davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
CAR LOADINGS RISE
SLIGHTLY FOR WEEK
Increas, of 621 Cars Shown During
Week Ended July 30.

M NffU russ
WASHINGTON, Aug. 10.-The
Association of American Railroads
announced today that carloadingS
of revenue freight totaled 597063
last week. an increase of 621 cars
over the preceding week, 1857 be-
low the corresponding week of 1884
and %. 1893 below the corresponding
week of 1888.
Miscellaneous freight loadings
totaled 227.476 cars, an increase Of
$40 cars over the preceding week.
Loading of merchandise less than
carload lots totaled 156,919 cars. an
increase of 581 cars over the pre-
ceding week.
Coal loadings amounted to 91.
992 cars. a decrease of 1892 cars
below the preceding week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Produce Markets
Reprinted From Yesterday

The prices quoted below are paid for
stock gathered in the country. while de-
livered in Indianapolis the price will be
cent higher. Heavy breed hens. l3c; Leg
horn breed hens 10c heavy breed cocks.
So; Leghorn breed cocks, &C; colored
broilers, lbs. and up. lac; Leghorn broil-
ers. ia lbs and up 11c: bareback broilers.
ioc; ducks fun feathered and fat, &c:
geese, full feathered and fat. &c; guineas.
f5c each. No strictly fresh eggs. loss OF
ioc Each full case must weigh SIS lbs.
gross. a deduction of 10c a pound under IS
lbs. will be made Butter-No. l. 2Sd29c;
butterfat. 2lc. Quoted by the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10

So FAR this year the indicated
ratio of commercial failures to the
total number of business concerns
in the United States stands at about
10 per cent. The ration was 80
per cent and was, except for the
postwar boomlet years of 1918, 1919,
and 1920, the all-time low. The long
term average is 81 per cent.
High Made in 1878
In the very depressed year of 1882
the ration was 1.53 per cent, which
closely approached the all-time
high of 1.55 per cent during 1873,
another year of extreme economic
depression.
The apparent rise in business
failures this year over 1884 is pri-
marilv a matter of business psy-
chology, it is explained. When bust
ness conditions, and especially SEN
timent, begin to improve, there are
MANY persons who set themselves up
in business on a small capital mar
gin on the bunch that now is the
light tide" to ride the rising eco
nomic tide out of depression.
That many of them lack resources
and therefore fail, is attested by the
rising trend of commercial failures.
This has happened before in pre-
reding depressions, especially the
ones of the 1905 and 1905.
In the prolonged depression OF
the 187Os the tide of detiatlon
brought the commercial failures
percentage to its all time peak OF
/ SIS per cent in 1878, when 1O,4Io
firms out of 674,741 went out Oh
business.
In the ensuing years the COM
mercial failures were low, and when
in 1881 the percentage index began
to rise to II per cent and 10 90
ner cent in 1882 the cyclic upswing
out of depression was well unoer
way.
Retailers Average 6 Per Cent
AS recorded by Dun & Brad
street, Inc, commercial Aoli"A 70 49,
clude bankruptcies Though not
Section 77B cases., abandonments,
foreclosures, executions, judgments
and attachments. The bankrupt
cies. excepting the 77B cases, com
prise about 95 per cent of the fall
ures. The average of retail estao-
lishments runs around 6 per cent:
Excluded from the commercial
failures totals are real estate and all
other brokers. insurance, agents,
clinics, and so on. -,
The percentage of commercial
failures to the total number OF busi-
ness concerns in the United States
is review as follows:
Year Pct. of Year Pct. of Year Pct.o1
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
SERVES FUR INDUSTRY
BIZ Times Special

By TimeS SDectdt
NEW YORK, Aug. 10-The Ed
mund Wright Ginsberg Corp, factors,
subsidiary of Commercial Credit
Co., has concluded arrangements
with Fur Trade Credit Bureau, Inc,
to extend it's services to the fur in
dustry.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
A. 7. & T. INCOME UP
Net Operating Profit in June Totaled
SS44.209.

NEW YORK. Aug. 10.-Net oper-
ating and gross incomes of the
American Telephone & Telegraph
Co. in June exceeded the preceding
month by 100000 and 100000 re-
spectively. it was learned here today.
Net operating income in June
amounted 10 S8443209, compared
with Ss3s.l20 II the same month
last year. ard gross income amount
ed TO ST,4ISs5S9, against $500, LOG.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
OFFER EXCHANGE PLAN
81 Times Spcci0l

CLEVELAND, Aug. 10.-Holders
of 81 cumulative preferred of M. A.
Hanna Co. have been offered plan
providing for exchange of the stock
for new IS cumulative preferred
stock on the basis of one and 1-2O
shares of new stock for each share
of present stock, it was reported
today
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
SET STOCKHOLDERS MEETING

BIZ Times Special
NEW YORK, Aug. 10.-Stock-
holders Of the Panhandle PRODUCE
ing and Refining Co. will meet at
Wilmington, Del, July 25 to vote on
the recapitalization plan, it was an
nounced here today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10

Cases of bankruptcy under Sec
ton 77B of the Federal Bankruptcy
law are not included in the 1884
and 1885 figures. Even if they were,
however, the ratio of failures to
total number of concerns would be
changed, if at all, to negligible
degree. Section 77B cases are not
considered business failures for the
reason that operations do not cease.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
EXPORT IMPORT BANK
DELAYS ITALIAN TRADE
Generally. Unsettled" Conditions
Declared as Reason.
BIZ Unitcd Press

By tHttcd Press
WASHINGTON, Aug. 10.-Due to
the generally unsettled" conditions,
the Export Bank will take
no action on applications filed by
American exporters for credit TO
finance shipments of cotton to Italy,
officials said today.
While the threatened war between
Italy and Ethiopia was not men
toned, it was assumed it played a
part in the decision. Applications
have been filed during the last year
to export cotton to Italian textile
mills, but none has yet been APP
proved because of difficulties" over
financial aspects.
Officials pointed out that all
applications were from American
exporters and that none had been
received from the Italian govern
ment or its official agents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10

A RESOLUTION Outlawing suits
N against the government by
holders of Federal gold clause"
obligations was approved by the
Senate on Thursday following
strenuous opposition by conserva-
tive Democrats and Republicans.
The resolution would permit suits
for six months after its final enact
ment: then the courts would be
closed to any one who considers
he has lost money on his govern
ment obligations because of he de-
valuation of the dollar The meas
IRE now goes back to the House.
President Roosevelt recommended
the action to Congress as part of
his must" program of legislation
after the Supreme Courts decision
upholding the government in the
gold cases The court. however.
left the way open for future suits.
From London comes a report that
British money in circulation last
week reached a new high record of
S2,041 .305 ,285. The highest previous
mark was established last Christ
mas. when the total reached S2.O25.-
$4,000. England is now on the eve
OF the August bank holiday and
this jump in circulation is consid-
cred significant of better conditions
among consumers.
Another cheerful note from the
United Kingdom is an initimation
from the Ministry of Labor that
Forthcoming figures on unemploy-
men al the end of July will be be-
low 100000 for the first time since
July, 1890.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Business Failures Ratio
to Existing Firms Rises
Despite Ubtu1n of Trade
Increase Described as Phenomenon of CyCICa UpSWng
Out of Prolonged Depression; Level at
10 Per Cent Currently.

The commercial failures ration this year rising in the face OF i'm
conditions which
real according examination today of the Dun
failures phenomenon of the cyclic upSwing
prolonged depression
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Sales Tax Tokens Illegal

Issuance of tokens representing fractions Of cent
for in paying sales tares is undWfu, the Treasury
Department lCarned in kilograms sent to officials Of
Colorado, Washington, Illinois and Missouri.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
BLOC CONTROL
OVER BUDGETS
FOUND MENACE
Force Compromise Where
Reciprocity Would Pre-
vail, Economist Says.
By Times Special

by INES Specidt
NEW YORK, Aug. 1o.-There is
no gainsaying the fact that the
budget system is one of our best
mediums of publicity, Scoville Ham
lin, consulting economist, declared
today. 1t shows the relation be-
tween the total proposed expendi-
lures and the total anticipated in
come and furnishes detailed infor-
nation regarding sources of revenue
and departmental expenditures. Fig
ureS for several years are employed
as a basis for comparison.
But this careful method of scru-
tinizing the sources of revenue and
expenditures" Mr.. Hamlin contin-
ued, lis not the machinery for con-
trolling the amount of the budget;
for determining what proportion of
the industrial income can be en-
ployed to advantage each year for
the support of government
The government is not called
upon in advance to decide whether
the total expenditure shall be 49,
30, so or some other percentage of
the national income. 1t is the COM
mon practice of government to first
determine the amount to be eX
pended and then make plans for
raising the revenue required to meet
the proposed expenditures.
All Elements Concerned
Balancing of budgets under mod
ern conditions, is no indication that
government is living within its
means. If the proportion of the in
duStrial income taken in taxation is
so large as to cripple business, gov
eminent and industry both suffer.
They are vitality concerned, there
fore, with the machinery for deter
mining the proportion of industrial
income taken in taxes.
This machinery has been under
going extensive structural change in
this country and abroad. Our Fed
eral legislation originally was a
brake upon government spending.
1t served as the basis of adjustment
between the state and the Federal
government
Economic and political power
were converged into the two Houses
so as to secure the property within
the states against Federal encroach-
ment, against the vote of mere num-
bers, against control by superior
numbers in one or more states,
against the fixing of exemptions by
any one group in such way as to
exclude their own members from
sharing the taxes which they helped
to impose.
THE Federal government adopted
a new income tax law in 1913 and an
estate tax in 1916. simultaneously,
the states increased their taxes on
inheritanceS and began in 1911 to
resort to income taxes. Forty eight
states have invaded the field of con-
sumption taxes, formerly occupied
almost exclusively by the Federal
government. All the states impose
taxes on gasoline. Thirteen make
use of taxes on tobacco. State taxes
on amusements and semi-luXurles
are rapidly increasing.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10

for No soft REQ wheat. Other grades on
their merits Cash corn No. yellow.
IS cents and oats 81 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Steady Financing DeplOred

The steady procession of Treasury
offerings is proving an increasing
aggravation to the government bond
market. Prices remain firm and
close to the peaks solely becau use
there is no liquidation to break them
but investor demand in the market
has been steadily dwindling. In
vestors see no need of going into
the market so long as the Treasury
can be expected to present new
offering every two weeks or so.
Dealers would much prefer that
the Treasury should launch a siza-
BILE piece Of financing and then de-
clare a recess of a month or two. 1t
is pointed out that the practice of
S10O.000,000 offerings from time to
time is little more than a market
nuisance, since it is recognized that
financing at that pace can not keep
up with the rate of government eX-
penditures, thus constantly cloudtng
the horizon with impending offer
ingS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Unlisted Stocks

Reprinted From Yesterday
by Blyth & Co.. Inc
NEW YORK BANK STOCKS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
In Open Conflict

"In place of machinery for con-
have the states and Federal govern
ments in open conflict, each con-
tending for absolute power in the
fields of direct and indirect taxation.
This conflict has opened the doors
wide to bloc control of government
spending.
"A very similar situation holds
abroad. In many countries these
blocs have secured a permanent
place in government assemblies. The
French Chamber of Deputies has
eleven political groups. The Ger
man Reichstag in 1928 had thir-
teen political groups. In this coun-
try we have the farm bloc, the bonus
bloc, the silver bloc, etc. These
bloce make for interminable delays.
They force compromise where reci-
procity would prevail if the demands
of all parties were confined within
the limits of a principle.
THE elimination of protection to
economic power from the assem-
blies of the nation has rendered the
Federal principal unavoidable. We
are faced, therefore, with giving to
the Federal principle an interpreta-
ton suited to a machine economy
and eliminating bloc control of
budgets or adopting a unitary form
of government.
"All tax legislation needs to be
carefully considered in relation to
this all-important choice which the
nation is called upon to make
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Now Command Premium

1t is definitely expected that this
financing will come this month. The
lass have been one of the strong
est spots in the government list for
more than a week. Despite the low
coupon rate. the notes are COM
handing a premium. the current
market being about 100 26-32, re-
ducing the yield to maturity to abou.
III per cent.
The Treasury would have little
trouble, therefore. it is believed, in
placing another half billion of the
issue. The term of less than five
years puts it in favor with institu-
tional investors. The las. although
running only six months longer,
offer a yield at the current market
price of 129 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
TREASURY DEAL
OF 500 MILLION
SEEN IN 0FF|NC
FlOtation of 13s Per Cent
Short Term Notes to BOI-
Ster Cash Expected Soon.

~ iWfs NDfcigl
NEW YORK, Aug. 1O-The pres
ent low cash balance of the Fed
eral Treasury. following the consid-
cradle excess Of oUtGo over income
during July, convinces close fol-
lowers Of the government bond
market that the current program
Of bi-weekly s1OO.OO0,OO0 auction
sales probably will be set aside soon
10 make room for half-billion dol
lar offering. 1T is considered most
likely that such an offering Will in
yOlve short-term securities, posi-
bly, of the a. per cent category, Of
which 1921 100000 was sold not
long ago.
The maturity of the l 3 now out
standing is Dec. Is, 1899 In point
Of maturity that issue comes just
between the 2iss and the 15ss, Of
each of which more than 1885,
100000 is outstanding. 1t is consid-
cred logical that the 1ass would be
increased to. roundly. billion dol
lars in the next Treasury venture
with short term notes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
SHEEP AND LAMBS
D.rnf-se fnNN

Lambs 90 lbs. down. good and
choice Observation-Disclosures. Ss 0OT 90
Medium NEUTRALITY-SUSPICIOUS.. 5.7S3 500
,so-l75 MS Good a7d choice 3.OOa 500
dtar.s .7sa AGO
1I2o-i5ol Good and choice. l.soa AIS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Chicago Grain Futures
(Reprinted From Yesterday
LOCAL CASH MARKEr

Sept. . 1870 1910 1870 1870 1885
tal-Asked: lbl-Bid.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
Local livestock

Reprinted From Yesterday
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-08-10
N. Y. Bonds
Reprinted From Yesterday
tBy Abbott. Proctor 81 Painel
DAILY BOND INDEX


5, by Standard Statistics
Evening star., 1935-02-22
BOY UNDER TEST
IN HEX SLASH|NG
Mental Examination Is Re.
quested by Father-Baby
Victim Recovering.

By the Associated Press.
WILLIAMSPORT, Pa, February
22.-John Fritz, father Of the princi-
pals in the reputed "hex slashing" at
nearby Salladasburg, disclosed today
he had requested . mental examina-
ton for the elder child.
The examination of 5-year-old John
Fritz, jr., who allegedly slashed his
8-month-old brother, James Leroy,
will be- held today at the mental
health clinic here by DR.. Horace ".
Pike. specialist Of Danville State Hos
pital, Danville, Pa.
The little victim, In q hospital with
gashes on his head, Is reported on the
road to recovery.
| District Attorney John @. Young
man meanwhile mapped his plan for
q campaign that he hopes will oust
exponents Of the mystic hex" from
Lycoming County. He asked physi-
clans yesterday to give him names Of
suspected faith healers" and "pow
wowers."
The district attorney says the little
boy was cut In q butcher knife attack
by his older brother after q divine
faith healer" had declared him under
a spell" for which "unfriendly neigh
bors" were blamed.
Evening star., 1935-02-22
jagged WOMAN DIES
IN ALEXANDRIA FIRE
Blaze Sweeps Four Adjoining
Houses in Early Morning
Hours.

BY Stan Correspondent Of The Star.
ALEXANDRIA, Va, February a.
Fire which destroyed four adjoining
two-story frame houses In the 800
block Of Princess street between and
z o'clock this morning brought death
to an aged colored woman occupant
and caused damage estimated at ST.
500 by Fire Chief James Duncan.
The blaze, believed to have orig
mated from an overheated stove in
the house numbered 800, had already
gained headway In No. 3ll when truck
companies and responded to the
call. The IRE spread rapidly to Nos.
s13 and 315.
Fannie Chapman. 10, the colored
woman, who lived in 500, was burned
to death. Her body was discovered
In o kneeling position ct q second floor
window by Capt. Michael Sutton and
Chief Operator J. T. Robey Of truck
company No. I, and carried down a
ladder TO the street. Occupants of
the other houses, all colored, escaped.
although little Of the contents was
saved.
The loss was said to be partially
covered by insurance.
Evening star., 1935-02-22
BROTHERHOOD BACKED
BY RAIL CLERKS, 2 TO |
Collective Bargaining Representa-
ton Voted by 5000 Erie EN-
ployes, Mediator Says.

By the Associated Press.
CLEVELAND. February 22.-The
Brotherhood of Railway Clerks was
designated tonight by q vote Of ap-
proximately 2 to 1 to represent nearly
$500 clerks and station employees Of
the Erie Railroad in collective bar
gaining.
Oficial tabulation of system wide
election was completed here under
Federal Mediator John w. Walsh.
The election, demanded by the broth
erhood, started last Thursday.
The results showed that approxi-
mately 2.100 out Of 3,l00 voting en-
ployes favored representation by the
brotherhood, Walsh said. Walsh de-
clined to disclose the vote by divisions.
Evening star., 1935-02-22

WILLS. GEORGE A. A tribute of love and
devotion to my dear husband and father.
GEORGE A. WILLS. who departed this
life four years ago today. February 20.
1881
Till memory fades and life departs
You will live forever in my heart
Time takes away the edge of grief.
But memory turns back every leaf
HIS DEVOTED WIFE. LAURA WILLS
AND DAUGHTERS. LUCILLE AND
EDNA
Evening star., 1935-02-22

They've the dash and
color that the smart youth
demands this season
And mind you, they've two
pairs of trousers-one with
upper, If desired 80. (Note
the new style back with
yoke and inverted pleat).
Gray, new blue-gray, blue,
gray. dark oxford gray,
brown and tan; also blue
cheviot. Sizes II to 20, or
chest 80 to SO.
Evening star., 1935-02-22
D. c. COMMISSIONERS
BEING DONE IN OIL
Ellie Cheverlange Is Doing Paint
ings as District Emergency
Work Art Project.

The District Commissioners are
being done in oil.
Ellie Cheverlange, portrait painter.
who has pursued his art in most Of
the countries Of the world, Is having
the Commissioners pose for paintings.
He started with Commissioner George
Allen, then turned to Lieut.. Col. Dan
I. Sultan, Engineer Commissioner.
Melvin c. Hazen. president of the
board, is next.
The work is being done as one Of the
District emergency works art projects.
When finished the three large oils will
be framed and hung on walls Of cor
ridors Of the District Building, along
with pictures of former District heads.
Cheverlange studied art in famous
schools in Paris as well as in New
York. He is French and served in the
World War
Evening star., 1935-02-22
Norman Thomas to Sneak.

Norman Thomas, leader of the
socialist party and candidate for
President in 1892, will deliver an ad-
dress tonight in the hall of Almas
Temple Of the Shrine. 1915 K street,
at D O'Clock. He will discuss
Americas Way Out"
Evening star., 1935-02-22
Dratha.

WILLIAMS. MAMIE. On wednesday.
February 20. 1888. MAMIE WILLIAMS.
devoted mother Of Carrie Williams and
Hilds Jackson. sister Of Louise Wells
and Alice Jones. Remains resting at
the W. Ernest Jarvis funeral church.
1892 You st. NV. Funeral Saturday.
above funeral church. Interment Rose.
mont Cemetery
WOOD. MARIA. On Wednesday. Feb
ruary 20. 1898. at her residence. 81
Pierce St; NV. MARIA. beloved wife
Of Daniel Wood mother Of Leo and
Daniel Wood. jr.; sister Of Alexander
Digs, Catherine Galloway and Eliza.
beth Digs Of Baltimore. Nd; aunt OF
Francis. Elsie. and Thelms. johnson;
one grandchild. Ethel v. Jackson, Re:
mains resting at Stewart's funeral
home. 80 H ST. ne. Notice Of funeral
later. 20
WOODLEY. SOLOMON. Entered into eter.
to mourn their loss a brother. Walter; .
devoted friend and many other friends.
Remains resting at George B. Clarke's
funeral parlor, 1416 Fla. ave. ne. No
tice of funeral hereafter.
Evening star., 1935-02-22
FOUND.

BRING OR REPORT DESERTED ANIMALS
to the Animal Protective Association $500
Wisconsin ave. NV. Phone Emerson 6941.
FOR LOST OR WANTED ANIMALS. apply
Animal Rescue League. II O gt. nv.
Phone North $3.50.
Evening star., 1935-05-03
ALASKAN EPIDEMIC
Believed ON WANE
Toll of Eight Dead Cited by
Doctor Fighting In.
huenza.

By the Associated Press.
POINT BARROW, Alaska. May g.
Fighting heroic battle In the small
quarters Of the Presbyterian Mission
Hospital here. DR.. Henry w. Griest
expressed the belief today Point Bar
row had seen the worst of an influenza
epidemic which claimed eight lives in
the past 10 days.
There are encouraging signs of an
early improvement in the situation
here, although 1 do not know whether
Wainwright and other communities to
the south have been hit" the vet
eran physician said.
DR.. GrieSt, the only white doctor in
this most northerly settlement of the
United States, his two graduate nurses
and native helper, still were weary
with little sleep from their almost
incessant fight.
With only eight beds in the hos
pital, the sick were placed in any
place possible for care. When timely
aid was expected in the arrival OF
vaccines, an airplane brought the
wrong supplies from the south.
One of the white persons taken Ill
was z. o. Mcdonnell of New York
vice president of the Pan-American
Airways. who was here on a hunting
trip. He recovered. DIR. Griest and
his assistants also became moderately
Ill. @&