davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
SEE BRITISH-FRENCH
WAR ALLIANCE

PARIS, April Is. (UP)-Great
Britain and France were reported
last night TO be tightening their
defense arrangements on virtually
Il military alliance basis, coinci-
dent with discussions that may
lead to an Anglo-French-Itaiian
pact of friendship.
High official sources in Paris
said that British war ministry Of
ficials and air commanders have
been consulting in Paris on mu-
tual defense plans which may
reach a stage of direct negotiation
when Premier Edouard Daladier
and Foreign Minister Georges
Bonnet 90 to London soon in re-
Spouse to an official invitation.
The Daily Express in London
reported that an extensive tight
ening up" of Anglo-French de-
Tense plans was being planned, in
Guiding full technical cooperation
between the army, navy and air
force stats Of the two countries.
In event Of an emergency, the
Daily Express said, the French
navy would accept responsibility
for certain waters leaving Britain
in charge of other areas with free
use of French seaports and naval
bases.
Should war come, it was said,
the British and French air forces
would be treated as one unit with
coordinated commands both Tor
defense and attack.
The Daily Express said the IN
formal discussions had reached the
advanced stage of contemplating
a supreme command for the Fran
co-British forces. :,
Diplomats in London, although
asserting that France is anxious
for defense talks in view OF Eu-
ropes troubled state, said that
mutual defense plans probably
would be limited to periodical eX-
changes of views between the Brit
ish and French commands.
1t was admitted, however, that
the air commission of the trench
chamber of deputies will visit Eng
land soon to study fighting plane
construction and production.
British Ambassador Sir Eric
Phipps conferred yesterday with
Bonnet and relayed personal re- re-
quest from Prime Minister Nevliie
Chamberlain asking that France
new national defense. govern
ment patch up it's relations with
Fascist Italy as quickly as pos
Sible. e
A spokesman of the foreign OF
flee told the United Press iatet
that within a few days-perhapS
before Easter-France will take
tho Initiative and ask Premier
Bcnito Mussolini whether he Is viii
ling to settle outstanding difticui'
ties with France in the same man
ncr that he is settling his troubles
with Britain.
France. it was revealed, is anx-
ious to at least get the talks with
italy under way before Fuehref
Adolf Hitler pays his state visit to
Rome on May 3. :,
The Italo-French agreement, II
was explained, would be "a nat
uraI consequence" of Britaln's
now pact of friendship with Mus
solini which will be signed at Chigl
palace in Rome Saturday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
SOUTHERN BLOC
sTO FIGHT MEASURE

i WASHINGTON, Apr. Is. (UP)
Southern Democrats, Instrumental
h killing the wage-hour bill IN d
Bitter house fight last year, have
krganized soljdly against a new
|kage-hour bill and predicted that
b vii! be defeated if it reaches
the house floor.
The southern bloc was organ
'tzed as the house labor committee,
ending months of pickering and
deadlock reported IN. bill yeSter-
/ day designed to establish 40 cents
|an hour minimum wage and a 40
hour week.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
Sunrise Easter
Service Planned
ForLawn Of HIS,


A sunrise Easter service will be
held on the lawn of the Hender-
sonville high school on Sunday
morning starting at 6 o'clock.
Churches of the city will CO.
operate in the services and DR..
Gilbert r. Combs, pastor of the
Methodist church will deliver a
short message following a song
service.
A large cross has been erected
on the school grounds by students
under the direction Of T. j.
Thackston and the service will be
held on the lawn around this
cross. The cross will be lighted
every night through Easter.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
Many Municipal
Officials Here In
District Session

Around 40 officials of cities
and towns of region 8 Of the
North Carolina League Of Munic-
qualities were gathered here to-
day for a meeting this afternoon
at the city hall.
The visiting officials were
guests of the city at luncheon
at the Skyland hotel.
At the meeting this afternoon
Chas. M. Johnson, state treasurer
was the principal speaker and the
officials discussed the legislative
program of the municipal league.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
PLAN TO MOVE
BUS TERMINAL
VIII Occupy Ames Hotel
Church Street Business
Apartment Saturday

The Union Bus terminal office
will be moved from the Sixth aye'
nue. side of the Skyland to the
Amcs hotel, on Church street, on
Saturday. The new location is on
the Church street side of the
Ames hotel.
The station is maintained by
the Atlantic Greyhound corpora
ton, Carolina Scenic Coach hnes'
and Queen City Coach company.
C. E. Livingston is local manager
of the station.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
MULLINAX LEASES
AMES BARBER SHOP

Tom Mullinax, proprietor of
Toms Barber shop, has leased the
barber shop in the Ames hotel
and will reopen it Saturday, with
J. r. Neal as manager. Mr.. Neal
was employed here during the last
two summers, and has also been
employed in Florida. He formerly
resided in Brevard.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
I !; PLACEMENTS In
~ [, NEARLY DOUBLED

Gsrrc35L leigh. April Is. (UP)-
enpio,..goo PLACEMENTS by the state
Cen, o L.,'tnT service rose Al per
he so O.er February placements,
resort wee reported today. The
slsce si SAID 5,9O3 persons were
so during March
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
LUCAS VISITS CITY

John Paul Lucas, vice-presldent
of the Duke Power company, was
here from Charlotte today, visit
ing the local power company Of
flee and Hendersonville friends.
From Hendersonville Mr.. Lucas
continued on his journey to Bre-
ward for a similar purpose.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
FLORIDIAN DEAD

JACKSONVILLE, Fla, April
15.-CUP)-Jack Camp, SO, Oca-
la industrialist and cattle raiser,
died here yesterday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
DETROIT VISITORS

Mr.. and Mrs. Dorne Tyler and
small son, Buddy, of Detroit,
Mich, are visiting Mrs. Tyler's
father, w. A. Garren, on the
Spartanburp road.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
WEATHER

ri, cloudy tonight and Sat
nth possible showers. Sun
V'0'l l,,l~r With showers.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-04-15
GOOD AFTERNOON

It's beginning to look ~ II tho
Japanese and Chinese were going
to lick each other.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24
What Treatment Relieves
Dyspepsia or Indigestion

lions Of the stomach which are dis
turbed.
A substance In popular use to-
day is histamine, which will pro-
duce a secretion in any stomach
provided it is not completely afro
phied.
Yes, the physician knows just as
many and all Of the drugs that are
put up in bottles and given fancy
names, for dyspeptics.
The diet can be arranged so that
it is either soothing or stimulating.
But beyond all these things for To-
cal relief we have to treat the indi-
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24

vidual, particularly the typical dys-
peptic with his thin build. large
sagging intestines and sluggish
movements Of the digestive tract.
His whole system needs to be toned
up. He needs plenty Of rest, alter
mating with exercise, courageous
outlook on life and continuous en-
enlargement to keep him from
getting in the dumps. I knew a
dvspeptic who lost his dyspepsia
when he made q hit on the screen;
another when he made 500, 900,
and another when his wife divorced
him.
So what? Well, so the dyspeptic
gets temporary relief from his ia
vorite pin or powder, but to make
him permanently well an elaborate
study Of his whole organism is
needed.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24

Dealer: West. Neither side vul-
nerable)
West and North passed on this
deal and after an opening bid of
1-Spade by East. South jumped to
4-Hearts.
West led the space 9, which was
covered by the 10 in dummy and
East won with the @. The dia-
mond 9 was EGst's return, on
Which South played the 10 and
West took the trick with the j.
When West continued with the dis
Aond A, the decl3rez'. john God
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24
By LOGAN CLENDENING. M. d.

by LOGAN CLENDENING, M. ID.
THE TREATMENT of dyspepsia
VI Indigestion should not be di-
Iected at the stomach alone. We
nave tried to point out in the for
4ier articles this week how often
disturbance elsewhere in the body,
az the gall bladder, produces reflex
stomach symptoms. These seem
- come directly from the stomach
anu 70 be due to stomach disease,
out 1t is only by treating the
fundamental causes that we can
elear up the stomach.
There are any number Of medi-
siles which have an influence on
ule stomach. With them practi-
.ally any kind of a functional
.,dhge can be made in the secre-
uOns and movements Of that or
gan Probably the commonest
s'omach" medicine is bicarbonate
y. soda, because probably the COM
a ~onest functional upset Of the
s'ofnaeh is an increase in the hy-
uIocnloric acid and bicarbonate of
NOua neutralizes this.
,. we can, therefore, reduce the
s,omach secretion with alkalis and
a'So with belladonna. The stom-
th secretion can be replaced by
sn e use OF pepsin and hydrochloric
ts lu' Pepsin will digest 5000
S tniles It's weight of coagulated al
Wonderful Substance
ev., what a wonderful substancew
snCialms a New York physician
Sou Sou yet, in the next breath, he
ny. ms II has little use in medicine.
mo. s, because in dyspepsia it is the
'Sements rather than the secre-
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24
BARCLAY ON BRIDGE
WRITTEN FOR CENTRAL PRESS
BY Shepard Barclay
1.-THE Authority Authorities"

frey Sake. prominent New York
attorney, did some rapid calcu-
lating and decided that East was
hoping for a third round ruff. To
confuse West, Mr.. SAKE casually
dropped his diamond K on the A.
The ruse was successful, for West
then switched to the spade 8, as he
felt sure East held three diamonds
originally. It seemed inconceiv-
able to him that South would have
sacrificed a possible winner. He
had not reckoned on the shrewd-
ness of his opponent, whose quick
thinking earned him a victory.
The spade A was ruffed, trumps
drawn and the club K overtaken
with the A. The spade K provided
g spot for the losing diamond.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24
NO TIME FOR TRUTH

SCRUPULOUS attention to the
blenders play can frequently dis
close 10 wise declarer the nature
Of their plot against him. Some
times his only chance to foil them
is to deceive them about his hold
ing by timely false-carding. This
usually means playing a higher
unnecessary card to some trick,
perhaps wasting one which at first
glance looks like a potential trick
taker.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1938-03-24

DR.. Clendening will answer
questions Of general interest
only, and then only through
his column.
The Daily Alaska empire., 1938-03-26
SNOW QUEEN FLIES HERE
 IN ELECTRA
Grace Bailey, Royal Blonde, Is on Her Way to
 Hollywood

Miss Grace Bailey. beautious An chorage blonde, and Queen of Fair banks 1888 Fiesta -of-the Shows, is scheduled to arrive in Juneau this afternoon aboard a Pacific Alaska Airways plane.
 Miss Bailey named Queen of 'em all at the big Ice Carnival, is talk ing a trip to Hollywood at the eX-
The Daily Alaska empire., 1938-03-26
REV. HULL TO CONCLUDE
 BROADCASTS OYER KINY

The Rev c. D. Hull has announc- ed his final broadcast over KINY for o'clock Sunday evening as he and Mrs. Hull and family are nov ing to Ketchikan.
 Sunday school will be held as usual at the Children's Home, to- morrow morning at 10 o'clock.
 At II am. the regular service will follow, and at .7:30 o'clock in the evening the Fishermen's Bible Class will meet at the home of MT H. B. Schlegel. Monday, at 4 pm. the Tru- Blu girls will meet.
The Daily Alaska empire., 1938-03-26
REGISTRATION OF VOTERS

Citizens who are not registered voters must reglsler by April 2 to gualiry as electors at the Municipai election April 5th Persons who voted at the last municipal elec- lion neeo not register again as their alnes are on the permanent regis tration list. If you are not regis cred do not delay in so doing at once. Registered voters who have changed their addresses since last municipal election must notify the City Clerk promptly.
 H. I. LUCAS. adv. City Clerk
The Daily Alaska empire., 1938-03-26
FORMER DOUGLAS. FAMILIES
 ARE RETURNING TO CHANNEL

On board the Northland which left Seattle yesterday are MT. and Mrs. Fred Endres, MT. and Mrs. V. G. Kelso and MT. and Mrs. c. Boyer all of whom were former residents here. Endres was proprietor of the Douglas barber shop about ' years ago, while the latter two couples resided here last year. Kelso's were associated with Mikes Place and Boyer was a partner of Boyer & Jensen, contractors.
The Daily Alaska empire., 1938-03-26
D Q U 6 | A 5 N E W s
CUES ARE BUSY
 BUILDING DENIS

With lumber donated to them by H. B. Schlegel, Den No l cubs start ed building their den today. Along the edge of the bank on the lot oc- cupiad by the old city hall is the site selected Cubs of Den No. 2, had their den about finished when they decided to have it on another part of the vacant lot opposite Mikes Place and are tearing it down to rebuild.
The Daily Alaska empire., 1938-03-26

DAY
 dY DAY


 The following summary IS com- piled from KINY Statior.'s latest available program schedule. The Daily Alaska Empire cannot be re- sponsible for last minute program changes:
 Saturday--ClOsing Schedule 500 to 5.30-Rudy Vallees Orches- 5:30 to 5:35-World Bookman 5:35 to 4:45-Golden Tones 5:45 to 6:00-Radio Symphony Or chestra 500 to Weather Report SOS to 6:15-Melody Musketeers J:15 to 6:30-The Gauchos 6:30 to 6:45-Melody and Song 6:45 to 7:00-Comedy Stars of Broadway FOO to 7:15-MuSic 7:15 to 7:30-Cecil and Sally 7::30 to 8:15-Variety Booklet 8:15 to 8:30-Grandma Travels 8:30 to 8:45-Music 8:45 to 9:00-Cub Reporters goo to 9:15-Parade 9:15 to 9:30-The House of Peter
 MacGregor 9:30 to 9:45-Sons of the Pioneers 9:45 to 10:00-Empire News Broad
 cast 1000 to 10:15-Guest Night ' l0:15 to 10:30-Let's Dance l0:30 to 11:00-Organ Treasures off the Air.
The Daily Alaska empire., 1938-03-26

pense of the Carnival. She will sail south from Juneau aboard the All aska to Seattle, and thence by Uni ed Air Lines plane to the film cap ital.
 In Hollywood, Miss Bailey will be escorted through the city and stud ios by a prominent movie director.
The Daily Alaska empire., 1938-03-26
DANCE TONIGHT

To music by Barrett's Royal Alas. kans at the Juneau Athletic Club Benefit. Dancing at 10 pm, Union Hall. adv
The Daily Alaska empire., 1938-03-26
SEWING PARTY POSTI

SEWING PARTY POSTPONED
 Due to the bad weather, St. Lukes Guild put off the afternoon of sew ing which had been planned for yesterday to have it another bet ter day which they will announce later.
The Daily Alaska empire., 1938-03-26
ALASKA EVANGELIZATION
 SOCIETY

10:00 a.m-Sunday school in the Douglas Children's Home.
 11:00 Sunday service, same place. George Loveless will speak 600 p.m.-BroadcaSt.
 7:30 p.m.-Fishermen' Bible class at home of MT Schlegel. Monday, p.m.-True Blue Girl at the Home.
 Friday, p.m = Kings Messen- gers Boys Club.
 All are cordially invited to these services.
The Daily Alaska empire., 1938-03-26
Douglas Church
 Services

Notices tor Inls church column must be received by The Empire not later than 10 o'clock Saturday morning to guarantee change ot sermon topics, etc.
The Daily Alaska empire., 1938-03-26
Sunday-FuIl Day Schedule


 Subject to change at last
 moments notice) 100 to 12:00-Church l2:0O to 12:30-The Concert Hour 12:30 to 12:45-Mood Espanole 12:45 to 1:0O-Russian Cathedral Choir 100 to 1;15-Bert Hirsch's Novelty Dance Music Ills to 1:30-Works Progress Ad- ministration (Fed. Music Project) l:30 to 1:45-Church 1:45 to 2:00-The Garden of Melody 200 to 4;00-Off the Air 400 to 4:15-The Serenader AIS to Educational Talk 4:30 to 4:45-Bernard Levitow's Or chestra 4:45 to 5:00-Clarence Williams Swing Band 500 to 5:15-Front Page Drama 5:15 to 5:30-The Vagabonds of the Prairie 5:30 to 5:45-Jungle Jim 5:45 to 6:00-Radio Tid-Bits 5:00 to 6:30-Church 6:30 to 7:30-The Old Time Revival Hour 7:30 to 7:45-The Easy Chair 7:45 to 3:00-Lew White-Organ
 Off the Air 
 Monday-Opening Schedule 800 to 8:15-Morning Thought SIS to 845-Breakfast Club 8:45 to 9:00-Empire News goo to 9:15-Breakfast Club Con- tinued 9:15 to 9:30-Parade 9:30 to Scandinavian Music 9:45 to 0:00-HaWaiian Echoes 10:00 to 10:15-Richard Himber's Orchestra l0:15 to 10:30-Hoosier Hot Shots 10:30 to 10:45-Morning Chat l0:45 to 11:00-Dick Jergen's Or chestra 11:00 to 1:30-Melodies of the Mu- SIC Master l1:3o to 12:00-Dance Styles of 1888 l2.00 to 12:15-The Serenader 12:15 to 12:30-Band Concert 12:30 to 12:45-Empire News 12:45 to 1:00-A hour of 3l time 100 to 2:00-Midday Rendezvous 200 to 2:15-Mario Chandler's Or chestra 2:15 to 2:30-The Roundup 2:30 to 2:45-Monitor Views the News 2:45 to 3:00-Auld Lang Syne 300 to Sy1nphonettes 3:30 to 3:45-Foursome Music 3:45 to Through the Holly wood Lens 400 to 4:15-Federal Music Project 4:15 to 4:30-Electric Melodies 4:30 to 4:45-Bert Hirsch Dance Music 4:45 to 5:00-Club Cabana
The Daily Alaska empire., 1938-03-26
sermon.
DOUGLAS PRESBYTERIAN
 MISSION

DAVID WAGGONER, Minister Sunday services:
 l.30 m-Bible Schooi. 2:30 p.m.-Preaching service. All are welcome in these services
The Daily Alaska empire., 1938-03-26
SAVE THE DATE

Rebekah Benefit Dance, March 26, Elks Hall. adv.
The Daily Alaska empire., 1938-03-26
w A N I A D INFORMATION

Count five average words to the line.
 Daily rate per line for consecutive insertions:
 One day ..,-...... ...-..-.19c
 Additional days .-- 5c
 Minimum charge .-..50c Copy must be in the office by ? o'clock in the afternoon to insure Insertion on same day. We accept ads over telephone from persons listed in telephone directory.
 Phone 374-Ask for Ad-t3ker.
The Daily Alaska empire., 1938-03-26
DOUGLAS CATHOLIC CHURCH
 St. AlOysius Church

goo a.m.-Holy Mass.
 Sunday School follows mass. Lenten devotions 7:30 pm. each Friday evening during Lent
The Daily Alaska empire., 1938-03-26

ST. LUKE'S EPISCOPAL CHURCH 200 p.m.-Sunday School.
 300 pm.-Vesper Gesvice and
The Daily Alaska empire., 1938-03-26
S~ W y3 Sy 's2 lssa [t'zI;;!{,ttijj1l!;;!!;;;E|;1| [tzI;!{,tijjl!;!;;|;1l| ;,|;

2VVVVWVVVV
 FOR RENT FOR Electric s,ove with table top: 4 burners, automatic oven control, sliding oven; also bed springs with double coils. Perelle Apts. FOR RENT - Modern furnished house, 2 bedrooms. For months. 20. Box 693. FOR RENT -Five-room furnished apartment. Phone Red 380. FOR RENT-The Dauphiny Cot tage. 3 rooms and garage. 9i2 miles cut Glacier Highway. Partly fur nished with stoves. Inquire May Mielke. Duck Or, Glacier High way.
 NHCAINO -I- CilC HPOo- AOA e"O' Phone Blue 200. FOR RENT-4 large steam-heated rooms nicely furnished, electric range and Frigidaire, oak floors Windsor Apts.
 4-ROOM house and bath, nicely furnished-overstuffed, oil heat new oak floors. Windsor Apts. FOR RENT - Warm cozy steam heated rooms. Ellingen Apts. i Phone TOP
 FOR RENT - 3-room apt. Phone Green 100 after 3:30 pm. VACANCY Nugget Apartments. VACANCY Maloney Apts Phone ASA APARTMENT for rent. California i Grocery. i VACANCY at the Bishop Apts. FOR RENTING office rooms in First National Bank Bldg. Inquire at bank.
 VACANCY MacKinnon Apts. FOR RENI'--FurrlShed, heated, and preferred modern apartment in center of downtown business dis trict; over the Guy Smith Drug Store. Phone 97. COZY, warm, furn. apts. Light, water, dishes, cooking utensils and bath. Reasonable at Seaview.
 WANTED WANTED = Woman for general housework. Phone 296. WANTED TO BUY-Girls' used bi- cycle Phone 439, Mrs. G. E. Krause.
 l WANTED = Young woman must have work. Phone Empire. | Lode and placer location notices for sale at The Empire Office.
The Daily Alaska empire., 1938-03-26
FOR RENT

FOR SALE-Electric stove with table top: 4 burners, automatic oven control, sliding oven; also bed springs with double coils Perelle Apts.
Evening star., 1938-04-15

the Treasury bought gold 1t paid fol
1t by printing currency backed by the
metal. 1t is illegal for the metal itseli
to circulate as money. The gold.
selling foreigner thus got dollars which
he deposited in a bank, and the bank
could lend the dollars out the SAME
as any other deposits.
But near the end Of 1896 prices OF
commodities began rising swiftly and
financial officials decided that con-
tinued expansion Of the banks lend
able funds might facilitate an IN.
healthy credit boom.
They decided to "sterilize" or rem.
der inactive the incoming gold. They
borrowed money to pay for incoming
gold instead of making the metal the
basis for new currency. The borrow
ing took money out OF the banks as
fast as foreigners put 1t in, thus pre-
venting expansion of The credit base
On September IA, 1887, after the
recession had begun and the reverse
Of a credit boom was faced. thu
Treasury "desterilized" or activated
5000 ,OO0,00O of the idle gold by de-
posting certificates for that amount
with the Federal Reserve.
On February IA, 1888. it halted
sterilization OF new gold innows. and
yesterday it desterilized the remaining
idle metal
The gold now will do the same
thing 1t would have done before the
Evening star., 1938-04-15
A. 7. & 7. REPORTS
NET OF $3S,634,257
$2.07 Common Share as
Compared With $2.33 in
1887 Is Shown.
BY the Associated Press.

BY the Associated Press.
NEW YORK. April l5.-American
Telephone g. Telegraph Co.. for the
three months ended March 81. today
reported net income of $38,634.257
after taxes and charges. equal to $2.07
a common share, against $43,582. .625
or $3.50 a common share in the like
1887 quarter.
The figures are exclusive OF the
company's proportionate interest in
the undivided profits or deficits of
subsidiary companies
For the three months ended Feb
ruary % last, the company and its
principal telephone subsidiaries re-
ported consolidated net income Of
$38, ,528830, equal after subsidiary pre-
feMed dividends and minority interest
to sl94 common share, against $56,-
859,7sl or S287 a common share in
the like quarter year earlier.
Walter Clifford, president, in a state
ment accompanying the report. said
the Bell System had net gain OF
around $4,000 telephones in the first
aAollCl, No1IlpdlVu WltIl gain VI
about 10000 in the preceding quarter
and $4,000 in the first quarter Of 1897.
The number of toll and long-di
tance conversations was 25 per cent
less than for the corresponding period
Of last year
While revenue per telephone is
lower, total operating revenues of the
etav,, Mt ahN fIN -
year ago." he added. Expenses are
higher. due mainly to increased wages
and taxes. Current earnings also re-
fleet decline in earning of Western
Electric Co., Inc"
Evening star., 1938-04-15

The European free market price
usually has been slightly under $S5,
but occasionally in the last several
months 1t has exceeded that figure
Both because the American price
usually was few cents higher and
because the United States appeared to
be safe place to hoard the money of
war-scared foreigners, about $5000,-
100000 in gold came to this country
during the last five years.
The desterilized gold largely was
part Of this inflow As a result the
Treasury now owns $l2,e00, 600, 900 Of
gold-about half the gold in the world
About s5.OoOOO 900 bf the metal
Is in . new subterranean vault at Fort
Knox, KY, and the remainder is scat
tered among the Federal Reserve
banks and Federal mints
Before December "a, 1896, whenever