davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-08-17
Am. Agricultural
Nets $4.19 Share

American Agricultural Chemical
Company of Delaware and subsi-
diary companies report for the fis.
cal year ended June 80 last a net
profit of $977,119 after charges,
provision for losses on time sales
on shipments and reserve for self
insurance.
Net was equal to $4.19 a share
on the capital stock. This com,
pares with net loss of $685. 27
in the preceding year.
Current assets on June sc
last, including $4,461,251 cash,
amounted to $12,193,739 and cur.
rent liabilities were $581,012, com
pairing with cash of $5,2O1,95
current assets of $13,765, AGO and
current liabilities of $478,919 at
the end of the preceding fiscal
year.
The Washington times., 1934-08-17
NEW REFINERY
UNIT C0NPACT

One of the outstanding achieve
ments of the Recovery Era" is
the newly completed refinery of
the American Oil Company at
Texas City, Tex. Two thousand
six hundred men were employed
for a period of nine months.
Heretofore refining units have
been spread over large areas, with
resultant loss of efficiency. The
new American Oil Company unit
is assembled with amazing COM
pactness and efficiency.
An idea of the refinery's size
may be gathered from the fact
that despite compactness, it still
covers $50 acres of ground.
The following statistics give
graphic examples of the man.
moth size of this new unit.
In a single operating day, it
will produce enough gasoline to
run an average automobile 9,000.-
900 miles or about $50 times
around the earth at the Equator.
Six eight-room houses could be
set inside a single one of its fur
naceS.
Forty and three-quarter miles
of pipe were used in just two
furnaces.
This unit will turn out enough
heavy bunker oil in a day to pro-
duce, if used in making electric
power, current sufficient to pro-
vide the home lighting require
plements of a city of 100000
people.
This refining unit, rated as the
worlds newest, biggest and most
modern, has created a number of
revolutionary features in the pc.
troleum industry. Among them,
new action Orange American
Gasoline" In addition. large
quantities of kerosene, furnace oil
and gas are made.
The Washington times., 1934-08-17
Collections Din
In Big Stores

Although the percentage of
collections of open and install
ment charge accounts by de-
partment stores of the country
has been better the first six
months of this year than in
the first half of 1888, decline
was noted from May to June,
the Department of Commerce
announced.
According to reports from 400
department stores, the percent
age of collection on open &C
counts in june averaged 4S.S
against 43.6 per cent in May.
Reports frOn ESQ stores on in
stallment accounts show that
collections averaged Is per cent
IN June against 1712 per cent
during, May.
The Washington times., 1934-08-17
Tung-SOl Earnings
Up in Half-Y Year

Tung-Sol Lamp Works, Inc, for
the first half of 1884 reports a net
income of $162,872 after charges
and Federal taxes, equal to 1884 a
share on the SO preference stock.
This compares with $18,740, or 40
cents a share on like number Of
preference shares in the first half
of 1888. There is an accumula'
ton of unpaid dividends on the
preference stock.
The Washington times., 1934-08-17
HOGS CONTINUE
UPWARD MOVE

CHICAGO, Aug. II GN.S0.
Hogs advanced another IS to zoe
here today with top at $3.50 and
some grades held up to $6.75.
Receipts were 5000 and included
1000 for the big packers, leaving
only a small amount for sale on
the open market.
Cattle sold slowly but steady.
Receipts were moderate and de-
mand only fair.
Business was slow in the sheep
department with buyers bidding
Csc lower for lambs.
The Washington times., 1934-08-17
Franc Mounts
On Dollar

NEW YORK, Aug. II Q.N.SO.
The dollar turned downward to-
day surrendering all of yester-
days gain in terms of the
French franc. At the same time
the price of gold in the London
open market rebOunded to l38
shiIlings 81 pence from 1873
shillings ~ pence yesterday.
Converted into dollars this was
equivalent to $35.18 an ounce
against $3.50 yesterday. The
table:
The Washington times., 1934-08-17
KELLOGG DIVIDEND

Spencer Kellogg & Son has de-
clared a dividend of 40 cents on
the common stock, payable Sep
TENDER IS. Three months ago
dividend was increased to 80 cents
from Is cents.
The Washington times., 1934-08-17
TEXTILE DECLARES

Metal Textile Corporation has
declared the regular quarterly
dividend of 81A cents on the
participating preference stock. pay
able September to stock of record
August 20.
The Washington times., 1934-08-17

l S S u e S held
within a mar
row r a n G Q
around yester-
d a v S closing
levels. Trading
W a S extremely
dull.
T h e lis t
showed Ii t t l e
disposition to
move in either
direction there.
by breaking out
of the recent
trading range
as traders held
The Washington times., 1934-08-17
TRADING SMALL
ON L|STLESS
MARKET
By LESLIE GOULD

NEW YORK, Aug. II G.N.SO.
The stock market was a listlesS
affair today, as the main body Of
The Washington times., 1934-08-17

writer for
The Wash
i n . t o n
Times, will
be away
until Sep.
t e m b e r.
His daily
c Olu m n
will be re-
Sumed in
this space
at t h a t
t / m e.
Watch for
his articles
on the de-
velOpment
Of the gene
afior
The Washington times., 1934-08-17
Haney Away Till
September

Lewis Haney, professor Of
economics of New York Uni
versity and daily financial
The Washington times., 1934-08-17
WASHINGTON STOCKS

SALES
Washington Gas SIS, 1860, $500
@1O9A.
Capital Tranction Company, 1
@23.
Potomac Electric IS, pfd., 40
11134.
AFTER CALL
Capital Tranction, SIS $5O0@86.
Potomac Electric 512s pfd.,
@112; 5@112.
The Washington times., 1934-08-17

Montreal funds in New York, E26.|S
premium at $1,000.
The Washington times., 1934-08-17
Volume Yesterday,
$4,000 Shares

--1924--
High Low
The Washington times., 1934-08-17

(a) Optional stock (b) Parity (cJ Extra
stock and cash. (d) Extra in stock Paid 1893.
10 On account Of accumuations (g) No regular
latest payment. CHI Payable in stock. Special.
tn) Paid this year lww) With warrants txw) without
Dividend rate in dollars parenthesea CNote) Extrp
dividends published through regular dividend period.
The Washington times., 1934-08-17

velOpment Levi" Haney
Of the general economic Stu
alton.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04

spend the receipts from the net in
come tax and sponsors of the bill in
the 1888 session Of the Legislature
thought the money would be most
judiciously spent by the school boards
and therefore provided for that I'm the
law. Another reason sr" affecting
the money to the public schools Is
that the school di%:.ic. requires mere
money than any other subdivision of
government.
Minnesota should have had the net
income tax years ago and would have
had II had there been more members
of the Farmer-Labor and progressive
type In the Legislature. But better
late than never. Reactionaries were
telling us right along that It was nee
essary to amend the constitution in
order to have statutory income tax
law. That was one of the games Of
delay. Sponsors Of the bill In the
1898 session felt II was time to cast
aside red tape, take the bull by the
horns" and do something for the gen.
eral public welfare. and 1t was done.
Furthermore. the grave" doubt about
the constitutionality Of the law was
obliterated when the State Supreme
Court upheld 1t.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04

tanning fee attorney members of the
Legislature-more interested i'm their
big corporation clients than their con-
stituents and the general public wei
fare-have delayed long enough need
ed progressive legislation by saying
that this that aud the other bin wc.!t.
he declared unconstitutional If enact
ed into law. Timid members of the
Legislature have listened too much to
them and the result has been delay
and delay of needed legislation.
II the voters, the constituents of
certain retaining fee attorneys who
are members of the Legislature. knew
that their representatives and sena-
tors were much more concerned about
big corporations they represent than
the voters and taxpayers they are
supposed tn represent. chances are
they would not re-elect them to serve
in the lawmaking body. Some OF
the ablest members Of every session.
splendid speakers, thinkers, shrewd.
and tactful. are those who represent
big corporations rather than the mas
ses--their constituents. And that
type of Legislators Is not confined to
attorneys alone. There are others.
However. some Of them have not filed
for reelection this year. 1t does not
look rs good to them rs formerly.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04
THE GREAT NATIONAL GAME

The annual baseball season has
been completed and the tournaments
in the amateur leagues throughout
the country have been completed and
the Junior world series between To-
rontO, Canada, of the international
League. and Columbus of the Amer
lean Association is well on it's way to
be decided. The World series be-
tween the Detroit American League
team and the st. Louis Cardinals of
the National League is now being
during the past season and new ones
have been identified during the play
off contests. Baseball is great sport.
No other sport in the history of the
country, possibly, can lift such
number of people from their daily
cares and send them back in such
happy mood after a period of recrea-
ton as that of listening to or seeing
well played baseball game. And
no other game or sport can make such
dramatic gestures as the great ma
tional game. Evidence for this asser-
tion is seen in the dramatic finish of
the National League race when the
st. Louis team nosed out the world
champion New York Giants of last
year in a whirlwind finish. This at
tests to the old saying, Never say
die until you are dead, and then you
can't say it," The New York team
was six and a half games ahead with
RI hn nj
looked to be sure winners, but the st.
Louis team evidently did not know the
meaning of the word "die," so went
right on to win their remaining games
of the schedule to nose out the Giants
who were losing good share of
theirs.
All this, brings back to mind the
purpose of this little comment, which
is the Sturgeon Lake team of the Pine
County Baseball League. The boys
of our own league from the viii
lage to the north of us, deserve a
great deal of credit for their play in
the state tournament as representa-
tives of the League. The Sturgeon
Lake boys have been in the state tour
nament several times and each time
they have given good accounting
of themselves. This time they won
two games and were defeated in the
third game by a team from town
many times the size and at that the
game went into an overtime period.
The Sturgeon Lake team being the
champion in it's league and surviving
until the .semi-final contest of the
state tournament gives it rating on
paper at least of being one of the six
best teams of about 400 competing in
its class of baseball in the state.
This is a good achievement and the
Sturgeon Lake boys can be congratu-
lated for their success on the diamond
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04
ROUND THEM UP

Some politicians would make bet
ter circus clowns than lawmakers.
Not wishing the circus troups any bad
luck. it would nevertheless be nice
thing If Ringing Brothers or some Of
the big show men would come along
and gather up the blatherskiting poll
ticians-those who have little regard
for the truth, loud shouters, publicity
hounds Retrospective of party label,
and put them all in one tent.
Politicians who act like circus
clowns may be funny for the children
to watch or those who wish to be en-
tertained, but as a rule they enter
tain only. They may gather up
enough votes to be elected but it does
no good for they try to continue their
entertaining in the legislative halls
and only make themselves ridiculous.
Getting down to brass tacks and doing
something is not in their line of en-
deavOr. Laugh and the world laughs
with you," seems to be their motto.
All political parties have some Of
those birds" They are called dema-
gOgues, oppOrtuniSts, and band wagon
climbers. A new political party ris-
ing to power must be on guard against
''circus" politicians for party label
means little to them. Getting ON the
band wagon is the big thing.
Let us have doors and not shouters,
thinkers and not dreamers and build
ers of air castles.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04
WHAT is LIBERTY?

We hear much of the word lib
erty" nowadays when people are
worked up considerably over the de-
preston and instability of the times.
Prominent citizens are writing of lib
erty and others are speaking of lib
erty. Indeed some are organizing for
liberty. Everywhere liberty is on the
lips of the people and there are those
who profess fears lest they shall be
deprived of what they conceive to be
liberty.
Liberty is the most precious posses
sion of the people. Millions have died
for liberty. the blood of patriots of
all ages has been spilled for it over
innumerable battlefields. For it is
our most cherished ideal-the goal
of all progress, the hope of all attain
ment.
Today there are some who wave a
flag of liberty, however, who would
needlessly brighten the people. They
speak of the constitution and its
guarantees of liberty. They tell of
the men who died that men might be
made free. And it is we'll that we
are becoming more liberty-conscious.
But some who would have us think
in terms of freedom and liberty, give
indication of being either ignorant
or forgetful of the true meaning Of
liberty.
True liberty is nothing that can be
ferreted out of musty tones, hOnOred
statutes or revered documents; not
at all. That which we find in the
constitution is but guarantee that
liberty is possible under our form of
government. 1t is no assurance that
liberty does exist. For liberty exists
and exists alone-not in the written
word or pledge, but in mans relation
with his fellowman. And it is writ
ten in the hearts of men-in terms
of human welfare and human justice.
There is no liberty save when that
pledged by printed word is translated
into action serving the purposes of
humanity.
Liberty comes when governmental
opportunities. social privileges and
eCohoiiS ooSuiiy arc pio'ioOu III
the many quite as abundantly as they
are for the few. And when the few,
who enjoy special advantages under
the old order, talk of liberty and ex-
press fears of change, it is we'll
to take stock of the situation. 1t is
just possible that a better program
of human rights is the object of their
scorn.
Liberty is the birthright of all. It's
blessings are not merely, for the few.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04
HOLIDAY PASSES RESOLUTIONS
Editor Askov Americans:

Editor Askov Americans:
We had very fine mass meeting Mt
the Legion hall in Hinckley Friday,
September 2S. with about $50 present,
and many of today's vital problems
were discussed and resolutions passed
on to be presented to our state con-
vention to be held at Granite Falls
October . and 10. ] might mention
one resolution demanding that the gas
tax he divided to townships direct
without meeting the county with a GER
tain percentage; one endorsing the
Farmers Emergency Relief bill, intro
duced in United States last session of
congress.
Also a resolution of protest was
passed, against any newspaper that
does not print our notices and articles
the same as submitted by the officers
of the Holiday Association.
Any member who wants information
regarding his crop mortgage, or any
other mortgage due, should call or
write the secretary as | was instruct
ed to obtain further information from
the Rural Credit Department.
The following delegates were APP
pointed to attend state convention: N.
p. Nedegaard. Askov; H. Sandell, Os-
car LindrOth, Ernest Dahl, Hinckley;
j. p. MadSen and Carl Madsen, Askov;
r. Downing and A. Walberg, Royalton;
Ole Herud, and liver Madison, Pine
town; Zimmerman and Peterson,
Chengwatana; A. Upgren and ]. Pred
ersawich, Sturgeon Lake; E. Frank
lin and o. II. Drake, PCkegama. The
rest of the township units should elect
delegates to send. Let's CO. Each
unit should raise money to take care
of expense of their delegates.
l wish all township secretaries
would send a complete membership
report including remittance of men,
bers on hand so that l may send in
to the state office and get cards before
convention.
Our next regular meeting will be
held in the Legion hall, Hinckley, Oc-
tOber II, at p. m. We are trying
to get Wisconsin State Holiday Presi-
dent to speak at this meeting and of
course we serve lunch. Come and
bring one new along.
H. SANDELL.
Hinckley, MINI.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04

mite concession of their demands for
25 per cent reduction in hours Ito
30 week. and 33 per cent increase
i'm minimum wage rates, but they did
obtain a guarantee that these ques-
tions would be determined on a fac
tual basis, and they did secure what
press reports describe as a practical
recognition" Of their union organiza-
tons.
Had the textile strike resulted in
a dismal failure. the cause Of labor
throughout the nation would immedi-
ately have been the target Of cam
paign of attack by hostile employer.
The rights Of labor which are sup
posedly protected and insured under
the national recovery administration
codes would have been openly flouted.
With the spectre Of one defeat before
them. union labor organizations would
have felt themselves compelled to eat
humble pie.
However distant from their first de-
mands the final agreement on the Is
sues OF the textile controversy may
be. the strikers at least know that
their organizations are intact. The
employers who were intent upon
smashing the unions" have had To
retract and I'm one OF the most sweated
OF all industries the principle of col
lective bargaining has obtained a firm
foothold,-in the Southern mills where
subsistence wages, long hours, and the
"stretchout" system were universal.
to the more humanitarian, better or
gained Northern mills.
No intelligent American with the
welfare Of his country at heart will
rejoice when one of our major indus
tries is gripped with industrial war
fare and labor troubles, nor will he
fail to be glad when such troubles are
concluded. But the average citizen
with sympathy for the man in the
street will learn with satisfaction
that the American labor movement is
not afraid to defend it's rights and is
not willing to be crushed in any of it's
departments by the mass attack of
the captains of industry.
The textile strike contains many
interesting and valuable lessons for
labor, employers, and public officials
who were lead to use state troops in
strike-breaking activities. All may
well be pleased that peace has been
reached, although the cost has not
been small.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04
SELF.APPOINTED LEADERS
(Mille Laos County Times)

Among many schemes used for fool
ing the people is the old one of a
dozen or less people meeting together
and pretending to speak for thousands.
The Itasca County Independent of
Grand Rapids, has noticed this ten
dency, especially among a few Re
publican editors who pretend to do all
of the talking for their party. In an
editorial headed who Are the Re-
publican Editors the Independent
publishes the following comment:
"a meeting is purpOrted to have
been held last Friday at st. Paul of
the Republican editors of Minnesota.
This meeting decided to go down the
line for Nelson Martin A. Nelson,
the Republican nominee for COVER
nor).
Just for the sake of information,
there are many people who would like
to know who the Republican editors
of Minnesota are. Also how many
Republican editors knew about this
meeting.
'Once in a while there are folks
who pretend that they are represent
ing a community or a county, when
as a matter of fact they represent
their own selfish interests. The Re
publican editors remind us of those
people"
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-10-04
NO FRONTIER NOW

Editor Askov American:
1t seems to be the general opinion
of the political parties that can be
termed conservative that American
liberty such as we have known it
rugged individualism is endangered
by the New Deal. The claim is made
that this idea of free play made
America great and that it would be
fatal to go into RECOMMENDATION.
However, l believe that the critics
of the Farmer-Labor platform, and
the New Deal fail to distinguish be-
tween a frontier country and one that
has been developed to a state where
each unit must sustain. itself in order
that the maximum of industrial eff
ficiency can be obtained.
For over two centuries people have
moved westward whenever their
local community became crowded. In
opening up new country, a govern
ment was most efficient that did not
interfere, that gave wide liberties and
plenty of room for free play. 1t was
hog root or die, but we have now
reached a new condition. There is
no frontier to move to. Each Sec
ton of the country must receive their
share of the nations wealth. Great
accumulation of capital is not neces-
sary as much as buying power of the
masses. Without buying power in
dustry of course will die a5 people
have no money to buy the things that
the farmers, factories and industry
produce.
History shows that when a country
has been developed to the degree that
the United States has that a differ
ent economic system becomes neces-
sary. This of course also means a
change in the policies of the govern
ment. Economic development can
best be carried on by RECOMMENDATION,
discipline is necessary so that all
those who for any reason will not do
their part are compelled to do so by
government. 1t means the end of
gang rule-political corruption and
industrial injustice.
l doubt that anyone believes that
we should all receive the same re-
Ability, initiative and
application must be rewarded. But
although this is conceded this prin-
ciple can be carried to the extreme
which it has been to an unecOnOmic
degree. For instance a president of
a railway drawing one hundred thou
sand a year can do so only at the
expense of the stockholders and labor
in general. A man drawing this
amount draws more than one hundred
lower paid employees and disturbs the
buying power of the masses. This
can be applied to the capitalists in
general, they have the buying power