davidaulloa/AmericanStories huggingface dataset:
Evening star., 1939-12-13
Dividend 10 Boost
Public Holdings Of
". R. & f. Stock
North American Has
Had All but 2,803
Common Shares
By EDWARD C. STONE.

In a report on the Washington
Railway & Electric Co., issued by
the North American Co., it is dis
closed that there are only 104 hold
ers of Washington Railway g. Elec-
trio common stock, having 2,803
shares, aside from the stock held by
the parent company. Aside from
North Americans preferred stock
holdings there are 1851 stockholders
having 72,173 shares.
The North American Co. owns
81, 1877 shares, or $3.50 per cent of the
$1,000 shares of the outstanding
common stock, and 1887 shares, or
1909 per cent of the $4,000 shares
Of w. r. & E. preferred stock, the
two holdings constituting 5000 per
cent of the voting stock of the COM
pany, the report states
These ownership facts have been
brought into the limelight following
the recent declaration by the North
American Co. to its stockholders of
a special dividend in the form of
participating certificates in units of
Washington Railway & Electric
common stock, representing one
fortieth of a share of w. r. & E.
common for each so shares of North
American common. This special
dividend means that there will be
a great deal more interest in Wash
tngton Railway & Electric common
stock In the future than there ever
has been in the past.
Dividend Records Striking.
The special dividend gives North
American stockholders an opportu-
nifty to participate directly in its in
vestment in the common stock Of
the Washington Railway g. Electric
Co., officials state.
Other than this statement, they
have given no special reasons for
the unexpected disbursement. One
result, however, is certain to be a
wider distribution of railway COM
mon stock in the future than in the
past. Should other similar divi-
dends be declared later, the stock
will eventually be extensively owned
outside North American circles.
The North American analysis pre-
sents some most interesting infor-
nation on the dividend records Of
the Washington Railway & Electric
Co. The preferred, as all investors
know. always has paid $5 a year.
The record of regular and special
dividends on the common stock over
q period of years is given as follows:
Evening star., 1939-12-13
New York Cotton
BY the Associated Press.

NEW YORK, Dec. 13.-After ad-
vancing as much as $1.50 a bale
today on heavy foreign and spot
house buying, following action Of
markets abroad, cotton futures gave
ground in subsequent dealings
Hedge selling and profit-taking
were attracted by the extreme ad-
vances, but midafternoon prices
held gains of 10 to 81 points; De-
cember, ll.25; January, Ills; July,
1925.
At 2 pm. cotton futures 1923
higher. December, 1923; January,
Ills; March, H. 90; May, 1858; July,
1923; October (new), 9.76.
Evening star., 1939-12-13

Cash Grain.
CHICAGO. Dec. 13 dPi.-No cash wheat.
Corn, No. ] yellow, 56'4-57ls; No. >.
56;56'.; No. 3; 55la-56h: No. 1 white,
Oats, No. mixed. saa.-4O1a; No. 2
white, 4l24; No 3. 41A: No. 4, 39h:
sample grade white, 3sA-3QE
Soy beans. No. yellow, 1.10la-1 .111A:
No 3. 1.O9'4-l.1O17: No. 4, 1.Os17-1 .O9A;
sample grade yellow. .06-1 ora.
Barley. mailing, $3.50, nominal: feed.
33.4s. nominal: sample grade. AZ.
Timothy seed, 3.90-4.l5. nominal.
Red clover. 12 5O-15O0. nominal.
Red TOP. s5O-9OO. nominal.
Alsike. 14OO-17 90. nominal
Alfalfa, 11.50-22.50 so, nominal
Winnipeg Futures.
WINNIPEG. Dec. 13 tFp.-Wheat futures
closed pa to 3 higher. December soia,
May sTA-7a Oats. Va to 11s higher. De-
cember 3sl7, May 3sh.
Baltimore Wheat
BALTIMORE, Dec. 13 tP.-Wheat No.
2 red winter. garlicky, spot, domestic, LOS.
Evening star., 1939-12-13
Regular. Special.
paid to November 80.
Dividend, Bonus Declared.

Directors of the Union Trust Co.,
meeting late yesterday, declared a
dividend of 3 per cent or sl.50 per
share on the outstanding stock,
President Ord Preston announced
today. The dividend is payable
January IS to shareholders of rec
ord December 81.
The directors also voted a special
Christmas bonus, authorizing the
distribution of half months add:-
tional pay to all officers and en-
ployes of the bank. The trust COM
pany is the third bank in the city
to declare a Christmas bonus this
year.
The directors of the Fidelity Stor-
age Co. have declared an extra divi-
dend of 81 per share, payable De-
cember 26 to stockholders of record
on December Is, President David B.
Karrick announced today. This is in
addition to the four regular So divi-
dends declared this year, bringing
the total payments to 50 share.
Hamilton Votes Two Dividends.
Directors of the Hamilton National
Bank have declared the usual semi
annual dividend of so cents per
share, or 212 per cent, on the out
standing capital stock and also an
extra dividend of Is cents per share,
or IA per cent, President Edwin c.
Graham announced today. The par
value of Hamilton stock is $40. Both
dividends are payable on February
/ to stockholders of record jan
uary %.
The directors also authorized the
transfer of $4,000 from undivided
profits to surplus, making total sur
plus now 100000, Mr.. Graham
stated.
Additional compensation for the
year to the entire staff of officers
and employees was also authorized,
the distribution to be made at the
annual Christmas party of the bank
on Thursday evening, December 81,
at the Columbia Country Club.
Boteler Opens Convention.
One hundred and fifty mutual
agents are attending the annual
convention of the Mutual Insurance
Agents Association of Virginia and
the District of Columbia at the John
Marshall Hotel, Richmond, today
and tomorrow. Charles M. Boteler,
secretary of the Mutual Insurance
Agency of this city and president
of the National Association of Mu-
tual Insurance Agents, will preside
as retiring president of the State
meeting. Among the delegates from
this area are c. v. Hyson, Charles
H. Elliott, R. Kelvin Shivers, G
Anderton Burke, Robert Myers and
Philip L. Baldwin.
Heard in Financial District.
Several Washington banks have
already dressed up for Christmas in
a most attractive way, large trees
and brilliant lights presenting q
rare Yuletide atmosphere.
Johnston, Lemon & Co. is sending
out very interesting memorandum
on earnings of the Washington Rail.
way & Electric Co. and the Potomac
Electric Power Co.. prepared since
the North American dividend wa!
declared. Investment dealers report
a host of inquiries regarding w
r. & E. participating certificates.
In an active session of the Wash
ington Stock Exchange today, Capi
tai Traction IS were strong, 81 00
selling at 97s4. Washington Railwa.
g. Electric As figured in $4,000 ant
$1,000 transfers at 108A, up hal
point from the last sale.
Lincoln Service common sold a
1875, Mergenthaler Linotype at 15s
and Potomac Electric Power 512 pc
cent preferred al ll412.
Evening star., 1939-12-13

on the capital stock Of National
Investors Corp. on December % to
stockholders Of record on December
IA. This payment will be approx
imately equal to the cash dividend
income, less expenses and irrespec-
tive Of security profits and losses,
Evening star., 1939-12-13

Money goes a long way when you
send it to The Stars Christmas
Heart Fund. You'll spread the sea-
sons gladness to some one needing
helm.
Evening star., 1939-12-13


In bankruptcy receivership eorgansed under
BANKRUPTCY Act securities assumed bv companies
Rates OF dividend the
ens based on the last quarterly seAnnual
cuded. - ~ ~ -' NV '
xd Ex dividend Ex rights or extras Paid
Payable Declared or paid so far this
clared this ~ -A ~ wv
Evening star., 1939-12-13
for the second half of 1899.

This Accent payment for the Sec
ond half compares with S cents
per share paid for the first half and
brings total payments for the year
to 10 cents, compared with 10 cents
for 1898.
Evening star., 1939-12-13
New Orleans Cotton.

tprss sr.in m.ds NV % b;yh. for ~. ss.son
here today. but full advances Of 81 or
more bale were trimmed by realizing.
At noon the market was to II net higher
December, 11.2a, np IL: January. II .26.
up Is; March. 1O.9a up 10: NAV. 10.64.
up q: July, 1892. uD II; October, e.7s'
up ID.
Evening star., 1939-12-13

National Investors Pays
ID Cents Dividend
Special Dispatch to The Star.
NEW YORK. Dec. ia dividend
Of IL cents per share will be paid
Evening star., 1939-06-20
THE EVENING WASHINGTON c. TUESDAY,

than to preserve the former from
all temptations Of private interests,
and therefore so to direct the pa
tronage OF the latter as not to per-
NIT such temptations to be offered.
Experience abundantly dem on
strates that every precaution in this
respect Is valuable safeguard of
liberty, and one which my reflec-
tions upon the tendencies OF the
system incline me to think should
be made still stronger. 1t was for
this reason that, in connection with
an amendment to the Constitution
removing all intermediate agency in
the choice of the President, I rec
commended some restrictions upon
the re-eligibility of that officer 80
The reason still exists, and re-
new the recommendation with an
increased confidence that its adop-
ton will strengthen those checks
by which the Constitution designed
to secure the independence of each
department of the Government and
promote the healthful and equit-
able administration of all the trusts
which it has created. The agent
most likely to contravene this design
of the Constitution is the Chief
Magistrate. In order, particularly,
that his appointment may as far
as possible be placed beyond the
reach of any improper influences, in
order that he may approach the
solemn responsibilities of the high
est Office in the gift of free people
uncommitted to any other course
than the strict line of constitutional
duty, and that the securities for this
Evening star., 1939-06-20

the practice adopted, I think, is
better, allowing his continuance for
eight years, with a liability to be
dropped at halfway of the term,
making that period of probation.
Though this amendment has not
been made in form. yet practice
seems to have established it. The
example of four Presidents volun-
tarily retiring at the end of their
eighth year, and the progress of
public opinion that the principle is
salutary, have given it in practice
the form Of precedent and usage;
in so much that should a President
consent to be candidate for a third
election, I trust he would be re-
jected on this demonstration of am
bilious views"
Buchanan's Views.
So spoke the patron saint of the
Democratic party. Those who count
themselves disciples of Jefferson will
know what answer to make to the
claim that what seemed so i'm
portant to that great statesman is
political humbug" Let an at
tempt be made, now or ever, to vio-
late this salutary principle and a
vast host of followers of Jefferson
will rise up to reject such demon
stration of ambitious views"
We proceed. In 1929, the year of
Jackson's first Inauguration, James
Buchanan, a member of the House
Evening star., 1939-06-20

vention Of Pennsylvania, during
Grants second administration
adopted a resolution expressing un-
alterable opposition to the election
OF any person to the presidency for
a third term, Grant disclaimed any
desire to run but indicated that he
would accept a nomination If "it
should come under such circum-
stances as to make 1t an imperative
duty--circumstances not likely to
arise" he said. The issue was then
raised in numerous Republican
State conventions.
New York. "* We declare our
unalterable opposition to the election
Of any President for a third term. 4"
Massachusetts,. Sound reason as
well as the wise and unbroken usage
of the Republic requires that the
term Of the Chief Magistrate of the
United States shall not exceed the
second term"
Ohio. "The observance of Wash
ington's example in retiring at the
close of the second presidential term
will be in the future, as it has been
in the past, regarded as a funda-
Evening star., 1939-06-20

through his efforts a definite ira
dition against a third presidential
term had been established. Credit
Is given to Washington for laying
the foundation for that although it
is undoubtedly true that he was not
impressed as was Jefferson with the
danger resulting from the lack of
limitation as to the tenure of office
Of President. However. he did in
sist upon retiring at the end of two
terms. Stress as you may his per-
sonal reasons for unwillingness to
continue longer in Office. His &C
ton, nevertheless, paved the way
for the definite establishment by
Jefferson of tradition against a
third term.
We turn to the letter of Jefferson
to a State Legislature written dur
ing his second term. He removed
every shadow of doubt that he
would consider a third term. His
words in part were:
That l should lay down my
charge at proper period is as much
a duty as to have borne it faith
fully. If some terminal ton to the
services of the Chief Magistrate be
not fixed by the Constitution, or
supplied by practice, his office. NOM
inally four years. will in fact, be-
come for life, and history shows
how easily that degenerates into
an inheritance. Believing that a
representative government, respon-
slble at short periods of election, is
that which produces the greatest
sum of happiness to mankind. I
feel it a duty to do no act which
shall essentially impair that prin-
clple, and I should unwillingly be
the person who, disregarding the
sound precedent set by an illus
trious predecessor, should furnish
the first example of prolongation
beyond a second term of Office"
Before his death jefferson be-
Eeved that the third-term tradi-
ton was as definitely established as
II 1t had been written into the Con-
stltutlon. In his autobiography,
written shortly before his death
during the administration of John
Quincy Adams, he said:
MY wish was that the President
should be elected for seven years
and be ineligible afterward. But
Evening star., 1939-06-20

independence may be rendered as
strong as the nature of power and
the weakness Of its possessor will
admit, I cannot too earnestly in
vite your attention to the propriety
Of promoting such an amendment
Of the Constitution as will render
him ineligible after one term OF
service"
jackson was unwilling that any
person should be eligible for re-
election as President at ali. Those
who now sanction not only one re-
election, but advocate a second, can
not claim to do so under the banner
of democracy raised by Andrew
Jackson. Their course Is a direct
and positive reputation of the
firmly held convictions of Jefferson,
Of Buchanan and of Jackson. Nor
Is that all.
William Henry Harrison announced
that under no circumstances would
be accept second term. He advo-
Gated a constitutional amendment
for single presidential term.
When the Republican State Con-
Evening star., 1939-06-20

from Pennsylvania. and later elected
on the Democratic ticket as Presi-
dent Of the United States, spoke in
opposition to a constitutional
amendment limiting service as
President to a single term. Ex-
planning his views, he said:
'The example of Washington,
which has been followed by Jeffer-
son, Madison and Monroe, has for
ever determined that no President
shall be more than once reelected.
This principle is now as sacred as
if it were written in the Constitu-
tion. would incline to leave it to
the people of the United States,
without incorporating it in the Con-
stitution, to decide whether a Presi-
dent shall serve longer than one
term"
Buchanan was willing to leave it
to the good sense of the people to
determine whether President
should be once reelected. He knew
that there was no danger of going
beyond that because the tradition
against third term had become "as
sacred as If it were written in the
Constitution" I hesitate to draw
what seems the necessary conclu-
sion that in the eyes of those who
now would disregard this tradi-
ton it may be that the Constitu-
ton itself is political humbug."
Andrew Jackson, who perpetuated
Jeffersonian principles, had a con-
spicuous part in making the idea
.of limitation Of the service of the
President basic principle Of the
Democratic party. In his first an
nual message to Congress he rec
commended constitutional amend
ment limiting the tenure of office of
President to a single term of either
four or six years. He made a SINH
lar recommendation in each of his
five succeeding annual messages.
I quote from Jackson's second mes
sage:
1T was leading object with the
trainers of the Constitution to keep
as separate as possible the action of
the legislative and executive branches
of the Government. To secure this
object nothing is more essential
Evening star., 1939-06-20

mental rule in the unwritten law of
the Republic"
The movement for Grants re-
nomination continued to be agi-
tated by some of his friends and
many officeholders. 1t was cut short
when the House of Representatives,
on December Is, 1875. adopted by
the overwhelming vote of 233 to l8
the following RESOLUTION offered by
Representative Springer of Illinois,
Democrat:
Resolved, that, in the opinion of
this House, the precedent established
by Washington and other Presidents
of the United States. in retiring
from the presidential Office after
their second term, has become by
universal concurrence, part of our
La gaceta., 1939-05-20
La Piscina del Parque

La Piscina del PGrque
lie CuScuden
La piscina de nataci6n del par
que de Cuscaden sera inaugural
la en- fecha proxima.
La junta de recreo procura los
fondos para mantenerla alberta
durante cinco meSeS del ano.
Sc pondran jovenes expertos
nadadores para proteger a los
banistaS.
Mucho cuidado Sc tendra en-
no admitir a perSonas que pa
.ezcan infecciones de la piel.
Mantener alberta la piscina
ostara $4,000 al mes; pero con
Il dinero de las toallas, etc, Sc
eembolsara a la ciudad una par
e del dinero.
Nash Higgins, director de la
junta de recreo, Intervene en-
-oS pfeparativos.
Componen la junto, ansiosa
La gaceta., 1939-05-20
LIE QUITARON LA BANDERA
A LA ALDEA GUIANA

New York, mayo 20.-Una
aldea Guiana que desacre-
ditaba a Cuba perdi6 aver la
bandera de Sc pals, con mott
vo de una protesta hecha por
ell Secretario de Agriculture
cubano, Jose Garcia Monies,
en- ell mismo lugar donde con
danzas inmorales Sc venia de.
sacreditando o intentando de-
sacreditar a csc pals. La pro-
tesla habia sido hecha ante la
Comisi6n de la Feria por ell
consul EN- New York, Sr. Pablo
Suarez.
La concession, que explotaba
ell nombre de Cuba, rehuso
Zanzibar los bales y s%urgieron
varios medicines violentos, Tn
fo.6grafo trat6 de f~otografiar
al Sr. Garcia Monies, pero un
ayudante de este, armada, no
10 consinti6.
La gaceta., 1939-05-20
e. Naevo Ratso

Hoy sera inaugurado Ell nue.
vo patio del Circulo Cubano y
al mismo tempo la colonia cuba
ma festejara Ell 20 de mayo.
La fiesta Sc verified bajo los
auspicios de la Seecion Atletica,
pero en- los trabajos de prepara-
ci6n han intervenido todas las
secciones y la d~irectiva.
Cinco oSquestas tocaran, en-
ire elias Don Francisco, La So
nora, La Tropical y Manuel San
chez.
Todas las mesas preparadas
en- Ell patio Sc han vendido. La
primera pieza Sc tocala a las
TO- 80 de la noche y la Ultima a
las $50 de la madrugada, con
ell sol.
Distinguidas personalities
de la colonia latina, autoridades
y periodistas han sido invitados.
Ell alcalde Chancey es uno de
los invitados.
Cesar Rivero Mas repfesen-
tara al Consulate de Cuba.
Ell piso para bailar tiene una
extension de rs pies por So.
Los focos puestos, de alumbra
do indirecto, no molestan la Wis
ia.
La gaceta., 1939-05-20
AAe@se-
MAfsKY INsisTE N Aur
Russia SOLO AcEPTARA
UNA ALBANIA MILITAR

Londres, mayo 20.--lvan
Maisky, ell diplomatico russo
que representara a su pals Ell
Ginebra en- .el Consejo- de la
Sociedad de Naciones, decla-
r6 hoy que Russia rechaza to-
das las propos-ciones que no
sean a base de cha completa
alianza militar con Ing%laterra
" Francia.
Maisky destaca ell peligro
que para Russia eXiste de agre-
sion en- ell Baltico, por parte
de lemania, como una raz6n
para solicitar algo mas que
una promesa.
La gaceta., 1939-05-20
oAUE1A

des mutuslistas, ID juntG de,
sea saber 81 puede dejar
nombrerlo sin incurrir en- e.
castigo de la Corte.
Ell famoso Colegio de Cru
janos de America amenaza
con retirar su reconcimiento al
Hospital 81 para ell cuerpo me-
dico son nombrados profesio-
males que no pertenezcan a la
.Sociedad Medica del condado.
I'm Colegio de Cirujanos
que amara mucho a la huma-
|nidad, pero no 10 parece.
Toda la simpatia de la CO.
latina esta con ell eminen
tie DR.. Winton, modelo de cirl
|janos y de hombres honestos
de buena voluntad.
La gaceta., 1939-05-20
r DEL CIRCUITO
HACE UNA CONSULTA LA
JUNTA. DE HOSPITAL

La Junta de Ho pital de Ia ciu
dad de Tampa consult6 aver al
tuez Sander, de la Corte del Cir
quito, sobre 81 faltaria ell respe-
20 qre la Corte merece excluyan
do al ilustre cirujano DR.. M. R.
Winton del cuerpo meiico de ese
hospital, como desean algunos
senores medicos '.
Comoel DR.. Wintor L. per-
tenece a la Sociedad idica
del Condado, porque 0 acep'
ia las condolences de horca dc
esta ne cuantO a las socieda-
La gaceta., 1939-05-20

de proteger y ayuiar a la ju-
yentud latina, las Sras. Hutchin-
son y Washington y los senores
Morris White, Ray B. Cralle Y
Victoriano Manteiga.
La gaceta., 1939-05-20
NOTAS SW TALES

Rojas y Va0quez Sc efsStuara
EN- ell teatro del Centre Asturia-
nc, Ell microbes 81 de mayo.
Antonio Jimenez prepare el
e:treno de LAS Victimas, de Che
valier", una eomedia de. Antonio
Paso.
Los mejores artistas de la To-
calidad brindan sus servicios
slusmspgssIslu!Ssp
En- los primeros dias de "a
semana pr6xima Sc completara
81 programa.
La gaceta., 1939-05-20

Para el lanes
La jnnta de La Verbena del
Tabaco no pudo efectuarse a.
aoche.
Tendra lugar ell lunes e infor-
mara, como va hemos dicho, IA
comisi6n nominadora.
La gaceta., 1939-05-20
Centre Obrer0

Centre ObrerO
Ell domingo Sc exhibira una
pelicula en- ell Centre Obrero, a
beneficio de los espanoles refu-
giados en- Francia.
No damos ell nOmbre de Ia
cinta porque la cOmisi6n Sc OIL
vid6 de eScribirlo. A precios pO-
pulares.
Beneficio
El beneficio de los milicianos
La gaceta., 1939-05-20
6 BELLISiMAS PlEZAS = E
PLATA RIGA, LUSTROSA,
10 QUE listed sIEMPRE HA oEsEArl

Plata para ia mesa, ... LC que las mu-
Jeres quierea y desean. Plata para IL me
ga, ell ideal, cubiertos hechos por la famo-
50 WIN. A. ROGERS SuVERWA ARE.
Una gran noticia tenemos que dar a
nuestra1 !ect0ras.
La Gaceta, por medic de IL co.peraclbn
de la Oneida, Ltd, f%abricante de la Plata
de Mess VIM. A. Roger, hace posib'e Ia
1dquisicion de estos cubiertVs a sps hume
roses ~lectores. listed puede tener 10 gus
otras sehoras y sehoritas tiehen.
CALIDAD OURACIoN DE PoR VIDA
Es due, %creerlO, pero la realidad esta
AQui--plata de mesa a tan bajo p%reciO. La
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-02-15
W|ND-RA|N STORM
PASSES OVER CITY
Little Damage Reported
From Forenoon Disturb
sv~Ice In Section

A terrific wind and rain storm
struck il this city and section in the
forenoon today but little damage of
any serious nature was reported as
tho Jesuit.
Som" SIGNS v'oro blown down and
~"'o'N limb and twigS shaken from
trees by the wind, which blew up in
the early morning and continued with
little cessation until after the deluge
of rain which came shortly before
II o'clock. Cutters and drains we're
choked by the water that ran off after
tho downpour.
Following several days of steady
rains last week. Sunday end Monday
were fair, with mild temperatures.
But there was more rain Tuesday,
followed by the downpour today.
Weather predictions are for fair
H01 colder weather on Thursday, but
with the rain continuing tonight.
Country roads are becoming more
"'fficrlt Of massage as the result of
the continued rain, and school buses
are having trouble in getting through
in some places. There were fears of
more trouble of this kind unless the
rains do hold up.