davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-19
BY CHARLES r. SPEARE.
Special Dispatch to The Star.

opcelhl DlSpdtCn 10 ne star.
NEW YORK, December 19.-Re-
ports In circulation in the past "a hours
that some Of the larger banking inter-
ests had formed pool to support the
bond market have, fortunately, one
basis in fact. They signify the growing
demand for a concentrated backing up
OF this market and the increasing ap-
peals that are being made directly to
New York Stock Exchange authorities
and to large financial interests to take
a position similar to that which was
effective in checking the panic In stocks
in November, 1929.
At that time a consortium with re-
sources between 100000 900 and S225.-
100000 was formed and participated in
by practically all of the banks and in
vestment houses In Wall Street and In
other large financial centers as we'll as
by some industrial corporations. It
was announced by the chairman of the
committee that its purpose was to plug
up the lair holes" that developed In
the stock list-in other words, to put
in bids in stocks that temporarily were
without market This alleviated much
of the distress at the time and pre-
vented wide-open breaks that would
have been damaging to the holders of
the stocks affected. The pool was able
to dissolve few months later without
any material loss to the participants
Air Pockets Exposed.
II there is any feature more than
another that Is conspicuous in the pres
ent market for Bonds and preferred
stocks, it is the number of air h1leS''
exposed daily. They cover much
wider area than those in 1929 and are
infinitely more damaging. as they are
occurring with a price level that in
bonds is frequently so per cent lower
than two years ago and as much as this
in preferred stocks. So, if there was
justification for establishing a protec-
ton against air holes" IN 1929, there
is now much more reason to align
financial resources to counteract the
effect of a similar condition.
1t Is realized that any consortiun
would have to be of substantial size in
order to be Of value AS a minimum
$50, 100000 would be required. TIC
guarantee the market against continued
dlslntegration and to carry the bonds
or preferred stocks purchased until
markets resumed a more normal char
acter. $l00.000,000 pool would be
essential. The answer to the question
Why such pool, with half the resources
OF that quickly formed in 1929, cannot
now be established as quickly is that
the former participants are not SO
strong today as they were earlier and
that now they have the foreign situa-
ton to consider, whereas. two years
ago, this was not a deterring factor.
Evening star., 1931-12-19
GROWTH Of TRUST
BUSINESS SHOWN
National Banks Increase
Earnings Through Entrance
into New Field.
BY the Associated Press.

by Lne hSSOCldLeu fTcsS.
National banks continued their pro-
gressive inroad on the trust company
field during the last fiscal year.
The report Of the controller Of the
currency covering this period indi-
Gated 2,407 natioal banks had authority
to exercise trust powers. These insti-
tutions had a combined capital of ST.
349, ,393,246 and banking resources of
s22,618,549,942, representing IS per
cent of the number, 80 per cent of the
capital, and 80 per cent of the re-
sources of all institutions in the ma
tional banking system.
Growth Is Shown.
Growth of this banking function and
it's increasing popularity Is impressive
when compared with the activities of
national banks in this field five years
ago. In June, 1928, national banks
numbering 2,026 had authority to exer-
else trust powers with 1,1O4 actively en-
gagged in administering trusts. These
banks were then acting in fduciary
capacity for 26,053 trusts with individ-
ual trust assets of 1922, 1928, ,677 and
were dStIllB us tIuSLbSS DOnQ ana
note issues of $2463 .5533l6
The latest figures, compiled as of
June 30, 1881, represent for the five
year period an increase in the number
OF national banks so authorized of 38l,
or 1873 PER cent; an increase In the
number OF trusts being administered of
76,934 or 1858 per cent; an increase
in individual trust assets Of S4,319,662,-
tbs, or 468.3 per cent, and an increase
in the volume OF bond and note issues
outstanding for which these banks
were acting as trusts Of $8,256,l10 or
1886 per cent.
At the end Of the last fiscal year
trust departments had been established
by 1856 Of the institutions so author
lied and l02 987 trusts were being ad-
ministered with individual trust assets
aggregating s524l ,991 1892 Seven hun
dred and eighty-tWo Of these banks
were also acting as truestees for bond
and note issues aggregating Sl0,7l9,-
346,426.
Increase in Earnings.
Growth in earnings from trust de-
partment operations has kept pace with
the increased volume Of trust assets
intrusted 10 national banks with trust
company powers. This is revealed In
the report which shows that during the
last fiscal year gross earnings ag-
gregating s26888 900 were reported, as
against s22, ,7s5, 900 in 1880, representing
a gain of s3,923 900, or 172 per cent,
over 1880, and an increase of sl8,433,-
600, or 223,3 per cent over 1926.
At the last years end 262 branches
Of national banks were actively engaged
in the administration of 1924 trusts,
with individual trust assets aggregating
Sl,0l5, ,325865, and were acting as
trustees for bond and note issues out
standing amounting to s492,059,56I.
Evening star., 1931-12-19

regardless of the attitude of Congress
toward lntergovernmental debts.
Where is the National Credit Corp
grafton and what has become of its
sponsors who were scheduled to put to
an end the disheartening failure of
banking institutions throughout the
country? TWenty-three banks failed in
one single day, including one with de-
posits well over $28,00O,O00
Questions Reinsurance.
1t is doubtful whether the unfortu.
nate depositors will derive much con-
ISOLATION from the statement made bv
Alfred L. Ripley, president of the Bos-
ton Clearing House Association. to the
effect that there was no reason for an
prehension or alarm on the part of de-
positors.
Some people had been led to believe
that the country's financial institutions
would be helped by the Credit Corpora
tion before they are forced to close
rather than afterward.
Resumption of discussions concerning
curtailment agreement in the COPPER
industry and prospects of a satisfac-
tory agreement being reached in the
near future has had a somewhat favor
able effect upon shares of leading pro-
ducers. In the course OF Yesterdays
trading the majority of copper shares
moved against the general trend of the
market.
Smelling Shares an Exception.
The preferred shares of American
Smelling proved an exception, dron-
ping sharply on relatively small turn
over, due probably to forced iouida-
ton, because even under the present
adverse conditions the dividend on the
stock is being earned by an adequate
margin of safety.
Indications are that 1882 will pre-
sent a much better picture for the
motor industry says Walter P. Chrvs-
Ter, president Of Chrysler Motors. Pro
duction schedules for the companv,s
products will be heavy for the first part
OF the year, Mr.. Chrysler thinks. in
anticipation Of the better demand for
new cars. Motor stocks, however, do
not as yet seem to reflect his optimistic
forecast.
According to the latest and most
authoritative estimates, Great Britain's
short-term investments in GERMANY
aggregate f55,000,00o, as compared with
$4,000 900 at the end OF July. Earlier
estimates have been as high as f80-
100000. As the above figure is the re-
suit Of QUESTIONABLE which the Lon
don clearing house had addressed to
Evening star., 1931-12-19
Cotton Crepes Imports.

BY the Associated Press
United States imports of cotton
crepes, both plain and fancy, during
November totaled $4,000 square yards
with a declared value of S5.364.
The Department of Commerce, In
making the report, said the shipments
came from the United Kingdom and
Germany, the latter country replacing
Japan. which formerly supplied this
market jointly with England.
Total importations of crepes for the
first II months of 1891 were 2O3. .7o3
square yards, valued at S25,983.
Evening star., 1931-12-19
BANK CLEARINGS GAIN
SHARPLY DURING WEEK
BY the Associated Press.


NEW YORK, December 1e.-Bank
clearings this week are higher in
amount than for any week back to the
lst OF October. They are s1,677,0 ,0OO,-
900 in excess of those for the first week
of December. The total for all leading
cities in the United States, as reported
to Dun's Review, was s6,767,245. 600, or
1926 per cent under the amount OF a
year ago. At New York City the
clearings were $4,789, ,521 900, a reduc-
ton of 80 per cent, while the agere-
gate for cities outside of New YORK of
$l,977 7,724,000 was 34.2 per cent smaller.
Settlement Of some corporation taxes,
due at this time, have increased bank
clearings this week, but they were also
an important factor in the report of a
year ago Losses compared with last
year continue quite heavy, especially at
most Eastern and Western centers
where at the South the declines are
less severe.
Bank clearings this week, as reported
to r. G. Dun g. Co.. showing decreases
compared with same period a year ago,
follow:
Evening star., 1931-12-19
Mill Operations Increased.

NEW YORK, December le (P.-
Steel mill operations in the Youngs-
town district have advanced 4 per cent
TO 80 per cent rate as a result of in
creased ingot production at Republic
Steel Corporate Hazelton furnaces
Eighteen out of 66 open hearth furnaces
are now melting against Is at the start
of the week and II last week.
Evening star., 1931-12-19
New York Cotton

Special Dispatch to The Star.
NEW YORK, December 19.-Under
the most active trading Of the month,
prices on the Cotton Exchange today
made a further Slight advance and
closed point lower to points higher
than Friday. The Improvement of
quarter OF a cent from Fridays low
brought scattered Southern selling.
which halted the improvement after
January had sold around 6.3l on the
opening, the best figure of the day.
Spots were advanced points to $40.
Cotton range:
Evening star., 1931-12-19
In the Northeast

11th and Park rd.-Arm-
strong's Pharmacy.
14th and P sts. Days
Pharmacy.
1135 14th st. - Marty's
Cigar g. Magazine Store.
18th and Que SITS. - Ken
ner's Pharmacy.
18th and U sts.-G. o.
Brock.
2912 14th st.-Colliflower
Art & Gift Co.
3401 14th st. - Bronaugh's
Pharmacy.
l4th and Buchanan sts.-
Hohberger's Pharmacy.
14th st. and Colorado ave.
-O'Donnells Pharmacy.
1909 Mount Pleasant St.
Mount Pleasant Cigar
and News Shop.
1873 Columbia rd. - The
Billy Shop.
2162 California st. - CO.
lodny Brothers.
Wardman Park Pharmacy.
2l5 N. Y. ave. - Sanitary
Pharmacy.
1st and X Sts. Duncan's
Pharmacy.
7th and X sts.-Golden-
berg's (time clerks
deSk).
7th and o SITS. - Lincoln
Drug Store.
7th st. and r. I. ave-.
French Simpson.
11th and nj sts. Il. n.
Forsters Pharmacy.
Evening star., 1931-12-19
CHICAGO STOCK MARKET

CHICAGO, December 19 LP).-Fol-
lowing is the complete official list of
transactions in stocks on the Chicago
Stock Exchange today:
Evening star., 1931-12-19
II, the Southwest

10th st. and Va. ave.
Herbert's Pharmacy.
316 AZ st. - Harris Drug
Store.
~ and l. sts.-Columbia
Pharmacy.
Evening star., 1931-12-19
RIGHTS-EXPIRE

!" = Com Edison:... - 1os u IL Is
5 Il. Pub n IL Feb 21a IS. 24 q,
m Dydend rates in dollars based last quarterly Of semi
ad Payahie IN eah stock Payabe stock Adjustment
o sock' Pus 3e in stock Plus o in Plus 81 in
STOCK Plus 80 Paid ri
Evening star., 1931-12-19
In Ceorgeto,cn


30th and p sts.-Morgan
Bros Pharmacy.
30th and M sts.-Brace's
Pharmacy.
3411 M st.-Moskey's Phaf.
macy.
1884 wise onsin ave-
Haney's.
Wisconsin ave. and o St.
Donahue's Pharmacy.
35th and o sts. Sugar's
Drug Store.
5104 Conduit I'd. - Modern
Drug Store.
Evening star., 1931-12-19

9Th and U sts.-M. Fl.
Hunton's Pharmacy.
Ga. ave. and Upshur St.
Petworth Pharmacy.
221 Upshur st. - Monck's
Pharmacy.
5916 Ga. ave.-Brightwood
Pharmacy.
Ga. ave. and Kennedy st.
-Lampkin's Pharmacy.
2901 Sherman ave.-Sher-
man Ave. Pharmacy.
1924 3rd st. - Stewards
Pharmacy.
1905 Mass. ave. - Dupont
Pharmacy.
18th and Fla. ave.-Bern-
STEMS Drug Store.
Fla. ave. and LIST St.-N.
ReiSkin.
North Capitol st. and r. I.
ave. - Parker's Phar-
macy.
1742 Pa. ave. - J. Louis
Krick.
2lst and G sts.-Quigley's
Pharmacy.
25th st. and Pa. ave.
Columbia Drug Store.
1915 Conn. ave. -JolI's
Newsstand.
5017 Conn. ave.-Higgins'
Community Drug Store.
Wisconsin ave. and Macomb
st.-Harry C. Taft.
1921 Wisconsin ave.-Mor.
gan Bros Pharmacy.
Takoma Park, 359 Cedar st.
-Mattingly Bros Phar.
macy.
Evening star., 1931-12-19
In the Southeast

Srd and Pa. ave.-O'Don-
nelrs Drug Store.
Evening star., 1931-12-19

9th and Eye sts.
F. P. Weller's
Pharmacy.
11th an d Pa.
ave. - Fealy's
Pharmacy.
1907 Mich OILS
ave-, Anacostia
-Healy's Drug
Store.
18th a n d East
Capitol sts. -
Lincoln Park
Pharmacy.
2204 Minnesota
ave. - Sloan's
Drug S tore;
F. S. Boisfeuil-
let, prop.
Evening star., 1931-12-19
", the Northeast

208 Mass. ave. - Capitol
Towers Pharmacy.
4th and III SITS. - Home
Drug Store.
4th and E. Cap. St.-Paul's
Drug Store.
907 H st.-Garren's Music
Store.
18th and Md. ave.-Luck.
ett's Pharmacy.
7th and Md. ave.-Louis
Evening star., 1931-12-19


North C a pitol
and Eye-Ken-
ealy's p h ar
macy.
Goth and r. I.
ave. Collins
P h a r m a c y,
Woodbridge.
$500 18th st.
b r o o k q n d
p b a r m a cy,
BrOokland.
4th and r. I. ave.
10 hi n G.
Biggs' p h ar
macy.
c h e S a p e a k e
Junction DIR.
F. L. Wight, jr.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
THE INDIANAPOLIS TINES
REBELS SEIZE
FORT IN PERU,
BATTLE NEARS
Loyal Troops Converge on
Arequipa in Effort to
End Revolt.
By United Press


LIMA, Peru, Feb. %. - Loyal
troops we're converging on Arequipa
in southern Peru today. Their Of
fensive is against the rebels who
over the weekend seized the gar
rison in an effort to overthrow the
revolutionary government headed
by Lieutenant Colonel Luis M
Sancrez Cerro.
The government issued an Of
fetal communique asserting that all
other garrisons throughout Peru
remained loyal, and that forces
from loyal garrisons at Juliaca,
Cuzco and Puni, in southeastern
Peru, already were marching to-
ward Arequipa. A battle was be-
lieved imminent, with authorities
confident the uprising would be
quelled quickly.
The garrison at Arequipa was
seized following the revolt last
August, which overthrow the regime
headed by former President Augusta
B. Leguia, now a prisoner.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
SO Years Ago
In Legislature
By United Press

A proposal Of bonus payments
to soldiers who served during the
Civil war was laid before the
house Of representatives in the
1881 legislative session in a bill
which was passed by an over
whelming majority.
1t provided that the state pay
$4,000 to members of the Indi-
ana Legion for their services in
the War of Rebellion.
A move Of somewhat the same
nature was made in the 1881 leg
islature. during its first week.
when members of the house passed
a resolution asking congress to
speed up payment of bonus GER
tif1cates of men who served dur
ing the World war.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
Aged widow Dies
Pu Timss Snnoinl

bt tNtcS SpCCl0A
COLUMBUS, Ind, Feb. 23.-Mrs.
Emma j. Parrish, SO, widow of
Thomas Parrish, is dead, following
a long illness. She was born and
reared in Bartholomew county, but
twenty-three years ago went to Ar
kansas to live. A few years age
she returned here and had been
making her home with her sister,
Mrs. Mary Kessler. She leaves q
son, Glenn, and a daughter, Mrs. T
F. Bryant. California; a brother
Mort Downing, Tampa, Fla, and
two other sisters, besides Mrs. Kes-
sler here, Mrs. Harry Compton, Cali
fornia, and Mrs. Phil Braugher
Bourbon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
SHOALS VETO
HELD CERTAIN
BY Sen. NORRIS
Legislation on Issue Is Un-
likely While Hoover Is
President, He Says.
By United Press

By United Press
WASHINGTON, Feb. 23.-Legis-
latlon for government operation of
the Muscle Shoals hydro-electric
power plant and lease of the fer
tilizer plant to private interests to-
day was on the threshold of ap-
proval by the senate.
The house passed the measure
Friday. But advocates of the bill
concede it will not become a law.
Senator George Norris (Rep..
Neo), for ten years years sponsor
OF such legislation, expects Presi-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
CApONE HOME,
GIVES ORDERS
FOR ELECTION
10000 Watchers Are AS
signed to Chicago Polls
for Tuesday Balloting.
BIZ United Press

Bg United Press
CHICAGO, Feb. 23.-The reported
arrival Of Scarface Al Cspone, TO
take care of his interests, and as
signment OF almost 10000 watchers
TO guard the polls we're two Of many
sensational developments as one of
the most bitterly fought primary
campaigns in Chicago history came
today to noisy ending.
Some Of the other last minute
sensations of the race between
Mayor William Hale Thompson,
Judge John H. Lyle, Alderman
Arthur + Albert, and two other
candidates, for the Republican
nomination to become worlds fair
mayor were.
Violence, predicted by both Lyle
and Thompson began with an I'M
successful attempt to assassinate
Theodore Clifford, an aldermanic
candidate
A group Of World war veterans
announced they would file impeach-
ment proceedings against Judge
Lyle
Carone Issues Orders
thompson announced that, win or
lose, he would spare no cfIortl' to
aid the veterans.
Judge Lyle, famed as the foe OF
gangsters dramatically dismissed
policemen sent to guard him and
ordered them instead to go hunt
Capone-hes reported in town
again"
Democrats with practically no
contest in their parry prepared to
give SenatOr-elcct Jsmes Hamilton
Lewis a welcome home from Arizona
that would be more uproarious than
any Of the Republican demonstra-
tionc which have kept The Loop in
turmoil for days
C2pone, Whcm Lyle has accused
In ali his adjresse5 of contributing
to IhCmoson's campaign fund, was
reported TO have arrived from Flor
ida and to be issuing orders to his
lieutenants for their conduct Tues
day
Seek to Impoach Lyle
Reports we're he is taking no
chances by coming into Chicago, but
is hiding in his iavolfte stronghold,
Cicero, Or some other neighboring
town.
Announcement that an attempt
would be made in the state legiSla-
ture to impeach Lyle was made by
Newell Mccartney Judge advocate
Of the Seventh district Of Illinois
Of the American Legion.
I'VE are going TO proceed against
Lyle, MOI because he is a candidate
for mayor, but because of his i'll
treatment of war veterans arraigned
before him on various and petty
Offenses," Mccartney stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23

Demonstration of how her IA
nous Viennese pastries are made
will be given by Nine. Melanie
Reichelt of Vienna during her
visit at L. S. AyreS & Co. this
week.
Madame Reichelt will serve tea
at Thursday, Friday and Sat-
urday in the Ayres auditorium,
where she will prepare two diff
ferent pastries before the au-
dience each day.
One OF her most famous con-
coctions is cake without flour,
topped with whipped cream and
Strewn with chopped nuts.
Madame Reichelt, who gained a
reputation for pastries at her inn
at Baden, in the Vienna woods, is
making a tour of twelve cities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
HOME SHOW REPORTED
Delegation Tells Real Estate Board
of Kentucky Display.

An Indianapolis delegation that
visited the Louisville (Ky.) home
complete show Saturday night re-
ported to the home show committee
Board at noon today in the Column
bia Club.
Final plans for the tenth annual
Realtors Home Show at the Indi-
ana state Playground April IL to 18
also will be considered. The boards
poster contest is to close at 5 D. m.
today, Rey S. Trent announced.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23

dent Hoover to veto the bill, per-
haps by permitting it to die with
out his signature.
The same procedure could be fol-
lowed with respect to the vete-
rams loan bill, which reached the
White House just a day too late to
avoid being placed in the pocket
veto" category.
even II the President returned
veto message on the Muscle
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
Alleged Bandit Held
BIZ Times Special

MUNCIE, Ind, Feb. 23.-James
Clevenger, AZ, suspect in robberies
Of banks at Dalesville and Albany,
is in custody here, ending a search
of more than two months. He was
arrested by Fred Pickett, Delaware
county sheriff, at the home of Ed
Locke, who is serving a prison term
for his part in the robberies. A
third suspect, Roscoe Ray Of Ander-
son, is still at large.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
Bank Bandit Sentenced
BIZ Times SpecinI

y 2 tNIlo NVtLIUt
MUNCIE, Ind, Feb. 23.-James
Clevenger. 43, accused as one Of the
bandits who robbed the Albany
State bank, pleaded guilty in circuit
court to banditry and was sentenced
to twenty-five years in the state
prison. Clevenger admitted his part
in the Albany and Daleville holdups,
but refused to name his companions
in either.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
PAGE 3

Shoals bill. there would be scant
chance Of making it become law.
Norris says there are not sufn-
Gent votes In either senate or
house to override q veto.
Neither does Norris believe bill
OF this type could be passed over
a veto in the next congress.
Veto of this bill will mean"
Norris said, that We will have no
Muscle Shoals legislation so long
as Mr.. Hoover is in the R:sshse
House"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
BUTLER WILL DEBATE
Unemployment Insurance Is Topic
for Contest With Detroit.

Debate between the Butler uni
versity negative team and the Col
lege of the City of Detroit affirma-
tive team will be held in the Butler
college Of religion chapel at 8 TO-
night.
Question is Resolved, That the
several states shall enact compul-
sorry unemployment insurance to
which the employer should contrib
ute" Members of Butler team are:
William Weiss, Russell Townsend
and Charles Drake, with Professor
Claude Sifritt as coach.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
Veterans Rename Post

81 ItmeS SpeCtdb
ANDERSON, Ind, Feb. 23.-An-
derson post, Veterans of Foreign
Wars, has been renamed Grover T.
Oliver post in honor of the memory
of the first Anderson man to fall
in battle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
BR00KLYN'S MATADOR'S
LIFE SAVED BY CAPE
Gored by Bull, Franklin Returns to
Make Second Killing.
~ Q nitco Press

bW JhNcu FFcS3
LAREDO, Tex, Feb. 23.-Sidney
Franklin, Brooklyn matador, today
credited his red cape with saving
his life in a Nuevo Laredo Mex
bulltight Sunday, during which he
was gored below the knee and mar
roWly escaped death.
ignoring the wound, he returned
to the arena to kill another bull
The bull could have killed me
when 1 slipped and his horn caught
my leg, but my cape lying on me
and a little to one side distracted
his attention and I was able to get
to my feet" Franklin said
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-02-23
PNEUMONIA KILLS CHILD
Death Follows Operation to Re-
move Toy Swallowed at PLAY.

Pneumonia following an operation
to remove a toy stove lid, swallowed
while playing Saturday night, caused
the death of Barbara Depka, 3,
daughter of Mr.. and Mrs. Charles
w. Depka, 1853 North Gale street.
Sunday night at city hospital.