davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-06-03
PENNSY SUPPORTED
IN RATES BATTLE
Baltimore Group Denies Charges
of Discrimination Against
Port Newark.

Special Dispatch to The Star
BALTIMORE, June 2.-Essential
differences between conditions at
Baltimore and those at Port Newark,
N. j., justify the Pennsylvania Rail
roads practice Of handling freight
from piers to cars free Of charge here
while charging for the same service
at the New Jersey port, according to
a brief filed with the Interstate Com
merce Commission by the Baltimore
Association Of Commerce.
The Newark Chamber of Commerce
recently complained to the I. G. c.,
charging that the practice consti-
tuted discrimination against their
port.
This is denied in the brief filed,
the Baltimore group pointing out that
at Newark the freight does not come
into possession Of the railroad until
it is loaded on the cars, while at
Baltimore, since the piers are the
property Of the railroad, the freight
is in possession Of the road at the
time of loading. ..
Moreover, the Baltimore brief points
out, no other carrier at Newark offers
free handling, while at Baltimore the
Pennsylvania is in competition with
other carriers performing similar
free service.
Support of the Newark claim, 1t
was declared, might force all carriers
to make Q handling charge, and the
resulting situation would handicap
Baltimore's competition with other
Atlantic ports.
Evening star., 1934-06-03
JAPAN WORRIED
BY SLUMP IN SILK
so Per Cent Drop in Spring
Cocoons Brings Quick
Market Closing.
By Radio to The Star.

BY Radio to The Star.
TOXIC, June with the opening
Of silk cocoon markets and their
prompt closing on the following day.
when the average price for Spring
cocoons showed so per cent decrease
over last year. has brought to public
attention the full plight of the 2,000,-
900 farming households of Japan.
Add to this the fact that the silk
industry is facing panic and the
fact, frequently sensed, but never
fully disclosed until yesterday, that
the silk industry is the weakest spot
in Japan's tremendous industrial ex-
pansion program.
Under government pressure the
markets reopened yesterday morning,
showing little change. The price drop
means the loss of 10000, 900 yen to
farmers and further aggravates the
problem.
The United States was the largest
purchaser Of Japan's silk last year,
taking 62,000,000 pounds of raw silk
and 200,000,000 pounds Of rayon.
There is fear that this figure cannot
NC AldAl1Id1ilC0s 6plh 1CI O44 oA1o1 Ply
compared with March and a further
decline is expected to be revealed
when the May books are balanced.
Furthermore, Japan expects to see
a general closure Of the silk weaving
factories in the United States, lasting
one week in June. The Silk Guild,
capitalized at 100000 yen, has in
CURED debts of twice that amount
The banks, having advanced large
sums, are unable to collect or to
advance more, owing to the low
price of the cocoons.
While the government is being
asked to extend relief, so far it
has advanced no plan. Experts claim
that little can be done until there is
less dependence upon the American
market and further, they say, If the
industry is to be revived, price con-
troll must rest with Japan, in which
are the centers of the industry.
Small filatures represent 80 per
cent of the Japanese silk industry and
only 10 per cent Of the entire indus
try show any true industrial strength,
it is pointed out here, revealing that
80 per cent of the industry is little
advanced from household enterprises.
(Copyright, 1934.)
Evening star., 1934-06-03
BABSON DOUBTS
FEDERAL PROGRAM
Fears Roosevelt Recovery
Drive Lacks Good
Foundation.
BY the Associated Press.

By the Associated Press.
BOSTON, June 2.-Roger w. Bab-
son, statistician, yesterday told the
Executives Club of the Boston Cham
ber of Commerce that President
Roosevelt's recovery program was
doomed to failure because it was "too
high a structure on too weak foun-
dation."
Babson said the Hoover program
failed because his leaders did not
construct a structure" for recovery,
whereas the Roosevelt program,
deemed right" in purpose, has in
adequate basis for the intensified
governmental effort to readjust eco
nomic decline.
THE failufe Of the leaders to con-
struct the structure was Hover's pit
fall" said Babson. "The failure Of
the foundation to hold up the struc-
ture will, I fear, be Roosevelt's pit
fall.
THE solution of the Nations eco
nomic problem will come through
the development Of character, health
and intelligence. Instead Of wasting
money on useless subsidies-whether
to industry under Republican ad-
ministration or to the unemployed
under Democratic administration
this money should Systematically be
used to develop the citizenry."
Evening star., 1934-06-03
Markets Dull, but Strong
As Canadian Business Lays

ports to the United States during
April.
Producing gold mines have moved
on an even keel during the week, but
the market shows considerably less
enthusiasm for prospects and Junior
issues than earlier In the year.
Quarterly figures by the province
of Ontario on gold mine production
show q lower grade Of ore being
handled by the big mines during the
first three months Of 1884 than in
the preceding quarter. The mines
have been Intentionally milling q
grade Of ore that would not have
been profitable under the old gold
standard price.
In the second quarter of the cur
rent year, the Government will take
IS per cent Of the return received
above $20.67 an ounce, 80 it Is proba-
BILE that the gold mines again will
turn to o richer grade Of ore.
(Copyright, 1884, By the North American
Newspaper Alliance, Ine.l
Evening star., 1934-06-03
100 STOCKS DECLINE
8.5 PER CENT IN MAY
,necial pisnatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 2.-The market
value Of 100 representative common
stocks decreased $1,254, ,753, 900 or 8.5
per cent in May, according to Frazier
Jelke g. Co. This is the largest drop
recorded In any month since october,
1888, when the group deprecated 9.3
per cent.
From April 80 to the lows Of May
IA the 100 issues declined 1875 per
cent; while from the lows Of May
IA to the end Of the month there was
q recovery Of 5.8 per cent.
The May shrinkage of 8.5 per cent
compares with loss Of 3.5 per cent
in April, gain of three-tenths Of l
per cent in March, depreciation Of
SIS per cent in February, and an In
crease of II per cent in January.
The largest decline In dollars In
any subgroup In May was $3.50, ,S15,-
600 in the motors. The rails lost
$147, 500, 900, the oils $131 ,984 900
and the utilities Sill, 900.
Evening star., 1934-06-03
BY r. p. WEBER.
financial Editor. Toronto Telegrs

EluhuCkhL GdltO1s &VAVu0 4Cickl ams
TORONTO, Ontario, June a.
Quiet strength In markets and
q slightly slower recovery pace
i in business have marked the
financial week in Canada.
Market trading continued dull. while
the slowing up Of business was only
slightly more than seasonal.
The oil shares have shown some
independent strength and the distil-
lery issues have rebounded from their
low points of few weeks ago.
Commenting on the American mar
ket for alcoholic beverages, directors
Of the leading Canadian distillery ex-
pressed the belief that tmposts on
liquor in the United States would be
reduced. They declared recent buying
In the United States had been on .
hand-to-mouth basis because distrib-
utors were expecting q cut In the tax.
This tendency probably accounts for
the drastic falling Of In liquor ex-
Evening star., 1934-06-03
Kidder, Peabody & Co. Plans
To Cipe Up Deposit Banking

write securities and maintain a
brokerage business. Customers will
not be able to draw checks against
balances carried with the firm, how
ever.
The firms deposit business has been
Of comparatively minor importance in
relation to other functions of the
company, it was said, and has not
been as large proportionately as in
some other firms of the same type.
Kidder, Peabody & Co. was founded
more than ST years ago, making its
start IN Boston.
Evening star., 1934-06-03
Aircraft Issues
Bought on Hope
OF Foreign Orders
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, June 2.-Despite
the general uncertainty in the
stock market, selected buying is
discernible, particularly in the
aircraft issues, which are con-
sidered attractive in view Of the
situation abroad and the near
collapse Of the Geneva Disarma-
ment Conference.
Representatives Of China. Japan
and Russia, it Is learned, have
been viewing tests Of airplane
motors In this country with the
idea of placing sizable orders
for the American engines.
Two foreign countries also
have placed large orders in
America for aircraft tooling
equipment.
(Copyright. 1894. by the North Amer
ican Newspaper Alliance. Inc.
Evening star., 1934-06-03
BY the ASsncia tad Press

BY the Associated Press.
N YEW YORK, June 2.-Kidder.
mi Peabody & Co., one of the
| " country's oldest financial firms,
4 Y will give up its deposit bank
ing business and concentrate
on the securities business after June
16, the date specified In the banking
act of 1888 for the separation Of de-
posit and securities functions, it was
stated authoritatively today.
The company will continue to act
as fiscal agent and as corporate
trustee. it was said. and to under
Evening star., 1934-06-03
DIVIDEND OMITTED.

NEW YORK, June 2 @.-The
Monroe Chemical Co. has taken no
action on the common dividend, it
was announced today. The company
paid so cents on last March 20. The
regular quarterly payment of 871z
cents on the preferred was ordered,
payable July to stock Of record
June Is.
Evening star., 1934-06-03
H0RNBL0WER INJURED
CRITICALLY IN CRASH

BY the Associated Press.
PLYMOUTH, Mass, June a.
Henry Hornblower, 10, partner in
the Boston brokerage firm Of Horn
blower & Weeks, was critically injured
today when he lost control of his
automobile and crashed into two
trees. He was taken to the Jordan
Hospital here, and his name was
placed on the danger list.
Evening star., 1934-06-03
DIVIDEND ACTIONS DUE.

NEW YORK, June 2 R.-Dividend
meetings scheduled for the coming
week include Associated Oil, Reynolds
Tobacco, Mack Trucks, National Tea,
International Shoe, Homestake Min
ing, Endicott-Johns and American
Suuf Co.
Evening star., 1934-06-03

Continued on Third Page.)
Evening star., 1934-06-03

Continued on Fourth Page.l
Evening star., 1934-06-03

Continued on Fourth Page.)
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-26
For Workers Housing

HINDER the guidance of Roosevelt him
- self the so-called housing program of
the administration was made very clear
on Saturday in a Joint statement issued
by Public Works Administrator Ickes and
Housing Administrator Moffett 1t should be noted
that there never was any disagreement about the
fundamental point in the program, which is the
slashing of wage scales in the building industry
an important step in the drive of the Roosevelt
government to cut all wages.
The building contractors, the mortgage contrac-
tors and William Green have all agreed on this
main plank. The apparent disagreement had come
on Ickes demagogic statements that the govern
ment should provide low-cost housing. He wished
to coat the wage-cuts with ballyhoo about clear
ing the SlumS. Moffett, on the other hand, who
had committed the administration to a program
that openly came out for beneftting the banks and
the construction companies thought that this bally
hood might lead to campaign the part of the
workers for real slum clearance.
The newest compromise leaves the administra-
tions housing plans just where they have always
been with the ballyhoo toned down somewhat in
accord with the present policy of a swing to the
right. Wages to be cut. Building will take place
under the old speculative methods that enrich the
banks and the construction companies. There will
be no clearance of Sums and no decent housing
for workers
The work will be divided up. Ickes will continue
to ballyhoo low-cost housing, but do nothing as in
the past to carry any such program out. Moffett
vice-president of the Standard Oil and the direct
representative Of the industralists and bankers will
push the wage-cutting drive and see to it that the
capitalists get the profits.
While the administration has given billions to
bankers, it has only allocated $150O0o0O0 for hous
ing, and even this pitifuly small sum was used
to construct developments like Knckerbocker vii
lage in New York, where the rents prohbitive
for workers
Low-cost housing and genuine slum clearance will
only come when the workers force the government
to push through a real workers housing program
Under workers control, available apartments would
be divided up among the unemployed and the home
less. And new housing with government funds
would be built for the benefit of the workers under
the supervision of workers organizations, and not
for the benefit of the bankers and the Stun owners
Only workers program would clear the slums,
build schools, Fairgrounds and hospitals, and to
it that decent housing was provided to every worker
employed or unemployed
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-26
Chicago and NeeV York

THERE were two demonstrations last
l Saturday which should be food for
thought for all workers. One was in Chi
cago, the other in New York.
In Chicago, $4,000 workers demon
strated their grim determination to fight and not
starve They showed in the only language the
ruling class understands, massed power, that the
unemployed of Chicago would not submit docilely
to relief slashes.
What was it that made the Chicago demonstra-
ton a successful one? The united front! The TACT
that Socialists and Communists the Unemployment
Councils and the Chicago Workers Committee on
UNEMPLOYMENT. American Federation of Labor
unions independent organizations and those aflia-
ted to the Trade Union Unity League, all worked
together-this is what guaranteed the success OF
the Chicago unemployed demonstration.
But the same, unfortunately, cannot be said of
New York,
Here David LASER Socialist head of the Work
ers Unemployed Union, undoubtedly upon the ad-
vice and in consultation with certain Socialist lead
ers and with the Lovestoneite, Edward Welsh,
blocked the united front with the Unemployment
Councils The offer of the Councils to work jointly
for huge demonstrations fitting answer to the
renef-stopping and tax-burdening schemes OF the
LaGuardia Observation-Disclosures fatty refused, even
though sections of the Workers Unemployed Union,
LASER
However despite the fact that LASER and his
friends blocked the sincere attempts of the Unem-
ployed Councils to have one massive united front
demonstration, the Councils Loyalty supported the
march initiated by the S. P.-controlled Workers
Unemployed Union, and called upon their members
to attend.
But Lassers work was only too apparent at the
demonstration. Instead of demonstration of $4,000
which was entirely possibe-less than 1000 were
present. A golden opportunity to fire the unem-
ployed and employed masses with the spirit Of en-
thusiastic united struggle against the LaGuardia
plans, was lost.
TASSER knows as well as the Daily Worker does
l. that a demonstration under the joint auspices
of the Unemployment Councils and the Workers
Unemployed Union a demonstration in which So
cialists and Communists would have worked to-
gether would have engendered so much enthusiasm,
so much power that it would have attracted many
more thousands of workers. 1t would have been
an extremely important step in the fight of the job
less against the Wall Street-Cty Hall drive on the
relief rolls.
LASER and other Socialist leaders and Love
stoneites are responsible for the fact that the dem
Onstration was relatively small This must be
said clearly and unequivOcally.
But it is not too late to understand and correct
this. The need of the hour for the workers of
New York, employed and unemployed is unity.
This unity must be built locally as well as on
city-wide scale A united fight against the plans
OF, the bankers, aided by Fusion and Tammany,
to put over new burdensome taxes on the masses
Of the city and simultaneously slash relief rolls,
will defeat these schemes
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-26
ImperiaIists Aim to Continue War
In Chaco Beneath Cloak of Peace
BY Burck

Morgan and Co., National City
Bank, Dillon, Read & Co., Equitable
Trust Co., Standard Oil Co. of New
Jersey, Atlantic Lead Co., and the
Guggenheims have powerful
stranglehold on Bolivian resources
and finances.
Oil and tin are the two major
products of Bolivia. Both oil and
tin are indispensable war materials.
During the World War American
capitalists depended upon British
supplies of tin, and there was a
shortage of oil. Wall Street learned
lesson from the World War. Since
then American capital has secured
the world to break the British mon
opoly Of tin and to insure plen-
tiful supply of oil for the coming
World War. In Bolivia, Wall Street
found both tin and oil.
The Standard Oil Co. of New
Jersey has a concession covering
100000 acres OF oil land in Bolivia.
The Atlantic Refining Co. and Sin
clair Oil Co. also hold large con-
cessions. American capital con-
trolls most of the Bolivian tin mines
through the Atlantic Lead Co. and
the Guggenheim interests.
Due to the circumstances of
Bolivia's landlocked geography, al
lowing no access to the sea, the
exploitation of oil and tin involves
heavy transport costs, (by mule
pack over the Andes mountains to
Chile, to the Pacific Ocean and
through the Panama Canal0 In
order to reduce the transport
charges Wall Street engineered and
financed Bolivia's Chaco adventure
for the Chaco offers a cheap outlet
to the sea by the way of the Para
quay River.
The Chaco War is a struggle be-
tween American and British cap
italists for profit. Inasmuch as thu
League of Nations, World Court,
.. S. State Department, Pan Amer
lean Union, Commission of Neu-
trails, Roosevelt's arms embargo, .
Monroe Doctrine, etc., are nothing
more than instruments in the hands
of the imperialists to perpetuate
their profits, no hope of real peace
can be expected from those quar-
tiers.
In the dark jungle of backstair
diplomacy, international legal casu-
istry, inter-imperialist maneuverine
and buck-passing, only one voice has
been raised calling for a genuine
peace program. Only the Soviet
Union has dared to propose gem
eral and complete disarmament. Al
Geneva, Litvinoff alone has offered
a sincere and effective plan to halt
| the Chaco War
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-26

ist fraud that the opposite was true, that the So
called spread OF, common stock ownership was
really the spreading Of the Wall Street financial
control into new sections of American life that the
Wall Street monopolies were using the spread of
common stock as a means to establish more of the
countrys wealth under their control
History has confirmed this Marxist-Leninist
analysis with iron-bound proof
THE insult case permitted the monopolies to abb
sorb a billion dollars of small savings, and to
tighten their grip on the countrys utilities at the
same time
insult was the political ruler of Chicago and
illinois, He was the leader of the open shop drive
of the employers in Illinois and the Midwest. insult
was a heavy contributor to both Democratic and
Republican Parties.
insults associates were and still are part Of the
Roosevelt MIRA. New Deal machinery.
1t is the Ircills Morgans RcckcEelers duPonts,
and the rest who give Roosevelt his orders
Now it is the swell Fifth Avenue clubs and the
private offices of the Wall Street crooks which are
rocking with laughter at the delicious capitalist
comedy of the insult verdict.
But the time is not so distant when the laughter
will be on the other side of their mouths
The American working class is learning fast
The insult verdict is not bad lesson.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-26

submarine base at Deutsch Harbor
in Alaska, as well as Alaska's fifty
aviation stations, are collectively
the chief reason for Britain's
Change of heart toward a rap
proachment with the American
delegates. However, even this
maneuver, as observers freely dis
cuss, in no way eases the struggle
for world hegemony between En-
glish and American imperialism.
This "rapproachment" is of ire
mendous Importance in the light
of the present war preparations Of
the Roosevelt government. Without
the aid of the huge British Naval
stations at Singapore, Hong Kong,
and now at Port Darwin, off North
ern Australia, the United States
Navy, in the event of war with
Japan, could never conduct sue
cessful offensive against Japan or
Japanese territory. Significantly.
the longest travelling radius of
which the most modern dread
naught is capable without refuel-
ing is not more than 500 miles.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-11-26
The insult Verdict

IN THE Soviet Union, the insult gang of
crooks would have been shot by work
ing class firing squad as enemies of the
people.
But that is the difference between the
Soviet Union and the Wall Street capitalist para
disc of Roosevelt.
Where Wall Street rules, it is easy for Wall
Street crooks to plumber, commit crimes and get
away with it.
The insult verdict is not miscarriage OF
justice"
The insult verdict is capitalist justice in its
class nakedness 1t is what capitalist justice is in
tended for-to protect rhe strong the rich the land
lords, bankers, property owners, no matter how
fragrant their crookedness or criinality-the capt.
talist class.
THERE is no more reeking lie than the capitalist
propaganda of the "impartiality of the courts"
court is an instrument of class power. 1t is
part of the dictatorship of the Wall Street financial
money lords and monopolists, 1t is just much
as part of this dictatorship as the army navy and
police are.
Does not the experience of the masses confirm
this with tears and blood?
Three days ago jobless Negro got 20 years for
stealing less than so cents.
Tom Mooney rots in jail for 1S years the most
blatant frame-up and perjury engineered by the
California power trust.
The Scottsboro boys face the electric chair on
the flimsy lynch frame-up Of the Southern land
lords.
Strike pckets sentenced to hard labor,
sugged beaten, murdered and ralroaded by capital
ist courts and capitalist Justice"
THE insult case reveals certain typical aspects of
the whole capitalist system insult is not just
isolated crook. There is really nothing that diff
ferentiates him from the many other crooks in the
Wall Street banks who merely Little more
careful.
The insult utilities empire" based on the
most fragrant watering of stock doctoring of
counts, and financial trickery and robbery. This
had the effect of soaking up like sponge about
billion dollars of life savings from small stock
holders. the thousands upon thousands of small
home owners, teachers, professionals and better paid
workers who we're eagerly striving to climb out OF
the miserable rut of poverty and insecurity which is
typical of capitalism.
The Communists declared that this was capital