Indianapolis Times, Volume 38, Number 191, Indianapolis, Marion County, 16 November 1926 — Page 13
NOV. lb. 1926
HOG MART GAINS ARE WIPED OUT
MS STRONG ►TONE AT OPEN ON FAVORABLE NEWS Dividend Disbursements Are Strengthening Factors. Bu United Press NEW YORK, Nov. 18.—Constructive sentiment, wars encouraged by the announcement by the Federal Reserve board after Monday’s close of a reduction of $37,373,000, in brokerage loans at this center during the week ended Nov. 10. Wall Street also felt, great satisfaction over the program determined upon by Standard Oil Company of New Jersey for the retirement of its preferred stAck, and trading on the stock exchange today was characterized by a strong tone in early dealings. Kennecott Copper moved up fractionally to anew high for the year at 64, responding to buying from interior points attracted by news of the increase in its dividend rate to $5, compared with $4 previously paid. Steel common achieved the best (leVels of the current movement at j!52%, up % point, on active demand, stimulated by speculation regarding the possibility of extra payments out of this year’s earnings, which are running about $lO a share over the $7 common dividend requirements. Rise Bulls Bullish activities continued to feel the curb exercised by relatively high call money around noon. .However, the 5 per cent rate assessed for speculative borrowings failed to start any selling and a. final burst of strength took place in various individual issues. Banks called approximately twelve million dollars in loans under the influence of Government operations, interest payments and withdrawals. The tone of collateral is, nevertheless, easier and the call loan rate should slide off toward 414 per cent within the next day or two. General Motors ran up more than two points to 150 at the expense of an over-extended short interest built up on the theory that the good news regarding the stock whs out. Preparations to retire Standard of New Jersey’s preferred stock revived familiar reports regarding retirement of Allied Chemical preferred and the common stock of the latter moved up 2. to 13514. Commission Row PBMEf I'll KIG'! AII.UK.FRUITB Apples— -t-iiiio Primes Golden oDi $4.uU<W6 Jonathan bbl. $6.50 Delict ous bbl. 70 Wolf [liver. 40-lb basket *135. Kim; David 40-lb. basket. $1.25. Dates — M morel, iiti pack to box. $4.50 |Dromedorv Oft riaek to box $6 7i> bulk ■dates, tic lb r Kiss —-12 pack to box $1.16 ,->o pack to box. No 6 $3 24 oack to box. fancy $3: 12 back to box black, $1.76: _mDorted Tayer. I0 lb box $1 f)() @2 10 Cantaloupe*—Honevdew <iipi<>hi- raie $3.00 Honey—24-cake crate. $4.60M0 Casabac—Per crate. $3 @3.50 Coconuts—Fancy Jamaica* sack oi itln $6.00 Grapefruit—Extra fancy $6 05.50 Florida, $4.50 05. Cranberries—a ancv mack* nan barrels/ $4.50 Lemons—California, box. [email protected] Limes—Florida 100 $2At). Nuts-—lndiana chestnuts lb.. 15 0 23. ehellbaik hickorynuts lb 405 c black walnuts 404 %e lb Oranfte* —California crt. $007.50 Pears—Oregon $5 box Oreeon D AnIf os, $5 box. Persimmons [email protected]. Quinces—-$2.50 per % box Grape*—Emperor. $2 crate Malaga. $1.50: New York Concords 16-lb basket Pomegranates—California $2 fill <e box VEMETAHLIO Artichokes California *) 26tail >0 dozen. Beans—Fancy Louisiana, srreen $1 76 hamper; wax $2 hamper strtnelcss $2,25 hamper. Beets—H G doz. bunches 36t Brussel Sprouts—Fancv California '..r pound Celery Cabbage—H G $1.25 dozen Cauliflower—Colorado crt. $1.7502 __ Celery—Michigan squares. $1.60 box; Michigan rough $3.25 oer two-third crate: Michigan jumbo. $1 dozen, Cucumbers—Hothouse $2 60 Eggplant—H G doz *2 02 50 Garlic —Pound 12 %c Kale—H G bu. 50 @ 75c Lettuce —western Iceberg, crt,, $3,750 4: H. G leaf. 15-lb. basket $1 35 Mangoes—H G. bu $2. Onions—H Q* vellow 100 lbs $1.(5 Utah Valencias. 105 1b bae' $3 Snanish crt.. 91.90: green doz 40c Parsley—H G doz ranchos oth Root Vegetables Turnips, bit.. 86c. garsntps bu. $1 50 carrots bn *1 50 anadien rutabages. $2 crate Squash—H. G. whtG sumniei on i.n Potatoes—Michigan round white sack $4.5004.75; Minnesota Earls Ohios 120lb. bag S4O 4 50. Radishes—H G long reds 10c- but ton. 75c. Sweet “otatoes—Fancy Virginia up, $303.35: Indiana Jersey bu $1 90 Spinach—H. G. bu. $10125 Tomatoes—Six-basket crate $5,50 0 8.60. r'ider—l4-gai keg $6 BROKERS’ LOANS LOWER Total $2,603,006,000 for Week Ended Nov. 13. Bu United Press WASHINGTON, Nov. 16.—Loans on stocks and bonds to brokers and dealers by reporting members of the Federal reserve banka in New York City for the week ended Nov. 13 totaled $2,603,006,000, compared with $2,640,379,000 in the previous week.
MSSKHTtAL -SLRVICF. IN INSTATES
TVliddle "West Utilities Company Notice of Diridend on Prior Lien Stock Th Board of Director* of Middle West Utilities Company has declared a quarterly dividend of Two Dollar* ($2.00) upon each ihare of the outstanding Prior Lien Capital Stock, payable December 15, 1926, to all Prior Lien itockholdera of record on the company's books at the close of business* at 5:00 o’clock P. M.. November 30 1926. EUSTACE J. KNIOHT, Secretoy.
New York Stocks 'Hy Thornton In non *
—Nov. 10— ✓ Railroads— Frcv, High Low 11:00. close. Atchison .157 % 157 151 160% At Coasi L 21.3 213 212 B. A O ...104 104 104 Can Pac . 105 C ft O. . 104 . . 104 % 104 C. & N. W. 78 ... 78 78 >i C.. B. & P. 09 08% 09 08 % Est Hud.. 174% 173'A 174‘a 173 & - Hud. 148 1)8 148 Erie 38 % .. ~ .38 % .39 Erie Ist. nd 40% . . .’ 40% 40% Gt No pfd 79% ... 79 79 % Lohlgh V. .. . ... 89% K C South 43% ... 43Vs 43% M Pac ufd ... ... 89 'A N Y Con. .137% 130% 137% 130% NY NHftH 43 ... 42 % 42 % No Pacific. 79 % 79% 79% 79% Nor ft W 105% ... 105% 105 Pern Marq ... ... ... 1 92 5* Pennsylvan. 50% .. . 0% Reading .87 ... 87 8 1 % 9 Railway 119% 119% 119 So Pacific 108% . 108’. 108% St. Paul... 8% ... 8% 8% St Paul pfd 18% ... 18% 18 St L ft S W 02 % 02 % 02 % St I, & S P 98% 98% 98% 98 Union Pac 103% 103% 103% 103% Wabash ..41 ... 41 4.3% Wabash pfd 74% 74 % 74•% <4% Rubbcnf**Fisk Rub . ... •• ■ 16% Goodrich R 48% ... 47% 48 a Odvr bfd I .. . ... ••• 101 Kelly-Spg. ... ... ■ 10 C S Rub... 02 ... 01% 02% AC* Fd. 101 ... 101 101 Am St! Fd m., ,}* Am Loco. 109% ■ ■ }O9 . }2f * Bald Loco 130% 134’, 1§5% >35 Gen Eire.. 83% ... 82% 82% Lima Loco ... • .i., • VA P Car 42 a * . . . 42 % 4-% N Y Airb.. 43 42% 4-% West Airb. 13 .. • 13 131% West Elec.. 68% 68% 08*4 68 ts Steels — Bethlehem. 45% 45 45% 44% Colo Fu .. 43% 4.3 43', 43 Crucible .. 72 ••• is., 1?$/ Ph R c&i 43% 43jj 434 Re I ft S. 56 % ”6 ‘ . Cl.Qhpf ... . . . 1-0 Un St St! Vi 53% 162% 153 152% Yana 41 % ... 41 % 41 % Motors— Am Bos .... •• • •■ • 16% Ph Mo .... 25 24 % 24 % 24 % Gen Mo .149% 147%. 149% 147% Ma Mo . . 95% 95, 95% 94^7 Chrysler . 37 % 30 % 3 < 36 % Hudson ... 47% . .. 40% 47% M Mo' * 13, Studeb .... 50% 50% 50 4 ”0% Hupp 21 % . 21 % 21 % Sto-War ... 64 63 % 04 63 Timk 83% 82 J? 8.3% 82 Wil-Ov ... 22% 21% 21% 22 Ycl Cab . 28 % 28 Vi 28 % ... Mining— Do M .... 10 ... 10 . , Gt N Or. 20% 20 20% 10%. Int Nio . . 38 % ~ , 38 % .18 %
HUBS GET CORN DAMAGE WARNING Growers Are Urged to Cull Shipments. Bn Thf s special WASHINGTON. Nov. 16.—Heavy losses may be sustained by corn growers this*year unless damaged corn is culled from market shipments. the Department of Agriculture issued a warning to producers today. The corn crop, especially in many sections of Indians, Minnesota lowa, Illinois and Ohio, contains a large proportion of damaged ears, according to reports of producers and ''grain inspection records. Market discounts will be assessed unless shipments are free from damaged corn, the department says. Damaged ears In the corn when shelled result In low grades being assigned the corn when it terminal markets and is graded by licensed grain inspectors, it was pointed out. Low grade corn takes a discount In pride in approximate proportion to the quantity of low grade corn sent to market. To prevent market discounts where shelled corn contains damaged kernels* corn producers and country corn dealers are urged by the department. to pick out. the damaged ears cither at the time coin is husked in the ije’d. when itfis put into cribs, or when it is shelled. To obtain best results, the damaged ears should be removed at each of these three operations. Indianapolis Stocks | —Nov. 15— —Stock*— Hid Aak Am Central Life 300 liner Orcoaot’nc Cos off). 100% Ad Rumely Cos com 14% 16 Ad Rumely Cos nfti 40 50 Bell Ft R com , . 00% 70% Belt K R ufd 57 02 Cent fnd Po'-.-er Cos r>fd 80 Century Bide Oi nfd 100 Cities Serv Cos com 48% ... Cities Service Cos pfd , 92% 92% Citizens Gas Cos coni 50 50% Citizen* Gh (.<> ito 10.5 Vi Commonwealth Loan Jf. old 99 ... Eaictable -eeurities Cos -otn 51 Hook Drug Cos com 28V* ... Indiana Hotel om 1 10 pidiana ’’ire „fd 1 01 Jiirtanapolis Gas 58 61 iiidnis Si Northwestern nf-i 48 I nunolle St Rv 39 43 Interstate ’’lit ier nt Hen ot 07 Merchants bib t T t|i Cos ofd 98 ... Progress Laundry com 21% ... Pub Sav Ins Cos 14 ... Ranh Fertilizer ufd 48 , . . i nfd 07 ioo Standard Oil Cos Ind 05 ... Sterling Fire Ins Cos J. .. . 15% ... T H 1 4 B fom “ t 4 T H 1 ft E Dfd .2.3 25 T H T 4 L ft pfd . . 90 Onion Trac of Ind com 1 Dniori Trac of Ind Ist ofd . . 10 Union Trac of Tnd 2d nfd 2 Union Title Cos coni 88 Van Camp Pack Cos Dfd 16 ... Van Camp Prod Ist pfd.'. 91 95 Van Camn Prod 3d nfd 96 Wabash Ry Cos coni 44 .... Wabash Rv Cos pfd -73 % ... —Bonds— Bell R R anu stock Yds .4* Vol.’ Broad Ripte fi, \ '?9 82% c.. 0 Ind % Gas 98 Central Ind Power fls 100 ... Central Ind Power 7s . . 09% ... Citizens Ga* 6e 100% 101 Citizens St Ry 6* 84% 80 Hone T and T . . 103 104 Indiana Coke and Gas 0s .102% ... ’tidianß Hotel 5s . 08 Didpls A Northern 23% 25 Tnd Rv and Light 5s Indiana Service Coro 93 ... Ir.d Union Trac 5s 2 ... Indpls Co] ft So 0s 98 101 Indpls Gas 5s 99 100 rndnls Lt and Ht 5s 103% ... Indpls ft Martinsville 00 . . . Indpls & Northern ‘>4 25 Indpls Northwestern 5s ... 60 -n Indpls St Ry 4sd 64 06 fndpls Shelbwllle ft S E.. .3 ... Indpls Trac and Term 5s 94% 98 fndpls Union Ry 5s .. .101 ... fndpls Water Sec 97 fndpls Water s’4s 10.3% 104% 'ndpls Water 4’f|S . . 94% 94% Interstate Pub Serv 6%5..103 ... Interstate Pub Serv 0%5..108% ... Tr I ft F, 5s I? T H T and Light 5s 94 ... Union Trac of Tnd 0s ...■> 21 23% —Bank Slocks— Aetna Trust and Sav Cos . .114 Bankers Trust Cos .130 . City Trust Cos ...... ...140 . _ / Continental National 114 . „ Farmers Trust Cos .?3fl ... Fidelltv Tnist Cos 154 ...„ Fletcher American 109 ... Fletcher Sav no lYust Cos 250 Indiana National Bank ... .268 272 Indiana Trust Cos 228 260 Livestock Ex Bank ...100 170 Marlon County State Bank. 103 Merchants Nat Bans 320 Peoples ltae Bank 245 u-.-urit. Trust 200 State Saving and Trust... . ~ 98 Union Trust Company .. . 400 'V-,h Ranh ind Trust Cos 150 —Liberty Ronds—--Ist 3%s 103.30 100.60 Ist 4% 10.2.40 102.60 and |%s 109.54 100
Tx G &Su, 47% 47% 47% 50 Coppers— Am Sm .138% 137% 137% 137% Anacon . 49% ... 49% 49% Inspir ... . . , 27 % Kenec . . 64 % ... 64 03 % U S Stt . 30 % ... 30 % 30 % Oils— Cal Pe . . 31 % ... ;u> * 31 \ M Cos P 31 ... ’3l 31 Hous Oil ... . ... .. ,i 65 Marl Oil . 53% ... 53% 53% Pa-A Pe . . ... . . 03 % Pa A P 804 % .... 63% 04 Un Oil ... 531, .. * _63 % 53% Ph Pete . 51% ... 51 51% Sk Oil . 33'.. 33% 3;t Pu Oil . . 26% ... 20% 20 NS Roy id. . . ... ... in % St O of C. . 59 58% 69 68% St O of N J 43% 41 % 41 % 42% Sino 18% 17% 18 17% Tex Cos . . 54 % ... 54 % 55 Tr C 0.. 4 ... 4 4% Industrials— A1 Ch 134% 133% 133% 1.3.3% Ad Ru ... 14% . 14% 14% WHEAT SAGSON LIVERPOOL DROP Corn Opens Unchanged While Oats Decline. Bu United Press CHICAGO, Nov. 16. —Wheat followed the Influence of the sharply lower opening at Liverpool today and opened' correspondingly off on the Chicago Board of Trade. It opened %c to I%c lower. Free offerings of on the Liverpool market sent prices skeltering downward, and Chicago wheat was in sympathy. Fueling was mixed in the corn pit and the strength of yesterday carried over, corn opening unchanged in all positions. Oats were 'kc off in all positions, showing little early strength of its own. Provisions opened unchanged.
RUSSIA MAY AID COTTON GROWERS TO ESCAPE RUIN Times Wiishin/ton Bureau 1522 V etc Ynrl- An nut WASHINGTON, Nov. 16.—Soviet Russia may prove to be the angel that will save the cotton farmers of the South from financial ruin. Bankers in the cotton States have estimated that if 4,000,000 bales of cotton can be held from the market, prices will rise sufficiently to enable i planters to eUe out a small profit I from this year's crop. Poor Russian Crop Now, Russia has just come forward with a proposition which will take care of half this amount, pro vided suitable long-time credit ran be arranged. Normally, Russia consumes only'-about 350,000 bales of the American crop, but, due to a poor cotton season there and an increasing demand for cotton fabrics, Russian textile owners say they will be ble to use at least 2,000,000 bales immediately. A committee of officials from the Russian -all-union textile syndicate is now in the United States endeavoring to arrange for this huge order—amounting to nearly one-eighth of the United States crop. Ko far, due to the fact that the United States lias.failed to recognize Russia and enter into diplomatic relations with the soviet government, the officials have not succeeded in arranging the necessary credit. Arranging Credit It is understood, however, that the Russians intend to confer with Eugene Meyer, chairman of the President’s cotton board, to request assistance in obtaining the necessary credit. Meyer has Just returned from a trip through the cotton States, where he perfected arrangements with various local bankers by which at least $16,000,000 credit will be advanced for taking cotton off the market. Russian textile - men heretofore have shown a preference for cotton raised in Texas and western Arkansas, because the staple is of a particular quality that best suits their spindles. If proper credits can be arranged, the Russian purchases would therefore prove particularly timely, as Texas is the hardest hit of all the cotton States.
13 Convicts Unlucky in Prison Break
Front entranr of the State Penitentiary at Columbus. Ohio, through which thirteen desperate eojulets shot and stabbed their way to short-lived freedom, is shown at the right above. At the left is Janies Johnson, one of the thirteen, being returned to the prison with bullet wounds in the leg and shoulder. He tra* at liberty only three hours. Inset is “Jlggs” Losteiner, Ohio bank robber and murderer, who led the futile ‘’break.
THE INDIANAPOLIS TIMES
Today’s Loss 25@35 Cents -V-Run 7,500, With Top $11.90. —Mot ••rn- Umit*Nov Hu'.k Ton Receipt* JO 12.35 @12.60 12.60 0.000 11 12 Oil@ 12.25 12 25 6.500 12 [email protected] 12.00 5.500 13 1175012 10 U’ 10 2.500 15 12 [email protected] 12.35 4.500 10 [email protected] 11.90 7.500 The sharp gains made in the hog market Monday were almost entirely wiped out in the trading today at the Indianapolis Livestock Exchange when porkers weighing 140 pounds upward were largely 35 cents lower, while lighter kinds were mostly down 25 cents. Hogs in the Chicago market also declined, although the loss was not as great. Somewhat heavier receipts also added momentum to the decline here. The run was estimated at 7.500 fresh hogs, wit fifty-seven stales. Top price was sll.9o,•'While the bull: sold over a spread of $11.65W11.90. Packing sows lost 25'fjioO cents, selling at $9.50@‘11. Hog I*rioe Range Hogs weighing 120-140 pounds were sold at $1.75, which was 25 cents lower than values at the previous trading session; 140-275 pounds. $11.90, 35@45 cents lower; 275-300 pounds, $11.65. 35 cents lower: 300 pounds up. $11011.40, 35040 cents lower. Cattle receipts were estimated at 1.200 bovines. The market was steady to lower than Monday’s quotations. Reef steers were sold at $8.50011.50; beef cows, $4,750)6.50; low cutters and cutter cows. 4.75: bulk sfftek and feeder steers, $607.50. In view of the rise in values the market is giving a good account of itself and trading is generally considered on the upside. Calves Slow The calf market was slow and largely 50 cents lower at $13.50 down. Receipts were estimated at 1.000 vealers. In the sheep and lamb department there was hardly enough material on hand to make a fair test of the market. Best natives were selling at sl2 down ,and one deck of unfinished westerns sold at $11.50. The run was estimated at 300. Bucks were $305; sheep, S4O 6.50. and breeding ewes, $6.50 up. —Hue*--130-140 lb* $11.75 140-27.* lhs 11.90 275-300 lb* 11.05 300 lb*, up 11.00@ 11.40 Packing sow* r $9.50(311.00 —tattle— Beef steer* $8.50 Hi 11.50 Beef cows 475 is l 650 Low cutter* and ratter rows. 3.50@ 4.75 sy> <-k and feeder steers OOOiii 7.50 —tali**— Best veals $13.50 Bulk of sales . 12.50@ 13.50 —Bhe*t> and Lamb*— Lambs .... $10.00012.00 Bulk cull lambs $5 500 8.50 Bucks 3 00 0 5 00 Sheep , 4.00 0 0.50 Breeding ewe* 050 up REBATE ON TAXES IS BUSINESS AID Will Add to Productive Channels of Nation. Bit Tint's Saerial NEW YORK, Nov. 15.—Substantial reductions in the tax burdens of the country are clearly indicated by recent developments. It makes little difference which party gets the credit for making a move for lightening the load on the backs of the American people. With income on such a sound basis and with expenditures under control, the acquisition of i surplus was an inevitable result. The effect on business should tie highly beneficial. Washington dispatches at the close of last week carried the welcome announcement that, after studying the revenue returns showing a surplus in excess of $260,000,000, the President had decided that there could be a rebe.te or refund of 10 to 12 per cent In the income tax payable this year on incomes for tjie calendar year 1925. It is expected that he will recommend to the coming session of Congress the legislation necessary to make such a cut effective. According to treasury officials, the surplus will exceed $250,000,000, and the rebate could be as high as 1 i per cent of yearly taxes. Tiie minority in Congress also favors a reduction in taxes, and dispatches from the Capital state that certain minority leaders would press for a tax reduction of $300,000,000.
Page Sherlock Holmes
r """i—. r • **" V-
Jewelry which disappeared from the New York home of Mrs. Myron C. Taylor was valued by her at $300,000. A peat I necklace worth $175,006 was the most valuable piece. This picture of Mrs. Taylor was taken on a recent ’round-the-world cruise.
BUILDING COSTS SNOW DECREASE Have Worked Gradually Lower Since 1923. Bu Time* Special WASHINGTON, Nov. 16.—Construction costs decreased slightly during October, giving emphasis to a gradual downward tendency they have been observing during the past three years. The decrease last month was due lo a slight lowering of the average of wages in the building trades and to a decline in tiie average of prices paid by contractors for building materials, according to statistics compiled by the Associated General Contractors of America. Since May. 1923. construction costs have been moving slowly but consistently toward lower levels. Mainly this has been the result of a very apIKirent drop in the prices of the principal building materials. The effect of these reduced prices upon the ultimate costs of construction has lieen somewhat offset by the tendency of wages to hold to levels high above those they occupied at the beginning of 19,23. A study of the changes in the average of wages since May, 1923, shows 10 increases and 4 decreases, with a net increase of 12 points from 213 to the present figure of 225 on a scale which has the 1913 average as its basis for 100. A study of the monthly changes in the average of prices paid tbr biulding materials covering the same |>eriod shows 8 increases and 18 decreases with a net drop of, 28 points from 203 to the present mark of 175.
Produce Markets
Egas—StrK-tlj fresh delivered at Indian apoiTs. 46 0 470 Butte, i wholesale prices! Creamer, ne*t grade a pound 51 052 - buyine price tor parkins stock. 20c. Poultry Fowl* 19@22c Lcehorn. 140 10C' ducks 150 17c Cheese (wholesale buyinß nrtcest —Wis ,-onsin Daisies 24 0 25c- I.onzhorns 24 0 27c t.imhuryer 27c. Butterfnt—Local dealers oav 49 @ 50c
Local Wagon Wheat
Local .rain elevators ars uayme *1.25 tor No. 2 red wheat Other sTades v, purchased on their merits DECLARE OIL DIVIDEND 12$£ Cents Ext* * on Each SI tare for Standard of New Jersey. Bv United Press NEW YORK. /Cov. 15.—Standard Oil of New Jersey directors late Monday declared an extra dividend of 12 V 4 cents a share on the common stock. The company voted to call the preferred stock March 15 at slls and issue 3,449.317 shares of common stock to holdets in the ratio of one •for six $25 par value, and also authorized an issue of $120,000,000 of twenty-year 5 per cent debentures.
JOHNSON SCORES COOLIDGE POWER ’ TO REMOVE HELP Says Unrestricted Discharge Right Is Independence Menace. Times Washinatrw Bureau. Arir Yorl; Arruuc WASHINGTON, Nov. 16.—Unlimited power to remove Federal officials, given to the President by a six to three decision of the Supreme Court, holds a menace to the independence of public servants and to the very, liberty of the people. Senator Hiram W. Johnson, believes. ‘‘The decision giving to >the President after 130 years in the life, of the repuolic the absolute right to remove officials regardless of con ditions attached to the creation of the office or its tenure, is one of the most important constitutional interpretations of our highest court, and one which may have far reaching consequences,” said Johnson j here today. Opinions Vary. “The law has been determined and in the determination, all will acquiesce. As to the policy which ought to prevail, differences of opinions will continue to exist. “There will be those who exclaim that what this country needs is another Mussolini, and who rejoice in any extension of executive power; ! and others who declare that the very liberty of the people is involved in ; the stability of official tenure. “The question Is much more funda ! mental than the privilege of Cong ress. It is after all this; May the \ President, deriving his power under | an act of Congress creating an of , fice. establishing its terns, and pre scribing conditions of removal, ap prove the act In its entirety and then exercise his right of appointment i and disregard its provisions of tenure and conditions for removal? That he may do this is now decided, i Justice Mcßeynolds contends, and apparently with irresistible logic that the decision leaves at the caprice of a president the tenure of office of officials of the Government. Political "Grapes” “If the will of the executive shall | degenerate Into mere caprice or | blind parisanship the agencies which have been established by Congress for the protection of the people will j become mere rewards of active political henchmen Congress with the full consent of the executive has en deavored to throw around these : agencies the mantle of stability and security of tenure which is now stripped from them by thity decision. “A right of arbitrary removal not- | withstanding a fixed term, and 1 without regard to the cause of re- j rnoval. penalizes independent service | to the people arpl puts premium upon ; obsequious complacency to power.” j
CHILDREN GET HIT NEAR OWN HOMES Survey Is Made of Chicago Accidents. Bu NBA Service CHICAGO, Nov. 16.—The greatest auto acident danger for children lurks In front of their own homes after school hours, according to a survey of Chicago accidents made by the National Safety Council. The survey shows that a inajor’ty of the accidents occurred between 5 and 6 p. m. More 6-year-old children were struck than of any other age. The next largest group was those of 5 years, and those of 8 years were a ok)**© third. The principal safeguard advocated by the National Safety Council Is extensive playground development, which will keep the children off the streets and give them a place where they can play 4n safety. COMMISSION HAS POWER Mississippi has passed a la*v plae ing common carrier motor vehicles under the jrontrol of the railroad commission, which has the usual powers of issuing certificates of public conveniences and regulating traffic.
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General Subjects
Auction Bridge, the New Rules Automobile Camping and Touring \utomobile Painting at Home' Bible Facts Canarica, Care of Cats. Caro of Chickens, How to Raise Doga, Care of Etiquette Etiquette of Dress Etiquette for Children Etiquette of Dinner* Etiquette, Origins of 1
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PAGE 13
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Household Pests How to Own Your Homs Laundering Lampshades and How bo Make Them Moths and Their Control Stains, Removfti of
