Indianapolis Times, Volume 43, Number 309, Indianapolis, Marion County, 5 May 1932 — Page 5

MAY 5, 1932

BRITAIN LIKELY TO URGE WAR DEBTS SLASH 25 Per Cent Reduction All Round Probably Will Be Proposed. 'World Coorl*ht. J 912. hr OniUd Pr**> LONDON, May s.—The British government is credited in well-in-formed circles today with the intention to propose at least a 25 per cent all-around reduction of war debt* and reparations at the Lausanne conference meeting in June. Several unimpeachable sources revealed to the United Press that recent developments in the world economic situation, particularly the increasing gravity of Germany's predicament, brought a radical about-face in Britain's attitude. Financial circles and some politicians arc understood to fear Germany not only was on the verge of defaulting on reparations payments, but also on her commercial debts. It was believed that Britain’s new attitude is due primarily to the fear that such German default inevitably would precipitate the already precarious positions of international banking firms, centuries old and well known throughout the world. Some quarters even stated that Chancellor of the Exchequer Neville Chamberlain's recent req iest for a secret fund of £150.000,000 to stabilise exchange was influenced more by the diesre to Airmail flnan-

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8-A Graduates of School 30

. **4gxo*+ .}■ *jt jawlMK _ Mwft. nE Hk " * % 4ft Top Row—ileft to right'—Alice ior Hart. Hoyt Blacker, Walter Bohnstedt, Victor La Mar. Clorus Laura Lewis, Maxine Davis. Marmßf H ~' v,srd T/>v Hacker. lane Farrar. Elizabeth Jones, , %'' Carl Fl?chfr ' Julian w<>dd!e - Jun * Anna Cornwell.

cial backing to prevent the collapse of big financial institutions, in the event of German default, than by the necessity of counteracting the

Top Row—ileft to right*—Alice Blaylock, Robert Carroll. Charles Bohnstedt, Victor La Mar. Clorus uT Hayward. Loy Hacker. Second lU>w—William Ganote, Carl Fischer. Julian Weddle. Jun-

activities of speculators in sterling. It was believed “feelers’’ on the new British attitude on war debts were extended by Prime Minister

THE INDIANAPOLIS TIMES

ior Hart, Hoyt Blacker, Walter Tankersley. Laura Lewis, Maxine Davis, Marlane Farrar. Elizabeth Jones, Dorothv Wolfe Bottom Row May Appleget, Anna Cornwell.

Ramsay MacDonald on his recent visit to Geneva in private conversations with certain European statesmen.

WALL STREET IS LASHED AT M. E.PARLEY •Greatest U. S. Swindle,’ Says Senator Capper; Raps Rich Violators. By l ulled Prett ATLANTIC CITY. N. J„ May 5 Wall Street brokers and the rich and influential citizen who defies the Constitution were denounced by Senator Arthur Capper of Kansas. in an address before the thirtyfirst quadrennial conference of the Methodist Episcopal church. A crime wave is sweeping the nation. Senator Capper asserted, which, he said, was a direct result of the complacency of the American people. He referred to the Lindbergh baby kidnaping, and observed that if it does not prove the turning point toward wholesome observance of the law. he does not know what atrocity will. “The rich and influential citizens who violate the law and defy the Constitution are worse than the reds,” the senator said. He called the stock exchange “the greatest American swindle and thfe world's greatest gambling institution.” Three memorials urging the church to take a stand upon divorce were referred to a church committee for action. They deal with activities of marrying parsons "whose activities have scandalized the church.” a definite stand on Reno and Mexican divorces, and revision of the divorce laws of the church.

THEY TILL ME'jS-L'

T>O6T primary side glances: * Judge Harry O. Chamberlin of the circuit court, candidate lor renomination. spending primary day , in his office in the courthouse, having visited the polls only once, and then to vote. By way of contrast—a call from ! two watchers in the Twenty-fifth precinct of the Tenth ward, declaring that Judge Frank P. Baker of the criminal court, would not , permit them to enter the polling place, while he was soliciting votes for Earl R. Cox between the ropes, within the fifty-foot limit leading into the polling place. Deputy election commissioners made a quick visit and from then on there was quiet. m * n The peculiarly large vote cast in the Seventh ward and reports of drunkenness from that section. And the laugh that went up when one polling place official called to ask whether it was time to order a halt on more than twenty men giving the same address. George V. Coffin, Republican county boss, sitting at county headquarters Tuesday night and llsten- . ing to the boys call and report how i they won their flght3 for re-election as precinct committeemen. When Paul Wetter, former mu- . nicipal judge, reported that every 1 organization precinct committeeman was re-elected in the Thirteenth, a big smile went over Cap's face. This was the first time in eight years that Cap was around headquarters election night. In the past.

he has worked up to election day and then gone home ill. m m m Ed Hart, Fourth ward Republican chairman, biting hi* nails and stirring uneasily as report* are brought in on the standing of his brother-in-law. L. Lynn Logsdon, in hi* neck and neck race against Frank Cones for the treasurer nomination. Logsdon was one of the two trades that brought the junior Republicans back into the fold The other was the promise that the organization would take John O. Lewis and defeat Judson L. Stark for prosecutor. m m m Three out of four winners wasn't so bad. The Master Clocker picked Chamberlin and Sheriff 'Buck" Sumner to win without effort, and Jim Deery and Stark to cop the tight places. Stark came through like a flash, but Deery appears to be trailing, although there still are man;, precincts out.

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CHILD INJURED BY MOTORIST Two Others Hurt in Traffic Mishaps: One Held. Three person*. Including a child, were Injured in traffic accident* and a driver was arrested for drunkenne** Wednesday, police said today. While playing in the street at Winthrop avenue and Forty-eighth street. June Anderson. 4. daughter of Mrs. Grace Anderson. 4711 Winthrop avenue, incurred severe bruises on the bod;’ when struck by an auto driven by Hugh V. Brady. 32. of 4831 Winthrop avenue. When two auto* collided at Harding. and Raymond street*, Miss Ola Breacke, 19. of 119 East Pratt street, and Muss Evelyn Hunt, of 1047 North Sheffield avenue, were cut and bruised, neither seriously. Charges of drunkenness and driving while drunk were placed against Ernest Turner. 28. of 2930 Jackson street, following his arrest at the canal and West street, late Wednesday.