davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-03-19
Congress, NRA, Labor
Seen Trade Factors. s.

60 up more. Then what
about the rest Of us? And If
employers are not to make
profits, why should they en-
plOy?
I am inclined to be hopeful
about the strike situation, for I
doubt that the labor leaders can
afford to 60 the limit. I don't
believe the public will back a
1ur1sdictional claim which threat
ems business improvement,
At the same time, 1t does not
seem possible to dismiss the labor
situation as being merely one Of
the growing pains" Of ordinary
recovery, and to follow the old
rule about buying stocks on
strike news. The matter Is now
mixed up with the New Deal
and untried experiments in Gov
ernment control, which makes
possible results more serious and
far reaching.
In appraising stock prices, we
should remember that the infla-
ton factor has been overworked
and has been applied too broadly
to all sorts Of equities" Some
stocks have been high enough or
too high.
Initiation affects commodities
directly, but it affects stocks only
through net earnings. Accord
tngly, some stocks which have
been run up IS per cent or more
on the general basis Of inflations,
are now confronted with high
costs, including labor, in a way
which shows that they have
on the general basis Of initiation
They have been run up on the
general speculative possibilities of
an inf1ationary boom, rather
than on any careful calculation Of
results in their earnings.
81 would not buy stocks
merely ION general principles"
Under the New Deal, companies
which have a heavy pay roll
item In their expenses seem
likely to have more difficulty in
maintaining net earnings than
others. Heavy dependence upon
purchases Of farm raw mater
tals, is not likely to be helpful
to . cOmpany's earnings.
Such considerations as these
are doubtless partly the cause Of
the readjustments in stock prices
which have been taking place.
But initiation tendencies continue
to pile up, and stocks which are
not held down by adverse govern
ment policies will eventually re-
fleet these tendencies,
The Washington times., 1934-03-19
BY LEWIS HANEY
professor Of Economics,
Columbia University

The stock market remained
practically unchanged last week,
fluctuating narrowly and closing
The Washington times., 1934-03-19

NAVAL STORES
NEW YORK, March 10 T.N.S).-L1p
seed oil per pound 50 carlots. TuPo
mon, $50. &c.
The Washington times., 1934-03-19
DIVIDEND ANNOUNCEMENTS
RE0ULAE

Y.
Period Payable
1t & 81 Quarterly
A Quarteriy
Co pf Quarterly !
t.
ACCUMULATTONS
amount
quarterly dividend October
% East % dvidsnd wa: @ 81; SS;c pa paid " ~ " '
The Washington times., 1934-03-19
N. Y. Stock Quotations
CCOntinusd from Preceding PGes)

Extra stock ls PAID in isss ~ on
accumulation
lhl Payable in stock () Special (n) So in stock (ww)
(f) Ex-rights.
in dollars in parenthesia CNote) Extra
dividends published through regular dividend period
The Washington times., 1934-03-19

U. s. GOVERNMENT ISSUES
High Low 1900
The Washington times., 1934-03-19

60 up more. Then what
about the rest Of US? And If
employers are not to make
profits, why should they en-
plOy?
Evening star., 1934-08-28

All the netCs from Germany fails
to say WhGt Mr.. ThySSen thinks. He
is the bnckStage industrial dictator
1Dho pulls the strings Which make
Hitler go. There haze been rumorS
that he has decided Hitler is more
OF a liability noD than an asset. II
so, that uould mean Der Furore'S
days are numbered. But there is
no real basis for kno1Uing Uhether
the rumors hare any basis.
The current RuSso-Japanese crisis
will probably not be the last one
There have been dozens of them be-
fore. There should be a few more
before the fighting begins.
Far Eastern officials and unofficial;
here cannot get very excited about the
present situation. The way they have
it figured out is this:
There are a lot of large tanks ot
diplomatic gasoline in the Far East
Both the Japanese and Russians are
playing with matches. At any time
an unaccountable leak may develop
and send them both sky high. Their
again they may play on this way fol
years without an explosion. They
themselves certainly do not want one
The same trite, but accurate, meta.
phor may be applied to Europe
President Roosevelt has been a.
chipper as ever the last few days. Ter
days ago callers thought he was un.
usually glum.
Chairman Sykes of the Radio Com
mission is supposed to have slipped of
to Mississippi few days ago to help
Senator Stephens in the primary
Most of the administration crowd here
would consider it a mishap equal tc
that which brought Huey Long intC
national political life if Bilbo should
win the primary down there.
No one here believes the admins.
tration has any idea Of starting sub
sidized Government news agency tC
supplant the A. P, U. P. and l. N. S
The charge made by Senator Schal
was generally considered to be an un'
intended joke.
Evening star., 1934-08-28

"A Kentuckian who had just owned
to me that in his time no man in
Kentucky was thought much of who
had not stood fire and killed or
manned his man took up a discus
sion of eloquence in the Irish house
of commons and turned it into an
attack on Randolph'S particular style.
Randolph, however, was so engaged in
talk with another that he did not
notice it, or pretended not to hear.
This is the only portion Of the
United States that is not directly
represented in the Congress, and
therefore its little concerns become
the particular care and concern of
the National Parliament, which gen.
orally has to appoint committee for
the special purpose of attending to
them. I have known of debate for
several weeks occaSioned by the ques-
ton of whether a bridge should be
built over the Potomac, and on one
occasion when it had been carried in
favor of the bridge have known the
vote to have been reversed the next
day through the effects of a timely
dinner at the home of the owner Of
the ferry"
Evening star., 1934-08-28

number Of men who frequent the
places of amusement of the Federal
City, it is one of the most marrying
places of the whole continent-a truth
beginning to be found out and which
is the cause of vast numbers begin
ming to flock there from the four
points of the compass. Unfortunate
ly, however, despite the great march
of intellect so vaunted in the present
century, the literary education of
these ladies is far from being worthy
of the age of knowledge, and their
conversation is apt to flag, although
a seat by the ladies is always much
coveted.
Dancing and singing, nevertheless,
serves to while away the time, but one
gets certainly sick of having the same
song. Just like love is yonder rose;
especially as one seems to be expected
on the instant to propose and some
times such result does in reality take
place on the shortest acquaintance.
Young and Old
Far Apart in Society.
Both parties when betrothed use
a great deal of billing and cooling, eat
Evening star., 1934-08-28

headed by Sonora Margarita Robles
de Mendoza of Mexico, its founder
and organizer, and representatives Of
the National Women's Party, headed
by Mrs. Harvey w. Wiley.
Sonora de Brione's plans we're a
little uncertain. She said she might
fly back to New York tomorrow. Her
international goodwill flight must
await the acquisition of an airplane,
which the Union de Mujeres is SEEK
ing for her. She will be the guest of
Capt. Alfaro and officials of the Ecua-
dorean legation during her visit and
also will be entertained by leaders
of the women's organizations which
met her.
Evening star., 1934-08-28
BIDS ON FAMILY ....
PLANES STUDIED
Low-Cost Machines Said to Be
Aim of Bureau of Air
Commerce. s.t

Aeronautical engineers Of the Bu-
reau OF Air Commerce today began
studying q great mass of drawings
ana specifications submitted by air.
craft designers and manufacturers for
Is small atrplanes, expected to be
forerunners of family" machines to
fill the skies in the future.
NO one has put into production an,
alrplane OF the type the Bureau OF
Air Commerce wants and which it
hopes to get cut of the IA bids sub
mitted yesterday at ceremony termed
by Secretary Of Commerce Roper "a
very important event in the history
Of aviation" A-
In calling for the bids the bureau
specified an airplane that will almost
land and take of itself, that the av-
erage man can fly with safety and
that will possess performance char
acteristicS found In no modern air.
plane. 1t must fly 20 to rs miles on
gallon of aviation or automobile
gasoline, be Of low initial cost and
easy and economical to maintain.
The drawings and specifications ac-
company1ng the bids are Of planes
which the bidders hope will meet the
requirements of the bureau 1t is the
duty OF the bureaus engineers to de-
termine from the drawings and speet-
f1cations which, If any, of the pro-
posed planes Is likely 10 meet its re.
quirements. 1t may be some time be-
fore the bureau Is in q position to
award contract, it was indicated TO-
day as the engineers plunged into
the formidable pile OF plans, 70
The prices bid ranged from $3.50 to
$6,67O per plane. Several Of the low
bids failed, however, to meet require
ments in some respects. Several were
not accompanied by bid bonds, several
lacked certificates Of N. r. A. COM
piance and at least one vas described
as being mot at all in proper form."
In brief speech of welcome to
the bidders and aviation leaders at
the Commerce Department for yes
terday's opening, Secretary Roper
said: THE airplane is at the point
where the automobile was when It
launched out in large production.
What we need now is to produce an
airplane that more people can use.
1t Is one Of the desires of a great
many people with whom have come
in contact that they shall be able
to obtain a low-priced airplane which
they can operate safely and econor1i-
cally. I believe that today we are
making an important step toward this
goal" .e11I
Evening star., 1934-08-28
.BYRNS Confident
OF SPEAKERSH|P
Turns Campaigning Over to
Reynolds and Assumes
Other Duties. ~.

Confident that by right OF prece-
dent and position he will be elected
Speaker in the new House, which will
be overwhelmingly Democratic, House
Leader Byrns, on his return to wash
ington, yesterday entrusted his own
campaign for the Speakership to his
colleague, Representative McReynolds
Of Tennessee, and turned to his other
duties as chairman of the Democratic
Congressional Campaign Committee.
Conceding that the Democrats will
lose quite few. perhaps IS to 40, of
the unprecedented majority they held
in the last Congress with 3l6 seats,
Mr.. ByrnS said there is no danger
of losing control, which the Repub-
lican leaders also admit. However,
he expressed his determination to re-
turn an overwhelming majority to
support the new deal" program in
the House.
Conferences Held.
He Immediately plunged into a
series of conferences with groups of
members and others representing vari-
Gus States, for the purpose of map
ping out local campaigns so that the
committee of which he is chairman
can give the greatest possible help
ByrnS, William B. Bankhead of Ala
bama. Sam Rayburn of Texas and
John E. Rankin of Mississippi are an
nounced candidates to succeed the late
Speaker, Henry T. Rainey. o., 81.
Shortly after his arrival from Nash
vile, ByrnS conferred with members
of the Oklahoma delegation and with
his campaign manager, Representa-
tive McReynoldS. Three Democratic
nominees, who are certain of election
in November, were in the group.
Byrns told newspapermen that by
| right of precedent and position he felt
he was lin line for the Speakership"
and that IN be selected in Decem-
ber."
Caucus to Be Held. -f...
The next Speaker will be named
at Democratic caucus before Con-
gresS meets January 3. The Repub-
! licans concede they cannot control
the next House. .-.- ,.,
Meanwhile, Representative Rayburn
will arrive here later this week to sur
/ vey the situation.
Byrns said he expected the two
Democrats in Maine, Representatives
Utterback and Moran, to be returned
to the House in the election, Septem-
Der 10.
Evening star., 1934-08-28

putting up at hotel by staying with
friends. However, in the latter case
they have quite naturally generously
tipped servants. In such case I am
sure that you can appreciate that it
would be embarrassing to ask for re-
teipts.
In view Of the foregoing and in
view Of the high type of individuals
who are serving as members of the
commission, shall very much appre-
tiate it if you see fit to rule that
certain expenditures not greatly in
excess of 81 be excepted from the rule
requiring receipts"
So, Controller General McCarl went
slong and said where it would be
tnpracticable to obtain receipts, as
would appear to be the case in in
s;ances cited, a statement by the COM
missioner performing the travel would
he accepted. McCarl didn't stop
there, however, as witness con-
Guiding paragraph:
"As to your statement regarding
generous tips to servants, it should be
,membered that Federal funds and
not private funds are involved, and it
is not believed that the Congress in
tended (by the law setting up the
c)mmiSSion) to make Federal funds
available for unusually large gratuitieS
for servants. In this connection it
would be considered, also, that the
tips to which you make reference are
III a measure, tokens of appreciation
for personal comforts and for cour-
tesies extended by servants. In such
circumstances they pertain to and are
basically personal expenditures as dis
tlnguished from expenses chargeable
to public funds"
Jerome c. Hunsaker, another men,
bar of the commission, also ran afoul
Of the controller general, who :Uppec
of of an expense account Of SIS credit
for 81 spent for breakfast in Wash
ington Just as he was going on trave
status. McCarl holding that he woulC
have to be out of the city for the ac'
count to be payable. He also .riti-
cized another entry of So for "thre'
meals on train" but allowed it with
the warning that "in the future .acl
meal should be itemized separately.
Evening star., 1934-08-28

Continued From First Page)
makers. The Zaharoff tie-up was re-
ported discovered in letters from the
wealthy European maker and break
er Of kings" in the files of some lead
ing United States arms manufac-
turers.
Although Senator Pope, Democrat,
of Idaho, the only committee member
in Washington, would not confirm the
investigators findings, neither did he
deny them. He acknowledged they
had found international connections
between American manufacturers and
large companies abroad.
Service Records Studied.
Declaring he could not reveal now
what had been dug up, he remarked
that Navy and other records dis
closed some interesting international
situations"
Sir Basil, a Greek, became British
subject and was knighted for service
to Great Britain. He gained prom
lueIlCC yCdIo d6O III Vic AAuAAAUAoAA'
business and is supposed to be con-
nected with the Maxim Co. of Vienna
and with Vickers and Armstrong in
England.
Pope said the committee, which al
ready has summoned dozen NUM-
tions representatives to testify, prob
ably would inquire. also, into scrap
iron shipments from this country to
Japan. The committee wants to
determine what basis there is for
the current opinion that at least
some of this scrap goes into arna-
ments manufacture.
Nye Explains Purposes.
The broad objectiveS of the COM
mittee were outlined last night in
Chicago by Chairman Nye, Republican
of North Dakota who said American
armament expenditures were but part
of "a vicious circle" of expenditures
looking to war.
He listed four things that would
help take the profit out of war: A
secretary of, peace ranking in the
cabinet with the War and Navy
Secretaries; a ban on the movement
of American goods in United State:
ships to warning nations; elimination
of private manufacture Of munitions
and increases Of wartime income
taxes Ito discourage profiteering."
Evening star., 1934-08-28

unless there is some improvement the
coming Winter may spell Hitler's
downfall" he said.
DR.. Pearson set January 13 as the
critical date in Hitler'S rule. 1t will be
on that date that the plebiscite will
determine the future control of the
Saar Basin, which is now under the
control of the allied powers and occu-
pied by France. DR.. Pearson recalled
that Hitler a few days ago declared
that the Saar must come back to Ger
many.
He disposed of Germany by saying
that no matter what might be said
against Hitler, he is known to be ah-
solutely sincere in his efforts to lift
Germany out of its present unfortu-
nate condition.
There is no comment forthcoming
regarding the reported defiant atti-
tude of the garment industry in re-
fusing to abide by the recent order
of the President lowering hours and
increasing wages for a quarter of a
million workers in the industry.
President Roosevelt today appeared
greatly refreshed as a result of his
long automobile ride through the
country yesterday. He said the fresh
air and hours in the sun, as well as
the freedom from his official labors,
were real tonic. For a number of
miles the Presidents tour took him
over rough, dusty roads. While he
and Mrs. Roosevelt, who accompanied
him throughout the long trip, were
covered with dust when they arrived
home about 6 o'clock, they were not
in the least fatigued. On the con-
trary. they delighted in it, especially
the informal picnic lunch beside a
beautiful lake on the grounds of the
Boys Reform School near Warwick.
Evening star., 1934-08-28
Leaves From Old Diaries
Frontier Society and Hot-Headed
Statesmen Despair of British
Diplomat a Century Ago.
ARTICLE )

out of the same plate drink out of the
same glass, and show of their love to
the whole company. Between the
young ladies who are not only good
looking but good tempered and, If not
well informed, capable of becoming so,
and the ladies of a certain time OF
life, or rather of the 'seconta gioventa'
there is usually wide gulf in society.
Young married women are seldom
seen at the parties. AS they approach,
however, to middle age they are apt
to become romantic; those particularly
who live in the country and have read
books fancying all manner of heroic
things and return to the Capital de-
termined to have an adventure before
they retire, or on doing some mon
strous act which will make them be
talked about in after times.
Il have myself talked with a very
beautiful lady to try to persuade her
not to cut of head of hair, of an
amber color and one of the finest I
ever saw, which she had used to take
the greatest pains to keep in order
and curl-but it was useless. She
found out one day that it was vanity
and vanity was sin, so of she cut 1t
and thrust it into the hands Of her
despairins husband. Others l have,
known to contract an aversion to
water and as a substitute cover their
faces and bosoms, with hair powder in.
order to render the skin smooth and
delicate. This was particularly the
case with some Virginia damsels who
came to the balls in Washington and
who, as a result, we're hardly toler-
able. At my balls found it advisable
to put on the toilette tables not only
rouge but hair powder, as well as
white and blue powders which had
some customers. s
Hot Heads in Congress
Gave Trouble at Parties.
"I generally had to give dinners
three or four days a week. I had to
keep a good house and thus consider
how important it was to keep up
constant friendly communication with
as many members Of Congress and
public men as possible. I had great
trouble to so arrange my parties to
avoid giving occasion for quarrels, as
there were several hot heads in Con-
gress who could have no better sport
than to shoot at John Randolph or
any other member of the opposition.
As luck would have it, Randolph
walked in one day while we were at
wine and found me surrounded with
some of his bitterest foes. 1t was
too late to retreat. I placed him by
me and endeavored to guide and
direct the conversation far away from
subjects relating to the United States,
but it was nearly all in vain.
Evening star., 1934-08-28
What's What
Behind News
In Capital
Potent Job for Byrns
May Solve Race
For Speakership.
BY PAUL MALLON.

- ERTAIN private negotiations
4 now are under way which
make the election of Mr.
~ Byrns to the speakership less
certain than every one, in
cluding Mr.. ByrnS, has been pre-
dieting.
All that can be said about 1t now
is that the two other contestants
(Rayburn and Bankhead) are not
stepping on each other in the back
stage scramble.
Indeed, there are reasons for be-
HeUing that RGyburn and Bank
head tUiH ultimately pool their re-
sources so that one DiH become
Speaker and the other floor leader
OF the House. That purpose iUiH
naturally be denied rlot1, and for
eUer hereafter, up to the hour OF
the cote. HoUeUer, it is such
natural potential alliance that it
can hardly be aUoided.
The only difficult thing about it is
to find some suitable promotion for
Byrns, who commands the respect of
all A major Federal appointment
might help to solve that angle.
There are several other inner fac
tors in the situation. The Rainey-
ByrnS alliance was successful last
time because it controlled the one
termers who rode into the House on
the Roosevelt election wave. There
are 25 to 40 of them, mostly from
States which now have been re-dis-
tricted. They have no more chance
of coming back to Congress next
term than you have of being elected
President Their departure will hurt
Byrns more than his two opponents.
Evening star., 1934-08-28

On the other hand, Byrns has a
good chance of lining up Northern
or Eastern Democrat for floor leader
on his slate. Then his ally can raise
a cry about the South trying to hog
the posts of honor.
1t is a peculiar thing that the House
has sometimes chosen its leaders, not
for what they are, but for where
they come from. At any rate, the fight
this time will be closer than you Sus-
pect.
Tip Sends Rails Up.
Wall Street got a hot tip last week
that the Government was going to do
something for the railroads. 1t was
sufficiently strong to send rail prices
definite idea of exactly what the ad-
ministration had in mind
The inside on that is the admin
iStrdtion is planning to take up
energetically the old Eastman re-
port for regulation OF highway and
waterway rate competition This
report Dds sent to the last session
of sCcngreSs and Immediately for
gotten ~
You will unquestionably see PreSi-
dent Roosevelt breathe new life into it
before the first of the year. That
means legislation along that line may
be expected within year.
Soviet Pact Near.
The outlook Tor the Russian debt
settlement Is not as dismal as it is
being painted.
Every insider knows the ultimate
settlement will have to be hard bar
gain struck between the two coun-
tries. In such bargaining the first
few offers are mere feelers. In the
last offer the Russians really got down
to business. They contend they went
half way, while the State Department
is insisting they will have to come
further than that. The bargainers are
actually getting near a settlement.
Both sides want it. 1t is only a
question of time.
Evening star., 1934-08-28
MANCHUkUO BANDITS
KIDNAP new YORKER
BY the Associated Press.

BY the Associated Press.
MUKDEN, Manchukuo, August %.
Solomon Zetlin. 80, said to be an
American citizen and a former resi-
dent of New York, is held by kidnapers
for ransom.
Police confirmed officially today re-
ports that Zetlin, understood to be a
fur dealer, had been missing a week.
He was seized while on picnic trip to
the historic Manchu Tombs, just out
side Mukden.
A woman companion was escorted
into the city by one of the kidnapers.
He then presented demands for ram
som, only to be held by police. OFF,
cials said every effort is being made
to free Zetlin, who is not registered
at the American consulate.
Foreigners have been warned by the
various consulates to move cautiously
about Mukden because Of the wide
spread activities Of bandits and kid
napers.