Indianapolis Times, Volume 44, Number 266, Indianapolis, Marion County, 17 March 1933 — Page 15

MARCH IT, 1933

FARM RELIEF IS EXPECTED IN TEN DAYS Congress Gets Roosevelt’s Plan to Raise Prices, Cut Production. (Continued From Page One) Fred Lee, th> ;r attorney; Professor Guy Tugwell, Dr. Mordecai Ezekial and others, provides for the taxing of the processing of farm products. The processing tax to be collected would equal the difference between current prices of these products and the “fair exchange value." The latter price is that which will give the commodity the same purchasing power, with respect to articles farmers buy, as during the pre-war period. Government to Collect Tax This might mean that the prices of bread, other wheat products, cotton goods, beef, pork, etc., would be increased to the extent of the fluctuating tax. The government would collect this tax. and from it pay to farmers of these basic commodities a reasonable rental for land they take out of production. In some instances, the bounty would be paid direct to producers on some other fair basis, which would result in the reduction of production. Generally, the bill gives the President, aijd the secretary of agriculture authority to put the domestic allotment plan of farm relief into effect, although in and out of the administration efforts are being marie to avoid that name. This was the plan the house approved last session, and that was reported by the senate agriculture committee to tile senate, which did not pass it. In the Roosevelt bill the plan is called the “agricultural adjustment.” Reduce Cotton Acreage The proposal also includes the cotton plan of Chairman Ellison D. Smith (Dem., S. C.> of the senate agriculture committee. Under it all government-owned cotton, about 3,000,000 bales, is to be pooled. Cotton farmers who agree to reduce their production by 30 per cent or more are given an option on an eaual amount of the pool cotton. When selling time comes the farmer can have the government pool dispose of his cotton, taking the profit, if any. This has the double purpose of getting rid of the government owned cotton and reducing this year's cotton crop. Like the house bill of last session, the new Roosevelt plan also provides for processing taxes on commodities that compete with agricultural products. CHINESE WRITES WILL ON STRIP OF TISSUE Last Testament of Merchant Is Regarded Perfectly Valid. Jill I iiilcrl Press LOS ANGELES, March 17.—Written on a small square of red tissue, such as is used to wrap sacred firecrackers, the will of the late Tom Kwai Sam, Chinese merchant, was filed for probate Thursday. According to an affidavit of translation filed with the will, the minute scramble of Chinese characters reads: “I, Tom Sam. at present 61 years old and of sound mind and body, do hereby make the following requests: To my wife, Tom Gee Shoe, I leave all my estate. I appoint her to act as executrix of this will and testament." The will, disposing of SSOO, is regarded as perfectly valid. NEW BOYS'" SHOE SHOP OPENED BY BLOCK CO. Department to Be One of Most Complete in Country. Celebrating opening of anew and enlarged boys' shoe shop, Block's department store Saturday will hold a special sale of footwear. The shop is located on the third floor, near where anew Boy Scout equipment department is nearing completion. Display counters of anew type have been installed in the shoe shop, offering a full exhibit of stocks on sale. The store is one of the 'argest- and most complete in the country, store officials said.

Enjoy the Best OATS and fit! COFFEE cookino At Popular Prices! Ask ROLLBP Your Independent Grocer A {#( for KO-WE-BA , 9&l>, Bra,ui YOUNGSTERS will enjoy the deli- § s A cious nut taste of these finer if ‘ v/ y K&' rolled oats. They’re so different! g The Hakes are larger; cook quicker m" * J and taste better. And there’s more oat goodness in each package— m 1 no dust or Hour. M o c . W Grownups will be delighted with / ®v> this deluxe coffee. It gives you § 9 f yQ ▼ If ■ ■ 1 ' : *’ >' -.I: . ,'i 1 i

Mayor Is First ‘Carpenter’ to Work on City’s 1933 Model House

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Left to Right—R. L. Mason, builder of the 1933 model home; Mayor Reginald H. Sullivan at the saw, and Leslie F. Ayres, the home's architect.

SEVERE STORMS DUE IN SPRING Violent Gales Practically Certain, Is Word From Weather Bureau. B,y Science Serriec WASHINGTON, March 17. Severe cyclonic storms, amounting at times to tornadoes like that of last Tuesday in the middle south, can be expected at this time of year, according to the United States weather bureau here. They are the result of spring atmospheric conditions; a mass of warm, moist air invading the land from the Gulf, meeting a mass of cold air moving from the west or northwest. The funnel-shaped tornado cloud forms in the upper air, and works downward, its tip eventually reaching toward the ground and occasionally touching it, with disastrous results to anything in its path. While the weather bureau frequently has advance knowledge of conditions that may cause a tornado, it pursues a policy of not giving out tornado warnings as it gives out hurricane warnings. This is because hurricanes are highly dependable disasters, whereas tornadoes are not. They frequently spend their force in the upper air, and in any case the path of a tornado if it does touch ground is so narrow and so unpredictable in location that tornado forecasts probably would do more harm by alarming people than they would do good by warning the relatively few who may affected directly. JUDGES ARE SELECTED Supreme Court Justice Will Help Decide Declamation Contest. Judge Curtis Roll of the Indiana supreme court, will be one of three judges for a young people's peace declamation contest sponsored by the church federation to be held Sunday night at the Fifty-first Street M. E. church. Winners will be awarded bronze medals and will be honored at an informal social period after the contest. Others judges wili be ProfTolbert Reavis of Butler university, and Hanson H, Anderson of the Technical high school faculty. Purdue Dean to Speak A. A. Potter, president of the American Society of Mechanical Engineers and dean of the engineering school of Purdue university, will speak on economic conditions at a joint meeting of the engineering society and the American Institute of Electrical Engineers Friday night in the Columbia Club.

Officially Opens Work on Structure Being Built at Fairground. Sawing a city budget isn’t anew wrinkle for Mayor Reginald H. Sullivan, but a board—well, that’s a carpenter’s horse of a couple of different legs. The mayor learned that Friday afternoon when he was invited to begin the official work on the 1933 model home which is being erected in the Manufacturers building at the fairground for the Indianapolis Home Show to be held April 22 to 29. Mayor Works in Earnest The mayor sawed boards through several pictures and, at last, was cajoled to go to work in earnest as he did back in the woodshed days. He put his knee on the board extended over the saw-horse and started a sweat. The 1933 model home will be modernistic in design. Co-operate in Exhibition. Organizations co-operating in the yearly exhibition are the Indianapolis Home Builders’ Association, Indianapolis Real Estate Board, Indianapolis Chamber of Commerce, Electric League of Indianapolis ana the Allied Florists of Indianapolis, Inc. Representatives of these organizations who attendee 1 , the official ceremonies Friday, were: J. Harry Miles and Lawrence G. Holmes, respectively president and executive secretary of the real estate board; J. Frank Cantwell, show director; Walter L. Stace, president Home Builders Association; Walter M. Evans, home show president; W. A. Akin, publicity committee chairman; Charles Smith, E. E. Temperley, chairman garden and flower division of the show; Harvey E. Rogers and Carl Lindemann. T. R. JR. SETS SAIL j Retiring Governor-General of Philippines Leaves for U. S. I By Uni tat Press MANILA. March 17.—Colonel and Mrs. Theodore Roosevelt Thursday | sailed for the United States by way of Macassar, Java, Singapore and Europe. Roosevelt, son of the late President, is retiring as governor-general of the Philippine islands. BOMB ATTEMPT FAILS Korean Held for Effort Against Japanese Consul’s Home. By United Press SHANGHAI. March 17.—An attempted bombing of the Japanese consul-general's home failed tonight when the bomb proved to be ; a "dud.” Police arrested a Korean , suspected of having planted the ! bomb.

THE INDIANAPOLIS TIMES

VOTE TO EXTEND $5 MINE WAGE Basic Scale for Two More Years Agreed On at Illinois Parley. By United Press HILLSBORO. 111., March 17.—A j two-year extension of a $5 basic wage scale was agreed upon Thursday night at a conference of the Illinois Coal Products Association and the Progressive Miners of j America. The argeement will be submitted j to the operators for final approval, i Fifty coal mines, employing 1,500 j men, were represented. Operators promised better working conditions in mining shafts and union representatives felt that the provision for two years’ steady work was an advantage for them. The agreement, both sides agreed, would go far in stabilizing Illinois’ turbulent coal mining industry. UNEMPLOYED KILL DEER By United Press CORVALLIS, Ore., March 17. At least there are deer in Benton county. Game wardens have ar- j rested twenty-one men in this county in the month of January for killing deer out of season. Most of them assert they are unemployed and have to eat. MUSTARD-CAMPHOR GUARANTEED TO END ACHES AND PAINS Everybody knows that mustard plasters and camphorated oil are two of the greatest pain relieving agents known to mankind. Now you can get the full strength of both of these reliable pain killers, without their blistering effects, by using SKOOT LINIMENT. Try SKOOT LINIMENT today for rheumatism, neuritis, lumbago, headache, toothache, sprains or aching feet. Guaranteed to stop pain instantly; has pleasant odor and costs but little. Sold by Hook, Haag, Walgreen and other druggists.—Advertisement.

Does Mother K now EW/ Also in this issue— ZONA Gale'S “Strong Angel,’! a power- K S' 1 t • t 1 A 16-year-old girl s probOSCAR OF THE WALDORF-Cnlinary lem, in Rose Wilder Lane’s Auce Roosevelt LoxgworthTurmoU in Washington during the fiercely ctr\t*E T “T fWICS ” contested campaign which split families as well \ • # AiwLjtf kJiCl't I'Oe as a great politiuil party, and elected Woodrow " Wilson to the Presidency. Jixu Coßlux—Easter Hats and Spring MABEL, a truck driver’s daughter in a small town, becomes the confidante of the rich girl of the town. She finds that the answer to “Mother knows best” is sometimes “yes”—sometimes “no.”

FAR-REACHING BANK SYSTEM CHANGES LOOM Cries for Reform Echo Over Country After Recent Financial Crisis. Following is the first of several dispatches outlining from authoritative sources the essentials of the vital controversv over banking reform which is developing as a result of recent experiences. BY RAYMOND CLAPPER t nited Press Staff Correspondent (Copyright. 1933. bv United Press) WASHINGTON. March 17.—Recent banking troubles have sent a cry for reform echoing across the country. The judgment of informed persons here is that far-reaching changes will be made to protect the public. Preliminary discussion, in the heat of the concern which recent events has caused, ranges over the following key points around which the banking reform fight is expected to center: 1. Bringing of all banks into a federal system subject to uniform regulation in place of the present forty-eight state systems. 2. Limited guarantee or deposit insurance. 3. Broadening of the rediscount base of the federal reserve system so that long-term paper normally may be used for obtaining cash at federal reserve banks, which until the present emergency were limited to ninety-day paper. Sharp Differences Exist 4. Provision to prevent any state executive closing down banks as was done in the recent holiday, trowing a panic drain on adjacent states. 5. Closer co-ordination of the twelve federal reserve banks into something more closely resembling ’a national bank. 6. Extension of branch banking.

pjsdfe Friday and | SB Saturday fIH One-Half Give „ Awayl Given Away! biven Away. baiy bgranT a Af *** brocaded piano No Rental Charge >rocaded piano drape. Bank Holiday Forces Us to Continue! Pianos to Loan Small Studio Uprights and Baby Grands Os course, we would prefer to sell these instruments outright even at greatly reduced prices . . . Pianos will be loaned only to those who expect to buy in the near future. We have already placed a number of new and slightly used BABY GRANDS and SMALL STUDIO UPRIGHTS in representative Indianapolis homes for an indefinite period. Now all remaining instruments will be offered for ONE-HALF CARTAGE. You use them until we need them. This is a wonderful opportunity to get your children started on the path that leads to a musical education. Also fine slightly used Electric Refrigerators. including; one GENERAL ELECTRIC. Ask for I’earson representative. SHANK FIREPROOF Warehouse Cos. 1430 North Illinois. Open Kvenings.

7. Stricter bank regulation to prevent such operations as those recently disclosed on the part of the former National City bank officials. 8. Thorough separation of commercial and investment banking. 9. Forcing of private banks, such as J. P. Morgan & Cos., to submit to the. same control as regular banks or else forbid them accepting deposits. Sharp differences exist between big city bankers and country bankers and the banking reform fight is expected to ring with their denunciation and counter denunciation. Big Banks Against Little Banks The big city bankers says the little banks have inadequate resources, are rr*' under loose state laws which permit any comer grocer to start a bank, and that the largest percentage of failures have been among small state banks. To this the champion of the country banker retorts that the big city banker has made more mistakes and costlier mistakes than the little banker, and that the country bankers’ troubles are due partly to having had stock and bond issues foisted upon them by Wall Street bankers. The coming battle is confused by many technical banking questions, but this historic emotional clash of the city and the small town, the same cleavage that raged around Jackson's fight against the bank of the United States, forms a basic dividing line. Next—Wall street and Main street draw the issue.

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AIR BUDGET IS SLASHED French Order Decrease of 12 Per Cent for 1933. PARIS. March 17.—A decrease of 12 per cent has been ordered in the 1933 French air budget over 1932. The current subsidies amount to $83,855,480. which takes care of air lines, training of civil pilots, encouragement of touring and sanitary aviation, development of aviation in

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DOES YOUR WARDROBE NEED FRESHENING? Then come and see the SPRING COATS and SPRING DRESSES at The Junior League Trading Post 1514 North Illinois St.

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general and research and construction of prototypes. Ex-West Pointers to Dine Graduates and former cadets of West Point will celebrate the 131st anniversary of the founding of the United States military academy at a dinner meeting Saturday night in the Columbia Club Speakers will be Brigadier-General George H. Jamerson and Second Lieutenant James E Beery.