davidaulloa/AmericanStories huggingface dataset:
La gaceta., 1936-07-21
NOTAS SOCIALES

La direction
del Club Omerta
Componen la direction del
Club Omerta, fundado recien-
temente en- esta ciudad, los ST.
guientes conocidos j6venes:
Abelardo Orihuela, presi-
dente; Manuel Cabrera, vice :
presidente; Georgia Garcia, Sc
cretaria; Margarita Fonseca,
vicesecretaria Mike Herman
DEE, tesorero; Amalia Suarez,
vice, y Frank Mateu Y Luis AL
varez, reporters.
Este Club Sc reunira todos
los viernes, a las 8 de la noche,
en- ell edificio de la Legion A
m~ericana, puesto Marcelo Con
5alez No. 70, en- la Gale Once.
Los j6venes de este Club
pueden contar con nosotros ell
10 que Sc refiere a fiestas cul-
turales y de recreo.
La gaceta., 1936-07-21
PLEITO DE LA COMPANIA
PA lAMOUNT CONTRA
SAMUEL OLDWYN

Les Angeles, Julio 21.-La
,ompahia de pelfculas Para
mount esta',leoi6 aver un ples:o
aontra Samuel Goldwyn, acusan
Go de haber seeretamen,e b.
RADIO un contra.o, "robando" a
a Paramount ell con ratio de Ga
ry Cooper. Demanda esa empire
So $4,000,O00 por los danos y
$1,000O0O como castigo.
Goldwyn indrio a Cooper a
no tirmar un nuevo contrato
con la Paramount, cuando las
negociacicnes para una removal
cion Sc iniciaron en- enero. Su
~preSente contrato expira en- di-
ciembre.
La gaceta., 1936-07-21
PLEITOS SOBRE LA WALT.
DEF DE UNOS BONOS

Ell juez Parks, de la corte del
circuto, paso aver a la corte
supreme ell litigio sobre la vail
DEE de los certificates munich
pales emitidos sobre un presta-
mo de la PWA.
AL disponer la elevation del
case, para ganar TEMPO, ell
juez atendi6 una solicitud del
letrado Rafael Marsicano, asis-
5ente consultor del ayuntamien-
to.
La apelaci6n Sc presentara
a nombre de James E. Roach,
un contribuyente, que desea la
anulaci6n de esos certificates.
La gaceta., 1936-07-21

Ell Terraplen Davis, que une
a esta ciudad con la playa de
Clearwater ',acortando conside-
'ablemente la distancia para
convenience de tOdos nuestros
elementos sociales, por medic de
un aviso que publica en- estas
columnas concede una bonifica-
ci6n de cinco centavos por cada
autom6vil con dos pasajeros o
mas.
La direction del Terraplen
busca cOmplacer pOr todos los
medios al pGblico latino, uno de
sus mayores contribuyentes.
Muchos exitos desNamos a es-
"a empresa, que tan compenetra
da Sc halla con nuestra colonia.
La gaceta., 1936-07-21
RECOGIDO Ell
DE UN

Cerca de Beach Park fue ex-
traido aver del aqua ell cadaver
de Edward Traynor, de As a.
nor, veterano de la guerra nun
dial, que pereciera ell pasado do
mingo.
Traynor habfa llegado a esta
ciudad, procedente de Tennes-
see, haze pocos dias.
ST. desaparici6n Sc motto ell do
mingo, a las tres de la tarde,
dandose cuenta a las autorida-
des.
La gaceta., 1936-07-21
PERECIO Ell GENERAL DON
JOSE SANJURJO

Madrid, Julio 21.-Al vol =
carse una aviOneta que pilotea
ba ell aviador Ansaldo, perdi6
la vida 81 general Don Jose
SanjurjO, cabecilIa de una re-
belion anterior contra la Re-
pIblica, cuandO Sanjurjo era
jefe de la guarnici6n en- Sew :
liza.
FL cadaver de SanjurjO Sc
halla tendido en- Estoril, donde
recibira sepuitura.
La gaceta., 1936-07-21
La Secci6n Juvenil

AA
FL venidero microbes, dfa
%, Sc reunira la Secci6n Juve-
nil de los Caballeros Leales DE-
America.
En- esta tenida Sc dara ei
grade a varios aspirantes.
La secretaria, Maria Coma
lez, amablemente nos 10 comu-
MICA v pide asista ell mayor n1-
nero possible de miembros.
Realiza la Secci6n Juvenil
de esta Logia admirables ira :
bajos, respaldada por Ell cuer-
DO director.
La gaceta., 1936-07-21
Logia CaballerOs LeaIes

A0R
lie avisamos al Sr. Rafael
Cosio, secretario de los Caba-
lleros Leales de America, que
las citaciones de junta, como
las que nos remite ell dfa 20, no
correspondent a esta secci6n.
Notas de esa clase deben ser
enviadas al director, no al GRO
nista social.
Los Caballeros Leales cele :
braran ell microbes, dia %,
junta general trimestral y de
balance correspondence al Ill
La gaceta., 1936-07-21

POR LOS HOMBRES DEL
SHERIFF

Por jugar al prohibido los di-
putados del sheriff arrestaron
aver a Jose Gonzalez, del 1902
de la avenida Dose, Pierce Long
y Benjamin Coffee, negros los
dos GIeimos. Quedaron en- liber-
tad bajo fianza.
Durante Ell dfa del domingo
los dipu.ados arrestaron a Is
jugadores, entire ellos Domenico
Martina, de la Gale rs, y Boy
Wylie, de lago Thonotossassa.
La gaceta., 1936-07-21
GUEZ t ell CON.
CEJAL Raglan

A pe.icion de los diputados
del sheri& Mcleod Ell juez del
'ccndado, Sr. Cornelius, firm6
aver una orden de anestO, por
ambriaguez, contra ell CONCEAL
Reagan, de Seminole Heights.
RI an, segGn Sc dice, tiene
una emOriaguez pendenciera y
pruebas de clio di6 la oSra no
che en- Ell salon de bale Grey
La gaceta., 1936-07-21
BARCO FRANCES
PARA TANGER

Rabat, Marruecos frances, Ju
lilo 21.-Sali6 hoy de Casablan-
ca ell destructor frances Tempe
tie, que Sc dirige a Tanger.
Este buque ejercera vigilan-
cia en- la bahia mientras dure la
rebellion en- ell Marruecos espa-
La gaceta., 1936-07-21
Reunion en- Ell
Centre Espahol

Una importante reunion de
secciones tendra lugar esta mo-
che en- ell edificio del Centre Es-
panel de Ybor City.
Concurriran los miembros del
executive de cada secci6n y Sc
tratara de los preparativos de Ia
gran fiesta de noviembre en- ell
! palacio de West Tampa.
Daremos a conocer los acuer-
dos de Importance que Sc to-
men.
La gaceta., 1936-07-21
Conclusion

~ escupi6 a la cara de un
suboficial.
"Orden6:
Ell laigo para esta! Y
degput'' d;iaila correr.
"Dos hcmbres Sc echan So
bre ella; quiere morderles; Sc
lie sujeta, Sc lie acuesta en- el
patio v luego Sc lie azota hasta
que nc oreda un lugar bianco
en- la espalda.
'-Esa 70 escupira mas SO
bre los suboficiales. Quedara
bocs abajo durante tres sema-
mas al menos-dice ell ayudan-
te Hermann"
Al escribir sobre ell terror
fascis.a en- Alemania, me vie
men a la mente muchos recuer
dos dolorosos. Revive la ira
gedia del proletariado Y de las
vanguardias polfticas Y socia-
les de mi pals: Italia. ST hubie-
Sc de ordenar los episodes de
terror fascista de los cuales
fueron vfctimas mujeres tia
lianas, tendrfa que llenar mu-
chas paginas. Me limito, una
vez mas, a algunos ejemplos
tfpicos.
En- MARIO de 1921, en- Flo
rencia, una mujer Maria AS
tri), mientras daba ell pecho a
su hijo en- la puerta de su ca
sa fue asesinada por fascistas
a quienes habfa dirigido "pa-
labras injuriosas''. En- enero
de 1923 una escuadra fascista
aterrorizaba Rendinaza, aldea
de los Abruzzos. Una muier
(Rosa Ricci) fue a la sede del
faScio a buscar a su marido.
que habia capturado por los
f~ascistas y estaba fugitive. Ali
tue victima de injurias Y de
violencias. En- presencia de mu
chas personals Sc intent6 vio-
larla; luego, para castigarla
por sus resistencias, sc lie a.
rrancaron pelos de los 6rganos
genitales y Sc lie oblig6 a bebeI
un menjurje compuesto de orr
ma, ~petr6leo, aceite de ricino,
tabaco masticado, saliva. En-
aquel mismo mes, en- Rovison-
doll, una mujer es forzada a
someterse a los apetitos sexua
les de una veintena de fascis-
tas; y este ante la vista del pro
Ipio maridO. En- septiembre de
1925 ell abogado Console es a.
sesinado en- Florencia en- su le-
Icho, en- presencia de la mujer
y de una nina. La primera en-
loqueci6 Y la ssegunda sufri6
un choque nervioso que la tuvo
mala durante amos enteros. Y
en- los mismOs dfas y en- la mis-
ma ciudad era muerto en- su le-
cho y a la vista de su mujer ell
diputado socialista PLAT, mutt
lado de la guerra. En- septiem-
bre de 1926, en- Bolonia, un obre
70 (Amadeo Faustini) era apa-
leadO mortalmente en- presencia
de su anciana madre.
De estos episodes esta lena
la historic del terror fascista en-
La gaceta., 1936-07-21

timo trimestre del ano fiscal.
va saben nuestros lectores
que los Caballeros Leales real
IAN una obra digna de TODD
elogio y que gastan cast TODD
10 que recaudan en- ayudar a
sus miembros en- desgracia.
La gaceta., 1936-07-21

bound, de la Gale % Y avenida
Weir.
Jurto con Ell CONCEAL fue de-
tsnido Elmer Gable, exemplea-
do del departamento de sanidad,
quien hizo varios disparos So
hre un ciudadano. Tam Whita-
ker deficnde a los acUsadcs.
La gaceta., 1936-07-21
Otra fiesta en-
ell Circulo

Sc verificara ell dfa 10 de A.
gosto, como hemos anunciado,
otro bale en- ell palacio del
Circulo Cubano.
Para atraer a la juventud
bailadora Sc ha fijado ell pre-
clio de rs centavos por perso-
ma.
Tocara la orquesta de don
Francisco" en- la planta alta,
Y LOS Bohemios' en- la baja.
La gaceta., 1936-07-21
"a fiesta del Hetairea

La fiesta del Hetairea
Ell dia rs Sc efectuara en- eli
Auditorio Municipal la fiesta
del Club Hetairea. Els ell tan a
nunciado Barn Dance"
Tocara la orquesta de Don
Francisco, que ha %prometido
un programa extraordinaroo.
Evening star., 1936-11-15

DIN SAURS AGAIN
"ROAM" DAKOTA HILLS.
Here are two of eight life
size models of the giant pre-
historic animals to be placed
in a dinosaur park near
Rapid City, S. Oak.
CAP. Photo.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
RFC LEGALITY
is CHALLENGED
Stakeholder of DefunCt
dawes Bank Takes
Court Action.
Ru Tinted prpse

By United Press
CHICAGO, Feb. 8.-Constitution-
atty of the Federal act creating the
Reconstruction Finance Corp. was
challenged today by one of 5000
stockholders of the defunct Central
Republic Bank and Trust Co.-the
so-called Dawes bank"-who are
defendants in a suit for $40,
100000 double indemnity on their
stock by the RFC.
The suit, before Federal Judge
James H. Wilkerson, developed from
failure of the Central Republic to
repay in full the famous $4,000, 900
Dawes loan" approved by the RF'C
shortly after Charles G.. Dawes re-
signed as RFC board chairman to
head the Central Republic.
Attorney John E. Hughes, repre-
senting Ignaz Schwinn, defendant,
charged the RFC act as unconstitu-
tional because there is no provision
in the Constitution authorizing it,
and because it violates the Ninth
and Tenth Amendments which pro-
vide that powers not specifically CIV
en- to the Federal government are
reserved to the states.
Mr.. Hughes said that if the RFC
act was upheld, the Federal gov
eminent legally could purchase all
private business in the nation.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
HOG BREEDERS TO
END FARLEY TODAY
Livestock Men Wind Up
Local Congress.

The American Berkshire Con-
gress, which is being attended by
hog breeders from six states, is to
close today following sale of Berk-
shire soWS, gifts and boars in the
Noblesville Armory this afternoon.
L. E. Frost, Springfield, ILL.,, one
the pioneers in developing the Berk-
shire breed, at meeting in the
Claypool last night, said Holding
of congresses and sales has aided
in introducing breeds.
Scott Meiks, manager of the Pro-
ducers' Commission Association of
Indianapolis, said the day of the
gigantic hog is past and that the
best selling hogs should provide
plenty of lean meat, should mature
rapidly and weigh no more than
225 pounds.
Other speakers included Ralph w.
Poulton, manager of the Independ-
ent Milk Producers Association of
indianapolis; E. B. Moore, superin-
tendent of the swine department of
the Lilly farms near NobleSville;
Hal Royce, Clay County agricultural
agent, and G. w. Mitchell of SPRING
field, Ill, secretary of the American
Berkshire Record Association. E. j.
Barker of Thorntown, president of
the association, presided.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
TWO LOCAL BUSINESS
BUILDINGS ARE LEASED
Indianapolis Hosiery Co. Acquires
Space on S. Meridian-st.

Two downtown business buildings
located in the LOG and 200 block
S. Meridian-St have been leased
by indianapolis firms, according
to Edward Barker & Son, local
realtors. Both leases were made for
long terms.
A five-story and basement build
ing at the southwest corner of
Meridian and Georgia -stS has been
rented by the Indianapolis Hosiery
Co., now located at 257 S. Meridian
st, for term of five years. The
building, which is being remodeled,
is owned by the Mckee Realty Co.
Philip Kafoure, owner of the
Hosiery Co., said that alterations
would be completed soon.
A three~story and basement build
ing at lot S. Meridian-st has been
acquired by the State Wall Paper
and Paint Co. The company re-
Gently moved into the new quarters
from the building leased by the
Hosiery Co. The building is owned
by w. j. Holiday and Henry w.
Bennett, both of Indianapolis.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
TRADE PICKUP
IN CANADA TO
FOLLOW u. S.
Economic Recovery on Its
Way, But at Slower
Pace, Is Forecast.

Times Special
NEW YORK, Feb. 8.-The Domin-
ion of Canada may be expected to
follow the United States closely in
economic recovery over the coming
year, although at a somewhat slower
pace, a Standard Statistics survey
showed today.
The official Canadian index of
general business, just published,
shows an average of 99.7 for the
year 1885, compared with 93.5 in
1884, a gain of Sc per cent. Whole
sale and retail prices have risen Q
per cent and "a per cent and bank
debts actually declined from $32,-
100000 to S31, SOC, 100000 Life in
surance sales are likewise down, but
in the other hand there has been a
slight gain in bank deposits.
Trade Treaties to Help
In construction, according to
League of Nations figures, Canada
has made greater percentage gains
than most other countries, but still
stands close to the bottom of the list
in its comparison with 1929 levels.
The principal unfavorable factor
is that the increase in employment
has failed to keep pace with the in
crease in production, with relative
gains of So per cent for employment
and 17.6 per cent for production, in
December over a year earlier. Thus
far the dominion government has
taken no effective steps to meet this
situation.
The new year, however, presents
definitely improved prospects in
many lines and general betterment
in world trade, aided to some extent
by the new tariff arrangements.
should help to accelerate the rate
of Canadian recovery. The long
term trend in the dominion is upon
a more rapidly rising scale than that
in the United States, although 1886
prospects appear to be more favor
able here than in Canada.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
On Commission ROlU
tReprinted From Late Times Ycstert

Reprinted From Late Times Yesterday
Quotations below subject to change are
average wholesale prices being offered to
FRUITs-strawberries, Florida pint,
Howes, Eatmcres, 25-ib. box, ss25. Pears,
Washington Bose looeiSOs,. ss.a5; Cal csli,
fornia Avocado (203-24sl. $3.50 Grapes.
Extra Extra Fancy Emrors ts4,lb. sawdust
2c ss7 Persian me seed Msxcsn
Dates, Fresh Arizona, $50. Bananas.
seven hands. pound, SC. Apples, Delicious
fancy baskets, SITS; Jonathans. $50;
Texas seedess l54s-96si. $3.50 Arizona
sunkist lsosi s77s: Tangerines. Florida
Observation-Disclosures. California Cdoz.l.
thamperl. ss.2S. Beets. Texas Is doz.
sTSts SOt cut os SSu Brussels
bage. New York Dannish (so-lb. bag.
90c; New Texas (cratel. $3.50. Red cab
9sse dos O Crates sss ESQ., 0a Texss do1
California u2s crate(. Sis, Celery.
Florida washed and trimed tdozl, soc.a
Cucumbers, dollhouse ldoz). SITS; south
ern tbusheD. Sc. Egg Plant, Florida
,dozl, sl5o ., Kale Virginia lbasheD. GOO,
s3.25; home grown leaf lS-lh. baskets.
sll5. Endive, California gdozl, COS,
Peppers, manages (cratel. $3.50 peck bas-
ket, si.5o; tdozl. Soc Mint, dollhouse
tdoz,l. Use; Mushrooms pound. Soc.
.,Indiana, yellow, !5o-lb. bag; sl;s5: In
Spanish (30-lb. bagl, sl.65. Oyster plant.
home grown tdoz.l, 40c. Parsley, southern
tlong lunches doz.l, soc. Parsnips, home
grown washed ,busheli. 81; thalf bushen.
soc. Peas. Florida fhamperJ. So Pota-
toes. Michigan Round White t100-lb. bagl
si.7s; Maine Green Mountains tloo-lb,
bagl, $3.50; r. r. Early Ohios tl00-lb.
bsgl. sis5: r. r. Cobblers (io0-lb bagl
SITS: Idaho Russets lo0-lb. hagl. Sass:
Idaho bakers (70s boxl. So 40: Col Nc
Clures .1oo-lb. hagl. 50: New Texas Tri-
umphs t50-lh bagl. s2.l5. Sweet potatoes,
Indiana Jerseys els bushel. $l.50; mediums
,sushen, 81; Tennessee Nancy Halls
tbushel cratel. $3.50. Radishes, home
grown buttons fdoz.l, 4o@5oc; white. 4oc
Rhubarb, dollhouse tbunehl. soc. Ruta-
bagas. northern (so-lb. bagl CSC. Sage
fdozl, 45c. Shallots. Louisiana fdoz1
45c. Spinach. New Texas fbushell. l5c.
Turnips home grown washed bushen f,
sl.25. original Cuban l30-lb lugl. 81
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
BUSINESS FAILURES
DROP DURING WEEK
Dun & Bradstreet Reports Total at
220 for Last Period.


NEW YORK, Feb. 8.-The total
number of business failures in the
United States during the week end
ed Jan. 30 amounted to 220, COM
pared with 246 in the preceding
week, Dun & Bradstreet, Inc, an
nounced today.
The cumulative total for the sur
rent year to date is ITS. AS usual,
approximately two-thirds of the
failures appeared in the retail group.
Of the various trade groups, manu-
featuring insolvencies were slightly
below the average for the last five
weeks.
The lower trend also character
lied failures in the retail construc-
ton and commercial service groups,
the most notable decline appearing
among retailers. In the wholesale
division failures were slightly above
the average.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
BANK CLEARINGS RISE
SHARPLY DURING WEEK
Increase of 2O.5 Per Cent Shown
Over Same Period of 1885.
Times SnecinI

Times Special
NEW YORK, Feb. 8.-Total bank
clearings reported by % leading
cities in the United States for the
week ended Feb. amounted to
$5,912,328,000, the highest weekly
total since Jan. 8, Dun & Brad
street, Inc, announced today.
Compared with the same week
year ago when clearings aggregated
81 100000, the latest total showed
an increase of 20.5 per cent. In the
previous week the gain was only 80
per cent over the same period year
ago. Clearings in New York City
increased 22.2 per cent over the
same week of 1885.
The total for centers outside of
New York aggregated $1,878, 1886, 900,
an increase of III per cent from
last years total. Gains were re-
ported at all centers, with the ex-
ception of Cincinnati and Louis
vile. Substantial increases were
shown at Boston, Philadelphia,
Buffalo, Pittsburgh, Cleveland, De-
troit and Chicago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
u. S. SEEKS TO
GUIDE FLOW or
BANKING CREDIT
Prevention of Speculative
Stock Market Boom
Chief Objective.
PAGE IA
BY RICHARD L. GRTDLEY
United Press stan Correspondent

WASHINGTON, Feb. 8..-The Ad-
ministration sought through ex-
ercise of its wide banking powers
today to guide the flow of bank
credit into business channels rather
than into a speculative stock mar
ket boom.
While there have been indications
that the banks might soon begin to
take the lending load off the Shout
ders of the Federal government
the recent rise in security prices
has threatened to divert a part of
this loosened private credit into
security purchases.
The boom in stocks comes at a
time when Administration officials
we're hoping for transition from
Federal to private lending. Indlca-
lions that Federal lending was at
or near its peak came from Presl-
dent Roosevelt in an announcement
that lending authorizations of gov
eminent credit agencies would be
cut $1,O00,OOO,o0O.
Demands Slacken
Jesse H. Jones, chairman of the
Reconstruction Finance Corp, key
government lending agency, re-
vealed demands for Federal funds
we're slackening and that repay
ments of old loans to the RFC in
the fiscal year beginning July
would exceed new borrowings.
Greater willingness of banks to
lend money and a general loosening
OF credit as indicated by President
Roosevelt and Mr.. Jones comedies
with the formulation of a credit
control program by the new Board
of Governors of the Federal Reserve
System which took Office Feb. l.
There have been growing indica-
lions that both Federal government
and private banking leaders are
becoming concerned with the posi-
bllltles of a too rapid expansion of
credit which it is feared would lead
to an excessive boom and a result
ant collapse.
Margin Requirements Boosted
Accordingly, the new Federal Re-
serve Board has begun an ex-
haustive study into possible restric-
ton of bank and brokerage credit
to keep it out of speculative chan
nels. Stock market margin require
ments were raised Feb. l to the
highest levels ever put into effect
but the market has continued to
rise to the surprise of many Off
Gals. Now the board plans to re-
strict security loans by banks to
the same extent that it restricts
brokerage loans.
Other credit restriction powers of
the Reserve Board will be taken
up shortly. A seven member open
market committee takes Office
March l. and will study effects of
Reserve Bank government security
transactions on credit conditions. In
addition, the board as a means of
credit control may raise rediscount
rates and reserve requirements of
member banks.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
Receipts. 5000
TWO POSITIONS FILLED
Republic Steel Corp. Appoints New
Sales Representatives.
Times Special

7 THEbs 1SDbJTUT
CHICAGO, Feb. 1.-Two impor.
tant appointments were announced
today by the Republic Steel Corp
r. H. Sonnenborn, who has been
connected with the firm for 10 years
was appointed special sales repre-
sentative of the tubular division.
He is to establish headquarters
in Cleveland and be responsible to
N. j. Clarke, president in
charge of. sales. Charles w. East
was named district sales manager
for the corporation at Houston, Tex,
succeeding Robert E. Lanier, re-
signed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-08
requirements
HELP UPSWINC,
BANK DECLARES
Plant Modernization and
Housing Seen Making
Further Gains.

Tistes Special
NEW YORK, Feb. 8.-Probably
the chief reason for the improved
outlook in the capital goods indus
tries lies in the simple fact that
the existing plant and equipment
are no longer adequate, the Ma
tional City Bank of New York de-
clared in it's monthly bank letter
today.
This statement, the bank contin-
ueS, may seem surprising to some IN
view of the acknowledged existence
of much idle plant capacity in some
lines, and of the claim, oft repeated
in recent years, that business every
where was over developed and over
built. These latter assertions, it is
held, are invariably prevalent dur
ing periods of encouragement.
idle plant capacity is neither dis
tributed evenly among the indus
tries" the review continued, moi
does it represent modern up-to-date
equipment. Industry nowadays con-
stantly is finding newer and better
ways OF doing things, and the scrap
ping and replacement of obsolete
buildings and machinery with more
efficient facilities is quite as i'm
portant a part of the business Of
the country as the provision of add
ed nlant and euuipment,
Needs of Country Grow
Moreover the physical needs of
the country are growing continuous
ly, so that excess capacity, even
when temporarily existent, tends to
be rapidly eliminated.
1.-THE amount of new utility con-
struction, of course, will be nothing
like as great as it would be were the
companies not held down to bare
necessities by their anxieties over
the political situation. Ordinarily
the utilities tend to build ahead OF
the load, and, aside from the politi-
cal, many factors would indicate
this to be good policy at the present
time.
Railway Orders Large
Railroad orders in prospect are
said to be the largest since 1881, and
doubtless other types of equipment
and supplies also will be wanted in
large quantities. All this means in
creased support for the heavy indus
tries, including steel, where already
orders for rails and materials for
freight cars have helped sustain mill
operations at a time of lessened buy
ing by the automobile industry.
while building this year may not
measure up to the most sanguine
predictions, a substantial increase
seems assured. This would help
business in many lines, though its
effects should not be overestimated
Were building to double again this
year the total still would be only 81
per cent of the 1924-1928 average"