davidaulloa/AmericanStories huggingface dataset:
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1940-07-12
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The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1940-07-12
HAMILTON SPECIALS

Twenty-nine Butler County boys,
the second group making up the July
Civilian Conservation Corps quota
here, left Hamilton early Tuesday
morning for Cincinnati to receive
physical examinations in the Freeman
Avenue Armory. The first group
which left here last Monday totaled
81 boys.
A military affairs committee for
Hamilton has been named Clarke Ma
rion of the Champion Paper and Fibre
Company to be chairman. The group
will plan coordination of activity in
adapting nation defense program in
the city.
Activities for the third week at
Camp Beechwood, the Hamilton Girl
Scout camp, near Somerville, opened
auspiciously Sunday with an interest
ing visitors day program for parents
and friends of the campers, who en-
joyed the privilege of seeing the camp
ers in action.
Evening star., 1940-07-23
BY VICTOR EUBANK,
Associated Press Financial Writer,

NEW YORK, July 23.-Buyers
picked of a few aircrafts and spe-
cialties in today's stock market but
left most leaders to shift for them.
selves.
Steels and motors were given an
early light lift. Some eventually
backtracked. Fractional price
changes either way ruled at the
close. 1t was another one of the
slowest sessions since 1918, transfers
approximating 100000 shares.
European war influences, as in the
past several weeks, continued to re-
ceive the blame for the do-nothing
attitude of the majority Of traders.
Thoughts of a quick German smash
at England again were uppermost In
boardrooms as the British turned
thumbs down on Hitler's peace or
destruction" manifesto.
On the other hand, the lack Of
any real selling urgency was at
tributed to the belief of many that
business, while possible flattening
out during the coming dog days."
is threatened with no actual setback.
The flow of corporation earnings
statements, notably from airplane
manufacturers, revealing sharp
profits upturns, proved a sustain-
ing straw.
Douglas Aircraft advanced more
than a point at the best. Ahead
moderately at intervals were United
Aircraft, Bethlehem Steel, Chrysler,
Pennsylvania, Loft, Chesapeake &
Ohio, Allegheny Corp. preferred,
Union Carbide, Sears Roebuck and
Allied Chemical.
Inclined to lag the greater part Of
the day were United States Steel.
Youngstown, Kennecott, Du Pont,
New York Central, WHY'S Overland.
Philip Morris, Johns -Manville and
American Telephone.
Evening star., 1940-07-23
Pacific lighting's Net
Cut by Cheaper Gas
Special Dispatch to The Star.

SPECIAL Dispatch to The Star.
SAN FRANCISCO, July 23.-Con-
solidated report of Pacific Lighting
Corp. and subsidiaries for the IL
months ended June 80, shows a bal
ance of $4,226, 1888 available for the
common stock, equivalent to $2.63
a share. This compares with ST.
170,502 for the IL months ended
June 80, 1899, or $4.46 a share.
Gross operating revenues for the
IL months ended June 30, 1940
amount to s43,45O, CAB, compared
with sac, $3.50, ,789 for the year ended
June 30, 1899, decrease of $780,
LAG.
The report, for the first time, COW
ers a full years operations under
the lowered gas rates which became
effective July /, 1899. Revenues
also were decreased as a result of
the unusually warm weather in
Southern California during the
winter of 1939-4O.
Operating expenses amounting to
$2l 3.112 were up $685., ,658 as COM
pared with the preceding period.
Evening star., 1940-07-23
Treasury Announces
Bond Allotments

Allotments Of the Treasury's new
$671 319,850 2A per cent bonds, by
Federal Rerserve districts, were as
follows:
Boston, $58 8.32s, ,05o; New York,
$270, ,526, 400; Philadelphia, $38, $685.
$50; Cleveland, so 1881 200; Rich
mond, so, ,349, $50; Atlanta, 0,114,-
$50; Chicago, 75,625 $50; st. Louis,
SIT ,315, 600; Minneapolis, $9,717 100;
Kansas City, $13,200 $50; Dallas,
$14. .497 ,050, and San Francisco, $46,-
526, 900. In addition, $911 900 was
allotted on subscriptions received at
the treasury and sc, 900 600 was al
lotted to Government investment
accounts.
Evening star., 1940-07-23
Brewster Aeronautical
To Boost Force 10 10000
BY the Associated Press.

By the Associated Press.
NEW YORK, July 23.-The Brew
ster Aeronautical Corp, with plants
at Long Island City and Newark,
N. j., expects to increase its working
force from 5000 to 10000 employees
in attaining peak production, 1t
was announced today by James
Work, president.
In the first half Of this year, he
said, employees were increased from
1000 to 5000.
At midyear. he reported, untitled
orders amounted to $44.877, ,626
against $2,3O0,353 at the same time
last year.
Mr.. Work said the manufacturing
peak would not be reached for at
least six months because Of diff
culties in obtaining additional man
ufacturing equipment and skilled
mechanics.
Evening star., 1940-07-23
Figures
What They Mean
BY JOHN L. BECKLEY,
Associated Press StatiSticiAn.

NEW YORK, July 23.-Unlted
States exporters selling to Latin
American countries are having in
creasing difficulties in collecting the
amounts due them, foreign trade
circles said yesterday. Furthermore.
trade experts say, the situation is
expected to become steadily worse.
The seriousness Of the problem
said one exporter who had just
returned from an extensive trip in
Latin America, has not yet been
fully realized by our southern
neighbors. Every day the dollars
to pay for articles which they must
purchase in the United States be-
come scarcer"
Export and import figures tell q
vivid story of the situation. During
the first nine months of the war
Latin American countries pur-
chased from the United States ap-
proximately $500, 900 900 of mer-
chandise and sold about $485 ,0OO, 900
to buyers in this country.
Exchange Curtailed.
The excess of their imports from
this country over their exports to-
tailed $1l5,000 900. compared with
about $50, ,000, 900 in the same period
Of the previous year.
Furthermore, the blockade of
Europe has severely reduced the
amount of foreign exchange of
other countries which might be
applied to satisfy this deficit in
dollars. England is the only i'm
portant consuming country in Eu-
rope left open to Latin American
merchants.
The new technique of modern
warfare, it is added, has affected
adversely the anticipated demand
for many key South American
products, including copper Bombs,
for instance, to large extent ex-
tent have replaced cannon, and the
demand for copper for shell castings
that was so heavy in 1914-18 has not
appeared in this war to boost the
red metal trade.
Another Market Lost.
With France eliminated, another
market has dropped out. Supplies
intended for France have been ac-
quired by England and have re-
duced British immediate need for
further orders, trade experts say.
If the Latin American countries
were as well equipped as England
with gold, dollar balances and
American securities, the problem
would not be so acute. However, in
these respects the South American
countries are relatively poor. Bank
balances here total about 1865 ,OOO,-
600; marketable securities, $4,000
600; direct investments, $4,000. 900,
and gold resources of central banks
approximately $700, ,000, 900.
When it is considered that almost
$500 900 900 Of this gold supply be-
longs to one neutrality-suspicious.
can be seen, analysts say, Just how
scarce the means of payment for
American goods is becoming in some
Of the smaller countries.
Evening star., 1940-07-23
Rentschfer Will Head
National City Board

Ey the Associated Press.
NEW YORK, July 23.-Gordon S.
Rentschier, 81, who began his busi-
ness career as an Ohio Industrial
lst, was elected chairman today of
the National City Bank of New
York, the Nations second largest
commercial bank.
He takes the post left vacant by
the recent death of James H. Per-
kins.
Mr.. Rentschler has been a Ma
tional City executive since 1925,
serving most of the time as presi-
dent.
He was president of his class
when he was graduated from Prince
ton University in 1907.
He had leading role in orga-
nizing the Miami (Ohio) conserve
ancy district for floor control after
the 1918 Miami Valley flood, rated
one of the first big projects of its
kind in the United States.
William Gage Brady, jr., a New
Yorker, was advanced from senior
vice president to president.
Evening star., 1940-07-23
Rubber Consumption
In U. S. May Set Record

BY the Associated Press.
NEW YORK, July 23-Rubber
consumption in the United States
may set q new record in 1910 If
industrial activity holds up during
the second half.
Consumption totaled 303, ,o31 tons
during the first half, which Is at
q record rate or more than 600 900
tons per annum. It was the largest
first-haH consumption on record ex-
cept for January-June, 1857, when
312, Az tons were used. However,
1t fell OH sharply during the final
six months OF 1887 because Of an
abrupt decli in industrial activity.
Evening star., 1940-07-23
Scrap Copper
Price Reduced
An Eighth
By the Associated Press,

NEW YORK, July 23.-Refinery
buying price for scrap copper has
been reduced Is cent pound, max
ing No. l heavy copper wire scrap
8 cents. roughly equivalent to 10la
cents pound on a refined basis.
Copper was available today in the
domestic market at 10l2 cents a
pound, delivered Connecticut VAL
ley base, reliable trade authorities
said. It also was said the present
quotation compared with a level of
10ss cents in valley previously
quoted in custom and smaller pro-
ducing quarters.
Leading primary producers have
made no change in their price of
lie cents to private domestic con-
sumers.
Evening star., 1940-07-23
Machine Tool Firms
Use Own Schools
To Train Men
Ohio Concerns Ending
BottIenecks by Costly
Educational Drive -
BY the Associated Press.

By the Associated Press.
CINCINNATI, Ohio, July 23.-
Faced in a time of national emer-
gency with an unprecedented skilled
labor shortage, industries in this
center of the Nations machine tool
business are crashing through the
bottleneck with a costly training
program
With the accent on youth, the ma
chine tool makers are creating a
reservoir of metal craftsmen for the
future.
In 1892 we operated at 10 per
cent Of normal" said a president
Of five majof plants and director of
three others. Some of our men
found other ways to live, many of
them on relief. They never came
back"
In the great plants in the Gin
cinnati area, the Cincinnati Milling
Machine Co., where employment has
risen from $500 to 1900 in l8
months; the Cincinnati Bickford
Tool Co., the r. K. lie Blond Ma
chine Tool Co.. American Tool
Works Co. and in dozens of 9TH
ers, big and little, young men lit
orally are being picked off the
streets and taught tooling steel
within minute clearances.
Apprentices Taught.
i. Some plants have established more
or less formal schools. LIE Blond
has an apprentice course which pre-
pares boys under 81 for certificates
as machinist mechanics, after which
they move around the shops for all
around training. Older men, even
middle aged, are taken on ito bal
ance up the working temper" of the
plant.
In the American Tool Works new
boys stand behind operators of COM
plicated machines for three weeks.
The next three weeks operators
stand behind the boys and keep
them from running expensive equip
ment. Then the boys go ION the
Shifts" know the meaning of a regu-
lar pay day and learn discipline.
Cooperating with the factories Is
the Cincinnati system of vocational
education in high schools. For years
the firms and the Board of Educa-
ton have worked together in the
development of training In all skilled
lines, and the result has been de-
scribed by Louis johnson, Assistant
Secretary of War, as outstanding in
the Nation.
More Shifts Talked.
The present enrolment in Gin
cinnati's four vocational high schools
Is 1,475 on a 48-week class year.
supervisor John Arundel told a
State conference discussing plans
for training nearly 10000 youths
that the four schools could double
their enrolment by adding another
shift of classes. A new 50-student
machine tool class started July 8.
These schools are not merely
buildings with shops and classes.
The industries themselves In some
cases are the class rooms. Thus Is
being born under the quickening
impulse Of war demand a new gen.
GRAFTON Of skilled craftsmen.
Evening star., 1940-07-23
Joins 100 Club

Robert F. Miller, salesman for
H. B. Leary, Jr., & Bros, Washing
ton Chrysler distributors, has won
membership In the Chrysler 100
Club" This club comprises the 100
retail statesmen who sold the most
cars in the past year.
Membership entities Mr.. Miller to
participate In the annual outing
given by e Chrysler factory.
Evening star., 1940-07-23
Boston Wool Market

BOSTON July % tF1 UNITED States
Department Of ANfculture). The demand
Buyers were making occasional inquiry in
an attempt to test the market. but. they
purchases at this time. Average iS-
months Texas wools in original bars were
being offered at around 80 TO 50 cents,
70 90 eents. eeouyed hAstS
Evening star., 1940-07-23
Remington Rond, Inc.,
Declares Dividend
By the Associated Press,

BY the Associated Press.
NEW YORK. July 23.-Directors
OF Remington Rand, Inc, today de-
clared an interim dividend Of 20
cents on the common stock and q
regular quarterly dividend of $1.12h
on the preferred, both payable Oc-
tober to stockholders of record
September 10. A similar common
dividend was paid July l.
Evening star., 1940-07-23
New York MetuI Market

NEW YORK. July % 0p.-Copper un-
settled; electrolytic spot. Connecticut VAL
ley, 10. Boil 30; export. f.a.s. New York.
forward. 6O.26. Lead steady: spot New
York, 59O-6. .05; East ct. Louis 4.s5. ZINC
steady; East st. Louis spot and forward
quicksilver. platinum. Chinese Wolframite
and domestic scheelite UNCHANGED,
Evening star., 1940-07-23
Womun 108 Years Old

Mrs. Amelia Payne, one of the
original 1920 settlers in Northern
Transvaal, has celebrated her 108th
birthday at the home Of her fourth
daughter, aged 70, whom she still
regards as a little g
Evening star., 1940-07-23

Also extra or extras.
Quotations furnished by National Asso-
ciation OF Securities Dealers, Inc, which
states they do not necessarily reflect actual
transactions or Arm bids or offers, but
should indicate approximate prices.
Evening star., 1940-07-23
Washington Exchange

SALES-AFTER CALL.
Capital Traction 1st 5s-$1 900 at
102, $1,000 at 102, $1,000 at 102,
$1,000 at 102, $500 at 102, 81, 500 at
102, $500 at l02, 81 500 at 102.
Evening star., 1940-07-23
Baltimore Stocks
special Dispatch to The Star.

Special Dispatch 70 The Star.
BALTIMORE. July 23.-
Gales STOCKS. Hixh Low. Close
BALTIC transit pf 1.e0 1.sO i.eO
ls Consol Pow com rs rs. rs
"a Fidelity 4 Depos 11ON 11ON l1ON
80 U 8 ridel 4 Guar ISM 1sS 1875
$4,000 BALTIC TT deb IL 3oA 80 3cM
1000 BALTIC Tr IS A 81 81 81
Evening star., 1940-07-23

Unit OF trading, 10 shares.
In bankruptcy receyerhip reoraanzed under
Bankruptcy Act securities assumed
Rates Of dividend in the foregong annual d
buremens based the last quarterly decars
ton Unless otherwise noted special
included. ~ ' ~Ae NV
Elk dividend: Ex rights. or extras Ac
this PAYABLE In stock Paid
Accumulated dividends paid or declared this year - ~
Evening star., 1940-07-23

Jungles in the Guianas have been
foNpd to contain valuable deposits
o& diamonds and gold.
Evening star., 1940-07-23
'EY divfdende

2OT extra SI4 90 extra paid Decers.
per %. 1899. 2os extra. m 81. SO -ex.
1g40 vS1 90 extra paid January lo40.
80 90 extra. :
Evening star., 1940-07-23
Insurance Stocks

NEW YORK. July % 0P.-National As
soclation Securities Dealers Inc.
Evening star., 1940-07-23
BONDS

MISCELLANEOUS.
Col Country c LIST ANs 1857 103
Ter RI d w CD LIST AAs 1913 100
Evening star., 1940-07-23

Approximate Soes OF Stocks the H. r. Stock Exchange
11:00 AM.------- $4,000 1900 Noon --- 10000
100 PM.------- 10000 2:0OP.M - 10000
Total Sales for the day, 25OOOO
Evening star., 1940-09-20

skillful management, he has built
up an organization that employs
many people. He is just a typical
American businessman.
The other day. a well-to-do
woman Of his acquaintance came
to ask his advice about her affairs.
She brought with her the records
of her investments, of her income
and Of her tax payments.
The businessman looked over
her accounts and discovered a
curious thing. Last year, this
woman's income had been almost
exactly the same as his. But the
next thing he noticed was that
her income tax had been exactly
one-fifth as large as his.
Here was a man whose money
was productivity employed in
running business. 1t was being
used to give work to other men.
Here was woman whose money
was invested in tax-exempt
bonds. She was not taking any
of the risks of business enter
prise. She was not directly en-
gagged in any productive effort
that made jobs. Both of them
had the same income, but the
businessman was taxed five
times as much. He was taxed
five times as much for earning
his money in active enterprise
as the woman who merely in
vested in risk-less tax-exempt
bonds.
Tax System Encourages
Hoarding Of Capital.
Is it any wonder that this
businessman stopped to ask him.
self why he should continue to
work hard, to take risks and to
struggle with the increasingly
Evening star., 1940-09-20

will insist upon answers to three
questions.
We must know, first, what our
present tax structure will yield
when business really gets going.
We must know, secondly, how
high the national income will be
when we achieve full employ
ment. And when the national in
come gets that high we must
know how large the tax revenue
will be.
If elected, propose the i'm
mediate establishment of a spe-
cial commission to study the
whole tax question. Such a COM
mission must be composed of
Government officials, members of
both houses of Congress, busi-
nessmen, representatives of labor
and tax experts. 1t should study
the needs of the Federal, State
and local governments. The ef-
Evening star., 1940-09-20
Text of Wilkes Speech on Business and Labor Los Angelo

hostile to the enterprises they
regulate. And 1t has done all
this at time when the changing
and uncertain conditions of world
affairs have already made it diff
cult for businessmen to figure
out their prospects and keep up
their courage.
handspring Runs Down
When Enterprise Ceases.
Businessmen are just like all
other human beings. If they are
subjected to abuse, to the i'm
position OF capricious and con-
stantly changing rules and to
continual encouragement, they
become pessimistic, they hesitate
to take risks, they cease to be
enterprising. And when that
happens, the handspring of the
American enterprise system has
run down.
In recent years, we have been
moving little by little away from
the true course of our American
system. We have had a Govern
ment which neither understands
nor sympathizes with free en-
terprise. 1t has experimental
with policies and adopted at
titudes calculated to weaken en-
terprise and to carry us step by
'step toward completely regulat-
ed economy.
If you people want a COM
pletely regulated economy. If you
want totalitarian system of
some sort, don't vote for me. I'm
headed in just the opposite direc-
ton. And in order to turn this
country around and get started in
that direction, propose to take
four steps. I want now to be very
specific:
l. The rules under which busi-
ness is conducted must be clear
and must be stable.
2, Government policies affect
ing business should be consistent.
3. Government competition
with business must be kept within
well-deflned limits. 1t must not
stop the flow of capital into new
productive enterprise.
4. Business must be given q
chance to make profit.
New Deal Tax System
Unscientific and Punitive.
Now think a thorough applica-
ton of these simple rules would
get us turned around and headed
in the right direction. But once
headed in that direction we
should want to move in that
direction. And we should then
find that the greatest single OBJ
stacle to our progress is the
present tax system.
This tax structure that the
New Deal has erected is un-
scientific, repressive and loaded
with punitive measures. 1t Is
unjust and discriminatory. It is
driving capital out of productive
employment. 1t is preventing the
creation of the new enterprises
that our dynamic system must
have, the enterprises that make
jobs. The New Deal taxes put a
premium on the investment of
money in all types of Government
securities, and drive money out
of productive enterprise.
Let me give you an example of
how our present tax laws dis
courage the kind of enterprise
that makes Jobs.
A man know runs a successful
business in which he has in
vested practically all he owns.
BY hand work, initiative and
Evening star., 1940-09-20

fects Of taxation upon the indi-
vidual and upon the Nation must
be analyzed together with the
cost and complexity of admins
tering various types of taxes.
1t was only after a similar
exhaustive study of money and
banking that the existing Fed
eral Reserve System was evolved.
This country has never had a
scientifically planned tax policy.
1t is time we took steps to get 1t.
I am a businessman by train
ing, and I claim to understand
some of these things. I under
stand some other things, too. I
understand what labor's stake in
this system Is.
Labor Is Chief Victim
Under New Deal Policies.
1t Is my considered opinion
that labor has been the chief suf-
Evening star., 1940-09-20

ferer from the policies of the
New Deal. The shifting rules, the
inconsistent policies, the threat
OF Government competition, the
encouragement Of profit and the
fantastic, punitive taxes - all
these have been sold to the peo-
pie of America with a false label
marked liberalism" Actually,
these practices have curtailed the
number of jobs.
Common sense tells me that
what labor wants is jobs. The
more jobs there are available
the higher wages will be. want
to increase Jobs. And therefore I
want to abolish those New Deal
practices.
Labor is entitled to the protec-
ton of progressive labor legisla-
ton, such as the wages and
hours law and the National In
See WILLKIE TEXT, Page Bib
Evening star., 1940-09-20
complex problems of business
Under preSent-dav conditioned

complex problems Of business
under present-day conditions?
That Is just one individual ex-
ample of how our present hap
hazard tax system bears down
hardest upon those whose enter
prise makes jobs. 1t is tax
system which encourages men
to hoard capital instead of en-
couraging them to put it to work.
Our tax laws are especially
hard on new companies which are
coming ahead. The big corpora
tions are not hurt SO much, but
the small growing companies find
an insurmountable barrier in
their way. The looming figure
of the tax collector stands in
their path, barring the way of
their natural expansion.
We now have tax burden as
heavy as ever in our history.
In the past four years the New
Deal has collected 22A billion
dollars of taxes-nearly four
billion dollars more than was
collected in the wartime admin
istration of Woodrow Wilson.
The total of appropriations
and contract authorizations
passed in the present session Of
Congress amounts to no less
than 10 billion dollars. The Fed
eral Government is expected to
spend IS billion dollars in the
current fiscal year. OF this
amount it will raise 7 billion by
taxes, while borrowing the re-
manning 8 billion to add to our
already staggering national debt.
The cost of that terrific bill is
going to be paid by all you people.
1t is going to fall upon the backs
of ordinary men, farmers, Ia
borers and little businessmen.
All OF us are going to pay it. We