Indianapolis Times, Volume 45, Number 163, Indianapolis, Marion County, 17 November 1933 — Page 27

NOV. 17, 1933

MONEY ROUTE IS DRAWN FOR U. S. BY PROFESSOR George Warren Outlines Plan for Stabilization of Currency. (Continued From Page 21) cheapened dollars at all. We shall see. Professor Warren, however, believes strongly that this is the one big step necessary. He wrote in August: “It would be a great calamity to be deluded into thinking that the rise in prices which has come from a decline in the gold value of the dollar is due to currency, credit or government control of agriculture and industry, all of which came later. “None of these can succeed except as the gold content of the dollar is reduced, and if the gold content of the dollar is reduced by the right amount, none of these Is necessary.” Professor Warren’s "compensated dollar” is simple in principle. He wants to keep the principle that a paper dollar should be redeemable in gold. But he argues that it is silly to allow the price of important things like bread and shoes to be influenced by the price of a useless metal like gold, which itself fluctuates according to its own supply and demand. o an HE would, therefore, take an average of the prices of the things by which men live. When that average rises, say 10 per cent, then he would make the dollar redeemable for 10 per cent more gold than before. If prices fell 10 per cent, then he would take 10 per cent of the gold out of the dollar. Thus the dollar always would have a sympathetic relationship to the prices of other things. Perhaps, though no one can be sure, this is what President Roosevelt meant when he said “thus we continue to move toward a managed currency.” Such management of currency is not as new as many people assume. England, off gold, had such a currency from 1914 to 1925, and again since September, 1931. Yet she has contrived to keep her home prices steadier than we have here. Sweden, forced off gold with Britain, is the most conspicuous example of successful currency and price management. The Swedish system Is no patented process—it simply consists of the wise use of powers such as our own federal reserve system might have if it were extended to practically all banks, and were used to control credit and banking functions with the definite object of keeping the price level steady. For instance, no one knows how much grief we might have been saved if our federal reserve system had been able in 1929 to cut off the flow' of speculative funds which blew up the stock market bubble until it burst. True, it didn't work then. But the point is. the principle was established even here twenty years ago. Establishment of the federal reserve system was simply to give control over bank credit money (the most-used kindi through setting rediscount rates and open market buying and selling of government securities. That this has amounted to an influence rather than complete control doesn't matter. The point is that twenty years ago we agreed to the principle. Now we are about to carry it to the end. NEXT—Eyes focus today on the new gold policy. But that is only one of the levers the President can pull in his determination to raise prices “in one way or another.” How some of these other levers work. Denies Kidnaping Charges Py Time* Special COLUMBUS. Ind., Nov. 17.—Pleas of not guilty to kidnaping and robbing Gwynn Howland, filling station attendant, here, were filed in circuit court here yesterday by Julian M. Patterson, Indianapolis, on parole from the Indiana state reformatory.

CAKES Here's an appetizing, healthful breakfast your family will enjoy several times each week—and one you Ijb-. F can prepare in a jiffy! With KO-WE i BA Pancake Flour, you make tender, : / b golden-brown pancakes, in no time at all. Served piping hot with maple JhjjjM syrup, they're perfectly delicious; v best pancakes you ever tested! \\ ith your ’cakes serve KO-WE-BA I IS c- 2 Kinds of Pancakes I|D KO-WE-BA Fancy Pancake Flour !r. Yl,™* vOfFEL an ' l KO-WE-BA Buckwheat Flour. KO-WE-BA, supremely delicious LILY lirand, mellow and rich NEW DEAL, mild ani low-priced

PIANO PRODIGY

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She’s the nation’s newest prodigy, but Ruth Slenczynski, the 8-year-old pianist whom New York’s hard boiled critics acclaimed after her debut there, isn’t a bit affected by her ruse to fame. A native of California who has received all her training from her father, the young celebrity showed this childish smile when the cameraman came for her picture. Below’ is a closeup of her small, stubby fingers w’hich amazed critics because of the volumes cf sound they w’ere able to draw from the piano.

CITY RUBBER PLANT TO HOLD ELECTION City Employes to Ballot Under Federal Plan. Harry' B. Dynes, conciliator for the United States labor department, was named today to supervise an election by employes at the United States Rubber Company plant in Indianapolis. Dynes also will supervise an election at the Ingersoll Steel and Disc Company in Newcastle, Ind., where both employers and employes requested balloting to determine workers’ representatives for collective bargaining. •WILD MAN’ AND AID TAMED BY OFFICERS Two Held on Drunk Charge Were Terrorizing Neighborhood. After excited telephone calls from people living in the vicinity of 826 East Washington street, w r ho reported that a “wild man with a gun was loose in the city,” police went to the garage at that address and found James Grady, 33. of 729 North Pennsylvania street, menacing a group of people with a pistol. Grady was arrested charged with drunkenness and resisting an officer. Felix Crosson of 834 South West street, who police assert was with Grady, was held on the same charge. $67 ROBBERY REPORTED Thief Gets Loot From Room In Statehouse. Miss Sylvia Scearcy, an employe at the statehouse, reported to police that a purse containing $45 in cash and eyeglasses valued at $22.50 were stolen from Room 148, statehouse. yesterday. The empty purse was found, according to the police, at C)hio street and Senate avenue early today.

MARKET PLACE MAY BE RAZED. SULLIVANHINTS Funds Sought for. Removal of Tomlinson Hall, Last Fire Trap. Razing of Tomlinson hall and erection of anew building to replace the last remaining “conflagration block” in the downtown area listed in the report of the National Fire Underwriters Association, loomed today. Removal, in all probability, will be made with funds obtained from the federal government, under the new civic works plan. A meeting will be held in Mayor Reginald H. Sullivan’s office at 11 today, where he will explain to his "little cabinet” and many private citizens, conditions under which Indianapolis will obtain funds. Each department head of the city government will get instructions as to his part in the relief program. Removal of the Tomlinson hall site and its replacement by a “suitable building” has been considered since a disclosure made recently by The Times of the enormous cost and drain it has made on the taxpayers in recent years, as well as the minor revenue return. The Times also pointed out that many taxpayers in the vicinity of the last remaining “conflagration block” would obtain drastic reductions in their fire protection insurance costs. Works board members, William Hurd, building commissioner, and other department heads of the city government will advocate the removal and replacement at today’s meeting, it was reported. They will point out that with removal of the old Denison hotel building at Pennsylvania and Ohio streets, the Consolidated building just across a fifteen-foot alley on the Pennsylvania side received a decrease and rebate of $.60 per hundred on fire insurance costs.

The Largest ft P P P D C Poultry House w# K B? ML It 29 BOILING ft CHICKENS gc Heavy Breed, _ _ Milk Fed Rocks gfl and Reds. . . B FRYS u - IQc LEGHORN dt A FRYS MU c CITY POULTRY MARKET 111-113 N. New Jersey St. Corner Wabash—the Red Front Phone Lincoln 4979 The Largest Poultry House in City Free Dressing parking space

If You Want Early morning delivery on quality milk, just phone CHerry 3519 East End Dairies, Inc. 577 No. Highland

TURKEYS Young Milk and Corn Fed for THANKSGIVING. OP Per pound LtDC Dressed on the farm—Dressing Free. Leave Orders at BOYER'S HATCHERY 138 N. Delaware. RI-5470.

i APPLES I Another Carload Sale Saturday STAYMAN WINESAPS GRIMES GOLDEN Per Bushel ft H Basket O 1 iVU OTHER VARIETIES QCn Per Bushel Q Q Basket I BALDWINS and nr Bushel I R, I. GREENINGS •OC Basket HAMELL BROS. |S? 230 Virginia Ave. .. South of Elevation

THE INDIANAPOLIS TIMES

Sugar— lo-47' I °s P Zo2ros ■ J HILGEMEIER’S M FOREST MANOR I Pure Kettle Lbs. 1 WORLD’S FAIR Unidl %M Rendered FOOD STORE 30th and Sherman ■■ I vr ~ rT Ml SUNSHINE BRAND m Mljl ■ft fgp Milled From the Finest Wheat - C Indiana's Largest HU Jf M 11 For All Baking M IfooTKcet * 24-LB. SACK ■ Standard's Great and and --'lk Achievement BTI JjLJI| f | Jackson’s Finest I “2?.*!® 1 KUtter CREAMERY J ,< c I Open Friday V4“Lb. Prints, Lb. Till 10. Saturday wSP Night Till n not country roll-pasteurized pure cream butter ■ Oranges - ~ 2°27c o 1 c ■ Apples i te^; 5 25,i 7m 19c MARGARINE w 2-15 c I Leaf Lettuce —u.5 C mi n iirnAi $1.03 9 Tokay Grapes t ' ra '2 u,, -15c wULI# 24 Lb. sack 2 I Bananas Goid " r,p * 4 Lb - 25c CHERRIES 10c 1 Cranberries Lb. 10c . ________ _ _ TANcroiurQ LIBBY’S PEACHES 15c ™2 29c APRICOTS 3£ 25c FLORIDAS DOZ — PINEAPPLE 2 25c Quality Meats in Our 91 Meat Dept. Stores Hilgemeier’s “ B sr u. 17c SUGAR CORN 3~~ 25c Pork Roast li.Bhc a * r* Pork Roast - c rlimrAlN Newl933 Pack L IDC Pork Sausage “• 1 2Hc GREEN BEANS au 2 -15 c i Chuck Roast • ci ° i " c " ,s u 13c Swiss Steak Shoulder Cut Li). gc | Kellog's All Bran 2 pl ® 25c 3-F Coffee Blended Flavors Can A . , fH Comb Honey Heavyweight 15c Dr Priro'c ’ 4 -° z 1(V Steak Round or Sirloin Lb. 21c _ .. . ___ c .. ur. mce sumon viu, bu. iuc .. . . . ' .. . _ Corn Meal Ground 5 Lbs lUc Quaker Oats ® uic , k 8r Vea Cutlets Lb - 23c chop., u. 19c D . - .o, ,* r u Uafs cook t Pks Pancake Lucky Lad 2 Pkgs. 15c Spaghetti Beech Nut *££ 25c Fresh Oysters comaiis*™. 23c q 45c oats Giant 55-Oz. Pkg. Apple Butter ***'* N caP 15c Sugar Creek Butter && 28c Jf atc , h * s , °°Z 111 Apple Sauce— N c v io c Dried Peaches PaC k 2 25c Seeded Raisins p'kg z 5c !S R ribb A on i 72c j- ux Flakes * 21c PENNANT SYRUP LIIX TollCt SO3P 4 ,,r ‘25c 12c S 35c p & Qwhite Naptha Soap 4is 15c Kaffee Hag Coffee i.,.., { MB „ . iq a The Coffee That Lets Tou Sleep 45c ivory ooap floats Bars | C FREE! s rkT 31 cl CHipSO granules 229 c CAKE FLOUR w ■ Butter Crust Pie Co.’s Special \Ummm POMPEIAN nmmK CARMEL NUT or MINCEMEAT ft I pi es ... . Jmj HJ^29 c 3 ,a ’ ?< 2i 5 c [INDIVIDUAL STRAWBERRY PIES ... 5c Mm M Food MM aiCTmßmiSrawVilfiiiiMM

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