davidaulloa/AmericanStories huggingface dataset:
Minneapolis spokesman., 1942-01-30

We ask no special favors for
the Negro. We ask only that he
be extended all the opportunities
for service, and contribution to
nation and humanity as other fel-
low citizens. We insist of the
Negro that he accept all of the
duties and responsibilities of full
citizenship-as well as its bene-
fits. What right has any man or
power to offer less to a fellow
man Cecil Newman.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Mich. Mutual
Volume at Peak

M1CiiEdH NdjIdl Liability Com
pan> admitted assets ia 1871
reached 50 S99,32t. II per cent
more than The previous year ac-
cordng 10 Walter {. otto, pIesi-
dent.
Tho FIRMS net surplus now
stand, at s. 267.SS3. an increase OF
1Zi4 par cent OYER 1870. The vol
gntary contingent reserve was also
increased 10 $500 900. Dividend
declaration, during the year
brought the total Of dividends paid
10 polIcyholdprS to $1,000 .2S6
The company $ holdings Of United
States government bonds increased
mater ally during the year so - =
07S IL. bringing thc company =
hqud'Y 10 100 per cent Of m
vested assets Its government bond
portfolio oNcond~ Tho reserve for
losses by over 100000. OTTO said
Total premium writings were
81 POS 1873 TIN, Is the highest vol
ume IN the organization 30-ycar
history and represents IN increase
Of - PER cent over 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Tells Purpose Of The Cooperation

Wishing ind
tho the
and discovered tho following I.~tugs.
Albert attorney.
Rose NOlnar
Querlcd Miss MOnHi.> present
"Sure she was maid but haven't n
that address Nonar for
m n Just lent now nd I'm
acting
perfectly frank thc the
THE intent il Ia qudate this stun and make This
| charity - N
act and of
whose uncoCCtahlc
M
SAID
If owed colcctabr would
that should be- collected benefit OF tho
depoSitorS and stockholders Of thu bank
But I.lquaator~ n
Smith denied that any profit prospect
In fact he offered soil nominal profit $500
But Hoffman. whom Smith hqudatcd batch Of the
notes had o Sa4s
1T rotten and glad when able TO close
books Why on
could have I
sale. Id bought them
But small profits a
just bad there isn't Iiotlnan the comproleT
offlc
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
pMillion Dollars in Notes for $4,000

Hoffman walked and bought the lot having
value of nearly million dollars for $500 Bidding against
several of the agencies
Announcing that be wanted nothing than his money
back Hoffman formed firm called Community Liqtdato Inc
and sold the # whatever they could
AFFORD TO
Not having AaRGp himself Hot hrpd
attorney Albert Smith. do Qudiiing he
cash to hun the attorney but Sl2
surplus and promises 90 totalng s. ZOO o.
Hoffman called immediate malt The remaining
destroyed 81
OVER TO TfiE DETROIT COMMUNITY FUND
Not one penny profit did Hoffman make on tie deal
Last Thursday another completed and
items having book value Of Slj.6 2 -
The purchaser represented by attorney nared Albert
Smith,
Yes the Albert smith Who handled the liquidation for
Hoffman But this time charity and there
Hoffman
Attorney Smith acting for corporation 'LqidaotS'
Service IL newly and the
filed Michigan Corporation
Friday They approved
capitalization - shares 81 stock. 800
Just SO than pad for Tho The
Of Miss Rosa Munar Tor whom AoIu Smith
Officers Of this firm Albrr smith
and Rosa Monar Directors Rosa MOlnar Albert
Smith and Leonard Horton al>o an attorney
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
WOOdWOrth Company
Expands War Production

fooled FOR war work with a mini
mum loss of machine hours
The Fcrndale organization has
three large plants engaged m the
production of aircraft engine parts.
Two are devoted 10 the manutac-
turc O; parts. the third 10 heat
treating and plating
Woodwork. who founded En-
Cello Corporation in 1919 retired
IN 1887. He returned 10 the in
duS'ral field in 1879 when he ac-
CURED the Par Tool Company on
Schacfcr highway
By rbc end 0f 1899 Woodwork
realized the necessity for rapid
growth Of the aircraft industry
and disposed OF IN, heavy machine
tool building equipment and IA
CIlitir> IN May. 1910 moved INTO
the first unit of his new plant m
t'crndale. Starting with only -
employees and one building IN June
1910 hc mas increased his business
today 10 require several hundred
employees and three plants. repre-
~Cnting an expansion OF 800 per
cent IT. floor space
Woodwork Is also president OF
SuprcX Gage. which manufacture
thread cages and lanouS types OF
cylindrical plug cages and pre-
ciSiCn checking equipment. All his
plants are working 100 per cent on
government orders.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22

changes were small. Enough rails
advanced 10 send that average up
slightly. Utilities were firmer on
outlook for possible suspension or
the death sentence on holding
companies.
Oils sagged with many at new
lows and chemicals failed to rally
after recent declines. Coppers
were steady TO easier. building
issues firm and farm equipments
lower. J. l. Case made new low
at 63 Il. off Il points.
Allied made a new low at 1904
off 2. and Du Pent preferred made
new low at 12l,' off "a, while
Union Carbide equaled its low.
Dow Chemical lost fractionally.
Eastman Kodak gained a point.
New lows for the year were
made by Phillips, Pure Oil, Stand
ard Oil IN. j. and Texas COM
pany United States Rubber made
a new low at so, off 2.
A new low. for the year was
made by Beechnut Packing al 81,
off 81 points from the previous
close and off 1912 points on the
week. The issue sold at 1l0a.
earlier in the year.
Bonds were firm in light turn
over. Commodities moved mar.
|rowly without feature.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
DiUidend Prospects

These trends are not favor
able 10 dividend prospects.
Managing directors Of cor
porationS have no control over
the draught on corporate cash
resources made by the tax col
lCctors. but they do have dis
erection AZ 10 what proportion %
residual earnings should be dis
tributcd TO stockholders as 't.Vi-
bends.
Not only tax-wiSe, but In other
particulars. the area Of diScra-
ton of management over costs
in recent years has been mar
rowed. For example. social
legislation. including the Wages
and Hours Act and the Wagner
Act. has made the wage cost
more lnfleXlble.
Much of the current corporate
business batting IS based on tie
fallacy Of looking at substantial
net profits before taxes. instead
of greatly reduced net inc~mc
after taxes.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Approve Hupp
Reorganization

Reorganization plan FOR llupp
Motor Car Corporation has been
approved by stockholders and con-
Turned toy Federal Judge Frank
Picard n was announced Saturday
The plan provides that an RFC
mortgage, originally for $500 900
but now amounting 20 approx
maIcly $500 900 Is 10 be- paid down
10 $4,000 and that future pay
mcntS az" 70 be made at the rate
Of So. 900 monthly.
In addition. the company is "a
pay within % days after the close
oi each fiscal year an additional
sum equivalent 90 The amount by
which ~ pcr Cuul ot the con.
pany not earning after federal
income taxes. hut before dcpreCIa-
tOn. exceed the above required
pay mcnt>
Holder Of the company, 81 par
took drc 20 retain their present
certificates.
Holders Of The old $40 par stock.
not previously converted INTO s.
par shares. are entitled 10 eN-
change their old stock for new in
The ratio Of onc-half of one new
share for each old SO par share.
Creditors are 10 be paid in full
Judge Picard appointed as di.
rector~ tho following: William +
Rockwell. chairman Of Tinker
Retfoti Axle Company, r. W
4
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Terminal Barber Shop
Workers Share Profits

Ninety employees in five local
Terminal Barber Shops are sharing
in the 1911 profits of the nation
wide chain in the form of defense
bonds and stamps, according 10
Joseph +. SchuSser president.
a total of $4,000 was distributed
by the company executive who has
Just assumed complete control and
ownership of the Terminal opera
tons. Peter Lain. Detroit super
vISing manager, made the bonus
presentation here
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Leading Exchanges
To Close Monday

NEW YORK. Feb. u Lead
Ins security and commodity CX-
changes throughout the nation
vii be- closed Monday February
%. IN observance OF Washing
tons birthday Livestock MAJ
kctS and Canadian and Euro
pean exchanges Will remain
open.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
.G0ebe| Brew.
Nets S4SO,87O
During Year
Tops 1910 Profit by
$40. 900; Volume
Best in History

Edwin J. Anderson. president OF
Gocbel Brewing Company IN his
annual report 10 stockholders
Saturday reported net income
for the year ended Dec. 81, 1871
after provision Of S321.373 Tor in
come and excess profits taxes
amounted 90 S4SO.S7O. This com
parcS with S390.417 for 1910. after
provision Of $i23,705 for income
and excess profits taxes.
Sales i'm value in 1911 increased
80 per cent. Cash. United States
Government and other marketable
securities, o. Dccc Der 81
amounted 10 sos 695. The com
parable figure, al Dec. 81, 1910
was Sil6 40
Anderson further stated that in
spite of increased wages. federal
taxes and the higher cost Of all
supplies the company enjoyed
the best year IN It's history IN
point of volume,
During 1911, Gocbcl took three
specific steps IN necessary plant
expansion These included a new
case storage building. the instaIla-
uOn OF TWO larger rcfrigcratinG
units and the construction Of an
additional stock CELLAR These. to-
gcther with minor plant improl o.
mcntS. viii be paid for through
the increase IN surplus represent
ING earnings IN excess OF dividends
paid
Anderson reports that since the
first of the year. Gocbcl has pur-
chased so 900 Of United States
defense bonds. and employees, 10
the extent ol 100 per cent. have
purchased bonds already sggre-
eating $1,000
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Kresge Profits
Lower in 1941

s. s. Kresge Company reports
for the year 1911 a net profit of
S9.44S.l23 after a reserve of ST.
030, 1877 for postwar adjustment of
inventory values and S7,775000
reserve for federal and foreign in
come and excess profits taxes.
The net is equal TO S17l a share.
This compares with a net profit
of S10.070, 3S9. or S1S2 a share
in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Four Reasons for Change

There are a variety Of reasons
Tor the change In the first
place the unpreCedentedly heavy
corporate taxes. which are
destined 10 60 still higher. are
drain on cash. Secondly, the
rise IN prices Of materials and IN
wage costs increase the dollar
investment per unit manutac-
-A4Fed and hence he amount of
working capital required for
given physical Volume Of pro-
ducuon. Thirdly. in the CONVEX
sion from civilian 10 war work,
The physical volume OF produc-
tion Will be stepped up several
times the accustomed peacetlme
rate. Fourthly. though automo-
bile manufacturers were paid
cash for their cars when they
rolled off the assembly tine, they
do not expect as prompt pay
lmeHt- from the federal govern
mcnt.
In the case Of ChrySlcr for
example. the contemplated
capacity for making tanks and
other military supplies, when
completed. Will provide a capac-
itv which Will represent three
times The rate OF civilian sales
during the last five years. and
considerable more than twice
The largest pcaCetiDe sales IN
the history of the company.
Thus. under the new Circum-
stances. strong companies. which
have long been independent OF
the banks. will need outside aid
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Deliver 463 Coaches

CLEVELAND Feb 21-Twin
Coach Company reports the sale
OF 1913 coaches 10 II companies in
- states during January 1912.
according 10 Ross SChram. vice
president January deliveries
crossed $500 600. A. OF Feb. II.
1912 this company had upwards
OF $4,000 900 business on its books.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22

cOilSluelS uncOllecldDlt, often BECAUSE
the makers of those notes have gone
through bankruptcy or because the
statute of limitations has expired.
These notes bring peanuts al sale
but i'm financial and legal circles IFS
common knowledge why there Is d
market for them
Under the Law, the statute OF llmi-
taiions or bankruptcy do not outlaw "A
debt, they merely provide d legal de-
Tense. If legal action is taken 10 collect,
the maker OF the note must appear IN
court and put up his defense; If he fails
10 appear. the court may issue Judgment
and the note l. once more collectablc
This legal technicality opens tho
door for the purchaser of the notes 10
hound and bedevi folks. whether they
are colleciable or not. Often, they
would rather buy the worthless paper
back as the only way Out. than 10 suffer
the annoyance and expense of a lawsuit.
Aroused by this columns protests
Senator Prcntiss NJ Brown pleaded in
vain with the comptroller Of the currency,
asking that these sales be called off and
the worthless paper written of the books
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22

in sugmenting working capital.
They will either be compelled 10
make bank loans or seek adj
vances from the government.
Al present. there is A rapid
swapping OF dollars back and
forth between the treasury and
individual corporations. Com
panies are being taxed so heavily
that they are unable 10 make
much progress in building up
corporate cash savings. Accord
ingly, in order 10 fulfill large
federal war orders. they are
compelled 70 go back TO the fed
eral government. and seek ad-
NdDCpC
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Eaton S 1941 Net
Equals $3.50 Share

Eaton Manufacturing Company
reports for the year 1911 a not
profit of I.36i 500 after federal
income and excess profits taN",.
equal 10 500 a share against s.
99qi ,6jf or SIS a share in 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Market Mixed;
.Chrys|er Hits
High for Year
Auto Firms issue
Tops so for Point
Gain; Case Declines

NEW YORK, Feb 2l--Chrysler
Corporation featured the short
session on the stock market today
by rising TO a new high for the
year at 5Ola up II The issue
has been strong since the directors
cut the dividend earlier this week
to conserve capital for war work.
Other sections of the market
were mixed. Among leaders, net
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Preferred Payment
By Union Investment

Union Investment Company has
declared regular quarterly diV-
dcnd OF % cents on The first pre-
terred payable April ]. 10 stock
of record March II
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Universal Products
Paws 25( Dividend

Universal Products Company,
Inc has declared a dividend of
p cents. payable March 81, 10
stock of record March l8 The
firm paid 40 cents March 81, last
wear,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22

bank credit. a new chapter is
opening. Although before the
war. federal officials, including
Mariner s. EccleS. chairman of
the governing board of the Fed
cral Reserve System, worried
concerning the alleged anti
social effects Of excessive cash
accumulations of the great cor
pora tons, such enterprises are
now entering a phase in which
their cash Is likely 10 prove in
sufficient
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
The Business Front
First National Still Selling
Worthless Notes at Auction
BY WARD SCHULTZ
Detroit Times Financial Editor

~ WAS than year ago that this exposed nasty
ID o
Yet il still with the full stamp Of approval
NJ OF federal government. AS a fact IN
this particular the makes the operation
possible.
I'm referring to the sales conducted by the
OF the First National Bank Detroit he sells which he
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Strong Firms Face
Shortage of Cash
War Expansion. Rising Costs
and Taxes Are Exhaustine Funds
By MERRyLE STANLEY RUkEYSER
International Nr~s service Economic Commentator

Tie reduction in Chryser quarterly dividend from
S0 81 significant related the conversion
of civilian o
The purpose the dividend the need for
This
clue industry generally corporations don
KHAKI
which the strongly ntrenched
without need
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Ford Of Canada Dividends

Ford Motor Company Of Canada
Ltd, has declared regular quar-
terly dividends Of y cents on the
Class "A" and "B stocks both
payable March %, 10 stock Of
record March y
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22

X s. Woodwork Company of
Fcrndalc last week A-aS allocatcd
funds FOR additional var produC-
ton machinery and equipment
which VIII make r. ono Of the most
important sources of precision air
craft engine paris IN the country.
Only two years old the COM
many has br.u awarded orders
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22

In the first sale conducted the fall Of 1910 notes having
face value 100000 sold New York col
lection
A sale had and a
pleasant aftermath
a we'll M reputable Joseph
Hoffman happened pass o ort
while the sale In doorway
friends Who complaining bitterly their
bel sold IN largcbl block
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Montreal Silver

MONTREAL Fen p Suvrr closed
s'~adE and unchanged. With February
81 - nc So transactions
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-02-22
Trend of Sales

NEW YORK. Feb II GNS) -Totd
sales today:
stock Exchange stocks, 90 600 shares;
bonds. 81 $50, 600.
bonds $500 600
Biz board sales throughout the day:
ia on 10 II 90 so 0O0 shares
II 90 10 noon 100 600 shares
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03
CUSTER CASE IN
COURT DISMISSED

A good many members of the
Church of God, located on Olivia
street, were present in County
Judge Lords office this morning
at hearing in a case of custer
that Herbert Weech had brought
against Quintan Shortes, pastor of
the church.
Mr.. Weech, who owns the build
ing used as a church and the par
sonage also. brought suit on the
ground of delinquency in the pay
ment of rent.
Judge Lord dismissed the case.
He explained that the tenancy
law does not apply to churches
and parsonages, and informed
Mr.. Weech that the proper pro-
cedure would be to institute a
suit of eviction in the circuit
court.
So far as he was able to deter
mine, Judge Lord said that, judg-
ing from the sentiments expressed
in court, he concluded that the
members of the Church of Ged
were about equally divided for
and against Mr.. Shortes. So
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03

of state offices. the law reads
"less than IS days" before the
general election in filling a Of
flee that has become vacant. If
it is longer than that time, a
statewide primary must be held,
if it is less, the State Demo-
cratic Executive Committee is
empowered to make a nominal
ton.
1t was said at the county
courthouse this morning that,
with candidates being allowed
ten days in which to signify their
intention to run, and other de-
lays for the filing of first and
second expense accounts, it is
barely possible to hold pri-
mary before the general cleo
ton, and that, should it be ne
cesSary to conducs second pri-
mary, the genera election will
be over before the name of a
nominee is decided on by the
Democratic Party.
More than a month has passed
since Mr.. Perez has been active
as constable. He ceased his du-
ties in that capacity when he
was given job as a fireman in
the Key West Army Barracks.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03
EXTEND TIME FOR
FILING RETURNS
especial to The Citizen)

TALLAHASSEE, Oct, 3.-John
L. Fahs, collector of internal
revenue for the District of Flor
ida, announced receipt of adj
vice from the commissioner of
internal revenue at Washington,
D. c., that the date for filing
1912 capital stock tax returns
had been extended to November
%, 1912.
Mr.. Fahs said he had no in
formation as to when the forms
might be received in his office,
nor was he advised as to the
rate of tax, but suggested that
interested taxpayers watch for
news items. He said his office
would mail forms to corporations
which filed returns for 1871 if
and when the 1912 forms are re-
ceived.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03
GESTAPO BEGINS
new ROUNDUP
e Of IFRENCHMEN
THUS FAR SIX THOUSAND
HAVE BEEN PICKED UP:
MOST OF THEM SAID TO
BE JEWS

LONDON, Oct. 3.-Due to con-
tinued acts of sabotage in Paris,
the Gestapo has started another
roundup of Frenchmen who are
supposed to entertain anti-Nazi
sentiments. Thus far 5000 have
been arrested, most of them Jews.
All taken in that drive, it was
announced, will be sent to the
eastern part Of Europe and will be
subjected to forced labor in indus
trial or munition plants.
Arrests were made also of men
who are held as hostages, and
another drive resulted in the ar
rest of IL men who are charged
by the Gestapo with being British
agents. s
The Vichy government yester-
day turned over to the Gestapo
seven men who are said to be bit
terly against the NaZis.
Another report received here
from Vichy declared that Premier
Laval has ordered a flotilla of
submarines to Dakra.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03
Raj Planes Stage R|tavy
BOmbadInent ()fRIil lnd
TWELVE CHAN1 OF
COMMERCE DIRECTORS
NAMED LAST EVENING

The committee of the board of
directors. Everett w. Russell
presiding, met at the Key West
Chamber of Commerce office
last night to canvas the votes
cast for directors for the ensuing
year.
The following were elected:
William NJ Arnold, Fred ]. Dion,
Fred 0. Eberhardt, William t
Fripp, Bascom L. Grooms, A. E..
Peirce, Ernest A. Ramsey, Ever
EFT w. Russell, E. A. Strunk, Jr.i
Julius F. Stone, Charles S. Tay-
lor and Glenn c. Price.
The newly elected board will
meet in the office of Glenn c.
Price, sos Duval street, Monday.
Oct. 5, 5 p. M, for the purpose
of organizing and eIecting Off
GERS.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03
THREE KEY WESTERS
ENTER NAVY FORCE

William M. Hancock, 713 rear
Eaton street; Louis Bancells, Jr.,
803 Simonton street, and Elio G..
Bello, 1917 Simonton street, were
among 26 men enlisting from diff
ferent points on the lower East
Coast OF Florida as Lexington
Volunteers.
The men will serve on board
the new U.S.S. Lexington that
was recently launched, taking
the place of the old air carrier
of that name, which was lost in
the Coral Sea battle.
Each of the men were present
ed with Lexington Volunteer
certificate.
Six aviation cadets were also
enlisted at Miami among d group
of 80 who have entered the serv-
ice. r..
This announcement was made
by Lieut.. M. c. Rhodes, Jr., Off
Ger in charge of Navy recruiting
for South Florida.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1942-10-03
JOSEPH KNIGHT
MADE LIEUTENANT
Especial to The CitlzenD

CAMP LEE, Va, Oct. 3.-Cadet
Joseph w. Knight, 500 White
head street, Key West, Fla, was
recently graduated from the Of
ficer Candidate Course of the
Quarmaster School located at
Camp Lee and received a COM
mission as a second lieutenant in
the Army of the United States.
His class consisted of specially
selected enlisted men of the
Quartemaster Corps who demon
strated to their local commando
ers and selection boards that
they possessed the qualities of
leadership and initiative neces-
sary for officers of the Quarnas-
ter Corps. 60
The coursesconsisfed Of inten-
siye training in both military and
basic Quartemaster subjects.