davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
BUILDING, LOAN
GROUPS CURB
DIP IN ASSETS
Institutions Show Definite
Break in Downward
Fiscal Trend.
Time Special

Times Special
CINCINNATI. Jan. 27.-Reports
from 81 of the savings, building and
loan associations in the country
above S5,000,000 in size show a def
mite halt in the downward trend of
assets which the business has noted
since 1881, and 18 of the group had
a net gain in assets during the last
six months amounting to Salts ,0O9,
the United States Building and Loan
League announced today. The re-
porting group includes per cent of
the total assets in all associations.
Forty of the ST reporting have
resources between $5,000,000 and
$10000,0000 and the comparison of
their aggregate assets as Of Dec. 81
with the figure for June 80 shows
a decrease of only 63-100 of l
per cent, the report shows. Fourteen
of those showing gains in assets
were in this group, including one
Chicago institution which holds the
record increase for the period of
1894, 1893.
III 91U,UUV,UVU SlaSS
The other II reporting were in
the above -million-dollar class,
and the decreases in their aggregate
assets for the period was 2.45 per
cent. -Four reporting associations in
this size group, located in Rhode
Island, Massachusetts,, Ohio and
Kentucky, showed net gains.
The small amount of decrease for
the reporting group as whole, Sc
per cent, and the actual gains noted
by third of them are considered
particularly notable in view of
change in bookkeeping practice
which so many associations have
made during the last year, tend
ing to reduce asset figures.
Direct Reduction Loan"
The league explains that where
formerly borrowers in a majority of
the institutions made their loan re-
payments in the form of shares in
the association, such accommodating
until they CANCELLED the amount of
the mortgage. the so-called direct
reduction loan" now being widely
adopted provides for immediate ap-
plication of the monthly payment to
the amount outstanding, so that the
total of mortgage loans on the one
side of the ledger and that of share
liabilities on the other side are
equally reduced in amount.
OBVIOUSLY the gains in spite of
this widespread reduction in balance
sheet footings are all the more in
dicative of returning activity among
these local home lending agencies,
and of their steady regaining of
their old place in the community"
the league report stated
Seventy-f1ve per cent of the asso-
Citations showing gains for the last
part of 1885 decreased in assets the
same period the year before. it was
pointed out. New money from in
vestors and advances from the Fed
eral Home Loan Bank System are
sources of the new funds with which
they have increased assets.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27

ard that what the country needed
more than anything else was bust
ness activity.
Now some facts about this tax
have come to light 1t was adopted
Dec. 10, 1884 That was the first
very busy Christmas the nation had
seen in several years. December
started off in the stores with a
bang. The first half of the month
sales were 1872 per cent greater
than in December 1888. But on
Dec. 10 the sales tax was adopted.
THEN see what happened. The
Il The rate of increase in sales
from then until Christmas dropped
off sharply. In the 20 days before
Christmas, retail sales were only
rs per cent above 1888, instead of
1872 per cent as in the first days
of the month.
But over in New Jersey, where
there was no sales tax, the story
was different. The rate of in
crease over the preceding year was
the same practically for the whole
period before Christmas as for the
first half of the month.
The following June New Jersey
adopted a sales tax. The expert
ence of New York was duplicated.
Then in October, New Jersey aban-
doned her sales tax. Sales the fol-
lowing month showed an increase
of 8 per cent over the preceding
year, while in New York, where the
sales tax fingered, the increase was
only per cent.
THE community which has a
i sales tax is forcing its mer-
chants to carry weight. The sales
tax is definite subtraction from
the purchasing power of the COM
munity and here is proof of it.
The most important job we have
to do is to stimulate the purchas-
ing power of the community. We
are trying to get people into the
stores. We are trying to get store-
keepers to buy more from the job
bers and manufacturers But
when we get the customer into
the store, the taX-collector is there
to pick on him.
When the merchant goes to the
producer, the tax-collector is there
though invisible-to pick on him.
Would it not be an excellent thing
if we got around to finding some
other place to put these tax
gathererS?
Copyright, 1886. by NEA Service, Incl
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
TRADE CONGRESS OPENS
1000 Representatives Expected al
World Business Session.
Times Specf1I


NEW YORK, Jan. 27.-With ap-
proximately 1000 representatives of
international Business Machines
Corp. and its affiliated companies
from the United States, Canada,
Europe, South America and Asia in
attendance, the annual world bust
ness congress, sponsored by Thomas
j. Watson, president of the COM
pany. is to open at the Waldorf
Astoria today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
TIN CONSUMPTION GAINS
Figures Show an Increase of 20 Per
Cent in 1885.

Tunes Special
NEW YORK, Jan. 25.-Tin con-
sumption for 1885 increased 20 per
cent over 1884 according to an an
nouncement by the international
Tin Research and Development
Council
World production in 1885 was
$4,000 tons and consumption was
$4,000 tons, compared with 108,637
tons and 1881 tons, respectively
in 1884. Although the consumption
figures show an encouraging i'll
crease, they are still considerably
lower than the record level of 49,
029 tons reached in 1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
BUSINESS FAILURES DIP
Defaults in U. S. Amount to 246 in
Week Ended Jan. Is.
Times Specid

HHtS CpCCtut
NEW YORK. Jan. 27.-The total
volume of business failures in the
United States amounted to GAG for
the week ended Jan. Is, compared
with 266 in the preceding week and
274 in the same period year ago
Dun 81 Bradstreet, Inc, reported
today,
Reta:' defaults dropped to 160,
from T5 in lne preceding week. The
whole ale and manufacturing groups
fell off and IL, respectively, while
a rise of appeared in the other
commercial classification. The larg-
est number of failures were noted
in the Central West, Western and
Pacific sections.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
FRUITS AND VEGETABLES
lBy United Press

CHICAGO Jan. 27.-Apples- Michigan
Ilinois bushel 4oG50c. Sweet potatoes
Tennessee bushel. s5G9oc. Beans-Fiorida
bushel, s250M325. Cabbage-Sacks. per
cwt, $iMl.25. Peas-Calfornia bushel
hampers. si.50a3. Spinach-Texas bush
Ell. 7sc4si. Lettuce-western crates. S
doz.. S2G2.40. Cucumbers-Florida bushel
Sl50d425. Celery-Florida crates. 80 So
$40. aulinower-California crates.
Sl.25Ml.5o. Tomatoes-Mexican Tugs
S2M3. Onion market t50-lh sacksl-
western Valencias. 81 10: Illinois yellows
sScmsi; Michigan yelloys. 756fs5c; fn
diana yellows. 85cGsl.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
RETURNS TO LOCAL AGENCY

Robert G. McDermond, after a
leave of absence for eight months.
has returned to join the staff of
John Burkhart Associates, Indian
apolis agency for the Lincoln Ma
tional Life Insurance Company. it
was learned today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27

I a x collectors
fasten t h e m .
selves on our
stores as bust
ness discourage
ers.
This is said
now because a
little evidence
on this point
has just turned
up. New York,
like hundreds of
other cities, has
resorted to the
sales tax to
Use money.
When the great
city began this,
critics said it
was a tax on
business activity
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
Trends
Sales Tax Definite
Handicap to
Trade.
by JOHN T. FLYNN

VXIASHINGTON. Jan. 27-Have
w you noticed the tax-collector
hanging around your retail store?
Well, even If you haven't, he's there
Just the same. And just about the
worst place to put a tax-collector
is in retail store.
Under our sales tax laws, which
are found in most states, towns and
even the national government, the
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
SHOWS ss7,717 LOSS
Times So,

I5mfs Special
CHICAGO, Jan. 27.-The Amer
lean Agricultural Chemical Com
2nny today reported a net loss OF
$97.717 for 1885. compared with
tl25. 233 in the preceding year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
DIRECTORS ARE ELECTED

ItmCS special
CHICAGO, Jan. 27-G. E. Tay-
lor, vice president, and H. M. Hope,
New York, have been elected di-
rectors of the Interstate Power
Company, succeeding A. l.. Jackson
and P. B. Shaw, it was announced
TODAY.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
NeW York Curb
Local Securities

because quotations on local securities
are unlisted on an Exchange, The Times
can not assume responsibility for the ac-
curacy of these figures gathered from
local brokers.)
STOCKS
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
LOCAL Cash MARKET

City grain elevators are paying 96 cents
for No. 2 soft wheat Other grades on
their merits Cash corn new No. yellow
80 cents and oats 81 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27

lBv United Press
WASHINGTON Jan. 2T.-Government
expenses and receipts for the current fiscal
year to Jan. "a. as compared with a year
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
Big Ten Banks

Twenty of the deposits of
trust companies the United States carried
banks the land taouaions the
Here the Big Ten"
Rank Denos nec2
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
Money and Exchange
TREASURY STATEMENT
INDIANAPOLIS STATEMENT

C1earings 81 81 00t
Debts ................... 4.7S9 ooC
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27
(By Blythe g. CO..
NEW YORK BANK STOCKS
Chicago Grain Futures

fBy James E. Bennett & Coz
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-01-27

(90-175) Good and choice. :. A.
Common and medium -.. 3.
Yearling wethers. good choice 9.
MeQlum. .... q.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19

Miss Daisy Vittum spent the
weekend at her home at Arco.
DR.. w. Henry Westby conducted
services at the County Home last
Sunday afternoon.
Mr.. and Mrs. William C. Bluhm
and daughters, Arlene and Bar
bara spent Sunday at the G. G.
Mellgren home at Milroy.
S. S. johnson left last week for
Chicago where he will be employ
ed in the Terminal building of the
Chicago, Northwestern railway.
w. A. Lippy went to Indepen-
dence, Kansas Saturday to get
Mrs. Lippy who has been with
Mr.. Lippy's mother during her
illness.
Mr.. and Mrs. A. j. Coleman had
as their guests at dinner Sunday
at Hotel Ramsey, Mr.. and Mrs. S.
B. Duea, DR.. and Mrs. H. B. Cole
and Mrs. B. P. Finn.
Mrs. j. B. Philbrick entertained
small group of friends at con-
tract bridge Saturday evening in
honor of Miss lima Ackmann who
celebrated her birthday Sunday.
Mrs. D. w. Gold and Mrs. C. A.
Hillig won the honors.
Miss Agnes Herder, Clarke
Thomson and Miss Blanche Hon.
gay of Olivia motored to Window
Sunday with Mrs. Caroline Thorn
son and Miss Emma Honzay who
took charge of The Style Shop
Monday morning.
DR.. Walter Barlow, pastor of
the Ames collegiate church at
Ames, Iowa will come here to give
two addresses at the Presbyterian
church, at 8 p. m. Thursday and
Friday April and 3. DR.. Bar
lows church located at the west
gate of the campus has the care of
Presbyterian students at Iowa
State college.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19
|BELVIEW ITEMS
OF INTEREST BY
CORRESPO NDENT.
By Mrs. Merle Woodward

Belview-Miss HERNIA Stensrud
of Echo visited Saturday and
Sunday at the Thomas Hagen
home.
Quinten Simpson left for South
st. Paul with a load of stock Fri
day and returned Saturday.
Miss Mabel Lee of Fairfax,
Misses Mildred and Virginia Reed
of Marshall and Miss Irene Gee
of Cottonwood were callers Satur-
day afternoon at the Adolph Leo
nard home.
Mr.. and Mrs. Krank Kukuk of
Echo were callers Sunday after
noon at the George Kohls home.
Mr.. and Mrs. Adolph Leonard
were callers Sunday evening at
Redwood Falls.
Mr.. and Mrs. Martin Nelson
and family, Mr.. and Mrs. Emil
Zamzow, Mr.. and Mrs. Melvin
Gehrt, Mr.. and Mrs. Vern Wood
and Mrs. Robert Freitag and fam
lily of Morgan were guests Sunday
at the William Duncan home.
Mr.. and Mrs. V. V. Vine and
daughter of Porter visited from
Saturday until Monday at the DIR.
and Mrs. F. H. Aldrich home.
Miss Margaret Gunelson made
a business trip to Redwood Falls
Monday.
Mr.. and Mrs. A. W.. Lyslo,
Florence and Burton were Friday
supper guests at the A. o. Gin
mestad home.
Tuesday evening, Joyce and vi
Wan Anderson, Lorraine Fish,
Viola Van Selus, Aida Johnson
and Dorothy Flom surprised Miss
Margaret Gunelson in honor of
her birthday.
Mr.. and Mrs. Andrew Solberg
and family were Sunday evening
callers at Redwood Falls.
Miss Marion Hegdahl visited
Miss Dorothy Smith at Redwood
Falls the first part of the week.
Grant Adsit and Annie were
dinner guests at the George Kohls
home Sunday.
| The Nutrition club will meet at
the school house Thursday after
noon at 1870.
Mr.. and Mrs. Marvin Skalbeck
and family Of Sacred Heart were
Sunday callers at the H. B. Heg-
dial home.
Mr.. and Mrs. Sherman Payne
were Sunday afternoon callers at
Redwood Falls.
Edwin Johnson of Minneapolis
arrived Tuesday to spend the
week with his parents, Mr.. and
Mrs. Kittle johnson.
Mrs. Tyler Peterson returned
Sunday morning from Grand
junction, Colorado when she at
tended the funeral of her sister.
Mrs. Minor Sampson and Ed
ward and Mrs. Sam Sampson and
Hazelle were afternoon guests of
Mrs. David Davidson.
The Swedes Forest Nutrition
club met at the home of Miss Ell
len Knutson Friday.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19
Redwood
Gr0us

partment of Kurschner's Red and
White store separate from the
rest of the store. Mirrors set at
an angle behind the fruit rack,
which is shaded by bright strip
ed awning, give an effect of spaci-
BUSINESS. A vegetable ISLAND with
sprays has been installed this
week.
Bone white with a black trim is
the new color scheme at the Paris
Shop where the beauty shop has
also been reprinted in its former
green and white.
A new merchandising idea, the
use of inlaid linoleum on the cook
stove platform, to give the effect
Of the stoves already being in a
kitchen, has been put into effect
at the Paffrath Hardware. Every
counter in the store has been re-
modelled to contain glass parti-
tons and "step-ups" and repainted
in orange and green, the store
colors.
New rugs of a striking modern
istic design, new leather-upholst-
cred seats and a new box rack
have been added to the johnson
Shoe store. The walls have been
stippled in tan and all the fixtures
have been reprinted.
The Jaehning Hardware has
taken over the Frigidaire agency
for Redwood Falls.
A man of Imagination, E. O.
Beckstrand has repainted his shoe
repair machinery Nile green.
The churns at Gandrud's cream
cry have been screened in for hy-
genie purposes and two large re-
frigerator doors are being put in.
one to replace an old one and the
other to be hung between the ice
cream and cooler rooms.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19

Like a perennial bulb and the
good business town that it is
Redwood has been growing, even
imprisoned under snow and swept
by icy blasts. With the promise
of spring, it has blossomed out
and the Gazette again resumes its
chronicle of change and progress
in the commercial section.
A new Blud-rub machine, de-
signed to save tired BARRIERS hands
and to increase the circulation of
blood to the scalp has been added
to the equipment of the Whiting
Barber shop. Electrically operat-
ed, the small machine features
four rubber cups containing rub
Der teeth which, guided by the OPP
orator, rotate over the scalp. Ac-
cording to R. F. Whiting, the own
ell, the machine is one of three in
southern Minnesota, outside of the
Twin Cities. The shop has recent
ly been redecorated in two shades
of green, with silver stripes along
the wainscoating and silver cell
ing beams. Green, buff and black
Aco-Tile, purchased from the For
ster Furniture company makes an
attractive floor.
The Redwood Cleaners business
now extends to Montana. This
week the firm received a package
containing two hats to be cleaned
and blocked from H. B. Albert of
Ekataka. He was so pleased with
the job they did on another hat
last summer that he forwarded
the two of them through w. M.
SOmmers of North Redwood whom
he has visited.
Besides Eastern, Standard and
Rocky Mountain, there is now
knudson time, says o. A. Knudson
who Tuesday installed a new reg
ulator painted pale blue and gold
to match the rest of his show WIN
dow.
This week the Music Store will
install a new and attractive fixture,
a Is foot wall case of the English
type, which opens from the front.
Concealed colored bulbs will light
the show case.
New tan and brown patterned
linoleum covers the new floor
lately laid in the Offices of Clague
and Barnes. The old floor was
warped from water employed in
fighting the Hitchcock drug store
fire years ago.
Scenes of Holland bright col
ored peasants, windmills and cot
tages appropriately line the walls
Of Lauterbach's Dutch room which
has been redecorated by Grover
Mansfield. Green and buff, to
match the linoleum, are the pre-
dominating colors of the walls.
An original idea has been car
ried out in making the fruit de-
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19
March 5-12-i9)
ORDER FOR HEARING ON PETI-
TON FOR PROBATE OF WILL
AND NOTICE TO CREDITORS

NV tNSttSG ~ WELT ShSs
State of Minnesota, County of Red
wood, IS. IN PROBATE COURT.
In the Matter of the Estate of
Fred II. Blethen, Decedent.
WHEREAS, Sarah Blethen has fl
Will and Testament of Fred H.
Blethen. with petition for it's pro-
bate, praying that letters Testament
airy thereon be issued to Sarah
IT IS ORDERED, That all per-
sons interested therein are hereby
cited to show cause at a hearing to
be had before this court at the Pro-
bate Court Rooms, at the Court
House in the City of Redwood Falls,
Minnesota, on the 9Th day OF April,
1886, at ten o'clock in the forenoon.
why said petition should not be
granted.
IT IS FURTHER ORDERED, That
the time within which creditors may
file their claims against said estate
is hereby limited to four months
from the date hereof, and that the
hearing On claims so filed be heard
at said Probate Court Rooms in said
the 9Th day of July, 1885, at 10
order be published in the Redwood
Gazette and notice mailed, as re-
quired by law.
WITNESS, The Hon. A. r. A. Lau-
don. Judge of Probate, this 3rd day
Of March, 1886
| (SeaD A. r. A. LAUDON,
A.. c. Dollin.
| Attorney. 36-3ts
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19

Mrs. George A. Barnes enter
tanned her luncheon bridge club
Tuesday.
j. W. Lauterbach and son, John
Jr. motored to Spirit Lake, Iowa,
Saturday, returning Sunday eve
ming.
An all church dinner is being
planned for Thursday evening,
March 26 by the trustees of the
Presbyterian church. Further an
nOuncement will be made later.
The choirs of the Presbyterian
church will practice this evening
Thursday at the church; Young
people at 7:15 and the morning
choir at 8 p. m. Please be prompt
At a recent meeting of the
Country Mite society of the Pres
byterian church, Mrs. A. j. Searle
was elected president; Mrs. Ralph
Weeks, vice president; Mrs. L. O.
Bunge, secretary and Mrs. D. M
Tiffany, treasurer.
Members of the American Leg
ion Auxiliary are asked to bring
the laundry bags or pillow cases
upon which they have been work
ing Or one yard of cretonne to the
meeting of the American Legion
auxiliary this evening at the Leg
ion hall.
Mervale Wolverton returned to
Winona Sunday after spending the
spring holidays with his parents,
Mr.. and Mrs. Walter Wolvertoh
He was accompanied by Oscar
Joneson Jr. and Raymond Cheney
who will also attend Teachers col
lege.
Mrs. A. NJ. Dennistoun was cleo
ted president of St. Veronica s
Guild of The Church of The Holy
Communion at the meeting held
Friday afternoon at the Dennis
toun home. Mrs. w. S. Brammer
was chosen vice president and
Mrs. George A. Barnes was re-
elected secretary and treasurer. 1t
was also decided to send a box of
clothing to the negro mission
school at Vicksburg, Mississippi.
Refreshments were served by the
hostess during the social hour.
During the social hour at the
meeting of the Ladies Aid of the
Methodist church at the home of
Mrs. ]. L. Parsons Thursday af-
ternoon, Mrs. Caroline Thomson
was the guest of honor. Speaking
for the members of the Aid and
the Kun Join Us Glass, with
whom Mrs. Thomson has been
closely associated during her re-
sidence here, Mrs. C. L. Lynn pre-
scented a farewell gift to her. Re-
freshments were served by Mrs.
o. G. Austbo, Mrs. Leonard GLOW,
Mrs. H. G. Werder, Mrs. Rayburn
Burris, Mrs. j. P. Dunlap, Mrs.
Hugh Swain, Mrs. Mae Harris,
Mrs. 1. L. Spencer and Mrs. John
Schmeckel.
"I've heard tell that spinach
will do it, or rolling round and
round. But I'll admit I'm a sissy.
l prefer the "Nubone" way. Just
tuck those curves in a "Nubone"
Foundation, supported by the ex-
elusive woven wire stay, and see
how slim and trim you look in the
new print frock". RILLA LAR
SON, District Manager for
Southern Minnesota. ady.-lt.-pd.
The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1936-03-19
SEE BY THE GAZETTE

Mr.. and Mrs. William Wester
were Sunday guests of Mr.. and
Mrs. Douglas Stewart.
Miss Joyce Anderson returned
Saturday evening from a five
weeks visit in Minneapolis.
Mrs. w. Henry Westby enter
tanned few of the public school
teachers last Friday evening.
DR.. and Mrs. w. Henry Westby
were dinner guests of Mr.. and
Mrs. Edward Sinclair Tuesday.
Mr.. and Mrs. E. E. Wetmore
and Miss Inez Wetmore were Sun
day dinner guests of Mr.. and Mrs.
Bert Barnum.
Rev. and Mrs. Henry Rydland,
Leora and infant son were callers
at the home of DR.. and Mrs. w.
Henry Westby Tuesday evening.
Mr.. and Mrs. Bert Barnum had
as guests for Sunday night supper
Mr.. and Mrs. R. M. Campbell, Mr..
and Mrs. Ole Moe and Mrs. John
Whittet.
Word has been received that
Norman, son of Mr.. and Mrs. Will
liam Deike residing near town, is
in st. Mary's Hospital, Rochester,
very seriously i'll.
Cards were played during the
social hour which followed the
regular meeting of the Eastern
Star last Wednesday evening and
refreshments were served by Miss
Norma Stensvad, Mrs. o. G. Aust
DO, Mrs. B. H. Clark and Mrs. E.
B. Orion.
Miss Agnes Herder, Mrs. Henry
Radtke, Miss Lorena Johnson and
Mrs. NJ. V. Kurschner who went to
Minneapolis last Wednesday were
delayed at Cologne on the return
trip because of the snow and ar
rived here Thursday.