davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
TRANSIT REVENUES OFF
Journal Indicator Placed at $500
For Week of May IL.

BIZ Times Special
NEW YORK, May 21.-Transit
revenues for the week ended May
II. as reported by a representative
group Of companies, were slightly
lower than a year ago. according to
the Transit Journal Indicator.
The indicator stood at $500 for
the week ended May II. compared
with 1922 at the end of the preced-
ing week. All properties maintained
the same positions in the middle
states, except the industrial center.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
CUTTEN BUYING
SEEN PROPPINC
WARD COMMON
Chicago Operator Reported
Active in Wall Street
Again.
BY ALBERT X. ETTLINGER
Times Special Writer

NEW YORK, May 81. Wall
Street turned keenly attentive ears
today to the report that Arthur w.
Cutten. king-pin stock and grain
Spectator, who before the crash Of
1929 amassed a fortune, both real
and on paper" of s25O,0O0, 900, had
re-entered the stock market arena
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
FRTIIs ANn VEGETABLES

BY united Press
CHICAGO Nav 2i-Appies- Michigan
Spies hlshel boxes 81 Soal So Illinois
Willow TWtgs s. 50. Illinois Ben Davis.
81 isgi2f Carrots-WeSfern crates {
ccE. -1N2S0 Turrips- Mississippi. buShel
eSn SOC. Sweet potatoes - Tennessee.
hushel. 81. Lettuce-Western crates. nc
quote. Leaf lettuce Illinois. lob. car
tons s6ai soc Beans-LoulSiana. bushels.
-sc u I IS ca ge-M tssiSslppf. crates.
81 ESQ 50 Onion sets-ullnoiS and Mich
fcan. sacks bushel 75ca-i IS Peas
rrafoes-F Florida. Jugs s9Hs2s spinach
Missouri huShei 7SN aoc Asparagus -
Illinois sectional crates. dor eSc Rhu-
barb-Iiilnois. 4o-lh. cartons. 358 4oc.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
CANADA'S TRADE RISES
April Foreign Volume Up More
Than $4,000 over Year Ago.
b. Times Special

BIZ iMcs Special
MONTREAL. May 21-April for
eign trade of Canada was valued al
s74.900,071. contrasted with see. S61.-
3lT for the same month last year
according TO statistics issued today
BY R. c. MATHEWS, Minister of Ma
tional Revenue.
Exports expanded from So, 046.Sls
in April a year ago to S38296.3S7
last month. Imports during the
same period rose from s34,sl4,498 to
$50. sos, 734.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
MORE DIVIDEND CHANGES

BIZ Times Special
NEW YORK. May 21.-Dividend
declarations for the last week re-
suited in Is favorable announce
ments and five that were unfavor-
able. the Standard Statistics Co. re-
ported today In the previous week
there were Is actions on the favor
able side and only one adverse an
nOunCement.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
lBy James E. Bennett
SEC PLANS HEARING

Do tWJ8 NVftIWF
WASHINGTON, May 21-The
Securities and Exchange Commits
sion has called a hearing for Fri
day, at which time the American
Radio and Television Corp. will be
given an opportunity to appear and
show cause why effectiveness of a
registration statement filed May l
should not be suspended.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
SIX NEW BANKS OPENED
One Reorganization and Five Closed
Units Also Reported in Week.

bU WtS NptCIuT
CHICAGO, May 21.-Six new
banking Offices we're opened in six
states during the last week, accord
ing to Randy, McNally. The new
institutions are located in Georgia,
Indiana, Missouri, New Hampshire,
North Carolina and oregon.
The report also discloseS one re-
organization, one change in title
and five closed banks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Two Rules Cited

1.-The point is that our laws and
the right of contract derive their
ultimate sanction from public APP
proval. This has always been the
case. Today we recognize it more
clearly than we have in the past.
In other words the institution
that seeks to retain public goodwill
and avoid the abridgement of its
rights, which often follows public
hostility, or misunderstanding, must
comply with two fundamental con-
ditions. First it must render val
liable and socially salutary service
at a reasonable cost. Second it must
adopt and pursue program of eduv
cation which will convince the pub
lie that this service is valuable and
especially salutary."
Mr.. Gray stated that, in his
judgment the country has passed
well through the vale of adversely
and is now on the road to recov~
cry.
Speaking of the Securities and
Exchange Commission the head of
the Stock Exchange stated that
"the membership Of the commits
sion is composed of an exceptional
~ high order of public servants
and that they have the same desire
to preserve the integrity of our
markets, to protect investors and
to serve industry that we have"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
STOCK VALUES CLIMB

bY WtS NptCIUB
NEW YORK, May 21-The mar
ket value of so representative
stocks listed on the New York Stock
Exchange at the end of last week
was $12,628,711, $50, an average in
crease of $112O99,OOO, or 80 per
cent, over the preceding week, &C
cording to Paul H. Davis & Co.,
Stock Exchange members.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Wall St:
Bankers Starting to
Crack Down on
Proposed Act.
BY RALPH HENDER SHOT
Tines Special Writer

NEW YORK. Ma I'm
~ couraged perhaps - the ap-
parent success Of the public util-
ffv executives in securing conces-
sions from the legislative DTancn
Of the government ard emboidenea
bv the stand taken by the epaI1-
ment Of Commerce on much Of the
New Deai legislation. the pankeIS
in Wall Street have begun 10 crack
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21

aown" on the
proposed Rank
ing At Of 1885.
William C. Pot
ter. chairman Of
the Guaranty
Trust Co. Of New
York made the
kickoff a few
DAYS ago. and he
was followed by
Winthrop ". Al
duch. chairman
Of the Chase Ma
tional Bank
Many people
M doubt have
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21


been disturbed By these develop
ments. They probably have seen
in them a desire 70 interfere with
the efforts Of the Administration TO
bring about business and financial
conditions more suited 70 the needs
Of the nation. The chances are
that they have been unduly fright
ened. lust as the bankers and 9TH
or, in Wall Street have been M
necessarily alarmed with what the
leaders in Washington have been
trying 20 do
II all the facts we're known and
the wheat we're separated from the
chaff among these facts. II prob
ably would be found that the fun
damental ideals Of the two groups
are not so very far apart. The leg
islators in Washington, it may be
assumed. are sincerely DESTROYS Of
preventing. If possible. a recur-
renee Of the depression from which
We now seem to be emerging. and 1t
would be indeed unusual if the
bankers would like to see 1t happen
again, either.
n
TT must be granted. Of course.
Il that the folk in Washington are
obliged TO consider their political
prestige. and by the same token
the leaders IN Wall Street are anX-
iouS to preserve their right to do
business at a profit. Probably the
one group would cut corners to do
we'll by themselves politically, and
probably the other would do like
wise to increase their earning ca
pacity.
The fact. though. that one group
Is watching the other closely would
appear to be desirable to those on
the sidelines who must ride with
the ship. no matter what course It
takes. It would seem a much safer
situation than If either group had
everything its own way.
And although the political group
probably has the interests OF the
average man much more at heart
than has the representative of So
called big business. for the reason
that 1t is to the average man that
1t must look for political support.
this group IS handicapped in its
efforts by a lack Of practical bust
ness and banking experience.
IF. therefore, the political group
Il supplies the initiative in the way
of legislative reform and the big
business group supplies the checks
and balances against Overzealous
actions. the chances are that the
net result Will be reasonably salts
factory.
Both groups are playing to the
public gallery. which is as it should
be. and the person who fails to
listen to both sides of the argu-
ments is cheating himself. The
time to be disturbed is when the
bows get together behind closed
doors and the public is left in ig
nOrance as to what is going on.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Other livestock


oo6 CHIGAGo Ms ANN 2lmHoesFeseiD
9sS nen top s ST. RiSRest since October.
1880 270-425 lbs. S95Og995; 10000 lbs.
S925@ 99S g ego P 9 SB s2SS p1e sS
i6O lbs. good and choice $9.25@975 light
Weights, 10000 lbs, good and choice.
good and choice. SO s5@I0; heavy weights.
250735O lbs. good and choice. SO 5O@l
choict. s8i5Gs: slaughter PIGS. ioo-l4O
lbs. good and choice. s650n9 $50. Cattle
L7--Receipts. 5000; calves; 23OO; steer mar
itY palmer. however. and water fills lib
eral: this tending to strengthen downturn
compared with Mondays decline; other
killing classes moderately active tuly
and condition to sen at. 50 5Oa so: no
strictly choice offerings here and nothing
sold early above $3.50; slaughter cattle
e ehoce 100 6s good
snd choice SO q s66 lb lbs goodd
good and medium s625aIl IS heitsrs.
common coE1o ar and medium. s575G975; cows.
good. $4,000; common and medium. IS 80
@75o low cutter nd cutter goad
IS. 5OG6 SIS; vealers. good and choice. $3.50
mon s4.50m 50; stocker and feeder cat
tie steers. 550-l05o lbs, Rood, and choice,
81. 9OW J. 20 common ana HeuluIl. S9oOW
7.75 Sheep-ReceiDts. 5000: practically no
earlv action indiactions Is 10 so cents
lower on most Slaughter classes: best fed
clipped lambs held above S8.l5; larger in
terests talking under SO early. no bids on
spring lambs. California vearlings or size
able lots aged sheep: slaughter sheep and
lambs spring lambs. good and choice 1925
1925: medium s7d5 lambs. 90 lbs. down.
good and choice. S7.6ogs25i common and
choice ST 50G825: es-lIO lbs good and
choice. s735@s10: ewes. go-l5o lbs. good
and choice. s2.5064.35: all weights COM
mon and medium. sl.75n2.75.
FIT WAYNE. May -Hogs-15G 200
higher: 225-25O lbs. seas; 1s0-225 lbs.
s975 25O-3oo lbs. s965; 3oo-35o lbs..
So IS 13O-l40 lbs So l20-l3O lbs s85o:
100 lbs. So: roughs. s825 stays. s625,
Calves. 50 Wooled lambs, $3.50; clipped
lambs. $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
LOCAL CASH MARKET

CITY grain elevators are paving 70 cents
for No. , soft red wheat. Other grades or
their merits. Cash corn No. : yellow.
81 cents. and oats IS cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
ASsail Private boarding

While the analysts express their
preference for a managed currency
in which gold need not be used,
they acknowledge that such is i'm
practical because of the psychology
of men regarding gold. They ad-
vocate the abolition of private
boarding. however, and would con-
centrate all gold in the central
banks and B. I. S.
They attack the idea that the old
gold standard was an automatic"
balance. No currency which in
wolves the use of credit IS or mas
been automatic. England. once the
greatest creditor nation, the report
declares, formerly managed" the
gold standard, other currencies fol-
lowing the pound.
Regarding immediate Sterilization
after setting forth some of the con-
ditions considered requisite. the re-
port states that the committee was
divided as to whether action could
be taken at once. In connection
with expension of British economic
activity a slight fall in sterling is
held appropriate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
CENTRAL GRIP
CALLED CRUX
Of STABILITY
World Credit Control Held
Essential for Monetary
Security.

With the problem Of international
sterilization Of currencies largely
dependent upon the British reac-
ton to Secretary Morgenthau's inH-
tation to TAX business, students OF
the situation today we're studying
closely a report on The Future of
Monetary Policy" by group Of the
ROYAL Institute Of International At
fairs. This report has just been
published by the oxford University
Press.
With imagination and foresight
vastly transcending the immediate
outlook, this group Of economists
headed by Sir Charles Adds, and
including c. l. Bosanquet, o. r.
Hobson, Jules Menken and nine
others. not only presents an analysis
Of the present ills but suggests
an international financial structure
with greater power than any the
world has hitherto seen.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
New Business Books
Available at Library

The following new business
books are now available at the
business branch of the Indian
apolis Public Library:
HIGH-LEVEL CONSUMPTION CIV
william II. Loughl-"A measure
ment and forecast OF national con-
sumption which should help US 10
steer clear OF some OF the worst
blunders OF the 1905"
WHAT MAKES PEOPLE BUY: (bv
Donald A. Laird)-A psychologist
sees the sale from The customer
view point and shows how value can
be increased without increasing costs.
SAFEGUARDING INDU STRY
AGAINST THE PILFERING OF
IDEAS (bv Henry Creange)-A plan
for wiping out design piracy.
BETTER GOVERNMENT PER
SONNET Report of the Commission
of Inquiry on Public Service Per-
SOnneD-"We therefore recommend
that the everyday administrative
services be definitely made career
THE SCIENCE OF WORK tby MOI
ris $ Observation-Disclosures pSych~l-
oRv bv making a science Of work
has puL the bride into the hands
OF man. not Of the machine"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Money and Exchange

TREASURY STATEMENT
Bv United Press
WASHINGTON Nav - Government
expenseS and receints for he current fiscal
wear % Nav Is comnared with the cor
rsspondinG period Of the previous fiscal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Central OntrOI Urged

Realizing that sterilization of
world currencies depends largely
upon international movements of
money and credit, this group pro-
poses the rational management of
such capital and credit movements
by a strong central authority.
Such a central authority naturally
would have to control immense re-
sources. so the group suggests
strengthening the Bank for Interna-
tiOnal Settlements TO the point
where it would become a world ar
bitter of capital movements-per-
hitting capital to flow from cred
itOr countries TO nations where
sound credit could be established,
and where investment would be
most likely to prove profitable.
In essence, the mobilization of
world credit to prevent monetary
panics and crisis, the report states,
is much like that within a nation.
Elastic World Structure
What is needed is a world leader
of last resort who can satisfy the
demand for liqmdity in time of
crisis" the group asserts. This is,
in essence, a strictly technical prob
lem which can be solved on the as
sumption that the strong financial
/ powers are prepared to provide or
ganized support in an emergency so
that the world monetary structure
becomes elastic and able to respond
10 the strain put upon it instead of
being brittle and breaking to pieces.
This elasticity could be imported
into the world monetary system
through the machinery of the Bank
Tor International Settlements on
three conditions: First. that the
resources of the B. l. S. were in
creased; second, that the Central
Banks agreed that their deposits
or at least large proportion Of
their deposits-with it should be al
lowed to count as reserves; and,
third. that the restrictions on the
B l. S. combining its dealings to gold
currencies and enjoining special re-
gard to liquidity were removed"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-21
Major Angas' Latest

Traders, brokers and hangers-on reading nth
interest the latest cork Of Major Augds. entitled The
Boom Begins" The major, it 1CiU be remembered,
1CrOte The Coming American Boom"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29

certain circumstances to increase
classes of ships beyond the treaty
limit.
Immediate effect of the program,
however, was expected to be in the
Baltic Sea. Commentators said
that a German naval squirt could
soon place Reval Esthonia and
Riga, Latvia, at the mercy of Ger
man naval guns.
In anticipation of such a develop
ment, it was learned. Russia already
has made the defense5 of Leningrad
and Kronstadt imp, egnable and is
preparing to speed up naval expan-
sion.
British Russian naval talks are
to be held after the British German
ones.
German submarine constructors,
according to reports here, have been
occupied at foreign dockyards for
several years, building submarines
for other governments and keeping
abreast of technical developments.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29
BY SANDOR S. KLEIN
United Press staff Correspondent
(Cnnvright. 1895. BY United Pressl

NEW YORK, April 81 went to
heaven No. l today as the banquet
guest of Father Divine, whose dis
cipIes hail him as the reincarna-
ton of God.
Heaven No. l is at 20 w. 115th-st,
in the heart of Harlem. 1t is I'M
imposing, three story. red brick. 1t
once housed several bathrooms that
were rented for weddings and
dances.
This heaven is one of 81 operated
for the destitute by Father Divine,
diminutive Negro spellbinder, who,
without any visible source Of in
come. spends thousands of dollars
weekly on banquets for his followers,
and has a fleet Of limousines.
A tall, youthful Negro, wearing
spats. was washing the glass panels
of the front door.
Peace, Brother Is Password
He smiled and intoned the pass
word of this unique institution:
Peace, brother! It's wonderful
A pungent odor of coolling-ferv-
ent singing-rhythmic clapping of
hands and stamping of feet through
the building.
A squat, aged Negro talking with
a wrinkled, gray-haired white wom-
an in the hall, informed the visitor
that "the Father" had not yet ar
rived He pointed to the door of
Brother Lambs Office" Brother
Lamb is one of Father Divines five
secretaries.
Peace" a voice responded to the
knock. The door was opened by
pale, well-groomed young white
man, Brother Lamb"
Father Divine is always busy, he
explained, but he promised to speak
to the Father" when he arrived for
the afternoon banquet" Two ban
quets are given daily, one between
and 4 p. m, and the other be-
tween 9 p. m. and midnight.
He's Wonderful Is Cry
Like Jesus Christ, of which the
Father is the living spirit, Father
Divine feeds his huge, hungry flock"
the secretary said.
The arrival of Father Divine at
his Heaven No. /" was signalled by
cries Of He's wonderful He's Godw
Father Divine stepped out a
bright red limousine. Peace" he
greeted group of Negroes and
whites who had gathered at the en-
trance. Father, you is wonderful"
Turn to Page Three
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29
? More Lives Added to
Auto Toll; 20 Arrested

taken to City Hospital for treatment.
Funeral services for Mr.. Young
will be held at 2 tomorrow in the
Moore g. Kirk Funeral Home, 1880
Station-st. Burial will be in Wash
ington Park Cemetery.
Mr.. Palmer was killed when his
car struck telephone pole, breaking
it into four pieces, in the 1900 block,
Madison-av. The car skidded then
into a tree and finally stopped at
the side of Coy Corner Lurchroom;
4240 MadiSon-St. The victims head
was crushed in the wreckage.
Mr.. Palmer was employed at the
James Whitcomb Riley Memorial
Hospital for Children. Mr.. Young
was employed by Eli Lilly & Co.
There were no other major acct
dents reported to police.
In Municipal Court today. ~ driv-
ers were convicted of traffic viola
tons and three of them, one
taxi driver. had their drivers
licenses suspended.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29
THWART EFFORT TO
KILL ITALIAN CONSUL
Boston Detectives DiSarm
WouId-Be Slayer.

Bg United Press
BOSTON, April "a bold at
tempt to assassinate Augusta Russo
Italian ambassador, was made To-Day
in the historic hall of flags IN the
Massachusetts Statehouse.
AS the ambassador descended the
broad stairway with his retinue att
err an official visit to Gov. James
Curley, a man who Identified NM
self as Eugenio Camaiani, AZ, leaped
at him, dirk in hand.
Only the alertness OF three BoS-
ton detectives, who leaped on the
man and disarmed him, averted pos
sible death or serious injury to the
visiting dignitary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29
PfaffHugheI Assets Are
Placed on Auction Block

Amid spirited bidding Of approx
mately so persons, assets Of. Pfaff
& Hughel, defunct investment
firm. we're being auctioned of today
in the offices Of the firm.
Resembling an end of -the-montn
bargain day at department store,
office equipment of the firm, which
went into bankruptcy the first Of
this month, was put up for sale,
under the brisk tongue Of Abe
Greenwald, well-known auctioneer.
An offer of $3.50 for the office
furniture and $3.50 for the customers
lists of the company already has
been received. according to A. r. c..
Kipp. local attorney and trustee Of
the bankrupt firm. Individual bids,
it vas believed, probably would ex-
coed these amount, and if they do.
will be approved by Carl Wilde,
referee IN bankruptcy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29

One spectator at the sale COM
mented that bids on the furnishings
exceeded the prices of Office equip
ment firms for new furniture, in
some instances.
First hearing in the bankruptcy
proceedings was held before Mr..
Wilde last Tuesday, at which time
Myron NJ. Hughel. company presi-
dent. was subjected to several hours
Of questioning concerning the assets
Of the firm, placed at s575,000 in
the original schedule filed when the
firm went into bankruptcy. April 8.
Testimony at this hearing re-
vealed that many Of these assets
were not free items, and it was in
timated at that time by Mr.. Wilde
that creditors would receive only a
small dividend when the affairs Of
the company are concluded. APP
proximately IS creditors were pres
ent at the meeting last Tuesday,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-04-29
MISSING BOYS
BODY is FOUND
4-Year-0Id Mute Fell in
River or Was Killed,
Police Claim.
BIZ JHifed Press

BIZ JHifed Press
CHICAGO. April 29.-The body of
Richard Max Perrot, tiny four year
old mute who disappeared from his
home April 4, was found today in
the Chicago River.
It was impossible to determine
whether the boy slipped from the
bank of the river and fell to his
death accidentally or whether he
was murdered by a moronic kid
naper.
The boy, whose speech had been
impeded since birth, had been play
ing short distance from the home
of his father. Max Perrot, on the
afternoon of his disappearance and
neighbors reported seeing him in the
company of "a tall thin man."
An escaped inmate of the hospital
for the insane at Elgin was ques-
toned but released.