davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
STOCK MARKET
HELD DOWN BY
PROF|T-TAKING
Opening Unsteady With
Slight Trade Range
BY LESLIE GOULD

NEW YORK, Dec. Is U.N.S).
The stock market eaSed today
under light profit-taking, which
was carried over from the previous
close. A few leaders, though,
bucked the trend for small gains.
OPENIN IRREGULAR
The opening was irregularly
lower. Steadier tendencies de.
developed soon after, but light
selling before noon brought the
market back to early lows. Most
pivotal issues held within mar
row trading range. E
Fractional declines were shown
by U. s. Steel, youngstown Inter
national Nickel, Union Carbide,
j o h n SIM a n v lille, Westinghouse
Electric, Texas Corp, American
Can, Pullman. N. Y. Central and
Southern Pacific.
U. S. SMELLING DOWN
U. s. Smelling and Case each
dropped more than a point, while
Owens Illinois Glass and Douglas
Aircraft ran up as much.
Chrysler and U. S. Rubber held
close to last nights final quota
tionS,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
DIPLOMATIC Reception GAY
CONTINUED from Page 42)

CONTINUED from Page Az
Minister of Ell Salvador and Sc
nora de Castro, the retiring Min
lister of Finland and Nine.
Jarnefelt, the Minister Of Siam
and Nine. Rajamaitri, the Min
lister Of Lithuania and Nine.
Zadeikis, The Minister Of Yugo-
slavia and Nine. Fotitch. the
Minister Of Latvia and Nine.
Bilmanis, the retiring Minister
of the Dominican Republic and
Nine. Pastoriza, who were &C.
companied by their son and
daughter, Tomas and Matilde;
the Minister of Bulgaria and
Nine. Naoumoff, the Minister Of
Panama and Sonora de Boyd,
with their daughter, Senorita
Dora Boyd; the Minister Of
Czechoslovakia and Nine. Hur-
ban, the Minister of Nicaragua
and Sonora de De Bayle, the
Minister Of Rumania and Nine.
Irimescu, the Minister Of Ire
land and Mrs. Brennan, with
their three daughters, and the
Minister of Egypt and Nine.
HaSSan.
Among other Of the slightly
less than 900 guests present
whom we saw were Mrs. Dwight
Davis, Miss Helen Davis, Miss
Mabel Boardman, who with her
sister, Mrs. Frederic A. Keep,
entertained at q party at the
Sulgrave Club following the re-
ception; Mrs. Patrick j. Hurley,
Mrs. William N. Doak, and her
house guest, Mrs. Elena Muir.
dock Scaith, Mrs. Robert Patter-
son Lamont, Mrs. Harry Baxter,
Miss Betsy Dern, Mrs. Lawrence
Townsend, Mr.. and Mrs. Henry
Grant Meem, Miss Eleanor
Meem, Mrs. Effingham Town
send and her debutante daugh-
ter, Miss Peggy Townsend; Mrs.
Robert Woods Bliss, Mrs. Ralph
Worthington, Mrs. Henry D.
Flood and her daughter, Miss
Eleanor Flood; Mrs. Nathan
Wyetn, Mrs. Henry Rowland,
Miss Diane Rowland, Mr.. and
Mrs. Frederick Hayes Warren.
Gen. and Mrs. Malin Craig,
Adm. and Mrs. William D.
Leahy, Mrs. A. Mitchell Palmer
and Mrs. Herbert Feis.
Congressional Folk
Among the members of Con-
greSS whom we saw were Sena-
tors Key Pittman. william E.
Borah, James j. Davis and
Arthur Vandenberg, each of
whom was accompanied by his
wife. Also in the Congressional
group we're Representative Sol
Bloom, who was squirting his
wife and his daughter, Miss
Vera Bloom.
Here and there, either saunter.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
TWO DIVIDENDS

A regular quarterly dividend Of
$3.50 q share on the capital stock
Of the Bank Of Commerce and Saw
ingS, and special dividend Of 50
a share has been voted by the
directors of the bank, Thomas j.
Groom, executive vice president,
made known today.
Both dividends are payable to
stockholders of record on Deem
Der 20. Payments will be made
on January 8.
The Commerce and Savings
bank also made known that a
Christmas bonus equal to 3 per
cent of the annual pay will be
given to all employees who have
been with the bank for six months.
Employees Of less service will re-
ceive a bonus of 112 per cent Of
their years pay.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

Of rail transportation
CRYING more than New York State.
? This rule is in line with the
whole trend manifested by the
Supreme Court in recent years, a
trend towards taking broader cog
nizance of the interstate scope Of
most large enterprises these days.
NLRB REBUKED
Nevertheless, the Supreme Court
and other courts have felt called
upon repeatedly to rebuke the
NLRB and examiners named by it
to investigate labor union COM
plants, especially CLIO complaints.
It has been judicially held that
Of the labor board have
acted as investigators, prosecutors,
judges, q triple. role inconsistent
with this democracy's idea Of the
melting out Of even-handed JUS
tice.
fragrant bias has been excori-
ated by various courts. One fire.
quent finding has been that the
NLRB's henchmen did not permit
"the other side" to present ade-
quate facts in rebuttal of union
allegations.
Will Congress institute RENE
dial legislation?
My belief is that it will.
FAILS OF PURPOSE
The American people were SOL
EMMY assured that passage Of this
act would promote industrial
peace. It has done nothing of
the kind. Since it was put on the
statute books. this country has
been subjected to more labor dis
location and more labor lawleSs-
ness than ever before in its his
tory.
Motor manufacturers, for ex-
ample, never know the day or hour
or moment when a strike may be
called by a handful Of fot-headed
workers, without sanction of their
Union leaders. Yet such reckless
acts by a few can and do tie up
whole plants employing many
thousands of workers.
Similarly. Unauthorized sit
down and other strikes have been
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

not last long. It is, therefore, en-.
couraging to find that November
statistics are on the whole reas
suring. They tend to confirm
the conclusion that some down
ward readjustmentS will be re
quired, here and there, but that
these will be temporary. The
power of the cyclical recovery has
not been lost.
STILL BELOW NORMAL
In the iron and steel industry,
most statistical indications point
to further gains. All the produc.
ton indiceS were higher in No
vember; but are still below normal
and only about half way back
from the June lows to the 1887
high level.
Thus, there Is plenty Of room,
Moreover, the various indiceS seem
to be in good adjustment; steel
production Is in line with pig iron,
and the blast furnaces are not be.
ing overworked. ..
To be sure, there are some signs
that caution is needed. Probably
.steel ingot production has been
running in excess Of steel ship
ments, and certainly Is somewhat
above steel consumers current re
quirements.
AUTOS FORGE AHEAD
The steel scrap market has
been rather weak. But ! Judge
that this is an early-recovery con.
dition which can be relieved by q
little readiustment. Probably, too
the industry can count on demand
stimulation coming from Govern
ment spending. ="
e. The automobile industry con
tinues to forge ahead, and thus
far, sales to consumers have
justified the increased output. A
spirit of caution has been shown
by the leaders, but this is a rather
favorable symptom.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

not infrequent in other industrial
fields.
Therefore, the avowed objective
Of the Wagner Labor Law mani
testify has not been attained,
namely, labor tranquility.
On this score alone, the act
cries aloud for amendment.
EMPLOYERS SUFFER
: More fundamental and vital:
The labor law violates the Ameri-
can spirit of fair play. It pro-
videS no punishment whatsoever
for law breaking by workers. Its
punitive provisions apply only to
employers.
That this is wholly unfair and
that it breeds injustice and strife
Is coming to he more widely recog-
nized by thoughtful citizens.
The stand taken by Secretary
Of Labor Perkins has aroused
many. It will be recalled that she
long refrained from uttering one
word Of condemnation against sit.
down strikes. Against usurpation
Of private property. She has also
drawn upon her head violent
criticism for her leniency towards
alleged Communists influential in
the running Of at least a few
unions.
It is entirely reasonable to hope,
even to expect, that the new Con-
gresS, with its enlarged element of
conservatism, will grasp the i'm
portance Of modifying the one
sidedneSS Of the Wagner Labor
Law In order to promote conf
dence among employers and pros
perity FIR the country.
A VALUABLE MOVE
My contacts convince me that
Congress could take few steps
more valuable than such a one to
strengthen economic stability and
recovery. The prospect is that
many Of our lawmakers will recog-
nize this and act accordingly.
Do not all signs suggest that
public sentiment has turned away
from disruptive radicalism, with
its inevitable aggravating of dis
trust, depression, distress, and to.
wards cooperative, constructive
legislative measures?
(CopyriRht. 1898. by B. C. Forbes)
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
MERGENTHALER ACTIVE

The Washington Exchange yes
terday reflected a broad interest
in local stocks. Georgetown Gas
5 per cent bonds at 118 had a
81, 900 turnover, the ~ rise setting
a new high for the year.
Mergenthaler Linotype came out
on the board at 22A. Other active
issues included Capital Transit,
Washington Electric Railway pre-
ferred and Washington and Elec-
trio Railway As. =
Restoration of pay cuts taken
last July will be made to employees
of Laidlaw & Co. as a Christmas
gift, G. Bowie Chapman, manager
of the Washington office Of that
New York Stock Exchange firm
announced TODAY.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
TITLE COMP ANY
PICKS DIRECTORS
ON JANUARY 8
Bank of Commerce and
Savings to Pay $3.50

The annual meeting Of the stock
holders of the Washington Title
Insurance Company, for the cleo
ton of directors for the ensuing
year and for the transaction Of
other business will be held at the
company's offices, lab st. N.
W., Monday, January 9, at / p. m.
Harry M. Packard, secretary OF
the company, announced that at
the same time and place election
Of directors Of the Lawyers Title
Company and the Dis
trict Title Insurance Company.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

ing through the various rooms or
dancing in the East Room we
caught a fleeing glimpse of the
Minister Counselor Of the Cuban
Embassy and Sonora de Baron,
the Charge d. Affaires Of Chile
and Sonora de Huneeus, the
Commissioner of immigration
and Mrs. James Lawrence
Houghteling. Mrs. Warren De-
lano Robbins, Miss Rosemary
Bell, Mrs. Henry Latrobe Roose-
welt, Rear Admiral and Mrs.
Mark Bristol, the Assistant
Financial Counselor Of the
Rum anian Legation and
Nine. Dimitriu, Commissioner
Melvin c. Hazen, Mr.. and Mrs.
thomas Burke, Nine. Wanko-
wicz, wife of the Counselor Of
the Polish Embassy, and the
First Secretary of the Argen-
tine Embassy and Sonora de
Zuberbuhler.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
ice Refuses Plea
On Coal Rail Rate

The petition of the Pennsylvania
Utilities Commission and a group
Of anthracite operators for a modi-
fication of the ices recent deci-
sion ordering higher rates on in.
trastate shipments on small sized
anthracite was denied yesterday
by the commission. The commits
sion had ruled that interstate
rates must conform with interstate
rates.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

w ng ton
that q legisla-
tive breathing
spell is planned
by the Presi-
dent, is reason
enough.
But the stock
m arket ha 8
been hesitating
to 60 abe q d.
largely because
Of fears that
the present re-
coyery In bust
ness Ia cks q
sound founda-
kinm wmd nn0v
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
SAG IN STOCKS
VIEWED AS DUE.
TO TRADE FEAR
Foundation of Recovery
Held Unsound
By LEWIS HANEY,
Professor Of EcOnOmlcs, New York
University

NEW YORK, Dec. 1s.-The
recent upturn in security. mar
kets after q long waiting spell
may be aScribed to political de-
velopmentS. Probably news from
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
Reform in Federal
Research Is Urued

Federal research should be bet
ter coordinated, speakers sug-
geSted at q meeting of the Wash
ington chapter Of the Society for
the Advancement of Management,
held at Schneider'S Cafe last
night,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

terstate" bust
ness operations.
The ConSolidat-
ed Edison Com
pany Of New
York, although
the generating
Of its electric
power is confin-
ed to one State.
W as adjudged
claSSifiable as
engaged in in
terState activ-
because
C ufFeUt SUD-
piled by 1t en-
tered infn the
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
|. Q. Answers

Questions ON Page 14)
1. $40. 2. A black flag of
piracy. 8. b. 4. Albany. S. b.
6. a. z. C. 8. 1914. 8. John
Adams and John Quincy Adams.
10. One Is miles per hour, the
other seven miles per hour.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
Labor Statute
Essential to Recovery
One-Sided Workings of the Wagner
Act Are Deplored by Forbes
By B. q. FORBES

Day by day becomes papabe that the administration
the Wagner labor law by the National Labor Relations Board
is impossible rather than impartial
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16

United States Supreme Court
decisions have taken an extremely
broad view of what constitutes Gin
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-16
Washington Stocks

Capital Transit Company, 1908.
Washington Gas Light pfd., 10
@104A.
AFTER CALL
National Electric 5hS pfd., 20
115h.
Potomac Electric IS pfd., 20
1854,
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
UNC AND CUILFORD
TO CLASH TONIGHT

Chapel Hill, Jan. 6-Victorious in its
first start, the University of North
Carolina basketball team will get an
other shot at the streamlined game
here tonight when it faces GuilfoYd's
capable Quakers. The contest, starting
at o'clock, will be played in the Tin
Can.
The Tar Heels showed noticeable
weaknesses in their first stand against
the highly speeded up game. Although
they defeated Atlantic Christian Col
lege AZ to 20 here Tuesday night they
had to call for rest periods frequently
throughout the game. In shooting
both from short and long range, they
were far from impressive. On the
other hand, the White Phanto-.lo de-
monstrated marked ability in ball
handling and guarding. A. c. G.
made only one field goal during the
first half and only four after inter-
mission.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
ONCE UPON JAN. 9Th


The arrival of two monks from the
East in Constantinople, 1,4O2 years
ago today, and the capture of GER
tain Venetian by Genovese in the bat
tie of Curzola, in 1928, were happen
ings that resulted eventually in the
discovery of this continent by Euro
peans and the founding of this coun-
try, yet you find no reference to them
in most school histories.
The Venetian, of course, was Marco
Polo. During the months he was the
prisoner of the Genovese, he told
strange tales of his youthful adven-
lures to a fellow captive who could
read and write and who thought Polo S
stories, true or not, would make an
interesting book. The book set afire
the imaginations of the adventures
of Europe. And because of some
thing those monks had brought with
them to Constantinople long years DE
fore, there were hackers ready to fin
ance those adventurous search for a
water route to the Wonderous land
Polo described.
For those returning Missionaries
carried from "the Indies the secret
IF the manufacture of silk and the
first silkworms to be struggled out OF
China. For centuries it was an offense
punishable by death to take one silk
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
Duke AXE Forest
Basketball Teams
to Clash Friday

Durham, Jan. 6-The heat will be
urned on in North Cardinals Big
live basketball race Friday night
When the Blue Devils of Duke and
Wake Forests Demon Deacons clash
Duke gymnasium here
The varsity game will start at $50
clock, following freshman prelimi-
AIRY between teams of the two insti-
ltions which gets under way at 7:15.
The Deacons, featuring one of the
inest players in the history of this
ection's basketball in southpaw Jim
Waller, are primed to turn in their
acond victory over the --lue Devils in
/ years.
Friday nights clash looms as the
est early game of the season and may
one of the closest played in the Big
we this season. It will go a long
ray toward determining just which
cam has the best chance of being
able to stop the march of North Caro-
mas White Phantoms to their second
straight state championship. It will
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
Today's Church
Message
ALCOHOL AN ENEMY.
BY REV. J. EVERETTE NEESE.


Alcohol is an enemy of man because
it deceives him as to what is actually
happening. Alcohol PARALLELS ones
senses so that he loses all power of
decision and judgment. He is no lon
ger self-controlled. He acts according
to his impulses without taking any
thought regarding what may happen.
A person who has drunk alcohol is
like car on which the brakes are
not working. Both the car and the
person may go along all right until an
emergency arises. When that time
comes a car needs good brakes, and
a person needs caution and Judgment
in his actions. But the trouble is that
the person who has had something to
drink may think that his judgment
and power to decide are excellent.
The person who takes drink often
feels gay, whereas he is merely Light
headed and acting like a fool He may
feel less bashful and shy, but that is
because the brakes are off, and there
is no telling what kind of mistake
in manners and etiquette he may
make.
In these ways alcohol deceives
man and proves to he his enemy
Selected. 4,
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
NOTICE.

NOIICE.
Pursuant to authority conferred in
that certain judgment of Superior
Court of Vance County, in proceed
ing entitled, Lee Bullock VS. Edward
S. Bullock, the undersigned commits
sioner will offer for sale at midday
on Monday the 18th. of January 1888,
at courthouse door in Vance County
to the highest bidder, for cash, at
public outcry, one one-half undivid-
ed interest in the following described
real property in Vance County, viz:
Begin at stake and two pointers
i'm old road, Parker Bullock and Bur-
we'll corner, and run thence along said
road SO degrees w 38 poles to stake.
w. H. Burwell corner: thence S 25
degrees w 80 poles to pines in Bur
well line; thence S IS degrees E 1O4
poles to sourwood and pine; thence
N 10 degrees w ISL poles to the be-
ginning, containing 40 acres. more
or less.
This 18th December, 1887.
D. p. McDUFFEE.
Commissioner.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
NOTICE OF SALE.

Under and by virtue of the powec
and authority contained in Deed of
Trust executed by Eugene Allen and
Pinkie Allen, his wife, and Maria
Broadway, widow, duly recorded in
the office of the Register of Deeds of
Vance County, in Book 1874, at page
$40, default having been made in the
payment of the note therein secured,
at the request of the holder of the
note, the undersigned Trustee will Of
fer for sale to the highest bidder, for
Cash, at the Courthouse door in Hen
derson, Vance County, North Carolina,
at IL o'clock. noon on Monday, January
81, 1888, the following described real
estate:
Begin at stone, the old Sam AL
len corner, and George Badger
Hughes corner in Mary Ayscue line;
run thence north along the old Sam
Allen line Ala feet to stone, Hayes
and Allen corner; thence West 622
feet to a stone, Mary Allen corner in
Sam Allen land; thence South parallel
with first line Ala feet to a stone on
the Hayes line; thence East 642 feet
to the place of beginning, containing
six acres, icing made of two tracts,
one of one and one-half acres as con-
veyed by Sam Allen to Mary Allen on
March II, 1918, and of record in Book
SO, at page 81, Vance County, and the
other being a tract of four and one
half acres, conveyed by Sam Allen
to Mary Allen, Sept. Is, 1919, as re-
corded in Book 80, at page 346, to
both of which deeds reference is
hereby made for further description.
Also see deed from A. w. Gholson,
Jr., Commissioner, to Eugene Allen
and Maria Broadway of even date
herewith.
This the 30th day of December,
1887
T. F. GHOLSON, Trustee.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
TO-DAY IN HISTORY

1759-George Washington, ageo -
married to Mrs. Martha Curtis, WIDOW
about same age.
183S-dOO years ago. Samuel r. 2:
Morse, professor of the literature OF
the arts Of design in the University OF
the City Of New York, with rs 20
worker, Aired Vail, made sucel STU
demonstration OF telegraphy IN
Speedwell, N. j., factory room with
three miles of coiled wire stretched
around the room.
1839-Father Francis N. Blanchet'
Catholic priest, later to become an
archbishop, established a mission at
what is today st. Paul, Oregon.
1q12-New Mexico admitted to the
Ur n as the 47th State.
1919 - Died - Theodore Roosevelt,
aged 81. at Oyster Bay, N. Y, 2otn
President.
1937-Pres. Roosevelt's address be-
fore Joint session of Congress-judl-
ciary warned to join other branches OF
government in march for social prog
ress; neutrality laws to be strengthen
ed; and Congress to get relief problem.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
| ) JANUARY
sun MON TUE WE'D THU FRi SAY
/; !, b ! 81! !! 3! IS
Todoy is the Day
By CLARK NNNAIRD
Copyright, 1888, for this Newspaper
by King Features Syndicate, Inc.
from China

worm from China.
The silkworms did not thrive in
Constantinople, but they produced
enough silk to make western mon
archs and princes want more of it,
and a means was found to bring mora
raw silk from China and workmen in
structed in the art of manufacturing
it carried it thence into Italy and all
Europe.
European notables and their ladies
and sweethearts eventually became Sc
used to silk finery that when war and
banditry in the Near East interfered
with caravan transportation of it
traders were moved to back Polo-in-
spired Adventures to find sea route
to Cathay. In looking for Cathay
some of them accidentally found Anne
RIGA.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-01-06
aeSa)AH 4
ro,.v,s ANNIVERSARIES

1M2-Joan of Arc, the remarkao1o
GIRL whose hel sn and devotional Ter
Hor inspired tn. french, born Burn
ed .f The sta May go, 14S1.
1S07-Josepa tlolt, hentuck> 4aw
,,er cabinet ait Ger, Lincoln '1se
sdvocate-gene Of the bureau OIL nm,
tarv Justice, oorn in Kentucky. Dle''
Aug. 1, 1884,. ,1ossoobu-
1S11LCnarles Sumner, Massachu-
satts, great senator, anti-slavery leau,
err whose personal force, strong WIN
and oratory made him one ol INC nc
leading men of the country porn 40
BOSTON. Died March II, 1874.
1s24-Thomas M. Cooley, law lawyer If
University of Michigan professor "
law, 7+ate supreme court justice wnos ,s
gres toll and devotion to MS woi N
placs rim among the great Jurists III
our history IN near Attlca' N. l.
Died sept II -@9s
1S27-John Cain Brown, Con1eoer-
are governor, able reconstruction gov
ernor of Tennessee, western railroad
builder, born in Giles Co., Tenn. Lieu
Aug. II, 1889.