davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1934-09-24
ARCHBISHOP GOES
 INTO OFFICE TODAY

Berlin, Sept. 24-(UP)-Reich. bishop Ludwig Mueller was in full control of the Nazified Evangelical church at last today, year after Reichsfuehrer Adolf Hitler named him to the primacy.
 Mueller was induced into office at a ceremony at the Berlin Cathedral yesterday, with the black uniformed SS bodyguards protect ing the cathedral and Swastika flags hanging everywhere.
The Waterbury Democrat., 1934-09-24
VAN METER CITED
 AS TRIGGER MAN

Columbus, O., Sept. 24-(UP)-- The late John Dillinger was quot ed today by Mrs. Gilbert Pier pont, mother of Harry Pierpont, as having named Homer Van Me ter as the trigger man in the slay- ing of Sheriff Jesse Sarber of Li- ma.
 Dillinger was freed from the Lima jail, where he was held on bank robbery charge, by mem- bers of his gang who shot the sheriff. pierpont and Charles Mak- lev. who was killed Saturday when he joined Pierpont in the attemp- ted prison break, were convicted cf the staying and were sentenced to die
The Waterbury Democrat., 1934-09-24
Final Nezes Flashes
SHIP NEEDED MORE OFFICERS

New York, Sept 24-(UP)-Acting Cap tain William F. Warns, recalled at the inquiry into the Moro Castle disaster, virtually admitted today that the luxury liner should have had more officers than were carried Asked if he thought the ship needed additional officers, Warns said: "A ship of that sort should have had staff cap tain as well as the regular captain together with some junior officers"
The Waterbury Democrat., 1934-09-24
SAY. MAN THREW
 WIFE NEAR TRAIN

Dedham, Mass. Sept. 24-(UP) with murderiEg his wife by throwing her-from bridge in front of an express train, Cliff ford C.. Spokesficld. 26, of Vest wood pleaded not guilty in district court today. He was held. without bail for hearing next Monday.
 The mangled body of Mrs. Ma. rife Spokesfield. 23, was found on the cow-catcher of the Federal Ex- press when the train arrived at the Back Bay station in Boston Satur- day night. Neither the engineer nor fireman was aware anyone had been hit.
 According to police Spokesfielo claimed his wife fell or jumped from the bridge while he was re- pairing their automobile nearby.
The Waterbury Democrat., 1934-09-24
GOLD BLOC COUNTRIES AT GENEVA
Meet Secretly To-day to Device Ways to Protect
 Their Monies
COMPRISES SEVERAL
 EUROPEAN COUNTRIES
Vast StabilizatiOn Fund May Be Created to
 Combat Forces
BY WALLACE CARROLL Limited Press Staff Correspondent

Geneva, Sept 24.-UP- Representatives of the gold bloc nations-the small group of European countries still on a gold standard-met here to-day in secret session to examine means of defending their monies against fur ther wild fluctuations in re- lation to the dollar and the pound sterling.
 Possibility of creation of a vast stabilization fund to combat the British and American funds now in operation, has bene discussed. the United Press learned.
 The British fund and the Amer ican fund each total approximately $2,0OO,0O0,0 but no definite fig ure has been established in pre- liminary discussions for the gold bloc fund.
 In addition to combating the stabilization funds gold bloc na- tions also would use the fund tc fight speculative raids on gold cur rencies. As outlined on Paris finan- cial quarters any of the gold bloc nations undergoing a raid. would be free to call on the fund for SUD- port of it's currency.
 One drawback, to the fund, il was reported. was in Frances dis inclination to furnish the majol portion of the fund. France reticence, it was reported, was du' to unwillingness to weaken tht gold backing of the franc. There il a definite campaign on in France for devaluation and it has growr to such an extent that Finance Min ister Louis German Martin h1: threatened to call upon the Minis try of Justice to take action if Il is extended.
 The gold bloc group also had before it the suggestion of Prime Minister Henri Jaspar of Belgium to form a series of preferentlal commereil treaties to further the economic stand of the nations in volved. Belgium, France, Holland Switzerland. Italy and Luxem- bourg would be included in such a series.
The Waterbury Democrat., 1934-09-24
GoDer7lnlent To Enter Reel Arguments With Foreigr, Nations
One Pact Already Con- cluded C0rdell Hull
 Reveals in Article
WILL MAKE ECONOMIC
 RELATIONS AGREE ABLE
Consumers Cannot Absorb
 Own Production Need Z, z Outside Market
BY CORDELL HULL (Secretary of State)

(Written For and Copyright 1854
 by United Prcss)
 Washington, Sept 24.
 (UP) This government { is now about to enter into nego- tiations for reciprocal trade agreements with eleven coun- tries in Latin America and Europe.
 The number will increase as fast as necessary preliminary studies of the various trade situations and the disposition of other govern ments will permit. One trade agree ment has already been concluded. Cuba and the United States enter ed into an arrangement of mutual tariff concessions which, within the very first weeks of it's life, gave a marked impetus to conl- merce between the two countries. The purpose of all trade agree ments to be negotiated under the act of June 24, 1884, is to create economic relations which will be advantageous not only to those en- < tering into them but will also be beneficial to world trade as a whole. It is hoped they may be a wedge which will ultimately pry loose all excessive restrictions of different sorts strangling the ex- change of commodities among na- tions.
 We are trying by means of these trade agreements to get rid of quo- tas. prohibitive tariffs, customs li- censes, embargoes, and other means of blocking trade.
 Those who resist efforts to revive fopaign trade and talk about buy ing only domestic goods are very short sighted.
 In the first place, events have demonstrated that our own con- sumers cannot absorb the whole of oup production. When the buying power of this public was at its height, our exports also reached their peak. It is obvious, there fore, that even then, when our people were the most flush. if there had been no foreign outlet some of our output would have had to be curtailed or the domestic market would have been immediately giutted with goods.
 This is just what did happen when our foreign trade was sud- denly reduced to less than half. And 1t happened in great measure because we had been following the veiy embargo policy some persons in the pretended interest of Amer ican labor are still advocating. We insisted on selling abroad. but re- fused to buy abroad.
 A country storekeeper who sold coffee and sugar and dry goods to a farmer, declined to receive bu- ter, eggs and potatoes in part pay ment, and forced loan of money on him which could never be re- paid, would not only be choosing the quickest road to bankruptcy. but would be an object of deri- sion in the community. Yet that is just the course those who are advocating that foreign trade be completely ignored are asking the vovernnent to puruse.
The Waterbury Democrat., 1934-09-24
WON PAPEN DUE
 BACK IN GERMANY

Vienna, Sept. 24-(UPl-Baron Franz von Papen, German minis ter, may return to Berlin soon. German quarters said today, be- cause Reichsfuehrer Adolf Hitler believes 1t useless to keep him here at present.
 Von Papen was to have cement ed German. Austrian friendship. strained because of Maxi activities. Hitler WI snaid to feel. however, that Germany has no hope of reaching agreement with Austria 90 long as the powers are helping if .kr
The Waterbury Democrat., 1934-09-24
2I Months Ahead of the NetDs

HE WASHINGTON MERRY GO ROUND 7 gave you a scoop 2f months ahead of Its publication by sOthcr newspapcrs W h C n on JAN {. 1888. it reported the failure of Secretary StinasOn.s efforts to have an arms embargo dc. clared and indicated the nossibIe reason by de- tailing the activities nf fiu POnt agents. On SEPT IS. 1884. 1t was brought out in the lnuni- tions investigation that Aiken Simmons. q du POnt eInploye. had sent his office a n1em0rnn- dunn . few days previous to this st0ry's pubIica- tion that there was "nO basis for alarm" in the embargo efforts of 'tMr Hoover and llis cookie pnshers in the state de. pnrtrncnt." On SEPT 1, 1884. tIse Washington Merry.G0- Round reported that tlse du Ponfs were members Of c munitions pool. On SEPT t3 C was brought out Co the munitions iDs vesfigation that the de Fonts c0iinfOrated with Imperial Chemical lIis dustries. fstd. of London for fisc taIc 0f munitions throueisouf sbe world. Tomorrow's News Today
 - ls, fIsc -
 DEMOCRAT
The Waterbury Democrat., 1934-09-24
THREE HEED AS SUSPECTS

Havana. Sept. 2l-tuPl--Threc men were held as burglary sus- poets today after their arrest yes. terday when they tried Co enter e house nexi to the branch Of the First National Rank Of Boston. Pc. lice said tho men had burglars tools and were believed Co have Co. tended to enter the bank through |s Fe0f.
The Waterbury Democrat., 1934-09-24
MIME JACQUES DUNANT SUICIDE

Paris, Sept 24-(UP)-Mme Jacques Dun ant the former Eleanore Carpenter of Philadel- phia, was found dead of gas poisoning in her apartment today. Police said it was case of sui eide. She arrived here Saturday from Philadel- phia, where she is understood to have been prominent in society before her marriage to Dunant. She was native of Stratford, Conn
The Waterbury Democrat., 1934-09-24
Lindbergh ToFace Hauptnann Try
 To Identify Him
information Now Revealed That Famous Flyer Sat in Car Outside Bronx Cemetery, While "Jafsie" Was
 Seeking to Meet Kidnaper of Lindbergh Baby

New York; Sept 24--- (UP) P)-Colonel Charles A. Lind- bergh understood to-day to be flying eastward to New York confront Bruno R. Hauptmann to try to identify him as man Lindbergh at the of pay ment to kidnapers of his infant son.
 The disclosure that the famous flyer speeding from California by arpane might be able to identify Hauptmann as man he saw when Dr J. F. (Jafsie) Condon handed
The Waterbury Democrat., 1934-09-24
U. s. RACING BALLOON LANDS

Moscow, Sept 24 - (UP) - The United States navy balloon competing in the James Cor don Bennett cup balloon race from Warsaw landed on the shores of Lake Chudskoe on the Esthonian border today. The occupants, Leuts Charles H. Kendall and Howard T. Orville, were uniniured
The Waterbury Democrat., 1934-09-24
GREsFoRD MINE SEALED

Wrexham. Wales, Sept 24-(UP) Laborers sealed the Gresford Mine today, entombing 261 men victims of an explosion and fire Saturday. Total deaths were 27l. Relatives Identified bodies Of ten men brought to the surface.
The Waterbury Democrat., 1934-09-24
FALL FROM PORCH FATAL

New Britain. Conn. Sept 24.-- (UP)-A fall from the third story porch of his home resulted in fatal injury to Herman Natupsky. 4. who died act a hospital Sunday. Death was due to a skull fracture.
The Waterbury Democrat., 1934-09-24
DIES ON WITNESS STAND

Boston, Sept 24-(UP)-Dr Cofnepus T. Hurley, 52, died on the witness ctand in Roxbury court today while giving professional testimony in a case.
The Waterbury Democrat., 1934-09-24
Markets At Q Glance

Stocks drop fractions to points in dull trading. Bonds irregularIy higher. Curb stocks drop fractions to points. Chicago stocks lower.
 Call money per cent. sBM Dollar steady in major curreneies. Wheat unchanged to of N; corn and oats ease. Cotton drops SO cents bale rUy Rubber unchanged to up 12 points. Bar silver unchanged af 40M cents an ounce. Copper Q cents pound.
The Waterbury Democrat., 1934-09-24

tcontinued on Page ~
The Waterbury Democrat., 1934-09-24

econtinued on Page q
The Waterbury Democrat., 1934-09-24

tcontinued on Page s,)
The Waterbury Democrat., 1934-09-24

Cloudy Tonight;
 No Change Tuesday Vun weather Report Page 2.
The Waterbury Democrat., 1934-09-24

Final Edition Closing Stocks Late News Flashes
The Washington times., 1934-04-18

But why? LewiS Haney
Is it because there is not enough
money or credit? Is it because
bankers and investors are discrimi-
mating against these industries?
Certainly not.
The whole trouble is that these
industries make products which
V19 last a long time, and which
IG2) have to be used along with
labor in producing finished goods
for sale. Thus these industries re-
quire long g-term investments. These
are subject to the uncertainties Of
the future, such as changing value
Of the dollar, New Deal reforms,
and taxes. And investors fear that
organized labor may take so much
Of the earnings that their capital
would get little return.
The only thing that can pos
sihly be accomplished by Govern
ment policies is to remove uncer-
tainties as to money, regulation,
taxes and labor. Then, and not
till then, will all the investment
funds that are required flow free
" into the capital goods indus
tries.
Money or bank credit is not
now seeking to avoid being tied
mp in such instruments Of produc-
don. Those who have funds have
two great objects: one is Nquidity.
The other is escape from tax bur-
denS. Thus funds go into tax
exempt bonds which are readily
saleable.
The only way to induce invest
ment funds to go into building
and machinery is as follows: Cd
restore confidence in the dollar,
<2) make long-term business plans
possible, 90 make long-term in
NestmentS safe.
How foolish, then, is the no
ton that by loading the banks
with Government debt and fore
ing ShOrt-term credit rates down
to record lows, the capital goods
industries can be helped! All
this does is to stimulate specu-
latiOn and make q market for
Government bonds. In fact, by
Increasing the fear of initiation
and high taxes, it actually re-
tardS investment in fixed capi-
tai.
Seldom have I seen a more ILL.,
considered statement than the
following: We should continue
to finance the Government deficit
out Of bank credit and not out
Of the peoples savings, so that
the deficit represents a net ad-
dition to the national purchasing
power" Qippman.)
How can anyone imagine that
q national deficit is a net addi-
tion to national purchasing power?
Only by forgetting the future,
which is the essence Of capital
and investment.
What does it mean to Finance"
O government deficit out of bank
credit, when bank credit is largely
government debt? The chief
'tasset" Of the banks is the Gov
ernment's deficit! (The prostitu-
ton Of our banks to the Govern.
ment's fiscal purposes is today
one Of our great dangers)
The plain fact is that the de-
mand for capital goods comes
from the demand for consumers
goods. When business men can
see reasonable assurance of earn
ingS by producing shoes, textiles,
automobiles, business and residen-
tial floor space, and transporta-
4ton Of freight and passengers,
then there will be no trouble with
the machinery, building, and rail
way equipment industries.
But as long as such notions
about Government debt and pank
credit prevail, these industries will
languiSh. There will be no real
investment demanded. Funds
will continue to seek tax escapes
and liquidity.
The Washington times., 1934-04-18
Volume Yesterday NJ Road Or,o404S~,~o VOumsTh Year


NEW YORK, April 18. G.N.S).
The bond market fluctuated
within a narrow trading area
today, although thare was a
slight preponderance Of advances
along the line.
U. S. Governments we're irregu-
lar, with Treasury IS and Treas
ury IS up, while Treasury 414s
of AS and Treasury 32ss of '43
were lower.
German issues showed mod
crate rallying tendencies, with
the 51as and the rs up about u
each.
Rails were mixed, with minor
gains in the Allegheny SIS of '49,
Great Northern rs and Canadian
Pacific debenture As offset by a
loss of almost a point IN the
Southern Pacific 41as of 81 and
fractional decline in the South
ern Railway As.
AtchiSon General As and Amer
lean Telephone SIS of 80 edged
up nominally in the investment
category.
Warner Pictures IS rallied
about u point in the domestic
division.
The Washington times., 1934-04-18
OIL QUOTA PUT.
Up FOR TEXAS

The allowable production for
Texas has been increased to 99O,.
682 barrels daily, against allot-
ment for the state as recommended
by Administrator H. L. 1ckes for
April of 9sO,7OO barrels daily.
The recent increase is due to a
rise of 5000 barrels daily in the
allowable for Van field by order
Of the Railroad Commission and
to the completing of additional
wells in East Texas field.
The commissions allowable pro.
ration order expired April and
none has been issued for this
month by that body. The Federal
recommendation is being closely
observed, according to reports re-
ceived by the commission.
There has been marked improve
ment in the "hot" oil situation in
East Texas, where R. D. Parker,
chief supervisor of the oil and gas
division of the commission, has
recently placed 100 men to enforce
proration,
The Washington times., 1934-04-18
RESULT Of FARE.
CUTSSHOWN
lHiEhl LOW LIB

An increase in gross passenger
revenues of the Atlantic Coast Line
Railroad Company, which had
been in progress since July last
year. was retarded in December
when fares were reduced, and the
gain in number of passengers car
ried, which also began in July, was
highly accelerated.
The annual report shows that in
July gross passenger revenues be-
gan to show increases over the like
1892 months and that they con-
tinued inward until November
showed an increase of 27.4 per
cent. The number Of passengers
carried in November was 56.2 per
cent above the like 1892 month.
In December, when fares were
reduced, the number of passengers
handled increased 1913 per cent
over the 1892 period, but passen-
ger revenues were off 0.3 per cent.
In January, 1894, the number of
passengers was 1885 per cent over
1888 and revenues were up 8.79
per cent. February recorded an
increase Of 1892 per cent in pas
sengers and of 22.5 per cent in
revenues, according to the annual
report.
The Washington times., 1934-04-18
s. P. LINES SET
TRAFFIC PEAK
HIGH Low | Loo

Loadings of Southern Pacific
Lines in the week ended April IA
reached a new high so far this
year, continuing to rise against
the usual seasonal trend. In the
latest week own line loadings we're
up per cent above the imme-
diately preceding seven days, while
in the week ended April 7 the
increase over the previous period
amounted to 1.8 per cent.
Southern Pacific ystem on-line
car loadings in the week ended
April IA totaled -0,725 cars, as
against 1884 cars in the preced-
ing week; 1883 cars in the like
1888 week, and 20,531 cars in the
like 1882 week.
The gain in the week ended
April IA over the corresponding
1888 period amounted to 1914 per
cent, while the increase over the
1882 period was 0.94 per cent. In
the Immediately preceding seven
days the gain over a year ago
amounted to II per cent, while
own-line loadings we're 0.S per
cc 1T under those of the compar-
able 1882 week.
The Washington times., 1934-04-18
Business News
Spotlight

General Electric earned for
the first quarter IA cents a COM
mon share against 8 cents for
the first quarter last year. =.
for the first three months are
valued at approximately four
times those for the same period
Of 1888. .IngOt production in
the Youngstown area has gained
a point to 60 per cent Of capac-
ity. Daily average crude out
put for the week ended April IA
increased 44,924 barrels over the
preceding week. Iron Age re-
ports q rise in steel activity to
So per cent of capacity as COM
pared with the 4O19 per cent
rate of last week.
The Washington times., 1934-04-18
HANEY SCORES
EASY CREDIT
POLICIES
BY LEWIS HANEY
professor Of Economics,
New York University

Two mistaken ideas are doing
considerable harm. One is the idea
that the 'capital goods industries"
The Washington times., 1934-04-18
COTTON PRICES
UP SLIGHTLY

NEW YORK, April 18 G.N.S).
The cotton market maintained its
position at moderately improved
levels through the forepart Of
todays session.
The list was off to an auspici-
Gus start, with initial gains of
from 6 to 8 points, following
strength in Liverpool. There was
heavy price fixing by domestic
and foreign spinners, and also
considerable buying by the trade,
although demand from this source
tapered off later in the first hour.
Around noon, gains ranged from
4 to 2 points, with May up z at
11.7O, July up z at 11.81, October
up at 1894, December up 4 at
1904, January up 5 at 1910, and
March up 5 at 1918.
The Washington times., 1934-04-18
District Bankers
To Attend PnrIey

Washington bank auditors and
eomptrollers will be well repre-
sented at the second Eastern
Regional Conference Of Bank
Auditors and Comptrollers to be
held in Philadelphia, April 20
and 81.
The following are attending:
"A. j. Linn, r. A. Sisson and M.
S. Yeatman, Hamilton National
Bank; ]. c. Elgin, w. B. HibbS
and Company; w. M. Harris,
Lincoln National Bank; r. E.
Haycock, D. E. Wisecarver and
D. D. Whitcraft, Riggs National
Bank; Gerald e. Keene, Second
National Bank; H. N. Glasco and
w. M. McCurdy, Union Trust
Company; Ralph Endicott and II.
L. Downey, Washington Loan
and Trust Company; F. E. Robey,
Bank Of Commerce and Savings,
and A. z. Yeatman, Columbia
National Bank.
The Washington times., 1934-04-18
v:,:r: ne, y:;,::.., :s: N. Y. Curb Quotations y

NEW YORK, April 18 QN.S0.
The Curb Market showed irregu-
lar rallying tendencies today. with
improvement confined largely to
issues with. known speculative
sponsorship.
Among the better acting speci-
atty issues, Safety Car Heating
was up a point at 78, Lerner up
/ at 291a, Pittsburgh Plate Glass
up "a at 5434, Charts Corporation
up "a to a new high at 17A, and
American Cyanamid B up 3s to
213s, its former top for the year.
Gold shares were moderately
improved, with Lake Shore,
Wright Hargreaves and Teck
Hughes among the issues to at
tract considerable buying demand.
Alcohol shares were mixed, with
gains in DiStillerS, SeagramS, and
Hiram Walker, offset by minor
losses in Canadian Industrial AL
cohol A, and DiStillers, Ltd.
Creole Petroleum was again an
active feature in the oils, moving
up "a to duplicate its previous top
for the year at 13.
Utility shares were sluggish,
under the adverse influence Of
assembly approval of the Lehman
regulatory bills.
Utility bonds we're in strong
demand, with Electric Power and
Light SIS, up 11a points to a new
high at 491a, and American Power
and Light IS up ia to 65A.
The Washington times., 1934-04-18
PLAN To REDUCE
WHEAT SOWN
W. y ~-

A proposal for the reduction
of world wheat sowings in 1885
1896, made by Frederick Murphy
of the United States delegation
was considered favorbly Monday
by the International Wheat Ad
visory Committee.
It was agreed that full details
of the plan, designed to reduce
overproduction so that presents
surplus stocks could be absorbed
without further loss would be
discussed in London at meetings
in June and August.
The committee diScusea a pro
posal for the "de-naturizing" o1
wheat, or making it Objectionable
for human consumption without
destroying it's value for fodder
or other purposes. =.
A subcommittee was appointed
to report to the London confer
ences on the artificial colorings
of wheat to tnat end for export
PURPOSES.
The Washington times., 1934-04-18
Birmingham Prices
On Steel Advanced

Steel prices have been advanced
at Birmingham, according to the
American Iron & Steel Institute.
Plates are up 81 a ton, shapes
50 a ton sheets S. to So a ton
and tube rounds So a ton effec-
tive April %, conforming with
quotations at other important
basing points.
A So a ton advance in shapes
has been made at Bethlehem,
effective April 81. Ingot iron
plates have been put up at Pitts
burgh, Gary and Pacific coast
ports, effective April 81.
The Washington times., 1934-04-18
GRAIN FUTURES
FIRM, DULL

CHICAGO, April 1S G.N.S).
Grains were firm. Trade was less
active but featured by less aggres-
sive liquidation than recently.
Near noon prices were around
the top, wheat being 9sc up, corn
Ac up, oats 7s to Tc up. and rye
u to sc up.
Liverpool wheat was "a pence
higher to 1s pence lower shortly
before the close, Winnipeg un-
changed to Zee up at mid session.
Estimated carlotS: Wheat, 81;
corn, So, and oats, So.