davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times., 1935-07-19
STATES AWAIT
U. S. APPROVAL
OF TAX TOKENS
Their Issuance May Conflict
With Sole Issuing Right
of Government.

BIZ United PrCss
WASHINGTON, July 1e-Four
states awaited the approval of the
Federal government today on issU-
ance of fractional cent tokens for
use in payment of state sales taxes.
Now under consideration by
Treasury and Department of Justice
lawyers are token plans Of Wash
ington, Illinois. Colorado and Mis-
souri, Involved is the question Of
whether issuance of tax tokens by
state conflicts with the constitu-
tional right of the Federal govern
ment 10 be the sole issuer of money
and currency.
The fractional tokens are neces-
sary in many states with sales levies
in order that fair tax may be COL
lected on a or 10-cent purchase.
If a 1-cent tax was collected on
sales Of this size, a 10 to 20 per cent
burden would be placed on the pur-
chaser.
Several states have issued on con-
sidefed issuance of tokens Of as low
denominations as one mill. Those
issued by Illinois. however. so close
ly resembled dimes that they have
been ordered withdrawn from cir
culation. The Washington tokens
have holes to distinguish them from
money, while Missouri has not yet
placed its tokens in circula ton.
In Ohio a scrip system is in eff
feet for the payment of fractions
of cent. While this is believed
an expensive method of token pay
ment, treasury officials said it is
entirely legal.
Treasury officials said today
they were anxious to work out token
tax systems in various states under
existing law in Order to avoid is
suance of r-~ United States money
in denominations of less than one
cent. Congressional approval, they
said, would be necessary before issu-
ance of a new coin.
Money in denominations of less
than a cent have not been issued by
the Federal government since 1857
when S17590 in half-cent pieces
we're coined Total coinage of this
kind of money since 1893 was only
S39926.
Altogether 33 states have sales tax
laws. Should a token system be
worked out for the four states now
in question additional states might
adopt token plans. Treasury Off
cials said they would have a solu-
tion for the problem within a few
days to facilitate collection of state
taxes
Forrest Smith. Missouri state
auditor, discussed his states prob
lens at length with Treasury off,
cials. He indicated his intention to
stay in Washington pending a set
tlement of the problem.
The Indianapolis times., 1935-07-19
THE MAIN TREND

Economic tides are graphically portrayed in the
Brookmre Panorama Chart above, which shows the
current trend of business, commodity, price, money
rates bonds and stocks since 1900. The most severe
decline in business and defation of values
in modern history is behind us. The fear psy
choOgy engendered by the terrific losses sustained
during that period still persists; but history shows
the wisdom of planning for the improvement which
has always followed such upheavals. Recovery has
been irregular far but the underlying trend is up.
The Indianapolis times., 1935-07-19
BUSINESS AND PRICES

The deflation beginning in 1928-1929 had driven
commodity prices down from postwar plateau to
the lowest point since the depression of the
1905. The chart shows clearly that the long de-
cline carried business to unprecedentedy low levels.
The size of the business area below normal gives
some impression of the tremendous political demand
built up by wear and obsoescence during the pro-
longed depression which sooner or later must be
filled. The rise in business and prices which began
in 1882 and 1888 was resumed during the autumn of
1884
The Indianapolis times., 1935-07-19
QUARTER SHIPMENTS UP

o FHFtN NDfrINI
NEW YORK, July 19.-Net ship
ments of Cutler Hammer Co. in the
quarter ended June 80 totaled ST.
794.949, compared with S1,497. 400 in
the same quarter year ago, it was
reported today. In the first six
months shipments aggregated So
353.059. against s2.673.92 year ago.
The Indianapolis times., 1935-07-19
MONEY. BONDS AND STOCK

Bonds usually lead the economic cycle. The un
precedented break that accompanied the interna-
tiona panic beginning in the summer of 1881 lasted
until the middle of 1882 Bonds then began their
covery. The chart shows clearly that bonds move
inversey with money rates. Exceptionally cheap
money is still bullsh factor on bonds but the
tnued rise of commodity prices exerts bearish in
fuence by curtailing purchasing power. The sharp
rise to July, 1888, has been followed by sdewise
movement. but the broad trend remains distinctly
upward.
The Indianapolis times., 1935-07-19
Produce Markets

The prices quoted below are paid for
stock gathered in the country While de-
livered N Indiana polls the price Slu be a
cent higher HEAVY breed hens I2c, Leg
horn breed hens. l0c. heavv breed cocks
Tc. LeEhorn breed cocks. Sc. colored
broilerS. ? lbs. and W. l3c; Leghorn broil-
i0c; ducks. full feathered ana fat. 4c
geese full feathered and fat Sc: No /
strictly fresh eggs. loss OF l9c. Each full
case mrSt weight S. lbs gross a deduction
OF loc a pound under SIS lbs. viii be made
Butter-No. l. 24G25c. butterfst. i9c
Quoted bv the Wadley Co
The Indianapolis times., 1935-07-19
LOAN PAY-OFFS HIGH
Northwestern National Also Reports
Drop in Borrowings.
By Times Speciai

q Y 7 INIfN oUfCIUF
MINNEAPOLIS, July 19.-For the
June quarter repayments made by
borrowers on policy loans we're the
largest on record. reducing policy
loans outstanding to the lowest
point since June, 1881, according to
the quarterly report Of Northwestern
National Life Insurance Co.
The report also reveals that pol
icy lapses in the first half of 1888
we're 1913 per cent less in amount
than in the corresponding period
of last year, while cash surrenders
and expirations showed a reduction
of 47.3 per cent as compared with
the first six months of 1884.
The Indianapolis times., 1935-07-19
FRUITS AND VEGETABLES
LEr Trrited prsssL

CHICAGO. July e-Apples-Tlinois
Western crates. doz si25d15o Tur-
nlpS-Illinois. punches. ic Sweet potatoes
Tennessee. bushel. 5Od SOC Lettuce -
western crates. ooz.. s. 50a Leaf let
Illinois. bushel. 50 a 75c. abbage-4O-5O-
10. crates. 25dS5c. Peas-Washington.
bushel hampers. S2G 225. Tomatoes -
Tennessee. lugS. 50cG Spinsch-Illinois
hushel. 25d 40c. paragus-Illinois
square crates. doz. Sldl IS Rhubarb-
Illnois. 40-lb- cartons. soG 4oc.
The Indianapolis times., 1935-07-19
LUMBER OUTPUT PARED

NEW YORK, July 19.-Lumber
production during the week ended
July amounted to 100000 feet,
compared with 170,120,000 feet in
the preceding week, the National
Lumber Manufacturers Association
reported today.
The Indianapolis times., 1935-07-19
BOND ISSUE CALLED
By Tines Special

bU 10 Is NpfcidI
NEW YORK. July le.-The Food
Machinery Corp. has called for re-
demption on Oct. is. at los and ac-
crude interest. all of It's outstanding
s per cent debentures, it was an
nounced today. In view of present
working capital position the COM
pany has no specific plans for new
financing at this time. John D.
Crumley, president, stated.
The Indianapolis times., 1935-07-19
new CAPITAL
OF COMP ANIES
GAINS SHARPLY
Low Cost of Money Points
to Further Increase
in RefunGingS.

BIZ Times Special
NEW YORK. July 19.-The VOL
ume of new corporate capital raised
in the second quarter Of the year
was the highest since the third quar-
ter of 1882 and the half years total
exceeded the new financing done in
the corresponding periods of 1888
and 1884, the Alexander Hamilton
Institute declared today.
Relatively and quantitatively. it is
held. the new capital market must
still be considered dormant. For
the last two years total new capital
raised has been less than 10 per
cent of the total for the depression
year 1921 and if the first half
year is equaled for the remainder
of 1885 this years showing will be
but IL per cent of the 1921 figure,
Post War High
The Institute points out that while
the total of refunding falls we'll be-
low the rate of many of the quarters
from 1926 to 1929, inclusive, the sec
ond quarter of this year produced
larger volume of refunding than
any corresponding period since the
war, with the exception of 1927-l929
and 1881.
So far as the cost of capital is
concerned the present is figured as
the most favorable period which
corporations have enjoyed for dec
AIDES. The cost of borrowed funds
may be placed at between 4 and As
per cent and this compares with
rates of over per cent in the years
from wartime to 1924 and cost
of from 5A to per cent in the
prosperity period 1924-1929
"The cost of owned funds" the
institute continued, makes a less
favorable comparison. In fact from
1927 to 1881, inclusive. owned capi-
tai could have been raised on better
terms. Then the quest was for
JlOllJo-blIC ODDOl Oulllty W olAdAC III
the growth of the country and high
earning power the lure.
Style Has Changed
"The style has changed and in-
vestment capital looks again to
safety and income regularity rather
than to these elements with a gen.
erous infusion of speculation.
TT would be gratifying to find in
the trends of the cost of new capi-
tai and in the volume of new
financing some definitive proof Of
an influence eXerted primarily by
one factor-such as interest rates.
But the matter is too complicated
to be thus easily resolved. If the
cost element alone is considered the
present year must be taken as the
most favorable for financing by COR
porations since the war.
But with the single exception Of
1882 the entire post-panic period
would have to be taken as ranking
in second place-and the record
shows the negligible effect of this
one condition on the volume Of new
financing during the last five years"
The Indianapolis times., 1935-07-19
CURB SHORTS FEWER


NEW YORK, July 19.-The New
York Curb Exchange has announced
that as of June % short position
in all securities totaled 1892 shares,
against 23.708 shares on May 81.
The Indianapolis times., 1935-07-19
SUMMARY AND OUTLOOK

The country has gone through only the first or
mild phase of business recovery On the basis of SIM
liar past depressions of the prolonged type the phase
of rapid expansion would appear to be about due.
The normal recovery forces supplemented by influ-
ences of inflationary character signify coming
boom which may start at any time. The effects
should be: l. Expanding business, notably durable
goods industries. g Rising commodities. g. A bull
market in stocks, particularly in cyccal and COM
modify groups.
The Indianapolis times., 1935-07-19
MAY HOLD BACK SUGAR
BV NJ SnecinI

OF IWtN NpfctnI
HAVANA. July 19.-The Sugar
Institute today agreed TO recommend
to President Mendieta that ship
ment of consignment sugar to the
United States be prohibited.
The Indianapolis times., 1935-07-19
FORD SALES CLIMB
June Record Was Best for Month
Since 1880. Company Says.

June Record Was Best for Month
Since 1880. Company Says.
By Times Special
DEARBORN. Mich, July 1e.-Fig-
ureS announced today by officials
Of the Ford Motor Co. show that
during the first six months 634 96l
units were sold in the United States.
This is nearly two-thirds of the
100000 cars and trucks which Ford
is building this year. This figure
does not include foreign sales.
IN June alone 100.SS2 units were
sold This Is the best sales rec
ord for June which Ford has ex-
perenced since 1930-and the fourth
consecutive month this year that
Ford sales have topped 100000
The Indianapolis times., 1935-07-19
Other Livestock
fRY Uni ed Pressl

LAFAYETTE, July e-Hogs-Market,
lbs. slO25dl0.35; 250-275 lbs. sioa IS:
$40 20: 14O-i6o lbs. $3.50 10: IOO-14o lbs
s9Ge50; roughs. ss75 down. Calves -
Steady, 81 down; lambs. $50 down.
The Indianapolis times., 1935-07-19
LOCAL Cash MARKET

City grain elevators are paving 70 cents
for No. soft red wheat other grades on
their merits. Cash corn No. 2 yellow.
n cents and oats 81 cents
The Indianapolis times., 1935-07-19
Gold Sets Peak

God certificates on hand
and dua from the Treasury
rose to q fresh peak Of
So. .226. 100000 in the Ueek
ended Wednesday.
The Indianapolis times., 1935-07-19
(By Abbott. Proctor d Paine)
Money and Exchange
TREASURY STATEMENT
CBy United PressI

WASHINGTON July 1e.-Government
expenses and receipts for the current
fiscal year TO July II compared with a
year ago:
This Year Last War
The Indianapolis times., 1935-07-19
U, S. GOVERNMENT BONDS
Tiherfvs

g74s ls49 NEUTRALITY-SUSPICIOUS.. 1872 49,. 1874 1S5 :
IS, 1852 .................' 1Oz.l4 4o@'A'
The Indianapolis times., 1935-07-19
Unlisted Stocks

tBv Blyth & Co.. Incl
The Indianapolis times., 1935-07-19

Lambs 90 lbs down. good and
CnOlCe , f0'd 90
Medium NEUTRALITY-SUSPICIOUS.. 6.0od IT'S
Ewes
(90-I25 lbsl Good and choice 2009 800
All weights. common and me-
G20-l5o) Good and choice -. 500 ais
The Daily Alaska empire., 1935-11-25
Mystery SlaIing Being
 Investigated in N. Y.

NEW YORK. Nov 25.---Pressing an investigation of the mystery slay- ing of LeRoy Smith. auth critic es questioned two men, one the estrang- ed husband of woman with whom the slain man was friendly. The oth- CT man was Luther Philpot.
 Carl Atottlenyer, later described as the estranged husband of Mary Swope, was frequently seen with Smith.
 Smith was found shot to death in field near the girls home.
The Daily Alaska empire., 1935-11-25
Lo,rer Tariff Duty
 Protest to Be Filed
 By Oregon Senator

WASHINGTON, Nov. 25.-Assert- ing that the Northwest is up in arms over the lumber tariff reduc- ton in the Canadian-U. s. treaty, Senator Charles L. McNary, Oregon Republican leader, has arrived here to file a protest with the White House and State Department.
The Daily Alaska empire., 1935-11-25
Seizures Are Made
 by U. s. Authorities

WASHINGTON, Nov. 25.--Ninety thousand cases of canned salmon were confiscated in September by the Pure Food and Drug Administra- ton and 60O0o cases in October. w G. Campbell. Chief of the Admins tration. said there was not single seizure made last year because oi decomposition.
The Daily Alaska empire., 1935-11-25
Gillian Airways to Fly
 Mail, Cordova-Kennecott

CORDOVA, Alaska, Nov, 25.-The Gillam Airways won the Cordova- Kennecott air mail contract with a bid of $14850 per trip.
 The Airways will carry 1,500 pounds weekly during the winter months while the Copper River Railroad is closed.
The Daily Alaska empire., 1935-11-25
Salesman Kills Vie
 cith Ice Pick; Pays
 Penalty :EIecrocuted

HUNTSVILLE. Texas, Nov 25. - w. R. 1Iildreth, 49, automobile sales man, died in the electric chair dur ing the night for the ice pick mur- der of his wife last year.
The Daily Alaska empire., 1935-11-25
Datoff and the latter had blood on his head as if he had been struck.
Names Giovanetti

r Names Giovanetti
 Witness White identified Giovan- etti as the man he had heard say "union men ahead near the Nugget Shop as the marcherss moved down the street.
 Jorgensen told of seeing Datoff hit Ted Danielsen, President of the Jll- neau Mine Workers Association, over the head. He said Matthews tried to strike him and that Abel Ander- son tried to take his club away dur ing the encounters at the union hall and later at the mine office. Peter son, Simon Graner and Matthew Sumara were other defendants named by Jorgensen as alleged par ticipants.
The Daily Alaska empire., 1935-11-25
wARRACK RETURNS

J. B. Warrack, President of the Warrack Construction Company. ar rived from Sitka on the Northland.
The Daily Alaska empire., 1935-11-25

All States in the Union, also Canada and France, are repre- sented in the visitors book at the Creek Council House Museum at Okmulgee, Okla
The Daily Alaska empire., 1935-11-25

tcontlnuec rron Page One,
The Waterbury Democrat., 1935-03-11
BY CARY ELvIN

"T am Joshut Dale-smith," an- nounced the man with the derby hat. the black cigar and the red
 Don pushed back hi stypewriter, put his feet up on his desk and said: 'T believe I've heard of you. Mir Dale-Smith; what can do for your"
 '1t is obvious, young man; 1t ia obvious! You, the editor of this delightful towns newspaper = and a 1lne newspaper it is-can do me 2 great deal of good. Not only me. put yourself, young man, and this most charming littel village!"
 Frankly I'm bit rushed for time. I'm cleaning things up; may leace for New York. Just what can I do for you?"
 I've already made arrangements with the manager of your local tneater for the gala amateur night snow" Joshua Dale-Smitll stated as he drew promotional material from his dog-eared briefcase. "The ladies and gentlemen of this town not only will be offered the op. portunity to display their talents but I personally shall select those who show the greatest amount of promise and obtain special schol- arships for them in my radio and stage training school. Through the grant of one of my special scholar ships the talented young man or woman is enrolled in the school at half the regular tuition fees. It is remarkable opportunity"
 Suppose you leave your stuff with me and I'll see what I can do for you. I'm glad you dropped in," said Don.
 Later that evening Don stood with bemused eyes, watching his dream girl.
 You're not really serious about going to the show?" he asked.
 T certainly am serious" said Betty as she fluffed her blonde hair with delft touches of the comb.
 Well. if you are, of course you are. But think it's dirty trick. Especially tonight when have so much to say"
 But can't you just say it, Don?"
 "Of course can," he blurtcd. I've received a telegram from New York. I've landed that job. It won't be anything without you, Betty"
 But, Donny - Oh, let's get down to the theater. We'll be late if we don't hurry"
 Don ground his teeth and went for his hat.
 Joshua Dale-Smith. dressed in striped trousers and cutaway jacket, stood on the stage. In turn he in- troduced the home talent of the village, and encouraged the au- dience in it's applause. As all ex- cept the hopeless received the con- gratulations of their fellows, MT
The Waterbury Democrat., 1935-03-11

Tomorrow: White Girl" by A. Ls Harris, is q delicate romance, cens tcring around a youthful artist and c girl whom love has passed by.
The Waterbury Democrat., 1935-03-11

~SS VSA"" O0A DV 6VE HUI ss. Don was beginning to say, buk Betty, with smile on her lips, was already up and away from him and moving down the aisle to the stage.
 When Betty finished her song, Joshua Dale-Smith did not have to encourage the 0ownsfolk in their applause. And after tn eshow was l over he called her into his private | office. Don followed her. "Young lady" declared Joshua you are just the person for whom have been looking to accompany | shows. Of course, there will not be a very large salary involved, but you will sing in every theater from here to the coast. I'll make you one of the most famous entertain- CTS in the country, if not in the world. And when we get to Holly wood - well, young lady. you're going to town"
 "Oh, I'm so thrilled" cried Betty, Tive so wanted a career!"
 
 Don did not say anything, but later that night, after he had taken Betty home, he called on Mir Dale-Smith.
 1T thought you were smart" Don grinned.
 '"I am smart" retorted Mir Dale- Smith.
 "Yes, you are, letting that girl pull a fast one on you. wouldn't care except that I gave you a lot of publicity and don't want to be laughed at with you"
 What do you mean?"
 'T mean that girl is visiting from New York, she's one of the biggest shots on radio. You've heard of the Singing Doll,' haven't you9 She was just playing you for sucker. And right in front of everybody, too. If were you, I'd the morning, if not sooner" ad@ vised Don.
 "Uh-you don't say. Well. [ mean-I knew it all the time. Sure, all the time. I'm leaving town tonight. had to anyway" said Joshua Dale-Smith.
 "He was only kidding you, Bet ty, dear" Don was explaining to the girl the next day as he kissed away the tears that fell from her big blue eyes.
 But he didn't seem like he was kidding" sobbed Betty.
 Those guys never seem like they're kidding. That's part of their racket. But it's all right, honey. You're going to town, anyway, and the big town, with me-"
 "Yes, Donny, I'll go with you.s Betty said as she brushed away her tears.
 "You darling!" Don exclaimed as he hugged her. And Betty, forget- ting Joshua Dale-Smith, thought Of New York and all the opportuni- ties it offered Q girl like her.
 Copyright, 1885,
 The Chicago Daily News. Inc
 Tomorrow: White Girl," by A. L. Harris, is . delicate romance, cens R~-u e-A~ ~~u4E4
The Waterbury Democrat., 1935-03-11
r.D.R. MAY VISIT RIFLE MEET

Washington (UP). - President Roosevelt will be invited to ffre the first shot in the End annual National Capital small bore rife shoot at Camp Simms, Md. in early May. Expert marksmen throughout the world are expect ed to compete in the two-day con. test which the District Rifle ass0- citation believes will be the great@ est shoot ever staged on the East. ern Seaboard. Cash prizes and trophies will be awarded. One hundred gunners competed last wear.
The Waterbury Democrat., 1935-03-11
DAILY SHORT STORY GOING TO TOWN Amateur Night Was Big Business to Joshua, but fo
 Don It Meant Losing Wife.

1 Dale-smith dramatically proaus< contract.
 T hereby award this most tale ented person a scholarship iu fE school. Here, just sign this cone tract, and you will receive full e1< ucational benefits of my instiIes ton at half price," At this announcement the village folk would stamp, cheer and WlIi6s tie, and the honored person would blush and sigh.
 You've got to hand it to this fellow. Anybody who can-
The Waterbury Democrat., 1935-03-11
Answers to Previous Questions

Answers to Previous Questions THE Boston Orch estra is be. A lieved to have been the original Philharmonic Orches- tra 1t was organized ty Johann c G Graupner Joseph Smith moved to Kirtland with 50 fam. flies from Manchester N Y The Kirtland church still stands The military order was formed by veterans and de. scendants Of veterans of one or more of the wars waged be. tween the United States and foreign powers.
The Daily Alaska empire., 1935-12-26
DEMOCRATS TO GET TOGETHER
 ON JANUARY 8
Preliminary Announcement Made Regarding Jack
 son Day Dinner

Democrats of Alaska will unite with those Of the remainder of the United States and it's possess sions in honoring the memory of President Andrew Jackson by hold ing Jackson Day Dinner here on the evening of January 8, it was announced today.
 The dinner will be held under the auspices of the Democratic Divisional Committee, of which M. E. Monagle is Chairman, and the Juneau Women's Democratic Club. Detailed plans will be announced later
 It is expected that at least 5000 Jackson Day dinners will be held simultaneously, attended by more than 100000 Democrats, according to a telegram received by John E.. Pegues from James A. Farley, Chairman of the National Commit tee. President Roosevelt will de- liver speech to them to be'broad- cast from Washington over a na- tional hookup
 Dinners, MT Farley said, will be held in every State in the nation, Hawaii. Puerto Rico and at his suggestion Alaska joining in the celebration.
The Daily Alaska empire., 1935-12-26

children under heir gaily-decked tree. Ed Ridley served as Santa Claus at the happy occasion, while assist ing him were Charley w. Carter, Magnhild Oygard, nurse in charge. and Cleo L. Beason, occupational therapist. Holiday music was ren- dered by an orchestra composed of the older patients, while the tots excitedly opened gifts and played games until bedtime brought close to a memorable day.
 On Christmas Eve the Alaska Ma tive Brotherhood Hall was jammed with Yule celebrants, gathered to witness the Nativity pageant which was arranged by Mrs. Janea Allen and Mrs. Frances Paul. Community singing brought the program to 8 close, and gifts of candy and toys were then distributed to all the chil- dren present. A dance followed the affair.