davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1938-09-29

discerned early by powerful in
tereSts here, and that they SCI
about putting their house in
order. Liquidation of securities
bonds as we'll as stocks, was
quietly conducted. The extent OF
such precautionary selling prob
ably has reached a surprisingly
large total.
WORLD WAR RECALLED
In the highest circles it has
been reasoned all along that out.
break of a major war in Europe
would inevitably precipitate de
moralization in all security mar.
ketS, including our own.
It may be interesting to recall
what the World War did to the
New York Stock Market. One who
was active during that period and
who kept close tabs on events
marketwise, furnishes me this &C
count:
when the situation in July,
1914, became acute, the indus
trial averages dropped in a few
days from 81 to 71.42, at which
point the stock exchange was
closed.
-Four and one-half months
later Tin December), when the
exchange reopened, the averages
opened at SIS and closed the first
day at 56.76. Then followed a
seesaw movement between So
and So, until the end of Febru-
ary, 1915, when the war boom
in stocks began, reaching its
peak at 10 in November, 1915.
SENSATIONAL RISES
"In that bull market many
stocks had sensational advances,
such as the Steels, motors, chemi-
Gals.
I'm the event of war, stocks
are likely to break until war
orders begin to pour in. A great
war would result in tremendous
demand for commodities of all
kinds, with consequent higher
prices for cereals, metals, rub
ber, sugar, leather, chemicals,
cotton, etc. Despite higher taxes,
profits should be reaped.'
But what of our neutrality act;
There were no legal barrier:
against shipping such materials
in 1914. There are today.
The Washington times., 1938-09-29

which Washington Zone Manager
j. L. johnson will be host.
Following a luncheon at the
Mayflower Hotel, there will be an
all-afternoon presentation of Pom
tiac's plans for 1889.
New Pontiac models for next
year, including a new Quality
Six" priced near the lowest range,
a DE Luxe Six" and a DE Luxe"
straight eight, will be inspected
Public showing of the models has
been set for October IA.
The meeting is one of 81 being
held in every part of the country
by Pontiac in late September and
early October, as the company
plans a SiZably increased business.
The Washington times., 1938-09-29

Cf the employees and, controverting
these, say that of the 100000
workers claimed by the brother
hoods, 109,935 earned less than
$40 during the year: 303. 500 earned
less than $50, 368,781 earned less
than 500. 462,514 less than 5000,
and 522,841 less than $500 in the
year, indicating that most of the
workers included in the statistics
of the employees were merely cas-
uals who we're called in for tempo
rary employment to clear tracks
during landslides, snowstorms, or
other catastrophes, and were not
railroad workers in the true sense
of the word.
PRESS CLAIM
Pressing che claim that wages
are at their highest level in his
tory - $34.72 an average week
during the tirst quarter of 1888
the companies are prepared to
show the commission that living
costs have declined 1876 per cent
since 1929 although railroad rev.
enueS have declined nearly go per
cent during the corresponding
period, and due to the purchasing
power of the 1888 dollar compared
to that of the 1929 dollar wages
are actually 27.4 per cent higher
than in 1929.
Advancement of design in rail
road engines and the increased
speed in both passenger and
freight trains in recent years has
been expensive to the companies,
according to their brief. Not only
have they made the outlay for
the equipment required, but the
working agreement with con-
ductors, engineers and firemen
is not fitted to the modern speed
under the so-called dual system
of wages.
WAGE BASIS
Illustrating this point, the brief
l II1cG ouS1A C4A4R4OS al
paid on both mileage and an
hourly basis, with all the breaks"
coming to the employe. Under
this system an employe has a
fixed days travel of 100 miles,
and his days work is figured on
that basis. If he travels more
than 100 miles in a day the COM
pany must pay punitive overtime,
and if he travels but rs miles on
the days trip, he still will be paid
for full days work.
Under this method of wage
scaling, the companies point to
the case of a western road that
operates a through passenger
service a distance of 23O miles
a distance covered in seven hours
and Is minutes, slightly less than
an eight-hour day-but because it
exceeds the 1O0-mile daily trip the
engineer receives two and one
thirds a days basic pay.
The Washington times., 1938-09-29
Dividends Declared
By Industrial Loan

Washington Industrial Loan
Company, affiliated with South
eastern Industrial Bankers. Inc,
has declared a regular quarterly
dividend of 7 per cent on pre-
ferred stock and 10 cents a share
on common, payable October /, it
was announced today by Clifton
M. Eisele, Secretary-treasurer. The
dividends were declared as of
September "a. The parent COM
pany, Southeastern Industrial
Bankers, Inc, has declared its
quarterly dividend payable october
8 and payable in the same pro-
portions.
The Washington times., 1938-09-29
REA Makes Grants
TotdIing $4,963,3OO

U.N.S.) The Rural Electrifi-
cation Administration today an.
nounced allotments totaling $4..
963. 300 for % projects in 18
States. They included:
Paulding+Putnam Electric Co
operative, Inc, Paulding, Ohio,
$308,000; North Central Farm
Bureau Electric Cooperative, Inc,
Attica, Ohio, $238, 900; FirelandS
Electric Cooperative, Inc, North
Fairfield, Ohio, $155,0O0; North
Central Farm Bureau Electric Co
operative. Inc, Attica, Ohio.
SIS, 900.
The Washington times., 1938-09-29
AVERAGE WAGE
prices paid shippers-Net F. o. B.
WashingtOn.)
By the e. S. Bureau OF Agricultural
Economics.

Eggs - Market steady. Government
graded and dated eggs: Whites, L. S.
Extras, large, 3912c; L. S. Extras, me-
diums, 3Oisc; L. S. Standards. large, SIC;
L. s. Standards. mediums, 25C; L. s.
Trades, 24c; Pullets, 21c. Nearby un-
graded eggs: Current receipts, Whites,
Is a 29c; Mixed Colors, "a &c.
Live Poultry-Market weak. Fowl:
CoIored, all sizes, 15G1SC; No. rs, 12D
13c; Leghorns, 13414c: Roosters, II q
12c Chickens Virginia Rock Broilers
and Fryers, all sizes 164 18c; No. rs,
13Gl4c. Delaware Rocks and Crosses
Broilers and Fryers all sizes. 16@1Sc
No. IS, Is q 14c. Mixed Colored Fryers,
14@ 16c; No. 2s, 11913c. Leghorns,
Broilers, all sizes, l3a15c. Turkeys
Young Hens, 10 to 12 lbs, 22c; Young
Toms, Is lbs. and up. CSC. No. 2's, la
19c; Old Hens, zoe; Old Toms, lie.
Guineas, lbs and over, soc a pair,
under lbs, 4ec pair.
Less.than.Carload Express Receipts
Florida-SO lugs avoca los: 36 lugs
lines; "a bushel baskets okra 20 55-lb.
crates lines; II bushel baskets squash.
North Carolina-65 l2-bushel baskets
okra; "a bushel baskets peppers
Virginia. barrels waterrress
Tennessee-18 l2-bushel baskets okra
Pennsylvania-1O 24-quart crates
California-+6 12-lb boxes figs
Unknown Origin ~ crates mixed
vegetables.
Apples-One Pennsylvania. Virginia
arrived; l broken and l unbroken cars on
track. Market steady. Truck receipts
moderate. Bushel baskets L. S. No. !
Maryland Pennsylvania, Virginia and
West Virginia, Grimes pa inch mini
mum, 60@65c; 2H inch minimum, 7j n
35c; "a inch minimum, 9Oc @$l; inch
minimum, $1d1.1O. Delicious, 81. incl
minimum. IS S5c; 2h inch minimum
S115Q1.25; ~ inch minimum $l35 q
1.4O. Smokehouse, 2h inch minimum
7O675c; ~ inch minimum, SOm soc
Jonathans, 2A inch minimum, 65@ 75c
24 inch minimum, S1q1.25. KIM
Davids, 2A inch minimum, 6On65c ~
inch minimum, mostly around 75c
Etaymans. 2I4 inch minimum, 75c; 81
inch minimum. &.15 d1.25; 20 incl
m in lnilt,n 81 q 4n Rnnnrns nL Inc
The Washington times., 1938-09-29
|. Q. Answers
(QuestiOnS on Page 2O)

l. ain the first page.
b-Stupid. 2. The leader or the
chief. 3. a and b. 4. False (gar-
ment of silk or cloth worn by
both sexes in the Malay Archi-
pelago. S. No. The first is a
Mohammedan ascetic or Hindu
Yogi. 6. A word with the same
spelling but having different
sound and different meaning.
7. a-One who communicates by
means of letters; b-a joint
respondent, as in a suit for di-
vorce. 8. True. 8. True. 10. True.
The Washington times., 1938-09-29

made p u r.
chaSeS would
have to re-
port them to
the SEC. If
profits we're
made within
six months,
t h ey would
have to be
turned over
to the COM
pany. T h e
net of this is
that few cor
poration dl-
rectorS a r e
liknlN to stem
The Washington times., 1938-09-29

Washington
zone W i'll
meet h ere
t o m orroW
with execu.
tives of the
Pontiac Mo
tor Division
OF General
Motors.
H J.Kling-
ler Pontiac
G e n era !
m a n a g or +.
and others
from t he
C 0 mpany'S
h e a dquar-|
ters at Pom
tiac, Mich
u II nOn-l
d uc t h eI
meeting at
The Washington times., 1938-09-29

GSSpulI Idl Idll SCI lONSs
These employees. members of the
Association of American Railroads,
comprising all the major railroads
of the country will make their
stand before a special fact-flndlng
commission appointed by Presi-
dent Roosevelt on the eve Of a
threatened strike that would para
lyze the country's industry.
POLLED MEMBERS
Railroad employees, members OF
the different brotherhoods Of rail
way employees, had polled members
on a strike ballot after a notice
given them by the companies that
they would receive a Is per cent
pay cut on october /. The strike
would have gone into effect on
the day the paycut became eftec-
tive but for the action of the Presl-
dent who invoked, for the first
time, the services of three-member
fact-finding board.
The board will hold its first Ses-
sion Friday and will undertake
the monumental task of hearing
volumes of evidence, bearing on
the national economic situation as
1t affects both railway workers
and executives. The hearings must
be completed and the findings of
the commission reported within 80
days.
HIGHEST POINT
Justifying the proposed wage cut
the railroad employers have said
that the wage level of railroad
labor is now at the highest point
in history, while the roads them
selves ore facing disaster.
On the other hand. labor has
claimed that the average annual
salary of the workers in the indus
try, excluding those of the execu-
tive departments, is only $1,115.
Along these lines the battle will be
fought during the next 80 days.
Frankly astounded at the low
wage claimed by the employees. the
companies have already pointed
out what they claim to be serious
error i'll the labor figures.
Labor figures, the railroads
claim, were based on the railroad
workers listed in the Railroad Re
tirement Board discriminating
100000. This number, the en-
ployer brief claims, includes all
those who have worked on a rail
road for as much as day. many
Of whom are casual workers. not
engaged in railroad work as a
regular vocation.
AVERAGE WAGE
The facts are, according to the
employer, that only $4,000 regu-
lar, full-time railroad men are on
railroad pay rolls and that their
average annual wage last year was
$1,750
Railroad company StatisticianS
have delved deeply into the claims
The Washington times., 1938-09-29

$1S5@2. New York. 12-qt. baskets, best,
75c: poor condition. 25@35c.
Parsnips-Pensylvania l2-bushel ham,
pers, 4O@5Oc.
Parsley-Pennsylvania h-bushel ham
pers, 5O@6Oc.
The Washington times., 1938-09-29
PONTIAC CALLS
SALES MEETING

Heralding the approach of the
1889 models, more than 500 Pom
tiac dealers and statesmen of the
The Washington times., 1938-09-29
RAILWAY HEADS IN LAST STAND
TO AVERT THREATENED STRIKE.
Will Make Plea Before Special Board
Of Fact Finders TOMORROW
By RICHARD R. BAKER

Tomorrow the mogu of the counrys transportation sys
tenn employers nearly million workers. will make their
last stand for peaceful settlement of labor dispute that
the National Mediation Board said might interrupt interstate
commerce to degree "suh deprive the country of
The Washington times., 1938-09-29
TOBACCO men.
AUCTION.
FOR ND.
Advantages Presented
At Growers Meeting

UPPER MARLBORO, Md, Sept.
29.-"Twenty, twenty, who'll give
me twenty-five; twenty-five, twen-
ty.five, who'll give be thirty; thirty,
thirty who'll give me -"
This vas the chant heard by
Maryland tobacco growers yester-
day as they realized for the first
time the possibility to sell their
principal agriculture crop at auc-
ton.
The Washington times., 1938-09-29
Control Needed.
Forbes Declares
Points Out Anything Could Happen tC
Stocks in Case of Crisis
By B. 9. FORBES

Many stocks without guardians Anything could hap
pen them in a crisis.
One financial leader who played foremost part in striving
organize influential forces keep stock liquidation orderly
he manic tells
The Washington times., 1938-09-29
WERE DISSATISFIED

Heretofore the five tobacco
growing counties of Maryland's
% counties have sacrificed their
tobacco on the Baltimore markets
at whatever price it would bring.
Dissatisfied with quotations
from this years market which
quoted their tobacco from six to
10 cents per pound less than last
years market, thousands of to-
bacco growers in Maryland this
year looked for other means to
market their harvest.
The Washington times., 1938-09-29

Nothing effective could be
done to prevent wholesale de-
moralization in a stock.
The Washington times., 1938-09-29
PURCHASES REPORTED

ANY director or directors VIII
The Washington times., 1938-09-29
ANSWER TO PLEA

AS an answer to their pleas was
the youthful Crosby Wyche, of
Hughesville, Md, who told more
than 300 tobacco growers gathered
here yesterday that he had a ware
house capable of storing more than
one million pounds of tobacco.
Advocating the auctioneer plan,
Mr.. Wyche said that he had been
assured by three leading manu-.
facturers that they would by up
to one million pounds per season,
but could not assure the presence
Of their buyers unless at least one
million pounds was available.
IMPORTANT POINT
One of the most significant
points brought out at the meeting
in the courthouse here was plan
to organize tobacco growers on q
scale commensurate with other
labor organizations in the United
States.
Addressing the meeting in the
court house here, w. r. c. Con-
nick, president of the County
Farm Bureau Administration.
urged that a system whereby
farmers cold sell their tobacco
products at auction be adopted.
Mr.. Connick said that Mary.
land tobacco growers had been
at the mercy of the world wide
market" for years and that it was
high time that Maryland pro
ducers realized their earned share
of the profits from their efforts
of producing one of the most de-
manded agricultural products in
the United States.
Evening star., 1938-08-13
6313 18th ST. NV,

10th and Somerset Pl.
BENNETT HALL.
NEW BUILDING.
$40 50 and--Spacious living room. bed
up room dinette. bath. 'kitch-
en-, foyer, large closets.
Venetian Blinds,
Carpeted Halls.
Facing Rock Greek Park where the sum-
merS are delightfully."- cool.
GEORGIA 1908.
Evening star., 1938-08-13

Natlona! 5s33. 1912 N Y Ave.
4816 3rd ST. NV.
b. Redro1m roe Living Living room dinette kitchen
and janitor service furnished: $40 so
3O7 DECATUR ST, NV.
Bedroom. living room. dinette kitchen
bath and screened porch: heat. hot water
ana ,anitor service furnished: SAC so.
525 PEABODY ST. NV.
kitchen and bath: 3 exposures: So
1l9 CONCORD AVE. NV.
TWO bedrooms. living room. kitchen and
bath 3 exposures: S55
COL PARK RID. NV.
One bedroom. living ROOM kitchen. bq tn:
resident manager on premises: S45
240 HAMILTON ST. NV.
bedrooms. living room. dinette. kitchen
ard bath. So so
VIM. H. SAUNDERS CO.. INC,
DIN II st. NV District 1918
81 R. 1. AVE.-49 T ST. NV.
rooms and bath $4,000
rooms and bath 425O
SHANNON e. LUCHS CO..
1905 H ST N w National
Evening star., 1938-08-13

$40 EYE ST NW-EXCEPTIONA
desirable apt. 3 huge rooms. large KITCHEN.
nath rear porch. Redecorated throughout
Bright and cool Overlooking park Very
eeasonable FRANK s. PHILLIPS. District
Evening star., 1938-08-13

ANACosTIA, COR. NICHOLS AVE. AND
Talbert St rooms. Arcola heater Re-
ouceo, S35 monthly: Key. 900 Nlchols ave.
Aeent. SHANNON & LUCHS.
4 ROOMS. KITCHEN. BATH. SCREENED
porch. cellar, garden good locatio ion, mar
fseation heat furnished; 500. Dec. lSS'
Evening star., 1938-01-28
Rule by Press Conference
Policies of Most Vital Importance Laid Down by
President at Those Sessions.

The President says it can, but nobody
in the administration has proved 1t.
They seem to think with Hamlet that
there is nothing either good or bad,
but thinking makes it So"
Mr. Harold Moulton the head OF the
Brookings Institution, who spoke on
Wednesday before the American So
ciety of Electrical Engineers, says it
can't be done. Mr. Moulton says
and it can be sustained by looking at
any figures of the national income
that have ever existed in the history
of the United States--that the present
demand Of the American people for
what they conceive to be an adequate
standard of living cannot be met with
out vastly increased and more eff
cient per capita production. He says
that the standard of living of 1929 re-
quires the production of $50. 900 900, 900
OF durable goods in the next five years,
or so per cent more than in 1929. and
that such an expansion would be
enough to absorb practically the en-
tire unemployment. But he says that
II this is to be achieved certain facts
must be considered. These facts are
that whereas from 1900 to 1929 the
length of the working week was re-
duced 13 per cent, per capita produc-
ton expanded by 40 per cent while
from 1929 to 1886 per capita produc-
ton was reduced by IS per cent while
the working week was reduced by 20
per cent: and from 1884 to 1886 wage
rates increased moderately while prices
remained practically stable, though
efficiency increased at about the same
rate. But at the end of 1886, he SAYS,
the equilibrium between wages and
prices was shaken; in the first quarter
OF 1887 the wage rate increase was ac-
celereated and hours decreased, and
these increases were wholly unrelated
to efficiency: and what we are getting
is more leisure, large part of il In
the form Of unemployment, and less
wealth.
Not Profit System.
In his Wednesday column David
Lawrence gives some interesting fig
ures which I have been unable so far
to check. He says that between 1890
and 1896 all business concerns in the
| United States pair out S24367 900 600
more than their income And now the
President asks industry to dig into
their surplus to keep up and expand
industry. That is what Mr. Hoover
asked them to do in 1929, and actually
industry did it for as long as possible,
but they can't do it now because We
have never had real recovery and We
have had a surplus profits tax
And Mr.. Lawrence says that the
surplus in all manufa curing indus
tries is only saooOoO0,ooO, one-ffth
of that being in cash.
If these figures are correct. then
what the President is asking is just
plain impossible.
Copyright. 1885, Ner York Herald-Tribune.
Evening star., 1938-01-28


1884. were only about so per cent Of
the total in 1926, dividends and in
terests were about $50 per cent of the
total in 1926" This statement was
put out as report Of the ''meticulously
objective Division of Research and
Planning of the N. R. A.. and its OBJ
ject was to show that profits we're in
creasing prodigiously while the gain
was not being passed on in purchas-
ing power.
Mr.. Henderson's figures we're
promptly challenged by economists,
and on March 18 he had to eat his
words The mistakes he made we're
egreglous and appalling. but they we're
used to maintain the fiction that cap
itai was prospering while labor was
bearing the full brunt of the depres-
sion.
Not a Legislature.
But Mr.. Henderson is still advising
the administration, and possibly 1t is
on Mr.. Henderson's compilations Of
facts and Interpretation of them that
the economic life Of this country to a
large extent depends. Unfortunately.
morality is not just a question of a
warm heart and good will. 1t is init
mately lntegrated with truth. therefore
with facts, therefore with knowledge;
and you cannot have good govern
ment. using the word good in its ethical
connotation. unless you have knowl-
edgeable government.
Of course, a press conference is not
legislative body. Nevertheless the
edicts and judgments uttered on
Tuesdays and Fridays and displayed
on the front pages of the papers
Immediately following are actually sc-
| cepted by most Americans as policy.
The correspondents watch the Presi-
dent to see whether by his gestures
or the tone of his voice he seems
to be making an offhand judgment
| or to be putting behind it the full
| force of his convictions It is news
| Of sufficient Importance to affect the
| course of investments whether he
| shakes his head vigorously. whether
he speaks aggressively. or whether he
remarks that ne is not using the die
tionary sense Of a word. Yet these
statements are not law. they are not
edicts; they are really theater.
Can It Be Done:
Now this last press conference state
ment indicates that We are to get
the more abundant life in 1888 by
maintaining the demands of labor
as to both wagss and hours. by keep
ing down prices, by paying for the
recession out of previous profits, by
keeping the burden off the bond
holders-which would mean bank
ruptcy-and without reducing taxes.
The question is: Can 1t be done?
Evening star., 1938-01-28

A''' when he set him
self up in the king business at the
age OF 80. He is now Al, an apt pupil
under the tutelage OF Papa Mussolini,
impresario of kings, according to all
studious reports from that country. He
was a mountain farm boy. called
Ahmed the Hawk" fighting his way
up through mountain feuds which
would make visitor from Breathitt
County, KY, feel mighty homesick.
OF an ancient fighting clan. he was
an hereditary chieftain, and this
helped to certify him as King when
he seized the throne. He did we'll in
the preliminaries to the main event
Of 1914. In which he led his mountain
clan, emerging with q strong following
and heightened ambition. He became
premier at 81 and dictator at 20, "at
the cost Of considerable blood" said
one commentator, but possibly pro-
viding the only attainable stability for
turbulent Albania"
On dull days In Central Europe.
correspondents have been marrying
Of! King Zog-to the Italian Princess
Maria Of Savoy; to the daughter OF
the King Of Sgypt; to Hungarian
countess; to one Of the 80 (not e0)
ruling families OF Albania, and to an
Italian countess Of an ancient Roman
family. He is Mahometan and 1t is
said that arrangements are being made
to allow his marriage to the Countess
Appony.
The annual take in his little
corporate state is 100000 and the
outgo about s400o,000. But all the
business clears through the Italian
State Bank and nobody seems to BE-
worrying about the annual deficit. The
King dealt himself a salary Of $4,000
when he took the throne.
(Copyr!ght, 1881
Evening star., 1938-01-28

in the White House back door done
suitable background than the
for the current cutthroa intrigue
the probabilities that complete triumph w be
The scheme
the persuasive exposition OF Richbg
presidential talk with
that avoidance
until production could be planned.
The President
for the uncomfrab Roosevelt
much of his conference
planning that the depression largely production
schedules III the automobile business.
The nature mis-
after with
in which Government could sit down
an even production schedule for the next
AS outlined authority, charming
the President rather than
entails first Of ALL
the Department Commerce
charged Of collecting
and forecasing
Each industry uould hare its
the beginning OF each producing the experts uoud sit
h the business discuss the The
tons Woud NTH establishment
the industry And then the different
uould share the total out themselves
On its face this locks like straight production ALLEGATION
President hopes
ALLEGATION Of
for shares in the production
Suppose example.
produce at specified until
Then they would gather
whose
less successful companies that they
Of
All this Supposed be
in such disastrous Clearly
100 J. Nevertheless
en has scheme ready for the its technical
Evening star., 1938-01-28

the chief
that gentleman slapped
Codeono
his to then walked the
tried murder found
party
Adolf
the of "de schoene Adolf he handsome Adolf This really
really
have Hnls Mussons
simplicity of his thoughts Furthermore
he young will his country.