Indianapolis Times, Volume 44, Number 8, Indianapolis, Marion County, 20 May 1932 — Page 13

Second Section

LAW IS URGED FOR GREATER BANK SAFETY State Association Considers Legislation to Curb Unwise Policies. TAX REMEDY IS SOUGHT Separate Fund, of Interest on State Money, Also Discussed. Measure* to enable authorities to rurb unwise banking policies and eliminate dishonest practices were among resolutions to be considered by the Indiana Bankers' Association, at the closing session of its thirtysixth annual convention this afternoon at the Claypool. The group also was to consider resolutions seeking remedy of the chaotic condition of the state tax System. Tha resolutions committee recommendations were being frafmeri by a group headed by Frank B Bernard o< Manna, former president of the association. A kopie of consideration before tha convention wm a plan for paying; ail intercut on public funds into a separata fund, to be used in makjr*r good tata deposits in banks that fail. Such a step is necessary, it was asserted because insurance and surety companies have notified banks they no longer are willing to provide the bonds to secure governmental deposits. Drastic Cats Planned It is expected that drastic reductions in public expenditures will be urged in the tax reform resolutions. Strengthening of the supervisory power exercised by state authorities over financial institutions by means of provisions for adequate funds and personnel In the state banking department was advocated by members of the Governor's study commission for Indiana financial institutions at the round-table discussion at the •arly session today. The bankers and commission members also approved a plan to codify the atate laws regulating banking. The plan would provide for more drastic loan limitations, methods for enforcing the double liability o# shareholders, and more rigid requirements concerning punishment of both "inside” and "outside” bank crimes. Modifications designed to place all financial institutions so that they will be enabled to weather the economic storms such as now confront our economic situation, also are included. Greenough Is Chairman Walter S. Greenough of the Fletcher Trust Company is chairman of the study commission. "One of the greatest hindrances now experienced in the economic picture is the impatience of the masses because improvement is slow, and pessimism and fear still are blocking the way of recovery.’’ S. L. Cantley. commissioner for finance for Missouri, told the bankers in a discussion of the topic, "Looking Ahead." Following adoption of the resolutions and election of officers, the convention was to adjourn this alternoon. American Bankers’ Association officers elected for Indiana are: Lowell W. Cox of Richmond, vtce-oresl-dent for Indiana: J. O. Walllck of Elkhart. chairman of the state bank division: Pied D Rose of Muncie. chairman of the trust division; Groree E. V. Bingham of South Bend, chairman of the savings division: A. <3 Matthew* of Terre Haute, chairman of the national bank division, and EJmej- W\ Stout, president of the Fletcher American National bank, and Felix T. McWhirter. president of the Peoples State bank, both of Indianapolis, and Frank Bernard of Muncie. who will represent Indiana on the nominatinc committee of the American Bankers' Association at the convention to be held in San Francisco later in the vear. STABBED IN ABDOMEN IN MYSTERY ATTACK Fisherman Knifed. Didn’t Know Either of Associates. Attacked by two men as he was fishing on the bank of White river near Raymond street Thursday afternoon. Lindsey Kaufman, 46. 826 lowa street, was slashed on the face and stabbed in the abdomen with a knife wielded by one assailant. Kaufman told police he knew neither of the men. He said thgy approached him. one of them asserting. "here is the Alter the attack both men fled, and Kaufman's shouts drew attention of persons living nearby. At city hospital it was said Kaufman's condition is not serious. INSURANCE~COLLECTOR SLUGGED AND ROBBED Thor* Bind Victim in Own Bark Yard. Flee With S3fl. Two thugs who bound and gagged Shelby Melvin. 45. of 1437 Ea<ft Raymond street, insurance collector, in the rear yard of his home Thursday night, robbing him of S3O collections, are sought today by police. Melvin said he was slugged and knocked to the ground after he was bound with adhesive tape. The victim had gone to the garage to get account books from his auto and was returning to the house when he was attacked, police were told. ASKS SSO.OOO~DAMAGES Tonner Brakeman Files Action in Alleged Injuries. Damages of $50,000 are asked by Jesse F. Isaacs of Huntington, former brakeman. for injuries alleged to have been received when a train became uncoupled near Liberty, Jan. 5. 1931. He filed suit Thursday in superior court five demanding judgment against the Baltimore & Ohio Railroad Company. The caboose, in which Isaacs was riding, was derailed. the complaint stated. He alleges he suffered a brain concussion.

Full WH+ Hmrrtt* ms At halted Pre* AtuK-Utloc

Curtis Link With Booze Gang Hinted Federal Charge of Plotting With Rum Runners May Hit Faker. BY CHARLES M. M’CANN tailed Prfu lUt Correspondent NORFOLK, Va., May 20—John Hughes Curtis may have been approached by purported Lindbergh kidnapers in the early stages of his fantastic negotiations, according to one theory advanced here as townspeople defended his associates and pointed out discrepancies in his I "confession.” Three men named by Curtis in his complete statement that preceded his ''confession” and later I labeled by him as fictitious characters, have been revealed a* real, and under indictment here as liquor runners. Federal agents are checking their activities since Jan. 1. 1931. and any possible connection Curtis, as a speed boat builder, may have had with them. The three are referred to in the rambling Curtis statements given out by New Jersey police as being one man. They are Sam Goldberg. Murray Torresdale and Sam Torresdale. May Be Prosecuted The Torresdales were indicted May 4 as part of a rum running gang of thirty-four men. I ‘lf facts disclosed by the federal agents warrant, Curtis will be prosecuted in this district," Paul Kear, United States attorney, announced. The theory gaining strength is that Curtis, admittedly on familiar ! terms with many rum runners, knew ; some of this group, and that possibly, for one reason or another, some member of a rum running gang claimed to know where the Lindbergh baby was, or claimed to have been a member of the gang. The purpose of such a claim, as was pointed out by coast guard offi- , cials weeks ago, would be to gain ' freedom of action in Virginia waters i for rum runners. Linked With Rum Runners? All police officials had been requested to give negotiators for the baby's return "the right of way,” and had agreed not to molest them. Supposing, they say, Curtis had ; been so approached, had told Dean Dobson-Peacock and Admiral Burrage of the incident, and had made a preliminary move toward negotiating the return. Suppose further that he learned within a few days that the story was a fake. Or suppose he actually was linked with the rum runners in the fabricated story. Then, finding himself a local i hero, a financially harassed boat builder, whose creditors left him alone while he remained a hero, what would be more natural than that he attempt to hold his place in the sun by creating fictional negotiations. fictional desperadoes, phantom ships, and a faker hero? Two Courses Left That trail at an end, two courses would be left open to Curtis. One of them would be for him to place the blame on the rum runnels who originally suggested the idea of the Lindbergh negotiations; the other would be for him to admit the whole story was faked. The reward in the first case would be the usual liquor racketeer reward for squealers with which Curtis, as a boat builder for rum runners and others, was well familiar. The penalty for the second course would be a misdemeanor charge, and a confessed despicable role in a national tragedy for a man already bankrupt once and threatened with bankruptcy a second time. Norfolk citizens recall that Curtis and his associates did not mention to any one excepting the Lindbergns the negotiations they carried on for at least ten days before news of the negotiations were broadcast. If they were publicity seekers only, the. negotiators would have rushed into print at once, they argued. Also, if all the stories told by Curtis were fabrications, how can mysterious visits and phone calls for Curtis during his absence from home be explained? Mrs. Curtis has told of such visits and calls, already cited by Curtis as facts, then denied. Some of them have been confirmed by others.

LINCOLN HIGHWAY RITES ARRANGED

By Timr* Special CANNELTON. Ind., May 20. Driving of a stake to inaugurate the first Indiana activities on the Lincoln memorial highway will be marked by an afternoon and evening celebration in this city and at Tell City June 2. Plans for the event were made public today by Chris Zoercher, Tell City, chairman of the committee in charge. Governor Harry G. Leslie will drive the stake here on the Perry county courthouse lawn. The stake will oe from the original Lincoln home at Hodgenville. Ky. It was procured for the event by Fred Irvin. local postmaster. Principal address will be made by

FREEDOM AT LAST! DOFF YOUR GOLF KNICKERS, DON YOUR OLD FLANNELS

THOSE of us Who don't have the male version of Ann Pennington's limbs—legs, to us— Anally are on the receiving end of one of the greatest breaks in the last decade. No longer do we have to worry about our appearance on the golf course, and now our bird legs, so out of proportion to the remainder of our aging bulk, will not be exposed in the sunlight as we dash to bus. auto or street car, after eightsen holes. A varietv of male legs always was part of any golf course. But there- was a vast difference in

The Indianapolis Times

HUGE REVENUE GAINS SEEN IF; DRY RULE ENDS Ritchie Declares Billion Dollars Would Flow to U. S. Treasury. . f i. ■ i ENFORCING COST HIGH $485,000,000 Was Received in Liquor Taxes in 1919. . BY RUTH FINNEY Time* Stall Writer WASHINGTON. May 20 —Enrich- i ment o* the federal treasury by one billion dollars, promised Thursday night by Governor Albert C. Ritchie if the eighteenth amendment should be repealed, made a powerful appeal today to harassed congressmen, trying to increase federal revenues and reduce federal expenses. The Maryland Governor gave his estimate in a nationally broadcast radio speech. The senate economy committee has before it appropriation bills containing items connected with prohibition enforcement which amount to $48,000,000, a sum greater 1 than the maximum savings contained in the house special economy bill. Senators calculating federal revenues, in connection with the tax bill, have found the government now receiving $3,833,578 a i year in fines, taxes and penalties and seized property under prohibition laws, as compared with $483,000,000 received from liquor taxes the year before prohibition became effective, and another $1,164,778 collected in customs duties on wines and liquors sent from abroad. 10 Per Cent of Revenue* The $483,000,000 collected in liquor j taxes in 1919 represented 10 per 1 cent of the total federal revenues that year. The 1919 budget was an unusually large one. because of war expenses, and it included income taxes imposed on the basis of war rates. A fairer estimate of the relative, j importance of liquor taxes is found in figures for the year 1915. when liquor taxes accounted for 32 per • cent of the total revenues. ' However. Ritchie, together with numerous members of congress and the research department of the Association Against the Prohibition Amendment, believe the treasury would benefit now. from repeal of the eighteenth amendment, far more than the sum of 1933 expen- , ditures for enforcement and 1919 i revenue from liquor. Counting on increased population, but assuming that the per capita consumption of all liquors would remain what it was before prohibitioh, the Association Against the Prohibition Amendment estimates j that federal revenues from alcoholic beverages would amount to $906,402,224 a year. Based on 17 State* It bases this figure on sale of liquor in only seventeen of the 1 forty-eight states—the fifteen that ; ; provided for legal sale of liquors : at the time the eighteenth amend- j ment became effective, and the two which have, since that time, repealed their state prohibition acts. These are California, Connecticut, Delaware. Illinois, Louisiana, Maryland, Massachusetts, Minnesota, Missouri. New Jersey, New York, Pennsylvania, Rhode Island, Vermont. Wisconsin, Montana and Nevada. They contain 49 per cent of the country’s population. The association bases its figure on I the $6 a barrel tax imposed on beer during the war. If any of the proposals pending before the two houses of congress to legalize beer and tax it should be adopted before adjournment, this change alone would yield revenue estimated all the way from $300,000.000 to $500.000 000. If, at the same time, drastic economies should be made in federal expenditures on account of prohibition. the condition of the federal budget could be improved by at least ' half a billion dollars, without repeal . of the amendment, wet leaders es- i timate. The house will vote on this measure Monday, and the senate will vote again on it before adjournment of congress.

a member of the Lincoln memorial highway commission. The highway will link Hodgenville, Abraham Lincoln’s birthplace, with his boyhood home in Indiana and Springfield. 111., scene of his great triumph, where he was notified of his election as President of the United States. It will follow the historical route of the Lincoln family in making these migrations. Beginning at Carmelton, it will proceed to Tell City, and thence to Vincennes, where the Lincolns crossed the Wabash river into Illinois. Following the Cannelton ceremonial. the Governor's party will be escorted to Tell City for a night meeting %nd banquet in the auditorium of St. Paul's school. Leslie will deliver the principal address.

appearances of the Knickerbockerclad golfer and the eight-hour-a-day alleged business man. But. as we said before, that's all past. For knickers have become the insignia of an era past. , mm*. DON’T believe it? Well, go down to your favorite sporting goods or department store and ask what the welldressed man who plays at golf Is supposed to wear this summer. •'Long trousers, rapidly gaining the nickname, longies,'• you will be told. .

INDIANAPOLIS, FRIDAY, MAY 20, 1932

MELLON IS RIDDLE TO BRITAIN English Expected Lavish Spending, Elaborate Dinners

BY MILTON BRONNER NEA Seri lee European Mn*er. LONDON. May 20—1 Andrew Mellon, American ambassador to the court of St. James, a pale ghost, a frightened deer, a shrinking violet, or a mighty multimillionaire personality whose impress will be felt in the relations between America and Great Britain. London hasn't made up its mind as yet. London is waiting to see. London is waiting to be shown. Uncle Andy has been ambassador for about two months now and-is still almost as much of an unknown quantity as before he came. It wks not the fault of the English papers if their public did not know a great deal about the sut perficial facts of his life. Echoing the Republican campaign books, they said he was the greatest secretary of the treasury since Alexander Hamilton. They dealt at length upon his vast wealth. It was funny reading for Americans living and working in London. The British, together with most Europjans, always have insisted that Americans are dollar chasers, confirmed worshipers of tne golden calf. And, day by day. the main thing the English papers had to tell their readers about the ambassador, who was coming, was that he was one of the three richest men in America. mm* WHEN they got tired of that, they varied the tune by complacently saying that, when he settled down in the embassy in London, he would be the richest man in Great Britain. They told about his quiet manner. his low-pitched voice, his clothes of the finest material, but cut oh so discreetly—in fact, he was quite a nice little English gentleman, not one of those typical hustling, bustling, talkative, more or less flamboyant Americans. One gossip writer told how Uncle Andy thinks nothing of spending a quarter of a million bucks for a painting he particularly wants. , Another made the mouths of British aristocracy water by calling up visions of fat dinners with dainty dishes and priceless wines, thus: "Mr. Mellon, being enormously rich, will now be expected to make his embassy a social rendezvous. Already I hear of cards being presented at his door by people who have not called there for years. 500 TO ATTEND LIONS'MEETING Session in Kokomo Will Open May 22. By l njtcd Prrt KOKOMO, Ind., May 20.—Final arrangements were being today for 1 the tenth.annual state convention ;of Lions International to be held here May 22 to 24. More than five hundred delegates and visitors are expected to attend. Julien C. Gyer, Ft. Worth, Tex., president of the international organization, will address the governors’ banquet Monday, and H. E. Northam. Michigan City, governor of .the North district, will preside at Monday's business session. Jap Jones. Martinsville, governor of the South district, will be chief speaker at the first day’s meeting. Melvin Jones, Chicago, secretary general and founder, also will be a speaker. Officers will be elected at the clos- | ing session Tuesday afternoon. One of the features of the con- ; vention will be the appearance of the Lions all-state band, composed of musicians from every club in the j state. Style shows, teas, breakfasts at the country club, and other social ■ events have been arranged for en- ■ tertainment of delegates’ wives. Golf tournaments and theater parties have been planned for the delegates following the business sessions. stahMsoflwo I • Judge Gause Not Available in Eviction Case. Trials of two i persons arrested following disorder in connection with an eviction attempt May 13 at 2340 Calhoun street were deferred this morning when Fred C. Gause announced he could not act as .‘Special judge in the place of Municipal Judge William H. Sheaffer. Defense and state counsel then chose William S. McMaster as special judge, but date of trial has not been determined. Those awaiting trial are Mrs. Fay Allen, 2338 Calhoun street, mother of four children, and William Grose, Terrace and Keystone avenues. She is charged with inciting a riot and resisting legal process, and Grose Is accused of the latter charge. They were arrested when “constables” attempted to evict Mrs. Merle Ayers and family from 2340 Calhoun street.

WO\V i won'V Hav/F To CHAM6F SCk EVENS’ TIMT I.CMW6F / sr **\** PA*JtS i K i s <* • 3

• m l .jhh ^\ “There hare been no rich , V .JjttMHj United States ambassadors, in the JgjmiSjHkpS# strict sense, since the late Mr. Whitelaw Reid occupied what then -V. j' JBfKKL—was Dorchester house in Park *v'E*^ r * T(m[{/8j Lane. It was the finest private * residence in London. Mr. Reid

“There have been no rich United States ambassadors, in the strict sense, since the late Mr. Whitelaw Reid occupied what then was Dorchester house in Park Lan?. It was the finest private residence in London. Mr. Reid would spend his year’s salary on a couple of banquets and balls.” • TJ'INALLY Mellon landed on the English shores. The English reporters vied with one another in describing him. They could find only poetic adjectives for him —“sHy,” “shrinking,” “timid,’ “frightened.” He made a speech at a banquet in his honor by the Pilgrims. One paper said “he is a man of infinite charm and he has a deep x'und of wisdom and good sense, and every word which he says ;s worth hearing." Another said editorially: “His words are weighted with the sincerity and adorned with the simplicity of the statesman become philosopher, who strives to pass on the garnered wisdom of the older generation to the generation actually in command. But there were a few dissenting voices. There was the hardboiled reporter whose job it has been for years to attend the press

Colonel Lindbergh Started Hop to Paris Five Years Ago Today

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F.ve years ago he was a youngster of 25, a friendly, rather reckless pilot who had just completed a record flight across the continent, and who stood, as you see him here, on the threshold of fame. When this picture was taken at ' Roosevelt field. Captain Charles A. Lindbergh and his monoplane, the Spirit of St. Louis, were ready to start the nonstop, 3,600-mile flight to Paris. That was

GARNER BUILDING PLAN SPUR TO RELIEF FIGHT

By Bcrippt.Tlotrard 'S eimpaper Alliance WASHINGTON, May 20.—Speak-, er John Garner's declaration for federal public works as part of a general program of federal unemployment relief gave powerful sup- j port today to the fight being made by Senator Robert Wagner (Dem., N. Y.) for inclusion of this item in the Democratic bill to be submitted soon to the senate. While Gamer's plan Includes j some of the features of relief plans previously announced by Demo-* I cratic Floor Leader Joseph T. Robinson and by President Hoover, it is in this important respect closer to, that sponsored by Wagner. Gamer's program totals $2,100,- j 000.000, alloted as follows: A federal bond issue of $1,000,-1

Those who already have taken to the new fad claim they are cooler. They don't bind at the knee and when you get down on that last putt, there's no extra length of plus-fours to bunch up under that delicate stroke. Gray flannels hold the lead to date. But there's be plenty of last year's white flannels, with the moth holes sewn, appearing befor long. m m * THEN there are “slacks." that run second to the flannels. But the sad pan is that thoaa

Andrew W. Mellon, the world's richest ambassador whom the British are still trying to figure out, is shown here in the first photograph taken of him at his desk at the American embassy in Grosvenor Gardens, London. At the left is Mellon's daughter, Mrs. David K. E. Bruce of New York, recently among the American women presented to King George and Queen Mary. Mrs. Bruce serves as the ambassador's hostess.

conferences American ambassadors occasionally give. He had sized up the late George Harvey as a man who, between drinks, emitted amusing wisecracks; A. B. Houghton as a person who looked like a frightened rabbit taken from the pages of “Alice in Wonderland;” Frank B. Kellogg as living up to his Washington nickname of "Nervous Nelly;’’ General Dawes as an old cuss with his underslung pipe clenched between his teeth and pounding the table when he was in earnest. • m n WELL, here is how he described the first conference Mellon had with the press: "It was like trying to catch the whisperings of a ghost and when

May 20, 1927. He became a universally acclaimed hero, wealthy, powerful in the field of aviation. He married an ambassador's daughter. Their son was the nation's most celebrated baby. Then came the kidnaping, the frantic search, the finding of the murdered child’s body. Lindbergh is a different man today, made prematurely old by the weeks of horror he has suffered, and from which his country, owing him much, could not protect him.

000000 to construct at once federal public works already authorized, financed by a gasoline tax of onethird of a cent a gallon, or other special taxation. An increase of $1,000,000,000 in the borrowing power of reconstruction finance corporation, with authority to the corporation to make loans to states, cities, private corporations or other agencies wishing to undertake construction. A $100,000,000 direct relief fund to be distributed by the President as he sees fit. The Robinson plan called for issuance of $2,380,000,000 federal bonds, of which two billion dollars would be used for loans to construct self-liquidating public projects such as toll bridges and tunnels, and

who have put off buying knickers all these years, find the finger of economy pointing that way. Knickers are half-price in Indianapolis now, and going down. So. the golfers of the early 19205, who never would wear knickers, also get a break. They still can go on wearing fishing pants for the Sunday golf during the off season with the fish. But then comes the blow to the gigolo. He used to panic around in knickers and lay on the back porch roof to get a suntan. The knickers and the tan gave him something tv talk about.

Second Section

Entered ■■ flaread-CIsM Matter at PoataAca. TadiaunroHa

you caught what he had said, he had said nothing particular." The pendant to this is what another gossip writer said of his speech to the Pilgrims: “In an almost inaudible voice, he carefully read platitudes to the assembled company." The cold fact is that, perhaps, Uncle Andy has disappointed the British up-to-date. He has not proposed that America cancel the debts Europe owes it. He hasn’t bought an expensive painting from any impecunious nobleman. And above all. up-to-date, he hasn’t thrown any big dinner to the nobs and the nabobs. He has been just as “shy” and "retiring" and "elusive” as he was in Washington.

$300,000,000 would be loaned to states for hunger relief. Hoover proposed that th*'reconstruction corporation'* borrowing power be increased by one billion dollars, that ?<oans on self-liquidat-ing projects be made to private corporations and states and cities to an extent unspecified, and that $250,000,000 or $300,000,000 be loaned for hunger relief. Wagner is sponsoring a $2,400,000,000 program, which includes a $1,100,000,000 federal bond issue for public works already authorized, an increase in reconstruction corporation borrowing power to provide $300,000,000 for hunger relief loans and $1,000,000,000 for loans to aelfliquidating projects.

He just had been around the course in 72 . But now, with no knickers, he’s In a bad spot. He’ll look just like the grocery boy on a Sunday date. They’ll both be wearing suntan and long pants. Bans Wife From Restaurant By United Pret INDEPENDENCE, Mo.. May 30 - In filing suit for divorce, Claude Rea asked for and got a temporary restraining order to keep Mrs. Rea from visiting hi* restaurant, where, he alleged, she abused him in front of customers. . y

BIG BUSINESS GROUP TO AID ‘SMALL FRIT Millions Will Be Offered Needy Industries, Farmer and Home Owner. HITS BANK HOARDING Coalition Hopes to Free Money for Relief in Rural Areas. By Unit'd Prrs NEW YORK. May 20 —A powerful coalition of financier* plans to put to work at once millions in cash, or almost three billions in credit, in places not yet reached by tha Reconstruction Finance Corporation or federal reserve credit expansion programs. This will mean, if plan* are successful. financial relief for small borrower* in sections of the country far removed from New York City. Banks in these far sections have used funds released to them to build up their own cash reserves, instead of increasing loans to needy industries, homo owners, or farmers Formation of the committee, headed by Owen D. Young, followed demands in many sections of the country for speeding up the credit expansion program, for drastic means of boosting prices, for speedy distribution of piled-up idle funds in New York, and criticism that financial leaders were taking care of the “big fellows” only. Helps Little Fellow* While members of the committee of twelve would not comment on their plans, because they were not complete, it was indicated that credit for building and loan societies and farm loan banks would be arranged. This would care for the "little fellows" not reached by the larger metropolitan banks. Criticism, in which at least one ; candidate for a presidential nomination participated, had been directed at federal efforts to help these small farmers and home owners, and smaller industries in the rural districts. The Reconstruction Finance Corporation, it was claimed, was helping only the financial interests and large industries. The criticism was denied by bankers, who pointed to the fact that most loans to banks had been made to banks in rural communities, not to banks in New York and Chicago. However, it developed, the banks in the smaller communities, fearing runs, had built up their cash reserves with the new funds. Instead j of relending them to borrowers. j Banks Refuse to ‘Loosen Up’ The federal reserve system then stepped into the picture with an attempt to remedy the situation. It bought government securities in the open market. This released cash to banks, giving the banks still another large sum with which they could extend credit to small industries and small borrowers. Still the banks failed to expand their credit facilities, figures quoted indicated. And now. It is indicated, the large bankers themselves have formed their committee to coordinate efforts of the Reconstruction Finance Corporation and federal reserve system to help tha small borrower the credit expansion plans were intended to help. In the past twelve weeks, it was explained, the federal reserve had purchased In the open market $725,000,000 in govrnment securities. This released that amount in cash to banks for lending purposes. And that cash, too, would have been the basis for seven and a quarter billion in credit. But the bankers hoarded their funds in New York. Chicago banks alone had at one time last week more than $125,000,000 on deposit here, yielding less than one-half of one per cent interest. Good Borrower* Scarce New York bankers claim “good borrowers" are scarce, as they deal only with large corporations. Therefore, it is probable that much of this cash concentrated here will be diverted by the newly formed committee into channels where the little borrower may get it. Members of the committee are: Owen D. Young. General Electric 1 Company, chairman; Mortimer N. Bucker. New York Trust Company; I Floyd L. Carlisle, Consolidated Gas ! Cos.; Walter S. Gifford. American Telephone and Telegraph Cos.; j Charles E. Mitchell, National City Bank; William C. Potter, Guaranty I Trust Cos.; Jackson E. Reynolds, | Firts National Bank; Alfred P. I Sloan Jr.. General Motors: Walter C. Teagle, Standard Oil Cos., New Jersey; A. A. Tilney, Bankers Trust Cos.; Albert H. Wiggin, Chase Na- | tlonal Bank; Clarence M. Woolley, American Radiator Cos. Shotgun Trap Wounds ‘Trapper’ By limit'd Prr* PLYMOUTH. Ind.. May 20.—Paul Logan, 55, a farmer living near here, suffered a severe injury to his right leg today when he unwittingly discharged a shotgun trap he had set for chicken thieves.

Araotlter Fine Selection of w Used Car Values ON PAGE 22