davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1938-12-22
An Economist
Viewpoint
By John T. Flynn


orally regarded as years of amaz-
ing and rising prosperity. Inc
years 1888 to 1888 are usually
looked upon as years OF great de-
preston.
In spite of this the following
singular fact is worth recording.
From 1925 to 1929 inclusive bank
deposits in the United States in
creased from 20 billion to 55 bill
lion. That was an increase of 80
billion dollars.
From 1888 to 1888 bank deposits
increased from 81 billion to 80 bill
lion. That was an increase OF 10
billion. Both represent enormous
increases.
The question is, how did bank
deposits rise so nightly in these
depression years? And why were
we prosperous under one great de-
posit rise and continuously IN de-
preston under another?
The answer is that as bank de-
posits rose in the banks of Amer
lea in 1925 to 1929 the accumula-
tions of depositors were promptly
poured into business through new
investments But from 1888 TO
1888. as deposits rose, very little
of these new deposits made their
Way into new investments.
In the first group of years the
deposits of banks rose under the
influence of private borrowing at
the banks. Private borrowing at
the banks has slowly diminished.
But government borrowing in
creased. And deposits in the sec
ond group of years increased un-
der the influence of government
borrowing. 1.fs
The bald truth revealed by these
facts is that the failure OF in
vestment is not due to the failure
of funds. Funds have steadily
risen. The first theory behino
government borrowing was that as
government credit was used to
create deposits at the banks, these
deposits would begin to flow ou'
into business. The first propon
ents of this theory believed that &
few hundred million dollars would
do the job. That was called prim
ing the pump.
Since then not a few hundred
millions, but a staggering numbel
of billions have been poured int
the banks through governmen
loans. But they have failed u
flow out. Why?
The pipe line along which say
the &C 0UinUc rpGfsT
yoir of the, country into new In
dustry is called investment. Wha
has happened to- that pipe line
Why do savings refuse to fio'
through it into industry? VIVA
force along the way is causin
the trouble?'
I have one suggestion. The oil
pipe line. the f inancial syster
once used, was a bad one. !
needed repairing. Too much c
the savings sent through 1T neVe
reached new industry, but leake
off into tie hands of promoter
and other parasites along the wa.
It waS necessary to rebuild tha
pipe line: But it was OF the mo-
imperious Importance tn at l
should be rebuilt quickly.
Instead the rebuilding of it hs
been going on since 1888. 1t hs
been cluttered up with the work
men, the machinery used for re
building it, The job has bee
dragged out.
A wise administrator would ha1
seen the need for tackling this Jo
first thing in, 1888 and getting
done within year or two an
then throwing the pipe line ope
for public traffic. That pipe lir
is public highway. OH cann'
expect traffic TO flow along a pull
lie highway which is perpetual
under repair That is one of tt
reasons for the lack OF traffic alor
that line.
Imperial Valley press., 1938-12-22

velop. Suppose we consent to the
denial of such civil liberties as
freedom of speech and freedom of
the press, in order to- spare our
selves the pain of hearing doc
trines we do not like. Suppose we
take from business its right to
free market, free investment, and
the government which is ira
ditional in our society; suppose we
take from labor its right to Or
ganize and bargain collectively.
Imperial Valley press., 1938-12-22

the other fellow 5
point of view"
Lawrence Lar
sen is a builder
with offices at so
Decker Avenue,
p or { Richmond.
Island, in the har-
Dor of New York.
One of Mr.. Lar
sens jobs is to
keep peace with
the building in
spectors. La S {
March he had a
Imperial Valley press., 1938-12-22
CAR NE gle

two! He called the police and the
building was closed!
Mr.. Larsen started work AGAIN
n few days later. and again he
heard that terrible voice.
This time he acted differently.
In a friendly tone he said Call
the cops; l still haven't any per
init" -,
Taken unawares by the kindll-
ness of Mr.. Larsen's manner, the
inspector smiled
Then MIR. Larsen promised nm
he would have a permit the next
dav. and added that he now reallz-
ed that negligent men like him.
self must cause the inspector IN
convenience and trouble, and SAID
that ne wished he hadn't done 1t.
The inspector responded with the
exclamation that he carried
GREAT burden of responsibility Oh
his shoulders and that he must be
very careful to make careful and
adequate inspections. If he didn't,
the buildings would tumble down.
The two men began to under
stand each other. and to have
respect for each other instead OF
suspicion. Then Nh. Larsen sald
he had many construction details
tn remember, and had left the
written permit at home. the m
spector understood, and to Mr..
I,arsen's surprise. apologized for
having called the police and taken
the men from the building at their
first encounter
Mr.. Larsen finished his building
on time.
And what a simple thing did it.
The one word understanding.
Mr.. Larsen looked at the situation
from tie inspectors viewpoint and
when he understood the inspectors
problems he was glad to cooper
ate. The inspector understood the
problems Mr.. Larsen was up against
and the result was a mutual un0er-
standing.
Try it yourself. Instead of
swapping at your opponent, try to
understand him And he will prob
ably do the same thing for you.
Understanding What potent
word.
Is there someone whose exist
tence is essential to your happi-
ness? If so, why not tell it to
him-or her-toddy Why not do it
Imperial Valley press., 1938-12-22

KoalaS are cute little animals
that look much like Teddy bears.
They are natives of Australia, are
harmless and easily tanned. They
seldom grow larger than two feet
long.
Imperial Valley press., 1938-12-22

II you will look through the US
in your dictionary, you will find
most important word That
word is U understanding. Let me
amplify by saying. understanding
Imperial Valley press., 1938-12-22

Florists in 38 states stock orchids
from one nursery regularly which
are flown TO them from distribut-
ing centers in Cleveland, Boston
and Chicago
Imperial Valley press., 1938-12-22

FOR quick action use
POst-Press Want Ads!
Imperial Valley press., 1938-12-22

zircons are semi-precious stones
used for jewelry They have bril-
lance and fire and the white vari-
ETY. is much like diamond.
Imperial Valley press., 1938-12-22

Is there someone whose exist
tence is essential TO your happi-
ness? If SO, why not tell it to
him-or her-toddy Why not do it
right away by telephone, by let
ter, or in persons? It'll make both
OF you happier.
The Washington times., 1938-01-18
YOhe Named Head
Of Civic GrOups

H. S. Yohe, president of the
Montgomery County Civic Fedora
ton, was selected as chairman of
the Interfederation Conference of
Civic Organizations during a meet
ing in the United States Chamber
of Commerce Building last night.
Other officers elected were DR..
Victor Myers, president of the Ar.
lington County (Va.) Civic Fedora
ton, first vice chairman: Judge
Albert D. Bailey, Prince Georges
county, Md, second vice chair
man; L. A. Carruthers, Washing.
ton, third vice chairman; E, L.
Bennett, Arlington county, re-
elected secretary-treasurer.
The Washington times., 1938-01-18
REBELS CLAIM
TERUEL GAINS

HENDAYE Franco Spanish
Border, Jan. 10 QN.S).-Insur-
gent Spanish troops, once more as
suming the offensive, were locked
in battle with loyalist forces to-
day after renewing their attack on
the vital eastern stronghold of
Teruel.
Advices from Barcelona said gov
ernment officials admitted their
lines had been forced to give
ground south of Petron, near
Teruel.
Insurgent headquarters at Sara
gossa said the renewed push
against Teruel had resulted in
capture by rebel forces of Alto de
Las CeladaS and El Muleton.
The Washington times., 1938-01-18
FIGHTING RACES
DESPITE SNOW,
COLD IN CHINA
Japanese Push North
From Nanking

SHANGHAI, Jan. 18 G.N.S)
Bitter fighting ragged north, south
and west of Shanghai today as
Chinese and Japanese forces
launched major offensives on
widely separated fronts.
The battles we're waged under
heart-breaking conditions as bitter
cold swept virtually the entire
country, most of which was blan-
keted by deep snow.
INVADERS MAKE GAINS
Pushing north from Nanking,
China's fallen capital. Japanese
troops launched a major drive up
| the Pukow-Tientsin railroad. Chi
nese reports from Hankow admit
ted the situation of Chinese de-
tenders along the railroad was
critical and the invaders were
making headway.
On the southern front a heavy
battle was being fought near the
Port of Hangchow, which Japanese
troops captured several weeks ago
after bitter fighting. The Chinese
in that region, however, are bit
terly contesting every foot of
ground they yield.
AIDED BY WARSHIPS
To the west, up the Yangtze
River from Nanking, other Chi
neSe legions unleashed a direct
attack against JapaneSe-held
Wuhu This assault was leveled
despite a shattering barrage from
two japanese warships stationed
off Wuhu in the river, which at
tempted to relieve the pressure
against the Nipponese forces in
that area.
Japanese headquarters here
claimed another victory in North
China, stating Nipponese armored
tanks in a swift assault had cap
tured HohSien, in Anhwei prov
ince, near the Grand Canal and
vital Lunghai Railroad.
SERIOUS RESISTANCE
But at Hangchow the Japanese
were meeting serious resistance.
Chinese regular army columns
were reported to have pierced the
Nipponese lines six miles west of
the city.
japanese reinforcements were
rushed to the south to meet this
threat.
In the Japanese-held Shantung
province port of Tsingtao, "to fore
stall inevitable difficulties" Brit
ish Customs Commissioner Camp.
bell handed over his office to the
Japanese commissioner. This was
done under instructions of Sir
Frederick Maze in Shanghai.
The Washington times., 1938-01-18

Madame is not going to let
Chang Kai-Shek make that
mistake.
Madame intends that
Chang Kai-Shek shall hang
on until something hap
pens" 1t almost happened
when the japanese bombed
and machine gunned tn e
British six times in success
sion. Chinese hopes scared
high again when the Jap
anese sunk the Panay. Any
thing could happen at any
time along the Russian from
tier.
I do not believe madame
any longer truly hopes the
Japanese will break down
economically before China
does. She and the Generals
simo pray - and when they
pray they do it according to
the American Methodist rite
for but one thing.
They know the Chinese
cannot longer defend China
effectively. Their one hope
is that we, Britain or Russia
shall be forced into war by
Japanese provocation.
What chance is there of
that? Shanghai provides the
answer.
III. r. Knickerbocker con-
tinues his series of graphic ar
ticles in tOmOrrow's Washington
TimeS.)
The Washington times., 1938-01-18
Phantom Ship
Built for France

PARIS, Jan. 18 G.NSO. -
French naval maneuVerS of the
future are to be the more realistic
by the use of a phantom" ship
now being equipped for that pur-
pose.
To be controlled entirely by
wireless, it is presently being fitted
out in a Breton shipyard and
when completed will be able to
steam out of harbor, lay a smoke
screen, increase and decrease its
speed without soul on board.
The Washington times., 1938-01-18
|. Q. Questions
By SHIRLEY SPENCER

nv OA ASANSA5AS
This is an information quiz
on literature-a test of memory.
Score 10 for each correct
answer.
In what famous stories are
the following characters?
/. A caterpillar who smokes.
.'s...s.....
2. A marooned sailor on a
desert island. ................
3. A golden bug.
4. A headleSS horSeman.. -.
S. A sailor with a wooden leg.
'''.''.'..'
6. A hypocrite who made a
pretenSe of humility. .........
7. Nanki-Poo and Yum Yum.
8. A count who was a were
WoI1. ...............
9. DWarfs who played nine
pins. ............ ....,........s
10. The ghost of Marley.
ANSWERS on Page 10)
The Washington times., 1938-01-18
JGps Censor
British NeUUS
Writers

SHANGHAI, Jan. 18 QN.SO.
Japanese authorities, who have
been arguing with British officials
ever since the Sino-Japanese
hostilities began, turned their
attention to British newspaper
correspondents today.
The Nipponese Embassy in
formed the British newspapermen
that the Japanese army will in.
sist upon exercising and will exer-
else the right of suppressing the
dispatches of British correspond.
entS."
The Washington times., 1938-01-18
Chilean Group
To Purchase Arms

SANTIAGO, Chile, Jan. 18.
Members of the military mission,
which leaves for Europe today, to
study the purchase of material for
the army and navy, received final
instructions from the government
yesterday.
Gen. Juan Contreras heads the
commission of technical experts
in military equipment. The group
will establish headquarters in
Paris.
The Washington times., 1938-01-18

IN THE SERIES of articles on impending war-and the
Chinese crisisbeng written by H. R. Knickerbocker and
published The Washington Times the author has praised
the bravery of the Nineteenth Route Army which resisted
the japanese invasion of Shanghai in 1892 The photo
graph above shows part of the brave Chinese corps fight
ing unflinchngy despite terrific bombing One be
seen exploding at rear,
The Washington times., 1938-01-18

Lansburgh's- -Modernized Mems ghOp-street Floor
The Washington times., 1938-01-18
Mexican Bandits
Kill 7 in Ambush

MEXICO CITY, Jan. 18 q.N.S)
Seven men we're killed yesterday
when bandits ambuShed detach.
ment of federal cavalry near San
Pablo, in the state of Puebla.
The bandits opened fire on the
soldiers while they were passing
through a densely wooded ravine.
The Washington times., 1938-01-18

counted the number of shells
and bombs which landed on
or near the North Station.
They averaged 100 a day.
The Chinese centered their
elite army corps on the de-
fense of Shanghai. That
meant defense of Chapel, and
that meant defense of the
North Station.
Suddenly as 7 turned my
field field glasses back on
that famous building I saw
atop its shattered wireless
mast ranging high on the
horizon a Japanese flag-a
big white flag with the red
ball of the rising sun waving
brilliantly in the sunshine.
CHAPEL BURNS
I shivered and looked
around the city. On every
roof stood hundreds of Chi
nese, all looking at that Japa-
nese flag. I could feel the
same shiver shaking them
all. Ny Chinese room boy,
Sing Poo, came out on the
balcony and asked: Master,
is it the end?"
I had to say yes.
Next day we went to the
top Of the North Station
again, this time with the
Japanese, and watc h e d
flames consume Chapel in
the greatest fire perhaps of
all time. A fortnight later
the Chinese crushed by loss
of Chapel, were torn by the
savage hand of Gen. Iwane
Matsui'S troops away from
Shanghai.
Great talk was heard of
fighting to the last man but
only a few weeks later the
Japanese entered Nanking.
They drove the Chinese
before them almost as fast as
the Japanese army could
move. Each so-called 'Hin-
denburg line" was conquered
as soon as the Japanese
reached it. Chinese morale
was almost destroyed. AL
most, but not quite, for there
still remained madame, and
unless she has fooled all her
friends, all who pretend to
know human nature, she will
never surrender.
And as long as she lives
her husband cannot surren-
der. And as long as he per-
sists, even if it's only with
one or two divisions hiding
in the foothills of the Hima-
layas there will be a govern
ment of China which the
powers are bound to recog-
nize.
Madame knows Halle Sc
lassie's fate and has taken a
leaf from his book of expert
ence. She knows Halle COM
mitted a fatal error when he
fled abroad to appeal to the
League of Nations.
Today the Italian conquest
of Abyssinia is recognized de
facto by all nations and de
jure by one after the other,
primarily because Halle Se-
lassie left Abyssinia without
a government.
The Washington times., 1938-01-18
NORTH STATION

The japanese wanted it so
badly that for three months
they concentrated all their
fire on it. They bombed it
from the air for hours each
day. They shelled it from
vessels practically all day
long.
For several weeks 7
The Washington times., 1938-01-18
Only Nine. Chiang's Pressure
Keeps China Fighting Japan
Nation Would Yield
But for Her, Says
KnickerbOCker
Continued from Page u

CONTINUED from Page y
the japanese captured her
capital, is her conviction
that Japan is going to use
China as stepping-stone to
further conquest and that
therefore the Western pow
ers are extremely foolish not
to intervene now while
Japan is still engaged in
fighting China. instead of
later when Japan's hands
will be free to assault with
full force her Western
enemies.
AS madame outlined her
thoughts to me, China now
holds the key to the destiny
of the world.
MEANING TO PERIL"
Suppose the Chinese gov
ernment agreed now to sur
render to Japan. Then, in
the fullest meaning of the
phrase, the whole world
would enter a new epoch, not
in terms of years or CEN
turies, but of thousand
years, because the ultimate
and complete conquest of
China by Japan would mean
a turn in world history COM
parable to such events as the
conquest of Europe by Rome
1000 years ago or the occu-
patton of America by white
westerners 300 years ago.
This is the first time the
west has been imperiled by
the east since 800 years ago,
when Jenghis Khan's in
comparable army swept
across Asia and clear into
Poland and Hungary.
A generation ago Kaiser
Wilhelm popularized the "yel-
low peril" but only today
has Japan given it real mean
ing.
WORLD IS AIM
Japan intends not merely
to subjugate China but to
make 45O,OOO,0OO Chinese
into a militant force, first
drive all the whites out of
Asia and then conquer moth
ing less than the world.
Between Japan and this
cosmic ambition stands today
in the first line the slim, bril-
liant, smiling madame.
She is first Chinese, but
second she is an American
Methodist, and it is her Amer
icanism and Methodism that
have put backbone into
China's struggle.
Without madame, her hus-
band might very we'll behave
like most Chinese generals
behaved in the past and, ac-
cepting the reality of defeat,
make terms with the victors.
He cannot do it with madame
there, no matter how plain
defeat comes.
RECALLS BATTLE
We all saw it that fatal
day in Shanghai VIII en-
China's 86th division was
compelled to withdraw from
Chapel, the Chinese city next
door to the international Set
tlement. That morning l was
awakened at dawn by a lack
of those earth-quaking ex-
plosions which for nearly
three months had shattered
Shanghai. We had become so
accustomed to the detona-
tfons that when they ceased
everybody went out to see
why.
1 went out on the balcony
of my room on the tenth
floor of my hotel and
through field-glasses looked
from end to end CT Chapel.
! looked at the famous North
Station, key to the whole
Chinese position in Shang-
hal. 1t was the same as ever
full of holes, blackened
and battered.
Just a few days before I
had been on top of it with
Chinese watching japanese
machine gunners pepper us
and crouching when Japa-
nese airplanes bombed us.
This building truly was the p
The Washington times., 1938-09-14
Your |. O..
By SHIRLEY SPENCER

By SHIRLEY SPENCER
This is a spelling quiz. Score
eight for each correct checking
Of first 10 words, five for each
part of No. II, and 10 for No. IL.
/. (a) Surveillance, (b) sur
veillence, (c) surveillance.
2. (a) Pavilion, CD pavilion.
(c) pavallion.
3. (a) Canvaser. (b) can
vasSer.
4. (a) Referred, (b) referred.
5. (a) Infirmary, CD infirm.
cry.
6. (a) Aclimate, (b) accli-
mate.
z. Ca HaraSs, (b) harras.
8. (a) Gondolier, (b) Condo
leer.
o. (a) Dysentery. (b) dysen-
try.
10. (a) Impeling, (b) i'm
pelling.
II. Plurals: (a) parodys, (b)
parodies; (a) notices, (b) mot
tos.
IL. What is the plural of cri-
terion?
ANSWERS on Page 2O)
The Washington times., 1938-09-14

had had a most serious quarrel
"a parting of the ways for
ever. The pig, If anything. is
more nonchalant than its mas
ter.
The buyer has had his eye
on this particular pig for the
past hour or so. But does he
come out in the open about it?
No, sir! He pats, pinches and
kicks every other pig on the
street but this one-and that
is how the nonchalant pig
owner and the nonchalant pig
know they have hooked q
sucker.
A T long last the buyer strolls
"A over-also nonchalant, but
too, too, TOO nonchalanC.
Good morning to you," he
says to pig and pig-owner. "And
it's fine weather we're having,
glory be to God"
"It is" replied the seller.
"Glory be to God"
For q half hour the two Of
them talk about everything in
the world but pigs. But all Of a
sudden something seems to
catch the buyers eye.
"Well, to be sure" he re-
marks, all astoniShment, "if you
haven't a little pig with you this
bright morning!"
The Washington times., 1938-09-14
ROllin' Along
By W. A. S. Douglas

TIL forget watching pig being sold on fair day
in the village of Ardee in the County Kerry was
small boy stumbling along in the wake of elder brother
who had to the south of Ireland buy horses
the long white village street stretching like ribbon to blue
mountains far away There little shops each side Of
the roadway and always half dozen public houses or
we call them, saloons.
There and pigs and donkeys in long nes being
patted squeezed and kicked by intending purchasers and
SMALL mischievous boys There carts of tur-he fuel
of the Irish peasanand loads of hay set for sae AT the
end of town. in large field the horseshack hunters
brood foa and stations There brother wanted to
go-but preferred the pigs And in disgust he left me
to my pleasures while he went about his
don't suppose you ,n , , ao 81 ~.
watched two Kerrymen going "e S0 s"A-' OO11 " ~
about the business buying p4e w soy IT,, ,,+.,o ~
The Washington times., 1938-09-14
Warning

While walking home from the
park last Sunday a fellow about
% offered to take me to dinner.
insisting that he had met me
somewhere before. When we
had eaten our meal, he told me
he had left his money at home,
so I paid the bill. And he
wanted to kiss me, but finally I
chased him off, still without the
money for the meal. So, you
hard-working girls, be careful
and don't get swindled.
BROWN EYES.
The Washington times., 1938-09-14

and bought her an ice cream
sundae. took her home on my
bicycle at 8 o'clock and thought
was staying out pretty late. I
really felt important. I was ex-
actly three months older than
my girl. remember that she
talked about the big party she
was going to have to celebrate
her own birthday"
X 4 Il
William BIOOmer, jr., 212
Ethan Allen Ave-, Takoma Park,
Md, Columbia Tech student:
The Washington times., 1938-09-14

The two "G's" Of destruction
-Goering and Goebbel. # these
two men were removed from this
earth, Hitler would naturally
dissolve, just - a snail, after
having had salt Sprinkled ON
it. GoebbelS writes Goertng'S
speeches, and who comes to hear
them! The scum Of Germany
who would stop at nothing to
gain their ends. How can three
men, in Germany. hope to con-
quer the world?
Kaiser Bill tried 1t in 1914,
even preparing for it for over
40 years. It did not work, did 1t?
It never will. Everyone knows
that if Russia, France, Belgium,
Czechoslovakia, England. so de-
sired, they could wipe Germany
and Italy entirely off the map.
in less than three months.
Goering says that England
talks too much. I agree with
him. I think England should
do less talking and more real
fighting. That is what Goering
seems to want. He probably
learned a new aerial stunt and
wants to inform the world.
It is pitiful the way Goering
hates the Jews. He mentioned
the word Jew 20 times in q re-
cent talk. They have nothing
The Washington times., 1938-09-14

voted to the part played by this
group who, despite heavy caSu;
alties suffered on French soil,
waged several major campaigns
in which many a "square-head"
was spun on his flat noggin
once the heat was turned on.
So in closing, Aryan Luger.
I should like to suggest that you
check your sights and range
before popping off at a target
that might Prove a boomerang.
CHARLES ]. WARREN,