Indianapolis Times, Volume 45, Number 213, Indianapolis, Marion County, 15 January 1934 — Page 3

JAN. 15, 1934.

KEEPING UP WITH CONGRESS

REVALUATE DOLLAR BETWEEN 50 AND 60 PER CENT, URGES ROOSEVELT IN NEW MESSAGE President Requests Congress to Fix Upper, Lower Limits for Currency, and for Right to Seize Monetary Gold. By United Prms WASHINGTON, Jan. 15. Following is the text of President Roosevelt’s monetary message to congress: To the congress: In conformity with the progress we are making in restoring a fairer price level and with our purpose of arriving eventually at a less variable purchasing power for the dollar, I ask the congress for certain additional legislation to improve our financial and monetary system.

By making clear that we are establishing permanent metallic reserves in the possession and ownership of the federal government, we can organize a currency system which will be both sound and adequate. The issuance and control of the medium of exchange which we call ‘money” is a high prerogative of government. It has been such for many centuries. Because they were scarce, because they could readily be subdivided and transported, gold and silver have been used either for money or as a basis for forms of money which in themselves had only nominal intrinsic value. In pure theory, of course, a government could issue mere tokens to serve as money tokens which would be accepted at their face value if it were certain that the amount of these tokens were permanently limited and confined to the total amount necessary for the daily cash needs of the community. Because this assurance could not always or sufficiently be given, governments have found that reserves for basis of gold and silver behind their paper or token currency added stability to their financial systems. There is still much confusion of thought which prevents a worldwide agreement creating a uniform monetary policy. Many advocate gold as the sole basis of currency; others advocate silver; still others advocate both gold and silver, whether as separate basis, or on a basis with fixed ratio, or on a fused basis. We hope that, despite present world confusion, events are leading to some future form of general agreement. The recent London agreement in regard to silver was a step, though only a step, in this direction. At this time we can usefully take a further step, which we hope will contribute to an ultiniate world- j wide solution.

Asks Reserve’s Gold

Certa'" lessons seem clear. For example, ,he free circulation oi gold coins is unnecessary, leads to hoarding, and tends to a possible weakening of national financial structures in times of emergency. The practice of transferring gold from one individual to another or from the government to an individual within a nation not only is unnecessary, but is in even- way undesirable. The transfer of gold in bulk is essential only for the payment of international trade balances. Therefore, it is a prudent step to vest in the government of a nation the title to and possession of all monetary gold within its boundaries and to keep that gold in the form of bullion rather than in coin. Because the safe keeping of this monetary basis rests with the government. we already have called in the gold which was in the possession of private- individuals or corporations. There remains, however, a very large weight of gold bullion and coins which still is in the possession or control of federal reserve banks. Although under existing law there is authority, by executive act, to take title to the gold in the possession or control of the reserve banks, this is a step of such importance that I prefer to ask the congress by specific enactment to vest in the j United States government title to all supplies of American-owned j monetary gold, with provision for j the payment therefor in gold certi- i ficates. These gold certificates will be. as \ now. secured at all times dollar for j dollar by gold in the treasury—gold for each dollar of such weight and | fineness as may be established from \ time to time. Such legislation places the right, j title and ownership to our gold reserves in the government itself; it j makes clear the government's owner- ; ship of any added dollar value of the country’s stock of gold which would result from any decrease of gold content of the dollar which may be made in the public interest. It would also, of course, with equal justice, cast upon the government the loss of such dollar value if the public interest in the future should require an increase in the amount of gold designated as a dollar.

Upper Limit Urged

Ti:e title to all gold being in the go\ernment, the total stock will serve as a permanent and fixed metallic reserve which will change m amount only so far as necessary for the settlement of international balances or as may be required by a future agreement among the na- | ticns of the world for a redistribution of the world stock of monetary gold. With the establishment of this permanent policy, placing all i monetary gold in the ownership of the government as a bullion base for its currency, the time has come for a more certain determination of the gold value of the American doljan Because of world uncertainties, I do not believe it desirable in the public interest that an exact value be now fixed. The President is authorized by present legislation to fi* the lower

limit of permissible revaluation at 50 per cent. Careful study leads me to believe that any revaluation at more than 60 per cent of the present statutory value would not be in the public interest. I, therefore, recommend to the congress that it fix the upper limit of permissible revaluation at 60 per cent. That we may be further prepared to bring some greater degree of stability to foreign exchange rates in the interests of our people, there should be added to the present power of the secretary of the treasury to buy and sell gold at home and abroad, express power to deal in foreign exchange as such. Asa part of this power I suggest that, out of the profits of any devaluation, there should be set up a fund of $2,000,000,000 for such purchases and sales of gold, foreign exchange and government securities as the regulation of the currency, the maintenance of the credit of the government and the general welfare of the United States may require.

Silver Action Cited

Certain amendments of existing legislation relating to the purchase and sale of gold and to other monetary matters would add to the convenience of handling current problems in this field. The secretary of the treasury is prepared to submit | information concerning such changes to the appropriate committees of the j congress. The foregoing recommendations | relate chiefly to gold. The other : principal previous metal—silver—also has been used from time immemorial as a mecallic base for currencies as well as for actual currency itself. It is used as such by probably half the population of the | world. It constitutes a very important part of our own monetary ! structure. It is such a crucial factor in much of the world's internai tional trade that it can not be i neglected. On Dec. 21, 1933. I issued a proc- ! lamation providing for the coinage j of our newly mined silver and for increasing our reserves of silver ; bullion, thereby putting us among i the first nations to carry out the j silver agreement entered into by j sixty-six governments at the London conference. This agreement is distinctly a step in the right direction and we are proceeding to perform our part of it. All of the sixty-six nations agreed to refrain from melting or debasing their silver coins, to replace paper currency of small denominations with silver coins and to refrain from legislation that would depreciate the value of silver in the world markets. Those nations producing large quantities of silver agreed to take specified amounts from their domestic production and those holding and using large quantities agreed to restrict the amount they would sell during the four years covered by the agreement.

Need Sound Currency

If all these undertakings are carried out by the governments concerned. there will be a marked increase in the use and value of silver. Governments can well, as they have in the past, employ silver as a basis for currency, and I look for a greatly increased use. I am, howI ever, withholding any recommendation to the congress looking to ! further extension of the monetary | use of silver because I believe that we should gain more knowledge of the results of the London agreement and of our other monetary ! measures. Permit me once more to stress two principles. Our national currency l must be maintained as a sound curj rency which, insofar as possible. ! will have a fairly constant standard of purchasing power and be adequate for the purposes of daily use j and the establishment of credit. The other principle is the inherent right of government to issue currency and to be the sole custodian and owner of the base or reserve of precious metals underlying that currency. With this goes the prerogative of government to determine from time to time the extent and nature of the metallic reserve. I am confident that the nation will realize the definite purpose of the government to paintain the credit of that government and. at , the same time, to provide a sound medium of exchange which will serve the needs of our people. FRANKLIN D. ROOSEVELT. HITCH-HIKER IS INJURED Purdue Student Badly Hurt as Truck Strikes Car. Virgil Minkner. 25, of 4221 Boule-' ! ' vard place, suffered critical injuries yesterday when the automobile in which he was riding was struck by a truck near Lebanon. Mr. Minker was returning to Purdue university and had hitch-hiked a ride with Jack Hickson. 901 Gladstone avenue. As they drove into Lebanon a truck driven by Charles Forbes, city, came out of a filling station driveway and the two vehicles collided. Mr. Minker suffered concussion, fractured upper jaw and loss of sev- j eral teeth. Mr. Hickson suffered cuts on the head and right leg, i

DODGED SCANDAL

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Herbert Hoover Jr. Highlights of New Message By United Pro*a WASHINGTON, Jan. 15.—High- j lights of President Roosevelt’s message to congress: I ask the congress for certain additional legislation to improve our financial and monetary system. By making clear that we are establishing permanent metallic reserves in the possession and ownership of the federal government, we can organize a currency system which will be both sound and adequate. There is still much confusion of thought which prevents a worldwide agreement creating a uniform monetary policy. The free circulation of gold coins is unnecessary. The practice of transferring gold ... is not only unnecessary, but is in every way undesirable. I prefer to ask the congress by specific enactment to vest in the government title to all supplies of American-owned monetary gold. Gold certificates, will be, as now, secured at all times, dollar for dollar. by gold in the treasury. The time has ccme for a more certain determination of the gold value of the American dollar. Careful study leads me to believe that any (dollar) revaluation at more than 60 per cent of the present statutory value w’ould not be in the public interest. Governments can well . . . employ silver as a basis for currency, and I look for greatly increased use. I am withholding any recommendation to the congress looking to further extension of the monetary use of silver. Our national currency must be maintained as a sound currency. REALTORS EN ROUTE TO FLORIDA PARLEY Indianapolis Men Are Bound for Coral Gables. A group of Indianapolis realtors today were en route to Coral Gables, Fla., to attend the National Association of Real Estate Boards’ midwinter conference. Jan. 16 to 20. The delegation included Lawrence G. Holmes, re-elected executive secretary of the local board last week; Thomas F. Carson, meal president; J. Harry Miles, past president; William Low Rice and Wayne Harryman. NOVICE BARBERS CRAM Potential Latherers Prepare for State Exams. Novice barbers today were paying particular attention to their snipping and shaving, “brushing up” their technique in preparation for taking examination for barber’s license. The tests for new barbers in central Indiana will start Monday in the International Barber college here. Later, tests will be held at Evansville, Gary and Ft. Wayne. All I barbers practicing before the law | was passed are exempt from the j examination. Bandits Get S2O in Holdup Two bandits driving a car stolen from Arthur Tracy, 1110 East New I York street, last night held up Paul ! Butt, 23. of 56 South Gladstone avenue. Standard Oil station attendant at 4120 East New York street, escaping with about S2O. Dry Goods Store Looted Thieves lopted a dry good store at 542 Indiana avenue, operated by Harry Kauffman, early yesterday taking articles valued at $53.

Not Killer, Wounded Man Signals From Hospital Cot

Charles Chapman Didn’t Kill Mrs. Grace Lackey, Visit Satisfies Counsel. Solution of the murder of Mrs. Grace Lackey and wounding of Charles Chapman today apparently was but little nearer than it was several aays ago when Deputy Coroner E. R. Wilson began an intensive investigation. Dr. Wilson said he had not been informed officially of questioning of Mr. Chapman at city hospital by Herman L. Ridenour, attorney, employed by Mrs. Earl Carle, Cleveland, daughter of Mr. Chapman. Mr. Ridenour reported that to the question: “Did you kill Grace?” Mr. Chapman, unable to talk coherently because of the bullet in his brain, shook his head negatively and mumbled what was taken for a negative answer.

THE INDIANAPOLIS TIMES

YOUNG HOOVER QUIT TO AVOID MAIUSCANDAL’ Resigned Air Job to Keep From Embarrassing Father, He Says. By United Press PASADENA. Cal., Jan. 15. Herbert Hoover Jr. resigned as chief engineer of Western Air Express in 1930 to spare his father from embarrassment when air mail contracts were being awarded, he notified a senate investigating committee today. Young Hoover said that he had proffered his resignation when advised by former War Secretary Patrick Hurley that “a man named Halliburton” had charged in Washington that he was using his influence to promote airmail contracts for Western Air. Instead of accepting his resignation, his employers gave him a leave of absence, the former President’s &>n wrote. He recently returned to his former job at a salary of S4OO a month. LILLY TO CONTINUE FOSTER RESEARCH Decision Made Despite Gift to Pittsburgh U. Work of collecting life studies and music of Stephen Collins Foster will continue at Foster hall, on the estate of Josiah K. Lilly, despite Mr. Lilly’s gift of the collection of Fosteriana to the University of Pittsburgh. Announcement of tne erection of a $500,000 memorial building at the Pennsylvania university to house the gift of Mr. Lilly was made yesterday. “The people of Pittsburgh are building the memorial. The university has agreed to maintain the collection in perpetuity, which is more than a private individual could do after his death,” said Mr. Lilly in commenting on the news reports from Pittsburgh of the gift and memorial structure. “Foster hall will go on. The work will continue and there is still plenty to do. We will have lectures and concerts at Foster hall, just as we do now,” said Mr. Lilly as he denied rumors that the gift would mean closing the hall. ENTIRE CREW SAVED FROM BEACHED SHIP Sinking Vessel Run Aground in Heavy Blizzard. By United Press PORTLAND, Me., Jan. 15. A major marine disaster was narrowly i averted when the 2,600-ton freighter j Sagamore grounded on Corwin’s , Rock, and then, sinking, was driven through a blinding blizzard and beached at Prout’s Neck, where she was being pounded to pieces today. Seven hours later, as surf washed the decks of the sunken vessel 150 feet from shore, coast guards took off the entire crew of twenty-six drenched, frost-bitten and half- ! starved sailors. Even the ship’s mascot, a collie named Bozo, was saved. After the ship grounded, Captain Ralph R. McDonough realized from the rate at which she was filling that she would founder shortly. The rudder and steering gear had been disabled, but he managed to swing her shoreward and full speed was ordered. BOMB CHINESE REBELS Nationalists Prepare to Encircle Nineteenth Route Army. By United Press SHANGHAI. Jan. 15.—Victorious Nationalist military forces scattered the fleeing Fukien rebel soldiers with an aerial bombardment today and prepared to encircle the famed Nineteenth route army, backbone of the revolt. The route army, which achieved fame in its heroic defense of Shanghai against the Japanese, was reported trapped at Nantai following the occupation of Foochow by the central government navy. MOTHER DIES IN BLAZE Cleveland Firemen Save Children After Husband Fails at Rescue. By United Press CLEVELAND, Jan. 15.—A young mother was burned to death and her two small sons overcome by smoke early today when fire swept their suite in a two-story apartment house. The dead woman was Mrs. Angela Labuda, 29. Her husband, Martin, was cut off by flames and was unable to fight his way back to have his wife and children. He was uninjured. Firemen saved the children.

! Hospital attendants said Mr. Chapman, however, shakes his head | “no” to practically everything asked j of him. Given a pencil and paper, Mr. Chapman made several scrawls and indistinct marks which Mr. Ridenour said he "would give to a handwriting expert for examination.” Mr. Ridenour said he was not satisfied with progress made in solving the case, which first was thought to be murder and suicide, and which later was suspected by Dr. Wilson of being an attempt at double murder by a third person. Private detectives will be employed to aid in the investigation, Mr. Ridenour said. The body of Mrs. Lackey, a rooming house keeper, with two bullets in her head, and the unconscious form of Mr. Chapman were discovered Wednesday night. Nearby was what was purported to be a suicide note, dated Jan. 7, which Dr. Wilson and Ridenour believe was printed by a, uutci party.

EDUCATOR TO SPEAK

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Dr. Harold Willis Dodds Dr. Harold Willis Dodds, fifteenth president of Princeton university, will address Princeton alumni of Indianapolis Thursday night at the University Club. Dr. Dodds, who succeeded the late John Grier Hibben as president of Princeton last June, is only 43, and is the youngest | Princeton president in 175 years. VALLEE EVADES COASTOFFiCERS Escapes Process Servers in Marital Melee, Heads East. By United Press HOLLYWOOD, Jan. 15.—Rudy Vallee was safe from local process servers as he fled east to evade appearing in court this afternoon for a hearing on two motions contesting the separate maintenance suit of his estranged wife, Fay Webb Vallee. Mr. Vallee escaped Saturday night |by flying secretly to the Arizona | border and there boarding a train for New York, while process servers sought him out. His flight was to insure his appearance in New York for certain commercial engagements, friends said. The hearing this afternoon was on two motions Mr. Vallee’s counsel instituted in reply to his wife’s court demand for $7,400 monthly alimony. The first was a motion to quash a court order for Mr. Vallee to appear and show cause why he should not pay his wife alimony until her separate maintenance suit is settled. The second asked for a continuance of the suit until a similar action, filed earlier in New York, is settled. Mr. Vallee claims California has no jurisdiction to hear the suit because neither he nor his wife are legal residents of the state. He hopes to transfer proceedings to New York. Hearing on the separate maintenance suit is set for Wednesday. TERRE HAUTE DOCTOR AGAIN HEADS COUNCIL Year’s Record Among Indigent Poor Reviewed; Officers Named. Dr. O. O. Alexander of Terre Haute was re-elected chairman at the annual mid-winter meeting of the council of the Indiana State Medical Association at the Indianapolis Athletic Club yesterday. Dr. W. H. Kennedy and Dr. Homer H. Wheeler of Indianapolis werere- | elected members of the executive committee for 1934. A review of the activities of the association for the past year, with special reference to the care of the indigent sick, was made by Dr. J. H. Weinstein of Terre Haute. Other speakers were Dr. Verne K. Harvey, Dr. F. S. Crockett and Dr. E. E. Padgett. Dates for the annual meeting of the association, which will be held at the Claypool, were set for Oct. 9, 10 and 11. EX-JUVENILE JUDGE TO CONDUCT CLASSES Frank Lahr Will Offer Butler Extension Courses. Frank Lahr, former juvenile court judge, will conduct two courses in family relationship at the Butler university division of evening and extension courses for the second semester, Dean Albert E. Bailey announced today. “Preparation for Marriage,” a two-hour course for senior men, will be offered at 4 each Wednesday afternoon, and “Marriage and Family Relationships” for adults will meet at 7:30 each Friday night in Jordan Memorial hall. The first course will open Feb. 14 and the second Feb. 16. INSURANCE EXPERT TO ADDRESS CITY GROUP “Million-Dollar-Life” Writer W’ill • Speak Jan. 19. Milton L. Woodward, Detroit, j “Million-dollar life insurance! writer,” will be guest speaker at the Indianapolis Association of Life i i Underwriters luncheon, Jan. 19, in ! the Columbia Club. He will speak j on “Things We Should Be Doing j Today.” Carl Maetschke, president j will preside, and James L. Rainey,! program committee chairman, will introduce the speaker. TWO KNIFED IN BRAWL Another Pair Under Police Reports Show. Two men were under arrest today and two others were recovering from I knife wounds, the result of a brawl, j The injured men were Morris Spaw, 42, of 1748 Blaine avenue, and James Boswell, 23, of 1326 South Harding street. Both were treated at city hospital for cuts. Frank Buck, 33, of 1805 South West street, was arrested on assault and bat eery charges, and Leonard Spaw, i 1748 Blaine avenue, on charges of interfering with an officer. HEAR DR. L. SHANKLIN FREE HEALTH LECTURES Lincoln Hotel, Parlor 1305 Tonight, Twice Daily, 2:30-8 P. M. Applied Psychology. Metaphysics. Food ! Chemistry. Chemical Type of People, j PRIZES! .WEU&TUU

INNOVATIONS TO FEATURE HOME BUILDING SHOW Eight Organizations Join in Planning Fairground Exhibition. Innovations in home building will feature the thirteenth annual Indianapolis Home Complete Show, April 6 to 14. inclusive, in the fairground Manufacturers building, according to FTank Cantwell, exhibit director. Eight organizations have joined in planning the home show. They art the Allied Florists of Indianapolis, Inc., the Architects Association of Indianapolis, the Construction League of Indianapolis, the Indianapolis Chamber of Commerce, the Indianapolis Home Builders Association, the Indianapolis Real Estate Board and the Material and Lumber Dealers of Indianapolis. Officers of the Indianapolis Home Show, Inc., which is sponsoring the show are Walter M. Evans, president; Ted Brown, vice-president; Edward J. Hunter, secretary; J. Harry Miles, treasurer; Mr. Cantwell, director; Car! Spickeimier, Louis J. Borinstein. Charles E. Wagner, E. E. Temperley, W. S. Akin, Walter L. Stace, A. E. Head. Robert L. Mason, Merritt Harrison, J. Ralph Fenstermaker, directors. Headquarters are in the Architects and Builders’ building, 333 North ! Pennsylvania street. As in former years, the exposition will be centered around a model home, being designed by Lee Burns and Edward James. Surrounding the home, which will be completely furnished, will be lawns, flower and vegetable gardens. Landscaping will be directed by Lawrence V. Sheridan. WOMAN TAKES LIFHNOFFICE Trade Journal Employe Is Found Slumped Over Desk by Editor. Penning a note of discouragement with life, Miss May Durler, 54, of 1503 Park avenue, committed suicide today in the office o. : the Clayworker, a trade journal publication at 211 Hudson street. Miss Durler was found slumped over a desk in the office of the trade journal by James Randall, one of the editors. She apparently had finished the contents of a bottle of poison which was found on a desk by the police. On the desk also was found a note addressed to Mr. Randall, which read: “Jim—Forgive me for doing this to you and your mother. My interest in life passed with The Clayworker, and I have not the courage to see the finish. Call' hiy brother Ed and give him the packages on my desk.” Mr. Randall said that he could not account for Miss Durler’s act. He said that she had been employed as an office worker for the trade journal for the last forty years. Mr. Randall said he knew of no business troubles and declared that Miss Durler could have had a job with the paper for the rest of her life. Efforts of the police first aid squad to revive the woman failed and she died in city hospital shortly after being found by her employer. She also is survived by a brother, George Durler of Martinsville. PRIZED ‘FIRST DOLLAR’ TAKEN BY PICKPOCKET Fireman’s Billfold Is Stolen; SSB Is Booty. For years, George R. Hardesty, 3268 College avenue, city fireman, was able to boast that, like the fabled Scotchman, he had the “first dollar he ever made.” Today. Mr. Hardesty no longer held that distinction, for a pickpocket “tapped” his pocket while he walked downtown Saturday night, removing his billfold. The billofld contained the first dollar Mr. Hardesty received in pay when he joined the fire department in 1905. Also in the billfold was i $57 more, Mr. Hardesty told police. I

OH, HE hasn't SEEN IT YET. AS A MATTER OF * FACT, HE HASN'T BEEN AfiOUT HIM I ME...GUILTY OF BO*? AROUND LATELY... N0 WONDER Y OU \ HESITATED TO TELL SILLY! YOU ME. i'll CHANGE TO \ KNOW YOU*E LIFEBUOY RIGHT AWAY ,i ,i, :hij . j NO > B.O."NQW J YOU GIRLS BOTH YOUR NEW COAT'S PRETTY, DEAR _ BUT NOT HALF LOVELY SKIN W \ AS ™ E 6,RL ,NS,DE! I THAT ’S JUST ONE OF THE U® ) ■ TIFEBUOY*S purifying lather deep-cleanses face pores i^ W ■L' —keeps skin clear, fresh and radiant. It deodor* ; V * — Stops “B.O.” (My odor). And it re* J jf/f *" ' movcs g e us from hands —help3 protea health. H The millions who use Lifebuoy regularly need have no of "B.O." But widioutthu sijnple precaution

OFFICIAL DIES

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Thomas H. Ellis Thomas H. Ellis, 65. of 60 North j Campbell avenue. Democratic j county commissioner, dropped j dead this morning at the courthouse. Death apparently was i from a heart attack. BOMB WRECKS MINER’S HOME Explosion Believed Signal for Battle Between Rival Unions. By United Press TAYLORVILLE, 111., Jan. 15.The terrific explosion of a huge dynamite bomb blew the unoccupied home of Vem Irvin, mine worker, to fragments today and rocked the entire town. Peace officers feared the bomb was the signal for a reopening of sanguinary conflicts between rival coal mine unions. Members of the Progressive j Miners of America union were re- | ported converging on the No. 47 mine of the Peabody Coal Company. Picketing was expected to result in violence. P. M. A. members voted to picket several Peabody mines at a mass meeting last Saturday. Progressive Miners of America officials were disgruntled over recent decisions of the United States regional coal labor board. Irvin, it was said, is a member of J the United Mine Workers group and j is employed in mine No. 58. Damage J to the house was estimated at $2,000. THREE BANDITS GET $27 FROM GROCERY Cigarets and Sls Stolen from South Side Store. Three bandits, two of them armed, held up the Frank Kautsky grocery, 5500 Madison avenue, last night and escaped with $27 loot. Paul Kifner, manager, told deputy sheriffs that the gunmen took $4 from him and $23 from W. E. Harrison, 938 Dudley street, a customer. Two Negroes held up a grocery at 320 West Twentieth street, operated by A. Bloom, 1010 South Meridian street, taking sls from the cash register and five cartons of cigarets. ARMY BANQUET IS SET Governor McNutt to Be Speaker at National Guard Event. A twenty-piece concert orchestra from the One hundred fifty-first infantry band at Shelbyville will play for the annual dinner of the Indiana National Guard Association Saturday in the Columbia Club, j Governor Paul V. McNutt will be j principal speaker. Major-General George E. Leach, chief of the national guard bureau in Washington, will be present, according to an announcement by Major Claude R. Crook, Lebanon, president of the association. Major-General Robert H. Tyndall will entertain officers of his staff preceding the dinner. Held Up, Robbed of S2O Bruce Shinkle, 33, West Tenth street car motor man, was held up by two bandits yesterday and robbed ! of S2O and several dollars’ worth of street car tokens, at Tenth street i and Tibbs avenue.

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PRESIDENT OF CUBA RESIGNS BY INVITATION Revolutionary Committee Unable to Decide on Successor. By United Press HAVANA. Jan. 15.—President Ramon Grau San Martin today submitted his resignation to a revolutionary committee composed of his own former supporters who had invited him to step out. Members of the revolutionary committee after many hours of vain argument over Grau’s successor, adjourned until 10 a. m. without reaching a decision. Two main candidates for the vacated presidency were considered by the revolutionary committee. Col. Carlos Mendieta. nationalist leader and perhaps the country's most j popular politician, and young Agri- | culture Secretary Carlos Hevia, ! graduate of Annapolis Naval Acad- ! emy in the class of 1920. American Company Seized Grau's submission of his resigna- | tion came after an exciting day during which the government seized control-of the American owned Cuban Electric Company because it failed to reach agreement with its employes on anew wage scale. The workers struck yesterday morning, and for hours the capital and provincial towns were without light or power. News that Grau's resignation had been submitted came at 1:30 a. m. llt was published as official in ! morning newspapers. Resignation Motive Vogue Fuigencio Batista, army chief of j staff; Hevia, Antonio Guiteras. war, | navy and interior secretary; Luis ; Almargo, justice secretary, communications secretary, and Angel ! Fernandez, were said to have wrung j it from Grau. Army, navy and police force seemed united against Grau, but | even after it became clear that he | was being dismissed the motive was vague. Grau Remains Secluded Guiteras emerged from the meeting long enough to say: “We shall abide by any decision | the revolutionary committee may j make. If the army does not accept ) the committee's decision there will be a fight.” Grau remained in his upstairs apartments in the palace, refusing to see any one. INDIANAPbUsXcTTo OBSERVE ANNIVERSARY Dinner and Dance to Mark Tenth Birthday Jan. 24. A party commemorating the tenth ! anniversary of the Indianapolis Athletic Club opening Jan. 24 will ! be in charge of a committee composed of Joseph W. Stickney, club president; Frederick E. Matson, Ralph H. Edgerton, W. H. Berrere ! Jr., Robert F. Daggert and Dick Miller. The party will open with a din- ! ner at 6:30. Dancing, with Louis j Lowe’s orchestra, will follow from 3 J until midnight. Honor guests will i include Mr. Stickney and the five | former club presidents and other of- ! fleers who served at the time of the j club's opening, and their wives. Presidents have been Henry Camp- ' bell, Mr. Matson, Roy E. Adams, T. | E. Myers and P. C. Reilly. Wounds Prove Fatal Wounds received when he was shot by police Oct. 2 proved fatal yesterday to Robert Smith, Negro, 865 Colton street. Sought for ques- | tioning and ordered to halt. Smith drew a revolver. Police opened fire. ONE CENT A DAY FAYS UP TO SIOO A MONTH The Postal Life & Casualty Insurance Cos., 5193 Postal Life Bldg., Kansas City, Mo., is offering anew accident policy that pays up to SIOO a month for 24 months for disability and $1,000.00 for deaths—costs | less than lc a day—s3.so a year. More than 150,000 have already bought this policy. Men, women and children eligible. Send no money. Simply send name, address, age, beneficiary’s name and relationship and they will send this policy on 10 days’ FREE inspection. No examination is required. This offer is limited, so write the company today.—Advertisement.