davidaulloa/AmericanStories huggingface dataset:
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30

tola, Miss Anna Mattila, Miss. Bertha
Palo,
Mrs. E. Makipaha, Mrs. A. Tolonen,
Mrs. j. Hyvarinen, Mrs. j. Roiko, Mrs.
E. Nikkinen, Mrs. Olga Niemi, Mrs.
Elias Nilsson, Mrs Otto Ranta, Mrs. j.
Rosted, Mrs. H. Kittila, Mrs. William
Kouppala, Mrs. VIM. Palmgard, Mrs.
H. Pohjonen, Mrs. Adolf Janeksela,
Mrs. j. Annala, Mrs. John Thompson,
Mrs. Matt Luoman-Maki, Mrs. Onni
Porthan, Mrs. John Turula Mrs. Matt
Peramaki, Mrs. Kalle Hendrickson, Mrs.
Gust Enquist, Mrs. H. Hakkala, Mrs.
Matt Laitala, Mrs. Mikko Laitala, Mrs.
H. Metsapelto and Mrs. Nels Jarvi.
Hot-Dog Stand Committee-Mrs
Henry Ranta, chairman; William
Lepisto, Jalmer Hakkila and Leander
Ullakko.
Mattresses at Hot-Dog Stand-Mrs. A.
Matilda, chairman; Mrs. M Herranen,
Mrs. VIM. Peramaki, Mrs. Ina Starkman.
Mrs. L. Ullakko, Mrs. VIM. Anderson,
Mrs. E. Buskala, Mrs. Jack Maxi, Mrs.
Heinz Helpakka, Mrs. Jalmer Koski,
Mrs o. Hokkanen, Mrs Robert Koski,
Mrs. Sauna B. Johnson, Mrs. Maria F..
Maenpaa, Mrs. Lempi Koivunen and
Mrs j. Riikola.
Finance Committee Gust A. Maxi
chairman; William Anderson and John
U. Kangas.
Ticket Committee Theodore Luh-
tanen, chairman; H. Hendrickson. Mrs.
He'll Hakko, Miss Helena Roiko. Nels
Jarvi, Gust Helpakka, Mrs. Siiri Luh-
tanen, H. Kittila, Mrs. Emil Norby, Matt
Koivisto, Miss Tyne Kauppi, Toivo
Lepisto, Miss Alma Makela, Helmer
Lepisto, Miss Linda M Laitala, Mrs.
Jalmer Kayute and Emil Buskala.
Ticket Collectors-MrS. Emil Forsman,
Mrs. Henry Hendrickson and Mrs. Emil
Mustonen
Advertising Committee-A. Matilda.
chairman; A. Saari, John Palmgard
Mrs. Ida Erickson, Mrs. Paul Martin,
Mrs. William Mills, Andrew Luhtanen
and John Sorjanen.
Program Committee-John E. Por-
than, chairman; Mrs Anna Leino, Mrs.
Sonia Maxi, Mrs. Lydia Indy, Mrs.
Victor j. Thompson and A. Matilda
Concert Committee-William Mills.
chairman; Mrs. H Koivumaki, Charles
Anderson, Mrs. Charles Anderson, Mrs
Otto Sarkipato, Toimi Lepisto, Oscar
Hakko and Charles LasSi
Traffic Committee-Oscar Kauppi.
chairman; Anselm Skantz, Charles
Erickson and Henry Metsapelto.
Sports Committee-Matt. Luhtanen.
chairman; Elmo Lepisto, Eugene M.
Laitala, Emil Forsman. Paul Martin,
John Lntula and Emil Kantola.
Dance ommittee-Hugo Klemola.
chairman, Lauri Luhtanen, Robert w.
Maxi, Juno Kauppi, John NJ Maxi and
Arth Janeksela.
Buildings and Grounds Committee
Nick Alfalfa, chairman; Jacob Maxi, r.
Jarvi, Gust Peramaki, Emil Leino, Gust
Ola, Salmon Virtanen, Matt Peramaki
Victor Woutin-Maki, Anti Nikkola.
Henry Laakko and Matt Franti.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
ELY COM. CLUB
Continued From Page One

keeping the party in good humor
Brief addresses were made by the
outgoing president, Ben s. Richards,
who spoke on cooperation; the new
president, j. A. Rothman, who thanked
the club for the honors conferred on
him and Ray Hoefler, secretary, who
gave the impressive list of achievements
for the year under the presidency Of
Mr.. Richards
Visitors introduced were Secretary
Jerry Pratt Of the Duluth Chamber of
Commerce; S. K. Duff, in charge of the
safety campaign for the Duluth Club;
c. G. Vandsrpoel secretary of the Vir-
GINA Chamber; Gus Carlson, C. A.
johnson, Walter AronSon, A. c. Ander-
son, and Dr. Schafer of Tower; Lieut..
Blore and Lieut. Lahti, commanders of
CCC camps on the Ely-Buyck and Ely
Finland roads; MeSsrs Jacobs and
Adams of the u. S. Forest Service in
this city; the Rev. Father Durkin of
Gilbert, and several others whose names
could not be aScertained.
During the dinner Johnny Smrekar
and His Band played and later in the
evening played for the dance that fol-
lowed the banquet. Floyd Dunstan and
Lloyd Carlson played cornet and
trombone duet; John Skube sang two
fine baritone solos in which he was ac-
companied by Mrs. E. w. Hanson at
| the piano, and the Harmonica TwiSters
played several numbers. The Twisters
had just returned from Duluth where
they appeared as entries in the addition
to- select a candidate to represent Du-
luth at the New Year program Of Major
Bowes next Sunday honoring Duluth.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
"Key Rings" of Roman Times

The key rings" of the Roman times
were interesting on account of their
symbolism. Made Of various materi-
ais, such as gold, silver, ivory, or even
of iron, they were surmounted by a
small key, in token that the husband
handed over to his wife the keys of
the home on their wedding day. II
give thee the keys of my house and
my honor" Some Saxon rings bore
the same device, and the Saxon father
used much the same wording, saying
to his son-in-law: 81 give thee my
daughter to be thy honor and thy wife,
and to keep thy keys" This idea all
fits in with the chatelaine, who always
carried the keys of the household at
her girdle.-Answers Magazine.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
PiOneer-SaUOy PIT. A.
To Meet WedneSdau.

The next meeting of the Pioneer
Savoy PIT. A. will be held on We'd
nesday next at the Pioneer School. This
meeting will be held week earlier
than the schedule, the regular meeting
falling on school holiday, February
IL.
Founders Day will be observed and a
silver offering will be taken at the
meeting besides program will be rem
dered. The program is given as fol-
lows:
Talk on Founders Day, by Mrs. C.
w. Smith.
Reading, THE Child" by Mrs A. w.
Nelson.
Group singing will follow and refresh
ments will be served. Mrs. R. Svetich
is chairman of the lunch committee.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Eruption of Krakatoa

! In the summer of 1888 an eruption
occurred Oh the small volcanic island
of Krakatoa in the Sunda strait,
whose effects were far-reaehing. The
finer particles of the volcanic dust
attaining the higher layers of the at
mosphere were diffused over a large
part of the surface of the earth. With
in the tropics they were borne along by
air currents at rate of % miles an
hour from east to west until within q
period of six weeks they were diff
fused over nearly the whole space be-
tween ATTITUDES 80 degrees north and
As degrees south. Eventually they
spread northward and southwark and
were carried ever North and South
America, Europe. Asia, South Africa
and Australia. 1t was reported at the
time that ashes fell on the decks Of
vessels at sea many miles distant from
the source of the eruption.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Oldest Game

The oldest game played in the United
States, or on the entire North Amer
lean continent for that matter, is la
crosse. The name was given by French
colonists in Canada to the intertribal
Indian sport of baggataway, once q
favorite sport of the Iroquois. The
game, which antedates the discovery
of the New world. was played with a
fury second only to the Indian temper
in battle, and there were frequent
casualties. French and English set
tiers adopted the game and formalized
it as sport. The present game, which
is the recognized summer sport In Cam
ada, bears only slight resemblance to
baggataway, but it remains one Of
the most strenuous sports of any race.
Many people, In fact, claim 1t is more
exciting and interesting game than
baseball and many leading colleges in
the United States have adopted it a.
a spring sport.-Washington Post.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
"GiUe Me Credit" by
Dramatic Art Club.

Arrangements are complete for the
High School presentation of Give Me
Credit" on Thursday evening, February
9th at the Washington auditorium.
The sale of tickets for the event is
going forward at a rapid rate under
the business management of David
Childers. Myrna Maxi is stage manager
and Margaret Hanson has charge of
properties.
The play is being directed by Miss
Mama Forbes, dramatic director of the
Ely schools. Those participating have
their lines perfect and promise rem
dition well worth seeing. The cast is
made up of the following parts and
actors.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Smallest Isolated Group
Resides on Midway Island

Perhaps the smallest isolated group
of people living under the American
flag are the Inhabitants of Midway is
land. Midway, marking almost the ex-
treme western end of the Hawaiian
archipelago, is 1900 miles from Homo
lulu. It's inhabitants number less than
two dozen and their business is oper-
alton of repeater" station for the
cable between the United States and
Asia. Here messages that are flashed
under the Pacific have to be stepped
up" in power.
When the station was established
Midway's shifting sands between the
coral reefs seemed an insecure foot
ing for a cable station. Shrubs and
trees had to be planted to bind the
sand together. Now the dazzling white
sand is covered with dense thicket.
The cable buildings, living quarters
and windmills are surrounded by
lawns, hedges and flowers. The in
habitants amuse themselves with ten
mis-, golf, fishing, swimming and sail
ing. There are no automobiles, traffic
cops, skyscrapers. smokestacks. sub
ways or hurdygurdies.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
E Imminent Archeologist to
Lecture at Local Church
Dr. Arthur Carl Pepkorn Chisholm Author and Member of
Archaeological Expeditions be Presented by
Luther League Monday.

DR.. Arthur Carl Piepkorn, pastor OF
the English Lutheran Church of Divine
Grace in Chisholm, will speak at the
meeting of the Luther League OF the
First Evangelical Lutheran church next
Monday evening. He will lecture on
archaeological excavations and dis
coverieS in the Holy Land.
DR.. Piepkorn is eminently qualified
by Research and experience to speak
on this subject He was member OF
the Joint expedition of the American
Schools of Oriental Research and the
University of Pennsylvania in Iraq and
Of the University of Chicago'S Oriental
Institute Expedition in Palestine.
DR.. Piepkorn is also the author OF
The Prism Inscriptions of AShurpani-
pal" published by the University OF
Chicago Press. He has been pastor Of
the English Lutheran church in CHS
holm since 1888. He is the regular
speaker of the Parish Church Of the Air
over WING every Sunday afternoon at
4 o'clock
The public is cordially invited to at
tend this meeting to hear this interest
ing and instructive lecture.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
BY L. T. WHITE
Highway Safety Expert

LAVE you ever felt drowsy when
you were driving? Have you
suddenly realized that for some Sec
onds you had been driving while
you were virtually asleep? Have
you had accidents-and lived to
tell the tale-because car sickness
or sudden headache had impaired
your judgment or sense of dis
lance?
You probably passed this off as
a case of sleepiness. but you were
flirting with death-a death that
strikes with lightning speed through
a gas that is odorless, colorless,
tasteless-carbon monoxide!
Yes, the same carbon monoxide
that brings death when motorists
warm up motors within closed gar
ages can strike while you are drlv-
ing with millions of cubic feet OF
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30

fresh air around you! For tests
show that poorly adjusted motors
discharge large quantities of I'M
burned and partially burned gases.
These mechanical defects allow
the gas to seep into the automobile
compartment, where the driver is
quickly affected. The high percent
sge of such danger is shown by
Connecticut survey made last year,
when several thousand cars were
stopped on the road and tested.
Measurable quantities of carbon
monoxide were found in half of
them.
In order that your life may not
be one of the thousands snuffed
out as the result of carbon monox-
ide, science has developed the Pow
er Proven. a device to detect vast
ed and unburned fuel found in the
exhaust of a motor. Proper adjust
ments can then be made to elimi-
nate this deadly danger
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Nails as Omeny

This is the prophecy" concerning
the cutting of fnger-nails: "Cut them
on Monday, cut them for news; cut
them on Tuesday, pair of new shoes
cut them on Wednesday, cut them for
health; cut them on Thursday, cut
them for wealth; cut them on Friday,
cut them for woe; cut them on Satur-
day, journey to go."-Answers Maya
zine.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30

with lace trimmings and train, tulle
veil and carried a boquet of white
roses. The bridesmaid wore a peacock
green, ankle-length gown and carried
a boquet Of pink carnations.
Following the o'clock ceremony
breakfast was served at the home of the
groom'S parents. That evening a we'd
ding dinner with reception followed at
which dancing to the music furnished
by Frank Kromar was the feature. A
large number of friends and relatives
of the couple attended
The happy couple have the well
wishes of host of friends. They will
make their home in this city.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Ruthenians of Eurone

The Ruthenians are a Slavonic peo-
pie lnhabiting eastern Galicia. Buko-
wilma and the neighboring districts of
hungary. One of the divisions of
Czechoslovakia is also known as Ruth
enla. These people are not of Jewish
race or descent but are very closely
related to the Ukrainians.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Cruciix Tattooed on Face

This modern world still possesses
Christian men who wear crucifix tat
tooed on their face, such as the Chuk-
chi of northeastern Siberia, and 9TH
ers who daily use the old Biblical sal
-utation of kissing each other on both
cheeks, such as the Bedouins of Syria
and Arabia.-Collier's Weekly.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Strenuous Pilgrimage

rick, the high altar of the Irish nation,
Is considered the most strenuous pill
grimage in the world, it is generally
agreed that the views from the top
are so superb that the visitor. as well
as the pilgrim, feels that the journey
Is worth the effort.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
Borrowing and Repayinp Pla1

The borrowing and repaying plan
in subtraction In which the one that
is borrowed is added to the next fig
ure was used by Fibonacci as early
as 1902 and was probably inherited
from the eastern Arabs
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
jim. SANTO dies
Continued From Page One0

which took them to GAINESVILLE for
burial.
Pail bearers were Thomas Murn, E.
w. Hanson, H. E. Berg, Edward Buckley,
M. j. Fleming and Frank DiNino.
The surviving relatives have a host
of friends who extend their deepest
sympathy.
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
FESTIVAL

Continued From Page One)
The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1936-01-30
CUPID BUSY

Continued From Page one0
The Washington times., 1936-05-09

appoint the audience in this way.
"No,' he says, because show that Peggy ONeale
does all for patriotism We glorfy that quality in her
I also ask Joan about the situation.
ut has to be that way" she says 1--WE can't change his
tory, wet"
resist quoting few examples Maybe Hollywood IS de-
Neloping conscience.
After doing plenty Of suffering in her time Bar
bara Stanwyck is playing light comedy in Marry the Girl
over at RKO-Radio
ntrude the privacy Of her soundstage bedroom this
week to watch her act an intimate scene.
Barbara is wearing chic nghtgown and is pNepped up
o twin bed, with a novel in her hand
The for her to call to in the next
but while they aSe fixing the 1ghs she reads aloud to the
crew. burlesquing the passage from the book
Once it slips from her hands and propman returns it
TO her.
"Thank you so much she says Gall Rome shall hear of
this"
After time spent necessary preparations she calls
to the propery-man you'd better get another book
I've about finished this one"
They rehearse the and Director Leigh Jason is
very particular 1t takes Barbara several tries get
Just what he wants.
When she does it for the camera, though, Jason says
"Swelll"
"Oh cracks Barbara Twelve thirteen takes and get
It just like that"
She hops out of bed and goes off to lunch in her night
gown covered by coat
(COpyright syndOAtsl
The Washington times., 1936-05-09

You have to have q Yale parch-'
ment to appreciate this joke, says
Joe E. Brown.
The story is told Of q one-time
dean Of Harvard University.
Travelling once he was ap-
preached by an itinerant evangel-
list with the question: Are you q
Christmas mani" To which the
dean replied: go to -!
Shocked, the evangelist retired
and complained to the conductor
who insisted he must be mistaken.
He declared that the dean was
well known for his piety.
So the evangelist again ap-
preached the dean and another
attempt, repeating his question.
The dean was cordial. Brother"
he answered, ''I try to follow in
the footsteps Of the Saviour in my
humble way. But was thet w'ot
you asked me just now. thought
you said: Are you a Princeton
man,
Young Golf Player (pressing)-
Please get q move on. Try to be o
little quicker, If you won't let US
through.
Elderly Player (teeing up)-
Young man, we don't want any
advice from you. I expect we were
playing this game before you were
born.
Young Player-That's quite
probable, but please try to finish
before lunch.
Gene johnson, the music pub
Usher, received q nifty song from
an amateur titled: They're Trying
to Put Too Much Red in the Red,
White and Blue, But Our Flag
doesn't need q TRANSMISSION"
I guess that's telling EN-.
The extra" Girl Says: when
a girl makes her debut there are
usus lily plenty of men around
anxious to make the debutante!"
| Charles webb, the writer. went
The Washington times., 1936-05-09

toss a cream-puH at Mddemass He says:
"Here, let an expert show you how it's done!"
Bacon IS expert too. He is Mack Sennett aumnus,
and he pitched many pie in the old days. well catch
ing his share.
But today his aim is bad Every time he throws Mid
dlemass, he hits Harms. The company is having swell
time with all this.
Finally, Bacon gives up, and says with grin:
h. swell, guess have forgotten how to be actor
Joan Crawfords picture, 1.-THE Gorgeous Hussy" gets
under way this week. too Director Clarence Brown is
hearsng the company in slave auction when visit
the set.
You'd scarcely recognize Joan Washington belle Of
1927.
She is wearing big hoppy hat with daisies it and
gown with voumnous skirts Her hair hangs down long
Cu her eye ashes shorter than usual and her lips
scarcely made up at all.
In this costume, she looks funny smoking cigarette
Director Brown explains the complicated Of the auction
scene. ag 4.1.a>
EverybOdys line has to ibe in just right and at quick
ening tempo.
Joan is bidding for slave against another determined
buyer She gives out Of money and has to appeal to her
disappearing companion, Mevyn Douglas He makes the
final bid and the auctioneer says
''Going, going-sold!-tO Mr.. John Randolph Of
Roanoke"
Brown rehearss the company until they leerperfec
@An right he says, "let's take it."
They speak their lines for the The bidding
The Washington times., 1936-05-09

} Daddy's name was Ferdinand and
mammy's name was Liza"
whats your name, then?"
"Ferdiliza."
Woman Driver-Can you fix this
fender so my husband will never
know I bent it?
Garage Mechanic-No, but can
fix it so that you can ask him in
q few days how he bent it.
The Extra" Girl Says: IF you
must choose between two evils,
choose the one with the most
dough-"
Flubb-After being married and
divorced three times, that middle
aged actress says she's still game.
Dubb-She may be game but
she's out Of season!
Him-Do you like the Four Mills
Brothers?
Dumb Dora-Oh, I love them.
Especially the red-headed one who
plays the harp.
Ginger Rogers says that If you
give some guys enough rope they'll
hang around you all night!
Eddie Buzzell met q fan the
other day who made up in hon
esty what he lacked in diplomacy.
He and Bert Wheeler were exiting
from Sardi's when q youngster
asked for Wheeler's autograph.
The kid turned to Eddie and
said, "Are you anybody"
"No-o," laughed Eddie, who was
well known on the stage before
becoming a movie director.
"We-ell," welled the officiouS
youth, "give me your autograph
anyway-just in case"
Collette Lyons describes q GER
tain pest with: Hes q guy afteG
my own heart-with o knifeI"
The Washington times., 1936-05-09

The Extra" Girl says: THE
incest double feature is q pair Of
lipS!"
James Burke overheard his two
little nephews discussing their
teacher the other day. One said
to the other: "I wonder how old
our Latin teacher iS?"
HE must be awful DID," replied
The Washington times., 1936-05-09

municates itself to every
body in the troupe. b.
"Cain and Mabel" is only
two days under way when I
visit the set at Warner
Brothers this week, but it is
obvious that the company
already feels at home with
each other.
They are working on a
cafe set. 1t 10 ks like one
Of those big chain lunch
rooms that you see SO often
in the East.
The scene is Of Roscoe
Harms being tossed out Of
the cafe by burly Robert
Middlemass. He socks Mid
dlemass first and then is
hoisted out by his coat col
lar and the seat Of his pants.
Miss Davies, very trim in
a waitress costume, is a hor-
rified witness.
For a laugh at the tag Of
the scene, Director Lloyd
The Washington times., 1936-05-09

to see about q job with q quiche'
film producer the other day, and
the producer asked: care you q
college graduate?"
Charlie said he was. "Weu,"
asked the producer, "have you got
your diploma with your"
mo" quipped Charlie, "but I
can say a few big words for you"
The Washington times., 1936-05-09

the other, ''he used to teach
Caesar"
Roger Imhof remarks that In
Hollywood when q man starts
chasing a skirt, he's apt to end up
with q suit on his hands.
''YaSSah," said the little colored
boy, Use named for my parents.
The Washington times., 1936-05-09
BUSINESS AND FUN THE MARION DAVIES MOVIE SET
Joan Crawford as Washington
Belle Of 1927 in Her Next,
The Gorgeous Hussy'
By HARRISON CARROLL

HOLLYWOOD, May 9.-Every time l visit Marion
Davies SET realize that pcture-maing be efficient
and still be fun The unfaing good humor Of the
The Washington times., 1936-05-09

goes back and forth. Doug
las clinches it. The auc-
tioneer raises his hand.
He intones: "Going, going
Sold Ito Mr.. John Wan
namakerl"
"Cut!" calls Brown, amidst
general laughter.
It is interesting that, while
Joan marries two times in
"The Gorgeous Hussy," she
never gets Melvyn Douglas,
the man she loves. Her first
husband is a young naval
officer, Robert Taylor, and
he dies in the middle Of the
picture. The second time,
she marries for political rea-
sons to help Andrew Jackson.
I ask Clarence Brown if
they are not afraid to dis
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-05-18
u. S. WEATHER FORECAST

Sun rises tomorrow at 1853 q. m.
and sets at 7:17 p. m.
Moon rises today at 2:22 o. m.
and sets at 3:48 p. m.
Moon rises tomorrow at ass
q. m. and sets at 500 p. m.
TEMPERATURES
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-05-18
SPAID ASSAILS
TRADE EVILS

CLEVELAND, May 1S.-Elimi-
nation Of bad and unethical prac-
tees and expulsion Of dishonest
brokers was urged by William w.
Spaid. of Washington, president Of
the Associated Stock Exchanges,
at the opening of the annual con-
vention of that organization here
today.
Admitting that brokers have
made plenty of mistakes" in the
past, Mr.. Spaid declared that
brokerage is an essential economic
factor in the financial Setup OF
the nation and that the public
must be brought to understand
this.
While the regulations of the
Securities and Exchange Commits
sion have done much to improve
conditions, he said, the task OF
educating the public falls back on
the exchange themselves.
Already the character OF the
brokerage business is changing,
Mr.. Spaid pointed out. Where
formerly rs to 80 per cent of trans.
actions were margin accounts, now
SO per cent are cash transactions,
he said.
But it is not the amount Of
margin deposited, he pointed out,
{ hat distinguishes speculation
from investment, but the char
acter of the purchase, since specu-
lative securities, even though pur-
chased outright, are still Specula-
tionS.