Indianapolis Times, Volume 44, Number 209, Indianapolis, Marion County, 10 January 1933 — Page 5

JAN. Ift, 1!)33

FINANCE EVILS CURE IS TRIED IN GLASS BILL Proposed Reforms Believed to Have Approval of Roosevelt. litre I* th** first of a number of #tories a: ilvring the filass bank bill and the ir situation with which it seeks to deaL BY RAY TUCKER Times Staff Writer 'WASHINGTON, Jan. 10.—A defini j effort to write into the national ba king laws remedies designed to cu e evils disclosed in the nation's fir ncial structure before and since th' 1929 crash is being made by the sei ate in its study of the Glass banking bill. j s reforms are understood to have Ihe approval of President-Elect Franklin D. Roosevelt, who recently discussed banking problems with one of Senator Glass’ committee colleagues, Senator Robert J. Bulkley iDem., O.). A dramatic note has been given to the expected debate by the report that Senator Carter H. Glass 'Dcm., Va i, may become treasury secretary, so that if the bill passes its author would be the first to administer it. A former treasury secretary and co-author of the bill setting up the federal reserve system, Senator Glass sponsored this new measure because he does not think the system has been administered as congress meant it to be. Overhauls Reserve System He has charged again and again that the fundamental purpose of aiding legitimate business and strengthening the banking structure has been distorted by federal officials and the bankers themselves. The bill, which has been in the process of framing for two years, marks the only major overhauling of the reserve system since its creation in the early days of the Wilson administration. Just as congress set up the federal agency after two financiers of that •day—the late J. P. Morgan and the late George F. Baker—testified that they controlled the nation’s banking mechanism, so Senator Glass demands revision in order to prevent a recurrence of bank failures like those of the last decade. Permit Chain Banking Underlying the Glass bill proposals is the general philosophy that banks should restrict their .operations to aiding business and industry instead of furnishing channels through which deposits flow into speculative channels. It also would strengthen and expand the reserve system’s control of member banks, permit expansion of the national banking system, and bring holding companies and investment trusts of the financial field within federal supervision. Eastern banking interests oppose the provisions which prevent the use of deposits for speculative purposes, and those which require eventual separation of banks and investment affiliate companies. Senators from the northwest and middle west, fearing that branch banking may have the same effect that chain bank failures have brought in their states, are fighting for modification of the proposal to Eermit national banks to establish ranches in states which do not forbid it by law. Measure Is I'ar Reaching Real estate interests oppose the drastic limitation on banks’ investment in their field. Despite its far-reaching nature, the measure does not go as far as Glass, Treasury Secretary Mills and Governor Eugene Meyer of the federal reserve system would like it to. All believe the day is near when the country’s banks must be enrolled in a single system under federal regulation. But senate sentiment is that too great a stride can not be taken at once, and that the more extensive reform should be left for * the Roosevelt administration. What Bill Provides The Glass bill seeks to do the following things: Prevent the use of commercial bank funds and of federal reserve bank credit in speculation in the stock market. Separate commercial from investment banking, and particularly from the influence of affiliates of commercial banks engaged in the sale and marketing of securities. Discourage chain and group banking by extension of the national banking system. Regulate the investment of bank funds in real esate loans. Prevent banks from evading requirements that reserves against deposits be kept at the legal ratio. Create a liquidating corporation to hasten payment of depositors of closed institutions. Assure the independence of the federal reserve board from outside political and financial influence, and strengthen its control over member banks. TWO DELEGATES NAMED Indiana Representatives to Patriots’ Conference Are Chosen. , Selection of Mrs. Sylvia Pitman, Boonville. and Mrs. Cordelia Clakman, Rockport. as Indiana delegates from the American Legion auxiliary to the women’s patriotic conference on national defense was announced at auxiliary headquarters today. The conference will be held at Washington Jan. 30 and 31

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Sweet L dos . 2'i 7 No. 6 WETS RIDING ON WAVE’S CREST

1932 Vote Sends Hope Soaring, but Long War Is Ahead

Forrrt Davit present* today the last of six articles on the amazing; twelveyear Volatead era and the factors leadin* up to it—a subject of increased interest in view of the activities of the present lame duck session of congress. BY FORREST DAVIS Times Staff Writer Coovritrh!. 1933 bv New York WorldTelegram Corporation) 'T'HE durable drinkers' revolt against Volsteadism, which in twelve years had sacrificed an untold number of digestive tracts to the cause, found political articulation in 1932. Moreover, the demand of the electorate —forty-four states to four —passing from the timid modification proposals of the early 19205, now, boldly and explicitly, declared for repeal of the unrealistic, stultifying eighteenth amendment. Not beer alone, not light wines, but repeal and states’ rights—a return to the eclectic system of local regulation before Wayne B. Wheeler and the other genial dragoons of the Anti-Saloon League dismayed the war-fuddled republic with their bone-dry straitjacket. Governor “Al” Smith’s tentatively humorous nostalgia for a scuttle of real suds and secure footing on a brass rail had given way to the fortnight declaration of an academic-appearing banker, turned politician, the late Dwight W. Morrow, for repeal. The complete revolution, prefigured in 1927, had been accomplished by election day, 1932. In the earlier year, the legal profession, led by a voluntary association of New York lawyers, emphatically voted in numerous bar associations blankly for repeal. The women’s committee for modification of the Volstead act was transformed —being “tired of half-way measures” into the committee for repeal of the eighteenth amendment. a tt a BY 1930, significant year for the rebels, when Mr. Morrow electrified the country by his Newark address, when United States District Judge William Clark, also in Newark, boldly challenged the amendment as unconstitutional on new ground, when the Wickersham commission disillusionedly admitted the failure of prohibition to prohibit, the wet cause first gained ascendency. Judge Clark's decision, although unanimously overruled by the supreme court, dramatically insinuated the idea that the amendment could be overthrown, and proposed a feasible technique, through state conventions for that desirable end. And Senator Morrow, prudent, scholarly, home-loving, above any reproaches that the talented mireslingers of the Anti-Saloon League might hurl, indubitably made repeal respectable. Presently, to the few advanced spirits among educators, liberal

THEY TILL Ml

Patronage Trouble WHEN irascible Andrew Jackson, one of the venerated ancestors of the Democratic party, decided upon his election to the presidency, that “to the victor belongs the spoils,” he little realized the difficulties he_ was making for still unborn politicians of all parties. Jackson kicked out the incumbents to take care of some friends. Since then “patronage” instead of “service” apparently has become the keynote of political campaigns. Thus the Democratic leaders of both houses of the general assembly can blame Andy Jackson for the storm now 7 beating about them. The only patronage w’hich a representative or senator has to dole out to the faithful is that cf stenographer, page, or assistant doorkeeper. To pass the work around, terms ol employment have been curtailed to two weeks for each person, but this does not offset the reduction in the number of employes for both houses. If some county is favored witii an important post, such as chief clerk or chief doorkeeper, an appointment which is for the duration of the session, then it has been customary for that county to receive no additional patronage. ■Which explains why the five Lake country representatives are irate. a o a Matt I,each, of Gary, was elected chief doorkeeper of the house at the organization meeting last w 7 eek. None of the Lake county representatives apparently knew/ much about it, for Leach, one of the original McNutt boosters, was the administration choice and was placed in nomination by someone from another county. So when the Lake county representatives made application for appointments for friends (or relatives), they politely but firmly were told that they had been accorded enough patronage.

AMUSEMENTS

m-mysa “BREVITIES of 1933” The Hit of the Season with RAYNOR LEHR • and Hi* 30 STARS Here in Terson Visa Other Big KKO Act* riA'J-HMm on the Scrern Slim Summerville —Zasu Pitts in "They Just Had to Get Married’’ Entire New Show Starting Friday

honorable'w* l tnesses & Cl ° Ud ° f ’tha? £ aJill'cnd' until th If became safe for even the stat H utes conform Wlth the popula Tennessee lowland preacher to ex- // V/. ", /. Wlsn< non press a moderate philosophical —' 'T'HE necessity, it would seem a: doubt as to whether the eight- I .... a

Judge William Clark of Newark. Above, scene from the parade pro- | testing against the prohibition \ amendment. clergy and the more godly publicists who had espoused the new reform, were added a vast cloud of honorable witnesses. IP became safe for even the Tennessee lowland preacher to express a moderate philosophical doubt as to whether the eighteenth amendment had been the fruit of direct revelation from on high. Had the doughty rebels in all classes, as has been said before, submitted to deprivation of alcoholic beverages, there would have been no intellectual, moral or philosophical revulsion. And overhanging the big parade into the wet camp since 1930 was the easily realized economic argument. Once the wets had go hold of the moral end of the controversy, with widespread concern over gangster rule, general lawlessness and the morals of a hip-flask younger generation; once eminent gentlemen in the learned professions had plumped for repeal and escaped being struck by a heaven-sent thunderbolt; once it had been borne in on virtually every man's experience that prohibition did not prohibit, the ari gument addressed to the pocket-

That’s why they’re angry. Another representative who feels that he has been slighted is Fred Gallow’ay, of Indianapolis, who has been complaining loudly and vigorously that he has been ignored consistently by the patronage committee, and charges that the new administration heads have usurped all the jobs for supporters, “leaving us representatives with nothing but our votes.” An echo of this is heard in the senate, w 7 here some members areprotesting that they are being asked to employ persons recommended by those close to the new administration chieftains. The senators declare that it is unfair for department heads who have now or will have plenty of patronage to force their friends on the legislative pay rolls, thus keeping their own supporters out of jobs. One danger if these patronage wrangles continue and grow in intensity is that they may react in the voting on administration-spon-sored bills.

MOTION PICTURES

Sistors Kanpelle wl Happy Moore Jif I George Moore V Holtz-Hollx and i 30 Idiotic Entertainers SI among the GREAT .... Jp 7 SYLVIA SIDNEY j “Madame w. Butterfly” *-*<*. r „** X with STtT and the 1 rharlie Ind.foneertl Juggles . m | 6*

rjZECOt* HEIfN HAYES ■&M*ftOVARRO .“The SON-DAUGHTER. A Metro-Goldwyn-Mayg; Pietur; Start* Friday RONALD COLEMAN and KAY FRANCIS in “CYNARA” (Pronounced SIN-ara)

TiiE INDIANAPOLIS TIMES

Mrs. Charles H. Sabin. book found ready lodgment in the business mind. Few 7 will doubt that the depression gave the coup d'grace to Volsteadism. How ready to hand w 7 ere proposals that the empty national exchequer be filled by a tax on beer; how moving the suggestion that millions pouring into the pockets and vaults of lowbrowed racketeers be diverted to the government. The middling business man who in 1916 swallowed the benign guarantees ot Messrs. Wheeler, Cannon et al. that prohibition would enrich “legitimate business” and reduce crime and taxes in 1932 accepted as guilslessly the promises of the wets that legalized beer would help toward recovery and reduce crime and taxes. tt a a AND so, in November, 1932, the people, given their first chance at a clear cut national referendum on prohibition—the 1928 election was too confused to provide any index as to the true state, although it is extremely doubtful that the country was as unmistakably w 7 et four years ago as now—voted overwhelmingly for a wet President and congress on a badly wet platform. Will that expression of the people's will put an end to the dreary business? Few doubted that it would on the day after election, but already, only two months away, misgivings are arising. The drys are wily at politics. There are wheels within wheels in the wet allowance, cohesive enough before victory but already showing the stress of divided interests. Politicians, we are told, have an instinct for compromise; Wash-

MOTION PICTURES

f]^E^TvARK^"'pLAZA^HO^^INNf"| APOLLO !£ Hurrv! Hurry! Last 3 Days KATHLEEN NORRIS' SECONDHAND WIFE sally Tilers Ralph Bellamy NEXT FRIDAY HE NEEDED TWO WOMEN One so love Mm The Picture Selected to Open the New refr-yT RK.O . ROXY VjW Xew I ' ork | wwrrII \""

THE FA NTH£R 11 AYOM AN in “ISLAND OF LOST SOULS”; with | Fhas. Laughton . . Dick Arlen 8 •j Leila Hyams . Bela Lugosi BING CROSBY in Sennott Comedy. • Blue of Night" i— Short Features—

NEIGHBORHOOD THEATERS

NORTH SIDF, PM———Talbot at“rtnd St. Family Site I.ilvsn Tishman “THOSE WE LOVE” a————o 6 Noble lI Mux / f amiU Nile flHpflflflflfli BlordeM “FAMOUS FERGUSON CASE” WEST SIDE pBHBpRRIPW. Wash. & Belmont l*jJl..[t]khA Family N'ite I—\Vm Cnlli-r j r , “PHANTOM EXPRESS”

Above, the late Dwight W\ Morrow. ington is a trading post for pledges, principles and favors. The brewers would be satisfied, no doubt, with modification giving 4 per cent beer, to be sold unrestrictedly. The American Federation of Labor has lobbied almost exclusively for beer, indicating slight interest in returning wine to the tables of the discriminating. The political rebellion is not ended until the thirty-sixth state has approved outright repeal of the amendment. The solid drinking revolt is not ended either, and whatever happens at Washington and state capitals, no realistic observer believes that it will end until the statutes conform with the popular wish. e tt a THE necessity, it would seem as we end this review 7 of a picturesque but rather depressing period, is for as sweeping a political reversal as the one which brough about Volsteadism. Anything short of that, any compromise, will, if w 7 e may judge from the past, effect no appreciable reform. Having demonstrated their ability to nullify the eighteenth amendment, the drinking classes no longer are to be satisfied with mere modification. Beer and light wines w 7 on’t suppress racketeering and a compromise which prohibits drinking in public places, either the speakeasy saloon as we now have it or the beer garden, or continental case, or even Only in restaurants, will not prevent urban dwellers from drinking in public, semi-private, or hidden places. In New York and many other cities the saloon vanished only briefly, if at all. It would be a misguided reformer who believed that New Yorkers would be willing to exchange a relaxation of laws not now observed for the loss of his favored “speaky.” The popular demand for outright repeal is not yet w 7 on at Washington and in the states; but the dogged lads w 7 ho have borne the battle in the heat of the day, in season and out, jeopardizing health and purse on contraband beverages, may be expected to sustain the cause, no matter how it goes with the politicians. Twelve years surely have proved abundantly that the American people propose to drink with Constitutional sanction, or w'ithout it.

Makes It Mighty Easy to Own a Famous CROSLEY ysifev "FIVER” tmMmm. SUPERHETERODYNE 5-TUBE RADIO/ai|3f| 5 ;l LBaSillSliiiiP ■ ' with Bfi\ w#g==j !|| I T " b ” lifffli r -j-? \ 5-tuhe Radio In the j’J VV\Wf */• '/ / f/ T ij ; Dynamic price range of a 4-lube \ ' | ! __ __ Cabinets DOWN w-itVa po^the^OA day euatantee.

In every ]iha?e cf cur serv-988 ... ice you will i>e pleased with v ---f the unfailing atmosphere of dignity and reti nc- men:, jgggfl. Our met;. •••> re: ! .-*Ft ti;.? re-|Hp( ■--• M f sped for the departed. . mFjMK/B HARRY MOORE^^^Q Funeral Home * ’lfPpfffr 25th and Gale Sts. Neu, Funeral Home Yov^UUCnov^hii 2050 E. Michigan St. Undertaker CHerry 6020 HARRY W. MOORE

30 MADE-WORK j MEN TOIL FOR LEISURE CLUBS Take Charge of Seating Arrangements, Handle Stage Settings. TONIGHT Garfield park community house. J. T. V. Hill community house. WEDNESDAY Prospect Sherman drive club. Brookside community house. Rhodius Park community house. THURSDAY Oak Hili Woman’s club, afternoon. Michigan and Noble, card party; afternoon. School 22. FRIDAY Christian Park community house. Ft. Wayne and Walnut. School 16. School 31. Thirty men from the made work division of the Emergency Work Committee, Inc., are being used in the preparation of Leisure Hour club programs. They take charge ot the arrangements of stage settings and seating arrangements at the different club meeting places. Plans have been completed to seat a large crow’d at the Garfield Park Community House tonight, for the new safety program to be presented by the police accident prevention bureauu. The program will be in the form of a playlet, in which a cast of fifteen school children will take part. A feature of the program will be a mock wedding. In addition to the play, Noble Pearcy and Jean Ludwig will give special dance numbers, and Lydia Ellen and Irw’in McCray will sing. The George L. Stork accordion band will play. The Oak Hill women’s club sewing class met today.

SHEAFFER PRESSES WAR OVER PRISONERS Files Motion for Quashing Writ of Prohibition. Municipal Judge William H. Sheaffer took the offensive otday in superior court five in his battle with Chief Mike Morrissey over authority of releasing police prisoners against whom warrants have not been filed. The judge filed a motion to quash the writ of prohibition filed two weeks ago by city attorneys representing Morrissey. The motion charged that the superior court had no authority to hear the case or issue the writ of prohibition. Judge Russell J. Ryan postponed hearing of the case until Jan. 18. The battle is an outgrowth of several months’ wrangling and Morrissey's order that prisoners, not yet slated by warrants, are in custody of police and the court has no authority to order releases. The write was obtained by Morrissey when Sheaffer, on Dec. 29, attempted to release Fat Johnson, Negro, after his arrest on charges of vagrancy and drunkenness. Asthma Disappears Like Magie! New Money-Back Remedy Affords Quick Relief. Calafo relieves the distressing sj’inptoms of Asthma or money back. No question's—you are judge. Calafo, a different remedy; promises permanent freedom. You breathe freely—sleep all night—regain health! The distressing symptoms disappear. Don't suffer longer—try Calafo. SI.OO. Hook's Dependable Drug Stores and other druggists. —Advertisement.

$40,000 DAMAGES ARE SOUGHT FOR ACCIDENT Woman Injured in Crash Seeks 525.000; Husband Asks 515.000. Morris Ralph. 6538 Cornell avenue. today sought $15,000 damages for loss of his wife's serveies as assistant manager of the Broad Ripple Ice and Coal Company, of which he is manager.

WEDNESDAY ONLY! I HOUR SPECIALS H 8: 3ft t n Ift A. M. Ift to 11 \ \| WILSON'S NAVY MILK BEANS 1 nr-u ASS a® Can ft£ Lbs ’*% c H I.imif —2nd Floor I.imlf —2nd Floor g&ft 2-Lb. Cotton :t <*• M. fl BATTS SEWING f Sizo'Y'xOO. Finn'"for THREAD ||f mforters. I Black and white, Sizes M I 4* 50 and 60. M I .iff mMk Hr C IkJ Regular SI Children’s Straps c Oxfords Sizes St., to 2. Patents, tans and lUr \ gunmetals Main Floor WOMEN’S SILK HOSE gae 40c Value. Sizes M, to Ift. First, JP. fejjb quality. Pure silk, Lisle foot. jfc —— ' ' FACTORY SAMPLES OF I THOMPSON’S j GLOVE-FITTING I GIRDLES and i FOUNDATION GARMENTS I Side and front hooks, stepins, corscttcs with | 131 or without inner belt, in ggragg||| fancy brocades, skintex 4 Biaß flfl and satins, with side pan- %| els of firm elastic. All \T lHfegVs MS sizes in the lot but not | I 2nd Floor Boys’l-Pc. SUIXsWjT I SI .no Value. Sizes 3to 8. Jacket. M 9 leggins and cap to match. Bed and tan colors , F | oor BOYS' LONGUES ’ S1 Value. Sizes 12 to Ift. Woolon cashmeres. Pair only z n l Moor HALF PRICE SALEI INFANTS' I \2/ Ir. A K VT JkJ JtaL Al 10c Rubber Pants 19c Receiving Blankets . $2.95 Four-Piece Sets.. .$1.49 fl Knit and Brushed Wool g* $1.95 Buntings 97c Bathrobes 49c jgjj 19c Outing Kimonos 9c fgl 19c Outing Gertrudes Oc' g 19c Outing Gowns 9clS 0c Bath Sponges scf|H Novelty Animal Shapes _ _ DH 79c Wool Shawls o9c ißg LINOLEUM MATS j _ o< ip -H 2oc Value. Large size 21x,c,. jfggg Assorted colors and patterns... j|„or 36-Inch mmgf Unbleached MUSLIN ELq Iftc Value. EXTRA FINE quality Muslin. Closely woven. Yard, 0n1y.... 2nd Floor YARD GOODS I Remnants, l to 5 Yards I 10c to 19c Valwe Cretonne — fl Broadcloth— Jg Toweling— Outing Ip YARD— " 2nd Floor

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Injuries received by Mrs. Ralph in an accident when her automobile was struck by a car driven by Miss Martha Shepperd at Watson road and Carrollton avenue. March 12. are basis of the suit, filed in superior court two. Mbs. Ralph demands $25,000 damages for personal injuries from Miss Shepperd and her father. Edwin W. Shepperd. 4117 Ruckle street, owner of the car. in a second complaint filed in superior court four.