davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-04-06

Those who are carrying the high
averages are. Eddie Espey, Johnny
Anderson, Jack Whalen, Joe
Pricci, Bill Krauss, Charlie Wal
son, Joe Harrison. Astor Clarke,
Ed Blakeney, Dutch" Newman,
"Red" Megaw. Sam Simon,
"Whip" Litchfield, Perce Wolfe.
Howard Parsons, Bill Miller,
"Hokie" Smith, Ollie Pacini. Bob
Shanklin, Harold Hodges and o.
lie Clarke.
Howard Parsons 452 set is the
encnrad highest of the wear
The Washington times., 1934-04-06
Frank SheLlenback
Wins 262d Game
In Coast Loon

OAKLAND, Cal, April 6.-By
eating Oakland. SO, yesterday,
Frank Shellenback, ace pitcher
of the Hollywood team of the
Pacific Coast Baseball League.
won his 262nd victory, setting
a league record.
The Washington times., 1934-04-06

statement, while during the
same period banks borrowed
enormous sums of which $780,
922, 900 is still due and farmers
still owe the Government $685.
031, 900. In other words the
total owed the Government by
those whom it aided is a little
more than 5000 million dollars.
The savers in building loan
associations, principally com
posed of small-salaried thrifty
citizens, representing 1000 mil
lion dollars of home finance
funds have done three-fifths as
much work in stemming the tide
of depression as have the funds
drawn from the taxpayers.
It is probable, however, that
home owners will benefit from the
effects of the depression in the
end. The hideous consequences
Of shortterm home financing was
so forcibly portrayed during that
period that its doom is almost
sealed.
Virtually every home mortgage
in the country was rewritten dur
ing that time. Some were re
newed with three-year mortgages
but in most cases long-term
finance, aided by Government
funds was the means Of stabiliz
ing the home finance market to a
point where an entirely new
scheme of home finance may
be evolved.
Long-term financing, with
monthly payments over a period
of years, has proven the soundest
method, Mr.. Lieber said. Even
during the depression, most OF
these payments were kept up by
the borrowers, with the attendant
result that these associations have
on hand at the present time, large
amounts of money made possible
by the revolving nature Of their
funding.
The real estate license bill, with
favorable action by the Senate
District Committee, is having q
hard time getting into the House
Each time it has been called or
the unanimous consent calendar
Senator McKellar has supplied
the objection to send it back fol
consideration "some other time
No legislation Of this kind has
ever passed without pressure on
the part Of those most interested
and, those on Capitol Hill say
unless a concentration of effort
is made on behalf Of this legisla-
ton, it may die as similar bills
have died before it.
Charles Pozer, suburban special
ist of the w. S. Hoge Company, is
in Montreal, Canada, where his
mother is seriously ill.
Mr.. Pozer was never inactive
during the winter when suburban
sales were hard to make, but dur
ing the only two sunshiny days
before he was called away, he
made use of his winter preparation
and closed a deal which sold the
Nietsie tract in remote Businesses
Of Dogue Greek, to Navy officer
for $4,000.
The Washington times., 1934-04-06
21PinmenAverage Over12O
In Natl Capital Loop

Twentyone National Capital League bowers averaging
12O or better every member of the leading Lucky Strike
Rorhoru is incuded in g.
The Washington times., 1934-04-06
FIGURES SHOW
HOME LOANS To
ONE IN SEVEN
By DICK BAKER

Home mortgage borrowers rep
resented one-seventh Of the en-
tire mortgage debt Of the United
States during the lean years Of
the depression, according to an
The Washington times., 1934-04-06
PRINCIPAL Produce Markets

Lima Beans-No carlot arrivals; no
cars on track. Supplies light; demand
hampers $500, few higher.
Eggplant - Supplies light; demand
crates, $2.5O@3.O0.
Peppers-Supplies light; demand light j;
market steady, Florida. IL .bu. crates,
green, fancy. 1925 @3.5O; choice, $500
5; poorer 81.
squash-supplies light; demand light;
market steady. Florida. bushel hampers.
umbers-HOA1ouse stock: Supplies
moderate: demand COW; market steady.
Illinois, boxes, 2-dozen fancy. $1,000
2.25; extra fancy. $2.S5@2.5Oi cartons. /
Kale-supplies light; demand light:
market steady. virginia. bushei
baskets 7O@75c.
Radi,hs. Supplies light; Hhti c1sn';a. demand
bushel hampers, $1.00.
Oranges-One Florida arrived; 1 broken
and unbroken cars on track. Florida,
truck receipts bushel baskets, $4,000,
according to size; freight receipts, boxes,
S2.50@325: according to grade and size.
Grapefruit-No carlot arrivals; 1
broken car on track. Florida. boxes
No. l, $225@S.
NEW YORK, April 6 Q.N: :sD.-Butter
quiet, salted and unsalted, creamery
higher, scoring 24@26c; creamery extras,
23& @25c; creamery first, 2S@241sc:
Cheese-Dull and easy, state whole
milk flats specials, 1S@19c; average
run, 15@16c.
Eggs-steady to firm nearby white
specials, 1914 q zoe; standards, 1874 %
18%c; mediums, 17@1Sc; nearby brown
specials, 1919 @21c; standards, 1917 @19c;
mixed specials, 10000; standards,
18hc; firsts, 16% @171sc seconds, 1914
@16c; mediums, 1871 @ l6c; Pacific Coast
white. fancy packs, 24@@5c; standards,
23@2313c; mediums. 201s @211sc.
The wholesale price is $40 per 100
pounds No. fluid milk within the COL
210 mile zone.
CHICAGO
CHICAGO, April U.N.S) ).-Butter:
Receipts, S,512 tubs market weak. Old
cars, 5; new, 13. Creamery extras and
standards, 22c: extra firsts, 21&c: firsts.
21@211ac; seconds, 2012c; specials, 22A
@?Sc.
Eggs-Recepts. 32,951 cases: market
weak. Old cars, AZ; new, 81. Ordinary
current receipts, 14%c: fresh graded
extra firsts, less than cars, SIC; cars,
16c: fresh graded firsts, less than cars,
15c; cars, 151ac; dirties, 1Shc; checks,
13c.
Cheese-Twins. 12A @12hc; daisies.
12% @1Sc; longhorns and prints. 1S9
1910.
The Washington times., 1934-04-06
SEASON RECORDS

SEASON RECOKDS
High team game-Fountain Hams,
$50. High team set-Book of Washing
ton, 1889. High individual set-How-
ard Parsons. 452. High individual game
Eddie Keith. 1S0. High spares-Joe
Harrison, 323. High strikes-Astor
Clarke. 81. High individual average
Sam Simon, 1858.
The Washington times., 1934-04-06
LIVESTOCK MARKETS
CHICAGO

CHICAGO, April 6 s).-Hoss-
$4,000: 5@1Oc higher. Top. $40; bulk.
$4.OO@4.SO; heavy. $4.OO@4.S0; medium,
A.2O@44O; light, $4.15@4.4O. light lights,
$4.O0@4.3O; packing sows, $3.25@ @S.60;
Cattle-1,OO steady; calves 500;
steady. Beef steers-Good and choice,
$6.5O@760. common and medium, $500 q
$50; yearlings, SS.5O@7.65. Butcher cat
tle-Heifers, 1925 @6.25; cows, $275 q
4.5O; bulls, $2.5O04.OO; calves, $4,000
$50; feeder steers, $4OO@5.25 stocker
steers. $3.OO@45O; stocker cows and
heifers, $25O@4.5O.
Sheep-1O.OOO; steady; medium and
choice lambs, $S.95@925; culls and COM
mon. $5.5O@7.5O. spring lambs, 11013;
yearlings. $6.5O0S.00: common and
choice ewes $3.oO@o.25; feeder lambs
$6.00@S.00.
The Washington times., 1934-04-06
NAVAL. STORES

NAVAL STORES
NEW YORK. April Q.N.S).-Tur-
pentine. firm, 6O12 960A. Rosin, firm
common, 565.
The Washington times., 1934-04-06
EAST BUFFALO

EAST BUFFALO, N. Y. April s..
G.N.SD. D.-Hogs-Receipts 2,4OO; hold
overs sos. Active. 5@15c over Thurs
days average, some weights below 10
pounds up more Bulk desirable 16O-2oO
pounds, $4.65; mixed weights and palmer
quality. $4.OO@4,5O: 14O-15O pounds
$S.S5 5@4.25 pigs downward to $3.50.
Cattle-Receipts. $50; steady; common
to medium, l, LOO pounds steers. $3.50;
cutter grades COWS. $135 q" SO; medium
bulls 1926 9S.4O; common lights. below
$500.
Calves-Receipts, 500; holdovers, 200.
Vealers, weak to mostly soc lower; better
grades fairly active; medium and lower
grades draggy; good to choice offerings,
$3.5OQ5.OO; inferior culls. downward to
$500.
sheep-Receipts. 700; holdovers. 20O'
Lambs, active; strong to 25c higher;
good to choice woolskins, $3.50, eQuiva-
lent to 1855 or $9.75; shorn lambs, 81. rs
@7.50; closely sorted kinds quoted to-
ward $7.75; wooled ewes. $3.50 down.
Shorn ewes $4O0 down,
The Washington times., 1934-04-06
CLEVELAND

CLEVELAND, Ohio, April 6 GNs.).
Hogs-Receipts. $500; market steady;
pigs, moving slow.
Cattle-Receipts $50; good steers in
fair demand; sows slow; choice steers
quotable. $7.25 @7.5O; top for the week.
$3.50.
Calves-Receipts 200. market closing
the week slow on all grades; pegged top,
$3.50.
sheep-Receipts 400; market active,
Csc higher; good wool lambs, $3.50: good
clipped, $3.50; choice springers, $11.O00 @
1900.
Evening star., 1934-10-23
BANKERS TO DISCUSS
RELATION TO CLIENT.
Three Conferences Arranged by
Association for Study at
Convention.

The American Bankers Association
has decided that the relationship be-
tween bankers and their customers
should be improved, and has set out
to do something about It.
Three conferences, designated as
clinics, have been arranged In the
course Of the convention here, where
various members Of the organization
can air their views on this problem,
which Francis Marion Law, president
of the association, last night told his
associates Is "the fundamental thing
in banking"
you are dealing with the field Of
the human relationships which are
the basis Of the banking business" he
said.
IT venture TO believe that II the
human relationships In any line of
business are right. then the business
itself Ii sound"
Pointing out that there are 66,000,-
900 deposit accounts In American
banks, Law said 1t was up to the
bankers to develop among this class Of
people "a deeper understanding Of the
functions, services and obligations Of
banking"
This. he added, will do its part to
bring about realization by the public
Of their interdependence with the
banks.
Evening star., 1934-10-23

Gold Production Scars.
Production of gold and silver in Co.
lombia is showing a marked increase.
Evening star., 1934-10-23

Smith until recently was an aide to
the Secretary Of the Treasury.
The annual election will be held
tomorrow.
The high light Of the convention,
President Roosevelt's speech. will be
delivered in Constitution Hall at $50
O'Clock tomorrow night.
George N. Peek, head Of the Ex-
port-Import Bank, yesterday declared
that this agency is ready TO handle
sound business in the foreign trade
field, to assist in barter transactions
and to cooperate with commercial
banks and other financial institu-
tions in handling business which, on
account of its size or other unusual
conditions, can qualify for considera-
ton"
The speaker suggested appointment
Of committee of the bankers con.
vention to cooperate with the bank.
Evening star., 1934-10-23

in aiding both administrative and
legislative thinking in regard to
banking legislation"
The studies now being made by the
committee, Law said, will include
scientific analysis of the causes Of
thousands of bank failures, to the end
that these causes may be removed
effectively"
Studies will include an analysis Of
such banking systems as are found In
England and Canada" he said.
Institute to Be Developed.
Plans were announced for develop
ment Of the Institute Graduate
School of Banking, as an outgrowth
Of the American Institute of Banking.
The graduate work will be at Rutgers
University.
This afternoon there were several
special division and committee meet
ings at the Willard Hotel. These
included the Clearinghouse Round
Table Conference, open to all bankers:
a general meeting of the trust di-
vision, constructive customer relations
clinic and a conference of State bank
division officers and State bank COM
missioners.
The Nominating Committee meets
this afternoon at 5 O'Clock to choose
a slate of officers for the next year
and. in conformity with custom, Ru-
dolf s. Hecht. chairman of the board
Hibernia National Bank, New Or
leans, now first vice president, Is due
to be elevated to the presidency, and
Mr.. Fleming is to be advanced from
the second vice presidency to the first
which would bring him to the head Of
the association next year.
Tom K. Smith, president Of the
Boatmens Bank of st. Louis, 1t va;
said in an informed quarter. will bt
! named second vice president MI
Evening star., 1934-10-23

No. Francis M. Law. president
Of the American Bankers Associa-
tion. No. Rudolph Hecht, New
Orleans banker, who Is slated to
become the next president of the
association. No. 3-Robert v. Flem-
ing, president Of Riggs National
Bank. No. George N. Peek.
former head of the Agricultural
Adjustment Administration and
now trade adviser of the State De-
partment, who addressed the con-
vention yesterday.
Evening star., 1934-10-23
STRICTER LICENSE
RULES ADVOCATED
TO FORTIFY BANKS

Continued From First Page.)
Evening star., 1934-10-23
Bankers Program

THIS EVENING.
5p.m.-Nominating Committee,
willard Hotel.
$50 p.m.-State bank division
officers and State bank commits
sioners, Willard Hotel.
TOMORROW.
General Session, National Theater.
Gas a.m.-Music.
10 a.m.-Call to order, Presi-
dent Francis Marion Law.
Invocation-Most Rev. James
H. Ryan, rector Of Catholic Uni
versity.
Address-Jesse H. Jones, chair
man, Reconstruction Finance
Corporation.
Report of Nominating Com
mittee and election Of officers.
| Announcements.
General MISREPRESENTATION
Hall.
$50 p.m.-Call to order, Presi-
dent Francis Marion Law.
THE Star Spangled Banner"
Jessica Dragonette.
The President Of the United
States.
Group Sessions-Willard Hotel.
2p.m.-Savings division.
2::30 p.m.-State secretaries
section.
$50 pm.-Constructive custo-
mer relations clinic.
Evening star., 1934-10-23
PINEY BRANCH PARKWAY
ROAD BUILT IN RELIEF
30 Workers Construct Highway,
National Capital Parks Official
Announces.

Fifty relief workers are construct
ing a highway in Piney Branch park
way, c. Marshall Finnan, superin-
tendent of the National Capital
Parks, has announced.
They will complete the grading
work, build a road and finish the
stone wall construction.
This project was begun as G. w.
A. program, but when emergency
activity was halted, the parkway re-
mained incompleted. Recently, The
Star published photographs showing
incomplete projects - the Piney
Branch Parkway among then-and
when high ranking officials dealing
with emergency work realized the
situation, arrangements were made to
put q sufficient number of Federal
Emergency Relief Administration
workers on the job to complete 1t.
Evening star., 1934-10-23

deposit insurance statutes were pro-
posed
''I strongly recommend that an ade-
quate capital structure be condition
of admission to the fund, in addi-
tion to solvency," he said. "The test
of solvency is in itself not sufficient
protection to the funds of the cor
poration and to the depoSitors. Unless
the capital is adequate, we shall always
be in danger or in fear of what might
happen. And adequate ratio Of cap
ital to deposits will remove this fear
and danger"
The present limit Of $4,000 insur-
ance to~ each depositor, he character
lied as d wise one which should not be
changed. ITO assume a larger LA
bility than that provided by the SIS, 900
limit" he said, would place severe
strain on the fund and would greatly
weaken the protection given to the
millions of small depositors."
His third proposal. Crowley said
was that I'VE can materially help the
banking service in local communities
if the corporation could purchase as
sets from banks in difficulty in order
to facilitate mergers and consolida-
tions where such would remedy the
situation
Crowley proposed fourthly that the
corporation have power to make ap-
propriate rules and regulations in
order better to effect the public pur-
poses of the law.
Annual Premium Urged.
Finally Crowley suggested that In
the interest Of depositors of the banks
and of the insurance fund itself, there
should be a definite premium payable
annually.
Praising deposit insurance, the
speaker characterized it as perhaps
the most important factor in return
of confidence to banks after the bank
holiday of March, 1888. He pointed
to S4,50O, 900 increase in deposits
in the banks in the past year as evil
dence of increasing public conf
dence" He predicted that deposit in
surance would be permanent. The
total membership of insured banks, or
| october 8, he said, was 14,170.
In his annual address as president
Of the A. B. A., Law outlined the prog
ress made by many departments of the
association as constructive steps tc
help the general situation.
mo group of men in all the country
more earnestly desires recovery thar
the bankers" he said, land as grour
we assert unshakable faith that tn,
natural forces of the country, in them.
selves, will in due time bring about 9
full and complete measure Of bushes.
recovery"
This could not be interpreted. how.
ever, he said, as "do-nothing pro
gram" adding the country would no
tolerate SUCH"
Answering the criticism of banks fo
their failure to function, meaning
that they have not been lending
freely" Law declared there is hardl,
a sane banker in the country who
not only willing but eager to MAKE
good loans"
"Superabundant bank credit Is avail
able" he said, but the demand 10
Evening star., 1934-10-23
Ex.BROKER BANKRUPT
'onald E. Walsh Files Petition
! in California.

SAN FRANCISCO. October % R.-
Donald z. Walsh, former New York
broker, filed q voluntary petition In
bankruptcy in Federal Court here yes
terday, listing debts Of s1o6,763 and
assets of 5000.
Walsh, who married Miss Edith De
Bretteville. niece Of Mrs. A. B. Spreck-
els, in New York in 1880, gave his
present place Of residence as Berkeley
and said he was unemployed.
Evening star., 1934-10-23
II the Tennessee Valley Bank Of De.

Of the Tennessee Valley Bank Of De.
catur, Ala.
Other officers chosen are Fred q.
Brady, president Of the Commerce
Trust Co. of Kansas City, Mo-, vice
president, and these members Of the
Executive Committee: For one year,
Henry A. Brinkman, cashier Of the
Harris Trust & Savings Bank, Chi
cago; for three years, J. H. MCCOY,
president Of the Peoples Bank g. Trust
Co., Marietta. Ohio, and Joel Ferris,
president, Spokane g. Eastern Trust
Co., Spokane.
Evening star., 1934-10-23

credit is distressingly low. Many lines
of credit put at the disposal of business
men by banks are lying unused. 1t re-
mains for business men to shake on
their timidity and uncertainty and to
indicate ability and willingness to
borrow"
A modest expansion Of credit" was
reported by Law. who praised the ad-
ministration's move to ''recapture"
foreign trade through new interna-
tional agreements, both as to trade and
sterilization of currencies.
There is no better investment in
the world today than securities of the
United States Government" Mr.. Law
declared. The bankers have given
more than lip service as an evidence of
their faith in the country's credit.
The record shows that Government
securities held by banks have increased
over $1,000, ,00o, 900 since December,
1929. During this period the national
debt has Increased some $4,000, ,000,-
900, and so it will be seen that 10 per
cent of this increase was provided by
the banks"
Program Is Yelled.
Without disclosing the future pro-
| gram of the A. B. A. toward new
legislation Mr.. Law, however, came
close to it during discussion of the
work Of Robert v. Fleming. president
| Of Riggs National Bank of this city,
who Is chairman Of two important
association committee-Federal Legis-
lation and a special committee on
proposed revision of the banking laws.
Fleming's work was praised and his
committee work commended. Law
did not go into details of the special
committee report, but said lit made
a very fine impression at Washington
and had a most beneficial influence
Evening star., 1934-10-23
L0UISIANAN IS ELECTED
STATE BANK UNIT HEAD
Named by American Bankers
Association to Succeed Cylde
Hendrix of Decatur, Ala.

James c. Bolton. vice president of
the Rapides Bank and Trust Co. of
Alexandria, La, yesterday was elected
president Of the State Bank Division
OF the American Bankers Association.
He succeeds CLYDE Hendrix. president
Evening star., 1934-03-05

Taft looked the part: Woodrow VIII
son personified the aspiration Of all
the children of earth while he spoke
their hopes for peace and freedom;
Warren Harding repeated the Nc
Kinley type; Calvin Coolidge bore
himself with a modest and becom-
ing dignity, and Herbert Hoover wore
his honors with proper grace.
And of the present leader Of the
Nation as much, certainly, may be
said. Bearer of the peoples hopes
for restored prosperity and happiness,
his cheeriness and good humor exem-
plify the populations residence of
spirit. He is not downcast. Those
who call at the White House and
those who see Mr.. Roosevelt only in
passing are at one in their recogni-
ton of his equanimity, his confidence
and his serenity. If ever a man
looked like a winner, he is that man.
Evening star., 1934-03-05

legislative committee investigated.
Jimmie" Walker, darling of the or
ganization. fell from grace and re-
signed as mayor before he could be
ousted by the then Governor, Franklin
D. Roosevelt. Mr.. Curry sought in vain
to combat Mr.. Roosevelt at the Demo-
cratic National Convention in 1892.
He sought to name the Democratic
Governor Of New York and failed.
The last big wallop which Mr.. Curry
has received was the loss of the
mayoralty election in November. That
is an office which Tammany from time
immemorial has considered indispen-
sable.
Mr.. Curry may be able to stave off
his immediate removal from Tammany
leadership. But the handwriting is on
the wall. Furthermore, the revolt
against Curry comes from within the
ranks of Tammany itself and Is there
fore far more serious than any play
which might be made by the Roosevelt
Democrats outside of the Hall.
Evening star., 1934-03-05

knew something about the financial
markets" The San Antonio Express
objects to the delegation Of auto
cratic powers over the securities
market to the Federal Trade Com
mission" while the Miami Herald is
convinced that history does not indi-
cate that legislation forbidding specu-
lation has been entirely successful"
The Congress can only be regarded
as derelict in its duty if it fails to
pass the bill with the teeth left in It,"
says the Springfield Daily News. while
the Danbury News-Times recalls that
"for 25 years the New York Stock Ex-
change has turned out countrywide
propaganda whenever an attempt was
made to regulate stock market activi-
ties"
The New York World TELEGRAM
states: Our initial impression Of the
bill is that 1t is an excellent compro-
mise between the hands-off school
and the strait-jacket advocates"
The Cleveland News, however, is of
the opinion that drafted for an ad-
mirable purpose, it has overreached
Itself and the Houston Chronicle be-
-~N'NS ~ SOto lOO ldI,
The San Francisco Chronicle holds
that the bill should be revised before
1t is passed" and the Nashville Ten
nesSean feels that 1t errs principally
in the fact that 1t seeks to legislate
upon certain details of stock market
operation-notably the precise limits
for margining."
The Santa Monica Evening Outlook
urges that the "evil of marpin
gambling Is one from which hundreds
OF thousands of Americans have suf-
fered and they naturally sympathize
with every effort which will restrict
the exchanges to the performance of
their legitimate functions"
The Troy Record is convinced that
AL business has in it the element of
gambling" and the Indianapolis News
says that the ills Of which the sup
porters of the bills complain are due
as much to the gambling instincts of
the people as to the lax share market
speculations."
tions some weight should be given to
the voice Of experience" feels the
Wall Street Journal, adding that "the
question Is not what we would like to
have, but what can be obtained In
dealings between men," The Spring.
held Republican concludes that while
1t Is no doubt inevitable that some of
the abuses Of the Stock Exchange be
allowed to remain in order that the
market be left freedom "for the swift.
unimpeded registering of the values of
securities" 1t is nevertheless true that
If. IN the future, our economic sys-
tenn is to regain the confidence of the
thousands of small investors, whose
aggregate savings are vitality neces-
sary to the smooth working of capi-
talism, the institution known broadly
as the stock market must be re-
formed"