davidaulloa/AmericanStories huggingface dataset:
Evening star., 1935-08-25
BY WILLIAM BIRD.

PARIS.-France has watched with
increasing interest the boom in stock
market prices that has been in prog
reSs In the United States for the last
month.
Among the advocates Of currency
devaluation here there is an nclina-
ton to regard this as sign of re-
turning prosperity in America, due
principally to the devaluation Of
Of the dollar. This Interpretation Is
strengthened by the fact that there
have been parallel booms in almost
all the countries that have devalued
their moneys.
But orthodox financiers are at
tempting to explain 1t otherwise.
They point out that the dollar was
devaluated over two years ago, and
that despite the devaluation it was
not until recent weeks that the stock
market showed an optimistic tendency.
They are more inclined to believe that
the present Wall Street movement Is
basically speculative.
Between these two interpretations
there is wide room for others. 1t is
pointed out, for example, by some
commentators that whether a stock
exchange boom is called speculative"
or not, it does inevitably reflect q
State of optimism. And ever since the
depression began, politicians as well
as flnanciers have laid great stress
on the psychological aspects Of pros
perity.
The fact is that when people gen.
orally believe that prices Of anything
are going to rise, they buy. If they
believe prices are going to fall, they
sell, or at least they abstain from
buying
Whatever the cause may be-, Amer
lea is now, from all indications, in the
midst of a period Of rising prices, and
the tendency is for people to buy. thus
provoking further rises. This condi-
tion will continue as long as the pub
lie believes the rise is going to con-
tinue. When confidence in further
rises is gone, people will cease buying
and will begin to sell.
What Is now worrying European OBJ
servers, who often see things more
clearly than one can see them at
close hand-the crash Of 1929 was al.
most universally prophesied in Eu-
rope months in advances that the
rise Of prices in America will be
pushed too fast by the rush Of the
public TO get aboard" and In that
Evening star., 1935-08-25

Continued on Third Page
Evening star., 1935-08-25
Return of U. S. Prosperity Is Seen
I'm France by Rising Stock Market

case it may be of short duration
Should that happen, it might have
repercusSions throughout the world.
The Wall Street crash Of 1929 started
movement that spread all over the
globe.
Too rapid recovery, expert observers
say. is dangerous, as it leads to In
fiation and ends inevitably in disaster
Another collapse Of the American
stock market would be a severe shock
to recovery everywhere else.
As one market critic puts it, 1T
must be hoped that Americans. how
ever delighted, they may be at the
evident signs of recovery in their
country, will not forget the lesson OF
six years ago and will keep their eye
on the earnings and yield Of their In
dustries, not only on the Wall Street
prices"
(CopyriEht. 1889
Evening star., 1935-08-25

only q serious internal crisis could
change its course. Laval perhaps may
20 to Berlin, but he will perforce
stop short Of giving up Frances alli-
ances or political connections.
Unfortunately, q similar statement
cannot be made about the foreign
policy Of the London cabinet. The
internal stability Of that cabinet has
no parallel in France. But the sur
prising point is that Mr.. Baldwin and
his colleagues cannot settle their
diplomacy upon q fixed basis. No
such zigzags have ever been witnessed
in the records Of history.
The passing moods of the British
foreign office can be added to the
ephemeral existence Of the French
ministries; taken together, both sets
of facts react disastrously upon the
whole of Europe. They contribute to
the making Of q huge disturbing
factor which constantly plays into the
hands of the German Fuehrer and OF
aggressive pangermanism.
Il am not al English gentleman u
Laval told Anthony Eden on June 81:
But I should never have behaved
like the British government did be-
have on the Eighteenth Of June" The
British Minister who had been sent
poSthaSte from London to appease the
resentment caused in France by the
Anglo German naval understanding
H., = 80 ~Nn
condemnation.
Promises Ignored.
Whatever be the considerations OF
a "realist" nature upon which Mr..
Eden and. later on, Sir Samuel Hoare
fell back in order to justify their deed
they cannot deny that they have
ignored both the promise Of previous
consultation given to France last
February and the solemn pledge to
which the British cabinet subscribed
In Stresa on April IA and in Geneva
on April II not to allow international
treaties to be unilaterally revised OF
denounced.
But what Is more discoucerting Il
that it Is impossible to discover any
angle from which British policy would
appear ineligible. 1t dislikes Con-
tinental action: it wishes to remain
aloof from Continental entanglements
and, quite recently. it suddenly favored
the enforcement Of economic sanctions
against Italy If, in Abyssinia, the
worst came to the worst But in the
past, didn't England encourage the
Ethiopian ambitions Of Italy?
British policy officially lays stres;
upon the postulate that no peace car
be secured except through close CO.
operation with France-and period
ically 1t strives to make separate
bargains with Germany. The truth i:
that such a thing as a unified policy
does not exist.
Should we believe. then. that Hit
lerian Germany and the nations which
strive to pull down the peace treaties
can safely act on the theory thai
Great Britain Is a vaciliating forcs
which can always be cajoled ant
maneuvered far away from the defense
OF international treaties? That Il
Continued on Third Page)
Evening star., 1935-08-25

ministration. take the candidate from
the West, and thus carry enough
Western States to make victory sure.
On paper. it works out well. And
actually, there Is much In 1t. But
related to this program, and to the
whole campaign, is one question of
principle which the Republicans must
look in the face. They can give both
the presidential nominee and the vice
presidential one to the West, they can
take both nominees from the heart of
Iowa or of Kansas-but that will not
completely satisfy the West unless one
more thing Is done. The Republicans
must say whether they are to have
q policy and program about agricul-
ture, and what that program Is. The
Western farmers, an overwhelming
number of them, like the New Deals
farm program now in operation. They
like 1t because 1t gives them prices
for their crops presumably higher than
the prices those crops would bring
under free operation of the law Of
supply and demand. Many Western
farmers do not like the particular way
in which A. A. A. does this-but they
like the result. And they, a majority
of them, are not going to give up A.
A. A. unless the Republicans promise
them substitute, promise it specif1-
cally and concretely.
Must Make Up Minds.
TT1,a
their minds whether they are going to
do this. If the Republicans answer,
yes, If they agree to the priuciple,
then q method can be found. The
heart Of the A. A. A. method is limi-
tation Of crops-control of the acre
age Of individual farmers, designed to
keep production down. That particu-
lar method Is odious to much of the
country, and by many Of the farmers
Is not really liked. If the Republicans
can devise q method which gives the
farmer his artificial price-through
direct subsidy or otherwise-and at
the same time leaves the individual
farmer free to decide what crop, and
how much of it, he will raise-if the
Republicans can do that, and II they
are willing to do it. they can hope TO
make headway in the West
The Republicans are not going to be
able to make this decision easily.
Much Of the country, being strongly
opposed to the A. A. A. method, goes
on to feel opposition toward any
method of creating artificial prices.
As A. A. A. continues, as it becomes
more generally understood, as it causes
high cost of living, it is going to come
under q distaste which may cause
majority of the country to oppose not
only A. A. A., but any and every
method Of creating artificial prices.
(Ccpyright 1889
Evening star., 1935-08-25
Ethiopian Situation Evokes Realistic
View of Italians Cramped for Space

ROME-It is extremely difficult to
describe the atmosphere of Rome to
one who lives in another country.
In London, Paris, New York and
elsewhere the Abyssinian situation Is
discussed as If it were a matter of
historical documents and diplomatic
negotiations. Clauses are quoted from
old treaties. from the League of Ma
tions covenant and from the speeches
Of well-intentioned statesmen. Opin-
ions are expressed as to the relative
moral merits of the Italian and
Ethiopian case. There is a general
feeling that it is a question to be de-
cided by jurists.
Here nobody ever dreams of dis
cussing or even thinking about such
considerations. This is not to argue
that the italian view is the correct
one. but simply. If possible, to state it,
and to give the philosophical basis
Of 1t.
The argument that the treaty Of
1905 or the treaty of 1928 or the Kel-
logg pact can be used either to justify
italian Intervention in Ethiopia or to
condemn 1t, makes no appeal here.
The official Italian view may be
stated without exaggeration in this
form: No treaty is worth more than
the force it contains. The Kellogg
pact is valueless because "toothless." !"
The same is true of the 1905 treaty,
signed by Italy. France and England,
guaranteeing Ethiopia's territorial in
tegrity.
Badly stated, it sounds cynical to
American ears, but Italians would say
that that is because Americans are
not 80 forcibly faced with the facts
as they are. They need, more than
any country in Europe, room in which
to expand. But while France and
England have immense colonies with
Evening star., 1935-08-25
Torpedoed Ships Salvaged.

After being held up for some weeks
owing to bad weather, the italian SAL
wage ship, Arpione, has resumed
operations of the Old Head of Kin
sale, Irish Free State. She returned
to Dublin with 20 tons of copper ingots
salvaged from the steamship Ludgate,
torpedoed in 1917 while on voyage
from East Africa. Salvage operations
on the Ludgate are completed and the
Arpione will resume operations on the
steamship Spectator. q sister ship Of
the Ludgate, which has still about 300
tons Of copper aboard,
The Washington times., 1935-05-31
Liquor Defense Is Hit
In Roanoke Trial

by the defense since Wednesday,
w. E. Beverly, Rocky Mount
printer, asserted reputation of D,
Wilson Hodges, former sheriff and
o defendant. was bad, and ad.
mitted under a severe grilling that
he had discussed Hodges alleged
acceptance of protection" money
from distillers.
The Government scored again
when Leon Peters, a farmer, a..
lacking Hodges reputation for
truthfulness, admitted one Of the
Hodges boys owed him money and
that he had heard a number of
persons say Hodges took "bribs
money"
w. G. Frazell, who said the rep
utation for truthfulness of Will
lie Webb and Quill Foster, who
testified for the Government, was
bad, admitted the two made liquor
on his farm "but left him out"
when it came to money.
The Washington times., 1935-05-31
4 CHILDREN DIE
FROM EATING
TOADSTOOLS

PINE RIVER, Mimi. May 81
1IN.SO.-Four children of j. D.
Young were dead today and a
fifth lay in a critical condition
at a local hospital as the result
of eating toadstools which the
hungry family had gathered on
o mushroom hunt.
While physicians we're trying
to save the life of Rosetta, IL,
funeral services were being
arranged for her four brothers
and sisters. The dead are Don
old, 10; Robert, 8; Verda, 6, and
Raymond, 4.
Their relief funds exhausted.
the family of IL resorted to eat
ing mushrooms and accidentally
picked up some poisonous toad
stools.
The Washington times., 1935-05-31

ROANOKE, Va, May 31.-In the
midst OF. a wholesale impeachment
of the reputation for truthfulness
of their witnesses, Federal prose
cutors yesterday turned the tables
on the twenty-three alleged
conspirators in the Frank
lin County rum case. by drawing
admissions from defense witnesses
that their expressed opinions were
based on the liquor activities Of
a number of persons, including
several defendants, who testified
for the Government.
Among the So witnesses called
The Washington times., 1935-05-31
SOUTH|SLOS|NG
NAZ| COTTON
TRADE

BERLIN 0.N.S) Despite con
tinued gold and foreign exchange
shortage and the United States
refusal to accept payments in
kind, Germany has overcome its
serious shortage of. raw cotton
which threatened her textile pro
duction last fall, by importing
large quantities from Brazil, Tur
key. Argentine and Peru.
The German statistical office
announced:
"AlI efforts to come to rea-
sOnabIe agreements with the
United States, formerly our
chief supplier of cotton, to &C.
cept German goods in payments
have proved in vain.
I'm autumn last year, our
cotton supply, therefore, looked
rather gloomy. Nevertheless, all
pessimists were wrong because
they underestimated Germany'S
economic and living power as
well as the interest of other
countries in trade with Ger.
many. The United States Of
America may be the biggest cot
ton producers Of the world, but
they are by no means the only
producers.
Brazil, which sold no cotton ia
Germany in the January-March
period of 1894, was its chief
source of supply in the same pc
riod of 1885.
The Washington times., 1935-05-31

NV FOODS are as vital to your
children as good bread. IhlS1s
why we make the new ~ s''1ar ~
Bread higher in energy !91e5 5a In
food value and easier to digest
than ordinary bread
It is best for your children 'E1 be.
oouse il S Baked for them! We'Say
t tS;s w;thouf hesitation, as the re-
sui. suit olive years painssaking WORK. OK
1888 formulas were teSteu' t A
77ss mothers were consulted "a
n new high standard-e1cluslve1Iy
our own-was set for every Slngle
;uaredient used in Wonder Breac'
H;,k is essential in children's
u,sa1s for its muscle-giving pro-
.a;ns and BODYBUILDING minerals
1 Parsuse we make this new Won !,
De- Bread for your children II
oe. , contains this extra goodness:
in far greater quantity than 0f0'
nary breads: ro. e.
There are "a kinds of -four 10
,,s to choose from: We use onl
the one that makes Wonder BfeS
The Washington times., 1935-05-31
C. E. Shelton, 81,
Dies in Virginia

C. E. Shelton, 80. salesman for
National Broadcasting Company,
died last night at his home in
Lyon Village, Va, of pneumonia.
Mr.. Shelton has been employed
by the National Broadcasting
Company for more than two
years. He is survived by his wife.
Interment will be in Greensboro,
N. c.
The Washington times., 1935-05-31
FIRE LASTS 3 HOURS

SILVER SPRING, Md. May
31-Volunteer firemen battled for
more than two hours tc control
fire which threatened to destroy
a three-story abandoned home on
Sligo Avenue. Fire Chief j..
Thomas Kennedy declared the
blaze to be incendiary.
The Washington times., 1935-05-31
County Tax Office
Stays Open Tonight

ARLINGTON COURT HOUSE,
Va, May 31.-The office OF the
Commissioner of Revenue will be
kept open until 9 o'clock tonight
to assist taxpayers in the prepa-
ration of their State income tax
returns. Today is the deadline
for filing returns before the
penalty is added.
The Washington times., 1935-05-31
DIT 1ur NEW WONDER BREAD COSTS YOU
~ No MORE Than ORDINARY LOAVES

uos+ for your children ;: 5 hour
2 F4aao Il he very heart Of the wheat
bel berry :: I: 3. highest in nou our anne;aI
and energy. And even TINS sP:Sa".
a aour is tested three separate times
before we use 1t:
Then slo.baking-our own
method-makes Wonder breHu
% nUen better for children; Actual
' saTsd Wond ttn:1 Bread is easier for
1;rt1e stomachs to digest than tast-
I hsLed bread. Thus your children
Get all the good from Wonoeh
Bread, quickly and easily
lust do this, please: serve tne
osw Wonder Bread for 80 days.
1t costs you nothing extra: s See 'G IL
yourself what real pensar rocer
brings your children. Your grocer
bas Wonder Bread in the new NJ:
air alright wrapper with the tamli'@'
red, yellow and blue Dall0OH''
zS&r~ss:s:4:9'*;:;:;:$:;?:;s::::::s::::s;s;s G
The Washington times., 1935-05-31

10 be deceived by defenders of the Wheeler utility
bill discourage protests from investors by saying that the
value of utility stocks cannot back Utility stocks
back They did 6ackvgorousld dozen gears The
average prices of and electric holding stocks
approximately the level the from 1918 to 1921
they recent months Yet by 1926bore the boom
perod-hee stocks had climbed to point four times high
they previously.
They have failed enjoy the made by stocks Of
industries during the last two years because of the attacks
from which utilities have suffered
Utilities excessively Their rates being forced down.
The Government building huge competitive projects and
is encouraging municipalities to build their electric plants
INVESTORS FACE COMPLETE RUIN
The damage to utility investments which has resulted would be COM
peted by passage the Wheeler utility BILL This bill
proposes abolish utility holding companies and to place about
81 of local electric companies under sitting political control Mill
lions of utility securities would lose chance of enjoy
ing rise the of their securities More than 100000 in
vestors in the Associated System alone would be affected
Utility securities have chance recovering much of their former
value the Wheeler bill similar legislation killed In
1884 electric customers numbered "a new high figure and
the domestic customer exceeded level of the past Eec
trca World estimates that encouraged instead Of crippled the
The Waterbury Democrat., 1935-05-22
new HAVEN ROAD
ALTERS SCHEDuL
No Local Trains AfIecte
BY New Time Table
Changes

Numerous timetable changl
effective this coming sunday wei
announced today BY the New Yor|
New Haven and Hartford Railros
company. None Of them. hcweve|
affect the trains running in an
out Of Waterbury. The chang,
are mostly on the New York Bo|
ton shore line, taking IN New I'D
ven, New, London and Providenc|
Changes were also announced Il
the New York Danbury- PittsfieI
line and the trains to New Canal
In keeping with the spirit of I'll
times, the New Haven road aid
announced. another improvement
In Its service to the public. Begii
ming on Sunday the Yankee Gil
per and Merchants Limited, tv|
crack trains of the company, wi
have their running time betwed
New York, Providence and Bostd
reduced IL minutes each wal
making the trip in four and on'
half hours between New York an
Boston. No changes in the leaj
ing times Of these two trains HAY
been adopted. These are both all
conditioned Pullman cars and pr}
vide the last word in comfortab|
and fast travel between the two d
ties.
In addition, the Senator, Il.
Washington Boston train via III
A. Z.
The Waterbury Democrat., 1935-05-22
HACEARTY PRAISED
BY MAYOR HAYES r.
Senate Deal Gave Water
bury Judgeship, His
Honor States

Severe criticism Of Governor
Wilbur L. Cross action in naming
many republicans to. state posts
was voiced last night by Lieuten-
ant-Governor Frank Hayes Of this
city in an address delivered at q
banquet in New Britain. He ver-
bally chastised the>goyernor for
sending in name after name of
republicans for positions which
democrats could fill as WELL" The
dinner was in honor OF the newly
appointed city officials Of New
Britain.
Connecticut at the present time
is in the hands Of the Legislature"
declared Lieutenant Governor
Hayes, also. He added that 1.-THE
state is stirred up, business is stir
red up and no one will know what
Is going to happen until two weeks
have passed when the session OF
the legislature must end"
Dryly Lieutenant Governor
Hayes remarked that there should
be constitutional amendment
providing for q session OF the leg
islature only once every ten years.
After attacking the governor on
his appointments, Lieutenant Gov
ernor Hayes paid tribute to Senator
William e. iHagearty OF New Bril-
tain who. voting. with the repub-
licans two years ago In the sem
ate, made It possible for a demo-
cratic Judge to be appointed in
waterbury. Mayor Hayes. referred
to the judgeship deal Of the 1898
session when Senator'S Hagearty.
Cornelius Shea Of Hartford and
Joseph p. Cooney of Hartford
swung over to the republican. side
OF the senate In the deal Judge
Edward Mascolo OF this city went
on the local city court bench.
The Waterbury Democrat., 1935-05-22
Bankers Want Control

The Alb. A. urges an open mar
ket committee Of a five-man Fed
eral Reserve Board plus four ro-
tating Federal Reserve bank gov
ernors, presumably. on the theory
that the banker members could
work comfortably with at least one
of the. board members and thus
exert control.
Eccles would have committee
Of Ave governors acting only in an
advisory capacity. ...s .
AS a trading point and to meet
the charge OF political control, y.
he would be willing to have the
secretary of the treasury and the
controller of the currency removed
from their present ex-officio posi-
tons on the board.
The argument against ''po.
Iitical control" is that an adj
ministration might make its 20.
litiCal fortunes the chief guild.
ing factor In the open market
committees operations.
It is also argued that the bill
confers power for imitation which
might be used recklessly.
To which administration forces
reply that Roosevelt--under the
Thomas amendment and other
MISUNDERSTANDING, has far more
powers to initiate hath he wants to
use, /
The Waterbury Democrat., 1935-05-22
Other Powers Granted

s Other provisions Of the admin
istration measure some Of which
also extend public controlinclude
establishment OF permanent insur-
ance of bank deposits up to $4,000,
approval of Reserve Bank govern
ors by the r. r. b., broadening Of
collateral requirements to extend
rediscount privileges to. all sound
assets approved by. F. lR. b., power
for the F. r. b. to approve long
term loans on real estate up to 6 0
per cent of value, raising salaries
OF board members from $4,000 to
$4,000 and-under an Ecles pro-
pOsal designed to increase the
boards independence - pensions
for board members. s
Although many question wheth-
er either private bankers of, a Fed
eral Reserve Board would have the
courage to put on the brakes In
case Of a speculative boom-and
that's a chief professed aim of the
Observation-Disclosures little ques-
ton that the legislation Congress
will pass will give the president
much. greater power over, banking.
Copyright, 1885, lNEA Service, Inc.
NEXT: The Wagner labor dis
DuteS bill, e.y
The Waterbury Democrat., 1935-05-22
AMERICAN PRIEST
HELD BY BANDITS
Father Bush in Custody of
Chinese Communists;
Fate in Doubt

New York City-A cable just
received from Msgr. Francis *.
Ford, Project Apostolic. In Kaying.
South China, confirms report re-
ceived last week at the National
office Of. Catholic Missions that
Father Henry Bush, an American
Maryknoll missioner, whose home
is in Medford, Massachusetts. Is
being held by bandits there. From
the state Department at Washing
ton, d. c., word has come that all
Garrison commanders OF the region
have been ordered by the Chinese
Government to search-for Father
Bush. A G..
Since 1920, 500 Catholic mission
ers have been taken In China by
bandits or Communities, and 40
others have been murdered. 3sof
whom were American Passionist
priests. Father Cyprian Bravo. q
Spanish Dominican missioner. has
just been released by the Commu-
nists, after being hel . captive by
them for 13 months IN Kukien. No
word has ben heard for more than
q year OF Father James Anselmo.
an Italian vincentian missioner.
missing since December 1888. Fa-
Their Joachim ManriQue, spanish
Jesuit missioner at Anking. AM
hwei, was recently murdered by
Communists.
while Catholic authorities are
naturally concerned. Il is pointed
out that these losses are .compara-
flVafv ANAL IN vfeW Of the vnafneH0
and varying conditions OF China.
There are over 5000 Catholic
foreign uiiasioners throughout
China and not more than 3.0o0 OF
these have ever been molested by
bandits. In practically every IN
stance. these losses are due 20 To-
eel banditry IN remote sections Of
China. which have caused consider
nbic concern 20 the Chinese gov
eminent as we'll r1g