davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1938-12-23

ly is that granted to inventors by the federal law. Every civilized na- tion has long recognized the ad- vantage of encouraging the devel- opment of new processes and pro- ducts, through which civiliZa tion may be advanced, by granting 8 monopoly covering the use and sale for a limited term of years.
 The old common law against fraud and restraint of trade, the patent laws and the gradual de- velopment of limited monopolies under public supervision protected the public's interest fairly well un- til we began to enter the days of large scale operations under com- binations. From the year 1890 on we have had succession of att tempts, most of which have been futile, to make advances beyond the simple processes which had heretofore proved ample, when trade was between man and man.
 We have found that some mono polistic' conditions tend to retard progress and others result in an im- mediate gain to the consumer in es- tablishing 8 regulated monopoly. In the long run, however, the consum- CT may ask whether he might not be better off to have some wastes in competition which would be more than offset by the greater progress in efficiency under open competitive conditions. Our objec- tive should always be to obtain such conditions as will make for a free and open market.
 Connecticut Economic Council
 By Howell Cheney.
The Waterbury Democrat., 1938-12-23

Quite an argument ensued in Boston this week at public hearing when Traf- fic Commissioner William P. Hickey &C., cused the police of showing favoritism and asked for removal of the officer in charge of this police detail. Charges flew thick and heavy at the hearing with ac- tual instances cited by the commissioner of cases where police allowed certain mo- torists to park for protracted periods, all though restricted parking was supposed to be enforced within the areas. Those charges are heard in every large city and unfortunately are usually true. The are made without discrimination show the best traffic records.
The Waterbury Democrat., 1938-12-23
Elimination of condemnation proceed

Elimination of condemnation proceed ings whereby the state would acquire land to be used primarily for highway purposes seems to be the motive for a bill that will undoubtedly be raised in the Legislature at the instigation of the Legislative Council. Included in it's recent report to Governor Wilbur L. Cross was such proposal. Of course the scandals resulting from the Merritt Park way land purchases had something to do with it, too The measure asked calls for creation of a three-man commission to be known as the Commission and Claims. It would settle disputes over rights of way for trunk lines and state aid high ways. On reading the Legislative Coun- cils request, though, we wonder if the intention is different board for each dispute that may arise or a permanent one throughout the gubernatorial or leg islative term.
The Waterbury Democrat., 1938-12-23

situation does not become too unfavor- able, our recovery can last long time. The outcome depends on government and business, and on their ability to seize opportunities"
 The gist of his analysis is that 1889 is likely to be better business year than 1888 has been, and almost as good as 1887. It depends 8 good deal on foreign conditions. Also good deal on the government. Lately the attitude of American business and government, with regard to teamwork, seems more reaSsuring than it has been for some time.
The Waterbury Democrat., 1938-12-23
Business Outlook

This is the prophetic season, and the business soothsayers are all guessing about next year. One of the foremost of these is Colonel Leonard P. Ayres, a Cleveland banker, of whom friend says that he '.knows more about what will happen next year than most of us know about what is happening right now" Ills preview, though not exciting, is reassuring.
 eve are justified in feeling pretty confident about business improvement next year." he says. The year 1889 will test our national capacity to gen. crate a self-supporting recovery. If we can do that, and if the international
The Waterbury Democrat., 1938-12-23

A writer in a state paper was recently remarking about the intensity of the cold in the winter of 1916-17. That was a tough season, as we recall it. Not only was it cold for one or two days, but for several weeks. It was almost impossible to maintain adequate heat in any kind of a building. Even the railroads suffered and train schedules in New England were out of gear as result of trouble in get ting engines steamed up. The cold cen uary.
The Waterbury Democrat., 1938-12-23
Selected Poem
q LAY ME DOWN TO SLEEP"

(By Myra P. Ellis in the Boston PoSt) know child who has no prayer His little soul to keep; No one has ever taught him T lay me down to sleep" His mother was too weary His daddy is too wise To teach little boy to pray Before he shuts his eyes. They tuck him in and kiss him And then turn out the light; They leave him there without a prayer, To guard him through the night. Prayer, to a child, seems having A strong, warm hand to hold; And yet, he goes to sleep alone, With no God bless yous" told. God bless the little children Who have no goodnight prayers Gold help minimizing parents Who hurry down the stairsl O. He who sees the sparrows, Must surely watch and weep Ger little ones who cannot say T lay me down to sleep!"
The Waterbury Democrat., 1938-12-23

bare. Now its tables are laden, and guests come to it only after they have been officially received. First Round
 The governors of the New York Stock Exchange haven't heard the last of their refusal to act on the sizzling SEC report on the Richard Whitney scandal.
 Bob Hutchins, Chicago Univer- sity's youthful president and rep- resentative of the public on the Stock Exchange board, resigned because it would not crack down on J. P. Morgan, Thomas Lamont, E. H. Simmons and other Wall Street moguls involved in the Whitney mess. But this resigna- tion was just the opening of the fight.
 Hutchins demanded action on the SEC report after the Exchange rulers had sidestepped it for two months. He argued that the Exchange could not apply the rod to small fry and pussyfoot on big shots if it wanted to convince the public it could govern itself and keep a clean house.
 This logic fell on deaf ears. The governors even turned down a proposal to summon the money barons for private lecture.
 we can't proceed against these men," Hutchins was told. '.Tt has never been done. You are asking too much. The sf- fair is closed and the thing to do Is to forget about it."
 This Hutchins refused to do. He sent a stinging letter of resig- nation = thus passing the ball to his close friend SEC Chair man William Douglas, who had been quietly prodding the Ex- change rulers for disciplinary &C., tion.
 Douglas vs. Morgan
 It is a sure bet that Douglas will not huff the Hutchins pass. The Morgan group which baked Hutchins have been Douglas bit- terest foes in Wall Street, and he is not the kind to take anything lying down.
 Until this incident Douglas played ball with the reform" ad- ministration that came into Ex- change control last spring after the Whitney scandal. From now on, the "reformers" are likely to find a very different SEC atti- tude toward them.
 saThat report is an official record" remarked one official grimly. 'It was not issued for fun. They will discover that white-wash doesn't stick long on . red-hOt stove"
 With the Exchange board back ing away from punishing Whit ney's colleagues, the next move will come from the SEC. It has the power to lay down Exchange regulations and that is exactly what it plans. Rules soon will be laid down requiring Exchange members to divulge wrong doing on pain of being barred from do- ing business.
 Copyright, 1888, by United
 Feature Syndicate, Incl
The Waterbury Democrat., 1938-12-23

STRANGE PLIGHT
(Boston Post)


 The case of a cobbler of Memphis, Tenn, who has inherited $30,00O from his mothers estate in Italy, but who will be denied the right of spending any of the money in this country, will strike Americans as being absurd. The man is an American citizen, but he says he has been informed by Italian authorities that he may collect the inheritance, but will not be permitted to take any of the $3O,O00 out of Italy. He has been able to obtain 90-day visa for his passport, 50 he declared he will go to Italy, obtain the money. then spend it within the 90-day period. About all he can do is have a wild spending spree, but it seems pathetic that he cannot bring the money home to spend it for good purposes.
The Waterbury Democrat., 1938-12-23
Test Y Q a F Knowledge
Can you answer seven of these test questions? Turn to last page for the answers.

 l. Name the two principal rivers of Georgia.
 3. What is the hydrosphere of the globe?
 3. For what government agency do the initials FILA stand? ] 4. What is an autoclave2 5. What proportion of the land area of the earth belongs to the British Empire?
 6. Is it correct to say, Leave go of the stick?"
 '. On what river is Nashville. Tenn?
 8. In which war was the Battle of Spottsylvania Court House? g. Name the capital of Sweden. 10. What is a depilatory2
The Waterbury Democrat., 1938-12-23
Daily Almanac
'on sets 6::34 p. m.

Moon sets 6:34 p. m.
 Sun rises TIA a. n.; sets 4:28 p. m.
 All vehicles must be lighted thirty minutes after sunset.
 Advice as to picking Christmas greenery has been given out by many different groups Some will heed 1t; others will continue to pull up. break of, an6 in general destroy shrub and trailing vine If only people could learn to be moderate in their desires, wild shrubs, vines and trees would not be killed of in such alarming numbers.
The Waterbury Democrat., 1938-12-23
FOURTH OF MANY

Laraine Johnson, leading lady to George O'Brien in his current RKO Radio film, Arizona Legion" is only the fourth actress to win the distinction of appearing in three pictures with the popular outdoor star.
The Waterbury Democrat., 1938-12-23
Current Comment

Love Finds Andy Scrooge. Ogden Nash, suggesting Q box offlce title for the film of Dickens "A Christmas Carol". You cannot afford to wait for moods.
 Pearl Buck, explaining her writing methods which pro- duced ''The Good Earth" and won the Nobel Prize.
The Waterbury Democrat., 1938-12-23

We hope Europe and Asia are listening to that Lima conference. An earful should be good for what ailS them.
The Waterbury Democrat., 1938-12-23
TODAY'S COMMON ERROR Never say, 'eThe speaker ven- tilated his views;' say, "ex- pressed" or disclosed"

A. Professor Enrico Fermi of Rome, Italy.
 @. How many persons aided in selling Liberty bonds during the World war?
 A. It was estimated that two mill lion men and women participated in the work of distributing the bonds.
 @. How many Spanish-speaking persons are there in the world?
 A. Approximately 30 million.
 @. I wish to bring a widowed mother to this country from Europe to make her permanent home with me. What documents must she have? What must she do?
 A. The information Is too long to be included in this column. Any reader who wishes such information may send a stamped. self-addressed envelope to our Washington Service Bureau, 1913 Thirteenth Street, Washington, D. C., requesting a copy of "visas for Immigrants"
 @. Where is Manayunk, Pennsyl- vania?
 A. It is northwestern suburb of Philadelphia, on the east bank of the Schuylkill river.
 @. When were Pope Hartford au- tomobiles first manufactured?
 A. 1897.
 e. What is meant by Jupiter Pluvius?"
 A. Jupiter, the Roman god, who gives rain.
 o. How many eggs in the shell have been imported from China since 19S0?
 A. In 1880, 2s7,OoO doz.: 1881, 29O,000 doz.; 1882, 222,000 doz.; 1883, POT, 1000 doz.; 1884. 186,00O doz.; 1885, 17,OO0 doz.; 1886, 23,000 doz.; 1887, 4, 7,00O dog. If you want . copy of our book let, POPULAR ASTRONOMY" send to The Waterbury Democrats Wash ingt0n Bureau, 1913 Thirteenth Street, Washington, D. c. Enclose 10 cents i'm postage.
The Waterbury Democrat., 1938-12-23
IN TODAY'S MAIL

This newspaper responsible opinions from it's readers unless accompanied with the writer's address will be accepted.
The Waterbury Democrat., 1938-12-23
Fother coughIin Fights Appointment Of Jewish FederoI Judge in Ohio; Bar Assn Named Emerich Freed; Rep. Sweeney Has Arranged Protest;
 Hutchins Resignation from Stock
 Exchange Storts New Fight with SEC
ana nOnEnR c Axxm
e DRNW PnARs0N

WASHINGTON, December 23 = hot behind-the- scenes fight raging in Democratic Congressional ranks the effort of Father Coughlin to prevent the appoint ment of Jewish judge in Cleveland
The Waterbury Democrat., 1938-12-23
Questions and Answers
c'oUlGisl lna w
By Frederick AL Kerby

Enclose 8 three-cent stamp for reply when addressing any ques- ton of fact or information to the Waterbury Democrats Service Bu- reau at Washington. Legal and medical advice cannot be given, nor can extended research be un- dertaken. Be sure all mail Is ad- dressed to the WATERBURY DEMOCRATS SERVICE BU- REAU, 1913 Thirteenth Street. Washington, ID. C.
The Waterbury Democrat., 1938-12-23

e. What is meant by Jupiter PluviuS?"
 A. Jupiter, the Roman god, who gives rain.
The Waterbury Democrat., 1938-12-23
THE EDITOR

e. Which radio program first used identifying sound effects fol its signature?
 A. The Cliquot Club EskimoS, who were introduced by the barking of @ dog and the ringing of sleighbells
 e. Who received the Nobel prizs for physics in 1888?
The Waterbury Democrat., 1938-12-23

@. When were Pope Hartford au- tomobiles first manufactured? A. 1897.
The Waterbury Democrat., 1938-12-23

o. How many eggs in the shell have been imported from China since 1Q302
Evening star., 1938-04-08
FOREIGN EXCHANGES.

NEW YORK April 1P,.-The foreign
exchange market absorbed news OF the
downfall Of the French government today
with scarcely a ripple.
After early narrow and irregular move
mentS, the franc moved ahead .nO7a of a
cent. Sterling dropped Is of cent and
the Swiss franc .G0l4 of a cent, while the
Holland guilder gained .04 Of a cent. The
belRa was UNCHANGED.
Noon rates follow.
Great Britain in dollars, other in cents
Great Britain. demand. 496h2; cables
96 2; 6o-day bills. 4.957s: France, de-
mand. 2 o. Ia cables. 3.n71s: Italy, de-
mand. 5.26'2; cables, 5.26i2.
-Beleium. 1884; Germany
40 3i2; registered, 1860: travel. "4l5;
Holland 55.3";, Norway 24.an; Sweden
S3.59: Denmark, % II" Finland. $50:
Switzerland. ~ a3a4: Spain unquoted
PORTUGAL 4.517s: Greece. 81: Poland
lS:SS; .Czechoslovakia. 3.4s'7; Yuposlavia,
2.35; Austria unauoted: Hungary, 1890:
Rlmania. -; Areentina. 33.oan: Brazil
tireel, 5.9on:.- Toxic. cS.95: Shanghai
$50, Hong Kong. 301S. Mexico City
23.0on; Montreal in New York. 100. 6.l2
New York in Montreal, aa.37i2.
Evening star., 1938-04-08
.F.H.A. LOAN TOTAL
ABOVE 1ODM|LL|ON
March Insured Showing Is
30 Per Cent Greater
Than Last Peak.

Previous records were broken by the
Federal Housing Administration during
March, according to an announcement
by Administrator Stewart Mcdonald.
who said the agency did a gross busi-
ness in excess of 100000, 900 during
the month.
Included in this amount, he said,
WAs S95, ,l6l, ,202 in home mortgages
zelected for appraisal, representing a
gain Of 40 per cent over the adminis-
tration's previous all-time peak Most
OF these mortgages related to small
single family dwellings,.
The steady upward climb in home
construction and financing is illus
trated by the gains made during the
first three months Of this year Home
mortgages appraised by the agency in
January amounted to S29,904,l99. In
February the figure had Jumped to
S42 ,636, and those for March ex-
ceeded all expectations. Of the ap-
praisals made in March, slightly more
than so per cent covered new construc-
ton.
The effect of this large volume Of
business. it was announced. is begin
ming to be seen in the reports of the
insurlng Offices on mortgages accepted
for insurance. For the week ending
April 2, mortgages accepted for in
surance amounted to sI1 601, 100 COM
pared with s10.856.395 for the CORE
SDCn6j0p Week Ia St wear
Property improvement loans by
private lending institutions are being
reported to the Federal Housing Ad-
minlstration, it was said at the rate
OF $500 600 day. For the week end
ing April 2, there were reported 5,745
loans for S2,733.40O.
Evening star., 1938-04-08
NATIONAL INCOME
|. FOR 1887 JUMPS
D. c. Leads With $3,786
Average Per Family,
Survey Shows.
BY the Associated Press.

oy fI'e itSsoCidLeQ FTebs.
NEW YORK, April S.-Based on
national income, the average Amer
ican had s555 Of money to spend in
1887 and the average family unit
about s2,392, the magazine Sales
Management estimated today in a
survey Of the Nations buying power.
1t was calculated the American pub
lie had an effective buying income"
Of s71 .525 065 900, a boost Of II per
cent over the 41.760 O00, 900 Of 1882
and 7 per cent over the s67, 200, ,oOo,-
900 Of 1895.
This national income, the magazine
said, ranked fourth highest in the
Nations history 1t was described as
the money actually paid out during
the year for goods and services pro-
duced and rendered, plus Federal al
lowances and monies paid out OF the
savings and surpluses Of business in
stitutions. and adjusted by applying
information about living costs, such
as the non-money income received by
farmers in the form of free rent and
produce consumed on the farm"
The District Of Columbia, the maya
zine reported. led the Nation with a
per family income of s3,786, followed
by New Yorks s3,4ol. The Connec-
ticut figure was $3.50; Massachusetts,.
s30s9, and Rhode Island. s2,962
Michigan and California were tied at
s2.898.
Evening star., 1938-04-08
CHICAGO LIVE STOCK.

CHICAGO, April s tp Omitted States
Department OF Agriculture W ide Spre ID
Spr!ne storm conditions again became a
factor in the live stock market today. de-
VeiopIng fear among buyers that next
weeks receipts might be sharply cur;ailed
As result the steer trade STRENGTHENED
The lamb market. opened very SLOW. how
ever, and hogs sold lower.
Hogs. Loco. including 6 GOO direct:
matke; generally l5"5 lower than Thurs
dav'S average. top. 500: bulk good and
choice l1h-"io pounds. S6o-s5. 250-35O
pounds. S.25-6o. l40-6n pounds S"5-75 >;
good 'i3O<o5u- pound packing sowS, 1.503r
. Cattle l.50d: calves. 800: all killing
classes scarce due 10 prevailing weather:
trace active and fully steady at Thursday S
AVERAGE market: few loads good and choice
led steers and yearlIngs, a.o0-40; best
held around 80; several loads heifer<.
zoo .; most fat COWS. 5.75-".5o: cutter
grades mostly 4,50-5.50: selected strong
weight sausage bulls up TO I5 or better:
few choice weighty vealers. HOO: largely
ln"o-5n market on weghty offerings;
light kinds. s.o0-o 90.
Sheep. 11.ooo. including 200 direct:
late Thursday fat lambs. 15-35 or more
higher: bulk. 9.0o-@5, choice TO-, pound
ayeraRc. o15: Iodays trade slow. around
- lower: talking around S.75-9.n 90 on
wooled lambs; sheep steady: good wooIed
ewes, 500; choice shorn ewes AS.
Evening star., 1938-04-08
SIM MONS TAKES
OPTIMISTIC VIEW
Manufacturer Expresses Belief
Trade Is Scraping Bottom.
Sees Small Profit.

BY the Associated Press.
NEW YORK, April s.-Grant G
Simmons, president of the Simmons
Co, a leading manufacturer of mat
tresses and furniture, informed stock
holders yesterday he believed "busi-
ness is Scraping bottom"
The company. he said. made little
profit in the first three months of
this year. despite severe shrinkage in
volume of business.
Directors, however, omitted pay
ments on the common stock. A year
ago at this time dividend of SO
cents share was declared.
Explaining the omission. Simmons
said the board deemed it wise to
maintain the company's strong finan-
cial position.
Should We continue to meet with
the usual seasonal gains" he added
in a formal letter, there would be
hope for a modest distribution later
on"
In the annual shareholders meeting
preceding meeting of directors Sim
mons observed textile business re-
manned poor, but outlook for bedding,
the company's chief product, was
much better"
Outgrowth of business started in
kenosha. Wis, in 1876. the company
and subsidiaries have plants at Eliza
beth, N. j.. Atlanta, San Francisco,
Los Angeles Seattle Kansas CITY
Dallas and Petersburg, Va.
Evening star., 1938-04-08
STOCKS LIQUIDATED
BY LEHMAN CORP.
Selling of Steel. Electrical
Equipment and Oil Shares
Revealed in Quarter.
BY the Associated Press.


NEW YORK. April 8.-Continuine
a trend reported in the final quarter
OF 1887. Lehman Corp, an investment
company, sold common stocks on bal
ance during the quarter ended March
81, the corporations statement for
that period disclosed.
Net asset value as of March 81 was
s51880,3l6, equal to s24o2 a share OF
capital stock. This compared with
an asset value equal to S292S share
on December 81. 1887.
Principally affected by the selling
were steel, electrical equipment and
oil shares. Total amount sold was
lT6500 shares, against purchases of
$1,000 shares. The corporation also
lightened its holdings of railroad
bonds.
These and other changes in the
portfolio accounted for increased
holdings of cash, receivables and
United States Government securities.
These items represented 353 per cent
of gross assets on March 81, COM
pared with 23.9 per cent on December
81, 1887.
Evening star., 1938-04-08
UNION BAG REPORTS
NET ABOVE YEAR AGO
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. April 8.-With its bag
business holding up in volume at the
levels which prevailed in the like
months of 1887, Union Bag g. PAPER
Corp. for the first quarter of 1888
may show profits even greater than
the s326,9l7 which it earned in the
three months ended March 81, 1887,
according to Alexander Calder, presi-
dent
January and February profits and
March billings indicate that the first
quarter profit may run as high as
s350.00o.
Such earnings would be approxi-
mately equal to the net of the final
quarter of 1897 Mr.. Calder said
and would sustain the average quar-
terly earnings of 1897. Last year
Union Bag earned s1,384,595. or an
average of nearly s350,oo0 for each
quarter"
Evening star., 1938-04-08
LEHIGH VALLEY GETS
PERMISSION TO BORROW
BY the Associated Press.

BY the Associated Press
The Interstate Commerce Commits
sion approved conditionally yesterday
an application by the Lehigh Valley
Railroad Co. for permission to borrow
s788,00 from the Reconstruction
Finance Corp.
One condition was that the rail-
road agree to apply any receipts from
its BLACK Tom" claim against the
German government toward payment
Of the loan.
The railroads claim is $4,000 900.
1t grew out of damage to its prop
erty by an explosion and fire at its
Black Tom (Jersey City, terminal in
New York Harbor July 80, 1916. The
railroad and other claimants Of DAM
age contend that the explosion was
attributable to German spies.
Another condition was that the
railroad use proceeds of the loan
only for work and materials.