Indianapolis Times, Volume 44, Number 103, Indianapolis, Marion County, 8 September 1932 — Page 2

PAGE 2

RECOGNITION TO SPUR TRADE, IS SOVIET’S VIEW Credit Restrictions Would Be Relaxed, Russian Leaders Believe. Thl* I* the second of three articles canvasslnr Soviet opinion on the subject of trade relations with the United States. BY EUGENE LYONS United Press Staff Correspondent (Copyright, 1932, by United Press* MOSCOW, Sept. B.—Soviet economic leaders predict a great increase in trade with the United States, if Moscow is recognized by Washington. They base their expectation on the theory that credit restrictions almost would be relaxed automatically as soon as the legal protection afforded by diplomatic relations is available. Outright or indirect discouragement of credits to Russia by government departments in Washington undoubtedly has affected the volume of trade. Russia needs credit before it could make the heavy purchases of American goods, which it would like to do under the second five-year plan. Gild for such deals hardly could b negotiated. Soviet leaders argue chat much of the American money which has gone to Germany in the past to finance manufactures for the Soviet market would be available to American manufacturers, and that additional financial support would be forthcoming as the atmosphere of distrust and uncertainty is dissipated. Hold Down U. S. Orders Soviet American trade, about 85 per cent of its imports being from the United States, fell from the high point of $180,000,000 in 1930 to some $70,000,000 in 1931, and to a negligible figure this year. The world crisis doubtless was one element causing the decline, although Russian purchase in Germany, England and other countries grew at American expense during the period. A deliberate Moscow policy of holding down orders to American firms clearly has been in operation. Dozens of American business representatives can testify to that from their own dealings with Russian organizations since the precipitate decline began. Russians contend that without diplomatic protection, or at least a formal trade agreement, they enter the American market, whether as buyer or seller, at a great disadvantage compared v#th other nationals. Their people and their properties have none of the customary legal guarantees against arbitrary official actions, and they have no recognized standing in* American courts. Need Solid Legal Base Even more important, they feel that the absence of a solid legal base makes American firms and banks panicky in dealing with the Soviet Union, which is reflected in higher prices. Moscow knows that its paper is feeing discounted at rates as high as 30 per cent, which in the long run must be paid somewhere in the sales prices. Beyond those considerations, moreover, is the Russian hope of eventually obtaining a sizable loan in American money markets—a loan commensurate with the gigantic industrial construction work under way here. Unlike some European borrowers, Russia insists she would use such a loan solely for productive purposes. and that every cent of it would be spent in the United States. The above are some of the principal reasons for Soviet officials desiring diplomatic rotations with the United States —mainly for practical purposes as they point out. HIGH TIME FOR WHILE. BUT IT'S DULL NOW Providing Diversion for Passersby Costs Liberty for Ten Ddys. Ten days in jail is being served by Clifford Grigsby, 1246 South Meridian street, for providing diversion to passersby in front of the Chamber of Commerce building. Grigsby begged money. He seized a woman roughly by an arm. Patrolman Curtis Barge, appeared and was seized. “You might as well give me some money as anybody else. I want to go home,” Grigsby said. Paul Roehford, police judge pro tern., Wednesday decided Grigsby had been drunk, and sent him to jail.

Absent Last 13 Years; Rule Man Legally Dead

Left to Find Job and Never Came Back: Wife to Get War Compensation. Absence for thirteen years was the basis on which circuit court has ruled Ferdinand M. Stauch, World war veteran, legally dead. His wife, Mrs. Marie Stauch, of IS 1 !* North Oakland avenue, obtained judicial confirmation of her husband's death that she may collect his government compensation insurance. Married in a southern army camp in 1916, Mr. and Mrs. Stauch lived in Indianapolis until he left home March 28, 1919, for Danville, 111., to find a job. Search since then by relatives and the wife has failed to reveal a clew concerning Stauch, who is entitled to several hundred dollars for his war service. He served as a sergeant in Company M, One hundred forty-eighth United States infantry from 1911 to 1918. The compensation money, if secured, will be used to support Stauch’s two sons, Ivan and Ferdinand Jr. Stauch’a relatives live in and near Greencastle, his former home. A eister, Mrs. Fred Thomas, Greencastle, testified she had sought her brother throughout the nation^ The United States treasury de-

Dean Named

H

G. Herbert Smith

For the first time in De Pauw’s history, a dean will direct the activities of first-year men. G. Herbert Smith, graduate of the class of 1927 and formerly of Marion, Ind., has been appointed to the post. In addition, he will act as assistant director of the Edward Rector scholarship foundation under Dr. Henry B. Longden.

TOO MUCH CHICAGO! German Consulate Employe Sentenced as Embezzler. By United Press BERLIN, Sept. B.—Willi Strehlow, formerly secretary of the German consulate in Chicago, was sentenced today to fifteen months imprisonment for embezzling consulate trust funds intended for the support of illegitimate children of United States soldiers in the Rhineland. Strehlow said blackmailers got him drunk in a Chicago speakeasy and put him into a room with a 14-year-old Chicago girl, later extorting money, which obliged him to embezzle funds when his own were exhausted.

RECORD LIBRARIAN AT M. E. HOSPITAL NAMED Mrs. Mebel Ellen Tracy Gets New Post at City Institution. Appointment of Mrs. Mabel Ellen Tracy as record librarian, and inauguration of the unit system of filing medical records is announced at Methodist hospital. am method of filing data concerning The new librarian is an Indiana yK W university gradu- *Jj • ... ate, and has done i Bag special work at 1 the university. K. ' Id Before assum- flk ing her duties, she mm will study for a % short period this *' fall in the Uni- Mrs. Vracy versity of Chicago and will attend a convention of record librarians next week in connection with the annual meeting of the American Hospital Association.

Coronation Time Is Here for Brown Derby King

Spectacular Parade Will Precede Jollification at Fairground. “Wings went fooey. Engine went hooey. Pilot went blooey.” This succinct telegram by telephone via letter arrived today at The Indianapolis Times office from Jo-Jo, the dog-faced judge of the Brown Derby, notifying Tom Quinn, winner of the saffron crown, that he would be enthroned tonight at 8 o’clock in front of the grand stand at the state fairground in a 7!i kelly instead of his own personal size, 7 :i 4. Jo-Jo in a plane attempted to reach Hatbury, Mass., and return to Indianapolis in time for the coronation with the proper hat size. His failure means that Quinn may meet with the most dire fate of man being crowned —his ears will hang out like the starboard light on Jo-Jo’s plane. Be there to see those ears! Promptly at 7 p. m„ the parade of

partment said Stauch never had applied for the compensation. Mrs. Stauch formerly lived at Cloverdale, Ind. ' DISPLAY CAKE TALENT Clayton and Frankfort Women Are Best at Fair. Two families in Indiana have no reason for eating in restaurants. They are the relatives of Mrs. M. E. Rynerson, of Clayton, and Mrs. William Paxton of Frankfort. Mrs. Rynerson was sweepstakes cake winner in 1931 and runner-up this year. She baked thirty-two cakes and eleven cookies for entrance and received twenty-eight placings, with ten firsts. Mrs. Paxton won five firsts out of nineteen pies and placed with eleven other entries. Pool Shows Many Plants Approximately every plant grown in Indiana is shown in the water lily pool of the floral show at the state fair this year. The lily pool is the centerpiece, with all other plants bordering it. it was designed by Mrs. Glenna Carlisle of Indianapolis. On Dec. 31. 1931, railroads of the United States were operating over 260,000 pUJes of rails.

HOME LENDERS FAIL TO JOIN IN MORATORIUM ‘Mortgage Holiday’ So Far Confined to Closed Banks of U. S. By Rcripps-Hotcard Xcwspapcr Alliance WASHINGTON, Sept. B.—The administration moratorium on home mortgage foreclosures appeared today to be confined thus far to the narrow limits of closed national and state banks. There is no indication of any ma, jor move on the part of solvent institutions, holding the bulk of the nation's $12,000,000,000 home mortgages, to follow the suggestion of Chairman Franklin Fort of the home loan bank board for a sixtyday suspension of all foreclosures. The proposal was made by Fort, Aug. 27, when he announced to President Hoover’s national conference of business and industrial committees that the comptroller of currency had ordered receivers of insolvent national banks to suspend foreclosures for two months until the home loan system was in operation. Forty States Co-operate Fort accompanied the announcement with telegraphed requests to state banking superintendents, asking them to “instruct receivers of closed institutions to withhold or delay foreclosure proceedings for at least sixty days, thus offering a chance of preserving the equity of the owner.” This request has been granted in forty states. At the same time, Fort appealed to the conference to “help to see not only that receivers generally grant this respite, but that other lenders do likewise.” Fort reports pledges of co-opera-tion, but is unable to estimate the extent of this proposal’s acceptance The order to receivers of closed national banks has affected about five hundred institutions, the treasury department estimated today. More than six thousand solvent national banks, however, were unaffected, and still are free to make foreclosures as they see fit. There are some 15,000 state and saving banks and 12,000 building and loan associations whose power of making foreclosures is unchanged. No General Mortgage “Holiday” Although Fort explained that a sweeping order for a moratorium on all foreclosures was not within the power of the government and that he could only urge such a suspension, the impression was created among many home owners that a general mortgage “holiday” was in effect. Fort said that he has received “many informal pledges of co-oper-ation" for a voluntary cessation of foreclosures by solvent institutions, but he was unable to make any estimate of the extent to which the proposal had been adopted. “I can only express the hope that the suggestion will be widely adopted,” said Fort. “I believe a suspension of foreclosures will be desirable to mortgage banks, since when the home loan system is in operation, we expect a general loosening up of mortgage credit and it thus will be to the financial benefit of institutions to resume their home mortgage activities.”

Quinn, mounted high, they say, on a kingly truck, will leave the front of the White Furniture Company, 247 West Washington street —the king's office—for the parade to the coronation. A quintet of firemen playing just any piece they can pick up on the road to the state fair will escort the King of 1932. Motorcycle cops will brush the multitude out of the king’s path on his triumphal march and keep cabbage-bomb tossers from endangering his life. The parade will go north on Meridian street to Thirty-eighth street and thence east to the fair ground. The ceremonies will begin at 8 p. m. in front of the race track grand stand. The crowning talks will be heard over a. loud speaker. The crash of the pile-driver will be heard as it smashes the undersized kelly on his dome. Tonight's the night! Get a front seat! See the Man of Men wear the hat he’s never w'orn before! See King Tom I wear the regal robes and diadem of the BROWN DERBY. Hear him tell why he's the city’s most distinguished citizen! Go by velocipede or perambulator, but GO!

MONEY SAVED fe.NS"KBS WARNERIZC \ vtrv satisfae- „ tory results 1. . WA obtained. War--1 ] nerizinr moin city’s RE-SEATS VALVES f|| Apply It Yourself; Cost Has your car lost its pep? Engine valves need re-seating. No need to put car in the shop. TV VRXEBIZE restores power, speed and pick-up that the car had when new. Any boy can apply it easily, in a few minutes time. Cannot harm motor. Re-seats every valve, while the car runs. GUARANTEED 18 imorove performance vwnnnnil.LV or montr refunded. Buy IVARXERIZE, at leading Auto Supply Stores. Garages. Service Stations. for One Dollar. Apply It to the motor yourself. If you are not entirely satisfied with results, return empty packag • to dealer and he will refund your dollar. k

THE INDIANAPOLIS TIMES

Ayres Downstairs Store

* Epaulet Shoulders • High Necklines * Leg o Mutton Sleeves * White Collar and Caffs , ( V*j£ j|o * Fitted Waistlines * Lots of Buttons VjyT # Straight Skirts * Material Contrasts —These Are the Features That Make the New Edwardian .. „ ™|liSDresses for Fall ||p| Blffi { V |p" So Easy to Wear £'j j * | ... j; i, r Purse, Too! s^■9s f| ' rf'l Dozens of smart, feminine looking details have been borrowed from the pjl|r : n Edwardian period, to make autumn, 1932, dresses the things of beauty I that they are! Every detail accentuates the “hour-glass” silhouette: \ \ II l I T' V\idened shoulders, fitted waist, rounded hipline and straight, handsome \v I | / i~~ mm ‘ |i I j ’ j skirts! And, a .t this price, QUALITY that endures! Sizes for women, —AYRES’ Downstairs Store. CHILDREN'S Women's and Misses' Women's Dull Rayon I Women's and Misses' “Buster Brown” GIRDLE Dimple Cloth Cotton Crepe School Hose Brassieres Undergarments Nightgowns 19c pair $ 1 .oo 3 f ° r $ 1 60c Choice of chemise, bloomers, First quality stockings of the These splendid girdle brassieres panties, stepins or vests at this Real QUALITY gowns of cotton nationally advertised Buster Brown form a perfect foundation for new price—all first quality! In good crepe—neatly tailored—and trimmed brand. Full length; mercerized; dress fashions! With or without looking, sturdy rayon dimple mesh. with lace or contrasting color, fine or English rib; sizes 6 to 9J4. inner belt; elastic inserts. 34 to 46. 34 to 42. Flesh or white; sizes 16 up to 20. —AYRES’ Downstairs Store. —AYRES’ Downstairs Store. —AYRES’ Downstairs Store. —AYRES’’ Downstairs Store. You Buy Quality and Service When You Choose Our Fine Guaranteed for 2 Years IS jrHBI J|H 63x99 or 72x99 Inches SsHß72x9^Hßd|H Our “Truth” sheets are among the finest that you can jSjW P buy—64x64 construction—bleached pure white—no Mk w KpS■BflSifQßlßßHfflflffil ' filling—round, firm threads—comparable to the best MmB 5§S nationally advertised brands! H§ JS mm S IvP Also t( Radio" Sheets, 81x99 , 69c Wffi iBBIM -AYRES’ Downstairs Store. “ <*.ommoetrAC H >~. pac*k: h.us JS* 1 BP® ■ Bill B _ AA I i® V World-Famous Manufacturer's EnNew Fall Hats sale ! ’ ’ Styles _ Full-Fashioned 0k- Th “ Pre, "‘ Silk Mesh Hose JK <C J QQ Made to Sell at THREE or SIX TIMES This Price—h m These are among the finest mesh hose Wm made—and both first quality and sub- Affiß Momk / M * Fashion’s fall hats are very small—and standards are included! Finest of pure If MB H dm / they have a definite forward movement. silks! 48-Gauge fine! All full sash- Ilf 1 I Choose them Friday for only SI! There are ■ „ ■, T _ ~ , ... , - , HfL wSh/BM ■ ■ tiny brims, tiny turbans, cuff brims, cloches, 1 ne “. In these beautiful and popular wP J and sailors with little brims and flat crowns. weaves: Witchery, Straight-and-Nar- ■ l\ / in felt, velvet, wool crepes, and novelties. row and Bridal Veil. Sizes B*/2 to 10. AIM p . V/ Black, brown, burgundy blue and green. A remarkable “buy”! —AYRES Downstairs Store. , , —AYRES’ Downstairs Store. ■■■■■MBHnHaWHHHnBWHnHBHHaHIMHHr ■■■HBHHnHBBHnHHBHBBnHMDBBnHIMSnar' — ■ ■ ■■ —— — For Real Comfort, Try— Fashionable Rough AyresArch Brace Shoes Silk Canton Creue (Also Comforting to the Purse) w *#s*** made' IT T" rowyou'ean r„ s „r,r s s: q* oc *• jusi in #ll a est possible amount of comfort—yet they come JV Jf BJfl| in a good assortment of really smart styles— —BLACK —RHUM BROWN K straps, oxford—black or brown. Also nurses’ Jfir ’■ v*VV TUIIIT RFPTRfinT fli _ oxfords in black or white. Sizes 4to 9, AA |SHH ’' ' t>ULt< rSFF IKUUI IB W&EBj 40 D —BORDEAUX —RUSTIC GREEN ■ D. NOTE THESE FEATURES: 1. Combination Last 6. Metatarsal Support Rayon Canton Crepe New Rough Crepes 2. Narrow Heel 7. Cupped Heel * r ° ” 1 Amni Tft. e v,, m „ , ts . And here is the new mm A A fine assortment of the 3. Ample Toe Room 8. Narrow Ankle Fit rough Canton Jn rayon EQ very fashio nable crinkle C ■ 4. Reinforced Arch 9. Cuban Heel instead of silk, at a bar- mj |p crepes and Jer ho crepes and I 5. High Moulded Shank 10. Rubber Heel Lift gain price. Fall colors! In smartest fall colors! B # —AYRES’ Downstairs Store. • V —AYRES’ Downstairs Store. Guaranteed Fast Colors! Special for Friday Only! • Fine, Sturdy Quality! Girls’ Wash Frocks Childs’ Wash Frocks Kmckers for Boys New fall prints in light or ■■§ Little tots’ fine, fast color ■■ Extra full cut knickers with knit gM dark colorings—dresses made in MM frocks at nearly HALF PRICE! grip bottoms. Made of long-wear- A dainty new girlish styles, with W Q In prints and broadcloths. Sizes ™ I Q Ing, hard finish fabric—in grays and dainty trimming; sizes 7to 14. Zto 6. Abo infants’ frocks, 59c. M 0 browns. Sixes 6to 17. Girls’ Gym Suits, blue or green.. Children’s Rayon Bloomers, 2-16. .29c Boys’ Heavy Slipover Sweaters. 50c Girls’ Plain or Novelty Blouses.. .59c Infants’ Cotton Hose (seconds).. .IOC Boys’ Corduroy long Pants $1.95 lVool Skirts, tuckin or bodice SI Infants’ Nainsook Dresses, soiled. Boys’Fast Color Blouses 59c Girls’ Wool Jersey Dresses $1 1 Children’s Play Suits (2 to 6)... .29C Boys’ “Pepperell” Shorts 25c Girls' Rayon-and-Cotton Slips 59<* I Wool Sweater and Beret Sets $1 Boys’ Cotton Outing Sleepers. . 59c Girls’Wool Slipover Sweaters $1 I Boys’Fast Color Wash Suits 59c Light Weight Ribbed Union Suits.39^ AY'RES’ Downstairs Store. I —AYRES’ Downstairs Store. —AYRES’ Downstairs Store.

■SEPT. 8, 1932