davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
Ne7O Insurance Company
Will Make Formal BO7U
Here Late Next Month
Former Governor Leslie to
Be President of
Enterprise.

On April 10 Indiana's newest lega
reserve life insurance company vii
be launched with former Gov. Harry
G. Leslie at the helm. On that day
amid ceremonies both professional
and festive, this tyro in the business
world will make its bow under the
name of the Standard Life Insur-
ance Co. Of indianapolis.
A license to do business was
granted by the state few days age
after half of the initial 10000 shares
of $40 par value stock had been sub
Scribed for. Additional blocks OF
stock have been taken since then
and it is expected that the entire
10000 shares will have been sold be-
fore the formal launching Of the
enterprise.
The stock is being sold for $50 a
share, or two and half times the
par value.
To Increase Stock
A meeting of directors and officers
of the embryonic company will be
held on April 10. At that time stock
holders will be asked to approve an
increase in the common stock cap
italization from 10000 to $4,000
shares. 1t is the intention of Stand
ard Life to make these additional
shares available for subscription at
three times par value. or $50.
Floyd E. Williamson, former state
auditor, and John w. Cherry, who
recently resigned as vice president
of the United States Mutual Life
Insurance Co. of Chicago, will be
vice presidents of the new company
George F. F'lagg, former state agent
of the wisconsin National Life In
surance Co., will be secretary and E.
j. Barker, president of the Home
National Bank of ThorntoWn, will
be treasurer.
The Standard Life Insurance Co.
is wholly a HooSier proposition. All
officers and directors of the COM
pany are, or presently will be, resi-
dents of indiana Furthermore, all
stock in the enterprise has been sold
to residents of this state.
To Give Dinner
Offices have been rented in the
Guaranty Building and workmen
are now remodeling and fitting them
up for occupancy on April 10, the
day on which the first meeting is
scheduled. Later in the evening the
officers are rendering a dinner to
stockholders and directors at the
Columbia Club to celebrate the
launching of the company on its
career. President Leslie and other
prominent speakers will address the
gathering.
Standard Life Insurance Co. will
start with large active organiza-
ton in the field and the sales de-
partment has set monthly goal of
$1,000,000 for the balance of the
year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
MON0N HAS DEFICIT
OF $1,416,314 IN 1884
Chicago, indianapolis & Louisville
Railway Issues Report.
By Times Special

By Times Special
March ga net deficit of ST.
416,314 during 1884 is shown in the
annual report of the Chicago, Indi-
annapolis & Louisville Railway. This
compares with a net deficit of ST.
514467 in 1888.
Operating revenues were $7,427,-
499 against S7,228,716 and operating
expenses S6,168,313 against $5.745,-
056 Incorporating income totaled
$25,678 against S104798 and fixed
charges were $1,561, 1872 against ST.
598.182.
Profit and loss account after adj
iuStments showed a credit balance
of S788. 300 as of Dec. 81, 1884, COM
pared with S2,2S679O a year earlier.
Passenger traffic increased with
total of 216.689 carried last year,
against 216628 in 1893.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
OPERATING REVENUES UP
81 TiHes Special

NEW YORK. March 23-Gross
revenues Of operating
subsidiaries OF the Associated Tele-
phone Utilities Co. amounted TO
sl0.74s.25s-22 in 1884. compared with
Slo.6276l2.66 in 1888. an increase of
sl20s45.56. according to q report to
stockholders today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23

The aim of unemployment insur-
ance is simply that OF spreading out
the industrial wage bill in such
manner that benefits to the unem-
ployed will cover the limited inter-
ruptions Of earning power 10 which
most wage Gamers are exposed.
The benefits, or payments, will rep
resent a certain proportion of the
wages or salaries that the unem-
Moved would earn under normal
conditions.
This implies a reserve fund winch
is built up BY definitely fixed con-
tributions from both the employer
and the worker, or, as in England
BY the employer, the worker and the
state. or BY the employer alone, or
bv the worker alone through trace
unions or associations. The result
is a smoothing out of the business
cycle to a large extent. Another Ell
feet is TO Obviate very considerably
the demands on public relief and
private charity during periods OF
industrial depression, when 1t can
least be borne.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
z BILLIONS OF
MORTGAGES TO
MATURE IN '35
Fahey Calls Attention to
Present Facilities for
RefinanCing.
81 Times Special

81 Times Special
WASHINGTON. March 23.-In
order to assist 500 900 urban home
owners throughout the United States
who are not in financial difficulty,
but whose short term mortgages fall
due this year. John H. Farley.
chairman of the Federal Home
Loan Bank Board, stresses the de-
STABILITY of refnancing these obi
cations as long-term amortized
loans.
He points out that ample long
term funds are now available
through private lending agencies,
particularly the $3.50 member insti-
tutions of the Federal Home Loan
Bank System, with its present re-
serves of nearly S18O,O00,O00 at the
disposal of members for loans to
home owners.
100000 Home Affected
Nearly two billion dollars in
short term mortgages, representing
some 100000 city homes" Mr.. Far
ley said, mature in 1885. Many
borrowers under present conditions
find it difficult to make the large
lump-Sum payments required on the
loans Such a home owner will
readily see the advantage of re-
financing the troublesome loan now
falling due by means of a new long
term mortgage which he can pay
off over a term of from seven to Is
years in small monthly installmentS,
each containing a partial payment
on principal with interest on the
unpaid balance.
Lending institutions in certain
parts of the country are now Of
fering long-term loans at even lower
interest rates than are carried by
the lump-sum mortgages now fall
ing due. This partly reflects the
ample credit reserves available at
low rates to member institutions of
the Federal Home Loan Bank
System.
Advantages Explained
ITO illustrate the advantage Of
refnancing a maturing mortgage
through a new amortized loan, sup
pose that a home owner has a $4,000
mortgage at per cent interest
coming due next month, which he
is unable to pay off in full and will
have difficulty in renewing through
the present lender. BY ref1nancing
the $4,000 loan as a 12-year amor
tized loan, through local build
ing and loan association or other
member of the Federal Home Loan
Bank System, the present $4,000 OBJ
legation is paid off in full.
THE new loan which replaces it
will require a monthly payment of
principal and interest of only $50.
In II years, the entire $4,000 loan
will have been repaid without
single payment of more than $50.
THE $3.50 member home-financ-
ing institutions of the Federal
Home Loan Bank System, mainly
building and loan and Federal Saw
ingS and Loan Associations, special
ize in making long-term amortized
home loans to people of sound
credit standing.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
Aid Purchasing Power

Unemployment insurance has an
important economic effect in sta
bilizing industry. The amounts
paid out as benefits sustain the
purchasing power of workers who
are without jooS and thus help pre-
vent the curtailment of consump-
ton which now marks both major
and minor depressions.
When YOU put a man out of a Job
YOU have killed a customer: not
only your customer but a customer
of many other producers. When a
manufacturer says: I've reduced
expenses today. I've laid off 500
men," the Interpretation of his
statement. in the language of real
ity. is that he has destroyed 500
customers.
Yet-and here is the paradox of
the SituatiOn-no one can expect
an employer to carry people on his
pay roll when he is losing money,
when his business is going down in
volume. when he is in red ink every
month. OF course not. In that case,
he must lay of workers even if he
does destroy customers.
Eventually the solution of this
complicated problem will be found
in a higher development of social
consciousness. in a wider vision of
human affairs. in a profound change
in the economic system. Perhaps ii
may come about through a cult of
leisure and shorter hours of labor.
or through an adjustment of the
wage system so that production and
consumption will be evenly matched.
Meanwhile. unemployment and
The necessity for public relief exist
IS actualities. and should be so
considered.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23

LOCAL CASH MARKET
City grain elevators are paying IS cents
for No. soft red wheat. Other grades
on their merits. Cash corn No. yellow.
rs cents. and oats AZ cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
What Does 1t Mean?

Conversion-When borrower attempts to hare
holders of outstanding issue of bonds accept
bonds at lo5cer rate of interest this is knoOn
conversion operation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23

THE RFC Thursday elected SIX
of its selections as directors
OF the Public Utility Securities
Corn. a Chicago holding company
Of Harley L. Clarke This marked
the entrance Of the government
agency into the direct manage
ment 81 the Clarke empire.
Through this maneuver the RFC
may possibly extend its control 10
operating companies IN the Clarke
Setup. The indianapolis Power
and Light Co. whic his directly
controlled BY Clarke'S Utilities
Power and Light Co IS IN no I'M
mediate prospect of coming under
direct RFC domination. as the first
opportunity for the Federal agency
TO Get a voice in the management
Of the local company Will not De
presented until a year from nov.
The United States has OH
ciaiIv invited the world to bid for
its huge gold stock In the first
government intimatiOn that u was
urepsred 20 share. II favorable IN
ducement is offered its supply 81
the precious metal with those
countries in need Of 1t. Henry
Nforccuthau Jr.. Secretary Of the
Treasury. said the Treasury Is
ready 10 consider any good propo-
poSition This announcement
followed disclosure that the gov
eminent had sold $1,000 ounces 10
the Bank Of Mexico and 10000
ounces to Guatemala Con-
srruction work on three PWA pro-
iects. carrying total allOtmentS Of
sSs7 600. have been started IN II
disns since Feb. 1. They are the
Improvement OF the waterwOrSs
system at LaPOrte. with an allOt-
meut on $4,000: sewage treat
ment works az Michigan CITY.
carving ma allotment OF s4S5 900.
and waterworks Improvements al
Van Buren,. with ma allotment Of
SO 600.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
Detectives Cited

The reserve fund should be &C
cumulated with three definite OBJ
iecdves in view. Its primary OBJ
iect is to afford a guaranteed IN
come for a limited time TO workers
who are unable to find jobs. IN
periods Of general prosperity, there
is always a certain amount of un-
emplovment due to seasonal varia-
lions. chronological changes in in
dustrv. etc. Unemployment inSur-
ance. If properly conceived and ad-
ministered. will relieve the distress
of practically all unemployment in
normal times.
In periods of general depression
workers Will be guaranteed an in
come for a certain number OF
weeks. say. for the first 26 weeks
of their unemployment. Unemploy-
ment insurance will not. however,
be able TO care for the whole prob
lem during a major depression.
The proportion of the unemployed
receiving benefits will rise sharply
when a major depression sets in,
but. in the course of time, as the
depression is prolonged, the proper
ton OF beneficiarieS to those who
are gainfully occupied will decrease.
Those who have exhausted their
right 10 benefit-that is. those who
have received benefits for the full
number of weeks-must be cared for
BY governmental relief in a major
depression. IN England this is clear
" understood Insured workers are
carried for 26 weeks: then. if they
have no means of their own, they
are looked after by what the Brit
ish call Relief Assistance"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
JOB INSURANCE
AIM DECLARED
PAY SPREADING
Scheme, 1t Is Held, Would
End Calls on Public Re-
lief and Charity.

Col. Raber, G.. Ebert. a member Of the
Unemployment Insuranos Committee Of
President Roosevelt's Industrial Advisory
Board. has written six articles for the
Indianapolis Times. Of which this IL the
second
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23

Air Reduction. i07
Allied Chem i30'
An Com Alcohol
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23

lot lot los
lSS 1904 i2s
2i~ 24h~2 "a,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23

Lambs. 90 to 100 lbs. good and
choice -......-... S775G 8.25
Common and medium ..... 5000 IT'S
90-120 lbs. good and choice. 450Q $50
one" G2o-15o, Good and choice o.. 1000 SIS
dun a'sii''. 'O-ii'l'Ol- anu ~ 5000 4.25
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-23
Retail Stores


Aviation Corp {
Roeinz Aircft O. y
CURTIS Wright 2
Curt Wright A
Douglas AIT ..-- 20s
Nor Am Az &C.. y
Sperrv Corp -. 81
Unit Air New .. IL
Evening star., 1935-08-12
Mrs. Weinmann in
San Diego. Calf.

Tomorrow has been designated as
the Daughters of 1912 day at the CAL
ifornia-Pacific International Exposi-
ton, San Diego, with Mrs. John Fran
els Weinmann of Little Rock, Ark,
national president of that organiza-
ton, as the guest of honor at the ex-
position for that day, according to an
annoupcement made at the headquar-
ters of the society here.
Mrs. Weinmann will make an ad-
dress on National Patriotism" before
members of the society from all over
the Nation who are attending the ex-
position for this occasion, the address
being given in the House of Hospital
ity on the fair grounds. An address
on "Our Navy will also be given by
Rear Admiral Thomas j. Sem,
U. S. N.
Mrs. Weinmann is being widely en-
tertained while visiting in Los An
geles and other Pacific Coast cities,
some Of the organizations entertain
ing in her honor including the State
of California Society, the Daughters
of Colonial Wars and the War Moth
ers Of America. She made the trip tc
California by way Of the Panama
Canal.
Evening star., 1935-08-12
Sunset Supper Trip
For CalifOrnians

CalifornianS have chartered the S. s.
Southport for a sunset supper cruise"
down the Potomac, sailing at $50 on
Tuesday following adjournment of
the Senate and House sessions, thus
enabling the California members of
Congress to embark as honor guests
of the California State Society in
Washington, D. C.
Official hosts for the cruise will be
Representative George Burnham,
president; Representative B. w. Gear
hart and Mr.. Walter Mcintosh, vice
presidents: Maj and Mrs. E. E. Odom,
Maj. and Mrs. Horace T. Jones, Mrs.
Gertrude Scott, secretary-treasurer,
and Mrs. Dorothy B. Harper, the
chairman.
Many party-group reservations have
been made, and indications seem that
the Southport will be filled to its 350-
passenger capacity. Supper aboard,
with dancing for the moonlight hours,
and returning to Washington by mid
night. LaSt-minute reservations may
be secured Tuesday evening at the
wharf, Sixth and Water streets south
west, from Mr. Moragne F. Hall. for
merly of San Francisco, or Mr.. w.
Howard Smith. formerly of Long
Beach.
Evening star., 1935-08-12

wear peach crepe gown made with
an outstanding stitched collar, long,
full sleeves and a brief train. Her
bouquet will be mixed flowers with
blue larkspur predominating.
Miss Barbara Jacobs of Bethlehem
Pa, and Miss Elizabeth Brooks OF
Syracuse will be the bridesmaids and
are wearing gowns of robins egg blue
similar in design to that of the maid
Of honor. Their bouquets will be OF
mixed flowers, with talisman roses
predominating.
Mr.. T. Denton Carman of Newton
Mass, will be the best man, and the
ushers will include Mr.. A. v. w. Han
cock of Syracuse, Mr. Dudley VAIN
wright of Concord, N H.. cousin OF
the bride and assistant attorney gen.
eral of New Hampshire; Mr. Frank
Goodwin of Washington and Mr.. John
Fox of Detroit.
A reception will follow the cere-
mony, after which Mr. and Mrs. Post
will leave on a wedding trip to Ber-
muda. They will make their home at
100 Clark street, Boston.
A simply planned wedding of in
terest to Arlington County, was that
of Miss Dicie Ella Fishback, daughter
Of Mr.. and Mrs. j. L. Fishback of
Madison. Va, and Mr.. William j
Armstrong of Bancroft, Va, which
took place Saturday, August 10, at
the home of the brides parents. Elder
A. J. Garland of the Primitive Baptist
Church of Madison officiating at 5
o'clock in the afternoon.
The bride wore becoming brown
silk crepe ensemble, with brown ac-
Evening star., 1935-08-12

cessories and q corsage bouquet OF
gardenias and lilies Of the valley, and
had for her attendants her cousin,
Mrs. Joseph Deulin Of Detroit, Mich.
An informal reception followed the
ceremony, the couple leaving soon
afterward on wedding trip, and
upon their return will be at home to
their friends at 2800 Old Dominion
Drive, Country Club Hills, Va.
The bride is a graduate of Har-
risonburg State Teachers College,
and has been a member of the faculty
of the Bancroft School for the past
five years. The bridegroom is the
son of Mr.. and Mrs. Thomas j. Arm
strong of Bancroft, Va. He is a grad
uate of the Mckinley Technical High
School in Washington and is now at
tending the Washington College of
Law Sigma Nu Phi is his fraternity.
Evening star., 1935-08-12
Young Singer Host
At Juvenile Party

Richard Fairchild, small son of Mrs
La Vergne Fairchild, soprano soloist ir
the Mount Vernon Place Methodist
Church South, enjoyed party Thurs
day, it being his 9th birthday. His
small guests included Jimmie Collier
Grant and Douglas Pudleiner. Neddie
Kimble, RoSella Jones, Billy Archer
Thomas Turnbull, Freddie Turnbull
Charles Blackburn. Bennett, James and
Betty Clair Taylor.
Evening star., 1935-08-12
20 KILLED IN FLOODS

TOXIC, August IL R).-Twenty
persons were killed and more than sc
injured in floods in the Kyoto and
Osaka districts, it was reported yes
terday.
Heavy rains have caused streams tc
rise far above their banks and more
than 10000 houses were reported in
undated.
Evening star., 1935-08-12
Ex-Queen RuYs Estate.

Ex-Queen Elizabeth of Greece has
bought an estate at Temesvar, Ru-
mania, and will grow rice on a large
scale.
Imperial Valley press., 1935-03-23

On his way back to America
after research in the Antarctic
since 1888, Rear Admiral Rich
ard e. Byrd, above, intimated to
questioners that he was not
averse to taking another fling in
the future at exploration in the
far southern wastes. His wife
made the long trip to New zea-
land to accompany him home.
Imperial Valley press., 1935-03-23
SOUNDS CALL
To ACTION BY
REPUBLICANS
Continued from Page u

has dictated and limited the pro-
duction of our industries, increas-
ing the costs and prices of their
products with inevitable decreased
consumption.
"Monopolistic practices have been
organized OH a gigantic scale. Small
businessmen have been disabled or
crushed. Class conflicts have been
created and embittered. The gov
ernment has gone into business in
competition with its citizens. Citi-
zens nave been coerced, threaten
ed and penalized for otfenSes un-
known to all our concepts of lib
erty. The courts are proclaiming
repeated violations of the constitu-
ton"
He said it was the duty of the
Republican party to offer the op-
portunity to change these policies.
THE present conception of ma
tional economy based upon scarcity
must In all common sense be re-
versed to an economy based upon
production, or workman, farmer and
businessman alike are defeated"
ITO the young men and women
he concluded, sit is vital that their
opportunity in life shall be pre-
served; that the frontiers of initia-
tive and enterprise shall not be
closed; that their future shall not
be burdened by unbearable debt
for our follies; that their lives and
opportunities shall not be circum-
scribed and limited"
Imperial Valley press., 1935-03-23
Wisconsin Man
Makes His Oun
Canned Music

CLEAR LAKE, Wis, March %.
U.P)-A three-tined pitchfork, a
milk can, and piece OF wire COM
bined with chance recently in the
hands OF George Hines to create
a new instrument for producing
rustic melody.
Hines, while mending farm ma
chinery, frightened a piece of wire
over a milk can with a three tined
pitchfork. He happened to touch
the wire and was pleased with the
musical sound it made.
Experiments resulted in the fol-
lowing arrangement, on which he
has applied for a patent: One end
of wire is attached to the fork
handle, the other end to the mid
die tine. The fork handle is insert
ed in slot in the bottom of the
can to keep it from sliding. Hines
then fastenS one tine in a loop
attached to his chest. He draws
violin bow across the wire with
one hand while sliding a cigar box
up and down it with the other to
vary the tone.
Imperial Valley press., 1935-03-23

ideals and these hopes will be open
to those who strive.
ITO the young men and women,
it's vital that their opportunity in
life shall be preserved; that the
frontiers of initiative and enter
prise shall not be closed; that their
future shall not be burdened by un-
bearable debt for our follies; that
their lives and opportunities shall
not be circumscribed and limited;
that they shall have the right to
make their homes and careers and
achieve their own position in the
world.
There are host of problems to
solve if we attain these ideals; but
again I repeat, that the first con-
dition in their solution is orderly
individual liberty and responsible
constitutional government as op-
posed to un-American regimenta-
tion and bureaucratic domination.
yours faithfully,
Herbert Hoover"
Imperial Valley press., 1935-03-23
HOOVER LETTER SEEN AS BOLD
CHALLENGE TO ADMINISTRATION

ton of the foundations OF human
liberty
Enumerates Objectives
"5. 1t is we'll that we pause mo-
ment to consider the objectives we
wish to secure from the vast COM
plex of invisible governmental. eco
nomic and social forces which DOM
mate our civilization.
1.-THE objective of American life
must be to upbuild and protect the
family and the home, whether far
mer, worker or businessman. That
is the unit of American life. 1t is
the moral and spiritual as we'll as
the economic unit. With it's indie
pendence and security come the
spiritual blessings of the nation.
THE fundamental protection OF
these homes is the spirit as well as
the letter of the bill of rights, with
the supports from the framework
of the constitution. They must be
given peace with the world. There
must be confidence in the security
of the job, of the business, of the
savings which sustain these homes.
Increased standards of living, lei
sure and security can come to that
home through unshackling the pro-
ductive genius of our people. The
advancement of knowledge must be
translated into increasing htSlth
and education for the children.
There must be constantly improved
safeguards to the family from the
dislocations of economic life and old
age.
with the growth of great indus
trial forces we must continue to add
increasing projections from abuse
and exploitation. We must be liber-
al in reward to those who add
service, material or spiritual wealth
to these homes. Those deserve no
reward who do not contribute or
who gain from exploitation of
them. The windows of these homes
must be bright with hope. Their
doors must be opened outward to
initiative, enterprise, opportunity,
unbounded by RECOMMENDATION and So
cialism. Today there must be res
toration of faith. the removal of
fear and uncertainty that these