davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
u. S. TO CONSOLIDATE
BANKS IN 5 STATES
Federal overnm emit Outlines
Stronger Financial System.

Stronger Financial System.
By United Press
WASHINGTON, Feb. 17.-Be-
tween so and so banks in five states
are to be consolidated or liquidated
by the Federal government in an
effort to strengthen the banking
system.
/ The operation will be conducted
by the Federal Deposit Insurance
Corp. under broad powers granted
it by the banking ect of 1885. The
first consolidation involves three
banks at Ann Arbor, Mich.-the
First National, the Farmers and
Mechanics and the Ann Arbor Saw
ings Bank.
Names of the other prospective
consultations or liquidations were
withheld pending a completion of
the transactions. Slow moving as
sets of the consolidated or liqui-
dated banks will be acquired by the
FDIC for later salvage. Depositors
in the insured banks will be guar
anteed against loss.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
WARD-STILSON FIRM
BUYS GROBLE FACTORY
Anderson Concern Now Operating
at Full Capacity.


ANDERSON, Ind, Feb. 17.-Pur-
chase Of the former Groble Reg
ulator Co. factory and property by
the -Stilson Co. for the pur-
pose of future expansion, was an
nounced today by Ward K. Stilson,
president of the latter company.
The Ward Stilson firm, currently
operating at full capacity, employs
force of approximately 500 per-
sons working nine hours day, five
days a week. The increased oper-
ating schedule is attributed to
heavy business in selling Maisonette
products, it was reported.
The company at present has no
intentions of expanding, Mr.. Stilson
said, but is holding the newly &C
quired property in reserve for that
purpose at some future time, when
growth of business warrants an in
crease in factory space. In addition
to ground covered by buildings, the
company owns 1912 acres of land
near the main factory.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17

The fewest number of failures
since 1920 is the record for 1885,
while the total liabilities were the
smallest since 1919. The number
Of failures last year among retailers
and wholesalers increased slightly
over 1884, but liabilities were less.
In manufacturing lines both the
number and liabilities dropped ap-
preciably; while other commercial
divisions, such as the agent and
service groups, had fewer failures in
number but larger total liabilities.
The average failure in 1885 was for
sl9,372.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
(By United Press)

CHICAGO. Feb: Eggs-Market, un-
settled: receipts 1881 cases; fresh graded
firsts, SIC; extra firsts. 32c: current re-
ceipts, 3oG31c: dirties, 27c; checks. Csc.
Butter--Market. firm; receipts. 9348 tubs;
extra f1rstS l90-9ll2 scorei, 1914 36l2c:
extra (92 scorel. 3634c; firsts (88-891a
score), .35M 35l2c: specials. 37A@ 3794c;
standards, 36i2c. PoulGry-Market, steady;
receipts l car, 8 trucks; ducks, 1926;
geese. 18c; spring chickens, 24@25c; hens.
I7G22c; turkeys. 20d23e; capons, Esq 26c;
Leghorn hens. lac 19c; old BOOSTERS, TIC;
broilers. 23la@25c. Dressed poultry
Turkeys, young toms. &c; young hens 27c;
capons,. 27G3oc. Cheese--Twins. 1914 q
1512c, daisies, 15i2@1534c; Longhorns. 1854
G16hc. Potatoes-Supply moderate; de-
mand fair; market. steady. Idaho Rus
set Burbanks, s190G2.10 U. s.; No. 2,
S1.4o; Wisconsin round whites. s125d1 1875;
commercials, S1.20: North Dakota cobblers.
81 .40Q 1.50; early Ohios, $3.50: Minnesota
Eliss Triumphs, 81 .230@ lbs: Colorado Mc
0ures. Sl.65M1.77l2; Nebraska Bliss Fri
umphs, S1.55 Ml65. Arrivals, 1854. on
track. 203: shipments, $50 Saturday, IS
tSundayl.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
Produce Markets
(By Thomas D. sheerin & Co..

The prices quoted are paid for stock
gathered in the country while delivered
in indianapolis the price is cent higher.
Heavy breed hens. 18c; Leghorn breed
hens, 13c; Leghorn springers. 12c; old stays,
and over owe e geese e fu f ene ali
sizes. 10c: all guineas, e lbs. and up. 15c;
No. l strictly fresh eggs loss off, 28929c.
Each full case must weigh SIS lbs gross, a
deduction of 10 cents 2 pound under SIS
lbs. will be made. No. 1 butter. 401am
112c; No. 2. 3712 1880. Butterfat. Csc.
Quoted by The Wadlev Co
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
YIELD REDUCED
ON MUNICIPALS
TO Low LEVEL
Present Average Almost at
Same Mark as in
February, 1901.
BY CHARLES III. HUFF
Times Special Writer

NEW YORK, Feb. 1.-THE mu-
nicipal bond market, just emerging
with new high averages since recov-
cry began few years ago, has about
completed a cycle of 35 years, &C.
cording to statistical records.
That is, the present narrow aver
age of yields on investments in the
municipal field is almost exactly
where it was in February, 1901.
This is true only, however, when
averages are considered. In the case
of bonds of cities whose credit has
encountered no reverses, present
yields are much narrower than they
were at the peak of 1901.
Tax Exemption Attractive
Cities which had to do bit of
laundering when the depression was
at its worst, on the other hand, have
not yet reached the 1901 levels, al
though their stride of credit recov-
cry and consequent price improve
ment for their bonds have been
wide in the last II months.
In it's most recent course the mu-
nicipal bond market appears to have
been restricted only by yields in the
federal bond market. The attrac-
ton of high-grade investments
in relation to uninvested capital,
has enabled municipal and state
bonds to reach level that few OPP
timistic dealers were willing to
forecast a year ago, despite prevail
ing belief even then that the price
trend was still headed upward
Long-term federal bonds now
average around 3 per cent yield,
whereas the Bond Buyers index of
municipal bond prices has reached
3.11 per cent, narrowed from 325
per cent at the beginning of this
year. At the beginning of Febru-
airy, 1901, the corresponding index
was $40 per cent.
Backward Cities
In breakdown of cities contrib
uting to averages, Darby &c Co.
point out that New York, Chicago,
Philadelphia and Detroit may be
classed in group that has failed
to. make the full stride to peak
prices.
These four cities, it is observed,
suffered financially during the de-
preston, factor still reflected in
the market quotations for their
bonds. Comparing present yields
with those of 1901, using specific
issues, New York yields 3.43 per
cent now, against 298 per cent in
1901; Chicago, 325, against $40;
Philadelphia, 80, against 200, and
Detroit, $50, against $40.
Stability Emphasized
On the other side, helping the
average to full recovery in the
IS years, st. Louis is mentioned
conspicuously as now at 2.40 per
cent, against sos in 1901. Boston,
Baltimore and Pittsburgh are men
toned as other cities that now are
at higher price peaks than before
the successive downward and up
ward swings over a long period of
years.
The present position of the mu-
nicipal bond market is emphasized
as convincing evidence of the sta
bility o. that category of long
term investments, even taking into
account the effects of reverses and
depressions which cities regularly
encounter in the course of events.
Copyright, 1885, by United Feature
Syndicate, Inc.)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
Other livestock
(By United Pressl

CHICAGO Feb. 17.-Hogs-Receipts 49,
COO including 1000 directs: steady to shade
lower: spots 5G loc lower than Friday S
SIC soGi1 2sos5o bs 0 SIC 5oa 1855 10 mos dos
l40-l60 lbs. sl075Glf: bulk good sows.
So $50 TO- Cattle-Recsipts. 10000; calves.
1000; largely steer run; medium grades
predomInating: weighty offerings scarce:
early demand narrow. undertone about
steady; all heifers steady: lower grades 81
Gown 70 So; getting better action on kinds
easy. but cutter cows fully steady at s5.50
down; dhe to cold and snowy weather re-
vealers UP TO s1250. Sheep-Receipts, 5000
fat lambs opening slow; undertone weak
70 unevenly lower: sheep about steady.
feeding lambs little changed; good to
choice fat lambs bid SO and down: now
held STOPS and above, scattered native
ewes. $4I5x g.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
EARNINGS SET RECORD
Owens Illinois Glass Co. Has Net
of S7,SS3,496 for 1885.
Times Special

ImeS SpectGb
CHICAGO, Feb. 17-Net earnings
of the Owens-Illinois Glass Co. for
1885 were the largest in history Of
the company, according to a pre-
liminary report released today The
consolidated net income for the year
is estimated at $685., 496.
The total is equivalent to S6.57 a
share on 100000 common shares.
This compares with S6,496,359, or
S5.41 share in 1884 The totals
include other income of S834,076 in
1885, and $444, 361 in 1894.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17

TO many MIL
lions, has sur
rendered hi S
troubled affairs
to a United
States cour :
and put down
as his assets
$3.50 in clothes.
Durant was
more than a
Spectator. He
was an indus
trialist of great
ability. AS a
youth, dissatis-
fed with the
combining walls
of his small
town, he went
away from it
mot tn aOV mar
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
CAR DELIVERIES RISE

7 fTTfN NVtITWT
SOUTH BEND, Ind Feb. Ire
tail deliveries of Studebaker cars in
both December and January were
the best in seven years. and came
within 125 units of equaling the
number delivered in the same period
of 192S-29, Paul G.. Hoffman, preSi-
dent, said today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
DIVIDEND is ORDERED
BIZ United Press

Bv UHtted PreSS
WARSAW, Ind, Feb. 17-Pay-
ment of a dividend of or 7 per cent
not later than Feb. "a by special re-
ceiver Victor Mock of the Indiana
State Bank and Trust Co. has been
ordered by Judge Robert McNagny
of Whitley Circuit Court.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
SELLS COTTON SEAT

Times Special
NEW YORK, Feb. 1.-THE New
York Cotton Exchange today re-
ported the sale of membership at
s12,500, an increase of $3.50 from the
previous sale.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
NET INCOME LOWER
Transportation Corp. Earns 1884 a
Share During 1885.

Times Special
CHICAGO, Feb. 1.-THE General
American Transportation Corp. and
subsidiaries today reported de-
crease in net income during 1885 to
S2,208,924, or 1854 a share from
S2,384,641, or 1921 share in 1884.
The decline was attributed to addi-
tional depreciation charges.
Net earnings last year before de-
probation amounted to S6,710,674,
against S6,683 1856 in the previous
twelve months. Consolidated net
profit for the fourth quarter of 1895
totaled S759,090, equivalent to Sc
cents share, compared with only
81 cents in 1884,
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
On Commission ROlU

tQuotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealers)
FRUITS-Strawberr Florida pint,
Howes Eatmores, 25-ib box, s275. Pears:
WashhinstOn DAnjo 9Ss ss25
Extra Fancy Emperors Cs4-ib. sawduSt
chestl. $3.50. Lines; Mexican carton
l2sl. 2Sc; Persian seedless (do5l. 45c
Dates: Fresh Arizona. Si.50. Bananas,
seven hands, pound, 4iac. Apples: Delicious
fancy baskets SITS: Jonathans 81 so;
Grimes Golden, sl.25: Rome Beauty. 81 65,
Lemons .s snnkist $685., S. Grapefruit
02Os, l44s 1851. sl.7o,
VEGETABLES - Artichokes. California
less thamperl. s3.25 6eets; Texas Is
doz. cratel $3.50; cut offs fbul 81 Brus-
sells Sprouts. California (quartl. goa 22c.
e0c; New Texas (cratel S1.35. Red cab
base t5o-lb. bagl, 81: Carrots. California
sSaae SIS fs'e bus6s s2 s FsNas
California ,tl2s cratel, s1.75 Celery,
Florida washed and trimmed idozl, 6ncn
81 Florida as; IS, IS, :ds crate. s37S,
ern tbushen, S. Egg plant. Florida
ldoz.l. $3.50, Kale. Virginia bushel. eoc.
Lettuce; Iceberg Arizona best As. $50
$3.50; bonn home grown leaf tiS-l5 baskets
Peppers, mangoes tcratel, 81; peck bas-
ket. Sl.25; (doz). 45c Mint. dollhouse
ldozl. 75c. Mushrooms tpoundl. soc
Mustard, Texas ebunchl, 75c,. onions
diana yellow tlo-lb, bagl Csc; Western
Spanish f50-lb bagl. SITS; oystec plant.
home grown fdozl }. Acc Parsley. southern
dong punches dozl. ,45c,. Parsnips. home
soc. Peas. Florida lhamperl, s275. Pota-
toes, Michigan Round Whites tl00-lb hagl
50. Maine Green Mountains fi00-lb.
bagl, sass; r, R. Early. ohios Ci0O-lb.
haci. 20. r r. Gamblers ii00-lh hagi 50.
Idaho RusSets (i00-lh bag s2.40: Idaho
bakers los boxl 50 50: Col. McClures 100
ID bag. 50 20: New Texas Triumphs so
ID. hagl. sails. Sweet potatoes. Indiana
Jerseys Us bnskel $50; mediums
tbusheh. 81; Tennessee Nancv Halls
thampsr). Sis; Southern Porto Ricans
grown buttons fdoz9. 45c: white. 40c.
Rhubarb. dollhouse (bunehl. soc. Ruta-
bagas. northern t50-lb bag) s5c. Sage
t.oog.lo 4sc; shallots. Louisiana fdoz
si.io Turnips. home grown washed
lbushell, $50. Tomatoes repacked TO-
u. boy. $l.4o; original Cuban l30-lb.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
TRANSIT REVENUES UP

Times Special
NEW YORK, Feb. 17.-Transit
revenues for the week ended Feb. 8,
as reported by a representative
group of companies, continued to
show Improvement over a year ago.
The indicator stood at l04.06.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
SEEK REGISTRATION
Foreign Firms File Applications
With Security Commission.

Times HpectdJ
WASHINGTON, Feb. 17.-Three
additional foreign issuers have ap-
piled for permanent registration on
the New York Stock Exchange, the
Securities and Exchange Commits
sion revealed today.
Companies filing applications in
Guided the City of Antwerp, Com
pagnia du Chemin de Fer du Nord
and the DEPARTMENT. de Antioquoia
of the Republic of Colombia.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17

Durant Case Cited
for 'Gullible'
Citizens.
BY JOHN T. FLYNN

NEW YORK, Feb. 17.-As the
- stock market ferments and
the promise Of easy money in
vites the ever-gullible American,
let him who is tempted consider
the case of William c. Durant.
Durant has just invoked the
shelter of the bankrupt court. The
founder Of General Motors, the
owner of several fortunes running
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
TREASURY STATEMENT

by United Press
WASHINGTON. Feb. l7-Government
expenses and receipts for the current fiscal
year to Feb. IA compared with a year ago
This Year Last Year.
Expenses s4.531, 946, 1872 So 81. 800. asa, 731 n
Receipts. 2.239.l32. 936.05 2,1S2 054 162 II
Deficit 1882, 763. 996 Al 2i2i 4i0 569. so
Cash bal. 1870. 007, 946.l9 Abs. 04i, 449 Sc
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
NEW TRUCKS INTRODUCED

9meS Special
DETROIT, Feb. 1.-THE REQ
Motor Car Co. has introduced a
complete new line of stream-l Lined
trucks and BUSES for 1886 with a
base chassis price of $795 f. O. b.
Lansing, it was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
CALLS EXTRA ISSUES
Holly Sugar Corp. to Retire S221 900
Per Cent Bonds on April /.

6 Per Cent Bonds on April /.
Times Special
NEW YORK, Feb. 17.-Holly
Sugar Corp. announced today that
in addition to satisfying the April
1 sinking fund amounting to ap-
proximately $4,000, it had in
structed the bond trustee to call by
lot as of April an additional
S221000 principal amount of it's
outstanding first mortgage per
cent sinking fund bonds, Series A.
The call price of these bonds is
to be fixed by the mortgage at 102
plus accrued interest. This redemp-
ton will leave outstanding as of
April / 100000 of bonds.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17

ticular destination, but away.
Among other forms of Transports
ton he did little hitch hiking
in buggies and farm wagons. One
farm wagon chauffeur RECALLED
him with the countless virtues
Of his vehicle and the company
which made it.
Durant made up his mind. He
went to the manufacturer - a
small one for now, but not so
small then-and found producer
who knew how to make good
wagons but didn't know how to
manage his finances. Before long
Durant was the owner OF that
business. He became one of the
leading manufacturers of horse
drawn vehicles.
TIE was among the first to see
Il l. that the rise of the auto had
doomed the horse. And SO while
other wagon and buggy makers
we're still laughing at jokes about
how old Dobbin had pulled the
funny little Ford out of the ditch,
Durant went to making bodies and
autos.
Ultimately he got hold of or
founded the Chevrolet Corp. and
became one of the largest pro-
ducers of low-priced cars after
Ford. Then he founded the Cen
eral Motors Corp. But then he
began to learn the fatal tech
niques of high finance-the magic
uses of the corporation, corpora
ton stock, holding companies,
The great industrial producer
became a great Wall Street oper-
ator. Presently he was in a death
struggle for the possession of his
General Motors and in time that
was wrested from his hands.
Then he established the Durant
Motor Co. But all the time he
was in Wall Street. Rumors of
great coups by Durant or great
losses by him were frequent. He
sat surrounded by telephones lead
ing to his brokers' offices.
XXTHEN he went to Europe he
w spent fortunes on long-dis-
lance telephone calls to his Wall
Street representatives. His hand
was in numerous stocks.
The Importance of all this lies in
this fact-that Durant had mind
of astonishing quickness in grasp
ing financial mysteries. He had
at times almost unlimited re-
sources in money. He had access
to inside information which no
outsider ever gets save from the
barber of a fellow who knows the
husband of a lady who works in
the office Of the deputy third as
sistant vice president of the COM
pany.
He devoted practically all his
time to watching his various oper-
atoms. Yet with all this he ends
with assets of $3.50 in clothes. This
explains why you, supplemented
investor, end without even shirt.
The lesson is that you, without
adequate funds. without special
training in Wall Street finance,
without access TO reliable data,
without the time to study corpor-
ate affairs, can not possibly hope to
win where the DTants and Liv-
ermoreS and insults lose.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
Chicago Grain Futures
LOCAL CASH MARKET
(By Blyth & Coz
ArEHu NnRK RANrE cEC

City grain elevators are paying 90 cents
for No. 2 soft wheat other grades on
their merits: Cash corn new No. yellow
so cents and oats 81 cents.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-17
Average Dollar Sales Gain

Daily average dollar sales of general merchandise
IN small toCns and rural IN January cere up ap-
prorimatey 10 per cent compared Nth January 1885.
The Coolidge examiner., 1936-09-25
QUESTION OF TWO COUNTIES

The suggested of making two counties out of
Pna is attracting considerable interest the County
and neighborng counties AS both voters and taxable
wealth of supervision district No. exceed those OF Nos
and combined the No. residents became inspired by
that time principle that Taxation without
sentaon is unjust We know of notable instance of
where objection such condition sustained and
political separation resulted.
We have record of still fresher incident where
of the South picked and left unce bed and board
then after four years of pretty nsense argument took
our clothes back home Patriotic sages of that time
nized the merit of our cause but said could win
and advised that stay home and fight for rights
Any of this nature should have cool deberaon and
cautious procedure avoid any serious reparabe
error feel that every for adjustment and
caton should be exhausted before any drastic
employed
However, in this it appears that the proposed
division right up the alley the other two districts
advised that both of their supervisors approve of it, and
their representative press goes better and pro-
poses three divisions
But there is thing that cannot figure out The
capital daily reports that supervisors and in
ference with state officials at which time they took up the
matters of new court house for Pnal County Now,
can't where they could buy court house until their
county lines and built at the present site
they would be reminded annually of the expense b also
it would not be in their county.
We feel that demand for fair and equal representa-
ton is usfabe. No deny that it is right and
only believe that such request will have favorable
action the character of officials that have these af
fairs in their hands.
From the murmurings gaining volume, and from our
point of observation have apprehensions that Pna
County preparing to sing that beautiful little ballad
titled There's bug your collar, Sister Mary.
The Coolidge examiner., 1936-09-25

under the federal program of CO.
operation in public projects to pro-
vide employment.
The unit in which the pool will
be built was begun April 9, and is
well under way. In addition to the
pool, space for a womeu's ward will
be- provided, and a kitchen and
central heating plant. The build
ing will total 1915 square feet of
space, and is estimated to cost ap-
proximately $4,000.
The pool will be equipped with
apparatus for supporting patients
suspended in the water, county Of
ficals plan. Water will be warmed.
The strengthening exercise is the
chief method of aiding recovery
from effects of the disease, authori-
ties said. The bouyancy of the
water makes possible exercise with
out ever-exertion.
Nurses Quarters
A unit of the hospital already COM
pleted provides nurses quarters.
The building includes 13 private
rooms, each of which ac4ommo-
dates two nurses, quarters for the
superintendent, rooms for the day
and night supervisors, a basement
sleeping room for nurses on night
duty, and lounging and reception
room.
The building is of 12-inch stabi-
lized adobe bricks on concrete
foundation, built in the shape of
an "L." Ii is floored with concrete.
Walls terminate in brick copings of
typical Spanish design, and the re-
ception room opens front and rear
onto open verandas with Spanish
tile roofs. The Spanish design is
followed in planning the other two
units.
The building is steam heated
from the central plant
Its construction cost of total of
$18,631, including WPA administra-
tive costs and office expenses, dis
trict Works Progress Administra-
ton officials said.
Mems Ward
A unit of the plant providing
space for a mems ward of 88.bed
capacity is far advanced. Work was
started late in February, and is at
present progressing on interior
finishing. The unit will total T.
633 square feet of space, and in de-
sign will be similar to the complet.
ed nurses building.
The building is estimated to cost
approximately $4,000 of federal
and county funds.