davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
TAX EXEMPTION
SLASH is URGED
ON LEGISLATORS
State Board Submits List of
Recommendations to
Assembly.

Five Communications for taxing
reform, including suggestion for
reduction in exemptions, today we're
laid before members of the Indiana
General Assembly by the State Tax
Board.
The tax commissioners pointed
out that the Constitution does not
exempt any property, but merely
provides for exemption.
1t seems that every session Of
the Legislature adds to the list of
exemptions" the tax board observes.
Millions Of dollars worth of prop
erty owned by religious, fraternal
and educa tional organizations now
is exempt. The board recommended
that the number of exemptions be
reduced to conform to the actual in
tent of the Constitution.
Over Reforms Are Urged
other recommendations urge that
the tax board power of review and
reassessment be broadened to per-
NIT the board, after proper notice
to correct assessments any time
prior TO the first Monday in Novem-
Der Of each year; an amendment
giving the board authority to make
its orders affect any taxing unit
where the valuations are out of line
with others in the same class: an
amendment to permit the board to
equalize all property. real and per-
sonal, every year; change in date
for reaSsessment of real estate from
1886 to 1897 and every four years
thereafter.
A proposal for abolition of half of
the states 1915 townships is expect
ed to be made by the economy COM
mission report. which has not yet
been made public by Gov. McNutt.
The House bill, introduced by
Rep Morris H. Coers ID, Indianap-
olis) and Rep. Carl E. NJ. Woodland
Cd, Michigan City, prohibiting
public utilities from engaging in
subsidiary business, is scheduled for
a vote Monday in the House.
Strong Opposition Develops
Strong opposition to the measure,
which would compel utilities to close
electric appliance stores operated by
them end turn the operation of
radio stations over to private con-
Germs, developed before the House
Judiciary B Committee, but the
sponsors succeeded in persuading
the committee to agree upon a ia
vorable report.
In Indianapolis the bill would af-
feet operation of Radio Station
WFBM by the Indianapolis Power
6S Light Co.
Reps. COers and Woodland argued
that the engagement of utilities in
the subsidiary business is unfair to
small business.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
MONEY-BACK
GLAND TONIC
Restores Vigorous Health

We guarantee to restore your pep,
vigor, vitality; or we refund every cent.
That's how sure we are that we have
the best gland remedy known. Thou
sands of tests have proved this to
our full satisfaction: Now WITHOUT
RISK, you can prove it to yours.
Glendage is the last word in modern
science In convenient tablet form
Glendage contains extracts from the
glands of healthy animals. The effect
is astonishing, almost magical You
feel and look years younger! Your in
terest in life returns. Vigorous health
is necessary for success in all activity
today!
Do not confuse Glendage with other
so-called gland remedies. 1t is entirely
unlike others-IS A REAL GLAND
PRODUCT and carries an UNLIMITED
GUARANTEE OF SATISFACTION OR
MONEY BACK. You owe it to your
self and family to try this new day
gland remedy. 30-day treatment, So.
at the Hook Drug Co.-Advertisement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
Unemployment Insurance
and 0!d-Age Pensions
in Plans.
Continued From Page Onel

probably beginning at the age of IS
years.
The old age security program is
in three sections:
/. Non-contributory old age pen
sions. maximum $50 a month.
2. Compulsory contributor an
nuities, minimum SIS a month.
3. Voluntary old age annuities to
be sold by the Government, maxi
mum $50 a month.
All would be applicable on retire
ment of the worker at the age of
65 or more years. Non-contributor
pensions would meet the problem of
those now old and without means
of support. The committee said
many states could not assume the
financial burden of pensions with
out assistance and, therefore,
recommended that the Federal
Government pay one-half the cost
of these pensions. but not more
than SIS a month for any indi-
vidual.
Benefit to Constitute Lien
States would be permitted TO es-
tablish property and income limi-
tations upon the pension systems
but:
mo aged person otherwise eligible
may be denied a pension whose
property does not exceed $1,000 in
value or whose income is not larger
than is necessary for a reasonable
subsistence compatible with decency
and health"
States may maintain an age
limit of 10 years to Jan. l. 1910,
thereafter reducing it to IS years.
Federal benefits shall constitute a
lien on the estate of the aged re-
cipient and upon his death the
state shall enforce the lien and
make the refund to the Federal
Treasury. The committee said its
objective was:
ITO give to all dependent aged
persons not in need of institutional
care a decent subsistence in their
own homes"
Term Work Preferable
I'VE regard work as preferable to
other forms of relief where pos
Sible," said the committee in its re-
port. while We favor unemploy-
ment compensation in cash, we be-
lieve that it should be provided for
limited periods on contractual
basis and without Government sub
sides. Public funds should be de-
voted to providing work, rather
than to introduce a relief element
into what should be strictly an in
surance system"
1T would be desirable" the re-
port continued, ito extend Federal
loans at low rates of interest to
states and local government for en-
ployment purposes. Such loans,
once established, should be on
-liquidating basis, and should
become a revolving fund to be used
over and over again as loans are
repaid"
Going into detail on its unem-
ployment compensation proposals,
the committee reported to Mr..
Roosevelt as follows:
Unemployment compensation, as
we conceive It. is a front line of de-
Tense, especially valuable for those
who are ordinarily steadily en-
ployed, but beneficial also in main
tanning purchasing power in de-
preston time. While it will not di-
rectly benefit those now unem-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17

ploved until they are reabsorbed in
industry, it should be instituted at
the earliest possible date to increase
the security Of all who are en-
ployed.
Administration to States
I'VE believe that the states
should administer unemployment
compensation, assisted by the Fed
eral Government. We recommend
as essential the imposition Of a
uniform pay roll tax against which
credits shall be allowed to indus
tries (Which have contributed to
unemployment insurance funds in
states that shall have passed COM
pulsory unemployment compenSa-
ton laws"
Through such a uniform pay
roll tax" the committee continued
1t will be possible to remove the
unfair competitive advantage that
employers operating in states which
have failed to adopt compensation
systems enjoy over employers oper-
ating in states which give such pro-
lection to their wage earners.
I'VE believe also that it is essen
tial that the Federal Government
assume responsibility for safeguard
ing, investing, and liquidating all
reserve funds, in order that these
reserves may be utilized to pro-
mote economic stability and to
avoid dangers inherent in their I'M
controlled investment and liquida-
ton. We believe, further, that the
Federal act should require high adj
ministrative standards, but should
leave wide latitude to the states in
other respects, as we deem varied
experience necessary within par
ticular provisions in unemployment
compensation laws in order to con-
clude what types are most prac-
ticable in this country"
No Minimum Assumed
"In the basis calculations of our
actuaries,' the report went on, "a
waiting period of four weeks, so
per cent compensation rate and a
maximum of SIS a week, but no
minimum, we're assumed.
1--WE suggest to the states in
framing their laws that on the
basis of per cent contribution
rate the maximum benefit period
can not safely exceed 16 weeks and
should be reduced to Is weeks, if it
is desired to give workers who have
been long employed without draw
ing benefits an additional (maxi-
NUM- week of compensation for
each six months they have been
employed without drawing benefits,
up to a maximum of 10 additional
weeks"
Extended cash benefit seems to
lis far less desirable than work
benefits" said the committee, land
we recommend that an employee,
after he has exhausted his contrac-
tual rights, be certified to the
authorities in charge of the Fed
eral work program as entitled to a
shall entitle the unemployed in
sured worker. who has exhausted
his cash benefits, to employment on
any available public employment
project.
Freedom to States
THE state should make all con-
tributions compulsory and may re-
ouire them from employers alone,
or from employers and employees,
with or without constitution by
the state government. The states
should nave freedom in determin-
ing their own waiting periods, bene-
fit rates, maximum benefit periods,
etc. We suggest caution lest they
insert in their laws benefit provi-
sions in excess of collections"
I'VE earnestly recommend prompt
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17

Mutt. Similar bills have failed in
previous sessions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
ChiropraciorS' Bill

A bill which would put chiroprac-
tors under a board of examiners sep
arate from the medical profession
was introduced in the House yes
terday by Rep. Balthasar Hoffman
Cd, Valparaiso. The board would
be appointed by Gov. Paul V. Nc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
HEALTH INSURANCE is
OPPOSED BY PHYSICIAN
SOcialized Medicine Also Fought by
South Bend Man.

Physicians were urged to battle
against legislation for health in
surance and socialized medicine by
DR.. R. L. Sensenich, South Bend, at
the indianapolis Medical Society
meeting last night. DR.. Sensenich
said that his own observations con-
vinced him that such laws in force
in Europe did not benefit either the
patients or the profession.
The speaker, however, said that
the French plan of enabling poor
persons to select their own physi-
clans with the Government paying
part of the fees seemed practical.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17

ganizer for the American Fedora
ton of Labor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17

Prof. Clyde R. White. director of
the Indiana University Bureau of
Social Research and Training
School for Social Work. will speak
on Social Insurance and Economic
Security before the Exchange Club
at noon tomorrow in the Washing
ton
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
Dentists Bill Favored

The House bill offered by Rep.
Robert L. Stanton Cd. East Chi
cago) abolishing the SITS annual
registration fee for dentists was
favorably reported by the House
State Medicine and Public Health
Committee.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
100000 Fire Sweeps Docks
By United Press

by UNlt6U Pf65S
CHICAGO, Jan. 17.-Fire whipped
by a 50-mile-an-hour wind swept
through almost two blocks of freight
docks on the southwestern edge of
the loop today, with damage esti-
mated as high as 100000. A
Waterman, Edward McHale, SO, was
killed by smoke.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
MURPHY'S TO SPEND
$1,000 FOR EXPANSION

for Work on Store.
A program of redecorating ano
expansion of the G. c. Murphy Co.
Al N. Illinois-st, at a cost of approx
imately $1,000 was announced today
by Kenneth Paxton, general man
ager of the store. The William
Barrare Co., local contractors, have
been given the contract.
Mr.. Paxton said that expansion
was made possible by the "a per
cent gain in 1884 over 1888 sales. He
also announced the appointment of
William D. Harnack as manager of
the basement restaurant.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
SINCLAIR REELECTED
BY CITY ART GROUP
N. Booth Harrington Is Elected
Vice President.

Robert S. Sinclair, 1886 Spring
Hollow-rd, has been reelected
president of the Friends of Ameri-
can Art, an Indianapolis organiza-
ton, it was announced today. Other
officers are N. Booth Harrington
vice. president; Miss Grace Speer
secretary, and Albert Zoller, treas
urer. Also reelected were Mrs. AL
bert j. Beveridge and Will G. IT.
win, Columbus, Ind, as directors.
The organization has purchased
many valuable works of art as gifts
for the John Heron Art Institute,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-17
MANUAL SENIORS TO
OBSERVE CLASS DAY
Skit Features Program at High
School Today.


School Today.
The January graduating class of
Manual Training High School was
to observe Glass Day this afternoon
in the school auditorium. A skit,
Manuals Hall of Fame" was
scheduled as the feature of the pro-
gram.
These seniors were to participate
in the program:
Virgil Dampier, Max Harris, Rob-
ert Cain, Stanley Jones, Emma
Blosser, Ira Hadley, Edward Hoyt,
Florence Mills, Ray Rugenstein,
Wilbur Patrick, Harry Walker,
Joseph Fogle, Dan VEGA, Paul Flick,
Dorine Lockhart, Mary Aldea, Rose
Resnick, Frieda Greenwald, Carroll,
Sexton and Oramel Skinner.
Evening star., 1935-06-03
US. DEFICIT RISES
TO S,13,471,@
Huge Figure Still Below
Presidents Estimates
for Period.
BY the Associated Press.

By the Associated Press.
The Treasury summed up It's finan-
cial situation for the first IL
months of the year ending this month
and discovered it had gone "in the
red" s3,133 All ,2s5 during that time.
Despite this huge figure, it was far
behind the deficit estimated for the
period by President Roosevelt-$4,-
869, ,418, ,338-as made in his annual
budget message to Congress.
Failure to spend amounts estimated
in the budget message has been re-
sponsible for the deficit being kept
below the estimate.
The budget message forecast ex-
penditures of $8,58l, ,069, ops during the
12-month period ending June 30
Only $6,470,205,136 had been paid
out during the first IL months.
Ordinary expenditures amounted to
S3,240, ,632,215 to the end of May, more
than offset by total receipts of $685.
733,840.
But expenditures for emergency re-
lief, S3,229, ,572, ,92l, brought about the
existing deficit.
The gross debt on May 81 amount
ed to 1888, 1886, ,223 in contrast with
s26,155, OF, ,448 on the comparable date
last year, showing an increase, rough
ly, of s2,5O0,O0O, 900.
F. E. r. A. expenditures reached
s1.l1O,071,719.
The daily statement Of May 81
-
Of the daily expenditure item, result
ing from a pay-back to the Treasury
OF more than $335,000,000 of bal
ances in checking accounts of certain
special agencies of the Government.
Evening star., 1935-06-03
CHICAGO LIVE STOCK.

CHICAGO. June 3 up UNITED States
Department OF Agriculturel elHHogs. l4;0Oo.
q eoipS'SH PS S%" from f11dss s s9SsssS SoaSas
g95aIo O.; TOP 1919 S50,350 n35nd pounds as
1000; pigs 925 down; good packing
sows S76a9 90; light, light, good and
choice. l40-160 pounds, 925a75; light
io.Io; heavy heavy weight e5oess6 pounds,
GOOD GOOD i@:H5 s75.55o pounds. ss5aS.3o; PIGS
3 sood and choice 1oo-l4O pounds. s,5oa
Cattle. 900; calves. $500. fed steers
and yearlings steady to -25 down: only
few early sales being steady, undertone 25
Or more down. but %ateILfiils ie5I loe5ai ano
plies grassy and short-fed steers in front.
including several loads Southwestern; early
sp fea cows ha shd hsReT
heiters fSI about steady; very little change on
pounds, 9.75aI550: O-l,10o pounds,
iq.00: il Co. / 300 80 500 pounds j .ooal4 .oS
fo39Gn and aSS n3Salss
medium. 5,00a9'50; cows, good, 700as.75 5;
common and medium. 5;25a7 90: low cut
excluded. good ibeeD, -6.5Oa7 30 cutter,
common and medium. 5.25a6.6O; vealers,
good and choice. s.0Oa1O 90. medium,
StocSer and feeder cattle: Steers. good and
choice, 5OO-1 .O5O pounds. 7.25a9.00; COM
mon and medium, 525a7.50.
relatively scarce. strong: old crop clippers
now turned yearlings strong to rs up;
heads 8 so: yearlings, 7.4Oa65; top. 500:
clipped native ewes, 2.00a3.50. Effective
June 3. lambs born in the Spring of 1884
and lamps Spring lambs. good and choice,
s:25a9. .50;, medium. 1;00ss;25; ewes. 90
$50 pounds, good and choice, . 10a3, 75:
ooh
Evening star., 1935-06-03
GOLD CURRENC|ES
RECOVER SHARPLY
Bears Take to Cover as
Swiss Vote Shelves In.
hation Fears.
By the Associated Press.

BY the Associated Press.
Bears on gold DOC currencies took
to cover in world foreign exchange
markets today.
The rejection OF the Socialist re-
covery program in Swiss plebiscite
Sunday brought sharp rally in the
Swiss franc in New York AMI Lon-
don, for had the program been
adopted. it would presumably have
involved devaluation.
The French franc also continued
to recover: as the new Bouisson gov
ernment appeared to have routed for
the moment at least, the latest at
tack on the French currency.
The Swiss franc in New YORK rose
% of a cent to $3.50 cents. The
dollar declined in Paris to the enuiva-
lent of 6.616 cents, end the move
ment was continued in New York,
where the French franc later touched
$685., up .017s Of u cent.
The dollar sterling ratio held about
unchanged. The dollar closed IN Lon
don at 4.917s to the pound and
later in New York the pound was
quoted at SABLE, unchanged from
Saturdays final level.
Evening star., 1935-06-03
FOREIGN MARKETS.
BY the Associated Press.

LONDON.-Trading was more cheerful
French political settlement and steadier
foreign exchanges. Prices improved with
French bonds and gold mining shares lead
ing on Paris support. British funds eased
in late trading Transatlantic issues and
oil shares weakened on American advices.
The market closed steady.
PARIS.-RenteS scared while stocks
tumbled on the BourSe today as traders
interpreted the quick formation of the
Bouisson cabinet as sign that devalus-
tion was headed of as an immediate PROS
pect. Only a few minor shares escaped
the selling wave which cut quotations of
most stocks more than 10 centimes. With
the exception OF rentes. the market closed
weak
BERIIN-A weak share market kept
business on the Boerse very small today.
The closing was sustained
Evening star., 1935-06-03
U. S. TREASURY POSITION
BY the Associated Press

The position of the Treasury on May
81 was: Receipts, 1.55S.967 expsndi-
lures, S22.766,635, but an item of $685.
ment on gold: was placed on the "expendi-
ture" side Of the Treasury ledger, which
credit of $3I2,467.4O9 balance ST.
956, 1896. .254 Customs receipts for the
month, S30,33S, $50
Receipts for the fiscal year (since July
y, S3,336. .733, $40: expenditures. S6.47O.--
205.136 (including S3.229.572,921 of
emergency expendituresl: excess of ex-
penditures. S3,133,471,295. Gross debt.
S2S, ,63S. .3S5.223. an increase of S399, ,S2l
over the previous day. Gold assets, Ss,-
S5S,423. .344.
Evening star., 1935-06-03
SHIP ARRIVALS EXTEND
GAINS AT BALTIMORE

Special Dispatch to The Star.
BALTIMORE. June 3.-Arrivals of
ocean-going vessels at Baltimore Tor
the first five months of this year
numbered 1870 veSSelS, exceeding the
arrivals for the similar period last
year by Ill vessels, according to the
records of the Maritime Exchange
Arrivals here last month comprised
274 vessels, marking an increase of
26 over the total for the preceding
month and IS over May, 1884
Evening star., 1935-06-03
CURB LIST MOVES
TO HIGHER LEVELS
Some Utilities in Demand,
With Scattering of Spe-
ciaIty Issues.
Rv the Associated Press

Fy the Associated Press.
NEW YORK, June 3-The Curb
market closed on a rising trend to-
day. although trading was eXcep-
tionally quiet.
Some of the utilities drew late fol-
lowings and scattered specialties were
in demand.
Advances of fractions to around a
point were held by such issues as
American Gas q Electric al 2714
Electric Bond & Share at 8, Niagara
Hudson Power s.J 5 "a. Sunshine Min
ing at 2ll2, Aluminium of America
at So. Gulf Oil ST &c and Interna-
tional Petroleum at 3612.
Evening star., 1935-06-03
STEEL RATE SAGS
TO NEW 1935LOW
Sharp Drop During Week
Sends Index to 39.5
Per Cent Level.
BY the Associated Press.

BY the Associated Press.
NEW YORK, June 3-Steel opera
tions as estimated today by the Amer
ican Iron & Steel Institute, are at the
lowest level since last December at
395 per cent of capacity.
A week ago the operating ratio was
calculated by the institute at 42.2, and
the indicated decline of % percent
age points is one of sharpest recessions
recorded in the recent downward
movement.
A month ago the industry was oper-
ating at an average of 42.2 per cent
and a year ago the rate was 57.4 per
cent.
Evening star., 1935-06-03
U. S. TREASURY NOTES.
tRerorted by Chas. D. Barney & Coz
METAL MARKET.

NEW YORK June LPI.-Copper quiet
electrolytic SPOT and future Blue Eagle.
900; export, 8.02as.27. Tin barely steady;
spot and nearby. 81; ;25:. future: 5O.15.
Iron quiet. No. 9 fob. Eastern Pennsyl-
vania, 1880; Buffalo. 1880; Alabama
1880. Lead easy; spot New York. .l0a
4.35; East ST. Louis. 395a420. Zinc
dull: East st. Louis. spot and future. 40.
Aluminium. .O0a22. 90. Antimony spot
1915. Quicksilver. 52.5Oa75 90. Wolf
ramite. 15.50a16.00.
Evening star., 1935-06-03

Thompson Products Inc.-Declared
two dividends of SITS a share each
on preferred stock, clearing up all
back dividends on this issue; current
dividends were those accruing on
March l and June l. 1895.
Evening star., 1935-06-03
DOLLAR GOES HIGHER
IN LONDON. DEALINGS

By the Associated Press.
LONDON, June 3-The United
States dollar closed today on the fro
eign exchange market at 4917s to
the pound as compared with Satur-
days close in New York of 492.
The French franc closed at 74.38
as compared with Saturdays close of
74.65 to the pound.
PARIS. June 3 (P).-Three per
cent rentes. 81 francs Is centimes:
AZ per cent rentes, 38.75.
Exchange on London. 74.40. The
dollar was quoted at 15.11l2.
Evening star., 1935-06-03
STEEL QUOTATIONS.

NEW YORK. June 8 LP,.-steel price,
per 100 pounds, fob. PittSDurgh: Blue
annealed sheets, hot-rolled. 200; salvan-
S.45: steel bars, so
Evening star., 1935-06-03

North American Car-March quarter
preferred-share earnings were A cents,
VS.. S1.6S,
Evening star., 1935-06-03
NEW YORK CURB MARKET

Stock aud Sales
Dividend Rate. Add 90. High. Low. Close
kingsbury Brew.
Kirby Pet (a10c). ! 2A ga "a
Klein Cd Ed (f1).. 3 20 1915 20
Koppers Gas &
Coke pf t6).. 25s "a "a "a
Kreuger(G)B Brew. 2 9% 9 ga
Lake Shore M(t0 81 So 50
Leonard Oil. ..... IL d u
Libby McNeill&L. 4 6ss ga ga
Long Island Light ! 80 3ls 81
Long Island Light
of A 0....., 2Os 66 66 66
Louisiana L&Ex.. IL TN 719 ia
McWil Dredge(f (f2250s 3413 339 3S%
Mead John DID,. z 57% 56ls 57%
Mem Nat G a10c). l 2A 21s 21s
Memphis p & 1t
re pf. SOS 75la 75l3 75Ia
Michigan Sugar. lis 1h rs
Mich Sug pf...... 3 5A 5h 5h
Middle States
Petrol vtc A.. l rs 16s rs
Mohawk Hudson
1st pf H).... SOS 54% 54s4 54%
Molybdenum. Is 10% s9I3 101s
Mont Ward 60 a. sos 140h 140N l40h
Evening star., 1935-06-03
new YORK BANK STOCKS

NEW YORK. June 3 GP.-New York
Security Dealers Association:
Quotations as Of 2 oclock)
Evening star., 1935-06-03

Ill Pw&Lt So Of. zoos 259s 251a 251a
Imp Oil Ltd
coupon tf5Oc) SO '211s 20 21h
Insurance Co of
North Am 90 l 62l4 62It SPA
Intl Hydro Elec
System cv pf. 25s 6Ss 6Ss 6$s
Init Min Ip30cJ.. IN l2A l2!2
IHtl Petm tT1 12). 19 361a 30 3612
Intl Products j
Interstate Power
Del of. ...... los 145s 14h 14h
Irving A Oh aloe. los 10 lo1s
Evening star., 1935-06-03
INVESTMENT TRUSTS

NEW YORK June 3 (Pl.-New York
Security Dealers Association:
CLOSING Quotations.
Evening star., 1935-06-03

UKUH OUIus ..s.. = = q
Dividend rates in dollars based on the
last quarterly Semi-annual payments.
TAnnual rate-plus extra. TAccumula ted
dividends. aPaid this year. bPaid last
year. accompanies reported in receiver
ship or being reorganized, xEx dividend