Indianapolis Times, Volume 41, Number 162, Indianapolis, Marion County, 16 November 1929 — Page 1

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STRONG NAVY VITAL TO U. S., FIGURESSHOW America as Dependent as Britain on Products of Other Nations. FOREIGN TRADE IS HUGE Country Must Rely on Its Exports to Big Extent for Prosperity. TbU U the \ixth of a scries on the coming* five-power naval parley, written by an expert on world affairs. BY WILLIAM PHILIP SIMMS Scrinps-Howard For.lun Editor "Why the United States should want a navy equal to that of Great Britain is a question difficult to answer,” said Lord Wester-Weymss, admiral of the British fleet. So the puzzled sea dog put the query bluntly “to a distinguished American naval officer, who just as blandly came back with: “Well, why shouldn't we?” This reply. Lord Wcvmss seemed to consider no answer to his question, for he remarked, “it is neither the weight of America’s responsibilities nor the defense of her coasts which demands equality with Great Britain.” Why does America insist upon parity? Shipping Worth Billions The United States has a population of 120,000,0000. It has a. national wealth of approximately $450,000,000,000, or three times greater than Britain’s, six times greater than France’s, ten times greater than Italy's, and fifteen times greater than Japan’s. Former Secretary of the Navy Curtis D. Wilbur points out that America has more than 20,0000,000 tons of merchant shipping on the seas. At $l5O a ton, this would be worth $3,000,000,000, or about equal to the value of all the property in the United States at the time of the Revolution. Our foreign investments, says Dr. Max Winkler, vice-president of Berton, driscom & Cos., bankers of New York, amounted to no less than $15,000,000,000 at the end of last year and they are still increasing at a rate of between one and two billion dollars annually. “The insular possessions of the United States.” says Admiral E. W. Eberle, former chief of naval operations, “plus our investments abroad, our shipping and other trade facilities overseas, aggregate a value of nearly $50,000,000,000,” or more than our total national wealth in 1880. Foreign Trade Is Huge Tire foreign trade of the United States, about equal to Britain’s, (amounts to approximately ten billion dollars a year, which business President Hoover characterizes as our “prosperity balance.” That is to say, our export trade takes care of oiir surplus production and if for any reason this surplus were left on or hands, factories would slow up or close, the bottom would drop out of the price of farm products, vast unemployment would become inevitable, and the country would be up against hard times. Keeping the sea routes open to our foreign markets, therefore, spells the difference between the average citizen having a job and not having * a job—something which most Americans adm* is rather important. Britain stresses her need for fooa and raw material from the outside. America faces a similar necessity, though raw material, rather than foodstuffs, constitutes her great need. Ruboer is an example. A blockade cutting off rubber from this country would force every automobile and tire factory in the land to shut down along with electrical goods manufacturing concerns and the thousand and one businesses and trades dependent upon these key industries. Need Many Foreign Products There are more ways than one. Senator Borah of Idaho pointed out in the senate, to starve a nation to death or bring it to its knees. Besides rubber, America must obtain from overseas such things as chromium and manganese—vital to the production of high-grade steelantimony, nickel, tin. tungsten, hemp and so on. plus many of the materials needed in the manufacture of some of our most important drugs. America, in short, is as dependent upon the outside world as Britain or any other nation. Her needs may not be identical, but they are just as great. Her wealth, her vast population, the standard of living of her citizens, the continuation of the average citizens prosperity, her prestige n a world which, whether one likes it or not, still depends largely unen material strength, and the ordinary requirements of national defense, all speak not for superiority but for equality, along the international highways of the sea. Basically, such Is the position of the United States. Quake Rocks Italy Bu Pre** FAENZA, Italy. Nov. 16—A violent earthquake, lasting three hours, was registered on the seismograph at the observatory of Rafael Bendandi. noted Italian seismologist, here early today.

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The Indianapolis Times Rain probable tonight and Sunday; rising temperature tonight.

VOLUME 41—NUMBER 162

GRIDIRON INTEREST IN CONTESTS OF PURDUE, NOTRE DAME ELE YENS

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Veterans shown who will meet in the Purduelowa game at Lafayette today are: Above (left to right)—George Stears, Purdue guard, and Glenn Harmeson, Indianapolis, Purdue

GOOD SPENDS RESTFUL NIGHT War Secretary Recovering From Operation. By United Press WASHINGTON. Nov. 16.—Rest obtained early today by Secretary of War Good, desperately ill after an appendicitis operation, brought an improvement in his condition, Walter Reed hospital authorities informed George Akerson, secretary to President Hoover. The word from the hospital came after a night of anxiety during which the President called to see his friend while army and civilian surgeons were conferring over the gravity of the cabinet member’s condition. FIREMEN ASSIST STORK Use Inhalator to Revive Life in Babe Born Too Soon. Bn United Press DETROIT, Nov. 16.—Smiling up into the faces of members of rescue squad No. 1, Baby Daniels decided to live. The firemen worked forty minutes with an inhalator. forcing oxygen into the lungs of the five-pound prematurely-born son of Mrs. Ina Daniels. ,

MARKET REGAINS LOSSES IN CRASH

BY ELMER C. WALZER United Press Financial Editor NEW YORK. Nov. 16.—At the close of the stock market this week, prices were back to around where they were at the start of the week. In the process of arriving at their present prices the various issues went through the throes of another severe reaction that sent more than 500 issues to new lows for the year and also brought the industrial and railroad averages to new low levels Pessimism regarding the future of the market and of business was turned to optimism by a series of events never before amassed in one group in so short a time. The market was crashing to new low depths when on Wednesday night. It was learned that a bid for 1.000,000 shares of Standard Oil of New Jersey had been made at SSO per share. Then came announcement from 'Washington that business was good enough to justify a tax reduction on corporate and individual incomes.

half back. Inset, Mike Farroh, former Michigan City (Ind.) prep star, lowa half back. Below (left to right)—Ralph (Pest) Welch. Purdue half back; Lawrence Reedquist, lowa end, and Homer Plersel, lowa tackle.

Eyes of the middle western collegiate football world were focused on Lafayette and Chicago today, where battles involving Big Ten and national honors were to be waged. At the camp of the Boilermakers, the famous Purdue back field will test the strpng lowa line which repulsed Minnesota last Saturday. At Soldiers’ field. Chicago. Notre Dame, undefeated, was to tackle th 6 mighty Trojans from Southern California. Although the Hoosier elevens were slight favorites, the outcome of both contests were regarded as tossups. Local interest centered on Butler bowl, where the Bulldogs meet James Millikin, Little Nineteen champs. * u Traditional rivalry tussles topped the eastern card. Yale and Princeton were set for their fifty-third classic, with the Eli’s a favorite. Pittsburgh, undefeated, was to take on Carnegie Tech, “home-town” rivals. Holy Cross-Harvard, Dart-mouth-Cornell and Colgate-Syra-cuse were other important tilts Missouri journeyed east to clash with the inconsistent New York university Violets. In the Big Ten. Indiana entered the Northwestern Wildcats’ lair, Michigan and Minnesota were to battle for the “little brown jug,” and Illinois met an ancient foe in Chicago. Runaway Accident Is Fatal Henry A. Ratts, 65, Hall. Ind.. died Friday night at the Methodist hospital from injuries received Thursday when a team of horses he was driving ran away, throwing Ratts from the wagon.

The market responded to these two factors readily and then came a reduction to 4H per cent in the rediscount rate at New York: a decline of $710,000,000 in brokerage loans: a bid of $l5O a share for 200.000 shares of U. S. Steel: a statement by President Hoover that he was calling a conference of business and government leaders to co-ordinate business and make way for a vast program of improvements. Observers said the market had touched the lowest point it would reach in a long time and it generally was believed that the gains would be maintained. The object of the more conservative traders now is to keep things quiet In Wall Street to prevent a rise that would go too fast and probably end in another collapse. The ideal sought is a market of around 3,000,000 shares a day, with tickers keeping abreast of the trading and more attention diverted to business away from the stock market.

INDIANAPOLIS, SATURDAY, NOVEMBER, 16, 1929

MINE PICKETING IS INVESTIGATED Boonville Co-Operative Is Asking State Troops. Report from Chairman Roscoe Kiper of the state industrial board on alleged picketing by union miners at the John Bull co-operative mine, near Boonville, is expected to be received at the Governor’s office today, L. O. Chasey, secretary to Governor Harry G. Leslie, announced. Kiper was assigned to investigate the situation after Bull mine representatives presented a petition to the Governor, asking state protection. The petition was signed by eighty-five mine stockholders. The mine representatives told Chasey that they have been unable to operate since last Tuesday. The miners, they said, have been thwarted from driving their cars to the shaft by the pickets blocking the road and using poles to mash windshields. Request for state police was refused by Chief Robert T. Humes, who said that Sheriff Ward of Warrick county is able to handle the situation. Ward told Chasey the situation was not as serious as painted, but wanted the state police aid.

OFFICER IS RIOTOUS Creates Disturbance at Tech Grid Game. By Times Special EVANSVILLE. Nov. 16.—Cries of “lynch him, kill him, drag him out,” were hearc} here Friday night after Edward Schaefer, city motorcycle policeman, started a disturbance at a football game between Technical high school, Indianapolis, and Central high school teams. Schaefer, said to have been drunk, demanded that a group of boys be admitted free to the game, and when refused, attacked the gatekeeper. A crowd gathered about the officer, but he was not harmed. After being locked in a cell at police headquarters, Schaefer set fire to a mattress, making a call to the fire department necessary. NEWSBOY IS INJURED Lad Rides Scooter Into Side of Moving Automobile. Riding his scooter into the side of a moving automobile on Fortysecond street near Illinois street, Leon Coleman, 11, of 3733 Boulevard place, newsboy, suffered cuts and bruises on the head. Chester Calhoun. 31, R. R. 7, Box 72, was driver of the car.

STABILIZATION OF BUSINESS HOOVER’S AM Calls Session to Restore Confidence Shaken by Stocks Crash. SEEKS ‘DEFINITE STEPS’ Rejuvenation of Building Program Seen as Goal of President. BY ROBERT C. ALBRIGHT United Press Staff Correspondent WASHINGTON, Nov. 16.—With a view to concerted action in the interest of continued business progress, a group of industrial, agricultural and labor executives will meet with high government officials in Washington next week at the invitation of President Hoover. Following immediately the general tax reduction recommendations and Thursday’s cut in the New York bank’s rediscount rate, the White House proposal was seen her& today as the high point in a series of constructive moves to restore public confidence recently shaken by the stock market crash. Just what the group w'ill do in the way of “definite steps,” suggested in President Hoover’s call, is a matter of conjecture here, but the clew is believed contained in the President’s emphasis on recent diversion of capital into the security market at the expense of building construction. Provides Reserve "The postponement of construction during the past months, including not only buildings, railways, merchant marine and public utilities,, but also federal, state and municipal public works, provides a substantial reserve for prompt expanded action,” the statement said. It Is recalled that Governor Brewster of Maine, speaking as he said for President Hoover, before the latter took office, proposed the creation of a “prosperity reserve” which would stabilize industry and* employment by the expansion of public works during periods of unemployment and industrial depression. Senator Jones (Rep., Wash.) now has a bill pending in Congress with that in view. - President Hoover, however, in announcing the conference, brands any lack of confidence in the economic future as “foolish.” He refers to “the exceptionally strong cash position” of the large manufacturing industries; to the “inherently sound” condition of the banks; and to the “magnificent” functioning of the federal reserve reserve system. Their success in bringing about a decrease in interest rates and assurance of abundant capital, he says, marks “the first time such a result has been so speedily achieved under similar circumstances.” Restricted Meeting Briefly, the President’s plan calls for a restricted meeting of representative industrial, agricultural and labor leaders, with the secretaries of agriculture, treasury, commerce and labor, together with the chairman of the federal farm board. It is believed that the plan was evolved at a series of conferences with administration leaders and business executives at the White House early this week, the nature of which gave rise to much speculation in financial circles, where they were vaguely connected with the stock market situation.

NEGRO WOUNDS WIFE Woman Probably Will Die as Shooting Result. With his wife, Mrs. Marie Anderson, 28, Negro, in city hospital, critically wounded, Roy Anderson, 32, Negro, 1635 North Arsenal avenue, insisted to police today that his revolver discharged accidentally. The bullet struck Mrs. Anderson in the chest, ranged up through the chin and lodged above the left eye. City hospital physicians say she probably will not recover. Before she lapsed into unconsciousness, following the shooting early this morning, Mrs. Anderson told police her husband fired the shot because he was jealous of another man. Anderson is held on charges of assault and battery with intent to kill. Two other Negroes are held as witnesses. JANE ADDAMS IS HURT Social Worker Falls in Leaving Hull House Dinner Table. By United Press . CHICAGO. Nov. Addams, America’s best know social worker, was recovering from injuries • received Friday night when she slipped and fell while arising from the dinner table at Hull House, of which she is head. She suffered a fracture of the left wrist. In the Air Weather conditions at 9:30 a. m.: Southeast wind, eight miles an hour; temperature, 43; barometric pressure. 30.22 at sea level; ceiling, 3,000 feet; visibility, one mile, smoke and fog; field, fair,

Banker Returns for Trial Alleged Defaulter Fought Extradition to Kokomo for Two Years. By'United Press KOKOMO, Nov. 16.—William H. Arnold, 63, Kokomo banker believed responsible for the failure of the American Trust Company here in 1927, was back at home today preparing a campaign through which he hopes to vindicate himself. He returned voluntarily Friday, was given a short hearing in circuit court where he faces ten indictments and released on $4,000 bond. Arnold disappeared shortly after the bank failed with a loss of between $500,000 and $1,000,000 and for two years defeated attempts to extradite him from Florida. Previous to his return here, he held a conference with his lawyers at Indianapolis. The grand jury that indicted Arnold also returned indictments against Ora Davies, former state treasurer, Thomas Barr, and Luther Symons, state banking examiners. Indictments against Symons, Davies and Barr were quashed but Davies later was tried and acquitted in a civil suit brought by depositors of the bank in the Tipton circuit court. Frank S. Owens, son-in-law of Arnold and president of the bank after Arnold’s resignation in 1924, was indicted with his father-in-law but was acquitted of charges of embezzlement. The case was taken to Clinton circuit court on change of venue. Each man blamed the other for the crash and the estrangement led to the divorce of Owens and Arnold's daughter. Arnold said Friday, "I am glad to meet the issue and I believe when the facts are brought out it will throw a different light on it. I am content to have the issue brought up in the Indiaryi courts.” Motorist Fatally Hurt By United Press HAMMOND, Ind., Nov. 16.—Fatal injuries were sustained in an automobile accident near Calumet City, 111., by Antonio Chario. Roseland, 111. He died in St. Margaret’s hospital here.

WORKERS LAUNCH BIG FUND DRIVE

2,000 Volunteers Aid in $786,800 Campaign for Community Fund. Spurred by a picture of service drawn for them by social service workers at a dinner Friday night, 2,000 volunteer workers today launched their active campaign for the $786,853 Community Fund. The drive will continue until Nov. 25. Progress of the week-end will be reported at the luncheon Monday at the Claypool and luncheons will be held daily throughout the week, except Saturday. Final report will be made at the annual dinner Monday night, Nov. 25. Clergy of the city will plead for the Communtiy Fund from their pulpits Sunday, which is to be known as the Community Fund Sunday. High enthusiasm prevailed among the workers Friday night as they attended the dinner donated by directors of the fund. Dr. Sherman C. Kingsley of Philadelphia, noted social worker, in the principal address declared *that “the human resources of the nation outweigh in value all other resources.” “Brotherly help to these resources is service to the greatest humanitarian principles ever enunciated,” he said. J. I. Holcomb, general chairman, opened the program by outlining his personal hopes of a victory for the ten days’ solicitation. The personal application of every worker was urged by Hugh McK. Landon, fund president, who paid a tribute to Fred Millis, head of the Millis Advertising Company, for his work in training the solicitors. Fred Hoke, cochairman, and Walter C. Marmon, chairman of the special gifts committee also spoke.

BARBECUE ROBBED BY MASKED BANDIT

A masked bandit, armed with a rifle, early today heldup Mrs. Lewella McCreery, operator of a barbecue restaurant at 472 Massachusetts avenue, and robbed her of S7O. Mrs. McCreery told police she was alone In the restaurant when the robber entered the front door and forced her to stand against a wall while he ransacked the cash register. This robbery was one of a series Friday night and today that netted bandits loot valued at several hundred dollars. Vasil AmuadofT, operator of a fruit store at 536 West Washington street, informed police that burglars, who ransacked his store early today, stole sls from the cash register and cigarets valued at $25,

Entered as Second-Class Matter at Postoffice. Indianapolis

NIGHT PROWLER SHOT TO DEATH BY WATCHMAN

Found prowling in the offices of the Martin-Parry Body Corporation, 1060 West Henry street, early this morning, a former employe, believed to be Richard Austin, formerly of 433 North Illinois street, was shot and killed by a night watchman. Identification was established through a note in the dead man’s pocket. It was a letter of recommendation from Hal Wilson, purchasing agent of the Martin-Parry firm, to the adjutant-general of the United States army. Austin came to work for the firm following his discharge from the army last spring, Wilson said.

WOMAN LIQUOR RUNNERKILLED Self-Defense Is Claim of Sheriff in Slaying. Bn United Press HERRINGTON. Kan., Nov. 16. A woman riding in an auto loaded with bootleg liquor was shot and killed here last night by Sheriff Whitney C. Dedrick, who said he acted in self-defense. The woman. Louise Horton of Kansas City, Mo., was described by Sheriff Dedrick as “liquor crazed.” He said he shot her after she had “pulled a gun” on officers who halted her and her companion, Matt Howard, also of Kansas City, on a tip that they were running through liquor. Forty gallons of liquor were found in the car, the sheriff said. On a tip that the car was carrying liquor. Sheriff Dedrick and Arthur Calkins, police chief, awaited it. They jumped on the running board and commanded Howard, its driver to halt. Sheriff Dedrick, corroborated by Chief Calkins, said the driver speeded up. They said the woman then drew a pistol. It was then that the sheriff fired, he said.

Wet Puddings By United Press LONDON, Nov. 16— American prohibition authorities will permit the shipping of hundreds of gallons of liquor to the United States during the Christmas season. The liquor will be inside English Christmas puddings. The Savoy hotel alone will send 5,000 puddings, each containing half a pint of brandy and half a pint of stout ale. The measure used as an Imerial pint, or almost an American quart. Westbound ships from now until Christmas will carry the puddings, the Majestic already having transported 3,000.

WOMAN TO TESTIFY Case Owner in Gotham for Trial of McManus. By United Press NEW YORK, Nov. 16—A report was current here today that Mrs. Marian A. Putnam, Asheville case owner, would be one of the important state witnesses in the trial of George A. McManus on the charge of murdering Arnold Rothstein. The case is scheduled to be resumed next Monday. Mrs. Putnam, who has arrived in New York from Asheville, according to reports around the district attorney's office, occupied a room in the Park Central hotel, near that in which Rothstein, notorious gambler, was believed to have been shot on the night of Nov. 4, 1928. Hourly Temperatures 6a. m 38 Ba. m,.... 39 7 a. m 38 9a. m 41 10 a. m..... 45

An unsuccessful attempt was made today by burglahs to rob the Ivan Crouch radio and electric shop, 815 Virginia avenue. A glass door had been shattered, but the thieves fled before looting the place. Thieves who ransacked a shoe repair hop at 648 Fairfield avenue Friday night stole several pairs of shoes. 0 Jewelry valued at SBS and S2O in money were stolen from the home of Robert Hargraves, 2414 Roosevelt avenue, by a sneak thief, Friday night. Mrs. Roy Duffield, 4504 Winthrop avenue, today reported to police that a burglar who entered her home Friday, stole Jewelry valued at $l6O.

NOON

Outside Marion County 3 Cents

TWO CENTS

Dennis Ferrand, 65, of 520 Birch avenue, watchman, making his rounds shortly after 1 a. m., found Austin looting a desk, he told police. Austin rushed at him, and Ferrand fired four shots. As the burglar ran through the door, Ferrand fired again, and then phoned police. Austin’s body was found on the lawn in front of the office building with a bullet wound in the chest. A set of draftsman's tools and other articles were found by police in Austin’s pockets. The offices had been looted Friday night, police learned, although no report was made then. Austin is believed to have a wife living at a West New York street rooming house. Two children also are said to live in the city. Austin separated from his family last summer when they lived at the North Illinois street address.

HOG PRICES SELL 5 TO 15 CENTS HIGHER Lambs Scarce and Steady; Vealers Unchanged at $15.50. Hog prices were largely 5 to 15 cents higher today at the Union stockyards. The bulk, 160 to 300 pounds, were selling at $9.15 to $9.25, Butchers were mostly steady. Receipts were estimated at 4,500; holdovers, 372. Cattle market nominal, beef and steers were lower for the week. Vealers selling at regular prices at $15.50 down. Sheep and lambs scarce, not enough to make a market, light lambs salable sold at $12.50 down. Chicago hog receipts, 14,000, including 10.003 directs; holdovers. 4,000. Bids and sales about steady with Friday’s average, a few choice of 180 to 210 pound weights, were selling at $9 to $9.15. Cattle receipts 300; sheep, 6.000. HOOSIER YOUTH SLAIN Bloomington Lad Is Shot in Ohio in Alleged Robbery. Hu United Press PORTSMOUTH. 0., Nov. 16. Jack Wright, son of Mrs. Evelyn Carr of Bloomington, Ind., died here today from a bullet wound received during an alleged attempted robbery. Charles .Schaffer of Friendship, 0., who shot the youth, said he discovered him ransacking a lunchroom here. Mrs. Carr is on rouf° here. No charges have been preferred against Schaffer. SCOUT LEADER TO TALK Anderson Man Will Address Boys at Y. M. C. A. Meeting. E. .J~ Rood, formerly Boy Scout executive of Anderson will address the regular Sunday afternoon boys* meeting at the Y. M. C. A. at 2 p. m. Sunday. Rood, at one time was probation officer at the Plainfield boys’ school and will tell of his experiences with boys in that position and as a Scout executive. Any boy between the ages of 10 and 18 may attend these meetings. FREIGHT SHIP DAMAGED Vessel Hits Rock But Is Beached on Alaskan Coast. Hu United Pres* SEATTLE. Wash., Nov. 16.—Badly damaged, the steel freighter Depere, owned by the Alaska Steamship Company, was beached today at Port McArthur, Alaska, after striking a rock Friday night in heavy weather. Her crew of thirty-five was safe, according to advices received by the Seattle Harbor radio. FACES LIQUOR CHARGE Cops Charge Finding 200 Bottles of Beer in Raid on Home. Raiding the home of Barney McCoy, 73, of 1042 South Randolph street, Friday night, Lieutenant Patrick O’Connor’s squad say they confiscated 200 bottles of beer and twenty gallons more brewing.' McCoy, a retired railroad engineer, is charged with operating a blind tiger. Boy Hunter Killed Bu United Prr* LEROY, Ind., Nov. 16.—A hunting accident claimed the life of John Upstal, 12, of Leroy. Upstal was shot through the side when he picked up his gun after crawling up a small embankment. The trigger caught on a twig as he grasped the muzzle. > .