Indianapolis Times, Volume 42, Number 191, Indianapolis, Marion County, 19 December 1930 — Page 6

PAGE 6

DISCUSS FARM ' LOAN PLAN FOR | DROUGHT AREA Leslie Committee Members Point to Advantages of Federal Credit. A plan for refinancing farm loans in the drought stricken area of southern Indiana and making credit easilyjivailable to farmers throughout/the state by utilization of the federal farm credit bank facilities was outlined at the first meeting of lhe Indiana farm credit commission in the office of Governor Harry G. Leslie today. Daniel I. Glossbrenner, vice-presi-dent of the Levy Printing Company and chairman of the commission appointed by the Governor, outlined the plan to commission members. It will make several millions of dollars available for farmers this spring, he said, and result in general improvement of both agricultural and business conditions in the state. Pointing out that the farmers j have failed to take advantage of the 1

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' 4 per cent Interest rate made possible through the farm credit bank, district headquarters of which is at Louisville, Ky., Gloesbrenner proposed that credit corporations be 1 formed to bring the bank’s borrowing possibilities directly to the farmers in all Indiana counties. Presidents of all banks of the state were asked to co-operate with the commission in a letter sent out today by L. O. Chasey, the Governor’s secretary, who also is secretary of the credit commission. Glossbrenner pointed out the distinction between the federal farm loan bank, which deals only in real estate mortgages, and the credit bank, which extends loans on chattels and general credit of the farmer. Other commissioners are: Frank B. Bernard. Muncle, Indiana Bankers’ Association president: E. F. Hadley. MooresvUle state barJc president; Luther F. Svmon*. state banking commissioner: President W. H. Settle of the Indiana Farm Bureau Federation: Scott Mciks. secretary-manager of the Producers’ Commission Company. Indianapolis; Dean J. H. Skinner of Purdue University, and Editor Samuel R. Guard of the Breeders’ Gazette. War Relic Found By Time Special ANDERSON, Ind, Dec. 19—A German shell which Roy Hammond of Anderson lost twelve years ago while en route home after serving in the World war, has come into the possession of Joseph Maher of Newcastle. Hammond’s name is engraved on the shelL

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BUILD MURDER CASE AGAINST SCARFACE AL Evidence Being Gathered in Effort to Send Capone to Chair, By United Prest CHICAGO, Dec. 19.—Evidence is being gathered against Scarface A1 Capone in an attempt to send him to the electric chair on a murder charge, it was learned today. Pressing the inquiry is Judge John H. Lyle of the municipal court. “Capone has become almost a mythical being, but he isn’t a myth —he’s a reptile,’’ Judge Lyle told the Chicago safety council Thursday night. “He' deserves to die, and he will if we can help.’’ Judge Lyle disclosed that the vagrancy warrant he issued against Capone is intended to bring the Chicago gang leader into custody for efforts to indict him in connec-tion-with two gang murders. The state attorney’s office confirmed Lyle’s announcement. One assistant has been assigned to as-

THE INDIANAPOLIS TIMES

j semble evidence against Capone on j which to charge him, when and il I he is arrested, with slaying Joseph i Howard, another gangster, in a saloon in 1924. The vagrancy warrant against Capone has not been served, it was indicated, because of a desire to strengthen the chances of an indictment. The unsolved murder of Big Jim Colosimo, whose leadership in the underworld passed to Capone, also is being investigated. The state attorney’s office revealed the new hope of trying Capone on murder charges was based on a belief that witnesses who would not talk in 1920 when Colosimo was slain and others who were mute in 1924 when Howard was killed would testify now. DIES IN ’CHUTE LEAP Fokker Plane Designer Jumps When Motor Trouble Develops. WASHINGTON, Dec. 19.—Stephen A. Forberger, project engineer for the Fokker plane manufacturers, was killed lately in a parachute leap from a plane of his own design when motor trouble developed. The pilot, Lieutenant Harrison G. Crocker, brought the plane to a safe landing without knowing his passenger had jumped. Life expectation has been increased from 48 to 58 years in the Jest two decades, according to the United States public health service.

3 STATE BANKS • FAILTO OPEN Examiners Placed in Charge of Institutions. i Three Indiana banks—at Richmond. Whiting and Brook—failed to open their doors today, State Banking Commisssioner Luther F. Symons announced. The American Trust and Savings Company at Richmond failed to open this morning. A statement from the board of directors said three other Richmond banks had agreed to permit American Trust depositors to borrow not to exceed 50 per cent, with their American Trust deposits as collateral, pending liquidation of the American Trust. P. G. Inwood, deputy bank examiner, has been sent to Richmond to take charge. Capitalization of the Richmond bank was SIOO,OOO, and deposits SBIO,OOO. C. W. Jordan is president. Its resources exhausted, the Central State bank of muting closed and J. E. Myer, deputy examiner, was sent to take charge. The bank had estimated deposits of $700,000; loans, $600,000, and total resources

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$850,000. F. H. Ft 'AerhofT is president and A. D. Ba er cashier. The State Bank of Brook, of which J. B. Lyons Sr. is president and John E. Lyons Jr., cashier, closed with deposits totaling $360,000 and loans of $448,741, it was announced. Examiner Cecil Bachenkirker was placed in charge and Symons will visit the institution Saturday. NAMED\BY_C. OF C. L. J. Borinstein to Succeed Richey as President. Louis J. Borinstein, partner and general-manager of the firm of A. Borinstein & Cos., is the new president of the Indianapolis Chamber of Commerce, succeeding Paul Q. Richey, who had held the post two years. The new president was elected Thursday at the annual directors’ meeting, Theodore B. Griffith; vicepresident and general-manager of L. S. Ayres & Cos., being named vicepresident, and George S. Olive, at-countant-treasurer. Resolutions authorizing a marketing commission for Indianapolis and urging air mall and passenger, service between Indianapolis. Ft. Wayne, 4 Louisville and Evansville were passed.

AUTO SUSPECT NABBED Early today police arrested an alleged auto thief and returned a 16-year-old girl companion to her heme. The man was Harry Kelly, 22, of 208 Concordia street, who was

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DEC. 19, 1930

charged with vehicle taring, bur glary, and contributing to the ds--of a minor. Kelley is said to have admitted taking the-auto, property of Montr Bradford. 1145 Lincoln street, add breaking into a gasoline station and several stores.