Indianapolis Times, Volume 41, Number 256, Indianapolis, Marion County, 6 March 1930 — Page 7

MAR. 6, 1930.

COTTON MARKET GAMBLING CURB IS IN PROSPECT Subcommittee’s Report Is Spur to Plan for More Regulation. By Scripps-Howard Newspaper Alliance WASHINGTON, March 6.—The senate agriculture committee is considering further regulation of cotion marketing, seeking to curb manipulation. While it is improbable the committee itself will write a bill, it may mend one of the bills before it, or the present cotton futures act. The Caraway bill would abolish cotton futures markets. Caraway is understood to be willing to have that bill amended so its terms will not be so drastic. Then there is the Connally bill, which sets up further rules for the marketing of cotton in futures markets. There is the Ransdell bill, also, which requires that a federal license be secured before a futures market can operate and sets up a control committee for each exchange. The legislative plan finally agreed upon doubtless will include some of the recommendations made Wednesday by the agriculture subcommittee that investigated cotton exchanges. This group recommended straddles be abolished; buying and selling on call be done away with; that control committees be set up in the exchange. And that a federal commission be named to designate futures markets as contract markets.

OBLIGING COPS HELP CLEVER GEM THIEVES Turn Jeweler Over to Police, Then Rob His Store, ROME, March 6.—Italy's two slickest, crooks swindled the police force. Posing as officers of the carabineer force, they showed a warrant to a jeweler who submitted to arrest quietly, knowing he could clear himself of the trumped up charge. Tire two crooks turned their captive over to two real carabineers, who handcuffed him and took him off to jail. As soon as they were out of sight, the first “police officers” looted the jeweler’s shop of $100,000 worth of gems.

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Seeks Office

Frank Cones

Frank Cones, 3642 Coliseum avenue, today announced his candidacy for the Republican nomination as county treasurer. Cones, who operates a realty and finance firm at 615 People’s Bank building, is a member of the county council and has been identified with civic activities for many years. He was an unsuccessful candidate for the post two years ago. He is a member of Masonic, Knights of Pythias and Red Men lodges and the Methodist church.

ORGANIZATIONS HELPED Late Donor of $500,000 Building at La Porte Left Bequests. By Times Special LA PORTE, Ind., March 6 Maurice Fox, manufacturer, who died here last week, and was the donor of a $500,000 civic building to La Porte, left bequests for various organizations, it is revealed in his will, filed for probate in the La Porte circuit court. Among the beneficiaries under the will are the Holy Name hospital. Civic Music Association, Women’s Association, Fox memorial park and La Porte Charity circle. RAP ILLITERACY PLAN Political Gesture is Changed In Wilbur's Proposal, By Scripps-Howard Newspaper Alliance WASHINGTON, March 6.—Interior Secretary Wilbur’s plan to reduce illiteracy before the 1930 census begins April 1, is criticised today in a letter from Florence Curtis Hanson of Chicago, secretarytreasurer of the American Federation of Teachers. file former president of Leland Stanford university is told, in effect, that his proposal is a “political gesture.”

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