davidaulloa/AmericanStories huggingface dataset:
Evening star., 1944-01-23

when he formed an investment
partnership with J. Clifford Folger.
A former president of the Bond
Club, he has been chairman of the
Southeastern group of the Invest
ment Bankers Association, vice
chairman of the financial section of
the District War Finance Commit
tee and is a trustee and treasurer of
the Family Service Association of
the District. He is also a governor
of the National Association of Sc
curities Dealers and member of the
Executive Committee.
Miss Krieg Veteran Banker.
Miss Catherine NJ Krieg, first
woman officer in the Riggs National
Bank who was elected an assistant
cashier at the annual meeting, has
Evening star., 1944-01-23
d Bank HOLDINGS
Of j. ). Bonds
Mount Here
S133,111,000 Increase
Recorded in Year;
Looms Show Drop
BY EDWARD C. STONE.

Due mainly to the active part
N Washlngtons % banks are taking
II IN helping finance the war, these
s institutions increased their holdings
V OF United States Government obliga-
y tions by S133,111 900 during 1943,
" the controller of the currency an
nounced yesterday. Government
securities at the beginning of the
year totaled s283, 900, and stood
at $416,259,000 on December 81
after being up to S430,O31 900 on the
call Of October 18.
The same banks experienced a
drop in loans during the year of
$11,735,0 ,000 dropping from sl18,524,-
1000 year ago to S106, ,789 900 on
December 81. Total investments.
however, were up $126, 1905 900 during
l943, rising from S3O6,889 900 to
S433, ,694, 900. Assets were also sub
stantially higher, S761, ,72O, 900 COM
pairing with $657 ASS, 900 a year ago.
Demand deposits, or checking &C
counts, advanced from $403 SGT 900
. to s455, $4,000, jump of s51 ,961 ,0OO
Thrift was indicated by an upturn
of $l0,251 900 in savings deposits, the
total of $l30,834 900 on December 81.
1912, reaching Sal, ,O85 900 in the 12
= months. At the same time the
ssCapital's banks increased surplus
and raised their aggregate undivided
profits from S10167 900 to s10,533,-
@=O00, the survey stated.
Exchange Committees Named.
80 James Parker Nolan, new presi-
dent of the Washington Stock Ex-
change. yesterday named these i'm
portant standing committees for
the coming year:
Membership, Y E. Booker. George
M. Ferris, William c. Coe; listings,
Mr.. Nolan, Edison B. Olds, T. Baker
Robinson: business conduct, Joseph
K. McCammon, James M. John
ston, Myles H Quail, Austin B.
Rohrbaugh, Paul P. Rodler: audit
ing, James c. Dulin, jr; Joseph P.
Kreeger
Mr.. Nolan follows Mr.. Olds, who
Evening star., 1944-01-23

S e + V e q t W {
t e I m S as eX
change preSl-
dent. Mr.. Nola,
was born her
S t u d i e d a
Georgetown Law
school, was {
lieutenant il
the Tank Corps
in the Worlc
w a +, in t h {
State Depart
nent from 1911
to 1924 and wit
t h e Nations
City Co. from
1924 to 1887
Evening star., 1944-01-23

oped innovations still in use.
In 1929 she became secretary to
President Robert V. Fleming. When
he was president of the American
Bankers Association and chairman
of the ABA Committee on National
Legislation, Miss Krieg did much
research work for him and attend
ed many ABA conventions.
Miss Krieg is graduate OF
Washington Chapter, American In
Stitute of Banking, and attended
five national conclaves as a dele
gate. She was five times a winner
in essay contests conducted by the
District Bankers Association. Rules
prevented her from further compe-
tition.
Resources at All-time Peak.
Resources of the First Federal
Savings & Loan Association reached
an all-time peak on December 81
of Sl5.213,665, an increase of nearly
S3,oO0,000 during the year, Carl H.
Ellingson, executive vice president,
rercrted at the annual meeting. The
g NtIlltIlG ollOWCu SA,fGo,ooo III NV
o.nment securities and $l1,741 900
il mortgage loans.
A. E. Geigengack, head of the
Government Printing Office, was re-
elected president. All other officers
were retained. Directors are c.
Nylie Allen, Leon S. Gordon,
Thomas j. Groom, Marion E. Poole
Harold E. Shelters, M. B. Swanson
and Emery j. Woodall.
Heard in Financial District.
The Safe Deposit Section of the
District Bankers Association will
meet at the Lee Sheraton Hotel
Tuesday evening at $50.
The District Building and Loan
League will hold the January
luncheon at the Mayfower Hotel
Tuesday noon.
q w. j. Vaught, for nine years man
ager of the Washington Office of
Investors Syndicate of Minneap-
oils. has joined the Guardian Life
Insurance Co. staff. He is a past
+ president of the Civitan Club and
Northwestern graduate.
Theodore w. Cook, Army Air
Transport Command, and formerly
District manager of the National
Life of Vermont, has just been pro-
noted to major.
The squander bug dimes on the
Evening star., 1944-01-23

Sales. PUBLIC UTILITIES
81 800 Capital Traction 1st IS 1e47
Evening star., 1944-01-23

had wide bank
! n e experience.
Born and edu-
Gated here, she
has been with
the bank since
1920. Her first
position was in
the Liberty loan
d e p a r t m e n t,
later serving in
the stenograph-
iC, mail, out-Of-
town collection
and foreign eX-
change depart
ments. In the
1atter S1on Seve1-
Evening star., 1944-01-23
RustIess Iron Votes
REGULAR Dividends
BY the Associated Press.

By the Associated Press.
BALTIMORE, Jan. 22.-Directors
of the Rustless Iron g. Steel Corp
declared the regular quarterly
dividend of 621s cents per share on
the preferred stock and Is cents a
share on the common. both pay
able March to stockholders of
record February Is.
Evening star., 1944-01-23

TUnt of trading 10 shares sales printed in full
IN bankruptcy or receivership or being
unoer bankruptcy ACT. or securities assumed by sue
are annual disbursement based the last quarterly
cal or extra dividends not included * DIVIDEND
9 Paid last year. payable in stock . Declared o,
paid 50 far this year. Payable in Canadian funds
Evening star., 1944-01-23
WEEKLY SUMMARY OF THE NEW YORK STOCK EXCHANGE

WttK tNDIN1 SATUKUAY, JANUARY IS, I944.I
Quotations furnished by the Associated Press 5,
1943-44 Stock and Sales Net lA
Evening star., 1944-01-23
Commodity Prices

NEW YORK, Jan. o2-Thea Associated
Press weighed wholesale prices index Of
35 comm ODDITIES today advanced TO los so
Previous day. 106.4l: week ago. LOG 90:
month ago. 106. A; year ago. 104.50
1a43-44 1912 1871 l93p-4o
High - 101.54 1892 a512 1928
Low l0343 95; 81 77.03 63.7s
1929 average eouals I00)
Evening star., 1944-01-23
Capital Securities
tOver the Counter.)

The following nominal bid and asked
over the counter as OF Friday have been
assembled for The Star by WASHINGTON
members OF the National Association OF
Security Dealers Inc.
Evening star., 1944-01-23

The squander bug dimes on the
dollars you fritter away. But he
can't digest Fourth War Loan Bonds.
The more you buy the worse he
feels.
-,
Evening star., 1944-01-23
Washington Stock EXCHANGE

(Reported by ". B. Hibbs Co, washington, D. c.
BONDS NpsO 'N'hoD'No FRIDAY JANUARY 81 .noro,
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Bob Clifton Dies
In His 82nd Year

Robert Clifton, 81, for many years
a member of Local 79, New Haven
Carpenters, died at the New Haven
Hospital Sunday after an illness OF
10 days. Funeral services were held
Wednesday at 2 PM. at F. M. Wal
ker funeral parlors. Members of No.
70, sang two songs. Interment was in
Beaverdale Cemetary.
Clifton was born in Gloucester,
England May "a, 1868, and came to
this country in 1884. He became an
American citizen in 1890 in New
Haven. He became a member of
Lodge No. Fl of the United Order of
American Carpenters and Joiners in
1890 before the United Brotherhood
came into existence. He was a men,
Der of the Second Company, Gov
ernor'S Foot Guard.
Because of failing eyesight, Clifton
had not worked regularly at his craft
for some IS years. During all these
years he had the answering care and
help of John A. johnson, business
agent of No. 70.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
NewReferendum
Real Possibility
Large Locals Which Voted
Against Retaliation,
Now For 1t

SEATTLE-A new move to re.
affiliate the Init. Typographical Unior
with the ALL, initiated by Seattle
Local 202, is meeting with growing
response, officials report.
Already such large locals as
Chicago, Philadelphia, Baltimore
and Detroit, all of which produced
majorities against Fertilization i'm
referendum last year, have in
dorsed the proposal.
In the 1913 referendum, the third
in five years, Fertilization was reject
ed 24,591 to 1886.
In the petition circulated by the
Seattle local, it is pointed out that
the 1913 ALL. convention as
sured the I.T.U. that, if it reaffili-
ated, its autonomous rights would
be fully protected. There was not
sufficient time before the l943 re-
ferendum to acquaint the mem
bership with this fact, the petition
reads.
The petition also requires I.T.U. in
ternational officers to make individual
recommendations with respect to re.
afiliation if the question is resubmit-
ted.
Under the I.T.U. constitution, in
dorsements of $50 locals are necessary
to force a referendum. Backers of the
Seattle petition predicted that the
necessary Endorsements would be il
shortly.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
To
Play Big Role In
ace-RoOsevelt
F.D.R. Sends Message To
Conference Marking Cen
tennial Of Movement

WASHINGTON, ID. C.-Presi+
dent Franklin ID. Roosevelt told
representatives of % nations, in
conference here that t'the co.
operative movement, which be-
longs to no one nation but has its
roots in the traditions of all demo-
cratic peoples is one of the appro-
pirate instruments to be used in
any effective handling of the re-
lief and rehabilitation of the vic.
TINS of Axis aggression" More
than 80 million of the worlds
hundred million Coop members
were represented by the 90 dele
gates from % nations present at
the conference.
In a letter addressed to Murray
D. Lincoln, president of the Coop
erative League of the U.S.A., spon-
sors of the two day Conference or
international Cooperative Recon
struction, the President said:
eft is fitting that the centennial
of the establishment of the truly
democratic Rochdale principles is
being celebrated by a conference
of the Committee on International
Cooperative Reconstruction.
''The weavers of Rochdale who
founded modern cooperative en-
terprise balanced independence
with interdependence, self-interest
with good will, and action with
foresight. Any effective handling
of the problem of the relief and
rehabilitation of the victims
Axis aggression must be based
upon these same considerations.
The cooperative movement, which
belongs to no one nation but has
its roots in the traditions of all
democratic peoples, is therefore
one of the appropriate instru-
ments to be used in this task.
81 look forward to the success
of your conference and to the
contribution that the cooperative
organizations throughout the
world will make to the years of
peace that lie ahead
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Splendid Record.
In Bond Buying.
Made by A.F.L..
Electrical Workers And
Machinists Each Buy
100000 In 18th Drive

Reports thus far received by the
Treasury from the American Fed
Grafton of Labor indicate that
American wage earners are again
taking a major role in Bond buy
ing.
The American Federation of La
Dor set its own overall goal for
the Fourth War Loan at 5000, OOO,-
600, according to Gilbert Hyatt,
chief of the labor section, War
Finance Division.
Washington headquarters of the ter
big A. F. of L. national unions and
two departments have already bought
with their own union funds, $4,165,-
600 worth of Bonds. Thousands Of
locals have yet to report.
A. F. of L. purchases at
Washington headquarters of ma
tional unions alone include the
following:
International Brotherhood of
Electrical Workers, $l,OOO,OOO;
Teamsters Union, 100000;
brotherhood of Carpenters and
Joiners, 100000;
International Union of Hold
Carriers and LabOrers, $780,
900;
International Association of
Machinists, ST 200, 900;
United Association of Plumb
ers and Steamfitters of North
America, 100000;
International Brotherhood of
Book Binders, $25, 900;
Bricklayers, Masons, Plaster
ers International, $l55 900;
International Union of Oper-
ating Engineers, $4,000;
Pattern Makers League of
North America, $4,000;
National Federation of Post
Office Clerks, $4,000;
American Federation of Gov
eminent Employees, $4,000;
International Association of
Fire Fighters, $4,000.
Impetus for the current drive has
been lent by the four all-labor ma
tional and regional breakfasts spon-
sored by the US. Treasury.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Scott Reelected
By Hartford Gu
For Sixth Term
George Watson Named Fol
Secretary And Frank
Bausola For Treasurer

Sen. William A. Scott was elect
ed to his sixth term of office at
the annual election meeting of the
Hartford Central Labor Union.
Aside from his duties as CL.U.
president, and secretary of Brick
layers. Masons and P1asterers'
Local No. l, Senator Scott is es-
pecially active in the political and
civic affairs of Hartford. He is a
member of the Maintenance De
partment, vice-chairman of the
Hartford Housing Authority, a
member of the Treasury War
Bond Committee, director at large
of the Hartford Community Chest,
and member of the Red Cross
board of directors.
Other officers elected include
the following: Vice-presidents,
Thomas ]. Lynch and Henry
Couch; George Watson, recording
secretary; Frank Bausola, finan.
cial secretary; William WEIGH.
treasurer; Nicholas Yannone, ser.
geant-atarms.
Board of Trustees, Carmelc
Guardo, Edward McNally, Herman
Higibee, Carmine DiOorcia anc
Camille Vendrillo.
Executive Beard, Miss Sylvia
Sachs, James Dooley, Henry Dau
phinais, Paul Willnauer, Branch
Bradley, Gus Bochman and Viii
liam Morris.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Gu In Stamford
Seeks Members
On Ration Board
Labor Has Only One Rep
resentative; Galasso On
W.L.B. Panel

The Stamford Central Labor I'm
ion announced this week that it would
undertake a determined drive to have
representatives of organized labor
placed on the gas and tire panels OF
the Stamford War Price and Ration
ing Board At present George Lock
wood, business agent of the Carpen-
tiers, is the only labor representative
on the Board.
Ib a statement to THE UNION
TIMES, the C.L.U. said:
Organized labor in Stamford
is cooperating 1000 with the War
Price and Rationing Board, and is
anxious to extend its cooperation
even further. Since the Board dis
tributes the limited supply of
commodities we have, we feel that
all sections of the population
should be represented, as this is
the democratic way of operating.
eve cannot understand why
haven't given real representation
to- labor ON the Stamford Board,
and we trust this situation will be
remedied Immediately"
Sam Pagano, recording secretary
of the Stamford Central Labor I'm
ion, has been accepted by the Unit
States Army, and will leave for
active duty within the next 90 days.
Carl Calasso, business agent of
BARRIERS, Local 845, and a vice.
president of the Connecticut Fed
Grafton of Labor, has been ap
pointed to the War Labor Board
panel for the Stamford area.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19

sincerity is matched only by his ca
pacity for hard work. We congratu-
late Local 234.
SOME syndicates sent out fea-
ture material complete with head
lines. Recently the women's page
editor of the St. Joseph (MO.)
NesUs-Press caught this one before
it went to the composing room:
BOSS is MORE INTERESTED In
MAKING PROFIT THAN
SECRETARY
HARRY FEINMARk who, like
many labor leaders spends most of
his free time representing organ
lied labor in community activities,
has been elected member of the
executive committee of the New Ha-
ven chapter of the American Red
Cross.
HERE'S a story from Racine
(Wis.) Labor, that shows what
backbone wartime living can give
a person. 1t seems that the morn
ing mail brought a notice to a
Michigan renter from his landlord
asking that his property be va
Gated at once. Confident of his
rights under federal rent control.
the unruff1ed renter replied to the
point and truthfully:
''Dear Sir:
II remain.
yours truly"
THE WauPun (Wis.) Leader
NesOs did what most editors have
yearned to do and wrote this head
line for a local common council
meeting:
COUNCIL MET, MET, MET,
MET & MET
Well They Met Too Long, They
Didn't Waste Any of Your Money,
and Didn't Do Much
AFTER Jack Starr-Hunt, English
editor of Excelsior of Mexico City.
had left the office the Mexican
proOfreader called him to ask
whether the word ''landslide'' i'm an
election story was correct. Jack ar
gued that it was. A few minutes
later, the proofreader, whose knowl-
edge of English is limited, called
again and said:
You are wrong. / looked up
landslide in the dictionary, and it
says a portion of a mountain that
slips or slides down."
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
ARTICLE 8.
Office Workers
To Get Charter

MIAMI, FLA new international
union may soon be added to the grow
ing list affiliated with the American
Federation of Labor-a union com
posed of office workers which poten-
TALLY could be the largest in the
Federation.
The AFL Executive Council in
structed President Green and Secre-
tary-Treasurer George Meany to con-
fer with the officials of the Office
workers organization, now made up
of Federal labor unions associated
together in an international council,
and to issue an international charter to
them as soon as technical questions of
jurisdiction are Strengthened out.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Labor Conference Constitution Is Ready
Labor Seeks New
Formula On Wages
AF.L. Members OF W.L.B. Say Little Steel" YardstcL
Does Not Cover Living Costs-Ask Petition
To F.D.R. Urging Modification

'sWorkers of America can.
not rely upon price control as
it now functions to preserve
their standards of living. The
only recourse left to them is
to obtain wage rate increases
which will adequately compen-
safe them for the ever-widen-
ing disparity between wages
and prices
With that statement as their
battle cry, A. F. of L. members
and alternates of the National
War Labor Board have served
notice that the Little Steel for
mula must be strapped.
They demanded that the full
board petition President Roose-
welt forthwith to revamp the ex-
ecutive order i'm which he imposed
that formula as a hard and fast
rule on the nations workers.
Under the formula, adopted back in
August, 1912, workers are limited to
wage increase of not more than Is
per cent above the levels prevailing
in January, 1o41. But the laborites
pointed out that even official govern
ment figures show living costs have
risen nearly "a per cent since that
date-and that the true advance, as
reported in an exhaustive study made
public last week by organized labor
has been 43.5 per cent.
For a long time workers sub
mitted to the Little SteeT' yard
stick, the laborites said, in the vain
hope that the administration would
live up to its promises to hold and
roll back the cost of living. ALI
such hope has now been aban-
dOned. The injustice of the Lit
tie Steel'' ceiling is now SO glaring
that it must be junked, or work
ers' morale and war production
will seriously suffer, they declared.
They demanded CD that the Presi
dent realistically modify" the form
ula so that workers may be fully com.
pensated for the skyrocketing of liv'
ing costs, and (2) that employers bt
permitted to apply such increases
without getting prior approval of thu
War Labor Board.
Signers of the petition were
George Meany, Matthew Woll, Rob
ert ]. Watt and James BrownlOw.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Meriden Chosen
For Convention
OF P. @. Clerks
Sen. Maloney, Rev. Shortell
Chief Speakers-2OO
To Attend

The Rev. Thomas E. Shortell,
ST., who is associated in the con-
duct of a School for Workers at
Holy Cross college, will be the prin-
cipal speaker at the convention
banquet of the Connecticut Fede-
ration of Post Office Clerks,
ALL, to be held in Meriden on
Saturday, February 20.
Others who will speak will in
clude us. Senator Francis T. Ma
Ioney, of Meriden; Leo E. George,
national president, of Washington,
ID. c.; John T. DriscoIl, national
vice-president, of Providence, r..
L.; Postmaster John ]. ScanIon and
Mayor Francis r.. Danaher.
Associated with the Institute of In
dustrial Relations at Holy Cross,
Father Shortell, in recent statement,
in which he defended the idea of la
Dor unionism, said:
"An injustice is an injustice
whether it exists in labor union or
in the management of a company
Both types are a part of the labor
question"
Father Shortell recently replied to
Westbrook Pegler, New York col
umnist, saying he favors democratic
unionism, with capable and honest
union leaders, and hopes for harmony
and cooperation in union-manage-
ment relations.
Father Shortell is expected to speak
on the same subject when he address
es the postal clerks at their conven-
ton.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Vinson Retreats
OnPaylncreases
For Three Plants
Approval Acts To Prevent
Explosion On National
War Labor Board

A smashup in the National War
Labor Board has been averted by
a strategic retreat" on the part of
Economic StabiIizer Fred Nj. Vim
son.
Several weeks ago the continued ex-
istence of the board was in doubt.
Vinson at that time threatened to
override a series of aircraft wage de-
cisions which the board had handed
down, after months of elaboration,
to stabilize pay rates at three big
Curtiss- Wright Aircraft plants and
at seven others, involving close to
100000 workers.
VinsOn at first took the position
that the wage adjustments had ex-
ceeded sterilization yardsticks and
indicated he would veto them. Had
he gone through with the threat
he would have created a mess as
bad as he caused by messing up the
rail wage controversy.
Members of the W.L.B. got up
on their hind legs" They made it
crystal clear that if Vinson used his
veto power, there would be a blow
up, with wholesale if not unanimous
designations from the board.
Whereupon Vinson gave the mat
ter a second thought, decided appar-
emily that he shouldn't risk such col
lapse of the machinery for settling
wage disputes and belatedly gave his
"okay."
Thus a major test of authority
has ended with a victory for the
board, and its members are hopeful
Vinson will not agin seek to ''thrOw
a monkey wrench into the machin-
cry.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
POLL TAX RECEIPTS

HOUSTON, Tex.-HoustOn Ne
groes are conducting a drive to get
$4,000 poll tax receipts to insure their
participation in the Texas primaries
in event the us. Supreme Court de-
cides favorably in the Lonnie Smith
case now pending in Washington. The
Smith case seeks to overthrow the
Texas white primary.
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
Union Legion Post
In Guerrilla Drive

CHICAGO-Fighting mad because
many daily papers, radio commentators
and periodicals ARE poisoning the
minds of our fighting men at the
'front.' against unions, Chicago Union
Labor Post Jas of the American Le-
gion has pledged itself to conduct a
guerrilla campaign against mind
prisoners.
IF ever blow was delivered below
the belt, this is it." declared the labor
legionnaires, mostly AFL. Every
labor man knows that the columns of
the press are not open to us to defend
ourselves"
Not content to wait until service
men come home, Post Jas is beginning
its campaign now, through letters to
the boys in service, through appeals to
unions to keep in touch with 100000
servicemen who are unionists, and
through sending labor and progressive
material to men at the fighting fronts
If we are successful in our efforts"
the Post declares, ct will be the
character assassins who must answer
to the returning soldiers and not the
members of union labor"
The union times. (New Haven, Conn.) 1941-1948, 1944-02-19
3rdDistrict Unions
Meet In NHFeb. "a
Labor Temple Session To Concentrate On Planning For
Fall Elections Ward Clubs To Be Established
Legislation Up For Consideration
(See editorial, "Winning the Var" Page 3D.

(See editorial, "Wnning The VAR on Page 3D.
Final preparations for the meeting the United Labor
Legislative Conference of the Third Congressional District
to be held the New Haven Labor Temple on Thursday
February "a at PM, completed by the Conference
executive board at meeting held Thursday. ALL, CLO,
and Railroad unions i'm the District will send renresentaves
and all members of organized labor invited to attend