Indianapolis Times, Volume 44, Number 207, Indianapolis, Marion County, 7 January 1933 — Page 3

JAN. 7, 1933_

INTEREST EATS BIG SHARE OF SCHOOL FONDS $102,460 Paid on Library Bond Issue, With None of Principal Retired. BY LOWELL NLSSBALM Back in 1911, the citizenry of Indianapolis deemed it advisable to build anew public library, and the school board obliged by purchasing a site at Meridian and St. Clair streets, paying for it by issuing $125,000 in bonds. Today, the school city still owns The. site, on which a handsome structure has been built, but it also owes the entire $125,000 bond issue, despite the fact $102,460 in interest has been paid. The bonds will not mature until 1946. This incident, together with many similar ones, shown in a report compiled today by A. B. Good, schools’ business director, provides a strong argument for backers of the "pay-as-you-go” plan. Since 1872, when the first Indianapolis school bonds were sold, the school city has issued a total of $15,674,300 in bonds. It still owes $10,644,000 of that total. Cost Is Enormous Bond totaling only $5,030,300 have been paid off in that 60-year period, but the staggering sum of $7,053,688 has been required thus far for the privilege of keeping up with the building needs of a growing school population, and passing the bills on to posterity. The practice of issuing bonds v/as started by the school city in 1872, when SIOO,OOO bonds were sold. At that time the board w'as informed by its attorney, school records reveal, that the law permitted it to assume an indebtedness no greater than that sum, and required that the bonds be retired within five years. To meet this retirement provision, the board refunded the issue four times, until the bonding power was enlarged in the ’nineties. After that, issuance of bonds to meet cast of constructing school buildings and acquiring sites became a regular practice, but no extensive issues were sold until 1919, when the board issued $1,300,000 for a unit at Tech, for repairs and real estate. Amount Keeps Increasing Tn 1920 issues sold totaled $4,236,000, while in 1921 an even greater amount of bonds, $4,736,000 were issued. Nearly $12,000,000 of the total amount of bonds issued in the sixty year period was sold in the last thirteen years. Thirty years ago, in 1903, an issue of $200,000 was sold. Os this amount, $72,000 still is outstanding and will not be retired until 1934 and 1935. Interest thus far has totaled $183,365. These are the oldest bonds still outstanding. The following year the board floated an issue of $150,000, on w hich $140,962 interest has been paid and $112,000 of the bonds still are outstanding. Although the main library site ■was acquired in 1911 bonds for the library building were not authorized until 1915, when a $500,000 issue w'as sold, the entire issue to mature in 1955.

Only One Rond Retired Only one SI,OOO bond has been retired, leaving $499,000 outstanding, and the school city paying out $21,000 interest annually on the issue. Thus far, interest on the library building has totaled $361,228. Thus the library site and building bonds totaled $625,000, of which only SI,OOO has been paid, and on which interest already has amounted to $501,290, and which at their maturity, will total $1,055,290, which is $430,000 more than the bonds. Many other amazing facts are Shown by Good's summary of the schools’ bonded debt. In 1894, the school city sold a $60,000 issue, which has been paid off, but which cost $62,100 in interest. An issue of $1,645,000 for building the Teen shop and power house and Schools 22 and 26 was sold in 1920. These bonds will not mature until 1940, but the board has bought up and retired $202,000. Interest on this issue has cost $947,952 thus far, and by 1940 will have cost $1,496,202. Interest Equals Principal Considering the fact that the bonds were sold at a discount of nearly $200,000, the interest in twenty years will equal the principal. The present school board, Good pointed out, has retired more bonds than it has issued. Since Jan. 1. 1930, when the present board came into power, bonds totaling only $700,000 have been issued, while other bonds totaling $1,247,000 have been retired, a net reduction in the bonded debt Os $547,000. BANDIT OUTWITTED BY AGED WIDOW Darts Inside Door, Calls for Neighbors’ Aid. Mrs. Julia Ooghe, 70-year-old widow, outwitted a bandit Friday at her home. 1448 West Washington street. Answering the doorbell, Mrs. Ooghe faced a man about 30. who walked in. •‘l'm an agent.” he said. “Give me all your valuable papers.” “I have none," Mrs. Ooghe said. Drawing a revolver, the intruder said: "This a hold up. Give me everything valuable you've got." Mrs. Ooghe backed away. Reaching a bathroom, she darted inside and locked the door. Raising a window she called for help. Neighbors began running toward the house and the intruder fled. The effect of marine climate on paintings and art objects is being investigated by the International Museums office, with a view to knowing the best precautions against damage in overseas transportation.

LINER NOW ONLY SMOLDERING AND DRIFTING HULK

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Nothing remains of the $18,000,000 French luxury liner Atlantique but a drifting, smoldering hulk in the English channel. The burning of this queen of the French south Atlantic service may have cost the lives of as many as thirty of her crew of 200 when they w r ere taking her without passengers from Bordeaux to Le Havre on a trial run. The French government plans an investigation of the causes of the tragedy, thus far totally unknown, and others which have recently overtaken the French merchant marine. Above, the Atlantique as she entered service, fifteen months ago. Right, the smoke-enveloped hull, photographed from an airplane which rushed the picture to London, whence it was transmitted to the United States by radio. BILLS TO POUR ON LEGISLATORS Scores of Measures Await Inauguration Monday of McNutt. Indiana legislators w'ere waiting for the inauguration Monday of Paul V. McNutt as Governor, as the starting gun in the deluge of bills w'hich have been prepared. The state legislative reference bureau reports that it alone has prepared 137 bills for members, which is five more than the number written at the same time in 1931. Not only are platform pledges covered in these measures, but many have gone far beyond in order to strike at departments to which they are averse. Two score or more of the bills are aimed at various levies made mandatory under the statutes, while several affect township government with a view toward consolidation of these and so obtain reduction of governmental units and expenses. Representative Fabius Gwin, Shoals, has prepared a bill reducing the salaries of township trustees because their duties have been reduced one-third by recent assemblies. Senator Herbert V. Tormohlen, Portland, is framing a bill setting up a state aviation board and providing for examination and licensing of pilots and planes.

Mrs. L. H. Brink to Play in National Bridge Final

New Legislators Pharmacist Is Named to Seat in Legislature

Bern B. Grubb, new joint representative from Tippecanoe and Warren counties, is a native Hoosier, born at Harlan, Allen county. Grubb was educated in the public schools and the Indiana State Normal college. He taught school several years before pursuing the profession of pharmacist. Owned and operated a retail pharmacy in Knox county for

eight years prior to engaging in p h a r maceutical manufacturing in Lafayette. His affiliations include fraternal, social and civic organizations, the Lafayette Chamber of Commerce, Indiana Pharmaceutical Association, Am e rican P h a rmaceutical Association, scientific and commercial section of the latter organi-

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Grubb

aation, and National Wholesale Druggists’ Association. Particularly interested in restoration of local control of government and “getting government out of business." he also is interested in public health and education legislation. Marriage Licenses Kerman Smallwood. 50. of 3301 Hover street, painter, and Sarah Anna Alien, 39 of 3301 Hovev street, houseworker. Emmet Robert Miller. 24. of R. R. 5. Box 41. clerk, and Audrey Mary Gutsch. 22. of Indianapolis. Jacob Wolf Marcus. 37, of Cincinnati. 0.. correspondent. Eunice Irene Harvey. 24, of Lincoln hotel. Guy E. Bowman 49 of 320 West Washington street, operator, and Marv Adelade Hoctor. 33. of 4014 West Washington street, factory worker. James Donald Carter. 33. of 1601 Edwards avenue, mall carrier, and Mary Louise Moorman. 18. of 60 North Chester Anthony Simon. 22. of Ft. Benjamin Harrison, soldlier. and Victoria Ann Schaffer. 18. of 768 North Haugh street, houseworker.

Fletcher Ave. Savings & Loan Assn. _ _ __ . _ Has Paid Dividend* 10 E. Market St. “ “7u,V"

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—Airplane picture copyright by NEA Service, Inc., 1933. transmitted by radio.

Heart Disease Leading Cause of Deaths Today Malady That Brought Coolidge’s Sudden End Is Common Among Persons Over 40. P,y Science Service WASHINGTON, Jan. 7.—Heart disease, one form of which took the life of Ex-President Calvin Coolidge, are the leading cause of death today. In the United States the American Heart Association and similar groups have been organized especially to fight this growing cause of death. At almost every large medical and health meeting in recent years, heart diseases have been discussed, especially from the preventive angle. Some types of heart disease may be prevented, while in other types, untimely death may be w’ardcd off.

The death rate from heart disease has been rising since 1868. In 1930 the rate was about seven times as high as in 1868, a recent survey showed. The 1930 death rate from heart disease was 366.6 per thousand. The increase in deaths from heart disease all has come after the age of 40. There are at least three chief heart diseases each with a characteristic natural history. They are

Winner of Times Tourney Unable to Make Trip, So Second-Placer Goes. Due to inability of Mrs. J. I. Hurst, 5649 Carrollton avenue, to make the trip, Mrs. L. H. Brink, 5655 College avenue, will leave this afternoon for St. Petersburg, Fla., to represent Indianapolis in the finals of the American Bridge League national contract finals. Mrs. Hurst was the winner Wednesday night in the district championship finals sponsored by The Times, and Mrs. Brink won second place. Tournament rules stipulate the second place winner be awarded the free trip to the Florida winter capital, if the victor is unable to attend the finals, for any reason. Mrs. Brink will leave Indianapolis at 2:10 on the Big Four via Cincinnati, there taking the Flamingo, the L. <fc N.’s crack southern flier, which brings her to St. Petersburg early Monday morning to begin play against district winners from other large cities. Run Over By Truck; Dies Bii I nitrd Prep* ANDERSON. Ind„ Jan. 7.—William A. Dietzen, 52, was killed instantly Friday when he was run over by a truck driven by Howard Kow'ell, Akron, O. Kowell was exonerated by the coroner. Mouse birds of Africa are dullcolored birds, with very long mouselike tails.

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THE INDIANAPOLIS TIMES

rheumatic heart disease, syphilitic heart disease, and arteriosclerotic heart affection. Rheumatic heart disease is the result of rheumatic fever. The greatest number of cases occur at the age of 7. If the heart is involved at once, as often happens, death occurs generally before 30, certainly before 40 in most instances. Affections due to arteriosclerosis — hardening of the arteries—take their toll of death in the later decades, and to the end of life. Physicians and health authorities have in recent years advocated annual medical examinations because these often reveal unsuspected heart diseases. When such a condition is known, it is sometimes possible to guard against factors W'hich w'ould bring on a~ fatal heart attack, and thus perhaps to lengthen the patient’s life.

FORCE TRUSTEES TO AID POOR, IS PLEA Oust Township Officials Who Refuse, Hewitt Recommends. Trustees who refuse to give aid to the needy in mining districts should be removed by the Governor, it w r as advocated Friday by Dr. John Hew'itt, secretary of the state relief employment commission, speaking before a meeting of miners from District 11, United Mine Workers of America, in the Claypool. “Township trustees are empowered by law to give relief to the needy in their communities. Those w'ho refuse should be mandated. If they still refuse, they should be removed,” he said. “County officials have been invited to use funds of the Reconstruction Finance corporation, but in many counties, these have been ignored.” • Governor Harry G. Leslie was principal speaker at the session, which w r as called by Abe Vales of Terre Haute, district president. The Governor told of the acts of his administration in aiding the needy. The student health service at the University of Michigan has figured the odds on chances of catching cold, finding that out of every 1.000 persons, 926 will catch one cold a year.

Around South America Winter 1933 Visiting 11 Colorful Countries and 36 Colorful Cities South America—colorful travel —the cruise tour extraordinary—down the fascinating West Coast, an ever changing panorama. The beautiful Caribbean Sea. The towering, snow-capped peaks of the Andes. The beautiful lakes. The ancient civilization. The Inca Empire. Majestic Iguazu Falls. The brilliant East Coast, its large cities, parks, avenues. theaters. Rio de Janeiro, with miles of beaches. South America has become the adventure of the age—it is the place to see. More than any other continent—it is a land of contrasts, where you will the extremes of scenery and civilization. For the American traveler who wishes to escape the cold northern winter climate, there is no finer trip to be had than the South American trip. A. KI'RTZ, Manager Travel Bureau The Leading Travel Bureau of Indianapolis. Runion trust* East Market St. 1 RI. 5341

PLAN TO MEET TAXATION ISSUE STILL IN DOUBT Democrats’ Program Yet Speculation Subject After Parley. BY MARSHALL M’N'EIL Times Staff Writer WASHINGTON. Jan. 7.—The Democratic plan to meet the budget issue remained in doubt today so far as the public has been informed. After the conference with President-Elect Franklin D. Roosevelt. it was reported that the “forgotten man" would have to pay greatly increased income taxes, and the indication was that his richer brothers would be exempt from any greater surtaxes than in existing law, and that corporations' tax burdens would not be further increased. But Democratic Leader Henry T. Rainey (111.) who attended the conference, said upon his return that he was not sure that any new taxation would be necessary. And Speaker John N. Garner was reluctant to commit himself, or say when the ways and means committee formally would discuss the problem. Indeed, he hinted that he himself had a suggestion for another way out. Wait Hoover’s Beer Stand The present tax confusion is not without its political side, for the intention seems to be to do practically nothing until it is determined whether President Herbert Hoover will permit beer to be legalized and taxed. Some think Mr. Hoover may be under great pressure to sign a beer bill, if the result of a veto w'ould be increased income taxes. The reports from New York were that the Democrats intended to hike the present normal income tax of 4 per cent on the first $4,000 of net income to 6 per cent, and the present rate of 8 per cent on all net income in excess of $4,000 to 12 per cent. There was no indication that either the surtaxes or the corporation taxes would be increased. Thus, this would not be a reimposition of the war-time federal revenue system, for then surtaxes went to 65 per cent on incomes in excess of a million, while they are but 55 per cent now. Rebellion Is Aroused This suggestion immediately aroused something akin to rebellion among many of the rank and file Democrats of the house, a considerable number of whom want no new taxes at all, hoping to meet the budget issue with drastic economies. The Democrats apparently aim at reaching a total of $492,000,000 by means of new taxes and economies. They propose to save $100,000,000 more than President Hoover suggested in federal expenditures next fiscal year; they propose re-enact-ment of the 1 cent federal gasoline tax to raise $137,000,000, a proposal also made by the administration; they hope to get $125,000,000 annually from a beer tax; and by adding $203,000,000 from income taxes would be about $83,000,000 to the good. President Hoover proposed to raise the $492,000,000 by re-impos-ing the gas tax, and levying a general sales tax of 2Li per cent to yield $355,000,000 annually. SANITARIUM IS SUED FOR $7,500 DAMAGES Man Charges Negligence in Caring for Him as Cripple. Oscar F. McClain, a cripple, Friday filed suit in superior court two seeking $7,500 damages from Sines Sanitarium, Inc., 1427 North Delaware street, charging negligence in caring for him as a patient. Suffering from nervous collapse, the complaint avers, McLain became a patient in the sanitarium Sept. 24. He charges officials of the institution “carelessly locked him in a room on the second floor,’’ although he was unable to care for himself. They failed to fasten a window, the suit alleges, and McLain fell from a second-story window. He I suffered compound leg fractures and other injuries in the sixteen-foot fall, the suit states. “The plaintiff then was placed in a room and strapped to a bed for five days without medical attention and not permitted to see friends and relatives,” the complaint alleges. HAVE COLOR IN CHEEKS If you skin is yellow—complexion pallid—tongue coated—a ppet it e poor—you have a bad taste in your mouth—a lazy, no-good feeling— I you should try Olive Tablets. Dr. Edwards Olive Tablets—a subI stitute for calomel—were prepared by Dr. Edwards after 20 years of study. Olive Tablets are a purely vegetable compound. Know them by their olive color. To have a clear, pink skin, bright eyes, no pimples, a feeling of buoyancy like childhood days, you must get at the cause. Dr. Edwards Olive Tablets act on the liver and bowels like calomel —yet have no dangerous after effects. They start the bile and help overcome constipation. Take nightly and note the pleasing results. Millions of I boxes sold yearly. 15c, 30c. 60c.—Advertisement.

DOORMAN SURRENDERS IN RACKETEER KILLING

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Edward Maloney, the doorman sought in connection with the killing of Larry Fay at the racketeer's New York night club, is shown above (left) after he had surrendered to police. With him is his attorney, William A. Blank. When Maloney testified that he had been drinking so heavily that he had no idea of what happened the night Fay was slain, police launched a search for a second man in connection with the crime.

9 Major Crime Causes Are Listed by Expert Prohibition and Dishonesty in Finance Held Responsible for Most Violations. CHICAGO, Jan. 7.—Criminal tendencies are produced by nine major causes, in the opinion of Frank J. Loesch, president of the crime commission here. Prohibition and dishonesty in finance are responsible for a major number of violations, according to Loesch, who also is a member of President Hoover’s commission on law enforcement. He blamed the former for at least a fourth of all law infractions. Loesch, 80-year-old lecturer of the Northwestern law school, said he reached his conclusions from “personal experience, wide reading and information which came to me in my several official capacities.” .

He regarded the cure in each case “not so difficult to put forth as tiresome to carry out.” Loesch listed crime causes as follows: 1. Largely unassimilated immigrants from eastern and southeastern Europe. 2. Slum districts in larger cities. 3. The eighteenth amendment and prohibition law's. 4. Incompetent, corrupt and pol-itician-ridden police. 5. The automobile. 6. Dishonesty in high finance. 7. Incompetent and inefficient prosecutors. 8. The Negro law-breaker. 9. Decline of religion and authority. “Alien groups not familiar with our language and the principles of our government have given rise to a problem that requires teaching of clean politics and the guidance of immigrants toward citizenship,” Loesch said. As “cures” for crime, he cited better housing, lower rents, clean streets and “breathing places” w’ith eradication of slums. He blamed prohibition as a major crime breeder and held it responsible for demoralization of laws. “A permanent independent police chief and detectives with scientific crime fighting equipment and a secret staff attached to the chief and unknown to the regular force” were LEA FACES NEW TRIAL Former Senator to Be Charged With Banking Laws Violation. By United Press KNOXVILLE. Term., Jan. 7. Former United States Senator Luke Lea, Nashville publisher, will be brought to trial in federal court here on charges of violating the national banking law's, James A. Wharton, special assistant United States attorney-general, announced Friday.

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•PATRIOTS' OPEN NEW FIGHT TO BAR EINSTEIN Membership in Anti-War Organizations Cited as Reason. Bi/ Scripps-Hotcard Xctcspaper Alliance WASHINGTON. Jan. 7.—A new attack on Albert Einstein, eminent German scientist, is being planned by “patriot” groups here. Attempts are being made to have Dr. Einstein denied the right oi entry to this country when his vessel reaches California, in spite of the fact that he holds a visa issued by the department of state. The first attack was made when Einstein applied for a visa, and was accused by the Woman Patriot Corporation of being a Communist. Within the last few' days members of the California delegation in congress have been asked by representatives of the National Defense Council to protest to immigration authorities against Einstein's admission. They think Dr. Einstein should be barred as a member of the World's Congress Against Imperialist War, the Workers’ International Relief, and the War Registers’ Internationale. The Californians have refused to | take the request seriously, and no ! official complaint has been filed. Einstein is on his way to Cali- | fornia to engage in research work j at the California institute of techI nology. The woman Patriot charges, filed ! with the state department hgre and : and transmitted to Berlin, roused a ! storm of ridicule and protest. The I state department issued a state- ; merit saying that Einstein had been I examined in regard to his applica- | bility “in the same manner as any applicant,” and had been found adI missible. The Woman Patriot has in the ! past also attacked Franklin D. Roosevelt, Senator Thomas J. Walsh, and other distinguished Americans, and carries on a campaign against the child labor amendment. Miss Mary G. Kilbreth, chairman of the corporation, now is opposing the five-day work week.