davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
VITAL STATISTICS
Marriage Licenses

Louis Vessel. Is. OF 1910 suzs. Grove.
~. mechanic, and Pauline IKE. Il. Of
SO White River-0lvd. factory wotEer.
william Neal a. Of $40 n. nilnols-st
t~oolmaker. and Madge Turner. Il, OF 1887
N. LlinOls-st. cashier.
t%anitor. and Hazel Seyboid. 3. tof 220I
kOoseFelt-aV. waitress.
George Wildrick. 70. Of 223 T5nple-av
trucker. and Marguerite Richard. 20. Of 81
S.. RuTal-st. houSekeeper.
Hans Boehm Evanston, H. flesman
woodruff Place, housekeeper.
Donald Stillrell. q. Alton. III clerk
and Betty Pearce. "a. Of S5l5 Z. Washing
ton-st. stenogrspher
p5 5a5E3 s 81 Fs. ~ q 6. : : "a. o h So 8
Roena-st. factory worker.
lie Row selbv. 30. Connersvills. I'D die
maker. and Goldie Marshall. p. " AS Z
Nlchlgan-st. houSekeeper-
owen Green. o.. q 1910. .Co!gre5s-ay.
radio engineer. and Helen h.yerl. 20. OF
1910 Congress-av. housekeeDef.
Carvin PRYOR. 20 II 1888 s. shgfield-av
candv maker. AID VirEinla FirsGd. II. OF
30 Caven-st. hOusekeeper.
Elmer Whiting. 30. South BeEd. Ind
machinist. and Olga Horvath u. Of l3s
k~entuCkY-aV. drill press OperstorA
Charles McIntire. 81. Of i13 4reely-st.
chauffeur. and Alfretta Hayes, ~ Of 1910
Dryer-st, mill worker.
Albert johnson. %. of 1906 iMills-av,
clerk. and ma Glsnagan. "a Of 1886
English-av. clerk.
Denver Woodruff. 81. of 1892 Nc Capitol
av. salesman, and Wilma BurnE, p. OF
1914 y. Capitol-av. housekeeper.e
Robert WADE. %. of a. 6. TrImont-av,
dispatcher. and Eileen DOdd' 20. Sf 9l9 n.
Denny-st. checker.
Clifton somers. AZ. of 50 5. Bsadley-av.
foreman. and Anna Cooper. q. 81 1873 n.
DreXel-av. mill worker.
Edwin J. Ripple ~. Of 5775 n. Delaware
ST.. salesman. and Mary Chapman. 45. Of
3l3l ". Illinois-st. bank teller.
Alvin Zuebe. "a. Of r. r. 2IBox 405,
gardner. and Esther Christy. Ia Of 1919
Z. Westinghouse, housekeeper.
Claude Worlev. d. Of 135 N. Eggehil-rd,
laborer and Dorothy ByTne, l9, jot All S.
TroWbridge-st. housekeeper.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
LIE DETECTOR'
USED IN PROBE
Slain Night Club Workers
Wife and Waterman
Are GriIIed.

BIZ United Press
CHICAGO. Feb. 5-Two principal
characters IN a murder mystery
reaching into upper realms Of Gold
Coast society shouted liar" at each
other before police questioners to-
day while scientists of Northwestern
University examined graphs Of their
famous lie detector" to determine
which tells the truth.
Through 48 hours Of questioning
Mrs. Media Springer Straub, 34-year-
old former night CLUB entertainer,
has disputed with a night watch
man of the exclusive Saddle and
Cycle Club over details of discovery
OF the body of her murdered nus
band in the clubs basement Sunday
morning.
Brought face to face in police
headquarters today, the two eX-
hibited bitter animosity over vari-
atoms IN their stories.
That's a lie" Mrs. Straub shouted
when the Waterman, Gus Schwartz,
contradicted her on a minor point.
It's not. It's the truth" yelled
Schwartz.
The slain man, Louis K. Stradb,
46, was a bartender IN the Saddle
and Cycle Club, gathering place of
Chicago society Tor half a century.
His body was found by Schwartz
and his wife early Sunday, crumpled
in a basement lavatory of the club.
Seven pistol bullets had killed him.
Apparently he had been chased
through the basement by the killer,
who fired as ne ran.
Both Mrs. Straub and Schwartz
submitted to tests by the "lie &C.
tector" while they were asked al
most 100 questions each. It's in
ventor and operator, Leonardo
Keller of Northwestern University's
scientific crime detection laboratory,
said he believed both told the truth,
but that Mrs. Straub was conceal
ing information.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05

HULTHIZER, MAHALA-BeIoved sister of
Or. Elmer Hulthizer of 33rd and Denny
SITS, departed this life Tuesday. Funeral
notice later. For further information
friends may call MOORE q R CHI
1906.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
THE INDIANAPOLIS M
no Sol second pay
r ENTAILS
IL Furnished Rooms

VERMONT. IS ". No. 2. Sa4y-Lsrge
steam heated bedroom; ? windows. DeXt
10 bath; private family LI-S6t2.
WOODRUFF. 564 W..DR.-Nicely9furnisaed
warm front room! cheerful hIme. Pm
ployed lady: meals optional: $50 sGie;
SIS dble. CH-O800-M.
NICE front room. north: prlvfe nome:
privileges: garage: reasonable. WA
3835-M.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05

KILN. JAMES b. - Beloved father of
Mrs. jeanette CarrutherS and Mrs.
day morning. Feb. 4. age 10 years. Flu
neral services will be held at the resi-
afternoon. Feb. z. at 2 O'Clock. Burial
Washington Park Cemetery. Friends in
Vited. Friends may call at residence
after Wednesday noon. VALID FU-
NFPAT. TOR
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05

PARTY seen taking ladder jack from 100
block S. Snaffeld-av. Please return 1442
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05

Monday morning, fsthtr Of Charles e.
Hendrix, grandfather Of Elizabeth R.
Hendrix. Friends may call at the Ian
cav afternoon and evening. Services
and burial Waknman- o.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
ANNoUHcEM ENTS
l Death Notices

AUSTIN. MARY MOLLIE)-pied Monday
evening. Feb. 4. at the kome of hel
sister. Mrs. Annabelle Allhaids. 526 Ter
race-av. Funeral notice LAYER. BLACK
WELL SERVICE.
BAILEY. JOHN F.-Husbatd of Dora
Bailey n father of Hilary G. Bailey
and Wavland Bailey. pasted away a
his home. 1909 N. PennsvlTania-st. Mon.
day morning. Feb. 4. Funeral at Robert
Park NJ. E. Church Wednesday, 3 p. m
Interment in Crown Hill.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
BOYS SET HOUSE AFIRE
Youngsters Playing With Matches
Blamed by Firemen.

Police today are searching for
several small boys who never
learned the old lesson about not
playing with matches. The boys
accidentally set fire to a vacant
house at 621 E. 23rd-st late yeste4-
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
Deaths

Richard ogden, "a. of 253 N. Addison,
chronic nephritls.
William Henry Kaler. 6. Methodist Hos
pital. appendicitis.
David Reed. s. Riley Hospital. acute
cardiac d"ecompensation.
Sarah NJ. Hopper. rs. of 1921 S. East,
cerebral embOlism.
Edythe Joann Barnhart. 3. Of 1928 FL
bert. brOncho pneumonia.
Juanita May Minton, 4 mos, 1904 S.
Dakota. sufocation.
Elizabeth Wyatt. IS. of 1905 Ringgold,
arteriosclerosis
John Henry Farley. AZ. City Hospital.
broncho pneumonia. e
Nelson E. Hendrix. 80. of 1919 Park,
arteriOSclerosiS
Marilyn Kay icy. 2 mos, 1918 How
Miliard Roberts. 80. City Hospital. lobar
pneumonia.
Joanna Berry Robinson. n, of s62 w.
10th. cerebral hemorrhage.
John Stefen. IS. OF $50 E. Vermont,
lobar pneumonia.
Christian Prader, 68. of $50 Sanders,
cerebral apopleXy.
Nellie Gibson Rodewald, SO, ethod
Hospital. carcinoma
William Edward Showers. So. Methodist
Hospital. oronary occlusion.
JEFF Broadley, 70, of 25l7 N. oxford,
apOpleXv.
BENJAMIN Gronnes. "A, city Hospital, pull
monarv tuberculosis.
Homer H. Blacker, 81. City Hospital,
left arm severed.
Charles E. Morrison. 70. Of 1877 Oliver.
coronary thrombosis.
Walter P. Mclaughlin. 40. Of 2O2 Hume
Mansur Building. Landry's paralysis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
Births
Girls

III
Lawrence and Oracle Norris. 2027
Broadway.
Wayne n Martha Newton! 2153 N,
Harding.
Herbert and Ellen Cooper. ZIP Ingram.
Edward n Mildred Gruner. ISt. Fran
els hospital.
Walter and Frieda Minnich. 81. Francis
Hospital.
Roy and Edith Dibson. sd Francis
Hospital.
John and Virginia Babb. 81 Francis
Hospital.
Donald and Edith Hawkins. St. Fran
els Hospital.
william and Jean Marksbury. st. Francis
Hospital.
Lorenz and Delight Stems. St. Francis
Hospital.
BOYS
Elmer and Helen Gillian. st. Francis
Hospital.
Ralph and Hazel Corners, 1905 Cruft.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
ANN0UNCEM TENTS
4 Lost and u

FOUND-Glasses in case near Indianapolis
Times office; Werbe and Miessen, optl-
clans. No. l05687 inside case. MISS
PAGE. RI-5551.
PARTY seer taking ladder jack from 100
block S. Snafheld-av. Please return 1442
S. Belmont.
LOST-Ladv's white GOLD Gruen watch.
downtown. Reward. RI-9768. -
WIRE-HAIRED German s%chnauzer, lost
from Rolling Ridge pole field. Reward.
HU-23l0.
L~OST-Ladies' black hati Sunday. Please
call HA-479O-R. Reward.
ward. EDGAR ASHBY, l25 E.. Fall
Creek-pkwy. TA-5S25.
LOST-Pekingese: male, REQ. 1871 Cen
trail. Apt. 6. Reward. HE-4932
sTRAYED-Police dog wearing harness.
ville-rd; child's pet. Return to 3770
C~reston-dr. Reward.
ear and eve; vicinity 1880 N. Delaware.
Reward. HA-O502-W:
LOST-Bobtailed 7~-months-old fox terrier,
brown head and ears, with black blan-
ket-like spot over back. Name Fritz"
Reward. RI-3748.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
Plumbing Permits

c. A. Johnson. $50 N. Capitol. six fix
lures.
A. c. Erber. PENNSYLVANIA and Washing
ton. 20 fixtures.
F. cross. 536 E. goth. one fixture.
Home Plumbing Co.. 1884 N. Illinois,
FRANK brees. 1866 Lawrenie. two fix
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
IA Help Wanted-FemaIe
r RENTALS
Furnished Rooms

IL Furnished Rooms
So. OO-l-room modern: garage: also share
apartment with nurse. HA-2664-W.
s3-DELAWARE, N. 14o7-Well furnished
large room: large closet: excellent heat.
RI-s267.
COLLEGE. 24O8-Attractive front bedroom
and living room; good heat; next bath.
Reasonable. Phone.
COLLEGE. 2713-Attractive warm room;
studio couch. private home; So.
ILLINOIS. ". ~1907-Clean, large front; 2
beds: closets; steam: refined home; gen.
tlemen. garage
ILLINOIS. 2449. Apt. 3-Steam-heated
front room; private family: home priv
ileges. HA-1767-W.
MARKET. E.. 1927. Apt. Nice warm
room; next bath; private home: So. IL
ss47.
MERIDIAN. NJ. 96s, No. s-Cozy. steam
heated; next bath: 10 other roomers:
gentleman. LI-287l.
n. NEW JERSEY, l605-Front room; near
bath; good heat: garage: So. HA-3s95-J.
NEW JERSEY. N. 236l--One attractive
twin bedroom; $3.50 for l. 81 for 2.
Pennsylvania. N. l470--Newly furn.
sleeping rooms: hot Water heat; gar.
optional. RI-o7s4.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
Essex '28 Sedan
LOSEY MOTORS, INC
1122 N Meridian.

1873 N. NltAl OAdAis
FORD-'31 Tudor va: speedometer mile
age 1919; all new Pennsylvania tlreS;
reduced from $3.50 70 S322- LoM u0SSh
FORD-'34 de luxe coupe; actual mileage
2248; reduced from S545 TO S210. L9M
6% 7P gay II. We Meri tFiaqe' Noi "iD4D
FORD-'34 Fordor; used very little; ca ean6
be told from new; reduced IRON S32o t y
f4 e LEX a2Hnc 6.a S rs II. MEefSidiiaan-
5SfH & eE Ri SRegs SALES 3c5oo.wTA-555o.
I BSfH & 9EE Effsl f SALES EsO co. TA-555o,
E 5S2g ;, 5i7s qua l I neg co. tires TAl 935S5.
FoRD~Model A coupe. R. s.; SOS. 800
FORD sEDAN-Late 81, factory built
heater. Make offer. 1915 Finley. -
FoRD-'33 Eordor sedan s ED6SH}E4eTS
shows exceptional care; reduced 1r ON
s455 to 10y 10Y VII N1Lm f2Ta CO.. 100 n.
Meridian.
FRANKLIN-'3O; 5-pass. sed extra 1896
down payment. $50; HANHH "a 0nA
CO. 443 Virglnia-aV. -
Hg gP! o38dit fsaan' HG d2E9 4, SHARP e.:
443 ~Virginia-av.
harmonic; So sedan: $40 down.
HARRY A. SHARP CO., 443 Vlrginla-aY;
NAsH-'31; 8-cyl, deluxe sedan; six TTe
wheels: reduced from S425 to S382. 10"
M Sn%n c Gnis47H25 o N. Meridian.
NAsH-'29 sport coupe. good tires; TRACE
OLDsE'3l sedan; SIS down. ARR A.
SHARP CO. 443 Virginia-av. -
OTDsI3O coach: speedometer, mileage
1897; ,formerly. 0wned BY Iy25 elde T0v gown down
IeGuce%W We 5iG irade- ROY WILMETH CO..
F2O N. Meridian.
Plymouth '33 Deluxe Sedan
Finish payments, S28 each.
1915 College. -
PLYMOUTH-33; late 81 20 tZom Sps sSs0
WWIIMETH co. 100 N. Meridian. -
pTYMOUTH-32 four-door- sedan5 8 wire
wheels a TeduTWSe e t tTade. ''i ROY WILMETH
Seeor''n 72 2SSNN n. Meridian.
STTTDFPAKER-3l coupe wire Wneels,
reduced from s425 TO sS333;v LpT NnFoTTHa
6eoyim 72o N. Meridian.
WHIPPET-3l 4-cyl. 6ourdqoT seeoosaIn' , ag-
duced from $3.50 TO SZ[2I 10y "456p y
We trade. ROY WILMEIH o. 'zO ~
W4IPPFT-3O: 6-cyl. sed.; very clean Si4o
soTH & CENTRAL SALES co. TA-999O;
WTTJYS-Coupe speedometer mileage IL
359: hot water heater, IeouCeo 4IOHn
to S195' Low down payment. We trace
ROY WILMETH co, 72O n: Meridian.
NJ sedan: 1893 and 1894; guar
"aaLL[eeG. as low as s265. AUBURN IN
DTTANAPOLIS CO.. $50 N. Meridian. RI
1850.
WILLYs KNIGHT-R: S. coupe ". w.;
$50. 800 N. Meridian. -
SALE IS ON
CENTRAL BUICK co.
USED CAR STORE
s32 N. Meridian-st. Li-1S91
TIMES WANT ADS are the most
economical in the CITY
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
LEGAL&
Sc Legal Notices

GOODS stored in the name OF Robert
Reese. Viola Blanca. CNaEles sam2te,
Cuilar. David Jackson. Mary NJ Mi
chel. D. K. Epley, Mrs. L; e.. Frockl.
and Harry Sipes viii be f7ld for .stosage
Charges Thursday. Februfry IA, 1891 at
$50 a. m. Goods having a2een in stcrage
the required length Of tiFle and charges
unpaid. BANNER STORsGE CO., 4l9 Z.
Market St. RI-5O3o.
LEGAL NOTICE OF PUBIC HEAFING
PuBLTC Service COMMISSION
DOCKET NO. 21i3-M
Application Of Velta Hanxock anG X. N.
Stoltz. d/bfa Southern tfotor Exltless.
Evansville. for certificate tG operate MOTOR
vehicles as a common CAREER Of pIopE[tys
interstate. from EvsnSvill1 70 New Har-
mony. Illinois State Line oyer HlgnNaF 90.
Evansville TO Kentucky Ssate LIN ofeE
Eighway IL.
Notice is hereby given That the PUBIC
Service Commission will conduct PUBIC
hearing in this cause in Indianapolis. Ano-.
900 a. m. Feb. Il. 1885.
Public participation Is rSquested
PUBLIC SERVICE CCEAMlSolOn
BY P. IL. DAWSON.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05

BmIRT. vILMA-J5e 80 beloved wife Of
Tverette RAY BuI mother Of James and
MARION 1880 1880 y Ee go Yor6 < FPP 3s5eq1
Wednesday. 10 m, at the residence
" brother. Mdvine harrington, 1923
Churchman-av. fBurial Albright Gem
dtery. Kokomo. Ind. Friends invited.
Friends may call at the home of brother
Jny time after a. N. Tuesday. G. H.
HERMANN SERVICE.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05

FORDE'31 Tudor va: speedometer mile
age 1O,I49; all new Pennsylvania tres;
reduced from 1855 to S322 Low oooUGh
nav We trade. ROY WLLMETH CO.,
700 N Meridian.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
52-a Securities. Bldg. a. Loan

80 Personal Property Loans
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-02-05
SPECIAL DISCOUNTS

A discount Of 10E is given for CASH
or If bill is paid within ONE WEEK
after billing.
Evening star., 1935-07-04
Crude Oil Output
In May Averages
Above April Mark
BY the Associated Press

BY the Associated Press.
Crude oil production in May was
reported by the Bureau of Mines at
50. 900 barrels, a daily average of
2,659, 900. This was an increase of
45,600 barrels over the April average
and gain of $4,000 over a year ago.
The bureau attributed the increase
chiefly to higher quota and to sea-
sonal factors, with California produc-
ton rising almost to 500,00 barrels.
The Texas daily average increased H.
600 barrels to 1,o67,2 200. all the gain
being registered in the East Texas
fields.
Crude runs to stills averaged O.
594, 900 barrels daily, and stocks of
crude declined to 338,55s, 900 barrels.
Demand for motor fuel totaled 39,-
$1,000 barrels, a daily average of
1851 900 and 3 per cent increase
over year ago. Exports rose from
LAST 900 barrels in April to 2,141, 900.
Fuel oil demand was reported to
have declined. demand for kerosene
decreasing from 125,o00 in April to
114,000.
Refineries reporting operated at 20
per cent of capacity compared with SO
per cent in April.
Evening star., 1935-07-04
HEAVY FINES GIVEN
REPEATER DRUNKS
Judge Ralph Given Imposes Pen
alties of $50, or go Days
in Jail.

Today was no holiday in Police
Court, Judge Ralph Given having in
augurated a campaign to cut down
the number of arrests for intoxica-
ton by sentencing "repeaters" to pay
fines of $50 or serve 60 days in 10 OF
the large number of cases which he
handled during the morning.
In commenting upon the heavy
fines, in most of which cases the de-
PENDANTS we're unable to pay and
went to jail, Judge Given declared
that Washington's record of arrests
is misleading, in that most of those
taken into custody are persons who
have been arrested time after time.
The recordc would indicate. he de-
clared, a much greater number OF
persons arrested for intoxication than
are actually arrested. p
In one case today, George Chandler
had been released on his personal
bond just two days ago, when he
promised the court to keep out of
trouble. When returned today by
Policeman C. c. Darnell, Judge Given
said: II was kind to you two days
ago and your story that you were
waiting for a street car does not &c
this time. You are always waiting
for something, so I'm going to let you
wait for so days before you have an
other opportunity to appear in this
court"
Those sentenced to pay fines OF
$50 or serve so days were: Frank
Robinson, Webb King. Leslie D. Elder
Alfred M. Cole, Thomas Whitestone,
John P. Murphy. Matthew Fahey
Philip c. Lack and Max Ech.
Evening star., 1935-07-04
CITED FOR HEROISM

Commentator for heroism was
given to Luther C. Crowley, hospital
attendant at the Veterans Admin
istration Home near Hampton, Va.
who rescued a patient of the home
from drowning in a canal May 26
Gen. Frank T. Hines, administrator OF
veterans affairs, praised Crowley as
IAN inspiring example for all en-
ployes of the Veterans Administra-
ton"
In a letter to Crowley, Hines de-
clared: your presence of mind
loyalty to duty, and the meeting OF
the emergency with personal risk to
yourself, are commended and as
sure you are appreciated"
Evening star., 1935-07-04
Sam smiled good

naturedly. Maybe" he said, Il can.
You recall that salesman who was In
the other day trying to sell you
new line of goods? He mSrepre-
sented the merchandise, told YOU 1t
was a far better grade than he knew
it to be. And it was plain that the
chap himself believed everything he
told you. That was because red re-
peated the same story so many times.
Now, the chap I'm going to tell
YOU about wasn'.o so different from
that salesman. He went by the name
of Brown: owned small clothing
store over In BJlton. Brown was
bright youth. good locking and popu-
lar among the younger set. He had
big following az first, and cleaned
up tidy profit But after while
the number Of mis- customers began
to fall off You see. Brown btcame
known as a man who would p. omiSe
most anything in oroer to make a
sale. If his stock lacked a required
article, he'd promise to have II on
hand the next dl" or the next, know
| ing full we'll that to do SO was i'm
possible.
Brown was a past master at MAX
ing apologies ard smoothing things
over, but apologies ana excuses won't
provide a pair Of pants for man
who is planning 10 wear them On a
certain night at certain party. And
at the end of the second year the
youths profits mad diminished SO per
cent. Brown knew the answer, and
knew also that it was too late to
remedy a condition which he him
self had created in a too eager de-
sire to maintain large trade.
Things went trcm bad to worse
and Brown soured OH the clo.hing
business. 1t was not difficult to read
the writing on The wall; he knew that
failure stared him in the face.
Thoughts of bankruptcy made him
weak with humiliation. 1t occurred
to him that there was bare posi-
bility that he might sell the busi-
ness. With this in mind he journeyed
to a neighboring town and Inserted
an advertisement in the local news
paper.
LAS fate would have it. a prospect
showed up within tie next three
days. Brown, with keen foresight,
had arranged matters SO that condi-
tions in the store would appear
prosperous. During the brief leriod
that the prospect Wilson. bv name.
was in the store. at least half
dozen customers entered and made
purchases.
Wilson was impressed. The ap-
pearance of the store attracted him.
Mr.. Browns manner was open and
frank. The town seemed to he alive
to its opportunities. And 40 one,
because Brown was really a likable
chap, was prone to apprise Mr.. Will
son of the true cCpoition of affairs
at Browns clothing store.
There was lust cne thing that
ranked in the buyers mind. He
couldn't understand why Brown should
wish to sell business that was pay
ing so well. And, III open frank
ness, he asked Tie proprietor for
reasons.
Brown smiled sacly, lowered his
voice and explained quietly that his
Wife's health demanded a chsi.2e OF
Evening star., 1935-07-04
BANKS HAIL PLANS
TO LIFT j. s. BAN
Financiers Believe Re-entry
Into Underwriting May
Spur "NeW Money"
BY FRANK MacMILLEN,

NEW YORK, July A vigorous
injection Of new money" into the
arteries of industry may be the event.
ual result II Congress authorizes the
re-entry of commercial banks into Sc
curity underwriting, many Wall Street
banking authorities believe.
Banking officials generally are main
tanning anonymity in their comments,
while the banking bill is before Con-
gress, but privately a number Of them
have not hesitated to hail the pro-
posed change in regard to security
underwriting as forward step in the
beneficial unlocking of investment
funds.
THE investment banking capital OF
the country isn't big enough to swing
real recovery when it gets under
way" said one banking expert.
Favor Limitations.
"By permitting commercial banks to
participate in financing activity in
vestment bankers can turn to equity
financing, and such financing should
form the backbone Of any sound re-
covery in the capital markets"
This observer and a number of
others in the financial community
support the proposed limitations
placed by the Senate Banking Com
mittee version of the new bill on the
kind, amount and diversiflcation OF
deposit bank underwriting They feel
that such banks should properly be
limited to the underwriting Of bonds
and should not be permitted to sell
their fiotations to customers or cor
respondent banks, but only to dis
tributors or through a recognized ex-
change.
The restrictions provided by the
new bill are recognized in most bank
ing quarters as wholesome attempt
to eliminate pas. abuses which in
many cases existed in commercial
banks distribution of securities dur
ing the latter part of the boom years
Depositors Protected.
The limitation of underwriting risks
to prescribed proportions of the in
dividual institutions capital and sur
plus, one expert noted, appeared tc
him to place the hazard where it be-
longed. on the stockholder. and tc
protect the depositor.
A further source of safety was seer
in the provision of the bill which
subjected deposit bank underwriting
to rules and regulations prescribed by
the controller of the currency. Ii
generally well informed banking quar-
tiers this was believed to assure thai
banks would not be permitted to un-
/ derwrite bonds Of a character which
they could not now properly buy In
the open market as an investment.