Indianapolis Times, Volume 40, Number 262, Indianapolis, Marion County, 22 March 1929 — Page 25

IfARCTT 25,1959.

‘DO-NOTHINGS’ FORM CLUB AT PARjSPARLEY Few Do Al I the Work on Reparations; Finance Kings Left Out. BY SAMUEL DASHIELL United Press Staff Correspondent PARIS, March 22.—A small group cf American captains of finance, who are connected with the conference of reparations experts have formed what is believed to be the most novel and exclusive club in the world. The chief by-law of this organization, which is known as the Bellhops Club, calls for the exclusion of all delegation members who are caught in the act of working, which automatically barred such prospective members as J. P. Morgan, Thomas W. Lamont, Ov en D. Young and Thomas N. Perkins, the experts who are doing the actual work of the delegation. Jeremiah Smith Jr., former financial dictator of Hungary, was installed Tuesday as president of the club, whose charter members are associates and assistants to the delegation, and whose chief work to date has been to peruse documents, look wise and dine regularly, because Morgan, Lamont, Young and Perkins have been monopolizing the work. In the roster of members are the names of Stuart Crocker, Young’s associate in the General Electric Company; Ferdinand Eberhardt,

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banker; Fred Bate, secretary of the conference; Edwin Wilson, ( reparations observer attached to the embassy; M. De Sanchez of J. P. Morgan & Cos., and Leon Fraser, S. Parker Gilbert’s Paris representative. Crocker barely managed to get in. He almost was disqualified when operatives reported that he did some work recently. Most of the organized wealth of the world is represented by the financial leaders who are meeting *t the Hotel George V, but there is nothing in their appearance which would impress the casual observer with this fact. Dressed in quiet clothes and laughing and talking together, there is nothing about them to indicate that they have been entrusted with the greatest financial problems in the world Beside the American group there is the energetic Dr. Hjalmar Schacht, head of the Reichs Bank of Germany. Then there is the Belgian, Franqui, who worked so hard for the Dawes plah and who is called the savior of the Belgian franc. Governor Moreau, of the Bank of France, a little, elderly man, is the dean of all these wizards. An even smaller man than Moreau in stature, is Kengo Mori, who controls the banking business of Japan. Lord Revelstoke and Sir Josiah Stamp, both dominating figures in British finance, head the British delegation. Club Pioneer Dies Bu Times (Special SOUTH BEND, Ind., March 22. Mrs. Frank Mayr Sr., 72, a charter memfc'- I the Wednesday Literary Club 1. j, the second oldest organization of its kind in Indiana, is dead at Miami, Fla., where she spent the winter. Funeral services and burial will be held here.

FARMERS SEEK AID IN GERMANY Demand Protection From Foreign Competition. £;/ United Press BERLIN. March 22.—The precarious condition of Germane agriculture was in the foreground of political interest today following agragrian claims that present relief measures are in adequate. One agricultural leader declared that although Germany requires a certain amount of imports of foodstuffs, in many instances the imports far surpass actual needs, resulting in inability to market German farm products. The same person emphasized that the present import duties prevent Germany from competing with other countries. Eastern and Southeastern European countries are said to be able to undersell, owing to the lower cost of production in their countries, which is a result of the lower standard of living of their farm laborers. It was claimed, for instance, that in Poland the cost of production is 40 per cent below the cost in Germany. Overseas competitors chiefly are Argentina and Canada where the standard of living is as high as, or higher than, in Germany. Importers of those countries are in a position to offer more favorable trems of credit than the Germans. Four of the biggest Agrarian organizations drafted a memorandum Thursday which demands chiefly greater protection against foreign competition.

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MAILS BOMBS, GUN TO , ‘FRIEND IN CHICAGO’ Ba United Press NEW YORK, March 22.—Somebody in Chicago is not going to receive a little present, four bombs and a sawed-off shotgun, which a friend here mailed to him. The reason is that a postal clerk in the Grand Central office discovered the contents of the package and turned it over to police. It was learned, however, that the package was addressed “general delivery” although no one'would reveal the name of the person to whom it was consigned. The bombs were not of the “time clock” variety. It was assumed that some gentleman in Chicago merely had run out of ammunition and had requested a New York friend to supply him with a gun and some bombs so he might do business as usual.

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3 OVERCOME RY GASiSAVED Woman Fails in Rescue; Nearly Loses Life. A man and wife and their wouldbe rescuer, a neighbor woman, were overcome by coal gas in their apartment building at 117% Leota street early this morning. They were saved from asphyxiation by Niles Smedley, husband of the woman who made the rescue attempt. The gas victims, none of whom is in serious condition are, Mr. and Mrs. Fred Romine and Mrs. Smedley. Mrs. Smedley, who lives on the floor below the Romine family, was awakened by morning. She’ went to

investigate, found the couple sleeping in a tightly closed room, threw open the door, but was herself overcome by the fumes before she could open a window. Smedley followed his wife, carried the gas victims from the room, and called police. They quickly were revived.

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