davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
STEADY SALES
FORCE WHEAT !
PRICES LOWER
All Futures Close at Lows
OF Day: Trade Is
Dull.
BY HAROLD T.. RAINVILLE
United Press stan Correspondent


CHICAGO. Aug 4-Trading was
dull on the Board OF Trade today
after wheat suffered z sharp morn
ing set back. Weakness 10 north
western markets and in stocks was
a factor The decline was resumed
at the close.
Weakness in wheat dominated the
other pits and all grains lost ground
in slow trading eportS that infia-
ton plans we're being delayed
chilled bullish enthusiasm.
AT the close wheat was g., TO g..
cents lower. corn ., 10 D cents
lower. oats l. to 2is cents lover.
rye 81 to a. cents lower and bar
ley y to Is cents lower. Provisions
also were weak.
A sharp decline of around cents
at Winnipeg was a factor in the
early eaSineSs. The Canadian mar
ket was disappointed by the action
at Liverpool the latter closing u
10 i, cent lower Cash prices
were to , cents lower. Receipts
were rs cars
Corn sold of l.. 10 Is cents
early and showed little rallying
power Cash circles were inactive.
only 1000 bushels were booked and
5000 bushels sold The weather
was favorable. Cash prices were
unchanged 10 T. cent lower. Re-
ceipts were 38 cars.
Oats declined = to p. cent early
with the other grains but trading
was extremely dull. Rye was D. to
D cents lower at mid morning.
Cash sales of oats we're 5000
bushels with prices unchanged and
IS cars received.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
The Civ
in Brief
SATURDAY EVENTS

SATURDAY EVENTS
Alliance Franchise. luncheon, wash
ington.
Sigma Alpha Epsilon. luncheon. Co
lumbia Club.
Gideons, meeting. Washington, : y. m.
Marion County GladioIus Society.
show, Washington.
Sixteen Indianapolis Times carrier
boys in Columbus, Ind. we're guests
of superintendent Frank johnson of
the Indiana Boys school on a visit
10 the school this week. The trip
was given as reward for winning
a circulation contest.
Ed Brown. 81. was in city hospital
today, suffering from a probable
fractured jaw. and Ed Ball. Negro.
address unknown, was held by DO
lice, accused of smuggling Brown.
Mrs. Nancy Cook. proprietor of a
lunch room at 410l East Washing
ton street, notified police today that
a woman. accompanied by small
boy, worked the short change"
racket on her today. obtaining 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
BY ELMER c. WALLER
United Press Financial Editor

NEW YORK, Aug. 4.-Trading
came to an abrupt halt on the Stock
Exchange today when brokers were
driven off the floor by fumes from
tear gas bombs The Exchange or
dered dealings TO cease for the day
shortly after noon.
Up TO that time, trading had been
the lightest of any session since the
assumptions Of operations following
the bank holiday shutdown. Prices
declined after an irregularly lower
opening. but around noon had rail-
lied from the lows.
Trading continued on the Curb
and Chicago Exchanges but they
were on sharply reduced scale for
the big board sets the pace for
these markets.
Closing Prices Lower
Closing prices-last prices If the
session-were lower. Steel closed at
5lia, off /; American Can, 84i2, up
/: American Telephone. 123;s. off
=: Bethlehem Steel, 38ss, of /;
Commercial Solvents. 3l7s, off Is,
and Consolidated Gas. 5li2. off 2.
Sales to noon totaled only 100000
shares, or at a rate of l250.000
shares for a full session. The leth-
argy continued after that until the
bursting of the ammonia pipe.
which sent the brokers scurryrng to-
ward exits. A temporary closing
was ordered at first. but later. Ash
bel Green. secretary. issued the fol-
lowing statement which was carried
on the tickers:
"Notice-The exchange will be
closed for the balance of the day"
Bond List Irregular
Confusion prevailed in the brok-
erage Offices where stats were
sharply reduced because of the
lunch hour A scramble was made
TO recall the workers 10 get out the
days statements and stand by for
orders from various parts of the
country. Newspaper Offices also
caught with men at lunch recalled
their workers to get out the final
lists.
The bond section of the Exchange
closed also since it is directly con-
nected with the stock floor and its
traders also were forced to leave.
Up TO the time of closing the bond
market had been irregular and
quiet.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Produce Markets

Delivered in Indianapolis prices: Hens,
heavy breeds over 4i7 lbs. i0c: Leghorns
&c. Broilers: Colored springers Ia lbs
up. lie. springers ,Leghorni 1is lbs up
&c, barebacks &c: cocks and stays, SC:
Leghorn cocks and Leghorn stays. SC.
DUCKS. large white. full Ieatnered and fat
over lbs. &C: small and colored. Sc
Geese, fun feathered and .s:. &c. Young
gulneas. zoe: old guineas. i5c. Eggs-No. i
ireSn country run eggs lie Each fun egg
case must weigh SIS los. gross: a deduction
OF lOc per ID. for each ID. under SIS lbs
gross VIII be made. Butter--No. l. 25d csc:
no. z. 23H 24c. Butterfat-l6c. Quoted BY
the Wadley COMPANY.
BY UNITED PRESS
CHICAGO Aug. Eggs Market
Steadv' prices. unchanged: receipts. 1881
cases extra frsts. i2isGl3i.c: frsts. IL
q I2'4c' current receipts. 10isMllisc:
critics. &c. Butter - Market weak:
prices. unchanged TO lie lower: receipts,
4Oo tubs; specials. 81 n 22c: extras
&c extra frsts. 49,, n 20c. firstS. lace
1876; seconds. i7ml7isc: standards 1877 &c
Foultry- Market. easy: receipts. 81 trucks:
fowls. 9'2I lie; leghorn broilers. lOi &c:
leghorns. &c. ducks IA l0c: geese 7c
turkeys. l0T lie: ROSTERS &c. broilers. II
a l5c. Cheese-Twins. 49, aI3i7c: long
horns. 1872, q lac. Potatoes-On track. 90:
arrivals. 20. shipments. 26l: market.
steady Kansas and Missouri sacked cob
blers. 50 IS n 9S. New JERSEY sacked cob
olers. S3d $40: Washington sacked cobblers
$3.50 10: Idaho sacked bliss triumphs.
s3m $40. Kentucky sacked cobblers. s3d
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04

are pIOleSSiOldlly responsible IOf
the vast business of trading in Sc
curities. Compared with the mani
fest evils and dangers of national
gambling in securities, the reforms
initiated by the governors Of the
Stock Exchange during the last
three years can only be described
as pitiably inadequate.
So sluggish were they to move
that it had begun to appear that
they would not institute real re-
forms except by compulsion from
theoutSide Men whose every in
stinct is to prefer self-regulation to
new laws came to feel that the
Stock Exchange and the brokerage
business would probably have to be
treated TO legislation as drastic as
that with which the federal securi-
ties act surrounds the underwriting
and promotion of new issues.
TINE crack-up in the middle of
u July seems to have brought
home TO the governors of the Stock
Exchange realization that they
must beStir themselves. AT any
rate, they have at last come for
ward with some reforms which have
some point and some edge. They
have made up their minds to reg
ulate the building up of weak and
dangerous margin accounts.
They are proceeding to deprive
the management of pools of the i'm
munity of secrecy. and they ,ecog-
nize that they must begin TO do
something to deflate the high pres
sure craftsmanship by which the
public is lured into the stock market.
This is excellent. Quite apart
from the question as to whether
these reforms are adequate, it is eX"
cellent because it dignifies a rad
ically new conception of the duty
Of the Stock Exchange The or
thodox theory has always been that
the Stock Exchange is merely a
market place, and that the broker
age houses merely are agents
through whom orders to buy and sell
are executed. This. for example, is
the tenor of Richard Whitney's tes-
timony before the senate banking
and currency committee in the
spring of 1882. When he was asked
about the part played by the ex-
change in the bull speculation OF
1929, the testimony ran as follows
Q-Led by the New York Stock
Exchange?
Al deny that. sir.
CIT does not lead anything?
Att is a market place.
On this theory the duties of the
officers of the exchange would be
confined to providing an orderly and
honest market. But the indubitable
truth is that the Stock Exchange
is more than a market place.
1t is a guild of brokerage houses
which, in times of public participa-
ton, are for all practical purposes in
vestment or speculative advisers TO
the owners of securities. The re-
sponsibilities Of this relationship can
not be sloughed off 1t is a fidu-
ciary relationship, and, therefore.
it has become imperative that the
exchange, as a corporate body
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
indianapolis Cash Grain
Aug

aug. .
The bids for car lots OF grain at the call
OF the Indianapolis Board Of Trade. T. o.
D.. shipping point. basis Ala New York
rate. were.
whest-Firm No l red. s7d sso: No. 2
red. ssN a5c No. hard sra soc.
Corn-Steaoy: No. white. so Sic No.
white 4sp SOC: No Yellow, ga 4so:
No. mixed Asa 46c
oais-steadv: No. white. S4a Csc: No.
3 white 33N 34c
taking % &C or less rates to Cincinnati or
Louisville No. ] timothy. s6d6.5o:No. ?
Wheai-No. red. / car: No 2 red 2
cars: No. / hard. car: No hard.
cars NO, hard. / car Total. cars
Corn-No z white. | car. No white |
car: No. ! yellow cars. No yellow 1
cars No 3 yellow. ! car. Total. cars
Oats-No. 2 white. cars. No white
IS cars: No. white / car: Sample white
l car. Total. ~ cars
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Bright Spots
By United Press

By United Press
Bureau of railway economics re-
ports Glass l American railroads
earned net operating income of
s152 .903,2l2 in first half of 1923. an
increase of 383 per cent over COR
responding 1882 period.
Revere Copper and Brass, Inc.
advances brass and copper products
prices 4 cent pound.
American Wooden Company. Ar
ington mills and Pacific mills. all
of Lawrence, Mass. advance wages
10 per cent.
James Talcott. Inc, increases sal
aries per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
CHICAGO CASH GRAM


CHICAGO Aug. Cash grain close.
Wheat.No. 2 red. asi n or &C No red
90 n esi &C. No ! hard. 81 Il csc: No 2
yellow. hard. eTc: No. ! mixed. s7c No
2 mixed. asa 9s1.c: No. mixed. e5; n
see. Corn-No mixed. 50 &C No S
mixed. fIc. No. ! yellow sac No 2
yellow. 53G53i4c: No ; yellow. s2is n s3c.
No s yellow. 4sN isi,o. No h.te. soc
No white. sc. sample grade. 44- oats
gas. No. white. 37a3sa.c. No white.
sAH &c sample grade. 35G 35isc Rve-
No. 2. ~ &C. Barley-ssT ssc Timothy
81 25l so. CloYfr-sqH i25n
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Deaths

Kenneth NJ. Mole. 3o3. 54il Kenwood.
aRranulocvStosis
Walter Bartholomew. IS. city hospital
peritonitis.
Mayme L. Gresham. IS. Christian hos
p.tai. cerebral hemorrhage
Sadie RAWLINGS 81 Methodist hoxnstal
coronarv thrombosis
Clarence Hollingsvorth. S. Belmont and
Morris fractured skull
Ferdinand Vanhslanrer IS CITY hos
pitsl cerebral hemorrhare
Matte Hawkins. s.. 2oIs Cornell. cere-
hral hemcrrhacp
Flora Manning IS. CITY hospital. pneu-
moria
Ralph C Bvheld 81. 2443 North New
Jersey. acute caStritis
Ella Gallagher. II. 3sT South State. cere-
cral -poriexv
Harry Mocintv. 70. $40 East vermont.
arterio sclerosis
Henry King. ss. Ohio and Senate. lober
pneumonia.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
STOCK SHARES
EASE DOWN IN
LIGHT SESSION
Exchange Closes Early as
Gas Drives Traders
From Floor.
Average Stock Prices

Average Of thirty industrials Thursday
High s5se. oV % a last s4iO. of c74
acreage OF twenty rails ~ 0s as go ~ .
81 03 is5 Of 0s3 average OF fort,
binds 81 a. Of o 0s average Of ten FRS
rails. ~ IS. of DO average Of ten sec
ond rails IS a. OF OH. average Of ter
utilities 94sl Of OPS. average Of ter
industrlals $751; of COS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
w all Street
Advances to Banks on Preferred Stock by Govern
ment Should Prove important Spur to Trade
Times Special Financial Writer

The
the
the most effective
In all probability Of the larger Wall Street banks will be
They would
their
but they
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04

TOLEDO, Aug. 3-Cash grain close
No. red. seal No. ! red sin / 90 /,
premium. Corn-No yellow. 5si n soc
oats-No. ? white. 44d 45c Pye-No 2.
Whest-No. red. e3i zne4ic. No 2
red. Pa e3c. Corn-No yellow 54m 55c
No. yellow. 53I 54c Oats-No ? white.
i0M 43c; No. white. 3eM42c Toledo
seed close. Cloyer-Cash So so: Oct
So 75B. Alsike-Cash. ss75 Aug SOB
Butter-Fancy creamery Csc Egzs-Ex-
lras, l4Hl+'sc Hay-Timothy. per cwt..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
CHICAGO FRUIT MARKET

CHICAGO Aug. 2.-Fruit and vegetable
quotations. Apples Michigan Duchess
bushel. 60cM 81 Is, Transparents. 50cdsl
Cherries-Michigan sour. 81 .l0d ! 40 Blue
Michigan SCARS. Blackberries
Michigan. 81 25di.7s Currents-Michi-
gan. 81 25. canteloupes-In Indiana. so
"a ioc; mats: 500 SOC: Illinois fats, 40d soc.
Michigan. 50cn 81 Is. CarrotS-Illinois u,
az &C. Lettuce-Westerns s275d35O
spinach = Illinois. si.25. Cucumbers-
i!lnois 25N I5c Beans-Ilinois and
q ISc, Corn-Illinois. 50d 75c Tomatoes
illinois. Soc 81; Michigan 75c q 81 IS
Peaches-ulinois si.50d2 Indiana 81 So
2 lI5. Raspberries-Mchigan 81 5Od IS
Eggplant-Illinois. siMi25 Peppers
Iilinois. 81. Beets-Illnois. lisd2isc.
RadlShes Illinois isalc Cabbage
Ilinols, 81 75d2.75: Michigan. 50 so
lery-MichigaE. 4Ocdsi onion Market
-California Yellows. bushel siGiI5:
wniteswhites bushel. 81 s0Gl75. Illinois
bushel s0d oOc ''41OH
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
ST LOUIS CASH GRAIN


ST LOUIS Aug. Cash yrain ,,o..
Whest-In good demand: ii.1sc higher
No. red, 97iza osi &C. No ; red ssT &c
No. red: sarl!cky. SPA 9sisc: No led,
e5i &C: No hard. CSC. No. mixed esSse:
No mixed. CSC; No 5 mixed Goa 93c
CONN good demand. unchanged sam
yellow. 52I 52i7c. No yeliog. Site, No
! white. 55c. No. ? white 5sc. no. 3 white.
SIC Osts-In good demand. unchanged
white. ISL d 3si &C. No white 3zi,c. No
! mixed. 81 &C. No. mixed $50 7Tr
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04

out 50 we'll Ihey cannot earn reasonable return,
therefore, on the funds they have so they are I'M
likely 20 desire more.
But there many other banks in the country
which undoubtedly will be rcsdy and eager TO accept
the government aid They would stand 70 risk very
little and 10 make great deal If they could get
money at Z per cent for instance from the govern
and loan 1t out per most Of them
could increase their earnings 10 stockholders
tremendously And the fact that borrowers could get
funds at these institutions if loans denied at
their regular banks would tend TO make the latter
loosen up for fear Of losing customers
Would Help Smaller Borrowers
It may be claimed. of course that industry is not
in the market for loans but that is true only of the
stronger companies The second string concerns
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04

or me other kinds OF collateral being demanded backing for
loans could
toward hese that the directing
To advance ndscrmnaey
collateral
1t would tend the
men is careful with advances
loans everything should satisfactorily
The Oil
rather
this oil
platform General Hugh Johnson NRA director
the well
ment thinks a code should be prepared.
The shining lights industry in Washington
possible. c. Taylor head of the
Steel Corporation and Eugene Grace president the
directly behind Robert Lamont
leading the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
INDIANA STOCKS
AND BONDS

The following quotations do not rep
resent actual bids or offerings. but merely
inoicate the approximate market level
based On ouyinS and selling inquiries or
recent transactions
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Today and Tomorrow
Nations Stock Speculative Tendency Continues De-
spite Crashes of Bull Markets.
By WALTER LIPPMANN

IN the cracked middle
that almost nothing
which cracked speculative appetite
nmpad The efficiency the Stock Exchange
nchasened We had the pools the tips the high
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Daily Price Index
1880 1882 Average iO0l

IT = WTTfI T TfN3
NEW YORK Aug 3-Dun a. Brad
streets daily weighted price index OF 80
naSlc commodities, compiled for the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
INDIANAPOLIS WAGON WHEAT
TOLEDO CASKS GRAIN

CITY grain elevators are paving IS cents
Tor No soft red wheat. Otner grades
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Foreign Exchange

BY Abbott. Hoppin S Co.
Aug. )
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
Bank CIearingS
INDIANAPOLIS STATEMENT
TREASURY STATEMENT
Chicago Stocks
By Abbott. Eoppin 81 Co.

AUX. j
Total Sales 56. 900
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-04
New York Curb
BY Abbott. Hoppin & Co.
New York Bank Stocks

BY Abbott. Hoppin & Co.
= Aug. a
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-08-09
BISMARCK GR0CERS
ADOPT LOCAL CODE
Put Clerks on 46-Hour Week
and Adopt Uniform Sched-
uIe Of Operation

Bismarck grocers have decided to
re-arrange their hours Of operation
and have decided on other details OF
ordinary practice to conform with the
presidents recovery code, 1t was an
nounced Wednesday.
At q meeting Monday night the
grocers and food merchants adopted
the 48-hour week for all employees and
expressed their support Of the nation
al recovery code.
All grocers decided to open their
stores at 8 a. M, and downtown mer-
chants will close at p. m, every day
except Saturday, when they will close
at $50 p. m.
Operators of neighborhood stores
decided to meet later and determine
their hours for closing.
The hours decided upon by the
downtown men are strictly in keep
ing with the recommendations OF
General Hugh Johnson, recovery ad-
ministretor, who has suggested IS
hours for retail merchants. The local
code provides for IS hours.
Merchants pointed out that. with
most persons working only short
week this would give them ample
time to do their shopping.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-08-09
Recovery Survey Is
Planned by Committee

A survey Of Bismarck to make GER
tain that local businessmen have sign
ed the unemployment agreement and
are living up to its terms will be ar
ranged in the near future by COM
mittee named Tuesday at a meeting
of the special national recovery COM
mittee appointed by the association of
commerce.
Members of the committee to ar
range the set-up for the survey are
A. p. Lenhart, r. A. Middaugh and
Obert A. Olson. This trio will appoint
four other local persons to assist in
arrangements.
Another committee to arrange for
publicity, education and speakers in
connection with President Roosevelt's
recovery drive was named Tuesday.
In this group are Supreme Court JUS
tice A. G. Burr, Mrs. G. w. Moses and
Adjutant Herbert Smith of the Saliva
ton Army.
Mrs. Fred Conklin was named vice
chairman Of the recovery committee
]. e. Davis was elected chairman last
week.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-08-09
Repeal Convention
Asked in Petition

Fargo, N. D., Aug. 9.-(R}-Petitions
were circulating In Fargo and placed
in the mails today for many points IN
the state calling for election Of dele
gates to a state convention to vote on
the national prohibition amendment
and calling for vote on repeal Of all
state liquor statutes except those for
bidding sale to minors or indians.
G. p. Stone Of Fargo, president OF
the association for ratification of the
21st amendment, in charge of the
drive for 10000 signatures, asks re-
turn of the petitions by Aug. IS. In q
letter accompanying them he reiter-
ates: Governor LANCER has advised
us he will call special election 30
days after filing of the petitions"
They are being mailed to the same
group that circulated the state con-
stitutional repeal petitions.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-08-09
YOUNGEST STATE IS
FIST TO VOTE FOR
REPEAL OF DRY LAW
Arizona Falls Into Line At Tues.
days Election BY Over
wheIming Majority

Phoenix, Ariz, Aug. 9.-(P-The
youngest state In the union is the
twenty-first to vote for prohibition
repeal.
Each of the IA counties endorsed
adoption of the repeal amendment to
the federal constitution by an even
more preponderant count of ballots
than they did in repeating all Of Ari-
zona's dry laws last November. The
state had been listed as a prohibition
stronghold almost since attainment OF
statehood in 1912.
An unofficial canvass of the vote
in Tuesdays special election showed
the wet ballots leading the drys by
more than three to one. Out of to-
tai of 444 precincts in the state. re-
turns from 327 gave:
For repeal, 34,754.
Against repeal, l0,240.
! The missing precincts contain few
votes.
Drys had conceded defeat before the
balloting started. They had failed tt
obtain enough signatures to initiate
petitions to place on the ballot candi'
dates for delegates to a state conven.
ton which will pass on the repeal
question. The negative vote was writ
ten in.
Drys have appealed to the state ST.
preme court to rule the election null
and void on the ground that the sys-
tenn used in passing on prop ,seo
amendment was unconstitutional.
The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-08-09
TOO LATE. AYERS
THOMPSON OF MOVE
TO HELP SCHOOLS.
instruction Head Says LANCER
Query on Special Election
Is Surprising
DOES NOT MEET CRISIS
Sales Tax Benefits Cannot Pos
sibIy Avert Anticipated
Pressure 49,.
DOES NOT MEET CRISIS

Arthur e. Thompson, state superin-
tendent Of public instruction, said
Tuesday night that Gov. William
hangers contemplated move to call q
special election for consideration of
the sales tax to keep the schools
open" comes too late to be of inme-
diate value.
my attention has just been called
to the fact that Gov. LANCER is seek
ing advice Of the school officers of
the state on the question Of a special
election to support the sales tax, now
subject to referendum, on the grounds
that Is per cent Of this tax will go to
the support Of the common schools"
Thompson said.
There has been no question In my
mind about the necessity of more rev.
enue being secured for elementary
schools. In fact my interest in pro-
noting the state equalization fund law
LII the last session Of the legislature
was based upon what I conceived to
lie q real crisis In education.
Il am, however, compelled to ex-
press surprise that this concern on
the part of the governor comes so late
as to be Of no immediate value in the
present crisis. The opening of schools
Is upon us next month and the sales
tax benefits cannot possibly be real
lied in time to relieve the present fl
LAS state superintendent Of public
instruction think I should at least
have been consulted on this question
THE morale of the schools is very
much better than it was at the begin
ming of the year. In fact, In the IS
counties where the department con-
tacted school officers meetings In
June and July, not once did any Of
ticer say they could not have schools
Every one was seeking ways and
means of economy, Encouragement
and doing the work Of two schools in
one. The situation is serious. But the
teachers are responding very WELL"