Indianapolis Times, Volume 45, Number 118, Indianapolis, Marion County, 26 September 1933 — Page 11

Second Section

‘WE GIVE up; TAMMANY CRY TO EXCHANGE Move to Reconsider Tax Proposal: It's ‘Bluff,’ Says Untermeyer. BILL SIGNING DELAYED Whitney Asserts Action to Change Site May Be Abandoned. By f'nitrd Press NEW YORK. Sept 26—The city administration had before it today the plea of Samuel Untermeyer. its financial counselor, to reconsider proposed taxes on stock transfers and the gross income of brokerage houses on condition that the New York Stock Exchange drop negotiations to remove to Newark. N. J. Mayor John F. O'Brien said he would consider Mr Untermeyer s recommendations. Meanwhile, he said, he would delay signing the bill to make the taxes effective. Move Is ‘•Bluff" Mr Untermeyer made the recommendation late Monday at the formal hearings before the mayor prior to his signing the bill which would put the taxes in effect. Mr. Untermeyer said he believed the threat of the New York Stock Exchange to move was a bluff, but added: “Nevertheless, I have been seriously considering the unexpected effect of the diversion of stock market activities to other cities on real estate values and on the revenue of the state. Must Sign Tax Bill ‘T do not believe the city, in justice to the state and real estate interests, can take the step. The tax will expire in five months, but by that time the damage shall be done. “If the exchange refuses, there is no alternative except to ask your honor to sign these bills, both of which are considered just, in view of the needs of the city.” Move May Be Dropped By l nitrd Pri xs NEW YORK. Sept. 26.—'The New York Stock Exchange will abandon plans to establish an exchange in New Jersey if the city vetoes stock transfer and gross income tax bills, Richard Whitney, president of the stock exchange, said today in a letter to Mayor John P. O’Brierw Whitney asked the mayor for early information on what action has been taken in regard to the pending tax bills. “If you veto the stock transfer and gross income tax bills,” Whitney said. “I promptly will recommend to the governing committee of the New York Stock Exchange and also to the governing committee of the New Jersey Stock Exchange, which will hold its first meeting today, that the plan for the opening of a trading floor in Newark on Oct. 2 be dropped.” STATE CONGRESSMEN TO ATTEND LUNCHEON McNutt Calls Session for Study of Flood Control. Forests. All but one of the Indiana Democratic congressmen will attend a luncheon-meeting called by Governor Paul V. McNutt at the Indianapolis Athletic Club Wednesday, it was announced at the statehouse today. Congressman Finley Gray has declined because of a previous engagement. it was said. Congresswoman Virginia Jenckes’ flood control plans tor the Wabash river and location of new forest camps are to be discussed as well as patronage for the camps, it was said. STATE BID FOR DIRECT ROAD AID IS REFUSED Effort to Procure Grant From U. S. Refused by Ickes. Effort of the state administration to procure direct grant of federal public works funds from President Roosevelt to foster local road building failed today. Although admitting that the national recovery act does provide for direct presidential grants, Harold C. Ickes. secretary of the interior, denied such authorization to Indiana or any other state, in a telegram to Governor Paul V. McNutt. Borrowing of funds for this purpose is banned in Indiana because of the 1932 special session law placing a moratorium on all local road bond issues.

STATE IS SPONSOR OF SNAKE SHOW AT FAIR Exhibit at Bluffton Is* Project ol Conservation Bureau. The snake show at the Bluffton street fair this week is a project of the state conservation department. Bluffton is the home town of Virgil M. Simmons, conservation director. and Kenneth Kunkel. head of the fish and game division. They are showing snakes, fish and animals, which formed part of the department exhibit at the Indiana state fair. Should the plan prove; popular, such exhibits will be made at county fairs throughout the state next season, it was said. DETECTIVES SLATE TWO Men Suspected of Stealing Coal Jailed by Officers. Big Pour railroad detectives today j arrested two men alleged to have been caught stealing coal from a car near the Sherman drive crossing. The men. slated on petit larceny charges, gave their names as Eddie Überto. 28. of 3797 Prospect street, and George Ryan. 50. of 1152 South Sherman drive. '

Full tVlre Service of *he t.nifed Association

‘EXPANSION TO FOLLOW INFLATION’

Currency Expert Holds No Fear of Future Growth

rrrd on *ll sides. | ■■ ...... ' ~r h.fnre In Ih, ■ ' *" j| to’the* piMic attitude" toward tt* 5 jf basis—extracting a larger Shan \ -•£ '’'iSf: 0 from incomes derived from injif "‘NCB: i '' ifi comes earned by active men. MMv I mW j llflli It is obviously unfair, he points out, to take the same sum from „ #Kff- |l® +• /’ jPOI the SIO,OOO obtained by cutting jflEßlif t. JF / "V* /f'“ r J|| coupons as from the SIO,OOO which m i‘ X "iP wIpF *' fl! / ;i<i a man or woman earns in salarj L "- \ .so“' f.J ■■ *■ ? oor as return from business. Pv- ' .r'y y || Not unfriendly to the preva--1 .--.yr''’-. -- lent notion that wealth should be redistributed, he holds that such

Wall Street, beleaguered on all (Ides, is using Its wits as never before in the effort to discount its own future. In an attempt to disclose this changing scene, the World-Telegram is publishing a series of articles on the views of financial leaders, the second of which appears herewith. nan BY FOREST DAVIS Times special Writer WALL STREET, central nervous system of the western hemisphere’s finance, looks out on a world wherein the face of capitalism changes hour by hour. The traditional free forms of capitalist enterprise have been superseded in Russia, in Italy and the Fascist states of Europe. A start has been made in this country toward state control of capital’s functions.

The financial j district, 100 mi n g j over the metropolis \ and heretofore j dominating the life ) of the land, is not I as secure as the i heavy bulk of its \ towers would im- ; ply. Capitalism, old < style, is in a state < of flux. The opin- j ions of intelligent i capitalists are like- ) wise, l Few financials i downtown believe ; that the formula ■ under which they ; and the rest of us j were bred will be ! maintained unal- j tered. A few do. j Another minority, • balancing the oid j guard, fear the worst even to a ; collectivist revolu- i tion. In the main \ the most en- : lightened bankers and industrialists expect important j fundamental : changes to flow out • of the functional i revolution which . has taken place at j Washington. Rugged indi- • vidualism, a prin- ; cipal tenet in ■ America's pioneer- i ing creed, may be ! forced, they hold, j to give way to a . new social mode of control. And as \ Wall Street looks : on unaccustomed \ scenes critics arise \ within the strong- 5 holds of finance— | able, imaginative men who seek to adjust the old

formulae to the new condition. Capitalism, they maintain, has been in a constant process of adaptation. It is a dynamic economic order capable of indefinite alteration. tt a a FRANK ALTSCHUL, international banker, governor of the stock exchange, leader in the big board’s internal reforms, at 46 an eminent figure in the Street, is a-capable critic of the order in which he has risen. Mr. Altschul, lean, incisive, a fox-hunting type, an internationally known bibliophile, a scholar and patron of learning, looks forward to an economic organization in which rewards will be handed out more plentifully, in which the common life will be made mure abundant and abuses gradually removed. He has no fear for the future. This country, he believes, is about to enter upon a period of expansion its growth impeded temporarily by the depression, but not in any sense halted. Mr. Altschul, I am informed, supplied the formula by which the French government revalued the franc and ended its headlong rush to financial disaster. He believes, whether for good or iff. that we are in for currency inflation, and contends that it should be governed minutely so that when and if the government returns to the gold standard with a revalued dollar the world will recognize it as a sign of strength. “It should be hailed as was the decision to resume specie payments in 1879,” he believes. Many bankers shudder at the

No Baby Diet Hitler’s Man Can't: He Passes Up Breakfast. Bu United Press NEW YORK. Sept. 26. James Abbe, photographer and returned traveler, today described his experiences with General Herman W. Goering. chancellor Adolf Hitlers right hand man. Herr Goering. posing for Mr. Abbe's camera, scowled furiously. Mr. Abbe, on good terms with his subject, essayed a little joke. •Smile, or my American audience will think you eat babies for breakfast.’’ "That is not possible.” Mr Abbe said Herr Goering answered. "I never eat breakfast.” z

Girl, ‘Bright Lights’ Termed Motives in Shead Murder Case

NEED of money with which to show a girl "the bright lights of Broadway” motivated the killing of Lawrence A. Shead. brother of Walter and Ralph Shead. well known Indianapolis men. according to the alleged confession of Louis Neu. held without bail in Jersey City. Branded by Jersey City police as "the coldest-blooded killer they ever have seen.” Neu has signed statements in which he is alleged to have confessed he killed Mr. Shead, Patterson <N. J.) theater manager, and Sheffield Clerk, Nashville (Tenn.) business maA. Throughout his arraignment W

The Indianapolis Times

thought of inflation —especially investment bankers. Mr. Altschul is a partner in Lazard Freres, a house which had its origin in France. He does not shudder; he holds quite simply that Inflation may be an essential step toward recovery. a a a IN order that inflation may proceed under governmental check he proposes the establishment of an exchange equalization fund similar to that by which the British have managed the price of sterling in world markets. The treasury should deal in foreign exchange and gold also, he believes, with an eye to protecting the dollar and influencing the commodity price level. Asa governor and as chairman of the stock exchange’s stock list committee, Mr. Altschul participated in the recent reforms of stock exchange practice. His views on the future of speculative finance and the exchange itself are objective. He concedes, for example, that large numbers of Americans indulge in gambling on the rise and fall of security prices. Such gambling he terms bad for the economic structure. Hence he would discourage it. The stock exchange itself should reform its house along lines already under way, in his opinion, and not wait for possible restrictive action by a hostile and uninformed public body. The widespread increase in branch brokerage offices the number doubled between 1926 and

LIQUOR PROBLEM IS STUDIED BY STATE Lutz to Rule on Formation of Indiana Distilleries. Whether distilleries have the right to incoporate in Indiana, before the eighteenth amendment is repealed, is being studied today by AttorenGeneral Philip Lutz Jr. Incorporation papers for the Hammond Distilleries. Inc., were filed with Secreetary of State Frank Mayr Jr., who turned the legal question regarding them over to Lutz. About 49 per cent of the native white families in the United States owned their own homes in 1930. according to the census bureau.

Jersey City, Neu remained cool and unperturbed, but admitted to his guards he felt “relieved” at having told the story of his crimes. “If I'd gone on much longer.” Neu is quoted by police as saying, “I'd have killed somebody else.” a a a 1 PROMISED this girl I'd show her the bright lights of Broadway. but my funds were running low.” By “this girl,” Neu referred to Miss Eunice Hott, New Orleans, held on a disorderly charge after her arrest with Neu in flight from New Orleans,

INDIANAPOLIS, TUESDAY, SEPTEMBER 26, 1933

Frank Altschul

1929—and the premium placed on customers’ men, Mr. Altschul condemns. He also stands for a high margin requirement. The recent changes in stock exchange practice set new standards for customers’ men and differentiated between the margin requirements of customers with balances of $5,000 and less. a a a RANCH offices reach out O into the street,” he says, “and beckon in the passerby—the seamstress, the chauffeur, the clerk, the curious prostitute. They assemble before the moving picture showing the market’s fluctuations and take a hand in the game. They may think they are speculating; in reality, they are gambling. “When I advocate a minimum of $5,000 in margin account, some persons say that I am suggesting a class discrimination. I say that is untrue. It is not wholesome to have a great mass of uninformed persons affecting the value of equities upon which the security of our business life depends. “I regard many of the customers’ men who have been drawn into the broker's business as similar to the croupiers at a French casino. “I should like to see the business of being a broker restored to the status of a calling.” Mr. Altschul's attention was called to the opinion widely expressed in recent times which asserts that the stock exchange de-

Bare Future Colonies as Numerous as Theaters Predicted. By United Press /CHICAGO, Sept. 26.—Nudist camps some day will be as numerous as motion picture theaters are now, believes Fred Ring, Kalamazoo (Mich.) dancing master and conductor of the Sun Spot Sports camp. Ring was in Chicago today conferring with attorneys who will defend him and his wife on charges of “indecent exposure” preferred by a neighbor against their nudist camp activities at Allegan, Mich.

Neu, 26, told police, they said, that he met Mr. Shead in Times Square, New York, the night of Sept. 6. a few minutes after coming out of a Chinese restaurant where he had had an audition as master of ceremonies. He had known Mr. Shead slightly in Oklahoma. Neu said. Mr. Shead invited him to go to Patterson and there introduced him as “my friend from the south.” Neu declared. a a a WE did some drinking,” Neu declared, “and on Saturday night, we started to drive to the

A busy moment on the floor of the stock exchange. creasingly serves a social purpose, and that in a stabilized economy it would ijave no reason for existence. If that is an accurate analysis, he believes, the stock exchange will diminish in importance as circumstances direct and agitation or governmental action toward its abolition would be superogatory. a a tt 1 SHOULD like to see the exchange assume a more normal proportion in the public mind,” he observed. “Then we should not have the wide swings which disturb conditions.” The banker admits the vitality of forces which are converging on the traditional forms of capitalistic enterprise here and abroad. Yet he believes that, in the main, the valuable aspects of the old order will be preserved. He lists as chief among those the rewarding of initiative. He approaches the major problem with detachment. Asa concrete step toward adapting capitalism to anew atmosphere in this country, he proposes a change in the public attitude toward taxation. He would have income taxes levied on a discriminatory basis—extracting a larger share from incomes derived from invested funds, a lesser from incomes earned by active men. It is obviously unfair, he points out, to take the same sum from the SIO,OOO obtained by cutting coupons as from the SIO,OOO which a man or woman earns in salary or as return from business. Not unfriendly to the prevalent notion that wealth should be redistributed, he holds that such aan ncome tax differential —with high inheritance duties—would accomplish the purpose to the advantage of the active class. In the one case, the income comes from stored capital; in the other, it is taken from money which could be put to fresh use as capital. MR. ALTSCHUL looks without dread upon reforms in the conventional system; larger control over wide-scale enterprise, the assurance of well-being to underprivileged classes. His personal interests are impressive. He is president of the General American Investors’ Corporation, member of the executive committee of the American International Corporation, Gulf States Steel and the American Eagle Fire Insurance Company, a voting trustee of the Minerals Separation North American Corporation and the United States Leather Company. Books are his avocation. He is former chairman of the Yale Library Associates, honorary president of the American Institute of Graphic Arts, chairman of the American advisory committee of the Bibliographers’ Society of England. He turns from committee meetings on the state of the Stock Exchange to his collection of fine eighteenth century French printing. He recently gave to the Yale library his collection of George Meredith. It is, jerhaps, from these associations that he obtains the historical perspective to be objective in the midst of the troubled scene in Wall Street. Next—Dr, Jordan Speaks.

VIOLENCE FLARES IN EASTERN MINE WAR Crowd of 2,500 Smashes at Slope; Halted by Cops. By United Press SCRANTON. Pa.. Sept. 26.—Violence flared in the “outlaw 7 anthracite mine strike today u 7 hen a group of more than 2.500 men and women attempted to storm the gravity slope of the Hudson Coal Company at Archbald. State police drove back the crowd. Census figures show that eggs or poultry are produced on about 5.400.000 of the 6.000,000 farms in the United States.

home of my grandmother in Brooklyn. Shead suggested we get some whisky and return to his apartment. We got a pint of applejack and a pint of rye and started drinking. “I was working on a jigsaw puzzle,” Neu continued in the alleged confession, “and it looked to me like Mr. Shead was making my drinks stifler than his. “We started fighting out toward the kitchen and I picked up an electric iron ar.d hit him on the head with it, at the same time grabbing him by the throat. “He struggled into the bedroom and fell on the bed and lay still.”

WAR MOTHERS TALK BUSINESS IN CONVENTION Addresses, Reports Included on Program: Orphans to Entertain. M'NUTT WILL SPEAK Statehouse Dinner-Dance to Be Given in Honor of Delegates. Delegates to the American War Mothers' biennial convention today delped into business affairs as the program got under way in the Claypool. Mrs. E. May Hahn, Indianapolis, president of the Indiana state chapter and general convention chairman. presided at the opening session today, which was featured with music by the Technical high school band. Registration had increased with more than 500 war mothers listed this afternoon. The Right Rev. Joseph Chartrand gave the invocation. A flag salute was followed by the addresses of welcome, which were extended by Mrs. Ralph E. Kennington. president of the Marion county chapter; Mayor Reginald H. Sullivan and Governor Paul V. McNutt. Responses Are Given Responses were given by Mrs. Eleanor C. Wagner, Riverside, Md.; Mrs. Anne D- McClure, Lexington, Ky„ past national president; Mrs. Elizabeth Martin, Thiensville, Wis„ and Mrs. H. H. McCluer, Kansas City, Mo. Mrs. Alice M. French, Indianapolis, founder of the organization, and national officers were introduced at the morning session. A luncheon for all gold star mothers was held at noon at the Columbia Club. The luncheon was provided by the Marion county chapter. Mrs. J. F. Kutchback, Indianapolis. was chairman of arrangements for the luncheon. This afternoon’s program will include officers’ reports, discussions of proposed changes in the constitution and by-laws and greetings from local patriotic societies. Orphans to Appear Children from the Indiana Soldiers and Sailors' Orphans home at Knightstown will be featured on the entertainment ‘program of the NRA meeting to be held tonight at 8:45 at the Claypool. General William I. Westervelt, United States army, Washington, will speak at the meeting. Jane Johnson Burroughs will sing. Introduction of “The National Prayer,” a song by Louis St. Clair, dedicated to President Roosevelt, will be made. All of the delegates will be guests of the Twelfth district of the American Legion at a dinner-dance to be held Wednesday night in the statehouse rotunda. Robert L. Mason, chairman of the Legion committee, is in charge of arrangements for the affair. # A. C. Sallee, superintendent of parks; Jackiel W. Joseph, president of the park board; Mrs. Hahn, Mrs. Hattie Rincker, national tree chairman; Mrs. Kennington and the Rev. Daisy Douglass Barr will be speakers at a grove dedication Wednesday morning. Parade Is Set “Parade of the Allied Colors,” will be held Thursday afternoon in the Indiana World War Memorial Plaza, by cadets from Culver military academy, and the public has been invited to witness the affair. Election of officers will be held Friday morning and the convention will close Saturday with installation of officers and the placing of a wreath on the cenopath of the War Memorial Plaza. Mrs. W. E. Ochiltree, Connersville, now national recording secretary, and Mrs. Corabelle G. Frances, Cambridge Mass., are candidates for thp national presidency now held by Mrs. Leonore H. Stone, Lander, Wyo. Two cities, Albuquerque, N. M., and Washington, are expected to extend invitations to the 1935 biennial convention.

800 Hoo! Cops Cry With Tear Gas on the Loose. j POLICEMEN practicing target shooting in the basement of Tomlinson hall Monday fled to the street when an unidentified member of the force fired a tear gas cartridge. The police w r ept copiously and turned sleuths in the remainder of the practice session trying to ; find out who fired the gas con- | tainer, which is the same size as | the regulation police bullet. —— Aurora Voters at Polls AURORA. Ind., Sept. 26.—Aurora j voters went to the polls today to de- | cide whether the city shall pur- | chase the local gas and electric plant of the Public Service Company i of Indiana.

NEU said he then took Mr. Shead's money, clothing, suitcases, watch, and car and drove south. He became frightened, he said and abandoned the car near Savannah, Ga., continuing to New Orleans. There, according to Neu, he struck up an acquaintance with young Clark in a hotel lobby and later, went uninvited to his room. “I told him I was ‘in dire circumstances’ and had to have some money,” Neu is quoted as saying. “He ordered me to leave and reached for the telephone.” Then, according to Neu’s alleged confession, be slugged Mr, Clark

Second Section

Entered as Second-Clans Matter at Postofflce, Idlanapoll*

ACTRESS IS BRIDE

By United Pres* SAN DIEGO, Cal.,* Sept. 26. Boots Mallory, motion picture actress, and William Cagney, brother of James Cagney, film star, were married Saturday in Tijuana by Judge Alexander Batani, it was learned late Monday. After the wedding, the couple returned to Hollywood, friends at Agua Caliente, border resort, said. NAB 2 IN FAKE MONEY PASSING Tip of Woman Victim Is Clew in Arrest of Suspects. Charged with passing counterfeit $lO bills, raised from $2 bills, Edgar Allen, 27, 517 North Delaware street, and Don Dubrow, Barton hotel, were arrested in front of a restaurant at Massachusetts avenue and Vermont street early today. They were taken into custody after an attempt to pass a bogus $lO bill on Miss Betty Downs, 439 West Ohio street. Miss Thompson and Miss May Downs of the same address chased the men when they discovered the fraud, but they escaped in a taxi. Later, police arrested the men in front of the restaurant on information supplied by the taxi driver. Dubrow, according to the police, admitted that he was released from prison six months ago after being convicted of counterfeiting in Chicago and sentenced to serve five years. A search of his room revealed pen, brushes and other counterfeiting supplies. Federal authorities are investigating.

BANDIT SUCCEEDS IN SECOND HOLDUP TRY Gets sls After Previous Attempt Fails. If at first you don’t succeed, try, try again. Evidently with this motto in mind, a bandit who Saturday night failed to get any money in holdup of the McKissick-Williamson filling station oh the Brookville road near Arlington avenue, tried again Monday night. Fortune rewarded his persistence on the second try. Ordering two gallons, of gasoline, a procedure he has used in several recent robberies, the bandit forced Harold McKissick, 18, of 423 South Spencer avenue, into the car. At the point of a gun, McKissick drove south almost to Michigan road, where he was robbed of sls and ordered out of the car. WOMAN RISKS LIFE IN TRY TO HALT THIEVES Leaps in Car’s Path in Attempt to Prevent Escape. Efforts of two women to save their new garbage cans failed Monday when two Negro thieves in a truck looted north side yards and garages. Mrs. Frank Kissell, 3027 North Capitol avenue, stood boldly in front of the truck when the Negroes stole her garbage can. She jumped aside just in time to escape being injured. Later, Mrs. Herbert F. Lewis, 3024 Kenwood avenue, reported to police that Negroes answering the same description stole a garbage can and a rug from her home. Mrs. Lewis chased the thieves, who dropped the rug in their haste. TOBACCO MEN IN ~RIOT Growers Complain of Low Prices, Force Suspension of Sales. By United Press WENDELL, N. C.. Sept. 26.—Several tobacco growers forced suspension and caused a near riot in one of the warehouses on the Wendell tobacco market late Monday. The growers complained of love prices, an official admitted, saying the average prices today had been 12 to 13 cents a pound. The tobacco was described as storm-beaten and deteriorated.

repeatedly with a blackjack while holding him by the throat. Neu said he then searohed Mr. Clark’s clothing, found a garage ticket for his car, obtained it and drove north after picking up Miss Hott. Their arrest, with a sailor hitchhiker, came on suspicion at Jersey City when police noticed the car bore “in transit” tags instead of license plates. Police recovered only $7 of the S6O Neu said he took from Mr. Shead and the $49 obtained in the Clark murder. Neu is held at Jersey City on fugitive from justice charges based on the alleged murder of Mr. Clgrk.

‘SLASH UTILITY rates; state BOARDORDERS Commission Leader Scores Price Schedule in Power Case. HIGHER RETURN SOUGHT Public Must Be Able to Pay Service Cost, McCart Tells Company. “Utility rates must be reduced to the level the service is worth—a price people can afford to pay. Rates myst be such that the people desiring the service can afford to use it.” This “new deal” program of utility rate making came today from Chairman Perry McCart of the public service commission as an answer to the Public Service Company of Indiana demand that the commission rate reduction suit be dismissed. Mr. McCart overruled the company plea to checkmate the suit and announced Monday afternoon that he will proceed on the basis that the commission has the right to make the company prove that their rates are not unreasonable. Seek Rate Boost Company attorneys have contended that burden of proof was not upon them, but upon petitioners for rate reduction The petition in tho case was filed by Sherman Minton, public counselor, who contended the company made $2,600,000 on a $40,000,000 valuation last year. The company contends that its valuation is $50,000,000, return less than 4> 2 per cent and that rates should be raised to give them an 8 per cent return. After Mr. McCart expressed the commission stand, the company began interrogation of witnesses, beginning with L B. Schiesz. company controller. The case will be continued Wednesday. Demand Reasonable Rates Pointing out that the new method being pursued in the case offers a short way to the fact, Mr. McCart continued: “If the utility takes us to court, that would be no fault of this commission, for it is charged with a duty under the law to see that no more than reasonable rates are charged for adequate service. In my experience, I have seen millions thrown away in rate litigations with the railroads, on rate fights and valuations, all with no permanent results. “It would seem that if the companies, the people and the laws all could get together, much expense and delay could be avoided.” L McCart one time was chief cok sel for the Monon railroad. Scores Company Chiefs Commenting on letters sent out to arouse stockholders against the commission’s consideration of rate reductions, Mr. McCart took the company officials to task. “These people didn’t write these letters without some suggestion or contact,” Mr. McCart concluded. “Has the time come when rates are to be fixed by a referendum between the ratepayers and the stockholders? “Maybe we ought to go a step farther and suggest that rates be fixed by secret ballot.” URGES EARLY PAYMENT OF TAX AS SCHOOL AID County Superintendent Asks Settlement of Income Levy in October. Pointing out that payment of state income taxes in October, instead of January, will provide funds for use of schools before summer vacation, J. Malcolm Dunn, county school superintendent, issued a plea today for prompt tax payments. “All money collected In October, added to that collected in the last July taxpaying period, will De allotted to schools in January,” Dunn said. “Payments must be made in January, out if taxpayers wait until then, the schools will not receive their share until July, after schools have closed. GOVERNOR ADDRESSES MEDICAL CONVENTION McNutt Will Go From French Lick to Bedford for Another Speech. Governor Paul V. McNutt, who is luncheon-speaker today at the annual meeting of the Indiana State Medical Society at the French Lick Springs hotel will remain there until Wednesday afternoon, it was announced at his office today. He is scheduled for mother talk before the Municipal League of Indiana at Bedford Wednesday. On Wednesday night, he will speak to the War Mothers at a statehouse meeting.

PRISON FOR ARSONIST j >!San Placed on Probation to Al Feeney Put Behind Bars. j Walter Lee Dolan, convicted ar- ' sonist, who was placed on probation to Al Feeney, state safeety director, has been sent to serve his five-year sentence at the Indiana state reformatory, Mr. Feeney learned today. The information came from Judge Roscoe C. O'Byrne of Franklin circuit court, who set out in a letter that while en probation, Dolan has been charged with other crimes, CITY SUED FOR $12,500 Woman Charges Step Into “Large Hole” Cause of Injuries. Injuries received when she is alleged to have stepped into a “large hole” in the street at the intersection of Meridian and Maryland streets. Sept. 5, are charged in a $12,500 damage suit against the city filed in I circuit court by Etta Jacoby, 931 1 Villa avenue. ,