davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-02-26

Again, many financial institutions as trust companies
and banks required by law limit their investments to
Hoover testified in favor of changing the California require
ments so that certain university could invest its funds
wise than in bonds.
Such institutions the chief buyers of government debt
They have to buy it!
Then there is the "quidy" idea financial institution
such as bank which must keep liquid" will buy Govern
ment debt regardless of yield long such paper
quickly and readily sold in large amounts.
This reminds that the Federal Government can and
does support the market for its bonds It can use
the ablizaon fund" derived from its partial reputation
of its gold bonds certificates and note for that purpose
In my judgment however the fundamental reason for the
maintenance Of high prices for high grade bonds lies
the huge amount of idle funds and the abnormay low
terest rates which exist These funds are not in the
money but are credit large part of this credit
represents Government debt hoated with the aid of the
banks.
price Of bond figured You take the fixed annual in
erest pays and captaze it the current interest rate
the bond be worth $125O $3.50 per of $125O)
But if the interest rate per cent the bond worth
. $1666 $3.50 is 3 per cent $1,666).
The government by its easy money! policy and financial
Operations has forced money that Government
bonds can be sold at high prices which low yields
. This affects all similar bonds.
Another point that the initiation which exists
today largely POTENTIAL initiation Prices sharply
the amount of devauation The banks have huge
but business taking credit in the
way of loans The Government holds huge metallic
but the potential billions currency won't circulate
Political uncertainty holds initiation in check
Thus commodity prices have not risen much in recent
months and the relatively small demand business credit
allows continued low money rates"
High grade bonds will probably remain high in price and
dow in yield long this condition exists They will
decline much until commodity prices begin sustained
and rates tighten Neither of these developments
likely to occur in the future.
As long the present Administration goes borrowing
and spending it will continue to "use' the banks the
means OF floating its debt and will try to keep money rates
down and bond prices up
The important thing to watch therefore, is the Govern
ment fiscal policy l. There is likely be final peak in
the stock market until high grade bonds have shown
sustained decline High grade bonds likely show
decline until commodity prices show sustained upward
trend and rates begin to rise
The Washington times., 1936-02-26

% ~ TelautoEraph Geo). SO 50 S5S+
Continued on Next Page)
The Washington times., 1936-02-26

The important thing to watch therefore, the Govern
ment fiscal policy l. There is likely be final peak
the stock market until high grade bonds have shown
sustained decline High grade bonds likely show
decline until commodity prices show sustained upward
trend, and money rates begin to rise.
The Washington times., 1936-02-26

In the first place, good many people still
deny that we are going to have initiation. In
the second place, very many people think that
any initiation we may have will be "just
credit initiation" and will be controlled"
Such people may be holding bonds.
Many Government bonds are tax exempt
AT time like this, when taxes are very high
and certain to get higher, wealthy persons
and institutions have a strong incentive to
hold tax-exempt bonds even if they pay little
or no interest. This is a strong reason.
The Washington times., 1936-02-26
Washington Stocks

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The Washington times., 1936-02-26
NH0 Huge Idle Funds and Low In
n. terest Rates Main Reason for
AA& ~ - - . Strength Of High Grade Bonds
By LEWIS HANEY


am asked by reader in Beverly Hills Cal why fixed in
come bonds Federal State and municipal with their low
teest rates. selling high in view of all the initiation talk
There many reasons for this interesting Maunmm
The Washington times., 1936-02-26

Volume This Year
12O,307 ,09S Shares
Net
aiSh Low i9;H cA'Es
Evening star., 1936-03-22

opinion may not be justified, but its
widespread prevalence cannot be
questioned.
A burning fiery cross or an anony-
NOUS letter or telephone call of warn
ing, In the name of the Klan, precedes
such outrages. A speeding parade Of
automobiles, with honking horns, is
the customary notification to the pub
lie that a Job" has been carried out
and that battered or lifeless body
may be found when daylight comes.
Anybody, without even being Klans-
man, can voice an anonymous threat
and use the. Klan name, giving an ap-
pearance of Khan approval to a deed
of violence and increasing the popular
fear of the organization. OF course,
Evening star., 1936-03-22

their character changes with time.
The official investigation preceding
this trial indicated that specific Kian
lodges are so permeated with spirit
of lawlessness that acts of violence.
under the cloak of.morality, are con-
sidered o good membership campaign.
It is not long, with such recruiting, be-.
fore the membership is able to supply
travelling wrecking crews Of fioggers
for hire and to create the impression
that the torture Of victims is q Khan
activity.
II organized the Khan lodge in our
city and we took in the best citizens
the mayor, judges. clergymen, leading
merchants and such men," one man
told me. I'VE adhered to the ideals
of the organization and were distinct
help to the community and its needy.
Then the men of affairs became less
regular in their attendance. The ele-
ment which wanted to put over rough
stuff was always there, eventually got
control and the others dropped out.
The lodge became commercialized.
Will AfGxAbGkc avs O~
violence under the guise OF Klan
activities"
The most damning indictment Of all
Is that paralysis of public ofhcials,
sworn to punish the perpetrators OF
such deeds. which Is o conspicuous
accompaniment of many crimes. The
public gives the same explanation, 1T
was a Klan job and the ofiicials are
Klansmen," TO-: the perfunctory inves-
legations and the absence of arrests.
Officials Deny Membership.
This popular opinion is so well rec
ognized that Tampa aldermen, inves-
tigating the fioggings for which Klans-
men have been indicted, publicly an
nounced they were not Klansmen to
allay any apprehensions that their re-
port would be whitewash.
Hidden Klan influence is said to
have been demonstrated by officers
prosecuting the Shoemaker case. Hills
borough County and Tampa police
officers went to Orlando, 100 miles
northeast, with warrants and brought
back the three Orlando Klansmen who
now are awaiting trial. A fourth man,
James Everett, could not be located
that day and they delegated his arrest
to the Orlando chief of detectives
though considering all Orlando and
Orange County officers to be Klans-
men.
A few days later message was re-
ceived explaining that Everett hac
gone to bis mothers home near Tenille
Evening star., 1936-03-22
40,ODO,0DO TREES
WILL Be PLANTED
Large-ScaIe Work on Fed.
eral Shelter Belt to Start
This Spring.
BY the Associated Press.

BY the Associated Press.
ST. PAUL, March 2l.-Oficials Of
the Federal shelter belt project today
neared the first large-scale planting Of
a tree barrier planned to extend from
North Dakota to the Texas Panhandle.
Forty million seedlings will be planted
this Spring, DR.. Raphael Zon, director
of the Lake States forest experiment
station of the United States Forest
Service, said. The stock, he added.
was grown last Summer on land leased
from 20 commercial nurseries.
Entering its second year, the project
seeks to provide a l0-mile-wide swath
Of trees through the prairie plains Of
the Middle West. The States included
are North and South Dakota, Ne
braska, Kansas. Oklahoma and Texas,
all sufferers in the duststorms since
1894.
DR.. zon, leader of the experimental
and planning phases of the program,
spoke optimistically of the tree belt,
first envisoned by President Roosevelt
in 1894. Duststorms from the drought
blighted West that year swept over
virtually the entire eastern half OF the
United States.
Negotiations, all on an entirely
voluntary basis, have been completed
for the last Of more than 1.400 miles
of the strip land for shelter belt plant
ing" the forest expert said. "As the
purposes of the project are becoming
better understood it is gaining in pop
ular support"
The Forest Service already has
planted approximately 5,50o,o00 trees
on more than 1900 farms in six
States.
DR.. zon asserted the farmer now
was convinced of the desirability Of
the shelter belt and said he believed
that "by the end of five years the
trees will have reached sufi1cient
height to afford some degree of ef-
fectiveness in retarding surface wind
movement and obstructing drifting
snow and soil"
Evening star., 1936-03-22

officers and reputable members of the
order indignantly deny that the Klan
is responsible for. or even counten-
ances, such methods.
Khan Chief Denied Crime.
When the flogging which brought
death to Joseph A. Shoemaker was at
tracing national attention, DR.. Hiram
w. Evans, D. D. S.. imperial wizard Of
the knights of the Ku Klux Klan, was
quoted in Atlanta December l9 as de-
claring that the Khan was not involved
in it.
In February Capt. George Garcia,
grand dragon and the highest Klan
officer in Florida, came from Jackson
vile to Tampa and temporarily sus-
pended the charter Of Liberty Klan,
Evening star., 1936-03-22

come, indicating it was the outgrowth
of a condition which has existed for
years.
Evening star., 1936-03-22
Floggings.
Continued From First Page.)

come, indicating it was the outgrowth
of a condition which has existed for
years.
Motives Rooted in Politics.
While motives vary in particular
cases, these acts Of violence have GER
tain features in common in their bold
defiance Of established law and de-
cency, in the completely, or complai-
sance, of some city and county law Of
ficers and in the popular opinion that
members of the Ku Klux Klan have
been involved. Some are instigated by
political rivalries, many are aimed to
disrupt labor organizations, others are
on the pretext Of moral righteousness
and some seem to satisfy personal
grudges.
A considerable portion Of Florida
citizens holds that any one suspected
Of communism, nudism, radicalism or
various minor "isms" is outside the
pale of the law and its protection. A
vastly larger number of citizens live
in haunting fear, never knowing where
the terror will strike next, with loaded
weapons always within reach, and 1t
is only after their confidence has been
obtained that they will affirm. in
hushed voices that most of these blood
vengeances are inflicted under the
cloak of the Ku Klux Klan. Their
Evening star., 1936-03-22


Ca, midway between Macon and
Augusta. The warrant and four sue
cessive letters asking that he be ar
rested were sent to the sheriff. Of
Washington County, Ga, who did not
reply to any Of them.
Georgia, national headquarters for
the Klan. is looked on as the orders
greatest stronghold by those who are
mindful Of votes in elections. Florida
and Alabama are placed next on the
List. This year has presidential cleo
tion. and the continuous drive for new
Khan members has been intensified to
make the order an even greater in
huence in national and party affairs.
(Copyrisht. 1885. by the North American
Newspaper Alliance, Inc.)
Evening star., 1936-03-22

No. Z. An internal investigation Is
now going on to determine II any Of
its members participated in or had
previous knowledge of the crime. A
high officer of the organization says
the charter may not be restored, GER
tainly not with any members who are
found to have participated in the
crime.
II has been officially stated that
some Of the indicted men are Klans-
men. It remains to be seen whether
the outcome of the Klan's own inves-
tigation is made public to dispel the
popular impression that the Khan
throws the mantle Of secrecy and
respectability over all acts by its
members.
Khan Is Super -Secretive.
The Ku Klux Khan Is a super-secret
organization. Unlike other fraterni-
ties, its name does not appear in city
or telephone directories and is not
displayed over any klaverns, or lodge
halls. Also, one of its fundamental
but secret purposes is to exercise a
dominant influence in public affairs
and in the private lives of others,
nationally or in the smallest COM
munity where 1t Is active. It no longer
publicly parades, or performs such
deeds as it decides are for the good
Of the community In white robes and
hooded masks. A niember-except for
the woman's auxiliary, which has q
finger ring with the letters *. w. l."
(Klansman's Woman I Am)-wears
no button or other insignia. If he
decides it advisable-for instance, II
asked in court or by an inquisitive
Stranger-he can mentally cancel his
membership, truthfully answer that
he is not a Klansman and mentally
reinstate himself as a member when
the emergency passes.
The Klan's influence in the public
affairs Of some communities, its ex-
treme secrecy and underground bond
OF brotherhood give men Of a certain
type a sense of hidden importance
and power. Discarding of the regalia
| in public also permits individual
klansmen, and non-members as well,
to commit any acts they please and
let the Ku Klux Klan take any blame
or credit which may follow. In vari-
| GUS acts of violence, well-known men,
bers Of the Klan have been pointed out
as participating. That does not make
the Klan directly responsible as an
organization, but involves 1t indi-
rectly as long as its membership rolls
| contain such characters
Individual Klan lodge differ and
Evening star., 1936-03-22
BALLOU WILL ADDRESS
JOHN @. ADAMS PIT. A.
Character Education Experiment
to Be Topic of Talk Tuesday
in School Auditorium.

Or. Frank w. Ballou, superintendent
Of schools, will address the John
Quincy Adams Parent-Teacher Asso-
citation on THE Character Education
Experiment" in the school auditorium
at 8 pm. Tuesday.
DR.. Ballou will explain the work
that has been carried on for the
last two years in eight public schools
and the situation faced at present by
elimination of the appropriation for
the experiment by the House District
APPROXIMATIONS Subcommittee.
A musical program will be presented
by Mrs. Edwin Ely and Mrs. Felix
EurwitZ.
The association also announced a
series of studies Of the control and
management of children. under the
direction of Mrs. o. w. Reading. They
will be held at 1:l5 pm. on March rs
and 80 and April 2.
Evening star., 1936-03-22
$685. ----l==
BANK ROBBERS HUNT
SPREADS INTO JERSEY
$s, 900 Taken by Thugs Who Held
Up National Bank ut
Manuel, N. p.
By the Associated Press.

BY the Associated Fress.
MANUEL, N. Y, March 2l.-Four
bank robbers who ran the gantlet
Of several hundred police and escaped
with nearly $4,000 loot by holding two
sisters as kidnapped hostages In two
stolen automobiles were hunted today
by Federal agents.
The bandits, who held up the
Manuel National Bank yesterday after
noon and shot a motorist in the legs
as one. Of the rapid fire episodes Of
their flight, were sought in New York
City, Newark and nearby New Jersey
cities. y"
Evening star., 1936-03-22
POPE TO ENTER ROME

VATICAN CITY, March 21 R.-
Vatican prelates said tonight Pope
Plus plans to leave the Vatican May
IL to inaugurate the new administra-
ton building of the Vatican, called
the palace Of Congregations" situ-
ated In the old section of Rome.
Except for visits to his Summer resi-
dence at Castel Gandalfo, 20 miles
from the Vatican, the Pope has not
left Vatican City and entered Rome
since 1888, when he visited the Lateran
as a holy year pilgrim.
Evening star., 1936-04-28

house and flashed lights through the
lower windows, but said they did not
go inside because both doors we're
locked.
Will Question Girl Again.
In view of Clark's story and the
girls statement that her abductors
used no lights, Sheriff Adrian planned
to question her again in an effort to
clear up the seeming discrepancy.
He said the lights seen by Clark and
Barton must have been made shortly
after the girl had been taken to the
cottage.
Commonwealth Attorney Harrison
made a personal investigation of the
case. and it was reported he was dis
satisfied with several angles of the
stories told him.
Authorities asked the girls father,
H. S. Utterback, why she did not
force the twine binding her wrists
and free herself or undo the knot
with her teeth. He replied she was
too scared" The same reason was
given to explain her failure to make
some noise that might have attracted
the attention of Searchers when they
finally went to the cottage.
The sheriff also is endeavoring to
find the owner of buff or yellow
coupe seen on several occasions in
the vicinity of the vacant house dur
ing the last two or three weeks by
Mrs Frank Arnett, who lives nearby.
Mrs. Arnett said she looked out of
her window about pm. Saturday
and saw the coupe turn off the main
road and stop before the vacant
house She said she paid little atter-
ton to the car at the time, since
the lane leading to the cottage is
frequented by young people in that
section.
Friends Investigated.
The investigators were endeavoring
to learn whether Miss Utterback may
have had men friends with whom her
parents were not acquainted. They
permitted her few dates, it was said.
although she had been visited several
times by young man living in VIM
chester. This man was seen in Hamil-
ton with another girl Saturday night.
Local police have found several
fingerprints on a half-gallon glass
water jar which Miss Utterback said
was left with her by the men.
Inspector B. W. Thompson, chief
of detectives, said the prints would be
filed here and comparisons made with
those of any suspects who might be
brought in by the Virginia authori-
ties.
Evening star., 1936-04-28
BUILDING REVIVAL
DECLARED ON WAY
Mcdonald Cites Residence Con.
struction Gains in Last
Two Months.

BY the Associated Press.
Stewart Mcdonald, Federal Housing
administrator, said today that the
long-expected comeback in the build
ing industry lis under way"
He cited residential construction
gains during the last two months
ranging up to 900 per cent over the
same period a year ago, and said
figures "substantiate earlier estimates
OF an increased volume of home build
ing, evenly distributed over all sections
of the country"
Mcdonald earlier had estimated that
250,000 homes would be built this year.
Today he said the building movement
now overshadows any single recovery
movement in the country"
Cities which have had little or no
building in recent years are reporting
remarkable totals in new homes
The administrator said "exceptionar'
residential construction gains during
February and March over the same
period a year ago included:
Baltimore and Cleveland. 600 per
cent; Oklahoma City and Long Beach.
Calf, 400 per cent: Detroit, $50 per
cent; Houston, Tex, Miami and Glen
dale, Calf, 800; Seattle, 275. Los
Angeles and Portland, Greg, $50: Chi
cago and Philadelphia, 200.
Evening star., 1936-04-28
Effort to Pin Dog Food Charge
To NeU Deal AssaiIed IN Senate

not canned food-it is canned
speeches"
Dickinson then declared:
Destroying millions of hogs forced
millions Of people to go hungry. As
the logical. the inevitable consequence
OF this deliberate and wicked waste.
for the first time we have Americans
living on food unfit for even dogs to
eat.
America had its embalmed beef
scandal in the days of the Spanish
American War. There was the Jungle
of 1906. But never before has there
been a situation parallel to that now
revealed"
The Iowan said the annual produc-
ton of canned dog food had been
estimated at 500 100000 cans, with 20
per cent of the output consumed by
human beings and "heavy demand"
for it among the poor.
Byrnes declared Dickinson had made
his speech without exhibits, saying:
mo more serious issue could be pre-
sented to the country. He forgot to
bring the dog food"
The Iowan replied that he had it in
his Office.
Evening star., 1936-04-28

tCO0tlnued from F1rSL FdS6.b
could not be prepared to offer any
substitute proposals.
A billion dollar substitute for the
tax bill was being drafted meanwhile
by Senator King of Utah, Democratic
member Of the Senate France Com
mittee.
A critic of the Roosevelt program
for revising corporation taxes. King
would substitute for it a bill designed
the rates in the present income and
corporation tax structures.
Yesterday saw a brisk battle in the
house. For example, Representative
Smell, Republican. of New York, the
minority leader, opposed what he called
new taxes on our people to further
encourage this shameful extravaganza
of political boondoggling" while
Representative Fuller, Democrat, Of
Arkansas, replied that criticism of the
bill "is the same old story Of in
trenched wealth seeking to avoid tax
alton"
Last night Republicans in the House
decided to concentrate their opposi-
tion to the bill in virtual mass vote
against it when the roll call comes
No organized effort to amend it Is
planned.
About SIS Republicans discussed the
bill in two-hour conference, after
which Representative Smell said:
"The only real effective opposition
is to vote against the bill. It is prac-
tically. the only way we can express
ourselves under present conditions
We should be foolish to think we could
defeat the bill with the administration
behind it and a 200 majority on the
other side"
In the Senate, several proposals
have been discussed by members of
the Finance Committee as alternatives
to the tax plan. Senator Kings
was the first, however, to reach the
drafting stage.
Even as his plan was being writ
ten, though, some of the original
criticism of the administration bill
within the Senate Committee was
melting away. It disappeared be-
cause Of Treasury assurances that
the measure would raise the $780,
100000 of new revenue which its
supporters had claimed.
Approval Held Likely.
Members of the committee BEGIN
ming to predict the controversial
proposal for revising corporation taxes
would be approved by the committee
without substantial change
Kings proposal would raise the bill
lion dollars by cutting down personal
Evening star., 1936-04-28
M0RGUE RELEASES
BODY OF EMANUELE

The body of Frank Emanuele. "a,
who leaped from the new Calvert
Street Bridge yesterday because he
feared he was losing his mind, was re-
leased to an undertaken by the District
Morgue today, after Coroner A. Ma
gruder Macdonald had issued a Ger
tificate of suicide.
Meanwhile, his wife and three small
daughters were grief stricken over his
death.
The 34-year- BARRIERS body was
found near the curb of the lower park
driveway about am. by a passing
motorist. In the dead mans pockets
was a note to his wife, Mrs Louisa
Emanuele. telling how he feared in
sanity and finally was driven in des-
peration to END his life.
Emanuele asked that his funeral ex-
penses be kept down and pleaded for
forgiveness The note. written In
Italian. was translated for police by
an employe of the State Department.
Emanuele, who operated barber
shop at 1926 Wisconsin avenue. next
door to his home, had suffered finan-
cial reverses since opening another
shop, police were told.