davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
PARIS SELLING
LINT AS HEDGE
AGAINST FRANC
Dealers Assert Spectators
Expect Detection From
Gold Standard.
By Times SpccioI


NEW YORK, March 25.-New In
dication came to light today of lack
of confidence by speculative inter
ests in the ability of France-sup-
ported now only by Holland and
Switzerland-to remain upon a
free gold standard. Cotton deal
erS declared that Paris. since the
middle of last week, has been selling
cotton futures heavily in New York.
The purpose of this, local dealers
believe is TO build up dollar ball
ances as a hedge against the pos
sibility of deyaluation of the franc
or detection of France from gold.
If France takes steps similar to
those Of Belgium, the dollar would
rise and cotton prices would drop
for a time. it is believed The trade
threat of sterling against all of the
gold bloc countries is also seen as d
reason for the depression of world
commodity prices.
Belga Analogy Stressed
A number of analogies we're
drawn today between the present
position of Belgium and that of the
United States when President
Roosevelt put lock and key on the
nations gold on March 6, 1888.
Remembering that it was not
until April 10, 1888, that this coun-
try officially announced itself as off
gold, foreign exchange dealers we're
wondering whether Belgium eventu-
ally would talke similar action.
In both countries. the original oc-
casion for declaring an embargo
upon gold was accompanied by a
dangerous exodus of the metal from
the country. 1t was revealed today
that during the two weeks preceding
the Belgian declaration. there had
been a loss of some 100000 900 Bel
gian francs from the National Bank
of Belgium, chiefly because of
wave of boarding.
This was accompanied by with
draWal Of deposits from most of the
Belgian banks and a flight of capt.
tai from the cOuntry-manifeS
tons similar to those which took
place here on huge scale previous
to the gold embargo two years ago.
Moreover, in both countries. the
depression was at its bottom.
Whereas conditions in the United
States are far better than in 1888,
the Belgian situation, with the eX-
ception of a slight improvement in
1888, has continued to become
worse.
The chief point of difference in
the action on gold is that Belgium
has not prohibited private hoard
ing, but has only made gold more
difficult to get, whereas the Roose-
welt order removed it from private
hands, placing a heavy penalty
upon boarding. In that sense, Bel
GUM is still a gold nation Proba-
bly, the Bank of France has also
made other stipulations regarding
maintaining gold exports in return
for credits it. is believed
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25

Unlisted
rlu-irs include
u those for
which a market
made but
which are not
listed on an y
recognized OK
nauEo Dealers
in these sccuu-
tics arc catered
all over the
country but few
OF them belong
IN any oTganiza-
ton or folio Y
anv set rules Of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25


the Unemployment Insurance Commit
tee Of President Roosevslts Industrial
Advisory Board. has written six articles
for The indianapolis Times. Of which
this is the third.
. The English have had more than
twenty years Of experience with I'M
employment insurance. We can use
some Of their experience to advan-
tage. We also can avoid most Of
their mistakes.
The British system has gone
. through a number 0f vicissitudes
since IL was started IN 1912. They
had no precedent TO guide them,
and had 70 learn it all at lrst-hand
as they went along. The greater
part Of their troubles. by far. came
from an extension of insurance
. benefits TO the hOpeleSsly unem-
Z plOyed. Politics comes in here as il
may IN any democratic country. A
multitude Of people who had no
claim on insurance benefits was
thrust on the insurance system.
Eventually. that came to an end, and
now the insurance system Is on
sound basis.
CONSTITUTIONS. as premiums, are
paid weekly by the worker. his en-
ployer and the state IN equal pOr-
tions-one-t third for each.
British Plan Compulsory
The British system is compulsory
and Is a fiat rate sytsem. Every
body who IS insured pays weekly the
same amount of premium Gt varies
slightly. according to sex and age,
and IN case of unemployment the
weekly benefits are the same for all.
irrespective Of salary or wages
earned, except that there is a gra-
dalton on account of age. sex and
number Of dependents.
The system originally was based
on an actuarial calculation, care
fully computed, and for some years
II more than paid its way. Al the
commencement of 1921 it had re-
serve Of more than f22 100000.
What has happened in Great Bri-
tain ever since 1921, and in Amer
lea for some portion of that time,
has been nothing less than the par
tail breakdown of the wage system
as the basic means of distributing
the available wealth of the COM
munity.
Added TO the normal complement
Of poverty. the British community
has had to support from 100000
TO $500 900 able-bOdied wage-earn-
ers and their families out of COL
lective funds of various kinds. This
is mass unemployment and no final
remedy for it has yet been discov-
cred in the United States.
In 1920. unemployment relief was
costing England upward of $780,
100000 a year, not counting extras
such as relief works. Only S130000.-
600 Of this came from contributions.
Reorganization of their then exist
ing benefit arrangements also was
urgently required. The insurance
scheme had been sadly mishandled.
COntri0utOry benefits and non-con-
tributory doles, all at the same rates,
we're jumbled together, and an i'm
menSe debt was being piled up for
the insured contributors of the flu
ture.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
LOCAL CASH MARKET

City grain elevators are paving "a cents
for No soft red wheat. Other grades
on their merits. Cash corn No. yellow,
IS cents. and oats - cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25

BY United Press
WASHINGTON. March 25.-Government
expenses and receipts for the current
fiscal year to March o. compared with
the corresponding period of the previous
fiscal year:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
TAX RETURNS INCREASE
Canadian Income Statements for
First IL Months Show Gain.
By Z ines Special

TORONTO, March 25.-Canadian
income tax returns for the II
months Of the fiscal year ended
Feb. % show substantial increase
over the corresponding previous
period, according to the Toronto In
dustrial CcmmissiSn.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25

GONE readers may be surprised
- to learn that the unlisted deal
ers do all their business over the
telephone. Quite frequently men
VINO never have met each other are
we'll acquainted through their mar
ket operations and trust each other
in transactions involving thousands
OF dollars.
Mr.. Kennedy and his assistants
undoubtedly will work out rules
and regulations which Will prove
satisfactory TO the broad list of un-
listed dealers. They have proven
their ability to overcome difficult
situations in the past. and would
seem TO be going about this one in
the proper fashion.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25

dealing. Most Of the leading deal
crs w New York. however. have
banded together under the New
York Security Dealers Association.
By reason Of the fact that trad
ing IN unlisted securities is very
SLOW. dealers are obliged n assume
the role Of buyers. sellers and brOk-
ers. They usually buy as chcaply
ss they can and sell al the best
price possible and take the differ
ence as a legitimate commission.
The market IN some issues. though.
is sufficiently active 10 establish a
fairly close market.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25
BRITAIN'S idle
PLAN is URGED
AS u. S. MODEL
We Can Use Their Expert,
ence, Avoid Their Mis-
takes, Authority Says.

Col Robert &. Ebert, a member Of
the Unemployment Insurance Commit
tee Of President Roosevslt's Industrial
Advisory Board. has written six articles
for The indianapolis Times. Of which
this Is The third.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-25

IT VIII b. extremely difficult TO
Il establish rules and regulations
which VIII be just and satisfactory
% al Of the dealers concerned and
yet provide the proper protection
for the public. M-. Kennedy real-
ICES this and quite properly has
approached the problem carefully.
He has given IL considerable study.
and probably has some very def
mite ideas on now DC should be
worked out. but essentially 10 is one
20 solve through the trial and error
method.
10 was nothing in the old DAYS
for dealers 10 practice the worst
sort of horse trading methods.
Your correspondents frequently has
witnessed the "Copping" Of five or
ten points on stocks selling from
500 TO 5000 a share despite the
fact that the dealers made no COM
mitmentS until they haC buyers
and sellers ready 10 deal.
In more recent years. however,
the larger dealers IN the New York
area have taken on a higher degree
Of rCSpcctabiiity. They have es-
tablished rules If conduct and
trading and require that all mem
bers Of their association adhere
strictly 10 them. They collect
legitimate quotations for the news
papers and require that members
trade at the prices established.
The Daily Alaska empire., 1935-06-26
ST. PAUL'S BALL
 FRANCHISE ISN'T
 GOING TO PEORIA

ST. PAUL, June 26.-Marty Me- Manus, former major leaguer, flank ed by Lou McKenna, former sports editor here, is showing St. Paul some winning baseball this year.
 Furthermore, the combination is producing great magnet for the fans. With the season three weeks old, the Saints of the American As sociation had drawn half as many cash customers as they did in all their home games last seasonl
 That suited the two Macs" very much, for they constitute the spear head of a so-called local baseball new deal based strongly on civic sentiment created by threats of the former owners to sell the Saint: down the river to Peoria last sum- mer.
 The pleasing part of the showing is that St. Paul has been out drawing it's across-the-river rival Minneapolis, by more than two tc one. And-this is whispered-St Paul is only about half the size oi Minneapolis.
 McManus, who came here from the Boston Red Sox. has been sery- ing as substitute infielder in addi- tion to showing the club a few managerial tricks.
The Daily Alaska empire., 1935-06-26
AIR
 TRIP IS ACME OF
 SCENIC BEAUTY
Schlotham and Shank Are hlyPleased with Flight
 to and from Juneau

Wm. F Schlothan, of Ketchikan, and F, c. Shank of San Francisco returned to Juneau on the PAA Lockheei Electra from Fairbanks. Schlothan and Shank were passen- gers on the PAA Fairchild from Ketchikan to Juneau last Thursday and from Juneau to Fairbanks Fri day They returned to Ketchikan on the PAA Fairchild yesterday.
 Schlothan and Shank arrived in Fairbanks in time to attend the annual Midnight Sun Baseball Game" which was of particular in- terest to both men, as Shank had never before been in the Territory and Schlothan, in spite of 32 years residence in Alaska, had never trav- c,ed to the Interior. Shank com-' manted upon the extremely air minded attitude of the peop,e Of the interior and remarked about the high quality of the equipment used by Alaska aviation compan- ies and the courtesy and technical ability of the personnel.
 From Juneau to Whitehorse, en- route to Fairbanks last Friday the plane flew through brilliant over miles of snow covered mountain peaks which Shank de- scribed as the acme Of scenery"
 Schlothan, who is President of the Beegle Packing Company, is returning to Ketchikan to prepare for the opening of the fishing sea son on July 5. Shank will travel from Ketchikan to Seattle by ship and thence by rail to his home in San Francisco.
The Daily Alaska empire., 1935-06-26
COLISEUM MOVIE,
 DEFECTIVE TALE

The story of One Exciting Ad- venture" which opened at the Coli scum Theatre last night, has to do with a girl known as the most fascinating woman in Europe who has no trouble in resisting men but whose fingers itch every time she hears glittering diamond. Bin nie Barnes is cast as the European beauty; Neil Hamilton is the man Binnie wants and Paul Cavanaugh is the man who wants Binnie.
 Hunlor is contributed by Grant Mitchell and Eugene Palette, who enact the roles of the worlds worst detectives. They bungle everything until, at the surprise ending of the picture, they stumble upon fa- nous crook.
The Daily Alaska empire., 1935-06-26
NORTH CAROLINA
 BOASTS TRACK MEN

CHAPEL HILL, N. C.. June 26.- The University of North Carolina s victory in the recent Southern con- ference track and field meet brought that schools record for conference track triumphs to three straight outdoors and two in a row indoors.
 In the last 13 years Tarheels have shown their heels to confer ence thin-clad foes five times in the outdoor championships and four times in the last six years, Be- sides, they have won the state championship l4 straight years.
The Daily Alaska empire., 1935-06-26
I|'1IILlIvI|
 n.1 1I THEATRE .Al|
WALTER CONNOLLY.
 IS STAR, CAPITOL

In his newest film role, Walter Connolly, in Father Brown, De- tective," which opens at the Capi- tol Theatre tonight, assumes the personality of man. already made famous by fiction. Connolly brings to the screen the loveable and ec- centric amateur detective made familiar to millions of readers by Inc c. K Chesterton stories which appeared in the Saturday Evening Post.
 The film is devoted to battle of wits between mild Father Brown and the most dangerous Of Euro pean jewel thieves, Flambeau, who is intent on stealing the Flying Star diamonds in Father Browns pos session.
The Daily Alaska empire., 1935-06-26
F. ). R. SETS UP
 ORG CANIzATION
 FOR U. s. YOUTH
Chance in School, Private Industry Offered
 Young People

WASHINGTON. June 26.-Pres- idcnt rcooseyelt established Ma ticnal Youth Administration" here today to meet what he called a great naticaa' nco1 by offering un- employed 5odt.. their chance in school. t.,a- turn as apprentices and their opportunities for jobs"
 The new agency will be under the Work Relief program. The President has set aside $50,o00,0O0 for pro- yiding work apprenticeships in pri- vats industry, offering high school and college training for those be- tNean IS and 25 years of age, and giving work relief to youths.
 The new undertaking was put un- der the dire ction Of Josephine Roche, assistant Secretary of the Treasury, and Aubrey Williams, Harry Hopkins Federal Emergency Relief Administration assistant.
 Roosevelt, in announcing the plan to aid an estimated 50o,000 young men and girls said, T am determ- ined that we shall do something for the nations unemployed youth, be- cause we can ill afford to lose the skill and energy of these young men and women"
 The average employment is fixed at SIS monthly for youths on re- lief, s monthly for those going to high school, and $15 monthly for those in college,
The Daily Alaska empire., 1935-06-26
STORK BOWS
 TO ENCLISH
 SPEED LAW

LCNDCN, June 26- The mere iact that one is an expectant mother and in hurry does not provide immunity to England's new 30- mile-an-hour speed limit, despite impassioned pleas of counsel to the contrary.
 Mrs. Clementina Burns, there fore, had to pay $l0, even though her child was born less than an hour after she had been stopped by one of the new "gongster" cops while driving to the hospital. Said the magistrate:
 T appreciate all that has been said, but at the same time we must recognize that an offense has been committed, and we cannot feel that the offense was quite justified in the circumstances"
The Daily Alaska empire., 1935-06-26
UPTOWN PUTS TWO
 BILLS ON TONIGHT

Reform Girl' and Marrying Widows" are featured on the "cash night double bill opening at the Uptown Theatre tonight.
 Noel Francis, who plays the lead in Reform Girl" is cast as a girl with a prison record who imper- sonates a society beauty. The cast includes Skeets Gallagher, Hale Hamilton and Robert Ellis.
 Marrying Widows offers film goers chance to see some of their favorites in a sophisticated drama of ladies that get themselves talked about, whispered about, written about, and very much sought after. Judith Allen, Minna Gombell, Lu- cien Littlefield and John Mack Brown are cast in important roles.
The Daily Alaska empire., 1935-06-26
DANCING LID JUST TILTED

THE HAGUE, June 25.- Because they like to dance at late hours, King Leopold and Queen Astrid of the Belgians were permitted re- gently to break one of Hollands cherished blue laws.
 The popular rulers of the neigh boring State, after dining at res taurant here. were just beginning so enjoy themselves on the dance f'ocr when the music stopped sud- denly
 It was midnight, your maies- ticc,9 the harrassed proprietor ex- plained, and at midnight. all dance music might cease.
 Hurried intervention by hig h authorities averted what might have been a breach of lnterna- tional hospitality The music start ed again, and the royal guests eca- tinued dancing until 2 am.
The Daily Alaska empire., 1935-06-26
\. R. C. HEAD IS HERE FROM TRIP
 OF INSPECTION
Taylor Says Normal Main tenance Work Progress
 ing on Interior Roads

Ike P. Taylor, supervising engi- neer of the Alaska Road Commis- sion, returned to his Juneau head quarters on the Yukon Monday af- ter an inspection trip that took him through the Third and Fourth divisions.
 Road work at Anchorage, Palm CT, Wasilla, Mckinley Park, Fair banks, Eagle, Circle, along the highway to Chitina, the road to NabeSna, work around Mccarthy and at Valdez, was inspected along MT. Taylor's route. Most of the Alaska Road Commission work un- der way was that of normal main- tenance and small operations neces- sary to get existing roads in condi- tion for the summer season.
 Work was started on the Anchor age -Matanuska road and the farm roads in the Matanuska valley, as soon as the money became available June 10, MT. Taylor said. The An- chorage ge-Matanuska road will be completed by the middle of next summer, and the valley farm roads will be ready for use this season.
 This new work, which is under the direction of M. c. Edmunds, A R. c. superintendent at An chorage, will help relieve unem- p,oyment at Anchorage where there are plenty of men on the ground to handle the work, said MT. Taylor, who warned jcb-seekers that no jobs would be available in connec- tion with this project.
 A fairly large program is under way at Mckinley Park, MT. Taylor said, with the reconstruction of existing roads, resurfacing and the construction of some new roads to the park boundary.
 While the winters snowfall was light in the Interior, considerable trouble was experienced with ice formation on the roads and the opening of the Richardson High way over the Delta summit was de- layed because of this glacier" con- dition. The worst spot, MT. Taylor reported, was at the bridge at Nile 2z2. The bridge was completely cov- cred with ice and ice Is feet thick covered the road adjoining the bridge.
The Daily Alaska empire., 1935-06-26
B. P. R. MEN LEAVE
 FOR WRANGELL AND CORONA ROAD WORK

H. J. Stahl has been assigned as resident engineer at Wrangell and A. H. Cohn as resident engineer at Cordova by the Bureau of Public Roads. Both men have been con- nected with the Juneau office of 5he B. P R.
 Stahl with a small party left Monday on the Yukon for Wrangell where he will have charge of high way construction, and Cohn with small party went to the Vest ward yesterday on the Alaska where he will handle construction n the Cerdova area.
The Daily Alaska empire., 1935-06-26
HAL.IRUT. SABLE 2 SOLD, SEATTLE

SEATTLE, June 26.-Halibuters arrived today, catches and selling price, folows:
 From the western banks-Liahona s5, GOO pounds, and ' cents; Cool idge 29000 pounds, SIS and 2 cents; Add.nston, 21,c00 pounds, 8a and cents.
 From the local banks-President zGC0o pounds, 8A and T1s cents; Texas, coco pounds halibut, 12,000 bounds sable, 8, ' and 5 cents; Woodrow 10000 pounds of sable, Gloria II 1l,0oO pounds of sable, both selling for 5 cents
The Daily Alaska empire., 1935-06-26
MRS. MOODY IN
 WIMBLEDON WIN

LCNDON, June 26.-Mrs. Helen Wills Moody, one-tire 2 American woman tennis champion, began her campaign to regain the All England Tennis Championship by elimi- mating M. Baumgarten Hunary, al Wimbledon, 60, 6-1.
 Helen Jacobs, now the reignins American woman player. also is il the tournament. Last night she was presented to Queen Mary in . formal ceremony.
The Daily Alaska empire., 1935-06-26
Hunter Knoics Hotu Much His Bear Weighs

Frederick w. Hollander, big game hunter from New York who re- gently made successful hunt in the Territory, knows just how much bear weighs. No guesses or abouts with his system, according to infor- nation he furnished the Alaska Game Commission.
 Mir Hollander took special scales afield with him and when he shot what is generally called a large brown bear but not an cx- traordinary large one, he proceeded to weigh 1t. This is what he found;
The Daily Alaska empire., 1935-06-26
Huorspar Yielded

MECHANICAL, U. s. s. R. - By continuing operations through the winter, the Soviet fluorspar mines on the coast of the Kara Sea had 10000 tons of the mineral ready for shipment with the opening of spring navigation. Fluorspar figures in aluminium manufacture.
The Daily Alaska empire., 1935-06-26
Build Tiny Engine

SAN JOSE, Cal.--Members of the San Jose State college aeronautics class have constructed a gasoline engine weighing less than a pound, which was declared to have devel- oped one fifth horsepower at 5000 revolutions a minute.
The Daily Alaska empire., 1935-06-26
CLOSING PIECES TO-DAY

NEW YORK, June 26.--Closing quotation of Alaska Juneau mine sock today is ,bls, American Can l36h, American Power and Light 39s. Anaconda 14%, Bethlehem Steel 263s, General Motors 32as, Inter national Harvester 44M, Kennecott
 5s, United States Steel 33, Pound s4ot, Bromner bid 60 asked 65, N7hcsna bid 55is asked 62, Black Pine Silver bid 27, asked 8.
The Daily Alaska empire., 1935-06-26

Repeal has brought hangover only the thirsty but also to whose headaches have been Night operators everywhere complaining Those who the easy money of booeggng days amentng the passing the spakea Taxes license fee large overhead and costly put night club n the red competition among the establishments makes necessary them operate expensive ae Depression have eliminated the heavy spending of the days before prohibition In fact that the and the liquor
 wholesalers the only benefing by repeal
The Daily Alaska empire., 1935-06-26
Lumber to Fit Weather

WASHINGTON -- Lumber going into buildings should Ee dried to match the average moisture con- ditions that will surround it in service, says the Federal Forest Service.
The Daily Alaska empire., 1935-06-26
MRS. CARNEY ENRoUTE

Mrs. L. IT. Carvey IS cnroutc to ioin her husband, q Valdez mining man Mrs. caryey Is travelling from Seattle to Valdez on the Alaska.
The Daily Alaska empire., 1935-06-26
STOCK PRICES
 60 DOWNWARD .
 LATE IN DAY
Uncertain Frame of Mind Exists Greater Part of
 Tracing Session

NEW YORK, June 26. - Stocks were in an uncertain frame of mind today After showing a narrow range for most of the session, issues turned definitely lower during the last few minutes of trading.
 Today's close was easy.
The Daily Alaska empire., 1935-06-26
ERCM CoRDoYA

c. II. Grimm, mining machinery saleeman fram Cordova, boarded the Yukon there for a trip to Seattle.
The Daily Alaska empire., 1935-06-26
GERsTMAN ARRIVES

H. A. Gerstman, Horluck's rep resentative. arrived in Juneau from Valdez on the Yukon.
The Daily Alaska empire., 1935-06-26
wAKELIN LEAVES

Richard Wakelin, merchandise broker, is travelling from Juneau to Seldoyia on the Alaska.