davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-11-16
TREASURY AIDES.
ABANDON PLANS.
FOR TAX BOOST

Q.N.S.) With little more than
a month and a half remaining be-
fore the opening of Congress. the
Treasury today appeared to be
veering toward a moderate and
conservative taxation policy.
Uppermost in the thought OF
many Administration tax experts
is that no radical changes in the
Federal revenue structure should
be undertaken at this time, and
that nothing should be done to
place obstacles in the path of bust
ness recovery.
MORGENTHAU EXPLAINS
Evidence that the Administra-
ton is altering its stand on taxes
as outlined this spring by Presi-
dent Roosevelt, was furnished by
Secretary of the Treasury Nor
genthau. He revealed that his de-
partment as yet has no new tax
program and that none of the vari-
GUS tax reform proposals have
"jelled."
At a speech at Arthurdale, w.
Va, early this year, the President
called for restoration Of the un-
distributed profits tax to its orr
ginal form. He also spoke in
favor of general overhauling Of
the revenue structure.
During the past few months two
important factors have entered
into the tax picture. The first
was the Frightening of the bust
ness outlook and the second was
the November election.
HANES CONSERVATIVE
Undersecretary of the Treasury
John Hanes, who will handle the
Administration tax program, is re-
ported to be of conservative lean
ings in the matter of undistributed
profits.
It is the view of numerous Gov
eminent tax authorities that if
business conditions continue to
improve at the present speed the
budget can be balanced two years
hence without imposition of any
new tax measures.
From the political standpoint,
the reduction Of the Democratic
majority in the House, where all
revenue legislation originates,
augurs extremely rough shedding
for the undistributed profits tax.
This levy was altered drastically
in he last session and the
Treasury is well aware that there
will be difficulties in obtaining its
renewal in present form.
Realizing that broadening Of
the income tax base is unpopular
with congress, the Treasury is ex-
tremely reluctant to suggest it at
this time despite the $4,000, 000,-
100000 deficit anticipated next
year.
The Washington times., 1938-11-16
FATHER WALSH
AT BANK FORUM |
Foreign Affairs Topic Of
Georgetown Regent
By RICHARD R. BAKER. JR.

BY RICHARD r. BAKER. JR.
The Rev. Edmund A. Walsh, vice
president of Georgetown Univer-
sity and regent Of the School Of
Foreign Service, will speak on
Foreign Affairs" Tuesday night
at a forum Of the Washington
Chapter, American Institute of
Banking.
Probably no other person is bet
ter informed on the subject on
which the savant will speak, &C.
cording to chapter officials. Father
Walsh organized the Georgetown
School of Foreign Service in 1919.
SERVICE IN RUSSIA
In 1922 he entered Soviet Rus.
STA in relief work, representing
American Catholics on the Amer
lean Relief Administration. In
June Of that year he was named
director general of the Papal Re
lief Mission to Russia.
His first-hand information on
Russian affairs in particular and
world affairs in general has been
crystallized in a series of lectures
which he has delivered in the
most important cities of the
United States during the past IL
years.
SUPPER AT WILLARD
His lecture course on Russia,
delivered each winter at the
university, is one Of the outstand
ing extension features of the year
and is largely attended by the
general public.
The Tuesday night meeting
will also be featured by a buffet
The Washington times., 1938-11-16
TOOHigh Wage
Declared Fatal
Rule of Reason Held Necessary as
WOrk-Spread Insurance
By B. G. FORBES

General Motors plan guarantee to each empoye of five
service 60 per his weekly throughout
the full yearwh ayo benefits for those Of two years
servces significant the growing attitude among thought
fnl employers towards their workers.
The Washington times., 1938-11-16

Richard c. Patterson, jr., Assist
ant Secretary of Commerce, will
head a Government delegation to
the Latin-American trade conven-
ton at Kansas City on November
% to 30, when methods of promot-
ing commerce will be discussed.
The Washington times., 1938-11-16

That more and more employers
will discover ways and means to
do more and more for their work
The Washington times., 1938-11-16
BANKERS TO MEET

The regular monthly meeting of
the safe deposit section of the
District of Columbia Bankers
Association will be held this even
ing at 8 o'clock in the board room
of the American Security and
Trust Company.
Miss Eva Kicker, secretary Of the
executive council of the section,
announced that final plans will be
made for the joint meeting of the
local section with the Maryland
Safe Deposit Association in Bal
timore on December 6.
The Washington times., 1938-11-16

SEx, dividend. Books closed. tPlus
extras. e2% extra. f2h% extra. h75c
extra. ESi4 extra Daid No oven nS SS
paid September 20. 1888.
The Washington times., 1938-11-16

work hours in many establish
rnonfS
The Washington times., 1938-10-13
But Experts See
Democratic
Strength

d.N.S.) The November elec.
tions. less than four weeks away,
will result in a Republican gain
of so seats in the House and four
in the Senate-in the composite
opinion of nearly fifty political
writer's and 10 Republican and
Democratic politicians.
Last April News.Week polled
the correspondents and the poli.
ticianS, five of each party.
At that time, the average esti-
mate of the political writer's and
the politicians was that the Re
publicans would gain so seats in
the House and four in the Senate.
GAIN FOR DEMOCRATS
This month the same group was
polled again, As of the same
writer's and eight of the politi-
clans. The consensus was that the
Democrats would hold 10 seats
more in the House than in the
guesSeS of last April. The Demo
cratic loss in the Senate in the
re-poll remained the same-four.
Chief factors in estimating Re-
publican gains and Democratic
losses were cited as: Cd The busi-
The Washington times., 1938-10-13
MD. CANDIDATES
IN HYATTSv|LLE

HYATTSVILLE, Md, Oct. 13
Headed by Senator Millard E.
TydingS and Gubernatorial Candi'
date Herbert R. O'Conor. the en-.
tire Democratic slate Of Maryland
today invaded Prince Georges
county for q hand-shaking tour
that will wind up this evening with
a countrywide political rally at the
National Guard Armory in Hyatts-
vile.
From Upper Marlboro. where
they arrived early in the morning,
the party continued on through
the southern section of the county,
stopping at stores and crossroads
for informal talks. Back in Up
per Marlboro for lunch, the entire
slate of candidates was to speak at
a meeting in the courthouse at 2
O'Clock.
Included In the party were Will
liam C. Walsh, candidate for at
torney general; j .Millard Tawes,
for State comptroller: James A.
Young, nominee for clerk Of the
court of appeals, and Stephen w.
Gambrill, candidate for reelection
to Congress.
The rally tonight is being staged
by the united Democratic clubs of
all the election districts in the
county, in cooperation with the
State central committee. J. Rob.
ert Sherwood, president of the
Young Mems Democratic Club, is
chairman Of the committee max.
ing the arrangements.
The Washington times., 1938-10-13

as they do with the corn and
wheat allotment programs, under
which they are given AAA checks
and crop loans as compensation
for cutting their acreage.
The tobacco restriction program
in the Burley country, which in
cludes Southern Ohio, is manda-
tory. To the farmer, that means
that when the Government cuts
his already small tobacco acre
age it simply takes money out of
his pocket. That's what is max
ing him maddest of all.
1t is automatic in politics that
when crops are good and prices
high, the farmer is q conservative
and usually votes Republican.
When the reverse is true, he votes
Democratic, or goes haywire and
becomes a Populist, a Farmer
Labor follower, a green-backer,
free-silverite, Townsendite or any
thing else that gives him a chance
to protest and promises to put
more money in circulation and
start prices upward.
CAN ONLY GUESS
He went Democratic in 80 and
again in '36-the first time be-
cause things were bad. and the
second time because they were bet
ter. They're still better than in
'32, but not good enough to suit
him. And he's getting fed up on
AAA handouts, anyway.
That, in short, is the story Of
the revolt. The next inStallment
will be due when the farm States
vote next month. In the mean
time, you can only guess at con-
tinuity and climax.
The Washington times., 1938-10-13
NEXT CONGRESS-:
GAIN OF so IN HOUSE
INDICATED FOR COP.

ness recession. (2) normal mid
term swing against the party in
power, 90 Democratic disSension
and "a fiscal policies.
AVERAGE IDENTICAL
The average Of the writer's
guesses and the politicians guesses
in october re-survey were practi
cally identical.
In the view of those questioned,
the Democratic outlook has i'm
proved since April, to the extent
of 10 seats in the House.
The politicians included in the
re.survey we're: James A. Farley
Postmaster General and chairman
of the Democratic National Com.
mittee; John Hamilton, chairman
of the Republican National Com.
mittee: Representative Pat Bo.
land, Democratic whip Of the
House, and Representative Joseph
Martin, who probably will be the
next Republican leader Of the
House.
The Washington times., 1938-10-13
Campaign
Itinerary
DEMOCRATIC

Today - Prince Georges
county, meeting in Hyatts-
willie tonight.
Friday - Hartford county,
night meeting in Bel Air.
Saturday-CarrOll county,
night meeting in Westmin.
ster.
Monday - Starting from
Cumberland at 10 q. m, Dem
ocratic candidates will tour
Garrett county. speaking in
Oakland Garrett county, at
8 p. m.
Tuesday-Allegany county.
meeting in Cumberland at 8
p. m.
Wednesday - Washington
county. night meeting In
HagerStOwn.
Thursday-Anne Arundel
county, night meeting in An.
napOlis.
REPUBLICAN
Today Afternoon, Fred
erick County Fair; evening
meeting in HagerstOwn.
Friday - Allegany county.
night meeting in Cumber.
land.
Saturday-Garrett county,
night meeting in Oakland.
Monday - Ha gers town,
Alexander Hotel: night meet
ing in Frederick.
Tuesday-CarrOll county,
meeting at SykeSville.
Wednesday How
county, meeting in EllicOtt
City.
The Washington times., 1938-10-13
FARM REVOLT
HELD THREAT TO.
new DEALERS
G. 0. P. Gain in Next
Election Predicted
By THEODORE HUNTLEY

From the farm belt. where po-
litical storms blow up with the
frequency of dust storms. and
sometimes assume cyclonic proper
tions. comes the newest threat to
Roosevelt rule.
1t has the politicians as nearly
agog as they let themselves get,
and political observers more so.
They're calling it a farm revolt,
and gueSses as to what it means
range all the way from few extra
Republican congressman next
month to a COP President, after
l940-which at the moment isn't
so good a guess as the other one.
DIDN'T GET 1T
Whether it accounts for the
snappy reorganization of the De-
partment of Agriculture brain
trust and Secretary Wallace's pre-
diction of hike in corn loans or
not, the news hasn't been lost on
the professors who promised the
farmers that if they'd only sign up
for acreage curtailment they'd get
more money, net, for their crops.
They did and they didn't. If you
can't figure that out, here it is in
words of one syllable:
They signed up. They did NOT
get more for their crops.
Now the professors and county
agents are back with the same
story, and the farmers-so the
scouts say - are sharpening up
their pitchforkS, polishing their
profanity and planning to spend
several days in November election
eering against this gol-darned
thing of trying to run everything
from Washington anyway.
WESTERN SITUATION
It's this situation, reported from
Ohio and States west, which has
the New Deal worried as the No
vember elections approach, and
which causes the moth-eaten and
anaemic COP to prick up its ears
and wonder if it isn't time to do
o bit of trumpeting.
From all accounts, the revolt is
moving in a different direction
than usual. The general course of
the political storms which period
ically sweep the West from one
party column into another is from
West to East-starting frequently
in Kansas or Nebraska and wind
ing up in the vicinity of Indiana.
This time it seems to start in Ohio
and to be moving west through
; Indiana and Illinois. 1t isn't dis
coverable that it has struck Kan
sas, though it's blowing that way.
FARMERS ROLLED
Reports from the States where
1t is most in evidence agree that
the wheat, corn and tobacco!
farmers are all cussing. The wheat
farmer thinks his allotment too
low. The corn-hog farmer is hit
in two ways: With his corn crop
restricted he can't raise so many
hogs, and the hogs he does raise
don't bring enough on the market
to pay for the corn. Nor does
corn pay its own way.
There's another source of ir-
ration, too, which an fastener
would never guess. It's the AAA
tobaccoallotment program. In
Southern Ohio and other sections
where tobacco grows we'll, the
farmers usually put three or four
acres into tobacco-all one man
can look after along with other
farm chores-aS a quick cash
crop. They look to the tobacco
to buy new radio or get the
wife a fur coat, and leave a little
for other spending SpreeS.
; CUTS ACREAGE
: But along comes Uncle Sam and
+, cuts the tobacco acreage. The
farmers can't take it or leave it
The Washington times., 1938-10-13
Voters Bureau

The Democratic National Com
mittee's Absentee Voters Bureau
will be open daily except Sunday
from 9 a. m. to 9 p. m. from now
until after the general election on
November 8 to supply free no
tarial service and information
about voting in the various States.
The Bureau is at 14O6 G st. N. w.
The Washington times., 1938-10-13

"The Glade Of Death" Another in
of the French secret police, was as
signed to study the scientific methods
Of the Surete's foreign colleagues.
A double page illustrated feature In
the American Weekly.
The Washington times., 1938-10-13

If you have headaches and stOm-
achaeheS, be sure 10 read the authOri'
tatiVe and interesting article about
shoes and feet In The American
Weekly, the magazine distributed
with next Sundays Washington Her
aid Times.
The Washington times., 1938-10-13

"The Man Whose Eyes Must Never
Move" No earthly temptation strong
enough to divert the faithful guaI dis
of st. Stephens historic diadem. the
crown without Q king, which is Hun
Eary's lone symbol Of faith-and hope.
An illustrated picture I'm the Ameri.
can Weekly.
Evening star., 1938-10-27
YukonPac Mn1

Z In bankruptcy or receiverShip or being
reorg anized under the Bankruptcy Act or
Rates Of dividends In the foregoing table
are annual dtsbursements based on the
last quarterly or semi annual declarationS
dividends are noN included
Evening star., 1938-10-27
INDUSTRIAL RATE
CONTINUES TO RISE
Reserve Board Announces
Index Reached 80 in
September.
By the Associated Press.

The Federal Reserve Board an
nounced last night that its index Of
industrial production rose from 76 in
May to 80 in September.
The index, based on 1923-1925 as
100, is now at the highest point since
October, 1887. The rise from August to
September was only two points, but the
beginning of new-model production in
the automobile industry and further
increases in steel production virtually
assure a higher figure for October.
The 1887 peak was lib in April and
May.
Earlier in the day Secretary of Com
merce Roper warned business men
against price increases which he said
might hinder the recovery movement.
Prices must be maintained within
the reach of willing buyers if activity
is to continue to broaden" he said.
The Federal Reserve summary said
that September was marked by in
creased production of steel, plate glass,
lumber, meats, sugar, tires, silk and
coal. Output of shoes. woolens and
petroleum declined while cotton goods
manufacturing and construction were
little changed.
Evening star., 1938-10-27
NEW YORK BANK STOCKS
NEW YORK. Oct - LP.-Investment
Bankers Conference. Inc:
FOREIGN EXCHANGES.

NEW YORK. Oct. ~ lP,:-The pound
sterling fell back today after series Of
moderate advances in terms of the dol
lar. other leading foreign currencies also
retreated in quiet foreign exchange deal
ings.
franc .6os,a Of cent o, The belsa and Swiss ss
guilder lost .03 of cent.
Noon rates follow:
Great Britain. 4767s; 6O-day bills 4 16ls;
Canada, Montreal in New York: 9a,17:
New York in Montreal. 100 ,S3: Belsium.
16. 90: Czechoslovakia. 3.44i2; Denmark.
2I31; Finland. I'll: France, G:67; Ger
many, 4O.O7; benevolent. 1885: travel.
2I.35; Greece. as: Huneary. 1895: Italy.
5o6A; Yueoslavia: 2.34: Netherlands
5441: Norway 1897: Poland. 1894 ::
Portugal. 4.337s; Rumania: IS; Spain un-
quoted; sweden 245s: Switzerland :2;7o;
Mexico City. 2O.37 lan; japan. 27.s3: Hong
Kong 1915; Shanghai. 1885.
Rates in spot cables unless otherwise
indicated.
n-Nominal.
Evening star., 1938-10-27
OFFICIALS WEIGH j
BIC RAIL MERGER
Holders Of North Western
and Milwaukee Offer
Plan to !. c. c.
BY the Associated Press,

CHICAGO, Oct. 27.-Oficials Of the
North Western and Milwaukee Rail-
roads, rival lines whose steel arms
stretch out through the grain fields
OF the Northwest, studied details to-
day OF a proposed merger Of their
properties for economical operation.
The recommendation was submitted
to the Interstate Commerce Commits
sion yesterday by protective commit
tees Of certain shareholders of the two
roads. The companies now are being
reorganized under section II of the
Bankruptcy Act.
One committee represented common
stock of the North Western. the other
the preferred stock of the Milwaukee.
Charles P. Megan, North Western
trustee, said he was strongly in fa-
vor of the consolidation of the two
railroads if practicable plan can be
worked out. The difficulties are very
great"
H. A. Scandrett, Milwaukee trustee,
would not comment. -
Points of the proposal included:
Issuance of S80,000,0O0 of new first
mortage bonds to provide funds for
paying off bank loans and reconstruc-
ton fiance corporation loans and leave
balance of s13,00o00O for working
capital.
Issuance of 100000 shares of new
common stock, junior to the general
mortgages, to income bonds and to
preferred stock issues.
Transfer of all assets of the two
roads to one new corporation.
Securities to be outstanding upon
completion Of the reorganization would
include s45 $4,000 of equipment trust
obligations which would remain IN
disturbed s8O,00O 900 of first mortaee
bonds; s1S5,0000OO general mortsge
bonds; series /; s17O,OO0.00o income
mortaee bonds, series A. $4,000 900
income mortage bonds, series B: s24O.-
100000 of preferred stock and 5000 900
shares of new common stock.
No proposal was made for ALLEGATION
OF existing securities of the two roads
Consolidation proponents said the
merger. through combined operation
OF the two roads would make possible
an annual saving estimated at $40.
100000.
Evening star., 1938-10-27
10 L0W-Yield Bonds,
By the Associated Press.

BY the Associated Press.
NEW YORK, Oct. 27-Railroad
bonds pushed ahead today, carrying
corporate issues generally fractions to
Sor more higher.
Prompting interest in the rail issues
were the incoming September carrier
reports showing substantial improve
ment in net operating results Up
fractions to around in the final hour
were Southern Railway general IS of
1856, Illinois Central 4&.s, Rock Island
general As of 1858, Missouri Pacific 5s
OF 1877 IF. and Frisco 4 IS of 1878
Among utilities American & Foreign
Power SIS were around q. lower
Tilting upward in the general list
aesAe Armour 4s of 1855, International
Telephone SIS, Remington Rand AIS
and International Hydroelectric IS.
United States Governments were
e-32 Of a point higher to 3-32 lower.
In the foreign sector Abitibi Power
bs We're around Il, advanced, but
Milan 6l2s were down around Ia.
Evening star., 1938-10-27
RUBBER FUTURES.

NEW YORK, Oct. ~ .tP,.-Crude rubber
futures opened 8 to 9 hisher. December
17.00.17 :03: March, 17.0s: May. 17.o7b.
4 Bid.
Evening star., 1938-10-27
Holders Approve
Stock Reduction
For Union Trust

The outstanding capital stock of the
Union Trust Co. will be reduced from
s2,ooo,oo0 to sl0OoOOO as a result of
action taken by the stockholders at a
special meeting held this afternoon.
The plan as recently outlined in a
special letter to shareholders was
adopted unanimously
1t already has been given informal
approval by the controller Of the cur
1Hcy.
Evening star., 1938-10-27
CHICAGO PRODUCE.

CHICAGO. Oct. % tP.-Poutry, live,
one car; AZ trucks; easier; Leghorn chick
ems 12Ez: roosterS. 12i2; Leghorn roosters,
lll.; Plymouth Rock springs pounds UP,
l4i2; other prices UNCHANGED.
Butter. 735,102: steady; prices un-
chanHed.
Eess. . 2999: steady: refrigerator extras.
c4A: standards, "A: first. 23A; other
prices unchanged
Pota toes, 1O4: on track. 2S7: total U
g. shipments $50; Russet Burbanks. weak
other varieties dull weak undertone; sup.
plies moderate. demand slow sacked pei
cvt, Idaho Russet Burbanks, u S. No.
35-55; mostly around l.45; Washington
Sisssst Burbanks' combination grade
no. 1, a2i2-1 90: North Dakota. Cobblers
SIS to 30 per cent u. S. No. l and better
1904: Early Ohios. 90 per cent U. S. No
l, 1i2A-15.
Evening star., 1938-10-27
U, S. TREASURY NOTES.
NEW YORK. Oct ~ R.-Prices quoted
dollars and thirty-seconds:
ApproX.
asked. yield
q. S. TREASURY POSITION.
By the Associaeed Press.

The position Of the Treasury October
lures S1S4T3.15973; net balance. 81
6l5,ss6512. .9s including S2.00s, 103.-
3a2;sa working balance; soe customs st receipts
Receipts for the fiscal year (since July
y. 1.771 ,432,319.SO: expenditures: 81
s64 ,9s7 O6O.a7, including 5000 POS, 45O: :65
of emergency expenditures: excess OF ex-
penditures. 81. .O93. .554, 75O.51: gross debt.
$3S,424. Q32 57977, an increase Of 81 O74,-
al SO above the previous day; gold as
sets. S14 O22,S7S, 123.1o.
Evening star., 1938-10-27

ww-With warrants.
xw-Without warrants.
New
st tstp)-Stamped
SNegotiability impaired by maturity.
+Companies reported in receivership.
Evening star., 1938-10-27
I.C.C. Asks Data
From Pipelines,
Water Carriers
Ey the Associated Press.

3. the ASSOCIATED PTeSS.
The Interstate Commerce Commits
sion ordered all major water carriers
and pipeline companies today to make
quarterly reports on their revenues.
Concerns which had annual operat-
ing revenues of $50o,00o for three pre-
ceding years will be required to make
the report.
Evening star., 1938-10-27
EXTRA DIVIDEND VOTED.

NEW YORK, Oct. ~ @.-Directors
Of American Chicle Co. today declared
an extra dividend of 81 a share and
the regular quarterly disbursement of
81 on common stock. Both payable
December Is to holders Of record De-
cember 2.
Evening star., 1938-10-27
INVESTING COMPANIES

NEW YORK. OF. - lI,-Investment
Bankers Conference Inc:
tNccn ouotations)
Evening star., 1938-10-27
FEDERAL LAND BANKS

NEW YORK. Oct, ~ (R.-Federal Land
Evening star., 1938-10-27

sSuotations not furnished bv SPONSOR or
issffer; all others are obtained by /. B C.
from those sources.
Evening star., 1938-10-27

lex dividend
tPlus extras e2S extra f215os ex-
ira. h T5c extra gSl4 extra paid No
vember so 1897 k 3Oc extra m So extra
SOC paid September 20 1898.
Evening star., 1938-10-27
MONTREAL SILVER.

opened unehanssd. 'SH . oetob 1875 bid.
Evening star., 1938-10-27
Washington Exchange
SALES.

SALES.
Washington Gas SIS, l960-s500 at
100.
Bid and Asked Prices.
BONDS.
Evening star., 1938-10-11
Special-Wednesday Only
so Royal Hand
Vacuum Cleaners
Regularly s12 $7.95

Handy, efficient oIeoner-eosy to oorry-eosy
to operote-wth rubber nozzle to protect
your furniture. Smooth-runnine, outonot
ooIIy fabricated beorines-wonderfuIIy strong
suction. Limited quantity os we'll os the sov
ing of $4.O5 worronts your early purchasing.
With each purchase Of hand pacaam
cleaner you may buy a $3.50 Mofh.Sbrayer
attachment. Special ------------H
ELECTRIC ApPLIANcEs, FIFTH E1ooA.