davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09

trouble shooter Davis faced was
enough to blanch the face of even
a Du Pont man.
In the seven-year period from
1925 to 1882 there was a cata-
clysrnic collapse in the price of
crude rubber from S1.25 a pound
TO low of 2 9-16 cents.
Davis took over a company
that had funded debt and bank
j. aggFegatiRg $40, 600,
600 and there was no stemming
the tide of incessant inventory
losses and worldwide depression
He had a multitude of old obsolete
factories owned by 123 subsidiary
companies.
BY constant belt-tightening and
shrewd management. the debts
were Slashed to Sal, 100000 of first
mortgage bonds, an $4,000, 00O
slice. Exactly "a of the subsidiary
companies were eliminated and by
1871 the company was the largest
rubber plantation owner in the
world. And these plantations have
earned more for the company than
they originally cost
In announcing the dividend and
the highest sales in the entire in
dustry-S229, 100000 in 1910, Davis
remarked:
This Is the moment we
worked for and IL any credit Is
due, IL has to be parceled
around pretty widely"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Michigan Bell Lists
Gain in Telephones

Michigan Bell Telephone Com
pany reports 442, 566 telephones in
service in Detroit and immediate
suburbs on March /, a gain OF
SAP in February. OF the total,
420,545 were in the Detroit ex-
change.
The company. as a whole, had
$40, 04S telephones in service March
1, a gain of 9,745 during February,
compared with 1929 during jan
uary, and $40 in February, 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Reed New President
OF Plating Association

Robert L. Reed has been elected
president of the Plating and Rust
proofing Association of Michigan,
il was announced Saturday.
Charles Erdman was named vice
president and F. r. Bolton. Sec
retary-treasurer. j. c. Nankervis
was added to the board of direc-
tors and Erdman, II. +. Adel-
sperger, p. II. Henning. w. B.
Knight and p. L. Stapleton were
reelected for 1941-42.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Metal Markets

NEW YORK. March s.-Quietness ruled
nOnferrous metal markets which is usual
for Saturday half-holiday.
In the domestic copper dealings a lead
INK United states producer maintained
strict ALLEGATIONS at IL cents a pound de-
liyered Connecticut Valley base
custom smeter price held unchanged at
l2i9 cents a pound, and prices In outside
market were nominally quoted unchanged
from Friday.
There was no activity noted in the eN-
port market, with level Of 10iz cents a
pound Z. a New York named in custom
circles, and II cents pound Z a p New
York quoted IN one large foreign primary
producing source.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Trade Loans Highest
In Years al 7 Billions

NEW YORK, March 8.-Re-
bounding sharply from last weeks
decrease, business loans of report
ing member BANS in New York
City in the week ended March 5
advanced S33, OOO,O This was the
sharpest rise since last September
and brought the total to S2,022,-
100000, the highest in a number
of years.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
All-TiIne High
Defense Orders Push Pitt.
Steel Rate Ouer 100 Pct.
International New. ser,ie, Wire

PITTSBURGH, March S.-Stee 1
production in the Pittsburgh dis
trict will hit 1902 per cent of ca
pacity next week for a new ALL
time high, it it was announced today
Steel men explained that de-
tense orders and heavy domestic
demand have pushed the rate be-
yond the theoretical maximum of
100.
The 1902 figure represents a
gain of 2 points over the last
month and compares with Sc per
cent one year ago.
Operations in 1.-THE Pittsburgh
area had been at SO per cent the
past three weeks. Withdrawal OF
some furnaces for necessary re-
pairs had been advanced as one
reason for the continuing level in
the face of increasing backlogs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Lewis Douglas Wins
Praise in New Post
Ex-New Deal Budget Director Candid
in Initial Insurance Report
BY MERRYLE STANLEY RUKEYSER
International News Service Economic Commentator

but I always knew that Mr.. Doug
las had strong convictions which
he invariably reached with metlcu-
lous care after thorough study of
the relevant data.
In praising the Improvement in
his annual report, 1 wish to stress
the progress made. l think that
there is room for further stream
lining of the figures and further
detailed information to particular
policyholders as to the composition
of their own dividend.
Mr.. Douglas gladdened my heart
when he described the Mutual as
a company with $4,000 policy
holders who own about 1,259,00C
insurance policies, and such policy
holders are the proprietors of the
company" When this same com
pany under the old management
slashed the dividend scale two
years ago, I wrote for specific anc
revealing information. A courteous
associate actuary telephoned me tC
inquire about the nature of my
interest. And, since was policy.
holder. / said:
"Simply tell your chief that
one of the owners OF the bust
ness inquired precisely what
action the trustees have taken
i'm his behalf"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Personal Comments

Orchids to the loan companies
here that have inaugurated the
policy Of limiting their loans to
months wage in order TO
prevent 0ver-borrowing .
Those caterers at the airport
prepare about $500 meals a
day for the airlines :. =. And
speaking of airlines, Chairman
Walter s. McLucas of the Ma
tional Bank of Detroit took his
first sleeper plane flight about a
week ago and slept so soundly
that he didn't waken until the
plane had landed at Fort Worth,
Tex. A local representative
of a big non-ferrous metal pro-
Queer was told last week to
accept no more orders for any
thing until further notice.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Equals Low
Stock Exchange Seat of
$1,000 to $4,000

NEW YORK. March S.-Ar-
rangements have been made today
for the sale OF a New York Stock
Exchange seat at $4,000, off
$1,000 from the previous transac-
ton.
This sale equals the 1871 low
which in turn is the lowest price
established since 1898.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Great ldkes0re
Fleet Ready forf
Record Season
Freighters Expe C t e d
to Move IS Million
Tons During Ye ar

With the nations steel mills
operating at virtual capacity in
an effort to keep breast with
an increasing FLOOD of national de-
Tense orders, operators of the
Great Lakes ore fleet are anx.
iously scanning weather charts
and preparing for what will un-
doubtedly be a record-smashing
season. r"
Nearly 300 freighters, having a
gross tonnage of 2,680,000, are
poised and waiting for the word
that will send them scrunching
through Superior's ice for their
first load.
Stocks of ore on hand in the
lower lakes will be down to II
million tons by the first of May
or about 40 per cent below normal.
and with practically an unlimited
market waiting. the fleets 1941
shipments will be limited only by
the number of days it can oper-
ate.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Perform, Double Duty

The freighters perform double
duty by carrying coal on the up
trip and with estimated record
shipments scheduled Of nearly-50.-
000, 600 tons. few OF the big boats
will be travelling light.
Approximately 500 sailors will
be needed to man the ore fleet and
although some have been drafted,
no shortage of manpower is antic-
ipated. AS a matter of fact, il
the situation becomes acute in
that respect able-bodied seamen
may be exempted from the Selec-
tive Service Act rather than re-
strict the movement of vital de-
Tense materials.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
S1.68 a Share Profit
For Hewitt Rubber

BUFFALO. March 8.-Hewitt
Rubber Corporation announces
that the final audited report Of
the corporation and its subsid-
iaries, for the year ending Dec. 81.
1910, showed earnings amounting
to S280,701 after all charges or
S1.68 per share on the total COM
mon stock outstanding. This COM
pares with earnings of S35S.S1O
or S2.13 per share for the year
1899.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09

Scrap Iron, Steel viii Be
Set Belotu $40 Ton

WASHINGTON, March S.-The
defense commission today had an
nounced that a schedule of maxi
mum prices for scrap siron and
steel would be established soon at
rates below the current quotations.
All of the rates to be set will be
below $50 per ton, Pittsburgh, the
commission said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Bids Wanted
By i. S.

If you are interested in bidding
on any of the following items de-
sired by the United States Army
address Contracting Officer, @. Nj.
Corps, Jeffersonville Depot, Jeffer-
sonyille. Ind, and ask for forms
on Bids for Laundry Supplies. No.
431-41-338 to be opened March p.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09

c m m on was
1.-THE clincher. "
1t meant that
President Fran
els BreeSe Davis
Jr. had achieved
the impossible
and proved once
again that the
Du Points pick
winners.
When the Du
Points gain e d
control of L. S.
Rubber in 1923.
il was a totter-
ing empire and
the job that
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
New Bond Offerings
Doubled in Week

NEW YORK, March S.-New
bond offerings this week totaled
S22, 76S, 900, against $9,S15, 900 last
week and SIS, $4,000 last year,
II was reported today.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Business
Banks
Brokers
BY WARD SCHULTZ
Detroit Times Financial Editor

DtETUII IIHIVs E1I1aIIOl1l
When United States Rubber
COMPANY last week declared lis
first common stock dividend in 20
years, it supplied the climax TO a
near miracle in American indus
trial history.
Actually. far more important Is
the fact that the company had
been pulled from the brink Of
receivership TO its old position as
the biggest name in rubber in
the short space of 10 years but
that little 50-cent payment on the
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Market Quiet,
Awaiting Final
Action AidBi||
Most Groups Narrow;
Steels Off as Sugar
Stocks Hit Al Highs
International New. service Wire

NEW YORK, March 8.-The
stock market was quiet and irreg-
ular today, awaiting final action
on the lend-lease bill and clarifi-
cation of the Balkan situation.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
May Start April

II plans now being formulated
are successful, the season will
open earlier than ever BEFORE
beating the previous record OF
April 6. 1902. The coast guard q
ice breaker is being readied at
Escanaba and an attempt will be
made to have a route open to the
500 on April /. Ice in Superior
is said to be, from IL to Is inches
thick at the present time.
Informed circles in the ship
ping business freely predict that
the 1929 mark of 65,000.00 tons
of ore will be far surpassed and
estimates range up TO more than
Sc. 000,0 tons.
Mines which have not been In
operation since the first World
War may be reopened as the ma
ton girds itself in mighty de.
tense drive.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
First Accounting

Mr.. Douglas gives the first ac-
counting of his new stewardship
in an annual report which has
Just been sent to policyholderS.
Mr.. Douglas brings uncommon
Icandor and clarity to this deeu-
ment which has been effectively
-simpiified and humanized.
The former director of the
budget has turned his back on the
stuffed shirt school of insurance
executives, and in a new and origi-
nal spirit seeks to give an honest
statement of the significant facts
to the policyholders, who are the
authentic owners of the financial
cooperative society known as a
mutual INSURANCE. company.
Heretofore, the annual reports
of this venerable company have
been stilted and somewhat eng
matte. Perhaps there was a tradi-
ton among the old timers that
the rank and file were too dumb
to be interested in their own in
terests. In new spirit, Mr.. Doug
las essays in simple and readable
prose to tell what life insurance
is and what problems the trustees
of the cooperating pelieyholders
face. Mr.. Douglas effort is all
the more noteworthy because he
had plenty of unpalatable news,
such as cut in the dividend
scale, to unfold.
Through the years, I haven't
always found myself in agreement
with Mr.. Douglas conclusions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Dow-Jones Bonds
Detroit Poultry

Market steady. No quotations available
Saturday
EGGs-stesdy. Current receipts. 15%c;
undergrades, lax a14hc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09

Lewis II. Douglas brings much
sincerity and moral earnestness
into public and private life.
While he served as congressman
at-large from Arizona. he was an
effective and influential voice in
the national legislature.
Then he served as first director
of the budget in the New Deal
administration. He did a capable
technical job, and sought earnestly
to make his counsel prevail with
his chef. When he recognized that
this was not feasible. he resigned
from office.
Next he spent an interlude of
two years as principal and vice
chancellor of McGill University at
Montreal.
More than a year ago, he was
called to the presidency of the
Mutual Life Insurance Company
of New York.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
$1,000 Portfolio

Here's an interesting 81 900
portfolio designed for those OF
moderate means by the experts of
Merrill Lynch. L. A. Pierce &
Cassatt.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Natural Result

This is natural, justified. For
have not more humble-born
achieved notable success here than
in all the rest of the world?
Our towering corporations, far
more magnitudious than those of
any other countries, are in most
instances headed by men who be-
gan as office boys, factory work
ers, mechanics, statesmen. law
clerks, bookkeepers. even manual
laborers, without wealth or family
influence.
Consider Ford, Rockefeller
Chrysler, Carnegie. Mccormick
knudsen, Woolworth. Hartman
Eastman. Westinghouse. Giannini
Resenwald. Curtis, Hill. Cemme-
dore Vanderbilt. Keller, Schwab
Huntington. Duke, Doherty, Vail
Haley Fiske, Tom Watson, Swift,
Armour, Wilson. Marshall Field.
1t is not so. to nearly the same
extent, in older countries.
Therefore, young Americans
made of the right stuff are en-
titled to be hopeful, optimistic
confident.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Toronto Stocks

Quotations supplied by Bongard & Co.
Windsor. Prices In cents. Closing quota
lions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
GIN S February
Sales Top 1910

NEW YORK, March S.-Sales
of General Motors cars and trucks
to consumers in February totaled
1877 ,252 units, as compared with
1913, 1913 in January and 1854 in
February, 1910.
Sales to dealers in the United
States last month amounted to
20S,214 units, as against 21S,57S
units in January and 160,458 in
the corresponding month of last
year.
February sales to dealers in the
United States and Canada, includ-
ing export shipments, totaled 226,-
609 units, compared with 235, 422
in the preceding month and ia
572 units in February, last year.
Sales to consumers in the first
two months totaled 355, APO, COM
pared with 244,683 units in the
corresponding period of last year,
while sales to dealers in the United
States totaled 426,7 units,
against 325, 1888.
Sales to dealers in the United
States and Canada and including
exports amounted to 462 OBJ units
in the first two months. against
355 $50 units in the 1910 period.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Trend of Sales

NEW YORK, March S.-tlNS)-Iotai
sales today:
Stock exchange stocks, $50 600 shares {;
bonds, 81, 7s0. 600
Curb exchange stocks, 20. 600 shares
bonds, SiOO, 900.
Big board Gales throughout the day:
Omen 20 IL 20. 600 shares
II TO close 1000 shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
Cruel Decade

The last decade has been cruel
to those leaving school or college,
seeking a foothold. There haven't
been enough jobs to go round.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09
A WEEK IN THE MARKET

NEW YORK, March s-The following table shows the
ty The New York Stock Exchange each day this week
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-03-09

Better days are on the way for
youths of work age.
Already the demand for their
services has very substantially
broadened. And as new plants and
equipment start up, many adj
ditional scores of thousands will
be engaged.
Admittedly, the most urgent
need is for skilled workers. Since
young brains and hands are teach
able, recruits will be drawn
mainly from the ranks Of youth.
Reports to date are that all but
a small percentage who have been
given training have measured up
very satisfactorily.
My experience and observation
while living or travelling in many
other countries convince me that
America has the most alert, in
telligent, resourceful, ambitious
workers in the whole world.
They have enjoyed, far more
than foreign workers, a sense OF
freedom, a sense of independence
a sense of self-reliance, a sense
that opportunities are open tc
them.
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1941-10-31

reached the party in time for the
good eats. Judging from what we
saw, must agree it was some par
ty. Here are a few of the char
acters: Mrs. Blanche Holiday
was a typical Dutchman in plaid
shirt and white embroidered dress,
a Texas lassie; Mrs. Emma STAN
ley, in a business suit and Mrs.
Jennie Adams in tuxedo, would
have been prize winners, were it
not for Mrs Annabel Harris and
Mrs. Dixie Lee Mott, dressed as
twin Aunt Jemimas; Mrs. c. In
gersoll and Mrs. Mayme White
were clowns.
Miss Hattie WATSON was "Old
Mother Hubbard; the basque and
hustle skirt worn by Mrs. Sula
Mae Williams had it's origin away
bask. Mary Turner's silk lace
formal was an early Goth century
model; "Klondike Kate" was none
other than Mrs. ADELAIDE Gaskin.
Mrs. Williams, chairman, assisted
by Mrs. S. Golden, P. Polk, A. B.
Harris and ]. Adams, arranged
what will not be soon forgotten
by the Bethel-Ites.
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1941-10-31
Black Cats, Witches, Brooms, Spooks
Rule Bethel-ites' Halloween Party

Black and yellow was the pre-
dominating color scheme, laugh
ing pumpkins, black cats, witches
on brooms, spooky, creepy objects,
noise makers, cider, ginger bread,
coffee, ice cream and cake aug
mented loads of fun by masked
guests for the Halloween party
sponsored by the Betel-Ite club
Monday evening, in observance of
the clubs 18th anniversary, at the
home of Mrs. c. Wisdom of N. E.
Union Ave. To Mrs. Sula Mae Will
liams, chairman of the entertain
ment committee, and the president
Mrs. Lula Gragg, goes the credit
for this information as (yours
truly wasn't there during the hill
arity and rumpus, but under
stand they, some 80 odd members,
hung their creed outside the door
and trusted the COLLINS infinitely.
1t was discovered there are many
musicians, poets and prima dom
mas unheard of in the club as ev-
idenced by the miscellaneous pro-
gram before masks were discard
ed. Having attended meeting
at Central YWCA, yours truly
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1941-10-31
Portland Turns Out En- Masse To Honor
A. Phillip Randolph Int. Pres. B. S. CO.

the light fantastic to the latest
hits, with Al and his boys real
sensation. 1t was quite fitting that
this hour of recreation be pro-
vided for his honor, the Labor
Chieftian, which followed several
days and evenings of strenuous
speech making. The extensive
guest list included: Mr.. and Mrs.
Joseph Reed, her black formal was
topped with a wool blouse, bead
trim; Mr.. and Mrs. William Coch-
ran; Mr.. and Mrs. Seth Hill; the
Ernie Manns; Mrs. Lillian Baker;
Mrs. Cora Minor and Miss Rosa
Spears made an attractive trio;
the spotlight fell on His honor
Mr.. aRndolph and his hosts, the
Prince Paries; Mr.. Stanton Duke
and Miss Corine Howard, the
George Canades and the A. A.
Jones; Mrs. zepha Baker and Mrs.
Ella Mae Dancey. Mr.. WATSON,
photographer, caught the party
from several different angles.
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1941-10-31

in Cleveland, they enjoyed much
of the city, including the drive in
theaters.
In Akron, Ohio, they met the
Ladds, former Portlanders, who
asked to be remembered to
friends. Leaving Mrs. Payne en-
route, they dashed over to Pitts
burgh, Penn, to see another BROTH
er. Including Cincinatti on this
trip was Mr.. Porter's first visit
there in IS years. On to Indian
apolis and Omaha, Nebr., to be
dinner guests of Mrs. Bell Taylor
and see many other friends. On
the train again, they didn't stop
until they reached Los Angeles,
to be guests of Mr.. and Mrs. Paid
Withers. Mrs. Pearl Mitchell, for
merly of Portland, with a new
home in Monrovia, was dinner hos
tess at the Hotel Clark for the
travellers. Lieutenant and Mrs. Ro-
bert Robinson were dinner hosts
on their patio. Homeward bound,
they stopped in Berkely, to see Mr..
and Mrs. Eugene Johnson, sister
and brother-in-lay of Mrs. Port
er's; saw Rev. James D. Wilson,
who was at that time much dis
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1941-10-31

1t was beautiful occasion en-
HANGED with thrills, delightful for
mality, romantic music by AL
Pierre and his boys, charming la
dies elegantly gowned, handsome,
well groomed gentlemen, all pay
ing homage to Portland's guest of
the week, A. Phillip Randolph, In
ternational president of the BSCP,
last Wednesday evening at the
Women's Club in down town Port
land. Truly a glamorous affair
everything to make it SO; plenty
of sparkling punch that made you
come back for more. Gaiety and
mirth co-mingled with genial hos
pitality as good fellows got to-
gether. Upon arrival, guests were
received by Mr.. Kelly Foster and
Mr.. ]. w. Stanley, official hosts
who ushered each guest to the re-
ception table in the down stairs
foyer where Mr.. A. j. Morton was
chief dispenser. Up stairs on the
mirror-like floor. guests tripped
The Northwest enterprise. [volume] (Seattle, Wash.) 1931-1952, 1941-10-31
u. S., Labor Unions
Democraey's Disgrace

Monday night, a representative
race group heard Prof. LIE Roy
Bowman of New York, in a con-
vincing address at Central Y on
Civil Liberties all the Time for
Everyone. Among the speakers
emphasis was this statement that
some individuals and races assume
a superior attitude towards other
individuals and races, thereby Gre
ating hate and racial prejudice.
This is true" said the speaker,
"of whites towards Negroes" He
cited shameful discrimination in
the U. S. Government against Ne
gro men and boys in military
training-how they are rejected in
the defense, industry and their diff
ficulty in securing memberships in
labor unions-just think of it, fur
Their stated Professor Bowman,
there are ten remaining states in
the United States where the Ne
gro can't vote. Everyone, all peo-
pie, regardless of race, creed or
color should have freedom of
speech, of press and be able to
work at whatever jobs he is quail
flied, continued the speaker. LAS
a human race, we need to know
each other. We should learn to
live together and come to the rea-
lization that superiority isn't
based on color.