Indianapolis Times, Volume 44, Number 232, Indianapolis, Marion County, 6 February 1933 — Page 12

PAGE 12

PRUSSIAN DIET IS DISSOLVED BV HITLERITES Franz Von Papen Is Named Premier by Hindenburg Emergency Edict. BY FREDERICK Kt'H 1 nit#*l Frr Staff (. orrrepondrnt BERLIN, Fob. 6—The Prussian diet was dissolved today under authority of a presidential decree which permits the reich government to take over authority in the state. President Paul von Hinchnburg opened the way for dissolution of the Prussian diet by signing an emergency decree removing Prussian Premier Otto Braun and naming Vice-Chancellor Franz von Papen to replace hint. Von Papen also Is federal commissioner in Prussia. The Prussian government was ousted by Von Papen when he was chancellor, but retained the nominal rights of office and representation on the federal council, A federal commissioner was installed to rule the state. Six Slain in Eights Braun was a member of the Prus- ; sian state council and would not! vote for dissolution of the diet. He I was removed to make dissolution possible. Six deaths in political fights over | the week-end have accelerated Chancellor Adolf Hitler’s plan to | gag the press and curtail freedom of j assembly. Tn an emergency decree which was published today, the Nazi chan-1 cellor, who came into office just one ; week ago, is empowered to take drastic measures against his oppo-j nents through the curtailment ot constitutional rights. Mayor Is Assassinated Week-end violence included the assassination of the Socialist mayor of Strassfurt, Herman Hasten, who was shot and killed by a Nazi student. The mayor was attacked as lie was entering his home. The student is under arrest. First reports of the toll of fighting listed about fifty persons injured in street fights and brawls. Outbreaks occurred at Breslau, Chcmitz, Munich, and other cities and towns. Despite a steady drizzle and a cold, biting wind, Hitler, the former crown prince, members of the government, and a crowd of 120,000 stood for five hours Sunday during semi-military funeral services for a Nazi and a police officer killed in a street fight with Communists. There were 50,000 men in uniform at the services, brown shirt Nazis, members of the Steel Helmets, and police. Be ready for that bit of “weather” . . . order your fuel today from reliable coal dealers’ ads in the want section.

Kate Smith Is a Dear Big Sister in Her New Movie ‘Luxury Liner,’ at Circle, Is Realistic Story of Trip on Ocean Vessel. BY WALTER D. HICKMAN IVATIIER have the hunch that after you see Kate Smith in “Hello V Everybody,” you will say that Kate is one big dear. If radio Kate had ordered this story tailor-made for her debut as a movie star she could not have obtained a more appropriate vehicle. It is my thought that this movie is going to make her pretty much of a pretty big sweetheart in every home in which she is a radio favorite. The Kate Smith that you see in this story, is a lovable big sister on a western farm who saves her neighbors’ lands from being swallowed up by the power trusts. And it is Kate's voice that defeats the power trusts and keeps her neighbors happy and satisfied.

Now Kate, as you know, in real life is no Venus, as she is constructed on the Covered Wagon style, but this girl has honest to goodness homey personality and a voice that soothes and pleases. Even in a gingham dress and apon, Kate is a sweet big sister who locks over the

welfare of her ailing mother, her brother and her would-be flapper sister. You sympathize with Kate way down on the farm fighting the greedy grabbers of her beautiful farm. But when Kate first leans out of a window and sings ‘Moon Song’ while her little sister makes love to the object of

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big Kate's loving heart, well, you have the pathetic Kate longing for romance. And her personality puts over that quality. Then watch her when she goes big tme as a radio artist. Watch the way she dresses and the way she puts over such songs as "Pickannies’ Heaven," "Out in the Great Open Spances" and the theme song of her story, "Twenty Million People Are Listening.” Here is a group of songs that gives this singer a splendid opportunity to show the sweetness of her voice and her unaffected manner of putting them over. Her personality is gracious and loving. In other' words, I think Kate Smith on the screen (that is this picture) is one grand person. Randolph Scott and Sallv Blane have the love roles and Charles Grape win is splendid in a comedy rube role. Am telling you, I am sure you will love this one. I did. In the orchestra pit this week we have Billie Leonard, singer, and Ed Reseller and the orchestra. Now at the Indiana. Baa HERE IS “GRAND HOTEL" OF THE OCEAN "Luxury Liner" is a plain, realistic story of a certain sequence of events which might take place on any ocean trip. As far as individual acting is concerned, there is none to brag about. The actors do not impress one as being hired to portray the different parts in the dramatization, but seem to just have happened to be the participants in this particular situation. The picture is almost devoid of characterization. C. Aubrey Smith has another of his genial, yet gruff old gentleman’s parts and does quite well with it. His contempt of the usual conventionalities in character portrayal is one of his winning points. He looks, moves, and acts much the way he

INITIATION BRINGS CHAOS Billions of German Marks Buy Only Railway Ticket

Sir Basil IV Ilackrtt. director of SS§f§F . : ss**■■*"**'"' //. if Bank of England, who defends .‘,s W in which • ' O-' ~ IK v l Writer Wk Th u. because men of the do- J M.iiu.ml t’ , •rve that while they lived by one inflation is a start toward eco- \ ¥ V ' \ toney. hand money, the classical nomic equilibrium. \ < | Ibd - v 'civilization. gan. Her paper circulation had "

Sir Basil P. Hackett, director of the Bank of England, who defends inflation. This is the sixth and last of a series of articles in which Earl Sparline presents a highlight history of inflation. BV EARL SPARLING Times Staff Writer OSWALD SPENGLER coined his phrase, “money as function,” in 1917 as subversive a phrase as capitalism has yet heard. That, because men of the declining west were invited to observe that while they lived by one money, hand money, the classical coin, their millionaires lived by another kind, mental money, book money, so intangible that to try to touch it would be to destroy a civilization. From his cloister in Germany, Spengler was to witness strange things. He was to see w’hat can happen when the money-thinkers, their dream suddenly dispelled, fall back on the hand money of the people. He was to ses an inflation of hand money in Germany after the World war that became pure dynamism, a pure Faustian expansion with only infinity as a limit. Until in the end the very conception of money was forgotten, a bushel of wheat being no longer valued in terms of money, but money being valued in terms of wheat. Germany ended the war owing some seventy billion gold marks of national debt. Despite defeat, her mark averaged 17.18 cents in 1918, compared with 23.46 cents at par.

wishes whether it is so-called good drama or not. And the shock comes when we see that what he has created is good characterization. Alice White returns to the screen j with a promising performance as the ambitious steerage passenger j who finds out that life cn the upper I decks is not so hot. She has much 1 the same vivaciousness in this part j as was displayed in her earlier sue- | cesses. Zita Johann as the nurse whose } life has become “just one con- I tinuous voyage,” is good. She has a j reserved manner and a coolness j which fit the part well. George Brent has one of his poor- j est roles. There is nothing much j for him to do but what he does do, and he seems to know that at the I start. His emotional scenes are! merely flares and there never is any definite reason for his actions. The picture has anew type of j presentation along the lines of; "Grand Hotel.” Be your own judge. I Now at the Circle. ißv the Ob-: server). tt a tt DIAMONDS AND HEARTS ARE HIS SPECIALTY My verdict of “Dangerously Yours” j is that it is pretty comfortable and j entertaining theater. Not a whale of a story of a thief j who steals a rich old woman's jewels 5 and then kidnaps a lovely girl j (Miriam Jordan) who knows too |

much about the thief (played by Warner Baxter in his best he-man style). Will not tell you the reason why the girl had to be kidnaped. Wlil refer you to the story and the surprise. Baxter becomes a regular modern caveman in many of the yatch scenes as he holds the lady a captive. And when it comes to putting up a real fight, well, the lady

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in leg irons or anchor is there with the knockout punches. The less you know about the jewel thief mystery the more fun you are going to have. The truth is “Dan- j gerously Yours" is mighty effective j melodrama, well acted and splendid- j ly photographed! Now at the Apollo. Earl Carroll's Vanities opens a three-day engagement tonight at English's. Raynor Lehr is presenting his company on the stage in "Alabama's return." and "The Penguin J Pool Murder" is on the screen at the Lyric. At the Belmont is "Fraid to Talk" and "Fast Life.” At the Talbott is "Washington Merry-Go-Round” and Scarlet Dawn. Movies at the Capitol.

J. Maynard Keynes, famous British economist, who finds that inflation is a start toward economic equilibrium. There was $538,861,000 of monetary gold in the treasury. $40,353,000 more than when the war began. Her paper circulation had averaged 5,834 million marks in 1913, well secured by gold, and the circulation had not been increased dangerously during the war. n tt a NOW, however, with her business men clamoring for money with which to rehabilitate, inflation began. In 1919 the mark dropped to 6.70 cents. In 1920 to 1.75 cents. The more money the reichsbank printed, the more was needed. The mark dropped to 1.21 cents in 1921 and to 23-100th of a cent the next year. The cry for more money was unceasing. By now the reichsbank had 133 printing offices busy making marks and it took thirty paper factories to supply the necessary paper. In December, 1923. there were 496,507.424,771,973,774,000 marks in circulation. And even that was not enough. On Oct. 16, 1923, ten billion reichsmarks were worth slightly more than 8 cents. Three days later they were worth 114 cents. By Nov. 3 that year it took 100 billion marks to buy a penny's worth of food. Finally it vanished into nothingness. In other cases of inflation it has been possible to trace concretely what was the effect on workers, debtors and employers. In the Germany of 1923 ch'anges in value could be figured only by calculus. Every experience became fantastic. Railroads would sell tickets for only fifty miles of travel at a time; at the end of fifty miles the traveler would have to buy another ticket at the new value of the mark. There is a story of a man who made a short trip, which cost him 1,000.000 marks. His return a few hours later cost 2,000.000 marks. It is recorded that men paid off SIOO,OOO mortgages with less than SIOO in real money. Workmen got their wages at the end of the day and raced to the grocer to convert it into food, only to find time after time that the mark had so depreciated since morning that the total would buy only a loaf of bread. a tt tt THERE was ltitle unemployment during the early stages of the inflation—only 222,410 persons were registered for the dole on April 1. 1923. During that period the factories hummed. Labor was so cheap that manufacturers were able to flood the world with absurdly low priced products and still make handsome gold profits for themselves. At the end of 1923. those “weakest economically” were hit harder. The number receiving the dole suddenly increased in two months to more than 8,100.000 and to this day there are 5,383,000 Germans without work. Creditors fared as ill. The national debt finally was marked down, after creation of anew gold mark and stabilization in 1924, to 2 1 j to 5 cents on the dollar. All mortgages not already paid off in fantastically depreciated paper were legally marked down to 25 per cent of face value. Owners

MOTION PICTURES Fit KE PAUK—Plaza .Motor Inn !40C LAST 1 DAYS! after Warner BAXTER In His Best Role Mm llr ' Miriam JORDAN I Herbert MUNDIN I Extra! Harry I.angdon Comedy f NEXT FRIDAY l JANET WILL , GAYNOR—ROGERS Lew Ayres—Sallv Filers in “STATE FAIR’

Warner Baxter

ixow playingi |i The Grand Hotel of the IpSea; Thrilling, Exciting LUXURY LINER” George Brent. Zita Jo- Ej hann, Vivienne Osborn, H Alice B hite S3 Added Short Subject* PP axiroet tSf AFTER 6CM IHfVTNIMGtI ft

THE INDIANAPOLIS TIMES

A 100,000-mark note issued in February, 1923, during the period of extreme inflation in Germany. Above, Dr. Hjalmar Schacht, currency commissioner during the inflation period.

of industrial bonds had to accept 15 per cent of the value. All of these legal .settlements were made, of course, in the new gold mark, with a par of 23.82 c-mts. Why Germany indulged in such weird inflation still is something of an international mystery. The French explanation is that the Republican leaders were determined to wreck the country’s earning power so that reparations could not be accepted. Dr. Schacht has denied that in his book. “Stabilization of the Mark,” detailing the frantic efforts leaders made to stop and control the movement in 1923. a >t tt THE Germany of 1923 thus affords a terrifying picture of what modern inflation can become if it gets out of hand, or if it gets in the wrong hands. And yet America finds such experts as J. Maynard Keynes, the noted British economist, and Sir Basil P. Blackett, director of the Bank of England, defending inflation as a world necessity. The English pound sterling depreciated like other European currencies following the war. It fell to a low of $3,841 (par, $4,866) in 1921. England, guardian of the gold standard, borrowed $200,000,000 from the United States Federal Reserve bank, $100,090,000 from the House of Morgan, and pushed the pound sterling back to par, returning to gold payments in May, 1925. She had to do this, It was claimed at the time, to preserve the dominance of sterling in the great markets of the world. But on Sept. 21. 1931, she had to leave the gold standard again, and now a growing school of her leaders contend that this was for the benefit of both England and the world—in short that world-wide depreciation of money and raising of price levels is necessary. Hear Keynes, writing in 1932 in “The World's Economic Crisis”: ‘ There has been a still recent and, in my judgment, most blessed event, of which we have not yet had time to gain the full benefit.

MOTION PICTURES G2i££|j|p JOKON in the First Picture Ever Made j with "KUythmic Dialogue’’ I Halidujak, IMABUM? WITH MAKE EVANS A United Artists Picture STARTING FRIDAY Another EXCLUSIVE Hitl AI r t ro-G old icyii-M a ycr Proudly Presents KEKE DUNNE with PHILLIPS HOLMES in “The SECRET of MADAME BLANCHE” j || -r ■ >6DVoc,K*ll9 : w (Hra xjc ]■ ■ niorous girl . Ikate smiTHl I “HELLO EVERYBODY” ■ her firtt feature-length SB BE P.ram' i:,i Picf..re w:*h ■jS RANDOLPH MOTT JgW EFJ ED RISEN!R and be Pftß Indiana %CM Oncert Orchestra with F/4B nil I IE LEONARD B 1 FRANKIE PARRISH owmom n >j tow jar

I mean Great Britain’s abandonment of the gold standard. e tt tt REAT BRITAIN’S action vJ has had two single sonsequences. The first has been to stop the decline of prices, measured in terms of national currencies over a considerable proportion of the world. Second, departure of a group of nations from gold means the beginning of a process toward the restoration of economic equilibrium.’’ Sir Basil in his, “Planned Money” points out that the gold standard got established more or less by accident, makes it clear England does not now want her sterling to rise to parity. This country and France are the only two major countries now on the gold standard. And France is on gold with a depreciated franc. France let the franc slide from a parity of 19.3 cents down to 3.92 cents in 1927. She pegged it at 3.91 cents and returned to the gold standard, the new franc being worth only about one-fifth of the old franc in gold. She thus wiped out 80 per cent of her 38,500.000,000 franc internal debt. She now has $3,292,000,000 in gold, 27’ i per cent of the world's supply, compared with only 13)4 per cent in 1913. And she has only 250,000 men unemployed. Thus France, guarding the interest of the nation as a whole rather than that of any one class, wiped out 80 per cent of the wealth of her creditors, and became prosperous. Wheat, protected by a tariff, is selling there t oday for $1.25 a bushel. It sells for 50 cents in the United States. Those who see depreciation of the dollar in terms of gold as the way out for America point to France as the shining example of what inflation will do if wisely controlled.

BICCiST SHOWinTOIVH IYBIC^ RIYNORLEHR I’lii.'t'T- ... S “ALABAMA’S RETURN” < .J -s T a i: t;Tn ' rtlS MOTHER mnsmmß 111 [BELMONT

CITY MOTORISTS CAST EYES ON LATESTMODELS Auto Show Draws Crowds Despite Frigid Blasts Over Week-End. Despite frigid weather that stalled motor cars. Indianapolis and vicinity forgot engine troubles and visited twenty-seven makes of cars stalled—not by the weather—at state fairground automobile show Sunday and today. Some were in search of new models to replace the ’29s that they were finding difficult to induce to run without going into a repair shop. Some merely looked and admired the new gadgets, the new wind-breaking lines, while others quietly dickered with salesmen for trade-ins on the “old boat.” The first two days of the auto show, considering the near-zero temperatures, pleased R. H. Losey, president of the Indianapolis Automobile Trade Association, with attendance figures. Billy Arnold, champion race driver, is one of the headlights of interest at the show as he converses with well-wishers at the Plymouth booth and assures one and all that he’ll be battling for the pole at the 1933 Speedway race. Baby racers in the booth of the American Pushmobile Association vie with Billy for interest. Machines, powered by gasoline, capable of thirty-five to forty miles an hour are on display. Movies, the Sinclair Oil Company's dinosaur, and the black decorations of the show with gold figures of elephants and slaves bowing before gods, are other features that attract attention. The show will be open daily from 10 a. m. to 10:30 p. m. through Friday. Motorists can reach the show by traveling north on Meridian street to Thirty-eighth street and thence east to the show building. Street cars on the College, Central or Illinois cars, marked “Fairground,” go to the auto show. PLAN LANDSCAPING CAMPAIGN ER CITY Beautification Drive Will Be Aid for Jobless. Citizens of Indianapolis will beautify their property as a means of relieving unemployment under a plan proposed by the park department, it was announced today by A. C. Sallee, superintendent. The beautification program will be supported by the Indianapolis Real Estate Board, florists’ organizations, landscapers, the Chamber of Commerce and various civic organizations. Plans will be completed this week in a series of conferences. Mayor Reginald H. Sullivan and Sallee will meet with representatives of organizations supporting the undertaking. The department will give free advice and will give information as to competent landscape architects, florists, planters, seed merchants, tree surgeons and others in allied trades. The department also will kee? lists of unemployed men who are j trained in landscape work.

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CfMMCT BRIDGE BY W. E. MKENNEY Secretary American Bridge League THE “forcing pass" is a convention sometimes used by second hand after an original bid by dealer. If the second bidder is vulnerable. he may consider it too dangerous to enter the bidding at that time, even though he has a hand of considerable strength. It is much safer for him to reserve his defensive bid until he learns something of the strength and distribution of the other hands.

AA-9-6 V 9-8-5 ♦ 5-4-2 *K-J-10-7 q [north] . A K-8 AlO-5-3 *6-2 <0 VQ-10- ♦ A-Q-9- w c n 4-3 6 5 H ♦ J-7-3 AA-Q-6- Dealer *9.8.4 5.2 I SOUTH | AQ-J-7-4-2 V A-K-J-7 ♦ K-10-8 A3 i

The West player in today's hand could have saved a great many points if he had employed this convention, allowing the bidding to reach the second round before he entered it. The Bidding East and West were vulnerable. North and South not vulnerable. South opened with one spade, a bid which scarcely would be justified by his holding except for the strong major suit. West held three and one-half high card tricks and a five-card biddable suit, so he felt justified in bidding two clubs. North promptly doubled and that closed the auction. The Play North selected the nine of hearts as an opening lead. The ten was played from dummy and South won with the jack, returning the queen of spades. The declarer covered and north won with the ace. He followed with the nine of spades, and when dummy did not cover, the lead was allowed to hold. His next lead was the eight of hearts, which dummy also refused to cover. North, being still in the lead, led his last spade and the declarer ruffed with the deuce of clubs. Declarer now led a small diamond to dummy’s jack and South won with the king, returning a small club. Declarer played low and North won with the ten spot. He threw the lead back with a diamond and the declarer could not avoid the loss of two more club tricks. His contract was defeated three tricks for a penalty of 900 points. If West had elected to pass, instead of bidding two clubs, he would have learned that the majority of strength was ih the North and South hands and that a defensive bid could not be made safely. However, when holding three and one-half high card tricks, he must be assured that East will not allow the hand to be played at one spade even though North is willing. In today’s hand, North held the balance of strength and a disastrous penalty resulted. (Copyright. 1933. bv NEA Service. Inc.)

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ISAAC M. ZENT, 73, CITY BANKER, DEAD Taken at Home of Mother at Vandalia, 111. Isaac M. Zent, 73, second vicepresident and treasurer of ,ne Union National Savings and Loan Association, died Saturday at the home of his mother in Vandalia. in. He had lived at the Columbia Club until shortly before Christmas, when he went to Vandalia to visit his mother. He became ill of pneumonia and apparently was recovering until a week ago, when he suffered a relapse. Mr. Zent was a member of the Masonic lodge and of the Shrine in Ft. Wayne. For quick RESULTS—A Time l ? want ad at 3 cents a word is your nest bet.

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