Indianapolis Times, Volume 45, Number 235, Indianapolis, Marion County, 9 February 1934 — Page 8

PAGE 8

ROOSEVELT TO ASK LAW AIMED AT SPECULATION Message Urging Exchanges Be Curbed Ready for Delivery. 89 Vn it'd Press WASHINGTON, Feb. 9—President Roosevelt planned today to send to congress demands lor drastic curbs on the speculative activities of the nations great security exchanges. A message setting forth his views on the type of legislation needed to effect the reform which he believes essential was said to have been completed last night. Chairman Duncan U. Fletcher of the senate banking committee and his investigator, Ferdinand Ptcora, worked on a bill based on revelations at the committee investigation. The bill was regarded as the administration's answer to demands that the spectacle of the 1929 security market collapse should not be repeated. “Teeth ' in the form of heavy penalties were expected I to discourage thpse seeking to circumvent the law. The bill represents the combined j eflorts of Mr. Peccra and experts of j the commerce department who have j been making a study into the ex- | change methods and possible cures.! The bill is more drastic than was j recommended by the commerce department. Adoption of the measure will mark anew epoch in the history of the exchanges, hitherto left almost entirely to themselves. Later in the session it is planned to pass legislation which will govern speculation on the commodity 1 exchanges. Roughly, the bill to be introduced today provides for the vesting of broad po\rs in the hands of the federal trade commission. The commission is to have the j power to demand periodic reports, j fix requirements for the listing of stocks, raise margin requirements I above a certain fixed minimum, if | needed, and limit the amounts of i credits to brokers or customersbrokers loans. BANK'S SHAREHOLDERS SUED BY STATE BOARD Liability for Closed Etna Trust Assets Tested in Two Suits. Two suits to recover individual' liability from shareholders of the closed Etna Trust and Savings j Company were filed yesterday in! superior courts by the Indiana department of financial institutions. Judgment of $8,500 was demanded in a complaint against Percy B. j Goodrich; the "second suit asked judgment of $1,200 against Samuel 1 T. Brown. Several similar actions have been brought by the state de- 1 partment against stockholders of the bank.

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JOY ABOUNDS AS SHELBY FARMER GETS FIRST CORN LOAN IN STATE

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Pleas Greenlee <second from the left) grinned broadly today as the first of the $200,000,000 federal corn loans for Indiana went to a Shelby county farmer. Pleas comes from Shelbyville. In the picture, left to right, are Martin Lang, commissioner of weights and measures who has charge of sealing

Indiana in Brief Lively Spots in the State’s Happenings Put Together ‘Short and Sweet.’ By Times Special Feb. 9.—Ministers of Hancock county have fallen into line with the code movement. Without a dissenting vote, the county ministerial association has adopted a code, provisions of which include the following: “I, the undersigned, pledge to the ministers of Hancock county, Indiana. my full co-operation as far as denominational usages and rules will permit in attaining the purposes of the association. To that end I will avoid activities and attitudes which cause friction amongst or between churches. “I will seek to lead the members of my church into a harmonious relationship with all churches. “I will not disturb the membership of any one who is honoring his or her membership in another church by attendance, contribution or expressed preference; but I will do my best to see that every Christian joins and works in some local church. “I will not prostitute the high office of the ministry of Jesus Christ by commercializing marriage, neither soliciting weddings nor permitting it to be done for me. “I w’ill not consent to my charge making use of methods in the financing of the church budgets which tend to coerce merchants, public officials or members of other churches to make contributions.” 000 a o a

Lost Job; Sues j By Timex Special ANDERSON. Feb. 9.—Allleging that a garnishee suit filed against him in a justice of the peace court caused him to lose his job, Daniel Hysong has filed a suit for $5,000 damages against Wilford E. Broyles in Madison superior court. In an effort to collect $666 Broyles instituted the garnishee proceedings. He obtained judgment, execution was issued and Hysong's wages seized. After an appeal to circuit court by Hysong, the original suit was dismissed on motion of Broyles, the damage suit complaint avers. u n tt Franklin Pioneer Dies By Timex Special FRANKLIN. Feb. 9.—Funeral services were held today for James Buller Payne, 84, former Franklin business man and a resident of the city for sixty years. He formerly was engaged in the milling business. He leaves his widow 7 , Mrs. Elizabeth A. Payne, and four children, Mrs. Oren E. Hemphill and Mrs. Carl H. Weyl. both of Indianapolis; Mrs. Warren J. Yount, Bedford, and {Hugh A. Payne, Franklin.

cribs; Mr. Greenlee, Anthony Wisker, farmer making the loan; Edward Lux, 1931 corn king, and Claude M. Barnes, both sealers. Mr. Lux has some seals in his hand and Mr. Barnes the warning signs to protect from theft. All but Mr. Lang are from Shelby county.

Old Store Sued By Times Special MADISON, Feb. 9.—Appointment of a receiver for the Marks & Benson Corporation, which has operated a clothing store here for eighty years, is asked in a suit riled in Jefferson circuit court by Frank J. Pritchard, owner of stock in the corporation. a tt n Licensing Proposed By Times Special BLOOMINGTON, Feb. 9.—Ordinance for licensing of plumbers, both employers and workers, is being considered by the city council. The measure provides for a written examination by a board of five members. 000 Orphanage Urged By Times Special KOKOMO, Feb. 9.—Construction of a Howard county orphans home is being urged by a group of citizens, spokesmen for w'hich are Mrs. George Locke, Omer Kirkendall and E. H. Sage, who presented the proposal to county commissioners. The county now boards orphans in various institutions over the state. Cost last year for care of twelve children was about $3,000, according to commissioners.

THE INDIANAPOLIS TIMES .

RETAIL CODE GROUP ASKS INCORPORATION NRA Authority Directors Sign Petition. Articles of incorporation for the Indianapolis Retail Code Authority, administrator of the NRA retail code locally, were filed with the secretary of state yesterday. The incorporation articles were signed by all thirty-two directors. Officers listed are Theodore B. Griffith, president; Arthur A. Brown, vice-president, and Toner M. Overley, secretary. The code authorty affairs have been administered, since it was formed several months ago, in the Better Business Bureau offices. EDUCATOR ™ SPEAK William Bosse Lectures Before Sahara- Grotto. William Bosse, director of educational reference in the state superintendent of instruction’s office, will speak to members -of the Sahara Grotto luncheon club today at the Grotto home. His subject will be “The Cost and Entrenchment of Education.”

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OFFERS BILL TO CONTROL GOODS MADEINPRISON Sponsor Says U. S. Measure Would End Competition With Industry. By Scripps-Hoicard Setespaper Alliance WASHINGTON, Feb. 9.—The problem of providing useful employment for 11.000 inmates of federal prisons and reformatories will come before congress shortly when it considers a bill introduced by Representative M. C. Tarver (Dem., Ga.K The Tarver bill proposes establishment of a prison industrial board of five members which would draft a program and supervise installation of prison factories with a view to minimizing their competition with private industry. The measure reopens an issue threshed out in 1930, w'hen congress passed the prison industries act and created a revolving fund for establising penal factories. Under this act the installation of factories is in charge of the bureau of prisons. Bill Favorably Reported Representative Tarver's bill has been reported favorably by the house judiciary committee and leaders have consented to its early consideration. It would authorize the President to create a board of one representative of labor, one of manufacturers, one of agriculture, one of vocational education and one for the general public interest. Appointments would be for five-year terms and the attorney-general and budget director would be ex-officio members. The prison labor issue was brought to fore recently when the house adopted an amendment to the fourdepartment appropriation bill forbidding use of the prison industries fund for purchasing machinery for the manufacture of metal furniture in the new Lewisburg (Pa.) penitentiary. The amendment, introduced by Representative John G. Cooper (Dem., O.), block a plan of the bureau of prisons to buy approximately $50,000 worth of machinery for making metal office equipment to be used by the government. Act Failed to Function Operation of the 1930 act has failed to accomplish congress’ desire for diversification of prison industries, Representative Tarver declared. “Instead,” he said, “the bureau of prisons continues to add to the burden of two or three industries in which it is already engaged.” One purpose of the bill, he added, will be to cut down production of the duck cloth mill at the Atlanta prison. This, he declared, now produces 38 per cent of the amount

Bandits Take 2 Women for Wild Ride in Taxi

‘Obliging' Cab Thieves Let Fares Out When They Object to Speed. Asa taxicab rattled through dark alleys last night at a high rate of speed, two women passengers grew nervous and impatient at such unconventional manuevering. The passengers. Mrs. Blanche McGuire and Miss Caroline Thompson. 1409 North Pennsylvania street, slid from side to side of the rear seat, eyeing the two chaffeurs irately. Punching the driver angrily, Mrs. McGuire cried above the din made by clattering through the alley, “My man, what is the idea of driving so recklessly, and through an alley, at that?” Miss Thompson nodded sympaof wide duck produced by free labor in the entire country. Creation of the proposed board, according to Representative larver, would eliminate the protests which always come from members of congress when the bureau of prisons undertakes to diversify its industry. ‘‘Whenever the bureau attempts to carry out the purposes of the act so that the burden will be scattered among all industries, diligent representatives rise and propose amendments which will prevent the bureau from going into the field of industries wdiich are prominent in their districts,” he said. “The result is that there can be no diversification.” The Cooper amendment was adopted by the house after its author had declared that metal furniture manufacture is a highly specialized industry, requiring about 80 per cent machine labor. The revolving industries fund now amounts to about $542,000. The Cooper amendment was attached to the last appropriation bill and up to now' no industry has been installed in the Lewisburg prison, which houses about 1,100 men. The Tarver bill has the support of Prison Director Sanford Bates and Attorney-General Homer S. C jmmings, its author says. Flush Poisons From Kidneys and Slop , Getting Up Nights When you can get for 35 cents a supremely efficient stimulant and diuretic that will flush from your kidneys the waste matter, poisons and acid that are now doing you harm, why continue to break your restful sleep by getting up thru the night. Just ask your druggist for Gold Medal Haarlem Oil Capsules—but be sure and get GOLD MEDAL, right from Haarlem in Holland, which is also successfully used to drive excess uric acid _ from the body—the aggravation of sciatica, neuritis, lumbago and rheumatic pains. —Advertisement.

| thetically as the car continued on its devious route. The driver asked belligerently, “You don't like it, eh?” The passengers confirmed his suspicions. "Well,” the driver commanded, j “get out. We are bandits, anyi how.” The cab bounced to a stop at Fourteenth and Alabama streets, j The two pseudo-drivers jumped out | and ran, followed closely by the passengers, who also ran, but in another direction. The women explained to police that they had hailed the taxicab in front, of the Central M. E. ; church. Twelfth street and Central j avenue, together with Mrs. KathI erine Meyer. 1463 Central avenue. Courteously the cab stopped, took Mrs. Meyer home. Then the fun began. Police found that the taxicab had been stolen from Jesse Jones, 32, of 3655 West Michigan street. He had been held up by two male passengers whom he had picked up | at the Illinois entrance to the traction terminal station and robbed cf | $2 at a lonely spot on East Thirtieth street, en route to Ft. Benjamin Harrison.

An Arbitrary Price to Match the Year 1934 SALE" Entire Stock of Men s READY-FOR-WEAR SUITS TOPCOATS, O'COATS All One Price MADE TO SELL "£li I UP TO $45 Many Below Actual All the ready-for-service gar- Mm. Yp| m^nts our UrKAH IS m TAILORING CO. | I Second Floor, Kahn Bldg. 1 \ \ Meridian at Washington |j|| \

Notice of Public Sale Fri. and Sat., Feb. 23rd and 24th, 1934 We will offer for sale the following collateral which was pledged as security for amount loaned plus charges. Watch for our large announcement in The Times, Thursday, Feb. 22. No. 1035 Gent’s Diamond Ring. 1 57-100 ct Loan 5300.00 No. 1037 Gent’s Diamond Ring, 1 45-100 ct Loan SIOO.OO No. 937 Lady’s Diamond Ring. Ict Loan 5200.00 No. 500 Lady’s Diamond Ring Loan $125.00 No. 1023 Gent’s Diamond Ring Loan S 90.00 No. 1008 Lady’s Diamond Ring Loan $150.00 No. 1009 Lady’s Diamond Ring Loan SIIO.OO No. 40 Lady’s Diamond Ring Loan S 65.00 No. 1024 Lady’s Diamond Ring Loan SIIO.OO No. 45 Lady’s Diamond Ring Loan S 60.00 No. 1025 Lady’s Diamond Ring Loan $150.00 No. 297 Gent’s Diamond Ring Loan S 20.00 No. 221 Lady’s Twin Diamond Ring Loan S 25.00 No. 157 Gent’s Diamond Ring Loan $ 20.00 No. 917 Lady’s Diamond Ring Loan S 15.00 No. 811 Lady’s Diamond Ring Loan $ 10.00 No. 817 Lady’s Diamond Ring Loan $ 5.00 No. 702 Lady’s Twin Diamond Ring Loan $ 20.00 No. 592 Eagle Lodge Ring with Diamond Loan S 8.00 No. 691 Lady’s Cluster Diamond Loan S 20.00 No. 987 E Flat Alto Saxophone Loan S 10.00 No. 1686 Very Old Violin Loan $ 8.00 No. 1476 Guitar, Spanish style Loan $ 2.50 No. 1453 Electric Clock Loan $ 1.00 No. 2869 C Melody Saxophone Loan S 5.00 Lincoln Jewelry and Loan Cos. S. W. Cor. Washington St. and Capitol Ave. Inspect our stock of unredeemed Diamonds, Watches, Jewelry, Shotguns, Sporting Goods and Musical Instruments.

JFEB. 9, 1934

STATE ORDERS FISH STOCKED IN MANY LAKES Good Fishing for This Summer Assured by Action. Fishing will be good in Indiana ; streams and lakes this summer beI cause the state conservation deI partment is going to see to it that | lakes are plentifully stocked, aci cording to Virgil M. Simmons, deI partment head. In addition to those reared in the state hatcheries, the department will purchase fingerling fish from the various sportsmen’s clubs of the state, which nave them for sale. A survey now is being made to see where such stock is needed, he | explained. Twelve artificial lakes constructed ! by the department in southern In- ! diana will be among those ,to be i stocked with fish. Frank N. Wallace. state entomologist, is studying | plant life which will also be propa- ; gated on the shores and beds of these lakes. Mr. Simmons said.