davidaulloa/AmericanStories huggingface dataset:
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
NORTH DETROIT NEWS

Sanford Morig0mcry, ana mother
OF Mrs G NJ Fields. loi, iHrnsidv
street
Mr. ana Mrs lienrs johnson Of
reiH sfrc' were isited las IA,
stork last weeh ANA are re- oic
over the arrival OF a fine haby %
Mir and Mrs Sanford Mauiun
new Of Flennr street. are tho
happy parents oi lovely babe
thl born last werk Mr aud Airs.
Alnnisomcry arc holh active nom
'b,rs "a Iomax A. II y Zion
Chltroh
Miss Edith Montgomery cditaf
of the Protective Lcayrc. Is III a.
= local hospiial. where she was
taken Monday night Her condi.
ticr IS imnroving.
Thomas Moore business mar
who resided al zl20 Cody street
died Dec. s. at $3.50 p. m. lie u
Survived by his widow, two broth
ers and one sister.
MT. turkman, y5cS Nreeiey StIet'
passed away Dec. 3. He is survived
by his mother four sisters, and a
brother.
A hot contest is On among the
Tribune newsboys OF North De
iroii. The boy selling the largest
number of Tribunes. before Dec.
%. will be given a handsome prize
nv the representative of the North
Detroit district. The names of the
winners will appear In the issue
OF Dec. 2S. The church and sun
day School TO which the winning
boy belongs. will also he mention
ed. on the night Of Dec. 81 par
~ and program will also he given
in honor OF, the newsboys. at the
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
Union Baptist

Services at Union Baptist Church
were well attended last Sunday.
Rev Copeland delivered fine dis
course.
The community lost highiy-es-
teemed citizen last Sunday. by the
death OF Mrs. Charity Braxton.
A cordial invitation is extended
TO the public tu worship during the
Christmas holidays at Union Bap-
fist Church.
Among the sick are W. Ham
ilton. Mrs. S. ID. Neusom. and F.
GOOde
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
RIVER ROUGE NEWS

The Dance at the Legion Head
quarters Friday night was a
gala and happy affair.
The reporter sold more papers
last weekend than any of his
helpers; bnt the rain. which lasted
all day Saturday. made II very hard
for smaller boys. My Prayer is
Give me more people with nlcklcs
for papers" Christmas is coming
you know.
ATTENTION. Deliver your
write ups To 2S7 Polk street by
Monday noon OF each week ANA
same will be sent in for publication
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
Community Baptist

Services at Community Baptist
Church last Sunday were inspiring
well attended. and enjoyed by all
present
The junior choir will present an
interesting program, Friday eve
ming. Dec. 10. at which time one OF
the young ladies' will be crowned
nuecn
The regular third Srndav mnsi-
ci.le will be rendered al 30 r ~,
SUNDAY. Dee i5th Et@--'s,o1y is
cordially invited to attcrd cash OF
thes, special programs
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14

ing OF the Detroit Musicians Asso-
citation was held on the evening Of
Dec. LIST at the office OF Mrs. Beu-
lab Young. 50l3 Milford street.
with the president. Mrs. Mile
Hynson. presiding. Final reports OF
the Autumn Musical al the ~" on
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
St. jaime. c. M. E

Although the weather last Sun
day was inclement. the services at
st. James were well attended.
Presiding Elder II. c. Coggins was
present at the evening service.
Pastor McLin's subject next sun
day morning will be. What Wilt
Thou" The public is always
welcome.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14

Nov 4th were made showing d
neat profit. The Association voted
10 join the Chicago Music Associa
ton in a fitting memorial to the
late Major N. Clark Smith on Dec
10th. by sending set of Resolu-
lions
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
(By Thomas Neusom. Jr)

Fby
The Happy Matrons Club had its
Annual Dance at QuInn's Lone
Pine. Saturday Night. Mrs Roscoe
is president. She says that It was
well attended. everybody had a
lovely time and the occasion was a
success in every way
Mrs. Blackman lost her mother
Our sympathy goes out to her and
others of the bercaved family.
z Miss Lilly Phillips, returned to
her home at Mariana. Ark. sun
day night She had been visiting
in River Rouge since June
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
Rev. p. l.. nerod. pastor

Rev. !. ID. Brown preached a
iorccful sermon Sunday. from Job
14:1i. text. IF man die. shall he.
live AGAIN. The pastor was alb
sent Sunday but will occupy his
pulpit Sunday. Dec 18th The pub
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14

"Hs nth Showed thse, D nss
what n gss'ds as1 what dssth
the Lord resuirs - thss, Bot -
Do Justly. and 70 Isvs .n~vcy,
and 10 walk hsnbly With ny
GiNdin-uIeah lfa
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
CHURCH ACTIVITIES AND RELIGIOUS WORK g

parlors OF Hoagland AID Crosby.
The Life OF Booker T. Washing
ton" and other noted race leaders
will be discussed.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14

Why don't you Try Alka-Seltzer
for the relief Of
HANGOVER
Stomach Gas. Headache, Acid Storm
ach. Colds. Neuralgia. Fatigue, Mus
cular. Rheumatic and Sciatc Painsl
ALRA-SITZER makes a pleasant.
sparkling drink. As II contains an
analgcsic. tacetyl-salicylste) u first
relieves the pain Of everyday all
ments. then by restoring the alkaline
balance, removes the cause when
due 10 Excess Acid.
At your drug store. Al the soda foun-
thin. and In Dc and COO packages for
home use.
EY3kyTIS5.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1935-12-14
POETS CORNER
TO YOUTH
(Rx noreen Erosfl

Glad pilgrims of the morning,
Whose eager spirit thrills
To the challenge of the sunrise,
The bugle of the hills;
Yours is the far horizon
OF mystic dawnlight pure;
Yours is the tender message
Of JOY that shall endure.
Lose not the wondrous vision,
o pilgrims glad and true;
A worlds slow progress upward
Waits - it may be - for you.
From st. Augustine College Paper
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
New York Stocks

By United Press
NEW YORK, May 23.-Trading
increased moderately on the Stock
Exchange today, although the deal
ings quoted in the afternoon with
prices moving iTTegularly.
Chrysler was in fair demand in
the motors. Oils held early gains
that ranged to a point. Tobaccos
we're strong and farm equipments
made small advances. Steels were
about steady. Rails gained fraction
ally while utilities eased.
Early in the fourth hour, U. S.
Steel was at 34i2, off u; Standard
of New Jersey sou, up 4; u. S.
Smelling 1872. off IS; New York
Central 1853, up Il; Consolidated
Gas 217s, off u; American Smelling
46ls, up -: Westinghouse Electric
49,, up q; Chrysler 4834, up Z,
and Wilson 5l5, up e..
AS the time neared for the Senate
vote on the bonus, traders became
cautious and the volume fell off
substantially. The Street antici
pated a vote to uphold the Presi
dent but was not sure enough of its
own predictions to play the market
accordingly.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
TIN POOL CRITICISED
BY LONDON BROKERS
Withholding of Stocks Makes Trade
Buying PerilOus.
BIZ Times SpCciGI


LONDON, May 23.-Pointing out
that the situation in tin in the
London market is getting worse" the
weekly circular of Brandeis- Gold
Smidt contended today that this
must have a very harmful effect
on consumption.
"One can not expect consumers to
be very anxious to increase their
turnover of the metal where it is
impossible to hedge against pur-
chases of raw material" the circH-
lar continued. There is no doubt
that the same thing is happening in
tin as happened many years ago m
copper when its price unjustifiably
was raised to over E100 a ton"
In conclusion the circular said
there would still be plenty of tin
to satisfy all needs if stocks were
released instead of being locked up
with the object of making money
out of unjustified and otherwise dis
astrous speculation"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
PORKERS AGAIN
MOVE UPWARD
General Market Around 10
Cents Higher; Cattle
Prices Steady.

Porker prices recovered yesterdays
loss at the Indianapolis Union
Stockyards today. Prices were gen.
orally 10 cents higher, excepting a
few classes of extreme lightweightS,
which we're unchanged.
The increase again brought the
top price of good and choice grades
up to $1005, the highest Level
reached since October, 1890 Re
ceipts continued to flow in. but a
scarcity of hogs was reported at
surrounding livestock markets. Sup
plies today we're estimated at 5000,
a decrease Of 1900 from yesterday 5
figures.
Demand continued strong in prac-
tically all divisions and trading was
at a fairly active pace. The bulk,
100 to 275 pounds, sold at 1895 10
$40. Light classes, weighing 100 to
100 pounds, brought $9.15 to 1855,
while others, from 100 to 100 pounds,
held at $84O to $500. Packing sows
cashed in at $825 to SO. HoldoverS
were ITO.
Trading was less active in the cat
tie market with all slaughter grades
mostly unchanged. Bulk of steers
and heiferS was valued to sell at
5000 down. Receipts we're 300.
Veaiers were largely so cents to 81
higher, salable at $40 down. Re-
ceipts numbered 800.
The first major increase of the
month was evident in the lamb
market. Practically all classes Of
fed western lambs we're largely 90
cents higher than yesterdays aver
age. Spring classes, however, re-
NAMED unchanged, selling at 50
down. Shorn slaughter sheep
brought $3.50 down. Receipts were
800.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
Produce Market

Delivered in Indianapolis prices: Heavy
breed hens. l6c; Leghorn hens. lSc.
broilers. 2 lbs. and Up, i9c; Leghorn bToil-
ers. = lbs and up fun ieatn s,a laei Leg
I6c: bareback broilers. f3c; cocks and
stays. &c. Ducks. fun feathered and fat,
classes Of guineas. l5c: No. ! strictly fresh,
country run eggs. loss Of l9c. Each fun
case must weigh s. lbs gross. a deduction
Quilted BY the wadley Co.
by United Press
CHICAGO. Nav Eggs-Market firm:
receipts. 24.0ei cases. extra hrsts. 24H4c'
5 lse d gfseeca 2c rs Checks 2ic
ket Arm; receipts. l79s; extra hrsts 30
7llz score. 25@25+c: extras 1s2 scorel.
onds ,8s-S7ia score. z3@23lzc;. specials.
26G 267tc; standards. 25s4c. Poultry-Mar-
ket steady TO strong: receipts, 81 TRUCKS:
fryers 22Iz n 24c: old ROSTERS. l3G l4c;
ducks. 9G1slzc. geese. IA lie. turkeys. l4D
l7s LeshoTdn SToilsTs ia 1875 sPT5599ss
daisies I4GI4Ac: Ioaxhorns.. 14Mi4i.c.
Potatoes-Old stock: supply liberal; de-
rand and trading moderate market firm
round whites. zoe: Miehigan round whites.
roc Idaho russet. $1,000 IS. New stock:
market dull and slightly weaker. Louisiana
bliss triumphs. s1-65Gi.70; Florida bliss
triumphs Showing some decay A. N.is:
rivals. 81; on track. zs2 shipments. 800
CLEVELAND. May -Butter-Msrket
firm: extras. soc. standards. zoe. Eggs
Market firm; extra whites, 24izc. eurrent
receipts 2'e PGgi saym iaxis iIsaeg
PotstoesDMaine. s5casl.os a iOo-lo. bag:
Ohio ossi a''y SgT f ioais,ans Bis
Triumphs. s1.75Nls5 a loo-lo- bag.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
BUSINESS RISE
HERE MARKED,
FIGURES SHOW
April Electricity Use Up
About 20 Per Cent
From Year Ago.

A rosy picture of city business 5
painted by April statistics released
today by the indianapolis Chamber
of Commerce.
One of the best gains was reported
in consumption of electricity, which
totaled 25,677, 801 kilowatt hours last
month as contrasted with 2l,452,036
kilowatt hours in the corresponding
month last year, an increase of ap-
proximately 20 per cent. Further
improvement in the public utility
field was reflected in increases of
about 100000 in the number of
street car passengers and 1000 IN
telephone installations.
Employment figures in so indus
tries reporting to the industrial de-
partment of the Chamber disclosed
a gain of 1400 workers over a year
ago.
Food Prices Higher
A check on food prices, using 1918
prices as 100. showed an increase of
approximately 25 per cent for May,
1885, as against an increase of 7
per cent for May, 1884. This was
interpreted to mean that food prices
are substantially 10 per cent higher
than a year ago.
Bank clearings for April were
81 Of e1nN1C 4
ing 1884 month, while bank debts
spurted $23,000,O00. indicating that
this city is keeping pace with other
sections of the country in expert
encing a growth in bank deposits.
Car LOadings Gain
Freight car loadings moved up 10
per cent as contrasted with year
ago. This city shipped out 1871
cars of freight last month, while
carloads received amounted to a.
$50 units.
Postal receipts increased from
3O8 498 in April, 1884, to 344,823 last
month. Real estate transfers were
down slightly, in spite of the fact
that the Chamber of Commerce
record of real estate sales. though
incomplete. shows a decided upturn
this year over 1884.
A total of 760 permits were issued
in April, against 367 last year. The
value represented by these permits
was 1898, 143 for this year and S102,-
244 for a year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
Other Livestock


BY Times 5pFEla4l
LOUISVILLE. May 3-Cattle-Reoeipts
325. run mostly stockers and feeders: de-
mand fairly broad for slaughter classes.
market generally steady: bulk common 70
medium steers and heifers. $3.50 %,
batter finished ouotaole 70 $40. so and above
for strictly good kinds; buik beef COWS
higher for smooth heifer types; most loE
cutters and cutters. s3.5oa 5: sausage
ford stockers and stock calves, s7gs.
palmer grade light southerns mostly So
5 as: few eligible 70 S5.75. Calves-Re-
ceipts 500. Including 200 stock calves
market steady: bulk good 10 choice yeslers.
s7ns: medium and lower grades 50 down.
Hogs-Receipts 900; market zoe higher.
ton and bulk better l80-25o lbs. 50 90. 255
lbs. up. ss.35: lso-l75 lbs 50 30: ito,lss
lbs. So go f20-l35 lbs. S7S5. soTs. 50 -
Sheep-R Receipts. 1900. market not fully
established on spring lambs. but indlea-
lions and most early bids fully steady win
wednesday: bidding SO for bulk OF the
better trucSed-in eve and wether spring
ers. choice longhaul and overnight lambs
held up to $3.50: bucks subject % the
usual discount. medium 70 sood e epp
ewes. s2.5003.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
Factoring, old Line Financing,
in Boo Before Mid7CeSt Industry

23-Factorng especially in textile lines has
outstanding enterprises the Eastern Sea-
Mdwestern trade
industry opportunity avail itself OF this
Walter E Heller
special department for this
activity.
using the services of factor is in position to do
capital structure thus accel
working capital and increasing its profits
credit hazard all and makes
manufacturer the two phases OF
which makes his promanufacrng and selling
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
On Commission ROIU

ouota,ions below sTs 'E Ss.g T5oif fSs
commission dealers
Fruits-Bansnas. &c %. Apples
Winessps sass. Rome Beauties, -.
sa paws, ssi So ssidSi Tsp 81 S ca96r
MIA. seedleSs 80 IS. Florida. Seeoless = =
Lines. Mexican per carton. rs 2oc
strawberries. Tennessee Arenas 2t-ot
case. s. IS. Tennessee BlacSmoreS. ss-9t-
case. 81 GRAPES. South America. 2o-lo.
Honey Dews. south America, s. IS;
Mexican. Jumbos. $ a crate. California
standards. 81 crate
Vegetables - Cabbage new Mississippi
large crate S225. New Louisiana. so-lo
bag si.s5. New Georgia. hamper, 81 50
Onions. new Texas yellow So-lo- osS
neW Texas white 5o-lh hsg, s27S Pots-
toes Green Mountains io0-lo. oag sl-sJ.
selected eoob.ers. loo-l5 oSS 81 %. ne n
i0o-lh baT s.. idaho Russets. loo-lh bag
S12S- new TriumpkS. .io0-lo ts-. 81
sSees PotstOsS ineia1 q 5 5srTSss 0u Es
bushei siss Beans round StringleSS.
hampers 81 50. wax 81 Cele.v washed
and trimmed medium eoE- soc, limbo.
195 , ss a as1 9a sSr SoS IS
>sndive California coZ. 81 Egg plant
sl2sG 80 dor. Ksls. eushei- SOC Le;-
fornia Iceberg head lettuce. St.25 Kan
mint. dor iss Parslsy. eos 5se. Peas
Sslosaa h s5sS. sst '0 R;ah s9in ssf
bushsi. 81 IS. sushei s53s BsetS. craze
S ss ISIS esi SOC c REssarS c' od'do1
dos. soc Mlsshroop.s. ID. 5oG5 Se.. iona
toes renseKed lob carton. 81 IS. reEu-
Al olststions subject 70 sHsnss ID or
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
WHEAT is STEADIER
IN INITIAL DEALINGS
Strength in Corn Influences
Better Tone.
BIZ United Press

By Uuted Press
CHICAGO, May 23.-Wheat prices
were steadied today by relative
strength in corn on the Board of
Trade.
At the start wheat was I'M
changed to Il cent lower, corn was
unchanged to y cent higher, oats
were unchanged to a cent higher
and rye was unchanged.
Heavy rains over Illinois and Iowa
have delayed field work and induced
bullish sentiment in corn which was
reflected in the wheat pit. Favorable
weather and crop reports from both
the winter and spring wheat belts
and lower cables from Liverpool
checked any upturn however. All
markets were rather dull.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
FEDERAL FARM LOAN BONDS
l.
CARBONIC CORP. EXPANDS

NW IHfF NVfrIut
CHICAGO. May 23.-The Liquid
Carbonic Corp. is expanding its
facilities at their main plant here
with a building program involving
the expenditure Of around 100000
for birding and between $500 900
and $500 900 additional for machine
tools and equipment. it was an
nounced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
NEW BUSINESS GAINS
indianapolis Life Also Reports Drop
in Requests for Loans.

indianapolis Life Insurance Co.
reported today that new business for
the first Is days of MAY was lao
ahead Of the entire month of May,
1884.
Requests for i~snS on policies have
decreased to the point where the de-
mand Is below normal The repay
ment on policy loans has shown a
marked increase.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
FRUITS AND VEGETABLES

CHICAGO. Nav 3-AppleS-Michigz
T9sSs 5 usss 80 ss nisso.s Ben n s19~
81 100 IS CarrotS-Westrrn. crates 8
cnx-. S12s62 50. TuFnlpS-Iliinois. buShel
Ttc. Sweet PotatceS-Tennessee buShei
eSc1si. Lettuce-Wesfern. crates 5 doz
f4N&73. Leaf Lrttuce-rlinois. l0-Ib. car
tons e0OIsc. Bcanx-Lcuisiana. buShel
81 IS. Csbbage-M Mississippi crates.
ki,I3tl le3t TennesSce 50 lbs. 81 te1l 50
Pe4s-Caiiforns>- hushel hampers. 81 20
s. Iomaroes-Fiorica. LuEs. S77sD IS
Ecuri- huxhel fSc . 81 Illinois 75c. As
paraEIS-uiinois. sectional crates cox..
l9c. lnarb-Illinois. 4o-ih. cartons. soc
ioHs and Texas whites. t7.lsa77s..
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
RFC LOANS 100000
Continental Motors Gets Credit at
s Per Cent Interest Rate.

IWtt = pttIHt
DETROIT, May ga $1,000 900
six per cent first mortgage loan has
been granted the Continental Mo-
tors Corp. by the Reconstruction FL
nance Corp, it was announced hcre
today.
The loan is to be amortized over
a five-year period with the bulk OF
the payments being due in the latter
years. Approximately 100000 OF
the sum viii be utilized to pay de-
linQuent taxes.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
AUTO PRODUCTION UP

By Times Special
OTTAWA. May 23.-During the
first four months OF the year Ca
madam production of automobiles
aggregated 74.8l9 units, contrasted
with 48.0l8 in the corresponding
period last year. according TO figures
released here today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
SENIOR SHARES CALLED

BH lfmss Special
NEW YORK. May 23.-The Outlet
Co. today called for redemption on
Aug. $500 shares OF 7 per cent
cumulative preferred.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
BABST GETS S77,160
American Sugar Refining Co. Heads
Salary Reported to SEC.


Salary Reported to SEC.
By Times Special
WASHINGTON, May 23.-Esrl D.
Babst, chairman of the American
Sugar Refining Co., received a SAL
airy of s77,160 last year. according
to reports filed today with the Sc
curities and Exchange Commission.
Joseph F. Abbott, president. drew
s48768 and w. Edward Foster, vics
chairman. was paid $4,000
Benjamin Belt. president Of P.
Lorillard Co., received s51,667 last
year, it was disclosed. George H.
Hammel and Everett Meyer. vice
presidents. drew s3l, 900 and s24,500,
respectively.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
Wall St.
Morgenthau's Plan
Of Bank Control
Opposed.
by RALPH HENDERSHOT-
Tines Special Writer

NEW YORK. May 23.-Banking
- leaders in Wall Street are as
much opposed to the suggestion By
Secretary Morgenthau that the
government own the stock OF the
Federal Reserve banks as they are
70 the Banking Act Of 1885. which
Is now being considered IN Con-
gress. They are prepared 70 tight
anv move TO place the banking busi-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23

ness Of the cOun-
try under pOliti-
cal control.
But Mr.. Nor
genthous pro-
posal that the
Federal Reserve
Board be COM
posed OF men as
much removed
from dictation
OF any sort
as is the United
States Supreme
Court would seem
70 diSsipate much
Of the weight Of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
(By James E. Bennett
LOCAL CASH MARKET

citv grain elevators are paving 70 cents
for No 2 soft red wheat. other grades on
their merits Cash corn No. yellow.
81 cents. and oats IS cents
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
Money and Exchange
TREASURY STATEMENT

WASHINGTON Nav 23.-Government
expenses and receipts for the current fiscal
year to Nav 81 compared with the cor
responding period OF the previous fiscal
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23
N2A But One Problem

The NRA is only one of many
problems. What is the future status
of the AAA? What will happen to
the public utility holding bill, the
bonus bill and the banking bill?
What stand is the Administration
going to take on imitation?
Are We going to stabilize curren-
cies or will We continue to foster
international trade wars by setting
up further restrictions? Are We to
continue to attempt to create pur-
chasing power through artificial
means or will We make it possible
for productive activity to be in
creased. thereby creating purchas-
ing power through the only sound
method known in the field of
economics.
It is evident that we are fast APP
preaching the crossroads of our
national policies concerning the re-
lation of government to finance
and business. 1t is becoming more
obvious that a choice must be made
between the political domination
of business and the adoption of
policies that will be conducive to
a sound business recovery.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-23

TINE relationship between bank
Il management and general bust
ness conditions is well known. EX-
ceSSive extension of credit was
largely responsible for the boom in
1923 and 1929. which later led to
the depression. and there is reason
to believe that the excess was not
all due to mistaken judgment. Our
leading politicians at the time
seemed to be unafraid of the situa-
tor. though, and even encouraged
it. so it might be assumed that the
country would not be entirely free
from danger no matter VINO dc
tstes the policy.
That a management selected TO
represent the interests of all the
people might be expected . do
better Job than one interested prl-
marily in profits or political pres
tige would appear justified. how
ever. one can not eliminate the
possibility Of error in human Judg-
ment. but. in the case of the banks.
II is possible TO eliminate some OF
the temptations.