Indianapolis Times, Volume 43, Number 285, Indianapolis, Marion County, 7 April 1932 — Page 9
Second Section
Mystery It Clings Closely Around Myron C. Taylor, New Steel Chief.
Mvron C. Taylor
By S EA Service BEHIND the rinsk where the late Judge Elbert H. Gary presided ever affairs of the United States Steel Corporation now sits an enigma to Wall Street. He is Myron C. Taylor, “the man nobody know’s.” newly elected chairman of the board of the steel company. Paradoxically, there is no mystery to the character of this man if one studies his eyes. They are keen and penetrating, hinting a formidable sternness to which his mouth, set like a steel trap, adds much. Tall in stature, strongly built and athletic looking, this new steel czar gives the appearance of a' football star, yet he never played a game in his life. To his friends, Taylor also is no mystery. To them he is a polished gentleman and somewhat of a social lion. This social standing began on the lower rung of the ladder and had much to do with the decision of J. Pierpont, Morgan to select Taylor as the man who could wear the social pumps as welt as the sevenleague business boots of Judge Gray. tt tt tt AS an entertainer, Taylor is without equal. His town home, his country estate situated on the site of the home of a colonial ancestor and his villa in Florence. Italy, are always the scenes of gatherings for leaders in the Park avenue register. Rut to business and the world in general, Taylor is noted for his aloofness. This characteristic has caused him to be dubbed another “mystery man of Wall Street." Yet his “mystery’’ is merely his desire to avoid personal publicity. The. loss of $300,000 worth of gems would cause any man to summon police aid, but Taylor, when his wife’s jewelry was stolen, demurred when it came to calling New York police, because he shunned publicity. ANY interviewer lucky enough to get an audience is faced with an ordeal. Those interviews are brief and replies to questions are laconic and terse. He thinks quickly and works fast and he sits behind a desk that is free from cluttered correspondence. Taylor belongs to the most exclusive clubs of New York. He is fond of boating, swimming, and golf—yet breaking par is still his ambition. He is a patron of art and music. He di'esses with sartorial correctness. Even a directors’ meeting requires a certain attire. And this has earned him a reputation for being among the best dressed of New York men. But there mush be-more‘than this to the man that was able to emerge alone from the steel triumvirate of J. Pierpont Morgan, James A. Farrell and Taylor. Today, he rules where three formerly ruled. atin BORN of wealthy parents in 1874, in Lyons, N. Y.. and descendant of colonial stock, Taylor was enriched not only with the wealth of his ancestors, but also with the mental and physical sturdiness of the Massachusetts pioneer. He was graduated in 1894 from the law school of Cornell university, to which institution he has given $1,500,000 for anew law’ school building. Following his graduation, Taylor moved to New York, where he practiced law’, only later to turn his attention to the textile industry from which his family had amassed most of its wealth. He later turned to banking and those industries financed by the Morgan and Baker interests. In 1906 he married Miss Annabel Stevens Mack. They have no children. In 1927 Taylor was named chairman of the powerful finance committee of the United States Steel Corporation, immediately occupying the office of the late Judge Gary, whom he later was to succeed. INDIANS ENTERTAINED Indianapolis Club Guests at Caravan Group LuncheonMembers of the Indianapolis ball club were guests of the Caravan Club at the weekly luncheon in Murat temple today. Harry Geisel, umpire, was a guest. A. B. Good. Caravan president, was master of ceremonies. DRAFT CHURCH BUDGET pisciples of Christ Commission Nears End of Session Here, Annual budget of the Disciples of Christ church was to be completed this afternoon by the international commission on budgets and promotional relationships in session at the Sb arm i
Full Leased Wire Servlea ®.- tba United Pre> Aaiociitios
WHITE JURY IS DARROW’S AIM IN HONOR CASE - Defense Lawyer Sifts Out Hawaiians in Honolulu Death Trial. COLOR LINES DRAWN State Battles to Thwart Clever Schemes of Famed Attorney. BY DAN CAMPBELL United Press Staff Correspondent (Coovrfuht. 1932. by United Press* HONOLULU, April 7.—Defense and prosecution fought today over a jury to try four Americans accused of an “honor’’ murder that had its origin in the undercurrents of. racial enmity. Three score talesmen parading through the jury box w’ere a crosssection of the polyglot peoples who must decide now between vengeance for a slain native youth and vindication for the whites before the bar of Hawaiian justice. Quick to grasp the fundamentals of a battle through which “color lines” inevitably were drawn, Clarence Darrow bent every resource of the defense to win a jury of whites. With as many peremptory challenges as the defense. Public Prosecutor John Kelly parried Darrow's ironic thrusts about “intelligent jurors" and strove just as hard to seat veniremen of mixed blood. Jury to Be Mixed As the fourth day of jury choosing began, it appeared a panel on which not more than half the members are white will try Mrs. Granville Fortescue, New York society matron; her son-in-law, nervous little Lieutenant Thomas H. Massie, and two sailors, E. J. Lord and A. O. Jones. They are charged with shooting to death Joe Kahahawai Jr., bushyhaired young Hawaiian giant, after he and four other islanders had been tried on charges of attacking Mrs. Thalia Fortescue Massie, daughter of Mrs. Fortescue and wife of the navy officer. The attack jury disagreed. Sensing that mere peremptory challenges of mixed-blood talesmen would get him nowhere as long as prosecutors continued excusing the whites, Darrow suddenly changed his tactics to those of a schoolmaster. Seeks to Confuse Talesman He fired difficult questions at the Chinese, Japanese, and part Hawaiian “prospects” in an attempt to determine their mental fitness to serve. After one difficult session, harsh-voiced Circuit Judge Charles S. Davis confessed to doubts that K. Kealcha, Hawaiian stevedore, had “education and intelligence enough.” At Darrow's barking insistence, Kealaha had defined “reasonable as “one you can depend upon” and “guilty” as “it means it’s wrong.” "We know down hero that a boy like this has ideas, but can't express them like a learned person,” protested Kelley. “Do we have to be mind readers?” cried Darrow impatiently. Through the first panel of twentyfour, another of fifteen, and the third of twenty, the endless contest tvaged. When court convened today the jury box held Kam Tai Lee and Cheong Jay, Chinese; Willie Beyer, German, Honolulu’s “potato chip king;” Edward Goeas and Francis Rosehill, partHawaiian; Charles Akana, Japanese; Bernard Stevens, Hawaiian, and Olaf Sorenson, Shafford Waterhouse, Douglas Cooke, Charles H. Strohlin and B. H. Eveleth, whites. Mrs. Fortescue Cheerful Shadows of doubt and worry that lined the face of Mrs. Fortescue during the first days of the trial disappeared today. Appearing in a light blue silk dress in place of a wine-colored suit, the middle-aged society matron seemed changed in temperament as well. Seated beside her son-in-law. Lieutenant. Massie, and her brother, Robert Bell, her composure coij* trasted with their downcast demeanor. Mrs. Fortescue has watched with sidelong glances the jury box. W’hich changed color with the ease of a chameleon: at almost every challenge by opposing attorneys. Bell, with his sister, a member of the family of Alexander Graham Bell, inventor of the telephone, was as nervous as Lieutenant Massie, although" the latter controlled his feelings better. Bell sat biting his fingers.
TELEPHONES MADE RADIO RECEIVERS
BY THOMAS B. MORGAN United Press Staff Correspondent fCoDvrieht. 1932. bv United Press) ROME, April 7.—Senator Guglielmo Marconi told me today how he had developed an invention which will enable a user of an ultra-short wave two-way radio apparatus to communicate with any telephone subscriber within 100 miles. I talked to Marconi over an ordinary telephone line between Rome and Santa Margherita, in northern Italy, where he just had finished successful experiments with his new invention. The new development should not be confused with ordinary short waves, Marconi said. It uses ultrashort waves of 52 centimeters (20.4624 inches) of much greater frequency than any now used. Normal short wave communication today is from five to 200 meters. The Marconi invention permits use
The Indianapolis Times
Won’t Go Home
Russia's loss will be France's gain if dark-eyed Vera Verounina (above), succeeds in winning naturalization as a French citizen. Once selected as the most beautiful girl in Moscow, she recently has been appearing in French and German films. Now she is reported to have refused flatly to obey orders to return to native Soviet Russia.
WOMEN HURT IN CAR CRASH Auto Turns Over in Mishap at Downtown Corner. Two women were injured Wednesday night when an automobile in which they were riding struck another machine at Capitol avenue and Ohio street. The injured, who were treated at city hospital, are Mrs. Milton Kintz, 40, of 250 North Pershing avenue, and Mrs. Steven Dolezal, 42, of 226 North Tremont avenue, whose husband was driving the car in which she and Mrs. Kintz were riding. The other car was driven by Claude E. Zike, 45, R. R. 7, Box 123. He was accompanied by his mother, Mrs; Mary L. Brown, 67, same address. Zink said he was blinded by lights. Dolazel's auto turned over. A slight, head injury was suffered by Mrs. Tandy Williams, 38, of 543 Vinton street, when the automobile in which she was riding with Oscar Smith, 29, Maywood, was struck by a truck in the 200 block, Kentucky avenue. The truck was driven by Claude Mathews, 35, of 2177 Wheeler avenue. Condition of three persons injured in auto acidents Wednesday was reported satisfactory today. Ralph B. Blaine, 28, McKeesport, Pa., a hitch hiker, was injured when an automobile driven by Guy R. Sears, 24, Seventy-third and Meridian streets, in which he was a passenger, collided with a car driven by Levi Belton, 34, Negro, 705 North Senate avenue, at Meridian street and Fall Creek boulevard. Sears was arrested on a charge of disregarding a traffic signal.
MAP G, lIP. PLANS Final Details Arranged for Editorial Session. Final arrangements were made today for the two-day meeting of the Indiana Republican Editorial Association Friday and Saturday. High spot on the Friday program will be the gridiron banquet at the Columbia club when Republicans of all degree will be “roasted.” Earl Coble, Redkey editor, will preside and the program has oeen arranged by Appellate Judges E. E. Neal of Noblesville and E. Q. Lockyear of Evansville. Patrick J. Hurley, secretary of war, will be the principal speaker at the love feast Saturday night at the Claypool. An office to handle dinner reservations has t een opened at the Claypool with Ed Hancock, Greensburg editor, in charge. Hurley has notified Neil McCallum, secretary of the association, that he will fly to Indianapolis Saturday. A squadron of army ships from Ft. Benjamin Harrison and the national guard will escort Hurley’s plane to the fort where the reception committee will be assembled.
of a wave little longer than one-half meter. Marconi said the apparatus would not be affected by atmospheric conditions and that it would eliminate static. Objection to normal short wave communication is based on fading believed due to atmospheric conditions. He hoped that his voice eventually would come in as clearly over the radio-telephone service as it did to me over an ordinary telephone line. “I think this new apparatus will communicate with any telephone subscriber within a radius of 100 miles,” he said. •‘This should be true even of isolated and country districts. ‘‘The apparatus can be carried in an automobile, on trains, buses, yachts and coastwise steamers, which thus will have practically unlimited communicajtion.” Marconi said the apparatus was not yet but that it could be made so easily.
INDIANAPOLIS, THURSDAY, APRIL 7, 1932
BONUS BENEFIT TO 0. S., CLAIM OF CHAMPIONS Billions Put in Circulation Will Spur Prosperity, Advocates Say. OPPOSED IN WALL ST. Bill Would Cheapen Money, View of Bankers in New York. By United Press WASHINGTON, April 7.—Advocates of full payment of the soldier bonus are basing their fight on the argument that it would have a sound and beneficial effect on the whole nation. They claim that the $2,000,000,000 of new money the bonus would put into circulation would restore commodity prices and revive a degree of prosperity. Senator Thomas (Dem., Okla.), who has a bill in the senate similar to the Patman measure in the house, has returned from a visit to New York, where he discussed bonus legislation with leading bankers. “I eariy discovered that economic legislation was not written in Washington,” Thomas said. “It is written in Wall Street, and if the leaders there approve it, congress puts its rubber stamp on it. So I went to New York. More Money Needed “Governor Harrison of the federal reserve bank agreed that the country needed more money In circulation, but claimed that the federal reserve board was putting it in circulation by building government bonds. I showed him that it was not putting it in circulation fast enough. “Other bankers, recognized as the brains of Wall Street, think the bill will cheapen money. Others think it will interfere with their control over the money market. “If we can raise commodity prices I am for the bill—and they all admit it will raise them.” Benefit, Says Patman Representative Patman (Dem., Tex.), house leader of the bonus advocates, is convinced that “all we have to do is show the people that the payment of the bonus will benefit the country.” He questioned the accuracy of statements by National Commander Henry L. Stevens of the American Legion that only twenty-three legion posts are for the bill. “Literally hundreds are for it and the rank and file of the legion are for it,” he said. Request Parley Here By Lnitcd Press OKLAHOMA CITY. Okla., April 7—Twenty-two state American Legion departments have been invited by the Oklahoma organization to meet in Indianapolis on April 15 to decide the legion’s attitude on the bonus questionHenry L. Stevens, national legion head, who told President Hoover that only twenty-three posts favored immediate payment of the adjusted service certificates, misinterpreted action of the organizaiton at Detroit convention, according to Milt Phillips, Oklahoma state adjutant, and Commander T. P. Gilmer. If fifteen states accept the invitation, the national committee will meet, they said.
New York Post Assailed By United Preng NEW YORK, April 7.—Maurice Stember, New York state adjutant of the American Legion, said today that Willard Straight post will be subject to severe censure and possible suspension of its charter, because of its statement opposing the bonus bill and attacking the Legion’s Washington representation. "The statement was out of order, unnecessary, and erroneous,” Stember said.’ "Willard Straight post always has been out of step with county, state and national organization. To my knowledge it never has participated in any activities of the legion. “The post is without sympathy or knowledge of the needs of disabled veterans, their dependants, and widows and orphans of diseased veterans, because it never has contributed anything in any shape or form toward their relief or welfare.” Comments on Bonus Bill Comments of prominent men on the bonus argument, given out today, follow: Henry L. Stevens, national commander legion—Members of the American legion are backing up their national convention in opposition to any bonus legislation at this time. Only twenty-three posts have kicked over the traces. Sidney Howard, noted playwright —ln these hard times, I can see no reason for loading this burden on the government. American soldiers were well paid for their part in the war. Major-General John P. O’Rya;*— I agree with Commander Stevens as to untimeliness of attempt to push through this measure. Dr. Edmund Prince Fowler, commander Caduceus post, New York I am against bonus payments to war veterans at any time, because it serves to degrade patriotism. Major-General Paul B. Malone, commander Third corps area—l am opposed to the bonus bill. It is a patriotic duty on the part of the men who served their country so gallantly in the World war to render one more evidence of their enduring patriotism. 50 Drown in Transylvania Floods By United Prest BUCHAREST, April 7.—More than fifty persons were reported drowned today in Transylvania floods which had- disrupted railway lines and other communications.
City’s Master Clocker Keeps tThousand Timepieces ‘On Dot *
BY ARCH STEINEL ONE THOUSAND clocks were one second fast on March 15, 16 and 17. Then for eight days after that those one thousand clock were on time. How’d we know? Well, no Hindu swami, numerologist, or phrenologist told us. But if you just must know, then grab an elevator and scoot up to the ninth floor of the Guaranty building and ask for L. F. McCall in the operating department of the Western Union. McCall knows those thousand clocks were fast on the day mentioned because he’s their ManFriday—every day. He’s the town's “master-clocker.” He sees to it that Friend Husband’s biscuits are on time and that Flossie Flirt clicks the automatic timekeeper on the dot in the hosiery mill each morn. a a a M'CALL is guardian of the clock that fathers all the other timepieces of the city that say “Naval Observatory Time Hourly by Western Union.” It's his job to check daily between 10:57 and 11 a. m. his master clock to see that it is operating on the dot. The exact time is ticked by telegraph to McCall at that time daily and he checks the time with his master clock. If the master clock is one second slow or fast, he sets it and, in setting the master clock, he sets 1.000 other clocks that operate from it. Throughout a year’s time, the master clock will not vary more than one second, fast or slow, tt n it “T TEAT and cold affect the XT. master clock and cause it either to gain or lose time,” McCall explains. Despite the fact that this “clocking”’ the town is McCall’s job, he's like the barber who never gets a haircut —his alarm ticker at home isn’t reliable. “And do I carry a watch? I should say not. I don’t need to when I have this big yokel to carry me through,” laughs McCall, as he makes his daily time check on the Tick.” Next: The woman who knows her eggs and candles thousands of them.
RAPS BANK HOARDING Watson Asserts Credit Must Be Made Easier. Bankers of the nation were taken to task for failing to “loosen up” and help return of prosperity, by Senator James E. Watson, speaking at the Indianapolis Real Estate Board luncheon Wednesday. Watson appeared before the board | to discuss progress of the home loan bank bill, which he sponsored in the senate and which the realtors are backing wholeheartedly. The bill would set up a banking system comparable to the federal reserve system, to rediscount small home loans. “The anti-hoarding campaign to get the people to put money in circulation is all right,” he said, “but I think the time is coming when hoarding by the banks should be taken up. “I hope the bankers hurry up and get over their fear, and let people have money for legitimate purposes, on legitimate security. “To restore prosperity, we must loosen up credit and put more money in circulation. I am a standpatter, a conservative, but I think this country could stand a little inflation.” GOVERNOR LESLIETS 54 Executive Showered With Flowers, Messages of Congratulation. Governor Harry G. Leslie celebrated his fifty-fourth birthday Wednesday by spending a busy morning at his office and the greater part of the afternoon and the evening with the family circle at the executive mansion. Flowers and messages of congratulations were received by th; chief executive both at the statehouse offices and at home.
SHE FIGHTS WAGE CUTS
‘Unsound, ’ Says Woman Mine Operator
BY RICHARD C. WILSON United Press Staff Correspondent LOS ANGELES, April 7.—A Vassar graduate whose unique methods of operating her large Colorado coal mining company have upset business theories of that industry today decried wage cutting as an unsound business practice. In the five years since Miss Josephine Roche, Vassar, class of 1908, inherited control of the Rocky Mountain Fuel Company from her father, she has built the firm into one of the most successful in the industry. Not -infrequently her ideas have been ridiculed by competitors —until she demonstrated their soundness. “Eighty-five per cent of the purchasing power of this country comes from wage earners and farmers,*’ the quiet spoken “boss” of 650 miners said today. "Therefore, economic recovery is retarded every time wages are cut. When we diminish purchasing power we eliminate many potential purchasers. Now more than ever, we need utmost purchasing power.” MISS ROCHE declared lack of planning has caused salary cuts. She outlined some method used by her company. “We solicited, and received, the co-operation of the workers in expanding our markets. Our pro-
Odd Jobs—-No. 2
jiPK * I mt 'rrap-Mifel . 'NHM* i4. v*?are* V . . a y. f i WEI
L. F. McCall and his master’s voice—the clock.
TWO STABBED TO DEATH IN PRISON
Convict Leaps at Enemies With Knife, Slashes Both Fatally. By United Press PITTSBURGH, April 7. Two prisoners were killed in a fight in the western pentientiary here today. The dead men are Martin B. Conley, 29, and Michael Ferraro, 22. They were attacked by Janies Gordon, 33. Philadelphia, it was said, Witnesses said Gordon attacked the two men without warning. He stabbed each man twice, officials said. Gordon was wounded critically by Connelly. The stabbing affray in the prison yard, in view of almost a score of other convicts, resulted from a long feud between the prisoners, Warden Stanley P. Ashe said. Gordon attacked Ferraro and Connelly as the two were taking exereise in the prison yard. Ferraro was stabbed through the heart and died almost instantly. Connelly, stabbed by Gordon, disarmed his assailant and plunged the knife twice into the boby of the Philadelphia gangster. Connelly died a few minutes later in the prison hospital. Three companions of the slain men also were involved in the struggle. They, with Connelly, attacked Gordon as he stabbed Ferraro. None of them was injured. Gordon was sentenced to a long term in the Eastern pen in January, 1925, on robbery charges. He escaped a short time later, but was recaptured in California the next year. He was transferred to the Western penitentiary Sept. 14, 1929. “There was no excitement or disturbance among the other prisoners,” Warden Stanley Ashe said. “And there was no demonstration of any kind. Guards had the situation in hand, immediately after they had disarmed Gordon.” Gordon refused to give any reason for the stabbing, officials said. His
W@Smßt: ’
Miss Josephine Roche
duction was planned accordingly. Last year we produced, and sold, more coal than ever before. Our net posits increased despite lower prices. “With one exception, the average daily wage scale of our company is the highest in the industry. We feel it would be extremely detrimental to reduce the earning power of our workers now.” Years of observation as a research worker /acquainted Miss Roche with evil business practices,
Second Section
Entered aa Second-Class Matter at Poatoffice. IndtannpoH*
Times Change By United Press NEW YORK. April 7. Hunter college, which banned cigaret advertising in the women’s college publication last February, has gone modern. Dr. James M. Hunter, president, announced that a green and orange tea room in one building would be turned into a smoking room for girls if they wouldn't smoke elsew’here on college grounds.
knife had been made from a piece of steel wrapped with tape for a handle. FLAYS POLICE SYSTEM I. U. Professor Declares Present Arrangement Is Wasteful. Selection of police chiefs on proven ability, with removal possible only after a public hearing, was proposed Wednesday night by Professor James R. Robinson of the Indiana university’s law school, at a meeting of the Indianapolis Bar Association in the Indianapolis Athletic Club. The professor urged legislative enactments to provide for a workable police system. He declared millions of dollars were being lost by failure of American taxpayers to establish police organizations on a simple business basis. MENTAL TEST~ORDERED Woman. Who Thrice Tried Suicide, to Be Examined. Mrs. Joyce Moore, 46, of 5613 East Washington street, who Wednesday made a third attempt at suicide in ten days, will be treated in the psychopathic ward of city hospital, attendants stated today.. On two occasions she took poison, and Wednesday slashed her throat twice with a safety razor blade.
especially in relations between labor and business, she said. a a a IN 1927, her father died, leaving her' in control of the Rocky Mountain Fuel Company, second largest mining company in Colorado. Labor conditions had made mining unprofitable. "I found myself with a complete laboratory to test out all the theories I had evolved in my research work,” the modestlydressed mine head said. “The policy of the company, similar to that prevailing generally in the coal industry, was abolished. I called in mine union officials, and negotiated a contract. I have had complete co-opera-tion from the union ever since, and without their aid we could never have succeeded. The badly run-down mines were put back in working order and production started.” a a a COMMENTING upon labor troubles between operators and miners in Kentucky, the slightly graying woman executive said: “Their troubles can not be remedied overnight. They have been half a century in the making, and are deep rooted. I hope they receive the attention of a congressional investigation, so both tides can be heard fairly.**
U.S. SURVEY OF RUSSIAN TRADE FIELDSURGED Col. Hugh Cooper Advocates Sending of Delegation for Investigation. _ HUGE MARKET WAITS Remedy for Unemployment Seen If America Will Change Attitude. BY WILLIAM PHILIP SIMMS Scrinna-Howard Foreirn Editor NEW YORK. April 6.—“1 want to indorse as earnesly as I can the proposal of the Scripps-Howard newspapers that American business men who want orders, and American workers who want jobs, should ask their government to send a trade delegation to Russia.” So continued the interview with Colonel Hugh L. Cooper, w-orld-famous engineer, the first half of which I reported in these columns Wednesday. “I am in favor of a delegation of qualified American manufacturers, economists, export executives, engineers, labor representatives and bankers proceeding to Russia as soon as practicable, to study the value of Russian trade, not onlv to ourselves, but to Russia and'the whole world,” said Cooper. Would Aid Trade Revival “Existence of a report on the subject, bv a qualified personnel, and intelligent action thereupon, would do more to facilitate a world trade revival than any other program that I can conceive. “Normal trade relations between the United States and Russia at the present time would go a long way toward relieving unemployment. Steady all-year jobs for between 90,000 and 100,000 Americans would have been provided in 1931 had it not been for the fact that trade was obstructed by false propaganda about the five-year plan menace, Soviet ‘dumping,’ con-, vict labor, and so on. “The campaign against Ameri-can-Russian trade can not succeed ultimately, because it is based on ignorance, misrepresentation and prejudice. The American people may be overwhelmed temporarily by the mere volume of these attacks, but in the end the truth will force its way through. Attitude Is Changing "The American people then will properly insist on our getting a fair share of the very profitable business which Russia offers us. “Already our people are beginning to see more clearly. During the last year there has been a gradual, but distinct, change among business men in their attitude toward Russia. They take a much more constructive view. “I have talked with many of our leading. business executives and economists and have found them unanimous that resumption or normal trade relations with Russia would help business revival in this country tremendously. “To those whose duty it is to alleviate unemployment distress in this country, stimulate business activities, and release frozen assets, let me suggest a calm, dispassionate study of this Russian business. “Not only will normal business relations with Russia prove profitable, but they will advance world prosperity and world peace. World peace, like prosperity, has its foundation on economics. Opportunity Is Great “As America looks anxiously about for business, name for me, if you can, a single other country as promising as Russia. But if we want this vast, new market, we must find a way for the Soviets to sell us such of their products as do not compete with American labor, for, unless they can sell such products in a normal way, they can not buy much from us. “All propaganda to the contrary, the Soviets publicly and often have expressed their willingness to enter into international agreements for regulation and control of exports of all commodities of which there have been world surpluses. ‘‘Let us put politics, prejudice and fear aside. We must approach this subject sanely. Until a rational trade agreement between the United States and Russia is consummated, no satisfactory credit structure can be erected, and business between the two countries will remain stagnant. “Let us start by sending a trade delegation to Russia.”
SUSPECT ARRESTED IN THREE FALSE ALARMS Man Held Gives Police Address That Doesn’t Exist. Following three false Lre alarms Wednesday night and early today, police arrested Abraham Gish, 32, who said he lives at 1518 Hoyt avenue, an address which does not exist. Two boys, about 15, are sought in connection with one of the alarms, turned in shortly before 8 Wednesday night, from Fletcher avenue and Harlan street. The other alarms were turned in from boxes at Minnesota street and Belmont avenue, and Miller and Reisner streets. MANUFACTURES MEET State Association Will Elect Officers at Session Here. The Indiana Manufacturers’ Association was to elect officers and twelve directors at its annual meeting this afternoon at the ColumDia Club. Lawrence F. Orr, chief examiner of the state accounts board, and James A. Emery, Washington, general counsel of the National Association of Manufacturers, were Jo 1 speak. *• i
