Indianapolis Times, Volume 45, Number 71, Indianapolis, Marion County, 2 August 1933 — Page 7

AUG. 2, 1933

NRA OIL CODE FACES FIGHT BY BIG PRODUCERS Large Section of Industry May Not Raise Wages If No Price-Fixing. BY M\RSI!,\!X M’NEIL Timr*. •'pmal Writer WASHINGTON, Aug 2 Th*> definite threat tha* a iarge segment of the pe'roleum industry will not meot increased laoor costs unless government price-fixing is invoked fared the national recovery administration today as its oil code hearing entered another .session. This challenge va. delivered to Administrator Hugh Johnson by F B Reeser of the Barnsdall Corporation. who indicated he spoke for 2.000 (too • u-,( kholders in lus and other petrol* um companies Genera! .J> hn-on, who abhors the thought of government price-fixing, and who declared his opposition to the idea time and again at Tuesday night s session. heard Reeser. flushed a d<ep brick red. and quickly adjourned the session until 2 ji m. toda - . The Barnsdall executive, joined by urh men as K P Kingsbury, of Standard of California; Wirt Franklin. Oklahoma independent; Harry Sinclair and numerous marketers, is said to reprint, m his price-fixing views, about 25 jxt cent of the petroleum industry. Doubt if Plan Will Work General Johnson is ennvinred. he told Tuesd.r. nights session, that government prire-fixing of oil is not economically sound. He said he knew of a hundred instances where it had failed. H.s way around this problem is to control production, holding that if .his is done, the price situation will rare for itself. Rut oil men on Rorsrrs side say the old la 1 oi supply* and demand has not and will not work in the >tl industry, and that unless the government guarantees sufficient return for petroleum and its products. tiie industry can not assume the bill of more than $300,000 000 annually involved in the minimum wage and maximum hours labor schedule proposed in the NRA oil code. Yf General Johnson has on his side urh men as Walter Tragic, president of the Standard of New JriM't C B. Ames, president of the Texas Corporation; Bill Parish, formerlv of Humble and now with the Standard of Jersey and many others. Confusion at Session In the inmost confusion, with oil men. newspapermen and spectators crowding upon the small stage of tlie United States Chamber of Commerce auditorium. General Johnson Tuesday night started reading of his oil code, suggested when the industry was finable to agree. 1 abor sections, which proposed higher rates of pin than the original roll’ of the American Petroleum Institute, brought lorth little discussion. The production phases were combated, but the difference between NRA the majors and the independents were not regarded as insuperable obstacles to final agreement. The Johnson plan would have the federal government fix. in effect, production quotas for states, permit stales to produce as much as they please, but stop interstate or foreign transportation of any excess. The independents, whose views generally were represented by E. o. Thompson of the Texas railroad commission, want the federal government simply to suggest production quotas to the states.

SPEAKER AT ASSEMBLY Rev. I. .1. Cahill to Address Bethany Park Disciples Gathering. Three addresses will be given this week at tile Bethany Assembly being held by Disciples oi Christ churches

at. Bethany Park. Brooklyn. Ind . by the Rev. I J Cahill. United Chr is ti an Missionary S o c i e t y first vice - president. He will speak at 930 a. m. and 7:30 p. m. Thur - day. and at 11 a m Friday. The missionary society with headquarters here, is the largest institution of its tviie in the world

and conducts missionary, lienevolrnt and educational work in the homeland and ten foreign countries. , This year marks the fiftieth annual observance of the Bethany Assembly, which began July 29 and will close Aug 13 In the etTort to establish ramip fiber as a source of American textiles. chemists in Louisiana have worked out a chemical method for removing the outer bark without injinrv ti-..- :ib, :

WHY MOTHERS n GET GRA/ / I

Constant teasing is one reason *li\ mothers, and lathers, g.t gray! Why give members of your family a chance to tease for ' Out Our Way,” when you're all on vacation? Cal! the circulation dP partment, Riley 5551. and have Hie Times mailed to you l

Elliott Never *.Popped the Question , ’ He Says

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A picture of happiness Elliott Roosevelt and his bride, the former Miss Ruth Gcogins. on their honeymoon in the home of the bride s mother at Ft. Worth. Tex.

Wedding With Texas Girl “Seemed Understood,' He Declares. FT WORTH. Tex. Aug. 2. Elliott Roosevelt, honeymooning son of the First Family, never did formallv pop the question” to his brunet bride when she was Ruth Gong ins. "It was just a sort of understanding." the big. blonde son of the President confided here, as he and his slight, dark bride sat holding hands in the spacious home of the bride’s mother. Mrs. J R. Googins. "There wasn't anything definite until I got to Chicago Thursday, July 20. he said. "I don't remember ever asking Mrs. Roosevelt to marry me. Os course when we met in Dallas last March there was a strong attraction." I.ike the Same Thing "We liked the same books and athletics." the bride put in smilingly. "But to say it was love at first sight that's something like a platitude, isn't it?" It was while on the way to Arizona last March for a taste of ranch life with a friend. Raymond Hitchcock, that young Roosevelt stopped over in Fort Worth to attend the Southwestern Exposition and Fat Stork Show Rodeo. C. R. Smith, southern division manager for American Airways. Inc., gave a party for the President's son. Among the guests was Miss Googins. debutante daughter of a well-known Ft. Worth family. "Said It With letters" Only a week later young Roosevelt was on his way west How lar had the romance blossomed? Did the new sweet hearts say it with

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Dr. Cahill

letters"? They answer such queries with smiles. Two months later Elliott Roosevelt returned to Ft Worth for some dental work, and remained two weeks. There were ‘‘oh. four or five dates." the bride confesses. Then Roosevelt returned to his job with an airline in Los Angeles Daily letters passed between the pair. Before long. Elliott Roosevelt was establishing residence in the Nevada . mountains, and after the required time had passed, his divorce from Elizabeth Donner Roosevelt was granted in Minden, New The next day the big, amiable son of the President flew to Chicago. 1 where Miss Googins was staying at the fashionable Windemere hotel with her mother. We had a dickens of a time getting the relatives together in time for the wedding," the bridegroom laughs. A few days more in Ft Worth and then the couple will drive to Los Angeles, where the bridegroom hopes he still has a job with the airline. Allied Florists Picnic Allied Florists of Indianapolis were to picnic this afternoon at Broad Rippb park. More than five hundred persons were expected to attend Miss Rose Brnndlein was chairman of the committee on arrangements. Ralbo Delays Ocean Hop tin I nit* ts ft i st SHOAL HARBOR. N F , Aug 2 j General Italo Balbo. commanding Italy's seaplane fleet en route home after a visit to the United States, i decided today to postpone the take off on a 1,950 mile flight to Valentia, 1 Ireland.

THE INDIANAPOLIS TIMES

BIGGEST CASH BALANCE NOW IN TREASURY Reserve Amount Greater Now Than at Any Time in History. ißy f ii’*• 'I Pr * HYDE PARK. N. Y„ Aug 2.—The federal government has a larger cash balance on hand than at any time in its history, it was announced today at the summer White House where President Roosevelt is vacationing. President Roosevelt appeared greatly cheered by the news from the treasury department in Washington concerning particularly the heavy oversubscription of federal bonds and certificates.

SOCIALIST SPEAKER

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The Rev. W. A. (’reason The Northwest branch of the Socialist party will be addressed at 8 Friday in their hall, Eugene street and Northwestern avenue, by the Rev. W. A Creason. former pastor of the Home Presbyterian church.

* * * * * : ik ■ * * * * * * THE STORE MEMBERS OF THE -K K IVlerchants Association of Indianapolis have pledged themselves to complete co-cperation with the National Recovery Administration under the Retail \ Code approved by the President. * The Merchants Association ★ Indianapolis L. S. Ayres & Cos. House of Morrison's, Inc. The Wm. H. Block Cos. Rink's Cloak House, Inc. Banner-Whitehill Rost Jewelry Cos. Colonial Furniture Cos. Sander & Recker E. J. Gausepohl & Cos. - Furniture Cos. Hartman Furniture Cos. Sears - Roebuck & Cos. Kahn Tailoring Cos. The Star Store Paul H. Krauss Cos. Stewart's, Inc. The H. Lieber Cos. L Strauss & Cos. # Marott Shoe Shop Vonnegut Hardware Cos. Charles Mayer & Cos. Julius C. Walk & Son, Inc. L. E. Morrison & Cos. H. P. Wasson & Cos.

$200,000 PAID TO KIDNAPERS OF MILLIONAIRE Huge Ransom Sum Gains Release of Wealthy Tulsa Oil Man. By Vnltrrl /><-• TULSA. Okla., Aug 2—The family of Charles F. Urschel. millianaire oil man. paid $200,000 to obtain his release from kidnapers. John C. Catlett. prominent politician who served as intermediary, said he understood today. Catlett said he could not be positive of the figure, but knew it was very high The ransom was paid in Kansas* City Sunday night. Catlett said. He was understood to have been selected by the family as the contact man after a report was received from the kidnapers' agent in Kansas City.

NRA SPEAKER

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1.. F. Shnttleworth Mass meeting of Indianapolis retailers and other business men in connection with President Roosevelt's NRA program has been called for 8 tonight at the Claypool by L F Shuttleworth. AKociated Retailers of Indiana piTsicJent. and Indiana NRA district Advisory board members

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CITY MOVES TO RESURFACE ALL BLOCK STREETS All Paving of This Type to Be Eliminated in 1934 Program. E\ery wood block street in Indianapolis will be eliminated under the tentative 1934 program laid out today by the city works board Repairs on wood block streets this vear have cost more than Sin 000. board members estimated With every storm of any intensity, the wood blocks have been washed up and extensive repairs made neeesj sary "This is like pouring money down a sewer." said Walter C Boettcher, j works board president "This dram on the public works funds has got to stop and will be stopped