davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
STOCK INDEX HIGHER

NEW YORK. Feb. 25.-The invest
ment companies common stock in
eek moved up during the last week
as evidenced BY the averages COM
piled BY Distributors Group. Inc.
The average for the common stocks
OF 10 leading management compa-
MES. influenced by the leverage fac
tor. stood at 1000 on Feb. p, COM
Ds-ec With o.7s or Feb. Is.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

BANKING BILL
NEW BARRIER
TO RECOVERY
Pending Measure 0utShineS
All Other Legislation
Under Consideration.
By Times Special

By ItmeS SpeCtdt
NEW YORK, Feb. 25.-"Now that
the gold clause decision is out OF
the way, one more obstacle to re-
covery' has been removed-along
with all impediments to Admins
tration control of monetary policies, ="
Business Week declares in its issue
today.
1.-The new banking bill, with its
provisions for easy credit initiation
under Federal Reserve Board con-
troll, will now get from business the
attention that was distracted while
the gold decision hung in the bal
ance," it continues. I'm Importance
to the business community it over
shadows all other legislation now
under consideration, including the
MIRA extension, the 30-hour bill ano
the relief measure.
Threats of large-scale labor diff
culties this spring seem to be dying
down. Even the A. F. Of L. has &C
knowledged that widespread strikes
would jeopardize progress toward re-
covery.' In steel, the split in union
membership between conservative
President Michael Tighe and the
more radical rank and file locals,
recently ousted from the national
body, precludes serious disturbances,
though there may be sporadic out
breaks
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
TRANSIT INCOME DOWN
Decline Shown From Previous week
and 1884 Period.
By Times Special

ID y AHtto oPtCt
NEW YORK, Feb. 25.-Transit
revenues for the week ended Feb.
Is, as reported by a representative
group of companies, were slightly
less than a year ago, as shown by
the Transit Journal Indicator, which
stands at 1888 compared with the
corresponding week in 1884. For the
week ending Feb. 9, 1885, the index
was 100.27.
Few changes in trend" the
journal said, were evident. I'm one
eastern metropolis a net gain was
shown as contrasted with a net loss
in the preceding week. Otherwise
there was general slight reduction
in gain or slight increase in loss
as contrasted with the record Of a
year ago."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Wall St.
Gold Decision Seen
Fostering Short
Contracts
by RALPH HENDERSHOT-
TinFs snrrtai Writer

NEW YORK. Feb. 25.-CongreSs.
y under the Constitution. has
the power 20 coin money and regu-
late the value thereof. II also has
the power 20 TX the standard OF
weights and measures. Contracts.
Therefore. never can be regarded
as inviolate. no matter whether We
stock to the s0-called gold dollar
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Usual DIVIDEND VOTED

Directors of Commercial Invest
ment Trust Corp. have declared the
regular quarterly dividend Of SO
cents per share on the common
stock, payable April l, 1885, to hold
ers of record March 5, 1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
WILLIS ATTACKS BILL
New Measure Held Death Certifi-
cafe for Private Banking.


NEW YORK. Feb. 25.AThat the
proposed new banking bill virtually
means the writing OF a death Ger
tificate for private banking in the
United States Is the conclusion
reached bv DR.. H. Parker Willis.
noted bar ing authority and con-
sulrant economist Of the Fitch In
vestors Service. All veStiges Of in
depend nee or self-government II
BANKING are 10 disappear. accord
ING TO DR.. Willis.
The situation is to be controlled
BY political authority. Nothing may
be done-even Of the most legiti-
mate sort-if not favored by such
authority. Many such provisions are
cIeverly hidden under the language
OF the new measure, but they are
present nevertheless.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
: Stock Studies

Standard Brands is one of the
two leading concerns in the package
food industry. The company was
formed around the FlelSchman Co.
producers of yeast. for which it has
a nation wide distribution system
enabling it always to deliver fresh
yeast. In addition. the company
handles baking powder. vinegar,
coffee. tea and other such products.
Most Of the company's goods are
sold under trade names universally
known through wide and liberal use
OF advertising.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
INCOME AT NEW HIGH
American Motorists Insurance Co.
Premium Return Rises.
By Times Special

BY ! lmCS Hp6cidt
CHICAGO, Feb. 25.-The Ameri-
can Motorists Insurance Co.'s pre-
MUM income during 1884 totaled
$4,100,770, an increase Of $764.184
over the 1888 figure and a new
record Assets increased from
$4,348,966 on Dec. 81, 1888 to
$4,857,094.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

or decide % adopt
a commodity dol
lar.
The Supreme
c curt has ruled
that individuals.
municipalities and
states n a We no
right 20 infringe
on the rights OF
Congress 70 regu-
late the value OF
money. and IL fol-
lows that. likewise.
they have no right
to interfere with
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Ruling on Gold Vie7ced
as No Great MOUen1ent
Along Path of Initiation
Those Seeing This Possibility Declared Reckoning With
out Due Consideration for Position OF
United States Treasury.
BY ROBERT DENVER
Times Special Writer

YORK, who disposed to read INTO the
Supreme Of another along the
for the position observed in banking quarters
today. 49, -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

its powers TO fix the weight OF a
bushel Of wheat or a peck Of pO-
tatoeS.
Due 20 the practice Of many ma
tions IN the past 10 change the
value Of their currencies from time
% time. the makers Of contracts
for several years have inserted the
so-called gold clause whenever they
desired 10 insure that these con-
tracts would be carried out on the
basis Of the then existing basis FOR
the measurement Of value
II was discovered through the
Supreme Court ruling that the in
sertiOn Of the gold clause C0nsti-
tutes no such assurance. II might
b. assumed that contracting par
ties might now turn 20 bushels and
pounds Of valuable commodities IN
order 10 be sure at the time Of
signing that no change would be
a~-7ement during its
lifetime. but that avenue would
seem also TO be closed
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
LOCAL CASH MMKEr

City grain elevators are paying 50 cents
for No. , soft red wheat. Other grades
on their merits. Cash corn No. yellow
IS cents and cats es cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

IN the future security Of contracts
Il would appear impossible. for If
the value OF the currency or arti-
cles with which payment is made
IS subject to change the tracts may
be expected 10 come into greater
use.
Many OF those who sold bonds
containing the gold clauses prob
ably realized that there was not a
sufficient amount Of gold in the
world 20 meet the provisions they
contained. No doubt most of the
purchasers OF these bonds. how
ever. did not give that factor any
serious thought. They were I'M
pressed by the selling argument
and no doubt took 1t at its face
value
But IL must be remembered that
conditions constantly are changing.
and that one can not fOretell IN ad-
vance what conditions are going 20
prevail a few years hence. For
that reason it is impossible to es-
tablish any measure Of value which
Will remain fixed. II follows there
fore. that contracts can not be
made alright no matter whether
they are based on gold or onions
or anything else
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

THE court said that It was not
Il concerned with consequences
I'm the sense that consequences.
however serious. NAV excuse an in
Walton OF constitutional right
This may b. true. but Congress and
other branches of the government
can not look upon the consequences
so lightly They are obliged to 60
to the rescue OF a people even
though IL means violation of the
Constitution. If their duties and
the Constitution conflict. they must
Of necessity change the COnstitu-
ton.
France told her people that Ger
many would be made 10 pay for the
war. the mortgage concerns guar
anteed the payment of principal
and interest on their certificates;
the government said it would pay
its bonds in gold. II so happens
that the statements we're incorrect.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

TREASURY STATEMENT
by United Press
WASHINGTON Fob 25.-Government
expenses and receipts for the current ifs
cal year to Feb. 81. compared with the
corresponding period of the previous
fiscal year:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
YardstiCk Plan Hit

This appears TO epitomize the
sentiment Of the conservative finan-
cial element Comment is much
more caustic. however. on the 80
per cent yardstick plan.
one criticism is that the pro-
pOsaI MAKES no distinction between
railroads with a high maintenance
policy and those with a low one
The average income of one road
during its three worst years might
be much lower than another roads,
because the former kept its equip
ment up to pre-depreSsion stand
ards. while the latter kept its in
come up at the expense of its equip
ment. Thus the road in the poorer
physical condition would not have
TO scale its debt as much as the
one in the better condition.
In the case of the Missouri Pa
cific railroad. now in bankruptcy,
the years 1882, 1888 and 1884
showed the lowest income of any
three years in the last ten. In fact,
this system had an average net
deficit of about s12,5OOOOO for each
year. Fixed charges of MOP" are
now about S3O.OOOOOO annually.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Green Stamping

Mr.. Green's stumping OF motor
centers this month, which winds up
at Detroit, is designed to convince
the members that A. +. of L. leaders
are actively furthering their cause,
that the Automobile Labor Board
should be abolished, that rival
unions should consolidate with the
federation for united strength. Out
on the circuit Mr.. Green will learn
just how many members he can
count on to support his attack on
the automobile board. The records
say few, but Mr. Green doesn't be-
lieve the records.
Every sustained expansion OF
business activity in a recovery pc
Rod gives rise to questions as to its
genuineneSs. The sharp SlumpS of
1888 and 1884 are being re-eXamined.
There are already miSgivingS con-
corning 1885. But the abnormal in
fuences at work in the previous
years are absent in the current re-
vival. With motor products moving
to consumers at pace twice that
of year ago, it seems doubtful that
dealers will be left with heavy
stocks on their hands.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
What Does 1t Mean?

Balance Sheet-A comparison of the assets and la
bities Of corporation is drnabe IN the balance sheet
This statement really shows the corh Of enterprise
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Would Entail Sacrifices

If the proposed act were in force,
il is obvious that holders of the I'M
deriving bonds of the system would
be forced to make major sacrifices.
For instance. the first and refund
ing mortgages alOne-amOunting to
more than s26O,OOO 900 in bonds out
standing at 5 per cent-carries an
annual fixed charge of more than
s32.OOO.OO0
This charge is equivalent 70 more
than so per cent Of the 1888 gross
income. so it is apparent that if the
charges Of the other underlying
bonds are also taken into consider
alton the size OF the sacrifices de-
manded is considerable
To exact drastic concessions from
the underlying bondholders would
be to blight railroad credit more
severely than already has occurred,
Wall Street feels. The same insti-
tutional investors who hold the bulk
of senior railroad securities must be
relied on in the future for new
money. If these investors find that
even an underlying bond is not re
Spected in denominations. the
financial district believes future rail-
road financing without government
aid will become exceptionally diff
ficult.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25

INUINNfT UIIo = y 7 INIENI
Clearings ..................S 81 1927 000 %
Debts Observation-Disclosures. $500 900 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Push Other Efforts

so hopeful of the future are
motor concerns that several are
branching out into other fields. Gen
eral Motors is expanding its inter
est in Diesels for railroads. 1t is
also pushing oil burners and air
conditioning ChrySler is IN pro-
duction with its conditioning
equipment. Briggs, operating near
capacity to meet demands for au-
tomotive parts, is considering mass
pr iuction in its new plumbing ware
lines, thus taking advantage of the
modernization and housing drive.
''Michigan's employment record
for January will undoubtedly be the
high mark for the nation. Instead
of the seasonal decline noted in
other states, this center of motor
activity enjoyed II per cent gain
over December and "a per cent
gain over the previous year. Out
standing industrial gains over De-
cember were: Automobiles, "a per
cent; tires, "a per cent; stamped
and enamel ware, SO per cent; saw
mills, 20 per cent; structural IRON
work, % per cent; paints and
varnishes, IT per cent; foundrieS
and machine shops, II per cent.
additional January sales figures
confirm the substantial drop from
December levels, but hold above
year ago. Rural general merchan-
disc sales were 10 per cent ahead
of January 1884; grocery sales As
pr cent better. Variety sales Csc
to SD we're per cent below last
years totals. Dry goods prices have
declined steadily since last April,
thus stimulating retail buying and
preventing accumulation of inven-
tory. Estimates of all retail sales
for 1884 increased IA per cent from
sos, 900, 100000 to more than $28,-
100000, 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-25
Money and Exchange

INDIANAPOLIS STATEMENT
, 1935-06-02
N!ew Cutoff
To Rio Route
To Be Located

A jury of view to locate a mile Of
Girt road giving Olmito a direc,
connection with the Military high
way was appointed by the Cameron
county commissions court Saturday.
The jury OF view is made up Of G.
4. Dodd. Clyde Tandy, z. A. Mon
sees. Fred RuSteberg and w. 3
Clint.
This action was taken after about
rs Olmito residents signed a petition
asking for the new road.
The court authorized Assessor
Collector Ralph T. Agar TO employ
Beulah Richardson and Dorothy
Blanton TO assist in the preparation
Of delinquent tax statements.
The court also authorized con-
struction of q new dipping vat at
the Hardin ranch. The old vat, 1t
was said. was too small and was in
bad condition.
The court did not act on a letter
from ASSessor-C Collector Agar sug-
costing that citrus trees be given no
value in tax valuations this year. Cit
rus trees now account for about
100000 Of the county's $34.828, 900
OF tax valuations. The letter also
indicated that valuations for this
year would be about the same as
last.
, 1935-06-02
HIGHEST COURT
BEHIND Times
rhine Men With Philosophy
OF 1890 Rule Nation
Texan Charges

WASHINGTON, June 1. P-Rep-
reSentative Maverick D-Tex) de-
clared Saturday night the nation
faced n OF the gravest crisis In
Its history and suggested a consti-
tutional convention TO consider the
unique" situation Of elected rep
r~eSetnatives being unable to legis-
late for the "betterment OF the peo-
Pile"
Asserting that he was not neces-
sarily extolling the merits OF the
MIRA, the Texan said the issue now
seemed TO be that the people had
elected a congress but had never
elected a supreme court and al
though congress can enact legiSla-
ton, nine men can nullify that ac-
ion.
This is net said in a spirit OF
criticizing the supreme court-they
arc worthy and honorable men-but
the point nevertheless arises as O
fundamental government problem
that these men. with an economic
philosophy Of 1890, or 20 or so years
ago. tell us how and what we must
do" Maverick declared in a prepar-
ed radio address. 1T seems to be
that the effect OF the supreme courts
decision Is that we are legally or
dered, $50 million Of us. by nine men
TO 60 into social disintegration.
Unfortunately, our constitution
was developed by and for Is inde-
pendent rural colonies in the days
before development Of machines and
effective transportation and COM
munication made this into WI ma
ton. The supreme court on the Unit
ed States is a valuable safeguard OF
American liberties. Unfortunately,
however. II necessarily Tags behind
In the kaleidoscope change OF con-
ditions OF American life. At a time
when these changes r rapid and
violent. the supreme court must be
made more responsive 70 the actual
needs OF the people as Is our con-
gress."
, 1935-06-02

no way to combat the poison.
In a glass ~container in the hos
pital laboratory was the sable mes
senger Of death.
The story was told in notes. let
tiers and postal cards found in the
mans room. That indicating suicide
read:
ITO whom Ii may concern: When
ever a man usually takes his life
1t is always proper TO give the rea-
son. My eaSon Is because first
have no job. ! have no one in this
world except a woman / love ter
ribly, and she is too good for me. !
am ashamed of myself because ]
am a failure and not a success. God
bless Rose. Goodbye"
Another note, apparently pennec
after the spider had infected him
and describing his sensations. read.
Il feel the effects now. The room
Is going around and around. I car
barely see what i am writing. May
be IL is the end. Who knows. I don't
care. 1t is very pleasant. Yes. No"
, 1935-06-02
QUINS COURT
TILT MAPPED
Parents Plan to Challenge
State Control OF
Famed Babies

CALLANDER, Ont, June Up
An action at law to challenge the
state rule" of the Dionne quintup-
let's may be the next act in the
strange drama being enacted against
the backdrop Of the Callander-
Corbeil countryside.
Neither the Dionnes nor Leo
Kervin. their manager. is ready To
say what form the court action
will take or when II will be filed.
They are determined, however, 70
make every effort TO regain custody
or the infants.
AT stake for the Dionnes Is not
only the right to take back con-
tro, of their five famous babies,
now in their second year, but also
a fortune steadily mounting toward
100000. This sum has accrued to
the quintuplets by the sale OF va
rious privileges.
II is the contention Of the par
ents that the ontario government
vent beyond its rights In legislat-
irg itself into guardianship Of the
bs bies.
Their fortune at present Is being
carefully preserved for them by the
board Of guardians-Dr. "A. r. Da-
foe. Judge j. "A. Vain, Minister OF
Welfare David Croll, and Olivia
Dionne. the father. The latter.
however. has declined TO take part
in conferences with the others.
feeling that his minority opinion
would stand no chance OF prevail
ing.
, 1935-06-02
COTTONPAPERS
Time EXTENDED
Growers Have Until Monday
Night to File For
Exemptions

Cotton exemption certificates will
be obtainable Monday at the cham
Der OF commerce building, II was
announced Saturday afternoon by
r. Roy Ruff, local committeeman
for Cameron County Farm Agent
Henry AlSmeyer.
The one-day extension was grant,
ed cotton growers because the avail
able supply Of blanks was exhausted
and several growers have yet TO re-
ceive their certificates.
The Brownsville office filled 403
during the past week and 1t is ex-
pected another 100 will be necessary
before all growers have received their
blanks. The San Benito office sup
ply also was exhausted.
Ruff again urged land owners to
accompany the tenant Of the land
when applying for certificates. He
also repeated that because a cotton
grower has lost his crop that does
not keep him from obtaining an
exemption certificate. Those who do
not obtain certificates are subject
TO a tax under the Bankhead Act.
, 1935-06-02
EARLY VALLEY
HISTORY TOLD
Historical Events Along Rio
Are Described In
New Book

The following review Of "Old
Rough and Ready On the Rio
Grande," by Florence johnson
Scott, In which the early history OF
the Valley Is described, has been re-
ceived in Brownsville:
So much emphasis has been plac-
ed upon recent achievements in the
Rio Grande Valley that many Of us
are prone to neglect the early his
tory Of this interesting and unique
section Of the Lone Star State. Old
Rough and Ready on the Rio Grande
is a new Naylor publication written
by Florence Johnson Scott, an au-
thor already known for numerous
shorter contributions and poems.
Dedicated to the school children
Of Texas, the book at once impreSseS
the reader as a sincere interpreta-
ticn Of historical events along the
iower Rio Grande, designed to meet
the requirements Of both educator
ana entertainment seeker. Although
presented in popular style. every
statement is authenticated, and rep
resents exhaustive research in war
department records, presidents
messages, soldiers letters, out-of-
print books and newspapers, old
almanacS and portfolios, and other
generally inaccessible sources. AS
a contribution to the educational
and historical observance Of the
Texas Centennial the publishers are
proud to present 1t to the people
Of this state.
Aside from the authors interest
in historical work. the volume Is in
spired by a love for the Valley that
Is deep-rooted. A deScendent Of IL
luStrious participants in the early
struggles Of the republic and state,
the author embodies this hereditary
feeling of admiration In the accounts
Of the Mier Expedition. Zachary
Taylor's occupation of the Valley,
and the last Civil War battle. These
three stories comprise the volume.
Although they relate to one sec
ton OF the state, the three hiStori-
cal stories are representative OF
three major time epochS in the his
tory Ct Texas. The Mier Expedition
was made during the existence OF the
republic; the early days as a state
Of the union r represented by the
accounts of General Taylor. affec-
tionately known as "Old Rough and
Ready" and the chapter on the last
battle OF the Civil War relates TO
Texas as a Confederate state. The
spirit OF the times. so essential in
eyaluating correctly the various hap
peningS, Is clearly reflected in each
chapter. Many OF the events were
Of worldwide Importance, and the
Rio Grande Valley, situated on the
very borderland between the United
States and Mexico. was a subject
that stirred diplomatic circles in
many parts of the world.
Due to the rapid progress which
has been made in the Rio Grande
Valley during the last few years,
tangible evidences Of the historical
past are hard to locate. This volume
will serve to familiarize both ma
tive and visitor with localities which
profoundly affected the history of
the state. The ether portions OF
the state will be acquainted with
the influence which the Rio Grande
Valley had in determining the his
tory Of the republic and state Of
Texas.