davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
SPRING PAINT TRADE
SEEN AT 1880 PACE
Expansion During 1884 Has Been
Gradual, but General, Study Says.

Expansion During 1884 Has Been
Gradual, but General, Study Says.
By Times Special
NEW YORK, Jan. 9.-As a result
of the general business improve
ment and home modernization cam
paigns, opinion is unanimous re-
garding a more abrupt increase in
both production and distribution in
the paint trade during the early part
of 1885, Dun 65 Bradstreet, Inc,
declared today.
Orders to date are for prelim-
mary stocks, the review said, but
judging from the frequency of in
quiries recorders doubtless will ex-
coed the number booked for any
spring in three or four years.
Expansion in the industry during
1884 was gradual and general, with
the exception of few dull months
during the summer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
ADOPTS INSURANCE PLAN
Sargent Gerke Co. Will Aid All
Workers Under Program.

The Sargent-Gerke Co., Indian
spolis paint manufacturer, an
nounces the adoption Of a wholesale
life insurance program for the bene-
1T Of all eligible employees.
The Metropolitan Life Insurance
Co. is administering the plan on a
cooperative basis. employer and
employe sharing the cost. Individ-
ual amounts of life insurance pro-
videC by the plan will vary accord
ing TO grade.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
u. S. TREASURY
CONSIDERS new
FINANCING PLAN
9-BiIIion-DoIIar Program to
Meet Budget Is
Studied.
BY RICHARD L. GRIDLEY
United Press Stan Correspondent

WASHINGTON, Jan. ga new
100000, 900 Government financing
program to meet President ROose-
velt's budget estimates for the next
six months was being planned today
by Treasury officials.
To meet proposed expenditures of
$500O,000 900 in the next six months,
the Treasury expects to collect only
81 900,OO0000 from taxes and other
sources, leaving $3,1OO,000,0o to be
borrowed
In addition, $6,291 ,6O2 800 IN Cow
eminent obligations fall due in this
period and must be refunded into
new issues. Total new borrowings
and refundings, hence may reach
slightly more than S9,00000O,0OO.
Tax Collections Mount
The bureau of internal revenue
has reported a billion dollar gain in
tax collections for the fiscal year
ended June 80, 1884, over the pre-
ceding year and continued small
gains in the current year. Collec-
tions, however, still we're falling far
short of expenditures.
Total tax collections in the 1884
fiscal year rose to $2,672, 239 1875 from
1913, 1924 in 1893. The budget
estimated collections for the current
fiscal year ending June 30, 1885, at
SO 1877 1885, 07 and in the fiscal year
ended June so, 1886, at So, 443 $780,
coo.
Increased business activity, new
and increased taxes, especially on
beer and liquor, and a back tax COL
lection campaign accounted for the
gain in collections in the 1884 fiscal
year.
Expenditures for the fiscal year
ending June 30, 1885, were estimated
at 1881, 069,026. Only $3,545,017,914
had been spent to the end of De-
Cember. This leaves $5,O36, O51, 112 to
be spent over the next six months.
May Set Record
President Roosevelt hopes these
expenditures, unequaled in peace
time will mark the climax of recov-
cry and relief drive to be followed
by a gentle whiting down of ex-
penditureS.
The financing program planned
for the next six months would in
crease the public debt an all-time
record of between $31, O0O, 900, 900 and
$31 ,6O0,OOO,OOO. A contemplated ex-
cess Of expenditures over income in
the fiscal year, as set forth in the
budget, would carry it to a still
further peak of $34,238,823,656 on
June 30, 1886.
The $5,0O0,OOO,00O estimated ex-
penditureS over the next six months
comprise $1,600,OOOOOO for regular
costs of running the Government
and $3,400,OOO,OOO for recovery and
relief.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
WHEAT DEPRESSED
BY new LIQUIDATION
Tired Eastern Longs Sell;
Alien News BuIIiSh.
BIZ United Press


By United Press
CHICAGO, Jan. 9.-Moderate
liquidation by tired Eastern longs
depressed wheat futures on the
Board of Trade today in spite of
bullish news from abroad.
At the start wheat was unchanged
to off Il, oats we're y higher to Is
cent lower, and rye was off z to q
cent.
A sale of two cargoes of Aus
tralian wheatr to the Orient firmed
wheat at Liverpool, but this item
virtually was ignored by the trade
here.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
ORDERS RISE SHARPLY

CINCINNATI, O., Jan. 9.-Orders
for Crosley shelvador electric re-
frigerators placed at the midwinter
meeting of Crosley distributors held
here last week we're more than three
times as great as those placed at
the meeting held year ago, How
ard E. Richardson, assistant to the
president of the Crosley Radio
Corp, announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09

OF getting sufficient
support 70 enact it
into law.
The bankers
charge that these
bonds constitute an
unnecessary expense
and that banks &C
cepting such depos-
its suffer a loss on
the handling Of the
money because of
them. They make
the point also that
the precedent set by
the state IS causing
n7apv cities IN de-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
WORLD COTTON YIELD
LAST YEAR DECREASED
Output 100000 Bales Less Than in
1888, Report States.
By United Press


WASHINGTON, Jan. 9.-World
cotton production last year totaled
100000 bales, 100000 bales less
than in 1888, the Bureau of Agricul-
tural Economics estimated today.
The estimate was 5000 bales be-
low the crop indicated in November,
chiefly because of reduced prospects
in India. Allowance was made,
however, for a 100,000-bale increase
in both the United States and
Southern Brazilian crops since No
vember. The indicated world crop
is he smallest since 1923-24.
Exports of American cotton, the
bureau reported, continued COM
paratively small during November
and the first half of December No
vember shipments were nearly SO
per cent less than in 1888 and the
smallest for that month since 1913.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Produce Markets

Delivered in Indianapolis prices: Heavy
hens. l2c; ,Leghorn hens. 7c; colorred
geese. 7c; young guineas zoe; old guineas
15c; Turkeys = No. l Young hens, lbs;
and over 15c; Young toms, IA lbs and
9 crooked breasts and thin turkeys. &c;
old toms, all weights, lie. No. strictly
Each full case must weight SIS lbs. gross;
a deduction Of loo a pound for each
pound under SIS lbs. will be made. Butter.
No. l 35d36c. Butterfat-28c. Quoted BY
the Wadley Co.
(By United Press
CLEVELAND, Jan. 9-Butter-Market
steady; extras, 36c: standards. 95c. Eggs
Market steady; extra white, 29c; current
receipts, 26l &c. No poultry or potatoes
market because of strike.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
NEW AIR ROUTE AIMED
American Air Lines TO Inaugurate
Coast to Coast Service.
BIZ Times Special


CHICAGO CHICAGO, Jan. O.
American Ar lines will link New
York and Los Angeles with a new
southern tranScOntinental air route
on Jan. IS and IA, C. R. Smith,
president of the company, an
nounced today. It will open the
first commercial gateway through
Washington to the southwest and
Pacific Coast.
The new service provides, the ma
tons capital and such maj or cities
as Nashville, Memphis. Dallas, Fit.
Worth, e. PaSo, Tucson and Phoe-
nix with direct transcontinental
service for the first time.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
GOLD IMPORTS LOWER
By Times Special

By L imeS Special
WASHINGTON, Jan. 9.-Gold
imports in the Dec. % week came to
$10,650,873, contrasted with $27 1884,
$50 in the preceding week, accord
ing to the Department of Commerce.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Hides and Skins

Hides-Green country cows and steers.
&c fat; green country bulls and CLUES,
2lac fit; green country calf hides, 4lac;
horse hides with full heads. shanks. names
and tails $275. medium size 50 Is. All No.
2 grade horse hides, soc less; Clues and
ponies half price. No. l rendered tallow.
4641ac: No 2 at value. Yellow grease.
312@3%c; dark grease. 363Ac.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Wall ST..
Bankers Will Try to
End Surety on
Funds.
by RALPH HENDERSON, =
LINES special Writer

NEW YORK. Jan. 9.-Another
~ attempt viii be made this year
BY some Of the leading bankers Of
New York 70 eliminate the necessity
Of providing surety bonds to cover
deposits Of the state. 1t was learned
this week on excellent authority. A
bill TO that effect is being prepared
for submission TO the Legislature in
Albany and its sponsors are hopeful
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
ASSETS ON INCREASE

Net assets of the Lehman Corp.
at the end of the six month period
ended Dec. 81 last, totaled $50,
084, an increase Of $5,474,182 over
the six months period ended Dec
81, 1888, it was disclosed today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
WILL SELL EQUIPMENT

On Jan. % the Industrial Plants
Corp. will sell all of the machinery.
equipment, tools. supplies, ETC., Of
the Sidway-Topliff Co. of Elkhart,
Ind. it was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Japanese Automobiles
VIII Appear ON Roads
of Continent This Year
Having Invaded England With Textiles and the World
With Toys Nippon Now Plans on Bigger
Things, SimmS Reveals.
BY WILLIAM PHILIP SIMMS
Scripps- Howard Foreign Editor

WASHINGTON, Jan. 9.-This year. for the first time
will Japanese automobiles rolling through the streets
of Europe.
This means that the japanese juggenaut of trade is
resstby moving down the world highway and what many
have believed impossible may nevertheless soon come true
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
LOCAL CASH MARKET

City grain elevators are paying SO cents
for No. soft red wheat. Other grades
on their merits. Cash corn No. yellow
Sc cents and oats AZ cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Other Livestock
lRY United Pressl

FIT. WAYNE. Jan. 9.-Hogs. SC to 1Oc
higher; 25O-3OO lbs. So; 225-25O lbs. $3.50;
2O0-225 lbs, $3.50; 10000 lbs. $40: 160-
lbs. 140-150 lbs, $780, 13O140 lbs, 1925;
l2O-130 lbs Sc 1OO-120 lbs. $3.50; roughs,
$3.50: stays. $3.50; calves. $3.50; lambs,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09

Having invaded India, and
even England, with her tex
tiles, and flooded the stores Of
all nations with her bicycles,
toys and smaller trinkets,
Nippon is now headed toward
bigger things.
The Nissen Japan industry Au-
tomobile Co., early this year will
fill two orders for Europe, one Of
500 cars for Germany, another of
400 for Holland.
Price Only $3.50
The cars ordered are the small
Datsuns. These are similar in size
to the Austins ard the Morris
Minors. But whereas the Austin is
priced at 40 pounds-about $7OO-
the DatSun is made to sci for about
$3.50. The Japanese makers claim
their product is not only more eco
nomical in the use of gasoline but
superior in hill-Climbing.
Most foreigners seem to think
Japan'S bid for world trade is based
on only one thing, namely, cheap
labor" an American business man
told the writer in Toxic last spring.
He was talking at the time about
how Japan was ousting British tex
tiles from many markets, including
her own.
THE truth" he said, "is alto
gether different. And it is this diff
ference which makes Nippon all the
more dangerous as a commercial
rival
Modern Machinery Used
mot only is Japan using the most
up-to-date machinery, but her en-
gineers have added improvements
of their own. One japanese girl
can tend nearly twice as many
looms as is the rule in British or
American mills. If you add to mod,
ern methods cheap labor, direct
and indirect government subsidies
and an aggressive, worldwide SELL
ing and distributing setup, you've
got something hard to beat.
IF and when the day comes that
Japan has her own complete in
stallation for chain or. quantity pro-
duction, such as is in vogue in the
United States, there is no reason to
think she can not make her gran
dioSe dream come true"
Nippon's "grandiose dream" is to
make herself the Great Britain of
the Orient.
Britain Did 1t
Great Britain became the richest
nation on earth by importing raw
materials, manufacturing them into
finished goods and exporting them,
in British bottoms, to all the world.
When Japan first talked of dupli-
eating Britain's success, economists
said she was so years too late. Brit
ain herself is slipping, they observed.
And most of her ills are traceable to
the fact that the other nations to
which she used to ship her goods
are now manufacturing everything
they need with some left over for
export in competition with her.
Now there are those who admit
Japana may have found a new tech
nique. If she can manufacture
things SO cheaply that they can pay
high duties and still undersell do
nestle products, it will be difficult
to keep her from doing so, A vir-
tual embargo-in itself an I'M
and provoking act
seems almost the only effective rem
edy.
Not long ago the world was very
much alarmed lest Soviet Russia
swamp foreign markets with cheap
products. Today the earth's most
nation is the one that
is arousing fear, not Russia.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09

Washington. Jan. 9.-Government eX-
penses and receipts for the current fiscal
year:
This Year Last Year.
Expenses So SIC. $50 80 50, 92l ,009 424. 81
Receipts. 1920,6l0 665.23 1923. 78l, 1875. q
Deficit o.. 1.755, GAS, 71016 1892, 227, 629. so
Cash Bal. 2524, 431, 265.08 802, 697, 458.30
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09


mand similar protection, and they
fear that the practice may spread
even to corporations and other large
depositors.
Despite the fact that other de-
positOrs receive no interest on de-
mand deposits, the state extracts
one-half per cent on its lepOsits.
The surety bonds cost anO,her one
half per cent, and the banks are
obliged to set aside another addi-
tiOnal I3 per cent as reserve. Be
cause these deposits may be with
drawn at any time, the banks are
Obliged to place the funds in the call
loan market. where the average net
return at this time is about = or 3
per cent, or in some other securities
which can be quickly liquidated and
which bear a similarly low rate OF
interest.
IN other words, the banks can loan
Il but 81 cents out of every dollar
deposited by the state, and they re-
ceive less than per cent interest on
the loans. The interest paid, plus
the premiums on the bonds,
amounts to 1 per cent, and over
head and the cost of handling the
transactions adds further to the loss
on the business. This loss, it is con-
tended, must be absorbed by such
profits as are made on other de-
posts. and the net result is to lessen
the protection afforded other de-
pOsitorS.
Closer cooperation between the
state departments having to do with
depositing the states money and
making the banking examinations
would eliminate any danger of loss
through failures, it is cOntended.
The superintendent of banks can
call for a statement of any bank
whenever he desires, and this priv
ilege, together with the fact that
state deposits always get preference
III repayments in case of failure,
gives the state a big advantage over
other depOSitOrS.
TINE question quite naturally
i arises as to why bankers seek
state deposits if they prove I'M
profitable. The answer, the bankers
say, is that these deposits are profit
able in times of high interest rates,
and that if they do not carry them
when conditions are unfavorable
they are unlikely to get them when
they are favorable.
The argument seems to simmer
down to a point of where one state
department lacks confidence in an
other state department and de-
mands a bond from private inter-
ests to protect the funds entrusted
to it. The banks are forced to pay a
premium for government insurance
on their deposits up to $4,000, but the
person, corporation or municipality
with deposits above that figure may
well ask who is guarding their in
tereSts.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Ne1O York Bond Quotations
Reprinted from yesterday
DAILY BOND INDEX
U. S. GOVERNMENT BONDS
lBv United Press

NEW YORK. Jan. S-Closing United
States Government bonds tin thirty
seconds:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT
nv United PreSs)

earrings Observation-Disclosures. ,061 900 90
bits Observation-Disclosures. ,942 900 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09

(By James E. Bennett)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-09

Latest Stock, Bond and
Commodity Quotations
Evening star., 1935-12-21
v. v. HOXTOND|ES
RESERVE OFFICIAL
Had Returned to Richmond
Office Last Week After
Weeks Illness.
BY the Associated Press.

q
RICHMOND, Va. December 21.-
William Winslow Hoxton. 64, chair
man of the Board of the Federal
Reserve Bank of Richmond and Rich
mond agent of the Federal Reserve
Board, died last evening at his home
here.
Death resulted from heart trouble
He had been i'll under the care of uis
physician for three weeks. A week
ago, however he returned to his office
apparently in regained health.
Mr.. HoXton was born in Jefferson
County, w. Va, May 20, 1871, the
son of Col. Llewellyn Hoxton, c. S. A.
and Mrs. Frank Robinson Hoxton.
Educated in Alexandria.
Mr.. HoXton was educated at Epis-
copal High School, Alexandria, where
his father was for a long time head.
master. After finishing school, hs
taught for a time at Trinity Hall
Louisville, KY, and at the Episcopa
High School.
In 1894 Mr. HoXton went to st
Louis as newspaper and magazine
writer, and here became assistan
manager of the st. Louis Clearing
House Association in 1897, becoming
manager in 1906.
When the Federal Reserve Banl
system was founded in 1914, Mr.
Hoxton was chosen deputy governo
of the Federal Reserve Bank of ST
Evening star., 1935-12-21
GILES S. RAJ TER
SUCCUMbS HERE
Retired Principal Examiner
of Patent Office to Be
Buried Monday.

Giles Scott Rafter, rs. retired prin-
cipal examiner at the Patent ONCE,
died yesterday at his home, 2434
Thirty-ninth street, after long ILL
ness.
Mr.. Rafter was retired three years
ago after total service of 40 years
and IL months. He had been granted
two extensions Of two years each after
reaching the retirement age. Due
to frequent shortage of Patent ONCE
examiners and his devotion to duty
he often had worked years without
vacation. He was known as one of
the most beloved persons at the Patent
Office. Outside the office his principal
hobbies were reading and chess. He
was for many years a member of the
Washington Chess Club. While failing
health had for some time kept him
from visiting the club, number Of
members frequently went to his home
to play the game with him.
Graduated in Law.
A native of West Winfield, N. Y,
Mr.. Rafter early in life studied law
in the Office of his brother, the late
James E. Rafter, at Mohawk, N. Y,
and later studied in the office of an
other brother, the late Judge Emmett
Rafter, at Holton Kans. Subsequently
he was graduated in law from the
National University Law School.
The youngest of family of II, Mr..
Rafter was the son of the late John
Evening star., 1935-12-21

Louis. After five years he was ad-
vanced to general secretary OF the
Federal Reserve Board in washington
where he stayed until 1928.
The Federal Reserve Board sent him
to Richmond as its agent and as chair
man of the Fifth District Board in
1928. and he has been in that position
continuously since.
Twice Married.
Mr.. Hoxton was married twice. His
first wife, who was Miss Abbie Frances
Haines of st. Louis. died in 1902, and
he was married September 10, 1904,
to Miss Mabel Fraser Pearson OF
Nottingham, England.
He is survived by his second wife,
Mrs. Mabel Fraser Hoxton, and by
two children of his first marriage,
Llewellyn Kennerley Hoxton of Rich
mond and Mrs. Clarence j. Robinson
of Alexandria. Two brothers, A. r.
Hoxton, the present headmaster of the
Episcopal High School, and DR.,
Llewellyn G. Hoxton of the University
of Virginia faculty, also survive him
as we'll as sister, Mrs George Stewart
of Alexandria.
Evening star., 1935-12-21

and Winifred Rafter. Four of his six
brothers were lawyers.
He was married here in 1885. His
wife, Mrs. Mary Elizabeth Rafter, long
has been prominent in the District
Congress of Parents and Teachers.
which she helped organize and served
16 years as president. Upon her re-
tirement from the latter Office she
was elected honorary president of the
congress for life.
Mrs. Rafter, native Of Maryland,
before her marriage, was Miss Con-
nell. She is a descendant Of an old
Maryland family.
Survivors Live Here.
Besides his wife, Mr.. Rafter leaves
a son, Case Broderick Rafter of this
city, and two grandsons, Eric Rafter,
a sophomore at Dartmouth, and John
Grant Rafter, a student at the Gun
merry School, Washington, Conn.
Private funeral services will be held
in Fort Lincoln Cemetery at II am.
Monday. Rev. DR.. Charles T. Warner,
rector of st. Adams Episcopal Church,
will officiate.
Evening star., 1935-12-21
STORM CRIPPLES SHIP

Freighter Ethan Allen Being
Towed to japanese Port.
SAN FRANCISCO, December 81
(P.-Globe Wireless reported here
yesterday that the freighter Ethan
Allen, damaged in Pacific storm, is
proceeding toward Kobe, Japan, un-
der tow by the Norwegian motor ship
G. C. Broevig.
Messages from the steamer Shelton,
which stood by the craft as it lay help
less in the waves, said the chief dam
age was loss of its rudder.
The Ethan Allen sailed from Los
Angeles November 27, bound for Yo-
kohama. The storm struck her about
750 miles off the Japan coast.
Evening star., 1935-12-21
ROBLES TRIAL NEARING
Arizona Kidnap Prisoner Faces

Arizona Kidnap Prisoner Faces
Mail Charge in January.
TUCSON, Ariz., December 81 R).-
The Federal Department of Justice
has indicated the June Robles kid
naping case will be brought into United
States District Court late in January.
Oscar Robson, former night club
proprietor of Tucson, is under indict-
ment in the case on charge of using
the United States mail in an attempt
to extort.
Secrecy surrounded recent inves-
tigation of the kidnapping. which oc-
Cured in the Spring of 1884 and
ended in abandonment of the little
girl, chained in desert pit, without
collection of ransom. She was found
unharmed.
Evening star., 1935-12-21

Your formal garments will
be fresh and at their best
if you have them dry
cleaned by our thorough
dry cleaning service. The
cleaning of eve min g
gowns. wraps, tuxedos and
formal dress requires spe-
cial knowledge and care
full attention. Prices are
moderate, especially con-
sidering the special care
necessary.
Evening Gowns, plain-------Sl.s0
Evening Gowns,
trimmed from $l7S
Evening Gowns. velvet, plain, $2.25
Evening Gowns, velvet,
trimmed -----------$3
Evening Wraps, short, no
Evening Wraps, full length
no fur $3.50
Evening Wraps, full length,
with fur ---------- from s.
Evening Wraps, velvet, short,
no fur --------$1.75
Evening Wraps, velvet, full
length, no ur-------S3
Evening Wraps, velvet, full
length, with fur from 81
Tuxedos or Full Dress Suits,
2 pieces A.2S
Tuxedos or Full Dress Suits.
pieces -----------S Sl-S0
Day CLEANING RECEIVING DESK,
11TH AND G STREETS CORNER,
FIRST FLOOR.