davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-01-17
DEPRECIATION DATA.
USE IS OPPOSED.
Georgetown Gas Co. Main
tenance Costs Met From
Surplus, Witness Says.

The Public Utilities Commission should
ignore accrued depreciation in finding q
value for the Washington and George
town Gas Light Companies, one of their
expert witnesses testified today.
Luther X. Nash, economist, said the
reason for this was that the commission
had never allowed the companies to
charge adequate sums for maintenance
and retirements. From time to time
they have had to make appropriations
from surplus for these purposes, he said.
II these appropriations had not been
made the reserve of the Washington
Co. on June 80, 1882, would have shown
deficit Of $775,000
This, he said. indicated the gas GUS
toners, through their rates had con.
tributed nothing to take care of the
company's retirements.
VIII Show Depreciation.
Mr. Nash, however. will later intro
duce an exhibit showing observed de-
probation in the properties as they
existed on June 30, 1882, which is the
effective date Of the valuation case now
in progress
The hearings on the bill to merge the
two gas companies last year came back
to life at yesterdays session when the
company lawyers read extracts from a
letter sent by Acting Chairman Elgen
OF the commission TO Representatlye
Black OF the District Committee, when
the bill was under consideration. At
that time, Mr.. Elgen wrote:
I am very safe In saying that the
records Will show that no regular COM
mission in the United State has taken
more vigorous stand In an effort to
minimize the importance Of this So
called element Of value (referring to
going concern value) and this in the
belief that, the Supreme Court OF the
United States 10 the contrary notwith-
standing. separate allowance for 60
Rely on Commission.
The letter also pointed out that other
progressive commissions were relying on
the local commission to the fght the
inclusion Of this as a separate element.
The letter was read into the record,
according to Stoddard NJ Stevens, jr. d,
company counsel to show the COM
mission was hostile to the inclusion Of
this element: The companies are ask
ing Tor S3.000,000 under this heading
oolHB CofCeIH Value was tne rock on
which the merger bill foundered. as
the late Senator Howell of Nebraska
refused to consent to passage of the
bill unless the companies would agree
to make no claims under this eading
In future valuation cases. They re-
fused and the bill was killed.
Mr.. Stevens argued in favor Of letting
in the testimony offered on going value
and Assistant Corporation Counsel
William Roberts argued in favor OF
striking it all out. The commission
regarded the issue Of such importance
that 1t ordered written briefs filed by
tomorrow afternoon by both sides. II
deferred any cross-examination on 60
ing value until after the briefs come in
Evening star., 1934-01-17
ICKES CREATES new
STATISTICAL DIVISION
Clyde Ray Chambers VIII Head
Co-ordinating Department
of P. w. A.

A new division Of economics and sta
tistics of the Public Works Admins
tration has been created by Administra-
tor Ickes. it was announced today.
Clyde Ray Chambers Of Missouri has
been appointed director. The division
will coordinate the statistical work
of the P. w. A. with that Of other Fed
eral agencies. furnish the National
Planning Board with data requested
and supply Ickes with special statis-
tical information and analyses.
Director Chambers will represent the
p. w. A. before the Central Statistical
Board 1t was stated. He Is specialist
IN economic research and formerly
served with the Department Of Agri-
culture and the Treasury Departments
statistical branch. Until recently he
was vice president of the Investment
Research Corporation Of Detroit.
Evening star., 1934-01-17
TEXAS PATRONAGE
ROW S|DETRACKED
Garner Gets Farley to Relieve
Him Of Responsibility of
Passing on Jobs.
BY the Associated Press.


An intra-party row in Texas over Job
distribution has been side-tracked with
the abandonment by Postmaster Gen.
eral Farley of a plan to give Vice Prea-
dent Garner the post ONCE patronage
in new Congressional districts in the
State.
The Postmaster Generals action was
announced yesterday in a caucus of the
delegation by Grievance Committee"
of three appointed to try to still the
turmoil. The committee, comprising
Representatives Patman, Kleberg and
Thomason, made public a letter from
Garner to Farley which led to the
abandonment.
In the letter, Garner asked to be re-
lieved of the responsibility, saying
harmony within the delegation was at
stake.
Representatives Patman, Kleberg
and Thomason. committee represent
ing the Texas delegation, are in my
Office at this moment" the Vice Presi-
dent wrote Farley.
1ney are very mucn worried ABOUT
the proposal that I pass on qualif1ca-
tions of postmasters in the new districts
in Texas and. to be Frank with you,
Jim. am worried about it myself be-
cause of the friction that might arise
between the Texas members of Con-
gress and myself.
For more than a decade I have tried
to CONCEAL, and have succeeded in hav
ing as solid delegation from Texas as
there is in the union. I am anxious for
that State of affairs to continue; there
fore, I want to ask you II you won't re-
lieve me Of the burden Of saying any
thing about the qualifications Of any
postmaster anywhere in Texas"
Farley's acceptance of the request was
disclosed simultaneously with the letter.
Kleberg, Thomason, Patman and
others lost counties in the recent re-
districting in Texas They contended,
however. that by an agreement between
the delegation and Farley last June they
were to be permitted to control post
office patronage over their old districts
until Representatives for the new dis
tricts have been seated next January.
Evening star., 1934-01-17
CHURCH INSTALlS
DR., RAPHAEL MILLER
Trustee Of Drake University Be-
comes Pastor at National
City Christian.

Rev. Raphael H. Miller was formally
installed last night as pastor OF the
National City Christian Church.
DR.. Miller. who has been at the
church since December II, is a native
Of Syracuse. NJ Y. After completing
his education at Auburn Theological
Seminary and Drake University, he
served aS pastor Of churches in Buffalo,
N. Y, and Kansas City. Mo.
He is past president of the 1nterna-
tional Convention of Disciples of Christ; ;
past president Of the Missouri State
Missionary Society; director OF the
Christian Board of Publication: trustee
of Drake University, and trustee of
Lynchburg College, Lynchburg. Va.
Many prominent clergymen participated
In the ceremonies.
Evening star., 1934-01-17
&. D. SHAW IS REELECTED
BY RETAIL TRADE BODY

Edward D. Shaw, secretary Of the
Merchants and Manufacturers ASSoci-
alton was reelected a director of the
National Association of Retail Secre-
tarieS at the conclusion of the twenty
second annual convention Of the Or
ganization in New York yesterday.
w. E. Balch of Indianapolis was
named president of the association.
Other officers chosen were Edward
Weinbaum of Portland, Greg, first vice
president; Paul Ladd of Providence,
R. l., second vice president, and Sadie
treasurer.
Besides Mr. Shaw, other directors
named were Charles E. Boyd of De-
troit, Daniel Bloomfield Of Boston and
Frank Griffith of Winston Salem, N. c
Evening star., 1934-01-17
FULL HEARING SEEN
0NCURRENCY BILLS
Somers Plans to Let Repub-
Iicans List Witnesses
for Inquiry.
BY the Associated Press.

BY the Associated Press.
Eager to speed along the Presidents
devaluation bill, the House Coinage
Committee today abandoned its sepa-
rate study OF the "adVSabllity OF sta.
bilizing the dollar on a metallic base"
At the call Of Chairman Somers the
committee went into executive session
to plan how 1t would handle the re-
valuation measure. referred to that
committee yesterday after a dispute
with the Banking Committee over
jurisdiction.
TT is my hope" somers said. 'to
discuss the bill with us at his con-
venience. Then we will have, I ex-
The Republicans have been urging
adequate hearings. 1t is my intention
to let them give us a list Of persons
they think We should hear-and then
hear them"
Warburg 10 Be Heard.
Although the appearance Of DR.. p.
Cyril James. professor of finance at
Cancelled permanently, Somers said
James p. warburg. former monetary
adviser to the administration, might be
asked to testify on the new plan.
Meanwhile. the Banking Committee
was considering whether to appeal to
the House Speaker Raineys decision
that the Coinage Committee was en-
titled to handle the revaluation
measure.
The Coinage Committee occupied it
self yesterday with gathering material
on methods Of stabilizing the dollar
Father Charles E. Coughlin. noted
radio speaker. warmly praised President
Roosevelt's program and said that un-
less Congress enacted 1t there would
be revolution that will make the
French revolution look silly"
Frank A. Vanderlip. New York bank
er, earlier urged return to modern
lied gold standard" under which there
would be no requirement that paper
currency in circulation be backed with
a required proportion of gold as at
present. Before leaving the stand, he
said he favored the Presidents plan.
Roosevelt or Ruin"
Father Coughlin. in praising the
Roosevelt proposal, exclaimed
If Congress refuses to follow through
on this idea OF Mr.. Roosevelts. I pre-
dict a revolution that will make the
French Revolution look silly. It's
Roosevelt or ruin"
But, he added. devalution Is insufn-
cient without an increase in currency
in circulation, whereby the capacity OF
the people to purchase the products Of
the Nations industries is increased. He
argued strongly for reconciliation OF
silver.
Father Coughlin said the people were
behind the President so much that:
ITO my mind, q Congressman who
doesn't acquaint himself with that fact
perhaps through intellectual lazineSs,
or who refuses to understand the prob
lem, is certainly playing with political
dynamite"
The radio priest explained he did not
post as a monetary expert. He said
that after revaluation Of gold he would
like to see steps to raise the value OF
silver coins from tokens to real money,
and symmetallism."
Evening star., 1934-01-17
NEW ANACOSTIA BRIDGE
PLANS ARE APPROVED
Structure Will Replace Span
Through Which Train Crashed
Last Spring.

Plans for erection OF new Pennsyl-
vania Railroad bridge across the Ana
costa River at the District line were
approved by the War Department yes
terday. The bridge will replace the
span through which the Southern Rail-
roads Crescent Limited crashed dur
ing q severe storm last Spring. A tenn
porary structure is now being used.
Clearance Of the new bridge will be
greater than that of the old span and
plans have been approved. the War
Department report stated, by the Fine
Arts Commission. the National Capital
Park and Planning Commission and
the District Commissioners.
Evening star., 1934-01-17
DEvALUATION is FOREsEEN.
Canadian Parliament Likely to Get
Dollar Request,

TORONTO. January IT Up. The
Toronto Globe. in special dispatch
from its Ottawa correspondent. said to-
day it was believed in cabinet circles
that Parliament will be asked TO reduce
the gold content of the Canadian dol
lar.
The newspaper said belief such q
plan was contemplated in this country
followed President Roosevelts monetary
message.
The Glove said: The adoption by
statute of such lower gold content Of
the Canadian dollar would, undoubt-
edly. have widespread reaction. It
would in due time reduce by one-third
the burden of all indebtedness payable
in Canadian currency, and would tend
TO increase prices of commodities in
the domestic trade Of Canada in similar
proportion"
Evening star., 1934-01-17
JAPAN THREATENS
YEN DEVALUAT|0N
Finance Minister Indicates
US. Monetary Policies
Will Be Followed.
Nv the Associatsd pre.s

By the Associated Press.
TOXIC, January l7-Japan probably
will follow the monetary policies Of the
United States as laid down by President
Roosevelt, Finance Minister Korekiyo
Takahashi indicated today in an in
terview.
He asserted the government ID in
tensively studying the problems Of gold
and devaluation, with the intention Of
presenting legislation to the Japanese
Parliament asking powers similar to
those of the American President.
If America returns TO the gold
standard with the gold content of the
dollar reduced as seems likely" de-
clared Takahashi, Japan probaly will
be compelled thereafter TO devaluate the
yen similarly in order to resume gold
payments.
Preparations for such an eventuality
will be necessary to strengthen the ma
tons gold reserves"
Other financial authorities predicted
that Japan would begin systematic pur-
chases of gold, to be financed partially
by the governments anticipated profits
from the devaluation Of the yen.
DEyALUATION is FORESEEN.
Evening star., 1934-01-17
BY PROF. EDWIN WALTER KEN
MERER.

PRINCETON, N. J., January II
(NAN.A).-While In q time like this,
when healthy economic recovery is being
retarded by monetary instability and
uncertainty a. to the future value OF
the dollar, any step in the direction of
stabilization Is TO be welcomed; and
while all the profits realized from any
devaluation plan that may be adopted
should clearly 60 to the whole Nation
as represented by the National Govern
ment and should be used exclusively by
the Government for making the stabil-
iDation plan effective and for paying of
the national debt there are a number
Of features in the administration stabil-
ization plan that are open to criticism.
These features include its theory that
the countrys gold reserves should all
belong to the Government instead Of
the Federal Reserve banks; its theory
Of the relationship of silver to stabiliza-
ton: the implied commodity dollar
feature Of the plan. and the very low
range OF rates between which the ad-
ministration proposes to stabilize. 1t is
this last feature Of the plan, providing
for stabilization between so and go cents
gold, upon which public attention should
now be concentrated, and it Is to this
feature Of the plan that this article Is
deyote5
Evening star., 1934-01-17
Democrats to Hear McCarran.

Senator McCarran, Democrat Of Ne
vada, will be guest speaker at q meet.
ing Of the Young Democratic Club OF
Capitol Hill in the caucus room, Sem
ate Office Building, tonight at 8 o'clock.
Plans have been made by the group 1or
0 series OF dances, the flrst OF which
!. win be held at the Roosevelt Hotel on
february 2.
Evening star., 1934-01-17
ANNUAL BANQUET TONIGHT
Passenger Association Will Hold
Affair at Arlington Hotel.

The Washington Passenger Associa-
tion will hold its twenty-first annual
banquet tonight at Z O'Clock at the
Arlington Hotel
Between 200 and $50 members Of
the association, which Is composed of
men engaged in solicitation and han
ding of passenger trafnc in New York,
Philadelphia, Baltimore and Washing
ton, are expected to attend.
r. e. Coleman Of the Baltimore &
Ohio is chairman of the entertainment
committee. Clyde H. Freed Is presi-
dent of the association. =
Evening star., 1934-01-17
$500 Refuse to Hear
Aimee McPherson;
Demand Money Back
by the Associated Press.

BY the ASSOClateo FIeSS.
SEATTLE, January 17.-Of-
fered their choice Of their money
back or listening to . sermon by
Aimee Semple Mcpherson Hut
ton, the evangelist, after . sched-
uled debate had been called of,
more than $500 persons sought
their money last night.
The exodus Of about half OF
the audience followed her an
nouncement from the platform
that her debate opponent. Charles
Lee Smith, noted atheist, had
failed to arrive. She was to de-
bate him on There Is No God"
As the time neared for the pro-
gram to begin word had reached
the auditorium that Smith was
still IN Portland. his plane hav-
ing been turned back by fog.
Evening star., 1934-01-17
WIFE SUES D. c. PAINTER

John p. Morris, Married Here In
1919, Named in Reno Action.
Mrs. Marguerite Bond Morris filed
suit in Reno. New, yesterday Tor
divorce from John P. Morris, formerly
of 1922 Monroe street, charging cruel
ty, according to an Associated Press
dispatch.
The couple had lived at the Monroe
street address, with their two children,
for q number Of years. They were
married here September 20. 1919.
Morris Is q painter.
Evening star., 1934-01-17

CONTINUED From First Page)
with the British equalization fund in
fighting trim-as it is supposed to be at
present-and with the United States
fortified with what Henry Morgenthau
jr., termed chips" 1t Is considered
entirely unlikely that the two nations
will engage in . cut-throat currency
game.
Evening star., 1934-01-17

tant kinds of savings and Of income
that do not rise at all-or at least to
any considerable extent-as the value Of
the dollar declines, or, in other words,
as prices and the cost Of living rise.
And there are other kinds of income
that increase when prices and the cost
of living increase. but much more
slowly. These incomes ar laggards. and
1t takes them q long time to catch up
with rapidly rising cost of living
In the first class, namely. the class
representing savings and incomes that
do not rise appreciably as the dollar
depreciates-infation imposes perma-
nent loss on creditors. In this class
are such credits as life insurance poll
cies, OF which the amount outstand-
ing in the United States today Is over
500 ,0G0, 900, 900: bonds and mortgages.
namely, the forms OF securities in
which are invested much Of the en-
dowments of our colleges. hospitals,
public libraries. research laboratories
and other public welfare institutions,
and Of our savings banks; also practi-
cally all pensions and annuities.
The owners or the benefciaries of
such credits are the creditors whose
capital and income would be perma-
nently reduced by a reduction in the
value of the dollar. for these obliga-
tions are payable, principal and inter-
est, in a fixed number of dollars re-
gardless of the value of the dollar They
do not rise like the prices of commodi-
ties, Of real estate, and Of common stock
as the dollar depreciates II the pro-
posed plan is carried through, these
people and institutions will suffer per-
manent losses that will amount to tens
Of billions of dollars.
1t is a significant fact that the face
value of the life insurance outstanding
in the United States alone is approx
mately IL times as great as that of all
of the farm mortgages in the country.
Evening star., 1934-01-17
Dollar Stabilization Range
Is Held Too Lou by Ken,merer
Monetary Expert Fears Permanent In
justice to Many in so to 90 Per Cent
RepuIuuti0n-Far0rs A Reduction.

The ipriter OF this estimate OF the
monetery policy President Roose-
uelt disclosed In hts message Mon
day Is internationally distinguished
as an authority on money. Various
foreign countries hare enlisted his
aid as money Doctor" He Is
Walker professor OF international
finance at Princeton University.
Evening star., 1934-01-17
LabOring Glasses Suffer.

The second class that would suffer
heavily from such a great reduction in
the value of the dollar is our great
laboring class, including both skilled
and unskilled labor. and our so-called
white collar" working class. Both
economic theory and numerous expert
ences with monetary depreciation in
this country and abroad show and show
emphatically that, when the currency
depreciates, wages lag behind prices and
the cost of living on the rise; and until
the price adjustments to the new and
deprecated monetary unit have been
completed and the laggardly wages have
finally caught up to prices. which US
ually takes several years, the laboring
classes suffer.
Their costs OF living rise faster than
their incomes. while the value of their
savings and of their life insurance de-
clines, so that increasing demands are
made upon them to make provisions for
the inevitable rainy day" Even when
these people have mortgage debts which
they can pay of in a less valuable
dollar. they frequently find that after
they have met the increased current
expenses due to the depreciation of the
dollar, they have even fewer dollars
than before for making payments on
their mortgages.
In view of these facts, the public, in
my Judgment, should oppose. and op-
pose vigorously, such a drastic reduction
in the gold content of the dollar as the
one which the administration Is now
proposing Some reduction Is probably
a political necessity. but reduction so
great as so per cent. or even 40 per
cent, Is altogether too large A reduc-
tion Of one-third would be the maxi
mum that should be considered at all.
and the reduction should be substan-
TALLY smaller than this if politically
possible.
The subject is one Of momentous i'm
portance, involving the welfare of the
entire American people for generations
to come. and the public should speak
out vigorously their Judgment in the
matter before it is too late.
(Copyright. 1894 by North American News
paper Alliance IncD
Evening star., 1934-01-17
ACCORD TO SUPPORT
RATIO OF DOLLAR TO
POUND REPORTED

Continued From First Page.)
The Washington times., 1934-07-14
STAHL LEADING
LEAGUE WITH
z HOMERS
BY SID KATZNELL

'! "Huck" Stahl, husky short
stop Of Heurich's Brewers, is not
only one Of the best fielding
shortStops on the sandlots, but a
hitter Of exceptional ability.
Also at present he is leading
the Industrial League in home
runs with IL clouts, and he's
sporting a batting average that
sounds like a British war debt
token payment when you men
ton it. He's hitting $50.
Dutch" Robson, initial sack
guardian for the Acacia Life In
surance nine, was the weakest
hitter on Central High team in
1924. He batted a meager .125.
Now he is banging the apple at
a 1886 clip and is leading the
National Capital League in dou-
bles with five.
Plays with Federals
Sam Simon, the bowling star,
who gained quite a reputation
with the Government Printing
Office two years ago holding
down the keystone sack, has been
discovered displaying his wares
with the G. P. o. Federals in the
Federal League.
The baserunners in the Ma
tional Capital League have the
highest respect for the throwing
arms of the Sanico outfielders,
namely, Karl Nau, Benny Jen-
kins and AL Butcher.
Larry Williams, beSpectacled Sec
retary Of the M tgomery County
League, is probably one of the
busiest young men in local sand
lot circles. Besides his duties as
secretary, he is holding down
the hot corner and managing the
North Washington A. C. on Sun
days. On weekdays he plays
thru base for the Premier Cab
nine in the National Capital
Loop.
Loses NO-hitter
"Red" Bost, 17-year-old south
paw finger for the Clarendon
Business Mems Association team,
saw his chances to enter the
sandlot hall OF fame shot to
pieces last week when Fort Meyer
Heights made two singles in the
ninth frame. He held the Fort
Myer aggregation hitless and
runless up to that time.
Lefty" Jewett, pitcher, first
baSeman and manager of the
PWA of the Herald Government
League, has only lost two games
on the hill this year and both to
NRA. He has copied six.
The Washington times., 1934-07-14
FiUe Auto Races
Listed This Month

Automobile races scheduled
throughout the United States for
the balance of July were announ-
ced by the contest board of the
American Automobile Association
as follows:
Sunday, July 15-Montgomery
(AlaJ Fair Park.
Sunday, July 22-Hohokus
IN. j. Park.
Sunday, July 22-Lakewood
Park, Atlanta, Georgia.
Saturday, July 28-Fair
Grounds, Harrington, Delaware.
Sunday, July 29-Funk's Speed
way, Winchester, Indiana.
The Washington times., 1934-07-14
Wrestling Results

At New York-Dick Shikat, for.
mer worlds champ, of Philadel-
phia, threw Emil Dusek, Omaha.
Hans Steinke, Germany, and
Harry Fields, New York, drew.
Everett Marshall, New York, de-
feated Vanka Zelezniak, Russia.
Hans Schnabel, Germany, downed
Axel Madsen, Sweden. Tony Carl
baldi, Italy, and Johnny Carlin,
New York, drew. Tiger Flowers
JohnStone, Cuba, drew with Max
Martin, Columbus, Ohio.
The Washington times., 1934-07-14
j. s. ARMY FOUR
! RIDES TODAY

RUMSON. N. j., July 14.-The
United States Army four rides
out this afternoon against the
Monmouth County Country Club
team in the opening of the ma
tional outdoor junior polo cham.
pionship tourney at the Rumson
Country Club.
The Army squad, which has
won the title seven times in 80
years of tournament play, in
cludes Capt. C. E. Davis, Lieuts.
C. N. Mcfarland and G. w.
Read, jr., and Major C. C. Smith.
The opposing team is made up
OF w. K. Reber, c. c. Combs, jr.,
B. K. Gatins and William Foales.