Indianapolis Times, Volume 45, Number 235, Indianapolis, Marion County, 9 February 1934 — Page 12

PAGE 12

MUNICIPAL DEBT CHARGE BILL IS GIVENSUPPORT Scale Reduction Measure's Passage Favored by Administration. By Srrippi-Hatcard \etc*paper Alliance WASHINGTON. Feb. 9—Active administration support of the Wilcox house bill to scale down debt charges of some 1.500 cities and towns now in default on their bonds today was expected to assure its quick passage in the senate and its final enactment. The house passed the bill last June. A senate subcommittee headed by Senator Frederick Van Nuys <Dem., Ind.) Is ready to report the bill to the Judiciary committee next week, following hearings at which many mayor* urged its passage. Principal opposition, according to members of congress, comes from insurance companies. Senator Robert J. Bulkley (Dem., O), has put the proposal before President Roosevelt as a part of the administrations wider plan to lessen the whole debt structure, estimated from $133,000,000,000 upward. States, municipalities and other political subdivisions alone carry debts of $27,000,000,000. It has been esti- j mated that nearly $2,000,000,000 of this is In default now. Figures last summer listed three states, 193 counties, and 398 cities j and towns in default along with many school, levee and reclamation districts to a total of more than 1,000. The number is estimated to have increased nearly 50 per cent since then. President Roosevelt, in taking the position that private, industrial and other debts should be scaled downward by interest reductions, has made known his view that a 6 per cent interest rate on loans made by a municipality is unconscionable. He believed that 4 per cent is enough, considering the excellent security of; a city's bonds. He also disapproves j what has been reported to him as a ■ common practice charging 9 or 10 per cent on small farm and home mortgages, while big real estate j holdings in the cities—not nearly as good a security, according to his views—pay only 5 or 54 per cent. Concern has been shown also about railroad interest rates. Here, the President feels, a lower interest rate would make possible larger payments on amortization of principal of debts enabling the companies to go through depressions with far fewer receiverships. The mileage of railroads in the hands of receivers at the end of 1933 was 42,400. double the total of a year previous. KIRSHBAUM CENTER TO PRESENT ART PLAYERS New York Group to Make Third Appearance Here. The Little Theater Art Players of j New York will make their third ap- I pcarance in Indianapolis at the j Kirshbaum Center, 2214 North Meridian street, Monday at 8 p. m. i The cast, headed by Maxim Brodyn. internationally known ballad singer; Zelda Zlattin, pianist and performer, and Victor Packer, famous impersonator, will present a new form of entertainment, consisting of folk songs in costume, character sketches and playlets. This performance is under auspices of the local branch of the Workmen's Circle. Th? committee on arrangements are Mr. and Mrs. H. Schlosser, H. Klazmer H. Ecktman.

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BALBO TAKES NEW POST IN TRIPOLI AS WORLD SPECULATES

A ‘ political exile” —or a future leader of Italy? While Fascists contend that Premier Mussolini sent Italo Balbo, popular air hero, to Africa to broaden is experience, others believe his transfer was a demotion. At any rate, it was a ceremonious welcome that the Province of Libya, in Tripoli, gave the young air marshal, when, as shown here, he arrived to assume his duties as governor.

Taste for Figures Store License Registration Numbers Nibbled by Mathematical Minded Mouse. MR CLARENCE E. JACKSON, who is the state's tax collector, was sitting in his office, reading his morning’s mail. Being head of the gross income tax division and the state store licensing department, Mr. Jackson gets a great deal of mail because his is a very arduous task, what with people always being on the alert for an “angle” which will enable them to avoid paying the state money. Mr. Jackson took up a letter with a Clayton (Ind.) postmark. The first paragraph of the letter informed Mr. Jackson that the writer, a Clayton storekeeper, wished to renew his store license

This was very pleasant news, indeed, and an anticipatory smile crinkled the Jackson countenance. Maybe it only settled a little instead of really falling, but at any rate, the smile was gone. It appeared that despite the storekeeper’s willingness, nay anxiety, to pay the state money, complications had developed. tt n tt “W/ HAT S this? What ' s this? ” * barked Mr. Jackson, irritably. "The man says a mouse has nibbled the old license,” he explained to the reporter whose job it is to chronicle some of Mr. Jackson's activities. The reporter expressed his wonderment that such could be. “Yes,” said Mr. Jackson, “he says the license has been nibbled right on the registration number and he doesn't know what renewal number to apply for.” The reporter marveled. “Now how do you suppose the mouse happened to choose the registration number when he might have nibbled away some unimportant part?” mused Mr. Jackson. “D'ye suppose country

SEEK PUBLIC FUNDS TO ELEVATE TRACKS Belt’ Line Group Summons Officials to Meeting. Efforts to enlist government financial aid in elevation of tracks of the Belt railroad will be made at a meeting of the Belt railroad track elevation committee at 2:30 today in the Rottler cafeteria, 1102 Prospect street.. According to Edward H. Wischmeyer. chairman of the committee, the project * would put 2.000 unemployed men to work. Invitations have been extended to, Mayor Reginald Sullivan, the legal department of Indianapolis, the board of works, the county commissioners, railroad officials, and Otto P. Delilse, state chairman of the federal public works board. MELON JUICE GUARDS FORTUNE FROM BLAZE Fruit Placed in Safe Means of Saving $25,000. Bjt Timrtt Special ISTANBUL. Turkey, Feb. 9.—Two melons from a cashier's lunch saved the Turkish government 36,000 pounds Turkish ($25,000), when the law courts burned recently. The cashier had secreted the fruit in a compartment of the safe, and although the fire was so fierce that it melted the metal inside the strong box. the boiling juice from the melons, soaked the paper notes, and they were recovered. MASS MEETING SET IN HONOR OF WASHINGTON • —— State Reserve Officers Sponsor Tribute to First President. Washington’s birthday will be celebrated at 12:30 Thursday, Feb. 22. with a nonpartisan, nondenominational meeting in English theater. The meeting will be under the direction of the state reserve officers. Announcement has been made of nightly broadcasts over the Colum- ! bia hookup from Feb. 12 to Feb. 22 by men of national prominence. Two radio broadcasts will be heard over WFBM. one at 12:15 Monday. Feb. 19. and the other at 2 Wednesday, Feb. 21.

Office Supplies and Equipment STEWART’S, INC. Formerly W. K. Stewart Cos. 44 E. Washington St. LI. 4571 i _ ■ ...i i •Any Shape l YOU ALL KNOW THIS UNDERTAKER Harry W. Moore SOSO E. Mich. St. CEL 6020

mice are different from city mice? Probably possesses a rodentary nature and—- “ You mean sedentary, don't you?” interjected the reporter. “That's what I said,” retorted Mr. Jackson, subduing the reporter with a glare. u tt u “IVyfAYBE he tanked up on 6 -*■*•*■ per cent cheese and was rehearsing to be a Mickey Mouse,” volunteered the reporter, hopefully. “That isn't funny,” snorted Mr. Jackson. You're practically no help at all.” “Oh, well,” sighed Mr. Jackson, “life is getting to be just one thing after another. I guess we'll have to look through the files and get that registration number.” He observed that the lot of a tax collector is tough enough without a mouse coming along and making things harder for one. The reporter agreed, but he went away just a little nettled. He still thought that was a

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THE INDIANAPOLIS TIMES

| pretty fair crack about “Mickey Mouse.”

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I. U. HOSPITAL WORK INCREASES Fifty-Four More Persons Received Aid During December. Fifty-four more patients were served by the three Indiana university hospitals in Indianapolis during December, 1933, than during December, 1932, According to the monthly report issued here today by J. B. H. Martin, administrator of the Indiana university medical center, 973 patients were cared for the past December as compared with 919 during December, 1932. Os the 973 patients served, 634 were bed-patients admitted to the hospitals and 339 were out-patients. A total of 7.900 laboratory examinations were made at the three hospitals and 2,078 treatments were given. The James Whitcomb Riley Hospital for Children, with 437 patients,

served the largest number. The William H. Coleman Hospital for Women came second with 272 patients and the Robert W. Long hospital third with 264 patients.

GOOD VALUES ON CREDIT! f LOWEST PRICES AND MOST CJJ LIBERAL TERMS ON Men’s and Women’s Clothing and Jewelry at !■■s ft 43-45 S. ILLINOIS ST. Isl OPEN SATURDAY NITES UNTIL 9 P. M. ffl

New Officer to Be Welcomed Tonight at 7:30, Captain Mary Hill, new comanding officer of Salvation Army No. 3 corps at 2017

FEB. 9, 1934

| Howard street, will be officially welcomed to her new duties. Women in Japan have neither , legal status nor individual rights.