davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times., 1934-03-03
Gives 233 Pennies

By Times Special
GREENSBURG, March 3.-One
of the donors to fund for the aid
of Carl Demaree, who lost the use
of his legs in an accident more than
year ago while working on a truck,
was Wallace Hyatt, who contributed
233 pennies. The coins had been
saved by Mr.. Hyatt during a period
of several months
The Indianapolis times., 1934-03-03
TOLEDO CASH GRAIN

DIT TWTH NVttIWI
TOLEDO. March s.-Grain close: Grain
in elevators. transit billing Wheat-No
2 red, 92M93c. Corn-No. yellow 55M
sec. Oats-No. white, 4O@4lc Rye
No. Q STA 68c. Track prices 28l2c rate)
Wheat-No. red 88 ca 89c; No. 2 red,
8712@ 88c. Corn-No. 2 yellow. 51M511ac;
No. yellow, 49l2 q soc; No. yellow 49,
q 49c. Oats-No. white, 37M38i2c: No.
3 white 36M37l Seed Close-Clover-
March, 1925. Alsike-CaSh, $3.50.
The Indianapolis times., 1934-03-03
Woman Given Position

u IHItN NpttIut
BLOOMINGTON, March 3.-Miss
Dorothy Spencer is new attendance
officer of the Bloomington schools,
succeeding Mrs. Robert Huncilman
who resigned.
The Indianapolis times., 1934-03-03
SEEKS COUNCIL POST
John c. Schaler Announces His
Candidacy for Nomination.

John C. Schaler. 2289 South Har-
Ian street. today announced his can
didacy for Democratic nomination
as city councilman in the May pri-
mary. Mr.. Schaler is a member of
the Brotherhood of Railroad Train
men and the Democratic CLUB.
The Indianapolis times., 1934-03-03
Wall Street
Senate BoeS to Bat for oCkhOderS-PropoSes Big
Income Tax on Salaries Over $4,000.
BY RALPH HENDERSHOT
Times Special Financial Writer

Just
Of the stockholders corporations
They
tors they all interested in
their
responsibility but
why of business
depeons when stockholders little nothing their
The Indianapolis times., 1934-03-03
In the Air

Weather conditions at 9 a. M:
Southeast wind, miles an hour;
temperature, 80; barometric pres
sure, 29.64 at sea level; general con-
ditions. dense fog; ceiling, zero;
visibility, zero.
The Indianapolis times., 1934-03-03
CENTER TOWNSHIP IS
SUED FOR S15O,OOO
Complaint Alleges Defendant Failed
to Pay Obligations.

Suit against Center township de-
manding judgment of $150,000 was
fled in superior court three yester-
day by Arthur Gisler, Indianapolis.
The suit is brought on behalf of
more than 200 Center township res
ident who have provided coal, gro
ceries and clothing amounting to
500 ,308.21.
Mr.. GiSler was assigned the
claims and brings action against
Center township, which, the COM
plant alleges, has failed to dis
charge its obligations.
The Indianapolis times., 1934-03-03
Club to Aid Children

bW iWtS NDtctuI
SHELBYVILLE. March 3.-Fol-
lowing information that during re-
cent cold weather many children
were absent from school because of
and coats, the sShelbyville Kiwanis
The Indianapolis times., 1934-03-03
Fire Reports

AS p. m. 1926 East Washington. resi-
dence. no loss.
sos .. m. 2ls West Eleventh. residence
no loss.
$40 p m. 724 North Gladstone, resi-
dence no loss.
6:54 p. m. 64e Rochester residence, $50
l0;34 p. m, s25 West New York. pool
room. 80.
The Indianapolis times., 1934-03-03

the rules of fair practice, which
limit cutthroat selling methods But
on the side Of excessive prices the
been squarely stated by the official
spokesman OF the national recovery
administration. Yet this may we'll
prove to be the Achilles heel of the
whole experiment.
Essentially the national recovery
administration confronts the old
trust problem" in a new form. 1t
invited, and in fact compels them
to limit many kinds of competition
and to outlaw others. The question
then is how the national recovery
administration is going to prevent
business men from limiting all COM
petition, from allocating production
and establishing monopoly or quasi
monopoly prices.
This is very serious problem and
it would be trif1ing with realities to
dismiss it on the theory that the
Sherman act is still more or less in
force or that General Johnson's or
ganization can keep an eye on sew
eral hundred trade associations and
prevent them from combining in re-
Straint of trade.
I'm order to obtain just view OF
4 the matter it must be recognized
at the outset that NRA merely
tends to accentuate a condition
which existed before the NRA was
created. The Sherman act did not
effectively enforce competition.
During the '20s many prices of in
duStrial goods, which should have
fallen because of increased efficiency
and great volume, were maintained.
That resulted in a profit imitation
and an insufficient distribution of
purchasing power. Even during the
depression many basic industries
have maintained high controlled
prices, and this policy undoubtedly
deepened the depression.
1t increased the disparity between
agricultural prices and manufacture
ing prices; by choosing to shut down
rather than to reduce prices these
trustifled industries have forced the
unemployed to bear the brunt of the
readjuStment.
1t seems to me that the tendency
of NRA as now conducted is to
make prices more rigid. In theory
is discourages only "cutthroat" COM
petition. But in practice the dis
tinction between cutthroat and
desirable competition is difficult to
make, and under NRA the diStinc-
ton will be made by code author
tiles selected by or drawn from
men whose interest it is to limit all
competition
So the question is: What does the
NRA propose to do to make prices
fall from a monopoly level to COM
petitive level? Will it set up a new
and much more effective machinery
for enforcing the Sherman act or
will it embark on the immensely
difficult and dangerous experiment
Of attempting to regulate prices?
The Indianapolis times., 1934-03-03
CHICAGO CASH GRAIN
March 3

bW WTTtU FFtSS
CHICAGO, March 3-Cash grain:
Wheat-No hard. 85c; No. 5 northern,
63a4c. Corn-No. 2 mixed 4924c; No. 4
mixed, 4Si2c; No. 2 yellow, 4424M50c;
ACC. Oats-No. white 36m 37l2c. Rye
No sales Barley-72c quotable; 3O0 soc.
Timothy-S7. .25G750. Glover Seed-$11G
1865. Cash ProviSions-Lard $50; loose,
S645; leaf $3.50; s. Bellies. $825.
The Indianapolis times., 1934-03-03
BY ELMER c. WALLER
United Press Financial Editor

NEW YORK, March 3-Stocks
were irregular in narrow range in
the short session on the Stock Ex-
change today.
The list opened firm and later all
groups extended yesterdays gains.
Profit taking near the close brought
leaders down from the highs and
many dipped below the previous
close.
Mercantile shares we're strong on
improvement reported from both
retail and wholesale sectors. J. C.
Penney made its customary daily
high at CTS up 2ls points. Sears
Roebuck flrmed more than a point
and Montgomery Ward was steady.
Sears Roebuck for the year ended
Jan. % earned net profit of $1l, l,249,-
295, against net loss of $2,543, ,651
in the preceding year.
Silver Issues Firm
A feature of the news was in
creased demand for locomotives.
Delaware, Lackawanna was report
ed in the market for twenty to
thirty, and many other lines were
said to be ready to order in the
near future. The rail equipments
firmed with General Railway Sig
nal common making a new high
for the year. The preferred, how
ever, broke 5 points.
Silver issues f1rmed near the close
on word from Washington the
house subcommittee on silver plans
to report to the full committee a
bill providing government purchase
of up to $500, 100000 of foreign
silver which will be exchanged for
American agricultural surplus prod
uctS.
Automobile issues were active,
especially Packard which held
around the previous close. Graham
Page was bid up point. General
Motors closed at 3912, up 1s while
Chrysler closed at SOS, off Is from
the previous close. Other steel is
sues we're around the previous close.
Sales Volume Light
American Telephone closed at
z, off p point from the previous
close, but up point from the days
low. Western Union dipped from
577s to 56A and closed at 563s, off
point for the day.
Stock sales today approximated
100000 shares against 1,223,OOO
shares last Saturday. Curb sales
we're $4,000 shares against 100000
shares Saturday.
Dow Jones preliminary averages
showed industrial, 1856, off O.23;
railroad 1922, up DOB; utility 26.93,
i off OILS.
The Indianapolis times., 1934-03-03

ocogea @ ncnces on the other Insofar as have been able
observe the operation national administration
good toward dealing with destructive vet
begun seriously to deal with
Inc effective the codes
onS OF labor in order to limit destructive
The Indianapolis times., 1934-03-03
Births

George and Katherine Russell. 264s
Brookside
Paul and Freda Mundy city hospital.
Edwin and Ida Bare. city hospital
Central and Lucille Shaw. city hospital
Samuel and Georgia Woods city hos
pital.
William and Daisy Moran, 91O Carroll
ton
The Indianapolis times., 1934-03-03
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quota
ttonS from leading Indianapolis coal deal
ers. cash discount of 25 cents per ton
is allowed
The Indianapolis times., 1934-03-03
U. S. Government Bonds
Bv Abbott HoDpir & Co.

BIZ JRited Press
NEW YORK, March 3.-Closing liber-
ties
CDecimals represent thirty-secondsl
The Indianapolis times., 1934-03-03
Bank CIearings
TREASURY STATEMENT

bU JNIItU FFtSS
expenses and receipts of the current
fiscal year to March l. compared with
the corresponding period of the previous
fiscal year:
This Year. Last Year
Expenses S4255, ,974 395 13 S3,373645. .754 IS
Receipts. 1894 1877 036,6 7,2542O1, 1856 65
Deficit. 1851 837, $3.50 2119443, ,967 60
Cash bal. 1896. 7.l9478 .
The Indianapolis times., 1934-03-03

mortgage certificates IN hat respect
recently which may help IN
provides cent all salaries in excess OF
handling SITUATION out
probably will be effective stopping
o the of taxes
The Indianapolis times., 1934-03-03
Lifelong Resident Dies

By tmeS Special
LEBANON, March 3. = FunerSl
services were held Friday for Mrs!
The Indianapolis times., 1934-03-03
Stock Market Regulation

Whitney president York Stock Exchange made
recently banking committee that any
operation OF
security accomplishment Mr. Whitney has ad-
against the teher-
Raybun exchanges but it questionable whether
foregoing should be listed one of them
bill tend TO regulate he
straJacKet
different Interpretation Tor
the however He has
seeks to the federal trade
operating and managing the exchanges ae
putting up
real fight to defeat consequently he
more popular in today been for long time
The Indianapolis times., 1934-03-03
INDIANAPOLIS WAGON WHEAT

CITY grain elevators are paying 80 cents
on their merits
The Indianapolis times., 1934-03-03

DUT if the average is to be stable,
ID individual prices must rise and
fall in accordance with the law of
supply and demand. Otherwise the
effect of stabilizing the dollar will be
to produce enormous profits in mo-
nopolistic industries at the expense
of all the others. This was demon
strated in the boom when the aver
age of commodity prices was stable
for some years. but owing to the
failure of monopolistic prices to fall,
purchasing power was very badly
distributed.
1t may be said, I think, that the
ideal of stable dollar will work
very badly unless individual prices
including, I believe, railroad and
utility rates, wage rates in highly
organized ind 5tries and monopo-
listic industries are made flexible
again. To make the dollar stable
The Indianapolis times., 1934-03-03

THIS is, I believe, the heart of
u the problem. 1t is, for example
the heart of the problem of better
distribution of purchasing power
about which the administration is
quite justif1ably so much con-
cerned. The most effective and the
soundest way to distribute purchas-
ing power evenly throughout the
nation is to let prices fall to a
point where profits are competitive
rather than monopolistic. For OBJ
viously when you have lowered the
price you have raised the real in
come of the purchaser.
1t is a fallacy to think that the
only way to distribute purchasing
power is through money wages. If
high money wages mean high prices
as they do, for example, on the rail-
roads and in the building industry,
they limit consumption and pro-
mote unemployment.
Moreover, high money wages plus
high prices are possibly only in
quasi monopolistic trades, and that
means that they are maintained at
the expense of the farmers, the un-
organized workers, and the work
ers in industries which are not
sheltered from competition.
Until the NRA makes effective in
roads upon monopolistic and quasi
monopolistic prices it will be work
ing at cross purposes with the other
activities of the administration.
How, for example, is the parity OF
farm purchasing power to be
achieved if industrial prices are not
effectively controlled either by COM
petition or by some other method
The greatest difficulty, however, is
in the conflict with the monetary
policy. Here the administration has
set itself the objective of maintain
ing stability in the average pur-
chasing power of the dollar.
The Indianapolis times., 1934-03-03

investments, IS ul4lCuJ 70 uNueISJdIlO aAu eFCIl
stranger is the fact that in almost every instance
stockholders had not heretofore been appraised Of the
amounts being paid to those running their companies
These revelations constitute further evidence that
too many corporations are run for the benefit Of in
side groups control Directors vote large salaries
for key in the management, and these men. IN
turn do special favors for directors. such handing
over to them favorable agreements for the under
writing If securities.
The Indianapolis times., 1934-03-03
May Get Help From Senate

Unfortunately stockholders have been unable to
exert any influence the companies they own.
This is because they scattered all over the country
and have no way Of establishing communication with
one another They given proxies to fill out Tor
the election of directors and other important matters
but they have little or no knowledge OF the people
or things for which they vote They in the same
The Indianapolis times., 1934-03-03
Federal Farm Loan Bonds

by Blyth & Co., Inc.
March 5
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20
sidered synonymous with POSSIBLE
ity Of resuming negotiations later on.
Would Not Bulge.

sidered synonymous with POSSIBLE
ity of resuming negotiations later on.
Would Not Bulge.
One fundamental trouble in London
has been the absolute unwillingness on
the part of all three powers to bulge
on any point. Japan refused to yield
an iota in her demands-which, for
that matter, considered in the light
of the Versailles peace treaty and
ing at reduced ornaments, seem log
ical and just; the United States and
Great Britain with an equal degree
of firmness declined to be moved from
their positions, and the result was
that no compromise could be ar
rived at.
Great Britain did propose a COM
promise to the effect that theoretical
equality be granted Japan, with the
understanding that the equality prin-
ciple was to be recognized but that
it did not mean any sanction of
Japan's plans to build a navy stronger
than those of the western powers. For
various reasons the American gov
eminent did not support the British
plan, and it was bluntly rejected b.
Japan.
Results.
Although all the powers signatory
to the Versailles peace treaty of 1919
pledged themselves to reduce arma-
ments. they all have bigger armies
and navies now than at any other
time in history.
If it develops that further treaty
negotiations concerning naval strength
become impossible. the result will be
mad naval ornaments race; since
Japan will reserve the right to ex-
pand her navy to suit her own needs.
the United States and Great Britain
may decide to meet such competition,
and in that case the world will once
more blindly stumble into events
which irrevocably lead to new armed
clashes between the nations. The pic
ture is not a merry one-and appar-
emily no one nation deserves more
blame than the others; they are
equally culpable.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20
BROOK PARK

Katherine Judin, Helen Walker,
Miss Ethel Skanse. and Olaf Palm
motored to the Cities Friday evening,
returning Saturday.
Born to Mr.. and Mrs. Vernon Shas-
Ike, a boy, December II.
Mrs. Lawrence Judin, Mrs. Geo.
Fohrman, Mrs. Fritz Larson, Mrs.
Henry Berndt, and Miss Nina Vettling
motored to Mora Friday afternoon.
Miss Joyce Larson returned home with
them and spent the weekend with
her parents.
Mr.. and Mrs. Stanley Peterson were
in Hinckley Friday afternoon.
Mrs. Robert Montgomery and son of
Minneapolis, Bob Mcclellan, and Au-
drey Anderson of Taylors Falls, Mr..
and Mrs Art Mcclellan and family,
and Miss Nina Vettling were guests
at the Henry Mcclellan home Sunday.
Mrs. Montgomery remained here for
several days.
Mr.. and Mrs. Edwin Fosberg and
P. J. Fosberg were Mora shoppers
Friday afternoon.
Mr.. and Mrs. Warren Wood and
daughter, Joyce, of Minneapolis, spent
Wednesday of last week at his moth
er's.
Miss Lucille Stephen of Minneapolis,
is visiting with her parents over the
holidays.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20
KINGSDALE

Mr.. and Mrs. F.. E. Rice went to
Duluth, Friday, and visited at the c.
c. Oman home, returning Sunday.
Miss Katy Young left Friday for
Hinckley, where she will spend her
Christmas vacation.
Word was received of the death of
Gust Ristrom of Minneapolis. He died
last Thursday and the funeral was
held Tuesday.
Mr.. and Mrs. C. ]. Slipper and Mar
jorie visited friends in Markville Sun
day.
Mr.. and Mrs. P. Cockerham and
family of Dairyland, visited at the c.
A. Lund home Wednesday of last
week.
Mr.. and Mrs. A. Oman and LeVern
drove to Duluth Sunday and spent the
day at the C. c. Oman home.
Rev. and Mrs. Sholander were Sun
day visitors in Markville.
The school had it's Christmas pro-
gram last Thursday evening.
Mr. and Mrs. F. e. Rice and LeVern
Oman spent Wednesday evening at the
Mccarthy ranch.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20
Assemblies.

With the aid of numerous pictures,
catalogues, etc., and explanation by
Miss Olson, the student body took a
mental trip to Europe during the third
period Wednesday of last week.
Miss Olson, in company with her
folks and several others, toured north
western Europe in 1880. Leaving
Minneapolis on June IA, they motored
to the East and boarded the "Wester-
land" She related some interesting
incidents concerning passports. etc.
They landed in Cherbourg, France,
unable to speak the French language.
At one time, in city park, a lady
spent considerable time "jabbering"
TO them while they were resting on
park bench. Later on it was learned
that she was trying to make them pay
for sitting on the benches. They pro-
ceeded to Germany, England, and Nor
way, the land of winter sports The
light nights of Norway seemed to
bother them somewhat.
When Miss Olson finished, she had
several Of us convinced to go to Eu-
Inadequacy of the Playground.
Exercise is a tonic beth mentally
and physically and ofttimes it is help
full to the spirit to give vent to our
enthusiasm in such manner. AL
though our school hasn't as large an
enrolment as various other schools,
when the students are all on the play
graund exercising vigorously it is
rather tumultuous scene. Then it is
that our limited playground proves in
sufficient. An increase of the play
ground would mean that many minor
accidents would be prevented and &C
Invites could be carried out to a
greater extent and could be more
fully developed. 1t would, indeed, be
commendable improvement to our
school and one which all the students
would sincerely appreciate.
Grades.
Miss Gjertson's eighth grade letter.
writing class has started a new and
interesting project. Each member of
the class is writing to some company,
either i'm foreign lands or in distant
sections of the United States for sam
pies. Leslie Krantz has already re-
ceived some samples of English sta
tionery. All the other pupils are pa
tiently waiting for their packages of
samples to arrive.
All the grades are busy preparing
for joyous Christmas party Friday
afternoon. The seventh and eighth
grades are celebrating together. They
are planning pantomime called 1.-The
First Christmas The first and sec
ond grades are working on short
program. They are busy making dec
orations for their school room. They
drew names, each person giving a
small gift to the person whose name
they drew. In all the grades, the
Christmas carols will be sung and
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20

readings given. Afterwards they will
have party with nuts and candy as
treat.
No longer will the pupils of the
Askov school have to spend their noon
hours in the crowded gymnasium, for
right outside the door is new skat-
ing rink! Work ON the rink has been
commenced. In few days it will be
completed and ready for use. The
rink is located on the school grounds,
water is furnished by the creamery
and is transported by the local fire
departments hose.
Basketball.
The Askov basketball boys con-
tinued their victory march Friday
night by soundly beating the highly
touted Bruno team in a double-header
played at Bruno. The scores were rs
to 10 for the first team and 20 to
for the second team.
The first team performed Like a
clock. The guarding was especially
effective. Englund, the big scoring
threat of the opposing team was COM
pletely bottled up by Clarence Jes-
sen who incidentally did a grand job
of jumping center, outjumping the tai
Ter Englund consistently. The Bruno
team tried many long passes but these
were usually interrupted by Askov's
star guard, Norman Degerstrom. Dur
ing the last quarter Bruno staged a
desperate rally to bring the score up.
Sigurd Buck and Erwin Eriksen ran
around like greyhounds covering up the
Bruno forwards who were unable to
break loose for an open shot at the
basket. The scoring was left to Rus
sell Jensen who shot from all angles,
generally making them.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20
Old Age Pension Club.

An old age pension club was or
ganized Tuesday night at a meeting
held in the village hall Twenty-four
members signed up and an invitation
was extended to others to join. An
other meeting will be held as soon
as arrangements can be made to get
a speaker here. At the meeting a
temporary board of officers was
chosen and include Fred Cool, presi-
dent; A. l. Arends, secretary, and
Martin Johnson, treasurer.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20

The annual rush Is on in full swing
at the post office. Postmaster Peter
sen states that the 1884 total business
is far ahead of 1888.
In connection with the Christmas
tree festivities in the d. B. S. hall
Wednesday, December &c, it should
be mentioned that the afternoon pro-
gram starts at 2 o'clock and the eve
ming program at o'clock.
A baby girl arrived Saturday morn
ing to make happy the hearts of Mr..
and Mrs. Lenard Lund north of the
village. The new babe and mother
are doing fine and daddy is pretty
happS over the ownership of a boy
and girl.
Under auspices of the local DAM
ish Brotherhood lodge a masquerade
will be given in the d. B. S. hall Sat
urday evening, Dec. 20. Fritzs Or
chestra from Sandstone has been en-
gagged to furnish the music. Further
announcements will be made next
week.
Christmas greeting cards, inclosed
in envelopes that are not sealed, may
be mailed for 1 - cents each provided
that there is no writing inclosed
other than Merry Christmas" or 9TH
er words to that effect and the name
and address of the sender. Any per-
sonal messages become first class and
cost 5 cents per ounce regardless of
whether or not it is sealed. Be sure
to mail your greetings this week in
order to insure their delivery before
Christmas.
Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1934-12-20
GIVE FLOWERS FOR CHRISTMAS

GIVE FLOWERS FOR CHRISTMAS
Holiday assortment cut flowers Gear
nations, snapdragons and mums)
$1.OO, $1.5O and $500. Postage Csc
extra. Large assortment pot plants,
ferns, cinerarias, begonias, Christ
mas cactus, etc., 25c, 35c, soc, $1.O0
each. Cyclamen (Alpe Viola) lots
of buds and flowers, $1.00 and $1.5O.
Gala lilies in bud and bloom, S1.00
and S1.25. Poinsettias, $1.OO, $3.50.
We deliver in Sandstone Saturday,
Dec. 80. Write, call or telephone.
Be sure to visit our greenhouses
when in town.-Ferndale, Nursery,
Askov. S0w14-1t