davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-10-25
BETWEEN BANKERS AND NEW DEALERS CONVENTION

account the banking viewpoint on
governmental problems.
Government Between
But he also pictured the Gov.
eminent as standing between the
people. on the one hand, and the
bankers on the other. He said:
Government by the neces-
sity of things must be the
leader, must be the Judge of con.
flicting interests Of all groups
in the community, including
bankers. The Government is
the outward expression of the
common life Of all our citizens"
Explaining his conception of
the relationship between the Gov
eminent and the bankers, the
President declared the purpose of
the Government falls into three
divisions:
First, to promote the conf
dence Of the people in banks
and banking, in view Of the i'm.
pOrtant service that banks and
banking may perform for the
people as a whole.
Second, to make this conf
dence q real and living thing by
assisting banks to render them.
selves useful and worthy Of this
confidence, through wise super.
vision.
"A third purpose now offers
itself, and wish in all earnest.
ness to press this point. Gov.
eminent should assert its lead
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-10-25

agencies are themselves able
and ready to take over these
lending functions.
"And when that time comes,
I shall be only too glad to cur
tail the activities of these pub
lie agencies in proportion to
the taking up of the slack by
the privately owned agencies.
THE Government is bending
every effort, through the Treas
ury, the Federal Reserve Sys.
tenn, the RFC, the SEC, and
the Federal Housing Admins
tratiOn, to facilitate and en-
courage the revival of private
investment. {.
Il commend the detectives Of
the Housing Administration to
your immediate consideration.
But at the same time / ask
you to note that all of these
new agencies are seeking con-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-10-25

(Can,unued from Page y
Administration and the others
Said the President:
"An these new agencies are
seeking consultation and CO.
operation with you bankers"
TIME FOR ALLIANCE
With all the Presidents admoni.
tons to the bankers-and they
were plentiful-he also struck a
note of promise and cooperation
"The time is ripe for an al
lance of all the forces intent
upon the business Of recovery.
In such an alliance will be
found business and banking,
agriculture and industry, and
labor and capital.
What an aIl-American team
that is! The possibilities Of
such a team kindle the imagina-
ton - they encourage our de.
termination-they make easier
the tasks of those in your
Government who are leading 1t.
"The nation does not merely
trust or hope that we will do
our duty-the nation is justified
in expecting that we will do
our duty"
Mr.. Roosevelt referred to his re-
cent conferences with representa-
tives Of the banking industry to
demonstrate that his Administers
ton has been willing to take into
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-10-25

sultatiOn and cooperation with
you bankers"
This was interpreted as rather
a dig at the reluctance of the
bankers to "go along" with the
Administration in financing the
Governments housing venture.
which is under the direction of
James A. Moffett.
Mildly Reassuring
For the Housing Administration
has been severely critical, in pri-
Vate of the cooperation it has
been getting from some of the
banks of the country.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-10-25
'JAFS|E'S' V|S| 7
To HAUPTMANN
KEPT SECRET

Continued from PGSs y
disavowal of his story that Haupt-
mann had worked under him in
the Majestic Apartments until 5
p. m. on the day of the kidnapping
and then had reported for work
on the following. morning was
made after Hauptmann, arranged
in Pennington, had been granted
a delay in the start Of his trial
until January 2.
DR.. Condor, it was learned,
asked Hauptmann to tell him
everything he knew about the
case" to which Hauptmann re-
torted that he had already told
everything he knew to the au-
thorities.
Later Hauptmann referred to
DR.. Condor as that doctor from
the Bronx" and professed not
to remember his full name. But
he described DR.. Condor as a
very nice, very pleasant old
gentleman"
The disclosure that Mr.. Furcht
had reversed his alibi testimony
was perhaps the most startling
development of the day.
Move Is Mysterious
Attorney General WilentZ's an
nouncement Of Mr.. Furcht'S alb
rupt retirement from the defense
ranks left Attorney Fawcett mo-
mentarily speeches.. 1t was no
secret that he had been counting
on the testimony Of the building
superintendent to help prove that
Hauptmann could have had moth
ing to do with the crime.
Considerable mystery sur
rounded Mr.. Furcht's withdrawal.
The full affidavit was not read,
nor were the circumstances under
which it was obtained fully ex'
planned. Excerpts from the Gu
rious document follow:
"Mr. Furcht stated that he
was approached by q reporter
of a New York newspaper in
reference to the employment Of
Hauptmann at the Majestic.
He said he was mistaken in
informing the newspaper and
Mr.. Fawcett that Hauptmann
worked on the first day or
March, 1892"
The following statement, made
under oath, was attributed to MIR.
Furcht by Mr.. Wilentz:
IF l knew at the time I made
the statement to the newspaper
what / know now I never would
have made the statement, but
would have stated that he did
not work ON March 1, 1882.
eff the payroll from March
to March IS, 1892, does not con-
tain the name Of Hauptmann
and If the payroll is signed by
me, then Hauptmann did not
work on March l."
1t had been known for some
time that the Jersey authorities
had payroll sheets of the Males
tic Apartments. but there had
been some doubt as to whether
these lists were complete as to
personnel, or whether they GOV.
cred the exact time of the kid.
mapping.
The explanation offered in Mr.
Furcht's behalf was that he was
thoroughly convinced of the truth
of his story when he told it to a
newspaper, but learned of his
error upon looking over the rec
ords impounded by the Jersey
authorities.
The second major development
of the day was the surprise visit
paid by DR.. Condor to Haupt
mann.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1934-10-25
NEEDS SAFE KEEPING

SENECA. Kan. G.N.SD. The
recent drought wreaked such
havoc on the 200-acre farm of
Joseph Rettele that he was able
to store his entire corn crop in
a small tin safety deposit box.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
EuZnouAh
bu
WESTBROOK PEGLER

GAN FRANCISCO Cal. Oct. 26-Your CORE
- spondent has Just reeed away from an inter-
view with Upton Sinclair and some members of his
bran-Storm trust. The world is going around and
around. There are wheels spinning in space, an old
windmill bolts and nuts and, everywhere in the
confusion, there is an enormous Dane named HAL
mar Utzebeck. writer who is a composite Of Jack
London'S Wolf Larsen. George Fitch'S Ole Skjarsen
and the mighty POpeye, the sailor, OF the moving
pictures
Mr.. Sinclair lay Of the twin beds in his
room with a sporty topcoat pulled over his thin
shankS. Mr. Utzebeck stood immense beside the bed,
turning now and again to sCribble sheet of hotel
stationery remarking that he just had to finish this
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

code observance as NRA can bring
about will be the only check upon
employers attempting to smuggle
bundles of home work to needy
families.
The problem is a difficult one
since the employer operating with
out a factory shifts his base of
operations frequently. The work.
ers are unable to help bring about
compliance since they are unor-
ganized, do not see each other and
have no way Of checking on what
wages others are receiving, and are
constantly afraid of losing the
meager income they receive if they
complain.
In New York state there are
10000 home workers, it is esti-
mated. New York'S law on the
subject only applies to cities of
more than 100000 poplation, and
as a result, bundles of home work
are being mailed to families in
rural districts.
Artificial flowers, lamp shades,
shade pulls, wells, powder puffs,
lead pencils, artificial eyelashes,
dress trimmings, curtains, bed
spreads and gloves are some of
the articles made at home, in ad-
dition to lace and embroidery.
Altogether a hundred industries
are making use of home work to
a greater or less extent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
No Brief for Sinclair

NATURALLY I am thinking in part of the
y strange situation in California. Max Stern,
Scripps- Howard correspondent states in a dispatch
that in Los Angeles county alone, Dwell in varying
degrees Of misery, some 100000 people relief,
nucleus of the Sinclair rebel army" In the
story Mr. Stern estimates that The owning classes
have set out to raise 100000 to defeat the plan
which Sinclair says Will end poverty in California.
In other words Frank Merriam has been set up to
defeat a scheme for the relief Of unemployment.
I hold no brief for the EPIC plan. I don't know
whether it will work But at least it represents
try. If Upton Sinclair is defeated there will be Bit
terness among the homeless in California this VIM
ter. Frank Merriam is pledged to protect the prop
erty holder from the higher taxes which any re-
adjustment program would entail But when the
business of the community insist in the months
TO come that they do nothing more to relieve
the hungry, starving will hit upon strange
ideas.
In the market place a ragged individual will rise
and point accusing finger at the tall towers of
commerce and finance. And he will ask question.
He will want to know, Why is it that there were
ample funds to buy an election for Frank Merriam,
but there is nothing for those who sufer?" And
many will take up the cry of, Millions for Merriam
and not cent for relief" Such a slogan would be
a gross exaggeratiOn. Starving men are prone to
eXaggerate
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
Today S Science
BY DAVID DIETZ

4 ME most talked of star in the universe TINS
Il month. according to Dr. Harlow Shapley, dlrec-
tor of the Harvard College Observatory is Zeta
Aurigae More telescopes are being trained on tnS
star than have ever been trained on one star at the
same time in the history of astronomy.
Zeta Aurigae is not very bright star. In cas-
ua glance at the sky you would never notice 1t par
ticuarly or stop to ask its name However, you can
easily find this star which is now getting so much
attention from the astronomical world.
Start with the Big Dipper in the northern sky.
It's pointers lead the way to the North star Ihen
look to the northeast of the North star You will see
a group of fairly bright stars which form letter
w" The Wv" is pulled slightly out of shape and
tipped over its side. This is the constellation OF
CaSSiopeia
East of Cassiopeia about distance equal to that
separating CaSSiOpeia from the North star you VIII
find very bright star. You can not miss it because
it one of the brightest and most beautiful stars IN
the autumn sky.
This bright star is Capela brightest star of the
constellation of Aurigae "Capela' means the she
goat" Just below Capella you will find triangle Of
three faint stars.
Z PSLON is nearest Capela of the three kids"
II Zeta the star in which astronomers are now
interested. is the farthest from Capella.
Now that YOU have located Zeta Aurigae and seen
it for yourself you will be curious than ever to
know why astronomers should be interested in it.
You need spectroScope to discover the reason.
Even in the telescope Zeta Aurigae looks like an
ordinary But the spectroScope revalS that it is
not single star but two stars revolving around each
other
There are many double stars in the heavens
but this special type Of particular interest. 1t is
what is known an eclpSng binary
The orbit Of the two stars is oriented with
respect TO the earth that the two stars go around
each other one passes in front Of the other Conse
qUently. when the DINNER Of the two gets in front
OF the brighter one. there is an eclipse.
A a result. the astronomers Of more than a dozen
L n obServatories have had Zeta Aurigae under OBJ
servaton for the last three months. AT the Harvard
Observatory more than 700 photographs have been
made 10 record the changes in light intensity the
eclipse took place.
which reveal the fact that the star is a binary.
When the eclipse takes place, however. the spec
trum Of the brighter star Will disappear entirely.
There will be left only the spectrum of the DINNER
star In addition there interesting effects TO be
gotten only at the instant eclipse begins or ends
Prom these studies IL 2ped that new and in
teresting information earned.
Because Of the motions he stars there will be
changes IN the mixed Spech lit Is these changes
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
Not a Fantastic Dream

I HAVE heard many call Sinclair impractical and
dangerously visionary, but I blessed if
can understand the so-caled CommOn-sense of those
men of property who seek to end unrest by spread
ing gold carpet front of one of CALIFORNIA; most
palpable stuffed shirts. The cry has been raised
that Upton Sinclair is a Communist. OF course he
isn't Neither am / If 1 we're the news from Cali
fornia would fill me with unhoy Joy. I would urge
all my friends and fellows to vote for Merriam.
This is not fantastic. I know a number of ex
treme radicals who were disappointed in Mr. Hoo
vers defeat in 1882. They said quite frankly, -Four
more years like that and what earth could stop
a revolution" I not predicting that red rebel
lion will follow Immediately upon the heels Of Mer-
RAM if he is elected. In his time and in mine moth
ing even resembling that may happen. But do as
sert that the surest way to promote unrest and
strengthen the argument of those who believe in the
violent overturn of government is to put harsh
dunderheadS in Office through the excessive and
corrupt use of money.
If were a millionaire and I wanted to remain
millionaire I would do my very best to keep Mer-
Ram out of Office. Men with money generally want
privilege from the government which they support
But this is not day and age in which the wise
conservative will ask for second helpngS after every
course The intelligent malefactOr of great wealth
would be much smarter if he said to Frank Merriam
pretend you don't know me-" think anything over
million is rating Merriam little beyond his worth
to his own crowd. There can be victories bought at
too dear a price After all, once upon time, there
was king named Pyrrhus
tCopvriEht 1884. by The Tines
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
Your He 9th
; BY DIR. MORRIS FISHBEIN-

COMETIMES the ligaments which hold up the
- organs in the abdominal cavity relax or stretch
that the organs drop from their usual positions.
Organs naturally function best when they are
located properly and when the blood vessels nerves,
and other structures associated with them not
under any unusual strain.
good many persons know about the possibility
Of dropping Of the inteStines in the abdomen, but
few have realized that the kidneys, the spleen, or
other organs may also drop.
Movable kidney is most common in women Out
Of SGT cases seen in hospital 5o4 were in women
and only eighty-three in men, Most often it is the
right kidney that drops down rather than the left
TN many cases considerable reductions in weight BY
i women who have been Fat causes the fat to drop
away from around the kidney and thus 70 let the
structures down.
In few instances in man the dropping Of the
kidney seems to be associated with the lifting Of
heavy weights.
The doctor can find out whether the kidney is in
its proper position by examining the patient with
his hands, since, if the patient IS thin enough, the
kidney accurately be felt through the wall OF
the abdomen.
1t is also possible, through use Of the X-ray, to
take pictures Of the kidney after the giving Of drugs
which localize in and then determine where the
kidney lies in relationship to other structures.
THERE are some cases in which the kidney will
i twist so as to pull on the blood vessels or other
structures associated with it. sudden exertion
standing for long time may bring on an attack.
When this occurs, the patient has severe PAIN
nausea, and sometimes vomiting and sometimes coll
lapse. Frequently there is a chill.
In many cases also the flow Of fluid from the kid
ney is interfered with by the twisting or strain.
In most cases person who has a movable kidney
can get relief by wearing a abdominal support.
When there is severe pain, nausea, or vomiting as
frequent intervals 1t may become necessary to oper-
ate these patients to tx the kidney into position
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

when to buy it or when to sell.
1t will not give you any advice as
to your conduct. 1t will send to
any citizens for a small fee COM
plete information about any new
issue. But you still have to use
your noodle.
For the first time in our history
Wall street has been annexed to
the United States. The federal
government has asserted its right
to govern the stock exchanges.
Plenty of teeth we're taken out of
this act before it was passed, but
large powers were delegated to the
commission, which can be as dras-
tic as it chooses. The chief fea-
lures of this law are as follows:
No exchange may operate as
such after Oct. /, 1884, unless it is
admitted to registry by the COM
mission. And before it is admitted
to registry it must comply with
the requirements of the commits
sion, furnish elaborate informa-
ton about itself, satisfy the COM
mission that it can enforce its
authority and agree to abide by
the rules of the commission.
Trading on exchanges is not
permitted in unlisted securities
and before securities can be listed,
application must be made to the
commission. In that case elaborate
information about the corporation
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
His Houses Collapsed

NNE was falen-away capitalist who said he had
~ seen his business go down and down until he
now was converted thoroughly to the EPIC plan of
economy. He had been manufacturer of come
apart houses in the days of the Los Angeles land
BOOM He also had acquired a bank. He had fur
thermOre, owned a moving picture company in
Hollywood. He seemed strangely eXultant as he
told of the terrible decline of his comeapart house
factory under capitalism He mentioned the crash
of the bank with pride which confused your cor
respondents confusion And he positively boast
full when he to the failure of the moving pic
ture plant.
The Come-apart said Mr.. Sinclair had one
fine trait in common with President Roosevelt. Mr..
Sinclair was willing to consult expert intelligence on
technical matters. The tripe-crash was there
as an economic expert. qualified by failures in
featuring, finance and art. He there as a pa
trot, too willing to sell to the state of California his
burdenSOme and almost imperative factory for the
manufacture of canned bungalows
There mistaking his strange delight in
failure.
"And do you want to know something else?" he
exclaimed brightly. president Roosevelt has been
running in the red in his personal finances too What
do you think of that?'
The fourth member had little to say for himself.
He, too, Outlander who to California
twenty years ago. but found San Francisco inhos-
pitable He conveyed a suggestion that San Fran
cisco had given him the buns rush. He therefore
continued on to Los Angeles where he found the To-
cal temperament congenial and went native He
still was mifed somewhat to recall that the native
Calfornans Of San Francisco had treated him cooy.
The mills Of the gods grind slowly, but now, after
twenty years he sitting in at a mighty confer
ence of the outlanders who are bent on changing
CALIFORNIA; government to a socialistic what-not
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

them on to the gullible public
through a combination of bally-
hoo and other peoples money.
This was made possible because
the promoters could operate in
secrecy and escape the legal re-
sponSibility of their conduct.
Under this act new issues pub
licly offered must be registered
with the securities exchange COM
mission. Complete information
about them must be disclosed.
That information is open to any,
one. And the promoter, banker or
corporation executive who wilfully
misrepresentS the facts can be
held liable for the losses sustained
by his victims. How Wall Street
has howled about that act 1t had
one terrible fault. The Wall
Street lawyers could find no way
to get around it. But they have
succeeded through the aid of allies
in the treasury in getting it
amended and, am sorry to say,
weakened.
THERE are many things the
Il act does not attempt to do. 1t
does not put the government in
the business of advising you about
bonds and stocks. The commits
sion will not tell you what to buy,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

FINDER the GlaSs-Steagal Act
- changes long demanded in
the banking system were adopted.
Most important are:
l. The federal reserve board is
empowered to check too great
flow of credit into security loans
by cutting off reserve credit to
banks which exceed proper limits.
2. Investment bankers can no
longer act as commercial bankers.
Under this the great firm of j. P.
Morgan q Co. have been forced
out of the security business which
they ruled with an iron hand for
so long.
3. Investment bankers can no
longer serve on the directories OF
commercial banks.
4. National banks and banks en-
joying reserve privileges are COM
PEELED to cut off their stock
affliates. For instance, the Ma
tional City bank is a corporation.
The National City Company was
an entirely separate corporation.
Their ownership was evidenced on
the same stock certificate and
both belonged to the same set of
stockholders. 1t was as if the
bank were split into two corpora
tionS. One was called a bank.
One was called the National City
Company. In the latter the bank
ers were enabled to do all the
things which the law forbade the
banks doing. 1t was an outrageous
Subterfuge invented by clever
lawyers. 1t worked untold losses
on the American people. That
has been stopped.
5. An attempt has been made
to bring holding company banking
under some sort of control by
forcing holding companies which
own banks to submit to eXamina-
ton.
There are a good many other