davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-01-02
HUMAN ELEMENT
IN BUSINESS SEEN
F. M. Law Declares Broad
Relationships Vital for
Recovery.
BY F. NJ. LAW,
President American Bankers Association


NEW YORK, January 2 (SpeciaD -
In discussing the business situation
either from the standpoint of review
ing the development of the last year or
considering the outlook for the year that
lies ahead. the ordinary technical con-
ceptions, statistical facts and economic
analysis are inadequate. We must look
rather, to broad human relationships
and sentiments to find the most Signifl-
cant features of the period through
which we are passing.
To my mind the most important busi-
ness events and influences of 1888 are
the forces of public opinion resulting
from the questioning that the Nation
has been engaged in regarding the
SoundneSs. in terms of vital human
welfare, of the industrial, commercial
and financial methods and policies that
led to the depression The Nation Is
seeking and demanding a greater un-
derStanding and control of the major
business forces in the future, based as
never before upon more clearly defined
principles of human service. No sound
forecast of the business future is posi-
BILE without full consideration of those
| facts. II Is not enough now simply to
figure markets. costs and profits. To
these must be added public service as
I have the utmost confidence in the
soundness Of our established American
industrial, commercial and financial
systems and methods. In their struc-
ture and functioning they represent, if
properly used, the most efficient means
to produce on a scale never before real
lied in any other nation the necessaries
and comforts required to serve the
needs of our people. They also are, if
rightly employed, well calculated to
bring about a fair distribution of these
necesSarieS and comforts of life among
all our people. We must look upon all
cur industrial, commercial and financial
machinery not as ends in themselves,
but merely as means to enable all our
people to create and share in the abun-
dant life which our natural endown-
ments have made possible for all.
That such desirable state of affairs
has not wholly prevailed in the past is
amply evidenced by the human hard
ship caused by the depression. This
has been due, not so much to defects
in the economic machinery of our life,
but to the defects in the way in which
that machinery has been used, or
rather nisused by the spirit of selfish
ness that unfortunately is inherent in
Evening star., 1934-01-02
NEW YORK. January = P.-Over'
counter market:
Quotations as of :. O'clock)
Trust COMPANIES.
SILVER QUOTATIONS.

NEW YORK, January 2 R).-Bar
$50. -.-;;cc.. .lyr1. Il higher at 447a.
Evening star., 1934-01-02
DOLLAR GOES LOWER
IN DEALINGS AT LONDON
By the Associated Press,

By the Associated Press
LONDON, January 2-The opening
of the United States Congress is eagerly
awaited by the foreign exchange mar
ket, which, today, subjected the Amer
ican dollar to alternate buying and
selling of light nature which saw its
closing quotation 5.l6i2 to the pound.
The figure was 13s cents to the pound
weaker than yesterdays 5.l518.
Gold currencies were more active,
improving in the morning although
they eased later. The French franc
closed at 5000 to the pound.
PARIS. January 2 P.-Three per
cent rentes 81 francs, Az per cent
renteS IS. 40.
Exchange on London, 83.0212. The
dollar was quoted at 1902.
Evening star., 1934-01-02

human nature. When with seIfishness
there Is combined exceptional ability
in using the opportunities for per-
sonal gain and individual success
presented by our present organization
of society, it is inevitable that there
should be great unevenness and un-
fairness in the enjoyment of the
abundance that has been given us.
1t is also inevitable that there must
be day of social reckoning when
these inequities must be Strengthened
out,
Evening star., 1934-01-02
INSURANCE STOCKS

NEW YORK. January P.-Over-th
counte.' market
Evening star., 1934-01-02

41Is 19As Lambert Co 80
rs 81 Leh Port Cmt pf Z
6at Lehigh Valley Coal.
27s. Sks Lehigh Valley r r..
1884, 371a Lehman Corp t2.40) ..
231& Ia Lehn e Fink (20c) ID.
377s A.. Libby-Ow Ill l.20.
22la l55s Life Saver .l.60)....
$685. Aga Ligg Il Myers Btt5).,
31sA 10 Lima Locomotive
SO l0h Liquid Carbonic II 4
3612 Sl2 Loew's Inc GD......
7Sls 35 Loew's Inc pf t6R)..
A Ia Loft Inc. ......
5la Il Long Bell Lum (A). J..
25h 10as Lorillard tP) I.20).
4 Is Louisiana Oil. ......
% 3l2 Louisiana Oil pf.....
25s4 1875 Louis G & Ell AG%).
671a 21I4 Louisville &S Ma sh.
GOA 4 Ludlum Steel. .......
Evening star., 1934-01-02

Is :. Math AlkJan - "a Il. Il. >.
Sales OF Stocks New York Exchange
HOO A.M........ 2S0000 l2:0U Noon. .... $50 900
PM........... $4,000 200 PM.... / O0 600
n table are the annual
based the
o unit OF tra6ns less than 100
stock Plus ~ stock PAYABLE or stock Plus
hqs Plus 81 stock Paid this
Evening star., 1934-01-02
U. S. TREASURY POSITION.
BY the Associated Press


The position OF the Treasury December
2S was: Receipts, S8.9Ol .o53.91: expendi-
lures. S2I.S9I ,3S2 .66; balance. Si.O57.-
256,690.S5; customs receipts for the month,
S24,O21. .971.S1.
Receipts for the fiscal year since July
were 81 462.303.35 /; expenditures. 81
5S8.057. .0S5 IA Gncluding S1,130. .QS0, ,094 80
of emergency expenditures; excess of ex-
penditures S1,125. 753 S3;S .O:3
Evening star., 1934-01-02
METAL MARKET.

NEW. YORK. January 9 GP.-Copper quiet;
electrolytic. spot and future. Sl4. Tin firm:
spot and nearby 1925: future. 53.65, Iron
quiet No: .. fob. Eastern Pennsylvania.
1880: Buffalo. 1850; Alabama. 80. Lead
easier; spot, New York 4 90; East St. Louis.
3S5. Zinc steady, East st. Louis. spot and
future. LBS. Aptimony, spot 1sJ. Quick
silver. 67.QQaeS 90.
Evening star., 1934-01-02

Tie + eUeI dl OSpCSlO
Insurance Corpora
ton became opera
tive when the
banks opened today.
1t was learned III
the financial dis
trict that all the
banks in the city
qualified for inclu-
sion in the safety
fund. Local banks
N the Federal Re-
serve system are
automatic partici-
pants in the nation
wide safety move
while all others
qualified after spe-
oial examinations
fDIlOu-iroC their an
Evening star., 1934-01-02
DIVIDENDS ANNOUNCED

NEW YORK. January lP.-D.vidcnds
declared:
Extra.
Pc HldrS of Pay
Rate, Rod. record. able.
Hon Fndor5ed An Investors soc Jan ian 10 10
Alaska Juneau Gold
NIning Co. 15c Jan. 13 Feb. l
Accommodations Paid.
Curtis Pub pfd tpc. ;. Jan. l. Jan. %
Increased
United Verde Exten. .25c @ Jan. Feb. !
Evening star., 1934-01-02
APPAREL LINES ACTIVE.

NEW YORK, January 2 R.-Last
weeks trading in wholesale apparel
markets were featured by active buying
in dress and suit lines. Demand CEN
tered principally on popular and low
priced ranges.
Evening star., 1934-01-02
GUARANTY PLAN
| STARTS OPERATION
Deposits Up to $500 FuIIy
, Insured Against Loss in
; Washington.
BY EDWARD C. STONE.

Deposits up to s2.5oO in every bank
t1 Washington now are fully insured
against loss.
. The guaranty plan, as arranged by
The Washington times., 1934-04-30
WILL ROGERS
Says:

GILROY, Cal, April 3O.-MrS.
Rogers and were driving along
from Fresno to San Francisco,
seeing all the rancherS run in
at Willie Tevis' ranch (the
champion endurance RIDER.
There at q barbecue was the
Sultan Of lahore, the biggest
game hunter Of all the Indian
royal pack and tremendously
popular over there and a regu-
lar guy.
Well, I must tell you how I
talked myself out Of seeing his
place and stable and horses.
He was just out Of Singapore.
/ came in on a boat from Hong
Kong and was going to take
the plane the next morning
for London. 1 was going to
drive to his estate that after.
noon, but I talked at the Rotary
Club luncheon, and did ] talk?
1 must have blathered for
hours, bored the whole Of Sin.
gapOre, and missed the palace
Of lahore. That's one case in
history where a IOng-winded
speaker suffered in the long
run more than his listeners.
(Copyright, 1894, by McNauHht
Syndicate. Inc.)
The Washington times., 1934-04-30
Britain Assured by Japan
Of Open Door, in China

LONDON. April 80 G.N.SO,
Japan has given the British gov
ernment formal assurance that
she does not intend to infringe
upon the rights of other powers
in China, Foreign Minister Sir
John Simon told the House today
His declaration had been ca
gerly awaited in view of the re-
cent pronouncement from Tokyo,
warning the powers to keep out
of Chinese affairs and the Subse-
quent inquiries by the British and
American governments.
Sir Francis Lindley, British am,
baSsador to Tokyo, reminded Hi,
rota on April 25. Sir John con-
tinued, that the principle Of equal
rights in China was guaranteed
by the nine-power pact. Under
instructions from London the
British envoy informed Hirota
that:
"His Majesty's government
must continue to enjoy all the
rights in China which are COM
mon to all the signatOries (of
the treaty. or otherwise proper,
except so far as their rights
are restricted by an agreement
such as the cOnsOrtium or insO-
Far as Japan has special rights
recognized by the other powers
and not shared by them"
The Washington times., 1934-04-30

Hirota, replying, assured Sir
Francis Lindley Japan would OBJ
serve the provisions of the Nine
Power Treaty and that the con-
sumptions Of Japan and Great
Britain conceded. He stated
Japan continued to attach the
greatest importance to mainte-
nance Of the open door in China
and reaffirmed Japan's accept
ance Of that policy.
In view of Japan'S promise to
maintain the "open door" policy
in the Orient and respect existing
treaties-given to Great Britain
the American Government today
decided to refrain from making
any formal statement concerning
Tokyo's recent "handS-off" China
declaration at this time.
The conciliatory nature Of the
explanatory statement whic h
Tokyo also gave American Am
bassador Joseph C. Grew was re-
garded as leaving little ground on
which the Western powers could
base any formal protest.
On the other hand, this Govern
ment was not quite ready to follow
the lead of Sir John Simon, Brit
ish foreign secretary, in publicly
proclaiming the matter . closed
incident.
The Washington times., 1934-04-30
M|RS.ROOSEVELT 7
.EAUDS PATIENCE

Mrs. Roosevelt today expressed
the philosophy of the New
Deal, although she declined to
label it as such.
Speaking at her press confer
ence, she said:
Nothing is too complicated
to be accomplished If the
people only have patience and
courage not to be terrified at
the label put on all new prof.
ectS."
Words, said the First Lady,
have a peculiarly terrifying
effect on people who do not
bother to go beyond them.
She said:
81 think, however, that
there is enough ability in this
country to accomplish any
thing with a little thought and
time"
According to Mrs. Roosevelt,
Senator Thomas Schall (R0
Minnesota, who recently attacked
the First Lady's Waikiki fur
niture project, has never com
municated with her since his
failure to show up at an ap-
pointment at the White House
the morning his statement ap-
peared.
The Washington times., 1934-04-30
GARNETT GETS
XXX THREAT

District Attorney Leslie c. Gar.
nett today was threatened with
branding if he ever again prose
cutes a minister. The letter was
signed xxx"
The District Attorney, who
urged that Bishop Cannon be con-
victed of violation of the corrupt
practices act in the long trial
which ended last week with the
acquittal of the bishop and Miss
Ada Burroughs, regarded the let
ter as the work of a crank or a
practical joker.
The letter, which was headed
1--WE Ride Again." said that Is, 900
KlanSmen would meet tonight to
celebrate the acquittal Of the
bishop.
The Washington times., 1934-04-30
WORKERS
END STRIKE

CLEVELAND, Ohio, April 30
G.N.SO-Marking a new era in
organized labor's history, strik-
ing workers at the big Cleveland
plant Of the Fisher Body Com
pany today returned to their
jobs after voting to call off the
strike and allow the National
Automobile Labor Board at De-
troit to arbitrate the dispute
over union recognition.
Action of the strikers here in
agreeing to return to work
averted he danger of a gen.
eral strike in the automobile in
duStry.
|. It was the first time in his
tory that a major strike had
been called off without the
union that sponsored it gaining
some concession from capital,
and possibly foreshadowed the
end Of the use of strikes as a
weapon to enforce workers de-
mands in the automobile trade.
Richard L. Byrd, labor member
of the auto board, played the
major role in the peace negoti-
ations. In a surprise visit here.
he addressed a closed meeting
of the United Automobile Fed
eral Workers Union and was able
to come away with the announce
ment that the strikers had
voted overwhelmingly to go back
to their work benches.
The Washington times., 1934-04-30

Regular Hours
For Visiting
Rep. Norton

Unable to obtain additional
staff workers, Representative
Mary T. Norton CD Of New
Jersey, chairman of the House
District Committee, today es-
tablished regular visiting hours
for her office in an effort to
relieve her secretarial staff Of
overtime work.
For the past several months
her office has been besieged
with job-seekerS from Washing.
ton and her own district in
New Jersey to such an extent
that the employees have been
forced to work at night and
on Sundays. AS a result Mrs.
Norton has established the fol-
lowing visiting hours:
Mondays, Tuesdays, Thurs
days and Fridays, from II a. m.
to 3 p. m; Wednesdays rom
IL a. m. to S p. m, and Satur-
days from II a. m. to .. m.
The Washington times., 1934-04-30
MOB
7HWARTED
SHERIFF
Suspect in Officers Stabbing
Rushed to Baltimore As
/ Crowd Gathers

CRIsFIELD. Md, April 80.
After a heavily armed crowd Of
more than $500 men had combed
the Eastern Shore all night in
search Of Harry FlAmming, col
ored, accused Of shooting and
stabbing Policeman Harry Daugh-
erty, the suspect was captured
this morning at Kingston, a few
miles from here. He offered no
resistance.
He was turned over to State po-
lice, who took him to Baltimore
to avoid crowds which had been
threatening to lynch him ia he
was captured alive.
Officer Dying
Officer Daugherty was reported
dying in the Crisfield Hospital
with one bullet and five knife
wounds. He was unconscious all
night.
When word Of the wounding Of
the officer reached Princess Anne,
where George Arn1wood, colored
attack suspect, was lynched last
October, scores of men hastily
armed and drove to Crisfield to
participate in the search, as did
hundreds Of other men from all
parts of the Shore.
Old residents recalled that
about 20 years ago a colored man
shot and killed a policeman. A
mob Immediately took him out
and lynched him.
Menaced Woman
Officer Daugherty was wounded
when he received a call that
Flemming had menaced a col.
ored woman with pistol. Going
to her home, he went upstairs to
take Flemming into custody,
Flemming fired one shot at the
officer. then leaped upon MIN
with a knife, stabbing him five
times, then fled. The woman
rushed out of the house for aid.
James Evans, the other night
policeman, rushed to the place
anc found Mr.. DaugherGy uncon-
scious. He took his fellow officer
to the hospital and turned in an
alarm. Immediately posses started
securing the woods and swamps
nearby.
Shortly before z o'clock this
morning the colored suspect gave
himself up. He was placed in a
police car and started for Balti-
more, where he will be held Until
his case is called in circuit court.
States Attorney John B. Robins
and Sheriff Luther Daugherty ad-
mitted that the crowd was in a
menacing mood, and issued in
structions that the suspect be
taken to Baltimore for safe keep
ing when he was captured.
Armwood, the last man lynched
on the Shore, was also kept in
Baltimore, the mob organizing
Continued on Page 2, Col. So
The Washington times., 1934-04-30
Prof. Tugwell, Art Critic,
Dislikes White Mural

phrase apparently intended to
poke fun at the Grecian god
desses and mortals depicted in
the painting.
That remark led to the burn
ing controversy now raging about
the work. Among those who have
opposed the mural are Rexford
Guy Tugwell, who has apparently
suddenly become an art critic as
well as Undersecretary of Agricul-
ture, and leader among President
RooSevelt's college boys"
Work Defended
The standpoint Of the oppo-
nents is that the painting should
be modern" in subject matter
and execution.
For a long time after the con-
troversy broke out, Mr.. White re-
(CQntinued on Page 2, Col. 81
The Washington times., 1934-04-30
BABY FACE
S|CHTED|N
. CHICAGO
AREA
Slayer Of U. S. Agent Baum
One of 4 Gunmen Pursued
BY Police Cars

CHICAGO, April 80 U.N.S).
Four men, one identified by police
as George "Baby Face" Nelson,
Dillinger lieutenant. fought two
gun battles with suburban police
here today and escaped.
AT. Bellwood police chased q car
when it failed to observe a stop
light. AS the police squad car
drew alongside, the suspect car
suddenly stopped. Two men car
rying machine guns jumped from
the automobile and ran up to the
police car, shouting, "stick 'em
up."
Driver Knocked Out
Harry Waylan, driver Of the
police cal, was struck on the head
with a machine gun and fell to-
the pavement Unconscious.
The other policemen were dis.
armed. ,ss-..~..
The outlaws then ran back to
their automobile and sped west.
A short time later the despera-
does clashed with police squad
at haywood. About 80 shots were
exchanged before the gangsterS
outdiStanced and lost the police.
Nelson Recognized
haywood police said that one Of
the four men resembled Joseph
Fox, a Dillinger gangster.
Bellwood police recognized Mel
son, who has been identified as
the slayer of Federal Agent w.
Carter Baum, Of Washington, in
the gun battle with John Dillinger
and his gang at Spider Lake, Wis,
a week ago.
An earlier report from Randall
Elmer, Green county, Wisconsin,
district attorney, said that Nelson
had been seen in an automobile
between Monticello, Wis, and
Madison.
The Washington times., 1934-04-30
us. TREASURY
To BOOST
DOLLAR
200 Million Sterilization Fund
Set Up to Fight Fall on
World Exchange
BY International News Service

Steps to begin manipulation Of
exchange abroad to support the
dollar were indicated today when
the Treasury disclosed that its
1000 million dollar sterilization
fund at last had been set up.
A credit Of 200 million was
established on behalf Of the
Treasury with the New York
Federal Reserve Bank, which is
fiscal agent of the Government.
This amount became available
for any currency operations
deemed advisable by the Treas
ury. The dollar has been weak
recently. 1t was not regarded
likely that this Government for
the present at least would desire
to see the dollar TALL 10 the
export point for gold. ----~ s-'
conference del0
The stabilization fund is ad-
ministered by the Secretary of
the Treasury under presidential
supervision. Secretary Morgen-
thau and Mr.. Roosevelt were un-
derStood to have engaged in de-
tailed discussions of the dollar
situation and of the necessity of
beginning operations in the for
eign market within the last week.
The Treasury refused to say
whether there had been any en-
ployment Of the Stabilization
fund. Heretofore, the fund had
been carried as a part Of the
profit arising from the reduction
Of the gold content of the dollar
and as part of the cash bal
ance.
Mr.. Morgenthau stated that no
part of the gold profits would be
carried on the Treasury books for
budget balancing purposes. De-
spite the fact that the fund was
included as a portion of the daily
cash balance.
The dollar opened at $5.15A
on the London Exchange today,
off % of a point from Saturdays
close.
Huge Expenditure
Under trusts, contributed funds
and gold profits for April q, the
item for the stabilization fund
was given as 1000 million dollars.
However, under liabilities, the
same fund was given as 1900 mil
lion dollars, which might indicate
that the Treasury had expended
200 million dollars for support Of
the dollar.
AS a result of the transaction,
the Treasury's daily cash balance
was reduced from $4,333,5 900,
April 26, to $2,328,526,000, April
q. Under the expenditures was
given an item of $4,000, ,760,954 un-
der trusts and contributed funds
and good profits"
Secretary Morgenthau has con.
sistently declined to make any
statement relative to operations Of
the Stabilization fund, insisting
that any disclosures would be
harmful to the Governments pro-
gram.
The Washington times., 1934-04-30

Gilbert White, celebrated Amer
ican painter, who executed the
now famous 40-foot mural un-
yelled privately in the Department
of Agriculture yesterday, is more
moderate in his opinions of art
than some Of the critics Of his
work.
When asked what he thought
of the Public Works of Art Prof.
ects exhibition at the Corcoran
Art Gallery. Mr.. White declared
that he would prefer to remain
in his capacity as an artist, and
not become an art critic.
Bruce Sees Joke
Not So chary of advancing
opinions, however, is Edward
Bruce. director of that same
PWAP. He has termed the great
mural "ladies in cheesecloth," a
The Washington times., 1934-04-30
FRIENDS PUSH
M'LEOD BILL
PETITION
Committee Might Table New
Measure Unless Forced to
Bring 1t Out

Wary of possible trap in the
proposed Steagall amendment to
the banking act, sponsors Of the
Mcleod bank pay-off bill today
viii play safe by pushing their pc
tition calling for a vote on the
Mcleod measure May IA.
The Steagall bill has more merit
than other Mcleod bill substitutes
yet offered, but does not go far
enough in providing relief for
closed bank depositors, declare
Mcleod forces.
It may be a trick, too, they
point out, to induce those pushing
the Weideman petition to ease UP
their efforts to secure the SO addi-
tional signatures needed to make
Shs petition valid.
Fear Bill May Be Tabled
Should the petition fail, Repre-
sentative Henry B. steagall D.)
Of Alabama could table his own
bill in his own Banking and Cur
Tency Committee and so allow
Congress to adjourn without hav-
ing passed a single bank relief
measure.
A total of 145 names is needed
on a petition to make it effective.
Eighty-two have already been
signed to the present one and were
it not for many members knuck-
ling under pressure frcn the Ad-
ministration the las signatures
would have been found a week
ago.
The Steagall bill meantime is
perpleXing both proponents and
opponents of bank depoSitors'
relief.
Rainey FavOrs Compromise
Speaker Henry T. Rainey (D0
Of Illinois said a fortnight ago
that he could not subscribe to
the Mcleod bill in its present
form, but would favor an Ad-
ministration compromise and be-
lieved one would be passed.
Whether or not the Steagall
measure is what the Speaker had
in mind is not known. Signifi-
cantly, however, it was drawn up
by Representative Steagall, who
has consistently led the opposi-
tion to the Mcleod bill and who,
as chairman of the House Bank
ing and Currency Committee, was
largely responsible for the bills
present stalemated condition.
A measure offered by him at
this time is believed certain to
pass if it is sincerely supported
BY him and by House leaders.
The Washington times., 1934-04-30
Gas Station, Grocery
Held Up By Youth

Two hold-ups early today were
blamed by police on a young
white man, with dark, slick hair,
riding in a roadster" Shortly
after / o'clock, the man held up
Kyle Heiss, manager of a gaso-
line station at Second Street and
Massachusetts, Avenue Northwest,
and robbed him of $26.48. Ben
Brown, manager of grocery
store in the $500 block of PennSyl.
vania Ave. N. W., was held up
shortly after 6 a. m. and robbed
of $3.50.
The Washington times., 1934-04-30
Dead for II Days,
DOQ CLinqS to Life

ERKELEY, Cal, April 30
0NSO.-"Thirteen," the small
fox terrier resurrected from death
II days ago in a scientific research
laboratory at the University Of
California, continued to cling to its
new life" today. The animal re-
NAMED in q Semistupor but &C
cepted its daily ration Of half q
pound Of liver.
The Washington times., 1934-04-30

Strike on at Leeds

KANSAS CITY, Mo-, April 30
GN.SO.-Approximately / 500 en-
ployes Of the Chevrolet-FiSher
plant at Leeds went on strike to-
day in protest of the laying off of
a night shift due to Cleveland and
st. Louis strikes which held up
delivery Of assembly parts.