davidaulloa/AmericanStories huggingface dataset:
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-02-28

Tied in with this fight, after fash
ion, is the administration move to
tighten up the "Triple-A" (Agricul-
tural Adjustment ADMINISTRATOR by
series Of amendments which have
been proposed. and which lie before
the House committee at this time.
Some hearings are to be held early
next week In view Of the fact that
in practically every instance the pro-
posed amendments increase the power
Of the executive branch, and reduce
the hold which Congress tries to
maintain in its feeble way over the
new set-ups, a battle is foreseen by
observers.
But underneath the surface there
is much unrest. Some of it has been
demonstrated in the last days by the
resignation of various key men in
the AAA set-up, including Minnesota
own progressive Victor Christgau. who
held the pivotal position Of Assistant
Administrator. While his withdrawal
has been protested. 1t seems a per-
manent affair. in view of essential
differences regarding policy. partic-
ularly as respects protection for milk
producers of all classes, as distinct
from those who fortunately reside and
operate Immediately next to the larg-
er cities. in the so-called milk sheds
which supply large metropolitan areas
with the daily fluid milk supply.
With the possibility Of Christgau's
appearance before the House agricul-
ture committee hearings next week
these grievances may be aired. and
these fundamental differences may
be more prominently displayed. Jus,
now. an effort is being made to sub
merge them underneath personalities
and to minimize the conflict of issues
| involved
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-02-28

American ads save you money.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-02-28

OAK LAKE LUTH. CHURCH NOTES
English services Sunday, March 3,
at 1890 a. M, and Bible class at 10
a. m. Our study will be in the first
Epistle of John, LIST chapter. Come,
worship with us.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-02-28
THE NATIONAL
GOVERNMENT
By CONG. JOHN PAUL KVALE

Dismaying to those who are con-
sCious of the Importance of immediate
action in the drouth areas especially,
the delays in enactment of the work
relief bill have been engrossing the
closest attention in Washington dur
ing the week. The latest step, the
return of the whole bill and argument
thereover to the committee, indicates
that many more days may elapse be-
fore the difficulties are ironed out
and an agreeable compromise ar
rived at.
In the meantime, of course. the ad-
ministration cannot pursue the pro-
gram for the revamped rehabilitation
scheme for drouth area which was
limited at in this letter three weeks
ago. and again a week ago. The bill
must become law first, and the money
and credit become available. Sadly,
each day of delay is actual tragedy
to the residents in these areas who
have no reserves, no credit, no re-
sources. and no possible help from
the outside. But while the bill Is
snarled up in the combined political
and economic argument, there is no
help but to wait hopefully for an
early solution.
Waiting until the last possible day
indicating some displeasure with its
provisions-the President signed the
seed loan bill. which he stated last
year he sincerely hoped would not be
needed. In view of the drouth, how
ever, and pressure OF economic condi-
tions, he approved the measure. The
difficulty now arises of bringing the
benefits of the measure to those who
need it most, and who may be ex-
cluded under its terms. That included
farmers who raise crops exclusively
for feed for their stock, instead Of
for the market, and those who are
already encountered. Unofficially,
however it is stated that administra-
ton Of the bill is to be carried on
leniently and sympathetically, and
that there is to be a minimum Of
red tape and detail.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1935-02-28

A bill which is commanding it's full
share of attention these days is the
one which is before the House agri-
culture committee providing for regu-
lation of the activities Cf the grain
and cotton exchanges and for prohibit
ton or curbing of the activities of
spectators with reference to these
commodities.
1t may be remembered that a SINH
lar bill passed the House last year
and was discussed in this very column
but died in the Senate when Con-
gress adjourned before it could be
considered. Farm leaders regularly
have been strongly for it, and the
grain and cotton exchange represen-
tatives and lobbyists have strenuously
opposed it. With administration back
ing. that now seems forthcoming, the
bill does have really good chance
of enactment.
The House committee, in hearing
testimony on the bill and its pOs Sible
effects, has had to admit that un-
dOubtedly such speculative transac-
the prices paid farmers for these COM
mOdities. An amendment Offered and
carried in committee which was Of
fered by Progressive Congressman
Boileau of Wisconsin includes butter
and eggs within the term "commOd-
tiles" as defined by the bill, and for
Minnesota farmers the amendment
means much. if the bill becomes law.
1t will mean that commission houses,
brokers and the like will come under
strict regulation by the Department
insofar as speculative transactions at
least are concerned, with the result
that the price of butter and eggs will
be influenced less by the gamblers
and more by the actual market de-
mands and the supply available. 1t
should materially aid the farmers in
receiving a better price for these
| commodities.
The Waterbury Democrat., 1935-01-02
JOSEPH W. BYRNS
 NAMED SPEAKER
(Continued from Page <1.)

(Contlnued from Page1.) vnnia's 23 democratic members threw over the sectional issue and started the Bankhcad bandwagon by pIedging their unanimous sup port.
 Byrns has been in congress since 1909 and served as chairman of the important appropriations com mittee. Last session he was major ity leader. He will be responsible for the house destinics of admin istration legislation. Behind him will be the largest democratic ma- Jority in 75 years The unwieldly majority, however, numbers large insurgent blocs, pledged to curren- cy imitation, and other extreme Legislation.
 Byrns hoped 10 obtain caucus support today, however, for 2 change in the discharge petition rule ,aimcd at preventing radical measures from reaching the flood unless favored by 218 members. At present 145 members, by signing Il petition, can force action.
 Besides picking H leader, the democrats were expected to ap- prove a downward revision in re. publican strength on committees. designed to make the party pro- portion three democrats to one re- publican. -
 The 1O2 republicans in the house caucuscd earlier in the day and again named Rep. Bertrand SnclI, ". Y., as minority leader. .
The Waterbury Democrat., 1935-01-02
NEW ENGLAND DUG
 OUT FROM STORM
Severest Snow of Winter Hit This Section in
 Some Places

Boston Jan 2.-UP)-North New England dug itself out of snow drifts to-day following the severest storm of the winter. Ono death was attributed to the storm, towns were isolated and power and tra appropriation facilities were dis ruptcd as gale-swcpt snows laid Maine, New Hampshire and Yer mont under. almost two feet of snow and ice during the [ night. Giuseppe Composeo, 58, of Nort- hampton, suffered heart at- tack and died almost instantly while shovcling snow. Ice-sh cath cd power and communication lines snapped under the, burden, cutting off towns and cities from the rest of the world.
 Highways in some sections were practically imDassable and trains and busscs Jagged behind scired- ule. Sodden snow temporarily isolated Watervillc, Me, nnd other communities in northern New Eng land. All available facilities were enlisted to dig the section out of the blizzard and re-establish communication. Gales, reaching n 70-mile velocity, lashed tho coast, tearing boats from their mooring and sweeping a fishing vessel and a number of small craft ashore at Provincctown. Boston and South ern New England missed the brunt of the New Year blizzard, but a sharp drop in temperature fol- lowed tho storm.
The Waterbury Democrat., 1935-01-02
BY ELMER c. WALZER United Press Financial Editor

New York, Jan 2.-(UP)- Stocks were irregularly higher and dull in the first session of 1885 to- day. Farm Equipment company shares and issues of fertilizer com panies stood out on the upside throughout the day. Motors were firm. Steels were slightly easier. During the early trading the vari- ous groups lacked trend. Only the stocks whose income depends on farm prosperity were in demand. Later interest reappeared for the automobile division and the gen. cral list displayed firmer tone.
 Dullncss was accounted for by the caution preceding the conveu- ing of congress.
 American Agricultural Chemical made a new high at AS 7-8 up 7-8 to lead the fertilizer shares. Virginia Carolina Chemical issues were strong with the 2 per cent preferred up 6 points at SC and the per cent preferred up 31-4 at 23 1-2. International Agricultural corporation issues were in demand with the prior preferred up 3 points at 36 IA.
 Mail order shares picked up with Spiegel, May, stern at 77 up 1-4.
 Grains failed to follow the gem eral trend of farm groups. All of tn .m closed lower with wheat off 7-8 to 1-8 cents a bushel and corn off to IA cents.
 A long list of special issues were higher in the stock list. The fea- ture on the upside in the leading shares was American Can which reached a new high level, since 1891 at IF up 23-4 points. Ann erican Telephone gained more than q point and so did DuPont. Allied Oh 'mical was higher on gossip the company will seen retire its per cent preferred stock. Aviation issues were higher and active. Motors experienced de- | cline and then resumed their rise. Silvers rallied near the close after a setback. Some of the oils made small gains.
 Sales today approximated 880, 1000 shares compared with 100000 shares Monday. Curb sales were
The Waterbury Democrat., 1935-01-02
1884 Govt Bond
 Sales Set Record
New Treasury Issues Aggregate $8,624, ,38O for
 the Year-Refund Rate Now Below Per Cent

ed $72,0O0, 100000 or about two and one-half times the total debt now outstanding, and compared with turnover of some $50,- 900, ,000. 900 for 1883.
 At the present time the total interest bearing debt of the gov ernment approximates $27,714,- O17,000 an increase of 18.1 per cent. compared with an interest bearing debt of $23.450, 148, 900 outstanding at the close of 1893. The annual interest charges for 1884 approximate $82O,4G3.0O0 an increase of 8 per cent compared with $758,343,000 for 1883.
 The average interest rate on all government obligations now out standing has been reduced to 2.9G per cent as compared with aga per cent on Dec. 31, 1893. and with 3.39 per cent of March 1, 1883, just prior to the present administration assuming control.
 During the year 1894 the treas ury department issued total of $8,624, ,l39,380 of new securities. Of this total $4,36O, 1000 was used to refund higher interest bearing debt with securities carrying a lower coupon, and $4,2G4,000, 900 was raised for the purpose of sup plying the government with funds to carry on its program. The lat ter amount therefore represents the increase in the governments s interest bearing debt for the year.
The Waterbury Democrat., 1935-01-02

New York, Jan. 2.-The achieve mcnt of the l.. $. treasury depart- ment, in effecting substa ntial reduction in the average interest rate on outstanding government is- sues, in face of the heavy bor- rowing and refunding operations which were accomplished in 1884 was the outstanding development of the government bond market during the past year. according to a review prepared by C. J. Devine & Co.,, Ire.
 There are many factors in the present banking and credit situation which point to continuance of this policy of reducing interest rates during 1885. Money continues plentiful; current excess reserves of $500, 100000 are at record levels; banks all over the country continue in an exceptionally strong liquid position, refiecting a money condition unprecedented in our history. Improved business Is re- sulting in increased demand and time deposits. There is q return flow to the banks of funds spent for public works, unemployment relief and other government opera tions. All of these developments augur well for future government financing.
 Because of the record breaking refunding and other operations carried on by the treasury during the past year, the volume of busi- ness transacted In governments in the over-the-counter market sur passed all previous records. The total volume for 1894 approximat-
The Waterbury Democrat., 1935-01-02
New York Bank Stocks
 Closed 1884 Higher
Weighted Average for Close of 1884 Was About Az
 Compared With 5 of Year Ago

New York, Jan. 2--In a year of reduced return on earning assets and adjustment to changes wrought by 1g33 banking laws, New York City bank stocks managed to close 1884 at slightly higher levels. The weighted average of seventeen representative issues closes De- cember, 1894, at about 42. conn pared with l03i low of 40 early in January, and q 1893 low of 3J on December 26. 1893.
 During the year, however, q number of important banking de- veIopments caused relatively wide swings in prices.
 From an operating standpoint, one of the most important features of the year was the course of gov ernment financing. resulting in larger bank holdings of govern ment securities and largely &C., counting for the record volume of deposits in the banks. Banks had to contend with low money rates and the problem of high excess re- by the beneficial effect of the first full year of elimination of inter- est on demand deposits.
 Amongthe favorable general de- veiopments of the year are listed the following:
 Postponement of the debated sspermanent" deposit insurance plan; removal of bank failures as a factor in the banking situation; "de facto" stabiliZation of the dol lar and strength in high-grade bonds; the "rapprochement" of bankers and the administration nt the famous ABA convention at Washington.
 On the other hand, the fears Of a central bank and closer govern ment control over credit policies of banks are held to have been dis turbing factors.
 Summarizing the 1894, market, the Holt &s Troster weighted aver age of seventeen leading New York City bank stocks show an advance from the 1893 low of 35.0G on De- cember 26th to q high of 55.7G on February 18th, an advance Of b0 per cent in less than two months. This sharp recovery was the result of large amount Of in vestment buying. Complete infor- nation submitted to stockholders at the annual meetings last Jan nary had the desired effect of clearing away previous unreason- ing fears.
 By comparison with the prcced- ing activity, quiet prevailed during the latter part of February and March. During April, the upward trend was resumed, the rise cul- minating in the 1884 high of 57.43 on April 26th. At this point. the average showed 64 per cent appre- citation over the 1893 low on De- cember 26th.
 Early May witnessed a moderate decline followed by steadincss that extended throughout June and early July.
 m the latter part of July, de- cIining trend developed which. af- ter extending throughout August and early september, eliminated in a test of the years lows. From 53.07 on July 14th. the average gradually receded to 40.33 on Sep tcmber 18th, which compared with tho 1884 low of 39.s9 on January 2n6,, During this period, fears of ! the establishment of q central bank and concern for the future of government securities, aside from continued low money rates, had q depressing effect.
 Government securities, however,
The Waterbury Democrat., 1935-01-02

New York, Jan 2.-The over the-countcr market was active on many fronts during l934, Bank and insurance stocks again comprised important sources of volume, but increased interest developed in other lines and the market in gen- cral was the most diversified !n recent years.
 One of the more active lines was guaranteed railroad stocks. Con- tInued low money rates and strength in high grade bonds cre- ated q brisk demand for the high CT grade issues in this section. Sec Ond grade issues showed moderate improvement in price levels during the year.
 Building material company stocks and bonds recorded sharp Iy higher prices, in line with tho excellent earnings reported in re-. cent months and the prospect of even better spring business.
 In other industrial sections, bonds showed h mixed trend, the higher grade issues bcnefitinR from an active investment demand. Sec ond grade issues, however, showed improvement only in spots. In- duStrial common stocks on the whole were mixed, but the ten. dency Of preferred stocks was toward higher levels. t
 Water company bonds showed a steady upward trend since the first of the year. Demand from institutional investors was noted, encouraged by the stability of earnings and coverage of fixed charges indicated by bonds in this section.
 Ono feature of the year was the municipal bond section. Muni-
The Waterbury Democrat., 1935-01-02
SELECT JURORS
 BY COMMISSION

Boston, Jan. 2 -- (UP) -- Jur- ors in Massac chusetts would be sc- lected and drawn by jury com missioner with statewide authority under recommendations by a special committee of the Boston Bar association.
 The committee also recommend ed establishment fin Suffolk county of a central pool of jurors, a reduc- tion of several thousand names from the total number now requir- cd to be placed on the jury list and immediate passage of new legisla- ton permitting the superior court to appoint q fulI-time jury com missioner.
 Under the recommendations politicians would be- prevented from picking prospective jurors. jury fxers would be thwarted and substantial economies could be ef- fccted, the committee report said.
 The special committee was nam cd to study existing conditions fol- lowing revelations of alleged jury fixing in the state.
The Waterbury Democrat., 1935-01-02

recovered late in September as the result of the treasury's successful Liberty Bond call, and bank stocks firmed up. The recovery, at first, was only gradual, but 1t was ac- celerated in October when the ABA Convention was held in Washing ton. Thus from thc~low of 4O.33 on September 18th, the average rose to 46.04 on October 24th and subsequently reached 47.21 on De- cembcr 1st.
 Early in December, however, the spotlight again shifted to the money rates. One of the large insti . tutions reduced its regular divi- dend and another omitted it's usu- al year-end extra dividend. Since then, the average reacted to about 42, q decline of about II per cent. Nevertheless, the average closed the year at level about 5 per cent, above the 1894 low of 40 on January End and about 20 per cent over the 1893 low of 35.
 The pattern of the bank stock market during late December, 1884, has been strikingly similar to that of December, 1893, which subsc- quently developed q strong recov- cry. The similarity may become even closer in the event that an- nual stockholders meetings early in January, 1885, are again pro- ductive of optimism.
The Waterbury Democrat., 1935-01-02
CONN BANDITS
 WERE VERY BUSY

Bristol. Conn. Jan. 2-(UP)- Four bandits who robbed the North End Pharmacy of $412 after forcing the proprietor and a cus- toner to lie face down on the floor. today were believed responsi- ble for similar robbery at New Britain Saturday night.
 Louis Dimco was talking with n customer, Harry Sandstrom. in his store late last night when the four men entered, ordered them into q back room and while one stood guard. the others empticd the cash register and safe. Before leaving the quartet ripped the telephone box from the wall.
 In the New Britain robbery the proprietor and Il customer were treated in like manner by three bandits, one of whom waited on trade during the hoidup and pock- cted the money.
The Waterbury Democrat., 1935-01-02
Cast OF Characters M The
 Court Drama Starting To-day

ION SIAGED-Ihe dcfcndant Bruno iuei,ard nsap'mann war: came to America after criminal m his native Arrested after he passed LJndbcrgi Almost $i5OOO Tn Lndbcrgb found tn his
 For the T. Wilcntx attorney general and Anthony M. HuncPdOn They HnupimsnD March him. collected sS0O 900 from h father They will dcnt
 defense: Edward Reilly, lawyer who Inns acguttas for charged with capital oncnscs; and Lloyd Fisher Of Bennington.
 Tine ncSscs (Among otcrsl Charles 4. LndbeFgh world
 
 . wife and mother Of the dead baby Betty Cow tine babys maid: SchOcnIcr wife Og defendant wiO sincerely believes his innocence and who will attempt establish
 (OFF STAGE)--6harIes A. LaBdbergh. olA the tme Missed his crlb fits miles cDts HOpcWcH. N. z. home.
The Waterbury Democrat., 1935-01-02
REPORT KING FOG
 HAS BEEN HURT

Athens, Jan. 2-(UP) -- News papers published today as uncon- Armed report that King Fog of Albania had been slightly wounded by bombs in his palace at Tirana.
 The newspapers reported h a t Zog's palace was badly damaged.
 Greek newspapers for days have been reporting q revolt againat King Zog, with one of his own aides aH leader. Tho Albanian gov ernment and it's legation at Rome have denied the reports as base less.
 London. Jan. 7 --- fUP) -- The Albanian legation denied today re- ports in Athens that King Fog had been injured. or his palace dam aged. by bombs presumably thrown by rebels.
The Waterbury Democrat., 1935-01-02
Over-The-Counter
 Market Active 1884
Guaranteed Railroad Stocks One of the Leaders With
 Banks and Insurance We'll Up in Front

cipaI bonds showed consistent iTn- provement in price, highest grade issues in general reaching the highest point since the beginning of the century. Medium grade is- sues In this section also showed Q rising tendency In accordance with the notable improvement effect cd In finances of various munich palitics throughout the country.
 The real estate section came in for increased attention. Mort gage certificates were in favor with many investors, particularly clients identified with the mort gage business itself. Buying In other real estate issues was high ly selectlve, location and condition and properties as well us ranking liens being given due consideration. Many of the hotel issues enjoyed marked appreciation in price. How ever, . downward trend character ized issues of downtown Now York office buildings, particularly of properties located in the n- nancial district. Public utility bonds in the higher grade brack- cts began the year with gradual upturn which continued through out the year with minor receg- Sions. Joint stock land bank bonds were a strong spot, and of- ferings were light.
 The railroad bond section was highly .selectivc, High grade is- sues were strong, many reaching new highs for the year. Medium grade issues were irregular demand being athcr selective throughout the year. Speculative issues, acting in sympathy with the general stock market, had a mixed trend.
 Investment company stocks fol- lowed tho trend of the general stock and bond markets. Fixed trust issues were steady to irregu- lar, but some improvement was noted in general management conl- pany issues, particularly those with leverage. Investment company bonds showed Q mixed trend.