davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-02-25
NEW YORK Phone
NETS @,415,S2
Years Profit Compares
With $36,110,325 for
Previous Period.
By the Associated Press.

! By the Associated Press.
NEW !'ORK, Feb. 2s.-New Yorl
Telephone Co. reported for the yeal
ended December 81 net income OF
$34,4l5,352. equal after dividends or
preferred stock to 1896 a share Of
common stock. This compared with
$36.ll0,325 or $s.19 a share in 1895.
Most of the 4,213,00o outstanding
shares are owned by American Tele-
phone & Telegraph Co. The preferred
stock was called for redemption ir
July, 1887.
The company reported q net in.
crease Of 96,112 telephones during tht
year, which compared with an in.
crease Of 106,053 In 1886.
Western Electric Co.
Western Electric Co.. Inc, manu-.
facturer of electrical equipment, prac.
tically wholly-owned by American
Telephone e. Telegraph Co.. for 1881
reported net income of s19,514,197
after Federal income taxes and
charges, against $18,69s. .049 in 1886
The company stated 1t made no pro-
vision for the Federal undistributed
profits surtax. in that no liability un-
der the levy was anticipated.
Consolidated Edison.
Consolidated Edison Co. Of New York
reported for the year ended December
81 consolidated net income of $685.
662,663. equivalent after minority in
terests and preferred dividend require
ments to $2.17 a share of common
stock. This compared with s37. 1896, 1853
or $3.50 common share in 1886.
Total operating revenues for the
year were s235.l72,23s against 1884,
825,19l in 1896.
Schenley Distillers.
Schenley Distillers Corp. and sub
sidiaries reported 1887 consolidated
net profit of s7,32O,9O3, equal after
dividends on the preferred stock to
s5c4 share on 10000 shares of
common stock. This compared with
net profit in 1886 Of 1927, ,796 or s7.05
a share on 1850, 900 common shares.
Briggs 4 Stratton Corp.
Briggs & Stratton Corp, makers of
automobile locks and other equipment,
with plant at Milwaukee, Wis, re-
ported 1887 profit Of s1.275.00o, equal
to s4.25 a share Of capital stock. This
compared with s972,s43 or 1924 a
share in 1885.
Reliable Stores.
Reliable Stores Corp. placed net in
come for 1897 at 1882, ,O79 after charges
and undistributed profits surtax, equal
after preferred dividends to s2.16 a
share Of common stock. This COM
pared with $232 a share on income
Of $906,479 IN 1896.
Loft, Inc.
Loft. Inc, and subsidiaries reported
1887 net loss of s972,704, against net
loss Of ss7o,5l4 in 1896. Company
operates confectionery stores and
restaurants in 10 States along the At
lantic seaboard.
Eaton Manufacturing.
The Eaton Manufacturing Co., auto
mobile accessory concern, announced
net profit for the year ended December
81. 1887, of s2.56s, 800. equal to s3.65
share on 703,6 outstanding shares
of stock. The company reported 1886
profit of $4,000, $50. or s3.43 a share on
696.146 shares. Chairman J. o. Eaton
said last years dollar volume of sales
represented an all-time high for the
concern.
Evening star., 1938-02-25
COMMERCIAL CREDIT
DECLARES DIVIDENDS

Special Dispatch to The Star.
BALTIMORE. Feb. 25.-At the reg
ular meeting of the Board Of Directors
Of Commercial Credit Co. yesterday
regular quarterly dividends Of 81 per
share on the common stock and
s1.o614 per share on the ~ per cent
cumulative convertible preferred stock
were declared.
Both dividends are payable or
March 81. 1888, to stockholders of
record at the close Of business March
II. 1888.
At the annual meeting Of stockhold-
ers all retiring directors and offcer-
were reelected.
Evening star., 1938-02-25
WABASH RAILWAY
FUND|NCATTACKED
Action Of "Siphoning" Cash
From Subsidiaries Hit by
Senator Truman,
BY the Associated Press.


Senator Truman, Democrat, Of Mis-
souri,. criticized yesterday the action
OF the Wabash Railway Co. in "siphon.
ing" funds from subsidiaries to make
its own cash position appear In q better
light in 1880.
Senator Truman. acting as chairman
OF the Senate Railroad Finance Com
mittee, contended the road built up its
income account artificially in order to
have its bonds listed in New York
and other States as q legal investment
for savings banks.
1T was another case Of grasping at
straWs to save current situation"
Senator Truman told Wabash officiak
who testified before the Senate Com
mittee.
1T shows that men are prone not
to face a situation when they should
face 1t. You people in high places in
the world of finance are going to have
to face these situations squarely as
they come along. and then you won't
have to appear before committees like
this one"
Admits Using Resources.
A. K. Atkinson. treasurer for re-
ceivers Of the Wabash and q former
vice president. testified that the COM
pany dipped into the resources Of its
subsidiaries to Offset steadily declining
earnings, but did so because of con-
fidence that prosperity was Just
around the corner"
I'VE used what we thought was good
judgment at that time" he declared.
Frank c. Nicodemus, co-receiver for
the Wabash. declined to pass Judgment
on the dividends paid to Wabash by
its subsidiaries. but he asserted he was
not undertaking to justify them.
He told Senator Truman he thought
the directors used what they believed
was their best Judgment at that time"
Mr.. Nicodemus added he regarded the
payment Of dividends by the subsidi-
aries as case of the Wabash draw
ing on its subsidiaries in time Of need"
Tells Of Dividends.
Mr.. Atkinson testified that the New
Jersey, Indiana and Illinois Railroad,
q wholly owned Wabash subsidiary.
paid a IS per cent dividend to the
Wabash in April of 1880. and that the
Ann Arbor Railroad. a 90 per cent
owned Wabash line. voted a dividend
of per cent on its preferred stock and
6 per cent Of its common stock in
the following month.
Neither the N. j.. I. g. I. nor the
Ann Arbor previously had voted q cash
dividend from 1925 to 1880, committee
records showed.
Mr.. Atkinson conceded that the
Wabash was anxious to maintain its
earnings at one and a half times its
fixed charges in order to have its
bonds listed in New York and other
States as legal investment for sav-
ings banks.
Evening star., 1938-02-25
JOINS c. 4 o. BOARD.

CLEVELAND, Feb. rs (P.-Chesa-
peake g. Ohio Railroad announced to-
day that John M. Miller. jr., president
Of the First & Merchants Nationa
Bank Of Richmond, Va. had been
elected director OF the railroad,
which is under control Of Robert r.
Young and associates.
Evening star., 1938-02-25
By the Associated Press.

NEW YORK. February 25.-Gains
Of to 2 points or more dominated
q general advance in the bond market
today. Some inactive issues were up
more.
United States Government obliga-
tions generally were 2I32 to 6/32
higher. while the few losses in this
list were narrow.
Allegheny IS, Rock Island Is, In
ternational Hydro Electric Is, Inter-
national Telephone SIS. Missouri Pa
cific IS, New Haven IS, Northern Pa
cific Is. Nickel Plate 4l2s were all
around a point or more higher.
Foreign issues were generally
higher. Polish. Austrian and Checho-
slovakian issues led in the advance.
Evening star., 1938-02-25
RE1CHSBANK STATEMENT,
q. s. TREASURY POSITION
~ the Associated Press.

The position Of the Treasury on Feb
suary e3: Receipts. s73.6sO 42O. 10; ex-
penditures, $s2.717 ,231 .13: balance. ST.
month. $19, ,14i .924b3. Vac
- Reseiptss for fer the iscal year tsince July
Sal .302. 1874. including $3.50, 400, .
649.O2 Of emergency expenditures excess
Of expenditures, 81. .O22 .O93, ,62I.7i: cross
debt. S37, 62S, $40. S25.79 an increase Of
&11.744,254.16 above the previous day:
sold assets, Sl2,7S4.3s7 .86O. SO.
Evening star., 1938-02-25
NEW YORK PRODUCE.

7as uns.essd xoRk mi Mixed q eoor. sp.ei. "a
les4-17h; seconds I6is-s4: mediums and
1oN:. .refriserators unauoted.
Butter. .ges; weak: creamery. hish-
taa eaIss Ars: ess si.t;s ss .:senS; :sSss
(e4.e7. 21.2e.
~ Cheese. 1885; steady; prices un-
Evening star., 1938-02-25
METAL MARKET.

.say .,eet4esic Y6Sk rss :act .na e tusnI.
nessby; 1925; future, 4ssS. lead STEADY:
4.3S.. Zinc steady East st. Louis. spot
and future. 4.75. Platinum. 36.OOa3s 90,
nominal. Iron. aluminium. antimony,
Evening star., 1938-02-25

WANTED-AssoCATE ACT AS TREAS
URER. direct sales (mail and persen ai
eontact Eastern cities. promoting unisue
Subject warrants quick and profitable re-
turns. $500 required for sales efforts
Investor receives 5Oes interest. Advertiser
nish bank references. Phone Ma. o2c0,
Ex. 6?.. or write Box SOL, Star Once.
Evening star., 1938-02-25
DOLLAR MOVES DOWN
IN LONDON DEALINGS
3y the Associated Press.

By the Associated Press.
LONDON, Feb. Is (P. United
States dollars were quoted q of a cent
lower in final foreign exchange deal
ings today. At Sol 1916 to the
pound. the American unit compared
with $5014s for sterling in New York
overnight.
French francs gained in relation to
sterling, closing 1887 to the pound
against 154.12 yesterday.
PARIS. Feb. Is (R.-At the close
Of foreign exchange trading today
United States dollars were quoted
306825 francs (3.259 cents to the
france. In comparison. the franc rate
in New York overnight was 1888
cents. Exchange on London, 1882.
Three per cent rentes in the Bourse
were $3.50; 412s a." 71.25; AIS, 1887,
1O5.7O.
Evening star., 1938-02-25
ST. JOSEPH LEAD TO PAY.

NEW YORK, Feb. IS R.-Di-
rectors Of st. Joseph Lead Co., st.
Louis, today declared . dividend Of
IS cents . share on capital stock, pay
able March 10 to holders of record
March Al. Ia previous quartars pay.
msnts of 30 cents were made.
Evening star., 1938-02-25
ABBOTT LABORATORIES
VOTES EXTRA DIVIDEND
Rx the Associated prAas

By the Associated Press.
CHICAGO, Feb. 25.-Abbott Labo-
ratories directors today voted an extra
dividend Of 10 cents a share in addi-
tion to the regular quarterly payment
of 40 cents on the common stock, pay
able March 81 to stock of record
March II.
Directors also voted $112l2 share
on the ~ per cent cumulative con-
vertible preferred stock. payable April
Is to stockholders Of record April /.
Evening star., 1938-02-25
GOLD IMPORT REPORT.
n the Associated Press.

Gold imports in the week ended Feb
ruary IL totaled S1,2b0.38O. About half
Of the shipments came from the Philip
pine Islands.
silver Imports assresated 81. .ep4. .e7l.
nearly all coming from Mexico and CanadA
Exports Of both metals were neeliai6le.
Evening star., 1938-02-25
DIVIDENDS ANNOUNCED

NEW YORK, Feb c5-Divdends de-
elared. Prepared by the Standard Sta.
Pc Stk Of Pay
Rate. riod. record. able.
Amer 1ns Newark sc 3-9 Al
Veeder-Root Inc CSC al 3-I5
No Action Taken.
Chrysler Corp.
Passed.
Tappan Stove.
Werthan Bag Corp 81 pr pfd
WerthAn Bag Corp 81 pfd
Evening star., 1938-02-25

Page-Hersey Tubes, Ltd.-1037 COM
men share earnings were $5.s3, against
Evening star., 1938-02-25

RUBBER FUTURES.
NEW YORK Feb. rs R.-csade rubhs,
futures opened higher to lover. NarcN
14.eb-oe; MAJ. 1918; July. lS3z-j3.
Evening star., 1938-02-25

MONTREAL SILVER.
MONTREAL. Feb rs R.-Silver fu-
lures opened Is higher. Bid: March, A. 70;
May. 44.6O; July. 44.40.
The Waterbury Democrat., 1938-03-31
|NASRI KHATTAR
 | TO SPEAK HERE
Yale Art School Graduate to Be Baptists Guest
 Wednesday

Nasri Najib Khattar of the Uni- versity of Beirut will speak to the First Baptist Women's Missionary and Social Union at their meeting next Wednesday afternoon at 3 o. o'clock, at which time members will continue their study of the Moslem World.
 MT. Khattar is a graduate stu- dent of the Yale Art School, where he is taking course in orchitec- ture with view to returning to Syria and helping with modern building program there. He will speak here in his native costume and will also show Syrian exhibit.
 During the meeting there will be piano solos by the Misses Harriett Green and Lois Zanhee of Bristol, pupils of Mrs. George Carlson. Mrs. George Angle, Mrs. Stella Wetmore and Mrs. Charles Haight will be the hostesses. The executive board will meet at 2:15 o'clock in the primary room.
 The Baptist Naomi class will meet at the church next Monday eve- ming. Mrs. Alice Charter and Mrs. c F. Johnston will be hostesseS.
 The Baptist Overlook group will meet at the home of Mrs. William Stahl, B Grace avenue, tomorrow afternoon.
The Waterbury Democrat., 1938-03-31
Marshal Answers Criti- cism on Alleged "Slow-
 ness" of Department
(BY THE FIRE MARSHALL

Like all fire departments of the land, the Waterbury firemen, in re- sponse to an alarm, attempt to make time, in an effort to check whatever fire is in progress. In some respects, the department and its personnel have been severely cri- ticised by part of the public and charged openly with recklessness, and driving too fast.
 But 1t appears we were not fast enough Tuesday night when we were called to a garage fire in the North End, and in which three houses were "singed", and badly damaged by reason of the fire that originated in the garage.
 WHY so SLOW?
 we thought you would never get here," was the comment of one of the persons vitally interested in having the fire stopped. adding, these three houses were all on fire, and we thought they would surely go to the ground. What made you SO slow"
 Of course, the Marshal denied that i've were slow'. The Water bury fire department Is never slow; 1t never has been "slow", and the record of noticeable stops" proves this assertion beyond "a shadow of doubt" as Is commonly expressed.
 But the point we are trying to emphasize is that few realize the importance attached to arriving at fire on time. The first few min- utes means everything in the suc- cess of combating fire. There may be an explosion In which various persons were injured and in which 1t is necessary to have them re- moved with care to the hospital, or 1t may be that people are trapped in 8 building wherein ladders must be raised and quickly, too, to save these persons from the flames. The most noted fire authorities for years have held to this viewpoint, and this Is one of the prime req sons for legislation that gives the fire department of Connecticut, and in other states the right of way, over all other traffic in the public highways.
 No RecklessnesS There IS no disposition on the part of any driver of fire apparatus
The Waterbury Democrat., 1938-03-31

G Gsk4 11C4Ae
 Major John Burrall, one of the principal chairmen of the confer ence will head the Waterbury dele eation to the conference. Frank J. Green, secretary Of the local Cham Der of Commerce, is listed as one of the speakers.
 The Waterbury Police Department, Corporal Frank Coyle Post, Ameri- can Legion, various civic clubs ana automobile associations from Wa terbury and vicinity will be repre- sented.
 Sprague Hall on College street will be used for both the 10:3o .. m. opening assembly and the { D. m. final gathering of all those attending. The seven separate afternoon discussion groups will meet in Sprague strathcona and William L. Hardness halls. All conference exhibits, and the motion pictures for pupil delegates during the morning, will be displayed in Strathcona hall.
 Meeting Plans
 Except for the two luncheon gath erings all conference meeting points are within one block of Strathcona Hall which is at the north end of College street at the intersections of Grove and Prospect streets. Sprague Hall Is on College street at wall street, and the William L.. Hardness Hall, with an entrance on College street, Is south of and ad- jacent to Sprague Hall.
 Luncheon for adult delegates will bo at the New Haven Lawn club, l93 Whitney avenue. School pupil delegates will assemble for luncheon at Commercial high school, York Square.
 Discussion Groups
 The seven two-hour afternoon discussion group assemblies, all be- ginning at 2 p. In, will convene as follows:
 Educational program, sprague Hall.
 Junior traf,c commission, strath- cona Hall.
 Engineering, Room 3lo, strath- coma Hall.
 Enforcement, Room POI, William l.. Hardness Hall.
 Local committees, Room 2l0.
The Waterbury Democrat., 1938-03-31
No Joy Rides For Fire Fighters!
Responding to Alar m s With Cautious Speed"
 Serious Business

nearby houses, in the past, and it Is most essential to answer call for such a fire just as quickly as any other alarm.
 Mission of Mercy
 We are saying these things just to impress upon the public that our response is really a mission of mercy, and not joy ride. Few of. us care to ride fast through the city. Whatever thrill others might get out of 1t, was lost to us many years ago.
 We recall back some years ago at the Hodson hotel fire and at the Connecticut hotel fire when people were found hanging" from the windows, and seeking the aid of the firemen for escape. Slow time then would have meant the loss of more lives than were &C., tualIy taken in both fires. Raising ladders is not boys play; it re- quires time and skill to adjust them to the conditions in and about the the particular building. Man power is essential under such conditions, and parking situations must be considered. Many of the streets, as people well know, are crowded with parked automobiles, and na- turally these cars hamper the activi- ties of the firemen.
 The average fireman, my friends, Is careful and conscientious in- dividual. Close association with him has proved this to the satisfaction of most people. We think and we are happy to say we have the sup port and good will of most of the many good people of good old Wa terbury. We cherish their friend ship, and take pride in the many nice things said about US as de- partment.
 Cautious Driving Nevertheless, we do desire to impress upon the public that fire apparatus is driven carefully and cautiously within our own confines, and that the main purpose of every member of our roster is to carry out fully every detail that goes with the work of making the Wa terbury fire department an institu- ton of respect and admiration for all of the taxpayers and the rest of the people of a city most dear to all of us, in our desire for its welfare and prosperity.
The Waterbury Democrat., 1938-03-31

in Waterbury to be reckless and daring. On this point they have been amply instructed by our de- partment chief, Thomas F. Cavan- augh. But when an alarm is re- ceived we may be in bed, or in the extreme end of the fire Sta- ton. The warning stroke makes us move with alacrity; we must don our night rig" so-called, hit the pole, and dash out just as quickly as 1t Is possible for the human under such circumstances. This is the practice of all fire depart ments of the land; Waterbury Is no exception. There must be no ex- ception. There must be on excep- tions, for the good of the service.
 Fifty or sixty miles is not too fast for fire apparatus, when we consider the rate of speed allowed common carriers in all parts of the country.
 Waterbury Is a hilly city, and we must move quickly to get to our scene of action. When people see us rolling" through the heart ot the city, once in a while there ap. pears to be a feeling of expres- sion that we are going too fast But this is seldom the viewpoint ol the people on the other end of the line: the people who have called u to their burning home, or to meet a situation that only fire depart. ments can battle. It may be we ar. answering a call for brush fire but how do we know that; aurner' ous brush fires have threatened
The Waterbury Democrat., 1938-03-31

New York, N. Y. - So heartfelt was the prayer of thanksgiving written by Martin Mouradian, (above), 16-year- Jewish refu- gee from Maxi Germany, for being in the United States, that Super intendent of Schools Campbell re- leased 1t to all the Metropolitan newspapers for publication. The prayer was written for and pub lished i'm the magazine of the Junior High School from which he graduated last February. In it Martin gives fervent thanks for the inalienable rights taken for granted by American citizens, but which are denied citizens of totali- tartan states. T am thankful that I am happy and free". 1t says in conclusion. Young Mouradian re- gently obtained a job as 8 Postal Telegraph messenger. He Is con- tinuing his education in night
 school.
The Waterbury Democrat., 1938-03-31
THE ANSWER!

Twelve major causes of the 2O,l56 motor vehicle accidents recorded last year in COnnec- ticut:
 l. Inattention. 3. Failure tc grant right of way-lack of caution at inter- sections. 3. Skidding.
 {. Operating too fast for conditions.
 5. Operating on the wrong side of the road. 6. Making left turns im- properly. ,. Following vehicle too closely. s. Lack of care in approach ing pedestrians. 9. Operating while under the influence of intoxicants. 10. Careless cutting In and out of traffic.
 II. Defective equipment.
 IF. Failure to give distinct signals to indicate change Of direction or procedure.
The Waterbury Democrat., 1938-03-31
Robbed!

Eugene Summer, of 26 Linden street, complained to police yes- terday that he had been robbed of a wallet Tuesday night. The wallet contained $40 and several important private papers.
 Lieut.. Detective Matthew Bal anda said that Summer report ed that he lost the wallet either while attending the Grotto circus at the State ArmOry or while on his way home.
The Waterbury Democrat., 1938-03-31
Herbs to Hops!

Judge Frank P. McEvoy in su- perior court yesterday afternoon granted permission to Bank Commissioner Walter Perry, re- ceiver for the Merchants Trust Company, to rent the headquar- ters of the late Chief Two Moon Meridas for use as a tavern and restaurant. The building, which is valued at $15,100, is located at l864-187O East Main street.
 RenovationS will be made inn mediately, at an approximate cost of $4,00O. The lease Is for a three year period. Rent for the first two years will be $l0O monthly. and for the third year, $125 monthly.
The Waterbury Democrat., 1938-03-31
Arrest Results

A reckless driving charge was placed last night against Henry Gebhardt, 38, of 373 Grandview avenue. The charge is the out- growth of police investigation into an accident in which a car driven by Gebhardt struck a pole on Thomaston avenue March 19. He and a passenger in the vehicle, Robert Garvey, 27, of Huntingdon avenue, were injured.
 Motor Patrolmen Leo McKenna and John Dunphy arrested Geb' hardt, notifying him to appear in traffic court Monday morning.
The Waterbury Democrat., 1938-03-31
Spotlighting Brass CityNews
Overflow

Overflow of an oil burner brought firemen last night to a dry goods store at 368 North Main street. The place vas filled with smoke but there was no ire damage. ,
 Bremen disconnected the burn CT and prevented further smoke damage. The establishment IS operated by Max Freedman.
The Waterbury Democrat., 1938-03-31

Strathcona Hall.
 Industry and business, Room l, Sprague Hall.
 Fleet owners, Room 3, Sprague Hall.
 Tours of the colleges of Yale Uni- versity and the Peabody Museum of Natural History, arranged for high school pupils, will start from Strath- cona Hall. Exhibits, including the showing of posters, will be on dis play in Room Il on the ground floor of Strathcona Hall. The posters were submitted in 8 statewide school poster contest.
The Waterbury Democrat., 1938-03-31
In Supreme Court

Only one Waterbury case is listed for trial in the supreme court of errors during the first week of the April term.
 The case is that of Mrs. Elwoy F. Carlin against Paul c. Haas. Attorney Michael V. Blansfield and Attorney Harry M. Albert appear for the plaintiff, with Wells, Davis, Schaefer 6 Lock; and Carmody and Thoms defending.
The Waterbury Democrat., 1938-03-31
L.. P. BOWLERS NOTE

The L. I. P. Bowling League will bowl at 900 o'clock tonight as they have in the past, as the Thin Sheet Metal League is bowling tonight as usual, they having one more night of bowling.
The Waterbury Democrat., 1938-03-31
Safety Conference
 InNewHaven Monday
Waterbury Sending Large Delegation to Take Part in General Discussion on Problems Preventive Plans

Definite arrangements have been made to accom- modate than 700 persons who have regstereo TOT of Yale University at New Haven Monday April accord
 ing to General Conference Chairman Albert E. Lavery oi
The Waterbury Democrat., 1938-03-31

Boston, March s1 (UP)-Weather forecast:
 Rhode Island-Rain this afternoon and colder. Massachusetts, Rain this after noon and tonight. Warmer in northeast portions tonight. Friday generally fair. Colder Friday after noon and night.
The Waterbury Democrat., 1938-03-31
SUCCESSFUL YEAR

Dartmouth's teams experienced outstanding sport successes the past year in football. skiing, hockey, track and baseball.