Indianapolis Times, Volume 44, Number 239, Indianapolis, Marion County, 14 February 1933 — Page 14

PAGE 14

MOVE SEEN TO SCALE DOWN DEBT BORDEN Orderly Method of U. S. Aid Predicted After Baruch Tells Plan. BY RAY TUCKER Time* Staff Writer WASHINGTON, Feb. 14,—An orderly method of federal aid in scaling down the burden of debt resting on business, industry, agriculture and individuals may be advanced by the Roosevelt adm nistration along lines already framed in the La Guardia bankruptcy bill. This was the belief here today as a result of severai remedies for the depression presented to the senate finance committee by Bernard M. Baruch, New York financier, who has conferred frequently with Pres-ident-Elect Franklin D. Roosevelt, and is mentioned for a cabinet post. Baruch suggested a detailed plan for creation of a government corporation to reduce farm mortgages by 40 per cent, and said he hoped to frame a pregram under which “the government would support the value of reorganized and scaled-down securities.” Criticising the R. F. C. policy of “advancing money to pay interest and principal on private debts of a doubtful nature as postponement and frustration of economic cure,” the New York man said: "After debts and capital structures are scaled down to a realistic basis I think the government could aid, not by itself assuming direct liability, and not on any plan tnat requires it to raise money, but by assuming only a contingent liability in guarantees of interest to support the value of reorganized and scaled-down securities ” Under his farm mort ge plan the government corporation would issue 3 per cent tax-exempt bonds, guaranteeing the interest. It then would ofTcr to exchange these bonds at not to exceed 60 per cent of the mortgage value, and for less, if passible. Preserve Federal Credit The mortgages then would be refinanced on a basis of 3'i interest plus a graduated amortization charge ranging from >, of 1 per cent the first year to 2 per cent in the fifth year. Baruch and C. C. Teague of California, the other witness at the opening session, declared preservation of federal credit and restoration of farm buying power were the first steps to end the depression. Each urged budget-balancing by all the nations, and insisted on drastic economies in government. Baruch declared the government’s first responsibility was to prevent human suffering, adding that sound federal credit would facilitate the sale of bonds for this purpose, if necessary. When asked where his proposed savings of $800,000,000 should be made he suggested the army, navy and veterans’ bureau. Criticises Allotment Plan Committee members agreed $400,000,000 could be saved in the veterans’ costs alone, but added that it would not be. Criticizing the domestic allotment plan now before the senate, Baruch proposed that the government pay about $3 an acre to lease land which farmers agree to withdraw from production. Teague presented a similar plan, and the two estimated the cost at $2,000,000 annually. Legalization of beer and prohibition repeal were demanded by Baruch in order to rid the country of those “evils” and obtain new revenue. He warned against inflation either through printing flat money or cutting down the gold content of the dollar.

‘‘More than twenty persons desired to purchase my stove from a Times ad,'’ says Lane Robertson, 2349 North Delaware.

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1. No. The evidence is inconclusive, often prejudiced, even fantastic. Merely citing achievements made by this race or that proves nothing, since these may have been due to climate, trade routes, some invention or the teachings of a few leaders and prophets. These races probably do have innate differences of ability and lIOW TO MARE PEOPLE LIKE VOU A distinguished psychologist has created a method by which you can analyze yourself. It will indicate desirable changes in your social habits which should be very helpful in Increasing veur popularity with others. This information is yours upon request accompanied by a self-addressed stamped envelope. Write Dr. Albert E. Wiggam in care of this newspaper. Just ask for “Popularity.” temperament, but neither actual measurements nor historic achievements have given sufficient proof that any one of them possesses a natural superiority of intel.igence or character. 2. I get this question every day from wives never from hus-

Dr. Wiffnam will be glad to answer questions dealing with problems of conduct, morals, beliefs, husband and wife, parent and child—any question in the field of human relationships. Questions of general interest will be answered in this department. If personal reply is desired enclose stamped, C?c> self-addressed envelope. Address Dr. Wiggam in care of The Indianapolis Times.

PLEADS NOT GUILTY IN SHOOTING OF GIRL New Point Man Repudiates Alleged Confession. It II United Press RUSHVILLE, Ind., Feb. 14.—Roscoe Beagle. 26. New Point, charged with assault and battery with intent to kill in connection with the shooting last December of Mary Ellen Cooper, Clarksburg, Hanover College student, pleaded not guilty Monday when arraigned in Rush circuit court. Beagle’s court plea repudiated a confession which local police said they obtained while Bt agle was in a hospital receiving treatment for bullet wounds suffered the night the girl was shot. Beagle admitted shooting * Miss Cooper at a Milroy dance hall because she spurned his attentions, police said. He denied his own wounds were self-inflicted, but charged he was shot by a third person after wounding Miss Cooper.

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bands. It is a thing that in a well-regulated marriage never should arise. No man who has taken a woman with whom to build a life and home has any right to keep her ! in anxiety, either as to his habits or company, or deny her natural | desire to know' where he is in case something should happen to i either one. \ This does not interfere unnecesi sarily w'ith his freedom or having,, a jolly evening occasionally j with his men friends. 3. Yes, on the average. Professors Ellsw'orth Huntington of Yale, and Leon Whitney, in their study of “The Builders of America” found successful men averaged, about two and a half years earlier in marriage than the less successful. They comment that this is “an indication that men who are physically, mentally, and morally sound and vigorous are not only mere eager to marry than the opposite types, but are more attractive to women and more likely to be w'ell-established in their life work, and hence able to support children and wife at an early age.” There also is other I evidence.

Columbia U. Man to Speak Clayton Hamilton, dramatic professor at Columbia university, will lecture at 12 Saturday at English’s on “Caponsacchi” and “Hamlet.” Hamilton will be guest of honor at a dinner at 7 Sunday at the SpinksArms.

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THE INDIANAPOLIS TIMES

FIGHT IN COURT OVER MARRIAGE OF RICHINDIAN Jackson Barnett Tends His Ponies While Wife and Attorneys Argue. BY ALANSON EDWARDS United Press Staff Correspondent LOS ANGELES, Feb. 14.—Jackson Barnett, 91-year-old Indian, whose life is one “Ugh!” after another, placidly tended his pinto ponies today while government lawyers tried to make him a multimillionaire bachelor. If the lawyers succeed, Barnett's marriage to Anna Laura Lowe Barnett, his paleface squaw, will be annulled. and his Oklahoma oil millions will be all his—and the government's. More than that, if the energetic Mrs. Barnett loses her contest with the white man’s law she wlil have to return a $550,000 gift the Indian made to her several years ago. Relatives Are Interested By her courtroom outbursts, as virile as her husband's grunts are J noncommittal, she indicated she has not the slightest intention of voluntarily giving back the trust fund. Barnett has a host of relatives in the Creek nation. They stand a chance to inherit his oil millions if the United States makes good on charges that Mrs. Barnett in effect “kidnaped” the elderly brave and domineered him into a wedding. Eleven of Barnett’s tribal brothers were to have their day in court today when lawyers read depositions supporting the government’s suit. One deposition, that of Nellie Barnett, daughter of Barnett’s half brother, Dcvid Barnett, indicated her uncle’s love of pintos may have been his downfall. He Tends His Ponies “My father told me Jackson fell off a horse when he was a boy and hurt his head,” Nellie’s statement read. “He came often to our house before his marriage,” she added. “But h ewould just sit around and never say anything. If you said ’How are you, Jack?’ he 'would answer ‘How are you Jack?’ Just like a parrot.’* If the paleface lawyers hoped this attack would arouse Barnett they were doomed to disappointment. He was so little interested in what other Creeks thought of him, or the possibility of returning to bachelorhood, that he got the judge's permission to stay away from court. While the Indians are telling all about Barnett, he will be out in Coldwater canyon watching his pintos.

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AOTO INJURIES FATAL TO MAN

Driver Held Blameless for Accident: Hit-and-Run Motorist Hunted. Injuries incurred last Wednesday when he fell against a moving auto at Capitol avenue and North street, caused death today at city hospital of George Young. 52, Negro, Millersville. He suffered a skull fracture. The death raised traffic toll in Marion county to fifteen since the first of the year. Young fell against a car driven by Isaac "J n Marks, 52 of 4339 North I Ilinois street, who was held blameless by police. The body is being held in city morgue while search was being made for relatives. Police today sought the driver of a sedan which Monday night struck Horace Lyoneback, 61, of 1617 Bellefontaine street, Methodist hospital employe, at Sixteenth and Meridian streets. Lyoneback was knocked to the

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pavement, incurring severe scalp wounds. Witnesses carried him to the hospital, where he was given treatment and was taken to his home. Charges of drunkenness and driving while drunk were placed against Reggi Minor. 23. of 2040 Parker avenue. after police claimed they found a small quantity of liquor in the car following another accident at Sixteenth and Meridian streets. This occurred several hours before Lyoneback was struck. Thomas Goddar. 3703 Brookside parkway, passenger in the car with Minor, was charged with drunkenness and blind tiger. Use Times Want Ads for Results at the lowest possible cost.

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."FEB. 14, 1933

Motorist Is Fatally Hurt ♦ Bp I nltrri Prrm FT. WAYNE, Ind., Feb. 14— On man was killed and another injured when their automobile struck an iron lamp post here late Monday. Dewey Fisher, 30. driver of the car, was killed almost instantly. Edward A. Chapman was in a serious condition in a hospital here today.

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