Indianapolis Times, Volume 43, Number 192, Indianapolis, Marion County, 21 December 1931 — Page 7

fee. 21, 1931.

(I. S. SEEKING TO BOOST LIABILITY OF BANK HEADS Directors May Be Required to Expend All Their Assets for Losses. By Vnile.d pm ** WASHINGTON, Dec. 21.-Bank directors can be compelled in specific cases to compensate lasses to depositors to the full amount of their own assets, intead of just the amount of their stockholdings, Comptroller of the Currency John W. Pole told the United Press today. Establishing the liability of bank directors for the full amount of their own assets may be one of the laws evolved to protect money and reduce bank suspensions. Such a law would inflict heavy penalties on violators. The government now conducting a case against directors of the National Bank of Kentucky at i'ouisville, to recover $14,000.000 for depositors. A great deal of this sum, if awarded, will come from private assets other than shares held by directors in the bank, which closed its doors Nov. 17, 1930. Far-Reaching Effect Seen Should the government win its ease the effects will be far-reaching. Money deposited would be more secure and bank failures fewer. “Considerable sums of money have been collected from bank directors,’’ said Pole, “when they have misused their powers and failed to adhere to principles prescribed by law and advised by inspectors. “The duty of the bank director is simple. He owes it to his shareholders to carry on an honest business, conducted along the lines specified by law. The shareholder in turn is responsible to the depositor, j who places his money in the bank i in good faith.” New lairs Contemplated Referring to the failure of the ! National Bank of Kentucky, Pole | pfaid: “An improvement loan to an insolvent rubber company was made by the bank, which had assets of j $50,921,244.51, on the last report j made before its failure. The sen- j atp finance committee now is study- ' ing this loan and others of a similar nature.” Laws which will make, bank di-j Sectors who invest other people’s! money more, directly responsible for depositors now are contemplated. Making individual assets liable for ' compensation is expected to insure i honesty and promote sound bank- : lng procedure. COURT ORDER HALTS LOWER WATER RATES Vincennes Company Musi Post Bond Pending Final Ruling. A temporary injunction prohibiting immediate enforcement of lowered water rates for the city of Vin- I tonnes, as prescribed by the public service commission, was issued in federal court Saturday. The injunction, which provides the water company give bond sufficient to protect its customers on the difference in rates, was issued after the court denied appeal of attorneys for the city and the public service commission, that the suit be dismissed. The temporary restraining order requires the water company to post SIO,OOO bond originally, and that the bond must at all times, exceed the total difference between the amounts due under old and new rates. Albert Ward was appointed special master in chancery to hear evidence on the petition for a permanent injunction against enforcement of the rates. MARION MAN CHOSEN Aldred U. Thornburg President of Hotel Association. . Activities of the Indiana Hotel Association for the coming year will be directed by Aldred U. Thornburg, manager of the Hotel Spencer at Marion, newly elected president. New officers were announced today following the association's annual convention in this city. Other officers are: Jap Jones. Martinsville. vice-president; Lase D. Weathers, Indianapolis, secretary; Walter Smith, Indianapolis, representative on the American Hotel Association directorate. Directors re-elected include A. C. Weisberg, South Bend; James Keenan. Ft. Wayne; E. J. Harris. Elkhart: C. J. Scholz, Evansville; W. E. Hawk, Kokomo; F. Harold Van Orman. Evansville; A. C. Thornburg, Muncie; George Bippus. Huntington. and A. B. Jones. Crawfordsville. Ousted Man Gets Job By Tuc* Special MARION, Ind.. Dec. 21.—Zach Sanderson, recently discharged by .Alfred Hogston. state fire marshal, has been appointed by Mayor Jack Edwards as director of safety. He will have charge of organizing safety patrols for schools, and will also regulate downtown parking.

This Is Poise By Ini ted Press GARY, Ind.. Dec. 19. A smartly-d r e s s e and, complacent young woman, driving a glistening new automobile, stopped for a red traffic signal and partially blocked an alleyway. Down the alley came a rickety touring car, driven by a man plainly in a hurry to get some place. He halted barely in time to avoid striking the woman’s machine. “Hey, you.” he cried, "get that garbage can out of the road.” The woman cast him a frigid glance and returned her attention to her own machine. In even stronger terms, the. man again warned her to • move the tin go-cart.” For answer, the woman calmly lowered a window and hurled a monkey wrench through the windshield of the other machine. With equal poise, she stepped out, recovered the mk • . sie and went on her way.

CHILDREN ARE HITS ON INDIANA BILL Jac Broderick Has Done Wonders With His ‘Santa Claus Frolic,’ Which Has Services of Gifted Youngsters. BY WALTER D. HICKMAN IT is easy to find the hit on the stage show bill at the Indiana this week, because it Is Jac Broderick’s “Santa Claus Frolic.” Children, all just youngsters who have been attending Broderick s classes on the Indiana Ballroom Roof on Saturday mornings, compose the dancing cast of this revue. Charlie Davis prepares you for the surprise when he announces that the stage show thus week is made up of three parts—the Kiddie Revue, his orchestra in tHe pit doing its stuff and the Fanchon and Marco unit, “Gay Vienna.”

In speaking of the revue, Davis states that he is really surprised at th- talent and the way it has been developed in the child revue.

jAnd I frankly agree Iwith Davis and vote the children's dance revue one of the very best that I have seen in many | years. Os course, ! the audience loves I the four little tots, j just wee children, when they “dance” together. And the audience does not overlook the talent of the older children, especially a boy who certainly has wonderful danc-

Clive Brook

ing feet. Also a girl who goes in for acrobatic dancing. The finale shows the children grouped and marching toward a manger on the stage. It has been well mounted and beautifully done. Davis and his gang have anew hot burlesque song this week. One of the singers just admits in modern melody that he is just full of the St. Louis Blues. The band could have gone on indefinitely when I was present but the stage show is a mighty long one this time. Will say tjiat this Fanchon and Marco revue has more artistic class than any of the units I have seen this season. This is made possible by the splendid and marvelous violin playing of Duci de Karekparto and the melodious interludes of Emma Woodland and Roy Smoot. The revue has been staged in excellent taste. The movie is Clive Brook in “Husband’s Holiday.” It is the regulation story of a married man who goes wild and thinks he is in love with another woman instead of his wife. He learns different. Now at, the Indiana. u n n CONCERNING BAXTER'S LATEST PHOTOPLAY As far as I am concerned. Warner Baxter is miscast in “Surrender." Here is another one of those war time movies, and we are concerned with the escape of a. group of French soldiers from a German prison camp. One of the escaped prisoners 'Warner Baxter) reaches an old castle with some of his comrades,

and they are delivered by the haughty daughter (Leila Hyams) into the hands of the German officers. The men are returned to camp and warned that a second attempt would result in death. We are then concerned with Baxter's efforts to win the love of the German girl who fought to remain true to her

Warner Baxter

German fiance and her fatherland. The story is not new or novel and Baxter has some difficulty in making his rather conventional part ring true. The types chosen for the German officers have been rightly chosen, and the background looks authentic, but the story rings too much of the horror of prison camps to make it pleasant entertainment. You may rave over this one. Please do. if you so desire. I just can't do it. Now at the Apollo. RADIO STAR * * BECOMES MOVIE STAR If you go in for the homespun type of melodrama found in "Way Down East,” and “The Old Homestead,” you will have a good time seeing Seth Parker and his Jones-

All Indianapolis Mourns the Loss of Mr. Frank R. Wolf N expressing our sympathy with H. P. Wasson & Cos. in the passing of their vice-president and general manager, Mr. Frank R. Wolf, the Pettis Dry Goods Cos. pays tribute to a splendid personality . . . an unceasing leader and bene= factor in the progress of civic Indianapolis.

port neighbors in "Way Back Home.” And if you do not have an appetite for this sort of a movie dish,

then you will find nothing in common with this movie. Parker has a big following on a national hookup on the radio and I judge this picture will be popular only in the cities and towns where he is known over the air. Here is clean entertainment done in a comfortable home like way. You will be enterested in the various

ife

Seth Parker

types—the small town gossip the farmer who brow beats his daughter and makes life miserable for her, you have the small town constable who moves about at fast as a snail you have the small town quartet, the singing night and even the barn dance in its old style. Parker is made up as the lovable old farmer who sees only good in people but on the other hand even uses the Bible to fight his enemies. And Seth wins. I found a lot of satisfaction in watching these small town characters show themselves up to nature in this rather far fetched story. When you go to see this picture, get yourself in the right frame of mjnd. Now at the Circle. LOOKING OVER “BEN HUR” AGAIN Some movie producers are taking some of the old silent hits like “The Big Parade” and “Ben Hur” and are putting a musical background and sound to it, leaving the picture stand as in its original form. That has been done with “Ben Hur." The actors do not. talk as only a musical background (and a good one) and sound (splendid in the chariot race) have been supplied. I had many serious thoughts as I watched the silent or pantomine acting of the principals in some of the scenes, and I realized what splendid strides have been made in acting since the talkers have arrived. “Ben Hur” is a beautiful picture and has the best chariot race and fight at sea between a Roman ship driven by slaves at the oars and a fleet of pirates that I have ever seen. I will be interested to know how the public will take old favorites and have them dressed up with musical backgrounds and sound. A good picture is always a good picture. I wonder what the box office verdict will be with “Ben Hur.” Now at the Palace. u Other uptown theaters today offer. Marion Sunshine at the Lyric and “His Woman” at the Ohio. The neighborhood theaters today offer: ‘“Pagan Lady” at the Irving; “Pardon Us” at the Talbott; “Bad Girl” at the Emerson; ‘Daughter of the Dragon" at the Tuxedo; ’Murder at Midnight” at the Roosevelt; “My Sin” at the. Hamilton; “The Sin of Madelon Claudet” at the Dream; ‘The Last Flight” at the Princess; “Smiling Lieutenant” and Cisco Kid” at the Belmont; “Range Feud” at the Orpheum; “Devotion” at the Tacoma; “A Woman of Experience” at the Garfield; “Spirit of Notre Dame” at the Stratford; “Caught Plastered” at the Mecca; “Homicide Squad” at the Fountain Square, and “Son Sister” at the Granada. Auto Kills Cyclist ELBERFELD, Ind.. Dec. 21. Funeral services will be held here ’Tuesday for Roy Koenig, 25, who i was killed when the bicycle on which he was riding w T as struck by an automobile.

THE INDIANAPOLIS TIMES

PLAN TO SPEED UP INDUSTRY IS GIVEN CONGRESS Increased Production, Not Limited Output, Urged by Progressives. j ßy ficrippu-Hoicarii Net rspaper Alliance WASHINGTON, Dec. 21.—National economic planning that will increase production instead of limiting output is recommended by the Progressive conference committee on unemployment and industrial stabilization, in a report made public today. Senator Robert M. La Follette, chairman of the committee, laid the report before the senate manufacturers’ committee at its final hearing c n his proposal for re-establish-ment of a national economic council. The report was written by a subcommittee composed of J. M. Clark and J. Russell Smith, professors of economics at Columbia university; Edwin S. Smith, Boston economist, and George Soule, director of Labor Bureau, Inc., and the National Bureau of Economic Research, Slow of Achievement “A program of maintaining production is vastly more difficult than one of limiting output, and will take more time to show results,” said the report. “But it is the only program that deserves the name ‘national planning’ or planning in the interests of the whole nation, as distinct from planning in the interests of single industries. “The true objective of planning is not less production but more. It is not stabilization at any given fixed level, but regularized growth. It is the full utilization of our powers of production which are growing continuously, in order that our consumption may grow correspondingly.” The following more specific objectives were suggested as contributing to this end: Increasing the proportion of the income going to the majority in the lower income ranges. Raising the lowest wage rates which are inadequate to sustain a demand for the requisites of comfortable, hygienic existence. Higher Wages Urged Improving or eliminating the highest-cost concerns which often are responsible for the lowest wage rates. Making purchasing power more stable than the business activity from which it is derived by use of reserves or insurance against unemployment. Bringing about a desirable balance between productive equipment and demand. Stimulating other ways or using capital than wasteful duplication of existing facilities. Maintaining a balance between savings and expenditure of capital funds for plant, equipment and materials. Regularization of capital expenditures and of the flow of raw materials, intermediate products and finished goods through the various stages of production and distribution. Stabilization of price levels so far as is practicable, but not a price system pegged at certain points only. Systematic canvassing of the possibilities of latent as -well as actual demand. LAWBREAKER REFORMS Wabash Man Surrenders Still, Due to Minister. By Vnitcd rress WABASH. Ind., Dec. 21.—The sawdust trail accomplished for Herman Collins, 29, what police, county authorities and a grand jury had failed after several weeks’ effort. Collins was converted by a minister who aided his wife during an illness. Telling police, “I have reformed and have no further use for this stuff.” Collins surrendered a still and its accessories. He also confesssed numerous robberies of which police had suspected him. He explained, however. that he had made an agreement with all the persons he had robbed to repay. Many of them declared his confession was sufficient . payment, Collins said.

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Send These -HH Gifts By Air Mail! Or Tuck Them In As An Extra Remembrance In the busy rush of Christmas shopping you have probably forgotten someone far 41 way. Gifts that must be sent in a hurry. We are suggesting many things which are light in weight and can be air-mailed at small cost and will be sure to arrive in time.

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