davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
(By United Press

CHICAGO, May legs Market
24Hc; fresh graded frsts, 24c; current re-
ceipts, 23c; dirties. 22c; checks, 21c Butter
Market. steady; receipts, 11,444 tubs;
extra firsts (90-91l7 score), 2494d25hc;
extras l92 score), 2524c.; firsts. (sS-s9ia
score, 24q24lac; seconds l8s-s7l5 seerel =
Poultry-Market. steady to weak receipts
As trucks, l car; hens; 1s15c; colored fry
l7H2c; geese. &c; turkeys. 4Gl7c; Leg
horn hens. 19c; spring chickens. 24@25c;
colored broilers. zoe; Leghorn broilers; l712
619I2c.. Cheese - Twins - 144d14l2c;
Cheese-Twins, 14A d1412c; daisies. 1879 a
15c; longhorns 1494@l5c. Potatoes-Old
stock: supply liberal demand and trading
slow, market dull and slightly weaker
Wisconsin Round Whites, GOA Csc Idaho
Russell. s1.37la @1.5o; New stock; Supply
liberal, demand and grading. slow; mar
Triumphs, s15oa1 sd. Alabama Bliss
Triumphs, $1.60dl.65; United States No.
2, Sl25 Arrivals SO, on track 3ll, ship
ments Bis
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16

now possess as investments APP
proximately go per cent Of the en-
tire national debt To that extent
the government is utilizing and
spending the deposits Of the Ameri-
can people Of which the banks are
trustees.
Il Under the virtual domination
~ and contemplated control by
the government of banks of the
Federal Reserve System. the last
undefiled stronghold Of the public
financial structure. the bank
credits Of the nation, as repre-
sented BY deposits. may conceiv-
ably become subject to government
appropriation. Subscribing to gov
eminent loans is virtually an
equivalent operation, viz, a govern
ment Appropriation of the peoples
deposits. Control involves response
bility for either good or bad re-
suits"
And why should not the govern
ment utilize and spend the deposits
Of the American people so long as
the owners of the deposits are
willing2 It is true. of course, that
most depOSitors are not particular
~ concerned with what the banks
do with their funds, and they prob
ably do not realize the extent of
government borrowings from the
banks. but these depositOrs have
confidence in the judgment of the
bankers and probably would ap-
prove fully of their actions. They
hold the bankers accountable, and
they realize that their deposits are
insured for the most part.
4 NY implication that the gov
IA eminent is Communicating
the funds of depositors or bankers
is misleading. The banks make the
loans because they know of no
safer place TO put the money in
trusted to them. They buy gov
eminent securities, in fact, despite
the very low rate of interest they
afford. The depositor is not the
one who will be imposed upon if
the government bOrrows to much
and spends the money unwisely.
The fellow who will pay the price
is the taxpayer. unless, of course,
We resort to currency initiation, in
which event every one will pay.
And. one might also ask, what of
it if the government secures con-
troll OF the Federal Reserve banks?
The control itself would not be
harmful. The rub would come if
the government were not careful
to place honest and efficient men
in charge of its operations. And it
is possible that the political in
fluence, which might be expected
under government control, might
not be more vicious than the de-
sire for profits. which would mo-
tivate many of the acts of bankers
If they we're in control.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
Produce Market

Delivered in indianapolis prices: Heavy
breed hens, 16c; Leghorn hens, lac;
ers. 3 lbs. and up full feathered. 18c; Leg
horn broilers, 2 lbs: and up full feathered,
Ice; bareback broilers, .1Sc; cocks and
&c; geese, full feathered and fat, &C.. All
classes of gulneas. 15c; No. strictly fresh
country run eggs, loss of lsc..,. Each full
Butter-No /, 29630c; butterfat. 24c.
Quoted by the Wadley Co. o.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
Women Investors Unite

In Albany ~ Y. an application has been fled for
charter for Women Investors in America, Inc" The
group, national organization Of Comen investors,
would ifv and lcork for the benefit Of such
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
BONUS VIEWED
FRESH THREAT
TO ORTHODOXY
Measure Should Be Brand
ed as Class Legislation,
Author Says.

By Times Special
NEW YORK, May 16.-This week
finds the United States at a political
and economic crossroads, with the
inflationary Patman bonus bill con-
fronting President Roosevelt, ac-
cording to Herbert Greenspan, au-
thor of Recovery Ahead President
Roosevelt should veto and brand the
50 O00,0 100000 bonus bill as harmful
class legislation, he stated today.
Many unSound structures have
been eliminated during the last five
years of economic readjustments,
said Mr.. GreenSpan.
eve have slowly, at great expense
and privation, brought ourselves to
a point at the crossroads on the way
to recovery. Business initiative is
beginning to revive. An urge for a
change is becoming evident. The
capital markets show important
signs of reviving. An orthodox re-
covery is in the making. Can we
afford to be swerved from this road
to the one which embraces active
imitation and eventual chaoS?"
Initiation Major Obstacle
president Roosevelt can now rout
the scarecrow of imitation which at
present stands as the major OBJ
struction to a sound revival of con-
f1dence and business, in Mr.. Green
spans opinion.
with the initiation fog will come, ~
continued Mr.. Greenspan, "a sud-
den general realization of the read
justments still to be hurdled before
we can reach the open road to re-
covery. The necessity for lower
rather than higher prices, for in
creased rather than decreased pro-
duction, will at first bewilder and
then temporarily tend to stalemate
business. Inventories that had been
built up on code prices will have to
be scaled down. New price policies
will have to be evolved. The posi-
ton of world currencies will be pro-
foundry affected"
Pared Profits Seen
"Coincidentally Will come a pairing
of profit margins which will find re-
Election in lower prices for equities
The extraordinary plethora of funds
is both the banking and business
confirmation that the confidence sc
necessary for credit expansion doe;
not yet exist. Truly cheap money is
fundamental factor which may
help cushion this final readjustment
phase, but it is hardly likely to pre-
vent it.
Significantly enough, the stock
market also is currently poised al
the crossroads. Beneath it's super
fetal strength can be detected i'm
portant symptoms which point to a
downward readjustment to confirm
the direction dictated by the i'm
mediately prospective unfavorable
economic background.
1--WE will be we'll along in the
summer months before business has
regained sufficient poise and equilib-
rum to provide the necessary
groundwork for major sustained
advancing phase in equity prices
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
by James E. Bennettl .
LOCAL CASH MARKET

CITY grain elevators are paving 80 cents
for No. soft red wheat. Other grades
on their merits. Cash corn No. 2 yellow
S0iz and oats sec.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16

TREASURY STATEMENT
(By United Press
WASHINGTON. May 16.-Government
expenses and receipts for the current
fiscal year 70 May a. compared with the
corresponding period of the previous year:
This Year Last Year.
Expenses s624s 270. AS so 1871 .0l6 sol 81
Receipts 1924 440, $50 IS 1884. 934. SIS. 81
Deficit 3.013 500. 1924 3496. OBJ 936 so
Cash Bal l.635. GAG. 1858 2134, 1853 1893. 90
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
Money and Exchange
INDIANAPOLIS STATEMENT
TREASURY STATEMENT

Clearings -..-..-----..--......S 81. ~. 000 o
DEBTS -....--...H.- ..ss--- n oSS,uUO.O
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16

now possess as investments APP
proximately 90 per cent Of the en-
tire national debt To that extent
the government is utilizing and
spending the deposits Of the Ameri-
can people OF which the banks are
trustees.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-05-16
U. S. GOVERNMENT BONDS
Libertys
Home Owners Loan Corr

Federal Farm Mortgage Corp.
Imperial Valley press., 1935-08-31
Henry A. CIeWeH
Called By Death
At Santa Barbara

Henry A. Clewell, traffic manager
for the Imperial Valley Hardware
company, and we'll known in valley
Masonic circles, died early this
morning at the Santa Barbara hos
pital, Santa Barbara, according to
information received by his en-
ployerS.
Clewell was taken sick last month
and spent a month at the Santa
Barbara hospital for treatment, re-
turning here August l and resumed
his duties with the hardware COM
pany, working until Monday of this
week when his condition made it
impossible for him to continue.
He had made arrangements for
further treatment at the hospital
and was placed aboard a train by
fellow employees Thursday night
He arrived at the hospital yester-
day morning and was unable to
rally, the end coming at 3 O'Clock
this morning.
He was born in Pennsylvania
November 9. 1897 and came to Yu-
ma, Arizona in 1917, with the rec
lamation service. Later he was
employed by the Imperial Irrigation
District as purchasing agent at
Andrade, leaving that position to
enter the employ of the hardware
company in December, 1925.
For the past three years he was
secretary of Oasis lodge, No. 664
F. and A. M. and was active in
Masonic circles.
He is survived by a brother, F.
E. Clewell, of Yuma, his mother
and a sister, Florence R. Clewell
residing in Nazareth, Pennsylvania
His brother arrived here this
morning enroute from Yuma tc
Santa Barbara to make funeral ar
rangements and expressed the be-
lief the body would be shipped to
Pennsylvania for burial.
Imperial Valley press., 1935-08-31
GOVERNOR Of
SONORA To Be
|NAUGURATED

NOGALES, Ariz., Aug. 81. U,P)-
Three hundred residents of the
Twin Cities of Nogales, Ariz., and
Nogales, Sonora, Mex, left here on
a special tain today to attend the
inauguration at Hermosillo of Gov.
Ramon Ramos of Sonora.
Ramos, unpopular with large
portion of the Sonora populace, will
be inducted formally into office at
one minute past midnight. A grand
ball will follow the inauguration.
Because of the possibility of riots,
several companies of federal troops
have been concentrated at Hermo-
sillo, it was reported here.
Ramos was elected five months
ago. His political opponents charg-
ed he was not legally elected, and
petitioned President Lazaro Carde-
mas to declare a new election, A
few days ago, however, President
Cardenas held Ramos election was
valid, and ordered his Inauguration.
The governor ELECT succeeds Rod
olfo Gales, son of the former Iron
Man" of Mexico. Gales left his post
some time ago to become minister
of communications in Cardenas'
cabinet. but did not resign as gov
ernor. During his absence, Emili-
ano Corella has been acting gover-
nor.
Imperial Valley press., 1935-08-31
Davis May Face
Abduction Charge

Charges of abduction may be
filed against Bert j. Bishop, 38,
known also as Jimmy Davis who
was returned here from Salt Lake
City yesterday afternoon by Sheriff
r. w. Ware, and T. NJ. Sharp, chief
criminal deputy. Bishop and C. j.
Clifton, arrested with him, were
booked at the county Jail for in
vestigation in connection with the
Turing of his 15-year-old sister-in-
law to San Francisco three wed;s
ago.
The girl was later found in Pitts
burg, California. ari brought back
by the local authorities as a wit
ness in the action which might be
brought against the two men.
Bishop is said to have confessed
to Sharp that he lured the girl
away from her home here to San
Francisco " sending kilograms
signed in her sisters name to get
even with his wife who has been
separated from him for some time
past. In his statement he exoner-
ated Clifton of any completely in
the matter
The matter is now closed as far
as the local sheriff's office is con-
cerned it was stated at the jail this
morning and further action will be
taken by the district attorneys
office.
Imperial Valley press., 1935-08-31
COMPANY SEEKING ETHIOPIAN OIL
CONCESSION RECENTLY ORGANIZED

names of the real principals were
not revealed and at the offices of
the United States corporation it
was said they would be kept secret
for the present.
A spokesman for the United
States corporation told the United
Press that any information on the
African company would have to
come from the principals them
selves and that the principals were
not yet ready to divulge it.
Arthur w. Britton, one of the in
corporators, is vice-president and
secretary of the United States cor
poration.
NEW YORK, Aug. 81. U,P)-W.
S. Parish. chairman of the board of
Standard Oil company of New Jer-
sey, said today his company had no
knowledge of any negotiations in
connection with an oil concession
in Ethiopia.
$50 far as our having any inter-
est in the matter is concerned" :"
Parish said, 'it has never been con-
sidered or talked of"
Imperial Valley press., 1935-08-31
INTENDED To
KEEP NATION
OUT Of WAR
Embargo On Arms And Other
Restrictions Are Designed To
Prevent Complications
WILL EXPIRE NEXT MARCH
Congress Is Expected To Take
Further Action If Necessary
After Session Opens

WASHINGTON, Aug. 81. U.p -
President Roosevelt today signed
THE new neutrality legislation, de-
elaring "it was intended as an ex-.
preston of the fixed desire of the
government and the people of the
United States to avoid any action
which might involve us in war"
The legislation, requiring an alb
solute embargo on munitions ship
ments to nations formally at war,
became law as the Ethiopian con-
troversy was complicated by grant,
ing of a huge oil concession by
Emperor Halle Selassie to Anglo
American interests.
THE policy of the government is
definitely committed to the main
tenance of peace and the avoid
ance of any entanglements which
would lead us into conflict" Mr.
Roosevelt said.
He felt, however, that the man
datory embargo feature, which is
effective until March l, 1886,
might drag us into war instead of
keeping us out" in certain situa-
tions.
The President approved the legis-
lation, despite this objection, in
view of the termination of the
mandatory feature at that time. He
said the entire subject merits fur
ther study looking toward more
far-reaching action by congress la
ter.
The Presidents statement fol-
lows:
81 have given my approval to SEN
ate joint resolution 173-the neu-
trality legislation which passed the
congress last week.
st have approved this joint re-
solution because it was intended as
an expression of the fixed desire of
the government and the people OF
the United States to avoid any ac-
tion which might involve us in war
The purpose is wholly excellent,
and this joint resolution will to a
considerable degree serve that end.
Provides License System
ut provides for a licensing SyS-
tenn for the control of carrying
arms, ETC., by American vessels, for
the control of the use of American
waters by foreign submarines, for
the restriction of travel by Amer
ican citizens on vessels of belliger-
ent nations and for the embargo of
the export of arms, etc, to both
belligerent nations.
THE latter section terminates at
the end of February. 1886. This sec
tions requires further and more
complete consideration between
now and that date. Here again the
objective is wholly good. 1t is the
policy of this government to avoid
being drawn into wars between
Continued on page g.
Imperial Valley press., 1935-08-31
NEUNAN WINS
PLANE RACE
Takes First Contest In Annual
Speed Trials Being Held AT
Cleveland, Ohio
MUNICIPAL AIRPORT. CLEVE-

MUNICIPAL AIRPORT, CLEVE-
LAND, Aug. 81. U,R)-Harold Neu-
man, of Moline, Ill, flying one of
Benny Howard's speedy little rae
ing planes, shot around the pylons
at more than 200 miles an hour
today to take the first feature
event of the 1885 national air
races.
Neuman received the winners
share of the $500 Louis w. Greve
trophy race, sponsored by the pres
ident of the air races. 1t was the
first of three such events.
R. A. Ling, of Moline, Ill, flying
a modified Keith-Rider plane with
retractable landing gear, took sec
ond money, finishing a few hun
dred yards behind Neuman.
Art Chester, of Glenview, Ill,
flying a Chester special, was third.
David Elmdorf, of Palms, Calf,
was fourth.
Neuman flies Benny Howard's S
planes in the closed course races.
Howard, winner of yesterdays
gruelling Bendix by margin Of
231a seconds over Col. Roscoe
Turner, is a transport pilot for an
airplane company which will not
permit him to fly in the dangerous
pylon events.
Neumans official speed for the
5O-mile race was 212716 miles an
hour. His elapsed time was IA
minutes 81 seconds. Ling's aver
age speed was 21O.126; Chester's
199 .078.
Two other starters were forced
out of the race. Marion McKeen
of Los Angeles, flying Brown
racer, was leading the race by sew
eral hundred yards when he was
forced out at the end of 20 miles
by motor trouble. The other
starter was Lee Miles, of Tulsa,
flying a Miles and Atwood special,
Miles won the Greve trophy last
year, piling up the most points in
the three Greve events.
Imperial Valley press., 1935-08-31
WILL RESUME.
BUILDING OF
PARKER DAM

WASHINGTON, Aug. 81. UP -
Harold L. Ickes, secretary of in
terror. acting Immediately after
President Roosevelt had signed the
rivers and harbors bill, today au-
thorized resumption of work on
Parker dam between Arizona and
California.
The U. S. supreme court tied up
the large Colorado river project
when the tribunal ruled congress
sional approval was necessary for
its completion.
The authority was contained in
the rivers and harbors measure
which Mr.. Roosevelt signed before
leaving for Hyde Park, N. Y.
Ickes then issued his order pro-
viding for resumption of work.
The rivers and harbors bill also
authorized construction of Grand
Coullee dam across the Columbia
river in the Pacific northwest.
Imperial Valley press., 1935-08-31
Police Break Up
Chicago Protest

CHICAGO, Aug. 81. W,R)-More
than 100 men and women were ar
rested in the heart of the Negro
district on Chicago's south side to-
day when police broke up a pro-
test parade against Italy's threat
ened invasion of Ethiopia.
Squads of police, instructed to
break up the parade after Police
Commissioner James P. Altman re-
fused to issue a permit to the Joint
Conference for Defense of Ethio-
pia, sent IL patrol wagons loaded
with prisoners to police station.
Clubs were swung on angry DEM
onstrators in the crowd at 47th
street and Prairie avenue.
Many of those arrested were
white persons. including young
girls who shouted curses at the po-
lice.
Imperial Valley press., 1935-08-31
WOMAN HELD
As SUSPECT
IN SHOOTING
Denies Police Accusations But
Tell-TaIe Clues Indicate She
Shot Liquor Salesman

LOS ANGELES, Aug. 81. U.P) -
Her stylish red-jacketed dress
crumpled and soiled, Lorraine Dor
ain, 27-year- old dress designer, was
arrested today covering in a dog
house In the rear of the home Of
Joseph Walsh, 80, whom she was
suspected of shooting.
Mounting guard over her was a
fierce police dog.
Walsh, a liquor salesman, was
shot and perhaps fatally injured
last night as he sat at dinner with
gay mixed party in the exclusive
Wiltshire district home of George
H. Ennis, mining man and social
figure.
Other guests were Frances Beat
tie, Mrs. M. H. Shorthand, Dorothy
Bell, and F.. w. Phillips.
Suddenly the door flew open, En-
mis- told police, and fashionably
dressed young woman entered, ex-
claiming: "This is fine how do
you do"
She drew a revolver from her
red Jacket and, aiming directly at
Walsh, fired six quick shots. One
of the bullets penetrated his chest
Guests of the party at first at
tempted to bar police from the
apartment but later gave them the
name of Miss Dorain.
Police went to Walsh's home
where they found her doubled ur
| in the doghouse, with the dog or
guard outside.
She denied she had shot Walsh
| but declared she and the liquor
| salesman had been secretly married
in Yuma, Ariz., five months ago.
Car Gives Her Away
"I went to a show yesterday af-
! ternoon and had dinner appoint
ment with him but he didn't show
up" she told officers. 81 then wen:
| to his home and remained there all
night"
Detectives said, however, the ra-
diator of her automobile was warm
indicating she had not been in the
apartment all night. They also
claimed all the guests identified
her as the one who shot Walsh.
Miss Dorain's step-father, Ernest
McCollum, told police his .38 cali
bre revolver had disappeared.
Searching the Walsh premises
Detectives reported they found q
note written on the flyleaf of the
church ritual book, "Key to Hea-
ven," it read:
"All my personal belongings
leave to my mother, Mrs. McCol-
lum. Car and money at home -
look. Forgive. Lorraine"
Investigators said they believed
! Miss Dorain had penned the note
intending to commit suicide after
shooting Walsh. She admitted she
had written it. detectives said, but
maintained it had been written sew
eral weeks ago, while she was in
toxicated.
She was held on suspicion of as
sault with deadly weapon.
Imperial Valley press., 1935-08-31

DOVER, Del, Aug. 81. W,P) =
The African Exploration and Dew
elopment company was incorporat-
ed here July II, 1885 by the United
States Corporation and Trust Com
pany of New York and Dover.
The company was incorporated
with 5000 shares of stock at SlOO
par value for the purpose of "eX-
ploration and development of ma
tural resources, to bore and drill for
petroleum products, to seek out
precious stones, gold, silver and
asphalt"
Incorporators of the company
were Arthur w. Britton, Edward S.
Williams. Vincent w. Westrup, all
of New York. The company's head
quarters were listed at $50 Broad
way, New York City.
NEW YORK, Aug. 81. W.P)-In-
corporators of the African Explor-
alton and Development company
are members of the United States
corporation which assists attorneys
in formation of corporations. The