davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

ing. The thousands of people
who have deposits in the other
banks will not be able to get
penny of their deposits.
Billions VIII Be Lost
Only so-called solvent banks are
opened throughout the country The
weaker banks will remain closed and
will be liquidated on the basis of
their good assets" That is to say
the depositors will be paid a small
part of any money they may have,
provided there is anything in such
banks that can be sold. If not they
lose everything
1t is estimated that not less than
six billion dollars in deposits will be
wiped out during the first reorgani-
cation. This does not take account
of the amount that will be lost by
all depositors, even those who get
the full money amount of their de-
posits, because Of the depreciation
Of currency.
Cannot Transfer Accounts
Secretary of the Treasury Woodin
made the announcement that until
normal conditions have been estab-
lished' customers of banks will not
be permitted to even transfer their
funds TO other banks, but must stand
or fall with the banks they have
been dealing with-the result being
/ that most Of them will fail.
The banks that have opened are
tenn in the IL federal reserve bank ci-
ties licensed by Woodin, and these
state banks which were given per-
mission to reopen by state banking
heads. At the end of 1882 only 3o5
state banks were members of the fe-
deral reserve system; there are some
$4,000 state banks and trust cenpa-
MES not members Of the federal re-
serve.
There are developing struggles of
small depesitos to demand 100 cents
on the dollar of their deposits in
old currency values.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
Editorials
Commemorating the Fittieth
Anniversary of Marks Death

FIFTY ago today Karl Marx the greatest thinker
But that half century tens Of Millions WORKERS and oppressed
hold high the flaming
uionary banner of Marxism
the cpanion-in Of Marx These
practice proletaTan struggle fighting
against the eys oa y the capsst class heg Blasted VIII
whitening fire the attempts Of the socialists 70 snggIe
in face of the enemS
the workings Of capitalist society bs
satter power the capitalist and lay the basis the build
the of the First
ternational.
Ienn his unoompronsng struggle for the working
doctrine
ton ,aIt
With 1enin Bohevt Communist Party for the
foundation
n d the os oa y was on the basis
an tFfeconcae s4ugge io Mar ] nm p me y hst t
the first Feag Plan Of socialist construction has been and
onnt Of comrad Stain that this is being achieved
destroyed revolutionary Trosky1st
theory that socialism cannot be built in one country It under the
fighting the victory Of socialism all over the world
growth revolutionary its
the OF history to this stage of the era Of the general crisis
capitalism the revolutionary that is sweeping throughout the
world
.e.
Today on this hfeth anniversary the
capitalist mpeaist
ing desperately to salvage their
past exactly the lines
predicted by Marx his monumental work Capital analzng the
parasitic capitalist system. ~.
1t Marsm Lenn that shows the working class how to hight
Of capitalist
only working the revolu
donary way out.
that effectively annhates
reaconay capitalist ds those put forth by
powerful that ash like sword through the at
tepts dortes revolutionary theory and practice to weaken
O revolutionary struggle
weapon the traitors Of the
the period of socaId capitalist prosperity
wpped the shrine organized capitalism
reuted they along with the Nueites
revolutionary doctrine acceptable the
effort dsinte
grste Increasing struggles against capitalism,
But all these efforts only Marxsm. That IS
annihiaton OF
victory of proletarat i
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
A. Colossal Fraud

TE President talking millions people natpal hook-up
the official proclamation the
and cure Of the present
examination his reveals that studied appearance
deception of the American people
Behind clouds Of optimism the central .res sas
All the buoyan headlines about the reopnag
limited to s that the moratorium in
Rooseves theory people stir
red by false rmors have fallen prey to unsonng fear Iherefore
enough currency to meet the denand
for this that on the spur Of the moment WAS @
at panic prices their real value" . .1
abundance Of good
this fundamental issue the character Of the bank
this country that Roosevelt is decevng the American
vesents the time at
@ Fe s Of the crisis that the the
liquid. .,at
which have been made by the
What the character of these investments? Mainly they are
erca loans Marx Capital
character o. saGh nyfs @ Claims o The annual product
which ownership OF actual
isp ssoo seS S sgs os ss
1t therefore clear that
deuendent uoon the capacity OF the canaat class 70 ex
value ana n hs and Se she
of surplus extract
represented BY
d ss tn capitalist class finds to
without going through the necessity Of any
the ncoDetence Of individual bankers but
S od rs s a.D M s0s Of v n m
the Exchange
crash has frozen the bank assets And the breaking out q the n3s.
another ntensng both
banking crisis doomed to failure because
fundamental contradiction The capitalist class attempts
raise and lau its frozen assets By pumping new currency into
the is
the banks Thus the value Of the depends
and the cung Of the assets depends the money
The capitalist the crisis
imitation cannot qufy the frozen assets OF
attempts the crisis
bringing down the living
capitalist
tsnsaes very the it attempts it at the
expense Of the workers.
based bank assets which
are permanently beginning Of period the his
desperation
years of the present crisis have not yet known r.
entire policy Of Rooves speech as it the entire policy OF
financial crisis
is which have caused the world wide economic
crisis capitalism
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

WASHINGTON, March 13.-With
floods of protest kilograms and let
tiers pouring in from all parts
Of the country. the Senate today be-
gan debate on the bill proposed by
Roosevelt to give him dictatorial
powers in cutting $50o,0o0,oo0 from
veterans benefits and the wages of
the 100000 government employees
Outstanding in the barrage of Wall
Street publicity that is filling the
capitalist press in an effort to sell
this robber bill to the public is the
silence of the national leaders of the
American Legion and the Veterans of
Foreign Wars These lions, who on
various occasions in the past roared
against the cuts, have suddenly been
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
Roosevelt in Message
Urges Beer, Not Bread

WASHINGTON, March 13.-Having
come to the rescue of the bankers and
taken steps to rob the veterans and
government employees, Pre- 81 de n t
Roosevelt today continued to dodge
the question of the 100000 starving
unemployed by sending special mes
sage to Congress on beer.
Roosevelt urged immediate modifi-
cation of the Volstead Act to legalize
the manufacture and sale of beer.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

transformed into lambs now that the
cuts are actually being put through.
Only the Veterans National Liai-
son Committee and the Workers Elk
Servicernen's League are rallying the
rank and file vets for a determined
struggle against this attack on their
living standards! Thousands of vet
Grams, including Is members of the
military police stationed at West
Point, have signed a resolution cir
culated by the Liaison Committee
demanding no cuts and immediate
payment Of the bonus.
Veterans throughout the country,
whether you are members Of an or
ganization or not, organize commit
tees of action
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

Roosevelt bill for slashing $500 ,ooo,s
900 from veterans benefits and the
wages OF government employees Is en-
acted into law.
OF these 100000 employees, the
largest group, numbering about $780,
900, are now earning only 1900 Z
year or less. All government en-
ployes have for months been work.
ing at wage-cuts as result Of the
compulsory one-month fuYlousns
without pay introduced by Hoover.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

Two such discoveries would be enough lifetime.
Happy the man to whom is granted to make such
discovery. But in every single field which Marx pvesti
gaed-and he investigated very many fields of them
superfcally-n every field even that Of mathematics,
he made independent discoveries.
This was the of science. But this not even
half the Science for Marx historically dy-
manic, revolutionary force However great the joy with
which he welcomed discovery in some theoretical
science whose practical application perhaps yet
quite impossible to envsage he experienced quite other
kind of joy when the discovery involved immediate revou
tonary changes industry and in the general Of
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
CUTS FOR MILLION
GOVT WORKERS

WASHINGTON, March 13.-About
100000 government employees, in
GLIDING members Of the armed
forces, will have their wages cut up
to is per cent If the Wall Street.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
Wife and Baby OF Negro Worker
Sent to Death in Harlem Hospital
WOMAN TAINTED
WITH PAIN AS .
DOCTORS LOAFED
Institution Has Fired
Good Negro Doctors;
Kept Tammany Hacks
RuLLETIN.

BULLETIN.
NEW YORK. A mass funeral
and demonstration protesting the
deaths Of Mrs. Cummings, Negro
house wife and her new ho-n cbvd
has been arranged In Harlem by
The Peoples Committee Against
Discrimination in Harlem Hospital
for Thursday.
A campaign against child misery
in Harlem Is opening led by the
Unemployed Councils, Workers In
ternational Relief and Young Pion-
GERS.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
NATIONWIDE PROTEST ON SLASH
IN VETS DISABILITY PAYMENTS
Legion Leaders Silent But Ex-Servicemen' S
League Calls Rank and File to Struggle
BULLETIN

NEW {YORK.The National Committee
immediate meetings
payments appeal
veterans protest
% President Roosevelt H.! II - ~.
by
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

t. me organ
from the to make uray m
Tonight a at Bt od metg arrange by
Bronx
Tomorrow t nhg a Prospect
ranged Ch and UnmpO
g.
which
collapse
The Savings banks will only permit dpos draw out the of $50 week.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14
MOST BANKS REMAIN CLOSED; SOLVENT"
BANKS RESTRICT PAYMENT; ESTIMATE
$6,OOO,OOO,OOO IN DEPOSITS WIPED OUT:

Savings Banks Only Allow Wthd rawa of $2 Deprecated nfa
ton Currency Which Hits the Poor <
Masses of Small DepotoS Laun Fight for Paying 100 Cents
Dollar in Old Currency Values -.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

CONTINUED ON PAGE rTvD
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-03-14

FIFTY YEARS today Marx the thinker Of all time
died in London Only half century separates US from that date
But that millions of and oppressed
of all with their hands and hold high the flaming
lutionarY Of
Evening star., 1933-09-11
STOCKS CONTINUE
STEADY ADVANCE
Gains of From ! to 10 Points
Shown With Wet List
Taking Lead.
BY GEORGE T. HUGHES.

Special Dispatch to The Star.
NEW YORK. September IA steady
and insistent demand for stocks that
carried prices forward anywhere from
and points to over 10 points, with the
larger gains in the so-called wet issues,
was recorded in today's market
simultaneously wheat advanced to
close to 3ls cents a bushel higher,
with gain Of even more in December
a bale.
Along with these movements in stocks
and In staples, low coupon United
States Government bonds turned
strong, with a number Of new high
records for the year. The dollar was
weaker in terms of sterling, but not
SO much SO against the franc, which in
London was under pressure
Imitation Expected.
The only Interpretation that could
be put on these in some respects con-
Trajectory trends was that some sort
OF infiationary action on the part Of
Washington was impending.
The high prices were made in the last
hour and the market closed near the
best. Chrysler sold at new high for
the year. National Distillers above 104
was up more than II points. N Y.
Central, the leader in the railroad list,
was up almost points.
The opening was at irregular price
changes, but after the overnight orders
had been executed the list started for
ward, slowly but decidedly. Stocks were
in scant supply and buyers were forced
to raise bids if they wished to acquire
any substantial amounts. Just why this
situation developed over the week end
was not apparent, but the professionals
soon sensed it and initiated cautious
operations for the rise.
Steel stocks were firm from the starr
and they were leaders of the morning
advance. The decrease in untitled ton.
mage of the United States Steel Ccr-
poration had evidently been discounted
in the price on Saturday before the
statement was given out. Today's news
from the steel centers was more ortls
mistic than otherwise and the marke
felt its influence.
Motors Are Strong.
Motor stocks were strong under the
leadership of General Motors and
Chrysler. The trade advices in thi.
quarter were even more favorable than
in the case of steel. Consumer demand
is keeping up far better than seasonal.
helped perhaps by the suspicion that
prices for new models when brought
cut will be higher. The wet stocks mads
demonstration Of their own in ex-
pectation of additions this week to the
list of States voting for repeal.
Rails were little slow IN getting un-
der way, but they fell in line after an
hour or SO.
The increase in car loadings last
week went beyond the most confident
expectations and that stimulated the
market today. Baltimore & Ohio vas
one of the features in this group Oil
stocks were firm and the public utilities
somewhat higher under the leadership
of Consolidated Gas
Copyright. 1890
Evening star., 1933-09-11
OPPOSES DELAYING
OF TOBACCO SALES
Tobacco Association Chief Refers
Issue on Old Belt Markets
to Committee Head.
Dispatch to The Star.

Special DlSpatcn TO Inc otar
DANVILLE, Va, September 1.-THE
advisability of deferring opening dates
of the Old Belt Tobacco Markets, sched-
uled for September rs, has been re-
ferred by A. B. Darlington. president
of the Tobacco Association of the United
States, to w. T. Clark, chairman Of the
Sales Committee of the association. In
Wilson, N. c.
Opposing the proposal for delaying
the opening of warehouses pending the
signing by farmers Of contract agree
ments to curtail their production next
year, Mr.. Darlington says that he sees
no reason for deferring the openings.
He said, in statement, that whether
the campaign to reduce acreage is COM
pleted by the time for the opening OF
the Danville market or not, see no
reason for penalizing our tobacco growers
and our business generally because of
the action taken by the Governors Of
North and South Carolina in declaring
q market holiday" He hold that the
Carolina holiday has entailed serious
loss to both growers ana warehouse
men.
The campaign for signing up grow
ers in the crop curtailment movement
is in full swing in this section. Numer-
Gus meetings are scheduled for today
throughout Pittsylvania and surround
ing tobacco-growing counties.
Evening star., 1933-09-11
III. S. COTTON STOCKS
FOR WORLD DECLINE
Estimated Decrease More Than
Offsets 98,000-Bale Gain in
Federal Crop Forecast.
BY the Associated Press.

By the Associated Press
NEW YORK. September 11.-World
stock of American cotton at the end
OF the season July 81 was $4,000
bales less than previously indicated.
the New York Cotton Exchange service
reported today, and more than offset
the increase of $4,000 bales in the Gov
ernment crop forecast issued Friday
when the latter is converted to a run
ming bale basis.
The service had estimated that cot
ton mills of the world used 14,132, 900
bales of American cotton last sea-
son. The world stock of American
cotton at the end of the season
amounted to 11,736, 900 bales
The service now estimates that the
world supply Of American cotton this
season will be 24,068 900 bales. or 141,-
600 bales less than estimated some time
ago.
Evening star., 1933-09-11
DOLLAR FAIRLY STEADY
IN DEALINGS AT LONDON

BY the Associated Press
LONDON, September 1.-THE Amer
ican dollar held fairly steady in today's
exchange market at around $4.53 to the
pound the greater part of the day and
closing at s4.53H.
There was also little movement in
French exchange, the franc gaining
slightly in earlier dealings, but closing
at 82.09 to the pound, unchanged from
Saturdays close.
PARIS. September II lP).-Three per
cent rentes 66 francs so centimes; Az
per cent rentes 1925.
Exchange on London, 8212. The dol
lar was quoted at 1903.
Evening star., 1933-09-11

- S&NNAAP
welt and other
members of the ad-
ministration first
hand views on
present banking is
sues as they were
crystalized at the
Chicago convention
last week. While
the convention went
on record as bit
terly opposed to
the new law for
inSuring bank de-
posts, the ma
tional organization
pledged loyal sup
port to the great
efforts now beng
made nv the ad-
Evening star., 1933-09-11
METAL MARKET.

NEW YORK. September IL L9.-Copper
quiet; electrolytic. spot and future. 9 asked
Tin firmer; spot and nearby, 45.12; future.
45.37. Iron quiet; No 2 fob. Eastern
Pennsylvania. 1850; Buffalo. 1850; Ala
bama. 400. Lead dull; spot New York,
$50; East St. Louis. 4.35 Zinc steady;
East st. Louis. spot and future. 4.65. Anti
mony. spot. 6.S7. Quicksilver, SO O0a65 90.
Evening star., 1933-09-11
MONEY MARKET.

NEW YORK. September IL R.-Call
money steady: y per cent all day. Time
loans steady; so days. u; 80 days. "a; 4
months. "a; months. '4a1; 8 months. 1a1 "
per cent. Prime commercial paper. IA.
Bankers acceptances unchanged; 80 days.
aaaA; 5000 days, ssah; months. ssah
5-6 months. eaA.
Evening star., 1933-09-11
SILVER QUOTATIONS.

NEW YORK, September II (P.-Bar
silver firm. 70 higher at 81.
Evening star., 1933-09-11

REAL ESTATE NOTES YIELDING So
INTEREST TYLER AND RUTHERFORD.
INC First trust notes well secured on
detached modern residences for sale al
par and accrued interest
1890 X st NV. Ma 04T6
Evening star., 1933-09-11
MINING EXCHANGE
U. S. TREASURY POSITION,
BY the Associated Press.

BY the Associated Press.
The position of the Treasury Septem-
Der was Receipts, S13.S23.043.95; ex-
penditures, S12,147,O33 81; balance, Sl.I84,-
s4I;fs5;s9. e az AZ 40 Customs duties for month
Receipts for fiscal year to date (since
July y, $42S.293, 1851; expenditures.
lures, S243,125.73O.55.
Evening star., 1933-09-11
Most Virginia Banks Open.

OF the State banks in operation in
Virginia when the banking moratorium
was proclaimed on March 4, last, all
except 20 are now doing business,
Myron E. Bristow. director of the State
banking division, announces.
When the banking holiday became
effective. there were 232 State banks.
Today there are 212, of which nine
are operating on restricted basis.
Three State banks remain in receiver
ship, but one is expected to reorganize
and merge with a national bank.
Evening star., 1933-09-11
NEWA. B. A. HEAD
WILL VISIT CAPITAL
Francis NJ. Law Is Expected
to See President on
Bank Issues.
BY EDWARD C. STONE.

Francis M. Law, newly-elected presi-
dent of the American Bankers Associa-
ton. is expected in Washington very
soon. probably tomorrow, to report to
President ROOSe-
Evening star., 1933-09-11
Sales Of Stocks on New York =

Sales Of Stocks on New York Exchanxe
1900 AA..... 100000 1890 Noon. $4,000
l:0o PM..'.... 100000 200 PM. 100000
Dividend rates the table
Unit OF trading than
4e in stock Paid last year-no regular in
stock payable stock stock Plus 81
in special preferred stock Payable
Evening star., 1933-09-11
NEW YORK BANK STOCKS

NEW YORK. September IL Qp.-over-
Evening star., 1933-02-03
PROFIT TO america
SEEN IN FAR EAST
Debuchi Says U. S. Will Bene-
fit From Manchukuo's ECO.
nomic Regeneration"
By the Associated Press.

By the Associated Press.
NEW YORK, February 8 R.-Kat-
suji Dcbuchi, Japanese Ambassador at
Washington, declared h:re yesterday
that, of all the western nations. Amer
ica will derive the greatest benefit from
the economic regeneration" of Man
chukuo.
Outlining his country's policy in her
figh. with China over the Far Eastern
state, he told the New York State
Chamber of Commerce that the United
States would enjoy an increased vol
uine Of trade aS soon cS Manchukuo
becomes economically sound
Emerged Better Friends.
1T is matter Of profound regret"
he said, that there have been differ
ences Of opinion between the United
States and Japan concerning the Man
churian incident. But such disagree
ments are not new. More than once
the relations between cur two coun-
tries have experienced some strain, but
each time we have emerged b:tter
friends
There is no reason to doubt that
we will again emerge still better friends.
The United States end Japan
have already demonstrated the p-ac-
ticability of their economic co-opera-
ton. and l am Of tn, opinicn that, Of
ell western nations. America will de-
rive the greatest benefit from the eco
ncnic regeneration Of Manchuria."
Regarded as Life Line"
The Ambassador said the national Sc
curity of his country depended upon
Manchukuo's stability, that the Japa-
nese consider this territory their life
line" and that Historically, economi-
cally and geographically Japans spe-
cial position in Manchuria cannot be
disputed"
Given reasonable time" he declared,
"this new state is bound to become a
world economic factor"
Evening star., 1933-02-03
22 TOMBS FOUND
IN MEXICAN RUINS
Carved Jade and Fine Pottery
Added to Relics of Mixtec and
Zapotec Civilizations.

BY the Associated Press
OAXACA CITY. Mexico. February 8.
TWENTY-FIVE more tombs have been
discovered and examined in the Monte
Alban ruins Of ancient Mixtec and
Zapotec civilizations during the past
three months, 1t was learned today from
government archeologists.
Much valuable data has been yielded.
The sensational discovery of gold
objects last year, described as the
richest find on the continent. was still
the peak of the work. But the re-
sumption of excavations have brought
to light valuable carved jade and fine
pottery work.
The Mexican archeologits. working
under Prof. Alfonso Case. have been
devotiag moct of their attention to
stratigraphic studies, enoe2voring to
correlate the findings with other ruins
in order to establish the relationships
Of the early Mexican races.
Since excavations started at the
ancient burial grounds ON White
Mountain" little less than two years
ago, 81 tombJ have been unearthed
Valuable paintings, revealing an ad-
vanced form of art in the ancient
tribal kingdoms, were among later dis
coveries.
Evening star., 1933-02-03
VILE GUEST OF HONOR
AT C. OF c. Meeting
Will Discuss Highlights of Politi-
cal Situation in Capital
Thursday Night.

Frederic William VILE political
analyst. will be the guest of honor at
the February meeting of the Washing
ton Chamber of Commerce next Thurs
day night in the Mayflower Hotel. He
will discuss high lights of the current
political situation in the Capital
Other distinguished guests at the
meeting will include Rear Admiral Cary
T. Grayson, chairman Of the INAUGURAL
Committee, and other members of this
group Admiral Grayson will discuss
plans for the Roosevelt inaugural
March 4.
Members of the District Committees
of both Houses of Congress, as well as
the District Commissioners also will be
guests.
Edwin c. St2ffe, winner Of the Dis
trict Atwater Kent radio addition in
1881 and 1882, will entertain with song
selections.