davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

Before the oil case decision, most
of those engaged in the code-mak-
ing process held that the declara-
ton of policy contained in Section
l of the MIRA constituted carte
blanche for the President to approve
code provisions which in his judg-
ment would effectuate the policy of
the act" said Mr.. Shapiro. "Arti-
fetal control provisions were in
serted in codes with the under
standing that the President had
ample authority in this declaration
of policy.
Power Must Be Stated
But since then, the majority of
the Supreme Court (Justice Cardozo
disSenting) has held that the power
of the President under Section &C
of the MIRA must be found within
the four corners of that section;
and that the legislative policy as to
other particular subjects must be
found if at all, in the sections sub
sequent to, and without the aid Of,
policy declared in Section /.
Therefore, the authority for the
contents of codes of fair competi-
ton, unless otherwise specifically
declared in the act, must be found,
essentially, in the meaning of the
term fair competition.
Pointing out that price fixing is
the antithesis of competition; that
codes of fair competition" not
codes of fair monopolistic prac-
tices," were authorized by the Ma
tional Industrial Recovery act, and
that "monopolistic practices" are
specifically excluded from the codes
by the MIRA, Mr.. Shapiro was of
the opinion that the Supreme
Courts Interpretation of fair COM
petition" would be governed largely
by it's past interpretations of 'un-
fair methods of competition" under
the Federal Trade Commission act.
Fair Competition Defined
Mr.. Shapiro recalled the work
begun by the Federal Trade Com
mission in it's trade practice confer
ence resolutions, and felt that the
farthest the Supreme Court would
go-in view of the provision in the
NRA exempting code conformistS
from antitrust law violation-Would
be to include within the proper
sphere of codes of fair competition
most of the provisions which the
Federal Trade Commission Endorsed
in the trade practice conference res
olutions, but which until the NRA
it regarded as within the possible in
hibitions of the Sherman law.
While the Federal Trade Commits
sion regarded selling below cost as
a competitive evil which should be
outlawed, if only that we're practi-
cable, it regarded price fixing as a
stifler of competition, he said.
The only refernce to priees in the
act, declared Mr.. Shapiro was in
connection with delegation of power
to the President to license business
enterprises if he should find, among
other things, that destructive price
cutting" is being practiced in trade
or industry. The licensing provi-
sion expired year after the act be-
came effective.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16
What Does 1t Mean?
WheelerS Attack on Railroads
An1aSeS PittSburg Capitalists
Ry Scrinps-Horord Ne,rsnoner


PITTSBURGH 6-Pittsburgh capitalists yet
what happened they
Traffic
Burton K Wheeler Cd, MONTH
quiet they
many astonshed listeners forget puff cigars
Government ownership entirely
Providing
has been function of the for 1000 years
management operation
interests
wholly
produce
Regulation operation largely merged
alton could be made efficient.
I'VE do know railroad managed
railroad chief officers
the railroad lines but in Wall Street"
Richard King Mellon, R. Mellon, millions
rector the Pennsylvania Railroad with
speaker. He had comment
Among others who listened in silence F. E. williamson
New president of the Lines Policy
Railroads. Palmer
Clements j. F Deasy Philadelphia pre-
Railroad
companies locomotive plants and transport companies
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16
IsIST ANNIVERSARY OBSERVED

NEW YORK. March l6-The
Bank Of New York and Trust Co.
the first bank established in New
York. this week Is observing its
I5ist anniversary. The bank, OF
which Alexander Hamilton was one
Of the founders. Is the oldest in the
United States still preserving its
original identity. officials declared.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16
COTTON EXPORTS DECLINE

WASHINGTON. March l6.-Raw
cotton exports from the United
States In February totalled 800 600
bales valued at S26 .532, 900, a sharp
decline Under January, and Febru-
airy. 1898. acc 20 s depart
ment o$eOmn
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16
Doubt COnStitutiOnality
of NRAS P11ce-Fixing
of More Specific Delegation of Power Than Blanket
Clause in MIRA Provides
RU limited Press


March 16-The validity of price-fxng provisions in
grave particularly
Supreme oil Shapiro authority
administrative Law
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

TRANS AMERICA HAS PROFIT
SAN FRANCISCO, March 10
Trans America Corp. earned SILL
450,587 in 1884, the company's an
nual report showed today. A net
of S11,339 ,638 was reported for 1888
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

What comes out of the oil
filter and crankcase? Well,
even Mr.. ThurSton would be
surprised to see the mess Of
accumulated junk and muck
we clean out after a season of
ordinary driving. And it is
this injurious matter that is
constantly working into the
moving parts of your motor
causing scored cylinders,
worn valve seats, oil pumping,
carbonized spark plugs and
waste Of gasoline. Drive in
and let us drain, flush and re-
fill with your favorite brand
Of oil in sealed, tamper-proof
cans and also replace the oil
filter cartridge. Well do the
job right. We are open all
day Sunday until 6 p. m. for
your convenience and until 9
p. m. this evening.
While the new champions Of
the hardwood are rapidly ap-
preaching their goal, a couple
of towns are ready with their
buckets of red paint.
The Rose Tire Co. is ready
for your Spring Auto Clean
Up. We have tar removers,
body and metal cleaners and
polishes, sponges, brushes,
chamois skins, floor mats,
running board mating, radi-
ator hose, fan belts, wind
shield wiper blades, windshield
and glass cleaner, new seat
covers, spark plugs and hun
dreds Of other items. Come
in and look around. And
while you're here listen to the
new Philco Auto Radios for
1885. They're marvellous!
Don't forget we are open all
day Sunday until 6 p. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

LOCAL CASH MARKET
City grain elevators are paying 83 cents
for No soft red wheat. Other grades
on their merits. Cash corn No. 3 yellow.
rs cents. and oats rs cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16
SINGLE PAPER
MONEY VIEWED
ULTIMATE aim
Only Three Kinds of Cur
rency Will Be Left in
Circulation.
BY THOMAS l.. STOKES
Times Special Writer

WASHINGTON. March IS. -
Though the Treasury is retiring Ma
tional Bank notes. the average citi-
zen still will find trickling in and
out Of his billfold-if he's lucky
five different kinds of paper cur
rencv which continue in circulation.
These are Federal Reserve notes,
silver certificates. United States
notes. Treasury notes of 1890 and
Federal Reserve Bank notes, though
he latter two are being retired now
also and less than sl00,000,0 900 Of
them are in circulation.
Gold certificates still exist as cur
rency theoretically, but they are
impounded under lock and key and
If YOU have any you are violating
the law. Paradoxically, gold certifi-
Gates are to be used in operations to
retire the national bank notes, but
they will go into vaults of Federal
Reserve Banks which will issue Fed
eral Reserve notes against them to
take up the National Bank notes.
Secretary of the Treasury Morgen-
thau predicts that all National Bank
notes will be out of circulation in a
vaar
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

Highlights of News
During Last
Week.
by FREDERICK MATsON-
Times Financial Writer

TNDIANA'S Seventy-ninth Cen
Il eral Assembly adjourned shortly
before midnight Monday following
creation Of a bipartisan legislation
committee 70 chart the states work
relief and social security program
for adoption At the coming special
session. At a Joint session Of the
Legislature. Gov. Paul Y. MCNnutt
earlier had pointed out the mad
visibility Of enacting state meas
ures for financing unemployment
relief and social security IN ad-
vance OF congressional action at
Washington. Semi-demOraliza-
ton gripped domestic cotton mar
kcts early in the week as a wave OF
frightened liquidation swept over
the pits. Prices plunged downward
IN one Of the fastest and widest
breaks on record and the worst
since 1927. In Chicago. prices fell
as much as 1911 points as frantic
brokers attempted To execute the
food Of orders sweeping into the
NAAa ~ 49, INV AlA NAaN AMNs WAA
S955 a bale, the market Monday
came within IS cents or Q points Of
the maximum allowable limit for
any single days trading. Chief
Justice Charles Evans Hughes of
the Supreme Court halted argu-
ment Monday in the Spielman Mo-
tor Sales Co. case. first test of the
national industrial recovery laws
TO come before the court. because
Of the failure Of attorneys to cover
questions Of jurisdiction considered
of vital importance to the case.
Chief Justic Hughes directed the
attorneys for both sides TO file ad-
ditiOnal briefs before April 8 and
that the court would set
date for argument later.
The Spielman case tests the valid
ity OF the New York state recovery
law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

ID ESPONDING to a strong con-
IN gresSional demand for a
smaller and simpler NRA, the ad-
miniStratiOn Wednesday proposed
consultations and eliminatiOnS
that would reduce the agency'S 73I
codes 10 1871. The plan was put
forward by Donald R. Richberg at
the conclusion of his testimony in
the Senate'S NRA invCstiga. ion.
Mr.. RiChberg said that 537 of the
codes could be dropped By bunch
ing the great bulk Of small indus
tries under a single blanket trade
agreement. Smashing OF the
existing public utility holding COM
pany system was demanded by
President Roosevelt as utterly es-
sential TO avoid governmental So
CialiSm." In one of the most
fortnight messages he has sent to
Congress this session. Mr.. ROoSe-
Welt supported fully the pending
legislation for stringent regulation
OF holding companies and de-
nounCed the campaign of propa-
ganda against il. Expenditures
Of 100000 900 by the Department
Of Agriculture and the AAA during
the fiscal year beginning July l
was indicated when the depart
ment'S appropriation bill was re-
ported TO the House Of RepreSen-
tativeS. How building activities
IN the United States have been
lagging far behind other nations Of
the world was described this week
by the First National Bank of
Boston. On the basis of League Of
Nation statistics. America ranked
last Of IL countries in 1888. Swift
erland. the United Kingdom and
the Netherlands topped the list in
that order. They we're the only
three countries whose building ac-
Invites in 1888 exceeded those in
1928.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16


ity Of the New York state recovery
law.
THE United States Treasury
Il continues to move ahead bold
" in ambitious program to reduce
interest charges on outstanding
bonded indebtedness. On Thurs
the governmental agency called for
redemption June Is of the entire
outstanding amount Of 81 .932. 2O9,-
$50 First Liberty Loan bonds.
Financial observers read the bold
ness" into the action because of the
fact that only a few days earlier
the Treasury had drafted a plan
for the exchange of $3.50, 600. 900
Fourth Liberty AIS into bonds
bearing a lower rate of interest
and the success Of this operation
has not been determined as yet.
Somewhat in the same vein,
but pertaining to a private corpora
ton. was the action this week of
the ChrySler Corp. in calling for
redemption S3015O.5OO Dodge
Brothers debentures. The issue will
be paid of with cash in the COM
pany'S treasury and with the pro-
ceeds Of loans from about a score
Of banks in various parts of the
country. This arrangement will
not involve any new offering of Sc
curities and. consequently. the
company Will not have TO deal with
the Securities and Exchange Com
mission. Incidentally, the
Chrysler Corp. setup calls atten-
ton to highly significant items.
The first is that such an operation
deprives the new capital market of
an offering and the second is that
II gives the banking institutions an
outlet for some of their surplus
funds. The bank loans granted
ChrySler undoubtedly will be on a
longer term basis than is granted
ordinarily.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16
". Y. Bonds

U. S. GOVERNMENT BONDS
Libertys
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-16

While the new champions Of
the hardwood are rapidly APP
preaching their goal, a couple
of towns are ready with their
buckets of red paint.
The Waterbury Democrat., 1935-08-02
CHURCH MARKS
lOO-YEAR SPAN

Kansas City, Mo. (UP) = A cen
fury of religious progress is being
celebrated by members of the In
dependence First Christian church.
Old records show the church
was organized July 4, 1885, when
the town of Independence was
eight years old.
Thirty-five early day residents,
whose names are not recorded,
met in one of the few log cabins OF
the frontier village and agreed to
take the Bible as their only stand
ard. guide and directory"
The first church building, one
room log structure, was built in
1886.
The first ministers were Thomas
w. Mcbride, Thomas N. Gaines,
Moses e. Lard, Noah w. Miller,
John O'Kane and Elder Francis
R. Palmer.
Elder Palmer came to Jackson
County in 1886 and preached here
"a years, dividing his time between
Independence and other county
churches. Because of his strict
puritanical principles, small boys
knew him as "Old Straight Edge"
He died in Liberty In 1876, when
he was SO.
The present minister is DR.. Lyn-
don w. Harper.
The Waterbury Democrat., 1935-08-02
|ALUMNI MEMBERS
| ARRANGE DINNER
Conn. State Graduates
Gather in Bristol for
Party August 3

Storrs.-More than 1000 Con-
necticut State alumni, members OF
the faculty, newspapermen, city Of
ficials and others interested in the
institution at Storrs will participate
in the midsummer party at Lake
Compounce in Bristol on Saturday,
August 8, according to announce
ment by Chairman David L. Nc
Allister. The feature of the days
events will be a testimonial dinner
at six o'clock in the evening to Col
lege Editor Walter Stemmons, for
many years one of the most promi-
nent members of the state college
faculty and widely known for his
writing and after-dinner speeches.
This testimonial to Editor Stem
mons was voted by the combined
executive and advisory boards OF
the College Alumni Association at
the annual meeting in June, and is
presented as evidence of the deep
respect which Connecticut alumni
have for Professor Stemmons and
his work at the college. Editor
Stemmons is a graduate of the
Missouri Schol of Journalism, has
had a long career in journalism
and was on the faculty of the Uni
versity of Oklahoma before COM
ing to Storrs in the fall of 1918.
He is the author of the only history
of the Connecticut State college
which was published in 1881 and
has written three plays which have
been presented in all parts of the
limited States.
In addition to the testimonial
dinner, the alumni committee has
scheduled a long list ofn eve Is
which, it is hoped, will include q
faculty alumni golf match and
other planned and impromptu fea-
lures. Among the other speakers
on the program will be Mayor
Joseph Dutton and Prosecuting At
torney Anthoyn Rich of Bristol
Alumni President Everett D. Dow
of West Hartford and Chairman
David L. McAllister. This Is the
second annual midsummer reunion
and banquet held by the Connect'-
cut state College Alumni associa-
ton,
The Waterbury Democrat., 1935-08-02

: that it will be possible to give
these officers another opportunity
for active duty probably before the
end of October. They are all
trained in their new duties and re-
sponsibilities and have all made
satisfactory grades both in their
theoretical and practical training.
They were to receive high priority
in filling future demands for Of
ficers both for replacement of loss
es and for further expansion of
the Civilian Conservation Corps
activities.
81 desire to emphasize that the
discharge of these officers from an
active duty status is not in any
way a reflection against their
characters, their professional fit
ness or their desirability as COM
pany commanders or company Of
ficers of the CCC. 1 realize that
some of these officers have made
sacrifices by passing up temper
airy employment in order to cast
their lots with the CCC. They
have all applied themselves dill
gently to their studies and I feel
certain that they would have CIV
en- good account of themselves
in the field.
No Prejudice Shown
1T am, sending each officer be-
ing discharged under these circum-
stances a letter making it clear
that his relief from duty is not
prejudicial against him. I belivc
rather that the selection of these
officers slitially for prospective
duty in the field has been a COM
pliment to them and should be so
considered. Just as rapidly as tho
need for more officers arises these
men will be given an opportunity
of accepting an active duty APP
pointment. 1t is obvious that the
failure of enrollments to meet the
required levels has made necessary
the reduction in officer personnel
and since extreme measures are
being taken to exercise strictes.
economy in the administration OF
the CCC, some such action by the
War Department was inevitable"
Further details of the continu-
ance of. the expansion of CCC ac-
tivities after August 81 are expect
ed from Washington in the near
future.
The Waterbury Democrat., 1935-08-02
FRENCH HONOR
FEED CENIUSES
Six Gastronomic 'Monu-
ments Erected to Spec
cialities of Food, Drink

Paris-(UP)-A census of sta
tues in France reveals that this
land of gourmets has erected six
gastronomic monuments to her
specialties of food and drink.
The inventor of Camembert
cheese, Mime. Marie Harel who
lived about $50 years ago, has an
obelisk-like monument dedicated to
her in the Norman village of Cam
embert. A statue in Vimoutiers is
dedicated not only to the famous
creamy cheese but also to Nor
mandy cider and other delicacies
of this province. Each Easter Mon
day there is a gastronomic Pilgrim
age to this statue of Marie .Harcl
in connection with the century-old
fair held there every year.
Brillat-Savarin, the French Judge
who founded a philosophy of eat
ing and who is responsible for the
epigram Tell me what you eat
and will tell you what you are"
has been honored with statue at
Belley where he was born $50 years
ago. Although he was judge by
procession, Brillat-Savarin made n
The Waterbury Democrat., 1935-08-02

The Pine Camp area in Jeffer-
son county, New York, will have
an "Army City" about equal in
population to the county's largest
city, WATERFOWL, when the First
Army, under command of Major
General Dennis E. Nolan, begins its
field training exercises that are to
start August 18th and conclude
August 31st.
From the Army's Second Corps
Area which includes the states of
New York, New Jersey and Della
ware, and from the Army's First
Corps Area, which includes the
States of Maine, New Hampshire,
Vermont, Massachusetts,, Rhode
Island, and Connecticut, will come
Regular Army and National Guard
troops, totalling $4,000 individuals.
The Pine Camp area-east of
Watertown-where the Army
City" will be, has bene one of the
Army's training areas since 1908.
For % years the Regular Army
and the National Guard, not only
OF New York but of New England.
have at some time trained at Pine
Camp. The government owns a
large military reservation there.
The area is sparsely populated,
not highlys cultivated as in New
Jersey where the First Army had
hoped to hold its field training,
since the New Jersey location
would be more central for the
units participating. General No
Ian had surveys made and found
that the New Jersey area could
not be used since private property
over which troops would have to
pass was in such a state of cult
vatoin at this time of the year that
its use could not be secured, except
at prohibitive expense-and army
officers practice economy not only
in the use of manpower but in the
uEe of government funds.
Cross-country operations will be
because the First Army has Sc
cured the right to use large areas
of privately owned land, at cost
that is most reasonable.
General Nolan pointed to old
Army records that show there was
q concentration at Pine Camp for
troops OF the old department OF
the east (now Second Corps Area)
from June IS to July Is, 1908,
when Regular Army troops and the
National Guard of the Department
Of the East trained at Pine
Camp. Major General Frederick
d. Grant was in comand of the
Department of the East at that
time; he assigned 119 officers ard
1881 soldiers from the regular es-
Establishment to train with the Ma
tional Guard at Pine Camp.
THE Massachusetts, Buardsman"
published in the interests of the
famous 26th Division, referring 10
the part Massachusetts, troops
played in the 1908 encampment,
has an article by W. B. Sturtevant,
which says, in part:
The Waterbury Democrat., 1935-08-02
CANADA SHOWING
BUSINESS GAINS
Comeback Realized First
Part OF This Year-Fi-
nances Frightened

Ottawa, Ont.--(UP)7Canadian
business has made an impressive
come back during the first part OF
this year.
The Dominion Bureau of Sta
tistics reports that the index or
the physical volume of business,
based on As factors covering pro-
duction and distribution, averaged
9S.9 curing the first five months
of 1885. compared with 6S.S in the
same period of 1888.
The bureau states that the in
crease of Al per cent in a compre-
henaive index of this kind Is a
good Indication of the satisfactory
resumption of operations since the
low point of the depression.
An improvement in the price
structure also was indicated by an
advance in the official index based
on 567 commodities. The average
during the first part of 1885 was
72.1 against CAT in the same per-
Tod of 1898, a gain of 11.S per cent
"One of the hopeful signs of the
business horizon since the early
months of 1894 has been the rela-
tive stability OF commodity prices"
ths bureau states. 1.-THE stabiliza-
ton IL maintained. will contribute
an effective stimulus toward the
restoration of business confidence. .
The financial background has
brie htened considerably since the
early months OF 1893. The resump-
ton Of Industrial operations and
the higher level of commodity
prizes has favored the revenue
prospects OF Canadian corpora
tiohs 80 far this year. Common
stock prices. reflecting the i'm
proved outlook. recorded an ad-
vance OF more than 90 per cent.
The index averaged ss.a In hrss
The Waterbury Democrat., 1935-08-02
NATION URGED TO
AID SAVING ELMS
Destruction of 100000
Trees Would Give Work
to $500 Men

Washington (UP) Destruc-
ton of 100000 trees infected With
Dutch elm disease in northern New
Jersey, southern New York and
southwestern Connecticut would
provide immediate employment for
$500 men, according to Charles
Lathrop Pack, president of the
American Tree Association.
Pack said that ''if the spending
organizations of this Administra-
ton are looking for worthwhile
projects for relief employment,
then ! say save the elms of the ma
ton and save them now"
He said an allotment of $4,000
900 would be required Immediately
for the work. Although the cost
would be approximately $40 tree.
Pack said this may sound big Tn
some people, but this is not a job
for wood choppers. There must be
intelligent direction when you start
to take down a tree of any size,
Money is needed for surveys OF
large areas"
He said the money would pro-
vide work for 1850 men during the
summer and 1900 in the winter.
1.-THE states should cooperate in
this work right away" Pack said.
',rhis is no time for state law
makers to delay on such an I'm
portant project. We must act now
and prevent a national calamity