Indianapolis Times, Volume 45, Number 21, Indianapolis, Marion County, 5 June 1933 — Page 2

PAGE 2

RECOVERY OF WORLD TRADE RESTS ON ECONOMIC PARLEY; FAILURE TO MEAN DISASTER London Conference Must Succeed to Save Universe From Tragedy, Delegates of Leading Powers Admit. Admitted!? at the ero*-rnad. fifty-four nation? of the world will rather In eonferenre at Ixindnn neat Mnndar to try to ave themnelve? from threateninr economic and political diaaater. Probably not in lon year* ha ao important a meetinr been held Here la the fir?t of a aerie? of articles on what the nations hope to do at London and the obstacles in the wav. BY WII.I.IAM PHILIP SIMMS Scrinos-Hnward Foreirn Kditor WASHINGTON, June 5. —Next Monday the long-planned world monetary and economic conference will convene at London. Upo its outcome depend nothing less than world economic recovery or collapse, world peace or world war. If the London conference fails, its sponsors admit, there will be no option for the world but to split up into isolated nations or groups of nations, each surrounded by an insurmountable ecnomic Chinese wall, behind which peoples will try to live entirely to themselves. As this is practically impossible—because of the need for raw materials, the necessty to export surpluses which certain powerful nations lace, and for other reasons—that way lies eventually anew war of blood and iron.

Despite their optimism and words c>t good cheer, all this was admitted by the world's loading statesmen as group after group visited the White House to exchange ideas with President Roosevelt here. The work}, said Secretary of Stale Cordell Hull prior to embarking for the London conference as head of the American delegation, must make its decision now. It must level off its trade barriers and induce commerce to start flowing again, else admit failure, and let the present tendency to economic isolation take its fateful course. World Trade Paralyzed Already the world has had a taste of what that course means, he said. After twelve years of it, 13,000.000 Americans are jobless, 35,000.000 in other principal countrips are idle, and 30.000.000 American farmers alone have suffered an aggregate loss of $40,000,000,000. Business has been paralyzed the world over. Consumption in every quarter of the globe has dwindled for lack of purchasing power. Surplus products have accumulated, and the bottom accordingly has dropped out of prices. Gold has gone into hiding. Hardly a nation on earth is strictly on the gold standard. Neither nations nor individuals can pay their debts. National budgets are out of plumb. International exchanges either are closed or operate only under the severest restrictions. The depression is universal. Failure Means Disaster The job of the fifty-four countries sending delegates to London is to remedy this situation. Failure will pit nation against nation and group against group in the worst cut-throat, economic war civilization ever has seen. It will be every nation for itself and the devil take the hindmost. Even so, Raymond Molev, assistant secretary of state, warned that the public must not be too optimistic. There is a limit to what can be done. If an agreement can be reached on a broad international reconstruction program, he intimated, to supplement the domestic recovery programs of the participating powers, the conference will be doing pretty well. In plain language, the main projects before the conference are these: 1. Steps leading to the world's return to a gold standard. 2. Stabilization of the world's principal currencies, including the dollar and the pound, at some fixed ratio, one with the others. Tariff Agreement Needed 3. An increase in the price of silver to raise the purchasing power of the bullion silver-users of the Orient and the rest of the world. 4. Removal of exchange restrictions to permit the free flow of international trade and credit. 5. Agreement on a world tariff policy and the abolition of trade quotas and other hampering devices. 6. Co-ordination of national bank policies and practices. 7. Boost world commodity price levels. 8. Clarification of the world debt problem. Most of these debts are of a private nature, but intergovernmental debts are nevertheless enormous. Some agreement with regard to Europe's $11,000,000,000 war debt to the United States will be essential to success. Though the administration policy prevents a discussion of these debts at the conference itself, beyond question they will be discussed concurrently—either here cr elsewhere. Much, if not everything, will depend upon the outcome of these •'concurent” debt discussions. Next: John Bull, the Hardboiled. PLAN MEMORIAL RITES Munrie Red Men and Pocahontas to .loin in Services. Fit T infj S/.-t i i'il MUNCIE. Ind.. June s—Members of Indiana Tribe No. 1. and the three councils of the Degree of Pocahontas of this city, will hold a joint memorial service in their wigwam at Muncie. Thursday nght. Prncipal address for the service will be given by Hobbs. A special program has been arranged.

113 to Receive Diplomas From Indiana Central

All-Women Spring Pageant to Be Held Tonight in Gymnasium."Revel of the Roses" all-women spring pageant, will be given at 8 tonight in the gymnasium of the Indiana Central college as one of the highlights of commencement week at the school. Fifty-seven will receive diplomas from the college's normal course and flfty-slx will be graduated from the regular course. The need of courage for collegians gomg into the world today was stressed by the Rev. W. G. Bone-

SERMONS HEARD BY GRADUATES Baccalaureate Services for Four High Schools and Deaf Class Held. Baccalaureate services for members of the graduating classes of four city high schools and the Indiana Sate School for the Deaf were held in Indianapolis Sunday. Dr. J. Ambrose Dunkel, pastor of the Tabernacle Presbyterian church, addressed the sixty-five members of the graduating class of . Broad Ripple high school on “The Aim and End of Life.” At Arsenal Technical high school, 982 seniors heard the Rev. L. C. Trent, pastor of the Woodruff Place Baptist church, and Principal Dewitt C. Morgan speak. A musical program including a massed choir of 700 voices sang under the direction of Mrs. Elizabeth Cochran. The Rev. William F. Rothenburger, addressing the Shortridge high school graduates, drew on the life of Moses, to illustrate his sermon. “To have, to do and to be” were the three verbs chosen by the Rev. Linn A Tripp, of the Church Federation of Indianapolis, as guide posts for the 254 graduates of Washington high school at the baccalaureate exercises in the school auditorium. Services at the Indiana State School for the Deaf were conducted by Dr. John G. Benson, superintendent of the Methodist hospital. Honor day will be observed at the school Tuesday and commencement will be held Thursday morning.

AUTO DEATHS MOUNT TO 51 Mrs. Ed Massey Dies of Injuries Received on Memorial Day. Traffic fatality toll in Marion county since Jan. 1 reached fiftyone Sunday when Mrs. Ed Massey, 23. Anderson, died of injuries ineurred Memorial day. Asa result of another holiday crash here in which two persons were killed, George M. Spencer, 60, Muncie, is held on a charge of involuntary manslaughter. Mrs. Massey died at city hospital, second victim of an accident at

Thirty-eighth street and Sutherland avenue, Homer Leatherman, Ander, having died after the crash. Two other persons, Mrs. Leather-

51

man and Clyde Pigg of Vincennes, still are in critical conditions at the hospital. George McGowan of Anderson, father of Mrs. Massey, committed suicide about two weeks ago. She leaves an infant son, her husband, mother and sister. Arrest of Spencer followed a collision of his automobile with another at Sixty-second street and Keystone avenue, causing deaths of Ralph Whitmire, 20. of 6402 West Washington street, and Miss Margaret Jones. 19. of 862 Eugene street. BEER FUNDS AID CITY Revenue From Sale May Prevent Drastic Slicing of Budgets. Beer money derived from 3.2 sales in the last few weeks may prevent drastic slicing of city department budgets, municipal officials said today. Indianapolis received more than $64,000 in the first cut of the beer funds and this will be used to offset some of the 13.7 delinquency in the last tax payment. A Lost and Found f.d costs only 3 cents a word Four days for the price of three Ri. 5531.

brake of Decatur. 111., in the baccalaureate sermon Sunday at the University Heights United Brethern church. A candlelight service was held Sunday night in the church. The twenty-sixth annual commencement will be held Thursday l morning at 10 in the college gymnasium. Dr. John G. Benson, superintendent of the Methodist hospital. will give the commencement i address. Dr. I. J. Good, president j of the college, will give the degrees j and certificates. Presentation of the senior class play and annual alumni day pro- j gram will be held Wednesday. Miss Darlene Clements is to be Queen of Roses at tonight s revels.

NOW lls the Time to Buy that Really FINE Rug For a long time you (and your friends) have noticed how dull the colors in your living room rug are getting. And the spots worn thin through years of tramping feet! For a long time you’ve been intending to replace the old rug with a REALLY FINE one. NOW IS THE TIME TO DO IT! Prices are going UP! Don’t wait any longer! Come to Ayres’ Downstairs Store TOMORROW .. . and choose from our wonderful stock of much higher priced rugs. You’ll save one-third to one-half on current prices—and after these are gone prices will soar! Just 12 Lucky Homes Will Be Beautified By These 12 Gorgeous Whittall Wilton Rugs Jsilplff A SAVING OF 40% ' You don’t know how lucky we are to be able, to offer such wonderful rugs as KM these, for so little money! Ayres’ Downstairs Store was one of just three stores in the middle west to get an allotment—and only twelve rugs! They are genuine jPffPSfcl “Whittall” worsted, washed Wiltons of the American Oriental type —in beautiful, Oriental colorings and designs. Here’s a rug that will last $1 DOWN Delivers One of Extra Special I americanl I Extra Heavy Quality I j RUG VALUES ORIENTALS AXMINSTERS Axminsters Velvets From Some of Americs’s Discontinued Patterns American Orientals Leading Manufacturers from Mohawk and Others si *!&*■ ‘2D ■ ‘3JM 5 m *2ss! w . 8.3x10.6 and 9x12 Sizes VS.V/Sl available lesomce to obtain We have a beautiful American Oriental at These are discontinued patterns from such enough 41ALIH rugs to offer this outstanding nearly any price you want to pav! $21.9.") famous mills as Mohawk and Bigelow! The type ' au . f ,‘ an J. famous makes are included— $32.50—535.00—539.50! And an amazing assort- of Axminster rug which is woven to ENDURE , . ( V > discontinued patterns-—a few rugs slight- ment 0 f patterns—authentic copies of real Ori- •••di m. thick and luxurious! And it comes in 3 peifeet nit every one a BARGAIN at this ental rU g S> j n lovely, soft colorings. There are a fine assortment of wanted patterns and colorprice A fine assortment of wanted patterns just 1 30 rugs in this great group. Come to- ings. You save more than ONE-THIRD on -Downstairs at Ayres. morrow! -Downstairs at Ayres. them. Limited quantity. -Downstairs at Ayres. BROADLOOM Kgpppgja CARPET REMNANTS ** This English Lounge Type A short Broadloom is almost useless to manufacturer—Bl TIT MAKES \ _ WONDERFUL RUG FOR YOU—and at ROCK-BOTTOM SAVINGS! Every rug ■ —— JV mm■ JL a has high ’ thick ' luxurious pile—in the beautiful plain colors that are so fashionI 111 Cr Vmlllllll 1B ■ able in Indianapolis! They are all of finer, heavier, costlier quality—a!! wool ■■■ V Iff l&igL I m wwl I 1 LYT and seamless! Come early tomorrow for the greatest Broadloom Sale Indianapolis has ever seen. (Note: All rugs delivered with serged ends, ready to use!) Will Lend Luxury to Your Home! J 3.4x12 $11.95 9x15 $39.50 9x4.4 $14.95 3.4x8.10 $2.95 10.6x15 $39.50 12x3.6 $11.95 F° r €s* 11 2.3x6.8 $2.25 10.6x11 $32.50 15x5.8 $19.95 n~I 6x9 $14.95 Bxß $16.95 9x4.3 $12.95 L' nL y 9x11.2 $24.50 9x8.7 $21.50 15x5 $25.00 9x12 $37.50 6x4.4 $9.95 12x5.2 $17.95 This is one of our most popular 2-piece living room suites—and one of the T)nwn nnlivAHt Anv r*C Ttioco Riioc? very finest values! It is built like a “battle ship” —with good, sturdy hard- UOWII ueilVerS Any Ox A lieSe nllgS. wood, where others use cardboard . . . with tempered steel springs, where —Downstairs at Ayres, others use soft iron springs . . . with mothproof southern moss stuffing where others use nondescript materials! Covered with a very fine grade of tapestry m— A. ■ ■— or flat weave mohair. Choice of several colors. /5 WlllOll C3TP©t OSH! pl@S f 59C Deferred Credit Terms to Suit Your Convenience These are samples of genuine “Whittall” Wilton rugs—all of them 18x27 ins. —Downstairs at Ayres. You’ll find dozens of uses for these! Other 1-yard samples at sl.lO and $1.69. —Downstairs at Ayres.

DOWNSTAIRS at AYRES

th:< t ixdiaxapolis times

TUNE 5, I<m