davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Other Livestock
By United Press

CHICAGO. Sept. -Hogs-Receipts,
lbs S72O@735, top s735; 10000 lbs
s6 500 20: light lights, s5.75@ s So good
RS S9 2I PasSokP ing S 90od s5d cb6se
SIS 5Om so; light weight, 10000 lbs good
and choice. s6.4od7.25: medium weights.
29o2SO 9 good na chq bs on9 ana
choice s7G73o; packing sows: 275-55O
lbs medium and choice. s55o@6 IS;
sbog6 PIGS looiSo lbs good an
commercial, 300 government; calves. 1000
commercial. 800 government; strictly good
and choice fed steers and .yearlings
ruling 10 to IS cents higher: top 5000
several loads S10.25m 10. so; in between
grade fed steers mostly steady. but COM
mon killers and general in between heifers
weak to 25c lower; other killing classes
mostly steady; practical top weighty sau-
sage bulls. So 40 vealers. SO down; slaugh-
ter cattle and yealers; steers tee $4,000 6 Ips
good and choice, S675M1 so: 1,I00l 300
lbs. good and choice. s7.25M II 90; 1900
500 500 lbs good and choice $8@ u u 7s 80
heifers, 550-750 lbs. good and choice
$5.500s5o; common and medium. s275M
medium. 81 75m so; low cutter and cut
ter. Sl.75d2.75. bulls lyearlings excluded
good beef. S3.250 rs: cutter common
and medium, 81 5Od $40: vealers, good and
and common, s44 5: stocker and feeder
cattle. steers 55o-l,050 lbs. good and
choice s4.25@5.75; common and medium
s275N425 Sheep-Receipts. TO- coo: lambs
active, firm TO l5c and more higher: ma
tiyes. s6.75G6. 90 early: best held s7@7 10:
doubles choice range lambs. s675; native
Slaughter sheep and lambs lambs 90 lbs. down
good and choice. So. 4017l0 common and
medium. s525Q6.5O; ewes. 90-15O lbs.
good and choice. sl75d275: all weights
common and medium 81 50d215: feeding
lambs. 5075 lbs. good and choice. s5.50d
TT. WAYNE. Sept. 2o-Hogs Sc to ?5c
200 lbs. $3.50; 1so-lso lbs. IS so: 300
calves. 50: lambs. $3.50.
LAFAYETTE. Ind. Sept. 2o.-Hogs-
los: 10000 lbs ss80a6 80. jso-iso lbs
$50 81 So l'Psp 25 TBS Is: s575S q So 52'
us lbs. 50 .5od 375; roughs. Sc down; top
,o,,,s,,r, By Times spseian ..,. -
mercial: 425: market slow. about steady
with Wednesdays loss. bulk, common to
medium. steers and heifers salable. $40
$3.50 or less; BULK beef cows. s225a 8.
Low, cutters and cutters, sla2 sausage
DAllS IN narrow QcmhuCs extreme Top.
50 rs: bulk $3.50 down. most desirable
Hereford stock calves s450d5; common
TO medium grade natives. 81 5Od3 so.
calves. commercial 500 including around
200 stock calves; market steady: bulk bet
ter yealers. S5d650. medium and lower
grades. $50 down. HogS-Receipts $50.
market. l0G Csc lower: most loss on
weights from $50 lbs. down; top and
bulk, 1928 lbs, S. go: 2so lbs. up 50. IS;
lso-iso lbs; .se-o5: l4o-l55 lbs. $ S.; 100
ceipts. $50: steady: bulk better lambs IS
d6.25: choice eligible higher. bucks most
" IS; throwouts $3.50: desirable fat
slaughter ewes, 81 5on225: better stock
ewes salable mostly s5ds so per head
Receipts Wednesday cattle. commercial
464. government. none; calves commercial
252: hogs. e27: sheep $50: shipments
Wednesday. cattle. commercial, "a. gov
eminent. IS. calves, commercial. o. hogs.
143s sheer. 10.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
COTTON CONDITIONS IN
WEST AREA IMPROVE
Rains, CIOudiness UnfavOrable In
Eastern Sections.

By DHljed Press
WASHINGTON, Sept. 20.-Condi-
lions improved in the western cot
ton belt during the past week, while
rains and cloudinesS generally were
unfaVorable to growth in the east
ern section, the weather bureau re-
ported today in it's weekly crop re-
port.
Most of the central parts of the
belt reported favorable progress, the
bureau said, while in Texas, virtu-
ally all sections improved with pre-
mature openings halted by rain or
GOODNESS. Bolls were filling out in
wetter areas, and prospects for a
top crop were improved considera-
bly,.
The report said harvest was well
advanced in central states of the
belt and nearly completed in some
localities. Progress of Arkansas
cotton was fairly good" with green
bolls appearing and a second growth
as the result of rain.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20

himself author of the measure.
The movement to eliminate the
Bankhead control has resulted from
the decreased production, which falls
below the Bankhead restriction of
100000 bales.
Mr.. Wallace said unfavorable re-
ports had been received regarding
operation Of the laws, which origi-
nally was opposed by the department
of agriculture. The measure finally
was approved at the inSistence of
cotton state representatives led by
Mr.. Bankhead.
Suspension of the law could be
effected, Mr.. Wallace declared, by
a declaration by President Roose-
welt that the emergency it sought to
alleviate had ceased to exist. The
legal staff of the AAA is Investigate
ing effects Of suspension of the
law.
Easing corn-hog restrictions next
year appeared as the AAA COM
pleted a series of regional meetings
to learn what farm leaders desire in
regards a future program. A refer
endum of all corn-hog farmers will
start soon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Cleaning the News
Steel Activity Up

A moderate increase in miscella-
neous orders for iron and steel was
reported today by the Iron Age.
With current business dull" the re-
view says, government financed
construction work must be looked
to as a sustaining force in the mar
ket. So cautious are buyers in plac-
ing business that orders for truck
loads are being placed where car
load orders ordinarily would be eX-
Dected"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Mills to Speak

Fred Mills, indianapolis business
man and authority on cooperative
marketing and advertising, will ad-
dress the convention Of the United
States Brewers Association, which
will be held in New York City on
Oct. 9. In his speech Mr.. Mills will
describe the results of study Of the
sales resistances of the brewing
business as shown by nationwide
investigation made under his direc-
ton during the last four months.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Wall Street
BY RALPH HENDERSON,
Times Special Writer.

THE senate banking committee
u this week branded the banking
system of this country as out
moded and archaic and incapable
Of adequately performing those
functions so essential to the eco
nomic safety and welfare of the
nation" 1t referred to it also as
banking labyrinth" which is in
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Dividend Rate HaIved

The Consolidated Oil Corporation
has declared dividend Of IA cents
on the common shares, payable Oct.
81 to holders Of record Oct. l. Pre-
viously, the shares had been re-
ceiving % cents. Unsatisfactory
marketing conditions and increased
labor and material costs, the COM
pany stated, are rea2oEsible for the
action.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
ChrySler Cuts Debt

Walter P. Chrysler, Chrysler Cor
poration chairman, announces that
S1O,O00,000 Of per cent gold de-
bentures Of Dodge Brothers, Inc,
have been called for redemption on
Nov. /. After this retirement is
completed the outstanding amount
of the bonds will be S30,026, 500,
which constitutes the only funded
debt of the Chrysler Corporation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Not to Market Hides

Hides from cattle bought by the
government in the drought area will
not be made into shoes for the I'M
employed in the near future, ac-
cording to Harry L. Hopkins, federal
relief administrator. The govern
ment aid, however, revealed that a
committee Of department of agri-
culture experts and representatives
of the tanning industry are going
over the possibility Of making some
of the sheepSkins into gloves, coats,
etc., for the needy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
FARM CREDIT BUREAU
LAUDED BY PROFESSOR
Purdue Official Says FCA Is Boon
to Farmers.
BIZ Times Spccia

By INES Special
LAFAYETTE, Sept. 20.-"The
Farm Credit Administration ulti-
mately will give farmers the same
advantages for financing their op-
erations that manufacturers and ur-
ban businesses have enjoyed in this
country for years"
This opinion was voiced by DR..
E. C. Young, OF the Purdue univer-
sity farm management department.
and assistant dead of the graduate
school, upon his return from a years
leave Of absence.
During the last year he has been
assistant to w. l. Myers. governor
of FCA, ard spent much of his
ii in charge Of the development
Of a plan for the coordination OF
field activities of the different farm
credit ORGANIZATIONS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Bankers Acceptances Up

For the first time since January
the volume of bankers acceptances
an increase over the pre-
ceding month in August. The Ameri-
can Acceptance Council reports that
the outstanding volume of bills at
the end of August was $520,O02,7 18,
against S515,6O4,714 month previ-
GUS. On Aug. 81, 1888, the total
was S694,011,611.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Bank Rules Relaxed

Furthering its efforts to spur ex-
pansion of credit to business and
its own federal program the gov
eminent, through J. F. T. O'Connor,
comptroller of the currency, defined
slow loans as those that are merely
tagged, sans prejudice to a banks
rating. The definition was inter
preted as the administrations an
swer to the banks statement
that doubt over classification of
slow loans will act as a deterrent to
the extension of new credits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
c. & o. Nets S2.36

The Chesapeake & Ohio railway,
in the first eight months, showed net
income of s18,074.169, after charges,
which was equivalent, after pre-
ferred dividends, to s236 on the
common shares. This compares with
s16,984.970. or 1920 a share, in the
1888 period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
NEW DIRECTOR is NAMED
~ Times SpecinI

NEW YORK, Sept. 20.-James F.
Bell, Minneapolis, chairman of
General Mills, Inc, has been
elected a director of the American
Telephone and Telegraph Company.
He will fill the vacancy caused by
the resignation OF Eugene v. r.
Thayer last July. Mr.. Bell is not .
relative OF the late Alexander Gra-
ham Bel, inventor Of the telephone.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20

CONeTeuL, @ l 5
jointed and di-
versihed." In con-
Guiding a report
in which it con-
demned group
banking the COM
mittee demanded
basic banking re-
form.
Wall Street was
inclined to feel
that the commit
tee had dealt with
the banking pro-
feSSiOn a little
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
CLOSED BANKS PAY
By United Press

PHILADELPHIA, Sept. 20.-WIl-
liam D. Gordon, state secretary of
banking, today announced the pay
ment of S2,462, SIC in dividends to
go GOT depositors in seven closed
banks, including two in Pittsburgh
and one in Washington. Pa.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Power Output Slumps

Production of electricity in the
Sept. Is week aggregated !, 633, 683, 900
kilowatt hours, against 1868 ,212,O0O
in the corresponding week last year,
the Edison Electric Institute reports.
This represented the poorest year TO
year comparison in year and
half.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
WOOL PRICES DECLINE
Manufacturers Talking Lower on
Ohio Fleece Grades.
ByUnifee Press

d "0'-- : -
BOSTON. Sept 20.-The decline
in prices IN London. IN the opinion
Of members OF the Boston wool
trade. confirms the trend in prices
reported at sales IN Australia since
the opening OF the new season. &C
cording 10 yesterdays report OF the
United States agriculture depart
ment.
Domestic woods in Boston are
mostly very quiet. Some manufac-
turers who have recently inquired
for wool have been talking lower
prices on Ohio and similar fleece
woods
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
TWO JOIN CHICAGO MART

By Times Special
CHICAGO, Sept 2O.-Jules Des-
tombe, French commodity broker
with offices in Paris, and Earl S.
Potter and William II. Combs, New
York brokers, have been elected
members of the Chicago Board of
Trade.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Il COMPANIES FAIL
TO REGISTER ISSUES
Stocks and Bonds Represented in
Big Board Move.


NEW YORK, Sept 2O.-A total
of twenty-one companies, with either
stocks or bonds listed, have notified
the New York Stock Exchange that
they will not register their issues
under the Securities and Exchange
Act.
The Butte and Superior Mining
Company and the Chicago, st. Paul.
Minneapolis and Omaha Railway
are among those who have indicated
their securities will not be regis
tered.
Other companies which will not
file follow:
FIFTH Avenue Bus Securities Corpora
ton. common stock; Mackay Companies
Galleries Inc. bonds: Prairie Oil and Gas
Company and Prairie Pipe Line common
stocks: Art Metal Construction Company.
capital stock. Fifth Avenue Bank of New
YORK capital stock; First National bank
capital stock; keystone Telephone Com
American sT Cement Corporation deSen-
lures. RosSia Insurance Company OF
America capital stock: U. S. Trust Com
panv capital stock. Warner Company,
bonds without warrants: Victor Fuel
Company. purchase warrants for common
stock: Inferna tionai Paper Company pre-
ferred stock. and Western Maryland Hall
road. preferred stock.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
ROADS AIMING
BODY TO HALT
U. S. CONTROL
Final Details to Be Given
Out at Meeting Set
for Tomorrow.
By United Press

By United Press
CHICAGO, Sept. 2O.-A more
closely knit organization of railroad
executives, TO direct the policies Of
the industry, was formulated today
at a meeting of heads of the prin-
cipal railroads of the country. The
organization was initiated at the
suggestion of Joseph B. Eastman,
federal co-ordinator of railroads.
Final plans for formation of the
new organization to be known as
the American Railroad Institute
were drawn at meeting of the
advisory committee of the Associa-
ton Of Railway Executives, COM
posed of the presidents Of the
principal carriers of the country.
The program calls for the con-
solidation of the American Railroad
Association and the Association Of
Railway Executives. Tentative plans
already have been drawn and lack
only approval of the latter organ
ization.
Joint Meeting Set
Final details will be submitted for
approval at joint meeting of the
two organizations tomorrow, It was
announced.
The purpose of the new organiza-
ton will be to take over all func-
tons of the two present bodies and
additional powers which will per-
NIT the coordination of activities to
a greater extent.
The move is regarded in railroad
circles as an attempt to block the
movement toward government own
ership of railroads.
PeIley May Be Head
The president of the new institute,
it was reported, will be John j.
Pelley, president Of the New York,
New Haven and Hartford Railroad.
His retirement from the presidency
of the railroad he now heads has
been rumored in railroad circles for
several months.
The institute will be grouped into
several divisions including transpor-
tation, traffic, law, research and
others nth a directing head for
each. A special body will direct CO.
ordinating activities between the
various roads.
The move was described by rail-
road men as one of the most i'm
portant in the history of American
railroads. It's effects, it was said,
would be of far reaching impor-
lance in transportation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Acts on Limestone Code

Acting upon the request of the
code authority of the limestone in
dustry, General Hugh Johnson, NRA
administrator, has signed an order
extending the effective period of the
industry's allowable cost formula
80 days until Oct. Is.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
tBv United Press

CHICAGO. SEPT So-Apples Michigan
nf~r-rosh hrsheL 90 inch 81 IS
Tssirhtex SIS tomatoes - Michigan
,@-~-art BASKETS Csc Ohio. esG s0c-
suset potaroes-Tsnnessee bushel $40
30 virrtnia barrel S2-S Peaches
Nsf-htran hs1Shpl 81 a0f so Lettuce
f-aftf~~rfa crates = S0e77 50. Beans
TiirofS rrren bushel s0nSSc- Cabbage
WISCONSIN crates a % SSc Carrots
WisconStr crates s. 1SGe 50 Peppers
Tfff-ots hushel 20 sSc ECSplsut-Tlli-
rofx hushei coo soc Celerv-MichiEan.
crstes $50 soc squares Western CauiI-
fnuer Crates 81 15Gi1S Grapes
Michigan Concord. u quarts 25n &c
Crarberries Massachusetts boxes Is
hughei g. SoE2 50. Onion Market Sob.
sacksf-lichiEan vellouS. IS sc. Idaho
whites. aoc 81 IS Idaho vellovs IS sSc
Utah yeiioVS IS sSc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20

WASHINGTON. Sept. 20.-Six
concerns today received contracts
from the Federal Surplus Relief
Corporation TO furnish 2,805000
pounds of American swiss cheese
for relief distribution.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Chicago Stocks
Produce Markets


Delivered in indianapolis prices; Heavy
hens. l3c; .Leghorn hens, &c; 1884 broilers,
2 lbs. and over l3c; Leghorn broilers, 1I2
to lbs. and over lie; old roosters. SC;
ducks. &c; geese. SC; young guineas, zoe;
try run eggs. loss off 19c. Each, full case
must weight SIS lbs. gross; a deduction of
IS ssnS viii BSumd ad for sSfh POND un g8
2sc. Butterfat. 21c. Quoted by the wadley
CBy United Press
CHICAGO. Sept. 20 Eggs Market.
receipts, ISd zoe; dirties,. No. !. 18c; No,
itT Sh9fks N StsadI rec S9 4S
2244c; extras l92 scorel 24l2c; frst.s, gs8-
ScoTe,. 22a227Ssc. PoGitry0Ma G1 0O firm;
fTyers. ,lsal8c;, broilers,, ia l8c; geese,
ic ducks iS spr ing 1lu &c.
hens l6T 49, Legh o hens 8g r.
plv moderate; demand and trading mod
crate: market. steady wisconsin Cobblle5r rs:
9nrap GsSi SStOn 4ag
CSC; Minnesota Cobbiers. slo5G1I2: early
Ohios S1.l0d115; Cobblers. sl.15G /. 90;
fair quality. $40; combination grade.
s1.35. Arrivals 80; on track 2s3; ship
mentS. 1876.
NEW YORK. Sept. 2O.--Potatoes- Quiet;
tatoes-Quiet; Jersey. basket 5Ocas IS;
southern, barrel. sl.5Od275; southern.
basket. SOFA 81. Dressed Poultry-Steady
TO firm turkeys. 15d S2c: chickens ia
2sc; broilers. l6d 23c;- capons 26d 32c /;
fowls. 10d 2lc: Long Island ducks. 15d
17i2c Live Poultry-Quiet: geese. ga l0c;
turkeys. l3G lsc: BOOSTERS. l2c; ducks. liza
lac; fowls. i2d 2lc; chickens. goa Csc; ca
ponS 20 n Csc: broilers. 10M 22c. Cheese
Steady; state whole milk fancy TO spe-
Gals. l9G zoe: Young America. 1870 l4c.
Eggs-Receipts. II. 561 cases; market firm;
special packs. including unusual hennerv
selections IS "a SOC; standards: 24a Csc
irsts. p d23isc: seconds. 2lM2l &c. me-
diumS. 20i7 n 2Os4c: dirties. 20i2c; checks,
l76lSc. Butter-ReceiptS 1854 pack
ages. market firm; creamery higher than
extras. 26i2 "a PIC. extra 80 scorel 26c
first 90 10 81 scorel 25la a 25sac; first
So to 80 scorel. 24i2 n Csc; seconds. 239
24c; centralized 90 scorel 25i2c; central
lied tss 10 50 score. 24i2 a Csc: central
lied ts4 to 81 scorel. 2Sd24c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Press

By United Prrss
NEW YORK. Sept. 2O.-The stock
market turned irregularly lower to-
day in extremely dull trading.
Metals received the brunt Of the
selling. most OF II coming from
prOfit-taking after recent good rises.
u. S. Smelling had a twO-pOint loss
az 1l9. American Smelling held
about steady. Cerro de Pasco was
of = to 36as.
Another heavy spot was American
Telephone, which dropped IL
points TO 109as.
In the general list price changes
mainly we're small. United States
Steel dropped = point to 31Ss. Cen
eral Motors and Chrysler held
slightly above their previous closes.
New York Central had a frac-
tional decline while Atchison was
about steady.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Relaxation of Control
Over Corn, Hogs Likely
Referendum of All Farmers Will Be Undertaken to Map
Program.
By United Press

WASHINGTON Sept 2O-wdespread easing agricultural crop
possible today
suspend operation the Bankhead time
sentiment indicated ghned
Secretary agriculture Henry Saturday
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
Local Wagon wheat
CHEESE CONTRACTS LET

CITY grain elevators are paving % cent
for No soft red wheat. other grade.
on their merits.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
STOCK MARKET
TRENDS LOWER
IN DULL DEALS
Metals Encounter Brunt of
Selling; General
Changes Small.
MARKETS AT a GLANCE

iHv United Press
Stocks irregularly lower in dull
trading.
Bonds higher; speculative issues
firm.
Curb stocks up fractions to a
point.
Chicago stocks quiet and steady.
Dollar steady in major currenoies;
firm in terms Of pound.
Wheat up = to 1 cent; corn up
q To I; oats higher.
Chicago livestock: Hogs weak;
cattle. sheep strong.
Cotton rises about so cents a bale.
Rubber up TO 3 points.
Bar silver unchanged at 49, cents
an ounce.
Copper 9 cents a pound.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20


too harshly, but, generally speaking,
bankers in the district agreed that
reform of some sort was necessary.
They were not in agreement, how
ever, as to the kind of reforms nee
esSary or the best way to go about
correcting the weaknesses in the
system.
One of the chief criticisms of
banking by bankers in the Street is
the ease with which charters can
be secured. Little thought is given,
it is charged, to the question of
whether a new bank is needed in
the territory selected or whether the
proposed board of directors know
anything about banking. The re-
suits under such circumstances are
bound to be unsatisfactory, it is
argued.
A MOTHER condition which is
IA severely criticised is the great
number of different types of banks
which are in existence and the wide
difference in the laws under which
they operate. This tends to cause
no little confusion, bankers state,
and they would establish but one
type of bank in the different divi-
sions of banking and make all laws
uniform.
Some of the more advanced
thinkers, such as James P. War
burg, vice-chairman of the Bank of
the Manhattan Co., also would
establish definite qualifications for
bank officers. He believes this would
make for much fewer mistakes in
judgment. Still others contend that
branch banking would solve the ma
tons banking problems.
The suggestions for banking re-
forms should come from the bank
ers themselves. They know, or
should know, the situation better
than any one else. The trouble is,
however, they are not sufficiently
we'll organized to get their views
properly correlated and presented.
They follow the hit-and-miss Sys-
tenn, speaking individually rather
than as a group.
COMMERCIAL banks are sup
" posed to be represented by the
American Bankers Association. But
the bankers who really count take
very little interest in the organiza-
ton. The present head of the as
ISOLATION, for instance, is a relative
ly small banker in Texas. And
while he may be an expert in his
field, he is so far from the scene of
big banking that he can not speak
accurately for members of that
group.
Up until recently the big bankers
in Wall Street we're content to
leave the association work to junior
members of their firms, while they
did the important work through the
Federal Reserve Bank of New York
and directly with high authorities
in Washington. But the new admin
istration cut off this channel of
communication, and since the they
have been houndering about rather
q ir171ecc1v
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-20
nv United PressI

WASHINGTON. sept 20.-Government
expenses ana receipts 81 the current fiscal
responding period OF the PREVIOUS fiscal
wear