davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Dangerous TO Seek Trading Profits

idea trading profits for that dangerous
which few succeed The idea is not 10 seek
through appreciation Of stock That
The idea hold oNnto keep
stocks which will just enough TO offset the decline
in the purchasing power of the dollar.
If assume that private enterprise is TO survive in this
nation is a into the
equities enterprises addition doing bit in the
buying bonds should be for
capital for yield 1t should be done for the
merely preserving maintaining the value of what
have.
Apparently people coming realize that If
allowed and higher dvi
dend they enough the assets back of them
American corporations
the should look This is his chief hope for the post
period
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Pare Nonemerqeney Costs Of Government

The point clarified by contemporary experience Nowadays
theft damage
only indemnity loss terms Of money But the
dollar settlements these prores and raonng and
industries frequently
presently replacement products
other nterdced mechanical
goods The will of good faith
obligation reimburse the insured dollars
I accordance with
beyond the control of the insurance
only
Money legally the acquisition Of
which have been frozen by fiat.
This temporary and abnormal circumstance II seems to
brings dramatic emphasis contention that long
security be provided merely by passing law
assuring benecares pension stipulated number of
dollars related health productivity Of the national
economy future period the claims settled
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Hayes Ind. 9-Month
Profit S681,995

Hayes Industries. Inc, reports
for the nine months ended April 30,
subject to audit and year-end adj
juStment, shows a net profit Of
S6Sl -9a5 after depreciation, inter-
est, etc, and 1883, 700 provision
for estimated federal income and
excise profits taxes. This is equal
to sos a share on $4,000 shares
of common stock.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Vital Concern to IS 900 600 U. S. Families

In face of the colossal financial war requirements government
national and local should accordance with the formula
Joint expenditures,
caly non-emergency Likewise de-
consideration the
urgency putting the payas-y ou-go basis
is feasible.
This entails objective search for of tax revenue
including federal And addition widely dfused
taxes insofar feasible
through sale stamps bonds to the general
reliance nfationary
fnan he hectin
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Edison Output
Moves Higher

Total consumption Of Detroit
Edison Company power for the
week ended July IL was so 1852 900
kilowatt hours. gain of 40 per
cent over tina 1889, 900 kilowatt
hours of the corresponding week
of 1911 and an increase OF IA per
cent over the previous weeks II
of 1873, 900 kilowatt hours. ~
Industrial use last week totaled
~, 100000 kilowatt hours. gain
of 78 per cent over the 39.779, 600
kilowatt hours of the correspond
ing week last year and gain OF
10.1 per cent over the previous
weeks total of 80, 937 600 kilowatt
hours.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
EARNINGS

MathIcson AIksH Works, Inc. for the
quarter ended June 80 reports net profit
OF x2ii23 after depreciation. depletion,
federal taxes Of $3.50, 900, etc. The above
net is equal after dividend requirements on
the Der cent preferred stock TO 20 cents
share on s2s,17 shares Of common stock.
This compares with net profit for the june
quarter Of ie4i OF S5a3. $50. equal 70 80
cents a common share when federal taxes
we're s27o 600 and with net profit for the
quarter ended March 81. 1912. ~ $3.50 shl
equal N n cents shsre, after federal
tax provision Of t3fs 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Beef, Veal Ceiling
Prices Postponed

WASHINGTON, July 15.-The
ceiling prices on beef and veal
products will not take effect for
non-slaughtering sellers until July
20, OPA said. Postponement from
July - was granted because these
sellers will generally be distribut-
ing beef during the July 1920 week
al prices paid during the preceding
week under the old ceiling.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
SAGINAW Markets

SAGINAW IS UPj To-day pay
ing prices % growers for beans
Pea brant s. 30 light rel Kidneys 81
oark red kicnrls 81: CRC yellow eyes
So CHC night CranDerfles, So CRC DARK
rranherries IS SO
Wheat AZ % - g. %. oats a. 1sfc. rye
~ So. sx-fowed barley a. % So
huckeheat 81 - o.. corn. $50 Soc s0y
beans, fl-5ir1 t3
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Business Loans
Down Is Millions

NEW YORK July Is - CONNER
cial. industrial and agricultural
loans oil member Reserve Banks in
lOl leading cities showed a net
decline ot $4,000 900 in the week
ended july S. tothhng S6.456.OO0,.
600
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Oil Output Shows
Upturn During Week

NEW YORK, July 15.-Domes-
tic crude oil production in the
week ended July IL is estimated by
the Oil and Gas Journal at 3,673,-
so barrels daily. an increase Of
354.445 daily over the preceding
week. l.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
On the
Business
front \
BY WARD SCHULTZ
Detroit Itn1es FinARciai Editor

HOW MUCH can an executive OF
a firm legitimately spend on epter-
tainmcnt. etc. when his firm IS
virtually 100 per cent on defense
work.
That's The thing that has Girls
void Street agog
The question came upshe other
day when IL was disclosed that the
president Of a well known COM
pauy here had an expense account
in 1871 Of S57. go. Of which S45. S07
was charged 10 this company and
the balance 10 another firm he
represents.
In addition. he had a S25,6o0
salary
II was pointed out that in pre-
ViouS wears when his company
served the auto industry. enter
tainment probably brought con-
siderable benefit 10 the company
However. in 1911 the company was
almost entirely on war work and II
is doubtful" that 81 900 week in
entertainment was necessary.
Incidentally, the firms opcrat-
ing profits for'that year amounted
10 less than a third of that eN-
penSe account.
II cost that firm nearly 10
CENTS A SHARE for his enter
tainment bill,
Little wonder that stockholders
want TO organize.
THE BOYS in the brokerage
business are really having tough
sleding these days.
When YOU stop 10 think that
they'd like nothing better than TO
GO back 10 the depression days OF
1856. YOU begin TO realize just
how tough things are now.
Three members of the Detroit
Stock Exchange resigned in the
last few days and the Elk. bought
back the memberships for 81.
Back in 1929, a broker-I think il
was Max Schlotman - bought a
membership for S55 900.
At least three members have de-
tense jobs after the regular hours
and one has a substation where he
handles the morning paper.
And you think you got troubles!
u. &. RUBBER securities have
staged a marvellous comeback in
recent weeks.
The preferred, selling around 81.
was down 10 81 at one time and
the common rebounded from 13&
10 10.
This despite the fact that esti-
mates of sales indicate a decline
of as much as 10 per cent and
earnings are expected TO be about
half of the S207 a share earned on
the common in the first six months
OF last year.
Earnings arc expected 10 be
charged with 81. SOC, 900 for planta-
tion losses but this will not be
determined until the year-end
This would mean the second half
would have the benefit of consider
dDte ldh SdNlIE.
p. c. SCHRAM. receiver for the
old First National Bank. will re-
lease his regular quarterly report
in a day or So
Inside dope is that he will again
show substantial progress in his
liquidation. The real estate market
4 n - \ 4
likely that he will top the So, 150,-
900 paid on his loan at the Manu-
facturers National Bank in the
previous three-month period.
II this turns out 10 be true, the
unpaid balance will be down to
around the s2.000,000 mark and
the loan will probably be entirely
hquidated within another month or
two. II was originally $4,000 600
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
MARKETS
M. S. Rukeyser
Position of Dollars
I'm Wartime Clarified

Tho economic pathology wartime provides laboratory
which reveals the workings Of the American system
for producing and exchanging goods
Economic security, il should be borne mind springs not
political promises security legislation but from the
capacity keep the national healthy and productive
The dollar of inherent in public laws and
contracts validated productivity the
when such claims presented for settlement.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Assures indemnify Against Loss in Dollars

This aught with deep social and political implications
Nowadays the longtem meaning of the dollar terms Of
purchasing small.
o bondhoderS is of vital
65000000 life poicyholde upwards OF
participants old arrangements under the
Social Security 450000 savings depostor and to holders
OF savings bonds and other dollar obligations.
desrabliy drastic Imitation through
behavior class matter but
thing of vital 35000O00 American families.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15


ss co issued
losss
.s fo,ss ..ssS n lieu
sg sl5s issued Rs in lieu !sS M ss ss
1886 issued lieu S617/Se22; Greg 13O37 issued in
500
OF H Ioa in "o iG IoI $500 ,Rr
Oiit issued lieu ls SReg oi!5 issued lieu 45 tRes
llsss issued lieu so,; (Rss 1899 lieu ms
$50 SS ' e iSfs "sp IS asS Res
lieu 5S Reg 1929 issued lieu @ Greg ds issued
p S37 issued n Lieu ia,ss $500
''''
@
s5s/57ss-s7ss57sl- iossiosel1a7
in lieu lieu fs laisi issued
ss tRss 1s .ss Hen
ic5sioss reg i2os12e7; Greg las.s
ssS u ds% in leu reg 1885 issued
1s's; lieu sf sis '5Rss PISS s asf
Rss i a issue lieu H. lieu f is Issued r in :s
1880 2l55 issued III lieu lssns,5 49,
issin9S5J CReg issued lieu 2lsH2ss; Greg 1889
600 Public Reflnding Series
.os7 uT -.ssstsis
SIS
/SS33-SS53/SS51-
/9207-9215/ 9217-9219/934f
55/9607-963 /9622962S/ 9674-9775/997i
10177-1O179 101SO-101S2I -10513H0614-
10-10721 /10725-1O731/ 1OS29-
lieu 3571/35S437b/431s-
/i95151 /5l6i6339/ 63S-667l/
/9774; (aeg 1858 issued in lieu
/4255S70/ 5SS4-5937 1896 627S62S2-6294
s33O /6s32-6653 6654-67O 6S61-6s6s/6S72
72O77216-s250 105l2
1O73O) 1o3s7 issued in lieu 4113HlS:
issued in lieu 426462s6-644l/642); Greg 1865
lieu 6s626s67) Greg 10924 issued in lieu 7o3SI7O5n
Greg 1883 issued In lieu
S2O9); issued in lieu 9975/l002D; tReg 1889 issued
1885 issued in lieu 106l5DCs39); Greg
lO64O1O66I; Greg 1853 issued in lieu
1O665-l0670).
Public Refundng
inclusive: 2393/2394
Refundng Series
'OO Numbers inclusive: 1s|S7ns-i2 26-iSOi299 Greg
1906 issued in lieu 120/123-126/129).
$500
The holders of said bonds hereby notified that the same
ad redemption dates herein specified current ofca
hcago City Detroit the City Treasurers Office City
for payment the above redemption dates shall
dates. go.
CT
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Market Rises Despite Bad War News

1t would be quite reasonable TO expect now CD first slight
hesitation 2) further go then period
of intermediate reaction which might the industrial aver
back to around 104-l05
market has broken definitely through
100 the done good volume and breadth OF
front This has been despite bad
1t that the and profits system will
vail. hedging initiation order. Meaning
higher prices.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Dividends

Norwalk Tire and Rubber Com
pany has declared a dividend Of
S7ia cents on the Z per cent Gu
mulative $50 par preferred, cover
ing the quarter ending Sept 30,
1912. and 438, cents on accumu-
lations on the issue. both payable
October ! TO holders of record
September n. Similar amounts
were paid July and May II.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Dirtnnhone Corporation bias DO

clared a dividend of y cents on
the common. payable September ]
20 holders OF record August IA
Previous payments this year were
* cents June ! and 80 cents
March 8.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Notice Of Redemption
City of Detroit, Michigan Rounding Bonds

following
o
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
i. s., State Taxes
To Reach Third
Of Total Income
That's Prediction
OF House Committee;
New Bill Criticized
BY ARTHUR T.. HERMANN
Init News Service staff Correspondent

ASHING TON, July Is
Making public its report on the
new war revenue measure the
House ways and means commit
tee declared today that the total
federal and state tax bill of the
American people will rise to a
new peak of S32 .000, 100000 a year
almost one-third of the pres
fent national income.
The measure, calling for S6,144,-
100000 in annual revenues. will,
according to the report, produce
only S4026, 100000 from 1912 in
comes. because some of the taxes
cannot be imposed for the full
year. Corporation and individual
Income taxes, however. will be
deducted as of Jan. /. 1912.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15

Since Pearl Harbor, the report
pointed out, the federal govern
ment has appropriated more than
$50. 000,000000 for war purposes,
while the entire defense program
since 1912 now exceeds 100000,
900
THE funds niece ssary to
finance this tremendous pro-
gram can be secured only In two
ways-by taxation and by bor-
rowing" the report stated. "At
best. our national credit will he
subjected TO a severe strain. To
the extent that our tax revenues
are increased, the strain will be
lessened."
The tax bill will be brought up
for debate in the House tomorrow
. probably under gag rule
prohibiting any changes, but a
final House vote on the bill is not
expected until next Monday.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Purpose
Amount Called
for Redemption

4115.000 Public Sewer Refundng Series A
Numbers inclusive: lI7l-lSl/l
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15

according TO the report, produce
only S4.026, 100000 from 1912 in
comes. because some of the taxes
cannot be imposed for the full
year. Corporation and individual
Income taxes, however. will be
deducted as of Jan. /. 1912.
CRITICIZES MEASURE
The report declared that care
had been exercised in every in
stance not to place an unbearable
burden Upon any tax payer. In
this respect the additional burdens
Iof the increased rates in existing
taxes and of new taxes have been
carefully examined.
Differing with this view, Repre-
sentative Knutson (R) of Mime
sofa. member Of the committee
ANNOUNCED that he had voted
against approving the bill because
in his opinion. normal and surtaX
rates for corporations were so high
as to Sign the death warrant of
thousands and thousands of small
corporations who are injure d
rather than aided by the war"
Foreseeing widespread unem-
ployment as a result of these ex-
IceSSive taxes, totaling as per cent
of normal income, Knutson de-
cleared:
'It is our duty to write the
best sort of tax bill possible.
and this we have failed to do"
DEFENDS SMALL FIRMS
II have no concern for the
small number Of big companies
that are waxing fat from war
! contracts" he asserted in a
minority report, but I have
tremendous conce for the
thousands and h o u n d $ Of
small companies scattered over
the length and breadth Of the
land that give employment to
millions of people and sustain
our American economy"
KnutSon argued that contrary
to popular belief. the corporations
of America are today carrying
their full share of the tax load
Citing the huge war expendi-
lures being made by the federal
government, the committee report
stated that. even with the addi-
tional taxes. the deficit for the
fiscal year 1913 would approx
mate s52,000,000 and might rise
above this figure should war ex-
penditures go above present esu-
mates.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15

Mills Corporation has
declared a dividend OF IS cents on
the common. payable August 20
holders Of record July "a Same
amount was paid May !.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15

Home Insurance Company has
declared an extra dividend Of 20
cents and the regular Semi-annual
dividend Of so cents, both payable
August 10 holders OF record July
). Similar extra was paid Febru-
airy =.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Procter 6 Gamble Company bias

declared the regular quarterly dlvl-
dcnd Of 80 cents on~the common,
payable August IS 20 holders Of
record July =.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15

George 4. HORNED & Co has de-
clared a dividend of 50 cents on the
common. payable August j.. 10
holders Of record July = Same
amount was paid in the preceding
quarters
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-07-15
Bcst & Go. has declared di,i-

dend OF 40 cents on the common,
payable August IS 10 holders Of
record July p. Same amount was
paid May Is
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-30
=: SOCIETY =:
LOCAL SCOUTS LOSE
ANOTHER SCOUTER

The Boy Scouts of America,
Key West District have announced
the loss of another Scouter from
Key West Scouting. Scoutmaster
Ernest H. Cohen of Troop SO has
moved to another city.
Mr.. Cohen has been the leader
of Troop SO ever since its organ
ization in November, 1910. This
was one of the first troops de-
veloped among the colored section
of the city. MIR. Cohen'S work
was outstanding and it indeed
helped the community as q whole
The Assistant ScoutmaSter will
act as Scoutmaster till a successor
is appointed.
This is the third SCouter loss to
the local movement this year. NJ
E. Berkowitz, District Chairman
and Frank Miles. Assistant Scout
master of Troop 81 were both lost
recently by their moving to diff
ferent towns. Scouting is now at
a crisis in Key West due to the loss
of leaders.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-30
CITY COUNCIL

Continued from Page Onel
Woman's Club adopted as its
1929 slogan. Key West-A
Cleaner City"
Among those in attendance at
the meeting. all of whom ex-
pressed themselves as being in
hearty accord with the movement
TO bring about an improved con-
dition in handling garbage and
trash and otherwise improving
the sanitation of the city. were:
Lieut.. Morrow. USN; Ensign
Dan Harrison; Lieut.. S. E.
Shields. US. Army: DR.. J. B.
Parramore. Monroe County Health
Department. Glenn c. Price. presi-
dent. Chamber of Commerce:
Frank H. Ladd. member Board
of Public Works; B. Curry Mo-
reno. city engineer. and Carl
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-30
HOW TO SAVE TIRES
AND YOUR MARRIAGE
(By Associated Press)

MURFREESBORO, Tenn, Oct.
30.-Marriages and automobile
tires, opines T. G. Bond, both must
be managed carefully to make
them last.
The 87-year-old storekeeper
speaks with authority. His mar
riage has lasted nearly sixty-eight
years and his 1913 M-MOdel is still
serviceable with its 18-year-old
tires.
"I've been over some rocky
Aroads, but l never drove over
eighteen miles an hour" he said.
He had his own method of pre-
serving tires. When he had to
buy a refining he washed the tire
inside and out. Then he painted
the inside and that of the lining
with glue to form a stronger wall
of protection for the tube. The car
is in the garage now for the dura-
ton. No sense in wasting four
good tires, he says.
Success of his marriage? That's
simple: Keep out of bad habits
and stay home with your wife.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-30
SAN CARLOS
ROLL OF HONOR

Honor Roll of students at the
San Carlos School for the first
six weeks period of the new
semester follows:
9th Grade-Rosa Watson, Dora
Spencer, Aleida Spencer, Rosa
Alfonso.
5th Grade-Blanca Leon, Alba
Rodriguez.
4th Grade-Gloria Watson,
Robert ValdeS.
3rd Grade-Sylvia Hernandez.
Jose Rodriguez.
End Grade-Otilia ValdeS, Orn-
aldo Lopez.
1st Grade-Diego Torres.
The Perfect Attendance record
of pupils follows:
Orquidea de Armas, Carload
de Armas, Mario Rodriguez.
Diego Torres, Ornaldo Lopez.
Martin Leon, Charles Ingraham,
Norberto PonS, Rene Rodriguez,
Gloria Watson, Eloisa Chavez,
Alicia Alfonso, Sylvia Hernandez.
Elena Castillo, Alba Rodriguez.
Banca Leon, Rosa Watson and
Aleida Spencer.
Miss Benildes Remond is prin-
cipal of the school.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-30
EXPLAINS COFFEE
RATIONINC HERE
LETTER IS RECEIVED BY
LOCAL AGENT COVER
ING MATTER

Coffee rationing as it will af-
feet Key West, and the United
States generally is explained in a
letter received here by Sam B.
Pinder, local agent of ]. Aaron &
Co, New York City. It is sug-
gested that users acquaint them
selves with the provisions of the
law which are outlined in the fol-
lowing letter which is official and
comes out of Washington:
'Washington-Coffee rationing
will begin at midnight November
%, allowing one pound each five
weeks for every person who was
Is years old or over last May, Of
flee of Price Administrator an
nounces.
Coffee rations will be obtained
by using coupons out of sugar
ration books. First coffee ration
will be obtained on the last
coupon in the sugar book and
succeeding rations will be on
coupons taken in sequence from
the end of the book toward the
center. Sugar ration books whose
holders are shown on the front of
the book to have been under ID
years old last May when the books
were issued will not be acceptable
for coffee rations.
mo provision for rationlng
commercial consumers of coffee
was announced. O.. P. A. an
nounced its plans for rationing
household consumers because it
feared news of its plan would leak
anyway through forthcoming con-
versations with coffee diStribu-
tionS.
Retail sales of coffee will be
prohibited from midnight Novem-
Der 81 to midnight November %,
in order to permit retailers to
stock their shelves in preparation
for rationing. o. P. A. Chief Hen
derson asked consumers not to
rush their grocers in advance OF
rationing in an attempt to hoard
coffee"
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-30
ADOPTION FOLLOWS
IDENTITY OF SAILOR

That this is small world was
proved once again this past week
by an interesting incident at the
Jackson Square USO. Mrs. B. l..
Higgs, one of the volunteer seam
stresses, was approached by per-
picked young sailor with the sad
plight of jumper too big and
pants too long. While adjusting
the unifrorn, Mrs. Higgs noticed
the name Springs" stenciled on
the jumper and Immediately ask
ed the boy if he was from South
Carolina by any chance. He
stated that he was, and further
conversation revealed that he was
nephew of James Pearl Springs,
who had been stationed here at
the Naval Air Station during the
first World War. The senior Mr..
Springs was one of several
adopted sons" extended hos
pitality by Key West families and
at that time a friendship with the
Higgs family developed which has
lasted throughout the intervening
years. Needless to say, Lloyd G..
Springs, who is also stationed at
the Naval Air Station, has been
adopted by Mrs. Higgs for his
stay in Key West.
Too. much credit cannot be
given to the six women who SO
faithfully sew each week at the
Jackson Square USO, mending,
altering and sewing on chevrons
and rating badges for the service
men free of charge. This COM
mittee is composed of Mrs. Higgs,
Mrs. B. L. Rout, Mrs. Alfred Soar,
Mrs. r. L. Williams, Mrs. George
Archer and Mrs. James Pinder.
No job has so far proven too large
nor any task too small to be given
consideration. They have given
largely of their time and energy
and have done untold good for the
service men in Key West by pro-
viding them with a service which
has met with their whole-hearted
approval judging by the volume of
the work being turned out each
week.