davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-09-07
Change Decision
Ends Control
Battle

NEW YORK, Sept. THE
New York Stock Exchange took
the last step yesterday to place
itself under public regulation
when it's board Of governors voted
to register under the Securities
Exchange Act Of 1884 with the
Securities and Exchange Commits
sion. This act marked the cul-
mination Of a long struggle, &C.
tive at times, dormant at others,
to put that institution under the
regulation of either the State or
Federal governments.
In opposition to such regula-
ton officials of the exchange
had contended that their inStitu-
ton, because Of the broad regula-
tory powers conferred on its gov.
ernors by its constitution, was
capable of melting out appropriate
discipline upon its erring mem
bers more promptly than could
a Government agency.
The resolution passed by the
governors provides that the regis.
tration is not to become effective
before october !. The Securities
and Exchange Commission has
the right to accept or reject such
registration.
The governors also passed a
resolution levying a fee of one
cent for each $500 or fraction
thereof of the sales made on the
exchange to pay for It's registra-
ton fee. The fee imposed on
exchanges by the law is 1-500ths
of one per cent Of the aggregate
dollar volume Of sales
The Washington times., 1934-09-07
HEADS
MAPF|NANC|NG

Heads of the Federal Reserve
System canvassed plans for the
Governments impending 1,770-miL
lion.dollar refinancing today, as
governors Of the IL reserve banks
met in conferences here with the
central board.
Gov. George L. Harrison, Of the
New York reserve bank. and Gov.
Eugene r. Black, Of the Atlanta
bank. visited the Treasury to go
over the plans with Secretary
Morgenthau.
All withheld comment except
for Blacks statement:
1--WE always discuss fOrthcOm-
ing financing issues with the
Secretary"
Terms of the new security Of.
fering will be made public next
Monday. The new securities will
be exchanged for the 524 million
dollars Of Treasury certificates
falling due on September IS and
the 1,246 million dollars Of fourth
Liberty loan bonds becoming pay
able, by call, on october IS.
The Treasury will exchange for
all Liberties offered, but will not
sell the new securities or float
any issue this month to raise new
money.
Substantial progress in the ef.
fort to increase loans by CONNER
cial banks to trade and industry
was reported by Black.
His visit was his first since his
recent retirement as governor Of
the reserve board
The Washington times., 1934-09-07
WASHINGTON STOCKS
SALES

Capital Traction IS, $1,000@88;
$500@S8.
Patomac Electric 51as pfd., 100
Ill; 10@111; SOIL; 10@l1l 10
Ill.
Washington Railway and Elec-
trio pfd., 5000; 1@99Ha.
Columbia Title Insurance Com
pany, 5@4A.
Lanston Monotype, 1094s; 100
48; 20@48.
Mergenthaler Linotype, 5@23A;
1O@23A.
Peoples Drug Store pfd., so 1903;
5@108.
AFTER CALL
Patomac Electric IS pfd., 40
111A; 1@11lK2.
Capital Transit Company, 1C@
243A.
The Washington times., 1934-09-07

Canada
Montreal funds In New York S27.50,
premium at $1,000.
The Washington times., 1934-09-07
0PT|M|STS GET
COLD BATH
BY WALL STREET SPECTATOR

BY WALL STREET SPECTATOR
NEW YORK, Sept. 7 U.N.SO.
Budding optimism in Wall Street
got a new cold bath yesterday
when the mining stocks fell apart.
The market was doing pretty
we'll until the skids went under
U. S. Smelling. Considering the
extent Of the decline in the sill
vers, the rest Of the list behaved
quite admirably.
Stocks won't upset the friends
of higher prices If they show the
same resistance in the next day
or two. AS it is, there seems to
be somewhat of a test Of the lows
Of the last decline.
Perhaps yesterdays market
was part Of the preparation for
next weeks Government financ-
ing.
At least it works out admirably
to have initiation stocks down and
initiation sentiment subdued, the
dollar stronger and Government
bonds rallying briSkly. Still and
all, only a balanced Federal
budget and a conservative trend
in the Administration would mean
the real death knell of initiation;
and that seems a long way off.
Whatever the outcome, we hear
some of the boys in Boston, the
United States Smelling headquar-
ters, had their ears close to the
ground and are garnering a few
pretty pennies on the short side
Of the stock ....ss -
The Washington times., 1934-09-07

b a ck to re-
cent record low
levels.
After falling
2 points more
at the start,
United S ia tes
Smelling firmed
up and helped
steady the other
mining shares.
T he investiga-
ton into the
stocks collapse
restricted specu-
lative a c tivity
in the group.
The Washington times., 1934-09-07
u, S. Not to Enter
Leather Business

The New England Shoe & Leath-
er Association has received semiof'
ficial assurances from Washington
that It is not the intention Of the
Government to equip or run any
factories or tanneries on its own
account in connection with process
ing hides from drought cattle
slaughter.
The Washington times., 1934-09-07
STOCKS STEADY
AS VOLUME
DECLINES
BY LESLIE GOULD

NEW YORK, Sept. 7 G.N.SO.
The stock market steadied today
after yesterdays weakness induced
by the crash in United States
Smelling. Trading turned ex.
tremely quiet with volume falling
The Washington times., 1934-09-07

on is becoming
more and more
common.
For example,
I have recently
been asked by
one correspond
ent why wages
should not be
raised (by Gov
e rn m e n t &C.
tion) so as to
bala ce con-
sumption with
production. And
another asks:
why not have
the GOV r n
noanf distrihIltI
The Washington times., 1934-09-07
"Ex-dividend.
bBooks closed.
Dollar Displays
New Strength

NEW YORK, Sept. 7 (I.N.SD.
The dollar showed renewed
strength today advancing
against the pound sterling and
the European gold currencies
with the rate in terms of the
French franc. The highest in
more than q week. The table:
-I1I.S i TILI--
The Washington times., 1934-09-07
Volume Yesterday
600, 900 Shares

hit Net
High Low Dividend Rate High Low $500 Chgs
The Washington times., 1934-09-07

lid Name and
Hirh Low Dividend Rate High Low $500 Ch'Ee
12N 81 Curtss Wright A. u
OIL sou Cushman Z pf CO.. SO SO SO - II
The Washington times., 1934-09-07
HANEY ASSA|LS
PUBLIC WORKS,
HIGH WAGES
BY LEWIS H. HANEY
Professor Of Economies,
New York University

The notion that "the Govern
ment" should in some way give
everybody enough money to live
The Washington times., 1934-09-07

strong in spots, with Atchison up
q point at one time. Expectation
of q good traffic report later in
the day and reports from Hyde
Park that beneficial legislation
would be introduced early at the
next session Of Congress were In
fluences.
Utilities SpOtty
Utilities were spotty. While Con-
solidated Gas was steady North
American was under pressure.
American Telephone was firm.
United States Steel was frac-
tionally lower but Bethlehem was
firm. Allied Chemical recovered a
point of yesterdays six-point loss.
Du Pont was quiet and little
changed.
There was some activity in Gen.
eral Motors at lower prices in the
early dealings but the stock qui-
eted down and steadied later.
Chrysler was dull.
Goodyear made frequent ap-
pearances in the rubbers and
ruled somewhat higher. United
States Rubber was easy.
The Waterbury Democrat., 1934-05-08
The Critics Have Arrived

There is always criticism of every com memorative stamp that is issued in this nation. We doubt if one has ever been printed that did not produce from some source few words of displeasure. Of recent years this has been more pro- nounced and more audible because it is apparent that the Postoffice Department realizes that while philately is enjoying it's hey day there is no sense in not grow ing fat through postal receipts,
 There is no gainsaying the fact that the sale of commemorative stamps depends to considerable extent upon the thousands of stamp collectors in this country and scat tered throughout the world. Just at the present moment we are stamp-conscious nation. We are demanding new issues every day in the week. We are calling upon the Bureau of Engraving and Print ing to do the impossible. This probably dates back to the series of twelve Wash ington Bicentennials of 1882, which served to fasten attention on the con- memorative.
 Our latest commemorative is that is- sued in commemoration of Mothers Day. It is of three-cent denomination, purple in color, the central or the main design being a reproduction of Whistler's por- trait of his mother. It has evoked from the American Artists Professional League letter of protest claiming that the government has "mutilated" one of the greatest paintings the world has ever known. This may be true, but it would probably take an artist to discover this. To the average man, and he's the one who will buy the stamp and use it, the stamp design is all right.
 As to the color that's another story. Our three cent stamps are almost uni- versally purple, although the recent Maryland Tercentenary issue was de- parture, being printed in red. A con- bination of colors, such as the black and red which characterized few commemo- ratives of several years back, might have soothed the wrath of these artists who expect masterpiece to be transferred in- tact to mere postage stamp whose di- mensions are infnitesimal compared to the canvas on which the original was done. Beauty in a stamp should be judged differently than that of the canvas.
The Waterbury Democrat., 1934-05-08
To What Purpose?

To what purpose may such an arbore- tum as is being planned and actually completed at Connecticut College for Wo- men in New London be put is natural question. Yet it answers itself best in the demonstration it affords of how little regard for our natural resources we have had in the last century. A 70-acre tract Is set aside for the states first arboretum. It is supervised by Dr George s. Avery, Jr, professor of botany at the college.
 Fortunately the wildland area includes in it's length and width the typographical characteristics of all Connecticut. There is lake, swamp, rocky ledge, hill and val ley, all calculated to furnish sustenance for some form of plant life common to this state to-day and as far back as the pre-glacial growth. What may be miss ing now will be supplied through nurser- ies established in various spots about the state. Ultimately in the rather small Him. 1t of 70 acres will be gathered together the fora of our state.
 It is a good idea that we do such things as this occasionally. We are not all blind to the glories of nature in her different seasons. We must be mindful of the fact that man at his best is a wasteful animal We have sacrificed much of the rich her. tIaRe tnaC was ours OH CflIS CoHtIHeHt' II we realize that some effort must be spent in restoring what we have destroyed we gradually see to what purpose may such an arboretum as this one growing slowly up the hills and through the valleys in New London may be put.
 It is more than a peaceful spot through which one may wander drinking in the peace and solitude of sylvan glade. It is g study hall in the great open. There is no more fascinating pursuit than to ac- quire the knowledge that must be his who deals with the great outdoors. The text books were never written that co l en- compass all the knowledge that comes from intimate acquaintance with flowers, trees, animals, rocks, etc. We only hope the new arboretum will grow rapidly and attract many to it's portals.
The Waterbury Democrat., 1934-05-08

tile industry. This was done through the British Board of Trade which is con- troIIed by the government at London. President Walter Runciman proposes to establish strict quota system against the cheap Japanese imports.
 Possibly Japan is now wondering whether she really wants to shut British goods out of the Chinese market, at the cost of losing British markets. There is not country threatened by the recent Japanese declaration that could not adopt the British policy. Japan, if she insists on closing the open door to China, may find her world markets closed The Chin- csc market alone is great; but China herself might start another boycott against Japan. The Chinese are adept at that game.
The Waterbury Democrat., 1934-05-08
Our Chuckle
 Corner
AFTER All By EMMETT Is. POST

After all, we can find something to rave about In the new cars. Be- tween "kncc action wheels" and the new motors, think of the fun we'll have trying to find out which is doing the knocking"
 After all, we have to get some scnsc before we can get dollars. After all, strong limborger cheese Is just the kind we always seize.
 After all, 1t doesn't make any difference whether q man marries "blond" or brunette" The first time she socks him he'll see red
 After all, there is fun in break ing altitude records. You're ai- ways sure of coming down.
 After all, the words that sting Come when she says, Here's your ring"
 After all, to speak of marriage as the highway to hell is unfair. It's just one left turn after another.
 After all. the farmer boy who was a flop as q prizeiightcr turned out to be a success. He came home with cauiifi0wer ears. After all. it's fun to know
 Just which way tho wind will blow. After all. the Presidents idea of having Al Smiths portrait put on the new stamps Is good. But Far ley won't give his consent until the glue is favored with razz- berries.
 After ali. the depression wasn't so bad. We all got Blue Eagle out of it.
 Now, after all Is said >and done, What's the diffcrence-it's just fun
The Waterbury Democrat., 1934-05-08

Tn education and tho arts Wa terbury began earlyl to take m important place and to retain u. Ins cultural advancement, too, since tho very early days, the fin. est In music and dramatic 0ffer- ings, both amateur and profcs. slonal have had m important place. The settlement in It's ad" vancoment from q village to . town and from a town to q city made . corresponding advance n ed ducation, starting with one school and progressing to over thirty that include grammar and three high schools and about three district schools. In addition to tho city schools many private schools have flourished here during the years of waterbury townhip and city ship. In fact, as early related in these articles, tho plantation was no more than begun when the first meeting house was started, ana it may be added that the first school was hot long following.
 It Is stated that tho first reter- ence to town schools as sot down in records was about 1898, though Dr Anderson says 1t Is quite cor-
The Waterbury Democrat., 1934-05-08

Governor Cross was recently treasured by Rep Schuyler Merritt of Stamford that the proposed regulation of the radio in- dustry won't be attempted at this congress sional session. We should hope it wouldn't be. There has been enough tampering with radio of late years to warrant hands off in the direction indicated. If any thing the laws should be relaxed so that some of those non-commercial stations, like WLWL of New York city, could get a show on the air and upon an air chan mel that would allow them to be received by the average radio set.
The Waterbury Democrat., 1934-05-08
A Book a Day hy BRUCE CAPTION
Priest Has Clever Detective Story

There arc few mystery story writers who can do as good Job as can Father Ronald A, Knox, the English priest who writes dctcc- tive yarns for pastime. The only trouble is that he doesn't write very many.
 His newest one is "Settlcd out of Court" (Dutton: S2) and 1t is as ingenious and readable job aA you will sec all year. It has to do with m English house party, at which male guest Is suddenly found dead at the bottom of n siio. A private detective present at the party eventually solves it---and, no matter how clever you arc, doubt if you will forcsce the out come, or find any fault with it after you have read 1t.
 Father Knox, incidentally, is able to write book which is cntertain- Ing on It's own account, aside from It's mystery angle. Everything con- sidercd, Settled Out of Court must get a triple A rating. Another rather entertaining pug zler Is Death Of a Ghost" by Margery Allingham (Crime Club: I Y@ys bt BSthG Vl AtttD VftG hG AEl arty, Bohemian group Tn London Some one seems to have 1t fin for artists; painters get killed and paintings mysteri0usly vanish. No especial effort is made to hide the identity Of the murderer; the interest of the story lies in the suspense that hangs over the me- tb0dical working out of the plot. It's n pretty good job.
 "A Drink for Mir Cherry" by Dorothy Gardiner (Crime Club: $2) tells,about a retired New York detective who goes to Colorado town 10 regain his health and promptly gets q murder to solve. The mystery itself is pretty weak and pointiess; the story is readable because of it's characfer- izati0n and its pleasant, ingratiat- Ing atmosphere.
The Waterbury Democrat., 1934-05-08
Know Your Waterbury Its History, Facts and General Information
Information

tain that there was school here taught by Jeremiah Peck about ten years previous. It was the gen. oral provision in the Connecticut colony nt this time to maintain m each neighborhood where there was a sufficient number of chil- dren, and elementary school, M Latin school if the town was large, and also a college for higher cul- ture. The town of Waterbury Tn 1898 granted thirty shillings for "school money". Further provis. Ions were made In i702 when conl- mittces were appointed ito cn- gage Q schoolmaster. to teacn school for three months"; there was also provision for>a "school dame" to teach school during the summer months. Tho first men ton of q school building was in i7O7, when 1t was voted to build same. This wes not done, how
 over, for some time. The Gen eral Court Acts of l7i2 stated
 that the parishes and eccesinSts- . cal societies wore considered school districts, their management In tho hands of the town.
The Waterbury Democrat., 1934-05-08
IN TO-DAY'S MAIL
Younger Children Not Always to Blame for Franks

handle such cases. am very much surprised they did not go far enough in fbsiF investigation. Most any one cen make a eoID- plaipf buf where the authorities are not actually eye witnesses ii must not always be taken for granted that only particular one sa. while the rest aFe innocent and set away with <.
 The vefN ones whe urge tue
 younger b0YH on f0 mischief are
 E Inc same ones who do the @aHA@ls
 5 ine ca thnns *heH kba eafehIHa Aa
The Waterbury Democrat., 1934-05-08

In line with this thought there is the announcement from Massachusetts that all municipal tax rates will probably have to be increased in the coming year due to various excess expenditures made by the General Court. They call for road build ing, beach improvements, reduction in the hours of labor of state employees, restora- tion in part of pay cuts, to mention just a few That should be a warning to us no doubt, yet there are going to be heavier demands than ever upon our Legislation next spring to appropriate money for pub lie outlays. Our institutions require aid to the tune of millions. We'll no doubt revise motor registrations, perhaps de- crease this departments income. And we face an $8,000,000 deficit in January 1885. We're going to need some magicians to pull the state out of the hole.
The Waterbury Democrat., 1934-05-08

Washington, May e--This ses- sion of congress probably will stand out in history aH being chiefly famous for the battle Of big business against the stock market bills--R battle which cost Wall street round million and saw the biggest lobby on record encumped around Capitol Hill.
 The amusing thing about this battle--if it were not somewhat tragic--iB that it never would have taken place hnd 1t not been for the cgocentric whim of one man.
 To is that gnaricd and dynam- ic old warrior, veteran of n thousand battles against big buH- mess, Sam Untermyer. His list of his battles takes up ono entire cOiumn in the pages of Who's Who. Sam hes fought Standard OH, Henry Ford, the New York building trades, the Riggs National hank, the Inter. bOrO Rapid Transit, tfc Equit. able Insurance company, New York water power companies, the "pujO Money Trust," tlsc New York stock exchange. And in all these he has chRmpiOncd the side of the untlcrtiOg.
 Yet had 1t not been for the eccentric ambition of this 73- year-oid battler, Roosevelt would have passed his stock market legislation when big business was on It's back with not finger lifted in opposition.
 THE SET.UP
 This was Roosovelt's original intention.
 As early as December 1892 just after elections---ho began to draft his plans. He proposed ono bill which would regulate both securities and stock exchanges. TO advise him regarding this he asked Untermyer to come to Al. bnny. sam was delighted, In fact so delighted that he could not resist letting tho fact leak to the New York American on the eve- ming before ho was to leave.
 There Is nothing Roosevelt plans published, and he called Off the trip.
 However, he still wanted Sam Untermycr, Wall streets most fcrocious batter, to help draft controlling Legislation and Sam was cnRcr to do 1t. By inaugural ton time, however, sam had gone out to Palm Spring, Call- f0rnla, where ho insists on spending his winters, and Rooso- welt tried to reach him whllo en route cast through tho pan- anna Canal. He wanted sam to begin writing tho joint stock markct-securitios bill for the ,Bpc- ciol session of congress, and in. structed Charles TaussIg to get Untermyer 10 Washington by m army plane from Panama.
 "Snm will love that," smiled Taussig.
 Publicity. eh?" snld the president, cooking his head on one side. swell, let him come by commercial plane then"
 WHEN SAM CAME
 sam came, And despite being splashed with mud and ground cd at Richmond by n storm, no was hls usual swnggering swcar- ing self. Roosevelt asked him first of all to sec Houston Thompson, formerly of the fed. eral trade commission, who was writing tho first draft of the leg islation.
 Untormyor did 50. The next day he called tho president on the phone and nearly blew the receiver off telling him what he thought of Thompson. Roosevelt c0untered by asking both Unter- myer and Thompson to tho White House. With them came Professors Moiey and Tausslg, tho latter having been chief stock exchange adviser to the presi- dent.
The Waterbury Democrat., 1934-05-08
Britain Shuts the Door

The British government made mild protest against Japans threat to bottle lIp China economically, giving an impress sion that 1t didn't want to get into any trouble with Japan, and regarded the mat ter 6 closed incident. That didn't look SO good to Americans. After our firm stalld. it seemed to leave America alone and bearing the burden of Japanese LII will.
 Then Britain went ahead and really did something. She announced policy of self- -defense against Japan's textile trade, which has been flooding the British efn- nire with products stranEling British tex
The Waterbury Democrat., 1934-05-08

to be done Just te be smart and for the fun of laughing 50 fhaiF sleeves, This state Of affairs has been going on for some time.
 I'm sure no mother or father wiah fheir children fo get 1n trouble but where there is careless Fe- eponeibIiIfv of father aaa mother Q the ehlid If is f1me for the poe iiee l0 act. Merely FHuFimnndIns nne aad letting the elder and wleeF boys escape does Hoz aaaae a good community.
 Azl@aazana HneaIla
The Waterbury Democrat., 1934-05-08

Here's the last word in voting. It comes from Bogota, Columbia, South America. Every time a person goes to the polls down there to vote now a certificate of citizenship must be presented. plus pie ture of the voter. Incidentally finger print records will be on file at the Iden- tification Bureau of the National Police. Sounds almost like q training course for New York taxicab driving.
The Waterbury Democrat., 1934-05-08
Editor Of the Democrat:

Editor Of the Democrat:
 The method of getting even with a nelGhboF for not dealing in their store by complaining Co the police every little petty prank that hiF children are making is an old trick. It all comes out in the wash. The police have responded fo 6 complaint made by a person Ga the Town Plot section. The group Of boys scattered before the police ars rived. Hut only one was located and reprlmandel with a little fa- lherfy advice. While { approve ef ahe manner ln which the ppllee