Indianapolis Times, Volume 44, Number 231, Indianapolis, Marion County, 4 February 1933 Edition 02 — Page 2

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APPROPRIATION BILLS TO GET h RIGHT OF WAY Main Item on Calendar for Next Week; Legislature at Halfway Mark. Halfway mark of the seventyeighth general assembly was reached today, with the legislature In recess until Monday. Limited by the state Constitution to sixtyone. days, the second half will be entered next v.eck. with biennial appropriations lor all state activities the main item on the calendar. Major accomplishments for the first half of the session was the passing of the administration bill to give Governor Paul V. McNutt full control of all state activities exerpt judicial and legislative. This act went into effect late Friday when McNutt signed the enrolled act. Total of 522 proposed laws have been introduced in both houses, 201 in the senate and 321 in the house. Hills Pour In This flood of bills is contrary to pre-session hopes of the administration that the assembly would consider only a few important measures) and adjourn prior to the time limit. Another attempt to ease matters for delinquent taxpayers who own real estate is made in a bill intro- 1 timed Friday by Senator M. M. Mahoney iDem., Indianapolis), and Senator E. C. Swihart iDem., Elkhart). Beginning with property owners delinquent since the spring installment of 1932, and applying to all future tax-paying dates, county au-1 ditors would be empowered to accept promissory notes, payable in Irn years and bearing 6 per cent interest, in full payment of taxes. i Property as Security • To enable the county to obtain) funds, these notes would be translated into bonds to be offered for! isalo to the investing public. Security for the bonds would be the property against which the taxes had; been levied and against which a taxi hen woud apply in case the notes j were not paid. It is understood that Marion county officials arc in favor of the| measure, claiming it wouid give relief to delinquents by allowing them to retain possession of their properties and at the same time allow the county to get cash on which to: operate all governmental functions. In effect, the bill makes the coun- | ty the banker for delinquent taxpayers on a 6 per cent interest basis.) Proposal to create a state areo- \ panties commission, based on aviation rules of the federal government, failed to survive in the sen- I ate, following a divided committee' report. Move Is Beaten Authors of the bill claimed that Indiana was backward in regulation of airplanes and pilots, but op- ! ponents of the measure argued that it would be “just another commission at the taxpayers’ expense.” Motion to indefinitely postpone the bill was carried by a vote of 21 to 17. Thirty new’ bills were introduced in the senate .Friday. Immediate repeal of the 50-eent mortgage filing fee, imposed at last summer’s special session of the assembly, was among the new' bills introduced. House members Friday were treated, to the unusual spectacle of Speaker Earl Crawford leaving his platform to speak on the floor for a Connersville school bond bill. Urging that attention be given him only as a representative from Wayne county, and not as Speaker, Crawford supported the bill which would let Connersville issue SIOO,OOO in bonds to continue operation of its schools. Crawford warned the house not to “allow' a few narrow-minded leaders of the Hoasicr Taxpayers’ Union to tell you what to do.” The measure was advanced to third 'leading, , Have Sport With Cain The house had a little fun with Representative Pat J. Cain iDem., Ft. Wayne), on his bill to allow Indiana bnkers to bake twentyrunce loaves to compete with products in surrounding states. More than fifty members voted “no” on roli call as Cain's Irish face became almost purple. Practically all the dissenters changed their votes before the roll call was announced, however, and the measure passed by a vote of 75 to 2. House Judiciary B committee has Recommended an amendment to the motor truck regulation bill, exempting farm co-operative organizations. v \ The measure, said to be a compromise lqetwe?n the truckers and the railroads, provides for licensing of trucks by the public service commission, defines common carriers and contract carriers, and calls for and $1 fee from persons seeking permits from the commission. Lighter is killed BY BIT OF SPONGE Strangles to Death During Charity Bout In Canada, By f nited Pr< .< - KINGSVILLE Out . Feb. 4 —An etmateur boxer, Tony Dragon. 25, jfigkiing in a charity bout here. to death on a piece of his sponge mouthpiece, knocked down his throat, coroners had decided after an autopsy. Coroner H. C. Hillis said there were no injuries to the boxer's head, and that he did not suffer a heart attack, as it was believed ■at first. , Dragon collapsed in the third round of his bout, and died within a few minutes. DEATH WREATH STOLEN Ihicf Runs Off With Mourning Flowers at Hammond. *&ft l n ift and /*r* sn - HAMMOND, Ind.. Feb. 4.—As the bedv of Mrs. Thomas O Toole lay In a casket, a thief stole the mourning wreath from the door of the home. A sister-in-law heard steps on the porch at 4 a. m. Opening the front door, she discovered the wreath was gone. Fraternity to Meet Phi Gamma Delta fraternity will meet at 6 Tuesday night at the JLtfieneum.

MILLIONS LOST BY INFLATION

Lesson of Revolution Ignored by Leaders in 1861-65

This i. lhr Ifth of a *t*rie* of article* in which I arl Sparling present* a highlight history of inflaton. BY EARL SPARLING Time a Staff Writer I ONG-HEADED MEN tried to prevent fiat money in the northern states in 1362. They •*-' thought to remind congress of what had happened with such money in revolutionary days, and were shouted down for their lack of patriotism. No worth a Continental? Shame! That proud money had bought freedom and was “soaked with the blood of a nation." As Pelatiah Webster had foreseen in 1791, when he set down the ills of his time, future generations would need his warning. ’ Many thousand families ot full and easy fortune," wrote Webster of the Continental money, “were ruined by these fatal measures and lie in ruins to this day without the least benefit to the country or to the great and noble cause in which we were then engaged.” The Continental congress issued $241,000,000 of fiat money, to which the states added $210,000,000 more $451,000,000 in all. By 1780 the Continental issues had so depreciated that "new tenor" bilks were issued at the rate of one to forty. Within a year the “new tenor” had depreciated to four to a silver dollar. The old bill circulated at 500 i*ud 1.000 to a dollar, what remnants of the Continental

money were not burned or used to paper barber shops finally were redeemed in 1790 at a penny on the dollar. The loose banking that had sprung up in the states continued.l however. Paper money was issued against anything. A bank failed m Rhode Is’and. for example, witty only SB4 of specie against $580,000 of issued paper money. But the men of 1862 were not listening. They had a war to win. So, in February of that year the first $150,000,000 of greenbacks as issued in the northern states —a pure flat money, acceptable at par on government bonds but not redeemable in specie. Additional issues raised the total to $346,681,000. The money began depreciating two months after the first issue. By July 21, 1862, it took $1.20 of paper to buy $1 of gold. Two years later a dollar of gold cost $2.03 in paper. Prices of food, clothing, and other commodities went up with the gold. A barrel of flour that cost $8.25 in 1860 cost $16.25 in 1866. A pound of 17-cont butter cost 55 cents in 1865; an ll'--cent pound of coffee, 43 I cents. At the peak of the movement | a paper dollar was worth about 35 ! cents. Some of the rise in prices and the I depreciation of money was due to the war, of course, but the train of | consequences lasted until 1879. B B B AS was suggested earlier in these I - articles, every man wants to know what inflation will mean to, him. The green back inflation,• within reach of modern economicj method, offers the best chance of finding out. What does inflation mean to the man on a w'age or salary? A table compiled by Dr. Richard T. Ely in j “Outlines of Economics” shows that in 1833, when the average retail I price of twenty-one commodities had increased 31 per cent, the average wage had increased only 4 per cent. The workingman was 27 per cent behind in the race to keep up with the cost of living. In 1865, when j retail prices reached a peak of 119 \ per cent above 1860, the average J wage had increased only 55 per cent. The w'orking man w r as 64 per cent behind. The employer was paying him a $1.55 dollar; the grocer and butcher W'ere demanding a $2.19 dollar. What does inflation mean to the employer? Well, the employer had all the best of it until 1869, when wages and retail prices reached an equilibrium, the retail index standing 79 per cent above. But from 1869 retail prices slowly declined each year. They stood at 151 in 1872, when wages stood at 185. Retail prices stood at 140 in 1875; wages at 163. And finally when the government resumed specie payments Jan. 1, 1879, and made the paper dollar worth 100 cents in gold, retail prices still were 23 per cent above 1860, but wages were 39 per cent above. What does inflation mean to the wholesaler? In 1864 wholesale j prices were 125 per cent up, when retail prices had advanced only 115 per cent, and wages only 42 per cent. In 1865 wholesale prices again had the advantage, 124 per cent I against 119 for retailers and 55 for I workers. B B B BUT from that time on, wholesale prices were constantly at a lower level than retail prices, 144 compared with 155 in 1871; 134 compared with 140 in 1875. And in 1879, when retail prices still were 23 per cent up, wholesale prices were 7 per cent lower than in i per cent minus. What inflation meant to short- | term debtors is apparent. A man who borrowed SIO,OOO in 1860 could pay it off in 1864 with SIO,OOO in I greenbacks, which were worth less j than $5,000 in real money. That taught large creditors a les- | son. Most of them would not get | caught such a way today. W. lan Mack has pointed out recently that of the $108,000,000,000 private and 1 commercial debt now standing, probj ably three-fourths is payable not in dollars, but in gold of specified weight and fineness. Debtors re- : quired to pay this in gold would be | hurt by inflation. Such a debtor in 1864 would have had to pay $20,000 for every SIO,OOO borrowed in 1860. It can be noted : that most of the government’s bonded indebtedness is payable in gold. Dr. Ely sums up what inflation

STRIKING CHANGE IN TIMES-UNIVERSAL REEL

————————————— ' I : . . ' .. |ff§| ”, GRAHAM If) ■" ... ■

The Indianapolis Times-Universal. Newsreel has inaugurated a striking innovation in presentation of newsreel subject-matter, starting with the current issue, now showing cm local screens. Instead of the customary print type headlines, introducing each subject, the new development uses moving words, similar traveling electric sign.

which I art Sparling present* a highlight history of inflaton. cut fiat money in the northern states in 1862. They hat had happened with such money in revolutionary ! That proud money had bought freedom and was // dp ' As Pelatiah Webster had foreseen in 1791, when md easy fortune.” wrote Webster of the Continental , 1.000 to a dollar. What remnants of the Continental r jL Jjfk < j Scene In Gold Room during the i ! A ND America was to have anintense excitement of Friday, . j • TV other panic, even worse, before Sept. 24, 1860. From a drawing iif ; inflation had finished Us work. ori neant to the federal government MEI me nt, failed in Philadelphia, dragifter the Civil war: ’’The govern- illllk j■ ging thousands of business men lepreciated greenbacks, but to main- j Thirty-seven banks suspended the ain its credit it had to pay the in- j next day. The New York Stock Exerest and ultimately the principal j change suspended trading for ton “Supplies for the army were paid I mMMBi A “Widespread unemployment added o r in depreciated greenbacks, but to the general distress,” writes Robhese greenbacks had to be ultimate- Irving Warshow in The Story y redeemed in gold. It has been cs- -\v Wall Street. Gradually, howimated that the use of the green- •• ever * a! \ subsequent deflation lacks increased the exDense of the : corrected the financial balance, the

Scene in Gold Room during the intense excitement of Friday, Sept. 24, 1869. From a drawing iif Harper's Weekly. meant to the federal government after the Civil war: “The government was forced to sell bonds for depreciated greenbacks, but to maintain its credit it had to pay the interest and ultimately the principal of these bonds in gold. “Supplies for the army were pa ; d •for in depreciated greenbacks, but these greenbacks had to be ultimately redeemed in gold. It has been estimated that the use of the greenbacks increased the expense of the Civil war by nearly $600,000,000.” What does inflation mean to the rich man? Back in the 60's and 70’s some of them got richer. Long before the poor man knew his paper dollar was becoming more valuable, the rich were out accumulating greenbacks toward the day when the government would redeem them in gold. Many American fortunes were founded in those years leading up to 1879 and redemption. B B B Depreciated money and the chance of reaping unearned profits from the less shrewd resulted in all the phenomena noted by Webster and Ramsay a century earlier. “Everybody made ventures,” writes Medberry. “Gold was the favorite with the ladies. Clergymen affected mining stocks and petroleum. Lawyers had a penchant for Erie. Solid merchants, preferring their customary staples, sold cotton and corn for future delivery or bought copper and

BRAKE ESTATE HOAXER HELD Illinois Man Is Ordered Deported by British Authorities. liti l nihd Press LONDON. Fev. 4. —The home office issued a deportation order today against Oscar M. Hartzell of Monmouth, 111., on charges of swindling hundreds of credulous Americans who believe they w’ere entitled to a share in the much publicized Drake estate. According to records at the United States consulate-general, Hartzell came to England in 1923 from lowa, reportedly to check up on an agent so whom he had given funds to press his own claims for a share in the estate. Hartzell was said to have decided, after finding the entire Drake affair to be a fraud, that he could make money for himself by staying here and investigating the “claims” of other Americans. Hartzell was lodged in Brixton prison today after years of efforts by American officials to break up his system through which he allegedly collected thousands of dollars from Americans, particularly middle westreners, through offering to represent them in their claims to the estate.

The date-lines and brief headings move across the screen like huge letters of brilliant electric bulbs against a dark sky. The new method introducing news pictures is the creation of Allyn Butterfield, editor of the newsreel, who calls it giant travel-type. A number of advantages are claimed for it, including better legibility, due I to the larger now possible.

THE INDIANAPOLIS TIMES

Jim Fisk salt on margin.” Until finally, a man for the times. Jay Gould, laid his dark scheme to corner the free gold supply of the nation. That scheme involved wholesale bribery of any one close to President Grant, that the general might be persuaded not to sell any of the government’s $100,000,000 of gold and thus break the market. With the nation on a paper standard, gold had, of course, become a commodity. Merchants needing it to meet their exchange bills abroad had to go into the open market and buy it with greenbacks at whatever inflated price the holders demanded. During the later months of 1869, Gould bought millions of dollars worth. The floating supply was estimated at about $20.000,000. It was within the power of a small group of men to corner the market, provided the government did

He’ll Win That Is, If Roosevelt’s Fish Stories Equal His Other.

BH T'iiiled Pics* JACKSONVILLE, Fla., Feb. 4. —Have you a great Haitian shrink bird in your home? No? Well, neither has any one else. If you don't believe it, a;fK Presi-dent-Elect Franklin D. Roosevelt. Mr. Roosevelt, who enjoys a joke, told today how he made the front pages tw’elve years ago by relating to a youthful New York reporter the hair-raising story of combing the dark and dank Haitian jungles for the elusive shrink bird. The last specimen, he said, had been seen flying in a southerly direction in the year 1840. He told the reporter he went to find the grandchildren, or maybe the great grandchildren of that bird. “We came upon him,” the Pres-ident-elect said to the reporter. “There was the whirring of wings. I fired and missed. My. but he was a big fellow. As big as an eagle. My companion blazed away and hit. We went to find the great shrink bird. “But 10, when we came upon his carcass he had shrunk to the size of a chicken. And before we could get him into the pot to cook him, believe it or not, he was a dainty morsel, the size of a humming bird. “And that.” Mr. Roosevelt added, “made page one.” This story was told in connection with his plans for his tenday deep-sea fishing trip, so lock out. 808 ZUPPKE IS HERE 200 Illinois Alumni to Hear Famed Grid Coach Tonight. Two hundred alumni of the University of Illinois with their wives and friends will hear Robert C. Zuppke. Illinois football coach, and see a sound picture, “The Illini Trail,” tonight at the Columbia Club. An informal dinner will be given Zuppke at 6:30. W. R. Spurlock is president of the Indianapolis Illini club. George <Potsy) Clark will introduce Zuppke. AWARDS ARE RESUMED The Art Association of Indianapolis again will award scholarships to high school graduates of Indiana, it was announced today. The association discontinued awarding scholarships years ago, but due to the large nu [ygw ol requests from teachers and ii KF ir awards have been resumed^sio>M

Jay Gould not release any from the treasury. The crash came on Black Friday, Oct. 4, 1869. Gold went up to 145, to 150. to 160. Then the government started selling. Hundreds of firms were ruined that black day, thousands of individuals. Jay Gould and his teammate, Jim Fisk, though their conspiracy had collapsed, were not ruined. Gould repudiated his brokers, refused to pay for purchases made in his name, was given legal sanction by the corrupt Boss Tweed municipal' government and escaped with anew fortune. n B AND America was to have another panic, even worse, before inflation had finished its work. On Sept. 18, 1873. Jay Cooke, chief wartime money lender to the government, failed in Philadelphia, dragging thousands of business men with him. Thirty-seven banks suspended the next day. The New York Stock Exchange suspended trading for ten days. “Widespread unemployment added to the general distress,’’ writes Robert Irving Warshow in “The Story of Wall Street.” “Gradually, however, as the subsequent deflation corrected the financial balance, the fury spent itself. “It took. more than five years, however, for the country to recuperate completely, and only after dragging itself through this period cf misfortune and misery did the ailing industrial and financial organs of the country at last completely resume their normal functions.” Many a citizen will be surprise to know that the 1862 greenbacks are still in circulation. Following resumption of gold payments in 1879, the government reissued the bills as fast as they came in. A fund of $150,000,000 of gold was set up to pay whoever presented one of the bills and demanded gold. The reserve fund is still ready. Look in your pocket. The bills with the red seals are greenbacks. There are $293,884,718 of them outstanding in the public’s hands, including 19,883,000 $2 bills. Next—Sparling will discuss inflation in Germany.

MT. VESUVIUS IS IN ACTION Countryside Terror-Stricken by Explosions Deep Within Mountain. By United Prcus NAPLES, Italy, Feb. 4.—Mt. Vesuvius, fiery ancient volcano, after slumbering two years, has resumed intense activity. rumblings and earth shocks caused panic Friday among the people of the countryside and nearby villages. Hundreds of quakes had been registered since early Thursday. Professor Alessandro Malladra, director of the Vesuvius observatory’, announced. The most severe came at 3:30 p. m. today, shaking the observatory for fifteen seconds. It was felt in nearby towns of Torre Del Greco, Resila and Portici.

200,000 Men Mobilized to

Keep Jehol, Japan Warned

Chinese Generalissimo Says Invasion Will Be Fought Bitterly. BY HERBERT R. EKERS I nited Press Staff Correspondent (Copyright, 1933. by United Press) PEIPING, Feb. 4.—Marshal Chang Hsueh-Liang. young commander-in-chief of China's armies in the northern area, sternly warned Japan today that his forces, numbering upward of 200,000 men, were mobilized and ready to defend Jehol province against the next Japanese advance. In an interview with the United Press, the generalissimo declared that if Japan renewed the Jehol offensive, as threatened, “it will be impossible to predict where the hostilities will end.” “We are ready to fight,” the marshal said. “We hope the offensive will not come—but it appears to be developing. ‘■lf they invade Jehol, it will mean the most serious warfare yet to come in this fighting. Our men are better equipped and we are ordered to resist any attempted adI vance. We are ready.” Chang has been in the sound of almost all bein'* rices] * of oAfl Marshal *

BANK OFFICIALS ARE GIVEN U. S. PRISONJERMS •Think of Depositors/ Says Baltzell in Sentencing Three State Men. Replying to pleas for leniency with the remark. “Think of the depositors.” Federal Judge Robert C. Baltzell Friday sentenced three officials of the defunct Spencer tlnd.) National bank to a total of nine' years and a day for violation of j the national bank act. Karl I. Nutter, president of the Spencer bank and the Martinsville Trust Company, was sentenced to five years in Leavenworth prison. The trust company also is in the hands of receivers. Frank Wright. 3129 College avenue. cashier, was sentenced to the federal reformatory at Chillicothe, 0.. for three years. The bank’s vice-president, Temple G. Pierson, was sentenced to a year and a day in Leavenworth prison. The three officials were among 170 men and women who faced Baltzell, charged with bootlegging, narcotic peddling, counterfeiting and kidnaping. Scored by Judge Nutter, who claimed he lost $200.000 in the closing of the two institutions, was scored by the judge when he said he did not know’ the condition of the Spencer bank at the time the misappropriation of funds took place. Nutter said he asked Wright for funds from the Spencer bank to bolster the crumbling Martinsville institution, but that he had no idea he was endangering the bank's security. “You were a bank president for twenty years,” said Baltzell. “You should have found out in that time that it was your duty to know the bank's condition.” When Homer Elliott, attorney for Nutter, pointed out that none of the officials had taken money for their own use, Baltzell said, “Does that mean anything to the depositors who now are living in or near poverty because of the money they lost in the bank?” Gets Slight Sentence Violation of the new law against use of the mails for extortion brought a sentence of a year and a day for Myrt Myers of Greenwood. The law was passed by congress following the Lindbergh kidnaping case last year. Myers sent a letter to a Greenwood business man threatening to kidnap his baby if he did not deliver $3,000. Myers was captured when he tried to collect the money. “I am passing a light sentence on this man,” said Baltzell. “But if any gangsters* try it, I will give them the limit.” The law calls for “imprisonment of not more than fifteen years.” Many Others Sentenced Those sentenced in the Indianapolis division on liquor charges were: Harry McCormack, four months; Joe Marino, six months; Joseph Dumato, $l5O fine and ninety days; Walter Ewing, Negro, six months; Frank Beard, four months; William Jones, one day; Albert Shireman, four months; Charles Fosso, four months, and James Presuttio, four months. Sentenced on other charges were: Charles Truckey of Stendal, passing counterfeit money order and possession of counterfeiting equipment, five years; Miss Marguerite Pappas, Greenville, 0., passing countered money orders, year and a day; Raymond Enneking, Brooklyn, N. Y., tampering with mail box,'two years; Arthur Dillingham, forging adjusted service certificate and counterfeiting, five years on each count, to run concurrently; Lauren H. Turk, white i slavery, five years; William Ball and Helen Sullivan, forging narcotic prescriptions, two years. PROVIDE NEEDY FUNDS Margaret Butler Snow Foundation Money to Be Used. Funds from the Margaret Butler Snow foundation, now being used to combat tuberculosis, will be placed in a general fund to supply medical aid to needy families, it was decided Friday at a meeting of the boYrd of health. The board's action was acceptance of the report of a special committee appointed two weeks ago to study ways of furnishing medical care to depression-stricken families. Divorces Actor Second Time By l nited Prrss LOS ANGELES. Feb. 4. —Segunda Yriondo Lederer, member of a wealthy Barcelona, Spain, family, Friday, for the second time, was divorced from Otto Lederer, actor. She was divorced from Lederer in July, 1929, but a reconciliation was effected.

Lin, erstwhile bandit chieftain who conquered Manchuria and then Peiping, and turned it over to his son when he was assassinated while retreating to his old capital at Mukden, in 1928.

aVToday’s Almanac: February^ 17&9 'First electoral vote is cast and G. Wastiintfton £ets the job. ° o 17 94-First theater opened in Boston, This oives censors a chance to theaters iri Boston.

FORECLOSURE FATAL

w^m m

Luther D. Marr. above, retired Kansas City, Mo., banker and real estate man. is believed to be ths first murder victim in the midwest’s war on foreclosures. Marr was found in a highway ditch near Fort Scott, Kan. A few hours earlier he had visited a Kansas farm to foreclose a mortgage.

LAWYERS LASH BAR’S PROPOSAL Appointment of Judges Is Unwise, City Society Says Flatly. Protest against a plan of the Indianapolis Bar Association for nonpartisan appointment of county judges by the Governor was registered by 200 lawyers at a mass meeting in circuit court Friday night. Copy of a resolution adopted by the Law Society of Indianapolis, with only one dissenting vote, will be sent all members of the state legislature. James Bingham, attorney, presided at the mass meeting which was attended by Law Society and Indianapolis Bar Association members. A measure, adopted by the bar association Wednesday, urges enactment of a law which -would set up a judicial council in the county. The council of seven or nine members would be named by the Indiana supreme court, the circuit court judge, an dtwenty-one past presidents of the Indianapolis Bar Association. Under the plan, the council would nominate net less than two candidates for all judgeships, not designated in the constitution, leaving appointment to the Governor. “The new plan neither is wise nor calculated to remedy the evil supposed to exist by its authors,” the Law Society resolution states. Bar Association members contend the new plan would take judgeships out of politics, but protestors claim this would not be accomplished. Such legislation, the protest resolution sets forth, would be to close the door of opportunity against independent, individual candidates.

FOUR PRISONERS ESCAPE HERE Flee From Deputies While Being Taken to State Farm. Four prisoners escaped from custody of Marion county deputy sheriffs in the downtown district early today while being taken to the Indiana state farm at Putnamville. Twenty other prisoners did not escape. Two of the prisoners leaped from rear of a bus at West and Washington streets, while two others made their escape at the White river bridge. Squads of police were scouting both vicinities in search for the escaped men. The deputies were Harry Coot and Michael Lane. The escaped prisoners are Leroy Bryant, 2235 West Morris street; James O. Finn, 2623 East Washington street, and James Smith, Negro, 411 West North street, all facing terms for drunkenness, and Robert Daniels, Negro. 653 Bright street, convicted of petit larceny. AUDIT SHOWS SHORTAGE Accounts of Former Bank Cashier, Who Killed Self, Checked. By United Perm PINE VILLAGE, Ind., Feb. 4.—A state banking department audit of the defunct Bank of Pine Village has revealed a shortage of approximately $7,000 in th# accounts of S. S. Jacobs, former cashier, it was reported here today. Jacobs committed suicide at his home here Jan. 25. NEW ELEVATOR BOUGHT State Highway Commissions Provide Statehouse Annex mproyements. While marking time, pending Governor Paul V, McNutt's reorganization plans, state highway commissioners this week made one accomplishment. They decided to buy anew elevator for the statehouse annex. The old one has broken down.

INTERESTING READING

Preferences do differ in the selection of interesting reading, but on one book approval should be unanimous—it is a savings passbook. Such a book increases in interest and profit as the credit balance it shows climbs to bigger figures.

THE INDIANA TRUST ?rt"L. sXUSs $2,000,000.00 THE OLDEST TRUST COMPANY IN IN WAN A

FEB. 4, 1933

HITLER OWES POST TO BLUFF BY IRON MAN' Von Schleicher Blocked Von Papen From Power in ‘Comic Opera’ Plot. By Vnittd rref* BERLIN, Feb. 4—Adolf Hitler, Fascist leader, owes his appointment, as 'chancellor of Germany to a “bluff ’ by former Chancellor-Gen-eral Kurt von Schleicher, the United Press learned today. General von Schleicher, who resigned last Saturday, denied the widely published story that he had planned a coup d'etat last Monday for. the purpose of establishing a military dictatorship. However, in his denial. Von Schleicher omitted the real tale, and the dramatic events were related by one of his confederates. Following Von Schleicher's resignation, President Paul von Hindcnburg planned to name Franz von Papen as chancellor in a nationalistic cabinet. Bluff Causes Much Talk Von Schleicher, however, convinced that an overwhelming majority of the people were hostile to Von Papen, and his appointment might arouse resentment in the army, summoned a few close friends, including military men and high civilian members of the government, to a secret conference at a private Berlin residence. They agreed, it was authoritatively said, deliberately to circulate false rumors not only of Von Schleicher's purported military coup, but to disseminate a report that he intended to arrest Von Papen and others even more famous, including Von Hindenburg's son. Colonel Oscar von Hindenburg, if Von Papen were named chancellor. According to Von Schleicher’s confederate, no actual preparations for a “putsch” of that sort, or the arrest of prominent personages ever seriously was undertaken. Successful, They Claim He said that the entire scheme merely consisted of circulating rumors for the purpose of bringing pressure on the Nationalists in Von Hindenburg's entourage to refrain from appointing Von Papon. The perpetrators of the conspiracy put up their bluff, and now claim their “comic opera” plot has been most successful, from their point of view. Apprehension grew among high political leaders not in on the scheme, they said, and a hurried conference was held Sunday night, including Von Papen, Hitler and Dr. Alfred Hugenberg, head of the Nationalist party. The meeting culminated in the abandonment of Von Papon's candidacy for the chancellorship, it was claimed, and Hitlers appointment.

DESPONDENT, YOUNG CONTRACTOR ENDS LIFE City Man Compliments Wife on Lunch, Then Puts liullet Into Heart. After complimenting his wife on the excellence of a lunch, Roy Steckelmeyer, 30, of 334 South Lyons avenue, a contractor, went to a bedroom in his home and shot himself through the heart, Friday afternoon. Dr. John Salb, deputy coroner, said he learned that Steckelmeyer had been despondent because of financial affairs. Mrs. Steckelmeyer said her husband gave no sign of his impending act. After he left the table, he went to the bedroom, she said, and closed the door, without speaking to her. “Quick Action” is what many persons call Times Want Ads. They cost less than those in any other paper in the city. A CLEAR COMPLEXION Ruddy cheeks—sparkling eyes—■ most women can have. Dr. F. M. Edwards for 20 years treated scores of women for liver and bowel ailments. During these years he gave his patients a substitute for calomel made of a few well-known vegetable ingredients, naming them Dr. Edwards Olive Tablets. Know them by their olive color. The.se tablets nr'’ wonder workers on thf> liver and bowels. causing a normal action, carrying oft the waste and poisonous matter in one's system. If you have a pale face, sallow look dull eyes, pimples, coated tongue, headaches. a listless, no-good feeling, all out of sorts, inactive bowels, take one of Ilr. Edwards Olive Tablets nightly for a time and note ihe pleasing results. Thousands of women and men taka Dr. Edwards Olive Tablets—now and then to keep fit. 10c, I'.Oe and flOc.— —Advertisement.

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