davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1934-01-01
ROPER NOTES STIMULATION IN BUSINESS

dustry during 1888 has been in
those industries producing con-
sumers' wares, while industries
producing capital goods have, in
the main, been relatively quiet.
Public works construction, which
is now getting rapidly under way,
should prove to be potent force
in the right direction, but the
stimulation of activity in the capt.
tai goods industries continues as
a major problem to which the
Government is devoting unremit-
ting thought and effort.
Debts also still constitute an
important problem. Although
the level of commodity prices was
raised substantially during the
course of the year, the movement
during the past two months has
been horizontal. The price aver
age even now is far below that
prevailing from 1921 to 1929-the
period in which large propor-
tion Of our current debts were
contracted.
More significant is the problem
of price disparities. The con-
tinuous downswing in prices from
1929 to the early part Of 1888
and the rapid upswing since then
have brought about a very con-
siderable amount Of maladjust-
ment in the price structure.
Prices of large number Of COM
modities are out of equilibrium
with prices of other commodities.
The goods and services produced
by some segments of our popula-
ton buy too many or too few Of
the goods and services produced
by other segments. Before a
more nearly complete economic
balance can be attained, there
must be some readjustnent Of
this situation.
International commercial rela-
tions, although still struggling
under the handicap Of many re-
strictions, have begun to improve,
and internal business in the lead
ing countries of the world likewise
has shown a definite upward
tendency. The outlook for Ameri-
can foreign commerce, viewed in
the light of recent figures and in
dicated trends, seems appreciably
better than it was at the begin
ming Of 1888.
The Washington times., 1934-01-01

motive services for American busi'
ness, both domestic and foreign.
It will be the policy Of the de-
partment to confine its assistance
to activities that are for the
general good of business and to
discontinue special services involv-
ing the expenditure of any con-
siderable amount of time and ef-
fort in the interest of individuals.
Commercial attaches abroad will
also report in general through
proper channels as to goods re-
quired in this country which are
available abroad, thus furnishing
valuable information to our i'm
porters as we'll as exporters.
Difficult Problems Remain
Although great strides have
been made in economic improve
ments, there still remain many
difficult problems to solve. The
lot of the worker has been vastly
improved. Child labor has been
abolished. Hours of labor have
been materially reduced, while
rates of pay were substantially
raised. This has brought about
an enlarged purchasing power
and forms a basis for a steady
and certain economic recovery.
The position of the farmer is
considerably better than at the
close of 1882. Higher prices, along
with domestic allotments, acreage
leasing, and cotton options brought
about a marked gain in the cash
income of the farmer.
Our financial structure has
been decidedly strengthened. The
position of banks has steadily
improved. The progress made in
releasing depositors' funds since
the banking crisis has been an
important factor in the stimulus
given to trade activity in many
localities. Banks in many cases
were provided with additional
capital through their sale of pre-.
ferred stock, or of capital notes,
to the Reconstruction Finance
Corporation.
Stimulation Proposed
Operations in the capital goods
industries must be stimulated to
greater improvements. Most of
the increased activity in basic in.
The Washington times., 1934-01-01
Continued from Page 2O)

Continued from Page 2O)
provided by the Civil Works Ad-
ministration. These construction
activities are already under way
and will continue into 1884, help
ing to maintain employment and
bring about a much needed devel-
opment in the airport facilities of
our country.
The Census Bureau of the de-
partment is conducting a census
of business and a special study
on taxation. A real property in
ventory is also being conducted
by the Bureau Of Foreign and
Domestic Commerce with the
supervision and cooperation Of the
Census Bureau. These new and
special studies will not only pro
vide much needed data which
have been unavailable heretofore.
but they create employment for
several thousands Of white.collar
workers throughout the country.
Fleet Activities Studied
Since the Executive order pro.
viding for the transfer Of the
functions Of the Shipping Board
to the Department Of Commerce
became effective, we have been
making studies of the work of the
board and Of the Merchant Fleet
Corporation in order to become
thoroughly familiar with the op,
erations before making material
changes in the policies or per-
sonnel. A departmental commit.
tee, subcommittee of the Busi.
ness Advisory and Planning Coun-
Gil, and the Special Senate Com
mittee, under Senator Black, have
been making Investigations and
studies which will form the basis
for the reorganization Of the Ship.
ping Board in 1884. It is our
purpose to place Shipping Board
and Merchant Fleet Corporation
activities on a sound and bust
ness-like basis and to foster
greater development in the Ameri,
can Merchant Marine and Ship
ping activities.
In all Of it's branches, and par.
ticularly in the Bureau of For.
eign and Domestic Commerce, the
department will continue its pro
The Washington times., 1934-01-01

fices due to the change of admin
istration. The psychological ef'
feet, particularly of reduction in
salary, extended far beyond the
actual monetary amount involved,
and affected not only the business
and professional activities Of
Washington, but also its welfare
and charitable organizations.
Pay Restoration Seen
There seems every likelihood of
restoration, either partial or
complete, of this reduction, the
result of which will be far-reach'
ing in it's beneficial effect upon
the community. Unquestionably
when the Government itself is
calling upon business men and
private citizens to maintain the
wage scale, to increase the roster
of their employees, to. be willing to
face higher prices with the posi-
bility of deprecated monetary
values, the Government itself
should be the first to recognize
the difficulties involved and to set
the example of "practicing what
they preach" by making a COM
plete restoration to its own en-
ployes.
There are many things which
the board hopes to accomplish
for the citizens Of the community
during the coming year. Out
standing is the improvement OF
our public school system, the be
ginning, through the Public Works
Administration, of the great mu,
nicipal center which the Federal
Government itself has insisted be
designed on a scale of magnlfl'
cence comparable to the last Fed
eral building program, which the
board will also urge without de-
lay.
The board will continue to point
out that in the Federal building
program of the National Capital
the entire country will be bene
fitted for it is outside construction
concerns, outside material dealers
outside architects, and, in the
main, outside labor that is from
all States, which will benefit from
this enterprise, as indicated in
the past during the erection Of
present buildings.
AS there is every hope that the
Nation is gaining a foothold on
the climb toward better times,
there is every prospect that the
Federal City will do the same.
The Washington times., 1934-01-01
Investment Trusts
Slightly Improved

In the final week of the year
investment trust shares rose slight
ly in sympathy with the general
market. The average for the COM
mon stocks of five leading man.
agement trusts influenced by the
leverage factor. as compiled by
Allied-Distributors, Inc, stood at
I'LL as of December 20 compared
with 11.44 on December %. The
low for the year was 1922 and the
high 24.12.
The rise from the low to the
high, representing an apprecia-
tion Of approximately 1875 per
cent, compared with appreciation
in the general stock market fig
ured on a similar basis ranging
around 100 per cent.
During the closing week Of 1888
the average of non-leverage stocks
rose slightly to 1886 compared
with 1878 on December %. The
average of the mutual funds stood
at 1866 on December 20 compared
with 1857.
The Washington times., 1934-01-01
Municipal Financing
In First Week Light

New state and municipal
financing scheduled for the first
week Of the new year totals only
$2,s47, ,002, as compared with the
revised figure of $14,O72, ,461
during the past week, according
to the Daily Bond Buyer. The
weekly average of new State and
municipal offerings during 1888
was SIS, ,166, 1859, as compared with
$1S,615, $50 in 1882, $31, ,729,034 in
1881 and $3O,036, ,316 in 1880.
The only large piece Of
financing scheduled for next week
is an offering of 100000 road and
highway bonds and 100000
home relief bonds by Onondago
county, N. Y, on Thursday.
The Washington times., 1934-01-01
ACACIA REPORT
SHOWS GAINS
IN BUSINESS
Heightened Morale Is Found
BY President Montgomery
Throughout Nation

Rejecting the nationwide eco
nomic upswing, preliminary fig.
ureS from the sixty-fifth annual
report of the Acacia Mutual Life
Insurance Company, as announced
by President William Montgom-
cry, reveal that the company
made substantial progress during
1888. Mr.. Montgomery said:
"Our report, showing impOr.
tant gains, bears out the feel.
ing of confidence and stabil.
ity which was so fOrcibIy inn.
pressed upon me during several
transcOntinental business trips
in 1888. On every hand /
found q new feeling of height
ened morale, aggressive enter
prise and sensible optimism.
ASSETS INCREASED
"That this feeling is being
translated into action is amply
proved by the preliminary fig
ureS in Acacia's sixty-fifth an.
nual report. Especially note
worthy is the fact that four
years ago, Acacia's assets were
$33,S65.58O. This year they are
more than S52,OOO,OOO, or SO
per cent greater"
AS pointed out by President
Montgomery, during 1888 new
paid for insurance totaled more
than $40,000,O00; insurance in
force stands at more than $347,.
100000; more than $2,100,000 was
paid in death benefits; more than
$1,100.000 was paid to policy
holders in dividends; more than
$3,100,00O was paid to living
policyholderS; and assets increased
more than $3,000,000 during the
IL months.
Employs 400 Persons
The Acacia Mutual Life Insur-
ance Company-of which William
Montgomery has been the direct.
ing head for more than four dec
ades-employs more than 400 per.
sons at its home office building
here at First Street and Indiana
Avenue Northwest. The annual
payroll in the District Of Columbia
alone is more than $750,000. and
the company has a total invest
ment in mortgages in Washington
and vicinity of more than $780,
900. It's total purchases, including
supplies, services and the like, run
to more than 100000 annually in
this city.
The Washington times., 1934-01-01
Bank .Clearings
Larger Than
Last Year

Although declining sharply
from the preceding week, bank
clearings throughout the country
in the week ended on Wednesday
showed moderate gain over the
reduced amount of year ago, &C
cording to Dun & Bradstreet,
Inc.
Clearings at 81 leading cities
totaled $3,526, 1857, 900, against $3,-
438,017, 900 last year, an increase
of 2.6 per cent.
New York City clearings
amounted to $2,SS3,923, 900,
against $2,332,345,0 900 last year, a
gain of % per cent, while for
the 20 leading outside centers
clearings aggregated $1,142,934.'
600, against $1,1O5, $4,000. a gain
of 3.4 per cent. !.
Total clearings for the last
week were $1,1O6,543,0 900 below
those of the preceding week.
which included six business days.
A year ago the corresponding de'
cline amounted to $1,24S,2 ,223 .OOO'
The Washington times., 1934-01-01
HOME BUILDING
On INCREASE

Residential building is improV'
ing considerably, judging from
figures on contracts for the first
half of December compiled by
F. w. Dodge Corp.
Awards for the construction OF
dwelling facilities totaling $l3''
629 200 in the 81 Eastern States
for the period December !
through December Is exceeded
by 5 per cent the residential con
tract total in the same area for
the entire month Of December
1882.
The improvement over Decem
ber of last year was practically
universal throughout the terri
tory east Of the Rockies. excep
tions occurring only in upstate
New York, the Southeast and the
st. Louis area.
The most significant increase
was recorded in the Metropolitan
area of New York, the kansas
CITY district and in Texas.
The Washington times., 1934-01-01
PINEAPPLE PROSPECTS

Hawaiian Pineapple Producers
Cooperative Association reports
t'oat of 100000 case limit for
1933-34 season pack, 7,632,134
cases have been packed and
there is no certs inty that re-
naming scattered operations will
produce 367,366 cases additional.
Sales up to November 30
amounted to 72 per cent of the
{, Ailable supply and about 70
per cent of maximum supply.
The Washington times., 1934-01-01
Auto Company Head
Expects Good Sales

LANSING, Mich, Jan. Id.
E. Ralton, vice president and
general sales manager of Olds-
mobile, today issued the follow
ing forecast for the New Year:
1--WE consider that present
indications are that 1884 is
going 70 be a good year for
automobile sales. In this cOun-
try the automobile industry is
basic and it will recover quick
Iy, now that the trend Is def
initely upward In general busi-
nesss
The Washington times., 1934-01-01
January Natures
SIO1.385,I38 in Bonds

Total bond maturities for Jan.
uary amount to $l01.395, 1873, OF
which $46,612,973 are railroads
$1s,579, 800 are industrials and
$36, ,202 1865 are pulic utilities.
This compares with total OF
$3S, ,934,753 for December Of this
wear and Sl94, ,o38, ,4OS for January
1898, according to compilation by
Poor's Publishing Company.
The Washington times., 1934-01-01
DC. SLUMP LEAST, SAYS
OWEN, TRADE BOARD HEAD
BY CLAUDE w. OWEN
President, Washington Board of Trade

Despite the many problems that have faced the community
during the past IL months Washington has many things
for which thankful While social and economic tragedies
have bese both institutions and individuals here should
be remembered this community not singled OUT but
suffered companionsh with other town. hamlet and
city throughout the nation.
indeed in comparison with unfortunate incidents that
crossed paths of other cities the past IL months Wash
The Washington times., 1934-01-01
Better Business
Certain, Says
LittLepqge
BY THOMAS p. LITTLEPAGE
General" in Charge of the NRA fOE
the District of Columbia.
Written Especially for The
Washington Times.

washington AHHeSs
The year 1884 W un'
doubtedly bring improved busi-
ness conditions to the country.
There are many reasons for
this, among which are:
First, the fact that the Presi-
dents recovery program has
been of substantial benefit to
the people.
In, addition to this the in
duStrial and financial men Of
the country. as well as the pub
lie as a whole, finally realized
that the working out of this
terrible depression required CO.
operation with all Federal
agencies, and also required an
other quality Of prime i'm
portance, and that is patience.
I have said repeatedly that I
believe that sometime between
February / and June / will see
the country as a whole getting
on a basis of permanent re-
covery, and require less and
less the Federal aid which has
been, and is now, absolutely
necessary,
The Washington times., 1934-01-01
BEATRICE CREAMERY

Beatrice Creamery Company
and subsidiaries report for three
months ended November 80, 1892
net loss Of $262.004 before SUB.
sidiary preferred dividends and
after taxes, depreciation, interest
and inventory loss reserve OF
SOTO. 600.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-08-20

ers Of the defunct A. F. Of L. furriers union" on
the militant Fur Workers Industrial Union, quoting
from the socialist atrocity stories about mythical
Communist gangster methods" in the n Y. fur
market This, despite the fact that as long ago as
June, 1884 Norman Thomas-no friend Of the Com
munists-was compelled to denounce the A. F. OF
L. furriers' leaders and to admit that the Fur
Workers Industrial Union really had the support
Of the workers in the trade.
In short Green's declaration blast is an attempt
To head of and terrorze the growing insurgence
among the great mass OF A. F. of L. members who
today are breaking through the collaboration
carriers of Green, Vol, etc It's aim is to make it
easier for the employers to carry through their
wage-slashing, company union and hunger program.
1t is designed to speed the fascist developments
against the American labor movement.
But this must not terrorize the growing rank
and file opposition within the A. F. of L. On the
contrary, it should act as a spur to the workers
to fight those who so clearly are showing them
selves to be he labor leutenants of the capitalist
class"
FOR the Communists and militants in the A. F.
OF L. 1t is now necessary to radouble their
efforts to unite the A. F. of L. workers in struggle
against the employers offensive, which is aided
and abetted by Green & Company.
It is absolutely essential that the rank and file
of the A. F. of L. unloose storm of protest against
this dastardly statement of Green's volley of
resolutions should lombard the Executive Councils.
In the discussion these resolutions there should
be the widest exposure of Green and his policies
Green and the rest of the A. F. of L. leaders
are against the Workers Unemployment Insurance
Bill. Action to unite the A. F. of L. members
should be intensified Communists and miltants at
state conventions of the A, F. of L. must see that
the endorsement of the Workers Bill is pushed
Workers in A. F. of L. unions everywhere should
organize for the October convention of the A. F.
of L. The struggle for unemployment insurance,
against racketeering and gangsterism in the unions
against the sel-out policies of Green against the
MIRA mediation boards, must be brought up on
the floor at San Francisco.
The struggle for militant unionism will 60 on
despite Green and his diatribes. In the course of
the struggle against Green and his stripe American
labor will go forward.
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-08-20
Capitalist Papers Chide
Socialists Over
Their ''Mistake''
By PAUL GREEN

The overwhelming vote for Social
ist-CommuniSt United Action (3,471
for and 366 against) as expressed
by the National Council Of the S. P.
of France, threw the bourgeois press
into fit of anger, confusion, and
nervousness. Dailies and weaklies
from the extreme Right to the radi-
cal-socialist press devote columns to
the United Front"
The semi-official organ lie Tempe.
says: "The hour is approaching
when there will be in France but
two opposed political conceptions:
the national and democratic con-
ception, the international and die
tatorisl conception. What is at
stake in this conflict is nothing less
than the nation and liberty. We will
have to decide definitely and for
ever, between the idealism of the
French Revolution and Revolution
pure and simple. Marxism on one
side, Anti-Marxism on the other:
1t is no longer a question OF a
dilemma involving a theoretical or
theological opposition, but a real
opposition which corresponds to the
artagonism of irreconciliable con-
ceptions partly organized and ready
for action. How can one doubt the
choice the country will maker"
LIE Temps, supporter of Doumergue,
mouthpiece of the banks and heavy
industry (Comite DIES ForgeS)-
Temps, which Marx once character
lied as "the ruling class turned into
a newspaper" becomes the champ
ion of French democracy and ac-
cuses the united front of being the
"dictatorial conception! The
French workers must be holding
their sides with laughter at the UNI
blushing cyniciSm of this defender
of the democratic faith! The gentle
men of lie Temps have evidently
forgotten how approvingly they
nodded when the Mobile Garde and
the Paris police shot into the ranks
of workers demonstrations. "Liberte,
Egalite, Fraternite" were shattered
to bits in the February days; but
the editors of LIE Temps are a bit
short on memory. Who exercised
the dictatorial concept then, mon
sieurs?
Yes, scribblers of LIE Temps, the
nation is at stake-the nation whose
resources, whose wealth has been in
the pockets Of the gamblers of the
Bourse and the industrialists of
steel and coal. You wish to strength
en- your weakened control over the
nation by the manacles and gag of
fascism, The workers, resisting fss-
cism, will yet go forward to take The
country from you. In this, you are
absolutely correct.
The organ of the big industrial
The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-08-20
E ditors Urge Stronger
Fascist Front Before
Workers Unity
By Burck

sieur FroSSard as follows:
"The fears Of Frossard are more
than justified But will M.
Blum 1.-THE editor Of LIE Populaire,
central socialist organ.-P. GIL be
followed in this dangerous path?
viii the warning of Frossard stop
him from this undertaking, which
undertaking will cause a rupture
in the democratic forces?"
But it is not the rupture of the
democratic forces" that La Con-
corde fears as much as the political
separation of the French proletariat
from its own capitalist class. That is
why the membership of the S. P. of
France, speaking through their 3,471
delegates, decided that the class
bloc of the proletariat in the strug-
gle against fascism and war was
more important than association
with the radical-socialists Daladier,
Chautemps and Co., involved in the
Stavisky scandal and supporters of
the fascist gangs in cantonal cleo
lions.
Most of the other newspapers
speak in the same vein; some go
even further by saying that the
united front will encourage more
and more fascist actions on the part
of the opposition to the united
front" Others openly advocate a
National United Front of Patriotic
! forces, mentioning the royalist
group, the Croix de Ecu, the Jeunes-
ses Patriotes and all other fascist
organizations.
From the above, it seems evident
that. Cd big capital, fascism, the
bankers. the clergy and all other
enemies of the working class are
fearing for their lives. They see in
the united front of the Conmu-
nists and Socialists the prospect of
being driven out from power by the
mighty forces of united prole-
tariat. (2) They are trying to instill
fear in the Socialist Party leader
ship in order to make them retreat
from this step. This we think they
will not do; for the rank and file
Of the Socialist Party is behind the
united front. 1t was the rank and
file of the Socialist Party who
caused the National Council of the
Socialist Party to act favorably. 90
The bourgeois press is melting the
fascist forces to attack.
To this we may answer with the
words of Comrade Renaud Jean
who said in the French parliament
to Tardieu, the arch-enemy of the
working class: You will find be-
fore you several million workers
and peasants determined to defend
themselves with all their might,
warn you.' Forward, comrades of
Francel The eyes of the American
proletariat are upon you.