Indianapolis Times, Volume 42, Number 203, Indianapolis, Marion County, 2 January 1931 — Page 2

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‘EASY MONEY' POLICY TO HELP TRADEFOUOHT McFadden Attacks Policy of Coolidge and Hoover in Financial World. By United Pres* WASHINGTON, Jan. 2.— A sharp attack on the financial policies of the Coolidge and Hoover administrations was made today by Representative Louis T. McFadden, chariman of the house committee on banking and currency, when he issued a warning to business men not to he too optimistic over the new "easy money” policy announced last week by the federal reserve board. . McFadden declared that the policy of definite inflation bgeun by the board in July, 1027. had been marked by one of the wildest speculative orgies the world had ever known. Announcement of a change to a deflation policy in February, 1929, had been followed, he said, by one of the most serious deflations,.b6th in the price of securities and commodities, that has ever been known. - Assails Artificial Methods "Careful analysis a few ' years hence of the business, economic and financial doing of the year 1930 may disclose that the artificial methods used in an attempt to stimulate and maintain business, and thus avoid what developed to be one of the country’s greatest business depressions, may have been an error by conveying a false impression in the minds of the people as to the seriousness of the situation which was brought to a head by the stock market crash of October, 1929,” McFadden said. • "In other words, possibly it would have been much better to have dealt with the situation immediately following the crash than to have prolonged the distress and the misunderstanding for a year longer.” Branch Banks Advocated The Pennsylvania congressman said that if the administration had followed such a course many business and individual equities might have been saved. The number of bank failures in rural communities can be decreased by amendment to the national banking laws authorizing the big city national banks to establish branches in the small cities and towns, John W. Pole, comptroller of currency, today declared in a report to congress. He said such legislation is of "great present importance.” There tvere 742 bank failures in the United States up to Oet. 31, compared with 522 suspensions during the same period of 1929, Pole reported. Deposits involved in 1930 failures totaled $300,000,000. Since Oct. 31, there have been several additional failures including the Bank of the United States of New York with deposits of $161,000,000, the Bankers Trust of Philadelphia and groups of banks in Kentucky, Arkansas, Tennessee and other states. Pole's recommendations MU be. considered during a study of the national banking structure Lo begin in the house and in the senate about Jan. 15. Efforts will be made to oblain legislation at this session;

MRS. JOSEPHINE M’CANN IS CLAIMED BY DEATH Service for City Resident 50 Years to Be Held Saturday. Funeral services for Mrs. Josephine McCann. 69, of 2215 North Pennsylvania street, widow of Thomas McCann, will be held at the home Saturday at 10:30 a. m. At 11 a. m. services will bo held at SS. Peter and Paul cathedral. Burial will.be in St. Joseph s cemetery. Pneumonia re-sulting from automobile' injuries several weeks ago was the cause of death. Mrs. McCann was born in Emsdetten. Germany, and came to Indianapolis with her parents fifty years ago. Survivors arc two daughters, Miss MMary McCann and Mrs. Thomas A. Logan; three sons, John F. McCann of the Indianapolis News; Anthony R. McCann of the Indiana inspection bureau and Edward Joseph McCann of the Indianapolis fire department; a sister, Mrs. George Flack, and a brother, W iliam F. Hcitman of the Indianapolis Star. . - SHERIFF QUITS: STILL LIABLE IN MOB CASE Marion Ex-Official Is Not Immune From Prosecution, Says Ogden. Retirement of Jacob H. Campbell as sheriff of Grant county will not make him immune from further prosecution of charges that he failed in line of duty when two Negroes were lynched in Marion Aug. 7, Attorney-General James M. Ogden said today. Campbell was succeeded - by his chief deputy, Bert White. Ogden said the charges would be pushed against Campbell, who, if found guilty, may be fined any amount up to SI,OOO. Had he remained in office and been found guilty, he also would have been impeached.

Gone, but Not Forgotten

Automobiles reported to police as stolen belong tor Arthur Morris. Savov Apts.. Buick sedsn. 755-061. from Placa Motor Inn. BmH Kastinc. 1310 North Keallne avenue. Ford Tudor. 36-501. from Tenth and Dearborn streets. Frank Jordan. 910 North Tuxedo street. Ford Tudor. 63-313. from Tenth street and Kevstone avenue. Arthur Snapn. 1331 South East street. Chevrolet coach, from St. Clair'street ana Massachusetts avenue. Ralph Adair. 3034 North Hardinir street. Pontiac coach, from 3034 North Hardin* street. Harrv Sumner. R. R. 18. Box 302, Ford tudor, from 600 West Washington street. BACK HOME AGAIN Stolen! automobiles recovered by police belong to: W. B. Work. 3333 Carrollton avenue. Chevrolet coach, found at 2106 Barrow avenue. _ J. M.. Wolse. 940 Ft. Warne avenue. Packard coupe, fohnd at 336 East Wabash avenue. Ford Tudor, 75-664. no certificate of title, found wrecked at Tenth street and HBf** avenue. gjT.-tz ir-rlB

Novelist Rests

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Here is anew and hitherto unpublished photograph of Harold Bell Wright, famous novelist. It was taken in the writer's ranch-home ■ near Tucson, Ariz., a garden spot in the heart of the desert, and shows him standing beside several plants of the tree cactus. • .

REALTORS PLAN FOR EXPOSITION ’3l Home Show Campaign Started by Board. An intensive campaign has been started by the Indianapolis Real Estate Board to make its 1931 Home Complete exposition an adequate tenth anniversary exposition, which means that it must surpass all previous events, says Walter M. Evans, committee chairman. "The exposition has done more to stimulate interest in Indianapolis homes than any other one thing oould do,” he said. "It offers local manufacturers and retailers of building materials and furnishings opportunity ta present them to the public in a inOst. unusual way. and it offers the public an unusual opportunity to see all those things that constitute the building and furnishing of a home under one roof. , "One of the. best New Year's resolutions that can be made this year is to resolve that during 1931 you will own your home. We believe that the home show is one of the reasons of the high percentage of home ownership in Indianapolis.” NEW YEAR DANCE HELD Municipal Gardens Social Affair Attended by More Than 250. Residents of northwestern Indianapolis, who are members of the Municipal Gardens Social Club, held its second annual New Year dinner dance Thursday night at the Gardens with more than 250 present.

Ob check a 9?Ln, one day Take the recognized standard remedy . Grove’s Laxative BKOMO QUININE Tablets ! :f Uttfcet &rut Hanks 1 person out of every 6 in Indianapolis keeps money on deposit here. 3 Rooms of 1 Q. 50 Furniture.. 11 (Easy Terms! Lewis Furniture Cos. I "A United Furniture Store’* 8 844 S. Meridian St. I EXPERT TRUSS FITTING AT 129 W. WASH. ST. STORE Abdominal Supports and Shoulder Braces HAAG’S CUT-PRICE DRUGS * Safety for Savings Fletcher American NATIONAL BANK 4SoMtHut4 Cor. of MrWt end kr myhtnia % ON SAVINGS

Men’s and Women's CLO THING t , °N EASY CREDIT ASKIN & MARINE CO. 127 ’,VlVashini;ton ''.i.

FIRE DESTROYS 4-STORY PLANT OF NEWSPAPER Scripps-Howard Baltimore Unit Suffers Heavy Loss in Blaze. By United Press BALTIMORE, Jan. 2.—Fire that destroyed the four-story building of the Baltimore Post Thursday night, resulting in the death of one man and slight injuries to four others, failed to prevent publication of tha’ newspaper today. Through the courtesy of the Baltimore Sun, which offered the use of its plant, when it became known that the Post's structure and machinery were completely ruined, the Post, a Scripps-Howard paper, immediately was enabled to transfer its operations and prepare for the day’s publication. The Scripps-Howard managemen, meanwhile, began consideration of plans to insure uninterrupted publication of the newspaper. . , Joseph R. Douglass, linotype operator, was killed when he leaped from a third story window just as firemen were raising a ladder to the walls. Nearly a score of other employes escaped by way of the rear fire escape. A fireman, George Gearger, and three Post employes, were slightly cut and bruised. The night force had just taken its place in the composing room,-fol-lowing completion of the final edition of the day, when smoke was seen coming through the floor at 6:45 p. m. Whether the smoke camfe from a photographer's room on the.second floor, or from the elevator-shaft to the basement, could not be determined. • - As the employes -fled, the fire spread by way of the shaft, and flames shot high in the air. The heavy composing room machinery crashed through to the basement shortly after the fire gained .full headway, ruining valuable machinery below. Andrew D. Brashear .is editor of the paper, and Urban J. Kraemer is business manager. .. Last of Veterans Buried COLUMBIA CITY, Ind., Jan. 2. A military funeral was held here Wednesday for Adam Malone, 86, the last of the members of the Fifth Indiana battery, light artillery. He served under Peter Simonson, who was killed at Pine Mountain during the Civil war. -

EFROYMSON’S I*l QUITTING MwL BUSINESS^%\jB Entire S3O-090 Stock of Mon’s Clothing and Furnishings at Smashing Reductions! Nothing Reserved—Everything Must Go—Fixtures for Sale! 1 1,209 Latest Styles Ail-Wool Suits I and Overcoats...LESS THAN COST I mniir i uiiiii ii—ir rum iliiii uni mwi—(nni—huhi"HßPimiiiii MEN’S SUITS OVERCOATS $lO and sl2 $lB Oversiir ?g.B| mM price now ALL-WOOL SUITS 227 Fine Gvorcoafs Up to I Formerm._ $0 88 sl-9.88 values .... and $25, ]§ —— now ———in.i ira— mi iw n ALL-WOOL SERGES Genuine Camels AND WORSTEDS Hair High-File Coals 2-Pants Former- vn ma a? $1 9-88 ** $1 Am I £C= | | T= ICO ODD SUITS flft AND OVERCOATS Good woolens, but old styles. Small men's sizes. Sold up to S2O, now ■■■ Furnishings Less Than Cost! 1,200 MEN’S SHIRTS _ 7r> White or colored. Good broadcloths. Former- B 1y 51.19, now 8 Men’s Caps. Formerly $1.50 Men’s Silk Robes, formerto $2.00. OQ_ ly SB.OO, QO Now OOC now .. p4oo' 50c Men’s Silk Socks, on Men’s Pajamas. Heavy broadNow, pair AfL cloth. Formerly Ift 52, now • 1 */ 2,817 Men S Ties, (t> •* SI trade,. no„ 2 for J 1 M, n ' s K ld Gloves, lln.d or unsl.2s to $1.75 7Q lined. Formerly <ft Ties, now I 2/C $1.75, now ......... EFROYMSON’S 43 WEST WASHINGTON OPEN EVERY EVENING

THE INDIANAPOLIS TIMES

Slaps Hoover

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This is Hoke Donithen, Marion TO.) attorney and secretary of the executive committee of the Harding Memorial Association, who has called a meeting of the committee to consider President Hoover’s offer to speak at the dedication of the Hardings’ SBOO,OOO memorial, but who is not at all excited by the offer. Donithen recently remarked that he "doesn't care if Hoover never dedicates the memorial.”

LEAPS ON GAR, ROBSDRIVER Negrt) Bandit Gets $lO and $45 Watch. Leaping to the running board of his car, a Negro bandit late Thursday night robbed Evan Williams, 710 North Illinois street, of $lO and a watch valued at $45. The holdup occurred at Massachusetts avenue, near Tenth street. After the robbery the Negro boarded an auto driven by a companion, Williams told police. Two bread thieves, fired on by patrolman Jesse Hadley today, dropped fifteen loaves of bread and three pans of biscuits. Hadley saw the. men carrying the package at Thirteenth and West streets. When he commanded them to halt they fled. Hadley fired four shots. Other thefts reported: Nick Koeder. grocery. 624 South West street." cigarets valued at $10; Theodore Paterson, poolroom. 2108 Boulevard place, .merchandise valued at S2O and $1.40, a,id E. R. Knight, miniature golf course, 34 West Ohio street’, cigaret and candy machines valued at $l5O.

CITY WOMAN IS WINNER OF AIR TRIPTOCOAST Katherine Jones’ Review of ‘Hell's Angels’ Is Best, Judges Rule. A woman will fly to Hollywood from Indianapolis to see the big stars in the United Artists studio at work making talkies. Katherine Jones, 124 West Thir-ty-seventh street, is the winner of the best review submitted of "Hell's Angels.” When "Hell's Angels” was in its two-week run at the Palace, The Indianapolis 'Times, in connection with the Palace, conducted a review contest. Hundreds submitted reviews of this picture and it required much work to go through all of them. ! Miss Jones will make the trip to Hollywood and back in a great passenger plane of the Transcontinental and Western Air Lines, Inc. If the winner should fail or be unable to take the trip to Hollywood in a "reasonable time,” then the award will go to the second best, her alternate. The alternate award goes to M. E. Marlowe of Apartment 8, at 251 North Delaware street. Marlowe will qualify only in the case that Katherine Jones is unable to take the trip. In case either the winner or the alternate is unable to go, then the next nine, listed as winners of tickets to the Palace, will be considered in the order named today. Here is a great trip and one that has attracted attention in this city. Many said that, they were unable to write a review in fifty words. Many did it splendidly. The winning review of Katherine Jones follows: Technically, a masterpiece.., .dramatically spectacular cruelly realistic emotionally high pitched understandinaly portrayed! Unmistakable facts rank ‘'Hell’s Angels” as a truly treat picture. One might object to the scantiness of plot and the unrelieved sordidnesS, but plot is not the play’s main sustenance and what war. if not monotonously sordid? The next ten best reviews win a

E DEE JEWELRY CO., AGAIN OFFERS THIS | BE Butova’s nowest'croa- $ ,50 WHlt Wfttdl UPS <1 Very latest models. In handsome etgF* ( l.ien 5 DUIOVa ffl* Cft !' Masonic and all other orders— ,n ca’l I'case. $ g *‘The I.ono Earle”—ls- ap -Mr B •vU <| Latest designs,' Specially priced p /.b II Jr. 'I 50c a Week! I mM jewel .movements in dus- &’ ; J, at— I ~"=,> Hp i]i Diamond King FREE! life cist;. 75c A WEEK! I. 50e. Down 1. . bSg Diamond King Free! ’Tssjr nS [SPECIAL VALUES IN DIAMONDSj Beautiful Moderne Our Regular $87.50 - Our Regular $42.50 4£jj§l DIAMOND RINGS DIAMOND RINGS DIAMOND RINGS I $94.75 t~Hs7^- 00 $97-50 I WM piv 50c a Week* Mr • awc a HCPK mf* 81 Pa 7 $1 a Week! U W Only $1 Down! WOV fil Aiwlh,r FREE! *,

pair of tickets each to the Palace theater. The winners: M. E. Marlowe, apartment 8. at 251 North Delaware street. Gertrude J. W. Soeurt, 1201 North Treraont -avenue. David J. Byrnes. 3715 North Meridian street, apartment 3. Lawrence N. Helm. 408 Guaranty building Charles S. Davis. R. R. 6. Box 682. Robert E. Powell, 144 North Delaware street. John E. Kleinhenz. P. o. Box 1241 R. W v Mitchell. Room 65. Y M C A Barbara Shaw, 3390 North Chester avenue. Mira White. 5222 East Michigan street. OFFER GEOLOGY DATA "riie geology division of the state conservation department has a number of old geological reports which will be distributed to school children free by calling at Room 135 statehouse, it was announced today. They include pamphlets on Indiana botany, archelogy, mineralology, -natural gas, paleontology, zoology and geology.

BRENNER’S JANUARY Suoi Clearance —Values That Are Downright Bargains in This Sale A Sale Rich in Style—Variety and Value All of our novelty shoes, including the season’s out-standing style successes, arc greatly reduced. Variety! And when you see them you agree the values arc truly remarkable. Selection See our Windows GALOSHES Short~Vamps BRENNER’S LontTv 26 EAST 1 == Long Vamps WASHINGTON ST. *

WIDOW ROBBED OF RARE GEMS Cleveland Resident Loses $45,000 in Jewels. By United Frcss CLEVELAND. 0.. Jan. 2.—Police said today they believed the robbery,

Commercial Photographs Made by EXPERT CAMERAMEN srEED QUALITY SERVICE C • VOORHIS STUDIO 611 . 1 ?:SL moh

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of Mrs. David E. Jacobs, weak Cleveland widow, of Jewels valued $45,000 Thursday night while shl was entertaining four guests at her apartments, was committed by a gang of professional jewel thieves with reliable information regarding the location of the gems. Three bandits forced their way into the apartment and found Mrs. Jacobs, another woman and three men guests. While one of the bandits guarded the guests the others searched the apartment until they found the case : containing the jewels.