davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

Democratic opponent of Senator
Henry T. Hatfield, another bitter
ender. He is supported by labor.
Senator Henrik Shipstead is
backed to win in Minnesota over
Einar Hoidale, his Democratic
foe, and a less formidable Repub-
lican opponent. He has not de-
clared himself on the radical plat
form of his Farmer Labor party,
and is conducting his campaign
apart from that of Governor Oh
son, who helped write the plat
form.
TNDIANA'S senatorial race seems
Il to be a toss-up. Sherman Min
ton, Democrat, though handi-
capped by the unpopularity of
Governor McNutt, is giving Sena-
tor Arthur Robinson a desperate
fight.
New Jersey is betting that
Governor A. Harry Moore. Demo-
crat, will defeat Senator Hamilton
Kean.
Odds are even in Rhode Island,
where Peter Gerry is trying to
defeat the Republican Hebert to
return to the senate.
Senator Bronson Cuttings stock
is mounting in New Mexico with
Senator Hiram Johnson in the
state making a vigorous fight in
his behalf Voters who support
President Roosevelt are bewildered
by the Democratic fight against
this stanch supporter of most
New Deal doctrines.
Another western liberal, Lynn
]. Frazier. is a slight favorite
over Henry Holt, his Democratic
opponent Labor is for Frazier.
Omitting states where the out
come IS a foregone conclusion,
the dopesters line up the rest Of
the country this way.
Senatorial races in Arizona,
Utah, Maryland. Massachusetts,,
Montana. Nevada, New York,
Tennessee, Wyoming and Wash
ington will go to the Democrats.
Vermont and Connecticut will
60 Republican.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

porations privately informed Sec
rotary Perkins last week that the
volume of their sales for the cur
rent month already exceeds the
total for October, 1888.
A nationally known manufac-
turer of mems readymade cloth
ing has sent word that buying has
been so heavy that his stocks are
nearing exhaustion.
Labor and commerce depart
ment experts concede that a con-
siderable proportion Of this &C
tivity is Of a seasonal character.
But they also attribute a large
percentage of it to the increased
purchasing power of the farmers,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

That is an old fiction which has
been sold to legislators for years.
It is pure bunk. But it is being
trotted out again to scare the
commission. There is some ground
for believing that it has already
scared some Of the exalted poll
ticians who rule our destinies.
The chief peril to adequate reg
ulation of the exchange now is
the possibility that a nod from the
White House may cause the COM
mission to slow up for political
reasons.
But this must be remem-
bered. Whether Wall Street is
governed in the interest of the
people or the interest of Wall
Street will depend on the COM
mission. The original act con-
tanned provisions which would
make it impossible for the COM
mission to be a prevail Street
one. Rules controlling margins,
regulations prohibiting brokers
from gambling for their own &C
count, drastic provisions affecting
pools were in the bill
The Wall Street lobby with the
aid of the United States treasury
department took all these teeth
out of the act. They left the
whole subject up to a commits
sion.
AS for margins, this was left
to the federal reserve board. A
good commission can be trusted
to penetrate the pretensions and
fakes of Wall Street and enforce
sound transactions. But the flu
ture will depend on what kind of
men make up these commissions.
There is no guarantee that they
will not, in the end, fall under the
dominion of the powerful inter-
eStS they are set up to control, as
has happened to our utility COM
MISSIONS our railroad and bank
ing and insurance commissions.
+ Ell us not be too sure, there
l. fore, that Wall Street will not
come back.
To afford us some insurance
against this, however, 1 urge that
the following measures should be
adopted.
/. First of all, the trouble does
not lie just in the stock eXchang-
es. It lies in our whole financial
system, which is ramshackle, I'M
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

MOAlAQ ECb dANtA H.
No word about limiting boosts.
No! We learn little and forget
plenty. I have been reading ex-
tensively lately in the history Of
Athens four hundred years before
Christ. There was a depression
then which paralleled almost all
the factors in this one, including
all the follies. And ending, as
almost all depressions end, in war.
Will the securities and eX-
change act really bring Wall
Street and the exchanges under
control? I think it will have to
be conceded that the personnel of
the present commission is a good
one.
Judge Healy, the able lawyer
who conducted the brilliant power
trust investigation for the federal
trade commission; George Mat
theWs of Wisconsin, an expert
enced practical economist, we'll
versed in blue sky security oper-
ations; James Lands, an able
lawyer who has made a study of
corporate finance; Ferdinand Pc
cora, whose brilliant castigation of
Wall Street speaks for itself.
Joseph P. Kennedy, chairman of
the commission, was Wall Street
man and I opposed his nominal
ton. But he knows Wall Street,
is aware of its sins and has shown
himself to be at least as vigorous
as his colleagues in tanning the
exchange.
He is particularly interested in
forcing corporations to mend their
ways. If this commission is let
alone, I believe it will ultimately
force a comprehensive program Of
reform in the stock markets.
7 SAY if it is let alone. AT pres
i ent, immense pressure is being
applied by the exchange, by bust
ness and by politicians to brighten
it. The commission is being
warned that drastic regulation
will result in Gripping the iSsu-
ance of new securities and block
ing the revival of the capital
goods industries. In my book on
Specula ton, 1 have tried to show
through elaborate studies, that
the stock exchange really does not
perform any function whatever in
producing any new capital funds
for industry.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27


In sheer melodrama, Pennsyl-
vania's contests lead. Governor
Clifford Pinchot, who tried for
the Republican senatorial nomin-
alton and failed to get it, is being
accused of a devious plot to put
him in the senate anyway. He is
denouncing Joseph F. Guffey,
Democratic candidate, and losing
him many votes.
But at the same time he is
denouncing David A. Reed, Re
publican candidate, and promlS-
ing to help the senate committee
on campaign expenditures prove
that Reeds primary expenditures
disqualify him in case he is
elected. He is denouncing the
Democratic candidate for Cover
nor and supporting the Repub-
hcan.
Both parties fear he may
eliminate Guftey at the polls,
Reed at the bar of the senate,
and take the seat himself by ap-
pointment from a Republican
Governor. Even money is being
bet on the race.
In Ohio. odds of 6 to l are being
offered on Vic Donahey, former
Governor. to defeat Senator
Simeon D. FeSs. FeSs is one Of
the few candidates still de-
nouncing the New Deal with I'M
tempered hostility.
CENATOR ROBERT NJ. LA
- TOILETTE is the favorite
in Wisconsin, though he is hav-
ing the fight of his career. John
NJ. Callahan, Democrat. is his
most dangerous opponent, but is
receiving no help from Washing
ton. Callahan's last-minute con-
version to New Deal doctrine.
after publicly denouncing it in
the primaries, has not helped
him.
Arthur H. Vandenberg, who
may be the Republican partyS
nominee for President two years
from now if he retains his Michi-
gan senatorial seat, seems to have
a slight edge over Frank A. Pic
ard. Democrat. The trend, how
ever. is away from Vandenberg.
Senator Couzens, extremely popu-
lar in Michigan, is keeping silent.
In Nebraska, Representative E.
r. Burke. Democrat, is a favorlte
to win. though by a small major
ity. Farm sentiment is turning
against the New Deal. Nebraska S
recent corn-hog poll indicated.
Harry S. Truman is 4-to-1
favorite in Missouri to defeat Sem
ator Roscoe c. Patterson. Pat
terson. like FeSs. still is denounc-
ing Roosevelt policies, and former
Democratic Senator James A.
Reed is helping him. Truman is
a candidate of Boss" Pendergast.
In West Virginia. betting odds
favor Rush D. Holt, 29-year-old
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

tional corporation law compelling
all industries engaged in inter-
state commerce to take out nation
al charters. Thus alone can cor
porate abuses be reached. No
single state can act alone. A
company can incorporate in any
state where it gets the most ia
vorable charter law. That is why
most Of them go to Delaware,
Maryland and other such states.
The national government should
then abolish holding companies
of all kinds. These are the ma
chine guns in the hands Of corpo-
rate promoters. To talk about
individualism while individuals can
arm themselves with the re-
sources of a hundred thousand
men is ridiculous. We have not
nation of equal individuals, but
for millions of individuals and a
few corporate monsters.
WYE must deal with our bank
w ing system. We have done
little about that. The Glass
Steagal bill does not go nearly far
enough. We must have a national
banking system. Here again the
reason is the same. While state
and national systems are COM
peting there can be no adequte
banking protection. Right now our
banking system is defunct, held
up wholly by the federal deposit
insurance fund This, therefore,
is the time to recast it.
Financial institutions should be
rigidly divided into banking and
savings or investment institutions.
Banks should be banks and moth
ing else. They exercise a sovereign
function-the creation Of money,
because all the money we do bust
ness with is created by our banks
through deposit currency. They
must, therefore, be kept rigidly
liquid. This can be done only by
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
EuZnouNh
W'ESIBROOK PEGLER

- him" said Mr. Hjalmar Utzebeck. Upton Sin
clair's enormous friends from Denmark by way OF
Alaska.
Up to this time AIr Sinclair. himself. and three
other imported Calfornans had taken turns eX-
planning their EPIC plan for changing California
government but had made no yards against your
correspondents alert stupidity. They had used
straight old-fashoned power arguments and intri-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
DAILY WASHINGTON
MERRY-GO-ROUND
By Drew Pearson and Robert S. Allen

WASHINGTON Oct. 2A lot Of people
w the labor departments latest
istlcs but it extremely significant showing
marked hiring of workers the retail
A gain of 100000 employees recorded during
September.
These figures confirm numerous unofficial reports of distinct
activity.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Debris Just Piles Up

IT began with 200 calves on farm somewhere and
l. farmer who wanted some lumber for a new
barn. 1t swept on through a sawmill and up the
California hills to an old gravel bunker. Veerng
and reversing, Mr.. Utzebeck knocked over an old
windmill and a water tank and swept on and on,
accommodating debris like roomful of Rotarians
singing "Old Macdonald Had Farm
Chickens. parsnips, leather vests from the hides
Of the 200 calves lumber, veal stew, old iron and
bolts and nuts from the dismantled bunker and
windmill filed the room.
Suddenly, Mr.. Utzebeck stopped. The air was
clear and still. The unemployed lumbermen
eating veal stew in leather vests. The farmer was
milking COW out behind his new barn and the
windmill was going around and around a
site
Always, in Mr.. Utzebeck's illustrations Of the
EPIC plan there were wheels of one kind or an
other going around and around
Mahatma Sinclair smiled serenely and led the way
back to his bedroom. Mr. Utzebeck did not follow
Immediately. Mr. Sinclair lay down again.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
BY JOHN T. FLYNN
lCopyught. 1894. NEA Service. me-

27-What future Of Wall Street?
~ any Men
of the old Street
with the first real lift business
than have been peeng
obscure and murky
thing suppose have learned their
from further similar disasters
sadly mistaken.
down in the most complete collapse
months these chasned people were IN
built initiation and the return OF
options children fresh
Wall Street And cracked on
n a almost bad as Oct % 1929
bull market in progress every
White House down 1t was only when
The AAA administrator too
keep
them up Senator Thomas the Exchange
declines single day
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
NATURE STUDY GROUP
TO HEAR TRAVEL TALKS
Nova Scotia, Hawaii and Jamaica
to Be Topics Tonight.

Illustrated talks on trips taken all
summer Will be given by three Ma
ture Study Club members to-
night in Cropsey hall. city library.
Mrs. ]. w. Noble will tell Of Nova
Scotia. Miss Mildred Vincent of Ha-
waii and Miss Norma Koch Of ia
maica.
The club will hold its annual Hal
loween party Tuesday night at the
Women's Department Club. Will
liam Knox is in charge Of reSer-
yationS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
Tears Apart Jail Bars

"WOU know" he said "Hjalmar is a great writer
He has great story. He was up in Alaska
one winter, broke and hungry and night he
broke into a grocery store and stole a can of to-
matoes. They arrested him and he got a year in
jail.
He lay there while, but night he tore the
bars out of his window and away. He down
the coast and every so often he would come to a
mountain He would climb the mountain and swim
river and climb another mountain. And so no.
until, at last he reached Seattle.
In Seattle he went sraight to his fancee and
asked her to marry him But the lady refused to
marry him until he returned to Alaska to serve out
his sentence and clear his honor So he did. 1t is
really a wonderful story"
Copyright 1884 by United Feature Syndicate Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

ton Of profit and the substitution Of production for
use in California.
Let me explain in language which he Will UNDER
stand" said Mr.. Utzebeck. and Mr.. Sinclair. lying
on the bed, let Hjalmar get on with the spinning.
Mr.. Utzebeck is built the lines of a heavy
weight wrestler. He would and he may yet be
great man on the rampartS. His shoulders are
ten-minutes walk from arm to arm and his hands
were made for throwing paving blocks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

TO make here and now fundamental changes Iead-ng
to a more balanced economic stability
II was held By many that q preoccupation with
readjustment was impeachment TO recovery. Ihls
school OF thought from all present appearances, has
won the day As business picks up you Will hear
less and less about unemployment insurance, old
age pensions and other social measures.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
THE NATIONAL ROUNDUP
By Ruth Finney

WASHINGTON
w betting
on O candidates. This the they line
spotlight
contests Of California to favoite to
The
than Republican
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

w -IINLE d-dII6L EIIDII ]. 10
cOvery is that he has left behind
him the man who was supposed
20 be his pal and travelling COM
panion I refer. Of course. TO
Roger x. Rcadiustment. Indeed,
there is room for a grave suspi-
cl0n that Recovery has done away
With ReadJustment in some foul
manner and hidden the BODY.
For more than a year our news
papers and magazines have been
dealing with the problem as TO
whether the vital concern Of the
country should be to secure some
measure Of immediate prosperity
or whether it might not be wiser
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

at the line Of scrimmage by the
simple fact that they were argu-
ing for Socialism.
In fact. the triple-crash man
from Los Angeles who had failed
in banking and the movie bust
ness and was now going down hill
fast in the come-apart bungalow
business, had lost a few yards
when he tripped over his premise
and sprawled on his conclusion.
L am a capitalist" he had said
and your correspondent had
Smeared him in his tracks with
Mahatma Sinclair's own admis-
sion that the goal Of the EPIC
team was the complete oblitera-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

Uncle sam
T. : o ST. on
Gu Five
II he Of
he
0
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27

There is a constant flow of water
in the Bosphorous, eighteen-mile
historic strait connecting the Black
Sea with the Sea Of Marmora, but
for some strange reason it flows in
both directions at the same time.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
ROTARY CLUB WILL
INSTALL NEW HEADS
E. R. HiSey to Take Over
Presidency Tuesday.

Newly elected officers of the In
dianapolis Rotary Club will be in
stalled at the meeting at the Clay
pool meeting Tuesday.
Edwin R. Hisey will be club presi-
dent for the coming year; Omar S.
Hunt, first vice-president; Ray F.
Crom, second vice-president; Hal
E. Howe, secretary; Walker w.
Winslow, treasurer, and Audley S.
Durham, sergeant-at-arms.
Mr.. Hisey announced today that
Winston O'Keefe will entertain club
members at the meeting Tuesday
with program of cowboy songs
and stories.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-27
II Seems hM
BY
Haywood BROUN

I THINK that I have seen the polished patent
Il leather toe OF recovery coming around that cor
ner where he has 50 long been hiding The old
gentleman was not running or even walking brskly.
He was ambing. Nevertheless it seemed 70 me as #
he had made up his mind TO come home in the hope
that everything would be forgiven.
I him here and now not 70 knock at my
door. There is no lamp the window Of my apart
meut and Old Man Recovery will find edible fat
ted calf around these premises.
The Washington times., 1934-01-13
CRASH KILL s
PEDESTRIAN

Walking at Nineteenth and M
Streets Northwest this morning,
Jessie M. Townsend, 10, Of the
1000 block New Hampshire Ave-
nue. Northwest, was killed in
stan1y when two cars crashed at
the intersection. one Of them skid.
ding across the curb and knock
ing her down. -. .,
~ Clarence S. Ross, s., of the 100
block Maple Avenue. Takoma
Park. and Walter H. Beard, ii, of
the 5000 block Twelfth Street
Northeast. drivers OF the cars,
were taken to No. 3 police precinct
for questioning.
According to police, Ross was
travelling south on Nineteenth
Street and Beard was going east
on M Street when they crashed
head on. Due to the slippery
streets, Ross car skidded over the
curb and struck the woman, frac-
turing her skull as she was
knocked to the pavement.
The Washington times., 1934-01-13
Court Reveals Fay's
Phone Chats With Leon

NEW YORK, Jan. 13 UNs0.
Filing of a divorce action by
2udy Vallee, grooming orchestra
leader, against Fay Webb Vallee
today was anticipated by Broad
way in the wake Of action by
the Supreme Court, Appellate
Division, in denying Mrs. Vallee's
petition for an injunction re-
straining the singer from seeking
q Mexican divorce.
Although friends of Vallee have
declined to discuss the case for
publication. privately expressed
opinion was that the crooner,
despite his denial, would move for
q divorce as soon as the pending
separate maintenance suit lodged
against Vallee in California is dis
posed Of.
Revealing intimate details Of
Fay's alleged friendship with
Garfield CGary") Leon, football
player turned adagio dancer.
Vallee's answer to the injunction
suit was made public by the
court, and the document sent a
Spasm of excitement and tongue
clacking through the theatrical
sector.
Record of Phone Calls
Not the least dramatic portion
Of Vallee's affidavit, ordered
CONTINUED on Page S, Col. y
The Washington times., 1934-01-13

Their cause lost in the House
with passage last night of the
independent offices supply bill,
Federal employees turned their
eyes toward the Senate today
for hope of obtaining more than
a per cent salary restoration.
The vote passing the supply
bill was 240 to 141, and far
heavier than the test vote Of
Friday.
Under economy measures Of the
bill, which will be the same in
later supply bills, and under the
rules cannot be changed this ses-
sion, employees will have one-third
of the IS per cent salary slash re-
stored July /. During the six
months following the President Is
authorized to restore as much
more as he feels living costs
justify.
Officers Of the Army, Navy and
Marine Corps promoted to grades
carrying greater responsibility are
The Washington times., 1934-01-13
Statement on Gold
Sends Dollar DOIUn

NEW YORK, Jan. 13 G.N.S).
The dollar declined today on re-
ports that the President believed
he had the power to impound the
gold held by the Federal Reserve
System. There was no change in
the reconstruction Finance Cor
poration's gold price of $34.06
established on December 18, the
official indicated value of 60.68
cents compared with $3.50 cents
in terms of the London gold
value and $3.50 cents in terms of
the French franc. British pounds
sterling advanced ~ cents to
$5.O934,
The Washington times., 1934-01-13
ASSIGNED
To MOSCOW
BY International News Service

ny UNCONVENTIONAL news service
The United States is sending an
Army aviation expert to Moscow
as assistant military attache, it
was announced at the War Depart
ment today. Lieut.. Thomas D.
White, whose home is in Spring
field, Ill.,, has been assigned to
the American embassy at Moscow
White, now attached to the Air
Corps at Boiling Field, has been
ordered relieved from duty there
and assigned to the office of the
assistant chief of staff of military
intelligence for a short period of
training before departure for Mos
COW.
He was born in Walker, Mimi,
but his family later moved to
Springfield. He was graduated
from the Military Academy July
2, 1920, and was commissioned
second lieutenant of infantry. He
was promoted to first lieutenant
August "a, 1925, and transferred
to the Air Corps in March, 1927.
He served in China in 1881 and is
an expert linguist.
Major Philip r. Faymonville,
now attached to the Army War
Colledge, probably will be
appointed military attache. Major
Faymonville now is in the ord
nance department. He is a native
of San Francisco.
The Washington times., 1934-01-13
POLICE IN PERIL
ONFAkE CALL

Headquarters detectives had
narrow escapes from injury in
speeding to what proved to be
a false telephone call about a
bank holdup at Second Street
and Pennsylvania Avenue South
east, shortly after noon today.
An anonymous telephone call
was received at headquarters,
stating that the bank had just
been held up. The detectives
piled in a heavy headquarters
car and started speeding to the
scene, the siren screaming.
With wet streets they Skidded
several times, narrowly escaping
overturning, only to arrive and
find that all banks in the
neighborhood knew nothing of a
holdup.
The Washington times., 1934-01-13
'|AN|NNOCENT,' }
AYERS LEON

SANTA MONICA, Cal, Jan.
13 N.N.SD.-"There never has
been any misconduct between
Mrs. Vallee and myself"
Garfield Leon, known on the
stage as Gary Leon, made that
assertion today following publ,
cation of Rudy vallee's answer
to Mrs. Vallee's injunction suit
in New York that revealed alleged
intimate details of a friendship
between Fay and Leon.
Located with his bride of q
month in their honeymoon
home" near the ocean a short
distance from the home of Fay'S
parents, Police Chief and Mrs.
C. E. Webb Leon declared:
'T am innocent of all charges
involving Mrs. ValIee and my.
self Anyone who makes the
statement there has been mis-
conduct between us is guilty
of a deliberate falsehOOd.