak, Fiji Island catamarans,
collapsible boats and electric launches
to dinghies, yacht tenders, racing hy-
droplanes, sea skiffs, baby submarines,
.og sailing canoes and cruising yachts
Evening star., 1933-01-22
INVESTMENT BOND
PRICES IN DECLINE
DUR|NGPAST WEEK
Corrective Reaction Came
Suddenly and Was Not Ex-
pected by Traders.
Special Dispatch to The Star.

NEW YORK, January 21.-The in
vestment market in the past week has
had q reaction that, while corrective
of the technical position, was unex-
pected A sudden increase in bank fail
ures in the Middle West and acute
weakness in certain speculative railroad
bonds under liquidation of a forced
character undoubtedly had great deal
to do with it. That it will carry far in
market that is as thoroughly debated
as the present one Is to be doubted.
There has been lot of talk of inf1a-
ton but it has not disturbed the securi-
ties markets to any important degree,
as it certainly would if it were taken at
all seriously.
Talk of Refunding.
United States Government long term
bonds are still the subject of a great
deal of market discussion, most of which
inclines to lower level for these securi-
ties 1t has become evident that there
will be no real balancing of the budget
at this session of Congress, so that the
country faces, in addition to the usual
Spring financing, the expansion of the
floating debt by s700,00O,0O0 or $780,
000,000-a total which the banks of the
country will not like to absorb at pres
ent rates of return. There is also talk
Of an early refunding operation for the
Liberty loans.
The stage seems to be we'll set for q
considerable movement out of Govern
ment bonds, judging by recent bank
statements. Most of the statements of
banks outside of New York City showed
a degree of liquidity which cannot by
any stretch Of the imag nation, be asso-
ciated with profits
Any general movement out of Gov
ernment issues would be accompanied
by a general upturn in corporation
bonds. a speeding up of the velocity
of currency turnover, the easing of COM
mercial credit--in fine, quickening
of the pulse of industry. This seems
to be more than a mere academic
expectation, for other factors usually
associated with that period prefacing
recovery are also present.
In the first place security prices are
low. the markets have had long
period of irregularity and general busi-
ness is dull. This traditionally marks
the passage across the bottom of a
depression valley.
Credit Conditions.
Credit conditions are easy, rates for
call and time money are at low levels
and there are vast amounts of unem-
ployed funds-another traditional phase
Of the pre-recovery period. Many cor
porations have gone, or are about to GO,
into receivership, process that
permits the revaluation Of capital
structures at lower earning ratio.
The foreign bond list has had a
substantial recovery since January /,
but. in the last few days has had a
eeactionary tone. German investors
and corporations ceased buying their
own dollar bonds because the domestic
speculative movement arising from the
sustained advance had carried it too
far-a familiar phenomenon to pool
managers. They will undoubtedly re-
enter the market when German bonds
have had a slzeab'e reaction. Foreign
exchanges, with the exception of the
franc, have had a steadier tone than
they had tor months previously. Foreign
trade has shown a slight tendency to
pick up.
Evening star., 1933-01-22
Cotton Forwardings.

NEW YORK, January 81 (CP).-The
weekly statement of the New York
Gotten Exchange shows cotton forward
ings last week of 283 900 bales, ccm-
pared with 337, ,0c0 in the same period
last year. Movement of American cot
ton into sight was $4,000 against 319,-
600 last yesr. Exports of American
were 224,000. compared with 100000
last year. The world visible supply
is now 1881 900 against 9,572,000 a
year ago.
Evening star., 1933-01-22
POTATO MARKET.

CHICAGO, January 81 t[P) UNITED
States Department of Agriculture
Potatoes 81, on track 259, total United
States shipment 506; steady; trading
very slow; supplies liberal: truck re-
ceipts liberal; Wisconsin, round whites
7oa75; Michigan Russet Rurals, 70;
Idaho RussetS, 1.27h.
Evening star., 1933-01-22
Virginia Iron, Coal & Coke Co.

NEW YORK, January 81 (CPO.-The
preliminary 1882 report Of Virginia
Iron, Coal and Coke CO. shows net
loss of $33,352, subject to inventory
and other annual adjustments. This
contrasts with net profit of $l10,353 in
1881. The fourth quarter of last year
Of $25,036 in the same 1881 period.
Evening star., 1933-01-22
Gold Stocks Increase.

NEW YORK, January 81 tP)-Gold
stocks of the United States increased
S4,258, 800. Imports from France to-
tailed $685., 300, while at San Francisco
s1,32l 600 was received from China.
There were no other changes in the
daily statement of the New York Fed
eral Reserve Bank. q
Evening star., 1933-01-22
CHICAGO DAIRY MARKET.

CHICAGO, January 81 (P).-Butter,
$500; unsettled; prices unchanged.
Eggs, 1924; weak; extra firsts, 1872;
fresh graded firsts, 14&; current re-
ceipts. 1914.
Evening star., 1933-04-30

"You gotta have
your brakes refined"
Service station me-
ehanie bringing sad
news to . motorist
from under the car.