davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Pdtmdn' S
Soft Money
Theories
Nv LEWIS HANEY


frofee>of OF beoh"nhtss -. T. hW'bhy
A New York reader asks:
what do you think of Con-
gresham Patman's argument
that. II we keep an orthodox
money system, the public debt
will cost the people twice as
much as the total amount OF
bonds Issued"
Answer: | think the SureSt
way TO double the money cost oil
our debt wetid be to adopt Pat
mans soft-money schemes. IL
we were to stop interest pay
ment on bonds, and make them
PAYABLE in irredeemable notes,
there would be no market for
bonds. Nobody would buy them
except as a gamble on rising
prices.
The surest way to expand the
debt is to reduce the purchasing
power of the dollar. That we can
do. if we are so foolish, by re-
moving all limits to the issue OF
paper money. The more-Ee- have
of it. the less it will be worth.
Don't forget: A bond is worth
no more than the money 1t calls
for.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Hiram Walker
Net Improves

VAUDEVILLE. Ont April s
Hiram Walker Gooderham &
Worts. Ltd. and subsidiaries re,
port for the quarter ended Febru-
airy Is, a net profit, in Canadian
currency. Of S1.4lS629. after de-
probation. interest, income and
excess profits taxes. etc, equal
after preferred dividend require
mentS 10 S176 a common share.
THIS compares with earnings Of
S1.19oo53 or S1.59 a common
share in the February quarter of
1910
For The SIX months ended Febru-
arl. = last. net profit was S3.0l3.-
go equal IA SIT a common
share. against s. 93s.5ls or $3.67
d common snare for six months
ended February %. 1910.
The company has declared n reg
ular quarterly dividend of 81 on
the common. payable June 10, TO
stock Of record NAV q.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Double March Deliveries

Retail deliveries Of De SotoS
and Plymouths by wayne
County dealers more than dou-
bled those of year ago March.
IL was announced today by Jack
Rose. Detroit distributor. Deliv-
cries of De Sotos during March
were 131 per cent ahead OF 1910,
while Plymouths showed a gam
OF 149 per cent.
Part of the credit may be due
TO the national contest being
conducted under the sponsorship
Of De Soto-Plyrnouth dealers.
Nine statesmen here are among
the top-ranking contestants Just
announced. They are Otto Block
Of Glow Motor Sales, d p. Muir
ply Of Stotts & Murphy. f. II.
Krug and j. Kaiser of George G..
Schmidt. Inc. ]. A. Burke OF
McSweeney's Motor Sales. Larry
Pucher of Stuart Sales, Phil
Bloomgarden and Frank Meyers
Of Motor Sales and Service Inc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Law of Economics

New York City asks:
Isn't Ii a great law of Geo.
Monies that production and con-
sumption must be equal: How
can man buy and consume
products when he has no
money!"
Answer: Yes. but there are
two factors in this equilibrium.
One of them is that consumption
has to be adjusted to production
when goods are scarce. The
other is that production has to
be adjusted to consumption when
goods are abundant.
In considering consumption.
too. it is necessary to remember
that the quality and variety of
goods may change without
change in quantity. l know no
reason why increased production
may not find a market by going
into new or better products.
There lies great hope for our
future.
AS to money, the total amount
of II, If constant, makes little
difference. We can't consume
money Increasing money adds
nothing to production.
There are only two ways TO
enable people without money TO
consume. One is to enable them
to produce things other people
demand, thus earning an income
for themselves. Free competition,
with prices adjusted according to
demand and supply conditions, is
the way to do this - supple
mented by relief in case of in
ability to earn.
The other is collectivism,
either as in Russia or in Ger
many. In theory. this means
getting along without real
money. People have to adjust
consumption to what the state
makes them produce, and like il.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Situation

Hollywood. Cal. asks:
"Who is the richest man now
OH WPA? Is il our director OF an
orchestra and son-in-law of a
multi-millionaire who draws $500
a month: Is IL the women whose
husbands have good jobs: Is It
those who drive new cars regis
tered in friends names, and paid
for with WPA checks? What
about the boys OF well-to-do par
ents who get on WPA projects
through pull: Isn't the WPA
riddled with unnecessary ex-
penses, at the time when we are
supposed to sacrifice for national
defense
Answer: You said it,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08

Graphs
s Michigan Cities
Win Places on
Traffic Honor Roll.

Five Michigan cities with pop
ulstions between 5000 and 10000
have been placed on the traffic
honor roll by the National Safety
Council. This means they went
through 1910 without a single
traffic fatality.
TIE FIVE ciues arc Nj. Pleas
ar. South Haven, Dowagiac
Peioskey and Charlotte. Three
Of them. Mt Pleasant. Dowaeiac
and Petoskey. are 'repeaters
having won the same honor m
1859.
One hundred and for;y-one
cities are Included IN the nations
honor roll This is a decrease
Of IS from 1899. Each VIII re-
ceive a certificate Of commenda-
ton for its part IN traffic safety.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
UNLISTED,
Record Rubber
Use Expected

NEW YORK. April s--Thc rub
Der trade expects United States
consumption Of crude rubber dur
ing March 10 exceed the previous
record figure established in Jan
uarv Estimates range from s.
600 10 1900 tons, with the aver
age indicating figure IN the
vicinity OF $1,000 tons.
Consumption in January this
year established an all-time record
when 6I.&25 tons were used
Actual use OF crude rubber in
February was 610l7 tons. and in
March. a year ago. 80 1872 tons.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08

After two years of investiga-
ton carried on at a cost TO the
federal government of 81 .062. 900.
the long-awaited shot in the final
report of the temporary national
economic committee proved a
pop-gun affair.
Neither interesting nor i'm
portantl "
It's basic philosophic thought
was summed up IN the idea of
breaking up big ones into little
ones. namely decentralizing in
duStry.
In referring 10 this, the COM
mittee concluded:
mo person who, with an open
mind, reviews the material gath
cred by this committee can fail
Ia conclude that the rise of
political centralism Is largely the
product of economic centralism
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Farmers Market

APPLES Delicious fancy, 81 bu No.
I. St.40Q1.75. Greetings. No /. 75c1 81 Is
bu No. ?, 4od soc; Jonathan. fshesEsfte
q 80 nu. No. /. eOc sl.25. No. 2. SO a.
81 50 rs. No. 2 75c ds1; Mcintosh,
fancy. -S1.1542 hu No. / SI25415 30.
No z, 15c a 81 Wagners, No. !. SiHl.2a
hu, steel Reds, fancy $l.75n1.s5 bu
No l. 81 Is 2 $50 No. 2. 81 bu.
FRENCH ENDIvE~Faney, 81: No. l.
REETS-No. r sOd soc bu
CABBAGE-No /, SiGt IS. No q IS
2 75e; REQ cabbage. No. i, 10000 bu. ;
=. cARRoTs- /. 7oasoc bu.; No. 2.
CELERY RooT-No. I. Tsc asi bu.
cHIvEs- ]. 81 so doz. bchs
EGGs-Large. $7.759s25 3o-doz. case
medium. S7a7.50.
HoGS-Dressed, I3dlsc Ii
HORsERADIsH-Fan } J0d37s bu.
No l. s2.5oa bu- No 2, s7q7.75.
JEEKs-No 1, 40 q soc doz. behs.
oHIoNs-Dry. fancy. sl.4oTi.75 5o-lb.
sweet, fancy, $500 LIS Sob. sack; No.
PAISLEY RooT-5oa 7se bu.
PARsNIPs-No. !, eoF75c bu.; No. 2,
50 cents. |
PoTAToEs-No. 1. Goa s5e; No. 2. IS
POULTRY Hens. live, heavy breeds. 10
p 2as H.. ieEhofns fSg2fc. broters.
heavy. 2tg7sc II; ducks, i5gise; geese
I4n17c
RADTsHEs-H othouse, 20 a soc don bchs
RHUBARB-H dollhouse fancy. $50 4oc
5-le. box choice, 251 3oe; small. 90 Q sec
RUTkBAoAs-No l. sor75c bu.
VEGETABLE oYsTERs--So. /, soc 9 81
doz bchs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Steel Rate
Holds nd
80 Per Ct.

NEW YORK. April Steel
operations for this week are
scheduled al 993 per cent OF in
got capacity compared with 992
per cent in the previous week. an
increase OF l of l point or L of
l per cent. according to the Amer
lean Iron and Steel Institute. A
month ago the indicated rate was
9S.S per cent. which was gain
Of Is points or l.3 per cent over
the preceding week.
The following table gives a COM
parlSon of the current schedule
with the nearest corresponding
week of previous years. together
with the changes from the week
Immediately preceding.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Metal Markets

Eew York and wholesale nonferrous
metal quotations supplied ~ Federated
Metals Division. Detroit; spot % per cent
tIn. nominal. New York. 81 90. future
Cir 81 i25. lake grade copper. delivered
M4dHesi, Eslsetrolgt.c spot sGnelter.- L
= 2 So casinE copper, - =. ST Louis
lead SO. ~ louis zinc 7.25 New York
TIr 4ufe' Copper producers and sreif-
ers 10 meet government "Wednesday GO
discuss price Export copper. II 90; resale
- 90. Zinc moderate Lad ard an'inouy
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Approve Rock Island
Equipment Purchase

CHICAGO, April S-Federal
Judge Michael L. Igoe has author
lied the purchase by the Chicago.
Rock Island and Pacific Railway
of three stainless steel coaches,
two stainless steel diners. two COM
bination mail express baggage
cars and three 1000 horse power
Diesel electric locomotives, cost
ing in aggregate $l,175,000.
The road is to pay 20 per cent
of the cost from treasury cash
and will finance the remainder 10y
conditional sales agreements.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
View Of Sloan

Declares prominent lnuus-
trialist. Chairman a. p Sloan
Of General Motors. IN the story
or his life Doubleday Doran
when through research or
engineering or some phase OF
our production We. proudly saNe
50 cents. some taxing authority
comes along and adds S25, and
sometimes specifies II must be
added in such way the Gus
tomer can't find out; and S25 ~.
In small part OF the total tax
cost added to the motorcar dur
ing the past few years. Appar-
entity the taxation, quite apart
from defense requirements, IL
Just starting, too. The consumer
must pay, but every one pays In
a lower standard OF living. un-
employment, with general de-
terioration Of the social ana
economic structure"
A prominent labor leader,
Vice President Matthew Vol OF
tho American Federation OF
Labor. cordially agrees. Thus:
"Thc constant expansion OF the
activities of government - mu-
nicipal, state and federal--have
brought about n demand for tax
funds so great that there IL
grave danger that the standards
of living of the average Ameri-
can working man will he seri-
ousiy reduced through the con-
tributiOns which he IL forced to
make In the form of taxes i.
government spending IL what
makes taxes. Cut needless, I'M
fruitful. wasteful, and destruc-
tive expenditures and we reduce
taxes.
AN important thing to be
kept constantly In mind Il that
government spending and Its &C.
complaining taxation. cannot
continue without reducing the
amount which would otherwise
be invested In private venture
enterprises. Labor Is awaken
ing TO the dangers of the tar
situation"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Detroit Produce

! Trading WAS fair a. the Detroit Union
/ Produce Terminal THIS morning. ieebeT 4
\ lettuce, asparagus Were stronger Broccoli
and caulilower continued strong most
other commodities remained about steady
/ APPLES Michigan DG crates = inca
minimum Delicious. $40 FL I so Mcintosh.
Northern Spys, $3.50 80 Starks, 81
steele Reds. $40 10, ia-ineh mini
num- 81 10
AepARAGUs- sHfoynia pyramid crates
4 doz behs. Select 81 p. few. 81 so sx-
/ ira fancy. s. IS. fancy. 81. loose stock.
small. 81 1925. medium, 81, fair quality.
AvocApos- California Eats rs to sos.
81 S. ~ I 40. fair quality, 81 D n J. 50
BEANS Florida bar. hsmpers Bounti-
fuls. 50 asa 3.75 Valentines. So 75Ui 30.
/ BEETS-TeXas half crates, } doz., $l.SS
BRoccoLI-Pony crates 2s,22 lunches
Cslifornis. S3.25W4. Texas, 50 10 !
CABRAGE-Los Angeles crates round
type Texas 50 SIS ~ s., fair quality, 81 So
fair quality and condition 81 %. haii
crates, 81 50al.6o; Savoy, $3.50 red
CARROTS Los Angeles crates Gait
fprnia doz., 50 50 2.I3. mostly " %
Texas do1;. 81 go do o. s2.25 . 3D.
CAULIFLOwER- offerings hight very
few sales. 50 81 fair quality and condi-
CFIERY-1s-inch crates, trimmed tops
Florida Pascal and doz.. 50. 20. 8
dor. $2.75, Golden Hear. and 4 doz
SAGA IS: s dor, S3a325, fair auaiity
81 5op275. s doz.. 50 3.f0: 10 dor. 81
1913: ks $500 3.75; crates of hearts
5 doz cellophane wrapped. Sa2j
LETTUCE--Ios Angeles crates Iceberg.
Phoenix district, doz., $40 20 rev
quality. 81 80. G doz. fair. quality. 81 10
Boston type Texas. hp-, SOC.
ROMAINE Louisiana h'i., 81 %
LEAF LETTUCE dollhouse, 10 10. bas-
~
ONIONS SOLD sacks, U. $. No I.
Sweet Spanish. 3-ineh and larger Colorado.
50 i5a % Michigan 20 per cent 2.inch
and larger. U s. No. l. Yellows. 81 40.
Onion SETS BIB saeks. Illinois Vel
lows. s1.401 50. Whites. si.40 IS.
PEPPERS y hi. crts, California
Wonder Mexico. fancy medium to large .S
Florida, Ruby Hangs, fancy. 0i.49q $50;
POTATOES g No. I. 10o-ih. sacks
unless Otherwise stated. Idaho Russet Bur
banks. washed. si.s042: mostly $500
l. S5: unwsshed S1.75: No. Is. 1888; 10
n. sacks. p 1 &c various varieties, Maine.
81 $50 1.s5: mostly $3.50: i5.lb. sacks
26 y 27c Wisconsin Katahdins 81 s.. Min
nesofa Cohhlers. 81 30 - l. 40; North Dakota
Cobblers. Si.35 Wyoming Triumphs. 81 30
NJ: Sob. SACHS, SI.05n 10. Nebraska
Triumphs. 1oO-ln sacks. generally good
.s1.O501 10. Michigan Russet Rurals. 81 %
Oils; Chippewas, nothing offered: Cob
Green Mountains si.35; f5-lb sacks 23c
New stock. Florida bu crates. u. S. No /,
Triumphs. 81 500 I s.. Texas s0-lh sacks
u. S. No. I, Trumphs, showing some
spotted sacks from decay. Si.63nIT5.
Michigan 5O-lb. saces, hot
house. nothing offered.
RUTABAGAS 49, Canada J0-lb. eacks,
waxed 90 Y CSC. few. 81.
SHALLOTS-L Louisiana barrels. 20-doz.
punches. 81. few, $3.50. crates, 5-doz..
VI fh-T -
SPINACH Texas baskeiA.- curley-
75c a.
STRAWBERRIES louisiana ,24-pt.
crates Klondykes 81 so Florida 50 ~.
crates Misrionarys. $4,000
10Th cartons
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Trusts and Public

Instead of being dazzled by
the colorful phrase making of
Messrs. Berle and Means. the
TNEC could have obtained sci
entific guidance as TO modus
operandi by consulting a now
forgotten American economist
and social reformer. George
Gunton. who in 1899 in his
TRUSTS and the Public Sug-
gested practical tests for meas
uring the usefulness Of modern
business units. In tomorrow 5
column, I shall show the applica-
bility of Gunton'S ideas 10 the
economic problems put under
an X-ray by the H'NEC.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Livestock Markets


CATTLE FeCeiNts gDn market tteaGy
and active choice 10 prime yesrlinEs dry
fed. 81 81 y god 10 choice yesrinEs DR.,
fed s1Gttif. fair 20 good yearings drs
fed sail good 20 choice heavy steer
dry fed Si04f II far 70 good heavy steer
dry fed Sgui0 good butcher steers snf
heifers 50 %. falr 30 good steers ami
hetferu S649 common butcher cattle
So 80 y 50 best COWS 81 50: good
butcher cows So SoH7. cutter cows 81 e
.fs5 Gamer cows 2sfr5 81. Old rims
81 down. pest light butcher bulls. s. 20 %
r. hest heRvv welght hologna 81 81 -
q. medium weight bologna bulls 50 - n
bulls. - " 30 Fof 60 choice s,ockers snd
feeders $50 ~. common 70 fair Stocker'
ana feaefs So 50 mixers and spring
ers so Puc
e. Wal CALVES Receipts 100 market
steady with yesterday close best cnlvss
si3 fair % good - 50 q u 81 seconds
St0aIl culis, AMI common Saas 81
SHEEP AND LAMBS Receipts 500
market ste8dy hesf ismhs ST. II p
fair - good Stoa "a 80; seconds 50 10.
best woni sheen IS ao9T. best ctirred
ANTS. IS 300. heavy fst SHEEP Sts0g
$50 culls and common. g so4t: best
cliuued sheen. 50
HOGS Receipts ? ooo. rnsrss, 80 to 81
higher. good g choice. GOO % go III. SO.
---r- 1T IT. = ~. III 70 ZOn lbs
IS 50 $50 ~ 30 lbs IS 80. 40 n aoo
his So %. heRviss. 7nn 20 32s lts IS 70.
32S II $50 lbs Sc 10 $50 % 80 lbs s.
roughs. s. 25 p : 80, lights. S775Qs pigs
SI15. stays, 50 so
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Wind Up Spring Drive

Two weeks Of Cadillac Spring
campaign trips that covered all
important retail market points
wound Up in Detroit yesterday,
when rs Cadillac representa-
tiveS Of this district heard off,
Gals sketch 1871 advertising and
merchandising plans
The session at the Book-Cadil-
lac Hotel was addressed BY d.
r Ahrens, general sales man
sger; r. l. Rickenbaugh. sales
promotion manager. and W A
Houser. general parts and serv-
ice manager.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Chrysler Chiefs Confer

David A. Wallace, president
Of ChrySler. today has an opti-
mlstic picture of business in
various sections of the country.
Regional managers assembled at
the plant yesterday for a discus
sion of Spring plans and to give
reports on their territories.
Others who attended the confer
ence were Charles l.. jacobson,
vice president in charge of sales,
and General Sales Manager
Stewart w. Munroe.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Further Rise Noted
In Commodity Index

WASHINGTON, April S.-The
wholesale commodity price index,
as complied by the National Ferti-
lizer Association. in the week
ended April 5 stood at 1887 per
cent of the 1935-1939 average,
compared with 1929 per cent in
the previous week. 75.4 a month
ago, and 97S a year ago.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Dome Mines Output
Steady During Mafth

TORONTO, April s. March
production Of Dome Mines. Ltd.
was valued at S66O,375. including
premium. compared with S66l ,416
IN March last year.
For the first three months pro-
duction was valued at 81. 95S, 021.
against Si.992.l35 for the similar
period Of 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Display ON Products

Two samples of General Mo
tors defense production pro-
gram are on display in the Fox
Thester lobby this week in con-
nection with the current picture.
A machine gun made at the
Saginaw Steering Gear division
and a number of Is to los MILL
meter shells from the General
Motors forge plant AZ Lansing
are the products exhibited.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
An tIneS u ain

United States air lines few 81
percent more -reYenue miles,
carried 50 per cent more revenue
passengers and increased their
air express poundage by SO per
cent in February OF this year
over 1910. David II. Connolly,
administrator Of civil aeronau-
tics, reported today. The is do
nestle companies flew S.7s5 .96l
miles and carried 1876. 92i pas
sengers and 1,109. 35z pounds Of
air express. according TO the fig
ures compiled by the CAA.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
None Can Foretell

And. of course, still heavier
taxes viii be, imposed upon us
this year and the next and me
next. for how much longer no
mortal can foretell.
Already our defense program
il scheduled TO cost SAC. 0O0.OOO,-
OO0-forty thousand millions OF
dollars. That this Incompetent
sible total Will be increased no
body doubts.
Meanwhile. the administration
does nothing TO slash other
forms of spending. spending
which totally eclipSes anything
ever before inflicted upon tax
PAYERS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
p. &C. Advance Soap
Prices by a Per Cent

CINCINNATI. April S.-Procter
and Gamble Company has in
creased the wholesale prices Of
major soap lines and shortening
products by approximately d per
cent. The recent increases in the
prices of various commodities GO
ing INTO soap-makIng nave CauSCr
Proctor & Gamble TO advance
prices generally for the first time
since Senfcnher. 1920
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Tiqhten Tax Screws

Tax screws on business were
frightened still further last year.
OF each So of increased income
Industrial groups were able 10
earn. the tax collectors grabbed
approximately 81 Trade coH-
Germs Jared much worse; the
percentage of their increased
income impounded by tax gath
erers was 1856 per cent.
The National City Bank OF
New York furnishes these fg-
ures showing the per cent OF
increased income taken by
income and excess proflt taxes
on 1910 net incomes Of concerns
paying over Sl,000,0O0 IN taxes:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
80 Million Families

But logically. if this is the
criterion in time of emergency,
is not high productivity at low
cost also relevant in time of
peace, since it bears directly on
the effort 10 improve the ma
terial well-being of 10000 600
American families?
Instead of beating the tom
toms for theoretical critics of
business. on the one hand, and
of pursuing the antithetical
course of white washing big
business, on the other, the
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Named Chief Inspector

John Pathe. for II years in
charge OF Plymouth's new car
setup for customer driVeaways.
has been promoted 10 chief
OF al factory inspection work.
Pathe will take responsibility
for more than 1000 separate IN
specuons Of parts and assem-
bheS.
A. +. Jones. VINO was chief in
spector. VIII taKe over new liai-
son duties between productfofr
and factory dealer service OPP
erationS. according TO Oscar NJ.
Chase, Plymouth factory chief.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Detroit Poultry

Market. steady TO firm. Hens over 81
Tbs 1fts under 81 fpr.. zrc; cccs-i y
n i2c. stag lie; leghorn hens, 3 lbs an
Up Ire rock springers ~ lbs and up
2fc: ieghorn 'hrdiers - lbs. and up, zoe
capons, he and Up, 26e. under 7 lbs.
-1.1r
EGCs Market arm current receipts
q &C, undersrsdes, ~. . iase.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08

stock market"
Answer: The stock market
shows some signs of coming TO
life. Anyhow, | am sure that the
government does not want
market panic; for that would
hurt the business situation in
many ways.
But I believe that the govern
ment does not want the stock
market TO 20 up much. 1t IS
much afraid of Initiation
largely because of its own un-
sound credit policies. and doubt
less thinks that active specula-
ton would touch this off. Its
chief reason for not wanting
stocks to rise, however. IS its
desire to sell bonds to individual
investors A bull market would
make people want TO buy stocks
instead of bonds.
You sec. the government wants
10 take our savings To spend for
the purposes of the party now in
power. Incidentally. it is the fear
of what the government may do
10 business that is chiefly re-
sponsible for the relatively de-
pressed condition of the market
fear of war controls.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Query on Gold

Oakland. Cal. asks:
DE foreigners own any VI the
gold buried In Kentucky"
Answer. No. The only foreign
owned gold is "earmarked' and
deposited in the Federal Re
serve Bank Of New York.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08
Scratches

International News service Wire
At BOWIE
Weather. siears track, fast
Pirst Race--C on1ito, Aeense Nc. Fire-
arms I.4surr.
second Rarr Arprchend. RsgAsia,
htef Cherokec, Cirus. Mis-. Happy, West
INK
Third RAcs-Psck saddle. Adolf, Gu
pid's Arrow, Air Win, GUINEA Dorie,
Nanci-s Best
Fourth Race--Brinant Carl. One TIP.
Uiffersntiai, kRrnak. Alert Baby, Coo
klehnf
~i,th Rscs---NiEbt Tide Fsgo.o.
~attnth Raee-DinEBnns
fIFhfh RaCe--BlArk Grouss In Mem
or, Georgetown, Dark MnJ
At TROFIC Al Park
" safhEE-- elauAS track .l--HH.s --
first Race-Stralght Thru. Gautivo.
ffkfuH. s~-~f~aF pafns Ratter. CRUISING.
~erund Rare-Maedixie. INDIGNATION.
Vie Dean. nj vernon.
Fourth Rsce-Try DO 49, Famed WI
ipu springs
sixth Rsoe--Jspo Tssy. Drsrsn Lady.
~efeuth Race-BaEgraVe, Pistol Pete.
Geo. krehbisi. Buttsrmilk. Jules LagaTd,
Wanna HyEro.
fskhfh Bscs-SHght Error. Narise,
Nff~n. Girnen, John Aiirn. endr ilion.
Ninth RAes ,substituts i--Desisfsd off.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-08

tisnds Neon Lights. Inc. Of Nv Norh.
anf fhfef phuIlE nVrc1 slbsid area re-
poff - TIE year endef necem b. 81 usf
-1ss ~ So go. ag4Irst a net loss OF
tl5. 80 IN ls5s.