davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
In Other States

Outside of New York there
have been such antitrust cases
as the indictment of 9 oil COM
panies. last August, in Madison,
Wis; indictment of "a tobacco
companies, in Lexington. Ky.
indictment of 81 companies and
68 persons in four federal suits.
Washington D-G--eh charged
with price-fixing; indictment of
ID gypsum corporation officials
on antitrust charges: indictment
of % oil concerns. also in Wash
ington. on a charge of monopoly:
prosecution of General Motors
and its top executives to divorce
the parent company from its
acceptance corporation affiliate.
Then there were six indict-
ments of IL (domestic) COM
panieS charged with interna-
tional conspiracy to control and
monopolize the price and pro-
duetien of nitrogen compounds.
In addition. 43 foreign companies
and 63 foreign individuals were
named as co-conspirators, al
though not indictable here.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Peek's 2-Price System

In order to implement a pro-
gram Of United States leader
ship in the Western Hemisphere,
the statisticians propose an
adaptation 10 industrial exports
IF Icor-fe-.t--fAT;.-ff'rrNis--two-pricc-
system for agriculture. They
estimate that such a plan would
cost about S1000,000,000 over a
20-year period.
industrial dislocation that
would occur" says these statis-
ticians, eli the markets for our
automobiles, machinery and
agricultural equipment were lost
in an added argument for SUBJ
sidiZing exports of finished prod
ucts as well as raw materials.
eve have already subsidized
cotton eXports.)"
OF course, if the motive for
such a policy is political. that is
one thing. But, if economic con-
siderations are dominant, then
there will have to be a re-exami-
nation Of how desirable is for
eign trade. From the business
standpoint. the first considera-
ton is what foreign materials
are needed on the import side.
and the next criterion is how
they can be paid for with ex-
ports, 1t is a mistake to assume
that exports at any price are
highly desirable. If other ma
tons become more nearly self
sustained, then we must explore
the possibility OF expanding in
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Called Soeiaiistie

Butler, Pa. asks:
Doesn't excessive taxation OF
ability-to-pay discriminate in
favor OF the thriftless and
against the thrifty? Doesn't 1t
tend toward socialism: WHY
not adopt gross income tax"
Answer: Taken alone. the
ability-to-pay principle of taxa
ton is bad. AS you suggest. it
tends to make the less efficient
and less thrifty people depend
on the government. At the same
time. il makes the more eff
cient and more thrifty people
support the governments This
is socialistic.
As TO a gross income tax.
there is something to be said
for il as a part of a comprehen-
sive system. Everybody ought
TO pay some minimum tax.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Hold an Ace Card

In a postwar world, it is a
mistake to assume that the hard
boiled nations will necessarily
Always have the initiative. In
our relations with Japan, for cX-
ample, we holu an ace card in
being Japan's major market for
silk. In the event of unfriendli-
ness, we could deal a drastic
counter blow through the undra-
matte act of placing an embargo
on silk imports-A blow which
would seriously disrupt the Nip
ponese1 economy. { With rayon
and Nylon, we could get by. 1t
would be regrettable to have to
make such a move, but il is well,
in exploring the possibilities, to
bear in mind that we retain
that great power.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Forbes
How Defense
Production Can
Be speeded Up
By b. c. FORBES

Washington spokesman daily
exhort industry and all of us to
subordinate everything to speed
ing national defense.
Have they talked to Thurman
w. Arnold. the ultra-energetic
gentleman employed in the De-
partment of Justice. whose spe-
cialty is indicting companies and
individuals for alleged infrac-
tons of antitrust laws?
Whatever merit his ubiquitous
activities may have had under
normal conditions, manifestly it
is not conducive to 100 per cent
accelerating of preparedness if
group after group of key cor
poration executives are SUBJ
jected to criminal indictments.
They may seek to console
themselves with the reflection
that few of those branded by
Mr.. Arnold as criminal conspira-
tors have been found guilty and
sent to prison. But no executives
branded as criminals can pos
sibly function at their best.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Axis Competition

A. w. Zelomek and Robert c.
Shoo,s of the international Sta
tistical Bureau. in their new
book entitled american Bust
ness in a Changing World.
Which retraccS some OF The
ground covered in this writer's
Financial Security in a Chang
ing World" conclude:
in the event of German
victory. IL will be necessary Ia
meet the challenge Of tOtalita-
rian competition in our pre-war
markets. On n private trading
basis We couid hardly make
pretense at holding our own,
our wage rates are too high.
We may be forced, as a part of
our Pan4American and hemi-
sphere defense programs, TO sub
sidize exports TO Latln-American
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Thouoht Needed

Should not Congress. should
not the American public. give
the most serious thought to the
advisability or inadvisability of
overtime issuance o. indictments
of enterprises and executives
wrestling with momentous pre-
paredness activities?
Surely not Thurman Arnold
but higher-up governmental Of
ficiais should determine what
course should be followed in the
national interest m the matter
of drumming up and Splashing
around countless criminal indict-
ments of companies and execu-
tipes upon whom we are fasten-
ing vital preparedness RESPONSE
bilities.
Copyright, 1891. by B. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Auto
Salesman
Laments Auto Show
Cancellations
By II. s. wALEsBY

We were minding our own
business. And then:
One of our four readers sent
the following letter:
Dear Mr.. WaIesby," writes
No. 3.
81 have just read an article by
George Slocum In Automotive
News. that criticizes tho Auto
mobile Manufacturers Associa-
tion for dropping their annual
auto show.
"Mr. SlOcum says that Ger
many, England and France will
be holding their Fall auto ex-
hibits rs usual. About that I
wouldn't know, although tho
point seems q bit far-fetched.
What Is the sense Of showing an
automobile when you can't guar
antee enough gas to drive II on
the exhibit fioor?.
However. let's not cloud the
main issue, because Mr.. Slocum
apparently agrees with your cor
respondent 100 per cent.
THAT the master minds have
felt 1t necessary to cancel an
event that has made the indus
try a sort of public institution
leaves me more bewildered than
anything they've ever done. And
being a retail salesman I have
been plenty bewildered In the
mast
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28


The shape of things to come
will depend on a measurable
degree on the outcome of the
bombing contest overseas. Amer
lean official leadership is COM
mitted to furthering a British
victory. The opposition, as ex-
pressed by Col. Charles A.
Lindbergh, favors a stalemate
ending in a negotiated peace.
Outside of Nazi mercenaries.
there is certainly no real senti-
ment in this country for totali-
tartan victory. However. Two
hard boiled American economic
Statisticians, dealing boldly with
realities and seeking 10 avoid
wiShful thinking. have sought 10
visualize the economic and other
consequences of a victory by the
villains in the tragic drama be-
ing enacted overseas.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
NOTICE OF PRIOR PAYMENT,

The Detroit Edison Company has In
strueted Bankers Trust Company 70 pay on
and after January 2. l94i. the principal OF.
and premium and accrued interest TO March
], 1871 on any of said bonds which are p-xt
scented at the Corporate Trust Departmental
Bankers Trust Company. is Wall StreX
New York City. Bonds presented prior -
February !, 1871. should have the Februsry
], 1871 coupons accompanied by appropriate
Federal income taS ownership certifcstesb
and all subsequently maturing coupons at
tached. Bonds presented after February I,
1871 should have attached all coupons matur.
ing after such date. and the February I,
1871 coupons appertaining to such bonds
should he detached and presented for collec-
tion in the. usual manner.
As convenience 10 the bondhoiders, ar.
engagements have been made by Bankers
Trust Company so that IL said bonds and
coupons are presented at the Principal or
flee Of National Bank Of Detroit, $50 Wood
ward Avenue, Detroit. Michigan. on or after
January 2. 1871. the holder thereof will re-
ceive payment in Detroit upon the terms
above stated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
SeIf-Conscious?

Perhaps at the moment the
automobile industry Is a trifie
self-conscious about its contribu-
fions to national defense. The
difficulties Of changing a peace
geared machine to war-intended
production have been reasoned
soundly enough. however, to fur
nish an explanation.
ut Is no doubt true that the
industry today builds but a
trickle Of armament.
But IL will not be true six
months from now.
What grander chance could
the industry ask TO regain pub
lie esteem than TO display its
automobiles along side of the
truly remarkable accomplish
ments In war materials Ii will
have to offer by next Fall.
Maybe my argument is wide
Of the mark. Maybe the indus
try is getting too darned scared
Of Washington to think or act
Independently
But what I'd like to know n
some one in Washington told the
industry to call of its shows
or whether the step was just y
more Little Caesaring In tn
bOardrooms.
ITO tens of thousands of auto
mobile statesmen like myself the
kickoff Of big auto show means
bread and butter in the pantry
and maybe a bottle Of beer on
Christmas.
Sincerely,
J. b. X"
Npxf'
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Philip Morris Plans
New Preferred Stock

NEW YORK, Jan. rs. Philip
Morris e. Company proposes to
sell new issHe of approximately
SIS, 100000 of cumulative preferred
stock. The new stock is to be
offered shareholders for sub
scription in the ratio of one share
of the new preferred for each six
shares of common stock held. The
company is negotiating with in
vestment bankers, for the purchase
by them Of any unsubscribed
shares.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Opportunity

"If you ask me land of course
nobody did this Is about the
dumbest yet. Here was q golden
opportunity to prove to the
country that even economic roy
alists' are pretty good to have
around, after all.
you know the automobile in-x
dustry has taken quite a beatinY
In the last few years. The menN
who ran IL figured they were
doing constructive Job by
merely minding their own busi-
ness and letting the other guy
alone.
THE government had a differ
ent idea. Bureaucrats started a
few haymakers and before the
industry got up guard IL was
where the punch started from
the floor. The public as a result
got the impression that Simon
Legree was a sissy compared to
our Fords, Sloans, ct al.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
WdyneSGewCo.
Net, Sales Rise

Wayne Screw Products Com
parry for ti1e quarter cTrcirci ff5ee-
cember 81, first quarter of the
present fiscal year, shows a net
profit of S30,569 after deprecia-
ton. interest, normal and excess
profits tax, etc. equal 10 81 cents
a share on 100000 shares Of COM
mon stock.
This compares with a net profit
of S13.397 in the like period last
year, equal 10 13 cents a share.
Net sales for the latest quarter
were 1884. 404, compared with
SIG. SIC a year ago.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Unlimited Sum

Worst of all, there would be
no limit TO the issue of such
currency. You say that these
new schemes estimate all real
estate at S400.000,000.0 That
is practically an unlimited sum.
Even that, however, would auto
matically swell as prices rose.
The higher the prices get. the
more currency issued; but the
more currency issued, the higher
the prices.
Such a scheme would be i'm
possible except in a totalitarian
state, either Fascist or, Comnu-
mist. But there, money makes
no difference. because the citi-
zens have no freedom of choice.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28

Metal Markets

New York and wholesale nonferrous
metal quotations supplied by Federated
Metals Division, Detroit: Spot, 90 per cent
tin. nominal; New York. 50.15: future tin,
so os; lake grade copper delivered Mid.
west IL; electrolytic spot smeiter, 12d
1880; casting copper. not quoted: St Louis
lead. 5:35: ST. Louis zinc, 7s25: New York
anthony, -; virgin aluminium. II.
Tin quiet. Copper. Eastern casting pro-
Queer out Of the market Export copper
10 81 TO 1900; resale. 1880 bid. IL rs
offered. Lead. zinc and sntimony moder-
ate. Free sterling exchange. t4.03k.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Commodity Prices
Relede During Week

ASHIN GTON. Jan. Is
Wholesale commodity prices re
coded last week. according 10 the
price index compiled by the Ma
tional Fertilizer Association which
ueCfHFn TOT trTe ffrSt time tn over
a month. In the week ended JanA-
airy 25Vthe index was 1905. against
1011 in the preceding week, 1902
a month ago and 1904 year ago,
based on the 1858 average as
100.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Price Of Pennsylvania
Crude Oil Advanced

PITTSBURGH. Jan. %. - The
Joseph Seep Purchasing Agency
of the South Penn Oil Company,
announces an advance of Is cents
per barrel in Pennsylvania crude
oil prices. The new prices are
Bradford Allegany, $3.50; South
west Penn Pipe, $l.95; Eureka
Pipe. SlS9.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Ainsworth Declares
25-Cenf Dividend

Ainsworth Manufacturing Com
pany has declared a dividend of %
cents. payable February Ia to
stock of record February 7. The
previous payment was % cents.
December II last, the only 1910
payment,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Detroit Poultry

Market steady. Hens. over 5iz his
lie: under 5ia lbs, 19c; cocks. 10G 12c
rock sprinsers, up 10 So lbs. zoe; stays
iec; leghorn hens, , lbs. and up. i5c
7 lbs. and UP, 2lc: ducks, white, 5 lbs
and up. 16c; geese lac.
EGGS Market, steady Current receipts
1614ci undergrades, 14M I14Nc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28

CHICAGO Jan TINS BUTTER =
Receipts 500 tubs. &C. OF extras ts2
seoref. BOZ standards go scoreJ. cars.
y c. extra f.rsty tei scorel, 2easc. frsts
tss-s9 scorel. 2si 2ec. specials tg3
seHrrf ant 10i+c.
EGGS Receipts. T. 372 cases: steady.
current receipts. i6i-c, fresh extra flrsis
IH4c. checks If4c.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
M. 8. RukevSer:
Economic Consequences
of Axis Victory Visualized
Commentator

Economic Commentator
countries. This would have less
disturbing social consequences
than an attempt to meet such
competition by reducing wage
rates"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Pressed Metals Votes
25Cents on Common

PORT HURON, Jan. Is
Pressed Metals of America has
declared a dividend of Is cents.
payable March l 10 stock of rec
ord February Is. The same
amount was paid in March last
year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Michigan Gas Sales Higher

Michigan Consolidated Gas
Company for the week ended jan
uary 25 sold 1.l59,029 gas units in
the Detroit district. compared
with 1,097 .431 units for the week
ended Jan u 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
EARNINGS

=. II. Kress and Company in the year
ended December 81. shows a net profit OF
IS. 339 1870. equal after dividends on per
cent special preferred stock to S2.Os a
share on the common. against 81, $50 $40
or 81 90 a common share In 1899.
Norfolk and Western Railway preIIn,I-
nary report for the year ended December
81 shows net income OF SOL .3s3 975, equal
after dividend requirements on the 4 per
cent preferred 10 S21. 6s share on the
common. against S30.OOi, 23s or $40 IS a
common share in 1889
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28

The Youngstown sheet and Tube Conn
pany has announced a net profit of Si0,-
SIS. 1891 for 1910. The 1910 report, after
providing Ss25, 900 for preferred stock
dividends, is equal TO $500 on each OF
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Trade Continues
Dull in Stocks;
Prices Uneven
International News Service Wire

NEW YORK, Jan. 2s.vThe
stock market turned irregular to-
day in a continuation of the recent
quiet trading.
One restraining influence was
the desire TO await result of the
United States Steel meeting after
the close when earnings were to
be announced and dividend action
taken.
The steels were firm but
changes were small. United States
Steel and Youngstown gained
slightly. Bethlehem and Republic
were unchanged.
CopperS were inclined to ease,
and there was some irregularity
in the rails. Consolidated Edison
slipped. Motors were quiet.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Toronto Stocks

Quotations supplied nv Bongsrd CO.
Windsor. Prices IN cents. Noon quotations
MINING,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
international News Service Wire

CHICAGO, Jan. 28.-Wheat and
corn opened unchanged TO sc
lower today. Oats were unchanged.
w II E A T-May, S412 @844se;
July 1885 G7S%c; September,
1877
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28

CORN-May, 63c; July and Sep
TENDER. 63l4c.
OATS-May, 36ssc.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-28
Detroit Stocks
l9i0-4l Range
nuaL ri

payabIe In Ivto b-FarS eAtf" '-ENH" " s"cE' uUpu"I
ock mr. account of aeeumu
Evening star., 1941-07-26

From about 1845 onward a genteel
indoor sport of lovely ladies of leiS-
ure began to grow in popularity with
the masses; with the Judy O'Gradys
and the Alices who sat by the fire.
Making the one-time stylish 'parlor
book" turned into 'Scrapbooking."
So popular did the pastime become
that scrapbooks were turned out by
the thousand and the making and
distributing of mementos to paste in
the said books became jor ad-
vertising device of American indus
try and commerce.
Here We show two pages from
scrapbook of the l880s and a num-
Der of individual scraps" of some
consequence and note The hobby
of stamp collecting, perhaps at its
highest peak Of the century right
now, might we'll take tip from the
manner in which the stamps of the
world were publicized in 1882. SINH
/ larry. the makers OF commercial
Christmas cards could we'll stoop to
copying some of the early" cards
that were the last word in sweetness
and nicely when grandma was a girl
The advertisements of American
factories and shops as pasted in
early scrapbooks becomes a distinct
contribution to history when they
show how great institutions of today
were started on tt air way. m. S.
Hershey, Confectioner," had a trade
card years before he founded the
Hershey Chocolate Co TetloWs
were making "sWanSdoWn" face
powder in 1880. and offered lovely
little fans. embelliShed with por-
traits of reigning stage beauties. to
advertise their wares Strawbridge
e. Clothier, John WanaInaker
Roses Umbrellas. Clark's ONT Spool
Cotton, Tiffany & Co, the Cunard
Line, Ayers Sarsaparilla, J. and P
Coats Thread Hundreds of local
stores and manufacturers" distrib-
uted millions of gaily Autographed
pieces for scrapbOok collectors.
And now there is vogue starting
for the collecting of these early
Evening star., 1941-07-26
D. {. Building Advances
48oo Over Last Year

Washington building kept pace
with the advance of the larger part
of the country the first six months
of this year, showing an increase
of 48 per cent over last year. The
valuation of privately owned work in
this area exceeded the publicly
owned by more than S44,000000.
This comparison of local Ind
widespread building was issued yes
terday by H. A. Johns of Dodge Re-
ports, the daily construction news
service.
Contracts for all construction in
the Washington Metropolitan Area
for the first half of this year
amounted to $50, 100000. This in
cluded the 48 per cent pickup over
S54 $4,000 the total at the same
point of last year. A ST per cent
average gain was recorded for the
81 states east of the Rocky Noun
| tainS.
Privately owned contracts for
building in this area amounted TO
S62 24l5,000 for the six months and
accounted for II per cent rise
Evening star., 1941-07-26

contents piece by piece. This takes
patience of high order.
Next they look up all the firms
still in business who once used
scrapbook cards. They offer these
nementos of the early DAYS at from
25 cents to dollar each. And quite
often they make a sale At Albany,
N, Y, there is a man who has col
lected tons of odds and ends, in
cluding scrapbook material. He
makes a business of supplying illus
trative material for articles on the
history of business.
This coming vogue of scrapbook
collecting will cause quite a little
furry in the antique trade. When
there is a demand for something the
supply must be found. So don't be
surprised if you are one day offered
dollar or two, or even 10. for your
old scrapbooks. If you have any OF
the 1840-1860 period it will be a
cross between a scrapbook and a
"remembrancer." Some of the illus
tratiOnS may be worth quite a lot,
especially pages in color from such
books as the Army and Navy Maga-
zine and the Cabinet of Natural
History. Sometimes small original
sketches and drawings are found
pasted in scrapbooks
Scrapbooks assembled in the 1860s
are apt to be full of material dealing
with the War Between the States.
Scrapbooks of the South, with Con-
federate material. are very desirable
The 1870-1880 scrapbooks will be
richest in trade cards, highly COL
ored Autographs and advertising.
Bear in mind what you have read
in this feature before; look for any,
thing with a balloon on it early
views, steamboats,, canal boats and
early railroad pictures.
Old scrapbooks are on their way
back to popularity, over a pathway
now paved only with pennies but
destined TO be paved with dollars
before anothel decade passes.
(Copyrght, 1871, F. W. Schmidt. Incl
Evening star., 1941-07-26

over S35356, 900, the total for the
same period in 1870 This is greater
than the 40 per cent rise noted for
the 37-States' area. June contracts
awarded in the Washington area
were valued at s13603,0O0, an in
crease from S4,860,000, the June,
1910, record.
Private contracts in May also
helped to establish the upsWing
here by calling for work amounting
to Sl0,632,000, compared with So
348,G00 the total in May, 1910.
Publicly owned building contracts
at the half-year mark were valued
at S181l5,000 decrease from
Sl9. $4,000, the siX-months' total in
1910. The larger part of the country
accounted for an 81 per cent aver
age gain in publicly owned building
Publicly owned Washington build
ing contracts awarded in June
amounted to S6,233,000.
Evening star., 1941-07-26

a leak around the metal piece that
holds the stopper. How can this be
fixed?
A. The metal piece can be taken
out by loosening the nut underneath
that holds it. The old cement should
be scraped out, and replaced with
white lead paste, or a kind of putty
that is made for the purpose. You
should be able to get small can of
it at a hardware store.
X x
Note Mr.. Whitman is sorry he can
no longer answer personal letters
He does, however, offer readers leaf
lets on a variety of subjects. To-
days leafet tells how to prevent
heat losses. Be sure to send a 3-cent
stamped, self-addressed envelope
with your leaflet request to Mr.
Whitman. P. o. Box $50, Times
Square Station, New York, N. Y.
Evening star., 1941-07-26
Cusein Paint Lonq Used

Casein paints. produced CONNER
cially on a considerable scale in
this country only in the last two
decades, were among the early dis
coveries of man. In the Middle Ages
it is said to have been the most
common coating for interiors, hav-
ing been used in many famous Eu-
ropean cathedrals. In many of
these cathedrals the original casein-
painted surface is reported in good
condition today.