davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
THRIFT BANKS
INSURE SAVINGS
OF CUSTOMERS
1900 Private Institutions
Protect DepoSitorS in
43 States.
Times Specid.

WASHINGTON, Nov. 25.-More
than 1900 private thrift institutions
of the savings and loan type in 40
states in the last IA months nave
taken steps to provide further safe
guards to their 100000 sharehold-
ers and depositors by applying for
insurance under the Federal Savings
and Loan Insurance Corp.
Over $1,030,000,000 of assets are
held in the applicant institutions, of
which 1895, with more than $60C,-
100000 of assets, are already insured,
protecting each of their 100000 in
vestors against loss up to $4,000. Only
Well-managed, financially sound as
Soclatlons are approved for insur-
ance by the corpora ton.
In emphasizing safety for long
term savings as the main reason
for investing in their institutions, in
contrast to speculative profit or
extremely high dividend returns
with attendant risk, the executives
of these associations also seek to
reduce the cost of home ownership
to the average family, and to slim
ulate greater building activity in
view of the growing shortage of
homes, by making long term loans
at correSpondingly moderate interest
rates.
Resources of More Than Six Billion
They believe that such protection
to the savings of great numbers of
small investors is the most effective
way to develop lower home mort
gage costs, by attracting a large
volume of money at reasonable
rates. More than $6,OO00OO,OOO of
resources are held in associations
eligible to apply for such insur-
ance.
Of the 1885 savings and Joan as
Sociations already insured, 481 are
long established building and loan
associations, cooperative banks and
homestead associations, 3S5 of which
and loan associations.
The remaining 544 insured institu-
tons are newly organized Federal
associations.
Practically all associations which
have applied for insurance are
members of the Federal Home Loan
Bank System, with access to it's low
cost reserve credit facilities in ex-
banding their loanable funds and
assuring greater liquidity to the in
vestment of their shareholders.
Associations Are Local
Insured associations are local in
character and under private man
agement Their long-term mortgage
loan plans vary according to condi- |
lions in their own communities. |
Their interest rates on loans now
range from 5 per cent to 61s per
cent in the Northern and Eastern
sections, and from 512 per cent up
ward in most other parts of the
United States.
A number of insured associations
have qualified and are insuring some |
OF their mortgages through the
Federal Housing Administration
although an insured association is |
not required to place it's funds in |
insured mortgages.
Dividend rates currently paid to
investors in insured associations are
from 213 per cent to 5 per cent an
nually, according to the locality, the
average rate for the nation as a
whole being slightly above 81 per |
cent.
The Federal Savings and Loan
Insurance Corp. was established by
act of Congress in June 1924. 1t
has capital of $1O0,O00,OOO, sub
scribed by the Federal government.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
HOPE TO BREAK
CABLE DEADLOCK
FOR TELEVISION
Hearing of A. 7. & 7. Before
Federal Commission
Begins Today.
BY DANIEL VI. KIDNEY
Times stan Writer

WASHINGTON. Nov. 25.-Efforts
to iron out differences between the
American Telephone and Telegraph
Co. and the Federal Communica-
tions Commission-differences which
have been charged with deadlocsing
progress in television-will be made
at hearing here today.
FEC granted the company per-
mission to construct an expert
mental "CoaXial cable" between New
York and Philadelphia for its sub
Sidiary, the Bell Telephone Co. but
the order failed to meet with A. T.
and T. approval and has not been
carried out.
The commissioners had decided
that there was danger of the cable
(Which could transmit more than
200 telephone messages Simultane-
ouSly) being used by the company
to create televisiOn monopoly. So
the order required that whenever
the cable was used for other than
experimental purposes of the Bell
Co. it would be placed under FEC
control and its operation extended
to all corners under commission
rules and rates.
Files New Petition
To this abolition of the mon
opoliStic feature the company OBJ
jected. A. T. & T officials were
quoted as saying that through this
ruling the commission was delaying
Observation-Disclosures the television
possibilities of the cable were not
stressed in the company testimony
at hearings on the petition; the tele-
phonic angle was emphasized.
Now a new petition has been filed,
questioning the Fees Jurisdiction
and also asking for reconsideration
of the case. 1t is this petition
which will be argued today
Company officials have estimated
the cable would cost $580,O0O.
The coaxial cable is hollow brass
pipe, sheathed in lead, carrying cleo
trical impulses over a wider band
than has been possible before. 1t
is the only practical method dis
covered by which television pictures
can be piped overland for long dis
tanceS
Gable Will Be First Built
Should the New York Philadelphia
construction be carried out, it would
be the first in America. Such cables
are in use in Europe, however.
Aroused over the intimation that
the commission order is to blame
for impeding television, Commits
sioner Walker of the FEC asSailed
what he termed "a. T. 81 T. propa-
ganda" in a recent address before
state utility commissioners at Nash
vile, Tenn
Mr.. Walker is chairman of the
FCC's telephone division and in di-
rect charge of the $750,000 investi-
cation of A. T. q T. authorized by
Congress.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
FILES SUIT IN u. S. COURT
Associated Telephone Utilities Go.
Named in Action.
By United Press

CHICAGO, Nov. 25.-Ten officers
and directors of the Associated
Telephone Utilities Co. and the
Standard Telephone Co.. subsidi-
airy, were named in a s3.500.0 900 suit
for an accounting filed in the U. S.
District Court.
1nstigating the action is Clement
A. Nance, banker and trustee in
bankruptcy for the Standard Com
pany which is recognizing under
Section 77B of the Federal Bank
ruptcy Act. The suit charges the
officers mishandled the funds Of the
companies and deliberately looted
them of their assets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Produce Markets

The prices quoted below are paid for
stock gathered in the country. while de-
livered in Indianapolis the price will be a
cent higher. Heavy breed hens Ice Leg
horn breed hens 12c; springers, over AZ
lbs; lie; under 4ia lbs. Ice; old cocks &C.
Leghorn springerS, IL lbs and up l2c
Turkeys-Young hens. lbs. and up. 19c
toms. 10 to l8 lbs, 19c, over IS lbs, 1sc
old toms, lac. DuckS-White Az lbs. and
up. loo; geese. 10 los. full feathered and
fat, &c: old guineas 15c; vourg guneaS
~ lbs. and up; Csc. No. l strictly fresh
ssggs' loss of. PIC; pullet eggs, l8c. Each
duction of l0c pound under SIS lbs. will
b, made, No, butter So 2@ S7i2c; No. 2,
- s@S5 &c; butterfat, sic. Quoted by the
WedleY Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
(Bv United PreSsl

CHICAGO. Nov. 25.-EggS Market
steady; receipts. 1856 cases fresh graded
firStS. 29c; extra firstS, SOC; current re-
ls "a zoe. Butter-Market. steady: receipts
6o37 tubs; extra firsts t90-9lia scorei. SIS
q 32i4c; extra 90 scorel. 3294c firstS So
scorel s2i,c; specials, 3sl4mS3S4c: stand
ards. 32hc. Poultry-Market. steady: re-
cCeipts 2 cars. 81 trucks, ? cars due; ducks,
loo5Q lSc: geese, Isl? &C; spring chickens. 10
g20c hens, l4mlSl2c; turkeys. z2G2 6c:
LLeghorn hens, lac old BOOSTERS. lac
Gheese-TwinS, l7A dl7iec: daisies It's. a
eSc; LonghornS. lSGlSAc. Potatoes
supply heavy demand very slow: market
gun with slightly weaker tendency. Idaho
RuSsSet Bureanks SlSoG1S5 U S No. :,
i.S5 ~ 40; Wisconsin Round Whites,
aano North Dakota Red River Ohios 81 80;
BhSS TrlumphS; S5c; Colorado McCiures,
MS.o.,S Nebraska Bliss Triumphs. 81 40
SATURDAY. '00
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
MISSOURI PACIFIC R. R.
INQUIRY TRANSFERRED
Counsel for Trustees Will Take
Dispositions in st. Louis.
By JHitcd Press


CLEVELAND, Nov 25.-Counsel
for the trustees of the Missouri Pa
cific Railroad today prepared to
transfer the scene of their inquiry
into the roads refinancing plans to
st. Louis.
In three-day hearing here attor-
neyS attempted to show that o. P.
Van SWeringen, chairman of the
board, devised the ref1nancing
scheme, by which the road pur-
chased its own stock on a falling
market.
Dispositions will be taken this
week in st. Louis to prove that Van
SWeringen is personally liable for
losses resulting from the purchases
and that the scheme was illegal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
JOBS 3 TIMES EASIER
FOR WOMEN TO GET
Analysis of Employment Agency
Records Shows Trend.
Times Special

Times Special
NEW YORK, Nov. 25.-It is three
times easier for a woman to find a
job than man, according to a re-
port presented to the third Metro
politan Conference on Employment
and Guidance Procedure today
DR.. Lynn A. Emerson, director of
the New York Y. M. c. A. School.
presented the report which analyzed
the records of Sc public and non
profit making employment agencies
here for January, 1880, and January,
1885.
The study showed an increase of
25 per cent in job openings over the
flve-year period and almost a quad
rupling in the number of applicants.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
5000 PUT TO WORK ON
GOVERNMENT PROJECTS
Resettlement Administration to
Start Soil Conversion.
By Unitcd Pres.

WASHINGTON, Nov. 25.-The
Resettlement Administration today
announced that more than 5000
men have been put to work through
out the country and that daily
average of more than $1,000 men
was expected before July l, 1896.
The RA reported release of
S15,000,000 of the S40,000,00O al
located to the program and the de-
cision to begin action on 125 pro-
jectS in which the administration is
fighting the effects of drought and
soil erosion.
About 100000 acres of poor land
will be converted by this work into
forests, recreation areas. grazing
districts and wild life refugees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
EXTRA DIVIDEND VOTED
Times Special

CHICAGO, Nov. 25.-Directors of
the Kelvinator Corp. have declared
an extra dividend of 20 cents a
share in addition to the regular
quarterly payment of 1919 cents, It
was learned today. Both dividends
are payable jan to holders Of rec
ord Dec. 5.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
NeU York Curb
by Abbott, Proctor g. Paine,
r0.nh
BONDED DEBT REDUCED

MIAMI BEACH, Nov. 25.-Mu-
nicipal bonds worth s471,000 were
retired during the past year, al
though not due for 18 years, City
Manager Claude A. Renshaw re-
vealed in his annual report rendered
recently. While making this move
the municipality, however, was able
to construct more than 100000 in
improvements without increasing
the public debit
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
RECEIVES BID CONTRACT

BRAZIL, Ind, Nov. 25.-Cooper
Bros. Co., 666 N Olney-st. Indian
apolis, on a low bid of SAT 1858, has
been awarded the contract to re-
build viaduct over the Pennsyl-
vania Railroad, two miles east of
Harmony, on State Road 80.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25

Jul CNAilAs
But it is a fairly we'll recognized
fact that President Roosevelt him
self, despite many utterances he
has felt it necessary to make; has
never been much of an advocate
Of public works. In the MIRA
act Of 1888 some $3,300,000000 was
pro, ied for a great public works
program.
A 7 the time an inflationary tide
L n was running strongly, business
was rising. and as the NRA got I'M
der way, with a great waving of
flags and sounding of cymbals, the
President apparently decided that
it would not be necessary to use
the public works money.
The NRA, he probably imagined,
would produce recovery so quickly
that the great fund would not
have to be heavily drawn on. Gen.
Johnson was sent ahead under full
steam and with enthusiastic presi-
dental backing, while the PWA
was put under the direction of an
unknown man with a few clerks in
a small office
1t was forgotten. 1t was not I'M
til business seemed to pause in the
early fall of 1888, after the inf1a-
tionary bubble burst in July, that
the President decided to act on
PWA. Then he transferred the
movement to Mr. IckeS.
DUT even then his attitude was
ID always hesitant, apprehensive.
He was afraid of pork" and
graft" While he drove ahead on
NRA, he paralyzed the PWA de-
partment with fearful and incessant
cautions. AS for housing, it was
that part of the PWA for which
Mr.. IckeS was most enthusiastic,
But several obstacles stood in his
way. First, he had to start from
scratch. Second, city authorities,
dominated as they usually are by
real estate interests, fought him at
every step o 1tne way. UnQer the
circumstances he could have
achieved results only on one con-
dition-that he would be backed
by the enthusiastic support of the
President.
1t will be recalled that the PreSi-
dent, after much talk about hous-
ing, in 1884 turned his support to
Mr.. Moffat's plan for rehabilitating
old houses. That was a severe blow
to those who had been praying for
a real housing program. The pitiful
failure of that amazing piece of
nonsense turned him back again
to low cost housing. But only mild
ly and half -heartedly.
Copyright 1885, NEA Service, IncJ
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25

-
criticism if it is
made without a
knowledge 0 f
the facts. There
has not been in
Washington or
out Of it a more
sincere believer
in low cost pub
lie housing than
Mr.. Ickes. No
o n e, perhaps,
more than he,
deplore5 the fact
{ h a t m o r Q
houses have not
1-A l-,t1t
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
APPOINTS VICE PRESIDENT

CINCINNATI, Nov. 25.-Carl j.
Kiefer, consulting engineer, has been
elected vice president in charge of
plants, construction and mainte-
nance of the Schenley Products Co.
of New York, it was announced to-
Gay by Lewis S. Rosenstiel. chair
man of the executive and finance
committee.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
DIVIDEND is DECLARED
i'm es Special

Itmes Special
BOSTON, Nov. 25.-A dividend OF
20 per cent, payable on all policies
expiring during the period Jan. l,
1886. to January 81, has been de-
clared by the American Mutual Liza
bility Insurance Co., it was am
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Trends
Public Housing Has
Received Little
Support.
by JOHN T. FLYNN

NEW YORK, Nov. 25.-Secre-
L tary Of the Interior Harold
Ickes has been severely criticised by
Mrs. Preston Vais, director of the
National Republican Builders, for
what is called his 100 per cent
failure in the field Of public
housing.
1t is possible to do very grave
- ,,,c+foa -, ~,,nL,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
ASSETS TO BE AUCTIONED

lWfS special
COLUMBUS, o., Nov. 25.-Assets
Of the Standard Wire and Tube
Corp, Mineral Ridge, o., will be sold
at public auction Dec 5 by order of
the United States District Court.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Chicago Grain Futures
by James z. Bennett & CO..
LOCAL CASH MARKET

City grain elevators are paving 81 cents
for No. soft Wheat. other grades on
their merits Cash corn new No yellow
81 cents and oats l9 cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Local Securities
tReprinted from SATURDAY.

tReprinted from Saturday,
because quotations on local securities
are unlisted on an Exchange, The Times
can not assume responsibility for the ac-
curacy of these figures gathered from local
brokers,)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
WdIgreen Net Income Drops

Udtgreen Co. reports net income for the year end
ing Sept. 80 of s292O,972, equal to s252 share
S14711 shares compared nth net Of $255S.S9+ or 50
share 763 2S5 shares IN the preceding year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25

| WASHINGTON Nov. Achievement
expenses and receipts for the current fiscal
year TO Nov. % as compared with year
ago:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT
by United Press

Clearings NEUTRALITY-SUSPICIOUS.. 81, 900, o0C
Deflits .................... 1894 ,00O
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25

Lambs. 80 lbs. down, good and
choice -. '-..-.-.. s1o25@1 HOO
Medium NEUTRALITY-SUSPICIOUS.. 5.5Om10.25
Ewes
(90-125l Good and choice 4.00M 500
All weights, common and me-
dunn 3.3Om 4 %
(l2O-l5o) Good and choice 300m 400
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Dividends Declared

Dividend rates are given in dollars and
cents unless stated otherwise
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-25
Viii III H-Nb f@Ff-'HI'
-Receints ii00-

tJCOQ >
Common and medium -.--. 4.
CuEEp Ann IAtfPS
Smyrna times., 1935-08-08
SAFETY LANE FOR OFFICIAL
AUTO INSPECTION HERE AUG. Is

figure covered the period begin
ming July Is and up to and includ-
ing August 2. However, 1856, or
slightly over half of this number,
were approved and found eligible
by visits to the five lanes stationed
throughout the state for the Of
fetal 1885 approval sticker to be
attached to their windshields. The
reflections totalled 1895. Nearly
half of the down-state motor We
hicle owners had to visit the safety
lane twice to win approval. Of
fetal figures show that 4,195 cars
were approved on second visit as
compared to 3.906 who won the
windshield sticker on the first
visit. A total of 936 were approv-
ed after three or more trials. The
highest number of defects found
among cars inspected outside of
Wilmington was in foot brakes,
this item leading with 4,645. Next
came defectivel lights with 3,420
instances uncovered Other de-
fects revealed were as follows: IL
censes and plates, 687; tires, pa; {;
mirror, 81; windshield, ia; wind
shield wiper, 100; horn, 81; en-
ergency brake, 546; and steering
gear, IT'S.
Smyrna times., 1935-08-08
KENT SUSSEX
FAIR A SUCCESS
Closed Saturday Showing 1t
Had An Aggregate At
tendance Over 100000
FAVORED BY WEATHER

The Kent and Sussex Fair came
to a close Saturday night after
one of the best weeks in the his
tory of the Association. Favored
by good weather and events that
appealer to the masses, the
total attendance for the week went
far beyond the 100000 mark and
give the management and conces-
sionaires the best financial return
they have enjoyed in years. Fully
10000 were on the grounds Satur-
day. The automobile races were
the principal drawing card. The
Fair has ben success in every
way. There was excellent weather
every day. There were few acci-
dents of any kind. Four pick
pockets were driven off the
grounds by alert detectives before
they had a chance to make a single
dip" There was practically no
disorder. Only one person was ar
rested for drunkenness. Every day
fair officials comparing figures
with previous records found they
were ahead this year. Most of the
concesSionaires who have been
coming to Harrington for years
also found they were ahead of re-
cent previous year records up to
Saturday. The announcement of
the All awards, anyways of consid-
cradle interest among farm youths
of the State, were made Friday.
The exhibits in all classes were
larger and better this year than in
recent years. Exhibitors began
removing their exhibits Saturday
afternoon and owners of conces-
sions left Saturday for other fairs
in various parts of the East. Many
of the shows went to LewistoWn,
Pa. Considerable excitement oc-
CURED Friday when large throng
gathered near the cattle pens, saw
Alonzo Haas, employed by John
Govotas, of Wilmington, penned
between the horns of a 1000 pound
Guernsey bull Haas had entered
the enclosure to demonstrate the
tractability Of the huge animal AS
he neared the bull it apparently
became angered and charged to-
ward him and held him in a corner
until other attendants went to his
aid and drove it away. Haas was
gored in the leg and one hand. His
injuries were dressed by DR.. Ev-
erett Reynolds, of New Castle, and
Haas went to his home near State
Road.
Smyrna times., 1935-08-08

The Safety Lane for inspecting
automobiles will be in Smyrna
next Thursday for week. AS us
ual it will be on South Street be-
tween Main and East Street. Mo-
torist will run the risk of not be-
ing turned down on their first ap-
pearance if they will have their
cars looked over by local garage
mechanics before appearing in the
Safety Lane for official inspection.
The Lane will be here from Au-
gust Is to August "a inclusive.
State Motor Vehicle Commissioner
Walter Dent Smith points out that
the ratio maintained between ap-
prevails and reflections in the Dela-
ware campaign has ben slightly in
favor of the former each day and
that Though approvals outnumber
reflections by but slim margin the
average for the state is much
higher than that uncovered in
other states where similar cam
paigns are conducted. So far dur
ing the campaign Mr.. Smith an
nounces that total of 1854 mo-
tor vehicles had been inspected
throughout the State, or approx
mately two-thirds of all the reg
istered vehicles in Delaware. This
Smyrna times., 1935-08-08
ASBURY Nj. e. CHURCH NOTES
Service of Fellowship and Spirit
ual Inspiration Next Sunday

That there shall be no abatment
of interest and attendance upon
the services at Asbury during the
month of August, the pastor and
officials have planned an interest
ing and helpful program for each
Sabbath morning. The church
school will meet at ten o'clock and
all departments will persue the
regular lesson study under the di-
rection of superintendents and
teachers. At eleven O'Clock, the
morning worship will be conducted
by the pastor and the choir will
present special musical selections.
The subject of the message will be
THE Coming Kingdom" This
service offers a period of delightful
fellowship, helpful meditation, and
great spiritual inspiration All
members and friends of the church
are invited and strangers and Wis
itors will find a most hearty well
come.