davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
FAULTY BUILDING.
OF U. S. HOMES
NOTED BY Hole.
Many Houses Have I'M
proper Foundations, Says
Architect.
BY FREDERICK G. OTHMAN
United Press staff Correspondent

WASHINGTON, March 3.-The
New Deal, which ought to know be-
cause it put up the cash for the re-
pairs, reported today that many an
American home owner didn't get his
moneys worth when he bought his
house.
| There were so many things wrong
with so many homes upon which the
Home owners Loan Corp. was asked
to make loans that it hired a cele-
brated architect, Pierre Blouke, Chi
cago, to supervise remodeling. The
corporation has taken mortgages on
100000 houses, but it had to repair
third of them before it could safe
ly make the loans.
Most of the repair money, includ-
ed in the mortgages, went for leaky
roofs and new coats of paint, and
averaged around 5000 for each house
reconditioned. Mr.. Blouke discov-
cred, however, that many an appli-
cant had been victimized by fast
talking Jerry builders"
Many Foundations Improper.
Numerous homes do not have
proper foundations, he said, causing
them to. settle and crack plaster
walls and ceilings.
Very often houses are placed dis
regarding the natural drainage and
if this is done without protecting
the foundation walls by drain tile,
Easements become unduly damp and
to some extent cause structural diff
ficulties.
Masonry walls of any description
or chimneys should never rest on
wood framing. Doing this has been
the cause Of many masonry troubles,
because the wood shrinks and pulls
away fro mthe masonry, the walls
settle and become fractured. Chin
neys do the same, porducing a fire
hazard"
Trouble From Poor Paint
Many homes produced during
building booms of the last several
decades, he continued, suffered from
the use of green framing lumber.
1T does not take very long to
notice shrinkage in this lumber"
he said. This fault can not be
cured by good craftsmanship or de-
sign"
There also has been considerable
trouble caused by poorly applied
paint. Some contractors have
painted damp surfaces, while others
have done painting in the dead of
winter, both practices which neces-
state new paint job few months
later.
Mr.. Blouke picked a particular
bone with architects who have built
fancy houses, with trick angles and
chopped-up roofs.
Lauds Colonial Architecture
Every change in direction of a
wall costs money and adds a haz-
ard which might be avoided" he
said. Broken roof lines producing
valleys, saddles and pockets for wa
ter or snow to collect, add to the
Initial expense and maintenance,
and increase the hazards of having
a leaky roof"
He urged that the builders of
low-cost homes take few point
ers from the architects of George
Washington's time.
IAN examination of the design and
construction of early colonial homes
which have stood up for $50 years
discloseS simplicity in structural
lines and intelligent use of ma
terials," he said. This is funda-
mental principle from which our
Jerry builders have too frequently
departed"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
FIVE BUILDING
LEASES CLOSED
McMiIIin & Carson Rents
Downtown Structure at
FPS E. 0hio-St

Negotiations involving the leasing
of five Indianapolis Storerooms. in
Guiding a three-story downtown
business building, were completed
during the last week of February
by w. A. Brennan, Inc, Indian
apolis realtors, it was revealed to-
day.
The downtown structure was a
three-story reimbursement brick
building at 225 E. Ohio-st, leased by
McMillin & Carson, distributors of
commercial refrigerators, meat chop
pers, slicers, coffee mills, scales and
equipment for eating establish
ments. The company, which leased
the building for a number of years.
was formerly located across the
street in smaller quarters.
A one-story brick building located
on the property occupied by the
Ohio Oil Co. at the southeast corner
of Illinois and 38th-sts, has been
leased by the Anderson Chevrolet
Co., Inc, newly appointed Chevrolet
dealers for the North Side.
Drive-It-Y Yourself, Inc, have
leased the building at 129 Kentucky
av from the Houghan estate, owners
of the property. The company is to
use the building for its new truck
and commercial car department. G.
w. Acker, dealer for General Elec-
trio refrigerators, radios, and other
electrical appliances, has leased a
storeroom at 4207 College-av, owned
by the United States Post Office
Corp.
Benjamin F. Danford, operator of
fleet of coal trucks under contract
by local companies, has rented the
garage building at 871 Massachu-
setts-av for a number of years from
the Observation-Disclosures Realty Co.,
owners of the property, according to
the Brennan realty firm.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
Produce Markets

The prices quoted are paid for stock
gathered in the country, while delivered
in Indianapolis the price is a cent higher.
Heavy breed hens. 18c: Leghorn breed
hens. 13c; Leghorn springers. 12c: old
stays, 13c; old cocks. &c. Ducks, white, 5
lbs. and over, lie; geese, full feathered,
all sizes l0c; all guinness Ia lbs. and up,
l5c; No. ! strictly fresh eggs. .oss off, TIC.
Each full case must Isigh $ his gross, a
deduction of 10 cents rar-S i.uder SIS
lbs. will be made. No. 5utts~ :. 71GS431ac;
No. 2. STA G38iac. Butterfat. &c
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03

on the payment of a very small
commission - a fraction of a per
cent-while in the over the
counter market, the broker man
ages TO take very much larger
profit for himself by acting as a
dealer. He may sell you a share for
SIS but buy it himself for 70 or 70.
TINE spread of two or three and
- sometimes more points be-
tween what he pays for it and what
the price ne charges you is equiva
lent to his commission. The SEC
apparently is influenced by feel
ing that this is exorbitant and
could be ended if the shares were
traded on a recognized exchange.
This argument overlooks, 1 think,
a very important fact, and exag-
gerates the Importance of The COM
mission paid by the buyer of the
stock. Far more important to the
investor who buys a share of stock
is the price he pays for it.
1t Is much better 1 feel sure, for
him to buy share of stock, let us
say, for 500 and pay a 2 or per
cent commission Cor profit to the
broker than to buy the same share
for 5000 and pay only a quarter
of per cent commission, which
is pretty much what happens to
him in the market.
TINE whole machinery of the ex-
II changes as at present tends to
push the prices of stocks up. This,
of course, every one knows to be
true when we are prosperous. And
it is only when We are prosperous
that people have the money to in
vest and buy stocks.
Therefore, when they have money
to invest, through the instrument
talities Of the exchanges, they pay
excessive prices for shares that are
in great demand. And when things
get bad and they have to sell, they
sell at greatly reduced levels.
One of the factors which makes
the exchange a mighty engine for
indating values is this very prac-
tice of low commissions. 1t is the
thing which encourages trading,
quick turn-overs on small profits,
brings multitude of investors
into the market, creates an artificial
scarcity in shares in the floating
supply and runs prices up to in
defensible levels.
The commission should proceed
very warily before it persists in its
efforts to force all stocks into the
whirlpool of speculation on ex-
changes.
Copyright, 1896, by NEA Service, 1nc)
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
BUILDS NEW ENGINE

NEW YORK, March 3.-The Ora
ham-Paige Motors Corp. today an
the production of a Ora
ham-biult 112-horse power marine
engine embodying the super
charger efature used in modern air.
planes and in the new Graham SUI
motor car.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
F. A. C. MOVE SEEN AS
PREVENTIVE ACTION
Council Recommends Increase in
Reserve Requirements.
By United Press

BY OntteG PTeS8
CHICAGO, March s. Recon-
mendations of the Federal Advisory
Council for an increase in reserve
requirements Of member banks in
the Federal Reserve System were
accepted by financial experts today
as preventive action" against the
threat of credit imitation.
The Advisory Council, composed
of prominent bankers, issued the
recommendations to the Board of
Governors of the Federal Reserve
System. suggesting:
"A substantial increase in the re-
serve requirements of banks. This
increase should be at least large
enough to prevent a credit structure
being built on that part of the gold
holdings which may be deemed to
be transitory or temporary"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
NORTH SIDE REALTORS
CLOSE $1O1, 400 DEALS
Chairman Reports Negotiations in
January, February.

Real estate deals totaling $101,-
400 during the last week were Ae-
ported by members of the North
Side Realtors today. Howard w.
Fieber, chairman, announced that
during January and February the
North Side Realtors have closed
126 deals involving a total of $473,-
$50. Deals completed last week
include IL pieces of North Side
property.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
TRUST SHARES OFFERED
Times Special

CHICAGO. March "a public
offering of 10000 shares of 4 per
cent convertible preferred stock and
100000 shares of common stock of
the American Trust Co. is being
made through syndicate of bank
ing firms headed by Blyth g. Co.,
it was announced today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
FRUITS AND VEGETABLES

CHICAGO. March 3-Apples- Michigan,
nu. $50 SOC. Sweet Potatoes-Tennessee
bus SSWsoc. Beans-Florida, bu.. Si.25G
a.2o. Peas-California. bu. hampers. 50 5OG
Western crates. doz s2G250 Celery
Florida. crate: .s2M3,- Caulinower-Caii-
iornla. crate. 81 .25@l.45. Tomatoes-Mex-
crate. $3,5o@6,50 Onion marker tso-lh
sacksl. Western valencias. ST as: Illinois
yeilows; 50cdsl: Michigan yellows. Soc b
81; Indiana yellows. 50cGsi.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
Trends
Two Stands of SEC
Are Questioned
BY Flynn.
By JOHN T. FLYNN

NEW YORK, March 3.-The Sc
- ' curities aid Exchange Com
mission has taken two stands, lit
tie difficult to understand. One is
that trading in unlisted stocks on
exchanges should be continued.
The other is that policy of fore
ing shares from the overtime
counter market TO the exchanges
:s:.auld be encouraged. Apparently
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03

the commission
would like, ulti-
mately, to have
all S ecurity
trading done on
S t 0 c k e x
changes.
This is an ex-
tremely d a n =
gerous position
and one taken,
1 feel, without
adequate data
to support it.
T h e poin t
which seems to
weigh with the
commission is
t h a t S t &C k S
traded on ex-
changes may be
bought and sold
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
Local Securities

(By Indianapolis Bond & Share Corp.)
The following quotations do NOT rep
resent actual bids or offerings. but
merely indicate the approximate market
level on buying and selling inquiries or
recent transactions
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
BuSigrubhs

Cash dividend payments in jan
uary exceeded year ago by SO
per cent. That means increased pur-
chasing power. Payments on &C
count of accumulated dividends still
leads the list.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
COST OF LIVING
RISES STEADILY,
SURVEY SHOWS
Cheap Money Changes
Trend Toward LeSSeninq
Expenses.
BIZ United Press

By United Press
WASHINGTON, March 3.-Suc-
cess OF the policy of promoting re-
covery by raising prices has caused
a mounting trend in the cost of hv-
ing, statistics compiled by the Board
OF Governors of the Federal Reserve
System disclosed today.
Cheap money, resulting from fore
ing commodity values upward. has
reversed a trend toward leSsening
living expenses that started even
before the collapse of the bull mar
ket of the nineteen twenties. perusaI
of the boards index tabulations
revealed
A steady fall in commodity prices
was checked in 1888 when the ma
ton began to climb out of the de-
preston and the decrease in the dol
lars purchasing power began.
Index Rises Since 1888
From 1926, when the general index
was 103 biased on 100 for the aver
age years 1928 1925, it fell contin-
ually until 1888. In that year. when
economic conditions had just begun
to improve, the figure was only rs.
The index rose to rs in 1884, and
during the last year to 81.
There has been a IS per cent in
crease nj food prices since 1888. it
was disclosed. In that year they
were at the average level of 1913
with an index figure of 100. Last
October, the most recent month for
which statistics have been compiled,
they were listed at 1914.
Coincident with this increase in
prices has been development of a
year-old rising market in the ma
TONS stock exchanges.
TabulatiOnS by the Bureau of La
Dor Statistics disclosed at the same
time contradictory trend of rents,
forced downward by government
housing projects and municipal low
cost establishments.
Clothing Prices Mount
Rents were at their highest dur
ing years Immediately following the
war. In 1924 the index mounted to
100 ana Inen sank pack 10 153 IN
1929. Since then it has continued
downward without a break to 1918
last month, when most recent tabu-
lationS were made.
Price of clothing has mounted
steadily since June, 1888, when the
index was 1928. Since then it has
climbed more than IL per cent.
Wholesale prices of grouped COM
moditieS were at a low of 65 in 1882
and improved only slightly to Sc in
1888 They reached a recent peak
of 81, compared with the 100 level
of 1926.
Fuel prices have remained COM
paratively low, although they climbed
eight points since 1888.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
Securities Sales at Peak.

The SEC he's announced that dollar Ualue of sales
on all registered securities exchanges in January ,cas
the largest since the commission began compiinq fo-
ares this basis in October 1884
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03

Quotations below subject to change are
average wholesale prices being offered to
buyers by local commission dealerSD
UITS-Strawberries: Florida pint,
zoe; 36-pint crates. 19c. CranberrieS. c. c.
Howes. Eatmores 25-lb box, So so. Pears:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-03-03
N. Y. Bonds
DAILY BOND INDEX
u. s. GOVERNMENT BONDS
(By Abbott, Proctor & Paine)
TreaSuryS

Copyright 1886 by Standard Statistic
Evening star., 1936-03-18
MANY INDUSTRIES
RETA|NN. R. A.PAY
Conclusions of Presidential
Committee, However,
Carefully Qualified.
BY the Associated Press.

BY the Associated Press.
After q survey Of 41,550 firms,
labeled as q general cross-section Of
industry as a whole" q presidential
committee today reported that IS per
cent of the establishments studied had
retained the wage and hour standards
set by the now-dead N. r. A.
The study. made by a committee
headed by Capt. w. p. Robert Of the
Navy Department, carefully qualified
its conclusions, stressing that the fig
ures did not show the actual amount
of relaxation from Blue Eagle
standards.
Alongside this report on the Presi-
dents desk was placed a statement
from George L. Berry's Industrial
Council, urging the Chief Executive
to stop Government competition with
private enterprise except where neces-
sary to the public welfare.
"Th intrusion Of Government into
competition with private enterprise.
except in situations where the public
welfare can only thus be served. is
wholly destructive" said the report Of
the Berry council, composed OF busi-
ness men who were organized by the
New Deal some time after the N. r. A.
was invalidated.
The Robert -. r. A. report was
sent to the White House with q some
Evening star., 1936-03-18
EMBEZZLER SENTENCED |
TO TERM OF TWO YEARS |
BY the Associated Press.

BY the Associated Press.
RICHMOND, Va, March ls.-Judge
John L. Ingram Of Richmond Hastings
Court today imposed a sentence of two
years In the State Penitentiary on
Harvey z. Atkinson, former assistant
In the State division Of purchase and
printing, who pleaded guilty to q
charge Of embezzling $2,5s6.9l.
Asserting that people who are pub
lie oficials stand in q different Hight
from those who are employed by pri-
vate firms" Judge Ingram rejected
the suggestion Of Benjamin Loven-
stein, Atkinson's counsel, that the de-
fendant be sent to an institution for
at least nine months for treatment for
heavy drinking" to which Lovenstein
attributed his clients error"
Lovenstein said $1,000 Of the short
age had been repaid and arrangements
were being completed for paying the
remainder. Atkinson was arrested and
indicted after resigning his position.
Evening star., 1936-03-18
Depend on Zemo
for Skin Irritations

Are you suffering from an itching,
burning, irritated skin? There's
no need to. For 25 years Zemo
has brought welcome relief to mill
lions of sufferers. Because of its
rare ingredients, Zemo usually
cools, soothes and relieves the
itching of eczema, pimples, rashes,
ringworm and similar annoying
skin irritations. Buy Zemo today
Get quick comfort. Zemo has
been tested and approved by Good
Housekeeping Bureau, No. 4S74:
Zemo belongs in every home. All
druggists, 35c, 60c, 81.
Evening star., 1936-03-18

what critical letter by Secretary Roper.
The study was largely completed be-
fore the Commerce Department was
given Jurisdiction over N. r. A., and
Roper said the tabulations were "rea-
sonably accurate" but, In some In
stances, misleading"
The committees final conclu-
sion was:
"Taking all the Industries surveyed,
the majority Of the members thereof
and those carrying by far the largest
number Of employees adhered sub
stantially to the code labor standards;
similar comments apply in regard to
those adhering to trade practice stand
ards"
Tabulation of the figures for the 80
industries studied showed, the report
said, that out Of 1850 firms, employ
ing 100000, approximately $4,000
firms. employing 100000, completely
maintained both hour and wage stand
ards prevailing under the Blue Eagle.
Departing from both hours and
wages, the report said, were 6,470
firms, employing $4,000; from wages
only, 2,456 firms, employing 10000;
from hours only, 1900 Arms. employ
ing $4,000.
Significant Facts Omitted.
Roper said there were Significant
facts which the summary claSsiflca-
tions did not reveal" He noted, for
instance. that In the electrical in
dustry, where hours were increased
from 36 to 40, hourly rates were main
tained and the growing volume Of
business required no decrease in en-
ployment.
The cotton garment industry. how
ever, was described as presenting "a
very different picture" About 20 per
cent of all employees were being COM
pensated below the former code min
imum." Roper said, adding that there
was q "very general departure" from
hour standards.
Evening star., 1936-03-18

Germs OF Rheumofism
dlseusssd H. 7I-poss new book. Write 70 us tor
your tree copy. Buy Wsldona toblsts for the relief
Of FheUmofie poins and muscular lvmboeo ef
drva stores. WELDONA. lne. Atlontie City. N. J.
The Coolidge examiner., 1936-03-06
Gen. BILLY" Mitchell Is
Dead of Heart Attack

nNE of the most spectacular and
~ dynamic figures in American
life of today passed with the death
of Brig. Gen. William Mitchell in
New York hospital. He succumbed
to a heart attack and influenza at
the age of fifty-seven years. Billy"
as he was known to airmen, was
commander in chief of the Ameri-
can air forces in France during the
World war and was decorated by
six governments. Afterwards, while
yet in the regular service, he Sc
verely criticized the governments
air preparedness policy and was
cOurt-martialed and suspended. I'M
mediately resigning, he devoted
himself to lecturing and writing to
further his demands for separate
department of aviation in the cab
met, combining both army and
navy air defense. Gen. Charles p.
Summerall once aptly described
Mitchell as the kind of soldier "whO
is wonderful in war and terrible in
peace"
The Coolidge examiner., 1936-03-06

from California. The chairman is j.
Jasper Bell of Missouri, Democrat,
author of the resolution for the in
vestigatiOn. 1t was understood that
Mr.. Bell had already gathered a mass
of information to subStantiate the
charge that the Townsend plan has
become a huge racket. The leaders
of both parties in congress have
been getting rather nervous over
the growth of the Townsend move
ment and are glad to see it attacked !;
but some impartial observers call
attention to the fact that the way
the committee is going after it
SmackS of unconstitutional abridge-
ment of the right to petition.
1t was expected that one of the
first questions to be considered by
received by DR.. Francis e. Town
send, author of the scheme, and r.
Z. Clements, former California real
estate operator, cO-fOunder and gen.
eral manager. Clements has re-
vealed to newspaper reporters that
he and Doctor Townsend receive
salaries of 500 a week each from
OARP-the old age revolving pen
sion rganiZatiOn-and $50 a week
each from tlfe Townsend national
weekly, which claims a circulation
of 250,000. 1t has been charged on
the floor of the house that this
newspaper, privately owned by
Townsend and Clements. has a re-
serve fund of at least S200,00O
Congressman John Steven Nc
GrOarty, California's poet laureate"
says the TOwnsendftes will control
the house of representatives at the
next session, and adds: "They have
built up the largest political Organi-
cation in the history of America,
with 10 million enrolled members
If you include those who have
signed petitions favoring the Town
send plan the number is increased
to 30 million. BY November it will
be twice this large. This investiga-
tiOn will vastly strengthen the
Townsend movement and anybody
that knows anything knows that.
The American people like fair play
and they know that this investiga-
tiOn is just dirty politics."
The Coolidge examiner., 1936-03-06
Interesting Selections
of Convention Delegates

CELECTIONS of delegates to the
- national conventions, already
being made in some states, are in
teresting, especially in the case of
New York. Representative Fish,
supporting Borah for the Repub-
lican Presidential nomination, led a
hot fight to displace some of the
"Old guard" and lost, the state
committee naming these delegates
at large:
Charles D. HilleS and Mrs. Ruth
Pratt, members of the national COM
mittee; Mrs. Robert Low Bacon, vice
chairman of the state committee q;
Representative Bertrand II. Smell,
minority leader of the house; Rep
resentative James w. WasdwOrth.
former United States senator; Ed
ward H. Butler, publisher of the
Buffalo Evening News; John r.
Crews, Brooklyn Leader; Charles II.
GrifIiths, Westchester county chair
man.
Tammany made public the list of
its delegates to the Democratic con-
ventiOn, and it is headed by Alfred
f. Smith, who will represent the
tip of Manhattan and Staten island.
The Coolidge examiner., 1936-03-06
Eden Warns That Another
World War Irnpends

CAPT. ANTHONY EDEN, British
~ foreign minister, stood up in
the house of commons and warned
the world that recurrence of the
World war was imminent and in his
opinion could not be averted eX-
cept by a system of collective Sc
curity "embracing all nations in
an authority which is unchallenged
and unchallengable."
Eden impressed upon members of
the parliament the difference be-
tween policy of collective security
and one of encirclement, such as
the "ring of STEEL which Germany
complains is being forged about her
by France. The British govern
ment will have no lot or part in
encircIement," Eden said.
Earlier in his speech the minister
announced that the sanctions already
imposed upon Italy by members of
the League of Nations are achiev-
ing their purpose Of Fastening the
cessation of war between Italy and
Ethiopia. He failed to satisfy the
opposition on the question of an oil
embargo against Italy by sidestep-
ping definite commitment on such
a boycott.