davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
WABASH ROAD
SEEN INVOLVED
IN REvAMPING
BondhoIderS May Be Asked
to Accept Liens Depend
ent on Income.
BIZ Times Special


NEW YORK. May 25.-Overtures
looking toward a reorganization and
rehabilitation of the Wabash Rail
road have been made by holders Of
the roads senior liens, including the
refunding bonds, according 10 re-
ports current today in Wall Street
While details are lacking it is
understood that bondholders may
be asked to accept income in lieu
Of fixed interest bonds, or bonds
semi-fiXed as TO interest and con-
tingent upon earnings. However,
the plan at this stage is nebulous.
Thus a devaluation Of the 500, =
100000 investment of the PennSyl-
vania Railroad in the Wabash is
indicated. The Wabash, which de-
ponds a great deal Of autOmOtive
activity, went into receivership in
December, 1881.
The Pennsylvania Railroad con-
trolls 1862 900 shares of common and
$4,000 shares of preferred A stock
Of the Wabash, or 40 per cent Of
the voting stock.
Prior to the stock market crash
in 1929 the Pennsylvania Railroad
consummated a spectacular $1O6,-
100000 deal whereby control of the
Wabash and the Lehigh Valley
Railroads was acquired.
For January the Wabash showed
an operating deficit of SAB 900. This
ives reduced to $234,816 in February,
while IN March net operating in
come totaled $502,O32. Any project
ed reorganization would need take
into consideration the roads i'm
proved earning power.
Directors OF the Chicago, Mil
waukee, st. Paul & Pacific Railroad
are expected to meet soon to dis
cuSs reorganization of that North
western carrier. Representatives of
Kuhn, Loeb & Co. may be invited
to sit in" on the discussions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
APRIL GROCERY SALES
GAIN OVER LAST YEAR
Volume for First Four Months Was
3.5 Per Cent Higher.
BIZ Times SpcciGI

By Times Special
WASHINGTON, May 24.-Daily
average sales of chain grocery stores
for April increased about 6 per cent
in dollar volume as compared with
April. 1884, and were about IL per
cent higher than for April, 1888, ac-
cording to preliminary estimates
just released by the Department Of
Commerce. Sales for April were Is
per cent above March.
Sales for the first four months of
1885 were 3.5 per cent higher than
for the corresponding period in 1884.
The percentage changes shown
are all computed on daily average
basis which makes allowance not
only for the varying number of
business days from number of bust
ness days from month to month but
also for the varying sales impor-
lance of the different days of the
week. april, 1885, sales without
such adjustment were 9 per cent
above April of last year,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
BANK CLEARINGS GAIN
Leading Cities Report Total of
S5,OS1, 168, 900 for Week.
By Tim es al
NEW WORK

o IWe8 NUflFdI
NEW YORK, May 25. - Bank
clearings reported by % leading
cities in the United States for the
week ended May % amounted to
s5,081 ,168, 900, compared with s4,326,-
$4,000 in the same week last year,
according to Dun & Bradstreet, Inc
The current total represents an
increase of ia per cent over the
figures of a year ago, and compared
with a loss of So per cent during
the previous week. Centers outside
Of New York, as a whole, showed an
increase Of 20 per cent over last
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
KNUDSEN SEES GREAT
STRIDES IN AUTO FIELD
Progress in Next Five Years Will
Top Last 20, He Declares.

DETROIT, May 25.-William S.
Knudsen, vice presidnet of General
Motors Corp predicted today that
the automobile industry will make
greater progress in the next five
years than has been made in the
last 20.
Materials, theories and costs are
changing he said. Engineers are
cooperating more and more closely
with the shop. Out of their CO.
operation will come advancements
undreamed of 20 years ago.
Formerly the average driver was
satisfied with 5000 miles of car oper-
alton without major repairs. Now
he demands-and should receive
10000 to $1,000 miles without re-
pairs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
CAR L0ADINGS GAIN
Expansion Of SAP Units Shown in
Week Ended May Is.

b. mud 'TISs
WASHINGTON. May 25.-The
Association Of American Railroads
announced today that car loadings
Of revenue freight for the week end:
ed May Is totaled 5S3327 cars. an
increase OF sl42 above the preceding
week. but a reduction OF 29.0O4 be-
low the corresponding week in 1884
Miscellaneous freight totsled rs
ATS cars. an increase Of 1888 above
the preceding week. but a decrease
OF 13l03 below last year. Merchan-
disc in less than carload lots to-
tailed 1889 cars, decreases OF
1869 and SAG.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
HAS RECORD DAY
By Times Special

BIZ inns SpfcidI
FIT. WAYNE, Ind, May 24-The
largest number of policies ever
mailed in one day by the Lincoln
National Life Insurance Co. were
sent 10 new policy owners on May
20, according 10 A. L. Dern, vice
president and manager Of agencies.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
INDUSTRIAL LOANS UP
SHARPLY DURING YEAR
Increase of S28,877,OOO Reported
Since First of Year.
BIZ Times Specidl

BD tmCS Special
WASHINGTON. May 25-As of
April "a a total of S81.134 900 in in
dustrial loans by Federal Reserve
banks have been approved, an m
crease Of S2S,877 from Jan. 2, &C
cording to the monthly bulletin Of
the Federal Reserve Board.
AS of April "a rejected applica =
tons amounted TO S185, 672 900. Ad-
vances outstanding last month, ex-
GLIDING repayment in the amount
Of S547 900 by Jan. 2 and $3.50, 900
by April "a totaled SIG sos 900 and
commitments outstanding amounted
to S16,9O8,OOO
Applications received have been
smaller in both number and amount
since the first of the year than IN
the period from August to December,
1884, it was pointed out.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
BUILDING AWARDS RISE
Engineering Contracts Show Gain
of 12,619,000 in Week.
By Times Special

NEW YORK, May 25.-Engineer-
ing construction awards during the
last week amounted to S34,299, 900,
on increase Of s12,619, 900 over the
preceding week. according to the
weekly report released today by the
Engineering News Record.
High state and municipal awards
totaling s18.335 600 and Federal
work contracts at s1o,777 900 are be-
lieved responsible for the sharp in
crease, the report stated. Private
awards amounted to only 5,187, 900,
considerably below last week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
Presidents Veto Speech,
French Bank Rate Boost
Cheer Sound Money Men
Two DEVELOPMENTS Indicate That Large Powers Are Still
Disposed to Pursue Orthodox Practices in
Monetary Matters.
BY VINCENT LYONS
United Press Financial Editor

turbulent
still sufficient for the
prdefuy
other orthodox
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
ss2 ASK REGISTRATION
By Times Special

BIZ fme8 ADFct1I
NEW YORK. May 23.-Approxi-
mately 592 applications for perma-
nent registration of stocks on the
New York Stock Exchange has been
received by the committee on stock
list as of May 20, it was announced
today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
Produce Market
CReprin,sa Prom Yesterday

INFFFIIIE1 FE0M 1ts-cF-ANT
Delivered IN Indianapolis prices. Hezvy
eroiIe-s ! ia. and Up. Zee. Leshorn broi.-
ers. IA lbs. and - fail featheTc I7c. Leg
horn brollerx lbs. and Up full featherec.
l6c. bareback hroilers f7c. cocks and
Staes. &c Ducks. fun feathsred and fat
Tc geesa full fsthered and fat Sc All
classes Of guineax. lSc. No. ! strictly fresh
country run eggs. loss OF lse- Zach fun
case must weigh IS los. gross q deduction
q loc q pound under IS lbs. vii be made
Butter-No J. 1eGSoc nutIerfaE &c.
Qglted b TIE Wadley CO.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
CITY LOANS UPHELD
Petition of Alabama Power Co. Is
Denied by Circuit Judge.

bV fWf8 FUfFFNI
TUSCUMBIA, Ala, May 25.-A
petition of the Alabama Power Co.
asking that the cities Of Tuscumbia
and Sheffield be enjoined from Dor
rowing money from the Public
Works Administration to erect mu-
nicipal power distribution plants was
denied here by Circuit Judge c. P.
Almon.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25

TNDLANA'S plan for workS-rellef.
Il together with that of Alabama,
received especial distinction this
week. The two programs were cit
ed by President Roosevelt as be-
ing examples for other states 20
follow. Wayne Coy. state I'M
EMPLOYMENT relief director. was
honored with the request TO at
tend a White House conference.
He had a two-hour conference with
the President. IN company with
Harry L. Hopkins. national relief
administrator. and Harold S. Ickes,
Secretary Of the Interior Be
cause OF the perfection Of the IN
diana plan. the state Is virtually
assured Of 100000 900 from the
81 500 900 600 works-relief fund
Another state official Is in Wash
ington for conference with gov
eminent officials. r. Earl Peters,
Indiana director OF the Federal
Housing Corp. conferred with ma
tional authorities in regard 10 new
regulations. He was able 10 report
a marked improvement Of conStruc-
ton in Indiana. More building Is
now under way than IN any three
years since the depression started,
ne said.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
TWO FACTIONS
REACH ACCORD
ON MATCH DEAL
American and Swedish
Bank Groups Agree on
Plan of Purchase.
BvTimcs Special

By Tune Special
NEW YORK. May 25.-When War
Kruger. Swedish match king. died
in Paris few years ago. he left a
legacy Of astounding financial trans
actions. over which bankers and le-
gal minds Of two continents have
been pickering since.
This week an important forward
stride in untangling the complex
structure Was taken when American
and Swedish bankers representing
the International Match Corp. and
the Swedish Match Co issued a
/ Joint statement announcing that &C
cord has been reached in principle
on al or nearly all substantial mat
/ tiers Of common concern to the two
interests.
To Acquire Properties
The basis Of this accord will be
the acquisition by the Swedish
Match Co. Of all European, excep.
Turkey, and also the Philippine
match properties Of the Interna-
tional Match Corp. The latter is 20
receive S8.5O0.O 900 in cash and 100000
shares of Swedish Match Co. B
stock.
The stock to be handed over has a
par value of 25 Swedish kronor, or
approximately s625 a share at the
current rate of exchange. Ameri-
can interests will be given repre-
sentation on the board of the Swe-
dish company.
JacOg Wallenberg. managing di-
rector of StOckholm's Enskilda
Bank. representing the Swedish
Match interests. and j. c. Trapha-
gen. president of the bank of New
York and Trust Co. representing the
international Match interests, issued
the following statement:
Held as Constructive
We regard the plan as construc-
tive and as fair to all interests. We
believe it should serve to CONSOLE
date and strengthen the industrial
position of the Swedish Match Co,
in which the American interests
upon cOnsummation of the arrange
ments will become substantial stock
/ holders.
After the papers are completed
the entire matter will be submitted
TO the stockholders of the Swedish
Match Co. and also to the United
States Court in New York on due
notice to all creditors of the In
ternational Match Corp.
Agreements of both parties with
Kreuger and Toll interests are also
being negotiated and have already
been partly completed; on conclu-
sion of such understanding sub
Stantially all of the matters in is
sue as between the three companies.
arising out of the confused condi-
lions of affairs found to be exist
ing at the time of War Kreugers
death, should be cleared up"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-25
MORE SOCONY
STOCK is SOLD
/. BY ROCKEFELLER
John D. Jr. Reduced Hold
ings by 1890 Shares in
April, SEC Reports.
BvTnftedPrem

BIZ Tnitcd Prss
WASHINGTON. May 25-John
D Rockefeller Jr. disposed Of 1890
shares u his holdings Of SOcony
Vacuum OIL CO stock during April,
reducing MS snareholdings to s4.-
992 90. the Securities and Exchange
Commission seycalec today.
At preseEt prices Il SIS per share
his inYcstme1, Tag reduced by
1892 900 70 = total u 1881 .050. The
stock y as disposed ~ ~ small trans
actions. DWlng March the SEC
disclosed that Mr. Rockefeller had
given away $4,000 shares Of Socony
Vacuum holdings.
Other important security trades
during April follow
Irenee du Pont purchased 1900
shares of General Motors Corp.
common. General Motors Secuu-
ties Co. reduced its holdings by
1000 shares to 11.923.852.
George w. Hill. president Ameri-
can Tobacco Co. purchased 1900
shares of tobacco common stock;
L. w Baldwin acquired 1900 shares
of Equitable Office Building. Sam
uel H Kress disposed of 1864
shares of S. H. GresS & Co. COM
mon. J. P. Morgan 81 Co disposed
of 8O7 shares of Kennecott Copper
Corp. stock.
Large salary payments reported
by the SEC follow:
Consolidated Film Industries
H J. Yates, president ......-......s6 500 900
Illinois Central Railroad
L. A. Downs, president ...-....... $50 40S
Consolidated Chemical Industries
Solomon Peiser president .....-... S32 600
McKesson & Robbins, Inc.
F. D. Coster. president ..--.......s40 $50
c. F. Michaels. vice president .... 30 so
j. F. Thompson. treasurer ..-...... 30,l6O
Kobacker stores, Inc
J. NJ. Kobacker. president ......... S45. 900
A. j. BobaCkeT. chairman .-...... SO TOO
j. N. zeckhauSer, vice president. IS 500
E. J. Komarek vice president -..-.. IS 500
J. I. Glickman. vice president Is 500
Tick Weiss .ivec president .....-.. IS 500
ALSO president OF two subsidiaries.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04

couple of hours give the attendants chance to make
things presentable We knew whether food
delivered to the patient.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
F |NGERPR|NTS
FOUND ON CAR
Of ELLISON

ROANOKE, Va, June 4
Fingerprints may solve the hitch
hiker" murder of James M. Eli
son, it was indicated here today.
Ellison's car, found abandoned
in a wooded section about 10
miles south of ChriStiansburg,
has yielded several distinct prints
which are being checked care
fully by Robert C. Johnson,
fingerprint expert of the Roanoke
police department.
The body of Ellison, who was
manager of the historic Brandon
estate on the James River, was
found early Friday on a roadside
near Richmond. 1t is the authori-
ties theory that he was murdered
by someone to whom he had given
a ride in his coupe.
Ellison disappeared after leav-
ing Washington Sunday after
noon. He had been visiting at the
home of his sister, Mrs. Arthur
D. Willard, widow of the late Ad-
miral Willard, 2101 Connecticut
Ave.
Ellison, who was ST. was wear
ing a valuable diamond ring when
he left home, police have learned.
The ring was missing when his
body was found.
The murdered mans car was
found on the farm of Roy Har-
mon.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04

CAT the sokolnki hospital not far from here very sick
with typhus, he replied
He proceeded tell of how he and his comrade had
away from the Kokand hospital boarded train for
Moscow, and what time he had holding Knotek down by
main force he derous and in high fever He had
tried to jump off the train several times He taken to
the hospital stretcher from the railroad station.
The day my.wife and to visit Knotek. He
lying bed of boards without springs in narrow dark
cold corridor His lips and tongue black He lay with
in the midst of his excrement. Immediately
demanded the chief doctor and complained to him
bitterly.
1.-THE boy is going to die anyway" he explained reply
$50 there is bothering about him.
whether he is going to die moi" protested, he
deserves attention long he is alive will complain
to the highest authorities -
When we made subsequent calls Knotek bringing
him some food, kept waiting each time for
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04

Union, as soon as he grad
uated, to help establish the
workers government. For
this they sacrificed every
thing.
"A few days ago I cabled
Knotek's mother that her
son George was dead. What
shall I tell her? How shall
I explain to her what hap
pened here, how her boy met
his death? Instead of using
the young mans talent as a
craftsman, he was sent as a
chauffeur to a dangerous
sulphur mine in Central Asia
where in czarist days pris-
oners were sent as a punish
ment. Sending him to the
sulphur mine meant sending
him to his death. It is the
fault of the bureaucrats. -"
At this point | broke into
tears and could not continue.
My wife and Blaha wept
with me. The Soviet officials
present kept their eyes
coldly fixed on the ground.
A fter the casket was
lowered, three Red soldiers
came to my side and con-
graduated me.
''You have told the truth,
comrade," they said and
squeezed my hand.
This is the eighth of a series
OF articles on Soviet Russia By
Andrew Smith, an American
Communist.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Too Haggard to Be Recognized

Don't you know us, Comrade Smith? Don't you re-
member how travelled together to the Soviet Unon?
Then began to recognize my former companions on the
way from America 1t was the group that had been sent
to Kokand, Central Asia. There Lazarenko, Of
Ukrainan origin machnist who had left his wife and
children in Chicago. There Otvech, Hungarian car
penter member of the Young Communist League in the
United States There X, Irish machinist from
Chicago and a member of the Communist. party.
All haggard and emaciaed that had failed to
identify them All night long they related their experiences
to and my wife.
These men had owned their automobiles in the United
States. This qualified them chauffeurs They sent
to the sulphur mines Kokand Under the czars these
mines had been worked by convict labor.
They told that they had often been compelled to stay
the job for 48 hours in shift Soon they all laid
up with malaria and typhus Sometimes they had not
bread for weeks Bread 40 rubes ko and the
monthly pay $50 rubes. They had sold all their belong
ng from garments to fountain pens buy bread and
to Moscow with only the clothes they wearing.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Spend Month in Hospital

They had spent than month in the local hopita-a
miserable shack lacking the bares medical attention. They
had left behind them there young American Communists
Knotek and Blaha. Upon their arrival in Moscow they
vaded the of labor and the trade unon and
minced words in voicing their thoughts.
"You call this Communism the Irshman K, spokesman
for the group flung at the Soviet officials when few
ckpttes take easy and have all the privileges while the
rest of the people starve!
when get back to the United States will tell the
truth about the rotten system here"
They demanded return tickets The officials tried to calm
them and bride them with promises Of better jobs But they
refused and obtained passage for America.
One week later found the young Blaha waiting for me
at home His face thin and yellow, his voice weak his
clothes many sizes too big for him. He had lost almost all
his hair There only skeleton left of the robust lad
who had left the United States burning with enthusiasm for
Communism
Where is Knotek? I asked
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Boy Scout Unit
Gets Flag Today

An American flag will be pre-
sented to Cub Pack, 80, Boy Scouts
Of America, at 2 p. m. today at
Powell Elementary School, Four
teenth and Taylor SITS. N. w., by
DR.. Meyer Ostrower, junior vice
commander of Post So, Jewish
War Veterans. Powell Parent
Teacher Association. Brightwood
Citizens Association and Army and
Navy Stores, Inc, will present
other pack and den flags.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Flees Hospital Nth Typkus

where is Knotek?" I asked.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
He Dies Alone in Strange Land

Two weeks later Knotek died. cabed to his parents in
Berwyn a suburb of Chicago, the of the death Of
their only then arranged for official funeral
the Moscow cremaorium. There about 40 people
present including soldiers of the Red army made
a short address, follows:
Before lies the body Of young American Com
muns who to this country with enthusiasm for the
building of socialism and a better world.
He was the only of Communist parents who had
raised him and educated him to be craftsman Their
sole hope and ambition for him to to the Soviet
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Michigan Club
To Honor Abbott

Horatio j. Abbott. Democratic
national committeeman fro m
Michigan, will be guest of honor
at dinner given by the Michi-
gan Club of Washington in the
Pan-American Room at the May
flower at 7 o'clock tonight
Other guests of the club will be
Postmaster General James Far
ley. Senator Guffey of Pennsyl-
vania, Julian Friant, special as
sistant to the Secretary Of Agri-
culture, and the Michigan con-
gressional delegation.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Do You Remember?
(AnSDerS to questions on
Pace 81

(AnSWerS to questions on
Page 81
Mr.. Whiteside, coach Of
the Harvard crew, denoted
the varsity boat in which
Franklin ID. Roosevelt, jr.,
rOwed No. 2 oar.
Sawyer, a member Of the
Barker-Karpis kidnap gang,
was arrested by Department
of Justice agents.
Smindak admitted a $780,
900 extOrtiOn plot he had
directed at several prominent
persons.
DIR. POpenpOe, head of the
Institute of Family Relations,
advised girls to marry in
their early twentieS.
Marie McKeever, Tri.State
gangsters' girl, was indicted
for robbery of a National
Guard arsenal.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
Family in Church,
: Boy Disappears

Robert Daugherty, IA, son Of
the Rev. Simpson B. Daugherty,
2 Adams st. N. w., ran away
from home Sunday night while
his father was preaching at Me
mortal United Brethren Church,
the father told police. asking
them to look for the boy today.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
SORORITY TO DANCE

Phi Pi Epsilon Sorority will give
a dinner-dance next Saturday at
1880 b. m. in the west ballroom
Of the Shoreham Hotel.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
FORCED LABOR IS KEY
. OF SOVIET SYSTEM
No Capitalistic Exploitation Can Compare
With Stain Plan, Says American
Communist
Andrew Smith, in Russia to Live in Freedom"
Bares His DisillusiOnment.
By ANDREW SMITH

It is lie that there is forced labor in Soviet Russia
the Communist propagandsts claim. The Stain system
is built entirely forced labor.
1t is perpeuaed by starving the workers. by deprivng
them of the fruits of their TOLL by reducing them to state
Of relentless bondage
AS lifelong worker, declare that capitalist exploit
taion compare with the exploitation of labor in the
so-caed workers. republic.
About four months after my arrival in Moscow upon my
return from work evening" I found my the
Matroskaya Street filled with eight whom
did not know looked in establishment from one to the
other. Then one of them called out:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1935-06-04
$1,455 GEMS STOLEN

Jewelry and clothing worth
$1,455 was stolen from garage
in the rear of his home. Arthur
L. Bassell, 26 Logan Circle, told
police.