davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
$4,000 SIGN REPEAL
PETITIONS IN COUNTY
Noon Is DeadIine for Filing
of Delegate States.

More than $4,000 signatures will
be attached to repeal petitions to
be filed today with County Clerk
Glenn B. Ralston in the interest
of wet candidates to the state con-
vention on repection or retention
of the Eighteenth amendment.
Dry leaders would make no esti-
mate on the number of signatures
which will accompany their dele
gate slate. Today non is the dead
line for the filing f petitions by
both vets and drys, in very county
in the state
First section of the wet petitions,
with 1882 names, was filed Friday.
The remainder, being bound this
morning, will be filed today with
additional names.
The special election will be held
June 6 and the convention for rati-
fication of the vote on June 26.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
But Can11y Stock Trader Also Can Play the Bull Side

There's as much gold as was ever
taken out, he believes, and to in
crease the supply would cure the
money shortage.
Ben Smith knows how to lose
money. He was bull in October,
1929. He was a bear in 1928. He
paid for both mistakes.
II Ado was the stock he mis-
N Judged in 1928. He rode up
ward with its skyrocketing until 200,
and then, dizzy at the height, began
selling. He was murdered, as the
Street figures it, and scrambled on
to the bard wagon again.
Three or four times prematurely
he dumped his Radio, sold short,
was all but exterminated, and came
back on the bull side. After he first
decided it was too high the Radio
pool put the stock up an additional
$50 points.
And then Radio tilted downward
on its long jolt toward 81 share.
Ben Smith grinned and sold faster
than ever to make up past errors.
He sold, he once admitted, plenty"
Even before it slipped to the 500
mark he had sold thousands of
shares.
There is a story about his sturdy
bearishness on the common stock OF
the j. 1. Case Co., manufacturers of
threshing machines and agricultural
implements.
In a few days it dropped from a
high of 500 to around 200, and Ben
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
Public Counselor Helps
S. Bend in Rate Battle
Immediate Slash Sought on
Gas Tariff Before
Commission.

First steps in behalf of the rate
payer by the new public counselor,
under the revamped public service
commission law, were taken this
week in the South Bend gas rate
reduction case.
Going step farther than the city
petitioners at South Bend, Herbert
P. Kenney, assistant to Sherman
Minton, public counselor, filed a
petition asking immediate rate re-
duction under the provision for
emergency relief contained in the
utility law.
The petition was presented to all
commissioners assembled at hear
ing at South Bend.
1t is the first of its kind in the
states history.
Accompanying the petition was an
affidavit of public service commits
sion engineers and accountants set
ting the tentative value of North
ern Indiana Public Service Com
pany, for use in gas production at
South Bend. at $3,116,748.
The petition then pointed out that
the company, at the present rates,
is earning a 10 per cent return on
So 500 900.
1t asked that the rates be re-
duced and then final preparation
made for hearings on a permanent
rate.
The Marion electric case was cited,
wherein the federal court held that
the emergency relief is permissible
Kenney also cited the Wisconsin
emergency telephone rate reduction
case, in which depression conditions
were eXpounded to show that relief
should be immediate.
South Bends plight particularly
was dealt with, the petitioner point
ing out the numerous bank clos
ings there, number of persons re-
ceiving poor relief, and the many
who have had to dispense with
utility service because of impossi-
bility of meeting bills.
The South Bend city administra-
ton had prepared evidence in the
rate case and wa permitted TO
introduce it. The city asked a
valuation $50. GOO less than the COM
mission engineers.
Beginning Monday, arguments are
scheduled and the company evi-
dence will be introduced.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
MAN ACQUITTED AS
SLAYER HELD AGAIN
Patrick Dugan Is Charged With
Striking Relative With AK.

Patrick Dugan, So, of 1928 Blaine
avenue, acquitted after three trials
on charge of numbering his wife.
was arrested Friday night accused
of assault and battery with intent
to kill.
1t is alleged that Dugan struck his
son-in-law, Frank Norris. 40 of
haywood with an av during a
family quarrel Norris eaid he in
terfered while Dugan and Mrs. Nor
ris were quarreling The man and
his wife were arrested on vagrancy
charge. Norris incurred a cut on
the head, but was not hurt seriously.
Mrs. Ollie Dugan was slain Aug.
81, 1914. She was shot in the fore
head. Her husband shot himself
in suicide attempt. Following his
recovery. he was tried three times
for murder. the last trial resulting
in acquittal on Feb. %, 1916.
His defense was that the shooting
was accidental.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
OUSTINC OF z
LEGION POSTS
ENDS SESSIONS
Executive Group Closes Its
TWo-Day Farley at
Headquarters.

With revocation of the charters
of two insurgent posts and the out
lining of principles to guide the
American Legion in legislative pol
icies, the national executive COM
mittee of the legion concluded a
two-day meeting Friday afternoon.
Willard Straight post of New
York City and Anthony Wayne post
of Wayne, Pa, we're the posts whose
charters were revoked.
Although no official reason for
their explosions were Forthcoming
at legion headquarters here, it was
understood the revocation was be-
cause of their activities in de-
nouncing the legion'S program for
veteran legislation.
Program Is Approved
Louis Johnson, national COM
mander, outlined a program of flu
ture legislative policies that were
approved quickly.
Perpetuation of service con-
nectiOnS for all veterans, rectifica-
ton of money payments to veterans
sufferings from service incurred
disabilities and a liberalization of
present restrictive burial provis-
sions,' were among the policies out
lined.
A resolution was adopted calling
upon the Legion to use it's inf1u-
ence to persuade the United States
senate to provide 100000 to con-
tinue regional office work of the
veterans administration.
Owen New Historian
Other matters taken up at the
were:
Approval in principle of the de-
NAL of citizenship to certain aliens
who refuse to bear arms in defense
Of the country.
Support of the principle of the
universal draft and efforts to have
the measure made a law.
Endorsement of the Buy Amer
Ican" movement.
Thomas M. Owen of Montgomery.
Ala, was elected national historian
to succeed the late Even w. Put
nam OF Massachusetts.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06

called up by telephone and bought
another 100000 shares at $3.50. From
London he bought 100000 more at
$2.7O. 1t wasn't listed stock IN
those days.
Now it is on the Curb, current at
around ST, and he still has most OF
his original buy. Another OF ms
gold stocks, Home Stake, spanned
nearly 100 points on an upsWlng
during the last year, touching 2O5
last week.
Metallic gold to him, as to many
Wall Street men, has a magnetic
fascination. Floyd B. Odlum, of the
Atlas Corporation, has used $2O9
worth of small change, a gold brick
the size of a small telephone pad,
as a paper weight.
Ben Smith usually has a gold
piece on his person. Currently ne
has been carrying two little rectan-
gular briquettes, together no larger
than a watch, as samples of Pioneer.
So interested is he in gold, he has
worked out a gold plan to cure the
depression. In a corner of his Of
five stand a dozen large paper rolls
maps. He would like the govern
ment to put an army Of the unem-
ployed prospecting in the southwest.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06

Smith was on the short side. Then
it recovered and gained back to
about 800. He was caught again.
Il
TOWERING at that price was
~ suicidal. Should he take his
licking? He got into an airplane
and, had himself flown out to the
corn belt. He talked to farmers,
bankers and storekeepers, looking
for any one with money who could
buy new farm implements or to pay
up old debts.
He knew at first-hand now about
the immediate future of Case, not
as a stock, but as an industry.
Quickly and confidently he be-
gan selling again. And Case stock
in time tumbled off another 200
points. 1t went to 1914 last year.
This first-hand pursuit of facts is
characteristic of him. He has in
unusual degree the quality of look
ing squarely at the facts, preferably
grinning at them, whatever they
may be.
He is a realist, regardless'of warm
personal sentiments, in the midst OF
a crew of romantics.
Next: E. L. Cord and the Avia-
ton Corporation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
RETAILERS TO
HOLD MEETING
ON SALES TAX
Organization Is Perfected:
Hope to Enroll Many
in Fight on Law.

Meeting to discuss the effect on
retail interests of the new gross in
come and sales tax law will be held
at Tuesday night at 5436 East
Washington street by the Irvington
Commercial and Welfare Associa-
ton
TWenty-SlX representatives OF local
bushes SgroupS have been named on
the Marion county executive COM
mittee of Associated Retailers of
Indiana, new statewide group to
protect interests of retailers.
Officials of the organization are
S. B. Walker, William H. Block
Company controller. Marion county
chairman; Reginald Garstang. In
dianapoliS jewelers. Guild president,
vice-chairman, and James r. Bran
son, Secretary-treaSurer and organ
izatiOn manager. All three will
speak at the Irvington meeting
Tuesday.
The state organization was
formed at Fit. Wayne last month,
with G.. Fred Wiedman, South
Bend. as chairman.
A statement issued by the coun-
ty group asserts that the fruitless
effort of Indiana retailers to pre-
vent imposition of the sales tax
called attention to need for such
organization.
There are approximately 10000
retailers in the state and these,
with their employees, have q voting
strength of 100000 to $4,000, it
was pointed out.
The local group will seek to en-
roll all the 5000 Marion county re-
tailers. Memberships for retailers
will cost from 81 to $40 a year.
with employees eligible for a fee of
10 cents Headquarters for the
county are at GLIB State Life
building.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06

senate committee wanted to know
ITO make livelihood" He leaves
more devious men to pose as cap
tains of industry.
Gold has been an enthusiasm of
his for years, and when the gold
embargo, the issue of the gold stand
ard and imitation became of world
wide consequence his gold stocks
zoomed. Gold is the real depression
baby.
mo, it wasn't foresight exactly that
called the turn on all this present
Importance of gold" he said. But
always gold has had fascination
for me. AS kid I wanted to know
how money came about and what
gave it value"
He bought some Alaska Juneau
gold stock in 1927. Two years ago
he went by airplane to have a first
hand look at the mine. He had
bought in at $3.50 a share, bought
more at 81, again at $40, and it had
gone up to $40. He still holds a lot
of it.
On his way home he stopped at
remote village in British Columbia
to look at another gold mine, the
Pioneer Discovered thirty-five years
before, its inconvenient location held
back development.
you fellows aren't making any
move to unload your stock on me, :"
he remarked after waiting around
expectantly for several days. 81 like
this property, and if you want to sell
I'll take anything up to half a
million shares. Just name your
price.
y
NTHEN he got to Seattle the
w owners sent him word he
might have $4,000 Shares. GO to
hell" he said, and went to San
Francisco. There he got an offer Of
$4,000 shares. He went on to Chi
cago. Another offer went on to
Chicago. Another offer of 100000
shares, and he accepted at 1925.
From New York a little later he
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
FARMERS TO PAY TAX
Levy Will Be Collected on Fuel for
Pleasure Cars.

Farmers who have been using
tax-free gasoline for pleasure rides
in their autos will be checked and
made to pay. it was announced to-
day by Floyd E. Williamson, state
auditor.
Williamson has put Lyle Free
hafer in charge of the twenty-seven
oil inspectors, who also are to check
gasoline refunds.
Farmers are permitted a tax re-
fund on gasoline used in tractors
and other farm implements. Many
are said to use the same refunded
gas in their cars, which is not per-
mitted under the law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
DERBY TRACK
WILL Be SLOW
Field of 19 Is Scheduled to
Start in Classic at
Louisville.
Continued From Page One)

age
Brothers At Top, is doubtful
starter.
The big rush of visitors began Fri
day morning. Planes swooped over
Louisville, long special trains puffed
into stations, BUSES and private cars
damned roads, and packet boats
swung into docks with gay throngs.
The climax came Friday and
early today. Downtown streets were
packed from sidewalk to sidewalk
most of the night. Beer flowed free
ly, and the effects of Kentucky's
well-known stronger beverage we're
in evidence, although to a lesser de-
gree than in former years.
Hotels, of course, have been re-
served fully for many days, but
with the big rush of visitors prices
skyrocketed. 1t was noticeable that
many sought cheaper places for
their meals. TaXis have reduced
prices to the Downs, and the trek
to the historic track began shortly
after dawn today.
James A. Farley, postmaster gen.
eral, appeared to he the most dis
tinguiShed visitor He was in con-
slant demand for luncheons, din
nerS and speeches. Joe E. Brown,
wide-mouthed movie comedian,
spent most of his time donating
autographs, which were being ped
died on the streets by youngsters.
Governor Ruby Laffoon of Ken
lucky headed a group of six chief
executives from other states
Governors White Of Ohio, McNutt
of Indiana, McAllister of Tennessee,
Horner of Illinois, Park of Missouri
and Kump of West Virginia.
Roster of names on hotel regis
tiers included distinguished officials
from Washington, society matronS
from the east, radio stars, football
coaches, mayors and senators.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
GARBAGE COLLECTIONS
ON SUMMER SCHEDULE
Twice Week Service Ordered,
Starting Monday.

Beginning Monday, ash and garb-
age collections will be on summer
schedule, it was announced today by
the city sanitary board.
Ashes will be collected each two
weeks instead of weekly, but on the
same days as now. The work will
be started at a. m, instead of
7:30.
Garbage collections will be made
twice weekly instead of once. In
districts where collections are made
on Monday, they also will be made
on Thursday; on Tuesday, also on
Friday and one Wednesday, also on
Saturday. The work will be started
at a. m. instead of 7.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
ACCUSED IN SHOOTING
Rooster Is Held After WOunding of
Man Near Evansville.
BIZ Omitted Press

GRANDVIEW, Ind, May g.
Steven Masterson, 80, was under
arrest today in connection with the
shooting of John o. Kelly. 33, who
was wounded in the head as he sat
with his wife and child in the home
of neighbor.
Kelly was rushed to DeaconeSs
hospital, Evansville. Masterson was
arrested on complaint of Kelly's
brother, William, but denied any
connection with the shooting.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
AL SMITH TO ATTEND
N0TRE DAME EXERCISES
Governor McNutt. Father COughlin
Also to Take Part.
3n Tnifcd Press

By tHited Press
NOTRE DAME, Ind, May g.
Alfred E. Smith, Governor Paul v.
McNutt and the Rev. Charles E.
Coughlin will play important parts
this year in graduation ceremonies
at NOtre Dame university.
Governor McNutt will deliver the
commencement address June 4.
Father Coughlin, famous for his ra-
dio sermons from Detroit, will de-
liver the baccalaureate sermon.
Smith will attend the special cere-
mony planned when the Laetare
medal is awarded John Mccormick,
opera singer. The medal annually
is bestowed on an outstanding
Catholic layman. Smith is a former
winner.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
TRIES TO END HIS LIFE
Brothe rof Louis Schneider in Crit
ical Condition Here.

Suffering effects of poison swal-
lowed in a suicide attempt Thurs
day night, Paul Schneider, Is, of
3485 Brentwood avenue, is in a crit
ical condition today at city hos
pital.
Dependency over the death re-
Gently of his father, William G..
Schneider, veteran tailor, led to the
suicide attempt He is a brother of
Louis Schneider, automobile race
driver.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
RESUME MUSIC EVENT
State High School Contest Nearing
Close at LaPOrte.

81 ntfed Press
LA PORTE, Ind, May 6-Band
and orchestra competition was re-
sumed here today as the annual
state high school music contest
neared its close. Solo and ensemble
contests we're concluded Friday.
The band parade. most spectacu-
lar event on the two-day program,
was scheduled for late this after
noon with twenty-six high schools
participating.
Prizes will be awarded for the best
marching band, best playing band
while marching, best uniformed
band and best drum major.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
PURDUE QUEEN CHOSEN
Lafayette Girl to Be Crowned at
May Day Festival.
By Times Special


LAFAYETTE. Ind, May 6-Miss
Anne Mavity. Lafayette. will be
crowned May Queen of Purdue uni
verSity. at May day festival, and
Mothers day entertainment at Fur-
due next Saturday. Miss Mavity
was selected May Queen recently
She is a member of Kappa Kappa
Gamma sorority.
Attendants for Miss Mavity will
be Mary HartSock. Indianapolis;
Dorothy Mae Evans and Mary Van
Malta, Lafayette: Harriet Hail.
West Lafayette; Vera Peters, Lin
den, and Helen Smith and Marion
Smith, Gary. Mary Schaefer,
Petersburg, will be maid Of honor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
INSURANCE MAN SPEAKS
Safety Advocate Gives Address to
Underwriters Here.

John j. Hall, New York, director
of the street and highway safety
division of the National Bureau of
Casualty and Surety Underwriters,
Friday addressed the local Casualty
and Surety Club, at a luncheon
meeting at the Columbia Club.
Hall has conducted "save-a- life
campaigns in twenty states. These
are designed to show need for COM
pulSory motorcar inspections.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
? ARMY FLIERS KILLED

By United Press
SAN ANTONIO, Tex, May g.
Lieutenant Edward Wolfe, Kansas
City and Sergeant Will Meredith,
San Antonio, both stationed at
Brooks field here, were killed late
Friday when their plane crashed six
miles north of Devine, Tex.
The plane burst into flames as it
crashed and bodies of both men
were burned badly.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
EX-C0NVICT Is HELD
BY KENTUCKY OFFICERS
City Man Accused of Breaking Into
School at Frankfort.

Accused of breaking into school
building, Lawrence j. Lauer, Ills
Shannon avenue. said to be a for
mer convict, is held in Frankfort,
KY, according to information given
Indianapolis police Friday hight.
Although Lauer has no criminal
record here. police recall that on
April Is they visited his home after
receiving a report that he was ar
rested at Tuscola, Ill, and that an
automobile he was driving contained
burglar tools.
Lauer is said to have escaped
after serving half of a three-year
burglary term in Michigan state re-
formatory at Ionia. He was cap
tured. served more of the term, and
was released on parole.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06

Bernard T. Smith has had his ups
and downs in the stock market Of
course vet by fortunate speculation he
has succeeded IN sccumulatinR great
wealth during these depression DAYS
How did he do this while inv stors
hight and left we're losing everything?
George Britt answers this question in
the fourth Of six articles.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
COAL COMPANY ROBBED
Loot Worth 500 Taken From Safe;
Other Articles Stolen.

Loot of 500 was taken Friday
night from the safe in the Office of
the Southern Coal Co., 1887 Madi-
son avenue, and several articles
stolen, including a clock valued at
SIS, a ratchet brace, bits and pinch
bar
The Office was entered by break
ing glass in front door. Combina-
ton was battered from the safe and
hinges removed. A drill was used
to operate the lock of the safe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
BY GEORGE BRITT


NEW YORK, May 6-When the
L ' banking and currency COM
mittee of the United States senate
dabbled into the question of short
selling on the New York Stock Ex-
change year ago, it placed Ber-
nard E. Smith On the stand and
sought to make him break down
and confess that he was "a big bear
raider
mo one ever has called me a
bear raider to my face" said the
bulky and rubicund Mr.. Smith, in
his very silken voice, and do not
really know what they mean by a
raider"
Queries and proddings had no
more effect upon his shock-ab-
sorber nerves than do the rumors
which daily sweep Wall street and
which he consistently disregards.
He was known "as big short OPP
orator." he conceded, and that was
all.
Ask him today about the story
that whenever President Hoover
issued reassuring statement he
went short on a block of stock.
The answer is a spoofing and in
nocent disclaimer, of a piece with
his testimony to the senators.
And it is indeed true. He is not
a bear. He is not a bull. He is too
resourceful a Spectator to be tied
up in any emotional complex either
way, because definitely and on am
pie scale he is both.
The market has been engaged in
nearly perpendicular drop, with
upturns few and brief for three
years past, with the short position
clearly the side of profit.
MIR. SMITH is not fool. But lis
1VA ten to him now, changing the
subject quickly from bearishness:
I'm very bullish right now-very
bullish on gold, mines and aviation.
IF I talked about short selling,
lot of people who lost money would
think I personally forced their
stocks down They would hate me.
AS an honest fact there were some
stocks that wouldn't sell at all.
Il knew they were going down,
but friends of mine were loaded
with them, and I didn't want them
to think I was putting pressure on
their stuff"
Nevertheless, in Wall Street these
days the name Ben Smith means
bear. And the Street pays a per-
sonal respect to him as one trader
who has cleaned up.
About three years ago the COM
Portable reticence he has enjoyed
all his life was broken into when
the newspapers wrote about him as
Sell En- Ben" and quoted his
Sell EN-. They're not worth any,
thing"
Fantastic profits were credited to
him then, as high as $5,0000O0 and
SlOO,OOO,OO0 in a single thirty days.
What he has made he alone
knows. Picayune trade is not for
MIN. Inc oCher DAY he bought an
extra 10000 shares of an aviation
stock after having seen it, himself
already on the bull side, jump from
Az to IL. He believed it was still
headed upward.
You've got to have the courage
to support your opinion" he said
as the one bit of sage advice in
scattered conversation.
= n
LIE is as, a west side Irish lad,
Il Il once an errand boy who never
lost his boyishness and never was
bleached Of his realism, who bought
his Exchange seat seven years ago
and has made and lost fortunes by
the dozen amid constant fireworks
Why is he in Wall Street? The
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-06
Child Loses Fingertips

Imogene Lee, of 308 South Noble
street, suffered loss of tips of two
fingers on her left hand Friday in
a lawn mower which was being
pushed by playmate. She was
fAken TO city hospital after police
administered first aid.