davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1939-01-05

The table is not intended to
indicate the national income
for any particular year and, of
necessity, the estimates are
rough and may vary somewhat
either way. Since taxes are
paid from one month to is
months after income is realized,
the achievement of a 80 billion
dollar national income in one
year will not, for instance,
mean tax collections of 10
billion dollars in that same
year. This table is an indicator
and not a gauge.
During the past nine fiscal
years-a period which was seen
the national income drop from
a high of 81 billion dollars in
the calendar year of 1929 to
around 40 billion dollars in
1882 and rise again to about
70 billion dollars in 1937-Fed-
eral revenues, even though on
a higher tax base, have never
completely covered expendi-
lures.
We require continual study
of the revenues necessary to
carry on the normal functions
of the Federal Government and
of the role which Federal policy
should play in the Stabilization
of the national economy.
This study includes a consid-
Grafton Of: (a) The practica-
bility of reclassifying expendi-
lures on a functional basis and
the most appropriate methods
of financing the different clas-
sifications; CD the problem of
human security including re-
lief and its costs; and (c) the
correlation between national
income on the one hand and
Government receipts and ex-
penditures on the other. 49,.
(At this point the message
carried lengthy table of re-
ceiptS and expenditures oUer a
10-yeGr period).
The expenditure side of a
budget may be divided into two
major classes, namely-ordinary.
which includes the operating
expenditures for the normal and
continuing functions of Gov
ernment, and extraordinary,
which includes those expendi-
lures required to meet the non
operating or the unusual costs
of Government.
General public works of an
annual recurring nature may
fall in either class, but in view
of their flexibility they have
been claSsed as extraordinary
for the purpose of this state
ment.
The Washington times., 1939-01-05
Group to Meet

Members Of the advisory com
mittee on vocational education,
headed by Mrs. Henry Grattan
Doyle, president Of the Board OF
Education, will meet in the board
room at the Franklin School
Building at 8 o'clock tonight.
The Washington times., 1939-01-05
CONTINUED from Page u

for assisting unemployed work
ers shall be completely free from
political | manipulation" Mr..
Roosevelt declared. However,
anyone who proposes that this
result can be achieved by turn
ing the administration of a work
program over to local boards is
either insincere or is ignorant
of the realities Of local Ameri-
can politics.
The Washington times., 1939-01-05
Deficit Explained

The excess of expenditures
over revenues in the ordinary
classification is attributable to
various causes: New functions
undertaken; more carrying
charges on the national debt,
though at lower interest rates;
The Washington times., 1939-01-05
Income Too Lou

Today the nations income is
in the neighborhood of 80 bill
lion dollars year. A few years
ago it was much lower. 1t is
our belief that it ought to be
much higher.
In order that you may know
the amount of revenue which
the Government may expect
under the existing tax structure
as the national income rises, the
following table is submitted. It
shows the estimated revenues
which may be derived when ma
tional income reaches certain
levels between 10 billion and 80
billion dollars.
Estimated Federal receipts by
principal sources, at certain as
sumed levels Of national income
based on December 1888 tax
rates CHI billions of dollarS):
The Washington times., 1939-01-05

WOULD hEASSOhE 1nADE
At the same time, the Presi-
dent contiued, the businessmen
and farmers and workers, no
less than the unemployed, are
entitled to an assurance that
the Governments program to
check the downward spiral or
business will not be curtailed
arbitrarily or violently"
Expenditures for the next fiscal
year are the second largest since
Mr.. Roosevelt took office and are
exceeded only by the outlays of
50, ,492, 100000 estimated for the
present fiscal period.
The President expects govern
ment revenues to stage a minor
comeback after June 80, forecast
ing that next years receipts would
increase by $149, ,250, 900.
OF the boost in national defense
expenditures contemplated next
year, $100,000,000 will be allo-
Gated for battleships already
under construction.
The Washington times., 1939-01-05
Leaders Chided

While cautioning Congress to ap-
proach the problem Of feoeral ,ax
revision with extreme care, the
President chided congressional
leaders for having failed at the
last session to rovide additional
levies to meet the cost of the $212,-
100000 parity payment program
on farm goods.
IN view of the addition to our
public expenditures involved in
the proposed enlarged national
defense program and the pro-
gram of agricultural parity pay
ments, for which no revenue pro-
vision has yet been made, think
we might safely consider mod
crate tax increases which would
approximately meet the expendi-
lures in these accounts" he
added.
Except for suggesting extension
Of the nuisance levies, and urging
continuation of the three-cent
postage rate, Mr.. Roosevelt will
make no further specific tax rec.
lamentations,
The Washington times., 1939-01-05
Little WPA Cash Left

The last Congress appropriated
work relief funds totalling $1,425,.
100000 to run WPA through Jan.
uary. The President reported
there was just barely enough left
to get through the month.
The Washington times., 1939-01-05
OUerhead 81 a Month

ADDED another unexpected load on
OUerhead 81 a Month
"AS a result of the foregoing
factors, the employment pro-
vided from the Works Progress
Administration rOpriation
increased from $500, 900 at the
beginning Of July, 1888, to a
peak of $3.50, ,OOO," the Presi-
dent reported. During the past
few weeks the number has been
declining. On Dec. "a, 1898, the
total had fallen to 3,112,2OO,
and it Is expected that employ.
ment during the month of jan
uary will approximate 5000, ,OOO."
Congress was advised that the
WPA program 'is at present being
conducted at an average federal
cost of approximately SCI per
worker per month, of which only
two dollars is overhead admins
trative expense"
The Washington times., 1939-01-05
FGUors Salary Tax

The President indicated, how.
ever, that he is still in favor of
bringing salaries of State, muni-
cipal and local political officers
and employees under the Federal
income tax laws.
Should Congress adopt new
taxes, more scientifically plan
ned" the President foresaw event
ual repeal of the nuisance levieS.
The Washington times., 1939-01-05
Causes of Relief

The executive attributed the
continued need for maintaining
huge relief rolls to a number of
factors. Private unemployment is
tagging behind industrial i'm
provements. Further, the "criti-
cal foreign situation has had an
adverse effect upon American
business and industrial employ
ment, and has been an unexpected
deflationary force affecting the
prices Of commodities entering
into world markets" Finally, the
devastating hurricane which hit
New England last September
The Washington times., 1939-01-05
Justifies Deficit

Justifying another huge deficit,
Mr.. Roosevelt contended that a
violent contraction in Federal
spending at this time would be
ruinous to business and would
promote misery amongla large seq
ment of the population.
Although the public debt will
rise to a record-shattering peak Of
$44, ,45s, ,000, 900. on June 30, 1910,
the President insisted that any
thing revolutionary in the way Of
taxes at present might upset the
economic applicant.
"I believe am expressing the
thought of the most far-sighted
students of our economic sys-
tenn in saying it would be unwise
either to curtail expenditures
sharply or to impose drastic new
taxes at this stage Of recovery"
he asserted.
The Washington times., 1939-01-05

Administration, U. s. Maritime
Commission.
The Washington times., 1939-01-05
Larger Personnel

Approximately 100000 will
60 for new additions to the mill
tary establishment, including an
increase of 5000 in the enlisted
personnel Of the Navy and a mod
crate augmenting of army and
navy aircraft equipment.
Mr.. Roosevelt will send Con-
gress a supplemental national de-
tense message next week in which
he expects to ask authorization
for g $500, ,000, 900 national de-
fense increase. Only $21O,O0O,-
900, however, will be spent during
the next fiscal year for new mill
tary items.
Combined relief costs next year
will be 1921 $50, 900 less than for
the current fiscal year. Mr.. Roose-
welt estimated the WPA, the Ma
tional Youth Administration and
the Farm Security Administration
would require about $1,750, 900 900
Of the total.
About $500, 100000 will be re-
quested to carry on relief activities
during the next six months.
The Washington times., 1939-01-05
SIS Millions Asked
For WPA Until Julv

added another unexpected load or
WPA.
The Washington times., 1939-01-05
$S,995,663,2OO
BUDGET ASKED
BY PRESIDENT
Opposes Tax Increase
To Meet Deficit

Continued from Page II
postponed until war had become
imminent"
wOIuD REASSJJRE TRADE
Evening star., 1939-11-17
Chicago Livestock

CHICAGO. Nov. II. United State,
Department of Agriculture). .-Salable hogs
1000; total, $4,000; light hogs fairly &C.
tive: mostly, 1915 lower than Thursday
average; others and packing sows gener.
ally 1926 of: extreme top. 6.05 sparingly
pounds: 5.so-6oo; sso-27o pounds Gs mostis
5.55-s5; few. 27O-330 pounds butchers
5.50-65: good 330-450 pounds packine
sows 4.90-5.40; few lighter weights tc
$50; extreme heavies, 4.5O-S5
Salable cattle. 500; salable calves. 300
slow; generally Friday cleanup trade; price:
on all grades and classes around steady
best 1.036 pounds fed steers, 1O.1O Other
loads odd lots. S.25-915: no choice fec
heiters offered; small lots UP to 965: beef
cows draggy; Gamers and cutters in fail
demand; bulls slow; most sales light and
mediumweight sausage offerings. 6OO-75
odd head best vealers, 1880; most small
salsble sheep. $500; total. 5000; late
Thursday fat lambs, 1926 lower; othei
classes steady; lambs, top, 9.25; bulk. 500
9;1o: yearlings, s.75-7;55; few 500 neal
3.75. 4.50; today's trade fat lambs slow
steady to weak with Thursday; GOOD te
choice fed Western lambs to packers. 8. 90
is; best now held 925 and above; sheer
about steady: natives slaughter ewes. 3.75.
4.50.
Evening star., 1939-11-17
California Oil Award
To u. :. Is Affirmed
Nv the ASsociotad proe,

BY the Associated Press
SAN FRANCISCO, Nov. 1.-THE
United States Circuit Court of
Appeals affirmed yesterday an award
OF about s7,000,00O to the Federal
Government against the Standard
Oil Co. of California In connection
with oil fields in the Elk Hills dis
trict of Kern County, now a naval
oil reserve.
The case grew from the action of
Secretary OF Interior Ickes, who held
in 1885 that the Elk Hills land never
should have been decided to the State
OF California as school grant in
1903, and subsequently, never should
have been acquired by Standard Oil.
Secretary Ickes contended the
original deed was not legal because
it was known at that time the land
was rich in mineral deposits.
The court yesterday held, in effect,
that Secretary Ickes' decision was
correct, and that Federal Judge Leon
R. Yankwich of Los Angeles hello
rightfully in awarding the Govern
ment $6,214,102, but plus interest
from date of Judgment, nearly two
years ago.
Evening star., 1939-11-17
Foreign Exchange

NEW YORK. Nov. II pa new weak
strain developed in the British pound to-
day after several days of narrow huctua-
tlons In relation to the dollar.
Spot sterling lost a little more than 3
cents while the discount on sterling dut
in 30 days widened to & cents from 51a
cents yesterday.
The French franc moved sympathetically
lower with a drop of .02 of a cent, but
other leading European monies were ap-
parently unaffected. The belga and Swiss
franc were unchanged, while the guilder
added a little.
Late rates follow:
Great Britain in dollars, others in cents
Great Britain. demand $50: Great Bri-
tain, cables, 3 .S934; 60-day bills 1854;
90-day bills. 3.s374; Canada. Montreal in
New York. $3.50; Canada, New York in
Montreal ia 25; Belgium 1910: Den
mark, 9.33; Finland, coon; France AL;
Germany. 40.25n; benevolent, 1875:
travel, unquoted: Greece, 731an Hungary,
17.60n Italv, sos; Netherlands SO 10;
Norway. 22.75: Portugal, 365n; Rumania,
.73n; Sweden. 1888; Switzerland, 22.46:
Argentina toffician. 2977; Argentina
Gree, % 40; Brazil (offlciaD, 6.O5 Brazil
free), $40: Mexico, 90 Don; Japan. 30 40;
Hong Kong, 2462; Shanghai, s75; Yugo-
slava. 2.30n.
Rates in spot cables unless otherwise
indicated. n Nominal.
Evening star., 1939-11-17
$3.50 Dividend Voted
By General AniIine
On A Shares
Payment Of IS Cents
Also Declared on
Class B. Stock
DOLLARS
PER SHARE
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 17.-Directors
of General Aniline & Film Corp,
formerly American I. G.. Chemical
Corp, declared additional divi-
dends of $3.50 a share on class "a"
common stock and Is cents on class
"B" common, payable December 1s
to holders of record December Is.
Company paid So on the "a and
20 cents on "B' in August.
Lehn e. Fink.
Lehn & Fink directors ordered a
final dividend for the year of 6212
cents a share, payable December Ia
TO stock of record December I. This
will bring total payments for the
year to sl.37l2, against S1.25 in 1888
Associates Investment.
Directors of Associates Invest
ment Co. declared an extra dividend
of so cents, in addition to the regu-
lar quarterly dividend of so cents,
on common stock, both payable De-
cember 80 to holders of record De-
cember 9.
Pyrene Manufacturing.
Pyrene Manufacturing Co. an
nounced dividend of so cents a
common share, payable December Is
to holders of record November 90
This brings the total payments for
the year to 80 cents.
Evening star., 1939-11-17
New York Banks Favor
Short Week All Year
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 1.-THE bulk
Of New York's banks not only are in
favor Of shutting up shop on Sat-
urdays during the summer, but also
the year around, replies to ques-
tionnaire circulated by the New York
State Bankers Association revealed
today.
The association sent the question
naire to 303 banks which closed on
Saturdays during July and August
this past summer and got 251 re-
plies. OF the Isl, total of 214
said they would. favor an amend
ment to the Quinn Bill making Sat-
urday closings during July and Au-
gust mandatory. Only 26 were op-
posed, while II were undecided.
In answer to the question of
whether they favored an amend
ment making Saturday a full holi-
day throughout the year, lat re-
piled in the Affirmative, 70 were op-
posed and 26 undecided.
Evening star., 1939-11-17
| British Trade
Gains Slightly
lin October
BY the Associated Press.

BY the Associated Press.
LONDON, Nov. 17.-British for
eign trade in October showed a
slight gain over the first month of
the war, but declined in comparison
with similar period last year.
Imports totaled Eel BAL, ,464 (about
$247 1865 1850, an increase over Sep
tember by G11,917,197 (about $47,-
668, 1881, but E17,237, ,439 (about $685.
939, 1850 below that of October, 1898.
Britain exported goods valued at
f24 ,622,840 (about $78, 8,491 ,360). an
increase Of f1,535,59 (about $6,142,-
$500 over September, but EFT ,937, 1855
(about $7l,748,624 under that of
October year ago.
Goods re-exported during October
came to approximately f1,990, 900
(about 81, $50, ,000, in addition to ex-
ports of British products. Excess of
imports for the month was around
f35 5,23o,o 900 fabout $14o,92o, COO.
Evening star., 1939-11-17
Consumers Power Board
Approves Financing
BY the Associates Press.

By the Associate Press.
NEW DIRK, Nov. 17.-Directors
of Consumers Power Co. at a spe-
cial meeting yesterday authorized
the issuance of s2S, 1894, 900 Of addi-
tional first mortgage bonds and
l25, 900 shares of common stock.
Wendell l.. Willkie, chairman Of
the board, announced that proceeds
will be used for 'refunding and con-
struction purposes" The Michigan
Public Utility Commission had pre-
viously authorized the financing.
The bonds, Willkie said, will be
offered to the public and the COM
mon stock will be sold to the Com
monWealth g. Southern Corp, also
headed by Willkie, which controls
the Consumers Co.
1t was expected the bonds would
be registered with the Securities and
Exchange Commission tomorrow.
Evening star., 1939-11-17
Standard Gas Shows
S3,465,911 Profit
For Z Months
Result Compares With
$1,462,65l Recorded
In Previous Period
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 17.-Standard
Gas g. Electric Co. and subsidiaries
reported for the IL months ended
September 80 net income of S3,465,-
Oil, compared with 81, ,462,651 in the
preceding IL months.
The net income includes approxi-
mately $724,000 for the year ended
on September 80, 1899, and about
$461 900 for the preceding compara-
BILE period representing undistrib-
uted earnings of subsidiaries, which
are not available to the parent con-
Germ because of preferred dividend
arrears of certain subsidiaries.
Thatcher Manufacturing Co.
Thatcher Manufacturing Co., max
ing milk bottles in New York, Illi-
nois and West Virginia, reported net
income for the September quarter Of
$257 500, or $105 a common share,
compared with $258.521, also $105 a
share, in the like 1888 period.
Evening star., 1939-11-17
Southern Pacific Net
Totals $1,724,3S9
In Nine Months
Result Contrasts With
1928 ,444 Deficit
For 1888 Period
BY the Associated Press.

BY the Associated Press.
NEW YORK, Nov. 17.-Southern
Pacific Co. and transportation sys-
tenn, companies, excluding opera
tions of solely controlled affiliated
companies, reported today net in
come for nine months ended Sep
tember 80 Of $1,724,38 or 46 cents
a share, compared with net loss of
1928, ,444 in the like 1888 period.
Union Pacific.
Union Pacific Railroad, for the
nine months ended September 30, re-
ported net income of So, ,487 ,884 after
charges, equal after preferred divi-
dends to 1892 a common share,
compared with $S,746, ,408, or $3.50 a
common share, in the like 1888
period
For September alone, net income
was $3,352951, against $2,404, ,729
in September last year.
Illinois Central.
The Illinois Central Railroad re-
ported net income for September
totaled s1,1O6,553, compared with
S439, 1865 last year. For the first
nine months this year the railroad
had net loss of $957,772, compared
with loss of 81 1852 ,668 for the like
1888 period. Figures were exclusive
of the Yazoo & Mississippi Valley
Railroad.
Chicago Great Western.
The Chicago Great Western re-
ported net income of S142,7OO for
September, compared with $23 ,129 a
year ago. For the first nine months
this year the railroad had a net
loss of $350,81l against a loss of
81 ,320,6ll for the corresponding
period in 1888.
Evening star., 1939-11-17
Virginia Tobacco Prices
Hold Steady Levels
BY the Associated Press.

BY the Associated Press.
The Virginia old belt tobacco
markets yesterday chalked up aver
ages of from SIS to $17.65 a hun
dred pounds for the f1ue-cured leaf
In general, prices on all types were
maintained at even level.
South Boston, pending a COM
plete count, appeared to have ham
died approximately the same
amount of leaf as it did Wednes-
day, when $4,000 pounds went for a
$l676 average.
An average of SIS was bid for
53,774 pounds at Martinsville; $17.O1
for 93,841 pounds at Rock Mount,
1884 for 43,088 at Lawrenceville,
$l525 for 49,914 at Kenbridge, $17.65
for 85,952 at Chase City and 1882
for 216,624 at South Hill.
Evening star., 1939-11-17
MouseI Hereford Sole
Brings Good Prices
BY the Associated Press.

BY the Associated Press
CAMBRIDGE, Nebr., Nov. IL
Mousel Bros, nationally known
Hereford breeders, started their two
day sale here yesterday, with
breeders from 20 States present to
bid for the prize cattle.
William McSpaden of Amarillo,
Tex, paid $4,000 for Lamplighter,
the herd bull. The average price
on 20 top sales was $911. The TOP
for young bulls was $1,675 and for
young heifers, S1,525.
The average on young animals was
$3.50.
Approximately so of a total of
200 on the auction block went to
high bidders.
Evening star., 1939-11-17
Chicago Produce

CHICAGO, Nov. II LPl-Poultry, live, 2
cars, A trucks: springs firm: young tom
turkeys easy; others steady; springs, 4
pounds up. Plymouth Rock. 14la; White
Rock, 14Ia: bareback chickens IL geese,
II pounds and down, IA young tom tur-
Kevs, 1917: other prices unchanged
Butter, 6l2.156: steady: prices un-
changed Eggs. 1897: steady; prices un-
changed.
Potatoes 1O1: on track. 395 total U. s
shipments, 500; steady: Northern all va
rieties. demand fair; Idaho Russets and
supplies" supplies LIBERAL. Sacked, ' per m Hundred. ad
weight, Idaho Russet Burbanks. U. s.. No. l,
few sales. 1.75-s5: u. s. No. 2. 1.32k;
D. 8. No. |, cotton sacks, unwashed, 1855;
burlap sacks. few sales: 1.35-55: washed,
LIS; Minnesota, Red River Valley Section,
North Dakota, Red River Valley section,
Cobblers. s5 to go per cent y. s. No. |,
better. q. s. No. l. / 1.1O-25; Early Ohios,
30 per cent q. 8. No. /. LIS.
Evening star., 1939-11-17
u. 5. October Exports
Gain on Purchases
By Latin America
SoIes More Thon Make Up
For Europe's Decline
In Buying
BY the Associated Press.

by the Associated Press
Secretary of Commerce Hopkins
announced last night that increased
purchases from Latin America, which
has been cut off from some European
markets by the war, caused an in
crease in total American exports last
month.
He said preliminary figures on
October shipments showed they were
worth $323, 900 900, which was IA per
cent more than in September and 18
per cent more than in October Of
last year.
October shipments to Cuba,
Mexico, Argentina, Brazil, Colombia,
Chile and Venezuela aggregated Sat-
017,000, or more than 10000 in
excess of the value of merchandise
sold those countries in September.
British Purchases Down.
England. Belgium and the Neither
lands decreased purchases here,
while nothing could be shipped to
Germany or Poland. Canada, Japan,
Denmark, Norway and Sweden in
creased purchases here.
Purchases of the three Scandi-
navian countries totaled S24,673, 900,
compared with $l3,20l 900 In the
same month last year.
Among commodities, increased
exports were reported for raw cot
ton, fruit, automobile, trucks, ma
chinery, chemicals and iron and
steel products. Decreases included
leaf tobacco, airplanes and copper.
The arms embargo interfered with
airplane exports.
Britain Buys Less Tobacco.
England, normally the No. Gus
toner OF America, dropped its pur-
chases here from $50, ,049 900 in Sep
tember to $5l l,s39 900 in October by
decreased purchases of tobacco,
petroleum, steel scrap and copper,
Russia's $5,455,000 of purchases
here In October were about four
times the size of the preceding
month, but were less than the aver
age for the first 10 months Of the
year
Contributing to the S23,313OOO
total OF Japan's purchases in Octo-
per was resumption of buying of
American cotton. Japan usually
has been one Of Americas best cot
ton customers, but has been inten-
tlonally restricting such purchases
In the last few years.
Evening star., 1939-11-17
Short Hours Retained
In U. S. Bond Market
BY the Associated Press.

1y the Associated Press.
NEW YORK, Nov. ia war
time emergency rule which short
ened the hours for trading in United
States Government securities in the
outside market" will become a per-
manent fixture, it was disclosed yes
terday.
Trading will continue to end at
4 pm, or one hour earlier than
was the custom before the European
war. Other restrictions on trading
effected by the Federal Reserve
Bank to steady the market during
the heavy war selling in September
were removed early this month.
The trading period for Govern
ment bonds in the stock exchange
which ends at o'clock, was not
affected by the Reserve Bank con-
trolls.