davidaulloa/AmericanStories huggingface dataset:
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
THE CARNATIoN CLUB

Was NEUTRALITY-SUSPICIOUS. win
their husbands and nds-at the
home of Mr.. and Mrs. Willis OF
Preston avenue, where the club
gave an indoor picnic "A lovely
picnic supper was served Mrs
Willis. the president OF the club
added much sparkle 10 the gath
erins with her pleasant personal
ity and humor The next meeting
will be held at the home OF Mrs
Wallace Payne Of Waterloo street,
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
CaIifornians In Civ
For Months Visit

Mr. and Mrs. Ernest Smith of
Los Angeles. Calf, are visiting
relatives in the Motor City. They
are the house guests of their sis
ter, Mrs. Leila Smith, and brother.
Leonard Smith. Other relatives in
the city are Mr.. Smiths uncle, V.
OHara Leonard; his cousins, Mrs.
Cecile McGhee and Garther Leon
ard.
The Smiths will remain in De-
troit for months sojourn. From
Detroit they will visit other rela-
tivGs in Ohio before returning to
their home. Mr.. Smith is an en-
ployee Of the Post Office depart
ment in Los Angeles.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
Mr.. and Mrs. Reese
fete Son At Dinner

MARTINEZ, Ga.-Mr. and Mrs.
c. I. Reese entertained Friday.
Oct 9. at dinner party. The oc-
casion was In honor Of their son.
Harry d. Reese, Of Key West. Fla
The day was spent in telling and
listening to interesting experiences
OF service men who were among
the guests.
Invited were Tommie C Scar,
borough. OF the Pacific. and Mrs
Scarborough. Pfc. Wiley Cade of
the Pacific. Mr. and Mrs. James Nc
Cord. and Jimmy Scarborough Of
Charleston. S. C.. and the honor
guest.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21

Mr.. Mabls Smith. for the past
seven years president of the
American Beauty Social and
An Clnh. selAciHs the aid of
l4Y. s1d Mrs. Public In the col
lection Of gifts for ssrvicemen.
For six years. prior 10 last
year. the Club annually con-
friNuted TO needy families at
Christmas time. Last year. be.
cause the need was not so great.
the club contributed 500 gifts
10 servicemen stationed near
Detroit. This year they hope 10
undertake the same project
with the same or more success.
They take this opportunity 10
thank again those who donated
last year. Contributions will be
accepted h rous h contracting
Mrs. Smith nj TT. l.3S78. or
3s3 E. Palmer.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
CLUB TRESA

Met at the home Of Mrs Tillie
Higgins for social meeting
Eleven members were present and
enjoyed an evening of bridge
playing. First, second and BOBBY
prizes went to Miss Theresa Har-
riS. Mrs. Mary Woods and Mrs.
Brint> Ashford. respectively. Mrs.
Bessie Alexander won guest prize
A delightful repast was served by
the hostess. The next meeting
will be held at the home of Miss
Theresa Jenkins. 20480 Cherry
lawn.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
ID. III. WILLIAMS
HEALTH GUILD

~.
HEALTH GUILD
Will sponsor testimonial din
ner in honor of John c. Dancey.
director of the Detroit Urban
League. on Nov. Is, at the Lucy
Thurman YWCA.
THE AMERICAN BEAUTY
SOCIAL AND ART CLUB
Was entertained at the home OF
Mrs. Willie Nell Stewart. sos Rose
dale in honor of Miss Catherine
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
and Other Briefs

Smiths birthday. Bridge was the
pssttime OF the evening. Mrs Stew
art served a dainty menu in keep
ing with the occasion. The honoree
received many lovely gifts. The
next meeting will be held at the
home of Mrs. Dorothy Steiger, 438
Hague.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
THE JOHNSON CITY
SOCIAL CLUB

Met at the home OF Mrs. Lucille
Artist Thursday. Plans for a keno
party were completed. The party
will be given in November. Games
were played following the business
session and delightful repsst
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
VICTORETTES CLUB

Closed their membership drive
with an open house at the home
of Mrs Marjorie Lawrence. 6557
Woodrow avenue. Each Of the
club members wore a corsage and
acted as hostess. A formidable dis
cussion was held for ideas on how
to make the club more progress
sive. ..e meetintg was marked
by k:gh enthu: ISM. Flowers were
donated James LeGrand. The
clubs purpose is to build home
for the a. Mrs. Mary Smith IS
progr"m chairman; Mrs. Anna
Mae Hunter. president, and Mrs.
Julia J. Ross. club reporter.
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21

York: Kathleen Weiss from a visit
with her husbands family in Ala
bama; Ruth and Gladys Giles, from
New York; and Lucille Rosemond-
Davenport had returned only that
day from Fort Huachuca and Los
Angeles; the latter had many inter-
esting accounts to relate. @ she
had encountered many of the
stars"
The Michigan chronicle. [volume] (Detroit, Mich.) 1936-current, 1944-10-21
StOrer'S 4th President
To Be Installed Oct. %

HARPERS FERRY, Va. - DR.
Richard !. Mckinney will be IN
sugursted as fourth president Of
Storer college here Sunday. Octo-
Der y. pm. The ceremonies will
take place in the chapel Of Anthony
Memorial Hall OF he school. with
Or. c. Pitt Beers. executive Secre-
tsry Of the American Baptist Home
Mission Society. New York City.
delivering the address.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Sorensen Stock
Approval Sought
100000 WHY'S Shares
at s. Each Is Deal

TOLEDO, July IA special
meeting of Willys-Overland stock
holders has been called for July
u to ratify options for Charles
f. Sorenson to purchase 100000
shares of common stock at So per
share.
Option. If exercised. would re-
suit in an annual average reduc-
ton of 6 cents per share in book
value of common for five years.
based on the company's net worth
including postwar rehabilitation
reserves as of March 81, 1914,
Ward Canaday, chairman, stated,
Sorensen is to be elected presl-
dent and a director of WHY'S
Overland at a salary of $50, 900 a
year for 10 years. Canaday said.
Details of option agreement call
for Sorensen to have the right TO
purchase 10000 shares of common
stock on and after Jan. l, 1945,
al So per share and 22,500 shares
annually thereafter and prior to
Ian. |. 1850.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
New Gar Wood
Officials Named

Glen a BaSsctt, president of
Gar Wood Industries. Inc. an
nounced Saturday a reorganiza-
tion of the companys manufac-
turing Set-up designed both TO
case the transition to postwar
manufacturing and also 10 i'm
prove even further its output for
the army and navy.
The principal changes involve
the creation of the post Of vice
president in-charge Of manufac-
turing and the establishment of a
production control manager and a
general superintendent of the me-
chanical division. BaSSctt said.
Clinton w. Wood, formerly vice
president and manager of Gar
Wood Industries Plant 4. has
been named vice president I'm
charge of manufacturing. AlonZo
r. ketcham. formerly production
manager of winch war contracts,
will be production control man.
ager and will be responsible for
personnel management, machine
and departmental scheduling of
product manufacturing. Henry
Kvindlog has been made general
superintendent of the mechanical
division.
when Did You Last Buy n Bonde--
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Elected!
Retail Group Names
Chamberlain President

James A. Chamberlain Of Crow
ley Miner & Co. was elected
president of the Detroit Control
lers group of the Retail Merchants
Association for the 1944-45 year,
it was announced today.
c. j. Gladfelter of The Rollins
Co. was named vice president and
r. II. Stehfest of The J l.. Hudson
Co. Secretary-trcaSurcr at the
annual election
Directors voted in for the new
term include the new officers and
F. f. Logan, Kroger Grocery e.
Baking Co.; A. w. Wray, Himel-
hoch Bros. e. Co.; c. j. Buell., r.
II. Fyfe e. Co. and w. b. Man
chester, Crowley Miner e. Co.
-Whfn Did Nou Last Ruy A BOnd?-
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

u n corpora -. D. xhthAN
tons will be continued under the
name of Detroit Steel Corp, but
for operating purposes, will be
segregated into divisions.
HEADS MILL DIVISION
M. ]. Zivian. president of the
Detroit Steel Corp. has been con-
nected with that firm since its
inception in 1923. and now. at the
age of 40, becomes one of the
youngest chief executives in the
steel industry. J. B. Ribakoff.
former president OF Reliance. will
head the new Reliance Steel Divi-
sion of the corporation as gen.
eral manager.
General offices of Reliance, at
Cleveland, will continue as head
quarters of Reliance.
Joseph p. Pulte will be general
manager of the mill division in
Detroit, while Robert d. Kelley
will be president of the Craine-
Schrage Steel CO., a wholly owned
subsidiary OF Detroit Steel, also
with offices in Detroit.
The new officers of Detroit
Steel are M. j. Zivian, president;
j. B. Ribakoff and Joseph p
Pulte, executive vice presidents
Robert ID. Kelley, Philip p. Brown
and Anton G. Pulte, vice presi-
dents; Roger A. Yoder, secretary
and treasurer. The foregoing Off
GERS and Paul Friedman and
Jason L. Honigman comprise the
board of directors.
n Aax.u
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Farmers Market

FRUITS Cherries, Early Richmond.
No. /, $5a5.5o 24-pt. crate: Sweet 17& c
IN. Strawberries. No. ? grade. s. H-at.
crate. Raspberries: Black 74-qt. crate.
No. l. sli: Red. No. 2 grade, $40 74-pint
crate .s.c e, Curpsnts' Red $ is-qt. crate:
Greens: No. ]. seas bu. coilards,
rab. 75c msf dor. bchs. sorrel. sl.75d
81 bu. Spinach. No. 1, 81 IS 1s-lb. bu.
Swiss Chard, Toe "a 81 bu. Tunip Greens,
No. I, S1.25n1.50 bu. Mustard Greens,
No. I. s1.2bq1 so bu.
LETTUCE AND SALAD GREENS
Endive 81 soq2. bu, Escsrols,. fancy.
$50 bu.; No. 1. ual.2o. Leaf Lettuce,
SIC 10. Parsley, curly. sIg125 don.
bchs. Romano. s5a S0c bu
VEGETABLES. MISCELLANEOUS -
Asparagus. fancy. s1.75 doz. bchs.: No. /.
Si.25ql so. Beans. Green, $40 2. rs as-lb.
bu. Beans Wax. s2a7.75 2s-ib. bu.
Beets. so 75c doz. bchs. Broccoli, No l..
81 y bu Cabbage. Sn75c 4o:lb. bu,.
75c dor. bchs. caulinower, 81 dor. Gel
cry. fancy. s1.25a1.50 dor. bchs: No. 1.
eOc6l. Cucumbers. dollhouse. 1925 u
fancy. 81 doz bchs No. 1, sou soc.
Parsley Root. N@I25 doz. bchs. Peas,
.50M3 2s-lb. blu. Potatoes. No. 4,
81. o0@2.75 100 lbs. Radishes. red, No. I.
S161.2 doz. bchs. long white. fancy,
sl.2o doz bchs.: No. !, 75can. Rhu.
Italian. s3a3.bo peck basket. Squash,
Summer. s2d2.50 X bu. Tomatoes. hot
house. fancy, s. 14-lb basket: No. /. 81. so.
Turnips, No. 1, s0c@125 dor. bchs.
ECGs-Lsrge, $i1U12 30-dos. case
medium, 500 1880.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
rs War Role

But here is the story of the tri-
motors gallant war role.
II was s a. m. June 10 when Col.
Thomas M. Crawford. operations
officer for the Alaska defense
command received orders to rush
help 10 the garrison at Nome. The
navy reported enemy action in the
Boring Sea, with activity noted
around the island of St Lawrence.
Seven ships were headed toward
Nome, il was reported. Anti-air-
craft guns and crews had TO be in
Nome within "a hours.
Unfortunately the army had
only two large planes and one
small one TO do the job. More
planes had 10 be found-not small
pleasure craft, but cargo jobs
capable Of carrying heavy loads.
Col. Crawford, acting with full
consent Of his superior officers.
commandeered every commercial
plane IN Alaska and got a mis-
CellaneOuS assortment Of StlnSonS.
WacoS. BellanCaS, and two Ford
trl-motor transports
The rest oi Tho story is history
Pilots moved rs Jl-caiIbcr anti
aircraft guns 10 Nome that day
with crew members and officers
accompanying their weapons. AL
together that day 80 flights were
made, on each Of which The faith
ful numbering tri-motors ferricd
IS much a. six othCr hips com
hircd
The task was atFoup he'd IRIS
days, q task mat would have
required weeks hV sea. Pilots
made 2l3 flights augmcnt.ug tho
Nome force by = 09l men, - off
Gers ana Quantities ~ guns. am.
rnunitlon and military supplies.
" ben DID Yug Last HuV . Huud
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Uneven Trend
Rules Wheat
Oats, Rye and Barley
Gain Up to rs Cts.

CHICAGO. July l QNS)-
Wheat closed sc higher TO sc
lower today after moving nerv-
ouSly in a fairly active trade.
Prices were llSc higher al one
time. July finished sc of at
S1.57iq. against a high OF 81 IS N.
Oats generally was on the up
grade and scored gains ranging
to l%c before reacting partially
10 close sc TO 1Ssc up. July led
the advance and reached a high
of 777sc.
Rye finished &C 10 tc higher
after generally ruling higher.
Barley closed &c TO 1hc higher.
There were no cash grain sales
reported.
The Winnipe & market was
closed for a holiday.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Pre-ho|iday
Trade Dull
Changes Are Small; -
Douglas Gains Poin+)

NEW YORK, July 1 (UP -
Stocks moved through a narrow
price range in today's short ses-
sion with trading at relatively
slow pace.
Numerous Wall Streeters al
ready have left town for the ex-
tended July Fourth holiday and
those who remained were salts
fled to limit their activity to pre-
weekend evening up transac-
tions.
Prior to the opening of the
session the New York Stock and
Curb Exchanges announced sus-
pension from dealings OF the
listed Finnish dollar bonds on
their markets following the action
Of the u. S. Treasury late yester-
day in declaring Finland enemy
territory"
Only a few stocks broke out
of a fractional range. DougS
las was outstanding in the air.
crafts with a 1-point rise while
Aviation Corp. was a leader in
activity and rose fractionally to
new high for 1914.
Packing shares were featured
by a rise of more than a point in
Cudahy. Armour & Co., recent
favorite, rose fractionally to q
new high for the year.
-Solliers RuY War Bends To-
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
New Directory
Of Companies

The 1914 Directory OF Michigan
Manufacturers is now off the press
and available. the Michigan Man
ufacturers and Financial Record
Manufacturer Publishing Com
pany announced Saturday.
The third edition of this book.
il contains an alphabetical listing
OF Michigan firms. geographical
listing by towns and cities, and a
listing by products.
Information given includes plant.
address. products, ownership. zone
number and officers of each COM
pany
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Radial Engines

In an era OF daring, record
breaking flights, Ford tri-motorS
PLAYED a leading role. The nation, :
airlineS began their first sched-
uled flights with flying FordS. a
stock model tri-motor carried
Rear Admiral Richard F.. Byrd
and the late Floyd Bennett on
their polar expeditions, and tri-
motors carried passengers. mining
equipment and miscellaneous
cargo over the Andes in South
America and across the steaming
jungles of Central America.
Most of these ships still in Serv-
fee are now used in Latin Amer
lea. where the tri-motor's rugged
construction and its ability 10
carry heavy loads out of small
fields make II ideal for operation.
TACA operates Is Ford tri-
motors, powered by APO horse
power Wasp c / engines. Nine
are used in Nicaragua, four In
Costa RIGA and three in Hon.
duras. These IS ships few total
of 7S3, 4S4 miles and logged 9,192
flying hours in 1912.
Two Ford tri-motors maintain
regular scheduled flights less than
a half dozen hours by air from
New York City. Called the Island
Air Service, this small airline and
tour service. operated by veteran
Milton Hersberger and his wife,
Thelma. links Port Clinton. Ohio,
with Kelleys. Put-in-Bay. Middle
and North Bass islands in Lake
Erie. Since 1880 Hersberger and
his two Fords have served the
islanders well. carrying mail, pas
sengers. livestock. farm tools and
other cargo over a 70-mile circuit.
In 13 years he has missed flying
his route only half dozen times.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Wright Aero.
Income Ha|ved

Wright Aeronautical shipments
in 1913 totaled $579 22S, 172
against S419,545,679 in 1912.
The consolidated net income for
1913. after taxes and deductions
for postwar reserves, but before
final egotiation, If any,
amounted to So, 599,S 66. The net
income, after all charges, in 1912
was SS, 904, III.
The net for 1913 is after ST.
745,0 for postwar adjustments
against S4.922 900 in 1912.
---Invr-t IN Invasion: Buy n bond--
HOILINGER CONsOL. GOLD MINES
Six months ended June 30:
1914 1913
Net profit 81, 1876, o1e 81, SIS. iI3
Par share 21f JIG
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

Significant. too. is the fact that
the first tri-motor Was equipped
with Wright IA radial. aIr-cooled
engines. predecessor OF modern
radial engines such as the 1000
horsepower Pratt and Whitney
twin row WaSps now being built
by Ford
Evidence of the rapid strides
made in engine development is
the fact that one OF these Wasps
develops three and a third times
as much horsepower as the. COM
bined output Of the first tri-mo-
tors three engines.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Livestock Market

CHICAGO; July !. nNslmHocsm
d13.25; heavy weight. $1,000 1925; me
St13.25; light lights. ti1.75n12.75 pack
ing sows. s10.s5eD11. 10; pigs. $50 10 %.
CATTLE-i.500 steady. Calves-loo;
steady. Beef steers. good and choice. SIS
yesrlinFs. t13f17. Butcher cattle: Heifers,
silG17: sows. Si1.50a IL. so: bulls. 500
"a: calves. sea IS so; feeder steers. s116
IL: stocker steers, S10d13.50; stocker
cows and heifers, sed1275.
sHEEP-5,o00; steady. Medium and
choice lambs, et4f15: culls and common,
si2 Snn13b0; yearlings, f13q14: COM
mon and choice ewes, s5.50m7.5o; feeder
lambs Sf1ht4
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
.Kroger Declares
N-Cenf Dividend

Kroger Grocery and Baking
Co. has declared the regular
quarterly dividend of 80 cents on
common. payable September ! to
stock of record August II.
---M hen DID Nnn InN RnN a Knnds--
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
ACT AS TRUSTEES

These financial institutions, as
trustees for millions of members,
are the great owners of evidences
of corporate wealth. Thus. they
have an interest in destructive
business batting. on the one hand,
and in prudent fiscal and general
economic policies of government,
on the other.
Life insurance policies are long
term contracts and are intended
10 assure a contemplated quantity
of material well being in future
years TO beneficiaries or TO the
insured themselves in old age.
AS long as the solvency OF in
dividual financial institutions is
maintained. there is no question
as to their ability to discharge
their obligations in dollars in ac-
cordance with the letter OF the
contract.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Doubts Federal Rule
Boon to Insurance
Points Out Government Spending.
However, Gould Be Very Harmful
BY MERRYL STANLEY RUKEYsER
international News Service Economic Comments

the legal status of insurance of interest
to &c 100000 policyholders.
In holding that under the Sherman anti
Supreme Court recently reversed the 75yeared view
did constitute interstate
the court by congressional egs
before the ITSELF then federal
the insurance business will be In order
tilt the scales the balance between state and
federal jurisdiction n direction of Capitalization
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Complete Merger
OF Steel Firms
Detroit. Reliance Join;
Headed by Zivian 4

The merger Of the Detroit
Steel Corp. and the Reliance
Steel Corp. has been consum-
mated effective Saturday. BY this
merger. the country's largest nom
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Davidson Brothers
To Pay Dividend

Davidson Bros. has declared a
dividend of ia cents, payable July
"a to stock Of record July IS. The
previous payment was like
amount on April Is.
-xkhen Dtd Won asf Buy n R0uds
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

integrated pro-
Queer of cold
role d strip
s t e e I w a 8
m &c d with
one of the
largest ware
h on S n & and
p roce ssh n g
units In the in
dustry.
Business of
the two constit-I
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Dividends Declared
By Ford Of Canada

Ford Motor Co. of Canada. Ltd.
has declared a dividend of rs
cents on Class "A" and "B," pay
able Sept. 10 to stock Of record
Aug. rs. The same amount VIZ
paid in the previous quarters.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Parke.Ddvis TO Pay
N-Cent Dividend

Parke-Davis and Company has
declared a dividend of 80 cents
payable July 81 to stock Of record
July IS. A similar payment was
made Aprii %.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

TOLEDO CASH GRAIN
TOLEDO, July 1 GNSb-Cash gram
on track
wHEAT-No ? red. soft 81 5sIl dl57
CORN-No 2 yellow, 81 1919 No, 3
yellow, SlIaN
OATS No white. sOgslc: No. 3
white 70 SOC
-SnYHEAAS- No. yellow. S1qi
-soldiers Buy War Bonds, Too
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
What New In Business
Old Ford Tri-Motors Still
Delivering in World War 4

By WARD SCHULTZ

story World War IL is written they viii have 10
the products to put Detroit
on map,-the old Ford 1i-moor
1883 200 OF these allnetal craft
flown from the Ford Airport Dearborn More than 80 are
still flying
aiTpane acclaim than the FIRST rmotor
which made its bow 1896 with the slow haTd-to
military models used by commercial operators
Engineered by Bill Stout the first successful multi
arpanc built II hoasted daring
including ametal construction instead OF conventional
full cantever which eliminated all external
bracng, and muti-englne equipment
addition guinea pigs for many
and military
soundprooing ventilation, cowlng
metal propelerS, radio, brakes and large tires.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
Earnings

PACIFIC TELEPHONE TELEGRAPH
Quarter ended June 30
1874 le43
Net income S5,097 900 SIS. 395, 800
Per common share S1.57 81 %
Twelve months ended June 30:
Net income S2l .O34 0Ou $50, i91 40
Common share earnings $3.50 SO 80
SOLAR AIRCRAFT co.
Year ended April 30.
1914 1913
Net profit Ss4S 9ss S5i5,fi6
Per common share S2.57 Sl.52
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02
WILL AFFECT VALUE

To speak with the utmost can
dor. though the capacity OF fed
eral regulation to improve the
quality of insurance may be de-
batable, IL should not be over
looked that the behavior of the
federal government itself and its
policies will iH-the long run af-
feet the true value of life insur-
ance.
In a recent radio debate with a
labor economist, l pointed out
that through stock ownership and
otherwise. many corporate en-
ployes indirectly own share ir
the tools with which they work
This financial interest is evil
denced not only through the di'
rect holding of corporate bonds
and shares, but also indirectly
through the interests of 66,000,00t
life insurance policyholders anc
of As, 000, 900 savings depositors.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

HITS OTHER INSURANCE
Although the decision rested on
a case dealing with rate fixing by
fire insurance companies, the ques-
ton of federal jurisdiction also
applies to the life companies.
If federal regulation will make
life insurance more secure, this
is good news for the policy
holders, irrespective of what the
insurance lawyers and executives
may think.
On the other hand, state regu-
lation. especially in New York
and Massachusetts, which have
set the pace, has been, on the
whole. of a highly satisfactory
nature.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

IerN nay Mnx hon
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-07-02

,vest In Invasion: Buy a Bond-