Indianapolis Times, Volume 43, Number 162, Indianapolis, Marion County, 16 November 1931 — Page 5

NOV. 16, 1931.

EAST 6ETS OUT OF SICK BED ON 'WOBBLY' LEGS Atlantic Seaboard Passes Crisis, but Finds Knees Shaky in First Steps. tt CUppe r. manager of .he Tjnitad res* Washington Bureau Ju't A‘^.„ comDlftrd a of lnquirv into ,and nolitica! conditiona Scl>? Capital Citv and New Eng1. , Today he offers a summary of Business conditions as he found them appraised bv business leaders, some of wnom he has quoted in earlier lntersome of whom do not speak for mblication. BY RAYMOND CLAPPER Cnited Pres* Staff Correspondent • Copyright. 1931. bv United Press) BOSTON, Nov. 16.—Ttye Atlantic seaboard, industrial and financial nerve center of America, may be compared to a convalescent during his first attempts to get out of bed. This was revealed in a week of inquiry into business centers whose business leaders ranged from the ‘ restrained optimists” of Philadelphia to those of New' York “rubbing hands" in anticipation of bigger business to come. On Oct. 5 the patient wondered why he was allowed to live. Prices k ached the bottom-most point of two dark years. Then the doctors told him he was getting better if he only knew it. The Hoover $500,000X03 bank credit pool proved another stimulant. The heme financing bank plan also will help and with a few pats of encouragement the patient felt like a new r man and leaped out of bed. •This is going to be nothing at all for me,” he thought as he took his first confident steps. “Careful; Take It Easy!" Wheat and cotton began to shoot upward. Wall Street prices made striking gains. Then the knees began to shake a little. Mustn’t try to .go too fast. Takes a little time to build up the flabby muscles. Have to take it gradually. You've been a sick man and you’ll have to go easy for a v file. That’s where we are now. New England has been .steadied by the textile industry which went through much of its readjustment before the depression. It therefore could meet the changed conditions more satisfactorily than many other industries. Consumer demand bot h in textiles and shoes has been the brightest factor in this area, though some recent e.urtailment due to accumulating stocks has taken place. The end of the textile strikes at Lawrence has helped, though there have been pay cuts again at Lowell. Rome Fall River mills are closing down temporarily. Nevertheless general sentiment is Improving.

Philadelphia Is Cautious Mayor Curley is heading plans for n ceremonial burying of “General Depression” before more than 50.000 spectators at the Thanksgiving day football game between Boston college and Holy Cross, which shows at least his heart is in the right I place. The Boston <fc Maine is about to j put on men in its Concord shops to make a string of new cabooses. Department store sales in dollars are under those of last year, though some merchants report the volume is greater at lower prices. In Philadelphia business men are restraining their optimism while feeling that first signs of improvement are appearing. Metal industries are employing 12 per cent more men than in July. E. G. Budd Manufacturing Company, operating a large body plant, reports overtime in some departments. Tool and textile machine shops are doing more business, though a seasonal drop in the radio industry has thrown numbers of metal workers out of jobs. * The state employment office reports calls for skilled workers exceeding anything in the last eighteen months. But there are an estimated 250,000 idle in Philadelphia.

New York Enthusiastic It is different in New York. Executives are beginning to rub their hands briskly. They are as mercu'j.al as the stock market and. while the last week saw a decline, they are not yet ready to take it seriously. Many, as in the case of Reming-ton-Rand Company, are receiving favorable reports of increased demand from their branches out in the country. Christmas trade and millions in Christmas savings are counted on to run up retail buying. Above all. the dollar appears to have come through the recent attack from abroad stronger than ever. Gold reserves are rising and hoarding appears checked. This may mean little out in the country, but it is vital in the New York nerve center. . Around Albany scattered improvement. is noted. The American Locomotive Works has an order for ten locomotives from the Lehigh Valley railroad, which will keep 1.500 to 1.800 men at work for three months.

G. E. Jobs Increase At Schenectady. General Electric officials noted a slight employment increase, though the plant still is on part-time, with staggered • work. S M. Vaughn, secretary of the Schenectady Chamber of Commerce, said “merchants are looking forward to brighter conditions and a par Christmas shopping season.” Troy, the big collar town, has come through without any very drastic reduction in pay or help i;; its main industry. Orders from the Pacific coast have lagged, but the east shows an increase. Burden Iron Company, one of the oldest in the world, has put 200 employes and six additional furnaces back to work. The Hudson Valley Fuel Company, largest in the state, gradually has increased products. Twenty "brush factories have worked night and day recently with almost unprecedented business. Research workers for the Philadelphia Academy of Natural Science have found that a fruit in Ecuador that combines the characteristics of an orange, peach, lime and tomato.

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F&OTH parties are getting their share of factional discord down in Monroe county, according to managers there. Dissatisfaction has been expressed with William Weaver, veteran Republican county chairman, and Arthur Branam, Democratic leader, and new chieftains are expected to be chosen in the May reorganizations, unless policy changes are effected. Greatest fault found with Weaver is his utter conservatism and close alilance with the standpat element. This has alienated all with progressive leanings and. according to the dope, the liberals went so far in party heresy as to work against the G. O. P. last year. Although a series of meetings has been planned to bring the various factions together, many declare that peace can be obtained only through the defeat of Weaver next spring. The name of Donald E. Bowen, county attorney, as a compromise selection for Republican county Chairman has been suggested. He is well liked in the rural sections and is acceptable to urban leaders. Bowen has. however, remained mum on all suggestions. nun The Mavr-McNutt fight is causing ihe difficulty among the Democrats. Branam has been awarded the patronage of the automobile license branch by Secretary of State Frank Mayr Jr., with the intention of binding him closely to the antiMcNutt forces. Importance of Branam’s position can not be underestimated when it is remembered that Bloomington is the present home of Paul V. McNutt, dean of the Indiana university law school, and the leading contender for the nomination for Governor. Every candidate for office who expects to get any place in a state convention at least must have his home county delegation pledged to him and if the Mayr-Ackerman-Montgomery group would sucteed in having a chairman linked with them in charge of Monroe county, McNutt would go into the convention hamstrung.

The McNutt forces are strongest among the precinct committeemen in that county and Branam soon must decide whether he would rather be chairman or auto license branch manager. Mayr and his aids, foxy Jim Carpenter. head of the license department, and L. A. Smallwood of Oolitic, a branch inspector, recently paid a visit to Bloomington. Branam arranged his office as an auditorium and had all the “big shot” Democrats there, but Mayr refused to talk politics. However, it appeared that no such inhibition was exhibited by Carpenter and Smallwood. In fact, they seemed to have been so forceful in their political talk that the McNutt men have greased the skids lor the county chairman. Man and Wife Killed / B;i United Press FARMLAND. Nov. 16.—Samuel Dul, 60, and his wife, 55, were injured fatally when struck by an automobile as they stood beside their own machine fixing a tire at the edge of a highway. Daniel Ruble, Farmland, was driving the second automobile and said he failed to see the couple. Wage Cut Opposed B>/ Times Special SOUTH BEND, Ind., Nov. 16. Protests against a treasury department decision cutting the prevailing wage for common labor on the postoffice here to 40 cents, a 10-cent reduction from the scale approved by the department of labor, will be sent to Washington by the local labor unions, their officials announce.

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ROTARY UNIT AT HOSPITAL IS DEDICATED New Home for Crippled Children Presented to Riley Association. Crippled children at Riley hospital today are thanking Rotarians of Indiana for the gift which will permit them fully to recover health in the cheery quarters of the new Rotary unit. A brilliant gathering assembled at Riley hospital Sunday afternoon to take part in dedication ceremonies of the new $250,000 Rotary convalescent home, described -as Rotary’s answer to criticism of “a modern school of critics who have found it profitable to occupy the seats of the scornful." "This building furnishes answer to the Sinclair Lewises who have denounced Rotarians as a lot of Babbits from Main street," said John Nelson, third vice-president of Rotary International and principal speaker at the luncheon. ‘lt w’as a happy inspiration that led Rotary to perpetuate the mem-

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THE INDIANAPOLIS TIMES

ory of your famous poet with this hospital.” In his presentation of the building to Riley Memorial Association, Robert E. Heun, first vice-president of the international organization, pointed out that the unit w’as built entirely by the money of Indiana Rotanans, that no outside help was sought, and that surplus on hand may be used to expand the unit at some future date. “The conviction that the conception of such an institution as a memorial to the poet of childhood was entirely fitting has grown with the years,” Hugh McK. Landon. president Riley Memorial Association, declared in accepting the building as a part of the Riley institution. Dr. William Lowe Bryan, president of -Indiana university, received the home in behalf of Indiana university medical center. "I see in this building, completed in the midst of hard times, a monument to the courage of our people— a courage which no hard times can destroy,” Dr. Bryan said. Unveiling of the bronze tablet commemorating Riley w'as made by Ellen higgle of Hammond, 8-year-olq patient in the hospital. Frank C. Ball of Muncie spoke. Two hawthorne trees, symbols of friendly greetings from Rotarians of England, were planted by Charles A. Mander of Wolverhampton, England, an international director; Edwin Robinson of Sheffield, England, chairman of the international service committee, and Dr. John H. Beeson, governor of the Twentieth district.

300 INSURANCE MEN GATHER IN ANNUALPARLEY They’re Advance Guard for State Farm Bureau Session Tuesday. Three hundred agents of the State Farm Mutual Auto Insurance and State Farm Life Insurance companies met today at-the Lincoln in their annual convention. They were the advance guard of 2,000 delegates who will attend the remaining sessions of the annual convention of the Indiana Farm Bureau at the Claypool Tuesday and Wednesday. Property and, particularly, farm taxation, doubtless will dominate discussion as the farmers hear convention speakers during the next two days. From the convention may come a resolution calling on Governor Harry G. Leslie to summon the state legislature in special session to pass remedial tax laws, bureau leaders believed. William H. Settle, president of the bureau, will assail Indiana's tax laws in his address Tuesday morning. He will be followed on the 1 speaking program ky P. L. Betts.

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SOCIAL PROBLEMS ENGROSS PASTORS

Indianapolis ministers turned their attention Sunday to present-day social problems and saw the salvation of a diseased society in God, able statesmen and the home, according to individual points of view. Frederick Landis, Logansport editor and radio speaker, told the gathering at the Y. M. C. A. Big Meeting at Keith> that “the world has the job of finding statesmen who have gumption enough to adjust the economic life to the machine age.” Failure of the home to exert moral influence and to stabilize society was blame*by the Rev. R. R. Black, Parkersburg (W. Va.) evangelist, in his sermon in the North Side Church of God. “It is tir _ e we quit criticising the government and condemning those in charge of state affairs for present-day conditions and put the blame on the home,

Chicago, manager of the Dairy and Poultry Co-operative, Inc.; Mrs. Frank Evans of Washington. D. C., and M. S. Winder of Chicago, executive secretary of the American Farm Bureau. The delegates will stage a parade through the downtown * district to Monument Circle at 11:30 Tuesday morning. Speakers on the insurance program this morning w'ere: M. C. Townsend, organization director of

where it belongs,” he pointed out. Preparation of the soul for the future is the paramount need, according to the Rev. Morris H. Coers, pastor of the Thirty-First Street Baptist church. “The chief business of the church is to make followers for Christ,” the Rev. William F. Rothenburger said at the Third Christian church. America needs to turn co God for salvation from its sinful conditions, E. Howard Cadle declared at Cadle tabernacle. The world's unwillingness to “cooperate” with God was blamed for unwholesome conditions by the Rev. B. Brooks Shade, pastor of the Grace M. E. church. Sunday in sunrise services. “Blessed is the man thar irusteth in the Lord,” the city’s Christian Science churches were toid.

the bureau; H. B. Ogden, director of insurance, Eighth district, and R. S. Morrow’, insurance director of the Ninth district. Special Session Urged By Times Special SOUTH BEND. Ind.. Nov. 16. The South Bend-Mishawaka Civic Planning Association has adopted a resolution urging the state legislature to meet in special session to provide tax relief.

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BOUT PROWLERS FROM 4 HOMES Householders Report Loss Small in Burglaries. Police today sought night prowlers who were routed during the weekend when residents of four homes awoke and discovered the thieves at work. Awakened by the glare of a flashlight, Mrs. Arthuf Haught. 3132 School street, screamed as she saw a prowler in her bedroom early today. The man leaped through a window with $1.50 from a purse. Mr. and Mrs. William O. Ho ar. 3173 North Sherman drive, toll police they were awakened early today by prowlers, who fled empty handed. Theft of sll taken from a pair of trousers was reported by Mr. and Mrs. Ray Davidson, 2704 North Olney street, who routed a prowler. Frederick Doebber, 9, interrupted a prowler in the act of entering the home of F. A. Doebber, 3913 North New Jersey street,' Saturday night, Doebber reported. Silverware and clothing valued ft $175 were stolen from the home of K. G. Dirneeff, R. R. 17, Box. 176, Sunday night, police were informed. American investments abrotd total $25,000,000,000.