Indianapolis Times, Volume 45, Number 93, Indianapolis, Marion County, 28 August 1933 — Page 2

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LATIN AMERICA TRADE CONTR3L GOAL OF U. S. Congress a t Montevideo May Be Turning Point in Relations. BY WILLIAM PHILIP SIMMS If iwiH F.ditnr WASHINGTON Aug. 23 The seventh Pan-American Congress. IRfennK at Montevideo n December, will mark a turning-point in the economic relations of the western world If President Roosevelt and Secfeta appro-..ii of the si:-ter republics of the Rio t.rande a Par.-American "New Dea. of woilu-virie -igmficance ! be born then and 'here The agenda whl stress economic problems rather than political The United States *a ill drop its roie of sole policeman for "hi. hemisphere The trend -vill b- toward a partnership Anti if tariff problem ■ can be settled to mutual sat: faction, this c intrv will r* • an ir.t rearing share of Latin-American's trade, the bulk Europe I’olii v I ruler Way The President ahead-, has begun hi pohey of good neighbor" to Latm-Ameru an There has been a ne# deal tau and a w dial in the diplomatic posts in that part, of the world. A brand new machine hasjbeen created to prepare for the conference at Montevule*! and Pan-American relation.-, thf reafter K;r t of all Secretary Hull particularli is anxious to bring about what might be railed a pan-Amer-jean rapprochement What with our pohrv rt intervention. Ul-advised . loans to Latin-Amerua dictators and onu times carelessly chosen diplomatic representatives, relations have not always been of the best. Amba. sador Sumner Welles will be recalled from Havana and made assistant state secretary in charge of Latin American affairs. Assistant Plate Sc rotary Jefferson Caffrey will go to Havana. Both nun have had wide experience in this field and botfi have won the contidenee and respect of our southern neighbors \ll Capable Men The five other embassies in Latin An.' nca lik wise are filled by men of high reputation Hugh S Gibson. former ambas ador to Belgium i and representative of this country! at the arms conference, goes to I Brazil. Ait xander Weddell. Rich- ' mond. goes to Argentina: Hal Sevier. Texas, goes to Chile, and Fred Dealing, a career man. i*. is understood, will remain in Peru. Form, r War Secretary Josephus Daniels already is at Mexico City, where he has made a tine tmpiesBion The latest appointments at LatinAn.i rican legations are Leo R. S.ack Seripps-Howard correspondent. here for the iast dozen years, and Meredith Nicliclson. Indiana novelist lie's Morrow Student Sack, born in Mississippi, for a long time lived in Texas He is a student of Laiin-Amencan affairs, and in diplomacy takes ins cue from the late Dwight Morrow, one of the ablest diplomats the United Stans ever *enl abroad. Sack goes to Costa Rica and Mr. Nicholson to Paraguay. Other assignments include She:don Whitehouse to Colombia. Mathew Hanna to Guatemala. Arthur Bliss Lane to Nicaragua. Fay Desportes to Bolivia, and Antonio R. Gonzales. New York, io Panama. Mu h importance is attached to the work of those diplomats each and severally, between now and the opening of the Pan-American conference Theirs will he the crucial job ot preparing the way. Its success or failure admittedly depends upon the work of this new diplomatic machine of the President during the next three months. MODEL HOME CONTEST WINNER IS REWARDED Eugene Jones of Muncie Leaves for Washington Visit. Eugene Jones. IS. Muncie. today is m Washington. D C. his trip being a reward for winning the model home contest conducted by The Times in April Jonc.s. graduated this year from n Muncie high school, plans to visit the Smithsonian institute and see the places where the \’RA is being engineered. He will go to * the Washington News a Scnpps-How-ard paper and make that office his headquarters during his week's visit Jones will look with professional Interest at architectural masterpiece.' such as the capitol and Washington monument, for he ( plans to enter building and engineering work. The mode! which Jones designed and constructed in lus building class at Muncie high school w-as 18x36 inches and weighed fifty pounds.

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Warrick New Secretary of Bankers’ Association

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Don F. Warrick

Miss Forba McDaniel Quits Post for Investment House Job. Don E Warrick. Indianapolis Clearing House Association chief examiner, will become Indiana Bankers Assoeiztion secretary, succeeding Miss Forba McDaniel, resigned. it was announced today. Muss McDaniel resigned to become assistant to the vice-president and general sales manager of PfafT A- Hugh-1. Inc., investment banking house, with offices in Indianapolis. Chicago. Ft. VVavne anti Evansville. She will make her headquarters in Chicago, and will conduct, a study of banking problems with emphasis on investment practices She has served as secretary ol the bankers' association sifice 1024 Warrick will assume his new duties 55c-pt. 1, but Miss McDaniel will remain with the association until OcL 1 in an advisory capacity. Praise for the high character of Miss McDaniel’s services and regret at her loss was voiced loday by Felix McWlyrter. association president. Born in Jasonville thirty-two years ago, Warrick taught school in that vicinity before entering the banking business there in 1925.

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Miss Forba McDaniel

Three years later he became associated With the clearing house bank examination department In 1932 he was given leave of absence to assist in supervising lending of mnnev by the National Credit Corporation of New York to Indiana banks, the same group managed the Indianapolis R F C branch passing on loans to Indiana banks in this federal reserve district. In the last year Warrick has served on the staff of the local chapter. American Institute of Banking, and was instructor in analvzation of commercial credits. SUSPECTS FREE ON BAIL Grand Jury Action Awaited in Postnffico Burglary. At a hearing before Howard Younai United States commissioner, today: James Reagan and Curtis J Stanley, both of Newcastle, were released under bonds pending grand jury action. Both men are alleged to have signed confessions of robbing the Falmouth. Ind , postoffice of $9 in pennies. Two other men implicated in the robbery are serving sentences on the Indiana state farm for assault and vagrancy. They are Wayne and Wilbur Lockridge.

THE INDIANAPOLIS TIMES

ROOSEVELT TO FACE DEMAND FOR INFLATION President Is Expected to Forestall Moves for New Money. BY LYLE C. WILSON. I PrpiN Staff forre*D**dent WASHINGTON, Aug. 28 Early development and application of a definite administration money policy. to synchronize with plans to increase mass purchasing power, was predicted today in well-informed j congressional circles. Intimations of the administrations next move to revive business came as representatives of the congressional inflation bloc maneurered to compel President Roosevelt to create new money during the next session of congress. Political observers were convinced that congress would vote overwhelmingly for compulsory inflation npxt January if prices and purchasing power then are in the same relative position as now Enactment of compulsory inflation was avoided last session only by an administration compromise whereby Mr. Roosevelt accepted the Thomas amendment to the farm bill authorizing, but not compelling, creation of new money. Mr Roosevelt has not utilized those powers. Reports and denials of imminent currency inflation do not alter Capitol Hill opinion that in the early autumn Mr Roosevelt will deal with the money question in a manner that will check the congres- : sional drive. Signs of a congressional inflation storm are flying m the south and west. Administration leaders in congress are convinced that the President will have the question settled long before congress meets or the storm breaks. Tlte direction of Mr. Roosevelts thought appears to be represented Dost by a question which he has asked repeatedly in recent weeks of White House visitors appealing for relief for farmers and others. In j effect, the question is: ‘ How can we get money to the

Whose Brown Derby? What Indianapolis man will be crowned with the BROWN DERBY at the Indiana State Fair on Sept. 7? What man will win the plaque that goes with the derby? Clip this coupon and mail or bring to The Indianapohs Times. Just write your choice on the dotted Une. early and often. f- AUG. 28 + OFFICIAL BROWN DERBY BALLOT To the Editor of The Times: Please crown with the Brown Derby as Indianapolis' most distinguished citizen.

masses so that they will have increased purchasing power?” j Replies hav- covered the enure range of monetary expedients. Many White House advisers were I said to have been in general agree- ' ment that something :-hould be done soon, not only to revive commerce | and industry, but to block possibly ill-advised inflation by congressional command. Informed senators are convinced the President has conceded the necessity for action early in the ! autumn. They predict a synchronized program involving the dollar. ! accelerated public works expenditures. and speedy realization of the i benefits sought from a codification iof business and industry under the , national recovery administration. NAME 'BANK APPRAISERS Weiss Selects Trio for Aetna Trust Properties Calculations. Upon request of Thomas D Barr, special state representative in charge of liquidation of the Aetna Trust Company, an appraisal and ; appointment of three appraisers for ; the trust company's personal property, fixtures, and loans, was ordered Saturday by Pro Tern Judge ! Jacob Weiss of superior court. Weiss named Boyd M. Ralston.

Timothy P Sexton, and William Schihges. appraisers. {Sexton us county treasurer Ralston is a banker and receiver for the Farmers’ Trust Company. and Schiltges head of the trust department of the Fletcher Trust Company. lc A DAY INSURANCE GROWS IN POPULARITY New Low Cost Policy Now Pays Up to Slftfl Monthly Kansas City. Mo.—Officials of the Postal Life <fc Casualty Insurance Cos.. 3984 Congress Bldg., Kansas City. Mo., have just announced that 103.921 of Postal's new low accident policies wpre issued during 1932. This outstanding record, set up during such a year as 1932. is a splendid tribute to the policy's remarkable value. The new Postal policy pays up to SIOO a month for 24 months for disability- and up to SI,OOO lor death Costs less than lc a day—s3so a year. Anyone between 10 and 70 years old eligible; no examination required. S.-nd mi money. lu.i sent! name. age. address and name and relationship of Iteiieti.-iary. The company will send this policy for 10 days' KKKE inspection. This Is a time limited offer so write the company at once.—Advertisement.

DATES ARE SET FOR RED CROSS PARLEY National Officials Will Be at State Sessions Here. The American Red Cross will hold its annual state conference Sept 2h and 29 at the Indianapolis Athletic Club it was announced today by the Rev. G E Jones Noblesvilie. arrangements committee chairman Plans for the annual roll call from Armisrice day to Thanksgiving day. will be arranged at he session, which will be attended by prominent national officials New regulations for war veterans' compensation will be discussed Sept.

Centrally and Ideally w Located ... ■ * •BUTLER • UNIVERSITY Fall semester begins September 18th and 19th. lo “ s shidcnt*. Tuition. SIOO per , the added cultural, edusemester. plus , rational and rerreafoac which nwv Adciition3i be paid in in Information t,onal advantages of a stallments. Write Butl *r large city in addition to University its own campus facil--0 Ities.

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27 by home service secretaries. Fx, pert life savers will give a demonstration, at the club pool during the conference Conference officials Include Eugene C Foster. Indianapolis, program committee chairman: R h, Weesner, Hammond, program chairman for Junior Red Cross acfivtt es and Mrs Hugh McGtbeny Indian-! apo!:>. hospitality committee chairman. __ Do FALSE TEETH Rock, Slide or Slip? F\ST i KJ H II n> w ; r-ath iir-'r i powder . I! rpikf | . „ f lower rl.y r hold. o-Tifrt t!le ian -t .] p - " r 1 "* " .'o g. - • , . . ••** -r foe: n* Mi. - -• r h ... . *n.| pi. ■. it •,. • 1 i ; h • S’ !!••' I - £ g