davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Description

THE same thing is true of novels,
L autobiographies, and books in
general. In the days when woman's
place was in the home and even
the word sex" was barred in mixed
company, it was the fashion for all
novels to begin with a lengthy
description of the countryside. the
house and each of the characters
involved.
Any change in the weather was
infinitely reported. One could not
take a chance and skip pages,
either. For usually, sandwiched
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
-ZZHS
b1Tk9e
ANNIVERSARY
RUSSIAN TAX LAWS
June %

ON June 90, 1917, the provisional
" Russian government issued a
law increasing the existing progress
sive income tax to 80 per cent on
incomes of more than 100000.
Another new law increased the
war tax on increment of indus
trial profits to 90 per cent. A third
progressive income tax, rising on
the largest incomes to more than
80 per cent and making together
with the highest ordinary income
tax, go per cent Of the income.
The new Russian loan received
subscriptions amounting to $780,
100000, bringing the total debt to
SIC, 500, 100000.
On July IL a dispatch from
Petrograd stated that the deposed
Emperor Nicholas had appealed to
the provisional government to al
low him and the members Of his
family to acquire stock in the
Loan of Freedom"
He announced that the amount
of their investment in the loan de-
pended upon whether the Russian
state intended to support his fam
lily,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

A N old pet theory OF mine is be-
IN ing strengthened day by day.
AS a matter of fact, it has ceased
to become a theory. BY now it is
definitely a conviction.
refer to the almost universal
tendency of writerS-particularly
young writers-to say too much. OF
late it has been necessary for me to
neglect my reading. And, though
it is possible that I have missed a
few literary gems, I have, on the
other hand, cleaned some valuable
information
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Don't Use Our Noodles

A DMTTTING that we are inper-
N feet beings, and that many
things are beyond us, We still have
enough intelligence to do much
better Job than we are doing if it
were employed properly.
The trouble is that we think too
little about important matters and
too much about those of no great
consequence.
Now that President Hoover has
proposed a moratorium, most every
one recognizes the wisdom of it, but
how many thought Of it before?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Conflicts AVoidabIe

RUPIN continues, "It is indeed a
l. most encouraging sign that the
best of English science is not indif-
ferent to England's religious
thought, and that some of the fore
most among the English ecclesias-
tics are not Indifferent to the trend
OF thought of modern science.
"ThiS symposium reveals that sci
ence and religion in England are
anxious to walk arm in arm to aid
each other in their exalted mission
Of making life worth living. This
obviously is as it should be.
Science, religion, and the fine
arts are the creations of the three
| fundamental faculties Of the human
soul, and a harmony between their
activities is the highest aim in cul-
tural development.
The members Of this symposium
agree that conflicts between science
and religion are avoidable when
each of them avoids encroaching
upon the domain which naturally
belongs to the other.
"The realities revealed in the
domain Of religious thought are not
revealed in the domain Of physical
sciences. The converse also is true.
"The scientists of this symposium
share in the opinion of their coll
league, the Bishop of Birmingham,
when he says: Science has re-
markedly little to say as to the scale
Of values by which We order our
lives. Yet such values are funda-
mental to religion and he also
makes this confession: I wish to
make it quite clear that many be-
liefs, associated with religious faith
in the past, must be abandoned.
They had to meet the direct chal-
lenge Of science; and 1 believe it is
true to say that in every such di-
rect battle since the Renaissance.
science has been the victor"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Daily Thought

For it is better, if the will Of q
God be so, that We suffer for well
doing, than for evil doing.-Peter =
3:17.
Our merclful Father has no pleas
ure in the sufferings of His chill
dren; He infcits it to purify as we'll
as to punish, to caution as well as to
cure, to improve as well as to chas-
tise.-Hannah More.
What is the salary of the mayor Of
Chicago?
He receives $4,000 a year.
How long is Broadway in New
York?
Fifteen and one-half miles.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

ideals and opinions expressed
In this column are those Of
one of Americas most inter-
eSting writers and are pre-
sented without regard to their
agreement or disagreement
with the editorial attitude of
this Daper.-The Editor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Old and Young

Distress OF the unemployed worker is all too IA
miliar to Americans. job must be provided for
him, and failing that his suffering must be relieved
by private and public funds. But suffering is not
his alone.
There are also the aged and the young who have
their own special problems in these times All are
linked; yet all separate. Americans are becom-
ing more thoughtful Of all three.
OF the problem of the aged, for instance, the cur
rent issue of the Monthly Labor Review publca-
ton Of the United States department of labor carries
heartenng news.
It's survey Of public old-age pensions shows that
during the last three years the number of counties
with od-age pension systems has more than doubled
More than ten times many old people are being
cared for, and more than eight times as much is
being expended for their relief In this country one
third of the states have acted
Thus the old-age pension moVement grows slowly,
but splendidly, and eventually the day will come
when no worker will be faced with fear and utter
desperation when his useful days are passed To
speed this day it may take federal action in this
country and then help should be given gladly and
gratefully.
At the other end of the ladder is the child Child
labor has been ouawed in many states yet it always
is a problem, probably more of problem now than
formerly. for the Labor Review, quoting report of
the White House conference child health and pro-
tection shows that child labor is plainly in large
question Of poverty
This is poverty of the chids parents or guardians
naturally And here its problem is complicated by
that of the ablebodied but idle worker Abolition of
child labor would provide Jobs for 100000 adults
The conference urged that, in combating child labor
unemployment of the father low wages, poor living
standards and other factors that lead to poverty be
studied
Then, into this problem of the child, there comes
also the problem Of the aged.
Thus they can not be separated very far; as one
is touched, so is the other.
These hard times have focused most of our
thought on the able-boded worker for he is the man
who makes our wealth, and who makes possible
position in the world
We have learned lessons about the distress Of
these persons, and there lessons to be learned
from the depression about the distress of those
who too young work. and those too old to work
If act upon these lessons, the depression will
have had its beneficial side too.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
M, E.. Tracy
It's Not Hon. Well People Can
Think, bat What They
Think About, That Counts.
SAYS:

NEW YORK, June 2s.-The most
L exceptional reservation yet
made to President Hoover's propo-
sal for a moratorium comes from
South Africa.
South Africa gets about $500, 900
a year in reparations from Ger
many, while paying nearly sl,7oo, 900
a year to England.
The moratorium, therefore, rep
tesents an advantage of more than
million dollars.
Instead of taking it, however,
South Africa proposes to continue
paying her own debt, while grant
ing Germany relief.
South Africa's example should be
Of some help to the conference now
going on in Paris.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
BY DIR. MORRIS FIsHBEIN

Editor. Journal Of the American Medical
Association. and of Hygeia. the
Health Magazine.
THE riveting gang in the modern
l. steel skyscraper has a fairly
hazardous occupation. A riveting
gang includes a heater, a catcher
a bucker-up and gun man.
The heater throws the hot rivet
to the catcher. The catcher shakes
off the glowing flakes and puts the
rivet in the hole. The bucker-up
puts heavy pole called a dolly
pole against the cast end Of the
rivet.
Then the gun man lifts his pneu-
matte hammer and let's it GO
against the other end of the rivet
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Lean on Weak Reed

nor several days, the give Starr
Z Faithful" case, as the magazine
Time" accurately describes it,
more than successfully has COM
peted with President HooYer's plan
for front page space.
Admitting that editors were right
in assuming that reader interest
justified this, aren't we in a pretty
bad way when it comes to depend
ing on mass intelligence for the
solution of difficult problens?,
That democracy about which we
forever are harping presupposes an
ability to select subjects as well as
to take interest in them.
So, too, does the higher educa-
ton by which we set such store
and for which we are spending such
enormous sums.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Must Go Some Place

CPEED means nothing without
- direction, and intelligence means
nothing without purpose.
Jackson and OBrine remained in
the air nearly twenty-seven days
on their famous refuelling flight,
but without getting anywhere. Post
and Gatty have gone more than
half way around the world in five
days.
Like an airplane, the mind can be
made to travel in circles, or wasted
on stunts.
1t is not how we'll people can
think, but what they think about
that tells the story.
The greatest genius on earth can
fritter away his talents in wise
cracks or parlor magic. Some of
them have done it.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

This generation, remarks the office sage, is dis
tinguished by its HUSTLE the past generation by it,
hustle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

duction Of tariffs. would tend to revive trade and
prosperity.
But the bankers would have to show more sense
In restricting the moratorium than they did IN max
ing some Of the unwse loans originally. Any mora
forum which encouraged further extravaganza and
corruption, or which liberated funds for arms and
munitions, would make critical situation worse
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

They called him hula hula dancer because hi
had something on the hip
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

1t behooves the golfer to keep his eye on the ball.
lest he get ball in the eye.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29
Eminent Names

IT will be noticed that the list Of
4 contributors to the symposium
on Science and Religion" contains
such eminent names as that of the
gloomy DEAN" Eddinton, whom
many authorities regard as the great
astronomer of the day; and such
famous biologists as Huxley, Thorn
son and Haldane.
1t goes without saying that no
reader will agree with the opinions
Of the twelve contributors to the
symposium. And, it is also ex-
tremely likely that an even larger
number will disagree with Prof.
Pupih'S foreword.
There are a large number of
thinkers today who regard science
as the antithesiS of religion. There
are some who regard one of the
functions of science to be to sup
plant religion.
Many fundamentalistS and ortho-
dox religionistS who believe that
religion must be protected from
the march Of science.
UpA1' whoever, taxes the position
taken by Millikan and others in
this country. 1t is that religion
and science can walk hand
to the ultimate benefit of mankind.
That, OF course, is the general
opinion behind the British SYM
postum. AS Pupin says:
The fact that the twelve mem
bers Of this symposium, so well
equipped for its difficult task, could
be found shows that the relation of
science and religion has awakened
the deepest interest in the leading
minds Of English in every line Of
higher intellectual endeavor."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

Prisoners at Sing Sing have organized baseball
team Going in for sport may be all right. provided
they don't take up country running.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

The trouble with most angels" of Broadway shows
is that they think, far their productions CO. thai
the sky is the limit
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

Before investing in a sailor hat, however, rloS
women undoubtedly will wait for a sail
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-29

The sailor hat, fashion experts say is coming back
Probably because so many women having theil
hair waved
The Washington times., 1931-08-01
PRICES ON CURB
ARE HIGHER

NEW YORK, Aug. l G.N.S0. .
The curb market backed and filled
narrowly at the weekend today as
an apparent truce between bulls
and bears maintained the general
price level approximately un-
changed from previous closing
quotations.
Utilities as a group were slightly
higher. Electric Bond and Share
firmed up to 371a for a gain of
3s, and fractionally improved
levels we're also reached by United
Gas and United Light and Power,
with one or two other faVorites in
this group showing no change at
all.
Cities Service was a trifle easier,
sagging to 9Hs, but still holding
its 1881 bottom.
Oils were firm with Vacuum up
3s to 453s, and Standard of In
diana up 70 at 242s.
The only changes Of ConSe-
quence in the speciality group were
noted in the higher priced leaders,
with Aluminium rallying 2 points to
,112, and Great Atlantic and Pa
cific Stores sustaining a loss of 3
points at 204. Investment trusts
ere dull and narrow. Curb bonds
showed a generally steady tone.
The Washington times., 1931-08-01
COTTON MAR 7
FAIRLY STEADY

NEW YORK, Aug. l GN.SO.
The New York cotton market
was fairly steady during the early
trading today. Losses of 4 to 7
points were recorded at the open
ing. Selling pressure was re-
newed after the first call and at
the end of the first quarter-hour
the declines were slightly ex-
tended. Trade buying and short
covering. however, brought a
steady tone to the market.
Trading was active. Liverpool
and Bremen were heavy sellers
and spot firms sold. There was
some scattered liquidation from
commission houses. Wall Street
bought distant months and there
was scattered support from the
trade, short covering over the
weekend and buying of near
months by Japanese interests.
Weather conditions as indi-
Gated by the May and forecast
continued favorable for the crop.
The cotton market, however, GER
tainly lacked adequate support.
The tendency is evident to in
crease the crop estimates to some
thing above the yield of last year,
whereas a drastic reduction was
the crying need.
The Washington times., 1931-08-01
Values of Manufactured
Products AnaLyzed

Seventy billion dollars, in round
numbers. was the total value of
the manufactured products of the
United States in the year 1929,
according to recently released fig
ures of the Bureau of the Census.
This has been analyZed and inter
preted by the National Industrial
Conference Board in o bulletin
titled Manufacturing and Its Ele-
ments"
The 10000, 900. .00O-dollar total
summarizes the operations Of over
100000 enterprises; it records the
activities of more than 10.000.000
workers. managers, clerks and
wage earners; it embodies the pur-
chase of $4,000, 100000 worth of
materials, and the outlay of
nearly $2,000,000,000 for fuel and
power.
1t is, in short, says the confer
ence board, a concrete expression
of mans technical and material
progress.
Elements Complex
According to the statistical
methods of the Census Bureau,
the value of a manufactured prod
uct represents it's selling value at
the factory. In an analysis of
this value, the only elements that
are known positively seem to be
materials, fuel and power. and
wages and salaries.
All other elements. such as ad-
ministration and selling expenses.
taxes, rent, interest, depreciation
and other overhead expense, and
finally the profit, are Jumped to-
gether and, along with wages and
salaries, are recorded as the value
added by manufacture.
The cost of materials that en-
ter into a manufactured product
is a much more complex element
in it's relation to the total of
manufacturing enterprises than
would appear on first thought.
The total value of the nanufac-
tured product reported by the cen
sus depends not only on the phys
ical substances that enter into it,
The Washington times., 1931-08-01
CLOTH SALES DULL

NEW YORK, Aug. l GN.SD.
A moderate amount of business
was done in two print cloth con-
structions for spot delivery at the
low point in today's markets.
Smaller sales of other construc-
tions we're also made. Spot and
nearby business in sheetings was
little better, numerous small
orders being filled at 1s-cent price
reductions. A light interest in
drills and twills was reported.
Carded broadclothS eaSed.
Practically all the business
done in the local cotton goods
market was for spot or nearby
delivery, and apparently repre-
senteG the actual needs Of con-
sumers who have long stayed off
buying in a falling market.
The Washington times., 1931-08-01
PRICE FACTORS
ARE LISTED BY
SPECTATOR
Favoring and Unsatisfactory
influences Affecting the
Near. Future. Are Detailed
By THE SPECTATOR

NEW YORK, Aug. l GN.SD.
Factors to be reckoned with as
near term influence on the
future of security prices are out
lined as follows by close market
observers. Favorable aspects in
the outlook are:
(D The liquidated state Of trac-
ing accounts. (2) The imminence
of an at least seasonal uptrend
in domestic trade and industry;
and (3) the cumulative influence
of economies in operating and
overhead expenses.
The Other Side
On the unfavorable side are:
% The possible investment
liquidation in U. S. Steel as a re-
suit of the dividend cut. (2) The
possibility of further liquidation
in the rails because of the delay
in granting a rate increase; and
90 A very unsatisfactory foreign
situation, which most Americans
do not understand and of which
some traders appear to be hardly
conscious.
If the market is to undergo
additional price readjuStment, as
is the belief in many responsible
quarters, it is hardly likely all
stocks will give ground uniformly.
Dividing the general stock list
into two classificationS, primary
and secondary, it is held that
the advantage at present lies with
the so-called secondary issues.
That is, most of the stocks
falling in the latter group already
conform to genuine price-earnings-
dividend relationships. whereas
this relation is still somewhat
out of line for some of the
leaders of the last bull market.
Oil Merger Shares
The Stock Exchange approval
of the listing of 31,923,072 shares
in the new Socony-Vacuum Com
pany, makes that the third
largest on the list in the num-
ber of shares outstanding.
General Motors leads with 43,-
100000, and Commonwealth and
Southern is second with 33,971,-
321. Fourth place goes to Gen.
eral Electric, which has 28.650,-
$50 shares outstanding, and
Standard of New Jersey is next
with 25,600,4 shares listed.
The Washington times., 1931-08-01
RANCE IS WIDE,
, THOUGH GAINS
ARE SMALL
SteeIs, EIeetrics, Chemicals,
Motors, and Utilities, All
Participate in Movement
By THEODORE KOsLOw

NEW YORK. Aug. l G.N.S0.
The stock market gave a fairly
satisfactory account of itself in a
quiet weekend session today, with
continued liquidation in special
issues largely offset by the irregu-
lar improvement recorded in the
rank and file of speculative favor
ties.
Heavy pressure was brought TO
bear against both Case Threshing
and International Nickel, on re-
ports that a downward revision
in dividend rates will be ordered
at the next meeting of each.
Regain Lost Ground
Case Threshing, after breaking
to a new low at 52h, rallied to
541a. for a net loss on the day
of Ia points. international
Nickel was offered in large blocks
sinking to IL, for a net decline
of u point.
Short covering was almost en-
tirely responsible for the oetter
tone of the leaders. U. S. steel
finished the session close to lts
high at 857s for gain OF q. :.
Bethlehem Steel was up 70 at
S73s, American Can was l1s
higher at 925s, General Electric
uu "a at 4OA. Westinghouse up
u at 593s, Union Carbide up 20
at 40, Allied Chemical up u at
l07, Vanadium up % at 27H, and
Woolworth ur~lh.Iat 1914.
Utilities Strong
American Telephone was in the
van of the comeback in the utlll-
ties, moving up IA points to I'll;
International Telephone followed
with a gain of Y point at 27?s,
and Consolidated Gas was 7s
higher at 921s.
Auburn was a strong spot In
the motors, running up 3 points
to 145. Chrysler dipped rs to
24%, and General Motors was up
3s at 3724.
Rails were mixed, with Atchison
up ~ at 1853. New York Central
off "a at 1872, and Baltimore and
Ohio off "a at 48.
Turnover amounted to 100000
shares, on a par with the total
for last weeks two-hour session.
The Washington times., 1931-08-01

but also upon the organization of
industry and how often these
physical substances are counted:
in other words. how often tine
product of one factory becomes
the material of another.
Basis Of Analysis
Ahalyzing efforts made by
previous census reports to estimate
the extent of this duplication, by
ascertaing the value of manufac-
tured products that serve as ma
terials for other factories, the
conference board finds that the
proportion of the. value of such
products to the total value was
about one-third.
On this basis the net product of
manufacturing industry in 1929
was 46.7 billion dollars. This COM
puted net product is divided into
three elements, namely: Raw ma
teriaIS that had not previously
been subjected to manufacturing
processes, 1873 billion dollars; fuel
and power, about two billion dol
lars; and value added by manu-
facture, 31.8 billion dollars.
The value added by manufac-
ture, computed by subtracting
from the sum of the cost of ma
terialS and that of fuel and power
is subject to little further analysis.
Somewhat less than one-half is at
tributed to wages and salaries,
and the remainder, to miscellane-
Gus expenses and profits, which
are not separated.
OF the total payroll little over
IS per cent goes to wages, and a
little less than Is per cent to
salaries. The share attributed to
salaries is larger in 1929 than it
was in earlier enumerations; in
1928 it was 20 per cent. This in
creased proportion of salaried
workers in 1929 over that in 1928
seems to reflect the moderniza-
ton of factory administration,
with its emphasis upon control
and supervision.
The Washington times., 1931-08-01
BOND MARKET IRREGULAR

NEW YORK, Aug. / GN.SD.
The bond market ruled irregular
in a quiet session today, with
further slight declines evidenced
in the rail group and a generally
unsettled tone prevailing in the
foreign list.
Latin A merican bonds were
mixed, with Argentine obligations
under pressure. The Argentine IS
of September go were off 2 points
at IL but Chilean and Brazilian
bonds held comparatively steady.
German bonds were slightly
higher. with the 512s firming up
almost a point to ST, and the Is
moving up "a to 83H2.
United States Government obi
cations were steady, with the
Liberty First 412s unchanged at
1887. the Fourth 412s up 1872 at
104.26, and the United States
Treasury 31ss showing no change
at 1O1.14