Indianapolis Times, Volume 42, Number 239, Indianapolis, Marion County, 13 February 1931 — Page 5

FEB. 13, 1931.

ITALY, RUSSIA MAY PERFECT ; TRADE TREATY Would Hurt U. S, and South American Grain and Oil Industry. TUI* I* fbf* tenth and last article by IVebh Miller on Fast-ism and IlalT. BY WEBB MILLER United Pres* ‘"faff Correspondent ROME. Feb 13.—An economic rapprochement between Fascist Italy and Soviet Russia which vitally will affect millions of grain and cattle growers and the oil interests in the United States, Argentina and Canada and influence markets of thp world is in rapid progress. This close trade entente between two governments whose political concepts are so theoretically hostile is one of the most momentous commercial currents in Europe today. Needs Raw Material Italy needs raw materials and wants to sell manufactured products, Russia needs manufactured products and wants to sell raw materials. Therefore, Italy's purchases *from Russia are increasing, especially i since the new trade agreement in August. Italian imports of raw materials— j mostly timber, wheat, meat and ; petroleum—lias increased nearly 100 p i' cent in the last year. The great, bulk of this increase j ” in at the expense of the United States, Argentina and Canaciu. Heavy Wheat Imports The statistics regarding Italy’s j purchases of wheat from abroad are |

STORE OPEN UNTIL 6 P. M. SATURDAY 1(560- W. WASH .ST. 11 I Saturday Special! Sale of 300 New I Spring Dresses fa sr§ I 1 ■ W JM ® resses 1 ,#r y ]Bpj I pina^leandjJTe 4 i B |f /| * I Women’s Winter Coats ■1 i I | 25c Wash Fabrics j% r j | H I'' 2 000 vd* more of those flne wash fab rlcs that H ', 1 0 ’ brought such a big crowd to our wash goods ’ f|r gal |\ department several weeks ago. Regular 15c to 25c values. 36 Inches . '! |p Eg? wide. Dress prints, printed broadcloth, printed pongee and plain §Hf p| yg| \ , jv' percales. A wonderful range of colors and patterns. Slight irregu- j*§§ jUa *' 1 ■ lars. Lengths up to 3 yards. Not more than 15 sold to a '! 5 | Star Store—Third Floor Xj fi I Saturday Only! I 1 Choice of li Jv; Our Entire Stock I Mr Men’s and Young Men’s Best Quality Wf OVERCOATS $4 A | lif S2O to $29.75 Values I■ I | gs Broken sixes, but all sixes in lot, 34 to 48. Wg jgjjs wF \ S The Star Store—Main Floor

Active at 88

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Working is the “best fun’’ he ever has had, declares Henry M. Leland, above, of Detroit, “grand old man’’ of the automobile * J u stry, who is still active at 31. He founded tin Cadlli Moto. 1 Car Company in 190“ a’ . introduced storage batter;, ignition, electric lighting and starting, as well as other improvements. He now devotes most of his time to advising inventors. most eloquent and afford a clea: indication that the trade curren has turned eastward. This is a matter of acute concern to the United States and Argentina farmers because the Italiar is one of the heaviest eaters o: wheat in the world. The per capit£ consumption is over 400 pounds annually. United States oil interests an being severely affected by the dost trade entente between the govern-ment-fostered AGIP organizatior and the Soviet Petroleum Syndicate The AGIP company has enterec into a contract for heavy supplies oi Russian oil over a term of years.

WORLD FACES | WORST CRISIS 1 IN ITS HISTORY War Scaros Paralyze Hope for Immediate Return of Prosperity. ! Continued from Page One) j build up a new’ war machin.-, redraw her frontiers, and revise or repudiate war responsibility and reparations payments. Mussolini's Italy, facing a doublefedged political and economic crisis at home which threatens the Duce’s dream of anew Roman empire, busily is creating new alliances in j central Europe and the Balkans to the accompaniment of a steady tattoo on her war drums. France, center of the European malestrom, nervously is watching a fuming Germany on the one side and a hostile Italy on the other. Persuaded in her own mind that , trouble is merely a question of time, she is forging anew chain of dei senses—a stronger army, a bigger navy, a mightier air fleet and a string of fortifications from the i North Sea to the Mediterranean. There is bad blood between Germany and Poland, Poland and Rus- | sia, Italy and Yugo-Slavia, Hungary and the Little Entente, Russia and China, and so on, needing only an accidental brushing off of the chip J rom the shoulder of one by the other to set things going. Unrest, political and economic, Is everywhere—in Spain, Portugal, Austria, Hungary, Poland, Rumania, Bulgaria, Turkey, Arabia, Palestine, Afghanistan, Egypt, India, and so

THE INDIANAPOLIS TIMES

ou throughout the eastern and western hemispheres. Japan, with an overproduction of both goods and population, merely is biding her time to consolidate her position in the Far East. In one way or another, by peace or war, the Japanese empire of the future will reach far into the Asiatic mainland, with or without the consent of the great powers. Above are merely some of the highlights on a fermenting world. “Nobody wants war,” says former Secretary of State Frank B. Kellogg, framer of the W’orld peace pact. And diplomats everywhere agree. But, comments former Premier Lloyd George of Great Britain, “the w’ar spirit is walling up again. It seems too foolish to be credible, but there it undoubtedly is—a cauldron of suspicions, hatreds, and fears.” And this state of affairs is rank

/A#‘‘Bonus Sale” & dc Liquidation GORDON’S BONUS PLUS TREMENDOUS PRICE CONCESSIONS -MAKING FURNITURE PRICE HISTORY IN INDIANAPOLIS for your Just to give you an idea of the enormous savings offered in Gordon’s greatest furniture event, CONVENIENCE we illustrate it in this way: Every piece in our great store is reduced from 20% . value of which is 10% of your purchase price, which EVENINGS Ur • 95 \\i J * r ** ers o* V - If \ \ '*&*&** lS? *?s£> x ror IP -3 f | Yo\tf CVI. U „ W 6 Q. 501 ‘ 52 9 - 50 t \ c ;\ c *Vt ••• • • • •’*lJ oft ' SD-50 SP ' a ad n andsU e ‘ \ cotton f ’ \ \\\ W* 9 ' Ml^ a-d '°- - Co^° CONVENIENT djWWISfft k TRADE IN YOUR CREDIT OLD FURNITURE Do not let the matter of credit stand in your way. ( Gordon’s go even further in making savings the greatest Gordon’s extend their usual liberal credit terms to you V v in history—you can trade in your old furniture and we during this sale. Pay a little down—balance in easy a•. ■■ i/< j i will give a liberal allowance on new—even at these low weekly payments OppOSltC Meyer-KlSer Bank le prices.

poison to business, industry, credit, i prosperity, and employment. For, says Lloyd George, while nobody is expecting “the next war” to break looose just yet, “from the standpoint of the trader and financier, the fear of war is almost as bad. “It rattles business. There is no ! confidence.” Owen D. Young, General Electric head and one oi the world’s greatest authorities on such subjects, agrees. It is precisely this uncertainty. he declares, “which paralyzes economic effort in world recovery.” By universal admission, therefore, something must be done to put an | end to war talk, if prosperity is to come back and stay. Twenty-nine nations gathered at Geneva to at- | tend the League of Nations were unanimous on the subject. But, they are equally unanimous

in saying, little can be done as long as America, key nation of the globe, remains aloof. The fears, suspicions, and uncertainties touched upon above will continue to block the return of confidence, prosperity, and city streets free from bread lines. Next: A Hundred billion dollar market goes begging. SKATERS CARRY SIGNS Whooping Cough Patients May Use Pond if PlacardedBy United Press BOSTON, Feb. 13.—Children afflicted with whooping cough now are permitted to skate on the Public Garden pond, but they must have pinned to their coats "quarantine signs” bearing the words, “Warning, Whooping Cough.”

Injured Man Loses Salt S By Times Special GARRETT, Ind.. Feb. 13.—A verdict for $12,500 given Elmer Tindall of Garrett in a damage suit against | the Baltimore & Ohio railroad in

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federal court at Ft. Wayne, has been reversed by the United &fctes Circuit Court of Appeals at Chleago Tindall alleged that he suffered permanent Injuries while in the employ of the railroad as a brakeman

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