davidaulloa/AmericanStories huggingface dataset:
Evening star., 1938-01-27
MONTREAL SILVER.

tufes opsnsd 10.33 points up. 1ids: Janu-
ary. 46.0e; March, 44.66: May. A.45:
July. Z4.26.
Evening star., 1938-01-27
Private Building
Awards Advance
Well Above 1897
Bs the Associated Press.

By the Associated Press.
NEW YORK, Jan. 27.-A 40 per
cent gain in private engineering con-
struction awards compared with last
year was recorded today in the weekly
report of Engineering Eews-Record.
Awards, private and public, totaled
$50,749,0 900, compared with SAT, ,669, 900
the previous week and s44,8oO,OOO in
the comparable 1887 week.
Classiflcations compared as follows:
Private $21.1S2, 900 S15,117 900
State, municipal 23, 931 900 2s79i1 900
Feoeral -------- 5.63O,O00 $4,000
Evening star., 1938-01-27
CURB LIST TENDS
TO HIGHER LEVELS
Slow Upward Movement
Dotted With Numerous
Minus Signs.
BY the Associated Press.

NEW YORK, Jan. 27.-Curb mar
ket stocks displayed mild rallying
tendencies today but the slow move
uphill was dotted with numerous
minus signs and sizable number Of
active shares were unchanged at the
start of the final hour.
American Cyanamid B." Eake
Shore Mines, Buckeye Pipeline and
Electric Bond g. Share were among
others gaining minor fractions to more
than q point
Unchanged to lower were Newnont
Mining. Sherwin-Williams Aluminium
Co. and American Gas.
Evening star., 1938-01-27

rIn bankruptcy or recsiysrship Or setns
reorGaniSed under the Bankruptcy Act. Or
securitIeS assumed By such comDantsS.
Rates Of dividends In the foreSotng table
last auartsrly or semi-ennual declaration.
pnleSs otherwise noted. special or extra
dividends are not included.
paid SO far this year. no regular rate.
!Payabls in stock. 9 Pad last year,
9ssh q stock Ascumul.ssG I ,stS ,Hiy'aSna rs
rants. " without warrants. war War.
T1utR,
Evening star., 1938-01-27
-ODD-LOT DEALINGS.
ey the Associated Press.

The Securities Commission reported to-
pdd.lot dealers or specialists on the New
York stock Exchange for January 2o:
0.459 sales. involving 2s1,637 shares.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
LOOK FOR
THIS SIGN

1t identifies all of lis Shell
dealers making this free offer
in Arizona, California, Idaho,
Montana, Nevada, Oregon,
Utah and Washington. Offer
expfrss May 20, 1898; but
we'll 60 on checking your DILL
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
Let's Have None of It i'm America

large majority of the American people VIII see
the Libby theatre last
Sunday Illuminating and carried lesson with that
able picture of what being
Germany under the nazi regime
for the otarian state that pic
ought pictures unnakable terms the
in Germany nothing less than slave
land without
part They told where work what to do Farmers
and they paid certain established prices for
produce Education limited the theory held that too
thing Women urged to bear more babies IN
order they soldiers future that
powerful The individual has
rights shouldn't the be used to produce
fodder
thing liberty speech of the wholly unknown
wish them believe Their
newspapers regarding conditions other parts of the
with the great blessings of their
slavery Labor unions ouawed and the
wages those authority he shall be paid
with administering their
philosophy An energetic propaganda
the United
They
emblem they the naz salute they
ganed along military lines the Germany Their object TO
that enrolled the banner in
this country Such organizations should
be stamped out at
working Germany under Hitler the individual
the individual
the Individual and that the
protect and develop the individual
philosophy liberty such have America
realization how precious thing is
grips the slavery which human beings
dictatorship Let's have of
America.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
The Way of Dictatorship

the world has learned from dictator
himself there
speech and uncenored
Mussoni Stain all of their lesser miaors learned
his Austrian conquest is irritated by
So international
establishing official control of all newspapers What
that only things about
me 10 for you
Up speaks w Of the Pulitzer School of
University lifelong student of
problems duties After pointing out that such treaty WOULD
require American Constitution he adds
that think the foreign
policy should fully explained
control of the printed and spoken
word Germany should know the
conditions noWa ndn not
Hiers plan doubtless Americans United States
America
that they did
different is Voltaire who Il wholly
approve you say the death right
Americans doubtless with their Constitution and
voe rather than Hitler and the senator for down the Hitler
lies dictatorship.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

The Western News Sirculates over 100 papers
each week. and yet you buy advertising in its
columns for
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
Wells Fargo" Film
Tribute to Pioneers

The story of Americas Lifeline
OF Empire" the Wells Fargo Trail.
first highway to connect the East
and Far West forms the dramatic
background for Wells Fargo the
screen romance with Joel McCrea,
Frances Dee ana Bob Burns Which
opens Sunday at the kootenai
theatre
Painted on an heroic canvas,
Wells Fargo traces the history of
the opening of the West from the
time of the discovery of gold at SUIT
ters Mill until tire close of the War
Between the States, with the express
business of Henry Wells and Will
liam Fargo. which has developed in
to todays Railway Express Agency,
forming the background.
For romance the picture follows
the love story of typical Western
family, headed by McCrea and Miss
Dee. who are married at the be-
ginning of the picture. Their for
tunes. closely linked with the ex-
lpansion of the Wells Fargo business
and the winning of the West, form
the main theme of the picture
In producing Wells Fargo" it was
the purpose Of Paramount Pictures
/ to pay tribute to the expressmen
who played such N important part
in the American history These men
were the first on the scene when
gold was discovered in California
to carry news and supplies into re-
mote mining camps, and 'diggings'
and on the return trip to carry out
the gold for shipment to the East
The dangers they encountered, from
Indians, bandits and Nature, sup,
I ply the picture with insplratlnnal ap:
peal and thrills
Wells Fargo & Company wa.
formed in the East but appeared inn
mediately in San Francisco Wher
the cry of gold went up. It's pony
express riders and messengers ane
later, its stageeoaches opened ane
maintained the trails into the Fal
West until the coming of the loco
motive, years after the end Of tht
War Between the States
Bob Burns, who has played moth
ing but comedy in motion pictures
! appears in his first straight roll
in Wells Fargo that of philoso
phical Indian scout who befriend
McCrea when he first comes init
the West to open the trails for thu
Wells Fargo stages.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
ssrxssssssxssssssssssssxssx
TROY NEWS

Girl Scout News.

The Girl Scouts are announcing
this week two interesting events
for the future. First is the Easter
daffodil sale. for which orders are
being taken now. This sale offers
everyone in the community a -splen-
did chance to give friends and fam
lily a lovely inexpensive Easter gift.
The daffodifs are being sold for SIS
a dozen and will be delivered Sat
urday. morning. April IT, Orders
may be placed with any registered
Girl Scout, the captain or committee
women up until April Il.
The 18th of April has been chos-
en- as the date for the public pre-
sentation of the Girl Scout play.
"Jerry's Waodshed Amateur Hour. :
A matinee will be given IN the at
ternoon for the school children and
the regular performance at O'Clock
i in the evening of the same day
The Girl Scouts held their regular
weekly meeting IN the Scout room
i Tuesday evening. During the open
ing program Marilyn Cone told the
girls of her trip to kalispell last
week to hear the famous pianist
] Mr.. Rosenthaul After Patrol meet
i ings the evening was spent in max
ing posters and practicing the play
The meeting was closed with taps
and goodnight songs.
A new Patrol has been organ
lied for the Girl Scouts who live
in country and cannot attenc
the regular troop meetings. Due tc
the distance the girls had to come
to attend the Lone Eagle Patro
meetings at Bull lake last winter. i
became necessary to discontinue tht
meetings. In order that these girl.
and others living In the country =neec
not miss the valuable experience
of meeting and planning their Worl
together the 'Farmerette Patrol
/, was organized. This patrol meet
twice a month, during the moor
hours on Mondays Each girl bring
her lunch to the Scout room where
they all eat together and then holt
a short business meeting followed b,
few minutes for games or plan
ming At the last meeting Rebecc;
Webb presented the patrol with
beautifully made hand-embrioderet
Patrol flag
Re-registration of the troop 70
the new year has just recently beer
completed. Seventeen girls Wer
registered with the troop this time
More girls will be taken into TIL
troop from the waiting list as sool
as they can be cared for.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

Grippe and Mrs. Jim Cobbledick' en-
tertained at round robin party
Tuesday at the home of Mrs. Bert
'Coffman. The guests spent the af-
ternoon playing word games, the
games of touring and bridge. At the
close of the afternoons fun the host
|esses served a delicious lunch.
Mrs. C. NJ Bennett came from
Spokane Tuesday and is visiting al
the Anthony Joy home
Mrs. Edna WOLF of Helena spent
the past week visiting her parents
Mr.. and Mrs. Walter Bissel. Mrs
WOLF returned to Helena on We'd
nesday.
Mr.. and Mrs. G.. 0. Sturm spent
Tuesday visiting in Libby.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
First Great School Survey

The first great school survey was
that of New York city in 1912 Other
cities soon followed. The main pur-
poses were the regulation of school
expenses and examination of school
equipment and organization.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
Sells Many II. S. Bonds.

The following item was received
by the Troy post office and may
be of interest to residents of Troy
Secretary of the Treasury Morgen-
than has announced that the total
maturity value of United States
Savings Bonds sold through the close
of business March I, 1888, has
amounted to S1,584, 462,875. This to-
tai was purchased by more than
100000 investors and represents
an average sale for each business
day since March [, 1885, when these
bonds were first sold of $1,720,375.
Detailed analysis of the daily sale
at each post office throughout the
country authorized to sell savings
bonds was begun on September |,
1896. and for the year ending Au-
gust 81, 1887, showed that there was
maturity value sale of $685., 748,500
or an average sale of 81, l0l 500 for
each business way for the first year
these records were kept.
There are 81 post offices in third
class in Montana. Troy attained
seventh place in third class post
offices in Montana, total Of S24,-
993.75 sales.
Mrs. E. B. Angel and Mrs. Rose
berry entertained at one o'clock
luncheon Thursday the following
guests: Mrs. L. A. Hosea, Mrs Ed
Henrichs, Mrs. Charles Cone, Mrs
Clifford Clay, Mrs. Emma Doonan
and the Reverend Margaret Cliff
ford.
A covered dish dinner was held
Friday evening at the Methodist
church. Wayne Kemper led the
guests in singing pep songs and the
following toasts to spring were CIV
en-. Robins, Mrs. Clifford Clay; Pus-
sywillows, A. L. Dean; Easter Bon
nets, Mrs, Anthony JOY; Ticks, v.
A. Sather; Worms, Miss Ellen
Ovens The monthly covered dish
dinners are greatly enjoyed by those
attending.
Paul Sather returned to Seattle
Friday after spending the spring
vacation with his parents, Mr. and
Mrs. v. A. Sather.
Mrs john Sagen and daughters,
Flora May and Anita, went to White
fish and spent several days visiting
relatives.
Mrs. Charles Cone and daughter
Marylin went to kalispe1l Friday
where they attended the concert
given by the celebrated pianist
Moriz Rosenthal.
Mr.. and Mrs. d. T. FeWkes re
turned Thursday after spending two
months touring the southern states
On the way home they stopped al
Mlssoula and brought their daugh-
tiers, Lura and Rhea,V. home with
them for the weekend Lura> and
Rhea returned to their studies al
the University at Missoula on Sun.
day.
Mr.. and Mrs. Anthony Joy spent
Sunday at Libby as guests of Mr.
and Mrs. Frank Small,
Mrs. c. E. Burns went to Kalis.
pell on Tuesday and returned home
Wednesday,, bringing her little
granddaughter with her
Mrs. VIM. Van Arsdale Of Seattle
is spending few days in Troy visit,
ing friends.
Mr.. and Mrs. George Strom o.
Kellogg, Ida, are visiting in Troy
+ and expect 10 be here for some
time.
Mr. and Mrs. Glen Thorn and Dr.
and Mrs. Judson Forman spent the
week END shopping in Spokane.
The Lumberjack sewing club had
pot luck lunch at the home of Mrs
G. 0. Sturm Thursday and then
spent the afternoon playing bridge
MIR. and Mrs. Tux Bolles went to
Eureka Monday on business.
Mrs. Bert Coffman, Mrs. Bertha
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

You can't cure a disease or con-
dition by ignoring it.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31
Earthworm Has Many Feet

The common earthworm has
more than 1885 feet. Charles OAR
win estimated that in an acre OF
garden soil there are more than
$4,000 of them. In making studies
of their intelligence German pro-
lessor definitely ascertained that
worms actually do MARBLE.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

Incompetence most often springs
from indifference.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

Creative selling doesn't exist You
have to create it.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

It is easier to raise objections than
it is to get busy.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

Home OF Labrador Mink
The real Labrador mink is trapped
In the interior of the Ungava PENN
sula of northern Quebec.
The Western news. [volume] (Libby, Mont.) 1933-current, 1938-03-31

The soundest stock: A stock of
sound common sense.
Evening star., 1938-01-11

total Of oil corporation earnings which
escaped taxation during the seven
years ending In 1929. Think of it.
81 billion dollars! Here is another
rich prize-a prize Of nearly five bill
lion dollars . year which will escape
taxation II Congress repeals this tax.
Keep your mind on this 32-billion-
dollar figure. because In those seven
years Of 1923 to 1929 the corporations
paid out in dividends only six billion
dollars more. This means that during
the 1920s, when there was no New
Deal tax, American corporations paid
out four dollars and retained three
dollars out of every seven dollars of
net profit made.
Could Keep s. Out Of 81.
Not only that, calculation reveals
that American corporations could,
right now, today, under the present
law, retain So out of every 81 profits
as they did in the 20s ky an
average tax payment Of only 1872 per
cent. And also, right now, corpora
tions can retain all their earnings by
paying an average tax of 20.5 per cent,
which Is far, far less than the rate on
large incomes. This is just exactly
what several wealthy family corpora
tions did last year. The Aluminium Co.
of America paid such a tax because 1t
was far cheaper than II it were dis
tributed to the Mellon family. where
the Government would probably take
rs per cent of 1t because the Melons
are in the highest tax brackets.
Now you are told that the undis-
tributed earnings tax is mainly re-
sponsible for the slump, because some
how it prevented corporations from
expanding their plants and equipment.
To my mind this is the lord high
muckity-muck of absurdities and non
sense. Here are some facts: Not
counting the billions Of excess inven-
tory they bought, the American mining
and manufacturing industries spent
IS, ZOO, 600, 900 in 1887 for maintenance
and capital equipment, which was
about as much as they spent on the
average in the 2Os and was only
IS per cent shy Of what was spent in
that peak year Of 1929. Maybe more
would have been spent il We had not
had this tax, but doubt it, because
find on investigation that the plants
which make new machinery were
running "a hours, day shifts last
winter and could not have made any
Evening star., 1938-01-11

ny 3.S billion dollars. How did this
happen? Well. on the downswine
companies used up their inventory
and converted 1t into cash, of course.
In TACT, as you and I know, there was
a rush during the depression to con.
vert everything into cash.
You hear it said time and time
again that American corporations paid
out some mythical sum like ~ billion
dollars more than they took in during
the depression.
This Is all poppy-cock, or I should
say. bookkeeping. It's just not true.
These % billion dollars consisted
for the most part of bookkeeping
Write-downs such as IL billion dollars
Tor depreciation, several more for bad
debts. more billions for losses on
investment. In other words, when
the statement is subjected to critical
analysis, 1t turns out that the non
financial corporations actually took
in more money than they paid out.
But to hear the talk around Wash.
ington you might get to believe that
millions OF men were kept on the
pay roll because some bookkeepers
were charging off depreciation, bad
debts, and losses on investment. Cor
poration surpluses are not cash-most
often surplus is in bricks, mortar and
machinery. Why. General Motors,
when it laid off 10000 men the first
Evening star., 1938-01-11

ter Is that the companies do not ex-
pand their capacity until consumers
are buying so much that orders have
to be delayed In filling them.
I have studied q chart which shows
that over q long period Of years large
orders for extra machinery and new
plants only come after consumers
goods are being produced at a high
rate. and that when the rate Of con-
sumption Is low there is practically no
buying Of machinery. No one should
nave to study charts to know this.
because any one just has to remember
that the plants he knows about never
expanded In hard times.
Reserves and Depressions.
I want to explode another myth by
going to the oficial statistics of the
Treasury Department for my dyna-
mite. I often hear the argument that
corporations should not have un-
distributed earnings taxed because
they need to pile up huge surpluses in
good times in order to pay wages and
dividends during bad times. Now
this would be all well and good II
that was what corporations did during
depressions. Fortunately I have in
formation which shows what hap
pened during the last depression.
Treasury statistics show that from
1929 to 1882 all non-financial corpo-
rations actually increased their COM
bined holdings of cash and investments
Evening star., 1938-01-11

is more. every time the market got
weak, they sold short and beat the
market down further. All that time
the average man who can buy only a
few shares Of stock was buying be-
cause he thought America would not
sell him short.
Now. let me show you the bug under
the chip. When the crash came and
the big ones had unloaded at heavy
profits, they wanted it all. They be-
gan bowling to have taxes repealed
at once last year, 1887, because the
profits of five years had been con-
verted into cash, and the Government
would take a reasonable share II the
law were not repealed.
Don't let them, however much they
put it in the paper, or yell piously
to the top of the blue sky, tell you
different. Don't you remember that
for several years j. P. Morgan and a
lot of other multimillionaires didn't
pay any taxes at all?
have had some very careful esti-
mates made of the amount Of revenue
NAiltlA VIC >IVfCA4llIlCiU ullSAO CAHCIb
if it collected its share of these
profits through taxes. How much,
you say? Well. five hundred to seven
hundred million dollars! There's your
big howl: this money is largely in the
hands of few powerful security
holders and market traders.
Stocks Up-Then Down.
Let me analyze just one transaction
Of fellow in New York who swears
he'll move to England. but won't. be-
cause he will have to pay many more
taxes there. He bought 10000 shares
of Chrysler in 1882 at 81 or So a
share. This stock went up to 1876
last year-where he had a profit of
s7,000.000. of which he could have
kept s5.00o.000 had he sold Now this
paper profit has dwindled to a measly
$3,000,000, and if he sells. all he can
keep is some $2,000,000. This makes
him froth at the mouth about his
Government, even though he never
earned dime Of that profit.
I have another exhibit-tnis fellow
commutes between New York and the
South which he exploits, during which
time he works up rage over the fact
that he has chalked up $l0,000.000 in
paper profit through American Can,
General Motors, and gold mine stocks
he bought back in 1882 and 1888. If
1t hadn't been for the new administra-
ton, he wouldn't have had the money
to buy the chalk-but he's mad, any
how, and says all kinds of things
about the Government stealing" his
money.
Now listen. These fellows put out
some of the weirdest ideas ever thought
up since people believed in spooks ana
Evening star., 1938-01-11

more machinery II they had wanted
TO- Even today many Of them are
running full time with orders way
ahead for machines.
No, my friends. the tax did not
cause the depression by choking of
investment. You know and I know
that We are In q depression because
the mass Of people just did not have
enough money 10 buy all the products
which the American factories made
last year.
The Depreciation Allowance.
I hope you will pay particular at
tention to what I am now about to
say. All the existing American mills,
factories, mines and utilities of all
kinds could replace every bit of pro-
ductive plant and equipment without
using another dollar of undistributed
earnings or borrowing one single dollar
through Wall Street. This Is absolutely
true and there IS not a catch in It..
I'll tell you how this is possible: It's
this thing called depreciation allow
ance"
Before any business figures its in
come for taxation purposes it is per-
mitted to charge of fair amount of
depreciation against the current years
income. This amounts to $4,000, ,000,-
600 a year, and if this were spent
every year, which it isn't, it would keep
all the plants up to a productive ca
pacity higher than our industrial sys-
tenn has ever run since the war. Not
only that, but because of the amazing
chronological gains, the old equipment
could be replaced with equipment that
could produce even more.
My friends, the tragedy does not lie
in whether Kresge, or Hershey, or
Henry Ford, or the MELONS, or the
Guggenheims, are to be permitted to
avoid taxes by leaving profits in their
corporations, or that some machinery
purchases would be prevented, but
that this great American productive
machine Of ours seldom operates at
more than tWo-thirds of its capacity.
and that millions of people suffer
and want because We do not keep the
mills and factories running full time.
This argument which the corpora
tions advance, that they would spend
their money for new machinery If they
did not have to pay it out, Is all wet.
If this were so, why didn't they buy
in 1880, 1881, in 1882, when there was
no tax? The plain truth of the mat