Indianapolis Times, Volume 43, Number 303, Indianapolis, Marion County, 28 April 1932 — Page 8

PAGE 8

TRADE BOOM IS SEEN IF BONUS CASH IS PAID Arguments of Opponents Are Answered by Sen-, ator Thomas. BY SENATOR ELMER THOMAS Issues raised by the- so-called bonus bill are fairly well understood by all who follow activities of congress. The discussions have served to narrow the real issue. All agree that the vast majority of veterans want the balance of their certificates paid at once, and in cash. All agree that many of them are in need of relief. All agree that the full payment in cash would increase the money in circulation; would make money more plentiful and thereby cheaper, and that, as money comes down, commodity prices will go up. Practically all agree that it is desirable to have the currency and credit expanded, or “reflated," and the only point of difference left is as to how and by whom the task is to be undertaken. Deflation Speeds Up The process and trend of deflation has been going on for more than ten years and has been speeded up during the present depression. During the last year the managers of our fiscal policies have seen leans to member banks decrease more than $30,000,000,000, and ar. credit is contracted loans are called and bank deposits disappear. Already deposits have decreased more than $20,000,000,000 and the end is not in sight. During the last month some $150,000,000 in cash withdrawn from circulation and' canceled. Thus in March credits were contracted further by ten times the cash retired, or in the sum of $1,500,000,000. The economic rule—scarce money makes dear money—still is working, and as dollars continue to go up they meet prices coming down. The stock and commodity markets never fail to register the movements of the federal reserve system. Cash Retired Rapidly The money managers claim that they are adding cash to the circulation, but if so they are pumping it in through the spigot and leaving the bunghole open, for cash is being retired and canceled faster than the Federal Reserve system is replenishing the supply. Until the government places money in circulation faster than it is being retired, the present downward trend will continue. Supporters of veterans’ legislation have selected the so-called bonus bill as a vehicle to haul actual cash into circulation immediately and to all parts of the country. All concede that the vehicle will do the job, except holders of bonds, notes, and fixed investments, who do not want the job done. Apparently deaf to appeals and dulled by distress, the coupon clippers demand that their dollars continue to buy two bushels of wheat, three bushels of corn, sixteen pounds of cotton, and other things in proportion. If I had the power to reach this

Fine Quality at a Low Price ♦. ♦ that is VALUE It’S RIDICULOUS to pay high prices for clothes today... but it’s even more foolish to pay too little. We’re clothing makers with 53 years of experience and say to you in all sincerity that S 2O is enough to pay for as fine a suit of clothes as you could want. Come down to the store. Look at the clothes* Our selection includes all the new fabrics, styles, colors and patterns. Try them on. Compare them if you wish. YoUy too, will say it pays to buy clothes direct from the people who make them . RICHMAN BROTHERS Open Saturday Evening Until 9 o’clock 36 East Washington Street Next Door East of Washington Hotel

This Birth Date Shows Timidity-Daring Blend

j To obUin an astrolocical reading, i write to Mita Carter. In care of The Indianapolis Time*, atatin* the vear. month, day of birth. Enclose 10 cent* in coin for each blrthdav given to pay I for mailing. Be sure to Include the reI turn address. Letters can not be i acknowledged unless these instructions are followed. BY MARGUERITE CARTER IF today is the anniversary of your birth, you probably are a I strange combination of timidity and daring. That is particularly true |if you are a woman. You are not as apt to be original as it would be possible for you to be, chifely because you are too cautious and prefer certainty to an uncertainty, no matter how promising it may be. If you are a man, you have many abilities in common with outstandi ingly successful financiers. There is, however, some tendency for you to get into a rut, but you have the qualities which would make you a loyal, efficient and reliable employe. The man who employs you can be assured of your constancy and performance of daily duties to the : limit of your ability. You have much love of beautiful and artistic things, but your artistic appreciation is not apt to be developed. Material success and i worldly possessions mean a great | deal to you and you nave a determination which will take you a long j ways, * U H M. D. M.—As a rule, the man who is aggressive, self-confi-dent and correspondingly successful has a measure of predatory in- | stinct. There are exceptions of | course, but if you want a charming, j delightful companion and lover do not pick the man who overrides obmost fortunate class, I would suggest that no bonds, public or private, ; can be supported and live on presi ent prices. Unless the price level is raised, the army of the unemployed ; will grow; bankruptcies will increase; taxes, interest and debts will continue in default, and American bonds, notes and mortgages will take a place with those of the other bankrupt countries of the world. The bonus payments will help the four million veterans immediately, and in addition will help almost as directly and as quickly the wage earners and farmers, which embrace more than one-half of our i total population. The federal reserve plan of exchanging government money for bankers’ bonds will place money in the vaults of only a few banks and will not force such new money into general circulation. If the veterans’ plan is adopted, there will be such a rush of spending as this country never saw before. The new money will be spent to pay debts, buy flour, meat and clothing. This will make business for stores, who v ~ale houses, railways and banks. The wage earners and farmers will benefit immediately. With buying power renewed and business revived, newspaper advertising space again will be in demand and some of the sickly sheets now barely able to wabble will have a chance to survive. The federal reserve system says that it now is busy placing new money in circulation in an effort to raise prices, which concedes the soundness of the veterans’ demand for an increased circulation. THE END.

stacles and considers other men either tools for his use or obstacles In his path. On the other’ hand, if you want all the luxuries, fine clothes, motor cars, and a comfortable living, don’t marry the charming, delightful kind unless someone has been considerate enough to leave him the wherewithal to purchase what you like. An anlysis of the birth date of the man you have asked me about indicates that he is kindly and probably a faithful worker. He should make a good husband. I am of the opinion, however, that if you are looking only for economic independence without affection as a consideration, you would be doing him a great kindness if you let him go his way in peace. n • n Dear Miss Carter—l have been in partnership with a man for several years and we always have been unite successful, hot never have rotten alonr very well. Now we are not makinr money as we did. Please tell me if vou think that we are re*llv suited to be in business lo*ether. He was born Nov. —and I Dec. —. ARTHUR J. THE fact that you and your business partner previously have been successful should be at least a reasonably good indication that you are a good commercial team. Your birth dates indicate that you should be successful together from a financial standpoint and, after all, that’s the main thing, isn’t it? By all means continue, and don’t let any members of your family or friends persuade you that you are doing him a favor by being associated with him in business. The fact that you are not making money at present is nothing to judge the *•' "ation by. You certainly are not alone in that. n tt u FV. C.—lt is not at all unusual fo r girls born about July 15 to be somewhat fickle in their affections until after matrimony has settled them dow r n. Almost always they are unhapy if too secluded or

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Don't let theun^^J lis* $1 *l!!!f§| A cheerful helper is not enough not if you are‘run-down - physically WLjther, I do wish you were lating the secretions of the stomwell and strong .. . you always ach .. . reviving the appetite .. . look tired.” aiding digestion . . . regenerating It isn't fair to expect one to like hemoglobin .. . restoring the redwork or to be happy when in a biood-cells—and builds greater re-‘Tun-down- ’ condition. sistance against infection and disOrdinarily you don’t need to go ease> to bed or to a distant resort to re- Try ; t yourself. Get S.S.S. from gain your strength. Usually S.S.S. an y drug store. In two sizes: regwill do it right at home and while u | ar an j double —the latter is more you are up and going. economical and is sufficient for a If you require a tonic you should two weeks’ treatment. S.S.S. may by all means try S.S.S.— this long be the means of bringing better established medicine acts by stimu- health and happiness to you. -frSvfi kuilds sturdy Y health

THE INDIANAPOLIS TIMES

restricted in their circle of friends. While they are not infrequently successful on the stage, the sacrifice of their home life really is hard for them. The great sensitiveness of their inward dispositions to conditions surrounding them is responsible for the fact that they sometimes almost hysterically reproduce symptoms in themselves of the illness of any one with whom they associated closely. For that reason the associations of people born at that time, particularly girls, is of great importance' to them. It is natural for your daughter to love gaiety and good times. Don't be too hard on her. SCHOOL LAW UPHELD State Supreme Court Rules Statute Constitutional. School attendance and child labor laws were held constitutional by the supreme court Wednesday in reversing a ruling of Jackson circuit court. The high court also held unconstitutional the 1929 law providing for uniform terms for county clerks. Decision reversed the Knox circuit court which held the law constitutional. Stop Disturbed Sleep It’s Not Normal. Something’s Wrong, Physic the bladder with juniper oil, buchu leaves, etc., contained in Bukets. Get a 25c test box and in four days if not satisfied go back to your druggist and get your money. Hook's Dependable Drug Stores.—Advertisement.

EXCELSIOR LAUNDRY Phone RI ley 3591 Housecleaning Reminder Rugs—Curtains—Drapes

NIP LOTTERY FRAUD Cops Nab Three in Alleged X-Ray Conspiracy. Use of X-ray machine to examine baseball pool tickets was described to police Wednesday night by an informant who aided in arrest of three men on blind tiger and vagrancy charges. Those held are Irvin Sudbrach, 36. of 2315 Station street, and Melvin Eicker, 21, of 1822 Madison avenue, charged with blind tiger and vagrancy, and Charles Burch. 19, of 2002 North Capitol avenue, charged with vagrancy. Sergeant Edwin Kruse and squad were told by the informant that he and the three men held had planned to steal the X-ray machine from persons who obtained them by theft. The machines, the officers

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were informed, are used to read the ‘‘straights’’ and “hits" on pool tickets without tearing them from books in which they are bound. Woodsman Is Elected H. H. Woodsman, head of an insurance and apartment management agency, Wednesday was elected to succeed T. A. Moynahan, president of the Moynahan Construction Company, as president of the Indianapolis Apartment Owners’ Association, at a meeting in the Washington.

FISH FOR FRIDAY! Fancy \2 V2C SALMON STEAKS Columbia River Lb 20c Come early as we have a limited supply. HALIBUT STEAK. WHITE FISH, TROUT, PIKE aT LOWEST MARKET PRICES Onr Rpxnlar Detail Price* Effective on Delivery 32 WEST GEORGIA STREET

LADIES’ SHOE REPAIR SPECIAL! GIABANTEED WORKMANSHIP—BEST OF MATERIALS GOODYEAR isss <)A C S HEELS L\J OHIO SHOE REPAIR ohYo’stbket AND CLEANER

See EUROPE . . . By AUTOMOBILE Tour Europe by private automobile—with European chauffeur—but at popular prices. perhaps you have already seen Europe. You have seen the great cities with their great cathedrals and museums and art galleries . . . B U t_have you seen the country itself? To the wealth of sightseeing in the great cities you add the equivalent wealth of sightseeing between them. You owe it to yourself to see Europe by automobile—in a standard seven-passenger car. with your own native chauffeur, over a route of your own choosing, and do it at a price strictly comparable with the ordinard cost of a standard tour by train. Complete Details May Be Obtained From RICHARD A. KURTZ, Manager Travel Bureau The Leading Trawl Bureau of Indianapolis HIJNION TRUSTS 120 E. Market St. Riley 5341

APRIL 28, 1932