davidaulloa/AmericanStories huggingface dataset:
Evening star., 1936-06-18
New Orleans Prices.

NEW ORLEANS, June is lP.-Cotton|
was barely steady at the first call today.
aithoush all options were above the pre-
1.91 October at 11.32 and December.
January and March all sold Fst l1,30.
June. Ssh; July, ss5b: September. Sf5b;
October. S.69b: December, s.46b; JAM
uary, S46b. Bid
Evening star., 1936-06-18

ing session of the
Virginia Bankers
Association, a t
the Cavalier, Vir-
ginia Beach, to-
day.
The @ ua k e r
City fl n a n C i e r
said he reached
this conclusion
after making a
statistical analy-
sis which revealed
that loans made
by the Govern
ment are in fact
capital loans in
which the banks
Evening star., 1936-06-18
HoMEsTAKE BONUSES DUE.

NEW YORK, June 18 R.-Bonuses
of $50 each will be distributed to ap-
proximately 1900 employees of Home
stake Mining Co., the company re-
sorted. Payment will be made before
the end of June.
Evening star., 1936-06-18
C0tt0nseed Oil.

CottOnseed Oil.
Bleachable cottonseed oil futures
closed steady. July. 9.25b; September,
s.16; October, 9yo4a9.O5; November.
8.83. Sales, 81 contracts. b-Bid.
Evening star., 1936-06-18
Chicago Cash Market.

Chicago Cash Market.
Cash wheat, no sales reported; CORE,
No. mixed. 63@4 No mixed. 6034a
81; No. yellow, 65 l4a12; No. 2 yellow
65a65i2; No. 3 yellow, 64l4; No. yell
low, 62l2a63l2; No. 5 yellow. 5o34;
No. 2 white, 70; No. white, II; No. 4
white. 70; sample grade. 5Oa60; oats.
No. 3 white. %; No. white, 25aa a
26l2; sample grade, 24lsa2512; no rye;
soy beans. No 2 and yellow. 90: bar
ley, No. 2. Minneapolis, 7S: feed. 3Oa
40 nom: mailing, 48a9l nom: timothy
seed, 3.30a55 per hundredweight; clo-
yer seed, 13.0oa19.25 per hundred
weight.
Liverpool Grain Prices.
LIVERPOOL June is tP.-Wheat fu.
SP11
Evening star., 1936-06-18

/ Southern Railway Co.-Deficit. fous
months ended April 80, was sls&
129 against deficit Of s1.4es.360.
Evening star., 1936-06-18

Chesapeake & Ohio Railway-Com-
mon shA Ire earnings. five months ended
May 9 weres1.ss against $1.33.
Evening star., 1936-06-18

uay y4U.UOO
Dividend the above table are the
cash payment based on the latest quarterly
ratons
Unit Of trading less than 100 shares rats-no
including extras {Accumulaed dividends year
Paid last year dCompanies reported being
Evening star., 1936-06-18
j. U.S.LOANSLEAVE
BANKS UNFRAMED
Philadelphia Banker Says
Government Not Competing
With Private Lenders.
BY EDWARD C. STONE

Federal Government lending agen-
cies are not competing with CONNER
cial banks. Charles P. Blinn, jr.. Phila-
delphia banker, declared at the open
Evening star., 1936-06-18

Baltimore Quotations.
BALTIMORE June Is LP.-Whest No.
>. red Winter, gsrlicky. spot domestic.
LOS: June. LOS.
Evening star., 1936-06-18

Liverpool Grain Prices.
LIVERPOOL. June is Pj.-Wheat fu
lures closed firm.
Evening star., 1936-12-09
We, the People :
Observer Sees General Election Nearly Sure Result
of Simpson Affair.
BY JAY FRANKLIN.

England can scarcely escape Q gen.
eral election. Particularly Is this true
should he abdicate.
The mere fact Of his existence rs a
private personage-either in England
or on his ranch in Canada-would
give the British masses a convenient
symbol: A King who tried to help
them was promptly thrown overheard
by the economic royalists." His
presence in Canada would weaken the
bonds of empire. and the British
could scarcely send him out Of the
empire with a light heart.
This means an early political battle
in England itself. The conservatives
look on Hitler, Mussolini and Gen.
Franco with certain amount of i'm
perial sympathy, and British Fascist
movement is far from out of the
question. On the other hand. the
masses Of the British people sympa-
thize with popular front governments
elsewhere and are sincerely anxious
to cultivate their own garden with
out too much worry about the en-
pire-which is so often offered as a
reason for avoiding needed reforms
at home. And Roosevelt has shown
what happens when the have -nots"
vote against the "haves" in an Anglo
Saxon country.
As limited in the London press the
White House has indicated its dis
approval of the Simpson marriage.
This unusual intervention in the do
mestic affairs of the British King
took the form Of the executive order
of November 20 forbidding American
diplomats to marry foreign wives.
The order was originally designed
to stop Mrs. Ruth Bryan Owen
Rohde from returning with her
Danish husband as Minister to Dem
mark but its timing and phraseology,
particularly those sentences describ-
ing the matrimonial self-sacrifice re-
quired of high public officials. were in
response to informal British repre-
sentations that the London govern
ment would appreciate helpful hint
from the White House.
tCopyrtsht, 1850
Evening star., 1936-12-09
Prize Writer
Was Failure
as Reporter
Prof. Shepard Would
Not Garry Garcia"
Message.
BY LEMUEL r. PARTON,

n YEW YORK. December s.-some
commission or alphabetical
" agency with power TO act
ought to do something about
Elbert Hubbard's Message to Garcia"
It has led many young men on false
paths. Here's man in the news to-
day. getting money and fame because
he was immune to 1t In his youth
when most other lads were infected.
He is the intimate friend Of my
youth, Prof. Odell Shepard Of Trinity
College, winning the Little Brown g.
Co. prize of $1,000 for his biography
Of Bronson Alcott. He is the author
Of many books. distinguished as a
teacher OF English. highly placed In
American letters-and they hand him
q sabbatical year on the slightest
provocation. Which. for definite rea-
sons, I believe is because he wasn't
a message-to-G Garcia man. It has TO
do with a certain turning point in his
career.
He was the handsomest man In
Northwestern University. known as
"the Bard" because he was, Incl
dentally, a poet. as well as a musi-
clan. He wore Lord Byron tie, car
ried a stick, with rapturous up-tilt
Of his chin and a look Of Olympian
preoccupation which gave him high
visibility among the corn-fed North
western undergraduates.
] got him a job on the Chicago
Tribune. covering the blue-stocking
North Shore. johnson. HOWE, Wal
ter Burns and a few other rafish
characters we're rehearsing for Hecht
& MacArthur's Front Page" Of later
years. The Bard" moved among us
with amused detachment.
There was a double murder in his
territory. No word all day from "the
Bard" The high command profanely
held me accountable for having
dragged him in and ordered me to dig
him up. pronto. 1t was not until
midnight that reached him by tele-
phone. He explained:
II investigated the matter. 1t was a
0OA d4N oAAoA' doSCA bdA1C0 l4ldG Vic
city press was delivering all the es-
sential facts. There was nothing more
that any civilized newspaper should
want or in which any reader of taste
or sensibility should be interested So,
naturally. I paid no more attention
to it."
When he was cleaning out his desk
drawer the next day, preparing to go
to Harvard for his Phi. D., he said his
action had been quite deliberate and
he had no regrets. He made it clear
that he intended to sink his life in
what interested him, weighing and
selecting his own values. One could
find more interesting double murders
in Sophocles or Shakespeare than he
could in Chicago. He went his way,
winning not only this. but other prizes,
while the febrile Message to Garcia"
news hounds were lucky II they
snagged an imitation gold watch on
cigar store punch board.
Ccopyrieht, 1861
Evening star., 1936-12-09

the public but in actuality from the
banks which in turn are now pretty
much under Government control.
What effect will it have on future
business conditions? The questions
are pertinent, indeed.
The argument in favor of an "easy
money" policy or low interest rates
for Government securities Is that
what the Government does affects
indirectly the whole gamut of interest,"
bearing securities all the way from
bonds of big corporations to the
mortgage rates in small communities.
Low interest rates are deemed by
their sponsors to be essential to
recovery movement.
Danger in Rate Rise.
Also the Treasury naturally wants
10 finance at low rates so that the
cost Of the total interest item in the
Federal budget will be kept down.
But even If the Treasury were through
with its borrowings there is a danger
In allowing interest rates to go higher.
If Government bonds fell off in any
considerable number in price, the
capital Of many banks might be i'm
paired. Here is how the National
Industrial Conference Board in its
latest bulletin speaks of the easy
money" policy, contending. Incl
dentally. that rates will be kept down
10 avoid dangers such as these:
"A decline comparable to that in
the immediate postwar period would,
Of course, seriously affect the surplus
and the capital structure of a large
number of banks. and would no doubt
cause large number of insolvencies.
In the event of tightening of inter-
est rates, the Treasury might attempt
to support the market for its own
securities, but in the absence Of an
easy-money policy, it may be doubted
that this approach to the problem
would be successful"
Perhaps the most interesting COM
mentary on easy money policies
Is that of Prof. Edwin w. Kemmerer
of Princeton University, who, in a
speech before the American Finance
Conference in Chicago on November
t8 last. said:
During the early part of a strong
mfationary movement, interest rates
are temporarily depressed. The mar
ket is glutted with money and bank
credit 3 B"
More Money, Higher Prices.
AFTER such a period of temporary
glut and of low interest rates, grad
ually the increased supply of money
and of bank credit make themselves
felt in rising prices. The velocities of
monetary and bank deposit circulation
are greatly increased. Then, when
commodity prices once get into full
swing on the rise, they pull up with
them the interest rates.
"A strong sellers market is created.
This gives an artificial and feverish
stimulus to business, greatly increases
the demand for capital of all kinds
and pushes up interest rates"
Then what happens? Prof. Kem-
Evening star., 1936-12-09


"Of not" said Hazen but police officer
IN my front room you think that uniform necessary"
The official rushed
bemedaled officer,
Department helpful a
tailed military aide Commissioner
On the appointed
regulation uniforms Building
uniform looked bunesslke with
He usheed the BriSherS
according
naual officers he keenly interested
the Commissioners ualS pictures fine stations
coUeed that Mr. Hazens hobby
hard time thrilling
their conversation.
ock-coated silk
the admirals official
aboard while guard presented had
Lord Mayor
history with all
Evening star., 1936-12-09

merer points out that it is almost i'm
possible for a government to main
tain low interest rates. He says:
Whenever as a result Of a gov
ernmental cheap money policy. q
strong upward movement of commod-
ity prices gets into full swing. the
policy breaks down. because it in
creases the momentum of rising
prices and tends to engender flight
from the dollar.
"All this causes an upward swing
of interest rates that no repressive
measures on the part of the Govern
ment can stop. AS well try by gov
ernmental action to prevent the tides
from rising under the gravitational
pull of the moon. Witness the adj
vances in interest rates that accom-
panied the postwar imitation of Gen.
tral Europe, or in much milder form
Evening star., 1936-12-09

EFT us now, with that calm de-
tachment which comes to us 50
naturally when we consider re-
- mote events which we do not
fully understand. take stock of the
constitutional crisis in England.
Whether King Edward VIII abdi-
Gates or the conservative cabinet re-
signs, or both, as a result Of the Kings
friendship for an American woman,
only an innocent would imagine that
the crisis is solely matter Of associa-
ton between him and q foreign-born
divorce.
It was not the straw which broke the
camel;s back, but the heavy load which
preceded that final straw.
England-like America France and
Spain-faces general crisis in democ-
racy. Even Russia has promulgated a
new constitution. In Spain. they are
arguing over details with bombs and
machine guns In France, there is a
tension so grave as to paralyZe French
foreign policy. In America. Roosevelt
| is about to close with the Supreme
Courts power to check national reform.
In England, in 1895, the conservatives
stole the Labor party's proposal to
keep Mussolini out of Ethiopia by the
League of Nations, won the election
and then backed down before II Duce.
BY this trick, the old guard kept the
Labor party from coming into power.
When Edward VIII succeeded his
father, he was known to have a pro-
nounced sympathy for the British un-
ier-dogs In particular. the fate Of the
Welsh coal miners excited his compass
sion and he publicly announced his
will to help them. Since some OF the
great conservative peers live on coal
royalties, this was not taken in good
part.
So British society Is playing its
strongest card against its royal leader:
Middle-class morality and the nom
conformist conscience. British society
adopted its present code Of morals as
part Of the process Of reconciling the
dominant middle classes to the con-
tinued existence Of the nobility.
1t Is impossible to escape the con-
cIusion that the conservative leader
and the great newspaper proprietors
have been forcing the matrimonial
issue on King Edward. There is no
possibility of his marrying Mrs.
Simpson before April-when her di-
vorce become absolute-and no law
which would be violated If he did
| marry her While we can easily i'm
agine our own alarm If a bachelor
President should propose to. marry a
foreign divorce, Mr.. Baldwins will
ineness to force the issue before it
arises suggests that the real conflict
In England lies far deeper than the
marriage question. After all, Vic
toria married a foreigner, other Brit
ish Kings have had lady friends. and
the crowns political power has be-
come mainly symbolic.
1t is probably because the old guard
fears lest Edward assume the leader
ship Of the British masses in their
desperate desire for social justice and
economic democracy that they have
thus fouled their own nest. The
Kings recent speeches to the stranded
Welsh miners suggested that the
| crown might start q constitutional
new deal in England and curtail the
patrician privileges Of the upper
classes-including the all-powerful
newspaper lords.
The immediate consequences are
| pretty clear. Whatever the King does,
Evening star., 1936-12-09

Washington Lord people
himself told
story:
squadron Washington pay yearly
lmnay regarding visits
official
the question Of the admiral paying his
tia that the
"Why?" asked the somewhat astounded Brisher.
been done
THAT so" the "but Uhen
London, officers required
to call the although
only Commissioner equivalent your
Evening star., 1936-12-09

Government Sc
curities has be-
come and will re.
main for some
time to come q
definite part Of
controlled econ
omy. It means
In q nutshell
that the Gov
eminent of the
United States ar
tifcially controls
the rate of in
terest IL intends
to pay on the
sums it borrows
Asernak klu fna
Evening star., 1936-12-09

The BrltlSher swallowed SOnne-
what dryly, but could not help
himself. The admiral was in
formed that he must call on
Washington's Lord Mayor. He had,
Of course. no objection.
When the day arrived, the off,
Ger in charge of arrangements
rushed to the Commissioner Office
and informed him of the facts in
the case.
II know you have a cut-away
and a silk hat" said the American
Evening star., 1936-12-09
Easy Money
Policy Seen
Permanent
Low Interest Rates to
Stay in Controlled
Economy.
BY DAVID LAWRENCE.

BY DAVID LAWRENCE.
(STASY MONEY" phrase Of
~ the headlines that doesn't
mean what 1t might seem
on first impression, Is ap-
parently to be permanent part Of
the Federal Governments policy.
1t means that low interest rates on
Evening star., 1936-12-09
CHILD LECTURE FRIDAY
Research Unit to Present 2 Ad-
dresses in c. q. Auditorium.

The Center for Research in Child
Development will present the second
in series of 10 lectures Friday at
BIS pm. in the auditorium of Cath
olic University. Speakers will be Miss
Regina Flannery of the department
of anthropology at Catholic Univer-
sity. and Rev Edward Ward.
Miss Flannery has made extensive
studies of child-parent relationships
among the North American Indians
while Rev. Ward has spent the last
six years among South African tribes.
Evening star., 1936-12-09

simultaneously contribute sedenary effect The Treasury also
chime with conforming action.
things may immediate economists
they generally speak terms of six months
Supreme
making Deal positions
holding companies procedure telephone upheld
unanimously.
Naturally sning significantly these hints
Dooeys the following
election
OF the best of counsel, 1t be related that
doing to minor doubts
wheeuer possible The really
important That they did not present fundamental cons
tutional questions but only issues OF procedure
When the final constitutional judgment
be certain there wH be far less undnirnuy
Politics peculiar business Certain extremely enthusiastic New
Dealers President Roosevelt speaking oay for hm
talking cracking unfair
the The question of unfaness in politics
example grating predcament which
sentative OConnor candidate caught
working OConnor
unfaness
oial interference strictly fight his Immediately
Missouri soliciting assistance through
members delegation other members House"
possible that OConnor senatorial interference
win, he will again consider the practice ultimately fair
Untatrness politics be whateuer
ponents Fairness is iphdtever do.
little line in the London dispatches
incident confirmed
politics quick advantage,
almost quick Winston Churchill
Churchill dhereas a
Evening star., 1936-12-09

THE opinions of the oriters this their not
necessarily The Stars Such opinions presented In
The Stars effort ope all sides questions OF interest to Its
readers although opinions may be contradictory among
themselves and directly opposed to The Stars
Evening star., 1936-12-09

through the increased activity and
watchfulness Of the Securities and
Exchange Commission.
Trustworthy information indi-
Gates they will let the situation
move along this course until Jan.
uary.
The Federal Reserve Board will
then probably increase reserve re-
quirements again. The Presidents
legislative and budget messages
and his second inaugural also may
Evening star., 1936-12-09

witness our own experience in the
United States from 1915 to 1920.
From the standpoint. therefore. of
economic theory and financial history
the evidence. I believe, is strong that
this country in the not far distant
future will experience period Of ris-
ing interest rates"
(Copyrisht, 1861
Evening star., 1936-12-09
News Behind the News
Administration Prepares to Turn Red Light
Against Boom in January.
BY PAUL MALLON.

listener
Of
price deduction.
chart Nubn) hit high Of S26 cent Of
1926 the for the last announced tended November 49,
nothing openly crowdng
Evening star., 1936-12-09

An UNOFFICIAL ubconerence OF the PanAmecan
shortly be held here at the basement
Negotiations toUard Chilean
IS acuity toUdrd Peruvian Ecuadorian
Nothing doing yet Paraguay Bolivia The troublesome
Argentine treaty problem
The United States
delegations
There will be after the
concludes
Trade has become the important phase o peace.
(Copyrght 1850
Evening star., 1936-12-09
This Changing World
Commissioner Hazen Finds He Holds Lord Mayoralty
of Washington.
BY CONSTANTINE BROWN.

YHE the throne Britain
~ Of Eve continents
German Italian slipped quietly
ready to help Gen Fanoos final push against Madrid
Despite onicial denas that soldiers Of the Reich
Spanish territory there definite proof that subjects
taoshps have landed in Spain
Meantime equally reliable
citizens have
Evening star., 1936-12-09

Whether they have left France
with the tacit consent Of the gov
eminent and been accompanied by
officers of the line. Is q matter
which cannot be ascertained at
present. The French government
has not the same means Of con-
troll over its citizens as have the
relationships.
In any event. we may witness
within the next few weeks the first
Evening star., 1936-12-09

historian. His basic trouble is said
to be that he has fallen short of
attaining the British premiership
on so many occasions that the
matter Is constantly inspiring his
imagination.
Mr.. Baldwin is still the strongest
man in British political life, but not
strong enough to face an issue of
king versus anti-king. Sound Brit
ish statesmen will work to keep the
situation from getting around to
that issue
Henderson daily dispatch., 1936-01-23
TO-DAY IN HISTORY

790-Mutineers from British ship
Bounty" settled on Pitcairn Island
in the Pacific, mingled with natives
forming a curious isolated community
of great interest to students of cross
breaking in man.
1845-Act of Congress established
Presidential election day as first Tues
day following first Monday in Novem-
Der.
184q-Patient for first envelope-fold-
ing machine issued to two New York
ers-previously all envelopes made by
hand. but mos: mail only folded SO
unwritten part for address on the out
side.
t9O9-White Star steamer "Rcpub-
lic,' sinking off Nantucket Lightship,
brought relief by wireless-first re-
corded use of radio to save lives at
sea.
1919 - American officers stopped
German-Jugo-Slav war by arranging
a truce.
1888 = 2Oth Amendment dame
DucO Presidential term to begin on
Jan. goth, ratified by Both State.
Henderson daily dispatch., 1936-01-23
Today is the Day
By CLARK KIfi4AIRD
Copyright, 1886, for this Newspaper
by Central Press Association

armies launched offensives along 200
miles Of front between the Disc and
the North Sea, with the major attack
at Newport, in Belgium. Nothing like
as sustained an action had occurred
since the German advance ON Ypres
months before, which was begun by
the introduction of gas attack. Gas
played a minor part in this, which
quickly developed into an artillery
duel. The 10000 shells the Germans
poured upon the French and British
within few days did not enable the
Kaiser's forces to make any notable
gains, for Allied artillery traded shot
for shot and prevented Germans from
leaving their trenches without heavy
losses.
The Germans were not anxious to
sacrifice manpower on this offensive,
for it was a preliminary to the COM
ing major offensive on Verdun, a di-
version intended to create the impress
sion that they were again attempting
to break through to the sea.
Henderson daily dispatch., 1936-01-23
n TODAY =
rODAY's ANNIVERSARIES

1761-Richard Alsop, poet and satl-
rist. one of the Hartford Comm
Wits famed in American literature
one of the few American millionaireS
Of his day, born at Middletown, Conn.
Died Aug. 20, 1915.
1783-Hcnri Marie Boyle (StendhaD
famed French novelist and critic
born. Died March %, 1872.
1s23-Stephen Plat Quackenbush,
noted naval commander, born at AL
bany, N. Y. Died in Washington,
Feb. 4, 1890.
1S41-Beniot Constant Coquelln,
famed French actor, born. Died Jan.
Is, 1909.
1s69-:Herbert Croly, liberal editor
publisher of New York City's New
Republic" born in New York. Died
at Santa Barbara. CAL, May II. 1880.
1869-Johiah Flynt Willard, socialo-
sist and "tranm-writer," born at APP
pleton, Wis. Died in Chicago. Jan.
20, 1907
Henderson daily dispatch., 1936-01-23
TODAY'S BIRTHDAYS

Martin Fl. Carmody Of Grand Rapids
Mich, Supreme knight Of the Knights
of Columbus. born there, "a years ago.
DR.. John L. Faris OF Philadelphia,
Presbyterian clergyman-editor and
prolific writer. born at Cape Girard-
eau, Mo, IS years ago.
DR.. Ezra s. Triple, presidcnt-emer-
tus of Drew University, Madison, n.
j., born at Camden, N. Y, IS years
ago.
George McManus Of California, car
toonist. creator of Bringing Up
Father" born in st. Louis, SO years
ago.
Dr. John c.. Smith of Frankfort.
KY. physician, former Minister to
Portugal born at Frankfort, So years
ago.
Ernest Toolc of New York, novelist,
born in Chicago. Sc years ago.
Green II. Hackworth, the u. S.
Dept. OF States legal adviser, born ut
Prestonburg, KY, Sd years ago.