davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
FARM REALTY
TRADE UP, FCA
FIGURES SHOW
Brisk Activity Holds Faith
in Agrarian Real
Estate IieId.

Times Special
WASHINGTON. Dec. 28.-Brisk
activity and an optimistic outlook
in farm real estate is indicated by
figures released today by the Farm
Credit Administration on 1885
operations.
Over 6400 farms placed on the
market were sold by the Federal
Land Banks to farmers and other
investors in the first 10 months OF
the year compared to 1900 in all of
1884 and 4100 in 1888. In addition
over a thousand part-farms we're
sold in 1885.
Farm real estate sales during 10
months of 1885 amounted to S22,-
$4,000. with a recovery of 1912 per
cent of the carrying value, compared
to S17,600O00 for the entire year
1884 and S14113000 in 1893. with
recovery of 1901 and 975 per
cent. respectively Farm real estate
held by the banks on Oct. 81, 1888
amounted to S95816,000
Loan Applications Increase
While the emergency refinancing
of farm debts undertaken by the
land banks is now practically
| terminated. the banks have had a
steady business of normal financing
during the year and an unusual de-
mand for loans to finance the pur-
chase of farms, the report said.
Applications for such loans are now
being received at the rate of about
1000 a month.
A part of the new interest in farm
| purchases was generated by pro-
visions of the farm credit act of
1885, which authorized the land
bank commissioner to make first or
second mortgage loans for farm
purchases in amounts up to rs per
cent of the appraised normal value
of the property to be purchased.
Around $500, 100000 of commits
sioner's loans have been made since
the spring of 1888, but until recently
were used almost entirely for re-
financing old debts.
During the year the Federal Land
Banks were successful in refunding
a considerable part of their out
standing bonds at lower rates. the
report stated, and AS a result grad
ually dropped the contract rate of
interest on new loans through ma
tional farm loan associations from
to 4 per cent. A temporary reduc-
ton to 81 per cent is provided for
interest installments payable in the
year ending June 30, 1886.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
New Business Books
Available at Library

The following new business
books are now available at the
business branch of the Indian
apolis Public Library:
MENTAL ATTITUDE FOR UN-
DERWRITING SUCCESS, by Mansur
B. Cakes, president of the Insurance
Research and Review Service of In
dianapolis.
Mental attitude counts mole thai:
health, or money, or opportunities.
CONFERENCE MANUAL FOR TRAIN
ING FOREMEN. by S. NJ. Shellow
and G. r. Harmon.
THE conference furnishes an effec-
tive method of keeping mems minds
active during that period of life
when they are likely to be doing lit
tie formal learning"
PROBLEMS OF CREDIT POLICY.
by E. F. M. Durbin.
How can credit secure and main
tain indefinitely full employment
and a maximum of production?
OFFICE MANAGEMENT. by G. NJ.
written from the viewpoint of the
small office as we'll as from that of
the larger one.
SILVER DOLLARS, by William P.
Shea.
''The projected new money sys-
TEN proposes to use silver as money.
-. The process of revaluation may
be rapid or slow. 1t is how
ever inevitable
DUN AND BRADSTREET'S MER-
CAMILLE AGENCY REFERENCE
BOOK, 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
u. S. EXPENDITURES
DOUBLING REVENUES
Treasury In Red Almost
Two Billions.
By United Press

By OnitCd Press
WASHINGTON, Dec. 28.-Gov-
eminent expenditures we're shown
today to be running nearly double
the revenues at the approach of
the second half of the current fiscal
year, Jan. |.
Since the start of the current ifs
cal year on June 80 to Dec. "a, total
Federal expenses were 1865, 49,
Sill, of which $1,000 ,623 ,231 went for
ordinary costs of running the gov
eminent. In the period, revenues
amounted to only $1,873 500 POT,
leaving the Treasury lin the red
$1,791 ,479, 304.
In the corresponding period of
the previous fiscal year, expendi-
lures were $3,489, 1912, of which
$1,684, 703, 723 went for ordinary ex-
penditures and the balance for re-
covery and relief. Revenues in this
period we're 1892 ,316,683, leaving a
deficit of $1,666, 1852 400.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
Busigrubhs
TREND or
DEPARTMENT STORE SALES

Christmas was happy day for
many-that is if sales by our retail
stores is any measure of Christmas
giving. Our department stores be-
gan to have larger sales in Novem-
Der, while the upward trend has
continued right up to the present.
November sales went ahead of a
year ago by about 10 per cent. and
we're the largest for any November
since 1881. Here is an encouraging
interchangeable are more willing
to spend money for the higher
priced goods.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
INDUSTRIAL PROGRESS
IS EVIDENT IN CANADA
Employment Increases to Highest
Level in Five Years.
Times Special

Times Special
NEW YORK, Dec. 28.-Continued
evidence of industrial progress, rise
in employment to the highest level
in five years and significant develop
mentS in the wheat trade and in the
tariff relationship between Canada
and other units of the British En-
pire have marked the final month
of the year in Canadian trade, &C.
cording to the year-end business
summary of the Bank of Montreal.
With respect to the wheat trade,
the bank reports that the outlook
for solution of Canada's market
ing problem has improved through
world conditions and by the action
Of the government of Argentina in
fixing the price to wheat producers
in that country on a basis which, at
the prevailing rate of exchange, ap-
proXimateS 90 cents bushel.
Demand for CanadaS wheat came
into the Winnipeg market in volume,
according to the summary, and the
export demand is continuing.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
UTILITY INCOME HIGHER
Commonwealth Edison Co. Net for
IL Months at S8,109,647.

CHICAGO, Dec. 26.-Net income
of the Commonwealth Edison Co.
for the first II months this year
amounted to $8,109, SAT, equivalent to
s5.41 share on the S. preferred
stock, compared with $6,505,311, Oh
S4.32 a share on the preferred stock
in the corresponding period last
year, the company reported today.
November income was reported at
$1,013,630, against S720,403 earned in
the same period of 1884 For the u
months ended Nov. 80 the company
reported a net income of $9,048,112,
or S6.O8 a share on the preferred
stock,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
Produce Markets

tkeprinted From Late Times Yesterday
Inc prices quoted are paid for stock
gathered IN the country. while delivered
n indianapolis the price is a cent higher
Heavy breed hens l6c: Leghorn breed
hens; i2c' springers over AZ lbs. iTc:
under ga l6s.. lee; springers. IL lbs and
hens. 9 lbs. and up, zoe Young toms
!! TO 10 lbs, zoe; under II lbs and over
Ducks-white. lbs and over l2c: under
s lbs. ioe: geese. full feathered and fat.
20 II lbs. lie; over IL lbs &C. cid
guineas. lSc; Young cuineaS II, lbs and
up, 2Sc; No. strictly fresh eggs. loss OF
25c: pullet eggs. lsc. Each fun case must
weigh b lbs. gross. a deduction OF l0c a
pound unoer s. lbs. will be made No i
butter, s7s4t7ssc: No 2. 34G35c: butter
fat. 34e. Quoted hv the wadley Co,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
UTILITY MERGER ASKED

NEW YORK, Dec. 28.-The Mag
ara Hudson Power Corp. has filed a
petition with the Public Service
Commission seek 1g consolidation of
10 operating utility companies. it
was learned today. This is another
move to bring about simplification
of its corporate structure.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
Trends
Major Premise of
Townsend Plan
Disputed.
= BY JOHN L. FLYNN

NEW YORK. Dec. 28.-The
IN great argument of the Town
ser,dites is that while their plan
will aid the old people, it will add
enormously to the purchasing
power of the nation. The pension
ers will receive roughly Sl,500,000,-
900 month, but they will. be COM
PEELED to spend 1t within the
month.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28

L n e y Will
spend it in
stores, which in
turn will spend
it for fresh
stocks and in
salaries. T h e
money will cir
culate through
t h e economic
system, i n =
creasing e M
ployment, prof
its, production.
wages o n d
OrC St1Prit.V
They insist,
rightly, that it
will not create
initiation. They
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
FOREIGN
CANAL TRAFFIC GAINS
Movement Increases to 1,31S,02S
Tons During Year.

NEW YORK, Dec. 2S.-With a
heavy movement of wheat, gasoline,
iron and steel, wood pulp and iron
ore, total freight on the Welland
Canal increased from 1,253,412 tons
in November, 1884, to 1,313,023 tons
in the same month this year, accord
ing to the current issue of the
Weekly Underwriters magazine.
Barley, corn, oats, rye, soft coal
and pulpwood all showed substantial
decreases. There also were decreases
in all grains, Goals, coke, sand and
gravel, pulpwood and petroleum and
oils.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
N. Y. C. ASKS PWA LOAN

I fTHto SVtCFUE
NEW YORK, Dec. 2S.-The New
York Central Railroad has asked
approval of the Interstate Com
merce Commission for a s2,593, 600
PWA loan for expenditures involv-
ing purchase of $4,000 tons of steel
rail, and laying of the rail in 1896,
it was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
WALDORF VOTES DIVIDEND

Times Special
BOSTON, Dec. 28.-The Wal
dorf System, Inc, has declared a
dividend of 1912 cents, payable Jan.
10 to stockholders of record Jan. 4,
the company announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
BUYS CAN COMPANY


L tHes Specfdt
CHICAGO, Dec. 28.--The Con-
tainer Corp. of America has pur-
chased controlling interest in the
Seton National Fibre Can Co., it
was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
PROBE LOOMS IN
VAN SWERINCEN
FIRMS STATUS
!. C. C. May Inquire Into
Mid-AmeriCa Corp.
Affairs.
By EHited Press


WASHINGTON. Dec. 28.-Mid-
America Corp, vast holding COM
pany created by the Van SWeringen
brothers to retain control of their
railroad empire, seemed destined TO-
day to undergo inquiry by the In
terstate Commerce Commission.
On Feb. the I. C. c. will begin
hearings to determine the exact
character of the company and
whether it is common carrier I'M
der the meaning of the interstate
commerce law.
The immediate purpose of the
hearing will be to rule on the ap-
plication of George A. Tomlinson,
Cleveland railroad man, for permis-
sion to become director of the
Fort Worth Belt Railroad. The in
quiry will go much deeper than that,
however as Mr.. TomlinSon also is a
director of Mid-America and sew
eral other Van SWeringen rail prop
critics, including the Missouri Pacifi J.
Denver & Rio Grande Southern.
/ Denver & Rio Grande Western,
Trans Mississippi Terminal Co. and
Denver 81 Salt Lake Western.
Conditional Authorization
In his application to become a
Forth Worth Belt director, Mr..
TomlinSon mentioned that he was
Mid-America director, and de-
scribed the business of Mid Ameri-
ca as being investments. The
l. c. C. wishes to learn the exact
nature of the investments and
whether through them, Mid-Amer-
lea controls individual rail proper
ties.
Pending investigation as to the
exact status of America, the
I. G. C. reopened for further consld-
Grafton its conditional authorization
for Mr. Tomlinson to act as direc-
tor Of the other railroads.
1t was explained that the finance
bureau of the l. c. G. had asked
Mid-America for data showing to
what extent it controlled rail prop
critics, but the information has not
been furnished.
Allegheny Corp. Probe Set
If Mid-America is found to be "a
corporation organized for the pur-
pose of engaging in transportation
by railroad the fact might weigh
heavily in the l. G. Cs ruling on Mr..
Tomlinson's authority to hold other
interlocking directorships
If MidAmerica is a common car
rier, it was pointed out, Mr.. Tom
linSon then would have to apply for
permission to be a Mid-America di-
rector-after which his application
for directorships in the rail prop
critics would be considered.
The commission intends particu-
larly to learn whether Mid-America
controls Allegheny Corp, Van
Sweringen operating company, and
thereby directly controls railroads
themselves.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
Local Securities

Reprinted From Late Times Yesterday
because quotations on local securities
are unlisted on an Exchange, The Times
can not assume responsibility for the &C
curacy of these figures gathered from local
brokerS)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
LOCAL Cash MARKET

City grain elevators are paying % cents
Tor No. 2 soft wheat other grades on
their merits. Cssh corn new No. 4 yellow
46 cents and oats 10 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28

argue that it will increase pur-
chasing power by stimulating cir
culation.
All this depends on whether 1t
increases purchasing power. Let
us apply the argument to small
number of people. Suppose there
are 10 persons who have wages OF
500 a month. That makes $1,000
a month. That is their purchasing
power.
NIOW these 10 people are taxed
IN $40 each in order to pay a
pension to an eleventh person OF
500 a month. 1t is clear that the
eleventh person now has 500 TO
spend which he didn't nave before.
But what of the other 10? After
each has paid a tax Of $40, each
has but 500 to spend. The 10 have
5000, the eleventh has $l00-a total
of $1,000 which is precisely what
there was before the tax was laid.
The ,000,000,000 collected IN
taxes will be added to the cost of
what the people buy. Therefore
they will buy $4,000, 100000 less.
While the pensioners will buy $19,-
100000 more the two items Will
cancel each other. There Will be
no increase in purchasing power.
What is the purchasing power Of
the people? Last year it was S49,-
600 900 900. Out of that sum was
taken in taxes $9,5OO,000,000 by all
taxing units.
A DID to that another Sl9,000,-
IN 100000 and you will subtract
from the purchasing power of the
people 28,500,00O 900. Those who
receive the taxes will spend them.
Those who pay the taxes will have
that much less to spend.
These high taxes will take more
than half of the nations money
income-$28, 500 900 900 out of $40
100000, 000-leaving only S20,500,-
100000 for those who produce the
wealth.
The tax will be a transaction tax,
not a retail sales tax. The differ
ence is enormous. I buy suit for
$50 and pay tax of 2 per cent. I
sell it to you for $40 and you pay
2 per cent. The retail price of the
suit Is $40. But the two transac-
tons total $40.
OF course pass the per cent
I pay on to you. You pay that
plus the 2 per cent you pay when
you buy the suit. You really pay
more than 2 per cent. 1t is, of
course, far worse than that. Be-
cause the taxes start with the wool
on the sheep. The shipper buys
from the farmer and pays 2 per
cent.
THE yarn maker buys from the
Il shipper The fabric maker buys
from the yarn maker. The suit
manufacturer buys from the cloth
maker and so on And there is
2 per cent tax on each transaction.
The total of the transactions on
$40 suit may be $3.50 All these
taxes are PAID by the final custo-
mer to the retailer. The buyer of
a $40 suit might we'll pay per cent
on $3.50 and not per cent on $40.
Most of the taxes in the end
would be paid by customers at re-
tail. And this means the great
bulk would be paid by the wage
earners of the nation. You could
not pile ,C00,OO0,O0O onto the
price of goods without impoverish-
ing the workers of the nation. Of
course the pensioners would have
the money to spend which had
been taken from the workers.
But it must be clear that the
workers-the producers-must have
the money before it can be taken
for the pensioners. And if YOU i'm
proveriSh them the whole economic
system will collapSe-the pension
CNhnn1n o1ny1rr -
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
Regulations to Be Published

Also imposed by the new revenue
act are higher estate taxes, but
these and a number of minor
changes in tax laws became
effective upon signing of the act
last Aug. 30.
Voluminous regulations concern
ing the new Federal taxes becoming
effective will be promulgated early
next week, Treasury Officials said.
Orders to begin collection of the
new year are being sent to internal
revnue collectors.
Effectiveness of the new tax
schedules almost conceded with re-
marks of Chairman Pat Harrison of
the Senate Finance Committee that
"in my opinion there will be no
general tax legislation at the COM
ing session of Congress-"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
Gift Exemption Reduced

3. Gift tax rates are increased
from a range of q Of l per cent
to 331a per cent to a range of u
per cent to 521a per cent. The gift
exemption is reduced to $4,000 from
$4,000.
=, 4. Surtaxes on the undistributed
unadjusted net income of every
peronal holding company are in
creased to a range of 20 to 80 per
cent from range of 80 to 40 per
cent.
5. Employers of eight or more
persons have been notified to begin
keeping books Jan. l to aid the
Treasury in collecting the tax for
unemployment insurance under the
social security law. The one per
cent tax becomes effective on Jan.
l, but collections will not be made
until the following year. The TAX
increases to 2 per cent in 1887 and
is 3 per cent thereafter.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
'SOAK-THE-RICH'
TAXES GO into
EFFECT JAN. |
Rules to Be Promulgated
Next Week, Treasury
Officials Say.
BY RICHARD L. GRIDLEY
United Press staff Correspondent

WASHINGTON, Dec. 28.-New
Federal taxes on corporations and
wealthy individuals calculated to
yield several hundreds of millions
of dollars annually are to be put
into effect by the Treasury Jan. /,
under the terms of the Revenue
Act of 1885.
The principal changes taking
place in tax schedules at the start
of the new year are:
l. Instead of a straight income
tax of 1874 per cent on corporations,
they will pay 1912 to Is per cent.
Incomes up to $4,000 are taxed at
1919 per cent; $4,000 to $4,000 at
Is per cent; $4,000 to $4,000 at IA
per cent and over $4,000 at Is per
cent.
2. Surtaxes on incomes $4,000 or
above on individuals are increased
on a graduating scale to a range
of q to IS per cent from a present
range of 20 to SIS per cent. Small
incomes are not touched
The Waterbury Democrat., 1935-06-18

solved around how to play the spade suit.
 Would you play to cash the ace and king of spades and lead the third round of spades If you do, your contract will be defeated, because East will ruff in on the third spade and immediately lead back a club, which you will be forced to win in the dummy with the ace.
 Now while your spade suit is established, it will be of no value to you, as you haven't picked up the trump.
 On this particular hand, de- clarer decided that, as long as he must lose a spade trick, he would lose it right away and conserve his entries. So a small spade was led from dummy. East won the trick with the queen and immediately returned the jack of clubs. Declarer played the queen, West covered with the king, and the trick was won in dummy with the ace.
 A small diamond was led from dummy, declarer winning with the king. Declarcr now led the queen and jack of trump, picking up Icast's outstanding trump.
 Now all that he had to do vas to lead a spade, win it ln the Gum- my with the ace, end the spades were ali good.
 Copyright, 1885, NEA Service, Inc
The Waterbury Democrat., 1935-06-18

roses, orchids and lilies of the val ley. The maid of honor's frock was of peach mousseline de soi e styled with ruffled cape and ruffled skirt and she wore a large leg horn hat trimmed in peach. Her arm bouquet consisted of Talisman roses, gardenias and lilies of the valley. The dress of the brides mother was Eleanor blue lace and she wore a corsage of orchids and the bridegroom's mother wore a frock of orchid chiffon and cor. sage of orchids.
 Following the ceremony a re- ception was held at Waverly Inn Among the visiting clergymer were: Rev. Fenton Tehan, Rev Richard Morrissey and Rev. Fran els Barrett. Out of town guests were present from New York Bridgeport, Hartford, New Haven Springfield, Hoboken, N. J. and Boston.
 MT. Leary and his bride left or wedding trip to Canada, the bride wearing an iris and orchid crepe travelling dress with accessories tc correspond. Upon returning they will take up their residence or Glenridge street.
 The bride is a graduate of the Waterbury Catholic high schoo and MT. Leary is a graduate oi Crosby high school and is a mem. Der of the local detective bureau
The Waterbury Democrat., 1935-06-18

Prominent among the June nup- tials was the marriage of Miss Dor othy D. Hunt, daughter of Mrs. George Hunt of Kingsbury street and John Vincent Leary, son of Mir. and Mrs. Andrew Leary of Frank street which was solemnized this morning at o'clock at the Immaculate Conception church. Rev. William o'Shea, pastor of the church officiated at the ceremony and also celebrated the solemn nuptial mass which followed, as- sisted by Rev. Joseph Rice and Rev. Neil J. Doyle. Palms and peonies decorated the altar and a special program of nuptial music was rendered under the direction of Professor Frederick Harmon. Miss Helen Hunt was her sisters maid of honor and only attendant and Frank Leary attended his brother as best man. The ushers included: James Brahney, John Savers, Michael Lawlor and George Hunt, brother of the bride.
 The bride was becomingly at- tired in a gown of white mousse line de sole fashioned with high neckline. large puffed sleeves to the elbow and moulded tightly to the wrist, the tight skirt terminating in train. Her veil of tulle and lace was fastened with orange blossoms to a cap of lace and she carried an arm bouquet of white
The Waterbury Democrat., 1935-06-18

When establishing side suit in which you hope to get valuable discards, you should figure whether you are going to have entries into the hand after the suit is estab- lished.
 When looking at North's hand, you would hardly realize that the problem of re-entries existed. However, that is exactly the problem that faced Jules Bank when he played this hand in a recent rubber bridge match.
 The Play
 Vests opening lead was the queen of diamonds. Now when the hand goes down, it looks as if Bank would have to lsoe dia- mond, a club and @ spade unless the spade suit could be estab- lished. If the spades were divided three-two, one spade trick could be given up and the losing dia- mond and club discarded on the long spades. However, Bank could see that he was confronted with the problem of re-entries.
 The first diamond trick was won in dummy with the ace. The ace and king of trumps were cashed immediately. Now, the de- clarer could not return to his hand with a diamond because, when he gave up his spade trick, the opponents could cash dia- mond trick and defeat the con- tract. So the whole problem re-