davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Practical Problem Arises

A practical problem arises in con-
nection with the recent nationaliza-
ton of silver. How will this action
be undone? The problem will be
made more intricate if silver certi-
f1cateS are issued against the silver
received by the treasury.
The repeal of the Thomas amend
ment to the agricultural act would
certainly be contribution to busi-
ness sentiment" but here again a
powerful lobby, in the form of the
committee for the nation, Father
Coughlin and Senator Thomas, will
do all in its power to prevent the
repeal Of this measure. The success
that this group has had in having
its pet projects accepted by the adj
ministration definitely indicates that
the repeal of this amendment is
virtually impossible.
However, this program represents
one of the few logical conceived
plans to thwart the forces of infla-
ton before they create the havoc
which must follow in their wake.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26

the NRA would prove unsatis-
factory. The administration even
conceded as much. 1t was and still
is experimental, but actual prac-
tice has revealed good as we'll as bad
points. It should be possible, by
reason of court tests and expert
mentation, to separate the good from
the bad in the act and to recon-
struct it on basis which will bring
permanent betterment.
Many of those who now OPP
pose the NRA were for it in the
beginning and received benefits
from it. Big business was helped
by the curb which was placed on
the smaller fellow, who was able
to undersell it in many instances
under the peculiar circumstances
existing when it was brought into
being.
Big business also was able for
the first time effectively to cast
aside many Of the provisions OF the
Sherman antitrust laws. Its gain
in the right to organize was, OF
course, offset to large extent by
the right given to labor also to or
ganize. And more recently price
fixing has been discouraged, so in
the final analysis it may show a
net loss in benefits.
DEMANDS have come from many
IL quarters of late for the per-
manent sterilization of the dollar
in some fixed ratio to gold. That
is a subject, of course, to which all
students of money have given con-
siderable thought. While there is
disagreement over the theory that
a permanent fixed value would help
business at this time, many are
wondering how this country could
safely take such a step so long as
there is so much confusion among
other nations. Currency values are
definitely tied up with international
trade and the nationalistic policy
on such trade is still very much in
vogue throughout the world.
England has adhered to vigor-
Gus trade policy throughout the de-
preston. She has set The pace in
many respects, suspending the gold
standard a year before we did and
making individual trade agreements
long before we thought of it. Eng
land has no intention of placing a
fixed value on her currency, accord
ing to London dispatches, and sew
eraI other countries are on the verge
of suspending the gold standard, in
the opinion Of competent observers.
Under the circumstances it would
seem to be a rather bad time, many
believe, for this country to make its
monetary bed.
THE United States has shown a
l. desire to keep the dollar
pegged at its present level. Heavy
shipments of gold have been per-
mitted TO leave this country for
that expressed purpose. Uncertain
ty will continue, of course, so long
as demands for further reduction
in the dollars gold content persist,
but it is rather difficult to see how
the government could do much more
in that direction than it has done,
in view of the circumstances.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Wall Street
-Wet,el Market Bureau, lne.'
RALPH HENDERSON, =
Times Special Writer.

CEVERAL phases of the New
~ Deal" have been attacked success
fully in the courts during the past
week or so, and the chances are that,
emboldened by these results, OPP
ponents of the NRA will become
even more active in the judicial
branch of government than they
have been thus far. In all probable
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
TINE United States has shown a
WORKING HOURS ARE CUT
Members of Shirt Institute to Boost
Wages 10 Per Cent.

By Times Special
NEW YORK, Sept. 26.-Reduction
in working hours from forty to thir-
ty-six a week and an increase in
wages of 10 per cent, was announced
today by the Shirt Institute. The
change will be effective Oct. l.
Approximately one hundred man
ufacturers are members Of the insti-
tute. They produce Is per cent of
the mems shirts and 30 per cent of
the children's shirts marketed.
The revision will provide a Sl3
weekly minimum wage scale in the
north and S12 weekly minimum wage
in the south. Members of the insti-
tute employ fifteen thousand per-
sons in eight states.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
WOOL INTEREST GAINS
Buyers Look Around After Being
Absent From Market.

By United Press
BOSTON, Sept. ga few wool
buyers who had been out of the
market during the strike are begin
ming to look around in the market,
but as yet little business has been
closed. in greasy combing domestic
woods, according to today's deport
of the United States agriculture de-
partment.
Some business has been done in
Boston on wooden woods with mills
that have reopened. Reports indi-
cate that there has recently been
some business closed on woods
loffered direct from Texas at around
So to so cents secured basis, deliv-
cred east.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
LOW BIDDER NAMED

By UntteU PT688
WASHINGTON, Sept. 26.-Stand-
ard Construction Company, Tacoma,
Wash, today was apparent low bid
der with Sal, 724 for construction of
the Montesano (Wash) postoff1ce.
Harry Boyer Sons e. Co., Olympia.
was second with $41,753 and How
ard S. Wright g. Co., Seattle, third,
with SAG, 700.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Silver Trading Near

Seat allotment on the new Mont
real Silver Exchange has been COM
pleted, further advancing the way
for the start of trading on Oct. l.
The size Of the unit contract has
been set at 10000 ounces with COM
missions abou4 on the same basis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Illinois Notes Sold

The 100000 state of Illinois 5
per cent revenue notes were ac-
CURED yesterday va Chicago bank
ing syndicate on bid of 100,317, or
about 3,125 per cent interest cost
basis to the Dec. l, 1884, call date.
The notes were then reoffered to the
public at 1907 to yield per cent
to the call date and per cent
thereafter.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26

ity, however, sew
eral months will
have elapsed be-
fore it is possible
to get important
cases before the
supreme court, and
in the meantime
there is likely to
be no little con-
fusion in industry.
1t should have
been obvious from
the S t a r t, of
course, that some
r
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Houdaille- Hershey PAYS

Taking cognizance of the in
creased profits shown during the
first eight months of the year, the
Houdaille-Hershey Company has
declared a dividend of SIPS on the
Glass A stock against accumula-
tions. This is the second such pay
ment this year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
ICKES RAPS OFFICIALS
Complains of Nonco-operation With
Government.

WASHINGTON. Sept. 26.-Ol
Administrator Harold L. IckeS has
complained Of nonco-operstion by
state oficials in the federal gov
ernments efforts 10 curb production
and distribution Of hot oil.
Naming no particular persons or
states. Mr.. Ickes said:
why don't they cooperate with
the federal government II they
would give US evidence where the
hot oil Il produced. we'd stop 1t in
forty-eight hours"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
REFERENDUM CALLED

a u = 49, 800
MEMPHIS, Tenn. Sept. 26.-City
council this afternoon voted TO call
q referendum Nov 8 70 decide
whether or not 10 issue not more
than 1900. 900 IN bonds for the pur-
pose a. acquiring. purchasing, or
building an electric distribution sys-
TEN for cheap Tennessee Valley Au-
thprity power.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
BONUS DISCONTINUED
gTtmes Special

By Times Special
CHICAGO. Sept. 26.-The Laclede
Gas & Light Company recently no
titled the New York Stock Exchange
that payment of bonus on unex-
tended refunding and extension
mortgage bonds, due April !, 1884,
viii be discontinued.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
SWEDISH ISSUE CALLED
By Times Special

By Times Special
NEW YORK, Sept. 26.-The
Swedish national debt Office has
called for redemption on Nov. 1, all
the outstanding bonds of the 10000
900 kroner issued floated in this
country in 1924.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
By UuifedPrem

b. United Press
NEW YORK. Sept. 26.-The stock
market today met moderate resist
ance to its rise begun in the late
trading yesterday. Prices at noon
were irregular with most changes
fractional.
Olcohol stocks we're the best per-
formers. At It's high, American
Commercial Alcohol was at 289s, up
1%: U. S. Industrial Alcohol 1914,
up 4; Schenley %, up Z. and Ma
tional Distillers 209s, up =. Most
of the gains we're retained as trad
ers anticipated pickup in liquor
business in the autumn and early
winter.
A few issues, in addition to the
alcohol list, broke out Of a fraction
al area. General Cigar was up
nearly a point at ATS. new 1894
high. United States Rubber pre-
ferred reached 39Ss. up IL; New
York Shipbuilding Is. up l; F. E.
Myers & Brother %. up rs; Armour
of Delaware preferred 95. up "a.
United States Steel at noon was
at 33&, off =.
Consolidated Gas was at 309s. up
-. Rails we're dull and steady. Sill
vers also we're inactive around the
previous close.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Other Livestock
(BY United Press

s Gd504S GSadn SEPT 1000 dTssss
slow, 1Oc to 15c lower than Tuesday; 20
s. Is 500; light lights, s5:25@s; most PIGS PICS
$3.50 down; packing soWs; S6@ osoio LED sgm
lights 5qlSe D $4,000 gSoSS ana bs Sood and
choice, s6@690; medium weights, 2oo-25O
lbs good and choice. $6.75q7; heavy
weights, 25O-35O lbs. good. and choice, $665
100 $50 lb $500 good and Choice, $s5o@5 Cattle
Receipts, 5000 commercial, 5000 govern
eminent; general market. very slow, liberal
supply good to near-choice light ana me
dunn weight cattle here, asking prices
recent so cents decline shipper demand
narrow and local killers only mildly in
terested; holdoyer from early IN week !
szeabe part loaq meoio aqads s{eers and
yearlings, S62569.50; cutter COWS firm to
15c higher; other classes Glow steaeS'
800 lbs. good and choice, s5.75@9 So. 900
IDOL, 800 lbs good and choice. $500, $500
sq5o sS9 1850 go fS 6S common ana Gd
medium S2.7567.5O; heifers, 55o-750 lbs,
good and choice, s5@S; com nm 90a and M
medium sn 7Y65 ed GUTs gsSs9d5 6 s. low
cutter and cutter. s1.759275; bulls year
lings excluded, good beef SO 1904; cutter
GOOD and choice, s6.75GS.5o; medium, IS
@6.75: Gull and common. s495; stoG exc
and feeder cattle: Steers 550-1,05o IDS
dun. s275G425. sheep-Receipts, -, 600;
commercial 1000 government; generally
around steady; bulk native lambs nla.
native ewes. ST 50G2.25: feeding lambs
quotable, $5@6 or above; slaughter sheep
and lambs: lambs 80 lbs. down, good ana
choice. S6256675;r common and medium,
s5G 6S5: ewes. 90-150 lbs. good and choice,
s165@2.5O; all weights common and me me
dunn. $1,000; feeding lambs, 5O-75 lbs,
good and choice, S5506625.
FIT. WAYNE. Sept. 2e- 5do gs5o 5sG
Sc 60; 10000 lbs, s64O 16O-1SO lbs. $50;
3oO-350 lbs, $3.50; 150-160 lbs, S. so: l40-
$50 lbs. IS IS; 130-140 lbs, IS: 120.130 los.'
435. 1O0-120 lbs. SO so: rouglls. SIS; stays,
Sis. Calves, $3.50; lambs, S6.25.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Retail Coal Prices
DOMESTIC RETAIL PRICES

me following prices represent quotations
from leading Indiana polls coal dealers
A ascent carving charge DER ton will BE-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Money and Exchange
sTATTMFNT
Treasury Statement
Last Year.

WASHINGTON. sept ADJOURNMENT
expenses and receipts for the current rs
cal wear 10 Sept -. compared with the
eorreSpondine period Of the previous
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26

Tariff Walls, Exchange
CurbS and Import Quotas
Called Barriers.

This is another of the series of articles
in which economic topics are discussed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Cleaning the Ne10S
Silver Purchases

as those which prevailed on the
New York eXchange.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
uneven TREND
DISPLAYED BY
STOCK MARKET
Alcohol Issues Contribute
Best Showing by Nov
ing Higher.
MARKETS AT A GLANCE

MARKETS AT A GLANCE
By United Press
Stocks irregular in narrow range;
trading dull.
Bonds irregular; utilities strong.
Curb stocks ease slightly on profit
taking.
Chicago stocks quiet and mixed.
Call money per cent.
Dollar eases in foreign currencies
All grains were lower.
Chicago Livestock-Hogs, weak;
cattle, sheep steady.
Cotton steady, unchanged to up ?
points.
Rubber of is to 19 points.
Bar silver unchanged at 491z cents
an ounce.
Copper 9 cents a pound.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
JULES BACKMAN AND A. L.
JACKSON,


JACKSON,
Vice-Presidents. Economics Statistics, Inc.
The statement of the American
Management Association regarding
monetary imitation was a simple and
clear analysis of the effects of the
steps which have been taken in cons
nection with money. The statement
should. be read by every one inter-
ested in gaining a clear grasp OF
where our monetary policy is lead
ing us.
In conclusion. they suggest bold
program to undo most Of the harm
that is inherent in the legislation
passed since the banking holiday.
If the measures which are outlined
below could be adopted, there is no
question but that they would pro-
duce a SLOW but sure recovery"
Four Recommendations
The four recommendations mads
were:
That the President announce his
firm purpose that there will be no
further debasement of our monetary
standard, but that his intention is
to stabilize as near to the old par
as practicable.
That, as soon as the dollar is
stabilized, both our paper and silver
money shall again be made convert-
ible into gold, and that all restric-
tions on the private holding of gold
shall be removed.
That all silver legislation passed
by the recent congress shall be re-
pealed at the next session.
That the so-called initiation" or
Thomas" amendment to the Agri-
cultural Adjustment Act, passed on
May II, 1888, shall similarly be re-
pealed at the next session of con-
greSS.
Would Be Big Boon
A definite statement by the Presi-
dent that he would stop tinkering
with the currency would be the
greatest single boon toward the
business recovery.
The dollar can not be stabilized
on a permanent basis until the i'm
pediments to international trade
such as tariff barriers, quotas, for
eign exchange restrictions, ETC., are
removed. Serious difficulties would
also be encountered if the dollar
were to be revalued upward to any
considerable extent
The third suggestion, namely that
the recent silver legislation should
be repealed at the next session Of
congress, is one that is apparently
politically impossible of accomplish
ment. The silver states, with rela-
lively large number of senators and
the powerful silver bloc, will GER
tainly fight hard to prevent any
such step.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-09-26
Chicago Futures Range

Local Wagon Wheat
City grain elevators are paying SO cents
for No. soft red wheat. Other grades
on their merits.
The Waterbury Democrat., 1934-03-22
BY HENRY McLEMORE
Omitted Press Staff Correspondent

Augusta National Golf Club,
Augusta, Ga, March 22-CUP)-
The boys were ordering another
water-down heah they don't go
in for such fol-de-rol as club soda
or ginger ale-and talking, of all
things, about the game of golf.
Thus far there is nothing to dis
tinguish such talk from that going
on at this very minute in a million
well, at least, a few hundred golf
clubs throughout the republic. But
as g. matter of fact, this attentive
reporter, whose ears are always to
the ground can tell you that the
boys were actually changing a rule
in the honorable and ancient game
Of golf.
1t is difficult to predict how soon
the rule will be altered. But 1 can
tell you that such prominent per-
sonages as Bill Burke, AL Watrous,
Wild Bill Mehlhorn and JESS
Sweetser are for the change and
that another radical, one Herbert
H. "Tack" Ramsey, Is also planting
the hot seed of revolt. And when
such distinguished citizens band
together, the Tories might as we'll
cash their remaining chips and go
home.
The rule? oh yes, the rule:
Well, it has to do with that ex-
ceedingly courteous feature of
medal play wherein each golfer,
after he has putted, picks up his
ball and then allows his opponent
a try at the cup. All of this, as
you can see and probably have
seen, takes an awful lot Of time.
The boys say that in Florida
and California tournaments the
gounds at times consumed as much
as four hours-perhaps an hour of
this time spent with the you first,
Alphonso, after you, CASTOR" tech
nique which is supposed to prove
that competitors are gentlemen,
though slightly foolish.
There is another factor, in addi-
ton to the time-devOuring one,
which makes the custom suspect.
1 might as well tell you fortnight
ly that occasional trickery is prac-
ticed. You see, when golfer
leans over and picks up his ball,
he puts down a dime or a penny,
row one from his caddy. And the
coin makes a little, an ever SO lit
tie hole in the grassy green. Now
when the ball is put back, is it put
/ in the middle, of the ever SO little
| hole? Sometimes yes, sometimes
no. Sometimes-and because hui
| man nature Is like that we have
night watchmen and time-locks on
safes-the ball is put down a lit
tie nearer to the cup. Other times
and because human nature is
like that we have hoosegows and
handcuffs-the mud that was on
the ball when it was picked up
is no longer there. And that, lit
tie buffers, is ever so much against
the rules.
According to the proposed
amendment the player fartherest
The Waterbury Democrat., 1934-03-22
jones' COMEBACK
STARTS TO-DAY In
GEORGIA TOURNEY
Paul Runyan Favored Over
Field of 81 Top Flight
Golfers
By HENRY McLEMORE
United Press STAFF CORRESPONDENT

Augusta, Ga, March 22.-(UP)
Bobby Jones-remember Twill
start out over the rolling fairways
and sloping greens on this hand
carved golf course to-day to de-
termine whether he still is the top
man.
Sixty odd other gentlemen of the
trade-representing nearly the en-
tire top flight in this nations golf,
stand in his way to prevent a tri-
umph in a comeback to compe-
tition after more than three and
half years away from the tourna-
ment wars. Bobby Jones, so long
the favorite, is now no more than
q question mark, particularly
chubby question mark, at the out
set Of u holes Of play in the mas
ter's invitation contest to end short
ly before the Georgia dusk of Sun
day.
Jones' fate, it became apparent
yesterday when he was one of the
also-rans in a Scotch foursome
event, depends a great deal on the
work of the modern version of
Calamity Jane," the magic put
ting blade that helped carry him
to a clean sweep of the major titles
back in 1880. Jones' drives con-
tinue to swing sweet and true; his
irons are almost uniformly hewn
there was one of stabbing brilli-
ance on the 18th hole yesterday
but the puts haven't been as
reminiscent.
But, even assuming that Calamity
James successor finds herself over
night and begins curling the long
ones down, Jones is by no means
"Winnah and still champion" be-
cause the chunky Albanian has a
lot more to play against than his
own stroking. To win, Bobby
must whip a field that like Eadie,
has Klass with q capital X. 1t
has veterans who have bene wait
Ing for another crack at him ever
since he turned his bag over to
the moths. 1t has youngsters. to
whom Jones is just another name
IN the phone book. 1t has pro-
fessionals and amateurs and If
you'l pardon my cattiness, profes-
sfonal amateurs. The last named
usually are hungry and awfully
hard to beat.
Ask the wise money for it's first
choice in this tournament, and you
get the name of Runyan-Paul
Runyan of Route %, White Plains,
N. Y. This taffy-haired young
ster, the wise money boys tell you,
is hot stuff. Very very, very hot
stuff. They're right. He's won
five tournaments since November,
several Of them by scores so SEN
sationally low as to make you won-
der whether he's a genius or just
broke his pencil after the third
round.
The Waterbury Democrat., 1934-03-22
CUNNINGHAM SETS
CANADIAN RECORD
Mark Set in 1000 Yard
Run - Metcalfe Beaten
By Bert Pearson

Hamilton, Ontario, March % -
UP) - Glenn Cunningham, world
champion indoor miller, had an
other silver feather in his winged
feet today and Ralph Metcalfe,
champion Splinter, sma-ted from
his first defeat of the season.
In the 91st High1anders A. A..
games last night, Cunningham, the
Kansas flyer who recently smashed
the world indoor records for 1900
meters and the mile, established a
new Canadian standard for the
1000 yard run. His time was
2:12.2, just one-fifth Of second
slower than the world indoor rec
ord for the distance.
Metcalfe of Marquette University,
Milwaukee, the worlds fastest
human" was beaten twice by
Young Pearson of Hamilton - in
the so and 40-yard dashes. Pear
son equalled the Canadian record
of 0:04.6 in winning the 4O-yarder,
and was clicked. in 0:06.5 in the
go. Edwin Hall of Kansas U. was
third in both events.
DIR William Heintz of Columbus,
Ohio. won the 1,O00-yard open In
2:20.6, with Ray Lewis and j.
Palmer, both of Hamilton, second
and third.
The Waterbury Democrat., 1934-03-22
WRESTLING

At New York-St. Nick SACK
Bloomfield, Hartford, Conn, threw
Patsy Faletti, Italy; Johnny Car
lin, Sweden, defeated Bill Rudy,
latter injured; Vanka Zelezniak,
Russia (drew) John Grandovitch.
Russia; Bull Komar, Lithuania,
drew Frank Light, North Caro-
lima; Irving Halpern, New York,
threw Joe Campbell, Schenectady;
Axel Madsen, Denmark, threw
Axel Testlock, Canada.
At New York-Ridgewood Grove
Hans Kampfer, Germany, threw
Hans Steinke, Germany; Ernie Eel
Ter, Brooklyn (drew) Abe Coleman,
Los Angeles; Casey Columbia, Cali
fornia, threw AL Kelsey, Boston;
Charles Webb, Brooklyn, threw
Will Rauta, Finland; Sid Majors,
Tennessee, decisioned Mike Ro-
mano, Italy.
At Boston Jack Washburn,
Boston, threw. John Spellman,
Providence, r. l.; George Myerson,
Boston, defeated Freddy Moran,
Newport disqualification; Jack
Ross, New York, drew with Abe
Rothberg, Boston; George Saund-
ers, Boston, drew with Hank Bar
Der, Boston; Chief Strongbow, Ok
lahoma, threw Joe jacobson, New
York; Gold Secret, threw George
Kohler, Chicago; Bob Russell,
Newport, r. l., threw Jim Ken
drick, New York.
The Waterbury Democrat., 1934-03-22
YALE CREW HAS
FIRST WORKOUT.
Oarsmen Drill On HOuSa=
tonic River Despite
Chilly Weather

New Haven, Conn, March 22--'
(UP) - Working under heavy
wraps because of the b1ustery
weather, Yale oarsmen had their
first open water workout late yes
terday on the Housatonic river at
Derby.
Four crews put in an hours
practice. Capt John III. Jackson
was unable to report because of a
cold but will get into the swing
when the general call is issued for
April 2. The personnel of the var
sity has not been chosen and Coach
Ed Leader announced it would be-
at least a month before he makes
his selections.
The freshmen and 150-pounders
will have their first river practice
April 2 and the class crews, under
Bob Butler, will hold workouts in
New Haven harbor after Easter
vacation, April g..
Dave Livingston, outstanding
members of the Eli swimming
team this year. is a candidate for
the varsity.