davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
OFFERING AWAITED
By NATIONAL STEEL
Issue of s5O.OOO.OOO of As Expected
Within Next Few Days.
By Times Special

~ tntS special
NEW YORK. May 27-Ofering
of a new S50.000.00O issue Of first
mortgage per cent bonds by the
National Steel Corp is expected
within the next few days.
Significant features of the issue
are that the coupon rate is down to
per cent and the term is for 30
years. Approximately SAL 0000 of
The proceeds will be for refunding
and the balance for industrial ex-
pansion.
This issue may be considered as
somewhat Of pioneer in trying
out the present investment market
for industrial corporations. Invest
ment bankers expect its results to
provide something of a criterion
No similar offering is yet on the
books.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
RAMSEY TO JOIN BOARD

=
NEW YORK. May 27.-Lazard
FrereS & Co, Inc. announce that
effective June Is. George Ramsey.
director and vice president of The
First Boston Corp. will become iden-
titled with their firm as director and
vice president in charge of their
corporate buying department.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
Wall St:
Roosevelt Leanings
Toward Orthodoxy
Pronounced.
BY RALPH MISUNDERSTOOD
Tines ~nrrtal Writer

NEW YORK. May 27.-Recent
L y developments suggest that
President Roosevelt mas taken
very decided stand against infla-
ton Of any sort. His attitude TO-
ward currency imitation is made
clear by his action in the bonus
legislation. and the wages he has
set for relief employment indicate
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27

Chat he Is plan
ming 70 pend
the approx
m ately 5000
100000 relIef
funds very care
fully.
Those in the
Street who mad
expected the ex-
pcnditure Of this
huge sum 10
touch of { b e
credit imitation
movement are
now rather con-
O. q - n Il aE IN
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
LOCAL CASH MARKET

Civ grain elevators are paying II cents
for No soft red wheat Other grades on
their merits. Cash corn No yellow.
II cents and oats 80 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27

whether Il will do the trick. The
wages 10 b. paid are unlikely 10
cause workers 70 flock 20 the
government for employment even
though satisfactory projects are
found which is doubted IN many
quarters. The possibility cxls.s
that this fund may be- used IN
about the same proportion as the
money set aside 10 make loans
direct 10 industry.
II such proves to be the case. its
effect on business would be neg
ligible. and If the NRA IS SIDE
tracked. which now looms as a
possibility. II might not even be
effective IN halting the near-term
dehation which might be expected
10 result from price cutting ana
wage reduction.
IT is true, Of course. that bust
il ness already has improved con-
siderably. and many authorities
expect the uptrend 10 continue I'M
less something unusual occurs 10
give 1t a setback If the NRA IS
extended for a period OF two years,
as has been proposed. the forward
movement might gain such I'M
petus as to bring about credit infla-
ton without any help from the
government.
That We Will get credit imitation
sooner or later IS more or less
certain. Il will come when the
public generally. and the banks IN
particular. have sufficient conf
denCe IN the outlook TO lend the
money licii q already available.
10 business. Whether or not the
imitation becomes excessive Will de-
pend largely on the regulation that
is provided.
The issuance Of any large
amount of greenbacks would be
likely TO disturb the government
bond market, and that probably is
one Of the reasons why the Presi-
dent has taken such definite
stand against the proposed bonus
measure. An upset IN that market
might make it rather difficult TO
raise any important part of the
relief money which has been pro-
vlded for by Congress.
TN recent months the investment
Il market has shown a material
ifr11rOvppoppf COrnoraf1Ct1s arc
now able TO get funds in reason
able amounts az low interest rates.
II would be rather unfortunate to
disturb this growing betterment by
throwing a monkey wrench INTO
the machinery. With this money
industry Will De able to make i'm
prOvementS and bettermentS, and
its expenditure is bound to find
favorable reflection in trade fig
ureS and employment.
Evidently what the President de-
SireS IS steady Improvement IN
business in the orthodox manner.
He probably plans 10 spend only
enough government money to carry
the unemployed along until such
time as they can be absorbed IN
private endeavOr. but not enough
TO precipitate immediate initiation
or enough to build up a permanent
army of professional unemployed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
S9.I5 a Car Profit

StdtsticiduS in Wall Street 1cho studied the 1881
surplus account Of the Ford Motor Co.. estimated the
corporation earned 1915 print annual out
PIT Of 10000 units
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
Forward Buying Expands

Whether the threat of imitation,
renewed in the bonus debate, is
getting under the skins of buyers or
whether current purchases repre-
sent confidence in future business
activity, there is definite indication
that forward commitments are be-
ginning to expand. Inquiries for
July, August, and September de-
liveries of heavy machinery, betting,
valves, steel and metal products at
this weeks convention of leading
purchasing agents are reported sub
Stantially ahead of last year. Nom
ferrous metal markets also find
their customers willing to take on
more tonnage for future delivery.
First filings of steel prices for
third-quarter business revealed no
change from those now current, de-
spite higher freight rates. The sta
bility Of the price structure will pre-
vent any sudden bulge of orders in
June. The complaint now heard is
that the uncertainty of the fate of
the steel code is holding off some
buyers. Yet the operating rate has
maintained an even keel for the
past month"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-27
". Y. Bonds

Reprinted from Saturday,
by Abbott. Proctor 81 Paine)
DAILY BOND INDEX.
Evening star., 1935-03-23
HOME LANDSCAPING
SCHOOLS PLANNED
Maryland University Extension
Service to Sponsor Course
in Beautifcation.

Home owners in Maryland this
Spring will be given an opportunity
to learn about a longtime program
for general Identification of their
home grounds at series of one and
two day schools, which will be held
in number of the counties under the
auspices of the University of Mary
land Extension Service.
The purpose of the program. which
will be under the direct supervision Of
the home demonstration agent, will
be to make the home grounds more
attractive and add to the pleasure and
enjoyment of rural life.
Material for the 10 projects has
been compiled in four-page circulars
with many illustrations. Subject mat
ter of the circulars include the follow
'ng: General Management" Drive
ways and Walks" Planting and
Care of Lawns" use of Trees"
Foundation Paintings" Boundary
Treatment Screen Planting" En-
trance Features" Use of Architec-
tural Features" and Special Develop
malts."
According to those in charge, new
project will probably be taken up each
year although this decision will be
left largely to the co-operators. AS
each project is finished the CO.
operator will be given credit In the
form of seal added to a certificate.
Evening star., 1935-03-23
Price Advance Seen.

These dollars will not be the same,
Hilton holds. His reasoning: There
can be no recovery without advance
in prices. The advance is already
upon us. AS our purchasing capacity
Evening star., 1935-03-23

U. S. Equipment Used.
American Office appliances are be-
ing used extensively in Greece.
Evening star., 1935-03-23

CEMENT HANDLING
IN WINTER SOLVED
ThaWing of Ground in Win
ter Paving Work Found
advantageous.

Cement has been added to the list
Of building materials which can be
handled with comparative ease under
average Winter conditions, due to. de-
velopment of scientific methods. This
makes possible the laying of concrete
walks, driveways, garage and basement
floors, and similar activities at any
time except in severest weather.
First among the several Winter
time precautions Is not to lay con-
crete directly upon grozen ground. The
ground, II frozen, should first be
thawed out and dried.
The different ingredients of the
concrete mixture should be heated,
with the exception of the cement, to
around 100 degrees. Higher tempera-
lures are likely to produce a flash set.
Heating by Steam.
The water can be heated by injec-
ton of live steam, where steam is
available. or in any container which
happens to be handy. Sand and stone
should be heated separately, over
steam coils. on a sheet-iron platform
over a masonry fire box, or by piling
1t over an old iron pipe. q section Of
culvert. a smokeStacR, a boiler shell
or a steel barrel laid horizontally in
which a fire has been built. Tar
paulins laid over the heated sand and
stone will assist in preventing heat
loss until they are ready to use.
A cement mixture should be as stiff
as practicable, then placed promptly
to prevent the loss of heat.
Since cold retards the hardening
Of concrete, it should be protected
from low temperatures. 1t hardens
best between 10 degrees and 100 de-
gress, Fahrenheit, so that in cold
weather 1t is advisable to keep the
temperature of the concrete above so
degrees for at least three days.
Protecting Of Concrete.
One method of protecting walks,
drives and similar concrete work is
to cover them with heavy paper. then
with IL inches of hay or straw. and
finally with tarpaulins or boards. Some
contractors cover sidewalks and SINH
lar fiat work with removable wooden
or canvas tents built in panels. Sala-
manders, or small stoves, are often
used, especially where the concrete
can be inclosed.
Insured modernization loans for do
ing masonry work are being used by
many home and building owners un-
der the modernization credit plan Of
the Federal Housing Administration.
Evening star., 1935-03-23

This drawing of a quaint Cape
Cod Colonial cottage was made for
The Star by Maurice S. May,
Washington architect. A house
similar to the drawing has Just
been completed for A. S. Lord in
Woodbridge Gardens. The house is
of brick construction, painted
white. Exterior woodwork is
stained dark brown. The porch,
which opens of the living room, is
finished with rough-hewn timbers.
1t is a siX>room house with two-car
garage. The cottage atmosphere
Is carried throughout the house,
with quaint electric fixtures and
attractive wall paper in Colonial
designs.
Evening star., 1935-03-23

with q given number Of dollars de-
clines, the importance Of equity hold
ings In real estate will increase.
Through modernization we have con-
verted our wealth from dollars to
commodities; we have also, to the in
tent Of the additional investment,
hedged against the coming change.
1T makes no difference where the
dollars to modernize come from.
They may come from the owners
pocket or, II possible, they may be
borrowed. For example, view a prop
erty whose status is 80 per cent mort
gage. 10 per cent equity. Assume a
rise in general commodity level of Is
per cent. The buildings indebtedness
remains the same, at the same time
the equity has increased $50 per cent.
1t is the salvation Of the owner to
continue to ride this thing through. I"
outlook for higher future prices for
maintenance items is another reason
Tor whipping costs around the mod
ernization post, Hilton finds. In
wisely chosen improvements, I'VE
have wisely spent our dollar of today.
and we have at the same time con-
served our low value dollar of tomor-
row.
"A tiled wall does not have to be
painted IN the future. The same
thing Is true Of the canvas walls. It
will cost money to put them on now,
but the wisdom Of so doing will be
doubly demonstrable as time goes on.
The waterproof papered bath takes on
new importance. 1t saves on the
future. when to spend will avail us
less. The lowly linoleum on the floor
saves vanishing and reconditionine.
that on the wall saves painting. It,
too, has fulfilled a two-fold purpose.
1t solves our problem of the future.
It's own Of the present. 1t will con-
tinue to do so for a long time to come:
at least, until another economic cycle
descendS upon us. Then we shall
need both new inoleum and new eco
nomic theories"
Evening star., 1935-03-23

gage associations, as now constituted,
will have serious difficulty in operating
profitably. None have been formed
and it IS unlikely that many will be.
since it is apparent to investors that
they have small chance of substantial
net earning The secret lies in ability
to sell bonds Of low yield to provide
an adequate Gifferential between in
terest received and interest paid. A
two or five or even hundred Million
dollar bond-issuing corporation will
not possess sufficient public confidence
to secure the desired result. The
guarantee of the central bank will
assure bond saleability"
Evening star., 1935-03-23
Feature for Boys Room.

A useful bit Of equipment for a
boys room is a sheet Of waIlboard at
tached to one wall with a narrow
molding tackled around the edge. This
supplies a handy place to put up
drawings, posters, prints and other
material. The wallboard can be
painted to match the wall against
which 1t is placed or may be coated
in a contrasting color. The molding
can be finished to match the wood
work Of the room.
Evening star., 1935-03-23
WALL SWITCHES RULES
Location Depends on Habit in
Reaching in Dark.

The location of electric wall
switches is q minor but important
detail which often receives insufi-
cient consideration in remodeling an
existing structure or building new
home.
The location Of the switch with
reference to the habit Of reaching
for it in a dark room involves three
important factors, namely, its dis
tance from the trim. height from
the floor and the side Of the door
opening on which it Is placed.
Evening star., 1935-03-23
APARTMENT WORK
NOW At Low PRICE
Modernization Urged While
Dollar "Sti|I Has High
Purchase Power"

In view OF expected changes In
rental demand, today's dollar, with
its relatively high purchasing power,
represents a spending opportunity"
for owners Of apartment buildings to
fortify their economic position.
That is the conclusion Of L. w. Hill
ton, Chicago, writing on Economics
of Modernization" in the current is
sue Of the Journal Of Real Estate
MANAGEMENT, technical quarterly
published by the Institute of Real
Estate Management of the National
Association of Real Estate Boards.
The article is Of special interest in
view of congressional action now
pending to open F. H. A. insured mod.
ernization and other loans to apart
ment buildings, and in view Of r. F. C..
action, announced March IS, to get
mortgage money supply under way
for income producing real estate, in
cluding apartment properties.
Modernization Problems.
"The abode of the average man, the
ordinary apartment building, usually
three stories high. ranging from two
to over 100 units, with rentals from
$50 to $l25 month" forms the group
cited as that in which modernization
may hope to have its greatest eco
nomic possibilities, but "in these days
of paying out high-priced dollars,
high wages, high material costs. we
may as well face the fact that many
of our properties are not worth mod
ernizing." Badly "out" are buildings
where undesirable population move
ments are taking place.
THE migration is about to start for
a better place to live" Hilton be-
lieveS, on the promise of a coming
credit imitation. with the sense of
wealth it would bring. THE past five
years have curbed as never before our
fundamental instinct for satisfying
human wants. Wealth has always
burned its hole in the pocket. The
home, as always, will serve as the out
let for a goodly share"
Meantime. 'the stage was never set
to the better advantage Of the alert
property manager. At the present
turn Of the cycle. modernizing. under
skillful management, will kill two
birds with one stone. 1t will put the
building on a plane above its nom
modernized neighbors, equip it to
meet competition from other build
ings whose owners get the moderniz-
ing idea. And the cost will be in
dollars Of today, paid of in dollars Of
tomorrow"
Evening star., 1935-03-23
PREVENT GARAGE COLD
Experts Use Heating Apparatus
or Strips.

or Strips.
In the case Of garages built in the
basement or attached to the house,
many owners take the chill out of
them during damp and cool weather
by installing an independent heat
ing unit in them. or a unit connected
with the main heating plant Like
wise. the infiltration Of damp and
cold drafts into the garage can be
retarded by weather stripping, or by
mailing strips of felt or rubber sheet
ing around the doors. so that the
cracks will be covered when the doors
are closed. The materials being
flexible, they will bend readily when
the doors are opened.
Evening star., 1935-03-23
Boy, II, Is Skating Ace.

Jack Dunn. who won third place in
the European figure-skating champ
ionship contest at st. Moritz, Switzer-
land, Is only II.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-28
POLITICS
and
NATIONAL
AFFAIRS
By
Raymond Clapper

Raymond Capper universally recognized of the abest
political reporters and commentators writing for the Amer
lean Eighteen years of close association affairs in
Washington have given him rich varied background of
experience He has reported every national political convention
and campaign since 1920 He knows personally political leaders
in all parts of the country For four he chief
United Press Bureau in Washington He
1880 to the Disarmament Conference 1t Clapper
who first told the story of the conference the
Blackstone Hotel in Chicago that decided the nomination
G. Harding in 1920.
the impending Supreme Court decisions New Deal legislation
history is in the making With his brilliant accurate
porting and keen interpretations Mr. Clapper will keep you
abreast of the march of his daily
The Times
Starts Next Thursddu
Evening star., 1935-01-15
LAWYER IS FREED
'|ND|LL|NGER CASE
But Faces Second U. S. In.
dictment Charging Van
Meter Aid.
Sy the Associated Press.

BY the Associated Press.
CHICAGO, January 15.-Attorney
Louis Piquett was free today of the
stigma of the Governments charge
that he conspired to harbor John Dill
linger, but faced another Federal al
legation that he concealed Homer Van
Meter, a Dillinger henchman. Van
Meter, like Dillinger, met death at the
hands of the law.
Hardly had the jury in Federal
Judge William Holly'S court returned
q verdict of acquittal in the Dillinger
case last night, than United States
District Attorney Dwight H. Green
announced that the Government would
proceed to Piquett's trial on charge
of concealing Van Meter.
Says Fight Only Begun.
1--WE are not by any means through
with the prosecution of lawyers. doc
tors and others who have harbored or
who harbor in the future criminals of
the type of Dillinger,' the prosecutor
declared, in commenting on the loss of
the Governments first case OF It's KIND
against an attorney.
The Governments allegation in the
Van Meter case, prosecutors said, is
the same as that in the Dillinger
charge. namely. that he arranged with
James Probasco to have Dillinger hide
in ProbaScos home and then found
Dr. Wilhelm Loeser and Dr.. Harold
Cassidy to perform lifting and
flnger-tip operations on the Indiana
desperate.
The only difference between the two
cases, they said was that Piquett
would not be able to plead in the Van
Meter charge that he was acting as
the outlaws attorney.
Probasco killed himself by leaping
from the Offices of the Department OF
Justice on the nineteenth floor of a
downtown Office building.
Drs. Loeser and Cassidy and Arthur
O'Leary, former investigator for Pi-
quett, have all pleaded guilty in the
Dillinger harboring case.
All of them testified against Piquet
during the trial.
Evening star., 1935-01-15
INVESTMENT INCOMES
OF INDIANS TAXABLE
U. S. Court of Appeals Rules
Against Plea of Rich Okla
homa Tribesman.

BY the Associated Press.
DENVER, January 15.-The Tenth
Federal Circuit Court of Appeals de-
cided yesterday that income from in
vestments of wealthy Indians is tax
able under the Federal income tax
law
The decision was given in the appeal
of the superintendent of the five
civilized tribes of Oklahoma in be-
half of Sandy Fox, a Greek Indian
Property of Fox, consisting of
valuable oil lands in Oklahoma, is
under supervision of the superintend-
ent of the tribes and the Secretary OF
the Interior.
The decision said that while allot-
ments of property to Indians generally
are not taxable by the Federal Gov
ernment an exception is made in
case of investments of income.
Evening star., 1935-01-15
JAPANESE SIGHT PLANES
Charge Soviet Ships Flew Over
Hsiaosuifen and Mishan.

HARDIN, Manchoukuo, January Is.
R.-Japanese military reports today
said two Soviet airplanes flew over
Hsiaosuifen, 16 miles west of Pogra-
nichnaya, Siberia, yesterday after
noon, apparently reconnoitering. Ear
1ier, the dispatches said, pair of
Soviet planes made similar flight
over Mishan.
It was understood Japanese officers
viewed the incidents seriously, and
would probably protest to Moscow.
Evening star., 1935-01-15
Gardeners Heirs Sought.

TRURO, Nova Scotia. January is
R.-Heirs of Frank Norton were
sought here yesterday, following q re-
quest by the Chicago law firm Of
Cromwell & Co., which is handling
the affairs Of the former Truro resi-
dent. Norton was a gardener.
Evening star., 1935-01-15
Embassy Councillor Dies.

MUNICH, Germany, January Is
R.-Edgar Haniel Won Haimhausen,
German embassy councillor at Wash
ington from 1911 to 1917, died here
yesterday. lie was 81 years old.
Evening star., 1935-01-15
PRESS HEAD SUCCUMBS
South Dakota Association Head
Prominent in Work IS Years.

DELL RAPID, S. Oak, January is
P).-Carl E. Sanders, Sc, publisher of
the Centerville Journal and president
died yesterday.
Sanders was one of seven brothers
who have been outstanding in news
paper work in South Dakota for 25
years.
Surviving are his widow and three
sons, including Kenneth. member of
the Associated Press staff in Wash
ington.
Evening star., 1935-01-15
BUDGET BALANCED
Woman Mayor of Fort Smit,

Ark, Reports Cash for City.
FORT SMITH, Ark, January IS
R.-Mrs. Frances Buck-Fort Smiths
first lady" to whom politics is q
business and not game-yesterday
saw her efforts at balancing the city
budget meet with success.
Only woman ever to hold an elec-
tive Office in the city government, the
white haired, unassuming Mrs. Buck
reported that the close of 1884 saw the
city with $46.0 cash in its tills.
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-09-20

no SETTLE AN ESTATE will sell 2,334
ACRE stock ranch 20 miles east OF Lewistowm
Montana. Modern home. plenty water, Slo.vt
nor acre. SADIE aALhAoIf 'A
EDGE, Montana. -
The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-09-20
Big ENROLMENT
AT u EXPECTED
INQUIRIES FROM PROSPECTIVE
FRESHMEN SHOW 16 PERCENT
GAIN OVER LAST YEAR

Applications from prospective
freshmen students, who anticipate
entering the State university this fall,
are 16 percent more than last year.,
university administrative officers re-
vealed a few days ago. While no
check Is possible on the number of
former students who plan to return
officials r preparing for a larger
total registration than that of last
year.
The number of freshman applica-
lions, they point out, has always been
a good indicator of registration. Last
falls registration was the largest in the
institutions history.
The usual possession activity has
started On the campus. Recently Acting
President F. G. Scheuch sent letters to
all faculty members advising them of
the first faculty and advisors meetings
to be held on the afternoon of Sept. %.
Plans for the annual freshman week,
during which new students register and
become acquainted with the campus,
its buildings and facilities for study, are
nearly completed. Freshman week will
open Sept. "a and close Sept. %.
Former students will register on Sept,
81 and %. and classes will begin Mon
day. Sept. 30.