Indianapolis Times, Volume 45, Number 200, Indianapolis, Marion County, 30 December 1933 — Page 1

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GENERAL JOHNSON PUTS FOOT DOWN ON BANKING CODES; BARS HIGH FEES

Hefuses to Let Agreements Go Into Effect and Fires Assistant for Issuing Press Release. (CITIZENS HERE SIGH WITH RELIEF Checking Account Owners Had Planned to Withdraw Funds From Institutions, Is Report. Indianapolis citizens with small checking accounts today fcighed with relief following announcement that a schedule of almost prohibitive fees for bank services, to have gone in effect Monday under the state banking code, has been held in Abeyance on orders of General Hugh S. Johnson. Orders to hold up all such codes throughout the country were issued last night by General Johnson with the statement that orders for banks to adopt codes in conformance with a set of fair banking practice rules had resulted from crossed wires at recovery administration headquarters.

Cary N. Weisinger Jr., deputy in charge of the banking code, blamed for issuing a press release inferring that General - Johnson had approved the rules, was dismissed from office, according to wire dispatches. General Johnson said the rules never had been shown to him for approval, adding that the first he knew of them was when he read them in newspapers. He announced the time for banks and clearing houses to file "acceptable” rules with the NRA has been postponed until Feb. 1, e:ective date of the bankers’ code. The local code provided a service charge of 50 cents a month on all checking accounts falling below S2OO during the month. Limited Number of Checks Also, it limited the number of checks which could be issued without charge to one lor every S2O on account, providing a fee of 5 cents for each additional check, and a 50 cents fee for each check returned for -nonsufficient funds.” The fees would be in addition to the usual 2 cents federal check tax. A number of Indianapolis checking account owners had planned to withdraw their checking accounts as soon as the rules went into effect and keep their money at home or deposit it in postal saving accounts, as under the schedule, to write and mail a check would have cost 9 or 10 cents. It is with the service charges on small checking accounts that General Johnson is concerned principally. and he commented: "If the banks want to commit suicide. no one is going to worry very much about it. My concern is not for the banks but for the public interest." Promises Careful Scrutiny His reference was to his feeling that a bank should not impose fees Which would make the maintenance of small drawing accounts unreasonably expensive to depositors. The NRA apparently is willing, however, that service charges shall be sufficient to combat competition from banks where such rates are little or nothing. The fair practice provisions which the New York committee proposed Would impose a charge of $2 or more * month for handling checking eceounts of less than S2OO. “It should be distinctly understood, General Johnson emphasized, “that the fair practice trade rules now being formulated by banking and clearing house associations throughout the country, in pursuance of provisions of the bankers’ code of fair competition, have not yet been approved by the administration and are of no effect until they are so approved. "Eeach local or state association, under the code, may submit such rules, but in every case, the proposed rules will be subjected by the administrator to careful scrutiny in the public interest. “The statement that any such standard rules have been approved by the administrator was absolutely unauthorized. They have not yet even been submitted to the administrator." FIREMEN CALLED BY SMOKING STOVE FIRE Flame Fighters Search in Vain for Serious Blaze. Billowing clouds of smoke, emanating from a salamander stove on the third floor of the Hatfield Electric Company plant. Maryland and Meridian streets, this morning led firemen to believe they were in for a serious blaze. Source of the smoke was discovered after the “smoke eaters” had shed copious tears as they wandered through the building in search of flames. There was no loss reported.

A Happy New Year In today's Times are listed the New Year Greetings of hundreds of Indianapolis residents and business people. Pages 15—16—17

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VOLUME 45—NUMBER 200

COMPLETION OF WAR MEMORIAL NOW SCHEDULED Work to Be Accomplished With $195,000 PWA Grant. Completion of the Indiana World War Memorial will be accomplished through a grant of $195,000 from the federal public works administration, according to an announcement by John Napier Dyer, Vincennes, member of the Indiana advisory committee to the federal public works administration. Requests for assistance with two other projects probably will be rejected by the administration, it was said. One is the proposed elevation of tracks on the south and west sides of Indianapolis, which would total $6,000,000, and the other is the suggested SIOO,OOO tuberculosis hospital on the city hospital grounds. The request for the tuberculosis hospital was made by city officials and the Indianapolis Flower Mission. Inability of the city to issue bonds as security for its share of the track elevation was given as the possible reason for the rejection of this plan. Mayor Sullivan probably will meet with directors and officers of the Flower Mission to discuss plans for renewing the proposal for the tuberculosis hospital in a different form, with a view to getting aid from the public works, administration. ENDURANCE FLIERS MAY LAND TODAY Women Ready to Quit After Breaking Record. Bii I nitcil Pn as MIAMI. Fla., Dec. 30—Mrs. Frances Harrell Marsalis and Helen Richey, flying longer than any two women ever have flown before, possibly will terminate their refueling endurance recoi'd flight between 10 a. m and noon today, their managers indicated. FRANCE REPLIES TO HITLERiTCACE AIM Anxiety Precedes Answer to Large Army Demand. By Vnilrd Press PARIS, Dec. 30.—France, abandoning prejudices in hope of breaking a disarmament deadlock that gave rise to fears of war, today forwarded to Chancellor Adolf Hitler a direct reply to his arms proposals. Foreign Minister Joseph PaulBoncour handed the reply to Andre Francois-Poncet, French ambassador to Germany, v.ho will deliver it in person. Many days of anxious consultation preceded the decision to reply to Herr Hitler, who demanded an increase in Germany’s treaty-lim-ited army from 100.000 long term professional soldiers to 300.000 shcit term ones who can be taught war fundamentals in a short time. M. Paul Boncour announced dispatch of the reply himself. At the same time he paid tribute to President Roosevelt's world peace speech of Thursday and said he was confident the League of Nations would triumph over its present difficulties. NERVE ILLS DISCUSSED Neurologist Speaks on Mental Disorders to Optomists. Mental and nervous disorders directly caused by the World war were discussed by Dr. Frank F. Hutchins, neurologist, in an address at the Optimist Club at a luncheon in the Columbia Club yesterday. Dr. also spoke of advances in neurological research in recent years.

The Indianapolis Times

Occasional rain probable tonight and tomorrow; slight rise in temperature.

PLANE BLOWS UP IN CRASH; FEAR 10 DEAD British Air Liner Strikes Radio Tower, Explodes Into Flames. By United Prcgg BRUSSELS, Dec. 30.—An Imperial Airways liner, flying low near Ruysellede, Belgium, crashed into a radio tower at 1 p. m. today and exploded into a blaze in which ten persons are believed to have perished. Messages reaching the Brussels airport said there was “no chance of any survivors.” Subsequent reports confirmed that the crew and passengers must have burned to death. A radio message described the airplane as of the Gablu type. It was piloted by J. Gittins, who had a mechanic with him and eight passengers. The liner left Brussels at 12:20 p. m., bound for London. It collided with the aerial pillar, and crashed, bursting into flames. The occupants had no chance of escape, the message said. TROOPS RULE IN RUMANIA Premier Is Assassinated: Carol Placed Under Heavy Guard. By United Prrgg BUCHAREST, Rumania, Dec. 30. —The cabinet voted today to proclaim martial law throughout the country. King Carol and otb r notables were guarded heavily in fear that the assassination of Premier lon G. Duca was but part of a great murder plot. Strict censorship of newspapers also was decided upon. A guard was placed also over the home of Mme. Magda Lupescu, Carol’s sweetheart—for whom he once renounced his right to the throne —in fear that she was on the death list alleged to have been drafted by the anti-Jewish “iron guard” which is blamed for Duca's murder. The king moved with firmness to meet a situation that was acutely dangerous because of the political complications of the last few months, with no element really dominant. It was at the Sinai railway station that Duca, completing seven weeks in the prime ministry, was assassinated last night by Nicola Constantinescu. 26, a student completing the third year of an economics course at Bucharest university. Duca was returning to Bucharest from a conference with Carol at the Sinai palace. Following a terrifying explosion—a bomb thrown by Constantinescu. the killer walked steadily up to Duca. He placed a hand on Duca's shoulder and fired four shots into his head and body.. Duca wheeled toward the assassin as the second shot struck him. He raised hit hat with his left, hand, made the sign of the cross with his right and collapsced, blood pouring from his mouth because of a shot in the lungs. Police nearby made for Constantinescu. Shouts of anger rose as the crowd on the platform made for Constantinescu. Police fought off the would-be lynchers. “I wanted only to free my country.” said the assassin. Times Index Page Bridge 3 Broun 13 Churches 7 Classified 16 Comics 19 Conservation 4 Crossword Puzzle 9 Curious World 19 Editorial 14 Financial 15 Hickman - Theaters 6 Industrial News 20 New Year’s Greetings 17, 18 Pegler 14 Radio 3 Review of 1933 10 Sports 12 State News 3 Sunday Sermon 3 Unknown Blond 19 Woman's Page 8 Your Health 7 Mechanics Plan Card Party A card party will be given tonight by the Junior Order United American Mechanics in Buschman's hall. Eleventh street and College avenue.

One Edition In order to give employes a half holiday, The Times will print only one edition Monday.

INDIANAPOLIS, SATURDAY, DECEMBER 30, 1933

Wilbur Underhill, Southwest’s ‘Worst’ Outlaw, Shot Down

Wounds May Prove Fatal; No Officers Injured in Battle. By United Prrgg SHAWNEE, Okla., Dec. 30. —Wilbur Underhill, hunted since last Memorial day as the southwest’s most dangerous outlaw, was wounded perhaps fatally and captured today as he fled from officers who bombarded his refuge with bullets and tear gas bombs. He was captured soon after the before dawn raid on a residence. The notorious outlaw, known as the “tri-state terror,” was found cringing at a furniture store. He had broken into the store in his frenzied search for a haven. Shawnee traffic police found him lying on the floor, bleeding from a dozen wounds. He was taken to a hospital, where physicians said the wounds might cause death. The barrage of machine gun slugs, shotgun charges, and pistol fire tore his body.. His back was peppered with shot inflicted as he dashed from the rendezvous, firing back at his pursuers with a pistol. He was wounded in the left arm, the right leg and head. At the house where he had spent the night, officers found $5,300 worth of bonds of the Franklin Title and Trust Company of Franklin, Ky. The securities were in his coat pocket. Officers believed this comprised part of loot taken in one of the many bank robberies in which Underhill was a suspect. Underhill was conscious when brought to municipal hospital, but lapsed into unconsciousness shortly after being received. None of the officers was wounded in the exchange of shots accompanying the bandit’s rout from his sleeping quarters. MERGURYDUE FORRISE HERE Occasional Rains Expected for Tonight and Tomorrow. Back of the cold wave which has gripped the city several days was broken last night when the mercury failed to drop below 22 degrees, according to weather bureau reports. Temperatures were expected to reach between 40 and 45 today, staying above freezing tonight, and climbing possibly to the fifties tom or row. Occasional rains were expected tonight and tomorrow. Weather observers said there is a possibility of colder weather by tomorrow night. SLUGGER SUSPECT IS HELD BY POLICE Alleged Thief Is Accused of Beating Clerk. 4 Accused of beating an elderly drug store employe and stealing two boxes of candy as a Christmas gift for his sweetheart and a pint of w r hisky for himself, Taylor Goodwin, 25, Negro, of 2900 Highland place, was arrested today by detectives. Officers said he admitted beating severely Carlos Stewart. 52, of 447 North Alabama street, Dec. 23, at the Hubert O'Haver drug store, 371 West Twenty-eighth street, and stealing the candy and whisky. He was charged with assault and battery with intent to rob. Miss Laura Winston. 23. Negro, 2724 Highland place, the alleged recipient, was arrested on charges of receiving stolen goods.

RACE track | Selections j r BY TOM NOONE +"

NOONE’S SELECTIONS FOR TODAY Day’s Best—Sobieha. Best Long Shot—Bay Servant. Best Parlay—Claremont and Betty Farrell.

At Houston — One Best —Sobieha. 1. Claremont, Salut d'Armour, Bad Axe. 2. Bay Servant, Miss Jacqueline, Lone Knight. 3. Sobieha. Kieva, Open Range. 4. Quatre Bras 11, Mad Wind, Pari Mutuel. 5. Sound Money, ‘Vtfin, Charming Sir. 6. Drombo, Column Right, Pillnita. 7. Garlic, Black Stockings, High Hatter. At Tropical Park — One Best —Moane Keala. 1. Happy Scot, Chief Executive, Hernando. 2. Moane Keala, Happy Anne, Golden Fate. * 3. Oriley, Meloy, Peqfcader.

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Wilbur Underhill

MARION COUNTY DELINQUENT TAX OFFICER NAMED New County Treasurer Picks Prominent Democrat for Position. Ernest S. Buenting, 828 North Bancroft street, has been appointed Marion county delinquent tax collector, it was announced yesterday by William E. Clauer, new county treasurer. Mr. Buenting, who has been prominent in Democratic political affairs in the First ward, will assume his new duties Monday -when Mr. Clauer takes office. Don W. Vorhies. county commissioner from the Third distr.ct, will succeed himself Monday for a threeyear term. Mr. Vorhies and Mr. Clauer are the only county officials who will take office with thi new year. Mr. Clauer announced that Fay Wright, chief deputy treasurer, will be retained in his post, and that the old office force will be retained until Feb. 1, wdien the new appointees will be announced. POLICE BAFFLED BY CITY KILLING Detectives Confident That One of Six Men Held Knows Slayer. Detectives today admitted they have made little progress in solution of the murder of Ray Walsh, 33, of 939 North Bosart avenue, alleged former hijacker, although they are confident one of the six men under arrest is the slayer, or knows the identity of the slayer. Officers said Thomas Dillon, 744’i South Capitol avenue, one of the men held for questioning, has been able to prove he was at home about the time of the slaying. BAR ASSOCIATION HEAD WILL BE INSTALLED Frank C. Daily Will Succeed to Position of Homer Elliott. Frank C. Dailey, former United States district attorney, will be installed as president of the Indianapolis Bar Association at a dinner at the Columbia Club Wedftesday. He will succeed Homer Elliott.

4. Easy Come Speedy Skipper, Just American. 5. Gold Step, Frederick, Evergold. 6. Chaumont, Gracias, Gibby’s Choice. 7. Major General, Bub McFarland. Darkling. At Jefferson Park — One Best —Barney Sexton 1. John Mill, Big Moment, Honohina. 2. Alcove, Lugen Luggage, A1 Green. 3. Lady Tobasco. Just Mrs., Enigmatic. 4. Don Tasker, More Power, Cloido. 5. Betty Farrell, Flying Down. Judge Primrose. 6. Barney Sexton, Reverberate, Sizzling. 7. Lionherated, Falsehood, Royai Sport. '

ADDITIONAL EVIDENCE IN LIGHT COMPANY PROBE IS REVEALED BY COUNSELOR

MISSUPUHS VAST FftOCttM OF EMSIM Breath-Taking Proposals May Bring Millions to America. BY JOSEPH H. BAIRD United Press Staff Correspondent MOSCOW. Dec. 30.—A breathtaking program of industrial expansion and social betterment that may mean many millions of dollars to American trade and offers hope of vastly improved conditions for Russia’s people was revealed today. The official newspaper Izvestia announced the plan formally as having been approved by the political bureau of the Communist party, the ruling body. It is to be submitted to the party congress in January and will be approved automatically. The project is part of the second five-year plan that culminates in 1937. In it are included plans for factories, canals, power plants, railways, more efficient farming methods so far as industrial life goes. More Food, More Pay For the people, the proletariat in whose name the Communist leaders seized power in the fateful autumn of 1917, the project offers things they never have had in Russia's history. In their part of the program are more food, more luxuries, more prospect of advancement in their work, abolition of illiteracy. For American trade, the plan offers a possible chance to sell motor cars, tractors, machinery and railway equipment. Soviet heavy industry which was built up during the first five-year plan will be relied upon for a large part of the manufactures required under the new project. But it was thought probable that the program would open up an important Russian market to the United States, thanks to the resumption of diplomatic relations. Magnitude Is Revealed The magnitude of the project w r as shown by the fact that Soviet production for 1937 is estimated at 103,000,000 rubles (nominally $51,500,000,000), compared W'ith 43,000,000,000 (nominally $21,500,000,000) in 1932. Other 1937 goals compared to 1932 are to increase the consumption of meats, butter, fish, eggs and sugar threefold, at the same time reducing retail prices 35 per cent. Thus the proletariat would be rewarded for their sacrifices w'hile industry was being built up. The total of workers would be increased by 30 per cent, and wages would be increased materially. The following factories are to be built: Fifteen textile, twelve cotton, eleven silk, twenty-one shoe, seventeen meat packing, six soap and twenty-three food products. Five thousand kilometers (3,105 miles) of railways are to be electrified and 9.500 kilometers (5,900 miles) of new trackage built. Two Canals Planned Two canals will be built, from the Volga to Moscow and the Volga to the Don. A giant hydroelectric plant to be built on the Volga will far surpass the wondrous Dnleperstroy. Five million qualified workers are to be trained and 340,000 technical specialists. ✓ It is planned completely to liquidate illiteracy by seven years of compulsory education for every child in the Soviet union. Finally, the entire agricultural industry is to be collectivized—organized into efficient co-operative groups instead of being left to individuals. The "politburo” approved the definition of Premier Molotov: "By the second five-year plan the Soviet union will be changed into an economically independent country and the leader of Europe in technical advancement.” LAW SCHOOL T 0 ADD 2 NEW INSTRUCTORS Records Show Largest Enrollment Since Start of College. Two new instructors will be added to the staff of the Benjamin Harrison law school for the next semester, which will open Jan. 3, according to an announcement made by William R. Forney, acting dean. C. Severin Buschmann w r ill teach negotiable instruments, and E. C. Boswell will teach insurance law. The records for the past year show the largest enrollment during the last semester since the beginning of the school, nearly forty years ago. In the Air Weather conditions at 9 a. m.: South southwest wind. 13 miles an hour; temperature, 37; barometric pressure. 30.34 at sea level; general, conditions, overcast, *hazy; ceiling, estimated,., 2,500 feet; visibility, three miles.

Enterf'il a* Second Ciasa Matter at Postoffice. Indianapolis

Partial List of Tentative Conclusions Reached by Commission Accountants Is Bared by Sherman Minton. STUDY OF EARNINGS IS MADE Appraisal at Present Prices Should Not Exceed $35,000,000, Is Charge in Allegations to Board. BY BASIL GALLAGHER Times Staff Writer Sherman Minton, public counselor before the public service commission, today revealed additional evidence which brought about the issuance of an order yesterday to show cause why the Indianapolis Power and Light Company should not reduce electric rates in this city. The additional information is embodied in a list of recommendations made by investigators of the commission after The Times had turned over to Mr. Minton the findings of its independent investigation covering a period of eight months. Following the filing of a petition Friday by Mr. Minton in which he charged that the Indianapolis Power and Light Company had “written up” the fair valuation of the utility

BRITISH FLIER GIVES AVIATION PALM JO U. S. Calls Stratosphere Travel Near Thing; Praises Lindberghs. By United Prrgg DETROIT. Dec. 30.—The day when the public will be cruising the stratosphere is not far distant, possibly coming within the next decade, Air Commodore P. F. M. Fellowes, one of England's most noted airmen, predicted here today. The commodore, former aid-de-camp to King George V, and leader of an expedition which flew over Mt. Everest last April, paid tribute to America as leading the way for the world in aviation. He regarded Colonel Lindbergh’s recent flight as the outstanding air accomplishment of 1933. “I look for stratosphere flying to be developed rapidly,” Commodore Fellowes said. “Successful fli n,, '>t3 to the stratosphere wil ldepend on development of the proper : or chambers, and we know already that this can be done. “The chambers must have a pressure equivalent to ground or body pressure to permit humans to enter the stratosphere. The equipment must be light, yet sufficiently strong to withstand heavy pressure.” Commodore fellowes, a direct descendant of King Edward 111 and of the Earls of Essex and March, was a guest yesterday at a private 7,934 automobile showing. Aviation in America, he said, is far ahead of any other country in the world, due principally to wide public interest. Within the next ten years, he predicted. virtually all mail will be carried by plane. He said he expected important safety improvements to be perfected in 1934. “Soon we will have apparatus to pnetrate fogs for several miles,” he said. “Fog is one of the greatest hazards. The appartus will improve and go beyond radio control and photographic methods now used successfully by ships at sea. Flying through fog will become commonplace. "Railroads and shipping must interest themselves in aviation or they will suffer. WFhere distances are great, as in this country, and in ocean travel, people will take to the air more and more with improved methods and developments for safety.” MRS, WILLIAMS TO WORKjOII PETERS Former State Employe to Aid Senate Race. Mrs. Josephine Williams, Mooresville, Seventh district Democratic vice chairman, dismissed from a chief clerkship in the motor vehicle license department by the McNutt organization, will start to work Tuesday in the headquarters of R. Earl Peters, candidate for the Democratic nomination for United States senator. Mrs. Williams had been in several disputes with the statehouse organization and refused to vote to retire Mr. Peters as state chairman. TOKIO LITTLE' mOVEJ) BY ROOSEVELT TALK Japan's Vernacular Press Offers No Comment. By United Prcgg TOKIO, Dec. 30.—President Roosevelt’s speech outlining his foreign policies and denouncing war, aroused little public interest here, a survey today showed. The vernacular press assigned the story a subordinate place in their publications and published it without commenting on it. Japanese officials were observing the New Year holidays and could not be reached.

Capital EDITION PRICE TWO CENTS Outside Marion County, 3 Cents

“by at least $24,000,000,” the public service commission issued its order to show cause why the electric rates in Indianapolis should not be reduced. In his petition, Mr. Minton charged “that the said utility carried this property on its books as costing the utility approximately $59,000,000, of which at least $24,000,000 thereof is composed of ■writeups disguised as capital surplus and otherwise, and represents no value.” A partial list of the tentative conclusions reached by Mr. Minton for action against the light company are: 1. The fixed capital of the Indianapolis Power and Light Company as at Dec. 31, 1932, as reported to the public service commission, was more than $69,000,000. Against this figure there were depreciation reserves of more than $10,000,00 leaving book costs new, less depreciation reserves of more than $59,000,000. Merger Is Cited 2. This company <the Indianapolis Power and Light Company) w'as formed as a result of a merger on Jan. 31, 1927, thereby acquiring two other companies, namely, Merchants Heat and Light Company, which had a book cost new of fixed capital on Jan. 31, 1927 cf more than $13,000,000, and the Indianapolis Light and Heat Company which had a book cost new of fixed capital on Jan. 31, 1927 of more than $16,000,000. Together the merged companies had a fixed value of more than $30,000,000. Since the merger, the gross additions, fixed capital to Aug. 31, 1933, was more than $19,000,000, making ! the total fixed capital more than $49,000,000. Property discarded and written off from Feb. 1 1927 to Aug. 31, 1933 was more than $6,000,000, which left a book cost new of more than $43,000,000. The depreciation reserves at Aug. 31, 1933, amounted to more j than $11,000,000 which left book costs, less depreciation reserves of more than $32,000,000, Book Cost Indicated 3. A book cost new of approximately $35,500,000, is indicated. 4. The difference between the book costs shown in paragraph one of more than $59,000,000 and $35,500,000 in the paragraph above are about $24,000,000 and is accounted for by writeups and readjustment of book values not represented by ] actual costs, it is alleged. 5. From tests made by the publie . service commission experts, Mr. Minton says he is satisfied that the rate basis of the Indianapolis Power and Light Company on an appraisal : at present prices, or any other basis, j should not exceed $35,000,000. 6. The operating gross income of the Indianapolis Power and Light Company available for return in 1932 figures reveal was $3,025,000, using round numbers. Earnings Study Made 7. The amount available for return or the ten months of 1933 was $2,250,000 as against $2,300,000 for the corresponding period of 1932, it is said. 8. A comparison of the monthly amounts available for return in 1933 and 1932 reveals, according to commission data, that the downward trend of 1933 was reversed in July so that since June, earnings of the Indianapolis Power and Light Company have increased over the same months of 1932. 9. A comparison of the monthly I amounts would seem to indicate the possible earnings for the full year 1933 would approximate $3,000,000, experts say. 10. A 6 per cent rate of return on what is thought to be a maximum rate base of $35,000,000 would yield $2,100,000 as against indicated earnings of $3,000,000 or $900,000 above the allowable rate stated. Hearing on the case was set for 10 a. m. Feb. 1 after the issuance of the order by the public service commission yesterday. Hourly Temperature ! 6a. m 29 Ba. m 33 7 a m 31 9 a. 36