davidaulloa/AmericanStories huggingface dataset:
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-01-25
FOR SALE

FOR QUICK SALE - 1882 4-door
Chev sedan Phone 132 Douglas,
or P. o. Box 1897.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-01-25

INCOME property for sale. Phone
Blue 1876.
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-01-25

because they find in The Empire all the things they
like They like news just like men, they like the WON
ems pages menus, and home making tips the society
news and neighborhood news In addition, women like
to plan their buying through the advertisements in The
Empire, they know them to be true and helpful!
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-01-25

FOR Sale Melody Conn Saxo-
phone, $40. Write Empire M 1872
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-01-25

when they're small they naturally understand only
the comics. AS they grow up the habit Of reading The
Empire becomes more thorough. In time they become
fullledged readers and subscribers The CHILDREN Of
TODAY are the BUYERS OF TOMORROW and there
fore worth cuvating as present and future customers
The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1939-01-25

FORD TUDOR, driven only 5000
mires. New tires, deluxe radio and
heater. See Elroy MINIS
Evening star., 1939-01-01

cess attending the numerous large
new loan fotations by railroad and
other corporations and with con-
tinued ease in money. In the clos
ing months of the year, after the
defeat of William Jennings Bryan by
Secretary of War William H. Taft,
the upward movement assumed the
proportions of veritable boom"
BY substituting a few names or
dates in the above, the same state
ments could almost word for word
be applied to the events of 1885
80 years after they were written. 1t
may be interesting to note here that
progress in business and the stock
market carried on into the year
1909, although the rate of improve
ment was naturally less spectacular
than the swift uprush of 1908. The
highs for that bull market were
reached in the fall of 1909.
Analogy Carries On.
It IS rather interesting that most
economists and forecasters today are
going on record as to the probability
of continued improvement in busi-
ness and the stock market, subject
to reactionary periods during the
first quarter of the year, at least
until the fall of 1899. Carrying the
analogy even farther ahead, 1t is in
teresting that most of those same
economists expressed grave doubts
as to the developments after 1910.
The 1909 bull market top. reached in
the early fall, marked the starting
point for q hve-year decline. cul-
.minating In the 1914 war panic.
Evening star., 1939-01-01

ity in central stations-all this will
mean increased opportunities for
production of the heavier capital
goods, so much needed at this time
by thousands of skilled workmen,
not only in the electrical industry
but all industry, and for the good
of the entire economic system"
Capital Goods to Lead.
Ragnar D. Naess, economist and
vice president of the Tri-Continental
Corp, an investment company, pre-
dicted: For 1889 as whole. pro-
duction should be up substantially
from 1898. The biggest relative
gain should occur in capital goods
industries.
Building construction should i'm
prove substantially. Utilities may
be faced with the necessity OF be-
ginning to make large additions
to capacity.
Farmers should receive moder-
ately greater income, despite low
prices for wheat and cotton, since
the industrial population will be
able to pay more for farm products.
The greatest threat to our re-
Evening star., 1939-01-01
Higher Cash Incomes
And Stable Prices
Help Consumers
BY Cambridge Associates.

BY Cambridge Associates
The current outlook for the real
income of American consumers is
better than at any time within a
decade.
Real income-money in pennies,
nickles. dimes and dollars trans
lated into groceries. clothing, liv-
ing quarters and sundries-has suf-
fered since 1929 in two ways. In
the 1929-1932 period wages, salaries,
farm income and investment income
displayed the tendency to drop fas-
ter and further than prices.
Between 1882 and 1887, aided by
various factors mostly governmental
in source, wage rates made an as
toundingly speedy recovery from
depression lows, and in many cases
equaled or surpassed previous highs.
1t was the tendency of prices, how
ever. to rise even faster under the
impetus of initiation fears and in
ventory buying. Even so. however,
the typical consumer for a brief
period in 1887 found his cash in
come from all sources, in relation
to his expenditures for all purposes,
gave him buying power not unfav-
orable to that which he enjoyed
in the allegedly halcyon years of
1923 and 1929.
Income Curtailed,
But the depression of the late
months of 1887 fell like a guillotine
on his cash income He had fewer
dollars to spend although prices at
first displayed distressing inclina-
ton to ignore the fact. Food prices,
as usual, were the first to respond
to the changed economic situation.
Rents kept on rising. Other prices,
as a whole, remained stable.
Since June the lot of the average
consumer has been improving stead
lily and with remarkable speed. His
household budget, even the rent
item, had decreased on dollars
and-cents basis during the first
half of the year. His cash income,
particularly as represented by sal
aries and wages, took an unex-
pectedly swift jump between June
and October. Investment income,
income from business earnings and
the sale of farm products, although
more laggardly, also increased.
And this time prices didn't.
Cost of Living Down.
It is true that there has been
moderate flrming tendency in the
consumer prices since mid-1938 but
so far as the departments Of major
expenditures are concerned the in
crease has been very light. None
of the runaway proclivities shown
by price trends in late 1886 have
been evident.
Since last summer, therefore, the
real income, the power to buy and
enjoy, of the typical American con-
sumer has been doubly bolstered,
first by swelling inflow of cash,
second by the stability of prices
at low levels. At the present time
he does not have as many dollars as
he had a year ago but reckoned
in everything from minute steaks
to manicures they will buy nearly
as much as he could command In
late 1887.
Evening star., 1939-01-01

somewhat better business year than
1888 has been. This belief is based
on the expectation that the current
recovery movement will be extended
well into the new year.
There is an improved demand
for consumer goods, perhaps some
what accelerated by the effects of
expenditures of public money. The
future of the recovery trend, of
course. will be Importantly affected
by political developments at home
and abroad. -
There undoubtedly exist the es-
sential fundamentals of a broad
recovery that might we'll be sus-
tanned. The establishment of
real confidence in the broad future
opportunities of business
would be reflected in increasing &C
tivity of the capital goods indus
tries-a necessary component of a
sustained recovery movement.
An appraisal as to the probabili-
ties of the characteristics of the
present trend ''' appears to indi-
cate that the answer is within an
area that might be described as
hopeful conjecture.
Sees Power Expansion.
Gerard Swope, president Of Cen
eral Electric Co., said a better year
in 1889 was foreseen with conf
dence."
Said Swope: With closer Coop
Evening star., 1939-01-01

Alfred Reeves. vice president and
general manager of the Automobile
Manufacturers Association. stated:
"A complete reversal OF market con-
ditions in the late fall, compared
with last year. has encouraged auto
mobile manufacturers to look for
ward to $500 ,000-car year in 1899,
provided general business conditions
develop no unforeseen setbacks. -
Gasoline demand for 1899 is eX-
pected to be per cent ahead OF
1888"
Harbord Sums 1t Up.
Mai. Gen. James G. Harbord,
chairman of the board Of Radio
Corp. of America, summed up the
Evening star., 1939-01-01

greater income can be expected for
at least several months to come. A
stabilization of foreign exchange
would be very hopeful factor, for
falling pound affects not only COM
modify prices but our foreign trade.
Future policies of investment
companies will be determined large
ly by the legislation resulting from
recommendation for such by the
Securities and Exchange Commits
sion. Tt is expected that if there
should be such legislation the mat
ter will be cleared up during the
coming year and would result in
stabilization of the prices of invest
ment company securities"
Steel Chief Cheerful.
Walter S. Tower, executive secre-
tary Of the American Iron and Steel
TyAr -.
Evening star., 1939-01-01

steadily strengthening our apprecia-
ton of our own form of government,
under which we may change any,
thing that majority of us do not
like. We are slowly but very surely
working out our own salvation in a
changing and turbulent world"
Chester Optimistic.
Optimism for the future was ex-
pressed by G. M. Chester, chairman
of General Foods Corp. who said:
Employment in many industries
will be helped by the food industry
in 1889, as it was in 1898.
Probably we are on the verge of
a period of general economic i'm
Evening star., 1939-01-01
Corporate Earnings
On Mend Despite
Wages and Taxes
BY Cambridge Associates,

Again demonstrating its resiliency
and ability to surmount obstacles
American industrial corporations re-
turned to profitable operations in
the final quarter of 1938 In the
early part of the year curtailed
business levels, together with high
wages and taxes, had succeeded in
| desroying the semblance of pros
perity that the public had only re-
Gently felt was becoming real. After
four months of consolidation of the
sharp declines of the previous year
end. however, in which excessive
inventories were finally liquidatd, a
vigorous upturn lifted industrial
production close to the 1923 3-1925 av-
erage by December.
Whether or not the short dura-
ton of the depression was attrib-
utable to the almost universal de-
termination of business men to re-
sist the temptation to reduce wages,
the fact remains that recovery was
effected without substantial wage
revisions. Those companies which
found it necessary to lower wages
have already restored them or are
now giving consideration to the
move.
Some companies have made fur
ther increases in wages, and the
railroads, despite the disappearance
of profits, yielded to pressure and
abandoned moves to make effective
the Is per cent cut that had been
announced for October l. BY that
time the recovery had asserted itself
with sufficient strength to give hope
that profits would return before
further major casualties.
Increased efficiency has taken up
some of the slack and make it pos
sible for profit margins to return.
During the recovery years, either
through borrowing or through re-
investment of a portion of profits,
many concerns moderniZed equip
ment and introduced labor saving
devices.
Looking forward into 1889 and be-
yond, the average business man
sees further difficulties to cope with.
Sometimes, he reasons, it will be-
come necessary to increase the tax
burden to meet the presnt cost of
Govrnment. If this is equitably
levied, designed to call for a mini
mum OF clerical work, and increased
IN moderate steps, it will be possible
Tor him to absorb them as he has
already absorbed the social security
levles. If not, there will be at least a
temporary setback.
The year 1888 has taught us that
industrial management has the in
genuity to adapt itself to prac-
tlcally any conditions. The process
OF adaptation, however, is some
times lengthy and painful. In these
times not only the stockholders but
also the workers suffer. Now the
lesson has been learned and the
forward march resumed. From the
present outlook it is possible to be
more hopeful for 1899 profits than
could have been predicted, realist-
1cally, in any year since the great
depression with the possible ex-
ception Of 1887.
Evening star., 1939-01-01

Grafton between
labor. industry
and the Govern
ment: with the
ever = increasing
use of electric
ity: with the
great need that
exists in this
country today for
electric a PIP Ii =
a n ceS in the
home and for
more power in
the factories and
the resulting eX-
pansion of gen.
oro+in0 ponop-
Evening star., 1939-01-01
Nosh-KeIyinutor Head
Sees Better Year
By the Associated Press.

BY the Associated PreSS.
CHICAGO, Dec. 31.-George w.
Mason, president of Nash-Kelvina-
tor Corp. today said: 1T is our
belief that business generally is
squared away to create for itself a
better year in 1899. Under present.
day conditions, it will take wise and
careful management in almost every
line of business to insure profits
but we believe profitable operation
is possible"
Evening star., 1939-01-01
Foreipn napoarS C;ted

present time is
such that it is
i m pos S ible to
forecast business
conditions even
for a brief period
of time. With
this reservation
in mind, it may
be said that indi-
cations are that
the betterment
which started
S o m e months
back is still in
the initial stages
and that better
b u S j n e S S and
Evening star., 1939-01-01

ldJOlllS OPilA
ion W i t h the
statement:
IF one fact
has e m er G e d
from the Welter
of terror a n d
brutality which
II a S submerged
vast portions OF
the world dur
ing tn e pa S t
year. it is that
Americans ar e
! ky to be
Americans. -+'
Con di tiOnS
elsewhere are
Evening star., 1939-01-01

prOvement. This
may be spas
modic and ir-
regular, but the
range view
seems hopeful"
L a W r e n c e
Dennis, w a IL
Street econom-
ist, said "busi-
ness should con-
tinue near pres
ent levels" If
Congress con =
t n u eS tn e
spending - lend
ing program.
Evening star., 1939-01-01

pect business in
the United States
to improve in
1899.
Alfred P. Sloan.
jr.. chairman of
General Motors
Corp. sounded
this keynote to-
day. 1t was a
theme echoed by
other corpora
ton heads.
1T seems rea-
sonable to ex-
pect," said Sloan,
that 1899, as a
Evening star., 1939-01-01


The steel in
dustry e n t e + S
1899 with better
prospects than
those of a year
ago despite the
continued in
fuences of some
retarding fac
tors. a m o n G
which lack Of
railroad buying.
little activities
among the utili-
ties and foreign
uncertainties are
Evening star., 1939-01-01

OennlS C n .
tinued: "While present stock prices
are high enough for next years
earning prospects, they may go 10
to 20 per cent higher due to the
sheer force of cheap and redundant
money. On the other hand, stock
(seo LEADERS, Page D-6J
Evening star., 1939-01-01
By the Associated Pre-.

NEW YORK, Dec. 30.-With op-
portunities in the field of capital
goods industries as significant
base, many industrial leaders ex-
Evening star., 1939-01-01
Leaders Expect Capital Goods
To Play Big 1899 Role

covery comes from abroad. .
The recent improvement in busi-
ness has been SO sharp that a short
period of consolidation during the
first few months of the year would
be healthy development"
Foreign Dangers Cited.
Floyd B. Odlum, president of Atlas
Corp, joined with others in the be-
lief international conditions make
for haZy outlook. He said:
The state of world affairs at the
Evening star., 1939-01-01

0ee LEADERS, Page D-6J
Evening star., 1939-05-02
Paving Assessment
Against RoiIwoy Upheld

Justice Daniel w. O'Donoghue
held yesterday in District Court
that Congress may direct street
paving assessments against abut-
ting property where assessments
bear a reasonable relation to the
benefit received.
The ruling was made in uphold
ing an assessment against the prop
erty of the Philadelphia, Baltimore
& Washington Railroad Co., 615
Fourteenth street NV, for the
South Capitol street paving. JUS
tice O'Donoghue ruled also that the
company has no constitutional right
to notice and hearing prior to the
assessment.
Evening star., 1939-05-02

Mustapha Kemal Ataturk as Tur-
keys strong man. While his hole-
card Is obviously the strategic i'm.
portance of the Dardanelles, Turk
ish hegemony over the Moslem bloc
has become increasingly important
since Mussolini kicked Islam in the
face by snatching Albania. This
writer has word from Paris friend
that the vast network of axis propa-
ganda in the Moslem countries was
all but wrecked by the Albanian
outreach.
NJ. Potemkin, 63-year- old Russian
aristocrat who strung with the
Bolsheviks in the 1917 revolution, is
suave, tight-lipped. tagey and
quietly pervasive diplomat who Is
said TO penetrate deeper into the
inner citadels of Soviet power than
even the durable Litvinoff. Edu-
Gated in England, he speaks Eng
lish with Cambridge accent and
his French is that of an academi-
clan. He is a descendant of the
Count Potemkin who was the favor
ite boy-friend of Catherine the
Great. An intimate friend of Lenin,
he became Ambassador to Greece
and Rome, and in 1884 and 1885, as
envoy to Paris, put through the
Franco-Soviet agreement.
President Inou. soft-spoken, Slight
ly deaf, ingratiating and disarming,
was used by Kemal in close-in deals
where the hand moved faster than
the eye. He was mysteriously
benched, during the last year of the
dictators life, but succeeded Kemal
with power and prestige undimmed.
In 1920, he escaped from Constan-
tinople disguised as a blind beggar
and joined Kemal in Anatolia, and,
jointly, they evicted the Greeks and
other postwar intruders in what is
colloquially known as the BUNS
rush"
AS was Kemal, President 1nou is
diligent all-night poker player.
Fealty to Russian, the Turkish hero,
plus military education, fired him
with romance. While he weighs in
at only about 1875, he is rated as one
of the cleverest of Europe's schem-
ing, dreaming fighting men.
Evening star., 1939-05-02
Veteran, Cos Victim,
Is Declared Suicide

Coroner A. Magruder Macdonald
has issued q certificate of suicide
in the death of Lydell Huff, As
year-old war veteran who was found
dead in a gas-filled room at his
home at 914 Eighth street NV.
Sunday. Mr.. Huff, former resi-
dent of Spartanburg, S. c.. was
dead when a Casualty Hospital am
bulance arrived.
In another case, the death of
Lawrence Taylor, 43, colored, who
was found fatally shot in the chest
Sunday night, also was listed as a
suicide by the corner. Taylor was
found on the floor of his bedroom in
house at 1408 Sixth street NV
Neighbors said Taylor had COM
planned Of head pains before he
had retired.
Evening star., 1939-05-02

SdIldQuOUuy Oll W. ooui~ S
the Maine Coast. But now the
ship canal has bobbed up again
while the attention Of the country
and of Congress has been focused
on what Mr.. Hitler has been saying
to Mr.. Chamberlain and Mr.. Musso-
lini to Mr.. Daladier.
The proposed Florida ship canal
will cost from $198 5000 to $780,
100000. All depends upon whether
the canal Is built by regular con-
tract and completed in six years
time, as recommended by Gen
Markham, who used to be chief of
engineers and is now retired and
heading a dredging company out
in Chicago, or whether the Presi-
dents idea of using w. P. A. labor
and taking IS years to the job
prevails.
While public attention has been
focused on the doings in Europe,
the House Rivers and Harbors
Committee has reported favorably
a bill to authorize the construction
Of the ship canal. And last week
the Senate Committee on Commerce,
by vote of 10 to 9, reported the
bill to the Senate but without
recommendation" There is every
chance that the measure may slip
through quietly some day, when
few persons are looking-just as 1t
found its way to the calenders OF
tho up,1co opd Covoto
Vandenberg in Saddle.
There is, however, one member Of
the Senate who intends to make a
loud noise about this attempt to
plunder the Federal Treasury
that is the way he describes the
proposed expenditure for the ship
canal. The senior Senator from
Michigan. Arthur H. Vandenberg. is
out to beat the bill if it takes him
all summer. What he hopes is that
the measure may be brought up in
the Senate this Week-and given
the coup de grace. What he fears
is that delay will make it possible
for the supporters of the bill to do
bit of log-rolling and perhaps
to get the White House to bring
pressure.
In the opinion Of Senator VAN
denberg, shaving S50,000000 off the
relief appropriation for the remain
der of the present fiscal year is
just an idle gesture If Congress is
going to spend a couple of hundred
million dollars for a ship canal-at
time when economy is desperately
needed. The Michigan Senator led
the fight which defeated the ship
canal proposal in 1937-and he hopes
to turn the trick again now. Fur
thermore, according to Mr. Vanden-
berg, President Roosevelt's feelings
would not be greatly hurt If the
bill doesn't go through-despite the
fact the President wrote a letter
not long ago suggesting that the
construction be authorized.
The bill reported by the Seaate
Commerce Committee, according 10
Vandenberg, is the greatest blank
check" yet proposed for the Execu-
tive. No one knows, he says
whether the Markham plan or the
Roosevelt plan will be followed; no
Evening star., 1939-05-02

the British
with paraphernaa they hardly
have enough for themselves The material
and the Rumanan government
they have defaued in the payment OF
But even before Cainesco the Rumanian
righthand man. was determined 10 wipe
the deaultng his countrys escutcheon.
winter that the SITUATION
permitted would of the arrears due since
consider revision OF the debt settle
with and future ability OF Rumana to
keep her obligations.
Rumanian has great diff
relations with
purchased in 1888 $6OoOoO worth
and has sold in this country goods valued
little 81 100000.
for the dollar lat leis the
convinced that the of Rumana properly
country will fair hearing But
possibility of
legislative branch of the American Govern
fuls payment OF
defaulted insalmentS
have started already giving
advice of moderation regarding Danzg and
outstanding problems with the Reich.
be that the British and the French will find that the
likely listen such advice than the Czechs
last September.
wrongly the Poles feel that the Germans
the manner they after the scalp Of
CzechoSlovaks
for Fascist demonsra-
where
speech of Chancellor
the Poles that the Germans intend to do
them what they did to the Czechs.
Whether the counsel of moderation being
For the time being
however concerned that
with their whole military might attempt OF
Evening star., 1939-05-02

And What
They Do
President Inou Plays
Political Poker at
High Stakes
BY LEMUEL F. PARTON.

NEW YORK, May "A tall, blond
man and a short, dark man dicker
in the dark Of the moon over the
Dardanelles-key chamber Of Eu-
ropes mystic maze, as in the days
Of Disraeli and long before. It's an
oft-told tale.
The big man is vladimir Potem-
kin Of Russia, Stains trusted inti-
Evening star., 1939-05-02
Fraternity Plans Dance

Mu Chapter, Delta Sigma Pi In
ternational Fraternity, of George
town University, has scheduled its
annual spring formal for Satur-
day night at the Hotel Benedict
The dance is in honor Of new men,
bers. A banquet will precede the
dancing, at which awards will be
presented for meritoriouS service
during the year.
Evening star., 1939-05-02

before No President to share
that his friends believe
reaching the currently
policy example where opinions about the d
term the attitudes OF so many
New Dealers motives Their enemies
the old of Senator Ashursts to the lady who
Senator casting VOTE think rSt your
country political welfare The was Madam
Senate OF think first OF my own
that be able to continue to my
those who doubt the wisdom OF third
will defend their dsinerestednesS
practical why the New
President obvious enough
The pressing politician Deal Roose-
yian getting the Demo-
chance" the phrase for the
DeaBob Jackson Hopkins and all
politically murdered by Democratic party leaders,
and would return from the dead to
confronted with situation in which only
the the Deal Naturally enough the New
the matter
for ALL could think other
simple: these times, democracy Is
Therefore,
the Of the great risks
entaid possible the Presidents
policy urousy bitter campaign the threat
between the and temporary
that implied sacrifice really
imminent.
Dealers at least talking the the wind is
recent speech Of Attorney General Frank
Philadelphia Jefferson day dinner The speech was