davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times., 1935-12-09
BETTER CHECK
|. ON ELECTRICITY
EXPENSE URGED
Take 'GuesSWork' Out Of
Distribution Costs,
Says Expert.
BY RUTH FINNEY
Times Special Writer

WASHINGTON, Dec. 6. - A
method of taking guesswork out of
electric utility regulation has been
put forward by Morris Liewellyr
Cooke, Rural Electrihcation admin
istrator.
Speaking in New York before the
American Society of Mechanical
Engineers, Mr.. Cooke outlined a
new regulatory technique which is
being studied with interest here.
1t calls for accurate determina-
ton Of the cost of distributing elec-
tricity. At present this is un-
charted ground. Preliminary work
by engineers outside the industry
indicates, however, that rates could
be reduced considerably if these
costs were known.
Costs Clothed in Mystery
Mr.. Cooke warned the electric in
dustry that unless accurate cost ac-
counting is developed, the public,
increasingly impatient with confus-
ing data and generalities, may sue
cessfully demand unfair rate re-
ductions.
Approximately half of the two
billion dollars year paid by con-
sumers for electricity goes for the
distribution of electricity, Mr..
Cooke TOLD the society. However,
the industry has clothed distribu-
ton costs in mystery, perhaps
chiefly in fear of more effective
regulation, and because "the legal
sanction to charge such a price as
will give fair net return on fair
investment has made it unnecessary
to consider precise cost finding"
Investigation Under Way
Generating and Transportation
costs have been accurately measured
for years. Mr.. Cooke has been try
ing since 1928 to have similar stud
les made of distribution. However,
this is the first time any of the en-
glneering associations has put the
subject on its program for consid-
Grafton.
The New York Power Authority
started an independent study in 1883,
and short time later the Federal
Power Commission undertook an in
vestigation which is not yet COM
piete.
George H. Morse, in charge of this
investigation, told the Society of
Mechanical Engineers that data
at hand so far indicate the cost Of
distribution should be about PAT
cents where an average of 900 kilo-
watt hours per customer is used.
Procedure is Outlined
Generating and transmission
costs, with capital and operating ex-
penses included, have been figured
at l cent, indicating electricity
might be reduced from more than 5
cents a kilowatt hour to about 312
cents.
The perfection of cost accounting
methods covering distribution would
be to the advantage of the industry,
Mr.. Cooke argued, for if the pres
sure of the consumer is applied
blindly in the absence of any base
of reference, it may ultimately elm
mate the profit margin"
Mr.. Cooke told the engineers that
contrary to general belief, cost find
ing in the distribution field offers no
insuperable obstacles. He outlined
to them a technique of procedure.
The Indianapolis times., 1935-12-09
RETAIL TRADE
NEWS BRIGHT,
REPORT SHOWS
Merchants Reports Indicate
Larger Pay Rolls and
More Spending.
Times Special

Times Special
NEW YORK, Dec. 9.-Retail
trade activity rather than produc-
ton will assume more prominence
in the news during the remainder
of the month was the prediction
today in the current issue of Busi-
ness Week
Commenting on last weeks busi-
ness activity, the magazine states
that merchants reports from all
parts of the country indicate SUBJ
stantiai gains over last year, par
ticularly on the West Coast and in
the Central industrial states where
action in steel and motor centers
accounts for bigger pay rolls and
more spending.
Steel Price Lag Is Surprise
Failure of finished steel prices
to advance following the recent in
crease in semi finished steels came
as a surprise to many" the survey
continued. Even non-ferrous metal
markets which have seethed with
rumors of impending copper price
increases we're Sobered.
Business Week limited two weeks
ago that the play of competitive
forces in important steel consum-
ing centers might prevent the in
crease that otherwise seemed en-
tirely logical Not only we're prices
for the first quarter unchanged on
sheets, bars, wire products and tool
steel, but 1886 contracts for tin
plate, as we'll as for rails, tie plates,
and splice bars for delivery through
the first half of 1886, were left un-
touched.
Machinery and machine tool
builders just closed satisfactory
months business and expect the
balance of the year to run at about
the same pace.
Motor Manufacturers Pleased
October passenger car sales
were lower than those of Septem-
ber, as had been expected, but regis
tration of 148,339 still bettered
every month back to 1880. Ten
month sales of 2,286,4 are larger
than for any full year since 1890,
while the ten-month sales of COM
mercial cars, 442,13 are best since
1929.
Motor manufacturers are so
pleased with reports on November
that production for 1885 seems cer-
tain to pass four millions. Detroit
hears that one of the big volume
motor manufacturers has perfected
a Diesel engine for trucks, sched-
uled for introduction shortly"
The Indianapolis times., 1935-12-09
EAST OHIO GAS co.
SHOWS NET PROFIT
Income Displays Wide Range Dur
ing Last 10 Years.
By United Press

% tNttfH FCfSS
WASHINGTON, Dec. 9.-Profits
OF the East Ohio Gas Co., operating
subsidiary of the Standard Oil Co.
of New Jersey, during the past 10
years ranged from 20.31 to 160 PEI
cent after deduction for write up. /"
according to reports submitted to
the Federal Trade Commission by
Frank Buckingham. examiner.
The largest profit was made in
1926 and the lowest in 1888, the re-
port showed In 1884 the rate of
return after deducting the write
up was 5.34 per cent.
Return of the total investment.
including the write-up" ranged
from 1886 per cent in 1926 to o.97
per cent in 1888. The East Ohio
Gas Co. was formed through con-
solioation of various companies on
Feb. "a, 1910.
The Indianapolis times., 1935-12-09
Produce Markets

The prices quoted below are paid for
stock gathered in the country while de-
livered in Indianapolis the price will be a
cent higher HEAVY breed hens. i6c; Leg
horn breed hens lac: sprinsers over 4I2
lbs lie: under 4ia lbs. l6c: old cocks &C.
Leghorn springerS, Ia lbs. and UP. lac
Turkeys-Young hens lbs and UP. lec;
toms. II to Is lbs. l9c over Is lbs. lSc;
old toms. lac. Ducks-White AZ lbs. and
up l0c: geese. 10 lbs. full feathered and
fat. &c; old guineas. l5c; vourg guineas
Ia lbs. and up. 25c, No. strictly fresh
eggs. loss of. Csc; pullet eggs. lSc. Each
fun case must weigh 55 lbs gross a de-
duction OF ioo pound under IS lbs will
be made No. l butter. S6i2 2637i2c: No. 2
33is 34iac; butterfat, sac, Quoted by the
WedleV Co.
The Indianapolis times., 1935-12-09
STANDARD OIL HEAD
PAID $81 900 IN 1884
SEC Releases Confidential Report
on Ohio Petroleum Co.

By United Press
WASHINGTON, Dec. 9. - The
Standard Oil Co., of Ohio paid w.
T. Holiday $1,000 for his services as
president of the company during
fiscal 1884, the Securities and Ex-
change Commission has revealed.
Making public another group of
hitherto confidential reports, the
commission showed that Mr.. Holli-
days chief assistant, vice president
H. F. Spears, received $4,000, and
A. M. Maxwell, another vice presi-
dent, was paid $4,000.
1t was revealed at the same time
that John w. Davis, Republican
presidential nominee in 1924. re-
ceived legal fee of $4,000 from the
Standard Oil Co. of New Jersey in
1884. The same company paid ss4,-
050 to Price, Waterhouse and Co. in
1884 for auditing fees and special
services"
The Indianapolis times., 1935-12-09
Unlisted Stocks
(By Blythe & CO..
NEW YORK BANK STOCKS
FIRE INSURANCE
NET INCOME INCREASES

Times Special
NEW YORK, Dec. 9.-Net income
OF the American Water Works and
Electric Co. for the IL months end
ed Oct. 81 amounted to s3,187, ,435,
equivalent to s1.14 a share on the
common stock, against s105 share
on the common stock earned in the
preceding period, it was announced
today.
The Indianapolis times., 1935-12-09
MAIL CONTRACT VOIDED
United Fruit to Continue CARRYING
Route on Poundage Basis.
Times Special

I TWbN = UPCtuI
WASHINGTON, Dec. 7.-An
ocean mail contract, held by the
United Fruit Co., covering service
from New Orleans to Havana, Girls
tobal, G. T.; Cartagena, and Puerto.
Colombia, has been Cancelled, Post
master James A. Farley announced
today.
The contract had 10 years to run
from March 2l, 1888, and is one of
the three held by the United Fruit
Co. The company will continue to
carry mails on the route on a
poundage basis, it was stated.
The Indianapolis times., 1935-12-09
MILL WORK RESUMED
Carnegie-Illinois Co. Opens Plant at
Mcdonald, o.
Times Snec;oI

PITTSBURGH. Dec. THE Car
negie-Illinois Steel Co. has begun
rolling operations with its new AZ
inch high continuous strip mill al
Mcdonald tO) works, it was an
nounced today.
The mill is expected to produce
strip steel up to a width of 81
inches, and has a steady capacity OF
10000 tons month. The United
Engineering and Foundry Co. con.
struct d the unit.
The Indianapolis times., 1935-12-09
Busigrubhs

In normal times our exports have
figured roughly 10 per cent of our
production. Although this is a
small percentage of our output, to
many a producer a slight loss or
gain in exports means the difference
between red and black ink. In the
first 10 months of this year our ex-
ports were not quite Ia per cent
greater than in the corresponding
1884 months. October exports, how
ever, were nearly 71z per cent
greater than year ago.
The Indianapolis times., 1935-12-09

The index of all commodity
prices, compiled by the Bureau of
Labor Statistics on the basis of
1926 as 100, declined from 965 in
July, 1929, to 5e.S in February,
1888 In the recovery movement
which. began in March, 1888, the
index rose to a peak of 80.7 in
September, 1885. There has been
no marked change since last April,
The Indianapolis times., 1935-12-09
MANAGER is APPOINTED

NEW YORK, Dec. 9-The Gen.
eral Foods Corp. has appointed
James Ingram associate merchan-
dising manager, effective Immediate
ly, Austin S. Ingleheart, president
of the General Foods Sales Co., Inc,
announced today.
The Indianapolis times., 1935-12-09

would expose them to the appetites
OF kidnapers, etc. Of course, kid
napers know that the president of
a great national corporation has
plenty of money without report
by the SEC.
u IDNAPERS do not ask bank
IN statements or government in
come tax returns. One of the
gentlemen who objected to reveal
ing his 100000 salary lest it dis
close his vulnerability to black
mailers, keeps lying off the point
near by home a million dollar
yacht with crew of more than 30
men. That's plenty of advertise
ment of his wealth
The real reason for objecting to
these disclosures is the myth which
these men have built up that they
are entitled to secrecy about their
possessions.
This is a brand-new notion. In
times past, before the rise of the
corporations, the wealth of all but
a few people was in real estate,
their personally owned businesses,
their personal property belongings.
A IL these things were subject
n to taxation and houses and
real estate to assessment and the
assessment rolls were open to all.
A few owned government or COR
porate bonds, but this was negligi-
BILE. Every ones wealth was open
and obvious to any one who wanted
to know 1t.
In the last so years, through the
corporate device, we have enabled
everybody to conceal what Re owns
behind corporate forms And we
have come to think this cleverly
contrived secrecy is right-a
sacred right-rather than an ex-
tremely dangerous social tolerance.
A LII this applies to these great
4 "A corporate salaries. The salary
and wages of almost everybody in
the corporation is known. This is
for the simple reason that wages
are fixed and salaries follow cer-
tain standard forms.
The gentleman at the top who
gets a huge salary is not content
with that, but in addition insists
on the added privilege of secrecy.
Salaries of public servants are
known from the President down.
These other men are servants of
large corporate constituencies.
Congress does not need to yield to
the demand for repeal of this re-
quirement. Also, Congress has it
within its power to strengthen the
rule and to compel all employees to
report what they are earning in
addition to their corporate SAL
aries.
Copyright 1885 NEA Service, Incl
The Indianapolis times., 1935-12-09
Trends
Drive Against Filing
Data With SEC
Predicted.
JOHN L. FLYNN

NEW YORK, Dec. 9.-The SEC
may get ready for another little
campaign against it when Congress
opens. Indeed, it will be strange
If the coming session does not see
the beginning of the undoing of all
the reforms Of the last few years
The Indianapolis times., 1935-12-09

vi u Z - IeSSlOu
piety. Surely one
of the first will
be.a drive to put
an end to re-
vealing salaries
Of the officers in
our large corpo-
ratios.
The SEC re-
jected the re-
quest of various
corporations for
exemption from
the requir e.
ment. The rea-
sons given were,
of course, that
revelation would
The Indianapolis times., 1935-12-09
AGREEMENT TO BE HEARD

WASHINGTON, Dec. "a pro.
posed marketing agreement and
order for handlers of fresh lettuce.
peas and and cauliflower grown in
western Washington is to be con-
sidered at a public meeting Dec. is
in the Chamber of Commerce
Building, it was announced today.
The Indianapolis times., 1935-12-09
tBy United Press

CHICAGO. Dec. s.-Eggs Market
steady; receipts 2+3i cases; fresh graded
firsts. 29i7c; extra frsts. S01sc: current
receipts 27G 2Sc: oirties. 20d 2lc; checks
l9m20c Butter Market-Easy: receipts,
5222 tubs extra frsts 90-elis scorel S2L
d32isc: extras 90 scorel. 32a4c: frsts s.
s9is scorel. 3im3lS,c; seconds ,s6-s7i,
score) soc; specials. 33Ad33'4c; stand
eeipts. car. 2s trucks: ducks, isalsc;
geese. i3di4c. spring chickens i9G2ic;
hens. iSG20iac: turkeys. $50 24c; Lsghorn
twins isaisIe: daisies. is,s smisssc;
Longhorns isa.mi9iac. Potstcss-Suuplv
moderate; demand very slow: market about
steady; Idaho Russet Burbanks 80: u
S. No. q si30 Wisconsin round whites,
sllShl2S commercials si0SMi 07is Z:
Michigan Green Mountains. Sl4S: Mime
sofa and North Dakota early Ohios Sll7i9
Tl25: unclassifed. sl.05: Colorado Nc
Clures. si50nl.S5. Nebraska Bliss
Triumphs. 81 40: South Dakota Early Ohios.
81. Arrivals. 1873; on track $40; shipments
SS7 Saturday
The Indianapolis times., 1935-12-09
LOCAL CASH MARKET

City grain elevators are paying 81 cents
for No. 2 soft vneat> Other grades on
their. merits Cash corn new No 1 yellow
IS cents and oats 10 cents
The Indianapolis times., 1935-12-09
alexander Hamilton Institutel

alexander Hamilton Institutel
about % years and after the Civil
War there was a price decline
which lasted for approximately 33
years. The duration of those two
movements would seem to indicate
that the current decline since the
World War is only about half
completed. The course of prices
since the beginning of the nine
teenth century is shown in the
above chart.
The Indianapolis times., 1935-12-09
Local Securities

because quotations on local securities
are unlisted on an Exchange. The Times
can not assume responsibility for the ac-
curacy Of these figures gathered from local
br0kers.)
The Indianapolis times., 1935-12-09
Wool Consumption at Peak

Domestic mills consumed more acool during the
first nine months of the year than during any similar
period since 1928, the Department of Agriculture has
onnoUnced.
The Indianapolis times., 1935-12-09
N. Y. Bonds
(Reprinted from Saturday,
DAILY BOND INDEX
U. S. GOVERNMENT BONDS
(By Abbott. Proctor g. Painel

Copyright, 1885, by Standard statistics)
The Indianapolis times., 1935-12-09
Chicago Stocks
by Abbott, Proctor g. Paine)
NeW York Curb

(By Abbott, Proctor 81 Paine)
The Indianapolis times., 1935-12-09
Chicago Grain Futures

tBy James E. Bennett & Coz
The Redwood gazette., 1935-09-12

When a man feels that he has
outgrown his best friends he has
not grown at all.
The Redwood gazette., 1935-09-12
Luverne Bicycle
Riders on Strike

Luverne's first major strike of
the season was launched one af-
ternoon recently when group of
20 youthful bicycle riders, carry
ing banners, vigorously opposing
the anti-sidewalk riding edict re-
Gently issued by Mayor E. S.
Frick, paraded through main
street during the busiest part Of
the afternoon. The strikers sought
the sympathy of the public by
means Of their studied messages
and signs.
Some of the banners read as
follows: "We Want to Ride On
the Sidewalks" and Sidewalks
or Streets 2" To make their
strike more effective, the boys
travelled as slowly as possible and
on several occasions tied up traf-
fic on busy intersections.
The strike broke up in a near
riot when Chief of Police, P. j..
Connell saw the caravan. The
chief, whose main worry on the
busy afternoon was to keep traf-
fic moving, sent the strikers sour
rying in a dozen directions when
he suddenly made his appearance.
After the strike was over, Keith
Connell, one of the youngest strik-
ers in the group, said, "Gosh,
Grandpa sure gave me heck!"
The Redwood gazette., 1935-09-12
Bird Island Men
Injured In Wreck

George Schultz and son, John,
of Bird Island were injured Mon
day noon of last week when the
truck which they were driving
and the car of DR.. A. H. Havre-
berg of Olivia collided on a cor
ner a few miles south of Bird
Island.
MIR. Schultz and his son, the
latter of whom was driving the
truck, left for their home shortly
before noon Monday and had
reached the corner near the Fred
Kenholz farm when the accident
occurred. The truck, it is report
ed, was thrown about Is feet and
the left front side was smashed.
John Schultz received several
bad cuts and bruises about the
head and his father was severely
shocked. Both received first aid
at Bird Island and were then tax
en- home. DR.. Havreberg was un-
injured, although the front of his
car was banged up considerably.
The Redwood gazette., 1935-09-12
! See By The Gazette

Mr.. and Mrs. R. w. Serkland
spent Monday at Tracy.
Wallace Whiting, Harland and
Henry Jaehning spent Monday IN
Minneapolis on business.
Mr.. and Mrs. George Stebbins
and family spent Sunday with
relatives at Montevideo.
Mrs. Mildred Colberg is assist
ing in the office of the Montgom-
erv Ward store at New Ulm.
Mr.. and Mrs. Marvin Kline OF
MINNEAPOLIS were weekend guests
of Mr.. and Mrs. c. H. Burmelster.
Mr.. and Mrs. John Hyslop Jr.
and daughter, Mary Ann OF Slay-
ton visited at the DR.. T. F.. Finn
home Sunday.
Mr.. and Mrs. R. w. Serkland
celebrated the 10Th anniversary
of their marriage last Wednesday
evening when members OF their
bridge club went to their home
and a pot luck supper was served
in their honor.
]. H. Wichman and Coach Vim
cent Hunt of the Northtield hlgn
school who attended the fifth an
nual Birch Coulee golf tournament
at Olivia Saturday, motored here
in the evening to visit friends.
Mr.. and Mrs. Richard Trapp OF
Sanborn spent Sunday with the
latter's mother, Mrs. John Vierllng
at Wabasso. Other guests at the
Vierling home were Mr.. and Mrs
William Vierling of Minneapolis.
George A. Barnes returned
Monday evening from Blue Earth
where with Mrs. Barnes he had
gone to spend the weekend. The
latter remained and will visit her
parents, Mr.. and Mrs. F. E. Put
nam until the latter part OF the
week.
Mr.. and Mrs. Charles Van Der.
held and Mrs. Jennie Barnes OF
Snohomish, Washington arrived
Saturday evening to visit at tht
home of their cousins, Mrs. Franf
Gerstman and w. H. Ball. Mrs
Barnes will remain for two weeks
and the others went on to Wes'
Concord to visit other relative:
and will return here later.
The Redwood gazette., 1935-09-12
Forgery Attempt
At WOrthingtOn

Forgery put Maurice Harrison,
transient, in Jail at Worthington
recently and he was bound over
to the district court under $1,000
bond.
Harrison made a purchase at
Weppler's grocery totalling $1.5O
and gave check for $21.46.
Bruce Taylor, the clerk who made
the sale, gave the check to the
proprietor for approval. Sensing
that the check was forged, Wep-
pier called John Dickinson, whose
name was on the check and he
identified it as a forgery. Harri-
son was questioned and the door
locked to prevent his escape while
the police were called. About 80
customers were in the store at the
time.
Harrison, it was said, had got
ten possession of a protector SER
vice at Worthington drug store
and had used it in making out the
check.
The Redwood gazette., 1935-09-12
Radio Schedule Of
DR.. O'Brien Slated

DR.. w. A. O'Brien, associate
professor of pathology and pre-
ventive medicine, University OF
Minnesota, will give his weekly
radio broadcasts Tuesday morn
ings at 11:15 o'clock.
DR.. O'Brien broadcasts over
WCCO under the auspices of the
Minnesota state medical associa-
ton. Broadcasts for the month
of September are: September II,
"Ticks and Disease;;" September
"a. "Women in Cancer Education" I"
The Redwood gazette., 1935-09-12
Elect Officers

w. F. Johns was elected COM
mander of the American Legion
at their meeting Thursday. Other
new officers include John Murset,
first vice-commander, N. R. Ryer-
son, second vice-commander, Park
er D. Sanders, treasurer and Fred
Macs, Chaplin.
Donald Daskam was elected to
the building and Harry Thomas
to the executive committee. Selec-
ted to choose a site for the new
Legion flag pole were p. H. Boil
lum, O. G. Austbo and Parker D.
Sanders.
The Redwood gazette., 1935-09-12
New Manager

John E. Keachie of Elkton,
South Dakota has been employed
as manager of the Kolbet Dairy
company. Mr.. Keachie ran a
creamery south of the Chicago
and North Western station here
% years ago.
The Redwood gazette., 1935-09-12
Constipated Folks

If you feel groggy. drowsy, diz-
zy, gassy and bloated after eat
ing; if constipation gases cause
headaches or dullness, make cup
of HOLSTERS Rocky Mountain Tea
and see what remarkable change
it will bring about. Sward-Kemp
Drug Col adv.
The Redwood gazette., 1935-09-12
Offices Moved

Government offices, located
above the National Tea store for
several months were moved to new
quarters in the court house and
former Citizens State bank build
ing Thursday.
The Unemployment and WPA
Offices will be in the basement of
the court house and the Relief Of
fees on the first floor. The bank
building will house the Rehabili-
tation and FCA departments.
The Redwood gazette., 1935-09-12

Effected by a lightning bolt
which struck nearby, Mrs. Ida
Hanson of Maple Ridge, near Bra
ham, was taken to hospital un-
conscious. Mrs. Hanson was sit
ting by a window in her home. The
lightning left no mark either on
the house or nearby.
The Redwood gazette., 1935-09-12
TO STOP COMMERCIAL
FISHING ON MINNESOTA

Effective January 1, 1886, all
licensing of commercial fishing in
waters of the Minnesota river will
be halted by the division of game
and fish. An order affecting that
part of the river from Mankato to
its mouth will make the entire
river free from licensed CONNER
cial fishing because above Man
kato no licenses were permitted.
The order was issued because of
grave danger of undue depletion
of game fishes"
The Redwood gazette., 1935-09-12

Never put off until tomorrow
what you can get somebody to
do for YOU today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-27
British Ryder Cup
Golfers Confident
See Bright Chance to Snap
American link.

BB JHtted Press
RIDGEWOOD. N. j., Sept. IL
American and British professionals
meet tomorrow in opening matches
of two days Of competition for the
Ryder Cup over the Ridgewood
Country Club course.
The British, captained by Charlie
Whitcombe, one of three brothers
representing England, were conf
dent today they will break tradi-
ton and become the first visiting
team to triumph since the series was
started in 1926.
Not since the cup was put in
play has team been Successful in
winning it away from home and we
are confident that this year we can
break this jinx, Whitcombe said to-
day. I'VE have a young team and
should put up a smart fight"
England leads in victories over the
nine-year period Of competition,
three to two, having won the 1888
series at home. The cup is con-
tested for every two years.
The pairings for the matches are
expected to be announced tonight
or early tomorrow. The series con-
sists of four foursomes and eight
singles.