davidaulloa/AmericanStories huggingface dataset:
Evening star., 1933-12-14
RELIEF EXPENSES
BOOST U. S. DEFICIT
Increase of 1891 ,Ooo,00 Reported
by Treasury During Month
Ended December 8.
BY the Associated Press.

By the Associated Press.
Accelerated spending for emergency
relief contributed to an increase Of
1881 .o0o, 900 in the Treasury deficit
during the month ended December g.
The daily statement as Of that date
revealed the deficit amounted to
$868,247,140. compared with s537,237,-
796 on the comparable date of the pre-
vious month.
An analysis of receipts and expendi-
lures indicated the increase in the
deficit was chargeable to extraordinary
expenditures which increased by exactly
the same amount during the month.
These disbursements showed increases
of $45, 900 900 during the month for the
Public Works Administration, $685.
0o0, 900 for the Reconstruction Finance
Corporation, s18,ooo,O0o for the Agri-
culture Adjustment Administration.
s29 100000 for the administration Of
emergency conservation work. and
$1,000 900 for subscriptions to paid-in
surplus. etc, of the Federal land banks.
In the meantime, ordinary receipts
and expenditures maintained an even
tenor. the income being sufficient to
balance the eutgo The ordinary bud
get fer the fiscal year to date shows a
deficit of only 40,O00.0oo. the same
figure that prevailed a month ago, with
total receipts of $l,228,0oo.0 900. COM
pared With ordinary expenditures Of
81 1853 900, 900.
The total deficit on December was
1893 ,000. 900 less than on the CORE
spending date of the previous fiscal
year.
Evening star., 1933-12-14

Fourth Liberty Loan bonds had been
exchanged for the conversion issue Of
new Treasury 1912 bonds, bearing AZ
per cent interest the first year and 3A
per cent thereafter.
The amount actually converted under
the offer was less than half the total
called, thus leaving to the Treasury the
necessity of redeeming the remainder
in cash next April.
Within the next five years more than
60 per cent of the national debt will
mature, AMOUNTING to sI4, 900, 900 900. or
an average annual retirement Of s2,-
40U, COO, 900.
Evening star., 1933-12-14
ALLEGED CONFESSION
IN THEFT REPUDIATED
Accused In Mae West Hold-Up
Says Statements Were Forced
From Him.

BY the Associated Press.
LOS ANGELES, December l4.-Re-
pudiating the confession authorities said
he made concerning the robbery of Mae
West. screen actress, Edward H. Fried
man pleaded not guilty to the robbery
charge yesterday and his trial was set
for January IS.
Friedman's lawyer requested that Su-
perior Judge Charles Fricke set aside
the defendants confession on the
ground 1t was obtained by torture
Photographs of asserted injuries caused
by officers, who questioned him were
attached to two afhdAvits saying Fried
man appeared tc be dazed after hl
arrest,
Evening star., 1933-12-14
LABOR BOARD ASKS
GREATER POWERS
Wagner Will Request Con.
gress to Grant His Body
Legislative Status.
~ the Associated Press.

~ the Associated Press.
NEW YORK, December 14.-The
New York Times says Senator Robert
r. wagner. Democrat, of New York.
chairman of the National Labor Board
will offer legislation in the next Con-
sress giving the board distinct legisla-
tive status As result Of defiance Of
the boards authority by large corpo-
rations.
The Times says Senator Wagner will
probably draw up this legislation after
conferring with advisers who have fol-
lowed the work Of the board since
President Roosevelt created it in Au-
gust.
Such legislation, the Times said, viii
Evening star., 1933-12-14
Mlat eleulY ICO1elutl
Pertinent.h focts
concerning Toilet Tissue

Absorbent. Yet 1t Is marvelously
strong when wet, and not easily
punctured. And it is longer
f1bered which gives A. p. w. Soft
White 250eo to 5000 more pune
ture-proof quality than the aver
age toilet paper. This important
resistance and more puncture-
proof feature of A. p. w. Soft
White affords you the proper pro-
lection against those irritations Of
the delicate membranes which
are likely to cause serious infcc-
tiorls.
A. p. w. Soft White Is sold only
in a silver hexaeonal carton-your
guarantee that every roll ID l1ygiefi-
ically safe and clean when pur-
chased. And you can buy A. p. w.
Soft White where you buy your
toilet tissue. rolls for SOC. A.
P. W. Paper Co., Albany, N. Y.
A.PwSefM Unite
A TOILET TISSUE FOR WOMEN
Evening star., 1933-12-14
FEDERAL FINANCING
SLATED IN MARCH
Next Major Treasury Operation
Will Come When $460,099, ,0c0
Certificates Fall Due.
BY the ASS 3ciated Press.

BY the Ass 3ciated Press.
Barring an unforeseen demand for
emergency funds. the next major
financing operation of the Government
will take place March Is, when $780,
099, 900 of certificates fall due. bearing
three quarters Of per cent interest.
This operation will be followed by
another routine refunding one month
later, when the Treasury will have q
maturing obligation Of about s1,00o,-
o00,00 resulting from the conversion
loan announced some months ago.
December 2 about 5000, 100000 of the
Evening star., 1933-12-14

Of the board was held in Washington
to consider possible action.
After the situation was canvassed It
was decided, the Times says, not to
send agents to Weirton as the boards
good ofiices had already been spurned.
The company will hold elections for
company union representatives.
Evening star., 1933-12-14

YOUR bathroom is the hysienic
center Of your household. The
most important thing about 1t IS
not the chromium faucets nor yet
the pond lilies on the wall tiles,
but the kind Of tissue you provide.
Remember that toilet tissue y IN
reality a medical product. The
subject is important enough for
medical advice, and physicians are
giving IL attention.
In q recent survey among 1000
physicians, the great majority OF
them claimed that serious feminine
trouble can be caused. not by the
toilet paper itself, but by its lack
of the proper wet strength. The
toughness of A. P. w. Soft White
when wet Is yo1r protection
against puncture, irritations, and
possible infections.
That's why A. p. w. has per-
fected now a new toilet tissue for
women, A. p. w. Soft White It
Is Romething entirely diff ent
frc other products Of this I'd.
It soft-textured and smooth.
Evening star., 1933-12-14

probably be completed within the fort
night and ID to be desimed TO
strengthen the structure Of the board.
Delays Cause Discentent.
Rumblinss Of discomfort with un-
necessary delays In affording hearings
on disputes have reached the Senator
from labor, the newspaper said. and In
several notable cases, including those
Of the Weirton Steel Co. Of West Vir-
ginia and Ohio and the Budd Manu-
featuring 90. OF Philadelphia, labor
leaders ere said to feel that delay has
worked to the advantage OF the EN-
The steel industry and the auto
mobile industry, the Times says, are
watching the progress Of these cases
closely, Tor the future Of the company
union and the prestige Of the Labor
Board itself may be affected by the
outcome Of the defiance Of the board by
these two concerns.
Intimidation Charged.
When the board settled the strike Of
II 900 employees in the Weirton mills
in October an election Of spokesnen for
collective bargaining was scheduled to
be held this week--two months later.
Labor charged that the long delay would
mean intimidation and coercion Of the
employees in an effort to enroll them
into the company union.
Two days ago, the paper points out
the Weirton Co., displeased with the
rules drawn up for the election, terfni-
mated its relations with the National
Labor Board. Today q special meeting
Evening star., 1933-12-14
Robert Young a Father.

LOS ANGELES, December IA P).-
Robert Young, film actor. paced a hos
pital corridor yesterday as his wife, for
merly Elizabeth Henderson, presented
him Q daughter weighing eight pounds.
Evening star., 1933-12-14
| WOULD YOU I
SIGN YOUR |
HUSBANDS |
DEATH Warrant?

Judith Marshall had been elected
Governor of her state. And the
Governors first official act was the
signing of her own husbands death
warrant Although the name was
strange to her, and the afixing of
her signature merely q matter Of
routine duty, Judith was deeply
stirred by what she had done. That
night
| II It were your duty to sign your hus-
YOU you do5 Would you. try TO save his
/ life. knowing 1t meant the end of your
| political career or, would you do your
/ duty? In this weeks Liberty Masazirie.
/ Nina Wilcox Putnam writes one Of Der
most human. gripping. stories "Her K
ceilency the Governor:" You win laushr
/ Marshall :. the woman Governor. Get
/ your copy Of Liberty Magazine today At
/ any newsdealer. bc.--Advertisemert.
The Chapel Hill weekly., 1933-05-19

be submitted to a local board,
the branch manager must OBJ
tain the approval of the head
office.
This is, of course, absentee
control of large transactions, if
not absentee ownership Of the
bank itself. 1t results in the
making of loans on business
principles rather than on the
basis of personal relationships
or local patriotism. But is it
not a matter of common knowl-
edge that the most successful
unit bankers in the United
States are those who adhere
strictly to business principles
and do not allow themselves to
be swayed by personal consid-
erations or the ambitions of the
local chamber of commerce?
whether or not branch
banking fails to encourage local
individual enterprise depends
very largely on ones conception
of the proper function of COM
mercial bank. No doubt the
personal element plays a small
er part in the making of loans
by a branch manager than it
sometimes does in the case of a
local Independent banker. 1t
frequently happens in the Unit
ed States that a banker will use
his depositors' money to take
a chance in backing local en-
terprise which might have diff
ticulty in obtaining such backing
from a well-conducted bank with
| it's head office in another town.
Often he supplies the borrower
with permanent capital. either
by taking a mortgage on prop
erty or by constant and pre-ar-
ranged renewal of loans which
are .short-term advances in
form. Occasionally the local en-
terprise makes good, ther the
local banker is a benef. "tor Of
his community. But all too
frequently the outcome has been
otherwise; the local enterprise
fails, and 80 does the bank.
There is good reason to be-
lieve that branch banking by
The Chapel Hill weekly., 1933-05-19
University's Athletic Victories

The University's athletic
teams were victorious last week.
Coach Fetzer's men won the
state track meet at Duke Sat
urday. The score was Carolina
821a, Duke 6312, Davidson IL,
State College G. 1t was Caro-
lina's 18th consecutive state
track championship.
Duke was in the lead through
most of the contest; the team
from Chapel Hill captured the
crown by winning the last few
events.
BrOwnlee of Duke was the
highest individual scorer with
Is points. He ran the 100-yard
dash in 9.8 seconds; he clip
ped three tenths of a second off
the state record, made six years
ago, in the 220-yard dash in the
220-yard hurdles he made new
record of 23.9 seconds; and he
helped his team win the mile re-
lay.
Carolina winners were Stat
ford and Reid, tied, in the high
Jump; Mullis, in the discus
throw; Abernethy in the 100
yard high hurdles; Hubbard, in
the two-mile; Smith and Jack
son, tied, in the pole vault; and
LeGore, in the javelin throw.
MacRae and Waldrop were sec
ond and third in the one-mile ;
Fox was third in the 440; Child
ers was second in the 100; Null
lis was second in the shot put ;
Hamlet was third in the high
Jump; Hawthorne was second in
The Chapel Hill weekly., 1933-05-19

one reason for the safety of de-
posits in Canadian banks is that
Canadian bankers know their
business better than United
States bankers and that they
are really more honest in the
sense that they are not so ready
to take chances with their de-
positors' money. It appears that
even before the present restric-
tive laws were passed they were,
in general, more conservative
and scrupulous, than the bank
erS on this side of the border.
Observe that we say "in gen.
eral." The severe test of the
depression has proved that there
are many capable and honest
bankers in the United States. It
has also proved that there are
many who have been incapable
or dishonest or both. 1t is sig
nificant that the banks in the
United States which have come
through the depression safely
are those which have adhered
to the methods which are prac-
ticed, as a matter of course.
throughout Canada.
The familiar objection to
branch banking in the United
States is that it is an "un-
American" system because it
discourages local individual en-
|terprise, involves absentee own
ership, and tends to cneate a
money monopoly.
Branch banking in Canada" "
says Mr.. Greer, docs involve alb
sentee ownership, in the COM
monty accepted sense of the
serm, although the ownership
of bank stock may be as widely
distributed as the branches. In
a community served by branch
outside the limits of the head
office city there is rs local
board of directors to make de-
cisions with respect to loans
and other banking transactions,
Such decisions in ordinary
routine affairs are made by a
branch manager; and for the
sort of business which in the
United States would usually
The Chapel Hill weekly., 1933-05-19

the 120-yard high hurdles; Will
hanson was second in the half
mile; Childers was second in the
220; Gunter was fourth in the
22O; Sullivan was second in the
two-mile; Mcdonald tied with
lCarman of Duke for fourth in
the pole vault; Armfeld and
Chandler were second and third
in the javelin throw; Childers,
Highly, and Hubbard were Sec
ond, third, and fourth in the
broad jump; Abernethy and
| Hawthorne were second and
third in the 220-yard low hurd-
les.
|. In the Southern Conference
tennis meet, here in Chapel Hill,
Wilmer Hines and Lenoir
Wright beat Barney Welsh and
John Higgins of Duke for the
doubles title; and Hines, oppos-
ed by his team-mate in the fl
nails, won the singles title.
Wright won the first set 6-2;
Hines won the next two easily,
6-1, 6-1; in the fourth Wright
made a good start and led at 81
but Hines tied the score, forged
ahead, and won at Ga.
In Saturdays baseball match
Carolina beat Duke 2 to /. 1t
was a pitchers duel between
Griffith and Coombs, and Crit
! fifth was shade the better. Three
Big League scouts were present
to observe Griffith: Bill Bradley
of Cleveland, Frank Hickey of
Cincinnati, and Johnny Nee of
! the New York Yankees.
The Chapel Hill weekly., 1933-05-19

| which distinguish it from bank
ing in the United States.
/. Canadian banks all oper-
ate under the same code of laws.
2. There are only nine banks
| in Canada, and each has
large number of widely scat
tered branches. Branch opera
tion is the feature that presents
the most striking contrast with
the system in this country, but,
in Mr.. Greer's opinion, it is not
fundamentally the most impor-
tant. 1T is only an incidental
accompaniment Of vital differ
ence, namely, the larger size of
the Canadian banks. A bank in
Canada must have capital stock
of at least $5OO,O00, and the ac-
tual size of the smallest bank in
the Dominion is ten times as
large as the legal minimum"
3. Canadian banks have held
to the principles of commercial
banking. They have not ven
tured into speculation by financ-
ing real estate developments
and transportation and indus
trial ventures. They are not au-
thorized to act in a fduciary ca
pacity and therefore they do no
trust business. The Canadian
law forbids the making of real
estate loans by banks. In the
United States, for fifty years
after the advent of the national
banking system, national banks
were forbidden to make real es-
tate loans. with the passage
of time, however, national banks
began the practice of accepting
time deposits and paying inter-
est on them, in order to compete
for funds with state banks. And
eventually they began to clamor
for the right to make real es-
tate loans. They were at ser
ious disadvantage with respect
to state banks, which usually
could make as many real estate
loans as they wished. The ma
tional banks were frequently
unable, for part of each year
at least, to employ considerable
proportions of their funds in
any other way, except to leave
them on deposit with city cor
respondents or to invest them in
securities which, if Of high
grade, would yield much less
than local real estate loans. To
preserve the national system,
therefore, Congress finally in
1918 removed the safeguard or
liginally established for the
Iliuuidity of national banks"
MFR. Greer does not say so, but
after reading his article one is
left with the impression that
The Chapel Hill weekly., 1933-05-19

efficiently operated institutions
can and does supply better credit
facilities to small local communi-
ties, when the prospective bor-
rowers are sound credit risks,
than local independent banks.
For it must be remembered
that a bank is in business to
make money. It's principal
means of doing so with safety
is the making of commercial
loans. Local loans of good quail
| ity constitute the safest and
most profitable business a bank
can do.
"The efficiency, and conse-
quently the chances for promo
ton. of a branch manager are
determined very largely by the
profits of his branch, and the
only way he can obtain SUBJ
stantial profits is by making
l1ocal loans"
Far from creating a money
monopoly, MIR. Greer thinks that
branch banking in the United
States would be a decentraliz-
ing influence-that it would
build up important financial CEN
ters to serve regions now sub
ject to the financial power of
New York and Chicago.
Whether a banking mon
opoly exists in Canada must re-
main a matter of opinion
opinion based upon ones polit-
ical and economic philosophy
The pros and cons of the ques-
tion might be argued at INTERIM
Unable length. 1t is a question,
however, without practical bear
ing on the controversy over
branch banking in the United
/ States. For it is unlikely that
we shall within any measurable
time authorize nationwide
branch operation. The propos-
ais which have received serious
consideration would limit the
Continued on neat page)
The Chapel Hill weekly., 1933-05-19

wards, dated December %, 1881, and
registered in the Office Of the Register
Of Deeds of Orange County in Book
65, q. Page 20s, to secure certain in-
debtedness therein described and de-
fault having been made in the pay
ment Of the said Indebtedness and
having been requested to do 30 by the
holder Of the note evidencing the said
Indebtedness, I will offer for sale ct
public auction to the highest bidder.
for cash, at the Court House Door in
Hillsboro, N. c., at twelve o'clock
NJ, on
WEDNESDAY, MAY "a, 1888
the following described land, to-wit:
Adjoining the lands Of Sykes
Street, Craig Street and others, be-
ginning at q stake, the northeast in
tersection of Craig and Sykes Streets,
running thence along the east prop
erty line of Craig Street North II
deg. ST. West to a point where the
Tan Yard Branch crosses said Craig
Street; thence up the said Branch as
it meahders to the North property
line of Sykes Street; thence along
the north property line Of Sykes
Street South ~ deg. Is West 200
feet to the beginning, and being the
same land conveyed to Bessie Ed
wards by The Mutual Building and
Loan Association, deed dated Decem-
Der 80, 1881, registered in Orange
County.
Reserving and excepting from the
operation of this deed the land lying
within these boundaries, viz: begin
ming at an Iron Stake in the center
of Tan Yard branch where the said
branch intersects the north property
line of Sykes Street; running thence
along the north property line Of
Sykes Street South S. deg. 3o' West
rs feet to stake; thence at right
angles north "a deg. 30' West with
J. A. Headen's line 100 feet to stake;
thence North IS deg. 80 East paral-
lei with first line rs feet; to stake
in center of Tan Yard Branch; thence
with the branch as it meanders in q
southern direction to the beginning,
being part of the land conveyed to
James A. Headen by Luther Ed
wards and wife, deed dated December
II, 1921, registered in Book 80. Page
248, and being now owned by Lester
Massey.
The sale will lay open ten days to
receive increased bids.
This the Goth day Of April, 1888.
HENRY A. WHITFIELD,
Trustee
L. J. Phipps,
Attorney.
The Chapel Hill weekly., 1933-05-19

Canada's freedom from bank
failures has been the subject of
frequent comment in the last
three or four years. There has
MT been a single failure of a
Canadian bank since 1928, and
in this same period there have
been 10000 failures in this
country.
Citizens Of the United States
have wondered why it is that
depositors' money should be un-
safe here while it is safe be-
yond our northern border. The
usual explanation is that all the
banks in Canada are in one sys-
tenn, under national control,
while our banks are conducted
under the laws of forty-nine
jurisdictions.
This is one reason for Can
ada's immunity from failures,
but not the only reason. Others
are set forth in an Illuminating
article by Guy Greer in the
current number of Hdrper' 8
Magazine. A few passages from
it will be quoted here, but space
does not permit more than
summary. Everybody who wants
more detailed information is ad-
vised to get the magazine and
read the complete article.
Mr.. Greer is we'll qualified to
present the facts about Can
adian banking and to compare
it with banking in the United
States. He began his profess
sional career in his fathers
bank, spent five years with the
Reparations Commission in
Paris after the World War, was
for three years the European
representative of an American
investment house, and has just
completed two years work as
research economist for the Fed
eral Reserve Committee on
Branch, Group, and Chain Bank
ing. He has studied the Can
adian banking system at first
hand.
One of his paragraphs is as
follows: "Dissertations on the
principles of commercial bank
ing can be and usually are very
technical and complicated. This
is not necessary for an under
standing of the fundamentals.
Only practical bankers and their
clerks need be familiar with the
technical jargon." We quote
this as an assurance to readers
that they will not find the piece
in Harpers at all difficult to un-
derstand. sThere is no technical
jargon in it.
There are three main char
acteristics of Canadian banking
The Chapel Hill weekly., 1933-05-19
@6~"&7~ 10
Mea,.Ao,7.MaM
Nay 9. 1883

great thing We have maoe 0"p10'e
is toward the 1uture'
Americans looked 0ackaro' A1
machinery was seared 10 pull 10 o' ~
~, nrasston which We entered Nc
Thought simply the way We came. ~ 'a'ea
nov Is forvard---throusn IT,
Roosevelt.
Having observed tne failure
ne oes1snso "''
financial mahinery--to pull 10 ~
clearing
not stand In awe OF LILO
people does not take advice from '"e
he and loyalty TO "ok 1or ne '1p
people, Inat Is
achi evement two office
coming LOSS ana 1888
nanohoAo o"
H. A, non. man all he
Country is to create INDUSTRY
anything oeteF TO oo'
Motor cars must
everything else They are SO macn
~ the daily behind they hold
the Country back.
The Chapel Hill weekly., 1933-05-19
NOTICE OF SALE

Under and by virtue Of the power
conferred upon me in certain deed
Of trust executed to me by Bessie
Edwards and her husband, Luther Ed
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-04-07

Name the type you want for Easter! We
have tat $685. Sports types! Dress
types! All-occasion types! Name your
fur It's here = at 1885! Kidskins!
Foxes! Squirrel Raccoon Name your
style! T-Square silhouettes! Swagger
silhouettes! Wide square shoulders!
Pleated sleeves! Detachable capes! De-
tachable fur epaulettes. Swagger ascots!
Cossack necklines! High-button fronts!
Name your fabric! Twills, diagonals,
tweeds, cheviots, creepy woolens, mems
wear cloth! Name your color! We have
them ALL including plenty of black!
Junior Deb Shop
Coat and Suit Shop-Second Floor
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-05
Women's SIN art
Crepe D'0rsays
81 10

Lovely dull crepe uppers, sateen
lined, with entire vamp marabOu
trimmed! Soft chrome leather
sOles! Sizes 3-S in black with
red, blue, green or peach trim!
BLOCK'S-Downstair Store.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-12-05
ChiIdren'S
Bunny Slippers
SO

Keep their feet comfy in these
warm slippers with sheepskin
uppers and soles! Neatly and
strongly bound edges! Sizes g.
10, ACKNOWLEDGEMENTS Store.