davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-04-28
THOS. ]. OWEN & SON. AUCTIONEERS.
1431 EYE ST. NV.

TRUsTEES SALE OF VALUABLE REAL
Story CONCERTS oARAaE AND
PREMis fFREISf sTArI9s I9sd k1S2TEENFa KS1Th fl
BY virtue of a certain deed Of trust.
duly recorded in Liber No. 6261. folio
422 ct seq, Of the land records Of the
Of the party secured thereby, the under
signed trustee will sell at public auction
In front Of the premises; % on N, MONDAY.
the foliowing described land and premises:
situate in the District of Columbia. and
DESIGNATED as and being original lots num-
bered twenty t20) and twenty-one (21l
in square numbered one hundred and
Terms Of sale: one-fifth of the pur-
chase money to be paid in cash. balance
in four equal installments. payable in
one two three and four years. with
interest at 5h per p, eentum rtsI, per a. annum. a
Secured Secured By first deed Of trust upon the
property sold. or al cash. at the option
Of the purchaser. A deposit Of $4,000
will be required at time OF sale: All
conveyancing. recording. revenue stamps.
to be complied with within thirty days
from day Of sale. otherwise the trustee
reserves the right to resell the property.
at the risk and cost Of defaulting pur-
chaser. after. five days advertisement Of
in washiRfMsfEnR AMER1daN "A { SECURITY AND
TRUST COMPANY; Trustee.
Vice President.
tse.o 4: H. Asssis: ssaIE:L1NoroN.
Assistant Secretary.
Evening star., 1934-04-28
LOUIS OTTENBERG,

i431 EYE ST. NV.
TRUSTEES SALE oF VALUABLE REAL
BRiCK DWELLING. coNTAINfNd
EIGHT ROOMS AND BATH, KNOWN
AS 4s1S EIGHTH STREET NORTH
BY virtue of certain deed of trust.
recorded in Liber No. 1857. at folio 900.
OF the land records Of the District OF
sgg eeH6s Secured sdd tss5R the the 9t ns
the premises. on TUESDAY. The FIRST
oC1ocK PM. the following described
land and premises, Situate in the District
Of Columbia, and being lot numbered one
division made by the ay-Schrider-Kay
Company. Incorporated. OF lots in square
at folio 3s. of the records of the once
Of the surveyor for the District Of
Terms of sale: Purchaser to pay one
fourth of the, purchase price in cash.
the balance in three installments. in
with interest at the rate Of six (6J per
centum per annum. and secured by deed
OF trust on the property sold or all
taxes paid or adjusted to the date OF
sale; purchaser to pay interest on pur-
chase price from date of sale to date OF
annum;, all conveyancing.. recording. rev.
purchaser: good title or no sale
deposit of $3.50 will be required at the
time of sale and settlement to be
within thirty 800 days of the date OF
sale. or deposit forfeited. and the prop
erty resold. at the cost and risk Of the
defaulting purchaser. after five (5) days
previous advertisement of said resale in
some newspaper published in Washing
J. wRILEY JACOBS
SURVIVING Trustee.
925 18th st. NV
Washington D. c.
ap1I 1921 123,25,26,27. .2S 30-myl
THOS J, OWEN & SON AuCTIONTFpS
Evening star., 1934-04-28
OBSERVATION-DISCLOSURES.

81 NEW YORK AVE. NE.-coNTAINING
ming through to N ST. Building in perfect
condition and well equipped with neces-
sary warehouse facilities
w. H. WALKER. 734 18th st. NV
Evening star., 1934-04-28
SALE OR EXCHANGE.

WOULD SELL OR EXCHANGE NORTH
Beach cottage. value $1,000 for property
elsewhere. Box 100, Capitol HEIGHTS Nd
29'
GROOM HOUSE IN CHERRYDALE, VA
for a smaller home in the District Of Co
lumola. 2l3 Columbia st. No agents. 29'
MODERN s-STORY APARTMENT BUILD
ing in downtown section; apis. all rented
Consider exchange
w. H. WALKER, IA 18th ST NV
Evening star., 1934-04-28
AUCTION SALES.--FUTURE DAYS.
THos. J. OWEN q SON. AUCTToNEERs,
143l EYE ST. NV.
TRUSTEES SALE OF VALUABLE REAL
ESTATE THREE STORY BRICK
BUILDING. CONTAINING THREE
AAPPAaETMENTS; APa KNOWN AS l446

AAPAETRENTsi A6keDREN sEntkE KNo%N N0s7.vsI4 As I44d
duly recorded in LIber No: 54k@, folio 200
ct seq. OF the land records Of the District
party secured thereby. the under signed
trustees. will sell. at public auction, in
i5SP 4sR Ss4H e af BSY R5sRi;s; s. %1y
AT FOUR-THIRTY O'CLOCK PM. the
following described land and premises, situ-
Of Columbia, and DESIGNATED as and being
lot 81 in George H. Plant and Georse W
Rigs subdivision o. lots in square 20s
% Of the records Of the once OF the sur
veyor OF the District of Columbia.
Terms % sale sS ne ess 81 Saasce ns S .Ss
equal installments. payable in one and two
years, with interest at six per centum per
sale secured by deed OF trust upon the
property sold or all cash, at the option OF
the purchaser. A deposit Of $500 will be
recording. etc. at cost Of purchaser. Terms
Of sale to be complied with within thirty
days from day Of sale; otherwise the trus-
tees reserve the right to resell the property
at the risk and cost Of defaulting pur.
chaser after FIVE days advertisement OF
such resale in some newspaper published
william CLARK yI6sE... TAYLOR:
THOS. J. OWEN & SON. AUCT1oNEERs.
l43l EYE ST. NV.
TRUSTEES. SALE OF VALUABLE BRIcK
1928 VERMONT AVENUE NORTH
BY virtue Of a certain deed Of ot trust; Tu;,s
55 ct sea-, Of the land records OF the
District Of Columbia, and at the request
of the party secured thereby. the UNDER
signed trustees will sell. at PUBLIC auction:
FOURTH DAY OF MAY, AID. 1924. AT
es'i.is the District tot Of Columbia. and DESIGNATED
as and being part Of original lot in
square 243; beginning. for the same at
the northwest corner Of said lot and run
ming thenes southerly al9ng the eastsTs aSsnds
easterly at right angles to said avenue
and parallel with the north line Of said
an angle in the north line of said lot:
thence westerly along said north line
SO feet 10 inches, to the place OF
Terms Of sale: one-third of the pur-
chase money to be paid in cash, balance
in two equal fnstallments. payable in one
and two years, with interest at per
from day of sale secured by first deed Of
trust upon the property sold. or all casn.
at the option Of the purchaser.
of sale. AL conveyancing. recording. etc.
at cost of purchaser. Terms of sale to
be complied with within thirty days from
the right to resell the property. at the
risk and cost of defaulting purchaser.
after five days advertisement of such
'''''''' '' FERNAND PETIT.
c. HERBERT BOWEN.
LOUIS oTTENBERo.
Attorney for party secured.
Evening star., 1934-04-28

SILVER SPRING, MD.
2 large building lots. Shade,
sewer, water, gas, electricity.
Near school, churches, stores
and bus line. Bargain.
FRANK L. HEWITT,
S4l7 Ga. Ave. SE1. 3203.
Evening star., 1934-04-28
EXCHANGE.

WILL TRADE 2OO-ACRE FARM IN VIR-
glnia as first payment of to 8 room
dwelling in District of Columbia. Maryland
or Virginia near District Of Columbia Give
Getaus IN your answer. Owner. Address
Box 174-H. Star ONCE 2Os
Evening star., 1934-04-28
SALE-I0TS

LOT 40x12O WITH CURB PAVED
street, sewer. water. gas. cleo Only $500
cash; GEO: E. DIEFFENBACH, MA. $3.50
or EN-. 4l11.
GEORGE WASHINGTON PARK ALEXAN-
ora. Va. lust of King St Very high
ton Memorial > beautiful lots. 5OxIOO
each; masniflcent view; fine homes sur
rounding. Call JOHN J. SLATTERY, own
er. Emerson 566l.
UNIVERSITY PARK. MD-TEN CHOICE
lots offered to home builders; only $500
each, ARTHUR CARR Real Estate,
Hyattsvllle. Nd. Phone Hyattsville l5g.
DESIRABLE RoW--HOUsE LOTS IN VA.
rlous sections of city
B. H GRUVER. OWNER
Investment Bldg ma. 1877
LARGE LOT. RIVER RD.. ST. AIMS
Parish. sell for less than assessed value
for cash.
A. D CRUMBAUGH
4IO3 Wis. Ave. CT, 1264
Evening star., 1934-04-28
sALE-BUsINEss PROPERTY,

BUY YOUR BUSINESS HOME m
heart Of downtown Wash. on less than
rental rental terms. $500 in cash or sound
this property at $3.50 Of assessed value.
Within one square of Woodward &
Lothrop's. Call Mr.. SCHMIDT. MA. 9257.
Evening star., 1934-04-28
SALE-HOuSES.

NEAR WARDMAN PARK.
Hotel. west of Conn. ave- Modern semi,
detached brick. rooms (5 bed rooms). Q
weather strips. Oil burner. elec. refrigera-
tion, fireplace, sleeping porches. gear
brick garage. Price only So. 500.
L. T. GRAVATTE,
729 18th st. Realtor ma. 0753.
Evening phone, GEORGIA 1900.
Evening star., 1934-04-28


A CHEVY CHASE BARGAIN.
3125 NORTHAMPTON ST. NV,
This most desirable stucco mouse rs LOT
the first time placed on the market at
the low price of 50 900. reasonable terms,
and owner will finance deferred purchase
money. Contains six large rooms ano TWO
baths: nice lot. with garage in rear, open
Sunday afternoon; walk in and inspect
THoS' MORTON CUTTINGS. Atty.
National 2S7S. %.
SUBURBAN HOME
Within 10 Minutes Of the Treasury Dept.
Near Mass. and Wis. Aves.
Lot 1OOx20O-Center-Hal Plan.
Large living room. dining room, kitchen,
pantry lavatory. 4 bed rooms. bath.
servants rooms. 2 garages. shade trees
and shrubbery.
wAGGAMAN-BRAWN REALTY CORP.
1900 Eye st.
ME. 1850. or CL. 1852 After g M.
MODERN DETACHED BRICK RESIDENCE
located at 691sia Arlington rd. Edgemoor.
o-car detached garage; large lot, beauti-
Open all day Sunday. April 90.
TYLER & RUTHERFORD INC.
1890 K st: NV. MA. 0475.
REPOSSESSFD BY HOLDER OF FIRST
trust-16th ST.. near Scott Circle. At
tractive corner home. newly decorated. 10
rms. b. viii sell on small cash pay
ment or consider exchange.
w H. WALKER. 734 18th st. NV
Evening star., 1934-04-28

BIGGEST OF ALL BARGAINS, DIRECT
from owner-Beautiful seven-room home.
in new condition, two-car garage to match
house on 20-ft alley; wonderful shrub
berry. fr4it. flowers; finest SECTION in city,
will sell for S995O. Additional discount
for all cash over 1st trust of $500.
Address R0Y ONE Star Office
Evening star., 1934-04-28
SHORE PROPERTY.

ATLANTIC CITY. MARoATE. ETc.-fN:
formation on request. Home building OF
homes ready for occupancy. MAHONEY
CO.. Margate, N. ].
Evening star., 1934-04-28

THoS J. OWEN & SON, AUcTIoNEERs
1431 EYE ST. NV
Evening star., 1934-04-28

NEW ALL-BRICK sEMI-DETACHED CO.
lonial home containing large llving room,
rooms and two full baths; large lot. ga
rage paved street; IN Michigan Manor,
the restricted community OF satisfied nome
owners Inspect 1908 Allison St ne.
without delay. call EUGENE H. PHlFER.
Evening star., 1934-04-28

ADAM A, WESCHLER & SON. Auctioneer
Evening star., 1934-04-28

WOODBRIDGE. D. c.
Builder says sell. 2S17 18th ST. n-e- s.
places. garage. This house has $3.50
first trust. See the property. then make
US an offer with 81 500 or more cash.
WOODBRIDGE REALTY CO..
na-- . Are N Z NO 1003.
Evening star., 1934-04-28

PHONE SERVICE TO 8 PM.
S5 95O-NEAR Sth AND F SITS. Ne
Semi detached. six-rooms and bath
brick; close to car line and schools
New hot-Water heating plant, cleo
refrig. Suitable for remodeling into
ss,5oSpENGLIsH BRICK HOME IN
BURLEITH-Six rooms. hot-water heat,
hardwood floors, garage, Strictly white
neighborhood: deep yards. quiet streets:
Near the Western High School; only
10 minutes from the downtown SECTION
&s,95O-NEW BRICK SEMI-BUNGALOW
Just being completed. On a lot 50Xl2o
feet or the prettiest street in Chevy
Chase Gardens. Five rooms, Including
two bed rooms and bath on the nrst
floor: two bed rooms and bath on the
second front porch. Gear built-ln ga
rage; every up-to-date convenience
SHANNON & LUCHs co.. oo,.
A.
The Washington times., 1934-07-27
WOULD LIKE
ONE MORE
MEMBER
BY GARRETT WATERS

Here's another league, sandlot
fans. which promises to cut wide
swath in local baseball doings for
action, interest and entertain
ment.
It's the Columbian Insect
League, which opens on August 3.
J. c. Cohen is the president Of
this circuit. This official. quite
like countless others of his class,
has worked hard in recent weeks
to organize the Columbian League.
Ten teams are enrolled in the
circuit. They include the Capital
A. c., the Star Radios, the Heine
Manushs, the ClarendonS, the
Capital Towels, frankie Frischs.
Hyattsville Sluggers, Northeast
Jays, Rock Creek Ramblers and
the Southeast All Stars.
All games will be played on the
Monument Lot diamonds. The
entire schedule hasn't been drawn
up as yet, but the August 3 con-
tests will find the Capital A. C's
playing the Star Radios, the
Clarendons facing the Manushs.
the Capital Towels engaging the
frankie Frischs, the Hyattsville
Sluggers meeting the Northeast
Jays, and the Rock Greek Ram
blerS opposing the Southeast All
Stars.
Although the league has 10
teams in line, President Cohen
would like to have one more nine
join. ANY insect team interested
can communicate with President
Cohen, 1888 F st. N. E. All con-
tracts and player rosters of the
teams already IN the circuit can
be sent to this address also.
There are four interesting week
day league games on tap today
on the Monument Grounds. In
the Departmental League, G. P. o.
is listed against Navy Yard. In
the Federal League, A. G. o.
meets Currency; in the Industrial
League, Pig n Whistle opposes
the Home Owners Loan Corpora
tion, and in the Colored Depart
mental League, Commerce meets
National Museum.
The Washington times., 1934-07-27
SINGLES TODAY
IN NET PLAY

Singles feature the matches in
today's public parks tennis tour
nament, now in progress on the
Rock Creek courts.
Barney Welsh meets Ralph Nc
Elvenny in a semifinal battle At
4:30 o'clock while Dooley Mitchell
is scheduled against Bud Markey
at S o'clock. Welsh and Mitchell
are favorites to win these matches.
The important development OF
yesterdays matches was the de-
feat Of the doubles team of Axel
Craven and Tony Latona, in the
semifinals of the doubles. This
pair went down to defeat before
the team of Dooley Mitchell and
Bud Markey, 8-6, 60.
Barney Welsh and Ralph McEl-
venny reached the doubles finals
by defeating Pat Deck and Joe
Baker, 60, 6-3. They accom-
plished this feat after winning
the second set of their quarter
finals match against Hugh Trigg
and Allen Staubley, 1913. The
pair won the first set, 6-1, on
Wednesday.
The Washington times., 1934-07-27
VA, AVE.. WINS
TRACK TRIALS

Scoring 90 points, Virginia Ave-
nue. easily won the Southern di-
visional track meet of the Munich
pal Department of Fairgrounds an
nual track trials.
Seven Fairgrounds competed
with Van Buren, finishing second
with 80 points; Garfield, and
Buchanan, third, with 81 points
each; jefferson, fourth, with 20
points; Congress Heights, fifth
with 13 points and Hoover, last,
with 2 points.
The outstanding events of the
day we're the one-mile relay, won
by Virginia Avenue; the one-mile
race, won by 6. Shorb, of Gar
field, the 100-meter dash, won by
John Cavallaro, of Buchanan.
The trials were held at the
Eastern Stadium. Today, the
eastern divisional trials will be
held at 2 o'clock.
The Washington times., 1934-07-27
.BAER HAD EASY
ROAD To TITLE

CONTINUED from First Sport P0ge)
pariel. Ketchell was a good
fighter, but / doubt if he was
the best of his time.
"The heavyweights who were
best were FitzsimmOnS, Corbett,
Jeffries and Tom Sharkey.
ANY of them could beat Demp-
sey. I think / could have
beaten Dempsey inside of 10
rounds. Just make him lead
and you had him. His style
would have made him easy
for me-"
You will notice that johnson
carried his hatred for Langforc
to a degree where he refused tc
rank the Boston tar baby. But
make no mistake about Langford
He could whip a room full o1
Ketchells when the checks were
down. And this writer would like
to work a miracle in time anc
change, bring johnson and Lang
ford into the ring together a
their peak, and sit back tt
watch one of the greatest battles
ever waged between glovec
humans.
The Washington times., 1934-07-27

boats.
The first four stops were non
productive. BY that time it was
7:3O, and nearly slack water so we
drifted across the Top, cumming
every now and then. It wasn't
long before we were in the fish,
and how. Small hardheads with
about every fourth one fair sized
trout. But as all good things go
quick, ours did, too, with the ar
rival of a very business like
thunder Squall.
Bass Good
At Oregon Inlet last week the
channel bass were in fine fettle,
from 40 to so pounds each. and
20 or better to the boat. The blues
were also plentiful, but small. Try
it this coming week.
Capt. George Bowen, at Solo
mons reports the past week was
good. One to 200 hardheads and
20 to so trout to the catch. He
didn't say how large.
The Middles and the Gooses
have been non-productive for the
past few days. We recommend
some other place over the week
end, although by that time the
GooSeS is liable to be good again.
Bass Season Wednesday
The bass season in tideWater
opens next Wednesday. Accord
ing to all reports, Bush River,
Md, should be a good place to
try. Piscataway Creea, just below
Fort Washington, is another good
bet. The Susquehanna has been
clear and fishing good, both at
Rock Hall and at the dam. Many
good catches of rock, bass and
wall-eyed pike have come in.
The Capitol Casting Club really
took its rivals from Baltimore for
a ride in their tournament this
week. The final score was q to
IL, with Washington taking every
first place but one. DR.. w. B.
Holton, George Cook, w. H. Smith
and Donald Carpenter each placed
first in one of the events. The
wet fly accuracy event was held
for the first time in the east.
The Washington times., 1934-07-27
National League Un1p
Suffers Auto Injury

NEW YORK, July 27.-Charles
(Cy9 Rigler. veteran National
League umpire, will be on the
shelf for some time yet, it de-
veloped today. Rigler, who has
been absent from his duties for
several weeks because of a broken
rib, wired National League head
quarters from his home in North
East. Pa, that he had sustained
a broken left ankle, cuts and
bruises in an automobile accident
The Washington times., 1934-07-27
COLUMBIAN INSECT LEAGUE BOASTS OF TEN TEAMS
DEAN PITCHES,
CARDS SPLIT
WITH GIANTS

Between them the bashful Dean
brothers have trimmed the Giants
eight times this year without a
defeat. Each has four victories
over them to his credit. Paul
scored his fourth yesterday, al
though he was to have some help
from Brother Dizzy when the heat
became too Oppressive.
Between them they have &C
counted for one-fourth of all the
losses the Giants have suffered
this year and were it not for them,
the Giants would be so far out
in front, the National League race
would be joke.
Bill Terry said last night it was
just as we'll that the third Dean
brother was still pitching in the
minors. Bill has already seen two
too many Deans.
HubbelI Blasted
The Cards made life easy for
the younger Dean by blasting Carl
Hubbel off the mound for his
third straight defeat. The score
of that one was to 2. But the
Giants evened matters in the
nightcap when Freddy Fitzsim-
mons turned in his eighth straight
victory. The score of that one
was 6 to 3.
Old Uncle Tom Zachary, who
has been around both leagues a
long, long time, had a six-hit game
up his ancient left sleeve and the
Dodgers took the Cubs, 6 to 3, and
incidentally handed big Jim
Weaver the first setback he has
had this year.
The dead-pan Pirates finally
came to life after dropping nine in
a row and shut out the Phils, 3 to
o, in the first game of a double
header. They reverted to their
losing ways in the nightcap, how
ever, and we're knocked off, S to 8.
Larry French held the Phils to
three hits to win his game and
Curt Davis kept a dozen Pirate
hits we'll spread to score his four
teenth victory.
The Reds came to life long
enough to pound trio of Bos-
ton pitchers for 10 hits and
walked in, 12-5.
Sox Upset Tigers
The Red Sox knocked the
Tigers out of first place by
hopping on a quartet of throw
ers for II hits and an 11-to-2
decision. Hank Johnson held
the Tigers to eight hits and was
never in danger.
The Yanks moved to the top
by virtue of Lefty Gomez four
hit pitching and Lou Gehrig's
twenty-ninth homer. The COM
bination resulted in a 3-to-1 vic
tory over the Browns. 1t was
Lefty's sixteenth victory. Buck
Newsom and Hal Coffman be-
tween them gave the Yanks only
four hits, but that wallop of
Gehrig's was the pay-ball.
NO TOE PLATES
Guy Bush, Cub pitcher, never
wears toe plates on his shoes.
The Washington times., 1934-07-27
Shields Faces
Austin in Net
Cup Finals

LONDON, July 27.-Frank
Shields, ranking tennis player
of the United States, will meet
H. w. Bunny" Austin, the
British star, in the opening
match of the Davis Cup finals
between Great Britain and
America tomorrow.
In the second singles match,
also scheduled for tomorrow,
Sydney B. Wood, the American,
will meet Fred Perry, ace of
the British tennis courts.
Tuesday Shields will meet
Perry in the opening match
and Wood will meet Austin.
The Washington times., 1934-07-27
RULES FOR THE CONTEST

October r.es awarded
% SG es .ss. @ " & % % S SS 81 % Es S T g. flour
XkGEM0TTH BASS: No. Two prtse
and No s I.
q
-Fh within OF IS miles Of
ment n
Fishing last Saturday night pretty much of washout
all around with the lower part of the bay doing slightly the
best Sunday evening went to the Hilltop between
Poplar Island and Bloody Point in Of Capt Bob Lees
The Washington times., 1934-07-27
BAER IN CHICAGO

CHICAGO, July 27.-Max Baer,
new heavyweight champion of the
world, arrives today for a series
of personal appearances at a
theater here.
The Washington times., 1934-07-27

:, NOT TO GET ADAlR
: Cleveland has abandoned the
idea of buying Jimmy Adair,
Louisville infielder.
The Washington times., 1934-07-27

CONNALLY TO MILWAUKEE,
Sarge Connally, Cleveland right
handler, soon will go to MilWau.
kee,
Evening star., 1934-01-13
CHARGES CALLED FALSE,
Wife's Attorney Says Records in Case
Were Distorted.

LOS ANGELES, January 13 OP).-
Fay Webb Vallee. through an attorney,
denies she held romantic conversations
with Gary Leon, stage dancer, while
her husband, Rudy Vallee, singer and
orchestra leader, was absent from their
New York apartment
The former actress, who is suing for
separate maintenance in which she ac-
cused Vallee of indiScretions with three
women. would see no one. Her father,
Clarence Webb, chief of police at Santa
Monica, said she was i'll, under a ply
slcian's care and that her weight had
dropped from lis to 81 pounds.
Her lawyer. Ben c. Cohen. had much
TO say however, after he had learned
of an affidavit in New York contain
ing the purported conversations between
Mrs. Vallee and Leon.
Mrs. Vallee is not guilty of infidelity
with Gary Leon or any one else said
Cohen. The charges against my client
are based on documents recording
tapped telephone conversations Vital
portions of these have been deliberately
omitted. If the full text of these con-
versations were revealed there would be
absolutely no basis for these untrue
accusations At the proper time Mrs.
Vailee will prove the untruthfulness Of
these charges"
Leon branded intimations of miscon-
duct with Mrs Vallee, whom he has
known since school days, as a deliber-
ate falsehood.
Evening star., 1934-01-13
US. USE OF MONEY
IS c. OF c. CONCERN
Group Holds Spending of Ten
Billion, Not Getting 1t,
=. Is Vital Matter.
BY the Associated Press.

BY the Associated Press.
The United States Chamber of
Commerce said today it was con-
cerned not so much with President
Roosevelt's plan to raise S10,O0O.OOO,-
600 IN the next six months, but rather
IN the spending of this sum.
The chamber, in its "fortnightly re-
view OF national business affairs" con-
ceded it would be difficult to gauge
the effect of raising $4,000 900 900 of
new money and S4000,000,00 for re-
financing before July /, but indi-
Gated it would result in a higher bond
rate. 1t added:
Looking at the question from all
angles. 1t becomes clear that the most
important problem ahead of us is not
raising the money, but in so spending
II as to reStart the capital goods in
duStries so that those now living off
the Government can be returned to
normal employment in business enter
prise"
If the Presidents plan reaches his
goaL OF balanced budget in the 1886
nScal year, the chamber said. "The
Governments fiscal situation need noJ
create apprehension" But it added
that If such huge expenditures" should
De permitted to continue for long the
outlook would be "Ominous."
The review continued:
The magnitude of the expenditures
proposed naturally raises questions as
70 the merits Of particular expenditures,
as to the practicability of raising the
necessary funds by normal methods. as
to the possible effects upon Govern
ment credit, and the bonds markets.
ana as TO the nature of future taxation
required to scale down the debt"
The chamber said in discussing the
heavy Federal financing that "a marked
increase in the yield rate Of new offer
ings undoubtedly would have repercus-
sions on prices of outstanding Govern
ment securities and also upon the bond
market generally"