davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Loan to Dawes Forced
Upon Him by R. F. c.
He Wanted to Close Bank,
Pay DepoSitors, but
Was Prevented.

| By Scripps- Hoicdrd Newspaper Alliance
WASHINGTON, Oct. 8.-The $780,
O00,O Reconstruction Finance Cor
poration credit to the Chicago bank,
headed by Charles G.. Dawes, former
R. F. c. president, was not asked for
by him, and virtually was forced on
him by administration officials, fol-
lowing his threat to liquidate his
bank, according to officials, who are
in position to know.
Details of the loan to the Central
Republic Trust Company, which has
created resentment against the
R. F. G. throughout the country,
came to light coincident with an
nouncement that Dawes will hqui-
date the Central Republic Trust
Company, and organize new bank
to be known as the City National
Bank and Trust Company. The old
institution will be continued as a
trust and real estate corporation.
According to the story told by
those in touch with the negotia-
tions, Dawes bank suffered Sc
we're strain during the period when
about thirty banks in the Chicago
area we're forced to close.
Dawes then let it be known that,
in order to protect cepositors, ne
intended to close his bank on a
certain Monday. He took the po-
sition that such a move would pre-
vent loss to depositors, as there
was said to be sufficient funds to
cover all deposits.
But other Chicago f1nanciers, in
Guiding Melvin A. Traylor, pointed
out that the closing of the Central
Republic Trust Company might in
jure the whole financial structure
of Chicago and vicinity, and begged
Dawes to reconsider.
They also got in touch with
r. F. G. officials, and Dawes finally
was persuaded to accept the loan
Chicago and New York banks par
ticipated in the advance of funds
For a while, the administration
thought it advisable to make public
this version of the incident in order
to allay dissatisfaction over the
transaction, especially in the west.
Many farmers and industries I'M
able to obtain funds from the R. F..
C. have cited the Dawes loan as
evidence of alleged favoritism to
friends of the administration. The
fact that the loan was made soon
after Dawes resigned as head OF the
r. F. c. also caused adverse COM
ment.
Several administration spokesman
acquainted with the facts we're
ready to make public these details
at the request of some of Hoover's
advisers, but it finally was decided
it would be better to say nothing
about the matter.
AS a result, the r. F. c., which
has been made the central argu-
ment for Hoover's reelection by
some G. o. P. campaigners, is al
most as unpopular in agricultural
regions as the federal reserve sys-
tenn was during the postwar defla-
ton period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Hearing Set for Oct. 18

Custer petition of the Muncie CITY
council against Mayor George R.
Dale will be heard by the supreme
court Oct. IS unless agreement is
reached meanwhile between attor-
neys for Dale and the council, Will
liam Mcclellan, Dale's attorney, said
today following conference with
Delaware Circuit Judge L. A. Guth-
RE.
The councils suit was filed this
week in the high court by Richard
Ewbank, attorney for the council
asking a writ of prohibition pre-
venting Guthrie from making per-
manent a temporary INDUCTION void
ing the councils removal Of Dale
from Office.
It was understood tentative agree
ment had been reached by attor-
neys for both sides to permit Dale
to remain in office pending decision
by the federal circuit court Of APP
peals at Chicago Of Dale's appeal
from conviction Of a charge Of con-
spiracy to violate the national pro-
hibition law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Slick Trick
Gets No Pay; Takes His
Polish; Only Shoes
Come With It.
By Times Special

BIZ Times Special
CHICAGO, Oct. 8.-Joseph
~ Campbell, 43, did not steal
six pairs of shoes, he explained
in answer to a robbery charge.
He took them because it was the
only way Of getting back the pol
ish he put on them.
Clarence Powell, who brought
this charge" said Campbell,
promised to pay me Is cents if
shined the shoes. After I pol
ished them he wouldn't pay My
polish was on the shoes and took
it back. couldn't help it if the
shoes came along with the polish"
Judge Leon Edelman arranged
a settlement whereby Powell paid
the Is cents and Campbell re-
turned the shoes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Battle Over Embargo
on Russian Asbestos

Canadian mines are quoting uni
form prices to independents.
Independents are not objecting to
present prices, but say they fear
that, should he embargo on Rus
sian asbestos be made permanent,
the Canadian mines, American
owned and independent, will boost
prices on the raw product so high
that the independents will not be
able to compete with the two big
companies that mine their own
asbestos.
The independents say that the
only asbestos mines in this country
in Arizona and Vermont-are so
small that they can not begin to
supply the needs of the American
market.
They say that a permanent en-
barge on Russian asbestos will give
the Canadian mines a virtual mo-
nopoIy on the American asbestos
market, adding that asbestos mined
in Rhodesia, Africa-the only other
large source of supply-has been
taken off the American market.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
F. M. ADAMS DEAD
Ex-State Senator Widely
Known in Indiana.

Frank M. Adams, 48, of Rockville,
former state senator, died Friday in
his home. Death was caused by
heart disease.
Mr.. Adams was widely known in
Indiana, and was actively engaged
in Republican politics for a number
of years.
The widow, and a son, Frank M.
Adams Jr., survive him. Roy E.
Adams and William Ray Adams,
cousins, live in Indianapolis. Fu-
neral services will be held at Sun
day in Rockville. Burial also will be
there.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
ORDER RATE SLASHES
Agreed Light Cost Reductions Are
Announced in Six Towns.

Agreed electric reductions in six
small towns were approved by the
public service commission confer
ence FRIDAY afternoon.
Estimated reductions are as fol-
lows: Miami, $958.23; Cassville.
$80.76; Hobbs, SAITH; Curtisville.
$325.99; Emporia, $382.35, and Lin
coin, $178.44.
All are served by the Traction
Light and Power Company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Each Side Charges Other
With Attempt to Crush
Competition.

By Scripps-Hotcdrd Newspaper Alliance
WASHINGTON, Oct. 8.-For two
weeks the United States tariff COM
mission has been refereeing what
has the earmarks of a cat and dog
f1ght-no holds barred-over the
question of removing or continuing
the temporary embargo on Russian
asbestos.
The commissions docket lists as
compliments the Bear Canyon As
bestos Company, and the Regal
Asbestos Mines, Inc, and others, and
as respondents, the Amtorg Trading
Corporation and Asbestos Limited,
Inc.
The compliments named are COM
panies operating asbestos mines in
Arizona. and the respondents are
companies engaged in marketing
Russian products in the United
States.
The Johns Manville Company and
the Keasbey and Madison Com
pany. two of the largest man.
ufacturers of asbestos products, are
giving moral, if not active, support
to the compliments.
On the other side a half-dozen
Independent manufacturers of
asbestos products are giving support
to the respondents.
Each side is charging that the
other is trying to capture control of
the asbestos market and crush COM
petition.
The Johns Evansville and Keasbey
and Mattison companies own as
bestos mines in Canada and Ari-
IONA, and supply their own needs
therefrom.
In the hearing here, w. Truesdell,
head Of the Carolina Asbestos Com
pany, an independent spinner,
charged that since the temporary
embargo on Russian asbestos went
into effect eighteen gonths ago, the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
SEN. FRAZIER
SEEKS To HELP
FARM OWNERS
Bill to Refinance All Farm
Mortgages Will Be
Presented.

BIZ Scripps-H oteard Newspaper Alliance
WASHINGTON, Oct. 8.-Senator
Lynn j. Frazier (Rep, N. d. will
make a determined effort to have
the coming session of congress pass
his bill for refinancing of all farm
mortgages.
This proposal, reported out last
session by the senate agriculture
committee, was proposed by Frazier
as rider to the home loan bank
bill, but later referred to the senate
committee on banking and cur
rency, before which group it is now
pending. It was then opposed by
conservatives in both parties.
Something must be done if farm
owners are to remain farm owners, ="
Frazier said today. Il intend to do
all I can to get my bill, or legisla-
ton like it, approved next session"
Frazers refinance plan is in gen.
eral alignment with the recent pro-
nouncements of the two presiden-
tial candidates.
Governor Roosevelt wants the Re-
construction Finance Corporation
utilized to bring down mortgage in
tereSt rates.
Platform Provides Move
His party's platform declares for
better financing of farm mortgages
through recognized farm bank
agencies at low rates of interest on
an amortization plan, giving
preference to credits for the re-
demption of farms and homes sold,
under foreclosure"
President Hoover at Des Moines
said he would propose to congress
at the next session that we further
reorganize the federal land banks
and give to them the resources and
liberty of action necessary to enable
them definitely and positively to ex-
pand in the refinancing of the farm
mortgage situation where it is
necessary to give men who want to
fight for 1t chance to hold their
homes"
The Frazier plan calls for re-
financing of all farm mortgages
through the federal land banks.
Loans for this purpose would be
made at an annual interest rate of
IL per cent and an annual
amortization charge of TX per cent
of the principal. These would be
backed by first mortgages on farms
up to 30 per cent of their value.
How Money Is Raised
Funds for this operation would
come from the sale of federal land
bank bonds, earning IL per cent.
Federal reserve banks would be re-
quired to invest their available sur
plus and net profits in these securi-
ties.
Any bonds remaining unsold-
would be delivered to the reserve
banks for an equal amount of fed
eral reserve notes.
Whenever money in circulation
reached $75 per capita, or about $35
more than the per capita circulation
now, the treasury would retire the
new issues of federal reserve notes
for the new farm loan bonds, up to
2 per cent of the total in any one
year.
Refinancing Of only part of out
standing farm mortgages would be
accomplished Immediately, the re-
malnder to be a gradual process.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
is NOT
MENTIONED IN
REYNOLDS WILL
Document Executed Before
Marriage Is Filed for
Probate.
By niicd PRISE


NEW YORK, Oct. 8.-Libby Hol-
man Reynolds, Broadway torch
singer indicted on a murder charge
in connection with the death Of
her husband, Smith Reynolds. was
not mentioned in the will Of the
tobacco heir filed for probate here
Friday.
The document bequeathes a resi-
duary estate Of undetermined value
to his brothers and two sisters.
Executed in 1881 prior to his mar
riage. Reynolds will presumably was
designed to dispose Of his assets at
the time made, without a bearing
on the trust fund from his fathers
estate, which would have come to
him on his twenty seventh birthday.
This fund has been estimated at
s15000,O00
Under North Carolina law, Mrs.
Libby Holman Reynolds is entitled
to Widows third of her late hus-
bands personal property, according
to some authorities, who assert that
her unborn baby may share in the
trust fund.
Bequests in the document filed
today included:
To Albert Walker, a friend now
under Indictment awaiting trial on
a charge of numbering Reynolds,
$4,000.
To Anna Cannon Reynolds, his
first wife. $4,000.
To Anna Reynolds, daughter by
his first marriage, $4,000 in sddi-
ton to adequate provision made
at the time of their separation.
To Make Smith Dunn, an aunt,
WinSton-Salem, N. c., $4,000.
To Henry B. Poindexter, Winston
Salem, N. c., $4,000.
To John S. Graham, Winston
Salem, N. c., $4,000.
To Richard J. Reynolds, brother.
Mary Reynolds Ndabcock and Nancy
Reynolds Bagley one-third each Of
reSiduarV estate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
CELEBRATE OPENING
OF GEORGE ABE ROAD
Governor Leslie, Highway Officials
Guests of Famed Author.

Governor Harry G. Leslie, state
highway officials and Republican
candidates for office are attending
a celebration at Brook today of the
opening Of what is known in high
way circles as the George AIDE
road"
AIDE, noted Hoosier author and
playwright, is host for the gather
ing.
The pavement is fourteen miles
of eighteen foot slab called State
Road Is. 1t links Roads SO and Al,
through Brook, and passes by
Hazelden, AIDES country place, where
part of todays entertainment is to
be given.
The Brook Lions club is sponsor
ing the celebration.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08

Appointment of DR.. John M.
Whitehead as director and DR..
Lillian B. Mueller as assistant di-
rector of the department Of
anesthesia at the Methodist hos
pital was announced Friday fol-
lowing resignation of DR.. Marie
B. Kast as director.
DR.. Whitehead, assistant direc-
tor for the last twelve years, is a
graduate of Indiana university.
He served in the navy during the
world war and has had special
training in eastern medical insti-
tutions.
DR.. Mueller was the first anes-
thetist to serve at the Methodist
hospital, and was department di-
rector until 1920. She is a grad
uate of Indiana university and
served an interneship in the
Woman's hospital of Detroit,
Mich.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
NEON TRACES DEFECTS
Rare Gas Is Used to Test Christ
mas Tree Bulbs.
By Science Serrice


NEW YORK, Oct. 8.-Neon, the
rare gas that fills the reddish cleo
trio advertising tubes, now is used
to tell when a Christmas tree bulb
burns out. Eight 15-volt lamps are
burned in series on a Christmas
tree string; when one lamp burns
out all are extinguished.
An ordinary vacuum lamp when
burned out must be discovered by
trial, but when the lamps are filled
with Neon instead, the current
passing through makes this gas
glow with its characteristic red
when the filament is broken. Not
enough current is let through to
light the other lamps and the bulb
with faint reddish glow is the one
that must be replaced.
The same method can be applied
to any series circuit, as when no.
volt lamps are burning on 600
volt trolley line, the journal Elec-
tronics points out.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
NEWEST IN MEALS Is
BUTTON PUSHING JOB
Prague Restaurant Does Away With
Walters by Travelling Ribbon"

BIZ NEA Scrrico
PRAGUE, Oct 8.-There's no
waiting to be done in the newest
restaurant opened up in this city
All a diner does is push a button
and wait for his meal to come
around.
AS the diner enters the restaurant
he chooses his meal from menus
hanging on the wall. He gives his
order and receives a ticket with a
number on it. He then goes to the
seat bearing the number.
Down the center of a large table
runs a broad travelling band. His
first dish comes bobbing down this
band and he removes it, finishes the
dish, and. places the empty dishes
on a band underneath the table.
Then he presses a button and in
short order his second course is
brought to- him on the travelling
band.
The price of a three-course dinner
is about 20 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
FIVE ARE NAMED TO
40 AND g. CABINET
Nationally Known Legionnaires APP
pointed to Head Fun-HonOr.

A cabinet of five nationally
known Legionnaires to aid in the
administration of the Forty and
Eight, American Legion fun and
honor society, was announced to-
day by John A. Eden, new chef
de fer of the organization. Mem
bers of the cabinet are:
o. l.. Bodenhamer of Ell Dorado. Ark
former legion national commander: James
F. Barton of Indianapolis general man
ager OF the American Legion Monthly; Milt
D. Campbell of Cincinnati. o.. former vice
chairman OF the legion's national child
welfare committee: Dan w Sewers Of
New York, former director of the legion's
national Americanism commission and
Frank F. Miles of Des Moines. Ia, editor
OF the Iowa Legonnaire.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
Takes Solo Fliuht

A. J. Allen Jr., $40 Hampton
drive, took his first solo flight at
municipal airport Friday under di-
rection Of his instructor, Howard H.
Maxwell of the Central Aeronau-
teal Corporation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
OLD ORGAN TO MUSEUM

Century-Old Musical Instrument
Sent TO Henry Ford Institution.
BIZ United Press
LUDLOW, VT, Oct. Am old
pipe organ first used here more
than a century ago, has been sent
to Dearborn, Mich, to be placed IN
Henry Ford's museum of Ameri-
cana.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
VOTE COMMISSIONERS
NAMED BY LESLIE
Cause and Spencer Again Are Given
Two Year Terms.

Attorneys Fred c. Cause and Will
liam w. Spencer, indianapolis,
have been reappointed state election
commissioners it was announced to-
day by Governor Harry G. Leslie.
Cause is a Republican and Spencer
a Democrat. Terms are for two
years. The Governor is the third
member of the board, j. Otto Lee,
clerk of the state printing board,
is secretary.
Leslie also announced reappoint-
ment of Chesleigh Dolly Gray
1882 North Pennsylvania street, to
the state board for registration and
examination of engineers. Gray is
district manager of the American
Aggregates Corporation. Term is
for three years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
COPS WAKE SLEEPERS
Serve as Alarm Clocks for Those
Who Leave Calls.

HIGH POINT. N. c., Oct. g.
Among their many services to the
public, High Point police now are
doing alarm clock duty" Citizens
who do not have alarm clocks may
call the police station, leave their
telephone number and the hour at
which they wish to be awakened.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
MRS. IRENE BROWN
CLAIMED BY DEATH

Funeral Services to Be Held Today;
Born in Cicero, Ind.
Short illness resulted in the death
of Mrs. Irene Brown, SO, a resident
of indianapolis nearly all her life,
Friday in her home, 1888 North
Pennsylvania street.
Mrs. Brown was born in Cicero,
and came to indianapolis when she
was 2 years Old She was a member
Of the Third Church of Christ,
Scientist, the Violet Demaree Study
Club and the Women's Department
Club.
Funeral services we're to be held
2:30 today in the home, followed by
burial in Grown Hill cemetery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
CANNON DECLINES JOB
AS BANK PRESIDENT
Refuses Appointment to Leadership
of Home Loan Institution.

Fermor S. Cannon, president OF
the Railroadmen's Building and
Savings Association, Fridav declined
appointment as president of the
new federal home loan ban to be
established here.
He said that too much time was
required to handle his duties as
president of the Railroadmen's
association. He will continue as a
director of the home loan bank.
Selection of president probably
will be made next week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08

into t?" they said. Immediately they wrote to
inquire of their host.
Come ahead, and I'll get you guide" cabIed
Mr.. Gill.
Theirs is a shoestrng expedition they admitted
freely. They have the narrowest possible margin
of money. They don't expect TO draw many
lines the map, although they hope to bring out
interesting films and material to write about
They actually going several hundred miles
into unknown territory beyond roads, trails navi-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
INVENTION is FATAL
Device to 'RevOlutiOnize" Nerve
Treatments Kill Man.
BIZ Unitcd Press

BIZ JH1ffU TTe58
MASHALL, Ill, Oct. S.-Robert
Matthews, 26-year- old engineer, in
vented an electric device which he
predicted would revolutionize nerve
treatments.
1t consisted of a bed of electrically
charged copper wires. He placed
himself upon it for the first actual
test and turned on the electricity
1t electrocuted him.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
MAYOR DALE'S
BOND is CUT BY
APPEALS COURT
Reduced TO $4,000; State
Supreme Judges to Hear
Case on Oct. 18.

IN LHiff0 Prcgs
CHICAGO, oct. 3-The bond of
Mayor George r. Dale Of Muncie,
Ind. convicted Of violation Of the
prohibition law, was reduced from
$4,000 to $1,000 today by the cir
cult court Of appeals.
Dale had asked the reduction.
Sureties on his bond were changed
with the approval Of the court.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
BROKE TEETH IN SPITE
Los Angeles Husband Chooses Pc
culiar Way to Anger Wife.
BIZ United Pre-.

culiar Way to Anger Wife.
By United Press
LOS ANGELES, Oct. 8-Her
husband was guilty Of numerous
misdeeds during their nine years OF
married life, Mrs. Everose G. Lloyd
complained in divorce proceedings
here.
The climax came when he broke
all his teeth. Flying into a rage in
front of her he jerked out the set Of
false teeth she had bought him
for $3.50, out of his mouth, dashed
them to the floor and stood tooth
less in front Of her, the wife COM
planned.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
FIVE JOCKEYS INJURED
Two Hurt Seriously in Spills in
Steeplechase Event.

Steeplechase Event.
By Times Special
BALTIMO ORE, oct. 8-Five
jockeys were recovering today from
injuries received in the second race
at Laurel race track Friday, a
steeplechase event over fourteen
jumps
Earl Christian and Paul Shuler
were in a local hospital, the former
with broken thigh bone and the
latter an abdomen injury. Eddie
Ball, Paul Yingling and Alfred Scott
were hurt slightly.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-10-08
DIZZY; FALLS IN RIVER
Legless Man Unhurt in 90-FoOt
Tumble from Bridge.
BIZ United Press

q CNtttd FFCSS
PORTLAND. Ore, Oct. 8.-Vic-
tor w. Marsden, So and legless,
climbed onto the railing Of the Ross
Island bridge here and fell ninety
feet into the Willamette River
when he became dizzy watching the
water. The harbor patrol fished
him out, not seriously hurt.
Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1932-12-01
A A1WQr1d-. ~
l lGHGDgi0uS3|
||&sl;,:2cSN SNe..!!!4L!!S!'|.. {. \! s

The Interdenominational confer
ence on the City and the Church in
the Present Crisis, will be held in
Chicago Nov 29-Dec. 2.
The federation of woman's boards
of foreign missions of North Amer
lea, the National Council Of Fed
Grated Church women and the
Council of Women for Home Mis-
sions, have designated March 8,
1888, as the World Day of Prayer.
In a recent poll of almost $4,000
undergraduates in American col
leges, 62% of the voters desired
that the United States begin dis
armament Independently, while 3O%
favored total disarmament on
agreement with other nations. OF
the students voting, 74% favored
American participation in the World
Court; $3.50 recommended adher-
ence to the League of Nations, and
$40 were opposed to compulsory
military training.
The most lavishly illustrated
Greek New Testament known to
exist. and one of the most important
manuscripts ever brought to Amer
lea, was purchased by the late Mrs.
Edith Rockefeller Mccormick, for
her private collection, and loaned
to the New Testament department
of the University of Chicago, for
critical study and publication. The
manuscript was written in the
thirteenth century and was at one
time owned by Michael Paleologus,
emperor of the last Byzantine dy-
nasty.