Indianapolis Times, Volume 45, Number 141, Indianapolis, Marion County, 23 October 1933 — Page 1

ROOSEVELT MOVES TO BRING NATION ‘MANAGED DOLLAR’ President Calls in Financial Advisers to Carry Out Pledges Made to Public in Radio Address. CHEERED BY RESPONSE TO SPEECH Establishment of Plan Depends on Raising of Commodity Prices to Model Point, Observers Believe. By United Press WASHINGTON, Oct. 23.—President Roosevelt called in his financial advisers today to carry out the pledges he made j to the nation last night looking toward further increases in commodity prices as the prime step toward economic recovery. Cheered by the response to his address, the fourth of his fireside radio speeches, the chief executive summoned to the White House Jesse Jones, Reconstruction Finance Corporation chairman; Dean Acheson, acting treasury secretary, and Henry Morgenthau Jr., Farm Credit Administration governor. It was expected that Mr. Roosevelt first would perfect plans for a government market for newly mined gold in this country.

President Roosevelt’s plan, j as outlined to the nation, left | many details undisclosed. Pending further developments, government financial authorities were reluctant to discuss the subject. The President's “sound money” pronouncement, coupled with plans for a managed currency, led to belief today that the administration would use all other means possible to bolster commodity prices before resorting to direct inflation. The managed currency idea was a reiteration of the President’s earlier plans for a currency with a steady purchasing power to be adjusted to offset the rise and fall in commodity price levels. Under this plan, advocated in one form or another by Professors Irving Fisher, George Warren and James H. Rogers, the American currency would be changed in gold content from time to time to keep its purchasing power constant. Depend Upon Prices When prices rose too high the gold content of the dollar would be raised and when prices fell the gold content would be reduced. This would give the effect of keeping the money at a constant purchasing power. Establishment of the President's managed currency was said to be dependent upon re-establishment of prices on the basis where debts can be paid off now with dollars of the same purchasing power at the time the debts were contracted years ago. This price level, the President indicated. might take one, two or three years. Steps to control the nation's gold resources by renewed government purchases through the RFC were regarded as another step in the managed currency idea. In addition to keeping at home the some $50,000,000 in American gold now estimated to be sold abroad annually. the American government would impound this metal for theoretical backing for its managed currency. $3,750,000,000 Now Held Purchase of the newly mined gold by the government also was expected to meet criticism of the policy of allowing sale abroad of newly mined gold where much of it was falling into foreign speculators' hands. More than $3,750,000,000 in gold already is held by the federal government as a backing for its currency. When the managed currencyplan is established it is likely that this gold would be held in the treasury, free from domestic and foreign withdrawals as a theoretical backing for the managed currency. Through changes in gold content of the dollar from time to time, the purchasing power could be held relatively stable. The purchasing power of the dollar would be established through anew and elaborate price index covering all commodities and now under compilation by the government. Steady Dollar Is Goal When prices of commodities rose to what the President thought the "correct" levels, the government's new price index would be fixed at 100. The gold content of the dollar would be fixed at that time with the open market value of the metal A rise in the price index to say 102 would call for an immediate increase in the gold content of the dollar by a like amount. A decline in the price would be compensated for by a corresponding cut in the gold content. The direct results of this process would be to cause the dollar to buy as many bushels of wheat or any other commodities at one time as another, provided those commodities fluctuated in line with the some 700 commodity prices to be used in the government s price index. LINDBERGHS IN IRELAND Couple Land at Calway; Come From England. By Umite4 Prett CALWAY, Ireland. Oct. 23Colonel and Mrs. Charles A. Lindbergh arrived by plane today from England.

MIMH .

VOLUME 15—NUMBER 141

BISHOP CANNON WINS REVIEW Supreme Court Agrees to Hear Case of Famed Methodist Head. By United Press WASHINGTON, Oct. 23.—Bishop James Cannon Jr., reform leader of the Methodist Episcopal Church, South, today was granted a supreme court review of the District of Columbia court indictment charging him with violating the corrupt practices act in his 1928 election campaign activities. The ruling is expected to delay for months any possible trial of the churchman and his secretary, Miss Ada L. Burroughs, a quiet, middleaged woman long associated with his reform activities. They were indicted two years ago on charges of failing to report contributions received from E. C. Jameson, New York capitalist, to aid their campaign against Alfred E. Smith.

‘We Are On the Way,’ President Tells Nation in *Fireside ’ Address; Lashes at NRA Chiselers

Two-Timer! Mistakes Question, but Lona Is Willing. By United Press Hollywood, oct. 23.— They were discussing polyandry in an offhand manner. “Could you,” asked Jack Oakie, "love two men at the same time?” “Yes,” brightened Lona Andre. “Where are they?” GALL JUDGE BAKER FOR SENATE PROBE Jurist Will Be Witness in Racketeering Quiz. Testimony and recommendations of Criminal Judge Frank P. Baker regarding crime conditions will be presented today to senate subcommittee investigating racketeering. Summoned before the committee by Dr. Royal S. Copeland, New 7 York senator, who is chairman of the group meeting in Chicago, Judge Baker arrived there this morning The committee will meet today and tomorrow and is expected to interview a number of mid-western authorities during the hearing. WIFE OF PROMINENT ATTORNEY IS SUICIDE Mrs. Edgar M. Blessing Shoots Self in Head at Danville. By United Prett DANVILLE. Ind., Oct. 23.—Mrs. Geraldine Blessing. 53. committed suicide at her home here today 7 byshooting herself through the head with a revolver. She was the wife of Edgar M. Blessing. Danville attorney, who formerly was a member of the Indiana public service commission and United States postal solicitor. 11l health was believed the motive for her act. Hoosier Ends His Life By United Prett WARSAW. Ind.. Oct. 23.—Burton L. Bodle, 61. shot and killed himself at his home four miles west of here today. He was believed despondent over his health.

The Indianapolis Times Cloudy and unsettled tonight and Tuesday; slowly rising temperature Tuesday.

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William N. Doak Former secretary of labor under Herbert Hoover. William Nuckles Doak, 51, died today in Washington. DOAK, HOOVER AID, IS DEAD Former Secretary of Labor Is Taken at Home in Washington. By United Press WASHINGTON, Oct. 23.—William Nuckles Doak, who rose from a railroad yardhand to secretary of labor during the Hoover administration, died at his home across the Potomac from Washington today. Death was due to a heart ailment. Mr. Doak was 51, a native of Rural Retreat, Va., and son of a confederate soldier. Over the opposition of the American Federation of Labor, he was named labor secretary by President Hoover, Dec- 9, 1930, succeeding James J. Davis. As cabinet member he launched a drive for deportation of undesirable aliens, and figured in a heated congressional controversy over establishment of federal employment agencies. When 18, he obtained a yardman job with the Norfolk & Western railway. After joining the Brotherhood of Railroad Trainmen in 1903. he rose from local grievance committee chairman to national legislative representative in 1916, a post which he held for many years. Mr. Doak had a part in the passage of much railroad legislation, including the railway labor act and federal control laws during the World war. Mrs. Doak was with her husband when he died. He had been seriously ill for several weeks. Masonic funeral services will be held here at 11:30 a. m. Wednesday. The coffin will be placed in Abbey mausoleum, near Arlington cemetery, pending burial later at Mr. Doak’s birthplace.

Optimistic Note Is Sounded in Speech; Makes Pledge That He Will Seek Corner on Gold to Obtain Control of Dollar’s Value. By United Press WASHINGTON, Oct. 23.—The strain of uncertainty regarding the government’s immediate monetary plans was eased somewhat today by a public declaration of President Roosevelt for a “sound currency.”

The President, in the fourth of his “fireside” radio addresses to the nation last night, raised the curtain of his monetary objectives, after first pledging himself to aid the farmer by raising the prices of his products, if not in one way, in another. “Government credit will be maintained,” Mr. Roosevelt said, “and a sound currency will accompany a rise in the American commodity price level.” He revealed another step in his monetary program for a managed currency based on a dollar of unchanging purchasing power when he announced plans to tighten the goevrnment's grasp on gold. The effect of his plan would be a government corner of gold, to prevent its export to European speculative centers. In simple language, the President traced what already had been accomplished during the seven months of his national stewardship and what he hopes to do. His program calls for the following; 1. Restored commodity price levels. 2. Control of the gold value of the domestic dollar. 3. Establishment of a government market for gold in the United States. To proponents of immediate revaluation of the dollar, he said: “Some people are putting the cart before the horse. They want a permanent revaluation of the dollar first. It is the government’s policy to restore the price level first. “I would not know, and no one else could tell, just what the permanent valuation of the dollar will be. To guess at a permanent gold valuation now would certainly require later changes caused by later facts. "When we have restored the price level we shall seek to establish and maintain a dollar which will not change its purchasing power during the succeeding generation. I said that in my messsage to the American delegation in London last July. And I say it now once more. “Because of conditions in this country and because of events be-

WILLIAM DOAK DIES

INDIANAPOLIS, MONDAY, OCTOBER 23, 1933

MASTER CODE FOR RETAILERS IS APPROVED President Signs Act; Sale of Goods Below Cost Is Forbidden. ORIGINAL CLAUSE OUT 10 Per Cent Section Is Dropped and New Provision Put in Place. By United Press WASHINGTON, Oct. 23.—President Roosevelt today proclaimed a master code for the nation’s retail stores, forbidding sales of goods at less than cost. The provision forbidding sales at less than cost replaces an original section which would have banned sales at less than cost plus 10 per cent. The latter was bitterly opposed by farm relief officials, w r ho feared it would work a hardship on farmers who are protesting against increased prices of things they buy. Details of the code, which the White House said would be disclosed at NRA headquarters, were delayed by slowness in sending the code back from the executive mansion to the recovery administration. POISON DEATH BEING PROBED Deputy Coroner Fears City Man May Be Victim of Foul Play. Detectives and Dr. J. E. Wyttenbach, deputy coroner, continued an investigation today to determine the mysterious poison which is alleged to have killed Thorne Fitz Randolph, 30, professor of chemistry in the Indianapolis College of Pharmacy, 803 East Market street, who died in St. Vincent’s hospital last night. Dr. Wyttenbach revealed that he suspected foul play, but would not substantiate his view until detectives complete their investigation today. An autopsy was ordered. Funeral services for Mr. Randolph will be held at 3 Tuesday afternoon in the Methodist church at Danville, Ind., where his parents, Mr, and Mrs. Roy Randolph, reside. Hourly Temperatures 6a. m 38 10 a. m 46 7a. m 39 11 a. m 48 Ba. m 41 12 (noon).. 50 9 a. m 43 1 p. m 52

yond our control in other parts of the world, it becomes increasingly important to develop and apply the further measures which may be necessary from time to time to control the gold value of our own dollar at home. Raps at Disturbances "Our dollar is now altogether too greatly influenced by the accidents of international trade, by the internal policies of other nations, and by the political disturbances in other continents. “Therefore, the United States must take firmly in its own hands the control of the gold value of our dollar. This is necessary in order to prevent dollar disturbances from swinging us away from our ultimate goal, namely, the continued recovery of our commodity prices.” In discussing the creation of a market for gold in the United States, as a step in the orderly realization of his commodity price program, Mr. Roosevelt continued: Establish Government Market “Asa further effective means to this end, I am going to establish a government market for gold in the United States. “Therefore, under the clearly defined authority of existing law, I am authorizing the Reconstruction Finance Corporation to buy newly mined gold in the United States at prices to be determined from time to time after consultation with the secreary of the treasury and President. Whenever necessary, to the end in view, we shall buy or sell gold in the world market. “My aim in taking this step is to (Turn to Page Two) MURDER TRIAL STARTED Negro Faces Count on Charges of Slaying Grocer. Trial of James Banks. Negro, charged with the* murder of Sam Ajamie, grocer at 1446 Roosevelt avenue, during an attempted holdup Sept 17, 1932, opened today in criminal court

Graf Zep Is Moored at Miami

Dr. Hugo Eckener Giant Dirigible Lands in Florida on Way to Chicago. By United Press MIAMI, Fla., Oct. 23.—Its huge motors purring leisurely, the Graf Zeppelin, Germany's giant dirigible, landed at Miami at 8:30 a. m., today. The big ship was en route to Chicago to visit the Century of Progress exposition. Dr. Hugo Eckener is in command. FOUR CITY FIRMS GET $130,000 U. S. ORDERS Marmon-Harrington to Build Nine Armored Trucks. Four Indianapolis firms have been given orders for approximately $130,000 worth of goods by the federal government. Largest order, $59,910, was given the Marmon-Harrington Company for nine armored automobiles for the army ordnance bureau at Washington. Denim clothing for use of civilian conservation corps workers was ordered from the C. B. Cones & Sons Company, 18 North Senate avenue, to cost $400,800, and Lewis Meier & Cos., 1002 Central avenue, $19,200. A $10,704 order for steel furniture was placed with the Keyless Lock Company by the treasury department. REPEAL STEPS BACKED BY SUPREME COURT Refusal to Consider Attack on Setup Viewed as Victory. By United Press WASHINGTON. Oct. 23.—Machinery set up for the repeal of the eighteenth amendment today withstood its first assault in the supreme court when that body refused to consider an attack on the method of ratification adopted by the Missouri state legislature.

More Sallys! Nudists Lease Lake in Northern Indiana. By United Press TTALPARAISO, Ind., Oct. 23. ’ Sager’s lake, favorite spot of Valparaiso university students for more than eighty years, has been leased to a group of wealthy Chicago residents for a nudist colony. The 135 acres of water and woods w 7 ill be converted into a “back-to-nature club,” and the lake has been renamed Lake of the Woods. The old residence, occupied bytwo generations of the Sager family, will be remodeled into a clubhouse. It is planned to construct a high fence around the property to keep out the curious. Public highways extend along two sides of the property. PLANS COMPLETED FOR STATE ROADS Construction May Provide Work for 2,000 Men. Plans were completed by the state highway department today for $500,000 worth of construction on feeder roads, designed to give employment to 1.500 to 1,000 men. The work will be financed by federal funds from the $10,000,000 alloted to Indiana for road construction, it was explained by Chairman James D Adams of the state highway commission. (A J 1 but a few skilled workers will be drawn from local relief rolls in the county where the work is to be done, he said. LAPORTE PUPILS STRIKE Walk Out of Classes; Charge School Aids Incompetent By United Press LA PORTE, Ind., Oct. 23. Twenty-five pupils at the Mill Creek high school went on strike today, protesting that a janitor and bus driver employed by the school are incompetent

COUNTY COUNCIL ORDERS NEW ARMS TO PROTECT JAIL AGAINST GANG RAID

‘ARMY’READY TO AID CITY IN BANDIT ATTACK 1,000 Cops and Guardsmen Could Be Mustered Within Hour. Acting on a tip from a police informant, a squad of detectives and several squads of uniformed police early this afternoon surrounded a house in the 800 block, North Keystone avenue. In five minutes, Indianapolis could muster the nucleus of a seemingly impregnable defense army. In an hour a force of nearly one thousand police and national guardsmen, equipped with modern weapons of combat and ten airplanes could take the field. Inquiries into the potential defenses of the city were prompted by the series of desperate deeds committed by a band of felons who have murdered, robbed and plundered in Ohio and this state since their escape from Indiana state prison a month ago. In the event of a raid on one of the county or city institutions as feared by Sheriff Charles (Buck) Sumner of Marion county in a letter to Governor Paul V. McNutt, asking for protection, the adjutant-gen-eral’s office and the city police would be able to act speedily but the state police practically would be ineffective. New Equipment Ordered Admitting the inadequacy of the state police in the event that the band of desperadoes should attempt a jail break here or be trapped in the city, A1 Feeney, state safety director said that his long fight for new equipment for the state police at last is bearing fruit. “If sUch a raid happened today,’’ said Feeney, “we wouldn’t be able to help at all with equipment. I have ordered ten riot shotguns and four repeating rifles as well as tear gas equipment, which will be delivered in a few days. I also have ordered ten speedy automobiles. Chief Mike Morissey revealed that his force is better equipped for an emergency. “The police have two machine guns mounted on cruising automobiles at the north and south ends of the city,” said the chief. “In addition to that, we have fifty-four cruising cars equipped with shotguns. Every man on the force carries a pistol and many of them now are carrying two. “The only way that desperadoes could strike the police a death blow,” the chief continued, “would be to seize the radio station in Willard park, and that’s impossible. The station is surrounded by a seven-foot fence charged with electricity. The windows are bulletproof. Two armed men are there constantly. There is only one door and that too is charged with electric current." Airplanes Available “I have plenty of tear gas equipment and extra arms, too,” said Morrissey. Adjutant-General Elmer F. Straub stated that six hundred armed men, ten airplanes, or more if necessary, and a quantity of army rifles, shotguns. machine guns and tear gas equipment is available at less than an hour's notice. All officials interviewed admitted that the gang believed to be made up of John Dillinger, bank bandit, and at least eight other felons are well-equipped for a fight. In a raid Friday night on the Peru police station, the gang stole two submachine guns, ten magazines of ammunition, one tear gas gun and three gas cartridges, three rifles, two sawed-off shotguns, seven bullet-proof vests, four revolvers and three police badges. At Auburn, a week before, the desperadoes took a machine gun, four rifles, several revolvers, bullet proof vests and thousands of rounds of ammunition. These seizures place the outlaws in possession of one machine gun, two submachine guns, several thousand rounds of ammunition for tfiem, seven rifles, two sawed-off shotguns, at least ten bullet-proof vests, at least seven revolvers and one tear gas gun with several cartridges.

Community Fund Workers Gather at Report Meeting

Contribution of $128,323.62 to the Community Fund was announced today at the first meeting of workers since the .pening of the campaign last Friday, held in the Claypool. The sum is 15.6 per cent of the goal. Charity's cash register rang for the first time for the year 19331934 today when the initial report meeting of the Community Fund drive was held in the Riley room of the Claypool this afternoon. After a week-end of solicitation, workers in the drive reported the generosity of Indianapolis residents

Entered is Second-Class Matter at PostolYice, Indianapolis

Approves Plan of Sheriff Sumner to Construct Armor Plated Gunner’s Cage, Purchase Machine Gun. WORK ON PLANS TO GET FUNDS Eleven Additional Deputies May Be Employed, Board Indicates After Tour of Prison Here. Grim-faced and aroused, the county council met in informal session at the county jail today and approved the plan of Sheriff Charles (Buck) Sumner for protecting Marion county from possible attack by organized criminal gangs. After an inspection tour of the jail, council members authorized county commissioners to proceed at once with construction of an armor plate gunner’s cage, purchase of a machine gun. five rifles and three shotguns.

SOVIET ENVOY IS DUE NOV. 6 Litvinoff to Make Swift Trip, Is Report at Washington. By United Press WASHINGTON, Oct. 23.—Foreign Commissar Maxim Litvinoff of Russia will arrive here by Nov. 6 to confer with President Roosevelt on Soviet recognition, the United States learned reliably today. U. S. FOREST HEAD KILLED IN PLUNGE Falls Seven Stories, Dies on Way ta Hospital. By United Press WASHINGTON, Oct. 23.—Robert Y. Stuart, chief of the United States forest service, fell from a seventh floor window of the Forest Service building today and died while being taken to emergency hospital. MAYOR ASKS CITY TO CELEBRATE NAVY DAY Proclamation Praises First Line of Defense Event Friday. Observance of Navy day, Oct. 27. in Indianapolis and the proper display of the flag was requested today by Mayor Reginald H. Sullivan in a proclamation. “The navy is the country’s first line of defense. The day is set aside to inform our people with the history and traditions of the service branch,” the mayor said in issuing the proclamation. STATE AGRICULTURAL COUNCIL TO CONVENE First Session of New Advisory Group to Be Held Tonight. First meeting of the Indiana agricultural advisory council, appointed by Governor Paul V. McNutt, will be held tonight in the office of M. Clifford Townsend, state commissioner of agriculture and chairman of the council. The council was formed to aid in applying the federal agricultural administration act. Times Index Bridge 9 Broun 4 Comics 13 Crossword Puzzle 14 Curious World 13 Dietz 14 Editorial 4 Financial 11 Fishing 3 Have a Hobby 6 Hickman, Theaters 5 Industrial 9 Lodge Page 8 Radio 7 Sports 10 State News 7 Woman's Page 6

'and recited the problems met in obtaining pledges to the campaign. The drive goal is $824,462. This figure represents the absolute minimum upon which the agencies of the fund can be operated during the ensuing year. Three thousand volunteer workers are canvassing factories, homes and offices in behalf of the drive. Sixty-five thousand persons contributed SBIB,OOO to last year's drive. Thirty-eight relief and welfare agencies participate in the drive’s funds. The drive is scheduled to end next Monday.

HOME EDITION PRICE TWO CENTS Outside Marion County. 3 Cents

Employment of at least eleven additional deputy sheriffs for the remainder of the year received tentative approval of the councilmen, pending a special meeting at which ways and means of obtaining the money can be discussed. It is expected that a special meeting will be held within the next few days. In the meantime, county commissioners and Sheriff Sumner will work out a pLan for getting funds for the additional deputies. “We are faced with a crisis that should crowd everything else from our minds,” said Ernest Marker, county commissioner, in opening the meeting in the jail, after councilmen had been summoned by telephone. "People Need Protection” ‘The people of Marion county need protection, and with our present equipment, it is impossible to give it to them,” Mr. Marker asserted. He was supported heartily by Thomas Ellis and Dow Vorhies, other commissioners, who explained that the SI,OOO needed for installation of the new equipment can be obtained by a transfer from food appropriations. Red tape was slashed without a dissenting vote as the council waived formalities in approving the transfer. Ordinance authorizing the expenditure will be approved formally at next council meeting, with authorities proceeding on verbal order, "No Time to Quibble” “Now isn't the time to quibble about such matters,” said Edward Resener, council president. "Let’s get this equipment installed before we have a wholesale jail delivery. When William Boyce, chief jailer, informed the council that the jail armory consisted of only six shotguns, and that no submachine gun was available for defense against heavily armed bandit gangs< he was authorized to purchase additional weapons. Under the plan advanced by Sheriff Sumner Saturday, the armor plate gunner's cage will be erected on the second cell tiers, commanding the one entrance to the cell blocks. It will be manned twentyfour hours a day by a deputy sheriff, armed with the submachine gun and shotguns. “No Delivery Here” "With this equipment, I will guarantee there will be no jail delivery from this jail,” Sheriff Sumner declared. As the council met in a tiny room in the jail, Jailer Boyce unlocked a desk drawer and removed three revolvers, seized within the last two weeks while they were being smuggled to prisoners. The councilmen eyed the ugly, snub-nosed weapons, loaded with dum-dum bulelts, which carry the force of a shotgun charge when fired. "We intercepted two of these guns before they got to prisoners,” Jailer Boyce said. “The third was fourd hidden in the Jail, along with a quantity of tools. I am confident that this discovery at the last minute was all that stopped a jail break.” "Get Your Machine Gun” One of the councilmen gingerly picked up a loaded weapon. Every one in the room cringed and instinctively ducked. The revolver was replaced on the desk. “There are twenty-seven men in this jail awaiting trial on murder charges,” Boyce continued. "This morning we had 236 prisoners, and the courts will send us about fifty more today. This jail was built to accommodate only 225 prisoners.” “Go ahead and get your machine gun, and if any one tries to get in or out, let 'em have it,” a councilman said The others nodded agreement. LEAVE GUARD DETAIL IN MINE STRIKE ZONE Military District Status Exists for Sullivan County. Sullivan county, mine labor trouble zone, today is clear of national guard troops except for a small detail encamped at Shakamak state park. However, the status of being a military district still exists for Sullivan county, it was stated.