davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Guaranty Trust Co.
Role in Railroad
Case Is AssaiIed
Wheeler and Truman
Charge 1t Blocked
BondhoIders' Interest
BY the Associated Press.

BY the Associated Press.
Chairman Wheeler and Senator
Truman, Democrat, of Missouri, of
the Senate Railroad Finance Com
mittee asserted today that the
Guaranty Trust Co. of New York
had represented bondholders in the
1925-1928 receivership of the Chi
cago, Milwaukee & ST. Paul Railroad
while at the same time having in
terests differing from those of the
bondholders.
Senators Wheeler and Truman
made the charge in statement &C
companying one of the committee S
investigation reports of the road
finances.
Interests Were Different.
by virtue of being trustee under
the st. Paul's largest mortgage in
denture," their summary of the re-
port said, Guaranty Trust Co. Of
New York was admitted to the
railroads receivership and reorgani-
cation proceedings as a representa-
tive of bondholders.
Guaranty, however, had inter-
estS different from those of some
Of the bondholders it was supposed
to represent. 1t sought appoint
ment as trustee to the new COM
pany which would emerge from the
reorganization. " Guaranty's in
terests lay with the bankers rather
than with all of the bondholders
whose interests they were supposed
to protect.
IN the receivership proceedings
thereafter, Guaranty and its law
yers co-operated fully with the plans
OF the bankers. They opposed the
admission of independent bond
holders groups TO a full voice in the
proceedings; and they opposed with
especial vigor attempts by these
bondholders' groups 10 have the
bankers reorganization plan sub
jected to prompt scrutiny in open
court.
Blocked BondhOlders.
Throughout the proceedings
Guaranty Trust played a leading
role in blocking the progress of the
independent bondholders groups
whose interests were among those
the trust company was supposed to
represent.
Thereafter, Guaranty received
the trusteeship promised it in adj
vance by the bankers and was
awarded fees of So7Q mn for its
services in the receivership. Guar
anty's lawyers received an add.
tional S432 300 In addition, a Guar
anty vice president received s25 900
in spite of the fact that the work
he did in an individual capacity was
identical with the work which he
did in his corporate capacity, and
for which Guaranty was separately
paid"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Council Of Veterans
To Combat Subversive
Activity Proposed
Plan Offered at Annual
Luncheon Of Military
Order of World War

Formation of a council of veter-
ans organizations in an effort to
combat SubverSive influences was
planned by four major organizations
yesterday at the animal Armistice
Day luncheon of the Military Order
of the World War at the Mayfower
Hotel
The luncheon is an annual event
to which are invited the national
commanders of the American
Legion. Disable American Veterans
and Veterans of Foreign Wars.
Maj. James A. Lyon, commander of
District Military Order of the World
War, presided.
1t. Vincent c. Schoeck, national
commander of the D. A. ", urged
a national council to coordinate
anti-subversive activities.
Capt. Warner Gives Talk.
Capt. Milo J. Warner OF Toledo,
Ohio, national commander of the
American Legion, said the organi
cation which he heads is willing
to depend on the Army and Navy
to determine how far aid to Britain
and others can go without weak
ening this country.
Col Charles c. Allen of Phila-
delphia, commander in chief of the
Military Order, called on veterans
to aid the national defense effort
in every way.
D,- Ma,1o,olnu nf NnuT
Orleans, commander of the V. F. w,
was scheduled to speak, but did
not appear when airplanes were
grounded between Pittsburgh and
Washington due to bad weather.
Guests of Honor.
Guests of honor at the luncheon
included:
The Ambassador of Ecuador, Capt.
Colon Alfaro; the Argentine Naval
Attache. Capt. Jose Godoy; the
Canadian Military Attache, Col H.
S. Letson: the Cuban Military At
tache, Maj Felipe Munilla; Maj.
Gen. Peter c. Harris, wartime
adjutant general of the Army; the
Interstate Commerce commissioner,
Col. J. Monroe Johnson; Rear
Admiral Ernest j. King, Navy Gen.
eral Board; Rear Admiral William
R. Furlong, chief of ordnance; Maj.
Gen. Frederick w. Coleman, Brig.
Gen. Charles D. Roberts, Brig. Gen.
Frank T. Hines, administrator of
veterans affairs; Brig. Gen. Ray
mond F. Metcaf, assistant surgeon
general of the Army; Brig. Gen.
Shelley Marietta, assistant surgeon
general; Col. Stanley K. Hornbeck,
special adviser to the Secretary of
State; Rear Admiral Charles Oman,
Col. George E. IjamS, past COM
mander in chief, Military Order of
| the World War; Brig. Gen. Albert L.
Cox, commanding District of Column
bia National Guard; Col John
Thomas Taylor, the American
Legion; William H. HargraveS, de-
partment commander, the American
Legion; Joseph Malloy, national ex-
ecutive committeeman, American
Legion; Joel T. Thacker, department
commander, Disabled American Vet
Grams; Col. Robert Thomas, assistant
Engineer Commissioner of the Dis
trict of Columbia; Capt. Smith
Hempstone, U. S. N: Capt. Chester
Wells, U. S. NJ, retired, and Brig.
Gen. James A. Drain, past national
commander of the Legion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Mahon Likely 10 Head
Subcommittee Tor
DE-. Appropriations
Group Now Is Extra
Assignment and Does
Not PenuIize Members
By WILL p. KENNEDY

Representative Mahon of Texas
probably will be chairman of the
subcommittee which will draft the
District appropriation bill in the
coming Congress. He is a lawyer,
former district attorney in his home
State, and will start his fourth term
in the House when the new Congress
meets.
The Craftsmanship vacancy results
from the retirement from the House
of Representative Caldwell of Flori-
da, drafted last year for the chair
manship. At that time Chairman
Taylor Of the Appropriations Com
mittee tried to persuade Mr.. Mahon
to accept the post, but gave up be-
cause MI. Mahon thought it would
deprive him of membership on
another subcommittee whose work
covered appropriations of more i'm
portance to his home district.
Since then Chairman Taylor has
made the District subcommittee one
of sacrifice for service" by appeal
ing to some of the ablest men on the
Appropriations Committee to take
on membership on the District SUBJ
committee as a patriotic duty to-
ward upbuilding the Nations Capt.
tai and giving more sympathetic
consideration to the interests of the
taXpaying but unrepreSented citi-
zens of the District. So the Dis
trict subcommittee is now an extra
assignment and does not preclude
those on it from holding a place on
other Subcommittees-and in that
way they are no longer 'penalized.
Representative Mahon is next in
line under the seniority rule to be-
come chairman of the District SUBJ
committee. and his committee COL
leagues-including Chairman Tay-
lor-believe that he will accept
Chairman Taylor is particularly
anxious to get the best man he can
for the new Guardianship because
of the recent death of District Audi
tor Daniel j. Donovan, who has for
many years been an able counselor
for the District subcommittee in
drafting the appropriation bills.
The committee will miss Maj
Donovan very much" said Mr. Tay-
lor. He was walking encyclopedia
on District affairs, and was often
able to guide us by his advice. We
must get the best possible man for
the new chairman"
With no changes on the Independ-
ent Offices and Agriculture subcom-
mitteeS, Mr.. Taylor hopes that
Chairmen Woodrum and Cannon
will be able to start hearings soon
on these two appropriation bills sc
they may be the first to be ready
when the new Congress meets.
The Interior and Treasury-Pos
Office subcommittee have only one
change each, so these two other
appropriation bills can also receive
early study. However, if Congress
should adjourn, as the leaders hope
it may, all members including those
on the Appropriation Committee
would be anxious to get home for a
few weeks. In that event the appro-
priations hearings would have to be
postponed until after the Christmas
holidays, Mr.. Taylor said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Months Steel Orders
Expected 10 Exceed
October Figures
Business Running
20 Per Cent Ahead,
Iron Age Reports
By the Associated Press.

By the Associated Press.
NEW YORK, Nov. 13.-November
steel business promises to surpass
October. best month of 1910 for most
companies, Iron Age said today in a
weekly survey.
Orders thus far received have
been 20 per cent or more above those
of last month";" the magazine added.
In the first week of November a
large company booked 40 per cent
more tonnage than in the CORE
spending week of october.
Notwithstanding the fact the
steel industry is engaged in the
greatest activity of any period of
its history, there is surprisingly
little confusion.
Defense orders are being taken
care of with the required dispatch,
while at the same time general con-
sumers are experiencing no serious
inconvenience except the necessity
of anticipating their requirements
further ahead because of gradually
lengthening deliveries.
Relief by April Seen.
"While the present intense pres
sure may last for several months, it
is believed that there may be some
relief by next April, at the latest,
when there will perhaps be an cas-
&c u y, o,,to Hill
industry and the railroads and a
letting down of steel construction
activity by virtue of the fact that
many of the new defense plants
and additions will have been erected
with the construction phase of
the defense program out of the
way, in part at least, there will,
of course, be larger demands for
steel for manufacturing defense
items
1.-THE British will take greatly in
creased quantities of steel during
the next two or three months. if
they can obtain it. Some COM
panies have been asked to double
or triple recent allotments, which
had been permitted TO decIlne some
what.
Scrap Prices Rising.
Much of the recent steel buy
ing has been for first quarter. as
deliveries are not generally obtain
able before that time except on a
few items; no horizonal price
increase is probable in the first
quarter.
Scrap prices are moving upward
in some districts after a few weeks
of comparatively few changes. The
Iron Age scrap composite price is
up 8 cents to SPOTS, the first change
since the issue of october TO-
"Ingot production remains at 96
per cent of capacity for the third
consecutive week, number of open
hearth furnaces having gone out
for repairs. offsetting higher opera
tons at Chicago, youngstown and
in the West"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Public Service Company
Reports 81, 709,072 Net

CHICAGO, Nov. 10 (P.-Northern
Indiana Public Service Co. today re-
ported for the IL months ended
September 80 net income of $2,709,-
O72, equal after preferred dividend
requirements to 70 cents share on
common stock, compared with ST.
253 1926, or 48 cents share, for the
year ended September 80, 1889.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Bunk Check Issuance
| Advances for Week
BY the Associated Press.

BY the Associated Press.
The Federal Reserve Board said
yesterday that banks in 274 leading
cities cashed 9,19O ,000,0 900 worth of
checks in the week ended Novem-
Der 6.
This was an increase over the So
1858 100000 of the preceding week,
due primarily to the f1rst-of-the-
month transactions which usually
swell the volume of bank debts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Washington Exchange
SALES.

Potomac Electric Power SO pfd.-
10 at lit, at 1T, 3 at 1T. 10
at 1T.
Riggs Bank, common-10 at 275, S
at 275, at 275, 5 at 275.
Washington Railway q Electric pfd.
g at 116, 2 at 116.
Washington Gas Light, common
IS at 26.
Mergenthaler Linotype-40 at 1854.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Aircraft Parts Concern
To Expand Production
BY the Associated Press


CLEVELAND, Nov. 13-Thomp-
son Products. Inc, soon will expand
three or four times" it's present
caracity production of aircraft
valves, parts and fuel pumps, w. H.
West, company official, said yester-
day.
Announcement of this plan fol-
lows one recent expansion by the
company Gin an attempt to aid the
allies
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13

quotations furnished by National Asso-
ciatlon oil securities Dealers, Inc. which
STATES they do not necessarily reflect actual
transactions or firm bids or offers, but
sn9u!o indicate approximate prices and
unless otherwise indicated are as quoted
by the sponsors or isSuers
tssuers" o
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
SoIes Of Pig Lead

NEW YORK Nov. 10 P.-St. Joseph
Lead Co. reported $50 tons of Southeast
Missouri pig lead sold yesterday at $3.50
per 100 pounds East ST. Louis, $50 tons
at S5S5 New York and 800 tons at the
New York average.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
New York SUGAR

NEW YORK, Nov. 13 pP-Raw sugar
futures No. 3 opened unchanged to
higher: January, 81 bid: March, los:
May, 2.01 bid: July, 2.05.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Master Electric Orders
3H Per Cent Dividend

BY the Associated Press.
DAYTON Ohio, Nov. 13.-The
Master Electric Co. has authorized
payment of a 312 per cent stock
dividend on common to holders of
record at the close of business No
vember 20. The payment will be
made in December, contingent on
receiving S. E C. authority for is
suing the stock and listing the
additional shares on the New York
Curb.
The dividend, the company said,
is not in lieu of the usual cash divi-
dend. action on which is scheduled
at the next regular meeting of the
board November 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13

The pioneer antitrust legislation
was contained in the Sherman Act,
passed in 1890
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
London Bur Silver

LONDON Nov 10 GP.-Bsr silver
% I'd, of Il. Equivalent APPS cents1. Bar
gold, 1855 UNCHANGED. Equivalent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Foreign Exchange

/ Quotations furnished by W 3 Hibbs e. Co.
al Sail
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
London Tin
tReported by Smith, Bar

LONDON Nov. 13 P.-Tin steady; spot
bid, $3.50 IS asked.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13

The knights of Columbus was or
gained in Connecticut in 1882
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Federal lund Bonks

NEW YORK, Nov. 10 lP-Federal Land
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
Investing Companies

NEW YORK, Nov. ID (P).-National AS
ISOLATION Securities Dealers, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13

tPius extras. e2S extra. S14. 90 extra
mas 81 % ess1s 90 Ssa $50 IS
1910 5 So 90 paid In 1889; It's GENTS
paid July 4 le4Qt ~ ~ 81; 20 extra ss'd Jan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13
United States Treasury Position

.mber o, compared with comparable date a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-11-13

:1.3s6c
The Daily Alaska empire., 1940-01-18

ToGaY's News Today-Empire.
The Daily Alaska empire., 1940-01-18
FEERO HOSPITAL

Robert Feerc is in St. Ann's Hos- pital under care of his physician as the result Of lung affliction which followed a severe cold. He may have to remain there for some time according to the report.
The Daily Alaska empire., 1940-01-18
JIM FOX INJURED

Jimmy FCX was reported severely injured this morning while work ing with the CCC crew on the Gov ecEment school grounds. Very likely, 1t was said. the bones ln nis leg were fractured.
 One of the heavy trucks used in hauling rock for the fill being made, ran ever his leg, the report said. He was immediately taken to the Government Hospital in Juneau where X-ray examination to deter mine extent of his injuries was in progress through midday
The Daily Alaska empire., 1940-01-18
TIDES TOMORROW
GETS uuGE WOLF

Lawrence Carson, eco trapper,
 hCwcd up recently in Ketchikan with the pelt of a huge. gray wolf, weighing over 100 pounds, shot in the Egite River sec ion. This makes the 18th wolf killed by eco trappers.
The Daily Alaska empire., 1940-01-18
DOUGLAS T.,.A
 NEWS
BRIDGE LUNCHEON

Mrs. w E. Cahill was the hostess at a one o'clock luncheon at her hcme ir Treadwell yesterday after neon. Following, bridge engaged the twelve ladies present. High score was held by Mrs. Glen Kirkham, low by Mrs A. J. Ralcg. Other guests included Mrs. J. R. Guerin, Mrs. Charles Schramm, Mrs. Jessie T. Fraser, Mrs. M A. Pearce, Mrs. John Mills, Mrs. Guy L. mith, Mrs Arne Shudshift, Mrs. Elton Eng strom and Mrs. Henry Langfeldt
The Daily Alaska empire., 1940-01-18

 FOR MARTHAS

The regular social meeting and dessert Luncheon of the Martha Society will be held tomorrow af- ternoon in the Northern Light Pres byterian Church Parlors starting at 1:30 o'clock.
 Hostesses for the gathering will be Mrs. Sid Thompson and Mrs. A. J. Streed
The Daily Alaska empire., 1940-01-18
RECEIVE PINS

Gold bar pins with letter DHS 40 have been received for students of the Douglas High School to wear.
The Daily Alaska empire., 1940-01-18
phA PLANE 10
 MAKE FLIGHT

PAA pilots Murray Stuart and Burton Lien were awaiting favor able weather at the airport this afternoon for the flight to Fair banks.
 Three passengers were scheduled to make the trip. Dorothy Rhodes C. N. Creamer and E. Portman
The Daily Alaska empire., 1940-01-18
SEWING CLUB MEETS

Mrs. L. B. Nelson entertained the Wednesday night sewing club at her home last evening for the regular bi-monthly session Nine of the members were present and sewed for pastime. Next meeting Of the club was set for January 31st at the nome cf Mrs. Tauro Niemi.
The Daily Alaska empire., 1940-01-18
STocK QUoThTIoNs

NEW YORK, Jan. 18 - Closing quotation Of Alaska Juneau mine stock today is 67, American Can 114ls, American Power and Light Al. Anaconda 27H, Bethlehem Steel 73tl, Commonwealth an 1 Southern lis, Curdss Wright 0, General Mo ses 52i4 Internati1n- al Harvester 55i5, Kenneeot 25an New York Central 1Gia, Northern Pacific 81, United States Steel 57as, Pound S395la
The Daily Alaska empire., 1940-01-18
SONS OF NORWAY
 PARTY SATURDAY

Bridge, whist and pinochle will be in play at Saturday nights card party which is to be held at the LOOP. Hall by the Sons of Norway. The affair is public and will start at 8:45 o'clock.
 Mrs. Charles Peterson will ar range for entertainment and re- treatments will be taken care of by Mrs. John Lowell.
The Daily Alaska empire., 1940-01-18
poW. JONES AVERAGES

The following are today's Dow Jones averages: industrials 145.6l, rails 30.2i, utilities 2512
The Daily Alaska empire., 1940-01-18
MARINE NEWS
.C(C WORKERS WILL
 STUDY NAVIGATION

Approximately D eco workers will study navigation in classes aboard the cutter Haida, begin ming Monday evening at z c'cicc,, it was announced today.
 The CCCs Will take from eight to ten lessons in the various phas- cs of navigation two lessons @ week
The Daily Alaska empire., 1940-01-18

Today's News Today-Empire.
The Daily Alaska empire., 1940-01-18
STEAMER MOVEMENTS
. Q ? .
 NOGETIE0ISD ,I~sr r11fn E1ft.Vf'nv

4Gkt NUt Dd bl Laf
 SCHEDULED SAILINGS Q Northland is scheduled to sail . c rem Seattle 10 a. m. to- q o morrow. 9 Mount Mckinley scheduled 10 sal from Seattle January 20 . Q at a, h. c Tcngass scheduled to soil from c Q Seattle January g at g D. m. ( o Princess Norah scheduled to . sail from Vancouver Jan . 3 uary % at D. m. SOUTHBOUND SALINGS 2 North Coast in port and sched- 2 uled tc sail south at 10 O. ( Q clock tonight Passengers Q may go aboard at 8 o'clock. 9 Alaska scheduled soulhhound 0 Monday. LOCAL SAILINGS o Estebeth scheduled to sail every Q "Wednesday at p. m. for Sit- ka and wayports. O Dart leaves every Wednesday at7a. m for Petersburg, Port Alexander, Rake and way ports.
 ; (
The people's voice., 1940-08-07
Why This Difference?

The attitude of many not most of the members of the
Congress toward the bill for conscron of the nations
utterly contrary to conception of democracy
that is portentous They battle with all of their wits
authorize the drafting of for training for warfare with
consideration of the wishes desires of the
themselves whether not the would prefer
other form of service citizens WITH presumably equal Sin
cupaons speech other privileges under
basic law
While they arguing for conscrpton of
the premise that emergency exists they hagge
halfheartedly only with the indusralss who control the
of defense production the amount of
profits which these industries should be permitted to make
Up this the ndustrasts have every round of
their fight for latitude in profit making Where their
conditions have not been met there production
The aircraft manufacturers have had their limit of profits
raised percent IL percent they finally
beginning give serious thought to patriotic production of
planes quantities. for defense In other industries which
the country depending for production of armamens differ
of opinion in connection with amortization of costs of
increased plants handle orders have delayed
beginning of production AS the final decision appears be
that these indusra going to be permitted to charge
off, of the costs of these plant extensions out of
their profits the producon-ncude the 20
of production and thus taxes the amounts
these patriots will probably begin production.
it is reasonable and democratic to draft men
military compensation of $21 per month
said to exist why is equally dem
reasonable to draft the essential industries
the materials needed nominal to the peo
pie the country there is such dire emergency, why
should the ndustasts than the ordinary citizen
be permitted hagge profits and delay action to meet
the immediate emergency?
We the question, but it's already written
the control of government by capital and industry
The people's voice., 1940-08-07
Arguments Against Conscription:

Compulsory military training in peaceime an unwar
ranted violation of rights free people 1t danger
step toward RECOMMENDATION which is alien American
mocracy.
2. Compulsory military training would be solution
unemployment problem have maintained The
provision to $200 month for twelve consecutive
months training and service would wreck havoc with the labor
standards which have thus far been achieved.
8. America defend itself with small well-euuipped
army What need, according to Hanson W. Baldwin mil
ary expert New York Times not large army good
of about 100000 Intensive training
ber in the developments of modern will far
useful than giving smattering of military instruction
every boy who reaches a certain age
We do not have the personnel with which train
Nor do we have the equipment with which a army
could either fight AS the New pointed
in recent editorial there would be all taking
several millions of from useful civilian occupations
to teach them the etiquette of fe how march
nation and how to present arms with broomstck."
From the economic standpoint the of equpping
maintaining such military establishment will disrupt our
economy by using the nations human
the unproductve business of
statistics prove that the largest percentage
and cauower found among folks proficient
in the manly art of self defense Oscar Ameringer