davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-05
Washington Merry-Go-Round

l. Sudden and dauntless bravery
in attacking the New Deal.
2. Extreme cautiousness in stick
ing to the middle of the road on
everything except the New Deal.
3. Buttering UP all the other Re-
publican candidates..
No other candidate in the field
is on such good terms with all the
rest, and Vandenberg is deter
mined that they remain so. Borah
and Hoover, who don't like each
other, like him. Knox was asso-
ciated with him in the newspaper
game. Landon doesn't know him,
but at least has nothing against
him. In fact, Vandenberg is the
one man whom, in a dramatic
deadlock, they can all turn to.
TINE present role of ardent
i enemy of the Administration
is a new one for Arthur. There
was day when he spoke sweetly
and gently about Mr.. Roosevelt
and those around him. SO much
so, in fact, that G.. o. P. die
hards threw up their hands in
disgust.
That was during the dark days
of 1884, when Arthur was up for
reelection, and when few could
speak i'll of the New Deal i'll
Michigan and live politically to
tell the story.
The campaign was one of the
hottest in Michigan history, with
the Senator conducting himself
as more of a gentleman than most
candidates have found advisable.
In the end, he squeaked
through to victory chiefly because
of Mr.. RooSevelt-though Mr..
Roosevelt certainly didn't mean
to help him squeak.
What Roosevelt did was to re-
new the NRA automobile code just
three days before election. One
of the most reactionary of all Blue
Eagle creations, its renewal
aroused anti-New Deal bitterness
among Michigan's great group of
automobile workers.
In retaliation against Roosevelt,
thousands of them stayed away
from the polls. This saved Van
denberg.
On election morning he told
friends that he was licked. That
night, as he sat at home, gloom
overspread the household. There
was no doubt in their minds that
the Senator was defeated. Then,
at 10 p. m. the tide turned.
When the votes were counted
he. had wriggled through by the
skin of his teeth.
y ~
TINE middle-of -the-road game
L which the Senator now is
splaying is not a new one for him.
Most of his senatorial career has
been a $3.50 proposition.
vandenberg still was a Senate
rookie when, during the early days
of Mr.. Hoover, he led a revolt of
other junior G. o. P. Senators
against their veteran floor leaders.
The move sounded imposing and
important, but when pressed for
explicit idea, they had none to
offer.
Finally, 1t leaked out that Mr..
Hoover had planted the house
cleaning germ. He suspected with
sound reason) the loyalty of Sem
ate Republican leaders and wanted
TO shelve them.
When the timers ferreted out
the "putsch," they raked it fore
and aft, dubbed the revolters
Young Turks" and Arthur the
Renal Pasha." The rebels re-
tired to their back seats, and
that was the end of that.
u q -
A RTHtR has gone bit social
~ since he left. the furniture
factories of Grand Rapids and
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-05

for several years was canvas
covered model that folded to
small dimensions for the road
and cranked up into a glorified
tent with a rigid frame when in
camp. Mr.. and Mrs. Charles A.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
COLD IMPORTS
ABOVE EXPORTS
Shipments Into U. S.
TotaIed S937,847 During
Week Ended March s.
By United Press

By CHtted Press
WASHINGTON, March 14.-Al-
though the condition statement of
Federal Reserve member banks
showed an increase in the nations
monetary gold stock during the week
ended March 4, Commerce Depart
ment figures released today showed
that during the week ended March
6, imports of gold barely overhaul
anced exports.
Shipments of bullion into the
country totaled $937,847 during the
seven days ended March 6, as
against exports of $903,144. During
the previous week imports were
$1,228099, compared with exports
of $649 1896.
For the four weeks ending March
6, exports overbalanced imports,
being respectively $8,155,035 and
$6,598,003.
Moderately heavy imports of sill
yer were reported. During the week
ended March 6, $685. 87 entered
the country, compared with S29,-
304 shipped out. For the four-week
period, silver imports totaled $12,-
422,116, against exports of $130,945.
Two export shipments of $3.50, 283
and $343,861 in gold went to the
United Kingdom and The Neither
lands, respectively. Largest imports
came from the Philippine Islands
and Mexico, which sent $267,611 and
$262, 097, respectively Heaviest sill
yer shipments came from the United
Kingdom, which sent $2,435,85
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
GENERAL MOTOR SALES
RISE DURING FEBRUARY
Volume in U. S., Canada Placed at
144,S74 Units for Month.

NEW YORK, March 14.-Febru-
airy sales of General Motor cars to
dealers in the United States and
Canada, together with shipments
overseas. totaled 144,874, compared
with LAS in February a year
ago. Sales in January were 1884,
572. Sales for the first two months
of 1886 totaled O3,446 compared
with 219,414 for the same two
months of 1885.
Sales of cars to consumers in the
United States totaled 96,134 in Feb
ruary, compared with 1927 in the
same month year ago. Sales in
January amounted to 102 ,0934, while
sales for the first two months of
1886 totaled 198,168 compared with
131 ,402 for the same two months of
1885.
Sales of General Motors cars to
dealers in the United States totaled
1912 in February, compared with
92,90T in February year ago. Sales
in January were 131,134. Sales for
the first Two months of 1886 totaled
247 1896, compared with 168.634 for
the same two months of 1886.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
0'C0NNOR HITS
FDIC IN BANK
REPORT SCRAP
Controller of Currency
Attacks Agency in
Controversy.
By United Press


WASHINGTON, March 14.-Con-
troversy between two government
agencies charged with supervising
the nations banks today developed
when j. F. T. OConnor, controller
Of the currency, attacked the Fed
eral Deposit Insurance Corp. for
allegedly attempting to usurp pow
ers of his office.
A meeting was sponsored this
week by the FDIC to simplify bank
call reports. Mr.. O'Connor said to-
day that he had no prior notice of
the meeting and that 1.-The forms
of call reports under the Federal
law are required to be prepared un-
der the direction and authorization
of the controller of the currency
for national banks"
Attending the meeting were rep
resentatives of the FDIC, the Fed
eral Reserve Board, the American
Bankers Association, the National
Association of State Bank Super
visors, and the National Association
of Bank Auditors and Controllers.
1t was learned that a member of
the Board of Governors of the Fed
eral Reserve System, who attended,
reported to Mr. O'Connors office
shortly thereafter and informed him
of what had taken place.
Treasury officials contended that
the new plan favored by representa-
tives of the various banking groups
was neither more simple nor did it
do away with unnecessary red tape
as had been claimed by the FDIC.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
FLETCHER BANK TO
REFUND HUGE ISSUE
Directors Approve Call for
$797,50O in Bonds.

The Fletcher Joint Stock Land
Bank, indianapolis, is ready to I'M
dertake one of the largest refund
ing operations in its current bond
readjustment program, w. B.
Schiltges, president of the bank, has
announced.
A total of $797 800 of outstand-
ing joint stock bonds has been au-
thorized for calling by directors OF
the institution. These issues are
to be exchanged into lower yields,
in keeping with the current invest
ment market, or to be retired for
cash.
Included in the call are $4,000
of per cent bonds maturing Nov. l.,
1858, callable 1888, and $157,500 of
per cent bonds due May 1, 1854,
callable 1884. The two issues mark
the calling for payment by the joint
stock bank of all per cent bonds
of the institution which remain out
standing and are callable.
In addition the authorization by
directors calls for the retirement Of
$424,000 of Az per cent bonds, due
Nov. /, 1852, and callable in 1882.
The call for retirement brings the
total of bonds now called for pay
ment on May l, 1886, to $685. 900,
and the bonds involved in retire
ment or conversion, as of May 1,
1886, or prior thereto a total of
SIS, $4,000
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
BUSINESS DEFAULTS
HIGHER DURING WEEK
Failures Total POL, Against 1873 In
Preceding Period.


NEW YORK, March 14.-Business
failures in the United States during
the week ended March aggregated
201, compared with 1873 in the short
preceding week, and 2o8 for the cor
responding 1885 period, Dun &
Bradstreet, Inc, announced today.
Failures with liabilities of $4,000
or over, in each instance, continued
about the same proportion to the
total as they have in recent
previous weeks. The number of
such defaults was 121, compared
with 118 in the five preceding days
and 1873 year ago.
The total number of defaults in
the Dominion of Canada during the
week fell to 81, or less than the 38
in the preceding week. A year ago
the total was reported at 26.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
HUDSON SALES BREAK
TWO 6-YEAR RECORDS
Volume Increases IL Per Cent in
First Two Weeks of March.


CHICAGO, March 1.-two sales
records have been broken by the
Hudson Motor Car Co. during the
last two weeks, according to an an
nouncement made today by w. R.
Tracy, vice president in charge of
sales. Sales of Hudson and Terra
plane cars during the first week of
March and throughout February
shattered all records for those
periods since 1880.
Retail sales in the United States
for the first week in March totaled
1888 cars, exceeding the previous
week by II per cent and the same
week of 1885 by % per cent, al
though snow still covers a large part
of the best-selling territories in the
country.
The automotive industry is in for
what may be its greatest spring SELL
ing season for all time, states MIR.
Tracy. The stage is set for ire
mendous sale of new cars, even the
hard winter contributing to this
situation by the creation of a pent-
up sales demand that is only waiting
for favorable weather to be released.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
STORE SALES CLIMB
SHARPLY IN FEBRUARY
Gain of IL Per Cent Reported by
254 Cities for Year.
BIZ United Press

By United Press
WASHINGTON, March 14.-De-
partment store sales in 254 cities
recorded an increase of IS per cent
over sales during February, 1885,
according to Federal Reserve re-
port stoday.
At least a portion of the increase
was accounted for, it was stated, by
the fact that February this year
had % days, and one more Satur-
day than February of a year ago.
Sales continued at about the same
level as in January.
The Reserve Boards index for
February was 30 per cent of the
1923-25 average, as compared with
10 per cent for January.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
i'll. CASE co. EARNS
$50 A SHARE IN 1885
Farm Implement Firm Has First
Income in Three Years.
Times Special

L tHleS Sp6ctdt
CHICAGO, March 14-The j. I.
Case Co., one of the nations largest
manufacturers of farm implements,
has returned to a profitable operat-
ing basis after lapse of three years,
according to the 1885 annual report
released today.
The income for the year amount
ed to $1,804,835, equal to $50 a
share on the outstanding common
stock after annual requirements on
the preferred stock. The figure
compares with S699,923 earned in
1884.
The company paid dividends on
the z per cent preferred stock at
the rate of per cent annually dur
ing the year, Leon R. Clausen, pres
ident, announced. Dividend accu-
mutations on the issue at the end
Of the year amounted to SO a share.
The favorable earnings were attrib-
uted to the increase in farm income.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
TRANSAMERTCA NET UP.
Corporation Reports Income Equal
to 81 Cents a Share for 1895.


CHICAGO, March IA. The
Transamerica Corp. consolidated
companies and controlled subsidia-
ries, not consolidated, today re-
ported a net income amounting TO
S20,319, 276, equal to 81 cents a
share on 23,181,568 shares of capital
stock outstanding for 1885.
This is an increase Of 7745 per
cent over the s11,450.587 net in
come. or IS cents a share on 49,
621.897 shares of capital stock re-
ported for the preceding year. Gen.
eral reserve of the corporation was
increased from s3,500,000 to $780,
600 during the year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
SHEEP AND LAMBS
GENERAL FOODS CORP.
EARNS $2.23 A SHARE
Aggregate Net Income Placed at
$11,730,76s for 1885.
Times Special

ItmeS Special
NEW YORK, March 14.-Net in
come of the General Foods Corp for
1885 totaled $11,730,768, equal to
1928 a share on the common stock,
against $11143,876 or $212 a share
earned during 1884, according to the
annual report today.
Earnings in the fourth quarter of
the year amounted to about Sc per
cent of the total for the entire year
of 1884, and approximately the same
as in the third quarter. Net income
in the fourth quarter of 1884 was
equal to 40 cents share
Sales in dollars during 1885 were
the largest since 1880, according to
Clarence Francis, president. Expan-
sion of the frosted food lines con-
tinued during the year, Mr. Francis
said, stating that about 1900 retail
outlets are now handling the lines,
against 742 stores early last year.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
BIG REFUNDINCS
TO Be OFFERED
SOON, is BELIEF
Underwriters Expect Little
Difficulty in Marketing
Projected Issues.
BY CHARLES II. HUFF
Times Special Writer

NEW YORK, March 14.-Consid-
cradle corporate refunding is ex-
pected to be crowded into the last
10 days of this month, with a scat-
tering of substantial offerings sched-.
uled to make an appearance in the
meantime.
Judging from the present temper
of the investment market, marked
almost invariably by an eagerness
that expresses Itself in rising bids
Immediately after the bell is rung
for a new offering, underwriting
syndicates interested in approaching
operations expect little difficulty in
placing promised issues.
Aside from an offering of
$50 100000 of 81 per cent deben-
lures of the Shell Union Oil Corp.
no important financing, in point of
size, is likely this week, but the
outset of next week may induct
several substantial operations.
Involves Largest Borrowing
Probable offerings at that time
will include $50 900 900 of 4 per cent
debentures and $4,000 shares of
common stock of the American
General Corp. and $4O,OO0.000 of
first mortgage bonds of the Jones
& Laughlin Steel Corp. The latter
offering will attract considerable
notice in investment circles because
it represents largely a call for new
money to be used for plant con-
struction and equipment. 1t will in
volve the largest single borrowing
of actual new money" since the Sc
curities and Exchange Commission
came into existence.
For the remainder of the month
noteworthy offerings are promised
in abundance. Among them are
$40, 100000 of long-term first mort
gage bonds of the Consumers Pow
er Co., $50 .545 900 of debentures and
notes of the National Dairy Prod
ucts Corp, 100000 of bonds of
Eastern Gas and Fuel Associates
and $62,900,000 of bonds and notes
of the New York Central Railroad,
the latter awaiting I. G. C. approval.
Rail Issues Well Received
With railroad refunding becom-
ing a more prominent factor in
financing operations than was the
case last year, investment market
observers have watched closely the
results of recent offerings in this
field. The verdict is that the issues
have been readily absorbed and that
investment sources apparently are
ready to accord an enthusiastic re-
ception to further operations on be-
half of the carriers.
While regulation SEC processes
do not attend financing offerings by
the railroads, it has become the
practice of underwriters to issue
fairly comprehensive circulars which
carry at least a f1avoring of the
regulation SEC prospectus. The
circular issued in connection with
the recent $44,000,000 Offering of
Chicago Union Station Co. first
mortgage 3& per cent bonds was
unique for its brevity.
. 1t confined itself largely to pres
entation Of pertinent balance sheets
and income reports, and carried only
about three printed pages of text.
The contrast with the usual 10 or
30 page prospectus that heralds an
offering registered with the SEQ
was pronounced. The figures, in
cidentally, constituted a convincing
story on behalf of the new bonds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
Trends
Europe's Financial
Troubles Might
Offset War.
BY JOHN T. FLYNN

NEW YORK, March 14-1n es-
IN timating the chances of war
in Europe at the present time, one
factor is overlooked. Yet it is Of
first Importance. And that is the
financial condition of the coun-
tries involved.
The Europe of 1886 is very diff
ferent from the Europe of 1914 in
one respect at least. 1t is ridden
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14


dominions and especially can not
menace Italy's commerce. But a
war between two first-claSs powers
would be very different thing.
One thing is Immediately evil
dent. All of these nations, includ-
ing France, have such small gold
reserves that it would be prac-
tically impossible for them to do
very much purchasing out of
their own borders for an extended
period.
IF war came, the nations involved
Il would have to do at once what
Italy did-nationalize all external
investments of their citizens, that
is, force all citizens to deliver to
the government foreign bonds and
stocks and credits held by them.
These would be used to make
necessary war and other purchases
in foreign lands.
But the fury and size and pace
of modern war would be such that
these credits would be quickly ex-
hausted. Thereafter these coun-
tries would be unable to buy abroad
save for gold or commodities. And
as war would Immediately dis
rupt their commodity markets and
their peace time industries, they
would be thrown back on their gold
~ al
tive would be credits N friendly
countries, but this would surely be
difficult.
Therefore, the financial difficult
ties of Europe. which drive it to-
ward war, also act as a restraining
influence. 1t is hard to see how
Germany, for instance, could get
the necessary credits abroad.
TT IS certain Italy could not if
Il war demands were greater than
they now are by reason of engag-
ing a great power. Even England
is in perilous position. We hear
much of England's recovery. What
we do not hear so much about is
England's crushing national debt,
that largest in the world. With
her small gold reserve England
would be severely put to it to fl
nance a major war.
All these factors must weigh
heavily in the balance in all Eu-
ropean chancellories. The princi-
pal effect of this influence is to
weigh against a war between single
countries. Two or three great
countries with a wide diversity of
resources might pool the war
strength and fight for some time
with nothing more than internal
credits.
But single countries in Europe
with the exception of Russia-could
hardly do this. France could go
longer than others. All this leads
to the feeling that unless a group
of nations can be brought into line
on one side for war adventure,
war is unlikely now in Europe.
Copyright, 1896. by NEA Service, Inc)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
OHIO PLANT CLOSED
Times Special

CINCINNATI, March a. The
Container Corp. of America has de-
finitely closed its Cincinnati plant
and is planning to transfer opera
tons to other cities, it was an
nounced today. Strike threats were
believed largely responsible for the
change.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
Produce Markets
tReprinted From Late Times Yesterday

tkeprinted Prom Late Times Yesterday
The prices quoted are paid for stock
gathered in the country, while delivered
IN indianapolis the price is a cent higher.
Heavy breed hens lie; Leghorn breed
hens, l4c. Leghorn springers l2c: old
stays. i3c: old cocks, &c. Ducks. white. 5
lhc. and over, lie. geese, fun feathered
all sizes. Zoe: all gvineas Ia lbs. and up
l5c: No. / strictly fresh eggs, loss OF. lac.
deliver in Indianapolis. i5c Each full
81. 10 cents 4 pound under S. lbs viii I'P bs
made No. butter. 34is q 35i3c; No. 2.
5l1z@321zc. Butterfat. zee.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
BusigruphS

Another record accomplishment is
credited to l935--Sales of household
electric refrigerators. The approx
mately 100000 refrigerators sold
last year made Is per cent in
crease over 1884 sales.
Here We have one more illustra-
ton of tremendous sales volume on
lowering prices, well advertised
Only four years ago the average
sales price of an electric refrigera-
tor was SEAS. Each year since this
average price has dropped until to-
day it is well under $3.50. Lowering
electric power rates also stimulate
sales.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
On Commission ROlD

(Reprinted From Late Times Yesterday
Quotations below subject to change are
average wholesale prizes being ofered to
lsc: S6-pint crates. Tic. cranberries, c. c.
Howes, Eatmores, 25-lb. box, $3.50; Pears:
washington D'Anto zoos boy, 8; Wash
Fancy Empercrs Sab sawdust chest,
$3.50. Lines: Mexican carton. 22c; Per Per,
slrn sse't si5c. Bananas seven hands,
BASKETS, $3.50; jonathans, $3.50; Grim.eas
i G0lasn sunSist ssOs S. ea Grapefruit
Texas seedless l54s-80sl, S4; Arizona sun
kist lsos'. s.. ,T.asngerines FLORIDA
VEGETABLES Artichoke, California
less (hampers). SAYS. Beets: Texas Is
cioz. cratel, $3.50; cut offs (bul, 81. Brus-
b 6 New York Danish t5o-lb. bag,' s5c;
V IsC.lO. Sss,. s.. Carrots California 6
SIS $3.50 csuoTer e California qp 2s erste
81 SIS. Celery Florida washed and trimmed
tdoz). 45cq S5c; Florida As, 6s. IS, los
sl:ss;s tscgtheTn 69s IS S., Egg plant;
bushels; s., Lettuce; Iceberg a, Arizona
IS ss Ss ST. snd hU@e c sTGUn sa
e0c. Peppers. mangoes (cratel, 81; peck
basket. si:7S; tdoz), 45c. Mint, dollhouse
,aO1 - 75s Mushrooms Eaf pOgg6ndl sOs
Indiana yellow t50-lb, bagl ST; West
ern Spanish t50-lh. bag. SITS. Oyster
plant, home grown tdozl, 4oc:. Parsley.
nips, home grown washed lbuschen. 81,
thalf-husheD. soc. Peas. Florida lham.
Whites tloO.lb, ,bagl. sl.eS;. Maine Green
Mountains lioo-lb bag .s225; r. r, Early
Ohios (loo-lb. bag. 81 90; r. r. Triumphs
llo0-lh. bagl, sls5; idaho Russets 100
ID bag. s2.2s; Idaho bakers CTos box.
s2S0 Col. McClures (l00-lb. bagl. s2.l0;
New Florida Triumphs t5o-lb. bagl $500,
Sweet Potatoes. Indiana Jerseys ,(is
bushen. 81: medium lbusheu. ST. Ten
nessee Nancy Halls (hampersl. si.l5; In
diana Puerto Ricans thushel cratel. $3.50.
Radishes. home grown buttons (dozl, 45c:
white. 40c. Rhubarb. dollhouse tbunchl.
40c. Rutabagas northern t50-lb. bag,
S5c. Sage (dozl. 45c Shallots. Louisiana
ldoz.l 45c. Spinach. New Texas (bushell
81. Turnips, home grown washed ,bushen,
Sl.50. Tomatoes repacked ll0-lb. boxl
Sl.25Gi.6o; original Cuban tso-lb. luigi. So.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
COLUMBIA INCOME DIPS
Times Special


NEW YORK. March 14.-Earn~
ings of the Columbia Pictures Corp,
for the 26 weeks ended Dec. %,
amounted TO s781, 273, equal to s274
a share on common stock outstand-
ing. In the preceding six months
the firm earned 1926 a share.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-14
PROFIT REPLACES LOSS
Allis- Chalmers Co. Net Income at
$1,9S5,137 for 1895.
Times Specinl

CHICAGO, March 14.-The Allis-
Chalmers Manufacturing Co., manu-
facturers of various types of large
industrial and farm machinery
equipment, today reported the best
net income for 1885 for the last
six years.
The total for the year was placed
at S1,985, 137, equal to STAT a share
on 1,334,394 shares of capital stock,
exclusive of 1926 shares held in
the treasury. In the preceding year
the company reported a net loss of
81, 039, 406.