davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
NRA is URGED
TO AID SMALL
BUSINESS MEN
Senator Nye Attacks Large
Industries for Unfair
Practices.
BY HERBERT LITTLE
Times stan Writer

WASHINGTON, Jan 3. - Two
codes now before NRA, those Of the
electrical manufacturing and play
ing-card industries, will determine
the new deals attitude toward
small business men faced with big
business competition, in the opinion
Of Senator Gerald P. Nye rep,
n. d., who is taking an active part
in the negotiations.
Meanwhile President Roosevelt is
expected to announce creation Of an
NRA division to protect the little
fellow probably before these
codes are passed upon.
Senator Nye has taken his COM
plant against the electrical manu-
featuring code, reopened yesterday,
directly to NRA Administrator Hugh
Johnson in a letter urging him not
to permit the General Electric Com
Iany and its subsidiaries to use the
recovery administration as a cloak
for the continuation of unfair prac-
tees synonymous with the vicious
clements in American business"
Price Fixing Proposed
lie also attended two sessions of
the code hearing at which large
groups in the industry, including
General Electric, proposed a system
of price-fiXing, while the independ-
ents asked amendments to extend
competition.
Senator Nye has also espoused the
cause of small business men in the
playing-Card industry, whose code,
up for hearing next week. involves
a direct reversal of the electrical
controversy. Here the largest con-
Germ in the industry, the United
States Playing Card Company, has
protested and held up approval of
code drafted by six smaller COM
panies.
The small companies are seeking
to end a situation in which COMPETE
ton has driven the price of a pack
of cards down from an average of
40 cents, including the 1O-cent fed
eral tax, in 1923. to Is cents now.
including the same tax. Their
figures, says Senator Nye, indicate
their business was gaining heavily
until 1928-29, when drastic cutting
began and the United States Com
pany began taking a larger share of
the business. 1t now is reported to
have 81 per cent of the total.
Johnson Named Assistant
General Johnson and NRA gen.
eral counsel Donald Richberg chal-
lenged the legality of the National
Electrical Manufacturers Associa-
tons proposed code amendment
which would have given the code
authority almost unlimited power
to fix fair prices for electrical
appliances. light bulbs and other
products. Mr.. Richberg, questioning
Francis Neagle of the code author
ity, brought out that the amend
ment would restrict only unfairly
low prices and did not extend to I'M
fairly high prices.
Another new element was intro
duced into the MIRA Setup today
when Leon Henderson, Russell
Sage foundation price research eX-
pert. took over an unpaid job Of
fered him by General Johnson as
special assistant. Mr.. Henderson, a
leader in protests on behalf of con-
sumerS, will have a free hand to
investigate the whole code situa-
ton from the inside, and to report
as he sees fit His work will be
separate from that Of the con-
SumerS' board
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
Public Affairs Laboratory,
Cabinet on Faculty,
Part of Plan.
BY S. H. BURROW
Times Special Writer

WASHINGTON, Jan. 5.-Com-
merce Secretary Daniel c. Roper is
considering the establishment of "a
Laboratory for Leadership in Public
Affairs" to train brilliant young COL
lege students in the business of gov
eminent here in WaShingto for
three months.
His project has been outlined by
his assistant, Chester H. Mccall,
who points out that Alexander was
emperor at 80, Peter the Great a
statesman at %, Thomas jefferson
a legislator at 26, Andrew Jackson
a prosecuting attorney at 81 and
Franklin Roosevelt a state senator
at g.
Mr.. Roper's plan, he explained
would bring selected students, pre-
ferably those who are pursuing a
college course looking to future par
ticipation in government affairs,
here during January, February and
March of each year, on some sort of
leave Of absence from their schools.
Would Limit Students
These students, limited to $50 or
200, so that the group would not be
too unWieldly, would study at first
hand the principles, methods and
mechanism of their federal govern
ment. The faculty for this univer-
sity of public affairs would be the
actual executives and administra-
tors of our national government.
The cabinet member representing
each department would introduce
the study Of his department by Civ
ing lecture to the students. Then
an open forum would be held in
which the students would have an
opportunity to ask questions of the
cabinet member.
The students would then spend
several days of comprehensive study
Of that department with, perhaps,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
EXPERTS WORK
ON HUGE u. S.
FINANCE PLAN
Treasury Heads Confident
of Ability to Borrow
Ten Billions.


WASHINGTON, Jan. 5.-Federal
fiscal experts planned today the
largest peace time financing pro-
gram in history. They seek to Dor
row approximately $4,000 100000 to
meet government expenses and ma
turtles over the next six months.
No sooner had President Roosevelt
revealed in his budget message the
need for that sum than treasury ex-
perts were put to work in mapping
out the financing program. Only
in war time in 1918 has the treas
ury been confronted with the rails
ing of that much money in so short
a time.
The manner in which the $6,000,
100000 additional new money and
the $4000,000,000 to pay off matur-
ing obligations would be raised was
in doubt as the treasury began its
new work but it was learned on
high authority that the money
would be raised as it has been in
the past. This was through direct
sale of bonds, notes, bills and GER
tificates direct to investors, bankers
and insurance companies.
Resembles War Drive
The current financing program
closely resembles the final effort to
win the war in 1918 when huge
patriotic bond selling campaign
raised more money than is contem-
plated over the next six months.
The current program is called the
final effort to win the war against
the depression.
Various administration officials,
congressman and bankers generally
have expressed agreement with Pres
ident Roosevelt that the program
will work out smoothly and that no
obstacles will prevent the financing
of the government in the regular
manner"
The first step in the financing
program was considered today by
treasury officials. Despite the huge
cash balance of $685., 991,710 now in
the treasury, a rapid increase in
emergency expenditures over the
past few weeks might require the
issuance of new securities before the
end of January.
This would be in the nature of
test" offering and the character of
it's acceptance by the investing pub
lie would help to determine the re-
mainder of the program.
Senator Issues Warning
The next maturity is not until
March Is, when $460,099, 900 in q
per cent certificates falls due. On
April Is, billion dollars in called
Fourth Liberty loan bonds fall due
and on June Is total of STA
905,500 of Il per cent certificates
must be refunded. Over the six
month period approximately $2,000,-
100000 in short-term bills must be
refunded, making total of $4,000
100000 to be refunded
Security issues are expected to
be floated in rapid succession until
the $10,000,000, 900 is raised.
Insurance companies, banks and
individual investors are counted on
to supply the necessary money. Of
f1cials today were genuinely conf
dent of the ability of the govern
ment to borrow the huge sum.
A mild warning to investors was
issued by Senator Elmer Thomas
Dem, Okla), however, who as
serted that the bonds must be sold
if initiation is to be avoided.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
NJ. E.. Tracy
Says

ME pOSSlDluty OF war between
l. Russia and Japan is too in
teresting for imaginative people to
overlook. That is one reason why
it is receiving so much attention.
Imagination always has and prob
ably always will play major part
in rubbing up war talk. Craving
the dramatic is an incurable all
ment. Half the wars that have
been fought originated in nothing
more serious than the universal
passion for excitement.
A lot of Russians and japanese
are specializing on strife between
their countries for the sole purpose
of enjoying the fanclful pictures
which it enables them to create.
A lot of people throughout the
world are more than willing to as
sist them in this highly poetic en-
deavor. 1t goes without saying
that if they keep on thinking and
talking long enough they may start
something. The situation contains
all the essential elements.
Through territorial expansion Rus
STA and Japan have come to face each
other across a long and ragged Dor
derline. The ambition of each to
extend its control in Asia and to
dominate the northern Pacific ocean
involves a definite conflict of in
terests.
THE conflict is made more prob
Il able by the collapse of China,
with its open invitation for those
who have the power to come and
take what they can.
The latest phase of Asiatic affairs
is the requirement by Japan of vir-
tual control of Manchuria and the
opportunity it affords her to reduce,
if not eliminate, Russia's access to
the Pacific. 1t is natural that Rus
STA should fear further encroach-
ment by the Japanese. 1t equally
is natural for Japan to suspect Rus
sian interference on this very
ground.
Back of it all there is a latent, if
somewhat obscure, disposition On
the part Of both countries to try
conclusions with each other-just
the old primitive instinct to see
who is best man"
1t almost is certain that they Will
reach a point some day where the
temptation can not be resisted
longer, not because there is any,
thing exceptional or peculiar in tie
development of their relationship,
but because it rests on a difference
of viewpoint and conflict of in
terests which, up to this time, men
have discovered no way to avoid
without the arbitrament Of arms.
WIH1LE we talk much about the
w moral side of such situations
it is of small consequence COM
pared to those basic and appar-
emily uncomfortable forces out of
which they develop.
In a purely ethical sense, both
Russia and Japan undoubtedly have
offended the principles of abstract
justice. but both have, been very
human in what they have done
They simply have grown without
concerning themselves too much
over the rights of others. What
country that boasts greatness in the
world of today can claim freedom
from a similar fault? What country
does not owe the bulk of it's
strength, prosperity and power to
the simple fact of taking what it
wanted and what it could get?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
Roper Plans School of
Government for Youth

further technical lectures from
other executives. The students in
groups would study its structure and
operations at first hand This
would be continued until each of
the ten executive departments was
covered.
Lectures in Course
Special attention would be de-
voted to congress. With congress in
session, certain sections of the gall
leries could be reserved on specified
days for groups of these students to
sit through an entire days session
of the senate and house.
Lectures could be given by out
standing senators and representa-
tives. Legislative enactments and
the entire scope of the legislative
machinery would be covered COM
prehensively. Then the indepen-
dent agencies and commissions of
the government would be studied at
first hand.
To conclude this three months
study in the laboratory Of public
affairs, the broad and underlying
principles and functions of the gov
eminent would be considered, ana
lyZed and discussed.
May Start in 1885
There are several phases of the
plan still to be worked out. Nc
Call suggested that if they are
solved successfully the first group
of $50 to 200 students could meet
here Jan. l, 1885.
Such an organization should be
an incubator, a laboratory for lead
ership and craftsmanship" he said.
Within a period Of four years from
900 to 300 students would attend
this university Of public affairs.
Each Of these students WOULD
thus become a potential leader for
the years ahead. This laboratory
might constitute the first step in a
constantly expanding program for
planned and objective develop
ment OF leadership on much
broader scale, which would be the
best insurance possible for the per-
petuation Of our democratic form
of government"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
STERILIZATION
OF DOLLAR TO
Be POSTPONED
Permanent Basis Urged by
Business Faces Delay
Until Summer.
Copyright, 1884. by United Press

WASHINGTON, Jan. 5.-Stabih-
cation of the American dollar on a
permanent basis now demanded by
powerful section of big business
appears today like to be delayed
beyond the end of the session of
congress which convened here this
week. This session will last at least
until May /.
1t seems possible in light of dis
couraging information gathered by
the state department and submitted
to President Roosevelt that stabili-
cation delay will extend we'll into
the summer A period of rising
clamor for definite announcement
of monetary plans is foreseen by
administration intimates.
But as Mr.. RooSevelt'S message on
the state of the nation and his
budget message are degiSted here
observers are arriving at the con-
clusion that implications of the two
documents point to certain definite,
if temporary, administration poll
cies. The most revealing language
in either, informed congress that
in the next six months:
Huge Loan Requested
1--WE shall have to borrow APP
proximately $6,O0000O,0OO of new
money and, in addition, 100000, =
900 to meet maturitieS of like
amount"
The use of the words Ito borrow"
pitch the key of immediate admin
istration money plans. Inquiry to-
day among administration advisers
obtained assurances that when Mr..
Roosevelt said borrow" he meant
just that and not any other form
of replenishing the treasury.
Thereby are automatically elm
mated from the immediate money
raising prospect any printing press
production of treasury notes or any
effort to deal with a deficit through
seizure of federal reserve bank gold.
Whether Mr.. Roosevelt ever will
authorize the issue of $1,000, 900 900
of treasury notes as congress has
authorized him to do is problemat-
ical. The seizure of federal reserve
gold-$3, 60O,0 100000 of it's believed
to be a definite part of Roosevelt
policy when the time comes.
Seizurs Process Outlined
The process Of seizure would be
to call the gold into the treasury
prior to sterilization and to give in
exchange TO rtis gold certificates at
the regular rate of $20.67 an ounce.
After tsabilization the gold could be
withdrawn but at a new stabiliza-
ton value.
If the dollar were deprecated so
per cent the new rate would be
$41.34 an ounce and persons pre-
senting gold certificates would re-
ceive for them only half as much
metal as they originally surrendered.
But the number of dollars repre-
sented by the gold obtained would
be the same
The government would acquire full
title to the remainder of the gold
which, in the case of 5 per cent
depreciation, would be half of it
and net profit of $500, 100000 for
the treasury on federal reserve gold
alone.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
ALLEGED WRITER OF
BOGUS CHECK HEIDI
Negro Questioned by Police on
Deal for Radio.

Charged with attempting a bogus
check racket, George B. Davis, 40,
Negro, 854 West Eleventh street, to-
day was held by police.
He is accused of ordering a radio
by telephone from the Western
Auto Supply Company, sending a
boy to obtain the radio and paying
for it with an alleged worthless
check for S18.75.
Employees Of the company became
suspicious and followed the boy to
Illinois and New York streets,
where the youth met Davis, who
was held by the employees for police.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
Shoals Plant Begins Job
of Making Cheap POwer
Consumers in Tennessee
Valley Expect to Save
Thousands.
BIZ United Press

BIZ United Press
WASHINGTON, Jan. 5.-Muscle
Shoals hydro-electric plant, war
time white elephant, began to hum
today as a major part Of President
Roosevelt's new deal, ready to sup
ply low-cost electricity to house
holders of the Tennessee valley.
Contracts signed between the
Tennessee valley authority and
power companies in Tennessee. Ala
bama and Mississippi provide a
market for all the electricity the
vast plant can produce for the next
five years, or until Norris dam is
completed.
The program calls for the sale of
electricity at a reduction of % per
cent under the Involvement" rate,
and Is per cent under the 'immedi-
ate" rate, which means-in less
technical language-a saving to
electricity users in the valley of
$415, 900 a year.
Rates NallOndI ln0eX
These rates are considered signifi-
cant to the whole nation, because
President Roosevelt has slgnified
his intention of using Muscle Shoals
electricity prices as a "yardstick" to
measure electric light bills elsewhere
in the country.
The agreements between the IVA
and the power companies provide
for:
Purchase by the IVA of $780,
900 worth of transmission lines,
giving it direct access to electricity
markets, and obviating what might
have been an enormously expensive
duplication OF transmission equip
ment.
Sale to the IVA of certain munic-
ipal electric systems in Mississippi.
Sale to certain municipalities in
Alama of electric systems by the
Alabama Power Company.
Option to the IVA for purchase
of municipal systems in some
Tennessee counties.
Inc contracts also PROVIDE Tor the
technical details of delivering fed
eral electricity over private power
lines and for sale of electric house
hold equipment through the Electric
Farm Authority, subsidiary Of the
IVA.
Implications Avoided
Concerning the advantages Of the
contracts, David E. Lilienthal, one
of the three IVA directors, said:
BY the purchase of private utility
property which was found useful at
prices which were found fair, the
authority has avoided the necessity
of building duplicating competing
facilities.
While specific terms have not yet
been s2reed upon between the pow
er COZ panies, parties to this con-
tract, nd the electric home and
farm authority, this contract and
rate reductions insure success of
such a working agreement"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
WHO IS COSTIGAN?'
QUERIES GOV. ROLPH

California Executive Declines to
Comment on Lynching Bill.
By United Press.
SACRAMENTO, Cal, Jan. s.
Governor James Rolph Jr. today
declined comment when informed
Senator Edward Costigan had in
troduced a bill proposing punish
ment of public officials who tolerate
the lynch law.
That's all right" Governor Rolph
said, when told about the bill. 81
don't care to comment. Who did
you say the senator was? I've never
heard of him"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
NEWLYWE0 HAS BILL
FOR OLD AGE PENSION
Youngest House Member to Propose
Necessary Legislation.


By United Press
WASHINGTON, Jan. 5.-Repre-
sentative Joseph P. Monaghan
Dem, Mont), youngest member
and bridegroom in the house, plans
to devote a major part of his legis-
lative career to securing passage of
a federal old age pension law, he
told the United Press today.
Monaghan, 81, sturdy and hand
some, who looks more like a college
football player than a congressman,
intends to introduce a joint reso-
luton submitting constitutional
amendment to the states which
would create a universal old age
pension fund.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
SEVERN HOME is SOLD
Unannounced Purchaser Buys Prop
erty in Golden Hill.

The home of T. S. SEVERN. in>
Golden Hill, has been sold to an
unannounced purchaser. according
to Gregory & Appel, realtors.
The residence is on high bluff
overlooking the canal and White
river.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
u. S. UNEMPLOYMENT
INSURANCE PROPOSED
Bill Asks Graduated Surtax on In
comes Over $1,000.
BIZ United Press

comes over $1,000.
BIZ Emitted Press
WASHINGTON, Jan. 5.-A bill
Which would establish federal I'M
employment insurance was intro
duced in the. house today by Repre-
senttive Raymond j. Cannon Dem,
Wis.,.
The insurance would be financed
by levying a graduated surtaX on in
comes of $1,000 or more a year.
The proposal. Mr.. Cannon said,
is intended to provide a system for
relief of persons normally employed
who are unable to earn a living for
themselves and their dependents in
periods of industrial depression.
The amount to be paid to unem-
ployed persons is based upon the
amount paid into the federal treas
ury in the form of surtaxes during
good times.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
HOUSE

Convenes at noon to vote on $780,
900 900 liquor tax bill.
Ways and means committee con-
siders amendments to liquor tax bill
at executive session.
Joint senate and house committee
holds hearing on District of Column
bia liquor bill.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
-C Capital Capers-
How About That Quota?
Ambassador Wishes Acting Secretary Happy
New Year and Gets in His Word
BY GEORGE ABEL
Times Special Writer

XXTASHINGTON JAM 5Shugging Gallo shoulders French Am
w Laboulaye called acting
Phillips to wish him happy yearand incidentally mention
French quota restrictions.
excited restrictions
N imports ia belle France"
inquired
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
U. S. Woman Filler Killed

BIZ United Press
MEYERS, France, Jan. 5-Miss
Evelyn Frost, American flier, was
killed today when her plane struck
high tension wire and crashed in
flames.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
EXTENSION FOR RFC
New Resolution Will Be Offered to
PrOlOng Act.

BIZ United Press
WASHINGTON. Jan. 5.-Speaker
of the House Henry T. Rainey said
today that a resolution extending
the life of the Reconstruction
Finance Corporation would be in
troduced shortly. The present act
extends lending power of the RFC
only until Jan. %.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
CONGRESS TODAY
SENATE

In recess until Monday.
Banking and currency committee
continues Detroit bank investiga-
ton.
Military affairs committee meets
on army nominations.
Agriculture committee meets in
executive session to consider pend
ing business.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-05
Planned Bill Would Hit Copra

BIZ United Press
WASHINGTON, Jan. 5.-Repre-
sentative Edward r. Burke. Dem,
Neb.) planned today to introduce
a bill in the house which would i'm
pose a virtual embargo on importa-
lions of cocoarut oil and copra.
Evening star., 1934-05-31
FARM LOAN REFUSED,
COUPLE END LIVES
plain Folks" Ask Public "Not
to Think Hard of
U.s."
BY the Associated Press.

BY the Associated Press.
ALBANY, La, May 31.-The bodies
of Julius N. Fischer and his wife, Mrs.
Mary L. Fischer of Pikeville, Tenn, a
middle-aged couple who described
themselves in suicide notes as plain
folks" who worked hard to get
along" now rest in a double grave
in the little Bethlehem Church Gene
terry, close by where they were found
dead.
Their bodies were found Tuesday
in their closed automobile in a re-
mote thicket where officers said they
died from carbon monoxide gas four
days ago.
The Fischers disappeared from their
Tennessee farm home at Pikeville,
after their dwelling burned on May IA.
Notes left in the automobile asked
the public not to think hard of us. 3"
Don't blame us for this" said one
of the notes. I'VE are sorry, but We
have been pushed to the wall. Had a
nice farm and needed a loan. Banks
would not lend on farm. The Federal
Land Bank in Louisville, KY, granted
us a loan, but would not give us the
money. Red tape and political inter-
Evening star., 1934-05-31
Everest Man BUYS Island.

Hugh Rutledge, leader of the 1888
Mount Everest expedition, has bought
the island of Gometra, on the west
coast of Scotland. 1t is miles long
and l mile wide, and is separated
from the adjoining island of Ulva by
a narrow strait. more often dry than
under water On it is a mansion sur
rounded by arabic land. There are
also many cottages, for Gometra once
was a well known fishing station.