Indianapolis Times, Volume 44, Number 84, Indianapolis, Marion County, 17 August 1932 — Page 12
PAGE 12
NEW BOARD TO HELP PREVENT LOSS OF HOMES Rescue of Man Whose Property Deteriorates for Repairs Lack Also Aim. H 7 f niff / WASHINGTON, Aug. 17.—The home loan bank board has set out to slash its way through red tape, and bring swift relief to the small home owner, staggering under the burden of his mortgages. Chairman Franklin W. Fort of the board, in his first formal enunciation of policy, made it clear that he and his colleagues hold as their ideal the rescuing of the man whose property is deteriorating because he has no money for repairs, and can not raise funds because banks have restricted loans in order to keep cash on hand. How It Will Work He explained the technical setup of the board, pointing out that ail the facilities of building and loan a.ssociaitons, insurance companies and savings banks would cooperate in the work. And then he reduced the whole problem to the viewpoint of the average man: ‘‘Well, let us suppose >ou have a mortgage,’’ he said, "held by a savings bank in your city which is due or coming due in the next few months. * "As matters are today, that savings bank feels that it must realize upon its good asseis, where possible, in order to get cash if its depositors demand it. Consequently, it is not inclined to renew your mortgage, and is demanding payment. Must Keep Funds Liquid “At the same time ail the other banks and building and loan associations in your town are likewise anxious to keep their funds as liquid as possible to meet the always uncertain demands of depression times. "You can find no one else who can make you anew mortgage. Therefore, you are threatened with the foreclosure on your home and perhaps the wiping out of your i lifetime savings. "As soon, however, as the home loan bank board is in operation this whole situation should change. "In the first place, the bank which now holds your mortgage can become a part of our system. "Immediately upon its becoming ! a member, not only your mortgage I but 12 per cent of all the mortgages j it holds become rediscountable at the home lean bank. Eases Pressure on You. “Consequently, it does not need to put pressure on you for repayment since, in the event it has need for substantial funds quickly, it can secure them from the home loan bank by a loan at low interest against your mortgage and others. “Finally, the home loan bank, as long as any governmental capital is in the system, will have the power to make direct loans on first; mortgages up to the same percen- ' tage of the value of the property j that they may loan to institutions.’’ j
TRACE INSURANCE DEAL IN TRIAL OF EGAN Fublic Defender Had Woman’s Policies Made Payable to Him. Bu I nitvd Prat* SAN FRANCISCO, Aug. 17. Frank J. Egan, deposed public defender, took the initiative in having the life of Mrs. Jessie Scott Hughes insured, and then had the policies made payable to himself, witnesses testified Tuesday at the trial of Egan and Albert Tinnin for the alleged murder of Mrs. Hughes. I. M. Golden, prosecutor, waded through the maze of Egan's personal financial difficulties during the day, calling witness after witness to show the well-paid defender of the poor was deep in debt. Tinnin. who completed a sentence for attempted murder only two months before Mrs. Hughes was killed, sat. in the prisoner's dock a virtually forgotten man. Not a word of testimony concerned the dapper youth who is accused of dragging Mrs. Hughes’ unconscious body in the path of a heavy automobile, and signalling for Verne Doran, a burglar, to crush her to death. BOWES GIVES AIR CUP Winner of E. St. Louis-Indiarapolis Leg of Race to Get Trophy. Winner of the East St. LouisIndianapolis leg of the Cord cup air which will stop at municipal airport Aug. 26. en route to Cleveland air races, will be awarded the Bowes Seal Fast trophy, it was announced today at Cleveland. The trophy will be presented Cleveland, according to Clifford W. Henderson, race managing director. It is being presented by Robert M. Bowes. Indianapolis automotive manufacturer, who also is offering SSOO in rash lap prizes. raptor’s Wife Dies in Crash By lAuittd Prat* PENDLETON, Tnd.. Aug. 17.—Mrs. Esther Wiggins, 32, wife of the Rev. Raymond Wiggins, pastor of the Colfax (Ind.l Christian church, was killed near here when the auto her husband was driving collided with another. They were starting on a vacation trip. Helpless, After 15 Years of Asthma "I suffered from asthma 15 years.” say* Mrs. Geo. Kiefer, 35 S Vine St.. Indianapolis. ”1 was so bad I could hardly walk across the house, and used to sit up in a chair four or five Bights *1 a time. The second night a'ier tastng Nucor t slept in bed all night. I have not noticed any asthma in over two years, breathing fine, no wheeling, and l sleep fine.” Find out how thousands have found lasting relief. Their letters and other vital information will be sent tree " rite to Nai-or Medicine ’o.. 4<W State Life Bldg . Indianapolis. Indiana.—Advertisement.
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SONG HITS OFTEN JUST HAPPEN
Inspiration of Moment May Mean Fortune for Writer
!V* 1 o Al Jolson mammying on Tin Tan If /'% iB Otto Harbach j- L • m all right on the Alley of Funny This s the fifth of a series of articles , B *Jp M TeniOOS He's the qiitho- vnu on Tin Pan Aliev, mythical street of §8 pOS ' ne 5 lnp autno *- y° u melody. on which the nation s songs are gf* Jfc know, of “Margie,” that mere than — |k Sldß ten-year-old tune that sold twoJACK FOSTER ffiy. fft xM aplt and-a-half million copies. Time, staff writer Mg\ But Con really didn't want to Coovrieht 1932 bv the New York World- ;&,,£ ;•?- MK Den this hvmn It was nnlv heTeleeram Corooratiom MM pen \,7 , * as on *y De _ _ . .. . . SsF“' ■Jm* JBb cause the night, owl, Benny Davis, y WONDER as I reacn this stage $ Jbß| came into his office as he was lam the one who ought to chat gS|pi|||X| jK&Mamt for so much as a paragraph about 1 Bfeßr jBHbH
A1 Jolson mammying on Tin Pan Alley. This s the fifth of a series of articles on Tin Pan Alley, mythical street of melody, on which the nation's songs are written. BY JACK FOSTER Times Staff Writer iConvrieht. 1932 bv the New York World Telegram Corooratiom 1 WONDER as I reach this stage of our conversations whether I am the one who ought to chat lor so much as a paragraph about Otto Harbach. He is a domestic spirit who loves the life that circulates within his old colonial home in Mamaroneck, while a wirc’rss columnist knows little more than the hectic vibrations that throb along Radio Row till the clubs have closed and the doorman has brought in the mat. And yet there are these facts any one can speak of about this ruddy-faced, author of “No, No, Nanette.’’ "The Wild Rose.” "The Desert Song, ’ "Wild Flower” and so many others. A former college professor and advertising cony writer, he fashioned as Otto I-lauerbach his first book twenty-five years ago. It was “Three Twins” and he received SIOO flat for it. whereas if he had received royalties he would have been started on his way to fortune. Anyhow-, he soon participated in that great success. "Madame Sherry,” with its immortal" Every Little Movement” melody, and after that his name has been smothered rare in hits. Victor Herbert—they are telling an anecdote rbout him last night as the coffee cups filled with cigaret butts. It. was at an annual birthday pa: y given for Max Dreyfuss in his Bronxville homr at the Mire when Herbert's "Orange F’c urns" just had bern produced ard proved to be a wretched failure. A ; cr s”ng writer spied Herbert pee ng rather sheepishly through the curtains into the . eir. „ic swung on to the piano sol and for fifteen minutes p a;, v.. anew waltz that somehow caused all chatter to be*hushed. As he quit, he turned to Victor Her.e.t. •v gardkss of what happens to ‘Orange 31. sems,’ ” he said meekly to Mr. Herbert, “this waltz will n\e forever.” a a a THIS waltz was "A Kiss in the Dark.” This young song writer was Con Conrad. I mentioned ycung Mr. Conrad in connection w-ith his unsuccessful “Pretty Puppies” tune a while ago. but Mr. Conrad is too diverting a fellow to dismiss with a single failure. Take, for instance, that mad request made by Massa Alfalfa Jolson a few years ago. Massa Jolson. it seems, wanted anew southern hymn as badly as all get out. suh. So he wired Mr. Conrad and Buddy De Sylva to join him as rapidly as a- train can rattle into St. Louis. They brought with them “Dont Cry, Suwanee,” a quidkie. A
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W. C. Handy, sire of the “blues.” quickie is a tune that even itself is embarrassed by the celerity of its birth. After Conrad played it for him, Jolson effervesced: “That’s great! But w T hat we need is another April Showers’.” That wrs always he way with Jolson; he never really expected anything exceptional from a fellow. “And,” he said on second thought, “I've a notion that if we could take sight bars from ‘Adeste I .delis’ we would have a sensation.” Well, “Morning Will Come” came to life then and there and A1 Jolson took it with him to Toronto. When the Canadians heard this renovation of “Adeste Fidelis”—"Come All Ye Faithful” —they rose in their seats, cheered and demanded one encore after another. Well, even to Broadway came the chant:—“Jolson's got a hit., Jolson’s got a hit.” “What’s Mat you soy, Jo’s; n's got a hit?” And the general ;anager of Harms paid the fa’o ous advance of $lO,000 for pern 'ssion to publish. v a e WELL, he published it, indeed But the song didn’t sell any more copies than “Pretty Puppies.” However, the firm earned back us advance by having the song recorded this up-to-date verr'eo of “Come All Ye Faithful”— i 'h' back of “Yes, We Have - •'as..” Yet V* ' C mad's quite a kid
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Life has a way of evening up thing's. One 8-column headline on Tuesday carried the story of a tragic crash of a famous air ace. Below it, another headline
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announced to the world the arrival of anew son to the Lindberghs. An event that makes the whole world forget its racial, political and religious differences in wishing the parents their deserved happiness. ana And while the kiddies were agog over the arrival of Colonel Lindbergh, Jr., right on the back page of this paper there was a headline about school opening up September 6th. Always something to take the joy out of life. a a a Credit this one to Monday’s Times: In Latin-America the unsuccessful Presidential candidate makes two races. First he runs for office and then he runs for the border. a a a Tune in the Rose Tire Ruddies tonight at 6:45 P. M., WKBF. mum
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Otto Harbach all right on the Alley of Funny Tempos. He's the author, you know, of "Margie,” that mere than ten-year-old tune that sold two-and-a-half million copies. But Con really didn't w'ant to pen this hymn. It w?as only because the night, owl, Benny Davis, came into his office as he was
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about to start for a football game and asked him to write some music for a song he had conceived. Con and Mr. Robinson slid on to the p,ano bench and pecked out in three minutes a skeleton version of what became "Margie.” But he wasn't sure whether it was more than a dud. so he took it to Virginia, manicurist in the Strand barber shop on Fortyseventh street, who has heard more good tunes and bad tunes hummed to her than any other miss in the world. b a a ANYHOW, Virginia, the manicurist, vowed that "Margie” was sensational, probably a terrific hit, as she always says of all new tunes that are hummed to her. And Mr. Conrad published it and began an eccentric manner of plugging it. This was at the time of the Harding campaign. Thus in every parade he would hoist a piano into a truck and drive down the line of march, singing ‘‘Har-ding, I'm Always Thinking of You. Harding,- ’ to the tune of “Margie." Well, the oftener the police heaved him out the more his song was talked about, and the more his song was talked about the greater his sales became—till finally he made a fortune on this freak of circumstances.
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FORMER JUDGE IS THREATENED Phone, Calls Menacing Whallon Are Investigated. Threats on the lives of Thomas Whallon, former city judge, and Mrs. Whallon. 3015 North Meridian street. Apartment 202, were being investigated today oy police. Mrs. Whalon reported that late Tuesday she received a phone call from an unknown man inquiring if Whallon were home. "If he is. I’m going to kill him," Mrs. AVhallon said she was told. Later, a second unknown man called, declaring himself to be a ; nephew of the first man. whom, he said, is “crazy.” Mrs. Whallon was ; told to "get out of town” for a few days.” she said. W’hallon told police he knew of no reason for the I threats.
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16TH ST. FETE PLANNED Festival to Be Held in Celebration of Artery's Widening. Festival in celebration of the widening of Sixteenth street will b? sponsored by the newly organized Sixteenth and North Illinois Street Merchants' Association Sept. 17. William L. Betz, chairman, announced today that entertainment for several thousand persons is planned. Lights will be strung along Sixteenth street from Meridian street to Capitol avenue, and along Illinois street. Officers of the association are: Homer Wiegand, president: C. F. Mitchell, treasurer, and I. F. Heidenreich, secretary.
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MERIDIAN AUTO LAUNDRY FRED H. BOWEN, Mgr. Now at Its New, Modern Quarters 824 N. Meridian Opposite Public Library We Invite lour Inspection