davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

tunity to buy securities below the
market price.
Men high in official and business
life were expected to be named in
this list
The following evidence also was
developed during the morning:
l. The Morgan firm threw mil
lions of dollars into the money
marts of New York in an effort to
relieve the situation caused by the
1929 stock market crash.
Partners Pay No Tax
2. Morgan partners paid about
$11,000,00 in income taxes for 1929,
but comparatively little or nothing
in the years since.
3. Morgan believes that federal or
state supervision of private bankers
is unnecessary, inferring that he
sees nothing wrong with the bank
ing situation as it developed prior 10
1929.
4. Clients of Morgan e. Co., with
millions deposited, made no requests
for statements Of condition or as
surances of sufficient financial
backing.
5. That evidence in the Pujo SEN
ate investigation of 1912 was the
only public statement regarding
Morgan affairs ever made until the
present inquiry.
Carefully Select Clients
6. That the Morgan clientele care
fully is selected, depositors being
turned away unless they bring
proper references.
7. The firms banking business is
greater than its business in mar
keting or handling securities.
The committee room again was
crowded, with a line of policemen
pushing back those who became too
belligerent in their efforts to attend
the capitals greatest show of re-
cent years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
SEEK GAG RULE
ON TAX BOOSTS
House Leaders Attempt to
Force Revival Measure
Over in Hurry.
BY WILLIAM F. KERRY
United Press Staff Cnrresnnndent

WASHINGTON, May 24.-The
house Democratic leadership today
obtained a special rule on the pend
ing business recovery-taxation bill
which virtually will force the cham
Der to accept heavy increases in in
come taxation on the little fellows"
with no opportunity for revision of
the rates on the so-called upper
brackes."
The rules committee reported a
special resolution for consideration
of the measure which would bar all
amendments from the floor. Debate
would be limited to six hours. The
bill will come before the chamber
of action Thursday
The strategy of the special rule
virtually forces the membership.
republicans and Democrats alike,
to vote for the bill as a whole. It
carries $3,3000O0,0O0 in public
works TO be financed by higher IN
come taEes on little incomes an
additional gasoline tax, and divi-
dend levy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

he said. Our hours have been so
cut up that we needed changes to
accomplish what we were at
tempting, but the change has
been made in the wrong way.
The dismissals came without
any consideration, like a thunder
clap. All instructors dismissed are
left without income, with one
week of instruction and one week
of exhibition work, before the
close Of school,"
Following the meeting Tuesday
morning, Madison left for New
York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

John w. Davis, former
Democratic presidential can
didate and counsel for Nor
gan, also was on the loan list,
it was revealed at the noon
recess.
About one-third of the loans still
are unpaid On some of them, in
Guiding the loan to Mitchell, who
now is on trial in New York on
charges of income tax frauds, COL
lateral has shrunk until it no longer
covers the Indebtedness.
Sought to Balk Collapse
The Mitchell loan originally was
for $1O,O00,0O0, but was reduced to
$6,000000. The amounts of the
other loans were not given, but it
was indicated they we're more than
100000 each
1t was testified by George Whit
ney, a Morgan partner, that the
money was poured out to Mitchell
in an effort to control the situa-
ton" caused by the sudden collapse
of stock market values in 1929.
Testimony that j. P. Morgan &
Co. has maintained since 1927 bank
deposits aggregating $17,000000
with commercial banks, and DreXel
& Co., the firms Philadelphia
branch, of $13,000,0O0 with other
commercial banks, was introduced
during the morning.
New Sensation Expected
Andrew w. Melons Pittsburgh
bank was on the DreXel list.
Another sensation, perhaps sur
passing that caused by Morgans
revelations that he paid no income
taxes during the last three years,
was promised for this afternoon.
Ferdinand Pecora, committee
counsel, planned to introduce list
of persons who were given oppor-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Tree Cheers
Pooh Says Ed Helm,
I've Tree Which
Sprouts From Chair.
TREE growing out of the

TIRE growing out of the
Il courthouse spire, indeed, we'll,
what's so hot about that?" snorted
Police Captain Ed Helm today, as
he dismissed the claims of Green's
burg, Ind, to fame for its much
publicized novelty
You think that's so much do
your demanded the captain
growing more heated, giving off a
couple of "poohs" and a very &C.
negative 'ha."
Why, I've got tree growing
out of chair in my yard" tri-
umphantly offered the captain.
At the Helm home at 915 North
Chester street is a chair made
from unfinished wood. Recent
rains have fertilized the wood so
that it has sprouts two to three
inches long which bear tiny leaves.
"Greensburg, indeed" is Captain
Helms dismissal of that Decatur
county seat.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
N. Y. Votes for Repeal

~ NitCd tfCSS
NEW YORK, May 24.-New
York's vote of disapproval of the
eighteenth amendment mounted
hourly today as an avalanche of
wet votes, cast in the states special
repeal election.
Definitely joined with the states
which already have ratified repeal
of the amendment. the belated re-
turns served only to swell the mar
gin of the New York wet victory
approximately II to l.
With slightly more than a thou
sand districts to be heard from, the
vote was: For repeal 1895, 052:
against repeal, 166,O96; of the states
1887 districts, 1858 had reported,
The late returns, in several in
stances upstate, increased the dry
vote, but not to great extent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
List of Sixty Men High in Industrial and
Public Life Revealed as Obtaining
Huge Sums After Market Crash.
Senate Probers Told How Leaders Whose
Names Were Good for Millions Rushed
for Aid to Great Banking House.
BY LYLE c. WILSON
United Press staff Correspondent

WASHINGTON, May 24.-The fnancerS' side of the
1929 stock market crash and other money crises of
years. when whose good for millions rushed
for aid to the great banking house of j. Morgan Co.,
presented today senate committee pried further
into secrets of the Morgan firm.
With P. Morgan testifyng for the second successive
day. the senate stock market investigating committee
public list Of more than sixty Manufacturing such
Charles c. Dawes Norman H. Davis Nyron Taylor Rich
ard Whitney and Charles E. Mchel-whO borrowed big
from the Morgan company.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

The bill will be taken up in the
house this week on the heels of rev.
citation that Mr.. Morgan and his
eighteen partners paid no income
tax the last two years.
Passage of the bill in the house
by this weekend apparently is as
sured under the proposed iron-clad
rule prohibiting all but committee
amendments.
Senator Connally Dem, Tex, a
member of the finance committee,
explained today that congress last
year endeavored to strengthen weak
portions Of the law. But under these
new circumstances, he will demand
further survey to find out how to
close the loopholes.
Study Revision of Law
Senator Couzens (Rep., Mich),
member of the banking committee
who heard Mr.. Morgan Tuesday,
and also member of the finance
committee, also will study revision
of the income tax.
1t is likely in this connection that
the provisions of existing law COW
ering taxation of capital gains and
losses, the section touching accumu
lation Of surplus to evade surtaxes,
and the section limiting allowances
for stock losses will be closely
scrutinized.
The law now provides that Gloss
es from sales or exchanges of stocks
and bonds which are not cap
ital assets shall be allowed only
to the extent of the gains from
such sales or exchanges. But deal
ers in securities, banks and trust
companies, as well as persons car
rying on a banking business, where
the receipt of deposits constitutes
major part of such business, are ex-
cepted from this provision. Whether
this exception should be removed, or
its terms made less broad, may be at
issue in congress soon.
At Issue for Years
In regard to taxes in cases Of
capital net gains and losses, the
question probably will be raised as
to whether the present 1872 per
cent levy in the case of gains. and
the 1912 per cent deduction in the
case Of losses. shall be changed. The
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

it, this time displaying it on Six
teenth street. A huge imitation
paddock adorl.s the main entrance
of the art school.
MattiSon Tuesday, in announc-
ing his new policies to students,
told of the dismissal of eight
teachers and also said the water
color painting course would be
discontinued. Included in the
policy revision is Inauguration of
a foundation of teacher training.
to be continued in another school
the last two, years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
NEW DRAFT OF
Consultative
TREATY DRAWN
World Powers Change Pact
to Conform With u. S.
Attitude.
SUBMITTED TO FARLEY
Measure Provides League
Shall Determine Guilt
in Disputes.
BY STEWART BROWN

GENEVA, May pa new draft
for a consultative pact in case war
threatens was submitted to the
world arms conference today by Sir
John Simon of Great Britain.
The draft is aimed at conforming
with the attitude of the United
States.
1t proposes that in the event of
breach, or threat of a breach. Of
the Kellogg pact, either the council,
the assembly, or non member of
the league may propose immediate
consultation between the council or
the assembly and any of said par
ties present at the convention"
Norman H. Davis announced the
United States will undertake to
withhold protection of it's own citi-
ems if they are engaged in activities
which would tend to defeat any &C
ton agreed upon by the consulting
powers regarding a breach of the
peace, provided the United States
concurred in the consultants' &C
tor.
1nree steps PROVIDED
Simon's draft declares that the
object Of the consultations shall be:
/. In the event of threatened
breach of the Kellogg pact, Ito ex-
change views for the purpose of
preserving peace and averting a
conflict"
2. In the event of a breach of the
pact, ito use its good offices for the
restoration of peace"
3. In the event it is impossible
thus to restore peace, then to de-
termine which party or parties to
the dispute are to be held respon-
sible."
Adopt Wheat Report
The draft concludes by stating
that the preceding articles do not
in any way prejudice the rights or
obligations of members of the
league, nor conflict with nor limit
the powers and duties of the as
sembly and the council under the
covenant"
The league council adopted re-
port of it's economics committee on
the recent wheat conversations con-
Quoted by the United States, Can
ada, Argentina and Australia. urg-
ing that recommendations adopted
should cease when the exceptional
circumstances that brought it about
disappear.
The recommendations of the
wheat conferees were to limit pro-
duction and, if necessary, exports;
to llquidate surplus stocks. and to
maintain a reasonable import mar
gin in European importing coun-
tries.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

C a m e into the
W or1d, Bill was
winning a race at
Brazil, Ind, to
help buy dainty
little things fer
the newcomer.
I've won nearly
every race I've
ever been in on a
thirteenth day of
the month";" says
Cummings. Just
the other day, I
c e l e brated Ear
lines birthday by
taking down the
first m oney at
@l
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Mooney Trial Will End
Swiftly, Is Prediction

He hoped to win an acquittal in
a hard-foughu prosecution case as
means Of clearing his name from
the stigma Of guilt applied by a
jury sixteen years ago.
But the state reiterated it did not
even intend to establish that a crime
had been committed.
William w. Murphy, assistant dis
trict attorney, taking the position
that he has dissolved the states
case, intimated he would ask The
court % advise" the jury, once it
is seated. to return verdict of
mot guilty"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
RECEIVER PROTESTS
GIVING MORE DETAILS
Curtis ROttger Fights to Prevent
Providing Information.

Curtis Rottger, former receiver of
the defunct City Trust Company.
today protested against giving addi-
tional information of his receiver
ship.
Recently, the Market and New
Jersey Realty Company and the
Puritan Hotel Company filed a pc
tition in circuit couyt, asking that
Rottger's final report be made more
explicit.
Today Thomas M. Bowling, at
torney for Rottger, filed demurrer
TO the petition, asserting no advan-
tage can be gained by furnishing
more information, that TO do so
would cucumber the record and
would be costly, further depicting
the assets Of the trust.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
TAX REDUCTION
PLEDGED WHEN
REPEAL COMES
Emergency LevieS Will Be
Abolished, Is Promise
of Roosevelt.
PLEASED BY N. Y. VOTE
President to Support Drive
Against Dry Law When
Congress AdiournS.
BY FREDERICK A. STORM
United Press staff Correspondent

WASHINGTON, May Palmer
gency taxes will be eliminated if the
eighteenth amendment is repealed,
President Roosevelt said today
This means, he explained, the au-
tomato abolition Of those levies now
in effect and contemplated, such as
the proposed $22OOO0,OOO program
for financing the huge public works
program.
The President believes that suf-
ficient revenues will accrue as the
result of repeal to enable the gov
eminent to accomplish this reduC-
ton in the tax schedule.
Pleased by Repeal Vote
Mr.. Roosevelt declined to discuss
the overwhelming vote for repeal in
New York state, except to remark
laughingly that My home district
went wet"
The entire resources of the Demo-
cratic party are being thrown into
the fight for repeal.
With full administration backing,
Postmaster General James j. Far
ley, national Democratic chairman,
declared he was sending instruc-
lions to every party leader to sup
port and speed up the repeal cam
paign Repeal was one of the para
mount issues of the party platform
Farley, cheered by the overwhelm-
Ing wet victory in New York state,
was hopeful that repeal would be a
reality before the close of 1888. New
York was the sixth state to vote rat
ification Of repeal Thirty-six rati-
fications are necessary.
Vigorous Campaign Planned
The Farley announcement is ex-
pected to be the forerunner of a
vigorous campaign to be launched
Immediately upon adjournment of
congress and one in which President
Roosevelt would participate.
Beer taxes are rolling in at a rate
said to be far in excess of the $125,-
100000 annually that was estimated
when the law was put into effect a
month ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

partment; Clifton Wheeler, teach
er of portrait painting; Burling
BoaZ, teacher of brush lettering
and show card work; Edward H.
Mayo, teacher of mechanical
drawing; Constance Forsyth,
teacher of drawing, and Dorothy
Eisenbach, teacher of illustration
and composition.
4 CCORDENG to Forsyth, the
N changes leave no art school.
1T means that the John Heron
art school is wiped OF the slate"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

certainly is my good luck charm"
Bill. who will drive Boyle Prod
UctS Special, the car in which he
set new one-lap two-man car rec
ord in the qualification trials last
Saturday, was born twenty-seven
years ago on Shepherd street in
West indianapolis.
II always had the speed bug"
relates the CHEEKY and handsome
speedster. Why, when I was driv-
Turn to Page Eleven
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Baby Girl, 2, Murdered;
BOdY Hurled Into SlUdn1p

inflicted a fatal wound, the slayer
beat the girl to death with a rock.
There was deep wound in the
back of the head in which rock
fragments were imbedded.
Mary Carolyn wandered away
from home Tuesday forenoon. The
body was found in the swamp a
half mile from her home in the late
afternoon. There was no water in
the child'S lungs.
The child was one of the five
children of Mr.. and Mrs. Arthur
James.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

DANGLINCI from a utility pole
~ at Sixteenth and PennSyl-
vania streets, a dummy labeled
Mat today signified the oppo-
sition of John Heron art school
students to their new director.
He is Donald NJ. Mattison, re-
Gently named director of the
school who Tuesday, fired several
instructors, changed the school
curriculum and then went to
New York.
The pupils first had the efigy
hanging from a tree near the
school. Under orders. they moved
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
BRITAIN'S SIGNER OF
WAR ARMISTICE DIES
Lord WemysS, Admiral of
Fleet, Taken at Villa.

By United Press
CANNES, France, May 24.-Lord
Wester Wemyss, admiral of the
fleet, one of the two allied signers
of the World war armistice aboard
Marshal Ferdinand Fochs private
train in Compeigne forest, died of
uremia today at his villa, Mon
brilliant.
Lord Wester Wemyss, represent
ing the British navy, and the late
Marshal Foch, as allied command
er-in-chief, were the only allied
signers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
NEW HEAT RECORD
IS SET; IS AT |
Years Mark Established by
Climbing Mercury.

Tuesdays heat record of IS de-
grees tumbled today, when the mer-
curry touched Sc at this afternoon,
a new high for the year.
The temperature at 9 this morn
ing surpassed Tuesdays reading of
70, by degrees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
ArmiStiCe Is Reported

bU NIItU PFtSS
TOXIC, May pa government
spokesman announced today that
Chinese and japanese military Of
ticials had agreed upon a prelimin-
airy armistice under which Japanese
troops would refrain from captur-
ing Peiping and Tientsin.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
STATE MINERS AND
PICKETS IN BATTLE
Several Men Reported Hurt
in SomerViIIe Clash.

By JHicd Press
PRINCETON, Ind, May 24..-Sev-
eral men were reported injured,
none seriously, today in fight be-
tween nonunion workers and pickets
at the Somerville Cooperative coal
mine.
Reports said the miners attacked
$50 pickets with clubs and fists.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
NAMED U. S. SENATOR

w. H. Thompson Appointed to
Succeed Late r. B. Howell.
By United Press
LINCOLN, Neb., May 24.-W. H.
Thompson of Grand Island today
was appointed United States senator
from Nebraska to succeed the late
R. B. Howell of Omaha, by Cover
nor Charles w. Bryan.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Hourly Temperatures
BIZ Lnited Press

By LHited Press
SAN FRANCISCO, May 24.-The
self-inposed trial of Tom Mooney,
former labor agitator, on charge
OF numbering one of ten victims in
the 1916 Preparedness day bombing,
today was forecast to reach a swift
end in directed verdict of ac-
quittal.
Indications at the opening ses-
sion Tuesday when seven women
and four men jurors tentatively
were seated, clearly pointed to
defeat in MONEYS battle to force
the state to vigorous prosecution
efforts.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Too Big Ne70
Pink Features

Two Of the worlds best
heavyweight pugilists will COL
hde on June 8, two weeks
hence. Fight fans are get
ting steamed up over the Max
Baer-Max Schmeling title bat
tie and to give them a line on
how the gladiators are shap-
ing up, The Times, in the
PinkS today, starts an inter
esting series on their training
activities.
Another special treat for
Pink readers today will be the
second article of a series on
Getting Ahead in Hollywood"
by Dan Thomas, who knows the
film capital from attic to base
ment.
And just to top it off, you
get another big installment of
Hell Below" thrilling serial of
submarine war and romance,
now nearing its finish.
Three big features in the
PinksI And there are more
to come. Watch for them.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
United Press

BIZ United Press
GARY. Ind, May PA post
mortem examination of the body of
Mary Carolyn James. 2-year-old
daughter of a steel worker, revealed
today that she had been murdered,
supposedly by a degenerate, and the
body thrown in swamp.
Deputy Coroner j. Robert Doty
said someone apparently had seized
the child, and struck her on the side
of the face with his fist.
Then, apparently fearful he had
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Morgan Quiz May Result in
Closing Income Tax Loopholes
BY MARSHALL M'NEIL
Times SDeciaI Writer

WASHINGTON May PA resurvey tax law
suit of the
up probably will be made by the
The vehicle the
U'O'''O''0'
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
It's for Earline, 5, That Wild Bill Cummings
Drives So Fast and True
BY NORMAN E. ISAACS
Times staff Writer

Indianapolis Speedway
driver who will hold the position when the field lines
5O0-mle May 80, has wish
then Indianapolis boy
town speeding motorcycle
sjIaighsaNayS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Today's Short Story

A five-roon furnished house
standing idle without any income
from it to defray taxes and upkeep
is a liability rather than an asset.
Mrs. H. B. Titus was faced with Just
such a situation. She chose a TWA
to assist in locating a desirable
tenant.
Calling RI. 1851, she inserted a
ten-word rental ad Monday. BY
Monday evening, ten Times read
ers had offered to rent the furnished
house. The cost for the following
one-day ad, which rented the house
within few hours, was only 27
cents.
TENTH. E, 2527-5-room modern: garage;
water paid: $3.50 week. CH-4314.
QUICK ACTION-For immediate
results at the lowest rate of any
Indianapolis newspaper, use TWA.
Only 3 cents 6 word. Call RI. 5551
or come to Want Ad Headquarters,
PA West MARYLAND street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
ISSUE THIRD CALL FOR
FOREST ARMY RECRUITS
No Marion County Men to be
Included i'll Group of I,1S6.

ia OAouP vi A'AOo'
Third call for recruits for the re-
forestation army was issued today
by the Governors commission on
unemployment relief.
Total men to be taken is 1885
They will be Drawn on quota from
Gary, South Bend Huntington. Ko-
komo, Richmond and Evansville. No
Marion county men will be in
tluded in this group.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24
Baby scaIded in Washing Tub

Baby Scalded in Washing Tub
Doris Jean Morris, 17-months-old
daughter of Mr.. and Mrs. Charles
Morris, 1719 West Morris street. was
scalded this afternoon when she put
her right leg into tub of hot water
her mother was using for washing.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

For May 10 is the birthday Of
Earline Ann Cummings, 5-year-old
daughter of the famous driver. And
on May 49, 1928, the day Earline
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-24

manner of computing losses prob
ably will be discussed, also.
The economic effect Of this CAPT
tai gains tax, the most complicated
OF all taxes ever imposed by the
federal government, has been at IS
sue for years, the contention is that
1t retardS the free flow of trade,
sale of land, etc.
1t was condemned in boom times
by the National City bank, and
President Hoover once recommended
study Of the tax's effect, saying
it enhanced speculative speculation.