davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
BANKING GRADS
To co ON AIR

Whether Washington chapter,
American Institute of Banking,
will participate in nationwide
commencement exercises to be
held by more than 200 other
chapters on September 4 will
be decided at a meeting of the
board of governors of the local
chapter on Saturday.
Approximately 80 students
will graduate from Washington
Chapter and the membership of
some 400 would be included in
the radio commencement exer-
cises, in case the local organl-
cation decides to participate.
The exercises will be featured
in each locality by the delivery
Of diplomas to this years insti-
tute graduates. numbering 1890
in all, and by reception OF
nationwide broadcast OF an ao-
dress on banking problems by
j. F. T. O'Connor, comptroller OF
the currency, which will be de-
livered here at p. m. (E. D. ID
and carried over 70 or more Std-
lions of the National BROADCAST
ing Company.
Fifty thousand students, grad
yates and members of the. lnstl-
tute, are expected to participate
ir the exercises. which are de-
clared to be unique in the edu,
cational field, and it is estimated
that the broadcast will be heard
by over 100000 men and women
directly interested in banking
assembled in the chapter meet
ings throughout the nation.
In addition, the interest OF
bankers generally has been en-
listed to increase the effective.
ness of the event as a means OF
promoting public information re-
oarding banking.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15


for a while, based on the Admin
istration's housing drive. Johns
Manville spurted two points and
American Radiator was active.
Rails came to life with a little
runup despite the further decline
in traffic last week. Gains were
small in the carrier group, though
Union Pacific was up a point.
The motor shares marked time.
There were spurts of buying IN
Chrysler and General Motors at
times, but gains were small.
The depressing mid-week steel
industry review brought only a
mild recession in U. S. Steel, and
it later worked up to the previ-
Gus close. Other steel shares
were quiet and little changed.
Utilities were under further
pressure despite the rise in power
production for the week.
Favorable earnings reports such
as that of American Commercial
Alcohol for the six months failed
to bring any response in the
liquor group and small changes
were the rule.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
SEE D. {. FIRST
CAMPAIGN ON

Local motorists are urged by the
keystone Automobile Club to
adopt and follow a new version of
the time-honored slogan, "See
America First" 1t is, See Wash
ington First"
Officials of the motor club are
convinced that literally thousands
of motorists here are but little
acquainted with many of the
beauty spots and points of out
standing interest within the con-
fines of the District Of Columbia.
Local motorists, in many
cases, never have toured Wash
ingtOn Systematically, and as a
result, they have missed much
that is worth while in their own
home city.
Thousands Of car owners
drive to out-Of-tOwn points and
back, following the most direct
possible route. LeiSurely plea
sure driving within the city, off
the beaten trail, is something
few think of as in the early days
of motoring. In consequence,
many local motorists are not
enjoying the stimulation of new
or little known sights which are
available within this immediate
area to any person owning an
automobile.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
COLD SHIPMENT
LEAVES j. {.

The Government yesterday dem
onstrated its willingness to support
the dollar on the devalued basis OF
1905 cents by granting a license
for the first export of gold since
the United States returned to a
definite gold standard last Feb
ruary.
Permission to make the export
was obtained by the Guaranty
Trust Company, which immedi.
ately announced it had withdrawn
81, Zoo, 900 from the vaults of t h e
Federal Reserve Bank for ship
ment to Paris on a straight ex-
change operation. The steamer
Manhattan, leaving today, will
carry the cargo.
The announcement dispelled
much of the doubt existing in in
ternational monetary circles re-
garding the free working of the
gold standard in the United States.
It also impressed on the market
that, inflationary talk to the con-
trary, the Government would per-
NIT gold to leave the country un-
der certain exchange conditions.
Banking circles saw more than
a coincidence in the fact that the
gold withdrawal was handled by
a banking institution believed to
have been agent for the United
States Treasury in gold purchases
abroad last spring.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
FUTURE
TRADE NARROW

NEW YORK, Aug. IS G.N.S0.
The cotton market marked time
TODAY as futures moved within an
extremely narrow trading range a
point or so above the previous
close. General strength in for
eigin cotton martS was offset by
weakness in the Chicago grain pit
and irregularity in stocks. .
The local market opened l point
higher to "a lower, despite Liver
pool cables that were nearly a
dozen American points above due
prices, and moved slightly higher
in subsequent dealings on hghtt
buying orders from scattered
sources.
Trade interests were in the ring
for small amounts OF cotton, as
were commission houses and the
continent. Offerings were limited
after the call, with most OF the
selling coming from locals ana the
South.
Southern dispatches continued
of much the same character as IN
recent weeks. The only rain IN
Texas was SO inch at Port Arthur
on the east coast, and maximum
temperatures averages over lOO
degrees for the State. Oklahoma
was a shade warmer, with light
scattered showers.
At the noon hour futures were
2 to 3 points higher, with october
I'D 2 at 1885, December up at
1850, March up 3 at 1856, ana
May up 2 at 1871.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
BusinessN News
Spotlight

Seized" silver turned in at
New York Monday and yester-
day totals $4,000 ounces. =.
Housewives are canning more
foods this summer than at any
other time in history, according
to Owens Illinois Glass Com
pany. . Sumner Welles, Assist
ant Secretary of State, reveals
that a reciprocal trade treaty
with Cuba Is near completion
E. Iron Age estimates steel pro-
ductiOn at 22 per cent, COM
pared with 271a per cent last
week. One million dollars, the
first gold shipment from this
country since the return to the
gold standard, was sent to
France yesterday. The canned
goods market in Philadelphia
is experiencing the biggest
boom in its history. LOadingS
thus far reported indicate an
increase for the week ended
August II.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
HEAVY SELLING
HITS GRAINS

CHICAGO, Aug. IS G.N.SO.
Uncertainty over the Govern
ment's crop plans for next year
brought in heavy selling of grains
at the opening here today and
wheat and corn tumbled about
112c.
The market later, however.
rallied under the leadership OF
corn which climbed back to the
previous close but the recovery
attracted further liquidation in
wheat and a sluggish tone pre-
vailed.
Near mid.session wheat was Is
to 1bc down, corn unchanged to
1sc up, oats 3s to 12c down and
rye zee down to PC up
At the lows today wheat was
off 10Ac from last Fridays high,
corn 61ac, oats INC and rye
424c.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
FIRE CHIEF" AID.
DRIVE PLANNED

The Texas Company, makers
of Texaco Fire Chief gasoline
held a meeting last night at the
Willard Hotel which was at
tended by 357 Texaco dealers
and station managers. H. L. Al
Ian, of the Texas Company
opened the meeting.
The dealer gathering was to
familiarize them with the 1alI
campaign and Texas officials re-
vealed the breaking within few
DAYS of an enormous newspaper
advertising campaign which Will
be run in Washington, as a test:
Broadsides illustrating a series OF
newspaper ads were exhibited.
The 1884 newspaper ads are
strikingly illustrated an d the
dealers were impressed with the
forceful messages which will ap-
pear, starting the latter part OF
this week here.
DR.. BrlQgemaN, VI CIAe ouA 0""
of Standards, talked on Govern
ment Gasoline Specifications" j..
J. Clark talked on "Texaco Specl-
fications." w. w. Payne, H. l..
Allan and j. M. Hackney, OF the
Texas Company, talked to the
dealers about service.
Kirk Miller, sports editor OF
The Washington Times, talked
on sports and its relationship to
business. Ralph De Palma who
has 26 years of racing history
behind his career, gave talk on
gasoline consumption. Charlie Ed
wards and Mary Mckay furnished
entertainment for the dealers
and the meeting was followed by
a buffet supper.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Hog Supply $4,000;
Prices Unchanged

CHICAGO, Aug. IS. u.N.S.l
Receipts of hogs today were $4,000
including 5000 for the big packers.
Statesmen we're asking Is to 20
cents more and choice heavy were
held at $6.25 but the early top was
Sc. the same as late Tuesday.
Supply of commercial cattle was
10000 which was too large Tor
trade requirements. Bids were
mostly IS to IS cents lower on
steers and COWS. Choice yearllng
.heifers and calves ruled steady.
The supply of lambs was rather
large at 1000 and resulted in a
weak Is cents lower market.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Pacific Gas Profit
Declines Slightly

The Pacific Gas and Electric
Company net income for the six
months ended June 30 amounted
to $8,297,859 after charges and
deduction of $1,075,04O for gas
revenues in dispute, equal after
subsidiary and parent company
preferred dividends to 81 cents
a common share.
This compares with $9.470,505
in the first half of 1888, when
no deduction for rates in dispute
was necessary, equal to 81 cents
4 common share. a
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Shoe Production
Declines in June

Production of boots and shoes
in June totaled 27,783,201 pairs,
against 1888, 500 in May and 34,-
S61. 1923 in June, 1888.
1 For the first half Of 1884. out
Iput totaled 187.072.190 pairs,
against 173,134,062 in the first
half Of last year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15

flationary en-
thusiasm which
accomp a n i e d
tn shipment
of gold abroad
and the sharp
recovery in the
dollar weighed
down the COM
modify stocks.
Mining shares
lost one to two
points be f or e
support brought
a rally.
B uild i n G
shares monopo-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Dollar Moves
Up Sharply

NEW YORK, Aug. Is (I.N.SO.
The Treasury'S action in sell
ing $1,000 900 gold for shipment
to Europe yesterday sent the
dollar sharply higher today in
terms of the French franc.
The table:
NEW YORK. Aug. tx GN.s.l
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
MISCELLANEOUS stocks
OIL OUTPUT UP

Daily average production OF
crude oil in United States in week
ended August II totaled 2,587 SOS
barrels, an increase of 5,844 bar
rels over the preceding week, &C
cording to the Oil g. Gas Journal.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15

writer for
The Wash
/ n /. t o n
Times, will
be away
until Sep
t e m b e r.
His daily
c Olu m n
will be re-
Suned in
this space
a t tn . t
t / m e.
Watch for
his articles
on the de-
velOpment
Of the gene
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
R ALL BUILDING
SHARES UP ON
DULL MART
BY LESLIE GOULD

NEW YORK, Aug. IS GN.S).
Flurries in various groups marked
trading in a quiet stock market
today.
Temporary disappearance of in.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
WASHINGTON STOCKS

Washington Gas SIS, 1858, 1000
OCT.
Capital Traction Co, 10@2312.
Mergenthaler Linotype, Scala.
AFTER CALL
Potomac Electric 512 per cent
pfd., 1@112; 1@11112.
Capital Traction SIS, $1,000@86;
$500@86.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Haney Away Till
September

Lewis Haney, professor Of
economies Of New York Uni
versity and daily financial
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15

Montreal funds In New York. $24.37h
premium on $1,000
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15

veIonment Lewis Haney
Of the general economic stu
alton.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Volume Yesterday
$4,000 Shares

--1934-
High Low
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-08-15
Net

(aj Optional stock o. Parity extra. (cI Extra
stock and cash. ca Extra in stock Paid in 1888.
~ On Of accumulaons. (g) No regular
latest payment. (h) Payable in stock (m) Special
(n) Paid this year (ww) With (1w) Without
60 Ex-dvidend Ex-rights.
Dividend rate in dollars in parenthesea (Nots)
dividends published through regular dividend period.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
O. Fat FOlke Lose
Weight = Feel Fine
Lose Fat This S summer : Keep
Cool = Look and Feel Younger

Mrs. Jessie Martin of San Fran
cisco is happy because she has
discovered the right, safe way to
reduce-read her letter:
81 have taken kruschen Salts a
month and find great benefit.
have lost ID lbs. in that time and
would lose more if ! stuck to a
diet as | should. | take them
every morning regular and hope
others will profit by them as i
have" ..... e.. b..
We have letters from men and
women who have lost as much as
100 pounds of fat---from people
who have reduced high blood
pressure - from folks who have
no more bloating or shertness of
breath. ..... .......
Kruschen helps stomach, liver,
bowels to function properly - in
creases physical attractiveness all
while losing unhealthy fat. Just
take a half teaspoonful in a glass
of hot water every morning be-
fore breakfast-get it at Scruggs
Drug Store and druggists every
where. = adv.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
EARRING TON
SCORES LABOR
Says II Is Menacing the
Welfare of the Recov-
cry Movement

MIAMI, Fla, June 21.-Ameri-
can labor is menacing the welfare
of recovery to such an extent that
the greatest experiment in dem
ocratic gOvernemnt" may be
headed for failure. Leslie B. Far
rington. Of St. Paul, president of
the United States Junior Chamber
of Commerce, charged before the
annual convention here today.
These charges were made at the
Miami Biltmore hotel where a
month ago dozen labor leaders
pa, ticipated with Colonel Henry
l. Doherty in a recovery institute
which outlined the part labor play
ed in the success of recovery.
"Scenes like the Minneapolis
truck drivers strike and other la
Dor upheavals are too fresh in the
mind to think of anything but a
large share of the responsibility
of retarding recovery rests
sQuarely on labor's shoulders.
Those of us witnessing the calam-
itv knew that capital was saddled
with restrictions and regulations
and could do nothing more than
twiddle its thumbs while represen-
tatives of labor were directly re-
sponsible for the awful destruc-
ton of property, and the injury
and death of innocent person >"
he said.
President Roosevelt telegraphed
congratulations to the chamber
for It's aid in recovery.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21

order, all such measures and
forms of relief to be carried out
in conformity with the course and
practice of courts of equity of
general jurisdiction"
EXPLAINS ACTION
Concluding, the city argues:
Nothing in this pleading al
legged is to be construed as claim
or contention of the defendant
that the court has any right or
power to scale or reduce any OBJ
legation of the defendant. On the
contrary, the equitable relief
which the defendant seeks by this
counterclaim and cross-action is
comprehended under the follow
ing heads: (1) The prevention of
a multiplicity of actions; (2) the
adjudication Of the divers prefer
ences, equities and trusts of par
ticular classes Of creditors arts
ing under their several contracts
and the statute law of the state;
CD the adjudication from time
to time of the rights and duties
of the defendant (city) in respect
Of the appropriation of all such
funds as NAV. come to the hands
of the defendant either through
the exercise of it's taxing power,
or by the conversion of such sur
plus properties as it owns or may
hereafter acquire, as between its
necessary governmental services
and its debt services; and (4) the
equitable ALLEGATION to the credi-
tors in different categories of all
such funds as may come to its
hands from any source, over and
above funds specifically allocated
by law, or required for necessary
governmental expense
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
KYLES CREEK

KYLES CREEK. June 21.-Re-
cent rains in this section have
been of much benefit. Some Of
the farmers are getting behind
with their work.
P. A. Barnwell and son, Napo-
leon, made a business trip through
this section Friday. @
Mrs. Elijah Edmonds, who has
been i'll. is able to be out again.
D. J. Rhodes was among the Wis
itorS at the airport Sunday.
IS Mr.. and Mrs. Otis Rhodes and
Miss Margaret Annals of Balfour
have returned home after visiting
relatives in this section. r..
Elmer Miller and. Grads Wal
ters of the CCC camp were visit
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
Final Rites Held -.
For Mrs. C,airnes

Funeral services for Mrs. An
geline Cairnes were held last Mon
day, and burial took place in Da-
wilson River cemetery. Services
were held at the Tom Shepherd
Funeral home. ..
Mrs. Cairpes had made her
home in Mills River for number
of wears with a daughter, Mrs. R.
j. Holden, ... ...,.
She is survived by five children:
Mrs. Norman Whitmire. Selica,
Mrs. Dewitt Gillespie. Henderson
vile. Sidney Cairnes, Flat Rock.
Charlie Cairnes, Mills River, and
Mrs. Holden. She is also survived
by rs grandchildren and q great
grandchildren. .s....
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
PPUaL
npacPnPAr

Mrs. Martha p. Frckmau and
daughter. Mrs. Alex II. Galloway,
Jr.. of WinSton-Salcm. are at the
Skvland hotel for short stay I'M
til the former is located for the
summer. Mrs. Galloway will re-
main with her mother over the
weekend.
Mr.. and Mrs. George n. Moland
and guest. Miss Cornelia Green
uugh. of Philadelphia, Pa. return
ed yesterday after q delightful
weekend visit to Mr.. and Mrs. +.
G.. Parker, at their home in At
lanta, Ga.
Mr.. James Cheshire. of Raleigh,
son of the late Bishop Cheshire,
was the overnight guest Of DR..
n. C.. Hughes.
G.. V. KeSslCr, Of Kokomo, Ind,
who has just completed his high
school course. has arrived for a
visit TO Mr.. and Mrs. F. NJ. Wat
ers. the latter his aunt.
Mr.. end Mrs. Alan Cross and
Alan, Jr.. of Miami. Fla. are
guests Of Mr.. and Mrs. John s.
Forrest. the latter their cousin, en-
route to West Virginia.
DR.. and Mrs. F. NJ. Bush and
two children, of Southern Pines,
have rented the w. B. Reid home
at $50 Fifth avenue west. The
Reds have taken a house at 517
Whitfield street for the season.
The Rev. r. s. Carson and fam
ilv left this morning for MOOres-
vile. after visit to his parents,
DR.. and Mrs. II. II. Carson.
Mrs. NJ. r. Sans and son, Bob
by. OF Greenville. S. c., are spend
IN 4 few days with DR.. and Mrs.
Albert Durham. the latter sister
Of Mrs. Sans.
Mr.. and Mrs. L. K. Singley are
visiting relatives in Prosperity, s.
c.. and Newman, Ga.
Mrs. Julia Ball is spending a
few days in the Biltmore hospital
undergoing treatment.
Mr.. and Mrs. Edward Patter-
son and little Miss Betty Ann,
have moved to the former Taylor
home on Fourth avenue west.
Ivan Coffey. who is recuperat-
ing from an appendix operation
which he underwent at Patton
Memorial hospital was taken to
his home today.
The Rev. !. Harding Hughes, of
Concord, who is one of the in
structors at Kanuga Lake, was
the guest of his father, DR.. n. c..
Hughes, yesterday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
ID. A. p. IS GIVING
.PESEFIT-PARTY

Due To- a misunderstanding IN
The minds of a good many persons
I'm regard TO which organization IS
giving the benefit-bridge tomor-
row. Friday. afternoon. and which
club house it will be staged in. the
editor Of this column thought 1t
might be well to make it a little
clearer. The Joseph Mcdowell
chapter. Daughters of the Ameri-
can Revolution. is giving the par
'v and the attractive country club
v bc the scene of the affair
which IS creating much interest.
Tae public is cordially invited TO
reserve tables through Mrs. +. A.
Smy,h. III. at 423-W. or Mrs. Jas.
". Duff at 299. The hour will
se $50.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
GREENWAY HEARD
AGAIN ON PROPHECY

Evangelist w. Norman Green
way brought a most interesting
informative message last night on
"Speed in Locomotion and Mod
ern Science" calling attention to
the marvels of the present day
and showing from the Bible that
in the last days such increase in
knowledge would exist, in his
Wednesday night message at
Grove Street church.
The subject for tonight is ga
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
REQUESTS COURT AID
In BOND ACTION

Continued from uage one.)
ject to its taxation is even APP
prOXimately maintained; and the
almost unparalleled disproportions
of this ratio must always cOnsti-
tute an inSuperable obstacle to its
correction through an increase of
either the population or taxable
wealth Of the community.
"The city already has expert
enced a flight from its borders of
both population and taxable
wealth we'll calculated to increase
the alarm and destroy the morale
of its remaining population, from
which condition no other conse-
quence can reasonably by antici-
pated than that the flight Of both
population and taxable wealth
will be progressively accelerated
to the enormous hurt not only Of
the community itself but equally
to the interests of its creditors Of
every class"
FAVORS APPORTIONMENT
Reciting the probability of nu-
merOus suits as result of this
condition. the city in its counter
claim argues that ''it appertains
to equity and common justice that
such resources of payment as it
has, should be equitably appor-
toned amongst the creditors hold
ing its defaulted obligations"
"By this. is an equitable result
which the defendant city has no
power to achieve by its own I'M
aided efforts" the city reminds
the court, for that its assets are
so largely frozen and its income
deriyable from the exercise of its
power of taxation is so slow of
realization that it has no ability
Immediately to offer any sufficient
inducements for the further in
diligence of its creditors.
Contending that the action
should be transferred from the
law to the equity side of the doc
ket. the city asks that cts scope
be enlarged so as to permit all
creditors of the city to become
parties to this action and that
by an appropriate order Of inter
locutory injunction said creditors
and every one of them . . be re-
strained and enioined from inSti-
tuting any independent action or
actions at law or in equity in this
or any other court, with particular
notice to every one of said cred
itors so far as such notice may be
feasible and with suitably adver-
tised notice to all persons whose
interests may be affected by such
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-06-21
RS in this section Sunday.

ors in this section Sunday.
The Misses Emma Jane and
Bette Lee Rhodes visited friends
recently in the Edneyville section.
Miss Edith Hyder of Fruitland
spent the weekend with her
grandmother, Mrs. Emma l.. Rog-
ers. u. -, :,
Cecil Cox, of Edneyville, called
in this section Monday.
Johnny Pittillo, of Fruitland,
visited his scn, Plato Pittillo, the
first of the week.
Elijah Edmonds and family Wis
tied in Madison county Sunday