davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

The foolishness OF the Houses
undeliberated proposal has been
convincingly exposed by, among
others. the federal treasury's
own tax adviser.
He emphasized that such a
tax might mean profits OF "a
per cent a year for certain cor
porations, and only 2 per cent
for others, depending upon the
nature Of their contracts. that
il would tend 10 encourage in
creasing rather than decreasing
costs. that il would impair
rather than expand letting of
contracts. that il would entail
an almost impossible volume Of
record keeping by contractors
and government alike. that il
was unwise and unSound from
every angle.
II had been lucidly explained
TO lawmakers that il would be
far more desirable and profit
able. from the governments
viewpoint, 10 depend upon excess
profit taxes TO recapture undue
earnings.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Farmers Market

APPLEs-Mclntosh, rancy. s25oa2.7.
bu No. l. si.759225; No 2. 81; North
81 al. so: No. ?. 500 use: Jooathans. fancy
Delicious. fancy. 50 5O@2 rs; No $3.50
~; No, 2, 75c; steeie's Red, fancy. S2.2,
g25o bu.; No. /, H5oG2i No. 2
BEETs-No. /. so0s5c bu No 2
cABBAGE-No. 1. 75asOc bu.: No. 2
2, 75c bu.; chives No /. 81 dog. bchs.
CARROTS Fancy 81 io@I5o bu. No
l. s v,ryS 6a b6 No; 2, 75e pu. -,
CELERY RooTs-No ! S1aI25 u bu
EGGs-Large. SIOaii 3o-doz. case; me
;. HoRs 3 !. !, /, II, s as.sO bu.t
saS GNiG 80 81 as@? 9so@ No So Is
onion sets, No. /, sf5o15 32-lb sack
PARSLEY RooT-No. /. s1Q1.50, No
PARsNIPs- 81 5O@175 bu.; No
/, 81 % % bu; No. 2. 75c bu ~
PoTAToEs-Fancy,- 81 IS bu.: No.
81 P lSfsl r. No sNb ssh a6 SSsi nv.
heavy breed. 26 q 29c leghorns, 2ln23c
broilers heavy % n 29c: broilers. lcChorn
Fl n 23c hogs, medium, dressed. 10 d22c
RADlsHEs-Red dollhouse. No. 1. So
RUTABAGAS-No l. so \ zoe.
RHU BARB-Hothouse. fancy. 500 35,
5-ih. box. choice. Csc small. soc dozer
punches.
SQUASH--Dclicious No. /, 40d soc bu.
Hubbard No. ! 5On 75c.
TURNlPs-NU. !. 75eqSl bu.; No. 2
soc.
VEGETABLE GREENs-Leeks. No. J.
15c aS1 doz. lunches French endve
fancy. 81 Abb. box; No. /, 75Qs0c;
No. 2. csc
VEGETABLE OYSTERS No. 1, 500
75c don, punches,
TOMATOES pound cartons. repaqks
mediums. 81 35a1 40
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Stocks Uneven;
Cotton Scars

NEW YORK, March 81 (UP).-
Stocks opened narrowly irregular
today with trading quiet. Bonds
were steady in dull turnover. Cot
ton advanced 5 to IL points to- new
12-year highs.
I.ow-priced automobile issues
were active and strong. Hudson,
responding TO favorable earnings
report, opened $500 shares at d,
up Il, and new high for the year.
Observation-Disclosures equaled its high
at ), up Is on 1000 shares. General
Motors was al 347s, up "a, and
ChrySler at 553s, unchanged.
Engineers Public Service 5la per
cent preferred dropped 3 points 10
new low at 81 in an irregular
utility group. Small losses were
made by North American and
Commonwealth Edison. while pub
lie Service s per cent preferred
made small net gain and Con-
solidated Edison held steady.
Chesapeake and Ohio preferred
lost 2 points 10 new low at SO ?
in an otherwise steady to firm
railroad group
Standard Oil of n. J. rose s.
to 34ss on the first sale. a small
gain was noted in Standard of
Indiana, and minor losses were
registered in Texas Company and
Standard Of California.
United States Steel was I'M
changed at 30, while Bethlehem
eased Il to 591s. Coppers were
about steady.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Forbes
Curb on War Profits
May Boomerang
For House Members
By b. C. FORBES

The poorest war job of all is
being done by politicians. Latest
illustration: Without one hour,
without one moment of discus
sion. the House of Representa-
tiyes tagged on TO the newest
1918. 302 .000,000) appropriation,
clause limiting profits on all
war contracts to 6 per cent.
Doubtless I hese lawmakers
acted so hastily because they
were itching TO scamper off on
a two-week vacation.
The rest of us are eXhorted
by Washington TO apply our
selves whole-heartedly, eXclu-
sively, to winning the war. But
these legislators chose to play
hockey.
To enable them to do so. they
railroaded through legislation Of
supreme Importance and gravity,
legislation which their own OFF,
cial expert advisers warned them
not TO enact.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Reckless Action

They gave no more time nor
thought TO it than they would
to a $4,000 or 100000 pork
barrel sop. 1t wasn't even con-
sidered necessary 10 have any,
thing like a halfway decent
attendance To pass on this mo-
mentous proposition.
SchoolboyS, on the eve OF
vacation, could not have exhib-
tied more irresponsible atti-
tude. Perhaps the hasty plump
ers for the happy 60 lucky
afterthought salved their con-
sciences by reasoning that the
Senate would give this vital
matter m allure consideration,
that it would not act as hap
hazardly and thoughtlessly as
they did.
This latest reckless action by
the House. following its voting
of pensions TO its members, isn't
calculated TO inspire public con-
fidence in Congress.
II Is entirely possible how
ever, that many Representatives
figured that limiting war profits
TO s per cent would appeal 10
poor uniformed constituents,
would prove captivating catch
phrase when the campaign for
reelection tfor all Of them) in
November comes round. wouil
do something to atone for their
pension grab which public r.
sentiment forced them TO rescind.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Meet in Toledo

Mass production techniqueS
and processes originated by the
automotive industry during past
decades will be discussed at a
meeting Of engineers in Toledo,
April 6, and application of these
techniqueS and processes TO war
production will be explained. The
meeting will bring a large group
Of automotive engineers from
Detroit TO join with Toledo engi-
neerS, both from surrounding
Ohio and Michigan manufacture
ing plants.
Principal speaker will be Jo-
seph Geschelin. Detroit editor Of
Automotive and Aviation Indus
tries magazine and of Motor
Age and Commercial Car Jour
nal. Geschelin also is national
vice president of the Society of
Automotive Engineers, in charge
of production engineering and n
member of the governing board
of the Detroit section.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Auto
Graphs
Victory Tires,
Bikes TO Make
Debut in April
BY SILER FREEMAN

The Victory" tire will soon
make its debut-for bicycles. II
will have a total of TIA ounces
of crude rubber in il, IL ounces
for the casing and 6 ounces for
the tube. The rest will be re-
claimed rubber.
The United States Rubber
Company has been making the
Victory" tire during March and
is ready 10 market il. 1t is the
only grade that will be put out,
under orders of the War Pro-
duction Board
With the Victory" tire will
soon emerge the Victory bike.
a single frame affair that will
have all the sturdiness of the
present vehicle and maybe more.
The bike is expected 10 be ready
for public sale by the latter part
of April
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
MAR KETS
M. S. Rukeysor
NJ. S. RukeYsor
-
Flaws Postwar
Free Trade Policy

Already less systematic attempt is under 10
divert the dcalSm permanent postwar
policies the lessons OF
Most proposals direction of interna
tonaSn tho Alexander Hamilton successfully
laid the bueprntS this nation based policy of
teCtiyc tariffs
coined the phrase "prohes Imperialism 10 describe
those schemes inducing the United States under
welfare of tho other nations of
world Apparently that should contribute
capital while foregoing rewards IN the event that
such vast speculative enterprises should succeed
Foreign Affairs The Economic Tasks of
ho World" AVN H Hansen Harvard economist and
special adviser board of the Federal
C. p KndbcrGer associate economist of
the hoard of let their maglnaonS roam Instead Of
consequences ol the vast
banks which should
Federal Reserve System these
tariffs and in favor
converting a permanent postwar policy.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Standard Tube
Votes Dividends

Standard Tube Company de-
clared regular quarterly dividend
of 5 cents on the common and
regular quarterly dividend of 80
cents on class A preferred, both
payable April 25, 10 stock of record
April Is. This is initial payment on
common.
At the same time the company
reported a net profit for 1871 of
$3.50, 1873, equal. after class A divi-
dcndS. 10 70 cents a common share
as compared with Sl20.793, or &c
cents a share reported for 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Tinnken Axle S
Earnings Rise

Timken-D Detroit Axle Company
and all United States subsidiaries
report for the six months ended
Dec. Na1941, a net profit of ST.
500, Ia. after income and excess
profits taxes and provision of
S1,000,0o0 for possible future in
ventory losses. Above net is equal
TO S2.99 a share on 99l,975 shares
of common.
This compares with net profit of
81 .559. 500 or S2.56 share in six
months ended Dec. 81, 1910 Earn
ings for 1910 period includes
operations of the Canadian sub
sidiary.
Provision for income and excess
profits taxes amounted to S1l, 200.
600, against S3,250,000 in like
period of preceding year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

DETROIT BROKERS and deal
erS are going 10 face periodic OK
aminationS similar 10 those OF the
banks. il William Green. newly
appointed acting regional admins
traitor for the Securities and EX-
change Commission. has MS way.
And he probably Will
Yes, Bill Green. fresh from At
lanta. Ga, southern draw and all.
says he has a staff Of 10 expert
examiners and intends 10 get per
mission 10 bring them up into this
district.
Bill replaced Dan 7. Moore as
head of this territory working out
of the Cleveland office. Moore has
been drafted for an important job
with OCD-not one Of those sports
co-ordinators either.
While he doesn't expect 20 be a
permanent fixture. inaSmuch as tho
SEC intends 10 have him double up
on his regular seven state-Atlanta
office and the Midwest section,
Green does expect 10 be- here long
enough to institute some pretty
important changes
These examinations arc what he
calls preventative regulation
ATTENDED a Chinese War
Relief function last night and
learned that Charles = Grouse.
head OF Grouse n Co - needing
the organization here.
They probably observed The
splendid Job another broker SPIKE
Connely-did for the Red Gross
and decided ne was a natIrfI for
II job,
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

Why have these economists missed the main point relating TO
primaCy United States? We the first indus
trial nation because have rhest backing the muscle
slaves the form OF electricity
the intelligence with which
and brains tools and natural
other them the tech
which have employed and by encouraging them TO
But foong ourselves and
cultivate the impression that we are powerful
enough indefinitely carry foreign peoples backs
Bad theory makes for faulty practice Monetary
confusion Washington d. c. before Pearl
aror unneedcd gold 1t would have been vastly
fasghted accumulated sockpes OF rubber nm
other and critical poducts as long advocated
by Perna NJ and others.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

But all such expert counsel
was thrown to the winds by con-
greSsmcn apparently concerned
only about rushing away from
their duty in order TO enjoy a
fortnight's holiday.
Are congressman undertaking
the intelligence of their constit-
uents. not only by this latest
fragrant demonstration, but by
their fighting shy of enacting
legislation modifying the 40-hour
week. passed in peacetime when
unemployment was appallingly
widespread, and setting up a 49,
hour week?
Copyright. 1912 by B. c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Station Wagons Taken

Has your secret dream like
ours) always been to own
station wagon? If so, you can
defer il for the duration.
The entire supply of station
wagons on hand in dealers
hands and at the factories, will
be required the army and
navy the War Productions
Board has announced.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Tire-Return Extended

Time within which tire dealers
and jobbers must give notice OF
their intent TO sell back new
passenger car tires and tubes
under the tire-return plan has
been extended TO midnight to-
night, according to the Office of
Price Administration. Tires to be
sold back must actually be
shipped back by April Is, under
the time extension order.
Manufacturers report little de-
sire on the part Of dealers TO
return tires.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Hudson Prof.
Is S3,756,418

Hudson Motcar Car Company
and its domestic and Canadian
subsidiaries report net profit OF
S3.756.41S for the year ended De-
cember 81, 1871, after all charges
including depreciation. interest and
provision OF $83. 700 for all federal
and state income taxes. No pro-
vision is required for excess profits
tax
This compares with a net loss OF
S1507.7SO after all charges IN
1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
BUSINESS
DETR0i7asa6s INES
Lewis Haney
Lewis Haney
EXPLAINS Weakness
In TecIlnOcracy
A reader in Mt Vernon, N. Y. asks:

A reader in Mt. Vernon, N. Y, asks:
what the called democracy: As economist
what think o
thing called by leader "technocracy" is
coectivsm, claiming be
for all social ills
The O fellow keeps bobbng up with it,
be following by promising remedy for what
ais
In understand should first that socaicd
technocracy depression like Townendsm
Coughlnn the New Deal schemes, and the Il
cult In hard times Uopian always win following
People then be willing try anything
that all these cotectivisr They
individual
"ntegated and be lost
group RECOMMENDATION blind following of
leaders course leaders good thing out OF It,
they
emergency these leaders trying to revive
following the ground that they know how to save the
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Detroit Firm Pena|ized

Only one Detroit firm, Huron
Steel Company, is included in the
list of % steel warehouses which
were penaliZed by the OPA for
accepting more steel than their
quota during the final quarter of
1871.
The violation is considered
technical and the only penalty
imposed was 10 deduct the
amount over the quota plus so
per cent from the April quota.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
BONN Aluminium Net
Near ! Million Mark

BONN Aluminium and Brass Cor
poration and subsidiaries report
a 1911 net profit of S1.932,431
after So, 1872 900 reserve for federal
income and excess profits taxes,
equal to S5.4S a shore on 352.41S
shares of common.
This compares with the 1910 net
profit Of S1,441.7S9 or S409 a
share after tax reserve Of $3.50, 900.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

-FOUR MORE Detroit certified
public accountants haNe- henn-hnn=
ored with membership in the
American Institute of Account-
ants and three others were named
associates according 10 Secretary
John Carey
Pull memberships were granted
10: Lawrence K. Borland, partner
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Metal Markets

metal quotations supplied by Federated
Metals Division. Detroit: spot 30 per cent
tin nominal New York. 50 future tin. 50 :
lake grade copper. delivered Midwest IL
ciectrolytic spot smelter. - casting cop
per. IL 10. 81. Louis lead s IS ST. Louis
zinc SIS, New York antimpny, ~ so
AIrLIn AIumInun IL
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Livestock Markets
DETROIT

CATTLE - Market at standstlll. Yards
being picketed thus hating movement OF
livestock by truck from the yards 10
slaughtering establishments Furthermore.
local killers apparently unable TO slaughter
any livestock purchased in the Detroit
yards There are approximately 900 head
OF cattle in the yards al present; more
arriving but the in-movemcnt below nor
NAL 10, a Monday.
CALVES shippers buying good and
choice vealers at SIS So or steady with
last weeks close. No action on common
and medium grades with local killers not
operating Present salaole supply about
100 head
SHEEP - Nothing done on slaughter
lambs Local killers not operating and
not enough on sale as yet 10 invite shipper
lcompetition About 300 head now in yards
HOGS Receipts I 500 Nothing don,
az yet local Killers practically ont Of tn
market Statesmen trying 10 place hog
20 shippers.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Tells Difference Between Saving and Hoardne


~ What you by saving: How does differ from
Saving foregoing consumption with the idea Of
getting. benefit futurelt spending Tor
sumner goods putting money where IT Will be
available future Most savings by intelligent people are
which spending for productive purposes ms
But boarding is Just laying
Hoarded invested
is s
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Nation S Store Sales
80 Pct. Over 1941

Department store sales in the
first two months this year were
30 per cent greater than in cor
responding period of 1871, accord
ing TO the Federal Reserve Board.
A part Of this increase represents
higher prices which at present are
about 10 per cent above last year.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
No Place for Market Values in the Scheme

Note carefully that there no place for market values in
would
by democratic play of the forces of supply and demand Tech
however has the past opposed the MARKHAM doctrine
values" Instead it has set the
kowa possibly other unit Of mechanical powe
values because makes allow
either for Cd human costs and sacrifices required IN ppuc
goods
The other of democracy put forth are just
closing public bars
all foegnanguage organizations and publications. and
consumption of and by the government.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Plan TrebIed
Bduxite Supply
For Aluminium
Jesse Jones Tells
OF 200 Per Cent Rise
in Arkansas Output

WASHINGTON. March 81 tUP)
"A program TO triple the domestic
production of ha,IN!te- tho Sal4rcc
Of aluminium was outlined today
in a report by the Metals Reserve
Company on is activities IN sup
plying war industries with ma
tcrials needed for manufacture of
planes, guns, tanks and ammuni-
ton
Secretary Of Commerce Jesse
Jones reported that the Recon
struction Finance Corporation sub
sidlary had contracted for produc-
ton Of 1.6S0,000 tons of bauXitc a
Scar and-waS negotiating 90 in-
crease Arkansas annual output by
100000 tons.
200 PER CENT GAIN
This program represents n
total Increase of approximately
200 per cent over 1871 domestic
production nf- hauxite,- and / =
scheduled to keep pace with in
creasing requirements for alu-
minum." the report said
The government agency was re-
ported 10 have effected very large
increases in production of chrome
manganese, tungsten and Vana-
dium."
The production Of copper, lead
and zinc has been accelerated by
government subsidy of small mines
that could not be operated profit
ably if their outputs were sold at
market prices. Metals reserve is
paying premium prices for this
submarginal production.
MERCURY CLIMBS
Production of mercury has
increased so rapidly both In the
United States and Mexico under
stimulation of price that no
steps have been taken, nor are
contemplated mt the present
time, for any substantial govern
ment financing" the company
reported.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

The with which these theorists discuss the pewar
period is astonishing For example they berae the difficulty OF
ignoring the practical
credit reputation of the peBoshevist debt
the theorists advocate extension OF
the lend-leaSe principle saying:
devised The relatively device
corporation the authority might
assigned "A major role"
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Detroit Poultry

Market about steady hens 5i4 lbs and
w. 23c. under 3 lbs 26c eghorn hens
lhs ana ~ pc COCKS l28ifc. rock
springers. &c, rock broilers. 2is 10 "a
lbs and up, Csc
EGcS-Narket Hrm; current receipts.
2Ihe; undergrsdes, 23h a2ec.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Foreiqn Exchange

Root Petroleum Company and subsidiaries
showed a 19i1 net profit ~ Slis2s after
non. recurring loss OF S4s6. $50 on sale and
liquidation ~ Cromwell Franklin oil Com
pany The net income equals ~ cents q
share on 81 20 preference stock in arrears,
against a 1910 net profit Of $50, 702, OF
"A on preferred in 1910
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31

'TecInOcracy OF aSciSm Your rS though mlght
be like SpaSm basic theory to be that
utilities all that count 1t breaches that with the
machinery everything
hearts This condition II asserts attain by work
only between the of y and As thus going Doctor Town"
better
get this way. have rely central con-
lives by the This practice would
control by Scott Hitler some other dictator.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Contend Benefits Are Real but Undesirable

These cschewing the facual of bookkeeping
indulge metaphysical experimentation frankly pointing
THE benefits Of these postwar nlcrnatonaSt expenditures
though they be measured in of
bookkeeping"
Making for perpetual printing international
sea4e+heHAS
direct outlay the of development
projects in back
nduCemen that these fantastic
long contribute both the economic
an political security of the United States
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
Packard Lifts
Gets
Big New 0rder('
z Million Net Equal
TO Is Cents a Share;
Expand Production

Packard Motor Car Company
and subsidiaries report for the
year ended Dec. 81, 1871, net
profit of So ,061 1923 after S2,l00,000
provision for estimated commit
ment and inventory losses arising
from government wartime curtall-
ment of automobile production
and a Sl,300,000 reserve for fed
eral income and excess profits
taxes. This is equal to Ia cents a
share on 100000 shares COM
mon.
Net profit for 1910 was $774,147
or 5 cents a share after tax re-
serve of $4,000.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
BIG ENGINE ORDER

The company's war bus ness
/ recently has increased greatly. &C
cording 10 Alvan Macauley, chair
man, who states in the annual
report to stockholders that "A
! duction capacity 10 make mat
tengines is 10 be tripled from whel
il was at the end of 1871. An
additional very large order for
/ RollS-Royce aircraft engines also
has been received within the past
few days. ne says.
Machinery and equipment needed
10 increase marine engine pro-
duction facilities is 70 be furnished
by the government, Macauley said.
Tools, materials and labor arc 10
be supplied by Packard.
Additional marine engine orders
recently received will utilize this
enlarged capacity over an extended
period without necessity for new
manufacturing buildings, except
one small unit for test purposes,
Macauley concluded.
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
FAST RIFFAIO

EAST BUFFALO n. r. March 90
lSsb.- Hogs Receipts 2.lO0: good and
.hpice SiA.15n1i25. trucked -ins Sl3 - "a
"a. rough and weighiy Sows. Sl2 25ft y 65
CATTLE Receipts 600, good and
choice steers Slf.2anli % shortfed steers
and heifers Sli 50Ht II So common o.
medium. SO: cows and bulls steady
beef cows SIS 50uS75; cutter and common
Sc s5Hs Gamer. S. 25n $780,; sausage
bulls. Sf0TlO.25.
CALVES Receipts 500: market steady
good and choice. Sl3a 1880; common and
medium. 50 50H14
SHEEP Receipts ! 500: market steady
good 10 choice Si225n1 u. so. spring lambs
Sia1i4 50 handywclght shorn ewes, SIS, so
Detroit evening times. (Detroit, Mich) 1921-1958, 1942-03-31
enc AGO

CHICAGO March 80 GNs) HOGS
ReCeipts b 500: market. Toe Up loo
higher. Top. Si3 90; bulk Sl3. 7Ofa13 s.
heavy. Sl3 IS 10 90, medium $i3 - ~
10 90 light $3.50 1i3 SIS: light Nights
Si3n1 1850. packing EOWs. $l3 60 pigs,
SI2ui2 SO.
SHEEP Receipts II 600 msrke' steady
Lambs Sl2G12.75; common. 500 y
yearungs 50 75t' 10 rs. feeders $40 "a
IL ~ ewes AhMs.