davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
GOVERNMENT TO AID
HOUSING DEPARTING
Outright Grant of IS Per Cent Will
Be Made TO Cities.
Bv Unitcd Press


WASHINGTON. July 9.-The gov
eminent today adopted the policy
Of making an outright grant of as
per cent of a projects cost TO any
city building a Slum clearance and
low cost housing development.
The remaining So per cent. Public
Works Administrator Harold L..
Ickes said, will be construed as a
loan, amortized by rents over a 60
year period. Interest rates will not
exceed 3 per cent.
The government. under the orig
inal S3.300.OOO.00O PWA program.
granted 30 per cent of a housing
project and charged 3 per cent for
the balance over as years plus
amortization of land costs. Under
the new rules. land cost will not be
amOrtized. but each project will
carry 3 per cent annual land rent
| fee
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
BUSINESS NOW
IN SAME ROLE
AS BEFORE NRA
Legal Status of Competition
Vested in Federal Trade
Commission.

By Scripps-H OtoGrd Newspaper Uiance
WASHINGTON, July 9.-The le-
g. status of business competition is
again just what it was prior to NRA.
All that is left of the codes is
widespread sentiment IN support of
labor and faiEtrade- practice stand
ards, and some Administration Of
flcials suggest that this sentiment
may be engulfed if wage-cutting
spreads after Congress adjourns,
which they profess to fear.
The Federal Trade Commission,
which fought NRA policies Under
both Hugh johnson and Donald
Richberg, has triumphed.
Labor Is Exempted
The commission holds that any
voluntary agreements within indus
tries need not include labor pro-
visions; also, that such agreements
would apply only to those industry
members who sign them; further,
that enforcement must be by the
industry itself under the contracts
In another field, the Trade Com
mission will continue to proceed in
dependently against unfair trade
practices such as commercial bril-
berry which are forbidden by the
Trade Commission Act, but only in
cases where interstate commerce
and effect on fair competition can
clearly be shown.
There is no plan to use labels as
tokens of fair competition. The
Blue Eagle is dead, although MIRA
Administrator O'Neill says it's in
cold storage"
NRA Supplies Data
The NRA will supply the Trade
Commission with data and advice
on labor provisions in voluntary
agreements, if members of industry
want labor provisions and if the
Trade Commission asks such help.
Some SO industries have proposed
or asked about" voluntary agree
mentS so far. the largest of these
being the fertilizer industry, the
copper products industry, and the
retail automobile dealers. Some of
the SO overtureS may have original
ed in the desire of code authority
officials to prolong their employ
ment, NRA suspects.
The iron and steel, coal, textile
and other big industries have made
no move.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
GRAIN FUTURES RISE
SHARPLY AT CHICAGO
Further Reports of Rust
Damage Aid Advance.
Bv United Press


CHICAGO, July 9.-Wheat prices,
which have been fluctuating wildly
on the Chicago Board of Trade un-
der conflicting influences the last
10 days, rose sharply today.
At midmo1ning the July deIiv-
cry was up cents at 827s cents, I'M
der the influence of bullish reports
from the wheat belt, where latest
reports indicated further rust dam
age.
Two weeks ago the rust scare sent
the market booming, but the rise
was more than offset by develop
ment of government control of the
Canadian market. This put the
market off nearly 10 cents during
last week.
Yesterday, however prices began
to recover from the Canadian scare.
Today's advance was aided by
strength in sterling and lack of
anticipated hedging pressure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
APPOINTS REALTY HEAD
Norman 10 Manage Fidelity Trust
Real Estate Department.

Robert ? Norman. widely know
in the indianapolis real estate field.
has been appointed manager of the
real estate department of the Fidel-
ity Trust Co. it was announced here
today by Frank f. Mckinney. presi-
dent of the bank.
The appointment Of Mr.. Moor
man. who has been active in the
real estate brokerage business in
Indianapolis during the last Il
years. became Elective Yesterday. He
is a member of the Scottish Rite.
the Shrine and the Indianapolis
Real Estate Board
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
Chicago Stocks
lBy Abbott. Proctor & Psinel
INDUSTRY OUTPUT OFF
July Preliminary Index Falls IS
Points From Preceding Month.

BIZ 7 INES Special
NEW YORK, July 9.-The prelim-
mary index of industrial production
was placed at 62.8 by the Standard
Statistics Co. today, a decline of 3.6
points from the preceding month,
but above the July, 1884. figure of
602
Following the decline in July. the
company stated relative stability is
looked for in August and September,
as contrasted with a sharp drop in
the like months last year. Indus
trial production for the entire quar-
ter is expected to average some 8
per cent above the corresponding
period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
FRUITS AMI VEGETABLES

CHICAGO. July Apples - Illinois
bushels 81 Carrots Western crates.
&C., 8 -SeT2 so TuruirS Illinois punches.
rr-TTr Sweet potafoeS-Tennessee bush
rs 6ST -oc Lettuce Western crates. ;
Coz S77STScS Leaf letfuce-Illincis
bushels 2sc BssnS-IlhnoiS bushels. 81 4
enr Washington huShel hampers.
fss Cahhsg e-TlliuoiS lettuce. crates.
si-ST2 Tomstoes-TeNsS Tugs. 81 S9
Srinsch-Tl'inoiS husFel sou 1Sc. ASpsrs
~lfs-Ulfrois square crates. coT.. 50 "a 75c
Fhubsrb -IuunciS 40-lb cartons. 30 soc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
Revised Bank Bill Fails
of Original Aim to Shift
Money Volumes Control
Measure Devoid of Reormatory Provisions, Puts Reserve
System More Securely Under Domination OF
Banking Fraternity.
BY JOHN L. FLYNN
Times Special Writer

YORK Elf Glass his bill banking
bill Administration bllto with
Liberals both
they will take when the final showdown comes
bill reformaoy the
called
why they They
they again? this the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
SECURITY INDEX RISES

NEW YORK. July 9-The COM
mon stock index of 10 leading man.
agement investment companies at
the close OF the week ended July
stood at 1914. compared with l1S0
on June IS. Distributors Group. Inc,
reported here today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
CREDIT FIRM EXPANDS

BALTIMORE. July 9.-The Com
mercial Credit Co, has concluded
the purchase. for cash. of practically
all of the common and preferred
stock of the Protective Finance
Corp. of Denver. it was learned here
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
BY James E. Bennett

City grain elevators are paying So cents
for No 2 soft red waeat Other grades on
their merits Cash corn No yellow
7e cents and cats 20 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
NEW BUSINESS BOOKS
AVAILABLE AT LIBRARY

The following new business
books are now available at the
business branch of the Indian
spolis Public Library:
FOREIGN ONDHOLDERs AND
AMERICAN STATE DEBTS (hv Reg
maid G. McGrsne Among the long
forgotten unpaid 1ebts are those of
certain American states Chapter
VII treats of the state debts Of In
diana.
CAPITALISM AND IT'S CULTURE
(hy Jerome Davis IA museum of
contemporary social horrors"
MANUFACTURE OF HOSIERY
AND ITS PROBLEMS (by z. NJ
Schenke)-A manual to supply in
formation about the history Of hos
iery. its manufacture. defects. their
causes ano how to detect them.
APPLIED SECRETARIAL PRAC-
TICE tby r. r. Sorelle and J. r.
Gregg -" Secretarial duties may be
grouped into two classes-those re-
curing technical skill and those in
volving mainly ability and knowledge
that almost put the secretary in the
role of executive"
INTRODUCTION TO ADvERTIs-
ING Thy A. J. Brewster and Herbert
Palmer-Third revised edition.
SPORTING GOODS DEALERS d.
RECTORY 0934-1935l.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
Money and Exchange
TREASURY STATEMENT

WASHINGTON. July 9-Covernment sX-
DenSeS and receipts Tor the current fiscal
year TO July s. a. compared with a year
a.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09

The original purpose Of the bill
to transfer control over bank money
volume-haS been wiped out. Hence
the original design of introducing it
on longer exists The bill now &C
tually puts the Reserve System un-
der control of the banking frater-
nifty even more than is the case at
present. Because it removes the
Secretary of the Treasury and
Comptroller of the Currency from
the Reserve Board and takes from
the board the naming of the chair
man of the Reserve Bank boards.
The bill permits banks to make
25-year loans on real estate up tC
so per cent of the value of the prop
erty. This is a grand way to freeze
bank loans.
Distribution Allowed
The Glass draft will permit COM
merCial banks to return to the dan
gerous practice of becoming again
part of the machine for distributing
securities to the public for the Wall
Street banking houses. The Bank
ing Act of 1916 had sought to end
this.
Finally the bill contains a provi-
sion so strange that one wonders
how it got into the act. 1t Is SC
hidden away in an apparently I'M
important phrase that it virtually
has escaped public attention.
Under the Clayton act of 1914, no
bank officer, director or employe
may become an officer, director or
employe of more than one bank in
the case of banks of $5,000,00O as
sets. The -Steagall act OF
1888 prohibited officers and direc-
tors of commercial banks to be Of
fiCerS and directors Of security in
vestment houses or partners III them.
Morgan Was Affected
This latter provision forced the
powerful house of Morgan to choose
UClWC IllG INV COOl1lCllb dIlu GlIC
banking business. The investment
business was dead at the time, and
they chose the banking business.
But no one expected them to remain
quieScent.
Now the Glass draft contains this
amazing provision. 1t declares that
no officer or director or employe of
a member bank of the Reserve
System may be an officer or director
or employe of more than one other
bank. This means. of course. that
the head Of one bank may be the
head of another bank
It means in effect that each of the
20 Morgan partners, for example
may be directors or heads of one
other bank. 1t means, also, cou-
pied with the underwriting provi-
sion of the Glass draft, that each
such bank may engage in security
underwriting. 1t is a magnificent,
even if accidental. gift to an organ
ization such as the Morgan firm.
Copyright. 1885. NEA Service Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
lRv limited Pressl

CHICAGO. July 9.-Hogs 900 includ-
ing 5000 directs, active; strong to 10
cents higher than Mondays average BEL
80 90 10000 lbs ss.75G9.75. 10000 lbs.
80 4od9s0 packing soWs ss9s.50. few
sc So Cattle. 5000: calves $500, better
mating in run: early trade slow but gener-
ally steady. statesmen asking higher prices:
and common and medium grades Sc area
and FIRM very few grasseTS in run: nu-
merous loads fed steers and vesrinEs here
NJ value to sell st s110i2: weighty steers
Al the outside price some held higher, all
she stock firm and moderately active Z:
bulls and veelerS strong at s6.l5 down
and 20 down. respectively Sheep. 1000:
fat lambs and vearings SLOW. indications
around % cents lower: sheep steady. ma
tive lambs soQo25: hest held higher:
Westerns ss vet unsold; native ewes. $50
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
Produce Markets

The prices quoted below ere paid tor
stock gathered in the country while de-
hvereo in indianapolis the price vii pc =
horn breed hens 10c: heavy breed cocks,
7c: Leghorn breed cocks. Sc; colored
hroilers lbs and VI, l3c; Leghorn broil-
ers. IL lbs and Up. Zoe Bareback broilers.
ioc ducks fun festhercd and fat. &c.
geese full feathered ana tat. &c; No.
strictly fresh eggs. loss OF f9c. Each fulI
case must weight SIS lbs. gross. a deduction
of i0c z pound under SIS lbs. will be mads.
6utter-No / 22d 23c. butterfat. 1Oe.
Quoteo ov the Wadley Co
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
UTILITY VOTING
REVEALS WEST
FOR PRESIDENT
South, Where Electricity Is
Little Known, Rejects
Roosevelt Demands.

y = tWfH NpffHt
WASHINGTON. July 9-Analysis
Of the recent House vote on ths
utilities bill shows that the South
I turned the President down while
/ the newly Democratic West sup
F ported him.
The motion to substitute the
milder House bill for the Roosevelt
/ backed Senate measure was carried
+ by 253 to 147. with 166 Democrats
/ voting against the White House
program. Democrats from the South
/ and the border states voted IS to
/ As against the President, but Demo-
Gratis from the Far West voted for
him. % to r.
The West has become power
minded" because of its many
1 reclamation and public power de-
velOpments. Also, western con-
greSsmen say, it has become distrust-
full Of the big holding companies
Of the East and their absentee
ownership of operating companies
that do business in the West.
Electric Little known
The South, particularly the deep
South. has not seen much public
power development Much of rural
Dixie knows little of electricity at
al. only about per cent of the
Souths rural homes being wired.
In California SO 3 per cent of farm
homes have electricity.
The Democratic delegations of
the Northwest and Midwest states
either went for the President or
we're divided about evenly. New
England Democrats voted 10 to 5
against the White House. New York
State Democrats were Is for to IL
against; Pennsylvania Democrats II
against. IL for: Illinois Democrats,
10 against, 4 for.
But Florida went Solidly against
the Presidents program, and Viz
ginia voted to / against him. And
the Democrats of North Carolina,
often called the South's most pro-
gressive state. voted 10 to l against,
only the faithful Bob" Doughton,
Ways and Means Committee chair
man, standing by the President.
Tennessee Is Exception
Voting against the President were
many important southern leaders,
including Chairman Buchana IN
Tex of the Appropriations Com
mittee; Rep. Ramspeck (GaD;
Chairman McReynoldS CTenn) of
The Foreign Affairs Committee;
Chairman Vinson CGaO of Naval
Affairs: Chairman Bland (Va) of
Merchant Marine; Chairman Green
fla of Territories, and Rep. Hud-
dleston (Ala).
Tennessee, center of the IVA
development. was the only southern
state to give the President strong
support The vote there was to
for the Administration program.
This analysis is based on the Of
fetal roll-call OF July ., not on the
anonymous" teller vote recorded
by Scripps- Howard newspapers on
the previous day. Most members
voted the same way both times.
Another reflection of western SEN
/ timent is the fact that of the seven
Republicans who voted with the
President two were from North Da-
kOta. one from Iowa. one from Kan
Sas and two from California.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
Air "Fhruers' Appear

t,cip-motored summer fiUuer" ojrplane. we'gh-
ing $50 pounds fe1c fo passengers IN Los Angeles nj
125 miles hour. is planned TO market the ship the
frst near at $500 and later at 1925.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
U. S. GOVERNMENT BONDS

Knew 1885 high.
Copyright. 1885, by Standard StatisticS)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-09
". Y. Bonds

(Bv Abbott. Proctor & Paine)
sReprinted From Yesterday
DAILY BOND INDEX
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-06-27
Herald Reporters Get
80 Days For Contempt
During BOland Trial

Two reporters for the Washington
Herald yesterday were sentenced to 80
days in Jail and the American News
papers, Inc, was fined $1,000 for con,
tempt of court in publishing the
secret verdict" of the judges who
tried John Martin Boland on charges
Of conspiracy to murder Francis
tSlom) Lyddane. The reporters were
Pat Frank, feature writer, and David
Lee, the Herald's Montgomery County
correspondent. Bonds of $4,000 each
were set by the court pending an ap-
peal. Attorneys for the corporation
asked for the five-day privilege.
Attorney Elisha Hanson of the
American Newspapers, Inc, apologize
ed for the perfectly inexcusable
story and offered to apologize To the
court and through publication should
it be established that the story OBJ
structed justice.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-06-27
Examination For
Mail Carrier To
Be Held Shortly
Civil Service Commission To
Fill Substitute Vacancy At
Rockville POstOffice

The United States Civil Service
Commission announces an open COM
petitive examination for the position
of Substitute Clerk Carrier, for fill
ing vacancies in the Post Office,
the usual entrance salary being Csc
an hour.
Applications for this position must
be on file with the Manager, Fourth
U. S. Civil Service District, Wash
ington, D. c., not later than July
D, 1885.
Competitors will be required to
report for written examination, which
will be held approximately Is days
after the date set for the close of
receipt of applications.
Full information and application
blanks may be obtained from the
Secretary, Board of U. S. Civil Serv-
ice Examiners, or at the Rockville
postoffice.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-06-27
Suburbs Reveal
Lowest. Electric
Rates In State
Rockville And Gainesville
Among Towns Enjoying
Cheaper Power

Towns on the outskirts of Wash
ington, and Baltimore enjoy the low
est electric power rates in Mary
Ian, a Federal Power Commission
survey issued yesterday shows.
In cities of from 5000 to $4,000
inhabitants, the lowest rate is re-
corded by Gainesville for small
of power. The Gainesville
rate is SLIPS for 25 kilowatt hours,
However, Frederick rate is the low
est of cities of this size for users
of ESQ kilowatt hours. Annapolis
rate to large users is the highest
in the State, the cnarge Deing $10.67
for 100 kilowatt hours.
Hyattsville and Mount Rainier
have the lowest rate among COM
munities Of $500 to 5000, and Ches-
tertown has the highest, So for %
XVIII.
The lowest rate for all communi.
ties is in effect in Berwyn, Bethesda
Brentwood, Capitol Heights, Colmai
Fairmont Heights and River
dale, where Is XVIII cost SO cents
The next lowest rates are 81 fol
Is XVIII is Gaithersburg and Rock
vile. Two other Montgomery Coun-
ty towns, Clarksburg and Damascus
are in twelfth place, paying $2.2s
for Is XVIII. The rate in Hagers-
town, which has municipal as well
as a private lighting plant, is $1.4s
for 25 XVIII. The same rate is
charged by both the public and pri-
vate plants.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-06-27
Montgomery Players Plan
Annual Subscription Drive

A large crowd attended the Sun
day afternoon tea given by the Board
of Directors of the Montgomery
Players in the home and beautiful
gardens of Miss Margaret ]. Buck
ley, 41O9 Leland Street, Chevy Chase
to open their 1856 subscription
drive.
The board Of directors, j. A.
Bishop, Jane Plummer Rice, Mar
garet J. Buckley, Irving M. Day,
j. Russell Nicholson, Margaret B.
Keyhoe, and Helen Pyle and Doris
Day., attended the Thursday night
performance of "After Dark" at the
Roadside Theatre. Martha Roberts,
because of illness could not be pres
emit. Ralph Fowler, stage manager
of the Montgomery Players, played
the lead in "After Dark"
After the theatre,Jane Rich en-
tertained the party at her home in
Somerset, where a board meeting
was held and plans for the coming
season were discussed.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-06-27
New Workers Are
Named For Jobs
By Commissioners
Coughlan Agrees To Appoint.
ment Of Veirs AS County
Liquor Board Head

The County Commissioners got to-
cother Tuesday and Commissioner
Paul M. Coughlan, of Silver Spring,
;oined his Fusionist confreres in back
inc James P. B. Veirs for the post of
General manager of the Montgomery
County Liquor Control Board. Cough
Ian had previously opposed the ap-
uointment, favoring a suburban mar
for the job.
Viers was appointed at salary of
$4,000 a year the appointment effec-
tive July 1. John C. Walker retiring
manager, was granted two weeks va
cation from that time. =
Coughlan proposed the reinstate
ment of Lieut.. Dunbar Padgett, per-
manently injured in line Of duty,
and James Nichols as desk clerks
at the Bethesda substation Of the
county police. He also proposed re-
instatement of D. L. Mllstead, gen.
eral utility man at Silver Spring. The
three were rappointed by the Com,
missioners. They had been among 25
dismissed last week in the heat of the
three-cornered bout between Repub-
lican Fusionists, Democrat FushIon-
lists, and Organization Democrats.
John Mcdonald, of Rockville, was
appointed county engineer at salary
of $4,000 year to succeed Harry B.
Shaw, Democrat, who was voted a
Two weeks additional pay after Com
missioner Coughlan had told the board
Shaw had been "a perfect gentleman
who realized his dismissal was the
fortunes of politics.
William C. Folsom, of Silver Spring
was appointed an assistant engineer
at a salary of $1,000 and the pay of
K. K. Waters, already functloning as
assistant county engineer Was raised
from 81 800 to $4,000 year. Raymond
Stevens, who is to be replaced by Fol
som, also was voted the additional
two weeks vacation" pay.
The salary of Mrs. Katherine
Bradley Turner, clerk TO the county
building inspector at Bethesda, wa:
raised from $50 to $50 month.
Asbury Williams, colored, was APP
pointed janitor of the Silver Spring
hlspensary building at SIS a month
to rep'P"N Richard Gather, who was
transferred to the county building al
Silver Spring at $50 month to re.
place Harry Lee Miller, dismissed
Democrat.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1935-06-27
County Assessor Aud BIames Delay
In Work On Actions OF Predecessor
Admits That Office Is Three Years Behind And Crit
cises Board Of County Commissioners For Passing
Up Tax Equalization Plan

900 worth, there would be no need
for am increase in the tax rate. Aud
insisted that he had assessed as much
property "as was humanity possible.
He fired a broadside at the whole
board by declaring that had it put
through a tax equalization plan, the
assessed valuation of properly in the
county would be increased by APP
proximately $10yOOO,OOO, and added
"taxes need not have been raised"
In letter to the board, which he
requested Ira c. Whitacre, clerk to
the board to read to the members,
And maintained that more than one
half of the property which he had
been required to assess since taking
office last January should have been
assessed prior to that time.