Indianapolis Times, Volume 44, Number 8, Indianapolis, Marion County, 20 May 1932 — Page 17

MAT 20, 1932-

|Nook ißiwnwJ Arnold Bennett

“The Journal of Arnold Bennett Is the June choice of The Book League of America. The trade edition of this modern Pepys diary will be published by the Viking Press on May 27. * * M BY WALTER D. HICKMAN IT must take courage to write novels, tear them all up and then deciding that his thirteenth mas good enough for publication, gave the world "State Fair.” The author is Phil Stong, a successful New York newspaper man, who was bom in lowa. Asa boy he must have loved the state fair, because it must be in the blood to write so humanly of a state institution. The story takes the Frakes family—Abel Frake and his wife Melissa and their two children, Wayne and Margey—to the state fair for an entire week. Mrs. Frakes is crown the champion pickle maker of the state. Abel becomes known as the raiser of the greatest hog boar, Blue Boy, in the history of lowa. The two children are blue ribbon winners in their own way, although they neter advertised their prizes. This time through sex they opened the door which advanced the boy and girlhood ilnto man and womanhood. Margey’s attachment at the state fair was a newspaper man by the name of Pat Gilbert and Wayne's teacher was Emily, the daughter of a race track gambler. After a week's training in the school of life at the state fair, the Frakes family returns to the farm Abel to work to raise something else that will get a blue ribbon: Mrs, Frakes probably to specialize in devil food cakes. Margey to become the wife of a farmer. And Wayne to become the husband of a small town belle. The beauty about Stong's writing is that nothing is outwardly ruined or harmed, in a meek's experience at the state fair. It is this symphonic understanding of the soil and its human, natural people that makes ‘‘State Fair” a tremendously important first novel. It Is published by the Century Company and sells for $2.50. You are going to like this Frakes family as well as "Blue Boy.” because all are so human and natural. a a a A $250 prize for the best cover design for the George Washington memorial edition of Gould's “History pf Free Masonry” is announced by Charles Scribner's Sons, The judges will be Charles Dana Gibson, N. C. Wyeth, Howard Chandler Christy and Harrison Fisher. For information mrrite to the art department, Charles Scribner’s Sons. 597 Fifth avenue, New York City. m a a “Conquistador,” by Archibald MarLrish, is reported by Houston Mifflin Company to be already in its third printing. It is a narrative poem of the conquest of Mexico. a a a Booth Tarkington's newest novel Is to be called “Pretty Twenty,” and he calls his heroine. Gabby Dart, a ‘'collector.” a girl who is interested in getting boys, not holding them. The new book mill start as a serial in the July issue of McCall's. a a a Mrs. Pearl 8. Buck, who received the Pulitzer prize for writing “The Good Earth.” states that it was •written in three months. “I wrote it down.” she said, “just as fast as I could. And I scarcely changed a word of the first draft. I lived in a sort of withdram-n state until it was finished. I thought of nothing else.”

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WORLD ACTION GAN INCREASE SILVER VALUE But Obstacles Are Many; U. S. Won’t Take First Step. Fnßawlfir la tha thirS and Baal atarr af a aarlaa ea the allrer and raid proklna. BY JOSEPH H. BAIRD. tailed Preas SUIT Carrrapaadant. WASHINGTON, May 20—An intensive study has convinced government economists that the value cl i silver can be raised quickly by international action, but the obstacles are many and formidable. So necessary, however, does the | house coinage committee consider j a conference that it made a hurj ried preliminary report on 1U silver inquiry, urging the administration ;to call one immediately. The administration’s attitude so far has been that such a conference Is desirable. But should be called by some nation in which the silver problem is more pressing. Seek Legal Ratio The outstanding theories of rehabilitating silver are. 1. Bimetalism, or the establishment of a definite legal ratio between the value of silver and gold. On thLs theory, William Jennings Bryan fought the presidential campaign of 1896—and lost. The Hoover administration is opposed to it. . 2. Control of silver prices by in- ! temational agreement. A number of variant plans have been proposed, but nearly all of them atm at an agreement by governments to buy silver for subsidiary coinage and not to sell the metal on the world market below a certain price. Some plans aim, too, at restricted production. Either of these theories, observers here believe, would be bitterly fought if an attempt was made to | put it into practice. In the United States there is a strong political bias against bimetalism, a heritage of the Bryan campaigns. Many international bankers believe that a double standard is too cumbersome for use in a I complex financial world. Fear Virtual Subsidy Some economists charge, too, that bimetalism would be a form of violent inflation. Others contend that it would be a virtual subsidy to silver miners and hoarders, who should not be favored more than i the producers of any other commodity. Regarding a conference, the I United States sounded out France and Great Britain recently and found them cool. These countries i —mining little silver themselves—are said to view the problem as one jof cutting production. The United States, w’hose interests control about 70 per cent of the world’s silver production, can see no way to reduce production and puts its faith, rather, in an internationally guaranteed price or in the effect of open market operations, t Selfish interests hamper agreement on methods of stabilization. Silver producers are interested mainly in boosting prices enough to make silver mining pay. Silver users, such as India and China, are interested only in stabilizing their money and do not desire such a radical Increase in price as do the producers. Urges International Action Despite these obstacles, some ob- | servers here feel that sheer economic pressure, resulting from the inability of half the world to buy ! the other half’s goods in normal quantities, will compel an intemaI tional conference. If so, the United States will be

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! prepared to co-operate to an intarI national agreement to boost silver prices, but will consider no plan I which involves the abandonment of • the gold standard. The administration is taking seriously the substance of a recent statement by Reginald McKenna of the powerful Midland ! Bank of London. He said: “It is my belief that prompt international co-operation is not only desirable but imperative at the present time, and that a reasonable stability can be given to the value of silver only through international action.” There is no native species of monkey in North America north of the Rio Grande, although many species inhabit Mext and Central America.

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THE INDIANAPOLIS TIMES

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