Indianapolis Times, Volume 44, Number 298, Indianapolis, Marion County, 24 April 1933 — Page 1

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INFLATION PLAN PRESSED TO HELP DEBTOR CLASSES Thomas (Okla.) Presents Bill to Transfer 200 Billions of Purchasing- Power From Bank Depositors to Owing Public. FLURRY OF DEBATE IS ROUSED Most Important Proposition That Ever Came Before Congress, Says Man Who Explains Vast Roosevelt Plan. BY LYLE C. WILSON Initcd Press Staff Correspondent WASHINGTON, April 24. —Tall, silvery haired Senator Elmer Thomas, (Dem., Okla.), today presented the administration inflation bill to the senate as a program under which $200,000,000,000 of purchasing power could be transferred from bank depositors to the debtor classes. Passage of the measure is expected Wednesday. Thomas was the administration spokesman today, chosen because he drafted the plan upon which President Roosevelt’s inflation program is based. His cold, clipped words seemed almost to shock some of his colleagues. There was a flurry of questions.

Vice-President Garner recognized Thomas at 12:14 p. m., and he began his explanation of the administration inflation plan, lie took up the provisions of the bill one by one. Republicans did not appear greatly interested. Most of them left the chamber after the quorum call. ‘•This amendment in my judgment is the most important proposition that ever has come before the American congress or any parliament in the world." Thomas said. Wealth Transfer Urged "If this amendment prevails it may transfer from one ciass in the United States value to the extent of almost $200,000,000,000. It will be transferred first from those who have bank deposits and second from those who hold bonds. "In their hands rests $200,000,000,000 of bank deposits. They did not earn it.” "If this power is exercised in a reasonable degree it must transfer that $200,000,000,000 from the hands of those who did not earn it, did not buy it, who do not deserve it back to the hands of the debtor classes. "Saving only the World war, there has been no such momentous thing before the world in 6,000 years,” Thomas continued. Senator Adams iDem., Col.) interrupted. "I wonder if I heard accurately that the senator said no bank deposit was earned?” “I did not intend to go that far,” Thomas replied, "but I shall come to that directly in my speech.” Raise Commodity Prices "Did I understand,” asked Senator Reed <Rep., Pa.', leader of the senate anti-inflation bloc, "that the purpose of the senator's amendment is to transfer $200,000,000,000 of wealth from the creditor to the debtor classes?” ‘TJnless that is done,” Thomas replied, "the debtor class will not have had substantial justice done it.” “That is the senator’s purpose, then.’ Reed pursued. "My purpose." Thomas replied, "is to raise commodity prices so people can live." He declared tha't even with the transfer of wealth, "full and fair justice will not have been done to the people of the United States.” As the inflation debate swept over the startled senate. Senator William Borah ißep., Ida.) informed questioners off the floor today that he contemplated an amendment to the adminitsration plan which would authorize opening of all closed banks with an immediate payment to depositors of 60 cents on the dollar. Borah has not decided to offer such an amendment, but he might do so. KAISER WINS SUPPORT Restoration of Hohenzollerns’ "Crowning Goal," Say Army Men. P;/ I nited I’rrrt BERLIN, April 24.—Restoration of the Honhenzollerns is the • crowning goal" of a reconstructed Germany, the National Alliance of German army officers declared today. The alliance pledged its allegiance to President Paul von Hindenburg and Chancellor Adolf Hitler. Times Index Page Births and Deaths 12 Book a Day 13 Bridge 5 Classified 12 Comics 13 Crossword Puzzle 11 Curious World 5 Dietz in Science 5 Editorial 4 Financial 11 Hevwood Broun 4 Hickman Theater Reviews 5 House of Morgan—a Series 3 Lodge Page 6 Obituaries 5 Radio 7 Railway Reorganization 11 Serial Story 13 Sports 10 Talbert Cartoon 4 What's New in Stamps 8 Wiggam Cartoon 7 Woman’s Page 8

The Indianapolis Times

VOLUME 44—NUMBER 298

TRACTION RAMS ST, CARBi HURT Ft. Wayne Interurban Runs Into Trolley After Hitting Truck. Eight persons were injured at noon today when an outbound Ft. Wayne traction car crashed into the rear of a Brightwood street car in the 900 block. Massachusetts avenue. The traction had sideswiped a city park truck before the crash. Rear of the street car was demolished and seats were torn up as was the flooring. The street car carried thirty passengers and the traction nineteen. Mrs. Harriett Palmer. 66, Franklin, Ind., was the most seriously hurt, her nose having been broken when she was hurled against a seat in the interurban. She was taken to city hospital by police. Others injured were: Mrs. Beatrice Murphy, 943 Massachusetts avenue. Apartment 4: Mrs. Clara Deman, 2235 Bloyd avenue; Mrs. William Urlab, 2812 North Denny street; Leßoy Heck, 2321 Station street, and Mrs. Nettie Fox. 1626 East Eighteenth street, all passengers on the street car, who were bruised and cut. and Arthur Graham, 2401 Roosevelt avenue, operator of the car who incurred minor back injuries. In addition to Mrs. Palmer. Rufus Garrison, 45, R. R. 12, Box 328. passenger on the traction, suffered nose injuries. Before the crash with the street car, the interurban sideswiped a park board truck, knocking the rear view mirror from it. Van D. Vandivier. Anderson, operator of the traction, said that, he had looked back to see what damage had been done when the street car stopped in front of him. Mrs. Murphy was getting off the Brightwood car when the accident occurred. Luther Teeter. 1010 Sterling street, and H. L. Horner. 615 Udell street, riding on the park truck, were uninjured. SEEK BEER AGREEMENT Reciprocity Flans With Ohio Worked on by Fry, McHale. Plans for reciprocity in enforcement of beer control laws were being worked put today at a conference of Paul Fry. state excise director. and Frank McHale, representative of the Governor in putting the beer law into effect. “Indiana desires to co-operate with other states in making their law work and seeks similar cooperation," Fry said. He expected to confer with the Ohio authorities regarding that state.

Trip to World’s Fair Will Reward Times Marble Champion

Not all cats have tails. Not all babes have bibs. Not all (iris Have natural curls. Rut all the bovs play mib*. HAVE you read about the Chicago Century of Progress, with its rebuilt Ft. Dearborn, its enchanted island, its hall of science, its planetarium, aquarium, dioramas and hundreds of other attractions? Would vou like to be turned loose at the Century of Progress and told. "Help yourself, boys; everything's yours?” And what’s that got to do with all boys playing marbles? Plenty. On account of- being a marble player, some boy in Indianapolis is going to Chicago. He'll live like a millionaire in one of Chicago's largest hotels, with banquets every night, with bellhops and porters bowing, and whispering among themselves: “That’s him. There he goes!” He'll be better off than if his father owned an amusement

WORLD MONEY DISCUSSED AT WHITEJIOUSE MacDonald and Roosevelt Drive Ahead in Parley at Capital. HERRIOT WAITS HEARING Foreign Exchange Situation Big Problem Before Statesmen. BY RAYMOND CLAPPER I’nited Press Staff Correspondent WASHINGTON, April 24.—Driving ahead under pressure seldom seen in international conferences of such magnitude, President Roosevelt and Prime Minister MacDonald went into another all day huddle soon after breakfast today. They were pressing ahead on the ! entire economic front to set afoot I closely interlocked counter-depres-sion measures. These include: 1. Resumption of the gold standard by America and Britain. 2. Revision of war debts. 3. Scaling down of tariff and i other trade barriers. 4. Improvement of European security through armament reductions and expanded consultative arrangements. / Luncheon at Legation Snatching only a few hours sleep after working until midnight, Prime Minister MacDonald left the White House early to have breakfast in the apartment of Senator Borah, his old , friend and former chairman of the senate foreign relations committee Then after a short call at the Canadian legation, the prime minister hurried back to the White House and settled down with President Roosevelt. The morning session between the president and Premier MacDonald broke up shortly before 1 p. m. and McDonald and Ishbel left the White House almost immediately for the Canadian legation, where they were guests of honor at luncheon. The British and American experts who had worked at the White House until midnight gathered again at the state department today to wrestle with the infinitely complicated foreign exchange situation. hoping to have a progress report when called to the White House at 3:30 p. m. Herriot Takes Rest Former French Premier Herriot, who does not enter the conferences until tonight, whiled away a balmy spring morning by taking a motor trip to Mt. Vernon by way of the new Washington Memorial highway. He will enter the discussions backed by a firm declaration in favor of the gold standard made over the week-end by Premier Daladier. Tariff relations were due to assume greater importance with the arrival late today of Prime Minister Bennett of Canada, which is the second largest customer of the United States. Armament Is Discussed President Roosevelt and Prime Minister MacDonald drove ahead with all possible speed to end the chaos into which world trade has been thrown by America's action in following Great Britain off the gold standard. They have agreed in principle that this obstacle must be removed before the road will be clear for world recovery. .Some of the more optimistic hoped that definite recommendations from American and British experts might be ready for consideration later today by Mr. Roosevelt and MacDonald. Few believed that any conclusive result could be reached so soon, considering the appalling intricacy of the problem. President Roosevelt and MacDonald spent, much of Sunday discussing disarmament on their quiet, all-day cruise down the Potomac on the government yacht Sequoia. TWO BOYS DROWNED Ten-Year-Old Lads Lose Lives in Silver Creek. By I'nitcd Press NEW ALBANY. Ind., April 24. Two 10-year-old boys were drowned here over the week-end when they fell into Silver Creek. They, were John V. Helfrish and William Schaeffer.

park—and all his uncles ran ice cream factories. And—what's just as much fun as that to the kind of boy who’ll get that priceless experience—he'll have a chance to play with the best marble shooters in the United States.

Tartly cloudy tonight and Tuesday; cooler Tuesday.

INDIANAPOLIS, MONDAY, APRIL 24, 1933

SENSATION SPRUNG IN BANK QUIZ; GRAND JURY MAY PROBE CHARGE

GOVERNOR OPENS HOME COMPLETE SHOW IN STYLE

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MODERNIZATION DRIVEJTARTED 5,000 Volunteer Workers in Field Urging Property Owners to Act. Five thousand volunteer workers today are urging property owners to make improvements in interest of the city-wide modernization campaign. Workers who started enlistments as the drive opened Saturday are to report early results today. Leaders are optimistic that the campaign goal of $2,500,000 in property improvements will be reached. The drive will continue through May 5. Workers will attempt to enlist every property owner in the movement to repair homes, factories and buildings while material prices are low. The drive is outliifed to pro vide jobs for several thousand unemployed. It also proposes to turn cash into trade channels that will mean a $25,000,000 turn-over in city business in the next six months. Headed by Louis J. Borinstein, Chamber of Commerce president, the movement has co-operation of virtually every civic club, labor group and community organization in the city. . Volunteer workers are directed by Russell C. Rottger, Indiana Bell Telephone Company vice-president. "Modernize Now —Before Prices Go Up,” the campaign keynote, is being stressed on billboards, auto stickers and through other advertising mediums in the city. SCANLAN GOES ON TRIAL; JURY SOUGHT Fifteen Talesmen Questioned at Morning Session. James C. Scanlan, automobile dealer, accused with two other men; of conspiracy to commit a felony,! went on trial today in criminal 1 court with Clyde C. Karrer as special judge. Other defendants are William Bruce and Melvin L. Hindman, the i latter a former Indianapolis policeman. It is charged the three ! engaged in a scheme to defraud in financing sales of automobiles. The state elected to try Scanlan' first. Defense motion that the prosecution be required to select a specific count for trial was overruled. Fifteen men were questioned for jury service at the morning session of court, and three were excused

' I ’’O GET down to brass tacks, here's how: The big marble tournament starts early in May. It’s the big annual tournament. It is made possible by The Times. The Indianapolis winner will get a free trip to Chicago to take part in the

THOUSANDS 60 TO HOME SHOW Electric League Day Is Held at Fairground; 10,000 Visit Sunday. The man behind the electric iron, the refrigerator and the breakfast toaster had his day today at the twelfth annual Home Show in the Manufacturers’ building at the fairground when Electric League day was celebrated. As the doors opened at 11 a. m., housewives who put off their Monday washing visited the exhibit and commented on the unusual styles of architecture and the modernistic model home. „ Officials of ftie show pointed to the trend toward thoughts of "Home, Sweet Home,” instead of the partying of the jazr era after observing Sunday’s crowd of 10,000 at the exhibition. The bog garden of the Federation of Garden Clubs and jig-saw garden of the Forest Hill Club were some of the displays that attracted attention. Flowers at the show are freshened daily by the Allied Florists of Indianapolis. Modernization of antiquated homes and beautifying ugly basements is one of the home show features drawing crowds. Tuesday will be "Home Furnishings” day at the exhibition. The show opens at 11 a. i* daily and closes at 10:30 p. m. Street cars of the Ulinois-Fairground line will take visitors to the doors. Motorists should travel north to Fall creek or Maple Road boulevard and thence to the fairground. SENATOR KEHOETgETS M’NUTT APPOINTMENT Named Chief of State Bus and Truck Inspection Division. Another McNutt administration supporter in the 1933 legislature was awarded a state job today. I Senator Russell P. Kehoe <Dem., Jeffersonville) was named as sue-! cessor to Edward V. Krause ißep., i Logansport), as chief of the bus and | truck inspection division of the public service commission. He will be assisted by Raymond Wickersham 'Dem., Logansport), originally scheduled for Krause's post. Krause will remain and instruct both appointees, Chairman Perry McCart of the commission said. Kehoe is the fourteenth legislator to be given an administration appointment. Hourly Temperatures 6a. m 46 10 a. m 58 7a. m 48 11 a. m 61 Ba. m 54 12 (noon).. 61 9a. m 57 Ip. m 60

national marble tournament the last week in June. And will he have a good time? A free ride there and back in a Pullman. A royal welcome when he arrives. A room in one of the finest hotels in the country, right near the Century’ of Progress. Theater parties. Pony rides. Sky

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Governor Paul V. McNutt as he was greeted Saturday night by a committee of girls at the opening of the Home Complete show at the fairground. Left to Right —Miss Mar jorie Horn, Miss Mary Lou Brandlein, Governor McNutt, Miss Lotys Benning, Miss Betty Akin and Miss Elsie Owen. Lower —Miss Mary Elizabeth Morgan is shown on the steps of the model house, welcoming visitors.

CARMEN HILL'S WIFE WINS FAST DIVORCE Two Minutes’ Testimony Is All Judge Needs. Testimony that her husband, Carmen P. Hill, former Indianapolis baseball pitcher, blacked her eye twelve times, today won for his wife, Ruth, 5703 Fall Creek boulevard, the speediest divorce granted in Marion county. It required only two minutes for Superior Judge William A. Pickens to hear the evidence and grant the divorce. Custody of two children were gjven the husband. Hill also was ordered to pay SSO attorney’s fee and court costs. He did not contest the case. The couple was married Jan. 16, 1917, and parted Feb. 6. 1933, according to the complaint. Hill left the Indianapolis baseball team about 1926. He pitched for the Minneapolis Millers last season.

rides. Scenic railways. All the fun that can be had at the great Century of Progress, something that can not be duplicated anywhere else in the world. And will he see things? The rebuilt old Fort Dearborn, the famous Hall of Science, Admiral Byrd's famous polar ship, the Golden Temple of Jehol, a replica of Lincoln’s birthplace, the store where he once worked and the building in which he received his nomination for the presidency, hundreds of exhibits, and a midway with scores of amusements. How that lake front will be decorated with flags and bunting! And how the bands will play! It will be a week never to be forgotten. n a a _ OF course. The Times would like to take all of you to the Century of Progress, but it can't do that. However, there's going to be plenty of fun for everybody who enters the marble tournament.

Filtered as Second-Class Matter at Postoifice. Indianapolis

State Savings and Trust Officials Must Answer to Judge Cox on Transactions Revealed by Investigation. CLEANUP INQUIRY IS ORDERED Roosevelt Building Deal and Swapping of Farm Lands Under Fire; Many to Be Subpenaed. BY JAMES A. CARVIN’ Times Staff Writer Breaking like a bombshell in a nearly deserted courtroom this morning, disclosure of sensational developments in affairs of the defunct State Savings and Trust Company led to an order by Circuit Judge Earl R. Cox of a special hearing for further airing of transactions by former officials of the bank and the receiver. Cox said the hearing may bfe preliminary to a grand jury probe. At a hearing to obtain permission for sale of property, R. D. Evans and K. I. Hamilton, representing the depositors’ committee, disclosed knowledge of transactions involving hundreds of thousands of dollars in the bank's funds.

BANK QUESTIONS COURTS POWER Meyer-Kiser Attorney Puts Jurisdiction Issue to Fore in Hearing. Jurisdiction of the state bank examiner’s department and circuit court in the affairs of the MeyerKiser bank was questioned today in a receivership hearing before Circuit Judge Earl R. Cox. According to arguments advanced by Paul Y. Davis, counsel for the bank’s liquidating agents, the state banking department, or 25 per cent of the creditors, must take receivership action. The petition for receivership was brought by Mrs. Jessie Powell, aged widow, who alleges that conspiracy exists in liquidating the bank’s affiars. Edward Little, attorney for Mrs. Powell, raised the question of the bank’s present status, declaring that its suspension of operation in July, 1931, and institution of liquidation, removed it from the supervision ,of the banking department and placed it in the status of a business concern. Ruling on the contentions will be given by Cox late today. At the time of the bank’s suspension, a supreme court decision was given prohibiting the Marion superior court from intervening in the situation. Mrs. Powell’s suit preceded a meeting of Meyer-Kiser depositors, at which plans were made for demanding information regarding the progress of liquidation. According to Charles D. Babcock, chairman of the depositors’ committee, no information has been given depositors and repeated demands for information have been refused. Liquidating agents of the bank. J. J. Kiser, Ferd Meyer and Mel Cohn, later requested investigation of their activities by the state banking department. Bank examiners have been assigned and expect to announce their findings this week. M’NUTT TO SEE BOARD Governor to Attend Quarterly Meeting of Charities Committee. Governor Paul V. McNutt announced today he expected to attend the quarterly meeting of the state charities board Tuesday. It is expected that he will unfold his reorganization plan as it relates to the board. Previously he announced that the board may be abolished and' duties assigned to some other department.

Practice time is short. The marble tournament commences early in May. All boys play marbles, and every boy is a potential champion. What it takes is practice. The boy (it might be a girl, for that matter; they're mib marvels, too; who matches skill against the fifty champions at Chicago will be one that begins his practice tonight. "You’ve got to practice every day if you want to be a champion marble shooter,” says Harley Corum of Louisville. Harley is national champion. All boys and girls v.ho will not be 15 by July 1 are eligible to empete. Get out your favorite aggies, fellows, and start practicing. There arc some mighty fine mib players in Indianapolis and it’s going to take a lot of practice to get in shape for the tournament. And, of course, YOU want to be the one to take that great trip to Chicago Watch The Times Tuesday for more details.

HOME EDITION PRICE TWO CENTS Outside Marion County, 3 Cents

I' The information disclosed by the representatives parallels facts obtained by Cos xin a private investigation begun six weeks ago. he said. Cox ordered Homer Elliott, successor to Eben Wolcott as receive*to prepare a petition for court order to subpena witnesses for the investigation, which Cox termed preliminary to grand jury investigation." Mill Go to Bottom , “* f officers and officials of the oank have money belonging to the depositors, they must come in and tell what became of it.” Cox declared. “This investigation will endeavor to get to the bottom of _his -eivership, an d I don't care who it Principal disclasure b~ Hamilton concerned a stock transaction involving the Roosevelt building im_ nois and Washington streets, in r£ 1C T h u 6 u° c° mmon stock shares in the Libby Realty Cc. were obtained by the State Property Cos., real estate subsidiary of the bank. The stock was obtained by trade of farm lands and other consideration according to information obnnrw b l C ? x ’ In addi tion, $125,frnm oTh• ° f notes was assumed ZTJ S c l go real estate operator named Frankenstein. No Record Kept, Is Charge According to information from both Cox Hamilton, no record RecOTds o niT 15 k ' pt at the bank - Kecords o fthe receivership reveal however that nearly $19,000 of the receivership funds were paid in Pr i n n C t? r al /L nd T terest on the notes. . La ! e f’ tbe cla 'rn was written off : 1 abandon ed, Cox said. According to Hamilton, $7500 | representing half 0 f a sls 000 nav’ ment to Klein & Kuhn, property management agents, was refunded Itt XSSton 6 " "° reC ° rd exlst b * ban k. "as manager of the realty department Hamilton said rrw T e u Voices Eu *Pion Cox said he had evidence of nav. Stole ° f p 300 000 bv the bank t o P the tonne Pr ° perty Company. The funds so derived later were traced to a number of local banks in naf tnem of obligations. Cox saiS At the present, from the in for mat ion you have given me and what I have collected myself, there i S Which toM Ham,Z Ch a„ e d Xa r“° nS ’' In our conversation here we f ° r aboUt *38,000 bank 6 m the funds of h "° U^^S e and h we Cox revealed that he has records and information of the bank 1 a private lock box. it was place? faS” to h f ncounterad “auspicious f rni l pnvate investigation. Elliot Denies Knowledge He invited Hamilton to go over the information with his (Cox’s; private accountant. I wish I had known that you gentlemen were in possession of these facts,” Cox told Hamilton and Evans, "it would have saved me many hours’ work.” Elliott told the court he had no knowledge of the disclosures until they were brought to his attention by the depositors’ committee this morning. Today's Short Story A 100-pound ice refrigerator had been replaced by an electric one. It was taking up valuable space on the back porch. Mr. Leech decided to sell the box. He called Ri. 5551 and placed a 10-word for sale ad to appear for four consecutive days. But the ad did not run four days. It was ordered killed Friday evening, the ice box having been sold the same day that the ad appeared. Here is the ad that appeared only one day at a cost of 27 cents and got results. REFRIGERATOR—IOO lbs., tlirhtlv used. reasonably. Call HA-5591. You, too. can obtain the same speedy results with Times Low cost want ads. Call Ri. 5551 or bring your ad To Want Ad Headquarters, 21* West Maryland street.