davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-04-05
UNTERMYER
CITES LINK
To KRUGER
New York Lawyer Tells SEN
ate Fletcher r-Rayburn Bill
Needs Much Changing
BY international News Service

Samue- Untermyer today &C
cused Lee, Higginson and
Company, of Boston, of "beine
responsible for the perpetra
tion of colossal swindles" or
the security holders of the
defunct Kreuger and Toll
companies.
Mr.. Untermyer made the charge
before the Senate Banking Com
mittee in opposing uniform mar
gin requirements and other provi
sions in the Fletcher-Rayburn bill
for Federal regulation Of the New
York Stock Exchange.
Stock Protection Asked
Urging the inclusion of require
ments guaranteeing machinery
through which stockholders OF
nondlvidend paying corporations
can Join for their mutual protec'
ton, Mr.. Untermyer declared:
'"The result of the present
situation is that it Is well nigh
impossible for protective com
mitteeS ON defaulted bonds or
other cOntesting bodies Of bond
holders to communicate with
one another. Their protection
against the powers that be- is
almost impossible.
eve recently had the last Of
many object lessons in this
connection, and one in which l
was concerned for the prOtec-
tive committees, in the case OF
the Kreuger and Toll and In
ternatiOnaI Match Companies.
sWINDI,E CHARGED
''The firm of Lee, HigginsOn
and Company Of Boston and its
issuing houses were responsible
for the perpetratiOn of colossal
swindleS on the security holders
of these companies. They were
grossly negligent.
"And yet, the issuing houses
connected with that banking
firm or their representatives
were able to corral the bulk of
these bonds, almost to the ex-
ClusiOn of the committees or.
ganized to protect the holders.
"ThiS was because of the in
ability of the protective com.
mittees to ascertain the names
and addresses of the security
holders, whilst the inner circle
had access TO that information.
Even an appeal to the court
proved unavailing."
Mr.. Untermyer severely criti
eized the huge profits made b!
the New York Stock ExchangC
through the sale of memberships
Raps High Commissions
He urged that profits from TIN
sale of Stock Exchange seats b.
"treated as a trust fund for public
benefit instead of a sinecure fol
members"
He declared that the sale o1
$50 seats at an average price O.
Continued on Page 2, Col. 81
The Washington times., 1934-04-05
Dry II Years,ChicagO
Suburb Votes Wet

CHICAGO, April S GN.SO.
After "a years of aridity decreed
by its founders, the fashionable
suburb of Lake Forest will permit
the sale of intoxicating liquor
after May 10. The city council
voted an ordinance permitting
the sale of beer at hotels and
cafes, and allowing the sale of
package liquor not for consump-
tion on the premises.
The Washington times., 1934-04-05
Rail Executive
PLlLnQeS to Death

BOSTON. April S Q.N.sJ.-A
mystery fall from the seventh
floor window of a hotel today
killed Fred W. Robertson, so, Of
Pittsfield, prominent railroad wei
fare executive. Two companions,
Edward j. Frenjen, of Rensselaer,.
N. Y, and Russell A. Bullock, of
West Springfield, who were sleep
ing in the same bed with Robert.
son, were questioned BY police.
The Washington times., 1934-04-05
Home Loan Measure
Called UD in House

Ignoring President Roosevelt's
request for approval of the Norris
amendment banning politics in the
Home Owners Loan Corporation,
the House today began conSidera-
ton of the Senate bill guarantee
ing 1000 million dollars of home
loan bonds. The bill was called
up under suspension of rules by
Chairman Steagall (D!O of Ala
bama, of the banking committee
The Washington times., 1934-04-05
Deadlock Marks
Nash Auto Strike

RACINE, Wis, April S U.N.SJ.
A deadlock between labor officials
today prevented settlement of
the Nash Motor Company and
Seaman Body Company strikes
in three Wisconsin cities and
return of 4,70O workers to their
iOhS.
The Washington times., 1934-04-05

House is not quite as serious as
it is in the Senate. because the
House has so many more mem
bers that committee assignments
are not so numerous.
On the other hand. District
matters that take up the time
CONTINUED on Page 10, Col. y
The Washington times., 1934-04-05
LEE, HIGGINSON CO. ACCUSED OF 'SWINDLE'
Problems Of District
Alien to Congress,
SAYS Br1tten

The Washington Times Ohich recently published series
of articles By Senator Mard E. Tydmgs of MarylGnd
ent today presents the second of o articles by Repre-
sensatve Fred A. Britten of Illinois, member 1vhose long
service and distinguished position among his colleagues
enables him to speak athorutively upon the NATTER
HIS experience avith administration of public affairs in
his home State gaze Mr. Bttem rather exceptional back
ground for assaymg the problems of the District.
Tomorrow Mrs. Virginia E. Jenckes, of Indiana,
conner to the House of Representatives and member Of
the House District Committee, will present womo"s
uieavpoint the present District set-up.
Bv REPRESENTATIVE FRED A. BRITTEN
of Illinois
have noted with much interest the comments made by
Senator lard E. Tydngs of Maryland regarding the pres
of committee work in the Senate and the difficulty
several members of the Senate District Committee find IN at
tending its meetings. many other important mat
ters compete for their attention.
have also noted the criticism that great deal OF time
spent in hearings on matters of interest only to District
residents by Members Congress who have the interests
constituents thousand miles away to serve.
The Washington times., 1934-04-05

That thought suggests that
these hearings might. in many
instances, be held quite as we'll
by the District Commissioners,
at the Municipal Building. and
with that view I am in thorough
accord.
The committee problem in the
The Washington times., 1934-04-05

WASHINGTON FORECAST
Fair tonight and tomorrow; warmer t0mOr.
row. Full weather report on Page 3, Section ~
MEAN TEMPERATURES
The Washington times., 1934-09-14

Orleans october "a, rs and 26 and
will accomplish even greater steps
in the development of the direct
reduction loan system which the
Federal Government itself is adopt
ing in its home-loan activities.
Both groups, however, will con.
centrate on one factor which has
become a problem in government
aid and private borrowing all over
the country-the lack of a uniform
Systm Of appraisals.
The board of directors of the
National Association of Real Es-
tate Boards, meeting in Chicago
in october; the American Insti.
tute Of Real Estate Appraisers,
meeting in Washington this
month, and the Institute of Real
Estate Management, which meets
in Chicago next week, all will
take up the problem of devising
The Washington times., 1934-09-14
DEATHS
Of z WOMEN

Homicide squad detectives to-
day are investigating the death
of two women. One leaped from
the Taft Bridge late yesterday
and the other swallowed a large
dose of poison in her apartment.
Mrs. Dorothy F. Hill, 80,
mother of three children, was
killed in a 150-foot plunge from
the bridge. Police found a note
pinned to her clothing asking
that they notify my husband,
Harry D. Hill"
Mr.. Hill. an examiner at the
Patent Office, told police his wife
had been in ill health. Surviving
beside the husband are three
sons, Charles, 6 months old;
David, 4 years, and Alfred, 7
years old.
Mrs. Ruth Patricia Dozier Fair
cloth, %, Of the 5000 block Six.
teenth st. N. W., died in Emer-
gency Hospital from the effects
Of poison which police say she
swallowed in the bathroom Of her
apartment late yesterday.
Miss Grace Rozelle, "a, told
police Mrs. Faircloth had been un.
employed and was separated from
her husband.
The Washington times., 1934-09-14
Civic Groups Seek
=, Bridge at Falls

Construction Of a bridge across
the Potomac River at Great Falls
will be sought by various Mont.
gomery County, Md, civic groups
when Congress meets next year,
under plans being made today.
The organizations plan appeals
to Maryland members of Congress
and will also seek the support of
Virginia civic leaders in the pro.
posal. The request will be made
that the bridge be built jointly by
Maryland, Virginia and the Fed.
eral Government,
The Washington times., 1934-09-14

1ieves that the lawyer should do
his share in community enter
prise-and he has been. going
strong.
Moreover, he is becoming some
thing of a radio artist, going on
the air every few evenings to tell
the people of the city what the
regatta and its night pageant are
all about.
Judge Harry F. Kennedy-that
title is no nickname, for he is a
real judge in Alexandria-catches
real fish when he goes after them.
Probably no cove or inlet in the
lower Potomac, especially on the
Virginia side, has not been visited
by Judge Kennedy.
Harry F. Kennedy, jr., appears
to be following in his fathers
wake, however, for his recent fish
ing trip was undoubtedly a sue
cess. The following excerpt from
a letter from the Smithsonian In
stitution is self explanatory:
Ou DGn8AA O1 buC N&SAVA0A
Museum 1 take pleasure in
acknowledging receipt Of
specimen Of young black drum
fish (PegOnias crOmis), caught
by you off Urbana, Va, which
you recently turned over to the
national collections"
So far, young Kennedy's dad
has only caught plain drum fish
never has he boasted Of Pogo
Mas cromiS.
Selig c. Brez, having conducted
the reorganization of the Auth
Provision Company and attended
the sessions of the American
Bar Association in Milwaukee dur
ing the summer, is winding up the
vacation season with a cross-coun-
try trip. Recent reports say he is
visiting the rare old missions in
California.
The Washington times., 1934-09-14
HOmeSitesGrante
Wandering Indians

GREAT FALLS, Mont, GN.S.)
Homeless Red Men Of Great
Falls Hill tribe, will be the first
Montana beneficiaries under the
homestead subsistence plan. Fed
eral officials announced that the
Indians, numbering about 1875
persons, who for years have made
their homes on a hillside near the
city, would be given tracts of land
to work.
They. are outcasts from many
tribes. individuals who, for various
reasons, have been unable to OBJ
tain tribal benefits on any reser-
VationS.
The Washington times., 1934-09-14
CONVICTS GIVE BLOOD

SAN UENTIN PRI S ON,
G.N.S).-Twelve San Quentin con.
victs have voluntarily given 800
cubic centimeters Of blood for use
in making anti-infantile paralysis
serum. The blood, taken from
the convict's arms by Drs. A. r.
Giberson and Theresa Marston,
was donated to the Marin county
Medical Society.
The Washington times., 1934-09-14
LOAN GROUP WILL MEET

sound methods of conducting real
estate appraisals.
In this connection the various
groups will be assisted by officials
of the Home Loan Bank Board,
HOLC and FILA, all Of which
have met the appraisal bugbear
in the course Of operations of
those agencies.
The Washington times., 1934-09-14
Danvlle Textile
WalkOut Ended

DANVILLE, Va, Sept. 14.-With
cancellation Of the United Textile
Workers short-lived strike in the
Riverside and Dan River cotton
mills here, work was resumed un-
der auspices little different from
those of the past week.
State, city, and county police
were at Schoolfield. The city po-
lice force was again on duty in
full strength all night and will be
kept on emergency status for some
days to come, Chief of Police
James H. Martin said.
The Washington times., 1934-09-14

ings here and
in Chicago dur
ing the latter
part Of t he
month, another
powerful group
allied with real
estate develop
ment will be
laying fl n a ]
plans for q gi-
gantic conven-
ton in october.
The United
States Building
a n d L o a n
League W / ! !
meet in New
The Washington times., 1934-09-14

Tommy's nau-
tical experience
has been mostly
with canoes, but
recently he has
be en- d in G
some sailing in
the Sloop of a
friend and has
become really
boatwiSe.
His high posi-.
ton in the Fed
Grafton of Citi.
zenS ASSocia-
tions made him
t he logic "a !
choice for t h e
The Washington times., 1934-09-14

being directed
by q lawyer.
T he m q S E.
Lodge was ap-
pointed chair.
m al OF tn e
night pageant
committee early
in the prepara-
tionS for the
regatta when
General Chair.
man John A.
Remon decided
it would take q
person with un-
usual persuasive
The Washington times., 1934-09-14
TROOPS HARVEST GRAIN

MUNICH, Bavaria, G.N.S0-To
facilate handling of this years
grain crop storm troops will be de-
tailed as harvest hands through
out districts which need additional
help,
The Washington times., 1934-09-14

duce boat owners to make the
outlay for the necessary decora-
tions. So naturally he turned to
a lawyer member Of the commit
tee,
The Washington times., 1934-09-14
By DICK BAKER

While three controlling groups
of the real estate development
field are holding important meet
The Washington times., 1934-09-14
HEADS
PRESIDENTS
REGATTA

The most spectacular feature Of
the approaching Presidents Cup
Regatta-the night pageant-is
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
HOSIERY MILLS STRIKE
AFTERMATH DESCRIBED
By a Reader.

BY Reader.
1 am one of the many interested
in the strike that took place at
hosiery mills here. 1 have over
heard conversations concerning
treatment of employees.
The way I understood the con-
tract that was printed in your paper
is this-that each employe would be
taken back except those who COM
mitted violence and work would be
divided equally.
1t seems that isn't being done
or anything like it in the scanning
and boarding departments. Why?
The ones who stayed in never did
get full time and why should they
now?
For the last two years none of
them has averaged more than thirty
hours a week. I have friends who
work there and know.
Why must two girls run the seam
ing and boarding departments? Both
departments only are allowed to
work every other week and if the
girls who stayed in were not such
penny grabbers they would be will
ing to divide the work as was done
before the strike, which might help
to avoid another one. If the strik-
ers had not voted to go back as
they came out with the understand
ing that they would work as before,
would these girls be working now?
Probably not.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
DIR HUMAN' RACE

ONCE in a while people do things so in
~ credibly brutal and callous that one is
almost moved to despair of the human race.
Doug Davis speed flier, crashed and was
killed during race at the national air races
recently In a few minutes some $500 people
had formed a mob about the wreckage of his
plane They tore the plane to bits for SOU
venirs. one woman jerked a button from the
dead fiier's body and sold it for IS.
The mob was so dense that an ambulance
was unable to reach the scene. When police
and race officials tried to force the mob back,
they were cursed and asked, Why should you
have all the fun?"
1t is impossible to find words to express
the disgust which decent people must feel at
behavior o. that kind. The spectacle is
enough to make a profound pessmist out of
every one who observed it.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08

that preyed on American vessels during the
war
That at the time of the Tacna-Arica dis
pute the American firm negotiated for the sale
Of submarines to Peru. at the same time
coaching Vickers on how to obtain submarine
business from Chile, Peru's enemy; and that
an officer Of the American firm lamented Bit
terly in a letter to a Vickers officer when the
United States forced resumption Of diplomatic
relations between Peru and Chile saying: 1T
is too bad that the pernicious activities Of our
state department have put the brake on anna
ment orders"
That when Peru and Colombia were at the
brink OF war in the Letiticia dispute United
States naval officers worked out war plans for
both countries. thereby aiding one American
companys efforts to sell its goods to Peru and
another American company's dealings with
Colombia.
That the Wsr department turned over It's
secret plans for anti-aircraft guns to this sec
ond American firm so that it could make the
guns and sell them to Poland and the navy
department sent a cruiser to Constantinople TO
demonstrate this same company's anti-air-
craft guns to the Turkish navy.
That a submarine firms Washington lob
Dyist boasted to his boss Of his successful cam
paign in 1923 to place to supposedly friendly
Republican congressman on the powerful house
rules committee. and of his success in lobbying
through a 100000 claim against the govern
ment.
That alleged bribery is a practice of certain
munitions companies and their statesmen.
This record speaks for itself.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
THE LAUGH is ON US

Jesse L. LIVERMORE, Spectator who
- holds the title of the boy plunger of Wall
Street." went into bankruptcy early this sum-
mer Now he has paid off his 100000 debts
and has a comfortable fortune for himself.
Honest toll and careful frugality have res
cued many a man from financial disaster. In
this case, however, it was a combination of
the drought and the Chicago wheat pit that
did the trick. Mr.. Livermore played the mar
ket in wheat, and rode up with the rising
prices. The result was very tidy profit in
deed
The ordinary citizen is occasionally bit
puzzled as to the exact nature of the social
service which is performed by the specua-
tor in commodities This feat of Mr.. Liver
mores, however gratifying it may be to that
gentleman and to his creditors will do little
to clear up such confusion.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
RECORD OF A RACKET

IN the f0ur days 1t has listened 10 witnesses
and examined correspondence. the senate
munitions investigation committee has made
what may be described mildly as a few star
ting revelations:
The record. at the close Of testimony last
night. showed in part:
That Sir Basil Zaharoff European NUM-
lions magnate. Is stockholder IL one Amer
lean submarine firm. which paid him more
than $1,000 COO in commissions" and whose
officers gave him free advice on how to avoid
payment OF United States income taxes; and
that sir Basil counSeled the American COM
pany on the technique OF lobbying success
fully with the United States navy depart
ment and. prevailed upon It to use its in
luence 10 get the United States state de-
partment to help it pe6dle submarines TO
Spain.
That the same company has had a cartel
agreement with Vickers. Ltd, Of England
whereby the two firms. in concord with lesser
manufacturers in other lands. divided the
markets Of the world and shared patent Sc
crets and profits; that American submarine
patent secrets passed freely into the hands
OF the British government. which is closely tied
up with Vickers. and passed on into the hands
OF Germany 10 be used IN the German U-boats
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
-R.OtBRG-'
PRAISES ARTICLE BY
HERBERT HOOVER

BY S. o. S.
1 have just finished reading for
mer President Herbert Hoover's ar
ticle entitled "A Challenge to Lib
erty." This is indeed patriotic ut
terance of a great man who mas
been smeared and slandered to a
greater degree than any national
hero in our history.
When 1 read this splendid ar
ticle 1 thought of the boy reared on
an Iowa farm, who, by industry,
thrift and ability, became the
greatest engineer in the world. I
thought of the man who fed the
people of Belgium, the man Wood
row Wilson appointed food adminis-
traitor in 1917 and the man who
became President, only to have
worldwide depression to face when
he had set Up as his ideal-the abol-
ishment of poverty.
Today he rises from the dignified
silence which he has maintained
since his retirement to fight for the
preservation Of American liberty.
The Constitution which he up
holds places emphasis on human
rights. Under the New Deal, mo-
nopolies and big businesses have
been favored, while the small BUSH
ness man and the common man
have suffered. Millionaires can buy
security The common man has
security only because he is protected
by the Constitution.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
SATURDAY sEPT .. 1898
INDIANAPOLIS STRIKE
PAGE 6

INDIANAPOLIS is one Of the battlefronts
Il in Americas giant textile strike. Amid
varying claims. impartial observers say that
so per cent Of the indianapolis Bleaching Com
.nys employees are out on strike.
But this is not 70 draw word pictures Of
troubles and ominous results that both
les in the bitter strike fear.
Indianapolis part Of the strike has been
aceful. thanks to an attitude Of common
use on the part Of both the plant manager
d the strike leaders.
Charles A Young. manager Of the plant.
IS conducted his dealings with the strikers
a dignifed plane. He has not attempted
90 threaten. caiole or intmidate them, &C
cording 20 the reports that have emerged
from the scene Of the strike.
And the strikers. on their side have con-
Quoted themselves likewise with dignity and
restraint. They have been pickeung the Indi-
annapolis plant the way picketing should be
conducted If they have added more workers
to their lines. as they appear to have done,
they have done it without violence, without
stone throwing. without sluggings and beatings.
The indianapolis Times sees the local strike
situation as a friendly dispute between the
employer and the employe. We hope sincerely
that both parties reach an early agreement,
that the Indianapolis Bleaching Company,
when it does resume unlimited operation, will
take back the leaders in the strike with no ami
mostly; and that all future disputes can be
settled in the same friendly manner in which
the first days of the strike have been con-
Quoted. Even better, the peaceful method OF
this strike may very well branch out into what
eventually may become a round-table confer
ence for both parties. making strikes Unneces-
sary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-08
HALF-THAWED CREDIT

low the New Deals freedom to survive
L was built up on the old orders freedom
to perish is told graphically in Mr. Rchberg's
fourth report to the President.
In his review of steps taken to relieve
financial pressures, Mr.. Richberg tells how
home owners have been saved from foreclos-
ures and railroads from receiverships, how
bank deposits have been made secure and the
frozen assets Of financial institutions partially
thawed out and made available for productive
use.
Up 10 Aug 3. the Home Owners Loan
Corporation lifted the threat OF foreclosure
from $4,000 homes, lending sl20c $4,000 to
that many distressed owners who could not
obtain credit relief elsewhere. Mr.. Richberg
predicted that the same aid will be extended
to 100000 additional home owners in the next
eighteen months, and that the Hole Will be
Equidated without loss to the taxpayers at the
end OF eighteen years.
If the HOLC had not been created, it is
probable that many of these home owners
would have been turned out into the streets,
and the banks. insurance companies and other
mortgagors would have been saddled helplessly
with debated real estate.
In the ten years ending in December 1882
there were 1000 bank failures. The New Deal
was uShered in amid general bank panic But
approximately 100000 bank deposits are now
insured-97 per cent to the full amount
through the Federal Deposit Insurance CorpO-
ration. which has assumed insurance liability
in excess Of S12OOOOOOOO Only five insured
banks have closed this year and the FDIC is
paying off the depositOrs.
The Reconstruction Finance Corporation.
discussing $685. 100000 out Of a total Of nearly
IS 100000 600 authorized. has given relief to
railroads. banks. insurance companies and all
types of financial institutions. 1t has provided
funds for self-hquidating projects. helped TO
Houidate the assets of nearly 500 closed banks
and strengthened the capital structures Of
hundreds OF operating banks. Recently the
RFC started making direct loans to industries
which have been unable TO borrow from the
reiuvenated financial institutions.
This IS only part OF the picture. Govern
ment credit has also been pumped into the
debated private financial structure through
the Federal Home Loan Bank system. the
Federal Savings and Loan Insurance Corpora
ton. Farm Credit Administration. Commodity
Credit Corporation and Federal Housing Ad-
ministration.