davidaulloa/AmericanStories huggingface dataset:
Evening star., 1940-07-24
United Light & Power
Files Plan With 5. {. {.
Hy the Associated Press

By the Associated Press.
CHICAGO, July 24.-United Light
e. Power Co. today filed with the
Securities Exchange Commission a
plan for recapitalization designed to
eliminate dividend arrearages on
the preferred stock and to meet
requirements of the Holding Com
pany Act.
The plan proposed creation OF a
new class of stock capitalization,
shares of which will be exchanged
for preferred and class A and b
common now outstanding. 1ndi-
Gated distribution would be on a
basis of approximately 90 per cent
OF new stock to preferred stock
holders and 10 per cent to class A
ana B shareholders.
The recapitalized company would
have a total authorized capital
stock of $72,000,000, composed of
100000 shares with $12 par value.
Now outstanding are 600 600 shares
of s6 preferred, with arrears Of
$49.50, and 2,42l 1872 shares of class
A common and 1,055,57 Of class B.
Evening star., 1940-07-24
GanneH Co. Reports,
Profit Of $7o7,2D !
In Six Months
I y.
Result Compares With -,
$645. .090 Earned in IL.
Same 1899 Period =
BY the Associated Press.

By the Associated Press. 3,
NEW YORK, July 24.-GannlA
Co.. Inc, and wholly -owned sub.
sidiaries reported for six months
ended June 80 consolidated net
profit, including equity in undis-
tributed net profits of controlled
companies, of $707,273. This COM
pared with profit Of se45, 900 in the
first half Of 1899.
Simonds Saw. -s-a
Simonds Saw & Steel Co. reported
for six months to June 80 net in
come of $75s,37l, equal to $1.s2 q
share on the common stock, COM
pared with $371, 1,346, or rs cents. 4
share, in the Ike 1889 period. 80
Loose-Wiles Biscuit. a..
Loose-Wiles Biscuit Co. had net
profit Of SAL ,30s, equal to e6 cents
q common share, In the six months
ended June 80. This compared with
1882 $40, or 54 cents, in the first
half of 1899.
Simmons Co.
Simmons Co., bedding manufac.
turers, reported for six months end
ed June 80 estimated net profit of
$1,055,541, equal to 81 cents a share
on the capital stock, compared with
$708 ,092, or 81 cents a share, in the
comparable 1889 period.
Bridgeport Brass.
Bridgeport Brass Co. reported for
six months to June 80 net profit of
$500, ,167, equal to 81 cents a capital
share, against $67,S40, or 7 cents q
share, in the first half of 1899.
Master Electric.
Master Electric Co. reported Sec
ond-quarter net profit of S242 684.
equal to 81 share, compared to
$l46,191, or 60 cents q share, for
the corresponding 1899 period.
Dixie Vortex Co.
Dxie-Vortex Co. reported net.
profit for the IL months ended June
80 Of 1925 ,007, equal after class "a"
stock requirements to $1.87 a share
on common stock. This compares
with net profits of $819,978 for the
same period a year ago, or $1.84 a
share on common stock, after class
"a stock requirements. :.
Brunswick Bake. r.
Brunswick Bake Collender 90.
reported for the first six months of :
1910 net profit of $538,71 equal to-
$l.05 share on the common stock,
compared with $374,83l, or 81 cents
in the like 1889 period. "a
General Theaters. "a
General Theaters Equipment Corp.
reported for six months ended June
80 net profit of $408,318, equal to So
cents share on the capital stock,
compared with 1923 ,230, or IS cents
in the comparable 1889 period. 49,
Evening star., 1940-07-24
Miscelianeous Markets,

Additional New York markets tas COM
piled BY the Associated Press:
C0FFEE-Spot quiet: Santos No. 4.
81a-7h: Rio No. Z. 5A. COST and freisht
onerings included Santos Bourbon 3s and
IS at a.40-7 90. Santos No. a .pr fu-
lures closed 2-3 lower Sales. 500 bags.
July. S.6S: September. 5.T4; December.
5.94n.. Rio No. IA futures UNCHANGED.
s ss.. sNses Ss to
e1ee 39,e6sF 1en 5snu:sy ssSs ;e,.r
SAILS, 22.4OO lbs. July. 81 81 lan:. No
Z. WOOL ToPs-Putures closed IA to 1s
ber. 81 90: March. ss.4S. SPOT. standard
cocOA-Futures closed IA to Is lower
Sales, 1921 tons: September, 4.15n; De-
CRUDE RuBBER-Futures closed 4
higher to % lower. Sales. No. stand
ard, 80 contracts. July. 21.7S; eeptem-
Der, 1914; December. 1S.83-65. Smoked
RAW HIDEs-Futures closed 1917
higher. Sales. 4,12O,OOO pounds. septem-
Der. $50: December. 9.O2-O3: March,
a:1ab. Spot. No, 1 Western light native
% RAW HinEs-rutur.s No. 1 closed un.
CHANGED to 3 hisher Sales. go bales
July, 2.52 2k-53: August. 2.501ab: Sep
tember. 2.49lab.
Evening star., 1940-07-24
Chicago Grain
BY the Associated Press,

0y tne AoSOClAteo frebS.
CHICAGO, July 24.-Corn led q
strong rally in grain prices induced
by the hot weather today, scoring a
gain Of alr~ost 4 cents a bushel at
one stage. heat was up more than
2 cents.
Although latest oflicial reports in
dicated corn was progressing favor
ably In most sections of the belt, re-
cent private reports have told of
firing, tasseling on short stalks and
withering leaves. Need of general
widespread soaking rains in addition
to local showers recently prevalent
over most of the belt was stressed.
Corn closed IL -2's higher than
yesterday, September, 62-621s: De-
cember, $685.. Wheat. 1h-l1s up;
September, 74s4 -'s; December, 76h-
rs. Oats, 3a-7a higher,
Evening star., 1940-07-24
Certificates Issued
To Three AirIines
BY the Associated Press.

0y VIC ASSUCINteQ FIeSSs
The Civil Aeronautics Authority
issued permanent certificates today
to Pan American Airways, Inc, Pan
American Grace Airways. Inc, and
Panama Airways, Inc. all parts of
the Pan American Airway System,
for their established routes in Mex
leo, Central and South America and
the Caribbean area.
The certificates were issued under
the so-called grandfather" clause
Of the Civil Aeronautics Act which
provides that airlines performing
satisfactory service at the time of
enactment were entitled to certifi-
Gates to continue in operation.
Evening star., 1940-07-24
Chicago Produce

81 trucks: unsettled; hens, over s pounds,
IAN; s pounds and under, 1914; Leghorn
hens llh: broilers IN pounds and
1e; springs. pounds up. White Rock.
1eh; ducks, 4h pounds up. colored. o;
white. 9; other prices UNCHANGED.
UNCHANGED. Eggs, receipts .17,429; easy:
fresh Graded, current receipts, 13; dir
',nsi.n1.A1 ties; LII; checks, 1lA; other prices
Potatoes arrivals. 1875; on track, 281;
total United states shipments, 800; SUD:
plies moderate: demand very slow: market
no sales reported. Idaho Bliss Triumphs.
9. 8. No. J. l.45-1:s5 Idaho long whites.
q 8. No. 1, 40: Idaho Russet Burbanks,
q. .. No. /. 2.1b: Washinston long whites,
q. 3. No. 1. 2.3b: Nebraska Bliss TIiumphs.
fair to good quality. 1.20-1.3 .36; Nebraska
Evening star., 1940-07-24
Farm Cash Income Off
Sharply During. June
,y the Associated Press.

BY the Associated Press.
The Agriculture Department re-
ported today cash farm income from
marketing and Government pay
ments in June totaled $587, 600 900 as
against 1888 900 900 in June, 1899,
and $500, ,000, 900 in May of this year.
The decline in income from farm
marketing from May to June, the
department said, was attributable
partly to the lateness of the season
which reduced sales of early wheat,
apples and peaches, and partly to
the reduction in prices of livestock
and livestock products.
Evening star., 1940-07-24
Mclnnerney on Board

NEW YORK. July "A R.-
Thomas H. McInnerney, president
Of National Dairy Products Corp,
was today elected to the board OF
directors Of the Metropolitan Life
Insurance Co.
Evening star., 1940-07-24

r In bankruptcy or receivership or beins
reorEanized under the Bankruptcy Act. OF
securities assumed By such companies
Rates Of dividends in the foregoing table
are annual disbursements based on the
last quarterly or semi-annual declara.
ton Unless otherwise noted. special OF
extra or extras d Accumulated dividends
paid las. year Declared or paid 50
far this year PAYABLE in stock Paid
lated dividends paid or declared this year
" Under rule wv With warrants xv
without warrants var Warrants
Evening star., 1940-07-24
Commodity Prices

NEW YORK. July o4-The Associated
Press weighted wholesale price index Of
3b commodities today declined to o9.62,
Previous day. day: 1885: week ago, 7o.ss:
month ago. y 81: year ago. GAL
1870 1899. 1898. l933-37.
Hish - 1929 1922 74.37 9s.l4
Low $685. 637S 63s6 4l.44
1QoR aYerARe eaualA l0nl
Evening star., 1940-07-24
New Orleans Price

Cottonseed oil closed steady. Bleachablo
prime summer yellow. 5.95n; prime crude,
5.00b. July. 5.4Sb: September 5.54b; Oc-
tober. 5.55b: December, 5.6Ob; January.
5.6Ob.
b Bid Nominal.
Evening star., 1940-07-24
Odd-Lot Dealings
~ the Associated Pres

By the A180ClAted FfeBS.
day these transactions By customers With
odd lot dealers or specialists on the New
York stock Exchange for July %: 1,638
sales invoivipe 44.z77 shares. Including 63
short sales Involving 1881 shares.
Evening star., 1940-07-24
New York Cotton
By tie Associated Press,

BY Ire Associated Press
NEW YORK. July 24.-Cotton fu-
lures advanced today under the i'm.
petus of trade, spot house and pro-
fessional buying. Offerings were
limited. Demand was stimulated by
steadiness at Liverpool, firmness in
grains and apparent indifference by
the trade to a favorable weekly
weather report.
Midafternoon prices ranged 6 to
II points higher; October, 9.4O;
May. 8.89; July, 8.67.
Evening star., 1940-07-24
Foreign Markets

LONDON, July "a iP.-ouotations were
marked up IN the stock exchange today as
general reaction to the Governments budeet
messsee appeared favorable
dilt-edsed securities staged a last
minute. rally !ndustrials. especially to-
naccos; which drew = less-than-expected
:, Department store stocks we're firm on
the theory that the new taxes would not
unduly interfere with retail trade. Dividend
hones again advanced domestic rails
The low.yield market extended the ad-
vance Of Tuesday. War loan 3hs were
Kafirs coppers and other base metals
continued their advance. Rubbers were
L1vERPOOL.-Tradec calling and outside
buying. principally in near months, re-
suited % n . further advance IN cotton fu-
quotations would Be based on October IN
stead Of July aided sentiment. Java was
cambrics At Lancashire. Final prices ware
o to 15 points hisher.
Evening star., 1940-07-24
Freight Loudinqs

NEW YORK. July "a R.-Carloadines
OF railroads REPORTING today for. the week
ended July 20 follow:
Evening star., 1940-07-24

0pvSA0tAQ ~ ". a.
Air Assoc (.So)--
Ala Power pf az
Alum Co Am (2e)
Alum Ltd (3e) =.
Am Cynam 3 so
Am Export Soc.
Am Gas 4 81 100
Am G&El pf Ats.
Am 9enenl-
Am Republics
Am Supsrpower-.
Am Superpwr pf-
Ana Superp'r 1st-
Apex Elec (.25e).
Appal d p pf 90
Ark Nat QAstA)-
Ashland OAR 40.
Asso @ 4 Elec(r).
Asso GAE (A)lr)
All Coast Fish
Atlas Plyw'd 1.50
Automat Prod
Babcock & W.60e
Baldwin Lro war
Bath Iron (.25e)-
Beech Aircraft.
Bell Aircraft -.
Bell Tel Can (S)-.
Blue Ridge -
Bra xilian TrL&P
Bree8s Corp .60g-
Brewster Aero -.
Bria-Am T .573e-
Bunker Hill Soc
Can Col Airways-
Can Mar W .o4s-.
Carman tB) -
Catlin (Am) Zoe
Ceian pto pf l7aI
Cent HG&E (.SO)
Cent ny Pw Of s.
Cent States Elec-
Childs pf 1900.
Cities Service
Cities Service Of
Cities Svc p & 1t
pf 60 .15k
Clayt & Lam .10e
Clsv Tractor
Col Fuel 4 | war
Colts Pat F A ~
Coiumb thl 4 Gas
Comun p s 1.80a
Consoi Gas&Eleo
BALTIC pf B $50
ConSol MAS (1Al
Cons Steel Corp
ContlG&D pr pf !
Cooper. .Bess 80.
Copper Rango--
Corroon 4 Reyn
Corr'n&Rpf 4.5Ok
Creole Pstr .60a
Wheeler.
Crown Cent Petr-
Darby Petroleum
Decca Rec so
Divco Twin T.25e
Duke Power 1.50e
Eagle Pich l. .10e
Eastn G&F gpf
e G&F prpf 2.25k
Economy GS d.
Elec Bond Il Sh
Elso 3 & 8 Of (6).
Eleo 3 & 8 pf tS)
Elec p & L war
Elec Pol I'd Of A
Emerson Electric
Emp G&F 8 q Of
Emp G&F 3 y pf-
Equity Corp -
Equity CIV Of ~.
Esquire t.60)---.
Fairchild e 4 A
Fanny Farm l.60
Ford Ltd (.l6gl ct.
Gen Alloys -
Gen Share pf(6h)
Ga Power pf ts)
Glen Aid c .375e-
Golddeld Consol
Gulf st Ut pf $50
Hecla Min zoe =.
Hires (CE) 1.20-.
Horn "a CO. -.
Humble Oil .75e
Huyl Del Of sttr)
lll.la Pwr div ct
Imp Oil Ltd Boa
Imp Oh reg .60a
Ind'apP&Lpf $50
lns Co N Am "a
Int Cigar M tz) =
Int Pa&Pwr war
int Petrolm $50
Int Petm reg $50
int vttAmin l.30I
Inv Royalty coo
irving Air Ch t1l
Jacobs Co
Jer opal pf ~
Jones Il Lau Sti
Koppers pf lSl
L.akey Fdry 4 "a
LehtEh Coal
Evening star., 1940-07-24

Cottonseed Oil.
Bleachable cottonseed oil futures closed
1-2 higher. Sales 20 contracts. Seotember
6.O4b; October. 6.O5b; December 6.O1b;
January, 6.0Sb: March, 6.15b.
New Orleans Prices.
NEW ORLEANS. July "a R.-Good
cables. trade buying and strength in
other commodities bolstered cotton fu-
lures today. Closing prices were steady.
L. to Ii rAints net hi4her
Evening star., 1940-07-24
London Tin Prices

LoEgB92eE g9es July a, e19.-Tin s,ss.sdy;
E26o los bid. 1895 lbs asked.
Evening star., 1940-07-24
ChieaEo Cash Market.

ChieaEo Cash Market.
Cash wheat. No. l red. ~: No. ., ~:
No; 3. ,!6lz: No: 1 hard. IS: No. .. 74h-
74SA; No. B. 1;3'.-14A: No, i: dark hard.
No. ,. 74-14h: No. 8, 73N-74A. Corn,
70. ] mixed. 4; Ny. | yellow. sbs-679
No. =. a9I--3Oia: No. g. a8Is-S0. Soy
beans, No. yellow. T9-791: No. 3, 7S5.-
.SL4. Barley. ma altins. 4S-54 nominal:
feed. 3o-45 nominal sample Grade. 45.
Baltfnore Quotations.
I BALTIMORE. July "a ,Fe.-wheat. No
z red winter, Garlicky. spot. domestic, 1s;
Evening star., 1940-07-24
New York Sugar

NEW YORK, July "a R.-Liauidatton.
chiefly in the form OF switching from Sep.
tember to January. dominated an other
wise quiet trading in domestic sugar fu-
tures today Prices in midAfternoon were
/ to 2 points lower; September; LIS: jan
World futures were virtually inactive
despite reports that Russia again was buy
ing Peruvian sugars. sale ofMafch ut
1.O4 OF "a. was the only business up to
midafternoon.
Raws were quiet and offered at 2.70
cents.
Refined held at 4.3O-35 cents . pound
and Withdrawals were reported as fair.
Futures No. closed 3-4 lower. Sales,
16,6OO tons.
Sept. ------------ l.ss ~ 1.73b
Jan. -- 1.e3 1.S1 SOB
Mar. 1.e0 1.65 1.Ab
No. I futures 2-3 lower. Sales, 400
tons.
Sept. - 90 .e6 .95b
Mar. r.- l.04 1.04 1.01h VI
Evening star., 1940-07-24
Chicago Stock Market

CHICAGO. July "a P-Following is the
comp. .eRist Of transactions on the Chi
caeo stoek Exchange today:
Sales High. Low. Close
100 Adams OIL 8. Gas AZ AZ Al.
Evening star., 1940-07-24
New York Bunk Stocks

rants. New. st (stp)-Stamped
aNegotiability impaired By maturity.
Evening star., 1940-07-24

- srivsss wire a,rsss - 1ss star.

Stock and Sales
Dividend Rats Add 90
Evening star., 1940-07-24
BONDS ON N. Y. STOCK EXCHANGE

" Srivsssi virs airsss y TSs stss.
Evening star., 1940-07-24
NEW YORK CURB MARKET

Stock and Gales
Dividend Rats. Add 90
Lynch Corp ~ :. Sos
Evening star., 1940-04-03
5. {. {. Seeks Curb
On Investment Trusts
To Prevent Abuses
Passage Of Legislation
At This Session Urged
By Robert {. HeoIy
BY the Associated Press,

BY the Associated Press
A member of the Securities Com
mission yesterday proposed Federal
regulation of investment trusts to
end what he termed a shocking
record of mismanagement in the
business.
Testifying at the opening Of a
Senate Banking Subcommittee hear
ing on regulatory measure by
Senator Wagner. Democrat. of New
York, Robert E. Healy asked on be-
half Of the commission that Con-
gress enact the legislation at this
session.
Il am convinced, as is the entire
commission" he said, that unless
these companies are supervised they
will represent a source Of injury
to the investor exceeding any social
or economic function they may
serve"
Cites Shrinkage of Assets.
Mr.. Healy testified that in the
last IS years the American public
invested more than $1,000. .0O0, 900 in
investment trusts and investment
companies, the assets Of which are
now valued at approximately $4,000,-
000 900, representing $4,000, ,000, 900
shrinkage
The witness said not all invest
ment companies had been guilty of
"abuses" found by the S. E. c. in
an investigation.
Record Termed "ShOcking."
But I must say" he asserted,
"that, considered as a whole, the
Evening star., 1940-04-03
q THE EVENING

record Of the industry is shocking
The most pessimistic prophets Of the
dire consequences to the investor OF
unregulated investment trusts has
been justified"
Mr.. Healy expressed the opinion
that the proposed legislation would
tend to restore public confidence In
them.
Among other things, Mr.. Healy
said, the bill would require regis
tration Of ofncers. directors. mana
gers and underwriters of investment
trust companies SO as Ito prevent
persons with unsavory records from
occupying these positions. where
they have so much power"
Evening star., 1940-04-03

dicted that the volume of home
construction this year would be the
highest In IL years.
He reported these records for the
week ended March 30:
Work was begun on 3,274 homes
under F. H. A. inspection, COM
pared with 1896 in the preceding
week and 1922 during the peak
1899 period. Applications for F.
H. A. mortgage insurance on new
homes totalled 1895, compared with
4.434 In the preceding week and
4,268 in the best week last year.
Mortgages selected for appraisal
totalled 6.565, against 6,50l in the
highest in 1899.
Evening star., 1940-04-03
e. H. A. Business Reaches
Three Hiqhs in March

By the Associated Press.
Stewart Mcdonald. Federal hous-
ing administrator, announced to-
day that F. H. A. business had
established three high marks in
the last week of March and pre-
Evening star., 1940-04-03
1arter No. 41O7 Reserve District No.
REPORT OF CONDITION OF THE
National Capital Bank
of Washington

In the District Of Columbia. at the close Of
business pm March 20; 1910: Published - y
Currency ~under Section 5211. U. g. Re-
viSed Statutes,
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1940-01-26

ences, psychology, philosophy, So
GEOLOGY, economies and political sci
ence, which are essential to the po-
tential lawyer as the study of anat-
omy is to the embryo doctor. He
finished his legal studies in the Of
fee of Abraham Van Vechten, hon.
ored counselor of Albany, New
York.
Being a gentleman of the first
class and acquainted with the polit-
ical figures Of the state, while in
Albany stopping at the Gregory's
hotel, he met and renewed his
friendship with Governor Ogden of
New Jersey.
After a while he moved to New
York City where he associated with
the white men of his profession,
lived in the best hotels, dined at
the most exclusive cafes, enrolled
in the social prominent dancing
academies and had for his dancing
partners the white ladies of his
social sphere.
Any information concerning this
column write in care of this paper
or 1912 Elliot Ave-, Minneapolis,
MINI.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1940-01-26
Change in Negroes Politics

southern indicate that at least candidate for
presidency Republican been sold the idea that he gather
used when the Negro the issue
American politics
nothing to do with fair taxation competent
statecra Yet for generation the
The change reasonable course
politics sdenes where both for his sake and for
Americas sake he should stay
the old idea be revived
of the old order Reckless Of their
welfare and Indifferent to their races Negro poll
their lives organizing state political
barber shops again trying the old
the fact which shows through the current political stories
the Kan would ride again. the lily
CLEAN politician field behind their reapng busy trying to
the Republican nominee.
quicker than the the odtme three-she
that he believes by continuing to his
eght The public the Negro old
would 1910 the old
which used faten their the of their
people.
the Negro public deceived But is of conse
candidate persuaded either that the
citizenship basic principle this nation The
this
Negroes Unless he has the intelligence that
their motives correctly he is of
believe them No all versed
ignorant of their records than pioneer
of the Benedict Anod Christians of him
who his Savior for 80 pieces of silver
But will that he they, the
on They For they have had thought
change Negro who carried them promi
horse bears its rider demanding substantial
returns for support
But suffer defeat in the election the
a back gained nominaton.-The Call.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1940-01-26
"Uncle Bliss"

Uncle Bliss was in a philosophic
mood when we caught up with him
the other morning, on his way to
catch street car. The wind was
blowing up a blizzard and we
couldn't talk much until we were
safe on the car but once inside
"Uncle Bliss" began his discourse.
Time and space does not permit
the writer to reproduce "Uncle's"
remarks in his own picturesque
language, but this is the gist of
what he said about values:
Perhaps the most essential thing
in life is sense of value. A good
sense of value transcends the ma
terial considerations in life. Value
may be intrinsic and extrinsic. 1t
is extrinsic when computed on the
basis of the price which an article
will bring if placed upon the mar
ket. Thus the extrinsic value of a
stamp is three cents; but to an in
dividual who wants a stamp for a
reason which will give him more
satisfaction than placing the stamp
on a letter, the value is increased.
1t becomes intrinsic. He alone can
determine its value.
Thus life itself is intrinsic. 1t is
worth what each individual be-
lieves it to be worth. To the gal
liant and the brave, to martyrs and
crusader it is worth less than the
principles for which they fight. To
the doctor whose job it is to save
life, life is everything. .a, "a.
When value is extended to the
realm of time, it is again intrinsic.
To the idler fishing in a stream in
the cool of the evening time means
nothing. To a railroad engineer,
and a timekeeper at a track meet,
it means everything.
The value of an experience, the
value of time and money are i'm
pressed forcibly upon US under GER
tain circumstances. We often do
not realize the value of a cent I'M
til we wish to mail a post card and
find that we do not have a penny.
We sometimes place no value upon
time until we arrive at the station
at SOL and learn that the train
pulled away from the station at
500. We forget the value of health
until we are ill, and think not of
the value of water until we are
thirsty, and no water is to be OBJ
tanned; and we often fail to recog-
nize the value of an opportunity to
lead, to serve and to learn until it
is past.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1940-01-26
Communication Systems
Revamp>d by Mussolini

Benito MusSolini's conviction that
highly developed communications
are indispensable in time of peace
or war has spurred Italian engineers
to prepare for either even,uality by
building machinery and technical
equipment probably unmatched by
any other nation
Italian engineering genius has
given to Italy the worlds fastest
electric locomotives and the most
powerful radio shortwave station In
existence. and is engaged in plans
for laying down telephone cable
between Sicily and Africa which will
be the worlds largest
Over a network Of 1000 miles Of
track-the largest network Of cleo.
trio railway yet built by any nation
Italian locomotives pun passenger
trains at speeds varying between so
and 100 miles an hour.
On test run between Naples
and Rome recently an electrically
powered passenger train averaged
los miles an hour. attaining a top
speed of lbs miles When these
electric behemoths whiz through the
quiet Italian countryside watchmen
close the gates at road crossings
FIVE minutes before the train is due
lest any peasant with his horse
drawn cart be caught on the track.
Electricity. generated from Italy's
only major natural resource-water
power-is adually coming to be
the most used fuel in Italy's trans
portation system. Italy's first sub
way train. which will transport o.
900 passengers an hour to the site
Of Rome's 1912 Worlds fair, will be
operated by electricity. Already al
most a third Of the capitals buses
are electrically run.
Mussolini's prophecy that Italy's
destiny always has been and al
ways will be on the sea-" has been
anticipated by the construction of
a merchant marine the equal Of any
possessed by the great nations Of
the world. Twenty-Five new motor
ships to engage in world trade. each
capable Of cruising speeds of l6
knots, are being built in Italian ship
yards.