davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-12
CLANCY URGES POSTAL
EMPLOYEES TO GIVE
Postmaster Asks Federal Employees
to Aid Community Fund.

Appeal to all postal employees to
give generously to the Indianapolis
Community Fund during it's cam
paign which will be opened Mon
day, was made today by Postmaster
Leslie D. Clancy.
I'VE have received a cut in SAL
aries Clancy said, "but the cut has
been insignificant compared with
the general average. Owing to the
fact our regularity of work has not
been curtailed, with possible excep-
ton of postoffice substitutes, I hope
we, as federal employees, will be able
to exceed our past quotas.
"The man who held his job dur
ing the worst depression the world
ever has seen is in an enviable po-
sition. He will be fitted to keep right
on building the minute recovery
begins"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-12
ART SAYS:

The Times
says: Thou
S a n d s a r e
fired wit h
hope" T h e
DenOc ra t S
m u S t A. have
S t a + t e d
housecle a n
ing.
q q q
Chicago has
already decided
to overlook the
18th Amends
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-12

ment. Or, maybe they just heard
of it.
The country seems to be
all hoped up over beer
this winter. The cry of
down with liquor will again
be heard in the land.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-12
Judge Johnson Hears First Case

Judge JOHIISUh dtdTS FIISI OdSo
CHICAGO, Nov. II. - Federal
Judge George E. @. johnson heard
his first case in the federal build
ing here Thursday, sentencing Law
renee Lucas, %, to an hour in Gus
tody of marshals, on liquor charge.
Nogales international., 1932-02-17

| clergyman"
"Be sorry for the clergyman by
all means but don't waste your pity
OH the young one. | knew that boy,
knew him from the time he was a
kid. He was always pretty slick
young customer. Queer how it came
out i'll him. He had crafty gift for
sleight Of hand. He could make a
pack of cards do anything. He'd pull
coins out of the air. Got a circus
chap to show him how to throw
knife. I got this little scar on my
cheeisbone letting Jock practice
knffc-tklrowing on me- T. certainly
did trounce him for that. And his
father gave him bigger whipping
aftcrward. The old man was always
trying to bcat some virtue into him.
HE was a no-account entry from the.
starting post. Seemed to settle down
at college and came through the
, mining school with honors. Bu,
! that yellow streak was there: and
when it came to riding life he
, didn't put his spurs in straight and,
well-he bit the dust"
Jocelyn schooled herself to believe
him.
BY ten o'clock of that Sunday
morning Nick's fever, with the worst
of his pain, had left him and he
lay still with a white racIed face
and looked sanely at Jock The
young man had not yet changed
from h;s averinO ct0fheo
you'd better go and get some
Sleep" Nick whispered. Business
good last night?"
Pretty fair. We lost Judson."
Nick's eyes began to beg.
'I'm great one to cali you a
convict and a card sharper, ELI?
When taught you most of the
game myself and live on what you
make from it. Why don't you chuck
me, Aylcward?"
Got the habit of holding on to
you"
Last night-when I came in :. i.
you and Lynda, you know? I'd like
you to understand why I--why l.
flew out the way I did. When I
saw you making love to her I
thought of other women I'd seen
you with-and of myself-and-"
Jock swore softly. why net shut
up?" he suggested. "You were right
at that. Only it was a superhuous
exhibition of paternal chivalry. I
don't love your daughter, Nick"
"What were you doing, saying
then-on your confounded knees F.. (.
holding her hands,"
II was teaching her something
about an automatic pistol. I lost
/ my head for second; but sha
doesn't lose hers. / tell you I don't
love her"
Nick looked at him hard but could
make nothing of the cool set snil-
| ing face.
But, between them, they agreed
they must move and hide from the
girl, for her own good.
! A few days later, spurred by an
impulse, Lynda hurried to her
fathers home. She opened Nick's
door and found herself looking down
upon Jock Ayleward. In the midst
OF great confusion Of things, OF
scattered clothing, of trunks and
boxes, he knelt busy with packing.
Lynda went weak and breathless
SIS Nick here7 7 thought I
thought" she closed the door, fall
tered over to the old sofa and sa.
down there as though her legs re.
fused to hold her up.
'You thought we'd give YOU the
slipe We were foolish enough to
think so too"
| T~~Rs...nl Nj NIL.
Nogales international., 1932-02-17
RAPTURE I; BtY0NDIS]| |:
6Y ss$ss a {N8ssN

"Clergymen's sons are a proverb,
darling. This one took a bribe and
handed in false report on a zinc
mine. | lost a good lot of money
myself through that report. Ayle-
ward junior got away with his profit
all right, | guess, but | was lucky
enough to catch him out and / had
him sent up.
81 was sorry for his father and his
two sisters but if ever a man de-
served what he got it was that fell
low, the dirty trickstcr!"
"You don't think there could hava
been any mistake, that the owner
of the mine perhaps deceived him?
I mean i. I feel SO sorry for that
Nogales international., 1932-02-17

Ithink that you were at your prayers
You were holding something. ]
thought that you were >.
"You must have been dreaming
Perhaps you walked in your sleep,
I shall have to lock you in. Go to
bed now You're cold. If you hear
such sounds again you will know
better than to disturb me-"
Seeing the girl upon her pillow
Marcella bent over her for one OF
the dry kisses and went out.
Jocelyn lay broad awake. The
clock in the living-room chimed FIVE.
Chimed six.
,Jocelyn's suspicion, her curiosity,
had become a fever, pain that she
Nogales international., 1932-02-17

could not endure. Ghost-softly she
crept again out to the living room.
Almost instinctively her hand rose
to the velvet drapery behind the
altar. She Fitted it.
A. small dcep-set door with a lock,
the key still in it, lay behind that al
tarpiece. Marcella had been startled,
had moved away quickly, had left
her key.
! Jocelyn frightened her lips and
spoke to her uneasy conscience
"She will not let ME know her Sc
crcts. She will not love me. I must
learn the trutf, OF, my own life by
my own efforts"
She turned the little key and
pulled open the thick small metal
door,
a. Behind it lay leather box and
this she drew out and. set upon the
top of the prie-dieu. She raised tho
lid.
/ The glory that had lain hidden
| there g!ittered across her eyes Ike
a mesh. of living stars Jewels as
| rich as a queens. Rubies, emeralds,
sapphires and white diamonds cut
into blazing angles and set III a
heavy intricacy of dark gold. The
barbaric Slavic splendor OF tins orna-
ment made even the ignorant con-
vent child catch at her breath, il
was SO beautiful. Two long earrings
to match were Graded at either end
! of the old leather. box which was
decorated with a worn golden COR
onet. The value of these jewels in
such a setting must be fabulous
| She returned them to, their hiding
place. a
| All other thoughts and fears were
| obliteratcd by the shock of her dis
covery. She knew that she had in
ldeed been living with a stranger, that
she was motherless She knew that
| Marcclla was sombre unrec1ity' IN
la black gown with a silver cross
against it's breast but within it q
lblaze of jewels glamoured an earthly
spirit. Marcclla and she were stran-
gers. No explanation could move
| her toward the woman who had
crouched, grcedily absorbed, above
those jewels.
| The shock and the excitement oi
! the long night were suddenly too
much for her. She fell down and
wept in a sort of helpless spiritual
| agony.
| When Felix Kent came to see his
young fancee the next morning.
which was a Sunday, he found her
so white and heavy-eyed that not
only his pride of a posesssor but his
llover's tenderness was reused
startled.
He suggested days trip to the
scashore. SO they drove down. Felix
lproved so sympathetic that Jocelyr
was encouraged to ask him if ne
had ever known man named Ayle-
ward.
| Felix turned his head to look al
her more sharply than ever he had
turned or looked before. His condes-
ccnsion which was so integral q
lpart of his really great desire for
her-the little innocent girl-was
momentarily shaken.
"What the dew! Now where did
you ever dig up that name, child?
| For the first time, to keep Lynda
secret, Jocelyn made use of an in
vention:
"Cousin Sara Mulfet once knew 4
clergyman of that name :. who
had a son."
"And who kicked the son out ant
changed his own name in order not
|. to share it with a convict. Wasnt
that it1 Yes, I knew that unlucky
t parsor."
~What did the son do to be sen
TO prisona A cfergynan's son - i
seems so dreadful"
Nogales international., 1932-02-17

Ward of L. D. S. Church here.
Glendale ". H. Park purchased
se1vice station at Second and Grand
avenues and will operate under
name Of Parks Service Station.
Phoenix -Bellas Market opened
at 237 North First Avenue.
Tucson Apex Fast Freight op-
ened for business at 80 East Sixth
Street.
Phoenix A. J. Bayless Market
NO. 8 opened at EOS Stroud build
Ing.
Vicksburg -AnCZira Mining 81
Milling Cos development program
at property near here progressing
Salone - Consolidated Arizona
Mines plan installing new equip
menss at property here.
O&tnlan SHAFT Of Red Lion NIKE
nbered to 30O-foot level.
Nogales international., 1932-02-17

Payson Plans being made to
install larger hoist, compressor ard
small milling plant at property of
Zulu Gold Mining Corporation near
here.
Nogales international., 1932-02-17
NoGALEs AR1z, WEDNESDAY, FEB. II, 1882

Salorne is cars gold ore shipped
from here to Hayden smelter dur
jrg past 80 days
Nogales international., 1932-02-17

Phoenix Grady Watson, Inc,
made sole Ford dealer in city fol-
lowing completion of firms. purch-
ase Of Dud R. Day Motor Sales
Co.'S shop and equipment.
Nogales international., 1932-02-17

Salome Grew of 40 men busy
at Sheep Tanks mine, near here,
blocking out gold ore.
Nogales international., 1932-02-17

Stafford Construction started on
new church building for Matthews
Ward of L. D. S. Church here.
Evening star., 1932-07-03
EFFORTTOEND DEPRESSION
STARTS TO SHOW RESULTS
Record of Last Six Months i'm Business
and Security Markets Reflects
Climax of World Slump.

average price of listed stocks and equal
declines in unlisted issues as well as
such a lowering of the market values
of corporation bonds and real estate
mortgages as has not been witnessed
during the life of the present genera
tion.
Factors In the Decline.
This period may be described as the
climacteric of the depression. 1t has
brought into view all of the serious
aspects of a situation that primarily
grew out of the war and was aggra-
vated by the insane speculation in Sc
curities in 1928 and in 1929, by the
overproduction of merchandise and COM
modities, by an attempt to maintain a
scale of wages and a standard of living
that were impossible by extravaganza
in local and national government, by a
tariff so high that it has nearly ruined
our foreign trade, by ill-considered loans
to weak borrowers abroad, and by dis
honesty in corporation management and
financing at home.
1t Is the result also of new economic,
political and social conditions all over
the world and out of which has come
the threatening competition that faces
the railroads from motor trucks and
that disturbs markets which were in
equilibrium before Russia commenced
to pour her cheap foodstuffs and manu-
factured goods into them; also of the
trend toward radicalism in government
and the insidiouS growth of demand by
the unemployed. or those in occupa-
tions that scarcely return them living
wage, for relief at the expense of the
national treasures.
The half-year period has been one
of disintegration in many directions in
Continued on Fourth Page.)
Evening star., 1932-07-03

The Reconstruction Finance Corpora
ton had taken hold of matters within
the railroad industry and had. through
the expedientS of reorganizations, CO.
operative refunding operations. and
forced curtailment of expenditures,
checked the trend of carriers into
receivership. Measures to enlarge the
powers of the corporation to permit
of loans to the carriers with which they
might buy their own securities, and thus
reduce their excessive funded debts.
were in prospect. 1t was apparent that
the good Offices of the corporation
would shortly be extended to include
others than the railroad industry.
A large banking corporation had been
created for the purpose of buying
bonds. 1t was a pool avowedly for the
purpose Of making money for its mem
bers by purchasing bonds for apprecia-
ton, but any buying agency, or even
the mere hint of one having resources
of as much as 100000, 900, was suff1-
cient to help the bond market.
Clearing for Recovery.
At least in part the way has been
cleared for the recovery. While the
suicide of Ivan Kreuger and subsequent
revelations concerning his financial
dealings undoubtedly had much to do
with the Spring break in the security
markets, this vast failure was certainly
much better out of the way.
The dissolution of overeXtended pub
lie utility holding concerns, once COM
pleted, left the bonds of profitable
operating companies free to reflect their
own intrinsic worth and not the pyra-
miding or banking troubles of the con-
Germs holding their securities. The
countrywide wiping out of excessive
mortgage Indebtedness on real estate
properties and the establishment Of
more reasonable rentals have resulted
in the revival of trading in real estate
securities that will ultimately enhance
the opportunity for advancing prices.
Municipalities are looking closely to
their account books. There are evi-
dences in plenty that expenditures have
been cut to the point where municipal
budgets can be met without recourse to
unduly heavy taxation. Where in early
January many towns, villages and even
States could secure no bids within the
legal limits for their bonds and found
great trouble in securing short-term
bank accommodation, in June many OF
them had no trouble in selling their
bonds. It was noticeable that it was
delinquent centers such as New York
City, Chicago and Detroit. where no
great efforts had been made to con-
form to the Nationwide curbing Of ap
preparations, that had the greatest
trouble in borrowing and whose obliga-
tions we're consequently still quoted at
considerable concessions from par.
Another cause for reasSsurance In
the domestic market is the knowledge
that the Federal Reserve System is still
ready to enforce its policy of cheap
credit by resuming its heavy purchases
Of Government bonds. These pur-
chases. which ran up to about $780,
100000 a week In April and May, were
responsible for holding up Government
bond prices at time when the threat
of the many inflationary measures then
Evening star., 1932-07-03
CREDIT PROMOTION
PLAN is EXPEDITED
New York Committee Ready to
Announce Leaders in Trade
Acceptance Campaign.
BY FRANK ii. MCCONNELL,
Associated Press Financial Wrifer

NEW YORK, July 2.-The Industrial
and Banking Committee of the New
York Federal Reserve district is ex-
pected to announce shortly the men,
bers OF a group which 1t mas selected
to captain the committees new nation
wide drive TO stimulate credit, trade
and employment.
The committee, which is headed by
Owen D. Young, announced early this
week its latest effort to bring together
the banker with surplus money and the
business man with surplus goods in a
Joint undertaking to help industry. In
effect, the new plan merely provides
a more efficient way than usually en-
ployed in financing the buyer of goods
The program calls for wider use of
acceptances-a form of commercial
credit obligation which is now little
known to the layman, but is believed
oy some outstanding industrialistS to
contain patent stimulus toward re-
viving industry.
The trade acceptance is a draft
drawn by seller Of goods on the buyer
Ihe buyer indorses or accepts this draft
and returns it to the seller. When the
seller lndorses it both parties to the
transaction are legally bound to a con-
tract TO pay the amount stipulated IN
tne acceptance when it comes due.
The acceptance can then be taken to
bank which will buy it from the
drawer of the instrument AS soon as
the drawer gets his money from the
banker he Is then able without tying
up MS own money to finance similar
sales OF his goods to other buyers.
Because they are indorsed by two
parties of good credit rating trade ac-
ceptances are recognized as a prime
security. Bankers who are hesitant
ABOUT opening new lines of credit to
lnolviouals are usually willing buyers
OF acceptanceS.
Evening star., 1932-07-03
OUTLOOK FOR YEAR
DECLARED BRIGHT
Government Officials Believe
Budget Balancing Has
Helped Business.
BY CHAS. p. SHAEFFER,
Associated Press Business Writer.

Government officials view the new
fiscal year with considerable optimism.
The main reason for this feeling is
that the country will operate on a
budget that, theoretically at least, is
balanced
The reasons why balanced budget is
necessary are many, but they all
sprout from the main idea that an even
break between expenditures and receipts
is a guarantee that the currency of this
country remains on sound basis.
AS long as there is doubt as to the
soundness of the Federal fiscal policy,
just so long does private business re-
main on the uneasy seat, it is said.
Business men and investors refrain
from making new commitments the
ability of bank credit is impaired due
to the necessity of maintaining liquid
position which is possible only in Gov
ernment securities and in the short term
market while in some instances the
fears for the future are reflected in
money being drawn out of banking in
stitutions and boarded, further comph-
eating the situation.
But with balanced budget the out
look is changed, these officials feel.
Steering a course that guarantees Gov
ernment credit. it is expected that
lOanaple IunoS VIII go out 10 lHuuStTy,
at first through the higher grade Sc
curity issues. gradually expanding to
other fields which promise greater re-
turn, thus overcoming timidity, per-
mitting new financing and expansions
to business generally and, lastly, pro-
viding a market for new issues.
Such program, Government officials
feel, will ensue during the present fiscal
year. An overnight change is not ex-
pected, but rather gradual change is
looked for-one that augurs for more
permanency.
During the last year the unbalanced
budget necessitatsd constant borrow
ing from the public by the Govern
ment, loans of about $4,000, ,000, 900
having been made to meet maturities
of slightly more than $4,000. .000. 900.
The difference represented the increase
in the public debt That the credit of
the Government at home was not i'm
paired was seen in the fact that all Of
the various issues during the last year
were oversubscribed heavily despite the
fact that some Treasury bills during
the period were floated at a price to
yield only 0.28 per cent yearly, the
lowest return in history.
Evening star., 1932-07-03

Who was elected at Old Point Comfort
to the presidency of the Virginia Bank
ers' Association, is cne of the leading
citizens of Glade Spring, having been
connecteds with the Bank of Glade
Spring since 1918 and since 1918 cashier
and active head OF the institution. He
was educated in the public schools of
that popular Washington County center
and at the Virginia Classical and Busi-
ness Institute. For a time he was en-
gagged in mercantile business until
drawn toward banking.
Mr.. Keys has always been intensely
interested in civic matters. For four
years he was mayor of Glade Spring, is
now president of the Board of Trade,
secretary of the board of trustees OF
Emery and Henry College and member
CT the Executive Committee and a
member of the board of trustees of
George Ben johnson Memorial Hospital.
at Abingdon. Va. During the World
War he gave largely in time, money
and effort. being chairman for Wash
ington County Of the third, fourth and
fifth liberty loan drives
Married in 1908, Mr.. Keys has five
children.
Evening star., 1932-07-03
RETAIL TRADE GAIN
REPORTED FOR WEEK
Other Lines of Business Remain
Slow, According to Weekly
Mercantile Reviews.
Ry the Associated Press.

NEW YORK, July 2.-Volume Of
retail trade continued to make a mod
erately favorable showing in the past
week, but in other directions trade and
industry continued at about the same
slow gait. weekly mercantile reviews
said today.
Bradstreets reports from leading
cities noted more hopeful attitude on
the part of industrialistS and merchants
and said retail merchandising was fair
ly active in sections favored by good
weather
Continued seasonable weather has
stimulated sales of Summer mer-
chanoise, said Dun's. and most de-
partment stores reported volume about
even with that of the week preceding
General wearing apparel is contribut-
ing the bulk of the distributive volume,
but millinery. hosiery and shoes are less
prominent in the current demand. In
industry, the chief gains are among
the smaller manufacturers In other
branches production has continued at
previously indicated levels, the review
stated
Evening star., 1932-07-03

QOWn lICd WY bAi
governments, cor
porationS, W a G e
earners and In
vestors.
Nations have had
difficulty in bal
ancing their bud
gets. Some have
been compelled to
suspend payments
on the service of
their external debts.
Today there are SO
listed foreign dol
lar bonds in de-
fault.
Company earn
ings have persist
emily dec r e a S e d
with the steady
Evening star., 1932-07-03
June Interest Rates.

NEW YORK. July (P).-Interest
charges for call loan funds in June on
the New York Stock Exchange and the
Curb Exchange were the same as in
tne previous four months, 2is per cent
on the Stock Exchange and per cent
on the curb. In June. 1881. the rates
were 2l2 per cent and 2 per cent. re-
spectively.
Evening star., 1932-07-03

decline in the level of commodity prices
and the impaired purchasing power of
consumers until the list of concerns
paying the same dividends as in the
early part of 1881 has shrunk to small
size.
The momentum of wage and salary
cuts has been increasing; the number
Of workers fully employed decreasing.
Owners of securities or real estate
have had their incomes sharply reduced
as dividends have been lowered or omit
ted, interest defaulted and rents de-
ferred. Along with this, and cause
Of it. has been a depreciation since De-
cember of nearly so per cent in the
Evening star., 1932-07-03
Consolidated Gas of Baltimore.
Special Dispatch to The star.

Special Dispatch to The Star.
BALTIMORE. July Met income
Of the Consolidated Gas, Electric Light
& Power Co. of Baltimore for the five
months ended MAY 81. was S3.057, OFT,
as compared with S3,374,213 In the cor
responding period last year.
This was equal to $221 a share on
the common stock as compared with
s2.49 earned per share in the 1881
period. Earnings in five months this
year were lat times the common divi-
dend as against 1.66 times last wear
Balance after dividends was $3.50. .222 .si
as compared with s1,1598s3.sl in the
1881 period.
In his letter to stockholders Herbert
A Wagner points out that It has been
the policy of the company to invest
large sums Of its income in the busi-
ness of the company. This. he saws.
has given strength and stability TO its
financial structure and has maintained
its credit on a high basis.
The company's capital stock and
funded debt are, respectively, 40 per
cent Of its total securities outstanding
Evening star., 1932-07-03

the forces of liquidation may have spent
themselves and the forces of recupera-
ton may be about to operate" the
Guaranty survey continues.
THE formation, early this month. Of
$l00,0o0,000 corporation to acquire
sound securities at present low prices
for indefinite holding by a number OF
large banks is expected to have a
favorable effect on security markets.
Until public confidence has been
further restored and nervousness fur
ther reduced, fluctuating markets are
inevitable; but with the progressive
Punishment of bogies. quiet but impress
siye strength should follow."