davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
SALES
Hole STARTED
PLACED AT So
Only 10 Have Resulted
From Deliberate Default,
Fahey Says.
By Times Special

oV INES special
WASHINGTON, Feb. THE
Home Owners Loan Corp. reports
that OF the So foreclosure suits
which it MAS so far instituted
throughout the United States, only
10 have resulted from deliberate de-
fault by home owners who appar-
emily believed that no action to
force payment would be taken by
the corporation, the remainder be-
ing due to abandonment, resulting
from death of the owner or similar
misfortune.
Referring to the 10 cases of will
full delinquency, John H. Fahey,
Hole chairman, said:
The public interest calls for gem
eral recognition that individual
loans from this corporation are
valid obligations. and that no COM
promise can be made with borrow
ers who deliberately refuse to live
up to their contracts On the mis-
taken assumption that they can do
so without penalty.
Payments Made Promptly
THE great majority of our Dor
rowers are making their payments
to us promptly, just as they pay
their household bills and other
private obligations. Our record Of
collections to date compares favor
ably with that of private lending
institutions. Our delinquencies are
confined mainly to the relatively
small number of people who are in
genuine difficulty, resulting from
unemployment or other causes be-
You'd their control. They are en-
titled to cooperation from their
creditors in getting back on their
feet.
The corporation intends to keep
on giving helpful consideration TO
every home owner borrower whose
past credit standing is favorable
and who proves to be in such acute
financial distress that he is utterly
unable to make his contractual pay
ments at this time.
"On the other hand, the CORPORA
ton can not tolerate the refusal of
any of its borrowers to live up to
their obligations, in cases where
they are obviously able to do so. A
number of our borrowers now face
the loss of their properties through
foreclosure because they willfully
defaulted on their payments.
Wrong Impression Spread
"It is to be regretted that an r
responsible element has SpreaGthe
impression that this ~corpration
does not insist upon COLLECTION of
payments due. Any such suggestion .
implies that swindlers and CELEBRATE
detaulters are entitled 3
agement in their bad fifth at the
cost OF the entire publ; which this
corporation represents.
1 am glad to say that only a
small number Of peCle are so far
threatened with TIE loss of their
homes in forfeiture by following
such misleading advice. The num-
Der IS bound to increase, however,
If more of our borrowers are de-
luded into neglecting heir promis-
sorry obligations which u~nque5tNn-
ably they are able to meet. Evev
such case of willful default is sub
Ject to immediate foreclosure
action"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
FRUITS AND VEGETABLES
by Uniie1 Press

CHICAGO. Feb- 7-App.es-M1chlran
Mcintosh EusheL ENsl-i5- Jcnatlzas.
s. s1MIr6. Cranherrles M-lssachnserts
hhla. AN9S Caul1ower-CaI-
t-rra. crates. s~lg5EIso. Cahhare-Wts-
cousln. 100. lbs. N15 Sweet PctatoeS-
Teruessee. busheL eocGSIIn Carrots
Ca1fcrniA. crates s1T54S. uancts and
Mirhiran. hushrl 60 elc Turnfus-Can-
fcrnil. crates. s1s0G11s. Illinois. basheL
15c. Letture-Nestrru crates. s1-5m1ss.
rarrufuf-ulnnls. husheL. 40 Ene. Bets
TsxaA crates. TscGSl. Illinois hushei
40n soc. Beals-Eorida. huSheL. green. 81
G11A Tnzatces7LeLcan lug& S4I4sa.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07

these subjects. n
the opinion OF
this department.
is that their ap-
proach is wrong.
They depend too
much on theories
and rule Of thumb
and give too little
attention TO the
human equation
Some claim. for
instance, that
is not
enough money N
the country. that
II We increased
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
TEA APPROVES
SECOND WAGE EXTRA
Payment to Be Made on Basis of 5
Per Cent of Total Income.

By Times Special

By Times Special
CHICAGO, Feb. IA second
wage extra" has been approved for
employees Of the Jewel Tea Co., Inc,
and its subsidiary, Jewel Food Stores
by directors of the company, it was
learned today. The extra payment
will be made April Is.
The payment will be made on the
basis of 5 per cent extra On the total
income of each worker, including
wages or salary, commissions,
bonuses and other special awards up
to a total average income of $50 a
week.
Officers and senior executives Of
the company are exempted from
participation in the plan which in
cIudes only employees who have con-
tinuously worked for the company
from July to Dec. %, 1884. The
payment will not be made on earn
ings above $50 a week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
MONEY LAWS
Seen NEEDING
FURTHER LIGHT
Many Fiscal Problems Held
Requiring Interpretation
of Court.

This Is another Of a series Of articles
written for the Indianapolis Times by
members Of the economics department Of
New York Univetsitv's school Of Com
merce. Accounts and Finance.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07

Business Might Do
Better if Left
Undisturbed.
BY RALPH =
IImrt sneclal Mrlter

NEW YORK FEB. Money. a.
- best. IS a complicated subject
But Il is made still more eompl-
Gated BY those who try 70 90
tricks with t. The same Is true Of
the general subject Of economies
The chief difficulties most people
experience in their treatment Of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
O SALES INCREASE
By Times Special

By Times Special
CINCINNATI, Feb. 7.-Sales of
the Kroger Grocery and Baking Co.
increased II per cent for the first
four weeks of 1885, over the same
period Of 1884, according to figures
revealed by the company here to-
day. The increase for the same
period of 1894 over 1888 was 5 per
cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
Hides and Skins

Hides-Green country COWS and steers.
Fat; green country bulls and Clues,
2lac nat; green country calf. hides. &c
horse hides with full heads. shanks,
names and tails. $3.50: medium size. So.
No. 2 grade morse nioes, soc less; CLUES
and ponies half price. No. ] rendered
talloE. 474izc: No. 2 at value. Yellow
grease. 5000: oarK grease. 3A93lzc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07

the supply the depression would
vanish overnight. Others 90 into
long discourses over the velocity"
OF turnover. and point out that We.
have as much money OF more in
circulation now than We had at the
peak Of the business boom.
The basic fact OF the matter
probably Is that the reason why
people do not spend more and why
business is not better Is that we
are all looking for the greatest
amount Of security possible. We
know that the money we have can
be used anywhere 70 acquire the
things we do not have We are
not 50 sure that We could do the
same thing If u capital were
tied up in potatoes. real estate OF
factories.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
NEW BRAKE BLOCK MADE

TRENTON, n. J., Feb. 7.-Produc-
ton OF q new brake block for truck
and bus brakes which in constant
use proves virtually indeStructible,
was announced today by officials Of
the Thermoid Rubber Co, Trenton,
n. J.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
Old Formula
MiCaWber
Is ADVOCATED
Expenditures Must Be Kept
Within Income, Dickens
Character Said.
BY JULES BACKMAN AND
A.. L. JACKSON

&
Editors. Economic Statistics. Inc.
By Times Special
NEW YORK, Feb. 7.-Micawber,
the spendthrift, gave to David Cop
perfleld a formula full of wisdom.
This formula, which appears to have
been overlooked by a national gov
eminent, was: Income EGO; expendi-
lures, &%19-result, happiness. Income
EGO; expenditures, %s2l-result, misery.
Current figures of the Federal
government show that expenses for
the first seven months of the fiscal
year have passed the $4,000, 900, 900
mark and that they are about
twice the size of current income.
Must Pay Debts
Thus far only a small proportion
of the increase in spending has been
met through increased government
revenues. Many persons fail to real
i7e that the government, like an
individual, must pay IT'S debts if it
is to remain solvent.
If the government spends more
than it takes in, it must at some
future time repay the sums which
it has overspent. This repayment
either takes the form of hearty tax
alton or reputation of the obliga-
tons which were undertaken in
order to finance the deficit. This
reputation is usually accomplished
through imitation.
What we must realize is that the
debt which is now being piled up
must be repaid. 1t really represents
present spending of future purchaS-
ing power. with the result that the
real purchasing power of the future
must necessarily be reduced.
Relief Bill an Example
Take the work relief bill, which is
now before Congress, as an example
of this policy. The Administration
calmly asks for the right to spend
81, 1000, 900, 900 more than it hopes to
take in in the form of revenue in
the next fiscal year. No provision
is made for new sources of revenue
to finance these expenditures.
At the same time attention is
carefully diverted from the fact that
these heavy expenses will have to
be paid out of future taxes. If we
are going to spend the money now
why not increase taxes now? Then
everybody will realize that the
money which is spent must be
raised from some source; that the
ultimate source is his or somebody
else's income; that is, of course, I'M
less the road of imitation is taken.
Is it not reasonable to assume
that if we adopted a pay-as-you-gO
policy the present complacency with
which many people observe the
growing deficit would be rudely dis
turbed?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
REPEAL AIDS GLASS
Container Production EquaIIed That
Of 1929.

By Ifwfs Spcct1t
NEW YORK. Feb. T-Container-
glass production in 1884 equalled.
and probably exceeded. that IN 1923.
according 70 a discussion Of the
glass industry by Leonard A. Drake
I'm the current issue Of BarrOns
Financial weekly.
Thanks 70 the repeal Of prOhi-
biti0n. the production Of liquor anu
beer bottles has risen materially and
should continue at 10 per cent Of
the total container output. the
article states.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
What Does 1T Mean?

SGvings Bdnk-An institution chich takes in de-
posts, usually setting a maximum for the amount to be
accepted from one d~epositor. 1t can demand Advance
notice of WithdrdlOdl and faUors l~ong-term Investments.
Loans and Investments are restricted ba lar.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
(By James z. Bennett)
LOCAL CASE MARKET

City grain elevators are paying 81 cents
tor No. 2 soft red wheat. other grades
on their merits. Cash corn NO. 3 yellow
80 cents and oats As cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
Retail Coal Prices
DOMESTIC RETAIL PRICES

The following prices represent Quota
ttcns from leading Indianapolis coal deal
ers A 1S-cent carving charge per ton
wtff - ADDED
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07

lust how much We would have
y to cheaper goods before it
would start moving in sufficient
volume 70 restore SIsineSS is a
question few people should venture
10 answer. And Just what We
might do 70 destroy the credit OF
the government sufficiently to get
people 70 trade their money for
goods is another difficult question.
Either course would have embar-
RAISING complications. A cheaper
ing Of goods would destroy the col
lateral behind much Of our debts.
which neal bankruptcy on every
hand. and with possibly more harm
than good 10 business in the end.
A destruction Of the credit Of the
government would wipe out much
of the debt burden because the
money with which debts are paid
would be rendered less valuable.
But at the same time it would be
difficult to 80 business of the value
Of the medium Of business eX-
change were destroyed.
Business already has begun 10
improve some and shows hopes Of
continuing its recovery. so It might
not be a bad idea 10 leave 1t alone
for q time and see what happens.
Nature frequently aCcOmpliShes re-
suits when doctors fail.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07
~ Y Bonds
Reprinted from Yesterday
DAILY BOND INDEX
U. S. GOVERNMENT BONDS

Copyright. 1895. by the Standard Stats
tics Co.. Inc.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07

A ND we still would not be con-
~ cerned If We knew that If we
spent the money We have We could
get more. Money at the present
time is scarce because 1t IS being
boarded. Whether It Is being
boarded in the banks or in mat
tresses is Of little importance.
How can the money be forced
out OF hOarding2 There are at
least two ways open We can
cheaper the things which the pub
lie can use at present or at some
later date. or which they believe
they can resell in the future az a
profit. That would serve to bring
out the money which is now held
in excess Of the needs Of the holder.
II would cause a turnover Of goods.
which is business.
or We can frighten the people
who are boarding money into be-
lieving the greater security would
be afforded II they boarded com-
mOdities or tangible and disable
things. This could be done by de-
stroying. or threatening 70 destroy,
the credit Of the United States.
which. Of course. Is all that there is
behind the money with which VI
90 business.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-07

(By Fenner & Beane.I
Libertys
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
STEELE in SAVIN
ROCK GO TONIGHT
Waterbury Heavyweight
Meets NeverdOwski at
White City Stadium

New Haven. Sept. 17.-One of
the best amateur boxing cards Of
the outdoor season viii be staged
at the White City Stadium. Savin
Rock, tonight, the first bout
starting promptly at $40. Joe
Steele, Waterbury heavyweight.
and Eddie NeverdowHki OF Bridge
port are to clash In one OF the
feature bouts. steele In seeking
q bout with Johnny Hogan, New
Haven knockout puncher. but he
has to defeat the Park CITY fight
er before he viii gain shot at
the Elm CITY glover.
Other bouts announced by
Matchmaker Gray on the card that
VIII run to ~ contests, bring to-
gethcr. Johnny Buff, Waterbury
welterWeight and Paulie Warren,
Meriden; Eddie McGrnw, East
Hampton Junior lightweight and
Al Carr, New Haven; George
Fitch, New Haven middleweight,
md Joe Kiemba, East Hampton,
and Gene iIaggerty, West Haven
light heavyweight, will attempt 10
take the measure Of Dom MorelIi,
Windsor Locks.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
Elks BOWlers to
Register Oct. 5

A meeting OF the temporary
bowling committee Of the Water
bury Lodge of illks was held IN
the lodge rom thsisweke
the lodge rooms this week for the
purpose OF making arrangements
for the coming bowling season.
October 9th was set ~ the tinal
date on which tho members could
sign UP for the League. II ~ ex-
pected that many Of the teams
Will 10 the same an In the past
season, and mem bers are asked 10
sign up M complete teams NJ much
IN possible with the captain des-
ignatcd.
The committee Will meet again
on octboar. 7th for the purpose OF
making up teams not already
tilled and 10 arrange q schedule.
Actual bwiIng viii commence on
DOT. 18th and the handicap sys-
tenn viii again be featured.
AZ soon m the bowling In un-
derwRy, the temporary committee
will he replaced by u COMMITTEES
consisting Of the captains OF each
team and meeting Of the new
committee. will take place 10 make
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
attauck Golf Finals Sunday
RALPH DUDE Won
MEDALIST HONOR;
MEETS BUD CARR
Open Scramble for Golf
Title Began Today With
Match Play

Ralph DUDE. tho golfing eIectri.
clan whose game seems I, be wired
with insuIin, turned In q slick n
10 gain medaiist honors Of the club
championship play ut Mattatuck
Country Club and began his chase
for the title today against Bud
Carr, youngest member of the Carr
tribe OF divot diggers, and future
physician with n Tordham back.
ground. Finals Of the tournament,
which is in charge OF Paul Priii,
club professional will be played ON
SATURDAY afternoon.
Another Effort
Jack Frenzy, who won the title
once in II starts, will be among the
players most likely 10 succeed this
season. Hc and Jack Gallo quail.
fled with an 81. Today, Gallo was
scheduled to play Bill Gray while
Handsome Harry Brennan was
Freney's opponent In the first
round. Ned Farley, who reached
tho finals last season In paired
with Charley gummn while Melad
Malouf, who has his heart and
game set on the championship OF.
poses Dick Hyiapd. Walter Monroe
. I'd Layton Rose; the father and
son combine OF Bill Birs, senior
and junior. Don Walker and Peter
Fitzhenry are other first round
matches which must be complied
today.
Champ Out
Frank Byrncs, defending cham
pion has been unable to compete
in the club tournament, due to an
infected foot. Qualifying scores and
general play of the competitors In
dicate that any one OF six golfers
can win the championship with
quarter and semi final matches cx-
pccted 10 BIO full Of thrills on tho
par 80 nine hole layout, ono of the
hardest In the state to beat.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
LOurdes Football
Drill Tonight

The LOurdes Jra., will gather for
another football drill ana practice
tonight at $3.50 at the Mil street
grounds. After the regular exer-
cises conducted by Al Cipriano a
business meeting win be called by
Manager Tom Ititucci. The chief
disc ussiOn OF that meeting will be
the raising OF funds for football
Jerseys, Il new football. etc. One OF
the best men ever To wear a
Lourdes uniform. Tony Barbieri
left for Wayne. Penn, where he
will wear the colOra OF the Valley
Forge Military academy. likewise
leaving n big gap In the Lourdos
bnckfield. The all around play Of
Curly Gwidjinslsi In the back
field, who enlisted In the G. G. g..
"A short while ago win also be miss
Ing.
In addition 10 those already at
tending tho practices, Joe Ma
politnno, Prank Clement and Joe
Lombard are also requested to put
In an appearance.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
YALE SQUAD in
GOOD SHAPE AS
DRILLS BEGIN
Pond Anxious to Strength
en- Line for Opening
Game

Gales Ferry, Conn, Sept. IT,
(UP)--Yales football squad ap-
penred 80 well conditioned to
Head Coach Raymond D. (Ducky)
Pond that he has started the pre-
season training schedule with two
daily drills.
The workouts. described as =
bit heavy for the first day. con-
sisted of passing. tackling the
dummy. running, kicking and set
ting up exercises. Cool weather
made conditions ideal at the
Thames river field.
Live tackling will be added late
In tho week and Hehimmages Will
follow after the squad returns to
New Haven Saturday night.
Dick Barr and Dave Colwell are
being shaped ms regular centes and
most attention In being given to
shaping strong line. where Pond
admitted there ia Il Encouraging
weakness.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
ROGERS, ZUBRAS
TO MEET FRIDAY
ON CITY COURSE
Charley JurgOnis and Roc.
co SOlOnuta Paired;
Sully vs.. Bergin

Double difficulty caused BY
last weeks weather and the sItua-
ton Of players working hours pre-
venting them from meeting as soon
as they would like TO, decided the
tournament committee Of the Wa
tcrbury Democrat after n confer
ence with Dave Hayes, professional
at the East Mountain club TO con-
tirue the tournament through the
current week, with an IS hole fin-
al test for the championship
scheduled for Sunday afternoon,
beginning at 2 O'Clock.
-Four Left
AZ the situation now stands,
Charley JurEonis, winner OF re.
cent tournament at the municipal
ly owned course, Johnny Rogers.
1894 amateur golf champion OF
Waterbury Al Zubras and Rocco
Solomita will battle 1t out for the
two final spots on sunday. Jur-
gonis and Bolomita are paired IN
o. bracket and will play their
semi-finBl match tomorrow or
Friday, while Rogers and Iubras
are carded for Friday afternoon.
Kelley In Finals
In the second division, Frank
Scuily the favorite fireman Will tee
off with Johnny Bergin an soon ~
both can arrange their working
hours to play the match which
must be finished before Saturday.
The winner goes into the second
division finals with Vincent Kelly,
who won his way to the final post
Saturday afternoon.
Dougias w KaduIis
In the third division, yesterday
Stanley Kadulis disposed OF Frank
Bouley 4 up and 3 to play. though
Bouley's medal score of w was
eight strokes better than that OF
the winner. Kradulis will tangle
with Al "Babc" Douglas for tho
top honors Of the division. the win
ner to receive a dozen Wilson golf
balls an a prize. All In all, some fine
matches have been played during
the meet which will wind up on
Sunday.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
W.B. c. MEMBERS
PA%A. R.C.LIFE
SAVING TESTS
John Caffrey Scores Best
Among Five Seniors;
Group of rs O. KID

Completing n late summer course
in life saving and waterfront safe
ty five senior and rs Junior. club
members successfully passed tho
coErse and tests nv given by the
American Red Cross TO the public
in the lcsseping OF drowning ac-
cidents at the Boys Club pool un-
der tho direction of Physical direc-
tor Ted O'Donnell who In reg
istered Examiner in the service,
Tho tests ana examinations were
brought to n close last night.
Caffrey Tops
In the senior division three OF
the students took original tests,
while renewal examinations were
given 10 two others. High scorer
for total number of points In this
division was John J. Caffrey with
n total score Of 81 out of a possible
100 points which IN perfection. A
past member OF the life saving
corps. Rocco c. Rinaidi, who had
taken the renewal examination
scored Just under caffrey with q
8g.b score.
The senior group included Haw-
trey J. Yeames, Theodore y. john
son, William J. Zenicls, John J.
Caffrey, and Rocco II. Rinaidi.
Large Squad
In tho junior division twenty
five boys passed the elementary re-
quiremcnts Of iife saving. These
ARE in the form Of Beginper and
Swimmer tests. The Beginners In
cluded: Vincent AmdaIina,l Sylyio
Arciero, Ernest Crocho, Daniel
Spardone, Louis Bonvissutto. John
ZappuIIa, Morris Irrapino, Mario
vagDini, Edmund CodianDe, Patsy
Bruno. Boys passing tho more ad-
vanced swimmers tests are an
follows: Alfred BoIduc. Salvatore
Lombnrdo, Lazarus Iannocconc,
Paul Pcllitier, Francis Orlosky.
Charles GoOgins, Joseph Barberi.
Antonio Zazimovich, Frank sum-
ma. Harold Bolduc, and Louis
Bc0zzafa,
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-09-17
BY HENRY McLEMORE
United Press STAFF COrrcsDOndcnt)

y
Cambridge, Mass. Sept. IT,
(UP) ---Surrounded by some 40
boys dressed In uniforms that fair
ly shriekcd their newncss. Richard
Cresson Harlow. big. bald, and a..
yesterday began his new duties as
Harvard football coach with these
words:
TITS a big job we face. fellows.
A. tough Job. For while VIC may
have to win games on pure fight.
But remember, the only disgrace In
being knocked down iS not getting
up. Let's get going"
Harlow Is rlght---he does face u
big Job. Probably the biggest of
any coach In the country. Lifted
from the comparative obscurity Of
Western Maryland university when
Harvard suddenly decided TO ecrap
Its policy of graduate coaching,
Harlow was handed squad yes-
tcrday which outnumbered, by 4
to ], any he ever had In his 20
years of conchlng at Penn state,
Colgate and Western Maryland.
All about him, running. passing
and kicking, on tho spacious field
that adjolns the lovely Dillon field
house, were dozens of big, strap
Ing, players-but he didn't know
any of them. lie never has seen q