davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19
'MeEaStic Prices Fixed
BY Large Corporations
Held Depression Cause
Secretary of Agriculture Wallace, in Report to Senate,
Holds Situation Piled Up Huge Profits tor
Leading Enterprises.


these
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19
HIDDEN POWER
SHOWN IN MANY
RAILWAY LIENS
Issues Considered Almost
Speculative Now Sought
for Investment.
BIZ Times Special

BIZ Times Special
NEW YORK, June 1o.-Various
railroads whose bond issues have
fallen close to the border line of
highly speculative issues are being
selected for long-range interest on
the theory that their position is con-
siderably better than indicated by
surface examination of current
figures.
The Missouri KanSas-TeXas has
been placed in this grouping and re-
cent trading sessions on the New
York Stock Exchange have devel-
oped a growing following for issues
of this carrier. The roads first As
of 1890 have begun to move up from
the years low Of 81, compared with
quotations close to 80 earlier in the
year. They are now placed on close
to a 5A per cent basis. Junior is
sues of the road, we'll down in the
price scale, also have been creeping
back perceptibly from the years low
levels
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT

a.-irrs .eie 900 90
5tts -.........-.......... 6.146.O 600 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19
New Business Books
Available a Library

The following new business
books are now available at the
business branch Of the Indian
apolis Public Library:
THE FORMATION OF CAPITAL
(by Harold G. Moulton)-"Must we
depend upon expansion in the cap
ital goods industries 70 lead US for
ward to new levels Of prospective"
THE ART OF LEADERSHIP (by
Ordway Tezd)-"The meaning and
methods of leadership as cqntrasted
with the concept and me .hods OF
command to long prevalent n human
affairs
CENTRAL BANKING UNDER THE
FEDERAL RESERVE SYSTEM tby
Lawrence z. Clark)-Twenty years
Of the Federal Reserve.
CAPITALISM CARRIES ON (by
Walter B. Pitiinl-"I predict with
much assurance that capitalism VIII
carry on for I see signs OF SLOW but
sure victory over unemployment ana
still stronger signs of Americas de-
termination not to be drawn into
foreign wars at any price"
GETTING THE MOST OUT OF
statesmen tby ]. c. Aspleyl-A
manual for sales manager and those
in charge Of branch and district sell
ing organizations
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19
The NRA Aftermath

Careful study of the potential eff
fects of the Supreme Courts deci-
sion on NRA leads Redmond &
Co. to the belief that tie ruling may
be considered bearish on the i'm
mediate trend of business and bull
ish on the longer term. Abandon
ment Of price fixing arrangements
it is expected, will lead, in success
sion, to declines in prices, inventory
losses, decline in profits, lower
wages, smaller purchasing power
the liquidation of marginal enter
prises kept alive by MIRA and some
reduction of forward commitments
in anticipation of lower prices.
AS to the longer range view, ulti-
mate benefit to business is expected
from the removal of an artificial
element in the business structure
whose value had become question
able. A lift to the building indus
try is envisaged as among develop
ments of the future. Favorable fac
tors, it is believed, may require time
to make themselves felt.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19

MO one questions the right Of
~ the government to cancel a
contract. and probably no one
should question the right Of a
banker To withhold q loan even
from the government. II. however,
a governments action constitutes
persecution. or If a banker seeks to
force his government to do his bid
ding. it would seem that both had
stepped out OF their role.
Many Of our bankers believe they
have been treated unfairly by the
government. Most of them con-
tend the proposed banking act Of
1885 would constitute not only I'M
fair but dangerous legislation. They
have made some rather strong
statements in opposition to this
legislation Of late. but they have
shown no disposition TO force Con-
gress or the President to throw 1t
overheard. They have been fiirt-
ing around with the idea OF try
ing TO break up the ball game,
though. by pulling out Of the Fed
eral Reserve System.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-06-19
Altitude Explained

An explanation of the more favor
able attitude toward the Katy, de-
spite its wide room for improve
ment in earnings, is found in the
belief that the recent RFC loan of
81, 300 900 to meet interest and taxes
will enable the carrier to jump its
1885 hurdles. It is considered sig
nificant that the I. G. G. decided the
road, in requesting $6,OO0,OO0, was
asking for more than it would need
on the basis of estimated earnings
and requirements.
Accepting that as a good omen,
bond traders developed a construc-
tive attitude toward the Katy's fu-
ture.
Evening star., 1935-06-26
Russia BUYS Rope.

Two hundred tons Of manila rope
constituted the first order placed in
part payment for the Chinese Eastern
Railway.
Evening star., 1935-06-26
BApT|STS SCORE
MILITARY TRENDS
w. C. T. U. Leader and
Committee Heard at
Colorado Session.

BY the Associated Press.
COLORADO SPRINGS, June 26.-
Two denunciations Of militarism we're
made at the closing session of the Ma
tional Northern Baptist Convention.
One vas the quiet-voiced appeal Of
Mrs. Ida B. Wise Smith, Evanston,
Ill, national president of the w. C..
T. u.
"Our wealth and our education and
the benefits of science blind us until
we forget God" she said. What sort
of sign Of the times Is it when a
great navy sails toward the shores of
a nation already on edge toward other
powers and there demonstrates its
strength?"
She referred to the recent United
States Navy maneuvers In the Pacific
The other attack was the report of
the conventions committee on ex-
emption from military service of con-
scientious Baptist objectors. 1t was
signed by DR. Frank w. Padelford of
New York City, and declared, in part.
referring to a recent Supreme Court
decision: Collectors have no recourse
as far as their constitutional rights
are concerned" 1t urged Baptists to
seek to persuade trustees of State in
Evening star., 1935-06-26
CITIZENS PROTEST
new AIRPORT BILL
Logan Thomas Circle Unit Asks
Original Plan to Spit
Cost.

Protesting against the airport bill,
recently passed by the House, which
placed the entire cost of the port
upon the District, the Logan-Thomas
Circle Citizens Association at its
meeting last night went on record in
favor of the original plan to split the
expenses.
The association passed a resolu-
ton requesting the Public Utilities
Commission to keep the fares the same
wherever street cars are replaced by
buses.
The group also urged the commits
sion to call hearing on the issuance
of reciprocal transfers between the
Capital Transit Co. and the Washing
ton Rapid Transit Co.
1t was suggested by the association
that parking be banned on one side
of N street between Ninth and Six
teenth streets.
A letter was ordered sent to the
traffic director requesting his Office to
ask for appropriations to improve the
Light system at Logan Circle.
- Satisfaction was expressed with the
present cab rates and association
members urged against allowing any
increase.
, After the meeting entertainment
was provided. Those who took part
In the program were Mrs. Henrietta
Flynn, Miss Jean Talbot, Miss Jane
Thompson, Mrs. Charles o. Wilson,
Mrs. Ella M. Thompson, president of
the association; Anne Tresselt and
Mrs. Fred Haig, mistress of cere-
monies. The annual banquet fol-
lowed the program.
Evening star., 1935-06-26
BRITISH DOUBT HITLER.

LONDON, June Is [P).-The Brit
ish press greeted with skepticism to-
day Sir Bolton Eyres-Monsell's dis
closure in the House of Commons that
Reichsfuehrer Adolf Hitler has agreed
to renounce unrestricted submarine
warfare"
Open doubt as to how ironclad Hit
ler's promise would prove to be un-
der the stress of war was voiced IN
Lord Beaverbrook's isolationist Ex-
press.
The newspaper pointed out edi-
torially that Germany promised at The
Hague Convention of 1899 not to use
poison gas in wartime, but April %,
1915. a dark cloud rolled from the
German trenches on through no mans
land toward the French and Canadian
trenches"
without warning" the Express
said, men were choked and blinded
and their lungs burst with poison gas.
If a gray hull of a U-boat slides out
of water and fires her deadly torpedo
toward some helpless merchantmen
in midocean it won't do the skipper
much good to murmur reminiscently,
in 1885 they said they would never
do it again
=. The conservative Telegraph hailed
Hitler,s pledge to "forswear the sys-
tenn of warfare which was responsible
for the destrcution of more than H.
600, 900 tons of British and other ship
ping and the death Of $4,000 nom
combatants at sea-"
The liberal ews-Chronicle urged
that a proper ending to this dark
chapter of naval history should be
abandonment of building by agree
ment generally of all naval powers"
Evening star., 1935-06-26
MANS DEATH MYSTERY
Cause of SIX ull Fracture Unknown

After He Is Found on Tracks.
Joseph B. Counts, Al, OF 1875 E
street northeast, who was found un-
conscious on the car tracks at Elev-
enth and K streets Saturday night,
died in George washington UniVer-
sity Hospital today. Police have not
determined the cause of the skull
fracture he suffered.
They are inclined to believe that he
fell.
Evening star., 1935-06-26
Famous Racer, Sir Creysteel,
DESTROYED after Breaking e Leg

Prix de Vichy and placing second in
the Prix Du President de la Republic
and the Prix Royal Oak. He also won
lesser races on the French turf.
Imported to this country by Mr.
Labrot, the son OF Roi Herode-Grania
was placed at the head Of the stud at
Hollybeach Farm, where all his good
sons and daughters were bred. They
included the stake winners Springsteel.
Stainforth and Tired Avon. the latter
once conqueror of the handicap cham
pion Equipoise. Sir Greysteel was a
notably successful sire and many of
the best of his get raced in the Labrot
colors. In 1882 alone he produced II
winners Of "a races and S96,765.
When the Labrot stock was dispersed
at sale at Belmont Park recently.
following the financier's death. Sir
Greysteel, another stallion, Happy
Time, and the brood mares were re-
tanned. Labrot's widow and two sons
had expected to continue breeding
activity at the farm, but to retire
temporarily from racing.
Evening star., 1935-06-26
Special Dispatch to The Star.

special DlSpaLch 70 Inc star
ANNAPOLIS, Md, June 26.-Amer-
lean thoroughbred racing lost one of
its outstanding sires today when Imp.
Sir Greysteel was destroyed at Holly
beach Farm near here. The hand
some gray stallion, producer Of more
than 100 winners since he was brought
over from France by the late Syl-
vester w. Labrot, broke leg frolick-
ing in his paddock several days ago.
This morning veterinarians decided
his life could not be saved.
AS a yearling in 1920 Sir Greysteel
was sold for s37,500 in England and
campaigned successfully IN that coun-
try and in France. He was stakes
winner of II races and $25, 900 on
British tracks in day when purses
were relatively small. He accounted
for the July Stakes, the Eglington
Handicap, the Perkins Memorial, the
Great Tom and DevonShire and Cope
land Sweepstakes. In France he
earned $23,50o in capturing the Grand
Evening star., 1935-06-26
MARINE MEASURE
FACES BARRAGE
Forty Amendments to Bill
May Be Offered by Two
Democrats.
BY the Associated Press.

By the Associated Press.
A bill to provide subsidies for the
Merchant Marine headed today into
another prolonged bombardment of
amendments.
The House met an hour earlier than
usual as leaders sought to dispose Of
the bill today. But Representative
Wearin, Democrat Of Iowa, and Rep
resentative Moran, Democrat of Maine
were ready with at least 80 proposed
changes and perhaps as many as 40
Probably the biggest highland we
think We can command considerable
support-will be over a proposal to
knock out a section providing q trade
penetration subsidy" Wearin said.
Its a vicious section that might
blanket almost anything"
Provides Fair Rate.
The section would authorize ap-
preparation of "such sums as may be
necessary for the operation by citaZens
Of the United States Of ships or lines
Of ships which have been or may be
taken over by the United States, and
when not inconsistent with the public
interest. to insure fair rate to ship
pers of American goods, to enable
American ship operators to carry an
equitable share OF our foreign COM
merce, or to insure vessels Of American
registry equitable consideration In
conference a0reementS"
Between them, Wearin and Moran
advanced two dozen of the 90 amend
ments proposed as the House plodded
half way through the bill yesterday.
One Wins Support.
On only one did the House stand
with them. That provides for the
dismissal of any member Of the Fed
eral Maritime Authority who accepts
a gratuity. The Maritime Authority
would be created under the bill.
Representative Citron, Democrat OF
Connecticut, succeeded in winning ap-
proval for another change that would
require payment of prevailing wages
to workers in ship construction SUBJ
sides by the Government.
The bill would provide a Govern
ment subsidy equal to the differences
in costs between foreign and domestic
ship construction and operation. In
addition it would place heavier liza
bility on ship owners for deaths OF
injuries to passengers at sea.
Evening star., 1935-06-26
PLANE CARRIERS
PLANNED IN PARIS
Naval Committee Reports
Washington Pact Is No
Longer Binding.

PARIS, June 26 R.-Construction
of airplane carriers was reported To-
day to be planned by France after the
Naval Committee Of the Chamber OF
Deputies had adopted "belie1 tnat
the nation is no longer bound by the
Washington naval limitations treaty.
The committee, revising Frances
nlans on naval matters following the
"annulment" of the Versailles treaty
provisions by the new Anglo-German
naval accord, based its attitude on the
fact that France signed the WASH
ington treaty in confidence that the
war treaties would be maintained
Francois Pietri, minister OF the
navy, told the committee that Ger
many, by her agreement with Eng
land, will be allowed to construct air
plane carriers totaling 47,250 tons.
Frances only carrier is the 22,l46-ton
Bearn, laid down as battleship be
fore the World War and converted
after the close Of hoStilities.
The offensive value of aircraft car
riers in the narrow waters OF the
North Sea, especially for bombing op-
erations, has been generally recog-
nized.
1t was pointed out that France Is
entitled to 10000 tons in aircraft
carriers under the Washington treaty.
While Sir Samuel was being ques-
toned in the House of Commons, Lord
I'LL k4l Ha IN
in the House of Lords. declaring the
naval situation had undergone sud-
den and dramatic change and that
recent events in Europe justified an in
crease in the empires protective forces
BRITISH DOUBT HITLER.
Evening star., 1935-06-26
CHILDREN HAVE OUTING

Three thousand children from
seven Sunday schools in the Washing
ton area enjoyed games, swimming,
picnics and rides on the steeplechase.
at a joint outing yesterday at Glen
Echo Park.
Churches represented were Park
View Christian. st. Albans, Memorial
United Brethren, Centennial Baptist
of Washington; Pinkney Memorial.
Hyattsville; st. Pauls, Cottage City
and Christ Church, Rockville.
Evening star., 1935-06-26
ROOSEVELT PLEA
IGNORED IN HOUSE
Roll Call on Utility BlIpS
"Death Sentence" Is
Passed BY.
Ru the Assnciated Press.

BY the Associated Press.
The House today moved toward the
major test on the disputed admins
tration anti-utility holding company
bill.
The Rules Committee, which pre-
pared the way for House debate on
the measure today or tomorrow,
ignored a request from President
Roosevelt for procedure under which
Representatives would vote by roll
call on the controversial death SEN
tence" issue.
Private polls have disclosed that
administration leaders lack about 40
votes to get this through the House.
Mr.. ROOSEVELT wants compulsory
abolition of unnecessary" holding
companies by 1912. The House Inter-
state Commerce Committee changed
this to give the Securities Commission
discretionary authority in ruling them
out.
Representative Pettcngill, Democrat,
of Indiana said in a report as a
member of the House Interstate Com
merce Committee:
The death sentence,' as it now
appears in the Senate bill, in my
Judgment, will crack like an eggshell
in the United States Supreme Court. p"
He expressed the hope that the
infinitely better" House substitute
would be amended Ito further guar.
antee the States and State utility
commissions from unnecessary and
duplicating Federal control and in
reference"
Evening star., 1935-06-26
BARRY FARM AREA
Halls BUS CHANGE
Section Adjacent to Anacostia and
Congress Heights Praises
Rerouting,

The announcement by the Public
Utilities Commission yesterday of a
rerouting change which will provide
bus service to the Barry Farm area
met with wholehearted approval, last
night of residents of this outlying
section of the Capital. President Ellie
Hoffman of the Barry Farm Citizens
Association said, "The citizens dis
played greater interest in this an
nouncement than in the outcome of
the Louis-Carnera fight in New York y
The Barry Farm section is adjacent
to Anacostia and Congress Heights
and includes about 5000 residents.
Hoffman said a special meeting of his
group will be held Friday.
Evening star., 1935-06-26
Cornell Club to Honor SEE.

DR.. Alfred SEE. the new AmbaSsa-
dor of China, will be the guest of
honor at a luncheon of the Cornell
Alumni Club of Washington tomor-
row at 1890 o'clock at the University
Club.
Edward Holmes. president Of the
club, will preside and August H.
Moran will officiate as POSTMASTER.
Evening star., 1935-06-26

stitutions against military training
and to exert pressure on Legislatures
to secure anti-military legislation.
Delegates departed today for their
homes cheered by the spirit Of har-
mony which enabled the church group
to settle its controversial questions.
Evening star., 1935-06-26

Denmark is considering a network
of narrow pavements for cyclists.
Evening star., 1935-06-26

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Evening star., 1935-06-26
PRIZES TO Be GIVEN
Italian-American Athletic Club
to Honor Outing victors.

4-s-y-ho x1pAu& ShhAhS " AILu1A.
winners of athletic events at the
field day held last Sunday at Marshall
Park by the Italian American Athletic
Club will be presented with cups and
medals at meeting Friday night at
the Mobile restaurant.
Among those who vii. be honored
are Angelo Bruzzese, L. Bucca and
Spiro Brandt, foot race winners; Miss
Irma vichietti, winner of popularity
contest, and p. Girolami and C. Car
dosi. yictors In a lawn bowling contest.
The donors Of the trophies are Am
bassador Augusta Rosso, Col. H. S.
Kimberly, Comdr. Alfred A. Picchione,
A. Litteri and L'Araldo newspaper.
Evening star., 1935-06-26
g ARE GRADUATED.
BY WAR COLLEGE.
Officers Of Army, Navy and
Marine Corps Complete
1O-Month Course.

Eighty-two officers Of the Army,
Navy and Marine Corps today were
graduated from the Army War College
after 10-month course of instruc-
tion. Diplomas were presented by
Maj. Gen. Malin Craig, commandant
OF the college. Col. Julian z. Yates.
former chief Of chaplains, pronounced
the benediction.
Among the graduates were Brig.
Gen. Augustine w. Robins, assistant
chief of the Army Air Corps; Lieut..
Col. Frederick L. Martin, Army Air
Corps, commander Of the first world
flight, who was lost for 10 days IN
Alaska after crashing into a noun
tain side in the fog, and Capt st.
Clair STREET., commander Of the hrst
Army flight from Washington to
Alaska. STREET. was born In Wash
ington. Other washingtonians In the
class are Comdr. J. H. S. Dessez, U.
s. N, and Maj. Samuel C. Cumming,
U. S. M. C.
Other Navy graduates are Comdrs.
Howard H. j. Benson, Earl w. Spen-
StA [JAss hIlo OdNIu GoGuhIb.
Lieut.. Col. Harold L. Parsons, U. g.
M. c., was the second Marine In the
class.
Other Army graduates are:
CoIoneIs.
Moore, Charles B.
Lieutenant CoIoneIs.
Coles Roy \ Martin; FREDERICK L.
Dougherty. Louis r. Rudolph, Jacob II.
Fletcher. r. H. Jr. Scowden. Frank 2.
Ford, Louis p. Selleck, CLYDE A.
Fowler. Raymond F. Sparks, Leonard c.
Garrett. Robert G. Willis, John M.
LongiDo, Olin H. Garcin, Frederick r,
Malven, Henry H., jr.
Majors.
Allen. Leven G. Lennon. Bert M,
Allen, Roderck r. Lutes, Leroy
Allen. Terry de la NJ. Mckee, John L.
Arnold. Archibald v. Metzger. Earl H
Bonham. Francis @. Meyer. George n.
Bowley, Freeman W. Mulienix, John g.
Brown. Homer C. Patch. Joseph D.
BurreSs, WltherS A. Peabody, Hume
Cain, David z. Perkins. Robert M.
ChamblIss. TurnerM Peyton. Thomas G.
Chase. william C. Ransom. Paul L.
Finley, Thomas D. Smith, Charles c.
Fuller, Francis r. Smith. Ralph C.
Handy. Thomas T. Surles. Alexander D.
Heard, Falkner Swing. Joseph NJ
Hobbs. Leland s. Vanderveer. H. C.
Hobson, William II. Welch. Gordon B.
Hooker. Carl Z. Wilbur. William H.
Irwin, Constant L. Williams. Robert p.
Johnston. Edward 8. Woodberry. John H.
Kuegle. Albert 8. Young. Gordon r.
Captains.
Adler. Elmer z. Lindsey. Malcolm ?.
Burns. John H. Matejka. Jerry V.
Christmas. John K Myers. Donald J.
Collins, Harry j. Powell, Ralph T.
Eberle, George L. STREET.. st. Clair
Finan. Bernard J.. Weaver, Theron de w.
Hodge. John r. Wilson, Arthur r.
KrauS. Walter =. Zeidner. Samuel ].
Layman, Walter @.
The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1935-08-21
DOYLE PHYSICAL
| MARVEL REMARKS
OLD BILL BROWN
Irishman in Great Shape
for Battle With Baer To-.
morrow Night

II never saw q better physical
specimen; he's a splendid boxer;
he looks very good to me-" de-
clared Commissioners Bill Brown,
Of the New York Boxing Commits
sion yesterday afternoon after he
saw Jack Doyle box three four
minute rounds in his private GYM
nasium at the Edgewater camp up
Kingston, N. Y, way.
The Irish heavyweight champion
spared two heats with Willis Ma
gee and one against Mickey Me-
Avoy. Trainer Dan Morgan held
the watch on the lads and pur-
posely heightened the time one
minute each. He punched the bag
six rounds. In the morning he
ran seven miles with Magee.
"It figures to be thrilling
fight" added Brown. II have seen
Buddy in action and he has i'm
pressed me. came to see Doyle
to convince myself and I came
away convinced he is the goods"
Doyle speared Magee with left
hooks and now and then crossed
the right but he didn't put every
thing he had behind the punches.
He figures the right will turn the
trick. He expects to bury Max's
broter head deep in the resin dust
in one or two of the scheduled
six rounds in the ring of the Mad
ison Square Garden Long Island
bowl, Thursday night.
Tom McGovern, Doyle's man
ager, declared in the commission
er's hearing he is willing to bet his
fighters end of the purse that VIC
tory is as good as in.
HE Is in wonderful shape and
I am sure he will win by knock
out" said McGovern. Money
talks, SO IL Ancil Hoffman, Baer's
manager, wants to wager I'll be
glad to accommodate him."
Baer had his last workout yes
terday at Spectator, N. Y, where
he SPARED two rounds each
against Lou Scozza and Cell Har-
ris. In the morning he covered
six miles on the roads with broth
err Max.
| Both gladiators are scheduled to
appear before the boxing commits
sion at noon to-day for medical
examination. AL Frazin has been
selected by promoter Jimmy john
ston to officiate as announcer in
place Of Joe Humphreys who is
i'll.
The betting continues to favor
Baer at to /. Just as soon as
Doyle's admirers begin to unloos-
en- their bankrolls It is safe to
state Jack will climb through the
ropes slight favorite.