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Evening star., 1934-12-04
2:30 pm.
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-l934 Stocks and s
High. Low. Dividend Rate. Ac
llh 6 Adams Express. -.
1ls 6& Addressograph. 80.
9ss 47s Affiliated Prod (60c)
1l3 9ls4 Air Reduct'n t4l1..
3ss 1s Airway Elec Appli..
23TA 1864 Alaska Jun Gil. 1.20).
5h IN Allegheny Corp. -.
16ls 5A Alleg Cp pf $40 WV.
14ss 81 Alleg Cp pf $40 WV.
14ss s Alleg Corp pf xw...
1908 115h Allied Chem (6)....
23as 10aA Allis-Chalmers. -.
20% III Alpha Port Cement,
7& 21s Anal Leather. 80.
55as 80 Amerada Corp (2)..
25N 111a AM Bank Note. 80.
501s 40 Am Bank Nte pf go
38 1871 Am Brake Shoe soc.
1879 90A Am Can (t5).......
1921 l261a Am Can pf O.....
337s IL Am Car & Foundry,
56la 80 Am Car e Found pf.
12A Az Am Chain. .........
40 19 Am Chain pf .....
621a 20s4 Am Coucl Alcohol.
1871 6h Am Crystal Sugar.
72A 461a Am Crystal Sug pf.
5 IN Am Encaustic. .....
101a An Am European Sec...
1884, 4la Am & Foreign Pwr..
25 IL Am & For Pw pf 60
80 1l% Am & For Pw pf 60
171s 6ls Am & For Pw I'd pf.
22ss 101a Am Hawaiian SSU
36as 261A Am Home Prod 2.40.
10 3k Am Ice Co. .......
1884, 14la Am Locomotive. -.
74ss 35la Am Locomotive pf..
22A l2as Am Mch & Fdy d..
10 Az Am Mach & Met eff.
27ss 1874 Am Metals. ...
I'm By Am Power & Light.
297s III Am Psi Sc pf Il Il } y
1874 10 Am Radiator. ......
2Sh 131s Am Rolling Mills. o..
CAS- SO Am Safety Razor(D
80 l75s Am Shipbldg co..
51A 30h Am Smelt & Ref.
II Asa. Am Snuff (f3A)....
1874 LOG Am Snuff pf o..
26Ia lO1s Am Steel Foundry.
81 595s Am Stl Fdry pf CD.
44A 81 Am Stores (f2lD..
II 46 Am Sugar (2)....,
1921. 1882 Am Sug pf G).....x Z
"a l3s. Am Sum Tob (t1A)
1854 l00S Am Tel e. Tel (9)...
S5la 65h Am Tobacco 3D..
SO CT Am Tobacco B (O..
2Sa4 7s4 Am Type Fdrs pf(k)
27ss 12s. Am Water Wks %.
so 81 Am Wat w 1st co..
17h Z Am Woolen. ......
S3A Sc Am Wool pf (h2hD.
A. l Am Writ Paper tk).
ITS. 10 Anaconda Copper. =.
II Anaconda Wire. 80.
24a. 13ls Anchor Cap (60c)...
1861 s4 Anchor Cap pft6l2)
3sh 26A Archer-Dan (t112)"
116l4 10 Archer-Dan pf CD..
1OOas T6N Armour Del pf o..
6s4 3ly Armour of Illinois.
TIA 46k Armour III pr pf 60
Sss 3 Arnold Consta BILE. ..
10I2 Al. Artloom Corp. 80.
lSI II. Asso Dry Goods. -.
73s. 451. Atch To & S F (h2).
80 70ls Atch To&S F pf go.
54L 24l2 Atlantic Coast Line.
354 2l1a Atlantic Ref d..
100 SO Atlas Powder pf CD
1914 5l2 Atlas Tack. ........
57ss 49, Auburn Auto.
Ga 39I2 Austin Mich pf A(5)
lOa4 80. Aviation Corp Del.
Evening star., 1934-12-04
PRODUCE EXCHANGE

NEW YORK December 4 LPl.-Produce
Exchange stock list:
(Noon ountatin
Evening star., 1934-12-04
Christmas Clubs Start Well.

It was reported in the financial
district today that the new Christmas
Savings Clubs for 1885 are getting
away to fine start. While the banks
have not advertised the clubs as ex-
tensively as usual, the thrift habit
appears to have very strong grip
on former members. Bankers report
that many members of the past
years clubs are joining the 1885 rolls.
In some banks both the number of
new members and the amounts sub
scribed are already ahead of the 1884
marks.
The Federal Reserve Bank of Rich
mond reports that increased activity
in the building trades in the fifth
Federal Reserve district has prevented
a drop in employment which is Gus
tomary at this season of the year.
Washington banks had substan-
tial increase in November bank clear
ings over a year ago. Baltimore now
reports November clearings as s208.-
5OO,994 against only Sl69,659,34S in
November. 1888.
Evening star., 1934-12-04
Treasury Sale Impressive.

y
The Treasury's announcement of
the closing of the books on the cash
offering of 5000 OO0,O 900 of bonds and
notes to be issued on December Is,
caused surprise and much favorable
comment among bankers here. Sell
ing S900,000000 in new issues in
single day indicates that banks and
individuals were eager to get hold the
new securities.
Treasury officials said that it was
the first time in four years or more
that a bond issue had been entirely
sold on the day of its offering. Books
were closed on both the $450,000,000
of 31s per cent bonds and the $780,
100000 of lis per cent notes last
night.
AS noted in the financial press
today, it was the first large increase
in the direct debt of the Government
since June Is and the amount of the
new funds was somewhat larger than
had been looked for in many financial
quarters.
Evening star., 1934-12-04

~ SA Zonite Products... Z 3Is SIS
Sales OF Stocks on the New York Exchanaa
Evening star., 1934-12-04

o"'eS of 0IochS Oh tne New YORK Exchange
1I.OO An ..... ZlUOoO 1900 Noon. 800 900
wv r'Nl.'.... o'uoOo 200 PM. 100000
Dividend above table are tn. annual
declarations. ~ '' ""-A-'e"iA'
Unit Of trading 100 shares Partly .xtr. Pin.
stock Plus ~ in stock this year AccnmTsted
SocK PAYABLE in cash stock in special preferred
DIVIDENDS paid this reported in eeeivehip
VI pelnE reoreanzed m Plus so n IN
stock D Plus 20 in stock Ex dividend N'1' ~ -"
Evening star., 1934-12-04

CTA OF ADOpN AohOA IS
52a4 26h Hahn Opt Stores pf.
ga 3la Hall w F Printing. {.
65 25 Hamilton Watch pf.
10ln. "a Hanna IN Al pf 60
24s4 13 Harb Walker (50c).
6la Ia Hat Corp (A)......,
Ia u Havana Elec Ry....
6L Ia Hayes Body. ......
96n "a Hazel Atlas Gl go. &.
BIN SO Hercules Pw $3.50
125 Ill Hercules P pf o..
101A S3 Hershey C pf (tO..
10A ~ Holland Furnace. D..
l3 50. Holland & Son (50c)
1904 80 Homestake NJ (t2s).
80 IL Houd-Hersh A j212.
~ ~ Houdaille-Hersh B.
81 43 House Fin pf t312)..
29A l21 Houston Oil. .......
5a 2la Houston Oil (new)..
STA 354 Howe Sound (3). 80.
12h Al Hudson Manhattan.
PAN 6h Hudson Motor Car. {.
ia Ia Hump Motors.
Askov American., 1934-03-22

rectly. The man who carries a state
gets the electoral vote of that state
equal to the number Of its senator's
and representatives in Congress.
This makes it possible to have in
dependent candidates for the presi-
dency. 1t makes it possible to start
third party movement on a national
scale. These things are virtually i'm
possible now. When La Toilette ran
in 1924, he found regular barbed
wire ENHANCEMENT of technical diff
culties in his path. Under the Norris
plan, these would be gone, and the
people would be free to pass on the
one real question:
do we want this man In the White
House; or nOt?"
Like all Norris reforms, this is a
step toward a more perfect democracy.
1t is of piece with the lame duck"
amendment, and the Tennessee Valley
Act, and the bill to curb the use OF
injunctions in labor disputes. Appar-
emily, he holds, with jefferson, that
the advances which cannot be made
by trusting power to the people cannot
be made at all. 1t there anything to
show that he is wrong?
Askov American., 1934-03-22
WRONG NUMBER
(The Ely Miner)

The attempt made to kidnap a
newspaper publisher in the hope OF
getting ransom money, is the height
of something or other. When coun-
try newspaper publishers are put IN
the class of wealthy brewers, bank
ers, oil magnates and others, it GER
tainly proves that either the kid
napers were nuts" or that they had
secured their information from some
what unreliable sources. Ask bank
er to show you country newspaper
publisher with money and he will tell
you there amt any such animal
This puts us in mind of the story,
where after SO years of thrift, in
dustry and perseverance and the death
of an aunt who had willed him $2O,-
500, country publisher died leaving
a fortune of $2O,532. However, the
country publishers are flattered by
the kidnap plot in which one of their
number was to be spirited away in
a trunk and held for ransom.
Askov American., 1934-03-22
WE NEED EACH OTHER
Duluth Labor WOrld)

When will the farmer and the la
boring man awake to the truth that
the prosperity of the farmer depends
upon the income of the working man?
These two great masses of people
have never co-operated as we'll as
might be possible, and until they do
the farmer cannot dig himself out of
his economic depression.
Secretary of Agriculture Henry A.
Wallace has told the Senate commit
tee in Agriculture that farm income
rises and falls with the payrolls of
the city workers, and he proved this
statement by statistics and charts.
The close relation between city pay
rolls and farmers income shows that
recover in the income of farmers can
not occur until the restoration of full
employment and earning power in the
cities. This is true, but it works both
ways. Steady prosperity cannot come
to city workers unless the farmers
are able to buy a fair share of the
goods produced in cities. Only when
the farmer can purchase these goods
can the worker be sure of employ
ment
Worker and farmer are bound to-
gether by bonds which cannot be sew
cred; there is no substitute for the
patronage of the other. Until farm
and city realize this thoroughly, pros
perity will remain just around the
corner.
Askov American., 1934-03-22
NOW PUBLIC PROPERTY

In his To-day" column, Arthur
Brisbane stated that Mrs. John D.
Rockefeller III, daughter-in-law of
John d. Rockefeller, Jr., authorizes
denial of the statement that she has
turned socialist" or joined the So
cialist party.
Whether this lady who was mar
ried into family with millions be-
longs to this, that or the other polit-
ical party is of little concern. We
have heard of parlor Socialists-those
with good incomes and even riches
who can talk in behalf Of others
and that does not mean much. Action
is more important. But what the
able writer, Mr.. Brisbane, thinks
about party politics is Of more con-
Germ. He adds:
MANY are socialists, not knowing
it. Socialism, properly defined, means
various theories for improving con-
ditions under which human society
is managed. Once respectable cap
ital would have called vile socialism
suggestion that the rich be taxed
to educate the poor; now everybody
Is taxed for the public schools and
few complain. Once there were no
fine parks, except those owned by
wealthy private individuals, kings and
mobiles.
ITO suggest that the finest parks
in the world should belong to the
common peOple' for their games and
amusement would have seemed idiotic
socialism. But in Chicago, New York.
Paris, London, San Francisco large
parks all belong to the people. and
are paid for by the taxpayers.
LAS for Uncle Sam, he is up to his
neck and sinking rapidly in what
would once have been called social
ism with his NRA regulations, hours.
wages and days of work in favor
of workers, his CWA spending billions
to employ the idle"
Askov American., 1934-03-22

think you could live on half of that
or one fourth Of that, and don't you
think your staff can do likewise?"
Why can't the government go to G..
w. Hill and say: Mister, you are
earning $4,000 a week. Don't you
think you could live on half of that
or one fourth of that?"
l feel that reducing these salaries
can make the hog, corn, cotton, and
wheat reductions unnecessary. The
object in either case is to equalize
prices on commodities.
Recently the Senate voted on the
soldiers bonus bill, and on restora-
tion of the fifteen per cent federal
pay cut. The bonus bill was heavily
defeated, but the federal pay restors.-
tiOn passed the Senate.
Most Of the federal employees live
in luxuries while most of the vet
Grams are in great need of money, and
would buy some of the surplus corn,
hogs, wheat, and cotton if they mad
something to buy it with.
To deprive the one who could con-
sumo and whose opulence is meager
is making things worse. l believe in
economizing on those who live in
luxuries. The federal employees do
not know what depression is except
by name. 1t is nice when one can
vote on his own salary. Paying of
high salaries to the federal employees
Is making high taxes necessary, and
it is depriving some of the lower en-
plOyes from. earning a comfortable
living. Some of the grade school
teachers are only receiving thirty or
thirty-five dollars a month, while the
teachers in some of the cities are
not getting paid at all, or at least
had to wait for their pay a long
time. That certainly is not helping
the country to dispose of its corn,
hogs, wheat, and cotton. A thirty or
thirty-five dollar a month country
grade school teacher certainly can
not live comfortably.
l have had some experience, beirg g
away from home. l have been in
seven different states of this country.
From that l know that it is not so
easy to get board and room for less
than thirty dollars a month.
Only a year ago when l was work
ing for the State Highway Department
at surveying, l could not get board
and room for less than dollar a
day, and l know young men like my
self who were paying forty dollars
a month.
To economize on the needy, 1 say,
is poor economy. To add money to
the luXuriant, is extravaganza. Civ
ing money to the veterans and low
salaried school teachers is a better
plan than giving to the federal en-
plOyeS.
ANTHONY E. KANIS.
Sturgeon Lake, Minn., March
13, 1884.
Askov American., 1934-03-22
FINGERS BURNT

L. S. Senator Thomas ID. Schall has
been rather lucky in politics to date
and considerable could be written on
that score. bringing up the history
from the time he was first elected to
Congress in the old Tenth district in
1914, and how he has preyed on the
sympathies of people.
Politically speaking he took former
Governor Theodore Christianson Ito
the cleaners" with the barrage of cor
ruption, dirt and filth that he can
throw, and so it has been with other
opponents.
But when he tries that stunt on
Governor Floyd B. Olson. whom he is
already trying to discount. assuming
that he will be his 1886 opponent for
the Senate, he gets his fingers burnt
Senator Schall stated in the Senate
the other day that CWA workers in
Minnesota are mot allowed to get
jobs unless they join the Farmer
Labor organization and pay So"
'Maliciously false" Governor Olson
replied in a telegram which he sent
to Senator Shipstead and asked to
have inserted in the Senate Record.
In part the message said:
Il admit contributions of elective
and appointive officers belonging to
Farmer-Labor party to a sustaining
fund for campaign purposes would
seem unique and peculiar to one pos
sessing the antecedents and prOclivi-
ties of Sen. Schall."
Anyone who knows anything about
politics knows that a statewide cam
paign cannot be conducted without ex-
pense. Formerly in this state, and
still prevailing to some extent, the
moneyed interests furnished the
wherewithal for the campaign. But
the men who were elected to office
were expected and did deliver ac-
cording to the wishes of those who
had the ''chips in the poker game" as
Grundy so aptly put it.
Today, in Minnesota, so far as the
Farmer-LabOr party is concerned. it
is the hundreds and the thousands
that contribute their little mite to the
campaign, not the dozen or score who
would control. Where do you think is
the greatest opportunity for corrupt
politics, in the case of the few or the
many footing the bill? Take your
choice.
Yes, Schall will get his fingers
burnt when he monkeys with fire.
Askov American., 1934-03-22
A GREAT FARM LEADER
PASSES ON
(The PrOgressive)

The sudden death of John A. Simp-
son, president of the National Farm
erS Union. in Washington Thursday
is distinct loss to the farmers of
the nation and to the interests Of
agriculture throughout the nation
which he so Loyalty served.
Mr.. Simpsons service to his farm
organization and to agriculture in
general dates back before the close
of the World war. Under his pres
idency, the local Farmers Union in
his native state of Oklahoma grew
to powerful proportions. For the last
three years he has headed the ma
tional Farmers Union organization,
and his leadership has been vigorous,
unselfish, and inspiring.
At a time like the present, when
the problem of agriculture is the
hardest confronting those who are
seeking to alleviate the burden of
the depression, the nation can i'll af-
ford to lose men of Mr.. Simpsons
type. While some disagree with his
advanced views and the interests that
have always fought against a square
deal for the farmers branded him
radical and trouble maker, ne did
not yield his position of advocating
thorough and far-reaching measures
of relief, unpleasant as his ideas may
have been to his opponents.
Mr.. Simpson had an abiding and
outstanding faith in cooperative mar
keting of farm products, and in all
his efforts in behalf of agriculture
that principle was one Of which he
never lost sight or never failed to
emphasize. He believed thoroughly
in the very name of the organization
of which he was the head,-a union
of farmers" that would stand and
work together to enforce their de-
mands and secure a just and owing
relief.
Mr.. Simpsons brand of leadership
included an able administrative abil-
ity and the ability to present his case
to the nation at large. He was an
able publicist, radio speaker, and his
speeches throughout the country never
failed to attract large and respon-
sive audiences. He was Outspoken,
frank, and avoided no issues that
were of concern to the cause to which
he devoted many years of effort.
The farmers and farm leaders of
today who must carry on the fight
which Mr.. Simpson so Loyalty espoused
can find much inspiration in his
career. His was a good fight, fear
lessly conducted. Every farmer and
every citizen who believes that per-
manent prosperity for the nation and
for the people in every walk of life
cannot be achieved without a per-
manent square deal for the American
| farmer will learn with sincere regret
of his sudden and unexpected death
Askov American., 1934-03-22
Keep School No-Party

The American public school. so far
from religious or political affiliations
that is, neither Catholic nor pro-
testant in its teachings. and no polit-
ical party or philosophy is to be
placed higher than another in that
institution.
cism of the Askov school on this
score, outside of our community.
That criticism was no different than
what might have been offered and
was offered by folks right here in
this community. Differences that
can be settled at home should be
settled there and not left for others
to stick their noses into.
About two years ago a Socialist
club was organized in this commun-
fly. Three members of that club
are members of the school board and
they persist in dragging Socialist
speakers to the school. Last year
high school pupils formed Young
Peoples Socialist Club. but apparently
it is either dead or inactive. Perhaps
it lived as long as the Liberty party
club which was organized and ex-
listed about three weeks during 1892
until folks flocked into the Socialist
club.
To be sure the adult Socialist club
has had some able speakers here the
mast winter. Without fail each and
every one of the speakers has said
that we must re-dedicate ourselves
to higher ideals, better living, work
together and for one another, or words
to that effect, and those have been
good words. They are soaking in
They make us think about ourselves
and our shortcomings. Are we as
good as we might be, or does our
human nature" not need to undergo
a change?
To those who have not previously
Askov American., 1934-03-22
BANK DEPOSIT INSURANCE
INDICATED
(LabOr)


David Lawrence, one of the ultra
conservative newspaper correspon-
dents in Washington, reports that 81
per cent of depositors in banks now
are insured against loss by the gov
ernment, and that for 80 days, there
has not been a bank failure in the
United States. Then he adds:
These facts are the result Of the
insurance deposit plan put in effect
by the Roosevelt administration"
True to the letter. But Mr.. Law
renee might have gone on to say that
the progressives in Congress had to
jam even the present limited insur-
ance of bank deposits down the throats
of squalling, kicking fraternity Of
bankers, who vowed that the financial
system of the country would be
wrecked if they had to give surety
that they would return other peoples
money.
Insurance of bank deposits is a new
fact-but far from new idea. 1t has
been suggested for 80 years or more.
Every time the suggestion was made,
a howl of protest went up from the
leading bankers that such a scheme
was radical" 'socialistic," Hinter-
ference with private business" or
whatever other slogan happened to be
in favor at the moment.
The plan was tried only after a
crash that closed every bank in the
United States. But now, conserv-
ative of conservatives reports that it
has increased public confidence and
stopped bank failures.
Askov American., 1934-03-22
CAUSES OF DEPRESSION
Editor AskOv American


Three weeks ago a long interesting
article dealing with our problems OF
depression was published in this
paper. Many good points were
brought out, and l shall attempt tc
bring out some more.
1t is very true that a great deal of
money is being spent on war ma
terials. That does lead toward de-
preston. The main thing causing
it, as l see it, is unequal distrlbu-
tion. Surplus of money and people
broke, and surplus of food and clothes
and people underfed and underclad.
During the war time when business
was good, the salaries of various cor
poration officials were increasing in
proportion to their business. AS we
already know, everybody worked for
himself trying to get as much money
into his own pocket as possible. After
their pockets became full, other
means to convey the money were nec-
asSary.
AS a result, the tremendous salaries
caused money to accumulate in banks,
and was owned by few individuals.
In about or before 1929. all producers,
big and small, including the farmers,
had an ample supply of everything;
but that does not mean that a depres-
sion should have started then because
there was an ample supply Of every
thing. Furthermore, the depression
wouldn't have started If the price on
all commodities had been reduced in
proportion to the cost Of manufactur-
ing them. Another thing was. the
salaries of high officials; they should
have come down in proportion too.
Askov American., 1934-03-22
ANOTHER NORRIS AMENDMENT
IT .ah0rl


George w. Norris, after seeing his
'lame duck" amendment adopted
unanimously by state Legislatures,
has made a start on another constitu-
tional reform. This time, he is actu-
ally trying to fix things SO that the
American people can vote for the
president of the United States.
Weird as it sounds when stated
bluntly, people do not vote for presi-
dent now. They vote for presidential
electors. Under the Norris plan, ap-
proved with some changes by the Sen
ate Judiciary committee, the electoral
college will be abolished. Names OF
candidates for president and vice pres
ident will be printed on the ballot,
and voters will mark their choice di-
Askov American., 1934-03-22

William H. DeParcQ, member Of
the Minnesota House of Representa-
tives from Staples. in the year 1888
regular and special sessions, has been
endorsed for Congress from the Sixth
district on the Democratic ticket by
is an able young man and like Frank
lin D. Roosevelt may be crippled in
his legs but not in the head. He was
an active and leading member of the
House Tax committee, thinks clearly
and speaks we'll. The Democrats
could fare much worse than to choose
man like DeParcQ.
Askov American., 1934-03-22
SOMEBODY TO LEAD
Mile Laos County Times

An uprising Of the younger Repub-
licans in Minnesota is reported and
they are demanding change of lead
ership of the party. After they get
the change in leadership all they will
need to do is to look around for some
body they can lead.
Askov American., 1934-03-22

He is good that does good to others.
If he suffers for the good he does, he
is better still; and If he suffers from
rived to that height of goodness that
nothing but an increase of his suffer-
ings can add to it; it proves his death,
his virtue is at it's summit; it is hero
ism complete.-Bruyere.
Askov American., 1934-03-22
OPINIONS OF OTHERS

(Short timely letters on topics
Of public interest are welcome,
whether or not the writer's opin.
ions conform with those of the
American. All letters must be
signed with the writer's name for
our Information. Signed articles al
ways are more effective, but If the
writer does not wish to have his
name used. 1t will be withheld.)
Askov American., 1934-03-22
FROM EXCHANGES
Editorial Comment From Other News
papers. Which May or May Not
Conform With the Opinions
of the AskOv American.)

The Minneapolis Journal: There is
virtue in political independence, if it
is not carried too far. Parties have
their place and their uses, and party
loyalty is a good thing, if it is not
carried too far Virtues carried to
an extreme become vices.