davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06
PI BETA PHI WILL
OBSERVE FOUNDING

Indiana Gamma Alumnae Club
of Pi~Beta Phi will celebrate the
tenth anniversary of its founding
with bridge party at 8 Monday at
the home of Mrs. E. E. Temperly,
SAIL Washington boulevard.
All Indiana Gammas are urged to
attend and make reservations early
with Mrs. Robert Schetter, 651 East
Forty-eighth street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06
TAU DELTA TAU TO
Be SUPPER GUESTS

Miss Mary Esther Kinney will
entertain members of the Tau Delta
Tau sorority with a waffle supper
at tonight at her home on Shirley
lake. Guests will be:
Misses Kathryn Hartley Violet Rawlings,
Kathryn Ellwanger, Bineda Mitchell Treva
wickham Gladys Saunders, Betty Eli
Nanger, and Lena Fredericks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06

Miss Charlotte Sharpe recently
was elected president Of the Owl
Club. Other officers are: Miss
Mary Marks, treasurer; Mrs.
Lynn Cray, secretary, and Miss
Frances Hellman, publicity chair
man.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06
Club to Hear Rendinns

Woman's Lions Club will meet for
luncheon Wednesday at the Sphinx
Arms. Mrs. Helen Morton will read.
The club also will hold a dinner
bridge party at Avalon Country
Club Thursday.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06
Joint Meetinn Slated

Alpha and Gamma chapters of
Gamma Delta Alpha sorority win
holda Joint business meeting to-
night at the Antlers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06
Officers to Be Installed

Marion Council No, 1888, Security
Benefit Association, will install Off
GERS Wednesday night at the hall,
1862 East Maryland street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06
MeetinG Is Scheduled

Major Robert Anderson, w. R. c.,
will meet at las Tuesday at Fl
Friendly. Mrs. Etna Hudson is pres
ident.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06

Theta Chapter to Meet
Theta chapter, Pi Omicron soror-
lty, will meet at 7:15 tonight at the
Sphinx Arms.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06


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The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-10-06

THE Paradise decoration for
4 hats is taboo in America, but
its appearance on many smart
French models has influenced this
country's millinery mode. The
feather balances the shallow brim
on this distinctive hat by Mado.
The Washington times., 1931-03-04
CURB EXCHANGE
YEAR L|MNED

NEW YORK, March 4.-De-
claring that the widespread ma
terial losses that the downward
swing of business brought last
year will make lasting impress
sion in the financial and indus
trial world, William S. Muller,
president of the New York Curb
Exchange, in his annual report Of
1880, points out that a strong
conviction existed prior to 1929,
that cyclical tendencies had at
last seen their day in this coun-
try.
Referring to the activities of
the curb exchange itself, Mr..
Muller said he was especially
pleased to report on the success
OF the new money post estab-
lished April %, 1890.
At the end of the calendar
year a total of $61 ,O0O,0O was
loaned he said and during this
period loans from 100000 to
$1,000,000, at a rate ranging from
2 per cent to Az per cent, have
been placed.
He anticipates when trading
activity is renewed and the public
again enters the stock market.
the slack in money will be taken
in and this will have a tendency
to bring in many of the special
loans" now outstanding,
The Washington times., 1931-03-04
CUTS
FORECAST BY
SPECTATOR
Stocks Expert Says Traders
Are Beginning to Realize
Reductions Are Necessary
BY THE WALL STREET
SPECTATOR

NEW YORK, March The
stock market has finally begun to
take cognizance of the fact that
the present state of business con-
,ditions will neceSsitate a number
of omissions and reductions in
dividend rates.
Thus the market not only has to
face a long list of decidedly un-
favorable earnings reports for the
first quarter of the year in the
near future, but it will be forced
to digest innumerable dividend
cuts, with prominent corporations
among those commonly mentioned
as being in line for this action.
1t Is no wonder then that prog.
resS from these levels is becoming
a more and more difficult task
for even the hardest bulls to
undertake.
Price Changes Nominal
Taking an unbiased view of the
action of the market yesterday,
there is no question but that on
the surface it gave a satisfactory
account of itself. With the excep-
tion of handful of issues, price
changes were largely nominal, but
generally in the direction of de-
cline. The usually volatile index
of 80 industrial issues employed
by Dow-Jones showed a loss of but
81 cents, while the Standard Sta
tiStics index of 80 composite stocks
was off nine-tenths of a point.
Were it not for the obvious
weakness of the carrier group in
the past few days, the current
reaction might possibly be set
down as due to technical condi-
tions after the vigorous recovery
during February. But the rails
have not been participating in
the general market improvement
Of the closing weeks of last
month. On the contrary they
have been churning around within
a 2-point price range, for some
time.
Rails No Buy Yet
Despite the substantial setback
which the rails have sustained in
the past few days, this group is
still regarded as particularly I'm
attractive, and in the opinion of
market interests will remain so
until the Interstate Commerce
Commission consents to a con-
Structive plan of consolidation.
It is pointed out that earnings
and activity in the transporta-
ton industry are still on the
down-grade, with car loadings
for the seven weeks Of 1881, ended
February IA, showing a decline
of 1871 per cent below the like
period of 1880. This compares
with a loss during the last four
weeks of 1880 of 1876 per cent
from the last four weeks of 1929,
and loss of 13 per cent for the
year below the year 1929.
While the recent strength in
Gillette Safety Razor has been
mystifying to many onlookers in
view of it's passing of the COM
mon dividend, it is explained by
the knowledge that the earnings
statement for 1880, shortly to be
released, will show net income
equivalent to about $3.70 per
share.
The Washington times., 1931-03-04
Inquiries Cheer
MachinerH Trade

Inquiries continue to furnish
the basis for optimism in machin-
cry trading.
Sales now being made are large
ly due to intensive sales efforts
or absolute need by the purchaser,
but majority opinion in trade cir
cles holds to the view that the
situation is promising.
The Washington times., 1931-03-04
Foreign Ships To Be
Sold bY I. NJ. NJ. Lines

E. C. Plummer, acting chair
man of the Shipping Board, an
nounced the Roosevelt Steamship
Company and the International
Mercantile Marine Company plan
to merge and dispose of foreign
tonnage owned and operated by
the latter company as soon as pos
Sible.
Members of the Shipping Board
yesterday discussed the various
angels of the merger with John
M. Franklin and Basil Harris,
vice presidents of the two con-
Germs,
The Washington times., 1931-03-04
SALE OUTBURST
RACKS WHOLE
MARKET
AtChiSon Loses 7 Points and
Other Roads Suffer Heavy
Drops, Utilities Following
BY w. S. COUSINS

q. NEW YORK, March 4 0.N.S0.
s Sweeping declines in the railroad
stocks at the beginning of trad
ing today unsettled the whole
market and paved the way for an
outburst of selling which carried
Z downward the whole list Of in
dustrial stocks and utility favor
ties to the lowest levels on the
move.
Weakness in the rails was due
to the further shrinkage in car
freight loadings, to the fear of
dividend cuts by number Of
prominent roads, and to the dis
appointing prospect for rail con-
= SolidationS.
Heavy Losses Scored
~ ,Atchison, at the head of the
list, dropped off about z points
to 1881. Union Pacific lost 5
points. Ne wCentral continued
its downward move and lost 3
points at lit. This stock is down
is points from the high of last
Fweek.
Southern Railway suffered a
new loss of "a at 525s; Missouri
Pacific was down 2A at 3512. st.
Louis San Francisco, on which
dividend action is due later in
the day, sold today at 1924,
against yesterdays best price at
1884.
The utilities started the day at
higher prices, but the selling
deluge swept a dozen or more of
the favorites close to their resist
ar1ce points,"
Auburn Auto moved off to
1881, down 6A, and losses of /
!. to 27a points were recorded for
Radio, American Can and other
active industrialS. United States
Steel at 1872 showed a new loss
Of 112, and Bethlehem Steel
reached nwe low on the move
at 63A, down 15s.
The Washington times., 1931-03-04
Wool Trade WUqe
Minimum LikeIL

NEW YORK, March 4.-The
minimum wage plan for a 49,
hour week placed before the in
duStry by A. T. Levy, president
of the Saltwater Worsted Mills,
may result in a new basis of
wage payment in the wooden in.
duStry.
The saltwater plan, based on
a 48-hour week, follows: Boys, 16
to 18 years, $14; boys, 18 to 20,
$18; men, 20 to %, $40; men, %
to "a, $22, and men over "a, S24
a week. For girls 16 to 18 the
wage is $14; 18 to 20, $16, and
women over $40 years, $1S.
The Washington times., 1931-03-04
Du POnt Again Cuts
CeLLODhdne Price

The du Pont Cellophane Co. cut
the price of cellophane 10 to Is
cents a pound. The regular type
of cellophane was cut 10 cents to
so cents a pound, and the mois-
ture proof variety was reduced Is
cents to rs cents a pound.
This is the twelfth reduction in
the price of the product since it's
manufacture was begun several
years ago.
The Washington times., 1931-03-04
BOND CALLS INCREASE

Bonds called in whole or in
part during January totaled 1O6
involving $84,260,344
against SO issues and $22,791 1853
in January, 1880, and 142 issues
involving $118,919,466 in January,
1929, according to the Standard
Statistics Company, Of New York.
The Washington times., 1931-03-04
WASHINGTON STOCK EXCHANGE
SALES


Washington Gas IS A, $1,000
1O2. ,
Norfolk and Western Steamboat
Company, 10000.
Potomac Electric 6 per cent
pfd., 1@111.
Potomac Electric 512 per cent
pfd., 5000, 2@1O8A.
Washington Railway and Elec-
trio pfd., 1O0@97A, 10Q97A, 400
9724, 15@97A, 1O@97A.
Real Estate Mortgage and Guar
anty pfd., 100000.
After call-Capital Traction SIS,
$5O0@8112.
Columbia Sand and Gravel pfd.,
5000, 1909.
washington Gas IS A, $1,000
102.
Washington Railway and Elec-
trio As, $5O0@8634, $500@86A.
PnhIiC Utility ROnds Bid Ask
The Washington times., 1931-12-23
No Cancellation
Congress Knocks That Scheme Into Cooked Hat

Thanks the aggressive stand Of majority of the House
of Representatives the scheme to cancel reduce America
just claims Europe has been knocked into cooked hat
Congress gave the Administration the international bankers
and the debtor nations plainly to understand that this country
proposes to get its money back.
Those who have thought otherwewho have thought that
the American taxpayer could be made sucker indefinitely
may reflect that.
The tired of being Europes scapegoa and it has
served notice of this fact all interested.
Although the House approved moratorium the
airing this got in the hearings there and in the
Senate have been valuable to the American people.
The utterly unconstitutional way in which the moratorium
was first put over has been clearly exposed.
There the slightest authority for making such an
agreement without the consent of Congress.
That consent could be legally given the time without
q special session.
The Administration did not call special session. and its
departure fundamental law Of the land has now been
brought home to all intelligent citizens.
There is little danger that such proceeding will be re-
peated.
The people still believe in the Constitution whatever the
Administration believes.
The pressure of of great banking institutions on
our get the debts scaled down Tor ne
benefit of themselves or their customers also been
vealed by the testimony in Washington Of the bankers them
selves.
The banks have made large profits from floating private
foreign loans They have unoadd most of these loans on
private American investors
One nationally known banker testes that such foreign
.acurties are now distributed among million and half
American citizens
If So we must admire good fortune of the banks IN
'rettnp out from under As Senator Gore OF Oklahoma
marks I is Tom Dick Harry who will take the losses
T. does not follow however that to protect loOOOO
Toms Dicks and Harrys the nation should torego It's 0"
vastly greater claims Europe. - . -.
There are hundred and twenty million Americans VIZ
hold those PUBLIC claims and the rights of the 2OOOOOOO
come first.
The Washington times., 1931-12-23
Unanimity of Opinion
Mrs. Norton Asks the Impossible

Representative Mary T. Norton, the chairman Of the
House District Committee asks that citizens of Washington
present unanmy of opinion when appearing before her
committee
This would be happy solution of all Of the cys prob
lens if it could be achieved but unfortunately not
The of obtaining expression of public sentiment
in the District obviously faulty and the congressional COM
tees will have determine which of the many expressions
they receive given best represents the public
Mrs Norton asks District residents to do what she would
never expect her New Jersey constituents to do
she any other member Of Congress- could make the
folks back home agree all issues would have permanent
Congressman and Senators. There would be trick in
determining what ones constituents wanted and giving
to them.
The people of Washington of other communities band
together in groups each group fostering the purposes for
which it created
There is central body in Washington through which
these groups funnel their particular desires to mesh
them into pattern which will be Immediately clear the
House and Senate
probably better for the National Capital that unanmity
does not mark the thinking of its inhabitants
The majority is not nfrequeny wrong in its aims Con-
gress knows When this is true is the duty of Congress
set the majority along the straight path
the majority Immediately slenced the minority and Con
gress took the majority opinion the unanimous expression
Of the city the legislative functonng would be wonderful
to behol0A
The Washington times., 1931-12-23
Assuring Fair Dealing
Blaine Bill Would Strengthen Realty

The bill to regulate and license real estate brokers anu
saesmen if adopted would tend to increase confluence
Washington realty transactions somewhat disturbed by recen
revelations in the investment field
There is no sounder value which could be purchased IMAM
roror+ in the National Capital AS matter of fact the
scandals which surrounded local investments short time ago
did not involve real estate values as SUCH
But the business has had to pay and pay dearly
for the loot taken by the so-caled investment men
scoundrels floaed millions Of dollars worth OF securities
with local nropertes as their base the base heavily
obscured bv the securities These traded the good
name of Washington and the characters built by reputable
dealers -
Passage of the Blaine real estate license BILL while would
subject real estate dealers inconvenience would be
reassuring move . A..
Through its workings the public would be assured that
those with whom they traded real estate of sound
character . 80,
Buyers would know the fraudulent promoter could
not get into the city.
The suffered would be than offset by
this renewed confidence.
The Washington times., 1931-12-23
Why Should Unborn
Americans Pay Debts?

By implication Mr.. Mitchell
would have us believe that
the American people are re-
sponsible for the reparations
we, who asked and re-
ceived not one penny of rep
arations; we, who neither
asked nor took one inch of
German territory; we, who
probably prevented the dis
memberment of Germany.
The impression one gets
from Mr.. Mitchell is that if
the nations that demand and
receive the reparations drive
Germany to desperation we,
in some mysterious way, are
responsible. If the purpose
is to prevent a rebellion of
the German youth would it
not be more to the point to
ask the nations that exact
the reparations in full to
scale them down? Why
should American youth take
all the burden and carry it
through the years? Senator
Reed put this question to the
banker:
Now, why should the
progeny of Americans who
had nothing to do with the
war, the progeny of Ameri-
cans who were not even
alive, pay this war debt. and
progeny of the people who
started it go scot free? Why
is not the psychology that is
going to grow up in this
country by refusing to cancel
these debts going to be q
complete checkmate to the
psychology abroad that
wants to have these debts
forgiven?"
There is not much of an
answer to that.
The Washington times., 1931-12-23
Bankers Give Us
Light!
-Bu Claude G. BOUerS

down, if not a complete
transfer of the debts owing
US. In making something of
an argument in favor of it
he dwelt at some length on
the great burden of the repa-
rations on Germany; on the
plan to pass the burden on
from generation to genera
ton, and he concluded that
the youth of Germany ulti-
mately will rebel.
We have never thought
that Germany should be
asked to bear the whole
burden of the war; have al
ways thought the repara-
tions were too heavy; but
when we loaned money to
the IA nations allied against
Germany there was no sug-
gestion or thought that the
payment of the debt was
conditional on the payment
of all the reparations.
The Washington times., 1931-12-23
LISTEN, WORLD!
By Elsie Robinson

What's that you're saying
You won't be Pollyanna?
Nobody's asking you to.
Going-through- the-gestures
Isn't being Pollyanna,
It's just being
CIVILIZED.
That's how civilization hap
pened-
BY men making gallant gestures
That they didn't feel
BY men acting brave
When their knees were shak.
ing ...
BY men acting gay
When their ears we're trailing
BY men acting hopeful
When their hearts were hol-
loW-
BY men keeping cool
When life was burning them
up.
MEN GOING THROUGH GEES.
TURES-
That's how civilization was
achieved,
That's how every good thing is
achieved.
Brotherly love doesn't "just
happen
Prosperity doesn't "just hap
PEN
, All these good things are
achieved.
First there must be the Dream
OF something finer
Then the Desire
For something finer
Then the GESTURE
And then, presently,
After we have dreamed
enough,
And desired enough,
And made enough gestures
THE GESTURE BECOMES
A HABIT
AND THE DREAM COMES
TRUE.
So if you want ChriStmases
That are really merry
And brotherly love
That really works
All the year round,
GET BUSY AND GET
GOING!
Cut out the lamentations
And the melancholy pro-
phecies,
And the goat-getting
Economic analyses
AND TART MAKING
GESTURES!
Hopeful gestures
Generous gestures,
Brave gestu- Is-
Start acting as f you be-
lieved
In yourself.
In your fello man,
In your country
And your God
And presently. bigolly,
YOU'LL FIND THAT YOU
DO!
copyright. 1881. King Features
Syndicate. Inch
The Washington times., 1931-12-23
Not Loaded Down
With German Bonds

The appearance before
the Senate committee of Mr..
Lamont, of the house OF
Morgan, and Mr.. Mitchell,
of the National City Bank,
should have some salutary
effects. Rumor had brulted
it abroad that some of the
large banks were LOADED
down" with German secur-
tiles. and that the collapse
of Germany might prove
disastrous to these institu-
tions. Everyone has heard
this talk.
The effect has not been
to create confidence. The
big kers who were
"dragged" before the COM
mittee owe a debt of ap-
probation to the Senators
who summoned them.
They have been able to
convince the country that
the rumors are false; that
none of the great financial
institutions mentioned In
the gossip are so loaded
down as to cause them serl-
GUS embarrassment whatever
may happen. This is we'll
worth while. The senate has
done for them what a state
ment from them to the pub
lie might have accomplished
long ago.
It appears that these Ger
man securities are now IN
the hands of private in
vestors throughout the coun-
try who bought them. The
banks that sponsored them
and passed them on to the
country may feel some re-
sponsibility to the investors,
but they themselves are Sc
cure.
The Washington times., 1931-12-23
WISE WORDS

Plough deep, while sluggards
sleep,
And you shall have corn to
sell or keep.
Franklin.
Insults are like bad coins; we
cannot help their being offered
to us, but we need not take
them. -Spurgeon.
slept. and dreamed that life
was Beauty;
I woke, and found that life was
Duty. Hooper.
They that approve a private
opinion, call it opinion; and
they that nIiSlike it, heresy;
and yet heresy signifies moth
ing more than private opinion.
Hobbies.
When you cannot find your
repose in yourself. it is useless
to look elsewhere.
La Rochefoucauld.
The more men know, the
more they deceive themselves.
The. only way to avoid error Is
ignorance. Rousseau.
The Washington times., 1931-12-23

THE Democratic leader
l. ship in the House of
Representatives d eserve
congratulations on the man
ner in which the majority
conducted itself last wee k
during the rather hectic
fight on the moratorium.
The more sensational fea-
lures were reserved for the
Republicans, who insisted
on washing their dirty linen
in public, and apparently
there is much of it.
1t was a prominent Re
publican from Pennsylvania,
but recently honored by his
party with the chairman
ship of one of the outstand-
ing committees of the House,
who made the slashing at
tack upon the President
with the charge that he had
sold out the country, and
the attacks of a personal
character on McFadden came
from the Republican side.
Somehow in the scrimmag-
ing the "high hat" of the
Republicans was knocked
off, but every Democrat had
his hand in his pocket.
Charges the most serious
were passed back and forth
on the Republican side, and
Representative Rankin has
served notice that unless
these Kilkenny cat fights of
the minority cease to inter
fere with the nations busi-
ness he will ask for an in
vestigation of all the charges.
This ought to bring the un-
savory episode to a con-
clusion.
The Washington times., 1931-12-23
Generosity Creates
Impression of "Suckers"

The truth is that our ex-
traordinary generosity has
created the impression that
we Americans are the suck
ers" that Bernard Shaw
calls us. No such proposition
as that of taking over the
debts of other nations and
putting them on the backs
Of Frenchmen or Italians, for
illustration, would ever be
made; least of all consid-
cred. Should Laval spon-
sor any such sacrifice for
France, how long would the
Laval ministry stand?
No one wants to wreck
the big banks; but now we
have it that the banks are
not endangered by these
private loans to Germany.
The securities are now in
the hands of private invest
ors. Surely it is not to be
proposed that all the people
shall be taxed for many
years to the end that in
vestors in foreign securities
shall not lose on their in
vestment. There are mil
lions of Americans who have
lost on American invest
ments, and no one is pro-
posing that all Americans
shall be taxed to make good
the losses Of investors on
the market here. Create the
impression that if Americans
lose on foreign securities the
American people will be
taxed to make it good, but
if they lose On American
investments they lose, and
it will be difficult to float
American securities in the
future as long as foreign
securities may be had.
The transfer of the debts
to American shoulders is as
dead as Alexander the Great.
The Washington times., 1931-12-23
'ONCE-OVERS

emily regular attendance tn
beauty of the precept exempli-
fled is lost and the suggestions
not personally realized.
To belong to fewer orders and
understand them more perfect
ly is wise.
Most men have too many
fraternal interests.
They attend the meetings so
infrequently that they really
do not get enough out Of them
to pay for the outlay, but that
is their own fault.
The. is too much dead tir"-
ber in practically every organi-
zation.
LODGES or orders would be
better off without those Who
merel..' pay dues.
They are not Of benefit to the
organizations.
Copyright, 1881, by International
Feature Serviess kne.1