Indianapolis Times, Volume 43, Number 172, Indianapolis, Marion County, 27 November 1931 — Page 5

NOV. 27, 1931.

FARM BOARD’S NIGH-SALARIED MEN QUIZZED Details of Heavy Selling of Wheat at Pegged Prices Related. by LYLE C. WILSON I nited Ptm Staff Correopondent WASHINGTON, Nov. 27.—Details of grain stabilization operations showing that the government was a heavy seller of wheat at one time during the period of pegged prices, were given today by George S. Mllnor to the senate agriculture committee. * Milnor Is a $50,000 a year executive of the stabilization corporation and the Farmers’ National Grain Corporation, both sponsored and the former controlled by the farm board. Milnor said wheat prices were pegged from November, 1930, to June 3, 1931, at 81 cents for Chicago and 73 cents for Kansas City. In response to questions from Senator Thomas (Dem., Okla.), Milnor said that on Nov. 18 the stabilization corporations bought 8,065,000 bushels of wheat and on Nov. 19 bought 700,000 bushels. On the three succeeding days it sold an aggregate of 6,990,000 bushels. It has been reported since that time that the corporation was ■seeking to ‘‘retard prices.” Salaries Are Questioned The witness told Thomas it was not the intention of the stabilization corporation to retard prices, but that it was found that the pegged prices could be maintained better, if violent fluctuations were discouraged. Several senators were interested in Milner’s salary, all of which now comes from the privately owned Farmers’ National Grain Corporation. He told them the highest income he ever received as president of the Sparks Milling Company, Alton, 111., was $36,000. E. F. Creekmors, head of the Cotton Stabilization Corporation, also was summoned to testify. Creekmore gets $75,000 a year. Board members are paid $12,009 each and the board’s general counsel gets $20,000. Testimony of farm organization spokesmen before the committee indicates a combination of at least two of the major organizations in behalf of either the export debenture or equalization fee systems of farm relief. These organizations are the American Farm Bureau Federation and the National Grange. Amendment to Be Asked Hitherto they have divided, one supporting the equalization fee and the other the defenture. Now they agree that the agricultural marketing act should be amended this winter to provide one or the other of these schemes to dispose of the surplus of farm production. The Farmers’ Union has its own program. It would combine the equalization fee system with a vast project of government price fixing. As John A. Simpson, union presi- : dent, explained it, the government | would issue a license to all persons | who sought to purchase any agricultural commodity of which there was an exportable surplus. GYMNASTIC UNION TO HAVE ALUMNI DANCE Event at Athenaeum Saturday Will Climax Home-coming. An all-day school dance in the Athenaeum Saturday night will be the last event on the three-day program for hundreds of alumni attending the annual home-coming of the normal college of the North American Gymnastic Union. A basket ball game between Central Normal college and the NorrAai college of the union will precede the dance. A hockey exhibition in Riverside park, alumni luncheon at noon today, class demonstrations in the Athenaeum this afternoon and an exhibition by Indianapolis Turners tonight were features of today’s program. Informal receptions for former students were held Thursday at the dormitory, 1240 Broadway, and also by Phi Kappa Epsilon fraternity. Non-resident members of the board of trustees met preliminary to the annual session of the board of trustees to be held at 3 p. m. Sftturday. SHOCK FATAL TO WIDOW Mrs. Sarah Elizabeth Chambers Is Claimed by Death. Mrs. Sarah Elizabeth Chambers, 70, of 417 North Arsenal avenue, died Thursday at her home. Her husband, James Chambers, died Sunday. Mrs. Chambers’ death was caused partly by the shock of his passing. She had lived in Indianapolis since her marriage, forty-seven years ago. Funeral services will be held at 2 Saturday in the Harry W. Moore undertaking establishment, 2030 East Michigan street. Burial will be in Crown Hill cemteery. Survivors are a son, James R. Chambers of Detroit, a daughter, Mrs. Paul H. Johnson of Indianapolis, and a stepson, John Chambers of Indianapolis. AUSTRALIAN TO~~SPEAK Student at Butler to show Slides at Children’s Museum. Victor R. Griffin of Melbourne, Australia, a student at Butler univeresity, will speak before the departmental class at the Children's museum Saturday morning at 9:30 He will show slides of his native country. Two films. ‘‘The Arid Southwest’ and ‘‘Chumming With the Animals.' will be shown at 10:30. This program will be open to all school children. DEATH TAKES^RTCRITIC Dr. Henry Turner Bailey Succumbs Suddenly at Chicago. Hg Ur it ft Prtu CSJOAOO. Nov 27.—Dr. Henry run <ar I 66, art critic and wrif'l' ci ft'cMur.ta, Mas*., died in a hoipirml h*’* Thursday. D r . Eaile* for tweiv* ?</.* vm cVd of the C'tc . c'aad school of u? r:. i for : .v,; ttr* • r' < —rtoj o: the Cleveland museum :f :n. hAr?; convei* > ing from a fracture i\nee cap vh, n he was sltiPNtfO, by a heart attack.

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