davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26


night for and cents an hour.
Mrs. Gilmore M. Herrick, direc-
tor of the New York regional
labor board, reports that home
work is the most pressing indus
trial issue" of the coming winter.
1t is battering down wage and
work standards, she says, until
japanese working conditions seem
quite attractive"
The Connecticut department Of
labor reports that whole families
are making lace in their homes
and earning only 1888 and S4.20
week, and that more than a fourth
of these families have to be car
ried on the relief rolls.
In Texas women making in
fantS' dresses with fine tucks,
drawnwork and embroidery are
having to compete with Mexican
and Puerto Rican workers and are
earning as little as 50 a week.
These conditions are Destroy
ing industrial firms which OPP
crate in factories and comply with
code provisions, officials believe.
THEY are keeping purchasing
l. power down to a low level, and
they are forcing the government
to help support the workers Of
employers who thus avoid paying
living wages.
When NRA first began studying
the homework problem, Labor
Secretary Frances Perkins said in
a letter to General Johnson:
NO method has yet been evolved
to prevent exploitation of women
and child wage earnerS and Sc
rious undertaking of wage STAN
dardS when the home is turned
into a work shop 1t has been
suggested repeatedly that the only
way of dealing effectively with
home work is to abolish it"
After a years experience with
code prohibitions Mrs. Herrick be-
lieves that Ito prohibit home work
altogether fosters bootlegging,"
and suggests that uniform stand
ards for control of home work
should be established under the
NRA" so that wage rates will be
the same for home work as for
factory work.
If NRA'S new compliance ma
chinery is not able TO end unfair
competition by either Of these
methods. a drive will be made this
winter for enactment OF legiStla-
ton on the subject.
ONLY fourteen states have laws
~ covering home work. In
thirteen states and in the terri
tories and island possessions such
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

statutory provisions in that act.
The act was no sponsored by the
administration for some strange
reason. 1t was, I think, because
the treasury department was I'M
der the dominion of Wall Street.
But following Mr.. Pecora's revela-
tons of the National City bank
and the MorganS, it was no longer
possible to stop the passage of the
act.
MORE important, however, are
1V1 the two acts relating to Sc
curities. They must not be con-
fused. One is called the securities
act of 1888 and governs the is
Suance of new securities. The
other is the national securities
and exchange act and creates a
commission to control the stock
exchanges of the country.
In the twenties the biggest
racket of all was the security
racket. The gangsters We fumed
so much about probably got away
with a hundred million or so. The
stock racket cost the American in
vestors billions. I do not refer
to the blue sky racket run by
blackleg stock statesmen. 1 speak
Of the very respectable security
racket which was operated by
some of our most respectable citi-
zenS.
For every dollar taken by the
George Graham RiceS, the Ponzis,
the Wolves of Wall Street by il
legal schemes, ten we're taken BY
the insults, the Krugers, the Wig
gins, the Mitchells, the Detroit
bankers, the Cleveland bankers, by
perfectly lawful means; by issuing
stock in established corporations,
well filled with water, and then
blowing them up with wind on
the stock exchange and passing
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

must be supplied. The commits
sion may then make rules govern
ing reports by corporations. This
is a powerful weapon.
MARGINS may be fixed by
wi the federal reserve board.
The act offers as a guide the pro-
posal that brokers shall not lend
more than Cd SIS per cent of the
market value Of a security or ~
100 per cent of the lowest market
value within the preceding thirty
six months, but not more than rs
per cent of the current market
value-whichever is the higher.
In effect this means that Specula-
orS may buy on margins ranging
from 25 to As per cent. But the
reserve board may make them
even lower than that. This is the
most indefenSible portion of the
act. The board has since adopted
this minimum requirement and
Wall Street has expressed itself
eXuberantly about the boards
lenienCy. AS a matter of fact
these margins are lower than
those now fixed by most brokerage
houses. This ridiculous provision
was forced into the act by the
Presidents treasury advisers.
There are numerous provisions
in the act which seem like very
drastic rules. But read closely they
are not rules but grant of power
to the commission to make rules.
The commission can, however,
make rules effecting every part Of
the exchanges lives. The most
important, at the moment, have
to do with the functions of brok-
ers.
The popular notion that the ex-
change is made up of brokers who
represent their customers is a
pure fiction. The brokers do the
bulk of the trading. Mr.. Pecora
proved that in July, 1888. out of
120000,000 shares traded in, the
brokers or their firms or partners
were on one side or the other of
the market for their own accounts
in the case of 100000 shares,
which is over so per cent.
THE commission is at present
l. studying this subject and is
considering the adoption of rule
ca to prohibit specialists from
specializing for their own account;
(b) to prohibit floor brokers from
using the facilities of the floor In
other words this rule, if adopted,
will compel all brokers to act as
brokers and nothing else, and to
refrain from gambling for their
own account.
The act has number of excel
lent provisions to put an end to
pools. 1t adopts two methods.
(a) 1t makes members liable for
losses sustained by customers be-
cause of pool activities Of the
member. CD 1t gives the COM
mission power to take from the
members the implements used in
pool manipulations. These are
options, publicity, credit, making
a-market operations Chat is, f1c-
titious activity to stimulate busi-
ness, short selling.
Here it will be of interest to
add that the commission is eStab-
fishing a bureau of economic in
formation to which investors and
financial institutions may apply
for information about its work.
TOMORROW-The Future of
Wall Street.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

swering their complaint that their
lot was burdensOme and their
woes many. It was his notion that
he might bring peace to a rebel
liOus land BY promising them still
harsher measures than any they
had known.
It seems curious and a crack
Drained attitude, but today in
America many RehOboams roam
the land and for the most part
they are called practical men" or
"hard-headed business executives"
There have been many strikes in
the land because labor organiza-
tions have felt that IN certain in
stances the rights guaranteed I'M
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

QlCdUeQ on Une following CdlCuldUIO
The current annual pay roll VOL
ume of the country is estimated
at S5O,OOO,O00,O00.
Assessing this at the rate Of Is
per cent would produce a return of
$2,5OO,O 100000.
This income would amply cover
the expected relief load for next
year.
Sponsors of the plan concede
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
SPAS CLOTHING TAKEN
FROM PARKED AUTO
Chicago Auditors Car Looted (;
Others Also Broken Into.

Police today are seeking thieves
who last night stole clothing and
personal belongings valued at S245
from the car of Jack Sharp. Chi
cago travelling auditor, while it was
parked in front Of Is West Mary
land street.
Others whose parked autos were
robbed last night included Louis
Baundwell, Harrison hotel. $50
worth of. clothing; Orville Gleieh,
POOP East Tenth street. clothing
valued at $50; Carl Bechtel, 191
North Perkins street, S25 worth Of
clothing: Marjorie Arnold. Green
field, SIS coat. and Alice Heck,
Greenfield, $40 jacket.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

der Section IA have Deen withheld from them.
The rules of our land seem TO have hit upon
remedy TO solve all that. Many corporations now
are embarking the theory that if you promise
labor nothing 1t will Immediately become peaceful
and cOntented. And again there has been the prob
lem of public relief Here again the Rehoboams Of
1884 ready to speak up. Their remedy to quell
the unrest Of the unemployed is to suggest that relief
be cut or abolished and that the whole matter be
left to private charity
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
LUTHERANS CONCLUDE
CONFERENCE IN CITY
Dignified Newspaper Publicity
Lauded by Ohio Pastor.

A three-day session of southern
Indiana Lutheran pastors confer
ence closed here today following a
general business session attended by
100 delegates.
Dignified newspaper publicity was
described by the Rev. w. G. Clau-
sen, Cincinnati, O., as a definite as
set in missionary work.
Speakers at yesterdays sessions
included the Rev. H. M. zorn, st.
Paul Lutheran church; the Rev. o.
c. Rupprecht, Evansville; the Rev.
w. Krug, Waymansville, and the
Rev. Charles Stephen, Bloomington.
At the conference service last
night the Rev. Paul Dannenfeldt,
Fit. Wayne, central district vice.
president, delivered the sermon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

exposure.
phylactic the spotlight Frequently little investi
cation multitude of sins; take the
secrecy out of racketeering; make powerful pouS
manufacturers take off their masks. This investiga
ton the greatest episode of unmasking in
history. That must be put down number
among its fruits.
1t cost the government S250000 That was the
best investment 1 have heard of. The govern
ment has recovered at least million dollars in in
come taxes brought to light. 1t will save scores of
millions through tax leaks plugged up because Of the
investigation.
Even private persons have collected The Chase
National bank alone 100000 year through the
cancellation of the outrageous life pension which had
been voted to Wiggin of the Chase bank Suits against
various fathIeSs executives have been started by
swinded stockholders based the committees
latiOnS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

@NNNNt NA44N44 ito ID NA4NIIlS'
Mr.. Sinclair is so frail and Mr..
Utzebeck so huge that the mighty
man seemed to regard himself as
protector of the Mahatma Mr..
Sinclair, on the other hand, regard
ed him as a pet giant. Mr.. Ute
beck, at a word from Mahatma.
might jump off high roof or lick
a roomful of policemen. But, at
another word. he would retire to
his corner and be still There was
great devotion between them.
Also present was a lawyer
named John Packard, who comes
out of Chicago, but lives in Los
Angeles I-hnra u-nr.n q cn11rnln Of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
Democrats Meet Tonight

There will be a Democratic meet
ing at 8 tonight at the home Of
Mrs. Charlene Ray, 1347 Edgemont
avenue. to which all Democratic
state, county and city candidates
have been invited. All persons in
tereSted are invited to attend.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
Smoke and Sinclair

MIR. SINCLAIR is as elusive smoke. Your
AA correspondent asked him to name few prof.
ectS among the many which he has undertaken in
his time which had been carried through success
fully. Well he replied in a frail voice there was
Helcon hall, but that burned down. Then there
his publishing business, but he had been COM
PEELED to appeal to the public for money to sup
port that Still, he insisted brightly, he finally
had paid off all the borrowed money. Yes but after
all the years in the publishing business, he was still
poor
The venture a commercial and it had
not paid He drifted on like faint odor in light
breeze Now you smelled the merest Whit Of def
mite answer in his conversation. The next instant
it was gone and the discourse was only words. He
was still believer in his old principles, but he
wasn't a Socialist any more He hoped to his
barter plan extinguish the profit system in Cali
fOrna. That would communize the state, but he
wasn't trying to change the form of government.
At this point the large Mr.. Utzebeck broke in.
He would explain it in simple terms. Mr.. Utzebeck
took the middle of the floor and began to his
enormous arms in circles, explaining the EPIC plan
in terms of great wheels spinning in space and wind
mills, bolts and nuts.
Nuts seems to be an appropriate note on which to
conclude todays inStallment
(To Be Continued
Copyright. 1884 by United Feature Syndicate 1ncJ
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
THE NATIONAL ROUNDUP
By Ruth Finney

XXTASHNGTON, booeggng the
w problems compliance division will staring
vading and hours by letting
women increasing rapidly reports
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
DAILY WASHINGTON
MERRY-GO-ROUND
By Dre1O Pearson and Robert S. Allen.

WASHINGTON Oct GA roll tax to the burden OF next
w years
experts They have been making study of possible revenue
finance the undminiShng cost of public relief
suggestion the President has been sent by him
Morgnthau consideration along with other tax
proposals. efficacy producer
nntndo, thnf folio c11at nnc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

that it has several serious politi-
cal and economic drawbacks; that
it would put a premium on keep
ing own pay rolls, thereby boost
production costs.
They argue, however, that it
meets many of the objections to
a sales tax, which the President
opposes, and which is being used
already in many states to raise
relief funds.
MASSACHUSETTS recent hot
wi Democratic senatorial pri-
mary has had a unique aftermath.
General Charles H. Cole, the I'M
successful candidate, is suing
James M. Curley, former Boston
mayor and the victor.
Coles action is based on these
allegations:
That in the course Of the con-
test he wrote a speech and sent
out advance copies to the press;
that Curley obtained one Of these
copies, and the day before Cole
was to speak, delivered the ad-
dress as his own.
So Cole is seeking damages on
the ground Of plagiarism.
q
TORDELL HULL is an old
~ fashioned Jeffersonian who
believes in free speech, freedom
of religious worship and at times
even enjoys good free-for-all
fight.
But some Of his satellites in the
state department fail to follow
the teachings Of the master.
When Hull delivered an address
before the Associated Press it
contained some interesting state
ments regarding freedom Of the
press and relationships. A sum-
mary Of the speech, cabled to all
American embassies abroad, con-
tanned the following:
"Congratulating our country
and declaring its services were of
incalculable value to our people,
the secretary observed that free
dom of the press Is accepted al
most universally The most
serious threats against peace to-
day are in those countries where
the press is controlled by govern
ment officials having power to de-
clare or force war"
This summary was received by
the American embassy in Berlin.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

other members of Mr.. Sinclair'S brain-storm trust.
but they refused to spell out their when it
came down to that. They only humble toierS
in the pecan grove who desired no personal pub
licity, but only wished to NIahatma Sinclair.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
II Seems hM
BY
Haywood BROUN

II had a pulpit I would preach a sermon taken
fsom the tenth chapter OF the Second Book Of
the Chronicles There in the thirteenth verse it is
written And the king answered them roughly;
and Kang Rehoboam foTsOok the counsel Of the old
men. and answered after the advice Of the young
men, saving. Ny father made your yoke heavy.
but viii add thereto; my father chastiSed you with
whips, but I viii chastise you with scorpions"
Rehoboam was speaking TO his people and an
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

The chief results however, three al
They
exchange
really aeachng of legislation under the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

Security Commission Otg1Uth of SeateS Investigation

o
Of tina
Of
n
T.
and
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26
BY IOHN 7. FLYNN
II UDNH4N II . y %'4'
Copyright. 1884. NEA Service. Incl

TEW YORK will results any,
the senates Wall Street nvega
lobbyists, Wall Street lawyers reactonary
souls that investigations accomplish
thing uthless
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-26

ONLY fourteen states have laws
" covering home work. In
thirteen states and in the terri
tories and island possessions such
Evening star., 1934-07-05
CUTS IN LIQUOR
TARIFFS DELAYED
g-Drawn-0ut Task of
Perfecting Agreements With
Foreign Countries Cause.

BY the Associated Press.
tariff reduction on imported liq-
uors may not materialize for months.
Despite the hope cut in duties
might be speeded in view of the
reciprocal tariff legislation passed by
the recent Congress. nothing can oe
done until the long-drawn-out task
of working out general trade agree
ments with the countries supplying
the beverages has been completed.
Negotiations already are under
way with Cuba, source of much Ba-
cardi rum, but it is a huge job to
complete an agreement involving
trade and commerce.
Cuba is only the first of the coun-
tries to be approached with recip-
rocal trade agreement propositions.
So far as liquor, however, other
sources are of more Importance,
notably Canada and her American
type whisky.
One Of First to Consider.
"I do not know what is in the
Presidents mind on the subject, but
I suppose that the liquor tariff is one
of the first he will consider" d.
rector j. H, Choate, jr., of the Alco-
hol Control Administration and
advocate of lower liquor tariffs and
taxes, said yesterday. LAS I under
stand the effects of the new tariff
law, he can only change a tariff
rate to conform with trade agree
ment made by him with some other
nation; so that he must make his
Evening star., 1934-07-05

r1ilk-marketing agreements condensed
into one adjustment program.
Onicials are veering to the opinion
livestock production can best be re-
stricted by controlling the output Of
feed grains. Raising the latter and
raising live stock are closely allied and
generally carried on on the same
farm. Usually h farmer raises no
more live stock that he can feed with
the produce Of his own fields.
In addition, 1t is expected livestock
surpluses will be virtually eliminated
this year. A survey showed ~ per
cent reduction in pigs as Of June /.
and drought-relief plans call for the
purchase Of about 5000, 600 cattle and
an equal number Of sheep.
A group contract for grains is al
ready being GRATED. marking the first
step toward q broad system Of bring
ing all crops under a blanket curtail-
ment agreement. The contract covers
corn, rye, barley and grain sorghums.
Evening star., 1934-07-05
agreements first and make the tariff

agreements first and make the tariff
conform.
"I regard the present tariffs rs
purely prohibition gestures. They
we're vastly higher than any one
would have ventured to suggest as
protective tariff, and they were put
on top of the excise tax. while be-
fore prohibition they had always
been separate-imports paid duties,
domestic goods paid excise, nothing
paid both.
The most important single drink,
the most widely used strong drink in
this country, has always been Ameri-
can-type whisky; that is, rye and bour-
bon. The lack of aged WHISTLES Of
those types has left the public with
a choice between paying very high
prices for wnat is left of the aged
whisky and using newer whiskies and
blended whiskIes
These have sold, but they have not
sold in anything like the quantity
that they used 10 sell before prohibi-
ton, and suppose the distillers' rea-
son-I think this is the correct reason
is that # they can import those
American types of whisky from Can
ada, and thus supply the demand for
the more expensive types without
making them TOO expensive, they can
keep the country drinking what it was
before, instead of changing to Scotch
whiskies, gin ana other things. Thus
the whisky oistlllefs have something
very real to gain by a cut tariff and
nothing much to lose"
James M. Doran, head of the Or
ganized distillers, said his industry
was in favor OF tariff reductions on
American-type whiskies. He said.
however, that those who anticipated
immediate liquor tariff slashes were
not taking into account the neces-
sarily extended job of negotiating
diplomatic agreements between the
State Department and other countries.
Evening star., 1934-07-05
DROUGHT CHANGES
PROGRAM OF A.A.A.
Regulation Of Live Stock
Production Will Be
Abandoned.
BY the Associated Press.

BY the Associated Press.
Changing conditions, with the wide
spread drought as the principal infiu-
ence. have brought five changes in the
farm-reLef program of the Agricul-
tural Adjustment Administration.
They sre:
Abandonment of control over live
stock production.
An increased production Of wheat
and cotton over the figures for the
current year.
InStitu ton of o single reduction
contract to cover all feed grains sub
ject to curta timent.
Establishment of plan for storing
grain OIL the farms, with loans made
against it. Possibly the grain would
be placed under Government seal.
A broad milk program for the East
ern section Of the country, with many
Evening star., 1934-07-05
Famous Thsa.sr Bankrupt.

The Cirque d'Hiver, the theater in
Paris which became famous for its
theatrical and sporting productions
has filed a petition in bankruptcy,
Every effort is being made to restore
its depleted finances for many Pari.
slams do not want the house to close
its doors.
Evening star., 1934-07-05
Defiant Farmers Warned.

Farmers Of the Irish Free State who
refuse to till their land have been
warned by Minister of Defense +. Aiken
that they must get busy. He declared
in Dundalk that the Free State needed
plenty of wheat, but many refused to
obey the advice Of the government to
grow the grain. I'm q short time dras-
tic action will have to be taken against
them" he said. "If the men who are
cornering the land refuse to till it
and grow food for the people. we shall
see that there are people put on the
land Who will use 1t properly"
Evening star., 1934-07-05
Pilgrims Go BY Plane.

Air service into the Himalayas was
inaugurated recently when a plane
conveyed pilgrims from Hardwar,
United Provinces, to Hauchwar. The
pilgrims then climbed to the Hindu
shrine at Badrinnath, 10000 feet up
in the clouds. The pilgrimage was
made in 10 days instead of the Gus
tomary six to eight weeks.
Evening star., 1934-07-05
Safe Blasting Shows Loss.

Blasting q safe in a Hoeganaes,
Sweden, store proved a financial loss
to two thieves. They used several
dollars worth Of dynamite, blowing
the heavy safe door through win
dow and arousing people hundreds
of yards away. The men had to flee
on a motor cycle with their booty,
which totaled 80 cents.
Evening star., 1934-07-05
Dead Fish Block River,

Thousands of dead and dying fish
formed elmost a solid mass and
stopped all traffic in the River Avon
near Holt, England, recently. It is
believed they had been poisoned. The
fish were mostly roach, eels, pike
and tench. OffcialS are investigating.
Evening star., 1934-07-05

Secretary Wallace already has pro-
posed the storing Of grain on the
farms where It is produced. The grain
would be marketed as demand dc
tates. Oficials believe this would mar
row fluctuations in prices.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1934-11-15

SALE-TO the dealers and
garage owners of Montgomery
County: See McGhee at Derwood
for parts. 1928 Chrysler Coupe, $40;
Model T. Ford Sedan, $15. Wreck
ing Chevrolets, Model T. Fords, '26
Hudson, '28 Dodge and etc. Used
tires and parts of all kinds. Half-ton
Dodge truck for sale. 466