davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-09-17
BIBLE THOUGHT
MEASURED BURDENS
"As thy days, so shall thy strength be-
Deut. 80 PSI

No man ever sank under the burden OF the day
II IS when tomorrow's burden is added to the bur-
den of today that the weight is more than man
can bear. Never load yourselves so. If you hnd
Yourself so loaded lat least remember this; 1T IS
YOUR doing. not Gods. He begs you to leave the
future to Him, and mind the Present.-George
Macdonald. ... . ..-
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-09-17

to the world. His
name was Coli
ath. A youngster
named David ac-
copied the chal-
lenge and bounc-
ed a death deal
ing rock off Go
lith'S bean.
If G 0 | i a t h
Mussolini doesn't
look out, some
little David will
put him to sleep.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-09-17

COMET is much lighter than air and Tie only particles mas
are inniesiIna il is hc1& IN lST ta as
"headless" comet aa .3:.Y which Lave " ~
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-09-17

First Name of Flint, Mich.
The first name of Flint, Mich,
was Mus ca-ta-wa-ingh," meaning
"Open Plain Burnt Over"
The Indianapolis times., 1935-11-09
SATURDAY, NOVEMBER 9, 1885
ALL-TIME HIGH
FOR MONETARY
HOLDINGS SET
Gold and Silver Imports
Help to Swell Totals
in October.
BIZ United Press

By Cntted Press
WASHINGTON, Nov. 9.-The
country's monetary stocks reached
another all-time record high of
s15,911,30O ,067 in october as re-
suit of huge gold and silver imports,
the Treasury announced today.
Monetary stocks at the end OF
October compared with S15,489, ,560,-
373 at the end of September and
with S3,797, 1926 ,099 on June 80, 1914,
shortly before the outbreak of the
World War.
Included in the S15,911 ,300,067
money resources at the end of Oc-
tober was s9,693, ,267, ,867 in gold.
More than a billion dollars was in
the form of silver and the remand
er paper currency and minor coins.
S5,713, ,192,767 in Hands of Public
Only s5,713,192,767 of the stocks
was in the hands of the public at
the end of October. The remainder
being held either in banks or in the
Federal Treasury.
Money in circulation at the end of
October amounted to S44,84 per
capita compared with circulation OF
S5 ,683, ,128, ,967 or $4462 per capita at
the end of September
During October the. Treasury Or
dered a further rapid expansion OF
the amount of silver money in cir
culation in response to the govern
ments heavy silver purchases
against which currency is immedi-
ately issued.
Imports Total S5S,S71,22S for Week
Total silver money in the hands
of the public reached an all-tinla
nigh of S1,143 ,679 ,O22, compared with
81 s1,O92,611,145 at the end of Sep
tember.
Imports of gold into the United
States totaled S59,871, ,228 for the
week ending Nov. l, the Commerce
Department announced, as COM
pared with $35,374,808 for the pre-
ceding week. Exports remained at
the zero figure.
Imports of silver for the same
week totaled SIT 7,423, ,461 as compared
with $3943,413 Exports of silver
totaled $54,6O1 compared with S76,-
018.
More than half of the gold s30-
OIL ,666, came from the United King
dom. Second largest exporter to the
United States was France with $18,-
929 ,421.
Canada exported $4,694,606 and
was the third largest exporter.
The United Kingdom also led in
silver exports with S14,751 ,282 with
Mexico second with $2,104,171.
The Indianapolis times., 1935-11-09
On Commission ROlU

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers;
Fruit-Cranberries, early blacks, 25-lb
box; $500; PearS-Michigan Bartletts.
CantaIoupe@ California Honey DeWs' s. So
Casabas $225; Persians, $3.50. Bananas
- hands, a pound. Sac. Grapes-Michi-
gan, 12-qt basket, 35c. Persimmons-In-
diana, l2-pt.. case, 81. Apples-Indiana
81; Delicious, $1.25Q15o Wealthys, 81
Grimes Golden Sl.l5. Lemons-Sunkist,
360s. $3.50. Grapefruit Texas, Gas to 70s,
$3.50 Limes-Mexican a carton l2s Zoe
Persian seedless hundred, SO
Vegetabes-Beans, green, round string.
less bu. $3.50 Beets-Home grown. doz
2Oc Cabbage-New York. 50-lb bag
55G Gar CarrOtsMH9me grown and Ohio, S5c
York crate. 81 so; Long Island, large crate,
81 IS Celery-Mchigan. washed end
trimmed, extra large. S5c; jumbo, doz,,
45c CucumberS-Hothouse 2 doz. box,
S255 Kale0H9me sroTn bu SOC Lettuce
grown leaf. l5-lb basket. Sl10. Endive-
Ohio, basket. 45c. Mangoes-California
grown, crate, sS25 small basket 40c. Mint
--Doz.. SOC Mustard-Home grown bu,
soc Onons-Indiana yellow 50-lo. bag.
Soc Indiana white 50-lb bag, ST. western
grown, dcz... 35c. Peas-Telephone, ham
pers, So. Potatoes-Round Cobblers. 100
ID bag, 81 So Michigan Round White. 100
10 bag, Sl.30. Early Ohios bu.. s1.45;
Idaho Russets S2l0. Sweet potatoes-In-
dana, JERSEYS bus, $3.50 Radishes-ohio,
4Sc. Spinach-New Zealand bu, Csc
Squash-Bu., sI159l25. Turnips-New
bu 90c bunch doz. Csc Tomatoes
California, repacked 10-lb. carton. Sl.15.
The Indianapolis times., 1935-11-09

NuyS ~, 1nQD, reported mere TO-DAY.
The Senator, back from a tour
of the states county seats, said the
changes wrought since he stumped
Indiana in 1882 are almost unbe-
lievable.
In 80, he said, the farmers were
dead broke, their farms mortgaged
to the hilt, and houses and barns
unpainted and in disrepair.
To-day he asserted, their debt
burden has been lifted, prices for
their products have been restored
to parity and the adjustment checks
have given them some ready cash.
They have painted up their
places, bought new autos and farm
machinery, and the indigo has faded
from their viewpoint. Although
most of them have been lifelong
Republicans they are praising the
President and daring any politician
to try and take away the AAA."
Good times likewise have returned
to northern Indiana's industrial
areas, he reported. Blast furnaces
are blazing again at Gary and
throughout the Calumet region.
South Bend, badly hit by the de-
preston, is thriving. Ft. Wayne is
humming with business activity.
"Hoosiers aren't falling for the
propaganda that recovery would
have returned faster without what
this Administration has DONE" the
Senator declared.
when I stopped at Gary hotel,
Is union labor heads marched over
to express their thanks for the labor
legislation that was passed
Labor and the farmers are not
being fooled by the opposition's tall
talk"
Indiana Republicans will likely
support Frank Knox for the presi-
Dental nomination, he predicted.
The Indianapolis times., 1935-11-09
HOG PRICES UP
10 TO IS CENTS
Cattle, VeaIs Scarce and
Steady; Lambs Hold
Stationary.

With an extremely light supply
on hand at the indianapolis Union
Stockyards today. the pork market
again moved around 10 to Is cents
higher than yesterdays best aver
age. The major increase was reg
istered in the lightweight division.
Initial trading developed slow in
face of fairly light demand pre-
vailing in practically all classes. Re
ceipts were estimated at 1000, the
lightest supply for the week. Hold
overs numbered rs.
The regular bulk of 16O to $50
pounds was salable from 1855 to
$3.50. The top price moved up to
S965. Heavy butcher classes, weigh
ing $50 to $50 pounds, cashed in at
S925 to $3.50. Light slaughter pigs,
from 100 to 100 pounds, brought
$685. to $9.35. Packing sows sold
mostly from So to $875, with a few
holding at SO.
Trading in the cattle market was
scarce and unchanged compared
with a week ago. Top steers held at
$3.50. Few loads ranged from
SLIPS to S12.25. Plain killers
brought $3.50 to S8.75, while heifers
sold at SO to $1O75. Receipts were
100 Vealers also were scarce and
unchanged. selling at $11 down. Re-
ceipts numbered 100
Compared with a week ago lambs
were largely 25 to so cents higher.
The bulk of good and choice eve
and Wether grades for the week held
at S8.75 to $40. Fed western year.
ling classes sold at S775 to 1925.
while slaughter sheep sold at So TO
$5. Receipts were 200.
The Indianapolis times., 1935-11-09
RETAIL VOLUME SETS
HIGHS FOR OCTOBER
Increases Establish New Records in
Several Cases.
Times Special


CHICAGO, Nov 9.-October re-
tail volume reports show new highs
for the month and in some cases
new highs for any month of record
The j. c. Penny Co. with sales of
$24,032,742 showed percentage
gain of 13.1 and established new
record for the month WoolwortA
with sales of S23, ,383, ,131 gained with
a percentage increase of 3 and had
the largest october sales in four
years
Spiegel, May, Stern Co. with sales
Of S4,4l8,o80, a gain of 23.6 per cent
had the largest volume in any
month in the history of the COM
pany, as did Montgomery Ward.
Other increases were shown bv G.
c. Murphy Co. with a gain of 154
per cent and S. H. Kress & Co. with
a gain of 34 per cent.
The Indianapolis times., 1935-11-09
Produce Markets

The prices quoted below are paid for
stock gathered in the country. while de-
livered in indianapolis the price will be
cent higher: Heavy breed hens, lie;
Leghorn breed hens. l2c; springers, over
Az lbs. lie: under 4ia lbs, 16c: old
cocks, &c; Leghorn broilers Ia lbs and
up, lac; Legnorn springers, 12c; ducks,
white, lbs. and up, &c; geese. full feath-
cred and fat, 4c; old guineas. 15c; Young
fresh eggs. loss of 25c; pullet eggs. lsc
Each fun case must weigh SIS lbs. gross
a deduction Of l0c pound under 55 lbs
will be made. Butter. No. l. 3217 q 33i7c
No. 2, 30l2 2d3ii2c; butterfat 2sc. Quoted
(By United Press
CHICAGO Nov. s-Eggs-Market. un-
settled: receipts, 24l0 cases; fresh graded
frsts, 3od 3Oi2c:: extra frsts. 3llac; cur
rent receipts, asa 28i2 &c; dirities, 2oG 22c;
checks, 19M2olac. Butter-Market. firm;
scoreI. 29I4 a 29iac: extras (92 scorel 30c:
frsts $780, scorei. 28i7d29c: seconds
(S6-s712 scorel. 2ac: specials. 30iz sic:
standards, 30c Poultry-Market easy: re-
ceipts 10 -rucks; ducks. 15i7 "a l8c; geese
l5I2c: spring chickens, 15d l9c; hens l4G
l9c: turkeys 16G22lzc; Leghorn chickens
l5M15izc old roosters, l5c: black chickens
140l5c Cheese-Twins. 16d l6i4c; Daisies.
1872 n l634c; Longhorns. 16i7Gi7c. Pota-
toes-Supply moderate; demand slow: mar
ket weaker. Idaho Russet Burhanks. 81. 30
az: U. s. No. 2. so. Wisconsin Round
Whites, s1o56125. Minnesota and North
Dakota Cobblers. sf25; Red River Ohios
s125. Colorado McClures. s1.7od1 80. Ne
braska E.iss Triurphs sl.40di.60 Ar
rivals rs. on truck 23oa shipments 7se.
The Indianapolis times., 1935-11-09
BANKS APPLY CHARGES
95 Per Cent of Clearing Houses
Make Accounts Pay Way.
7 lines Special


NEW YORK, Nov. 9.-Applying of
service charges against Improbable
bank accounts has gained great
headway during 1884 and 1885. it is
evidenced in survey made public
recently by the Bank Manage
ment Commission of the American
Bankers Association.
The commissions survey dealt
with reports from 587 clearing house
associations which indicate that in
Is per centsof the cases service
charges are in effect under clearing
house rules, and that in another 20
per cent the individual members of
the clearing house associations have
their own set of service charges.
The Indianapolis times., 1935-11-09
BuSigrabhs

There has been a marked in
crease in new residential building
during the last months.
In the first nine months of this
year the value of residential build
ing increased 81 per cent over the
same 1884 months, while the
number of residences built in
creased about 20 per cent.
The Indianapolis times., 1935-11-09
FRUITS AND VEGETABLES

= VbN NHIItu FTtSST
CHICAGO, Nov 9-AppleS- Michigan
Mcintosh bushel. sl@l2S. Carrots-illi.
nols buShel. 25@ SOC. Sweet potatoes
ana bushel. 75cGsi.5O Cabbage-6O TO lh
crates, 50d6oc. Peas-Californis bushe
hampers, So 500S 65. Tomatoes-Californ
lueS. 75cd 50. Spinach-Illinois bushel
306 CSC. Lettuce-Western crates doz
s350G425. Cucumbers-Florida bushel
S2750350 Celery Michigan crates. 81 ?;
a IS. aullhower-Muchigan crates 50C
a 81. Onion market (50-lb sacks,-Min-
nesota yellow. GOA csc. western Valencias
81 25 Illinois yellows. 50G75c; Michigan
VelloWS q0c
The Indianapolis times., 1935-11-09
WHEAT PRICES
MOVE DOWN IN
LIGHT SESSION
Market Off 80 to So Cent in
Slow Pre-HoIiday
Trading.
By United Press

~ = flHlfA r FtNt
CHICAGO. Nov 9-In a typical
pre-holiday session wheat prices
drifted lower today on the Board of
Trade.
AT the close wheat was a to y
cent lower; corn was unchanged to
off i cent, and OTIS we're un-
changed to up Is cent.
Trading in the wheat pit was
light, but scattered sales were at
tributed TO traders who wished to
withdraw from the market until re-
sumption of trading after the Arm
iStice Day holiday.
Failure of the Liverpool market
TO reflect the firmneSs here yester-
day also tended to discourage buy
erS. Uncertainty over the selling
policy to be followed by Canada con-
tinued to unSettle the trade. Pres
sure was not overbearing. however.
and moderate rally late in the Ses-
sion regained some of the earlier
losses.
In addition to the slowing down
of trade prior to the holiday in the
corn pit trading was further re-
Stricted by traders who wished 10
await the government report on
corn production, which will be re-
leased while the market is closed
Monday. The market maintained a
relatively firm tone, however. Out
side lntereset was at a low ebb.
Forecasts for unsettled weather
over the belt were nullifed as
market influence by prospects of
lower temperatures next week.
Oats were little changed in slow
trading. Rye was inclined to fol-
low wheat Lard futures held near
the previous close during most Of
the session.
The Indianapolis times., 1935-11-09

CHICAGO, Nov 9.-Cash grain: Wheat
NO actual sales. Corn-No S mixed. Sc
$50 5914c: No. yellow. 56d 5sc: No 1
white, Sac; No. white. 6Od e2I7c: sample
2zn 54c- Oats-No. 3 white 30i7c: NO
I white. 26c; sample. 24G25i4c Rye-No
z, o6l4c: Barley-Malting, 70G S0c: feed
quoted. 30@ 42c. Timothy-Seed 50 60Gy3.
Sloverseed-sll,5 ,50dl5S4. Soy beans-No.
sl3 37n; loose, s12.45n; leaf. sl2 son:
bellies, s17.75n
The Indianapolis times., 1935-11-09
Trends
Com mis- sion t O
Study Invest
ment Trusts.
by JOHN T. FLYNN.

ATEW YORK, Nov 9.-The Sc
L v curities and Exchange Com
mission is going to study invest
ment trusts. 1t has put the study
into the hands of Commissioner
Healy. He has proved his ability in
this field in his extraordinary in
vestigation of the utility industry.
He it was who first brought to
The Indianapolis times., 1935-11-09
Other livestock
(By United Press

CHICAGO. Nov: 9:-Hogs- 5000
incuding 25Co directs steady to sAo shhde lac
q 80; sows. s8I6G84 Cattle-Receipts,
500 calves 200: steady; compared with
steers Csc higher; comparable yearlings
steady all other grades unevenly 25@ soc
loyer; extreme top prime ,welghty sters'
siS5o; E mixed de- Ss yeafnss, Es W sI5 25: bulk
strictly grain feds sl1 upward; warmed
up and stocks and
s875 all heifers 25@4Oc higher; beef cows
25c up; cutters strong; bulls lo@15 higher hige
snd yeasrS red S f{eady 5000
25d SOC higher; aged sheep strong to 25c
up; feeding lambs firm; weeks tor. native
lambs: $l0.l5 bulk yearlings, s7.50aS S.;
ewes, s3.50@4.85;. feding- lamb supply re
mouthed white-faced Montana ewes, s5.
b55er FT wA9NE s65o NRy S sd55s lbs
$s4s 1890 lbs: So IS; 10000 is, So Ss
i9o l6s s8e6 ioolao lbs. 0 Sc s. roughs
s7.75; stays, IS; calves, s1i; lambs. 1925.
higher; 10000 lbs, $3.50; 2Oo-225 lbs
ssaS 275o 2735o lbs ss5e 35S335 35S355 lbs
s9o5; 16o-18o lbs. s9.25; 14O-l6o lbs,
s910; 120-14O lbs, $685.; 10-12O lbs. $3.50;
roughs s675 down. Calves, steady; top
$40. Lambs, steady; top So
by Times SpeciaD
LOUISVILLE. Nov. 9.-Cattle-Receipts.
150 market mostly nominal compared
week ago: slaughter steers and heifers
strong to Csc higher; other killing classes
fully steady; stockers and feeders un-
changed; closing bulk common to medium
grade light grass steers and heifers, s5.25
al so; common oairybred and off colored
selections down to SIS and less; bulk grassy
beef cows, s4@5 practical top. s525'
good smooth heifer type cows quotable to
around S5.75; bulk low cutters and cutters,
S3.25d 3.75; thin shelly low cutters down
to SO or less; most sausage bulls, 81 500
5.25: desirable butcher bulls to around
s5.75; light beef type stockers and stock
calves mostly seas; bulk native feeding
steers, s5.50d7; inferior to common light
southern dairybred stockers s4G5. Calves
Receipts ESQ including about IT'S stock
calves; market nominal; bulk good to
choice SO 500 l0.50 medium and lower
grades SO down to $3.50 to less: market
closing soc higher than last Saturday
Hogs-Receipts. $50: market, steady: top
and i bgk, 5n6 lao-24o lbs; $40: 245-295 lbs
$3.50; 300 lbs. up. s8.5e 160-i75 lbs. SO 90 :
l40-l55 lbs; ss.05; 120-135 lbs, s71o; sovs
s7.05; market closing mostly 15c higher
than last Saturday. Sheep-Receipts. 25;
market, nominal; lambs closing strong to
SOC higher than last Saturday; fat sheep
unchanged: closing bulk medium TO good
lambs $3.50: better kinds up to SO Is and
above; palmer grades including bucks
mostly. s6qS; bulk fat ewes, $50 down.
The Indianapolis times., 1935-11-09
FOREIGN
indianapolis Student Honored
Times Special


GREENCASTLE Ind, Nov. g.
Charles Irving Mendenhall, 307 N.
Arlington-av, Indianapolis, is one of
II De Pauw students named to the
editorial staff of The Mirage, uni
yersity yearbook. He is member
Of Phi Kappa Psi.
The Indianapolis times., 1935-11-09

light the amaz-
ing revelations
about the vi
cious system of
buying propa
ga n d a fro m
p r G a C h ers ,
teachers, college
professors, the
press W h c h
shocked the ma
ton about four
years a go.
Judge Healy
will be assisted,
z &C or din e to
Lan ~ Horr h.
The Indianapolis times., 1935-11-09
NEW YORK CoTToNSEED OF
SUGAR
BUTTER
NEW PLANT BEING BUILT
NEW YORK
Times Special

7 tWtN = VtJTNI
TORONTO, Nov. e.-The Canad-
ian subsidiary of the National Cash
Register Co. will begin the construc-
ton of new plant here it was an
nounced today by the Toronto In
dustrial Commission. The work is
to stayt at once.
The Indianapolis times., 1935-11-09

Mr.. David Schenker, as counsel.
~: SScc.!:,c..Ker was one Of those
Young lawyers who assisted Judge
Ferdinand Pecora in the now ia
nous investigation Of Wall Street,
IIr. Schenker gave most Of his time
10 the study Of the Stock Exchange
itself and learned his way around
Wall Street under auspicious cir
Cumstances. He learned also some
thing of the artful lodging of high
finance when it is under inVestiga-
ton. Also he wrote the very able
report Of the investigation Of the
Senate Committee
The investment trust story has
changed a little Back in 1927 to
1880 it was in its heydey. Then it
was sort of racket into which
countless Adventures made their
way, some of them without previ-
Gus experience or record in finance.
l found one trust controlled by a
former bond salesman who was
pretty much down and out and yet
IN less than year got control of
a goOd-Slzed trust which controlled
several others and owned a control
ing interest in six New jersey
banks.
THE worst feature of the trusts
Il was the manner in which they
came under the dominion of the
investment bankers. The security
merchants got possession Of the in
Vestment trusts and were able to
load them with their cats and dogs
to the great injury of the Amer
ican investing public. What the
losses in the trusts were no man
can say. They ran into the bill
lions.
Now, however, while the institu-
tion is still subject to that bad in
fluence, new phase has made its
appearance. The trusts are now be-
coming instruments for getting
control of industry on a large scale.
This development in America was
inevitable. 1t did not take any
especial perspicacity to predict it
five years ago. 1t is all the more
dangerous since many men are dis
posed to imagine that there is a
difference between a holding COM
pany which dominates industry
and an investment trust which
dominates it. The President him
self insisted that purely investment
companies would not be subject to
the recently enacted holding COM
pany legislation in the utility field.
Judge Healy and Mr.. Schenker
will perform a great and lasting
service if they will expose the man
ner in which the funds of the un-
suspecting investor are being used
to aid several small groups of
acquisitive men to repeat again in
a slightly different manner the
trick of using other peoples money
to make vast profits for themselves.
Copyright, 1885. NEA Service. Incl
The Indianapolis times., 1935-11-09
(By United Press
LOCAL CASH MARKET
(Rv limited PressA

City grain elevators are paying 81 cents
lor NO. soft wheat. Other grades on
tnelr merits. Cash corn new No. 4 yellow
90 cents and oats 19 cents.
The Indianapolis times., 1935-11-09
Indiana Farmers Ready
to Vote Thanks TO AAA,
HOOSier Senator Says
Rural Districts Praise Roosevelt as They Buy Autos;
Blast Furnaces Blaze Again. Trade ReviveS in
Calumet Section, VanNuys Reports.
BY DANIEL NJ. KIDNEY
Times staff Writer

WASHINGTON Nov. e-Rura Indiana had just
emerged from highly successful
the farmers their thanks
The Indianapolis times., 1935-11-09
(By Abbott, Proctor & Paine)

1894. pN ~ 'eAi's On June oo'
oLeaves arrearage of $3.50 share
GIN previous quarter COMPANY paid 81
Qtlrst payment since May Is 1927. when
STA cents was paid "iioii
The Indianapolis times., 1935-11-09
BALTIMORE MAN
SOUGHT BY SEC
IN BOND PROBE
Look for H. H. BIaustein
in Investigation of
Organizations.

tiles and Exchange Commission in
vestigators of bondholders' protec-
tive organizations revealed today
they are attempting to locate H. N.
Blaustein, Baltimore.
Blaustein is to be questioned in
connection with organization activ-
tiles of the Stanley Committee in
terested in Peruvian bonds He is
said to be employed now by the
House committee headed by Rep.
Adolf j. SABBATH d., IllO, also in
vestigating bondholders' protective
organiza tions.
w. O. Douglas of the SEC, said
that to date efforts to locate him
have been unsuccessful.
Charles A. Douglas, Washington
/ lawyer for the Stanley Committee,
testified that Blaustein is employed
by the Sabbath Committee.
Interest Aroused by Letters
SEC interest in Blausteir was
aroused by letters taken from files
of the Stanley Committee in which
Blaustein claimed responsibility for
initiating organization of the Peru
Wan bondholders' protective commit
tee with Morris A. Rome of the law
firm Of Rome & Rome of Baltimore.
more.
Witnesses today denied knowledge
of Blaustein'S initial activities, al
though BlauStein, in a letter intro
duced into the record, stated that he
was responsible for approaching
Morris Rome and for selection of
A. 0. Stanley, former United States
/ Senator, Ex-Governor of Kentucky
and now a member of the Canadian
/ United States International Joint
| Commission, as chairman of the
committee.
The line of questioning followed
by the SEC examiners today indi-
Gated clearly that the commission is
endeavoring to determine whether
the Stanley Committee was organ
lied primarily for the protection of
American holders OF Peruvian bonds
IN default or for the purpose of su-
ing bankers.
Senator Stanley, Chairman
Blaustein, in a letter addressed to
Rome, dated March 81, 1888, said:
When 1 proceeded to organize
the committee for the holders of
Peruvian bonds, it was with the
definite thought in mind that 1
would be permitted to take full
charge Of the work of the committee
and be paid reasonable weekly SAL
airy, of course, contingent upon the
committee coming into funds, and
subject to the approval of the COM
mittee and counsel"
Il got Senator Stanley to act as
chairman" Blaustein wrote, "and
you procured the other members of
the committee from Baltimore"
Blaustein wrote that he selected
Charles A. Douglas of Washington
as counsel.
Denies Familiarity With Statements
ANoAc'o NtClllCu hllOW1cUSG Vi IDlS.
Blaustein told Rome that "at the
outset the policy of this committee
was to have been guided by yourself
and counsel fees that would be paid.
1t was understood between ourselves,
would be divided equally"
In order that we may be reward
ed for our efforts and your invest
ment in this committee protected we
must proceed very vigorously and
without delay and this of course
can not be done without money"
Blaustein wrote.
Maurice P. Davidson, New York
counsel for the Stanley Committee,
denied familiarity with Blausteins
statements. Later informed that
the letter came from his files, Da-
wilson admitted that he might
have seen it."