davidaulloa/AmericanStories huggingface dataset:
Montana labor news., 1935-06-13
BASEBALL'S CHANCE TO
COME BACK

Many Mines Leaguers on the rolls.
To the Observation-Disclosures it looks
ike this is Basebalrs biggest chance
,ince Mines League decline, to come
back. Several old-timers, including
Bill McGonigle, erstwhile pilot OF the
bid Montana Power Club, now Free
bourne chief-of-staff, and Alex Rem
meas former major Lacquer and ex-
manager OF the A. c. NJ. Club are tax
.ng an active managerial or coaching
interest in the teams.
The team personnel also number
many ex-Mines leaguers besides a
scattering of college stars and sand-lot
grads. The umpiring is Al and the
attendance is reported by all cities to
be on the upgrade. Later in the sum
mer, when the standings are more
punched and inter-city rivalry takes a
keener hand, the league president,
Judge Rudy KLINE, expects to see
crowds equal to that Of the now his
toric Mines League.
Evening star., 1935-04-02

thought Of this bill. A good guess
could be made as to Andrew Jackson
who, in a message on September 10,
1888. said, 1T is the desire of the
President that the control of the
banks and the currency shall as far as
possible be entirely separate from the
political power of the country ."
The extent Of the power thus con-
centrated in the administration in
Washington is almost inconceivable
For the present it may be a source of
efficiency, comfort and security. 1t
must be remembered, however that
whenever great power is granted it
may be productive of great evil as
well as great good according to its
exercise. am sure under the present
leadership Of our country only good
can be expected from this concentra-
tion, but we know not what is ahead
of us. Franklin Roosevelt will not al
ways be President of the United
States.
Evening star., 1935-04-02

subject to the direction Of the Pres
ident of the United States.
Gov. Eccles of the Federal Reserve
Board complains that the present Open
Market Committee Is unsatisfactory
because it represents the views of
commercial banks; that 1t has the
local and not the national view. In
other words, that they represent the
views of the banks whose moneys have,
in the main, supplied the funds with
which the operations of the Open
Market Committee will be carried on.
Gov. Eccles proposes that the Open
Market Committee shall be national
agency and shall use the funds of the
Federal Reserve banks primarily for
national purposes without any control
by the banks which provide the funds.
He recognizes the power OF this
committee and when asked by men,
Der of the House Banking and Cur
rency Committee: so 1t really gives
you complete control of the money
supply?" he answered: THAT is right,
namely, to that extent it is centraliZ-
ing that function to greater extent
than it has ever been centralized"
The bill under consideration is
reversal of the fundamental theory
and purposes underlying the Federal
Reserve system. The Federal Re
serve system was not organized to
conduct governmental financial oper-
ationS or as financial arm or agency
of the Government. 1t was designed
primarily to be an agency partly un-
der governmental control and with
governmental assistance to protect and
coordinate the resources of the banks
of the United States for the benefit of
agriculture, industry and commerce.
There has been, however, a gradual
| diversion of its functions into chan
nelS of Government finance
AS stated before, decentralization of
financial power was an essential
thought in the planning of the Federal
Reserve system. Projects and designs
for centralized control of the banking
system we're deliberately and definite
ly rejected.
The present bill does not propose to
establish a central bank. 1t main
tains the decentralized form of the
original Federal Reserve System but
centraliZes in Washington the actual
control of that system. The control
by the national administration of the
banking system of the country if this
bill is adopted will be far greater
than was ever exercised by any CEN
trail bank.
Will Force AffiIiatiOn.
To those who argue that this means
political control, it has been stated
Evening star., 1935-04-02
Control i'm Washington.

Under the present law the gov
ernor or executive officer of the Re-
serve Bank is naturally sympathetic
and responsive to the needs and
policies of the individual banks which
are really responsible for his selection.
The new bill provides that the selec-
tion of governor of each Federal Re-
serve bank must be approved by the
Federal Reserve Board, thus bringing
the executive officer of each of the
Federal Reserve banks under at least
partial control of the board at Wash
ington.
The individual banks constitute at
the same time the stockholders, the
depositors and the borrowers OF
the Federal Reserve Banks. Under
Evening star., 1935-04-02

that inasmuch as the bill provides for
12-year terms for the members of the
Federal Reserve Board In whose
hands this vast power is lodged they
will be independent of political con-
troll, but the Supreme Court of the
United States, In the case of Myers VS..
United States, 272 U. S. So, has held
that every officer appointed by the
President of the United States, other
than members of the judiciary, may
be removed by him at any time with
out hearing and without notice, and
that Congress cannot place any lin
itations upon this power of removal.
Consequently the President may re-
move any member of the Federal Re-
serve Board at any time, therefore
provisions of the law in reference to
the length of their terms constitutes no
limitations upon his power to control
that board. though, of course, it is
expected that with rare exceptions
the terms Of Office so fixed will not be
diSregarded and that neither the
President nor the members Of the
board would yield 10 political motives.
The Federal Deposit Insurance
Corp. act provides that after July /,
1887, no banks except those affiliated
with the Federal Reserve system can
be insured. This provision will compel
all the banks of the country to affiliate
themselves with tbe Federal Reserve
System, and thus bring under the
control of the Federal Reserve Board
and the President the entire banking
structure of the country.
Every commercial industry and
financial interest, even agriculture, is
to large extent dependent upon the
banks Of the country. Even agricul-
ture must look TO the banks, and, inso-
far as agriculture does not look to the
banks for its capital, its loans already
are in the hands of Government
agencies.
The bill must, of course, be viewed
in the light Of the problems of today.
We cannot allow the voices of the
past, however much we may revere
them, to control. yet it is impossible
for one schooled in the ideas of the
great men of the past to refrain from
a lingering thought of wonder as to
what those great men would have
Evening star., 1935-04-02

regulations relating to open market
transactions of such banks, the in
dividual Reserve banks are not obli-
gated to participate in any open mar
ket operations recommended or ap-
proved by the Federal Reserve Board.
New Board Provided.
The new act proposes to substitute
for the existing Open Market Com
mittee a board of five, which shall
consist of the governor and two mem
bers of the Federal Reserve Board
and two governors of the Federal Re
serve banks selected by the governors
of the Federal Reserve banks, in &C
cordance with the regulations of the
Federal Reserve Board. The present
Open Market Committee can only
make recommendations, but the pro-
posed statute makes 1t mandatory
upon Federal Reserve banks to COM
ply with the recommendations OF the
Open Market Committee.
Many do not understand the sig
nificance and importance of the powers
sought to be conferred upon the Open
Market Committee. These provisions
are probably more vital not only to
banking and financial operations, but
to our national welfare than any other
single provision of the Federal reserve
act, either as it exists or as proposed
to be amended by the new act.
The supply of money available for
business and financial operations has
direct effect upon all prices and
upon business activities. Rates of
interest, prices of bonds and securities
are all affected by the available supply
of money. In the hands Of the Open
Market Committee as proposed by the
new bill will rest the power to in
crease or decrease the supply OF
money in this country. Therefore,
upon the action of this committee may
rest the country's financial welfare.
BY going into the market and selling
securities the amount of money avail
able for agriculture, industry and
commerce will be reduced, while by
going into the market and buying Sc
curities the supply Of money will be
increased. The Open Market Com
mittee will have under its control,
under this. new statute, for the pur-
chase of securities all of the resources
of the Federal Reserve banks, and for
the purpose OF sale all of their vast
holdings of Federal and other Sc
curities. This vast power would be
concentrated in the hands of board
of five men. three of whom, con-
stituting majority of the committee,
are members of the Federal Reserve
Board. and for all practical purposes
Evening star., 1935-04-02

years of the depression, many hum
dredS of banks which closed their
doors could have continued to operate
successfully, effectively and soundly.
The present statute provides for an
Open Market Committee which con-
sists of IL members. one being selected
by the board of directors of each Of
the Federal Reserve banks. AS mat
ter of practice the II governors of
these banks have constituted this
committee. The Open Market Com
mittee thus created naturally repre-
sents the views and interests of the
IL Federal Reserve banks. While the
existing act provides that the Fed
eral Reserve Board may transmit to
the Open Market Committee, and to
the several Federal Reserve banks,
Evening star., 1935-04-02

ment signed by the Treasury and
Agriculture Departments.
For a year the unlimited importa-
ton of foreign liquor had been re-
stricted to 60-day periods. Now It
will be until further notice" For a
short time after repeal imports were
handled through quotas for the vari-
Gus countries.
Evening star., 1935-04-02
U. S. HIRES WRITER

Chester Crowell, magazine writer,
has been engaged by the Treasury
Department to help its sale of baby
bonds"
Crowell will assist Ray Tucker, an
other magazine writer, who was en-
gagged more than a month ago to
handle the publicity for the sale of
the new bonds.
Evening star., 1935-04-02
Irish Fear Flax Shortage.

The linen industry of Northern
Ireland fears a shortage of fax. Rus
sia is the main source OF supply, but
the Soviets are using more than ever,
while Germany is importing fax as a
substitute for cotton and wool. Flax
prices are expected to rise.
Evening star., 1935-04-02

Title III contains a number of
amendments of various features of
the banking law which seem to meet
the approval of the administration,
the public and the banks. My limited
time will not permit a full or ade-
quate consideration of the more i'm
portant provisions of title II, so it
will be impossible to discuss the pro-
visions of title III.
Evening star., 1935-04-02
LIQUOR QUOTA ENDED

Abandonment OF the quota system
for liquor imports was announced yes
terday by the Federal Alcohol Con-
troll Administration under an agree
Evening star., 1935-04-02
Reduces Swelling
Soothes Piles

Swelling promptly subsidies when
you apply soothing Pile-Foe. Pain,
itching, or bleeding is checked and
blessed relief follows. Thousands
attest its remarkable healing prop
critics. Don't suffer needlessly =.
get Pile-Foe at any drug store.
Money-back guarantee. Refuse
substitutes.
Imperial Valley press., 1935-08-05
New York Stocks

NEW YORK. Aug. 5. (U.P)-Utility
stocks continued to advance IN
heavy turnover on the stock eX-
change today. while oils picked up
and steels ana rails ran into mod
crate profit taking.
The 10 most active issues in
cluded six utilities and three oils.
Commonwealth & Southern had
the heaviest turnover, appearing in
blocks of 1000 to $4,000 shares at
2 to 21k the latter a new high up
4 point net. New highs for the
year were made by Consolidated
Gas, Columbia Gas, American
Waterworks 1st preferred, Ameri-
can Power e. Light, American g.
Foreign Power. Engineers Public
Service Issues, Pacific Lighting
Standard Gas Issues, United Cor
poration and Public Service of New
Jersey.
Some of the utility preferred is
sues rose as much as 5 points on
investment buying.
communications issues also were
| higher with the leaders. including
American Telephone at new 1885
highs.
Demand for oil shares followed a
wave of buying in Phillips Petrol
cum. The latter featured the group
in turnoyar and touched a new high
for the year at 231s up 12s point.
Gains ranging to a point were
made by Standard of New Jersey
Barnsdall, Socony- Vacuum. Stan
dard of California, Continental,
Consolidated, Houston and Sea-
board.
other issues to record gains rang
ing to a point or more included
American Bank Note, Du Pont,
Douglas Aircraft, Liggett & Myers
3, Warren Brothers, and Corn EX-
change Bank. Warren Brothers
preferred jumped nearly 5 points.
Just before the close, Information
al Nickel Company increased its
quarterly dividend from 10 cents a
share to 20 cents and the stock rose
to 28A up u point and within a
short distance of the years high
Copper shares generally were steady
around the previous close.
Volume approximtaed 1,74000C
shares compared with 1,52000(
shares Friday.
Dow Jones preliminary closing
s%erfsges showed industrial 1861
up oil, railroad 1896 off 0.03, util-
ity 24.39 up 0.36.
Imperial Valley press., 1935-08-05
Draper Loses To
SWedish Sprinter

BOSAS, Sweden, Aug. 5. U.P -
Foy Draper, University of Southern
California sprinteE, suffered his
first defeat since arriving in Europe
when he finished second in the
100-meter dash as Americas tour
ing athletes added another triumph
in a meet last night with Swedish
track and field stars.
L. Strandberg, Sweden, beat
Draper by a tenth Of a second as
he covered the distance in 1916.
The Americans won six of eight
events.
Draper won the 200-meterS in %
seconds. Eddie O'Brien, N. Y. Ath-
letic club, took the 400-meters in
40.3.
Gene Venzke, N. Y. Athletic
club, won the 1900 meter run; Al
Moreau, Marysville, La, won the
110-meter hurdles; Bill Seton, Los
Angeles, captured the pole vault
and Ken Carpenter, use, won the
discus for the first time since ar
irving
Imperial Valley press., 1935-08-05
L. A. Stocks

LOS ANGELES, Aug. 5. UR)-
Two new highs in utilities featured
a quiet and generally unchanged
early session on the Los Angeles
stock exchange today.
New 1885 highs were made by l..
A. Gas & Electric, up y to 10712
on 18 shares, and Pacific Gas COM
mon, up i to 261s on 100 shares.
Edison common gained 4 to 2O1s
on TOO shares.
A 27s gain was made by California
Packing, selling 100 shares at 1895 ::
Gladding Mclean dropped 4 to
912 on 100.
Standard rose IA points, for the
greatest advance in oils. 1t sold 200
shares at 35A. Union was up Is
to 1875 on 1900 shares; Pacific
Western rose as TO on 200.
Security First National Bank
gained rs to 451a on a 200-share
turnover. Transamerica dropped Is
to 6B on 500 shares.
Imperial Valley press., 1935-08-05
ELECTION TO BE TEST

PROVIDENCE, R. l., Aug. S. UP
Rhode Island voters go to the
polls tomorrow in an election that
will provide the first test of Presi-
dent Roosevelts strength since in
valuation of the NRA.
Interest centered on the contest
for congressman in the first dis
trict. A special election was called
to fill the vacancy cadsed by the
resignation of Democratic Congress
man Francis B. Condor.
Imperial Valley press., 1935-08-05
NOTICE OF THE CITY COUNCIL
SITTING AS A BOARD OF
EQUALIZATION

Notice is hereby given as re-
quired, that the City Council of
the City of El Centro, will convene
on August 12, 1885, at 7:30 p. M,
in the City Hall of Ell Centre, to
sit as a Board of Equalization for
the purpose Of equalizing the Tax
Roll, and will continue to sit as
a Board of Equalization from day
to day until the equalization of
tax is completed
(Signed) C. E. ANDERSON,
Mayor.
Attest:
CAL G. MOUSSEAU,
City Clerk. 1T
Imperial Valley press., 1935-08-05
Flax Market
CASH FU.AX
L A. Livestock

LOS ANGELES, Aug. 5. U.P)-
Hogs 200, steady to rs higher. Lo-
cal grain fed $l125-11.75.
Cattle 5000; better grades about
steady; undertone weak to lower on
palmer grades; good long fed steers
$10.15; short fed steers $815-8.85;
grass and warmed up steers $6.25-
$50; fed heifers $8.25; grass heif-
ers $3.50 down; COWS $5-5.75; cut
ter grades $3-450; bulls $5-6.25;
calves 800, steady; vealers $40 down;
southwest calves S6-8.
Sheep $500; strong to 25 higher;
good wooled lambs $750-7.75: few
shorn lambs ST. good shorn ewes
$3.50.
Imperial Valley press., 1935-08-05

Help " anted

.HRISTMAS CARDS. Big COM
missions selling personal greet
ings, embossed stationary-sam-
pies free. 81 folder assortment.
Humorous, Etching, Everyday,
Gift Wrapping boxes. Bonuses.
Experience unnecessary. Wallace
Brown. 417G. South Hill ST., Los
Angeles. 5-l
Imperial Valley press., 1935-08-05
Mary Pickford At
Funeral Of Aunt

HOLLYWOOD, Aug. 5. U,D -
Funeral services wree held today
for Mrs. Elizabeth Ryder, a sister
of Mary Pickford's mother.
Mrs. Ryder died last week Of a
heart attack. She had been i'll for
a long time.
Miss Pickford flew here from
New York to attend the private
services. The screen actress eX-
poets to return east in about 10
days.
Imperial Valley press., 1935-08-05
29 Mountain & Resort Property

FOR RENT - SiX-room furnished
house, fine barns for chickens
or stock. 9 miles west Jacumba,
near Manzanita store. Also land
for sale, cheap. Write R. P. Gar
mire, 802 Magnolia St., Ell Cajon,
or inquire of Art Dunn or at
Herwehes garage, Manzanita. oh
Imperial Valley press., 1935-08-05
III
IL Country Property for Sale

FOR SALE-Small acreage across
from Red Star Auto Court, east
of FL Centro on Holtyille high
way. Terms. Mrs. Davis, Press
Office or phone Imperial 3191
after 5 p. m. oh
Imperial Valley press., 1935-08-05
10 Real Estate for Sale

MODERN, 5-room stucco house
with dressing room, breakfast
nook; also large screen room and
garage. Well located, south part
of town; large, fenced yard, shade
trees and lawn. Call 723 or Press
Box 1853. 5-3
Imperial Valley press., 1935-08-05
L A N D o w N E r

Are you satisfied with present in.
come from your land? If not,
LET'S TALK IT OVER, and see if
it can't be leased to a better ad-
vantage, or perhaps you would like
to sell
w. f. II A N G OC K
"The Farm Land Man"
SAG Main Street Ell Centre
Imperial Valley press., 1935-08-05

BARGAIN-2h acres, small house,
FL Dorado Ave, Inquire Model
Grocery. l-lO
Imperial Valley press., 1935-08-05

ROOM AND BOARD for children
in mountains. Charges nominal,
including everything. Phone 81
for information. oh
Imperial Valley press., 1935-08-05
L. A. Butter and Eggs
Los Angeles Grain

LOS ANGELES, Aug. 2. UP-
Prices quoted on the Los Angeles
grain exchange today:
No. 2 yellow corn (trans-
continental billing) ........$1.45-150
Calf. wheat, sacked .$1371s .42h
Calf. barley, sacked 81 12c-92hc
Calf Milo, sacked .........$1 .55- l go
Millfeeds, white and red 81 .25-1.30
Imperial Valley press., 1935-08-05
Professional
!. ID. FOSS

J. ID. FOSS
PUBLIC ACCOUNTANT
72S Holt Ave, Phone 1885
Auditing, Income Tax, Bookkeeping
Associated With
CRENSHAW, DIEHL g. WRIGHT
Certified Public Accountants
Imperial Valley press., 1935-08-05
For Lease
Special Notices

TAKEN UP-At my ranch, l mile
south of Acacia School - one
HolStein heifer, branded J2 on
left hip. Owner can have same
by paying for this ad and feed
bill. T. M. Fleming. So
Imperial Valley press., 1935-08-05
L. A. Hay

LOS ANGELES, Aug. 5. UlD -
U. S. No. ................................$ $3.50
U. S. No. Q Ieafy ......................S $500
u. S. No. 9 $3.50
Receipts, equivalent to As car
loads.
Imperial Valley press., 1935-08-05
Situations Wanted

YOUNG MAN wants Part-time
employment mornings. Press Box
1853.
Imperial Valley press., 1935-08-05
Rooms for Rent

FOR RENT-Nice room, fan fur
niShed. ITO Olive. oh
Imperial Valley press., 1935-08-05
Wanted to Rent
Apartments FOR Rent

FOR RENT-FURNISHED - Dou-
BILE and single apartments, cleo
trical refrigeration. Country Club
Inn, Sixth and Holt. 5-3
Imperial Valley press., 1935-08-05
Houses for Rent

SSIE o Nm E r.
7o5 Main Phone 474
For Better Ell Centro Homes"
FURNISHED
For adults, elec refrig. $25-$30
4 rm. house, gar. year round $25
2 bed rm. house, close in S25-$30
Well furn., elec. equipt, lease $50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-27
1850 NAVY VESSELS
AT PEARL HARB0R
Maneuvers Suspend for
Three Days to Allow
Entertainment.
BY the Associated Press.

BY the Associated Press
ABOARD BATTLESHIP PENNSYL-
VANIA, Pearl Harbor. Hawaii, May
27.-One hundred and sixty sleek war
ships were moored in or near Pearl
Harbor today as the United States
Navy neared the end of gigantic ma
neuvers in the Pacific.
The arrival by noon of a Marine
eXpeditionary force was expected to
complete the return of all fleet forces
participating in war games in the
vicinity of Midway Island, 1850 miles
northwest of here.
Submarine Division IL, comprising
the worlds largest undersea craft, put
in here during the night, and other
vessels, mostly mineSweepers and
tenders, were expected during the day
For the next three days, Hawaii
plans entertainment for the $4,000
officers and men of the fleet. Anytime
after Wednesday, however. all fleet
units except those regularly based at
Pearl Harbor will be in readiness for
orders from Admiral j. M Reeves.
commander in chief, for the final
phases of the six weeks maneuvers.
The heavy cruiser Houston was
under orders to put to sea today for
a return to the Pacific Coast with As
Sistant Navy Secretary Henry L.
Roosevelt, who was stricken i'll Friday.
He suffered an attack of indigestion,
but doctors said he was not seriously
i'll.
Admiral William H. STANDBY of
Washington, chief of naval operations.
was due here today aboard the cruiser
Memphis.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-27
PLANE PILOTS WARNED
OF PRESCRIBED AREA
Navy Office Cites Danger of In
vading Section Used for Proving
Ground Tests.

Widespread disregard by airplane
pilots of the Potomac River prohibited
area used for test work at the Naval
Proving Ground, Dahlgren, Va, to-
day resulted in the issuing of warn
ing that the entire area is closed con-
tinuously and that crossings of the
Potomac except at Blackstone Island
are dangerous al all times.
In issuing the warning, the Navy
photographic Office said: "Informa-
ton has been received from the in
spector of ordnance in charge, Naval
Proving Ground, Dahlgren, Va. that
the apparent disregard of the pro-
hibited area, as shown on the avia-
ton charts, has become entirely too
frequent recently"
The prohibited area includes all
of the Potomac River, except the
main steamboat channel, from a point
above Dahlgren to the mouth of the
river at Point Lookout and, except
for an aircraft lane across the river,
at Blackstone Island on the Wash
ington-Norfolk airway.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1935-05-27
II ncIOse House,"
Asserts applicant
For Federal Loan
II. o. L. e.. Receives DrOIL
Letters AccOmpany
Photographs.
BY the Associated Press.

BY the Associated Press.
The Home Owners Loan Corpora
ton requirement that applicants sup
ply photographs of the home on which
they seek loans has resulted in some
droll correspondence.
Excerpts from letters:
81 inclose herewith the front and
side of my house as requested"
Please excuse me for not sending
pictures on account of the weather
AS soon as the weather is prevailable
will snap the pictures"
Il have received five letters from
you asking for pictures of my house.
If you want these pictures, please let
me know and l will send them"
Il inclose my bungalow, and will
send the big house to you as soon as
1t comes back from the drug store"