Indianapolis Times, Volume 45, Number 4, Indianapolis, Marion County, 16 May 1933 — Page 2

PAGE 2

DELAY LIKELY IN ACTION ON BANKING BILL Glass Measure Probably Will Not Be Acted on by Special Session. BY RAY TL'CKER Time, Special Writer WASHINGTON. May 16.—The Glass bank reform bill will not be passed at this session of congress unless President Roosevelt definitely places his influence behind it, in the opinion of Democratic leaders on capitol hill. So far. the President has not indicated he will insist upon it. Although major differences over banking revision have been settled by the administration and Senator Carter Glass <Dcm , Va t, author of the measure, the white House fears consideration would arouse controversies jeopardizing other legislation. Already financial interests and their representatives have announced opposition to several important features. The bill was reported to the senate Monday by the banking and currency committee, but it does not figure on the program of legislation framed by the President or Majority Lrader Robinson >Dem., Ark.) Though the senate leaders do not want to assume responsibility for delaying action, they will he content if circumstances shelve the measure. The clause arousing most opposition in the new hill is the deposits guarantee. Bankers' associations already have flooded Capitol Hill with protests on the ground that state trials of this system proved it unworkable. Eastern financial interests still are antagonistic to the provision requiring regulation of great private banks like J. P. Morgan & Cos., and divorcement of investment affiliates from commercial institutions. Western progressives plan to renew their fight against state-wide extension of branch banking. They also fear that the depasits guarantee will make national banks so strong that they will dominate the corner banks in their home communities. VOTE ON PUBLIC UTILITY Brazil io Hold Election to Decide on Eight Issue. /?'/ ) ii ih il Pn BRAZIL, Ind.. May 16.—Voters of Brazil will decide today whether a municipal electric plant shall be erected to supplant holdings of the Public Service Company of Indiana here. The election will be held under terms of an act. passed by the last session of the state legislature. The referendum provides that, the municipal plant shall cost not more than $555,000.

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Although White river stages dropped in Indianapolis today, suburban areas still held more than their share of water. The upper photo was taken late Friday afternoon, after the last families were rescued from River park. Residential section of the park is in the extreme background of the photo, with three-quarters of a mile overflow between the home sites and the photographer. Lower—" Rose” and her three-weeks-old calf had a tough day Friday. The water forced them from their grazing lands, to seek safety on River road at Seventy-ninth street.

COMMITTEE NAMED TO PUSH HEALTH WORK Public Board to Aid in Co-Ordinat-ing Various Agencies. Appointment of a public committee to aid in co-ordinating the work of various public health education agencies in the program for exiending the activities of the state health board, is announced by Dr. W. D. Gatch. dean of Indiana university school ot medicine. The committee is comprised of George C. Cole, state superintendent of public instruction; Dr. Joseph E Weinstein, Terre Haute,

MANY DRIVEN FROM HOMES BY TORRENT

president of the Indiana State Medical Society; Dr. A. L. Harter, Kokomo, president of the Indiana Nurses Association; Dr. O. N. Torian, Indianapolis, of the university podriatics department. Mrs. Glen Gifford, Tipton, Red Cross and Public Health Nurse Association worker; Mrs. W. J. Hockett, Ft. Wayne, president of the Indiana Congress of Parents and Teachers; Peter C. Reilly, Indianapolis, Riley hospital trustee; Robert E. Cavanaugh, Indiana university extension director; Judge Donald F. Stiver, Goshen, of the American Legion, and Dr. John N. Hare, state public Health director.

THE INDIANAPOLIS TIMES

FIGHT TROLLEY LINE REMOVAL

Abandoning of Meridian Heights Run Meets Opposition at Hearing. Confronted by unexpected opposition, proposal of the Indianapolis Railways to abandon the Meridian Heights car line on Pennsylvania street, north of Thirty-fourth street, was held up Monday before the city works board. A. W. Kaye, 5147 North Delaware street, and John W. Bowlus, 204 East Forty-seventh street, members of the protesting group, were to confer with car company officials today and obtain signatures on a proposal petition. Objections were based on increased transportation costs. The street car company said school children will be issued ten bus fares for 6 cents if the street car line is abandoned. The company also has informed the works board it will resurface the street between Thirty-fourth and Thirty-ninth streets on Illinois street made necessary by the proposed removal of tracks in abandonment of that portion of the Mapleton line. Additional twelve-minute feeder bus service will be added to the bus service on North Capitol avenue to supplant the car service. The board grantee! the company petition for rerouting of the Butler-Fairview bus line. PUBLIC WORKS URGED Nation-Wide Improvement Project Advocated by Engineer. A nation-wide public improvement program to use services of the unemployed was advocated by MaJcolm Pirnie, consulting engineer of New York, speaking before the Scientech Club at the Columbia Club Monday. Since 1930, he said, capital improvements are decreased $13,900,000, residential construction ' has lagged $2,000,000, and public buildings and roadways, $3,000,000.

WATER RATES SUIT ON AGAIN IN U.S, COURT

Building of Hypothetical White River Dam Holds Hearing Interest. Building of a hypothetical dam on White river as a means of determining the Indianapolis Water Company's water rights valuation, occupied attorneys and witnesses in federal court today in the water company's suit for higher rates. George W. Fflller, New York, company consulting engineer, who last week .submitted three separate rate-making valuations for the company, ranging from $26,000,000 to nearly $30,000,000, today resumed the witness stand under cross-ex-amination by George W. Hufsmith, assistant attorney-general. Builds Hypothetical Dam The latter elicited from Fuller the explanation that his figure of $1,187,000 as the valuation of the company's right to divert water from White river into the canal, was based on the hypothetical construction of a damn above Noblesville. The purpose of a dam there would be to provide an even flow of water in the river the entire year below the Broad Ripple dam. At present, he explained, the water company, through adverse possession. has the right to divert the water, but that his figure took into account the problem of the company if it just were starting out. The entire flow of the river is diverted from the section between the Broad Ripple dam and where the canal flows back into the river at Washington street, eight months each year, he said. Lawyer Rebukes Hufsmith If the company already did not possess the right to divert the water, he added, it would have to establish the dam above Noblesville to impound flood water in the spring, or face damage suits filed! by riparian rights owners along the eleven-mile stretch of the river below the canal intake. Several times during the hearing, William L. Ransom, chief of counsel for the company, rebuked Hufsmith for not permitting Fuller to complete his answers, once remarking : "If you would just let the witness finish answering one question, that would be a notable ment.”‘SHIPWRECK’ IS BACK Arrives in City, Seeking Record for Standing on Stilts. Seeking to establish anew record for standing on nine-foot stilts,' ! Alvin (Shipwreck) Kelly returned to ! Indianapolis today from Louisville. ! He was here five years ago when |he staged his flag-pole standing [stunt of 100 hours atop the Denison.

DENTIST USED JEWELED TOOLS IN OLD DAYS

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Miss Leannah Rudd Eighty-three years ago, dentists used jeweled instruments in their endeavors. The set here, exhibited by Miss Leannah Rudd, assistant to Dr. B. K. Westfall. 1006 Hume-Mansur building, was owned by Dr. Austin Fray Vanderbilt of Lafayette in 1845. The instruments are on display at the Indiana State Dental Association meeting at the Claypool.

25 CAR THEFTS LAID TO 3 MEN

Confessions Obtained, Say Officers: Autos Stripped, Is Charge. Three men held on vagrancy! charges have confessed stealing l twenty-five automobiles from which ; tires, other accessories and parts ! were removed and sold, detectives announced today. A fourth man, charged with receiving stolen property, is in custody. Those said to have made statements are Burle Fisher, 32. and John J. Jameson, 22. both of 5124 Sheldon street, and Wilbur Perkins. 30, of 1713 Livingston avenue. The fourth man held is Raymond Halloran, 31, of 826 Massachusetts avenue. In addition to thefts of cars here and at. Shelbyvillle. Frankfort and Franklin, Ind., the three are said to have admitted stealing one at Peoria. 11l Fisher is suffering from slight wounds inflicted by a shotgun

charge which he is said to have admitted were incurred when he and Jameson were caught removing parts from a car near Franklin. DOES YOUR ROOF LEAK? If so, see classification 7 for a man to repair it.

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MAY 16, 1933

U. S, PROBING J. P. MORGAN'S INCOME TAXES 1 Returns Made by Banking Partners Also Are Being Examined. (CoDTristht. 19.13. br United ProWASHINGTON. May 16—J p. Morgan's income tax returns United Press learned, are being Studied by a senate banking committee investigator. Returns of his partners in the great international banking firm also are being examined. T .t- is believed likely that the information obtained will be introduced early in the committee's m-< vestigation of the bank's operations, scheduled to begin next week. One of the purposes of the committee's general inquiry into banking and stock market practices is to turn the spotlight on loopholes in the income atx law. and to devise legislation to ptug them up. Chairman Peter Norbcek recently predicted the committee's work would bring the government millions of dollars in additional taxes. It was before this committee that Charles E. Mitchell, former head of the National City bank, admitted selling stocks to his wife at a loss to avoid income lax payments. He now is being tried in New York on charges that the transaction was illegal. Charges that Andrew Mellon also avoided heavy taxes by selling stocks at a loss, and later buying them back through a corporation controlled by his family arc being studied by the justice department. Returns of other wealthy persons also are being investigated. Woman Attempts Suicide Miss Elizabeth Clayton, who at-’ tempted suicide by poison Monday night at the home of a sister, Mrs. Margaretta Thomas. 2337 North Gale street, was returned there today after treatment at city hospital. Police said she refused to give a reason for her act.