davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
TOLEDO CASH GRAIN

TOLEDO, Jan. s.-(Grain in elevators
Transit billing. Wheat-No. .. red. 87I5S1
88l2c;. No !. red, &c premium Corn-No.
q yellow, 52lz5@ 53iSc. oats1-No. ?. white.
prices 2Sl2c rate Wheat - No. !. red
80 = @ Sac; No. 2, red. 82l20 83Iac. Corn
No 2, yellow, 47i2G49l2c; No 8, yellow.
yellow. 44G45c Oats-No >, white. All, ~
38l2c; No. 8, white. 37d 38c. Toledo seed
ciose-Clover-March. s8.25 Asike-Cash.
50 30. Produce-Butter-F creamery.
&c re aE.ggs-EXtras. l9@l9i2c. Hay-Timo-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Births

George and Eva Baker. 1145 West
Thirty-seventh
Dale and Mary Gresham 2o7 North Ire
mont.
Merle and Ellen Trump. St. Vincent's
hospital.
Walter and Mardma Nielsen. 1852 North
Harding.
Fay and Laurel Ford. I744 Howard.
Michael and Ruth Boyle. POI North
Randolph.
August and Margaret Alandt. st. Vim
cents hospital
- Glenn and velma Blocher. 1903 N
Healing
Gilbert and Helen Craig 2215 Green
briar lane
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Bright Spots
Bv United Pres!

By United Press
Chicago, Milwaukee, st. Paul &
Pacific reports freight loads last
week were 1882 cars, up II per cent
from the corresponding week of
1882.
First National bank of Baltimore
declares extra dividend of so cents
a share in addition to regular quar-
terly dividend.
Draper Corporation declares
special dividend of 60 cents a share.
st. Louis Stockyards Company in
creases its quarterly dividend pay
ment from S1.25 to 1925 a share.
New York, Chicago & st. Louis
Railroad reports freight loadings
last week were 1902 cars, against
$3.50 cars in the like 1892 week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Chicago Futures Range
CHICAGO CASH GRAIN


CHICAGO. Jan. s.-wheat - No sales
Corn loldl No. 2, yellow. 49ia@ soc: No. ,.
white. 81 &c: new No. ? mixed. 4Sc. No.
3, mixed, 47c; No 4 mixed. ACC; No ,,
yellow. aga 49i2c, No g. yellow. 48G48lsc;:
No, 4. yellow, 46a47c No. 4. white. 47Isc.
Oats-No. 3, white 37ia ia 38c No. 8. white.
&c; No. I. white. 36I4c, sample Grade.
32'4c. Rye-No. sales. Barlev-488 SIC
Timothy, s550a6 Clover Seed-Sl1als rs.
Cash Provisions S5.45: loose. S4.67:
leaf. S462; S, Bellies. s5.75
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
STOCKS TURN
IRREGULAR IN
QUIET SESSION
Sharp Rally in U. S. Dollar
Fails as Depressing
Factor.
Average Stock Prices

Average OF thirty industrials for
Wednesday: High lOO's3 low s7.75 close
5000. of i27. Average Of twenty rails:
4i52. 40I6 1854 of 43 Average Of
twenty utilities: 23.43. 22.28. 2268, of 81
Average Of forty bonds: 1897 up 81.
Average Of ten hrst rails: 9l56. UP 09.
Average Of ten second rails 10 SO. up So
Average Of ten utilities 81 ST. up I3.
Average Of ten industrials: 1907. up 81.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
BIZ United Press
EXECUTIVE ORDER TO
CENTER CONTROL OF
EMERGENCY SPENDING
BIZ United Press

By United Press
WASHINGTON. Jan. 4. - Co.
ordinated control Of all emergency
expenditures was made effective
today by President Roosevelt in
an executive order published
simultaneously with his budget
message to congress.
Henceforth all expenditures Of
the emergency organization such
as purchase of supplies, establish
ment Of salaries and increases of
compensation are subject to audit
by the controller general.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
ASK LOAN APPROVAL

Pennsylvania r. K. Proposes to Use
Money for New Project.
By United Press
WASHINGTON, Jan. 4. - The
Pennsylvania railroad today asked
the Interstate Commerce Commits
sion to approve the $1,000 900 loan
recently contracted with the public
works administration
The railroad said it proposed to
use S45,0O0,000 70 complete electri-
hcation from New York to Wash
ington; Sl5.O00,OOO for l0l new loco
motives and Sl7,0O0,O00 for 1000
freight cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
ST. LOUIS CASH GRAIN
BIZ United Press

ST. LOUIS. Mo. Jan. -wheat-1n
and &c lower on hard: No. red 89T
89i2c; No. 3 red. 88lac: No ? hard 85i5c
nominal Comm limited demand. tone
steady; No. yellow Az n 48c: No 5
yellow. 46i2c. Oats-In limited demand.
tone steady; No. 2 white. 38iac: No Z
mixed. 36c: No. 8 cereal White 34c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
In the Cotton Markets
CHICAGO FRUIT MARKET

CHICAGO. Jan. 4-Apples-Nichigan
Jonathans. bushel s1nl.50 Carrots-Ilu-
nols. 50a7 5c. Spinach-75c 1Sl.15. Beans
Southern green. Sl.55M225. Mushrooms
-l5@ soc Observation-Disclosures s2.2563:
dollhouse. s2.5Oa350. Tomatoes-Florida.
g asa $50; Illinois and Ohio dollhouse,
StGl.l5. Leaf lettuce-Illinois dollhouse.
2i2eil5c. Ceiery-Michigan 75cM 81 40
Cabbage $3.50. Sweet potatoes
Illinois. Si.256 ! 40: Indiana $1,000 / S.
Onion market-Western Valencias buShel
81 .05s Is: central western, yellows, bush
el, Sl.05Ml.l5: western whites, buShel
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Wall Street
Business Shows Progressive Improvement in 1888,
and Promises Further Gain This Year.
BY RALPH HENDERSON,
Times Special Financial Editor

1888 although registered
toward the end 1884 will somewhat
better
deal de-
tons Indications will be given public
works the credit TO business
and less to the urherance Of the gold price increase plan
appears depression
collapse
action Of President Roo
Immediately
been permitted its
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04

until
belief that is where it by vested right
allegiance because
and his colleagues
fundamental Importance
the extraordinary
the legislature.
Those the certain nuse the whole
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
NEW YORK CASH GRAIN
By United Press

IlIITW 7
NEW YORK. Jan. 3.-Cash grain. Wheat
No. 2 red 81 .005s No. hard winter.
81 .002s. Corn-NO 2 mixed 585sc Oats
No. 3 white 457kc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Other Livestock
BY UNITED PRESS

BY TNITED PRESS
STEADY: I7o-2a5 i6s-. ss'45d855: 555-275
lbs. s33503.40; 275-325 lbs s325a3.30:
l40-170 lbs. s290G3l0. l20-I40 lbs,
roughs, s275 down. Top calves. $3.50. Top
lambs $3.50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Securities Act Helpful

which touched the banking situation
This placed definite severe
securities the public and while it,
existing law provides
tends direct long in
safer and profitable channels
Rooevt administration the threat OF
Prices sharply for time due to forward buy
part manufacturers and spectators When actual imitation
developed
drasticaIy
depression had been
resumed threats of imitation
developed started toward fall and
low made since
important lever used by the government to stimulate
the
the theory being that commodity
theory has not worked out well had been
that did important part in
supporting the built the prospects Of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Retail Coal Prices

The following prices represent quota
tons from leading Indianapolis coal deal
is allowed.
DOMESTIC RETAIL pPIcrc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Daily Price Index
By United Press

DU CWtIJU T 7 U.s.
NEW YORK. Jan. 3.-Dun e. Brad
streets daily commodity price index of
thirty commodities compiled for the United
na3n-1a32 Average 1nnl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
u. S. Government Bonds
.lpy Abbott. Hoppin 9 Co.l :

NEW YORK. Jan. S-Closing Liberty
Bonds: (DeclmalS represent 32nds.1
LIBERTY
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
SHEFp Ann TAEIBS

oHEEF AND LIMBS
Receipts, 900; market steady.
80 lbs. DOWN Good &, Choice $750T 800
(90-110 lbs.) Good and choice. 7O0G775
go lbs. down Com. and med. 4504 100
Ewes
Good and choice ............ 2000 800
Common and medium ........ 100Q 200
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
$50 APPOINTMENTS GO
TO SENATE FOR ACTION
Mr.. Morgenthau, Whose Name
Heads List Wins, Committee OK.

Mr.. MCrgenthau, Whose Name
Heads List Wins, Committee OK.
By United Press
WASHINGTON, Jan. 4.-Presi-
dent Roosevelt today transmitted to
the senate for confirmation the
nominations of more than $50 per-
sons appointed to government posts
since congress last was in session.
The name of Henry Morgenthau
Jr., recently appointed treasury sec
rotary headed the list.
The list also included the nominal
tons Of William c. Bullitt as
ambassador to the Soviet Union, as
well as other diplomats, collectors
Of customs and internal revenue.
army and navy officers and mis-
cellaneouS appOintees.
By United Press
WASHINGTON, Jan. 4.-The
senate finance committee today
voted favorable report to the
senate on the nomination Of Henry
Morgenthau Jr., to be secretary Of
treasury. The action was unani-
nous.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04

Jan. 4
Net balance for Jan. a.. $685., 991, ITO IT
Misc int. rev. rcpts.. 10,905 568.09
Customs rcptS. mo. to date 2,290,59526
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04

would paid by the banks ong-term
term requirements small business
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Reply to a Critic

l. 1PQGIdl IeSSINS DOdlQ, GO-
mund Platt. had a letter in yes
terday's Herald-Tribune, discussing
recent article of mine which dealt
with the basic agreement between
Professor Charles Rist, the French
monetary expert, and Professor
Warren.
After admitting that in the Rist
article there are sentences which
seem to support Professor Warren"
Mr.. Platt goes on to say that Mr..
Rist nevertheless completely de-
molishes" the Warren theory and
that I either could not have read it
(the Rist article) or failed to note
the sections which are Numerically
in opposition to Professor Warren's
theories" This is serious and calls
for reply.
Mr.. Platt's proof for claiming that
I have misrepresented the matter is
as follows:
Apparently Mr.. Rist does not
believe that the drop in prices
to their present level could have
been avoided even by devaluing
Our currency as early as 1922. He
says: "AS regards price levels, we
would probably be where we are
today, but the disasters We have
experienced in getting there would
have been avoided" By the last
clause I suppose he means that
the shock to confidence given by
the suspension of gold payments
in England and elsewhere might
have been avoided.
This is a misunderstanding not
only Of Professor Rist but of Pro-
fessor Warren. The point on
which the two professors agree, and
it is the main point in diagnosing
the monetary disaster of the last
ten years, is that gold prices were
bound to fall to something like the
prewar level
Both agree on the reason why
they had to falI-nanely, as Mr..
Rist puts it, that "notlo'~g in the
quantity of gold production justified
any such reduction in the purchas-
ing power of gold" as would be rep
resented by price level so per cent
above prewar.
As Professor Warren was able, in
1920, to predict this fall in prices,
and to predict it not by gazing into
a crystal ball but on the basis of
his theory, maintained in my
article that he had earned the right
to respectful hearing.
OBVIOUSLY, Mr.. Rist does not
~ believe that the drop in gold
prices could have been avoided by
revaluing our currency in 1922. But
neither does Mr.. Warren. The very
essence Of the argument of both
men is that the fall in gold prices
was, as Mr.. Rist says, inevitable"
Mr.. Rist does not discuss the
question as to whether raising the
price Of gold is an effective method
Of raising the price levels. So I do
not presume to say what he thinks
Of the present gold purchase policy.
But that he does believe that a
higher price level requires a lower
gold content, which is the same
thing as saying a higher gold price,
is inherent in every argument he
used.
Therefore, I said. and now re-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-01-04
Federal Farm Loan Bonds
BY BLYTH e. CO. Inc.

Home Loan As. July l, 1851 T.. SO 81
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28

ton Of oranges from 80 per capita per year
to r. Of canned soup from a gross Of half
a million cans a year TO $4,000. 900. The great
mechanical developments. the automobile and
the radio, were made items OF household neces-
sity by advertising.
Attempting without advertising and by the
primitive salesmanship of the peddler to create
an ordinary modern demand for new products
would be not merely bad business but physi-
cal and financial imposSbility.
An army Of doorbeI-ringers and house-to-
house canvassers could not reach the con-
sumers. Volume of production is linked per-
manently to mass demand, which can be
created effectively in no other way than by
advertising.
Not merely the pioneer and the wealth of
natural resources have built up the United
States as We know it. Mr.. Lasker has pointed
out another factor Of importance second to
none-advertising. an essential cog in making
our modern industrial engine hit on all cylin-
derS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28
NEW DEAL REORGANIZATION

DONALD RICHBERG energies on top Of
~ the heap. That seems 10 be the signif-
canoe of the elaborate reorganization of NRA
promulgated today by President Roosevelt. 1t
puts another official stamp upon Mr.. Rich
berg's function as chief adviser and assistant
to the President, which has been increasingly
apparent since last spring. Though Mr.. Rich
berg has MS faults, the President probably
could not have found more effective man
for this many-sided job.
In addition to serving as director of the
industrial emergency committee, executive
secretary of the executive council and execu-
tive director of the national emergency coun-
Gil, Mr. Richberg is to have "such further
functions and duties as shall be prescribed by
the President" according to one of last nights
executive orders. That appears to make him,
in effect, director-in-chief of the New Deal.
For these sundry executive and emergency
councils and committees, or super-cabinets,
will handle not only NRA, but the whole range
Of New Deal activity, including agricultural
recovery relief and public works.
Of course, these councils are not new, but
the fact that the President re-emphasizes
their co-ordinating and policy functions at the
time he is recognizing the MIRA and pulling
the entire New Deal operation closer together
is important.
Under Director Richberg and the industrial
emergency committee-conssting of Secre-
taries Ickes and Perkins, the MIRA chairman,
AAA administrator and federal relief adj
ministrator-will be the new NRA admnistra-
tive board. The latter will replace General
Johnson. 1t is to be composed of two con-
sentative business men, Clay Williams and
A. D. Whiteside; two public representatives,
Professors Leon c. Marshall of Johns Hopkins
and Walton Hamilton of Yale, and Sidney
Hillman, the very able labor representative
All of these men served under the Johnson
MIRA
The effectiveness of the Presidents new or
ganization can be judged only by it's record in
action. But such names as Richberg, Hamil-
ton and Hillman encourage hope.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28

FUTILE VIOLENCE

THE causes Of the textile strike are remote
- from Indianapolis. They are a part OF
a nationwide struggle between big industry
and its employees. This conflict. We think.
would never have taken place had it not been
for the shillyshallying Of the NRA over the
problems Of the workers
Now, at last, the administration has APP
pointed a competent board to iron out these
grievances At the same time Mayor Sullivan
Is bending every effort 10 discover a fair set
tlement Of the local trouble at the bleaching
works.
With competent national and local au-
thorities doing all they can to aoudicate this
dispute il is deplorable that the textile strikers
in this city are INDUCING in malicious violence.
Throwing stones convinces no one. accom-
plishes nothing.
In many strikes the mill management i'm
ports hired thugs to stir up strife. The man
agement Of the indianapolis Bleaching works
has not been guilty Of this. It has brought no
professional strike breakers from out of town.
It has scrupulously avoided even the appear
ance OF violence.
We watched the strikers shower stones
upon the employees OF the mill and the police
yesterday afternoon. The police. we thought
showed amazing forbearance and excellent
discipline. Not a nightstick was swung, not
prisoner roughly handled. After all it is
pretty hard for a human being, whether he
is a policeman or not. to stand quietly while
he is being stoned. They arrested those whom
they saw hurting rocks and that was all
The only real damage was a smashed
windshield received by a truck driver who was
not connected with the strike in any way, bu
was simply going about his business on pub
lie highway. as he had perfect right to do.
The strikers have talked pretty freely about
their rights as citizens. That truck driver was
a citizen. too
Yesterdays stone throwing was particularly
reprehensible in view of the fact that the au-
thorities had reduced the bail of several strik-
ers arrested the day before upon the as
surance of strike leaders that there would be
no more violence.
The textile strikers have a case which is
being heard by established authorities But
the textile strikers do not own the streets of
Indianapolis. They happen to belong to all
the people
This needless and lawless violence must
stop.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28
THE DOLE is ON US

EMOTIONAL Americans, accustomed to
II throw devil-words at things they do not
like, for years have been hurting the word
dole" at England's system of unemployment
insurance. The word has boomeranged and
struck our own relief system.
THE immense and still inadequate dole
which we have had to establish Frances
Perkins. labor secretary, says, has cost us
far more and given our people far less Sc
curity than the British unemployment in
surance scheme"
Miss Perkins is right Our dole is spread
out thinIy over 100000 persons, including
100000 children under Is years of age. 1t is
inadequate. averaging just little more than
s23 family month.
What of England? Recently the American
Association for Social Security sent an open
letter to congress and the state legislatures.
declaring that had the United States been OPP
Grating under the British system our taxpayers
would have saved s7O,0Oo0O0 last year.. We
should have been able to care for much
larger number of unemployed persons, twice
as adequately" and still saved that amount.
The reason is simple. In England employees
and industry helped the government to the
extent of some s15OOOO,OOO last year. Here. ex-
cept for scant charity, the taxpayers pay it all.
Miss Perkins announced herself in favor Of
compulsory jobless insurance on a national
scale. With the President committed to q
broad social security program she should have
better success with measure like the Wagner
Lewis bin next winter than she had last ses-
sion
The word dole" will be found in Web
ster's dictionary to mean: That which is dis
tributed. especially a gift of charity. aims,
a limited portion" 1t is mean thing to have
cost US more than $1,000. 900 a year. We
have had it four years too long
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28

one too, but not in a recent strike.
Everywhere 1 go people whisper,
There is a scab."
Once you are stamped your con-
science never will let you rest. I
realize now that my best friends,
my lifelong pals, were fighting for
me; not so we could be rich, but
that we might have time to enjoy
living.
I am without work now, because
I found all the fowery promises of
the bosses soon wilted. While the
strike was on, we scabs were patted
on the back and treated very friend
ly, but I am telling you, no pat of
the boss can take the place of the
love of your fellow-w workers and
friends and you can not live on
your scab wages after you have
been let out of a job. I am glad I
lost my job. 7 couldn't have stood
the cold shoulder much longer
anyway.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28
AN INDISPENSABLE COG

A LBERT D. LASKER. one Of the leaders
II Of the advertising profession. speaking
before the Boston Conference on Retail Dis
triTution. expressed a highly controversial per-
sonal opinion Of the New Deal and the de-
feated T1gwen bill. but there can be no con-
troversy whatever as to the credit he gives to
advertising for the enrichment Of American
life
The high standard Of living in this coun-
try Is directly the result of advertising, Mr.
Lasker pointed out. A desire for more things
to use. consume and enloy-dormant in the
backwoods and among the nliterate-is created
and famed into an active buying demand by
advertising.
In consequence orders pour in. mill wheels
turn. jobs are afforded to the unemployed,
money passes benencially from hand to hand
As Mr.. Lasker puts it: i maintain that
advertising has stimulated production by slim
ulating consumption. maintain it has done
il on 20 vast a scale as 70 bring about a higher
standard Of living among the American people
than would have possibly existed without adj
verffsing under any system"
Advertising put I'D the national consump-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-28
SUSPICIOUS DELAY

EVERY lover of good craftsmanship might
have had some degree of sympathy for
Captain T. o. M. Sopwith in his protest of a
foul on the part of his opponent in the inter-
national yacht races off Newport
Somehow or other, the amenities so aptly
defined by the ancient comics, Alphonse and
CASTOR, are required under the racing rules,
when the commander of an overtaking YES
sel-in this case the Rainbow-suddenly is
confronted with determination on the part
of the leading boat, the Endeavour, not to be
overtaken.
Quite possibly. Commodore Vanderbilt
should have bowed himself away to permit
Captain Sopwith to huff into the wind ahead.
But what lost the BritiSher both the de-
cision and the sports-loving Americans SYM
pathy was the fact that he took three hours
to pillow through the rules for cause of pro-
test before flying the red flag. In America,
he should know, protestants yell first and find
the cause later.