davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-07-20
RAIL WARRANTY
MARKS STOCK
HISTORY

NEW YORK, July 20.-A note
worthy feature Of railroad finan-
cial history during the depression
has been the almost complete abb
sence of defaults on guaranteed
railroad stocks, observes the
Standard Statistics Company, of
New York, in q comprehensive
46-page survey of these obliga-
tionS Of the great railroad sys-
TENS Of the country. just issued.
In all, there are upwards Of
140 separate issues Of this type;
approximately half Of these, as
determined by the dates Of the
respective leases, have been con-
sistent dividend payers for more
than so years, while two-thirds
can boast Of 40-year continuity.
This excellent record Of uninter-
rupted payments is all the more
enviable when one considers the
numerous bond defaults that in
evitably coincide with periods Of
great economic stress.
Investors FavOrite
Long favored by banks, insur-
ance companies and other con-
servative investors, the guaran-
teed stock represents a proprietor
ship interest in railroad property
which is generally important, if
not indispensable. to lessee rail-
roads system. It's claim to fixed
income is supported by a long
term lease, the validity of which
is well established. In practical
investment sense these securities
are comparable to bonds: by and
large they rank on a parity with
senior mortgage obligations. Al
though lacking a rapid market
turnover, they are with very few
exceptions) free from the Federal
normal income tax and non-
callable.
Guaranteed stocks representing
integral and essential segments
OF main line mileage are in gen.
eral suitable mediums for in
veStorS' funds. Principal and in
come clearly possess high
degree of protection; guarantees
are independent of earnings and
in many instances are strength.
ened by endorsement on the GER
tificates. Yields ranging from AZ
per cent to per cent are avail
able in high-grade guaranteed
stocks, while certain issues in
lower quality classifications hold
possibilities of further enhance
ment in addition to offering
generous and fairly we'll assured
income.
No Complete Default
Evaluation of guaranteed rail-
road stocks must take into &C.
count three main determinants
Of investment quality. These are:
Cd the value of the property, in
terms of individual earning
power and-or strategic impor-
tance to the operating company;
90 the terms of the lease or
contractual agreement. and 60
the earning power and credit
standing of the tenant or guar
antor road.
The Washington times., 1934-07-20
v';s; :s..ssss s;s;;''' N. Y. Bond Quotations

NEW YORK, July 20 UN.S0.
The bond market was heavy in
the early trading today with scat
tered fractional loss predominant
ing.
Second grade rails, yesterdays
weak spot, failed to display any
disposition to stage a rebound.
Chicago g. North Western Con-
vertible 4As, were unchanged at
331a, Missouri Pacific IS 'F" were
unchanged at 27b. while the
Rock Island 41as lost " at 9b.
Prime investment liens were
steady failed to get up enough
headway to make any further
gains. Detroit Edison IS were un-
changed at 1C8, as were the Atch-
ison General As at 105H.
United States Government liens
were quiet in the early trading as
were the foreign government
issues.
The Washington times., 1934-07-20
LONDON PRICES
HES|TANT

LONDON, July 20 GN.SJ.
Stocks closed the week hesitantly
on the London exchange today
but prices were generally main
tanned.
British funds and gold mine
and rubber shares were better
and aircraft issues recovered after
early Setbacks. Rails, induStrialS
and oils were steady. Anglo
American securities were slightly
easy.
The Washington times., 1934-07-20
Railroad Income
Is S413,344

New York, Chicago & st. Louis
Railroad reports for six months
ended June 30, 1884, net income
Of $413.344 after taxes and charges,
equal to $1,14 a share on 360,516
shares of 6 per cent preferred
stock on which there is an ac-
of unpaid dividends.
This compares with net loss of
81, lit, ,043 in the first half of 1888.
The Washington times., 1934-07-20
Listing Asked For
Trust Certificates

Application to list the follow
ing security is pending before
the committee on stock list and
may be acted upon at it's next
meeting: Columbia Pictures Corn.
voting trust certificates for 1900
additional shares of common
stock without par value.
The Washington times., 1934-07-20
VOTE QUARTERLY

Directors of American Rein
surance Company have declared a
quarterly dividend of 62h cents
q share on the capital stock,
payable August Is to stockholders
of record July 81. The last pre-.
viouS dividend on the stock was
the quarterly distribution of so
cents q share on May IS, 1894.
The Washington times., 1934-07-20

Volume This Year
40,l2S,395 Shares
The Washington times., 1934-07-20

U. 8. Government Issues
The Washington times., 1934-07-20

Collection fees s............................. $7O545
Commissions OBSERVATION-DISCLOSURES. IT'S
Exchange Observation-Disclosures.
Foreign Exchange e........................ 1,15773
Interest collected Bank Balances 23168
Interest collected 159O8247
Interest collected Bonds and Securities. 5166307
Real Estate Income Observation-Disclosures. 2445665
Treasury Services Observation-Disclosures. $500
Safe Deposit Rents NEUTRALITY-SUSPICIOUS.. 2,54060
$2ss. .s4714
EXPENSE
Advertising Observation-Disclosures. 5000
Examinations Government 60477
Interest paid Borrowed Money. 71,41167
Real Estate Operating Expense. 16,20840
Periodicals and Publications ................
Postage NEUTRALITY-SUSPICIOUS.. 3196S6
Saares-Officers NEUTRALITY-SUSPICIOUS.. 100000
SalareS-Other Employees ................. 56,08846
Salares-Service Employees ................ 7,13429
Salares-Extra Clerk .................
Stationery and Printing ................... 240176
Sundry Expense Observation-Disclosures. 12,0674O
Tax Circulation Observation-Disclosures. 12500
Real Estate Paid INSTRUMENTATION. 19.55215
Telephone 2,97490
Travel Expense ,........................... 10327
Reorganization Expense 1914
Rent NEUTRALITY-SUSPICIOUS.. 89666S
Legal Expense Se............................ 813250
Surety Premium ..................... 2,27976
Total: $261, ,sS27s
Interest Paid Bookkeeping Entry, Not Actual
expenditure ........................ 33Ss763
The Washington times., 1934-07-20

Montreal funds in New York S1S.75
premium at $1,000.
The Washington times., 1934-07-20

High Low 100
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
Democratic and Genial King Albert
Won Respect on Voyage to America
City Man Recalls MonarCh'S
Gracious Personality
on Shipboard.

Tragic and unitmely death of King
Albert Of Belfium, that most demo-
cractic and genial of monarchs,
brings pleasant memories of a
memorable voyage to T. Paul Jack
son, 1886 North Euclid avenue.
Mr. Jackson was a member Of the
crew Of the U. S. S. George Wash
ington when that ship carried King
Albert. Queen Elizabeth and Prince
Leopold and other members Of the
royal party from Europe to the
United States in September, 1919.
The U. S. S. George Washington,
a transport ship famous for the
number of distinguished personages
it carried from shell-torn Europe to
this country following the Armistice,
took the Belgian royal party on
board on Sept. %, 1919. in the Eng
lish channel, off Ostend
This incident Mr.. Jackson wildly
recalls.
I'VE were returning home with
more than two thousand of our own
troops. When word broke out that
our ship was to have the honor of
the presence of King Albert and his
family there was more than the
usual furry of preparation.
King Albert and his party came
over the side from the destroyer
Ingraham after a dash down the
coast from Ostend. Within forty
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19

minutes after their arrival our ship
had slipped out of sight of Calais
and the white chalk cliffs of Dover
and was bearing the royal visitors
westward"
M. Jackson relates that the pass
age took ten days. Accompanying
the king and queen and young
Prince Leopold were ten other mem
bers of the party-secretaries, adj
jutants and military attaches.
Asked what specific incidents of
the voyage he recalled most wildly,
Mr.. Jackson told of the geniality
and democratic attitude of the king
and queen and their 18-year-old
son, Prince Leopold.
There was a bearing about them
that made you feel they were not
king, queen and prince" Mr.. Jack
son said. "At all times they showed
a graciousness and eagerness to
learn something of Americans and
American life"
This was their first close con-
tact with things wholly American,
and all of us of the crew were sur
prised and gratified at the demo-
cratic attitude of the royal party.
king Albert was an enthusiastic
handball player His son, Prince
Leopold, Immediately won the af-
lection of the entire personnel of
the ship by his quiet and ingratiat-
ing bearing. The queen showed a
devoted interest in the sick on
board, and was constantly with the
nurses and doctors who tended
them"
81 am sure that all members of
the crew of the U. S. S. George
Washington, wherever they may be
now, will, like myself, regret the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
BY FREDERICK G. OTHMAN
United Press Stan Correspondent
Copyright. 1894. BY United Press,


KNOXVILLE, Tenn, Feb. ia
vast experiment in humanity.
spreading through seven states and
destined to change the lives Of
1000 600 people, is turning the Ten
nessee valley into Americas busiest
countryside.
The clang of electric shovel
browns out the boot of the noun
tain owl as President Roosevelt's
engineers carve from the southern
highlands a pattern so modern that
1t has neither precedent nor equal
Cheap electricity is the backbone
of the program It's objective is hap
piness-and security-for the Anglo
Saxons who have grubbed a pre-
carious existence from the hills for
generations.
Balanced living" is the theme of
the experiment. II it succeeds the
heads Of the Tennessee valley au-
thority forsee the spread of their
decentralized industry and scien-
tif1c farming throughout the land.
Their present laboratory covers
5000 square miles, affects one
seventh of the United States-and
puts the Muscle Shoals power plant
into practical use for the first time
since it was built.
From Muscle Shoals in Alabama
a power line follows the Tennessee
river for two hundred miles to
Norris dam, which is under con-
struction twenty miles north of
Knoxville. The Joe Wheeler dam is
being erected between the two ma
jor dams.
Around these dams center the
Twas present activity. These bull
warks of concrete in the Tennessee
river and its tributaries provide the
power which will form the back
ground for the following major as
poets of the development program:
1. Improvement of agriculture.
through production of fertilizer, ro-
tation of crops and scientific farm
ing methods.
2. Development of domestic in
dustries - weaving, furniture MAX
ing, China-making and the like
to supplement agriculture in pro-
viding employment.
3. Opening the Tennessee river to
navigation, thus providing cheap
transportation for the products of
the valley.
4. Retarding soil erosion, which
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
NEARLY 10000
TO Be DROPPED
BY STATE CWA
Reductions to Take Place at
End of Work Week,
HOPKINS Orders.

Telegraphic instructions for re-
auctions in the number of civil
works employees were sent to each
of the ninety-two counties of Indt-
ana by the state civil works admin
istration.
The Indiana administration has
received orders from Harry L. Hop
kins, federal civil works administra-
tor. to reduce total Indiana pay
rolls to $500, effective next Fri
day. The reductions made in each
county are to take place at the close
of the current work week, which
ends on Thursday. On Friday
morning, only the reduced quotas
are to be at work.
State civil works officials esti-
mated that the total pay roll in In
diana was approximately $500 on
all except federal projects in the
work ending last Thursday. The
reduction orders therefore will
amount to laying off approximately
10000 workers at this time.
The following orders were in
Guided in the telegram to each local
administrator:
I'm reducing pay rolls, following
steps should be taken: First, re-
move employees in whose immediate
family any other person is working,
leaving no more than one person
gainfully' employed in the family;
second, remove those with other
resources, and third, from a rating
of projects by our field engineers
which we will shortly send you,
eliminate the less desirable projects
to such as is necessary in absorb
ing this reduction of employees. In
carrying out this program, give
careful consideration of two factors:
First that Examinations of individ-
uals be of those who are least in
need of work, and second, that the
most desirable projects shall be car
ried through to successful COM
pletion"
The instructions also directed that
in making lay-offs needy women re-
ceive equal consideration with
needy men.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19

has ruined enormous areas of farm
land, reforestation.
5. Control of floods, which in the
past have sent whole communities
fleeing for life.
6. Conservation of the valleys
mineral resources, coal, clay, baux-
lite, marble and limestone.
7. Use Of the power production as
a 'yardstick" to measure costs of
electricity elsewhere in the country.
Dr. Arthur E. Morgan, head of
the IVA, points out that the pro-
gram is starting from scratch and
that it has no elements of emer-
gency such as characterizes the
other alphabetical units of the new
deal.
There is no need for hurry, but
there is need for careful planning.
Two floors in the new Sprankle
building here TEEN with engineers,
architects, and draughtsmen, work.
ing under directions of DR.. Morgan
and the other members of the IVA,
David E. Lilienthal and DR.. Har-
court A. Morgan.
IVA cars and trucks, with special
license plates, bump constantly over
the road between the new Sprankle
building and the model city of Nor
ris, which is building Alladin-like in
a beautiful valley of the Clinch
river, to be forever a monument to
Senator George w. Norris, father of
the Tennessee river program.
(NeXt-Norris, Tenn, the ideal
city, dream of a sociologist come to
life, and model for more cities to
Gomez
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19

in weekend raid that the slot ma
chine racket in New York is con-
trolled by Dutch Schultz and =
clique Of big lime" gangsters. in
vestigators today embarked on
hunt for evidence they believe will
link certain politicians to the Illicit
business.
Evidence of gangster control has
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
FEB. 10, 1894

been long sought by both federal and
local authorities. The raid ON an
elaborate suite of offices in a Broad
way office building yesterday pro-
vided the proof. according to police.
Six persons were arrested charged
with conspiracy in the possession of
gambling devices.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19

Chesterfield uses Turkish tobacco-from
Samsoun, Smyrna, Cavalla and Xanthi.
Then it blends and cross blends them
with various kinds of choice home grown
tobaccos in the right balance to give you
a cigarette that's milder, cigarette that
tastes better.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
SHOALS SCARS
'ALADDIN-LIKE
TOWARD COAL
Stupendous Project May Be
Pattern for Future
4. Life in u. S.

The Tennessee Valley is the scene Of
a vast experiment. The experiment 10
part Of President Roosevelt's new deal
II affects 2.OOO.OOO people and one
seventh Of the land area of the nation.
The United Press sent a stan cor
respondent to report FIRST hand the de-
ve.opmsnts in the experiment. The first
Of six dispatches follows
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
Pair Held in Coat Theft

Mabel Haverscamp, IS, and STAN
ley Webb 10, both of 1116 North
Capitol avenue, we're arrested Sat-
urday in connection with the theft
of an overcoat valued at $65 from
S. E. Harper, Washington hotel, at
downtown restaurant. They were
slated on vagrancy charges.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
IN. Y. MAPS CAMPAIGN
AGAINST SLOT MACHINE

Investigators Hope to Link PoIiti-
clans to Racket.
By United Press
NEW YORK, Feb. dissatisfied
as a result of information obtained
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
Golden Eagles to Meet

Capitol order, knights of the
Golden Eagles of America, will hold
the regular meeting Wednesday
night at 7:30 at 1880 Rembrandt
street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-02-19
But ,Uhy send 1000
miles for tobacco?

-. because spicy, aromatic Turkish is the
best seasoning there is for cigarette.
1t adds something to flavor and aroma
that no other tobacco can give.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-13
RTnN HrRE TO-DAY

Rarnsdss Bartv Eon 70 John Barty.
former FrE'lrh champion rrfzrlg n.fr-
dsfsrminrs 70 become a gentleman si -
receiving an fnhcTitance q ~ -
pounds. 81 t01. Geo Against ire lanes
a. h.a father and NauF BsA- s.s2 a
former p.zliirt he leaves i1r AoPQou-
h changes his surname 20 Befef4eE-
on the Uav 20 London - nee.s 10y
C.rcus Meredith Elth Enqm re lelte IN
lors. and finally succeeds ~ mini
frr promise 20 marry him heE ndu-
g. sought also By Chirnef-eT. tesi
a0f SIR Mortimer Carna1l ChlEnes-ef
has strong inference over Eoua4e bafif .
maine raf brother e LacT I.foAe.
HarrTmai1e is bounded 1T JASPER Ga-A-
warned 81 a friend. viEcount Horatio
FerarlT trat Harrvmaine mas pfen
refraclrr1 because ~ hts miAcon14Ct
smile drirErE Beverley netertrf -
seeks % uav Caurr ~ ar eHort - KEEP
a promise ~ LADY C.eoue tnak ne VIII
hrfn her Eln1man. Ga-ut refuses me
ofer
Beverley BUYS home N LONDON n
rlIch he .rstaIs John PeteraF loI-
r~rr poarhrr. a. Ve.et- ne lntaeee
frr u0rid o. fashion. and counts among
rs friends ViTcounf DeVfnham. Bster-
lev rlrr a high spirited horse from Cap
tan sirrr1v and deferwires 20 enter
Ffreni errarr rare tn which TIE FiscoanL.
Eir Mortimer and Captain Slinzsoy also
are ~ take part
-, -. rrrrr. rur eTnuV
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-13
Now co on wrTH The sroEr
ONE HUNDRED
ONE Continued

IL hLLalraN O-f r ~ MINI
ONE Continued
Cd. very mysterious person Sir
Mortimer was saying. nobody
knows him. devilish odd. On. Tres
sider7 Tuition Green dubbed him
the Galloping Countryman'-Vhat
do YOU think OF the nance
Could have suggested a better,
curse me II 1 couldn't. yes. Carnaby,
on damned Why not the Prancing
PlOuphman' or the Canterlng
Clodhopper ?" Here Sir Mortimer
laughed loudly, and the thinnish,
youngish gentleman giggled again.
Barnabas frowned. but looking
down at the red rose upon his
breast. he smiled instead, a little
grin1lv. as he settled his feet IN
the stirrupS. and shortening his
reins, ne sat waiting, very patiently
Not so The Terror. Patient, for
sOOthl He backed and sided and
tossed his head, ne fidgeted with
his bit. he glared viciOusly this way
and that, and so became aware Of
other four legged creatures like
himself. notably of Sir Mortimer's
powerful gray near by. and in his
heart ne scorned them, one and
all. proud OF his strength and
might, and sure OF himself because
Of the hand upon his bride.
NTOW All at once Sir Mortimer
N laughed again. louder than be-
fore. and in that same moment his
gray sWerved and cannoned lightly
against The Terror. and-reared
back only just in time to avoid the
vicious snap Of two rows Of gleam-
ing teeth.
"Damnationi" cried Sir Mortimer,
very nearly unseated. cant you
manage that brute Of yours and
ne struck Savagely at The Terror
with his whip. But Barnabas par
ried the blow. and nOw-even as
they stared and frOWned upon eacn
other. 50 did their horses. the black
and the gray. glare at each other
with barred teeth.
But. here, a sudden shout arose
that spread and spread, and Swelled
into a roar: the swaying line Of
horSemen Surges forward, bends,
splits into plunging groups. and man
and horse are of and aWay-the
great steeplechaSe has begun.
Half a length behind Carnaby's
gray gallops The Terror, fire in his
eve. rage in his heart. for there are
horses ahead OF him, and that must
not be.
on sweeps the race, across the
level and up the slope; twice Sir
Mortimer glances over his shoulder,
and twice he increases his pace. yet,
as they top the rise. The Terror still
gallOps half a length behind.
Far in advance races TresSider,
the thinnish. yOungiSh gentleman in
sandy whiSkers. holly pressed by
the marquis. and with eight or nine
others hard in their rear; behind
these again. rides the viScOunt,
while TO the right of Barnabas races
SlingSby on his long-lcgged SOrrel.
with the rest laundering on behind.
And now before them is the first
umD-a hedge with the CLEAN Of
water beyond; and the hedge Is
high. and the water broad Nearer 1t
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-13
COMO PAGE
Williams
BY Hamli@ -

Il do not want such things" he said. Her arm
crept up about his neck A tender light that was
new to them, weled in the eyes of Nemone, the
Queen Of Cathne "Tarzanl" she whispered
And then door at the far end of the chamber
was slowly opened by a claw-like hand!
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-13
The Amateur Gentleman
by Jeffrey FarnoI

looms. and nesrer-han a mile
away a quarteri less, Tressiders
horse rises TO II, and Is well over
with the marquis hard on his heels.
But now shouts are heard. and VI
cious cries. as several horses. refus-
ing. sverve violently; there IS a
crash a muffled cry-Some one Is
down. Then, as Barnabas watches,
snxious-eyed. mindful Of the Wis
counts injured arm-Moonraker
shoots forward and has cleared it
calamity.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-13

Tarzan of the Apes realized how easy it would
be to remain if the Queen bid to do so. Ne
none fascinated him; she seemed to exercise a
subtle influence, mysterious. hypnotic yet he
determined to give her no promise. L will make
you a noble OF Cathne," whispered Semone