Indianapolis Times, Volume 45, Number 221, Indianapolis, Marion County, 24 January 1934 — Page 2

PAGE 2

SECURITY ACT CHANGES ARE HELD UNLIKELY All Groups Affected Map Amendments to Be Offered Congress. BY WALKER STONE Tim.* |(T Writer WASHINGTON. Jan 24. All groups called to account by the “truth-in-securities’’ act have committees at work planning for it* amendment. It waa learned today. Within a few weeks congress will be flooded with recommendations for change In the law. But there la little likelihood the act will be modified at this session to weaken the ‘ let the seller beware” principle. Administration and congressional leaders have canvassed all arguments against the law and have decided to permit a few minor amendments, but have closed the door against all proposed alterations striking at its fundamentals Senator Duncan U. Fletcher (Dem., Fla.) and Representative Sam Rayburn 1 Dem. Tex.), chairmen of the congressional committees that handled the legislation, are both convinced that the law’ must not be weakened. The federal trade commission is satisfied with the way the law is working, but has indicated it will not object to some minor amendments designed to make the machinery of regulation function more smoothly. Secretary of the Treasury Henry' A. Morgenthau carried to Senator Fletcher last fall a message from Warm Springs saying that the President wanted the senate banking committee to study objections to the law. It was believed then that the securities act was in for a thorough overhauling It now appears, however. that the senate committee will not even hold a general hearing on the subject, limiting its action to the few’ changes that will be suggested by the administration. Five groups, under the securities act. are responsible for seeing that the investor is furnished the whole truth. They are the officers and directors of the issuing corporation, the investment bankers that underwrite the issue, the lawyers that assemble the information and drawup the contracts, the accountants that make a report on the corporation's financial condition, and the engineers that make the appraisals relied upon in the report. FIRE PREVENTION TOPIC National Association’s Engineer Addre sees City Group. Principal speaker at a meeting of the Chamber of Commerce fire prevention committee yesterday was Malcolm 8. Blake, National Fire Protective Association field engineer. Other speakers Included Clem Smith, state fire marshal; Charles, R. Myers, safety board president; Harry E. Voshell. fire chief; Mike Morrissey, police chief, and W C. Mabee, water company chief engineer.

Gone, but Not Forgotten

Automobiles reported to police as stolen belong to: Wluiem Cochran. 425 Gerard drive. Bulck sedan. 22-991. from in front of 19 West Ninth street. Eg'* arc! C Wlebke. 144 Hampton drive. Ford coupe. 25-855. from Ohio street ana tCapitol avenue Samuel McCann. 1110 North Hawthorne lane Bulck sedan 12-250. from Senate avenue and Market street. Ed Bergman. R R. 3. Box 251. Nash sedan 113-107. from Missouri and Market streets Lov C. Leuty. 415 Euclid avenue. Greenwood tnd . Graham Paige sedan. 253-166. from Georgia and Delaware streets. W Elav. 937 North Illinois street. Oraharn Paige sedan, from 1718 North Talbot avenue

BACK HOME AGAIN

Stolen automobiles recovered bv police belong to W Matthews. 328 Villa avenue Ford coupe found at 1700 East Ravmond street. George R Patterson R R. 13. Box 149-Y. Dodc ’ coupe with slipon bodv, found at Thirtieth street and Pendleton Pike. J Ratcliff. 1522 Shelby street. Ford eoach. found In front of 135 West Fourteenth street.

I ASTHMA |Strqnqlinq her

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Colds That Hang On

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NEXT SUNDAY January 28 tO C ft CINCINNATI S£.JU HAMILTON $2.30 Oxford $2 00 Liberty II.SS Connersvilie $1.20 Rushville and return L. 4 S# a M. Returning leave Cincinnati It U P. M . Eaetera Tim*. Phoney Un.nl* MO —Riley JSSS

Indiana in Brief Lively Spots in the State’s Happenings Tut Together ‘Short and Sweet.’ . By Times Special MUNCIE. Jan. 24 Mayor George R Dale, pardoned by President Roosevelt following the conviction o n a liquor conspiracy charge in federal court at Indianapolis, believes his police chief. Frank Massey, convicted of the sarife offense, should be freed. “Whoever heard of a one-man conspiracy?” the mayor commented. “If Massey wouldn't be given a pardon, then It would be that; but he'll get one, I feel sure. ’ , The mayor returned here recently after an absence of several weeks, during which he was treated for an eye ailment at Johns Hopkins hospital. Baltimore, and rested in Miami. Fla. He may return to Miami next week.

* a a Long Tie May End Bui imrs Special SHELBY VTLLE, Jan. 24.—Married nearly thirty-two years ago. Mr and Mrs. Fred L. Fisher are parties to a divorce suit on file in Shelby circuit court. The suit, ! filed by the husband, alleges the wife became irritable and dissatisfied with her home. The couple, married in October, 1902. separated in July, 1932. a a a Faces Two Charges !By Times Special SPENCER. Jan. 24. James M. Henderson, former cashier of the closed Patricksburg State bank, is at liberty under bond pending trial in Owen circuit court on an indictment Charging unlawful loans to an officer and permitting an officer to overdraw- his account. Henderson is said to have owed the bank $16,000 when it was closed in September, 1932, on order of the state banking department. u m u Wife Beater Sentenced By Times Special SHELBYVILLE. Jan. 24.—Roger Urich was so anxious to pay a doctor's bill that he beat his wife because she would not give him $4 she had earned. He was fined $1 and sentenced to the state penal farm for sixty days w’hen he pleaded guilty to an assault and battery charge. m m m Bans ‘Social Pupils’ Bu Times Special MUNCIE, Jan. 24.—Post-graduate pupils of Central high school too often are merely social pupils, according to L. S. Martin, principal, and drop out of school as soon as the work becomes difficult. In an effort to curb the practice, Mr. Martin announces that postgraduate pupils who quit will not be permitted to re-enter for the next semester unless they can prove the withdraw’al w’as for a good reason. ana Proposes CWA Job By Times Special ELWOOD, Jan. 24 Repainting and repairing of the city building, entailing expenditure of $7,200 for wages and SBBS for materials, is a civil works administration project proposed by Mayor George M. Bonham of Elwood to Neal McCullough, Anderson, Madison county administrator. m a * $9,000 for Injuries By Times Special MARTINSVILLE. Jan. 24. Judgments for a total of $9,000 have been awarded Abraham Griggs, Bethany Park, and his wife, Mrs. Martha Griggs, as a result of injuries incurred when their automobile collided with a truck driven by A. O. Carter on Aug. 1, 1928. Mrs. Griggs was given judgment for $7,000 and her husband for $2,000. Their suits against Mr. Carter were heard in Marion circuit court by Judge C. G. Vernon. ana Cave-in Victim Buried By Times Special MUNCIE. Jan. 24—Funeral services were held today for Albert Eugene Houk. 9, who died of a broken neck and suffocation when buried beneath a sand pile cave-in Sunday. A companion. John Becktel, 8. was buried to his waist in the sand, but managed, with the aid of playmates, to extricate himself. a a a Seeks Mayor’s Office By Times Special BLOOMINGTON. Jan. 24.—Henry H. Beard is the first Democrat to announce his candidacy for mayor of Bloomington. He has w’orked thirty-three years as a stonecutter. He served one term as a city councilman. / a a 9 Divorces Convict By Times Special MUNCIE. Jan. 24—Mrs. Susie Jean Stamper, former Summitvllle young woman, has been granted a divorce in Delaware superior court from Joel Stamper, bank bandit, who is serving a fifteen-year term in the Indiana state prison. She aided her husband in several bank holdups, and was sentenced to the Indiana woman's prison at Indianapolis, from which she and another prisoner made a sensational escape Recaptured. Mrs. Stamper, was returned to the prison and later was granted a parole. She is living here with her parents. mam Given City Position By Times Special BEDFORD. Jan. 24. Dunlap Wakefield, formerly of Bedford, has been appointed director of the city safety department of Louisville, I Ky. Mr. Wakefield, a Louisville broker, formerly was connected with the Citizens National bank here. All Out! By Times Special KOKOMO. Jan 24—A 15-vear-old boy. who turned in a false alarm which brought out the entire fire department of Kokomo, is awaiting trial in juvenile court. Police announced following the arrest that vigorous prosecution will follow future false alarm. man Crash Causes Death By i niteti Press BRAZIL. Jan. 24.—Injuries suffered by Richard Shaw, 16. when h3 drove his auto into the path of a traction car Sunday, caused his death here yesterday.

t Thousands of Dollars ■ worth of High-Grade Goods* being sacrificed at ■ KRAUSE BROS | Going-Out-of-Business Sale m “Court House la Opposite Us” /§

TEN-POINT PROGRAM OUTLINED FOR CUBA Recognition by Roosevelt Aids in Rebuilding of Government. By L’niteii Press HAVANA, Jan. 24. President Carlos Mencieia anc his government, accorded full recognition by the United States, set to work today to accomplish a ten-point poiitical and economic program. The quick recognition of the new regime by President Roosevelt, received with wild enthusiasm by Havana citizens who, only a few weeks ago, were shouting, “Down with the United States,” left the government free to concentrate on reconstruction problems. HOTEL WAITERS STRIKE Waldorf-Astoria Kitchen Service Curtailed by Walkout. By T’nitrd Press NEW YORK, Jan. 24—The $30.000,000 Waldorf -Astoria hotel—a forty-two stories structure housing enough people to populate a goodsize town —worked with a curtailed kitchen and waiters staff as a result of a sudden strike stemming j from the discharge of a minor chef. The strikers, threatening to spread the walkout, claimed that staffs at two other hotels also had struck.

Ii ’ Twas a Good Wind Thai Inspired January sale! J9f TheSe NeW " Windbl ° wn " Children's New Spring Spl*ing Coats Wash Frocks ' Childr.n Ih. —lore 4 8 XI A tornado of approval has sprung from the gentle spring breeze cloth frocks. Dainty straight line styles, waistSIPR ~W>\ V that inspired fashion’s new “Windblown” silhouette. The new coats ed or Princess Elizabeth styles. Some have * I'M \ S have a forward sweep that makes the wearers look as if they were panties to match. All vat dyed and perfectly ~ §§' being M° wn along by the wind. They lie flat against the back with tailored. Sizes Ito 6>/ 2 . &'t 4 j %■; $ M their fullness in front to give the silhouette a youthful and appealing /o | a look. We warn you ... it will make all your old clothes seem static Other Wash Frocks, 2 for SI.OO M jt ||j and staid. Sizes for women and misses. —Downstairs at Ayre. i ! I " Boys’ Wash Suits, 59c ;! 'f ( I I CA\/C I . f One piece button at waist styles in plain shades or con- ~~ ily to a fully mit-size .1 . they stretch up and down as well as SB % ]j!® lAMII AP V CAI FI across .. . only as the leg requires .. . with no strain or binding |Nl| M'liPMa JQ JMIIWMIV I &A* ifaC on hose. Sizes BVi to 10Vi* —Downstairs at Ayres. wBBr ARCH-BRACE" Fashion’sNewFrocks MBF . c U A E C Will Put You "Up-to-Your IW Chin" in WHITE Ip!|; mB ’ . .**!*to render the greatest possible amount of comfort . . . yet they’re FASHIONABLE. A . , , , , rMI Njagghiyilßlßl good assortment of smart models. Also nurse’s Choose plain .. . light or dark ... bu * '° u BUS oxford in black. They’re yours at this remark- choose, be SI RE your earl>-spring dress has a toch of gleam- SafflW W&* ”*BWi MQB ablv low price. ing, glistening WHITE at the neckline. Perchance a fnlly or- • i 7 ‘ o* i 4 n a4 a * n gandy bow! A stuning lacy jabot A standup collar frothy j | | \ \ / I . y ~. v lze * *t° 9. ™ laths AAA to C w ith white ruching! You’ll look naive and young .. . sophisti- / I \ \ I I * Closed Tongue Ties Perforated Ties cated or business like in these “Lady-Like” dress fashions. ** M\ ■). L •-,. 4 of Brown and Black Covered” and Leather Black, navy, brown, prints and colors. 1 JhA ’l/ jj Combination Last Sizes for Misses, Women and Juniors! W * * DOWNSTAIRS AT AYRES-WHERE FASHIONS ARE LESS EXPENSIVE!

_ THE INDIANAPOLIS TIMES

15 QUALIFY AS POLICE EXPERTS WITHREVOLVER Ancient Jibe No Longer Appreciable, Results Indicate. That classic bit of sarcasm, “our cop 6 couldn’t hit the side of a barn,” no longer can be hurled by scornful taxpayers at the heads of city officials. Irrefutable statistics can be thrown right back at the scoffers to show that the policemen are excellent marksmen with the revolver and some even classify as “expert.” To get in the expert class, the marksman must have an average of more than 85 per cent in shooting at a bullseye twenty-five feet aw r ay. Out of twenty-six policemen and detectives competing yesterday, fifteen qualified as experts. Detective S. V. Coleman led the list. His score was 99.33 per cent, which means that he hit the bullseye squarely nine times and nicked it in the tenth. Close behind was Patrolman Kegeris with 98.33 and Detective Corbin with an even 98 per cent. Others in the special group were Patrolmen Willis, Downs, Fulton, Snider, Merrill, Braham, Griffin, Deeter and Pierson; Detective Gish, Sergeant Hedges and Lieutenant Tooley. The eleven other competing men had to be contented with inferior titles of “sharpshooter” and “marksman.” The average of the group w’as 78.66 per cent. Reports Theft from Home Marion Walker, 1736 Bruce street, notified police last night that his home had been entered and a shotgun valued at sls, a ring valued at sl2 and a watch w’ere stolen.

TALKS ON HITLER

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Sherwood Eddy

The menace of the Hitler policies will be pointed out by Sherwood Eddy in a lecture at 3 Sunday at the Masonic temple, tinder the auspices of the Y. M. C. A. Dr. Eddy has studied world events for thirty-five years, and has returned recently from a trip to Germany and Russia. The meeting Sunday will be open to the public.

EFROYMSON RENAMED LOAN SOCIETY CHIEF Association's Fiscal Position Sound, Stockholders Told. G. A. Efroymson was re-elected president of the Indianapolis Public Welfare Loan Association at a stockholders’ meeting yesterday. Herman P. Lieber was named vicepresident; James A. Collins, secretary, and Franklin Vonnegut, treasurer. Ralph Bamberger, Henry Langsenkamp and Mr. Vonnegut were re-elected directors. R. R.'Wickes, manager, submitted a report show’ing substantial gain in assets and reduction in liabilities during the year.

LOCAL RALLIES MAY UNCOVER peters; RIVAL Democratic Meeting Series Are Developing Into Tests of Strength. Whether designed purposely to reveal the strength of prospective candidates for the Democratic nomination for United States senator. district organization meetings are turning into just such a test, it appeared today. Only officially announced candidate for the post is R. Earl Peters, Ft. Wayne, former state chairman. He appeared with Governor Paul V. McNutt, on the speakers’ platform at the fifth district rally in Marion last night. But obvious effort was being made there to boom a hometowner and former congressman. George Rauch. Tonight the scene shifts to Peru, with two other hopefuls entering the picture, Attorney Harvey Cole of Peru, and Robert Proctor. Elkhart, who is principal speaker. On Friday night the Tenth district meeting will be at Newcastle, where Collector Clarence E. Jackson of the sales and income tax will be boomed. Alex Pursley. Hartford City. Fifth district chairman and Peters’ supporter, last night praised the candidate for his seven years' service as state chairman. In turn, Mr. Peters urged that Democrats withhold judgment on the new deal in the state until the 1933 legislative measures have been fully tested. Governor McNutt spoke on his ow’n administration without reference to Mr. Peters, although the former chairman’s administration w’as praised by his successor, Dr. Carleton B. McCulloch. The Gov-

IN CLUB COMEDY

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Charles Braun Jr. Charles Braun Jr. of St. Catherine’s Dramatic Club will take one of the leading roles in the presentation of "Madam the Boss," a threeact comedy to be given by the club at St. Catherine’s hall, Shelby and Tabor streets. A matinee and night performance of the comedy will be given Sunday. Others in the cast are Sarah Boland, Robert Toner, Rudy Stumph, Catherine Cleary, Harold Dwenger, Inez Custard and Norman Brinker. The play is directed by John Carroll. ernor and Dr. McCulloch will speak again at the Newcastle meeting. Sherman Minton.’ public counselor, who is expected to announce his senatorial candidacy shortly, sent a letter of regret to the Marion meeting. BANDIT ROBS BARBECUE An armed bandit held up a barbecue at the county line and South Meridian street last night, operated by Thomas Earps. The gunman took $25 from the cash register and locked Mr. Earps in a room.

_ JAN. 24, 1931

NEW TAX BILL i TO PLUG LEAKS IS LEADERS'AIM Measure Will Get Spotlight When Gold Legislation Is Disposed Os. BY THOMAS L. STOKES Times Stiff Writer WASHINGTON, Jan. 24 A bill to revise the income tax structure and to plug loopholes through which the wealthy and t’ne speculators now escape is the next major piece of financial legislation which will come before congress when it completes action on the pending gold bill. Chairman Robert L. Doughton of the house ways and means committee said today he expects the tax measure, designed to raise between $200,000,000 and $250,000,000, would be ready to present to the house next week. In this permanent reform bill the country may see something approaching the capital levy whereby the government w ill dip heavily into the resources of the rich to pay for its various measures designed to improve the welfare and guarantee security for all. Just how far the government will go in this direction depends on the progress of recovery and the reaction to President Roosevelt's program. In the temporary bill, as far as possible, the ways and means committee aims to shift the burden of taxation to those more able to pay. A major reform is proposed in the normal and surtax rates. Mr. Doughton revealed today that the committee already has adopted the change recommended by a subcommittee anfl approved by the treasury w’hereby there will be one single rate, four per cent, applying to so-called normal tax. with the surtax schedules beginning at $4,000.