davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1939-11-01

could not have entered into 77B pro- ceedingS until 1944 without stock holders consent. The fact that the agreement was waived, and the stockholders relinquished their ab- solute control of the firm for the 23 per cent interest, constituted the consideration, the court said.
 "The plan allocates but " per cent of the estimated going-con- cern value of the assets to the bondholders," Jackson told the supreme court. "In return the bondholders surrender approxi- mately three-quarters of the prin- cipal amount of their claim, ac- cepting 641,375 shares of stock in satisfaction. Moreover, they are displaced from their position as first lienors and become stock holders, so that a new bond issue may be given precedence to their claims.
 On the other hand, for con- Sideration' without basis, the stockholders, who have no equity in the assets, are allotted g per cent of the assets and voting power which, in all probability, will enable them to exercise con- trol of the corporation"
 In asking the court to give a clear definition of what is flair and equitable" as applied to re- organization plans and to reassert the absolute priority" doctrine, Jackson said the problem reached l beyond the matter of protecting individual investors and has large influence on the economic welfare of the country. He quoted chair man Burton K. Wheeler, D., Mont, of the senate interstate commerce committee and the reports of that committee on railroad reorganiza- tions to bolster his point.
 JacksOn's Thesis
 The practice of circumventing the courts decision has led to complex corporate structures even after reorganization, and the re- taining of debt burdens beyond the capacity to earn has held the seeds of recurrent insolven- cy," Jackson said. He cited as an Outstanding example of the stra- tification of security structures" the senate committees investiga- tion into the Chicago, Milwaukee & St. Paul railroad reorganization where all classes of security hold CTS were permitted to participate, with the result the road returned for second reorganization within 10 years.
 Stocks carrying voting rights but no cash value "create the risk of fraud upon future purchasers, and are peculiarly susceptible to us as media for market manipu- lations," Jackson said.
 Jackson maintained also that the existence of "valueless inter- ests" permits the owners ito per- petuate themselves in control" of
The Waterbury Democrat., 1939-11-01
New York Stations
  WEAF--66O - WOR-7lO WJZ-76O - WABC-S6O

P. Nj.
 4:0O-WEAF-Backstage Wife, WOR-News. WJz-Ceremonies at Com
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The Waterbury Democrat., 1939-11-01

The government is supporting the bondholderS.
 The courts decision Ii 1t Is as broad as the government hopes would lay down rules of the treat ment of the claims of many thou- sands of persons holding securi- ties of different classes in debtor companies. It is believed the ruling might have broad effect on rail- road reorganization.
 Governments Case
 In an extensive brief, Solicitor General Robert H. Jackson told the court that its long standing doctrine of absolute priority" of senior grade securities in reorgan- ization cases is being circum- vented by the lower courts in approving reorganization plans Bondholder interests, he said, are being encroached upon by holders of stock and equity securities.
 This court has several times declared that the condition of participation by junior interests in a reorganization plan is the prior satisfaction of all senior claims" Jackson said. However, while paying lip service to the rule, the lower courts have at times exhibited a tendency to sanction plans which circumvent the rule
 Jackson told the court the set- clement ill the Los Angeles Lum- Der company case could furnish a guide for the Interstate Commerce Commission and the Securities and Exchange Commission, each of which has statutory authority to influence, if not control, the reorganization of financially weak concerns.
 The Los Angeles case was chos- en, Jackson said. because the gov- ernment believes it pictures clearly the devices" used by stockhold- CTS to bargain" against bond holders claims. The financial sit- uation of the company was this:
 In 1886 when reorganization was started, the company had outstanding $3,807 071 in princi- pal and accrued interest on bonds. 57,7SB shares of class A stock and 5,1lG shares of class B stock. As- sets amounted to approximately $830,0OO.
 The reorganization plan gives the bondholders 641,375 shares of $l par value preferred stock and class A stockholders 1S8,625 shares of 9l par value common stock preferred and common having equal voting rights.
 Court Background
 In approving a plan which grants stockholders a B per cent voting interest in the new com- pany, the district court held the stockholders had given a valuable consideration" which entitled them to increased participation. Under a previous agreement, the company
The Waterbury Democrat., 1939-11-01

According to survey, the averagel
 life of modern automobile is 8 IA years.
The Waterbury Democrat., 1939-11-01
ROAMING THE AIR WAVES
Dial Doings
By JIM PARKER

wATR broadcast announced in this column as m For those %o have missed the original here's brief All three oi the TOT tstn to participate in type of broadcast paned to set forth voed Charles Foster Vincent scu and John Ring will by general or pop ne on b po Ie Sv S Fv The name and address of the sender must accompany the question o trely Waterbury independent position present non-parssn boadcas this pe Several others planned during the campaign
 has reading assignment on Muturs Edgar Bergen is introducing Mortimer
 public sd of Charlie mecrhg Thgs and woud @
 Riggs show ~ @ S
 dangerous lady, guest spot Nov S.
 periodic ehufe program hghghts the Mutual network has revised fall many s Fridays beginning nonietta under the direction of Aed @ %n from G & with Rd the weekly m % w % e next n % two weeks several @ of the nat nations on top bands ncu parade '-''''
 There should be fun Jack Benn broadcast when the comic his version % of the hit
 S;,,. % M Morton Gould shortly @ -' this week so he can handle couple of new shows
 Sisters youngest stars They'll guesar with Fred Allen tonight his NBcRed show veteran Sunday morning kiddie shows and made immediate Just few weeks they their at and now the big time commercial shows beginning notice them heard them amazing with Allen, and know you'll join their regular following.
 . Tonight at o'clock the Hollywood Playhouse
 its curtain on romance with radio adaptation Between
 coorfu short story by Eleanor Mercen issue Of the Cosmopolitan Magazine
 opposite in leading feminine bad accident that lands the Furness of Boston misses his ship head on in the headed Ships provides not only spills and thrills exciting vehicle the combined
The Waterbury Democrat., 1939-11-01

11:00-N. E. Poultryman. 11:15-Highlights and Halftones. 11:30-Keep Fit to Music. Information Bureau 12:00-Noonday Musicale. P. M. 12:15-Melodic Moments. 12:30-Waterbury Democrat News. 12:45-Its Dance Time. 1:00-Yankee News. 1:15-Tone Tapestries. 1:30-Petite Musicale. 1:45-Off the Record. 2:00-Palmer House Concert Orch 215-Third Race from Narragan-
 Sett.
 2:30-Wishart Campbell, Baritone. 2:45-Fourth Race from Narragan-
 sett. 3:00-Palmer House Concert Orch. 3:15-Seven Men and a Mair,
The Waterbury Democrat., 1939-11-01
SUPREME COURTS DECISION IN s OBSCURE BANKRUPTCY CASEMAY
 HAVE A FAR-REACHING EFFECT
BY GILBERT STEWART, JR. United Press Staff Correspondent

Washington Nov 1-(UP)-The Supreme Court is con- sderng an obscure bankruptcy reorganization the de- termination of which, attorneys believe may have farreachng effect all future corporate reorganiza ons under section 7B of the bankruptcy statute The that of the Los Angeles Lumber Products Company, holding company owning the capital stock of Los Angeles Shipbuding and Dry Dock Corporation n which two minor y bondhoders conesng approved reorganization nInr
The Waterbury Democrat., 1939-11-01
FIRST LESSON

Miliza Korjus has given her five year-old daughter. also named Milisa. her first singing lesson, and will train her to follow tn her ioot- steps.
The Waterbury Democrat., 1939-11-01

a corporation. Manipulation of corporate enterprises for the prof. it of the controlling interests and to the detriment of the corpora tion itself" may result, he con- tended.
 Uncertainty as to relative rights, furthermore. gives stimulus to "obstructionist tactics" in reor- ganization proceedings, Jackson said, and the litigation becomes process of hagglng, in which endurance challenges legal position and junior security holders trade on their nuisance value in order to enforce levies upon assets, especially where senior securities are widely scattered and the valueless equity security are compactly held"
The Waterbury Democrat., 1939-11-01

More Men At Work" best de- scribes the hustle and hustle these days at the New Haven Railroads train shops in Readville, Mass.
 Over 1900 men are reconditioning the roads rolling stock under 8 $2,0OO00O program in anticipation of possible increases in passenger and freight traffic.
 Just a year ago, TIT men were on the shops payrolls which averaged $21 ,000 a week. Now 1902 workers are sharing weekly payroll estim- ated at about $36,000.
 The greatest jump in employment has taken place in the locomotive shops, where only 102 men were at work in October 1888. Right now 665 men are making this unit re- sound to the clang of metal on me- tai, to the angry hiss of blow torch es, to the deep-throated roar of fur naces.
 By the end of this year, the New Haven road expects to have over 270 locomotives, from the smallest to the largest, in tip-top shape at cost of some $1,500,0O0. The first of these entered the locomotive shops early last December, and the program is progressing lon sched- ule."
 In addition, over 250 cars-for use in passenger service-will have been made as good as new. This equip ment includes 102 passenger coach- es, 100 baggage cars, 25 streamlined coaches, 13 mail cars, eight com-
The Waterbury Democrat., 1939-11-01

WABC-Paul Whiteman
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 Sisters, Merry Macs.
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 zanne Sten, soloist. 10:45-WOR-Romance in Rhythm. 11:00-W -WEAF-European news. WOR-News, weather. WJZ-News; Chicago Opera.
 La Travita', Helen Jepson. WABC-News. 11:15-WEAF'-Fred Warnings Orch. WOR-Ozzie Nelson Orch. WABC-Al Kavelin's Orch. Shaw's Orch. WOR-Teddy Wilson's Orch. WABC-Benny Goodman
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 According to 8 survey, the averagel life of a modern automobile is IA years.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
WHETHER TO BE PRETTY OR
CHIC is THE QUESTION

Chic is an armor,' says one ex-
pert a brittle artificial high
style Of dress which shellacks
femininity with a hard veneer Of
fashion Some women have to
choose between the natural appeal
ing pretty fad 49,, or being a crea-
ture Of great chic This is per-
haps a trifle on the severe side d.
but there is no doubt but that some
women effect the wrong fad
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30

Harold Bledsoe, Mrs. Ida Taylor.
Mrs. Bernice Brown. Beulah ].
Brown, Mr. and Mrs Earl Davis,
Kermit Bailer. S. William Polk.
Frances Raiford, June Dickens,
Spencer Cary. Bassett Jones, Beulah
NJ NJ Robinson HsEEiedell Bryant.
Jack Willoughby, Mr., and Mrs,
Snowden Williams, Hewitt Williams,
Marian Fields McClain;
c. B. Fields, Mrs. Jeanette Bland
Cocker, Mrs. Thelma Bland, Cecil
Bland, Erma Langston, Walter Peo-
pies, Mr.. and Mrs Edward Parks,
Stanley Langston, Woldridhe Nit
chell. Mr.. and Mrs Thomas Harris,
Mrs. Willie Williams, Mr.. and Mrs,
John Randall, DR.. and Mrs. John
ID. Green, Mr.. and Mrs. Julian
Witherspoon. Mr. and Mrs, Isaac
White, Mr.. and Mrs Willis Ivy, Mr..
and Mrs. Henry Allen, Ollie Bur-
goyne, Mr.. and Mrs. Grove Lange,
DR.. and Mrs. Sparks, Mr.. and Mrs.
ECeeil- Rewlette,- Carolyn -Plummer,
Mrs. Velma Branam, Juanita Hobbs,
Mrs. Ann Roden, Mrs. Anna Lee
Simpson, Mr.. and Mrs. Weaver Glib
son, Mrs Robert Brady and scores
| of others,
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30

Moss wore black crepe with a gold
sequin top, and Mrs. Lottie Roxbor-
ough effected a black dinner dress
studded with rhinestones.
Assisting Mrs. Moss were; Mrs
Waddy Grimes, Mrs Isabel Plum
mer, Mrs. Julian Witherspoen and
Mrs. Willis Ivy A partial list
Of those who attended included: Mrs
Priscilla Gray, Mr.. and Mrs. Herdes'
Bickham, Ruby Allen Trimble, Rob
ert Pruitt, Mr.. and Mrs. Bernard
LAMAR, Wilson Northcross, Mar
iorie Greenidge, Charlotte Houston
Archer Collins. Marie Harris, Frank
Harris. Barbara lines, Harold Wat
son. Mrs. Beatrice Roberts, DR.. and
Mrs Robert Greenidge, Clementine
johnson, Edythe Ports johnson.
Joseph Craigen.- Eliza Boyer. Lillian
Brown, Mr.. and Mrs, Burrell Car
ter. George Hawkins;
Alberta McKeavey, Mr.. and Mrs
Richard Carter, Sonny Plummcr
Mr.. and Mrs. Lewis Mitchell Jr,
Mrs. L. NJ. Ports, S. B. Mcqueen
Mr.. and Mrs. Alonzo Hall, William
Henderson, Mr.. and Mrs Brumme
Penick, William Hall Jr., John Rox
borough Billy Allen Mr.. and Mrs
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
By GLADYS

The recently wed Charles Rox-
boroughs Jr, received friends by the
scores last Sunday evening, al the
home Of the brides parents, Mr., and
Mrs. Charles Moss, 452 King avenue.
The Moss home was a perfect set
ting for the reception, beautifully
appointed as il is Mrs Moss had
brought out all Of her rarest china,
glassware and silver for the affair,
and hers is some of the city's fin
est In the spacious living room
the receiving line was grouped be-
fore the checrily Lighted. fireplace,
huge palms thanked either side, to-
gether with the most gorgeous ster-
ling silver candelabra we have ever
laid eyes on.
An immense bowl OF white NUNS
snapdragons. baby's breath and cal
la lilies stood on the grand piano,
and in this setting stood young
Charles. or Sonny as he is fondly
called and beside him his pretty
little bride OF two weeks
Lorraine looked like a vision in
billowy white net, appliqued with
circles Of gold llama, she had brought
her flaming tresses up at the sides
in a very simple headdress and
caught them at either side with
white bebe NUNS. She wore GOLD
kid wedges and carried bouquet Of
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
Lorraine And Charles
Roxborough Honored

wore a creation OF white tulle band
ed from neck to hem with gold Sc
gums, with this she wore a short
sleeveless jacket, also banded with
sequins. Her hair was piled high
on her head, a huge belmont gar
denia nestled among her curls, Dor
othy Daniels had chosen a pastel
blue marquisette made on very
youthful lines, with off the Shout
der decoletage she carried a corsage
Of rose buds.
Elsie Roxborough and Xirgie
Brownlee, the groom's sisters, who
are in town for the holiday season
and for the reception, were also in
the receiving line. Elsie was slim
exotiquc, in chalk white crepe, very
severely styled, high neck and long
tight sleeves. The only note OF
color existed in the bands Of vari-
colored Sequins which trimmed the
neck, edge Of the cuff and the huge
patch pockets, which are so gooc
this season.
/ With this stunning outfit, Elsie
wore an unusually pretty bauble OF
her wrist Virgie was very sttrac.
tive in a black fitted crepe skirt
I long OF course, and the darlingest on,
of those sequin trimmed sweaters, il
a lovely becoming shade Of blusi
pink. Mrs Charles RoXborough wa
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
Feminine FoibIes And Fancies
BY GLADYS

wonders for her eyes She will
get a rush before that she will
have gotten envious glanees from
the women and they are the ones
who know
On the other hand chic
means that you must use head work
as well as clothes sense Chic
is for the more mature woman O.
the sophisticate They need not
resort the bizarre or extreme
1t is essentially groomcd look
that starts in the bathtub and
ends with a distinguished woman O..
with a definite clothes personality
, q. Her clothes are simpler than
merely pretty dresses
They must rely on line on
subtle details and for that rea-
son must be chosen with more care
They must above all things ex-
press the personality Of the wcarer
feat more difficult than you
would imagine.
TO Thine Ownself Be True"
is the code Of the chic woman
She is trying TO build up her in
dividuality . and she can never
do it unless she knows exactly what
she wants to look like She
must know herself
Che oannat sh... aaraIa.,zl.s
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
nd DECEMBER BRIDE AND GROOM FETED
North End
Voters Club
Entertoins

The North-End Voters league en-
tertained at a Christmas party Fri
day, Dec. % on Medbury. The party
was the climax Of the seasons sf-
fairs.
A short meeting was held ear
her in the evening at which Mrs
Sadie L.. Lindsay, the second vice
president, presided in the place Of
the president, Mrs. Eugie West Mrs
West was able to be present and
looked quite well despite her re-
cent illness.
Mrs. Paine reported on the work
of the social service department
and the number of baskets TO be
distributed during the holidays Mr..
Fordson and Mr.. Pitner each re-
ported on various meetings they had
attended recently
After rounds of bingo the mem
beFs and guests were served tasty
and bountiful repast. Present at
this gala affair we're: Mr. and Mrs
Fordson, Mr., and Mrs chatham, Mr.
and Mrs. Daniel West Miss L, West
Mrs. Ellis and daughter, Irene, Mrs.
Glenn, Mr.. and Mrs, Williams, Mr.
and Mrs. Walker. Miss Jones. Mr.
Pitner, Mrs. Paine. Mrs. Smith, Mrs
c. Flemings, Mrs S L. Lindsay, Mrs
S. E. traughn, Mrs. F. Barthwell
Mrs. A. Scott and Miss Theresa
West.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
CONANT GARDENS

Of Mrs. Brown and will leave hot
home after the Christmas holiday
IN CHICAGO
Mrs. Mary Jones OF Riopelle was
called to Chicago the past week,
her brother who resides there, being
seriously ill., Mrs. Jones is the
mother OF Nealus Walker and popu-
lar Susie Walker Robinson.
OUR SICK
In Worthwhile hospital are; Ruby
Harrell, Maxine Thompson. William
and Jafer Jones. We were glad to
see Mrs. Mary Mcqueen out again
after a siege of illness. We wish
a speedy recovery for all our sick.
CHRISTMAS PAGEANT
Maestro Walter West presented
the Pastors chorus OF Peace Baptist
church, 40 or more voices IN
colorful pageant, The Christmas
Story" Tuesday. Dec. 10 at the
church. The pageant was well
planned and the characters por-
trayed their roles very. effectively.
Rev. L. T. Clay is the pastor OF
Peace Baptist church.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30
MariOnettes In
First Annual
YuIe Breakfast

The Marionettes held their first
annual Christmas breakfast at the
7 Twilight dining room at Brush and
Medbury on Sunday, Dec. "a The
table, laiG for 10, was beautifully
and appropriately decorated with
tall candles in the holiday colors
cleaning silver and snow-white
linen. The setting was a perfect
one for the gala occasion. Each
Marionette wore white gardenia
with a red ribbon-the club flower
and the club colors.
Christmas presents were ex-
changed and many were the squeals
of delight as the packages were
opened for inspection. While await
ing the breakfast, which, by the
,May--waS- tit for king the-eid
, fashioned game Of gossip was
played. The results of the rapidly
whispered statements were amaz-
ing. How gossip does change in
its journey from person to person.!
After breakfast the entire club at
tended services at Ebenezer A.M.E
church Msrionettes present were:
Katherine Pitts, Matte Hill, Viola
Carson, Sadie Straughn, Ann Nc
MILAN, Mary Bailey, Josie Brog-
den, Thelma Williams and Virginia
Burnette. George Williams, hus-
band of Thelma Williams. was the
sole male representative. Mr.. will
liams assured the ladies that he
. enjoyed that distinction thoroughly.
Straughn, scribe.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30

MIR. and Mrs. Charles RoNborough,
-JE-pased- a-mnment- for the
Chronicle photographer at the
reception held in their honor last
Sunday night al the home of the
brides parents, Mr.. and Mrs.
Charles Moss of 452 King avenue.
The youthful RoxborOughs were
married two weeks ago in Napol-
con, Ohio. They are living at the
ROXbOrOugh home on Woodland.
Both are very popular among the
younger social set. In the second
picture, the ladies. charmingly
CARRIED, who received the guests
at the reception. They are, left
10 right, Mrs. Eulalia Hall, who
was stunning in gold metal
cloth gown; Dorothy Daniels, in
pale blue marquisette; Mrs. Claude
R0XbOrOugh, in ice blue satin;
Virgie Roxborough Brownlee, now
living in Charleston, w. Va, she
is the grOoms sister and was very
lovely in a black crepe skirt and
sequin trimmed sweater Elsie
Roxborough,. now living in the
Artists colony in New FORK City,
was slim sophistOcate in all-white
crepe and exotic jewelry; Mrs.
Lottie ROxborough, the groOm's
mother, very stately in black
rhinestone studded crepe; Mrs.
Charles ROxborOugh. Jr. in white
net and lame; Mrs. Charles Moss,
the brides mother. who wore black
crepe and aequins and Lillian
Brown, who was very pretty In
white tulle and sequins.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30

For example We will take
an average girl Of 10 She has
slender figure healthy COM
plexion and regular features
She may set out to buy a new eve
ming dress and decide to emphasize
chic Q. II so she chooses a severe
ly cut sheath-like gown with
it she wears her hair in a snood and
heaps barbaric jewels around her
neck and on her arms She
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1939-12-30

wears obvious eye makeup
brilliant lip stick but no rouge
wears her nails as long as they will
grow and paints them as red as she
can She will undoubtedly make
a hit with the stag line =. But
men don't know about clothes
To make hit with the femmes this
same girl should wear pastel gown
with fitted top and full skirt
let her dress her hair, sleam-
ing with cleanliness in soft
curls and adorn it with flower
Her lip stick and finger nails
are a soft rosy shade and
little rouge on her cheeks will work