Indianapolis Times, Volume 45, Number 111, Indianapolis, Marion County, 18 September 1933 — Page 14

PAGE 14

BANK CREDIT IS DEMANDED FOR BUSINESSHRMS Van Nuys Seeks Backing for Industry Under New Recovery Act. BY WALKER STONE Time* Special Writer WASHINGTON, Sept. 18—A demand was made today by Senator Frederick Van Nuys that the federal government take immediate steps to enable and require commercial banks of the country to extend credit necessary to keep business institutions Intact until recovery is accomplished. The government's insistence upon high standards of liquidity,” the Indiana senator said, "is causing banks to withhold credit that is essential to the conduct of business." In order that depositors can be made to feel safe, and banks thereby feel free to extend credit. Senator Van Nuys demanded that deposit guarantee provisions of the 1933 banking act be placed into effect at once for all deposits less than $2,500. Billions Must Be Freed “It has been estimated that 90 per cent of all bank deposits are in amounts less than $2,500," said the senator. "With confidence restored this overwhelming percentage of bank depositors, the banks may reduce their liquidty to at lease 80 per cent and billions of dollars will thereby be released for much-needed credit.” The senator quoted from a letter he had received from an old established merchant in Indiana: "I have a stock of merchandise valued at more than $50,000, good accounts amounting to over $20,000, a store building for which an offer of $16,000 has been refused. The building is unencumbered, our total merchandise indebtedness is not more than SB,OOO. The need of cash is to pay past due bills and to procure fall merchandise for which the manufacturer can not allow long terms. Ask Currency Inflation "All I need is $4,000 for ninety days or so. I tried to make this loan from several banks and was informed by each that it was not making loans because it has to keep in a liquid condition.” An immediate currency inflation likewise was suggested by the senator. "Under the powers of the GlassStegall law,” he said, "ample opportunity is afforded for release of the seven and one-half billion dollars tied up in frozen bank deposits. This sum represent at least one-fifth of the total deposits in commercial banks today, v

cw, „ ROSE tfk J?gb The United States adoptec* tlie Con"Xm stitution 146 SJT' 3 SF* s z years ago ** oo ou. yesterday and ever since we’ve been trying to adapt it. a a a It’s time to give a thought to batteries. Practcially 75 per cent of battery deterioration is caused by plates buckling, chafing and short-circuiting. Vesta has eliminated this trouble by using Plate-Locks which evenly spaces and locks the plates in place at the top and bottom. The result is a battery that gives much longer service and delivers more power. Terms gladly arranged. a a a A friend of ours in the auto business told us that his new baby had two lung power, scream line body, double bawl bearings, water-cooled radiator, changeable seat covers and free squealing. mm* We honestly believe that an Increase in tire prices is not far off. But, regardless of price increase, you owe it to yourself to ride on safe, sure rubber. In Miller Geared - to - the - Road * you get a tire built with DOUBLE PROTECTION against blow-outs and extra cushioning * for easier riding. Miller Geared-to-the-Road Tires are GUARANTEED to outwear any other tire built. That means more ; for your money—more miles of dependable service. Payments j gladly arranged to fit your purse, # • CHIEF TIRE CHANGER

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BACKING THE NRA

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Just see what our “blue eagle”eyed photographer discovered when he took a backward glance across a Florida beach.

In the Air Northwest wind, 11 miles an hour; temperature, 72; barometric pressure, 30.03 at sea level; general conditions, clear; unlimited ceiling; visibility, 20 miles.

formula that is, the leaf and \ ’ \ the manufacturing formula—is dis- % ferent from that of other cigarettes. For a cigarette to be milder and to taste better, it has to have in it ripe, mild, mellow tobacco, and the right quantity of the right kinds of a Turkish tobacco. Then the cigarette has to be made right j® if You can prove for yourself that a I • II Chesterfields are not like other cigaI I rettes. They’re milder . . . they taste CkICIIICJLU. /ne ciacweffe //ia/j milder tL cigarette tLt tastes better \ • WI, Lmcstt * Mtiu Toiaooo Cos.

DAVID LAMSON CALMLY AWAITS DEATH_DECREE New Trial Plea Planned for Wife Slayer as Child Custody Tilt Looms. By United Prett SAN JOSE. Cal., Sept. 18.—David A. Lamsons iron composure was unbroken today as he awaited a formal sentence to death. A jury Saturday night found him guilty of murdering his wife, Allene. Conviction of the 30-year-old Stanford university scholar was followed today by a battle for custody of little Allene Genevieve Lamson. The 2-year-old, curly-haired girl, whose mother was battered to death in the bathroom of the Lamsons’ cottage at Palo Alto last May 30, has been cared for since by Dr. Margaret Lamson, sister of Lamson. Uncle to Seek Child Frank C. Thorpe of Lamar, Mo., brother of the slain woman, said he would fight in court to gain possession of the child. He said he wanted to change her name, adopt her and rear her with his own 8-year-old daughter. "David Lamson is a convicted murder and has no right to that child,” said Thorpe. “Neither have his family any right to little Allene. If she is raised with them, she will go through life as ‘Allene Lamson, the girl whose father murdered her mother'.” Dr. Lamson and other members of the slayer's family are expected to fight Thorpe’s effort. Brands Tactics “Unfair” Edwin M. Rea, chief defense counsel, was bitter against what he termed “unfair” prosecution tactics. The jury of seven men and five women took only three ballots. Lamsons showed no resentment against officers or others w r ho testified against him, but criticised newspapers. “I would rather be in my fix, with my conscience, than the newspapers with theirs,” Attorney Rea said Lamson told him. The defense staff will ask Judge Syer for anew- trial. If the request is denied, which is likely, formal appeal then will be made.

THE INDIANAPOLIS TIMES

Both Got Jobs Georgians Found Way to Outmaneuver That NRA Line. By United Prat WASHINGTON, Sept. 18.— Two job hunters drove up from Georgia recently. They made for the NRA. Applicants for employment were in a long line. They were at the end of it. At closing time that day, they were short of the employment office door by six applicants. They stood in line the next day with the same result. But they noticed that several NRA officials in shirtsleeves and with papers in their hands were able to push into the office at any time. So the next day, they left their coats in their car. Each stuck a pencil behind an ear, and grabbing a pad of scratch paper, made for the office. The doorkeeper let them by. Both got jobs. NAME NEW TEACHERS Orchard School Faculty Has Three New Instructors. Three new teachers will be introduced to classes Wednesday morning. when the fall term of the Orchard school opens. They are Miss Andrea Ferguson, Smith college graduate; Mrs. Mabel Culmer, Butler university graduate, and Miss Mary Collicott, Ohio State university graduate. ‘ALKY’ PRIZE IN "RACE Police Report Seizure of Five Gallons in Auto Chase. Losing an automobile race with police, Ed Vinegar, 43, Negro, 1703 Northwestern avenue, today faced speeding, reckless driving and liquor charges. He was captured on Indiana avenue by Sergeant Noel Jones and squad, who said they confiscated a five-gallon can of alcohol.

For Maximum Economy and Smoothness Have Your Carburetor Adjusted NOW BY TOM CONNELL, INC. 508 N. Capitol. LI-6688.

m IN GRIP OF WEEK-END CRIME_WAVE Series of Thefts, Holdups Probed by Police: Slugger Hunted. Indianapolis was the scene of a miniature crime wave over the week-end, a number of robberies and holdups being reported to police. Two filling station holdups were included in the list. Marvin Edwards, 25, of 3052 English avenue, attendant at a Standard Oil station at Sherman drive and English avenue, reported Sunday night a bapdit forced him to enter the bandit's car and took him to Southeastern avenue, where he was robbed of S2O. Another bandit, waving a revolver, forced Walter King. 29, of 47 East LeGrande avenu§, attendant at a Standard Oil station at Adler and Meridian streets, and Jack Fulford, R. R. 4, Box 401, into a lavatory, and escaped with S3O. Alvin Hall, 77, of 134 West Ninth street, was slugged on the head and robbed of $4 while walking in an alley at the rear of 817 North Capitol avenue early Sunday. Residents of the vicinity heard Hall moaning and sent him to city hospital, where he was treated for head injuries. Two negroes who stopped the car driven by Walter Carlton, Los Angeles, northwest of the city Sunday, dragged Carlton from the car, beat him and escaped with $4.50. A Negro gunman robbed Charles R. Ward, 1202 Bacon street, taxicab driver, of $3 and his cab on Douglass street, later abandoning the cab. B. F. Prunk, 1514 College avenue,

Watch Repairing High-Grade Work Moderate Prices ROY F. CHILES 530 Lemcke Bldg.

September 1709= Samuel Johnson, Inrush author, born* “Boswell is not presertt* 1793= George Wash* iriAton lays corner Stone of Capitol a,t Wa^shinotoabc. 1933* Tourist tries, to take souvenir.

reported to police that a Negro he ! surprised in his garage, knocked him down and kicked him when Prunk 1 chased the intruder. Burglars who Sunday broke into I the National Malleable and Steel ; Castings Company lunchroom, 546 ; North Holmes avenue, stole $77.50 Ifrom the safe and cash register, police were told. Sam Horwitz, proprietor of a furniture store at 937 South Meridian street, reported the place was entered Sunday, but the amount of loot taken had not been checked. Returning from a vacation, William Johnson, 240 East Ninth street, Apartment 26, reported he found his apartment had been entered. Articles missing included a $22.50 suit, $3 suitcase, five shirts worth $7, and an automatic pistol.

ANNOUNCING tO P E N I N G in New Location HONNOIUD’S RESTAURANT Plate Meals, 25c, 30c. Sandwiches, Short Orders Ready to Serve Today. 113 South Capitol Ave.

MINISTER ABSOLVED IN HOME BfIEW CASE Jury Fails to Indict Former Pastor Girl Accused. The Rev. G. Lemuel Conway, former pastor of the Madison Street Methodist church at Muncie. and recently acquitted on charges of at- j

BUY CHINA Before prices go up A L „ L imported china is costing- us from 20 to more since foreign exchange advanced MILK the end of last July TN line with the spirit of the N. R. A., we have not advanced our prices nor will we until the first of October in order to give our customers an opportunity to buy really serviceable dinnerware at the old low prices. W E , have the largest selection of genuine China and Semi-Porcelain dinnerware patterns in the city, besides a splendid line of gift items and domestic glassware. MUTUAL CHINA CO. 128-132 South Meridian Street Wholesale and Retail “BUY CHINA IN A CHINA STORE’*

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lacking an 18-year-old g'rl, was tree today of a charge of Iran parting liquor. His case was one of several against which the federal grand jury’ here refused to return true bills Saturday, Conway was arrested at Evansville several months ago when an automobile in which he was riding was alleged to have contained home brew. Following the girl's charges, he was suspended for one year as a pastor.