Indianapolis Times, Volume 45, Number 43, Indianapolis, Marion County, 30 June 1933 — Page 10

PAGE 10

DEBT HOPES MENACED IN LONDON RIFT If Conference Blows Up, Last Chance to Collect Is Shattered. BY WILLIAM PHILIP SIMMS Srrtppi-Iloward Forefrn Editor WASHINGTON, June 30.—1f the London conference blows up, the last remaining hope of ever collecting Europe's $11,000,000,000 war debt to the United States will be shattered by the explosion. President Roosevelt is scheduled to begin anew series of war debt negotiations soon after his return to Washington in July. If London goes on the rocks, as it row threatens to do, it is agreed in diplomatic circles here, it would be jldst as well to call off these negotiations before they begin. The debtor nations, it is asserted, only will come to Washington to say, one after another, that they can not pay and that the fault lies at the door of the United States. United Front Faced Furthermore, they will quote the President’s own words right back at him as one of their reasons for the charge. One of the dangers the United States will have to look out for, the President publicly declared last July, is a united front on the part of the debtor nations of Europe against the United States. “Thus comes, I am convinced,” he explained, ’’not so much from the debts they owe us as from our barriers against their trade which make the problem so difficult. "The debts will not be a problem —we shall not have to cancel them —if we are realistic about providing ways in which payment is possible through the profits arising from the rehabilitation of trade. Postpone Tariff Reductions "The Republican platform said nothing about this, but their position is the absurd one of demanding payment, and, at the same time, making payment impossible. ‘‘Our policy declares for payment, but, at the same time, for lowered tariffs, and resumption of trade which open the way for payment.” The American policy at London, it Is observed in foreign circles here, and even some of the President’s domestic recovery measures, seem diametrically opposed to the Rooseveltian doctrine above enunciated. Tariff reductions not only have been postponed indefinitely on instructions from Washington, but the dollar’s depreciation on foreign exchange actually has added two more formidable barriers in the way of payment. Two More Barriers 1. The fall of the dollar is equivalent to a further tariff boost of 25 per cent against foreign goods. 2. It tends to make for increased American exports, rather than imports. Foreign observers do not pretend to criticise the President’s policy. They merely point out what it means to war debts. It may be exactly the thing needed for domestic recovery, they willingly admit, but its inevitable effect, nevertheless, is

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Gone, but Not Forgotten Automobile* reported to police a* stolen belong to; Wilbur Klugh. 1141 £a*t Market street. Chevrolet sedan. 93-821 from in front of 1141 East Market atreet. Otto 8. Parker. Morgantown. Ind.. Chevrolet coach. 255-567. from Riverside park. Willard Kahn. 1812 Central avenue. DeSoto sedan. 124-584. from Pennsylvania and Washington streets. BACK HOME AGAIN Stolen automobiles recovered bv police belong to; Henrv Tucker 2718 Shelbv street. Chevrolet coupe, found rear of 720 Park avenue stripped of six wheels, six tires, front and rest bumpers and battery. to make the war debts impossible of payment In the light of the President's own logic. Members of congress, cynically inclined, take another view. The foreigners may be right, they concede, but as Europe now has little, if any, intention to pay, one do-mestic-recovery bird in the hand is worth a dozen war-debt birds in the bush.

STORE OPEN SATURDAY NIGHT TILL NINE COME ON, YOU BIG MEN! Strauss has plenty (we said PLENTY) of TROPICAL WORSTED SUITS In Sizes up to 52 Long Stouts Young Men’s . Short Stouts Stouts Regular Stouts etc. They’re tailored, They fit A Special Grouping tMRU ;r sls ad $lO- 75 L. STRAUSS & COMPANY

HIGHER WAGE RATE SEEN IN TEXTILE CODE

Industry’s Proposals for Fair Competition to Be Rewritten. BY RUTH FINNEY Times Special Writer WASHINGTON, June 30.—'The cotton textile industry’s code of fair competition will be rewritten within the next few days as a result of conferences between Hugh Johnson, industrial recovery administrator, and officials of the Textile Institute. At these conferences, administra-

THE INDIANAPOLIS TIMES

tion officials will recommend changes that they believe should be made as a result of this week's hearings. The industry will decide whether it wishes to accept them or not. The final draft submitted by the industry will be reported to President Roosevelt with recommendation from the recovery administration that it be approved or rejected, or that it be approved with certain changes. President Roosevelt has power, under the act, to “impose such contion . . . For the protection of consumers, competitors, employes and others an in furtherance of the public interest” as he sees fit as a condition of approval of the code. If possible, however, the administration wishes the industry to agree, voluntarily, on a code that will be acceptable. Those who have closely followed this week's hearings predict that the following changes will be urged by the administration. Substantial increase in minimum wages. Rates of $lO and sll pro-

posed by the cotton men require that four or five members of a family must work in order to earn a common living. Possible shortening of the proposed forty-hour week, though this is less certain. Provisions guarding against installation of the stretch-out system —requirement that workers operate

I)iinMGainslZlbsL,LMi|y Curvesln 4Wks. TiredMenGetPowerMmazingWinelikaDisEovery! I ' Weak, Nervous. Run-Down Folks Gain Strength! New York Doctor Praises New Discovery Combining a Mysterious “Hormone’* & a With Vital Minerals of the Blood. He tells How Skinny, Pepleas mr '&&§'*' MHpkf* * Peop,e Ga n Weight, Strength, and Fill Out to Healthy Appearance. “ one Dose Brjn S s Happiness.” Tells How New Vigor Is PPPtf Gained, Soft Clear Skin and Warm Feeling of Y juth Through W % Formula That Tastes Like Rare Old Wine, and 4 mb m iE Acts Upon Stomach, Nerves and Vital Blood System. fJKL m Rare Book the “Elixir of Life” Discloses Sensational Factil jA If your "bread and butter" depended ftainc I I Ihe in A Waal#* ||i| your figure, health and your com- u0,,,a 1 1 ** ”CCRS m you wouldn't put up with a thin. 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Phosphorus is a vitalizer of Don tbe embarrassed any more bv a nerves and brain. Together with certain othpr valu- skinnv Weak l>odv or nn lttzlv sirm Firm’t n MM:. €■■■ *">le ingredients—all harmonized—they check constipation hK nui\, weaw oonv or an tlgl\ SKIII. Don t everythin"' you B do d f *Let K vlSovlte'’l h° U v 810 *f st in suffer with dizzy headaches, nervousness. ? JHNhI&IhI ' *' ,Ct 8 b ° Ule lodßV ' w ine-like El?xir° f prov e—on d an Tbsobtte' moneyMany girls write in how ug!v serawnv lines have ba T. R unrantf “ e what jt can do for YOU. - <2 lovely curves Skinniness ews amiz is positively guaranteed in writing that ■■MHHMHHhI ou ck Kness renS? nl p ss you feel ants ook better, after taking KTdipKi.misery and aggravation Just read HA LF the pleasant 1; quid in the large bottle, ■ v these short but sincere letters re- vo !‘. , mav immedlntely return the bn fa nee and The above is Miss Mvnet Andre, charming showgirl of New IT. 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Miss Ruth Rose 3 f mv work.” * V lLv/Ctl DRUG STORES

SERVICE” before 1 0 tonight—paper on street by 1 0:30 a. m.— RESULTS before noon! Start your want ad off bright and early tomorrow in the very FIRST EDITION on sale LOWEST RATES at 10:30 A.M. IN THE CITY With the new arrangement on deadlines for Times Want Ads your ad will appear in ALL EDITIONS on the same day. Your ad, too, will receive the benefit of the JM TmL full impact before ALL READERS of Times Want Ads on the same day... including subySßi urban and out-of-town readers. mmr , Death Notices, Lost and Found Ads and Help Wanted Ads will be accepted as late as 8 A. M. for publication in the 10:30 edition . . . and we will continue to accept them mPPP4 as late as 12:15 P. M. for the Home Edition, . Qua I out at 2P. M. THAT'S SERVICE! TIMES WANT ADS

r an Increased number of machines ; in the shorter work period. Inclusion of some of the classes of | workers now* exempted from opera- | tion of the wage and hour provi- ! sions of the code. Safegards to make certain that workers will not be kept in a conI stant state of apprenticeship, at i wages below the minimum.

JOBLESS MAN ENDS HISJJFEJN CANAL Former Grocery Warehouse Employe Leave* Note to Wife. The body of a man found drowned in the canal at Blackford street Wednesday was identified at

.JUNE 30, 1933

[city morgue today as that of Hal !R. Adams, 53, former grocery warehouse employe, of 2435 Jackson j street, who left home a week ago. 1 Mrs. Rachel Adams, the widow, j identified the body and told police ! that her husband had been despondent because he was unemployed. He I left a note at his home stating that he intended to drown himself.