The Brooklyn Daily Eagle from Brooklyn, New York • Page 35

BROOKLYN DAILY EAGLE, THURSDAY, JANUARY 6, 1938 12 A Extremes Revealed In 1937 Chronology kansas, 65, majority leader, dies suddenly. July 15 President refuses compromise on court plan. July 22 Senate votes 70 to 20 to kill the Supreme Court bill. July 22 Senate overrides President's veto of reduced interest rates on farm mortgages. July 27 U.

S. Steel cleans up divi Oct. 14 W. W. Aldrich lays market break to Government restrictions.

Oct. 15 CIO and AFL plan peace parley. Oct. 18 President predicts Federal deficit for present fiscal year of $695,000,000. Oct.

18 Stock prices break 2 to 15 points. Oct. 19 Stocks dumped wildly, break to new lows; sharp rebound follows; 7,287.990 shares traded. Oct. 20 Stocks 1 to 10 points higher.

Oct. 21 Spanish loyalists lose last important port on Bay of Biscay when Gijon falls. May 24 President Roosevelt asks wage and hour legislation. May 25 "Little Steel" strikes Nov. 22 William Green, president of A.

of asks minimum wage bill be held for reconsideration. Nov. 23 President confers with, Wendeh L. Wilkie, president of Commonwealth Southern Corp. Nov.

24 Stocks down; Dow-JoneS Industrial Average at 113.64, new low. Nov. 26 Hitler accepts resignation of Dr. Hjalmar Schacht as German Minister of Economics. Nov.

27 Stocks in lively rally. Nov 29 President asks legislation to promote private building to extent of $12,000,000 to $16,000,000 in two years. DECEMBER Dec. 2 William Green, AFL. and John L.

Lewis. CIO, hold first meet dend arrears on preierrea siock. AUGUST Aug. 3 SEC promulgates over- the-counter rules. Ansr.

6 Senate asses Wagner- Steagall housing bill. Aug. 13 President nominates senator Hugo Black of Alabama to Court. Oct. 22 ICC grants freight rate Extremes and a varied pageant of pvents are revealed in the chronology i 1937, following: JANUARY Jan.

2 Britain and Italy sign accord for status quo in Mediterranean. Jan. 3 200 representatives of UAWA. CIO affiliate, vote strike in General Motors plants. Jan.

5 75th Congress convenes. Jan. 6 President Roosevelt suggests judiciary help make democracy successful." Jan. 8 President predicts layman's" balance of budget in 1938. Jan.

12 President asks passage of go.ernmental reorganization plan. Jan. 13 Wage rates in construction field at new highs. Jan. 18 White Hou.se intervention In auto strike sought.

Aug. 14 1JOW JOnes Iliuuamai Average recovers to 190.02. Aug. 17 Senate, by 63 to 16, confirms nomination of Senator Black start. A.

F. of L. declares open war on C. I. O.

Deutschland bombed by Spanish loyalists. May 29 German battleship May 30 Four killed, 84 injured in strike at Republic Steel plant in Chicago. May 30 George P. Baker, New York banker, dies aboard his yacht in Honolulu. May 31 German warships shell Almeria.

Spain, in reprisal; European tension high. JUNE June 1 Roosevelt asks legislation to plug tax loopholes. June 3 Duke of Windsor weds Mrs. Wallis Warfield. June 5 Acceptance of international patrol in Mediterranean calms war fears.

June 6 Strikes drop steel output to 75 percent. to Supreme Court. Aug. 21 Congress aajourns unci stormy session. Auc.

23 AAA sets cotton loans nw 9 cents a pound. increases expected to yield railroads additional $47,000,000 annual income. Oct. 27 Federal Reserve Board cuts margins on stock purchases from 55 to 40 percent; short sale coverage of 50 percent imposed. NOVEMBER Nov.

2 LaGuardia re-elected; CIO candidates lose in Akron and Detroit. Nov. 3 Nine-Power conference opens at Brussels to deal with Far East. Nov. 5 Dollar weaak against sterling: pound at Nov.

7 Italy joins German-Japanese anti-communist pact. Nov. 10 President Vargas of Brazil suspends constitution and sets up SEPTEMBER Sent. 2 British call parley of Mediterranean Powers in combat pirate" submarines, snt 9 siisar futures eain sharply; Wallace raises 1937 sugar quotas. ing in Washington; no results.

Dec. 3 Gold shipments top receipts first time in a year. Dec. 4 Federal Reserve Board further liberalizes Regulation T. Dec.

7 Lammot du Pont asserts business could provide 3.000.000 more jobs taxation fog was cleared. Dec. 8 Crop reporting board put 1937 cotton crop at 18,746.000 bales, the largest in history. Dec. 11 Italy withdraws from League of Nations.

Dec. 12 TJ. S. gunboat Panay sunk on the Yangtse by Japanese planes Roosevelt requests compensation and guarantee against further "incidents." London also aroused. Dee.

13 Japanese announce fall of Nanking. Dec. 14 Secretary Hull sends stiff note to Japan, ignoring earlier apologies. Dec. 15 For first week in three months no drop in steel operating rate, now at 27.5 percent.

Sept. 5 stocK prices on. wai June 13 John L. Lewis orders scare and labor unrest given as mine strike; demands Government causes. Sent.

6 Russia charges Italy with "disarm Tom Girdler." June 14 Senate Judiciary Com Mediterranean "piracy." Sent. 10 New selling hits Wall mittee rejects court reorganization Street: bonds decline. bill. June 14 Dow Jones Industrial authoritarian State. Nov.

10 Secretary Morgenthau asks cooperation or business with Government. Nov. 15 Congress in special session; President's message suggests tax relief. Nov. 20 Business slump here causing return flight of "hot money." Average at 165.51.

off 28 89. June 15 Republic Steel asks court to compel delivery of mail to be sieged workers. Jan. 19 Congress extends until June 30. 1939.

the President's power to dollar value. Jan. 20 Franklin D. Roosevelt inaugurated for the second time. Jan.

26 Ohio flood death toll 135; ropertv loss $3,000,000,000. Jan 29 TJ. S. S. R.

decrees death lor thirteen in "Trotskyist" purge. Jan. 30 Federal Reserve Board raises reserve retirements of member banks 33 1-3 percent. FEBRUARY Feb. 2 Court orders sit-downers to evacuate General Motors plants at Flint.

Feb. 6 President begins Supreme Court fight: stocks drop. Feb. 7 Elihu Root dies. Feb.

11 General Motors strike ends after 44 days; announces a wage increase of $25,000,000 annu-ily. Feb. 20 Wave of "sit-downs" Sweeps country. Feb. 24 Chrysler Corporation agrees to discuss UAWA bargaining rights.

MARCH March 1 Supreme Court upholds Congress- right to abrogate payments in gold. March 2 CarneKie-Minois Steel June 19 Spanish rebels take Bilbao. June 20 Martial law in Johnstown. closes steel plants. June 21 French Cabinet resigns; Chautemps heads middle-of-the-road government.

MORTGAGES Sept. 11 Cotton prices lowest since 1933. Sept. 12 Treasury "de-sterilizes $300,000,000 gold. Sept.

12 News stories assert Justice Black is still a member of Klan. Sept. 14 President prohibits TJ. S. Government-owned vessels from carrving arms to Far East.

Sept. 15 French franc falls to lowest levels in 11 years, 29.375 to the dollar. Sept. 20 Steel rate drops to 76.1 percent. Sept.

21 William O. Douglass succeeds James M. Landis as head of SEC. OCTOBER Oct. 1 Justice Black states he resigned from Klan.

Oct. 5 President Roosevelt pledges TJ. S. efforts to quarantine aggressor June 22 Governor Davey decrees martial law for Youngstown, Ohio. June 25 Steel mills start reopen Let us outline a mortgage plan to suit your individual needs.

We will gladly advise you without obligation. Call at either office, write or phone FOxcroft 9-1300. ing. June 29 France halts gold pay ments, suspends trading on Bourse. June 29 C.

I. O. appears to have definitely lost "little steel" strike. I June 29 "A plague on both your 1 houses." Roosevelt's comment in steel Th? Symbol of Safety nations in momentous Chicago speech. Oct.

6 Secretary Hull announces U. S. will join nine-Power confer controversy. June 30 French franc off gold drops to 3 84. JULY July 6 Simultaneous Atlantic HAMBURG SAVINGS BANK crossings by British and American airliners test commercial possibilities.

I July 11 Clash between Japanese ence to consider Far eastern situation. Oct. 8 Prices drop on huge cotton crop forecast. Oct. 11 Ogden L.

Mills, former Secretary of Treasury, dies. Oct. 12 President calls Congress to special session Nov. 15; outlines five-point program. Fulton Street at Crescent Myrtle Avenue near Knickerbocker and Chinese troops; China prepares for war.

July rT-July gold imports July 14 Senator Robinson of Ar Corporation, largest subsidiary of U. S. Steel, signs C. I. O.

contract. March 4 U. S. Steel Corporation announces price advance of $3 to tS a ton. March 8 Chrysler auto workers Bit-down in Detroit.

March 10 Dow Jones industrial stock average 194 40. peak. March 15 Strikers ordered from Chrysler plants by court. March 17 Five U. S.

Steel units Jn contract with C. I. O. March 22 Chief Justice Hughes opposes President's court plan. March 25 Strikers quit Chrysler plants by agreement.

March 28 William Green, president of A. F. of warns labor AT YOUR SERVICE Modern Safe Deposit Boxes Foreign Exchange, Travelers' Cheques INTEREST BEGINS DAY OF DEPOSIT 183rd Dividend Jan. 1, 1938, at 2 per annum, for quarter ending Dec. 31, 1937 KINGS COUNTY SAVINGS BANK 539 Eastern at Nostrand Ave.

Open Mondays to 8 p.m.) 135 Broadway, at Bedford Ave. Open Mondays to 7 p.m.) ANSWERING every SAVING NEED Ever since 1830, the South Brooklyn Savings Bank has leen serving the of this community providing security and earning power for depositors offering advice and special aids in thrift problems ami helping to finance many of Brooklyn's homes. Today the South Brooklyn Savings Bank provides security, convenience and courteous, efficient service to more than 60.000 depoMtors, who have over on deposit. I Our present surplus and reserves total over 10,000,000. against sit-down.

March 29 Supreme Court upholds Washington minimum wage law, Frazier-Lemke- moratorium act and bargaining provisions, railway labor act. March 30 Domestic copper price Jumps to 17 cents a pound. APH.IL April 2 Uniud Mine Workers and operators sign two-year agreement, increasing wa4es $85,000,000. April 2 Roosevelt inveighs against bifh prices of steel, copper and other ba.sic commodities. April 4 Federal Reserve to protect Government bond prices through open market operations.

Vie ill Im- happy to serve you. OFFICERS Oldest Independent National Bank in Brooklyn April s. nr.c sin im. April 7 Prices of lead and copper break abroad. 9 French franc fails on runi.ir U.

sold price cut. April 12 --Wagner labor law up-ttcla by Supreme Court 5 to 4. 19 Steel activity 91 percent; tonnage a record. April 20 Britain enacts tax on profits for rearmament. April 23 Government launches anti-tnt-t snt against Aluminum Company of America.

Stock market breaks Secretary LEWIS G. DEANE Assistant Vice-President CHARLES A. JtRGENSEN Assistant Comptroller JOHN H. ROBERTS Assistant Secretary DAVID C. OAI.7IEL President D.

IRVING MF AD Vice-President WILLIAM H. CART Ice-President nd Treasurer BERNARD A. BLR'iER Vice-Preaident ud Comptroller PERCY H. MARTIN I i 11 ill I p-iintri on Roosevelt's new a nnrUie price ad- j.i adop's perma- 1 warm Title" Apr TRUST DEPARTMENT SAFE DEPOSIT VAULTS SPECIAL INTEREST DEPARTMENT FOREIGN EXCHANGE TKl STEES Fester Smith Henry C. Turner Lewi W.

F'rancis Percy H. Martin Clifford E. raice I homafl H. Beardsley II Edward Dreier Russell T. Starr Joseph D.

Allen Raymond F. Samoa John Gemmell. Jr. Edward Spery Rodney C. Ward Robert I- Pierrepout Charlea B.

Denny J. Morton Halstead D. Irvine Mrad William H. Carr Bernard A. Bnrcer la -v.

MAY G'-rmun in a' Lakes' rei.rt Miarp in bank, credit. 12 lieuruc VI crowned Kins; pelm May alio a fclAV SOUTH BROOKLYN SAVINGS BANK IfirorporatrtJ MAIN OFFICE; ATLANTIC AVENUE COURT STREET 18th AVENUE OfTICE: 18th AVENUE 6Sth STREET York. THE PEOPLE'S NATI0IA1 BANK OF B'KLYN QUINCY STREET and RALPH AVE. Ciitnnu'rcial ami 4 Jink Acctmnl Snlirili'tl Mrnbfr Federal Deposit Insafanr Corporation uid Emperor Wesiniin.v.er Abbey. Mav 17 Supreme Court upholds Louisiana chain tax on ba.is of units throughout nation.

Mav 13 Justice Van Devanter. "8. svnioiiii.es he will retire. Mav 23 John D. Rockefeller Sr.

dies a' Ormond Beach. at 97. XVL.l ll II in. social security act Is constitutional.