Indianapolis Times, Volume 44, Number 233, Indianapolis, Marion County, 7 February 1933 — Page 2

PAGE 2

PENNY AUCTION MOVE WORRIES ALL CREDITORS So Far Restricted to Chattel Mortgages, but May Be Extended. lijf Scrippn-I!otrnrd \ficapnprr Alf inner TOLEDO, O, Feb. 7—Where is thp penny auction move for farm debt cancellation leading? This question is worrying creditors of all classes as northwestern Ohio farmers unite to ex’end their practice of taking over foreclosure sales and by silent intimidation keeping the bids down to a few cents, thereby defeating the foreclosure and keeping the property in the debtor’s possession. So far the united farmers have aimed their blows only at holders of chattel mortgages, which under Ohio's personal loan laws may legally collect interest of 3 per cent a month, 36 per cent a year But the chip is on their shoulders. In union these traditional individualists have found strength and their leaders now talk of cancelling all their debts by ‘ penny auctions.” ‘Settle Things Our Way* A mortgage moratorium is not enough for them now, they say. "We asked for a moratorium two years ago and couldn’t get it,” said Ralph K. Weaver, farmer of near Fostoria, O. ‘‘Now we’ll settle things our way.” Whereas the farmers were fighting foreclosures a few months ago, they may soon be forcing them under the ‘‘penny auction” movement. When a creditor refuses to foreclose, the leaders of the debt strike say, a dummy second mortgage will be executed on the debtor's prop- j erty by one of his neighbors. Within a short time the neighbor will foreclose, the property will be sold at a penny auction, the pennies will go to the holder of the first mortgage, and the farm will be returned under a dummy lease. The movement hasn't reached that stage yet, but the leaders are talking about it and creditors are worried. "It’s illegal,” say the mortgage holders, and in at least one instance court action has been started to set aside a penny auction. Sheriffs Aid Farmers Sheriff Bruce Pratt of Wood county attended the first penny auction and prevented the crowd from manhandling a loan company j representative, but made no move to stop the sale. On the contrary, the sheriff climbed aboard a wagon, and told the 700 cheering farmers he him- ; self was ready to bid a few cents for some of the goods and return them to the debtor. The sheriff of an adjoining county refused a mortgage holder's request to call off a foreclosure sale which attracted 5,000 farmers. The same creditor was unable to get. service on a replevin suit to recover the goods before they were sold.

Want Cheaper Money Debtors in (he cities and town are listening. to invitations to join the farmers’ campaign. The farmers have had popular sentiment on their side to a great extent so long as they have concentrated their attack on small loan companies, the 3 per cent a month creditors. Their protests that this high rate of interest is unfair have not fallen on altogether deaf ears, and today there is pending in the Ohio legislature a bill to reduce the legal rate of interest to 1 per cent a month. Willi remedies for general farm conditions, the penny auction movement is not primarily concerned. ‘‘What we need is cheaper money.” one farmer said, “and if that means inflation, then let's have inflation.” The farmer's immediate objective is to rid himself of his debt burden. TAXI RATE WAR IN CITY IS POSSIBILITY Council Votes Against Minimum Fare Seek “Gentemen's Agreement.” Possibility of a return to the former taxicab rate of 15 cents for the first one and one-third miles, and 10 cents for each succeeding two-thirds of a mile appeared today. The city council Monday night voted against a proposed ordinance to place a legal minimum on taxi lares. Thomas F. Ruckelshaus, president of the Red Cab Company, declared, following the council's action, that he woulld call a meeting of representatives of the various cab firms of the city today. Object of the meeting. he said, would be to reach a •‘gentlemen’s agreement” on cab fares. Agreement with the plan was expressed by Frank D. Sisson, attorney for the Union Cab company. If no agreemnt is reached, a rate war will follow, operators of cab fleets said. SCREEN STAR IS BRIDE Josephine Dunn's Marriage to Attorney Is Revealed. B;i United Pr <. NEW YORK. Feb. 7.—The marriage of Josephine Dunn, musical comedy and screen star, to Eugene John Lewis, Philadelphia attorney, was revealed Monday. Miss Dunn was a Wampus baby star in 1929, and played opposite A1 Jolson in the “Singing Fool.” The marriage took place at Great Neck, L. I„ on Jan. 6.

1 BROTHERS . SYRUPj • “I used to be afraid to give my boy Michael medicine—because V Brothers’ Cough Syrup. Would . better after the first teaspoonful. Soon it was gone. And the L. F. Manheim, Forest Hills, L. I.

MAY HEAD BUREAU

Judge Robert Marx ("above) is being proposed for the $12.000-a----year eb as head of the United Sta / lerans' bureau, to succeed E Frank T. Fir, when the Democrats enter War.inng on. Judge Marx, wounded and decorated in the World war, was an organizer of the Disabled American Veterans. SENATE BALKS ARMY ECONOMY Limitations on Officer Pay Stricken From Bill as Made in House. II a Si riiiim-lloHrirrl .V nespaprr Alliance WASHINGTON, Feb. 7. Two limitations on the pay of active and r< tired army officers, imposed by the house, have been stricken from the war department appropriation bill just reported to tiie senate. The two amendments were designed to save some $4,000,000 covering amounts added by the house to the bill for citizens’ military training camps, the R. O. T. C. and organized reserves. The first amendment removed from the bill by the senate committee forbade payments to retired officers raising their total income above $3,000 a year. The second provided that in computing pay of both active and retired officers no service should be counted except active commissioned service. This last amendment would affect the pay of 5.064 commissioned officers, reducing them by amounts ranging from $11.46 a month to $161.00 a month, in adidtion to the 8 1-3 cut imposed by the economy act. It would fall with particular ■verity upon officers who served in ’■-e ranks of the regular army and 'on won their shoulder straps in ance. Many of them were com- ).:■ ioned in the regular army after '.a war and, under the present law. 'ceived credit for their enlisted ervice in computation of pay.

$4,000 ESTATE GIVEN TO BATTLE ON T. B. Failure to Fullfil Conditions of Will Bring Probate Court Order. Estate of Leander S. Burdick, who died in Indianapolis in 1915, leaving property valued at nearly $4,000, was given to the Marion County Tuberculosis Association today on order of Probate Judge Smiley N. Chambers. Failure to fulfill Leander’s will led the court to direct disposal of the estate as nearly as possible within terms of the will. Leander left the estate to a housekeeper. after whose death it was to be used to build a cottage for benefit of sick mothers and children at Fairview. The charity organization of Indianapolis named as beneficiary, declined the gift because it could not carry out provisions of the will. Loretta Fullen, housekeeper, died Aug. 6, 1928, leaving $3,590. This goes to the tuberculosis association on petition of the Indiana Trust Company, administrator. Albert H. Perdue, given SSOO in the will, has not been located. POSEY COUNTY ORATOR MAY BUY EAR MUFFS Combination of Weiss and Tally Clerk Likely to Force Action. Senator Jesse E. Wade, the fiery orator from Posey county, is consideiing the purchase of ear muffs. Or. perhaps, he will decide to stuff his ears with cotton. It's this way. Wade's seat is next to that occupeied by Senator Jacob Weiss of Indianapolis, and is in direct line between Weiss and the tally clerks. Weiss never was known to indulge in whispers when expressing his views or votes. When Weiss says aye or nay, he speaks in what novelists like to call stentorian tones. Wade gets the full benefit of tfiese blasts from the Marion county senator. So he is making inquiry among his friends to find out which is better or sensitive ear drums, muffs ar cotton. A lady's valuable wrist watch belonging to Mrs. Knapp was recovered through the medium of a Times Want Ad.

DOWNSTAIRS at AYRES "-’''-.'' ■' ' • <? ' ' 1

ENDURING QUALITY ★ ★ ★ CAPTIVATING FASHIONS Spring Dress Fashions laK Are Divided Into Three Definite BNH Clean-Cut Silhouette Types JUi f All of Them Are lW ff™ Sizes for | t j I fcfffi 1 Here to Choose From, Women and jjpL I IB at a Low Price! J||f —— Misses !p jl,§ jl j|| This spring. Fashion is sponsoring three distinctive silhouettes, which in many ways in- j. /M, |I SS if fluence the design of all daytime dresses. (1) A simple, mannish, broadshouldered silhouette with rather straight lines. (2) The mannish swagger silhouette usually with loose, T~*T \ \ I \j comfortable fitting jacket. (3) The decidedly feminine, rounded shoulder-cape silhouette! \ \\ \ \ \ Beautiful variations of all these types are offered in this splendid group—in styles for every I\\ V j \ If hour of the day. Choose tomorrow, while assortments are complete! J j| /'jl ii —Crinkle Crepes —Gay New Prints / Jarl i Jri I m —Rough Cantons —Print Combinations >■, —Downstairs at Ayres, Where Fashions Are Less Expensive. ma NO OTHER HOSIERY AT ANY PRICE Is Protected by This Positive HEM-GUARD ~ r ** . .. Yet It Is Just ONE of the Secrets * V'gHj sos Hosiery Satisfaction Women Are Slhitil 'Discovering in Our Fine New . . • jriHi y R y' ? ° N Substandards of * I REAL SILK Fashion's Lovely New Qg LuXC Hosiery Spring Hdts ■■ * iek Are Either Mannish or . IsLfcy-I -Sl .111 J'V’iks "UthV^e Lady-Like-But FLATTERING! ■-•MO^^CTIOW $1 .98 \i 1 Pair’" ” l The patented "Real Silk” HEM-GUARD is just a tiny little squat e reinforcement . . . almost invisible . . . hut it is constantly Hats with a mannish look, to emphasize your femin- .JfiS| °. n •• • against the devastating tears and runs that are so inity—really lady-like hats—and “inbetween” types! likely to begin where the seam joins the hem. Only REAL SILK All are here in this beautiful assortment of new spring de luxe hose offers this positive protection . . . just ONE of 7 exfashions! There are dressy sailors, sports sailors. elusive features! Indianapolis women are learning that this is the toques, turbans, berets and manipulated brims! In finest hosiery value in the world ... and they are sold only in Ayres’ every wanted spring color. —Downstairs at Ayres. j Downstairs Store in Indianapolis. - —Downstairs at Ayres. Smarter Than Ever, Are Our New Spring American Girl “Silhou-Welt” Shoes Light and Dainty As a Dancing Slipper .. . Yet if:\. Sturdy and Comfortable Asa Walking Shoe! v about these marvelous American Girl “Silhou-Welt” shoes! An exclusive method of manufacture permits styling

THE INDIANAPOLIS TIMES

FEB, 7, 1933