davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
u. S. Releases $40, 500 900 Fund
to SAGE 40 Banks in State by
'Tha7Ui11g Out Frozen Mortgages
Plan of Mckinney, Tried II
Morgan County, Wins
Federal D. K.

Approval of a program in
stituted by E. Kirk McKin-
ney, state manager of the
Home Owners Loan Corpora
ton, to thaw out approx
mately $1O,5O0,OOO assets in
state banks and to relieve
desperate conditions of mort
gagees, was received here
today.
Following receipt in Washington
of complete details regarding opera
ton of the plan at the Peoples
State bank at Ellettsville, Monroe
county, federal authority was given
for extension of the plan to ap-
proximately 14O other state banks,
Mr. Mckinney said.
Although not known definitely, 1t
is expected that the suggestion by
Mr.. Mckinney will be used in other
states where similar frozen banking
conditions are working hardships on
creditors and debtors, alike.
Half in Closed Banks
In Ellettsville, thirty three mort
cages were refinanced, which put
$50,500 in Home Owners Loan
Corporation bonds in the banks
vaults to replace mortgages, Mr..
Mckinney reported.
Of the $1O,500O00 expected to he
released, approximately half of the
amount is held in eighty-three Glass
B and restricted banks, where opera
ton has been impaired since the
spring bank holiday
The remainder is in closed banks,
now operated under receiverships
or by liquidating agents, Mr.. Nc
Kinney said. Because Of the
pinched financial condition of all of
these institutions, they are unable
to renew mortgages, even when the
security is the best, it is pointed
out.
Banks Pay Costs
Home owners are unable to renew
their mortgages, and officials in
charge of the banks have no al
tentative except to sell the prop
erty at greatly deprecated prices,
which results in losses of from Is to
IS per cent to depositors, Mr.. Nc
Kinney declared.
Under the plan conceived by Mr.
Mckinney, the machinery of the
loan corporation is utilized in ex-
aiming the eligibility of home own
ers, with the banks paying super
visory and clerical costs.
After the eligibility of the home
owner is determined, the regular
machinery of the loan corporation
is used to replace the mortgages with
it's own bonds. while the owner is
saved from loss of his property.
300 Banks Restricted
Mr.. Mckinney was expected to
visit South Bend today for a con-
ference with officials fthe Ameri-
can Trust Company, a restricted in
stitution, regarding release of about
100000 in mortgages.
Lafayette and Fl. Wayne institu-
tons probably will be benefited by
the plan, also, Mr.. Mckinney said
today. Other banks and home own
ers will be relieved as soon as pos
Sible, it is said.
Mr.. Mckinney said he understood
that of the 585 state banks, about
three hundred now are restricted OF
closed, and that practically all may
receive some benefit from the mort
gage liquidation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09

and the state department
progress to the point where
he can enter into the discus
sions.
At the White House it was ex-
planned that from 4:3O p. m. on Mr..
Roosevelt's appointment book was
clear.
The HulI-Litvinoff talk began
shortly before noon today. The
Soviet minister was accompanied to
the state department by Ivan A.
Divilkorsky, secretary in the Moscow
foreign Office. The Soviets were
expected, as a result of overnight
study, to suggest solutions of prob
lens which arose in the conversa-
tions yesterday.
At his press conference today,
Secretary Hull parted all questions
about the progress of the CONVEX
sations, but indicated that a COM
munique would be issued later.
Litvinoff and his party, it be-
came known, are hopeful of leaving
before the end of the week and
spending several days in New York
before returning to Europe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09

Manufacturing Co, Link-Belt
Co., Kingan & Co., Advance
Paint Co., and the Lilly Var
nish Co., as well as more
than thirty other firms.
The association is opposed to the
amended application as it now
stands, because it affords no def
mite assurance of service of natural
gas to the consumers of the CITY,
the resolution declares.
It is pointed out that present
Citizens Gas Company rates for
artificial gas figure approximately
s167 for a 1000 cubic feet Of heat
units equivalent to natural gas con-
tent.
This present rate lis more than
two and one-haf times higher
than natural gas rates prevailing IN
other cities, but the local gas COM
PAW still is unable to operate at q
profit it is declared.
Attack High Price
1T would be extremely unwise
and uneconomic from every point
of view to add to the present capital
investment of the Citizens Gas
Company for the purpose of manu-
featuring artificial gas" the state
ment declares in opposing plans for
increasing the company's facilities
under municipal ownership.
Funds obtained from the proposed
loan should be used for introduction
of natural gas instead OF using
said funds for manufacturing artl-
fetal gas and thereby perpetuating
high price of gas in Indianapolis
both to domestic and industrial con-
Sumers.'
Ask Sound Program
The Manufacturers Natural Gas
Association. Inc. is not opposed to
municipal ownership of the Citizens
Gas Company property by the city
of indianapolis through its utility
district. provided this can be done
under proper conditions" the state
ment declares, and continues, Such
ownership should be predicated def
nitely upon a sound program that
will result in undoubted benefit to
the consumers
Opposition to the present plan OF
the city is for the reason that the
amortization charges on the con-
templated loan will exceed in a
considerable sum the only saving tC
be effected by such loan, namely
the saving of the difference between
the interest rate on the loan and the
present interest and dividend
charges"
See No Reduction
No appreciate reduction in con-
sumers' rates could be accomplished
in face of these increased expenses
it is declared.
If the investigation and survey
should prove that mixed gas woulc
be suitable for domestic use anc
fair to the domestic consumer. Their
such portions of the existing manu-
featuring plant as are necessary tc
produce a sufficient amount Of
natural gas could be maintained,
the statement suggests.
"A great many manufacturers no.
now customers of the Citizens Gas
Company because of the excessive
price of artificial gas would use
large quantities of straight natura
gas, which would yield a profit t
the city" is offered as an additional
reason for the city to plan on using
natural gas in municipal plant.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
LIQUOR CONTROL GIVEN
STUDY BY ROOSEVELT

Government Experts at White
House to Prepare Report.
Bu JHitCi Press
WASHINGTON. Nov. e.-Presi-
dent Roosevelt will begin considera-
ton of the liquor problem today in
a conference with experts from five
government agencies which have
been drawing up q report covering
the entire situation, the White
House revealed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
DAUGHTER, II, SEES
FATHER SHOOT SELF
Look, Lela' Cries City Man as He
Fires 2 Shots.

Look, Lela!" cried Purley Sewers,
81, of 1923 Montcalm street, to his
estranged daughter, Mrs. Leila Bur-
ris, II, Of 1923 Rembrandt street, as
he raised a pistol to his head in the
window Of his home today and fired
two shots.
Mrs. Burris, who was standing
outside the house, ran to a neigh
boris home to tell her mother.
When police arrived, they found
that Sewers had shot himself
through the head. Another shot
which he had fired at himself had
missed and penetrated the ceiling.
He was taken to city hospital in
critical condition.
Mrs. Lucy Sewers, his wife told
the police that her husband had OBJ
jected to his daughters marriage.
He shot himself after forbidding her
to enter his home.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
FOREIGN WAR ORDER
CHIEF TO TALK HERE
Military Group 20 Hold Dinner On
Armistice Day.

Pelham st. George BisseI, nation
al commander Of tt Military Order
Of Foreign Wars, and a New York
City judge, will be principal speak,
er at the Armistice day dinner OF
the Indiana department, at $50
Saturday night in the Columbia
Club.
Brigadier- General George H. Hea-
ley is department commander and
is in charge Of arrangements, as
sisted by Major Myron Cosler and
Colonel Guy A. Boyle.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
OF
RUSSIA LIKELY
TO COME TODAY
Important Announcement May Come From
White House Tonight, Hull and
Litvinoff Indicate.
ROOSEVELT READY TO ENTER FARLEY
President Is Keeping Late Afternoon Open
in Expectation of Finish of
Momentous Discussions.


WASHINGTON, Nov. 9.-The Soviet American recOg-
milton talks this afternoon reached the advanced stage
where agreement ready for presidential approval it
indicated after meeting between Secretary Of State
COrde Hull and Foreign COmmissar Maxim LitvinOff.
Hull emerging from his Office after twohOur talk with
LitvnO said the two would the President at p
WASHINGTON, Nov. 6.-Secretary of State Corde
Hull and Foreign Commssar Maxim Lvino of the Soviet
Union this afternoon renewed their attack the problems
impeding American recognition of the Soviet with the pros
pect of concluding them shortly.
Officials hopeful that result of the state de-
partment talks the final issues of the recognition problem
be placed before President Roosevelt late today An
of recognition may tonight tomorrow
President Roosevelt is keeping the late afternoon open
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
ILLINOIS NOT TO GET
CUSTODY OF SAMMONS
Witnesses in State Bank HoIdups
to View Suspect.
By United Press


By United Press
CROWN POINT, Ind, Nov. o.
James Fur) Sammons, notorious
Chicago police character, will not
be turned over to Illinois authorities
unless Indiana police claims on him
fail, Lake county authorities said
today.
Robert G. Estill, county prosecu-
tor, said witnesses of thrty-three
Indiana bank holdups will view the
prisoner.
Maryland authorities then will be
given a chance to try Sammons on
a robbery charge, Estil said. Wis
consin officials suspect Summons Of
a Shawano murder and robbery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09

OOAIIP4NN IUVtlI IooWVO oIUWCN VIIO
count, which was not expected to be
complete until some time next week
The tabulation will cease Saturday
in observance of ArmiStice day.
Complete reports of widespread
shootings. in election brawls showed
sixteen men we're slain on voting
day. One man was killed here. The
others were slain in rural and min
ing section feuds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
Philippine Women to Get Vote

BIZ United Press
MANILA, P. l., Nov. 9. - Both
houses of the Philippine legislature
today passed an amended bill CIV
ing women of the islands suffrage
in 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
DISABLED VETERANS
PREPARE FOR DRIVE
Forget Me-Not' Campaign Plans
Completed at Meeting.

Final preparations for the For
get-Me- Not" drive, under auspices
of the Dr. w. G, Worthington chap
ter, No. 3, Disabled American
Veterans of the World War, were
made at meeting last night in the
headquarters of the organization,
108 North Delaware street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
CITY BANKS WILL BE
CLOSED ON SATURDAY
Pay Rolls to Be Ready Tomorrow,
Cleaning House Reports.

For the first time in history Of
the indianapolis Clearing House
Association, local banks will be
closed all day Saturday in observa-
ance of Armistice day. it is an
nounced.
Arrangements fir pay rolls. CASH
ing checks and other customary Sat-
urday business. are being made for
tomorrow by local banks, it is said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
2 BRIDGES BURNED IN
FARM STRIKE AREA

Iowa Spans Badly Damaged But Not
Destroyed.
By United Press
COUNCIL BLUFFS, Ia. Nov. g.
Two railroad bridges were burned in
this farm strike area early today,
one near Portsmouth, Ia, in Shelby
county, the other two miles north of
ThurSton, Neb.
Both bridges were being repaired
today. Neither was destroyed, but
both we're damaged considerably.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
Russian Is Nobel Winner
By United Press

OV LHtttN Cftss
STOCKHOLM, Sweden, Nov. o.
The 1888 Nobel prize for literature
was awarded today to the Russian
author, Ivan Bunin.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-09
KENTUCKY 37TH
IN REPEAL LIST
Evenly Sustained Majority
Is Shown in Count
of Ballots.
BIZ United Press

By Lntted Press
LOUISVILLE, KY, Nov. Count
of Kentucky's ballots from Tues
days election today showed an
evenly sustained majority for repeal
of the eighteenth amendment, plac-
ing the state as the thirty-seventh
tn anDrove reDea1
The Washington times., 1933-11-01
FRANCISCO,

SAN FRANCISCO. Nov. I
uNs.) )Disclosure; OF the pres
efics here Of Doris Duke, 20,
heiress to the $4,000. 900 fortune
Of her late father, James B. Duke,
tobacco king, forced the pretty
|blue-eyed heireSs to leave for, an
unannounced destination In the
East. u
Travelling incognito with her
step-br0ther, walker b. Inman,
and two close friends. Miss Duke
spent several weeks touring Cali
fornia. rearing that her vast in
heritance Is q standing invitation
GO aangsterS, she has travelled
incognito since leaving her New
York home. :
The Washington times., 1933-11-01

Washington's newest traffic In
noyation-the prohibition Of any
turns ct its busiest intersection
Thirteenth and r streets North
webs causing motorists and
policeman II. a. Matney q lot
Of headaches these days. 4
Just instituted, the order bans
both left and right5hand turns at
the corner between 8 q. m. and
6 p. n. Signs have been erected.
but the hundreds Of motorists
who pass that intersection are SO
accustomed to turning that it
takes all the energy Policeman
Matney can summon to wave
them straight on.
Pedestrians Given ',Breaks
According to M. o. Eldridgs,
assistant director q vehicles and
The Washington times., 1933-11-01
Rail COIssOli IatiOn
Stirs Up Criticism

PHILADELPHIA, Nov. I (I.NS.)
A rising tide Of opposition from
business and civic leaders grew
today against the Prince plan
for Railroad consolidation, which
would leave only the Pennsylvania
Railroad to serve this city and
result In the elimination Of shops
and railroads throughout the
eastern and central portions Of
the state. The proposed plan,
sponsored BY Frederick ii. Prince.
Boston banker and railroad d.
rector. is now being studied by
Joseph Eastman, Federal trans
portation cc-ordinator.
The Washington times., 1933-11-01
GOLD POLICY
FAILS ST0LFT
PRICE EVEL
%. S. May Ask Aid Of London
And Paris in Forcing Value
OF Dollar Down
By GEORGE B. HOLMES
InteEnatIonal News Service

A week 8 experimenting with
the new gold policy having
failed to bring about higher
commodity prices. the Admin;
istration today apparently was
seeking the cooperation q
Great Britain and France for
q rcssiye, orderly cheap
ening of the American dollar
without the risk Of an inter
national currency warfare.
II was reported In Treasury
circles ana not denied shat
ashinetcn has approached hoth
III aSlk o mi glal1d and the
Bank ct france 81 The matter
.Tf some sort Of an understanding
can be reached. It might be that
the Bank Of England might be.
come the American purchasing
agent for gold abroad.
BritOn I'm Farley Here
Treasury officials and George
+. Harrison, governor Of the
New York Reserve Bank, have
conferred with Sir Frederick
Leith-Ross, British financial ex.
pert. here on the British debt
negotiations, and he has been In
communication with London.
Considerable mystery and con
fusion surrounds the working out
of the Administrations new pol.
icy. That it has thus far failed
to achieve what It's sponsors
hoped-higher commodity prices
lis conceded on all sides. In
this regard, Administration Of
ficialS are distinctly disappoint
and some Of them apparently
puzzled.
Gold Price Raised Steadily
The Governments first purchase
of gold in the domestic market
was made one week ago today. An
arbitrary price Of $31.36 per ounce
was set, $1O.69 above the century.
old statutory price Of $20.67.
On seven successive days there
after the price was gradually and
cautiously increased, until today's
quotation was $32.26, or q rise Of
80 cents in q week. Today's price
is IA cents above yesterdays.
At first the commodity markets
responded to the new policy, later
they Slllmped off, and are still in
q state Of slump, despite the sue.
cessive increases.
The Washington times., 1933-11-01
Police Place Ban On Turns
AT Thirteenth and +

traffic, the new. rule was insti.
tuted TO give pedestrians q
break" An average Of 5000 Of
them pass thirteenth and 7
Streets each. hour during the
day, 1000 more than at any
other intersection In Washing
ton. Mr.. Eldridge asserted:
seUnder existing conditions Il
q almost impossible 10 cross
that street without traffic In
I, reference. In . way, the rule
is in the nature Of An expert
lnent, although other cities have
adopted similar regulations.
"ThiR corner Is the only one
where no sturns sc an are per-
nlitked, although there are sew
eral others q washington
wIaeEo the 'sno Ieg turn ordsP
s q force
The Washington times., 1933-11-01

Miss Duke came here to visit
friends and to see the California
q. s. G.. football game last Satlir.
day. Because Of crowded hotel
reservations, the worlds richest
young woman was compelled to
take q sample room at fash
iOnable downtown hotel. II
Miss Duke and her two women
travelling companions boarded
q plane late yesterday and
headed East. They visited In Reno.
New, last week and again may
visit there on the present trip. !
It is expected Miss Duke win be
lin New York to celebrate her 21st
birthday November 23. On that
day she will receive the fortune
left by her father. Isl
The Washington times., 1933-11-01
u. S. FIier Admits
Defrnudivlg Chinese

SHANGHAI, Nov. ] u.N5l,
Bert HAL, American aviator
pleaded guilty today to = charge
Of defrauding Gen, HO Chi-KuO,
Northern Chinese leader. Hall win
Be charged formally IN the Amer.
lean court here Friday with fraud.
uIent appropriation Of 4e.7Is
(Chinese currency turned oEeE
to him FOR purchase of aTnas.
The Washington times., 1933-11-01
100 Dead, Crops Gone
IN Albanian Floods

VIENNA, Nov. (IN.S.) The
ton Of incessant rains In South
Albania may reach 100 dead,
authorities said today as floods
carried away houses and ruined
crops over large areas. A total
Of 26 bodies have been recovered
according to reports from TiraI1a.
The town Of perTleH was almost
completely devastated.
The Washington times., 1933-11-01
EXPORTS SHOW.
INCREASE
By international News servles

American exports to 81 out Of
40 countries increased In septem-
ber as compared with the same
month last year, the Department
Of Commerce announced today.
For the nine months ending
September so exports to u cosn-
tries were greater than In the
corresponding period the previous
year,
The Washington times., 1933-11-01
b 1utsrnatIonal News ssryies

"A plan Of the Chase Harris,
Forbes Company, subsidiary oi
the Chase National Bank Of
New York, to help Its Gus.
toners reduce their Federal
income taxes for last year,
was revealed today at the
l Senate banking inquiry
ferdinand PecOra. special Sem
ate counsel, produced 8 copy Of
letter from the files Of the
Chase Bank, telling one customer
the company wanted to sshelp our
customers, get around the In
come tax law.
The letter was initialed r.. w.
M" and addressed to William
Mitchell Kendall, at 101 Park
Ave-, New York city.
Wiggin Ignorant of Letter
Albert II. Wiggin, former head
az the Chase bank, declared he
knew nothing about the letter,
he identified the writer as prob
ably ! salesman for the corpora-
don.
W7iggin announced he, his
'anily. and his corporations had
laid S. S.404 ,027. 80 In Federal
axes ii the last five years. ne
aid his total tax bill for this
eriod, including State taxes. YVES
4,624, sos 38.
Pecora produced q second letter
iCaEa az. Barnegau, Of New York
ty, showing the bank was *
aiming TO other customers how
ey could register losses" on
cir Federal income tax for 1882.
Deductions Suggested
The .sR. w. N" letter referred
q memorandum which would in
m the customer how to save 9
dollars on his income tax. It
ntioned specifically that the
could be reduced By reporting
ses on the sale Of municipal ana
vernment bonds. Pecora asked:
'.Do you approve Of this Drac-
e?'t &
viggin replied:
tits part Of their salesman
p.
de tax letter declared:
enclosed ID . memorandum
ling the story Of what we are
fng TO do to help our Gus
Y1ers establish certain losses
len can be deducted from
Il income tax payments.
law passed by the last Con-
s. has made IL very difficult
,stabIish losses this year, be-
So losses through sale Of SO-
ed taxable securities can be
.bIished only as an offset
inst gains, and Of course
afnnsd on Page 2, Col. y
The Washington times., 1933-11-01
Factory Production
Declines In Month
~ International Newa Service

~ IMteEHaglUL1lE NOWU D9EVA0S
Factory production declined
somewhat during the four weeks
ending October II. figures before
President Roosevelt revealed to-
day, but the drop was attributed
to excessive production earlier in
the year, rather than to . funda-
mental downward trend. This was
particularly true in the textile,
steel and leather industry.
The Washington times., 1933-11-01
Reduction In TObuccO
Crop For '.S4 Studied

by international Nowg Service
A program for q onetaird re-
d1ction Of the hurley tobacco crop
In 1884 today was under consid
Grafton b. officials Of the Agri.
cultural Adjustment Administers
tion. During q series Of confer,
ences OF growers from Kentucky,
Virginia and Tennessee. and the
AAA, the producers urged that g.
program to sign the reduction
contracts 81 taken to the field Be :
fore December 4, the opening q "a
of the auction markets
The Washington times., 1933-11-01
WOrEd Fair Stages
Encore Of IL DAYS

CHICAGO, Nov. I (IN.5. "A
Century Of Progress Exposition,
originally scheduled to close its
gates last night, began q l2-dag
gencure" engagement today With
daily lectures on science planned
for the extension period An
ArmistiCe Day celebration WI he
the higfilight 8 tns pf0sI
The Washington times., 1933-11-01
Peggy Fears LeGUes
For Tern8 Ync0tiOIl

HOLLYWOOD, Nov. ! UN.S.l. /.
I'm abandoning Hollywood only
temporarily, declared Peggy
Fears, New York stage actress and
producer, en- route today by air.
plane to visit her parents home
IN Dallas. Tex !.
The Washington times., 1933-11-01
.VRGIIVIA P[ Ans
HORSE RAGING

RICHMOND. Va, Nov. I
0N.S0 Legislation to foster
horse racing in Virginia under
strict supervision Is being shaped
for presentation to the next Gen.
eral Assembly, which meets In
January, ID was learned today.
The Washington times., 1933-11-01
20 Police Kidnapped
By Chinese Bandits

HARB1N, Manchuria. Nov. !
u.NS.)-Twenty-nine policemen
stationed near Fushun were kid
mapped today by 100 bandits, &C
cording to reports received here.
The bandits were dressed in
Manchukuon uniforms and car
ried flags Of the puppet state.
They escaped into the mountains
after shooting the chief Of police.