Indianapolis Times, Volume 42, Number 267, Indianapolis, Marion County, 19 March 1931 — Page 3

MARCH 19, 1931.

RUSSIA BACK IN ! WORLD MARKET; U. S. AFFECTED Exports Jump 14 Per Cent Under Stimulus of 5-Year Plan. % by United Prut WASHINGTON. March 19.—Extent of Soviet Russia’s sudden and surprising re-entry into the world market, under the stimulus of her five-year economic development plan and its widespread effect on many countries, including the United States, was disclosed *in a survey today. Russia’s exports jumped 14 per cent to a total of $501,000,000 during the last fiscal year, closing September. 1930, figures published today by the commerce department showed. Notable increases were shown in wheat, oil, coal and lumber, all of which compete with major products of (his country. 1 The keen interest of the United States in the five-year plan and its effect on the United States and the whole Russian experiment is reflected in the investigation ordered by Secretary of State Stimfcou and the close watch kept by commerce department officials on every development. Widespread agitation in congress last session for embargoes on Russian products is expected to be renewed at the next session. Russia’s re-entry into the world economic picture after several years of quiescence while the Soviet experiment was getting under way, particularly is perturbing to economists because she is “dumping” her products at prices far below the cost of production in other count ries. This she is enabled to do by the Communistic method of cheap production undev government monopoly. ‘Capitalism Doomed’ Success of the Russian five-year plan of industrial and agricultural communization means the death blow to world capitalism, according 1o speakers at a meeting sponsored

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Jimmy Having Gay Time

t Us.. ■fr’.

Mayor Jimmy Walker of New York City is shown here grinning gaily as Indians and cowboys welcomed him to Palm Springs, Cal., on his western vacation trip. Smart cracks dropped easily from the mayor’s lips, though back in New York civic forces are gathering in an effort to have him ousted.

by the Indianapolis section of the International Workers Order in Communal hall, 17 West Morris street. Wednesday night. Every seat in the hall was filled and many were forced to stand. Thq meeting had been advertised for five days, the principal attraction v- > moving pictures of the recent trial of the eight engineers for sabotage in an alleged attempt to wreck the five-year plan. The pictures were in charge of A. B. Magill, correspondent of the American labor press in Russia, who attended the trial. He also spoke on the five-year plan. He predicted that it will succeed in four years, instead of five and that capitalistic countries will not

be able to compete in world markets with the Russian workers’ government Joe Zimmerman, active local Communist organizer, presided. He recited the various attempts made to checkmate and overthrow the Socialist government in Russia and predicted that more and more such attempts are bound to fail. Auto Gas Fatal P.i; Times Special HAMMOND, Ind., March 19. Monoxide gas caused the death of Charles Patton. He was overcome while working in the garage ao his home with the engine of an automobile running.

THE INDIANAPOLIS TIMES

FARMS'PRIDE I HIKE SEEN IN NEXT DECADE Good Land Is Safe for Future Investments, Parley Told. Prediction that good farm lands should increase greatly in price within the next ten years was mad? today by A. G. Brown, president of the Federal Lank Bank of Louisville, addressing nearly 300 representatives of national farm loan associations of Indiana at the Claypool. “While good farm lands should be safe investments in the future, poor farm lands will continue to present a problem,” he asserted. “The fundamental quality of farms either from operation or investment standpoint is reflected in the fact our bank, which makes long-term amortized first mortgage loans in Ohio, Indiana, Kentucky and Tennessee, has continued to sell farms during one of the worst depressions agriculture ever has experienced.” The meeting, attended by officers of the 116 national farm loan associations in Indiana, which have 16,625 loans totaling $59,445,000 outstanding, was for the purpose of exchanging ideas in an effort to increase the number of loans in the state. The associations are formed by ten or more farmers who take stock in the association to the extent of 5 per cent of their loans. The association uses this money to buy stock in the Federal Bank of Louisville which advances the loan money. The wireless station in Franz Josef Land is the northernmost radio station in the world.

YFOUR CHILD’S COLD Musterole. afe “counter-lmtant, applied every hour for 5 hours, should bring complete comfort.

Gone, but Not Forgotten

Automobiles reported to police as itolen belong to: . _ . , G. B. Sumter, Franklin. Ind.. Ford tourins. from Maryland and Illinois streets. Arthur Reisart. Connersville. lnd.._ Ford roadster. 283-970. from Connersville. md. Ace Crosbv. 1544 Linden street Essex coach. 94-182. from Olive and Prospect streets. . , * Emil Mills. Butierville. Ind.. Chevrole, coupe. 272-104. from Capitol avenue and Washington street. William Lincoln. 3109 Graceland avenue. Hupmobile sedan. 73-967. from garaae in rear of 3109 Graceland avenue.

BACK HOME AGAIN

Stolen automobiles recovered by police ■*Kari Von Miller. 701 North Belmont avenue. DeSoto coupe, found in front of 331 North Blackford street. SIAMESE RULER 7 i SAIL King and Queen Begin Trip to U. S. for Eye Operation. By United Press BANGKOK, Siam, March 19. King Prajadhipok and Queen Rambaibarni departed today, sailing down the Chao Phya river on the motorship Seiandia', en route to the United States where the king will undergo an operation for removal of a cataract from one eye. Marriage Secret Kept By Times Special ’ FT. WAYNE, Ind., March 19. Their marriage in Philadelphia five years ago was kept secret until this week by Mr. and Mrs. Charles J. Dalton.

SOME WOMEM ALWAYS ATTRACT

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SEPARATE NAVY PACT DRAFTED Italian-French Accord Not in 5-Power Treaty. By United Press LONDON, March 19.—Experts of Britain, France and Italy begin today the drafting of the new naval accord limiting French and Italian armaments as a separate agreement from the five-power London naval treaty. At the same time, it was learned that as a result of the conferences of Senator Dwight W. Morrow and Ambassador Charles 6. Dawes at the foreign office, fears were held that the new pact would affect the Washington naval treaty, especially in regard to the new accord on construction of battleships. France obtains an additional 6,000 tons of battleships as compared to her quota under he Washington treaty. In re iabv American sources it was pointed out that the effects on th 6 Wash-

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ington treaty would be of minor character, however, and would depend chiefly on the average ships which France decides to scrap. It was further said in reliable sources that the United States has been disinclined to agree with the British plans for reviewing the London naval treaty of 1930 and other armament pacts at the world disarmament conference at Geneva next February. The piano was invented early in the eighteenth century. NEW WONDER GLAND TONICDJSCOVERED Having brought more happiness to hundreds of persons than anv other form of treatment, this wonderful gland treatment stands superior as a to ?i j Glendage, as this treatment is called, comes in treatments of one month. I’eople suffering from nervousness, overwork, lack of vim and vigor, should try this wonderful remedy As this preparation is the result of veaas or study and scientific experimentation. it will be worth vour while to interest yourself and ask for free booklets. Start today and see what this tonic can do for you. 30-dav treatment Glendage $3,00 at leading’ druggists including Hook Drug Cos. and Liggott’s. Your druggist can easily get it for you. Accept no substitute.—Advertisement.

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