Indianapolis Times, Volume 45, Number 214, Indianapolis, Marion County, 16 January 1934 — Page 3

TAN’ lfi, 1934

KEEPING UP WITH WASHINGTON

G. 0. P. MAPS NEW FIGHT FOR WAR VETERANS Republican Leaders Make Economy Act Target in Congress. BY THOMAS L. STOKES Timrs >p?rial Writer WASHINGTON. Jan. 16—Republican congressional leaders have chosen partial restoration of war | veterans’ compensation as the first party issue on which to challenge President Roosevelt and the Democratic administration, it was learned today. Senator Charles McNary of Oregon, Republican leader, called a party conference today at which he hoped to line up senate Republicans in support, of amendments to the economy act similar to those backed by the American Legion. While this conference was called ostensibly to discuss party policy on President Roosevelt's broadened monetary program, its real purpose ls to consider a fight on behalf of the war veterans, it was learned. Republican leaders in both house and senate are frankly confused as to what they should do about legislation requested by the President to impound all gold in the treasury, and are expected to wait before taking a definite stand. Expect Democratic Aid Mr. McNary regards the veterans issue as the one about which most Republicans will rally, and, with defections he expects from Democratic ranks, he believes he can put up an attack which will react favorably for Republicans in the November elections. The senate leader held every one j of his Republicans in line last session for the Connally amendment, which would have tempered the full force of the economy act. President Roosevelt won that fight, the only real one he encountered, only by virtue of tremendous pressure personally directed. The President has on his desk the American Legion program, which calls for restoring some of the compensation reductions, and there is a possibility he might amend the economy act through executive orders. He could take this course it it appeared congress might seize the bit and override him. Want Vote Opportunity But, many congressmen do not want it done this way. They want an opportunity to vote and set themselves right with the war vet- j erans. still apparently a feared po- j litical element. The senate will have to make the ! attack. Administration leaders in j the house checked the threat therei by imposing the rule which prevents amendments to the economy act except those presented by the appropriations commit ttee. The Republican strategy is to revise the economy act, if possible, in the senate, thus forcing a vote in the house when the bill goes back to that body. The rule is not binding in such a case. W. B. HARDING AGAIN HEADS MORRIS PLAN 1933 Showed Profits, Stockholders Are Informed. Re-election of Walter B. Harding. United States Tire Company, Inc., as Indianapolis Morris Plan Company president, was announced today, following the annual meeting yesterday. Mr. Harding, in an address to stockholders, declared 1933 was a profitable year, pointing out that not only has the company earned and paid dividends, but it also has been able to add to its undivided profits. Other officers re-elected include Fred J. DeGrief, O. B. lies and Paul M. Akin, vice-presidents; Joe Rand Beckett, secretary-treasurer; Charles F. Coffin, Arthur M. Hood, Wallace O. Lee. Felix M. McWhirter and L. Roy Zaps, directors. WARREN CLUB ELECTS Albert Gisler Named President of Democratic Society. Albert Gisler was elected president of the Warren Township Democratic Club at the recent election of officers. Other newly installed officers of the Irvington organization include Horace G. Clark, vice-president; John Deffmbaugh, secretary; Wallace Jutt, treasurer, and Benjamin Reed and Dr. Silas Carr, both of the auditing committee. POISONED KIDNEYS To flush poisons and acid from kidneys and correct irritation of bladder so that you can stop ••getting up nights" get a .15 cent package of Gold Medal Haarlem Oil Capsules and take as directed Other symptoms of kidney and bladder weakness are irregular er painftil elimination, backache—leg cramps—puffy eyes.—Advertisement.

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NEXT GOVERNOR

General Blanton Winship of Macon, Ga., above, is President Roosevelt’s nominee for Governor of Puerto Rico, to succeed Robert H. Gore, resigned. Winship is a former judge advocate general of the United States army and is an authority on insular affairs.

HOLD RiTES FOR YOUNG FENTON Ex-Governor Leslie Heads Honor Bearers at Funeral Ceremony. From all quarters of life, poltical leaders, friends and schoolmates came to pay a last solemn tribute yesterday at funeral services for Dailey C. Fenton, 13. son of Mr. and Mrs. Harry C. Fenton. 433 East Fall Creek parkway. Mr. Fenton is secretary of the Republican state committee. The Rev. Charles Drake Skinner, Central Avenue M. E. church pastor, officiated at the services, reading the Twenty-third psalm and offering a brief prayer, while Frank C. Dailey, former United States attorney, for whom Dailey was named, read a eulogy. Schoolmates *and playmates served as pallbearers and several girls served as flower girls. Honorary pallbearers were Mr. Dailey, former Governor Harry G. Leslie, M. J. Hanrahan. L. H. Trotter, Elza O. Rogers, Lebanon; Joseph B. Kyle. Gary; Samuel J. Farrell. Hartford City; Paul B. Maddock, Bloomfield; Paul R. Bailsman, Washington; Allan C. Hiner, Newcastle, and Neal D. McCallum. Batesville.

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GREAT BRITAIN IS WORRIED BY GOLD MESSAGE Tariff Increase Considered to Protect Market From U. S. By United Press LONDON, Jan. 16.—Cabinet ministers and financiers throughout Europe discussed President Roosevelt's dollar revaluation program anxiously today, awaiting its first effects. Though the first would be on currencies, and Great Britain particularly feared the French franc and other gold currencies might be forced finally off the gold standard, the trade question was uppermost. The British cabinet met today, and was understood to have discussed possible adverse effects of dollar devaluation of British trade. Protect Against Dumping The questions of possible tariff increases as a defensive factor to protect the home market against ‘ dumping” of American goods, and of possible co-operation with dominions to protect Empire trade, were believed to have been considered. Newspaper comment in world capitals took the w'hole range—praise for President Roosevelt in taking positive steps to get his country back to normal, consideration of the possibility of a currency war or trade war, skepticism as to the working of the plan. So far as British trade was concerned, it was hinted in government circles that the import duties weapon would be used if necessary to protect British markets. Little Effect So Far That weapon would be effective only to protect home market, and would be of no avail in helping exporters to compete with American exporters in the world market. But discussion, here as elsewhere, in view of the tremendous financial strength of the United States and the importance of any move to alter the value of the dollar, was carefully tempered. Government circles said dollar depreciation so far had had less influence on trade than some experts had expected. They put the danger point at an $8 pound sterling. The pound sterling closed yesterday at $5.12 1 A against is par of $4.86 2-3. Bcndix Raises Wages By United Press SOUTH BEND. Ind., Jan. 16.—A 5 per cent wage increase for more | than 2.000 employes of the Bendix I Products Corporation will become I effective Saturday, it was learned today.

THE INDIANAPOLIS TIMES

CONGRESS TODAY

By United Press SENATE Republicans caucus. Resumes consideration of St. Lawrence waterway treaty with interruptions for routine business. Black committee resumes airmail contract investigation. Banking and currency subcommittee continues Detroit bank investigation. Interstate commerce commission considers nomination of Walter Splawn to be an ICC commissioner. Agriculture committtee resumes consideration of Bankhead cotton control bill. Fostoffice committtee considers nominations and pending business. Banking and currency committee meets to consider proposed draft ot President Roosevelt's gold program. HOUSE Convenes at noon to consider Jones farm mortgage corporation bill. Appropriations committee meets on interior department appropriation bill. Coinage committte continues hearings on monetary policy. Military affairs committee considers District of Columbia airport bill. Labor committee meets in executive session on routine business. BUTLER FORUM WILL DEBATEJEW DOLLAR Finance and Social Order Is Lecture Topic. Redistribution of wealth and the new dollar will be under discussion at the third of the Butler university forum series at Jordan hall tomorrow night. The general topic of the forum is ‘'America Moves Forward.” A thirty-minute lecture is to be given ,by Samuel S. Wyer, Columbus. 0., I consulting engineer, which will be | followed by open discussion under | the panel system with the audience taking part. General topic tomorrow' night is ‘‘Finance and Social Order.” Subdivisions to be discussed include the problem of debt, redistribution of wealth, limitation of the Reconstruction Finance Corporation, debt aspects of the new deal and the problem of the dollar. U. S. Bank Leader Dies By United Press WASHINGTON, Jan. 16.—Russell Hawkins of Tilamook Bay, Ore., Republican member of the Federal Home Loan bank board and director of the Home Owners’ Loan Corporation, died suddenly today at his apartment here. Pneumonia was I believed to have caused his death.

WHOLESALERS' CODE PROTECTS 'MIDDLE MAN' Provides for Differential in Price for Sales Direct to Consumers. BY HERBERT LITTLE Times Special Writer WASHINGTON. Jan. 16.—Steps to insure the continued operation of the present distributing system, including the “middle-man,” whose value has been frequently questioned by radicals, are provided for by NRA in two wholesalers’ codes just ap- ; proved. j The general wholesaling code, which becomes effective next Mon- | day, provides for a conference of “all interested parties,” which will set up a series of price differentials for sales direct to retailers or consumers by manufacturers, importers or mills. In other words, such direct sales will be required to carry higher prices than those paid by wholesalers. The code requires that these price differentials be established where sales are made coincidentally to both wholesalers and retailers by the house of origin.

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