Indianapolis Times, Volume 45, Number 166, Indianapolis, Marion County, 21 November 1933 — Page 13

Second Section

CONTROL OF STATE BANKS BY U.S. SEEN Government May Extend Activity to 10,000 Institutions. SINGLE SYSTEM SOUGHT Federal Group Is Obtaining ‘States’ in Financial Houses Daily. fly Bcripps-Horrard Newspaper Alliance WASHINGTON, Nov. 21.—A uniform national banking system, closely controlled by the federal government, is the objective of some Roosevelt administration leaders who would seek its accomplishment at the coming session of congress. The plan is to extend the present national banking system to cover state banks, now numbering some 10,000. the class in which there wpre the greatest percentage of casualties. The government now has some control over 700 state banks which are members of the federal reserve system. In several directions the administration is moving—and fairly rapidly—toward greater control over the country’s banks and toward a single system. Under the guarantee provisions of the Glass bank act every bank in the country will be forced into the federal reserve system within two years—by Jan- 1, 1936. At the present time, through purchase of preferred stork and through loans, the government is acquiring a stake in banks all over the country. Government Interest Increased This direct government interest is increasing daily as the government board created for the purpose Is assisting banks to meet deposit guarantee requirements through purchase of capital stock so they will be ready Jan. 1 when guarantee of deposits up to $2,500 will become effective. Whether by design or not, the administration has prepared the w r ay for practically any sort of control it desires to establish. A simple legislative act could so broaden the Glass bill as to bring all banks under the federal reserve system at once or even under more direct supervision into one national bank system. The present national bank system provides a closer government. control than does the federal reserve system. Extension of government control over banks, and interest in them, since March 4 has even opened the way for literal nationalization of banks by taking them over. There are some who would go this far, but this is generally regarded as beyond the administration's intentions. President Roosevelt is expected to pursue bank reform farther. He will not stop with the original Glass act. He regards bank reforms as complementary' to regulation of the stock market and control of security issues. Constant Check Needed His hands have been strengthened by the revelations of the part some big bankers played in the stock market speculative orgy. He is determined that the people's money no longer be played with loosely. In his opinion the government can perform a needed economic and social service by keeping a constant check on the banks. The President's recommendations to congress are expected to embody further bank reform proposals. Whether he will go so far as to urge unification of the banks now\ or rest with suggestions for eventual strengthening of control through the federal reserve system when that becomes all-embracing, is not known. But some of his advisers would take the next step at the coming session of congress and are talking about ways and means. In the new head of the treasury department. Acting Secretary Henry A. Morgenthau Jr., the administration has a man who is sympathetic to further government control over banks. His views are shared by such administration leaders as Agriculture Secretary Wallace. Bank Figures Decrease On last Dec. 31. there were 18.390 banks in the country, a decrease from 25.941 on June 30, 1928. Os these. 6,816 were members of the federal reserve system including 6,011 national banks and 805 state banks. Non-member banks numbered 11.574, of which 10.980 were state banks and 594 mutual savings banks. Over the last group the government had no supervision whatever. They were subject to varying state laws. The banking system thus is a hodge-podge. Any move directed against the state banks will meet with certain opposition in congress, particularly from the agricultural representatives. Such an attack always revives a fight on the issue of centralization of financial control. Some western members argue that such control may be all right in the hands of the present administration. but that another administration might follow the dictates of the Wall street financiers, and policies detrimental to the farm regions might be adopted Large Ranks Fail to Act. This argument, however, finds less response now since the banking debacle which struck the agricultural territory with as much force as it did the cities. Large banks have been particularly negligent in co-operating with the administration in the sale of preferred stock or notes to the government The administration sought to induce the large banks of strong reputation to participate in order to remove any reflection on smaller banks which sought government oapltal. The government is rather determined in it* course. In one case it sent examiners into one large institution in the effort to force the bank to participate by revealing its actual financial condition.

Full I<***d Wire Serrlre of the United Pren* Axxoclatlon

PRICE CONTROL IS SOUGHT

New Deal Barrage Aimed at 1926 Money Levels

Thi* Is the third of three articles on “Up With Prices ' explaining the theories and the s'eps taken by the administration to raise commodity prices. BY WILLIS THORNTON Times Special Writer THE law of supply and demand may have been amended, but it hasn't been repealed. That's why many people feel that mere juggling with the value of the dollar will not give absolute control over prices. Economists, like Dr. O. M. W. Sprauge, brain trust colleague of Professor George Warren, feel that the relationships of gold and currency and credit, and supply and demand and price, are much too involved to permit simple and mathematical control of prices. It Is agreed by almost all that reducing the gold value of money wdll tend to increase prices, but how much, how permanently, and how' soon—nobody can answer these questions accurately. The price of gold has already been put up from 20.67 to $33.15 an ounce on Nov. 10. That is within $3 of the figure of $36.17 which Professor Warren is supposed to have set as the level that would bring back 1926 prices. Yet prices have risen but little since the gold-buying plan was begun. In fact, the value of gold itself varies according to its own supply and demand. There is a whole school of economists who believe that gold is dear today simply because the war generated a load of debt faster than the gold mines could produce gold to cover it. But the administration itself seems to feel that other levers must be pulled to get prices back to that magic level of 1926. In fact, a few were pulled even back in the ‘‘rugged individualist" days of Hoover and 1932. Don’t forget that Hoover's late farm board bought a million bales of cotton and 250,0000.000 bushels of wheat in a vain effort to raise prices. non THE Roosevelt regime is trying ing it again. But it is making determined effort; it is installing more levers, and it has announced that it will pull them all, if necessary. For instance, if the gold price dickering doesn’t bring action pretty soon other means of cheapening the dollar lie at the President's hand. He can go farther than any one has gone before with the policy of having the federal reserve board buy up government bonds. That puts the board's money in the market in place of such bonds as it buys there, and tends to make money and credit cheaper. In 1932 a billion dollars’ worth were bought in the same way without conspicuous success. But President Roosevelt can buy three billions if he wishes. That might have an effect. If both these things fail, anew metallic base, including both silver and gold for paper money, might be adopted. Either bimetalism, coinage of both silver and gold at a fixed ratio, or Professor

New Hopes Grip Lines of City's Job Seekers

Scores. Awaiting Work Under New Deal Plan, Are Jubilant. BY TRISTAM COFFIN Times StafT Writer The young and the old drably clothed laborers, anxiously swarmed the employment office on North Meridian street this morning for government jobs. There were ruddy, beardless faces and wrinkled and seamed countenances. Names which had been on the relief rolls during the hard years of the depression answered to the call. These men stood waiting patiently for the doors to open, quietly talking among themselves. It was the first time many of them had experienced the possibility of a job in years. There was no scuffling as the men hopefully filed in the office. But there were smiles and jovial wisecracks as neighbor recognized neighbor. Although it was cold early this morning, most of the men were wrapped in sweaters or shabby coats. The day is a gala occasion. A job meant anew independence of spirit for those who had live through the benefits of charity. It means food and warm clothing for a winter that had looked futilelv black. A grizzled man in frayed clothing nudged a Negro standing beside him. ‘T never believed in NRA before.” he said, “but now that I’ve got a chance to get a job, I'm all for it.” "You feel different about those speakers that are all the time try-

STREET GAR DERAILED IN TRAFFIC CRASH Motorist Suffers Injuries, Faces Charges. A Northwestern street car was derailed yesterday afternoon at Twen-ty-seventh and Annete streets when it was struck by an auto driven by Jobra Waters, Negro, 55, of 151 West Twenty-sixth street. Waters suffered cuts and bruises and was taken to the city hospital. He was arrested on charges of failure to have a driver's license and failure to have certificate of title to the car. Front truck of the street car were forced off the rails. Several persons were aboard the car at the time of the accident. They were not injured.

The Indianapolis Times

UNDER the rigid gold standard, the price of goid and the value of money in gold was fixed, one ounce of gold being worth $20.67 Under President Roosevelt's new gold policy, the government is given the power to vary, at will, the number of dollars it will give for each ounce of gold. Through the Reconstruction Finance Corporation, newly mined gold is bnugiit at the government's price. The R. F. C'. also can buy and sell gold abroad, thus influencing the foreign market value of American money.

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Warren’s ‘‘symmetallism,” might be tried. The latter is a plan for coinage of an alloy of both gold and silver. Last of all, the President can, everything else failing, simply issue $3,000,000,000 in greenbacks —that is, paper money which is money because the government says it is, and not because it has any metallic or other backing. That would almost certainly make money cheaper. Those are the money remedies. But it is clear that the President himself feels the price problem must be attacked by direct means also. Most of the other new deal measures are aimed at readjusting the relationship between supply and demand, in the expectation that prices then will readjust themselves. nan TT'OR instance, what is the whole NRA program, looked at from this point of view, but a gigantic effort to increase demand? Wages for 4,000.000 people who drew no wages a year ago. Minimum wages for workers who formerly got a pittance. A boon for those workers, yes. But also part of a great plan to increase demand. On the other hand, observe the desperate efforts being made to decrease supply. The farm relief bill aims to reduce the cotton crop by 3.000,000 bales, by the

ing to rile us unemployed,” said a sturdy Negro laborer who had caught the words. “It's only when you haven’t got a job that you want to parade and the like.” The office employes worked busily, filling out forms, pausing now and then to look at that gray army waiting patiently. One of them, looking at the calendar on the wall, shouted: “Say, do you know that Thanksgiving is coming in a couple of weeks?” A buzz of conversation broke out along the line of job hunters. It is they, after all, who really will know the benefits of this Thanksgiving.

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BY LOU WEDEMAR (Copyright. 1933. by The Times) EDITOR'S NOTE—The narrative, “Black Hawk” is purely fiction and its leading characters exist only in the author's imagination. 0 0 0 SYNOPSIS Black Hawk, who signs his messages with a winged death's head, has threatened to destroy all industry in central Lndlana, Following an explosion at Ft. Harrison. Robert Martvne. wealthy Indianapolis major of military intelligence. United States armv reserve, has been assigned to investigate the case. The postoffice is bombed. Ava Breen, an old friend of Bob s, but wooed by Lionel St George. Indianapolis scientist, receives a warning from the Black Hawk, who also announces he will destroy Union station next. Leaving Ava's home. Bob is accosted bv an armed man. who says. ‘Come with me.” 000 CHAPTER FIVE WHEN the unexpected voice addressed him outside the Breen home. Bob Martyne stood still for an instant. His thought was friend or enemy? Would a friend speak in just that manner? Bob's hand went to his hip pocket; he realized he was not armed. Events had moved so quickly the last few hours that he had had no time to get a weapon. His gesture, however, brought swift action from the man who awaited him. He became, instantly more than a vague figure. "Up with your hands!” the unknown ordered, stepping from the shadow. His revolver, gleaming in the light of a street lamp, was pointed at Bob's breast. Bob obeyed, in the flash of an instant deciding upon a plan of action. He had no intention whatsoever of allowing his adversary to carry through his attempt at abduction or murder. Though he

INDIANAPOLIS, TUESDAY, NOVEMBER 21, 1933

Bi Under our former rigid gold standard, money worth one ounce of gold ] bought $20.67 worth of commodities. finder that standard, when there is an w oversupply of commodities, commodity prices go down—that is, mone> worth one ounce of gold still buys $20.67 wortli of commodities, but $20.67 L wdRTh 4 worth ts more of any commodity at j : *20.67 ”1 1 the lower prices. Let’s sa\ it becomes n -4 } 50 per cent more. | l uder such n condition of oversupply 1 and falling prices, if the price of gold p— ■■■ is raised, say 50 per cent, then an i jt 1 r_ J ounce of gold, now s3l, would buy only as many commodities as it did |--CUIYImUDMIIOi when it was worth $20.67. The price WORTH of commodities has thus been raised 50 31.00 ~ per cent, and restored to the level it til held before the 50 per cent decline \~j—l , .4/ j caused by oversupply.

UpHE purpose of President Roosevelt’s new gold policy is to raise prices of commodities. It is intended to work in this way: By raising the number of dollars paid for an ounce of pure gold, the government is making each of those dollars of less value in terms of the gold it will buy. Saying the same thing, differently, it would take MORE of these less-valuable dollars to buy a given quantity of any commodity, than before the price of gold was arbitrarily raised. And so, by raising the price ol gold, the government, hopes to raise the price of all other commodities. When you regulate prices in terms of dollars, or dollars jn terms of prices, or a little ol both, then you have a “managed, currency.”

simple method of paying farmers not to raise so much cotton. Pork prices have been among the slowest to respond. So last summer the government bought up thousands of young pigs and slaughtered them for the unemployed, thus feeding the hungry and reducing the future supply of pork in one move. More than $50,000,000 worth cf young pigs are to be bought this winter with the same object. The wheat limitation plan, whereby the government pays the farmer to raise less wheat, aims at the same thing—to reduce the amount of wheat so that what is left will rise in price. Government buying of forty or fifty million bushels for hunger relief has a double object: First, to relieve hunger; second, to reduce surpluses and create a tendency to a price rise. The policy of lending farmers 50 cents a bushel on their corn tends to raise com prices to that level, for corn on which you can borrow 50 cents is worth 50 cents, especially since if prices do not rise to that level later when your loan Is due, the government (taxpayer) stands good for the difference. nutt THE principle of reducing production to control prices is seen again in the oil code. Interior Secretary Harold Ickes already has announced that oil men must produce as much oil as the government thinks right, no more. That is to preserve national re-

STATE MEETING OF NURSES ARRANGED Address on ‘Mental Tests’ to Be Presented. The Indiana State League of Nursing Education will hold a meeting at 2 tomorrow at the city hospital nurses’ home, Miss Beatrice Gerrin, presiding officer, announced today. Dr. J. L. Rosenstein of the Herman Young foundation, will speak on “Mental Testing in Schools of Nursing.” The last volcano In the United States, Mt. Lassen, will not erupt again, according to scientists; its last eruption was in 1914.

might not care for himself, he had in mind a girl who was trusting in him. Taking only a moment in which to measure the stranger, Bob went into action. His opponent was nearly six feet tall, and straight as an arrow. He had a slender, strong body, and huge shoulders the shoulders of a man who kept in good physical condition, a wrestler or fighter. Bob didn’t pause to temporize. He could find out what the man was after—later. He leaped, striking up the revolver. a a a THE stranger did not fire. Bob had counted on that the other must have known that a shot would bring many witnesses. The gun, knocked from his hand, flew harmlessly across the lawn. The force of Bob s attack carried him and his enemy over on to the turf. His opponent's heel caught, and they went down. Bob, for a moment, was on top. From the corners of his eyes he saw r another figure slinking toward them across the grass. Although he moved swiftly, he apparently was taking precautions against being seen by passersby. In his upraised hand Bob caught the flash of a longbladed knife. He knew he was in a fight to the death. He rammed his right fist to the jaw of his recumbent opponent, but not before the man beneath him had clasped his throat in a grip of iron. Bob drove his knee into the midriff of his antagonist, and, Using every’ ounce of strength, rolled onto his side, bringing the other above,

sources, but also to stimulate a price rise by reducing supply. The same thing from another angle; certain of the cotton textile codes contain the promise that the manufacturers will not install new machinery. That, in the very face of a campaign to stimulate capital goods production, can be nothing but an effort to hold down the production of cotton goods, and again to tend to raise prices. All these things failing, it is clear that the government will not stop short of direct price fixing. The recent government success in forcing down the price of steel rails shows it. Note how the whole banking system gradually is being tied together in such way as to give the government closer control over credit conditions. The federal reserve system undoubtedly will be strengthened greatly when the rush to get in on deposit insurance begins. Few banks will be able to hold off. The government has become a stockholder in thousands of banks. All this gives it increasing control over credit, and hence over prices. Like the guns of a war-time barrage, the guns of the New deal are playing a continual drumfire on that one objective—to capture the price levels of 1926 and make everybody so secure economically that once again, as in 1926. the death of a movie actor will seem important. THE END

■RUGGED INDIVIDUALISM OVERDONE.’ GROUP TOLD NRA Based on That Issue, Says Speaker in Talk Here. “The NRA movement is based on the acknowledgement that there has been too much ‘rugged individualism’ in industry and that we must have co-operative interrelations.” This was the statement of H. E. Seeger in an address before the League of Industrial Democracy last night at the Y. W. C. A. Mr. Seeger said proper correlation and organization of industry would increas e the individual’s standard of living 300 per cent and require only sixteen hours of work a week. The discussion was based on a talk several days ago by Samuel S. Wyer, Columbus (O.) consulting engineer. %

a human shield against the man with the knife. There came the wail of a police siren. The knife was close to Bob’s shoulder w’hen he heard it. He shouted at the top of his voice; “Police!” At the same time he threw himself aside. The knife descended, and struck human flesh. a a a THE grip of his closer antagonist relaxed at that instant, and Bob realized that the knife had struck home—in the wrong man. The second man pulled his groaning victim away, Bob struggled to his feet, and as the headlights of the police car sw’ept toward them, the two figures fled toward the rear of the house. “Around that way!” Bob cried, as men from the police car ran toward him. He indicated the direction in which the two had fled, and joined the chase. It was useless. The fleetest policeman returned “Where's a telephone?” he demanded. “I got a part of the license number. It was a big black automobile parked on Fifty-third, all ready for the getaw’ay.” A moment later he was in the house flashing police headquarters the alarm. 000 808 crossed the wide lawn to his own home. This, and the homes of Mr. Breen and Dr. Si. George were adjacent, under the giant trees of North Meridian street. The Martyne residence, while lacking the huge stone laboratory and experimental building St. George had erected behind his, was perhaps the most prepossessing

DISEASE WAR INCLUDED IN WORK PLAN $50,000,000 Will Be Spent on Health Projects in Nation. 500,000 TO GET JOBS Professional Men, Women to Receive Benefits of Program. By Scripps-H award Newspaper Alliance WASHINGTON. Nov. 21.—The government will war not only on poverty and hunger, but also upon disease, as part of its emergency work-making project. Out of the $400,000,000 turned over to the relief administration' from the public works fund the government has assumed the task of spending some $50,000,000 on purely federal projects. Various de- j partments are submitting projects j daily to Relief Administrator Hopkins’ office and experts are busy gleaning from these ventures what will bring the quickest dividends in human well-being. On these purely federal projects j the government has undertaken to use 500,000 men and women. This j will relieve states and localities of | one-eighth of their task of putting ! 4,000,000 people to work. Many white-collar men, engineers, doctors, teachers, draughtsmen nurses and other professionals will be used. The type of projects are being examined and will be announced, Mr. Hopkins said, as they are approved. Those being studied are: Malaria control in fifteen southern states; typhoid and hookworm prevention through the building of sanitary latrines in five southern states; pest control projects; the building of fish hatcheries; sanitary surveys; coast and geodetic surveys; adult education plans. Airplanes are being pressed into service to deliver checks to the new j CWA's 2.000 disbursing officers and j to get them to the Pacific coast and other distant points in time for Saturday's pay-off. Administrator | Hopkins estimates that 1,000.000 new ; j federal holders will draw their first blue pay checks on Saturday morning. In all, some 2,000.000 blank checks have been sent forth. They are in denominations of SSO or less and j the amounts and names are left for the disbursing officers of the vet- | erans’ administration to fill in. The bureau of printing and engraving has been working in three shifts to get them out. The job is the fastest ever done by the government, not excepting wartime jobs. Disbursing officers will be required to submit weekly reports on the i number of men employed in each j I CWA center, the man-hours and the j ! amount of money disbursed. Mr. j j Hopkins thinks that by the Friday j ! following each weekly payday Washington should know how many emt ployes the CWA has at work and | how much the nation’s buying power 1 has been increased.

FOUNDRY OFFICIAL DIESi FUNERAL SET Thomas H. Wiles Rites to Be Held Tomorrow. Last rites for Thomas H. Wiles, 62, foundry superintendent of the National Malleable and Steel Castings Company, who died Sunday in Methodist hospital, will be held at 2 tomorrow' in Shirley Brothers’ west side chapel. He had been connected with the castings company since 1891, starting as a clerk. Surviving relatives include a son, John F Wiles; two daughters, Mrs. Mildred Hanley and Miss Dorothy Wiles; a sister, Mrs. Grace Clark, and two grandchildren.

house in the block, quite overwhelming the more modest Breen domicile. Yet, Bob thought as he rang for his butler, that the dim light burning in the foyer of his house lacked somehow’ the warmth that he associated with the house next door. Maybe that was because Alva lived there, and here he lived alone. But this was no time for reverie. He found a revolver, and got out a roadster. “I'm going to stop at the post office before I go out to Union Station,” Bob told the policeman at the curb. “Will you keep an eye on the Breen house?” The policeman nodded agreement, and Bob drove away, nodding absentmindedly to Wallace O. Lee, whom he nearly ran down. He had a little time for mental reckoning on his way dow’n town. So far his unknown enemy '-cd won every engagement. He had partially wrecked the post office, had mocked at Bob by leaving a threatening note almost in Alva’s hands, had attacked him and got away with it, and now he was threatening to destroy Indianapolis’ magnificent railroad terminal. Where would it all er If Black Hawk had mapped out a campaign of terrorism, his activities might continue along the same lines, with the intention of harassing the government until—although it was unthinkable the government agreed to his demands. It was unthinkable—but no one knew how many lives the refusal might cost. 000 IT would become increasingly hard to convince the public that Black Hawk wat not the agent of (Turn to Page* Nineteen),

Second Section

Entered as Second-Class Matter at FngtofTlre, Ipilnnapolla

HEAD NRA UNION

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General Hugh S. Johnson w'as confronted with a practical problem in NRA administration right “at home” when, on returning to Washington from the west, he found a movement in progress among the 1,100 employes of his NRA staff to form a union for the right to bargain collectively for shorter hours and more pay. The employes, with the backing of the American Federation of Labor, have elected Miss Margaret S. Stabler (above) secretary-treas-urer of the organization, and J. L. Donovan (below), president.

FEAR MOB ACTS IN HARTDEATH Alleged Slayers Still Held in Strong Jail as Rumors Increase. B'j United Press SAN JOSE, Cal., Nov. 21.—Increasing fear of “vigilante action” by indignant citizens, aroused by the brutality of the Brooke L. Hart kidnaping and slaying, led authorities today to decide to keep the blond youth's alleged slayers in the strong San Francisco prison indefinitely. While search for the body continued in the muddy bottom and along the shores of lower San Francisco bay, county peace officers learned of new threats against Thomas H. Thurmond, 28, and John W. Holmes, 29. The two men are said to have admitted killing Hart after abducting him here Nov. 9. Information reached the authorities that “twenty influential friends of the socially prominent Hart family” had formed a committee, purportedly to insist on immediate and drastic punishment for the prisoners. Angry crowds have threatened the alleged slayers twice since their arrests last week. A five-day search of the immediate area of the bridge brought no trace of the body. Grappling hooks brought up from the mud several concrete blocks and coils of wire alleged to have been used by the kidnapers and a shoreline searchers found a hat which Alex J. Hart, xvealthy father of the victim. positively identified as his son's. A pillow slip found in the bay was not the one used to cover the youth’s head, authorities said. NEW MEXICO PROBE” CONTINUED BY LEGION Committee Report Due Today on Political Activity Charges. Charges of undue political activity against the New Mexico department of the American Legion were continued yesterday with the hearing of evidence by a subcommittee of the national executive committee. James Ringley, Illinois, subcommittee chairman, who will report to the executive body today, said that the committee had not decided whether it would recommend disciplinary action. LAW SCHOOL DANCE PROGRAM IS ARRANGED Floor Show Feature of Event at H. A. C. Friday. Patty and Joyce Roesch, 2302 North LaSalle street, who are among the entertainers for the floor show to be given during the dance to be held Friday night at the Hoosier Athletic Club, sponsored by the freshman class of the Benjamin Harrison law school. The entertainment committee, composed of Miss Thea Miller, Miss Marian Schildmeier and Hugh Vest, has extended invitations to students of the Harrison and Indiana law schools, their alumni and friends. HICKMAN IS SPEAKER The Times' Dramatic Editor to Address Advertising Club. Members of the Advertising Club of Indianapolis will hear an address i by Walter D. Hickman, The Times, dramatic critic, on “Taking Off the Grease Paint,” at luncheon Thursday • the Columb ji Club.

1 S.-RUSSIA DEBT SNARLS TO BE UNTIED Final Agreement on Soviet Obligations Is Seen in Two Days. LITVINOFF TO DEPART Roosevelt's Aids Work With Speed to Remove Last Obstacles. By United Press WASHINGTON, Nov. 21—A So-viet-American agreement which would expunge the past and enable both countries to inaugurate their renewed diplomatic relationship with a clean slate may be reached Thursday. Complete, final settlement of Russia’s debt to the United States, American private claims against the Soviets for confiscated property and Moscow's counter-claims for America's 1918 military expedition to Archangel, would be included In the significant agreement if negotiations Commissar Maxim Litvinofl is conducting under high pressure with the state and treasury departments are successful. Though not yet within reach, this historic accord is in sight, the United Press w r as informed reliably, and both governments are hopeful that the perplexing financial issues betw'een them may be adjusted within a week of last Thursday’s resumption of diplomatic relations. Seek to Erase Obstacles Mr. Litvinoff and the American negotiators, Ambassador-Designate William Bullitt, William Phillips, undersecretary of state, and Henry Morgenthau Jr., acting secretary of the treasury, are using the utmost ingenuity in a determined e'ffort to come to terms on the sole remaining obstacles of the past w’hlch might impede Russo-American harmony. The commissar intends to go to New York Thursday noon to attend a banquet at which Senator Borah is to speak the same evening. Mr. Litvinoff plans to sail Saturday on the He de France or Conte di Savoia. probably the former. If a few' more days were needed to perfect the accord on debts and claims, the commissar doubtless w'ould postpone his departure, but he is eager to return to Europe and confer with the new Soviet ambassador to the United States, Alexander Troyanovsky, in Paris, Berlin or Moscow before the envoy proceeds to Washington. That Mr. Litvinoff decided to remain in this country for at least a week after President Roosevelt’s departure from Washington w'as due entirely to the project of crowning recognition with a financial settlement. Discussion of trade and credits has been subordinated w’holly to the debts-and-claims negotiations. The latter have eclipsed all other problems between both countries. The joint Roosevelt-Litvinoff statement, issued Friday, foreshadowed this development. United Press inquiries in high administration quarters revealed that Mr. Litvinoff and the United States government are evolving a concrete formula, by w'hich they propose to untangle the SovietAmerican debts-and-claims knot within two or three days. KAWMONE REPORTS ON AID TO JOBLESS GIRLS Help Given More Than 100, States Superintendent. More than 100 unemployed girls have been aided recently at Kawmone, according to a report made public yesterday by Mrs. Anna Paul Murphey, superintendent of the home. Young women seeking employment are given a place to live and aid is given them in their search for w'ork through the offices of the home. Kawmone has been in operation for two years, and is supported by gifts of money and donations of food, clothing, house furnishings and musical instruments. It is located at 2346 Broadw'ay. FEDERAL PROCESSING TAX BLANKS READY Information Available at Office of Internal Revenue Collector. Blanks and information on the federal processing taxes for hogs and field corn, can be obtained by calling or writing Will H. Smith, collector of internal revenue for Indianapolis. Hog processors must pay 50 cents per hundred weight on Nov. 5,1933, until Dec. 1, when the tax issl; then Jan. 1, 1934, the tax is $1.50, and on Feb. 1, 1934, $2 per hundred weight. Manufacturers, importers and wholesalers of field com and hog products must file inventories and returns. , INSTALL NEW BETHEL Order of Job’s Daughters to Inaugurate at Mlllersville. Mrs. Jessie Pruitt, Grand Guardian of the Order of Job s Daughters, will have charge of the installation of Millersville Bethel No. 16, U. D., at Millersville Masonic temple at 7:30 Friday night. Mrs. Dr. Harold M. Trusler, past Grand Guardian, will inaugurate the Bethel. All five Bethels of Indianapolis will participate. Master Masons and families are invited guests. Boy, 8, Is Fatally Hurt By T imrs (special GREENSBURG, Nov. 21.—Pinned between a truck and a school bus as he ran across State road 29 near here yesterday, Charles Leinenweber, 8, was injured fatally. ?