Indianapolis Times, Volume 43, Number 237, Indianapolis, Marion County, 11 February 1932 — Page 6

PAGE 6

CHINESE NEARLY BROKE AS WAR CLOUDSJICKEN Battle Forces Cost Three Times as Much as Toial Revenue. BY' WILLIAM PHILIP SIMMS Scripps-Howard Forrlrn Editor WASHINGTON, Feb. I.—lnvaded, in peril of partition, on the verge of bankruptcy and floundering in political chaos, China may have to submit to something akin to international receivership as the price of salvation. China, the writer learns, may appeal to the League of Nations as Austria did in 1922, for a helping hand in a thoroughgoing reorganization of her finances, health and public services, national defense and general reconstruction activities, Austria was compelled to take this step to avoid collapse shortly after the World war. Dr. Zimmerman, burgomaster of Rotterdam, was appointed commisisoner-general by the league, and as such was virtually dictator until the new republic's affairs were put in order. War Adds Cost From Chinese sources it is revealed that the national receipts now total only $6,000,000 a month, about one quarter of what is required. Even normal needs foot up to $22,000,000 a month, and now there is a war on. There is, therefore, a monthly deficit of *16,000,000 in the most critical hour in the history of the Celestial republic. China’s military expense alone, I am informed, amount to $18,000,000 a month, or three times available revenues. It is only by short term advances, mostly from patriotic Chinese in Shanghai, that the government is able to carry on, even in this hand-to-mouth fashion. These factors are regarded as having something to do with Japan’s thundering warships at Shanghai. China’s chief sources of revenue are her customers and salt taxes, and Shanghai and the Yangtze valley provide most of these. The major portions of the customs and salt revenues are earmarked for services on the $800,000,000 government bonds issued during the last few years. Must Reduce Army Bondholders in China have warned the Nank ing government that unless the country's best brains and most experienced business men are mobilized and charged with the task of planning and supervision, no effective economic rehabilitation will be possible. Habitually for years the bulk of j the national revenues have been swallowed up by civil war. Little, if anything, can be done to put China’s house in order as long as a dozen war lords continue to gouge the people for funds with which to maintain personal armies. There are now approximately 2.590,000 men under arms in China. Yet there is no national army worthy of the name. There are a dozen armies, each war lord main- j taining one like medieval barons of ! old. Demobilization of these troops and the formation of a much smaller, yet more efficient, national j army, is regarded as imperative if China is to survive as a nation. Funds, Plans Needed Eventual partition is seen as inevitable if these “paper tigers,” as the Chinese call their self-appointed j war lords—can not be tamed and made amenabl eto a unified, mod- ] ernized central government. China’s excess soldiers, however. ! can not be gotten rid of simply by ! mustering them out. That would j mean adding to the already vast number of bandits by just that j many. Some, it is said, must be hand-picked to form a federal army and the rest put to work on a na-; tionai program of road building, ! flood control and so forth, under ■ the supervision of experts. But all this requires funds, plus unified, constructive planning. And j adequate funds are not to be had under existing conditions. China , must do as Austria did and invite international co-operation if loans are to come her way.

ROAD COST CUT TO BE FORUM SUBJECT Tax Survey Committee to Hold Open Discussion on Problem. Road cost reductions will be up for public discussion at the second open session of the Indiana tax survey committee at the statehouse, Feb. 25, it was announced today by Chairman J. Clyde Hoffman. Hoffman urges that all interested citizens attend and offer any suggestions that they may have regarding this matter. On March 10, the last three public hearings on the general subject of curtailment of governmental expenditures will be held. Subject to be discussed is public schools cost reduction.

STOP BAD BREATH Thousands of people afflicted with bad breath find quick relief through Dr. Edwards Olive Tablets. The pleasant, sugar-coated tablets are taken for bad breath by all who know. Dr. Edwards Olive Tablets act gently but firmly on the bowels and liver, stimulating them to natural action, clearing the hlood and gently purifying the entire system. They do that which calomel does without any of the bad after effects. Olive Tablets brings no griping pain or any disagreeable effects. Dr. F. .'!. Edwprils discovered the formula after 20 years of practice .•mm iik' patients afflicted with boweJ nnd liver complaint, with the attendant bad breath. Olive Tablets are purely a vegetable compound: you will know them hy their olive color. Take niirhtly for a week and note the effect. I.V, >Oe. 60c. —Advertisement.

THE INDIANA TRUST CO. PAYS Interest on Savings wkK.m r.... $2,000,000

BELIEVE IT or NOT

3ohm brqWin aSolitaire m f 'Jjjli IS* Perfect Uusb&rul, ~ ■

Following is the explanation of Ripley’s “Believe It Or Not” which appeared in Wednesday's Times: A Monkey in a Teaspoon—A tiny monkey (pigmy >Tnarmoset), recently exhibited in the London zoo, is so small that it can be carried conveniently in an ordinary

TOW-IN LAW NETS CITY $1,152 PROFIT

More Effective Than Old Sticker Ordinance, Says Police Chief. The city of Indianapolis profited to the extent of $1,152 in January from operations of the police tow-in trucks, it was reported today by Police Chief Mike Morrissey and Traffic Captain Lewis L. Johnson. This sum of money was paid by owners of 576 cars towed to a contract garage from alleys, in front of fire plugs, theater and hotel entrances and other prohibited areas. Owners of thifty-nine other cars towed in avoided payment of the tow-in fee by reason of court verdicts and errors, it was stated. Effectiveness of the tow-in ordinance was pointed to by Morrissey, who said that the city collected from 576 out of 615 motorists whose cars were towed in, while the city collected only $741 from stickers, although 5,750 stickers were issued during the month. The report stated that 368 “first offenders” and one second offender paid sticker fines; 568 stickers were ignored and were turned over to the prosecutor; 615 were used on cars towed in; ±.109 were placed on out-of-town cars and fines could not be collected, and 563 gave wrong addresses or have moved since obtaining their automobile license. Os the remainder, 914 were issued to vehicles owned by firms and corporations, in which case police must be able to prove who was driving the car, in order to prosecute;

♦ Famous Berlin Physician * Advises Eating Fresh Yeast *

lllkx v ’ noted authority on constipa-

Read what this DOCTOR says! He’s telling you how to treat an extremely unpleasant evil—lntestinal Fatigue!

ONE of the best-known physicians in Europe is speaking ... Prof. Dr. Georg Peritz, for 17 years physician in-chief of the most celebrated clinic in Berlin: "To relieve constipation and aid digestion, drugs are often used. But they irritate the intestines. The system soon becomes so used to them that they lose all effect. "With yeast it is entirely different. Fresh yeast revitalizes the muscles of the intestines. Easy movements

Eat FLEISCHMANN’S YEAST for Health

On request, sent with stamped, addressed envelope, Mr. Ripley will furnish proof of anything depicted by him.

teaspoon. Its tail is three times the length of its body and it weighs less than a pound. The Railway Entrance to Langres—The fortified city of Langres, department of Haute Marne, France, is perched upon a prom-

226 were unaccounted for and 282 canceled, or “fixed.” The traffic department arrested 349 motorists on speeding charges, 68 for reckless driving and 373 for other traffic offenses during January, a total of 690, Johnson reported. LUPTON PRESIDENT OF EMPLOYERS’ SOCIETY Andrew Allen Again Is Secretary of Group. Marshall D. Lupton, vice-presi-dent of the Beveridge Paper Company and president of the Indianapolis Church Federation, was elected president of the Associated

Employers of Indianapolis Wednesday night at a meeting of directors at the Severin. Other officers named: Edward W. Harris, president of Hamilton-Har-ris & Cos., first vice - president; Thomas A. Elder, secretary of the Electric Steel Castings Company, second vice-presi-dent, and J. Edward Stilz, secre-

Lupton

tary-treasurer of the Kiefer-Siew-art Company, treasurer. Andrew J. Alien was renamed to the secretary-managership of the association for the twenty-ninth year.

■■BP*' P* 1 . of Dr. Peria's owo statement, not OT fresh yeast yourself, as he MHHB ... r....A\ Y' ,V C 1932. Standard Brand* Incorporated

result... The tongue becomes clean; the head clears . . . skin troubles, such as pimples and furunculosis (boils) disappear.” If you really w>ant to get rid of constipation, try eating Fleischmann’s Yeast! Just give it a thorough trial—for several weeks at least. Then check up. See if you haven’t greater energy, a better appetite and digestion, a fresher, clearer skin. All grocers have Fleischmann 's jS-

THE INDIANAPOLIS TIMES

K V K**t*er* C. B I I I. Patent Offtc# RIPLEY

ontory rising to a height of 1,550 feet, so precipitous and sheer in the midst of the plain that the railway is unable to make the ascent. Final stage of the journey to Langres is accomplished by means of a cable railway (chemin de fer a cremaillere). During the World war, the American base hospital No. 53 was station at** Langres. A Grave Digger Who Never Dug a Grave —Michael Norris has been listed in the city record of Boston as grave digger at the old Granary burying ground. The grounds are the final resting place of such people as John Hancock, the parents of Benjamin Franklin, Paul Revere, while a bronze tablet on the entrance gate commemorates the victims of the Boston massacre, but no longer are used for burial. Norris, the “grave digger,” spends his time grooming the grass plots and caring for the trees. Friday—The man who voted six times at one election.

DOPE FOR YOUR CHILD? No—certainly not. Stop children’s coughs without resorting to dopedrugged cough syrups. Smith Brothers’ Triple Action Cough Syrup contains no dope, no drugs. Nothing to upset the stomach. It’s SAFE .

Yeast—also restaurants and soda fountains, and every cake is rich in health-giving vitamins B, G and D. Just eat 3 cakes a day, regularly, as directed on the label. Get rid of constipation and get back true health. Try yeast today! IMPORTANT— Fleischmann’s Yeast for health comes only in the foilwrapped cake with the yellow label. It is yeast in its fresh, effective form kind famous doctors adviset

At

—3 Cakes a Day

U. S. FINANCIAL SYSTEM CALLED TOTAUAILURE Reorganization Is Needed, Farmers Are Told by Chicago Expert. “The whole financial system of the United States should be reorganized,” asserted Edward A. O’Neal of Chicago, president of the American Farm Bureau Federation, speaking this afternoon at the annual meeting of the Marion County Farm Bureau in the L. S. Ayres & Cos. auditorium. “Our financial system,” said O'Neal, “has failed us in our time of stress. We must have an honest basis of credit and not the so-called liquid assets, which have proved failures.” O’Neal assailed the reconstruction finance corporation, asserting that it can not accomplish much if it is controlled by the bankers who already have demonstrated “that they don’t know much about money and credits.” Uphold Golden Calf “They insist that we worship the golden calf,” said O’Neal. “They want to uphold the gold standard. They tell us farmers we don’t know anything about money and credits, but I don’t think they know very much about it themselves. “It seems funny, too, that in providing for the expenses for the Reconstruction Finance Corporation, congress should take the funds out of the portion that has been set aside for the use of agriculture. We farmers always have t® pay the bill, in the last analysis, it seems.” Explains Farm Program O’Neal explained the legislative program to which the Farm Bureau, the Grange, and the Farmers Union, are giving their united support. The program embodies six issues, including amendment of the agricultural marketing act, tariff adjustment for the benefit of agriculture, revision of the federal taxing system, a curb on speculation in farm commodities, Phillippine independence, and stabilization of the monetary system. The farmers must get equality under the tariff act, O’Neal said, pointing out that the prices farmers get for their products now are 48 per cent below the pre-war level, and the prices they pay for things they must have are 21 per cent above the same pre-war level. “Coming Over Walls” “How can gold be a medium of exchange when most of the countries of the world have no gold?” asked O’Neal. “So many countries have gone off the gold standard that it is proving far more effective than any tariff they could have devised. A gold standard country can

NEW YORK LIFE INSURANCE COMPANY 51 MADISON AVENUE, NEW YORK, N. Y. A MUTUAL ORGANIZATION, FOUNDED IN 1845 INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK 87th ANNUAL STATEMENT, DECEMBER 31, 1931 ASSETS (itemized below) $1,890,144,880.69 LIABILITIES (itemized below) $1,770,472,137.51 EXCESS OF ASSETS OVER LIABILITIES (General Contingency Fund) . . $ 119,672,743.18 - ■■■ ■■ 1 - ♦ - DIRECTORS . ASSETS P oYTotal JOHN E. ANDRUS Tbi ArUagtVa chemical Cos. . Cash on Hand or in Bank . $ 9,792,153.75 .52 Nathaniel F. ayer United States Government Bonds . . 47,531,980.91 2.51 Treasurer, Cabot Manufacturing Cos., Textiles Statfe, County and Municipal Bonds 115,177,905.97 6.09 Public Utllit y ßonds 151,189,300.14 8.00 MORTIMER N. BUCKNER _ „ , „ , „ chairman of the Board, Railroad Bonus • •••••....••••• 383,112,490.26 20.27 New York Trust Company thomas A. buckner Canadian Bonds (Dominion, Province, City, etc.) 38,381,749.63 2.03 President, New York Life United Kingdom of Great Britain & Ireland Bonds 4,984,694.80 .26 NICHOLAS MURRAY BUTLER ~, __ President, Columbia University Other Foreign Bonds 2,179,464.57 .12 Charles A. cannon Preferred and Guaranteed Stocks 62,402,545.00 3.30 CALVIN COOLIDGE Real Estate Owned (including Home Office) . . . 37,777,895.52 2.00 Former President of the united states First Mortgages on City Properties 547,233,154.68 28.95 C S.'.26™ First Mortgages on Farms 26,003,152.14 1.37 E.-Secctli, ol (fie Tre.airy Policy Loans 379,479,403.29 I 20.08 WILLIAM H. DANFORTH Interest and Rents Due and Accrued ‘ 31,938,020.47 1.69 Chairman of the Board, _ Raiston-Purina Cos. Other Assets 33,167,389.65 1.76 JAMES G. HARBORD Chairman of the Board, Radio Cor - Total $1,890,144,880.69 100.00 poration of America; Former MajorGeneral, U. S. Army (In this statement, bonds not subject to amortization and all stocks are valued at market CHARLES D. HILLES quotations as of December 31st.) Resident Mgr., N. Y. State Employers’ Liability Assurance Corp. HALE HOLDEN _ taott ttipo Chairman, .Executive Committee, L 1 A D 1 L 1 1 1 b O Southern Pacihc Cos. Jr ’ Reserves —For All Contractual Obligations . . $1,698,495,195.70 Former u.s. Solicitor General For Dividends Payable in 1932 .... 63,210,338.00 ALBA B. JOHNSON _ _ ’ ’ Philanthropist, Former President lOL 13XC8 ...... ........ 6,463,925.07 Baldwin Locomotive Works PERCY H. JOHNSTON Other Liabilities . 2,302,678.74 Chemical Bank A Trust Cos. Total Liabilities $1,770,472,137.51 W ILLARD v. king General Contingency Fund 119,672,743.18 Retired Banker, 9 . Trustee, Columbia University _ . ~ _ DARWIN P. KINGSLEY Total $1,890,144,880.69 > Chairman of the Board, New York Life * -■ —■ ■ ■■ ■ —■ GERRISH H. MILLIKEN Deering, Milliken A Cos., fr7nk“pres"brey POLICY PAYMENTS AND INSURANCE STATEMENT Frank Presbrey Cos., Advertising JOHN J. PULLEYN Paid to Living Policyholders (Including Dividends) . . . . $156 096 109.08 ZZ'Z Paid to Beneficiaries in Death Claims 71 487 826 31 GEORGE M. REYNOLDS .... o,io/,ofio.oi Chairman of Executive Committee, ■— ' —— J C °BARSTOw"sMU.r T ANARUS"““ T ° tal Paid *° Polic y h ° ,ders and Beneficiaries in 1931. . $227,583,935.39 Vice-Pres., J. H. Winchester A Cos.; 1 ■■ -■ ■ Pres.,N. Y. State Chamber of Commerce ___________________ JESSE ISIDOR STRAUS President, R. H. Macy A Cos.. Inc. New I nsurance p a i<j f or J n 1931 000 00 RIDLEY WATTS . or?chemical Bank a Trust Cos. Insurance in Force December 31, 1931 $7,657,373,158.00

But No Desert By United Frets CHICAGO, Peb. 11.—Not a soul lives at the center of population of the nation’s second largest city. Statisticians figured out that the population center on the basis of the 1930 census was the intersection of Polk and Halstead streets. On one comer is a restaurant, on another a vacant store, on the third a meat market and on the fourth an uninhabited par'. of Hull house.

not hope to produce goods in competition with nations which no longer maintains the gold standard. “Goods are coming in over our tariff walls, and if we don’t watch out, they will put American industry and agriculture out of business.” O'Neal's address was the feature of the county farmers' annual meeting here. Walter Shearer, chairman of the county farm organization, succeeded in bringing in leading farmers from all parts of the county to hear O’Neal. The coffee fly of Guatamala has been found to cause the spread of tumurous growths on the heads of native Indians.

They Told Him He'd "Never Be at the Office This Morning Eating, Drinking Unwisely, Smoking So Much Last Night

YET... No “Acid Headache* \.. No IJpset Stomach This Morning A k'Don’t overindulge don’t drink unwisely.” w. SIMPLEST* and (Mil EASIEST way to avoid FEELING M “¥aKE—2 tablespoons in a glass of water before bed. of water with the juice of a whole ORANGE when you get up.” Y Vv Or take six Phillips’ Milk of Mag- jSMnesia tablets, which give an equiv- Jm alent amount of Milk of Magnesia. tralizes the excess aciifs in your stomach and alkalinizes its con- TWO FORMS NOW AT STORES tents, sweetens them; banishes head-.ches and SOUr Stomach. 3 You can now get genuine jgsr\ , D ff and PWMPC Milk “STS Jfl£& OI Ivlcign6Sia, cither the 1 icjuici ordinary liquid form. form or the new, convenient tablets. , Eacb tablet is the enuiva- S>^^La lent of a teaspoonful of tPHluips _____ Milk of il>^ril PHILLIPS’ m Milk of Magnesia &££ J Neutralizes the acids that cause “Acid candy. Headaches” and Sour Stomach within 15 minutes after taking! L———._________________

RAN ON PRISON GOODSLOOMS State Suffers Setback in Meier Company Suit. Sale of convict-made goods, except to state instiutions, by state prison trustees may be curtailed if a decision of Superior Judge John E. Kem is allowed to stand. Judge Kem Wednesday overruled a demurrer of AttorneyGeneral James M. Ogden in the complaint of Lewis Meier and Company, Indianapolis, in a prison goods case. The case, involving the question of whether the state can sell prison goods in competition with private business, however, is at issue and may come to trial. Judge Kern held that private concerns had good cause for complaint. The Meier company, manufacturers of overalls and workmen’s clothing, alleged that only about 10 per cent of goods manufactured at the Indiana state prison is sold to state institutions. It is contended that only “an unavoidable surplus” of prison goods

FEB. 11, 1932

should be sold on the open market. State prison trustees argued that the court had no right to interfere with trustees, who “are required to keep convicts employed at hard labor.” The Meier company further alleged that the state was competing unfairly with private concerns and indirectly affecting private labor. Convict goods are sold at much lower prices than the plaintiff can allow, the suit charged. Hooslers Leave China By United I’rest WASHINGTON, Feb. 11.—Included among the American citizens which the state department announced have evacuated Nanking were Miss C. Carl, Peru, Ind., and Mr. and Mrs. L. H. C. Smythe, and a child, Gary, Ind.

suffering. Ouard against J pain nervousness and stretching of the skin and tissues, often preventing abdominal disfigurement. First prescribed by a doctor. Now time-tested for 60 years. Highly recommended by users, many doctors and nurses. Mother's Friend Is applied externally. It may be secured from any druggist In the Inexpensive $1.25 size. For your own sake that of your dear baby’s do try It. Mall coupon now for— trial sample—- ✓ orut helpful* booklet The Hradfleld Cos., U i Atlanta. Ga. / ; Please send me FREE f'\i Ji ; and post naid (under yy-Jp'f// plain wraooerst /our M 24-oaee Illustrated book in colors. “Things to Know Before Babv ItfjkjTflL Comes.” and a trial sample of Mother's Friend. <B) Name ............................./e,, Street or K. T. D.:. City State

Is It Your Liver?

“After reading a good many letters from different people who have been benefited by using Dr. Pierce's Golden Med ic a 1 Discovery, I also can say that I used it with bene-

■k -A- ■H

fit.” said Albert E. Goslin of 1623 So. I St., Elwood, Ind. “My liver was in bad shape, I tried a good many tonics before being advised to take the ‘Golden Medical Discovery’ and I am glad to say that I am surprised at the results. It has helped me beyond my expectations. I most heartily recommend it to others as I am absolutely certain it will do for them what it has done for me.” All druggists. Send 10c to Or. Pierce's Clinic, Orpf, 112, Buffalo, I*. Y„ for a trial package of Dr. Pierce’s Discovery