Indianapolis Times, Volume 42, Number 26, Indianapolis, Marion County, 10 June 1930 — Page 5

JUNE 10, 1930.

TALKS NEED OF > GERMAN LOANS FROM AMERICA Finance Minister Stresses Necessity of ‘Putting House in Order.’ Th United States soon will be offered bends In the American share of the Yennr plan $300,000,000 reparations loan. Germany, bearing the brant of reparations payments, is the center of Interest in this rigantie financing scheme. The United Press presents herewith an exclusive interview with Pan! Moldechaaser. Germany's finance minister, which is of timely general interest. BY FREDERICK KUH United Press Staff Correspondent BERLIN, June 10.—The prospects of Germany's business development and of the further influx of capital from the United States into Germany were discussed today by Paul Moldenhauer, finance minister, in connection with the forthcoming $300,000,000 reprations loan to be Issued this month. Moldenhauer, a bald, stocky, sharp-witted, typically genial Rhinelander, expounded opinions calculated to arouse the lively interest of financiers and business men everywhere. Linking prosperity with Germany’s ultimate ability to pay her reparations bills, the finance minister talked of the necessity of Germany's export surplus and his plans for putting the nation’s financial household in order. Step for Common Sense The impending conclusion of the Young plan loan, he said, was a step in the direction of economic common sense. “7t is a long and difficult path frc:n the purely political perspective of war time and postwar years to recognition of sound business principles,” he said. The correspondent asked Moldenhauer whether he believed the attitude of Louis McFadden, Pennsylvania representative in congress and chairman of the house committee on banking and currency, would hamper the success of the loan in the United States. It was recalled McFadden recently repeatedly expressed doubt as to the validity of the reparations bonds because they ultimately were based on Versailles treaty and armistice conditions which Germany eventually might challenge. “McFadden’s arguments do not affect the legal status of the loan,” Mondenhauer replied. “The loan rests on obligations clearly specified in the agreement which I shall sign. This obligates the present and all future German governments. Naturally, we shall fulfill these loan obligations unconditionally. Important Two Ways Moldenhauer emphasized the $100,000,000 which Germany will receive out of the $300,000,000 will be important, not only because it will be used for productive purposes for the state railways and postal service, but psycchclogically because it shows the world Germany can no longer be placed merely under the duress of reparations. “One might address a demand to the world to ‘raise Germany’s buying power so you can increase your own prosperity.’ The Young plan will be a milestone along this road,” he said. POWER CO. AFFAIRS WILL BE SCANNED Federal Trade Commission to Probe Two More Groups. By Scrippx-H ntcaril Fcurspapcr Alliance WASHINGTON, June 10.—Financial affairs of two more power company groups will be examined by the federal trade commission before the power investigation is recessed for the summer. The commission announced today it will hold hearings June 12 to inquire into the financial structure of W. B. Foshay and Public Utilities Consolidated Corporation, both of Minneapolis. On June 23, hearings will begin on National Power and Light Company and of the Electric Bond and Share group. Scrutiny of the North American company which was announced and then canceled probably will be postponed until fall.

Summer Excursion Fares To The South Return Limit 30 Days JUNE 14-28 JULY 12-26 AUGUST 9-23 Jacksonville, Fla. ~.538.06 Biloxi, Miss $34.21 Miami, Fla 52.55 Mobile, Ala 32.77 St. Petersburg, Fla.. 45.30 New Orleans, La.... 34.21 Tampa. Fla 44.35 Havana, Cuba 79.69 Correspondingly low fares to other Florida and Gulf Coast points. Children half fare. Baggage checked. Stop-overs at all points en route. For further particulars apply City Ticket Office, 112 Monument Circle, phone Riley 3322. or Union Station, phone Riley 3350. J. P. CORCORAN, Division Passenger Agent BIG FOUR ROUTE

Odds and Ends of Opportunity Costume Jewelry, One-Half Price Charming Negligees, $12.75 —$17.50 Books From the Lending Library, Ten to Fifty Cents The Junior League Shop 158 East Fourteenth Street -

Few Worlds Left to Conquer

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The world Is a pretty small place, alter all, for Rear Admiral Richard E. Byrd, whose three greatest exploits are shown on the above map—his airplane flights to the North and South Poles and across the Atlantic. He will land in New York June 19. Above is the plane in which he flew across the North Pole, starting from Spitzbergen, while below is his trans-A tlantic plane as it landed in the surf on the coast of France. Left is Mrs. Byrd.

SEVEN DIEJN BLAST Natural Gas Seeps Into Giant Tunnel, Explodes. Bu United Preen LIVERMORE, Cal., June 10.— Richard Lamont today told how seven fellow workmen died in an explosion of natural gas which seeped into the great Calveras tunnel of the new San Francisco water system. Lamont saved his life when he started toward the mine entrance to use a telephone just before the blast. He was injured seriously. Lamont was foreman of a group of laborers engaged in completing construction of the tunnel. “We had just finished setting off a charge of dynamite, and I had brought the men back a safe distance,” Lamont said. “I started out to use the phone and then the explosion came. “It was just a blinding flash and then the lights went out. I crawled to the entrance and shouted for help.” HEALTH BOARD URGES HOSPITAL BOND ISSUE Asks Elder for $65 000 More to Provide More Bed Space. The city health board today asked City Controller William L. Elder for a $65,000 bond issue to complete and equip the second floor of the city hospital out-patient building, to provide additional bed space. The second floor was to be left unfinished because of the contemplated seven-ttory ward unit. The present administration decided to defer the construction of the seven-story building in view of the low bonding margin at this time. About 110 additional beds will be provided with completion of the extra floor. Elder agreed to recommend the ordinance to council. Cox Head* Foreman Group Raymond Cox, vice-president of the Indianapolis branch of the National Association of Foremen, was elected treasurer at a convention of the parent organization in Toledo, 0., June 6 and 7. Cox is employed at the Fairbanks, Morse & Cos.

The Best Pound You Ever Bought!

CHIC’D RATHER NOT BE A PRIZE FIGHTER Well, sir, two heavyweight fighters are goin’ to mash each other’s noses Thursday night. Their names are Max Schmelmg and Jack Sharkey. The more I look at their pictures, the more I would rather be somebody else, like the horse rider, Earl Sande, or the foot racer, Frank Wykoff, and I’ll tell you why. You take Frank Wykoff. He can broadcast something over the radio and then git home almost in time to tune in and hear himself, he’s such a fast runner. A feller like that won’t ever git all beat up in a fight. And you take Earl Sande. If he’s in trouble, he can hop on that horse Gallant Fox and in minutes he’s somewhere else, sittin’ under a tree laughin’. But you take Max Schmeling and Jack Sharkey. They are havin’ their pictures snapped now because they won’t look presentable after Thursday. Os course they git big money, but if you think they don't earn it, just a * " o a try walkin’ up behind a mule SooJ<, and ticklin’ him. (Copyright John F. Dille Cos.)

FIRE SUSPECT FREED Vagrancy Charges Dropped in Graystone Case. Vagrancy charges, under which Ervin Brandenberg, 28, of 2216 North Meridian street, was held in connection with investigation of the Gruystone apartment hotel fire at 239 North Illinois street, Nov. 13, 1927, were dismissed in Judge Paul C. Wetter’s municipal court today. Detectives said they had been unable to locate a girl whose remark is said to have caused arrest of Brandenberg. The girl was not in court and summonses for her were unserved. Nine lives were lost in the fire, which occurred in the early morning hours and started in an elevator shaft filled with inflammable materials. Brandenberg had been at liberty under $1,500 bond.

■ TWO GREAT NEW B HOOVER Models ll I /V' *TpHE finest electric cleaner ever built! This it> mira Ilk t^ie description of the new Model Sa, I / A 725 Hoover, with its more powerful motor and I At 25% increase in cleaning efficiency. ■Uaff \\\ \ llr"y / /\\ And the new popular-priced Model 575 / /\\ Hoover, with its more powerful cleaning and ■v j gfyiN II /\\ Improved, ball-bearing motor is more efficient V/ Jm If I J \\ thao aoy competing cleaner at any price! W mem / / I / \\ They are the two greatest Hoover values ever M Jlpßp / j j I \\ offered —yet there is no increase in price. See ffi&jm | II l \\ these sensational machines at a Hoover dealer’s / I \\ —or telephone for a home trial or demonstration. J ’ / \\ C° nven ‘ ent terms: only $6.25 down; balance Ii ■ ' TH£ HOOVER COMPANY, 216 Penaway Bldg. Demonstration on First Floor at L. S. Ayres & Company Vonnegut Hardware Company

THE INDIANAPOLIS TIMES

THIRTY PET RABBITS PERISH IN FLAMES Fire Destroys Garage and Spreads to Two Adjoining Buildings. Fire, believed to have originated in hay kept for thirty pet rabbits, destroyed a garage owned by J. D. Bocock at 2223 North Capitol avenue early today and spread to two adjoining buildings, causing damage of more than S4OO. The rabbits perished in the blaze. The flames spread to a garage in the rear of 2225 North Capitol avenue, owned by J. N. Lambert, and destroyed the structure and damaged an auto stored in it. Another garage, in the rear of 2221 North Capitol avenue, property of John L. Keran, was damaged more than SSO. Rebuild Razed Structures Bit Tim,in Special WHEATLAND, Ind., June 10.— Reconstruction program was being developed today over ashes of a fire that Thursday destroyed a large portion of Wheatland’s business district last Thursday.

SNEAK THIEVES’ LOOT IS VARIED IN HOME RAIDS Apartment Burglars Obtain Clothing, Cash and Valuable Rings. Using an elevator shaft to climb to the second floor, a burglar entered the home of Mrs. Pear! Gray, 615 North Pennsylvania street, Monday night and stole four rings valued at $135 and a small sum of cash, police were told. The apartment was ransacked. Clothing valued at S3OO was reported taken by a burglar from the residence of G. A. Williams, 3360 North Meridian street, Apt. 1, Monday night. Finds Stolen Purse From the apartment of Miss Mamie Barton, 1401 North Pennsylvania street, Apt. 8, a thief took clothing valued at slls. The residence of James West, 734 King, street, was entered and clothing valued at SIOO was taken. A. Bocque, 1428 Central avenue, found a purse stolen on May 3 from the home of lee Moynahan, 1465 North Delaware street, in the yard in the rear of his home Monday and returned the purse to its owner. Bandits Take Auto Three bandits stole S4O and an automobile from F. W. Meyers, filling station proprietor at Fortyninth street and Michigan road, late Monday afternoon. They abandoned the stolen car at Thirtyeighth street and Byram avenue. No clew had been found by police today to identity of the dapper apartment burglar who, when surprised at his ransacking of her home by Mrs. Nell Wagner, wife of Christopher A. Wagner, 3744 North Meridian street, Monday afternoon, threatened her with a gun, forced her into a closet and took a S3OO diamond ring from her finger. Garbage Truck Halts Train Bu Timen Special COLUMBUS, Ind., June 10.— When the wheel of a city garbage truck, locked on the rails of the Pennsylvania railroad here, a train was brought to a stop while the crew abandoned the locomotive to unhitch the horse and wagon and remove it from the right of way.

Roberts’ Restaurant AND CAFETERIA Specialising in Hamilton County Farm Products. REASONABLE PRICES Northeast Corner Kentucky Axe. and Maryland.

J Buy Your Radio at PEARSON’S Choose from R. C. A., Atwater Kent and Philco 128-30 N. Pennsylvania Street

ALL K’iW MODELS ATWATER KENT RADIO $lO Down—s 2 Week Call Hi for Demonstration Public Service Tire Cos. 118 E. New York St. Lincoln 6116

j Nero’s Where Yon Shop in Cool Comfort! j

DOWNSTAIRS AT Aims ijjßfflMHE UTMUNDKF-lflW PBUTStf Brand New Frocks and Radical Reductions Are Offered in This June Dress Sale Correct in Every Fashion Detail A fak Jacket frocks, bolero frocks, sleeveless styles, | Lvs V \rc¥j short sleeves, capes, capelets, flared or pleated I skirts—all are here in this tremendous selling I I £M\Y/ | Ms/: of summer dresses. Correct new styles, fine fab- / I Ksfi rics, high grade workmanship. Every frock was I l I M- mad e to sell at a much high#r price, but we i •' -•'.VJ / \ bought a big quantity and secured a lower price V : ;r-V;J / 1 —which is passed along to YOU! Come early i I \ II K tomorrow and get first choice! Sizes 13 to 17 jlj/ \ *7 I 111 ant * ** sssss( Jrl \J jyA —Materials—**T —Printed Crepes —Pastel Crepes 9 /SSi&j —Printed Georgette —Folkadots I /%*&% —Pastel Georgette —Canton Crepe Vm —Colors——Orchid —Green —Y-llow —White —Blue —Prints Friday Is the Last Day of OURJUNESALEOF £AL SU.KHQSE 3 Big Groups Jro _ lo Choose Bfe mH y From Pair “REAL SILK” bareleg hose. Exquisitely sheer chiffon of pure silk to tops; no seam down iL MWg the back; hemmed top; foot fully reinforced. I Sizes Sy 2 to 10'/ 2 . Substandards. | '| Service weight “REAL SILK” stockings with lisle hemmed tops, seamed back fashion marks; j mostly square heels. Sizes BVi to 10Vi. SubPure silk mesh and pinpoint net hose from “REAL SILK.” Splendid for both sports and street wear. Sizes BVi to 10. Substandards. —Downstair at Ayres. j.^-3 BJune Sale of Smocks, Hoovers, Hooverettes Small, ffl JgT§| Jfl "w” fl|h Large Size. g EaCtl Tomorrow we offer a brand new purchase of 780 new high-grade smocks, Hoover aprons and Hooverette aprons—which are very popular for both home and office wear. These are made of especially good broadcloths and chambrays—and are very attractive with their contrasting collars, piping, etc. In a choice of orchid, pink, green, blue or all-white. Shop early tomorrow and choose several of these cool garments! —Downstairs at Ayres. If You Sew —You Can Save —In This June Sale of Wash Goods —Tune Gingham, I ( — R °y° n Alpaca -Percale Print, f J £ ) ZprinUd Bathte —“Arcadia” Print, i g jf Ytl - J —SM* and Cotton —Kimono Crepe, J ■Hi | Crepe There are beautiful fabrics offered in this sale suitable for making almost any kind of garment for summer—women’s and children’s frocks and lingerie, beach pajamas, slips, etc. Every yard is of better quality, specially reduced for this sale. In bolts and usable remnant lengths. —Downstair* at Ayres. Si Have Your Photograph Taken (Bxlo Inches) $1 Each 5

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