davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1936-12-30

an
other depression will and that then will again
want to get ourselves into the of Government bor
rowing and spending Thus credit now so
that we can destroy it again later
Never the naive ideasm of New Deal economist show
itself unbushingly The obstacles be by
doing something to "the wi of "the Government it's
people," To this end committee be appointed by
President to develop this w and to mobilize popular sen
ment
Then are to be imposed on more people of
small MEANS and the rates raised people of moderate
Then will retire the debt, that will be in position
to raise another debit
But does this any enthusiasm your breast?
Ut course you are just one of Its people who belongs
to he Government lack of the will
make little difference But how do feel about propaganda
to line up all those voters who cannot will not pay
direct taxes to put tax that will make your
small medium income bear the debts incurred for CWA
WPA, NRA and Tugwells schemes?
If the professors scheme adopted doubt would
be middle class left to soak with the debt
depression.
Fortunately tendency this country is to insist upon
cash basis for the next The hope that this would go
far to prevent So, too, hope and believe that
the next depression rolls around will remember the futile
and costly war depression which Mr. Hoover began
Mr. Roosevelt carried Instead of png debt and
adding relation to nflaton make seek prompt qudaons
and recovery.
The only why the politicians have into such huge
debt that would not let price
be corrected by market forces The we not
iqudate debts Instead the politicians the
purpose of fighting the settlement Of debts.
Now they want to tax just begin delayed re-
covery in order to be prepared for another debt
doubt that any propaganda will put this The
people will not want their period of prosperity nerfered
with the scheme involves very broad assessment it could
not be passed. Some will ask why should sweat order to
vaorlze the taxexempt bonds Finally the professor himself
that with the low interest rates. an even larger debt
burden be carried with ease (And the mathematical
economists have showed us how to keep money "easy"D
The professor that the accumulation debt now would
De like paying current out of capital But
should have said t VAST The debt is already there The
capital has been wasted
The only practical recourse is N stop spending and
~ to write the debt downas will eventually done one
way or another'
The Washington times., 1936-12-30

to every person in the country.
1t must be, therefore, that something in the
proposal made on Monday by the young econo-
mist in Chicago went beyond the bounds of
common sense. Otherwise, why the newspaper
headlines?
And sure enough, as one reads the report,
the man-biting- g-a-dog aspect of the proposal be-
comes apparent.
The gist of the matter is that it is proposed
to set up propaganda machine at Washing
ton to mobilize public opinion in favor of
laying the burden of the Governments spend
The Washington times., 1936-12-30
HANEY E'5::; ;: s::: s1:; S:s: os:: 3:
AAA AA -A - yond Bounds of Common Sense
By LEWIS HANEY

Professor Of Economics, New York University
There be nothing novel about economists pro-
poa that the Nations public debt be reduced by raising taxes
This quite ordinary idea which probably has occurred
The Washington times., 1936-12-30
New York Produce

NEW YORK, Dec. 80 U.N.s).-Eggs
market weak.
Nearby white specials. S2E 932hc;
standards, 31he; mediums, 2sg2s4zc.
The Washington times., 1936-12-30
NEW YORK STOCK EXCHANGE QUOTATIONS
Volume Yesterday
2,2S0,00O Shares

Name and Net
Dividend Rate High Low 1z:4S Cn &c
The Fort Peck press., 1936-04-30

to give black eye" to old age
pension and social security meas
ures in general. Above all. it wants
to tear to pieces this Movement OF
the poor and middle classes that
has gained surprising power in an
astonishinely short time.
1t was proposed on the floor OF
Congress that the resolution Tor
probing the Townsend Movement
be ammended to provide for investl-
eating other movements that are
against old age pensions - the
American Liberty League being one
of them. Plainly enough, the
instigators of the Investigation
wanted to brand prO-pensiOD move
ments as "rackets,' while spread
Ing the impression that anti-pen-
sion movements are pure, patriotic
and, like Caesars 8 wife, above sus-
picion.
The Fort Peck press., 1936-04-30
Published Thursdays
HARRY w. SANKEY. Editor,
JERRY R REINERTSON, Publisher
Aim of Probe
Is to Smear
TownsendPlan

The old saying, we love him for
the enemies he has made, may
be applied with degree of ap
prOpridteness 70 the Townsend
Old Age Pension Movement which
is now being invest gated by a
Congressional committee. No mat
er what faults may be disclosed re
specting the Townsend orgaulz atom
the fact remains that the most
violent enemies of this and other
old age pension movements are
the plutocratS aud reactIonarieS
Just what is the purpose back of
the investigati0n-Or iuqtiisltiOn
as many have called it?
When II is observed that the
American Liberty League, the
Crusaders and other organizations
financed by Wall Street, Morgan
The Fort Peck press., 1936-04-30

and the investigation and have
been bitter foes of the Townsend
Movement from the outset, it is
easy to analyZe the Investigation
more accurately. Its aim to "smear"
the Townsend Plan and indirectly
all other proposals for substantial
old age pension There are other
pension movements that might
have been picked out for probe,
but they have not the strength OF
the Townsend Movement ano are
therefore, not as serious a menace
to big business.
Plutocraty is alarmed at the
spectacle of millions OF farmers,
workers and small business men
uniting solidly in definite move
ment of any kind, Such solidarity
is menace to CapitallStlc control.
Masses, welded together In support
of a single proposal ike the Town
send Plan, can, if thew Continue
their OrganlZa non, force other SO
cial welfare laws. Inc prospect
OF permanent UNITY among the ex-
plotted elements of our citizenship
no matter what the Immediate OBJ
jecuve, Drlne> diSuay To the pow
er> that prey" They are desperate,
And they are determined 10 paint
the movement aS dlSreputaOle IN
order to make Ii appear repellent
to the voters
The Investigation does not seek
to expose abuses aud irregularities
in the Townsend organization for
the sake OF high ideaIism. 1t wants
The Fort Peck press., 1936-04-30
NOTICE

All those who were connected
with the Swenson Electric plant
will settle with them in full. with
drawing all deposits made with
them. All who wish to take cleo
trical current from us will be re-
ouired 10 maze sufficient deposit
with us to secure the payment OF
their bills before they will be con-
nected
We guarantee our deposits and
so interest on the same.
The majority of people think a
company or corporation strong
enough financially to stand any
and all losses and to beat them
out of bill is no crime.
We have taken over this utility
because we wished to make this
town the best place in which to
live. We do not wish to make any
money but we do expect to break
even.
We wish and expect your full
1t has cost us a lot
and it is for your bent fit purely
and solely.
Joe Frazier
The Fort Peck press., 1936-04-30
SEE THE
Diesel Institute
Representative
AT
Fort Peck Press
BUILDING.
NOTICE FOR PUBLICATION

NOTICE FOR PUBLICATION
Department of the Interior. U. ). Land Of-
flee at Great Falls, Montana. April |, 1886.
NOTICE is hereby given that James l..
Wiseman, Of Nashua. Montana. who on May
IL, 1881. made h omestea i Entry Serial. No.
O772oS, for S1s. Section II. Township 23N., range
4E, Prin. Meridian, has filed notice of inten-
ton to make three year Proof. to establish
claim to the land above described. before Otto
M. Christinson, U. S. Commissioner, at Glas-
cow, Montana on the 18th day Of May, 1895.
Claimant names as witnesses: Frank Car
man, Arthur Anderson. Bert Boughton. Sam
Lewis, all Of glasgow. Montana.
THOS. F. CORDIALLY,
Register.
(Pub April 9-May y
The Fort Peck press., 1936-04-30
AT
Philco-May Store

WHEELER
You will find these remarkable
values.
Kitchen Cabinet $ll75
4 burner Perfection Oil Range
ike new. Cost Sl35 90. Now $27 so
Kitchen Range $2l.00
Montgomery Ward washer
liAe new-less motor $3.50
with motor $28.OO
Easy Electric washer
less motor 1915
Maytag square tube gas washer
very good $45 90
Airline 8 tube Console Radio $22.75
Atwater Kent Elec. Radio $8.75
Midwest Electric Radio $3.50
Stewart Warner Battery Radio
nearly new $24.50
Coranado $l6.75
Kitchen Chairs each S1,15
New Electric Irons $50
New Electric Toasters $.9S
New Electric one burner
Hotplate $,89
New Electric two burner
Hotplate $1,98
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-07
MOST OF G. O.P.
DELEGATIONS so
FAR UNPLEDCED
Knox and Borah Dispute
G. 0. P. Result; r. D. R.
Backing Solid.

BY United Press
WASHINGTON, May 7.-Eleven
presidential preference primaries
so far showed today a Republican
preference for uninstructed nomi-
mating convention delegates and
uniform instruction for President
Roosevelt wherever Democrats had
an opportunity to vote.
Division of 81 Republican dele
gates from Illinois still is disputed
between supporters of Frank Knox,
Chicago, and Senator william E.
Borah. Mr.. Knox led Senator
Bcrah in the Illinois primary, but
accumulated his majority in Chi
cago. while Mr.. Borah polled bet
ter in rural areas.
The Republican primary box
score, excluding Illinois, is as fol-
lows: Uninstructed, 261; Borah. IS;
Knox, IL.
New Hampshire, Knox IL.
Wisconsin, Borah 81; uninstruct-
ed, 3.
New York. uninstructed, 30.
Nebraska, Borah, IA (of which II
lean toward Landon)
Pennsylvania, uninstructed rs.
Massachusetts, uninstructed 33.
Maryland, uninstructed 16.
California, uninstructed Al.
South Dakota, uninstructed Lam
don delegation leading Mr.. Borah
on incomplete returns, 3.
The eleventh primary was a
strictly Democratic affair in Ala
bama.
All 1913 Democratic delegates elect
ed so far would vote for Mr.. Roose-
welt under the existing unit rule. If
it is abrogated Gov. Alfred E. Smith
and possibly few other New York
ers might vote mo" at Philadelphia.
There are two unpledged delegates
from Massachusetts, but both are
friendly to the New Deal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-07
RENAMED
BY CHURCH COUNCIL
Ohio Clergyman Still Heads
Religious Group.

The seventeenth annual conven-
ton of the Central District Council
of the Assemblies of God yesterday
reelected the Rev. G.. F. Lewis,
Youngstown, o., district superin-
tendent at a session in Tomlinson
Hall. The sessions are to continue
through tomorrow.
Others reelected officers are the
Rev. A. B. Cox, Dayton, O., assist
ant superintendent; the Rev. James
D. Menzie, Gary, secretary, and the
Rev. Earl E. Bond, Conneat, o.,
treasurer.
Present presbytery officers re-
elected are the Rev. John P. Ko-
lenda, Lansing, Mich; the Rev. S.
Raymond Fostekew, Battle Creek,
Mich; the Rev. j. R. Kline, Detroit;
and the Rev. j. G.. Williamson, Ter
re Haute.
The young peoples organization,
of which the Rev. Wilbur j. Cox,
Hammond, is chairman, hel da ses-
sion yesterday as the mornings pro-
gram, Speakers were Glenn Horst,
New Philadelphia, O., and the Rev.
Donald F.. Foote, Ludington, Mich.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-07
TWO PURSES STOLEN
Women Report Combined Loss of
1896 in Money, Watch.

Police reports today showed two
women as the victims of purse
snatchers.
Mrs. Katherine Passwater, 90, of
Anderson, missed her pocketbook
while sitting in a downtown theater
yesterday afternoon. 1t contained
a drivers license and $3.50.
Mrs. Faye Thompson, 2762 Ma
poieon-st, said some one cut purse
off her arm while she was shopping
in a department store yesterday
afternoon. Money and a watch,
valued at 1868, was taken.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-07
COOP MOVEMENT TO
BE SHOWN IN MOVIES
European Progress Featured in
Film at Church Tonight.

Movies showing the development
since 1874 of European producers
and consumers co-operatives are
to be shown in the social room of
the Tuxedo Park Baptist Church at
8 tonight.
The pictures, made by Farm Bu-
reau representatives during. re-.
cent tour, show operation of stores,
banks, factories, ships, plantations,
creameries, mills and meat packing
plants owned by producers.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-07
i. u. Student Contest Winner

Times Special
BLOOMINGTON, Ind, May T.
Robert A. Smith of Whitestown,
Indiana University student, today
was named winner of the 1885 state
French contest for college fresh
men.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-07
Pedestrian. 80. Hit By Auto

Eighty-year -old Robert Smith,
$40 N. Dearborn-st, who was
knocked down by an automobile
yesterday at 10th and Dearborn
SITS, today was reported in fair
condition at City Hospital.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-01
CANADA FACES
LARGE DEFICIT
IN new PERIOD
Dominion Has $4,000.
900 Burden as Fiscal
Year Begins.
BY United Press

BY United Press
OTTAWA, Ont. April Faced
with a deficit approximating s14o.-
100000, Canada today began a new
fiscal year.
In spite of increased revenues
during the last year, this years
deficit exceeded by more than s24.-
100000 the deficit of the preceding
period.
The situation, it is explained, is
due to three factors: Abnormal re-
quirements for relief, the $4,000, 900
deficit of the state-owned Canadian
National Railway System and
drain of $37,000,000 on the federal
treasury as the governments INSTALL
ment of financing embarrassed
Western provinces.
From new trade policies a freer
exchange of commodities Is calcu-
lated to stimulate business and in
dustry and increase revenues. New
legislation being introduced IN par
lament contemplates the wiping out
of the Canadian National Railway
deficit.
Seek Railroad Cooperation
Under this plan new board Of
directors will be expected to direct"
There is no idea of amalgamation
with the privately owned Canadian
Pacific Railways but it is believed
that millions of dollars can be
saved to both systems by effective
cooperation and by eliminating
improbable, competitive services.
Cooperation between the two lines
will be made compulsory.
AS regards the relations between
the federal treasury and the West
ern provinces, to which, in the last
five years, the Dominion has loaned
s120 200, 900, the declared intention
is to call for a "show down" The
federal authority intends to pre-
scribe definite regulation of pro-
vincial borrowings if it's credit is
to be used for the projected extern
sive refunding measures and other
wise.
If the provinces will not agree,
then the Dominion government pro-
poses that they will be left to their
own resources, even to the extent of
being allowed to default.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-01
On Commission ROlU

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission uealers.)
FRUIT - Strawberries: Florida. pint,
&c, 3S-pint crate $3.50. Pears-Washing-
ton DAnjo COOS boxl 32s. Limes-Mex-
lean. carton. zoe: Persian seedless tdoz.l '.
4Sc. Bananas, seven hands, poune. sH ;s.
AppleS-Delicious fancy baskets, S2.la;
Jonathans, Si6s: Rome Beauty. sl35.
Lemons-Sunkist ts60sl. $3.50. Grapefruit
Texas seeoless t54s-s0sl. 81; Arizona
Sunkist (sosl. So. Pineapples-t24sl crate,
es25.
VEGETABLES 49, Artichoke. California
tdozl. 81. Beans. green round string.
less thampersl. sS.so44. Beets-Texas %
doz. cratel. 81 rs; cut offs tbul, 81. Cab
hase--New Texas icratel 81; half crate.
s275; Texas t3ts dog. erstel $3.50. Cauh-
flower, California las cratel, .si.s5. Celery
Florida washed and trimmed tdozl. Asa
ucumbers-Hothouse Idoz,l. $3.50; south
ern husheD Sc. Egg plant--Florida ldoz.l,
$3.50. Kale- Virginia bushen s5c. Let
home grown leaf us-lb baskets, Use En-
dive-california ldozl. Use. Peppers
Manages tcrstel S.; peck basket; $3.50;
dog; soc. Mint-Hothouse ldoz,l. Csc.
half crate, 81 40. Onions Indiana yellow
s50-lh. bagl. Use: Colorado Spanish l50-lb.
bag). si.s5. oyster plant-Home grown
ldoz 4oc, Parsley-southern tlons bunch
washed. bushel 81; half bushel. 6oc. Peas
Florida, hamper. 81: Texas. crate, S35
Michigan Round Whites l00-lb.
has. s16s; Maine Green Mountains. l00-,b.
bag s2.25; II. r. Ea-iy Ohio. i0o-lb bag
81 90: r. r.. Triumph. ioo-ib, bag. si.s5;
Idaho Russets. l0e-In. bag. s2.25; Idaho
bakers. los boz. $3.50 New Florida
Triumphs. s0-lb bag s27s. Sweet Pota-
toes tennessee Nancy Halls, hampers.
slis indiana Purerto Mcans bu crate.
$3.50. Radishes-Home grown buttons.
doz.. 65d7Sc; white. soc. Rhubarb-H Hot
house. bunch. 45c. NEUTRALITY-SUSPICIOUS.
60-lb bag 81 IS Sage-Doz. 45c Shaliots
Louisiana. doz,, 45c. Spinach--New Texas.
hu. 81. Turnips-New bulk Texas bu..
Sis. Tomatoes-Repacked. i0-lb. box.
SITS.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-01
AUTO OUTPUT SETS
RECORD FOR YEAR
Production Totals 1o1,9e5
Units During Week.
Times Special


DETROIT, April l. Automo-
bile production in the United States,
totaling 101 1868 units last week,
reached the highest level of the
current year, according to Wards
Automotlve Reports
Representing an increase cf more
than 5000 cars over the previous
weeks output of 96,9O6 units, the
level was the best since before
Christmas, and marked the fifth
consecutive weekly increase for the
industry. With f1ve-day schedules
restored in certain Chrysler di-
visions, the companys output
totaled 22,760 cars during the week.
compared with 19,775 in the preced-
ing week.
General Motors reached higher
ground, turning out 40,975 assem-
blies, against 39.250 week ago. Ford,
with total production of 25,25O held
approximately the same pace when
Is, 400 cars were turned out. indie
pendents almost uniformly had pro-
portionate share of the industry's
gain.
Production levels during April will
be increased slightly over the cur
rent figures, Wards stated. The
service declared that optimistic
dealer reports and orders at
factories indicate that the rate of
output by most manufacturers
would probably be held up longer
by them during the second quarter
of the year than was the case in
1885.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-01
STATE INSURANCE co.
HOLDS OPEN HOUSE
Agents, Policyholders Invited to
Attend Celebration.

Open house was being held today
at the indianapolis Office of the
State Automobile Insurance Asso-
citation in observance of the nine
tenth anniversary of the founding
of the company. Agents and policy
holders throughout the state have
been invited to attend the celebra-
ton.
Current assets OF the organization,
which is known as largest automo-
bile insurer in Indiana, are report
ed at $3,845, 008.37. During the last
year net assets increased by more
than 100000. More than S2.199,0 900
of the total is in government bonds
and 81 1925, 700 in Federal Land Bank
bonds, Joint Stock Land Bank bonds,
school, road and municipal bonds
and cash on deposit.
Since organization of the asso-
citation in 1917. policyhc}ders have
been paid more than $23, 072, 900 in
losses. The company employees more
than 100 people in it's Office. Officers
of the company are w. E. Mckee,
president; Arthur Wolf, vice presi-
dent; M. j. Mckee, treasurer, and
Alex Corbett Jr., secretary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-01
INVESTORS SEEK
BETTER YIELDS
IN SEC0NDARIES
Semi : Speculative Bonds
Bought to Bolster
Fading Returns.
BY CHARLES III. HUFF
Times Special Writer

NEW YORK, April Invest
ors who are dipping slightly be-
meath the strictly high grade brack-
cts in bonds. with conservative por-
tons of their funds, for the purpose
OF giving some measure of boost to
the yield of their portfolis, are ad
herring in the main to the lines of
basic industries and of carriers
which appear to be or the high
road to recovery.
BY at least that faction in the
semi-speculative bond market, aloof-
ness is still maintained toward The
issues of companies that can not
be directly classified in the field OF
definitely essential industries.
Steel oil and construction ma
terials are most highly regarded by
this class of investors, according to
views expressed in bond houses.
Center of Attraction Switched
The carriers have became persist
ent favorites with the same group
because of the belief that railroad
revenues, which already have crossed
the depression barrier in many in
stances, cannot fail to benefit from
any tangible upJurn in the heavier
industries.
The influx of this brand of buy
ing interest into the bond market
has switched the center of attrac-
ton from groups which appeared
frequently as favorites in the earl
Ter stages of the general bond mar
ket advance. Some of the more
fanciful spectators crowded around
the liens of amusements, motors and
speciality manufacturers, but the in
lection OF the more conservative in
vestment attitude into the specula-
tive field has swung the bulk of &C
tivity to liens that represent bed
rock essentials.
Drastic Squeezing Process
For a long time the steady
markdown in coupon rates in sue
ceeding corporate refunding opera
tions was charged directly to the
Federal government. 1t was claimed
that corporate rates merely were
following the pace set in the bor-
rowing market by the Treasury, in
its serial financing.
Investment market observers adj
nit now that the performance has
been largely reversed. The pres
sure on rates now is being exerted
by corporate refunders.
So drastic has been the squeezing
process from that source, it is
pointed out, that investors have fled
to the government bond market,
driving prices up and yields down in
that sector. Sometimes it almost
appears in doubt that government
paper is going to be able to maintain
the margin, which additionally
adheres to Federal securities.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-04-01
FRANC DUE TO
BE REvALUED
WITHIN WEEK
Reserve Heads Also Predict
French Embargo on
Gold Exports.
BIZ United Press

BIZ United Press
WASHINGTON, April 1.-Offic-
ials of the Federal Reserve System
see in recent developments in the
international money market an cas-
ing of the perplexing problem q
huge gold imports piled up in Re-
serve banks.
Monetary experts predicted
l. An embargo against exports Of
gold will be declared soon by
France.
2. The franc will be revalueo
within the week.
This, they said, will cut off the
intermittent attacks which nave
caused more than $1,000, 100000 in
gold to be drained from the Bank
of France.
Change almost Inevitable"
Fiscal authorities said this prob
ably will end the heavy bullion
shipments forced from France to
this country by war rumors and the
rise in American security prices.
They said it was probable that
France would seek revaluation as q
result of the latest assault on the
franc, threatening new huge drain
ages of gold.
If emergency measures by the
Bank of France, headed by the
raising of the discount rate to s
per cent, fail to alleviate the sit
uation caused by the francs decline
beneath the gold point, Reserve
Board economists believe a change
in Frances monetary structure al
most inevitable"
Franc Status Studied
The board of governors is par
ticularly interested in the status of
the franc. Resumption of the flow
of gold from France would cause
grave difficulties to the board
Every ounce of gold received in
American ports adds $35 to the pile
of excess reserves accumulated in
the vaults of the Reserve System
Aided by the vast March fnanc-
ing operations of the Treasury
involving government offerings OF
almost $2,000,0O0,0O0. the excess
balance has been reduced to ST.
100000 from $4,000, 10000 900.
Removal of France as the last
gold standard country of impor-
lance would strike a blow at hopes
of some economists to bring the
world back to it's previous monetary
levels.