davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09


face of the Occidental nations if
Japan succeeds in extending her
sphere of influence over China.
America has interests in the Pa
cif1c, but as compared with Hong
Kong and with BritainS three hun
dred million pounds sterling worth
of investments in China they are
trihing. The record of Sino- Amer
lean relations is one Of unbroken
amity and of mutual respect and
conSideration-not one of exploit
tation as are the records of Britain,
Russia and Japan.
China Loan Doubted
AS Britain's high gold policy,
which undermines our own econ
omy, tends to shift the Chinese from
the arms of the British into the
clutches of the japanese, we are in
vited to take England's chestnuts
out of the fire. AS a matter of fact,
China needs no loans from any ma
ton or group of nations. What she
sorely needs is a higher price level
for the commodities she produces
that she may purchase her indis-
pensable necessities. This she can
not expect so long as England IA
cilitates the bidding up of gold.
Like western Europe and the
United States, China is the victim
of the ruthless policy of def1ation
which is being carried out by the
British treasury. If England wants
to save her interests, not alone in
China but in Hong Kong and in
Singapore as well, and if the door
to India is not some day to be
forced open in spite of her, she hac
better abandon manipulation, sta
bilize the pound sterling, allow COM
modify prices to rise and give 9
breathing spell to the entire world
America remonetized silver so as
to restore gold equivalent values de-
stroyed by the British through In
Ola. She tried in this way to break
the corner" in gold so as to raise
the international price level, but
England will have none of it, and
her exchange equalization fund, by
stimulating gold hoarders anc
SPECTATORS everywhere, is Sterilizine
gold values faster than America car
create them,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
COLUMBIA PICTURES
INCREASES INCOME
Equals S5.15 Share During Last
SiX-MOnth Period.

By Times Special
NEW YORK, March 9.-Columbia
Pictures Corp. and its subsidiary
companies today reported net profit,
after all charges and provision for
Federal income and other taxes, for
the six months period ended Dec. %,
1884, of S919, 18481, equal to approx
mately $515 a share on 1883 COM
mon shares outstanding as of that
date, after deducting preferred
dividends.
This compares with $404,563 for
the six months ended Dec. 80, 1888,
which was equal to $2.25 COM
mon share on 167,885 shares, and
with earnings of $3.50 a share for
the companys fiscal year ended
June 80, 1884.
Earned surplus amounted to So
903, 448 at the end of 1884, compared
with $2,363,61O at the end of 1898,
and current assets we're $7,137 715.50
against S1,418,97323 in current liza
bilities, or a ratio of more than
| to /.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
n. Y. CENTRAL
CEASES FIGHT
IN C. & Ell. CASE
Carrier Decides Not to
Appeal to Supreme Court
on Eastman Ruling.
BY RANDOLPH PHILLIPS
Times Special Writer

NEW YORK, March 9.-The New
York Central Railroad has decided
to allow the ruling of Joseph B.
Eastman in the Chicago e. Eastern
Illinois case to stand without fur
Their appeal, it was learned today.
and as a result the anticipated test
of the powers of the Federal Co
ordinator of Transportation under
the Emergency Railroad Act will not
be made.
Mr.. Eastman refused to sanction
the switching of the Louisville 81
Nashville Railroad of its crack
Dixie Flyer" passenger trains from
the tracks of the Chicago 81 East
ern Illinois Railway to those of the
New York Central.
Considered Appealing
A three judge Federal Court up
held the Eastman order that the eX-
listing alignment he maintained, and
stated that the case should first
have gone for review before the
Interstate Commerce Commission.
An appeal to the Supreme Court
was weighed by the New York Gen.
trail and the Louisville g. Nashville,
and for a time railroad and bank
ing officials were excited at the
prospect of a complete test Of the
powers Of Mr.. Eastman.
Had the injunction requested by
the appealing railroads been granted
all efforts of Mr.. Eastman to force
railroad coordination might have
been halted
The emergency railroad act will
expire on June Is, after being in
force two years, unless renewed by
Congress. For this reason some
doubt exists as to the permanence
Of Mr.. EaStman'S ban against the
switching of service to the rails Of
the New York Central. There is a
question whether, if the act lapses
and the co-ordinating powers are
not renewed, Mr.. EaStman's order
will have a legal effect after June Is.
This is one of the reasons that
the New York Central decided not
to fight the case through to the
highest court. or to even avail itself
of the right to a review by the In
terstate' Commerce Commission.
Would Cost Business
The Eastman ruling carries vast
significance to the railroad world.
In pleading against an upset of the
ruling, the Chicago g. Eastern Illi-
nois pointed out that the business
it would lose would be taken off
those 287 miles Of its trackage be-
tween Chicago and Evansville, Ind.
in which were embodied more than
Sc per cent of its total capital in
veStment.
BY sending the service over the
lines of the CentraIs subsidiary. the
Big Four, as proposed, the Chicago
81 Eastern Illinois would be subject
ed to a passenger revenue loss OF
100000 annually, it was stated.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
BOULDER DAM
DECISION HELD
HOPE FOR iva
BrandeiS' Ruling Viewed as
Meaning to Prevent
DiSCarding.
BIZ ScriDDs-Houard Nerospapcr Allianc'

BIZ ScriDps-Horard Newspaper Alliance
KNOXVILLE. Tenn, March g.
The Tennessee Valley Authority is
depending today on the decision OF
the United States Supreme Court
in the Boulder Dam case, written by
Justice Louis Brandeis, to save It's
power program from the discard into
which Federal Judge w. I. Grub OF
Birmingham attempted throw it.
II also expects this decision to
protect the governments other pow
er developments in the West.
In the Boulder Dam case, the
Supreme Court held that Congress
had a right to dam the Colorado
River to improve navigation, provide
flood control and irrigation and
manufacture power.
In the face of allegations that one
Of the primary purposes of the Boul-
der Canyon Project Act was to put
the government into the business
Of manufacturing power, Justice
Brandeis said the court had no right
to look behind the law.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09

Have you seen and heard the
new 1885 PhilcO Auto Radios.
New beauty, marvellous tone,
spectacular home radio perform
ance, amazing value. Quickly
installed in any car with hand
some control on either the steer
ing column or instrument panel.
Priced as low as S42.95. Drive in
tomorrow for free demonstra-
ton. Learn why more Philcos
have been sold than all makes
of auto radios combined. We
are open all day Sunday until
D. m.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09

Your tires will never have to
stand the gruelling punishment
that those on the Bluebird re-
ceived travelling at 276.8I6 miles
per hour on the sands of Day.
tOna Beach, but even at 40 miles
per hour tires receive terrific
punishment, every point on the
tread striking the pavement ii
times per second, much faster
than you can tap with your fin
ger. To avoid tread separation
at high speeds, Miller Geared-
tO-the-ROad Tires are built with
a Tread-weld which cushions
and distributes the blows. In
addition each layer of cord is
laid parallel and imbed6ed in
rubber so there is no chance for
friction to develop and break
down the carcass. Miller Geared-
to- the Road Tires give you
four long, safe mileage features
at no extra cost. Let us quote
you on your size. The plan Of
payment, convenient to you, is
convenient to us.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
JOINS FENNER & BEANE

Leroy G. Breunig has become
associated with Fenner & Beane,
members of the New York Stock
Exchange and other important ex-
changes, according to an announce
ment made today by Russell McDer-
mott, manager of the indianapolis
Office.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
Stock Studies
CONSOLIDATED CICAR

The Consolidated Cigar Corp.
specializeS in cigars and is one Of
the largest producers in this coun-
try. The company is also engaged
in the growing. curing and general
handling of tobaccos of all descrip-
lions.
1t manufactures a wide range OF
brands, so that its cigars meet the
needs of every class of smokers. A
large part of its output is sold I'M
der nationally known trade names.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
CARLOADINGS INCREASE
Rise 51.s4s in Week Ended March
?. Rail Association Reports.


WASHINGTON. March 9.-The
Association OF American Railroads
has announced that carloadingS Of
revenue freight for the week ended
March > tOtaled 604. 642 cars. an in
crease Of 5l746 above the preceding
week. which contained a holiday.
but a reduction OF 1915 under the
corresponding week in 1884.
Miscellaneous freight tOtaled 225.-
67s cars. increases Of 15.9O4 above
the preceding week and 1857 above
last year. Merchandise in less than
carload lots tOtaled l60.32O cars. an
increase Of 1889 above the preced-
ing week. but a reduction Of 2I39
below 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
INSURANCE SALES INCREASE

~ tmeS SpeCtdt
CHICAGO, March 9.-The North
American Life Insurance Co. Of
Chicago showed an increase of 100
per cent in new business for Feb
ruary, compared with the same
month last year, according to Paul
Mcnamara, vice president.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
DIVIDEND is VOTED
~ Tines Specinl

Do FWts NVtIIIE
NEW YORK, March 9.-Directors
of Selected Industries, Inc, have
declared a dividend of 8713 cents a
share on the $3.50 dividend prior
stock, payable April / to stock
holders of record March IS. it was
learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
FINANCIAL DATA

rated in 1919 in Delaware. All classes
of stock are listed on the New York
Stock Exchange. During 1885 the
price of the common has kept with
in a narrow range. with high of
1919 and low of g. 1t is currently
selling for about 99s.
tAll Rights Reserved. winchester Institute
OF Finance. Winchester. Msss1.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
OFFICIALS ARE ELECTED
Paul G. Hoffman Named President
of Studebaker Corp.

NEW YORK. March ELECTION
Of Paul @. Hoffman. president. and
Harold s. Vance. chairman Of the
board OF directors OF the newly or
ganized Studebaker Corp. was an
n0unced here today following the
initial meeting Of the new board.
Following the meeting, the new
president announced the election of
four vice presidents. They are Ralph
Vail. d. G. ROOS. George Keller and
c. K. Whitaker A. G. Runpf was
elected secretary Of treasurer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
N. Y. sHIPBUILDING LOSES

BIZ Times Special
NEW YORK, March 9-New York
Shipbuilding Corp. sustained net
loss Of s257 .965 for 1884, against a
net loss of s24, 1922 for 1888, company
reports showed today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09

Cars of older vintage which are
registered and presumably still In
service also are estimated on the
basis of the mortality formula.
The estimates to follow, however,
are not considered trustworthy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
BELL STATIONS GAIN
BBTfnesSpcciaI

NEW YORK. March 9-The Bell
Telephone System reports a net
gain OF $1,000 stations for February.
compared with a gain Of 5000 in
the corresponding month last year,
Il was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
Jurist Expresses View

"A divided court in the child la
Dor case. which Newton D. Baker
and James NJ. Beck have cited in
branding IVA unconstitutional,
held the statute void where the I'M
constitutional aim was clear on the
face of the law
In the motives which induced
members of Congress to enact the
Boulder Canyon Project Act this
court may not inquire" the Su-
preme Court said. The act declares
that the authority to construct the
dam and reservoir is conferred
among other things, for the purpose
of improving navigation and reg
Ulating the flow of the river
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09

At least two parties will be
relieved by the adjournment
of legislature-the Republic
ans and the Democrats.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09

According to Huey Long,
so million listened to his bed
time story. 1t was the "yawn-
ing" Of a new era.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
British Sterling Policy
Declared China'S Ruin
BY Exchange Authority
Price of American Cooperation in the Far East Should
Be the Definite Sterilization of the Pound
oon Couc
Leon Says.

March 9-In China commodity prices have fallen
while the Subecng serious
said that China would welcome outside Japan has
reported having made certain advances to her.
hand cooperation
with aiding China before Japan effects her japanese
afraid that mgh slammed in the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
NET INCOME HIGHER
Perfect Circle Earnings in 1884 Show
Sharp Gain.

BIZ Times Special
HAGGERSTOWN, March 9.-Net
earning of both the Perfect Circle
Co. of Indiana and Toronto, Can
ada, showed substantial increase
during 1884 over the previous year,
it was announced here today.
Consolidated net income for the
year. after all deductions, including
taxes and depreciation, amounted to
s549, 1921, compared with 1897 039
during the 1888 period. The 1884
earnings were equivalent to 1888 a
share on 10000 shares of common
stock outstanding.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
Clearly Within Powers

"As the river is navigable and the
means which the act provides are
not unrelated to the control Of
navigation the erection and mainte-
nance of such dam and reservoir are
clearly within the powers conferred
upon Congress.
Whether the particular structures
are reasonably necessary is not for
this court to determine.
And the fact that purposes other
than navigation will also be served
could not invalidate the exercise of
the authority conferred, even if
those other purposes would not alone
have justified an exercise of con-
greSSional power.
This court may not assume that
Congress had no purpose to aid
navigation. and that its real inten-
ton was that the stored water
should be used to defeat the de-
clared primary purpose. The posi-
bic abuse of the power to regulate
navigation is not an argument
against its existence"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
AUTO BACKLOG
PUT AT TOTAL
OF 10 MILLIONS
Pent-Up Demand and Need
for Replacement Factors
in Potential Growth.
By Times Special

By Times Special
NEW YORK, March 9.-While
automobile production is speeding
along at a 1880 pace, a pent-up de-
mand and replacement potential for
100000 cars and trucks lies ahead,
it was estimated today in trade
circles.
Assuming the average life of an
automobile to be seven and two
thirds years, estimates of the replace
ment potential can be roughly COM
puted in two ways. One is by the
mortality" formula of Professor
Clare Griffin of the University of
Michigan.
He attempted to set up an actu-
arial formula for the life of an
automobile by thorough study OF
the autos life history during the
years 1923 and 1924. Though since
greatly improved technically, auto
mobiles today are driven much more
and cover far greater mileage. Thus
the average life span is still COM
petently estimated at seven and two
thirds wears
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
Has Many Objects

TWAS primary purposes are to
improve navigation and provide
flood control of the Tennessee River,
to protect marginal lands. provide
for national defense, and dispose of
surplus power created in these OPP
erations.
To accomplish its primary ends
iva holds that high dams must be
constructed.
High dams are power dams. Part
of the power produced is used to
operate the dam-to lift locks. etc.
Power above that consumed at the
dam or otherwise used by the Au-
thority itself is surplus power.
IVA claims the right to manu-
facture power as a by-product of
its undoubted privilege of damming
rivers to provide navigation and
flood control. and contends that this
right to manufacture a commodity
electric pOwer-carrieS with it the
right to take that commodity TO
market. In other words to buy or
build transmission and distribution
lines.
IVA points out that when the
dams necessary to navigation, etc,
are built energy is created behind
these dams. If that energy of fall
/ ing water were permitted to go I'M
used a natural resources would be
wasted. says IVA, and this would
+ be contrary to the general welfare.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
24,85O,OO0- Registered

The means of conjecturing the
pent-up demand arising out of the
lag in purchasing through the de-
preston is that of summing up the
difference, or purchasing lag, be-
tween actual auto sales by years
and the estimated replacement
norm of 3,45O000 cars.
There are now 24,850,O00 cars and
trucks registered in the United
States. The peak registration OF
26,545, 900 was attained in 1880. A
break down by the Automobile
Manufacturers Association attempts
to classify by age the autos now
registered and in service. 1t fol-
lows.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
What Does 1t Mean?

Bond Premum-When borrower receives money
and above the par uale Of the bonds sold he is
receiung premium This happens lchen the bonds are
especially attractive.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09

To establish an annual norm, the
1880 peak year of 26,50O,O 900 regis
trations is taken. This is intended
to show how many persons nave
had cars and will again have them
if and when the 1880 level of pros
perity is regained. If seven and two
thirds years is the average autos
life span, then the average NOR
tality'' expectancy is found to be
$3.50 900 cars going into discard each
year. Throughout the depression
owners have kept their old cars and
repaired them so that very great
pent-up replacement demand exists.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
Large Replacement Need

Summation of the difference be-
tween actual auto sales since 1929
and the annual discard expectancy
of 3,45O,OOO points to potential re-
placement need for 100000 cars Up
to now. If the 1885 mortality" eX-
pectancy is added, then the indl-
Gated market ahead of the auto
mobile industry approximates TO-
100000. The turnover and junking
of old used cars by persons VINO
habitually buy secondhand autos
greatly complexities matters. How
ever, the fact that the 10,000OOO-car
potential market may be exagger-
ated does not belle the fact that,
undoubtedly, a very great pent-up
demand exists, according to author1-
tative opinion.
Another crude gauge may be made
in another way. OF the 24,85O, 600
cars and trucks now registered as
in service, about 12,413,O00 have been
sold since Jan. /, 1929. Prior to that
date there we're roughly 12,4OO,OOO,
which certainly points to a great
market ahead if the average lie
span is seven and tWo-thirds years.
Most probably, however, the last flg-
ure is extremely high.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
Home Owners Loan Corporation

234s 1949 ................1 1905 1904
3s 1852 ............... .10l Il 101 10
IS 1851 ..1Ol.9 1Ol,12
Federal Farm Mortgage Corporation.
IS 1949 .............10 1923 10116
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-09
". Y. Bonds
Reprinted from Yesterday
DAILY BOND INDEX
/. s. GOVERNMENT BONDS

10Y EEIIIACA @ 1Ca44~I
Libertys.
Evening star., 1935-08-04

Prince Frederick, after two weeks In
the New England States.
Miss Betty Hunt, daughter Of Mr..
and Mrs. Robert Hunt of Loveville,
Md, celebrated her eleventh birth
day anniversary Monday evening,
then she was given a party by her
grandmother, Mrs. L. A. Wilmer, fol-
lowed by hay ride.
Mrs. M. F. Hopkins, former postmis-
tress at Oraville, and now making her
home in Washington, Is spending this
month with her brother-in-law and
sister, Mr.. and Mrs. Philip T. Graves,
at Laurel Grove. Mr.. and Mrs. Graves
also have with them their son-in-law
and daughter. Mr.. and Mrs. Howard
Miessei, and their son, Billy Miles,
sci Of Norfolk, Va, who will spend next
week here.
A wedding Of much interest was that
Of Miss Lillian Knott, daughter of Mr..
and Mrs Ernest Knott, and Mr.. Will
liam Abel, son of Mrs. Claude Abel,
which took place in the st. Johns
Roman Catholic Church at Hollywood
Wednesday. The nuptial mass was
said by the rector, Rev. Joseph john
son, with only intimate friends and
members of the immediate families at
tending. The bride wore a white satin
ensemble with matching accessories.
She had as her maid Of honor, Miss
Regina Abel, sister of the bridegroom,
and Mr.. william Thompson was the
best man. Mrs. Roger Hayden, church
organist, played the wedding music
and following a wedding breakfast the
young couple left by motor for we'd
ding trip in Southern States. They
will make their home at Hollywood.
Evening star., 1935-08-04

to her home in Berwyn from vaca-
ton at Herald Harbor, Md.
Rev. Lawton Riley, rector Of Pink
ney Memorial Protestant Episcopal
Church; Mrs. Riley and their son Pat
are spending the week end at Irving
ton, Va, as guests Of Prof. and Mrs.
K. j. Morris Of Hyattsville in their
Summer home.
Mrs. Ira K Atherton and Mrs. c.
D. Anderson spent last week on
trip to Boston. Albany and New
York,
Mrs. r. M. Green and family have
returned to Hyattsville after q two
weeks visit to their former home,
Fort Wayne, Ind.
Mrs. Edwin Hays Gott of Edge
water Park, N j., formerly Miss Mary
Louise Carr, will arrive in Hyattsville
tomorrow to visit her parents, Mr.. and
Mrs. G. Hodges Carr She will be an
attendant at the wedding August 10
Of Miss Margaret Naylor and Mr..
James Warthen Lauderdale. Mr.. Gott
will come on for the wedding Satur-
day.
Mrs. J. S. Franklin has been at
Mountain Lake Park, Md, the past
week representing the Hyattsville
Council of Federated Churchwomen
at the annual school for mission study
conducted by the Maryland Council
Of Federated Churchwomen.
Miss Marian Anderson, daughter
Of Mr.. and Mrs. c. D. Anderson, is
spending her vacation at the Home
stead, Farleys-on-C Cayuga Lake, N. Y.
Mr.. and Mrs. Alfred r. Lee, their
daughter, Miss Barbara Lee, and Miss
Helen Evans have returned to their
home in Decatur Heights from a
three-week trip to Maine.
Mrs. Thomas H. wildman is again
in her home in Decatur Heights after
visit in Paterson, N. J. She was
accompanied by her daughter, Miss
Betty Wildman, who will spend the
remainder of the Summer with her.
Rev. Robert Lee Lewis, rector of ST.
Luke's Episcopal Church in Bladens-
burg; Mrs. Lewis and their daughters
Virginia and Marie and son. Bobby
Lee, jr., left during the week to spend
a month at Rehoboth Beach, Del.
Mrs. Waldo Burnside, wife of the
former Judge Of the Prince Georges
County Police Court. and their chill