davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-11-02
Fight on Rome Pact Stirs Chamberlain

'berlain added, might well be-
found to contain the seed which
might ultimately develop into a
new era of confidence and peace
in Europe"
The Rome-London protocol, the
Prime Minister explained, provides
new credentials for the ambassa-
dor to Italy, recognizing Italian
sovereignty over Abyssinia.
ANSWER TO LABORITE
Informed of our intention"
he said, France stated that she
welcomed anything contributing
to an improvement in Anglo
Italian relations.
LET the house put an end
to the idea that any nation
should be kept at arms length.
/ "If the nations of Europe
escaped a great catastrophe in
the Czechoslovakia crisis, no
body can imagine they are going
to knock their heads together
over Spain"
This was in answer to an attack
by Laborite Arthur Greenwood
who did not criticize the Anglo.
Italian agreement, but lamented
the price that Is going to be paid
| for it by the people Of Spain. /"
The Washington times., 1938-11-02
SEC ASSailS
Morgan Men

Two partners of the House Of
Morgan-George Whitney and
Thomas w. Lamont-were scath-
ingly condemned yesterday by the
Securities and Exchange CommiS-
sion for covering up the miSdeeds
of Broker Richard Whitney,
George Whitney's brother.
Had it not been for the silence
and inaction of the two Morgan
men. Richard Whitney could not
have continued in business for
months before his final disastrous
crash. the SEC charged.
In blistering terms the commits.
sion derided the New York bank.
ers for their private social club
morals, the dangerous outnoded
philosophy" under which they
justified their concealment Of
Whitney's situation from members
of the exchange and the public.
Richard Whitney is serving time
in Sing Sing for his role in the
! crash.
The Washington times., 1938-11-02

last year. Last night it closed al
43%, but has been as low as 80
this year.
The answer to this lies in the
business depression, bringing with
it a falling off in advertising and
higher costs in relation to gross
revenues and net profits. In the
higher costs, wages and taxes are
two major items.
MAGAZINES SHRINK
The three magazines in 1929
brought in gross revenues of $84,-
619,310. These Shrunk to $27,-
716,143 in 1933-the banking holi-
day year-and last year were only
$36,379,116, or 81 per cent off
from the 1929 level.
This year results will be under
those of 1887. Net earnings for
the first nine months are only
1,128,482, equal to $1.34 a share
on the preferred stock and a
deficit of $1.85 a share on the
common, compared with $3,741 ,046
in the same 1887 period, or $4.32
on the preferred and a deficit OF
As cents on the common.
The company has reported a
deficit on the common stock for
every year since and including
1882 to date, except for the 13
cents netted in 1886. The 1882
deficit was due to a 81 dividend
paid on the common-the last dis
burSement.
The Washington times., 1938-11-02
Continued from Page u

the Rome-London understanding
have now been fulfilled" Cham
berlain asserted.
Classification for recognition
of Ethiopia can be found if we
feel that it constitutes an i'm
portant advance toward ap-
peaSement.
1T was not Italy's fault that
the principle of international
noninterVention in Spain was
not operative"
DENIED BY SPAIN
while in Munich" said the
prime minister, Premier Mus
solini volunteered to withdraw
10000 men-half the Italian in
fantry in Spain-and he has
done So"
Against this, however. was the
official charge of the Spanish EN-
baSSy that there are still about
10000 Italians fighting for the
Spanish nationalists, including
10000 infantrymen.
MY mind is clear that the
Spanish question is no longer a
menace to the peace of Europe"
Chamberlain went on. "Conse-
quently, there is no reason why
we now can not take a step that
The Washington times., 1938-11-02
BRITISH CLASH
KILLS 5 ARABS

JERUSALEM, Nov. 2 G.N.SO.
Five Arabs were killed and two
wounded today when Britis h
troops clashed with a rebel band
while searching the village of
Mazraa Sharkiya, north of
Ramallah.
A British military court SEN
fenced five Arab terroriSts to
death today as troops and police
pressed forward with their cam
paign to stamp out the anti-Jewish
revolt.
Meanwhile, Arabs throughout
the Holy Land were engaged in a
general strike in protest against
the British military measures.
Arabs who refused to cooperate
with the strike were threatened
with death by their leaders.
The Washington times., 1938-11-02
FOREIGN TRADE.
PACT BENEFITS.
HAILED BY F. D.,
Joins Hull in Defense
Of Agreements
Hall Criticized
In Berlin

BERLIN. Nov. 2 1.N.SD.
Sharp criticism Of Secretary
of State Hull's speech before
the Foreign Trade COnven-
tion in New York, was ex-
pressed in official quarters
here today.
Diplomatic Correspondence,
semi.Official organ of the
Germ m Foreign Office,
charged that the speech in
which Hull warned against
trade iSOlatiOnism," lacked
understanding of the Euro
pean situation. 1t warned
the American Secretary of
State to be more careful" in
judging conditions on other
continents.
The Washington times., 1938-11-02
7ill obviously contribute to gen.

will obviously contribute to gen
eral appeasement.
IT have received from Signor
MuSsolini positive assurances
that the remaining Italian
forces in all categories will be
withdrawn when non-interven-
ton becomes operative, and no
further Italians will be sent to
Spain. The Italians never en-
tertained the idea Of sending
compensatory air forces to Spain
to replace the Withdrawals.
"Herr Hitler and Signor MND'
The Washington times., 1938-11-02

Solini at Munich both assured
me most definitely that they
have no territorial ambitions
whatever in Spain.
IF any Justification is re-
uuired for closing our differ
ences with Italy, 1t can surely
be found in Signor MuSSo-
lini's action when, at my re-
quest, he used his influence with
Herr Hitler to allow time for
the discussions leading UP to
the Munich agreement"
The Munich agreement Cham
The Washington times., 1938-11-02

"RigOF Deskus.' This OccppatiOnal
disorder among stenOgraphefs is be-
coming q major industrial +han dicaP-
but there's q way to beat 1t. When the
when the eyes burn from staring at a
notebook. when the legs begin to feel
like baseball bats-its' time to- "refuel
In mid-air." And the way to do 1t
is with q set of simple exercises
explained with striking new photo
graphs in the American Weekly, the
magazine distributed with next Sun.
days Herald. Times.
The Washington times., 1938-11-02
Bingo Tonight

Members of East Gate Lodge,
No. "a, will sponsor a bingo party
at the lodge hall tonight after a
short business meeting. Arrange
ments for the party are being
handled by Past Master Alfred j.
Stefan.
The Washington times., 1938-11-02
Boo! British Want
To Play Our Game

ing Company is considering purchasing the British
rights of the "War of the Worlds radio broadcast
chich caused eCdespread panic IN the United States
the Daily Express reported today.
European, newspapers haze heaped ridicule upon the
United States for the hysteG produced by the broad
cast dramaization of the H. G. Wells fantasy Whch
depicted an invasion from Mars
The Washington times., 1938-11-02
Church Bells Ring

Farber and Miller also heard
church bells while they were be-
ing held prisoners. They also
heard, family, the clicking of bill
lard balls somewhere in the build
ing.
Omen visited 200 churches, TOO
poolroomS and several hundred
meeting places before they finally
struck the right trail.
Hoover disclosed that when this
trail finally led to the abductors
they were not Immediately ar
rested but were trailed wherever
they went. They were spotted
first at a race track where, ap-
parently, they were trying to get
rid of the ransom notes.
The men named by Hoover as
the kidnap- murder fourSome are
Joseph Sacoda, 81, alleged ring
leader, who is now in Sing Sing
prison as a parole violator; De-
metriuS Gula, 80, married, and
father of a son; William Jacknis,
6NS 4OA AAS1 pay S4OOA4A A1OPCNGO1
for the WPA, and John Virga, "a,
married, and father of two chill
dren.
IN LEVINE CASE?
Hoover was asked whether there
was any suspicion that the four
perpetrated the kidnapping of 12-
year-old Peter Levine, of New Ro-
chelle, was disappeared February
"a, 1888, and whose body was
washed up on the New Rochelle
shore May %. All Hoover would
say was:
1--WE are investigating other
kidnapings."
The kidnapping and murder of
Fried was one of the most chilling
episodes in the annals of modern
criminology.
The Washington times., 1938-11-02

NEW YORK, Nov. 2 QN.SO
The national administration to-
day is pursuing with renewed
vigor its program of trade agree
ments for the restoration and
expansion of international COM
merce.
This was made plain by both
President Roosevelt and Secretary
Of State Cordell Hull.
In a letter to the National
Foreign Trade Convention, the
President lauded the American
trade policies for helping foreign
commerce and providing "an ex-
cellent illustration of what co.
operation between business and
government can and should be-"
FOR BENEFIT OF ALL
Speaking before the convention,
Hull stressed the necessity OF con-
tinuing prevalent policies. He
said:
The program which we advo-
cate offers the only practicable
alternative to a drift toward the
anarchy of economic warfare,
with all its disastrous conSe-
quences for the peace and prog
reSS of man. Its workability
has been demonstrated beyond
Q shadow of doubt.
kA IRro0nd hNy oil
nations alike, without exception,
and to the benefit of each and
all.
DEPLORES ARMS RACE
"Our own best interests and
the concern which all of us must
feel for the future of the human
race imperatfvely require that,
far from abandoning our trade
agreements program, we put a
redoubled Vigor into our efforts
to enlarge its scope and its ef-
fectivenesS.
The Secretary deplored the ar
maments race but stated that the
United States must maintain Suf-
ficient armed forces for our secur-
ity and defense.
Hull enunciated against com.
promising trade policies to con-
form to German or other authori.
tartan desires.
ILLUSION OF STRENGTH
"Autarchy and otner forms of
economic armament create but
an illusion OF strength and Secu.
rity," he SAID. "They uproot far
more than they build. They dis
courage rather than generate en-
terpriSe. BY placing impossible
barriers to the world flow of mate
rial and financial resources, by
tending to split up the world into
abnormallv limited areas of trade
relations, they undermine con-
fidence and stability.
They make all nations pro-
gressively weaker"
FOR DURABLE PEACE
He pointed to recent specula-
ton that the Munich agreement
and German ascendancy in Eu-
ropean affairs might cause a
revision of American trade poll
cies, and said:
"It is my considered judgment
that nothing that has occurred in
recent years or in recent weeks
has served to discredit in any way
the principles on the basis of
which we are seeking to bring
about a restoration of sound eco
nomic conditions as a necessary
foundation Of durable peace"
Hull said that the autarchies
"employ methods of forced and
artificial stimulation, which in.
eScapably prevent trade from max
R,,1I L...I
The Washington times., 1938-11-02
C-MEN BARE
KIDNAP TRAP
Continued from Page u

Continued from Page II
lyn and taken to Ukrainian Hall.
He was released the same day on
payment of $4,000 ransom.
Stories told to the G-men by
Farber and Miller eventually led
to the arrests.
Miller recalled that he was
taken across a bridge and heard
an automobile radio playing "A
Tisket, a TaSket." This led to
settling the time of the kidnapping,
after G-men had checked with all
local radio stations.
The Washington times., 1938-11-02
British Recognition
kASked BY Franco

LONDON, NoU. 2 Copyright, 1898, by LN.S)--A
request for formal recognition of the Nationalist
regime in Spain lodged uOith the British govern
nnent by GeneralissnO Fr0nciscO Franco today.
The request uUas made by the duke of Alba,
Francois diplomatic representative in London.
FRANCOIS representations asked that his regime be
recognized by Britain Immediately after the pending
AngLo-ItaIian friendship agreement becomes ef-
fectiOe.
The first reaction of the British government hOuO-
eUer uvas to hedge the demand, pointing out that
questions had to be settled before definite
decision be made.
Among these issues is the matter of freeing British
merchant ships Dich haOs been seized BY the Franco
n0UoI forces.
The Washington times., 1938-11-02
GEORGES
FIRE TURNED ON
C H A MBERLAIN
Trying to Be a Hitler,
Ex Premier Storms
(Copyright. 1881

LONDON, Nov. 2 UN.s).
Prime Minister Neville Chamber.
lain today was accused Of "ac.
quiring the dictatorial airs" Of
Adolf Hitler and Benito Mussolini,
in e sharp statement by David
Lloyd George.
The wartime prime minister's
attack on Chamberlain came as a
rejoinder to hints that more Wig.
orous censorship will be imposed
on British broadcasts to the
United States.
Such broadcasts, in which Lloyd
George and Winston Churchill re-
Gently attacked Chamberlain's
foreign policy, amount to "fouling
our own nest" Chamberlain told
the House of Commons yesterday,
without mentioning any individ-
uals.
STANDS BY GUNS
II won't withdraw one sentence
or one phrase of my broadcast"
said Lloyd George, referring to his
address last week in which he said
that Chamberlain's path would
only lead to a war worse than the
one averted at Munich.
"Ihe prime minister seems to
be acquiring the dictatorial airs
Of his associates.
"It is q new doctrine for q
democracy, certainly for British
democracy, that one cannot.
criticize the government with.
out bringing down the open
charge oc fouling ones own
nest
NOT DEMOCRACY
"Mr. Chamberlain says it
could not have happened in
Germany. Certainly not! No
criticism is allowed there. #
you perpetrated it, you would
either be put into a concentra-
ton camp, or be beheaded as o
traitor.
rs this the prime minister's
idea Of q democratic govern
ment?"
Lloyd George, however, said he
was not certain that Chamberlain
referred to him and Churchill. He
also insisted that his speech was
not especially directed to America.
He merely approved the rebroad-
cast in America after he agreed to
address the Free Church Fedora
tion in London.
Sober reflection, however, left
little doubt in the British press
that CHAMBERLAIN was alluding to
the Welshman and Churchill, both
wartime leaders of the cabinet.
In spite of Lloyd Georges coun-
ter.blast, judicious inquiries dis
closed that closer scrutiny Of
broadcasts abroad is contem-
plated.
The Washington times., 1938-11-02
FRENCH TO APE.
u. S. IN PLANS.
AVIATION. .
Half Billion Cost Set to
Catch Up to NaziS
BY MERRILL MUELLER

PARIS, Nov. 2 UN.S0.-A
$500 900, 900 modernization pro
gram to develop the aircraft in
dustry in France along American
lines-particularly for the de-
yelopment of better military air
service, one equal to that of Nazi
Germany-will be undertaken
shortly.
Keynote of the program. which
is designed to make airplane pro
duction interrelated to automo-
tive production, is to equal in
quantity and quality the output
of Reich airplane factories, pro
ducing between 500 and 1000
planes q month.
$4O,OOO,OOO A MONTH
American flying equipment,
plus manufacturing devices and
methods copied from American
factories, will play an important
part in Frances drive to create
the outstanding air force in
Europe.
This huge outlay will be spent
during the next 12-month period,
at the rate of better than $40,000,-
900 a month, for the following
purposes:
l. The manufacture of 1000
new planes in both lombard
ment and pursuit groups,
"among the fastest in the
world" at a cost of $270,000,-
900. Speedy construction will
result through the utilization of
automotive factories.
2. Construction of more than
100 new air bases, to be the
best in Europe" and:
3. Increasing the air force
personnel by 1850 officers and
$4,000 men at a cost of $780,
100000.
AUTO-PIANO UNITY
While betterment of the air
force is the underlying cause of
the entire program, the most radi-
cal move by the Lebrun govern
ment is the decision to coincide
airplane production with automo-
bile manufacturing.
This will be done by standard
ization of a number of automobile
parts for aircraft use, such as
simple motor instruments, control
devices, and even actual frame
work of both auto and airplane.
For example, a one-piece motor
mount for airplane construction
can be designed along identical
lines with that used for several
French automobile engineS-thus,
for every automotive motor mount
made, an aircraft motor mount is
made.
Fusilages and certain wing sec
tionS can be stamped from the
same dies that stamp certain type
automobile body sections.
However, aircraft assembly will
remain a technical job for spe-
cialized workers. Unlike the Brit
ish, the French plan is to have
the entire airplane built under
one roof.
German air equipment has far
outdiStanced the French planes.
The Washington times., 1938-11-02
Publishers Face
He0Og Losses As
Ad Image Drops
Bv LESLIE GOULD

NEW YORK; Nov. 2 (IN.S)-The brokers may thlnk tney
have corner the difficulties Of making profit but tney
should take q look at the publishing business.
The Washington times., 1938-11-02

In recent weeks, the Curtis Pub
fishing Company, one of the lead
| ing factors in the magazine field
stopped paying dividends on the
preferred stock entirely, after a
year of reduced disbursements.
N. Y. SUN AFFECTED
Then in the newspaper field,
the New York Sun just chopped
the dividend on its preferred
stock, which is closely held, max
ing a semi-annual payment Of 81
instead of the usual 81 rate.
Standard Statistics Co., in
latest reports on the industry. cite
drop in advertising Image in the
first eight months of this year
for Time Magazine of about 80
per cent" and for its companion,
Life, a loss of some So per cent" )"
and for the monthly, Fortune, 20
per cent for the first nine months.
For magazines in general adver-
Using Image is off about 19 or
20 per cent.
A factor in the drop in Life lin
age Is the big mark-up announced
this year in advertising rates.
CURTIS co. RECORD
The Curtis Publishing Co. puts
out the weekly-Saturday Eve
ming which in 1887 made a
new record for circulation-and
the two monthly magazines
Ladies Home Journal and the
Country Gentleman.
The company has a long divi-
dend record on the preferred, but
in 1888 this began to falter, only
SITS being paid that year, and
the next year $4.25, against the
annual rate of ST.
The next two years the regular
dividends were resumed and
something paid off on the arrears,
but in 1887 the rate was reduced.
After paying 81 quarterly the rate
was cut to Is cents and finally
omitted this fall.
Back dividends now amount to
$14. No dividends have been paid
on the common stock since 1882,
when 81 was disbursed. In 1929,
the company paid a 100 per cent
stock dividend and $6 in regular
cash payments and 50 extra on
the common.
BIG DECLINES
The Curtis stocks-the common
and preferred-have had big de
clines. The common closed last
night at 634, but it was as low as
434 this year, while in 1887 it sold
at 4, but it was also up to 209s
in 1887.
In 1929, after the 100 per cent
stock dividend, the stock had a
high of 1872, with the low that
year 100.
The preferred, on which the
dividends have just been cut out
from a high of 1914 in 1929 de
clined to a low of 80 in 1888, came
/ Lo nj ~ IA i,a 1OoR a~l 1nOlL 0pa1r
The Washington times., 1938-11-02

HATE9 By MAIL FOB VIRGINIA, MARY
LAND, WEST VIRGINIA AND
NORTH CAROLINA
The Washington times., 1938-11-02

RATES By CARRIER IN WASHING.
TON. D. c.. AND SUBURBS
Evening star., 1938-03-10
USED-CAR DRIVE
WATCHED CLOSELY
Success of Efforts to Cut
100000 Supply Will Be
Vital Clue.
81 the Assoctatad Press.

DETROIT. March 10.-NothinE the
motor car industry ever has UNDER
taken has been watched as closely by
producing and distributing divisions
and the scores of businesses that de-
pend upon automotive prosperity for
paign for the mass disposal of used
cars.
The campaign was not designed to
accomplish anything quite as gargan-
tuan as the immediate clearing out Of
100000 used cars; it sought rather to
start the movement of these vehicles
in sufficient volume to justify an
increase in factory operations on new
vehicles. From the success Of this
undertaking the industry hoped to be
able to appraise the immediate future
and the possibility of stepping up
employment.
While the volume of secondhand
vehicles in dealers possession when
the drive started was nearly twice as
great as that ever before accumulated
at any one time, few, ii any, of the
manufacturers and distributors re-
garded it as an iasurmountable stock
of cars. Best available figures show
that last year more than 100000
secondhand vehicles were sold. Like
wise. in 1886, the movement of used
units was in excess OF 100000.
Thus, the sale of 100000 units alone
does not present the problem indi-
Gated at first thought. The problem
actually is to get the accumulation
moving and keep it in motion. The
industry long ago accepted the used
car situation not so much as an "evil"
as q merchandising factor that re-
quired the same amount of sales
application as the distribution of new
units in a highly competitive market.
But for the demand for and con.
sumption Of used cars, the industry's
leaders in manufacturing and distri-
button point out, there could be no
large production programs. During
the last decade large part of the
new-car distribution has been possible
because owners were able to trade in
their models of previous years and
the industry was able to pass these
along to buyers who could not afford
the purchase Of new models.
Evening star., 1938-03-10

NEW YORK March 10 UP.-The French
FRANC slid to q new low since / 926 in terms
OF the dollar today as the political crisis
IN France precipitated the resignation Of
the Chautemps government.
Uneasy over the French situation. the
market generally was unsettled and the
dollar benefited. The how Of funds out
OF the franc, however. was reported in ex-
change circles going mainly to London.
The franc around midday was quoted
AZ 3.15N cents here, on .02la, after having
esg'1 esssn ,h;n here The British pound lost an
cent; Holland suilder lost .o3 Of cent
.0ols Of = cent at Z321h cents. "
Despite the further decline, exchange
men said there were Indications the French
ana American controls funds had been CO.
operating to protect the franc against
speculation and to ease its fall under the
shift Of capital from Paris.
Great Britain In dollars, others in cents;
Great Britain. demand. {. 6.0l; cables. sol !;
sosssy sisy eS ease. 59Cn Frsnis ss dd:msnd dsmsnd
55;2Sh; cables. 5.2sh; demands. Belgium,
oa5; sSsXsi' ~ zss Aellsns 55 az Nj.
Spain unaaoted; Portugal, 4.55s.: Greece, !,
$51s Yusosiayia. ss5; Austria. AtrnosiUyaKla sssn
Hungary, 1895: Rumania. O.74a: Ar
Toxic 2S.95: Shanghai, 20. so: Hong.
kong, 31,37: Mexico City. $3.50: Montreal
IN New York. 30 9.967a: New York in Nom
treal. 1O0.O3h. Nominal.
Evening star., 1938-03-10
$524,521 NET SHOWN
By MERRITT-CHAPMAN
Special Dispatch to Tho Star.

Special Dispatch to Tho Star
NEW YORK, March 10.-The re-
port of Merritt tt-Chapman & Scott
Corp. and subsidiaries shows a net
income of s524,52179 after all charges
but before provision for Federal taxes
Of $l45, ZOO.
This compares with a net loss of
s52,735 l6 for 1886 before Federal taxes
OF s13,600. The results for the year
1887 were the best since 1890.
The net profit after all charges, in
cluding Federal taxes, equals sl3.54
per share on the preferred stock out
standing, or 81 cents per share on the
common stock after the regular an
nual $3.50 preferred dividend require
ment.
Net working capital at December
81. 1887, was 81, 1,640, ,007 SO. This shows
an increase of s592, ,44S89 over the
year before.