Indianapolis Times, Volume 44, Number 227, Indianapolis, Marion County, 31 January 1933 — Page 2

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SCHOOL TENURE BACKERS BALK REPEAL MOVE Teachers' Law Will Remain Applicable in All but Township Institutions. Twelve Dcmocraic senators participated in a bitter two and onehalf hour wrangle during the senate sessioft Monday afternoon, from which emerged a bill which would make teacher tenure applicable throughout the state except in township schools. The measure was advanced to third reading. Senator Henry F. Schricker fDem., Knox), author of a bill for full repeal of the present tenure law, charged, in the course of debate, that tenure opponents were not given opportunity to speak. "I may be thrown out of this body, but I know right from wrong,” he asserted. Amendment Is Beaten When the repeal measure was handed down for second reading, it was amended on motion of Senator Walter S. Chambers to give tenure to cities of more than 13,000, affecting about twenty, and removing it from all other school corporations, numbering between 1.300 and 1,400. This amendment was defeated, 32 to 16. After effort to halt further consideration until today had failed, Senators Fred A. Egan, Gary, and Thollie W. Druley, Boston (Dems.) offered the amendment now in the bill. As the measure stands, the tenure law, now in effect, is changed only in that tenure does not apply to townships. Schricker, consistent advocate of outright repeal, charged that the tenure system, by which a teacher who serves continuously in one school corporation automatically gets a life contract, is undemocratic. Defended by White Senator E. Curtis White <Dem.. Indianapolis), declared the opposite is true. He asserted a teacher under tenure does better work, because there is no worry over probable loss of a position. Married women who teach were assailed by Schricker and he charged “an organization,” pre-: sumablv the Indiana State Teach- \ ers’ association, was a powerful lobby for tenure. Senator Jacob Weiss <Dem., Indianapolis), entered the fray sev-j eral times and, in discussing the j relations of township trustees and i teachers, declared townships should j he abolished in the interests of j economy. Senator Elias C. Swihart (Dent.,! Elkhart) declared he was in favor of extending tenure to township schools, but his effort to place an amendment in the bill to that end was lost on a point of order. Senatrs Chester A. Perkins iDem., South Bend) and White engaged in a duel of words on the meaning of politics. Perkins was expounding the defiintion that “Politics is the srience of government,’ when he was interrupted by White, who indicated that when the mentions politics he means the kind that costs teachers their poistions. White and Schricker also clashed. The Knox senator asserted that several members “down deep In their hearts know the tenure law is wrong.” “How does he know what is down deep in our hearts?" White inquired. At one point, Lieutenant-Gover-nor M. Clifford Townsend reminded the senate of a rule forbidding speakers from impugning the motives of a member. Townsend said the rule had been violated twice during debate. Among defenders of tenure was Senator William D. Hardy <Dem„ Evansville), who said it had been practiced in the schools of his city ten years before passage of the law. SALVATION ARMY POST CHANGES ANNOUNCED Reduced Budgets Result in Several Switches, Major Reveals. Reduced budgets have resulted in several changes of personnel in local Salvation Army pasts, it was announced today by Major James Murphy, commander of the In-diana-Central Illinois division. Captain Aria Westerholm of No. 1 will be in charge of work in Kewanee. 111., and Lieutenant Nellie Phillips of No. 3 will assist him. Captain Katherine Young of No. 3 will take over a post at Wichita, Kan., with Lieutenant Evelyn Dieter of No. 1 as an assistant. Captain M. C. Wheatley of the Harley Gibbs settlement will go to Evansville as assistant, and Lieutenant Jeanette Harsted of Harley Gibbs division, will become an assistant in Linton. Major Mrs. B. B. Isaacs, who formerly had charge of young people's work in the entire division, will have charge of the three evangelistic posts of Indianapolis, assisted by Lieutenant Mabel Bonger, and Mr. and Mrs. Cliff Isaacs. OFFERS BILL FOR NEW DELINQUENT TAX SETUP Fifteen Months' Respite Before Sale of Real Estate Is Provided. Net setup of delinquent tax fees and penalties and provisions for sale of property to satisfy taxes is provided in one of twenty-three bills introduced in the house of representatives today. The measure, introduced by Representative J. Clinn Ellyson (Dem., Hammond) provides for a 10 percent penalty on delinquent taxes and 6 per cent interest in addition. No real estate would be sold until fifteen months after taxes become delinquent. Treasurers shall demand payment of all delinquent taxes and if not paid within thirty days, shall seize property for sale. Household goods to the value of SIOO would be exempt from.tax sale. Fee of 10 cents a mile for travel in connection with sales is set. in addition to a levy fee of 50 ernts; delivery bond. 50 cents and 10 per cent of the sale proceed*. Three per cent of the delinquency penalty shall go to the treasurer and one-half of all fees, the remainder to be paid into the funds of the taxing unit.

INFLATION—WHAT IS IT?

Shall the U.S. Try It? Argument Strong on Both Sides

For weeks the question o i some form | of inflation ha* been widely discussed In the press, in financial circles and in congress. Experience has demonstrated I that uncontrolled inflation a* well as i uncontrolled deflation are curses of our j financial structure. I • H.nory haa proved that In periods of Inflation or deflation some form of control la desirable. Earl Sparling in a series of articles. ! the first of which is printed today, presents a high-light history of inflaI .tlon. BY EARL SPARLING AMERICA faces a paradox today. Here, theoretically, is the richest nation on earth, possessed of 42- per cent of the monetary gold stock cf the entire world. And yet millions of Americans are in want. America finds herself poorer in many ways than other nations which have so little gold they are unable to keep their money stabilized on the gold standard.. Which has become a ribald international joke, pointed by a recent British cartoon depicting a tattered John Bull handing a much more tattered Uncle Sam a debt payment, with the caption, “You need it more than I do, Sam.” More men are without work in America in proportion to population than in any other land—--12.500.000, according to an estimate last week. It is claimed there are only 30,000,000 unemployed in the world. Those who still work in America have had their wages cut 20 to 70 per cent, the average for all pay rolls being 56.5 per cent. Those who live by dividends have been shorn, too. Common stocks with an indicated value of 356.000,- , 000.000 in 1929 are down now to $33,000,000,000, an incredible 90.2 per i cent collapse. a tt a NOW this shrunken earning power is partly compensated for by the increased value of the dollar. The cost of living has dropped 22 per cent since 1929. In general purchasing power, the urban dollar now is worth $1.33 compared with the 1929 dollar. The farmer's dollar is now worth $1.52. In short, one has less money than three years ago, but the scarce dollar will buy more. But what about debts? There has been no drop in the cost of debts. Instead, debts cost more today than ever. Consider the citizen who mortgaged his home in 1928-1929. or the corporation that borrowed a million, j The 6 per cent interest goes marching right on. The urban dweller or corporation must pay that interest in dollars worth $1.33 each. Thus in purchasing power the debtor must pay his creditor nearly 8 per cent interest instead of the 6 per cent contracted for. And when the loan comes due the debtor must pay back the borrowed money at the same premium in buying power, $1.33 for every $1 obtained. The farmer is even worse off. The farmer is paying 9.12 per cent interest on every 6 per cent contracted before the great smash, and he faces the hopeless task of paying off his mortgage at the rate of $1.52 for every dollar he was loaned. If he borrowed SIO,OOO in 1929, he must now pay back $15,200 in purchasing power, and purchasing power, of course, is all that money means. tt tt tt SO that everywhere in America men are beginning to wonder whither is the republic drifting and to suggest ways of ..doing something about it. More and more those who want to do something are turning their thoughts to that 42 per cent of all the world’s gold which America has. Has not gold always made rich and powerful the nation which passessed it in the past? Do not other nations claim today that they are not prosperous, bei cause America has drained their gold from them? Why does not this | gold, this metal which all nations S have struggled to obtain throughout j history, why does it not do more work for America now? Thus, more and more Insistent, there arises a cry for inflation of | the currency—that is, for the govI ernment to use that gold some way to put more money in circulation, so j that each citizen will have more | money and spend more and prices j will increase and industry revive and good days will come again. Many currency plans are being

‘Highballing’ ■Railroad Man’ Turns Until Auto Breaks. Car on Rails, Goes

T URE of rails, roadbed and winking signal lights proved too strong for Noble Shane, 50, of 126 South Arsenal avenue, who told police he was a "railroad man" when they found him amid the wreckage of nis automobile in the Pennsylvania yards Monday night. "Because the "rails just looked natural,” Shane said he turned into the yards at the Southeastern avenue crossing and "highballed" down the tracks until his automobile broke down, police said. Shane was arrested on charges of drunkenness, operating a motor vehicle while under the influence of liquor and disobeying a traffic signal. NAMES DR. M'CULLOCH STATE TAX DELEGATE McNutt Appoints Representative to Washington Parley. Dr. Carlton B. McCulloch was appointed by Governor Paul V. McNutt today to represent Indiana at an interstate tax conference at Washington, beginning Feb. 3. The meeting was arranged by the American Legislators Association to discuss taxation affecting both the state and ■ ot ;^ i - *a 1 governments. A repress" r e of the Governor, house and r-mr 2 were invited, but Dr. McCulloch will represent all. Govrnor McNutt said.

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talked in the nation today, but all seem to fit two patterns. The government is urged on one hand merely to print two or three million dollars, backed only by the government’s authority to make it legal tender. It is urged, on the other hand, that the government change the value of the gold ounce. The gold ounce by congressional act was valued at $20.67 in 1873, a valuation arrived at necessarily by considering the international state of trade and the value of products at that time. The state of trade and the value of products have changed; and, therefore, it is argued there is no reason why a man-made valuation can not be changed. If the gold ounce were revaluated at $41.34, twice as many dollars of currency could be issued. The new dollar, on this basis, would be worth only half as much as the one we now have, but there would be increased spending and prices would rise, and in the end the whole thing would reach an equilibrium at a new level, except that we would meamvhile have turned the worst depression in our history into a trade revival and a boom. tt o THAT, in general, is the argument. And what every man wants to know is what inflation would mean to him. What would it mean to the laborer? Consider the man earning S3O a week today. If the value of the dollar is decreased by half, how long will it be before his w’age is increased to S6O so that he can have the same buying power as under present conditions. Would his wage increase as fast, as the increase in prices the inflationists promise? And what would inflation mean to the man living on dividends from stock investments? How- much time would elapse before increased prices resulted in a prosperous hum at the factories so that dividends would double? , And what would happen to those who have money in savings banks? If money is suddenly halved in value how shall they protect the present value of the money they have saved? Inflation raises a thousand questions and nowhere is there an answer. But on one question there seems to be agreement. In the past, as Dr. Edwin R. A. Seligman has demonstrated, inflation usually has been associated wdth public debts.

Arrange 4,000 Displays in 'Know Indianapolis' Drive

Local Grocers, Druggists to Feature Products Made in City. More than four thousands displays of feed and drug specialties have been arranged by local grocers and druggists for the observance of a "Know Indianapolis-Made Products Campaign,” which will begin Wednesday and continue until Feb. 11. In adidtion to the retailers, more than one hundred manufacturers, jobbers and chain organizations are co-operating with the Chamber of Commerce in the event. Estimate that approximately 10,000 local residents are employed in the production of food and drug specialties in the city, led to planning of the campaign, which is attended to increase consumption of local products. Executive committee in charge of the campaign included Arthur F. Austin, Mooney-Mueller-Ward Company; Norman J. Dietz, Virginia Sweet Foods; George G. Griffin. Schnull & Cos.: A. C. Ray, Cristell corporation; A. W. Metzger. Kroger Grocery and Baking Company; F. C. Buddenbaum. Regal Stores. Inc., and C. G. Dunphy, chamber industrial commissioner. Crooner Croons at Wedding I'ii I nifril Prrxt INDEPENDENCE. Mo.. Jan. 31. Howard Green, radio crooner from Kansas City, altered local wedding customs somewhat when he "crooned" I Love You Truly preceding the ceremonv at his marriage to Doris Stewart at the Washington Methodist church.

THE INDIANAPOLIS TIMES _

; Time after time, if unable to obi tain money any other way, nations i have paid their internal debts in ; fiat money—paper money backed with only the government's powder to decree it legal tender. And if a government pays its internal debt in inflated currency, so will the people pay their debts in the same currency. Thus the debtor class benefits, the creditor class | loses. tt u tt WE have seen that debtors are now paying 33 to 52 cents premium on every dollar borrowed in 1928 and 1929. The private and | commercial debt of the country toj tals $108,000,000,000 today, including | $44,000,000,000 owed by urban home owners $12,000,000,000 owed by farmers. The bulk of this debt was borrowed before the Great Smash. Manufacturers and business men find themselves caught in the same ever-tightening grip as the small j home owmer and the farmer. All got cheap dollars and are payJ ing off in hard dollars. Thus the naj tion groans under an intolerable j weight. The national income, $85,1000,000,000 in 1929, has shrunk to ; $57,000,000,000 in 1932, and it is estimated that nearly one-fifth of it was obsorbed in 1932 by fixed interest charges. | In addition to the private debt the federal government owed $20,806,000.000 up to last November 30— an increase of $3,875,000,000 since 1929. Private business could not borrow more. Thus the federal government had to borrow to finance the Reconstruction Finance corporation, which in turn lends t industry. With the budget unbalanced, wdth an $850,000,000 deficit already piled up this fiscal year, the federal debt is increasing hourly. It, too, must be I paid in dollars that are thirty-three cents more valuable than in 1929, and the dollars it pays must come from taxes. Like the cost of debts, taxes, too, have gone up during this time when everything else has been going down. And in addition to the federal debt there is a $17,000,000,000 state and municipal debt. o tt tt IS inflation the way out? If debtors are paying their creditors 33 to 52 cents premium on every dollar, should the nation solve that injustice by arbitrarily decreasing the value of the dollar?

PLEA OF 3 ITALIANS FOR ESTATE IS STUDIED Petition Is Taken Under Advisement by Judge Chambers. Petition of three Italian women for shares in a $20,000 estate of their brother was taken under advisement today by Probate Judge Smiley N. Chambers. The sisters remained in Italy while government officials presented their case before Chambers Monday. They seek shares in the estate left by a brother, Giovanni Cicigoi, former Indianapolis resident, who disappeared and who later was traced after his death in a Los Angeles hospital. Giuseppe Castruccio, Italian con-sul-general of Chicago, is directing legal fignt of the sisters—Marie, Antonia and Lucgia Cicigoi, of Laze di Drenchia, Italy. Another brother. Angelo, of Indianapolis. wants the entire estate, claiming it on a contract with his dead brother. Angelo claims his brother and he agreed to become each other's heir. Crime Costs 51.96 a Person By 1 iiitr-l Prr** SACRAMENTO. Cal., Jan. 31 The per capita cost of crime in California is $1.96. according to a recent report of the state crime problems committee. 30-Year-Old Horse Shot Rif 7 hitrd I*rc** MOUND CITY. Kan.. Jan. 31. A 30-vear-old horse on the J. O. Morse farm, near here, was killed when it stumbled, fell on its head and broke its neck.

Thoughtful men are beginning to ponder the problem—conservative business men as well as small owners. There is a growing feeling that uncontrolled deflation must be controlled. Is inflation the only way to do it? The bankers, being the chief creditors of the nation, naturally are opposed to inflation. But conservative business men plainly are beginning to pause at the idea. They are beginning to feel, apparently, that some inflation, a firmly controlled inflation, might not be bad. Bradstreet's Weekly, in the issue of Jan. 7, stated it had found eleven commercial indications that “substantial inflationary forces of a passive character already are at work,” and concluded “concerning inflation” that American, business men would be inclined “to treat such a plan with indulgence if it were reasonably freed from mischief.” But how shall inflation be freed from mischief? How shall it be controlled? What are its stages and where does it first get out of hand? Senator Borah favors some form of inflation. Treasury Secretary Mills opposes inflation. And so it goes over the nation. K tt tt INFLATION is no new' thing. It has been tried at various times by nearly every country in the world during the last 300 years. It has been resorted to twice in this country. during the War of the Revolution and the war between the .states. Indeed, the colonists tried it before there was a country, w T hen there was only a wilderness. It was tried in France in 1720, when John Law, wily Scot, showed the astonished French how to pay oft the national debt with thin air. France tried inflation again after the first revolution and still again after the World war. Italy, Russia, Austria, Spain, Great Britain, and nearly all the Central and South America countries—these nations have tried inflation at various times with varied results. It is still within memory how Germany inflated the mark after the World war until a truckload of paper scarcely would buy a loaf of bread. The history of men is a history of money and the history of money is one of inflation and deflation. Next: Sparling writes of inflation in Colonial times.

Friendly Foes Republican Wet —‘Dad of Pension Bill’—ls Given Democratic Cheer.

CENATE Democrats paid tribute Monday afternoon to a defeated Republican—James J. Nejdl of Whiting, who sixteen years as a state senator but failed of re-election last November. Escorted to the rostrum by Senator Anderson Ketchum of Greensburg, Democratic floor leader. Nejdl was introduced by Lieutenant-Governor M. Clifford Townsend. Nejdl. a master parliamentarian and fighter, proclaimed himself the "original wet of Indiana and the dad of old age pensions." "Now that both are in a fair way to be realized, I won’t be here to put them through,” he said. Pointing to the seat he formerly occupied, Nejdl said he considered for a time filing contest proceedings against its present occupant. Senator Harold L. Strickland <Dem.. Hammond), but after due reflection" decided to permit the election figures to stand.” Doctors Are Related QUINCY, Mass., Jan. 31.—Among Quincy’s phvsicians are a brother and sister. Dr. Joseph M. Hussey. 30. a graduate of Tufts Medical school, and Dr. Margdfet B. Hussey. a graduate of Boston University Medical school. It is less than a century since doctors learned the importance of having absolutely clean hands in treating the sick and injured.

MUNCIE PASTOR IS INDICTED ON GIRL'S CHARGE Accused of Attempting to Attack 18-Year-Old Church Member. Bji United Brest MUNCIE. Ind., Jan. 31.—The Rev. G. Lemuel Conway, pastor of the Madison Street Methodist church and the father of five children, secluded himself at his parsonage today while awaiting arraignment on charges of attempting to attack Helen Huffman, an 18-year-old high school girl. A few hours after his indictment by the Delaware county grand jury, the minister provided bond of $3,000 on the attack charge and SSOO on another indictment charging him with assaulting his choir leader, William Aurand. Invited Into Auto Miss Huffman told members of the giand jury that she was invited into the minister’s automobile while on her way downtown. She said Mr. Conway drove through the business district, stopping on a side road in the country where he attempted to attack her. A passing motorist halted his advances, she said. Miss Huffman declared that she got into the pastor's automobile willingly, because she had become acquainted with him through one of his daughters. Miss Huffman's parents subsequently preferred misconduct charges against the minister with Dr. Frank K. Dougherty, district superintendent. Church Trial Faced Testimony was turned over to Bishop Edgar Blake, Detroit, and will be presented to an ecclesiastical court soon. Members of the court will be selected at a church meeting in Ft. Wayne, Feb. 7. The girl's charges brought dissension in Mr. Conway's church and Jan. 22 it led to a fight between him and Aurand. The latter was knocked over the chancel rail, after ! failing to obey the pastor's com- ' mand not to lead the choir. Mr. Conway, who is about 55, has' refused to comment other than to | blame the gossip of church members for his troubles. FORMER CHIEF DEAD John B. Sollitt, Peru, Is Laid to Rest; Two Sons Survive Him. Jill United I’rrss PERU, Ind., Jan. 31.—Funeral services were to be held here today for John B. Sollitt, 89, former local police chief. He is survived by two sons, Ralph V., New York, president of the Lord & Thomas Advertising Agency, and Elmer A., St. Louis, general superintendent of the Wabash railroad.

'Short Man, ’Homesick for His 3 Wives, Wins Strike

He's Going Home With Three Other Indian Companions; More Coming. Because Short Man is long on j wives—pe has three of them—he's getting homesick. And because he’s homesick, he’s infected three other companion Indians with him, with the result that the Navajoes and Puebloes weaving and displaying their arts at L. S. Ayres Company this week have gone on a mute strike. “We want to go home,” is the request they’ve made to their manager, Wick Miller, and led by the man of three wives, Short Man, otherwise known as Dineh Yazze, the strike has succeeded. On Wednesday four new Indians will supplant Short Man and his companions in the group of six that demonstrate their arts on the second floor of Ayres’ between 10 .30 and 5:30 daily. “No Can Do!’ Says Joe But the rub in bringing four others to take their place has resulted in a second impasse with Tall Walker, alias Joe Toledo, the silversmith. Miller wanted to bring Joe’s mother-in-law to take the place of one of the squaw weavers. “No want! No can do!” says Joe to the mother-in-law visit. For Joe knows that, according to tribal custom, if his mother-in-law comes he’ll not be permitted to look her in the eye, and how, he asks, can any one display one’s self in public with one's mother-in-law without once in a while looking her in the eye—even if it’s only a nasty orb he’s throwing her w'ay. Joe, too, is irked by a letter he received from his wife’s sister at a government school on the reservation near San Ysidro. New Mexico. But He’ll Stay On The sister has been steeped with modern petting ways and love-letter writing, so she ends her letter with, “Your wife say many love and 3 X. Close twice boodbye, bye.” Joe’s found out that 3X isn’t a cattle brand, but only a way of sending kisses by mail and, as his tribe doesn't know a kiss from a coyote, he’s afraid his wife has taken up the white man's way of love. But Joe says he’ll stay on and let Short Man go back to his three wives with the eleven children, for he figures on having Short Man watching over his wife, too, seeing that he knows so much about collecting them. And Wednesday he’ll give an Indian “so-long” to Short Man, Herding Woman, Bom Late and Joe Toya, and go back to enjoying his kidney stews in an apartment house with new companions and no mother-in-law. Midget Bible Owned B;i Unit id Prr** CANON CITY, Cal., Jan. 31.—A midget edition of the Holy Bible is owned by Rev. J. T. Wheeler, pastor of the First Christian church. It is two and a quarter by three and a half inches in size. It is threequarters of an inch thick and has full marginal references.

PICTURE BOOSTS HER

j? apt

Working in Chicago as a eommerical artist, Miss Margaret O'Connell of Kewanee. 111., posed for a fellow artist and her picture was used in an advertisement. A Hollywood producer saw it, admired her beauty and now Miss O'Connell has been offered a screen test with the possibility of a movie contract.

DEMANDS STIFF BUS REGULATION Railway Age Editor Flays Competition: Attacks ‘Toll Costs.’ Scoring competition of busses and trucks with the railroads, Samuel O. Dunn of Chicago, editor of Railway Age. speaking Monday night before 8.000 persons in Cadle tabernacle, declared “there can be no full recovery from this depression until the earning capacity of the railroads is restored.” The session was sponsored by the Railway Employes’ and Citizens’ League. Dunn claimed that the highways were built for public use. “When busses and trucks use the roads for private enterprise,” he declared, “the money they pay for license and gasoline taxes is not tax. It is toll just as money paid by ships going through Panama canal is toll.” Dunn urged that interstate bus and truck traffic be placed under the control of the interstate commerce commission, and be sujected to the same regulation as are the railroads and the air lines. Depression has meant loss of jobs to 640,000 railroad men, Dunn said.

#. .JSfi

Dineh Yezza, alias Short Man

ROBBER LEAVES BIRTH CERTIFICATE IN STORE That Little Error Convicts Him on Trial for Burglary. Bn United I‘resx NEW YORK, Jan. 31.—0f all the things Alfred Rollo could have lost w'hile looting a grocery store, he left .behind the most damaging. Police found Rollo’s birth certificate lying on the floor of the store. When it w r as produced in court during the trial Monday, Rollo admitted it was his. The jury found him guilty of burglary.

Read This About High Blood Pressure Fat Men Often Have High Blood Pressure Bernard Shapiro of Brooklyn. N. Y., on Oct. 21, 1931, wrote this wonderful letter. "I have repeatedly read your ads quoting testimonial letters. I have one to offer which goes all one better. On August 22. 1931. my physical condition forced me to seek medical aid. After being alarmed by a local physician I sought and found a doctor who rates one of the leading reputations in Hudson County. "On above date I weighed 242 lbs. only 5 ft. 4’ 2 inches in height. Also an advanced cardiac 'heart) condition blood pressure 170. Only 36 years of age. "After a thorough examination by this doctor he instructed me thusly. "One Teaspoon of Kruschen Salts in warm water every morning with a diet very similar to the one enclosed in your package. "This morning, Oct. 21, 1931. less than two months. I true lost 41 lbs. My nresent e.irht 198 lV>s.. blood pressure today 138 (normal). Mind you, no other medication, just the salts and diet. I feel better than I’ve felt in years and am told 1 look many years younter.” A jar that last* 4 weeks costs but a trifle at druggists the world over.— Advertisement.

_JAN. 31, 1933

BANK RECEIVER IS QUIZZED BY CIRCUIT JUDGE Admits Diverting Insurance to Own Firm: Rival Attorneys Clash. (Continued from Page One) to Henley T. Hottel. former manager of the bank's realty department. It was brought out that Hottel s bid for S6OO was the only one received. When Cox asked if the sale was made with approval of the court. Downey replied: “Yes. It was a matter of common knowledge.” Martin M. Huge, attorney for the Cruse company, brought out that, in previous years, insurance business on the $2,000,000 worth of property managed by the bank had resulted in approximately 20.000 commissions. Damages are asked from Downey for commissions lost on renewal business, because the Cruse ccr ipany was not permitted to write the politics, according to Hugg. A contract between the Cruse companv and Downey, dated Dec. 9, 1930. was introduced. Hugg declared the Cruse company received numerous letters asking them to write insurance, but were prevented from doing so because the policies had been diverted to other companies by Downey. Earl Condor, Downey’s attorney, clashed with Hugg during the hearing, when he alleged Hugg was "not courteous." Conder was instructed by Cox to show the court the petition for sale of the rental department. Aiming at closer supervision of bank and other receiverships, Cox today had ordered all receivers under his jurisdiction to file monthly reports with the court. This is Cox' first move toward putting the receiverships cn a business and economical basis. It is in keeping with his theory that the public should know the status of receiverships, especially those of banks having thousands of creditors. SHARE HEAVY EARNINGS Lincoln National Life rays $4.05 for Each §lO Holding. B n United Brmst FT. WAYNE. Ind., Jan. 31. Earnings of $4.05 on each $lO share for 1932 were announced by directors of the Lincoln National Life Insurance Company here today. Byron D. Miller, president of the F. W. Woolworth Company, , was elected to the board of directors.

SHOE SALE! All This Week AH Shoes Displayed on Tables oTds C Dress S h oes t -MILLER-WOHLco | 45 E.WASHINGTON ST.

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