davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
MRS. MISS COED
ONE AWFUL FIBBER

A DEGREE was obtained I'M
IA der false pretenses Monday
at Butler university.
1t was issued TO an "isn't-any-
more"
The spurious A. B. in philosophy
was handed to a miss who an
swered the roll call as Miss
Alice Shirk." She received Miss
Shirk's degree, but she wasn't
Miss Shirk.
And if that's being captious,
it's because the miss who accepted
the degree is now Mrs. Robert w.
Garten, nee Shirk, Of 1923 Gull
ford avenue.
MISS SHIRK ceased to he Sat-
1V1 urday afternoon at Martins
vile.
But she returned in time Mon
day from a short honeymoon to
become Miss Shirk,' and to dis
appoint numerous collectors of old
shoes and rice who planned to at
tend her wedding, scheduled for
Wednesday at the Tabernacle
Presbyterian church.
She is one Of two "co-eds" who
exchanged university cap-and-
gowns for bridal wells. Miss Lii
lian Pierson, 2703 North Pennsyl-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
Heaven Not Bankrupt

Do tnt68 Dptct0L
CICERO, Ind, June l6.-"r am
weary Of hearing people talk about
hard times in connection with gos-
pei work just as though heaven was
bankrupt or there was a deartf1 in
the spirit of God" declared r. D,
Nichol, Washington, D. c., associate
editor OF the Seventh Day Adven-
fist Review and Herald, official
paper OF the church, in addressing
the camp meeting of Indiana adj
ventistS in session here.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
On the Dot
That's How City Engineer
Brought the President
to Indianapolis.

IVES sir, way back in 1881 Gin
l. the spring if I remember
rightly was working for the Big
-Four and 1 put President
Hoover's special over the tracks
safely into Indianapolis right
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
TWO FIREMEN HURT
Flames Cause S125,o00 Loss at
Elwood.

By United Press
ELWOOD, Ind. June l6.-Dam-
age caused by flames which swept
two lumber yards here is estimated
today at $125,000.
The blaze was believed to have
been started by a spark from an
electric sander in one of the mills,
All the city's fire fighting apparatus
was used, but was handicapped by
lack of water.
Ernest McMinn and Loren Nc
Minds, firemen. were overcome while
fighting the flames. Gus Jones, g
motorcycle policeman. was injured
while en- route to the water plant
with plea for more water.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
KIRKLAND MEDICAL
WITNESS IN DENIAL
Money Chase
By Time Special

BY Times Special
COLUMBIA CITY, Ind, June
16.-Both in automobiles, Clar-
ence Isaac and j. c. Schullen,
raced around the Whitley
county courthouse here. Schulz
len wished to collect a bill from
Isaac. Both we're on foot at
the start. Isaac ran to his
automobile and tried to escape
and Schullen got into his car to
pursue him. After a wild dash
on a street, both motorists took
to the court house lawn. Each
will face a reckless driving
charge.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
RAILROADS UPHELD
BEFORE GRAIN MEN
TackfuI
By Times SpecfGs

By Tunes Specf0E
COLUMBIA CITY, Ind, June
l6.-Authorities hold a warrant
Tor the arrest of Albert Sharp.
farmer, alleged to have strewn
tackS, staples and nails on a
section Of State Road 30 at a
point two miles east of here, as
a means Of revenge upon his
tenant, A. G. Sutton. Seven
OF the articles punctured tires
OF Sutton's automobile and one
penetrated his shoe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16

on time, too,
never missed the
schedule yer
thirty seconds at
any point"
It's Benjamin
r. Garman, Big
Four engineer
speaking, som e
time III the dim
future when he
has retired to an
easy chair.
For Garman,
who lives at 1927
East Washington
street, was the
man who piloted
-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
Tax Payment Sets Record

ANDERSON. Ind. June is. -
Madison county taxpayers paid
81 .406,243.3l on the spring install
ment Of taxes, as shown by report
compiled by Miss Marcia H. Barton,
county treasurer. The total was
S67, 1000 greater than the spring in
stalment in 1880. The state receives
sl5e ,309.72 in the distribution OF the
money collected here.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
County Crash

By Times Special
DECATUR, Ind, June 1e. -
Mr.. and Mrs. Sam Schwartz
and Mr.. and Mrs. Charles Mil
Ter were tossed from one coun-
ty to another in an automobile
accident near here, but none
was seriously hurt. Riding in
Decatur county, their automo-
bile failed to make a turn and
crashed into fence which
serves as a boundary, and the
four we're flung over the fence
into Allen county.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
Hatched by Electricity
By United Press

By United Press
MONTICELLO, Ind, June 16-An
electric hatchery here Matched l4o
pheasantS for the Izaak Walton
League. More than 200 eggs were
taken from the Diamond Point
gane preserve for the setting.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
THIEVES LOOT STORE

Take About Everything Except
Walls in MartinSviIIe Robbery.
By Times Special
MARTINSVILLE, Ind, June 49,
About all that remained OF the Max
well Marshall store today were the
four walls and a ceiling.
Thieves who entered the store
stole tewelry, guns, flashlights and
a quantity Of other merchandise
Police officials who reported the
theft to Indianapolis authorities
told them the majority of the show
cases and shelves in the place are
bare. 1t is believed the robbers
used one or two trucks to haul the
loot.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-16
MOB CAPTURES NEGRO
Woul6-Be AssauIter of White Girl
Is Believed Lynched in South

Is Believed Lynched in South
By United Press
HUNTSVILLE, Ala, June 16.-
Search was made today for the body
Of Thomas Jasper, Negro, charged
with attempting to assault young
white girl, who was believed lynched
by a mob.
Police admitted that two men
forced their way into the city Jail
Monday night, filed the lock from
Jasper's cell, and carried him from
the building. Jasper appeared in
city court Monday, was fined $500,
and given jail sentence. It was
his second offense Of the same
nature.
The Washington times., 1931-01-03
ASSETS
OFF MILLIONS

Second National Investors Cor
poration today reported, in q pre-
liminary statement for the year
ended December 81, total net as'
sets Of $7,94S,730 against $10,27S,'
910 on December 81, 1929.
Market value of common stocks
on December 3 amounted to $6,
114,615, compared with a cost OF
$9,125,25S. Cash and call loans
amounted to $1,420,000. Net as
sets per share Of $5 convertible
preferred stock amounted to $79.49
against $1O2.SO share on Decem'
ber 81, 1929.
Third National Investors Cor
poration reported today total as
sets Of $7,013, ,429. against $9,O79.'
407 on December 81, 1929. Mar.
ket value Of securities amounted
to $8,816,238, compared with O
cost Of $9,181, ,O6O. Net assets per
share of common stocks as OF
December 81 totaled $31.88 a
share, against $41.27 o share on
December 81, 1929.
Fourth National Investors Cor
poration reported total net assets
as Of December 81 Of $l8,678, ,499,
against $23,4O1, ,944 on December
81, 1929. Market value OF secur1-
ties totaled $13,8O4,676, compared
with a cost Of $20.713,870. Net
assets per share totaled $S7.S6 a
share against $46.30 q share on
December 81, 1929.
The Washington times., 1931-01-03
CURB PRICES UP
IN WEEKEND
TRADING
Best Levels Since Mid-DeCern-
ber Are Seen; Utilities in
Vanguard of Upward Move

NEW YORK, Jan. 3.-The Curb
market moved ahead to its best
levels on the recovery from the
mid-December lows in active week
end dealings today, and brisk ad-
vances were the rule in the gen.
eral run of trading leaders.
With the action of the market
serving as the guide for the
speculative element, it's ability in
p!1rcing through previous resist
ance levels on the upside at
tracted a large following on the
bull side, with the remainder Of
the short interest scampering to
cover. The tendency Of the vol
ume to broaden out as prices
pointed upward was regarded as
distinctly favorable omen
and values in practically every
stock Of Importance showed sub
stantial enhancement at their
high levels in today's rise.
Utilities Gain
Utilities swung into the van Of
the forward drive with Duke
Power jumping five points to 1870,
Electric Bond and Share up 11s
at 4412, American Gas and Elec-
trio up one at 95, Electric Power
and Light warrants up 27s at "a,
and United Light and Power A
up 11s at. 1884, as the more
prominent strong spots in this
group.
Cities Service was actively
bought, moving up to 1917 for a
gain of one-half point. Oils
moved up the line sharply as
further gasoline price advances
were announced. Humble scared
57s points to 6312. Gulf was UP
312 at 691a, Vacuum showed 8
gain of 13s at 512s, and advances
of a point each were recorded in
Standard Of Indiana and Standard
of Kentucky.
Goldman Sachs showed to best
advantage in an irregularly i'm
proved investment trust group.
The Washington times., 1931-01-03
BY LEWIS HANEY
Director New York University Bureau
Of Business Research and Former
Economist Of Federal Trade

Commission
As we enter 1881 let us recog-
nize that we have all learned GER
tain lessons. We may well make
some New Year resolutions based
on those lessons.
First, it seems to me that we
have learned the old lesson that
there is no way for most of us to
"beat the game" We cannot and
should not expect to get some
thing for nothing.
Instead of trying to beat the
game let us strive to play the
game-to work hard and get en-
joyment out Of hard work.
Second, we have learned that
speculation Is dangerous, and that
all trading in stocks Is speculation.
Buying or selling stocks without
full information concerning the
earnings and management Of the
company and its financial posi-
ton is mere gambling. And such
information Is hard to get.
Shun An Tipsters
Therefore, no more speculation.
Let us forever Shun tips and tip
sters. If we buy stocks, let 1t be
for investment, which means, now
as always, paying chief attention
to the safety of the principal and
to income received. Any time we
find ourselves about to buy be-
cause the stock is going up" let
us beware. We are about to
speculate. It has been proved
once more that the chances are
10 to ! against the ordinary non
professional Speculator-and that
means you.
Third, we have learned that it
pays to face the facts. 1t does not
pay to think that conditions are
fundamentally sound" when they
are not so. We have learned that
strained bank credit and excessive
stocks of commodities are not
"psychologicap' conditions, to be
cured by cheerfulness.
So let us abhor bunk and de-
test blah. Let US pay no atten-
ton to the old sunshine artists.
Let us seek the whole truth about
business. That does not mean
pessimism. The pessimist is just
as wrong as the optimiSt. But it
does seem that we have suffered
the more from optimism In the
past two years.
The Washington times., 1931-01-03
Shun Speculation; Buying
For Investment Aduised

We can now see that by cur
failing production, iquidating
credit and reducing prices, busi-
ness is getting back to a sounder
condition. Therefore, let us get
ready for better business before
the end Of 1881.
How can we do this? First, by
each one getting in q liquid posi-
ton. Sell overvalued . things.
Hold on to things worth present
prices. Save money-money is
the one thing that is going up in
value just now.
Strive for economy. Prices are
lower, but costs can be reduced
and efficiency can be increased.
The year 1881 will not be so bad
for business meh who lead In re.
ducing expenses.
Get Prices In Line
Then get prices in line. The
price trend is downward, so the
quicker we get our goods priced
at the lowest level consistent with
a profit on the cost of replace
ment, the better. A good turn
over at q low mark-up is the way
to profits in 1881.
But let us avoid false economy
and keep ourselves personally
efficient. We should not scrimp
in the mater Of expenditures for
good, sound living or education.
Above all, let us not worry.
We can now see the worst.
Hope and courage based on facts
should be our watchword.
The Washington times., 1931-01-03
B D n D 5 SWING
UPWARD

NEW YORK, Jan. 8 GN.SJ.
With the exception of a small
number Of the inactive South
American and European issues,
all sections Of the bond market
pushed ahead to higher price
levels in the weekend market. A
spectacular 8-point rise in the 5
per cent bonds of the City Of
Brisbane, Australia, to SO. and q
Jump to 6k points in the IS, Of
1857, Of the same city, featured
the dormant foreign bond list.
Railroad bonds were firm, fol-
lowing the announcement of COM
plete agreement of the big chiefs
relative to the four-line Eastern
consolidation. Missouri Pacific As
rose 1A to u, st. Paul adjust
ment IS were up a point to 80,
and Atchison convertible 41aS ad-
vanced 21a to 1854.
Liberty bonds were firm, with
old 31as up fractionally at 1O1.3O,
First 4As at 102.30, and Fourth
414s at 1881. Brazilian 61as led
the rising South American group,
with an advance Of 11a at 81.
The Washington times., 1931-01-03
LOwIy "Spud" Gets
Place on Market

CHICAGO, Jan. 3.-Trading in
potato futures will be started the
first time on the Chicago Mer.
camille Exchange. January IL, 1t
was announced today. Exchange
members for several weeks have
been comforting with potato deal
ers, drawing up rules for trading
and organizing the new market.
Trading with open In Idaho
russets, for March delivery. The
U. S. No. 1 grading will be used
as the standard, with a few
changes that will make the ex-
change requirements slightly
higher than that grading.
The Washington times., 1931-01-03

ana is frequently seen on the
bride paths about Washington.
At one time he was one of the
leading oarsmen of the city and
is a member Of the Analostan
Boat Club.
His best claim to perpetuation
in washington history, from the
sentimental standpoint, his friends
claim. is that he was prominent
member Of the world famous
National Rifles" the military
organization which was at one
time equal to the famous "Rich-
mond Blues" and the Ancient
and Honorable Light Artillery
Of Boston,"
1t was in this capacity that
he gained fame as a tactician
and even today he often displays
a complete. knowledge of military
science.
He has been prominent for
years In the American Institute
of Banking and is a member of
numerous clubs, among them the
National Press Club. He counts
among his friends men and
women from practically all walks
Of life and has been friendly
with Presidents. Vice Presidents,
Senators. and others in official
life.
The Washington times., 1931-01-03
BETTERMARKET
|SFORECAST

Predictions of a turn for the
better in the market were made
in brokerage circles today.
First quarter of this year will
be marked by substantial recovery
in the Observation-Disclosures
& WEEKS.
It is likely that there will be
some selling and testing Of the
markets technical position within
the next few days.-OTTS & CO.
There Is every reason to look
for signs of a turn during 1881
and to expect a real recovery
when the closing letter for 1881 is
written a year from today.-E. F.
HUTTON & co.
For the time being a better
market may be looked for.-H.
HENTZ g. co.
The Washington times., 1931-01-03
PRICES | D v { R
On COTTON

NEW YORK, Jan. 3 U.N.SD.
The New York cotton market was
slightly lower during the early
trading today owing to the failure
of the Liverpool market to make
a full response to our advance
yesterday. There was some scat
tered selling. Offers were not
large, however, and while there
was an absence Of the active
covering which characterized
yesterdays market, there was d
fair demand and the undertone
was steady.
The further advance of the
stock market seemed to stimulate
confidence to some extent, and
with the added stability displayed
by the cotton textiles, prices
throughout the list regained the
early losses.
At the start of the final hour,
January, new, sold at $9.97, un-
changed; March at $10.17, UP l;
May at $10.45, up /; July at
$10.71, up 6, and December at
$11.02, UP 5.
It was said that unless the
Alexandria cotton market i'm
proves, the Egyptian government
is likely to close the futures eX-
change. The Egyptian govern
ment claims that Spectators are
responsible for the rather severe
decline in Egyptian futures. Pro-
fessional spectators were sus-
pended from the futures market
at Alexandria for IS days ended
December 20. In order to avoid
further action, the SPECTATORS
volunteered to remain out of the
mHrket until January 4.
The Washington times., 1931-01-03
MILES
Of ROADS
MERGED
Pennsy, B. & o., N. Y. c., c.
& 0. Figure In Unity Plan;
|. C. C. Receives Roads Plan

NEW YORK, Jan. 8 GNS)
Ten years Of negotiation and con-
troversy was ended today after
presidents of Eastern trunk lines
announced a plan for consolidat.
ing the chief railroads in their
territories into four great sys.
TENS. With a mileage of about
$4,000, these roads comprise about
one-fifth of the mileage of the
entire country. Each Of the four
enlarged systems would be worth
about $4,000, 900, 900.
Announcement was made last
night through issuance of a copy
Of a letter sent to the Interstate
Commerce Commission. The Of.
ficials informed the commission
Of contents Of the letter by tele.
phone before making it. public.
The agreement was signed by w.
w. Atterbury, Of the Pennsylvania
Railway; P. z. Crowley, president
Of the New York Central Rail.
road; Daniel willard, president
Of the Baltimore and Ohio Rail.
road, and j. j. Bernet, president
Of the Chesapeake and Ohio
Railroad.
Each Road q Base
Each of the Railroad whose
presidents signed would become
a basis for an enlarged trunk
line.
The allocations agreed on were
To the New York Central-the
Delaware, Lackawanna and
Western railroad, and q direct
connection with the Virginian
Railway at Deepwater, including
joint rates and routes over that
railway.
To the Pennsylvania h e
Wabash, the Detroit, Toledo and
Ironton, and the Norfolk and
Western.
To the Baltimore and Ohio
the Ann Arbor railroad, the Read.
ing and Central railroad Of New
Jersey. and Western Maryland
Buffalo, Rochester and Pitts.
burgh, and Buffalo and Susque.
hanna, the Lehlgh and Hudson
River, and the Chicago and
Alton.
To the Chesapeake and Ohio
Nickel Plate System and the
Hooking Valley. will be added the
Erie railroad. the Bessemer and
Lake Erie, the Pere Marquette,
the Wheeling and Lake Erie, the
Chicago and Eastern Illinois, and
the Lehigh Valley, with certain
rights to the Pennsylvania on
the Lehigh Valley.
The Grand Trunk Western
Lines are to continue with the
Canadian National Railways.
Four Lines Assigned
The general plan also will re-
commend the assignment Of the
following railroads to the four
systems Jointly:
Lehigh and New England, the
Delaware and Hudson, the MO
nongahela, Montour, Pittsburgh
and West Virginia. and the Pitts
burgh, Charters and Youghigo
heny.
The Washington times., 1931-01-03
CHICAGO LIVESTOCK

CHICAGO, Jan. 3 U.N.s).-Livestock {:
Hogs-Receipts. 5000; market steady
to weak. Top, Ss.25; bulk. S6.SO0s.3O: |:
heavy weight $7.20@770: medium
S25; light lights, $s10@S.25: packing
sows, $6.25@6.T5; pigs, $7.T5@s.25;
holdovers, 5000.
Cattle-Receipts. 500: market steady.
Calves: Receipts, 100: market steady.
Beef steers: Good and choice, $11.BO@
11.35; common and medium. $7@11: /:
yearlings. $7@14.75. Butcher cattle:
HeIfers. s5.5O@12; cows. $4@7.So; bulls.
$5.500S.75; stocker steers. SS.B0@9;
stocker cows and heifers. $l97.
Sheep-Receipts, 5000: market steady.
Medium and choice lambs, S7.50@S.75:
@6.50: common and choice ewes, $40
$50: feeder lambs. $6.5o@725.
The Washington times., 1931-01-03
BUSINESS SEEN
AGAIN NEAR
NORMAL
Insurance Company Head Says
Way Opening Up to Greater
Prosperity Than Ever Before

NEW YORK, Jan. 3 U.N.S0.-
That sound business lines are be-
ginning to work back to normal
position and the way opening UP
to an even greater prosperity
than we have ever known is the
opinion expressed today by Fred
erick H. Ecker, president OF the
Metropolitan Life Insurance Com
pany.
Is Like Wind
Mr.. Ecker compares the events
of the last year or two with the
effects Of a devastating wind
which, passing through the for
est, uproots the weak and rotted
timber while sound growth 10
able to weather the gale. He
added:
I'm our recent business staAe
we have been swept by o storm.
Depression is real. UnemplOy-
ment at the present time 10 I'M
questiOnably greater than IN
192O-21, but I see as our great
est hope the fact that we have
passed through the worst Of It,
and while there still are ruins,
they are the ruins Of the weaker
and maIadjusted elem ents.
Sound business lines are begin.
ming to work back to normal
position and the way Is begin
ming to open UP to an. even
greater era Of prosperity than
we have known.
Farms Need Aid
'The only thing In the M
ture Of q prediction that seems
sOundly based in this: Since
the fundamental reasons for
the present depression can be
traced back as far as the col.
lapse in agricultural values Inn.
mediately after the war, we
hardly can expect o real re-
sumption until agriculture again
has been established on q sound
plane. At the earliest, then, we
must await the result Of next
years crops. In the meantime,
the Federal Farm Board, the
sometimes abused tariff bill.
fOresighted farmers themselves
all are at work to bring shout
an improvement. But to be
effective, their efforts must be
toward real and not artificial
remedies: palIiatives can bring
no permanent cure"
Mr.. Ecker points out that life
insurance Jared well in 1880. The
total of $18,50O,000,000 in new
business during the year is on O
par with the record Of 1928, when
prosperity was nearing its peak,
ana that figure has been en-.
ceeded in all insurance history
only by the production Of the
record year Of 1929.
The Washington times., 1931-01-03
METAL MARKETS

NEW YORK. Jan. U.N.s.).-cop-
per buying was quiet today on both
foreign and domestic account Electro
lytic, for domestic shipment, sold at
1OlA cents a pound delivered to the
end of May, and copper for foreign
shipment was at 1890 cents q pound
c. I. F. Hamburg, Havre and London.
Zinc buying was almost nominal,
with prime Western zinc at ~ cents
q pound East st. Louis.
Lead buying was small, with the
price unchanged at $40 cents pound
New York and, 4.95 cents pound
ST Louis.
The Washington times., 1931-01-03
A Year Ago

Stocks broke badly In the last
half hour Of trading.
Sales of the New York Stock
Exchange tOtaIed $4,000
shares for the day.
Call money ruled at 9 per
cent all day.
A receivership suit was filed
against the Fox Film Corp.
Allied Chemical lost 8 St 174.
Columbian Carbon dropped 2
TO 174.
Detroit Edison was off { at
400.
The Washington times., 1931-01-03
MONEY MARKETS

NEW YORK, Jan. 3 (LN.s).-call
money was held over at IL per cent to-
day and Q per cent on the curb.
The time money market was dull with
SO and 80 days at IA to az per cent.
100 to 1S0 days at az to per cent.
Bankers acceptance rates have been
cent to Y per cent for 80 to 30 days,
u per cent for 100 days, and per cent
fer 150 and $50 dayR
Commercial paper was unchanged with
prime namsg quoted ak az TO . peS seat.
The Washington times., 1931-01-03
Goodyear Argentine
Plant Opens Soon

The Goodyear Tire and Rub
ber Company'S plant at Hurting
ham, near BuenoS Aires, will be
formally opened in February. C.
Slusser, vice president and fac
tory manager Of the parent COM
pany, and A. q. Cameron, vice
president Of the Goodyear Tire
and Rubber Export Company,
will leave Akron early this month
to participate in the inaugural
ceremonies
The Washington times., 1931-01-03
Stock Trading Was
Larger in December

Trading on the New York
stock Exchange in December
amounted to 5S,764, ,402 shares,
against 51,e45,84O shares in No
vember and 1885,, 800 shares,
in December, 1929.
The heaviest days trading was
on December II, when 5,005, 1855
shares changed hands. The light
est day was 1,1O7, ,507 shares on
December /. Trading for the en-
tire year amounted to 810,626, ,276
shares, compared with i,124,990,-
$50 shares in 1929, the record
year.