Indianapolis Times, Volume 43, Number 223, Indianapolis, Marion County, 26 January 1932 — Page 7

JAN; 26, 1932_

‘TAKE CARE OF aged: is plea OF COMMITTEE U. S. Chamber of Commerce ~ Recommends Pensions and Annuities. Retirement annuities and old age pensions have been recommended a committee of the United States Chamber of Commerce, personnel of which include representatives of business organizations with billions of dollars of capital, employing hundreds of thousands of men and women, it is revealed in an exhaustive report released by the chamber at Washington, Rcdfield Proctor of Vermont Marble Company, Proctor, Vt., was chairman of the committee, which Included Otto P. Delusc, president of the Western Furniture Company, Indianapolis, and the following: M A. Cudllp. vice president and secreiary, Packard motor Car Company Detroit; Ernest O. Draper, vice president. Hills Brothers Companv, New York; H. W. Forster, Brown, Crosby & Cos., Philadelphia; James W. Glover, Teachers Insurance and Annuity Asosciation, New York; Charles W Gold, president. Pilot life Insurance Company. Oreensboro, N. <~ : c. J Hicks, executive assistant to the president. Standard Oil Company of New Jersey: lerory A. Lincoln, vice-president arid general counsel. Metropolitan Life Insurance Company, New York; R. V. Massev vice-president, Pennsylvania railroad Phlladelnhia; John W. O'Leary, vicechairman of the hoard. Central Republic Bank and Trust, Company, Chicago; C. O. Sherrill, vice-president, Kroger Grocery and Baking Company, Cincinnati; Theodore Swann, president. Swann Chemical Companv. Birmingham. Ala., and Harold H. Swift, vice-president. Swift 00., Chicago. A thorough study and survey of the condition of dependent aged, and plans for relief and financial aid was made by the committee during the past year. By Special Committee ! The report of the group, designated as the special chamber committee on employes’ retirement annuities, reads in part as follows: “Regard for the personal interests of their employes, for the welfare of society in general and for efficient administration of their own enterprises should prompt employers to develop some method for aiding Jh providing for the financial security of their superannuated employes. “Insofar as state or municipal old age pension or relief acts make possible the more humane and more efficient care of the aged and impoverished citizens, such acts, when properly safeguarded by rigid eligibility requirements and restricted to the relief of indigent, serve a. valid social purpose and are not detrimental to the interests of American business. Problem Intensified , “The same conditions which led to the development of private company retirement plans, namely, the ! transition of the United States from I an agricultural to an industrial nation, and the increase in the proportion of aged citizens to the total population, have intensified the problem of old age relief. “There are in the United States approximately 6,000,000 persons aged 65 years or more. It has been estimated that between 25 to 30 per cent of these persons are without sufficient financial resources to maintain themselves at the minimum level j of subsistence.” Continuing, the report states that I old age pension laws are needed j despite annuities granted by cm-1 ployers, as many needy persons wpuld be left without help should ■ it be restricted solely to veteran i employes. The committee calls attention to ! the seventeen states in which old , age pension laws are in effect, slat- 1 ing that the earlier of these law's j are modeled after a plan indorsed by DEPEND 1M TO HEUEVE ITCHING ECZEMA Soothing, healing, invisible ZEMO is used in thousands of homes to bring relief from thetortureof itching, burning Eczema. ZEMO has been used for twenty years with remarkable I success to stop itching and draw the heat and sting out of the skin, and help clear away Rashes, Ringworm, | Pimples and other annoying skin or j scalp irritations. Extra Strength ZEMO especially adapted for chronic | cases. All Dealers. 35c, 60c, SI.OO, Extra Strength— sl.2s. —Advertisement. Want to Look Young?! The secret of keeping young is to J feci young—to do this you must watch your liver and bowels—there's ho need of having a sallow' complexion—dark rings under your eyes —pimples—a bilious look in your face —dull eyes with no sparkle. Your doctor will tell you ninety per cent of all sickness comes from inactive bowels and liver. • Dr. Edwards, a well-known physician in Ohio, perfected a vegetable compound as a substitute for calomel to act on the liver and bowels, which he gave to his patients for years. Dr. Edwards Olivo Tablets are gentle in their action yet always effective. They help bring about that natural JtUoyane.y which nil should enjoy by toning uit ihe liver and clearing the eySTcui of Impurities. * Dr. Edwards Olive Toblets are known bv their olive color. 15c, 30e, 60c.—Advertisement.

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Hittin ’ on Six By United Prt*s NEW YORK. Jan. 26 Charles Siegel holds anew New York record. He appeared in court in response to six summonses all served at once. Patrolmen said they found six automobiles parked illegally in front of a garage managed by Siegel. The case was postponed until Tuesday.

i the Fraternal Order of Eagles and j the American Association of Labor ! Legislation. The report will be submitted at the national convention of the chamber in May at San Francisco. Deluse, the only Indiana member of the chamber committee, is a past national president of the Eagles, and chairman of the order’s Indiana old age pension commission. In a statement today, Frank Hering, South Bend, outstanding humanitarian and leading old age pension advocate, who eleven years ago committed the order to that form of relief for old men and women, declared: ‘‘lt Is gratifying to me, as the chairman of the Eagles national old age pension commission, that representatives of America's greatest business organizations, have recognized the plight of needly old men and women, and recommends relief through annuities or pensions. I predict with full confidence that before the end of another ten years, every state in the union will have some form of old age relief.” Hering, collaborating with Conrad H. Mann, president of the Kansas City (Mo.) Chamber of Commerce, leading the Eagles’ effort to obtain enactment by congress of a bill creating a federal commission to stabilize employment. The Mil has been twice introduced in the house of representative Louis Ludlow of Indianapolis, first in Dec. 1930, and again in the present sessions.

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'ASKS BANKS TO RELEASE CREDIT ■TO HALT SLUMP Mills Believes Depression Can Be Ended by U. S. Financiers. | By United Prtntt NEW YORK, Jan. 26.—Ogden L. Mills, under secretary of the treasury, has urged American banks to stop the depression by establishing a free flow of credit. “The flow of funds into the banks must be reversed,” he told members of the American acceptance council here last night. ‘There is now,” Mills said, “a surprising unanimity of opinion that liquidation has proceeded beyond a beneficial point and that a healthy progressive recovery is possible, and of course, desirable.” He set the turning point as last October. To a “very great extent,” Mills said, the banks themselves can control the process by which they have been “destroying their own deposits” through calling loans and selling securities. There is every reason to believe, he argued, that if this process can be stopped and mere psychological troubles dispelled, “the foundation is now sufficiently firm to justify our vigorously addressing ourselves to the task of reconstruction.” The esence of the economic problem, Mills declared, is to “arrest deflation, to make available the credit needed by American business, industry and commerce, and to encourage its use.” “Such a program has taken definite shape. Its early operation is assured. There must be no holding back. We must press energetically

THE INDIANAPOLIS TIMES

Vehling Judge

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—Photo bv Bretzman. . Fred C. Gause Date for trial of Coroner Fred W. Vehling on a charge of soliciting a bribe will be set this afternoon by Fred C. Gause, former supreme court judge, who will be special judge in the trial. The coroner’s case was to have come to trial this week and state’s attorneys said they would seek opening of the case before Feb. 15. Defense attorneys are planning to ask further delay of the case. Gause indicated he would hear Vehling’s plea to the charge soon.

forward all along the line toward the attainment of these definite objectives. “The government is to begin byputting its own house in order. Through rigid economies and increased revenues we propose to bring the budget into balance in the sense that there will be no further increase after July 1 next, in the public debt.”

COURT BATTLE ! IMPENDS OVER PERRUCHODL City’s Annexation Move Is Protested at Township Mass Meeting. An appeal to the courts to prej vent the Indianapolis school city ! from assuming control of the newly 1 annexed Perry township grade school, near Hannah and Otterbein avenues, will be taken by township residents protesting the move. This was announced today by Omer Green, trustee, through his attorney, Edwin E. Thompson. Vigorous protests against annexation were registered at a mass meeting Monday night at the school. Three hundred persons attended. University Heights residents, who obtained passage of an annexation ordinance by the city council, engaged at the mass meeting in heated arguments with Perry township residents living outside University Heights. “Threats have been made that the city is going to take over the school at once,” Thompson said, j

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I He pointed out that township offlj cials want the transfer postponed : until the school term ends this spring. “This is the most damnable proceeding I ever heard of. It would disarrange the whole Perry township school system at this time,” asserted Thompson. L. O. Hannan, who led the fight for annexation, declared the transfer would be made according to law. It will be necessary for Perry township to erect another building for its own 383 pupils now attending the school when the school city assumes control. Thompson contends it w’ill be impossible to build before summer. A. J. Tilson, chairman of a township committee opposing the annexation, presided at the mass meeting. The disputed school was annexed by the city council on petition of residents of University Heights, which is a part of Indianapolis but which, prior to the annexation, had no school for its 160 children. These children were attending the township school. Trustee Green and city school officials disagree over the transfer fees paid by University Heights children to attend the township ! school, as compared with the fee charged for a number of township children to attend a city shcool nearer their home than the township school.

EXCURSION TO CINCINNATI $2.25 ROUND TRIP Sunday, January 31st Leave Indianapolis 5:10 A. M. Returning Leave Cincinnati. Central Union Station. 10:00 P. M., Eastern Time^^^

n I Ii kfjsjli I IL t Jm Wednesday and Thursday | 49 Pair of ,y Only—Women's *jß Full-Fashioned ■ DAVHII jgBW f A ft R PURE SILK I "I™" W ill I HOSE I BRASSIERES W/ H and Thursday to sB ■ Woimen B Merita sand Other j|| WOMEN’S I FABRIC W/jti PURSES 1 GLOVES f/f/l Slightly H while They Da t BB ggj al! heels. fu M FELT HATS W/7i 9 i High priced Hats of nice quality I Jr. wl u /If! * n assorted sizes. Re- || - H Misses’ and Children's SS SEWING I FELT HATS *#7^l I life ¥//} 1 6 Spools B Vft H 11 -Quart E Bottles W7Z\i 35c WATER I Peroxide W/fM 300 Pairs Women's BbT SHOEsy^jl Hnand \ H / scuffed from table IBi i iiU digp'ay, TWllffiffl WOMEN’S I 5,000 pairs ’KERCHIEFS I WOMENS f> jp SHELF BLOOMERS ■ PAPER F 4 and ■ DRESSES >1 2 for I PURE FOODS 1 f A \ ■ EGG NOODLES— I I I m l M & I y °- * can Veas— B H / m y. ■ sardines in kre -B_ B B W A M. ■ QDivK ■■B MtgM

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