Indianapolis Times, Volume 40, Number 7, Indianapolis, Marion County, 19 May 1928 — Page 3

MAY 19, 1928.

CLAIM WEEDING OF BANKS ENDS FAILUREPERIOD estate Commissioners’ Report Shows Increase in Resources. - Following a period of carefully feeding-out banks which could not be saved. State Bank Commissioners Luther Symons and Thomas Bart today announced that the period of bank failures in Indiana is about •pver.' \ In the period between Dec. 31, 1926 and June 1, 1928, the State banking department will have a reduction of twenty-five in the number of State banks in operation. Asa result of this weeding-out process accomplished through consolidations ad liquidations, resources and deposits have increased while the number of banks has decreased. Survival of Fittest "Bankmg today is merely a problem of survival of the fittest,” Barr said. • \ ‘“On Dec. 31, 1926 there were 844 State banks with total resources of $746,923,347.01; on Dec. 31, 1927 there were 820 State banks with total resources of $758,981,955.05. “This is an increase of $12,053,608.04 with a reduction of twentyfour banks. “Since that period five more banks have either liquidated or consolidated yet the June* figures will show no depreciation in resources and from present appearances an increase. “In the nearly two years that have elapsed since the making of the • June, 1926 tabulation, but three new banks have been chartered and these only upon the recommendation of responsible bankers in the communities in which they were established,” Barr said. Three New Banks The new banks are the Inland fTrust, Indianapolis; South Side Bank, Ft. Wayne, and Indiana fTrust. Evansville. “Indiana bank closing can be blamed almost entirely on the drop in land valuations,” the two bank (commissioners state. “Ninety-eight per cent </ the banks thta have failed were located In farm communities and operated by men who had no thorough knowledge of banking so that in a moment of emergency could not bring any professional knowledge |to their aid. “As land went down loans befcame heavier, _ with prospects of their liquidation" farther off. “With banks so situated that there were no diversified industries to draw upon for aid, the farm banks was placed in a precarious position.”

FARM BUILDINGS BURN parn, .Shed and ..Poultry .Shed Destroyed in Adams County. 2??/ United Press DECATUR. Ind.. May 19.—Doras Werling, St. Mary’s Township, just couldn’t have any luck or else bad luck was stored up for him. A .barn, hog shed and chicken house owned by him burned .to the ground here while he slept. The origin of the fire was not determined. A barn back of the Werling house caught fire. A passerby noticed it and awoke the owner. By the time'they returned to the scene the other buildings were ablaze. The loss included farming implements, several tons of hay. grain and several chickens. ROAD CONTRACTS LET Awards for Three Sections of Construction Awarded State Highway Commissioner has p warded contracts for paving three sections of State Rd. 25 between Logansport and Rochester. Those receiving the contracts: Cast Construction Company, Warsaw, 6.7 miles in Cass County, $117,000; Roger Daoust, Defiance, Ohio, 6.2 miles in Cass and Fulton Counties, SIIO,OOO and 8.1 miles in Fulton County, $151,000. ORDER BUS RATE FILED Hoosier Line Must List Tariff and Schedules The Public Service Commission today ordered the Hoosier Motor Transport Company, Martin J. Linskey and Tony Poparad, operating Indianapolis to Ben Davis busses, to file a schedule of busses and rates. A hearing on- The schedules and fares will be held iMay 26. Class to Be Alumni Guests UV/ United Press WASHINGTON, Ind., May 19. An entertainment program and banquet is in store for members of the 1928 high school graduating classes who attend the alumni reunion in the old gymnasium here Monday night. It is planned that some member in every graduating Class in attendance make some sort of short talk. Women of the First Methodist Church will prepare and (Serve the banquet. Hurls Purse Through Window ® n United Press NEWCASTLE, Ind., May 19. Grace DraughSh, Chicago, was fined $lO and costs in city court here for public intoxication. A charge of property destruction was dismissed. Police said they arrested the woman after she swung a heavy beaded purse through a plate glass commission house window in the early pnorning hour. Girls to Meet Ruth Elder x By Times Special EVANSVILLE, Ind., May 19. Twenty girls from the tri-State district of Indiana, Illinois and Kentucky surrounding this city, are being selected in a contest to have luncheon with Ruth Elder, aviatrix, here Tuesday. She will be here on >he bill of a vaudeville theater, • . . \ ' - *

Capture of Pekin by Nationalists Near

forces* in China, is about to fall . before the advancing forces of r T"*" ’ Chiang Kai-shek, leader of (lie >, __ southern or nationalist troops, ac- Jts cording to dispatches. Above are pfe - "';,> r mous summer palace of the I peror in the hills near Pekin (right, above), and the beautiful Temple of Heaven (below, right).

Pekin, capital of the northern forces' in China, is about to fall before the advancing forces of Chiang Kai-shek, leader of the southern or nationalist troops, according to dispatches. Above are scenes in Pekin, with the Legation street gate at the top (left); the Grand Hotel just outside the legation quarter (lower left', the famous summer palace of the em-

peror in the hills near Pekin (right, above), and the beautiful Temple of Heaven (below, right).

RANKS INDIANA 14TH National Survey Shows State Investments Good. Indiana ranks fourteenth among the States as a field for investment in State, county and municipal bonds according to an analysis of the debt-paying ability of the various States in relation to their wealth which Walter Van Riper makes in the current issue of “Barron’s Financial Weekly.” New Hampshire ranks first, Nevada second, Connecticut third and Massachusetts fourth, while Mississippi and North Carolina rank forty-seventh and forty-eighth respectively. The financial expert obtains his results from tables, showing the per capita totale debt, wealth and income and the ratio of debt to wealth and income. His figures cover the years from 1922-26. Other States ratings given include in the order named: Wisconsin, fifth; Illinois, Vermont, Missouri, Maryland, Nebraska. Pennsylvania, Maine, Rhode Island, Indiana, Kentucky, New York, Wyoming, California, New Jersey, Georgia, lowa. Washington, Ohio, South Dakota, West Virgina, Michigan, Utah, Oklahoma, Delaware. Virginia, Kansas, Florida, Alabama, Montana, Minnesota, Oregon, North Dakota, Louisiana, Colorado, Arkansas, South Carolina, Texas, Tennessee, New Mexico, Idaho, Arizona, Mississippi and North Carolina.

HONOR ELZA ROGERS ‘Sick and Tired’ of Graft, Says Chairman. Bu Times Special LEBANON, Ind., May 19.—Democrats joined with Republicans in honoring Elza O. Rogers, newly elected Republican State chairman, at a reception at the courthouse here Friday night. Responding to congratulatory speeches, Rogers said: y “1 am sick and tired of the domination of wealth in politics; I am sick and tired of organized political graft, and I am sick and tired of the sinister factional forces and isms in politics and I don’t want anything of that kind in my party. Mayor Paul O. Tauer opened the meeting, then turned it over to exJudge W. H. Parr, Democrat, and former law partner of Rogers. County officials, attorneys and ministers were among the speakers. Wins $5,000 Damages Sherrell Hancock, Lawrenceville, 111., Friday was awarded $5,000 judgment against the Vincennes Bridge Company by a Federal Court jury for injuries received when Hancock fell from temporary plank walk on a Wabash River bridge the company was repairing in November, 1925. Hancock sued for $30,000. I. T. U. Instructor Resigns Bu United Press BLOOMINGTON. Ind., May 19. Prof. Oliver P. Field of the political science department of Indiana University has resigned to become assistant professor of political science at the University of Minnesota whew-he received his A. M. degree in 1924. Catches 35-Inch Carp Bu Times Special BLUFFTON, Ind., May 19. Floyd Petzel is claiming the local carp-fishing title so far this season. His catch weighed 22 pounds and was 35 inches long. It was taken from the Wabash River beneath the bridge at the north end of Main St. The flag of the President of the United States shows the President’s seal, bronze on a blue background, in each corner of which is a large white star.

Gallant l Bu United Press NEW YORK, May 19. Arthur Gold filed a complaint against Miss Helen Read, charging her with damaging his automobile in a collision. Then he looked at her and said: “I withdraw the charge. She is too pretty to prosecute.”

Monk Business Bu United Press NEW YORK. May 19.—The Bronx Zoo has acquired a sacred lizard from Bangkok by strategy where money failed. M. G. Bistany, collector for the zoo, offered a Bangkok monk money for the lizard, but the monk declined. Bistany then made a donation to the monastry and the grateful monk gave him the lizard.

FILE PRIMARY COSTS Holmes, Deery Ask $3,000 Each for Services. Chairman Irla M. Holmes of the county election board, and the Democratic member, James E. Deery, presented claims Friday witk County Auditor Harry "Dunn for $3,000 each for services as election commissioners. Total cost of holding the primary election will be $50,468, claims in Dunn’s office show. The county council appropriated $50,000. If this sum is exceeded, another appropriation will be asked, Dunn said. The total is divided as follows: To election boards in 269 precincts, $28,000; for voting places, $2,690; for hauling voting equipment, $468; for printing ballots ancf other equipment $10,000; for the election commissioners and canvassers, $12,000. ASSAILANT SCORES K. 0. Slugs Motorman After Checking Name of Victim. Clarence Stanlry, 1557 Churchman Ave., learned a lesson in “don’t give your right name” Friday night. He was returning to his home from his work as street car motorman when a man approached at Bethel and Churchman Aves. “Is your name f Clarence Stanley?” the stranger asked. “Yes,” said the motorman. Whereupon the stranger shot a fist to Stanley’s face with such impact that Stanley took the count. He gave no reason for the slugging in reporting to police. He was not robbed. Publishers Will Meet Bn Times Special JASPER, Ind., May 19. The Pocket Publishers League, whose members are proprietors of weekly newspapers in southern Indiana, will hold its annual meeting here Monday. Albert Rumbach, Jasper Herald editor, will be guide on a tour in the afternoon during which various newspaper plants will be visited. William B. Carleton, Boonville, is* league president, and Charles T. Baker, Grandview, sec-retary-treasurer. Students to Hear Banker Bu Times Special BLOOMINGTON, Ind., May 19. Dick Miller, president of the Chamber of Commerce and of the City Trust Company, Indianapolis, will speak before the Indiana University commerce students here Thursday evening. The address is one of a series by Indiana business .leaders. Miller is an Indiana University graduate and former football star. Evidence May Be Put on Ice " Bu Times Special BLOOMINGTON, Ind., May 19. A fish six inches long probably will be kept on ipe by Justice of the Peace Bailey here pending a trial set for May 26, involving alleged violation of fish laws. Two men who caught the fish say it is a perch, but game wardens who arrested them and seized their catch declare it a blue gill. J Retired Minister, 92, Dies Bu Times Special COLUMBUS, Ind., May 19.—The Rev. David T. Newsom, 91, retired Quaker minister, is dead of paralysis at his home here. He was a Bartholomew County native and had spent fifty years in the ministry. Store Holdup Yields $75 Bm Times Special bqjfdits who held up Russell Bennett and his wife in his drug store, escaped with $75. This was the second holdup of store in a year. '

THE INDIANAPOLIS TIMES .

MULLINS RITES SET Services for Manufacturer Monday. Funeral services for Harvey Mullins, vice president of the AcmeEvans Company when he retired five years ago, will be held Monday at 3:30 p. m. at his home, 4812 Broadway, where he did on Thursday night. Mr. Mullins was born at Paris, 111., June 27, 1850. He engaged in the milling business there until he came to Indianapolis in 1884 and became associated with the Acme Milling Company, later a part of the Acme-Evans Company. For twenty-seven years Mr. Mullins was a member of the Board of Trade board of governors. He was Board of Trade president / in 1922. Hewas a deacon of the Central Christian Church. He also was a Scottish Rite Mason. Surviving are the widow, a daughter, Mrs. Edna Swan; two grandchildren and a sister, Mrs. Arthur M. Parker of Alhambra, Cal. Burial will be at Paris. 111., Monday. G. M. C. RECORD SET More Cars Exported in Last 3 Months Than Ever. Bn United Press DETROIT, May 18.—Exports of General Motors automobiles established anew high record for any quarter in the company’s history during the first three months of this year, president Alfred P. Sloan, Jr., announced today. A total of 56,937 cars were exported as compared with the former high mark of 53,009, made during the second quarter of 1927, Sloan stated. The mark was an increase of 44 per cent above the exports of the first quarter in 1927, when 39,443 cars were shipped abroad. 2 GET VALOR MEDALS Coolidge Makes Awards for Saving Children From Trains. Bu United Press WASHINGTON, May 19.—Miss Jessie Knight of Mat boon, 111., who rescued three childre; from being crushed beneath a train, fend Charles W. Van Buren of Jackson. Miss., who saved a boy from a similar fate, have been awarded honor medals by President Coolidge. The interstate commerce commission gave the stories of the two heroic deeds. Hunter-Fisherman at 92 Bp Times Special NOBLESVTLLE, Ind., May 19. This city claims the oldest Hoosier hunter and fisherman. Henry McCannon, 92, has taken out a hunting and fishing license.

YOUR MOTOR JOYS WILE BE MORE COMPLETE WITH §FISK TIRES They are trouble proof, they are guaranteed, they have all advantages of any make tire —plus our personal service. Credit Terms v Select the tires or battery you want—arrange with our salesman terras that are agreeable to you. Factory Supply & Tire Cos. 963 No. Meridian. Capitol and Maryland

HAYWOOD WILL REALIZE HOPE TO REST IN U. S. Ashes of I. W. W. ‘King’ to Be Sent Across Ocean From Russia. BY EUGENE LYONS Un ‘,ed Press Staff Correspondent MOSCOW, May 19.—“ Big Bill” Haywood had hoped and longed to return to his native United States, scenes of his earliest Communism, but it was not until death overcame him that this was possible. The “uncrowned king of the I. W. W.” died Friday morning at the Kremlin Hospital, and today plans were made for cremation of his body. \ • One-half of the ashes will be sent to the United States, while the other portion will be buried in Russia, where Haywood had taken voluntary exile rather than submit to a twenty-year prison sentence in the United States The body lay in state fit the political refugees’ club last night and a guard of honor stood by it. Americans in Guard In that guard were may Americans, who, like Haywood, had come to Russia to practice their Communistic beliefs. They spoke feelingly of Haywood, of his early days in Colorado and Idaho, of his vigorous attempts to build up Communistic organizations in the United States and of the trial for attempting to obstruct the World War. I was this trial that resulted in Judge K. M. Landis in the Chicago Federal Court sentencing Haywood to twenty years in a Federal penitentiary. Haywood fled to the United ' ,ates. He came to Russia and held several minor Soviet offices. Wanted to Return But of late years he had expressed the hope'he might some day return to the “hard rock” territory in Colorado where he first became prominent as a labor worker. Up to his death he kept recalling the United States. Thursday night he talked with American friends about strike days in Pennsylvania, around Bedford, and reminisced upon his battles in his native country. A few hours later he died, while he slept. It was this desire to return to the United States that led to a decision to send part o' Haywood’s ashes back Lo his home country.

Gone, but Not Forgotten

Automobiles reported missing to police: C. L. Heath, 152 S. Bancroft St.. Hudson; stolen from Thirty-Second and Illinois Sts. Fred Land, Milan, Ind., Ford, 215221; stolen from Hillsboro, Ind. Rocco Ciardina, 3965 English St.. Ford, license 21-063; stolen from Fletcher Ave. and Lexington St. C. E. Ellers. 538 N. LaSalle St., Ford, 12-768; stolen from Cincinnati. Charles F. Rosebrook, 5210 N. New Jersey St., Ford, 633-989; - stolen from Market and Alabama Sts. H. C. Vanmeter. 428 N. West St., Auburn, 655-925; stolen from 500 Indiana Ave.

BACK HOME AGAIN

Automobiles reported found: Roy L. Butts, 23 N. Hamilton Ave., Studebaker; at 929 Olive SU Kermit Slack, 419 N. State St., Ford; at Fifty-Sixth and Meridian Sts. F. E. Engle, 4163 Otterbein St., Ford; at 2105 S. Eastern Ave. Edwin Cook, R. R. G, box 84, Chevrolet; at Twentieth St. and Ashland Ave. NEW BUS LINE GRANTED Anderson-Greensburg Route Gets Commission Approved Permission to operate a freight and passenger bus line between Anderson and Greensburg was granted the Eagle Bus Line, Friday, by'the Public Service Commission. The bus line was made necessary because the Big Four Railroad has been permitted to discontinue two trains between Anderson qjid North Vernon.

BANDBOX TERMINAL STARTING SATURDAY “Pitfalls of Passion” MEN ONLY—2Sc

Appear in Minstrel Show

These women appeared in a minstrel show given Thursday before the Calendar Club of the Capitol Avenue M. E. Church, Thirtieth St. and Capitol Ave. They are Mrs. C. J. Faulkner, Alma Zueiser, Louise Faulkner, Mrs. C. C. Heller, Mrs. John T. Crackel, Mrs. Tuck, Mrs. Virgil J. Park, Mrs. O. A. Thompson, Miss Jeane Clemmer, Mrs. C. A. Willingham. The musicians were Miss Mabel Greenbaugh, pianist; Miss Margaret Anderson, mandolin; Miss Alma Zueiser, banjo; James Willingham, violinist.

BREMEN WIVES EN JOT QUIET Plan Restful Day After Visit to Riverside. A day of rest and home amusement was planned today by Mrs. Hermann Koehl and Mrs. James Fitzmaurice, wives of the Bremen fliers, who are visiting in Indianapolis. They are guests at the home of Richard Kurtz, Seventy-Fifth St. and White River. The women said that they probably would not even go downtown today. The long succession of receptions and fetes for them has

259 East Washington St. Cor. Washington and Alabama Sts.

Children’s HATS Smart Styles and Colors Reduced to 99<

Amazing'Sale of 1,000 New Li DRESSES COATS lr *—Rushed from New Tor This Great 7 y EJ, p Dresses here to fill the need of every woman’s social and busi- \ \ UfINfMU/C ness duties from early morning to the evening hours. Included \ 1 nmuu " i are one and two-piece frocks of unusual smartness; afternoon \ frocks of alluring charm, and evening dressse of feminine sophis- \ tication. Sizes for Women, Misses and Larger Women. \ j THE COATS \\ \ I.ONV * T *y*J& ° ttr \ ™!? rt ? oat VI 6 2! thc ver y fincst Quality, cor- \ \ the® —• \ rectly tailored and fashioned. Coats you cannot ex- \ \ ■ \ l ,ect to purchase for or three times this price. 1 \ * I *&&**** \ KASHAS. BROADCLOTHS, FLAXNKhS, TWILLS, \ \ \ TWEEDS. SATINS. BENGALINES, MIXTURES. I V m \ yep 4 * \ SPORT FABRICS / 1 j\ m „ \ Spor } ra ?, dels > dressy effects, straightlines, coats with / J] JK m A Ga*' en \ sears collars, fur cuffs, fur collars, satin reveres— / MK 1% % BoW \ EVERY pffect - AU we ll made and crepe // I / * * in ° ut b lined. Some SILK lined. Every new color. .Sizes 13 to 52. "jJ All Si-os Including Stouts r

STOUT DRESSES A special group of stout dresses, newest patterns, latest styles, prints, crepes and plain- colors, while they last. s lo=

7.59 E. Wash.-STEWARTS~2S9 E. Wash.

completely worn them out, and then' fctav in Indianapolis, at their own wish, has been characterized by simnle re'axation and informal entertainment. BLAST CASE REVERSED William Davis Granted New Thial for Montpelier Bombing State Supreme court Friday reversed the two' to fourteen year sentence and SIOO fine passed on William Davis, In the Blackford Circuit court for participating in' the bombing of the Columbia Hotel at Montpelier Jan 9, 1924. Anew trial was ordered. Davis’ attorneys ' argued that evidence against their client had been perjured. Forty-nine others were indicted with Davis. The bombing occurred during a labor disturbance.

Sleeveless DRESSES Taffetas, Silks, checks, plain colors with flare skirts,

PAGE 3

SHOALS BILL TO COMMITTEE FOB FINAL'REVISIONS Varying Senate £nd House Drafts Must Be Reconciled. BY C. J. LILLEY WASHINGTON, May 19.—Just what form Government operation of Muscle Shoals will take will not be determined until a conference bill has been agreed upon in Congress. The House requested that the amended Norris Bill go to conference, instead of following the usual custom of letting the Sena te determine whether to accept or reject the amended measure. The five House conferees are: Representatives . Morin, James, Reece, Quin and Wright. All are familiar with Muscle Shoals and Cove Creek and their prospective development. The Senate and House bills are radically different. The . Senate measure provides for Government operation by the Departments of War and Agriculture. The War Department to handle manufacture and sale of electric power and the Agricultural Department to manufacture fertilizer in one nitrate plant and to experiment for cheaper process in the other. The House bill creates a Government corporation capitalized at $10,000,000 to operate both the power and nitrate plants. Fertilizer manufacture was removed from this bill and manufacture of fixed nitrogen, an element of both fertilizer and munitions was substituted.

Smart Summer FLANNEL DRESSES All Newest Shades' S4-££

WASH DRESSES Special selling all sizes, including stouts, some silk and tub silks, guaranteed fast colors, Saturday only sHfj*9B