Indianapolis Times, Volume 45, Number 160, Indianapolis, Marion County, 14 November 1933 — Page 5

NOV. 14, 1933

R. EARL PETERS RESIGNS STATE POLITICAL POST Quits Chairman Job as He Announces Candidacy for Senate. (Continued from Pare One) state employes 2 per cent of their salaries a month. Mr. Peters insisted the money should be handled by Mr. Woods as treasurer for the state committee. The matter was settled by appointing; a subcommittee of the state committee to handle the funds. The subcommittee met yesterday and decided to continue the club for the time being, according to Alex Pursley, Hartford City, chairman. Disgruntled members oi the 1933 state legislature are scheduled to meet here tomorrow' at the call of Senator Thollie Druley, Boston. Members loyal to the administration will meet tonight to lay plans for a counter attack at the meeting of insurgents. The state committee, after receiving the chairman's resignation, was scheduled to go into a huddle and name his successor. This successor, according to reports, will be Dr. Carleton McCulloch, Indianapolis, defeated Democratic aspirant for Governor in 1924. Dr. McCulloch, if he is chosen, would serve as chairman until the state committee reorganization next May. He is reported to be backed for chairman by Governor McNutt and his advisors. In handing in his resignation. Mr. Peters reviewed the Democratic party's achievements in Indiana under his guidance since 1926. He paid a glowing tribute to “thousands of loyal enthusiastic party workers with whom I have had the honor to serve, to fight, to sacrifice and finally to win triumphant victories for the principles represented by our party.” The retiring chairman's announcement of his senate candidacy was brief. He concluded his resignation: ‘ While I desire at this time to announce my candidacy for the Democratic nomination to the United States senate, I am a candidate for even a greater and more coveted honor. I have no higher aspiration than to merit and enjoy the confidence and respect of the Democrats of Indiana with whom it has been my privilege to serve.” SMALL PACKERS GET U. S. HOG PURCHASES Action Regarded Displinatory Step Against Large Firms. CHICAGO, Nov. 14.—Thp government began today to turn over to small packers for processing the supply of hogs purchased on the open market here last week in an effort to relieve a deadlock between buyers and sellers. The action led to immediate talk among the tradp that the governmen was out to discipline the large packing companies.

RECOVERY ‘‘There are faint stirrings, seemingly real, of renewed activity as shown by building permits, volume of mortgage lending on the part of building and loan associations, by signs that investors generally are once more thinking of real estate. No authentic recovery can come without a more normal movement in the field of building construction and real estate . . . the ©real cure-all for the real estate or construe- - tion industries situation is a return, a renewal of normal investment. The wearing out of old structures and the ambitions of every new generation for desirable living quarters mean a steady stream of new building, except in periods of outright Here is a solid basis for capital investment, and only as this form of investment gradually reasserts itself can better times fully return to this country —The Saturday Evening Post. "Faint Stirrings." Oct. 14, 1933 / THE MARION COUNTY of BUILDING O LOAN ASSOCIATIONS

Stage History Is Being Made in Indianapolis Efforts of Arthur M. Oberfelder to Revive the ‘Road' Are Being Watched on Broadway. BY WALTER D. HICKMAN INDIANAPOLIS is no longer the “forgotten city” as far as New York theater managers are concerned. This change of managerial attitude in New York city is due to the courage of Arthur M Oberfelder, who is presenting Dinner at Eight” at English's as the first attraction of this season. When a road show has a capacity audience as it did on the opening night of "Dinner at Eight.” the news travels like wild fire. When the situation is studied carefully, Indianapolis becomes more important because last Sunday more people w’ere attracted to English's than in any one day in. at least, five years. Mrs. Nancy Martens nearly had a capacity

audience for the concert of John Charles Thomas at 3 p. m. At 8:15 p m„ people were being turned away because th house was capacity for ‘ Dinner at Eight.”

Mr. Oberfelder! Is a success in In dianapolis witl the first produc tion of this season. He assert: that the standarc he has establishecl will be main tained in his othe: produc tio n s o ‘Double Door and ‘‘There’s A1 ways Juliet.” | In “Dinner a‘ Eight,” the fol I lowing give splen did performance; 1 —James Kirkwood

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j James Kirkwood

in the suicide scene of the has-been movie actor; Eveta Nudsen as Mrs. Jordan who gives the dinner party at 8 on a Friday night; Virginia Milne as Mrs. Jordan’s daughter every second she is on the stage; Marian Waring-Manley as the old legitimate stage actress; Viola Frayne and Pierre Watkin as the fighting Packards, and, Jack Davis as the handsome Dr. J. Wayne Talbot. These show’s that Mr. Oberfelder will give Indianapolis will have a wonderful effect on this city. This city is back on the theatrical map. As Mr. Oberfelder is giving much more than the price he charges for

his highest seats, he deserves to have city wide support. a a a Indianapolis theaters today offer: “The Right to Romance,” at the Circle; “The Prizefighter and the Lady.” at the Palace; “After Tonight,” at the Apollo; “Doctor Bull,” at Keith's; “The Kennel Murder Case,’’ on the screen and Pat Kennedy on the stage at the Indiana; “The Mayor of Hell.” at the Lyric, and burlesque at the Mutual and Colonial. K. OF C. TO FETE NEW LEGION COMMANDER Dinner and Reception to Be Held At Marott. Informal reception and dinner honoring Edward A. Hayes, new American Legion national commander. will be held tonight in the Marott by Indianapolis council, Knights of Columbus. Speakers will include Mayor Reginald H. Sullivan, John P. O'Donnell, Bloomington, state K. of C. deputy, and district deputies. John J. Minta, Indianapolis council grand knight, will open the program. John J. McShane will be toastmaster. The United States contains more fossilized remains of dinosaurs than any other country in the world; Mongolia, Argentina and Bolivia also have large bone deposits.

THE INDIANAPHT.IS TTMES

MEYER-KISER BONDS ‘LOST/ JUDGEJARES Search for $270,000 Papers, Alleged to Be Missing, Under Way. (Continued from Page One)

the depositors’ committee, exhibited to the court a letter received from a railway express agency which stated no trace had been found of a bond shipment. Mr. Miller said he had not checked postal shipments. Other developments during the day's questioning were: Marion county lost $7,500 tax revenue annually because the bank reserves w r ere carried as private deposits; since 1924, the bank wrote off losses totaling $255,884.61; included in this amount was $5,000 to former Governor James P. Goodrich; grain speculations, previously said to have been conducted profitably, were charged off at a $2,818.89 loss. For fifteen years the bank operated at a loss, and was kept from closing by “contributions” from personal funds of the Meyer and Kiser families, and profits from other companies; a dividend w r as declared, despite a $29,000 loss, shortly before stock was issued for public purchase. Mr. Meyer said he was penniless despite receiving a salary totaling $332,224.02 from 1924 to May 4. 1933, augmented by $30,000 from the Lincoln Loan Company; Indianapolis investments proved profitable, while Florida and Gary (Ind.) ventures practically . have been lost. A letter was read Into the record showing that the true officers of the Puritan Investment Coiporation w’ere concealed at time a mortgage w’as filed, and later reinstated; Marion county lost $46,000 and the state, $24,629. in public funds, when the bank closed.

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