davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
ANNOUNCEMENTS

AhHO UHGkM MIMI
i Death Notices
BARRETT. SARAH wILsON-Died at the
home Of Mr.. and Mrs. W. H. stafford,
1922 Central ave, Thursday morning.
Services Saturday, 2.S0 p. m. Burial
Crown Hill
GOLDNAAIER, GRACE-Wife OF David B.
Gol9namer, sister Of MS. George A. Liv-
ingstol OF this city and Mrs. John B.
Green, Chicago, passed away " her
home, 1927 n. Capitol. early Thursday
morning, Dec. !, Funeral services at the
RAGSDAIE & PRICE FUNERAL HOME,
III 1z1s n Alabama ro5ds. i;So P m !sa,tgTeay,
Crown Hill. Friends may call at the
funeral home at any time.
GRIMES. ISAAC RUSSELL = Entered into
rest az his residence. 406 Terrace Ave,
loved husband Of Armilda Grimes. father
OF Mrs. Oakley Goldman, Mrs Curtis
Esdes Mrs Mabic Ken niis !. Mrs law Iisy-
Tor Overman and Truman J. Grimes.
Funeral Sunday at residence. 1880 a. m;
at M. z. church, Thorntown. Ind. $50
p. m Friends invited Burial Thorn
town. Ind. HARRY w. MOORE IN
MuESING. WILLIAM F.-Husband OF Rosa
BETTY Ann. passed away Friday j a. M
at his home I miles north Cumberland
on saith ST Faneral Sunday ago p; m.
~ tAt lGotNtALf AlAGIlutnk 81. aOtill
cemetery in charge Of MAX HERRLICH
& SON.
PITCHER, FRANCIS M.-Beioved husband
OF Louisa Pitcher father of Edith OAK
lev OF this CITY. Sadie Harper Of Cincin-
Nov. 30th. Funeral SATURDAY. Dec Srd
at the MOORE g. KIRK FUNERAL,
HOME 1880 Station st.. ? .. N. Burial
Washington Park cemetery. Friends i'll
vited. Friends NAV call at the residence.
29i5 n. Sherman Dr., until noon Satur-
dav
STOCKTON, AMANDA ELLEN-Of 362s
Orchard ave. beloved mother of Mrs.
Doctor F. L. Carey. and william Stockton
OF New Albany, Ind. departed this life
I In1Tlsq ,9g;,d Dec % sFe !9 years Fg-
F, Service cemetery chapel 10 a. m.
at Marion, Ind Friends may call at
MOORE & KIRK FUNERAL HOME. $3.50
station St, until p. m. Sunday.
WARD, AGNES WGREGOR-Beloved
mother Of Mrs. Betty Cory. and sister
OF John McGregor. Passed away Wednes-
dav evening. November 30th. age AZ years
Funeral services will be held ut the
VALID FUNERAL HOME 1919 n Illinois
St. SATURDAY. afternoon December 3rd at
z O'Clock Burial Crown Hill cemetery
Friends invited
MOOSE, ROYAL ORDER OF
Officers and members of 1ndpls. Lodge
death of Brother John Bangert Funeral
Saturday p. m. ROY Tolin Funeral
Parlor, 1914 Prospect str. Members who
can please attend.
SAMUEL L. MONTGOMERY (Dictatorl.
VIM ANDERSON Secretary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
New York Liberty Bonds
PLUMBING Permits

Hays Bros. southwest corner Fifty
ninth and College.
j. S. Stone, 1l6 East Maryland
Freyn Bros. Thirty-eighth and College.
Freyne Bros, southwest corner Fulton
and North
Freyn Bros. southeast corner Twenty
fifth and Cornell.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
Births

David and Wilma Strobe, 3i5i North
western.
Richardand Darline Cox, sl3 Leeds.
Lorn and Helen Fralich, 32ll East
Michian.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
STOCK SHARES
IRREGULAR IN
NARROW RANGE
U. S. Steel Moves Down
With Leading Issues;
Trade Volume Light.
Average Stock Prices

average Of thirty industrials for Thurs
JISs77' nign $3.50 low 56.02, last $500, up
49,. average OF twenty reils 260l "a al
5ss..5' up III, Average Of twenty utilities
zoti, @584, $3.50, up so. Average OF forty
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

scattered sales about steady; medium
kinds. IS. 25n5 IS; common. 81 Calves =
Receipts. ZOO veRlers steady at recent de-
cline; good to choice. SIS; common and me-
dium. s3.75@5. Sheep-Receipts 400;
lambs weak to mostly Csc lower: better
grades of most; good to chiiee, S6d625;
mixed offerings s5.50Q5.75; common and
medium, $4.75G5.25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
INDIANAPOLIS WAGON WHEAT
CHICAGO CASH GRAIN

City grain elevators are paving 40c for
No. soft wheat. Other grades on their
merits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
INDIANAPOLIS STOCKS
AND BONDS
BY Newton Todd

BY Newton Todd
The following quotations do not repre-
sent firm bids and offerings, but indicate
the approximate markets based on recent
transactions or inquiries to buy and sell.
Dec p
Stocks
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
CHICAGO
Chicago Fruit


CHICAGO Dec. Observation-Disclosures
Jonathans, bushel. sf154l25: Spies
IntoSh, bushel Sl40dl5O Greenlngs.
hushel. s0cGsl.10.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
By Times special

LOUISVILLE, Dec. Notwithstanding
100; mostly steady: bulk common and me-
dunn steers and heifers. s3.25G5 best light
weights eligible TO around S5.75. beef cows
mostly s2.25G2.75. practical top. So: low
cutters and cutters. Sidz; bulls. mostly
s. down; stockers and feeders. s5G4. 50.
Calves-Receipts. $50: steady: bulk good 10
choice vealers, S404.5O; medium and lower
grades $3.50 down. Hogs-Receipts, 600
steady i75-240 lbs. s3,5o. 2z5-2o5 lbs.
$40 sows. 81 and stags. 81 so. SHEEP
REGENTS. so: steady: bulk better lambs
$50 S IS: best eligible $3.50 or better: lover
grades 81 down; lst ewes. Sl42. Thurs
days shipments: 81 cattle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
CHICAGO Stocks 0neninn

(By Abbott. Hoppln & Coz
Dec. p
Borg Warner. ia Mob Sparks. II
Cord Corp ... 4l4lU Rad & Tel
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

BIZ JHttcd Press
w GaIcAGo .J Dec loash grain Nc close
25A AeG No Whites $a5so 9c Corn F New
No mixed, 23l2c; No. 3. 224c: No.
2Is4@22c; No. yellow. 23d2324c; No. 4.
22M221ac: No. s. 21m21s4c: No. white
1924 23c: No 4. 22@22Ac: No 5. 2IIsc'
Oats-No. 2 white 16@16hc: No. 3. 49,
M1534c No. 4. 14l2c. Rye-No sales. Bar
-$5.50Q8.50.
By Times Special
CHICAGO, Dec 2-Carlots: Wheat, /;
corn, 49, oats, IA; rye, 0, and barley, 10.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
HOGS

Receipts, 6,O1U; market, steady.
14O-160) Good and choice. IS $50
Light Lights
(160-180) Good and choice. $50
Light Weights-
10000 Good and choice. 3.45
t200-220) Medium and good. $40
Medium Weights
(220-25o) Medium and good :. 3.350 $40
(250-290) Good and choice. $3.50 $50
(29o-35o) Good and choice 3.2o@ 325
C35o-5oo Medium IH and good. :. 2.25@ 800
tl00-l20l Slaughter pigs. $50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
Transportation
n1II-Y &c pARGATi.HI.T;cI

DAILY BUS BARGAINS
n Y. or Phila.. 81. Wash or Bait
$40 50: Pitts. So 81. Louis $3.50
MODERN TRAVELLERS BUREAU.
Ereyort Hotel. RI-zls&
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
1At MAIL BOX POST OFFICE

There 90 ~ LINCOLN HIGHWAY
Ne Chicago Hoshta H.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

TOLEDO, Dec .-Hogs-Receipts. 275:
market. l5c lower: heavy Workers s325d
$780, mixed s5.2sG $50. bulk. S32563 80:
DIGS. 1925: lights. S3.25. rouglls S225n
2.5n. Cattle-Reeeipts 500: market, slow.
Calves-Receipts. light; market slow Sheep
and lambs-Receipts. light; market, steady.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02
The City
i'm. Brief

IrvingtOn Artists Exhibition. to 10
D. m. Carr's hall.
Alliance Franchise. luncheon, Wash
ington.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

y EAoI BUFF ALO, Dec. Hogs on sale
$500: active TO all interests: weights be-
low $50 lbs. steady to SC lower; others
steady 70 strong; desirable. 1904 go lbs.
S3.75a3.e5; mixed and palmer lots, Sc 70:
$50: COWS active. fully steady: cutter
grades, sl.25@2.25s steer trade draggy;
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

~ IobUfNNIH DEC. z.-HOgS-keCelptS,
1900; market steady to SC lower; f2O-2I0
lbs; s3.75G 800: 220-29O lbs. s3.5Od3.7O;
packing sows S25003 Cattle-Receipss
so; market, steady; medium to good steers.
yearlings quoted. s4.50@625; common down
TO So; so. medium to good cows, S2.509
$50: lower grade COWS. si2562.25; bulls
S2.2563.50. Calves-Receipts 100 market.
steady to SOC cents lower; good and choice
$50. sReep.Rece ito 500: mi mar gS
steady better grade lambs s5.7sd625: me
dunn and hesvv lambs. S5d5.50: common
to medium S35064T5
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

CLEVELAND. Dec 2-Hogs-Receipts.
1900 holdover none. SC to mostly l5c
lower; TOP. so on weights 10 lbs down:
bulk. l80-250 lbs. $3.50; 260-300 lbs. main
" S3.25; few in mixtures 1885. Cattle
strong to higher again common to me-
dunn. S4l5M5.75: including 807-lb load at
sl50a275 Calves-Receipts 200; steady:
bulk vealers. Sc downwardS: Gull to me-
dunn. s3@5: mainly. S3.5o6450 Sheep
q6.25: Gull to medium, s3G5; largely S4@5.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-12-02

FT. WAYNE. Dec. Hogs-steady; i4O
200 lbs. S3.45: 2o0-250 lbs. $685.; 250-300
lbs. S3.25: 3oo-350 lbs. S3.l5; roughS. sac
$50; stays, $3.50; calves $3.50: eve and
Yether lambs. S5.15: bucks s475.
Evening star., 1932-12-20

economic conference to be held some
time in April;
% The solution of the arms ques-
tion, which has an indirect bearing on
the depression, was being sought by
the Geneva arms conference and;
3. The question of debts and repara-
tions. The latter was tentatively
solved last Summer at Lausanne, while
the solution of the former is being
sought at present.
All these problems were handled in
dividually; no attempt has been made
heretofore for a coordination of these
questions. The chief feature of Mr..
Hoovers message Is to have one body OF
experts, political and economic, take up
the threads of these various problems
and discuss them at the same time.
The body of men Mr.. Hoover intends
to appoint will have no power to take
any decision, but merely will make the
necessary recommendations. Neither
will this committee of experts be con-
fronted with the usual difficult task
Of discussing these various matters at
once with all the other nations. The
chief feature will be that it will take up
these questions with each government
separately and will then report before
the meeting of the International Eco
rl0l1llC conference, On WlllCIl VIC Ilupco
OF the nations for an economic revival
are pinned.
Explains Opposition.
For the first time Mr.. Hoover re-
veals why he had strongly opposed the
inclusion Of the question Of tariff rates
and intergovernmental debts in the
agenda of the Economic Conference.
This exclusion has been severely criti-
cized. both in this country and abroad.
Mr.. Hoover discloses now the reasons
which prompted him to refuse their
inclusion by saying: The decision here
tofore reached to exclude debt questions
from the coming World Economic Con-
ference or from any collective confer
ence with our debtors is wise, as these
are obligations subject only to discus
sion with individual nations and should
not form part of collective discussion
or of discussion among many nations
not affected
Evening star., 1932-12-20
ROOSEVELT is SILENT.
Indicates Statement Of His Position
Will BE Made Here


ALBANY, N. Y, December 20 P.-
There was silence at the executive man
sion today concerning President Hooyeris
proposal that President-elect Roosevelt
cooperate with him in setting up ma
chinery for dealing with war debts. dis
armament and world economic prob
lens.
Close associates Of Gov. Roosevelt
delved into his past utterances. finding
in them evidence which they inter-
preted to mean the Hoover suggestion
would not bring favorable response
from the Governor.
As for the Governor himself, he indi-
Gated to newspaper men that any for
NAL statement Of his position probably
would be made at Washington
Mr.. Roosevelt, his friends pointed
out, has expressed the opinion several
times since his conference with Mr.
Hoover on war debts las month that
debts, disarmament and the world eco
nomic situation should be taken up
separately.
His position, said his friends. is that
whereas these problems may be inter-
related ultimately. the best approach to
them is from an individual standpoint.
Furthermore his advisers feel Mr..
Roosevelt might object to dealing per-
sonally with the commission at this
personnel would be submitted To him
before the appointments are finally
passed upon. Roosevelt has empha-
Evening star., 1932-12-20
GLASSFORD AUCTIONEER
Former Police Chief Will Preside
at Benefit Art Sale.

Brig Gen. Pelham D. Glassford, for
mer superintendent Of police, and VIII
mates at American University, will act
as auctioneers at the benefit auction
sale of paintings to be held by the Art
League of Washington at Pill Ban
croft place, tonight at $50 o'lock, un-
der direction of Charles Val Clear. The
event will be formal, admission by card
obtainable at door,
Works Of art, including oil paintings.
water colors, dry prints, woodblock
prints, small sculpture and drawings,
vii be disposed of to further the work
of the league and to assist the work
Of local artists. Paintings will be sold
from the walls, to remain on view. with
purchasers name until December 80.
unless wanted for gift giving.
Evening star., 1932-12-20
BRITISH WANT EARLY ACTION.
Newspapers of Different Political Faith
Praise Hoover's Message.

LONDON, December 20 P).-Great
Britain looked to its government today
to prepare Immediately for review OF
the debt setJlemen win the United
States along lines proposed by President
Hoover.
The Presidents message to Congress
announcing his decision TO carry out
this plan was praised by newspapers
of different political faiths. But the
nation already was prepared for it by
Acting Premier Stanley BaldWin's an
nourcement in Commons yesterday that
the United States had agreed to joint
examination of the entire debt question.
Two newspapers took the view Presi-
dent Hoover's statement revealed new
world outlook on his part, while another
disapproved of his linking" the debts
controversy with world economic con-
ference.
Press Comment on Plan.
The Daily Telegraph, which supports
the dominant Conservative party. eX-
pressed astonishment at what is de-
scribed as Mr. Hoover's change OF
mind" 1t said the message showed he
was being completely cured of the de-
lusion his country is able to stand on
its own feet economically
The Herald, Labor party backer, said
"the essential point IS Hooyer'S
1nsistence that the debts problem has
entered the world situation. We
enter new phase. Here at last
is the basis on which Britain at least
can begin a discussion with real hope
fol fruitful result"
The News Chronicle, which is Liberal
in politics, believed 1t was mistake
that defaulting nations were apparently
excluded by President Hoover from dis
CTssions of the debts. mo settlement
which is not world settlement can be
really effective"
Other views. however. stressed salts
faction with the fact that Great Brit
ain had paid up and thus was entitled
under President HooverS terms to talk
over the debts.
Move Declared Courageous.
The Hoover proposal was not expected
10 meet with congressional approval in
the United States, in the opinion Of the
News Chronicle 1t pointed out any
settlement would be vain ii Congress did
not accept it. HOover's decision to carry
on debt negotiations despite Congress
was described as courageous" by that
nev'sraner
comment on Mr.. Hoovers message to
Congress. Dealing between the United
States Executive and the Legislature are
purely domestic matters. it was ex-
planned. in which it would be improper
for foreign governments to NEEDLE.
Officials Study Message.
Neville Chamberlain. Chancellor Of
the exchequer, and Sir John Simon.
foreign secretary, studied President
Hoover's message closely today. Sir
John was confined to his room with a
cold, but was fully in touch with de-
velopments The message also was the
subject of a report from Sir Ronald
Lindsay. the ambassador at Washington.
In parliamentary circles, Mr.. Hoover's
message was interpreted as forecasting
an invitation to Great Britain to send
a debt commission to Washington and
an early announcement of debt meet
ing was expected.
Evening star., 1932-12-20
BY the Associated Press.


BERKELEY, Calf, December 90
Not a new and revolutionary theory, but
a well-defined system Of social laws first
expressed nearly is years ago is the
way william H. Smyth, Berkeley econo-
mist. describes ''technocracy," widely
publicized theory of industrial society.
Smyth, who Is not a professor, but
who recently willed his home, Fernwald.
to the University of California, declared
yesterday he coined the term as early
as 1918 to cover a system Of economic
ideas which he expressed the following
wear in q series of articles in the engi-
neering publication, Industrial Manage
ment.
The articles. appearing in February,
March and May. 1919, under the title
"Technocracy," were later amplihed.
Smyth said, by group OF copyrighted
pamphlets, all expressing his ideas Of
society in an industrial world.
Theory Attracts Wide Interest.
Recently economists throughout the
Nation have evinced much interest In
Smyth's theory Of "technocracy" and
have brought wide publicity to the word.
Discussing seemingly sudden interest
in the theory, Smyth said:
These engineers and professors OF
sociology and economy are merely
amplifying and putting into statistical
form the ideas and statements which
made in the various articles I wrote at
Evening star., 1932-12-20
LOophole Believed Left.

But even if France continues in her
present attitude of refusing to meet her
obligation, the message seems to leave
a loophole whereby that countrys re-
quest may be considered. once the debt
funding agency is set up. This seems
indicated in the Presidents statement
that:
%" Our representatives in these
matters should be selected at once who
can prepare both these functions of pre-
pairing for the World Economic Con-
ference. and should exchange views
upon the debt questions with certain
nations at once and to advise upon the
course to be pursued as to others"
The Presidents message was not in
tended to give any particular relief to
any country. but it was meant to con-
vey to Congress a certain amount OF in
formation on the world situation as the
President sees it. 1t also is an attempt
on his part to help the incoming ad
ministration to face the difficult world
problems with which it will be con-
fronted from the very outset.
The principal thought which guided
the Chief Executive in recommending
to Congress the setting up Of machinery
as with other problems is this: The
world is going through the most severe
crisis known in modern history. To
solve this crisis, the principal govern
ments have been working through three
channels, but the work has been in
dependent of each other and lacked CO.
ordination.
Three Solutions Sought.
The solution Of the following three
important problems was being sought
in the last II months:
% The solution of the monetary
crisis which underlies the present de-
preston was being sought through the
Evening star., 1932-12-20
"TECTINOCRACY" IDEA ADVANCED
Is YEARS AGO, ECONOMIST SAYS
Proposal Now Being Pushed Is Merely
Ampli6cation of His Theory,
Californian Declares.

the time the United States-in fact
the entire world-was intoxicated with
the fumes Of prosperity.
In those days-Some Is years ago
many students Of sociology and many
economists believed that was painting
too drab q picture Of the future; but
subsequent events have proved con-
clusively that my representations
were valid.
Pointed Out Consequences.
1T Is gratifying to me to find that,
after this long period of doubt on the
part of the leading economists and So
biologists. they have now come around
to my reasoning that our economic sys-
tenn is wrong-that 1t has been wrong
for years and needs radical modifica-
tions to bring it up to the needs of an
industrialized society.
During the war talked with econ
omists of the War Industries Board,
among them Wesley Claire Mitchell,
regarding the dangers that would ac-
crue-and that we are now facing-as
a result Of the mortgaging Of the future
with the huge bond issues then under
consideration.
II pointed out the inevitable conse-
quences which we are now experience
ing-that the enormous interest bill on
public and private bond issues and
credits would sooner or later neceSSitate
canceling Of all debts, public and pri-
vate, to escape national bankruptcy"
Evening star., 1932-12-20
BLAINE NOT A CANDIDATE
FOR FEDERAL JUDGESHIP
Wisconsin Senator Wires Milwau-
kee Paper to Quiet Rumors
Regarding Plans.

BY the Associated Press.
Senator Blaine. Republican of Wis
consin, who was defeated for reelection
last Fall, announced yesterday he is not
a candidate for Federal judge or any
other appointive Office He sent the
following telegram to the Wisconsin
News of Milwaukee.
Press reports in Wisconsin are car
ried from time to time that I am a
prospective appointee for Federal Judge
for Western district, and I note recent
similar item in Wisconsin News.
Il have not been and do not intend
to be a candidate for any appointive
Office and I trust this announcement
will put at rest further speculation on
that score. When l am candidate
for public Office it will be for an elective
Office in my State
Evening star., 1932-12-20
FRENCH PRESS DUBIOUS.

PARIS. December 20 R.-Paris
newspapers were dubious today OF
President Hoovers proposal to create
machinery for an international discus
sion of war debts, disarmament and
the economic situation.
Copious extracts from his special
prominently
The widely read independent news
paper Excelsior said:
There Is some confusion In this
vast plan but one thing Is certain,
Evening star., 1932-12-20
College Prodigies
Are Ready to Prove
They Are Not Dumb
Northwestern University
Men Willing to Fight
Battle of Wits.
BY the Associated Press.

0y tuc hSSOCldtcO
EVANSTON, ILL.,. December 20
Northwestern University's prodigies are
ready and willing to fight battle Of
wits to prove they're not dumb
"Dumbbells" is the word John N.
O'Reilly a freshman student, used in
referring to the prodigies. who were
selected by the school for an education
al experiment because of the exception
ally splendid scholastic records they
made in preparatory schools. Six Of
the "geniuses" issued a challenge to
O'Reilly to meet any one of them in
an intelligence contest.
Among other remarks O'Reilly made
about them in the school paper was one
that they we're missing the most val
liable things in college by burying their
noses in their books. This they de-
MED
I'VE are strong in activities one Of
them replied. land even competed in the
mustache growing contest although We
are young We would like to meet Mr.,
O'Reilly and show him just how dumb
we are"
Evening star., 1932-12-20
INLAND WATERWAYS
VALUED AT $7,O0O,000
Estimate on Corporation and Ter.
minal Company Made for Com
mercial Purposes.
The Inland Waterways Corporation
By the Associated Press.

by tne ASSOCIATED FleSS
The Inland Waterways Corporation
and the Warrior River Terminal Co.,
beth owned by the Federal Government,
are valued by the Interstate Commerce
Commission, for commercial purposes,
at only s7000,000.
gave this estimate today to Secretary of
War Hurley. along with the statement
that the original cost of the corpora
tion's barge lines and necessary land
property and the WarHor River Termi-
nal was more than $25000, 900.
The value fixed was that at which
the properties might be sold, with
prospect of the purchaser being able
to obtain a reasonable return on his
money. 1t is not the valuation that
would be fixed for rate-making pur-
poses.
The Valuation Bureau found that the
original cost Of the properties used in
connection. with the Federal barge lines
carried on the corporations books as
s23, 1854 1922 "a should be $22, Isl ,210.53.
This property includes the upper and
lower Mississippi River divisions and
the Warrior River division and
was found to have a fair commercial
value of s6.50O0O0.
The Warrior River Terminal Co.,
railroad, all of the stock of which is
owned by the Waterways Corporation,
is carried on the corporations books as
having cost 81 ,253 ,227. The Valuation
Bureau found that the cost should have
been 81 ,446,678. The commercial value
OF the Terminal Co. was set at S500,000
Ax,io c1,1hS In Neu Zealand are
buying planes with funds raised through