davidaulloa/AmericanStories huggingface dataset:
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Department spravedInosti "a
krocuje prot podvratnym
zivlHm.

Department spravedlnosti sc
chysta zakrociti proti podvrat-
nym zivl1m We Spojenych sta
tech, jak mezi cizinci, tax i me-
ri obcany.
Vrchnf federalnf navladnf
Francis Biddle oznamil, re as
pom 80 rGznych rfzeni soud-
mich Dude zahajeno "a 1celem
odnet1 obcanstv1 osobam, ma
nichz lpi podezreni, re pri skla
DAM pfisahy vernosti Spojenym
statum zachovavaly loyalitu
Ose. Celkem Dude projednano
nekolik set takovych pffpadd.
Pan Biddle prohlasil, re de-
naturalisovane osoby inferno
vany.
R1zenf proti narcenym natu-
ralisovanym obcanGm zaloba-
mi, podanymi federalnimi ma
vladimir u naturalisacnlch SOU
d1. Obvinenym Dude povoleno
sedesat dn1 k odpovedi. Soudy
rozhodnou o prfpade pc male
zitem vyslechnut1 svedectvl.
Vlada must predloziti nezvrat-
ne dukazy.
Proti rodilym American1m,
ktef1 jsou ma strane fasistG ne
DO jinych nepTatelG, nenl ov-
sem mono zakrociti takovym-
to zpGsobem. Vrchnf federal
nj navladn1 vsak ujistuje, re
ami tito Tide nesm1 sc domn1va-
ii, re jsou zavetr1, nebot i pro
tt MIN mohou byti a budou pod
niknuty patficne kroky, tTeba-
re ma jinem podklade.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Slovaci poole Macha pry 81 ne
vazf sladkeho zivota.

Ma schnzi 1rednfk6 Podta-
transke zupy v Ruzomberku
promluvil take notoricky Sano
Mach. Pc dlouhem chvalozpe-
WI o sladkem zivote v pozem-
skem rail-, ktery nastal Sc Slo-
vensku pc jeho 'osamostatne-
nj" pripustil, re dosud Sc male
zaj1 ma Slovensku Tide, ktef1
sladkost noveho zivota nedove-
dou pine oceniti.
Pf1cinou tohoto zdanlive ne
pochopitelneho zjevu jsou pry
"pozGstatky rakousko-uherske
a cesko-slovenske mentality.
Sano Mach potion nabadal
vladni 1fednfky a cleny Hin
kovy gardy, ably 81 vsfmali
"techto pozGstatkG a odstrano-
vail je."
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Byvaly chicagsky gangster
odsouzen ma osm let.

V New Yorku, Nick Dean,
byvaly operator nocnlho klubu
a henry v Chicago a byvaly
Glen Capone-ho gangu, byl Cd
souzen do ealaTe ma osm let a k
pokute $4,000, kdyz primal
Sc k vine Sc spiknut1 k vynuce-
nj vice nez milionu dolar1 ma
filmovych operatorech.
Verejny zalobce jej llcil ia
ko "typickeho chicazskeho
gangstera a kolektora pro
Williama Bioffa, usvedceneho
raketyra ma zapadnfm pobfezi
a byvaleho chicazskeho kupli-
re-"
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Francouzi vitaji BenesiGv plan.

Francouzska ~novinafska &C.
nevieve Tabouis, jez nyn1 spo-
lupracuje We Spojenych Sta
tech S hnutim svobodnych Fran
couz1 general de Gaulle) po-
skytla v techto dnech boston
skemu tisku interview, V nemz
sc zminila take O DIR. Benesovi.
Poole bostonskeho tisku Chris
tan Science Monitor prohlasi-
la ma dotaz, jak by mela byt u
pravena povalecna Europa, tax
to: ga sama souhlasim a my
slim, re cely francouzsky ma
rod souhlas1 S planem, jez pre-
dlozil ceskoslovensky presi-
dent DIR. Eduard Benes. Tento
plan smeruje k utvofenl neko-
lika federacf v Europe a krone
jineho k uvtoTen1 federace
Francie S Angli1."
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17

V Christian Valley, asi 6 mil
cd Powasan, Ont, uhofela Is
rokG stara osetTovatelka a mi
sionaTka Jean G.. Smithova. V
jejfm domove vypukl ohen,
ienz Sc rychle rozs1ril ma jeji
ioznici a vsechny pokusy O "a
chrany z1staly bez vysledku.
Smithova byla prvnf svetove
valce a byla matronou prvnl
kanadske valecne nemocnice v
Europe. Mimo toho byla mno-
no rokI misionaTkou v Cine a
JapOnsku.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Nalez starych kamennych
mlVnE.

Jak pfse mas kraj" nedale-
ko oboe ZrGlku prislo Sc ma
kdysi rozsahlou obec, kde byla
objevena Tada staveb a v Mich
byly nalezeny potreby, kterych
tehdy obyvatele v kraji potfe-
bovali. TAX ma pr. kamenne
mlyny, Size primitivne sestroje-
ne, nechybejf v zadne chalup6.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17

Apelacnf soud v Chicago po-
tvrdil rozsudek ma $4,000 Cd
skodneho "a ztratu nohy, KITE
re vysoudil Harry Adams z
Grown Point ma draze Erie. ByI
zam6stnan jake vyhybkaf u
drahy a uklouzl pod kola je-
douciho vlaku. Zaloval spo-
Ieenost a dostal rozsudek, ale
spolecnost sc odvolala a ape
laGnf soud rozsudek potvrdil.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Professor Dobroslav Orel mrtev

V Praze zemTel We veku II
let universitnf professor Dobro-
slav Orel, znamy skladatel cir
kevnf hubby.
Prof. Orel sc narodil v Hro-
move. Pnvodne sc chtel stat ka-
techetou, vstoupil vsak ma kon-
servator a venoval sc c1rkevni
hudbe. Roku 1919 stall Sc pro-
fesorem cirkevn1 hubby ma
prazske theologicke fakulte.
1881 sc stall professor Orel rex
torem university Komenskeho
" Bratislave.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Cd ~agitacniho vyboru
S. 7. j. Sokol.
Sokolsky s. jul.

SOkolsky 5. jul.
Tento rok Sokolstvo slavi
zvlaStne jubileum, asfce osem-
desiate vyrocie svojiho zaloze-
MA. PretO ami slovenske So
kolstvo v Americe, ktore je
suciaStkou toho vel'keho ma
rodneho t~elesa, nemoze tohto
zvlaStneho vyrocia pomin1t a
rozhodlo svoj slet, ktory Dude
tento rok pOriadat, venovat ma
pamiatku zakladatel'ov Soko-
la.
Slovenske Sokolstvo v roku
1912 poriada svoj stvorrocny
sJazd, svoju konvenciu, pri
ktorej kona sa al vsenarodny
slet, ktory vsak tento sa spoju-
je s ~oslavou 80 vyrocia zaloze-
MIA SOkolstva vobec.
Slet Dude sa konat v nedel'u
dina 5. julia 1912 ma sletisti So
kOlskeho Tabora v Boonton,
N. j. Ma slete vyst1pia vsetky
nase slozky, cvicenci bratskych
a sesterskych sokolskych orga-
nizacif, take tento den stane
sa mOhutnou manifestation
Cechoslovakov v Amerike.
VO vseobecnosti sokolske sle-
ty sG 1spesn6 a vel'kolep6 a tax
al tento skutocnou narodnou
slavnOstou, ktorej sd ma z1cast
nit kazdy demokraticky Czech a
SlOvak bez rozdielu.
Nase vel'ke narodne organi-
zacie sl'1bily uz svoju pomoc
a moralnu podporu v tejto ak
Gil a VERNE, re ich clenstvo bu-
de nasledovat ich pTfkladu a
pomoze tento den ucinit pa
matnym V historic americkeho
SOkolstva.
Prav6 dnes, ked mas narod
tax trp1, ked nemoze pfipome-
nut 81 vyrocie zalozenia orga-
nizacie, ktora tol'ko znamenala
pre- narod ceskoslovensky, je
tTeba, ably SINE sa postarali
to, re by SINE pTipomenuli vse-
tky tie krivdy, ktore s1 .dnes
pachane ma tom nasom bez-
brannom narode, ably SINE my
svojou vyspelostou, svojim po-
ctom a vel'kostOu pred nasimi
spoluobcanmi demonstrovali V
Zaujmu solidarity, v Zaujmu
solidarity, v zaujmu demokra-
Gle, spravodlivosti a slobody
kazd6ho naroda.
Tymto tiez pomozeme nasej
veci, ked ukazeme, re Cesi a
Slovaci tvoria ziv1 slozku Anne
rickeho naroda, re svojou .te-
lesnou a duSevnou vyspelo-
stou prispeli ku pokroku, bla-
hobytu tejto zeme a re v dnes-
nej dobe sd ochotn1 svoje silly
venovat svojej vlasti Americ-
kej!
5. jul must byt vzpruhou pre-
mas vsetkych. Mech je nam do
kazom, re myslienky a ideale
vel'keho Tyrsa a Fugnera ne
holy marn6, melody znicene, a.
lie re stale stoja v sluzbach de-
mokracie a v sluzbach naroda.
Preto je povinnostou kazde-
no nasho krajana, ably tento
den, nedel'u, dina 5. julia, 81 re-
zervoval a v ten den, ably pri-
Siel medzi Sokolstvo ma slet do
Boonton, N. J.
Sletovy agitacny vybor.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
P~RESIDENTUV DOPIS
OZBROJENYM SBORUM.

President Roosevelt obraci sc
ke kazdemu clenu americkych
ozbrojenych Short, ktery odjiz-
dl ma vzdalene bojiste, nasle-
dujlc1m dopisem:
THE WHITE HOUSE
WASHINGTON
ClenGm armadnfch expedite
mich short Spojenych Stat11:
Jste nyn1 voj1nem armady
~Spojenych StatG.
Vydavate sc ma cestu do VIDA
lenych mist, kde sc valci.
Ma vysledku valky zavisi
svoboda vasich zivot1: svobo-
da zivota tech, ktere milujete
= vaSich spoluobcan1 = vase
no naroda.
Nikdy nebyli nepratele svo-
body despotictejsf, arogantnej-
81 a krutejsf.
Vas narod je bohabojny, mr.
dy a statecny, je to narod, KITE
ry v celych svych dejinach sta
vel svou Bohem chranenou svo-
bodu made vsechno ostatni.
My, kteTf zGstavame donna,
name tez svoje povinnosti =
povinnosti, jimiz jsme v mnoha
ohledech zavazani yam. Bu-
dete podporovani plnou silou a
moc1 tohoto naroda. V1tezstv1,
ktereho dobudete, Dude v1tez-
stv1m celeho naroda = spoiled
ne vSemu lidu.
Odnasfte S sebou nadeji, d.
veru, vdecnost a mobility sve
rodiny, svych spoluobcanG a
presidenta.
(Podpis)
Franklin D. Roosevelt.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Pozar znicil tovarnu.

Tivarna O dvou poschodlch
rozkladajfcl sc ma celem NEST
skem ctverci, patriot Superior
Steel Door and Trim korporaci
v Queens, ktera PRAGUE ma va
lecnych kontraktech, byla mi
cena ohnem. Ami zp1sobena
skoda, AMI pIvid ohne nebyl o.
znamen.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
Umackan presem.

August Dispense, 45lety, byl
zamestnan v tiskarne Rapid
Roller Co. v Chicago, a tam mu
byla chycena ruka mezi valce,
vtazena do presu az pc rameno
tax, re "a kratko vykrvacel.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17

22lety porucfk Mac G. Lewis,
instructor ma letisti Randolph
Field, byl zabit pri zflceni Sc
cvicneho letadla, z nehoz Gale
TT kadet John HI. Van De Ven
ter bezpecne seskocil S pada-
KEN.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17

V Sinner pozarem velice by
la poskozena tamn1 lekarna
Sinner Drug Store. Prlclna
pozaru nenl mama.
Telegraf. [volume] (Baltimore, Md.) 1909-1951, 1942-04-17
2 voienske skoly " Austrii.

Podd1stojnik: eco byste de
lal, kdybyste 0 pdl noel slysel
troubit alarm"
Recruit: "Klel bych, pane
feldvebl."
Evening star., 1942-08-19
Communique
Text of Announcement
Of Dieppe Attack

LONDON, Aug. 19.-A CON-
n1uniQue on the Dieppe raid from
the headquarters of combined op-
erations in the European theater
OF operations said today:
Troops taking part in the raid on
the Dieppe area have landed at all
points selected.
Heavy opposition was encountered
in some places, and on the left
flank one landing party was in
stantly repulsed but reformed and
later carried the beach by assault
Troops on the right flank having
achieved their objective, which in
cluded complete destruction of q
six-gun battery and ammunition
dump, now have been embarked
In the center tanks were landed
and heavy fighting is proceeding.
The military force consists mainly
Of Canadian troops.
Also taking part are British spe-
cial service troops, a detachment
from a United States Ranger bat
talon and a small contingent of
fighting French.
This force was carried and escorted
by units of the Royal Navy.
Air support and protection on a
large scale is being provided by
bomber and fighter aircraft of the
Raj in the face of considerable
enemy resistance.
A further communique will be is
sued later.
Evening star., 1942-08-19
Strong Attacks Renewed
By Reds, Germans Report

BERLIN F'rom German Broad
casts, Aug. 10 (P).-Despite heavy
losses, Russian troops have renewed
strong attack on the Rzhev and
Vyazma fronts, northwest and
southwest of Moscow, the high COM
mand said today.
1t declared the Russians were
lashing out in "serried masses" but
reported the onslaught broken by
the tireless attacks of German in
| fantry and tank divisions in CO.
operation with the Luftwaffe = = ~
A communique said the Red air
force also made nuisance raids
which caused number of alarms
in east and West Prussia last night
There were slight casualties
among the civilian population" the
war bulletin said, land some dam
age was done to buildings. The
enemy lost two planes"
The high command said the Red
Army continued its local attacks
southeast of Lake linen and on the
Volkhov front, but reported slack
ening of activity in the Voronezh
area, where Russian attacks had
been reported earlier.
IN the Voronezh area" the wal
bulletin said, there was only slight
local activity. During heavy, sue
cessful defensive fighting between
August II and II the enemy lost
1851 prisoners, sol tanks, 81 guns
and $50 machine guns and trench
mortars."
Evening star., 1942-08-19
BruziI
Continued From First Page J

Continued From First Page.)
one OF the ships, participated in
many of the demonstrations In the
city of Juiz de Fora about 100 al
legged Axis sympathizers were ar
rested.
The German and Italian Ambas-
sadores and some other Axis diplo-
mats still were in the city, two days
after their exchange ship had been
scheduled to sail. The sailing was
Cancelled, apparently because of the
U-boat attacks.
The new Chilean Ambassador to
Brazil told crowd that Chile
stands in solidarity with Brazil and
condemns the barbarous aggression
Brazil has suffered"
Evening star., 1942-08-19

man tanks and about 800 Hitlerites
our troops retired to new defensive
positions" it said.
Coupled with the announcement
of these developments less than
80 miles northwest of Stalingrad
was a statement that German and
Rumanian forces-reported yester-
day to have been driven back several
miles in an action above Kotelni-
kovski, itself 95 miles southwest of
Stalingrad-again went over to
the offensive"
Soviet soldiers were declared to
have slain 900 men in a fight for
a village in that hill-dotted region.
Bodies of 1900 Germans who
crossed the Kuban River in the
Krasnodar region were reported to
have Uttered a cornfield after a
one-hour battle with the Cossack-
paced defenders of the Western
Caucasus. Counterattacks routed
Nazi battalion in another action,
the government said.
Stiffening of defenses before
Grozny oil fields was indicated.
Pravda said the Russian Black
Sea fleet, forced to use bases on
the Caucasian coast because of the
Nazi occupation of the Crimea,
still was operating and attaining its
objectives despite raids by German
air squadrons.
Novorossisk and Batum probably
are used by Soviet warcraft for
servicing and refueling.
Evening star., 1942-08-19
Power Production Shows
S|iqht Gain for Week

P the Associated Press.
NEW YORK, Aug. 19.-The up
trend in electric power production
was resumed in the week of August
Is after a slight drop the previous
week, the Edison Electric Institute
report showed today.
The institute reported energy dis
tributed in the week ended last
Saturday was 654,795 900 kilowatt-
hours, compared to 1857, ,07O,0O the
previous week and 3,238, ,160, 900 in
the corresponding period of 1941.
The Pacific Coast showed the
greatest regional gain over 1941
electric use, 25.5 per cent, compared
with the national average of 1873
per cent. In the Southern States
electric output was up 219 per cent.
Other regional advances compared
with year ago were Atlantic,
81 per cent; Rocky Mountain, 83
per cent; central industrial, 7.3 per
cent; New England, 62 per cent,
and West Central, 4.3 per cent.
Evening star., 1942-08-19

was downed off the English east
coast this morning.
British Spitflre pilots, accompanied
by Canadian and American Eagle
squadron fighters, raked hundreds
of miles of Nazi-occupied France
yesterday in a series of virtually
nonstop raids.
An American, Don Blakeslee OF
Fairport, Ohio, fighter commander
of the Eagle Squadron, shot down a
Focke-Wulf 100 in a fight over
Northern France. Blakeslee previ-
ously had won the Distinguished
Flying Cross while fighting with the
1st Canadian Fighter Squadron.
Railways Attacked.
The weather was perfect for flying
and the raids were carried out along
the occupied coast from LIE Havre tc
Ostend. One formation attacked
railways near Abbeville on the
Somme.
The sweeps began early, one
squadron tearing through forma-
ton of Focke- Wulf 1905 and de-
stroying a Heinkel lis float plane
and damaging two others.
Three British planes were missing
from the days operations.
The Germans made series ol
small-scale daylight raids on Britain
bombing towns In the southeast anc
southwest coasts. A number O.
fatalities was reported.
Evening star., 1942-08-19
Newspaper Advertising
Gains 6.5 Pct. in july
Py q ASeociated preee

RS tfe Associated Press,
NEW YORK, Aug. 19.-Newspaper
advertising in July showed a gain
over last month and also over July,
1941.
An index in printers Ink" out
August 81, will show that newspaper
lineage in the United States was 6.5
per cent higher in July than in June
and 0.6 per cent above July, 1941
July actual lineage declined less
than seasonally normal, Printers
Ink will say.
Farm paper lineage in July was
1877 per cent higher than June and
8.8 per cent more than in July. 194l
Magazine advertising in July in
creased 1874 per cent over June but
was IA per cent below July, 1941
The Journal said publishers were
optimistic concerning the future
and that early fall issues were doing
as we'll if not better than last year
The magazines general advertis-
ing index, covering five media for
June, shows an advance of 81 per
cent over May but was 79 per cent
below June, 1941. The 1912 halt
year was 86 per cent under the COM
parable 1941 period.
Evening star., 1942-08-19
Chicago Livestock

CHICAGO, Aug. 10 lP-tUnited st,t.,
Department of Agriculture )-Salsbie Soss
IO,,Ng 10000 total. l35oo; slow; weights ASj s4o
pounds down, steady to 10 lower: weights
above 240 pounds and sows fully STEADY:
good and choice 1S0-240 pounds. I4S5.
1905; top, 1910; 240-7O pounds. il so
50; 2T0-360 pounds, 14.25-65: good and
choice sows $50 pounds down, I4i5-35:
330-40O pounds, 13.90-l425; good 44s1
800 pounds. l340-l4 90.
~, salable sheep, 1000: total. 1000; late
native spring lambs. 1925: bulk good and
choice lots, 15 yD0-l5: good 97-pound fed
yearlings, l2,l0; today's trade: Little earlv
trading; most bids on native spring lambs
at 10 90 and down. slightly lower: asking
fully steady or around 1928 for best kinds:
other classes steady: odd deck good fed
$50 down. S'
=, salable cattle; $4,000: calves, roo; fed
steers and yearlings steady to Is lower;
good to rear choice offerings mostly 1918
on; trade fairly active; top 1855. paid for
choice to prime Nebraskas: several loads
I60o-35; liberal supply sold at 1875
1872; comparatively little here under
1879: stockers scarce, firm: liberal supply
lower best heiters; 1880; active, arm
trade on COWS. bulls and vealers: cutter
COWS 70 80; most fat offerings. 9.75-
1l,00: heavy sausage bulls TO 10 Oh: veal
ers freely at 15.o0-50.
Evening star., 1942-08-19
Washington Produce

BUTTER-93 score, tubs, Al 1-pound
prints, 44l2; A-pound prints, AS; 92 score,
tubs 42H2; l;-pound prints, 43; H-pound
prints, AZ; H-pound prints, 42H2; 80
score. tubs, AZ; 1-pound prints, 4212: "
pound prints 43: 80 score, tubs. Al u;
l-pound prints, ~: A-pound prints, 42H2
y -pound sso5d prinf, tn6s a 1pound prints 4l
LIvEsTOCK-Calves, Is; spring lambs
EgE and Live Poultry Markets.
From the Agricultural Market Admin
istratlon. Prices paid net fob. Wash
EGGs-Market steady. Prices paid for
grading stations august 19) Whites
Y. 8: extras. large, 43h-45; average. As;
U. s.. extras. medium, 3S1a-4O; average,
80; U. s.. standards, large. 3Sh-41; av-
erage. 39h: u. s. standards. medium.
35-3S; average, 35Ea; U. s. trades, 1894;
average. 33. Browns. U. s. extras. large,
42R average 43h; u S. extras, me
dunn, 3s12-39; average, 80; U. s. stand
ards. large, 3S-40; average, 3sR: U. S.
STANDARDS medium, 34,37; average, IS;
U: s. trades, ~. Nearby ungraded eggs.
current RECEIPTS: Whites. 32-33; mixed
sPioi sPsded eggs. $50 csses aeeep's' Government
LIVE EPOULTRY-Market steady. Fowl:
Colored, 5 pounds and up. 21-22: under 5
pounds, 1920; Leshorn hens 3Ha pounds
and up, 1915; No. IS, 1O-11 BOOSTERS
1915. Chickens: Delaware and Mary
land, Rocks and crosses, broilers and
1ryers, all sizes, 2s; No 2s, 90 Reds, %
27;, Leehorns %. Turkeys: Young toms
and hens, %.
Evening star., 1942-08-19
u. S. Sugar Corp.
Votes Dividends
In Advance
BI the Associated Press.

BY the Associated PreSS.
NEW YORK, Aug. 19.-Therell be
little reason to guess at preferred
stock dividend payments by the
United States Sugar Corp. for nearly
a year-they've been declared in ad-
vance.
Directors of the company yester-
day voted four regular Accent pay
ments on the series "A' preferred
stock, payable September 10 and De-
cember 10, 1912, and March 10 and
June TO- 1913. to stockholders OF
record on the 25th of the month pre-
ceding those dates.
Also declared in advance were reg
ular quarterly payments of SIPS q
share on the SIS preferred, to be dis
bursed October Is of this year and
on January IS, April Is and July Ii
next year to holders of record on the
second of those same months.
In the first half of 1912 the com
pany paid two regular Accent divi-
dends on the series "a" stock and
two participating dividends of Il
cents each.
Evening star., 1942-08-19
$400,o0o,000 Funds
Of Federal Reserve
Banks Released
New York and Chicago
Units Are Permitted
To Reduce Reserves
By the Associated Press.

os lie ASSOCidted fTeSS.
Because a partial shift of the Ma
tion's money to war industry To-
calities has cut the lending power of
New York and Chicago banks, the
Federal Reserve Board today re-
leased $400,000,000 of reserve funds
in those two cities.
Unobligated funds for loans or in
vestments in New York and Chicago
had declined almost steadily from a
peak of $500, 100000 in 1899 to about
$50, 100000 Banks in all other
cities, however, were we'll supplied
with about $2,000,OOO, 900 in idle
money, technically called excess re-
serves.
Effective tomorrow, New York and
Chicago banks are permitted to re-
duce their reserves on demand or
checking account" deposits from 26
per cent to "a per cent. Elsewhere
such reserves vary from IA to 20 per
cent. Time or savings accounts are
not affected.
Procedure Explained.
This means that whereas today a
New York bank must put into re-
serve S26 out of every demand de-
posit, tomorrow it need set aside
only $24. The remaining $76 is free
for lending or investment. Most Of
the $76 already has been invested,
but there will be 81 more free money
for every 500 deposit than there was
yesterday.
The banks probably will invest
most of their newly-freed funds in
Government securities, but board
officials said this was not the pur-
pose of the order.
The board acted under a new law
by which Congress specifically au-
thorized reserve changes in New
York and Chicago, without CORE
/ spending changes elsewhere. For
merly, the board could change re-
serves only on uniform percentage
basis throughout the country.
Board Policy Reversed.
The reduction reversed a policy
bIle T TcucIdl rbeScINc DUAL u HAS lOl-
| lowed most of the time since 1886 of
| increasing reserve requirement for
the specific purpose of keeping
banks from having too much idle
money on hand. In 1886, the board
got authority from Congress to dou-
bic reserve requirements lest banks
make excessive loans with their idle
funds to an extent that might cause
imitation.
The reserves were doubled in a
series of steps until in 1888 they
were reduced about 8 per cent in
connection with the business reces-
sion. The defense program brought
new fears of imitation and in 194l
the reserve requirements were put
back at the top limit by law.
Except for New York and Chicago,
the requirements. are still at the
legal limit. Federal Reserve officials
have expressed informal opinion
in the last year that the board ought
to have power to double the reserve
requirements again If conditions
warrant.
Evening star., 1942-08-19
Wholesale Hardware
Trade Tops Year Aqo

NEW YORK, Aug. 19.-An aver
age gain in sales volume of per
cent was enjoyed in June, 1912, by
majority of the wholesale hardware
houses in the United States, Hard
ware Age reported today.
For the first six months of this
year the increase was 26 per cent
over the same months in 1941, for
the 361 reporting wholesale hard
ware distributors.
Inventories, based on reports of
235 houses, in all parts of the coun-
try were per cent less, in June,
1912, than in June. 1941. The aver
age inventory showed a decline of S
per cent from May, 1912, to June of
this year. Collections on accounts
receivable, for $40 reporting houses,
in June, 1912, were per cent higher
than for the same time last year.