The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-30
Trends
Highlights of News
During Last
Week.
BY MATSC
Times Financial Writer

A FTER a f8-n0ur deadlock. con-
~ r-ressional c~onferees Thursday
night struck down the controver-
siaI Thomas silver imitation amend
mrnt and reached a compete
agreement on President R~oOsevelts
< &sg0OOO.OO0 w~Ork-relief bill. The
largest appropriation measure in
national history emerged IN a form
almost certain TO be approved by
the President. The confer
ence report satisfied the warning
elements and left little ground for
any fresh assaults upon the BILL
DESPITE previous threats Of a hli-
buyter in the Senate by Senator
Thomas ID. Okla. members OF
the silver bloc asserted that they
would not stand IN the measures
path. A constitutional amend
ment 10 eliminate all tax-eXempt
bonds in the future was advocated
bv Bernard VI. Baruch. fnancier
and adviser 10 five Presidents.
Trstifyiur before the Senate Mu-
ni-ioue Committee on plans 70 take
mo u-odtg out Of var. MI Barucn
said he possessed some taX-eXempI
bonds but favored their elimina-
tion as a means OF making taxes
fafrer" A ? or , per cent re-
tai sales tax was predicted for IN
diana by Clarence A. Jackson, state
income tax director. MI
Jackson Is on a study tour as chalr-
man OF the research committee
charged with submitting a TAX pro-
qram 10 the special session oil n
legislature 10 be called Dy Oo'-
D-,,f " NcNutt. Advertising
for bids on approximately StVOU,OOO
IN ponds TO enable the Utility Dis
trict OF indianapolis TO acquire the
plant and property Of the Cltlzehs
Gas co. will probably be made next
veek Albert Rabb. attorney LOT the
Ut1irv District. announced WeoneS-
dow The resolution, drawn
bv the district. declares that
bords 10 be offered are TO be palo
SOLELY and exclusively from me IN
como and revenue Of such utll'y
Droncrtv and shall not IN any re-
en.cr o. a corporate obligation o.
indebtedness Of the city.
THE Belgian Chamber Of Dep-
mites today approved premier
paul Van Zecland's proposal 10 Sus-
mend the gold standard ana ne
ysule the belga By > per cent IN
his proposal yesterday the premier
r,td the RELEASING on gold you'd De
rrocted if. and when, an mterna-
,,oral currency agreement IS
cached. Formation of an equaI-
izafnn fund to protect the oelga
agaiust nuctuatiOn also was au-
,-o-.tod Observers IN Wash
inrton. although alarmed at the
developing European monetary cri-
sis predicted that the devalua-
ton OF Belgian currency VIII nave
a negligible effect, OF ltSell' upon
American trade. In the mea"
timo Treasury officials adopted a
new method Of Short-term nnanc-
ING Instead Of borrowing SlOO'-
o00 600 weekly. as has been u
practice. the amount will be re-
stricted 10 s5O.OOO.OO0 A a
tional co-ordinated land-use pro-
under the direction Of Rex
ford G.. Tugwell. Undersecretary
Of Agriculture. was in the maj
stages Of formation this week. MI.
TucweIl was appointed by the
president TO head a concentration
of present government agencies
concerned with land use. AT pres
ent a large number Of govern
ment bureaus are administering
policies which. officials conceoe'
are conflicting because OF lack OF a
entral directing force. For the
first time since 1880 the lOOOOO
mark was passed in the weekly
production Of automobiles ana
trucks in the United States and
Canada last week. according 10
Grams Reports. Inc. The eSti-
mated output was lOO.O65 units,
compared with $1,000 recorded for
Il preceding week. Production IN
the corresponding week a year ago
was 1886 units.