Indianapolis Times, Volume 45, Number 228, Indianapolis, Marion County, 1 February 1934 — Page 2

PAGE 2

Room 276 in Treasury Building —America’s New ‘Mystery Chamber’ Where History Is Being Written

BY FREDERICK C. OTHMAN CltH fm Btff Corrpndrnt "IirrASHINOTON. Feb. I—Walk "" Into the treasury department. climb the ancient stairs and •troll down the front corridor to room No. 276. the mysterious chamber in which President Roosevelt’s $2,000,000 000 stabilizing fund for the dollar is being administered Pound on the door Shake the knob. Guards come running. Scram Sneak around the corner, crane your neck and peek through a window. See inside what’s destined to become one of the most

to CUoxaa QownStcWU Jomtyihoto f&t. ... Important February Thrift Sales I RIGHT OFF THE GRIDDLEt Havy S*trvjj* Weight Sale! r A Value So HOT That We |j “Buster Brown’s” are a nationally advertised hose I BraglS I \ / y. ci fx /ijirr v / nrr na vi i that has met with universal approval. They’re made . f '' I " L 1 Offer It ONLY tor () Ahi DAY . of chardonize rayon that will give more than the ordi- | 1 >\v V\ lg n © i spliced toe and hemmed top. All first quality. Sizes 1 * //{ ] / B I'l *B* |M| y from B>/2 to 10>/2< Your choice of all the popular hosiery ||||||Sf£n£j| \ -‘YI ~ / F I £jjg H g | shades. --Downstair. Ayr... | i month .. . here is No. 1. Lace curtains of fine \ JL B E P* 1 *<£ \ J y. shadow weave net in 2 beautiful designs. They MM I /• if WW C Sfa I" B* I# C MMfflM N : : . \ / / j are 43 inches wide and 2% yards-long. Kecom- v ▼ 311 ■ E im *# l v * j \" n e se r ,e\he mu!,i to Limit Quantities! J^ c | Guaranteed Fast Colors jnHnft. JHB - ' >C i| I j | l^j The chief news about these new spring wash frocks iHJiIOrCCIS OT ©IT ■ M iflHjßgEllr ion details to make them extraordinarily good looking. |P% M ITT) Wf* Ct CL CL ' li weather wear. Sizes from 1 to 6 years. §g **# HBHBME - - g_ A Wjp B spring 1934? You’ll find these dresses A r • In ! Ii E#4 A bpecial Purchase and E ! the new lines, the new contrasting mtoJm - - -- plaid trims, crisp white on black, navy .... / -i m y or brown. Field flower prints, gay ?C t Fs m \k t /11l I prints and combinations. In fact you’ll be &• o 11/ m;--a fffi til yin*. \A / J-, ■rxr-t rt u— l 8 I- ,—, I—. f usXS A thrilled pink being able to find such a fine !SIZ€S tOr H 017t€tl siO©S Womens nigh-vorade *-*• and : $1.49 B4IR Winter C*s Oat S I Now for Spring! AtoC | PAIR • ■ t I ... . , ~ . .... ... . Beautifully Fur Trimmed! \,W Gay, Youthtul We were lucky enough to secure a fine group of high quality shoes / T / Y ' • at a very, very low price. We pass this TREMENDOUS saving along gjgßK ft p to you. Select a serviceable shoe o? leather, brown and black kid. *£ ojm * pa rftfs / "lrsK 'Wi A BT fabrics and satins. Oxfords, straps, tie'and step-in pumps. High or jf 3 M M 3 A 1M M p Cuban heels. —Downstairs at Ayres. B * *" * -®F A' •'' Here’s a clearance that will sell itself! Coats of superb quality in fabric and fur treatment. Substantial reductions that are really sensational! These coats are beauMSr\ tifully tailored, have warmth and smart fashions. Rich, thick, sleek furs adorn the %} HMfe| Jr collars. They're Beaverette, Lapin (Rabbit), Marmink, Manchurian Wolf, Pointed | Hg” *'***• **** *—* f —W* y New Spring Hats Ofic HSiT] fast colors! S> ffjl \ w^m y\JI j \\ Yes’m we have plenty of new spring wash \a/ r WI T*ll r 1 I frocks in hwwutiful prints and broadcloths. to Wear rrorn Now I ill taster! "* \X / —d Ga >* c ° lored prints, checks, dots and piaids Men like the looks and \ ) vi Mir ’ n weara blc, washable fashions. We know the fit of these well made ' YHf it I \JP A -tSI you’ll like them because of the excellent These new spring hats will capture >our shirts. Perfectly fitting j&|| | \ fsz -Jp11 ; . || tailoring and youthful looking styles. Sizes fancy by their fascinating st>les. Off-the collars that will hug the * % \ from 14 to 20 and 38 to 52. faces models, tucked turbans, draped tur- pJg neck. In white.* blue, \ CM OO ESSSu & from' 14 a up Xl/ H \ ® MtT Better Smocks, $1.19 are youthful and flattering. All the favor- EjS * to 17. 1 / Fine broadcloth smocks greatly reduced. ite colors too. black, navy, brown, red and 1 MBs J? / // Cl* / / \ A / In all the favorite styles and models that heavenly pastels. m£h| DeltlOrd &tlirtS 4 -alf* ill are popular. The colors are rose, blue, tan —Downstairs at Ayres. $1.19 Each f M I and green j n sizes 14 to 20. —MaaaM _ Ml— _...-Downstairs at Ayres. J T .J fr \ -Downstairs at Ayres.

AYRES * DOWNSTAIRS * STORE

historic rooms in American history. A black velvet curtain almost obscures three machines. One pounds out news of the world. One taps financ.al information at sixty words a minute. One prints bond quotations in purple symbols. A stenographer, with windblown hair, appropriately golden, tears off the tape at intervals. mam SHE takes It to Archibald Lockheed. foreign exchange expert. who sits at an oval table of mahogany. Mr. Lockheed and five associates pore over the tape. They make notations on charts.

They draw red lines and black on green-ruled graph paper. Treasury Secretary Henry Morgenthau Jr. walks in through a private entrance. He removes his glasses, speaks quietly to Mr. Lock heed, smiles, and walks out again. Daylong. Mr. Lockheed and his conferees study the financial news. Each night they report to Secretary Morgenthau. On the basis of this knowledge he dispatches orders to New York, where his agents are ready to buy and sell the pound, the franc and other foreign currencies. Only two men know all of what is going on. They are President Roosevelt and and Mr. Morgenthau.

THE INDIANAPOLIS TIMES

THEIR operations are designed to keep the dollar at a designated world level and so promote rising prices for American goods. The $2,000,000,000 with which they operate is in gold, most of it in the federal reserve banks, where it is earmarked for the account of the treasury. Only a few millions in gold are in the vaults far underneath the treasury building. Officials insist no more gold will be brought here. Nevertheless, a treasure chest costing $400,000. and big enough to hold most of the gold in the world, is in the process of erection. Tread carefully down granite

stairs into a subterranean passageway and take a look. Go still lower on a ladder, dodge iron workers, and enter what soon will be America's strongest strong box. The walls, the floor and the roof

PROFESSOR WILL SPEAK Church Open Forum to Hear Talk by Butler Teacher. Professor Ross Griffith, Butler university, will speak at an open forum session tonight in the Fmst Presbyterian church. His subject will be “The Responsibility of the Church for the Character of Moving .Pictures.”

are made of chilled, pressed iron, so hard that It took experts six hours to drill one small hole yesterday in a plate of it. 808 THE vaults are painted orange color, like anew bridge. Workmen struggle installing the door. It weighs thirty-nine tons. On the lower level are five great chambers designed to hold bullion, and five more to hold currency. On the second floor are more vaults for available papers, the records, for instance, from Room 276. The man who shows you around says he doesn't think any burglars

will try to get in. If they do, they won’t be able to get out. A FLORIDA LYNCHING IS PROBED BY GOVERNOR Immediate. Diligent Investigation Asked by Executive. Rr United Prrw TALLAHASSEE. Fla.. Feb. 1 Governor Dave Sholtz, emphasizing ! “we do not condone lynching in Florida." asked for an “immediate I and diligent investigation" of the ; lyneh-killing of Robert Johnson. Negro, near Tampa Tuesday.

EEB, 1, 1934

trick arrangement of microphones and port holes md passageways for guards takes care of that. He doesn't know what is going into the vaults, the man .says. Ask Mr. Morgenthau. he suggests. But Mr. Morgenthau is busy—in Room 276

The New Aid in • PREVENTING ) COLDS CLEARS HEAD QUICKLY