davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-05-01

Dick Baker LOAF n Corpora
Non to Prevent Foreclosures"
Significant Queries
He has prepared return post
cards and mailed them to real
estate operators all over the
United States, with significant
questions.
The questions asked:
Do you feel the Home Owners
Loan Corporation is accomplish
ing its main purpose-prevent-
ing foreclosures?
Do you consider Home Owners
Loan Corporation loans gener-
GUS, normal or low?
Are the appraisers in your ter.
1ttory competent in your opin-
ion?
Are you in favor Of amortizar
ton loans as used by Home Own.
erS Loan Corporation?
What do you suggest as q bet
ter plan?
Are real estate values improv.
ing in your territory?
The questions will interest John
q. Fahey. chairman Of the Home
Owners Loan Corporation, be-
cause the little matter of apprais-
ais Is one Of his big problems.
Loans range from less than half
TO IS per cent Of the value Of the
distressed property in different
parts Of the country, and the
corporation is attempting to
StandardiZe loan values as well
as set pattern for long.term
home financing.
The last question will probably
draw many different kinds Of
answers. Some operators will
agree that foreclosure in a Sc
lective development casts a blight
on adjacent values in the com.
munity. but others will not see
It that way.
So it may be that Mr.. Luchs'
task has barely begun. Sitting
out the answers and making the
analyses according to sections Of
the country should make his de-
gree a well-earned one. He will
furnish q summary Of the results
Of the nationwide poll when the
returns are In.
A. Smith Bowman, IT,, and
Frank Thyson. q well.balanced
rchitect-builder combine, have
the contract for renoviZing the
chancery Of the Czechoslovakian
legation.
The recent case in the District
Court Of Appeals in which the
higher court reversed condemna-
ton jury's award in connection
with the acquisition of property
for the widening Of streets near
the Home for IncurableS, placed q
feather in the cap Of Arthur C..
" Houghton, president Of the Real
Estate Board.
IL was q peculiar case and STAN
ton G. Peelle, who represented the
appellants, had the satisfaction If
!psetting q long line Of precedentS
IN the case.
The case was one in which the
District Commissioners sought to
condemn the property and &C
qu1re it at smaller figure than
they had paid less than q year be-
tore when they purchased from
the same owners some adjacent
property. Testimony bearing On
the price paid in purchasing the
other property was rejected by
the condemnation court, and the
reversal was on those grounds.
It developed, however, that Mr..
Houghton's appraisal was so close
TO the true market value Of the
condemned property as to be al.
most startling.
The Washington times., 1934-05-01
LUCHS. STUDIES
HOME LOANS
FOR THESIS
BY DICK BAKER

It is natural to expect that
young Frank ]. Luchs would mix
business with his studies at George
The Washington times., 1934-05-01

Fxprue,u" SmeIs ore mode from finer mo..
"S'Vt roBAccos +bor ~",, MORE
NJ popular brand.
from irritationiy y ARE Ms mder, finer in flavor, free
You'll be I1 de1;sh+a1 wake Camels your smoke
gentle mood mgntea of a with Camels' flavor. the
poise which staoI ~. en'oyment. weII.beine and
'" steady smokers find in Camel. "u
$ C1cns:'rs St0oDnasI. and Buda, Comm.
"a S;Hcs H. PM. CSE-7PM. MS% SOr"'' So'osG EOsv
The Washington times., 1934-05-01

Copyright. 1884. R. J. Reynolds Tobacco Company
Evening star., 1934-09-30
F. d. |. C.. Still Silent on Nichols Defiance,
Penalty POlUers to Become Effective Tomorrow

prescribe by regulation the form Of
such sign and the manner Of its dis
play. Such regulation may impose a
maximum penalty of 500 for each
day an insured bank continues to vio-
late any lawful provisions Of said
regulation"
In carrying out the law, the Federal
Deposit Insurance Corporation drew
up the following regulation. effective
on and after October /:
whenever in the opinion Of a
supervising examiner of this corpora
tion an insured bank in his district
shall have continued to omit to dis
play a sign or signs in violation Of
the requirements of this regulation,
after an executive officer of such bank
has been warned by such supervising
examiner of the manner and places
such signs should be displayed, such
supervising examiner may certify the
facts to the board of directors of this
corporation. In any such case the
board of directors may cause notice
to be served upon the bank by serving
any executive officer so as to give the
bank an opportunity to appear before
said board by a representative and
show cause why a penalty of 500
should not be imposed for each day
it violates the provisions of this reg
ulation requiring insured banks to
display certain signs. If. after grant
Evening star., 1934-09-30
Close Relationship of Retailers
And Consumers to Be Stressed

vices, the Government was, for the
most part, an outsider in the business
Of selling to the general public.
1.-THE recovery act and the N r. A.
codes have changed that situation
radically. The force of Federal law is
behind not only the provisions Of the
retail code, but those in the hundreds
of manufacturers codes which directly
or indirectly affect the merchandise
and the sale of merchandise offered on
the counters of American stores.
Many of these provisions, both
those proposed and approved, have
been unwise and uneconomic. Many
of them tended to raise the costs of
the public's purchases to exorbitant
heights, far beyond those necessary to
stimulate real recovery. The retailer,
in the interest of his customer, was
compelled to wage relentless war
against such provisions.
"The close relationship of the inter-
ests Of the retailer and the consumer
with the activities of Government
therefore makes this convention theme
most appropriate and timely for the
consideration Of American merchants" !"
Evening star., 1934-09-30

ing a reasonable opportunity to be
heard, the board of directors Of this
corporation finds that the bank has
not displayed a sign or signs in viola
tion of the requirements of this reg
ulation 1t may impose a penalty not
in excess of $100 for each day during
which the accused bank has violated
this regulation. Any penalty imposed
under the preceding sentence may bp
deducted from the amount of any
refund or dividend or interest which
may become due to such bank"
Member banks of the Federal De-
posit Insurance Corporation are re-
ceiving instruction blanks and other
data relative to the October l adjust
ment of assessments.
The blanks seek an accounting by
insured institutions of their deposits,
to be certified and returned not later
than october IS.
The institutions are instructed not
to send remittances with their state
ments. On the other hand, If report
shows an increase in deposits under
the regulations, covered by insurance,
bills will be sent at a later date.
The possible cost to the banks as
a result of the filing of the report
will be one-quarter of l per cent OF
the increase in the total amount Of
deposits eligible for insurance since
the first certified statement was filed.
Evening star., 1934-09-30
CREDIT MEN HAIL
IMPROVED SALES
AND COLLECTIONS
September Survey Reveals
Evidence of Seasonal
Business Upturn.
Special Dispatch to The Star.

NEW YORK, September 2e.-Evi-
dence of a seasonal upturn in Nation
wide sales and collection conditions is
revealed in the September survey by
the National Association of Credit
Men. Nineteen cities in the United
States report good collections and
good sales in this survey, compared to
II cities reporting good collections and
cities reporting good sales in the
previous months survey.
Cities that note good collections are
Birmingham, Ala: San Diego, Calf ;
San Francisco, Calf; Tampa. Fla;
Chicago, Ill; Springfield, Ill; Evans
vile, Ill; Cedar Rapids, Iowa; st
Louis, Mo: st. Joseph. Mo-; Waterloo
Iowa; Detroit, Mich; Grand Forks
N. Oak; Cincinnati, Ohio; Columbus
Ohio: Knoxville. Tenn; Memphis
Tenn. and Richmond, Va.
Cities that report good sales condi-
tions are Birmingham. Ala; San
Diego, Calf: Tampa, Fla; Spring
field, Ill; Evansville, Ind; Cedar
IdpluS, lOWd, OIIuIilWd, 1UWd, rluiI
Mich; Duluth, Mimi; st. Joseph
Mo-; Crank Forks, N. Oak; Cincin-
natl, Ohio; Columbus. Ohio; Dayton
Ohio; Knoxville, Tenn; San Antonio
Tex; Richmond, Va; Spokane, Wash.
and Huntington, w. Va.
Corn Prices Aid Farmers.
Supplementary to the survey are
reports issued by the association from
correspondents in the various cities
reporting to the New York office
Sioux City, Iowa, reports farmers in
rural communities benefited by the
increase in corn prices. A large pro-
portion of the 1888 crops was sealed
under Government contract. The in
crease on the market price of this
corn directly benefited the farmer at
no cost to the Government. This
placed a greater buying power in the
hands of the farmer and assisted tre-
mendously in offsetting loss through
the failure of the small grain crop.
The severe drought and crop short
age. Shreveport. La. reports. will have
Continued on Fourth Page.)
Evening star., 1934-09-30
BY CHAS. p. SHAEFFER,
Associated Press Financial Writer


%HE Federal Deposit Insurance
Corporation is maintaining an
air of indifferent tolerance
i toward the most recent attack
on it by j. M. Nichols, presi-
dent of the First National Bank of
Englewood, Ill.
Nichols, who is opposed to deposit
insurance, has refused to pay his as
SessmentS and display insignia as a
member. For failing to display in
sigma the law mentions possible
penalty of S100 a day per receiving
window after october /. Nichols has
four windows
For the time being, an official de-
clared, the corporation will continue
its silent treatment" with respect to
the First National Bank of Engle-
wood; will let Nichols do all the
broadcasting he DESIRES" and take
suitable action when it sees fit after
the deadline is reached on October l.
The penalty provision is part of
the law creating the Federal Deposit
Insurance Corporation. 1t reads as
follows: Every insured bank shall
display at each place of business
maintained by it sign or signs to
the effect that its deposits are insured
by the Federal Deposit Insurance
Corporation. The corporation shall
Evening star., 1934-09-30

derson, merchant, and ANGUS M.
Hoffar, dentist.
A large and well-established COM
pany with a flourishing local agency
when the Civil War broke out, the Mu-
tual Benefit had many policyholders
in the South and among Southern
sympathizers in Washington.
Immediately at the close of hoStili-
ties in 1865, the chief actuary of the
company was instructed by the Board
of directors to visit the principal GEN.
tiers of the South and arrange adjust
ments with the Confederate soldiers
whose policies had lapsed by reason
of inability to transmit premiums to
a Northern State like New Jersey. In
1929 the last policy written by the
Continued on Fourth Page)
Evening star., 1934-09-30
Special Dispatch to The Star.

Special Dispatch to The Star.
n YEW YORK, September 29.-
M "The Consumer-the Govern
VI ment-and the Retailer" will
i lead as the theme of the 1895
annual convention of the Ma
tional Retail Dry Goods Association,
because of the emphatic significance
the three elements included in the
theme represent in present-day trends
in distribution.
This explanation was put forward
today by the association following the
selection of the theme by its board OF
directors at its first Fall meeting last
week. In accordance with a referen-
dunn of its members, the board voted
to hold the convention, one of the
largest and most important events
each year in The retail industry, in New
York January 14-18.
The announcement of the conven-
ton theme was followed by this state
ment from the N r. D. G. A. today:
1.-The retailer and the consumer were
once considered the primary elements
In distribution. Except for pure food
legislation, and similar regulation de-
Evening star., 1934-09-30
LEAD PRICE HITS
1884 MARK
Drops Additional 81 a Ton.
Outlook improved by
Steel Activity.
BY the Associated Press.

NEW YORK. September ga
further reduction of 81 ton in lead
last week carried prices into the year.
lowest levels. The decline, however,
had the effect of materially stimulat-
ing the demand with practically all
sources of consumption being pre-
Sented in the buying. Favorable
August statistics, showing a reduction
of about $500 tons in smelters stocks
or refined lead, and the increase in
steel operations has helped to create
a better feeling, and predictions have
been made that flrmer position will
follow the catching-up of demand
with the current rate of consumption.
Zinc underwent a downward re-
vision of 81 a ton although the ore
situation and market conditions gen.
orally for the moment, were unfavor-
able, the outlook was regarded as
more promising.
Steel registered a marked improve
ment with the national operations 60
ing to % per cent of capacity. gain
of az points for the week. Pressure
on prices met sitter resistance, as de-
mand from the automobile industry
expanded, in conjunction with heavier
miscellaneous buying. Continued
fears of eventual currency imitation
and settlement of the textile strike
helped to encourage freer buying.
Copper was quiet and unchanged
at &c for Bftae Eagle. Action of
producers in their recent meeting is
believed to have removed the danger
of an early reduction in price, which
buyers believed inevitable because of
the steadily accommodating unsold sales
quotas. Producers agreed to reduce
output so as to establish balance
between production and consumption.
Tin prices were alternately steady
and unsettled, but ended the week
with little or no net change. An
timony continued quiet and un-
changed.
Evening star., 1934-09-30
Early d. c. History Recalled
At Mutual Benefit Life Dinner
First Capital Insurance
Agency 80 Years Ago
Is Described.

n n EMORIES of the small and
M mdeveloped City of Wash
wv ington of nearly 100 years
4 ' Il ago were linked with the
present day metropolis in the
dinner at Hotel Hamilton last night
celebrating the eighty-ninth anniver-
sary of the first establishment of a life
insurance agency in the District of Co.
lumbia by the Mutual Benefit Life In
surance Co. of New Jersey in Septem-
Der, l845.
The speakers, C. B. Merriam, director
of the Reconstruction Finance Corp. :;
Frederick P. H. Siddons, president of
the District Bankers Association, and
Miss Mildred F. Stone of Newark,
agency field secretary of the insurance
company, heartily congratulated the
present-day representatives, H. Law
renee Choate ana associates.
At that time the United States had
only 25,00O,O00 population and there
were not more than 5000 life insur-
ance policies in force. These were held
by the well-to-do. Mutual Benefit
wrote its first policy in May, 1845, and
rapidly spread its business, not only in
the East, but throughout the South,
and in the fourth month of its active
career, September, l845, appointed
Joseph c. Lewis Washington agent
and DR.. Harvey Lindsly as examining
physician. An Office was opened on
Seventh street opposite the Patriotic
Bank.
First Presidents Insured.
Those insured during the first month
besides Mr.. Lewis himself were
Thomas B. Griffin, merchant; Samuel
Kirby, cabinet maker; Charles F.
Wood, builder; John Ferguson, clerk :;
SylvanuS Holmes, grocer, and Robert
Clarke, carpenter, as well as two resi-
dents of Georgetown, William J. An
Evening star., 1934-09-30
MODERATE GAINS
IN TRADE CITED
Standard Statistics Expects
Labor to Adopt More Tenn
perate Policies.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, September 2e.-In its
weekly summary of the general busi-
ness situation the Standard Statistics
Co. of New York currently comments
as follows:
Termination of the textile strike,
on terms requiring no immediate con-
cessions on the part of management,
overshadoWed other business develop
ments during the past week. The
fact that the position of labor lead
ers has been weakened by the out
come not only suggests that further
disturbances in the industry may be
held to a minimum for some time
to come, but also that labor may fol-
low more temperate policies in other
disputes With the return of workers
textile mills are expected to resume
activities on greater than seasonal
scale during the Fall, with consequent
favorable influence on factory pay
rolls and employment.
Meanwhile, some Improvement in
other lines is becoming apparent.
SWel Hill OpeTdllOllS are IepOl lcO az
242 per cent of capacity, as compared
with 1874 per cent in the week of Sep
tember g. Power output is being sus-
tanned around last years level, as also
are freight car loadings Retail trade
continues to present the brightest spot
in the present situation. Sales in
the drought areas have been better
maintained than had generally been
expected, while retail sales for the
country as a whole are running well
ahead of year ago.
Although the general outlook is
somewhat more promising, there re-
main too many uncertainties to per-
nit any extensive forward planning
on the part of industry, Unless the
administration business and none
tary policies are clarified at an early
date the upturn in industrial volumes
during the remainder of 1884 will
probably be held to comparatively
,,o0Iarofa r1rnrCrfinnS
Evening star., 1934-09-30
DOLLAR CONTINUES
STEADY ADVANCE
Gains 1l1s Cents Against Pound
in London-Gold Currencies
Changed Slightly.
BY the Associated Press.

BY the Associated Press.
The dollar continued to advance
against non-gold currencies in for
eign exchange markets yesterday. GOLD
currencies we're only slightly changed
in quiet trading.
In London the dollar advanced rs
cents to the pound sterling. closing al
496ss, and in New York the British
currency was q of cent lower at
$4961s.
In Paris the dollar was unchanged
at an equivalent of 6.64 cents to the
franc, while in New York the French
unit closed .0O1s of cent higher al
6645s cents.
Based on the New York closing rate
of the French franc, the dollar was
at a discount of "a of q cent under
par compared with 81 of cent Fri
day and go of a cent month ago.
Bar gold advanced l penny on the
London market to 141 shillingS ~
pence, equal to $3505 a fine ounce,
at which price approximately $Ss3,63o
was purchased.
Evening star., 1934-09-30
STRIKE END BRINGS
BRISK DEMANDFOR
SPOT RAy0N YARN
Advance in Prices Unlikely.
Output Is Well Below
Record 1893 Mark.
BY JOHN A. CRONE.

Special Dispatch to The Star.
NEW YORK, September 29.-The
textile strike settlement has caused a
brisk demand for spot rayon yarn.
This demand comes largely from
weaving and knitting mills which were
unable to run during the strike. 1t
centers around $50 and 200 denier.
Although the present yarn demand
pleaSeS them, rayon yarn makers see
little immediate prospect of price ad-
vances. Present quotations average
more than 10 cents a pound below
those of year ago and 20 cents be-
low levels earlier this year
New Products May Help.
1t is doubted If production will
approach last years record of 207.-
578 900 pounds. New products, such
as Spun-dyed rayon, and the pickup
in general demand may lift produc-
tion considerably. II retail trade con-
tinues its gains, stores must buy, since
their inventories average 25 per cent
below those of a year ago. This pur-
chasing would help rayon goods man
ufacturerS and rayon yarn makers. In
dlly CNCllG, WIN ldyOli PlONuSIIOii,
owing to increase. output in Germany
and Japan, will break all records this
year. which is the fftieth anniversary
of the discovery Of the synthetic tex
tile.
Details about spun-dyed rayon are
being closely guarded by Industrial
Rayon Corp, though several other
yarn makers, including Celanese Corp.
of America, are said to have developed
a similar product or are reported
working on such q product.
Germany in Spotlight.
World rayon makers believe produc-
ton this year will approximate 744,-
100000 pounds, which would be about
83 ,445, 900 pounds, or 13 per cent more
States production may not exceed
1875, 1000 900 pounds, or per cent less
than in 1888. Japan, Italy, Germany,
Great Britain, France and Holland are
expected to expand their rayon pro-
duction.
Germany at present is in the rayon
spotlight. Rayon mills there are
working at 100 per cent of capacity
and are reported to have booked Or
ders to cover present productive ca
pacities until the end of 1885. They
plan to expand plant capacity by 35
per cent, but even with this expansion
the rayon trade does not see how 1t
will be able to keep up with domestic
needs the next two years.
(Copyrisht. 1934)
Evening star., 1934-09-30
OUTLOOK CHEERS
CANDY INDUSTRY
Volume Since First of Year Ahead
of 1933-Busy Fall Is
Anticipated.

By the Associated Press.
CHICAGO, September pa sur
vey of sales and distribution trends
of the confectionery industry shows
an increase of At 7per cent on volume
basis during 1888 and a jump of 223
per cent in value Of sales for the first
six months of this year, the National
Confectioners' Association said today.
Candy sales for the first seven
months of 1884 were reported to be
1879 per cent greater, in dollar volume,
than during the same period of 1888,
the association said. Department of
Commerce figures were used as basis
of the report. Sales for July itself,
however, were reported to be less than
July year ago.
According to a survey by one Of
the industry trade papers candy manu-
facturers are making plans for one of
the biggest Fall volumes in several
years.
Evening star., 1934-09-30
Canada DisclOses
Coupon Rates on
Refunding Issues
BY the Associated Press.


OTTAWA, September 29-Bonds
bearing coupons at the rates of 2, 2l2,
3 and 3l2 per cent, respectively. for
periods of 2, 5, 8 and Is years, will be
offered for public subscription Monday
under the terms of the prospectus of
the S25O.O00,000 Dominion of Canada
1884 refunding loan, officially an
nounced today by Hon. E. N. Rhodes,
minister of finance.
The bonds will be sold at the follow
ing prices: Two-year bonds at $3.50
yielding the investor 25 per cent: FIVE
year bonds at 9815, yielding 2.90 per
cent; eight-year bonds at 97o0, yield
ing 3.43 per cent, and the 15-year
bonds at $3.50 yielding 381 per cent.
Evening star., 1934-09-30
GLASS TRADE IMPROVES.

NEW YORK, September 20 R).-
A noticeable improvement in the de-
mand for pressed and blown glass
ware for kitchen, table and home use
was noted in the last week, says the
American Glass Review Flat glass
manufacturers are said to be en-
couraged by the prospects for in
creased building activity.