Indianapolis Times, Volume 45, Number 148, Indianapolis, Marion County, 31 October 1933 — Page 9

OCT. 31, 1933

—Barnes on Inflation — SACRIFICING OF CREDITOR CLASS JUSTIFIED MOST Favoring More Numerous Debtors Would Help Buying Power. Thin U th* trrond of of thrp* articles b? Dr. Harry Elmer Barnes answering current anti-inflationist propaganda from a non-Inflationist point of view. BY HARRY ELMER BARNES Times Special Writer The articles 1n the New York Times attacking inflation remind me of the ardent propaganda against free silver back in 1896. Yesterday I indicated the inadequacy of their refutation of the inflationist claim that inflation would stimulate our export trade and reduce the crushing burden of debt which we incited from the boom period. Today, I shall consider other arguments advanced against the inflationist program. It is true that inflation would work hardship on the creditor class in the effort to help the debtors. To look at the whole matter realistically. it comes down specifically to the question of whether, in the interest of restoring prosperity, the debtors or the creditors should be sacrificed. More Buying Great Need The depression can never be ended until we greatly increase mass purchasing power. The plain fact is that debtors are much more numerous than important creditors. Therefore, anything which notably improves the purchasing power of the debtor class will more directly and effectively promote prosperity. The debtors are made up of farmers who have been exploited by loan sharks and ruined by the deflationary of the great moguls of speculative finance; wage earners and salaried workers who were induced by installment-buying propaganda to make extensive purchases of automobiles and other goods and the unemployed who have used by their resources and have borrowed heavily to meet living expenses. Poor Spend More Than Rich Here we have the groups whose well being must be improved if there is to be the slightest prospect of recovery under capitalism The poor spend a far greater proportion of their income than do the rich. While there are obviously some creditors of moderate means, the fact is that the majority of the important, members of our creditor class are drawn from the wealthy. The dominant and moving figures therein are the enoromously rich speculative bankers of our metropotitan districts. The following from one of the articles in question flagrantly stands facts on their heads: "Asa group, the debtor class represents the speculative class (using the world ‘speculative’ in its broad, economic sense of ‘risk bearing ), while the creditor class represents the prudent, saving class, which neither intends nor expects any speculative return on its investments.” Reverse of Truth Stated This statement represents farmers and workers as speculators and Wall street bankers as prudent savers. Another example of specious reasoning: "For example. 58 per cent of American farms have no mortgages, and of the 42 per cent that are mortgaged, two-thirds are in eleven north central states.” The eleven north central states where farm mortgages are concentrated represent the crucial and important area of American farming. Here we have the productive farms and the vast acreage. Not infrequently one farm in this area is economically more significant and embraces more land than hundreds of farms in New York or New England. And whatever the number of farms, mortgaged or unmortgaged. one can not laugh off the solemn fact that a nine-billion dollar mortgage debt hangs over the head of the American farmer. Next—The revival of business.

DANCE All Night Tonight Halloween Frolic VILLA VANESE UlUnttviile rill.'iii MICKEY M’SHANE Fan Dancer 9-Fiece Orchestra (oirr. 50c W \. 3504-2

GALA CARNIVAL MASK BALL TONIGHT! FALLS CITY CASINO SSB Fast Washington Street ADMISSION I.V BEFORE 8:10 PRIZES FOR BEST COSTUMES lIAI. BAILEY’S Orchestra

MASK DANCE |P TONITE AT SKY H ARBOR * Dancing 9:30 Till ? Wj CASH FRIZES 111 One Block >nuth Municipal \irport ■ Free Dane ng Every Thurs.

WLEO A. SELTZER’S m ■ ALKATHoJy •W HOURS U rviinics ■ wE 21 HOI'RS A DAY | W STATE FAIRGROUNDS AMUSEMENTS IIANOTHER EEP tiOI BURIifK ATTRACTION I A j Jj Id'eVllt^V d.s l dating . I f.M iU Ii and M <!l-AVJ^

CITY COMPANY IS DESTROYED BY FIRE

Ruins of the Ermet Products Company, 2100 Caroline avenue, destroyed by fire early today, are sHbwn. The upper photo shows what remains of the exterior of the structure w'hich housed gasoline and varnish tanks. The lower photo is another view of the wreckage. The total damage was estimated at $75,000.

Splendid Program to Be Given by Russian Chorus Mrs. Martens Secures a Program for Indianapolis Which Has Been Sensational in Other Cities This Season. BY WALTER D. HICKMAN A STUDY of the program that the Don Cossack Russian Male Chorus w'ill sing at English's Friday night is the one which has been sensational in other cities of this country this season. The program which Mrs. Nancy Martens announces for Friday night is full of variety and novelty as well as such beautifully impressive numbers as "Holy Night” and "O God. Save Thy People.” This chorus of thirty-six men again is playing to capacity in many cities where they have appeared several times previously in other seasons.

There are indications that there will be a very large audience at English’s when Mrs. Martens presents her first night concert this season. The program is as follows: —Part. I—"Thou Alone Art Immortal”. .A. Kastalsky "In Memoriam" P Tchesnokon ‘■'At Church” P. Tschalkowsky -Part II Chorus from the opera, “The Life of the Czar” M. Glinka “Two Folk Songs" K. Schvedoff "Mv Lady ' Arr. by I. Dobroven "Beneath the Snow Mv Russia Lies".. Folk Song "Holy Night” N. Gogotzky —Part 111 Nonsense Songs" E. Napravnik "On the Road to Petersburg" Arr. bv S .TarofT Two Folk Songs. A GretchamnofT "Old Cossack Sonß" Arr. bv S. Jarofl a a a GAY TIME PROMISED ON ROOF An eerie array of Halloween decorations are hiding the Spanish beauty of the Indiana roof, where one of Indianapolis' most outstanding Halloween celebrations has been held each year since its opening in 1927. The gala Mask-O-Ween ball, to be held on the roof tonight, promises to be one of the year's gayest and most colorful dances, despite the weird decorations, and lighting effects. Masking will not be compulsory, but is encouraged by the roof management which again offers an attractive list of prizes for winning costumes. As in previous years, costume prize winners will be selected by an unbiased group of judges. Included among the prizes offered are money gifts and wearing apparel from leading Indianapolis merchants. Many persons who ordinarily do not frequent dances and entertainments have made it an annual habit to mask and join the merrymakers on the roof. Dance music, played by Percy Carson and his Edgewater Beach Hotel orchestra, will be continuous from 8:30 p. m. till 2 a. m. A group of entertainers, headed by Slim Green, will entertain the maskers between dance groups. Persons who do not dance will find table accommodations for several hundred in the roof's grill and balcony. The success of the dance engagement played by Herbie Kay and his Lucky Strike orchestra on the roof last winter is responsible for the return engagement which they will play here next Sunday night. Again appearing with Kay on the Indiana roof will be Dorothy Lamour, beautiful songstress, who made her bow to the spotlight as the winner of a beauty contest. a a a Indianapolis theaters today offer: "Footlight Parade,” at the Circle; MOTION PICTURES

JKv ON Tic The Picture You've Been Waiting For! BROADWAY 4, A KEYHOLE Also MICKEY MOUSE COMIC! —FRIDAY—JA C K PEA R L (Baron Munchausen Himself) JIMMY DURANTE “MEET THE BARON"

lAST S DATS FOX I HOT FROM PORT O’ I NEWS PETROGRAD CALL STARTING FRIDAY 1933 s Sig Football Roranco “SATURDAT^JILUONS”

“The Worst Woman in Paris,” at the Apollo; “I Loved a Woman,” at the Lyric; “Broadway Through A Keyhole,” at the Palace; Halloween Frolic on the stage and “The Way to Love,” on the screen at the Indiana; “Paddy, the Next Best Thing.” at Keith’s, and, burlesque at the Mutual and Colonial. Aged Man Hurt in Fait Mathias Conway, 58, address unknown, suffered 'lacerations of the head when he fell in front of 423 South Alabama street last night. He was removed to city hospital.

MOTION PICTURES

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All Persons Attending after 6 p.m. IN COSTUME Admission 25c Anywhere Bill ■ toForbesa"dNttHdgaJßvsicJ

r*T*TwTlT#7|jj] Hurry! Last 2 ' wMmm ANDY 3IJfI’MI9 CLYDE 1) “h.s* weak ADOiHWE MEIUOU Morarnt' J&ENITA HUME 11

■g- ALAMO IE GEORGE O’BFtIEN EL BRENDEL ZANE GREY’S GREATEST ACTION DRAMA “LAST TRAIL”

ifj JLJinisctill6P.il. 25c after 6 LAST TIMES TODAY! Aanet U9>ar, Warner Baxter In "Paddy the Next Best Thing” STARTING TOMORROW GARY COOPER in “One Sunday Afternoon”

THE INDIANAPOLIS TIMES

NEW ECONOMIC PLATFORM FOR G. 0. P. URGED Charles Jewett Slaps at Democrats in Speech at Irvington. Equitable distribution of wealth, government regulation of credit, shorter hours and higher wages, were held up as high points in the new economic order toward which the Republican party must work during the ensuing three years by Charles W. Jewett, former mayor, in a talk last night before the Irvington Republican Club. Mr. Jewett charged the Democratic party under President Roosevelt already has set aside the Constitution. He pointed to the limited grant of power to the President as the opening wedge to autocracy. Sees ‘Great Danger’ He said great danger to the whole political system is evident unless the Republican party has the foresight to see the changing economic conditions and bring about a return to “fundamental truths.” He praised the Republican party for aiding the NRA and supporting state and national administrations without undue criticism. Assails Primary System He compared the Democrats to | the twenty-year locust asserting | ’’that about every twenty years it [ comes into power, strips everything that is green and then retires until : another generation comes on that has not heard of the locust.” Mr. Jewett urged the Republicans to frame a block-by-block organization for the coming elections. He ' rapped the primary system of j selecting candidates, j James P. Goodrich, former Gov- | emor, who was billed as a speaker : was unable to attend. Edward J. Hecker Sr., president of the club, presided.

J“Kiss Me Again . . . My Little Gypsy Sweetheart. Ah, Sweet Mystery of Life!” tt Victor Herbert Week at the Hear ... VAUGHN CORNISH Famed Baritone Ring These Enchanting Songs! Delicious Food and Beer 117 N. ILLINOIS ST. (Opposite Traction Terminal) NO COVER CHARGE

■■ HOWARD Berkeley i SQUARE liH IVITH uil HEATHER ANCEL MP-sn slim Mncn. Hi3l% \ McasflfrvTfg

V~L seNT atI()NS , i'h neighborhood theater?

NORTH SIDE rr if v*/ r 'vnprp Talbot * 22nd 1 x\H5vJ 1 1 Family Nite ZaRU Pitts “HKR FIRST MATE” Stratford Lily Damita “GOLDIE GETS ALONG” Murr a Noble at MasslTlJC>Y>iV>ir\ Family Nite Lily Damita • GOLDIE GETS ALONG” fiDD TpE 111 at noth Vj/\IYI\Iv>IY Geo. Arliss Bette Davis “THE WORKING MAN" TANARUS) 171 Y" 30th & Northwestern -Lw-EjA. Helen Twelvetrees Brace Cabot ' DISGRACED" T?TT7 Illinois at 34th lIT X LA Marie Dressier Wallace Beery “TUGBOAT ANNIE’* UPTOWN Double Feature Ronald Colman “THE MASQUERADER" "MAN WHO PAR ID' ST CLAIR * . ' xllv Helen Hayes Robert Montgomery "ANOTHER LANGUAGE" Hollywood Z?rr Henrv Garat "ADORABLE DREAM “'n.."Helen Twelvetrees ‘'DISGRACED" EAST SIDE ~ Tj |\7/'\T T Dearborn at 10th I\l VULI Schnonle Durante Madge Evans "BROADWAY TO HOLLTWOOD” EMERSON SSiST "GOLD DIGGERS OF 1933” P t nu rn 2930 E. Tenth St. r rvi\l\ UylY Double Feature EDDIE CANTOR in WHOOPEE" "FLYING DEVILS" ID VINr ® • E Wa,h - UVtllTYj Family Nite Loretta Young "SHE HAP TO SAY YES" HAMILTON Edmund Lowe "HER BODYGUARD" “THE DEVIL'S IN LOYT" Washington Washington St. F~*" NiIe—"SELF DEFENSE "

Instructions in Contract Bridge

Today’s Contract Problem The contract for the following hand is four spades by North East cashes two rounds of clubs and leads a third club which you mieht ruff But what is the correct play? A K Q 10 9 V 3 2 ♦AQ 6 5 2 A 3 2 A A V N y (Blind) U’ E (Blind) ♦ s ♦ A 1 A AA J 7 VA 5 4 ♦KJ 8 7 AS 5 4 Solution in , next issue. 23

Solution to Previous Contract Problem tt tt tt BY WM. E. M KENNEY Secretary American Bridge League UNFORTUNATELY, too many people allow honors to influence their bidding. I presume that the majority of my readers, if they picked up a hand containing 150 aces, immediately would open the bidding with at least one no trump. But this is not always correct. Take, for example, today’s hand. South has no advantage in opening the contracting with one no trump. He can not possibly gain a trick bv the opening lead. Therefore, if he is to receive any benefit from the timing factor, his partner must play the hand at no trump. So he opens with a heart, North

I niasko’WEEN a I FBOUC and■“ I m. riU/ r, 40c All ® ve * llj m ' comin^ II 1 ,M Tatl £o B a e TP l<> J HK^toof

MOTION PICTURES

EAST SIDE STRAND 1332 E. Wash. uIIYAIH/ Edw. G. Robinson “THE LITTLE GIjNT" TUXEDO m^'^ OTk Esther Ralston "AFTER THE BALL" T ATOM A 2142 E. Wash. St. 1 rYV>Y J IITI/\ Family Nite Buck Jones "CALIFOR NIA TRAIL" SOUTH SIDE GRANADA” Fountain Square Double Feature—Laurel and Hardy "ME AND MY PAL” Schnozzle Durante-Madge Evans "BROADWAY TO HOLLYWOOD’’ CAVTUkCIJC Prospect & Shelby Jrvni/GIYJ Double Feature Warner Baxter "I Loved You Wednesday" "ANN CARVER'S PROFESSION" FOUNTAIN SQUARE At Fountain Square KAY FRANCIS in "THE KEYHOLE" Victor .Jorv-Loretta Young "DEVIL'S IN LOVE" ORIENTAL E rlrr„ THE LITTLE GIANT" Roospvplt s ‘ Meridian IVUiraCTUII Chester Morris "TOMORROW AT SEVEN" AVALON ™ Mary Brian "Moonlight Pretzels" LINCOLN Elissa Land! “I Loved Ton Wednesday” GARFIELD 17^ “EAST OF MARY HOLMES” WEST SIDE BELMONT M Family Nite Douglas Fairbanks Jr. "Narrow Corner” daisy Jark Holt. WOMAN I STOLE” PRINCESS Far Wray "VAMPIRE BAT" AT) r> A nr 1911 H Morris St. rUvLIALHj Marion Davia -SLONAiR OF THE EOUJtg"

says a spade, and he comes back with a two-diamond bid. North says two no trump, and South goes right into three. While I do not favor the bidding of a weak four-card suit, or of three-card suits, both rules must be broken in this hand. You do not want to play the hand at no trump in the South. If it is to be played at no trump, South wants his partner. North, to be the declarer. Therefore, the bidding should be opened with a suit, hoping that partner's response will be no trump. When North responds with a spade that does not help at all. Now try to fill his weak spot for no trump. You hold the ace and king of diamonds and undoubtedly he was unable to bid no trump, due to his weakness in diamonds. Therefore, you bid two diamonds. This is a constructive bid and there never is much danger of partner passing. Now your partner, with the queen of clubs and the queen of hearts, realizes that you are endeavoring to throw the no trump contract into his hand and he bids two no trump. You immeditaely go to three notrump. tt U tt WITH the jack of clubs opening your partner simply ducks the first club and now he is sure to make four spade tricks, one heart, two diamonds and two clubs—nine in all.

YOUR MONEY BACK if You Can Buy Elsuwhuru FOR LESS! READ THIS I Yont Moisy Back | ™^™***™** W - If You Can Buy for Less " Elsewhere. _ _ I If you can buy the same, or Z ■ II" B ■ ~ even similar, merchandise I ill K Bfa ** any place else in Indiana, N HI %g ■■ Z for less than you have paid - I W ■ ■ ESI lyf jB BrfP “us for it, we shall immedi- \ ately and cheerfully refund - "mm a m - the difference. - You Money! 1 ,>n " ‘ □ □ smm tr m w , WEDNESDAY AND ST HR For Your Old thursdat only; w TWO I)AY r SPECIAL it? Ilf fi M M B® (fa We shall allow you $5.00 for g| 33 3# k your old mattress on any new Bvlbb I I |ALi 3# mattress in our □ □ SU||| BEDROOM SUITES If it were possible to place one of these suites in your home and leave it for agjfcs. 1 one week, you would not be without \ it for twice the amount you have paid. Wmjffffßß&EL Ilgßßßßs§fP§r tHA Sold SUITES 1 ' | ■■ ■■*■■■■■■ ■■■— ■■■—■■! ||, —1 M OUI

A KQ J 8 V Q 4 ♦JB 7 5 AQ 5 4 A1032 A 7 $ 4 ¥ J 109 N 7 2 W E 410 9 4 ♦ Q 62 S A J 10 9 AKB 7 2 AA 9 6 VAB 5 S AA K 3 A A 6 3 23 ' ■

If South plays the hand at no trump. West will open the jack of hearts and it will take mighty fine playing on the part of the declarer to make three no trump. But with North playing it, the hand is a spread. (Copyright. 1933. by NEA Service. Inc.) ! LOSS OF BLOOD FATAL Army Sergeant Cuts Artery in Arm After Row With Lover. Bff Vnitetl Prrt* BELLEVILLE, 111., Oct. 31. Lawrence Soloway, 35, a sergeant of the fifteenth observation squadron. Camp Custer, Mich., died after excessive bleeding here today. He sustained a severed artery when he pushed his arm through a pane of glass trying to reach his sweetheart who had fled from him after a quarrel.

PAGE 9

WOMEN URGED BY FIRST LADY TO HELP NEEDY Asked to Assume Lead in Raising Relief Funds for Winter. Bu ’ niff4 r mu CHICAGO. Oct. 31.—The nation’s women were called upon by Mrs. Franklin D. Roosevelt today to assume "personal responsibility” in the raising and administering of j funds for the needy this winter. “It is primarily the job of women to educate governments and people to their responsibility in relief,” Mrs. Roosevelt told state and local chairmen from forty-four states j faced with the task of raising ! $55,000,000 for Community Fund projects in the next few weeks. Added to her address, made as chairman of a meeting called in behalf of the 1933 mobilization for human needs, were equally urgent pleas made by Newton D. Baker, permanent chairman of the mobilij zation group; Jane Addams, founder of Hull House, and Harry Hopkins, (federal relief administrator.