Indianapolis Times, Volume 42, Number 122, Indianapolis, Marion County, 30 September 1930 — Page 2

PAGE 2

BETTER TIMES ON WAY BACK, BANKERS TOLD Probable President Sees Prosperity Just Around the Corner. BY LEO F. BARON tniwd Press Staff Correspondent CLEVELAND, jsept. 30.—American business will emerge from its state of depression and soon resume its natural robust appearance, according to Rome C. Stephenson, vice-president of the American Bankers’ Association, and scheduled to be its next chief executive officer. In an interview today, Stephenson forecast a revival of prosperity, basing his optimism upon reports from delegates attending the fiftysixth annual convention of the national association. AH Reports Agree “Reports of bankers from all sections of the country indicate a thorough belief that the turning point of the depression has been reached and the next few weeks will evidence a revival of interest in the entire picture,” Stephenson, vice president of the St. Joseph County Savings bank at South Bend said. Stephenson was emphatic in his be 1 let that the period of depression has been due largely to a psychological condition. He pointed out that capital had been frightened Irom its natural channels by talk of hard times and its reactive tendency was to recede from circulation. The stock market crash he ascribed responsible only to the extent of having precipitated the scare. No Total Crop Loss 1 lie United States, by virtue of hs vastness. never suffers in one Jear from a total crop failure, the banker said, this condition forbidliotf a protractec * depression pe“ln southern Illinois and Indiana, or instance,” he declared, “crops suffered extensively from the summers drought. On the other hand the northern sections of the same states had ample rainfall and w'll yield an exceedingly good corn crop. In Kansas. Nebraska, northern Cali forma, North Dakota, Montana and other western and northwestern states the yield of wheat has been above normal.”

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Countess Cathcart Weds 71-Year-Old Millionaire

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Vera, Countess Cathcart Till I’nitrd Press LONDON, Sept. 30. Vera, Countess Cathcart, who temporarily was barred from the United States in 1926 on charges of “moral turpitude,” and Sir Rowland Hodge, 71-year-old shipping millionaire, were married today at Princess Row register office. The engagement was reported last Friday, at which time it also was learned the countess’ son by her first marriage, Henry De Grey Varter, 19, and Miss Mabel Bowers Ream, a musical comedy actress, recently were married at a secret ceremony. The Countess Cathcart was born Vera Fraser and married Captain H. De Grey Varter, who

was killed in France during the World war. She married the fifth Earl Cathcart in January, 1918, and their son, who is new sixth earl, was born in August, 1919. In 1922 the earl divorced her, naming the earl of Craven. When the countess came to New York in 1926 she was rei used admittance on the grounds < f "moral turpitude” and she demanded that the earl of Craven, who then was in New York, be deported. Later she was admitted to the United States to appear in her play, ‘Ashes of Love,” which was a failure. She left the United States saying she was almost penniless. Sir Rowland Hodge is head of Eltringham. Ltd., ship builders interests. He was created a baronet in 1921. His first wife, Mabel Thorpe, whom he married in 1898, died in 1923. They had two daughters and two sons. A single square inch of scalp, it has been estimated, contains about seven hundred and forty-four hairs.

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THE INDIANAPOLIS TIMES

INSURANCE FOR JOBLESSURGED Dr. Leo Wolman Estimates 4,000,000 Unemployed. Bu Vnitrd Piers WASHINGTON, Sept. 30.—Estimating the number of unemployed in the United States at more than 4,000,000, Dr. Leo Wolman Os the national bureau of economic research urged a system of unemployment insurance as the remedy in an address today before the National Catholic Welfare conference here. Dr. Wolman, a member of the advisory committee of the 1921 unemployment conference of which President Hoover was chairman, said unemployment now is already as great as at that time and that “the prevailing level of unemployment will not be appreciably, if at all, reduced during the coming winter.” “It is a sad commentary on our social thinking that since the Harding unemployment conference in 1921 practically no progress has been made in the development of

our public employment service,” he declared. Dr. Wolman said that it is unprofitable at this time to inquire into the responsibility for unemployment, and that unemployment insurance,' which now is operated successfully among more than 40,000,000 workers in Europe, offers a satisfactory solution.

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SEPT. 30, 1930

PROLONGS LIFE OF SILK HOSE All women will be Intensely interested in a recent discovery—the Idea of a leading Ney York fashion expert. She learned th t besides perspiration, all next-to-thefiskin garments absorb an oily excre ion iron, the sebaceous ftlands that causes silks to rot. Soap and water cannot dissolve this destructive oil film—it takes a solvent like Knergine to cut It. So when next washing silk hose or undergarments, add a tablespoonful of Energies to a quart of lukewarm, soapv water. Wash thoroughly—rinse well—and note the new cleanliness, the pleasing freshness—see how magically the original color is revived and with far less rubbing. While soap and water appear sufficient, you can't appreciate how much they fall short till you make this Energiue test. You’ll be surprised, too. how many more days of wear you get from every pair of hose. And don't forget that millions use Energine daily for quick removal of dirt and grease spots from suits, bats, dresses, gloves, shoes, etc. Large can 35c. Get Energies today.—Advertisement.

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