davidaulloa/AmericanStories huggingface dataset:
Evening star., 1941-09-26

LINCOLN-ZEPHYR 1888 de luxe 4-door
sedan; black finish. white sideWall tires,
excellent rubber, very low mileage: this car
is in the best of condition and guaranteed: !:
high allowance on your present car, as long
as 1S months on balance: 1868. LOGAN
MOTOR CO., 18th and M SITS. NV. RE.
2oh1 Omen until 10 d M
Evening star., 1941-09-26

FORD 1898 de luxe coupe; in excellent con-
dition. ready to co. strictly busnesSmans
this one Ask for Mr. Coates. HILL & TIB-
BITS. l114 Vermont ave. NV. MA. 1890.
Evening star., 1941-09-26

FORD 1910 de luxe Tudor sedan; bargain,
terms; private owner. MA. 3l2O, Ext. 263.
After z pm, Hobart 30 Haven 80
Evening star., 1941-09-26

CHEVROLET 1886 de luxe trunk sedan;
in good condition, good tires: $3.50 cash.
o21 Hamilton st. NV. Call after . M
Evening star., 1941-09-26
AUTOMOBILES FOR SALE.

BUICK Century 1896 black 5-pass. sedan
one owner. good running cond.. Firestone
champion tires; S215 GE 93Sl
Evening star., 1941-09-26

HUDSON $40 coupe, super Ii: 1000 mi.
private ownership: radio heater, overdrive;
S5S5 Pc o1g5 Nicolas
Evening star., 1941-09-26

CHEVROLET 80 2-door; today. tomorrow.
your old car as full down payment; bring
your title: SfS20 monthly. Parkway,
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
OId-Timers Present

Among the interesting per
sonafities was Roger Andrews 4
former publisher Of The Detroit
Times. who now publishes several
upstate papers including the
Mackinsc Island News and a Me
nominee sheet. Fred Post Of Sault
Ste Marie and Phil Hanna OF the
Chicago Journal Of Commerce
were two of the old-timers present
The United States Saving Bank s
two Bills. President William
Slocum and V. p. Griswold were
on hand. too. Others from Detroit
included: Detroit Banks Kenneth
Burns: Detroit Trusts Mcpherson
Browning. Noble Travis Equt-
sble's o. y. Marcks, Ralph Lane
Industrial Nationals Eugen
Lewis. and National Bank Ebert
Burns. Hal Lemon. National s
President {. T. Fisher Jr. arrived
in tine for the windup. From the
Manufacturers were HanOd New
land. George TAFT, Charles Kanter
and II. II. Sanger and there we're
lots OF others we've missed.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Metal Markets

NEW YORK. June 2s.--wiih the end n
June at hand, no word has come from M
Metal Reserce Company 20 copper con
sumers regarding their estimated require
ments for July.
There is a report in circulation in th'
trade and many believe II has some
basis" that instead Of requesting consum
rrs 20 specify their stocks and the probabi'
needs for July. the Metal Reserve Company
VIII compe! consumers to 80 to Washlngtor
with their requests
quarters note that the usual monthly actor
nv the Washington authorities has beer
held up TOO long. They are AZ loss u
explain however, why the trade and h'
sellers have not been notified II there u u
be change in the method OF getting h'
N such change 4. made It Is likely
that there will he considerable CONFUSION
for a time at least until the consumers be
come accustomed 10 the new order ol
things
Meanwhile principal primary producer'
continue 10 allocate so-called free coppei
neciicut Valley. Custom smelters are stu
doing business a. the suggested price OF
i2i4 cents per pound
Export copper continues IN fair demand
with the large selling interests quoting u
cents per pound fA.s. New fork
Lead buyers and sellers are hoping fol
early action to bring the metal into h'
United states from Mexico. Demand ha'
been IN excess OF lHf lnAaht dtiu ~ 10
pointed out that q supply from Mexie'
would ease the situation TO some extent a.
least
oui,s n few lead consumers are runnins
short OF supplies and have been contendini
that unless they can get some Tonnage
their manufacturing activities Will have u
be ourtailed. Quotations are unchsnged -
l5s5 10 500 cents per pound New York
and s 20 cents st. Louis
Principal primary sellers ~ rine continue
to allocate the available supplies at ~
cents per pound East St Louis.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Held Most Deplorable

Every intelligent citizen knows
that nothing could be more de-
plorable than fragrant initiation.
Every intelligent citizen, there
fore. is in sympathy with enforce.
ment of sensible legal curbs or
prices.
But every intelligent citizen re-
volts against any individual die
tating all prices. without having
been granted any such czarlike alb
solutism by the peoples repre-
sentatives, Congress.
All the more fantastic is this
american situation. since the
two predominatingly determining
factors in production costs. wages
and commodity prices. have moi
only been exempted from Tho
slightest regulation. but have beer
boosted by the powers that-be al
Washington.
Congress should Immediately
intervene.
1t should prescribe, definitely de-
fine, democratically limit the AL.
thority it adjudGes wise 10 hanc
over 10 any price controller
Business and industry today arc
all at sea. which is not conducive
to maximum defense accomplish
mentS.
Copyright, 1851. by g Forhs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Closer Collaboration

One of the most important fac
tors in molding the present favor
able attitude of MeXicans toward
the United States. De Villafranca
believes, is the work which has
been done by the present secre-
tary of state, Ezequiel Padilla, in
collaboration with our own sec
rotary Cordell Hull. Padilla, who
has long been sympathetic with
United States aims and policies,
has been a de- in establishing
c loser collaboration with this
country because of widespread re-
actions among MeXicans 10 the
present critical world situation.
A continuing program by the
Mexican government TO solve the
problems of labor in that country
is meeting with unqualified sue
cess and will favorably affect
American business with Mexico in
many ways, he stated Solution
of the internal labor disturbances
of past years paVes the way for
increased influx of capital from
this country 10 Mexico and as
sures an increase in imports from
the United States to satisfy the
growing d @ m and for consumer
goods by the laboring classes, he
stated
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Attracts Wide Attention

Burnham's thesis is attracting
widespread attention. This IS not
solely due 10 the merit OF the
book. but to the fact that IT
Synchronizes with the mood OF
many puzzled and chaotic minds
in this rapidly changing world.
Likewise, in 1882, at the nadir of
the depression, books on technoc-
racy were the rage, and the only
significant fact is that such dis
clksion was symptomatlc OF pass
ing abnormal popular psychology.
With the Towering of the
American industrial system, there
has of course been division be-
tween the function of ownership
and that of management. Man
agement is the art of directing
men and machines, and OF creating
products which will appeal TO po-
tential buyers. e.
AT present. the balanced nature
of business organization serves as
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29

CHASER. cashier of the Gaylord
State Savings Bank is the new
treasurer, while Fred Post OF the
State Savings Bank of Ionia was
appointed member of the execu-
tive council for three-year
period.
The convention concluded with
the annual banquet at which w.
"A. Mcdonnell of the Commercial
National Bank of Arkansas was
guest speaker His subject was,
I"Can the American System or
Banking Survive -
In the early sessions-of the finalI
day Phil Hanna. editor and pub
fisher of the Chicago Journal OF
Commerce. and Col Harold A.
lFurlong. administrator, Michigan
National Defense Council. Lam
sing. addressed the members.
Although Senator Prentiss NJ.
Brown was scheduled 10 speak on
pending federal legislation" he
was unable 10 attend because or
the funeral for Senator Pat Har-
Irson in Washington. Mark Brown
lof the Harris Trust Company OF
Chicago substituted.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
.Sperry TO Erect
.P| LIANT in n. Y.

NEW YORK. June 2s.-Sperry
Gyroscope Company has com
pleted plans for erection of a new
plant of 1,350.000 square feet tc
be located in North Hampstead, l.
l. 1t is expected ground will be
broken within a week, and manu-
featuring operations are schedule e
to begin early in 1912.
To be known as the LakeVillc
plant. it VIII he built under ar
arrangement with the Defense
Plant Corporation of REC. The
plant will he the property Of the
DPC and will be leased by Sperry
Approximately 1000 will be EN-
ployed in the plant. The new
facilities will not replace any oi
the company's existing facilities.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29


Interviewed at Detroit last week
on the occasion of his trip 10
Norge headquarters, Ntiiaffanea
drew from an intimate background
of first hand acquaintance with
Mexican business and political
conditions and close relation
ship with a leading American in
dustrial and export organization
Significant Of the growing ac-
ceptance in Mexico of goods manu-
featured in this country, he pointed
out, was the recent award TO
Norge of contracts for refrlger-
ators and ranges 10 furnish the
new l52-unit apartment house in
Mexico City, La Latino Americana.
To be the finest multiple-dwelling
in Latin-America, La Latino Amer
icana has naturally drawn bids
from Mexican import representa-
tiYeS OF many countries.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Guy Ropp Tops Golfers

Detroit 5 Guy Ropp, vice presi-
dent of the Industrial National
Bank. walked away with top hon
ors in the golf tournament with a
sparkling 70 for low gross. Dan
Lawler, of the First National, Of
Chicago, was second with an so
With seven ties for low net, G..
w. O'Neil. of the GeneSee County
Savings, of Flint, Won the draw
while F. f. Van Alystine. presi-
dent of the MYandotte Savings.
outdrew four others for second.
The boys that carried away the
prizes in the kickers were:
Rudolph Reichert, Ann Arbor Saw
ings: p. L. Wiffett, Central Han
over, New York; John Fritz Ann
Arbor Trust; r. Benge. The De-
troit Bank; F. King, Continental,
Chicago. c. Oliver johnson, Manu-
facturers National Bank of De-
troit: Charles Peterson Of The
Northern Trust; T. Allen Smith
Commonwealth Bank. Detroit, and
Y. p. Sherwood Jr., Grand Haven
State Bank.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Harris in Demand

Ernest c. Harris, gentleman
farmer and president OF the Union
Guardian Trust. who incidentally
bought a lame horse. was much in
demand after an early exhibition
of ballroom dancing. He proudly
asserts that this is one Of his
more recent accomplishments
Charles Hewitt, vice president of
The Detroit Bank, was very reti-
cent about his 120 score and
when pinned down fastened 10 eX-
plain il was his first time on a
golf course this year.
Few of those who attended will
forget the versatile Adrian Aus
tin McGonagle, also Of the same
bank. who acted as host in that
institutions headquarters. His
"Stingers" were the talk of the
convention.
Spent considerable time viii
Charles Awkerman. registered
from Morenci, but nevertheless z
Detroiter and head of Parker VOL
VERNE. You'll recall he was or
the housing commission. He's still
just as strong for steel construc
tion as ever and has most re
freshing attitude toward labor.
The Wabeek's John Daley
former city controller, who still
has a nose for politics, contendeC
that Awkerrnan is future mayor
atty timber. and after talkini
with him for a while, we thinl
that Daley's really got an idei
there. Detroit can always us
men OF his caliber.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
.Rukeyser Derides
New Managerial Order
Rule by the Elite in Government and
Business Called a Nightmare
nv MERRYLE STANLEY RUKEYsER

PARAPHRASING Shakespeare
one NAV ask James Burnham
New York professor and author oi
THE Managerial Revolution,
whether confiScation of property
by any other name, would smell
as sweet.
Helping 10 explain the current
mood of pessimism at the flnancia!
market place, where traders iah
TO reflect in security prices the
great upSwing in industrial activ-
ity during the armament boom
Burnham argues that capitalism
is Welding 10 new order run by
managers. The new system which
he envisages, he indicates, is not
a labor government, is not social
ism, but is a rule by the elite
the managers and administrators
in government and business.
Owners. he predicts, are a reced-
ing class, and apparently owner
ship in Burnhams little Utopia
is 10 he vested in the state.
If the implications OF Burn
hams vagaries are to be accepted
as the next economic gospel, then
we are headed for a type of totali-
tarianism, in which domestic Hit
lers, Stains. etc. will be Chafac-
terized as new style managers in
the large. Apparently, according
10 this theory, appropriation Is to
take place through subtle shifting
in the definition Of key words.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29

kets. Cotton tumbled more thar
81 a bale and wheat lost almost !
cents a bushel before support was
met. '"~~
Many leaders were slow ir
opening. Bethlehem, United States
Steel, United Aircraft and Pennsyi
vania made their initial appear
ances near the end of the first
hour.
Steels generally were a shade
lower, along with chemicals. oils
and most coppers. Utilities, avia
tons, rubbers and electrical equip
ments were mixed.
General Motors gained a frac
ton. Loft moved TO a new high
in active dealings.
The bond market was quiet anc
mixed, with few changes of note
in either the foreign or domestic
sections.
The curb market was a listleS'
affair with minor gains and losses
about offsetting each other.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Banks
Brokers
Business
BY WARD SCHULTZ
Detroit Times Financial Editor

MACKINAC ISLAND. June IS
There is one thing about holdini
a convention on Mackinac Islan'
in July-you'll always get a 500,
turnout
Running true 10 form. the De
troit aggregation AT the fifty-hfti
annual convention Of the Michigan
Bankers Association was the larg
est attending an ont Of towr
meeting wears And with ihC
mercury soaring in the home town
according 10 reports, the ranks
were swelled with each incoming
boat.
Although there has been a move
10 make MaCkinac the permanent
MIA convention headquarters, Jo-
seph NJ. Dodge, president Of The
Detroit Bank, tells us that outState
bankers were 50 enthuSed about
the one at Detroit two years ago
thar we may get II again in a.
The expected fireworks over the
snti-branch banking bill had failed
10 materialiZe as The convention
drew 10 a close and we honestly
think that every one was just a
little hlt relieved
The SaddeSt part Of tho affair
was that Samuel r. Park Of Caro-,
MBA president, was unable 10 at.
tend because of illness. That's the
second time that has happened IN
So years. The other time. many
wears back. the presidents wife
had smallpox and he was quaran-
tined.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Kroger Net Up;
Vote Dividend

CINCINNATI, June 27.-Kroger
Grocery and Baking Company and
subsidiaries report for the "a
weeks ended June IA, net profit
of S2,475,6 58 after federal incoDe
and excess profits taxes, equal,
after preferred dividend require
ments. 10 Sl.35 a share on ], S33.6S9
shares of common stock. This
compares with 1882 720, or $l.27
a share on 1S29,6S9 common
shares for the "a weeks ended
June Is, 1910
The company has declared a
regular quarterly dividend OF 5o
cents on common stock payable
September 2 10 stock OF record
August 8.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29

IA check on overbearing conduct
by the managerial aristocracy.
There is at present a threefold
check.
One comes from the ownership
of corporate enterprises who Judge
the efficiency of management by
the box score as revealed in the
income account and the balance
sheet. Under this system, there is
an opportunity 10 discharge inef-
ficient managers.
A second restraining factor is
the victor power of customers. who
determine the success or failure
of any enterprise by buying the
proffered products or through
Withholding orders.
Under our present system, gov
eminent, which has the power to
regulate and tax industry, is in
position to avert arbitrary and
Oppressive action.
There would be less in the way
of social safeguards against man
ageriai abuse in the wave of the
future" which Burnham described.
Apparently the title of ownership
TO tools and other resources OF
production would reside in the
state, and managers and admins
traitors would achieve more or less
absolute and unchecked power
through manipulating control
through political means. Thus
thiS'new ruling class would be free
of regulation of an independent
state. and would be free of super
vision by any private ownership
interest. Moreover, if the DEGREES
of state were substituted for lndl-
vidual choices concerning products
and services in a free market, then
the ultimate residual economic
power would be seized from the
public where il now resides.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29

fairly. EXCEPTIONALLY. unpatriotic-
|ally.
When il defended its action by
submitting data proving that both
wages and materials had advanced
since its previous price list was
named. more than enough to war
rant its step. Mr.. Henderson held
up the corporation TO public scorn
instead of attempting 10 submit
facts calculated TO justify his i'm
perious ukase.
How does Mr.. HenderSon's be
haviour square with the solemnly-
avowed assurances by Washington
that the rights of individuals and
property rights will be thoroughly
safeguarded. that nothing savoring
of totalitarianism will be at
tempted here, that the nation will
continue TO function under a demo-
cratic form of government. not q
government by bureaucrats I'M
authorized by our federal legisla-
ture and utterly without RESPONSE.
bility 40 render an accounting
A. -.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Utility on Coast
.P| dns RefundinQ

SAN FRANCISCO. June 2S.-
Pacific Gas and Electric Company
has filed with the SEC a regis
tration statement covering Sl0,-
10000 issue of SIS par 5 per cent
first preferred stock, comprising
400, 900 shares. Proceeds will be
used toward redeeming S20,OO9,-
900 issue of first and refundine
series B bonds. due Dec 81, 194l
No underwriters are involved ir
the proposed financing.
The utility plans TO sell 100000
shares of the stock directly TO the
public, reserving the remaining
$4,000 shares for employees. Prices
at which the preferred will be
sold will be furnished by amend
ment TO the SEC statement.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Cunningham Votes
Dividends on ; Issues

Cunningham Drug Stores. Inc.
declared a Semiannual dividend of
So on the s per cent Class "a
preference stock. payable July l,
TO stock of record, June Is, and
quarterly dividends of 81 50 on the
Is per cent Class "B' preferred and
rs cents on the common, both pay
able July 81 to stock of record,
July 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Paw Draftee Bonus

Awkerman's firm was the first
so far as we know, 10 pay bonus
to draftees. He even made II
retroactive and with a single eN-
ception got a swell letter Of ap-
probation from each of the boys
in the camps.
Jack Daley yecalled the time he
got two seats in the National
Banks box al the ball park from
Walter Truettner. Daley was con.
troller at the time.
Truettner brought out a select
group Of bankers only 10 find thai
Daley had given his seats 10 tive
garbage collectors who had done
some work for Reading.
Mr.. Daley's off the pass list.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
I|TT Makes Purchases
of lis Debentures

NEW YORK. June 2S.-The
International Telephone and Tele-
graph Corporation has continued
to make open market purchases OF
its outstanding debentures. Up TO
June Is it had acquired S3,289, 600
of its Az per cent debentures and
SIS O76. 900 Of its 5 per cent deben-
lures. The combined figure repre-
sents an increase Of nearly $500,
600 in bonds acquired since the end
OF May.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
.Spi(er 9 Months
Profit S2,279,516

TOLEDO. O.. June 2s.-Spicer
Manufacturing Corporation and its
subsidiaries report for the nine
months ended May 81 n net profit
of 81 ,279,5l6. after normal federal
income and excess profits. taxes.
For the corresponding nine months
of 1910 the company reported a
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Balanced Economy

Thus, it seems 10 me that man
agerial revolution Is a nightmare.
rather than a beautiful social
dream.
Perhaps through the simple act
of keeping our national economy
in balance and through avoidance
of permanent prodigious govern
mental spending, we can avoid
these fuzzy concepts and restore
vitality TO the. American way
which has produced the. highest
popular living standards that the
world has ever known.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
New OE Director

SCHENECTADY. June IS -
Charles y. Dickey has been elected
a director Of General Electric
Company. Dickey. who is vice
president and director Of j. r.
Morgan & Co, who resigned Bar
tow has served as a director Of
General Electric since October,
1884.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29

=
in the first six
months of 1871,
is destined 10
continue and 10
bring increased
benefits 10 both
countries in the
next few years,
in he opinion
OF Leila n d de
Nllafranca. the
Mexican repre-
for
Norge division,
Borg . Warner
CORPORATION and
for Borg War
ner Intern a.
Uonal Corpora
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
r. Hoe Co. Asks Prior
Preferred Tenders

NEW YORK. June 2S.-R. Hoe
e Co, Inc, is inviting tenders for
sale 10 the company Of shares OF
its 6i2 per cent prior preferred
stock al the lowest prices obtain
able. not 10 exceed S55 fiat pei
share. Tenders will he received w
TO noon July %. The company
proposes TO expend approximately
100000 for the purpose.
A letter 10 stockholders outlin
ing the plan will be released
shortly.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Livestock Markets
CHICAGO

rplpts $500. market aeady. followers.
.GUH, tor $40 go bulk. $40 50 a 10 s.:
heaviss $40 4nu 10 SO. mediums $40. 50 %
10 90 lights. SO 80 10 go. light ilxhts,
$40 % n 10 IS. packing sows, 80 80 q i0i
plgs Saui0
CATTLE Receipts. 100: market steAdyi
calves, receipts 100 steady, beef steers.
choice. ST. y rs. medium. sQll: year.
Iunga. S. 25M13 Butcher cattle. hetfers.
81 500 Il 80. cows. 81 aOua bulls. 81 500
"a, calves. STA 50: feeders. ss1i2.
lStockers steers. Ss 2 50. cows and hslf-
lFrE STA 10
SHEEP Receipts. ? 100 market stsadyI
lambs. SiI 5ONl2 common. 50 So1 IL 81: :
YeariinEs s. 50497 rs. ewes 50 50u47 rs;
feeders, 81 10.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
Stock Leaders
Hold in Mixed,
Narrow Trend
International New. Service wir.

NEW YORK, June 2S.-The
stock market turned in a typical
Saturday performance today, with
leaders holding in a mixed and
narrow trend throughout the abb
breviated session. Minus signs
slightly outnumbered plus at the
close.
A bread in commodities on the
fixing of price ceilings for cotton
seed oil featured the days mar
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-06-29
EAST BUFFALO

FAST BUFFALO y. Y. June "a -
iNS HOGS Receipts leo. good and
choice. iS0-230 lbs. quoted steady TO
Sll 50, undertone weak compared TO week
ago, most weights 80 II soc higher
CATTLE Receipts. 50. Dryfed steers
and yeariings strong TO 25c higher Early
in week all classes and grades closing
dull weak 10 POO lower good steers and
yeariinEs. $40 73Hli -. heshy grasssrs
and short feds 81 50ui0 SO cutlery kinds
downward Oh s. 10. Canadian steers. $40
70 II. nn-rar ishfs, cater and common
COWS S. COO -. Gamer s. ~ u q 80 I.
weighiy sausage bulls. s. .l0ds 50.
CALVES Receipts none Nealers 81
n Eher during week Good and choice, ti2
10 mainly ti2 - a. close common and
medium. Sgmtf
SHEEP Receipts, 500 medium ~ rood
Kentucky sprincers. mostly bucks. sissdy !:
week Spring lambs. PIC lower good TOT
choice $3.50 lbs Si2 late sales. ti2 so
down fat ewes 50 50nh