davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22
CAN'T GEA WPA JOB

BOSTON, July 90. CUP)-
Charles Han. Sc. who said he is L
full bIoodcd Cherokee Indian.
adopted from an Oklahoma reser-
walton by white people, was re
fused Il WPA job yesterday be.
cause he cannot prove he is an
American citizen by producing
the required birth certificate.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

Here is q situation when
should enhearten persons VINO
need such ENHANCEMENT:
| have just witnessed the out
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

If bombing civilian populations is going
to keep on being the rule, maybe universal
transcription wouldn't be such a bad idea
after all.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

America, it is disclosed, sends Al million
false teeth abroad every year-to enable
European politicians to send back Al mil
lion false political doctrines.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

Summers aren't what they used to be.
Here we are, half way to autumn, and no
body has taken up residence in an ice cot
fin yet.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22
$500 VISI ORS: Although

the newest Of the camps, the
North Mills River Recreation
Area reported the highest num-
Der of visitors for the past week
end, $500 persons having visited
this new center in this county.
This is quite an asset for resi-
dents and tourists. These figures
are all the more interesting in the
light Of the suggestion outlined
Yesterday in this column by Yates
Hemphill for the opening to pub
lie travel Of the new yellow Gap
Road from this camp. to the Pink
Beds.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

On September %, 1914 German submarine
the U9, sank three British cruisers in one hour
with loss of l400 men.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22
DRIVE SAFELY CONTEST:

The Purol-Pep crusade for care
full driving doesn't seem to wane
in interest. S. F. Thompson Of
Flat Rock is listed among those
winning So prize in the June
contest covering four states.
Thousands of pledges to drive
safely have been made in this
State. "What driving mistakes
can you find in this picture" is
the title of the July contest, as
carried in Wednesdays paper.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

Rayon goods produced in Ar
gcntina last year weighed 7,73H,
900 pounds.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22

male red deer new set OF anuers ana
each succeeding complete than It's predecessor Inc
young nobber" indicates has only par oil Hlop
but as a royal hart may magnificent tec-i"o spread OF
ntlcrs weighing 70 pounds decorated with dozen prIoe DENTS
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-07-22
BIBLE THOUGHT
RIGHTEOUSNESS

shall go before him; and shall set in the way OF
Ills steps" psalm 1919
Evening star., 1938-01-07
TRAFFIC LIGHT ORDERED

Installation OF traffic lights at the
intersection of New Jersey avenue and
c street NV. has been ordered by
the Commissioners at the request OF
David Lynn, architect of the Capitol.
The cost will be paid by the Dis
trict, but reimbursement later has
been promised by the architects Office.
The intersection has been termed
dangerous because of street cars and
yehicular traffic to and from the
Capitol area.
Evening star., 1938-01-07
100000 Call for Time.

Paris observatory talking clock"
which automatically announces the
correct time every 10 seconds, was
consulted by telephone 100000 times
in the last year.
Evening star., 1938-01-07
[3a33f f.; !; i:;i:i75 s. ffEfz i
limited time only

Thousands who wear dental plates
know FASTEETH to be . pleasant aid
for all day comfort and security OF fit.
Anyone who wears a plate or bridge is
TEETH for cleaning plates or bridges.
No daily brushing no acid no harm.
KLEENTEETH easily and quickly re.
moves sticky film - stains - tarnish and
food debris that causes plate taste"
and "denture breath" Simply soak plate
In solution of KLEENTEETH.
La gaceta., 1938-06-15
Sc UNA MUJER DE
LA RAZA NEGRA

Cuando trataba de salvar u
dos muchachos de la raza blan
ca, Robert y Earl Zina, cuyos
pies sc habian enredado en-
una cadena que tiraba un ter,
nero, muri6 hoy ahogada, en-
Ell rio Hillaborough, cerca de
la Gale %, la sonora Cora
bennington, de la raza negra
vecina del 1903 de la avenida
Lake.
La negra trataba de llegar
a los muchachos y ell aqua Ia
arrastr6. Los ninos lograron Ii.
brarse de la cadena Y notifica
ron de 10 sucedido al condos
able Bozeman, del distrito de
Sulphur Springs.
El cadaver de la mujer fu6
recobrado y entregado a una
funeraria.
Bien merece una medalla, c
algdn honor, esta pobre negra
que arriseg6 su vida para ira
tar de salvar a los ninos.
La gaceta., 1938-06-15

prodigio... En- ella sc interalr1-
pc ell texto, cuyo resto sc ha per
dido.
Como sus compaheros Gaspar
" Melchor, Ell rey Baltasar, de
sonrisa blanca en- la faz more
ma, acude a Belen, atraidD por ell
milagro y Ell obediencia al cla-
70 dictamen de la estrella. Pero
Baltasar, Cd rey negro, apegado
a las realidades terrenales v con
|cretas (como ell propio an6nimo
autor del auto, castellano, sin
duda, " n1uy de su tiempo), a.
purAta la primera duda, adelar-
ia con verbo escueto ell primer
recelo. Ell negro rey Baltasar,
no quiere Greer en- la realidad
de la estrella 81 no la We brillar
tres noches seguidas. Ingenua-
mente eXclama:
La gaceta., 1938-06-15
del siglo XVIII, por don Felipe

del siglo XVIII, por don Felipe
Fernandez Vallejo, entonces ca
n6nigo de Toledo y qle fue des-
pues Arzobispo de Santiago. FL
lnslgne maestro Don Ramon Me
nendez y Pidal public6 los lat
versos que constituyen la 1nica
parte del Auto llegada hasta
nosotros. Ellos basaan para des-
cribir resueltamente la obra en-
Ell gran ciclo de dos autos llama
dos de Navidad, de que abund6
la escena espafola.
La parte hasta hoy conserva-
da de este antiqufsimo "Aucto',
primer documento escenico es-
critic en- lengua castellana ,ruda
y aspera y balbuciente aim en- a.
qllella epoca, Sc reduce a sendos
mon6logos de los tres Reyes, a
su decision conjunta de ir a VII
star al Mesias anunciado por ell
fulgor de la estrella milagrosa,
a su llegada al palacio de Hero
DIES, que recibe gran susie Y te-
NOR en- la certeza de que ha ma
cldo un rey, senior de la TERRA;
y a seguida, para mayor escla-
recimbento del inaudito case. a
la llamada a los salbios, rabinos,
Sofdstas, para la discussion del
La gaceta., 1938-06-15
LA LEY DE JORNALES Y
HORAS MANDADA A LA
CASA BLANCA

Washington, JUNO 15-Fal
ia solo la firma del presiden-
tie Roosevelt para que Ell pals
tenga una ley de jornal mini
mo y maximo de horas.
La legislation de CONFRONT
so Sc aprob6 aver por ell Con-
greso, dandose a entender en-
Ell Senado que seria sometida
a la prueba de los tribunales.
Entrara la ley en- efecto a
los 12O dfas despues de que
Ell Presidente la haya firmado'
Tiene ell Presidente faculta-
DIS para nombrar inmdiatamen
tie I'm administrator que ten
dra amplios poderes para in
terpretar la ley y dar instruc-
clones a Jos Comites de patro-
nos, obreros y ciudadanos pri.
vads que sean creados.
Ell administrator tendra SD
despacho en- la Secretaria de-
Trabajo, por 10 que no habra
necesidad de aumentar gran
demente ell n1mero de emplea
dos pdblicos.
En- Ell primer ano Ell minimo
sera de 25 centavos, avanzan-
do despues a 80 centavos. FL
Comite fijara despues ell mini
mo para los otros cinco amos,
Y despues sera ell minimo de
40 centavos por bora.
La semana de trabajo, en- el
primer ano, sera de "A horas,
az ell segundo Y DO despues.
con tempo y medic por ell ira
bajo extraordinario. Los ira
bajadores en- las industries
que no operan mas de IA Sc.
manas al aho, podran ser en-
pleados a raz6n de Sc horas
por semana, sin paga de item
pc y medic.
La gaceta., 1938-06-15
Ell NEGRO EN- Ell
A A
Cursillo iniciado ell 8 de Mayo
en- Ell teatro "Prado"
Pr6logo por Fernando Ortiz
Ii

Pero fue en- ell teatro donde
ell negro tuNo mas relieve Y
mas personal y propio triunfO.
BESIDE Lope de Rueda Y Gil
Vicente hasta ell siglo XIX no
hay una eipoca espanoia sin
p~ersonajes negros en- sus esce-
narios. Sin duda, ell mas negro
flo de los comedi0grafos fue
Fray Lope de Vega, aquei fe-
nomenal poeta G1e llev0 a su
teatro con cristiana simpatia
a negros santos y a negritos
socarrones, a negros bozales y
hasta a mulatas sandungue-
ras en- quienes Ell enamorado
clerigo encontr6 quizas una de
sus amantes mas queridas y ad
miro su carne de color de pasta
de membrillo que es decir con
metafora de Lope, como en- Gu
ba diriamos, su "carne de ca
nela" o su "carne guayab1a".
Pero ell negro y Ell mulato fue-
ron en- ell teatro espanol algo
mas que figuras de la trama;
tambien fueron actores Y fue-
ron a~utores, aportando a esa
epoea gloriosa del teatro de
Rspana alguna de sus formas
mas tipicas, como son la moi.
ganga y Ell bulul1 y acaso al
guna otra; todas elias, olga.
moslo de una veg creaciones
esencialmente negras, lpor sus
nombres, su contenido y su es-
tito, transpostciones castella-
mas del teatro primitive de A
frica, que los artistas mulatos
heredaron de sus antepasados
negros y Transportation por la
ingenuidad de su arte histri6.
nico al lenguaje de sus ante
pasados blancos y al teatro es-
panol.
Aun cuando 10 niegue la igno-
r'ancia presuntuosa, TODD un cur
sillo puede darse sobre este tie
mario abandono " descono-
cido: Ell negro en- Ell teGtro CID
sico espaHOl. Celebremos hoy la
aperture de curse, con una
conferencia Y unas presentacio-
mes de ensayo. Para clio tene-
mos la suerte de contar con la
valia, la erudici6n especializada
Y los entusiasmos artfsticos del
bien reputable literato, historia-
dor Y crftico teatral Sr. Rafael
Marquina, a quien tOdos bien
conocemos Y estimamos sin l
favor de una presentation. Y
nos felicitamos tambien de Ia
collaboration generosa de una
compania de actores noveles que
desean ser los primeros en- abrir
trocha en- este campo de la ia
randula que hasta hoy es mon
te cerrado y firme; Y agradece-
mos tambien la cooperation de
una j6ren escen6grafa Guiana
de marcado meribo, la senorita
Carload Ramirez Medina. To-
dos me ruegan que yo os pida
benevolencia para ellos, que en-
piezsn ahora una aventura de
La gaceta., 1938-06-15
Sc HA PUESTO A MCCALL
UNA VIGILANCIA ESPE-
CIAL

Miami, JUNO 15.-Una guar
dia especial Sc lie puso hoy al a.
sesino y secuestradOr Mccall,
cuando sc lie llev6 a la corte para
un iuicio sobre las evidencias
presentadas.
Centenares de personas sc a.
gruparon en- los corredores v la
policIa registr6 a todos los que
enltraron. Dos policias registra-
ban a los hombres Y dos "matro
mas a la smujeres. A varias de
las mujeres les hicieron guitar
Sc el sombrero y mostrar el in
terror de sus carteras.
I'm ito de la vfctima Sc halla-
ia entire los espectadores. Nc
Call vest1a una camiza azul y
traje y corbate girls. Su ito, ell
Rev. Mccall, y un hermano, lie
dieron la mano. Ell fiscal Wor-
ley entr6 acompanado por una
enfermera, por seguir enfermo,
Tiene a su cargo la defensa
del criminal, por nombramiento
de la corte, Ell letrado Jack Ke-
hoe.
Ell primero EN- declarar 10 fut
ell padre del niio.
Dijo que vic a Mccall Ia no
che del secuestro de SUI hijoi
cuando entr6 a preguntar la
hora.
Mccall pedira que I'm alienis
ia lie examina y no Sc sabe 81 re
currira a la defensa de la locu.
ma.
La gaceta., 1938-06-15
Ell NEGRO EN- Ell TEATRO
A ANTES DE
LOPE DE VEGA
c~onferencia por
Rafael MGrquand

Estamos aQuf, dice MarQuina,
para realiaZr un expermento
que acaSo sc intenta por prime
ra vez, un tema inedito. AIDE
mas, sc desea saber como Sc
conduce, en- la maraWlla del pri
mer descubrimiento, un esprit
tu eurioso, aprendiz y avido, sin
Ell bagaje de la erudiai6n nj la
responsibilities, Sc pretende
dar tan solo la "emoci6n' del te-
ma, para que posteriormente la
alquimia dascubra Pa reacci6n
de interes y de curiosidad fren-
tie al precipitado de las viejas
esencias en- la retorta de la SEN
siibilidad nueva.
No hay, pues, nj en- la EXPOSE
ci6n, nj en- ell exposition, nj en- 10
expuesto otro designio CUE no
sea ell entertainments c~oni5eElido
en- los limites de este sencillo ex-
perimento
Els de notar que, para recla-
mar un prestigio Ell la e9cena
espanola, lie asiste al ncaro TN
derecho de abo.engo. FL la lite
ratlura escenica espanoLa, Ell ne
gro alienta desde ell primer ca
pItulo. Y aun antics de este pri-
mer capitulo, Todawia ell teatro
no habfa nacido, y va 81 "esta-
ba ALI" Basta recordar, en- efec-
to, que en- la que Sc considera
hasta hoy como la obra mas an
tigua del teatro espanol, culya
, vetustez sc remonta, NADIA me-
nos, que al siglo XIII uno de los
personajes con mas vigor sub
rayado resulta ser un negro. Sc
trata del "Aucto de los Reyes
Magos" que, por modo incom-
pleto, fue descubierto, a finales
La gaceta., 1938-06-15
MARIDO Y MUJER DECAPI.
TADOS POR ESPIONAJE

Berlin, JUNO 15.-Fueron
hoy decapitados por espiona-
je, en- la prisi6n de Pletzensee,
George Schiwitzer y su mujer
Ana. Los dos fueron declara-
dos culpables ell pasado no.
viembre del delito de "estar
al servicio del espionaje de u
ma naci6n extranjera", en- un
periodic mayor de dos amos.
La gaceta., 1938-06-15
NCIALES
(Viene de la SAL

Fueron testigos, de la core
monia Ell DIR. Peter Cimino, ell
conocido Pharmaceutical, y la Srta
Hilda Perez. Actu6 el notario
Candida Perez.
Pasaran en- Silver Springs los
primeros dias de SD lurSa de
miel. Eterna dicha les desea-
mos.
La gaceta., 1938-06-15
Centre Espa6ol
Expression de Grdtitud

ETpT6SIOU ue OTUCttUU
La Junta DirectiNa de esta
Sociedad, en- su reunion men,
suual, celebHada anoche, acord6
darle las mas expresivas gracias
a la A. Greco Floral Co., por su
bondad al no cobrar NADIA por el
Asplendido servicio fAoraA con
que adorn6 la Clinica La Bene-
FLEA para su apertura ,el Vier-
mes 8 del corriente. Gracias.
La gaceta., 1938-06-15
ala Sonora"

LA Sonora"
En- la Verbena del Centric AS
turiano tocara ell sabado ia
Sonora, no "Los Bohemios"
como decimos en- otro lugar por
error de Braulio Alfonso.
La gaceta., 1938-06-15
Ot7u Boda

Otra boda del sabado mtimo
Maximina Trelles y John Ma
son, los dos muy conocidos en-
esta sociedad
Candida Perez actu6 en- la &C.
remonia, obteniendo las firmas
de los testigos.
Residiran en- eSta ciudad.
La gaceta., 1938-06-15
~ vida. Yo os la pido para e.

su vida. Yo os la pido para e.
Hos y para mi. Ellos, yo y voso-
tros mismos, todos sornos estu-
diantes por ensehanza Ebre de
esta 1ueva asignatura hispano-
cubana Ell negro en- Ell tedtro. ST
fracasamos ahora, en- Mayo, por
falta de preparation, cite los sa-
bichosos catedraticos nos desa-
prueben 81 quieren y nos decla-
rem suspenSos... psro noSotros,
de todas maneras, volveremos
en- ~Septiembre que es cuando Sc
obtienen los grades con, mayor
facilidad.
Evening star., 1938-04-19
WILLIAM c. MORRILL,, As,
G. A. o. AUDITOR, DIES
Heart Attack Fatal to Native of
Georgia-Funeral Rites
Scheduled Tomorrow,

William Cyrus Morrill,, As, an audi
tor for the General Accounting Office,
died yesterday of a heart attack at
his home, 1889 Harvard street NV.
A native of Macon, Ga, Mr.. Morrill,
was graduated from the Georgia Mill
tary Academy and attended college in
Auburn, Ala. Prior to working for the
General Accounting Office he had been
auditor for the Agricultural Adjust
ment Administration and the Ameri-
can Red Cross. At one time he served
in the Coast Artillery, United States
Army. He had lived here about 10
years
Surviving are his widow, Mrs. Vir-
ginia Poland Morrill,; two daughters,
Mrs. Howard Hill and Miss Leila Char
lotte Morrill,, and two sons, William c.,
jr, and Charles Alfred Morrill,, all of
this city, and four sisters, Mrs. Arthur
Pepin, sr., this city; Mrs. John Wald,
Miss Florence Morrill, and Miss Mamie
Morrill,, all of Macon.
Funeral services will be held at 1870
pm. tomorrow in Hines funeral home,
290l Fourteenth street NV. Burial
will be in Arlington National Gene
terry.
Evening star., 1938-04-19
COL. JOHN H. READ
DIES IN HOSPITAL
Spanish.American War Veteran
Served in Washington With
General Staff.

Col. John H. Read, IS, u. S. A., re-
tired, veteran of the Spanish Amer
ican and World Wars. died yesterday
in Walter Reed Hospital.
A native of Honeyville, Va, Col
Read began his military service as an
enlisted man shortly before the out
break of the Spanish American War.
He served through the various enlisted
grades and in April. 1901. was COM
missioned a second lieutenant of cav
airy. During part of the World War
he served as major of infantry and
later as a lieutenant colonel in the
National Army. He was transferred
to the Ordnance Department in Au-
gust, 1920; was promoted to colonel in
April, 1882, and retired September 30,
1884. He had'been patient at Walter
Reed Hospital since April 9.
Col Read was on duty here from
December 80, 1918, to April 81, 1919,
in the purchase. storage and traffic
division of the General Staff.
His widow. Mrs. Marguerite B. Read,
lives in Baltimore, War Department
records indicate.
Funeral services will be held at 3
pm. tomorrow in the Fort Myer
Chapel. The Rev Dr. F. Bland Tucker
will officiate. Burial will be in Ar
lington National Cemetery with full
military honors.
Evening star., 1938-04-19
MRS. M'NE|LL DIES
IN NORTH CAROLINA
Widow Of Former D. c. ATTORNEY
to Be Buried Tomorrow in
GlenWood Cemetery.

Mrs. Gertrude Mcneil, widow of
James w. McNeill former Washing
ton attorney, died yesterday at the
home of her son. Dr. James H. Nc
Nelll, in North Wilkesboro. N. c., ac-
cording to word received here. Fu-
neral services were scheduled to be
held today in North Wilkesboro. Burial
will be here at II am. tomorrow in
Glenwood Cemetery, beside her hus-
band
Mrs. Mcneil, native of Raleigh,
N. c.. formerly lived in Washington
about 20 years and returned to North
Carolina following the death of her
husband several years ago While here
she was a member of the Women's
City Club. the Congressional Country
Club, the Twentieth Century Club and
the North Carolina State Society.
The late Mr.. Mcneil was a brother of
Robert H. McNeill, 1912 Garfield street
NV, an attorney. with whom he was
associated in law practice here.
Besides her son, Mrs. Mcneil leaves
two sisters, Mrs. Charles F. Gold.
Rutherfordton. N. c., and Mrs. Emma
j. Cuttings, Raleigh, and two brothers.
Thomas and Harvey Johnson, both of
Raleigh.
Evening star., 1938-04-19
1n Mrn1nrtdt1t .

BARBOUR. WILLIAM H. Tribute of
SIf T. me eHqIy q ny wbo
lbs 1a. 1915. a!s n''een years ago '0oaS' ADr'l
Peaceful Be. thy rest. dear father.
In life l loved YOU dearly.
In death l do the same.
But some sweet dav we'll meet again.
Eevond the toll and strife.
And clasp each others hand once more
HIS DEVOTED son, RALPH.
BENDER. MARGARET wEGE. In low
sTandmother. MARGARET wEGE BENDtR
who departed this life April 10. 1881
LovING sons AND Nd GRANDCHILDREN. {.
COLLINS. EDWARD P. In sad but low
g and or S
who departed this life one year ago today
April 10. 1887.
You suffered hours. yes, hours of pain.
To-, To wait rand for oroc cure but but all in vain
He called YOU home to give you rest,
The blow was hard. the shock severe.
We never thought your death so near.
Our hearts still ache with sadness.
GO Our 1r,w eyes o she'd many ny tear; ar,
HIS DEVoTED W fIa q WIFE PT! AND isH CHILDREN
cox. WILLIAM D. In sad but loving
memory men Of our dear husband and father
vo yes5 aso d coX oay who hp dpatfd g ass this life
The month of April again is here,
To us the saddest of the. year.
Because two years ago today
Our deaT wife ap tsf5
Denny; IDA. tribu.s to I2,;,ln the memory
EEES 1;fS sTsE PEnsY As; FRYE y 'fi lucille
EaLIs; BENJAMIN ssarsd to s,th TIE mem- n
who departed this life two years ago today.
April 10. 1886.
You crossed the aging sea of time.
7hs But LETT hi,on. me in the storm; roll
BY faith I am sailing. on
With only one last hope in view.
:. And this 1 know is true
You never can return to me.
But I can come to you.
And when tine storms Of life have ceased
And the. mist has rolled away.
I'll fold this earthly tent of clay
ATS sst TR4 s8mf WIFE sWss9 HNNs fs ELLIS
HARRIS. LOUISE A tribute of love to
the memory Of our dear mother. LOUISE
HARRIS. who departed this life five years
ago today. April 10. 1893.
Loving thoughts true and tender.
Just to show that We still remember.
As long as life and memory last we will
remember thee.
HER LOVING DAUGHTER AND SON-IN-
LAW. MIR. AND MRS. j. r. DICKENS.
ROBERTSON, CLARENCE. In sad but
loving remembrance of our dear husband
and father. CLARENCE ROBERTSON who
ia ssed away four years ago today. April
10. 1884
I was. sitting at your bedside
And saw your life depart
And when knew you had gone
1t almost broke my heart
Peacefully sleeping. resting at last.
Life's weary trials and suffering past
In silence you suffered. in patience you bore.
Until God called you home to suffer no more.
HIS LOVING WIFE AND CHILDREN.
WASHINGTON. SARAH BANKS. In
BANKS wAsHiNGToN. who o'ier DEPARTED this
life one year ago today. April 10 1887.
You had smile for every one.
A heart as pure as gold.
For those who knew YOU loved you.
God saw the road was getting rough.
The hills were hard to climb:
He gently closed your loving eyes
And Whispered; "Peace be thine
ERT BANKS.
WEBB, JOHN W. A sacred memory
and father. JOHN ' W. r. WEBB. We Ia who dted
eighteen years ago today. April 10; 1870. y.
Evening star., 1938-04-19
'STER|L|zED' GOLD
FUND CLOSED OUT.
Secretary Denies Treasury
to Abandon Principle
of Segregation.
By the Associated Press

B! the Associated Press.
The Treasury abolished today the
inactive gold fund" created Decem-
ber "a, 1885, to stem imitation effect
of huge imports of foreign gold.
The fund already was empty be-
cause President Roosevelt last week
ordered the $l,l82,0 100000 worth of
gold in the sterile" account used for
currency to help pay the cost of his
new spending program and to expand
the supply Of bank credit available to
business.
Secretary of the Treasury Morgen-
thau explained the Treasury was aban-
doning any commitment to sterilize
gold, but specifically denied he was
abandoning the principle of steriliza-
tion-the process Of segregating gold
and paying for it with borrowed money,
which prevents the influx of metal
from adding to bank funds.
The Treasury may, if the need
arises, Mr.. Morgenthau added, sterilize
gold imports by storing them in the
Treasury's general fund or in its
s2,000.000,000 stabilization fund. At
first the Treasury sterilized all in
coming gold and this year proposed to
sterilize any gold acquired in excess
of slo00O0,000 per quarter year. Both
these schedules have been withdrawn.
Tide Is Stemmed.
To the extent that incoming gold is
cfnrjli1ol ,t,in
able funds of the banks but will not
affect Treasury finances because the
metal would be paid for with cur
rency issued upon the gold. Last year
the gold inflow got as high as S6O,0OO,-
900 a week, but, except for one
S53 100000 week, the tide recently has
been only few millions per week. In
the first three months of the year the
Treasury's gold purchases totaled
slo0,o0O,0OO.
Secretary Morgenthau announced
last night. however. that the Treasury
might return to partial sterilization
should there be any sudden rush of
gold to the United States from abroad.
Because of market holidays, there
has not yet been a clear-cut reaction
in foreign capitals to this country's
new gold policy.
If foreigners should suddenly with
draw their funds from the United
States def1ationary effect would be
forthcoming. 1t was intimated the
Treasury would like to have a fund
of gold on hand to offset such a con-
tingency.
Fund Is Initial Purchase,
The Treasury apparently would
sterilize only part of any incoming
gold. Secretary Morgenthau said this
could be placed in the general fund
or in the 100000 900 stabilization
fund.
The stabliza ton fund is the initial
purchaser of foreign metal and can
hoard it without reducing the cash
held on hand to meet day-to-day
Government expenses
Secretary Morgenthau made plain
that he was not committing himself
to any one policy. that developments
would govern the Treasury as specific
needs arose.