davidaulloa/AmericanStories huggingface dataset:
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-04-21

As AT
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-04-21

46-47.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

District OF Columbia-Fair and
slightly colder with lowest tenn
perature about IS degrees to-
night: Tuesday increasing cloudi-
ness and slightly warmer; gentle
northwest winds, becoming vari-
able.
Maryland and Virginia-Fair,
slightly colder in east and central
portions tonight; Tuesday increaS-
ing cloudineSs with rising tenn
perature in the interior.
TIDE TABLES
High tides today at sos a. m.
and at 6:33 p. m.
Low tides Today at 1885 a. m.
and at 1851 p. m.
High tides tomorrow at 6:53
q. m. and at 7:16 p. m.
Low tides tomorrow at 1875
q. m. and at 1886 p. m.
SUN AND MOON
The sun Uses today at 1922 a. m.
and sets at 4:45 p. m.
The moon rises today at $40
a. m. and sets at 1925 p. m.
The sun rises tomorrow at 1928
a. m. and sets at 4:44 p. m.
The moon rises tomorrow At
6:14 a. m. and sets at Alb p. m
LOCAL TEMPERATURES
4 D. AZ 4 q. m.......31
Ia D. m, SO 3 q. M. oosS1
Midnight $50 Noon ....ss.Ss
DEPARTURES
Accumulated excess Of tempera'
ture since January /, 1898, $3.50.
Excess Of temperature since De
cember /, 1898, 5S.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
FARMS REJECT
Burnley QUOTA

Q.N.S.) Returns from Il
States indicated today that the
Administrators farm program re
ceived a blow Saturday from grow
ers Of hurley and dark types Of
tobacco, who voted down the
AAA's 1899 quotas.
This rejection followed closely
the thumbS-down vote by grow
erS Of the flue-cured tobacco, who
balloted also against the quota,
The price situation for hurley and
flue-cured tobaccos is not so dark
as for the others, according to Agri.
culture Department figures, but
rejection of the quotas was inter.
preted by some authorities to in
dictate disapproval by those grow.
ers Of the New Deal program.
The number Of farmers voting
was not as large as in the cotton
referedum. when growers balloted
approval Of the AAA'S quota.
Almost complete returns from
the referenda Saturday follow:
Yes 124,973, No S2.S10. total
207 1872.
Fire-cured and dark air-cured
tobaccoS (AAA's quota: 13S.O0O,-
600 poundS:) Yes 26,072, No 49,
894, total 1896.
Two-thirds votes Of approval
were required to make the quotas
effective.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

ness courage. rising security mar
ketS.
At home, irregularity rules
There are both encouraging an6
diScouraging developments.
Auto production is at a new
leak for the year. Power con
sumption is climbing toward new
heights. The steel industry is
cheerful, with indications that this
years production will be the best
since 1880. The lumber industry
is going ahead. WPA workers are
finding private employment on at
least a moderate scale.
The stock market managed to
make some Roadway last week.
Commodities held their own.
On the other hand. bank loans
to business dropped to the lowest
level in years. Fewer life inSur-
ance policies are being written. Re-
tail trade is not fulfilling expecta-
tions. Year-enC dividends are not
matching those declared a year
ago. Strikes, especially in the au-
tomobile industry, are disturbing.
Many men of affairs are focus
ing attention on Washington.
While deeply gratified over the
elections, they prefer to mark
time until they can get a definite
line on the RooSevelt-verSuS- Con-
gress situation. They are con-
vinced that the President is reso-
lutely determined to drive through
further reforms " unpalatable to
them. They hope that Congress
will thwart such attempts, but
they are not sure.
THE PEOPLE SPEAK
On this score, have few doubts.
The people of America have spoken
n not uncertain tones. They have
I'VE have had our fill
Of politics and politicians. We
want more prosperity, more EN-.
we don't relish contin-
lation of billion-dollar pump-prim-
ng entailing still heavier deficits
and taxes"
The prospect is that nothing de-
,isive will materialize for some
Veeks-perhaps for a couple of
months. But my guess is that the
1ext important movement in in
lustry. in securities, in employ
nent, will be in the right direction.
Copyright, 1898, by B. c. Forbes.)
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
Swift Firm Reports
$3,4o3,978 Net Loss

NEW YORK, Dec. 10 Q.N.S.)
Swift & Company and subsidiaries
today reported net loss Of So, 1885,
978 for the fiscal year ended
October 20, 1898. For the year
ended october 80, 1887 the com
pany reported net income Of
81, $50, 496, or $3.50 per share.
During the year Swift drew
$11, 0OO, 900 from prior existing
inventory reserves, leaving $751;.
900 remaining. The latest years
earnings also take into account a
s., O7O, 591 contribution to the pen
sion fund and a $1.003, 1886 credit,
representing special distribution
by q mutual casualty company.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
MARKET RISES,
STEELS IN Van
By LESLIE GOULD

NEW YORK, Dec. 10 Q.N.S)
Wall Street resumed operations on
the upside today after last weeks
late reaction, as the stock market
inaugurated a new week with an
advance Of ! to 2 points.
Trading moderately active, with
movements in aviations and steels
also completely dominating the
forenoon trend. Several of the air
issues climbed into new high
ground for the year.
Douglas and United Aircraft
were the outstanding performers,
both reaching new high ground Oil
gains of 2 and a shade less, re-
Spectively. Bendix Aviation, up q
point, also hit a new 1898 peak,
while Boeing gained as much.
In a strong and active steel
group. q. s. Steel ran up close to
2 points, while Bethlehem and
Youngstown climbed more than a
point. Chrysler also was up more
than a point for a time, but Gen
eral Motors gain was limited to
a fraction.
The poor Swift & Co. report for
the fiscal year ended October 20,
brought a drop Of more than 8
point in the company's stock. The
net loss Of $3,493, 1913, contrasted
with a net income Of $9,214,12O in
the previous fiscal year.
Rails, coppers, electrical equip
menrs, rubbers and utilities gener-
ally were fractionally above pre-
YiouS closing levels.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
new PROGRAM
FOR RAILROADS
TO Be STUDIED
Five-Point Plan Waits
House Committee
BY WILLIAM s. NEAL

U.N.s0 A long-term rSSrram
to save the railroads" wiz be
thrust before Congress soon after
January 8 and the House Inter
state Commerce Committee will
plunge into early study Of the
problem. it was announced today.
The program, it is expected. will
include five lines Of action BY
Congress.
NEW AUTHORITY
These proposals will be made:
l. Creation Of Federal Trans
portation Authority to study
elimination Of waste. study con-
solidation. pooling Of traffic.
unified terminal operations and
similar reforms.
2. Reorganization Of the In
terstate Commerce Commission
and creation Of single govern
ment agency to regulate all
forms Of transportation.
8. Cure Of financial abuses"
Of railroads.
4. Broadening of power Of
Commerce Commission or some
other agency to permit consoli.
dationS. Scrapping Of present
so-called consolidation plan"
5. Bankruptcy revision and
government financial aid.
LEA PLANS BILL
Chairman Clarence Lea CD Of
California, of the House Interstate
Commerce Committee, who has
been comforting with government
said that he plans to file
a bill early in January as a basis
for hearings.
He indicated that the proposals
for a transportation authority,
revision Of the consolidation power
Of the Commerce Commission and
other proposals made by a special
committee Of the Interstate Com
merce Commission, appointed by
President Roosevelt, will be con-
Sidered.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19


Hitler nor Mussolinia feels salts
fled with today's status. Both arr
proclaiming to the world, like
Oliver Twist, they want more
The British government, appar
emily. has made up its mind not
to make further concessions tc
them.
A STERN FUTURE
Thus, the world is face to face
with aWesome potentialities.
In other directions, interna.
tional affairs are not conducive
to business enthusiasm.
Mexico has set an example to
all Latin-American countries in
confiscating American .oWne d
property which. it is feared, may
prove contagious. The oil gar
nered by the Mexican government
from wells developed by United
States concerns is being bartered
in such way that our country
is being put at an unconscionable
commercial disadvantage.
The Spanish tangle continues
untangled. Our Governments fl
nancial support of China, to the
tune of $25, 100000, suggests that
the struggle between the two vel
low races is likely to be prolonged.
Germany's racial actions still are
stirring worldwide resentment.
The inspired Italian clamor for
the annexation of French colonies
has injected a new disturbing
note.
In short, world conditions are
not conducive to stability, bust
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

Observation-Disclosures steady. Truck
and express receipts very light. Florida,
pony fefrigerators and s6-pint crates.
SOC per pint.
Kale-Market steady. Truck receipts
light. Virginia. Norfolk section, bushel
baskets. 3O040c.
Collards-Market steady. Truck re-
ceipts light. Virginia, bushel baskets,
80 q 4Oc.
Mixed vegetables-Two California, /
Texas arrived: broken and . I'M
broken cars on track.
Snap Beans-Market steady. Florida,
bushel hampers green, flat type, $1.15 o
1.25: round stringless, $1.5O@1.75
Lima Beans-Market steady. Florida,
bushel hampers, $4.5O@5.
Squash-Market steady. Truck re-
ceipts very light. Florida, bushel ham,
peEs White Wrapped S,SO@S. -.
ceipts very light. Florida. IN bushel
crates $3.50.
Observation-Disclosures steady. Truck re-
ceipts very light. Florida, bushel bas-
kets, best, $3.50. fair quality. $3.50.
Potatoes-Maine. market weak; other
broken and 10 unbroken cars on track.
1O0-lb. sacks U. 8. No. /: Pennsylvania.
Lancaster County, Cobblers, $1.65@1.75,
fair quality, $1.4O@1.5o: Katardins,
$L75; Other Sections. Cobblers. fair
quality. 31.4O11.5O; Maine, Green Noun
tains. $1.75@1.s5; New York. Round
Whites, $1.40@1.5O; Idaho. Russet Bur
banks, $2.25@2.35; Maine, 15-lb. sacks,
Green Mountains, U. 8. No. 1, s2c.
Artichokes-Maryland. u bushel has
kets. $3.50.
Beets-Texas, u crates, s115012S
ranberries-Massachus Y barrel
boxes, 81
Garlic-california, 1O-lb. sacks SOC
0$1.
ACKNOWLEDGEMENTS and Pennsyl
vania. BIB. baskets, 35@75c.
Turnips-Canada, 5O-lb. sacks, Ruta
1 bagas. soc.
Chestnuts - Portugal, 1O-1Oh. pei
pound.
Avocados-one California arrived: I
unbroken car on track. Florida. flat
crates, $1@1.5O; California, flat crates
$1.75@2.25.
Grapes-California, lug boxes, EN-,
perors, $4,000, fair quality, $1.25; Al
merias mostly around 50.
Honey-Virginia. cartons, dozen
comb. $4,000.
: oranges-Six Florida arrived; 1 broker
and unbroken cars on track. Florida
} standard boxes. $1.7502, as to grade
and size.
Pecans-Narth Carolina, stuarts. 14@
15c; Schleys, 2O@25c per pound.
/ Persimmons - California, flat crates
) $1.25@1.5O.
Parsnips-Pennsylvania. h-bushel bas
Black waInuts - Virginia, 2hc pe,
pound. "
Radishes-Texas. II crates. s1.5O@1.7S
] Endtves - Belgium, 1O-pound boxes
PineappIes-Cuba, crates, 1904,
/ Escarole-Florida, 1h-bushel hampers
4 $1.75@2.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
POWER
Nebraska Acts to Take
Over Utilities

LINCOLN, Neb., Dec. Is
Q.N.S0. The program to elimi
nate all privately-owned electric
utilities in the State of Nebraska
moved a step forward today with
the authorization, by two local
power authorities, Of issuance Of
SIS, 500, 000 in bonds for acquisi
ton Of properties.
Directors of Tri-County Public
Power District have voted to issue
$21 SOC, 900 revenue bonds, SIT,
$4,000 to be used to purchase
properties Of the Iowa-NebraSka
Light and Power Co. The district
will also buy properties of South
ern Nebraska Power Co.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
SLOW ADVANCE
FORECAST FOR
STOCK MARKET
Business Seen Nearly
Out of the Red

There is reason to conclude, OF
the evidence Of the stock market
activity and the price action dur
ing the past week, that a nev
phase of advance is under way
according to Poor's Investmen
Advisory Service.
Such a performance" the
bulletin states, would be en-
tirely in keeping with precedent
and the outlook for early 1899
business. A perpendicular ad-
vance comparable in rapidity
with those witnessed in June
and September is highly i'm
probable.
RESISTANCE LIKELY
"Stocks have already dis
counted a good part Of the ad-
ditional business gains expected
for the first quarter of 1899.
Any rise carrying up to the high
points established in the Novem-
Der election rally will probably
be met with strong resistance"
Alexander Hamilton Institute
proclaims that the index of bust
ness income was lower than the
index of business expense during
the past week by the narrowest
margin of the year. The 1.2-point
the Institute says, indi-
Gates that a slight further extern
sion toward initiation would bring
business out Of the red"
ANECDOTE RECALLED
The latter position is remindful
Of the Eastern visitor to Los
Angeles who asked a native how
the city weathered the 1929 de-
preston and was told that Los
Angeles never had a depression.
The BOOM" the native admitted,
however, was the poorest in the
history Of the city.
The Federal Reserve Boards
adjusted index of business activ-
Ity, however, places the level at
100 per cent, based on the asSump-
lion that the 1923-1925 index was
normal. Last month business oper-
ated at this level for the first time
since october, 1887. the Reserve
Board announces.
Bank clearings are generally
nigh all over the country, the
BOARD advises and the drop in the
ndex of food prices has resulted
n the expected increase of re-
;ailer volume due to the expan-
lion of the purchasing power of
he dollar.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

squirt that was going on during
Tuesday, Wednesday and Thurs
day.
CLOSED WITH GAIN
The market closed the week with
q net gain of l to points ir
the composite averages, which is
a good deal better than it might
have done under the circum
stances. This is the highest Sat
urday closing average in over a
month.
All but one of the dozen stocks
which were most active last week
showed gains at the close. A ma
jority of them we're in the avia-
ton, steel and motor groups.
remain of the opinion that
the next important move in the
market will be an upward one.
Accordingly, I advise holding a
carefully selected and Well-diVersi.
fled list of stocks.
UPTREND EXPECTED
The evidence given by the
volume of trading is mostly to
the effect that the market favorS
the upside. The volume rose
on the advance in the early part
of the week.
1t may be worth noting that
several of the stocks which are
known as market leaders closed
higher on Saturday, including
Bethlehem Steel and Standard Of
New Jersey.
The utilities as a group have
been relatively firm. Since they
have been most abused by the
New Deal Administration, this is a
favorable indication.
But the main point is the
change of Washington. Press dis
patches from that quarter are all
sweetness and light, and suggest
much more than mere breathing
spell for business.
Finally, the initiation potential
keeps on building up, as gold i'm
ports, demand deposits and excess
reserves all make new highs.
Anyhow, what the Musicas did
to McKeSSon & Robbins doesn't
compare with what the New Deal
erS have done to the United States
Treasury.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
Weather Forecast

Accumulated deficiency Of pre-
cipitation since January /. 1898,
$50.
Deficiency Of precipitation since
December l, 1898, IA.
TEMPERATURE SAME DATE
LAST YEAR
Highest, a.; lowest, 81.
TEMPERATURES
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

Foreign un'
Gel taintieS are
named m o S I
frequently by
men of affairs
for their deci.
sion to mark
time.
A d m ittedly,
Europe is sitting
on a volcano.
British Prime
Minister Cham
b err lain has
ceased to swal-
low fragrant in
suits from die
fofOrc Noithop
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
WASHINGTON PRODUCE MARKET
By the U. s. Bureau of Agricultural

BY the u. s. Bureau of Agricultural
Economics
prices paid shippers-Net F. o. 81
WashingtonD
Eggs-Market steady on Government
graded and dated eggs; slightly weaker
1c lower on nearby ungraded eggs. Gov.
eminent graded and dated eggs: Whites,
mediums, 33c; U. S. standards, large.
36c; U. S. standards, mediums, 28kc;
U. s. trades. 2Shc: pullets. 26c. Nearby
ungraded eggs: Current receipts, whites,
30@31c. Mixed colors, 27@2Sc.
Live Poultry-Market steady. Fowl:
Colored, all sizes, 15c; No. Is. 10@12c;
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

There W ere
so many dis.
turbing events
that it would
not have been
surprising if a
NOR e decided
move had &C.
cured. S o m e.
t h ing of a
break m i g h t
well have been
expected. But,
as q matter of
fact, the aver
ages did little
more than stop
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
1888 'SIde@ayS' Year;
Europe ON n V0lcAnO
Situation at Home Not Too Alluring as
Viewed by Forbes
BY B. G. FORBES

By far the most brilliant young reporting the
Boer caught in the siege of Ladysmh contracted
fatal Illness visited by another correspondent told him
open champagne and raising glass; said
"Here'S a sideways ending to it ALL" Then he died.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
STOCK PRICES
SHOW GAINS
DURING WEEK
Haney Points to Squirt
Despite Bad News
BY LEWIS HANEY

NEW YORK, Dec. 10 UN.SO.
A typical year-end market is about
all one can say of what happened
in the stock market last week.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
|. Q. Answers
QUESTIONS ON PAGE -,

l. b. 2. Andrew Carnegie. 8.
A fictitious report circulated for
political purposes, usually before
an election. 4. b. 5. False cocoa
leaf produces cocaine; the cacao
bean gives cocoa. 6. 1869. 7. b.
8. Franklin Kettering. 9. (See
illuStration).
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
Washington Stocks

SALES
washington Railway & Electric
preferred, 5@115h.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

This year is ending sideways
Why the new attack of hest
fancy, apprehension. timidity?
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

sEx. dividend. brooks closed. fPlus
extra. e2 per cent extra. f2h per
cent extra. h75c extra. g$14 extra paid
November 90. 1887. k30c extra. m$3 ex-
ira. p60c paid September 20, 1888.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19

squirt that was going on during
Tuesday, Wednesday and Thurs
day.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1938-12-19
TOdGUy's
Most
ACf60'e
Stocks
High Low Noon

Furnished by W. B. Hibbs & Co.
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1938-11-17

doing business, with resources of
81, 486, 900 In 1885. Some time later
a similar credit union was started
at Central Fails, Rhode Island, and
proved very successful.
The idea Of credit unions at that
period did not spread so rapidly In
the. United States, as they did In
Canada in the same period. 1t was
only after the World War, that the
credit unions idea really began to
take root in the United States.
It may be added here that the
well-known businessman and phil
anthropist of Boston, Edward "A.
Filene, who passed away not so long
ago, was much impressed with the
possibilities of credit unions, spent
much time and money in sponsor
ing credit unions throughout the
nation.
Through Filene's efforts, the first
credit union law was passed in
Massachusetts, in 1909, and also that
legislation, both national and thru
the various states, was passed thru
his aid.
In Minnesota the first credit un-
ion law was passed in 1925. The
state banking department makes an
annual audit of credit unions. There
are about 5000 credit unions in this
country and over one-third have a
Federal charter.
AT the present time credit unions
are growing in the United States
at the rate of approximately one
hundred per month.
There are a member organized
in Stearns county, at the following
places: Albany, Collegeville, one
each, and three or four in st. Cloud.
The various credit unions in Min
nesota are members of the Mime
sofa Mutual Credit Union League.
which in turn, is a member of the
Credit Union National Association.
Credit unions have grown most rap
idly during the last five depression
years, and none have ever failed.
Now that we have seen a definite
historical background Of the credit
union, we can now begin to exam
inc it's purpose, management, meth
cd of doing business, and other fea-
lures.
AS has been said before, the cred
it union is self-help association
of individuals who pool their saw
ings and loan money to each other
in time of need, at a reasonable
rate, thus both inducing thrift and
economic cooperation.
Most people have no bank credit
Our legitimate bankers and build
ing-and-loan officers are handicap
ped by laws, precedent and operat-
ing expenses which in most cases
make money credit impossible to at
least Is percent of the people.
AT least % percent of the rs per-
cent must borrow money for good,
sound reasons during the course of
each year. They cannot borrow
The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1938-11-17
Wasn't That
Kind of Kitty
PUBLIC OPINION
Cooperative Credit Unions, Their
Origin, History and Place in To-
days Economic Structure.
(By Ferdinand Wiener)
nA nT III

l6y FerQlnanQ Wlener)
PART II
Before going into further histori-
cal detail, it perhaps is well to ask
what a credit union really is. A
credit union is an association or
ganized to promote thrift among it's
members and to create source of
credit for provident or productive
uses.
The credit union makes it pos
sible for it's members to save with
convience, safely, and in small
sums. Shares are purchased by
small savings, at members conven-
fence, monthly pay days, or at ir-
regular intervals. The money saw
ed is then loaned to members at
reasonable interest. The credit I'M
ion is especially interested in pro-
viding short term loans, small loans
are made upon character.
The idea of group of people
combing their savings loaning same
to members of the group at reason
able interest, also at the same time
paying a fair rate of interest to
themselves, caused credit unions to
spread to practically every country
in Europe.
The founder Of the first credit
union on the American continent,
was Alphonse Desjardins, who, TAX
ing the rural parish society type in
Europe, set up the first peoples
bank" at Lewis, Province of Quebec,
Canada. This was in 1900. Some
years later, Desjardins organized
credit unions in large numbers in
different parts of Canada.
In the United States, the first
credit union being also of the same
parish credit union type, was organ
lied with Desjardins' help in 1909.
This was established in the Ste.
Marie Parish, at Manchester, New
and called La Caisse
Populaire Ste. Marie" or 1.-The Peo-
pies Bank Of st. Mary's." It is still