davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1935-03-29
HEAVY SELLING
HITS COTTON

NEW YORK, March 20 G.N.SO.
Further heavy sellings depressed
cotton futures again today.
Some liquidation continued to
come from domestic sources as
a result Of Secretary Wallace's
intimation that processing taxes
might be raised instead of re.
duced. Later denunciations OF
Wallace by Senator George and
others were largely discounted as
representing the will to, but the
inability to effect, any changes
in policy.
Liverpool and the continent
switched to the buying side and
contributed small orders which
were added to by New ORLEANS:
Spot houses also purchased and
the trade gave the market some
support. Selling EN- an a t e d
mainly from the South, houses
with japanese connections, and
to some extent, locals.
Later quotations on May were
1890 off 6, July 1896 off S, and
October 10.48 off 4 points.
The Washington times., 1935-03-29
REDUCED.
100 MILLIONS
International News Service


Reduction of possibly a hun
dred million dollars in the public
debt in the next four weeks
through a cut of $25,000,000
every seven days in bills issues
was seen today in the Treasury's
new announcement of short time
security notations.
With $75,OOO,O00 in bills mstur-
ing April 3 the Treasury will
issue approximately $50,000,000
in nine months securities on that
date, owing to a surplus Of cash
accumulating to the Governments
credit in the Federal Reserve
banks.
Bids on the new issue will be
received at the Federal reserve
banks and branches up to 2 p. m.
(E.S.T0 Monday, April !. The
bills will be sold on discount
basis to the highest bidders and
at maturity will be paid face value
without interest.
Owing to heavier than anticl-
pated income taxes and other re-
ceipts and a temporary reduction
of expenditures, the Treasury got
in the position of having more
cash than it could conveniently
use. The cash balance is about
2,370 millions with no prospects
for large payments until the work
relief bill is passed and goes into
effect,
The Washington times., 1935-03-29
KenneCOtt's s 1884
Earnings Double

Net consolidated available for
dividends of the Kennecott Copper
Corporation for 1884 amounted to
$5,719,854 after charges, except de-
pletion, compared with $2,307,734
for 1888. The former item is
equivalent to SO cents a share on
the no par value capital stock and
the latter 81 cents a share.
Sales of metals and metal prod
ucts during 1884 totaled $50 ,592r
873 against $39,817,s29 in 1888.
The operating costs of these goods
was $41, 1,065, $50 in 1884 compared
with $31,256, ,420 in 1888. The lat
ter item remained after deduct.
ing $3,094,023 for adjustments to
cover the amount written off to
December 81, 1892, for the differ.
ence between the cost Of produc.
ton and market price at that
date.
The Washington times., 1935-03-29
j. G. HAITI SIGN
TRADE PACT

The United States and Haiti
yesterday signed a reciprocal trade
treaty, the fourth negotiated since
Congress authorized this plan for
expanding American export trade.
Under the treaty, our import
duty on Haitian rum will be re.
duced from S. to $3.50 per gallon.
This will further reduce the duty
on Cuban rum from $3.50 to 81,
since Cuba gets 20 per cent pref.
erence under her treaty with the
United States.
The duty on fresh pineapples
from Haiti also was lowered by
the treaty.
In return, Haiti reduced its i'm
port duties one-fourth to two
thirds on 13 products from this
country, including leather, sewing
machines, fresh meat. canned and
dried fruit, seed potatoes, butter,
and prepared milk.
The Washington times., 1935-03-29
CHANGE HA[TS
STRAW VOTE

NEW YORK, March 2s.-The
nominating committee Of the New
York Stock Exchange acted
promptly yesterday to stop a
straw vote on the candidates. Of
Charles r. Gay and Richard
Whitney for the presidency of the
institution.
A notice Of the committee
signed by r. Lawrence Oakley, its
chairman, requested" the mem
bers of the exchange mot to vote
any straw ballots at this time" :"
The New York Evening Journal
sent letters on Wednesday to the
members of the exchange, causing
the committees action.
These letters requested the
brokers to express their prefer
enceS for Gay or Whitney. They
asked also whether the members
favored" a court test Of the con"
Stitutionality of the Securities and
Exchange Commission and wheth-
er they favored q change in the
public relations policy Of the ex
change.
Although the committee notices
merely requests" the members
not to vote, it was thought unlike
ly that any member would use the
ballots.
The Washington times., 1935-03-29
UTILITY ISSUE
BEST IN 4YEARS

NEW YORK, March 20 GN.S). .
The wave of new bond flotations
this week that has broken the
capital market Jam" wide open
reached a climax yesterday with
the offering of $45,000,000 Pacific
Gas and Electric Company first
and refunding bonds, the largest
utility offering in nearly four
years.
That institutional investors are
in a receptive mood to absorb the
flood Of new securities is indicated
by the fact that books on the
$43, 100000 Swift and Company
34 per cent bonds made by Salo-
mon Brothers and Hutzler were
closed shortly after the close of
the market. The bonds are being
traded on a when-issued basis in
the over.the-counter market at a
premium 101A bid, 1011a asked.
Offering also was made yester-
day of $4,000, 900 Chicago Union
Station Company first mortgage
4 per cent bonds, due July /,
1886, at a price of 101 to yield
3.94 per cent. Kuhn, Loeb and
Company heads the offering
syndicate. The Pacific Gas bonds,
dated December /, 1884, and ma
turing December /, 1864, bear 4
per cent interest and are offered
at par and accrued interest.
The Washington times., 1935-03-29
Cleariings Shou
Smaller Rise
For Week

NEW YORK, Mar. 20 O.N.SJ.
Bank clearings for the week
ended Wednesday, March q,
was reported by Dun & Brad
street, Inc, at $5,006,828, 900,
against $4,4O9,24S,00o for the
same week of last year, an in
crease of 1873 per cent. This
contrasted with a gain of 14.0
per cent in the previous week.
At New York city clearings
were $3,3s6,S5O,OOO, an increase
Of 1913 per cent over the amount
reported last year, while the ag-
gregate for centers outside of
New York Of $1,619,97S,OO0 was
ITO per cent higher.
The Washington times., 1935-03-29
Discharges, Cuts
Rampant on Street

A new wave of discharges and
salary cuts is rampant in Wall
Street it is learned. The policy Of
discharging men and cutting sal.
aries is general in The Street and
Is attributed to the steadily de-
clining volume.
One of the big three odd lot
houses is understood to have dis
charged 165 employees in the past
ten days
The Washington times., 1935-03-29

The shock Of the st. Paul re-
organization wore off, though st.
Paul common and preferred broke
under 81 a share on the lowest
prices on record. other rail
issues were firmer.
Coca Cola rose around 2 points
to a new high above 200.
Among the weak spots were
National Biscuit, Macy, Union
Bag and Libby owens, the first
three at new lows for the year.
Motor shares also were under
pressure though declines were
small.
American Can lost a point in
the industrials. Dupont was back
ward but Allied Chemical rose
more than point.
The Washington times., 1935-03-29
FREIGHT LOADS
TOP WEEK AGO
International News Service

LoadingS of revenue freight
for the week ending March %
totaled 607,7 cars, an increase
Of 1O,34S cars over the preceding
week, but a decrease Of 2,256 cars
under the same week in 1884, the
Association Of American Rail
roads announced today.
Miscellaneous freight, 234,522,
increase, 3,692 and 6,112; less
than.carload lots, 161,1 ,164, increase
S97, decrease 5,434: coal. 139, $50,
increase 6,126 and 1905; grain
and grain products, 2S,S50, in
crease 72, decrease 4,034; live
stock, 10,679, decrease 1888 and
1884; forest products, 26.046, in.
crease TOO and LII; ore, 4,112,
increase 564, decrease 266: coke,
5,74s. decrease 62s and 1886.
The Washington times., 1935-03-29
CHICAGO GRAINS
RULE F|RNER

CHICAGO, March 20 GN.S0.
An indifferent tone prevailed in
grains in today's early dealings
with prices ruling firm around the
previous close after an irregular
start.
Liverpool wheat was 3s to 70
pence off in late trading after
opening firm.
Near mid,Session wheat futures
here were unchanged to 1sc off,
corn unchanged to Ac up, oats
unchanged and rye Ac off.
The Washington times., 1935-03-29

This headline,
I think, holds q
world of mean.
ing. Think 1t
over.
The idea It
suggests to me
is that the rail.
ways can't pay
their way. They
C a n e arm
enough to cover
costs. Therefore
because they
are unprofita'
BILE, the govern.
men should run
theml
The Washington times., 1935-03-29

C u r r e n c y
weighed down
t h e S t oc k
market today
but failed to
bring out any
i m p ort a n t
liquidation, the
G e n eral list
holding firm.
CO mmoditieS
were unsettled.
c o t t on was
h e w a n d
grains irregu-
lar. Bonds dis
played a dull
The Washington times., 1935-03-29

ULl6IIl!
The idea suggested is that when
ever an economic activity is clearly
unable to justify itself by income.
it becomes fit object Of govern.
ment ownership.
All we need to justify Federal
ownership and operation Of any
industry is to regulate it to q
point where it can't pay.
Does this make sense?
Back Of all this, lies the In
sidiOuS notion that government
exists for the purpose of Civ
ing its citizens whatever they
want-regardleSS of the cost.
This is the notion that our
wants are the only realities,
and that costs need not be
counted.
This is the basis for wish
thinking"
Say some section Of the coun.
try wants a railway maintained
which does not have enough
traffic to pay. Say frequent
train schedules are wanted.
Say the grain farmers want
rates reduced, both on their
grain and on the things they
buy.
Say railway laborers want
shorter hours and higher pay.
The "wish thinker" says, Let
them have these things"
But what about costs?
"Oh," says the wish thinker,
If the railway companies can't
afford it, the Government can.
We must have Government
ownership. The Government
does not have to count COSTS"
The Government will pay for
these services" by raising taxes.
Or if taxes are burdensome, it will
just borrow. And if its debts be.
come burdensome, it can just issue
notes" instead of bonds. These
notes are money" BY making
such money, the Government can
pay for anything without cost!
This is the essence of Socialism
or Communism. Socialists expect
to have people work according to
their capacities, while paying each
worker according to what he
wants Cor according to what some.
one thinks he "needs"D. The
people are to be given things
without any direct relation to
their productivity.
But productivity can be known
only by comparing the value Of
each product with the cost Of
making it.
If today such Government as
ours takes over the railways
either CD it will ignore costs and
furnish another example of waste
full unproductive Federal activity,
or 90 it will have to do what
private managements want to do
economic and curtail service
where Improbable.
The first would mean increased
taxes and debt. The second would
mean disgruntled shippers, and
regimented laborers.
What we are doing today is to
launch all sorts Of schemes for
spending to crafty wants, with.
out regard. to costs. We are fail.
ing to count the labor, time and
energy, and the sacrifice of saving
undergone to create and maintain
plant and equipment.
This results in paying wages"
for unproductive work. It results
in interest rates which are alb.
normally and artificially low.
Until we quit wish thinking"
and consider who pays and how,
we will have waste, debt, initiation,
and regimentation.
We are making "the govern
ment" the sacrificial goat. We
send the bills to Uncle Sam.
Are we forgetting that "the
government" is all Of us-that
its costs are our costs, and that
The Washington times., 1935-03-29
Belga at Lowest
Price on Record

NEW YORK, March 20 G.N.SO.
The immediate effect Of news
of proposed devaluation Of the
belga was a crash OF 2 cents in
Belgium's currency to 10 cents,
the lowest price on record.
Other gold currencieS were weak
while sterling rose sharply. The
table:
The Washington times., 1935-03-29
COAL NET UP

Lehigh Valley Coal Corporation
and subsidiaries report net income
Of $722, ,052 for 1884 compared with
$401 ,s67 for the preceding year.
The Washington times., 1935-03-29
WISH THINKING.
HELD CAUSE Of
RAILWAY ILLS
BY LEWIS HANEY
professor Of Economics,
New York University

Yesterday / saw a newspaper
headline as follows: Railroad
Deficits Increasing; u. s. Owner
ship Discussion Gains"
The Washington times., 1935-03-29
BELGIAN MOVE
WEIGHS DOWN
STOCK LIST
By LESLIE GOULD

NEW YORK, March 90 O.N.S0.
The proposed minimum Is per
cent devaluation of the Belgian
The Washington times., 1935-03-29

AZ zonite Products. SS SsS 356+ n
(a) Optional Parity
stock and cash tdI D1tra in stock !el Paid in 1SsS
~ On account OF eccumulations go No regular rate
latest payment. (h) Payable stock. (m) Special
(a1 Paid this year. (wwI with CxwS without
(") Ex-dvidend. ~ ExrghtA
The Washington times., 1935-03-29

The idea suggested is that when
ever an economic activity is clearly
unable to justify itself by income,
it becomes a fit object of govern
ment ownership.
All we need to justify Federal
ownership and operation Of any
industry is to regulate it to q
point where it can't pay.
Does this make sense?
The Washington times., 1935-03-11
WATCH KIDNEYS
same AS BOWELS

Wash Out Your 79, 200 Feet sf Kidney Tubes
Your bowels contain only q feet
Of intestines, yet the kidneys contain
nearly 10 million tiny tubes or filters
which would measure 1920 feet If
laid end to end. Therefore, it Is just
as important to watch the kidneys as
the bowels. Kidneys are working all
the time and are one of Natures chief
ways of taking the acids and poison.
Gus waste out Of the blood.
Healthy persons pass thru the
bladder 8 pints day and get rid Of
more than 8 pounds Of waste matter.
If you pass less than this, your 70, 200
feet Of kidney tubes may be clogged
with poisonous waste. This is a
danger signal and may be the begin
ming Of nagging backache, leg pains,
loss of pep and energy, getting up
nights, swollen feet and ankles, rheu-
matte pains and dizziness.
Kidneys should be watched closely
and need cleaning out the same as
bowels. Ask your druggist for
DOANS PILLS, an old prescription,
which has been used by millions Of
kidney sufferers for over 40 years.
They give happy relief and will help
to wash out your 79,200 feet Of kid
ney tubes. Get Doan's Pills at your
druggist. 9 1894. Foster Milburn Co.
The Washington times., 1935-03-11
2|BIRTHS, MARRIAGES AND DEATHS

NJ. Takeda. "a. Seattle. Wash.
Charles T. Washington, 81. $40 C st.
3: E.' and Bertha l.. Bullock, is, 22S
Sixth st. S. +.
Clyde Kirkland, 3s, and Margaret
Budd, SS. both of sol Q St. N. w.
Winfield r. Koch, 81. Camden, N. j.,
and Eva v. Moore, 10, Tabernacle. n. ].
Rex J. sutton, 80, and Myrtle Kirts,
"a. both of Lafayette, Ind.
Clyde w. Cassity, %, and Elizabeth o.
Daoley, 10, both of Bedford, Va.
Russell Jackson, 25, 91S Third st. N.
W., and Elizabeth Gay, 20, 21 Shepard
Rd N. z.
John w. Clark. ~. Fort Sheridan. ILL.,,
and Pearl C. Lamb, As, Alexandria. Va.
Isaiah Brown, 26, 224 V st. N. W., and
Beatrice Washington. 20, 1908 C st. S. E.
Frederick c. Eimmerlich, jr., %, Hal
lam, Pa, and Bernice NJ. Study, 20,
Littletown, Pa.
The Washington times., 1935-03-11
DEATHS

Eugene W. Willard, rs years, 522 Sixth
st. N. w.
Geneva E. Nairn, rs years, 1914 JEFF
ferson st. N. w.
Charles Hopkins, rs years, st. Eliz-
abeths Hospital.
A. Eugene Pierce, SIS years, Veteran
Administration Facility.
Anna Gribbin, 81 years, Garfield Hos
pital
Laura L. Fine, SO years, 1850 Harvard
Melvin Poole, 4S years, sibley Hos
Marie L. Hunt. 80 years, 4s4 Randolph
Robert Green, so years. Freedmen's
Hospital
Frances Lyles. 70 years, II Logan Cir
Ida Gatewood. 5s years, 1921 Thir-
teenth st. N. w.
Gertrude johnson, Sc years, Freedmen's
Benjamin McClain, S5 years, Freed
mems Hospital.
Alfred B. Jordan, 27 years, Freedmens
Hospital 20. -,,x.1,
Jessie Thompson, 27 years, AL Fifth
Eioise Hill, 25 years. Gallinger Hos
pital.
James E. Deal. Z months. children's
Hospital. nu..
Hospital
The Washington times., 1935-03-11
WANTS
GOOD HOME

"Captain," a wire haired fox
terrier, is waiting at the home of
Mrs. M. S. Thomas, 1858 Ritten-
house st. N. w., to be claimed
by his master or someone who
will give him q good home.
Found wandering, half starved,
several weeks ago by Mrs.
Thomas, Captain" has been
given the best of care ever since.
According to Mrs. Thomas,
Captain" is good dog, we'll
trained, and has evidently re-
ceived care. Mrs. Thomas wants
very much to locate his owner,
but, of course, if the owner can
not be found, or does not want
him, Mrs. Thomas will gladly
turn him over to someone who
will promise to take care of him.
If interested, get in touch with
Mrs. Thomas at her residence
after 6 p. m.
Poundmaster w. r. Smith an
nounces that he has a number
of police dogs and collies at the
District Pound, South Capitol
and I Streets, that will make
good watch dogs. He also has
some smaller dogs that would
make ideal pets.
You are invited to notify the
Times Pet Editor if you know of
cat, dog, or some other pet
that needs a home. --.- ...-.,S
The Washington times., 1935-03-11

ing personality and being one Of
the most attractive women now
active in the Labor movement.
And her activity is no mere
word. From morning until mid
night she's bustling about, either
in her capacity as national or
ganizer for the National Fedora
tion Of Federal Employees, or as
chairman of the Women in In
dustry" committee Of the Virginia
League of Women Voters, or as
chairman Of the Bryn Mawr Sum
mer School for employed women.
Although christened Matilda.
"Tillie" received her nickname
back in 1920 from fellow workers
in the Bureau of Engraving and
Printing, where she first became
interested in labor effort. She has
been a member of their union ever
since, and at one time held the
post of recording secretary.
The Washington times., 1935-03-11
ROADS GUARDED
IN HUNT FOR 6
VA, CONV|CTS

Washington police were watch.
ing all roads and bridges lead
ing into the District today, while
officers and civilians Joined in a
search of the wilds about Fred
ericksburg, Va, for six long-term
convicts who escaped from a
guarded truck while being taken
from the prison at Richmond to
q penal camp at Culpeper.
There was nothing to indicate,
however, that the felons were
heading toward the Capital. The
six had disappeared completely
without a semblance of a trail.
Fredericksburg police said the
trail was so cold that even blood
hounds would be useless in the
pursuit.
The break occurred about IA
miles from Fredericksburg. The
convicts, one Of whom was a muir
derer and the others thieves and
burglars, had obtained hacksaws,
with which they cut their wrist
and leg shackles while en- route.
Last night the rural residents
of the Virginia area slept under
arms. Shotguns, rifles and pis-
tols were within easy reach in
case any of the desperadoes should
attempt to raid a home for food
or a change Of clothing. The fugi-
tives were garbed in the regula-
ton brown prison uniform when
they fled.
Thirty penitentiary guards were
sent from Richmond last night to
join the search. State police also
were on the lookout.
The Washington times., 1935-03-11
Sheriff Ordered
TOSeizeForty
Hives of Bees

WINCHESTER, Va, March
11.-Deputy Sheriff w. A. wig.
gington, Of Winchester, is will.
ing to turn his job over to any.
one who wants it.
He has been given a warrant
to take over about forty hives
Of swarming bees, and he is in
a quandary as to, how he will
execute the warrant. The btE
hives are scattered through
several orchards in the neigh
borhood. Of Winchester.
Mr.. 'Wiggington is hoping
that cold weather will arrive
shortly, and that the bees will
go. back into their hives so he
can arrange to execute the at
tachment warrant and to haul
the bees off the premises Of
their present owner.
The Washington times., 1935-03-11
LICENSED TO MARRY

Charles W. Melton. q, and 1,Ift MariSn %n "
Hayward Afford, 90, and Laura Caster
27, both Of 7S5 Girard st. ...
BrooRs, % 10, both Of 112o Eighth St. N. W.
Wilfred F. Molitor, 80, and Marian
Longs Worth, 81, both of Fort wayne
Cornelius woodbridge. %, and Elinor
e. Bacon. 20, both of 1902 Paramount
Alexis w. Emanuel, ss, and Alma F.
Abbott. As, both of Philadelphia.. Pa.
Kenneth C. Robinson, rs, S411 Sher-
man Ave. and Edith Green, 2l' 7SS Nor
ton st. N. W. ,.-
Frank B. shinault. 40. and Anita
Mayer. %, both of Richmond, Va.
Merrin L. Cook, 80, and Ruin A.
Thomas, 20, both of 1899 Twelfth ST.
Samuel W. slavitt. %, ss4s Thirteenth
St. N. w, and Helen Ginsburg, %. .1SOo
Taylor St N. W.
Evaristo Alves AIves. SO. 1913 Q st.
N. w, and Pearl Byrd &c. s2s ST.
N. w
Kunio Maruyana, 81, Japan. and Mary
The Washington times., 1935-03-11
FusiOnists Sponsor
st. Patrick's Dance

SILVER SPRING, Nd, March
11.-Montgomery county's Fusion.
ist party will sponsor a st. Pat
rick's Day dance at the Con-
gressional Country Club next Mon.
day evening at 9:30 o'clock, it
was announced today by E. j.
Gray, county building inspector,
who is chairman of the arrange
ments committee.
Many prominent county resi-
dents, including the three Fusion
list members of the board of
county commissioners, will serve
on the reception committee.
The Washington times., 1935-03-11
CITES BENEFITS
Of CITIZENS

ALEXANDRIA, Va, Marh II.
The obligations OF every citizen
to the Government in exchange
for the benefits derived from
citizenship was outlined by A. E.
Giegengack, U. S. Public Printer,
before approximately 800 people
who attended the annual break
fast Of the Holy Name Society
held yesterday in the George
Mason Hotel.
Other guests include the Rev.
E. A. Brosnam, spiritual director
of the Society in Virginia; Col.
William Peek, of Lorton: Rush
Buckley, of Fairfax, and DR..
Joseph Delaney, of Manassas.
Francis Fannon was toast
master. The Rev. T. A. Thomas
delivered the address of welcome
with the guest speaker being pre-
sented by Leo Harlow. Frank H.
Nowland is president of the local
chapter of the society.
The Washington times., 1935-03-11
], B. GREEN DIES
Of HEART
ATTACK

Funeral arrangements were
being completed today for James
Bryan Green, IS, attorney and
widely known expert on hand
writing,
Mr.. Green died suddenly yester.
day of heart attack while visit
ing at the home of his sister, Mrs.
James w. Cummings, 200 block
West Thornapple St., chevy
Chase, Md.
Mr.. Green had driven to his
sisters home from his own resi-
dence, 1900 block l. st. N. w., and
was stricken soon after his arrival.
The Washington times., 1935-03-11
BIRTHS

Lewis and Margaret Smith, girl.
David F. and Mary Williams, boy.
Charles P. and Valeria Reckert, girl.
Herbert r. and MARCEL Bishop, girl.
Mercellus and Marjorie Landon. girl.
Lawrence and Sarah Seltzer, boy.
James r. and Gladys Snakenberg, boy.
Thomas and Agnes Hunt, boy.
Morrison and Mary johnson. girl
Jesse and Dora johnson, boy.
Nelson and Louise Jones, boy.
Willis B. and Bessie Ratiff, boy.
Eugene and Pearl Hall, boy.
Lucius and Margaret Mckay, boy
Harry and Natalie Burton, girl.
Joseph and Ruth Webster, boy.
Linwood and Lucie Smith, boy.
Louis and Esther Syphax, girl.