Muncie Post-Democrat, Muncie, Delaware County, 8 January 1932 — Page 4
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Business and Professional DIRECTORY
TflWt 5 WE MINUTES (_v to FORTY THEATRES , ^^vANDAUSHOPSt^ | ;d! JA^M /w * S newyorkcmr ^ just off fcoadwav ai' HOOWS A w. IOWIUON QjJlWI. ^tiWeni
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UP SECURITIES Huge Saving is Effected by Action; System Explained Washington, Jan. j.—(UP)— “Impoverished” Europe is buying up its depreciated industrial securities in this country and effecting a huge saving thereby on its own indebtedness, Clarence Dillon, of Dillon Read and Co., leading international bankers, told the Senate Finance committee Tuesday. Some American corporations were revealed as practicing the same system, which as outlined to the committee, works as follows: A corporation floats an issue of $100 bonds. Borne down by what bankers call the “fear” period of today, the bond declines in market value to $20, through interest payments are continued on it. The issuing corporation, however, is liable, in the long run, for the whole $100. For each $100 bond it buys back at $20 it save $80 on
its debt.
Senators expressed surprise at Dillon’s statements regarding European buying, but he saw nothing
stronge in it.
The committee is investigating
GLENN’S Sheet Metal Shop See ua for Skylights, Metal Ceilings, Slate, Tile and Metal Rooting. Blowpipe and Job Work. Gutter and Leader Pipe. Rear 213 E. Main St. Phone 310
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Muncie Plumbing & Supply Co. ELECTRIC WATER PUMPS 1509 S. Walnut -Phone 4220W
ABANDON LEVEE!CASES OF CRIME NEAR GLENDORA STILL UNSOLVED
Flood Fighters Realize
Inability to Hold Back Tallahatchie River.
Glendora, Miss., Jan. \—Wearied
Mysteries Baffle Best Criminologists in In-
diana.
Indianapolis, Jan.
(UP)
GIcndora/s'levee the hammering ' down in Indiana police history of roaring Tallahatchie river, after as unsolved, were added o e exhausting efforts at reinforcement 3 rnmina i records during akainst a rising tide of water. r , • „ Armed guards patrolled the i 111 addition, i wo other 1 K hanks here and to the sduth with' onf> them more than instructions to fire fusillades ofi 1w ? decades old, flared momen - shots to warn inhabitants to higher an iy> hut at the conclusion of the ground as soon as a break is dis-,y ear no nearer solution, covered possibility arose that death has All last night wat r our. d Thfi po j son murder of Virginia through breaks at Albm and furth-! Ali ce Jean Simmons at a famer south m Marcel Levee, near n in Lebanon last June Charlestan, spreading over acres wna 1bp vpfll .. s maior
of land. Observers said the river will continue to rise a foot or more. The situation around Phillip,
doubtless was the year’s major crime in Indiana. The girls’ mother, Mrs. Carrie Simmons, was in-
now facing the triple burden of dicte + d IrthToif neenX he^ waters*from Tallahatchie, Panola!™ tr ^ d ^ n th ® °" e A ,ice ^lean and Quiters gave concern. Levess of the Jean ' ; th*ro have be*n for "tTJn
and water is rising rapidly toward
the crest.
The committee is investigating (?raekup , brought, no results, me jurors, the manner and extent of the huge nad r ‘J’ aR a y i tir^inw^ afler deliberating two days, failed post-war foreign debt flotatioms in ™ ld ^abSants on fhe southern to reach a verdict ' Mra * Slmm ° n8
the United States. Dillon was re-( tjp of the f]oo<1 area could not
v.'.-?'4?-
Mississippi Tornado Havoc
cSurtT* and - show -cause V why.;is|id
all others-ihtere.steidV ^re also'^re'quived to appear in said Court, ^oft said day, and make proof of their heirship, or claim to any part of said Estate. Attest: WILLIAM C. SWANDER, Administrator. Perry W. Mansfield, Clerk. Elmer E. Botkin, Attorney. Dec. 25 Jan 1 and 8.
1 V/|Ji\ special two-line moulding mounted Rubber Stamp and our Catalog of type styles, Pads, Inks, Type, Daters, Numberers, Stock Stamps and other stamp trade goods, for only Discount to Big Users. Agents Wanted. THE MAGIC CITY STAMP WORKS, MUNCIE, IND.
A tedious court session that lasted riVore than five weeks and cost the state more than $3,500 brought, no results. The jurors,
viewing the $285,000,000 in German industrial bonds his company has floated, w r hen he remarked that corporations recently had been buying their bonds when market
prices declined.
“How recently?” asked Senator Hiram Johnson of California, sponsor of the resolution that brought
the investigation.
“Perhaps yesterday,” said Dillon. “But that is impossible,” said Johnson in mock bewilderment, “there is a moratorium.” “There is no moratorium on private debts,” said Dillon. "The corporations that are buying can get foreign exchange and it is profitable for them to buy.’’ = , , Johnson continued, to express doubt that anyone in Europe could bfiy anything. Dillon pointed out that the European borrowers .for whom his * Company hao floated loans were going coiifcertiSi , hhd
hope to withstand. Plowing through two feet of water, Yazoo and Mississippi Valley Railroad locomotives are bringing box cars to all way stations to house refugees. Complete mobilization of Red Cross forces in Tallahatchie county are expected by workers today with the arrival at Sardis of M. R. Krick of West Virginia, a director of disaster relief for the organiza-
tion.
WH.Dorton&Son Plumbing and Heating Water Softeners )00 Wheeling Ace—Phone 4316W Estimates Free
I Plumbing, Heating and Gas Fitting. CLARK BROS. Phone 247 317 E. Main
SEE B. F. Stong & Son For Bargains in Furniture, Rugs, Stoves and tools of all kinds. 1410 S. Walnut Street. Phone 1764-R.
TAUGHINBAUGH CO. Funeral Directors Our Phone never sleeps 4014 DAY or NIGHT Lady Attendant Howard at Proud St.
GREELY LUMBER CO. Office and Yard 719 S. Walnut St. Phone 109 Our SPECIALTY IS YOUR lumber requirements.
teht Ui hiuHeen
months. ?' Am^{ca]i( '-cobnbtUtiotm
were buying ^
paradox vrom the banker’s viewpoint’Ts simple. It is the old difference between worth and market vahtd*' On its fkceia $100. 61 per cent bond on which interest* and $100.)'r But| iPiQipe(|# } l w4nts to sell it; hhd thfere arexm? Jafetrs, its “marked” vkhm^y* dee&pe to a nickel. 1 That; tfaV b&jihd Dillon’s argument. It was brought out plainly when Dillon was being questioned regarding $5^,000,000 in Brazilian bpn^Jtoatedtby his com6mment a monitor-
ium.
Partts and Shirt and Roped Mm
WAVERING LINE OF BLUE FADING
Veterans of Civil War Rapidly Answering
Last Roll Call.
Indianapolis, Jan. — (UP) — Indiana’s wavering line of blue— veterans of the Civil war—lost more than one-third of its mem bership by death in 1931, according to a survey compiled by the United Press. Although these figures are not official, they were gathered from all available sources and considered authoritative. Records of the Grand Army of the Republic showed that there were 611 veterans in Indiana at the beginning of 1931. Before the year was over, taps were sounded 232, leaving only about 375 Civil war veterans in the state. Using reliable experience statistics as a basis of judgment, half of the remaining old soldiers will die in 1932. Probably the next decade will see the death of the
last Hoosier veteran.
Extreme weather took the heaviest toll, monthly death records reveal. Twenty-four veterans died
*, isr.- in January and 31 in March. V Twenty-two died in the hot month ? Chicago, Jan. —,(UP)—Three Q f j u ]y an d 20 in August. DeHandits removed panti' , ^n(l shirt ceI nber saw the death of 19. Sepfrom Aaron Goldman itt.his officeit, eITlberi w ith eight fatalities, reoji the eighth floor of-hi -loop sky- con j e( j the least number of deaths.
One of the oldest and one of the youngest veterans in the state died during the year. Daniel Auer, Fort Wayne, was 99 when he died March 30. George Gosnell, Alexandria, died August 20 at the age of 81. Gosnell was only 15 when the conflict ended. Several were S3 and 84, and others
were 97 and 98.
Three of the veterans were NeOne fought w r ith the Con-
Several were min-
doctors. A great many
took part in major conflicts and more than a score were with Gen
stenogiapher sought'
of trou :
The area of Japan equals lha
of New York and
Real Sky-Pik®
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scraper Wednesday: -Then th(;y t(>re his clothes in shreds, bound Kim with the re'sultant strips ^>f doth, and Yled with $200 hi cashi ; Goldman; wrenfched him sell free abd dashed - after-them, clad?, only ih. his union suit. He ran dowin eight flights of'stairs and out through the lobby into Dearborn street, shquting’“.helt), murder, police” 'While'startled pedestrians
gazed upon Kis pantslessness. s 0ne fc , Two of •the robbers, escaped ^th j federate army . tfle money. One. identified as Ah - sters and doc gblo' Cehteiiue, 25,'rau into trie - • • aims of a traffic pclioeinar.. Grid- __
nian wert back to his office, sf j eral Sherman on hi t s famous ering and dteccnsoJc te, vit.i , yo march f rom Atlanta to the sea. lice sought his money and k*£ j 0 hn Ramsey, 87, Wadesville,
n t , . par' who died December 12, saw Pres-
ident Lincoln assassinated. George Dunn, 89, who died at Alexandria
December 12, was a slave before Illinois com- he j 0 i ne d and fought with the
[Union army.
The greatest number of veter ans died in Indianapolis. The sec ond greatest number died at Lafayette, where the Indiana State
Soldiers’ home is located
Q
Hitler to Move Headquarters
Berlin, Jan. —(UP)—Adolph Hiller, the fascist leader who expects to come into power in Germany this year, may soon establish his headquarters in Berlin within a few blocks of the offices of the government he seeks to overthrow. Hitler arrived Wednesday night from his party headquarters at Munich and it was reported that his visit was in connection with plans for the new headquarters, possible in the famous Prince Albrecht palace in the Wilhelmstrasse. During the rapid rise of his fascist party to a powerful role in German and international politics. Hitler has maintained his headquarters in the “Brown House” at Munich. The Prussian government, which has been strongly socialist, banned the wearing of the brown shirt uniform and other fascist manifestations,_ forcing the Hitlerites to hold their mass demonstrations and conferences in other states.
was released on $10,000 bond and returned to her farm home near
Greenfield.
Prosecutor Ben Scifres has not. indicated whether Mns. Simmons will be refried on the charge of murdering Alice Jean, or whether she will be tried on the indict: ment alleging she murdered Virginia. He disclosed, however, that he is quietly working on evidence and has gathered some new data. If Mrs. Simmons is not brought to trial at the January term of court, the case will be reentered on the docket for the April term. If it is not revived then, it will be reentered on the September term. After that it will be dropped from the docket and, unless the prosecutor desires to reopen it, will be considered “closed.” As far as the court is concerned, the case is abandoned after being continued over three terms of court. Last July 9, plumbers at Central high school, Muncie, stumbled on the skeleton of a youth in an air shaft. By a rusty knife and a tarnished belt buckle, it was identified as that of Perlie Hogg, who disappeared from his home three days before Christmas, 19?2. After advancing theories of murder, suicide and accidental death, authorities decided the youth, an orphan in a poverty stricken family, leaped into the air shaft to end his life. Their decision, however, although officially closing the case, did not explain the opened jack-knife nor the fractured skull hones. Timebitten evidence prevented complete solution of the tragedy. The bones, carefuly removed from the air shaft, were placed in a pau-
per’s grave.
The gruesome Brown county murders of December 15, 1930, which apparently wiped out the Lee Brown family and which have spasmodically leaped into prominence, were brought no nearer solution in 1931. Authorities agreed generally that bones found in the burned farm home were those of Lee Brown and his son, Paul, but they were unable to account for the disappearance of
Mrs. Brown.
The notorious Belle Gunness murders of LaPorte flashed into the spotlight as a west coast woman was questioned in connection with a murder thefe. Officials said descriptions of the Indiana murderess and the "woman held there tallied. They went to her sick room to question her but she died before they arrived, perhaps closing what w r as the most brutal and sensational series of murders in the middlewest. o Free people are those who resent the laws they have passed to nllakei themselves behave.
Here is some of the devastation wrought by the tornado which swept the southeastern portion of Mississippi, claiming five lives, injuring sixty persons and reducing the homes of two dozen families to ruins. The big wind followed torrential rains which swelled the Yazoo River and its tributaries until the roaring waters burst the levees and forced • a general evacuation of the business section of Glendora. The tor* pado Inflicted most damage in Simpson and Covington Counties*
EAST REPORTS HUNGER MARCH
Eleven Thousand Stop for Night at Huntingdon, Penna.
Huntingdon, Pa., Jan. .—(UP) —Arrival here last night of 11,000 unemployed marchers enroute to Washington, D. C. brought calls for state police assistance from the town’s small police force. The marchers, led by the Rev. Father James Cox of Old St. Patrick’s church, Pittsburgh, over-ran the town, flocked through the streets, beseiged eating -places in quest of food for which they were ready to pay, and filled every available lodging place to over-
flowing.
All was quiet on their arrival but police feared trouble. District Attorney Charles Brewster called at Harrisburg and a detail of state' troopers was dispatched over the 90-mile route from the capital, a
route the marchers will traverse
today.
Most of the 11,000, traveling in 980 automobiles and trucks of every make, description and model, camped for the night- p,t the Huntingdon , county fair grounds. They prepared to sleep in the open. . , ; - Father Cox, who organized the march as a protest against unemment, sent the following message to the public on arrival. “Tell all my friends I’m all right and that my army is okay too.” The march is a “non-radical" movement to ask congressional aid in relieving unemployment. Most of the marchers are skilled mechanicians and craftsmen. Fourteen of the 11,000 are Negroes and 15 are women. — o—— ■
NOTICE OF FINAL SETTLE* MENT OF ESTATE
Notice is hereby given, that the Administrator of the Estate of Henry J. Swander deceased, has filed his account for final settlement of said estate. All persons interested jh said Esjate are hereby notified to appear in the Delaware Circuit Court held at Muncie, Indiana, on Saturday, the 23rd day of January, ■
FRIDAY, J AS VARY 8, 1332.
Ijjivy: ■/
A bea-dtifsi'&r.d lasting gift
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The word “sky-pilot” took on a new significance for Father John Fagan, young Brooklyn, N. i. r priest, shortly after this picture was made, for he was informed thpt he had passed the Government test for his pilot’s license. Father Fagan had thirty-six hours in the air and was pictured as he took hi| test at Roosevelt Field, New York
Following the overwhelming defeat of Premier James Scullin and his Labor Government in the general election, J. A. Lyon (above), Post-master-General and Minister of Works and Railways since 1929, has been summoned to Canberra by Governor-General Sir Isaac Isaacs to form a new Australian Cabinet. Lyon is the leader of tbo United Australia Party.
Size Rim
Each
Pair
Size Rim
Each
F>alr
29x4.40—21
$ 4.98
$ 9.60
30x4.50—21
5.17
9.98
30x4.50—21
5.69
11.10
30x4.50—21
5.1 7
9.98
28x4.75—19
6.65
12.90
28x4.75—19
5.98
11.70
29»*.75—20
6.75
13.10
29x4.75—20
6.08
11.90
29x5.00—19
(j.98
13.60
29x5.00—19
6.25
12.10
28x5.25—18
7.90
15.30
30x5.00—20
6.45
12.50
29x5.50—19
8.90
17.30
28x5.25—18
6.95
13.40
30x6.00—18
11.20
21.70
29x5.50—19
7.85
15.20
32x6.00—20
11.50
22.30
30x6.00—18
9.46 .
18.30
32x6.75—20
15.35
29.80
33x6.00—21
10.35
20.00
MILK
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Is an essential Food for all Humans.
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Be sure the milk you buy is
PASTEURIZED
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i PRODUCERS QUALITY MILK ^ : Indiana Dairy Marketing Association
Phone 484
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Best Coal in Muncie.
Phone 1206
BLUE CAB COMPANY PHONE 2199 Under New Management PROPRIETOR OF PUBLIC CAB CO. Any Place In City for 25 Cents We Carry Full Liability Insurance. ROSS SMOOT, Mgr.
Work Called for and Delivered PENCEY CLEANER
$1
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Phone 659 West Jackson
Room 5 Western Reserve Bldg.
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DOLLAR CLEANERS, Inc. Phone 637 1404-06 So. Walnut Street. Try our prompt and efficient service on Cleaning, Pressing, ttelining, Repairing and Dyeing on your vacation clothing. We Call for and Deliver F. a ALLEY Managers W. H. GILLIOM New Fall Samples on Display