Indianapolis Times, Volume 45, Number 28, Indianapolis, Marion County, 13 June 1933 — Page 2

PAGE 2

FULL HELP OF STATE PLEDGED TO '6' BANKS Every Possible Assistance to Be Given, McKinley Says in Speech. Pledge that every possible assistance will be given to Indiana Class "B banks by the state banking department, was made by R. A. McKinley, director, in an address today at the opening session of the Indiana Bankers' Association convention at the Claypool. McKinley was to be followed by Myron H. Gray, Muncie, member of the new Indiana commission for financial institutions, discussing ‘‘lndiana's Tax Laws as Applied to Banks.” Several hundred Indiana bankers were present during the convention which will close Wednesday afternoon. In discussing the problem of helping restricted banks to reach Class "A" standing, as a service to their communities, McKinley pointed out that the department also has an obligation to the public and to every "A" bank in the state, adding: "Before these restricted institutions may be allowed to remove their restrictions, they must place themselves in such a position that there is no question on the part of anyone concerning their solvency or ability to meet their contracts. “Only by such requirements, will we be able to continue confidence of the public in our 'A' institution.” Me declared the new banking department is making every effort to live up to the spirit, as well as the letter, of the model new state banking code which will become effective July 1. In this connection, he cited efforts to remove the department from partisan politics, by dividing appointments between the two major political parties and attempt to attract the mast capable examiners for the department, by increasing security

mcs 1' pails9° _■• W#SH - • ; -‘: KPEAT SALE af SUMMER <y i&ii>]!i jfm ALCOHOL f c | |s4" ! *“ A A PmH ** ■ y•;,.- £■ .69 ';W n i<) n s*•• , < hlflfon Regular Hc __ in .. ~ K:;sGtf<*iSl | filL - aspirin :J] \\.Jim mm\ Morcurachrome | B EACH \3M i lODINE ■•P* ijj 1 1 ™i r.„. H p|j Children - . 3-Fo. _ j l N SbHd- HaMj % Toy AH garden a aa c a , tAos MM sets JLaB Hoe. Rake end price. " " MM %iiCL-jS >pade. JOo mI- __!__ > yfrj Second Floor s '" oSSjßsh jwgSpy lji | | _1 j 4 | K* ■ mi .ooi material*. Father's Day-Sun. June 18 WASH SUITS V B 81. liool Off With This Hot Value uM.r noFQQFc; JL MEN’S BRAND NEW NECKTIES Kc SUMMER SPORT ~^7^l twr* a* iT-IPANTS shirts' • a window a ■|\y/ Ibmau 1 Jy 9 c SHADcS JB ZJB B| I J B C SHORTS IMm /2 ,’nd Floor EACH R 1 B M 1 41 I I Men’s Caps SWIM nOe I I i-*~" * a, suitsWT B'•skbs'SKE* :s? Jl^r A SRERSICKF.RS Checks xtnn.T < olor *rmv Actual #1.49 Value ot^-i and Style. to frl.fttt Jk „ i " '*•** c 9 Miiin Floor Ff : T i Main 1* loor Mon’* Ollophano Wrapped I Men’s Leatherette & Felt I MEN’S jm DRES . S c*i A I House I STRAWS Jm aH SH * Slippers \Q C \ * ;i:,:vay c fsncr pattern. I All .lie*. black _ A? I colors. 1933 and .olid color*. I r brown. ~ I *■ Continuing Our Sate of MEN'S SPORT OXFORDS “ENNA-JETTICK” £* l9 ARCH SUPPORT SHOES 15 ' 1p f 2 ., t9 Parchment. Special 400 Pairs W. L. DOUGLASS ■■scar No ‘" A Ever'r* I R,, * ~iar si IaPHT A pair and Sl5O n ir \ value. Sizes m to * a •

Woman Stunt Flier Will Pilot Plane in Air Tour

Mike Murphy (left), Kokomo aviation instructor, and Miss Gertrude Allen, stunt flier and automobile endurance lest driver, who have entered a plane in the allIndiana air tour June 20 to 23.

One of the features of the allIndiana air tour June 20 to 25 will be airplane stunting by Lady Dolores, who, w*hen she is not thrilling crowds and setting records of one sort or another, is knowm by the more prosaic name of Gertrude Allen. Miss Allen, who in 1926 at Chicago won the title "All-American Girl’ because of her health and figure, has entered a plane owmed by the Murphy Flying Service, Kokomo, in the air pilgrimage. For several years Miss Allen won recognition throughout the country

of tenure of office and retaining the most efficient former employes. He praised the work of his predecessor and the old banking department, saying he was amazed they were able to do so much with so little financial support. "They were not allowed to spend a great part of the fees collected, and were hampered as to personnel and authority, but plugged away honestly and persistently,” he said. The program Wednesday morning will include addresses by W. A. Codings. Crawfordsville. association

as an automobile endurance driver, making endurance runs of more than 100 hours, handcuffed to the wheel of her car. She will be accompanied on the tour by Mike Murphy, Kokomo, her original instructor, from whom she is taking advanced flying lessons. Miss Allen plans to entertain crowds at the various stops on the tour with aerial acrobatic performances. More than forty commercial and military type planes are expected to take part in the tour, according to Herbert O. Fisher, tour director.

president; Robert Baton, Marion, commission for financial institutions chairman, and Colonel Max B. Nahm, Bowling Green, Ky., together with reports by Miss Forba McDaniel, state secretary, and Treasurer Oscar E. Lamble, Evansville. Officers will be elected Wednesday afternoon, following a luncheon with Governor Paul V. McNutt as guest, and afternoon addresses by A1 Feeney, state safety department director, and L. A. Andrews, lowa bank commissioner.

THE INDIANAPOLIS TIMES

ASSETS OF NO VALUEFOOND IN DEFUNCT BANK Best Meyer-Kiser Securities Sold, Depositors Are Told at Meeting. Unsalable and, in some cases, worthless securities remain in the assets of the Meyer-Kiser bank after forced liquidation by officers to meet withdrawals, according to Thomas E. Garvin, receiver. Garvin's statement was made at a meeting of depositors in the bank building Monday night, at which a report of the first month’s operation of the receivership was given. More than 200 depositors, headed by Charles D. Babcock, chairman, heard Garvin relate conditions under which the bank was operated by its former officers for five years prior to its close. From 1926 to May, 1931, when the bank closed, deposits of more than $4,000,000 were withdrawn, forcing officers to sell the best marketable securities to meet demands, Garvin said. Bulk in Florida Property Asa result, 90 per cent of the present assets are in mortgage certificates and real estate bonds, the majority on Florida property, according to Garvin. J. J. Kiser, former vice-president of the defunct bank, told the depositors that former officials "feel a deep sense of responsibility to all of you.” "We will do all in ourpporerw r er to help you get a maximum recovery in dividends,” he said. "We have done our best and we have no apologies to offer.” He repeated a previous statement from officials, in which it was declared that the two-year liquidating period, which culminated with the receivership, had shown a profit of approximately $30,000.

Loss Is Claimed Report from the state banking department, which resulted in the appointment of a receiver, shows, how’ever, that $36,000 was added to the receipts of the liquidation by the cash surrender falue of an insurance- policy on Sol Meyer, former president, making a net operating loss of $6,000. Depositors voted against a proposal by Garvin to form a corporation to take over the remaining assets and supplant the receivership in handling the bank’s affairs. A resolution thanking Garvin for his information was adopted, with the declaration that depositors "have received, in one month, information that we could not get in two years w r hen the former officers were serving as liquidating agents.” Hope for Early Dividend Garvin previously had predicted that depositors would receive not more than "25 cents on the dollar.” He promised depositors at the meeting that every effort would be made to declare an early dividend. Other information given by Garvin included the fact that $450,000 in securities is pledged with local banks as collateral on a $250,000 loan obtained shortly before the bank closed.

CITY INSURANCE MAN IS DEAD OF INJURIES Lovell B. Crabtree Dies at Kansas City of Crash Huts. Lovell B. Crabtree, 65, Hotel Linden, insurance agent, died Monday in a hospital at Kansas City, Mo., of injuries received Sunday in an auto accident of Highway 40, near Odessa, Mo. He was en route to an insurance official meeting at Kansas City at the time of the accident. Mr. Crabtree w*as associated with the Kansas City Life Insurance Company. The body is being sent to Edinburg, Ind., his former home. Tentative plans have been made for the funeral to be held there Thursday. Burial will be there. Andrew Gunga, 44, Gary, Ind., and Frank D. Brew’ster, Berne, Ind., w’ho were riding with Mr. Crabtree at the time of the accident, w r ere injured. Mr. Crabtree drove his machine into a ditch to avoid hitting a parked car.

I Tomatoes. String Beans. Butter I Noodle, Mashed Potatoes, Bread I § jib and Butter 25c I

LADIES FREE TONIGHT Riverside's New Dance Palace Gentlemen—Admission 10c Before R:SO

AMUSEMENTS All Comedy Show More fun than a MONK W ATSON 3-rin* clrcnst and “Spud” GEORGE ba L. Aba now g SIDNEY GGSS and and BARROWS CHARLIE DAILT and MURRAY LaMABB in their late*t LOWE and HITE “THE COHENS W TORNEV AND KELLYS IN GIRIJS troubleI NEXT FBI DAY— I POLK and DOT WFBM Radio Favorites in Person I

nfflwtni

Lupe Not Mad at‘Zhonnee;’Oh, No, No, No, No!

BSi BS&SSi

Lupe Velez

By United Press LOS ANGELES, June 13.—"Eet ees not so —that I have quarrel weeth Zhonnee. Pay no attantion to eet.” Thus did Lupe Velez today scotch the rumor that Johnny Weissmuller, champion swimmer and movie Tarzan, was the latest of her dead loves. Weissmuller was at the airport to meet the peppery little Mexican star, who just has terminated a musical comedy engagement in New York. Miss Velez was the first passenger to make the westward trip on the new r United Air Lines-Western Air twenty-one-hour flight.

MILK PRICE MAY BE FIXED HERE TONIGHT Federal Chiefs May Be Asked to Take Hand, Townsend Says. Price of milk in Indianapolis may be determined tonight at a joint meeting of committees of producers and distributor to be held at the statehouse. Lieutenant-Governor M. Clifford Townsend will preside and the public may appear, but not participate. Following the first joint meeting of the committees Monday, Townsend said that unless a “fair price” plan is developed, the federal government may be called in to dictate. Such power now is lodged in the federal administration under the agriculture control bill, he pointed out.

MOTION PICTURES hebt What Price Must a Woman Pay for a Man’s Freedom? “COCKTAIL HOUR” With BEBE DANIELS RANDOLPH SCOTT

Ann Harding I Robt. Montgomery I In Metro-Goldwyn-Mayer’s Hit I “WHEN LADIES MEET” with Myma Loy Alice Brady—Frank Morgan SrA*£ T kTc V CfllD fJ MADGE EVANS in ‘THE NUISANCE’

COMFORTABLY COOL.. .WOT COLD APOUOf WHERE BIG I’tCTtBES PLAY James DUNN Sally SILERS HOLD ME TIGHT NEXT FRIDAY A Naughtleai-Nutty cal Musical. “MELODY CRUISE" With Charlie Buggies—Phil Harris and Forty Maddening Maidens

NEIGHBORHOOD THEATERS

■■■PVVVV Talbot at ?tnd St fclNFimilv Site ■■■■■■■■■■ Bill Word “MEN OF AMERICA" PPWWW W. Wash, and Bet Wt IM Familv Nite Recis Toomey "STATE TROOPER*' Collere at Noble I I 1 Familv vite BmUUJKSBaI 1V L 0 *" BlondeU •BROADWAY BAP" Comfortably Cool jsnssa Double Feature—Maurice Chevalier “BEDTIME STORY” Monte Blue-Lila Lee “OFFICER 13”

MICHIGAN LAD ADMITS KILLING RICHJMTHER Balfe MacDonald, Captured, Confessing Slaying With Bookends. (Continued From Page Onel sity of Michigan where she was a student when her mother was slain. Gwenlaurie is enrolled at the University of Southern' Caifomia in Los Angeles. Balfe’s mother made every’ effort to provide him with an education and an interest in life. In school Balfe had a very’ few close friends. He was rich and drove expensive cars. His marks were often failures. He was not approachable, his teachers said, and seemed to resent their efforts to help him. Finally his mother sent him to Cranbrook, an exclusive school in Bloomfield Hills, Mich. Here he was sent home in June and asked not to return. The headmaster .said the boy refused to participate in student activities and described him as "antisocial.” Balfe was sent to other schools, including two military academies, but he ran away from them. Often when Balfe was reprimand-

for Brides of Today! Or Yesterday! USE YOUR CREDIT—j\o Carrying Charge Bedroom Kitchen A Pleasing §jg ' Dinette Group Free Delivery Over State 6 Pieces *29 Everything needed to start 6 PieCeS gar e Sr I ’ e c7bin ,B lnd°a Just designed tor the small dining breakfast tabie and , chairs. PURCHASE ANY ROOM SEPARATE 32-36 South Illinois Street

June HQ 17S6*Win?i£kl Scott general UY. Army, Li7S-Thomas Yourt£, JjhyXicist, bom IMI-First Canady cgpcnaiat Ottaioa.l£76*first railroad. in China c*>cm\l. lfc/S-FiTtSt Chinese / iraiuroaid timetable \[ figured out.

ed by his mother he was known to have wept on her shoulder, begged her forgiveness and escorted her to her room with his arm about her waist. His latest ambition had been to make a trip with a companion* to California. This his mother would not approve. Police officers told of thier being called to the home one night recently on a report that Balfe had threatened his mother. Detective Charles Raab often was called to handle the boy, and as often succeeded in effecting a reconciliation between him and his mother.

JUNE 13, 1933

BUSINESS GAIN REPORTED BY REALTY FIRM May One of Best Months in History, Hall-Hottel Cos. Announces. May was one of the best months in history of the Hall-Hottel Company Inc., realtors. 912 Fletcher American building. President M. L. Hall reported today in announcing a number of deals closed by his firm. He reported sale of four modem houses in Indianapolis for cash. One was a three-bedroom, brick veneer bungalow at 516 East Fifty-fourth street, purchased by Mr. and Mrs. Robert J. Tansey from Mr. and Mrs. Raymond W. Retterer. Mr. and Mrs. William N. Fender sold a five-room brick veneer bungalow, 6030 East Ninth street, to Mr. and Mrs. J. B. Clemens. Mr. and Mrs. Fred Armitage have purchased a frame cottage at 1019 North Euclid avenue from Mr. and Mrs. Dallas D. Terrell, and Mr and Mrs. Ernesto Della Penna bought a brick veneer bungalow at 544 East Fifty-eighth street from Mr. and Mrs. Paul C. Schaaf. Hall also reported sale of a stucco bungalow’ at 3401 Guilford avenue by Charles R. Yoke to Mr. and Mrs. Robert M. Stith.