Indianapolis Times, Volume 45, Number 103, Indianapolis, Marion County, 8 September 1933 — Page 4
PAGE 4
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THE INDIANAPOLIS TOTHS
U. S. BANKERS' CODE ADOPTED AT CONVENTION Wage, Hour Proposals Are Drawn for Approval of • President. BY WILLIAM F. SULLIVAN, t nitrii Press Staff Correspondfnt CHICAGO. Sept. 8. America's bankers Thursday adopted a* permanent code covering wages, working hours and conditions for their employes and policies and principles "in the operation of their instituj tions. ■ The code was adopted at the final session of the American Bankers' Association convention shortly after the leading bankers of the nation ; listened dubiously to Comptroller of i the Currency James F. T. O'Connor defend the guaranty deposits provisions of the banking act of 1933. In the same hall Thursday, the convention adopted unanimously a resolution condemning the insurance of deposits as "unfair" and de- | claring that if placed into effect on Jan. i, next, it would force the closing of thousands of oanks. Postal Savings Law Opposed Only once did the financiers unj fold their arms to applaud the remarks of Comptroller O'Connor who had come as the administration's spokesman from Washington. The hand-clapping was occasioned by the speaker's statement that “the postal savings law should be repealed.” Bankers are hopeful this repeal will be accomplished. The code, which will become effective on Oct. 1 if approved by the President, grants the right of bank employes to organize for the purpose of collective bargaining I through representatives of their own choosing and that employes shall not be forced to join company organizations. A public hearing will be held Sept. 18 in Washington on the code. Maximum working hours for city bank employes will be fixed at forty hours a week averaged over a thirteen-w'eek period and at fortyeight hours a v ? eek in rural communities for a period not to exceed sixteen consecutive** W'eeks in any calendar week. Minimum Wage Fixed The minimum liimt in cities of over 500,000 population W'as fixed at sls a w r eek; in cities of 250.000 to 500.000 population at $14.50 a week: in cities of 2.500 to 250.000 population, sl4 a week. In towns of less than 2.500 population, wages of all employes are to be increased 20 per cent,, providing the increase does not exceed a sl2 a week minimum. The code exempts all employes receiving $35 a week or more, and night watchmen. The bankers pointed out it xvould not be safe to change watchmen during the night hours. Interest rates, subject to federal reserve bank regulations, must be uniform within groups, excepting mutual savings banks. The interest rate recently w'as set at 3 per cent maximum, with no interest on demand deposits. Hours Are Established All national, state and savings banks and companies accepting deposits wdll come under the terms of the code. Under provisions for fair trade practices, the code provides that banks of the same kind must establish uniform hours of maximum operation. Banks would be permit- j ted to operate at less than the maximum hours providing no reductiop is made in the number of employes. Clearing houses and similar organizations within state, country or other districts, shall adopt uniform rules on service charges.
* It Starts Tomorrow ★ TIMES RENTAL WEEK September 9th to 16th If you are among the hun- During these 7 days of rendreds of Indianapolis resi- tal activity the most de- . dents planning to move sirable vacancies in all during the next few weeks . parts of the city will be and have not selected your listed for your selection, new 'apartment, home or We suggest that you make room, be sure your choice to. read the i early in order Rental Ads in Tmic* to avoid disThe Times dur- Tree A;” a p p o intment in g “TIMES , lat e r in the RENTAL Activity Thai season. This is WEEK,” start- Will Re Profitable renting time. ing tomorrow. To Those Having Rental Ads In The Times , PHONE Rl-5551 Be Sure to Read the Rental Ads Starting in Tomorrow’s TIMES *' h " *
STATE’S BEST BAKER
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The best cake baker in Indiana. That is the title held today by Mrs. Chester Davis. Jonesboro, whose light fruit cake, shown above, was sweepstakes cake winner a the Indiana staet fair.
MARE WINS IN 3-GAITED OPEN Oklahoma Horse Victorious in Principal Event of Horse Show. Principal event at the Indiana state fair horse show Thursday night, the three-gaited open stake tor the best stallion, mare or gelding. was won by Virginia Highland, owned by G. A. Nichols, Oklahoma City. Okla. Second place was taken by AllAmerican Girl, entered by John M. Ogden. Atlanla. Ga„ w'hile Mis. A. C. Thompson, Chicago, was third with Fighting Chance. The Culver alumni polo team defeated the Stable Inn team. Franklin, and the two teams will meet again tonight. Other winners Thursday night included: Heavy Harness Tandems, 152 and Over — Mrs. Thompson. Chicago, first; George J. Peak & Son, Winchester, 111., second and third. Roadster Pairs With Appointments R. C. Flanery. Kansas, 111., first; Peak, second; George Snedden, Tulsa, Okla.. third. Five-gaited Combination Harness and Saddle Horses—Nichols, first; F. C. Whitehouse, Columbus, second, and Ogden, third. Ladies' Saddle Horses. Ridden by Lady G. A. Nichols, first: Mrs. M. H. Fuller of Indianapolis, second, and Mrs. S. C. Monre. Frankfort, third. Rest Three Horses in Harness. Owned bv Exhibitor Mrs Thompson, first; Peak, ■second and third. Hackney Saddle Pony Audrey L. Pugh. Indianapolis, first; Merrill and Clarence Hole, Muncie, second and third. Lightweight Hunters. Carrying Up to ISO Pounds—Mrs. Thompson, first; Fred Sharp. Franklin, second, and Wallace O. Lee, Indianapolis, third. WIN IM SHEEP JUDGING Wisconsin Firm Takes Four First Prizes at State Fair. Hampshire sheep exhibited by W. F. Renk & Sons, Sun Prairie, Wis., took major honors in sheep judging at the state fair Thusrday. The Renk farm won the blue ribbon for the champion ram and the champion ewe, after taking four first prizes. Second honors in the sheep exhibits went to Mrs. A. R. Hamilton, Johnstown, Pa., who was awarded four first prizes. In the Oxford Down division, O. R. Quackenbush. Sharpsville, won three first prizes in his division to take the top honors. In one New York hospital doctors are paged by a microphone with eighty-five loud speakers to call the physician in corridors and. anterooms.
SEPT. 8, 1933
LEGION CHIEF TAKES STAND FOR ECONOMY Better Treatment Will Be Asked for Real Victims of All Wars. (Continued From Page Onel pledged the legion to fight legislation equally unfair to the taxpayer and to the veteran. Commander Johnson technically was bound by the legion constitution to fight practically everything that President Roosevelt was demanding from congress. Suggests New Foliey Instead, he struck out boldly and “suggested rather forcibly," anew pension policy. It was as follows: 1. A uniform pension law which would treat the disabled soldiers and their dependents of all wars on an equal basis. Under the present farrago of veterans’ laws, there is a wide difference in the amount of compensation paid for same disabilifies to the various wars. The taxpayers still are supporting a few widows from the war of 1812, and thousands of pensioners from the conflicts which followed it. Commander Johnson xvould treat all these pensioners alike. 2. He would increase payments to parents, widows and orphans of own killed in the service. Under present legislation, the dependent mother ot a man killed on the western front gets only S3O monthly and $6 additional for each child. The legion commander agrees with critics of the present compensation legislation that these sums look inadequate when actual veterans, whose disabilities are such that they can earn a regular living, are getting much more. Mould Play Fair 3. He xvould overhaul all legislation having to do with payments to men not injured in fact during their xvar service. Hedocs not approve of the* disability allowance law which has paid more than $80,000.000 since July, 1930. to men injured in civilian life after the war. He emphatically believes that no veteran disabled because of advanced age or incurable disease should become an object of public charity. These, he thinks, should be wards of the federal government. He also is of the opinion that the “presumptive law" should be the object of expert analysis. Under this legislation, certain men, unable to prove that their physical difficulties xx-ere caused by their war service, have been “presumed" by legislative fiat to be casuals of the World war and thus ha\ r e gotten on the pension roll. Close Examination Favored The original purpose of this legislation was to take care of “border line" cases. A man who might have had influence in 1918 and in' 1922 developed tuberculosis, under the presumptive law. automatically would have gone on the government pay roll. Commander Johnson believes that such cases should be examined by the best scientific authority obtainable and that the decision of such authority should be binding upon the government. 4. He believes that legionnaires have a duty, as good citizens, to keep a more careful scrutiny in the future upon all government costs, as wasteful expenditures are likely to deprive the disabled veteran of his dues from the government. (The next story will tell how the present legion leaders hope to make their organization alert to the whole question of gox'ernment economy, whether or not it immediately effects veteran legislation.)
