Indianapolis Times, Volume 45, Number 22, Indianapolis, Marion County, 6 June 1933 — Page 2

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DEBTS APPEAR LONDON PARLEY SUCCESS KEY ‘Hard-Boiled' Brilons Will Be High in Saddle at Economic Gathering. Di*tiriEui\h*d While Hnuw visitor* from overseas frank!* admitted the f,ondon ronferente would either make or break economic rero\erv—that failure xould likelv lead to world rhaov ma he b’oodshed. ThU i% the neronri of a aerie* of artirl on that nubject. Bl' WILLIAM PHILIP SIMMS Srrit)p-Ho*ard Foreign Editor WASHINGTON, June 6.—The war debts are taboo at the world economic conference v. hich meets next Monday in London. But they probably will decide the fate of the parley just the same Europe's $11,000,000 war debt to this country said Raymond Moley. assistant secretary of state, is not a matter to be traded against other matters at London, but essentially is a question to bo determined in individual consultation with the countri.; concerned. President Roosevelt holds the same view. Most of the various matters involved at London, he asserts. ran be adjusted to the mutual satisfaction of the various nations involved, and the settlement of another. Thus, so far as Uncle Sam is concerned, the war debts are out as something to be discussed at London, though it is agreed they “might be discussed concurrently,” here or elsewhere. British Contest View That the war debts have nothing to do with the general world economic situation—or at least the European-Amcrican situation —is hotly contested by tine British. Prime Minister Ramsay MacDonald and President Roosevelt, it irtrur, got along famously during Mr, MacDonald’s White House visit. The British premier is idealistic and humanitarian. But it will be the realistic and thoroughly hard-boiled Sir Neville Chamberlain, chancellor of the exchequer, who will dominate the British delegation and not MacDonald. The premier simply will preside over the conference, and be the liberal front for his delegation oi Tories. Sir Neville is an out-and-out can- ! cellationist. In tariffs he is an imperial protectionist. He holds that j until the war debts are settled—and by that he means cancelled or the next thing to it —Britain will not return to gold, stabilize sterling, or enter into any binding monetary or economic agreements such as are contemplated at London. France to Back Britain Tlie French hold pretty much the same view. They, too, insist upon debt revision to a point approaching cancellation. And while they are uneasy over France's position as the only great nation still on gold, and so desire stabilization of the dollar and the pound, they, nevertheless, will back Britain as against America in the matter of debts. Thus, while the debts are not even mentioned on the London agenda, they seem to be the key to the con- j ference. Unless and until some j understanding is reached thereon,

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HERE'S HOW TO CAST YOUR VOTE IN REPEAL ELECTION

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For Ratification | —| V. M. ARMSTRONG ! —j WM. A. ATKINS —j ROBERT L. BAILEY r~j LILITH M. BAUR I —| BERTHE BORN j —j SILAS J. CARR j —l LEORA CHAVERS ' — ; AUGUSTUS COBURN

Here is how your ballot looks teday, and here is how to vote: To repeal the eighteenth amendment, put a cross in circle on the left which is “For Ratification.” Dry voters, opposed to repeal, should cross the middle circle above, which is “Against Ratification.” No cross should be placed in the third circle labeled “Written Ticket,” but names not appearing on the ballot may be written below the circle and marked for or against ratification, but not both. And only by those not voting in either of the other columns. The eighteenth amendment must

there is every prospect of a deadlocked parley or postponed decisions —so far, at least, as the major objectives are concerned. With Sir Neville on the British delegation, will be found Viscount

,•*--* I *'- _

Against Ratification "j WALTER S ATHEARN —J HOWARD ANDERSON ~j ELIZABETH CLARENCE G. BAKER JOHN G. BENSON j~J F. O. BELZER —| HENRY H. BISHOP Q BARBARA E. CHRISTENSEN

be repealed by adoption of the twenty-first amendment, so wet voters must vote “for ratification” if they want the eighteenth amendment repealed. Working under the handicap of the year’s hottest day. both the wets and drys today were toiling to get out the vote. Mrs. Meredith Nicholson Jr., shown with her children, is a leader of the anti-prohibition forces with headquarters in the old Pettis building on East Washington street. A leader of the drys and a delegate to the repeal convention is Mrs. Adelene McKay, shown in the other photo.

Hailsham, secretary for war; Sir John Simon, secretary for foreign affairs, and Walter Runciman, president of the Board of Trade. Than this, it would be difficult to find a stronger, more stubborn, or a more nationalistic group in all Britain. Hailsham is a Tory of the old school, with a bulldog complex. Sir John and Runciman are national liberal high tariff advocates. The former will give American nothing unless America fights for it to the last ditch and, it will be remembered, the latter was one of the framers of the empire trade pact at Ottawa last summer—a pact designed to shut out the rest of the world from British markets. There is not an idealist in the lot. The American delegation, led by Secretary of State Cordell Hull, will have its hands full dealing with them. The most sensationally humanitarian plans Hull could offer will not bring the slightest gleam of response to the eyes of Chamberlain and his delegation unless Britain gets her quid pro quo in the process. Next: Fear Will Sway London. STUDY SECURITIES BILL Roosevelt Talks Interest Rates With Senator Bone, Ry Vnitcd Press WASHINGTON, June 6.—President Rcoosevelt and Senator Bone i (Deni., Wash.) today discussed leg- i islation providing for refinancing at a lower interest rate of $6,000,000,000 | worth of government securities. Bone said that the President as- ! sured him his resolution authorizi ing such refinancing would be con- | sidered carefully.

ADDRESS GIVEN WRONG Convicted Thief Lies to Court, City Man Informs Times. James F. Hammett, 413 Highland ■ avenue, today said that his address ' was given in municipal court last week as the residence of a prisoner j who was convicted of theft. Hammett said he had lived at the address ten years and does not know the prisoner, Fred McGarrahan, 57. McGarrahan appeared before Judge William H. Sheaffer. Asthma and Hay Fever Disappear Like Magic! NF:w MONEY-BACK IJKMFOY AFf'orus tjt ick kf:i.if;f. Calafo liquid reli< v*s the ilistressint: symptoms of Asthma and Hay Fever or | money hack. No questions—you are J judge. Calafo liquid, a different reiu- j edy. promises you relief. You breathe j freely sleep all night—regain health: j The distressing symptoms disappear, j Don't suffer longer— try Calafo liquid, j si.OO Hook Dependable Drug Cos., and. i other druggists.—Advertisement.

TO | KINGI t ItmatJ ■ SEE FRIDAY’S TIMESi

THE INDIANAPOLIS TIMES

// Do not 'vl If mark in ibis \ If circle Write the \\ II name? of candidate* Jl V helow to right of ft the squares JJ

Written Ticket

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ST. JOHN ACADEMY WILL GRADUATE 51 Bishop Chartrantl to Deliver Address at Commencement. Seventy-third commencement exercises of St. John academy will be held in the Knights of Columbus auditorium Wednesday night. Fifty-one members of the senior class, the largest graduating class in the history of the academy, will hear the Most Rev. Joseph Chartrand, bishop of the Indianapolis diocese, deliver the commencement address. The following will receive displomas: Margaret A. Alerding, Helen F. Aust, Marie Compton. Grace E. Cooper. Margaret Coyle. Helen Josephine Custard, Elizabeth S. Bell. Beatrice R. Cecil Ruth Josephine Theodore Davis, Gertrude J. Dean. Marinell Dever, Josephine Teresa Dillon, Dorothy Alice Duffv, Margaret A. Egan, Kathryn R. Feeney, Edna Martha Flick. Mary K. Fischer, Julia Geis, Dorothy Helen Greenen. Catherine B. Griffin. Frances Pauline Hand, Dorothy Holzapple, Mary Kathryn Kuil, Rose C. Lauber. Frances M. Lipps, Catherine Anna Logan,' Virginia M. Luce, Nora Eileen Lynch, Margaret F. Manning, Marguerite Ann Markey. Kathryn C. Marren, Margaret Meri, Winifred Mullaney, Agnes Mulryan. Evelyn Frances Murphy, Anna E. O'Connor, Margaret P. O’Gara, Roberta Reed. Rosemary J. Ryce, Margaret Mary Schultz. Delia Frances. Geraldine Welsh, Anna Werner. Mary Catherine Werner, Ann White, Rose Mary YVoerdeman, Eileen Frances Yanzer, Catherine M. Yelton and Angela Zimmer CHUCK WIGGINS FREED Heavyweight l’ugilist and Brother-in-Law Discharged by Judge.

Charles (Chuck) Wiggins, pugilist, and his brother-in-law, Robert Moors, 34, of 2229 North Alabama street, were discharged Monday afternoon by Judge William H. Sheaffer in municipal court four for want of prosecution. Both were charged with assault and battery with intent to kill, Moors having admitted to police he shot Wiggins when the pugilist attacked his wife, who is Moors’ sister. None of the principals would testify against each other. DEFER TAXI ORDINANCE Fare Regulation Measure Put Aside by City Council. Members of the city council Monday night deferred action on ordinances to regulate taxi fares and to establish S2OO license fee for itinerant poultry dealers. The ordinance providing for transfer of $3,777.62 from the 1932 balance to various city funds was passed. The name of Jones street will be changed to West View drive from Lee street to Belmont avenue if another ordinance introduced is passed.

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LICENSE PLAN RESTORED TO REVIVAL BILL Recovery Measure Will Be Up for Debate in Senate Wednesday. (Continued From l’age One) section to raise the $220,000,000 needed to pay interest and sinking fund charges on the $3,300,000,000 public works bonds authorized by the bill. Its tax plan, expected to raise $227,000,000 annually, includes the following levies: 1. A tax of 1-10 of 1 per cent on the net worth of corporations, as declared by them. In order to assure true valuations, and to force a corporation not to undervalue its worth, a provision is appended taxing at 5 per cent all profits in excess of 12 1 2 per cent on the declared net worth. This, a combination of an occupational or license tax and an excess profits tax, is expected to yield $30,000,000 annually. 2. A tax of 5 per cent on corporate dividends to be paid at the source, with no exceptions, expected to yield $70,000,000. 3. An additional ’i-cent tax on gasoline; yield, $62,000,000. 4. An increase from -ii to 1 per cent of the penalty for filing of consolidated returns by corporations, and extension of this penalty to cover the taxable years of 1933, '34 and '35. 5. Three additional administrative changes to plug up holes in the law, these having been revealed in large part by the J. P. Morgan & Cos. investigation. Fisrt, the limitation on stock and bond losses is amended to provide for no carry-over into succeeding years, the loss having to be taken in the year sustained; second, elimination of private bankers from those excepted from the stock loss provisions; and third, elimination of the present right of partnerships to distribute stock and bond losses among partners. These, and

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the increase in the consolidated returns penalty, are expected to yield $15,000,000. Thus, the senate committee has eliminated those parts of the house tax program which raised the normal income tax rates, subjected dividends to the normal taxes, and raised the gasoline tax to \ cent. It retained, however, the house provision which prohibited carrying net losses over into succeeding taxable years to be charged against mI come of those years. STATE'S GROWING CORN IS IN GOOD CONDITION Fields Never Looked Better, Says Grain Association Secretary. Growing corn is in good condition in Indiana despite late planting due to a long wet period, according to B. B. Benner, secretary of the Gentral States Grain Association. “Wheat fields never looked better,” according to Benner, except in the extreme southwest section of the state where floods caused damage Normal yield is forecast, but the acreage this year is under that usually seeded.

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NONPARTISAN ' PRESS NEEDED, | EDITORS TOLD Independent and Fearless Papers Are Lauded by Beck at Convention. An independent press, fearless to print the truth, was laid before delegates at the National Editorial Association's convention, at the Claypool today, as one of the country's greatest needs. “I wish there were more nonpartisan newspapers,” asserted Thomas Beck, editorial director of Collier's and Country Home. “We need newspapers that can sponsor good causes and attack tilings that are bad. And I think the tendency now is and will be for less partisan publications." Speaking on The Story's the Tiling.'' Beck kept a large crowd S editors an dpublishers interested

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| while he told how to appeal to the reader. ‘ When you have independence in a publication, you can change your pace, have showmanship and be i different from day to day." Delegates returned to the Claypool at 10:30. after a trip to Franklin I where they paid tribute to W. w Aikens. who has served fourteen years as the association's secretary. 1.. M. Nichols of Bristow, Okla , legislative committee chairman, read a report on the association's legislative program. He declared proposals to make the publisher equaly responsible with the advertiser who advertises fraudulently is opposed vigorously by the association. “This association has been working several years to make radio subject to the same restrictions imposed on newspapers." he told delegates. After a lengthy discussion from the convention floor Monday afternoon. Justus F Craemer, of Orange, Cal., association president, named a committee to study status of newspapers under the control act. Effect of minimum wages and maximum working hours on the labor set-up of small newspapers will be investigated by the committee.