davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-26
BY RAYMOND CLAPPER
United Press stan Correspondent
lCnr,rrInhl fnan l.. rrr.iAnA DIAL

CLEVELAND, Feb. 26.-J. r. Mutt,
treasurer of the Republican national
committee. declared today in favor
of q Republican platform indorsing
national prohibition referendum.
He believes such a referendum
should be held in an off year so it
would test popular sentiment with
out the complications possibly en-
gineered in the politics of a presi-
Dental election year.
This Cleveland banker, having
charge OF raising party funds, thus
joins a growing group of admins
tration Republican leaders favoring
a change in the party's attitude
toward the prohibition controversy.
Hitherto the Republican party has
held to a law enforcement plank.
Speaks AS Individual
He revealed his position in an in
terview with United Press, empha-
sizing that he spoke as an individu-
al and not as treasurer of the party.
Il would like to see the prohi-
bition question brought to a vote
so we could find out what the will
OF the people is" Mutt said. But
IL should be done in a political
way.
There are about as many vets in
the Democratic party as we have in
the Republican party, maybe a few
more. Both parties are divided.
Why try to make it a party issue?
We ought to have clear cut
test where the question is just wet
and dry and not Republican or
Democratic"
Keeps Clear of Party Lines
do you mean that you would
prefer to have a referendum for in
stance in 1888 Iather than in a
presidential year?" he was asked
YES" he replied Don't have it
on party lines at ALL
Would you like to see such a
step. recommended in the Republi-
can PLATFORM" the interviewer
asked.
Eyes, I would" said Mutt. at
think that's the way it should be
done. I do not vote for a man be-
cause he is a wet or a dry. I don't
pay any attention to that as long
as he is a good Republican.
Il am speaking of course as an
individual and not as treasurer of
the Republican national committee.
l don't have anything to do with
the platform"
AS to the mechanics of a refer
endum, Mutt said it ought to be
possible to find way.
Talks Right Out Loud
banker rather than a politician,
Mutt said out loud what a number
of high party leaders are whisper
ing.
He is an intimate of Postmaster
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-26
Estimated Highway Costs
to Be approximately
100000.

Bids on seventeen bridges in ten
counties, estimated to cost around
$500 900, will be received by the
state highway department March
IS. 1t was announced today by Di-
rector John j. Brown.
Largest project in the letting is
a 365-foot bridge on the Dunes re-
lief road IS. R. 20) over double rail-
road tracks and a county highway
The structure viii be located about
one-half mile west of the Porter
La Porte county line, near Mich
igan City.
The contract calls for approx
mately $4,000 cubic yards of grading
and paving, a of a mile of bridge
approach and ten-span structure.
Entire construction estimate is
about 100000, Brown said.
Next biggest project is on state
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-02-26
TREASURER OF
c. 0. P. FAVORS
DRY LAW VOTE
National Referendum in Off
Year Election Is Pro-
posed by Mutt.

RAYMOND CIapper, manager Of the
United Press washington Bureau. pur-
suing his political oheckup outside the
capital. has interviewed. at Cleveland,
Treasurer J. r. Mutt Of the Republican
party and finds him as an individual
favoring a change in the party's posi-
ton toward the prohibition question. In
the accompanying exclusive story. Clap
per presents Nuts views on this inn
portant subject, and shows how such
view squares with the attitude Of Re-
publican leaders in Washington.
Evening star., 1932-02-21
GLASS ST|RS TALK
ON FRENCH THREAT
Hint on Gold Withdrawals
ArouSes Speculation
in Capital.
BY DAVID LAWRENCE.

Did France threaten to withdraw her
gold from America unless the United
States took a more sympathetic attl-
tude toward war debts and reparatlonS?
This question has been asked on Capt.
tol Hill and everywhere in Washington
ever since Senator Carter Glass, Vir-
ginia. Democrat, limited in his Senate
speech that the bill permitting changes
i'll the Federal Reserve act was meas
ure designed to fortify Americas gold
raids from abroad, and particularly
France.
1t is assumed Senator Glass, a former
Secretary of the Treasury, and one of
the Democratic Senators who are called
into consultation by President Hoover
on financial matters would not make
his statement without background of
knowledge obtained in official quarters.
When he said officials of the Bank of
France 'outwitteo" Federal Reserve
Bank officers in the United States. it is
did not keep the pledge they made
when Premier Laval visited here
namely, to avoid all Withdrawals of gold
at this time.
Used as Leverage.
The prevailing belief now is that the
French began to withdraw earmarked
gold and showed some signs of drawing
down their foreign balances, too. They
had, of course, right to withdraw their
gold, but the constant use of that cir
cumStance as a leverage on America
has recently become SO apparent the
United States Government determined
to rid itself of the danger that such
pressure might have. especially at
time when Europe was beginning to feel
that, Notwithstanding the protestationS
of the American Congress. there sooner
or later would be lenlency on the war
debt question and a Will" ~N~-7 - -
duce American demands for full pay.
nent of current Indebtedness.
The American policy has been some
what vaclllating on the gold question.
First it was argued. the United States
didn't care if the French withdrew their
gold: then it became evident America
did have some apprehenSlonS about
precipitate withdrawal, and finally the
decision was reached to serve in effect
an ultimatum on France and let her
take all her gold and thus end the un-
certainty that has enveloped the whole
question.
Whether France will go beyond her
withdrawal Of earmarked gold and take
down her balances. too. is dS yet un-
certain, but the United States will have
prepared itself for the contingency.
Even dIler all fTenCN gold is WITH
drawn. America still will have more
gold than France and more than
enough to satisfy the legal requirements
under the Federal Reserve act for the
Issuance Of currency.
Regarded as Warning.
Both Houses of Congress now have
passed the Glass bill, and the speed with
which Congress acted is expected to be
a warning to French financiers that
any attempt to use financial pressure
or the gold situation to affect American
diplomacy on the war debts is doomed
to failure and will have instead an un-
favorable reaction
SO long as the French kept the gold
question hovering over the heads of
American banks. there was doubt about
whether the rediscount rate could or
should be maintained, and, in effect,
Evening star., 1932-02-21

American domestic banking policy WAS
too largely dependent on the whims OF
the French bankers. Nov that kitua-
tion has been removed and American
expansion of credit for domestic pur-
poses will continue to be based entirely
ON the theory there Is SUFFICIENT credit
and that rs mobilization Tor business
use Is the real need OF the hour.
To this end. the bill carries with It
not only the right to use Government
bonds to make up the difference be-
tween the 40 per cent gold reserve and
the paper now eligible as q backing for
the issuance OF currency, but 1t also
makes possible borrowing by banks
generally at the Federal Reserve
banks by putting up good collateral ap-
proved by clearing houses. The feeling
now is that the United States has taken
defensive as well as offensive measures
in battling the latest phases Of the
credit battle, which has been SO vital
a factor in the whole business depres-
sion.
Evening star., 1932-02-21
GIANNINI IS WELCOMED
BY SCORES ON COAST
Head of Bank of America Returns
From East Following
Proxy Battle.

By the Associated Press.
LOS ANGELES, February 20-Scores
of friends and business associates well
coined A. P. Giannini, recently elected
chairman of the Transamerica Corpo-
ration board and president of the bank
of America, when he arrived by train
last night.
He returned from an eastern fight to
retain control for himself and his aSso-
ciates of the giant banking group for
conferences here with officials Of these
companies.
Il want every man and woman who
worked so valiantly in the proxy bat
tie" says Giannini, Ito join with us
now in the fight for new business"
He said he would give his entire time
to the development of Transamerica,
the Bank Of America and their sub
salaries.
Evening star., 1932-02-21

Were Now
500 Ties, black, white and red... so rs
$50 Wool-mixed Socks, oN to IL IS .30
IA Golf Clubs, Brassies only.... 1o5 so
so Bow Ties, assorted colors. s.... so is
100 Socks, pastel shades. ....... so 10
Is Pajamas, soiIed, sizes A, B.. 1.1o 40
$50 ROCKINGHAM Union Suits. :. 100 .80
800 Socks fancy patterns. rs, .35 20
"a Colored Demibosom Shirts. 800 las
Ribbed Union Suits, "a, 80. 1.5O 80
5 Part WI Union Suits, 1910 ESQ, So 1.5O
Cotton Union Suits, 36, 10. a zoo LIS
Evening star., 1932-02-21
Clearance! Mems Clothing Mems Furnishings

Were Now
1 Rayon Dressing Robe, medium 6o5 z.50
1 Shantung Silk Dressing ROBE. $500 1000
So Medim.wgt. Shirts, Drawers 100 80
30 Ribbed Union Suits, 36 to 46 LIS SO
SS1 Athletic Union Suits, 81 to 81 7o 40
s. Mems Driving Gloves. ...... $50 LIS
q Mems Driving Gloves. ...... $50 rs
House Coats, SO, ~, 46. ...... 6o5 Z.50
IL FlanneIette Pajamas, A to 1o5 1.10
$50 Shirts, slightly soiled.. 1.1o to 81 2 for 81
8 Wool Vests, 40 and A.... 1.95 .S9
III Suede Wmdbreakers. ...... 6o5 3.05
Evening star., 1932-02-21

Blue or green backs with 4
sepia picture of the Father of
Our Country. and the Bicenten-
nial dates. The cards are of
excellent quality with gold
edges.
Palais Royal-Main Floor
Evening star., 1932-02-21

Such pretty little dresses-youIl
want two or three. Many with
panties to match. Dainty collars.
pockets and sashes-dresses of
exceptionally good materials.
to 3.
Palais Royal-Third Floor
Evening star., 1932-02-21

The new Spring and Summer
patterns are in! 8x1O it., $10.o5;
|6x9 it,, $S.o5; 4x7 it., $3.50; 36
XII in, sos; 30x0 in, $3.50.
Second Floor
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
Produce Markets

heavy breeds over Az lbs, loo under AZ
lbs, &c; Leghorns. &C. broilers, colored
partly feathered &c; leghorn and black
~ lbs. up. SC: cocks and stays, SC;
leghorn cocks. &c. Ducks large white.
Geese. full feathered and fat. Sc. YOUNG
guineas, each. zoe: old 15c,. Turkeys.
choice young hens, lbs, UP, lie; choice
young toms over i8 lbs, &c; choice old
hens, lie; choice old toms, &c; poor
or crooked breasted &C. Eggs appToysd
lean Poultry Industries: No. l. zoe: No
g. 24c: No. 8. 17c;. country run. loss
Off zoe. Butter % to 23c; undergrades
healthy stock. free from feed. No sick
poultry accepted. Quoted by the Wad-
ley company.
BY UNITED PRESS
CHICAGO. Dec. Eggs--Market. weak;
lrsts, soc; current receipts. 27@29c; dirties,
18623c. Dutter-MaTsae t, steadier; re-
ceipts, 1888 tubs; specials, 24Aa g253+c:
frsts. 22G2255c; seconds, l9G21c; stand
ards: 23c. Poultry-Market, steady to easy;
efS Il &c., trqGk gGor i0%S &c. ducks SSs 8c
Leghorn broilers. &c. Cheese-Twins. 1124
tatoes-on track 200; arrivals s.; shin;
ments. 536: market dull: Wisconsin Round
Whites. Sta q zoe; Idaho Russets, Sl05W
1.17l2; Minnesota Cobblers, zoe.
NEW YORK. Dec. 2.-Potatoes- Firmer;
10 S per psis barrel rel Id idaho Re s175a3iO per
sack; Bermuda, $4@S per barrel Sweet
potatoes-Dull; Jersey basket, 35c@1 40;
Southern az barrel, 9oc@$l: Southern,
patents, $3.5o@3.sO per barrel Pork
Quiet; mess, $l6.5O per barrel: Lard
STEADY middle west spot $455@ VS. per
fined, tic gallon; crude Pennsylvania. 81 %
@472 barrel. GreaseM,,Quiet; brown, ~ "a.
Easier special to extra, 29eM27sc per
pound. Common kides-dull. Hides-City
packers, steady: native steers, sac; butt
poultrv-steady; turkeys. 10000; chick
ems. 10d lSc; broilers, 12620c; capons, 10
626c: fowls, l0@l8c; ducks. loo l6c; Long
Island ducks lS@l6c Live p915tTgy oc
ROSTERS, S@9c; ducks, s919c; fowls, IA
l8c; chickens, 6@l3c; capons. lac 25tc;
whole milk fancy to specials, 16@17lsc;
young America. 13618c. Butter-Market
steady; creamery. higher than extras, 25la
d26c extra 90 score, Csc; firsts 81 score,
seconds, 22d 221sc. Eggs-Market irregular;
special packs. including. unusual hennery
selections. 38@4Oc; standards, 35Q37c; re-
handled receipts, 32Q33c.
CLEVELAND, Dec .-Butter-Market,
easy; extras, 2794c: standards, 27c. Eggs
Market easy: extras, 32c; frsts, 31c;
current receipts 2ec. Poultry Market,
steady; heavy fowl, 12@13c; medium fowl.
loQ11c; Leghorn fowl, 8G9c; heavy rock
G10c; medium broilefs HOBO; Leghorn
broilers, 1890; ducks, 10c; young geese, 8
Ollie; old geese. &c; young turkeys, l8c:
Pennsylvania, 10O-lb sacks, U. s. No. and
Pennsylvania, 10-lb. sacks, U. S. No. l, and
partly graded Cohblers and Russell Rurals,
75Q80c poorer lower; New York, Ohio
and Pennsylvania, sacks a bushel Cobblers
and Russets, partly graded, 40Q45c; few
best, soc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
PORK MARKET
HOLDS STEADY
IN SLOW TRADE
Cattle and VeaIS Weak to
Lower; Lambs Show
Little Change.

Hog market at the Union stock
yards this morning displayed a
steady trading range. Demand was
light. The bulk, 100 to 300 pounds,
sold at s325 to $3.50. Top held at
$3.50. Receipts were estimated at
5000; holdovers, 106.
Cattle were weak to lower with a
limited asking on all classes. Quail
ity was plain. Receipts numbered
400. Vealers were weak to lower,
selling at Thursdays prices at $3.50
down. Receipts were 400.
Lambs showed little change,
selling at mostly Sc down. Early
top held at $625. Receipts num-
bered 800.
Early scattered sales and bids on
hogs at Chicago held around steady
with Thursdays average on weights
below 100 pounds. Heavy weights
were inactive. The bulk of 140 to
100 pounds, was bid in at $3.50 to
$40, while early top held at $40.
Receipts were estimated at 10000,
including 1000 direct; holdovers,
1000. Cattle receipts numbered
1900; calves, 600; market sta
tionary. Sheep receipts were 5000;
market unchanged.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
GRAIN FUTURES
DROP ON WEAK
FOREIGN NEWS
All Options FraCtionalIy
Lower on Weakness
at Liverpool.
BY HAROLD E. RAINVILLE
United Press Staf Commandment

CHICAGO, Dec. 2.-Grains react
ed on the Board of Trade before
scattered selling today on the fall
IRE of Liverpool to make a full re-
Spouse to the upturn here Thursday,
increased pressure and irregularity
in the stock markets.
Buyers were more cautious and
were watching the foreign financial
situation and war debt question
carefully. Wheat was down frac-
tionally, but met some support.
Corn, oats, rye and barley eased
with wheat.
Opening Is Weak
At the opening wheat was a to
IS cent lower, corn was Is to 4
cent lower, oats unchanged to IS
cent lower, rye was Is to Is cent
lower, and barley was IS cent lower.
Provisions were steady.
Fluctuations in sterling continue
to unsettle Liverpool equivalents,
but at mid-afternoon prices were Is
cent to Is cent higher, failing to re-
fleet the sharp upturn here Thurs
day. Much of the late buying was
on the bullish Argentine news,
which indicated estimates will have
to be lower, due to extremely hot
weather, rains and locust damage
Cash Houses Buying
December corn surged upward on
reports of expert sales of 100000
bushels and on short covering
Thursday. Cash houses were TAX
ing all the December offered, and
the east was a good buyer, filling
needs before the close of navigation.
Deliveries of oats went to cash in
tereSts. Futures we're under less
pressure than during the early part
of the week. Action in the major
grains limited trading somewhat,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

Following is the explanation of
Ripley's Believe It or Not"
which appeared in Thursdays
Times:
Measuring the Smallest Current
"A vacuum tube, said to- be the
most sensitive measuring device
ever perfected, has been deyel-
oped by General Electric engi-
neers at Schenectady, N. Y. The
tube actually will measure such
an infiiniteSimal quantity of cleo
tricity as one quintillionth of an
ampere, and also will measure the
flow of six electronS a second. If
an electron could be compared to
the volume of a drop of water,
then the number of drops Of wa
ter of electronS flowing in one
minute through the usual fifty
watt electric light bulb would
equal the number of drops of wa
ter in the enormous volume going
over Niagara Falls in a whole
century.
The Monument to a -Pig-This
unique monument, situated just
off the highway on Route IS,
north of Blue Ball, o., bears the
following historical inscription:
THE first pedigree Of a Poland
China hog was written on this
farm in 1876 by w. c. Hankin-
son, owner of the farm, and Carl
Creigau, compiler of the original
record. This strictly American
breed of swine originated within
a radius of a few miles of this
place, and in the making required
the period from 1916 to 1850.
THE first volume of pedigree
was printed in 1873. This monu-
ment was erected by the Ohio
Poland China Breeders Associa-
ton. Unveiled June IS, 1922"
Saturday: "The Aquatic Touch
down."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
DOW-JONES
SUMMARY

Cord Corporation acquires control OF
Transamerica Airlines, Inc through pur-
chase of additional block of $4,000 shares
of stock of the Thompson Aeronautical
Corporation.
FirestOne Tire and Rubber Company in
year ended Oct. 81, 1882, certified by in
dependent auditors, reports earnings at
S1.O7 share on common, against SIPS
in previous year.
Aluminium Company of America declared
a dividend of rs cents on cumulative pre-
ferred same as paid in previous quarters.
r. J. Reynolds Tobacco Company de-
clared the regular quarterly dividend of rs
cents each on common and common B.
Daily average volume of reserve bank
credit outstanding during week ended
Nov. 80 amounted to S2204 900, 900 a de-
crease of SIS ,000, 900 from previous week but
an increase of $3.50, 600. 900 over like 1881
week.
Associated Insurance Fund Inc,
balance sheet as of Oct. 81, shows total
assets of S1,574,99S after adjustment of
securities held to actual market values
against S2,9s5, O3S as of Dec. 81, 1881.
80, increased 10000 to 1858, OoO, 900.
nonbrokers loans increased S26. 000. 900;
reserve system ratio on Nov. 30, amounted
to 62.6, against 62.7 week ago, and 65.6
a year ago; New York bank ratio 59.6,
against 1913. and 1873 respectively.
George A. Fuller Company receives con-
tract for construction oof the new Archives
building at Washington at cost of
So, 264, 600.
Holland Furance Company declared
the regular semi-annuaI dividend of $3.50
on preferred stock, payable Jan. /, of
record Dec. Is.
Pacific Telephone &c Telegraph Com
pany declared the regular quarterly
dividend of $3.50 on preferred stock pay
able Jan. is, of record Dec. 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
BY ELMER c. WALLER
limited press Iio.uos.r ua..


NEW YORK, Dec. 2.-Publication
OF the British war debt note tended
TO produce a more cautious attitude
on the Stock Exchange today.
Opening prices were mixed with
IN a narrow range of the previous
close and volume was light from
the start.
Leading issues of the various
groups appeared headed downward.
American Telephone was an excep-
ton, holding unchanged at 1O4s
Radio Shows Gain
United States Steel sagged to. 311z,
off Y; New York Central 21ss, off
IL; Texas Corporation 141z, ex-
dividend, off 9s; Case 375s, off rs;
American so, off u; United Air
craft 1914, off y, and Westinghouse
Electric 25l5, off u.
Small gains were noted in a few
Issues, including Radio Corporation
and Standard brands. Among the
stocks opening unchanged from the
previous close were Alaska Juneau,
Liquid Carbonic, Columbia Gas.
Chesapeake & Ohio, North Ameri-
can and Standard Gas.
Trend Is Lower
During the early trading the
trend was lower in the principal
shares, although declines from the
initial prices were restricted to small
proportions Volume continued
light and interest in the market
was almost wholly professional.
The pound sterling eased a cent
in the New York market, but held
firm in London, where the stock
market was steady.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
By Times Special
CASH GRAIN

TOLEDO O.. Dec. 1,-.-Grain close:
No. Q red, 51052c No. l. lc premium
Corn-No. Q yellow, 301a d311ac Oats-No.
white, 1914 2o1ac. Rye-No. 2 44laq
prices, 281a cent ratel. Wheat-No. .
red. 461a@47c; No. ! red, 471a G148c. Corn
No. 2 yellow, 251a @27c: No. yellow. 24ia
02512c; No. yellow 23l202412c; No. )
yellow. 22G2Sc Oats-No white 161a
G17iac: No. white. 16017c. Seed close:
Ciover-Cash. S5.3065.50: December. SIS. 406l
$50. Alsike-Cash S5.50m5.8T5: December.
S5500585. Produce close: Butter-FancY
creamery. 29c. Eggs-EXtras. 52M33c. Hay
Timothy per cwt.. 80c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
Futures Range
Indianapolis Cash Grain

The bids for car lots of grain at the call
of the Indianapolis Board of Trade, f. o. b.
shipping points, basis 411ac New YORK
were;
No. 2 red. S8la dS9lac; No. 2 hard 38ls a
39iac. Corn-Strong No. 3 white, 1712@
l8lac. No. 4 white, 16l2Ql712c: No. 3 yell
mixed, 16Ql7c; No..4 mixed. 150 Ice Oats
Strong; No. white, 1S014c; No. 3
white, 12013c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
Marriane Licenses

William c. NeI, 81. of $40 North Della
ware street. clerk, Gladys Lerusha Fos-
Otis Rutledee so, Of 2257 jackson street,
tanltor. and Ethel Sechman. A. OF 2405
Jackson street.
Clarence Brock. 81. Of 1873 Illinois ave-
Tremper. 10. of 1909 College avenue
Harry Albert Jones. 80. of 342 North
Hopart place. Los Angeles. Cal. mechanic.
and Harriet Katherine Benson, 2e, OF Har-
rison hotel, nurse
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
NEW YORK COFFEE RANGE
circle valuation Up Monday

Representatives of the Indianapo-
lis Real Estate Board will appear
Monday before the state board of tax
commissioners to urge lower tax
valuation of Monument Circle
property, which was taken to the
board on an appeal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
Deaths

Elizabeth Allen, S., Sill Smith lane,
broncho pneumonia.
Sarah Wilson Barrett. SIS. s522 Central,
coronary occlusion.
Mary Jane Thistle. 70, 2s44 Washington
boulevard, pernicious anemia
William J. Wemmer. TO- Seyentieth and
Washington boulevard, chronic myoear-
ditis.
Charles W. Grant, 50. city hospital.
general peritonitis.
Henry Elijzh Grigsby. 40. 2soz North
Keystone, anemia
John c. Krupp. 80. ll27 Fairfield. cere-
bral hemorrhage
Harry z. Ward, 40. 1910 King. lobar
pneumonis.
Robert z. Gregory. 81. s47 West Twenty
fifth, chronic myocarditis
Nancy Caroline Summers. IS, Nedford
broucho pneumonia.