davidaulloa/AmericanStories huggingface dataset:
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
Story of Homeless
andVagrant onth
Told in Pamphlet
AND WE ARE MILLIONS, by
Michael Quin. Published by the
John Reed Club of Hollywood, Box
2088, Hollywood, Calf. 20 cents.
Reviewed by IRVING KREITzBERG

Reviewed by IRVING KREITZBERG
"And We Are Millions" is the story
of the homeless youth of America as
told by themselves.
Written by Michael Quin, in a
simple but highly moving and dra-
matte manner, it is the living epic
of millions of boys and young girls
forced to roam ainlessly from city to
city, hungry and ragged In a land
of plenty. It tells of chain gangs and
jails, of sinking missions and flop
houses, of vagrancy laws and road
camps, OF disease and prostitution,
Of degeneracy and death.
The pamphlet goes even further,
for it also recognizes the political role
of the homeless youth. 1t remem-
bers that the Scottsboro boys were
jobless youth, and the girls wander
ing and homeless. 1t recognizes the
significance of this case, but to them
it is not only frame-up to put white
and Negro workers against each other,
but something that strikes bluntly
home, something that might happen
to any wandering youth.
The illustrations by Luis Arenal fall
far below the standard set by the
writer. With world of possibilities
of depicting the flesh and blood
struggles of the wandering youth, ex-
cept for one drawing of a freight car
scene, the illustrations are abstract
and carelessly done.
The role of the homeless youth in
the schemes of the fascists and mil
itarists is forcibly brought forward,
and through it, like call to battle,
is heard the voice of the Proletariat,
marching forward, powerful and mil
liant, to relentlessly crush the sys-
tenn responsible for this social cess
pool into which millions Of our youth
have been thrust.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
Workers of Two Different
Systems

DURING the course of the after
" noon, Gunnar and Stanley had
another chance to see the difference.
The bos'n told the two men to move
some bags of cement which were
slowed between decks, and to haul
out the snoring which was piled be-
meath. A group of Russian long
shoremen were lying around on the
bags smoking, eating melons, read
ing. 1t was one of their rest periods,
Gunnar had hell of time trying
to make them understand that they
had to clear out because the bags
had to be moved. Finally, when the
Russians saw what the "Ameri-
kanski rabotchi" were driving, at,
they all laughed and dug in. Each
one grabbed a bag of cement and
slowed it outside, with all kinds of
merriment.
This was a new one on the two
workers from capitalist countries:
to see men freely do work which
they didn't have to! The job, which
would have taken Gunnar and Stan
ley 40 minutes to do alone, was now
done in less than 10 minutes!
Stanley passed out American Gig
arettes to-them, and they gave their
"papyruski" in return. One of the
Russians, a sunburnt jolly lad with
black curly hair, threw his arms
around Stanley and Gunnar.
"Mooy rabotchi bratil" (''We
workers are brothers.")
Stanley and Gunnar began" to
savvy. They asked the kuussians in
sign language about working condi-
tions, the price of food, women and
other things, and the Russian work
ers asked about things in capitalist
countries. That they understood
each other could be seen
from the way they fire.
quently bcrst out laughing together.
And it could also be seen when the
mate came and ordered the two sail
ors back to work. The freed RUS
sian wokers limited with the tips
of their boots what their American
"tovarischi' (comrades) have to do
with bosses.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30

workers who know what they are
working for. At my age I cannot
philosophize much, but the idea of
rehabilitating hayward people by
means of constructive labor is a
wonderfully healthy and beautiful
one. AS for the practical application
of the idea, let the two thousand
shock-workers who were released in
our district long before the expira-
ton of their terms testify"
Soviet Enemies Reclaimed
AS might have been expected, all
such heroic toilers were set free long
before the expiration of their terms.
But until then, for a period of some
five hundred days these engineers
were moving in the thick of a so
cially dangerous mass" which knew
that they were counter revolution
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
Noted Critic Lauds
Daily" Contributes
To Sustaining Fund

Il should like to congratulate
you and the other members of
the stiff for the great improve
ment that has been made in the
Daily Worker" writes Granville
Hicks, Assistant Professor of Lit
erature at Rensselaer, Polytechnic
Institute, to G. A. Hathaway, edi-
tor of the 'Daily."
For nearly two years I have
found it indispensable, and now I
look forward with great interest
to each issue. I enclose a contri-
button to the sustaining fund"
Professor Hicks is nationally
famous literary critic.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
WABC--S6O Kc

7:O0-P.M.--Morton Downey. Songs
T:l5-Denny Orch; JEANNE Lang and
Scrappy Lambert, Songs.
7:30--Martin Orch; Travellers Quartet
7:45-News-Boake Carter
8:oo--Green Orch. Men About Town Trio.
S:15-The NRA-Henry T. Rainey, Speaker
of House Of Representatives.
8:30-Kate Smith, Songs.
8:45--Tito GUITAR, Tenor
s:oo--Irvin 8. Cobb, Stories: Goodman
Orch.
s:lb--Vera Van Contralto.
o:3o-Lxmbardo Orch; Burns and Allen,
Comedy.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
Minute Movie
Reviews
GIRL IN 419

Gangland invades a city hospi-
tai and the hospital has a tough
time on its hands removing bull
let wounds from the most for
tunate ones-that is those who
aren't killed outright. Jimmie
Dunn is the wise-cracking hospi-
tai head determined to see JUS
tice done to the innocent, espe-
cially beautiful blondes! A clear
whitewash for the Hospitals. See
it but beware.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
BED OF ROSES

This may be bed of roses for
Constance Bennett who earns close
to half a million a year, but to us
it was just one thorn in the side
after another sitting through an
awful performance and a worse
picture perhaps the worst of the
year. A c. B. story needs no
telling. Stay away
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
TODAY'S PROGRAMS
WEAF-660 Kc.

Observation-Disclosures Music.
7.i5--Childs Orch.
T:30-Lum and Abner--Sketch. " !
7:4S-The Goldbergs---Sketch. o.,r
8:oo-Olsen Orch; Fanny Brice. Commedi-
enne.
s;s1-Napoieon Orch; Merrill Lee, Contral-
to; Male Trio.
s;oo-conrad Thibault, Baritone; Grofs
Orch
s:i5-Trappers Music.
s:30-One Mans Family-Sketch. 80.
10:00-Corn Cob Pipe Club. -fnT-
io:3o-The Ship OF Joy, with Capt. Bobbsie.
1l:oo-Davis Orch.
l1:lS--Rogers Orch.
11:3o--Cols Orch. tNWN
12:0o-Ralph Kirbery, Songs. .rdn
12:0S-A.M.--Bernic Orch t,,,
l2:30-Ffsher Orch.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30

io:oo--Waring Orch; soloists.
l0:3o-Boswell Sisters, Songs.
lo:lb--News--Edwin G. Hill.
ll:o0-Symphony Orch.
1i:30--Dayis Orch.
l2:00--Lewis Orch.
I3:3o-A.M.--Gray Orch.
l.00--Light Orch.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
wOR--71o Kc.

T.oo--P .M.--sports, Ford Frict
7:ls--Jack Arthur, Songs
Tso--Tne Count of Monte Cristo- Sketch.
1:4s-News-Gabriel Heater.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
WHAT'S ON
Wednesday

Wednesday,
LECTURE, "war danger against the
Soviet Union" by N. Phillips, at French
Workers Club, 40 W. e5th st, Adm. free.
Lecture in English.
IMPORTANT membership meeting sscco-
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
WJZ--76o Kc.

. 7:00-P.M.-Amos m Andy.
T:15-Ross Peardon, Songs
730-Himber Ensemble.
8:00-Kiriloff Orch.
8:30-Potash and Perlmutter--Sketch.
8:45-Frozen Bank Deposits--A Drag on Re-
coyery-Lessing J. Rosenwald, Chair.
man of the Board, Sears, Roebuck q Co.
], e:0o-The. American Legion - Dramatic
Sketch: Speaker Colonel Howard p Saw
age, Past National Commander.
9.30-Ortiz Tirado. Tenor.
lo:oo-Forbidden Romance-Sketch, with
Tom Terriss
lo:3o-Ruth Lyon, Soprano; Robert Royce,
Tenor.
li:00-Hillbilly Songs
11:15-The Poet Prince
1l:3o-Denny Orch.
,l2:00-Mills Orch.
12:30-A.M.--King Orch.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30
Thursday

vsnEeth Branch lid. 1t Ts3 Y. fremont
Ave, Sis pm.
Thursday
CHARLOTTE ToDEs OF the Daily worker
staff speaks on National Recovery Act, At
Irving Plaza, 18th st. and Irving Place. at
8 pm. Adm. 15c. Auspices Office Workers
Union.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-08-30

8:oo-Detectives Black and Blue-Myster,
Drama.
a:15-veronica Virgins ContraIto.
s:30-Estelle Leblings Old Singing Master
9:00-Gordon Graham, Baritone; Gilman
and Arden, Piano Duo.
9:i5-Macy and Smalle, Songs
9:30-Variety Musicale.
l0:00-The Beggars Bowl
Eyents-Harlan Eugene Read
and Halsey st. Playhouse.
ll:0o-Time: weather.
llo2-Scotti Orch.
11.30-Lown Orch
12:00-Robbins Orch.
The Waterbury Democrat., 1933-10-25
WALTER SOMERVILLE

With Anthony Mazzalupo, now manages the Walt-An Shoe Store at I33 Bank street. with full line of very good mep's shoes.
The Waterbury Democrat., 1933-10-25
BROCKTON SHOE TROUBLE IS NOT
 YET CONCLUDED
Ten New Autos Had to Be Purchased to Carry
 Strike Breakers

RrocSton.5 Mass. oct 25-(UP)-- Riding in 10 new automobiles be- cause the old ones were battered in two assaults yesterday, some 40 strike breakers from Boston were stoned again this morning as they drove to work at the plant of the w. l.. Douglas Shoe company.
 The attack, attributed to Doug las company strikers, was less vig-s orous than those occurring at. ops ,ening and closing times yesterday, and no injuries were reported. One shot was fired, apparently for eff feet only, as the cars speeded past the demonstrators. eS
 Additional violence was reported last night in the strike against the Douglas company's refusal to rec- ognize the new Brotherhool Of Shoe and Allied craftsmen, now recoEnized in Brockton's 15 facto- ries. An estimated 1000 to 1900 workers are on strike, with only 200 of 500 at work, as result Of the plants decision to uphold it's. con- tract with the old Boot and Shoe workers union, at least until de- eislon is rendered by the national labor board. {. Strikers or sympathizers went to the home of Henry Brady, Douglas worker and member of the Boot and Shoe Workers union, last night, and hurled a brick through the Kitchen window of the third floor tenement. Brady's. daughter, Eileen, doing her school work, was showered with glass but was unin- jured. Several windows were brok- en atethe home of Edward F. Cousens, another member of the old union, the stone throwers fleeing in an automobile.
 Meanwhile Mayor Horace c. 13a- ker awaited response to his tole- graphed appeal to President Roose- welt yesterday for hepl in termin- ating the strike. Bakers c charged that the Douglas firm was operat- ing ,in open and direct violation of the national recovery act" and asked Ia direct order from you to the national labor board to invcsti- gate the situation"
 President Joseph Bartlett Of the Douglas firm denied that 1t was violating the MIRA. we are obli- gated by contract to continue doing
The Waterbury Democrat., 1933-10-25

day by John c. Gilmartin. Mem 'bers of the party will leave this city November 10, stay in Wash ington over Armistice day, and re- turn November 12.
 It will be the first Washington pilgrimage since 1930 and will be open to the public. Trips to various points of interest will be made,
The Waterbury Democrat., 1933-10-25
Masonic Order To
 Institute Grotto
lirand Monarch Joseph Seiber of Ohio to Attend the
 ArmOry Spectacle Saturday

A multitude of merry making ,jrophets with blaring bands. smiles and plenty of good fellowship will be in Waterbury this Saturday for the Institution of Zinda Grotto, of the Masonic order, at the armory on Field street. The evnt will take place Saturday afternoon and evening.
 Grand officers, led by Grand Monarch Joseph B. Seiber of Ak rot, O., will be in attendance. The ceremonies will take place in the evening, starting at 2 o'clock.
 The big parade with between B. 900 and 1000 participating will be hefd in the afternoon, starting at S:SO o'clock from Freight street. Moro than score of bauds from all parts of the state and out of state, together with representations from other grottoes. will be in the dine of march. Lieutenant-Colonel Roy F.. Rice Is parade marshal. The line of march will be from Freight street to Grand street past the reviewing stand at the City Hall. to Bank street, to Exchange Place. to North Main street: to West Main street to Meadow street and back to Freight street where l. will disband Ut the armory.
 The executive committee In charge of local arrangements con- sists of Clark H. w. Newton. chair man. Judge Harry J. Beardsley, John R. Hughes. Irving w. Harri- son. ldris Alderson, Warren D. Platt. Joseph Wilhelm, Rev Arthur Lewis of Naugatuck and George R. Sturges.
 Commissary Commissioner John E Porzenheim will have charge Of the "eats" after the parade.
 Announcement Is made today of tho rest of the committees that will assist the executive committed
The Waterbury Democrat., 1933-10-25
Celebrities Attend
 Clergy Conservation
Thousands Look on To-day as Rev James Ryan Is
 Elevated to BshOpric

of the university and friends and colleagues of Bishop Ryan.
 The procession of clergy. mon signori faculty and hierarchy formed in the nave of the shrlnc and proceeded into the crypt under the direction of the Rev Dr Ed ward Fitzgerald. grand marshal. The members of the hierarchy were seated directly in front of the altar with tho faculty in academic cos tune just behind them. The diplo- matic corps and special guests were seated in the transept oppo- site the epistle side of the main altar and the monsignori and clergy were seated opposite the gospel side.
 The minor altar used by Bishop Ryan at the beginning of the cere- monies was that which had been used by Bishop John Carroll, founder of the American hierarchy, first bishop and archbishop of Bal timore, and one of the historic treasures of the shrine. It was in sharp contrast with the magnifi- cent marble altar used by the consecrating prelate. The Carroll altar was first used for consecra- ton a little over a month ago when the Most Rev Gerald Shaughnessy, was made Bishop of Seattle. Bishop Shaughnessy was the first prelate to be consecrated in the shrine selecting it because he received his education and was 0 member of the faculty of the university. Bishop Ryan Is the first rector of the university to be raised to the episcopal dignity in the shrine. His predecessor, and founder of the shrine. the late Bishop Shahan, is buried in one Of the chapels.
 After the ceremony. a luncheon was served to his guests ,by the new bishop in the main dining hall of the university. Seated at the head table were His Exccllency, the Most Reverend Michael J.. Curley, archbishop of Baltimore and chancellor of the university, who acted as toastmaster and in- troduced the speakers. The speak CTS were: the Most Rev Amleto Giovanni Cicognani, apostolic dele gate to the United States. the Hon. orable Pierce Butler. justice of the supreme court of tho United States, and trusted of the university, the Very Rev Dr William J. Kerby. professor of sociology at tho Catholic university and the Honorable Clarence F.. Martin. an alumnus of the school of law. q trustee of the university and re- gently the president of the Ameri- can Bar association. Bishop Ryan responded to the toasts and con- cluded the speaking.
The Waterbury Democrat., 1933-10-25

in arrangements. as follows: 4
 Reception of Sgrand officers:
 George H. Wells, Congressman Ed
 ward w. Goss, Robert J. Eggleton.
 Dr A. T. Gilyard and Warren D.
 Platt: in charge of candidates, VII
 liam H. Stahl, Arthur H. Nichols.
 with all past masters; parade, per
 init, parking space. aides: Roy E.
 Rice, Franklin Weiser. Clarence
 Slater, c. ]. Griffiths, Daniel G..
 Taylor, Walter J. Wilehlm, Peter
 J. German, George H. Stephens, Alonzo M. Pearson, E. H. Jones,
 James B. Isherwood. Richard l.. Wildman, pr A. T. Gilyard.
 Armory committee, ceremonial
 cast equipment, stage, lights, Castle, w. G. Russell, George Wild man, Clarence Ford, Earl Samson, Dr Edwin Erbe. Layton W. Rose. Phil Wildman, John D. Mcdonald Harry Tyrell, Louis Simons. Reception of visiting grottoes and uniformed units: c. J. Bartlett, John H. Kearns, Coleman Tenne- baum, John NJ. White, w. M. Rosie, Charles D. Nye, Joseph Will
 helm, w. Chester Bray, s. H. Pat | terson.
 Memebrship: Louis wenzeI, Ar | chic Manson. John D. Thoms, James w. Burhoe, Ralph H. Paine, | Harold k. Perry, John J. Kearns, Warren D. Platt, Vernon l.. Hall, | Edwin k. Diver, Lester E. Wheeler, Louis A. Leopold. Arthur l.. Beck
 CT, Edwin w. Roberts. Raymond l.. | Lautenschlager and Louis L. Sim ons.
 Commissary: John E. Porzen- holm, John P. Clark, Harry E. King, w. D. stewart, Robert Speers 1 John M. White, James B. lsher- I wood, Clarence A. Fords Harold J. | Slater md A. H. NBieler.
The Waterbury Democrat., 1933-10-25
Resume PiIgrimages
 To Washington, D. C.
1iImartin Announces Three Day Visit to Capital
 -Armistice Day Services Will Be Witnessed

among them a journey to Afling- ton National Cemetery for the an- nual services in honor of the Unknown Soldier.
 offered as part of the night school activities program, the trip has a special interest to those who are at present studying in AmeEi- canizatfon and. civic classes. It has, however, an appeal to many others, and anyone Interested may make the journey.
The Waterbury Democrat., 1933-10-25

AGED MINISTER GEEKS, ZINC
 Highland. Wis, (UP)-With car bonate zinc ore again in demand, John P. (Black Jack) Manning, S1,
The Waterbury Democrat., 1933-10-25

business woth the Boot and Shoe workers union," he said. The question of what we are doing was presented to the national labor board some time ago and hearings were held. They have made no de- cision as yet, nor has any one offi- cially criticised our position.
 The Boot and Shoe Workers union formerly had complete sway in the Brickton erea but the Brotherhood, an outgrowth of the older union, virtually supplnnted 1t following long strike.
The Waterbury Democrat., 1933-10-25
sUEHIEF"s NOTICE

STATE OF cONNECLICUT. County z. of New Haven. ss. Waterbury K october Is, 19"3.
 v BY virtue of an Execution to me Is sued by the Clerk of the Court of Common Pleas. William M. Gillette. J will sell at public auction. at the public sign post, sale adjourned to Ss0 Center street. IA days after date, same being the 1st day of Novem.
 Der, at ! D. m. Eastern Standard Time, io the highest bidder. the following to wit: stock and fixtures belonging to The Jackie Company Inc.
 S Attest:
 z BENJAMIN J. BRADY, 4O-1S-25-3t Deputy Sheriff.
The Waterbury Democrat., 1933-10-25
EDIToR Is nUC HUNTER

McPherson. Kan -(UP)- pr Warren Knats. 75. combines jour- nalism with bug hunting. Publish CT of a weekly newspaper, he is one of the nations best known beetle authorities. His collection totals more than 100000. Contain ing 10000 different species, his cole lection is considered the best in the country, with the exception of that of pr H. c. Fall, Kingsboro, Mass.
The Waterbury Democrat., 1933-10-25
MT. OLIVE CHURCH
 FOOD SALE THURS

Mount Olive A. M. E. Zion church will sponsor a food sale all day tomorrow at 0rieve. Bissot and Howland's store. under the auspices of the missionaries of tho church. ParishIoners have con- tributed considerable food stufks which will be up for disposal.
The Waterbury Democrat., 1933-10-25

STATE OF CONNECTICUT. District N of Waterbury. SIS. Probate Court, {. October 2lst. 1888.
 ESTATE OF Alexander $. LyaH, late of tho Town of Waterbury, in said District. deceased.
 The Court of Probate for the Dis frlct of Waterbury. hath Limited ana arlowed aix months from the date Hereof for the creditors of said es- tnte to exhibit their claims for se'- teiment. Those who neglect to pre- sent their accounts properly attest ed within said time. will be de- ,nrred a recovery. All persons in- 1ebted to said estate are requested to make Immediate payment to V LOUISE l.. LYALL, t HAROLD M. LYALl.. .to1n.ct Administrators.
The Waterbury Democrat., 1933-10-25
CHARGT FEE TO HUNT
 CHICK EMS

Stevens Point, Wis-(UPO- Farmers are regulating prairie chicken hunting in the Stockton district of Portage county by charging Q 50-cent daily fee. It is the first such organized movement nthe state.
The Waterbury Democrat., 1933-10-25

Tine annual pilgrimage .to Wash ineton, a former feature of the adult education group program, will be resumed this year, accord- ing to.an annoumcoment made to-.
The Waterbury Democrat., 1933-10-25

Washington. D. C.. oct. 25-The Most Reverend James Hugh Ryan, rector of the Catholic University of America at Washington, D. C., was consecrcated bishop or the 'ritular See of Modra In the ma tional shrine of the Immaculate Conception on the Catholic unlVer- sity campus today, in the presence of nearly 1000 spectators wno crowded the, crypt to its iuil ca- pacity. ,o
 Thirty-five members of the Amor, can hierarchy, one Canadian archbishop, tho apostolic delegate ncsrlv four score monsignori, oyer 900 members of the clergy includ- ing the presidents of colleges and universities and the superiors or religious orders. fifty members or the diplomatic corps headed by the Jupanese. ambassador and Madame Debuchi. the secretaries of com meroe and of labor, president ana representatives of secular institu- tions, the faculty of the university and students were among those witnessing the ceremony.
 The Most Reverend Joseph Chartrand, bishop of Indianapolis
 as the consecrating prelate with the Most Rev Thomas D. Molloy, bishop of Brooklyn and tho Most Rev Joseph F. Ritter, auxiliary bishop of Indianapolis as co-con- sccrators. The Most Rev John T. Nc Nicholas. o. F., D. D., arch bishop of Cincinnati delivered the sermon. Thrones in the sanctuary we're occupied by tho Most Rev .Amleto Giovanni Cicognani. apos- tolic delegate. to the United states, nnd the Most Rev Michael J. Cur Icy, archbishop of Baltimore and chancellor of the university. Thc Right Rev Edward A. Pace, vice rector>b6f tho university was the notary. Tho other officers ot the mass wcro members of the faculty
The Waterbury Democrat., 1933-10-25

is engaged in developing a. new zinc mine near here. He expects to take out ore at depth of 50 or co feet. @
Evening star., 1933-10-13
HOME LOAN BOND
MARKET SOUGHT
Two Billion Dollars Author.
lied by Congress to Re-
finance Mortgages.
BY the Associated Press.


Plans are being formulated for an
effort to establish satisfactory mar
ket for the $4,000, 10000 in bonds au-
thorized for the Home Owners Loan
Corporation, created by the last Con-
gress to refinance home mortgages.
The bonds will be fed into the market
gradually as the corporation needs
money. Figures released showed that
more than $4,000 applications for loans
totaling more than S175.000,000 have
been tentatively approved by the 257
branch and State offices of the organ
ization, but the money actually placed
on October was less than S2,000.000
The lack of ready market for
the home lean bonds has been of scme
concern to the administration. An
over-the- counter market has recently
developed in New York, with quota
tions ranging from 83 to 92l2. but it
was felt that the quotation did not
reflect the value of the bonds and
Was unsatisfactory to the Government
The bonds mature in 18 years and
bear per cent interest, the latter
guaranteed by the Government. and are
tax exempt, except for surtax estate
inheritance AMI gift taxes. The Gov
ernment does not guarantee the princi-
pal, and that factor had led to slow
absorption by mortgage holders and
purchasers. The depressed price was
taken as indicative of the public at
titude
Quietly within recent weeks moves
have been made within Government
circles to establish their value as prime
collateral. Controller J. F. T. O'Connor
has approved them for the portfolios of
national banks and for the receivers of
national banks
He announced this week that he
was working on a plan to approve
their exchange by conservators for
frozen assets, because the bonds had
market.