Indianapolis Times, Volume 45, Number 11, Indianapolis, Marion County, 24 May 1933 — Page 16

PAGE 16

RESERVE BANKS BUY BONDS TO AID BUSINESS $25,000,000 in Cash Is Released by First Step Under New Law. Il l I hi'',l I‘rrnn WASHINGTON. May 24. —The government has begun its inflation campaign through purchases of federal bonds in the open market by the federal reserve banks. Treasury Secretary Woodin announced that reserve banks had made an initial purchase of $25,000.000 worth of government bonds. This was the first action taken under the inflation section of the farm relief act. "That is the start of an inflationary step," Woodin said. It is being done to inject something into the market. In other words, to keep things moving along." Woodin said additional purchases ‘•eii holy would be dependent upon conditions.” The new law authorizes the restive banks to buy up to $3,000,000 000 of securities. When the reserve banks buy bonds, cash balances of member banks are increased by equal amounts. The administration hopes that th<- banks, with these additional funds on hand, will advance them • to industry to get more money into j circulation, and help the upturn in ! business and prices. During the Hoover administra-: tio:i the reserve banks bought nearly $1,000,000,000 of bonds which they still hold, but the desireu credit expansion was not achieved. Olficials feel that with business I now improving and market values j l Ising, conditions are much more ! favorable for success of the operations. Drowns in Bloomington Lake BLOOMINGTON, Inch, May 24 Walter Droll, 24, employe of a local glass company, drowned in Weimer’s lake Tuesday night despite efforts of his companion, Mrs. Dorothy McHenry, 21, to save him. Low Round -Trip Coach Fares Next Saturday CLEVELAND . . $4.50 Leave 10 VO p. m. or 10:55 p. m. Return on nnv train until 3:00 a. m. Monday. DETROIT .... $4.50 TOLEDO .... $4.00 Leave 10:55 p, m. Return on any train Sunday. Next Sunday ST. LOUIS . . . $4.50 Leave 12:35 a. m , 2:45 a. m., or 8:15 a.m. Return on nnv train same day. CINCINNATI. . . $2.50 Oree.wilMirt:. sl.2s; Slielb.vville, 75e Lrnve 745 a m. Return on any train same day. See the Beautiful New Cincinnati Union Terminal. BASEBALL—Cincinnati vs. Pittsburgh. Ask About Greatly Reduced Round Trip Fares to all points over Decoration Day BIG FOUR ROUTE

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Ax-Swinging Hardens Muscles, Develops Stupendous Appetites in Forestry Army

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Tho Clark county forest has been invaded. The civilian army fights its way through underbrush and battles poison ivv in the third of a series of stories about the reforestation reserves. BY ARCH STEINEL Times Staff Writer CLARK COUNTY FOREST, Ind.. May 24. We do our bit! We shovel it I And cut the grasses jrreen. Build roads by blocks and shovel rocks. The guvs in Five Fourteen. IT'S the song of Marion county's forest army at the start of their offensive in the wooded knobs of Clark county state forest. Tents are up. Ticks have been stuffed with straw. Smoke curls from the canvas walls of the cookhouse. The boys are being worked gradually into the forests. Today a squad of forty breaks nursery ground to let tiny spruce and pine grow for the wood piles of posterity., Thursday another squad will join them. There’s that winding, gully-bi-sected road to the 73-foot fire tower atop Grandview Knob to be widened and revamped. “Fixing that road, the boys can pat themselves on the back that they’ll be helping us to combat future forest fires,” says C. W.

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Upper left—Pounding stakes in readiness for summer storms at Camp Clark. Upper right—View of the tented city of the 209 Marion youths in a clearing on the Clark reservation. Lower left—Chow! And these forest soldiers from Marion county are doing double-quick time to get to the mess tent in the Clark county forest reserve. Lower right—The tent that is the cynosure of eyes and noses—the cook tent, a cook's assistant is taking a swig from a canteen of water between bacon fryings.

Griffith, state forester, supervising the camp. Scrub trees are hacked down for fire-wood to cook army beans. Good old beans! You can smell them from the clearing. tt U tt FIVE Fourteen's poet takes up the song he composed to the "cling-clang” of ax and shovel. He's Max Stuckey of 1025 Eugene street, Butler university collegian. “Give me ears! You engineers! You know just wlfat we mean; Do your bit and shovel grit With the guys of Five Fourteen. Bare backs scrolled with tan and sunburn in curves around the shoulder blades, where undershirts have been, move in unison to the words with a lift of a shovel, a swing of a hoe, a deep-throated cut with an ax. ‘‘Watch that poison ivy over there, bud,” counsels one of the company’s officers. “Woods are lousy with it.” They have met the enemy. A three-pronged, leafy vine that clings to trees, weaves in and out of underbrush, lies in wait for them. “ —And poison ivy prefers blonds,” murmurs a state forester in charge of a squad of men. That’s a fact that’s handed from the lip of woodsman to woodsman. Brunets seem to pass the green leaves untouched, but the blonds and the red-heads must take care. tt tt tt BUT Lieutenant A. G. Moore of Laurel, Ind.. physician in private life, is ready with his firstaid—the calomel lotion bottle —for those blondes wounded by the enemy. “If you see a company So dusty they can’t be seen, You can say. ‘By Gosh’ today I saw old Five Fourteen.” Down the road they come trudging in their heavy hob-nailed army boots for supper and lots of “seconds” and "thirds” for some—who are called "wolves” by the tattooed army cook. Supper over, the string band strikes up "In the Evening by the Moonlight,’ a "Long, Long Trail a Winding." Voices, made hoarse by dusty roads and tramping in timber, sing the sun down on these 5,400 acres of Indiana’s woods. A ball game starts in a corner of the brown-tented cantonment. On some of the twenty-seven cots, alloted each tent, pitch games are in progress, while on other cots

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the outdoor air, the sun and swinging axes have taken their toll, as outstretched youths snore the eventide away. n u tt r T~'OBACCO is scarce! Several youths prowl the camp to bum a fag. Pay-day's June 1 and that's a long v r ay between “drags." “How's for butts?” inquires one youth of you. “Sure!” is the reply. “Hey! fellers. Packs out!” he calls to a group in a tent. They mob you with a “Cigaret me, buddy.” Just another old army custom that it hasn’t taken them long to learn. One youth, who wears glasses, doesn't join the rush from the tent. He squats, Indian-fashion, atop his cot writing on a book. “Homesick? Writing to the folks,” he’s asked. “Nope! doing my lessons,” ne retorts. The lessons prove to be the conjugation of some Spanish verbs. Laughter from the pitch game, ball field, and the song-fest doesn’t bother Benjamin Parnell, 19, of 725 Dorman avenue, in his work.

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HIS family needed him. He enlisted in the forest army. He quit Arsenal Technical high school to do it. But he wants to be graduated from Tech next year and so the schools pedagogs are giving him a chance to make his credits via the correspondence school route. Ben sends his lessons in weeklv between hoisting a shovel to and fro or swinging an ax. They're graded and new assignments given to him. “I've gotten one A-plus and five A's," he says proudly. The recreation din flaps at Ben's tent-door. Off a few yards Max, the company poet, squats with paper in hand composing some new doggerel. Night's hand closes. The morrow comes with: “We bat our eyes. The old clay flies. And we give three Hoosiers cheers; Down the pit. And shovel jfrit. To heil with the engineers.” Next: Camp Morgan near Martinsville. REGISTRAR IS NAMED Dr. Ernest L. Bowman of Ohio State Gets Butler U. Post. Dr. Walter S. Athearn, president of Butler university, Tuesday announced the appointment of Dr. Ernest L. Bowman of Ohio State university, as registrar and examiner of Butler. He wil succeed Miss Sarah E. Cotton, killed in an automobile accident last November.

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JURY PROBE OF STATE SAVINGS BANK STARTED Acts of Closed Organization Chiefs Are Put Under Scrutiny. Grand jury investigation of affairs of the defunct State Savings and Trust Company began today with two acts by former officers under scrutiny. Two witnesses. Homer Elliott, receiver of the bank, and Miss Catherine Holland, his employe, were subpenaed for the grand jury hearing. A $40,000 deposit at the Fletcher American National bank carried as an asset of the State Savings and Trust, and called statements to the state banking department will be investigated by the grand jury. Prosecutor Herbert E Wilson said after a conference with Oscar Hagemier, grand jury deputy. Wilson said that, apparently, the $40,000 was carried as a bank as-

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State Tire Bids Are Ordered State highway department tire bide for the fiscal year, beginning July 1, will be received by commis- | sioners at 10 a. m , June 7. it was .announced today by Chairman James D. Adams. The contract calls for both solid and pneumatic tires when needed. It is expected to toi tal about SBO,OOO for the year.