davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
OF LOST
KIND REPORTED
Seen IN W|LDS
Michigan U. Professor Says
He Sighted Messenger
Bird in Flight.
BIZ Science Serrice

BIZ Science Serrice
NEW YORK, Feb. 20.-The pas
senger pigeon, long believed to be
totally extinct, has been reported
alive in the wilds Of northern
Michigan.
Professor Philip Hadley. bacteri-
ologist at the University of Michi-
gan, has notified the journal,
Science, that While hunting in an
uninhabited wilderness in the
northern peninsula Of Michigan, his
companion, familiar with the coun-
try, pointed out a bird which he
declared to be passenger pigeon,
such as he had seen in vast num-
bers in his younger days. AS Pro-
fessor Hadley looked, the bird took
fight, and all he could see was its
pigeon-like form and its pointed
tail.
If the Michigan birds turn out to
be passenger pigeons. it will be like
return from the dead. Passenger
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
Agree Jobs Are Going to Be
Plentiful But Differ on Kind
Governor Looks to Farm
For Answer; FifieId
to Industry.

Governor Harry G. Leslie and
Secretary of State Otto G. Fifield
both we're optimistic today regard
ing the solution of unemployment
problems in Indiana this spring.
But they differ as to method.
Leslie feels that the present de-
preston will cause former farm
hands to return to the country.
Fiheld predicts that the mills and
factories will be back on full-time
schedule and need all the help they
can get.
Both agree that by farm or fac
tory. or combination of the two,
unemployment will cease to be a
pressing problem.
Leslie From Farm
Leslie comes from a farm in
Tippecanoe county. Fiheld says he
CFifeld) is a Lake county farmer,
but for years he has been identified
with the G. o. P. politics of the
great Calumet industrial area.
Thus the divergent viewpoints.
I'm the last few years, it has been
next to impossible to keep help on
the farm" Leslie explained.
But with the industrial depres-
sion in the cities, the boys will be
coming back. They want to eat
and you can't eat the bright lights.
I've already noticed something
of this movement. Driving about
the state roads, you find any num-
Der of youths seeking rides. Unlike
formerly, they want to ride to some
small town and not into the big
city. They are leaving the city.
when spring work opens on the
land in March and April predict
there will be no trouble at all to get
help.
ITO my mind, that is healthy
sign. It is the overcrowded cities
which breed vice and decay. Let
youth return to the so-called wide
open spaces and it will be good for
them and the country as whole.
when this takes place, the in
dustriaI depression will have served
some useful purpose"
Fifield, who spends his Week-endS
at his home at Crown Point, has
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20

Now, just pleasant tablet and re-
lief for your cold begins, instantly.
And Pape's Cold Compound relieves
all symptoms of colds. 1t does the
three things any doctor will tell you
are necessary to check a cold.
"Pape's" reduces irritation and
swelling of the nasal lining. So
breathing becomes easy; discharge
stops; the head clears. "Pape's" en-
courages perSpiration; banishes that
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20

pigeons once probably were the
most numerous birds in America,
Gardening the sky with their mi
grating clouds as the bison herds
darkened the plains. But butcher
like hunting and the destruction of
the eastern forests brought them to
extinction during the last third of
the nineteenth century. The last
specimen known to be alive died
in a geological park in 1914.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
) things TO stop q cold
"Popes" does them all!

achy, feverish, weak feeling which
is due to inactivity of the pores.
"Pape's" kills cold germs; opens the
bowels; takes germs and the acid
wastes of colds right out Of your
system.
Next time cold starts, try Pape's
Cold Compound and learn the
reason for it's tremendous sales and
popularity. Just remember the
name "Pape's." All drug stores. 35c.
Advertisement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
Pip Pip

LONDON, Feb. 20.-The
American stenographer who,
during a conference held by
Secretary of State Henry L.
Stimson with the world press.
remarked: II wish they would
speak English" has colleague
who indicated the use Of an
interpreter might be helpful.
What I'd like to know" she
said, lis how many pip pips' it
takes to make a pop as these
British newspaper reporters al
ways say either, Well, I must
pip pip along" or III pop
along as they leave"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
Palmer SkepticaI

WASHINGTON, Feb. 20. DR..
Theodore Palmer of the United
State biological survey here is
somewhat skeptical of all reports
of the survival of passenger pigeons.
I'VE get such reports frequently"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
nobody 1VonM sit in

of halitosis by the systematic and fire.
quent use of full strength Listerine as
mouth wash.
ThougifSafe and pleasant, full strength
Listerine is an active germicide* which
Immediately attacks the cause of odors,
and then, being a powerful deodorant,
destroys the odors themselves.
Keep Listerine handy and use it before
any engagement, that you may appear at
your best. Our free Book of Etiquette
may interest you. Address Dept. H-o.
Lambert Pharmaca1 Co., St. Louis, Mo-,
u. S. A.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
Passports False, Charge

By United PTcss
CHERBOURG. France, Feb. 90
During the embarkation of paSsen-
gers on the Aquaitania Wednesday
night, port police arrested Joseph
Farina and Joseph Cirillo on
charges of possessing false Amer
lean passports.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
Scouts to Give Program

Scouts to Give Program
BIZ Times Special
MUNCIE, Ind, Feb. 20.-More
than 500 Boy Scouts of Muncie and
elsewhere in Delaware county will
present their annual rodeo at Ball
gymnasium, Ball State Teachers
College Friday and Saturday. Twen-
ty-five booths have been arranged,
each depicting some special work of
the scouts. In addition, an enter
tainment program will be given each
night by the boys.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
Special Introductory Offer

We now offer you the lowest fares
IN history for luxurious travel.
We do this to win 5000. 900 new
patrons in 1880. We know that
the quickest way to win new
passengers is to get people to
take their first trip in one of our
buses. That is why we have cut
our fares to the Done, to win
new friends
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20
The Seat.

ACTUALLY, his case was so bad that
"A even when the car was crowded, the
seat beside his was vacant. People simply
wouldn't sit next to him. And he
wondered why he didn't get anywhere,
socially or in business.
Do you Offend? Probably
The only one who doesn't realize that he
or she has halitosis Unpleasant BREATH
is the victim. Social ostracism follows.
Don't fool yourself that you are always
free of halitosis. That is folly. Surveys
show 1 person out of is victim-due
to the fact that the mouth is the constant
scene of germ activities,
some of which result in -
bad breath. CO"'
share and
fingers!
''' SHAWN
Keep yourself ever free l--
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-20

Otto G. Fifield
They'll stay in the cities"
than an unemployment problem by
midsummer.
Surely such reports make things
look fine for HooSierdom."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26

fered, the market was called upon TO alb
serb an enormous amount of new stock
issued by our leading companies through
rights to subscribe. During the first 10
months Of 1929 companies listed on the
New York Stock Exchange alone ac-
quired the aggregate sum OF 50, 319, 302,-
600 through right financing. which at
the same time hurdened the market
with new securities to the extent Of ap-
proximately $3,328 800, 900. This right
financing was particularly active in
June, last, when listed companies OBJ
tanned $e16,674, 800 by. the issuance Of
new securities which had q current mar
ket value of approximately $1,276 092, :
000., At the same time the public offer
ings of share issues, already very great.
proceeded undated; in July they
amounted in net capital to about $500,
September to the prodigious sum Of ST.
200 ,000, 900, and even in October to
$725, 000, 900. In each of these months
the bulk of the securities offered to the
public consisted Of share issues. and
largely represented the securities. Of new
investment trusts and finance CONF
panies. In September alone investment
trusts and holding companies put on the
market about $3.50, 100000 of new Sc
CuTlCleS. IN Ordinary CIRCUMSTANCES SUCH
huge issuance of new securities would
at once have seemed excessive.
But the idea seemed to prevail that
investment trust and finance company
issues did not actually absorb any new
public capital, because the proceeds of
these issues would be used to. purchase
other outstanding issues. Many Of these
trusts. however, loaned money on call
and invested in foreign securities instead
Of Immediately buying American securi-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26

either temporarily or permanently.
1T is, Of course, difhcult to determine
the exact extent of the short interest
at any given time, but fortunately, at
one of the worst periods of the last
crisis. the Stock Exchange by. means Of
. special QUESTIONABLE sent to its
members obtained statistics as to the
current, size of the short interest. The
amount OF the total short interest at
panic was found to. be extraordinarily
small. constituting only about one
seventh of ! per cent OF the total
listed shares. This fact seems to me to
be a conclusive answer to the oft-re-
peated statement that In the latter days
of the panic short sellers aud bear raid
ing were responsible for the declining
value of securities. =.
MANY persons who criticize short
selling consider only the. depressing eff
feet which the short seller is. supposed
to have upon the market; they ignore.
entirely the fact that a short as soon
as he has sold becomes a compulsory
buyer Of stock at some time in the
future. Since shorts must buy ut
some time they are in times Of financial
distress the backbone of the market.
When prices decline, sharply and most
investors wait for the bottom Of the
market and most margin purchasers de-
lay buying either because they are
themselves embarrassed by the decline
or because they are afraid that it may
run further, 1t is the short sellers who
become the buyers. Some economists be-
lieve that one of the reasons why the
break last Autumn proved so severe was
the absence of short interest adequate
to absorb, the great torrent OF liQuida-
ton and they point out that during the
last few years our great prosperity has
made. most people speculate for the
advance and not for the decline. The
steady and great increase in security
prices during the last few years has re-
suited time and again in Furnishing Sc
verely the few traders who had the
terilerity to sell the market short and
finally O point was reached last SUM-
mer when the normal restraint i'm
posed by short selling was practically
non-existent and an undouhted tnf1a-
ton Of security prices set in. The New
York Stock Exchange, however, = Is not
so much concerned In defending short
selling per Sc as in promoting more or
derby and stable markets The expert
ence Of every leading Stock Exchange
in the world proves that the short seller
is Indispensable to an orderly market
and the Stock Exchange is therefore I'M
willing to forbid or artificially embarrass
short selling: In taking this position
the exchange is relying not only on
its own experience, which is of long
duration, but also upon. the fact that
nearly every leading country in the
world has at some time In the past
actually experimental with laws forbid
ding short selling and in every single
case. after the legislative experiment
proved disastrous, the laws were hastily
abolished"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26

ties. The situation would have been
vastly healthier II the public could have
gained more accurate idea Of the ac-
tual assets behind American investment
trust and finance company ISSUES. The
New York Stock Exchange had already
formulated listing requirements for IN
vestment trust issues, calling for just
such a disclosure Of security portfolios,
but few trusts listed their issues on the
Stock Exchange, with the result. that
this effort for more widespread publicity
as TO investment trust assets and earn
ings proved of little avail. The invest
ment trust has; of course, been q COM
pletely new. feature in American finance
and its nature and functions have been
very widely misunderstood and .miSin-
terpreted. Unfortunately, the results of
American inexperince with investment
trusts were visited last Fall not merely
upon investors in these trusts, but upon
the whole American securities market.
- :, Other Factors. We. ,>.
"There were also number of factors
which, while not basic causes of the
panic, nevertheless aggravated the
crisis and made 1t more serious than
it otherwise would have proved. The
first of these arose, from income taxes
on capital gains. Attention has fire.
quently been called to the fact that the
existing tax on capital gains has made
holders Of securities unwilling to sell
because, of the large percentage Of their
profits which they would thus be COM
PEELED to pay out for taxes. There is
no doubt that this tax, on capital gains
greatly contributed to expanding the
margin accounts of the public. to facili-
tating share price inf1atioYi, and to
bringing about the very lack OF euui-
librium in the stock market that ulti-
matelX proved its undoing,
IAN additional source OF .aggraystion
arose from the. mechanical inade0uacy
of the present stock ticker quota ton
system. The active markets OF 1919
persuaded the New York. Stock, Ex-
change that better ticker facilities were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26
STOCK EXCHANGE PANIC LAID =,
" TO HIGH PRICES BY SIMMONS
CONTINUED From Tenth Pagep

=. CONTINUED From Tenth Pagel
constant gold imports were being ster-
hzed and causing critical scarcity in
other markets, there was a serious cab
met crisis and for q time the disturb
ing prospect of q new ministry coming
into once. All these European events
conspired to put pressure upon the New
York Stock Exchange, which in recent
years has more and more become an in
ternational market. feel that there is
a serious lesson in this situation which
we must learn. Many of those who have
discussed the Observation-Disclosures Of the
American security markets have presup-
posed that this trend necessarily made
for greater market stability. In the
long run, this Is probably true. But.
on particular occasions, the New York
market must deal not only with pres
sure from within the United States, but
also pressure from abroad. The same
sort of thing has often happened before
in London, when 1t was the leading in
Jernatiol1al market Of the world We
must consider European conditions more
closely and more critically in the flu
ttire as a regular factor in the New
York securities market.
New Stock ISSUES.
ST now come to the factor which. at
least in my own judgment, converted an
inevitable but orderly declining securt-
Gies market during September into the
panic which, we witnessed in October
and November / refer to the colossal
output Of new stock issues thrust on the
market during September and October.
The year 1929 had already proved to be
a-Very active year, in the production of
nev securities In addition to- . record
amount Of new stock issues publicly Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26

new tastes has been an extraordinary
feature of recent years and has re-
suited in haFdships among long estab-
lished industries. The migration of in
dustry has also set up stresses and
strains, and finally archaeological unen-
ployn1ent has resulted from the dis
placement Of men by machinery.
In general, our wage earr1ers have
met chronological Unemployment in
manufacturing mainly by turning to
other ways OF making q living. But we
must remember that these shifts have
been In large measure compulsory and
that our economic progress has imposed
severe suffering upon hundreds of thou
sands OF individuals" 49,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26
ECONOMIC TRENDS
ANALYZED In AUDIT
BY EDWARD {. HUNT
Continued From Tenth Page.l

Continued From Tenth Page)
to attain higher per capita income
than ever before although. conditions
were unfavorable. and though its basic
industry, agriculture. was depressed, is
the outstanding problem of the cycles
of 1924, 1924-27 and 1927 to date"
Mr.. Hunt observes.
Mr.. Hunt cites technical improve
ments IN industry in construction, In
railroading and in farming, as causing
increased productivity in workers Larger
average incomes have been received be-
cause more commodities and services
have been produced. -.
+ Side by side with the changes in
trade unions and in business policy"
writes Mr.. Hunt, I'VE note the influence
OF certain general ideas which have
gained wide currency In recent years.
First Of these Is the spirit of caution
inspired by the losses of 1920-2l; sec
ond, a more systematic effort to learn
from experience; third, more publicity
concerning business activities and closer
cooperation among business enter
prises: fourth. the belief In the economy
Of high wages" ..- =, =
I -. New Products. ~
Discussing. the hardshipS incident to
efficiency, Mr.. Hunt. writes: -
Competition Of new products and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26
COTTON PRICES STEADY.
Trade Buying and Covering Opera
tions Are Aid to Market.

NEW YORK, January IS (E).-There
was no increase Of activity in the
steadier on trade buying and covering
After easing on to '1743 early May
contracts advanced TO 1749 and closed
at 17,4S, with the general market clos
ing very steady, net unchanged to
points higher.
Futures closed steady UNCHANGED to
4 points higher; March, 1885; May.
17.4S-49; July, 1855; October, 1888;
December, l7.7S. Spot, steady; mid
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26

Six among the immortal sieners of
the Declaration Of Independence were
physicians. -,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-01-26
Money, To Loan

Prevailing .intarost and eOmmIseissl.
Joseph l. Weller Hs sI WISH "a Z = TEyst
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-28
LAND SALES PRICES
INCREASED BY JURY
Government Must Pay $22,-
730 More for Six Parcels
Of Property Here.

The Federal Government will be re-
quired to pay an additional sum of
$22, T30 to acquire six parcels of land
in the two squares 263 and 264, which
are being condemned for use of the De-
partment of Agriculture and whose
owners appealed from the award OF a
commission of three citizens, who
assessed the value of the property in
both squares. The highest increase al
lowed to an objecting owner was $10,s50
TO John M. Beavers, owner of premises
1915 street southwest, and the lowest
advance went to Johanna G. Block,
owner Of 1906 B street, who was al
lowed by the reviewing jury SAC, ESQ,
when the commission had given her
$46,475, an increase of only S2T5.
The reviewing jury, composed OF
Charles j. Langmead, Julius Egloff
Charles s. King, Thomas w. Marshall
John l.. Grub, Newman G. Little and
William H. Lawton, allowed $4,000 for
premises 1857 @ street southwest, in
stead OF $12,800;* $1e,500 for premises
240 Fourteenth street southwest, in
stead Of $16,750; $4,000 for premises
206 Fourteenth street southwest, in
stead OF $4,000; $l9,500 for premises
220 Linworth place, instead of $53,755;
$55,500 for premises 1916 B street south
west, instead of $44,650. and $46. ESQ
$46,475.
The Government Nas represented bv
Assistant United States Attorney Gen.
eral Henry H. Classic and Assistant
United States Attorney Arthur G. Lam
bert, while the objecting property own
erS had as counsel Joseph I, Weller
George w. Offutt, jr.; william G. Sui
Ivan and Frank Sprigg Perry.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-28
WORKER SUES
FOR LIMITED DIVORCE
Clifford g. Sanford Charges Wife
Threw Alarm Clock at
Him.

Asserting that his wife threw an
alarm clock at him and broke a clay
incense burner over his head, Clifford
9. Sanford, an employee Of the Potomac
Electric Power Co., has filed suit for a
limited divorce from Shannon Florence
Sanford, 1898 Calvert street.
They were married September T.
1928, and lived at her mothers home
until February IL, when the husband
took and furnished an apartment, think
ing, he declares, that his wife's dis
position might improve. During the
week, they. were In the apartment, he
says, his wife spent the night at least
three times at her mothers home and
after his wife had thrown the clock at
him and smashed the incense burner he
walked out of the house, February 49,
Later, on his return, he found that she
had moved and had taken most Of the
furniture, he asserts.
Since the separation the wife has
followed him on the street and as
saulted him on one occasion. he tells
the court. Attorney Clifford p. Grant
appears for the husband.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-02-28
SALTZMAN HEADS
RADIO COMMISSION
Reorganization of Control
Agency Is Effected
at Meeting.

Reorganization of the Federal Radio
Commission was effected today at q
meeting Of the commission, only a few
days after confirmation by the Senate
of the flve commissioners who were re-
appointed last week by President
Hoover.
Maj. Gen. Charles NICK. Saltzman of
Iowa, a retired Army of1csr, formerly
chief signal officer Of the Army, unani-
mously was chosen chairman Of the
commission. BY the same vote the COM
mission chose Eugene o. Sykes of Mis-
SisSippi as vice chairman. Mr.. Sykes
has been vice chairman since its organi-
cation in March, 1927.
DR.. O B. Jolliffe of West Virginia,
now attached to the radio section of the
Bureau OF Standards, was named chief
engineer, under the reorganization plan
recently approved by Congress. which
authorized bringing Of the engineering
section of the commission up to the
personnel strength and pay status of
the legal division. DR.. Jolliffes salary
VIII be $4,000 year and two assist
ant engineers will be appointed, after
conferences with the new chief engineer,
at $500 annually.
Gen. Saltzman succeeds as chairman
Ira E. Robinson of West Virginia, who
has been head OF the commission since
March, 1928. DR.. Jolliffe succeeds Capt.
Guy Hill. United States Army, who was
detailed to the commission by the War
Department.
The new chairman was graduated
from the Military Academy at West
Point In 1896, and from the signal
school with honors in 1906. Rising
through the various grades in the Army
and serving In Cuba and the Philip
pines, he holds two citations for gal
lantry in action" in the Spanish
American War and also holds the Dis
tinguished Service Medal for "excep-
tionally meritoriouS and conspicuous
services" in the World War.
Gen. Saltzman was q delegate from
the United States to the international
radio conference in London in 1912,
represented the War Department at a
conference on electro technical COM
munication in 1924, and was delegate
from this country to the international
telegraph conference In Paris In 1925
and to similar radio telegraph confer
ence In Washington in 1927