davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-11
Text Of WILKES Narragansett Speech

term candidate was running for his
first term, he told us that our in
dustrial plant was all built. "A mere
builder of more industrial plants"
he said, "' is as likely to be a
danger as a help" And Candidate
Roosevelt went on to say this:
Our task is not necessarily pro-
ducing more goods. 1t is the soberer,
less dramatic business of administer
ing the resources and plants al
ready in hand.
No more industrial plants, nor
more of the new inventions, the new
investments, the new industries
which have in the past brought
about the continued expansion Of
America and raised our standard Of
living to the highest in the world.
The New Deal tells us that we
have a mature economy. There is
no more room for growth. Our in
dustrial plant is all built.
And what is the inevitable con-
clusion? Harry Hopkins has stated
1t more than once. 1t is that we
must resign ourselves to facing large
permanent unemployment. 1t is
that millions of our people will never
be able to find jobs. With that
philosophy also, emphatically dis
agree.
The gloomy theorists of the New
Deal seek to excuse their own fall
ure by telling us that the American
economic system is a failure. They
try to postpone their own finish by
telling us that America is finished.
The alibi is palpably false. More
than that, it isn't even new.
The prophets of despair are al
ways with us. Down through the
centuries, gloomy theorists have told
us repeatedly that progress was at
an end Nearly 100 wears apo a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-11

camps. When you vote in November,
make your vote mean that 1t can't
happen here.
Now when I talk about American
social gains, I am talking about the
preservation and extension Of social
gains in our free republic. My posi-
ton Is this:
First, I am solidly for the right
of labor to join together in labor
unions. Their right to bargain COL
lectively through agents of their own
free choice and the right to strike
are fundamental privileges Of every
American.
The safeguarding Of the rights of
free labor is one of the great princi-
Piles which sets us apart from the
enslaved peoples of the dictator
countries. The freedom and indie
pendence of labor are essential to
our democracy.
For Labor Relations Act
Before it Was Passed, and Now.
That is why I am for the national
Labor Relations Act. That act is a
simple recognition of law of labor's
basic rights. was for the principle
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-11

boss, stands up and tells us the same
thing all over again. And for eight
years the New Deal has been poison
ing our minds, and the minds of our
youth with this old disproven theory
that mankind has reached the limit
of progress.
This is the theory that I deny.
This is the theory that I am out
to fight.
I know that the American people
believe with me that that theory is
untrue. 1t is theory manufac-
tured for the purposes of politics
demagogic in origin and hopeless in
prospect. II the men who preach
this doctrine are given the third
term they seek, they may yet sue
coed in making that theory come
true. Then, with no one else to
work for, the State would be our
only master, and the permanent I'M
employed would be in concentration
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-11

United States commissioner of pat
ents solemnly reported that "the
advancement of the arts from year
to year seems to presage the
arrival of that period when human
improvement must end"
Democratic Committee
Repeats Discouraging Theory.
And at the very moment that he
spoke, the world was barely standing
at the Threshold of the modern in
dustrial era. Yet, in the face of
this example, two generations later a
Federal commissioner of labor an
nounced that there was no more
room for further marked extension
Of industry. And that was long be-
fore the invention of the telephone
and the electric light, not to speak
Of the automobile, the airplane and
radio.
Today the Democratic National
Committee, headed by city political
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-11

of that measure before 1t was passed.
I was for it after 1t was passed. And
I am for 1t now. AS President Of the
United States, I will see to 1t that
this law is vigorously and impartial
ly enforced.
You here in New England have
shown your understanding Of this
principle by the enactment Of pro-
gressive labor laws. have followed
with admiration the development of
legislation which guarantees the
weekly payment Of wages, which re-
quires that the worker be protected
against dangerous machinery, which
insists on proper working conditions
in factories and which insures the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-10-11

worker compensation when he is
injured.
want to see this course renewed
and continued. Here in this indus
trial region and throughout the
country every decent man hates the
notion that men and women should
be employed under sweatshop condi-
lions. To me, 1t is wrong that men
should have to slave for such long
hours, that Life is deprived Of much
OF its value. 1t is wrong that men
should be forced to work for wages
so low that they will not decently
support life.
1t is for that reason that I
heartily support legislation which
Continued on Page Bid
Evening star., 1940-02-14
January Cotton Marketing
Is Best in Recent Years
By the Associated Press.

Oy LIE Associated freSS.
Government reports disclosed to-
day that January was one of the
best marketing months for American
cotton in recent years.
A total of 1,756,771 bales moved
into export markets and into do
mestic consumption channels. This
volume compared with 1.459,415
bales in December and 887,646 in
January last year.
Exports amounted to 1,026,628
bales, or the largest monthly total
since November, 1885. while do
mestic consumption totaled 730,143
bales, or the largest monthly total
since March, 1887, when 776942 were
consumed.
Exports during the six months
ended January 81 were reported by
the Census Bureau at 4,161 043 bales
compared with 2,191 ,881 bales in the
corresponding period a year ago
Domestic consumption for the six
months ended January 81, 1910
totaled 4,041,845 bales, compared
with 3,396,840 bales in the CORE
spending six-month period of the
1889 marketing season.
Agriculture Department officials
said factors contributing to the in
creased foreign sales and domestic
consumption included conditions
arising out Of the war, the Govern
ment's export subsidy program and
a shortage of reserve stocks OF
American cotton in European coun-
tries at the beginning of the current
season.
Evening star., 1940-02-14
Bond Averages
By the Associated Press.

BY the Associated Press
NEW YORK, Feb. 14.-Bond trad
ers devoted their attention to new
offerings today and left the bulk of
listed issues drift fractions to more
than a point lower.
Syndicates heading the new $685.
100000 New York Triborough Bridge
Authority revenue bonds and $16,-
100000 Southwestern Gas & Electric
bonds reported strong demand for
both. The two issues were reported
at premium over the offering price
in over the counter dealings as the
session neared the final hour.
In the listed market, however,
most issues crawled to fractionally
lower levels
Chiefly affected were such bonds
as Erie SIS of rs, Studebaker IS,
Southern Railway As, Nickel Plate
41as, Allegheny stamped SIS of so
and Bethlehem Steel 31as.
Colorado & Southern AIS strobe
against the ebbing price tide with
a gain of around a point. Rock
Island general As of 88 moved up
narrowly in brisk dealings.
Widest mover in the foreign dollar
list was Helsingfors 6las with 7l2-
point gain, but only one bond
changed hands. Latin American
loans were again favored, Sac Paulo
stamped IS of so adding around a
point and Uruguay 37ss as much.
A handful of Federal loans ap-
peared on the tape at unchanged
to slightly improved prices.
Evening star., 1940-02-14
Foreign Exchange

NEW YORK. Feb IA lP).-The pound
sterling continued today the retreat Of the
past week or so. with fresh losses of nearly
1 cent in terms of the dollar.
in the foseien money % market about OUT 10 y DAYS
ago, sterling has since tended steadily
lower.
The French franc also moved downward
losing .003s OF a cent. but ocher major
rates showed a little more fight, The
while the Swiss franc gained ,00is Of a
The Canadian dollar, which has weak
ened along with sterling. lost another
Late rates follow tGreat Britain in dol
lars others in cennts,: ntl:s,
rate for United States dollars: 1000;
Montreal in New York. So SO: New York
in Montreal, lis 58A
Great dass RTi,sip hs demand asl ss5 ea6les s
3.91,s
Belgium. 1857: Denmark. 1898: Fin
land. 1.75n: France. 2.24ss: Germany,
40.20n benevolent, 1900: travel. un-
qu1ted> ftn,H o5 gregg 73n; HunsaEy 1a6Sn'
@ 'a Portusal d'ntsissos sssn: amania N0fSss sss
Sweden. 3.s3; Switzerland, 2243: Yugo-
slavia, 2.35n.
Latin America.
Argentina, oficial. 29.77: free 1895:
Brazil oficial. sos; free. $40: Mexico,
16.75n.
:; Japan; as4s; Hens 1is' kshs. s4ss: shans-
Rates in spot cables unless otherwise in
Evening star., 1940-02-14
College Treasurer Warns
Against Utility Bonds
By the Associated Press.

By the Associated Press.
NEW YORK, Feb. IA menace
facing United States universities to-
day is Investment in public utility
securities, Laurance G. Tighe, as
sociate treasurer of Yale University
told the American Bankers Associa-
, ton mid winter trust conference to-
day. He said:
This type Of security is the only
one that is now available in any
quantity. Every fund is buying
utility bonds in far larger quantities
than anything else. At the moment
they look all right. So did railroad
bonds 20 years ago.
THE utilities are highly vulner-
able to regulation by taxation or po-
litical Whim and the companies can
not keep on growing forever.
Some day their securities are
going to cause infinite aches and
pains"
Ben w. Utter, Los Angeles banker,
recommended outright purchase of
income producing real estate as a
part of the assets in a trust fund.
Robert S. Drew, Chicago banker,
recommended consideration of pre-
ferred stocks for investments suit
able to trust portfolios.
Evening star., 1940-02-14
| inventories Rise
Sharply in 1889
Last Half
By the Associated Press.

Edward j. Noble, Undersecretary
Of Commerce, estimated today that
American manufacturing concerns
stocked up $1,000, 100000 additional
inventories in the last half of 1899.
He said the presence of these huge
stocks was slackening new manu-
featuring in the early part of 1910.
His estimate was based on ques-
tionnaires sent to several hundred
manufacturers.
Industrial production, Mr.. Noble
said, started expanding last sum-
mer and spurted sensationally after
the outbreak of the European war.
But by December new orders had
fallen 10 per cent below deliveries
on old orders, and with inventories
growing it became necessary to
slacken output.
The estimates, based only on
manufacturers stocks and not those
of wholesalers or retailers, showed
that for 1889 as a whole inventories
increased about 71a per cent. A
small decline in the first six months
was more than Offset by 9 per cent
increase in the latter half of the
year.
Evening star., 1940-02-14
.CentraI's S Earnings
Show Big Jump
Late in 1899
December Net Reaches
A,126,402 Against
$259, ,083 Year Ago
BY the Associated Press.

BY the Associated Press.
NEW YORK, Feb. 14.-The ex-
tremely sharp upturn in railroad
traffic in 1899, especially in the final
months Of the year, was shown In
the December and full 1899 report
of the New York Central Railroad,
one Of the most sensitive barometers
Of rail traffic in the country.
For December the system report
ed net income after fixed charges
was $4,126, ,402, equal to 64 cents q
common share. This compared with
net income of only $685. 9,083 In the
comparable 1888 month.
In the IL months ended December
81 net income after fixed charges
amounted to $4,509 ,236, equal to 10
cents share Although this was
but $382,834 greater than for the
single final month, it compared with
deficit after fixed charges of $20,-
154,357 in the year 1888
For the month of December the
railroad reported railway operating
revenues Of $3l, ,8O1 ,523, against S29,-
l02,130 in that month in 1898, and
for the full year operating income
OF $34l ,086, ,708, compared with $685.
68l, ,195 in 1898.
Evening star., 1940-02-14
Jersey City Livestock

JERSEY CITY. N. j.. Feb. IA P.-
Omitted States Department OF Agriculture)
steers ON sale Cows active strong to Is
higher: medium. 6.00-6.50 cutter and
common, 5.00-5.75; Gamers 4.25-75.
Bulls slow, weak to % lower; good sau-
sage kinds. 6.75-7.25; medium. 625-50:
cutter and common. $4,000.
vealers and calves. salable, 40: total,
choice ssarbys 11.0O-13.OO; common and
medium, S00-10.O0: culls. 5.00-6.00 no
Hogs. saiabie. 70 I5o, on New York: 20.
on Jersey City,: total, 2,440. Butchers
mostly is lower: good and choice 16S
pounds 5.75; good and choice 22o-pounds,
Sheep ana lambs. none saiahae: total
1,670. No sheep or lambs arrived.
Evening star., 1940-02-14
Associated Dry Goods
Sales Show Advance

NEW YORK, Feb. IA (P.-Asso-
ciated Dry Goods Corp. reported for
fiscal year (53 weeks) ended Febru-
ary 3, unaudited sales by subsidiary
companies totaling SOL ,219,431, a rs
per cent increase over the previous
So weeks total of $56,941, 100.
For the fiscal fourth quarter "a
weeks the company reported $2O,-
IT'S, ,662, or 8.6 per cent higher than
the last IA weeks of the 1888 fiscal
year, which amounted to $l9 ,l28, ,919
Evening star., 1940-02-14
U. S. Treasury Notes
NEW YORK. Feb. IA LR.-Prices quotes
in dollars and thirty-seconds.
Boston Wool Market

BOSTON, Feb IA P.-(United States
Department of Agriculture) A few sales
were being closed on the Boston wool
market today The bulk Of the sales in
greasy lines was of low. cross-bred South
further demand from Canada An occa-
sional lot Of domestic wool was moved
Graded French combing lengths fine ter
ritory wools, were sold at prices. in the
were reported to have been rejected on
new Arizona wool offered at sealed bid
suction Tuesday; Estimates Of the SEQ, secured g
these bids. were about SO to "a cents.
Evening star., 1940-02-14
Dry Goods Market

NEW YORK. Feb. IA CP.--Print cloth
prices held steady today with sales of a
few scattered lots
Traders in gray goods regarded the
Governments January. cotton consump-
tion figures as rather high, although Offset
considerably by the fact that daily con-
sumption was about 1900 bales under
the rate in December.
Business in rayon gray goods was quiet
at steady prices Pigment taffetas and
all-rayon prints moved in fair volume and
converters expect a brisk demand with
the apnroach of the Easter season
raw silk is complicatine business in silk
fabrics.
The wooden goods market was spotty
and demand for mems wear slow. Manu-
facturers continue to reduce inventories
of spring cloths
Evening star., 1940-02-14
825 Tons of Lead Sold

NEW YORK, Feb. IA R.-St.
Joseph Lead Co. reported 200 tons
of Southeast Missouri pig lead sold
yesterday at $4.85 per 100 pounds
East st. Louis, ATS tons at $5.05
New York, and $50 tons at the New
York average.
Evening star., 1940-02-14

rim bankruptcy or receivership or beinn
reorganized under the Bankruptcy Act OF
Rates Of dividends in the foresoins table
are annual disbursements based on the
last quarterly or semi-annual declara-
ton. Unless otherwise noted. special or
extra dividends are not included Also
extra or extras. d Accumulated dividends
paid last year. Declared or paid sc
far this year Payable in stock gPaid
last year h Cash or stock Accumu.
lated dividends paid or declared this year
ur Under rule WV With warrants wv
Without warrants war Warrants.
Evening star., 1940-02-14
Electric Production
Drops 10 Lowest
Point for Year
Output Represents Loss
Of or Of ! Per Cent
From Previous Week
BY the Associated Press.

BY the Associated Press.
NEW YORK, Feb. 14.-Electric
power output dropped to 2,522, ,514, 900
kilowatt hours during the week
ended February 10 from 2541 ,35s, 900
in the preceding week, the Edison
Electric Institute said today.
Latest production represented q
loss of Z Of per cent from the
week before, but was lit per cent
more than 2.26S, ,3S7 900 kilowatt
hours in the comparable 1899 week.
The decline carried the Associated
Press index of power output to the
lowest point thus far in the year at
1853. This compared with 1854 In
the previous week and 115.5 a year
ago. The index, which is adjusted
for seasonal and long term trend, is
based on 1928 as 100.
,, 194o. 1899. 1898. 1887. 1896
EEsn11$ss Low 1888 12ss 12ss 1873 1873 11iis 1sas -
Percentage gains over a year ago,
according to major geographic areas.
were reported as follows by the in
stitute:
New England, 8; Middle Atlantic,
80; Central industrial, 1873; West
Central, 1874; Southern States. 13l:
Rocky Mountain, 1865; Pacific
Coast, At.
Evening star., 1940-02-14
New York Metal Markets

NEW YORK Feb IA R,.-Copper, quiet
electrolytic, spot. II .25; export, fa.s. New
York. II so. Tin. steady: spot and near
Spot New York. 5.00-5 .O5; East st. Louis,
4.s5. Zinc, steady: East ST. Louis. spot
and forward. $50. Quicksilver. 10000
1S5 90 Pig iron, aluminium, antimony,
platinum Chinese wolframite and do
mestic scheelite unchanged.
Evening star., 1940-02-14
FOREIGN Markets

LONDON. Feb, IA tP.-Domestic rail
shares we're bid up briskly in a narrow
stock market today Activity in the car
riers contrasted with slugsish trading
tempo elsewhere. Kafirs retreated follow
ing suspension of operations by two de-
velopment companies. British government
bonds moved slightly higher. Oils tended
downward but ruhbers moved UP with an
improvement in the commodity. Heavy
industrial and shipping stocks held
quietly hrm.
PARIS Feb. IA LPs.-Bourse traders
paid more attention to the Mannerheim
Line battle today than stock trading and
prices drifted narrowly Most foreign is
sues slipped down notch but domestic
equities put up show Of resistance.
Rentes ended centimes higher to 80
lower.
AMSTERDAM, Feb: "A R.-Moderate
losses were the rule in the bourse today.
Declines in domestic stocks ran to 8
points while recessions in most American
issued were measured in fractions.
LIVERPOOL, Feb. IA GP.-Cotton fu-
lures rallied after early losses to close
point higher to 2 lower. Steadier Bombay
cables near the finish offset the influence
Of yesterdays decline in New York.
Evening star., 1940-02-14

Also extra or extras.
Quotations furnished by National Asso-
ciation of Securities Dealers. Inc, which
states they do not necessarily reflect actual
transactions or firm bids or offers. but
should indicate approximate prices.
Evening star., 1940-02-14
Crude Rubber Futures

~ NEW se,, YORK: Fsb "a P-crude rub rub
19:02b: May. 1s.57b; July, 1924.
Evening star., 1940-02-14
New York Bank Stocks
New York Suaor

NEW YORK. Feb. 14-Sugar futures
No. 3 opened UNCHANGED to lower
March, 1.e6b: May, 1873 July, 1.99; Sep
tenber, 203: January, 2.02.
Evening star., 1940-02-14
Dividends Announced

NEW YORK Feb. 14-Dividends an
nounced. Prepared by Fitch Publishing
Co.:
Initial
Pc Stock of Pay
Rate riod. record. able.
Virginia Rwy Co 62hc 3-16 3-26
Extra.
Clark Equipment - Csc 2-27 3-15
Beech-Nut Pack ---25c 3-S Al
Increased.
Newberrv ] ] Co - 6Oc ais Al
Master Elec -- 60c @ 3-5 $50
Wilson Prod ------2 20c @ 2-29 81
Accumulated.
Bucyrus-Erie ~ pf S1.75 @ $40 Al
Easy Washing Machine
III pf 35c 6 3-15 Al
Monarch Knit 79a pf ST - 2-14 2-2e
New England Pub Svc
g e. sf ss lien lie ,s5 pr nt s71ssc sc 81 AIR
Peabody Coal 81 of So - 2-26 81
Evening star., 1940-02-14
FREIGHT CurIoudinas

NEW YORK, Feb IA P-Reyenue
freight carloadings on railroads reporting
today for the week ended February 10 In
cluded:
Feb. 10. Pr. Week. Yr. Ago.
Norfolk d West 23404 24,OI5 l9,T46
Chesap & Ohio 1882 3194O 1885
Nickel Plate 15.s06 1864 1886
Pere Marc. 11,242 l1,742 9,46l
Evening star., 1940-02-14
New York Curb Exchange
Re-eIecfs Chairman
By the Associated Press.

NEW YORK, Feb. 14.-Clarence
A. Bettman. member of the broker
age firm of Connell & Bettmann,
yesterday was reelected chairman
of the Board of Governors of the
New York Stock Exchange for a
term of one year.
Jess w. Sweetser, United States
amateur golf champion in 1922, who
heads his own firm, was named a
class "B" governor.
II you can't drive carefully, don't
drive
Evening star., 1940-02-14
Insurance Stocks

NEW YORK Feb. IA P-National
Association of Securities Dealers. Inc.
Evening star., 1940-02-14
NEW YORK CURB MARKET
By private wire direct to The sssr.

Stock and Sales
Dividend Rata. ADD On
Evening star., 1940-02-14

N yUU Cd1 uTIVc CdTcIuIIy, uUu
drive.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-09-19

Bachelor Women
Would Tax Men

SACRAMENTO. Cant. In
creased taxes on bachelors Tor the
relief Of needy ''baebsior women.
we're proposed "Wednesday ~ .
Los Angeiss group IN artieiss ~ IN
corporation filsd sifb sserstary q
state Paul Peek foe Ta1 Ths
HaehsioFs League. fne
Ths group. headed ~ Mrs. J
wlnlffsd Via. ~ Los Angeles. sashs
higher income taxes on haehsioFs
over ~ years o. age. Ths "haehsier
women who would benefit from
the proposal also are defined as
over -. The program 81 the or
Esnlxatioa ~sa outlined a. follows
To inform ths pubic sh4t cider
U bachelors bar an safairly
small part q the tzx burden. pet
they avoid the expens@ - . fam
~. ths anguish u having soldier
sens. and. generally. avoid military
seryies. DUE 10 advanced age.
= To educate tbs pubic 70 give
4 a. much social respect 70
s'baehelor Nomen~ ~ 10 bachelors.
and % encourage ass o. the tsrm
'baehsiorsfts~ In place II me term
old maid {"
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-09-19

WEIR given the dzy off 70 at
tend the fair.
II was also Army day and si-
tendance figures were expected 10
b. sNsllsd by approximately 100
enlisted men from Fort Lsa1s and
Mcchord field. who were given the
afternoon off Special baasss. BE-
ginning at O'Clock. transported
the soldiers from Fort Lewis 70
the fair grounds
Two accidents m@rfsa the
days eyents ~ the Hestsfn
Washington fair Tuesday.
During ths rodso events In ths
evening Gene Collins Of lewiston.
Idaho. received chest injuries while
In the chute getting ready to ride
the bs1eklng horse. VIII Hogers
According 70 helpers. the horse
reared. catching Collins between
his saddle horn and ths rear o. The
wall q the chute He vas removed
Continued % Page ,. Column 81
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1940-09-19
Commissioners Lei
z Courthouse Jobs

Contracts. totaiing to.t5o. we're
awarded Tuesday Afternoon ~
county commissioner 10 two T.~
coma contractors for remodellnx.
repairing and Installation Of nav
plumbing IN iaxstoriss AZ the court
house. J. y Graham vas iow
bidder Al $3.50 on ths general
contract work. while the nowxh-
crigEs CO. waz awarded contract
for plumbing on bad Of tf.fs4.