davidaulloa/AmericanStories huggingface dataset:
The Wilmington morning star., 1941-01-27
Rain, Cloudy, Slightly
Warmer Weather Forecast

Mostly cloudy, slightly warmer,
and probably light rain today for
Wilmington and vicinity were fore
cast last night by local weather
bureau officials.
Weathermen predicted a low of
about As degrees during the night
and early morning. Moderate
northeast and east winds will be-
come east and southeast during the
day. ]
The Wilmington morning star., 1941-01-27
ARRESTED

Carl Jeyner was arrested OH
charges OF larceny of a 1882
model VS. Ford coach, valued at
$50, the property of w. L.
Gore, from its parking place at
Fourth and Harnett streets, po-
lice reported last night.
The Wilmington morning star., 1941-01-27

CHARLIE SCOTT

Charlie Scott, Is, of near Rocky
Point, died in James Walker Me
mortal hospital yesterday after a
short illness.
Funeral services will be held at
the g%raveside this afternoon at 2
o'clock. Interment will be made in
the family cemetery near his home.
He is survived by one brother,
Ellis Scott, of near Rocky Point,
and several neices.
The Wilmington morning star., 1941-01-27
OVERCOAT STOLEN

Bill Lintz, Of 10 Chestnut
street, yesterday reported to pc.
lice someone entered St. An
drew's Presbyterian church dur
ing the morning hour of wor-
ship and took the following arti-
cles: a mans overcoat, hat, and
pair of gloves, valued at SIS.
The Wilmington morning star., 1941-01-27
ARRIVES

Mrs. Maurice Honigman, of
Gastonia, state president of the
North Carolina Federation of
Music clubs, arrived last night
and while here will be the guest
of Mrs. Eric Norden, of ia
North 18th street. Mrs. Norden
has just returned from a meet
ing of the state board of the
organization in Raleigh.
The Wilmington morning star., 1941-01-27
WILL BUILD FACTORY

DETROIT, Jan. 26.-lR-General
Motors corporation, confirming earl
Ter unofficial reports, announced to-
day that it would construct a $751;
600, 900 airplane engine plant at Mel
rose Park, ILL.,, Chicago suburb tc
meet a national defense contract.
The Wilmington morning star., 1941-01-27
BICYCLE STOLEN

Police last night investigated
a report from Paul Field, of ia
North Fourth street, someone
stole his bicycle, valued at $40,
from its parking place at 400
Church street.
The Wilmington morning star., 1941-01-27
DRESS STOLEN

A report from T. B. RADON, of
Ais North Fourth street, that
someone had stolen a ladies
dress, tan color, from his home,
was being investigated last
night by police.
The Wilmington morning star., 1941-01-27
FOR THEFT

f4INIVIIO IIIII I,O1V I1HNA
George Marshall Smith. of
Rocky Mount, was arrested on
charges of larceny and receiv-
ing after he had allegedly taken
a clock, the property of Mrs.
Lille c. Cole, of 10 Church
street, police reported last night.
The Wilmington morning star., 1941-01-27
City Briefs
STAR MEET

A meeting of the Goldenrod
CHAPTER No. 142, Order of the
Eastern Star, will be held at
8:15 o'clock tonight at the Ma
sonic temple. All members and
visiting Eastern Stars ri invit-
ed to attend.
The Wilmington morning star., 1941-01-27
S P T. SEMBOWER

UNIONTOWN, Pa, Jan. 26.-5
Jasper T. Sembower, n, past
supreme commander of the
knights of Malta and a retired
building contractor, died at his
home today. J
The Wilmington morning star., 1941-01-27
WEATHER
CONTINUED From PAGE on.

WASHINGTON, Jan 90
weather bureau records of ter-- p y
s p. m. Nuurs cndins
The Wilmington morning star., 1941-01-27
REP. KENNETH F. SIMPSON

NEW YORK, Jan. 26-R-Death
at the early age of As has cost the
republican party n of its most
unorthodox but effective leaders
Rep. Kenneth F. Simpson, who
The Wilmington morning star., 1941-01-27
ARRESTED

Police last night reported the
arrest of William Robertson, of
1907 Grace street, On a charge
of assauIting Lizzie Mae Rober-
son with serious injuries result
ing.
The Wilmington morning star., 1941-01-27

Elvela mira, the whispering
fungus, makes a sizzling noise, like
whispering noises. l
The Wilmington morning star., 1941-01-27
STICKS TO STORY

NEW YORK, Jan. 26.-R-The
Columbia Broadcasting System, in a
coast-to-coast b~roadcast,s tonight as
serted that, despite official Italian
denials, new cable advices from a
Balkan capital again described seri-
GUS rioting in Milan and other north
ern cities, with Italian soldiers fight
ing by the side of the rebels.
The broadcaster said: while Ital-
ian officials deny the reports of Sc.
rious rioting as a ridiculous in
vention, diplomatic advices from the
Balkans, received in Bern, Switzer,
land, insist that the riots did take
place, with heavy casualties; and
that italian soldiers fought on the
rebel side.
"A number of italian army officers
and several other men, reported to
be dignitaries Of the fascist party
are said to have been arrested by
the italian secret police and the Ger
man gestapo."
The Wilmington morning star., 1941-01-27
OF RIOT
in ITALY DENIED
Continued From Page One)

enemy" planes were shot down to
one Italian bomber.
The Italians said one bombing for
nation raided military detectives
at Salonika, Greece, hitting port
works, gasoline depots, supply ware
houses and the railway station. Vast
fires have been started
Two "enemy" planes were de-
stroyed and one bomber failed to
return, the report said.
(The Greek high command report
ed some damage and few casualties
among the civilian population" in
the Salonika raid.)
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-10-19
New N MHv Wav
lid BUY FURNITURE

dnno room ."J Ire Home is brand new idea,
] espea 1 .oJ rae
5sm0 end eoo BY a1,.fassd and complies
delightful modern yine '"0"'"Y known manufacwers-for
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Faulty Criterion

In the pre-emergency discussion
of governmental spending and debt,
the advocates of a spendthrift pol
icy proposed a faulty criterion.
They debated as to how much the
federal debt could be stretched be-
fore reaching the breaking point.
That should not have been the
yardstick. The real question was
how much government debt and
spending would promote healthy
conditions. and leave an adequate
reserve of credit for emergencies
and contingencies.
Accordingly, unless the mere
ment in government spending. IN
Cidental TO defense. can in subStan-
tial measure be offset by net
increase in national productivity,
the new trend will tend to reduce
the availability of goods and serv-
ices to typical American families.
This. of course. is not to say that
the people will be unwilling to pull
in their belts and make sacrifices
if called upon to do so.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Wasted Sympathy

Attended q dinner the other
night al which l. V WilcoX.
Washington correspondent for the
American Banker and author of
Bankers Be Damned was the
guest speaker
He mentioned that bankers are
responsible n seven agencies
while other industries. such as air
transportation. etc are usually
responsible 10 only one.
He had no comeback when the
local lads reported that several
OF the seven agencies he had
mentioned exercise. lttle or no
authority over banks here. lie
was further informed that the air
plane transportation Industry,
which he had used as d single
agency example. is responsible IN
some degree % f1c Interstate
Commerce Commission. the Civil
Aeronautics Authority. the De
partment Of Commerce. the Wage,
and Hours Law. the National L.
Dor Relations Board. and the RPC
fif PFC funds are invested ia that
firm just 10 mention few ~
The moral. Let guest speaker.
b. sure Of Their facts before they
face an audience Of Detroit blsl-
ness mrn.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Peter FoxBrew.
Lifts Earnings

CHICAGO, Jan. 25.-Peter Fox
Brewing Company reports for the
quarter ended December 81 a net
income of SS9,o38 after charges
and provision for normal federal
income taxes, but before provision
for excess profits tax. equal after
preferred dividend requirements TO
Il cents a share on the common,
against a net income of Sol 1872 or
81 cents common share in The
corresponding period of the pre-
cedipg year and $119,097 or 81
cents a common share in the quar-
ter ended Sept. 80. 1910.
Sales for the siX-month period
ended December 81, last, were ST.
907, 1852, against 81, 1854, 29S in the
like period year earlier.
.fhe-eompatfy- has-caffed all pre-
ferred stock for redemption, fol-
lowing recent approval by stock
holders of an increase in capitali-
cation from the present 10000
common shares TO 100000 shares.
The company recently purchased
the Michigan Brewing Company
of Grand RAPIDS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
OK. Retirement Plan
By N. Y. Mutual Life

NEW YORK. Jan. pa retire
ment plan for field representatives
of the Mutual Life Insurance Com
pany has been approved by the
New York insurance department.
Under this plan. full time repre-
Sentatives writing SIS 600 of new.
full year paid business during a
calendar year Will be eligible TO
make certain specified deposits
with the company during the fol-
lowing year. These deposits will be
increased by company contribu-
tons and the total accumulated
at compound interest Three set
Element options will be available
at the retirement age of SO to IS.
The Detroit agency since Jan
uary has been under the man.
agership Of Richard f. Myer,
succeeding Joseph b. Macken who
has been transferred to Chicago.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
System, With Sons

My system with my own five
sons has worked, not 100 per cent,
but gratifyingly we'll. In addition
to veerlng conversation to the sub
lect on appropriate occasion. in
addition to letting them know
when l receive a dividend or in
terest check, l early offered to
match their slender savings dollar
for dollar, and. when they had
accumulated $40 or more, to in
vest it together with the 100 per
cent bonus) in something which
would bring them income regu-
larly.
They have been encouraged TO
provide a bank or box as re-
ceptacle for all the pennies coming
into their hands. More than one
share of stock has been thus
acquired.
Especially has it been empha-
sized that only those who spend
less than they have are in a posi-
ton to enjoy the profound salts
faction of giving, of aiding others.
Like most worthwhile things in
life. saving and effective promul-
cation of savings. calls for thought,
time. sincere and sustained effort.
Copyright, 1871, by B. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Record Volume
Seen for Zenith

CHICAGO, Jan. 25.-Mainte-
nance of the present rate OF ship
ments of radio receivers and equip
ment by Zenith Radio Corporation.
through the end of this month. will
mean sharp improvement in
earnings for the nine months end
ing January 81. in comparison
with the similar period a year ago.
The company's output for the
first nine months of its fiscal year,
which ends April 80, is expected
TO be the highest in unit volume
for any similar period in the firms
history January sales thus far
have exceeded by a substantial
margin, those of the corresponding
month of last year, and outlook
for business In the final quarter
of the fiscal year appears very
favorable.
In the nine months ended Jan.
81. 1910, the company's income
after all charges but before fed
eral income taxes, amounted 10
S598. $50. Operating profit. before
federal taxes, for the six months
ended Oct. 81. 1910. was l.15S, s72
or almost double the earnings for
THE nine months in the preceding
wear
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
New- Rolling Mills

Fifteen companies are conten1-
plating expenditures of new roll.
ing mills: 20 companies for mod.
ernization= enlargement OF ex-
isting rolling millsy % companies
for new wire drawing facilities;
% companies for new cold finish
ing equipment; 40 companies for
new heat treatment equipment.
Fourteen companies plan to in
stall new blast furnace equipment
and several other companies pro-
pose to build new blast furnaces.
open hearth furnaces for steel and
new coke ovens. Twelve compa-
MES have budgeted expenditures
Tor new electric furnaces TO in
crease the output of unfinished
steel.
The expenditure OF the S2S2,-
100000 is expected 10 gear the in
dustry for increased production
during the defense emergency. al
though some of the new equipment
will not be available until next
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Armour Considers
Pfd. Payment
Reports Progress Toward
Resumption of Rate
on SO Stock

CHICAGO, Jan. 25. Progress
towards resumption of dividends
on the Sc prior preferred stock of
Armour & Co. of Illinois was re-
ported by George A. Eastwood,
president, at the annual stock
holders meeting.
I'VE are striving to operate
the company SO that dividend
payments may be made as soon
as the situation warrants" he
declared. Undoubtedly we are
progressing toward the desired
goal"
Referring to the possibility OF
retiring the Z per cent preferred
stock of Armour of Delaware
Eastwood said:
1--WE all realize that this ! per
cent preferred stock of the
Delaware company is high and
burdenseme cost i'm these days
of low interest rates. Financ-
ing its retirement at a lower
cost will help UNNECESSARILY the
Illinois company's preferred and
common stocks. We are in
tensively studying this particu-
lar problem to arrive at a work.
able plan and ii is my sincere
hope that in the near future 1t
may be possible to take action"
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
ord-Breaking Pace

The steel industry already-is
setting record-breaking pace.
Today the industry is running
about 97,5 per cent capacity.
About 100000 tons of steel will
be produced this month through
out the country-an all-time high.
Production Of steel in the United
States during 1910 reached the
highest level ever recorded. re-
necting in part the influence OF
the war in Europe and the ma
tional defense program.
More than 66.600,000 net tons
Of steel ihgots were produced dur
ing 1870. total fully 8 per cent
above the previous record figure
Of 61.400.000 tons for 1929, and
nearly II per cent greater than
the 1893 output of 80 500 600 tons.
II was in the last half OF the
year that steel production was
really stepped up
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Thompson Prod.
Arrdnges Loan

CLEVELAND, Jan. 25.-Thomp-
son products. Inc, has made ar
rangements for a $4.500.000 25s
per cent bank loan repayable in
10 aaRe}l instruments, according
TO r letteE sent to prior preferred
stockholders asking approval of
the plan.
Bankers Trust Company of New
York and the FIRST National Bank
of Chicago have agreed to each
take 81 100000 of the loan. Ma
tional City Bank of Cleveland is
included at S750,0OO. Cleveland
Trust Company, 100000. and
Unto Bank of Commerce $3.50. 900.
Proceeds of the loan would be
used to refund short term bank
loans which on Oct. 10, 1910.
amounted to So, 100000 and had
an interest rate of IL per cent.
Before the financing may become
effective. consents of a majority
of the outstanding shares of prior
preference stock must be OBJ
tanned
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Dollar d Year?

Does a man have TO be wealthy
to get a key government defense
post?
We, along with a lot of others,
have wondered about that as we
read the increasing list OF dollar
a year" men who have been
drafted by Washington. The other
day we had a chance to find out
the answer.
A friend Of ours was asked TO
come down to Washington, and In
the conversation the question of
wages came up. Our friend pointed
out that he was far from indie
pendenuy wealthy and couldn' I
afford TO work for nothing.
He was asked to set fair fig
ure. which he did. His offer was
accepted.
We were glad to hear about
that. because in the first place
wealth should not be the requisite
when the opportunity comes TO
serve your country However 1t
is obvious that a private employer
couldn't underwTite the salary
while man was on government
work because OF the obligations
created and the implications which
could be drawn.
Fair compensation paid TO men
in this category will pay big divi-
dend TO the taxpayers in the
long run.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Just Plain Gossip

Random thoughts: Wonder
why "Pete" Newberry walked
right by one empty cab, door
opened in front of the PenOb-
scot, the other day Ia board an
other of the same outfit In the
middle of GriswOld street
Ottmar Waldow, controller Of
the National Bank of Detroit, Is
very sensitive about his middle
initial. 1t seems that both We,
and the American Banker used
the initial ~ instead of "a"
when he was promoted recently.
What does the a" stand for.
anyway, OFT -. And Earl
Failor, of the same bank, il
prouder of his new .3S target
pistol than he il OF the hand
some Cadillac his wife won re-
Gently. We figure II is because
he already knows how to drive
a car Clarence Avery.
Murray Corps genial head. lik-
ems humans 10 "A barrel of pO-
tatoes. Shake 'em up and the
big ones will always come 10 the
ton. he saws
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Capital Brings JOBS

1t is estimated that it requires
the investment of $1,000 10 provide
the equipment necessary to set up
the average job today. In the oil
industry it is estimated as high as
$4,000; electricity, $4,000; gas,
$4,000; railroads, $4,000; iron
and steel. $4,000.
Yes. saving is at the very foun-
dalton of our national progress and
prosperity.
How can we encourage our chill
dren to cultivate the intellectually
valuable habit of saving?
Saving. more often than not.
has to be taught. It's advantages
have to be lucidly repeatedly cx-
planned.
Illustrations within the ken of
the young folks have TO be cited.
contrasts drawn between older
folks who are badly off because
they didn't save money when they
had opportunity and other folks
who did save and who are COM
fOrtablV eirctln1Sf anced
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
M(Kendrew Heads
Commodity Exchange

NEW YORK, Jan. 25.-Edward
L. McKendrew, vice president Of
Armand Schmoll, Inc. was elected
president of the Commodity Ex-
change, Inc, by the board of gov
errors. He succeeds Charles
Slaughter.
Floyd Y. Keller was elected
treasurer, while M. r. Katzenberg
Slaughter, NJ. II. Wehncke and
Philip d. Weld were elected wee
presidents. Douglas Walker has
been reelected vice president, rep
resenting the silk group of the
exchange.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Trend of Sales

Steel shares improved, with
Bethlehem and United States Steel
rising fractionaffy.
Standard of California was ac-
tive in the oils. starting with LOO
shares followed soon afterward by
1000 more. Changes in the group
were small, however,
Armour worked higher in active
dealings.
There was some irregularity in
the coppers. with Kennecott back
ward. The motors scored frac-
tional gains.
Louisville and ANia4sh4tiiilllle-I44erea
up to a new high in the rails. Other
carrier shares were steady. Boeing
was in some demand in the avia-
lions.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Banks
Brokers
Business
BY WARD SCHULTZ
Detroit Times Financial Editor

DetroIt 1ltnce lhah'lai Luia"i
Proof that Detroit Is one Of the
hot SPOTS" in the country as re-
CARDS business expansion IS con-
tanned in the 1911 roll call Of the
500 largest banks IN the country
cCmpiled by the American Banker.
With a gain Of more than Sl27,-
100000 IN deposits, the National
Bank of Detroit remained in
eighteenth place. us total was
$3.50 $50 900. as against S46Z 5l3.-
600 a year ago.
The Detroit Bank moved up 10
thirty-sixth place from forty
fourth a year ago with deposits
of 1872. O00. against Sl56 060,-
900 at the end q 1888
\ substantial gain was shown
also by the Manufacturers Ma
Uonal Bank OF Detroit which
stepped from forty-eighth 10 the
fortv-frsf spot Its deposits to-
tailed Sl76.SSS. 600. against $780,
6S1 600.
4 newcomer in the exclusive
first 100 was the Commonwealth
Bank of Detroit in ninety-ninth
position. II Vas one hundred and
seventh a year AGO. Deposits for
that institution were So, 067, 600,
as. compared with S65 $4,000.
No Detroit bank placed in the
second 100 but IN the third group
were both the United Savings
Bank and the Wabeek State Bank
of Detroit. the latter institution
moving into the nations upper
800 for the first time.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Sterling Engine Co.
Adds New Directors

BUFFALO. Jan. 25.-The board
of directors of the Sterling Engine
Company was increased from z to
10 at stockholders meeting held
here. The new members are
Lawrence d. Bell. president of the
Bell Aircraft Corporation; William
j. Corners, president and pub
Usher of the Buffalo Courier-Ex-
press, and Reginald B. Taylor,
Buffalo financier and industrialist.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
65% of Labor Payments

This $4,000, 100000 of govern
ment spending may also be related
to the activities of more than AGO.
900 corporations filing income tax
returns with the bureau of inter-
nal revenue. In the aggregate in
that same year, these companies
disclosed labor payments of $685.
DOC, DOC, DOC. Accordingly, govern
ment spending amounted to 65 per
cent of the labor payments of all
corporations in the United States.
In the same year total retail
sales amounted to $4,000, 100000
and the S1S,000,000,000 of govern
ment spending amounted to 45 per
cent of all retail sales-a highly
significant quantity of economic
activity, showing what an amaz-
ingly big business government has
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Teller Shortage

-G Coast banks are suffering
from a shortage of experienced
tellers because of the expansion
out there in the airplane indus
try which has brought a result
ant increase in banking volume.
At least one western person.
mel man was scouting" Detroit
recently In search OF likely tim
Der.
In telling us about IL. an ex-
ecutiye of Detroit bank re-
called a similar instance some
wears age-FeH Detroit youths
answered the call of the Golden
West and each was assigned to
"A branch i'm a little mining town
OF the edge of the desert.
Within a year, all but one had
returned 20 the Motor City.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
&c a Share Net
ByMonroeAuto

Monroe 'Auto Equipment Com
pany reported for the six months
ended December 81 a net profit
of $S5, 4S3 after depreciation, in
terest, normal federal income
taxes, etc. equal to SO cents
share on the 129.S34 shares out
standing. Comparative figures for
last year are not available.
Current assets. including $50 go
cash and United States govern
ment securities. totaled S5l0,7S7
at Dec. 81. 1910. and current
liabilities were S266. lbs.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Chicago Roads
Financing 0.Kd

CHICAGO. Jan. 25.-Federal
Judge John p. Barnes has author
lied the trustee of Chicago and
Railway to expend
S7.37O.0OO on the purchase of new
equipment and to apply to the
interstate commerce commission
for authority to issue S5.500OOO
of equipment trust certificates.
S. H. Cady, general counsel OF
the road. said he will probably sell
the equipment trust certificates
about February IS. The certifi-
Gates will be dated March l.
New equipment to be purchased
includes 1000 gondolas. 500 box
cars, 200 ore cars. 25 passenger
cars and five 2,000-horsepower
Diesel locomotives.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-01-26
Food Group Largest

OF retail sales. the food group
represents the largest number of
dollars-S9 600, 100000 in. 1871
sum equal to one-half of the gov
eminent spending. 1t has been
computed that the automotive
group. including sales of new cars
and maintenance, amounted to
SIS, 000,000,000. The total of food
and autos at retail constituted a
total less than the years cost OF
government.
These barometric comparisons
are significant in that they show
that before the defense effort gov
eminent was taking from the peo-
pie a very large share of their
years output and were giving in
exchange governmental service.
Accordingly. the reserve economic
strength available during an emer-
gency is less than it otherwise
uailld no