davidaulloa/AmericanStories huggingface dataset:
, 1935-11-25
4 RECLUSOS
HACIENDA Una
HORADACION
Sc Dio Orden A La
Policia De La II.
Matamoros Para
Que Los Capture
Especial para FL Heraldol


MATAMOROS, lamps, Nov. rs
Cuatro recluSoS que sc encontraban
en- la Carcel Pubiica de eSta ciudad,
lograron fugarse ell domingo por la
noche. hacienda una h%oradacion en-
n de las celdas ed dicha carcel.
FL Cabo Habilitado de Guardia de
Carcel, Gregorio Cuellar. informo en-
la Comandancia de Policia esta ma
mana que al hacer Ell recorrido de las
celdas de Ia carcel esta manana, Y
al inspeccionar las celdas de dicha
prision, sc habia dado cuenta de
que los recluSos que sc encontraban
en la zelda No. 9 habian hecho una
horadacion, logrando escapar de eSa
manera.
Los reclusoS que Sc encontraban
dentro de dicha zelda, informo ell
Cabo Habilitado Cuellar a sus SUI
periores, eran: Encarnacion Ramos,
Jose Hernandez. Narciso Sanchez y
Justo Cara Flores.
Sc ~inspecciono la zelda oonde sc
encontraba la excavation habien-
dose deScubierto que la horadacion
la habian hecho en- la pared de di-
cha zelda usando algunoS fierros, al
parecer.
Sc dio aviSo de 10 ocurrido al
Agente del MiniSterio Publico ST..
Lie. Ramon B. Arguelles, habiendo
ordenado ell Comandante de Ia Poll
cia, ST.. Jesus Maria Cavazos la re-
apprehension de los profugos.
FL sabado EN- la madrugada, 10
gro fugarse de la carcel Miguel
Reyes Sarmiento, uno de los reclusos
que habian sido comisionados para
hacer Ia limpieza de Ia Comandan-
cia de Policia.
Desde hace varios meses que al
gunos de los que sc encuentran de-
tenidos en- la Carol Publica, habian
tratado de fugarse, pero no habian
conseguido llevar a cabo su prop0-
sito descubriendose a tempo las
horadaciones que trataban de ter
minar.
, 1935-11-25

MEXICO. ID. F., Nov. 25.-Una
criminal conspiracion tendiente a
alterar el orden pGblico y que Sc ha
m~anifestado en- diversoS actos cri-
minales contra los maestros rurales
que desempenan una alta mission
educativa en- los lugares mas apar-
tados de los centres de poblacion gel
Pals, ha sido descubierta por la poll
cia.
Los inmediatoS resultados OBJ
tenidoS en- la acucioSa y serena in
v~eStigacion Nevada a cabO. han con-
ducido a la posibilidad de afirmar
que exiSte una probable trama sedi-
, 1935-11-25
Ell TEMPO

brownsville y el vale: EStarA nu-
hHada esoa noche. e marteS segui-
"a nriblado. Probahemente caerAn
sr1acerua No hRbra mucho cam
~ en- u temperature.
fHrDlaran v1enkos mpderados v
4reecos de- Sureste y del Este en-
IA costa.
n term6metro regiStr6 90 grades
eareuheA anoche. Esta mahana q
ias ocho regfstro 10 grades.
NJ RIO no cambaarA de nivel den
no de ~ horaS.
, 1935-11-25
EMP|EzA FUNC|ONAR
LA REFINER|A EN- P.
ISABEL, TEXAS
Fl Oleoducto Funciona Perfectamente. La
Maquinaria De La Refineria Purificara
5000 Barriles De Aceite Diaries

PORT ISABEL. Texas. Nov. Is
Fl Ola primero del proximo mes de
diclembre sc inaugurara en- esta ciu-
dad Ia gran refineria que ha ms
talado en- este puerto la Coastal
Refining Company
AL inaugurarse Ia refinerfa en-
este puerto habra terminado un
programa de construction que coSto
100000 dolares. y que llevo a cabo
en- este puerto 10 compahia refe.
rida Ia cual encabeza el Sr. r.
, 1935-11-25
A~prehendieron
Una Residente
De MatamOrOs

~ So sle &c los Diputad0S de Sheriff
Sar I"nQauo dc Cameron. Will Cab
~ "ei0 hoy Ia apprehension de una
go Fesldente de Matam0ros.
,.e,-de. Sorprendio en- ell acto dc
go Soletos dc una loteria Mexi-
aerr1to aItado Cabler. turno ell
Agarte. Q. Maurice. Jefe de los
r~euerales del Departamento
. VI mra~caron 81 boleto de lotcria.
vaba en- M y ademas otros que lie
''OA ~ ufa bOlsa de mano.
, 1935-11-25
Motoristas Multados
En- San Benito, Texas

pd4u II
SAN EENITO, Tex, Nov. rs. -
Cuarenta residences de San Benito
pagaron multas que ascienden a
$500 dolares en- las cortes de los
Jueces de Paz de eSta ciudad. como
resultado de las actividades de los
agentes de Trafico del Estado.
quienes Sc encuentran en- Ell Vale
inspeccionando los irenos de los
autos.
, 1935-11-25
Fanecio I'm
Residente De
Weslaco, Tex.

NLobNNIaI para - AACAH4UVV
WESLACO, Texas. Nov. 25.-Hoy
en- la tarde Sc verificara Ell sepelio
del cadaver del ST.. Thomas Had
den Purl, de rs amos de edad, QUEEN
reside en- esta ciudad por mas de
II amos.
e ST.. Purl falleci6 en- su resi-
dencia el domingo por la mafana
a las ii.
lie sobreviven su viuda, tres hi
iA6 y cuatro Mjos.
, 1935-11-25
lipo De Hoy

ira y d6lsr cotiz6 hoy n $50 con-
III de comm. huoo buen movimien-
camoio de y fronte ra a casaS &c
, 1935-11-25
CERCA Ella
ESTACION DE-
LAS JUNTAS'
Por Fortuna No Sc
Registraron Jas.
No Sc Detuvo FL
Convoy

MEXICO, u. T.. Nov. rs. IN
tormes que sc recibIeron how del
Estado dc Queretaro hacian Saber
que 81 tren que hace ell recorrido de
la cludad de Laredo. Texas. a esta
capital, habia sido tiroteado cerca
dc Ia estacion de Las Juntas."
Los dlSparoS los hicieron de- Ia
maleza, no ~pudiendose descrubrir In
ldentldad de los aSaltanteS. Afor-
tunadamente no resultaron heridos.
OtroS informes que Sc ~recfbieron
del Estado de Plebla. hacian saber
que dos personals habian sido muer-
tas Y heridas en- ~des6rdenes
Sc habian registrado en- dicho estado,
al verificarse los p~lebiscitos NUM-
cipales.
, 1935-11-25
No Ne Detuvo III Convoy

"a peSar de los disparos que se
nlcieron, el maquinista que tripulaba
Ia locomotora que tiraba el tren. No
sc amedrento, y logro imprimir mas
velocidad a La maquina, a Media
que los que d~isparaban contra Ell
tren 10 hacian con mas ~frecuencia.
Con TODD y ESQ, ell maquinista To-
gro poner Ell convoy a Salvo de los
~proyectiles de los a~saltantes.
al recibirse noticias de 10 ocurrido
en- la estacion Immediate * dio aviso
2 eSta capital, habiendose girado
oroenes para que salieran tropas
FederaleS al lugar donde habia ocu-
rrido el tiroteo, para investigar Ell
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
swine VALUES
MOVE UPWARD
Advance of Is to IS Cents
Forces Top Price Up
to SOLO.

An increase of is to 35 cents in
the pork market today at the In
dianapolis Union Stockyards carried
the top price for good and choice
weights to SOLO, the highest level
since Dec. 9.
Receipts were estimated at only
5000, the lightest number on hand
for regular session in several
weeks. This was attributed to bad
weather conditions prevailing
throughout the state. With only "a
hogs held over from Saturdays ses-
sion combined with the light sup
ply today, trading was extremely &C
tive and demand strong.
The bulk of 100 to 225 pounds,
cashed in at $40 to $10.10 while med
ium heavy grades. scaling from 225
to 275 pounds, cashed in at S9.75 to
1895. Extremely weighty classes,
ranging from 275 pounds and up
ward, brought s945 to $9.65. Light
kinds, scaling 100 to $50 pounds, sold
at 1926 to $975. Packing sows held
at 1925 to $8.75.
With only limited supply of
slaughter classes on hand, the cat
tie market was steady to strong.
Early sales of top steers held at
S11.50. Heifers were value at So
down, while some held slightly
higher. Beef cows ranged from
$3.50 to S625. while bulls were SAL
able at Sc down. Receipts we're 800.
Stimulated by a strong demand,
the veal market moved sharply 50
cents higher. The bulk of good and
choice grades cashed in at $1,000 to
Sill. Receipts numbered 400. The
lamb market also was strong TO
largely Is cents higher.
Most classes available sold from
$3.50 down, while slaughter sheep
sold at 1925 to $3.50. The supply
consisted largely of fed western
lambs not yet sold. but holding. at
higher terms. Receipts were $500.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
SHEEP AND LAMBS

Receipts. $500
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
On Commission ROlU

Quotations below subject to change ar.
average. Wholesale prices being offered tc
huNerS by local commission dealers;
Fruit-CrsnberrieS, C. c. Hsmes. Eat
mores. 25-lh box S4.75. Pears-Washine
ton DAnjo, S3.25. Calf. avacados, S3.75
Bsnanas-Seven hands, pound, Sac Per-
Simmons-Calif ornis, lug. s125 Apples
thys. 81; Grimes Golden, SIPS. Lemons
64s to EOS, s3.25; Arizona Sunkist. s2.75
Limes-fdeSican. a carton las, lac. Grapes
Emperor. lug. So; fancy Emperor. s4-lb
sswdust chest. 81.
Vegetables-Beans green. round string.
less. bu.. $3.50. Beets-TeXas. 3-doz crate
sl.S5. CabbageNew York Danish S0-lb
bas. soc. Csrrots-California, doz crate
<S.7S. doz., ~. CauIiflower-California
crate, s2.l0. Celery-Michigsn. washed
and trimmed, is stock bunch 55c; jumbo
COZ, 65c. CucumberS-Southern. bu.. $3.50
doz., ST.. Kale-Home- grown. bu.. soc
Lettuce-1cebers. California, good ss.7S
dive-California basket, ass. Mangoes =
M iBtni esa 2oc % small basket H,2'
Mustard-Home grown, bu, SOC Onions
indiana yellow, S0-lb. bag. Sis: Indi-
ana yellow, l0-lh. bag, s1.5o Parsley -
Southern, doz.. soc, Peas-Telephone
hampers. $3.50; Texas hampers. SITS. Po-
tatoes-Round Cobblers, l0o-lb. bag, 81 so;
Michigan Round White. loo-lb bag. $3.50:
Early Ohios. bu., SITS: Idaho RusSets
S2.SS. Sweet potatoes-1ndsna Jerseys
baskets' ,t5a6oc. sssee.Doz., t5c. Spinach
$3.50 Tomstoes-Florids. lo-lb. carton
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
BANK CLEARINGS RISE
SHARPLY DURING WEEK
twenty-five Leading Cities Report
Increase Of Is Per Cent.

Times Special
NEW YORK, Dec. 23.-Total bank
clearings reported by % leading
cities in the United States for the
week ended Dec. Is amounted to
Sc ,251 ,978, 0OG, compared with So
l6o, 782,00 in the corresponding pc
riod year ago. an increase OF Is
per cent, Dun 81 Bradstreet, Inc,
announced today. This compares
with gain in the preceding week
of ~ per cent.
New York City reported a de-
crease of 6.3 per cent for the week,
while outside centers showed an in
crease of 20.3 per cent. Heavy COR
porate taxes payable at this time
swelled bank settlements both this
year and last. it was reported. Total
clearing for the last week exceeded
those of the preceding week by ST.
100 ,246,000.
With the exception of New York,
totals for all cities were substantial
ly higher than year ago. Notable
gains continued at some of the out
side centers including Boston, Buff
falo, Pittsburgh, Cleveland, Cincin-
natl, New Orleans, Chicago, Detroit,
st. Louis and Louisville.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
FLETCHER BILL GETS
REALTORS SUPPORT
Government Urged to Provide
Agency for Urban Mortgages.

Agency for Urban Mortgages.
Times Special
ATLANTA Ga. Dec. 23.-Real
estate representatives from seven
states met here last week for the
first Southeast convention of real
tors, and in formal resolutions urged
the Federal government to imme-
diately provide comprehensive
agency for urban mortgages upon
such plan as outlined in the Fletch-
er bill, which provides for a central
mortgage discount bank.
AS outlined in the bill the agency
would be essentially a private inSti-
tuition operated under governmental
supervision. The bill, introduced by
Senator Duncan U. Fletcher Cd,
Fla, chairman of the Senate Com
mittee on Banking and Currency
was referred to the subcommittee
on banking and currency. Hear
ings are expected when Congress
convenes.
The central agency, which would
give discount facilities for all groups
of urban mortgages, also give a safe
medium for investing in mortgage
securities. is asked by realtors as
focal point for the work of various
Federal corporations and admins
trations dealing with the mortgag e.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
INSURANCE VOLUME UP
1885 Investments Expected to Pass
$4,000, oOO, 900 Mark.
Tim es Special


PHILADELPHIA, Dec. 23.-The
possibility that 1885 investments by
life insurance companies will pass
the s3,O00,000,000 mark, mark
never previously reached. is seen by
William A. Law, president of the
Penn Mutual Life Insurance Co.
Total investments for the year, up
to and including the week ending
Dec. Z, stand at s2,830,811 $40, COM
pared with $685. 17,421 invested
during the same period last year.
Investment during the week ending
Nov. 8 amounted to s110,569, 1877, the
greatest amount ever invested in
one week.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
BnSigraphS

The cash income received by our
farmers has steadily increased dur
ing the past three years, so that
1885 receipts should be nearly 81
per cent above the low year of
1882. Approximately 81 per cent
of the cash farm income in the
first 10 months Of this year was
from direct government benefit
payments. Although farm income
is still well below the 1929 level, it
has been estimated that the farm
ers' purchasing power is now some
20 per cent greater than in 1899.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
NOVEMBER CARL 0ADINGS
INCREASE 10 PER CENT
October Net Income Best for Any
Month Since 1881.

L tWes SDectdt
NEW YORK. Dec. 23.-The sharp
improvement in october rail traffic
was carried over into November
when carloadings showed an in
crease Of Is per cent over the pre-
ceding month year ago, Poor's
Publishing Co. announced today. A
corresponding increase was shown
in October.
Net income for Class railroads
in october amounted to $50. 900 900.
compared with S5,715,000 in the
corresponding month a year ago.
This was the best single months
report since 1881. and the best Oc-
tober report issued since 1880.
In the first nine months of the
current year, the railroads were
running a loss of $4,000, 900. COM
pared with loss of approximately
$50 100000 for the same period in
1884, it was reported. In the 10
months through October. the cum
ulative loss was reduced to s34 .0oo.-
600, against a s31 $4,000 deficit in
the like 1884 period.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
HUDSON SALES Squirt
Volume For Week Ended Dec. IA
Best Since June %.

CHICAGO. Dec. %. Sales OF
Hudson and Terraplanes for the
week ended Dec. IA were higher
than for any week since June 90,
William R. Tracy, vice president in
charge of sales, announced today.
Retail sales in the United States
for the week ended Dec. IA totaled
2,071 units.
Sales for the first two weeks in
December amounted to 1000 cars,
total exceeding the first two weeks
OF any month in the entire year
OF 1885 except in April, the normal
peak month. The gain registered
retail sales for the week over the
preceding seven-day period is the
tenth successive weekly increase.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
WHEAT PRICES RISE
IN EARLY TRADING
Chicago Pits Firm Through
Liverpool Influence.

By United Press
CHICAGO, Dec. 23.-Firmness in
the Liverpool market filtered
through to the wheat pit today on
the Chicago Board of Trade.
At the start wheat was % to y
cent higher, corn was unchanged to
IS cent lower, oats were off Is to up
Is cent, and rye was 4 cent higher.
Although wheat traders were in
clined to move cautiously in view
of the approaching holidays. small
buying early was a reflection of the
improved tone in Liverpool.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
BANKERS GROUP
FIGHTS EXCESS
CHARTER ISSUE
Association President Sets
Campaign Against
Old Evil.
Times Special

Times Special
NEW YORK, Dec. ga program
to combat return TO overbanked
conditions in the United States
through the chartering of an excess
sive number of new banks were
made public here today by the
American Bankers Association. q.
This purpose is brought out in
foreword by Robert v. Fleming.
president of the association, in
study by its economic policy COM
mission of the history of bank char
tering policies in the United States
made under the direction of Leon
ard P. AyreS, chairman.
The commissions study gives an
impressive revelation of how great
a part mistaken public policies in the
chartering of banks played in Great
ing the unsound banking structure
which finally collapsed with the
bank holiday in March, 1888" MIR.
Fleming said.
No Guarantee Against Repetition
"Overproduction of banks. liter
ally by thousands. over many years
in the face OF insistent warnings not
only from bankers and others who
recognized the danger. but even
more so from the mounting records
Of bank failures themselves is here
clearly shown to have constituted
one of the greatest single economic
errors in the history of the nation"
Mr. Fleming points out that all
though the drastic elimination of
thousands of banks has largely cor
1ected the old situation. this is not
a, guaranty against repetition of
the error"
Strive to Protect Bank Structure
He refers TO fears of a recurrence
of overbanking recently expressed
by Federal banking authorities, TO
the powers given the Federal De-
post Insurance Corp. by the pro-
vision of the Banking Act of 1888
over the admission of banks to
membership in the insurance fund.
to strengthened state laws and to
the policies now being followed by
both national and state supervisory
authorities aimed to safeguard the
nation against a return of over
banking
But sound laws and conscientious
officials are not of themselves al
ways sufficient safeguard in any field
of our complex national life unless
they have the active support of pub
lie opinion" he said 1T is the
purpose of the American Bankers
Association to aid in marshaling
public opinion in support of both
national and state supervisory au-
thorities in their efforts to strength
en- and protect the banking Struc-
ture."
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
FRUITS AND VEGETABLES

tBv United Press
CHICAGO Dec. 3.-Apples-Michigan
Mcintosh, busheI sldl.25 Carrots-nli-
nois, bushel. 25630c sweet potatoes
Tennessee. bushel. s56 e0c Beans-Flor-
ida, bushel. s5.506625. Cabbsge-Sacks
per, .cwt 75c6s12 Peas-Calfornia
hushel hamper. s2.25dS.50 Spinach
Texas, bushel. 75cmSl. Lettuce-Western
crate, doz. s225I2s5. Cucumbers-
hushel, s2.75mS.50. Celery-Michigsn
square crate. csc nS1 Caulihower-Csli-
tornis, crate. sl6061.S5. Tomatoes
Florida. lug. s262.75 Onion market t5G
ID sacksl: Western Valencias. 81 Illinois
-YelowS, csc. Michigsn-Yelows. zoe
Unclsssihed S0GS5c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23

issue.
One wonders
If the people
OF the United
States wish the
government 20
become an un-
derwriter of the
bonds OF a pri-
vately owned
railroad as a
part of its
recovery plans.
Plainly there is
no emergency
or recovery is
sue here.
The Gre a t
N or h ern is
ClOlIntleSS one nj
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
NEW YORK Dec 23-The ca,
BUSINESS CENSUS TO
BE STARTED ON JAN. 2
675 white Collar" Relief Workers
to Be Employed.

Work of taking business and
manufacturing census of Indiana is
to be started Jan. by a staff of 675
white collar" relief workers, to be
directed by John L. Lennon, super
visor, Bureau of the Census, Wash
ington.
Ninety-one persons, Is enumer-
ators and 10 office workers, are to
be employed in Marion County, I'M
der the supervision of James Tandy
and Jud Mccarthy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
Trends
Underwriting r all
Bonds by u. S.
Criticized.
by JOHN 4. FLYNN

NEW YORK. Dec. 23.-Once
IN again the RFC steps into the
breach to lend money to a rail-
road. This time it is 10000, 900
for the Great Northern in an I'M
derwriting operation. The object
IS to enable the railroad TO save
] per cent interest on q refunding
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
VOTES ON DIVIDEND

tms spCctdf
CHICAGO. Dec. 23.-Directors Of
Supervised Shares, Inc, have de-
clared a quarterly distribution OF
1.6 per cent a share payable Jan.
Is 1886, to stockholders of record
Dec. 81. A distribution of IA cents
a share was made in the same
period year ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
CAPITALIZATION is SET
Grocery Store Products Co. to Offer
Stocks and Bonds.

CHICAGO, Dec. 23-Capitaliza-
ton of Grocery Store Products Co.,
successor to Grocery Store Prod
ucts, Inc, is to consist of s1,224,350
of collateral lien per cent bonds
cue June l, l945. and l26,300 shares
OF Decent par value common stock,
it was revealed today.
The pro forma balance sheet.
which is based on an independent
audit Of Grocery Store Products,
Inc, the predecessor company. and
subsidiaries as at July 81, 1885, re-
veals current assets of s9a0,077. in
GLIDING cash Of 1927 1923. Current liza :
bilities are shown as s263, $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
HUGE RESERVES
SEEN THREAT TO
U. S. STABILITY
Deposits in Chase National
Top Billion, Fortune
Article Reveals.
Times Special

tWes SDfcfnI
NEW YORK, Dec. $50 much
money has been piled into American
banks during the depression-money
which is difficult to invest in pro-
ductive activity-that our gargan-
tuan bank reserves may not only re-
tsrd business recovery, but may even
ieopardize the future economic
stability of the nation, Fortune
magazine asserts in an article On
the Chase National Bank in its
January issue. This single bank has
more than one billion dollars in
deposits.
After six years of depression the
banks are bullying with idle re-
| sources. These idle resources keep
| piling up in the form of excess re-
serves, which now amount to more
than $4,000 100000 And mere is
exactly what the term excess re-
/ serves mean" the magazine ex-
/ plains.
/ The Federal Reserve System
comprises II Federal Reserve banks
| and thousands of member banks
national and state commercial
banks, and trust companies.
Deposits Above Requirements.
Fer safety's sake each member
bank must keep in it's districts Fed
eral Reserve Bank deposit of at
least one-tenth of the member
banks own deposits. Actually, the
member banks keep more than a
tenth on deposit and especially so
in a period of slack business when
! bank resources are relatively idle"
/ Member banks can issue bank
credit up to 10 times the amount of
! the reserves in Federal Reserve
Banks, This means that theoreti-
cally some 80 billion dollars of addi-
tional credit could be issued against
the current excess.
1T is difficult to overeStimate the
ugliness of this figure of $4,000 000,-
900 excess reserves in the eyes Of
many intelligent bankers, the shud-
der with which they consider that
against this figure it is possible to
extend at least 80 billion dollars Of
additional bank credit.
Credit Ratio Beyond 10 to 1
'The whole raucous boom of the
late twenties blasted along on a to-
tai commercial bank credit of only
IA billion dollars based on re-
serve increase of only 5000 600, 900,
Although the ratio of possible credit
is generally assumed to be 10 of
credit to one of reserves, it actual
ly can run far beyond 10 to one and
did so between 1922 and 1929.
Business has never given any
sign of being able to use such a
! great increase in the volume of
credit now possible, or anything
even approaching it, for the gen.
eral good. Economic experience in
variably teaches that bank credit
expands safely only when it ex-
pands in proportion to the volume
of business"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
NEW HIGH is REACHED
Time s Special

SAN FRANCISCO, Dec. %
Registering the largest comparative
gain In its history, the Bank OF
America index OF far Western bust
ness for November, standing at 70
reached the highest level since Sep
TENDER, 1881. it was announced to-
day.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
DIVIDEND is DECLARED
Times Spccinl

IHTFN NVECTWE
CHICAGO, Dec. 23.-Trustees OF
the Massachusetts, Investors Trust
have declared quarterly distribu-
ton of u cents share, payable
Jan. 20 to stockholders of record
Dec. 81. This payment represents
an increase of IS per cent over the
distribution for the previous quar-
ter
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-12-23
BOND MATURITIES SPURT
i'm es Special

NEW YORK, Dec. 23.-Corporate
bond maturities during January are
expected to total s1l2,123,100. the
Standard Statistic Co. announced
today. December maturities totaled
500 1893, 300 and the 80 issues and
portions of issues falling due in
February will total s94. 1876 ,O7O.