davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
Friday H. S.
Cage Scores
CITY SCHOOLS

CITY SCHOOLS
Tech, 81; Kokomo. %.
shortridge., Is; washington. a.
Carmel, "a: Broad Ripple. 10.
OTHER SCHOOLS
Columbia city. So; Angola, 6.
Bunker Hill. 81; Amboy. "a.
Attica, "a: Brook. II.
f BainSrdge 81 81 R RlSGRiIps'Glaa II. a.
B RGHt5ile 26 & North Side ut wayne). 49,
Brow RsSi9i ~ 20; GTeenwood. 10.
Bourbon, 10; Atwood. 49,.
Newcastle. 20 Connersville. ID.
Mcmillan 35i ai ca IaWegIf.. 49, 49,
Lebanon. 90: CraWfordSVllle. ~.
Hammond Tech. S5; Crown Point, 3:
:, Center Grove %; Masonic Home 'FrahN-
u Ladoga. SO; Darlington, II.
Jefferson Let aNtTaf III 22 w Psrpn g.
Roosevelt EAST Chicago). %: Whiting.
shaspsyilI!es. 90: F EEsOs1;or 70 n.
Fowler. Al; Rensselaer,. q.
Freetown, 8; Cortland, ID.
MiGhig gg 9E ao %; 9105a is u.s.
jackson, "a; Flat Rock, %:
Windfall, II; Greentown, 10.
Greensburg, SO; Madison, 19.
SSoutbport' Is; Greenfield. 20.
Galveston, %; Lincoln, 10.
Goodiand. So; Freeland Park, %.
MARSHALL nSisSiaiil 81; Hillsdale, 20.
Hammond. %; Hobart, II.
Huntingburg, 80; Princeton, 80.
, JamssSD~ township O' q; WsveIand, 8.
Hiiisbopo. ss: Kingman, 20.
Kendallville,. 80; Decatur, II.
Xapflopd MnrrOCCO. 16.
CLAY City. Is; Linton, 81 (overtime).
MaTtinsviile, %; Vincennes. 81 double
Nj Merriilvine, 10; Hebron. 10.
Marengo. 81: Leavenworth. II.
Muncie. "a: Marion. ~ 80
Roachdais, rs; Ne MoS Min rSi1is 49,
osgood. is: sunman, 2s. -
9x Ms@sL,l 49, a M0q ptossyTile = a.
Mitchell. 20: Orleans, H..
Plymouth. 3s;. Rochester; "a.
Petersburg. IS; JASPER. ID,
fiz1ton. Is: Pittsboro; 10.
Rushville. 81: Franklin. 70
Romnev. 81: Stockwell 70.
Bedford 81. Richmond, 25. "a
Russellville, 80: Green township H.
Rising sun. IS. Milan; 10. :.
scottsburg. q; New Albany. To-
SEYMOUR. 26; Columbus. q.
Alexandria. 80: Upton. ". "a
West Point. %: Veedersburg. 70.
Froebei Gary, 10; Valparaiso, 10.
warren Central, IS: Oaklandon, Is. =.
NVsshincton 10: Wiley (Terre Haute), d
cicero. IS; Westfield, IT..
Winpate So New Market. Is. -
Wiliiamsport. 10; Pine Village, 10.
Wabash. 90 Lafontaine. g.
Wavnetown. 46: Bowers, IL.
Zionsville. 81: Dover. rs.
Uplnad So; Van Buren,, ~.
Bunker Hill 81: Amboy, ~.
Ionesboro. IS; Summitville. ~:
Milton. 30; Cambridge City, 10
Hagerstown, IS; Union City, TO-
Boston. 81: Economy, "a. -
Fountain City. 80: Greensboro, II.
Wiilfamsburg AZ: Kitchel. 10.
Bentonville, 81: Lewisville, 20.
SARATOGA, is: Mckinley. IA.
lynn. %; whitewater. II.
Tincoln II. Modoc, 10.
T.awrenceburg, 80; Liberty. rs. =,
Springfield township. IS: brownsville, Il
Ratesville, IS. Brookville. 20.
Centerville, 81: Spartanburg 9. =.
Cerstmeyer (Terre Hautel. 80: Glenn. 10
Concannon. Is: otter Greek, II.
Hvmera. II; State tTerre Haute), 0.
Fsrmersburr. %: Fairbanks. 20.
Marshall 81; Hillsdsle, 20.
BIackhawk. 10: Riley. TO-.
Piment6 80: Prairie Greek. Is.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
CLOSE NET SCORES

Back in 1923, Marquette univer-
Sity's basketball team beat Creigh-
ton university by Z to 6 score and
later trimmed Wisconsin 9 to 8.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
Poor Snake!

CHICO, Cal, Feb. 27.-Earl
~ Whitehill, Detroit Tigers
pitcher, was saved from an
attack by snake during a
training hike when Manager
Bucky Harris and coach Jewel
Ems pelted the reptile with
rocks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Highlands would like to book games with
teams who have access to gyms Call
Cnerry $500 and ask for Hoover, or Cherry
O521-M and ask for Critchfeld between
$50 and 1870 o. m
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Meridian Heights 1s-year-old five de-
feated Wizards, IA to IS, at the Heights
gym Thursday night. Juniors defeated
the, Rex Bulldogs, II to 16. For games
with the Heights teams call Hu. 1852
and ask for John.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
Race Entries
Saturday
Ar FAIRCRnT1NnS

AT FAIRGROUNDS
Fist Race $500; claiming; 3-year-olds
Pattie Kate, 1C7 u Tiger Flowers, 112; Mac
Fogle, 112; Crowned Head, 112; Molly Ho-
gan lo1; Hayes ChOiGe II2i Don t. ll2
Toy, l07; Albazano, liz; Make. Believe,
liz; Finland, liz; Pirate, III; Gorgeous,
Second Race $500; claiming; 3-year-
oldS and up; one and one-sixteenth miles,
Play iia JACK Berry: IL: Bashfui Beau.
Don 3o iBonito. 1917; H5aassola. 100; Neryator,
Il2; Yarrow, 1O7; Ed. Reese, 112; Flying
Wings, i07; Lady Messenger, 107; Judas,
Third Race 5000; claiming; one and
asIIyist,. lO9; prury,. los; Lawful Gamble,
f asHISEe 49, so S E6SO lad danS DE- Dr.
Rogers, 1903; Donna Dear, 1O2; Bag O'Gold,
old; one and one,sixteenth milesI-
Chimney Sweep, 108: Outer Harbor, 12l;
Twill, 11S; Song Hit, 11s; Black Tyrone,
Fifth Race $1,000; 3-year-olds and up;
SIX furlonng s15 Meadows. ITO; IN
los; Abdel,- los; Surf Board, I13; plum,
age, 103; Knight Commander, 113.
Sixth Race $4,000; added; the Derby
Trial handicap; 3-year- olds; one mile)S
s 5;Gsers. 11S; ,l6lPrincess, 4: O., ,s5;
IalOpen Hearth. 102; (b)Prince Farthing,
los; Bertjohn, 108.
(a)S. w. La Brot entry.
(b)Jos. Letter entry.
Seventh Race $500; claiming; 3-year-
olds; one and one-half miles -Ken King.
lo9; Wood River. los; Constance Ann
LIIesutenant, no.; Vanquish, log; Galahad,
Eighth Race ($6o0; claiming; s-year-olds
ana up; one and one-sixteenth miles,
Quaker Ways, 1922 War Tide, Ill; Mar.
celette, 100; Piece Meal, 100; Array. i02:
Charlie Bills, l07; Miss N. Conland, 102;
Gay Prince, 100;
Ninth Race $500: claiming; 3-year-olds:
one and one-sixteenth miles)-(Sub.) Are
gal. 1l2; Runar. 1O7; Generola, 1O2; VestaI
Maid, 100; Shakitup, 112; Black Patricia,
l07; Village .Vamp, 100; Mai San, i07;
Lazy Lazy Sweet 1o7; Red Shadow, los; Guide
Let, LIZ, III; Lads Run, LOT; Lucky Pal,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Chain Gang, with twenty-one victories
in twenty-seven starts. are endeavoring
who have home gyms. Special Challenge
IS issued to the Bond Bread FIVE Month
cello Merchants, Taggarts Baking team,
Kramer q Buchanan, Sunshine Cleaners,
booked by writing Marion Butler. 5000
Riverside Park road or calling Wa. 2700-4.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
Basketball

Marion County Sunday School basketball
tournament will renew play for the an
nual championship. Saturday afternoon
the East Tenth M. E. gym. The finals
along with the playof for third place
are scheduled for Saturday night.
Meridian Heights Presbyterian and
Eighth Christian, defending champions,
have an edge over their rivals in the
afternoon contests. The schedule:
Afternoon Session
2:30 p. M.-Meridian Heights Presby-
terrain VS.. Tuxedo Baptist.
$3.50 P. M.-Eighth Christian VS.. Bethel
Baptist.
Evening Session
1880 P. M-Loser 2:30 VS.. Loser $3.50
p. m.
$3.50 P. M.-winner, 2:sO p. m. VS.. win
ner $3.50 p. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Fourth Race $500: claiming; 4-year-
olds and up; six furlongs) Ronald Grey
Io6;, Fast Life, 1o6; Norma Jean. 1o4; Per
La Golondrina. 1903; Sandals, 1o1; Johnny
Campbell, 108 Fair Atina. 1903; West Vir-
ginia, 106; Perfect Alibi. 1913.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
Weather, clear; track, fast.
AT HYALEAH

AT HTALEAH
First Race Claiming; 2-year -olds; four
ana half furlongs)-Marve, 106; NorwaIk.
lo6; Don Romiro, LOG; Don Pablo, los:
Morden, LOG; Parties. los.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Third Race 1890; claiming; s-year-olds:
six furlongs)- Excursion, 1903; Alice Del,
Plain Ben, 11S; Chilonda. i0S; Infshot,
113; Unstained. 108; Miss Mary Lou, 108.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Games to be played tonight in the
Epworth League tournament at Broadway
gym are:
6:15-Whiteland VS.. Bellaire.
7:00-West Newton VS.. Central avenue
7:50-Fletcher Avenue VS.. Roberts Park
S;40-Franklin VS.. winner 6:15 game.
9:30-GreenWood vs.. Broadway.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Third Race Claiming; 4-year-olds and
Pal. 107; Roam Antelope, 1903; Bounding
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Second Race Claiming; 4-year-olds and
up; milel-Plutarch, los; Polygamous, 11S;
Scot Free, i08; Tea Cracker. los: PlaybiiI.
101; KnoWlton, Ill
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Eighth Race $4,000; claiming; 3-year-olds
and up; one and one-sixteenth miles,
Loyal Louie, 112; Prince Trafalgar, 107;
celette, 100; Piece Meal, 100: Array. io2:
Charlie Bills, 107; Miss N. Conland, IO2:
Gay Prince, 109;
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Games are desired by East Park Juniors.
who play in the 16-to-I9-year-old class
access to gym. but will defray half expense
with teams.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Seventh Race $500; claiming; s-year-
109; Wood River, los; Constance Ann
Jos; Fortune, 107; Curtsey, 100; Flag
Lieutenant. Ito; Vanquish, 109; Galahad,
1l2; Cockrill, LOT.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Second Race $500; claiming; 4-year-olds
and up; six furlongsl-William j. 1O8; Re
tort. 1903; Leah Jane: 1o3; May Agnes K,
Chester. 1903; Moronge, LOG; Lexington Girl,
l01; Voshell, 1903; Sam Sweeney, 1903; Red
Likker, LOG.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27
FULLER BEATS MILLER

AT HOLLYWOOD-Tommy Herman. 15t
QeciSioned Eddie Murdoch f5n I'M
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

In Brookside o. B. League games played
feated Brookside u. b. 81 to Fl ana ri pe
coin Chapel downed Brookside Flashes, Is
to II. League standing:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

Edgewood A. C. defeated Armour Pack
ing Company. - to 80. John Sten9er
and Vance Pollard starred for the victors.
and Ferris was outstanding for the
Packers
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-27

indianapolis Universals would like to
book games with fast city or state teams
having access TO gyms. Write Leroy
Everroad at 1893 Hoefgeu street or Ralph
Adams at 2125 South Pennsylvania street.
Seward daily gateway., 1932-10-29
son reSOlutiOn?"

son resolution?"
 A-This refers to resolution re- quiring the Attorney General to start suits to enjoin operation of fish traps. I told Johnson that fish traps were at present legal, having been expressly approved by Con- gresS in making regulations for opening and closing traps, etc., as well as by the Legislature in levy ing a tax on, and issuing licenses for operating traps.
 Only a man devoid of moral sense would, as soon as he had col lected a tax and issued permit for operating a trap, undertake to prevent the operation of it on the theory that he had no right to either grant the license or collect the tax
 Q-3. why P. E. Harris endorsed him for judge?"
 Al don't know who wished that judgeshlp upon me. did not ask for it, and told the department of
 Please turn to Page Three)
Seward daily gateway., 1932-10-29
QUESTIONS
 ANSWERED

A good lawyer will be careful in asking a witness questions, lest the answers destroy his case. William Paul will wake up to that fact af- ter he has read the response of the Attorney General to the questions asked as published below Editor
 PETERSBURG, PRESS.
 Through a recent issue of his personal organ, MT. William Paul has broadcast a personal attack upon the undersigned in an article packed with falsehoods so silly that they are self-destructive; but he submits to me series of nine questions, which he demands that I answer. It gives me pleasure to accede to his request. After stating each question in the form he puts it, my answer follows:
 Q-1. Why did he Rustgard de- fend the fish trust on the tax bill?"
 A-The assertion that I appeared before the Legislature for or against any tax on traps is utterly false. have never appeared before the Legislature except to answer legal questions submitted. I did state, that in my opinion the $25O on nonresident trollers was so high as to make it's enforcement difficult.
 Q-2. Why he opposed the John
Seward daily gateway., 1932-10-29
HOPE FOR SILVER

Reoardess of what effect the Reconstruction fhn- ance Corporation may have upon present ecoolc CULT (itions at best it will be but a stop-gap oI
 The plight of the nation is due to an oversteppmg o the hounds of prudence in the utilization of credit ooVh Ill supposedlv legitimate lines and in speculation.
 Thus the Reconstruction Finance Corporation is merely stretching of the credit When sometlnhS IS stretched and the tension is relaxed It rebounds.
 It is in the rebound that may expect the reper- cssiOn On the pIeDaratiOn made for meeting It VIII de pend whether have struggled deeper into the mre or got our feet upoh firm foundatlon
 Throughout all considerations and discussions ot discussions of stazatiOn measures, finds the hls- torc words of William J. Bryan echong above economic thesis: "Crlcified upon cross of gold.'
 Mr. Bryan might have overdrawn the picture at In dianapos when he launched upon the battle to keep Sl yer as subsidiary coin metal, but time has served to prove that there much merit in his arragnment of the gold standard In the years which have passed since 1896 marked contraction has been shown in the coin cir culatiOn and steady enrenchment of gold to the exc sion of all other metals This entIenchment and ineasti city of circulating coinage has not been the result of pop ular choce Rather it has been the result of small groups cf international bankers who have usuped the shoes of Jay Gould and associates who once practically comered the American gold supply and Wrested tribute from the nation through its pOWer Banks crashed along with n duStly and business and all that few selfish men who had amassed their first fortune by dishonorabe means might further enrench themselves into what is now the great money power dominating the nation.
 The entire matter is one of simple economies: When
 thing becomes costly that it is not permitted of gen ea se 1t las no value to the chosen few This is the position of gold: it's costly for fourffths of the world
 There is hope that the matter may be solved at the international monetary conference be held in London thlS winter At this conference will be some of the most learned economists of the world backed by some of the greatest statesmen of all nations They will offer plea to remonetlze silver rational basis and thus open oriental markets with their 70OOOOOOO odd population to world trade.
 Leading the battle for the United States will be Sen aor Key Putnam of Nevada and Senator King of Utah. backed by strong sentiment throughout the nation
 It is needless to try and deceive rational beings that temporary imitation of industry by capital and the pro- auction ot goods will meet the national problem The peo
 pie must have something with which to buy and greater elasticity Tn the currency standard even to controlled currency. " N'''''0 0''''
 A mere change in administration is not sufficient. Wlth the change should come complete reshufle of the national cards and return to tne-honored standards
Seward daily gateway., 1932-10-29

A California postmaster steals $GO000 escapes to Honolulu, has gay time, surrenders is fined 5000 and given three years n the pen They should send him to Wall Street
Seward daily gateway., 1932-10-29

In demanding bond of S5,OOO from each office hol- der to guarantee against grating the mayor of Sydney Australia askc: HoW man who has not been able 10 accumulate S5OOO for himself able to manage city of 12ooOOO?" We how is politician to get $5 900 unless he gets the office?
Seward daily gateway., 1932-10-29

Three room apartment for rent. See J. L. Graef
Seward daily gateway., 1932-10-29

It is evident Roosevelt is content to allow the vice. presidential candidate to Garner votes in the East while ne knocked the bally Hoo out of Hoover in the West
Seward daily gateway., 1932-10-29

Excellent assortment or fresh candies at Sylvia's.
Seward daily gateway., 1932-10-29

In 1898 America promised Cuba she would be as mod en and uptodae as the United States in 35 years Rack eees recently took Cubas president of the Senate for ride" Only missed it one year.
Seward daily gateway., 1932-10-29

Press dispatches say Mr. Hoover is gaining ground Judged by similar announcements of salWars desertng his standard it would appear that he will soon have the entire acreage to himself
Seward daily gateway., 1932-10-29

It appears that large number of frenzed specua- tors have been ln6ull--ted
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1932-04-07
American Bankers Assn.
Journal Sees Clear Signs
Ofl7apr0uen1entl In March
Growth in Financial Confidence and Decrease in
Public Fear Too Definite To Be Based Upon
Anything Other Than Solid Facts .

New York, April Clear sig
nails were visible during March
that important results were follow
ing from the coordinated plans of
public agencies and private finance
to bring about basic improvement
in the condition of business, the
American Bankers Association
Journal says in it's monthly review.
1t notes that, although immediate
stimulations in current CONNER
cial and industrial activity were
lacking and favorable trends in
standard trade indexes were not
apparent, growth in financial con-
fidence and decrease in public fear
were too definite to be based on
anything but solid facts and car
ried greater weight than formal
statistics"
Concrete expression of return
of financial confidence was given
for a period during March in the
bond market which evidenced a
relaxation in the pressure of fl
nancial distress and fear, and a
turn in the direction of safety and
confidence, the Journal says. 1.-THE
most important aspect of business
betterment has been the wide
spread return of the banks to more
normal operating conditions it
says, attributing this to the Re-
construction Finance Corporation
and other cooperative arrange
ments for assisting both closed and
operating banks that are clearly
having the desired effects"
'These effects are two-fold," the
Journal says. by assuring banks
of facilities for supplementary
credit, they lightened pressure on
them of maintaining an abnormal
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1932-04-07
DON'T
QUOTE ME
fBY THE UNITED PRESs)


Washington, April - CUP) -
These are trying days for Secre-
tary of the Treasury Ogden l..
Mills, for there is more than a
touch of spring in the air and the
race track at Bowie never was
more enticing. And he and his
sister, Mrs H. C. Phipps, are own
ers of the Wheatley Stable figur-
ing prominently in the racing.
Mills has to stay here in Wash
ington and worry about taxes.
Tuesday when the Wheatley
Stables Impish was coming home
winner, he was busy preparing
long analysis of the tax program.
Wednesday he had to read it be-
fore a senate committee. It's hard
to say when Mills is going to get to
go to the races.
Eddie Rickenbacker, noted war
ace, has made Washington his per-
manent headquarters. He will be
the Washington representative of
the aviation corporation. His du-
ties will be to look out for every
thing that concerns the corpora
ton around the capital.
Representative Mel Mas, repub-
lican, MINI. is said to be the only
licensed airplane pilot in congress.
Tuesday afternoon he took cou--
pie of his friends out for a brief
flight. Representatives Gerald j.
Boileau. republican, Wisconsin
and Paul Kvale, farmer-labor,
MINI. were his passengers.
They had swell ride over
hi nd rh VIRGINIA.
Then they remembered that they
ought to be in the house chamber
by p. m. to vote on the KunZ-
Granata election contest. So they
cut short the flight and hurrie 1
to the capitol. Two hours later
the vote was taken.
Senator Harry B. Halves, demo-
crat, Mo, has presented a new fish
rod to Speaker of the House Gar
ner, but he denies it has anything
to do. with any political fishing on
the part of the speaker. Halves had
it made - in fact had several
made - from the heart of GER
tain palm that grows in the Phil
ippine Islands. He said the idea
is original and that the wood
makes just about the finest rod a
fisherman could wish for.
Here's something one learns
from reading the Congressional
Record:
The consumption of matches
per day in the United States is II,
100000 boxes of so matches each.
Multiplying by 365 days in the
year, we have 6,387,500,000 CD
boxes of SO matches each used IN
a year.
One might carry the computa-
ton even further. For instance. 1t
means that there are S75,OOO.O 900
matchese burned every day. And
multiplying that bq 365 one finds
the yearly burning of matches
which may be more than the total
of e.Y the telephone numbers in
the telephone directory of st
Louis,
Mo.-wh9 knows?
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1932-04-07

ly liquid position by curtailment of
loans or sacrifice sales of securities
and this was material factor in
the stability in the bond market.
On the other hand the depositing
public was assured that effective
means had been found for protect
ing the banks against the hereto
fore uncomfortable influence that
were in some cases paralyZing their
ability to function normally, and
the resulting subsistence in public
fear was manifested by a sharp
drop in Withdrawals of deposits
and bank runs"
1t points out that bank suspen-
sions dropped from AN average of
almost 81 a week during January
to about IL a week during March,
and also that. contrary to statisti-
cal seasonal trends, there was an
unbroken decrease in money in cir
culation each week in February
and March, indicating the sub
sidence of boarding as public con-
fidence in banks was restored.
"Of equal Importance with these
readjustments in the domestic A.
nancial mechanism were significant
re-alignments taking place in the
worlds gold situation, such as to
promote return to the gold
! standard by nations which have
temporarily abandoned it and
strengthen the security of the
United States against suspension
which some feared during the
darker days of the depression" the
review says.
Gold has been accorded i'm
portant place in the worldwide
business reaction. Failing prices,
credit stringency and depression,
according to this view, were in
part due to physical deficiency and
technical maldistribution in the
gold supply available for monetary
reserves. Figures now conformity
available show that increased out
put and redistribution are at pres
ent going on.
World gold production rose
from the $4O3,000,O00 of 1929 to
S41S,5O0,00O in 1880 and to nearly
$436, 100000 in 1881, and is esti-
mated even greater for 1882. Also
India has become, an exporter of
gold instead of an importer and in
a few months time returned $780,
| 900, 900 in gold to general circula-
ton. This movement is continuing.
Finally by the Glass-Steagall Bill,
permitting upwards of $700,000,-
600 more Federal Reserve gold to
be freed without reducing in any
degree long established gold re-
serve requirements, American gold
is allowed to play its full part in
world economic reconstruction.
Since August the monetary gold
stock of the United States has
fallen by more than S600,000,000
in a redistribution that should
serve an important purpose in
strengthening world economic con-
ditions without weakening this
country's own position"