davidaulloa/AmericanStories huggingface dataset:
Smyrna times., 1935-01-17
SEEKS OUTLET
FOR POTATOES
Bureau of Markets, W.T.. Der
icksOn, Director, Tells of
Southern Market
FARMERS ARE INFORMED

The Bureau of Markets, of the
State Board of Agriculture, has re-
ceived many inquiries from Della
ware growers and shippers regard
ang a profitable outlet for white
potatoes. In accordance Herewith
the Bureau of Markets has for
some time been in communication
with various sections of the United
States endeavoring 10 find a mar
ket. The total production of pota-
toes for the United States in 1894
was quite large and considerably
more than last year. Maine had
one OF the largest crops in its his
tory and Large crops were produc-
ed IN Michigan, Wisconsin and
Minnesota. According to the estd-
mate of the u. s. Bureau OF Aeri-
cultural Economics, tie production
OF white potatoes in Delaware In
1884 was 10000 bushels as COM
pared with 444. 900 bushels In 1898.
Smyrna times., 1935-01-17
WHEAT CHECKS
FOR FARMERS
Russell E. Wilson, County
Agent, Issues Number From
Hervey p. Halls Office
2ND BENEFIT PAYMENT

Checks representing the second
benefit payments OH the 1888
wheat allotment contracts and the
first insallmens for he 1884 COM
pliances are being distributed to
contract signers as rapidly as
these checks are being received
from the Rental and Benefit Audit
Section of the Agricultural Adjust
ment Administration, according to
a statement which has been issued
10y Kent County Agent Russell E.
Wilson, who is also secretary of the
Kent and Sussex County Wheat
Production Control Association.
After the field inspection was COM
pleted last summer a number of
compliance certificates had to be
corrected before final acceptance
by the Wheat Section in Washing
ton, and these corrections have de-
aayed the issuing of the benefit
payment checks. Although most
of these errors were of minor i'm
portance, they required attention
by the local wheat association in
order that the compliance certifi-
Gates could be returned to the Fed
eral government for approval
Most of the corrections which had
to be made included the secuing of
original signatures of producers
and landlords, information relative
to the use of commercial fertilizer
for the 1884 crop, and certificates
showing the transfer of either the
Landlord or tenant on those farms
under contract. With the exception
of two certificates, which are being
retained awaiting the signatures of
producers, the corrections on all
tine other certificates have been
checked over and the papers were
forwarded last November and De
cember to the Rental and Benefit
Audit Section of the Treasury De-
partmsnt in Washington for pay
ment. Within the past few months
many Of the wheat contract sign
ers ia these two counties who have
not received their checks have
made inquiry concerning them at
the county extension Office, but
these requests cannot be taken
care Of until the checks are receiv-
ed from the offices in Washington.
Wheat checks, however, are com
ing through for distribution every
week or ten days, ard the allot-
ment committee and officers of the
Kent and Sussex County Wheat
Production Control Association are
making every possible effort to
complete this phase of the wheat
reduction program for 1884 On
Monday and Tuesday of this week
several wheat checks were distrib-
uted from the county extension Of
fice in Dover, and from the Office
of Hervsy p. Hall in Smyrna, and
the Peoples Bank IN Harrington.
Smyrna times., 1935-01-17

From the information which has
been received by the Bureau of
Markets, it appears that at the
present time there is a possible
outlet for some Delaware potatoes
in the South, particularly in the
States of North Carolina, Georgia,
Mississippi and possibly Alabama.
These States import large per-
centage of the potatoes used dur
ing the winter months and at the
present time are buying potatoes
from other States. The price at
which potatoes are being sold in
these States is not large. Recent
quotations showed that Maine
white potatoes were selling in At
lanta, Georgia, at $1.2O per hun
dred weight, wholesale. These po-
tatoes are shipped from Maine by
boat and rail at a freight rate of
7c per hundred weight. The freight
rate on potatoes from the Dover
section to Atlanta is Sic per hun
dred weight in carload lots. This,
of course, would mean a small
price to the growers; however, it
is somewhat above the nearby
price at the present time. Mr.. w.
T. Derickson, Director of the Bu-
reau of Markets, has a list of po-
tato buyers in the States mention
ed, who might be interested, and
will be glad to supply a list of
names to any Delaware growers or
shippers who are interested. Del
aware growers by all means should
communicate with some buyers in
the sections mentioned before ship
ping because it is entirely possible
that there are many buyers in
those sections who are not familiar
with the redsl1in variety of pota-
toes which is produced here.
Smyrna times., 1935-01-17

ADVERTISEMENTS Smyrna Times
is the business medium not only for the
town it represents. but for the outlying
district of which it is the center. en-
bracing the towns of Clayton. Kenton.
Cheswold. Townsend. Leipsic. &C. A rate
of so cents per inch an insertion charg-
ed for transient advertising. Season or
yearly display advertising rates quoted
on application. For Sale, For Rent,
Lost and Found advertisements occupy
inc one inch space or less, C minimum
charge of SO cents per insertion. In
memoriam articles. 10 cents per line per
issue
THE SMYRNA TIMES is an Independent
paper devoted to the welfare of the town
it represents and the State OF which II
is part. 1t also gives the items of
Importance of the Eastern Shore OF
Maryland.
Smyrna times., 1935-01-17

tain a clause providing for tax of
three cents ON each ticket Of ad-
mission. 1t will further provide
that the theatres cannot open until
9 O'Clock in the evening. The rev.
enue from this tax collected N
Wilmington will go to the four hos
pitfalls in that city while the tax
collected in Kent and Sussex coun-
ties vii go to taa ncn. CO
Smyrna times., 1935-01-17

900 annual cost Of it's maintenance
would be paid by the Highway De-
partment instead of being taken
from the general fund as is done
now
Smyrna times., 1935-01-17

Hospital in Dover and the Milford
Emergency Hospital and Marshall
Hospitals in Milford and the Beebe
Hospital il Lewis.
Smyrna times., 1935-01-17

hs35 IN Pocse Count y Bar A,,11.','
lowing officers uss. nj igdt
Rldgely, presid.s. .s e scted:
Hughes, vice llsnt;; n.;. Iaa
Hopkins, secratss president;
Henry Ridgely,' '4'y 4osa a ID III
ea9sa1- ana Il. F, Lynch, ]. Fl
b he'd al j c,.a +l'lal 6alq
- Be 90.
Smyrna times., 1935-01-17

Entered at tAe Post Office at Sm- rna, Del
aware. as Second Class natter.
Subscription price. S1.50 per year, strictly
in advance.
Smyrna times., 1935-01-17
SHIFT MOTOR DEPARTMENT
suggestion Made to Save General
Fund $88,OOO to Help Deficit

To refute reports he has heard
OF efforts that are being made to
discredit his suggestion that the
state Highway Department take
control of the Motor Vehicle De-
partment of the Office of the Secre-
tary of State and to assume from
its current income all the operat-
ing expenses of that department
Governor G. Douglass Buck, Mon
Smyrna times., 1935-01-17


hcans, changed their votes from
''yes" to mo- for purposes of re-
consideration later, which made
the final vote 20 for and II against
the bill.
Smyrna times., 1935-01-17
WOULD HAVE SUNDAY MOVIE
Representative Pierce Introduces
Bill But With Tax on Tickets

The bill which Representative
Pierce is having prepared to per-
init the showing of moving pic
lures in theatres throughout the
State on Sunday night will con-
Smyrna times., 1935-01-17

Published Every Thursday Morning, by
r, D. HOFFECKER. Proprietor.
Founded by Robert d. Hoffecker. July 5.
1854. Editor and Proprietor until Feb
ruary 10, 1907.
Smyrna times., 1935-01-17
KENT EAR ASSO. MEETING

Haorganizes With Henry Ridgely
President and Melvin Hopkins, Sec
AT the annual meeting of tba
Smyrna times., 1935-01-17

Charter No. 2336-Reserve District M
REPORT OF CONDITION OF THE FRUIT
GROWERS NATIONAL BANK AND
IIRoSI COMPANY OF SMYRNA. in the
state of Delaware, at the close of busi
ness on December 81, 1894.
ASSETS
Loans and discounts .s47s.593. 40
Iy.;.u5 ~ ~ ...-c.-- ..-... 92.15
cations. direct and or fully
n, euaranteed qua .i .-... ...-. .... 76.75O.OO
curltles ..... ...... ... 93.66S 25
Banking house. 100000; Furn-
iture and fixtures. s25 100000. lis. 600 90
keal estate owned other than
banking house ....,.. :...... 5l.Oss.72
Reserve with Federal Reserve
cIoh bank K ;.;.. ......; sl.O7s.s7
other banks ..:... .......... 9.3I6.62
Redemption fund with United
States Treasurer and due from
United Sttaes Treasurer -. 2,50O.00
Otner assets .----- .---...... 1.2S4.53
Total Assets ........ .... $3.50 .Sss.7s
LIABILITIES
Demand deposits, except United
States Government deposits,
public funds, and deposits of
-. other banks ........ s1ss. .2sO.s5
Time deposits. except postal saw
ings. public funds and de-
posits of other banks . 395, 200. 81
Public funds of States. counties.
school districts, other sub
divisions municipalities elO2 58
Deposits of other banks. includ-
ing certified and cashiers
checks outstanding -. .... 3,374.5O
Not secured by pledge
of loans and or in
vestments -. -. S546,95S.34
Total Deposits .s546 .95s.S4
Circulating notes outstanding. 100000
Bills payable ........ 51.531. 40
Rediscounts ....... 9.214.33
Other liabilities ....... 81.84
Capital Account:
Preferred stock, 500 shares,l
par Sl25 per share. retirable
at s125 per share ......... 1sO.oOO.oo
Common stock. $50 shares, par
500, per share ...........J
surplus ....-. ...... 100000
Undivided profits-net 1,597.s2
Total Capital Account . 2OI 597. .S2 !
Total Liabilities ...... -. .ss5s. .7s
MEMORANDUM: Loans and In
vestments Pledged to Secure
United States Government obli-
cations. direct and or fully
guaranteed ....;.. ...........s 76.75o.oO
Other bonds, stocks, and secur-
tiles 49,. ...... .......... Ss.s2s.oe |
Loans and discounts .......... 1921 40 |
Total Pledged Excluding re-
discounts) ...... ...... ..... 141 ,959.40 |
Pledged:
Against circulating notes out
standing ........ ....... 50,400 90
Against deposits of trust de-
partments ....... ......... 5000. 90
Against borrowing ....... S6.559.40
- |
Total Pledged ...... S141, ,959. 40
State Of Delaware. County of Kent IS:
l, w. E. Nowian, Cashier of the above
named bank. do solemny swear that the
above statement Is true to the best of my
knowledge and belief.
w. E. NOwLAN. Cashier.
Subscribed and sworn to before me this
9th day of January. 1895.
GEO. X. STEVENSON,
Notary Public.
Correct-Attest.
HERVEY p. HALL,
HARRY b. CRIEVES,
CLARENCE B. RAYMOND.
Directors.
Smyrna times., 1935-01-17

REPORT OF CONDITION OF THE CLAY
TON BANK AND TRUST COMPANY,
of Clayton, in the State of Delaware, at
1884.
Smyrna times., 1935-01-17
100000 LOAN
FAILS IN HOUSE

Continued From Page One)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
PORKERS DROP
5 TO 10 CENTS
Few UnderweightS Remain
Steady Despite Sharp
Gain in Receipts.

The general run of hogs on hand
at the indianapolis Stockyards to-
DAY was largely to 10 cents lower
than in the preceding session. Few
classes of extreme light slaughter
pigs, however, continued unchanged
at yesterdays average.
A sharp increase in the number
of supplies was believed mostly re-
sponsible for the decrease in prices
Receipts today we're estimated at
5000, the largest number on hand
since late last week. Demand was
fairly strong, considering the heavy
supply, and trading was at an active
pace. Holdovers numbered only 90
The general bulk, 100 to 300
pounds, sold at 500 to 1925. while
hogs scaling 500 pounds and up
ward, cashed in at 1895 to 1910
LightWeights, ranging from 100 tC
100 pounds. we're salable at So IL
TO $685.. while light lights. weighing
100 to 1870 pounds, brought $685. to
S7.85. Packing sows held at SITS
to $3.50
With a liberal run of steers on
hand in the cattle market. early bids
were slightly lower than yester-
day. Few sales, however, remained
steady. Trading developed slow
with several loads of steers selling
from $40 to 1925. She stock was
active and strong. Most heifers
brought SO to $40. Receipts were
24OO.
Activity was light in veals and
prices continued stationary at $3.50
down. Receipts were 300 A strong
undertone developed in the lamb
market and most grades were around
IS cents higher Bulk of shOrn fed
western classes sold at 81 35 to $3.50.
while shorn slaughter sheep brought
81 down. Receipts numbered 1900
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
Produce Markets

Delivered in indianapolis prices: Heavy
broilers, lbs. and up, zoe Leghorn broil-
ers , lbs, and up fun feathered. 1ac: Leg
Ice; bareback broilers l3c: cocks and
stays. &c. Ducks. full featht ed and fat.
&c; geese. fun feathered and fat SC. All
classes OF guineas. l5c; No. ! strictly fresh
case must weigh 80 lbs gross; 2 deduction
Of l0c pound under SIS lbs will be made
Butter-No. !. 3lm32c butterfat CSC
Quoted by the Wadley Co
(By United Press
CHICAGO Nav Eggs Market firm:
receipts. so; 4o4: extra hrsts 25 &c. fresh
difties. 225Ec: Cheeks, pic So B utef1Msr-
vet. unsettled: receipts. 1892: extra drsts
1901 1921 score 25'3ea 9sf extra g2
Csc: second 's6-s7'z '9 score. PIC: spee
Gals. 27a27iac:. standards. rs &c. Poultry
MARKET STEADY receipts ! car. is
broilers. 22H22i2c; frvers. 23M24c: old
ROSTERS. 13i.G14l7c; ducks 10 n zoe. geese
l2c; turEeys. l6@ i8e: Leghorn hens i3cS
l4ia1t454c' daisies. i5qi5Ac: Longhorns.
15N15iac. Potatoes-Old stock: Supply lib
ersl: demand end trading moderate; mar
7Oa 75c; Idaho Russets. 81 so 4 J. 10: COM
mercial 81 30. Men stock. Supply moder-
ate: demand and trading good. market
255: United States No. 2. SIPS. Alabama
track 800 shipments 43s.
CLEVELAND. May -BultsrnMarket
7ess1ta % e1 paa RtfS 2tte s
ducks. old. I8c. Pots toes1Msine. 81 q
15c; Florida No. Hastings. $3.50 a
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07

but timely under present crcum-
stances.
1T is true that all producers are
not in desperate straits; all lines
of industry are not affected in like
degree by the depression. and some
companies have larger resources or
lower costs than others. These nat
urally survive, and as their weaker
rivals disappear there may be more
business for the survivors, although,
if the Reorganization and unem-
ployment is aggravated, this can not
be counted on as certain.
THE effect must be to crowd out
the weaker competitors, thus tend-
ing to a further concentration of
industry in the hands of the strong
er. If the stronger pay the tax out
of profits and the weaker must pass
it on to the public in higher prices,
the process of concentration will be
quickened. The tax is not levy on
profits, but on pay rolls, and would
tend to reduce rather than increase
the latter
In discussing the phase Of the
Administration program which calls
for large expenditures upon public
works the bank says:
Public works employment IS
preferable 10 a dole if real values
are created by the expenditures, and
are realized so promptly that they
enable the taxpayers to meet the
demands which the policy makes
upon them, but results which are
so distant or fanciful as TO have
no practical value to the taxpayers,
who must bear the burden. are no
justification for the increased bur-
den"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
On Commission ROIU

Quotations below arc average wholesale
prices Being offered 20 BUYERS by local
commission dealers
Truits-Banauas. sc 10 Apples
WiueSapS s. Is Delicious. g IS BaluWinS
81 - Lemons Sunkist. 26OS. 81 IS. Grape
SredicSs 81 IS LINES. Mexican. per car
ton rs. 20. Strawberries. Alabama Ms
siouaries- -4-Qf. crate S3sA Tennessee
kloucykes. 24-ut. crate. 50 50. ApricoiS.
s. crate GTspcS. Souza America white.
Dcvs. south America. 8 Soas. Me1ican
Jumbo's, IS a crate. standards. Si-55 a
crate
eSetshle-CsbbsSe new Mississippi.
hsIf crste 81 S. onions. New Texas yellow.
bsE sseo neW Texas Ehte So-Ib. bag.
s. 50 Potatoes Green Mountains iOO-lb
bag lis. selected cohhlerS. i0o-lh. bag.
81 Is. northern round white. loo-lo bag.
s. ohios. ioo-lb. hss. s22S: Idaho
Triamrhs Sushel' 3 50. sweet Potatoes,
Indiana Jerseys huShei slio. medium or
seed 81 10 Nancy Hall buShel. 81 IS.
Beans round StFinsleSs. hampers Sl-eo.
nsf 81 50 celery washed and trimmed.
dor. 9cc. CucumberS, hot house. doz e0c:
: dor. box. 81 20. Endiye- California.
Dozen 81 Egg plant. 81 1SUi.So ooz Kale
hushel SOC Lettuce. hot house. lS-lb.
basket. s.. California lceberg head lettuce.
SOS Manages, $3.50 erste; small
cor. $50 Peas. Mississippi. hamper 81 So
Spinach Texas bushel. Sl-2S. RadiShes
dozen 4sc Turnips. buShel 7Sc. Psrsnips
haN bushel 81. BectS. crate new Texas
SIS Carrots. California. crate. s. IS.
Rhuesrh. outdoor. Coz soc Mushrooms.
Al quotations su5iee, 70 change W or
coHn-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
NezU York Stocks

BIZ United Press
NEW YORK. May 7.-Stocks
drifted irregularly lower in light
dealings during the first two hours
Of trading today.
Postal Telegraph preferred, the
weak spot. broke TO s, of Ia and a
new low for the year. Other COM
munications eaSed fractionally with
American Telephone at 11412 off Is.
Losses of a point or more were
made by American Bank Note, Howe
Sound. Pullman, Union Pacific and
Peoples Drug. Fractional losses were
nc.ed in such leaders as American
Can, U. S. Steel, New York Central,
Consolidated Gas. and Anaconda.
The one bright spot in the list was
the oil group where new highs for
the year were made by Standards
of California and New Jersey, and
SeabOard Oil.
Around noon U. S. Steel was at
81, of q; American Telephone
l14ia, off x and General Motors
30ls, unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
SAFE DEPOSIT COUNCIL
TO MEET JUNE 7 AND 8
About 400 Executives and Managers
to Convene at Asbury Park.


NEW YORK, May THE Ma
tional Safe Deposit Advisory Council
will hold its annual convention at
Asbury Park, N. j., June 7 and 8,
with approximately 400 managers
and executives in session, it was an
nounced today.
The entire program. it was said,
will be given over to the discussion
of more efficient and profitable safe
deposit management Representa-
tives of every safe deposit associa-
ton IN the United States are ex-
pected to attend the gatherings.
Among the topics up for discus
sion will be selling safe deposit pro-
lection, recent court decisions as
affecting safe deposits, vitalizing
vaults. hazards of safe deposits. A
forum will feature the Saturday
session.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
M'LE0D FLAYS
EXCESSIVE COST
OF GOVERNMENT
Conference of Governors Is
Urged to Bring About
Economies.
BY MAX STERN
Times SnrrfaI Wrtfer
BY MAX STERN
Times Special Writer

WASHINGTON, May 7. - The
great political weight OF the vested
job-holding class is blamed here Tor
blocking a resolution now before the
House Ways and Means Committee
which would urge that President
Roosevelt call a conference of Gov
errors TO combat excessive costs Of
state governments and their local
subsidiaries.
The resolutions author is youthful
Rep. Clarence j. Mcleod fR.. Mich }
He introduced his resolution March
Is, in time. he explains. for Gov
ernorS TO get action from thelr
Legislatures this year.
How long asks the Detroiter.
can the American taxpayers bear
the mounting burden OF this myriad
of useless and WaSteful little gov
crnmental units. their obsolete func-
tons and their debts?"
Census Figures Shown
Recent census figures disclosed
A total of 1869 political units,
including 46 states. 1862 counties.
1853 cities. towns. villages and
boroughs; 126.54S school districts.
1889 townships. l4,572 other civil
divisions
Total costs in 1892 of these units
at SO 662, $4,000. of which $2.505.-
$4,000 was disbursed by state gov
ernmentS. $1,411, 826O0O by counties.
S3,594,647 900 by cities, towns. viii
lagos and boroughs. 81 $50. 472 900 by
school districts. 1852 $4,000 by town
ships. $261 ,293 600 by the rest.
A total annual debt interest bill
of $843 1868 ,000 An average expen-
diture by these Federal gov
ernments of $500 for every man,
woman and child in the United
| States.
An increase in operation costs Of
these units of 2897 per cent be-
tween 1912 and 1882, in interest
payments of 1895 per cent, in out
lay payments of 1928 per cent.
Overlapping Attacked
These more than 10000 units
of government, thousands of them
useless, overlapping and function
ally dead. are sapping the vitality
of our national life" said Rep. Nc
Leod AT least two billion dollars
is the price paid annually by
American taxpayers as the result
of failure to prune the deadwood
from the local branches of the tree
! of government.
I'VE are now paying almost ten
billion dollars a year in taxes. 1t
is estimated that fully one-fourth
is utterly wasted.
1--WE must abolish the countless
thousands of useless. worm out relics
of by-gone day thai now hinder
the efficient operations Of local
/ government"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07

in this country. we can not afford
to make serious mistakes. he say IS.
Moreover. housing must be able to
pay its own way. This means low
cost land, careful management If
l we're deliberately trying TO Sabot-
age the housing movement in this
country. l could adopt no better
course than to heed the cries of
the critics of the housing prog am
and make speed my goal instead
of building as finished and perfect
a product as it is possible to pro-
duce"
TomOrrow-Building in the next
few months.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07
Other livestock
BY Times Special)


LOUISVILLE. May Cattle Receipts.
225; slaughter cattle in light supply; Kill
ing quality generally plain: market.
mostly steady: bulk common TO medium,
steers and heifers $Tm9.25; better. finished
kinds quotable to $1,000 and above for
strictly good steers: bulk beef COWS. $50
625; good to 81 and above for heifer
types low cutters and cutters. s3M4.75:
sausage bulls mostly s5m6; bulk better
Hereford stock calves. s7@S; palmer grade
light southerns. s3.50m5. Calves-Re-
ceiptS. $50: better grade vealers. mostly
soc higher; medium and lower grades
unchanged; bulk good to choice veslers.
IS 50u Z so: medium and lower grades.
IS so down Hogs-R Receipts 300; steady:
top and bulk better 18o25O lbs; ss.95
255 lbs up. $3.50; l6O-175 lbs. As: l40-
1855 lbs 81 IS; l20-135 lbs 81: sows weigh
ing 400 lbs down. s7.2O: heavier sows dis
counted soc Sheer-Receipts. 100; gen
orally steady: market on all classes and
ades medium to good clipped lambs
mostly 5.50d $50: choice quotaDle, 81 and
above: clipped throwouts, "a and fat
clipped ewes. SO down: choice lightweights
SO so: bulk spring lambs, sa.50d9.50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-07

the National City Bank declares
today.
The present is an in0ppOrtune
time to begin to accumulate a fund
for unemployment insurance, the
bank sets forth in beginning its
argument against the measure. The
first effect of any tax on pay rolls,
it point out. must be to increase
production costs and prices, which
must unfavorably affect the de-
mand for products thus tending to
delay recovery"
Under present conditions" it
continues "the theory that the cost
Of insurance can be passed on tc
consumers does not hold good in
any uniform or general sense, as
may be seen in the effects Of the
processing taxes. The only certainty
is that it will be an obstruction
to business
The report quotes the Bureau Of
Internal Revenue figures showing
that for the four years. 1880 to 1893,
inclusive, an average deficit Of l-25
per cent in net income measured
in percentage of aggregate turn
over of business was shown. In 1888
FOL per cent of the active compa-
MES operated at a loss.
Reserves, working capital and
c: edit have been impaired and the
problem confronting many of them
manufacturing enterprises. is that
of surviving from year TO year, IN
hopes that business conditions Will
improve. They are no; in condi-
ton to begin the creation Of a
fund to serve as a backlog against
future depreSsions That is the
oretical proposal which is anything