davidaulloa/AmericanStories huggingface dataset:
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

/ sneezed a sneeze into the air:
1t fell to the ground, I know not
where.
But hard ana cold were the looks
of those
In whose vicinity I snoze.
Boy: But, officer, you cant arrest
me. I come from one OF the best
families in North Carolina.
Cop: That's all right, buddy, I'm
not arresting you for breeding pur-
poses.
I'm self-made man."
You're lucky. I'm the revised
work OF a wife and three daughters"
Certainly respect your legal
advice Mr.. Bell. but what good is
alimony on a cold night?"
What is home without a moth
err" asked the good looking young
man.
Well" replied the sweet young
thing, Il am tonight"
"How's your new girl?"
Not so good"
You always were lucky"
I knew a girl named Passion
I asked her for a date;
l took her out to dinner,
And gosh! How Passionate.
Wisdom: Knowing what to do
next.
Skill: Knowing how to do it.
Virtue: Not doing it.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

1925 on four 500 stocks under the new
rules. The rules also required 10 points
protection on short sales. That is, IL
the stock went up after a man sold a
stock short" he had to keep putting up
more money, to protect the broker 10
points.
The SEC intended to take the gambling
out of the market but did mot reckon with
the human element, for the public con-
tinued to gamble on a climbing market,
even though 1t .'cost more for a stack Of
chips" In the gambling parIance.
When the prices got up to "a place where
the professional gamblers saw a chance,
the market was tOppled over, as before,
by short sales. That Is, a man who
perhaps had no stock but had money
enough to buy it, If necessary, tossed
big block of ft ON the market, knowing
that under the SEC rules 1t could not
absorb large block of stock.
ON the very system that the SEC has
built up. The market was without
Shorts to absorb the stock at it came
down. The stock market was thin.
There were not enough buyers who could
quickly dig up the $50 of cash required
to absorb the block of stock. Since 10
was up to Tom, Dick and Henry POSSIBLY
genuine lUVcSUOESj SC<aCDercU over N&le
country, their impulse was to join in
the selling rather than try to absorb the
big block. In the OIden days the old
line traders would quickly ObsOrb a big
block of stock, because it did not take
much money, under old practices of
marginal buying, to hold up the market.
Now the federal reserve board has
again stepped in, trying to right the
situation. The marginal requirements
have been reduced to 40 per decent. That
is, four shares of stock worth 500 each,
can be purchased on margin by the de-
post of $3.50.
The most important move, however,
was new rule requiring a so per cent
margin on short sales. Says the United
Press: Imposition Of the increased mar
gin requirements on short sales was an
innovation from the boards standpoint.
A stock exchange rule requiring only 10
points protection on short sales had been
in effect
The 55 per cent margin had been in
effect since Feb. 4, 1885. The new re-
gulatiOns go into effect on November I
Monday.
Up in Canada, where stock gambling
became too rampant, the government
stepped in many years ago and OutIawed
short" sales. In other words, man
could offer to sell unless ne had the
stock in his possession. Schemes for
borrowing" stock were worked out, to
circumvent the law, but it did curb the
professional gamblers who formerly sat
in the role of vuItures, ready to despOil
the market, whenever weakness APP
peared.
The fact still remains that the Ameri-
can stock market is i'm a dangerous pO-
sitiOn. The recent drop I'm values, which
was doubtless artificial at its inception,
indicates that If a REAL crisis were
reached-such as the actual declaration
of war in EurOpe-there would prob
ably be a disastrous collapse in the prices
of American stocks and bonds and there
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30
THE PETROLEUM INDUSTRY

The Petroleum industry is one OF
Americas greatest industries. We
have an investment of approximate
ly thirteen billion dollars-employ
ing over a million persons. Its
annual payroll exceeds a billion
five hundred million dollars. It's
annual purchase of supplies and
equipment exceeds a billion dollars.
1t pays to the landowners of the
United States approximately two
hundred million dollars per year.
The taxes paid to the governmental
agencies of the United States and
its divisions from the petroleum in
dustry and its products for the
year of 1886 amounted to approx
mately one billion a hundred eighty
million dollars.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

She's been on more laps than
napkin
Walter Winchell.
Two old miners, who were a bit
on their luck, hired out to a farm
er to dig potatoes. He put them
TO work and went away. When he
came back that evening there was
a hole about ten feet deep in the
center Of the field. When he asked
them what the idea was, one Of
them looked up at him and said:
We'll, the damned things held
out good for the first foot or so
and then they pinched out on us
and we amt been able to pick up
the lead yet, but Wen get her If
she's to be gotl"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

There once was a man not unique
Who imagined himself quite
shique,
But the girls didn't fall
For the fellow at all
He made only twenty a wique.
In the hills of Arkansas a son
was born to one of the natives. As
he grew from infancy he never spoke
a word and his parents raised him
as a deaf mute.
One day the father was bent over
at his work in the orchard and did
not notice that he was directly in
the path of an enraged bull.
Look out, Pa" the son shouted.
"Here comes the bull"
The father ran to safety and ex-
pressed his joy that his son had
found his speech
well, Pa" the son replied, 81
just amt had nothing to say before"
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

~ NE result Of the present stock
market tempest, we are certain
- will be the conversion of many
market gamblers into INVESTORS in
extractive industries: industries which
have minerals in the ground as the basis
OF their worth
The stock market is intended as a
place where man goes to buy partici-
patton in commercial and industrial en-
terpriseS which he believes are destined
to make fair profit on the investment.
But Wall Street has long since forgotten
that basic idea. The man who buys
stocks today frequently forgets whether
there is true worth behind the stock; he
only thinks he knows that tile stock is
GOING UP. He cares nothing about the
dividends earning power of the con-
Germ. He merely tries to pick a GOOD
concern so that the stock is the more
likely to go up.
For the convenience of this type of
Investor" THE institution of MARGINS
was established. Thus by the payment
of few dollars the investor ties up
a number of shares of given stock
(rather than buying one or two shares
Outright) and then he waits for THE
suckers to come into the market and
pay more than he has agreed to pay. II
the market goes up, he tells his broker
to sell and the difference between the
price he AGREED to pay and the price
the sucker pays Is his profit. II the
market price goes down, he Is called
upon to make up the difference to the
broker. Failing to pay, he finds he has
lost his down payment.
The down market provided another
avenue IOf investment so dt was ar
kEak ttualH
short" Thus a man was allowed to sell
stock which he did not possess, ON the
theory that the price was going down
and he would be able to buy and fill
the orders of others at price less than
he had agreed to pay. Thus the lin
siders" have precipitated practically every
stock market crash In history by topping
a tOp-heavy market Ey short sales. Percy
Rockefeller is reported to have made
many millions of dollars by selling short
in the market crash of 1929.
Thus the market is no better than
roulette wheel. People do not invest"
They GAMBLE ON the market. Tint man
who goes to the market to INVEST finds
himself caught in the whirlpool of gamb-
ling, no matter what lie does
HV HE public at large does not know
much about the stock market. Many
who have ''taken fIyer~ on the
market have no idea of its inside work.
ings. They depend upon some stock
broker or an acquaintance who passes
out tips" After the crash OF 1929 the
people at large began to complain and
the Securities and Exchange Commission
stepped in, fortunately for Wall Street,
and set up regulations intended TO re-
turn the market to the rating of market
place" instead of gambling place. New
rules then provided that a buyer of Sc
curtties on margin must deposit with his
broker an amount equal to 50 per cent
of the amount involved in the purchase.
Formerly il was as low as 25 per cent.
In other words, where gambler formerly
could buy four 800 stocks on margin
upon payment of $780, he had to deposit
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

would be no such thing as a cushion"
for the bottom. The bottom would mere
~ drop out, for the law prevents traders
from absorbing heavy selling.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

Washington reporters have
Definitely renowned the plan of heavy spending
bolster business and prices feels that spending be
reduced and the budget balanced and that price
halted Abandoned the Supreme Court reorganization
Come to the belief that the do for the
country by returning of the original detectives of his Admin
sratonfar aid and control of wages hours Decided
attention international affairs (hs widely praised
Chicago speech marked the sendf hee cover of
emphasis from old policies which have failed
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30
OIL SHIPMENTS GAIN

Oil shipments to the Orient gave
California a record month for oil
sales in August when 23,9O1,O11
barrels were sold, including $780,
600 for the Orient. The August,
1886, record was 2O,O9S,772 bar
rels.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30
DO YOU WANT TO GAMBL E
OR INVEST?

would be no such thing as cushion"
for the bottom. The bottom would mere
~ drop out, for the law prevents traders
from absorbing heavy selling.
wAv HEN all is said and done, there
~ Is only one real INVESTMENT
and that is In something that can
not be erased by the whims of stock
gamblers.
Oil in underground storage is about
the best investment in the world If
the investor can figure that he has AN
investment of 5 cents or 10 cents per
barrel in such oil, does not have to pay
any taxes ON 1T while 1t remains in the
ground, and Is sure that It viii be de-
livered to him FREE OF COST OF PRO
DUCTI0N whenever the market affords
its profitable extraction, then he can
sit calmly back and enjoy watching the
gamblers cut one anOther's threats.
That is the position of the royalty
owner. During the depression the people
who came through 1t best were the owners
Of landowners royalties. Their incomes
may have sagged so per cent or more
BUT THEY STILL HAD AN INCOME.
And they knew mat If worst came to
worst, then their income would stop but
their property-the principal of their
investment-wOuld remain. Also, when
prosperity returned, their royalties came
back into production and I'm our own ex-
perience climbed higher than the pre-
depression levels.
Until the world does away with in
ternal combustion motors, crude oil will
be one of the most valuable minerals in
the world, come what may. Accordingly,
the man who buys OIL IN UNDER
GROUND STORAGE is the one whose i'm
vestment will remain safe at all times.
The value of membership in this or
ganization is pretty well demonstrated
this week by a confidential bulletin to
certain of our members, containing i'm
formation that will be worth a lot of
money between now and spring. 1t is
the function of this organization to keep
its members fully versed with what is
going on i'm the industry at all times.
We base our investments NOT ON what
is happening today but what lis GOING
TO HAPPEN six months hence. That is
the thing we have most difficulty in
selling to new members.
We have received a number of inquiries
something like this: What royalties have
you for sale under the Fifty-Six lease,
Offsetting the big Enneberg producer in
West KeVin?"
our answer IS tnaU we ul0 our buying
under this lease four months ago. We
bought our royalties when this was con-
sidered WILDCAT territory, and we
bought 1t on that basis. With one well
now drilling and another to be drilled,
we feel sure that six months from the
date of our purchase this property viii
be regarded as one OF the most valuable
in the field.
We figure that our Investment in this
oil is about THREE CENTS PER BAR
RELISH cents at the most.
THAT Is the type of Investment that
viii earn lot more than stock gamble
and is more nearly depressiOn-prOOf than
any other investment of which we know.
We invite others to join us.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30
ROYALTIES NOT SECURITIES

Landowners royalties are not
securities" under the corporate Sc
curities act of California, the at
torney general has ruled. The eff
feet of the opinion is to remove
landowners royalties from regu-
lation by the California corporation
commission.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30
EXPECT LIBERALIZATION OF SEC

From all quarters the Journal has received high praise
William Douglas head of the Securities Exchange Com
mission Washington d. c. and there be feeling among
investment houses that under his leadership will broader
of the federal securities
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

A true music lover is a man who,
upon hearing a soprano in the bath
room, puts his ear to the keyhole.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1937-10-30

SEND A CONTRIBUTION TO
THE sURBURST BADGER
The Nome daily nugget., 1937-07-01

YOUNGSTOWN, Ohio June 30-Strike leaders rallied union against back ground of smoke-wrea- tined mill chimneys with challenge that the seven State steel strike must and will be won From the Mahonng Valleys little -Ruhr' and from Pennsylvan ias "Conemaugh valley, the answer of non-strik- CTS and company officials the of newly soked fur naces black smoke plues the sky and the march of thousands of back their jobs after months idleness. The return was by means unanimous, but Bethlehem Steel reopened it's Cambrai plant in Johns- town, Penn, while Republic and Youngstown Sheet & Tube quickened operations in this vicinity
The Nome daily nugget., 1937-07-01
Inland Steel Plant Re-Opened Today Under Truce
Fourth Will Be
 Celebrated Mon.
 Fifth of July

With the Fourth of July Com 5nittee going full swing and many plans for fine celebration in progress, Nome can look forward 10 week end of dancing, picnic ing, and general observance of the anniversary of Independence Day.
 A change in the plans made to- day now calls for the Literary Program and Sports features to be held Monday, July 5th, instead of Sunday.
 However, Fourth of July Dance will take place at the school auditorium, it was amour Sed, Saturday evening, -Jtuy Jf,i, and large crowds will undoubted- v turn out.
 The Mayors Proclamation ap- pears in today's issue setting aside Monday, July 5th, as the day to observe the Fourth of July.
 Chief Laws has issued a warn ing regarding the setting off of fireworks on sidewalks, wooden platforms. inside of buildings and
 (Continued on Page Four)
The Nome daily nugget., 1937-07-01
RUSSIAN CUNBOAT IS
 SUNK IN AMUR RIVER
(By The Associated Press)

HSINKING, Manchoukuou, July l--Japanese and Manchoukuoan artillery along the disputed Amur river border reported the Japanese army and news advlces state they sunk of the invading Soviet Russian gunboats badly damaged another and forced third a
 ee thus the long troubled Far East frontier relations between Russia and Japanese who sponsored the State of Manchuoukuo reached dramatic and dangerous climax. Japanese officials said the Soviet vessels ir- vaded" the Manchoukuoan channel south of Sennufu Island in the river firing Japanese forces guarding the shore and the latter's guns returned their fire
 Later advices said the the Soviet Arnur River fleet consisting of more than dozen gunboats and many hydropanes being concentrated, and the gravest view is taken of the situation. Japanese endorsements being rushed the river to prepare for any event ualities.
 TOKYO, Japan, July 1-The government instructed its ambassador at Moscow to register protest against the alleged Russian invasion of Amur River The number of casualties not immediately ascertained.
 MOSCOW, July l-Japans ambassador to Moscow, Mammoru Shigemitsu, pressed his empires demands that Russian troops be immediately withdrawn from the disputed Amur River islands. Both countries exchang ed sharp protests after yesterdays clash between Soviet gunboats the Amur River and Japanese land forces The ambassador said Japan intends to protect fully, Manchuokuos claim to the territory
The Nome daily nugget., 1937-07-01
Wedding Attended By More Than 300
(By The Associated PresS)

WILMINGTON Delaware, July Miss Ethel Du- pont and Franklin Roosevelt Jr. married yester day before distinguished group of more than three hundred persons, including the President Both the Reverends Endcott Peabody who has ociated at many Roosevelt functions and Rev Frederick Ashton pastor of Christ Church. participated in the ceremony.
 Immediately after the ceremony the young couple and their guests went via auto to the Dupont estate Owls Nest, where reception attended by over thirteen hundred guests. Sometime during the recep ton the newly weds slipped away, their honeymoon destination being secret.
The Nome daily nugget., 1937-07-01
LABOR RELATIONS
 BOARD CITES FORD MOTOR COMPANY
(By The Associated Press

WASHINGTON, D C., July 1.-The National Labor Relations Board issued citation against the Ford Mo- tor Company based on complaint alleging violation of the unfair labor practices section of the Wagner Labor Act. hearing the charges set for July 9th in Detroit.
 The United Automobile Workers Union cited three alleged violations viz-Interference with employees in the exercise of their rights to organize and bargain col crimnatory discharges of employees because of activ- ties in behalf of the United Automobile Workers Union
The Nome daily nugget., 1937-07-01
Pope Hopes For Return of Peace
 Spanish People
(By The Associated Press)

(By The Associated Press)
 CASTEL GANDOLFO, Italy, June 29-Pope Plus, expressed hopes for the return of peace to Spain. In giving formal approval for canonization of Salvador Da Orta, Spanish lay professor of the Franciscan Brotherhood, the Pon- tiff said, we hope that the mirac- les of this new saint may inter- cede in Spain, which gave him birth to help it to return to peace.
The Nome daily nugget., 1937-07-01
THOUSANDS OF STEEL WORKERS RETURN
 JOBS IN CHICAGO
(By The Associated Press)

EAST CHICAGO July 1st-The Inland Steel plant reopened peacefully under truce announced by Governor Townsend and thousands of workers walked through the gates in the first re-opening of steel mill without trouble since the strike called May 26th At 10 am. today, Manager James H. Walsh estimated that nnety-fve hundred workers had checked in.
 In Ohio the mills of Mahoning Valley, humed with what company officials said capacity but Ma tional Guardsmen are still on hand.
The Nome daily nugget., 1937-07-01
NOTICE FIREWORKS

The setting off of Fireworks on sidewalks, wooden platforms, in side of buildings, or in dry grass, is positively prohibited by law, and viOlatOrs will be severely
The Nome daily nugget., 1937-07-01
punished.

punished.
 w. w. LAWS,
 Chief of Police. Publish July l, ?, 3, l937. Subscribe for The Nugget.
The Nome daily nugget., 1937-07-01

COLUMBUS, Ohio, June Ex-Governor Martin L. Davey revealed he had rejected proposal of Secretary of Labor Frances Perkins that he order the Ohio Indus trial Commission to subpeana Tom Girber chairman of the Board of Republic Steel Corporation and Frank Purnell president of Youngstown Sheet and Tube and hold them here until they signed an agreement with the Committee for Industrial Organization; Tn private life that would be called Kidnapping, Governor Davey re- marked
 The governor told committee of unionists which came here protest his of National Guard troops in reopenng the struck Steel plants that the proposal at trbuted to Secretary Perkins, woud in my judgement be the exercise of the most auocratc dctatoria power ever undertaken in the country" He said the sugges ton made by Miss Perkins in telephone conser- vaon after the Federal Mediation Board failed to ef feet settlement of the steel strike.
 He did say, however, that he would remain firm in his intention to keep guardsmen in the strike en- force law and order and permit non-srkers to return to work.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-09-14

Pvo is gong UllIlu.
no ~oiillhatlon by an oculist shows
bn 'ilai vision and some spots seen
ior, me ophthalmoscope in the
ns 5uu Vltreous of the eyeball. The
s shaen[ describes them. as floating
ge npots before the eyes are Of two
oe"eral kinds-due L. vousness
cho acIual opacities in one of the
'"sinOers of the eye.
tba mere are two chambers inside
Ieno eyeball, one in front of the
cha h." ana one behind it. The 'front.'
alra ,nner is filled with a: thin fluid
and NJ The consistency, of waters.
it is "lueed named after waters, as;
OnsoIu.da JAILED the aqueous humour".
'''es In this chamber are rare.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-09-14
Ailments ThatCasse Spots
Before Eyes Not Dangerous

The fluid behind the lens, the
.vitreous humour, is, thicker. liquid
gelatinous in consistency. It. is
transparent and has no. blood. ves-
sells. lin: adult life),, but receives
it's nourishment from. the retina
and, other surrounding structures.
Make Victims Nervous
Being more organized than the
aqueous, opacities are. common
in the vitreous. Often, they are
due. to small hemorrhages into the
fluid; the extravasated blood or
lganizing into, a solid particle.
Sometimes membranes form in
the vitreous..
Naturally, these. spots are en-
Ilarged; by, the projection Of the
visual image, and undoubtedly
they are annoying. Just how an
inoying. depends, upon how nervous
the temperament Of the patient is.
When there is a bright light
ahead; the opacities naturally
Ishow up more clearly.
Muscae Volitantes is; the name
given. to. notes before the eyes
without any appreciable change in
the. vitreous. They are caused by
shadows, cast on the retina by the
cells normally found in the vitre-
Gus, and are present in all eyes
under certain circumstances such
as exposure, to a uniform bright
surface. They, are found more
frequently in errors Of refracton
and the, symptoms may be exag-
geratedl by constitutional SUCH as
digestive, disturbances.
There Isl no. danger or plnoRess'
involved in the symptom OF Spots
before the eyes.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-09-14

dealer: South. Both sides vul-
ntrab!e)
IN this deal North and South
arrived at contract Of 3-No
lFunlps. When West opened the
cub against South's contract, on
"nlcn East played the 10 and
South the J, it was apparent to
aeclarer that there were only eight
sure tricks in the hand.
Il Vests opening lead was from
lVe-card suit, four losers in that
sui and the spade A would set the
Contract. The declarer saw one
possibility Of fooling his opponents.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-09-14

Dy LOGAN CLENDENING, NJ. ..
HE QUESTION: comes about a.
"iUdie-aged man who has. COM
pidlned of spots floating before. his
eyes for the last two years. They
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1937-09-14

d Il w d y .. a re
present. but ex--
a ggera ted in
the presence of
bright light. At
nj g h t., while
driving. the y
a re notice d
floating in the
glare Of an, APP
preaching auto
mobile. He says
that more and
more spots, oc-.
cur as time goes
on, and he, Wor-
ries for fear he