davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
IM. E.TracySays:

F the average American were able In handle
MS debts the way the European governments
are hahoIlng theirs, there would be fewer fore
closures and sheriff sales in this country,
VI the Sl440O0,000 due Uncle Sam last wear,
most OF It Tor intereSt-leSS than $40 OO0 OOO
was paid and that was paid in silver purchased
at 80 cents an ounce
VI Che thlrteen debtor nations only one paid
IN tuA. That one was little Finland
, great Britain, Italy, and Latvia acknowledged
thelr opHgatlons by RENTING a very small per
CenVage OF what was due. Czechoslovakia and
Rumanla promised to pay. The other seven
france Belgium, Poland, Yugosavia. Lithuania.
Hungary and Esthonia-defaulted
ms is probably the most scandalous default
IN human history, especially because of the
crooked, oblique ways in which it has been
brought about
LNIRST, we were sold on the idea that Euro
pean governments could not pay, unless we
heIped them After that, we were persuaded
that they could ont pay, unless they deprecated
| Uhef currencleS or abandoned the gold standard
Right now, we are participating in an eco
nomlc conference through which these default
ing governments propose to peg the American
collar at such high price as will give them
a permanent advantage in world trade
Under ordinary circumstances, as revealed
by prevailing conditions during most of the
nineteenth century, and the first decade of the
twentieth, the pound sterling should be worth
S4.86, While the franc should be worth about 20
cents.
For two or three generations, these values
remained fairly stable and represented what
Justly may be regarded as fair and workable.
France, though pretending to uphold the gold
standard and though possessing gold reserve
of more than S3,000000000. not only has reduced
the gold content Of the franc by 80 per cent
but has paid us practically nothing on what she
owed. England by abandoning the gold stand
ara, succeeded in debaSing the pound by more
than One-third
Dominating European policy as they do these
two nations propose a bargain by which the
United States will recognize a debasement Of
their currency in comparison to the dollar
England wants the pound Stabilized" at 81
which Is IS cents below its normal worth and
France wants the franc continued at about 4
cents, which is only one-fifth of its normal
worth.
WHEAT have we to gain through such mani
w testify unfair agreements, what we could
not gain by ourselves? On the other hand, what
have We to lose?
Getting right down to brass tacks the United
States government can peg the dollar without
any help from other countries.
Furthermore, if the dollar has to be pegged.
we would better do it ourselves and with an eye
to our own interests.
If this is to be a race Of deprecated cur
rencieS, no international conference is needed.
mind to default, We might just as well let them
do it.
The weakness of our present attitude is fear
Of another European war; fear that if one &C.
ours, We can't keep out Of it.
That is nonsense. We are not bound to
interfere with every row that occurs any more
than we ever were
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
Making 1t Too Easy

WTHAT I have in mind is that
w the bright youngster of
q or p who Immediately makes his
mark is almost certain to be de
pendent upon luck, influence. or
some snowy talent None of these
factors is to be endwngly priced.
Genius. or even good second rate
ability. takes longer than that.
The man who succeeds for
tWtouSly is apt to become convinced
that he lives in the best Of all
possible worlds, or something very
close to it. He is likely to found
CONGRATULATIONS upon happenings
which are, after all. no more than
a lucky turn of the dice
But perhaps it is not necessary
to waste much time ON these ex-
ceptions. The average man will fnd
himself on the wrong side Of wall
Of jobleSsneSs and indifference. No
body as far as I know. has any next
Monday morning remedy to save
him from discomfort and actual
physical suffering. The best that
any commencement orator can do
is to urge him not to blame himself
for conditions over which he has as
yet no control.
"A few volUble people still go
about the world saying that the I'M
employed are victims of their own
folly and sloth and that they easily
would find work if they only wanted
to. This is an evil thing. but it is
much more evil if any of the dis
possessed can be induced to believe
such nonsense even for a moment.
Il hope that college has taught
you the undoubted truth that prac-
tically nobody fails without active
collaboration. I would warn every
one of you against the practice Of
self denomination and the recital of
your own mistakes and short
Comings.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

His predictions that there would be plenty
Of Decent bottled beer has proved true. how
ever
Taxes are another point Of much criticism
Of the AIcNutt regime. Under his domination.
the 1888 Legislature seemed to tax everything in
sight.
1t passed an intangibles tax law, gross in
come and sales tax, beer tax, all sorts of truck
and transportation taxes, and finally put the
drivers license payment upon an annual basis.
In return, it agreed to pay 5000 of teacher
cost in all the state common schools.
4 S McNutt took control of the legislature
L n in tax matters, so he did in everything
else. The result is a fat volume of 1888 acts.
Similar administrative dictatorship later
was followed in the national congress by
President Roosevelt. 1t also worked.
On the economic side, the Governors pro-
gram has not measured up in liberalism to his
anti-prohibition stand. nor to the advance
made under the President and. Democratic
party.
His alliance with big utility interests fire.
quently has been alleged and is reflected in
selection Of certain close advisors, such as
Robert Baton, Marion attorney.
McNutt appointed him as chairman of the
new state banking commission.
So far, no drastic rate reductions have come
from his public service commission.
NHILE yellow dog contract and anti
injunction laws were passed by the legis-
lature, it also passed a law making it a felony
for striking farmers to halt foodstuffs on
highways.
Another law abandoned the municipal
elections for a year and was considered abso-
lutely undemocratic
1t was based on recognition OF the danger
of Democracy's defeat at the polls, based on
criticism Of their program before it had
chance to work
The banking crisis gave NcNutt chance
to exert leadership and Indiana has pulled
through as well as any state He did his ut
most to aid in reorganization of the Fletcher
American National bank
Many predict that his zenith of unpopuIar-
ity has been reached in these first six months
and he will retire from office leaving a record
such as he promised during the campaign.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

ness kept going. savings accumu-
lated and the stagnation of credit
represented by the shares now fro
zen be overcome.
We here hold the key to oppor-
tunity.
We need more common sense and
less horSeplay, more application OF
reason to a given problem than
strangling procedure that ignores the
requirements of modern needs.
The financing needs of the fu-
ture for acquiring homes demand
that the channels through which
this has been possible use sensible
methods, or other channels will be
created that will. The state should
make this possible at once.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
A Woman's Viewpoint ::
by MRS. WALTER FERGUSON

harder on frail feminity than cook
ing.
60 the back to the kitchen move
- ment, necessitated by the slump
and fathers bad investments, has
been one Of the finest things that
ever happened to US. Right now
many an erstwhile leader Of the elite
is enjoying a well-earned rest, fry
ing steak and potatoes for the
family supper.
Multitudes of good wives and
mothers have been saved from death
by nervous filters, brought on by
efforts to fill the china cupboards
with $3.50 a dozen service plates and
solid silver finger bowls Marathon
ing it after the Joneses is what put
most Of them in the psychopathic
ward.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
Our C0n1muniStic EIeUens

II VEN the overemphasis on sports
IL has in it at least the saving
grace that the individual does his
best not for himself but for the
team. And so it would seem to me
that we might be much better off
if alumni remained collegiate and
sophomore and did not swallow
whole the standards of a world
which is based upon a conception
OF human nature far more artif-
cial than that which prevails in
college.
Il would not have you seniors of
Ootfus go out to learn from the
world. 1t would be much better to
make the world learn from you.
You are going into a community
which is illiterate. Some of them
can read and write, but the vast
majority of your fellow country
men are wholly illiterate, economi-
cally and politically
Keep your heads up. Do not be
patient in that state Of society to
which it has pleased the depression
to call you.
BE skeptical Of the authority of
the wise men. Your professors. per-
haps, were not so smart. The same
will go for your bosses.
you can't make mutton broth Of
your sheepskin, but keep it handy.
just the same. Don't take the world
as it is. This is no inpregnable line
Of giants. Call your signals and
shoot a play of tackle"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

Wilmington, Del, man now is talking after
eleven years of voluntary silence in which he
SAID absolutely nothing. We know a lot of
men who have been talking every day for the
last eleven years of whom the same thing
might be said
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

1t is best never to be respondent, but the
man taxing his first airplane ride usually feels
better when he's down and out.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
daily Thought

Hitherto have We asked nothing
in my name; ask and We shall re-
ceive, that your Joy may be full
st. John, 1924.
CHRISTIANS are directed to
~ faith in Christ, as the effectu-
al means of obtaining the change
they desire.-Franklin
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
BY H. L. seeger.

By II. L. Seeger.
The frozen condition of building
and loan associations, caused by in
ability Of borrowers to meet mort
gage payment obligations from re-
duced income and wages, could be
avoided largely if our traditional
procedure did not bind us to alb
surd policies that destroy the very
thing they are supposed to protect.
Credits represented by association
stock in shares of 500 each should
not be made immobile merely be-
cause the borrowers can not meet
the obligations in currency to pay
stockholders who need their credits
represented by "stock"
Back of federal reserve notes are
business obligations of the CONNER
cial world.
Back of building and loan stock
is the same type of collateral, eX-
cept that it has even greater sta
bility than business notes.
If we could break with tradition,
custom and precedent in times of
Stress and face reality we ought to
make this stock so that it would
serve as a medium Of credit in ex-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

Member OF United Press.
Scripps Howard Newspaper
Alliance. Newspaper Enter
prise Association. Newspaper
Information service and Au-
dit Bureau OF Calculations.
Owned and published daily
Except Sund1yJ by The In
dianapohs Times Publishing
Co, 2l4-220 West Maryland
street. Indianapolis, Ind.
Price ip Marion county. 2
cents a copy: elsewhere, 8
cents-de delivered by carrier. u
cents a week. Mail subscrip-
tion rates IN Indiana. s. a
year: outside OF Indiana, 65
cents a month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22
:: The Message Center ::


(Times readers are inUited to cypress
their VielcS in these columns. Make your
letters short, so all can hare a chance.
Limit them to ESQ t0ords or less,)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

BY a Postal sympathizer.
WOUR mathematician better
l. take a correspondence course.
I refer to your article regarding
the reduction in salary of post
office workers stated as a cut Of
l per cent. The cut is to be nine
days out Of the first quarter, which
is seventy-two working days, and
the cut will be between IL to Is
per cent. Your. paper never has
been fair in things like this, as
you print very little about them
and not all the news is contained
in what you do print. Nothing
was mentioned about the Is per
cent reduction now in force.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-06-22

Copyright. 1893. by The Tines
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
TAKES POST AS
U. S. ATTORNEY
B. H. Caughran Assumes
Duties as Assistant to
Val Nolan.

B. Howard Caughran. new assist
ant United States district attorney,
was sworn in and assumed his new
duties at the federal building today.
Caughran has been active in
Democratic politics for number
of years and has been treasurer of
the Democratic county committee
for the last two years. He has been
a practicing attorney at SIS Indiana
Trust building for many years. He
will resign as city health board at
torney a post he has held nearly
five years.
The new assistant to District At
torney Val Nolan succeeded Alex
ander c. Cavins. Republican. who
has been an assistant district at
torney more than eleven years.
serving for a time as acting district
attorney several years ago.
Before becoming district attorney.
Savins served overseas with the
Y. M. c. A. first as a hut secretary.
and. after the close of hostilities.
as head Of the Y M. c. A. overseas
legal department, with offices in
Paris.
Cavins expects to return to the
private practice of law in Indian
apolis. During his long service with
the government, he has had a part
in prosecution of a number of i'm
portant criminal and civil cases.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01

The conservation department
working with Morgan. is drafting
plans for ending the pollution OF
his cannery on the stream.
Screens Won't End Trouble
1t has his promise 70 place, with
in the next two months. screen to
halt the more solid, elements of the
cannery's wastes from entering the
Muscatatuck
But the screening of the solids in
the wastes will not suffice to clarity
the stream. Other canr cry wastes
acids, Ives and ACKNOWLEDGEMENTS
be treated before the river once
called Clear river will be restored
to its rightful name.
If plans go through Morgan will
be the first large Gamer in Indiana
TO end years of destruction of game
fish on state streams.
The conservation department has
hopes that his cannery at Austin
will be the first in the state to in
stall complete disposal plant for
treating its wastes.
Other Ways of Angling
They have the heap big fish
in Indiana's stream pollution on the
hook and willing TO jump into the
frying pan providing
The heap big fish" doesn't
wiggle away.
If he does then there are other
days of fishing and other ways of
landing heap big fish"
(Next-A "No-Mean" City and Its
POllution.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
TO BOOST
PRICES OF CORN,
HOGS STUDIED
Reduction of Production
Mapped at Meeting in
Chicago.

Plans for reducing corn and hog
production. recommended in a two
day conference at Chicago last week
by a committee representing ten
midwest states. were being studied
today by officials of the Indiana
Farm Bureau.
Under the plan. farmers in In
diana and other corn belt states
would benefit from higher corn and
hog prices. If the plan should be
adopted by the agricultural ADJUST
ment administration
The recommendation called for
removal from the American market
of 500.O00000 pounds Of pork and
pork products between now and Jan.
l. with a total reduction OF 2.000.-
100000 pounds Of pork products in
the next twelve months
Suggested means of reducing sup
plies included sale or donation OF
pork 10 relief agencies under agree
ment not to reduce normal pur-
chases. making low grade hogs and
hog products into tankage. benefit
payments 10 farmers for marketing
light pigs and piggy sows. increas-
ing exports. levying a substantial
processing tax on all hogs weighing
more than 235 pounds.
Losses incurred in disposal OF
surplus pork would be paid from a
processing tax on pork and compet-
ing products.
The committee specified that any
price improvement TO the farmer
not be pyramided by the professor
and distributor in the price 10 the
consumer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
SUICIDE VICTIM TO BE
BURIED AT CROWN HILL
Last Rites for Charles W. Nicholas
Will BE Held Wednesday.

Funeral services for Charles Wal
ter Nicholas. IS. of 3057 Park ave-
nue.. who committed suicide in
Crown Hill cemetery Monday bv in
haling carbon monoxide fumes from
his automobile. Will be held az .
Wednesday in the Flanner q Blu
chanan mortuary. Burial Will be IN
Crown Hill cemetery.
The body was discovered in the
afternoon by a cemetery employe
Ora Athey. r. r 3. Box goo. who
said ne had noticed Nicholas car
parked In the cemetery at 6 a. m.
The car windows were closed and
the motor running. fumes from the
exhaust pipe being conveyed
through a rubber hose. Efforts BY
police to revive Nicholas failed He
was a former Indiana Bell Tele-
phone Company employe III health
and q nervous breakdown were
blamed for the act.
Surviving him are the mother.
Mrs Jennie Nicholas. and a sister.
Mrs. Ida Summers, both of the
Park avenue address. Nicholas was
unmarried.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
a R1K
a DAY. :.
~ BRUCE CATION

CAPITALISM as we have known
~ it has been nothing less than
a modified feudalism. For the or
binary citizen, it has contained all
of the evils of unrestricted compe-
tition and of monopoly as well. with
few of the advantages of either.
So says Robert Segal in "Tri-
opoly-or Glass WARP" a stimulating
and readable little discussion of the
new trend in finance and industry.
Man. says Mr. Segal started out
with nothing at all and worked up
by dint Of infinite sacrifices, to a
condition Of widespread poverty
Because the forces of credit and
machinery are essentially anarchic
he has got little genuine benefit
from either.
Yet the solution. as Mr. Sega
sees it. neither is difficult nor far
away. 1t lies, Mr.. Segal believes. in
an adaptation of the industrial
franchise-the franchise that sc
far is granted only to public utili-
ties which have to be monopo-
listic.
Mr.. Segal suggests that all in
dustry be franchised. with contro
vested. in three-way manner. ir
capital. labor and consumer. Sta
oilization of business. abolition OF
unemployment. security OF invest
ment and the maintenance of de-
cent wage scales will, ne says, be
the logical result.
What makes his plan especially
interesting is the fact that it looks
remarkably like the program that
now is being attempted under the
industrial control bill If Mr.
Segal is right, this bill ought to
De the most significant and profit
able thing We have ever attempted
Published by Duffield & Green
this book sells at So.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
SUSPECTS BOUND OVER
Accuse Two in kidnapping of Boy
From PoOlroom.

Two men accused of kidnapping
Joseph Malad, IT, from his fathers
poolroom at 3547 Massachusetts,
avenue. Saturday. were bound over
to the Marion county grand jury by
Dewey Myers. judge pro tenn, Mon
day in municipal court.
Bonds of $1,000 each were set for
Russell Miller, IS, of ITO Ludlow
avenue. and Claude Williams, "a,
Of 1888 East Thirty-frst street. The
case of Tony Malad. the boys ia
Their. who is held on a vagrancy
charge under $4,000 bond. was con-
tinued until Aug 10.
Police charge the kidnapping was
the outgrowth Of bootlegging dis
pute.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
STUART WILL IS FILED
Widow of Late City Educator Is
Left Entire Estate

Will OF Milo H Stuart. assist
ant superintendent of schools who
died last week. was filed in pro-
bate court Monday. The Will. ex-
ecuted Jan. l3. 1881. left the entire
estate TO the widow. Mrs. Ethel
Symons Stuart. who was named ex-
ecutrix. providing $4,000 bond
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
SUIT TO BLOCK TRUCK
TAX Is THREATENED
Operators TO Fight Imposing Of
Levy, Effective Today.

w vi
Levy, Effective Today.
Injunction suit to prevent collec-
ton of the 81 for each 100 pounds
as truck tax is expected to be filed
in a superior court late today.
The tax became effective today,
and is for collection through the
automobile license bureau. Each
trucker having made payment is
given a metal disk receipt.
Suit will be launched by a group
of truckmen who claim that the
law discriminates unjustly against
the trucking interests.
Frank Finney, chief of the license
bureau. said that only half of the
tax, or one-half cent a hundred,
would be collected now. since it be-
comes effective at the mid-year.
II is up to the state police to
enforce collection, he said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
POSTAL JOBS ARE OPEN
Applicants For Places in Five In
diana Cities Are Sought.

Applications for examination for
third class postmasterships in five
Indiana cities will be received at
Washington up TO Aug 81, it was
announced today by F. ]. Boatman,
local civil service secretary. The
cities are Bloomingdale. Frankton.
Lapel, New Palestine and Oakland
don.
Boatman also announced vacancy
for cost and production superin-
tendent in the Leavenworth peniten-
tiary shoe factory Applications
must be filed in Washington not
later than Aug. "a.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
BARRIERS BOARD IS
NAMED BY GOVERNOR
License Commission to Enforce New
Law Effective Sept. 1.

Law Effective Sept. l.
Members of the new BARRIERS
license board took office today by
appointment of Governor Paul V.
McNutt.
They are Frank Mckinney. secre-
tary of the Indianapolis BARRIERS
union for the last twenty-five years
Walter F. Bugher. Lafayette. Secre-
tary-treasurer of the Associated
Master BARRIERS state organization.
and Arthur Wilson. Shelbyville,
home town of Pleas Greenlee. Nc
Mutt secretary in charge of per-
sonnet.
Bugher is the Republican men,
Der. it was announced.
The law is expected to be opera
tive fully by Sept l, with both phys
ical and professional examinations
for applicants for licenses.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-08-01
C. M. T. C. TROOPS AT
FORT ARE INSPECTED
Camp Commander Is Reviewing
Officer in Final Ceremony.

Officer in Final Ceremony.
Colonel William r. Standiford
camp commander. inspected the C.
M. T. C. troops, in their final review
at Fl. Benjamin Harrison this
morning.
Medals. trophies and scholarships
were presented TO outstanding can
didates at the conclusion of the for
nation.
Colonel Robert L. Moorhead made
the presentation address at the
awarding of the good citizenship
medal to the outstanding cadet.
This medal is presented by the IN
diana Society, Sons of the American
Revolution
Members of the S. A. r. attended
the ceremony in a body.