davidaulloa/AmericanStories huggingface dataset:
Imperial Valley press., 1941-06-04
Leahy Confers in
vichy With Pefain

VlCHY, June 4 CUP)- United
States Ambassador William D.
Leahy conferred with Marshal
Henri Philippe Petain today and
requested a definitive statement
upon the new French policy to-
ward the axis and rising Franco
British tension.
Leahy was said to have question
ed Petain concerning French de-
cisions on a plan of empire de-
fense" reached in discussions be-
tween Petain, Gen. Maxine Wey-
gand, Admiral Jean Francois Dar-
Ian and the Vichy cabinet yester-
day
Those plans were said now 10 be
completed and to call for a stiff
fening of French defenses in Syria
where French desert stations were
reported already on the alert
against possible British attack.
Weygand was expected TO return
to Algeria where he is in general
charge of all French colonial de-
tense without further announce
ment.
Official statements issued here
today contended that Germany has
not been asked to aid in defense
of Syria. 1t was said again that
France would defend her empire
without help from the axis and that
no German or Italian soldiers are
in Syria.
Imperial Valley press., 1941-06-04
French Aid Nuzis
Short OF War

in Syria. The controlled
Paris press said France would do
everything it could short of war
to help Germany against Britain.
The French knew nothing of the
way events were shaping, and were
ignorant of the tension between
Vichy and Great Britain. The con-
trolled French press has done every
thing possible TO convince the pub
lie that Frances zeal enemy is
Britain and that France must col
laborate with Germany and Italy.
The French newspaper reader has
not been told that Britain has lost
faith in Frances neutrality and
that it believes the Vichy regime
must make any concessions which
Germany and italy demand. He
knows nothing Of what happened
in Syria before Britain became ac-
tive there but he does know of
British bombings of Syrian airfields.
Imperial Valley press., 1941-06-04
BY RALPH iIEINZEN

VICHY, France, June 4. CUP)-
Gen. Maxine Weygand, French col
onial commander in chief, is in conf
plete agreement with Marshal Henri
Philippe Petain, Vice Premier Jean
Francois Darlan and other govern
ment leaders on a new plan to dc
fend French colonial territory
against any challenge, it was said
authoritatively today.
Any British attacks. it was en-
phasized, would be met by weapons
including an air force which, re-
conditioned by German permission,
is in position, after a secret of de-
fense forces, to defend both Tunisia
and Syria.
Information was refused on the
exact nature of French preparations
Imperial Valley press., 1941-06-04
French Cooperation Ominous

with action in Syria, which is in
tegrally linked with the defense of
Cyprus. 1t is not beyond possibility
that Germany would like TO see
Britain invade Syria.
If an important part of the Near
Eastern army can be diverted there,
and the fleet kept occupied in those
waters, it would be much easier for
the axis to start an all-out offensive
eastward from Libya towards the
SueZ canal.
AS it is now, the British are no
more than holding their own at
besieged Tobruk The German STRAIT
egy with regard to Cyprus and Syria
would seem to be to divert British
strength SO that enough men and
equipment can be thrown into Libya
from Sicily to crush the western
defense of the Suez canal.
Imperial Valley press., 1941-06-04
Churchill Faces
Parliament Quiz

Which members might criticize the
government and military leaders.
Churchill had said that Crete
would be defended to the death.
But it was charged now that the
British intelligence service had
given ample warning that the Ger
man were preparing to attack and
that the commanding officers on
the spot did nothing.
1t was charged that the British
imperial forces did nothing in six
months to develop air fields in
Greece, for instance, but that the
Germans had made new air fields
within three weeks of their occupa-
ton.
1t was charged that there was
no attempt to mine Cretan fields
90 that the Germans could not use
them.
Imperial Valley press., 1941-06-04

of defense forces, to defend both
Tunisia and Syria"
The German controlled Paris
press is stressing the significant
phrase amy aid short of war" in
its campaign TO prepare the French
for possible armed action. That IS,
it would not be war but defense.
The mention by Vichy of Tunisia
iniects new note. Tunisia is the
French possession on the north
African coast sandwiched between
Algeria and Italian Libya. Vichy al
ready has protested bitterly to Brit
ain against her bombing of ships in
the harbor of SfaX, on the Tunisian
Imperial Valley press., 1941-06-04

coast.
Tunisia is at the narrowest point
of the Mediterranean. At the closest
point, it is 125 miles from italian
Sardinia to the north and Italian
Sicily to the east. That forms a
perfect bottleneck in which axis
planes, perhaps in combination with
the French, could operate to cut
the Mediterranean against the Brit
iSh fleet.
In the small triangle thus formed.
British ships could move only at
Great peril Now that the Germans
have Crete, the effect would be to
isolate the eastern half of the Med
iterranean fleet in small area be-
TWEEN Asia Minor and Egypt.
The British would be kept occu-
pied defending Cyprus, and probably
Imperial Valley press., 1941-06-04

3 A comparison OF dispatches from
Berlin, Vichy and London give a
clue to the picture. Berlin, after
speaking of relaxing the armistice
terms, expressed belief that France
is ready to defend her territory.
London says Vichy is co-operat-
ing fully with Germany and the
latter is doing everything it can to
precipitate a clash between Great
Britain and France.
From Vichy comes this:
ANY British attack. it was en-
phasized, would be met by weapons
including an air force which, re-
conditioned by German permission,
is in position, after a secret shift
Imperial Valley press., 1941-06-04
Raj Sets Fire to
SYRIA Gasoline

BEIRUT, Syria, June 4. UP)-
British planes, attacking in face OF
French anti-aircraft gun fire, set
fire to gasoline tanks in the vicinity
of Beirut harbor today.
The French guns we're in action
for Is minutes.
tVichy, in Beirut dispatch, said
that a British bombing plane did
slight damage to the Shell Oil Co.
depot at Beirut yesterday and
wounded one native in an attack
in which it dropped four bombs)
Imperial Valley press., 1941-06-04
BY UNITED PRESS

The ominous note in Wednesday S
war news is the inspired hint from
Berlin that Germany is prepared
to cooperate" with France in de-
Tending her colonial possessions,
even to relaxing the armistice
terms"
That can only mean Germany is
maneuvering to get the French fleet
and air force into action, ostensibly
not as part of the axis war machine
but to defend French territory
against attack.
Imperial Valley press., 1941-06-04
7ssxkbAx LOANS COST LESS

There is only one way to determine the exact
cost of personal loan, and that is by the
use of simple arithmetic. frequently, rate
charts are designed to conceal loan costs
rather than to reveal them. If you will study
the Bank of America rate chart shown in
this advertisement, you will Gee that the
cost of a 71xebka1 personal loan of 500 is
exactly Sc per year. There are no deductions
or other charges. You receive the full amount
of the loan, and the published cost includes
life insurance on the unpaid balance. Com
pare the cost as shown in this Bank of Amer
lea chart with loan charts published by other
types of lending companies. You will discover
that in some cases their costs for $l00
personal loan are go per cent higher than
Bank of America 7n9bAab
Imperial Valley press., 1941-06-04
British Capture
Italian Troops

CAIRO, June (UP) British
troops fighting in the lakes district
south of Adds Ababa have cap
tured 5772 Italian and 12,0l0 Afri-
can troops, middle east headquarters
said today. A communique said that
great quantities of materials, in
cluding ID tanks, seven armored
cars and 85 guns had been taken.
The British general advance in
Ethiopia was reported continuing.
Imperial Valley press., 1941-06-04
IS EPILEPSY INHERITED?
WHAT CAUSES 1T?

a booklet containing the opinions of fam.
Gus doctors on this interesting subject will
be sent FREE, while they last, to any reader
writing to the Educational Division. 5ss
Fifth Ave. New York, N. T.. Dept J-388
Imperial Valley press., 1941-06-04
NO EMBARRASSMENT At
BANK OF AMERICA

When you come to Bank of America for
ziszhksx personal loan, you are coming to a
bank where every type of banking trans
action is handled daily for many thousands
of people. No one knows that you are apply
Imperial Valley press., 1941-06-04
FRENCH DENY

TRENCH DENY
VICHY, June CUP) The
French government tonight Of
ficially denied reports broadcast by
the British radio that France had
agreed to dual Franco German oc-
cupation of six French naval bases,
including Dakar.
Imperial Valley press., 1941-06-04
BANK OF AMERICA 7IamqshxloANs ARE coNFIDEN-
TIAL, CONVENIENT, Low. .C0sT.. ..EAsY TO ARRANGE
WHETHER You ARE A DEPos!1oR OR NOT!

Let's look this personal loan business square
in the face. No one likes to borrow money,
but almost everyone at some time or another
meets an urgent need for extra cash. When
such a time arrives the two most important
questions which you as borrower should
ask are these:
What is the exact cost of the loan!
Where can ] obtain the friendiest
n consideration and arrange the loan~
without personal embarrassment
Imperial Valley press., 1941-06-04

NOTE: II you feel that you mood a
longer period for repayment oil a
loan. do not hesitute to discuss
your problem with tho manager or
other official OF Bunk Of America.
Your personal convenience hos al.
woys been Bank OF Americas first
consideration.
Imperial Valley press., 1941-06-04

ness of any bank. Your personal loan appli-
cation at any branch of Bank of America is
received by friendly officials who welcome
your application as part of their regular
daily banking business. When your loan is
approved you receive the full amount of it
at once.
Remember THIS ONLY A
7inxbAan PERSONAL LOAN, AR
RANGED At BANK OF AMERICA,
GIVES you FRIENDLY NEICHBoR-
HOOD SERVICE AND STATEWIDE
BANK CREDIT RELATIONSHIP
A credit relationship with Bank of America
is an important asset when you need it. For
Bank of America not only leads in the maxi
ing of personal loans, but also in automobile
financing and in making loans to buy, build
or Inodernize homes and other property. Once
you have established your credit with Bank
of America you have friend who knows you
and who values your goodwill as future
Imperial Valley press., 1941-06-04
SERVING WITH SKILL
AND FR|ENDLINESS

By all technical Standards telephone service goes
tinuaIIy forward Equally important, it goes forward
in courtesy Friendlness and courtesy watchwords
with the people in this organization There about
100000 of us behind your Bell System service.
Imperial Valley press., 1941-06-04


IN PERSONAL LOANS BANK OF
AMERICA IS THE LEADER
Every year in California Bank of America
makes far more personal loans than are made
by any other lending company. Bank of
America has won this outstanding position
because years ago it took the lead in reduc-
ing the cost of loans to the men and women
of California a step which has saved
millions of dollars for small loan borrowers.
TWo-THIRps OF BANK OF AMER
IcA LOANS ARE MADE WITHOUT
Co-MAKERS, WAGE ASSIGN
MENTS, FURNITURE MORTGAGES
OR ANY SECURITY
The only requirements for such loans are
that the borrower be credit-worthy, steadily
employed for at least one year, and have q
minimum annual income of $500 Loans are
limited to 20 per cent of annual incomes.
You do not have to be depositor.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Detroit Girl Wins
Bank Contest
W. i. HELLENRERG
Times stan Correspondent

LANSING, Feb. 1S.-Two high
school girls, winners of a state
wide essay contest on why l
Would Choose Banking as My
Lies Work" sponsored by the
Michigan Bankers Association,
were presented with prize checks
by Gov. Murray D. Van Wagner.
Miss Mary Calkins, 17-year-old
senior at South Lyon High School
was awarded SIS and Miss Mary
Agnes Speedie. a senior at St.
Gregory High School. Detroit was
given $50 as first and second win
ners. Miss CalkinS will also re-
ceive a weekend at Grand Hotel,
Mackinac Island. and Miss Speedie
will receive a lake cruise aboard
a y & G liner this Summer.
Car Tupala of Ishpeming High
School won third prize and was
awarded S25 and four box seats
at a Tiger ball game. The three
were victors in the contest which
attracted 10000 boys and girls
from all parts of the state.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Coast Brokers' View

But the views expressed by
one non-New York broker, Viii
liam Cavalier of Los Angeles. are
probably typical of the differ
ence between Wall Street and
others. He tells me:
@ THE investment banking and
brokerage fraternity is in the
depths of abysmal gloom.
THE antithesis of this philoso-
ply prevailed during the halcyon
days of the twenties, when the
quick and royal road to wealth
was via the Investment banking
and brokerage route. Then seats
on the New York Stock En-
change sold above 5000, 000-nOw
below 100000; then seats on the
Los Angeles Stock Exchange
found eager buyers at 100000
plus. while now pennies will pro-
cure a seat.
worldwide uncertainties have
tended to limit the financial
markets almost entirely to an
investment basis. Yet, in face
OF restricted speculative activity,
there exists a broad demand for
sound securities, as has been
proven by the wide and success
full distribution of British-held
stocks.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Goodyear
40 Profit
10 Million

CLEVELAND, Feb. 1S.-Good-
year Tire and Rubber Company
and its subsidiaries. for the year
ended December 81 shows a net
profit of S10.309,7SS after depreci-
alton. interest, subsidiary divi-
dends, federal income taxes and
S1,000.000 reserve for contingent
cies. equal after preferred divi-
dends to S3.44 a share on 2,059, l6S
shares of common. excluding 2,288
shares in the treasury.
This compares with a net profit
of S9.S3S797 or $500 a common
share in 1899 1929. after dedaetiHgg ST. 81 =
79l 602 foreign exchange adjust
ImCnt.
Net sales were S217,540,079,
against $500, 1ot, 704.
Current assets as of December
81 amounted to S120,313,776 and
current liabilities were S22.245, TIC
compared with S109,251 500 and
lS1z515,813, respectively, at end Of
1889.
The company declared an extra
dividend of p cents and a quar-
terly dividend of = cents on the
common, both payable March -,
to stock of record February q.
Similar payments were made
March Is last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Detroit Edison
Plans ) for |
Stock Split

Stockholders of Detroit Edison
Company AT a special meeting on
March 25 will vote on proposals to
change the par value of the COM
pany's capital stock from 500 to
$50 and TO replace each presently
outstanding share with five shares
of the new stock. The changes
will not affect the total outstand-
inc capitalization of the company,
which is S127, 226,000 as of Deem
Der 81. last.
Michigan public service commits
sion al hearing in Lansing Mon
day informally approved the COM
pany's application TO make the
changes.
1t is pointed out that the re-
duction in par value and conse-
quent reduction in the market
value of the stock will bring the
shares in line with the established
preferences of investors.
Detroit Edison shares arc among
the few still currently quoted at
more than 500 a share. OF more
than 500 issues of stocks traded
daily on the average on the New
York Stock Exchange. no more
than a dozen usually sell at more
than 500 a share.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Brokers' Loans Down

A very different showing is
made by borrowings by security
brokers and dealers. They are
actually less than a year ago.
This is perhaps natural seeing
that stock sales on the New
York Stock Exchange this year
have fallen short of $4,000 900
shares. contrasted with almost
25.000,000 a year ago. Moreover.
the market value of all stocks
dealt in on the New York Stock
Exchange has shriveled approx
imately IS, 500, 100000 in the last
II months. Last week was par
ticularly disastrous.
Talk with the average Wall
Street broker and he will blame
practically everything on the
hamstringing of the financial
world by the Securities and Ex-
change CommisSion-while adj
hitting that international events
have aggravated uncertainty.
My humble judgment is that
the SEC has gone altogether too
far in imposing restrictions on
stock exchanges and on stock
transactions. that the effect of
excessive interference has been
harmful to the nation, to the
successful functioning of our
capitalistic system.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Use Of Bank Credit

Probably more significant AZ
present is the high-grade bond
market As the currency depre-
6iateS. such bonds tend To fall
in price. since they discount the
reduced purchasing power Of the
fixed sum of currency which
they call for in the future.
The use Of bank credit is also
an important indication. I ad-
wise YOU 70 watch bank debts
tthe volume Of checks drawn on
individual accounts. making
due allowances for seasonal
variation. When this figure in
greasy more rapidly than de-
mand deposits, II viii show a
rising velocity Of credit turn
oVer Of bank depesits4 Since
deposits are enormously in
fated. we can be fairly sure
that II they are put 10 use in
actual circulation We car be
fairly sure effective initiation"
Will result.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Detroit Produce

:, APP, ts N shlean bg crates 7. s
g So spys 81 4ot 50 Ionafhans ~
z. L5o; spys. 500 80; Jonathans. ? :
l. .AvocADos-Caufornia fats, $500
81 500 100
BEErs-Texas '.-era,es 3 daz. si25
BEANs Florida bu. bampen Back
valentines. 8 80. tcW as. wax
IA Rroe e 81 2 59'a i,i, 50 2.so ta- 80.
Arizona s3-lo43.I5. Celior0ia. g So
= srT.leEHg - 49,
cABB tGE re as L. \ Graf se'7,.
Jar quality $50. = crates. ell 10
fioroa II hi ha~ .crs 81
CARROTS Z. A. crates. s,dox C.ifor-
MA. = Ga g.15. Icsas. coz. s. - O.
cAULIFr OVER california PONY cra,es.
i2q ana lsrccr. s. io1l.-o few hest 81 on.
CELERY -Caualnia = crate. Pascal
80 doz. 50. - aoz SO q ! =.
washed dor $50 - ore1a-o4a
higher; s 'oz 50 .na .. 10 q 2. s. -
~ S. few 50. XXs. $500; far quaaty.
ENDlvEs California l.. A crates.
81 1898 few well oisar-ed. $500 g..
EscARol -TeYas. nm u 50
] LETTUCE L. a. 50 fes Ice err tspe
ARR na Yuma, s-doz s.. % ? -, p sa7.
80 S doy s. fo-..2 n, occasional rirHe-.
ibAf Ii Z lL- H1trguEe. fH-Ir has
@els on >Llo. Mieme5.oo. >i.ilo..
ONIONS H-u. sasts - l. 3
.neaes ard larger sweet spanish Colorafo.
81 3tH 10 Indiana 81 a. Michigan yell
.9ws. 81 = boc 2..uch and IsrEer u1 g &C.
't SOC inch and isfllr Ia1 sc.
ORANGES c. ffHfHI4 sd boxes. &a-
YES. 81 1908. FiHraa aHrfnuGua boxes.
cHnHinatan Grade = la 81
iEAS Mra.eT- hu. nr.s. s. 81 q -
California Bu. hEts. s. IS. tu. rnrs 8 "a.
PEPPERS -nu. c.is Cauiar-. "a Wrr-
dnrs' Mexico So Florida 81 p %.
c9oire. - 81; Ruby bings. $40 oha.ce.
POTATOES 10o-ls. sacks T. S. 10. :
lfaho Russeis. 81 s. . / f.. NJ J. s. 80;
paper sacke Katahdfus. &c. HichiFan
R4sset Eurais. 81 iGH lis. Cohhiers, 81 -
T. +. Green Mountains 81 269f1 IS. Idaho
RuEsets I0-lb SACKS. 20 % 2ic. Maine. var-
Gus varieties i5-iJ. sacks. . u2fc. Nfrhf-
gan Green Mountains lf-lb SACHS 20 y
2Sc florida bu. crts. washed Tn, 80
RADsHEs- Texss pony orts % behso
81 p p; fair quality, 81 7hn1si
EHCB ARB Michigan dollhouse 50-th.
cases. choice q s5022 a.. fame. S2.734
Q 3. extra fancy - 30 af.
RtTABAGAs - Canada, 5o-lh. sacks.
sHALLoTs- louisiana his 20 dor
bchs Si0a 10 - 5-doz. crts. s. 8.
SPINACH Texas hu. bkts.. curly, Ssoc
SWEET RorAroEs-B ul ctis for,o
Rieaus: Louisiana. / s. No /. 81 So,
TcHaF. L 50. J. q po4@, $. No 2
$40 okishona ~ hfis. Jersey .ttypee
sfF51 60 NsV lefze, -bu hprs.. L 3.
ToNkroEs f'ar4s - Mexico. re-
pa 10Th. ere, s -.fs i-f".
ItENfFs Texas t-o1 cris beha
TURN1P TOPS -Iouisisrna hu. siq
NIB. Georgia, Si.iSd i.2S. Texas a .eris.,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Watch SIGNS

Garden City, y. Y. asks:
You say TO watch for signs
that currency Is beginning TO
decrease in purchasing power.
What signs or barOmeters
should I watch"
Answer: Ordinarily a general
rise in commodity prices is the
sign and symbol of currency de-
probation, and eventually this
sign will probably appear agai
Under present conditions, how
ever. commodity markets are
not free to register clearly the
conditions affecting our cur
rency. There has been too much
surplus production. notably of
farm products. too much price
fixing. and too many restraints
on buying or investing.
Even so, ] would watch the
bureau Of labor statistics daily
index Of % basic commodity
prices.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
NOTICE OF REDEMPTION
IHE DETROIT EDISON COMPANY
General snd Refunding Mortgage Gold


Bonds. Series b. ~ r, due February /, 1851.
NOTICE Is HEREBY GIVEN that. pursu-
ant 20 the provisions u the Mortgage and
Deed q Trust OF The Detroit Edison Com
pauy, dated as of October !, 1874. and Of
the iracntare dated Of February !. 1891.
supplemental thereto. 10 Bankers Trust Conn
pany, as Trustee, The Detroit Edison Com
pary mas elected to redeem and pay. and
viii redeem aid pas in lawful money of the
United States Of America. on March I, 1871.
al of rs General and Refunoing Mortgage
Gold Bonds. series d. issued and outstand-
ing Hereunder.
Accordingly. on March !. 1871, there will
become ana be due and payable upon each
bond OF sUcn Series y. upon presentation
with all coupons maturing subsequent n
such date. a. tire principal office 81 the Trus-
tee. bankers Trust Company. Corporate
Trlst Department. rs Wall Street. New
York, \. Y. tho principal amount thereof.
together with accrued interest TO March |.
la4l. and n premium Of s., of the principal
amount Of each such bond. Prom and after
March j. le4f. interest on such bonds will
cease 70 accrue. the coupons for interest ma
t4ring subsequent 20 that date will he void
and such bonds and coupons vii cease to be
entitled 20 the benefit ~ the lien Of said
MORTGAGE and Deed % Trust
In csse registered bonds are presented and
payment 60 other than the registered holder
j. desired. the transfer tax due must be paid
and the bonds must be assigned in blank or
accompanied by properly executed instru.
meuts ~ assignment in blank
TIE DETROIT EDISON COMPANY
by Arthur D. Spencer. Treasurer.
Dated. December %. 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-02-18
Forbes
Depression in
Wall Street TO
Be Temporary
BY B-CE0RRES-

Every time l travel I notice
that people are less given 10 fly
ing to extremes elsewhere than
in New York. The nation S
financial metropolis is almost al
ways either deSpairingly pesSi-
miStic or exuberantly opti-
miStic. lis sentiment is largely
governed by the stock ticker.
Not so in other places. Men
of affairs do follow security
markets keenly. But they give
thought to other developments,
especially commodity pri c c s.
Local industrial developments
also have potent influence.
If all the facts could be
gathered and published. the
number of communities assured
of booms through defense eX-
penditures. often involving con-
struction of new plants. would
create nationwide amazement.
The South seems TO be receiving
a very generous share.
The popular impression has
been created that our banks
have been lending little for bust
ness purposes. The fact is that
business loans made by banks
today stand at the highest figure
on record. The expansion since
war broke out in Europe in Sep
TENDER. 1899, has re h d
S1.130, 100000. From what one
gathers. lending by banks to
small businesses receiving war
orders will multiply impress
ciValV