davidaulloa/AmericanStories huggingface dataset:
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-08-05

4 ALARMING HBure OF perhaps vi. 20
per bag You can see the wisdom
Of yetoeing the chain store taxa
ton bill further than this the
ton.
Old Age Pension
Here is a bill that was passed
by the legislature and 0. Ked by
the governor and all of the press
came forward TO commend the
Governor and legislature in pass
ing an old age pension bill. am
constrained TO say that l believe
the Governor and the legislature
looked on this as would the crea-
tor of the universe, but instead of
seeing II as being good, they were
tempted TO go into extra session TO
repeal the bill. Under the present
manufacturers code which, be-
cause of the insurance restrictions
due TO law governing workmen's
J compensation. a man becomes un-
+ III for factory work at the age of
45, and since the old age pension
bill only provides a pension after
a man has reached the age OF 20.
what in the name of all that Is
good will he do for sustenance
during that twenty-five years OF
interim between As and zoe.
The Beer BiII
Here is piece of legislation
passed by our Legislature and O.
ked, that is doing its part in
bringing about the economic re
Mobilization of our State. but
shrewd racketeers have found
some loop hole in IL. Yet II is good
Here are two examples in legisla-
ton, both bills passed. both &C.
cording to the titles intended to be
for the good of the commonwealth
but what does a title mean when
the wording and letter OF the bill
goes against good, sound Judge
ment and reason.
Trusting that the public viii
take cognizance OF the facts pre-
scented with an unbiased attitud,
simply to warn them against doinl
that thing which tends to destro,
machine well oiled. smooth
running, going forward toward
creating a new deal for the Negro
in the State of Michigan; not onl,
politically but economically. In tn,
recent appointments made, on,
stenographer was placed In tn,
Governors office in the State Cap
I toll; and one was placed In tn,
office of the State Superintendent
of Public Instruction. The frs
: time in the history of Michigan
!, we have had Negro representation
3 in those two capacities. Let's TO
r get about our partisan feeling
r and as Negroes let's stand benin,
Governor Comstock because of hi
= fairness and unbiased attitude
4 toward Negroes
}, Possibly some of these person.
!. who are making such strenuou
a efforts to recall the Governor ar
y doing so because OF his attitude O
n non-discrimination and non-segr
cation. lie has fought along wit
5 Mr. Bledsoe and MIR. Diggs, givin
h mem full support In breakin
y precedent In different Depart
4 ments of the State. Since this /
o true. and because the Negro ha
c been the most forgotten of me
e and has prayed for deliveranc
h from the shackles OF political an
r economic slavery. with the Sun G
: a New Deal arising. let's be tn
$ last group to cast shadow owe
cit.
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-08-05
THE NEW DEAL OUR Gov
ERNOR & LEGISL AZURE
THEODORE II. BARNES

Due 10 the unrest that has been
created by group of selfish indi-
viluals who have used a partisan
press TO further Their malicious
propaganda on the Governor OF
our state, shall take this method
OF imposition on this paper and it's
readers to attempt 10 give an un-
| biased ana non-partisan review OF
| The wo X of the past session OF the
legislature. | shall attempt to go
below the surface OF the titles OF
| the bills enacted and vetoed by our
Governor in the last session. Being
"A Democrat. most people will look
upon this recital as an attempt TO
save my face, but | shall review
this legislation from thoroughly
unbiased standpoint. actuated and
motivated by principles which in
volve the best interest OF our
| group.
Small Loan Bill
Our legislature enacted a small
loan bill which. on the surface, APP
pear a God-send to the person who
was dependent upon the small
Loan Corporation for getting
ready cash The reduction OF the
interest rate TO the level that the
| legislature enacted would have
mitigated against borrowers OF
money in two ways. First. loans
would have been harder to secure (;
and secondly. furniture and other
articles which had meen mortgag-
ed TO secure these loans would
have been in eminent danger OF
seizure by foreclosure at the FIRST
sign of delinquency and with eco.
monte conditions as they are, ouI
Governor. looking forward into
the future. could see that by TAX
ing the Virginia law as n proceed
ent. the enactment of that legisla
tion would reduce the Small Loar
Companies to mere pawn shop!
and because many men would no
be able to meet. their loans, more
families would be deprived of thei
! furniture and other articles o
| value which would be used al
security for such loans; AM
further, that a number of peopl
who lad met with certain uafo''
tunate circumstances that neces
STATED a quick loan would atten'
the issuance of loan under tn
new system.
!, Chain Store Taxation
3 A 80, sales tax was levied an,
h Immediately many merchants. in
y stead of working out a co-opera
: tive system in handling the sale
j. tax. became ruthless racketeers
4 placing on the public n doubt
burden sales tax that was IA
4 In excess OF anything the Governo
n or legislature dreamed of an,
seeing the attitude of the mer
!, chants and ~ealizing that wit
:, economic conditions as they ar,
TO exact or cause to be enacted
. legislation which would place
tax on these chain stores thereb
= placing an additional burden o
: the already er-burdened people
= realizing that the chain store
would not be willing to part wit
"a ,,nrtfo,, ~ fhcfr nrofito IN no
= the additional chain store tax an
= that I'm the end the people VIII
re paying sales tax would hav
to Ply the chain store taxation. tn
. Cove o. vetoed this bill Wit
Hour row selling at soc to 90c pc
"a pound bag to have enacted TIL
!, legislation would have caused thl
p one commodity to have reached III
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-08-05

creed. Negro Americans, especial
~. can find no cause for rejoicing
at the resentment OF the Eigh-
teenth Amendment. DO you think
that the Fifteenth Amendment is
any more sacrosanct than the
Eighteenth
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-08-05
NOTICE TO ADVERTISERS

al Advertisements must be In
the office by 6 p. M. Wednesday for
publication I'm that weeks Issue OF
our paper. We make this request
In order that we may 90 TO press
on Thursdays and have our publ
cation out on Friday mornings.
May we expect your cooperatIonf
Detroit tribune. [volume] (Detroit, Mich.) 1933-1933, 1933-08-05
EDTTORTS NAL

EDITORS NOTE We reprint
this letter, because of an error
which occurred last week, when
Coroner Hughes name was unia-
tentionally omitted.
Evening star., 1933-05-25
DAWES EXPLAINS LOAN
FROM HOUSE OF MORGAN
Says Money Was Borrowed to Pur-
chase North American Stock
for Personal Investment.

BY the Associated Press
CHICAGO. May 25.-Explanation OF
a personal loan from j. p. Morgan q
Co. to Charles G. Dawes, former Vice
President of the United States. men
toned in the Senate committee hearing
at Washington yesterday, was given in
a statement issued by Dawes at his
bank here. He said:
ION October 20, 1881. while at Lon
don, I borrowed from j. P. Morgan q
Co. $74,725 on a note payable on or be-
fore six months, with interest at per
cent, secured by 2,700 shares of North
American common stock and 1000
shares of Murray Corporation stock,
with an approximate market value OF
$4,000. The note was paid in full,
with interest, at maturity, April 20, 1882.
"The loan was made in order to pur-
chase 1000 shares of North American
common stock for investment, which I
still hold
Davis Explains.
GENEVA, Switzerland. May IS R.-
Norman H. Davis, American represent
ative at the Disarmament Conference,
yesterday authorized the following state
ment about the mentioning of his name
in the j. p. Morgan inquiry in Wash
ingtori.
about two years ago borrowed ap-
proximately $4,000 from the Morgan
CO. against full collateral. have been
paying it of and the reason why 1t has
not been fully paid is that I have had
heavy private expenditures in connec-
ton with my work for the Govern
ment."
Evening star., 1933-05-25

voice how the Van Sweringens had
turned in their holding and accepted
common stock. with $50 1000 900 of
obligations above them"
Didn't Sell to Public.
I'VE sold $35 5,0O0,O00 of bonds for
which we believed there was a substan-
tial base" whitney said. "The guar
anty company took $4,000 900 of pre-
ferred. We bought S25, 10000 of the
common stock.
I'VE believe in the future Of the firm
but did not consider it good banking
to keep $25, ,000, 900 Of common stock in
our portfolio. So we offered it to men
of financial judgment that they might
make profit over long period as we
hoped to do. but not just with the idea
Of throwing 1t on the market the next
day;
knew well enough to know what they
sound security. We don't think COM
mon stock ought to be sold to the pub
lie by Morgan g. Co., because we are
afraid 1t might get into the hands of
people who don't know what they are
doing"
whitney emphasized that Morgan
dealings with the Van Sweringens were
confined to railroads and did not in
clude ANY real estate in Cleveland"
Whitney declared that j. P. Morgan
& Co. employ no bond statesmen and
"have never adopted any methods Of
high-pressure salesmanship."
I'VE have distributed these securities
through syndicates or selling groups
consisting In cases of the largest issues
of as many as loo or 1900 retail and
distributing houses, large and small,
scattered throughout the country. These
houses were invited by US to join in the
offering of these securities because Of
their distributing ability and their
standing and reputation in their own
communities. We have believed In this
method Of distribution and have con-
sistently. adhered to it."
Pecora then placed In the record the
letter from Raskob thanking the Nor
gan firm for remembering him in the
special sale Of Allegheny stock and say
ing he hoped the future would ''offer
me a chance to reciprocate."
How could he reciprocate?" Pecora
asked.
"Didn't he have something to do with
the Democratic National Committee?''
Whitney asked in reply.
Pecora pointed out that at the same
time the stock was offered to Treasurer
Mutt of ths Republican National Com
whitney vsrinsd the saaa bss nd
Evening star., 1933-05-25
TO WOOD|N
RESERVED SHARES
Allegheny Offering Sold in
February, 1929, to Present
Official Below Market.
By the Associated Press.

BY the Associated Press.
Here is the text of the letter ad-
dressed by j. P. Morgan & Co. to VIII
liam H. Woodin on February /, 1929,
four years before he became Secretary
of the Treasury, offering him a par
ticipation in an issue of common stock
Of the Allegheny Corporation:
MY dear Mr.. Woodin:
"You may have seen in the papers
that we recently made public offering
of $35,000.000 Allegheny Corporation,
15-year collateral trust convertible 5
per cent bonds which went of very
we'll
In this connection, the Guaranty Co.
offered today $25,000,00 of Allegheny
Corporation cumulative 512 per cent
preferred stock There was also q
strong demand for this stock.
THE Guaranty Co. also sold, private
ly, some of the common stock at >$24
share.
Reserved 1000 Shares.
I'VE have kept for our own invest
ment some of the common stock at a
cost of $40 a share, and although we
are making no offering of this stock,
as it Is not the class Of security We
wish to offer publicly, we are asking
some of our close friends if they would
like some of this stock at the same
price 1t Is costing US; namely, $50 a
share. ...,
II believe that the stock is selling
in the market around s35 to $37 a
share, which means very little, except
that people wish to speculate.
I'VE are reserving for you 1000
shares at $40 a share. If you would
like to have it.
There are no strings attached to
this stock. so you can sell 1t When-
ever you wish.
"For further information regarding
this corporation, am inclosing circular
covering the bond issue.
I'VE Just want you to know that we
are thinking of you in this connection
and thought you might like. TO have
A little of the stock at the same price
we are paying for It.
1T am sending this to your office. as
I understand that you are now ON your
way through the Panama Canal, but
this can wait until you return.
Hoping you are having q pleasant
trip, and with best regards,
p' Sincerely yours"
Letter Not Signed.
The photostatic copy Of the letter
bore no signature, but initials on the
copv were identified by Pecora as those
of william Ewing, partner.
No copy of reply from Woodin was
placed in the record, but second letter
addressed to Woodin by Morgan 81 Co.
on February IS read:
Dear Sir:
I'VE acknowledge with thanks the
receipt of your check to our order for
$40 .033. .33 in payment for 1000 shares
cf Allegheny Corporation common stock
(no par value) at $50 per share plus
interest from February Is to date.
I'VE have deposited in your account
the above stock in temporary form, reg
istered in our nominees name"
Evening star., 1933-05-25
BAKER DECLARES PROFIT
ON STOCKS PASSED UP
Only Morgan Preference Was Re-
fusal of Usual Charge for Pur-
chase, Ex-Secretary Ayers.

BY the Associated Press.
CLEVELAND, May 25.-Newton D.
Baker, former Secretary Of War, whose
name appeared on ]. P. Morgan & Co. S
selected list" as produced in the Senate
hearing, said "the only preference
granted by the Morgan Co. was sale
of the stock at no profit to themselves. "
Baker was listed as the purchaser Of
1000 shares of Allegheny Corporation
stock from the Morgan Co. at price
below the market. He said he was
counsel for the Van Sweringen interests
at the time the Allegheny Corporation
was formed and considered the stock a
good investment.
IT still have part Of what bought" I"
he said. "I never made money on 1t,
am very sorry to say"
Evening star., 1933-05-25
London Is Stirred
By Quiz Of Morgan
On Tax Payments
BY the Associated Press.


LONDON, May 25.-The ques-
tioning Of J. P. Morgan in the
Washington investigation stirred
great interest today in the British
press, rivalling the attention given
the Geneva disarmament crisis.
Whether Mr.. Morgan referred
to his personal income tax re-
turn in testifying that he had
paid his income tax in England,
or whether he meant the Morgan
Co. returns, was not clear in re-
ports received here.
An income tax authority said
individual returns under the
British law take no account of
either profits or losses in such
transactions as stock exchange
deals.
Income tax returns are conf
Dental and there are no means
of knowing here how much in
come tax Mr.. Morgan has paid
in England.
As yet the British press has not
commented on the Morgan testi-
mony.
Evening star., 1933-05-25
Remember the Root !
AUCTION SALES.--FUTURE.
Ty0s I OWEN SON, AUCTIONEERS
143l EYE ST. NV.
TRUSTEES SALE OF TWo-sIoEY, BEITs
DWELLING. KNOWN Az ,I5EI5MEsT PKEMISES

TRUSTEES SALE OF TWO-S1Oh1 bI1ISIN
7is n SOMERSET PLACE NORTHWEST;
Nv virtue Of a certain deed Of trust. dated
March IS. 1881. being Instrument No; . SAN; iand
records of the District Of Columhia&; & ana az az
The request of the party secured therepy, tne
;S ;unSdersigned trustees viii sell at ,Iy1bs nIbssc
ff 1f tFouR-THfRTY O'Clock PM. the fol.
lowing described land and premises sltuate
in the District Of Columbia, and desisnatssn sn
Robert a Van vranken's subdivision OF
parts Of the tracts Of land known as as "Robert Robert
Choice" "Bealls Fancy" and ,Oulds Foustn
Vacancy" as per plat. recorded in the once
OF the surveyor for the District OF Colum-
bia. in Liber 79. a, folio 166; subject 10 the
Terms: Sold Subject to a prior deed Of
trust for. S2.290.64. further particulars OF
which will be announced at time OF sale; the
purchase price above said trust TO be paid
In cash. deposit Of $500 required Con-
veyancing: reeordipg. etc, at the pIrchassI,s
thirty days. otherwise deposit forfeited and
the property may be advertised and resold
- - discretion OF the trustees
r. b. II. LYON
svssas. s.ss.a7.s, . fAsos Tsruss:.s. Il:
Evening star., 1933-05-25
Hikers Try New Trick.

LAWTON, Okla. @.-Oklahoma
hitch-hikers have a new wrinkle. In
the manner Of hagmen they stand at
railroad crossings near here and when
the cautious motorist slows down plead
for a lift.
Evening star., 1933-05-25
No Strings Attached.
SPECIAL NOTICES.
OFFICE OF
1.-THE GEORGETOWN GASLIGHT CO."

1.-THE aEoRoETro6WN GAsLIeHr co."
The annual wfsnesdirosi nastinr si he Stockholders
of THE GEORGETOWN Gaslight Company" Tor
the election OF directors and the transac-
tion Of such other business as as, may AZ properly sG
the ONCE OF the company 1889 Wisconsin
avenue northwest. Washington. d. C., on
Monday, June 5th, 1888, at IL O'Clock noon.
FREDERICK K. HEuPEs Escretsrv
I WILL NOT BE RESPONSIBLE FOR ANY
self EVERETT MEssIcK. 712 Hamhn Ian
FURNITURE REPAIRED AND UPHoLsTER-
ed in your home Al references; free esti-
mates Address Box 226-H. Star once. 20.
CONGRESSIONAL COUNTRY CLUB ACTIVE
membership, S125. Address Box 24O-J. star
IoNd-DIsTAEcE MOVING ~ aETWEEN s1a a Al Al
stdi0Rs st' n.a. Na fIsneass $3.50 ''O'A.e ~. -
RETURN LOAD WANTED TO BALTIMORE
daily at reduced rates. Call Baltimore: Mo,
Plaza 1929. for prices. q
DR. W. H. WALDO, DENTIST, HAS MOVED
from the Westory Bldg: to 400 Colorado
SPECIAL RETURN-LoAD RATES ON FULL
miles: padded. vans: guaranteed service; 10
Sell fal m3yss5 4ssoc'. aisH INC. n psI7 N 4 Y ave
Remember the Roof!
Don't let rust destroy the tin. Our IA IA
nous Protec-Tin Roof Paint keeps Oh n,o1.;, 1S,
eayasts for years yvI Lst US apply y ifNSWl St w
KOONS coMPANY aeANY North 4425
Evening star., 1933-08-24
Golf Tournament at Rock Creek Alo,v No Lnpses in P

Hagen is one Of the few who pay any
attention to the gallery, and Sarazen's
dourness Is concentration rather than
desire to be unpleasant
Sdrasen is interested mdinly
in Sarasen's golf. belieUe ne
studies his game more than anu
other player ercept Bob Jones.
Although he non the P. G. A.
championship handiiy, Sarazen is
not satisfied iOith his play
Every player who wants to keep at
the top in golf must change his game
and his clubs from time to time to
keep up with the muscular and nervous
changes in the body" he told me at
lunch one day recently. Il swing diff
ferently than I did five years ago and
clubs that suited me then are un-
satisfactory now
From time to time a fellow
becomes slack or weak on certain
shots Several years ago, I was
poor bunker player. 1 set about
to overcome that weakness and
now 1 have no trouble in traps.
MY weaknesses now are with three
clubs, the brassie spoon and No. l iron
and | am going to spend lot of time
this Fall practicing with them
"A brassie shot bothers me a lot and
I seldom use the club. From a tight lie.
1 always play spoon while if the bali
is in nice position take a driver But
I need to be able to use a brassie well
and 1 am going to learn how.
II am also altering the design
OF some OF my clubs to suit my
present needs. / will do that
during the Fall, as / don't erpect
to play any after the Western
Open until the Winter season in
Florida"
Evening star., 1933-08-24
.SARAzEN IS P. c. A.
RULER TWO WAYS
Takes Title After Winning
Hot Policy Fights With
Organization.
BY FRANCIS J. POWERS,


)HICAGO, August 24.-Be-
l cause Of his frankness in
~ discussing golf, golfers and
the Professional Golfers
Association, Gene Sarazen is
looked upon by many followers
of the game as an iconoclast or a
Huey Long of the fairways. That
hardly is a fair estimate of the
truculent young man whose
binding shots have again ele-
waited him to a national cham
pionship, the P. G. A. title, III
case you don't remember.
SaraZen has been frequently in the
headlines during the past eight months,
but always for what he thought was a
principle. He made some. enemies. but
that doesn't worry him. He thought
he was right. and that's all that ever
matters to SaraZen.
For example, Sarazen fayed
the p. G. A. for leaving Billie
Burke off the initial selection of
the Ryder Cup team. At the last
minute the p. G.. A. included
Burke, and William played bril-
liantly in the international four
sOmes at Southport.
Then SaraZen refused to play in the
P. G. A. championship because he
thought the Ryder Cup team should be
excused from sectional qualifying He
won that argument and also the P G.
A. championship. which makes him 3
up on the professional organization.
Evening star., 1933-08-24
SMITH RIVALS POLO.
SKILL OF HITCHCOCK.
Texan Proves Stars Equal
in Play That PopuIarizes
Game in Chicago.

TT seems inevitable that Tommy
Hitchcock soon will have
10-goal companion in inte
national polo rankings. No
longer is it proper to call Hitch
cock the worlds premier polo
player. One must say "the great
est polo players are Tommy Hitch
cock and Cecil Smith"
"The Llano Kid" arrived in the East
West series at Onwentsia, which the
combination Texas and California team
won, 2 matches to l, with a total Of
IS goals to 70. Prior to the East-West
series Smith was the only nine-goaler
in polo, but after the final battle expert
followers of the game were unanimous
in the belief the Texan would be raised
to the highest rank at the next meet
ing of the United States Polo Associa-
ton.
Smith not only is a marvellous polo
player, but his cowboy background has
lent an aura of romance to his rapid
rise in this most dangerous of all
sports From bronc buster on the
Head of the River ranch in South
Texas to the high places in polo and
acceptance by the social elite is a jour-
ney never before made Mr. Horatio
Alger would have done plenty with that
plot
Evening star., 1933-08-24
CAPITAL lINkSMEN
WIN COLORED TITLE
Royal Club Easily Takes Eastern
Association Championship on
Philadelphia Course.

PHILADELPHIA, August 24.-The
Royal Golf Club of Washington
annexed the Colored Eastern Golf
Association team championship here
yesterday, winning 10 of IL qualifying
matches and capturing all II matches
in the finals Teams from the st.
Nichols and New Amsterdam Clubs of
New York, and the Fairview Club of
Philadelphia also competed.
Play was divided into seven-man
Glass and five-man Glass B competi-
tion. In the morning competition the
Royal Glass A and B :eams defeated
the FairvieW teams, to l and 4 to l.
The St. Nichols and New Amsterdam
clubs divided the former winning in
Class A, and the latter triumphing in
Glass 8.
In the afternoon finals the Royals
trounced st. Nichols for the Glass A
crown, to o, and the local Glass B
team continued the clean sweep with
5-to-0 win over the New Amsterdam
Glass B golfers Harry JackSon's VIC
tory over Frank Gaskin, national anna
teur champion, featured the play.
The local teams were as follows:
Glass A-Harry Jackson, N. Spriggs,
Beltram Barker, James Williams, AL
bert Harris, Pleasant Goodwin and Dr.
George Adams, captain; Glass B
Richard Thomas, William Carter, Will
liam Davis and Walter Booth.
Evening star., 1933-08-24
POlOISTS WEST BEAT,
WILL TRY COMEBACK
Hitchcock Four to Make Only One
Change for Play in Open
Title Tourney.

BY the Associated Press.
NEW YORK, August 24-With but
~ one replacement the East team
Tommy Hitchcock led unsuccess-
fully against the West in the recent
intersectional series will strive for q
comeback in the open championship
polo tournament next month at Mea-
dow Brook
Hitchcock, polo's only ten-goal play
er, will lead the Sands Point four with
two of his mates on the East team,
Earle A. S. Hopping at No. 2 and Ray
mond r. Guest at back. riding with
him Robert Lehman at No. will
round out the quartet.
Only two of the Western combina-
tion that won the series with two vic
tories in three matches will compete
in the open. Cecil Smith, rated at
nine goals and star of the Western
combination, and Elmer Boeseke, jr.,
who rode No. 2, are entered. but Eric
Pedley, Aidan Roark and H. w. CRube)
Williams, who fractured his right leg
in the series in Chicago, will not COM
pete.