davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-07-03

finally resulted in agreement, Congress
co-operated in speeding the amend
ments, and both local and Federal
agencies promised to expedite the
program.
Developments of the past week, during
which the local authority asked for more
than $18,000,000 for a specified list Of
projects and was allowed $4,000, 900,
may be considered a long step in re-
deeming that promise. The next step,
of course, will be for the local organ
isation actually to start the work.
In submitting their program to the
U. 8. H. A., the District authority made
1t clear that 1t hopes to devote a major
portion Of the funds to constructing low
rent housing facilities in outlying Sec
tions Of the District.
The wisdom of attempting to lessen
congestion by locating such projects as
these in outlying sections Is obvious,
particularly If the A. D. A. is sufficiently
careful and fortunate to obtain the
necessary land at reasonably low prices.
Failure in the latter respect would, of
course, be an insurmountable handi-
cap to efforts to construct dwellings
at cost within the low-rent classifi-
cation.
Evening star., 1938-07-03

cials are acutely panied by the far from
subtle methods of the w. p. A. ofdcials
A few simple figures provide them with
all they need to know. These figures
show that by the time November rolls
around at least 100000 farmers will
have received Government checks, at
least 3,000,000 w. P. A. workers will be
receiving checks, there will be more than
$780, 900 families on local relief who look
to Government for living and another
100000 will be receiving social security
benefits Of one kind or another. Before
voting time, too, hundreds Of thousands
Of workers will be affected by the new
wage-and-hour controls
These officials know that those who get
checks often viii conclude that the oppo-
nents Of those who have voted to give
them checks will want to take those
checks away. This is regarded q . sum-
cient incentive to get out the vote.
Then. II to that fact Is added the
prospect that business is going to i'm
prove substantially, there appears to be
a solid foundation for the Presidents
present optimism.
toopyrashA 1pssJ
Evening star., 1938-07-03
sAWAY FROM REVOLUTION
BY THE RIGHT REV. JAMES FREEMAN d. d, IL d. D. c. L.
BISHOP OF WASHINGTON.

OF the many remarkable articles that
came from the pen Of the late President
Wilson was one that he wrote but .
short time before his death. 1t appeared
in August, 1923. He died the following
February. The title Of this remarkable
article was: 1.-THE Road Away From Rev.
olution" AS the mature conviction OF
singularly ripe mind 1t has greater peril
nence today than when he wrote 1t.
In one of its passages he says: "Democ-
racy has not yet made the world safe
against irrational revolution. That su-
preme task, which is nothing less than
the salvation of civilization, now faces
democracy. insistent, imperative"
The article reaches a striking climax
in the following: 1.-The sum of the whole
matter is this that our civilization can
not survive materially unless it be re-
deemed spiritually. 1t can be saved only
by becoming permeated with the spirit
of Christ and being made free and happy
by the practices which. spring out Of that
spirit. Only thus can discomfort be
driven out and all the shadows lifted
from the road ahead"
After long reflection upon the growing
ills that were afhicting the nations of
the world, Our own included, Mr. Wilson
in those closing days of his life saw but
one light on the road ahead, and that
was by the fuller and finer recognition of
the teachings Of Christ as applied to
human needs and human problems. In
the repeated conversations I had with
him during those memorable days, was
profoundly moved by his fine and prac-
tical appraisal of spiritual values and
their relation to mans problems. It
seemed to me that, as the end ap-
preached. his vision became clearer than
it had ever been, and his capacity to
evaluate the real values of life more accu-
rate. The counsel he gave me has endur-
ing value. His passion for world peace
grew with intensity and he could see it
realized only as the result OF a world
spiritually redeemed"
Evening star., 1938-07-03
New Exchange President.

William McChesney Martin, jr., re-
Gently chosen first salaried president of
the New York Stock Exchange, is only
thirty-one years Of age, but his election
has been applauded by his seniors
everywhere in the world of business.
Something timeless distinguishes his
personality. Perhaps he possesses an old
head on young shoulders It certainly
is plainly manifest that he is not callow
Those who know him intimately say
that Mr.. Martin is a genius, while the
public at large has been impressed by
the scope Of his knowledge and the
elevation Of his ideals. THE time is
coming" he has declared, when stock
trading will be regarded not as a busi-
ness but as profession" AS chairman
of the Board of Governors he had much
to do with writing the amendments to
the constitution of the Exchange which
transformed "a private club" into an in
stitution of service for the whole people
of the Nation.
Under different conditions, a reformer
probably would not have been considered
for so important a position. The pres
ent period, however, is one in which
constructive changes are definitely
wanted. Mr.. Martin, therefore, was an
obvious choice. He was qualified for
the work by natural talents, experience
and an honorable ambition. Confidence
in the Exchange already has been inn
proved by his designation to its man
agement.
Evening star., 1938-07-03
New Legal Requirements.

The decision of the Court of Appeals
10 promulgate its own requirements for
admission to the bar here, which must
have come as sharp surprise to local
attorneys, is certain to. have profound
effect on the city's law schools.
The requirements adopted by the ap-
peliate court are more drastic than those
recently approved by the District Bar
Association. BY an almost unanimous
vote, the association recommended that
the prelegal requirements be raised to
require two years of study in a recog-
nised college. but adopted an alternative
provision that an applicant for admission
to the bar might be accepted If he could
dsmonstrate to committee of the
United States District Court that he had
the educational equivalent Of two years
Of college work.
That alternative was recommended on
the theory that merely attending college
for two years and passing the required
work did not necessarily better equip a
young man for the practice of Jaw, and
that the door should not be closed en-
treay to would-be lawyers who had ac-
Quired the equivalent Of the college work
On their own initiative.
The rule announced by the appellate
Evening star., 1938-07-03

One is compelled to wonder in these
momentous days whether those who have
been seers and prophets, made SO by
their more intimate knowledge Of Amer
ican ways and American institutions, are
TO be needed. Apart from the many
speeches and superficial observations we
are hearing from false prophets, and
apart from our own conceits and preju-
dices, 1t is refreshing to hear from the
lips OF those who have deeply pondered
over the confused ways of life their
mature. deliberate and unchanging con-
victions.
Not alone from Christian pulpits nor
again from the seats of learning have we
been solemnly counseled that the ways
and teachings Of the Man of Nazareth
have immediate and practical applica-
tlon to the problems that confuse and
distract us. To the mind of Mr.. Wilson
1t was question of saving the remnants
OF Christian civilization. He saw with
unerring eye drifts and tendencies that
were carrying us away from our old foot
lngs He appraised at its full worth our
material wealth and seeming prosperity.
but he was convinced that both wealth
and prosperity were alone conditioned by
the recognition of moral and spiritual
values; that we could be saved only bv
becoming permeated with the spirit of
Christ and being made free and happy
oy the practices which spring out of that
spirit"
This Is something for statesmen and
economists to ponder over in these crit
ical days. 1t is an admonition to be
heard and needed in every home and in
every place where men and women fore
gather. 1t is a deeply significant fact
tnat many OF our most outstanding men
IN puoilc lie have come more and more
10 realize that spiritual and material
values are intimately and vitally related
We recall that an English writer said
some years ago that it may be that we
shall have to look to strong men in secu-
lar life for authoritative pronouncements
that will bring us back again to Christs
ways and Christs teachings.
Evening star., 1938-07-03

court would, as generally interpreted,
eliminate the alternative entirely after
next year, and probably would have the
effect of requiring four years OF night
school work for the student who has
completed two years Of college work.
Whether the night law schools in the
city will be able to survive under the
Court of Appeals rule remains to be
seen but it seer1s obvious that the new
requirements will, in effect, close the
legal field to a large proportion of the
class Of young men and women who in
the past have secured their legal educa-
ton in those institutions.
Evening star., 1938-07-03
They Like the Job.

There seems to be fascination about
the Maryland governorship that affects
Democrats and Republicans alike.
The late Gov. Ritchie, ardent Demo-
crat, liked the job so well that he upset
all precedents by holding it fifteen years
and relinquishing it only through defeat
at the polls.
Now his successor, Gov. Nice, Republic
can, is recanting remarks he made four
years ago about wanting to serve only
one term, soft pedaling the popular
G.. o. P. quotati ton from the Maryland
Bill of Rights about long continuance in
office being dangerous to liberty, and Is
seeking reelection.
Like all accomplished politicians, Gov.
Nice explains his right-about- on
the reelection question with the great
est of ease. In the first place members of
his own party entreated him again to be-
come their standard bearer. Then he
claimed that the benefits" begun under
his administration can only be carried
out to their fullest extent If he remains
in Office.
In the broadcast speech reviewing his
official achievements and announcing
his candidacy, Mr. Nice also went to great
pains to explain another matter on which
he spoke at length in 1884, the popular
81 auto tag plank in his platform His
failure to give the Free State motorists
50 tags was caused by Misrepresentation
of the previous administration concern
ing the States fiscal condition, Gov.
Nice claims.
Although he is disappointed over the
81 tag issue, Mr.. Nice points with pride
to the Executive Mansion, which he re-
modelled so we'll that the Democrats are
falling over themselves trying to get
into it.
BY nature friendly Maryland's Gov
ernor probably has increased in political
stature since he left the comparatively
obscure vocation of practicing criminal
law to defy and defeat the Ritchie ma
chine. He overestimated his growth two
years ago when he exhibited rather
too-receptive mood toward the Republic
can vice presidential nomination But he
may be able to repeat his 1884 victory in
Maryland, particularly as the Demo-
cratic party is almost certain to suffer
post-primary wounds as a result of its
six-way gubernatorial contest.
Gov. Nices first hurdle, however, will
be to overcome opposition within his
own party, for several months ago q
Republican State Senator began cam
paigning for the gubernatorial nomina-
ton.
Mr.. Nices entry into the campaign will
make things all the more interesting,
however, especially if he thinks up an
other popular issue like 50 tags.
Evening star., 1938-07-03
Redeeming a Promise.

The speed with which local and Fed
eral officials co-operated in getting a
$l5.000,000 allotment for slum clearance
and low-rent housing projects In the
District is extremely gratifying.
District participation in the funds OF
the United States Housing Authority
was delayed several weeks in the late
spring while local and Federal oficials
disagreed over some necessary amend
ments to the Alley Dwelling Authority
Act. Intervention Of the White House
Evening star., 1938-07-03
Shooting Stars.
~ PHILANDER JOHNSON.

Dear Teacher.
Oh, teacher, dear teacher! You call me
to know
Some wonderful things you are willing
to show.
know you'll respond if venture to seek
Some phrases translated from Latin or
Greek.
know you can tell me the secret Of
charm
In moment Of Joy or state Of alarm;
I know that your skill you can use with
will
My being With new information to fill.
Oh, teacher, dear teacher! Permit me
to pause
With hands poised already to give you
applause.
Your wisdom is great, or at least may
guess,
That in practical matters my own is
much less.
Evening star., 1938-07-03
Holiday.
I'm going ON a holiday.
I hope to demonstrate

hON08ys
I'm going ON q holiday.
hope to demonstrate
That safely can get away
From perils that are great.
All fervently hope shall,
When I have ceased to roam,
Arrive, not at a hospital,
But just at Home. Sweet Home"
I'VE learn to change money" said Hi
Ho, the sage of Chinatown, but as we
do so We are never sure whether We are
Transforming 1t into faithful friend or
q bitter enemy"
Philanthropist.
do you sympathise with Henry
Ford?"
mot at all. It is said that he COM
piled joke book of his own and has
enabled . passenger to say something
invariably cheerful to the policeman who
considers 1t his duty to arrest him."
Opposite Sources.
Oh. Music, when 1 Heavenly thought
You would express with wondrous
grace,
Why must you now and then be caught
With noise made in the other placel
" has read de Good Book vii care"
said Uncle Eben. "and rs always happy to
find dat de most cheerful parts Of 1t y
Do easiest to understand"
Evening star., 1938-07-03

Swing music, according to the radio
networks, is scheduled for only one
third Of available program time; but
that circumstance does not alter the
fact that it still is too noisy.
Evening star., 1938-07-03

Army planes are being navigated
home" to any given place by an instru
ment tuned in on the local commercial
radio stations. Tuned in on, say, Benny
Goodman's modern rhythms, it pre-
sumably will be case of Swing low, fleet
chariot as the flying fortresses land.
Evening star., 1938-07-03

Hot weather reminds certain lovers
OF English prose OF Sydney Smiths
famous remark: 1T is so very warm
that I wish could take of my flesh
and sit in my bones"
Evening star., 1938-07-03

What looks like an argument between
Hitler and Mussolini is attracting ear
nest attention. The questions which
arise are not limited to the precise sig
nificance of the swastika.
Evening star., 1938-07-03

Efforts are still being made to reprove
the Mayor of Jersey City for some of his
political expressions. They have at
tracted almost as much attention along
the coast as the summer resort ads.
Evening star., 1938-07-03

No nation is willing to be known as a
bad neighbor," but each is determined
to wait for all the others to set better
example.
Evening star., 1938-07-03

Cool days in summer now and then
are relished by the best of men. But
1t is remarkable how many pretty girls
are hankering to get sunburned.
Evening star., 1938-07-03

Avoiding Argument.
Are you going out Of the city for the
week end?"
NO" answered Senator Sorghum.
I'm going to stay at home and listen to
my radio Even II think the other fell
low is all wrong, won't be able to talk
back"
Evening star., 1938-07-03
Forecasting the Weather.

From ths Pittsburgh Post-oaxette.
Weather forecasts are arrived at scien-
tncally, nener based On picnic dates.
Evening star., 1938-07-03
Member of the Associated Press

The Associated Press Is exclusively entitled to
the for republication Of all news dispatches
credited to it or not otherwise credited in this
paper and also the local news published herein.
All rights of publication of special dispatches
herein also are reserved
Evening star., 1938-07-03
Jersey Eggs.

From the Toledo Blade.
Mayor Hague would have detention
camp where radicals could raise chickens
and produce their own eggs for decora-
tive purposes.
Evening star., 1938-07-03
Rate by Mail-Payable in Advance

All Other States and Canada
Evening star., 1938-07-03
Chs Evening Star Newspaper Company

Main once: Ilth ct. and Pennsylvani1 Ave.
New York once: 110 East 42nd Ct.
Chicago once: 436 North Michigan Ave.
Evening star., 1938-07-03

Delivered by Carrier-City and Suburban
REGULAR Edition
Evening star., 1938-07-03

IN Cne laSC depression.
Now Government spending is to aug
ment those incomes where they have
suffered.
AS matter of fact, the national in
come. now running at the rate of about
$50 900 ,000, 900 year, is more than am
pie to support level Of industrial activ-
ity 10 to Is per cent higher than at pres
ent. The country has been using goods
previously produced, thereby accentuat-
ing the depth of depression. Now that
inventories are lowered industrial activ-
ity, the forecasters say, must move higher.
When to these facts is added the fur
ther fact that the Government is going
to spend very large amounts of money
later this year, the basis for optimism
becomes more clear.
That optimism over the business out
look, in the case of Mr.. Roosevelt, is sup
plemented by optimism over what a ris-
ing flow Of checks can do In the way Of
vote creation. The result is new high
in White House cheer.
It is this political side of the picture
that is getting most of the inside atten-
ton right now.
Oficials are simply bursting with q
desire to remind every individual who
is getting Government check that this
check should be received with gratitude.
This urge is so great that neither Harry
Hopkins nor his chief assistant, Aubrey
williams, have been able to restrain it.
They have let check receivers know that
gratitude should take the form Of vote
for those candidates for Office who sup
port the New Deal that makes the checks
possible In the first place.
Other, less highty oflcials, have taken
1t for granted that check receivers would
vote right" without the necessity Of .
reminder, simply through the working Of
. native intelligence. These other ON
Evening star., 1938-07-03
Wight Final Edition

Nisht Final and Sunday Star----70c per month
Night Final Star---- -- 55c per month
Collection made at the end of each month or
zach week. Orders may be sent by mail or tele-
phone National 5000
Evening star., 1938-07-03

A look at the net revenue of various
state owned and operated systems is
Illuminating. Japan operates II, ,208 miles
OF railway and, in spite of the low rates.
shows net revenue of $4,927 a mile. ac-
cording to the most recent report. This
is the top mark. The Union of South
Africa stands next. She operates l3.45S
miles and shows net income of q 033 a
mile. Then comes Germany with 80 500
miles and showing net revenue of 1915 4
mile. Sweden operates 1869 miles of
state railways and shows net income of
$177 q mile.
These are the only state railways which
are not burdens on taxpayers, but actu-
ally return profit to the treasures.
Australia operates 24,984 miles of rail-
way and shows deficit Of $208 for each
mile. That is for the state operated lines.
There Is another system operated by the
federal government of the common
wealth. 1t runs only 2,145 miles of road
but shows q deficit of $1.072 a mile.
Norway operates 2,265 miles, although
one would scarcely think there would be
that much room between the lakes and
fjords. She loses 1896 a mile> India
makes a remarkable showing in view of
the size OF her system. She operates
$4,000 miles of railway and only loses
$418 q mile
In comparison New Zealand operates
but 1886 miles Of railway but loses
81 1921 per mile. The Dominion OF
Canada runs $3.50 miles Of railway and
loses $3.552 a mile. France beats every
nation for losses. The French state rail-
ways cover only 7,117 miles but In year
they, pile up . deficit Of 5000 mile.
Montana oil and mining journal. [volume] (Great Falls, Mont.) 1931-1953, 1938-09-24
PRODUCING ROYALTIES

~ HERE is a time to buy and time
TO sell in every line of business
and particularly in the oil business.
The measure of success OF any investor
is largely i'm his ability to recognize
the proper time TO buy and the time to
sell, If at all.
1t is a difficult matter, particularly,
to buy producing royalty. 1t is seldom
that we handle producing royalties such
as are commonly handled i'm other pro-
ducing states. The average person wants
to buy producing royalty because he inn
mediately receives returns ON the i'm
vestment, but producing royalties re-
quire much more careful study than the
nOn-producing properties 1t is our ex-
perience that the farmer seldom sells
producing royalty. 1t is the prOfit-taker
who most frequently sells producing roy
alties and he is one who is likely trying
to get the maximum profit Accordingly,
we have to be careful that we do not
find ourselves virtually trading dollars
when we buy.
To make this more clear:
The VALUE of a royalty depends upon
the amount of oil under a given piece
of ground. If there is 100000
worth of oil beneath a tract on which
we own royalty, we know that one per
cent royalty viii yield us $4,000. It
goes without Saying that we would not
pay $4,000 for this one per cent even
il we knew positively that we would re-
ceive that amount i'm return over the
years of production. Money is able to
earn interest, so there is no profit i'm
trading dollars and certainly a loss if
the money does not earn interest
Accordingly, we may get a royalty
that is earning as much as 33 per cent
on the investment. Our first step is to
figure out how much oil the tract must
produce to pay us back our investment
and thereafter a profit. If we are not
careful we may find that OT royalty
must produce MORE than the expected
recovery of the average acre i'm the field,
in order to pay us a profit In that
case, a return of SS per cent per an
mum does not mean good business.
To illustrate one per cent royalty cost
ing $4,000 is earning 3S per cent per am
mum. To pay out, the tract must pro-
duce 100 times $4,000 or 100000 worth
of oil. We examine the history of de-
velOpment of the field and pool and find
that the area is expected to produce
5000 barrels per acre. This tract COW
ers so acres, so we find that ft takes
$3.50 barrels per acre to pay us back
our investment. That leaves as a profit
of only $3.50 ON our fnvestment--
which is not enough. Furthermore, this
tract may produce MORE than 5000 bar
rels and it may produce LESS. II IL
happens to produce less than the field
average we have little margin TO work
on.
1t is apparent why we try 20 get
royalties that viii, in every instance,
assure ms of a return Of our money back
plus a profit of at least 400 per cent,
and in no event less than 500 per cent.
We figure that a return of five-tO-one is
the minimum we need accept.
Accordingly, we buy few producing
Occasionally we find a roy