davidaulloa/AmericanStories huggingface dataset:
Evening star., 1934-01-21
VIGILANCE OF TREASURY MAKES
COUNTERFEITING HAZARDOUS

cluded $14,220 Of altered notes, of
which $500 were made and passed in
foreign countries, and $185 of frac-
tional currency. Counterfeit coins to-
falling $72,818 were conf1scated.
In connection with investigations and
arrests, operatives captured 400 plates,
613 film and glass negatives for print
ing counterfeit money and securities,
together with go lithograph stones and
rubber plates; 4871a plaster molds, 391z
metal molds and 411a steel dies for
counterfeiting coins, together with q
large quantity of miscellaneous ma
terials and paraphernalia.
The division during the year detected
II new counterfeit note issues. photo
mechanical productions which war
ranted distribution of descriptive warm
ing circulars and approximately 100
unidentified notes of varying types and
denominations which circulated in diff
ferent sections of the country for short
periods, some being handdrawn and
Photographic specimens of extremely
crude workmanship" it said.
Evening star., 1934-01-21
BY CHAS. p. SHAEFFER,
Associated Press Business Writer.

The annual report of the secret serv-
ice division of the Treasury Department
reveals counterfeiting was widely pur-
sued, though hazardous, vocation In
this country during the last fiscal year.
More than 5000 persons were arrest
ed for various counterfeiting oftenses,
Of which 1853 were convicted and
sentenced, 1852 were acquitted, 739 are
awaiting action OF the courts, wn1le
others were variously disposed Of.
OF the number arrested, 1889 were
note counterfeiters and note passers. "a
were note raisers and passers of altered
currency. 956 were coin counterfeiters
and passers, $40 were check forgers. IL
were apprehended for negotiating
stolen or forged bonds. 80 were held
for fraudulent negotiations of adjusted
service certificates and so arrests were
made for miscellaneous offenses.
Counterfeit notes aggregating $921,-
400 were seized during the year by
operatives of the service. These In
Evening star., 1934-01-21
SURETY LAWS EFFECT ON MOVING
OF SAYINGS is DECLARED SLIGHT

parently show some small amounts COM
ing out Of boarding.
THE mutual savings banks of this
State entered 1884 with deposits total
ing S. ,064 .000, 900. The number Of de-
positors served by savings banks de-
clined, for the first three quarters Of
1888, but the last quarter showed an
increase Of nearly $4,000 to q total Of
5,766, ,349."
Commenting on the fact that in many
instances savings accounts were the
only assets which stood between the
depositor and actual want, Mr.. Kinsey
pointed out that in 1888 payments of
principal amounts of $235, ,000, 900 and
dividends of nearly $168,000. 900 went
to relieve the temporary distress and
real needs Of savings bank depositors in
the State"
Copyright. 1931.)
Evening star., 1934-01-21
DOLLAR IS FIRM
AT END OF WEEK
Pound Sells at $5 in New York,
a Decline of 2s4 Cents
From Fridays Level.
BY the Associated Press.

BY the Associated Press.
The dollar was firm in foreign ex-
change markets during the abbreviated
session yesterday.
At London the American unit moved
narrowly in relation to the pound ster-
ling. closing at s5.015s. against an over
night figure of $500. In New York the
British currency sold at S., decline OF
81 cents from Friday.
In Paris the dollar gained 3 centimeS
at an equivalent of 6.28 cents to the
franc and in New York the French unit
was quoted at 6.241a cents. of .03 of a
cent from Fridays finish. 9E
In terms of the franc the dollar was
valued at approximately 62.77 per cent
Of parity. Based on the domestic gold
price of $34.45 an ounce, it had a
theoretical value of 60 per cent Of its
former parity.
Evening star., 1934-01-21
Full Publicity Advocated.

Il am sure you will all agree that the
greatest safeguard to economy and eff
cheney in the expenditure of public
moneys and the preservation of the
trust and confidence of the people in
their Government is the utmost pub
licity in all fiscal transactions in which
representatives of the United States
may be engaged.
During the IL years which have
passed since the enactment of the
budget and accounting act, recon-
mendations have been made for legis-
lation designed to strengthen the prin-
ciples established. Of paramount i'm
portance in this regard, is the matter
OF accounting for incoming moneys of
the Government. 1t is obvious that re-
cetpts are necessary before there can
be payments but existing law has not
yet been interpreted SO as to permit
the functioning of the General Ac-
countinc Office as completely in the
auditing of revenues as in the auditing
of receipts.
1T is inconceivable," Mr.. Denit con-
cluded that vast sums of public
moneys should be collected and spent
without audit and without the require
ment for an accounting. That this
state of affairs did not escape the
watchfulness of the President for the
public good is evidenced by executive
order No. 6,549 issued January 8, 1884
which directs that:
Accounts of all receipts and ex-
penditures by governmental agencies,
including corporations, created after
March 3, 1888, the accounting pro-
cedure for which is not otherwise pre-
scribed by law, shall be rendered to the
General Accounting Office in such
manner, to such extent and at such
times as the controller general of
the United States may prescribe
Chester LeaSure, manager of the
resolutions and referenda department
of the United States Chamber of
Commerce. also addressed the associa-
ton on What Can We Expect From
the Present Congress.
Banks Deposits Jump.
Deposits of the First National Bank
of Baltimore, the largest national bank
In the Fifth Federal Reserve district,
totaled s107273223 on December 81,
last, an increase of $2,913,763 COM
pared with six months earlier. Sur
plus and undivided profits also were
up at $685. ,568, compared with S.
295,200 at the end of last June.
Secretary of Commerce Roper will
present to President Roosevelt tomor-
row q report on stock market regula-
ton. Problems involving investment
bankers also will be contained in a
special report from Mr.. Roper, it was
indicated.
Jesse M. Jones, chairman of the
r. F. c., has announced that to date
the corporation has approved 5,4S1 ap-
plications for purchase of preferred
stock in banks, involving commitments
of $892, 900, 900.
Nine mutual savings banks in Bal
timore at the close of 1888 had total
deposits on December 80, 1888. of
SITS, ,3Z5 ,o70, as compared with $751;
230.45l at the close Of 1929. There
were 306, 40 depoSitors at the close Of
me year, an increase of 1881 over
1882 and 2s, ,464 over 1929.
Evening star., 1934-01-21
.|NCREASEDOUTPUT
Of FURNITURE DUE
AS ORDERS MOUNT
Production Likely to Run 20
Per Cent Ahead of Early
Last Year.
BY F. A. RESCH,
Associated Press staff Writer.

CHICAGO, January 20.-The output
Of Americas furniture factories during
early months of 1884 promises to be
about 20 per cent ahead of the same
period last year.
This is the concensus Of leaders in
the industry whose factory orders in
1888 amounted to 26 per cent more
reckoned in dollars-than the total for
1882.
Increased activity by factories in all
sections during the late Winter and
early Spring will reflect orders placed
by retailers during January's National
Furniture Show at the American Furn-
iture Mart in Chicago.
With the improvement for 1888 on
the books. and with a satisfactory mar
ket opening the new year. the furni-
tupe industry now injoys the brightest
outlook it has had in several years, "
saiG Lawrence H. Whiting, president OF
the Mart.
Good Volume Expected.
1T was the general belief Of more
than 4,400 buyers, from retail stores
in 43 States which were represented at
the show in Chicago. that February
furniture sales will roll up a good vol
ume nationally.
Their opinion is that spring busi-
ness this year will far exceed last
years.
"If this forecast is correct, it will
heavy buying by the stores beginning
about March land most exhibitors
obtained enough orders at the market
to keep them busy until that date"
In summary of wholesale furniture
business for 1888, compiled by the Ma
tional Association of Furniture Manu-
facturerS, it is disclosed that the dol
lar volume of orders last year rose to
A per cent of the industry's 1929 total,
and that shipments billed were Is per
cent ahead of 1882 and about 40 per
cent of the 1929 figure.
Gains in 1888, It was pointed out,
were due partly to rises in furniture
prices and partly to an increase in
number Of units sold
Business Tripled.
The most notable squirt experienced
during the year, the summary shows,
occurred during July, August and Sep
tember. when business virtually tripled
the volume for the same quarter of
1882.
The final quarter of 1888 saw some
decline, yet a gain of 27 per cent over
the same months of 1882 was regis
tered, according to the associations S
statistics.
That the final report for 1888 from
the retail end of the business would be
equally favorable was forecast by fig
ures for the first IL months of the
year, prepared by the National Retail
Furniture Association.
Two-thirds of the retail stores re-
porting to the association said their
business until December l had been
SURPRISING 1882 totals. December busi-
ness was declared generally good"
Evening star., 1934-01-21
HOG PRICES STEADY
TO 10 CENTS LOWER
Chicago Market Top Stands at
$3.50 With Bulk of Good Offer
ings at 1925 to $3.45.
BY the Associated Press.


CHICAGO, January 20-Hogs were
steady to 10 cents lower than Friday S
average in desultory trading today. The
top stood at $3.50 with the bulk Of
good hogs selling at 1925 to $3.4 As.
Receipts of 10000 carried 1900 di-
rect to the major packers. OF the re-
mainder, shippers took 1,500 head and
there were about 1000 head carried
over unsold. The market closed the
week practically unchanged from last
Saturday.
Cattle were nominally steady and
generally Is to 40 cents higher than
last week. Best light yearlings topped
at $725, highest price paid for any
thing except show cattle since last Au-
gust.
Sheep were also nominally steady.
Best fat lambs. both native and fed
Westerns just missed making SO dur
ing the week with peak Of $780, The
market was so to IS CENTS higher than
n u-~o'-
Evening star., 1934-01-21
SHOE OUTPUT LARGER.

NEW YORK, January 20 P).-Witt
demand for Spring shoes increasing
production for this month is running
about IS to 20 per cent ahead Of last
January, reports from manufacturing
circles indicate. The Spring shows Of
retailers held in Boston and st. Loui.
have resulted in heavy orders ano
manufacturers are steadily increasing
output.
Evening star., 1934-01-21
RECOVERY OUTLINED
ALONG PACIFIC COAST
BY the Associated Press.

BY the Associated Press.
SAN FRANCISCO, January 20-The
Wells Fargo Bank g. Union Trust Cos
survey of Pacific slope business for 1888,
completed yesterday, declares that lin
each month since last May general
business was more active than it
was in the same month of 1882"
The banks business index finished
last year at 69.4 per cent of the 1928
25 activity, compared with 67.2 In No
vember and 59.7 a year ago.
Evening star., 1934-01-21
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 20.-The vol
ume of business resulting from the
transfer of accounts from postal saw
ings and from other banks, both COM
mercial and savings. does not indicate
any extraordinary enthusiasm for de-
posit insurance as a matter of policy,
according to Henry r. Kinsey, presi-
dent of the Savings Banks Association
of New York.
Although it is early to arrive at any
definite conclusion as to the effect of
deposit insurance" he said, returns
since the first of the year indicate that
mutual savings depositors did not gen.
orally feel that their deposits in the
mutual savings banks required such in
surance, and consequently the imposi-
tion of Federal deposit insurance made
ii.t'e difference. Scattered returns ap-
Evening star., 1934-01-21
HART VICE PRESIDENT
OF INVESTMENT TRUST

Slauson, White & Rowe. Inc, Wash
ington distributors of independence
Fund of North America, have received
word from New York that Hugh D.
Hart has been elected vice president
of the company. Mr.. Hart was for Is
years general agent for the Aetna Life
Insurance Co., and for the last four
years vice president of the Penn Mu-
tual Life Insurance Co.
Evening star., 1934-01-21
FINER QUALITY WOODS
ACTIVE DURING WEEK
By the Associated Press.

BY the AssOclated Press.
BOSTON, January 20 Omitted States
Department of Agriculture) The finer
quality Western grown woods were quite
active during the last week, and prices
made moderate advances on a num-
ber of lines. Graded and original bag
lines of territory GAS and finer greasy
.combing wools had a fairly large call,
and sizable quantities of - months
Texas wool were taken out of the mar
ket during the last week at strength
ening prices. Combing 58s. COS, terri
tory wool also moved at stronger prices.
Ohio and similar fleeces were quiet,
except for a few inquiries on the finer
grades.
Evening star., 1934-01-21
ACCOUNTANTS TOLD
FEDERAL METHODS
Of FGUARD|NGFUNDS
J. D. Denit Reviews Work OF
Budget and General Ac-
counting Offices.
BALTIMORE BANK BARES
BIG DEPOSITS INCREASE
Secretary Roper to Present Report
on Stock Market Regulation at
White House Tomorrow.
BY EDWARD C. STONE.

Members of Washington Chapter, Ma
tional Association of Cost Accountants,
were given vivid picture of Account
ing and Budgeting for the Federal Gov
eminent" by j. Darlington Denit, execu-
tive officer of the Agricultural Adjust
ment Association, and formerly con-
nected with the General Accounting
Office. at the January meeting held at
the Mayhower Hotel.
Mr.. Denit reviewed the history of the
act creating both the Bureau of the
Budget and the General Accounting
Office and listed the provisions with
definite accounting limitations on the
expenditure of public funds. He said
in part:
Federal Government does not differ
fundamentally from this simple state
ment of the household budget. The
expenditure Of public funds must be
kept within limits which shall not ex-
ceed receipts We must always re-
member that there can be no spending
by the Government without paying by
the Government, and that the Govern
ment cannot pay except out of the
pockets of the people
"Budgeting simply means that we are
proposing to spend certain sums and
for meeting such expenditures we plan
suitable revenue programs. When
agreement is reached we appropriate
and levy taxes or borrow accordingly
We maintain records Of what we spend
and what we receive and we utilize
these records for the purpose of ad-
mtnistration during our spending, as a
basis for future estimates and for the
purpose Of accounting.
Budget Controls Every Outlay.
Accounting for public moneys con-
sists in determining that funds appro-
priated are applied solely to the pur-
poses for which they are respectively
provided and no others. This is pri-
narily legal problem which, under
the provisions of the budget and ac-
counting act, 1921. is vested in the con-
troller general of the United States.
I'm every instance it is first neces-
sary to determine whether the proposed
expenditure is one authorized to be
made by the officer attempting to make
1t, whether an appropriation has been
provided from which the expenditure
may be made, and whether there has
been compliance with the many man
datory provisions of law designed to Sc
cure publicity in the expenditure of
public funds and equal rights to all citi-
zens," Mr.. Denit asserted
Accounting in the Federal Govern
ment is secured through vouchers and
accounts rendered pursuant to law by
the paying officers to the accounting
officers of the Government, the General
Accounting Office, in such form as the
controller general shall direct.
Evening star., 1934-01-21
R. F. DYER NEW OFFICER
IN CREDIT BUREAU HERE

r. F.. Dyer, president and treasurer
Of the ]. E. Dyer & Co.. has been elected
vice president of the Wholesale Deal
ers' Credit Bureau. which is now serv-
ing the following firms: j. E. Dyer &
Co., S. A. Gatti 85 Son. Wade Hall Co.,
M. E. Horton, Inc: Mazo-Lerch Co.,
and H. M Wagner Co., Inc.
Evening star., 1934-01-21
TOWEL PRICES RAISED.

NEW YORK, January 20 R.-Price
advances on towels averaging to 7h
per cent are being made by leading
manufacturers. Orders are reported to
h coming in at good rate.
Evening star., 1934-01-21
v. R. & f. REPORTS
GAIN IN GROSS
Economies More Than Offset
Lower Operating Revenue
for IT Months.
BY EDWARD C. STONE.

Gross income Of the Washington
Railway g. Electric Co. in 1888 totaled
81, 1850, ,664.74, against S2,35l ,25948 in
the like period in 1892, a gain of
se,415.26, according to the financial
report made by President William F.
Ham at the annual meeting held yes
terday.
The Washington Railway & Electric
Co. discontinued operations on Decem-
Der l, 1888, when the merger with the
Capital Traction Co. went into effect,
SO that the company had no operating
revenues during the last month of the
year. Operating revenues for the II
months. compared with the IL months
in 1882. show a decrease.
The management made a notable
showing in reducing operating expenses
during the year, this item being cut
to S3,137,47890. against the higher
figure of S3,798, ,085.64 in the previous
year.
Officers Elected for 1884.
At yesterdays annual meeting Of the
stockholders, 132,359 shares of stock
were represented in person or by proxy.
The stockholders elected these directors:
Daniel j. Callahan, Frederick w. Doo-
little, Robert v. Fleming, William F.
Ham, William Mcclellan, Eugene
Thompson and Harley P. Wilson.
The Board of Directors met immedi-
ately after the stockholders meeting
and elected officers for the ensuing year,
as follows
William F. Ham, president; A. G.
Neal, vice president and controller;
George M. Thompson, secretary and as
sistant treasurer, and j. E. Tenly. treas
urer and assistant secretary. The firm
n R0UaY1 r. Qnnnintnd ~
eral counsel of the company.
President Ham presented the fol-
lowing detailed income statement for
the IL months ended December 81,
1888, the figures being preliminary and
subject to audit:
Company's Income Statement.
1898. 1882.
enmes zRSARR 81 A522 430 %
Evening star., 1934-01-21

enues " S3.76s.4e6.e1 S4,533.432 o2
Operating ex-
penses, main
tenance,
taxes and de-
probation:
Oper ating
expenses.
a nt te
nance and
r.s. ton s5sst1sss asss1s ssss,9sSss sss 9sSss
3.494.O24.s 4151.5see 81
revenues 274,441.75 3s1.s45.40
"o revenues 2.Os6,222 1,969.414.0s
Gross income. 2,36o,664.74 2.351,25e.4s
CHARGES 6O3. .e4672 638.450.33
salancs for
and surplus S1,757,01s.O2 S1'714.sOe.1o
.Discontinued operations December /.
Surplus Statement.
Balance. December 81: 1882 s11,5so'277.bS
months ended December ,o,eo,
otSSi1, S1 lgsS lcggssSSits-Net iis5,S6s.o5 1855 .os
13.512.e57. go
Dividends on preferred and
common stock Of Wash
tric CO. 100000
Balance, December 81, 1888 S12.632.957.60
Since the merger of the company's
street car lines with the Capital Trac-
tion lines, washington Railway g.
Electric has become a holding COM
pany. Mr.. Ham, who was reelected
president, has served the corporation
for many years in that capacity. He
also is a former head of the Potomac
Electric Power Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-26
MAYOR DELAYS :
FILLING SAFETY !
BOARD VACANCY
Executive in No Hurry TO
Name Successor to
Frank Daley.

1t is improbable that a successor
to Frank G. Daily will be ap-
pointed to the safety board in the
near future, it vas learned today.
Although Mayor Reginald H. Sui
Ivan said that after the primary
the vacancy caused by Mr.. Daily's
resignation would be filled, he has
not yet decided upon the APP
pointee, The Times learned.
Mayor Sullivan recently declared
that the existing arrangement of
only two members serving on the
board is working out in a highly
satisfactory manner.
An appointment to the vacancy
will be made, however, before the
present administration is over, it is
believed.
City officials discredit the rumor
that Mr. Daley will accept a reap
pointment. They point out that
Mr.. Daley was reluctant to accept
membership on the board in the
first place, and desired to resign
after a short term Of service.
Mr.. Daley resigned from the
board several months ago when his
son, George Daley, announced. his
candidacy for the Democratic NOM
ination for prosecutor.
Incumbents are Charles r. N.Y.
ers and Donald S. Morris.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-26
Judge James P. Hughes k
Principal Speaker at
Exercises.

Members of the class of 1884 of
the Indiana Law School received
diplomas at graduating exercises
last night in the Claypool.
Principal speaker vas James P.
Hughes, Indiana supreme court
judge. Frank H. Fairchild was vale
dictorian for the class.
Officers of the Indiana Law
School Alumni Association elected
Thursday night are Samuel j. Of
futt, Greenfield, president; Ralph
Waltz, vice-president, N%oblesville;
Samuel E. Garrison, Indianapolis,
secretary-treasurer; Wilmer T. Fox,
Jeffersonville; Willard B. Gemmill,
Marion; Samuel D. Jackson, FIT.
Wayne; Thomas A. Daily; Adolph
Seidensticker, Indianapolis; Mar
jorie Roemler Kinnaird, Indianapo-
lis, and Judge Howard L. Hancock,
Rockville, directors.
Those who received Bachelor of
Laws degrees last night from Hill
ton U. Brown, secretary of the law
school board of trustees, were:
Julian Bamberger, Enoch Hogate
Clements. Frances Kaits Cohn,
Frank Hurlbut Fairchild, Alfred
Ralph Hollander, George Oscar Leh-
man, Jr., Scott Allen Mcdonald,
Josephine Morris Mckee, George
Roger Patton, Norman Edward
Patrick Jr., Thomas Condor Prall,
Archie Alvertus Ransom, Robert
Francis Schaefer, Dorothy Floy
Tucker, Max White and Leonard S.
Wohlfeld, all of indianapolis.
Homer Earl Bailey, Huntington;
John William Cohee, Logansport;
John Lewis De Voss, Decatur; Low
ell Harris Ditzenberger, louisville;
Edward Stoll Everett, Terre Haute;
Russell Arthur Gagnon, Goodland;
John Thomas Goodnight, Bethany,
w. Va, James Gamer Hughes,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-26
WFBM (1230) Indianapolis
indianapolis Power and Light Company
SATURDAY


P. M.
5:30-Marimba band.
5:45-Pirate Club.
6:00-CoWboyS.
6:15-Bohemians
7:OO-Grete Stueckgold and orchestra
(CBS).
7~:30-Champions (CBS).
8:00-Byrd Antarctic Expedition (CBSl.
S:3O-Eider Michaux Congregation (CBS).
9:00-Atop the Indiana roof.
9:20-Basebal Scores.
9:30-Little Jack Little orchestra fCBS).
9:45-Johnny johnson orchestra gCBS).
10 :00-Ted Fiorito orchestra (CBS).
10: 30-Gus Arnheim orchestra (CBS).
II :00-Harry Sosnik orchestra (CBS).
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-26
Tonight's Radio Excursion
SUNDAY

11:S0-Earl Hoffman orchestra (cBS).
IL :00-Sign off.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-26
MRS. JENCKES FLAYS
SMALL LOAN MEASURE
Excessive Rates Provided for in d. c,
Bills. She States.

Excessive Rates Provided for in ID. c.
Bills, She States.
By Times Special
WASHINGTON, May 26.-Bills to
legalize small loans in the District
of Columbia are now being opposed
by Mrs. Virginia Jenckes, Terre
Haute congresswoman, who con-
tends the rates provided for r ex-
cessive. The bills are now in the
hands of the District committee in
the house of which she is a menu
Der.
II protest against these bills as
loan shark legislation of the worst
type" Mrs. Jenckes wrote in a letter
to the committee chairman.
She asserted that they would per-
nit interest collections in excess of
40 per cent a year.