davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1940-02-26
Sumner Welles Meets
Premier Mussolini In
Important Conference
Ancient Gateway OF
F finland Is Dead City
Batteflag Still Flies From Old Castle Tower in Vii
puri-Russians Slowed Up On Mannerheim Line;
Soviet Parachuters Annihilated
BY EDWARD w. BEATTIE, JR.
limited Press Staff COrreSpondent)

With Finnish Armies, at viipuri Feb. 26.-UP)-
The ancient gateway city of Vpuri is dead city today
but the battle flag of Finland still flies from its old castle
Firms said that guns of the Kovisto fortress
fighting within ten miles of Vpur after Is days of battle
The Waterbury Democrat., 1940-02-26
TREASURY BALANCE,

Washington, Feb. 26-(UP)--Gov-
eminent expenses and receipts for
the current fiscal year through Feb
23rd, compared with year ago:
This Year Expenses Last Year
$6,026,165,192.25 $5,7S1 JOG, S63.47
Receipts
$3,445,172,53s.27 sS,614,5S3,25 1.0s
Gross Deficit
$3.50, 992,6529S $2,166,573,112.3
Net Deficit
$2,56o,613,452.9S $2.14o,s45,S12.S9
s2,sss,372,54O.Oo ss,sss,s47,22o.s7
The Waterbury Democrat., 1940-02-26

We teach Walton AccOuntancy, Sec
retarial Science, Bookkeeping. Comp
tometry, etc. Post Junior College
Adv,
The Waterbury Democrat., 1940-02-26

Continued on Page A
The Waterbury Democrat., 1940-02-26

CONTINUED on Page ~
The Waterbury Democrat., 1940-02-26
The Weather

Fair, Cold Tonight;
Tuesday Warmer
The Waterbury Democrat., 1940-02-26

CONTINUED on Page a
The Waterbury Democrat., 1940-02-26

Continued on Page a
The Wilmington morning star., 1940-08-18
CHICAGO LIVESTOCK

CHlCAGO, Aug. 11.-R0(U. 5.
Dept. Agr.)- Salable hogs 800 to-
tai 1000 not enough strictly good
and choice hogs to establish a quot
able market fe wgood 1875 to 230
lbs. averages CTS with 6.5 bid on
small lot quotable top around 700
for strictly choice kinds if avail
able short load good 1l9f lbs. pigs
SIS few light and medium weight
packing sows 500 to- go; shippers
took none; holdover 500; compared
week ago; good and choice bar
ows and gifts 100 to 240 lbs. Is to
Is higher; heavier weights S to 10
up; light lows steady; others S to
10 lower.
Salable cattle 200; no calves;
compared Friday last week; strict
ly grain fed steers and yearlings
so higher shippers and order buy
ers bought freely; common a n d
medium grades, comprising Kan
sas grassers for most part, weak
on killer account but stockers and
feeder finished Is higher; fed he'll
fers Is to so up and COWS mostly
Is higher, Gamers and cutters
showing full advance; bulls so high.
er, instances rs up on light bulls;
'vealers LOO higher; slightly more
grass cattle in crop than week ear
lier, especially cows; grass heifers
and stocker and feeder steers very
carce, however; extreme top fed
steers 1880; next highest price
las yearlings 1910 and 43 Id.
mixed offerings lis; top heifers
11.50; liberal supply strictly grain
fed steers 11.50 to 1925; m o
grassers 7.25 to rs; best weighty
southwesterns 9.25 on killer &C.
count, Montana grass yearlings
$50 on country account; STABLE
supply fed heifers 1880 to 11.25;
practical top cutters cows SIS, but
600 was paid; practical top heavy
sausage, bulls $50, outstanding
kinds 7.60 and better; selected veal
ers closed at 1900. 4
The Wilmington morning star., 1940-08-18
MAN AND Wife
DIE in CRASH
Mr.. And Mrs. r. w. Phillips,
Charlotte, Almost In
stantly Killed

DARLINGTON. S. c., Aug. IL
CP-An accident involving two auto
mobiles and a truck killed Il. w
Phillips, 81. of Charlotte, and his
wife, Mildred Allen Phillips, "a, early
today.
Coroner ]. H. Kis,ler said that the
Phillips, accompanied by George
Humble of Charlotte, had stopped
to give assistance to a group o!
Huntsville boys whose car had col
lided with a bridge abutment.
Along came a gasoline truck driv
en- by Theas Givens of Charleston
the coroner said, and was in col
lision with both automobiles.
The Phillips we're killed almos
instantly. Humble, who received
fractured ribs and a conclusion, was
taken to a Huntsville hospital.
The corone said the Hartsville
boys we're James Croweli, the driver
William C. Cassidy, Jr., Clifford Sci
lers and Fraz Dudley. None was
seriously hurt.
Givens and Crowell were held fol
a coroner's inquest at Hartsvlllt
Monday night.
The Phillips and Humble were or
their way to Myrtle Beach.
The Wilmington morning star., 1940-08-18
PRICES INCREASE
ON WEED MARTS
Georgia-Florida Prices Rise SO
Cents To $1.50 A Hun
.dred Pounds

ABEL, Ca, Aug. 17.-R-Prices
by grades increased so cents tc
$50 a hundred pounds on t G
Georgia-Florida Bright Leaf tobac-
co markets, the Agricultural Mar
keting service reported today.
Fifteen out of II markets in the
Georgia-Florida belt sold IS, 734, 95l
pounds for an average Offs 9 dur
ing the second week of the auc-
tons.
Increasing volume of. lower
grades pulled the general market
average down from last weeks
1916, E. D. Booker, marketing SER
vice representative here explained.
THE highest prices occurred
around the first of the week., he
continued. Projections still contin-
ed few although toward the latter
part of the week some increase
was noted in the number of baskets
being rejected.
Sales were heavy in volume. Al
warehouse floors were filled as
growers rushed their tobacco to
market to take advantage of the
prevailing favorable prices.
Among the heaviest purchasers
during the week was the British
concern (ImperiaD that is acting
as a buying agent for the Com
modify Credit corporation.
The Wilmington morning star., 1940-08-18
Bishop Darst To Talk
At Manteo Unueiling

MANTEO, Aug. 17.-LP)-A tablet
in tribute to the late DR.. Robert
Brent Drane, one Of the founders
of the Roanoke Island Historical
association, will be unveiled in the
chapel at Fort Raleigh Sunday after.
noon.
The Rt. Rev. Thomas Campbell
Darst, bishop of East Carolina do
cese, will speak the memorial trib-
ute. Two of DR.. Drane's great-grand.
daughters will unveil the tablet.
Sunday was chosen for the me
mortal service because for more than
SO years DR.. Drane came on that
day, the anniversary of the birth
of Virginia Dare on August 18, 1887,
and held service on the site of the
stockade.
The Wilmington morning star., 1940-08-18

hailed in financial circles as in
dlcatlon plant enlargement under
the $40, 00O, DOC, 600 defense program
really was getting started.
Included were $40, 600, 900 for a
new Douglas aircraft factory in
Southern California, a $40, Ooo, 900
tank factory in the Detroit area
and a $25, 600, 600 powder plan t
near Radford, Pa.
Expenditures of hundreds of mil
Lions OF. dollars for new plants,
both with RFC and private funds,
promise to give stout support to
business generally during the au-
tumn and winter months, analysts
said.
Acceleartion of defense spending
some argued, may save industry
from a severe setback in event
the German aerial assault on Eng
land and attempted sea blockade
curtails trade with the British
Isles.
Partly in fear of this possibility,
it seemed, Wall street security and
commodity markets were depress-
ed when the air attack on. British
industrial and military nerve CEN
tiers was stepped up this week.
Some farm staples, cut off from
erstwhile European users and
threatened with further loss of
markets, sold at the lowest prices
OF the war period.
More than 1000, 900, 900 in Brit
ish orders in this country, mostly
for aircraft, steel and mechanical
equipment, were estimated to be
undelivered.
Hesitation in new buying, &C.
cording to tradesreports, was pari-
cularly noticeable in wholesale
in wholesale markets for textiles
and merchandise for civilian
needs. Sentiment among dealers
was said to have been influenced
by the sag in commodities a n d
selling in Wall Street. 3
The Wilmington morning star., 1940-08-18
BONDS NERVOUS:
TRADING IS Dull
$978,150 Turnover Is Small.
est Since 1917, Statis-
ticians Find.

NEW YORK, Aug. 17.-R-A
war-nervous bond market muted
the trading volume to the slowest
today since before World War
Number l.. Price changes e e
narrowly mixed.
Statisticians dug back to 1917 to
uncover turnover below the short
sessions 1918, $50, face value. A
week ago business amounted to ST.
391, 500.
In Foreign List
Clearest price trend developed in
the foreign dollar list. A decisive
forward thrust lifted bonds of the
axis powers and Germany-domin-
ated nations fractions to 2 points.
Among the gamers were Ger.
man S lbs of '65 at II IL, the rs
of '49 at 81 ia, Denmark 4 las
at 80 IL, Norway As at AZ a n d
Italy Is at 48 1-8. Berlin City cleo
trio 61-2s, however, declined: IA
to Is and Helsingfors 6 lbs drop
ped IL to 40.
The domestic corporate section
achieved irregularity only after a
pronounced downward drift in
starting trade.
Traders were willing to b a C k
their judgment to only a minor
degree while outcome of the Bat
tie of England tremblled in h e
balance. Changes were scored on
turnover of only 2 or 3 bonds even
among many market pace-setters.
Losers included Consolidated
Edison 3 lbs of '48 at 106, Erie
IS of rs at II 1-8, International
Telephone SIS at 20 1-8, and Penn
sylvania General 4 lbs 81 IS at
1O2.
U. S. Governments tended down.
ward. 3
The Wilmington morning star., 1940-08-18
Lessening OF War Tension
Noted; Weeks Average
Drops 1.9 Points.
BY FREDERICK GARDNER

NEW YORK, Aug. 17-LR-War
tension lessened a trifle in today's
stock market and leading issues
steadied after a week of generally
sharp declines. 40
While a handful of ~favorites
managed to get up a point or SO,
recoveries were limited to minor
fractions in most cases and, at the
close, declines we're almost as
plentiful as gains. Numerous
stocks finished at their final levels
of Friday.
The Associated press average Of
go shares was up Il of a point at
All, but on the week showed a net
drop of 10 points, largest weekly
decrease in nearly three months.
Narrowness of the days proceed
ings was exemplified by the fact
that of 1888 listed issues, only 1874
appeared on the ticker tape. OF
these 12O were up, SO down and III
unchanged.
The turnover for the two hours
of LOG, 700 shares compared with
100, 260 last Saturday and with the
exception of July 27, was the 1--we
est aggregate for any session since
Aug. 3, 1918. The volume in the
bond department was the smallest
since 1917.
Stocks given a modest lift in
cluded u. S. Steel. Bethlehem,
Chrysler. General Motors, dupont,
Westinghouse, Standard Oil of NJ.
Anaconda, American Smelling,
S ca r s-Roebuck, Montgomery
Ward, United Aircraft, Consolida-
ted Edition. N. Y. Central, South.
ern Pacific and General Electric.
Down a bit were Eastman Ko-
dak, International Nickel, Youngs-
town Sheet, WoolWorth and Sperry.
Traders still were disinclined to
step out very far or the buying
| side, brokers said, because of their
inability to gauge the course Of
the Anglo-German conflict. Persist
ence of the Nazi air blasts a Eng
land, declaration of a complete
German embargo of the British
Isles and reported Italian victories
in Africa served to restrain those
with bullish leanings. At h a t,
some in financial quarters retained
the hope that John Bull, after re-
sisting strongly in seven days Of
the greatest aerial battle in his
tory, would eventually repel tt e
Hitler smash. 3
The Wilmington morning star., 1940-08-18
CHICAGO

CHICAGO, Aug. 17-R-U. S.
Dept. Agr.)-Potatoes g.; on track
1911; total U. S. shipments 277; new
stocksupplies moderate; demand
moderate; steady; best quality
stock showing heated and decay
all sections weak; sacked per cent.
Idaho russell burbanks U. S. I, 2.10;
Idaho bliss triumphs u. S. l, ISIS
to IS; Oregon bliss triumphs U. S.
l, 1.65 to 70; Nebraska cobblers
generally good quality 1.20 to 35;
Nebraska bliss triumphs good quail
ity 100 to 80; Minnesota e a r y
Ohios generally good quality LOS
to 10; Wisconsin bliss triumphs u.
S. l, 100.
The Wilmington morning star., 1940-08-18
E YORK COTTON

NEW YORK, Aug. 17-R-Nerv-
Gus liquidation attributed to un-
easiness over latest war develop
ments and fairly active hedge sell
ing caused declines of 8 to 5 points
in cotton futures today.
Support was limited to scale
down trade and spot house buying.
Pressure eased on the decline and
Ia steadier tone to securities and
grains encouraged some price fix
ing and shot covering which check
ed losses somewhat.
The range follows:
The Wilmington morning star., 1940-08-18
What Stocks Did
FOREIGN EXCHANGE

NEW YORK, Aug. 17.-tR-The
free British pound declined 2 cents
today and once more opened the
gap between the free and official
rates.
On Friday the free pound cli-
NAKED a long rise by reaching
4.02 IL, which is aslo the official
selling price set by the Bank OF
England as a war measure to CON
serve the empires money resour-
ces.
Closing rates follow Great Brit
ain in dollars; others in cents):
Candada-Official Canadian con-
troll board rates for U. S. dollars:
buying 10 per cent premium, SELL
ing II per cent premium, equiva-
lent to discounts on Canadian dol
lars in New York of buying 9.91
per cent, selling 900 per cent.
Canadian dollar in New York
open market 10 g. per cent dis
count, or 6.62 IL U. S. cents.
Europe-Great Britain, Britain,
official, Bankers Foreign Ex-
chane Committee rates. buying
$4.02, selling $4.04; open market,
cables 400 1-2; Germany 40.00n;
(benevolent) lao; Finland 2.05n;
Greece 6; Hungary 1873. Son; Italy
sos; Portugal SO; Rumania .48n;
Sweden 23.5; Switzerland 22.0;
Y%ugoslavia 2.35n.
Latin America--Argentine Off
cial 29.77; free 22.75; Brazil Off
cia! 6.05; free sos; Mexicoo 20. 45n.
Far East-Japan 23.4:Hongkong
22.O; Shanghai $40. (Rates 10 spot
cables unless otherwise indicated.)
N-nominal. 3
The Wilmington morning star., 1940-08-18
Pigpen Liquor Still
Enjoyed By Swine

RALEIGH, Aug. 17.-P-When
Alcoholic Tax unit investigators
raided q liquor still hidden in a
Duplin county pigpen, they found
that five of the pigs had passed out
and a dozen were weaving INSTEAD
lily.
They said the pigs apparently had
been raised on spent mash from the
still, and had grown fat IN their
corn liquor diet.
The Wilmington morning star., 1940-08-18
Stock Markets Leaders
Steady After Bad Week
Answers To
Uranium. Crackers
Questions on Comic Pagc)

Questions on Comic Pagc)
1. Henry c. Wallace. father OF
Henry A.. Wallace, was secretary
of agriculture in the cabinet OF
President Harding.
2. Charles McNary owns a filbert
and walnut farm; Wendell Willkie,
five hog farms.
3. President Roosevelt and
Charles McNary were not at the
party conventions when nominated.
4. President Roosevelt was pre-
viously governor of New York.
5. Franklin Delano Roosevelt;
Henry Agard Wallace; Wendell
Lewis Willkie; Charles LIMA Nc
Nary. 4
The Wilmington morning star., 1940-08-18
CHICAGO GRAIN
(By the Associated Press)

CHICAGO, Aug. II Up Re
covering its equilibrium after yes
terday's Scent price slump, tn e
wheat market today extended a
rallying movement with gains OF
more than a cent.
Wheat closed 81 cent higher
than yesterday, September 60 IA to
g., December II to II l.; corn
unchanged to IA up, September 81
IA to g., December 81 s.; oats
l. off to IA up. 4
npon Hiph Low C1oSo
The Wilmington morning star., 1940-08-18
BALTIMORE HOGS

BALTIMORE, Aug. 17.-R-U. S.
Dept. Ayr Hogs $50. Steady.
Practical top 7,30; good and choice,
ITO to 220 lbs. 7.05 to 80; 220 to
240 lbs. 60 to 7.05; $50 to 800 lbs.
$50 to o; $50 to 100 lbs. 6.65 to 80;
40 to $50 lbs. $50 to IS; 100 to 40
lbs. sos to 80; 100 to 100 lbs.
$50 to 6.15; packing sows 4.95 to
5.45. 4
The Wilmington morning star., 1940-08-18
METALS

NEW YORK, Aug. 17.-R-Cop-
per steady; e~lectrolytic spot, Conn.
valley, 1877 IL to HOO; export,
fas N. Y, 800. Tin steady; spom
and nearby 50.7 IL; forward 5000.
Lead steady; spot, New York AIS
to 0; East St. Louis 400. Zinc
steady; East st. Louis spot and
forward $50. Pig iron, aluminium,
anthony, quicksilver, platinum,
Chinese Wolframite and domestic
scheelite unchanged.
The Wilmington morning star., 1940-08-18
N. O. AVERAGE

NEW ORLEANS, Aug. 17.-R-
The average price of middling Is
16ths-inch cotton todat at 90 cents
a pound; average for the last thir-
ty market days at 1919 cents
a pound.
The Wilmington morning star., 1940-08-18
CASH GRAIN

CHICAGO, Aug. 17.-R-Cash
wheat No. 3 mixed 70 IL.
Corn Mol l yellow 81 "a to IS.
Oats No. l white 2 to 20 IL;
No. l white heavy 20 34 to 80;
No. 1 red heavy 20; No. l red
heavy bright 20 IL; No. l mixed
heavy 20.
Barley mailing 4 to 56 nom;
feed IS to As nom; No. 2 mailing
81. 4
The Wilmington morning star., 1940-08-18

Sales, closing price and net change
of the fifteen most active stocks t.
cay:
Graham Paige, 10, 2Oo-9-1S; a1-16
US Steel, 4,3O0-51A al.
Am Pow and 1t, 2,400-3% as.
Gen Motors, 2.2O0-45; all.
Chrysler. 2,00o-69A; a%.
NY Central, 1,900-10%; ais.
Int Pap and P, 1,S00-14%; ab.
Woolworth. 1,6O0-31; dB.
Int Nick Can, 1,60O-22%; dA.
Chesapeake Corp. 800; no..
Beth Stl, 1,50O-74A; an.
Packard. 1,40O-3h: DIS.
Loft, 1,400-2Oh; as.
Repub stl, 1.3o0-16B; ah.
Curtiss Publish, 1902; no.
The Wilmington morning star., 1940-08-18
N. O. SPOT.

NEW ORLEANS, Aug. 17.-R-
Spot cotton closed quiet S points
lower. Sales none. Low middling
o, middling 80, good middling
10. rs, receipts 2,460, stock 532. 661.
The Wilmington morning star., 1940-08-18
BALTIMORE POTATOES

BALTIMORE, Aug. 17-R-Po.
tatoes-truck, N. ]. 100 Id. sacks
cobblers U. S. Is S to LOS, mostly
loo. Md, Pa. and a.. 100 lb sacks
cobblers and round whites U. S. is
0 to 100, mostly S to 90.
Sweet potatoes-N. c.. bu. bas.
goldens U. S. Is 200, few 2.25. 4
The Wilmington morning star., 1940-08-18
new PLANTS SEEN
IN DEFENSE PLAN
Dir Projects Hailed In Finan-
30 cial Circles AS Proof
Program Started
ny A MacMlLLEN

INV YORK, Aug. 17.R-Ex-
Vino Vino war industry assumed a
panua ,"7 place in the nations bust
Iase nicture today as plans for
ness factories to make aircraft,
new der tanks and other fighting
po;aTnent moved out of the blue
'annollncements Of several b 6
niacts the last few days were
The Wilmington morning star., 1940-08-18

African possessions are held by
six European countries Britain,
Belgium, France, Italy. Portugal
and Spain. -.
The Wilmington morning star., 1940-08-18
BUTTER

CHICAGO, Aug. 17.-R-But-
ter 791, TIT pounds; eggs TIT cas-
es; prices unchanged. 4
The Wilmington morning star., 1940-08-18
Situations Wanted

.1T1y DECORATED APT.
NIJordwood floors, steam heat, JAM
service. See anytime. Mrs.
1 Iobn T, Hoggard, 504 Orange st.
St. 1902.
--.yTED POSITION AS BOOK
,sooner. Completed business col
400 course in accounting and
.Sning. John Watts Hardee. Tabor
city. n. c.
The Wilmington morning star., 1940-08-18
Local Stocks
And Bonds
Quotations furnished by Allen C
Ewing and Co..
STOCKS

Bid Asked
A. Z. l.. GO. OF Conn. 80 II 13%
Car. ms. Co. of Will. - PIN 28k
Can P. and L.. Co. 81 Pr. 1O7 1857
Car. P. and L. Co. IS Pr. 1O2 1913
Mass. Inv. Trust ------- 1858 1910
PEG. Saw. B. and T. Co. 30 80
Sec. Nat. Bank of G. 1914 II
Taylor-C olquitt Co. - u 20
T. w. Pow. Co. S. Pr. 80 So
Will. Saw. and Trust Co. 80 80
BONDS
Bid Asked
A. C.. l.. RR., First Con.
Mtg. As due 1852 800 Sc 68
A. c; L. RR., L. and N.
Coll. TT. As due 1852 - 81 So
A. c. T.. RR., Gen. Mtg.
AVIS due 1864 --- 46 Al
A.. C. L. RR., Coll. Trust
SIS due 1s45 ------ 81 s.
c. and w. Car. Rwy.,
First Mtg. SIS due 1947 90. 100
(AI quotations are nominal and
subject to change without notice..
The Wilmington morning star., 1940-08-18
LARD


CHICAGO, Aug. IL R Lard
ierces AIS; loose ASS; bellies ZOO.
The Wilmington morning star., 1940-08-18

Spider silk is used in the optical
instrument industry. -
The Wilmington morning star., 1940-08-18
CHARLOTTE SPOT

CHARLOTTE, Aug. 17.-RHSpot
cotton 1905.
The Wilmington morning star., 1940-08-18
The range follows:
STOCKS IN THE SPOTLIGHT

M1ddling spot, y.9lN, OFT I.
N-Nominal.
The Wilmington morning star., 1940-08-18
NEW ORLEANS, Aug. 17-tR-

NE WORLEANS, Aug. 17.-R1-
Cotton futures eased here today un-
der weekend long liquidation. Clos
ing prices were steady 3 points net
lower.
The Wilmington morning star., 1940-08-18
Shipping News
IN PORT
Motor Steamer

MOLof steamer
Qtalian) Villarperosa. 1921 tons, with
part cargo scrap iron.
%(Spanish) %Indauchu, 1874 tons, from
Jacksonville to finish loading cargo
scrap iron. Cape Fear Shipping com
pany. agents.
Millinocket, 2.O7s tons, from Texas
City. cargo fertilizer materials. C. D.
Maffitt Co., agents.
Yachts
Ruth King, 50 tons. at Maffitt's pier
at Wrightsville Beach. under command
OF Capt. Brooks.
Drifter. So tons, locked at Wrights
vile Beach.
Barges
Barnegat and Allegheny loading car.
goes of lumber at the J.. Herbert Bate
Lumber company.
Tug And Barge
Tug Cadmus and barge Durwent dis
charging cargo of phosphate r o c k.
Heide and company. agents.
Cutter
Modoc, 1890 tons, U. s.. coast guard
cutter, in command of H. G. Belford,
locked at customhouse wharf.
The Wilmington morning star., 1940-08-18
Closing Bond Quotations
tBy the Associated Press.

Total sales Aug. IT, 978,150.
Previous day, 2,726, 300. -
Week ago, 1891, 500.
Year ago, 1,759, 900.
Two years ago, 1908, 200.
Jan. 1 to date, 987, sos, 425.
Same year ago, 1923, 1o6,175.
Same two years ago, 1927, 155 ,0s0.
The Wilmington morning star., 1940-08-18
K
Wanted

1-1VTED TO BUY - GOOD USED
"a1sctric adding machine. Dial 5431.
- ( ROOM LOWER UNFUR-
rished apartment Dr. small house
in Hemenway district. Dial 9457.
The Wilmington morning star., 1940-08-18
INWARD BOUND

INWARD BOUND
Tankers
ESQ Providence, 5,665 tons, from Bay
town, with cargo gasoline for Standard
Oil company.
Nanticote from Norfolk to load cargo
of lumber at J.. Herbert Bate Lumber
company.
The Wilmington morning star., 1940-08-18
CLASSIFIED DISPLAY

SPECIAL - Collard n d Cab.
bage Plants: Fresh Daily. Good,
strong ones. Don't delay any
longer in setting out all these
you need.
Evening star., 1940-10-18
Nebraska Bonds Signed
For Utility Transfer
By the Associated Press.

BY the Associated Press
CHICAGO, Oct. 18.-Bonds were
signed by the Nebraska State au-
ditor yesterday preparatory to trans
fer of the Southern Nebraska Power
Co. to the consumers public power
district.
The S1,100O00 in bonds will be
issued and the properties taken
over within the next few days. They
bear interest of 81. per cent, ma
ture from 1886 and are payable
from the earnings of the Southern
Nebraska Power Co. properties be-
ing acquired.
The properties will be operated
under a lease arrangemnt, subjct
to the bonded debt, by the city of
Superior. Nebr.. and the central
power and irrigation district, Hydro
electric power will be bought from
the central district.
Bonds will be offered to the pub
lie within few days by a group
of investment companies including
John Nuveen &, Co. of Chicago,
Wachob-Bender g. Co. of Omaha,
Nebr.: Steinauer & Schweser Of
Lincoln, Nebr.; Stranahan, Harris
& Co, Toledo; A. c. Allyn & Co.,
Chicago, and Ballman & Main, Chi
cago. The First Trust Co. of Lin
coin will be trustee and paying
agent.
Evening star., 1940-10-18
36th Anniversary
Is Celebrated by
Bank Of America
Gionnini Urges Stoff
To Work for Good
Government
By the Associated Press.

By the Associated Press.
SAN FRANCISCO. Oct ia
Flower-bedecked Bank of America
celebrated its 36th anniversary yes
terday. It's 9,241 staffers got down
to work early, to sit around in 495
branches while A. P. Giannlnl,
founder and chairman, urged them
in radio address to undertake
active labor in the cause of good
government"
Giannini urged the bank en-
employees to defend capitalism and
profits But, he said, the bank, as
such, takes no political position"
The capitalistic system, which
we hear spoken of sneeringly in so
many circles, is merely system
under which private enterprise is
privately financed" he said
Business must have capital.
What is capital? Savings.
Whose savings? The peoples
yours. your 1rlendS, your nelghDorS.
Every one who saves something
from his earnings and puts that
money to work, or has it put to
work for him, is a capitalist.
That's the American way, the
way in which America has been
built.
Capitalism is democracy at work.
And what are profits? Only
wages paid to investors for the use
of their savings"
Giannini assured draft registrants
the bank would hold their jobs and
seniority out to them when they
return, if called to military service.