davidaulloa/AmericanStories huggingface dataset:
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03

be matched dollar for dollar with
State and county funds while the $500,
600 year must be matched so cents
to the dollar with State or local funds.
SO that in all, the State will have APP
proximately $1,3OO,OO0 available for it's
new vocational education program
when the schools open this fall.
Browne said
"The outlook for more and better
vocational education in North Caro-
lima is brighter than ever before as
result of the enactment of this bill
by Congress-" Superintendent Erwin
said today. "For with approximately
$1,300,000 available for vocational edu-
cation this coming year, as compared
with only about 100000 year in the
past, we can really start going places
in teaching agriculture, home econo-
mics, mechanics and other subjects
which will better prepare boys and
girls to make a living if they are not
able to go on to college. If the senate
had not restored the original appro-
priation to $14,483,O0O, our program
here would have been badly crippled
and we would have been forced to re-
trench instead of expand. So there
was much rejoicing here in the de-
partment of public instruction, espe-
cially in Mr.. Brownies department.
when we received the telegram from
Senator Reynolds saying that the orr
ginal figures had been restored and
the bill passed"
At tho present time there are 296
+oo nj, <.f
North Carolina who are teaching in
300 high schools, Superintendent Err
win said. There are between 400 and
500 home economics teachers in as
many high schools and between so
and 60 commercial courses. The new
appropriation is expected to make
possible a substantial expansion in
all these courses, especially in COM
mericial and vocational courses in
city high schools.
AS a result of the new 100000 fed
eral appropriation, it will be possible
to install courses in craftsmanship and
the so-called service trades in many
city high schools, Director Browne
pointed out, in addition to more COM
mercial courses.
Expansion of vocational education
facilities is one of the main detectives
of State Superintendent Erwin and
the education department, as outlined
recently in his new six-point program
for public education in North Caro-
lima. It is also agreed that the public
generally is demanding a more prac-
teal type of curriculum and instruc-
ton with less emphasis on the old
college entrance course of study.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03
HEPBURN S.G|F:.T
BIASED PRESIDENT
Ontario Premier Links
$5O0,O00 Campaign Aid
To Favor He Sees
Shown to G. |. 0.
RECALLS ~ MASSACRE
Quotes Roosevelt COndemning 1t Then
and Remarks Change in At
tlIde Toward Lewis

Orilla, Ont, July "a declaration
that the Ontario Government would
stop C. l. o. agitators "at the Detroi;
River" and a charge that President
Roosevelt had been favorably influ
enced to the c. l. O. because John I,
Lewis had contributed $50O,OOO to hi.
Presidential campaign, were mads
here last night by Premier Mitchell
Hepburn.
In an address to a Summer con
vention of the Twentieth Century Ii
baral Association, he denounced what
he described as the record" of M.
Lewis.
On the morning of June 2, 1922. he
said about fifty members of the
steam shovelmen's union, which was
at odds with the United Mine Work
ers. headed by Mr. Lewis, were
brought out of a strip mine of the
Southern Illinois Coal Company un-
der flag of truce with promise of
safe conduct to their homes.
Lined up against barbed-wire
fence. he said, they were fired upon
bv 500 union miners and about nine
teen were killed and twenty wounded.
The victims had broken no law,
but they had committed the unpar-
donable crime of refusing allegiance
and tribute to Lewis and his gang
the Premier went on. 1T was one of
the most atrOcious massacres in Unit
ed States history. Inspired as it was
by mob rule, it was roundly condemn
ed bv man we'll known to every one
of us here.
Il won't tell you his name until
finish reading what he had to say, be-
cause his name, then will be the more
interesting and surprising to you.
Here is what he said:
But a few weeks ago, in South
ern Illinois, as atrocious a massacre
occurred as is contained in our an
mails. Men were killed, not clearly kill
ed, but brutality killed, and up to the
time in which l speak there is no
shadow of conviction of the murder
ers in sight.
"A blot of this kind on our es-
cutcheon can be wiped out in but one
manner and one manner only, and
that is by due process of law. If we
are to exist as a nation, we must be
law abiding.
Ion the law depends our society.
Destroy law. and the country reverts
to tarbarism overnight. Destroy law
and we will be back in the days of
slavery, rapine and pillage, when the
strong Cypress the weak, when inter
est triumphs over honor.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03

- Without law, our civiiizatior
crumDles. Our government is arrano-
ed IN such fashion that it provides !.
method whereby we who compose Il
can change it,
!. That statement" the Premier tbon
ueciared' was made by none other
than President Roosevelt when he
was Assistant Secretary of. the NAVY.
mat was what he thought of Lewis
ism at that time.
BUT at that time Lewis had not
poured half million dollars into his
campaign funds. Well, 1 can say that
Lewis hasn't paid cent into our cam
paign funds here, and so we are in the
clear, and we can stop these people
at the Detroit River and will do So"
Asserting that Mr. Lewis was re-
ported to collect $36O9OOOO annually
IN dues, the Premier added:
is it any wonder that he can cor
rupt governments with a slush fund
of that size?
Mr.. lewis's sole concern, he said
was to extract money from the paw
envelopes of the workmen both in
Canada and in the United States. Not
long ago, he charged, Mr. Lewis had
sent an educational director of the
G. I. O. to Windsor with orders to
start sit-down strikes in Ontario, defy
the courts and take the law of the
country into his own hands
Declaring that under British law
and British institutions, labor could
expect fair play and Canadians could
settle their strikes and difficulties
without that bloodshed that occurred
in the steel districts of the United
States" he concluded:
1--WE do not want any of that in
our history and we won't have it as
long as we refuse to allow ourselves
to become subservient to Lewis, the
labor dictator"
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03

the next week or ten days.
AS result of the enactment of this
bill containing the original appropria-
ton of SD, 433 900, North Carolina will
get approximately 100000 a year
more than it has been getting from
Federal funds with which to provide
more vocational education in North
Carolina, Director Browne said. The
State is already getting about $780,
900 a year in Federal funds for this
purpose. So when the new appropria-
ton becomes available, approximately
$75O,000 a year in Federal funds will
be provided The $3.50, 900 a year must
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03
NEW YORK AND
WEST POINT

A Aforementioned train tours
using Seaboard's s. finest trains
Gives 4 days, 4 nights in
New York. Every expense
included, finest accommoda-
tions throughout. Dates
July 10Th, Aug. 2, 16, 30 Sept.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03

Z. days. Leave any Monday.
BY Seaboard aforementioned
train or modern Atlantic
liner. Sightseeing, entertain
ment, all day boat trip on
Hudson River. .0Nn
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-07-03
Larger Vocation
Program Assured
(Continueo from Page One0

CONTINUED from Page One.)
this week in a telegram from Senator
Robert r. Reynolds.
The bill was attached as rider to
the Department of the Interior ap-
preparations bill and is now in con-
ference, for the adjustment of minor
differences in the main bill It's ap-
proval by President Roosevelt is re-
garded as certain when the confer
ence committee completes it's deliber-
Evening star., 1937-10-07

PAY ROLL GAINS
TO SPUR TRADE
Factory Wages Show Jump
of 24.2 Per Cent Over
Levels Year Aqo.

Special Dispatch to The Star.
NEW YORK, October THE recent
high levels of industrial employment
and the accompanying pay roll gain
should act as stimulus to Fall retail
buying, according to Poor's Stock Re-
ports.
Factory employment recorded sea-
sonal expansion from July to August,
while nine Of the non-manufacturing
industries surveyeG also experienced
employment gains," states the report
These industries were somewhat off,
set by recessions in retail trade en-
ployment and decreases in six non-
manufacturing industries.
Factory wages showed a gain Of
24.2 per cent in August of this year,
compared with the same month of
1896. This gain accompanied a 9.3
per cent rise in factory employment
Employment has gained by mere than
100000 persons over figures for Au-
gust, 1896, and pay rolls increased $64.-
100000. Apparently private industry
has made considerable progress in alb
sorbing the former large volume of un-
employed, and those workers formerly
on Federal, State and municipal pay
rolls. The index Of factory employ
ment for August was the highest
with the exception OF May, 1937-since
November, 1929. Furthermore, the
wage index was the highest since the
latter month, with the exception of
April and May of this year.
These wage payments should rap
idly find their way into trade channels,
and serve to bolster the tagging Fall
retail trade recovery. AS a conse-
quence, consumer goods industries
should benefit, particularly those deal
ing in commodities in the necessity
and semi-necessity classes.
In the meantime, heavy industry
groups are likely to hesitate before ex-
hlbiting any resumption of their
former favorable trend. Railroad
equipment companies are experiencing
a dearth OF new business, with no in
dications Of any pickup in the imme-
date future. In addition, building ac-
tivity shows little inclination to break
into any new high ground"
Evening star., 1937-10-07
BANK RESOURCES
INCREASE SHARPLY
National Total Placed at Nearly
20 Billion and Well Above
Levels of Year Ago.
- the Associated Press.

- the Associated Press.
NEW ORLEANS, October 1.-THE
resources OF the Nations banks were
placed today at almost 10 billion dol.
lars.
The figure was disclosed in the an
nual report of R. N Sims, secretary
treasurer Of the National Association
OF Supervisors of State Banks.
He said that as of June 30, 1887
State banks had total resources of
S38, 44,777 ,e35.25 and national banks
S30337,07 900, the combined total
being s1,676, ,256,8O8 above last year.
The figures for State banks were
compiled by Sims from reports fur
nished by heads of State banking de-
partments and data for national banks
were obtained from the report of the
controller of the currency.
Sims placed the capital, surplus and
undivided profits Of the 10,453 State
banks at $4652 ,30O.3l297 and 5,299
national banks at $3O5O, O,113OOO. The
combined totals were $213.279 9948
above last year.
Deposits In State banks were S33.-
o28, ,207, ,587.o5, and in national banks
26,765, ,913,ooO. or 1890, ,4o4, 629 above
last year. Loans and discounts of
State banks were $13,674,672, ,291 .78
and national banks s8,812,895, 900.
Bonds, stocks and securities held by
State banks were valued at $685.
39l,554.34 and national banks at s12.-
22,287,000.
Evening star., 1937-10-07
-----$4S,s3o,00o $4s,334,ooo
GUARANTEEDRA
ISSUES PRAISED
Standard Statistics Points
to Small Number of De-
faults in Group.
Special Dispatch to The Star.

NEW YORK, October IA note
worthy feature of recent railroad his
tory has been the small number OF
defaults on guaranteed stocks, says
the Standard Statistics Co. in a cur
rent exhaustive survey Of this type of
security.
In all, there are upward of 14o we'll
known issues of this type. Approx
mately half of these, as determined
by the dates of the leases, have been
consistent dividend payers for more
than so years. while some two-thirds
can boast a 40-year continuity. Ex-
cellent records of uninterrupted pay
ments shown by the great majority
of such securities are the more en-
vlable when one considers the huge
total of bonds in default that in
evltahly comedies with a period of
great economic stress and financial
readjustment.
Long favored by insurance COM
panies, flduciary and other conserv-
ative investors, the guaranteed stock
represents a proprietorship interest in
railroad property which is generally
important. if not indispensable, to q
lessee railroads system. Its claim to
fixed income is supported by long
term lease, the validity of which is
well established. Under the lease the
tenant company pays a rental equal
to the stipulated dividend, plus other
charges and expenses of the lessor
company. In practical investment
sense these securities are comparable
to bonds. Unlike most bonds. how
ever, they are with very few excep-
tlons) -callable.
There are, of course, varying de-
grees of investment merit among guar
anteed stocks as in the case of other
classes OF security. This is particu-
larly true in the railroad industry,
which is subject to keen competition,
regulation. rapid changes in economic
conditions, wages, rates, etc.
BY and large, however, guaranteed
stocks, particularly issues represent
ing essential segments of railroad
properties, are generally desirable in
vestment mediums, even though mar
reliability IN most instances is rather
limited. Principal and income possess
a relatively high degree Of protection
in most cases. Guarantees are inde-
pendent Of earnings and in numerous
instances are strengthened by indorse-
ment on the certificates.
The railroads have experienced ap-
preciable recovery in traffic and earn
ings in recent years and, despite the
burden of higher costs, continued i'm
provement in net returns and finances
should be recorded by the majority
OF carriers.
Evening star., 1937-10-07
BANK LOANS SHOW
GAIN OF 8 PER CENT
By the Associated Press.

y the Associated Press.
NEW YORK, October Loans to
industry and agriculture by Federal
Reserve member banks in leading GEN.
ters increased for the sixth consecu-
tive period during the week ended
September 20. The total gain bettered
per cent.
Although strictly comparable data
+ not available, financial quarters es-
timate the current level is some l8
TO 20 per cent over the comparable
week last year.
Commercial, industrial and agricul-
sural advances by members in 10l
cities, reported by the Reserve Board,
compared as follows:
Week ended Sept 29----$4,81O. 900 900
PREVIOUS week 4,778 ,O0O, 900
Evening star., 1937-10-07
ACTION EXPECTED
ON MARGIN RULES
Officials Believed Weighing
Liberalization of High
Requirements.
BY GEORGE T. HUGHES.
Special Dispatch to The Star

bI IEOhUE Il. HUOHES.
Special Dispatch to The Star.
NEW YORK, October There is
every reason to believe that the au-
thorities at Washington have under
consideration liberalization of mar
gin requirements. At present the
buyer of stocks on margin is COM
PEELED to furnish protection to the
amount OF SIS per cent of the market
price. Or, to put it the other way
around, the loan value of stocks is
Is per cent. The understanding is
that this will be changed so that
only 40 per cent cash will be required
on an original purchase, or, in re-
verse, the loan value will be so per
cent.
The Street has been complaining
about the stringent margin rules ever
since they were first promulgated,
and the outcry has become more
vociferous since the present reaction
got under way.
1t has been argued that the de-
cline has been accelerated by the
restrictions and even more by the
fact that the volume of new buyinp
was held down by the amount of
cash or its equivalent that was in
sisted upon.
If the report that modification las
been decided upon proves correct, it
Will release buying power, provided,
OF course, the owner of the power is
willing to use it.
1t is also reported that short sellers
Will be required to protect their COM
mltments on the same basis.
AS 1t stands now. the rule is that a
bear must have cash sufficient to cover
. 10-polnt advance in the stock of
which he is short. The new proposal
is that a short must put up 40 per
cent of the market price of the stock
he is selling. If adopted, that would
put bulls and bears on parity as
far as margin is concerned.
So far, all the advantage has gone
to the bear. The theory doubtless was
that If margins were high enough to
prevent stocks from going up extrava-
gantly no one need worry about their
coming down.
1t has been asserted that. if the
present margin rules had been oper-
aive in 1929, the rise would have
been much more moderate and so
would have been the resulting break.
That theory has been shaken by re-
cent events.
(Coryrisht 1887. by the North American
Newspaper Alliance. Inc.)
Evening star., 1937-10-07
PARIS BANK CHANGES.
q. S. TREASURY POSITION.
BY the Associated Press.

The position of the Treasury October
3: Receipts, S19. .693, ,620.74; expenditures
oa5.96; customs receipts for the EN- month
$6, 433 649.63
Receipts for the fiscal year (since July
II. Sl.T22 .110,64999 expenditures. So
0.760 1872 81 including S556. 800, 704 .OS:
excess of expenditures. S33S. $40 4S2 .53;
gross debt. S36.936. .S52, 0S3.42. an increase
Of S4 4.109. .053.35 over the previous day;
gold assets. S12. 162. 500. .74O51. including
S1.231. $40. 1877 90 of inactive gold.
Evening star., 1937-10-07
Large Cain Shown
In Construction
Awards of Week

BY the Associated Press.
NEW YORK. October 7-Engineer-
ing construction awards for the week
ended october 5 amounted to $48,-
$4,000, the Engineering News-Record
reported today.
This is Is per cent gain over the
previous week and per cent over the
corresponding week of 1886.
The comparative table shows:
Week
ended Oct. S. Year ago.
Private ------$25 1885, 900 $l8,570,O0O
Federal ------ 4,048, 900 1920 900
State-municipl 19,393,000 24,844, 900
The Waterbury Democrat., 1937-10-29
Lester Young Sells
 Many NelO Homes

active real estate dealers in the city is Young Brown Building at 20 East Main Street. enjoyed coorfu Real Estate since ang business himself twelve previous to which he
The Waterbury Democrat., 1937-10-29
John ). Horon Is
 Active Home Builder

People who own the homes they live in have done more toward bringing about higher standards of maintainance and improvements IT Waterbury than any other class of property owners, is the opinion of John J. Horan who has been ac- lively engaged in the real estate business in the city for many years.
 MT. Horan head of one of the oldest real estate companies in Wa terbury went on to say: "A home which is owned by the person who lives in it is really a home beauti- ful for several reasons. Namely be- cause a home owner can afford to make improvements such as a rec reation room, glass blocks, new kitchen or new woodwork, in order to add to his own comfort and en- joyment of the home. These same improvements naturally are not a hood business investment for the rent payer or the landlord"
 q guess to sum it all up, it would be safe to say that Waterbury has so many well kept homes because their owners are having a lot of fun living in them, they plan and scheme what is best for certain needs, they really enjoy making inn provements around their homes.
 Asked about his opinion as to the most favorable time to buy a home. MT. Horan said T would advise anyone to buy home now, rents are increasing, soon they will be at 8 premium, the combined costs of labor and materials, which have
The Waterbury Democrat., 1937-10-29

been on 8 decline since mid sum- mer, has now reached the bottom, now they will start climbing"
 MT. Horan for many years one of the leading home builders and real estate operators in this city has specialized in building moderate priced homes which may be pur- chased for a small down payment, the balance can be paid in easy convenient monthly terms. The monthly payments under the sys- tenn which MT. Horan employs makes it cheaper for a person to pay the monthly payment than it is to pay an average rent.
 At the present writing MT. Horan has a number of very desirable homes which have only recently been constructed which he is of- fering for sale at bargain prices. MT. Horan is known throughout the city for the fine, honest manner ill which he does business.
The Waterbury Democrat., 1937-10-29
Frank Rice Expert
 On ReoI Estofe

According to a statement made today by Frank L. Rice prominent real estate broker in Cheshire there is 8 very definite trend on the part -of people living in cities to buy homes in suburban territory. This, he said, is especially true since the rent shortages became so acute in many of the leading cities in Con- necticut.
 He went on to say that people to- day more than ever, are thinking and planning on buying their own home in order to safeguard them selves against rent increases, etc. He stated that it is his opinion that generally speaking the American people are more interested in own- ing their own homes than ever be- fore and this is due no doubt, he said, because of the manner in which rents have been increased so rapidly in recent months.
 MT. Rice is well known through out New Haven County where he has specialized in selling real estate of all kinds for many years. At the present time, MT. Rice has informed this writer that he has a long list of desirable homes for sale and for rent. This list he sad includes practically every type of real estate property, from five room houses to four family houses. From beautiful expensive homes to more moderate ones. In fact he said his list in- cludes just the kind of home you have in mind.
 In his position as the leading realator in the town of Cheshire MT. Rice naturally is in a position to know all of the vacancies in his vicinity. He is an expert appraiser of real estate property, he knows the real estate business and he naturally is in a position to help you with your home buying problem.
The Waterbury Democrat., 1937-10-29

standing suburban developments in this section
 At time developing large tract of land the Cheshire Road known Cheshire Heights This development was today there three nice modern completed construction that development due its close proximity to Wa miles Place. within onefare limit family live in real suburban tion glorious the surrounding country heaf this tract there large and desirable homeSes available.
 Young morning there remarkable activity The large number Of this period leaves the market 19 his opinion tendency toward much higher prices the future