Indianapolis Times, Volume 44, Number 258, Indianapolis, Marion County, 8 March 1933 — Page 3

MARCH 8, 1033-

MACHINERY IS READY FOR APPROVAL BY CONGRESS OF ROOSEVELT'S BANKING PUN Brief Resolution May Be Passed at Opening of Session Thursday Granting War-Time Powers. BY MARSHALL M NEIL Time* Staff Writer WASHINGTON, March B.—The Roosevelt program to meet the banking crisis apparently has not been revealed yet to congressional leaders who heretofore have handled such fiscal legislation. However, by placing control of congress in a comparatively few men on the Democratic side, the machinery has been fixed there to rush through whatever President Roosevelt recommends. All congress, like all the country, for that matter, is looking to the White House for leader-

ship. and is ready to co-operate. Some surmise that a brief resolution may be passed on the opening day, Thursday, giving Mr. Roosevelt extraordinary so-called war-time powers. Whether congress would adjourn quickly pending formulation of a long-time banking reform bill is unknown. Senate banking experts, however, are convinced that banking reform is overdue, and that unless remedial legislation is pushed speedily to enactment, the results will be harmful. The Glass banking reform bill, passed by the senate, but scorned by the house, may be the basis of the long-time program. Many Want Guarantee There will be an effort also to have the emergency program carry provisions for use of postal savings accounts for checking purposes. This proposal, sponsored by Senator Dill <Dcm., Wash.), is being studied by close advisers to the President, upon his orders. If the Roosevelt program, emergency or long-time, is not ready by Thursday, both houses easily might occupy themselves with organization matters until agreement on legislation is reached. Because pressure is piling up in the country for some sort of guarantee of bank deposits, congressmen are advocating this. But one banking expert there whose voice always has had weight in these matter is insisting that liquid bank assets, rather than deposits, be guaranteed, and backed by a fund created by taxing the banks themselves. Would Bring Natural Unity This would result in the longsought unified national banking system, it is explained, since such guarantee of assets could be carried on only under supervision of the federal reserve system, and it would enfold all stable banks able to meet requirements. The others outside the system probably would be suspect. In this connection, Speaker-Nom-inee Henry T. Rainey (Dem., 111.), and Chairman Henry B. Steagall (Dem., Ala.), of the house banking and currency committee predicted congress would pass some sort of guarantee bill. Neither went into details. The currency inflationist bloc in the house, incidentally, is not displeased with the outlook. Glass Stays Silent On the senate side. Carter Glass (Dem., Va.), conferred with Governor Meyer of the federal reserve board and other banking authorities, but would make no comment. The Virginian warned time and again during the last session that some such reform bill as his would have to be enacted to restore national confidence in banks, and drive out of the business the ‘'pawnshop” bankers. The senate, over Huey Long’s filibuster, passed the Glass bill, but it died in the house. It included a provision for creation of a liquidating corporation to return to depositors in closed banks tl eir money ■within weeks rather than months and yeajs as at present. Some such set-up probably will be included in the new Roosevelt program. SUFFERS ACID BURNS WHEN CAR TURNS OVER Automobile Accident Occurs When Driver Swerves to Miss Truck. Severe burns on the face from battery acid were suffered by Paul Tolan. 24, of 1127 Edison avenuo, Tuesday night, when an automobile in which he was riding overturned at Laurel street and Spann avenue. He is in city hospital. Frederick Kriemer, 26. also of the Edison avenue address, driver of the car. told police that lie swerved to avoid striking a truck. The car overturned on the sidewalk. John Coffman, 25, of 901 North Ritter avenue, driver of the truck, was not held by police. BREAKS NOSE OF BOY Man, 23, Is Given 60-Dav Jail Term for Attack on Lad, 14. Convicted of a charge of assault and battery for striking and breaking the nose of a boy Tuesday, Fred Kehl, 23, of 237 North Belle Vieu place, was fined sls and sentenced to sixty days in jail today by Municipal Judge Clifton R. Cameron. The boy. Donald Henry. 15. of 229 Hancock street, is said to have made a remark to Kehl as the latter walked into a grocery. Cameron also assessed the same penalty against Robert Deßose. 16. an employe of the Colored Orphans Home, who was convicted of assault and battery for pouring a kettle of hot water on several Negro orphan inmates as they stood near a kitchen window last week. EX-RAILROADER IS DEAD Michael Walsh, 76. Taken at port After Six Weeks' Illness. Following an illness of six weeks. Michael Walsh, 76, of Bridgeport, a native of Ireland, died Tuesday in the home of his daughter, Mrs. Timothy Feeney, in Brownsburg. Funeral services will be held in the Feeney & Feeney funeral home, 2339 North Meridian street, at 8:30 Friday and at 9 in the St. John's Catholic church. Burial will be in Holy Cross cemetery. Mr. Walsh came to this country fifty years ago and had resided in Bridgeport since. He was an employe of the Pennsylvania railroad forty-five years. He retired six years ago.

MARRIAGES IN CITY ON GAIN Cupid Takes No Holiday, and County’s Business Shows Increase. Cupid is taking no holiday because of the banking crisis, according to Frank Teague, county marriage license clerk, who today said business is increasing. Teague issued eleven licenses Monday, twelve Saturday and seven Friday, although he is operating on a strictly cash basis. "Prospective bridegrooms seem to have plenty of cash in their pockets. In fact, I've seen a few rolls of bills that reminded me of the good old days,” Teague taid. Despite the fact that this is dull season for marriages, the county clerk’s office issued more licenses during January and February than for the same months last year. During February, 186 licenses \.ere issued as against 189 for February, 1932. The January total is 185 compared with 180 last year. If scrip is issued, it, will be accepted in payment of ihe $3 license fee, Teague declared. From his conversations with couples, Teague has learned most of them had been planning and saving for marriages, and would not postpone them oecause of banking worries.

FOOD, CLOTHING TO BE POLO ADMISSION Articles to Be Used for Poor Relief hy City. Foodstuffs, clothing and old shoes will be accepted for admission to the Indianapolis-Ft. Wayne roller polo game Sunday afternoon at Tomlinson Hall, it was announced today by Gar Davis, local team manager. Decision to accept articles which can be used for poor relief w r as reached because of the banking situation and the urgent necessity for supplies at the city and county employes’ relief kitchen, w r hieh is maintained by proceeds from the polo matches, Davis said. “Because people might not have the money for purchase of tickets, we have made it possible for them to attend the game and at the same time aid our relief work,” Davis said after a conference with William E. Clauer, national president of the Roller Polo League and Democratic city chairman, and Hendricks Kenworthy. Foodstuffs must be equivalent to value of 25 cents, Davis said. The shoes and clothing will be reno/ated and repaired -before distribution. Eeach city employe will be required to purchase a $1 ticket for the next four games. MISSING CHILD HUNTED Della Condra, 16, Still Away From Home After Five Weeks of Search. Following a futile search of five weeks, Mrs. Martha Blankenship, 1026 East Georgia street, today asked help in locating her missing daughter, Della Condra, 16.

The girl disappeared early in February after being haled into juvenile court as a delinquent. Twice prior to that she had run away from home, but had been found by police. She was a pupil at School 8. The search has extended into larger cities of the state without success, and police said they can find

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Miss Condra

no clews of her whereabouts. It is beleved she may be accompanied, by a youth with whom she has been seen several times, Mrs. Blankenship said. WOMAN ENDS OWN LIFE Grief Over Death of Parents Is Blamed for Tragedy. Suffering from a nervous disorder because of grief over death of her parents last fall. Mrs. Minnie E. Bogert, 66, of 2924 North Capitol avenue, committed suicide Tuesday by inhaling gas at her home. The body was discovered by Mrs. Mary Bailey, 68, housekeeper. A fire department rescue squad applied artificial respiration without success. I. U. WORKS ON CREDIT School Goes On as Usual, is Word From President Bryan. />V Timet si„, ial BLOOMINGTON. Ind., March 8. —Rumors that a student vacation would be declared at Indiana university while the financial moratorium is on were set at rest here today by the announcement of President William Lowe Bryan to students unable to get ca-;h to pay for food, sayfng they would be credited at the university cafeteria. Dr. Bryan's statement was as follows , : "Your credit is good at the cafeteria. University goes on as usual.”

SING SONG OF SIXPENCE—NOT A DIME FROM HOME

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A miss, a missive and a musing of ‘‘Well, maybe the next letter will bring some cash,” was enacted regularly on the campus of Butler university today under the banking holiday. The miss is Janet Jerman of Greensburg. The missive is a

Students’ Interest High in U. S. Banks’ Situation Broad Ripple High School Pupils Advised to 'Make Own History Books’ from News Clippings. Seniors at Broad Ripple high school today were advised to ‘‘make their own history books’’ of the future by clipping newspaper accounts of the banking situation by K. V. Ammerman, principal of the high school. ‘‘Twenty or thirty years from now such material will be invaluable in recalling one of the most drastic crises this country ever has passed through,” Ammerman told them. ‘‘The inaugural address of President Roosevelt and the financial procedures of this country will be recalled to you most vividly by such material.”

Ammerman feels that high school students are interested vitally in the economic situation of their coun-

Interest Is Intense “Their questions in civic government classes show this,” he says. ‘These boys and girls, whom we are apt to think of as thoughtless, do some good thinking. “They show better judgment in their interest in this situation than many of us credit them. They are taking their country's situation to heart, and are co-operating with it.” Other high schools are finding the present situation food for study in civic and government classes, also. DeWitt Morgan, principal of Technical high school, says that the daily happenings in the banking centers are being discussed in classes as matters of current events. Show- Need of Leaders “No economic lesson can be taught from the situation, as yet,” Morgan said. “The present situation is too chaotic for lessons to be developed from it. The thing that we are attempting to do now is to make high school students appreciate and understand the tremendous problems of leadership in times like these.” Walter Gingery, principal of Washington high school feels that questions involved in the economic situation, are too deep for lessons to be developed from them at present. “I doubt whether any one knows well enough what the outcome of the present situation will be to plan lessons from it,” Gingery said. 1,000 SALESMEN WILL VIEW NEW CHEVROLET Dealers Hold Mass Meeting Today at Fountain Square Theater. As the feature of a mass meeting today, 1,000 dealers and salesmen will view the new Chevrolet Standard six line of cars. After a morning conference at the Fountain Square theater foi dealers and branch department chiefs, luncheon was to be held at the Claypool. The afternoon session, with display of the new cars at the theater, was to start at 1:30 Lower price is a feature of the new line. The following managers will present the sales program: A. F. Young, Flint. Mich., and staff including G. C. Campbell, sales promotion manager; R. P. Bruner, service manager; C. F. Seifert, accounting manager, and J. W. Burke, truck and body manager. PAROLE OFFICER QUITS Schuyler C. Lawrence Quits Post After 11 Years Service. With a record of having returned more than 200 parole violators to the Indiana state prison. Schuyler C Lawrence of I/ebanon has ended

eleven years of service as a prison parole officer. He was retired Wednesday. Lawrence has dealt with and disciplined paroled violators in all parts of the country after gaining experience in the prison parole office after his appointment. In his work he was asso cia t e and closely with federal autho r i t i e s

Lawrence

and police and investigated more than 400 individual cases for the prison pardon and parole board. He lives at 404 North New Jersey street, apartment 19-A. SHOT 'SETTLES’ ROW Negro Wounded in Arm as Result of Argument Over Slavery. Charles Austin, 29. Negro. 338 North West street, employe in the St. Vincent's hospital dining room, is alleged to have shot Edward Hester. 30, Negro, of 510 West Twentyfifth street, another employe, Tuesday in an argument over slavery’. Hester was wounded in the arm.

THE INDIANAPOLIS TIMES

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letter from home without the customary remittance in it and the musing of ‘‘what to do about it” is in her face. But it’s only temporary, for what's a sorority sister-for if they can't loan rouge sticks and lunch money?

CITY MAN DIES IN AUTO CRASH North Sider’s Life Snuffed Out in Tragedy Near Bloomington. Body of Robert L. Shumaker, 26. of 3917 North Capitol avenue, who was killed instantly when his automobile overturned on Road 37, two miles south of Bloomington, Tuesday night, will be brought to Indianapolis today following a coroner’s inquest. Verdict of accidental death probably will be returned, Ben Ross, Monroe county coroner, said today. The car uriven by Mr. Shumaker overturned in a ditch after colliding with a truck driven by Eugene Gore, 20, of Harrodsburg. Tracks on the road indicated the automobile had skidded seventy-five feet. Mr. Shumaker, a salesman for the Globe Creosoting Company, was returning to Indianapolis from French Lick. The body will be taken to Flanner & Buchanan funeral home. Arrangements for the funeral will await the arrival in Indianapolis of Mr. Shumaker's mother, Mrs. Carrie Shumaker, who is in Florida with another son, Celestine. They are expected to reach here Thursday. Other survivors are the widow, Mrs. Virginia Shumaker; two sisters, Mrs. Nellie Dorothy Carrington, Indianapiolis, and Mrs. Florence Recobs of Miami Beach, and three other brothers, Fred I„ William E. and Herman A. Shumaker.

INVITE LA GUARDIA AS lOWA CANDIDATE Group of Newspaper Editors Urge Him to Establish Residence. By Scripps-Hotcard Xcwspapcr Alliance WASHINGTON. March 8— Fiorello H. La Guardia, former representative from New York City, has been invited to move to lowa, to establish legal residence, and run for the United States senate. A group of newspaper editors tendered this formal invitation to the New York progressive after his recent fight for the domestic allotment bill, telling him they believed him better informed about the farm problem than many westerners. The invitation was followed by a deluge from lowa, backing it up. Representative La Guardia is appreciative, but afraid the plan won"' work out well. AUTO INJURIES FATAL Princeton Man Dies in Hospital Here; Investigation Under Way. John Wesley Eads, 59. of Princeton. died late Tuesday night in the Robert Long hospital here of injuries received when he was struck by an auto on State Road No. 50, five miles east of West Baden. According to information given hospital attaches, Eads had stopped his car to aid a motorist whose auto was stalled. As the two men were pushing the disabled car, it was struck by another approaching from behind. Investigation was being made by Dr. John E. Wyttenbach, deputy coroner. TAX WARNING ISSUED Exemption Applications Must Be Filed, Auditor Asserts. Taxpayers desiring mortgage exemptions were warned today by County Auditor Charles A. Grossart, that applications for exemption must be filed annually between March 1 and the first Monday in May. “It has been disclosed some taxpayers have the impression the application need not be filed each year,” Grossart said. Property owners are entitled to SI,OOO exemption, providing the exemption, thus given, is not more than one-half of the assessed valuation of property.

VAN NUYS AND ROBINSON FAVOR GUARANTY LAW State's Bankers and Citizens* Urge Enactment of Depositors’ Bill. By Timet Special WASHINGTON. March B.—Legislation guaranteeing bank deposits is favored by both Senators Arthur R. Robinson and Frederick Van Nuys, whose offices are flooded with letters and telegrams from Indiana bankers and citizens, urging enactment of a federal guaranty law of some form. Senator Van Nuys also has received several telegrams from Indiana bankers declaring that it is necessary to include state and private charter banks under the provisions of any banking legislation. Typical of the telegrams of this class is the one sent by Irving M. Lemaux, president of the Security Trust Company of Indianapolis, which read: Must Include AH Banks ‘‘Banking legislation, to be effective, must include all banks without distinction as to charter or affiliation. To proceed otherwise would be to annihilate half of the banks of the nation, and preclude beyond hel_> the financial reconstruction the administration has begun so courageously. ‘‘The citizens generally are praising the action of the President, and are all counting on the new congress to pass safe and sane legislation that will restore confidence.” In answer to telegrams of this type, Van Nuys today issued the following statement: “I thoroughly agree that the legislation looking to the guarantee of bank deposits and reconstruction of the banking situation must include all banks, whether national or state. The extension of federal credit on any other basis would defeat the very purpose for which the legislation is directed. Blessing Sends Wire “I shall direct my efforts toward securing such results. In conferences with various members of the senate I find their views coincide with mine. “It also is pleasing and encouraging to see the manner in which both bankers and private individuals praise the President’s courageous stand and it is indicative of the healthy tone all over the nation.’’ Edgar M. Blessing of Indianapolis, wired to Van Nuys a suggestion that secretary of the treasury William H. Woodin should issue an order declaring checks of bank receivers valid to the full amount. “It will not hurt banks, and will help the people,” wired Blessing.

ANDERSON'S SCHOOL BOARD IS REVAMPED; New Five-Member Body Is Chosen by Mayor. By United Press ANDERSON. Ind.. March B.—A new five-member Anderson school board, authorized in an emergency measure passed by the legislature, was ready to take office today immediately after signing of the act by Governor Paul V. McNutt. The new board was selected Tuesday night to replace the present three-member body against which students of Anderson high school went on strike Feb 27, following the school’s suspension by the Indiana High School Athletic Association. In striking, the students blamed Principal J. L. Thalman and Mrs. Margaret Early and Linfield Myers, board members, for irregularities which resulted in the suspension. All city schools have remained closed since March 1, under order of Mayor Harry Baldwin. The new board, concurred in by the city council after appointment by Mayor Baldwin, is composed of Victor H. Riggs, treasurer of the retiring body; Frederick L. Ray, engineer; Wade H. Free, attorney; Mrs. Arthur Beckman, ParentTeacher Association leader, and R. M. Critchfield, engineer. ELEVEN BILLS SIGNED BY GOVERNOR M’NUTT 163 Measures, Passed by Assembly, Await Him on Return From East. Governor Paul V. McNutt Tuesday night, after returning from Washington, signed eleven of the 163 bills passed by the legislature, which were awaiting his action. One hundred sixteen of the new laws previously had been deposited with the secretary of state. Remainder of the week will be spent by McNutt in passing on those awaiting his signature and aiding in the banking situaton. With the bills disposed of, the Governor will continue action on his plans for governmental reorganization. YOUNG CITY MAN DIES Walter L. Burns, 23, Is Taken at Home; Funeral Rites Set. Following an illness of two weeks. Walter L. Burns, 23, died in his home. 21 East St. Joseph street, Tuesday. He had lived here all his life. Funeral services will be held at 8:30 Thursday in the home and 9 in the SS. Peter and Paul Cathedral. Burial will be in Holy Cross cemetery. Mr. Burns attended St. Anthony’s school and Cathedral high school. He was a member of the SS. Peter and Paul Cathedral parish and the Young Democrats’ Club. TWO COUPLES ROBBED Bandit Surprises Young People in Parked Car Near Ravenswood. Surprising two couples as they sat in a parked auto on the Dandy ! trail near Ravenswood Tuesday j night, a bandit robbed the victims of $8.50 in cash and two purses, accord- ! ing to deputy sheriffs. The victims were Robert Shackle, 20, of 2146 Park avenue; Charles; Kriner, 18. of 1502 Wade street, and Frances Moore, 18, and Dorothy Glessing, 18, both of Indianapolis.

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ILLINOIS BANKS STAY CLOSED Horner Proclamation Puts Ban on Resumption Before Friday. By I'nitrd Prett CHICAGO, March B—Under a new proclamation by Governor Henry Horner, Illinois banks today remained closed at least until Friday. The Governor issued anew proclamation “harmonizing state action with national action.” When the original proclamation was issued which closed the state’s banks, no national action had been taken. Governor Horner directed “that no bank or trust company shall be open for transaction of banking or trust company business prior to March 19, 1933.” Governor Horner’s original proclamation would have expired today and would have required all banks to pay 5 per cent to depositors on demand. Rising commodity prices were expected to be checked by the banks’ extension of credit for perishable foodstuffs. Meat prices were up 20 per cent over a week ago in Chicago markets. The Chicago Livestock exchange directors rescinded their offer to closa and will remain open today.

In two hours’ fishing Sunday at Shafer lake, Earl Scharfe, 5217 Mathews street, caught only two fish, but each was a prize. He is shown holding the four and a half pound and two and a half pound small-mouth bass which he caught with live bait. He said he fished thirty minutes in vain, but then reeled in the larger of the fish.

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