davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12

ton which the Second Bank OF the
United States exerted over business.
Hoosiers waited until 1884, by
which time it had been established
that the Federal institution would
not be rechartered, before they
launched the Second State Bank
with a 25-year charter. After IL
years of financial stability, during
which it passed successfully through
two emergencies, the General Bank
ing Act opening the free banking
era was ratified. AS a consequence,
the Indiana Bank began in 1855 to
take steps preparatory to the ex-
piration of its charter four years
hence.
What this free banking era meant
was that, instead of the state own
ing the institutions, any specified
number of persons could form such
an establishment. At that time the
issuance of notes, or currency, was
the principal business. The deposit
business was faint shadow of what
it is today; in fact, some OF the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12

This is the fifth Of six articles de-
scribing the history and functions Of va
rious state departments, whose super
yisory activities are so necessary for
the public good.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
Five Year Trend Noted

Aggregate deposits of the nations
first 25 banks over the last five years
are cited by the banking daily as
f0llnrrc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
On Commission ROU

Quotations below are average wholssole
prizes being offered 70 buyers by local
commission dealers;
Fruits-Bsnanss, 4s4e ID. Goosebsrries.
16-ot cases, 81 Easpberries. red 24-at
case, So. Blsekherries. 2s-ot. case. So Sol
BlGeberries. Georgia. 2S-ot. crate Sc So
C1err.eS, sour. 24-ot. crate. 81. Cantaloupes
CaAioTnia jumbo. SeS. crate. s3.25; Jumbo.
As $3.50; California standards. ass, So so.
Iestebes Georgia. Blues. half bushel
sl.40, Georgia = bertas. half buShel. 81 6Os
horey Jews t2Alfornia. S22S, Water
melons WATSON eoc; round. 4cc. Apples.
$50 432s. S. Grapefruit. Florida seedieSs'
6Ss. Jos SOS. $3.50. California ssedIeSS.
COS. zoos S2.75 PineappleS ass So Lines.
MeSlean. per. carton. zoe: Persian. seedleSS.
eEeIabies-cabbage. home grown. bu.
SOC. Onions. California yellow. 5O-lb. bag.
Sie5; Kentucky yellow. 5o-lb. bag. 81 20.
Potatoes. Green Mountain. l00-lb. bag.
slla neg eobslsrs. 100 lbs 81 so;
ohios. loo-lb bag. $50; Idaho Russets.
llo-lb. haS- 81 Sweet potatoeS-New Ala
bspa. = bgshel. 81 20. Beans green string
washed coz.. 81 IS. medium. s5c. Jumbo.
&c. California. crate. S3.15. Florida. crate
s. CEcumoerS dollhouse. doz. 9oc l-coL
Boy. lee. Esg plant. 81 50 ooz. Kale. nushel
ttsce, dollhouse. l5-lb. basket. 4Sc: Cali
t1rnta Iceberg head lettuce. 50 MangoeS.
SIS hamper small basket. Sc. Mint. a
c2z 15e Parsley; .eoz- s5c. Peas. home
sL7s. Spinach. home grown. bushel' CSC.
Raoishes. 2-dol- basket. Use. Turnips. new,
coz.. 2Sc-. Beefs. home grown. a doz.
S9e; CeIIQtS nome grown, ooz., 25c: new.
Soc sS. Mushfooms IS ss Su'o Tom. oos.
home Rrown. i0-Ib. carton. 81 IS: Doz. soc
Az quotations subject 70 change up OF
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
WHEAT RESUMES
DECLINE AT START
Alien Firmness, Rust Re-
Ports Check Selling.

By United Press
CHICAGO, July 12.-Although
bearish sentiment predominated in
the wheat pit on the Board of Trade
today, firmness in the Liverpool
market and black rust reports tend
ed to check the selling.
At the start wheat was y to %
cent lower, corn was 4 cent lower
to scent higher, oats were off Is
to 4 cent and rye was a cent lower
to y cent higher.
The bearish sentiment which
gripped the trade yesterday after
release of the governments favor
able crop report was present early
and brought In scattered selling.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
by Abbott. Proctor & Paine).
Other livestock
by United Pressl

CHICAGO. July -Hogs-Receipts,
5000. including 1000 directs; steady 70 10
cents lower than Thursdays average;
weight 2eo,2So lbs. holding up; better
siO.25: 250-s5o lbs. So. sOG 10. 10000 lbs.
S9.5Oaio15;. most packing sows. $3.50
s so Cattle-Receipts. 5000 calves. 500;
no reliable outlet for fed steers and long
yearlings; supply OF such kinds. mainly
followers from earlier in the week and
moving very slowly at $40 downward to
$3.50: fat she stock Is to IS cents low
er. cutter COWS weak at IS down. mainly
s4.75 down; bulls firm to shade higher; up
to $685. being paid: vealers unevenly weak
at so cents lower: choice offerings at IS
showing most decline. Sheep--Receipts.
5000: active. around steady on all classes:
native lambs. $3.50 so; top paid by all
interests: bulk. $3.50 upward; five cars
choice Idahoes. $3.50. with a short deck
out at 81: good 70 choice yearlings. $3.50;
native ewes 50 6s25
FIT WAYNE. July 12.-Hogs-steaoy to
SC higher: 10000 lbs, $40; 2o0-225 lbs,
50 90: 150-le0 lbs. $3.50: 14O-150 lbs. ss.25;
l30-I40 lbs. SO: l20-l30 lbs. sS.75 l00-l20
lbs. ss;25: roughs. SIS: stays. SIS. Calves.
IS. lambs, IS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
MARKET
QUIET, STEADY;
RECEIPTS RISE
Cattle, Lambs Unchanged;
VeaIS Again Move so
Cents Lower.

Trading was quieter in the pork
market at the Indianapolis Stock
yards today following burst of &C.
tivity in the previous session which
resulted in a sharp increase in
prices. The market today was most
ly steady in all divisions.
Receipts increased moderately,
offsetting part of the strong de-
mand for supplies which prevailed
in the previous session. Today's
supply was estimated at 5000, an
increase of 1000 over yesterdays
figures.
Although trading was fairly active
throughout the session, no particu-
lar interest was directed toward
any special weights. Recently trad
ers attempted to force the heavier
weights lower by centering their at
tention in the smaller classes. The
top price today remained at 5000,
the highest level reached since May
%. Holdovers were SO.
The bulk situation was practically
continuation of yesterdays prices,
with the regular grades from 160 to
235 pounds selling at $40 to 5000.
Supplies we're extremely scarce in
the cattle market, especially in
steers and heifers where steady
prices prevailed. Cows and bulls
we're predominating in run with the
market active and firm. Bulk of
COWS brought $475 to $3.50. Re-
ceiptS we're 500.
Vealers again were generally SO
cents lower than yesterdays weak
average, selling mostly at So down.
Receipts numbered 900. Lambs kere
steady to slightly lower, with the
bulk of better grade eve and wether
classes selling at $775 to $3.50. Bucks
were discounted 81. Slaughter
sheep brought 81 to SO. Receipts
were 1000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
BY VINCENT LYONS
linen financial Edianr

Banking and politics in the early
days of the Union made up a pot
pourri which resulted in the emery
ence Of the free bank era in 1852,
the virtual birth Of the banking
system as it exists today. Prior to
the General Bank Act of 1852 the
principal banks of the country were
those created, via charters, by Fed
eral and state governments.
With the power to create banks
vested in the law-making bodies, it
was not long before jealousy and
favoritism spawned internecine
quarrels. The First State Bank of
Indiana, which was organized in
1877, only to collapse in 10 :, I'M
was pushed along to its
quick demise by the virtual domina-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
Belgium, Tightens Reins

A recently passed Belgian la1O imposes severe re-
striction activities of banks and bankers. Existing
lG,cs hare been drasticaly REUSED and committee of
seven has been named to supervise the nations banks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
Produce Markets

The prices quoted below are paid for
stock gathered in the country. while de-
iivereo in indianapolis the price Will &c q
horn breed hens. loc: heavy breed COCKS,
6roileTs. 2 lbs: and up, l2e: Leshorn 5Toil-
lOc: ducks fun feathered and fat, &C,
geese, fun feathered and TAT. Sc; No; /
strictly fresh eggs loss Of isc Ea S:ic, full
Of Ice pound under s. lbs. will be made
Butter-No. l. 22G23c; butterfat. 2oc.
Quoted By the wadlev CO.
by United Press
ss aTcA 4sssp. IVY s cases 5s6 S1sa.d
les, 2ossc;t cheeks. aOi.e. ButtegeMsrkst
arm arm reSeip'ssq I tues; extra n5s,s 81
&c: frSrS fss-seis Scorel. 21S4 q 22i2c: sec
onds tse-s7is scorel. 2Ic; specials. al : a
steady. strons receipts IS tfucEs broieTs
liza isc; fryers. lSM 2ic: old ROSTERS. Il = q
i2ise. ducks. log l5e; geese. l0d l2c; spring
KEYS. lSG l5c; Leghorn hens, Isc. Cheese
b oT5s lYe qslsies. ist ~ l4e Iops
market about steady Wisconsin Round
Whites, 45c: Idaho RusSets, sl40. New
Stoek-Supply light, demand and trading
moderate. market about steady: California
Round whites. 81 s.. Mississippi CotberS
s. se&Sl.22ls: Kansas cobblers Si05:
Illinois Cobblers. l25; virginia cobbiers'
81 goa IS. Tennessee Cobblers 81 406f IS
Arrivals, so; on track. 22T; shipments. $50.
CLEVELAND. July 7s-Butter-Market
firm, extras. 2Sc; standards. Csc Etes-
q &C: current receipts. 22c. Live Poultry
Market flrms heavy fowls. zoe: medium
fowl. 16ll9cs young ducks l50 Ice: ola
BARRE; Ohio cobblers. 81 50Gie0 Z l00-lb.
BAG; Oklahoma Red. SLIGO 1o0-lh. bag.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
BANK DEPOSITS
IN BIC CENTERS
SET new PEAK
Flow of Funds From interior
Institutions Responsible
for Increase.
By Times Special

~ tHt5 2pcCtQl
NEW YORK, July 12.-At the
midyear, deposits Of the nations Is
largest commercial banks and trust
companies had attained a new peak
Of SIS, 249 ,O01, 200, rejecting a move
rnent of funds from interior and
country banks to the big institutions
IN the central reserve cities, accord
ing to a tabulation made public to-
day by the American Banker, the
daily banking newspaper.
About SO per cent of the deposits
of the nations commercial banks
are now deposited with the 25 larg-
est institutions, it is estimated.
Movement of bank funds to the
large financial centers like Chicago
and Wall Street is in the face of a
continuing lethargy in the security
and call money markets. Lack of
borrowing demand is believed by the
An Tican Bankers as impelling the
redepoSit of bank funds in the big
capital markets, despite the pau
city of earning power in Wall Street
and attitude of the big financial in
stitutions toward payment of inter
est on time deposits these days.
Five-Year Trend Noted
Aggregate deposits of the nations
first 25 banks over the last five years
are cited by the banking daily as
follows:
June 30, 1885. ........S SIS, 249 001 200
Dec. 81, 1884 ......... 14,750 693, 500
Dec. 30, 1888. ....... 11,572,113, 300
Dec. l, 1882. 1910, 1880
Dec 81, 1881. ...... 1927 631 600
Dec 81, 1890. .......... 1864 0O2 1893
During the last six months the de-
posts of the first IS banks rose
s496, 307, 700 over their preceding
peak at the 1884 year-end.
In the ranking as to deposits, the
Irving Trust Co. advanced from
thirteenth to tenth place. The Con-
tinental- Illinois National Bank of
Chicago climbed from sixth to fifth
place in size. according to deposits,
among the nations big banking in
situations.
So abnormal is the prevailing
money market that the cause for the
pronounced shift of bank funds into
the big financial centers from the
interior is somewhat conjectural
Government spending is generally
credited for the advancing trend of
funds on deposit in the nations
banks, as reflected in the record
high of excess reserves.
Credit Expansion Seen
Some bankers point to the huge
reservoir of idle funds in the banks
as presaging the long awaited credit
expansion and perhaps boom" The
continuing high levels of securities
prices in the face of business recess
sion is held by some economists as
evidence that the United States, with
Wal Street, is now in the early stage
Of the credit expansion.
Whether or not the movement of
bank funds to the big money mar
kets anticipates a boomlet in the
securities markets, which is also to
say the call money market, is a mat
ter for conjecture.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
U. S. GOVERNMENT BONDS
Libertys
Close. close.
4th AIS 1883 ............10l2 1919
Home owners Loan Corp.

Federal Farm 'Mortgage Corp
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-07-12
LOCAL CASH MARKET

City grain elevators are paying 70 cents
for No soft red wheat other grades on
their merits Cash corn No. YelIoW.
70 cents and oats % cents
Evening star., 1935-09-26
NAVY TO PRESENT
HUSKY FORWARDS
Line to Start Game With
William and Mary Is
Heftiest in Years.
Special Dispatch to The Star.

A NNAPOLIS, September 90
~ The Naval Academy will start
~ a line averaging little over
n 1876 pounds against William
Mary Saturday. This is the heaviest
set of forwards that team has had for
years. Several of the veterans have
added poundage. and when places
have been filled, in most cases, a heav-
ier man has been picked.
Though the left side of the line was
changed completely in yesterdays
practice. defensive scrimmage against
B squad, the line probably will start
this way against William and Mary:
Left end, Bill Hulson; left tackle,
Dave Sloan; left guard, Otis Cole;
center, Capt. Lou Robertshaw; right
guard, Rivers Morrell; right tackle,
Duke Ferrara, and right end, Dick
Bull.
Backfield Is Settled.
THERE Is no doubt at all about the
backfield. The combination of
Dick Pratt, Tom King. Snead Schmidt
and Joe Evans has been playing to-
gether since the early days of practice
and is forming into a nicely moving
machine. Schmidt appears better as
a running back every day, and all the
others, particularly King, are more eff
fective than they were last year.
The team is a little topheavy with
Pennsylvania men, four of them
Robertshaw, Sloan, Bull and Evans be-
ing from that State. For the first time
in years, however, Eastern boys pre-
dominate. Cole is from New Jersey,
Ferrara from New York, Pratt from
the District and King from Maryland.
Eight out of II are from the East.
The squad received a serious blow
when it was found that Bill Ingram.
scion of the Navy's great foot ball
family, was out of the game indefinite
ly. He sustained a minor fracture of
the arm. He was doing better work all
the time in running and passing.
Evening star., 1935-09-26
GREAT MAJORITY
EXCEL 1894 FORM
Duke, Title Choice, Carries
Plenty of Punch-Terps'
Card Tough Barrier.
By the Associated Press.

BY the Associated Press.
~ ICHMOND, Va, September 90
J Now that the publicity men
II have completed their before
i y the-battle ballyhoo, Southern
Conference teams will have to stand
or fall on their own merits. Optimistic
predictions, however, seem reasonably
justified.
Last years weak apparently have
grown stronger while the strong have
given some indication Of greatness
with Duke and Clemson both living
up in opening games to preseason
predictions and Maryland and Wash
ington and Lee prepared to open up
Saturday with strong eleyenS.
In a nutshell the situation appears
to be:
MARYLAND.
THE Old Liners will throw veteran
team against an almost suicidal
schedule. There are lettermen avail
able for most all the jobs and some
fine, fast stepping backs headed by
Bill Guckeyson
The veteran Frank Dobson is aiding
Jack Faber and Roy Mackert with
the coaching. If they get off on the
right foot, the TerrapinS may be hard
to halt.
VIRGINIA.
Gus TEBELL has patched together
~ a surprisingly stout line and has
a fine triple -threater in Harry Martin,
rangy fullback. If the backfield begins
clicking, the Cavaliers may climb out
OF the cellar.
WASHINGTON AND LEE.
THE Generals lack reserve strength.
particularly in the backfield, but
they doubt the ability of any con-
ference team to outplay their big
aggressive forewall Smart year ago
and apparently packing just as much
between the ears now. the line can
make a touchdown look like a mighty
big margin.
Capt. Jack Bailey, husky fullback,
will lead the offensive, with Bill Ellis,
a versatile end, taking care of the
kicking.
VIRGINIA TECH.
THE Gobblers have big line and an
outstanding back in Foots Dicker-
son. l9O-pound fullback, but the
sophomore reserves may take lot OF
punishment before they get onto the
hang of things.
v. M. I.
ONE of the smallest squads in the
~ conference, but blessed with some
first-class veterans
Unless injuries take their toll, the
Evening star., 1935-09-26
Meglen Gives Fine Exhibition.

"A NY doubt that Fullback Joe Meg
len, Georgetown's co-captaln,
would not be up to his 1884 standard
this season seems to have been dis
spelled. If he continues to flash the
form that he displayed in yesterday S
workout on the Hilltop, Coach Jack
Hagerty is going to have another bril-
liant ball-carrier again on his hands
to team with Paul Sheeran, sophomore
sensation, who seems slated for a
regular berth.
Meglen didn't limit his seasons S
first display of impressiveness yester-
day to runs of Is and As yards. In
addition to driving the varsity to a
$40 romp over the frosh, Meglen
demonstrated that his kicks are going
to aid G. U. considerably. One of
them, close to 70 yards, bounced out
side on the freshmen'S 5-yard line.
Meglens defensive play yesterday
in backing up the line also reminded
Hoya observers of his fine work OF
last year.
Hagerty's chief worry at present is
the lack of smoothness and co-ordina-
ton. Ignorance of plays has been dis
covered in some of the linemen and
time and again Hagerty has been
forced to send tackle, guard or end
around the track as penalty for not
knowing his assignment.
Evening star., 1935-09-26
CENTRAL TO TEST
DEWITT GR|DDERS
Latter, Seeking Comeback,
Has Tough Job on Its
Hands Tomorrow.
- EVITT'S foot ball renaissance
receives its official christen-
ing tomorrow afternoon. At

~ EVITT'S foot ball renaissance
receives its official christen-
ing tomorrow afternoon. At
3:l5 o'clock, in Central Sta
dium, Jim Mcnamara sends a team
more like the Dewitt elevenS OF the
middle 20S than any of the past sev-
eral years. against powerful Central
team, playing its first game under the
new coach. Hardy Pearce.
It promises to be one Of the most
attractive opening scholastic grid
games the city ever has seen. In past
years a Central-Devitt clash has sig
nailed the seasonal climax for both
teams. In contrast, tomorrow's in
augural should be no less productive
of the former keen competition be-
tween the rivals. meeting again for the
first time in five years.
Has Some Clever Men.
PACK in 1890, when Tom Keefe ran
wild for the Purple to hang a
22-to-0 sinner on Central, Dewitt was
a leader among local scholastic elevens
Tomorrow they hit the comeback trail
after several seasons in the neither
regions against a team looked upon
by many as the coming 1885 interhigh
champion.
Dewitt has no Keefe to shoot again
against Central, but IN Adam zinkie-
vich and Frank Granier, the Purple
possesses q pair of potential line
wreckers. joe Nugert, who learned
the quarterback position while calling
signals for St. Johns, will direct the
teams offense.
How serious Dewitt has become ir
getting back into the scholastic gric
spotlight here is evinced by the an.
nouncement that Tom Clayton. Mary
land wrestling coach and an instructor
at the Upshur street institution, has
been ordered to organize and coach {
light weight team. which will play
against other 135-pound elevens o.
the city.
Every boy in school interested anc
participating in foot ball" is the new
slogan at Dewitt. They're looking
ahead to next years varsity, in thu
second step of the road back"
Evening star., 1935-09-26
BACkFIELD OFFERS
ST. JOHNS PROBLEM
Three Ball Carriers Injured as
Inaugural Contest With
Maryland Nears.
Special Dispatch to The Star.

Special Dispatch to The Star.
A NNAPOLIS, Md, September 90
With three first-string backs
limping around and out of practice
the entire week, Coach Tody Riggs is
worried about the st. Johns team he
will put against Maryland at College
Park Saturday.
On the hospital list are Johnnie
Lambros, the squads best runner:
Ned Lathrop, 1eO-pounder. who came
from the Coast Guard College, and
Skippy McMillen. All three would
play at some time if in condition
If none of these is able to play. a
fairly good backfleld made up of Bel
den Burns, Warren Hammann, Dick
Wickes and Harry Wagner will be
put on the field, but what is to be
done if back is injured Riggs doesn't
know. Two or three backs were shift
ed to the line early in the season, and
some of these may be recalled.
Several line positions still are tr
doubt. Len De Lisio is certainty at
left end, Ernest Christhilf at left tac-
kle, Ted Stankewicz at left guard and
Bill Eaton at right guard. Center
right tackle and right end are unset
tied.
Evening star., 1935-09-26
C. v. GAINS STAR,
THEN LOSES ONE
.Kava|ier Returns to Squad
and Marshall Is Hurt
Scrimmaging Frosh.

"ATE smiled and frowned queerly
l. upon Jim Pixlee's George
Washington foot ball team yes
L terday as the Colonials staged
their last hard scrimmage preparatory
to their opening game with Emory and
Henry in Griffith Stadium tomorrow
night.
First the tickle lady returned to the
SQUAD its dynamic junior fullback,
Frank Kavalier, who had been injured,
and then took away the brilliant
sophomore prospect, Ross Marshall,
also a fullback
Only a brief hour after Kavalier
turned up unexpectedly for practice
with the encouraging announcement
that his torn shoulder ligament was
healing nicely, Marshall became the
victim of a bruiSing tackle that left
him with badly dislocated foot.
Out for Long Period.
THE husky sophomore, whose pros
poets for stardom rated recogni-
ton in Illustrated Foot Ball Annual
this Fall, will be out of action for
from three to six weeks, it was an
nounced at George Washington Uni
versity Hospital, where he was put to
bed.
Strangely, less than 10 minutes be-
fore the accident Marshall seemed due
to remain inactive on he sidelines as
he varsity fullbacks, Lou Carroll and
Herb Reeves, monopolized the position
in a scrimmage. Toward the close OF
the fray, however, the youngster was
called on, and for a few minutes lead
ing up to the injury was flashing one
of the most impressive performances
any Colonial back has given to date.
Kavalier, whose injury early during
the training at Camp Let's was
| thought to have Shelved him for the
season, reported that his shoulder had
healed faster than he had expected
! and that he hoped to be able to play
within two weeks.
Offense Appears Smooth.
OPPOSED by the freshmen, the
" varsity, led by Tuffy Leemans at
/ quarterback, WeilG lIlIousA Ato oAASh
sive plays smoothly, scoring six touch
downs on variety of maneuvers, in
cluding two passes which Tuffy tossed
into the arms of George Trfnastich
reserve back.
Emory and Henry's offense will be
shown to the varsity this afternoon
with Coach Jean Sections yearlings
initiating the Wasps.
Tomorrow nights game, opening the
college season in this immediate vicin-
ity, will mark the first appearance in
Washington of an Emory and Henry
eleven. Last Winter the Wasp basket
ball team invaded and received a Jolt
from G. W. after having won As games
in row.