davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
COAL OUTPUT DECLINES
Fall of $4,000 Tons Shown During
Final Week of 1884.

Coal production in Indiana
dropped to $4,000 tons for the
week ended Dec. 90, the Bureau of
Mines reported today.
The weeks output was $4,000 tons
less than the previous week and
1900 tons less than during the same
period last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
OUTPUT SETS PEAK
Newsprint Production in 1884 Up
20.6 Per Cent.

NEW YORK, Jan. 16.-Heavy pro-
duction in Canada in December
carried the 1884 production total for
the United States and Canada 20.6
per cent above 1888 to the highest
level since 1880, the News Print
Service Bureau said today.
Total production in 1884 was
1861 ,662 tons, compared with 1882
952 tons in 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
NEW BOOKS RECEIVED
AT BUSINESS LIBRARY
Technique of the Interview" Among
Publications Available.

Among the new books now avail
able at the bushes branch of the
Indianapolis Public Library is The
Technique Of the Interview-A
Study of Selling Service" This book
was prepared by the Insurance Re-
search and Review Service of In
dianapolis.
Other books now available follow:
Without Gloves" by Frank Kent;
The Rights and Principles of the
Press" by Fred Seaton; Helps to
Successful Contracting" by H. o.
Locher; the McGraw Transit Di-
rectory for 1884 and the Fitch Bond
Book for 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Other livestock
lBy United Press

fBY UnIted PreSsI
FIT WAYNE. Jan. 6.-Hogs-Market
top sc lower others steady; 25O-300 lbs.
s7.75: 225-25O lbs. 81 IS; 200-225 lbs, 81 IS:
10000 lbs. s7.45; l60-i80 lbs. s7.35: 800
S 9o isoi4o bs Sis 1876 ibs
$3.50 100-120 lbs. S. roughs. s6.25: stays.
s425. Calves So. lambs. So
LAFAYETTE. Jan. 1s-Hogs : Market
steady: 275-3Oo lbs $40: 3oO-325 lbs.
10000 lbs. 81 so: 15O-ls0 lbs. $40. 1885,
$50 lbs. 81: I50-155 lbs. s6.75: l40-i50
lbs IS so: l35-I40 lbs. ss.25: 10o-l35 lbs
higher top $3.50 native lambs. $3.50,
western lambs So down
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
TRANSIT REVENUES OFF
By Times Special

NEW YORK, Jan. 16.-Transit
revenues for the week ending Jan. 5,
as reported by representative
group of companies were somewhat
less than a year ago, as shown by
the Transit Journal Indicator. which
stands at 98.3, compared with 99.9
for the previous week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Stock Studies

The Hercules Powder Co. was or
ganized in 1912 to take over prop
critics of the du Pont Powder Co.
which we're ordered sold by the
United States Supreme Court.
Hercules Powder is the second
largest manufacturer of explosives
in this country and the worlds
largest manufacturer of nitro-cel-
lulose used so largely in the pro-
duction of lacquers, coated textiles
and Photographic films.
The company also produces cellu-
lose, paper-making chemicals and
naval stores. The automobile and
furniture industries are large users
of ritro-cellulose, while the rayon
industry is the chief outlet for cell
luloSe.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Produce Markets

Delivered in Indianapolis prices: Heavy
hens. l2c: Leghorn hens. &c; colored
springerS lSc. large stays. Sc. Leghorn
siass' Sc: Old ROSTERS. Sc: ducks. &c;
geese &c: Young guineas. zoe: old guineas
iSc. Turkeys = No. ! Young hens. lbs;
over. I5c: Young toms. ll-14 lbs. 13c; No.
:, crooked breasts and thin urkeys- sc:
Old toms. all weights. lie: No. strictly
fresh country run eggs. loss on, 24c
Each full case must weight SIS lbs. gross:
a deduction OF i0c q pound for each
pound under SIS lbs will be made. Butter.
No. 3S936e. Butterfst-2Sc. Quoted hv
the Wacley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
JOB INSURANCE
SEEN AS VITAL
FOR INDUSTRIES
Economist Outlines Checks
Necessary to Make 1t
Practical.

This is first Of two articles written
for The indianapolis Times BY Carl z.
Muntz. Phi. D.. professor of economies at
New York University on unemployment
insurance. The second will appear to-
morrow.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Wall St.
Treasury Proposes
to Go Back Into
Silver Market.
by RALPH HENDERSON, =
Tlmss special Writer

NEW YORK, Jan 16.-The
~ Treasury Department has an
nouncec that l. proposes to go back
into the silver market. This is an
interesting development and causes
one to wonder whether it was
frightened into the action by the
threat Of the so-called silver bloc
in Washington TO force an investi-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16

gallOn INTO us pur-
chases Of the white
metal.
II seems that this
bloc believes the
department did not
live up TO the terms,
much less the spirit,
Of the Silver Pur-
chase Act Of 1884.
It h a d expected
much larger pur-
chases and a higher
price for the metal.
From all accounts
10 PLAYED along with
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Hides and Skins

Hides-Green country COWS and steers
&c tat: green country bulls anc CLUES,
2izc 1T: green country calf hides 4ise;
horse hides with fun heads. shanks names
and tails S7Ts. medium size 50 IS. AL No.
? Grade horse hides. SOC less; clues and
ponies half price. No. ! rendered tallow.
4d4izc: No. 2 at value. yellow grease.
5sz33AG dark grease. 31SAc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Chaos Feared Effect of
Adverse Ruling on Gold
Bankruptcies, Rise in Jobless Seen Result if
Clauses Are Invalidated.
BY w. IAN MACK
Times SneciaI Writer

YORK 16widespead economic chaos, with condent
inevitable Of Supreme Court
repeating
in lat tribunal 4
the effects predicted obLteraon of
industrial
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Influences Enumerated

However, close students of
precious metals point to several
prime influences accounting for the
increased world supply. They in
clude the Roosevelt Administration
policy of raising the gold price and
naturalization of the metal; the
great amounts reclaimed from trink-
cts, jewelry and such in this country,
Great Britain and India and Rus
STA; the new Importance of Rus
STA as a producer, and the intensi-
fed search everywhere due to eco
nomic deflation'S enhancement of
the purchasing power of gold.
Africa, in which the Great Trans
vaal fields are pre-eminent, pro-
duces virtually half the world out
put. However, production in the
famous Rand fields has not in
creased as much as was generally
expected, because the management
decided to work the lower grade ores
and prolong the life of the fields.
The Kenya fields in British East
Africa are a recent development.
Newfoundland, Central America
and the West indies are COMPARE
lively unimportant producers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
LOCAL CASH MARKET

CITY grain elevators are paving 81 cents
for No soft red wheat. other grades
on their merits. Cash corn No. yellow
so cents and oats IS cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16

the administration last year on the
basis Of such an understanding.
This bloc, along with some others,
Is expected to meet in Washington
and among the demands it probably
will make on the administration and
the new Congress is that heavier
purchases of silver be made and
that silver certificates be issued
against such purchases. The group
also will demand abandonment of
the gold standard.
A BILL is being prepared, Wash
L n ington dispatches state, for
presentation to Congress barring
the Secretary Of the Treasury from
membership of the Federal Reserve
Board. The inference was drawn
that the aim is to restrain the adj
ministration from debating the
monetary policy of the country.
Generally speaking, the further
the monetary policy can be removed
from politics the sounder it is likely
to be. But Il is also advisable to
keep it out of the hands of those
who have their own private fish to
fry. The question then arises. Who
will decide our monetary policies?
Perhaps Congress could lay down
definite. mandatory regulations and
these could be carried out by non
partisan Brain Trusters and other
wise unemployed bankers.
THAT while some brokers may be
Il down they are not out is in
dicated By the modest expansion
programs planned by some firms. E.
F. Hutton 81 Co, for instance, an
nOunces that it plans to open a
branch office in Phoenix and
another in Tucson, Ariz. An official
of that firm stated today that he
believes business conditions are
definitely on the mend, and that
while we probably will experience
no runaway market in the near
future, the outlook for heavier deal
ings is encouraging.
For several years brokers have
been thinking of little else than cut
ting their operating expenses. Sub
stantlaI premiums have been paid
on occasion to get rid of high
priced leases. Trading forces have
been cut to the bone and many
have despaired OF a pickup, due to
Government regulations. That there
are at least some who are now
looking on the brighter side Of
things is encouraging.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Prospecting Unimportant

Raising the price of gold from
$20.67 an ounce to $35 has not been
such an incentive as is generally
supposed to the old-faShioned type
of proSpector according to we'll
informed opinion, because most of
the globes surface has been we'll
searched for alluvial metal.
In launching the first Five-Year
Plan, several years ago, the Russian
regime was in dire need of gold for
the purchase of machinery, equip
ment and supplies. Great amounts
of machinery we're bought from, or
contracted through, Germany. For
several years the Soviet gold output
was obligated to Germany.
Since Great Britain suspended
gold payments in September, 1881,
great boards of the precious yellow
metal have poured out of the Orient,
especially India. The amount has
exceeded all expectations and much
of it probably has been boarded for
generations. The newly developed
gold fields in New Guinea are pro-
ducing about $4,000 ounces a month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
BY EARL f. MUNTZ

NEW YORK, Jan. 16.-Unemploy-
ment insurance is a necessity in our
modern industrial organization.
There are, however, many planSry
which such protection is sought;
many, bearing the label of unem-
ployment insurance, are mere
utopias whose enactment would
produce far more evils than bene-
fits.
With such a multitude of unem-
ployment protection plans as are
now before the people of the various
states and the nation it is worth
while to consider briefly some of
the prerequisites of a sound scheme.
l. Benefits should be granted in
definite ratio to contributions. They
should not be so high as to offer the
slightest inducement to the worker
to remain IN idleness in preference
to working, nor should they con-
tinue after the legally prescribed
savings or reserves fund for the in
dividual worker is exhausted.
Poor Relief Separate
2. There should be no consolida-
ton of unemployment insurance
and poor relief. These should be
administered by separate agencies,
with the cost of poor relief borne by
the state or local government, which
means, of course, the public at
large, not by employers alone, or by
employers and by employees together.
3. The cost of unemployment pro-
lection is best shared by employers
and employees in some equitable
fashion. To place the entire cost
upon industry will prove a break
Upon the restoration OF prosperity,
if adequate protection is sought.
4. Sound conditions of eligibility
must be SET up. Thus it is advisable
that benefits commence only after
two or three weeks of bona fide un-
employment. An employe on strike
should not be eligible to unemploy-
ment benefits from his employers
unemployment reserve funds. En-
ployment within the state, not resi-
dence, should determine eligibility
for benefits.
5. Practical eXpediency necessl-
tates the exemption of certain
classes of employees, namely, those
engaged in agriculture, domestic
service and possibly public en-
ployeS. State laws must exempt
persons employed directly by the
Federal Government or engaged in
interstate commerce. Only Federal
law can cover these classes.
All Should Be Included
6. Aside from the above exempted
groups, all employees in establish
ments hiring four or more workers
should be included, regardless of
wage or salary. Thus all members
of the white collar classes would be
automatically covered.
7. State systems are preferable to
a single federal system for many
practical reasons. Thus-they are
less apt to prove fertile fields for
political patronage; responsibility is
more direct, therefore more readily
subject to public surveillance and
censure; state systems may be better
adapted to local conditions and
needs.
8. Unemployment is not insurable.
The risk is too uncertain and I'M
practicable. Therefore rather than
actuarial insurance, it is preferable
to have a system of unemployment
reserves, literally a system of saw
ings accumulated as a percentage of
the pay roll, and used to give def
mite benefits for definite period
of time.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16

TREASURY STATEMENT
by United Press
WASHINGTON Jan 16.-Government
expenses and receipts for the current fiscal
year to Jan. IA compared with the cor
responding period of the previous fiscal
year:
This Year Last Year
Deficit 1918 042 22845 1921 1877. Ar 20
Cash bal. 2, 460, SIT. 53627 694 290 248. 10
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16

particularly those with towering
debt structures, and resumption of
the deflationary process, with its
attendant Embellishments, that was
arrested by the nations abandon
ment of the gold standard III April
1893.
May Move to Avert Hardships.
Recognition of the hardships that
would be imposed upon capitalists
and workers alike by an adverse de-
cision, it was generally thought,
might motivate the Supreme Court
to rule in favor of act repeating the
gold clause as an emergency meas
ure designed to preserve peace with
in the nation and to insure main
tenance of the progress toward re-
covery already achieved.
Besides Submerging the industrial
community under mountain of
debt, invalidation of the statute,
economists pointed out, would react
unfavorably upon the governments
credit in that the Federal indepted-
ness as of April 6, 1888, would be
expanded by SO per cent from ap-
proximately sci 1000, 100000 to about
$35, 5000 100000, with the increase
that occurred in the interim adding
another $6,OO0,OO0,00 to that aggre-
gate.
Coincidentally, the interest re-
quirementS on the national debt, in
stead of approximately 100000, 900
as indicated in the PRESIDENT
budget message to Congress on
Monday, would be increased to the
extent of $440,000,OO bringing the
aggregate of such charges to the
record annual figure of $3.50 000,-
900.
Would Cause More Taxes
Higher taxes, it was explained
would be the Governments only
recourse to obtain the additional
amount required to cover such fixed
charges, in addition to accumula
tions since the effective date of the
repeal statute.
Similarly, states and municipal
tiles would be confronted with fiscal
crises, it was indicated, because OF
the SO per cent increase in both the
principal and interest requirements
on their combined $17600,0 900 in
debtedness as of April, 1888. The
bulk of municipalities and many OF
the states, it was predicted. would
be unable to finance their normal
and emergency needs because of the
diSequilibrium that would be created
in their budgets.
That a decision declaring the
repeal act unconstitutional would
prove intolerable to the nations
industrial structure was conceded
by most financial authorities, who
pointed out that the funded debt of
the railroads. public utilities and
other industrial corporations would
be increased from apr oximately
$37 100000 currently to in the
neighborhood of $4,000, 100000.
Roads Fear Bankruptcy
So burdensome would this charge
become, they explained, that cor
porations would be forced to ad-
vance prices OF their products to
enable them to meet it. AS a re-
suit, the disparity between finished
goods prices and farm values, which
has been narrowing for the last
year, would tend to widen again,
thereby reducing the purchasing
power of farmers.
Such development, it was
pointed out, would restrict demand
for industrial wares, with the re-
suit that unemployment on a large
scale would enSue
Widespread bankruptcies among
railroads was declared as an i'm
minent eventuality. Utilities would
be similarly affected, as would in
dustrial corporations, generally on
a lesser scale.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent quota
tions from leading Indianapolis coal deal
Crs. 4 ascent carrying charge per ton
VII be added.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-16
Money and Exchange
TREASURY STATEMENT

INDIANAPOLIS STATEMENT
Clearings Observation-Disclosures So 562. 900 90
DeDlIS 0.lUS. CUU.UU
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1935-12-12
Terms of Neev Corn>Hog
Contract Made Public

his assigned base number.
Corn adjustment payments in
1886 will be at the rate of 35 cents
bushel multiplied by the ap-
praised field and the number of
adjusted acres. They will be made
in two installments, about August
l and December 81. Deductions
will be made for local admins
trative expenses as heretofore.
Contract signers will be asked
to devote an acreage equal to the
land they hold out of corn produc-
ton to be known as the adjusted
corn acreage, to soil-improving
or erosion-preventing crops. The
area used for these crops must be
in addition to the acreage normal
ly devoted to such uses on the
farm.
The rates adjustment and rates
of payments for 1887 will be an
nounced by the secretary on Nov
ember 80, 1886, and will be deter
mined from the outlook for sup
plies and prices at that time. A
contract signer, however, will not
be required to plant more than rs
per cent of his corn base or make
an adjustment below rs per cent
of his base in 1887. To secure the
maximum hog payment in 1887,
the signer will not be required to
produce more than 60 per cent or
asked to produce less than Is per
cent of the assigned market base.
The rate of payment on corn in
1897 will not be less than 80 cents
per bushel, and the rate on hogs
will not be less than $1.25 per
head on the number in the base.
The new corn-hog contract is to
be in full force from December l.,
1885 through November 80, 1887,
unless the secretary: (1) termln-
ates all corn-hog contracts with
respect to 1887 by an announce
ment not later than November 81,
1886, or (2) approves an appE-
cation made by contract signer
not later than April 1, 1887, for
termination of his original con-
tract, or 60 terminates contract
because of noncompliance.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1935-12-12
To Be Explained Locally
During Sign-Up In
January

The 1867 corn-hog adjust
ment contract has been approved
and contract applications will be
offered to Minnesota farmers in
January. Details of the contract
soon will be discussed at a meet
ing of state corn-hog officials, and
will be fully explained at local
meetings which will be held dur
ing the application sign-up cam
paign in January.
The two-year contract, effective
as of December 1, 1885, requires
that the signer produce for mar
ket in 1886 at least so per cent of
his market hog base and not more
than 100 per cent of his base if he
is to receive the full hog adjust
ment payment. The cooperating
producer also must plant to corn
at least % per cent of his corn
base next year but not more than
a percentage which is within the
permitted optional range of 70 to
80 per cent of his corn base.
Corn and hog bases under the
new program will be established
by appraisal by community com
mitteemen in accordance with
standards prescribed by the Sec
rotary. This undertaking, new to
commodity adjustment programs,
is designed to permit the assign
ment of equitable bases to all
producers regardless of whether
or not they have previously par
ticipated in corn-hog programs or
farmed previous to 1886.
The 1886 hog adjustment pay
ment will be at the rate of SIPS
per head for each hog in the base,
less the prorate share of the local
administrative expenses. This
payment will be made as soon as
possible after final compliance has
been checked at the end of each
year. Deductions will be made at
the rate of $3.50 per head if the
producer fails to raise SO per cent
of his base hogs number and S.
per head if he raises more than
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1935-12-12
Official Proceedings
of the
BOARD OF COUNTY
COMMISSIONERS
Redwood County, Minnesota
Continued from page two)

Continued from page tWo)
Johnson's Store. Milroy,. Nov.
groceries, Mrs. Josie Levig.. 1000
E. L. Horning, Nov. grocer
les, Clarence Radtke ........ 600
Ray Schultz, Nov groceries
Knute Ellefson .. c::::. S'oo
les, 1. Nj. Nerem .......... 12.O(
o. b. Dahlgren, clothing, Harry
DeMink, November ......... ISL
Louis Grams, groceries Ed.
Erickson, Oct. ......... 1L04
Second District
Lamberton Cash Store, Oct.
bal. groceries, Mrs. ID. Kali
Same, Nov. groceries, same :. 500
Same, Nov. bal. same ........ 5.O'
Mrs Mary Crowley, Oct. rent,
Mrs. ID. Kallemeyn .......... 1O.O'
E. M. McKibben, milk, Nov,
Mrs. d. Kallemeyn .......... 2.2'
L. A Cooler, rent, Nov, ). Is. "a ~
E. NJ. McKibben, milk. Nov,
Mrs. Beatrice Tomblin ...... Az
Chas. Leonhardt, rent, Oct.
and Nov, Mrs. Beatrice 90 a.
Tomblin zo.o
V. M. Calkins, November gro
ceries, Mrs. Margaret john
Calkin's store, Oct. bal. gro
ceries, Mrs. Margaret john
son o'o
Lamberton Cash Store, Nov.
groceries, Tillie Schmieten-
| dOrf o.V
Lambert Lbr Co., Lamberton,
fuel, Oct, Sven Iverson $50
A. H. Boelke, rent, Sven lver-
son, Aug and Sept. $500. 12.0
Mrs. F. H. Nepermann, milk,
Nov, Sven Iverson "a
Lamberton Cash Store, gro
/ ceries, Sven Iverson ....... 80
Raddatz l. G. A. Store, Wanda,
Nov, groceries, VIM. j. Geer o.O
Peake & Dotson, Nov. grocer
les, N. p. Peterson so
Mrs. VIM. Hewett, Nov. rent,
Mrs. Mayme Auckland ...... 100
j. H. Woolley, Nov. groceries
Mrs. Juliet Myers .....:.... Of
c. Nj. Youmans Lbr. Co., Wa
basso, fuel, Mrs. Emma Bill,
Bertha i schottenbauer, Nov.
rent, Mrs. Emma Bill 49,. 100
Mrs. Ella Streeter, November
rent, Mrs R. H. Thaden -. Sc
]. H Woolley. Nov. groceries
Mrs R. H Thaden .......... 16.(
Virginia Bel1ig, services to
Natalie Mariner, Nov. 20-24 zoo
Orland ID. Shelton, milk, Nov
Mrs. Barbara Carey ........ As
Orland D. Shelton, milk, Nov.
Mrs. Ida Heidemann ........ q
Lamberton Cash Store, Nov,
groceries, Mrs. Margaret
E. c. steinhauser, October
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1935-12-12
Seventh Dividend

Depositors of the State Bank of
Springfield Trust fund this week
were paid another ten per cent
dividend, the seventh ten per cent
paid to date.