davidaulloa/AmericanStories huggingface dataset:
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

of the nation. There are various
ways Of producing money incomes
artificially. Printing the money Is
one. But it can also be done by
the government by another process.
The government can do this by
borrowing at the banks.
II would take more space than
I have here to explain why this
Is so. You will have To be con-
tent with the bare statement and
accept IT as true. But you need
not doubt 1t. Look at these fig
ures:
In June. 1884. there were So
700. 600. 900 in circulation. In
June of this year there were So
500. 900. 900 - an increase of So
500, 900, 900. In june. 1884, there
We're s3s. 000. 000. 900 in our banks.
In June, i941, there were SOS 900
900 .o00-an increase of x27. 600
000. 900. So ia seven years money
in circulation increased less than
$4,000, 600, 900, but money in the
banks increased S27, 900. 900. 900.
Most of the increase was created
by the government by making
loans at the banks. Some OF n.
Of course, is due TO the importa-
ton of gold. but the great bulk is
caused by the government borrow
ing at the banks.
This it is which is at the bottom
OF the price rise-the artificial ex-
pansion Of money income. infla-
ton Of money income by govern
ment borrowing at the bank. This
initiation process has increased It's
tempo In the last year.
Here are the key figuresi
Money in circulation. May, 1e4o.
was s7.710. 000. 900. Now 1t i. SO
400, 000, 900. Bank deposit. in
April. 1910. were s59. 000. O00. 600
Now they are SOS ,2i0. 00o. 900. The
government borrowed SIS, 000, 0oo.-
600 last year.
These are the figures which are
at the bottom OF initiation and tn.
rise IN prices. You cannot talk
about the problem Of controlling
1t until you get this principl.
fixed clearly in your mind.
NENTi Purchasing Powes 70
Curtailed Production.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
Maccabees Picnic
Will Be August 10

All Tacoma All be invited 70
attend the 10th annual picnic Of
the Msccabee lodge scheduled for
Sunday. Aug 10. at GiendaWn
park. Five Nile lake. according %
Robert Goldberg. assistant state
manager and local secretary Of the
Afaccaoees.
From Seattle. Tacoma. Olympia.
chehahs and Centralia and Puget
Sound points picnic fans flock 70
the Msccabee picnic. Roy Devlsn
vii Dc n charge as general chair
nan. Max shain will have charge
Of sports.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
Initiation Stalks Hand-in-Hand
With Current Upswing in Prices
Government
Loans From
Banks Held
Responsible
First Of 8 Articles
ny JOHN T. FLYNN
BYloHk T. FLYNN

NEW YORK
the country-is getting a little
hot on the subject of prices
but not hot enough, apparent
". High prices and initiation
the war twinsl These are be-
Ing talked about second only
to the subject of war itself.
Why?
There is a bureau in Washing
ton called oPACs tOffice of Price
Administration and Civilian Sup
ply). 1t is headed by Leon Hem
derson-New Dealer. former econ
omist of the Democratic national
committee and later member of
the SEC. He is supposed to hold
prices down. But they show plenty
of signs of getting out Of hand.
Hence he scared a lot Of people
recently by saying the honey
moon of the boom Is over" II is
pretty nearly. But not quite.
Has Henderson the power in
law to control prices? The answer
is-no, by long odds. to the extent
necessary. Congress is about TO
debate the question of giving him
that power. Whit power should
1t give him? And If he gets the
power, what can he do to control
the situation? And. remember. all
mixed up with this Is the ques-
ton of initiation. Is that around
the corner7 Can it be stopped?
1t is a complete waste of time
To seek the answer to these ques-
tions unless we understand what
IL the force which is producing
the problem. The immediate wor
~ is rising prices. The force be-
hind that is initiation. Initiation
produces high prices. And war
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
Seattle Firm Wins
War Dept. Contract

WASHINGTON - The war de-
psrtment Friday authorized ap-
proximately $1,000, 900 worth of
motor repair shops and other con
struction at eight military posts.
Two motor repair shops, an oil
house, a grease rack and a wash
rack were authorized for Camp
Callan and Camp Roberts. Calf,
and Fort Lewis, Wash.
Western Construction Co, Sc
Attic, vas given a contract for
construction of warehouses and
utilities, Seattle quartermaster
cepots, on a bid of Si,525,450.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
HOW MONEY o
Is

WHAT is initiation? II is. very
W simply. the artificial expan-
sion of money income IN the ma
ton. What Is money income and
how is it expanded a~rtificially?
First of all. there are two kinds
of income-real or natural income
and money income. The real in
come of the nation is the sum total
of all the goods and services
which it produces in a year-all
the food grown and ~processed, all
the clothes, luxuries, etc.
The money income il the sum
total of money that flows into the
pockets of the people. Think about
it for a moment. What is your in
come? II Is your salary, your
wages, your profits. your interest
in money that pours into your
pockets weekly through the year.
Where does 1t come FROM II
comes from a factory, a store. an
office, a railroad, a utility COM
pany where you work. Who pays
1t to YOU The man or the cor
poration that owns the business.
Every other mans income Is the
same. In other words. the money
income of the nation is the sum
total of all the payments that are
made by business concerns to their
employees. their investors. their
owners. So you see that money
income is produced naturally and
normally in the course of produce
ing goods and services. And IL is
that money income which is avail
able to buy what tho nation pro-
duces.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
Communist Porty
Changes Its Slogan
NEW YORK - The Communist

NEW YORK - The Communist
party changed Its slogan today.
For a year and a half the rally
ing cry has been. The Yanks are
not coming"
Today. with Russia in the war.
the Daily Worker published a new
motto: The Yanks are not coming
too late
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
Seattle Lawyer 10 Aid
Fisheries Department

OLYMPIA - Attorney General
Smith Troy Friday had appointed
Steve Morrisey Of Seattle a. spe-
eial assistant attorney general 10
supervise legal affairs Of the de-
psrtment Of fisheries.
The Seattle sportsman VIII be
employed on a part-time basis,
Troy said. Coordination Of legal
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02
GOVERNMENT BORROWED
AT THE BANKS

NOV then. how is this income
~ artificially expanded? Well,
suppose the government should
decide to start the printing press
and print money and spend It.
All that 1t printed would be pro-
duced wholly unconnected with
thu process Of making goods. But
1t would swell the money income
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

five modern stores serving al da
lnieis - the city The locations
and store managers are - follows
IL No : IT Wayne Fuller 18th
ard 50 Tacoma y Kerry snEK
asos So Tacoma NaY Ray Dug
gan I1as - X u. Arnold Arm
strong. and Crystal Palace market.
joe Nanneha
All the stores have heen espe.
eialiy decorated for the anniseFs
sars event and all serve refresh
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

msnts n p~atFuns 81 Saturday.
Store managers n ths group
include several Nho have hxsn silh
NJ Franklin for years Two II
them. asszfs y A H~Insmaa ard
ffeffy HusK. Nrfe associated nth
him n Texas where he operated
= group ~ stafes previous - eams
inE - TarnuA. Alss associated
Nlth FRANKLIN here IL George
FFankllH. jf he am AF Helne.
man - the office manager.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

As your new cor piles up ~miIeoss. your high
compression engine increases In compression.
Even inside the first 10000 miles. tests show.
mi, increase cor cause knocking and snsins
sIussishnsss And this con happen TO any cor
on the market fodoy.
The cause OF this Is carbon-which cakes inside
today's compact combustion chambers. reducing
their size still further. You can't avoid such car
bon deposits completely. no matter what kind Of
gasoline or oil you use.
Shell scientists have developed q special type
Of gasoline - Shell Premium thof will auto
~moteolly compensate for these corbon-ersotsd
higher and higher compositions
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

This super motor fuel will produce maximum
knock free power in the highest eompfessions your
engine can develop. Because Shell Premium il .
special blend Of eiean-bufning gasoline fractions
- patented, scientifically prepared anti-knock
compound . and powerful aikylate (similar to
that used in 100 -octane aviation fuels).
Whsshss your cor IL new Or old, Shell Premium
will give you greater power when you want Il t..
new handling case in traffic . cooler running. And
TO top all this. excellent mileage.
Shell Premium costs n more than regular" But
if you drive the average amount, Shell Premium
will cost you only about 81 a month extra. We
recommend Shell Premium for the extra miles Of
new-ear performance II can give you.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

Owned and operated exclusively
ny George 6. Franklin. n Frank
celebrating Their tenth annixrr-
ssfy this week. Starting with n
store IN the Crystal Palace Public
market al nth and Market u.
Aug. /. 1881. Franklin now has
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

programs Of the fisheries depart.
menf and the game department
viii be his special province.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

initiation produces still higher
prices. i
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1941-08-02

NEXT Purchasing Powev W.
Curtailed Production.
The Waterbury Democrat., 1941-10-22
LOCAL MUSICIANS. PROGRAM
Miles "A Martin, Organist, Joseph DiVito, Violinist
 Recital Enjoyed

Miles IA Martin, organist, and Joseph DiVito, violinist, were heard last night at St. Johns church in a joint recital which was largely attended. This recital was present. ed under the auspices of the Mat tatuck Musical Art society. Both musicians are outstanding artists in this city, MT. Martin, an organist and composer of distinction, and MT. Di Vito well known among musical circles.
 The program presented was an especially impressive one, closing with a very distinguished work, the hitherto unperformed Canonlcal Suite. written by MT. Martin. In this composition are presented var iouS canonical forms, the maths, lauds, sexts, vespers. complines, and others that constitute the canonical hours, as depicted in MT. Martins composition in a Prelude, Choral. Prelude and Fugetta, Pastoral and Toccata.
 Also on last nights program were Cesar Francks Grande Piece Sym phonique played by MT. Martin, and MT. Di Vito's violin offerings, two movements from Bach's B Minor Sonata which was for violin alone, then two more Bach works with organ.
 The entire program was one Of notable artistic value and was thor oughly enjoyed and appreciated by those present last night at St. Johns church.
The Waterbury Democrat., 1941-10-22

during hearings proceeding the passage of the lease.lend bill, Will kie had perpetrated the greatest betrayal of the American people" when he acknowledged that a speech of his had been "a bit of cam paign oratory".'
 Expressing skepticisIn over the torpedoing of the U. s. s. Kearny, Wye revealed that after Roosevelt had announced that the Greer had been fired at without provocation, 1t was learned that the destroyer had been in pursuit of 6 submarine for three hours, directed by signals from c British bomber flying over- head. During the chase number of bombs were dropped from the plane, and the submarine, unaware of the source of the bombs since 1t was submerged, fired ailnleSsly.
 Continuing in vein of protest against British propaganda, Nye ex- pressed rldicule over allegations that he had allowed George Syl- vester Viereck, currently indicted for neglecting to disclose material facts in his registration as repre- sentative of a foreign government, to use his franking privilege. The speaker stated that he had met Viereck only upon one occasion, but that Viereck is a paid agent of the German government, although doubt has been expressed in governmental circles as to whether sufficient eW- dence exists to secure his conviction.
 Nye emphasized that he, person. ally, would prefer to see Q peace without victory, but that If either side were to be victorious, he would rather that England won. For Hit- Ter, Nye said, he has no sympathy, and for HitleriSm he has an abhor- renee; not so much, however, that 1t makes him lose sight Of "the things I love the most.
 The speaker brought his address to an end with statement that If half the amount now being spent on defense were to be expended in "actual defense, this nation would have nothing to fear from foreign
The Waterbury Democrat., 1941-10-22
GRANGE TO HOLD
 SHOW AND DANCE
'Pappy' Howard to Feature Building Fund Benefit
 November s
PROSPECT Correspondent: Eileen Byrnss, Telephone 5.0aA7

Prospect, oct. 22--Plans and pre-. parations are underway for a Pappy Howard Show and Dance, November 8 for the benefit of the Grange Building fund. Lloyd Perry is chair man, assisted by Carl Garfield in charge of tickets. An entertaining show will be given by Pappy Towards Troupe and round and square dancing will be held. Tickets may be obtained from any Grange member.
 The bowling team Of st. Anthony's Church will bowl tonight at the Grand alleys in Waterbury.
 Members of the Prospect Grange will attend 6 supper in Mlddlebury. Town Hall tonight at 6:30. The Grange is celebrating the golden jubilee Of ElceSior Pomona. A meeting and entertainment will follow the supper.
 The Red Cross group at Prospect will not hold their weekly sewing session tomorrow. Many members will attend the Red Cross conven- ton at that time ct the Hotel Bond in Hartford. Sewing and knit ting supplies may be had for volun. teer workers, if they phone Mrs. Charles Calvin or Mrs. Lloyd Peary.
The Waterbury Democrat., 1941-10-22

aggression, whether Of one or 6 combination of powers.
 Another speaker, Miss JeanI1ette Rankin of Montana, only surviving member of Congress to vote against American participation in the war of generation ago, expressed con- fidence that America will not be- come involved in the present con. flict. She pointed out that 1t Is no longer possible to resolve inter- national problems by means of vio- lence, and the method for prevent ing war is to rid ourselves of the habit of war. z
 At the opening of the rally, held under the auspices of the Water bury Chapter of the American First Committee, Rev. Joseph Donnelly, assistant pastor of St. Thomas pronounced the invocation. John Festa, president of the local anti war committee, in troduced Father Donnelly.
 Acting as chairman. and intro- ducing the speakers, was Edward J. Ryan of Thomaston. Joseph Lezotte conducted the singing of patriotic selections, and was ae- companied on the organ by Eu- gene Oviatt.
The Waterbury Democrat., 1941-10-22
ELEVEN OFFICES
 STAGE EXHIBITS
State Vocational Group in Annual Fall Meeting at
 StOrrs Saturday

Members of the Massachusetts and Rhode Island sections of the Amer ican vocational Association have been invited as special guests of the Connecticut organizations annual fall meeting october 25 at the Uni versity of Connecticut at Storrs . Frank R. Deming, chairman of the AVA program committee, announced today.
 The annual business meeting ot the Connecticut section will be held at 10 o'clock in the Armory and will be followed by a speaking program from il to l2:30 o'clock. Speakers will be followed by speaking pro- gram from II to 12:30 o'clock. Speakers will be Mrs. Chase Going Woodhouse, secretary of state, pr. Alonzo G. Grace, commissioner of education, and Dr. Albert N. Jor- gensen, president of the University of Connecticut.
 Following a luncheon in the uni versity cafeteria, there will be an afternoon program devoted to eX- hibits and demonstrations.
 E. P. Chester, state supervisor of the Connecticut division of re- mobilization, will be in charge Of an exhibit Illustrating Connecti- cuts physically disabled on the job, The following eleven state depart ments and institutions are con tributing to this exhibit:
 State Department of Education, State Department of Health. State Department of Education for the Blind, State Tuberculosis Comnis- sion, Connecticut Workmen's Com pensation Commission Manufac- turers' Association of Connecticut, Connecticut Society for Crippled Children, Hartford League for the Blind of Hearing and American School for the Deaf.
 Ray L. Hahn, state supervisor of the division of agricultural educa- ton, will direct a program entitled, Air Raid Precautions for Connec- ticut Farmers" Program will in- clude a lecture and pictures.
 Miss Mary E. Blodgett, state Su- pervisors of the division of educa- ton in homemaking, will sponsor lecturers by Miss Wilma Keys, Miss Constance Nasty and Miss Nell Gard, who will speak on clothing, and Mrs. Marion Evans Dakin and Miss Elizabeth c. Nickerson, who will speak on foods.
 Herman s. Hall. state supervisor of the division of trade and indus trial education, will be in charge of demonstrations in the engineering building. The program will include demonstrations on tensile testing machine and high voltage equip ment. There will be also tours of the department conducted by faculty members of the university
The Waterbury Democrat., 1941-10-22

The final Republican rally will be held the night before election at PAP Baldwin street in the center of a normally Democratic stronghold.
The Waterbury Democrat., 1941-10-22

operating m Cnay ulrecGlon.
 The audience repeatedly voiced approval as the North Dakotan as- sailed the administration's for- eign policy, and included former Re- publican presidential candidate wendell Willkie in a bitter iIdict- ment of governmental tactics. Will kie, the speaker declared, is direc- tor in a British insurance company that writes maritime insurance, a director in an American corporation which maintains a virtual Inonop- oly over transatlantic shipping, and a director in the New York Shipping Company, which according to the speaker, owns large government contracts.
 WendelI's Change
 The senator ironically commented that this could not have been re- sponsihle for "Wendells" change from stand against participation in the European war, to a policy of intervention. He added that he, Nye, had more respect for RooSe- welt as Democrat, than for Will- kie as a Republican; and stated that
The Waterbury Democrat., 1941-10-22
City Election
 Campaign Notes

The Carpatho Russian American Political club has voted an endorse ment of Mayor Vincent A. Scully and the Democratic ticket. Presi- dent Anthony Homick and Secretary Harry Kobrin head Q committee arranging for cars and workers for election day.
 Endorsement of the ticket was voted at a meeting Saturday. The club plans several rallies.
 Among Republican candidates at ten6ing the America First meeting last night were Constable Nicholas Jamele, seeking reelection; Albert PelOsi, candidate for constable; Pe- ter DeCicco, candidate for the board of aldermen; and Walter ISmethurst, candidate for select man.
 A final checkup to make sure that absentee ballot applications have been sent to all local members of the armed forces was urged by Democratic Town Chairman Maurice F. Tangney at meeting of the town committee last night at cam pagn headquarters, 190 Grand street.
 The next town committee meeting will be held Tuesday.
 Democrats, Republicans and Inde- pendent Democrats will Do repre- sented by candidates at a testi- mOnial dinner being held tonight at Sullivan's Inn Cotton Hollow, Nau- gatuck, for Private James Sheehan of the fire department. MT. Sheehan who resigned as superintendent of garbage collection to accept appoint ment to the fire department, was married recently. He Is president of the Tribune A. c.
The Waterbury Democrat., 1941-10-22
HELPING FAMILY

Roger Clark. who v.es with Fred MacMurray for Marlene Dietrich's favors in Columbia's ''The Lady Is Willing," moved this week mad took a Beverly Hills house owned by his parents, thereby keeping the rent In the family.
The Waterbury Democrat., 1941-10-22
FEWER NEW YORK GRAPES

Ithaca, N. Y.- (UP) - The New York state grape crop is estimated at 56,s00 tons, a reduction of 25 per cent from the 1940 harvest. State grown potatoes. peaches and pears are also expected to be sub-norn1al this year
The Waterbury Democrat., 1941-10-22
TAKES cARE

"Slapsie" Maxie Rosenbloom, who had no end of trouble with the big words he had to learn for Colum- bias Harvard. Here I Come" isn't going to be caught short on vocabu- lnFy in tho future. He's purchased a 2,o0o -paee dictionary.
The Waterbury Democrat., 1941-10-22
WOMAN, 90, TEACHES DANCING

Boston - (UP) - Mrs. Lilla .Viles Wynan. 90, believes she must be America's oldest active dancing teacher. After 55 years of terpsi- chorean tutoring, she retains lively interest in her profession.
The Waterbury Democrat., 1941-10-22

A Democratic workers meeting will be held tonight at o'clock, at ForeSterS' Hall.
The Waterbury Democrat., 1941-10-22

The Waterville Girls Club will meet tomorrow evening at 8 o'clock with Mrs. Benjamin Bradley, on Chester avenue. All members plan ming to attend are kindly requested to notify the hostess.
The Waterbury Democrat., 1941-10-22
SMILE INDICATED

Someone at Columbia discovered that the first name of Tex Ritter, Western star of North of the Rock. ies," Is Woodward, but Tex "goeS for his gun" when the fact is mentioned.
The Waterbury Democrat., 1941-10-22
WilLkie Betrayed Amercdn People
 Charges U.S. Senator Gerald F. Nye
Republican Candidate President Linked With Zig Interest," FavCng Entry Distinguished Speaker in Rally Here
 Assais Propaganda in America - Includes Duke of
 Windsor Among Agents.

Tn an address before capacity audi ence Buckingham Hall last night United States Senator Gerald Wye denounced the introduction of propaganda both of German and British origin into this country and
 linked the names of Lord Beaverbrook Lord Halifax Sir Ronald Campbell and the Duke of Windsor with agencies
Evening star., 1941-06-05
Miss johnson
Engaged to Marry
MIR. Smithline

1t. Col. and Mrs. Alfred B.
johnson announce the engage
ment of their daughter, Miss
Barbara Basler Johnson, to Mr..
Lawrence Smithline, son of Mr..
and Mrs. H. N. Smithhne Of New
York.
Miss johnson attended Puma
hou School in Honolulu, Miss
Boards School in Orange, N. j.,
and was graduated from the
Girls Latin School of Chicago.
She has been doing special work
at Visitation Convent Junior Col
lege here in Georgetown. She is
a member of the Junior League.
Mr.. Smithline is a graduate Of
the engineering school of New
York University. where he re-
ceived his masters degree in
aeronautical engineering. He is
connected with an aircraft cor
poration at Port Washington,
Long Island.
They will be married June %
at st. Patrick's Chapel, with a
wedding breakfast following at
Chevy Chase Club.
Evening star., 1941-06-05
Legislators Wife
To Help With Sales
At Yugoslav Bazaar

Mrs. Charles S. Dewey, wife Of
the new Representative from
Chicago, will be among those in
charge tomorrow morning Of the
Yugoslav bazaar being held this
week in the British War Relief
headquarters at 1423-25 r street.
Serving with her will be Mrs. D.
Buchanan Merryman. Mrs. Sam
uel Crocker, Mrs. James Trimble,
and Mrs. Edward B. Meigs.
Through the afternoon tomor-
row Mrs. James Lawrence Hough-
telling. Mrs. Melvin Hall, Mrs. c.
J. Holdredge and Miss Carolyn
Nash will be on duty.
Saturday, the closing day of
the sale, Countess Lasocka and
Mrs. M. B. Warburg will pre-
side over the sales in the morn
ing and through the afternoon
Mrs. Eugene Villaret, Mrs. r.
B. Macatee, Mrs. McCeney Wer-
Itch and Mrs. Orlicz Dresser will
be in charge.
The bazaar is under the aus
pices Of the American Friends
Of Yugoslavia and the ladies of
the Legations circle. Mrs. Albert
P. Niblack is chairman of per-
sonnel for the event.