davidaulloa/AmericanStories huggingface dataset:
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31
MONTANA G. OF c. TAKE
NOTICE PLEASE

The Chamber of Commerce of
the City of ST. Louis, one of the
largest chambers of commerce
west of the Mississippi. has en-
dorsed MVA as the proposal best
suited to assure a complete and
efficient development of the re-
sources of the Missouri valley.
Ex-senator Richard, longtime Re-
pubi:aa-. leader In the Missouri
state senate, and a member of
the St. Louis c. of c., has been
named to head up the drive for
funds for MVA in ST. Louis and
the balance of the "show me"
state.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31
THE old GUARD WILL
never learn
By RUSS NIXON, UE-CIO

/
The old guard never learns. Even
after the elections when the Republi-
can party held hearings on profits,
this was the lineup-of % witnesses,
seventeen were big industrialists or
their representatives apologizing and
excusing the high profits, and five
were critical of high profits. This
happened before the hearings of the
Subcommittee on profits of the
Joint Committee on the Economic
Report. This sub committee is
chaired by Republican Senator Elan
ders of Vermont and the Republicans
organized the hearings. Evidently,
the elephant not only never forgets,
the elephant never learns.
Can't Hide Facts
Big business paraded it's fanciest
spokesman in these hearings to try
and cover up the about profiteering
that has caused initiation in America.
All the fancy talk, however, couldn't
hide the following facts:
1. Since 1910, in nine years, Amer
lean industry has taken out 1902 bill
lion in profits.
2. This 2O2 billion dollars in prof
its in nine years means that every
American family on the average had
a burden of $4,000 profits to cover
either through high prices or high
taxes.
8. At the end of 1948, profits are
at the rate of $35 billion a
year. Prices which are so high above
cost make possible this unprecedent-
ed profit level.
This is the statistical total of all
the profiteering involved in too high
prices for milk, meat, refrigerators,
houses, etc.
4. In 1913 profits of American
amount to approximate
y $3.50 per family.
The companies organized by UE |
Are right in the swim. The real meas
Ire of profits is how much return
Ices the owner get on his investment.
N GE, for every 500 invested, the
profit in 1913 is nearly $31 before
axes. GEES total 1913 profits of
S217, 100000 amount to about
Il, 900 on every employee.
Those who invested in Westing-
louse in 194s are getting about $13
eturn on every 500 invested. Prof
is before taxes on each Westing-
louse employee in 1913 amounts to
1850.
Philco, is making in 194S approx
imately $40 profit for every 500
invested. Philco profits before
taxes on each employee in 1948
amount to $1,535.
There isn't a company lawyer or
professor company stooge
ancy enough to talk away these
rofit figures.
Such profits not only mean that
JE workers can and should have a
wage increase but mean that sub
tantial wage increases must be had
depression caused by such profit
eering is to be stopped.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31

hands of a very few people?
Are you an unwilling part
ner in monopolistic price goug-
ing?
If you carry life insurance,
the chances are 10 to / that
you have aided Americas economic
royaIists get where they are = and
are helping them today tighten their
grip on our economy.
The complaint filed by the United
States Department of Justice against
II large investment banking houses
in the East Morgan, Stanley q Co.;
Kidder, Peabody & Co., Drexel q Co.
and others) charging them with anti
trust practices in handling securities
also pulls the curtains back on oper-
atoms of the nations life insurance
companies.
The complaint charges that there
is an agreement between the bankers
and the big life companies under
which the life insurance companies
are increasingly limiting their indus
trial security investments to issues
handled by the IL large investment
bankers. The complaint charges that
this agreement was made December
5, 1871, confirmed May 5, 1912, and
that the bankers were given list
of 27 insurance companies, owning
87.8 percent of all the assets of life
insurance companies in the U. s., to
whom direct or group allotments OF
securities should be made. In other
words, the 27 companies were to be
counted in the deal.
The life insurance companies
agreed, according to the complaint
that they would increasingly limit
their investment of insurance funds
to the securities put out by the in
vestment banking group in the fol-
lowing ways:
Refrain from bidding on securities
offered for sale at competitive
bidding.
Refrain from soliciting issuers to
sell through private placement,
and reduce their purchases
through private pidSShiOHU'
Refrain from agency purchases OF
securities.
Reduce substantially purchases of
securities from any bankers ex-
cept the II who were parties to
the agreement.
This cozy agreement has lot
more meaning than just deal be-
tween some bankers and insurance
companies to work together to sew
up a lot of business"
1t is the pattern for concentra-
ton of economic power.
The governments C 0 m p
against the investment bankers
charges that they have an arrange
ment among themselves whereby
each is to "achieve and continuously
maintain an effective degree of in
fluence and control over the finan-
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31

cial and business affairs of issuers'
of the securities which the invest
ment banking group puts on the
market.
In other words, the complaint
says:
The investment bankers maintain
control over the corporations for
which they sell securities.
The insurance companies have
agreed to increasingly limit their in
vestments of insurance funds to
those securities which the II big in
vestment bankers offer for sale.
Thus, the industrial investments
of the nations huge life insurance
companies are being limited to those
corporations dominated by Morgan
Stanley & Co.; Kidder, Peabody &
Co.; Drexel & Co. and their fellow
defendants in the government COM
plant. See list of defendant COM
panies accompanying this story.
The life insurance companies are
the largest gatherers of capital in
the nation.
In 1947, there were 100000
life insurance policyhofders in the
United States. They paid $685.
100000 (BILLIONS) in premiums
to life insurance companies. More
than half of all. of this enormous
sum was retained in the insurance
companies. (Policyholders and other
beneficiaries got less than $1,000
100000 (BILLIONS) back from the
insurance companies last year,
Thus, half of the people in the
United States (72,000,000 of u.s.
aided in increasing the assets of the
big life companies about $780,
100000 last year. And those life
insurance companies, the govern
ment says in it's complaint against
the investment bankers, are increas-
ingly limiting their investment of
funds to the securities offered, by
Morgan, Stanley & Co. and their 16
fellow defendants.
The 1947 accumulation of assets
IN life insurance companies is not
all the money they have to invest
lust one years increase in their total
accumulation.
Life companies have been amass-
ng capital at an enormous rate in
he last 40 years - doubling their
,otal assets regularly every 10 years
since 1906. Here's how the total
assets of life companies have grown:
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31
Views (3,oStg1 {, Raise $l2,5oo
In MVA Drive

Officers and directors of the Montana MVA Association will
Helena, Saturday and Sunday January for
what will probably be the meeting the history
the association, Richard Shpman Brooks president Mon
tana MVA Shipman made his announce
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31

Not all of these assets are invested
in industrial securities through the
investment banking houses. State
laws require the companies to keep
CONTINUED from Page Four)
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31
By BEN STONG
lid the huge mon

Did you help P Morgan and others build the huge
opoes in the United States?
you helping finance purchases mergers
industries the
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1948-12-31

We will have powerful allies. Much
has to be done with these in the
way of conference, planning and CO.
ordination; this means time and
travel and lot of it. MVA forces
now have abundant information in
the way of engineering data, eco
nomic studies and factual findings
on social trends. All this must be
carefully co-ordinated, and put into
presentable form. Equally import
ant is the organization of political
Continued on Page Three
Montana farmer-stockman., 1948-04-15
Patterns 20 cents each

Send pattern orders direct to Chicago! The address is Montana Farmer
Stockman, Pattern Bureau, $50 South Wells Street. Chicago, Ill. This pat
tern bureau in Chicago has been established in order to give you faster e.
turns or your orders for patterns and the style book. Do not send orders
to Great Falls as that will only delay delivery Of patterns to you.
April Is. l9484l
Montana farmer-stockman., 1948-04-15
Summer Clothes for Tiny Folks

Right No. s3o1-Pretty and
oh so practical summer clothes
for tiny folks. Drawstring
dress and bonnet for sis-sun-
suit for a boy or girl. Sizes 1,
2, 3, 4 and 5 years. Size 2,
dress, 115 yards of 35 or 80
inch material; bonnet, II
yard; sunsuit, IS yard.
Below. No. 1888 "A smart
frock for juniors with interest
ing yoke treatment repeated
at the hipline. Sizes IL, IL, 10,
IA, 16 and 18. Size IL, AS yards
of IS or 39-inch material.
Evening star., 1948-03-06
answered for the medical profession

answered for the medical profession
now.
'The medical profession. having
participated in the conference OF
1898, which was in no sense of the
word conference, cannot be con-
demned il it views with reluctance
a call for a similar assembly, par
ticularly In an election year and
particularly just before the major
political parties will be drafting the
platforms on which they propose to
seek public support"
The editorial said the 1898 con-
ference was overwhelmed with
agencies promoting nationalized
medicine in the form OF compulsory
sickness insurance as the one answer
to the medical problem"
In another article the Journal
said MANY physicians do dodge the
making Of calls on patients in the
late hours of the night or early
morning." in commenting on recent
complaints Of this nature from
many sections of the country"
Some cities, the Journal reported,
have set up machinery for meeting
the demands for emergency medical
service "a hours a day through a
physicians telephone exchange.
Few Actually Urgent.
The exchange maintains a list Of
physicians willing to make calls at
night or to respond to the calls Of
persons unknown to them.
Actually comparatively few might
calls are so urgent that harm would
result from postponing responses
Evening star., 1948-03-06
Medical Journal Sees
Propaganda Stigma
On Health Assembly
~ the Assoe;oted Press


CHICAGO, March 6.-The Jour-
nal Of the American Medical Asso-
citation said today the National
Health Assembly called by the Gov
ernment for May Ia "bears all the
stigmas-political and propagandis-
tic-that accompanied the National
Health Assembly of 1885,"
Oscar r. Ewing, Federal Security
Administrator, called the assembly
to meet in Washington. The Jour-
nal said 10 of the "A persons named
on the executive committee Of the
assembly "haye previously been as
sociated with propaganda in behalf
Of compulsory sickness insurance y
Only one of the "A is q physician,
the Journal added.
In Washington, Mr.. Ewing quick
ly replied:
"At the time the first members
Of the Executive Committee were
announced, I indicated that we in
tended to have additional members
on the committee. Since that time,
we have received acceptances from
other persons, including DR.. Edward
l.. Bortz, president. and DR.. r. L.
Sensenich, president-elect of the
American Medical Association"
One Subject Of Many.
with regard to national health
insurance" Mr.. Ewing said, lit is
an important subject-but only one
OF many that properly comes within
the scope Of such an assembly.
Il cannot believe the rank and file
of the medical profession is so op-
posed to national health insurance
as to make them unwilling to sit
down with their Government and
fellow citizens in an attempt to
make progress in noncontroversia
fields such as medical research,
medical education, hospitals, local
diagnostic clinics, local health Off
GERS, mental health, nutrition, ETC."
rs the new National Health As
sembly to be simply another sound
ing board for a leftist medical pro-
gram?" the Journals editorial asked
These are questions that should be
Evening star., 1948-03-06

until morning." the Journal said
Nevertheless, the patient who suf-
fers pain or the mother who is
frightened over a condition in her
child that she does not understand,
is little interested In explanations
as to the percentage of emergency
calls that are not really emergen-
cies."
The Journal quoted the principles
Of ethics which read:
"a physician is free to choose
whom he will serve. He should,
however, always respond to any re-
quest for his assistance in an emer-
|gency or whenever temperate public
opinion expects his service"
Evening star., 1948-03-06

AZ, of 40 Peabody street NV. in
May. 1916, when she was hit by
one of the company's buses at Four
teenth and K streets NV.
Mrs. Darrow suffered leg and
back fractures and other injuries.
At the time OF the accident, her
husband, who Is . court stenogra-
pher, was with the War Department
and working at the Nuremberg
trials in Germany.
Evening star., 1948-03-06
Woman Injured by Bus
To Get S45,oO0 Settlement

After more than one week of trial
in District Court, the Monumental
Motor Tours, Inc. has agreed to
settle for $4,000 for injuries suf-
fered by Mrs. Howard B. Darrow,
Evening star., 1948-01-15
By George Beveridge

By George Beveridse
Ralph (Cookie) Kahn, New York
pearl manufacturer and self-pro-
claimed champion Of the down.
trodden, gave a party in the May
flower Hotel last night for an old
friend, Eddie Mcdowell. The party
was repayment in part Of 14-year-
old debt.
The host and guest Of honor
greeted reporters before the party
began and told their story.
In 1884, when Mr.. Kahn was
stranded penniless in Sacramento,
Calf, Mr.. Mcdowell, street flower
peddler at the time, ''befriended me
and staked me for four months"
the host explained. Then they
parted.
Mr.. Mcdowell said he worked for
awhile in the flower business IN
Portland, Oreg., then returned to
settle In San Francisco. A small,
b4-year -old Irishman, he nodded
happily at Mr.. Kahn and said, "the
years treated him better"
Kahn Grows Prosperous.
Mr.. Kahn pointed to the full
dress suit he was wearing and COM
mented that prosperity came to him
last year with the opening OF his
artificial pearl factory.
my biggest problem now" he
said, "is making enough pearls"
Picking up their story again, MIR.
Kahn said he received letter from
Mr.. Mcdowell about two weeks ago.
$50 got on the phone and told
him to drop everything and come
to New York." Mr.. Kahn said.
81 did, and got there by plane a
few days later" his friend put in.
"Now we're all set" Mr.. Kahn
continued. He said he plans either
to keep Mr.. Mcdowell in business
with him "or maybe set him up Tor
himself"
Mr. Kahn said he has been help
ing unfortunate people" all his life.
In fact, he said, he met Mr.. Nc
Dowell during trip to Sacramento
to get tickets for some friends in San
Francisco to q ball given by the
California Governor, Frank F. Mer-
riam.
"The tickets were all free, but
they ran out before they got to San
Francisco" he explained.
Mr.. Kahn said he was named last
month as q member Of the Old
Time Locality Mayors, Inc, an or
eanization of private citizens In
New York City who are cited for
extraordinary service to . fellow
man." Mr.. Kahn said his nomina-
ton came after he instituted . Ma
tiou.wids solicitation for funds that
Evening star., 1948-01-15
Sfassen Asks Control
Over Food Hoardinq
And Consumer Credit
Dy The Assosiotsd Press

SALT LAKE CITY, Jan. Is
Harold e. stassen today resumed
his rapid-fire speaking schedule In
. Western States bid for the Re-
publican presidential nomination,
with stops planned In six States
before he returns to Washington.
Mr.. Stassen In . press conference
last night denounced the Truman
tax program AZ "unsound" and ad-
vocated some specialized controls
to combat high prices.
Two major, new steps to curb in
hation were advocated by Mr.. Stas-
sen, who said he believed Federal
tax income can be reduced by only
5000, ,000, 900.
Taxes should be cut q bit on In
dividuals, he declared, "and there
should be some reduction of taxes
on small businesses and new busi-
nesses."
Two new powers to curb imitation
recommended by Mr.. Stassen were:
/. A new governmental power over
excessive food inventories as q
weapon against "hoarding."
z. Restriction Of consumer credit
to q limit over which . credit con-
tract could not be enforced In court.
The former Minnesota Governor
will speak at Las Vegas, New, to-
day and at Phoenix, Ariz., tonight.
From there his flying tour will take
him into New Mexico, Texas, Okla
homa and Tennessee.
Evening star., 1948-01-15

which will get under way within
the next month, he added.
Switching to pearls, Mr.. Kahn
said he had been q pearl man of
and on since 1928, when he bought
four strands OF imitation pearls for
81 and sold them for q 25-cent
profit.
He acquired his factory several
years ago but didn't get into full
production until last year, he said.
The Cookie" in his name, Mr..
Kahn said, has stuck since he used
to chase cookie trucks in New York
City as a kid. He Is AZ now.
The reason for the trip to Wash
ington and the party last night7
Mr.. Kahn said he brought his
friend here to attend the March,
of-Dimes ball on January 31-and
learned too late they had been dis
continued.
$50 we decided TO have a party
anyhow" he said. 1--WE invited a
lot of people we know and some we
don't know 80 well. And here we
are"
Evening star., 1948-01-15
|Muth Elected Head
OF Boys'cIub;; Eagan
Honored al Dinner

The Board Of Trustees Of the
Boys Club Of Washington at It's an
nual dinner meeting In the May
flower Hotel last night elected
George e. Muth president for the
coming year. Mr.. Muth Is president
Of the Geo. r. Muth Co., Inc, and
during the current year heads both
the Rotary Club and the Arts Club
of Washington.
More than. 100 people attended
the dinner meeting that featured a
surprise testimonial to Thomas L.
Eagan, president of the Boys Club
Of Washington for the last two
years. Mr.. Eagan received the
Boys Club distinguished service
medal and q scroll testimonial. A
wool replica of the medal, made in
one of the club woodworking shops,
was presented by boy members.
During Mr.. Eagan's administra-
tion the club acquired 41a-acre
tract of land at Wisconsin avenue
and 8 street NV, on which q
Georgetown club will be constructed,
and the 186-acre camp site in Fred
erick County, Md.
| Other officers elected included Dr..
| George e. McCann, vice president
in charge Of the Georgetown branch;
Rowland r. Reutlinger, vice presi-
dent in charge Of the Eastern
branch; E. K. Morris, vice president
at large: Woodrow e. Marriott, sec
retary and assistant treasurer; John
Hechinge", assistant secretary and
Oliver P. Gasch, counsel. Bruce
Baird, president Of the National
Savings g. Trust Co., was reelected
treasurer.
New Boys Club board members
Include w. Spencer Brenizer, T. A.
Cantwell, p. M. Deming, c. Lee De
Orsey, Dwight L. Harris, Maury
Heartneld, Coleman Jennings, VIII
liam j. McManus, Joseph r. Morris,
william F. Nelson, Maurice Palmer,
Lewis r. Potts, w. H. Rawley, John
Riecks, James Med. Shea, william
F. Stembler, and James H. Stout.
Elected to the board to complete
the unexpired terms Of members
who had resigned or died during the
last year were William s. Escavaille,
John Scharf, S. Greenhoot Fischer,
and DR.. Alfred G.. Mcdonald.
DR.. Chester D. Swope, chairman
of the Nominating Committee, pre-
sented the new slate of officers and
board members which was unani-
mously adopted.
The Boys Club Symphony Or
chestra and Concert Band presented
instrumental music during \, the
dinner.
Evening star., 1948-01-15
Man, SO, Faces Sanity Test
In Staying Of Wife, II
BY shs Assoeiatsd Prsss

GEORGETOWN, Mass, Jan. Is.
-An'88-year-old retired real estate
dealer was held for mental observa-
ton today in, what State Police 1t.
Raymond Foley described as the
'housecleaning argument" staying
Of his 77-year-old wife.
Judge Daniel l.. Cavan ordered
Fred r. Bangs held without bail on
q murder charge in district court
yesterday and continued the case
for . week. He directed the man
be subjected to mental tests.
1t. Foley quoted Bangs as saying
in . formal statement that he beat
his wife to death with the butt of
a shotgun when she threatened
him with the weapon after demand
ing he help her sweep the floor.
Medical Examiner Bagnall re-
ported the woman, Bangs third
wife, died Of injuries caused by
multiple impacts to head and
face"
Evening star., 1948-01-15
Capehart Asks Government
If Il Plans Paper Exports
BY the Asseeioie6 Press

Senator Capehart, Republican. Of
Indiana called on the State Depart
ment yesterday to say whether 1t is
considering the shipment Of some
American-made newsprint to Eu-
rope for use there"
He said in letter to Secretary Of
State Marshall that he has infor-
nation that such shipments are
under consideration.
Senator Capehart wrote that the
American press is largely dependent
on small imports from Scandinavian
countries to relieve a shortage here,
and added:
ut seems to me that we are en-
dangering one Of the basic principles
Of free government II we create q
condition that tends to stifie our
free press"
The Senator Is chairman Of the
Senate Small Business Subcommit-
tee on Newsprint. AS such, he
Evening star., 1948-01-15

resulted in the purchase Of a home
for a blinded veteran in Texas.
New Project Planned.
His latest project is construction
of an emergency home for evictees
and INDECENT" in New York City
Evening star., 1948-01-15
Mayor, Council to Meet

The Bladensburg Mayor and town
Council will hold a special meet
ing to discuss community prob
lens in the Bladensburg firehouse
at 8 pm. tomorrow.
Evening star., 1948-01-15

In one large United States auto
manufacturing plant, one in every
10 employees has some physical
handicap.
Montana farmer-stockman., 1948-02-15
Soils and Crops
Kalivpell Certified Seed Show
Proves Educational Value
By L MERCER

of legume that fail to make blue
or red tag because of color, sweet
clover content or low termination.
You have the letter of Jan. "a on
this action.
2. Each legume grower is respon-
sible for seeing that a representative
sample of his seed in-the-dirt is
taken at the time his seed is deliv-
cred at the cleaning plant. He re-
tains a portion of the sample, the
authorized cleaning plant gets a
Montana farmer-stockman., 1948-02-15
MONTANA SEED GROWERS
ASSOCIATION

The annual meeting of the di-
rectors of the Montana Seed Grow
ers association was held in Bozeman
Jan. 10 and 20.
F. A. Halverson, Lonepine, who
was reelected director for the west
ern district for ~1948-49, was elected
president, Eric Anderson, Regina,
who was elected director for the
northern district, replacing Fred
Westrum of Hinsdale, was elected
vice president, and Ralph D. Mercer
was elected secretary-treasurer.
Other directors are Milton c. Simp-
son, Volberg, and John Pfaff, Crow
Rock, representing the southeastern
district; Hans B. Erickson, Conrad,
representing the western district,
and A. H. Post, head of the agronomy
department, ex-officio member, rep
resenting the Montana agricultural
experiment station.
During the two-day session action
taken on several problems vas as
follows:
1. The use of the white tag on lots
Montana farmer-stockman., 1948-02-15
You Can Bet Your
Sweet Life

it's pretty easy
to slip off shingles
while doing a roof
repair job. To in
sure a hale, hearty
and longer life, it
is we'll to be sure
of the strength
and fastening of