davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
PLANS FOR MERGER OF
3 OIL FIRMS REPORTED
Richfield, Pan-American, Rio
Grande May Consolidate.

Grande May Consolidate.
By United Press
LOS ANGELES, April 18.-Plans
for consolidation of Richfield Oil
Co. of California, n-American
Petroleum Corp. and Rio Grande
Oil Co. were disclosed today by at
torneys for Harry F. Sinclair, chair
man of the executive committee of
Consolidated Oil Corp.
The proposed consolida ton, now
being worked out by the New York
banking firm of Kuhn, Loeb and
Co., soon will be presented in Fed
eral court for approval.
The Sinclair statement did not
indicate what price would be Offered
for the Richf1eld properties, which
are being operated by Federal re-
ceiver. Federal Judge William P.
James recently set minimum sale
price of $29,655,510. Sinclair pre-
viously refused to bid on the proper
ties at that price.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18

This is not the point I wish to
make. The point of Importance is
this-is 1t not a wholly proper
thing that the stockholders of cor
porations and the investing public
as a whole should know what these
insiders are doing?
IN the past they could never know.
- II they know now at least in
some measure, it is because the
Stock Exchange Act compels them
to make public to some extent their
operations in the shares of the cor
porations which they manage. The
incident presents a whole issue now
so bitterly argued-the issue be-
tween publicity for the acts of men
In positions of large responsibility,
whether public or private, and
privacy.
For many years-in fact through
out most of the life of the present
capitalist system-privacy in the
ownership of property was almost
unknown. Up to so years ago most
OF the business was owned by I'M
incorporated persons. You knew
who owned the stores and the fac
tories. Their names appeared over
the doors. You knew who was
responsible for their acts.
Won EOou uynn ou,,,oI raoI
which was the great form of in
vestment, as stocks are now. The
assessment rolls showed every piece
of property and the name of the
man who owned it. Any citizen
might go there and learn how much
land and houses any man owned.
We knew how much land he owned
and what business he owned.
DUT in the last so years things
- are now owned, not so much
by men, as by corporations. And
who owns the corporations no one
knows. And what the men who
control the corporations are doing
behind their corporate mask no
one knows.
The corporation executive is in
a sense a quasi-public official. He
represents a great constituency.
The Mayor of town may repre-
sent a hundred thousand voters.
The president of a corporation is
elected by a hundred thousand
stockholders. The same kind of
ethics should govern both men.
The power of the public official
to use his office for his enrich
ment and other purposes is great.
The power of the corporation of
fetal to use his office for his gain
is great. The best regulation of
the public official is publicity. He
is subjected to it vigorously.
Reporters call on him daily and
ask him the most direct and
searching questions. Opposition
newspapers look into his every act.
The law forces publicity. This pub
Lefty beating on the public official
is the greatest of all regulators.
1t is greatest regulator in the
case of business.
Copyright. 1896. NEA Service, Inc)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
Trends
Greatest Regulator
of Business Is
Publicity.
by JOHN T. FLYNN

NEW YORK, April 18.-An in
- teresting scrap of information
comes to us out of the very prosaic
tables of reports from the Secur-
tiles and Exchange Commission. 1t
is this:
The stock market has been going
up merrily. The number OF shares
bought and sold has increased
greatly. Somebody has been buying
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
REPORTS NET ASSETS

Itmes Spectdt
NEW YORK. April 18.-The Tri-
Continental Corp. today reported
net assets as of March 81 at s53,-
571,058, equivalent 70 sl96.81 a share
of preferred stock and s10.34 a share
Of common stock outstanding.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18

stocks. But the
executives and
directors bet
ter known as
t h e insiders
have been SELL
ing them. That
is worth pom
dering.
Whether they
are wise to be
unloading now
or whether the
wisdom is on
the side of the
more or less un-
informed and,
in many cases,
quite ignorant
outsiders W h o
are buying, re-
m aims IN ha caap
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
Local Securities

(By Indianapolis Bond and Share Corp
The following quotations do not repre-
sent actual bids or offerings. but merely
indicate the approximate market level
based on buying and selling inquiries or
recent transactions.
BONDS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
N. Y.BANKS BUY
COLD IN LONDON
OPEN MARKETS
First Shipment Bought for
Profit Arrives on
Aquitania.
BY VINCENT LYONS
Times Special Writer

NEW YORK, April 18.-With gold
in the LONDON open markets selling
at a point where it is profitable to
buy the metal there and ship it to
the United States for sale to the
United States Treasury at S35 an
ounce, London to-New York gold
movement apparently was under
way today.
Indication of this came when the
S. S. Aquitania arrived here this
week with II boxes of bar gold, six
of which, aggregating approximately
$685. 56, were consigned to the Irv-
ing Trust Co., which acted as an
agent in the transaction. j. P. Nor
gan 81 Co. was designated as con-
signee for the other six boxes.
An air of mystery, however, sur
rounded the receipt of the metal,
which is the first to be received from
England since January. In some
quarters it was stated that the gold
might have originated in India and
trans-shipped to New York to take
advantage of the higher price pre-
Valling in this country.
London Price Low
Circumstances of the transactions,
however, were accepted in other
quarters as an indication that the
shipment represented a bonaflds
movement of gold directly from
England.
A flow of gold from London to
New York is made possible by the
prevailing low dollar equivalent of
gold in the English market, a nat
ural result of the British Exchange
Equalization Funds extensive sales
OF sterling and purchases of French
francs in an effort to support the
French currency.
On April 8, the day on which the
Aquitania left Southampton, the
London open market price of gold
was 140 shillings, 10 pence.
Bankers Expect More
Based on the British pound sterling
value at the time of the gold price
fixing, the dollar equivalent was
$34.841s cents an ounce, or a gross
profit to the shipper of 151s cents
on each ounce shipped for sale to
the American Treasury at it's
statutory price of $35 an ounce.
Inquiries in banking quarters
elected the information that
further shipments of gold from
London to these shores are con-
templated. Since the Aquitania left
England the gold price abroad has
fallen lower, increasing the at
tractiveness of plans to send gold
here.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
LOCAL CASH MARKET

City grain elevators are paying 95 cents
for No. soft wheat. other grades on
their merits. Cash corn new No. yellow
4S cents and oats Is cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
CHICAGO FAIR
CLOSES BOOKS
With SURPLUS
S276,084 to Be Distributed
Among Various Civic
Organizations.
Times Special


CHICAGO, April 18.-After hav-
ing created minimum of 500, O0O,-
900 business in Chicago, A Century
of Progress Exposition wound up its
affairs with $276,084 surplus, divis-
ible among various civic organiza-
tons, it is revealed in the report OF
Rufus c. Dawes, its president, and
released this week.
The exposition itself disbursed
S18, S32, 625 as administrative and
operating expenses; $13,719,164 of
construction costs, and $9,724,200 for
repayment of its gold notes. In ad-
dition concessionaires and exhibitors
disbursed an additional $57, 800, 0OO
as construction, installation, and
operating costs.
On March /, 1886, A Century OF
Progress had total assets of $278, 1863
including cash of $142,736, receiv-
ables of $10,533, and $125,OOO de-
posted with the Chicago Park Dis
trict, compared with liabilities OF
$2,185, leaving net balance Of
$276,084, Mr.. Dawes reported.
Obligations Fulfilled
All obligations of the exposition
to the Chicago Park District wisH
respect to demolition of the build
ings, restoration of the premises
and complying with the park
ordinances have been fulfilled, he
explained, adding that two classes
of claims still remain, those for
personal injury and those from
operations of the exposition not
covered by insurance. The personal
injury claims were covered and are
being handled by the insurance
companies, Mr.. Dawes added.
When the exposition was estab-
lished as a non-proflt organization
provision was made for the posi-
bility of surplus resulting from its
operations, Mr.. Dawes explained
agreements being made to compen-
safe various civic organizations for
their assistance in making the ex-
position a success.
Under the terms of such agree
ments, the Chicago Park District
will receive Is per cent of the sur
plus; the Museum of Science and
Industry, founded by julius Rosen-
valid, Is per cent; the Art Institute
of Chicago 20 per cent, and the
Adler Planetarium 10 per cent. The
Yerkes Observatory also will par
ticipate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
Chicago Stocks

(Reprinted From Late Times Yesterday
lRY Atkins Hamill &, Catesl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18
Crude Rubber Consumption Rises

/ March crude rubber consumption by munufdc-
tuers in the United States is estimated at 42,70S long
TONS against 40 tons for February or an increase Of
16.2 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18

SHEEP AND LAMBS
Receipts. 800
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-18

This is not the point wish to
make. The point of Importance is
this-is 1t not a wholly proper
thing that the stockholders of cor
porations and the investing public
as a whole should know what these
insiders are doing?
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

| lively. Among those who had not
been to town for sometime were;
Richard Paulsen, John Egland and
Olaf Tom.
The Farmers Cooperative truck
has been running to within a mile
or two of Dagmar and then con-
Meeting with the Dagmar unit by
means of a team and sled from
there.
Fred Groskurth arrived home
from the CCC camp Saturday for
a short visit.
Alfred Jensen left for Fort
Peck Saturday afternoon where he
has secured employment.
Mrs. M. Petersen was Plenty
wood visitor between trains Sat-
urday and reports that her mother
Mrs. Olsen is improving nicely at
the hospital there.
Wilbur Allen was taken to the
Plentywood hospital Sunday with
severe attack of flu.
Mrs. Bystad returned to her
home by train Monday afternoon
after spending a week at the home
OF her daughter Mrs. Dewey
Christensen here.
c. Hole, Erik Lyngas, Geo.
Lund and M. Eisness attended the
Walton League Banquet in Plenty
wood Sunday.
Norma Peterson spent the week
end with her parents here. She is
employed in the county agents Of
flee in Plentywood.
Miss Agnes Jensen of Dagmar
is taking care of the Jacobsen
family during the illness of Mrs.
Jacobsen.
The Senior Al Club held a
meeting at the schoolhouse Mon
day evening. Evelyn Viler and
Agnes Espelund were hostesses.
The Junior All Club under the
leadership of Miss Groskurth met
at the Aage Jacobsen home Mon
day evening. The hostesses were
Norma Christensen and Eunice
Rorvig.
Agnes Jensen was a brentwood |
visitor between trains Tuesday.
The Senior All Club Girls are
sponsoring dance here Saturday
night, Feb. 20.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28
IT ALL DEPENDS
WHO WANTS EN-

ST. PAUL, Minn.-The Federal
statutory court of the northern
district Of Minnesota, issued an
injunction against Gov. Olson
Mayor Latimer of Minneapolis
and Adj.Gen. Walsh restrainino
C cl1 from using the national
guard to close the Strutwear knit
Clng plant. The troops had been
Withdrawn two weeks before The
The court held that troops had
no right to close private business
Joseph M. Jacobs, counsel for
the labor defense COMMITTEES
pointed out that the contrast he
tween this decision and the Je
cIsIOn of similar court in the
1erre Haute situation. In the
latter, the court said that IL
could not inquire into the right
OF the governor to declare mar.
tIal law while the decision ~ C.
Paul ia was directly contrary. at
all depends on who asks for an
injunction. In one case Won have
the Strutwear Company and in
the other a union member" JAG
The very fact that the iniunc.
~ was issued two weeks offer
Vhe troops had been Withdrew,
ana after a request was made ths+
the suit be dropped indicates t fI,et
i is a vicious attempt on the mart mari
oI the courts to set a precedent
Tor future cases rather than adm
1lcate the case before Them -
Jacobs asserted. i'
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

Miss Erna Kazeck who has been
quite i'll with the flu, is much i'm
proved and spent the week end at
the parental, Art Kazeck, home.
Pat Greff was an Archer visit
or Monday.
Robot Cook is working at the
j. M. Whitish home.
Miss E. E. Kazeck called at Joe
Whitish's Sunday.
~, Ed: Boelens called at Harry
Whitish's and frankie Barge's
Sunday.
Mr.. and Mrs. Robert Cook were
entertained for a couple of DAYS
at the A. Kazeck home, last week
Donna, Ruth and Floella Kaz-
eek called on Mrs. L. E. Boelens
Sunday.
Jack Barge was in Archer
Thursday.
Ben Schlag was a pleasant cal
Ter at Ed. Boelens Thursday.
Geo. Smith was at H. A. Whit
lshes, Saturday.
Mrs. Robert Cook is visiting at
the Joe Whitish home.
Fifty-two below zero in this vi
entity last week.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28
RELIEF CLIENTS TO
RECEIVE CLOTHING

Relief clients, WPA client.
F Kural Resettlement client IieTltoS ana
hereby notified that At fiif fbis ar, are
garoan,fss an adequate supply Of
bbIIeSSes, pajamas, night --l gowng
Local 0iT TpI;a and slips on hand 9 At the
t ~ 1oi reHef office for digtri51G+;;nn'es
r " relief clients, Rural 9Pf aSottlSDan
F nenS and WPA clients w fb.eSG S
TO, FOR the month Of M NIa u more.
anticipated that roI III dnarcn it is
,";SI canned beef and S E5os' ory
vii be available as an Fo Jlled milk
plus Commodity. " q FEDERAL Sur
E. J. PRENDERGAsT
Administrator
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28
The GrasshOpper Situation s
By GONIUs LAURsEN

The following letters are almost
self-explanatory.
Thinking that getting rid Of
grasshOppers would be part of our
County Agents work, I wrote him
about the situation. After receiv-
ing his reply I realized my mis-
take. Knowing that our county
hasn't much money to spend on
grasshopper poison, as he suggest
ed, and that after waiting until If
proves that the weather doesn't
kill the grasshoppers, then it will
be too late to get help from other
sources. So l wrote Senator
Wheeler. His letter of Jan. 81 was
his reply to my first letter. I wrote
again and wanted to know Just
what he was doing about it, if
anything at all. His letter of Feb.
10, is his reply. His incIosed letter
from the Secretary of Agriculture
states that Sheridan county can
expect plenty grasshoppers, bat
there is poison available if some
one makes it their business to
have it shipped here. l suppose
that it the County Commissioners
job. I am asking them not to for
get this until it is too late. How
about it County Commissioners?
Our county agent says he doubts
that spreading this poison can be
done by WPA workers, as this
stops March Is. But surely it must
be continued all summer or else
something to take it's place. IF not,
then the sooner we know this the
better it is, as we cannot permit
the stopping of relief at that date.
Other papers please copy.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

Mrs. Elmer Denzer returned
from Browntown last Thursday.
Mr.. and Mrs. Petersen arrived
by train from the coast Thursday
and continued on to Dagmar to
visit among friends and relatives.
Mrs. Petersen was the former
Miss Knudsen Of Dagmar.
With a let-up in the severe
weather last Thursday, a number
OF people living out Of town, broke
through and made business quite
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28
PORTRAIT OFIlr
SENATOR WALSH
TO BE PURCHII5

;. A committee CONSISTING !,
liam Scallon, Cedor ' B, 4yoS q
Lewis Penwell, appoint r.i' I.
the funds to purchase ,s'i t5s !, y.
Of the late Senator T M @
Walsh, which was n rirr,5'
Eben F. Commins Of H Wa,SS.
D. c. has raised raised t Soai \
sary funds. A total Of S N
been received by the U1 1ir'i
and Trust Company, tmTa
the fund. Arrangements f,r
turning over to the State ~ h
portrait will be announced N \
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

STOMACH ULCER, GAS RI
INDIGESTION victims, Vh
Der? For quick relief get ]
sample of Udga, a doctors
sample of Udga, a doctatI
scription, at MilIer's Phg
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

WaShinu
Hon. Hon.. Burton <. FSsSepeS
I'M United States - SV Wheels "
Dear Senator: 'snate.
eG50S 41s;,, a conn III iss2paq
calling attentiOO1d Resers
per E, situation, 6a, . The ~
tfeStation in Some clre sgrass5sS.
tana will pr oSilIg pGrtoa \,
year, with ps 9rGly be sS..
d deSSe occur .rfiularly b,
county, the con ntEs il NJ
r opondy generally aro
that a F ede s6e last w.
Is nc not considered ' Oa5So q
Of There tSa s still rema EiSs' !
been purchased '[fs FRA Mil
% G9ntrol under F 5eF gl'ai
There is now on Ibs sO51 a
1 q s% all, quantity Of a. n y
S Snd soSda under 9.: F + t@1' /.
chased last year pa TiiI5'asl
T ana partly partly. with Fe3.,%.a
for gr 1i5ssf[5aI will be N
It's distribution T TitIigol i il
99oo yI will be 'Il ns5. 'A'
3 fo'a,t agencies and We ' .,
1olc!' whether any v a ~ Il
terial is in storage p q S1
county. % III Shs
Sincersv.
v. R. SISI
Acting Spr.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28
LETTER FROM
PETERSON

LETTER FROM
! PETERSON
January 10, 1895
Mr.. Gonius Laursen
Reserve, Montana
Dear Mr.. Laursen:
The grasshopper egg survey of
last fall shows that there was con-
siderable increase in eggs laid.
This will mean that some control
measures will be necessary. AS
far as a WPA project for this, |
believe that would be doubtful
since that work ends March 18th.
AS far as furnishing the grass
hopper bait, the county might,
through its insect fund, be able
to provide some assistance in pro
viding the bait. This would prob
ably not be sufficient however.
for a thorough campaign.
The possibilities are that nat
ural conditions such as a cool
spring rainfall will aid consider
ably in controlling the grasshop-
pers. The situation will have to
be watched closely before any
oe1lnlte action can be taken.
Very truly yours,
M. j. PETERSON,
County Extension Agent,
Sheridan County
-
LETTER FROM SENATOR
WHEELER
Washington, d. G..
M January q, 1896
Reserve, Montana
My dear Mr.. Laursen:
L have your letter of January
~ caillng my attention to the
Heed Tor eliminating grasshoppers
TINS year. l appreciate the havoc
Chat grasshoppers cause to the
crops and want to assure Won
tnat l am anxious to do what !
can to help in this matter. I am
giving this matter my Immediate
With best wishes and ASSURING
you that I am always Glad f0 |
800. rom you on any matters of |
interest to you, I am
Cordially yours,
B.. K. WHEELER.
SIS
SECOND LETTER
FROM WHEELER
Washington, D. C.
Gonlus Laursen. " A'o0
reserve, Montana.
Wy dear Mr.. Laursen.
am just in recent If vo,,r
9C1er OF January 28th relative to
ne grasshopper situation which 7
ave ave noTed. Upon receipt of vour
liner, o;tI letter, took the inter I'D
Win the Department of Agric1I-
.Ile ana am in receipt of the en-
,losed letter which is seIf-exnIa-
latory. You will note that tbaro
eLnalns in Montana bait materials
,'@ 1ooo Tor grasshopper control
+ !; 1870 and that such materials IS
As sI5 by the State agencies enc s
~ wouIo suggest that your county
'eC IN touch with the state ooercy
this matter. Tf 7 o c9n ~
al ! l ,,ro,. r service, feel free to
With best wishes, I am
b. K. WHEELER.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28
lisa GREATS SYSTEM
By John Paine

tie speech about the leisure class,
what this country needs is a good
sc maid.
Morgan is reported to have said
he enjoyed the munitions investi-
cation hearings.
Well some people always do rel
ish making fools of themselves.
From the way the Morgan part
ners all stick together on the wit
ness chair, it's apparent that the
banking houses slogan is: GA
house divided against itself can
not stand"
That Columbia University pro-
fessor who invented tooth de-
sensitizer has got himself a lot of
fame and credit.
But if he really wants to make
name for himself, he ought to
invent something to keep us i'm
mune from campaign speeches.
=
HO-Hum
One of the new members of the
Federal Reserve Board is named
Ransom.
The minister of religion in
Nazi Germany is reported to be
going away for a long vacation.
No wonder! A Job like that has
about as much future as the
driver of a horse car.
CHILD LABOR INCREASING
That recalls the old favorite:
'The golf links lie so near the mills
"That almost every day
THE little children at their work
"Can see the men at play"
Prosperity Note
Airplane views of the Grand
Canyon are growing steadily in
popularity, the Department of
the Interior cOnfides.
We're surprised the C. D. P.
hasn't yet called the midWinter
snOwstOrms and cold waves a
sOcialistic plot fOisted on the
people of this country by the
Roosevelt administration.
The weatherman doesn't seem
to realize this is America not
If things keep on the way
they're going in New JERSEY
they'll be getting Gov. Hoffman
In the electric chair and making
Hanptmann governor.
ASSAILS SCHEMES TO III
'lDE WEALTH-headline
Who? The Liberty League Of
purse. as
Call Out the Guardsl
showing of Charlie Chaplin's
new plcture-MOdern Times
Will give millions of Germans
their first opportunity in a lone
long time to laugh at a funny.
looking mustache.
Sir Oswald Mosley, English Fas- ]
ST. has been awarded damages of /
z cent for statements made bv a
r1t1sh union official about him {
Favor1tism! That's more than n
rs worth! '1iS'li +
=. Sen. Nye raps the New York c
lines for a story declaring the t
munitions committee will Give c
slate. d Cleah :
1t looks as though the Times :
aries only news that is fiji 70 Y
4 Member Born Every Minuta
John j. Raskob, General Mofo,,o
u - Liberty League bigshot. adj
lts ne got names of prospective
emDers for the league fro,,o :,
cker list! rum s
IT'S A GREAT SYSTEM,
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

LindOn Pfeiffer of RedstaI
a visitor to the county d
Monday.
The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1936-02-28

WANTED-To buy, three
work horses. Mons 0. BreA4
teelope, Mont. 7