davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-02-13
Money Market

NEW YORK, Feb. 1S U.N.S.).-Call
money rates were renewed at y of
1 per cent on the stock exchange to-
day and at IN per cent on the
curb exchange. Outside rates were also
unchanged at the recent advanced rate
Of Y of 1 per cent.
Time rates were firm at flat rate
of 1 per cent, on maturities up to
months.
Commercial paper continued active
with rates unchanged at Y of 1 per
cent
Bankers acceptance rates were nomi.
nal and unchanged at y to ais per
cent for 80, so and 30 days. 3-16 to
u per cent for 120 days and q to
5-16 per cent for $50 and 1SO days
The Washington times., 1936-02-13

To begin with, 1t 1 most important to S"s nancy
that bank credit like all credit NOT money
1t is just of transferring the of money from
person to another.
CREDIT whether used as checks or other instruments
does circulate freely When you get check you cash"
it, and it is Cancelled.
Bank CREDIT does not measure values check merely
calls for money and it is the money that it which
"counts."
check is like ticket. It is merely mdium Of
exchange which provides yardstck for quoting
uring prices.
But the MONEY which the check calls for does all
things. MONEY is more than a mere medium of exchange
The great function of MONEY is values And
in order do this there be standard just there
must be standard yard for measuring distance. (This
standard may be the value of definite quantity of gold
silver, wampum any other thing which will serve)
It follows that bank credit although it not money de-
pends upon money Money the tool of credit Credit is
better than the money which it gives.
Thus and credit nseparaby bound together and
anything do to the affects the other
valued standard money hurt credit system By
initiating money, have inflated credit Also by
initiating bank credit have set in motion forces calling
for monetary initiation
Note that money be inflated we'll credit This
Il what did when devaued the dollar By "devalua-
ton reduced the size and the value of the dollar Arbi
rary and of sudden, began measuring values with
shorter yardsk So prices somewhat Though not in
proportlon), showing the initiation.
Incidentally this meant making the amount of gold
into nearly twice many dollars This enabled
welt Administration to "write up'' "prot" on the gold
President has smilngy called nest egg'-and thus it
will get into the banks and be pure initiation.
Aside from devauaton if increase the quantity gold
without regard for the volume of business exchange
produce initiation Today merely by nkeng with both money
and credit have caused fear of the dollar This
speculation and inflow of gold In turn this inflow gold
is encouraging further initiation schemes.
For example, many -advised people asking "Why not
issue more currency backed by our big gold hoard"
This would be thoroughly and nationary for
following
l. We have more money and currency than
in business whenever make money credit sound
business will get active and circulation of abundant
currency will expand)
Most of the gold have is already pledged necessary
for currency the shape gold certificates put
by the Government in its controlled Federal Reserve Banks
g. The balance Of gold is here only temporarily and is
subject to such drains for export occurred last week
The proposed notes would be redeemable convert
ble into gold Talk about their being backed by gold bunk
s. Fear that such issues would be excessive would
svably arise and would either renewed gold EXPORTS
embargo which would that currency has
relation gold
The Washington times., 1936-02-13

bonds, and (2) that "bank credit initiation is
. factor independent of devaluation."
To the first statement, there can be no OBJ
lection. Probably all individuals and institu-
,tions have long realized its truth, and, when
free to do so, have acted accordingly.
To the second statement however, there
should be decided objection. 1t is on par
with Father Coughlin's logic. 1t reminds us
that Mr.. Hoovers administration started the
tcredit initiation policy which led to the present
financial mess
The Washington times., 1936-02-13
Chicago Produce

CHICAGO, Feb. 13 Q.N.S.).-Butter
e days), 11,974 tubs; firm; old cars 81
new, 4. Extras, 36c: standards. 36c
extra firsts. 35%c; firsts, BAN @ 35c; spe-
cials, SO u @37c.
Eggs e days., 1O,Ss7 cases; firm; old
cars. /; new, l. Current receipts. 30c;
fresh extra firsts. less than cars, 31hc;
cars, 31hc; fresh firsts. less than cars
S0hc; cars, SOhc; dirties, 26c; checks
"a cents.
Cheese. twins. 15A@15hc; singles
daisies, 15h @15%c; longhorns. 15% q
16 cents.
Live poultry, steady. Turkeys and
young TOMS 2Oc; old toms, 1Sc; hens
1S@24c: Leghorn hens, ,14@ ice; roosters
lie; ducks. 14@23c; geese, 12@1Sc
chickens, 1sc; Leghorn chickens, 1Sc.
The Washington times., 1936-02-13
Cleveland Livestock

CLEVELAND, Ohio, Feb. 13 CIN.S).
Hogs-Receipts 700; trade slow; 10c
lower; good quality 16O-1sO ID. weights,
SLIPS; 19O-25O III. weights. $11.5O; pigs
and roughs active.
Cattle-Receipts 800; market steady.
Butcher steers slow; cows and bulls
active.
The Washington times., 1936-02-13
Z" AYHXT Hoover Administration Started
"A H. n Credit Initiation Policy Which
AAA ~ V - - Led Up to the Present Mess
BY LEWIS HANEY
Professor of Economies New York University

In recent testimony concerning investment policy Mr..
Hoover reported to have stated ~ that account of
aon high grade stocks should be considered replacing
The Washington times., 1936-02-13
SALES

After call
Washington Gas Light Co., 80
70.
Potomac Electric 51as preferred,
6@112h.
Capital Traction IS, $1,000@91,
$1,000@91, $1,00O@91.
washington Gas, IS, 1858, 81, 900
@106A.
The Washington times., 1936-02-13
Washington Stocks

Title Insurance stocks
Columbia (.30) ............. .....
Real Estate (6)............ I110 .....
Miscellaneous Stocks
Carpet Corp (1.SO) ).......I % rs
Lanston Monotype (D...... rs .....
MergenthaIer Limo. 49h 81
Peoples Drug pf (s.5O). ia $50.
Real Est NJ & G pf (.20). Az
Security storage (5) )........ 102 .....
Ter Ref VIII Corp (3) .... 80 .....
Wdwd & 10th com (t1.2O) As zee.
Wdwd & 10th pf CD.....l1 116 .....
"Ex-divldend. fFlat. t8O cents extra.
The Washington times., 1936-02-13

Volume Tuesday
3,35O,0O0 Shares

-1sss-ss- Name and Net
High Low Dividend Rate High Low 13:lS Oh 80
Evening star., 1936-12-17
BUS VENTILATION
TO BE IMPROVED
Capital Transit Co. Letter Advises
Commission as Result of
COMPLAINTS.

Promises Of improvement Of the
ventilation of its buses have been
made by the Capital Transit Co. in
letter to the Public Utilities Com
mission in response to a number of
complaints of overheating and other
faults.
The commission several days ago
wrote the company asking that bus
operators be more carefully instructed
in management of heating and VEN
tilating facilities which can be man
TALLY controlled, and warned the
company that buSseS not required to
be equipped with such systems should
not be brought into the downtown
area.
To this E. D. Merrill, company vice
president and general manager, re-
piled:
I'VE are calling this to the atten-
ton of our supervisors and have also
been working on a full set of in
structions covering all of the differ
ent types of heating and ventilating
apparatus in an effort to bring about
Q more satisfactory condition.
The matter is complicated by the
combination heating and ventilating
systems involving the requirement
that 10 cubic feet of air be intro
duced into the bus (per minute per
passenger seat). Efforts are being
made to provide additional thermo-
stats OF satisfactory type, which will
permit the operation of fans without
the use of heaters In some cases
manual control is provided. and we
are making every effort to fully in
struct our men"
Evening star., 1936-12-17
FARM PRODUCTION
PERIL DISCOUNTED
Wallace Sees Little Chance
of Chemistry Replacing
Food and Clothing.
~ the Associated Press.

~ the Associated Press.
Chances that chemical laboratories
might displace the farm as producers
OF food and clothing were termed
remote yesterday by Secretary WAL
lace.
There Is no possibility either that
chemistry will solve all the farmers
difficulties overnight or that 1t Will
do away with the need for farms"
he said in q report to the President.
Wallace explained chemical dis
covery depended on economic as well
al technical factors.
Diverse Uses Uphold Price.
Corn stalks and straw have value
az live stock feed and fertilizer. the
Secretary said. so that 1t has paid the
farmer to sell them for industrial
processes only when he receives more
than they are worth as feed.
Chemical discovery often is not an
"unmixed blessing for the farmer"
Wallace continued. with development
of new uses for one product some
times hurting the market for others.
Cites RAyon Stock.
As an example, he said. use Of
sugar cane residue, or oagssse, for
making rayon may diminish demand
for cotton. Similarly. he added. SOY
bean oil production may come directly
into competition with cottonseed and
other vegetable oils.
The Secretary said that while
chemical discovery in farm products
temporarily may benefit some lines
OF production to the disadvantage Of
others, usually the final balance was
in favor of the farmer"
Many discoveries in the files Of the
Agriculture Department were described
az technically successful. but not
utilized commercially because costs
were too high.
Evening star., 1936-12-17
COAST GUARD TO AID
ICEBREAKING ON BAY
But Commandant Declines to Re
condition Cutter Now at
Baltimore.
Dy the Associated Press.

~ Vh'S HoooSASbco = AVoo'
Commandant r. r. Waesche IN
formed Senator M. E. Tydings, Mary
land Democrat, yesterday the Coast
Guard Service would be "of every
practicable assistance" in keeping the
Chesapeake Bay free of ice this Winter.
The Senator had urged Waesche to
seek funds to recondition the cutter
Carrabassett, now at Baltimore to be
decommiSsioned, and that the ship be
used as an icebreaker.
Waesche estimated $4,000 would
be needed for this work, and in his
letter to Tydings today said:
I'm view of the needs Of economy
and the policy followed by the adj
ministration in the matter of ice
breaking by the Federal Government,
this office could not properly urge an
appropriation for funds to provide ice
breaking service in one particular To-
cality to the exclusion of other sec
tions which feel they have an equal
claim for such service"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
SChm2Iing Gets
First Crack at
BraddoCk

CHICAGO, Oct. 14.-Max
Schmeling gets the first crack at
Jim Braddock's heavyweight title,
and Braddock will not fight Joe
Louis in a nontitle affair.
The champions manager, Joe
Gould, made that clear here today
before departing for Indianapolis
where Braddock will referee TO-
night.
Forfeits and contracts for the
Braddock- Schmeling match at
Madison Square bowl, June 3, are
posted, Gould said. He added:
"Braddock will not fight Joe
Louis in a nontitle contest be-
fore the match with Schmeling.
There's no use kidding our
selves. Schmeling became the
logical contender when he
knocked out Louis. Well fight
Max and nobody else. Reports
contrary to that are wrong and
are being circulated by Louis
hackers"
The champion will engage in a
couple of tuneup matches before
June 3, Gould said, but the oppo'
sition will be of his own choosing
on the order of Sparmates.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14

things that you'd expect to see
a man like Wilbur Henry-WaSh-
ington and Jefferson's all-time,
AlI,America tackIe-dO. He took
for his own that ground three
yards behind the ball and held
it throughout the game.
Another of the sophomore play
ers who is showing more than av.
erage ability is Pat Brady, who,
like Robertson. halls from Mass.
Brady is 6 feet 2 inches in height
and weighs 205 pounds. Pat plays
football as if he liked the game,
and the harder he is able to Whack
a ball carrier the more pleasure
he derives from the afternoons
exercise.
Prospects Bright
With youngsters like this al
ready proving themselves. the pros
pect for strong lines at George
town is more than bright.
AS a matter of fact, the entire
prospect at the Hilltop is bright
Fewer than a dozen men Of the
current squad will be graduated
before next season, and not all Of
these are regulars. Keymen
like Tommy Heating, Robertson
and Brady, Hardy and Riofski, tt
pick out just a few, have at least
one more year before them. Small
wonder that Jack Hagerty smiles
The loss of Bob Ferrara, who
fractured an arm against Uni
versity of Cincinnati 1on last Sat
urday, is a loss, but Hagerty's pol
icy in getting out the youngsters
is indicated. Ferrara is one Of
the two seniors on the backfielc
squad. Gibeau is thu other fourth
year man. The others have theil
best years before them.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14

ThlS yearung is 1om ROBERTSON,
of Abingdon, Mass, a tackle, and
when it is announced that he has
ousted the veteran Al Vaccaro
from the regular tackle berth. his
ability Immediately becomes estab-
liShed. Robertson drew the start
ing nod against University Of Gin
cinnati's BearcatS on October 10.
with his senior rival riding the
pine. Unless something unfore-
seen occurs, Robertson will hold
down the strong side tackle berth
against New York.
Robertson is built as tackles
should be built He is feet tall
and scales an even 200 pounds.
Glenn S. Warner once said that
great tackles had to have big
hands, strong wrists and big 'eet.
Robertson has big hands, wrists
like blacksmith and good old
fashioned No. II brogan on his
feet. There is not the slightest
indication Of awkwardneSS in this
big boy on the football field.
Imagery Impressed
Jack Hagerty, coach Of the
Hoyas was impressed from the
start with the way Robertson
hurled himself across the neutral
zone. But since all coaches expect
such things, he made little com
ment. During the usual weekly
medical examinations, the cause
for this laundering charge became
apparent. No man with his legs
could lack the drive that tears
enemy line thruSts to flinders
Robertson has mastered in
his sophomore year many of
the things that take most play
ers a full four years to learn"
Hagerty said in discussing this
young giant of the gridirOn. I'm
fact, we find players on the pro
feSSiOnal gridirOn who lack his
determination and style.
81 didn't have to tell Robert
son to charge through his man
and not to his man. He knew 1t,
or If he didn't stop to figure
it all out, he did it. That's Olat
counts.
eve thought that we were
we'll off for tackles at the start
of the season with VaccarO and
Stralka as starting men," Hag-
erty continued. "Well, we should
have been well satisfied with
such veteran men. But it wasn't
long before Robertson made his
presence felt. especially upon
the other tackles.
81 put Robertson in the Dele
ware game and h0"began to do
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
PICK-UPS AND PUT-OU1S

can have the odd eighty cents"
grinned AL King as he appeared
at the Laurel pay-off cage to cash
a So ticket on Chambersburger
which paid S1OO.SO. Touchdown
Club members will be guests of
the George Washington Athletic
Association at the G. W.-Arkan-
sas game Friday night. .Presi-
dent John F. McGovern will dis
tribute the tickets. .ElwOOd H.
Parker, who saw part of the
World Series, says the Giants
played like schOOlbOyS, particu'
larly in that sixth game catastrO-
phe Joe Blanken opens his new
grill next week John S. Blick
received his honorary colonel
title due to his promotion of the
duckpin game in Atlanta. Jake
Powell was . Laurel visitor yes
terday.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14

at POrtner's Arena, Alex
andria, during bOXing's bootleg
days there.
Mush DubOfsky. Georgetown u.
line coach, secuted Bucknell in its
game with University Of Miami
(FlOrida) Friday night at Lewis
burg, Pa Bob Ferrara, senior
Georgetown halfback, never suf-
fered an injury until his arm was
fractured in the Cincinnati game
Saturday night Roland Work
man, younger brother of Sonny
Workman, is a senior student at
Catholic University Spalding'S
paid a pretty penny for Lawson
Little, Horton Smith, Jimmy
Thomson and others who are
touring the country in promo
tiOnal work but neglected to
hire a publicity agent to herald
the coming of these golf stars.
"JuSt give me the 500; you
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
By GINO SINH

The washington Times is 60
ing to resume its policy of two
winters ago of awarding $25 to
men and women rolling the high
est duckpin games each week
from Monday to Saturday, and
in addition will bestow a grand
prize of $25 to each man and
woman turning in the highest
game of the season, including
the final week of April, when
the contest closes.
Here's the proposition for bowl
ers:
Every week, starting next Mon
day, The washington Times will
split a S25 purse exactly in half
with $3.50 going to seven for,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
Gri||nnen B 0 W |
Rec Leaders

"Bucky" Harris is breathing
threats in the Recreation Duckpin
League as he tries to get his DO"
Bregman's Grill team off to a gal
lop. Tonight the Grillmen will
have to show plenty of pep for
they crash into the pace-setting
Phil Bobys crew, which is riding
down all opposition ruthlessly.
Last week Eynon Printing bit the
dust three times before the Bobys-
men as they chalked up an 1919
set, featured by a 635 game. Nor
rison threw in a 399 set, Freschi
had 397 with the weeks high game,
154, DR.. Shambora, 367, while
Eddie Keith achieved remarkable
consistency with three games of
1T8 each, with three marks in each
game!
Joe Harrison led Post Office to
a two-one win with 391 set, while
Dawson had 379 and Kingsolver,
361. Standings:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
TIMES OFFERS
SIS CASH TO BOWLERS

) All you have to do Is prove
that you were skillful enough on
a certain night to knock more
pins than any rival during the
other six nights and you get the
reward for your effort.
Can anything be more tempt
ing?
All games to be considered
must be bowled in regulation
foul-line, five-men teams duckpin
leagues and must be properly
signed by the foul-line umpire
and the president or secretary OF
the bowling league.
Send to Sports Department
Presidents and secretaries of all
bowling leagues are requested to
fill out entry blanks which will
be distributed to all bowling al
leys within the next few days and
to see that they are sent to the
Sports Department, Washing Sor
Times, 1917 H st. N. W., imme
diately after the league has com
pleted rolling.
With this incentive to spun
bowlers on. Washington is likely
to produce a record number o.
high games.
VOTE AMERICAN
London Seeks Marty
Marty Gallagher has been of
fered a flat guarantee of $2,50(
for two fights in London, his rep
resentative, Tom O'Donnell an
nounced yesterday.
Joe Morris, British booking
agent for Jeff Dickson, made thu
offer and wants Gallagher To-
two fights in London. Mart!
would first box Jack Peterson anc
then Ben Foord, new heavyweight
champion Of the British Empire
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
Benning Threat
To FrederiCks

Two red.hot scuffles are on tap
in the Temple Minor Duckpin
League tonight with Fredericks
Mems Wear tackling the tough
Benning Service Station while
Loggia Roma and THYME Garage
have it out.
George Boteler cracked high
individual game last week with
1854, but high set laurels went to
Ralph Bates with 379.. Boteler
had 367, Cashell, $50; Murray,
356: Dwyer and P. Robbins, 1853
each and Trilli, 352. High team
honors went to Fredericks with a
500 game and 1894 set.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14

'tunate men boWlers and a similar
amount to seven adept feminine
pin-wallopers.
Who will be these favored men
and women?
They will be those who roll
the highest duckpin games in
regulation five-men teams league
competition each week from Mon
day through Saturday.
First Prize S.
The bowler (man or woman)
rolling the highest game will
pocket a crisp, crinkly SIS bill
while the runners-up will collect
$3.50 each and five consolation
prizes of 81 each will be given
to the next five men and five
women.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
BY GEORGE A. SIMPSON

By GEORGE A. SIMPSON
Last of the three rs" boys, al
ways seen together, has taken the
marriage pledge first it was
Jimmy Sager then Andy Sirica
and finally Herman SheSkin,
who returned recently from PO-
land Harry Groves, Phil Furr's
trainer, was wed to Mary Helen
Coudle at Berwyn Charlie
Young works like a beaver on
duckpin missions while herald
ing Jake Powell'S world series
deeds, save a whisper for grand
old Tony LazZeri the latter's
five hits sent seven runs over the
plate also, Tony flawlesSly
handled 30 chances at second base
will Clark Griffith relent?
and sign Joe Judge or Sam Rice
as a coach? D.. Tim Charles, kay
Oed by Max Baer the other night,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
ABasebaH
Deal Off
Bottom
By KIRK MILLER
Times Sports Editor

I've been tempted
to make the following
observations several
times in the last two
weeks and, until to-
day, I've been tempted
just as often not to, be-
cause I like the people
at our ball park i'm
mensely.
It has to do with the strong
bond of brotherly love, which,
on the surface exists in base
ball that is so often graced by
the dignitaries of the nation as
we'll as the little children
whose characters are still i'm
= mature and in their tiny hearts
believe the game indeed is the
great, clean national pastlme.
Now don't get into your minds
that I'm sour on baseball. I'm
not. love it. I'm a fan at heart,
just as I'm a boxing fan and a
horse racing fan and a football
fan-but hardly a wrestling fan.
STOPPING Pretty Lou
Such are purely personal phases
and don't make any difference.
But professionally I can see some
pretty bad spots in all Of those
sports and about as ScurVy a trick
as I recall observing one club
play on it's brother came about
during the baseball draft meeting
in New York.
It is regrettable the washington
team was the aggreSSor in this OBJ
viously nefarious deal, and was
treading the BASEBALL boards the
next day boasting somewhat Of
its coup.
I say nefarious quite ad-
visedly. It may be an everyday &C.
currence in the back-Stage man1pu-
lations of the business, but II 1t IS
then baseball isn't the sportsman
like institution that our Presidents
and statesmen and plain citizens,
including the boys and girls, be-
ueve it to be.
An Honest Loss
It seems the washington club
had put in" for couple of ball
players in the annual draft, which
were hone silly denied them
through the prior claim of teams
finishing with a lower standing.
That is rule of baseball. When
a player is on the open market,
either by waiver or draft, the club
needing him the most-and this
is determined by the standings
gets him.
Well, in the draft meeting chat
ter. washington learned that the
81, LOUIS Nd1AAAdAo "OA0 HNNOAAAS
in for one Beverly Terrell, very
immature outfielder from league
so remote that it just about gets
in the alphabetical limitations.
Washington didn't know thing
about this fellow, not even that
he was kin to the Boston Ferrells'
Yves and Rick, but on the theory
that If he was good enough for
the second-place tiled with the
Cubs) Cardinals, he must be good
enough for the fourth-place Grit
men.
Fair Means or Foul
They put in for the young man
and got him.
It was all within baseball law.
Judge Lands couldn't open his
trap, even if Branch hickey had
Squawked.
Now, isn't it an unnecessary
breach of decency to conduct bust
ness affairs in such a manner,
Continued on Page 3S, Col. II
VOTE AMERICAN
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1936-10-14
SqudreDed| Sets
5. E. Pin Pace

Square Deal Liquor tripped Shat
fer Flowers to gain first place in
the Southeast Duckpin League.
Lynn copied high individual
game honors with 149, new sea,
sons mark, and Meany turned in
high set, 385. Standings: