davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
TAX REPORT SHOWS
TRADERS CASHED IN
Stock Operators Apparently Took
Profits, Despite q. 5. Income
Requirements.
Special Dispatch 10 The scar.

Special Dispatch To The Scar.
NEW YORK, April a.--The income
tax figures for che March quarter pub
lished yesterday throw some light on
happenings in the 1928 stock market.
They suggest for one thing that In spite
Of the relatively high surtax, a great
many investors and spectators took
their profits in stocks and paid the tax
rather than run the risk of the decline,
which they feared might come and
which would cause them to lose more
money than they paid to the Govern
ment. *
The $50, 600, 900 tax increase over the
March quarter Of 1928 was found upon
analysis to result from Wall Street
operations This would include taxes
paid on profits taken by traders in the
market as well as by those who carry
stocks for "a long pull" In fact, 1t is
known that some Of the biggest tax
payments have been made for the ac-
count of the leaders among the profess
sional element who have had such a
great part in churning up the markets
NAV change from week to week.
Undoubtedly income tax payments
were also heavy for representatives OF
the large banking and capitaliStic
groups. who felt after last July. when
the Federal Reserve rediscount rate
went to per cent, that the market
had definitely turned and that they
would be In better position with cash
than with securities.
In spite of the fact that the surtax
was reduced in 1926 from 40 per cent to
20 per cent, it is still high enough to
restrict profitaking. One of the rea-
sons commonly given for the ability Of
the market to stand up against so many
adverse conditions Is that thousands OF
large security holders are unwilling to
take their profits and meet the income
tax costs of such an operation
Many of them are holding on in the
hope that in another year or two the
surtax, which has already been reduced
so per cent. will be cut down possibly
to Is per cent from 20 percent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
RENTSCHLER KNOWN .
AS MAN OF DESTINY
New President of National City
Bank Has Fine Business
Record.
BY DAVID w. BOWMAN.

Special Dispatch to The Star.
HAMILTON, Ohio, April 3.-No one
in this town was greatly surprised to
learn that Gordon Rentschler of Ham
ilton had been made president of the
largest bank in the United States. AS
Mr.. Rensselaer, becomes head of the
National City Bank, in the merger which
welded this bank with Farmers Loan &
Trust Co., his old friends take it as a
matter of course.
From his early youth Gordon
Rentschler, six feet four inches tall
tense, muscular and highly energized
has been marked among his friends as
a man of destiny.
Known to the country as great
industrialist, manufacturing and market
ing machinery, his capacities as a
financier were not widely recognized
throughout the country. but his in
Inmates here have predicted for months
that some big shifts In the banking
world would land Rensselaer, some
where up in the front ranks of ma
tional financial leadership. They were
true prophets, as the $4,000 ,000, 000
merger puts him at the head of one OF
the largest three banks in the world.
Rensselaer,, who is A years old, was
graduated from Princeton in 1907. On
leaving the university he entered the
steel plant founded by his father,
amassing fortune before he went to
Wall Street. It was his effort to float
Miami conservance district bonds in
New York that introduced him to East
ern financiers. He became friend OF
Charles E. Witchell. who retires from
the presidency of the National City to
become chairman of the board of the
new merger. In 1921. Mr.. Mitchell sent
the young Ohioan to Cuba to represent
the bank during the sugar crisis there.
His success in that post resulted in his
elevation to the directorate, then to a
vice presidency, Of the National City.
For seven years Rensselaer, has lived
back and forth between Hamilton and
New York, retaining his country resi-
dence east of Hamilton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

gives the purchaser about rs per cent
of the stock.
Il the Railway Express Agency, Inc. ef-
fective March !, American Railway Ex-
press has been In essence an investment
trust with assets Of about $42, OOO, 900
In cash.
Adams Express has been holding
company since 1918, when it turned its
express business over to the American
Railway Express, which was then
formed to take over the operation Of
the businesses Of the country's leading
express companies.
The sale Of its holds In American
Railway Express leaves American Ex-
press with its business In travelers'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

Many people, two hours after
eating, suffer indigestion as they
call it. 1t is usually excess acid.
Correct it with an alkali. The
best way, the quick, harmless and
efficient way, is Phillips Milk Of
Magnesia. It has remained for SO
years the standard with physi-
clans. One spoonful in water I1eu-
tralizes many times its volume in
stomach acids, and at once. The
symptoms disappear in five min
uteS.
You will never use crude meth
DDS when you know this better
method. And you will never suf-
fer from excess acid when you
prove out this easy relief. Please
do that--for your own sake-row.
Be sure to get the genuine Phil
lips Milk Of Magnesia prescribed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
Glass.

CHICAGO.-Toledo is to be the
headquarters of the largest bottle man
ufacturing works In. the country, it is
said, as result of plans to merge the
Illinois Glass Co. with the Owens
Bottle Co. Assets will approximate
$50, 000, 900. w. H. Boshart, head of the
Owens Co., will be president of the
combined companies. Owens stockhold-
ers will vote on the merger April IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
FREIGHT LOADINGs GAIN.

BY the Associated Press.
Revenue freight loadings for the
week ending March 70 were reported
today by the American Railway Asso-
citation to have totaled e0,6ss cars.
This was an increase Of 3.23e over the
week and ago. was q, gain
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
ADAMS EXPRESS co
EXTENDS HOLDINGS


ny the Associated Press.
NEW YORK, April 3.--Adams Express
Co. has purchased the holdings Of the
American Express Co. lin tire American
Railway Express Co, It was announced
today.
The holdings OF the American Elk
press Co. In American Railway Express
amounted to about 36 per cent. which,.
added to Adams previous holdings,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
Textiles.

ATLANTA.--With announcement of
Goodyear Rubber Co. of still another
great fabric mill and spindle cord mill
at Rockmart, Ca, to cost $500 900,
five major industrial establishments Of
Goodyear, and Goodrich are now under
way in this section.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
Corn.

SPRINGFIELD, Ill.-The acreage
planted to corn in the corn belt States
Is expected to show reduction of
about l per cent, while planting Of
Spring wheat is expected to rise 7
per cent in the same territory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
Commodity Notes


NEW ORLEANS, April S.--MilIs Of
the Southern Pine Association report
that new business In the last week In
creased 2.68 per cent to 60,974, 326
feet. Production rose 3.76 per cent to.
46, 70I, 723 and shipments to 5000, It's
feet. Orders on hand total 21e,251 900
feet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
CAPITAL increase Approved.

NEW YORK, April 3 t4p). stockhold-
|ers OF Pillsbury Flour Mills, Inc, Mime
apolis, have approved an increase In
authorized capital to 1000, 900 no par
common shares from $50. 900 shares
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

In Chicago substitute elementary pub.
lie school teachers are paid 81 q day
high school, SO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

of 1854 cars over the corresponding
week of last year.
Miscellaneous freight ioadings for
the week ending March % totaled
398,378 cars, an increase Of 28,516 over
the same week Of 1928. Coal loadings
were 1850, decrease, 1854 scars:
grain and grain products, 42,071, de-
crease, 1876; live stock, 26,05O, de-
crease, 1888; loading Of merchandise
less than carload lot freight, 63.143.
increase, 2,579; forest products, 6s,467.
decrease, CTS; ore loading. II 1856, IN
crease 1888; coke. 12.l24s increase,
1,794.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

There are, ,3,2s5 students (day and
EVENING" in Brooklyn City College.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
GLEAMY WHITE TEETH
and q Sweet Breath

Try Phillips Dental Magnesia
Toothpaste Just once and see for
yourself how white your teeth be-
come. Write for a free ten-day
tube. Address The Phillips Co.,
lit Hudson St., New York, N. Y.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

by physicians for so years In COR
recting excess acids. Csc and soc
a bottle-any drug store.
milk of Magnesia" has been the
U. S. Registered Trade Mark of
The Charles H. Phillips Chemical
Company and its predecessor
Charles II. Phillips since 1875.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03
TRADING IS QUIET
At D. c. MARKET
Small Price Changes Re.
ported-SuppIies Are
Found Plentiful.

Only minor price adjustments were
reported today on the local wholesale
market for butter, meats and poultry.
Business was generally dull and buyers
cautious, although supplies were plen-
tiful
Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-03

Listerine ilnparts Q
sense Of cleanliness and
reutrAliges odors coming
from bad breath, bridge
work and artificial dem
lures. The large size Is
most economical.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
The Crime of Prisons

IT should not have required several fatal prison
outbreaks to lead to plans for expansion and MOD
ernization of the federal penal system report SUD-
r,ited to congress at the last session by committee
which visited federal penitenares revealed the need
for new prisons and new ideas.
The recommendations OF that body raise the ques-
tion of whether the administrations s5OO0OOO build
ing program is adequate.
More important than peace within the walls Is
the danger that our prisons discharge their inmates
in mood which makes them more dangerous TO
their fellows than they were upon conviction. TO
study law enforcement conditions and seek TO lessen
crime without tacking this problem is 10 put the
cart before the horse
New prisons-and better ones-are first neceS-
sitv But new system and attitude toward prisoners
also is essential. There should be real probation
system For lack of funds, only seven OF the ninety
two federal judicial districts facilities for placing
prisoners on parole under strict supervision 1t is
estimated that at least 5000 inmates Immediately
could be discharged on probation
Other reforms are necessary. Work should be
found Reasonable wages should be paid. and most
of the money should be set aside for maintenance OF
the prisoners families.
President Hoover should give serious thought to
the committees recommendations They are worthy
of study especially they go much further than his
own plans
The committee found that Atlanta and LeaVer-
worth and Mcneil can not accommodate more than
the present capacity now greatly exceeded. 1t pro-
posed two new pententaries instead OF one 1t urged
construction of work for short-erm prisoners
now farmed out to county jails hospital Tor al
hicted criminals narcotic farms and institution
for Juvenile offenders Such expansion. in the CON-
mittee's opinion. would permit classification and
segregation.
The congressional body did not exaggerate when
it called our federal prisons school for crime 1t
found prisoners doubling up in single, small cells
wherein the criminal instincts Of one accentuated
those of his cellmate."
It found men and women sleeping in filthy IL
ventilated Easements It found no separation Of old
and young, sick and well, hardened repeaters and
unreasonable first offenders Conditions in county
and state jails we're even worse.
Bad food. bad living conditions, bad surroundings
that is the story of prisons The wonder Is
that we have had so few jail breaks and mutinies-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
No More "All Aboard"

Here is a development about which something
really ought"to be done.
The Central Vermont railroad has announced that
hereafter its passenger train conductors will not
"All aboard" lanterns to signal to the en-
gineer All signals will be passed mechanically from
the cars and the cooru shouts and lantern wavings
of railroad tradition will be no more.
Railroads being what they are, other lines no
doubt will initiate this practice, until in all the
United States there is not one that cngs to the old
custom.
Probably it's being done in the interest of efficiency
and all that sort of thing but it's hard to take. One
of the chief thrills of childhood boarding train,
smuggling into seat, listening for the ong-drawn,
enthralling chant of the ACKNOWLEDGEMENTS out
with sharp upward infection at the very last
watch the red lantern swing high in the air, and
settling down for the first gentle jerk of the moving
train.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
1T SEEMS TO ME BY w,1 JOE

vt develops that 1t was not Phineas
IL Taylor Barnum who fashioned
the classic utterance and enduring
college cheer of the sharpshooters;
namely, "a sucker is born every
minute" 1t was probably two other
fellows, or possibly Miss Guinan,
unassisted
What Barnum really said, accord
ing to Robert E. Sherwood, who
clowned in the old showman's saw
dust dramas, was: 1.-THE American
public likes to be humbugged."
In those days the word sucker was
not used to denote an excess Of
gullibility. A practitioner of the
current come ON rackets was known
as humbug. Except that it is prob
ably important that the record Of
historic phrases should be accurate,
the belated correction Is not par
ticularly noteworthy.
And besides, Tad, the late car
toonist, came closer to the truth
when he enlarged the line to read:
There's sucker born every min
ute-and two to take him"
There is evidence at hand, how
ever, to indicate that a startling
change is coming over the great
American public. No longer is it
possible to snare all the suckers by
merely dropping gaudy- fixed fly
or a cleaning red cork in the wa
tiers. A more tempting bait appears
to be necessary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
f7d60sA Il "a aIeA
ANNIVERSARY
ezk911t44+1
RUSSO-JAPANESE TREATY

USSO-JAPANESE TREATY
Aug. 10
0N Aug. 10, 1905, the Russian
~ and japanese peace commits
sioners met at Portsmouth, NJ H.
At the instigation of Theodore
Roosevelt, President Of the United
States, representatives of both the
belligerents attended the Ports
mouth conference and concluded a
peace treaty, which was ratified Oct.
IA by the enperors of Russia and
Japan.
The war, which started Feb. 10,
1904, grew out of Russias attempt
to make herself tn most powerful
nation in the far east, and her share
inthe curtailments of the conquests
Japan had made at the expense
of China in 1895.
The immediate cause of the con-
f1ict was Russia's attempt to extend
her methods of classification and
exploitation to Korea, which Japan
considered her special sphere Of in
influence.
Under the treaty Of Portsmouth,
Russia transferred Port Arthur and
adjacent territory to Japan; Russia
recognized the paramount interest
of Japan in Korea; Manchuria was
10 be restored to China; the port
of Sakhalin, south Of the f1ftieth
parallel of latitude, was ceded to
Japan.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
HEALTH SERVICE

life expectancy Of approximately
21.5 years.
Indeed, the latest figures, as have
been mentioned, indicate that the
man OF 40 may reasonably now ex-
pect only 20 years, whereas ten
years ago his expectancy was calcu-
lated at 80 years.
Obviously the gain that has been
made is in the first three decades
of life and represents the control
of infant mortality and of the acute
infectious diseases of childhood.
The diseases most prominent in
the causes of death are now heart
disease, high blood pressure, dis
eases of the kidney, diabetes, can
Ger and pneumonia. Most of these
are degenerative diseases. They
represent wear and tear on the
human body.
The tissues that have broken
down and die are not to be given
new life and rejuvenation. They
are crippled cells and the only hope
of saving them seems to lie in CIV
ing them less to do.
Hence the control of the degenera-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
Questions and AnSzUe1s

the air, and is seen only around
the sun and moon. The latter shows
all the colors seen in the rainbow
and in the same order, is due to
diffraction of light by minute ice
crystals or drops of water floating
in the air and is frequently seen
around artificial lights as we'll as
around the sun and moon.
What is the meaning or the sur
name Snedeker?
The English family name Snead
is from the Anglo-Saxon "snead"
meaning "a piece of land" 1t is
common name in Yorkshire and
Worcestershire. Snedeker means
"Sn>ad's acre"
Whose motto was: "One for all
and all for one?
The r,ctto of the Three Mus
keteers" in Alexander Dumas book
of that title.
Where may one obtain informa-
ton about the plants developed by
Luther Burbank?
The Luther Burbank Company,
Santa Rosa, Cal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10

high as % per cent sugar This is because of nteli-
gent research in the field The original sugar beets
contained less than per cent sugar.
Potatoes which weigh several pounds grown
with The original potato tubers weighed about
an ounce.
Problems OF agriculture studied by govern
ment departments Of all the civilized governments
in the world. The United States department of
agriculture is of the highly important branches
of our governmental service.
Government experts, conducting extensive expert
ments in the field of agriculture have added many
new plants to those previously raised in America
Figs dates drought-ressting wheat and varieties
of oranges among the products which they have
introduced
The accompanying illustration shows In diagra-
matte form the composition by per cents Of various
foods.
The authorizations used follows wv" water
&c" carbohydrate; f. fat; "P," protein, and
"A" ash.
1t will be noticed in each that The largest
bulk is water.
In agriculture of course, regard the plant as
food for ourselves The plant however, 1t Is obvious,
is not storing up carbohydrates fats and proteins
for our use, but for its
The plant utilities these things itself for purposes
of growth This phase Of plant physiology VIII be
discussed next
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
Expectancy Decreases After 40

tive diseases includes control of the
diet primarily, limiting it in amount
and in quality so that too great a
burden will not be thrown on the
organs of assimilation and elimi-
nation.
In order not to put too great a
burden on the heart and on the
blood vessels the individual must
get enough rest and limit his ex-
ercise to what his tissues can stand.
One of the greatest causes of de-
generative diseases is constant
strain or worry. go.
We live at fever pitch. Every
body is going somewhere and the
element of human nature that the
German wisely calls "Sitzheisch"
seems to be disappearing entirely.
The philosophers despair of any
great increase in life expectancy
after middle age in view of the
trend of the times. All that they
and the physicians can do is to
stand by the side of the road and
shout. SLOW DOWN" What can
they do If speed mad public re-
fuses to heed the call?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10

Why is Friday said to be unlucky?
Because Jesus was crucif1ed on
Friday.
Are the words when I was a
child, 1 spake as child" in the
Bible?
They are in Corinthians, Chap
ter Is, Verse II.
Is a child who is born of alien
parents in the United States citi-
zen from his birth or not until he
is 21.
He is a natural born American
citizen and his citizenship COM
mences at birth. With the excep-
ton of some civil rights denied to
minors, he can exercise all the rights
and privileges to which any Aneri-
can citizen is entitled.
What causes circles around TIE
sun?
They are the result of two differ
ent phenomena, technically distin-
guished as halo and corona. The
former Is the larger. usually not col
oled IT is due to defraction Of light
by minute ice crystals floating in
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10

Indeed, have heard it said that
without these simple qualities no
bathing beauty can ever hope to at
tain the ziegfeldian peaks.
A hard-shelled skepticism has
moved in, and the challenging ooh
veal" has replaced the trusting "Is
that sol"
1t is not easy to determine pre-
cisely what changed the wide-eyed
sucker into militant swordf1sh, but
that there has been something of
a change is unacceptable.
Certainly there is less response to
the ballyhoo of the barker than
there used to be. The Graf Yep
pelin brought baby gorilla over
on its trip. The animal was placed
on sale in Wanamaker's and though
the price was shaded to beguile the
thrifty housewife, I am told that
there was no mad rush to buy the
creature.
An adventurous trip through the
skies hadn't increased its intrinsic
value or added to its desirability as
a household pet, radiator cap or
weekend companion. To the house
wives of the community, it was still
a gorilla.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
farmers Profits

THE farmer has right to take
l. profits as we'll as the Spectator
has right to cash in on the months
of hard work he has done, has a
right to share in the blessings of
nation wide credit system.
The withdrawal of vast sums Of
cash for stock trading, or stockhold-
ing at this season of the year would
not only be a grave injustice to the
farmer but an unwise policy.
Whether a l per cent advance in
the discount rate will stop it re-
mains to be seen, but the aim is
right.
The fall in stocks which is caused
need alarm no one, because the fall
did little more than squeeze out
water.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
lndiViduaIiSt
DY the same token it occur

DY the same token it occurs to
me that too little serious atten-
ton was lavished on the efforts of
MIR. Bill Williams to nudge a pea
nut no the slopes of Pixies Peak
with his nose. If nothing else, this
man is an individua'ist. He SOUGHT
to accomplish something that never
had been done before
Some of Mr.. Edison's townspeople
in Milon, o.. thought he was little
bit daft the way he used to potter
around with wires and things.
All the encouragement the Wright
brothers got when they lugged their
homemade airplene to the top Of a
bar and essayed flight, was che
sneering comment that if they didn't
watch out, they'd break their fool
necks.
My sympathies are all with Mr..
williams. 1t Is no small distinction
to own the only nose that ever
rr@ged a peanut up a mountain
side.
Copyright. 1929. for The Timesl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-10
Drv AGENTS Health

DRINKING in line of duty is
- running the health of dry
agents, according to John E. Wright,
deputy prohibition administrator at
Cleveland, which is something more
to be charged against Mr.. Volstead.
Prohibition seems to have made
drinking in line of duty not only
necessary but fashionable.
Dry agents feel they must in
order to test the evidence, while
anti's feel they should in order to
prove the sincerity of their convic-
tons
Considering the few people who
admit drinking because they want
to, we Americans are making a most
noble sacrifice to demonstrate one
thing or another with regard to pro-
hibition.