davidaulloa/AmericanStories huggingface dataset:
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-01-17

1781-Robert Hare, noted Phil
adelphia chemist-scientist of his
generation, born there. Died
May rs, 1853.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-01-17

BLANK SALES BoOKS-Suit-
able for every business. In
duplicate with carbon paper.
Only &c each. The Artman
Press, Citizen Building. Phone
81. jun14-tf
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-01-17
CLASSIFIED
C0LU MN
asaNaaeaaea.AAAAsAaAaaeea
RADIO REPAIRING.

RADIO REPAIRING. We repair
all makes. Guaranteed service.
j. L. Showers Music Co. jan1
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-01-17
FOR SALE

500 SHEETS typewriting paper.
Only Soc. Get them at The
Artman Press. Phone 81.
nov1
The Washington times., 1934-07-17
WRC
$40 1850 (
Who Goes First?

VINO GOeS rUSG!
Dear Mrs. Beeckman:
viii you please advise me
as to what is the correct way
for a young man to escort his
lady friend down the aisle IN
q theater? Should he walk be-
fore her when there is an
usher? Three young men have
argued over this question and
have decided to let you answer
1t for them. w.
Every man must decide this
question for himself, for it is he
who must decide which pre-.
cedence he thinks is the more
appropriate and Of more service
to his woman companion or
companions. Most men con-
slider that it is better to stand
aside and allow the WON N to
60 first, to follow the usher.
But I can't help agreeing
with the comparatively small
number of men who are of the
opinion that it is more service
able" for them to follow the
usher, 50 that they may see
that they are given the right
The Washington times., 1934-07-17
Correct Manners
VOL
22s.R-t3tO.K
By Mrs. Cornelius BeeCkman

L4US 00GCN40U
seats, and then stand at the
head OF the row, to allow the
woman to take her place in
the Indicated seat.
And, I think, too. although
it is contrary to the usual Gus
tom, that in the similar in.
stances where the woman is
supposed to follow the head
waiter, that is Is far more help
full (and masterfulD for the
man to follow the head.waiter.
to see that he and his com.
panion are given the table he
wishes.
But since there are two
schools Of thought about both
Of these circumstances, the girl
must get the habit Of watching
to see to what school Of
thought her escort belongs.
Evening star., 1934-08-15
HIT Mrntnrtatit.

GRADY. C0RNELIA. In loving remcm-
brance of our beloved mother. COR
NELIA GRADY. who departed this lite
one year ago today August Is. 1898.
Somewhere back of the sunset.
Where lovelineSs never dies.
She lives in a land of glory
Mid the blue and sold OF the skies.
HER CHILDREN.
HUNT, EDWARD L. In loving memory OF
my dear husband. EDWARD L. HUNT.
who departed this life six years ago to-
day, August Is. 1928.
I saw you fade like flower.
But could not make you stay:
! nursed you with tender kindness.
But God called you away.
HIS LOVING WIFE. MATTE v. HUNT.
WILKERSON, ELIZABETH r.. In sad but
loving remembrance of our dear mother.
ELIZABETH r. WILKERSON who de-
parted this life one year ago today.
August Is. 1888.
Oh. how we miss you, mother dear.
The saddest month of all the year.
Never shall your memory fade
Around your sweet and peaceful grave.
The lonely corner. the vacant chair
Seems more than our sad hearts can
YOUR DEVOTED DAUGHTERS. LAURA.
Claude. EVA AND AMY. AND
GRANDCHILDREN.
Evening star., 1934-08-15
Deaths Reported.

Joseph Lipp S.. Soldiers Home Hospital
Emma K. Cole. 81. Sibley Hospital
Maeeie Walsh. -. Home for Aged and
1nfirm.
William F. Mansfield. ~. Walter Reed
Hospital
James Byron. 60. Garfield Hospital.
Anna Kache. 65. 3720 Upton st.
Edward T. Lewis. IS. Highlands Apart
Edward T. Hsrney Sc. Potomac River.
Sylvan Bensincer. So. 2S33 9TH st
William c. Latham. %. Emersency Hos
Mary E Biddle. As. 7O4 North Carolina
ave. Sc.
Roy G Snyder. 3S. Walter Reed Hospital
John H. Daueherty. jr.. So Casualty Hos
pital.
Grace Anderson 30. Providence Hospital
Archie Ward - Casualty Hospital.
Catherine Lee "a Gallinger Hospital
Hannah Mccall. -. Gallinger Hospital.
Dennis Hedgebeth. 81. GEORGETOWN Uni
verSity Hospital.
Pershing Christian. Is. Georgetown Uni
verSity Hospital.
Evening star., 1934-08-15
PLANES CONTINUE TRIP

SEWARD, Alaska, August IS P).-
Naval planes making a survey of
Western Alaska departed from here
yesterday for Kodiak Island and
Cooks Inlet points.
Squadron will continue to base
here for the present, while Squadron Z
will move on to the Cordova district.
There are six planes in each squadron.
The planes will all assemble at Sitka,
frst capital Of Alaska, August l8.
Evening star., 1934-08-15
COTTON CONTRACTS LET

Contracts for SOFIA bales of Amer
ican upland cotton for immediate de-
livery were awarded yesterday to 2l
companies by the Federal Surplus Re-
lief Corp.
The cotton will be made into mat
tresses and comforters for the needy.
1t will be fabricated in women's work
rooms by persons receiving relief
through work projects under State
emergency relief administrations.
Evening star., 1934-08-15
1ratha.

ABELL. ELIZABETH LaURENsoN. on
Inesdsy August = IL rrIi I934 a, bN xeEs HsN-
widow Of Edwin F. Abel OF Baltimore,
Md Funeral services on Friday. Au
gust Il. at 10 am. at the Baltimore
AMaNTI. JOSEPH. On Tuesday August
IL 1894. at his residence 1916 Eve st.
ne, JOSEPH. beloved husband of JOS
residence on. Thursday, August le. at
$50 am: thence to the Holy Rosary
Church. where REQUIEM mass will be said
Interment Mount olivet Cemetery Is
BARBOUR. ELLA ADELE. On Tuesday,
August IL 1884, ELLA ADELE. beloved
wife OF William Horace Barbour. Fu-
neral services AT her late residence.
Il4O Nichols ave. sc. Thursday, Au-
gust q. at pm. lnterment in Cedar
Hill Cemetery.
BARMoRE. ALBERT G. On Sunday,
ALBERT G., beloved husband of El,
Carrie Barmore. He also leaves 10
brothers Remains resting at Stewart's
funeral home, 30 st. ne, until
hs iste fesdence qSes' 1870 Ksorama I'd
NV Funeral Thursday AuguSt l Il. at
, pm. from Northeast Baptist Church.
;ardd st between d and sts. ne, Rev
BERRY. HENRY CAPLETT. On Sunday
pital HENRY CAPLETT BERRY. be-
loved son of Maude Caplett Berry,
brother Of Emanuel Berry and nephew
OF Mabel Caple;t. He also leaves other
relatives and friends. Remains resting
at the w. Ernest Jarvis funeral church.
lI3! You st NV, until p m We'd
, neSday; thereafter at his late residence,
4Sj c st. S.w. Funeral Thursday. Au-
gust 10, at pm. from Zion Baptist
Church, Interment Lincoln Memorial
Cemetery.
BURTON. MARY A. Suddenly. on Mon
day, August IL. 1894. at her residence.
5IO6 Conn. ave. NV, MARY A, wife
OF the late Eugene A Burton and daueh-
ter of the late Daniel and Catherine Dom
ovan and beloved mother of Mrs. Eugene
Heard Allen and Daniel Burton. who
survive. Funeral from the residence OF
her sister Mrs. Carl D. Ritter, No. 3
West Thornapple ST.. Chevy Chase. Md.
Thursday. AUGUST 16; thence to the
Shrine of the Blessed Sacrament where
mass will be offered at am. Inter
ment at Mount Olivet Cemetery. Rela-
tiveS and friends invited. To-
Evening star., 1934-08-15
Marriage Licenses.

l5o Kfstsrson. EST r., ?G ;.I 4I4 18th St i
s.: Sc: Rev. Otho A. Eure.
Cubbin. 81 both OF Chevy Chase. Md;
Rev. T. J. Crowley
Oliver VI, Stewart. -, 1853 ID St. and
Mabel c., Easton. ???. 2l10 Flagler pl.;
Rev NJ. l. Gumbleton.
Robert A. Hill. A., and Ophelia B. Scott.
~. both of Gordonsville. Va; Rev. J. E.
John 7. Leftwich. 81. 1917 Columbia St,
and Edith V. Wheeler "a. 1918 Column
bia st: Rev. w C Wheeler.
Rev. Howard ID. Jones. 81. 1897 Corcoran
st. and Eunice F. Carter. 30. 1453 Cor
coran st: Rev. F. w. Dixon
NJ, Robinson. 40. A G ST.; and Ida Will
liams, g.. 702 I'd st; Rev. Isaac
Charles ?. Marlatt. IS Scranton. Pa. and
Nell R. Andrews. }.9 of WASHINGTON;
Judge r. E. Mattingly.
Clyde A. Thurston. 2I. and Helen A Madi-
son 1S. both of Richmond: Rev. L. 1.
McDougle
Flossie NJ. Tillotson. 26. 1910 K ST.;
Rev. Robert J. Shores
Thomas F. Brennan. AZ. 1916 F St and
Kathryn G. Shine. -. Phoenixville. Pa
Rev. G. B. Harrington.
Jesse " Holmes, 40 zoos 9TH st. se and
Emma jackson. A.. Homestead. Pa:
Rev. w. d. Jarvis.
Evening star., 1934-08-15
JACOB D. FAUNCE RITES
HELD BY NAVAL LODGE
Member of Faunce & Brooke Firm
and Native Washingtonian
Given Masonic Burial.

Funeral services for Jacob D.
Faunce. 43. who died last Thursday
in Albuquerque. N. M, were held
yesterday at the j. w. Lee establish
ment. Burial was in Congressional
Cemetery with Masonic rites. con-
Quoted by the Naval Lodge of WASH
lngton. Mr.. FaunCe belonged to the
Dove Lodge of Richmond.
A member of the firm of Faunce &
Brooke, wholesale produce, Mr..
Faunce was a native of Washington.
Before he started in business, in 1928,
he had been produce manager of the
southern region for the Armour Co.
of Chicago.
He is survived by his widow, Mrs.
Eva Willard Faunce; a daughter,
Shirley, 8; his mother. Mrs. J. r.
Faunce; a brother. R. T. Faunce, sea
food merchant here, and sister,
Mrs Mary Edwards Of Cedar Rapids,
Iowa
Evening star., 1934-08-15

1879 he graduated from Columbian
College, now George Washington Uni
versity, and was appointed second
lieutenant. Promoted to captain of
Infantry in 1898, major in 1903 and
lieutenant colonel in 1911, he retired
at his own request a few days after
his last appointment, having served
for 80 years.
He is survived by son, Col. Joseph
X. Particle. General Staff Corps. on
duty with Headquarters, Sd Division,
Fort Lewis, Wash.
Evening star., 1934-08-15
Pons Case Probe Ordered.

BUENOS AIRES. August IS (P.-
The judge who issued the order of
attachment on the possessions of Lily
PonS, the singer, Saturday night yes
terday initiated an investigation to
determine if the police had been over
Jealous in complying with Instructions
Evening star., 1934-08-15
Workman Found Dead.

George w. Travers, 80, colored, an
employe of the G. B. Mullen Con-
struction Co. Brentwood road and
Twelfth street northeast, was found
dead in the watchmen's shack there
yesterday. Death resulted from nat
ural causes. according to Coroner A.
Magruder Macdonald.
Evening star., 1934-08-15
BURIED IN ARLINGTON
Lieut.. Col. Joe r. Brabson Given
Full Military Honors.

Funeral services for Lieut.. Col. Joe
r. Brabson. Field Artillery, who died
Monday in Walter Reed Hospital, were
held this morning in st. Adams
Church. Burial followed in Arlington
National Cemetery with full military
honorS.
The following officers acted as hon.
orary pallbeareIS; Lieut.. Gen. Robert
Lee Bullard, retired; Maj. Gems. Stuart
Heintzelman. Upton Birnie. Edward
Croft; Col Charles D. Heron. and
Lieut.. Coils. William F. Jones, Sherman
Miles and Adna R. Chaffee,
Evening star., 1934-08-15
Asks $5,O25 for Dog Bite.

LOS ANGELES. August Is (P).-
Describing himself as a victim of
bites by Junior Durkins black Scotch
terrier, Jerry Jen Jenkins, Salt Lake
City, sued the young movie actor and
his guardian, Grace Durkin, for $5,025
damages yesterday.
Evening star., 1934-08-15
JACK MAYFIELD DIES

Arkansan Was Brother-in-Law of
r. F. c. Attorney Here.
and Mrs. H. F.. Mayfield of Huttig,
Ark, died here last night, about 10
days after he was operated on for a
bone malady.
He was visiting his sister, Mrs. John
A. GoSnell, jr.. whose husband is an
attorney for the Reconstruction FL
nance Corp.
DR.. and Mrs. Mayfleld were here
when their son died and plan to take
his body TO Huttig today.
Evening star., 1934-08-15
1T. COL. PARTICLE DIES;
FORMERLY LIVED HERE
Retired Army officer Succumbs
in San Francisco-Retir
in 1911.

Lieut.. Col Joseph M. T. Particle,
retired, former resident of the Dis
trict, died August IL at San Fran
cisco, the War Department announced
yesterday.
Born in GAINESVILLE. Ohio, in 1854,
Col. Particle entered the Army as a
private from the District in 1873. In
Evening star., 1934-08-15
THE WEATHER

District of Columbia-Fair tonight,
tomorrow showers; not much change
in temperature; gentle variable winds.
Maryland-Fair tonight; tomorrow
partly cloudy, probably showers in the
interior; not much change in temper
ature.
Virginia-Fair tonight; tomorrow
partly cloudy, probably showers in
north portion; not much change in
temperature.
West Virginia-Partly cloudy. show
ers in northwest portion late tonight
or tomorrow and in south and east
portions tomorrow; slightly warmer
in northeast portion tonight.
River Report.
Potomac and Shenandoah Rivers
very cloudy today.
Evening star., 1934-08-15
Births Reported.
Robert and Margaret Lynch. twin boy an

Robert and Margaret Lynch. twin boy and
girl.
Eugene and Marguerite stumpf. twin boys
David and Linda Ayres boy
Edward and Mary Mcconnell. boy.
George ana Jane McCouiey. boy.
Dewey and Emma Garrett boy.
BENJAMIN and Merle Vernon boy
Matthew and Frances Jack SON. boy.
otho and Eleanor Beamer boy.
June and Marie Wailmark. boy.
Joseph and Leah Kaplan. boy.
Hunter M and and MAJ MaTgareqe nF1eiSiT Milford Roy boy
Norman and Dorothy Brooks. boy.
Frank and Margaret ,Mulgannon, boy.
Henry and Helen Sullivan. girl
Robert and Dorothy Saffell. girl.
William and Lille Fletcher. girl.
Arma and Leona Rush. girl
James and Mildred Baden. girl.
Greer and Carrie Dennis. girl.
William and Ruth CurleS. girl.
Albert and Mary Warren. girl.
MaTtfn and aenretts RYs sGhp6ert girl
Thomas and Mary Baxter. girl
Albert and Frances Diddon, girl.
Edwin and Anna Morris. girl.
Russell and Bernadette Elliott. girl.
Daniel and Lura Myers girl.
William and Doshie Ellis, girl.
Rarron ROY snd snd Kt6rns Ktoi5t Rnadsl Dqy how
Forrest and Katie Payne boy
aaron and Sophia Crowell. boy.
DonelSon, and Sally Classic. boy.
Dean and Madeline Kimbal boy
Giavangamill and Mary Vecchiarelli. boy
Ralph and Ann Johnson. boy
John and Doris Winfield boy
William and Margaret Lerch. boy
Charles and Virginia Langyher. boy
Edward and Eva Lewis boy.
Henry and Rose Gay boy
Myer and Clara Needle. boy
Patrick and Ethel Garner boy.
Daniel and Helen Scanlon. girl
Charles and Theresa Parker. girl
James and Mary Ferguson. girl.
James and Jennie Tippens. girl.
Vincent and Kathryn Shields. girl.
Lester and Alice Burrows. girl.
Michael and Jenny Roscoe. girl.
Ben and Bessie Bortnlck girl.
Gus and Ida Daniels girl.
George and AGNES DE Grasse girl.
William and Alma Ramsay girl.
Yancey and Eleanor BvingS. girl
Otho and Nell Williams. girl
Joseph and Edith Cannon. girl
Allen and Mayblossom Lewis. girl.
Norman and Marjorie Kendig. girl.
Clifton and Eva Hemsley boy.
Joseph and Cora Coleman. girl
Thomas and Margaret Barker. girl.
Evening star., 1934-08-15
FOUND.

FOR LOST ANIMALS apply Animal Res
cue League. II o st. NV. North $3.50.
TIRE '3l Buick sedan on red wheel at
] 1th and Mass. ave. NV. Reward. I'LL
18th NV. Apt. /.
WIRE HAIRED TERRIER. Telephone
Cleveland 132O
Evening star., 1934-08-15

Meeting, American Legion Women's
Auxiliary, Vincent Costello Post, May
flower Hotel, pm.
Evening star., 1934-08-15
CITY NEWS IN BRIEF.
TODAY

Meeting, e Dorado Club, Hamilton
Hotel, pm.
Evening star., 1934-08-15

Public affairs forum. Young Dem
ocratic Clubs of America, District di-
vision, Willard Hotel, s pm.
Evening star., 1934-08-15
TOMORROW.

TOMORROW.
Meeting. Retail Opticians of Amer
lea, MayfloWer Hotel, 10 am.
Luncheon. KiwaEis Club, Mayflower
Hotel, 1890 pm.
Luncheon, Board of Trade, Hamil-
ton Hotel, 1890 pm.
Meeting. National Resilient Floor
ing Association, Hamilton Hotel, 8
am.
Evening star., 1934-08-15
LOST.

Lost and Found advertisements
for the daily Star ,DiH be accepted
Mondays to Fridays, inclusive, up
to noon day OF issue. Saturdays
and legal holidays up to 10 am.
day OF issue. For the Sunday Star
up to il pm. Saturday.
BAG. straw. containing lady's alligator
Sunday. Reward. Lincoln 3191-J. To-
DIAMOND SETTING. "a carat. vicinity
14th and Irving to Park rd. or Sacred
Heart Church. Saturday nisht or Sunday
morning. Reward co. 0163-J.
FOX TERRIER. small. cor N Y. ave. and
9th. black and white body. tan head; re-
ward. Call Walnut S45l
GLASSES. gold rim. lost in OF. near Dis
trict Bldg. Monday morning between 10
and l. Phone Atlantic CLIO Reward.
POLICE BADGE .s24. on street last few
Vearry 1859 E st. ne. Ii. 6609-J 16'
SCOTCH TERRIER, black. female: collar
and tag. Reward. 1893 14th st. NV.
SONOTONE HEARING INSTRUMENT. in
case. on Conduit rd. Call DI 0330, Br.
ia. during Office hours. Reward. 19'
TRAVELLING. BAGS. brown. one Gladstone
and Upper. from car parked at $500 14th
NV. Monday. Aug. 13. SO reward. MA.
1857. 1912 F st. NV.
$50 BILL. on 14th St NV. or in Arcade
Market, about Tuesday noon. Reward.
Adams 1882.
Evening star., 1934-08-15
FOREIGN.
EohEhoNs
q Am. Greenwich time TO-DAY J

Moon. GreenWich time, todayD
Horta FayaD Azores. -. "A Rain
(Current observations)
st. Georges. Bermuda >. so Cloudy
San Juan. Puerto Rico. So Cloudy
Havana Cuba ba "a Cloudy
Colon, Canal Zone , 76 Cloudy
Evening star., 1934-08-15

$40 BILL on 14th st. NV or in Arcade
Market, about Tuesday noon. Reward.
ADAMS 44So
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
G. 0. P. PRESS
/ TO NAME SITE
I FOR MEETING
Editors, Party Heads Will
Visit Lakes to Plan
Annual Outing.

A committee viii visit Lakes Wa
vase and Manitou this weekend
to decide on a site for the annual
outing OF the Republican Editorial
Association in September. when
the Republican fan campaign will
be launched officially.
Republican candidates met here
yesterday with State Chairman Don
Irwin. II was decided 10 eliminate
the so-called candidates commit
tee which in past campaigns has
operated independently Of the state
committee.
Decision to drop the candidates
committee was regarded as signi-
ficant of peace in the Republican
camp because It has been reported
that Senator Arthur r. Robinson
might use the candidates oTganiza-
ton to wage an independent cam
paign.
Apparently. the breach caused by
his fight with the state committee
prior 70 the state convention has
been closed. III in Washington.
Senator Robinson did not attend
the meeting yesterday He was rep
resented by Arch Mersey, one of his
secretaries, and George r. Jeffrey,
former district attorney.
Members of the committee which
will decide on a site for the editO-
rial outing are Mr.. Irwin, Harry c.
FentOn. state committee secretary;
Harry Thompson. Versailles, presi-
dent Of the editorial association;
Neil MCCallum. Batesville, aSsOci-
alton secretary. and Paul Bausman,
Washington, former president of
the association.
Mr.. Irwin Will meet with Repub-
Ican congressional nominees next
week and July Is will start a series
of organization meetings with cOun-
ty Chairmen and vice-chairmen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Indiana in Brief
BIZ Tfmes Special

II OKONo June Howard syear-old county
N hospital indianapolis
for the Of the last sixty
made and 1t is said he
discharged
the home Of
LOOMS mother.
have believed
property other
the LOOMS home.
period
the of his
He returned
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Brothers Punished

COLUMBUS, June 29.-Convicted
of stealing a pistol from the home
Of George Grandstaff, penal farm
term of three months and q fine Of
$40 was imposed in Bartholomew
circuit court here upon Frank Heitz,
father of seven children.
Heitz, a federal emergency relief
administration worker, stole the
weapon more than two years ago,
but it was not found until recently.
Joseph Heitz. brother of the
convicted man, appeared at the trial
in an intoxicated condition and was
fined SIS and costs.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
THE INDIANAPOLIS TIMES

nineteenth annual convention Of the
Atlantic district, Lutheran Missouri
synod.
There has been deplorable de-
generation in the moral ideals of
our American youth together with
an alarming increase in juvenile de-
linquency, due, in large measure to
the debasing moral tone of the
moving pictures" the resolution
charged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Aid Given Farmers
BIZ Times Special

WEST LAFAYETTE, June 90
Program to aid farmers in offset
ting some Of the loss occasioned by
drought and chinch bugs is an
nounced by specialists of the Pur-
due university agriculture depart
ment.
The specialists point out that
emergency hay pasture, silage and
cash crops may be planted now with
the chance that they will mature
sufficiently to obtain some yield
from devastated fields.
Crops suggested for planting are
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
Navy Places Huge Order

NEW YORK, June 29.-An order
for s1,7OO,OOO in propelling equip
ment for seven new U. S. coast
guard cutters has been received by
the Westinghouse Electric and
Manufacturing Company from the
u S. NAVY.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29

soybeans, cowpeas. sun1owers, rape,
buckwheat, pumpkins, squash and
stock bets
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-06-29
LUTHERANS JOIN DRIVE
ON INDECENT MOVIES
Resolution Is Adopted at Conven-
ton in Albany.
By United Press

BIZ United Press
ALBANY, N. Y. June pa reso-
luton aSsailing indecent" motion
pictures and urging a united cam
paign by citizens against such
movies was adopted yesterday at the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-11-03
A SERVANT OF INDUSTRY

A THOUGH the question whether recov-
L n cry should precede reform still is unset
tied there is one field in which majority
opinion unquestionably wants to see reform
take precedence That field is the stock mar
ket
The measures passed by the last congress
have not been in effect very long, but it is
not too early to glance at the situation and
see whether anything more needs to be done.
John T Flynn recently wrote an extreme
" penetrating analysis of the whole stock
market situation. In his final article look
ing to the future, he suggested certain steps
that might be taken to prevent Wall Street
from regaining its old dominance over our
economic life.
To begin with, he asserts that our whole
financial system needs recasting. He would
have national banking system, complete
divorce between savings and lending inSti-
tutions, further restrictions on the activities
of brokers, revision of our corporation. laws
to require federal charters for all firms en-
gagged in interstate commerce, and abolition
of all holding companies.
Second, he would have all such restrictions
that deal directly with stock exchange &C
tivities written solidly into laws which the
securities exchange commission would be di-
rected to enforce. Under the present law the
commission makes its own regulations on
these subjects.
This, says Mr.. Flynn, puts the commission
under direct pressure from Wall Street to
adopt a liberal" attitude, and may eventu-
allv result in notification of the peoples will.
In discussing any such measures, it is i'm
portant to keep clearly in mind the I'M
DERIVING purposes of this or any other fnan-
cial reform program.
The things we have learned since October,
1929 prove pretty clearly that our financial
machinery got badly out of gear in the last
decade. The machinery of finance, credit and
exchange exists to make possible the func-
tioning of a large and complex industrial So
ciety. 1t became perverted. 1t grew to be
an end in itself.
1t got so that it was more important, and
more lucrative, to perform sleight-of-hand
tricks with this financial mechanism than it
was to produce the goods and services which
the nation needed
AL that the reform program seeks to do Is
to restore a proper balance. Finance must
become industry's servant again, and not its
master. Continuance or modification Of the
reform program should be judged on that
basis.