Indianapolis Times, Volume 44, Number 6, Indianapolis, Marion County, 18 May 1932 — Page 11

MAY 18, 1932.

DROP IN SILVER VALUE HURTING WORLD'S TRADE ' Orient Suffers Huge Loss in Buying Power; Remedy Sought. Th* till <>f lh* boa** rommtllM f#r an International ronfertnro on ill?r ha* for uord attention anew an (hr ornbiem of allrer and raid at User Mftrri world praanerlt*. Thil it the tint of a terlea of atariet. natlinint this problem, trarlnx tta raote* and r-. •online oome of the Mtationa of It now .■arreted be eeonemlat*. BV JOSEPH H. BAIRD t'nlted Frrtt Staff Correapondcnt WASHINGTON, May 18—Mankinds standards for measuring its goods and toll have gone awry, causing trade stagnation and poverty. The best economic thought of America and Europe is concentrated on the problem. Gold, once the servant of silver, has become its master. The price of the white metal has dropped so low that more than half the world —mainly the Orient—has suffered a tremendous loss in buying power. In America, the days when the "cartwheel” traveled daily from pocket to pocket long have since gone. But in many part* of the world— | China. India. Mexico, for instance—; silver still is the ruling token of value. Hence it* rapid fall from *1.15 per ounce in 1919 to less than 28 cents in 1931 has wrought havoc in world trade, closed mines and caused suffering and want. This tragedy has not been confined to silver-using countries like Mexico. India and China. Western powers like the United States, too, have suffered through a loss of markets at a time when their storehouses were piled high with Rood* unwanted at home. Yellow Metal Is Peer This situation has caused economists and officials to re-examine the fundamental bases of silver and gold as measuring rods. They are seeking a wey to stabilize these measures, to make them less responsive to every caprice that affects other commodities. In prehistoric times, It is said, one ounce of silver was worth ten ounces of gold, but In modern ages the yellow metal always has been the peer of the white. "There have been, however, drastic fluctuations in their relative value during the last century. In 1835 silver was worth *1.30 per ounce. Then, with the winning of the west and an increasing demand .or silver as the "pocket-money" of men from Kansas to California, it rose even higher to *IJS in 1865. From that point it fell constantly until in 1916, two years after the World war began, it was worth only 51 cents. But wartime Europe's vast trade with the Orient gradually created anew demand for the white metal and it soared again, reaching *1.15 in 1919. Then it fell precipitately to the lowest point of the last century— j 27 T . cents in July. 1931. Since then it has recovered by only a few cents. Ratio Not Constant What should silver be worth In terms of gold? The question has baffled economists for decades. If the two metals followed the general law of demand and supply their relative worth would seem to depend on their comparative scarcity. Taking the approximate fifty-year period, 1881 to 1930. the world pro-; duction of gold was 14.534.840 ounces and of silver 175,314.000 ounces. This would indicate a normal ratio of 12 to 1 between the two. Yet such a ratio has been far from constant. Just now officials can see no immediate prospect of silver being restored to its usual buying power as a result of natural economic forces. Because of this, there is a growing demand both here and in Europe for international action to raise the price cf silver by artificial means and thus restore the buying power of more than 1.000.000,000 people not on the gold standard. HUNT NETS RUM CACHE 11 Policemen Toil for Hour: Find .1 Quarts of Whisky. Eleven policemen toiled an hour Tuesday and reported they were rewarded with finding three quarts of whisky at 369 South Illinois street. They arrested Chris Vishoff on a blind tiger charge. Lieutenant Leo Troutman and a squad of ten men made the raid. Officers tore up several boards of a basement stairway and found a long opening w.iich would hold several bottles by standing one on the other. CONDUCTORS TO RETIRE Three Pennsylvania Road Men Honored at Dinner. Three retiring Pennsylvania railroad conductors. S. B. Wilson. Sidney Smith and Patrick Horan were guests at honor at a dinner Tuesday night by Monument division 598. Order of Railway Conductors, in Odd Fellow hall. Principal speaker will be T. W. Skeeters, claim agent for the Penn- j sylvania railroad. About 100 persons. including railroad and union officials, are to attend.

Gone, but Not Forgotten

Automobile* reported to police as stolen hucmt to: Marvin Smith, lilt Pershing boulevard. , Clinton, la.. Chevrolet roadster, from \ Shelbwilte. Ind. William Berber 1205 North Dennv street, | Oldsmnbiie sedan. 40-909. from Pennsylvania and North street*. Charles R. Caldwell. R R 4. Box 244 ford sedan. 37-101. from 200 North New jersev street Issdore Kobe. *ll West Dootv -third street. Plymouth coupe, from rear 1635 Central avenue. V. L. Robinson 527 North Bancroft j atreet. Chrysler coach. 80-509. from Da\:d- I son and Michiran streets Belle Holland 902 North Emerson ave- I nue Essex coupe 82-982. from 4 West Washington street

BACK HOME AGAIN

Stolen aulomobUea recovered bv police heions to. PSorls McCarmmack. 2938 East Washinaton street. Apartment 1. Oakland sedan. ' found at Chesapeake and Illnoi* streets Butts coupe. 43-87 C no certlflcat- of title, found in front of 311 North Senate avenue. C. R Caldwell. 349 South Hamilton averse. Ford, found stripped near Post read and state Road 40.

Nice L’il Pets!

i§£jr ak Bpjg '<d|| u, ■ sM| ft

If you're tired of dogs. cats, parrots, canaries and goldfish as pets, hard to the lure of the lizard. Two of the reptiles—all dressed up in their bright blue "Sunday best” ribbons—are seen here on the end of a leash held by Miss Ilka Chase, prominent society woman and actress. as she strolled along a fashionable New York avenue.

MOTION PICTURES

prLAST3DAYSm JOAN CRAWFORD AMO ROBERT MONTGOMERY Xeitq jifniott —Starting Friday— RAMON NOYARRO In Franri* Wailaee’a “HUDDLE” with Madge Evan* Metro-Goldwyn-Mayer Pictures

I Pit KM IHR ft THURS. NITE! I I Edmund Evelyn Constance I | I.OH E-BREN T—C C MMINGsI “\lfnrney .... law for the Defense" tr Last Two Davs Paramount 1 I tat with jp ypß ft Carole Lombard §? Chester Morris Wfrry Phone—Rt. ,V'iot JjMi

HI KKV: 111 KRY! FAST 2 HAYS THE SCREEN'S SWEETEST ROMANTIC TAKE— Extra! RING CROSBY Him HI NEXT FRIDAY

EST#*^ Wjjiße-Glorified! OuimuoM ■■HHHin a happy, new role gf|iraSjj|jHdh a woman who tries W&aBaSU -o 00 true to TWO men! Ik. HSs her S new leading man wno'll charm your heart away! ■Sg| OWE RICH AW ■ ALWAYS WITH US| A , irsi National nit with ■p|p \ BETTE DAVIS L- > JOHN MILJAN I Lu( 2 Days: *V\U f I'F^"SYMPHONY "XAiiaL/T OF SIX MILLION" ■

MILLION-DOLLAR INFANT IN SDIT OVER PARENTS Affairs of 4-Year-Old Child Are Further Tangled by Chicago Ruling. By United Prrm CHICAGO. May 18—The legal status of Mrs. Virginia Harrison Gross' "million dollar baby” became even more complicated today with the appellate court's ruling setting aside the djyorce decree granted Captain Christian Channing Gross, war hero, author and diplomat. The decree thrown out included a finding that Captain Gross was the baby's father, entitling 4-year-old Anne to share in a *1,000.000 trust fund created by her mother. French courts also had held that Captain Gross was the father, despite the plea of Mrs. Gross that Mardius de Zayas, a dancer, was. The child was born four months after the parents’ separation. Mrs. Gross Is the daughter of a former Governor of the Philipines. Attorney Robert E. Cantwell Jr. planned today to bring a separate action to determine Anne's paternity.

I DINE AND DANCE THE MOULIN ROUGE 1210 E. 62nd St. REG. DUVALLE and HU Moulin Rouge N.-trolly Six. Reservation WA. 2201 Frank .1. Mnrollo, Prop.

“IS this THE BEST PICTURE of the YEAR?" V**? rs *• I J MERKEL I iHgfigl y, GRAVIES - ****% , - B> Francs Wallace c . . Os court* It'* Starts metrpI FRIDAY \ 1 1 1X^1 1

1 . 1

NORTH SIDE is® ■( :i 1 jtl.llM and BtfMAMHHHiAMP OAllege Fsmilv Nile—John Gilbert in "WEST OF BROADWAY" at wilJnlflUl Family Doable Feature—Barbara Stanwyck in ■SHOPWORN" : ‘‘DANCERS IN THE DARK" ——Talbot at 72nd St. Family Nile BIIMHBnMBBWV Chir "THE EXPERT” SOUTH SIDE MMMMMI SOX Sbetb sc Icfj;iam>l lc to AH ■■■■■■■■■ Barbara SUnwyck in “FORBIDDEN” WEST SIDE paßpHHpa|a|| two w. Mich, sc ■ Bxl _HThoms, Melthsn KMBtHHHMHPISB Chariot lo Grornwoed “CHEATERS AT PLAY”

SIOO to Dine Bf United Press CHICAGO. May 18 —One of the moet expensive meals ever served in Chicago will be given tonight at the Standard Club, where plates will cost each guest *IOO. Proceeds will go toward the *150.000 Chicago quota for the American Palestine fund.

Means Trial to Open Monday. By United Press WASHINGTON. May 18— Trial of Gaston B. Means on charges of defrauding Mrs. Edward B. McLean of *104.000 in a Lindbergh ransom plot, will begin Monday, District Attorney Leo Rover announced.

Try Lydia E. Pinkham's VegeUblt Compound j Had Melancholy Blues Wanted to die . . . she felt so blue and wretehed: lion': let pain ruin your good times. Lydia E. Pinkhatn’s Vegetable (’omoound gives you relief. —Advertisement.

AMUSEMENTS

ILOMAY BAILEY §

praiilN Phone Rl. 7277 I kb |l ß r |•! \ i u t 0.. 1 WE A lilt .R.. SAT. BERKELL PLAYERS , In thn Smashing Dramatic Hit “THE ELEVENTH COMMANDMEHT” Mght 75c-50c-25e; Mata. Mc-Me-SSc Next Week —“The Good Fairy”

!CTURES

MOTION PI

WEST SIDE PHmHBPHBBIwTwash A Belmont Family Nite MiriilMlM Marian Marsh la BEAUTY AND THE BOSS” EAST SIDE ■■■HIIMMH 4e. |9tb SC MuljAflilil George Arliss In “MAN WHO PLAYED GOD” ■■■■■■■■■■■ torn t New berk IsT lOe to All lirfUMHMfl Sail- Ellers In •DISORDERLY CONDUCT” PMPHPiM 5142 ’ >Va*H li:TK>l .y:l loe to Ail HifMHMiMMiB John Gilbert in "The big parade” tw-* xw-i-h are. j IJlalilTV,T|]|| Family Nite ■■■■■■l"*"* Elisas Land! la “DEVIL’S LOTTERY” fiF~you* fa yorite “theater IS NOT LISTED. TELL YOUR THEATER MANAGER.

THE INDIANAPOLIS TIMES

The Big Day for Housewives

Greatest Cooking and Home-Makers School Is Open at the ENGLISH THEATER Today and Thursday (Afternoons) and Thursday Night

THEATER DOORS OPEN at 1 P. M.

Mrs. Dorothy Ayers Loudon Noted Food Authority, Home Economist and Lecturer Interesting . . . Entertaining New Recipes . . . New Menus New Home-Making Hints Free Admission

The Following Merchants and Manufacturers Have Co-Operated With the Indianapolis Times in Bringing This School to Indianapolis

CAPITOL ELECTRIC CO. Majestic Refrigerator *nd Radio WM. H. BLOCK CO. White Star Gas Range KIRK FURNITURE CO. Dining Room Fnrnitnre VICTOR FURNITURE CO. Kitchen Cabinet, Porcelain Top Tables. Breakfast Set MAYTAG DISTRIBUTORS. INC. Maytag Washing Machine and Ironer KROGER STORES Groceries and Vegetables GENERAL BAKING CO. Bond Bread RUMFORD CHEMICAL CO. Rumford All-Phosphate Baking Powder LEVER BROS. Lux. Rinso, Lax Toilet Soap

Indianapolis’

COME.... HEAR

LECTURES START DAILY at 2 P. M.

ifc I "dOr 'V xi f$H ■ wmk *&s*&***?'■

KARL F. WACKER Quality Meats ( HAS. MAYER & CO. Silverware, Glassware, China ware SEARS, ROEBUCK & CO. Pressure Cookers PAUL’S BEAUTY SHOPPE Marcelling, Manicuring, Facial, Permanent Waving FURNAS ICE CREAM CO. Furnas Ice Cream JESSUP & ANTRIM ICE CREAM CO. Velvet Ice Cream MAROTT SHOE STORE Enna Jettick Health Shoes ACME-EVANS CO. E-Z-Bake—All Purpose Floor

KOTHE, WELLS & BAUER CO. Ko-We-Ba Coffee KELLOGG COMPANY Kellogg Corn Flake* f ROBERTS MILK CO. J Milk, Cream and Butter [ LUEBRING FLORAL CO. f Flowers and Potted Plants NATIONAL BISCUIT CO. f Shredded Wheat A. P. W. PAPER CO. Fort Orange Tissue B. T. BABBITT, INC. BAB-0 SCHNULL & CO. Phoenix Mayonnaise STANDARD BRANDS, INC. Fleischmann’s Yeast

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