davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Deaths

Charles Campbell 50. 1888 Northern,
apoplexy
Stella May o. city hospital, general
= Mary Hughes. So, city hospital, per-
Ross Smith, 81, 1871 West McCarty pull
" Ella Reagan gsi e. 1e48 Central. hypo-
Charels Chrfsty, 4s Long hospital,
Dora ora E 'F Toad, rs, 5000 North Capitol,
acute cardiac dilatation.
Julia Duff 81, 1915 North New Jersey,
cerebral hemorrhage.
Gertrude Mooney, 48, city hospital,
diabetes mellitus.
Aafke Posthumus. ST, St vincents hos
pital, pulmonary tuberculosis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
The City
in Brief
SATURDAY EVENTS


Alliance Franchise luncheon, wash
ington.
Sigma Alpha Epsilon. luncheon. Co
lumbia Club
Formation OF the Inter City Pub
lie Relations bureau is announced
today by F. Philip Delks. president,
and local publicity writer. Offices
Of the company are at 5l5--8
Lemcke building and a branch Of
flee is maintained in New York.
Change of venue was granted
Thursday to Richard Rogers, under
indictment for assault and battery
with intent to rob growing out of
the slayings of Omer Breeder.
Thomas E. Garvin will hear the
case instead of Criminal Judge
Frank P. Baker.
Ten fnalists of 697 high school
seniors who competed earlier this
year in preliminaries, were to meet
today and Saturday at the Indi-
annapolis Athletic club for eXamina-
tons in the 1888 scholarship contest,
sponsored by the Grain Dealers Ma
tlonal Mutual Fire Insurance Com
pany.
Raiding the restaurant of Frank
Vanoff at 1912 North Senate ave-
nue., Sergeant Ed Kruse and squad
Thursday arrested Vanoff on
charges of operating a gift enter
prise and Herbert Jackson, Negro,
1439 North New Jersey street. on
charges of gaming. Forty-two books
Of baseball pool tickets were seized
Wound on the third finger of his
right hand was incurred Thursday
night by William Enoch. 81. of 946
Paca street when he was bitten by
a police dog, owned by Mrs. Jose
Herring, 731 Paca street.
Southport lodge, No. 21O, Free
and Accepted MasonS. will close
initiatory work Saturday night with
comforting of the Master Mason de-
gree at 7 in the temple at South
port. Elmer E. Houze, worshipful
master, will preside. All Master
NGasons are invited.
Frank Kurrasch, 431 Ketchum
street, was treated at city hospital
Thursday night for injuries he told
police were inflicted when a Negro
attacked him KurraSch would give
no explanation beyond statement
he had some trouble with the
Negro.
South side children will be en-
tertained with a free show at the
Oriental theater at $50 a. m. Sat-
urday under sponsorship of the po-
lice accident prevention bureau
Members Of the school safety pa
trolls will be guests of the Lyric
theater management at 10 Saturday
morning.
Two indianapolis OSteOpathic
physicians, Drs Floyd E. Magee, sos
Odd Fellow building, and Kate Will
liams, SOB State Life building, have
received programs for the conven-
ton July "a at Milwaukee of the
American Society of Osteopathic
Internists, of which they are mem
bers.
Ladies' camp of Marion camp,
No. 1858, Modern Woodmen of
America, will hold a benefit card
party Sunday night at in the hall,
322 East New York street, A supper
will be served
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
TOLEDO CASH GRAIN

in 79eHR9 NAY Transit Shs RaR sn
2 red 82l2 Q83i2c; No. red, l cent pre-
MUM. Corn-No; 2 yellow. 48@49c. Oats
NO. white. 29M29c. Rye-No. g. GOA
Sic. Track prices. 28lac rate Wheat
No l red. 1872 @79l2c; No red. 77la0
78l2c. Corn-No. 2 yellow. 4312 a 44l2c:
No. yellow. 4212M4312c. Oats-No 2
white. 2412@26c: No. 8 white, 24Q25i2c.
Toledo seed close: Clover--Cash. $3.50;
october. $50: Alsike-Cash. $3.50;
August. $3.50 Toledo produce close: But
tre-Fancv creamery. Csc Eggs-Extras.
lie. HaY-TimothE per cMt.. Zoe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
ST. LOUIS CASH GRAIN

bD CWIltU FTbSS
ST. LOUIS May 25.-Cash grain Wheat
In fair demand, 1l2c lower; No red,
7ga2c No, 2 red. 1914 to 79c: No. red.
musty; hard grades lee lower; No 2
hard, Tic weevilly; No: 2 mixed, 7lhc
hard Gorn.oIn fair demand, lao 21ac
asa 43l2c, No yellow 41126421ac. oats
In fair demand, &c lower; No. 3 white,
2424c No. white 2334c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
PLUMBING Permits

lures
c. A johnson. corner Roach and Hard
F. H. Harding 2lss South East. four
x Y. stahl Company. 4s Frank. four
John Anderson. $50 College. four FIX
J. W. Harren 1889 Hoefgen. four tx
t,.reSr
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Other Livestock
BY UNITED PRESS

LAFAYETTE, Ind, May 26-Hogs-
Steady: 25o3OO lbs, $3.50; 30O-325 lbs
480 225-250 lbs. s435 200-225 lbs. 81 80,
$50 lbs. $3.50; 10O-I30 lbs 81 10: roughs
S425 down. Calves-Steady; top. s4
Clipped lambs. S.: spring lambs. S.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Chicago Futures RANGE
CHICAGO CASH GRAIN
BIZ United Press

CHICAGO, Nav 25.-Cash grain: Wheat
No. hard, Tic No. 2 hard 70i4c Corn
No; 2 mixed 43c; No; 3, mixed 4194c;
SAC; No. ? yellow. old 4414c; No. 3 vel
low, 4l1a@42Ac;. No. 8 yellow old. 43c;
No. No. y yei0W 4o ga Ho NO. oe9" White fie
4424c: No white. 4324c; sample grade.
22G27c. Oats-No 2 white. 2424d25c; No.
Rve-No. l, SOC; No. 2. soc. Barley-300
SIC: -Timothy-S2. 25d2. 60 Clover-s725
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Produce Markets

Delivered in indianapolis prices: Hens
heavy breeds over Az lbs. 1Oc; Leghorns.
&C. Broilers: Colored Springers. to 21a
lbs. TIC: 112 to 2 lbs. 14c: Springs LEG
horn IL lbs. up. 13c; Barebacks. 7c:
Cox and stays. &c; Legnorn cox and Leg
horn stays. SC. Ducks. large white fun
feathered and fat: over 4 lbs. 4c small
and colored. &c. Geese. full feathered and
fat. &c, Young Guineas. zoe. old Guineas
l5c. Eggs-No. ! fresh country run eggs
&c. Pullet eggs &c. Each full, egg case
l0c per. lb for each ID. under SIS lbs
gross will be made. Butterfat Ice: No.
butter 21@22c.. These prices are for
healthy stock free from feed no sick
poultry accepted. Quoted by the Wadley
COMPANY.
BY UNITED PRESS
CHICAGO. Nav 26.-Eggs- Market un-
settled; prices nc lower; receipts 80, 656
I2c; current. receipts. lOiac; dirties, 9i2c
loc. lower; receipts. 19 500 tubs: specials,
81 n 21l2c: extras 201ac: extra firsts 2OG
20i4c: frsts 1914 a 1994c: seconds l3l2M
l9c; standards 2lc. Poultry-Market
weak; receipts. 80 turkeys fowls 12dl2i5c:
springers 14d16c: Leghorns. 10c: ducks,
7Q9l2c. geese. &c; turkeys 10Gl2c;
ROSTERS. 8 &C; broilers. ia zoe stays. lie.
Cheese-Twins. 13d1314c: longhorns. l2l2
Ml334c, Potatoes-On track III: arrivals
81; shipments. us: market steady to
slightly stronger; wisconsin sacked round
Sl.65dl.75 Louisiana sacked Bliss Tri-
umphs, s1.70a185; Alabama sacked Bliss
TriUmphs 81 60M1.75
North oxford street
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
BULLISH NEWS
REPORTS SEND
STOCKS HIGHER
Many Industrial Lines Make
Best Showing in
3 Years.
Average Stock Prices

AVERAGE Of thirty industrials for Thurs.
dav. high 854s. low 81 10 last 90 49, OF
30 Average Of twenty rails 4l42. 80 10
% q. 5sii 2552 Of 10 "e' Ayer rssia''e q
forty bonds 81 g. 10 49, Average OF ter
hrst rails 1892 up d. Average OF ter
second rails 60 H. I'd 80. Average OF ter
utilities. 9o.7a up 10 Average Of ter
industrlals az 80 M az
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
In the Cotton Markets
CHICAGO
Bright Spots
Bv United Press

Bv United Press
Chicago, Rock Island & Pacific
railroad reports April net income of
S273. sos, against S222,166 in April,
1922
American Austin Car Company
increases its hourly rate Is per
cent and announces increase of
SIS a car in retail prices.
Clark. ChildS & Keech. Stock EX-
change firm, votes extra weeks SAL
airy to all employees
Ann Arbor railroad reports April
net operating income of S11.202
against s1l,179 in April last year,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26

A water shortage on $4,000 acres
of Nebraska farm land was caused
last fall, when pocket gophers bur-
rowed into the bank Of an irrigation
canal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Liberty Bonds
Daily Price Index

By United Press
NEW YORK, May 25.-Dun &
Bradstreet's daily weighted price
index of thirty basic commodities,
compiled for United Press:
G93O-la32 average 1nnl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
NEW DEALERS NAMED
Hoosier Refrigerator Co. to Handle
G. E. Products.

U, Z, PT0uucIS.
The Hoosier Electric Refrigerator
Company, 943 North Meridian
street, has been appointed Local
dealers of the air conditioning de-
partment of the General Electric
Company, according to an an
nouncement made today
The new distributors will handle
a complete line Of G. E. air condi-
tioning equipment, including the oil
furnaces.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
INDIANA STOCKS
AND BONDS

The following quotations do not repre-
sent actual bids on offerings but merely
indicate the approximate market Level
based on buying and selling inquiries OF
recent transactions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26

In the olden days of Italy.
tarantulas were numerous, and
many persons were bitten. The
accepted remedy was to dance fast
and furiously, thus allowing the
poisons to escape through the
pores Of the skin.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
INDIANAPOLIS WAGON WHEAT

Cy gram 6f ee Tsd are pa Payne ~ ~ cents qd
No. 2 hard wheat: other grades on their
merits
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Chicago Primary Receipts

May Is
Wheat .I.................. so, 00(
Corn ....,................ 679. 00C
Oats ACKNOWLEDGEMENTS. BAG, 0Ot
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
BY ELMER c. Waller
United Press Financial Editor

NEW YORK, May 26.-Stocks re-
sumed their advance at the opening
today in moderately active turnover.
Commodities also turned upward,
despite an advance in the American
dollar.
Improvement in many lines Of
business and reduction in the New
York federal reserve bank rediscount
rate from 3 to 2la per cent were
stimulants for buying.
Best in Three Years
The Dun & Bradstreet weekly re-
view found reports covering most
lines of production and distribution
the best in three years; employment
up with more jobs available than in
any one week in two years; and
indication of further gains now that
the credit expansion program is
functioning.
Alcohol shares, Thursdays favor
ties, made further gains in early
trading today. National Distillers
opened unchanged at its record high
of CAS- and then moved up toward
&c.
wet" Group Gains
Others of the so-called wet"
group made small gains Steel
shares were firm with U. S. Steel up
p at 494 Republic and Bethlehem
were higher Automobile shares
were fractionally higher. Rails con-
tinued in demand. Utilities and oils
were steady. Coppers made small
gains.
American Telephone opened at
Ill, up = and rose to HE, while
American Can vas at 1874, up l.;
Allied Chemical lO4, up l. Steel
common moved up toward So
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
SANTOS
CHICAGO FRUIT MARKET

By Jnlted Press
-, CHICAGO MAY IS. - Apples-Ilinois
willow Twigs, bushel sl25; Michigan
spies; bushel Sl25@13 Baldwins. BUSH
e. Slg Is. Onion Market-Texas: CrVs-
tai tai. White Waxed bushel. 90cd110: yell
Commercial. husheI Qnc n IN
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26

The victim sometimes worked
himself into such a frenzy that
he would wear out several part
ners before finally dropping to
the floor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26

Next: Does a marmot breathe
during its winter sleep?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
Bank CIearingS
INDIANAPOLIS STATEMEN'
TREASURY STATEMENT

Net Balance for Nav ....... S349 .257. $50 g.
Expenditures ............... 1850 $40 83
Customs reefs mo. to date. 1875 7l3 80
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-05-26
NEW YORK COFFEE FUTURES

May rs
RIO
Evening star., 1933-04-08
MANY UNUSUAL COINS
ARE BROUGHT TO LIGHT
Presidents Order Brings Return of
Over $3.50, ,oo0, 900 in Gold
in Short Time.

Special Dispatch to The Star.
NEW YORK, April 8.-when Roose-
velt issued an executive order setting
May l as the deadline for the return
OF all gold coin and gold certificates to
che Government, it was the climax Of a
patriotic appeal which thus far has
resulted in the return of more than
$3.50, 100000 and has brought to light
many unusual coins as well as incidents
connected with the history Of coinage.
To the amazement of many persons,
the coins for which patriotic Americans
dug down into safe deposit boxes and
trinket caches frequently were not the
conventional eagles, half eagles and
double eagles Of circulation. Some
times they were such rarities as gold So
pieces, gold dollars and gold 25-cent
pieces.
Sometimes they were worth more
than the amount stamped on the face.
The value of California quarter-dol-
lar which came to light was estimated
as SIS. The California slug" an octa-
gon shaped $50 piece, has sold for as
much as $1,000. 1t is recorded that a
collector at one time offered $75,000 for
the double eagle of 1849, of which only
single specimen was made in gold.
At the same time, an example of very
early coinage may bring practically no
premium. Values are mysteriously ar
rived at by the numismatist and price
brought for particular coin IS no
guide for the amateur, since it may re-
veal only the whim of the collector.
It is a curious fact that not all of
the gold returned to the banks was of
Government coinage-that part of it
was privately coined. Georgia, Cali
fornia, North Carolina and Utah, for
instance, all had private gold coinage.
Evening star., 1933-04-08
Washington Produce
WHOLESALE PRICES.

Butter-One-pound prints (s3 score).
%: tub. 81; one-pound prints (92
score), 21: tub, 20; one-pound prints
(91 score), 20; tub, 19; one-pound
prints 600 score). 19; tub, 18.
Eggs-Hennery, white, IL; current
receipts, 11a11h; Government graded,
extras, 201a; standards, IT; mediums.
151s.
Poultry. alive-Turkeys. hens. young,
16a20; old, 12al4: toms, 13al4; old
8a10; chickens. hens, 13a14; Leghorn
hens. 10; roosters, Sat; Plymouth
Rocks, broilers, 20a21; Leghorn, broilers.
18; fryers, 17a19; roasters, 17a19; mixed
colored chickens. Halls; keats, young.
25a40; old, 15a20; capons, Is; slips, ID.
Poultry, dressed - Turkeys. hens
young, 19a23; old. 15a17; toms. young.
16a17; old. 1la13; chickens, hens. 16:
Leghorn hens, 13; roasters, 9a10;
Plymouth Rocks, broilers, 23a24; Leg
horn, broilers, 21; fryers. 20a21;
roasters, 20a22; mixed colored chickens,
17a19; keats. young, 28a43; old, 18a23;
capons, %: slips. 81.
Meats-Beef, 10; veal, IL; lamb, IL:
pork loins, IL; fresh hams, ~; smoked
hams, 13; strip bacon, 13; lard, 7la;
compound, z.
Fruits-Grapes, Argentina, 3.50a4 90;
strawberries, 5.00a7O0; oranges 2.5oa
400; lemons, 400a450; grapefruit,
1.50a2.50; lines, per 100. 200; tan
gerines, 200a2.50; bananas, 1.50a2.75;
peaches, 1.50; apples, fancy box stock,
1.50a225; nectarines, Its: honeydews,
200a250: pineapples, 400a4.50; rhubarb.
IS; alligator pears, 3.50a4.50; pears. box,
2.5Oa3.00.
Vegetables Potatoes. Maine, 1.25:
New York. LILO: Florida, new. barrels.
4.50a4.75; Idaho bakers, 1.75a2.00;
sweets, 60a75; cabbage, new, coal 90;
turnips, IS: parsnips, l.25a1 so; celery,
2.50a2.75; lettuce, Iceberg. 500; string
beans, 1.75a22 rs; limas, 3.5Oa4.oo: shelled
limas, quarts, IS; eggplant, 1.00a2.0o;
tomatoes repacks, Span, LOCAL so; lugs,
Its; caulif1ower, 1.60a1.75: peas.
crates, 400; carrots, crates. 1.15a1 IS;
beets, crates, 1.15a1.50; okra. pan, IS;
asparagus. l.o0a3.50; spinach. GOATS;
kale, 30a40; Spring onions, per 100
punches, 100; radishes, bushel basket,
100: squash, white, 2.00a2 SO; yellow,
zoo: satisfy. per dozen punches, 60.
Evening star., 1933-04-08
WORLD STOCK PRICES
ABOVE LOW POINTS
Passing of Record Declines Is Con.
sidered Sign That Reconstruc-
tion Period Has Arrived.
Special Dispatch to The Star.

6peCldl OlSpdtCn 70 4nc OtdI.
NEW YORK, April 8.-What has
been the impartial and cold-blooded
verdict of world markets over the
longer period after four years Of de-
preston?
The bear market low in Berlin was
made in April, 1892. In London and
in Paris the low points were reached
in May, 1882. In Amsterdam it was
June and in New York 1t was July of
last year when securities sold at their
lowest prices. From these levels there
was recovery, which reached its peak
temporarily in New York in Septem-
Der, 1882; In Paris and in Amsterdam,
in December; in London, in January,
1888, and, 'mirable dictu," in Berlin,
in March
It will be observed that as it stands
today prices in Berlin are nearer to
their best on the recovery than any,
where else. 1t will be noticed, also, that
the low point was reached In Berlin
before it was anywhere else in the
world and the last to yield was New
York. It will not do to press the
analogy too far. The fact remains.
however, that If the general level of
security prices the world over means
anything, it is that the worst of the
depression is past and that the recon-
struction period has been entered.
Copyright, 1880
Evening star., 1933-04-08
$40, 600, 900 UTILITY
PLANNED IN WEST
Los Angeles to Lead in Water
Service 0utlays During
Present Year.

Special Dispatch to The Star.
LOS ANGELES, April 8.-The Far
West plans to spend more than $40,-
000, 900 in 1888 in the development of
municipal water systems, the Bank Of
America announced today. OF this total
Los Angeles will expend $17,6o0, 900 over
the next nine months in starting the
$3.50 00o. 900 aqueduct to obtain water
from the Colorado river.
AS an indication Of the quantity or
materials required in the collective pro-
gram, Southern California Is calling
for 100000 barrels of cement, 41,000,-
600 pounds of explosives, $4,000, 900
pounds of copper and 100000 tons OF
steel.
A number of the projects have en-
listed the aid of the Reconstruction
Finance Corporation. Outstanding prof.
ects of 1888 include: enver, diversion
tunnels to carry water from the
west to the east slope Of the Rocky
mountains and temporary improve
ments, $2,225,0 900; Seattle, reconstruc-
ton Of pipe lines, ETC., $780, 900; Oak
land, general betterments, $1,660 900;
San Diego, completion of Ell Captain
system, $2,350,000; Tacoma, WASH,
supply lines, $500. 900; Pasadena,
Calf. completion Of San Gabriel prof.
ect, $6,000,000, and San Francisco,
completion of the $105 5,000,0 Hetch-
Hetchy municipal system, $5,000,000.
Evening star., 1933-04-08
Brokers' Comment

NEW YORK. April 8.-Some brokers
today were mildly optimistic regarding
the outlook of the stock market. Others
await more definite indications before
committing themselves.
Thomson & McKinnon.-while the
stock market continues to find it difi-
cult to sustain rallies. developments
yesterday IN the relative strength Of
bonds have made for greater hopeful
ness that interest and confidence IN
stocks may improve at no far distant
date.
Hornblower & Weeks.-Renewed spec
ulative interest in many low-priced Is
sues which heretofore have remained
dormant, is not without its ENCOURAGING
aspect, implying, as it does, a revival
of sponsorship which the market has
heretofore lacked.
Hamershlag, Borg g. Co.-The posi-
bility of higher prices is apt to depend
on the behavior Of rail groups, which
should be carefully watched.
James E. Bennett & Cove remain
friendly to the market ON all soft spots.
Frazier Jelke & Co.-By absorbing
profit taking sales with little dificulty
the market prepared itself to respond
to any resumption of infiationary in
fluences.
jackson Bros, Boesel & Co.-Al-
though imitation theories are dominat-
ing the commodity and security mar
kets. actual occurrences in money chan
nels continue strictly along defiationary
lines.
Baar, Coeh & Cove continue to
favor the bull side. Psychology is i'm
proving.
Shields & Co.-There still is no sign
that trading policy should be ad-
hered to-.
Evening star., 1933-04-08
Special Dispatch to The Star.


NEW YORK, April 8.-To con-
fused and crushed bondholder, whose
long-paid interest suddenly goes to
default, his coupon returned stamped
mo funds" the announcement that
protective committee" has been formed
to look after his welfare frequently
seems way out of his dkf1Aoulties. Just
as often it proves to be only another
complication. AS months pass with no
apparent improvement In his status,
his suspicion of the altruistic motives OF
the committee increases.
With so many different kinds of
bonds now in default, not only as to
interest, but as to principal, the bond
holder is besieged with requests to join
organizations quickly created for the
purpose of recovering as much of the
assets of the bankrupt concern as are
in sight. Some of these have a per-
sonnel that compels respect; others,
one whose motives are not altogether
unselfish. Their members do not Gus
tomarily work for the Joy Of helping
out their brothers In trouble. 1t fire.
quently happens that, along with fees
for receivers and committeeman, the
resources Of property are rapidly
diSSipated.
Racket" in Chicago.
In Chicago the protective commit
tee" has become notorious racket"
IN connection with defaulted real estate
mortgages. Inasmuch as there are
other money centers In the country
where the number of real estate de-
faults Is on the increase, there is danger
that unscrupulous individuals may, as
in the past, take advantage Of the be-
wildered and unorganized bondholder
and extract from him nearly all Of the
equity of properties to which he has a
prior claim.
It is customary for committees
to require of depositing bondholders
that they pay fee ranging from III
per cent to per cent, or from SIS to
$50 for each $1,000 bond, to cover the
expenses of the committee, including
compensation for its members. This
percentage, however, represents only a
small portion of the "cut" that eventu-
ally is taken in various forms and by
which the original equity of the bond
holder is substantially diminished.
One of the most serious Of the mani
fold forms of financial trouble in the
greater New York district has to do
with guaranteed real estate mortgages,
on which there is at present practical