Indianapolis Times, Volume 44, Number 271, Indianapolis, Marion County, 23 March 1933 — Page 1

JONES KILLER SUSPECTS ARE GRILLED HERE Five Men Returned to City Are Held Incommuicado by Detectives. ATTORNEYS TO COURT Interview Order Is Sought by Lawyers for Alleged Murder Gang. Legal complications held the spotlight in the Sergeant Lester 1 Jones slaying case today as counsel sought an interview with the five suspects of the machine gun mur-, der who are held incommunicado by Indianapolis police. The men, returned to Indianapolis from Covington, Ky., late Wednesday night, faced questioning by detectives throughout the morning. They were viewed by the entire department after being brought, carefully guarded, from their separate | cells in the county jail, to head-! quarters. Ira Holmes and his son, Horace, j attorneys, brought forward the first! move of the defense when they at- | tempted to see the suspects, first at j the jail, and later at headquarters.! Refused permission to talk with j them, Ila Holmes is seeking Crim- j inal Judge Frank P. Baker in an! attempt to obtain an order permit- j ting the interview. Retained by Attorneys Arraignment of four of the five is : expected to be held in Baker’s court within a. few days. They are,charged with commission of murder during a robbery. Holmes said he was retained as defense counsel by Covington attorneys, who represented the men after their arrest there Monday. He said he did not know what j court action he may take if refused: an interview order by Baker. The prisoners are George Schwartz, said to be a former Chi-! cago gangster; A1 Thompson, Edward Miller, Fred Adams, and Wil- j liam Mason. Suffering from a bul- J let wound, Mason is held in the city hospital. Accused of New Robberies A sixth suspect, Mary Phillips, 21, was released on her own recognizance at Covington, with consent of Indianapolis police. Evidence that the suspected men participated in holdups other than the one attempted at the People’s Motor Coach garage where Sergeant Lester E. Jones fell a victim of machine gun fire, continues to pile up. Latest of the holdups credited to at least some members of the gang is that of the office of the Public Service Company of Indiana at Terre Haute, where $2,000 in cash and a like amount in checks was obtained March 11. Others are three robberies here, that of the Thirtieth Street garage; the Capitol Dairy Company office and the office of F. Hifeemeier & Brothers, packing company. Indentified by Garage Man Four men participated in the robbery at Terre Haute. Four employes of the company, offices of which is in the heart of the city, after viewing photographs of the men held here, expressed a belief that Thompson was the man who stood near the front serving as a lookout. He carried a sawed-off shotgun, while his companions were r.rmrd 'nth revolvers. Two of the employes believe Edward Miller was a member of the gang, while one could not identify any of the pictures as those of men who committed the robbery. Stanley Myers, employe of the Thirtieth street garage, picked from the photograpns one man he believes took part in the holdup Nov. 20 last, when two automobiles were stolen, one of which, used in the flight after the Jones slaying, has been identified as stolen from the garage. The automobile, property of w. A Courtright, 3111 North Meridian street, was found in possession of the suspected men when they were arrested at Covington. t'nder Heavy Guard Schwartz has been partially identified as one of the rnen who took part in the Hilgemeier robbery. Removal of the prisoners from Covington to Indianapolis was accomplished much sooner than local officers had expected. They had believed nothing could be done before today, when the suspects were to have been given a hearing in Kenton county court at Covington on fugitive charges. However, Governor Ruby LafToon of Kentucky honored extradition papers Wednesday and, Jate in the afternoon, a police motor cavalcade left for Covington, under command of Chief Mike Morrissey, and including a city hospital ambulance for the return of Mason. Handcuffed and under heavy guard, the prisoners were transferred to the police cars from the Kenton county jail. Precautions against an escape and an attack were taken, armed officers being stationed at either end of an alley at the rear of the jail. Snow covered roads prevented a speedy return trip, and it required five hours. Three is usually enough. The party arrived here a few minutes before midnight. Schwartz is said to have left Chicago immediately after the St, Valentine slaying of seven members of the “Bugs" Moran gang. 300 Plead for Clemency Three hundred petitions for clemency for prisoners in Indiana penal institutions will be considered at the first meeting of the new pardon and parole board, beginning April 25. it was announced today by Wayne Coy, board secretary.

The Indianapolis Times Partly cloudy tonight; lowest temperature about 29; Friday fair, with slowly rising temperature.

VOLUME 44—NUMBER 271

Flood Takes Heavy Toll at Cincinnati

With hundreds of homes and business places inundated, Cincinnati has been fighting its w'orst flood nee 1927. This air view' shows a small section of a residence district w'here great damage w'as done as ie Ohio river reached a flood stage of sixty-five feet.

Beer for Indiana April 7, McNutt's Pledge to State Cut Out Red Tape, Is Governor’s Order to Paul Fry, Who Predicted Delay Until June 1. “Some legal beer will be on sale in Indiana on April 7.” This was the pledge of Governor Paul V. McNutt today as he ordered Paul Fry, state excise director, to speed up the beer permit plans.

Fry had announced Wednesday that, in Indiana, it might be impossible to sell beer before June 1, since state control machinery w’ould not be in operation. Fry’s latest liquor control move was a telegram today to Colonel F., C. Yellowley, federal prohibition administrator at Chicago, asking Yellow'ley to prohibit further importation of whisky into Indiana. Temporary Whisky Curb This curb, Fry explained, is temporary and intended only to stop shipments until the state’s licensing machinery is effective. Fry told Yellowley the state is not ready yet lor whisky and will not be until next week. In addition to the wholesale and retail licenses necessary to handle medicinal w’hisky, the dealer is required to buy a purchasing permit. These permits are in triplicate form, one being approved and retained by the excise director, one retained by the dealer and the third kept at the distillery from which whisky is purchased. McNutt pointed out that Indiana w'as the first state to enact beer control legislation and he saw' no reason to delay on technicalities or red tape surrounding permit issuance. Wets Are Relieved “We will be ready to retail some beer in this state the first day it is authorized, and wall increase outlets rapidly from that date,” McNutt declared. It was indicated that some temporary arrangement for emergency permits will be resorted to if legal forms and formal permits are not ready on April 7. Wets, W’ho feared further drought, today felt relieved with this new's from the chief executive, following the delay predicted by the “beer czar.” CONFIRM BINGHAM * JOB Senate Votes Approval of Kentuckian as Ambassador to Britain. By l. nited Press WASHINGTON, March 23.—The senate Wednesday confirmed the nomination of Robert Worth Bingham, Kentucky publisher, as United States ambassador to Great Britain.

Labor Secretary Defends sl-a-Day Job Relief Plan

BY LYLE C WILSON l nitfd Tress Stiff Correspondent WASHINGTON. March 23.—Labor Secretary Frances Perkins, first woman member of an American cabinet, today defended the Roosevelt sl-a-day reforestation program against implications that it would create open air “sweatshops." Secretary Perkins appeared before a Joint congressional committee considering the bill to recruit 250.000 jobless men for work in the woods. Miss Perkins told Senator Hugo Black (Dem., Ala.L that she was in favor of his 30-hour week bill and believed the government should use all its influence to maintain satisfactory wages and standards of living. Today's appearance was Miss Perkins’ first before a congressional committee. Before Miss Perkins testified, the committee heard R Y. Stuart, chief of the United States forest service, propose that the civilian unemployment army be permitted to work on private as well as national forests. House Majority Leader Byms said after conferring with Chairman Walsh and Connery of the senate and house labor committees that he saw no hope of obtaining action on the President's unemployment relief plan until “Monday at the earliest." 4

CITY THEATERS TO STAY OPEN Reach Truce in Wage Dispute; Union’s National Head on Way Here. Under a truce in operation today, local theaters will remain open at least another week while owners and union employes conduct further negotiations in their wage dispute. Decision to remain open w'as reached late Wednesday. International union officials will come to Indianapolis next w'eek to take part in conferences, at the invitation of Mayor Reginald H. Sullivan, w'ho was in telephone communication with union headquarters. In Cleveland, w'here theaters have been closed for more than two w'eeks, a similar plan is being follow’ed. The union officials will attend meetings in New York w’ith Cleveland owners before coming to Indianapolis. Two long distance telephone conversations and a telegram arranged for the time extension beyond tonight, w'hich previously had been set as the time for closing the theaters. The telegram w'as sent by Sullivan to William C. Elliott, international president, pointing out failure of previous negotiations and suggesting the visit of the leaders. Elliott later called Sullivan and agreed to assist in the conferences if the theaters w'ould continue operation during the time. This assurance was telephoned to union headquarters by Sullivan after a hurried meeting w'ith the local owners. Two other attempts by public officials to forestall the closing had failed. Last week Sullivan held a meeting with the disputants and Wednesday Governor Paul V. McNutt called ow’ners and employes to his office for a conference.

Connery asked Miss Perkins whether private employers would not “seize upon the $1 a day standard to reduce private pay rolls.” “Don’t think so, sir, because it doesn't make sense,” Miss Perkins replied, explaining that reduction cf wage levels to one dollar a day would "destroy the national purchasing power in a few weeks.”

Millions of Gallons of Brew Flow Toward Consumer

Bt Vnited Fir** MILLIONS of gallons of beer were flowing through chilled pipes toward kegs and bottles today, in the greatest brewing activity in fifteen years. Brewmasters in America's greatest brewing centers. New York. Chicago. Milwaukee, and St, Louis, recalled thousands of workers to once famous plants, reburbished with bright copper and new wooden vats. The New Y’ork. Chicago and Philadelphia offices of the federal industrial alcohol division were receiving formal applications for licenses to manufacture “three two" beverages. Dry organizations, watching the

INDIANAPOLIS, THURSDAY, MARCH 23, 1933

STATE FLOODS ARE RECEDING Only ‘Pocket’ District Now in Danger: Ohio Crest at Evansville Due Soon. Except for the “pocket’ area of Indiana, the extreme southwestern portion of the state, the flood situation w’as improved greatly today and continued fall of water elsewhere is expected as the forecast for the next twenty-four hours is a temperature about three degrees below freezing, with no rain. The Wabash river is falling at points below’ Terre Haute. There is little change in the west fork of White river, a gain of only .4 of a foot having been recorded since Wednesday. How’ever, the east fork is rising, a gain of 2.7 feet since Wednesday having been recorded at Shoals w’here a rise of another foot is expected. Crest of the flood in the “pocket” section around Evansville, with the Ohio river contributing most of the w’ater, is expected within the next two days. However, it is not believed conditions w’ill be much worse than prevailed in December and January. Warnings have been sent to all lowland residents of the section. Twen-ty-five families abandoned their homes Wednesday. At New Albany, where the Ohio river flood caused heavy damage, 325 homeless families are receiving aid. Upper Ohio Falling By I'niled Press MARIETTA. 0., March 23.—New flood danger throughout the Ohio valley is past, according to an announcement today by United States W’eather bureau officials. The announcement followed a report that the Ohio and all its main tributaries w’ere falling at 10:30 a. m. from Franklin, Pa., to Cincinnati. Precipitation w’as slight and cold weather prevailed over the entire area. ruth~ Judd’s'husband GOES ON STAND AGAIN Convinced Murderess Is Unsound Mentally, He Asserts. By T'nitrd Press PHOENIX. Ariz., March 23.—Dr. William C. Judd was to resume the witness stand today to continue his plea for the life of his condemned wife. The hearing of the Arizona board of pardons and paroles, at which evidence is being presented on Winnie Ruth Judd's application for a commutation of sentence, w’as to be completed today. Dr. Judd Wednesday night declared he w’as convinced his wife unsound mentally.

Bright Spots

By United Press Youngstown Pressed Steel Company resumes operations and recalls 500 workers. New’ York Central railroad reports revenue freight loadings last week were 30,527 cars, against 29,771 cars in previous week. Brooklyn Borough Gas Company declares extra participating dividend of 50 cents a share and usual extra of 6 1 * cents a share.

activity, promised an appeal to the federal courts as soon as the first bottle of the new beer is put on the market, o:\ constitutional grounds. A force of 660 federal inspectors was being dispatched to the various breweries to inspect the completed product and vouch for its alcoholic content. Another forge, under the prohibition department, was tightening traffic lines into present “dry” states w’here beer is forbidden to flow. am* WHEAT rose briskly on the Chicago market, because of the expected demand for beermaking cereals.

HOOVER’S DEPARTMENT OF JUSTICE

UNDER FIRE; ASK CONGRESS PROBE

M’NUTT BOARD ASKS CUT IN PHONE RATES Brandish Slasti Order Club in Effort to Force Voluntary Drop. CONFERENCES ARE HELD ‘New Deal’ Commission and Bell Chiefs to Meet Next Week. BY DANIEL M. KIDNEY Times Staff Writer Indiana Bell Te.ephone Company officials will be asked to reduce rates and toll charges in Indianapolis and major state cities or face reduction orders by the public service commission, it was learned today. The invitation for “voluntary” lowered rates will be extended to Bell officials at a conference with commissioners next week. This will be the second step in the “new deal” of the McNutt public service commission for general rate reductions on all classes of utilities. Members of the commission will be backed in their program, even if appeal is taken to the courts by the utilities. For, under the new law, a “public counselor” is provided. Conferences Already Held Governor Paul V. McNutt named Sherman Minton to the post and appointed Herbert Kenney as his assistant. Both are leading lights of the bar in southern Indiana. Minton already has held conferences with Bernard G. Halstead, attorney for the phone company. First step in the rate reduction program was taken earlier in the week when Chairman Perry McCart of the commission asked John N. Shannahan, Indiana head of the former Insult properties, to bring in reduced rate schedules for electricity and gas next Tuesday. If the “voluntary” reductions are not sufficient, the commission will insist on further cuts, it was asserted. Exorbitant, Is Charge Telephone rates have remained ! immune throughout the depression period. Mishiwaka and South Bend city j councilmen acted this week to secure reductions through the com- ; mission. The Mishawaka petition against I the Indiana Bell was filed with the j commission Wednesday afternoon 5 by Vernon Freed, city attorney, and Mayor Mason L. Petro. The petition charges that Bell ! rates are “exorbitant, unreasonable | and excessive.” CITY’S GOLF PAYMENTS GO ON DEFERRED PLAN Park Board Agrees to Sell Season Tickets on Installments. The city's golf business went on j the delayed payment plan today j when park board members agreed to accept installments for purchase of season tickets to four local courses. With season memberships at South Grove, Riverside and Pleasant Run costing sls, it was agreed, ! starting May 1, to permit payment in three $5 installments. The payj ments must be paid the first of each ! consecutive month or the memberj ship will be void. At Coffin, where the cost is S3O, the same plan will be followed on a $lO-a-month basis. Holders of season tickets in any I course can play on other municipal j courses at half rate. Golf professional appointments i announced by the board are: Riverside. Russell Stonehouse; South Grove, Harry Schopp; Coffin, Ralph t Stonehouse; Sarah Shank, Clayton 1 Schultz; Pleasant Run, Charles Higgs and John Vaughn. Golf j lockers were reduced from $3 to $2 a year. George H. Owen was named Ellenberger part custodian. Hourly Temperatures 6a. m 29 10 a, m 30 7a. m 29 11 a. m 29 Ba. m 29 12 (noon).. 29 ( 9a. m 29 Ip. m 30

/ In Chicago, advertising agenj cies, already accepting schedules | for advertisements to be published after April 7, predicted the brewers will spend from 515.000.000 to $20,000,000 in the columns of daily newspapers. Railroads, anticipating a heavier freight traffic, hoped to establish new and attractive rates on beer shipments. A group of southwesti ern railroads joined m asking for reduced freight tariffs on -ale, ! beer, porter and stout.” j Double shifts will be established at the Jacob Ruppert breweries New York, at wages "much higher 1 thar. in the pre-Volstead era."

Hitler Demands Revision of Germany's Debts and War on Internal Foes Ruthless Extermination of Enemies Is Urged on Reichstag; Promises Relentless Campaign Communism. (Anti-Jewish reign of terror in Germany charged. Story on Page One, Section Two.) BY ERIC KEYSER United Press Staff Correspondent BERLIN, March 23, —Chancellor Adolf Hitler today demanded revision of Germany’s foreign debts, explaining that otherwise the nation could not lift the existing currency restrictions. Addressing the reichstag, which convened to act on legislation giving him almost supreme dictatorial power, he promised “ruthless extermination” of internal enemies and indicated that no present attempt to restore the German monarchy would be permitted.

He also demanded Germany’s place in the sun as the price of international co-oper-ation. Hitler praised the four-power peace agreement proposed by Premier Benito Mussolini as a “broadminded attempt to assure the peaceful development of Europe.” He thanked Italy for understanding Germany’s national rebirth. He added that he would seek a compromise with other powers with which difficulties existed, but on condition that an agreement be reached ending the distinction between victors and vanquished in the World war. Hitler said Germany w’ished to maintain friendly relations with Soviet Russia, but that the fight against Communism is Germany’s own affair, with which foreigners could not meddle. The uprooting of Communism W’ould proceed ruthlessly, he continued, adding that other countries should realize the great service Germany is performing on behalf of Europe as w’ell as of herself. Dealing with unemployment, he mentioned compulsory labor service ( Turn to Page Three) BRIDGE DEATH PROBEPRESSED Case Returned to City Detectives; Coroner Wants ‘Further Details.’ The Taylor “bridge party death case” today was turned over to detectives for further inquiry, Dr. William E. Arbuckle, Marion county coroner, expressing himself as being “dissatisfied” with explanations given him and Dr. John E. Wyttenbach, deputy coroner. Von D. Taylor, 923 Leland avenue, was found dying in the street in front of his home early Sunday morning after a bridge game Saturday night, at which he is alleged to have taken several drinks. He died Sunday night at city hospital from a fractured skull, without regaining consciousness. After several days spent in questioning the widow and Mr. and Mrs. Ralph Smock, 517 North DeQincy street, participants in the bridge game, Wyttenbach was unable to accept the theory that Taylor’s skull fracture was due to a fall.

Roosevelt's Farm Bill Up to Senate; Passed by House

By Scripps-Haward Newspaper Alliance WASHINGTON, March 23.—The nation’s first broad social experiment with the farming industry to raise its prices as the basis for economic rehabilitation was before the United States senate today. President Roosevelt wants power to deal with the farm problem scientifically and experimentally. The house passed the Roosevelt bill, 315 to 98, without amendment of consequence; but the senate's rules for unlimited debate may result in changes after its agricultural committee reports the measure out. That there will be delay in this

latter action is indicated by opponents’ demands for open hearings, and the proposal of Chairman

nPHE probable price to the con- -*■ sumer in Chicago, St. Louis and Milwaukee was set at 5 cents an eight-ounce glass, 10 cents a bottle, and $1.20 a case of twelve bottles, and sold through grocery stores. The Pilsner plant in Cleveland began making 3.2 per cent beer today, and will increase its capacity to 200,000 barrels a year. Other Cleveland brewers will open their plants Monday. British and German brewers, anticipating a brisk trade with America, were increasing their production of 10 per cent ale and beer, planning to reduce the content to the requirements

Entered as Second Class Matter at Post off ice. Indianapolis

DEATH PROBERS SEEKING WOMAN Name of Evans’ ‘Girl Friend’ May Be Bared Soon, Says Coroner. Name of the “other woman” In the Evans murder-suicide case may be revealed Friday or Saturday with Dr. William E. Arbuckle, county coroner, preparing to subpena Dorothy Hill, the Evans’ Negro maid, for questioning. Dr. Arbuckle did not indicate what course his inquiry would take, but the maid is known to have given Paul Rochford, attorney for Mrs. Ellen Evans, information to be used in the divorce suit the slain woman had filed. The divorce action, and the resultant SSO a month support order by Circuit Judge Earl Cox, is believed by authorities to have been the climax to thirty-two years of marital discord between the elderly carpenter-contractor and his wife and led him to kill her and dismember her body.

Dr. Arbuckle also intends to question Mrs. Mayme Beck, sister of the slain woman, early next week. She has been on the verge of a collapse since she learned Charles D. Evans had slain her sister and killed himself when his crime was discovered by Cincinnati police. Evans killed his wife at their home here at 1321 Congress avenue, but transported the dismembered parts to Cincinnati where a query about his 1932 license plates proved his undoing.

Getting in Trim for Easter Togs First of a timely series of twelve daily articles on simple reducing exercises and dietry measures to eliminate, superfluous fat and help women look their best in Easter raiment, appears today on The Times Woman’s Page. Written by Jac Auer, eminent body culture expert of New York, and illustrated, these twelve articles will give you a thorough course in set-ting-up exercises to improve your looks and health.

Smith (Dem., S. C.) to “simplify” the proposal by amendment. Thus far, the administration apparently has not exerted its powerful pressure on the senate to kill efforts to tamper with the bill. If too much delay is involved in the hearings, or blocs form to seriously amend the bill, this pressure undoubtedly will be exerted. The Roosevelt measure, drawn by competent economists, is intended to reduce the production of basic farm commodities, increase their prices, and thus raise the level of prices for all agricultural products. It aims to do this by agreements between the government and farmers for the latter to reduce production or reduce acreage.

after the product reaches the United States. Beer of less alcoholic content deteriorates in a sea voyage. b a a TJREWERY securities rose in ■*-* European stock markets. States where sale of the beverage will be legal were rushing to complete legislation providing for regulation of the business. Dr. Amos W. Woodcock, national prohibition director, started on a tour of the beer centers, convinced that "the big brewers will give us no trouble, since they would have so much to lo6e by violating the 3.2 per cent measure. ’’

HOME EDITION PRICE TWO CENTS Outside Marion County, 3 Cents

Delay in Prosecution of Banker Harriman Brings Demand for Action. EXPECT OPEN HEARINGS Suspension of Case Against Financier on Orders of ‘Higherups’ Assailed. (Copyricht. 1933. by Scripps-Howard Newspaper Alliance) WASHINGTON, March 23. —Congressional investigation of the department of justice in the Hoover administration was demanded today by leading members of congress. The demands followed a statement by United States Attorney George Z. Medalie in New York that he delayed for three months prosecution of Joseph W. Harriman, former president of the closed Harriman National Bank and Trust Company, on orders of the justice department. This action, Medalie said, urgently was requested last December by the United States comptroller of the currency and the New' York clearing house, to allow time to reorganize the bank. The bank was not reorganized and Harriman has been charged with falsifying accounts. Checkup to Be Made "Investigation of the Harriman bank collapse probably will be made by the senate banking and currency committee as a result of Federal Attorney Medalie's statement,” said Chairman Duncan U. Fletcher of the committee. “It is an extraordinary’ situation.” Fletcher revealed that he has forwarded material on the Harriman bank to Ferdinand Pecora, special counsel for the committee’s stock market and banking investigation, now in New York, for a checkup. He indicated it was likely that this situation would bring the Harriman situation into the inquiry, open hearings on which are expected to resume soon. No White House Comment Senators E. P. Costigan, <Dem., Colo.) w’ho also is a member of the banking committee; George W. Norris (Rep., Neb.); C. C. Hill <Dem., Wash.); B. K. Wheeler (Dem., Mont.), who directed the senate investigation of Harry Daugherty’s administration of the same department; H. T. Bone (Dem., Wash.), and Sam G. Bratton (Dem., N. M.)’ and Representatives West, Sweeney, and Lamneck of Ohio, all expressed a desire for further light on the Harriman disclosures. Acting Comptroller of Currency F. G. Await, who has been head of the office since the retirement of Comptroller Pole last September, refused to comment on the Medalie’ statement or anything concerned with the Harriman bank. White House and justice department officials likewise declined to comment. William D. Mitchell, attornevgeneral until March 4, could not be located today. ‘Astounding Revelation* Senator Costigan, whose resolution continued the senate banking inquiry into the new congress, said: ‘Reports that the department of justice under President Hoover suspended the Harriman prosecution is one of the latest of Washington's astounding revelations for which, apparently, the country must thank the Roosevelt administration. “The situation should not be passed without further and full inquiry. The judiciary committee, the banking committee, or a select committee of the senate, should be directed to call on the department of justice for a disclosure of the underlying facts, so far as knowm or discoverable, from official files. “The country also should be advised whether other grave cases of law-breaking similarly have enjoyed the special privilege of temporary or permanent immunity.” Norris Assails Tactics Senator Norris, former chairman of the judiciary committee, said: “On the face of it, as reported to me, it seems an indefensible thing. I can see where there might be some dissent, but it ought to be looked into.” Senator Bratton said: “It is inconceivable to me that the department of justice, which is charged with enforcing justice, could have 1 lent itself to such a thing. I hardly | can believe it.” Senator Wheeler said that not l only should responsibility for the delay be established, but that vigorous investigation should be made j into report of any irregularities of bankers under suspicion. Favor Big Depositors | By l nited Press WASHINGTON, March 23. \ "Smart money” was withdrawn from banks which obtained Reconstruction Finance Corporation loans. Senator James Couzens (Rep., i Mich.), told the senate today. He accompanied the statement : with hte charge tha tin many instances large depositors in small banks had suggested to their banki ers that Reconstruction Finance Corporation loans be obtained in 1 order that the large depositor might get out. ; - The little bank official, not want- ; ing to offend, gets the loan and the depositor draws it out,” Couzens said. "That's what we call 'smart money.”