davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
THOMAS HINTS
OF DESERVING
SILVER Biz
Oklahoma Senator Thrl
ems to Become ProSeII
to Managed Currency

By United Press
WASHINGTON. Aug. 31.-Sen
Elmer Thomas ID. Okla), wis
monetary policies have been termc
infationary. threatened today to de-
sert the silver bloc in favor Of a.
managed currency.
I'm rapidly drifting to the man.
aged currency idea" Thomas said.
If the government doesn't proceed
rapidly with its silver program, I'm
going to switch"
Mr.. Thomas said he expected to
make his decision before the next
session of Congress. He expects the
Treasury's Administration of the
1884 silver purchase act to become
a major issue of that Congress.
Urged An Inquiry
Senator Thomas introduced a re
olution last session proposing an
quiry into Treasury Administrat
of the act designed to raise slid
to S1.29 an ounce, or until oHet
fourth of the nations monetar
stock consisted of silver. The resc
luton was referred to subcommittee
after Secretary of Treasury HenlS
Morgenthau Jr.. had espresso
strenuous opposition. 4
The Administrators desire to
retain the act was indicated in a
statement that its repeal would
benefit only Wall Street silver
traders, and that the act must re-
main in force for the government
to retain control over the silver
market.
Spectators Are Hit
ITO repeal the provisions in ques-
ton would detract from the dignity
which they are designed to give To
silver as a part of the monetary
system of the United States" the
committee said.
1T is the Wall Street spectators
who are adversely affected by these
provisions. This is as it should be
They are doing nothing to help tbs
cause of silver, but are merely at
tempting to make an unearnea
profit on the governments program
for the wider use of silver.
The policy of the Treasury can
not be s%ubservient to those groups
Of silver spectators who have been
relying on the announced policy OF
the United States to bolster their
speculative activities" the commit
tee said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31

I OVER crude oil prices on the
i west coast were announced
Thursday by the Standard Oil Co.
of California and we're contributed
to a continued situation of over
production. The new schedule en-
tails a reduction Of so to so cents a
barrel on the lighter grades of
crude oil and a minimum of no
change on the heaviest grades.
simultaneously with the Pacific
Coast firms statement was the fore
cast that the retail gasoline price
structure in Pennsylvania and New
Jersey had been weakened to such
an extent that it is possible the
large marketing companies may be
forced to reduce station service
prices shortly.
In pointing out the overprOduc-
ton existing in the oil industry,
Standard of California made the
following comment. Since the
first of June there has been an in
creaSing tendency to break away
from p%rOration until at the present
tine production Is IN excess OF 6OO,-
coo barrels 4 day as against an eSti-
mated conSumptive demand, eSti-
mated by the United Bureau of
Mines Of less than $4,000 barrels a
day"
President Roosevelt signed the
Guffey bituminous coal control
bill. the FraZier-Lemke three-year
farm mortgage moratorium bill and
the railway pension measure. The
ErSt of these launches the Federal
government into another venture in
industrial regulation, despite doubts
as TO its conStitutionality. The last
two we're signed TO replace similar
acts passed by the Seventy-third
Congress and held unconstitutional
by the Supreme Court.
Congress adjourned.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
Banks Adopt Waiting Policy

Investment dealers in New York City report that
the attitude of banks is to wait for a settled market be-
fore ~enlarging their portfolios of U. S. government
bonds and notes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
'FFMC EPISODE
NOT IMPEDING
u. s. BOND AIMS
Treasury Proceeds With
Plan to Refund Fourth
Liberty Loan Issue.
By JmifcdPrcss

By Jnffcd Pros
WASHINGTON, Aug. 3l.-The
Treasury proceeded today with
plans for refunding 81 ,25O, 10000 IN
Fourth Liberty Loan bonds this fall,
unperturbed by failure for the first
time in history to sell an uncon-
ditionaly guaranteed security issue,
Although only S35, Goo, 900 in
tenders were received on an offer
ing of 500, OO0, 1000 of four-year IL
per cent Federal Farm Mortgage
bonds, the Treasury gave no indica-
ton that it would change its fall
financing program.
The Liberty bonds, carrying A.
per cent interest, are called for
Oct. Is.
RFC Doing Well
Meanwhile, the RFC was having
more luck with its financial opera
tons. 1t sold 30 issues OF municipal
bonds totaling Sl4, 489 500, netting a
total premium Of $780,, 200, 900 for
PWA. Only two small issues were
below par and the average accepted
bid on the total was 1922 per 100.
RFC Chairman Jesse H. Jones said
the result al very fair"
Secretary OF Treasury Henry Nor
genthau IL. defended the auction
system whereby Federal securities
are offered TO the public TO the
highest bidder, instead of through
private bond houses. But private
bond houses, opposed to the system,
believe this was one of the con-
tributory factors in failure TO OBJ
tain overSubscription for the Fed
eral Farm Mortgage bonds.
MI. Morgenthau said, briefly, 1T
has proven satisfactory in the past
but added that failure to sell the
bonds wasn't 20 good"
Recent Weakness Cited
Observers believe other factors
entering into the failure of over
subscription included recent weeks
of bearish markets for government
BONDS. Some limited that fear Of
initiation might have had a bear
ing, although the government min
imized this.
The Treasury can buy the re-
manning SIS, 900, 900 of unsubscribed
bonds or sell them through pri-
vate houses. Secretary Morgen-
thau intimated, however, that he
would await word from the Fed
eral Farm Mortgage Corp. to see if
more funds are needed before
acting.
Discount rates on government
short-term bill, it was pointed out,
for 273 days have been increas-
ing recently. On July %, the av-
erage rate was O.57 per cent on the
average bill of 99.957, while on Aug.
q. it was 1877 per cent on the av-
erage bill of 99.904.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
Average Job $3.50

The average repair job entails an
expenditure of $3.50, which is incor-
porated in the refinancing loan to
the home owner. Engaging more
than 125, 900 contractors and pro-
viding some 8,OO0,0 900 working days"
to construction labor, this program
has stimulated employment in the
building trades as we'll as in the in
dustries that produce the materials
used. It is estimated that of every
dollar spent on reconditioning, Is
cents goes for labor at the site.
To assure sound materials and
competent workmanship at the min
imum cost to the borrower, trained
employees of the corporations, at the
time the loan is closed, inspect the
home and advise the owner on the
proposed repairs, prepare and secure
bids, approve contracts and super
wise the progress of the actual
work. In cases of serious fire or
storm damage to homes under mort
gage to the corporation, inspectors
of the reconditioning division CO.
operate with insurance adjusters to
provide for repair or rebuilding
that will be fair and satisfactory to
the owner.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
c CASE MARKET

CITY grain elevators are paving rs cents
for No. : soft red wheat. other grades on
their merits. Cash corn No. 2 yellow
6s cents and oats Is cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
$1OO expended:

Geographically, the work is dis
tributed approximately as follows:
North and East, 80 per cent; South,
16 per cent; Middle West, SO per
cent; West, 18 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31
ReUieW
Highlights of the
News During
This Week.
by FREDERICK MATSON
Iimes Financial ErIter

TREASURY SECRETARY HEN
1 RY MORGENTHAU JR. re-
ceived the first setback IN his cam
paign TO sell Federal bonds on an
auction basis when an offering Of
500 1000 in Federal Farm Mort
gage Corp. f%our-year II per cent
bonds attracted but s85 262 900 Of
subscriptions.
When the offering was announced
last week IL had been Surmised that
the Treasury would run into some
difficulty. because the government
bond market has been suffering
from a bad case Of filters in re-
cent weeks. Some OF the low
coupon issues have fallen below par
for the first time in quite a while.
Bond dealers we're Of the opin-
ion that the failure of the offering
this week vas due to Mr.. MOrgen-
thau's innovation in placing new
bonds at auction instead Of estab-
fishing IN advance. as Is the Gus
tOmarv procedure. a definite offer
ing price at which the Treasury
Will sell the issue, and asking sub
scriDtiOns at that price.
The Farm Mortgage Corp. bonds,
like the Home Owners Loan Corp.
issues, r considered United States
government bonds. since the gov
eminent guarantees them uncon-
ditionally. both as to principal and
interest. They are obligations Of
the United States just as much as
are Treasury bonds and are &C
cepted as such by the public.
This weeks episode is all the
more unfortunate and inopportune
since Secretary Morgenthau IS pro-
ceeding with plans for refunding
sI-25O.0 900 900 of Fourth Liberty
Loan AZ per cent bonds. which
have been called for Oct. IS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-31

MOBILIZATION of Italy's
wi economic forces in prepara-
ton for the Ethiopian adventure
was ordered by Premier Mussolinl
III a war communique issued
Wednesday. Undoubtedly at
tempting to correct a much-re-
peated assertion that Italy is not
financially equipped to wage a pro-
Ionged campaign. II Duce laid down
a stringent set Of rules for bust
ness.
The most important was that
demanding all foreign credit re-
sources be surrendered to the gov
eminent. This is 10 be accom-
plished by converting into treasury
bonds all Italian and foreign bonds
placed abroad-this nov having
been made necessary by the out
flow of gold to pay for foreign
purchases. Foreign credit stocks,
bonds and also must be converted.
Other vital points in the decree:
a 10 per cent tax is imposed on
dividends. interest payments. bonds
and stocks and prices and profits
Of every category. Commercial and
industrial firms may not pay
dividends in excess of 6 per cent
for a period Of three years. In
tereSt which IS not distributed
must be invested in state bonds
which NAV not be sold or dis
posed of within three years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
Just a FelU Hours Are
Left-CZOthe q Child!

You have until as late as you
wish on Christmas Eve to enroll
in Clothe-a Child.
-of-Dimes, sidewalk shrine
of Clothes Child, neared its fif-
teenth row today with approx
imately 1924 in front of L. S.
Ayres & Co. and S. S. Kresge Co.
stores just waiting to pay cloth
ing bills for the INDECENT ones.
Your dimes are spent as they are
laid down. The dimes will be
banked Christmas Eve.
But even then Clothe-a Child
does not close up shop, for it gives
to the last-minute goodfellow a
way to provide a Christmas gift
that can not be given by Commu-
nifty Fund relief agencies. Your
gift will last the coming school
year
Call Riley 555l for boy or girl
to clothe or If you wish a cheek
or cash will let Clothe-a-C Child
dress your own Johr-boy or Mary
girl.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
CUFFEY ACT TO GET
EARLY COURT ACTION
Date for Hearing May Be
Set After Recess.
By United Press

By United Press
WASHINGTON, Dec. 23.-The
Supreme Court today added the
Guffey Coal Control Act to the ros-
ter of New Deal cases awaiting its
early determination, and then took
a two-weeks' holiday recess.
The government is expected to
ask the court to advance date for
argument of the Guffey act test
when the justices return from their
recess Jan. 6. Otherwise, it was
said, cases probably would not be
argued until March.
The court is expected to return
from its Christmas vacation with a
pack laden with decisions on con-
stitutionality of New Deal acts.
The validity of the AAA and its
amendments, the IVA and the
Bankhead Cotton Control Act are
among the issues to which the nine
justices will devote themselves while
the rest of the nation is celebrating
the holiday season.
The courts action today will en-
able it to provide an unprecedented
early test of the Guffey laws consti-
nationality. The effective enforce
ment Gate of the law IS less than a
month past and machinery is still
being set up for its administration
BY granting permission to take
the est case directly before the high
court, a final constitutional ruling is
possible within a few months.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
C. N. C. GIVES
$4,000 BONUS
$4,000 Is Awarded City
Employees; S5,000,000
Is u. S. Total.

General Motors Corps Christmas
gifts to employees brought s27s,o0o to.
day to workers in Indiana, including
$4,000 in Indianapolis at the Chev-
rolet Body Co.
In Anderson, where the corpora
ton operates the Delco-Remy Co
and Guide Lamp Corp, $4,000 was
given workers. In the Chevrolet
transmission plant at Muncie en-
ployes were awarded $4,000.
By United Press
NEW YORK, Dec. 23.-General
Motors Corp. is to give S25 to each
of approximately 100000 employees
tomorrow as Christmas bonus
The cost is to be 100000.
President Alfred P. Sloan Jr., an
nouncing the bonus, said it was
IAN appreciation fund" for the part
the corporations employees played in
creating the most prosperous year
for General Motors since the de-
preston began.
Several other national and local
firms announced similar bonuses
Approximately 2,700 employees OF
Congoleum- Marin, Inc, earning less
than $4,000 year are to get SIS
each.
In Wall Street, brokerage house
employes-who recently have toileo
into the night to keep pace with
tive markets-were being regarded
with the widest distribution OF
bonuses since the boom days Of
1928 and 1929,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
U. S. JOINS INQUIRY
into BUS TRAGEDY
|. C. C. to Probe Mishap
Fatal to Ia.
By United Press

By United Press
HOPEWELL, Va, Dec. 23.-Fed-
eral officials came to the aid of To-
cal authorities today in search for
the cause of the Appomattox River
bus tragedy which cost IA lives. Five
bodies are unidentified.
Two officials of the motor car
rier division of the Interstate Com
merce Commission were ordered to
aid investigation into the accident
in which a huge bus dived through
an open drawbridge into the river
Whether a mechanical fault oil
some other mishap caused the acct
dent remained uncertain after pre-
liminary investigation of the bus
Officials discounted the possibility
that the driver, l.. G.. Afford, was
dead when the bus broke through
the bridge guard.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
BUSINESSFEUD
RAISES NICK IN
SANTA'S TOWN
Firms CapitaIizing on His
Name Stage Ceremonies
at Same Time.
KRIS HIMSELF ABSENT
Postmaster Solves TickIish
Problem, Stays Away
From Both.
Times Specinl

4 bUtBS CpSctub
SANTA CLAUS, Ind, Dec. 3D.
Barring a slight cooperative head
ache, Santa Claus (the VILLAGE is
ready for Christmas today, but some
of the citizens are not speaking to
each other.
Yesterday there was a battle of
ceremonies, to which all citizens
were invited. One IVES the unveil-
ing of Candy House." a red brick
fairyland castle, built by Santa
Claus of Santa Claus, Inc.
The other vas the unwilling of a
statue of Santa Claus, sponsored by
Santa Claus, Inc. Both were at the
same time so those invited had to
make up their minds suddenly
which to attend.
Here's How Things Stand
Some people, such as Postmaster
Oscar L. Philips, who is Santa
Claus, were cross enough to not at
tend either, so that the whole
thing is pretty mixed up.
It's this way:
Santa Claus of Santa Claus, Inc,
headed by Milton Harris, former
Vincennes Qnd) attorney, has built
the fairyland castle and has an
nounced that it will build more, for
displaying, in a Mother Goose vii
lage, toys and gifts for children at
Christmas time
Santa Claus, Inc, to which Santa
Claus of Santa Claus, Inc, no long,
er is speaking, owns and operates
the Santa Claus statue, and has an
nounced that it, too, plans to build
and exploit a Mother Goose village
for displaying children's toys at
Christmas time.
Otherwise Ais Peaceful
When the two corporations got
wind of each others intentions,
they went into court and the legal
fur flew. Santa Claus of Santa
Claus, Inc, claimed that the ground
where the Santa Claus statue of
Santa Claus, Inc. was located was
under lease to it.
Santa Claus, Inc, replied, in
court, with a petition for an order
enjoining Santa Claus of Santa
Claus, Inc, from using that name.
Both corporations want exclusive
rights to exploit the name for COM
mercial purposes.
This is about the way things stand
now in this otherwise peaceful vii
lage of Santa Claus, nestled in
Spencer County's back country hills.
There are about 100 citizens.
Town Founded in 1916
Santa Claus was founded as Santa
Fe in 1916 but changed its name
several years later when it applied
for a postofflce and was denied
one because there already was one
Santa Fe listed in Miami County.
Publicity on its name has brought
an annual rush of Christmas parcels
to be mailed to all parts of the
world with the Santa Claus post
mark.
1t showed yesterday and Santa
Claus has good prospects for white
Christmas.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
CITY DIGGING OUT.
FROM F0UR-INCH.
SNOW; Is KILLED.
Toll in Nation Exceeds 60;
China Clipper Forced
Back by Gale.
SHIPS SCURRY TO PORT
Grade Crossing Accidents
Claim Many; Holiday
Travel at Peak.
By United Press

Snow and heavy holiday
traffic caused more than 60
deaths over the weekend in
an unusual number of road
accidents in all parts of the
nation.
Fourteen persons were killed
when a bus skidded over the open
end of drawbridge at Hopewell,
Va. Five were killed in the COLI
sion of a sedan with truck in
Spartanburg, S. c., and four died
in Taopi Mimi, in train-automo-
bile accident.
Trains figured in three other &C
cidents. The Golden State Limited
killed three men in truck at
Tempe, ArlZ.; passenger train
killed man and woman at Omaha,
and a train at San Antonio killed
one man and critically injured an
other.
Snow Blamed for Mishaps
Police said virtually all accidents
were caused by snow and sleet
storms that disrupted transporta-
ton at the beginning of the heavi-
est Christmas aid New Year traffic
in years.
Three men drowned in truck
that crashed through lake ice near
Fond Du Lac, Wis. A truck killed
two youths at Wichita, Kas. Two
Houston truck drivers were held on
manslaughter charges.
Wet pavement caused the death
of two men at Mapleton, Ill, and
near Wheeling, Ill, a skidding car
killed one man. One died in Chi
cago and five in New York. Thir-
teen deaths were reported in Indi-
ana.
Storm Lashes Northwest
A severe typhoon struck the
southern coast of the Island OF Lu-
zon tonight, centering on Camarines
Sur Province and driving across the
island south of Manila.
A severe mid-ocean Pacific storm
drove Pan American Always giant
China Clipper back to its Alameda
base today after the big craft had
flown approximately one-third the
distance to Honolulu.
Storms and cold weather were
general in the Northwest.
Two CCC camp members were
killed and third critically injured
in an auto crash near Salem, Mo.
Two fishing vessels were wrecked
and scores of other small craft, on
their last trip of the season to Alas
kan halibut banks, hurried for
cover.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
Christmas Gift

Mercy had talk with Justice
today and as a result Marshall
Spencer, 90, Clermont, is to
spend Christmas with his wife
and four children, and continue
his work on WPA project.
Spencer pleaded guilty Sat-
urday before Federal Judge
Robert c. Baltzell to a charge
of possessing a still. He was
given a 90-day Jail term and a
500 fine. Today Judge Bait
zell placed him on probation.
Tomorrow Spencer is to re-
ceive his first WPA pay check.
He has been working two weeks.
the first employment he has
had in two years.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
Three Lose Lives Here in
Traffic Accidents;
10 in State.
SUFFERING Is INTENSE
Street Department Workers
Are Busy LeSSening
Hazards.
photos on Page 81

Indianapolis this afternoon
is digging out from a four
inch snowfall that took a toll
of Is lives in Indiana traffic
accidents, retarded last-min-
ute Christmas buying and IN
terrupted traffic operations.
With a forecast of cloudy tonight
and tomorrow, prospects for the
first white Christmas in years for
Indianapolis are good.
Street commissioners workers-3OO
of them-Worked desperately to clear
snow from heavily-traveled streets
and spread salt on dangerous inter-
sections.
Three persons were killed in
Marion County. Poor visibility and
icy roadWays were to blame for the
tragedies.
It. was the deepest snow since
March 18 of this year when SO
inches fell in a 24-hour period.
Children on Vacation
School children on vacation for
the holidays enjoyed the weather
break" and spent the day coasting
in guarded streets and in city parks,
Two young women were injured
severely this morning when their
car, Unanswered to avoid hitting
children on sleds in the 4700 block,
Madison-av, collided head on with
another.
Miss Marjory Werttenberger, 81,
of Laketon, Ind, was taken uncon-
scious to City Hospital. Miss Fran
ces Threkeld, IS, Greenwood. Ind,
was taken to City Hospital with a
broken collar bone.
LOREN Marshall. father of a year.
old child, was struck and killed by
a car one-half mile east of Tibbs-
av on old Road 81 at this morning.
Joseph VanMetre, 20, Mooresvllle,
driver of the car, said the snow had
reduced visibility to such degree
that he did not see Fir. Marshall
until it was too l2te to stop. He
said Mr.. Marshall was walking IN
the middle of tho road. ...... =.
Mr.. Marshall is survived by the
widow, Dorothy, and their child. MI
VanMetre was not held
Two Killed by Train
Lowell Lincoln, %, of 20l9 W.
Ohio-st, and Mrs. Mary Rubin, 20
of 536 Arnolda -av, were killed in
stantly late last night when Mr.
(Turn to Page Six
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
NRA DEATH ORDER is
SIGNED BY ROOSEVELT

Executive Rule Shifts Some EN-
ployes to Comerce, Labor Groups
By United Press
WASHINGTON, Dec. 23.-Pres-
ident Roosevelt today signed an
executive order terminating the Ma
tional Recovery Administration on
Jan. l, and shifting some of its re-
manning employees to the Depart
ments of Commerce and Labor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
Surprise to Roosevelt

By united Press
WASHINGTON, Dec. 23.-The
capital received with surprise
today advices that Col. Charles A.
Lindbergh and his family had gone
to Europe to avoid the possibility of
kidnap plot against his son Jon.
Not even the President, it was said
at the White House, had the Slight
est hint that the famous f1ier
planned such a journey.
Mr.. Roosevelt received the news
with distinct SURPRISE" it was said.
J.. Edgar Hoover, director of the
Federal Bureau of Investigation, de-
clined to comment on the reported
kidnapping threats against Jon Lind
bergh.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
RADIO CORP. BREAK
UNSETTLES TRADING

Supreme Court Rules r. c. A. Must
Face Trial in Suit.
BY United Press
NEW YORK, Dec. ga sharp
break in Radio Corp, stock following
Supreme Court decision adverse to
the company unsettled the stock
market early this afternoon.
Radio broke to IFS, off1ss in &C
tive selling. The United States Su-
preme Court decided that the cor
poration would have to stand trial
in a suit brought by Raytheon Man
ufacturing Co.. charging damages of
S15,000,0O0 as a result of antitrust
law violations.
Chrysler, which touched 923s, a
new top since 1929 and a gain of as
points, declined to 9lss and quieted.