davidaulloa/AmericanStories huggingface dataset:
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1936-02-14

"For Colds - SoIicyIote
AIkoIine Medication"
That's what modern doctors say.
That's what Alka-Seltzer is. In
stead of being administered in
two disagreeable doses, Alka-Seltzer
furnishes this medication in one
pleasant drink.
IF you ever used anything more eff
fective then A1ka-Seltzer for Acid
Indigestion, Headache, Muscular,
Rheumatic and Sciatic Pains, we
viii refund the money you paid for
your first package.
Your druggist sells AIka-Seltzer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Gen. johnson Saws

VXTASHINGTON, May PROF Moley says that
w one great lack in government is proper
contact with business 1t is the greatest lack
Inc Department of Agriculture represents agri-
culture The Department of Labor halfway repre-
sents labor The Department of Commerce does not
represent business.
Cabinet departments political and service
UNITS Ihey can't always be representative Some
authorities think they ought not to be. Whether
they are or not depends whether the person at
the head Of each is representative of his subject
Only the Secretary of Agriculture happens to be-
The present bitter, snipng hostility between
government and business is pity shame and a
tragedy OF unnecessary mutual misunderstanding
and diStruSt. The blame rests about $3.50 on both
sides On the business side it rests on a small DOW
erful group Of die-hardS who determined from
the start that the ancient rules must be changed
and liberal government is not for U.S. They poisoned
cooperation by working at the hearts of the great
business associations. They afronted government
at every chance.
ON the government side there subordinates
" who regard profits a crime and property
as reproach. They harpooned business at every
opportunity.
The breach thus caused grew until it is a chasm
1t is bad for government, bad for business and
derous for the country.
There plenty Of the very foremost leaders
Of greatest industries who know that the es-
sential liberal aims of this Administration must be
achieved. If only such contacts could have been
kept, we could have gone forward without staging
a bloodess rebellion.
Copyright. 1885, by United Feature Syndicate Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

of crop control would get started
via the tobacco road.
NNE of the young elevator op~
- orators in the Senate Office
Building has sworn off wise crack
ing with passengers.
The otner day passenger re-
marked pleasantly, Funny weather
we are having, isn't it? see
there was SnoWstorm in Ohio
this week"
Without looking up the operator
replied, Eyes, and / suppose we'll
get it here next week. We al
ways get everything that Ohio
doesn't want"
The passenger burst into loud
guffaw. The operator turned,
found himself looking at Honest
VIC Donahey, Ex-Governor, now
Senator from Ohio.
WITHOUT benefit Of clergy,
w the Senate is galloping along
toward adjournment. Only twice
since Jan. Is has it called upon
the services of its chaplain, the
Rev. ZeBarney T. Phillips, to
open deliberations with prayer.
-. Joe Robinson, Democratic SEN
ate leader, always brings a lighted
cigar to the floor of the cham
Der, smokes it until the stroke of
noon, when the gavel falls. :.
Copyright, t9as, by United Feature
Syndicate, Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

TINE other fly, of course, is
i this. No matter how much
you make In the market, you do
not have profit until you wrap
up your winnings and get out of
the market. But, alas, if you
once win you WILL NEVER
STAY OUT.
Now let us see what has hap
pened to the market. For one
thing it started up a year ago
April, 1935-and has been rising
more or less perSiStently ever
since. That is extraordinary. Few
persistent rises have been so long
drawn-out.
In the next place the rise has
been heavy. 1t is interesting to
compare with the beginnings of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

the last great bull market in the
early days of Mr. Coolidge's Ad-
ministration.
There had been an unhealthy
upward sweep in business in 1922.
But all through 1923 business
moved down. But toward the
end of the year the stock market
moved up. There is story that
the late George F. Baker, sitting
in j. P. Morgan's Office at that
time, said to MIR. Morgan: Jack,
1 think the end of this depression
is here and that this is the time to
start buying"
A clerk from a large brokerage
house on Broadway was going into
the Office at the time and over
heard this. He rushed back to
his Office with the news and this
firm sent up buy bulletins which
set in motion the upward swing.
That was the beginning of the
most violent and craZiest bull
market in history and which end
ed in the worst crash in our his
tory.
NTOW let us see what progress
IN it made the first year. In
II months the market went from
83 to SO. These were the average
prices of SO leading stocks. Here
was rise of Is per cent.
But the present market started
at "a and last week was around, 1875.
While the Coolidge market rose
only Is points in it's first year, this
one rose Al points.
While the Coolidge bull market
in its first year went up Is per
cent, this one went up 48 per cent.
And the rise in industrial stocks,
taken by themselves, was even
larger.
Is this healthy? That is the
question which is being asked on
every side. And even in Wall
Street some brokers are wondering
just how long it will last and how
far it will go and what force will
drive it forward.
First let us compare it with
business. In April, 1885, the bust
ness index-a figure marking the
rate of business activity-Stood at
80. One year later it was 81. 1t
is around that figure now. There
is an increase of 1873 points or a
rise of 1876 per cent.
While the rate of business &C
tivity was rising 1876 per cent, the
stock market was soaring 48 per
cent. Why?
Let us compare the market with
employment. While factory en-
ployment was rising 5 per cent,
the market was rising 48 per cent.
Why?
While all manufacturing pro-
duction was going up about per
cent, the market was rising 48 per
cent. Why?
TT is, of course, difficult to make
i comparison with earnings.
Earnings have risen. But yields
are not yet at the point which
justifies the prices to which the
market has risen.
To sum it up, therefore, while
employment was rising per cent,
production Z per cent, business
activity 1876 per cent, the market
WIS soaring 48 per cent.
There can be no doubt that
certain corporations have enjoyed
a large increase in profits. And
that this would be a basis for
the present market upswing.
However, the rise in prices has
extended to corporations which
still enjoy no profits. Railroad
shares, for instance, have risen,
but the railroads still show
deficit.
OF course, stock prices are
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
washington Merry-Go-Round
DREW PEARSON and ROBERT S. ALLEN

NTASHINGTON, May 1.-The
w larger the benefits derived
from the New Deal, the louder
the walls OF big business anguish.
Witness the du Points, most
famous munitions, chemical and
motor manufacturers in America.
The names of Pierre, Lamont,
Irenee and other members of the
du Pont empire top all the list of
contributors to such New Deal
enemies as the Liberty League,
the Farmers Independence Coun-
Gil, the Southern Committee to
Uphold the Constitution, and SO
on.
Loudest complaint is that the
New Deal is hamstringing bust
ness. But recently the du Pont
Company issued to stockholders its
Quarterly Statement" as of
March 81, 1896. 1t contained these
figures, highly revelatory of the
improvement of the du Point for
tunes in the last year OF the
New Deal:
A total net income of SAITH
1872 for the first quarter of 1896 as
compared with $11,O96,l42 for the
first quarter of 1885.
Surplus of $213, 432, 051 on March
81, 1886, compared with $186, 022,-
1893 on March 81, 1885.
Note-Close friend of Franklin
Roosevelt Jr. (sorae reports have
them engaged), is Ethel du Pont,
an heiress to these millions.
=
A T his press conference a
"a newsman asked Secretary
Henry Morgenthau: How do
YOU explain the continued rise in
price of government bonds the
last few days? Is the Treasury
planning new bond issue?"
mo, but the explanation is
very simple" said Morgenthau,
with twinkle in his eye. After
the Presidents speech in Balti-
more the young people of the
country were so buoyed up with
confidence in the future that
they went out and invested in
government bonds"
Huh" grunted the reporter,
what have they been buying
them with, relief money!"
MOTION picture actors and
1V1 authors are stirring up a lot
of backfire against d-hunting
Congressman Charles Kramer
and his sedition bill, which would
put free speech back to the days
of A. Mitchell Palmer.
Those cunning for him include
GroLcho Marx, Irving Berlin,
Morris Ryskind and Oscar Ham
merstein II.
Out in his which in
cludes Hollywood-Kramer is
having q lot of difficulties, and it
looks as ii his political days were
numbered.
a THOUGH the Smith-Kerr
4 n Tobacco Control Act aroused
no great hullabaloo outside the
tobacco states. New Deal experts
consider 1t one Of the most inn
portant farm bills to pass Con-
Rress.
Thy think Ii ,nsy IT 5 pre1-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
HAPPY DAZE BACK-FOR WALL ST
Eyes Cast on Market as Stock Prices Soar Skncu1d
BY JOHN T. FLYNN
tcopyriehs 1880 by NEA service. In

NEW YORK, May WAL Street and Main Street are
getting their wires crossed again. At least it is
said Certainly theod stock market which has been sick
so long, shows signs of boiling The brokers
quite happy about it. The board rooms everywhere are
filling with customers. Some bankers pretend to be
very much disturbed by it. But in Washington the Admin
israon keeps very quiet and gives off the impression of
being secretly delighted this evidence of business &C
tvity and recovery.
The people who lost their shirts in 1929 to 1888 are
lingering the ticker again hoping that they may get back
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Times Books

MOST novels about postwar Russia describe
4yA either the heroism and triumph of the prole-
tarlat or the heroism and fight of the arstocrats
Avn Rand takes middle in her new
novel, I'VE the Living" Macmillan: $3.50 and tells
about the middle class folk who stayed in Russia
and tried to make go Of things after the reyolu-
ton had turned their world upside down.
IL makes tragic story, packed with significant
overfones for those vague dreamers who think that
revolution would be an interesting experience
For 1t makes clear the plain. brutal fact that.
In time OF revolutionary upheaval, the innocent
bystander is simply hattened out. Like some of
the bourgeoise in this novel, he may not care much
one way or the other which way the revolution
goes; he simply wants to live his own life and enjoy
such simple pleasures come bic way.
DUT this ne isn't permitted to do No one has
~ anything in particular against him: it's lust
that he occupies the field of fire. and the fighters
caut stop shooting on his account
AS far as he is concerned, the world goes in
sane. He suffers fearful things without even the
satisfaction OF knowing that he is suffering for
some cause" He's just in the way
I'VE the Living" is chiefly concerned with q
young middle class girl who tries desperately to
save one thing from the wreckage-her love for
middle class boy
crsishing her without knowing caring that it IL
crushing her. She doesn't deserve" her fate-and
that Is the whole point.
She Is q sacrifice the revolution didn't need and
couldn't AHold taking. (B. %
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

DUT would not give the impression that we are
- altogether isolated here and dependent solely
upon such messages as we can CLEAN from the bees
the birds and the flowers. Roosevelt came in verv
clearly the night of Jeferson's birthday In fact
this colony is situated psychologically like most of
the rest of the country in the manner in which we
are having minds made up for us about the COM
ing national election. We read about the candidates
in the newspapers and hear them over the radio
judgment will be passed upon the aspirants wholly
on the basis of the spoken and the written word
Some Of us go into town to the newsreels but as
rule the look of the leader plays great part in
the choice of the voters
II isn't such bad system at that. Warren Ca
maliel Harding looked more like statesman than
almost any other President 1 have ever seen. And
this magnificent stage presence of his had quite
lot to do with the unfortunate fact of his election
The race should have been decided upon ideas
Still, even the invisible candidate may pr&ject a
personality. We are not dealing wholly with dis
embodied factual issues. had not heard presi-
dental broadcast for time until tuned in on
the Jeffersonian dinner. The charm and skill of de-
livery remain and think that Roosevelt has been
wise in restricting his radio appearances. People
got tired of hearing Floyd Gibbons say Hello every
body" and MY friends" could grow irksome if in
sisted upon excessively.
But Mr.. Roosevelt has the knack of reading a
speech as If he talking it and also as if he
meant every word he delivered. His speeches don't
read so WELL because upon close examination you
find such a scarcity of detail The President thinks
would all be happier if wages were higher and
hours were shorter. doubt that anybody but the
Chamber of Commerce will fight him on that, but
it would be interesting to hear the method by which
these changes are to be brought about. Even Palo
Altos punning paragrapher indicates between wise
cracks, that he would prefer to see America rich
rather than poor.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

the wads they saw evapo-
rate a few years ago. If
you look at it on paper, it
seems easy enough.
Suppose, you say to yourself,
you had bought some General
Motors stock last year at q. It's
now 81. Or suppose you had
bought some Chrysler stock at 81.
The other day it was 1903.
To put it differently. suppose
you had $1,000. With that you
could have bought without strain
ing the market requirements IS
shares. They would cost $2015.
But you could put up $1,000 and
borrow the rest. In the last year
those IS shares rose from 81 to
1903, or from $20l5 to $685.. There's
a neat profit of $4,000. After you
had paid your commissioners both
ways and interest on the loan, ETC.,
you would have had around $4,000
clear profit. Pretty soft, Ell? And
all you would have had to do
would be to have $1,000, give the
order to your broker and wait for
the stock to rise, meantime, sit
ting around taking it easy or, per-
haps, working away-slaving at
your regular job for measly
$500 year. But why work when
it is SO easy to make money?
A LAS! there are just two flies
L n in this ointment. One of
them is this. If you had a thou
sand dollars a year ago, how do
you know you would have bought
Chrysler, instead of something
else? A lot of stocks went up.
But lot didn't go up and lot
went down.
Take American Sugar Refining,
for instance. That was SO. 1t
went up last year to II. But what
makes you think you would have
bought it at 50-the low? OF
course you wouldn't. The market
had begun it's upward march be-
fore the public was well aware of
it. Had you bought it probably it
would have been nearer II. And
then you would have seen it go
down to Sc. This, of course, is
where the outsiders-which means
almost all who play the market
get caught. They climb in or the
tail end of these rises just in time
for the descent. Here is list
of shares taken just out of the
stocks beginning with A-those
at the top of the list-which went
up and went down and the prices:
High for week Of
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
EhZnouh
WESTBRO0k PEGLER

NEW YORK, May 1.-The Postoffice De-
partment has outlawed several in
genious attempts to outsmart the law
against the sale of lottery tickets. So
presently the law itself will be attacked
again in Congress by statesmen who have
gathered great stacks of imported and domestic fig
ures attempting to show that the national govern
ment is paying at least billion dollars year for the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

Woru 10 go ana IN Wnat partlcu-
lar vegetable direction.
AS a matter of fact, the chief
crop in this section is newspaper
columns, operas, detective novels
and whimsical essays. From
half mile away 1 can hear
Deems Taylor picking out chords
on a clear night, and when the
wind is right the thump of West
brook Pegler's typewriter sounds
sturdily across the lake. My own
particular preoccupation is to lose
so pounds and get a new speech.
sOnly few days ago I made
my farewell address until the
foil Whop thu 1aovoc hooiy1 RI
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

edent for eventual state control
Of cotton, even corn and wheat.
What they are watching now is
whether the tobacco states CO.
operate. All the Smith Kerr bill
did was to give the states permits
sion to agree among themselves
to reduce acreage. Now-as
specified by the Supreme Court
when it knocked out the AAA-
actual acreage reduction is up to
the states.
State control of cotton produce
ton in years past has caused Bit
ter Wrangling and complete fail
ure. Each state wanted a larger
quota. Also there were nine cot
ton states.
HOWEVER, in the case of flue-
= cured tobacco (from which
clgarets are made) only four
states controI production-Vir-
ginia, Georgia, North and South
Carolina.
Thanks to aggressive Congress
man Thomas G. Burch, Virginia
already has passed a bill enabling
it to fix a tobacco quota. The
South Carolina Legislature is con-
sidering one. North Carolina may
call special session.
Anti-New Deal Gov. Gene Tai
madge will not cooperate, but
the growers of Georgia probably
will. It looks as if new means
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

1""OI O4 PIIIICIPIt. n UIIIIOH 4
year is the sum that used to be
mentioned as the amount which
the Treasury surely would receive
from the liquor business upon the
repeal of prohibition, and 1 feel a
little bashful about asking how
this years billion is coming along,
for, up to now, the boon of repeal
has not been apparent in the tax
bills. Moreover, the farmer who
was going to buy a new car and
new store clothes for the family
all around with the money which
he was going to receive for his
barley, hops and malt, thus start
ing q hannv circle of r,rocr,nr;t.-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

shares can be bought at one price
with the expectation of selling
them at a higher price little
later, then the real value of the
shares does not count.
The important thing, therefore,
is-what is the force which is
sending this market up? Is it
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

recovery in business? Is it the
fear of imitation? Is it manipu-
lation?
TOM ORR What has
brought the Wall Street Cock
Robin back to life?
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

based, not only on real values,
but on expectations-and imme-
date expectations at that. What
can we hope to see the shares
sell at in a day, a week, month
or two or six? That is the ques-
ton. If there is some force in
the market pushing it up so that
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
II Seems hM
BY
HEYWO0D.BRoU

STAMFORD, Conn.,, May IL believe this
across the way has hitched up his horse
and is blowing up one of his fields. Natur-
ally, | want to do my part in conserving
natural resources, but every spring l fall
into the same quandary about what to plant I do
not want to glut the market by raising corn and
wheat, and 1 sit idly by waiting for some official
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Millions Still Need Work

OUT the taxes have given perceptible relief and
II the great of bottle molders label printers
and stckers, cappers, statesmen truck drivers cork
designers cooperS bartenders and bouncers who were
to be returned to honest toll have made no impress
sion on the problem of unemployment
With the disappointment of repeal for a guide and
warning, however, it might be well to view with
sKeptlclsm the enthusiastic predictions of those who
would place lottery tickets on sale in every postocs
and substation if Congress only would say the word
The principle at stake hardly worth what it costs
II repeal OF the present lottery laws would bring in
a billion year or possibly two or three After all
we have lots of principles and we have sacrificed bet
ter ones for less
In France, where the lottery was great none
tary help TO an embarrassed treasury the draw was
conducted with great and remarkable dignity
Yet fraud crept in. The Germans and Italians have
lotteries, but the novelty wore off and people
nowadays either ignore them invest sparingy.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
No Chance to Win

THE Cuban lottery is familiar to all American
tourists and business visitors to the island but
persons of experience shun the tickets in belief
That Americans are not allowed to win under any
circumstances.
nave made more less merry at the expense
OF the consul general of the Irish Free State in New
York by citing the fact that the tickets on the
irish Sweep are peddled in this country with the
obvious connivance of his government contrary to
law
However, the Irish Sweep has a fine reputation
Tor honesty and prompt payment without discrim-
naton against the citizens of other countries and if
we must have one theirs would be model worth
investigating. Their trouble is that they can't
spend away the profits fast as they accrue Yet
Ireland, too, with the best sweep in the world is
not to be envied by the United States and suggest
that we ought to the lottery as the last baby
to be thrown to the wolves of adversely
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01
Trees and Men Are Just Alike

INDEED, think that Franklin D. Roosevelt's polit-
i ca speeches are too short. He furnishes an ex-
celent introduction, but stops just at the point where
listener at least always feels inclined to say $50
far good, but go with the story"
But I've got to stop, too, because man is cutting
branches off the big maple just outside my window.
I asked him why. THAT tree is almost 100 years
DID," he told me. when trees get old they have to
reduce" "Trees and men are just alike" he added
looking rather pontedly at me.
think the analogy could be carried too far. He's
just about to spray the maple to keep away tent
caterpillars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

seems to have looked to other sources for his
In certain respects repeal has been a beautiful
success, for the corner saloon is back in New York
and Chicago, with other saloons between the corners
and it is fine American privilege to screw the ton
OH square-face and drink defiance to the Anti
Saloon League in plain view of the police in Indian
apoliS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

fall and the agitating season comes round again
hope will have more numerous "heres" and quit
flock of additional there's" In addition l migf
even get few new columns.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

of crop control would get started
via the tobacco road.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

A LTHOUGH the Smith-Kerr
4 n Tobacco Control Act aroused
no great hullabaloo outside the
tobacco states, New Deal experts
it one OF the most i'm
portant farm bills to pass Con-
gxess.
I11er think II may III 8 urer-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-01

Fisheries form Aaskas industry nothing
OF the minerals hidden there Coal deposits
about 10 billion Gold
coast be worked ronab Besides industries $780,
900 worth q furE ere tsken n A1xko every yeaE