davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1937-04-15

Before stating the remedy this condition. let me briefly
explain what we have been doing.
Some people think that raised price of gold Just
raised the price of wheat cotton and silver and
we following by taking gold at artificially high
prices just have stored wheat cotton and silver
There is however, big difference Gold is the yardstck
winch we use to measure international values and probably
mas an indirect effect even on the Of values at
home.
What really have done the gold dol
lar from 1922 grains to about 1879 grains The result is that
ounce of gold makes 35 gold dollars instead of only 26
gold dollars as it used to do.
Them instead making the smaller gold dollar effective by
using it in this country have prohibited its Our prices
measured in paper dollars The result that prices
have risen the gold dollar fallen in value
Since paper dollars convertible gold dollars they
aper dolar) have fallen in purchasing power proper
ton to the devaluation of gold dollars.
So foreigners gold They exchange gold for
dollars the basis of 1879 grains per dollar This gives
securities and commodities with paper dollars They able
to buy these things at prices which have not risen
price of gold has.
They plan hold these securities and commodities until prices
here In other words they will wait till paper dollars
to less than that of gold dollar Then the foreigners will
sell out for dollars exchange these for gold and take their
gold home again-at big profit.
These foreigners do really securities
ave commodities They want profit by devaluaton Of
the gold dollar They understand it. We don't anyhow we
not allowed to have any gd So they have led going
short of paper dollars.
There are two remedies for this condition
The first revalue the gold dollar by increasing its
size That would reduced paper price for gold The
aim would be to peg the existing value Of the paper dollar
This do consider desirable probable To be effec
tive the price of gold in paper dollars would to be
reduced something like $26 per This would
drastic shorterm market effects It would disrupt
ment finances
The second remedy to make the existing gold dollar
he so-caed SO cent dollar effective In Short is to
make the value of the paper dollar equal value the
existing gold dollar
This could be done in two ways (a) Either go back
bullion standard internally that overvalued gold
dollars could partly drive paper dollars b) Or esab
ish free gold market that and know exactly
dollar.
The Washington times., 1937-04-15
PICKS
OFFICERS

Noes S. Hecht was elected chair
man of the board and Alexander
Hecht president and director Of
the Hecht Company at the an
nual meeting. Other officers and
directors elected for the ensuing
year include:
Harry Davidow, vice president;
Charles B. Dulcan, ST., vice presi-
dent and director; Moses H. Good
man, vice president and director;
Henry H. Hecht, vice president
and director; Howard S. Hecht,
vice president and director; NAL
colin Hecht, vice president and d.
rector; Robert E. Hecht, vice presi-
dent; Samuel H. Hecht, vice presi-
dent, treasurer and director; Stew
art E. Hecht, vice president; Syl-
van H. Lauchheimer, director; J..
j. Miller, vice president, assistant
treasurer and director; George M.
Quirk, vice president and assistant
secretary; j. w. Roedol, vice presi-
dent and secretary, and H. o.
Schloss, jr., vice president, assiS-
tant secretary and director.
The Washington times., 1937-04-15
D. {. BANKERS
IN COUNCIL

Several prominent Washington
bankers are scheduled for active
participation in the coming meet
ing of the executive council Of the
American Bankers Association to
be held at Hot Springs, National
Park, Ark, on Monday, Tuesday
and Wednesday Of next week.
Among washington men Off
cially connected with the program
are Robert v. Fleming, president
Of the Riggs National Bank and
immediate past president Of the
American Bankers Association,
who is a member of the admins
trative, executive and other COM
mitteeS.
Others are Sidney F. Taliaferro,
vice president and trust officer Of
the Riggs Bank, member of the
executive committee of the Ma
tional Bank Division and chair
man of the Committee on Federal
legislation: Wilmer j. Waller, vice
president of the Hamilton Ma
tional Bank, member Of the ex-
ecutive committee and a member
of the banking studies committee,
and Edgar e. Mountjoy, Washing
ton representative of the Ameri-
can Bankers Association and Sec
rotary Of the National Bank Divi-
sion. George o. VaSs, vice preSi-
dent and cashier of the Riggs Ma
tional Bank, is also a member OF
the executive committee.
President Tom K. Smith, of the
American Bankers Association,
will preside at the general council
meetings and final reports on
various topics will be presented to
the c0unci1
The Washington times., 1937-04-15
Banking Concern
Reflects Directors

stockholders Of the Southeast
ern Industrial Bankers, Inc, yes
terday reelected all of the 80
directors who served the company
last year.
Following the stockholders meet
ing the board Of directors met and
reelected officers for the coming
wear as follow: C. M. EiSele, presi-
dent; M. w. Bohrer, vice preSi-
dent; Lewis Eisele, vice president
and secretary, and Paul w. Ches-
lev, assistant secretary an d
treasurer.
The Washington times., 1937-04-15

Profit MuItipIies
International News Service

Nash elvinator Corp. net
profit for the three months
through February for Nash and
for the two months for Kelvin
ator, amounted to combined
$709,5 1858 as compared with COM
bined earnings of $65, 1871 for the
like periods q year ago.
The Washington times., 1937-04-15

ticularly in France. The French franc Of late
has shown distinct weakness in exchange for
dollars, and French internal prices have
scared; which proves that the purchasing
power of francs has been declining both at
home and abroad. Press reports have it that
food prices in France jumped AZ per cent in
March.
Naturally, therefore, French funds have
tended to go abroad.
But the movement of gold into this country
is chiefly caused by conditions here, and chief
among these conditions is our "undervalua-
ton" Of the paper dollar. In other Words we
The Washington times., 1937-04-15
Treasury Condition
International News Service

IntefnatIOnaI N0WB SerVIc0
Treasury balance as of April Is,
al .8O3 1893, O7154. Miscellaneous
internal revenue, $4,515,3 1902 so.
Customs receipts, $19,761, 2S6.00.
The Washington times., 1937-04-15

oA 81 Zenith Radio 1r,... S3I 3236 SAL 4
w Ia Zonte Products -.
Optional (bl Extra stock (S) LiGuh
dating dividend ~ On account tE Paid
I 1898 crI Paid payable this tww' With var
tzwI without CD EEdiVtdsnd 90 EH'
rights Yearly preferred Stoke
corn grind of 6,218669 bushels during the
month of March for products going into domestic
use was reported through the Corn Industries
Research Foundation in behalf Of II refiners OF
starches syrups sugars and other products Of corn
The Washington times., 1937-04-15
HANEY s:2 Ss: s: CHI: s:::: :; s:.
By LEWIS HANEY

Professor Of Economics, New York University
Gold keeps coming into the country Day after day,
engagements" are announced. 80.
This disturbed foreign conditions
The Washington times., 1937-04-15

S2s %. yellow Truck ... ol12 81 3lB- Il
46B 40 Young Sp w (&rl '24 1874 49, Z
l0lH Is Youngstn SGT CAD $50 $50 $50 e
The Waterbury Democrat., 1937-03-16
A Dying Land

It is hard for anyone who has not seen a dust storm, or been in the parched land that produces them, to realize the desola- tion they make. Here is part of descrip- tion written for the New York Times by an eastern man, travelling west on the Union Pacific. It was morning in western Kansas.
 Suddenly realized that we were in dust storm. What is dust bowl? If 1t were not for the few gaunt, bare trees seen occasionally in the distance, would think this country flat Sahara Desert, except that the ground is hard and brown, and not rolling and sandy white.
 "It is not desert in the sense that you see only vast reaches of land, as in the Sahara. What makes you think of desert is the lack of life. The land looks dead. have not seen more than one or two auto- mobiles driving on the road that parallels the railroad track for hundred miles or more.
 q have seen human beings only the bleak, deserted-looking villages, consist ing of few shacks, that we have passed, or at which we halted to pick up water. Houses empty, yards empty. I have not geen a single child in these ghost-like, pathetic villages. The few persons I saw looked like lost people living in lost land.
 T do not exaggerate when I say that this flat land, this country in which the soil is blowing away, and piling up in mounds, and filling your eyes, your mouth and nose with. grit that irritates the throat and lining of your nostrils, am not exaggerating when I say that it makes me feel I am looking at dead land.
 "I see death, for there is no life; for miles upon miles have seen no human beings, no birds, no animals. Only dull brown land, with cracks showing; ground that looks like gray clay. Hills furrowed with eroded gulleys-you have seen pie lures like that in ruins of lost civiliza- tionS."
 The ghastly story runs on like this for two or three columns But here is enough, perhaps to make any sensitive American realize what is happening over an area perhaps as large as Germany or France, which was fertile and full of life and hope only few years ago. And can it be saved? At any rate, it seems worth trying.
The Waterbury Democrat., 1937-03-16
If We Had Bought Stocks

Thousands of people have been kicking themselves, during the last year or two, for not buying good securities at the depth of the depression and hanging on. Tn thinking back, they usually realize that they hadn't much at the time to buy stocks with. But most of them could have got hold of little cash somehow. And just think! There was U. s. Steel, for ex- ample, selling around 16 Steel was a fundamental thing, the basis of our in- dustrial civilization. It couldn't go much lower. If it did, everything would be gone even insurance policies. If our mechan- ical civilization survived, the steel busi- ness would survive; if it didn't, nothing would matter. Why not take the plunge?
 But most of those people didn't take the plunge. And now, with Steel Common about $125 share, they naturally think they were fools. In four years they could have made nearly 1900 per cent profit. Yes, it's too bad. But they were not neces- sarily fools. Many of the would-be speculators used their money for imme- diate purposes really more important than any future investment prospects. As for the rest = if they had tried that gamble, and won, they would probably have kept right on gambling in stocks, taking themselves for wizards, losing their judgment, and eventually losing every thing else.
The Waterbury Democrat., 1937-03-16
Supreme Test

Harry Hopkins warning that we shall probably have at least 100000 people normally unemployed" in even the best of good times is a sharp reminder that we can't expect rising business indices to solve all of our problems for us. We might as well make up our minds, says MT. Hopkins, that a good many people are "going to have to get their share of the national income by means of various types of government benefits"
 Why? Because, he explains, we don't need all our man-power to produce the goods that we can consume; because there is always certain number of peo- pie who just can't earn their own living anyway; because people keep on living atfer they get too old to work. If MT. Hopkins is correct and he ought to know what he is talking about, having had his nose up against the relief grind- stone for long time-we are going to have to accept the fact that the relief problem is a permanent responsibility.
 This carries along with it some far reaching implications about the functions of the national government. A continu- ing responsibility like this one will in- evitably be left in the lap of the govern ment. By accepting it, the government must automatically make itself reSponsi- ble for the under-privileged as group not merely for the people who are actu- ally on relief, but for all the low-wage people who will go on relief the moment the economic machine slips it's gears a bit.
 That is to say that the government will be expected to see to 1t that square deal is provided for the people from whom the relief rolls are recruited - the share croppers, the tenant farmers, the casual and migratory workers, the unskilled laborers, and so on. All of that adds up to quite load of responsibility. No one can expect that the government will carry it indefinitely without demanding the power that goes with responsibility.
 Now it is extremely unlikely that the average American wants to see his gov ernmcnt given that power = for it would involve, among other things, the power to fix hours and wages in industry, and the power to regulate agriculture, both powers that returned to the dust when the MIRA and the AAA died. Yet that is the sort of thing we are facing if we sit back and resign ourselves to the con- tinuing existence of a governmental supported army of 100000 unemployed.
 Here, then, is the supreme challenge to private initiative. If it can absorb these unemployed, prove that consump- tion in a free land can keep pace with production, and, in short solve the prob- lem by abolishing it, we can forget about this talk of giving the government wider powers If it can't, we are going to hear such talk in ever-increasing volume.
The Waterbury Democrat., 1937-03-16
Ban on Air Guns

The New York city board of aldermen plans to extend the present law regulating firearms to air rifles and air pistols It is already illegal to discharge firearms in the city except in such places as shooting galleries. There are no restrictions for air guns, although they are dangerous enough when misused. There are air guns now on sale said to be powerful enough to send slug through half-inch plank at a distance of 100 feet. If they hit human eye
 It is just as well to confine all kinds of shooting to galleries and targets Even the most harmless toy guns have their perils if small boys are allowed to aim them at people, thus developing habits of carelessness and mischief which arc carried over to the handling of real weapons
The Waterbury Democrat., 1937-03-16

April 2 should be an interesting day at the Capitol for at that time hearings will be held by the judiciary committee on bills calling for Scent transportation fares within city limits. One of the bills to get hearing will be that of Rep. Dan- iel J. Mahaney of this city For some few years now MT. Mahaney has been active in the fight to promote the five-cent fare again. Rarely session, to which he had been elected, passed without a bill under his name calling for the Scent fare in Waterbury. They will be held this year, because Rep. Benjamin Leipner of Bridge port has similar bill up for hearing at the same time. He recently made plea for bus and trolley patrons to register their feelings with the committee at the hearing. It's rather odd that the bus and trolley-riding public has always been apathetic towards efforts in it's behalf along the lines of reduced fares. We &C., cept them, but seldom go after them.
The Waterbury Democrat., 1937-03-16
Answers To Questions
By Frederick M. Kerby

e. What is the difference be- tween red and pink salmon2
 A. They are different species, the red or sockeye, and the pink or humpback. The food value IS prac- tically the same, except that red salmon contains more oil, is more popular, and consequently more ex- pensive. Gamers introduced red salmon to consumers before they began canning pink salmon.
 e. Where was Marian Marsh the motion picture actress, born and reared?
 A. She was born in Trinidad British West Indies, and was brought to America at an early age She has lived in Springfield and Boston, Mass, New York and Holly wood.
 Q. Who is the Black Pope and what is the significance of the title? Is he Negro? ar5
The Waterbury Democrat., 1937-03-16
Selected Poem
RIME OR REASON

Spring Song (Jennie E. Hanson Hamden, in the New Haver
 Journal Courier) Oh for bit of the springtimes wood And the sight of things a-growing Down by the path, where boy I stood With the fragrant air a-blowing! Oh for sight of the mountain blue Down whose side the wind comes signing, Where all the life of the woods ring true, With the spring birds round me hyingI Oh for the sound of the purling brook Ger the stones as it ran singing, Down by the alders. hidden nook And a boy on oak bough swinging! Oh for hold on a rod and line Ger that pool. where trout went darting! To be free from wealth and care resign Just boy for meadow starting. Oh. for bit of the years agone And the hearts youth. ne'cr returning, The eager mind, with its life a song With all lifes lessons first learning Then oh, heigho. the long time ago, With memories glad to console usl Then oh, heigho. life's pleasures that go,
The Waterbury Democrat., 1937-03-16
T estfY Q ur Knowledge

Can you answer seven of these test questions? Turn to last page for the answers.
 1. Do ex-Presidents of the U. S. receive pensions?
 2. Tn which city is the famous Grosvenor Square?
 3. Who played the leading female role in the motion picture. Cradle eong?"
 {. Of which country Is Lisbon the capital?
 s. What treaty ended the war with Mexico? 6. Who was Francois 0irardons 2. Tn the church calendar. when is Ghroye Tuesday?
 6. which state is nicknamcd the Palmetto 6iate7"
 Q. When was the Cotton 0enien- tlIal Exposition in New oFleans? 70. Are guupies tropical fish7
The Waterbury Democrat., 1937-03-16

epic proportions.
 Note 1: Above figures do not iri- clude intra-governmen loans, namely loans made by the REC to the EZRA, CWA, WPA, and other government agencies. While carried on REC books as loans, actually the transactions were merely the transfer of govern inent funds from one pocket to another.
 Note 9: The railroads admit that one reason for their haste in government ownership. They fear paying up is to head off talk of that Roosevelt, having polished off the supreme court and a lot of other things, might find time to concentrate on them.
 Court vs. Congress
 Ham Fish, hard.working con- gressman from Roosevelt,s own district along the Hudson, is among the few on Capitol Hill who grasps the fact that congress has the. power, under the consti- tuition, to regulate the jurisdic- ton of the supreme court. In other words, congress can specify what type of cases can come be- fore the court and how an act of congress may be declared uncon- Stitutional.
 Ham has just introduced a bill mot a constitutional amend- ment, but an ordinary, simple act of ess-specifying that the supreme court shall not "invali- date an act of congress except by a decision of two-thirds of the justices"
 It won't pass, but 1t lays down an important principle.
 Merry Round
 Jim Farley is being urged to issue 8 special stamp in commem- oration of Edwin Booth. great Shakesperean actor. After his brother killed Lincoln, Booth re- tired from the stage, later made a triumphal return. The new industrial unions Bill Green pro- poses to organize will be called Federal" unions, being directly afhliated with the A. F. of L.. (.
 Copyright, 1897, by United
 Feature Syndicate, Incl
The Waterbury Democrat., 1937-03-16

Over the hills and far away! That's what they're singing in Ohio these days as work of bringing order out of flood chaos continues. And some communities in the Ohio river valley are going to move everything from present sites to new ones miles away on the hill-tops That should be quite sight-to see town or village pick up it's entre belongings and move it in toto to new site where no flood waters will ever disturb the peace and bring death, ruin, and desolation.
The Waterbury Democrat., 1937-03-16

for Industrial Organization
 These were the chief develop ments behind the scenes at the mysterious conference of A. P. of L. organizers staged in Washing ton recently.
 Green did not shout it to the public, but he told the field men to go out and organize not along old A. r. of l.. "craft" lines but from top to bottom in one uni0n."
 To get the full import of this, remember that the death strug- gle between AFL and CIO be- gan over the question of indus trial uniOnization. Green and his old -line union chiefs wanted to stick to 8 lot of different "craft' unions within each industry. Lewis and his CIO stood out for putting all the different groups of workers within any one mass production industry under one big union.
 It was for this that Lewis and about one-third of the Federation unions were suspended. But now that Lewis has achieved such spectacular success, the A. F. of L. moguls have quietly adopted the industrial union tactics of their hated rivals.
 In other words, it wasn't mat ter of principle but of personal prejudice and spite which caused the civil war in labor,s ranks. It is a close parallel to the personal prima donna rivalry now split ting the liberals over Roosevelt's supreme court proposals.
 Money Talks
 But there is more than person. al revenge behind this abrupt shift in. tactics. Green and his allies must now look to their fi- nances as result of the split.
 Their suspension of the CIO unions last September cost them paying members. Since that time the CIO has boosted it's rolls to 1,SOO, ,O0O--just g little below the 2,0OO,0OO now left in the A. F. of l.. Thus, while the old federation has been steadily losing members, its youthful rival has been garnering them in wholesale lots.
 The CIO unions also took away with them $l2,500 a month, or $l50,000 in annual dues. Since then, other unions bolting the federation have cost 1t another $150,O00 of annual revenue.
 A $300,000 slash from 8 previous income of $1,000.0OO is a hard blow for the A. F. of l.. budget.
 The fat salaries of Green and his moguls have remained 'un- changed. Other expenses are as high or higher. Something des- perate had to be done-even to the extent of swallowing pride and raiding the enemy by aping his tactics.
 Green is stalking everything on this maneuver. If 1t Hops, either he will have to take a big cut in pay or make peace with Lewis. Out of Hook
 Significant sidelight on business recovery in the U. s.;
 Banks, railroads. insurance com- panies and other firms that bor- rowed heavily from the Recon Struction Finance Corporation rapidly are getting out of hook.
 REC repayment figures reveal the startling fact that the giant leading institution is now more than 70 per cent llquidated. That is, it has collected more than two. thirds Of the billions 1t loaned Here are the figures
 Disbursed .... S0.li0.4S4,S5 ,S52.DS
 Repaid ...... el.A7l. .D25. .ego.D5
 Unpaid sl,D35, ,Ss5 .le2.ol
 This ls an extraordinary record. Considering the magnitude and variety of the loans. plus the un- favorable economic conditions un- der which the bulk Of them were made. the Tepaymenn approach
The Waterbury Democrat., 1937-03-16
UNIONS TO BLOCK CIO
and ROBERT z, ALLEN
nw DREW PEARSON

Washington, March 16-LateSt significant develop ment of the Bill Green-John L. Lewis labor war is ) that Greens American Federation of Labor faces important loss of revenue; CD that the A. F. of L. is adopting the identical industrial union tactics for which it once beated and suspended Lewis with his Committee
The Waterbury Democrat., 1937-03-16

JnS ueVASC&LuiB work of sweep ing oil the front steps or Scrap- ing the snow from the side- walk aroun q the house, 1t seems fitting to return to the child CD labor a in e n d m e n t
 which was pro- ed and con-ed in Hartford a week ago to- day. And then
 naIl Atan Ssy1an1a
The Waterbury Democrat., 1937-03-16

Some people involved in this constitu- tional fight seem to think it's unconsti- tutional to smile.
The Waterbury Democrat., 1937-03-16

People eat oysters in Feb'uary just as if the month still had both its "r's'.
The Waterbury Democrat., 1937-03-16

If you want a copy of our book le. Jn Vegetable Gardens" write Tn" Waterbury Democrats Wash in ton Bureau, 1912 Thirteenth Street, Northwest, Washington, D. ] c. Enclose cents in, postage.
The Waterbury Democrat., 1937-03-16
BY WAY of NO HARM
James William FitzPatrick
. by

fhe comments opinions conclusions appearing those of the writer They necessarily editors DEMOCRAT they construed invariably
 . reflection oe their viewpointl.