Indianapolis Times, Volume 45, Number 252, Indianapolis, Marion County, 1 March 1934 — Page 10

PAGE 10

J. W, FESLER IS HONORED BY FUND SOCIETY City Attorney Lauded at Annual Dinner of Directors’ Board. Selection of James W. Fesler, Indianapolis attorney, as the 1934 honorary member of he Community Fund was the highlight last nigh! of a meeting of directors and members in the Riley room of the Claypool. Three hundred persons attended the meeting. Hugh McK Landon, past president of the fund, announced the selection of Mr Fesler and discussed the work of the organization during the last year. Mr. Fesler is a member of the law firm of Fesler. Elam Young and Fauvre, and has been president of the board of trustees of the Indiana university since 1919. Necessity for placing all relief work on a scientific and businesslike basis was stressed by Owen R. Love joy. .ccretary of the New York Children's Aid Society. Harold B. West, president of the West Baking Company, was named a member of th" fund’s board of directors at the meeting. D-rectors re-elected, whose terms had expired, were C. C. Winegardner, Fred Hoke, Nicholas H. Noyes, Edward A. Kahn. William A Hacker, Z. W. Leach. Guy A. WainwTight, J. J. Fitzgerald, Mrs. Brandt C. Downey and Samuel Mueller.

• SKY &. HARBOR >\l .. I’on pit*—9:3ll to 2 "I N 30r toiil lp— 9 to 12:30 till l!> , ?• Couple—9 to 12:30 O w f. , \ soiitli Mnnic ip;i| Airport

ROGERS jo.: 11 APOLLO* ut/rtL r.M. eV£NIM6s

• • • • a NEW _ MUSICAL LOVE producers of •DANCING LADY!” C 1 1 1® 0(11}! Spicy.' Tuneful! <^\v Friday: Jerome Kern’s Glorious M\\ Success that ran 2 years on Broadway! ////'• / iMOVARROMyp V*'* MCDONALD Lsk \ 111 l n *M etro ’ s lChampagne*Cocktail! //// l * ntil ° v 1 % Cat And I LAUREL & HARDY 111 l TWm** ttl II //// Hilarious Funfest lilr r/Wlr “OLIVER the EIGHTHIIII />a FRANK MORGAN*Chas. BUTTERWORTH //// LAST TIMES TODAY 111 l Vivienne SEGAL' Joseph CAWTHORN - Jean HERSHOLT //// CONSTANCE BENNETT 111 l An Americingirl...Springtime Ptri,.., "MOULIN ROUGE” love chat .will set your, hean singing! 111 l -~-~-4| Ht*r"Sl* DUm/uj Sifbi Tm fU+ Hr L*W aaaaaasa^gl

Method of Reciprocal Trade Leads to Peace Provides for No Sales Without Giving Buyers Opportunity to Make Payments on Bill.

Thi* in th* tenth of a series of articles written for the Foreim Policy Association and the World Peace Foundation. BY HENRY A. WALLACE Serretary of Agriculture WAR OR PEACE? NO sane and conscientious man will count lightly the risk of another great war. nor fail to do all in his power by every means possible to lessen that tragic risk. Straight, cool-headed thinking about the sort of economic warfare which is followed by Actual warfare was never more needed than now. This time, it would seem, it is nationalist pressure that is heading us toward the abyss. The last time, it was supposed to be international pressures, expressed in dreams and deeds of imperialism, intricately bound up with foreign loans.

It comes to this: If we insist upon selling without buying, we have to lend our surplus to foreign countries, and never take it back. It stays abroad. But we think we still own it, and that makes us figure out w r ays and means of keeping the investment safe. We must have some security that transcends the good faith of the borrower. There is no surer path to war. The method of reciprocal trade, on the other hand, leads to peace. It makes no sales without providing opportunities for the buyers to pay the bills. Since the bill does not remain outstanding indefinitely, and does not have to be collected at the point of a gun, it makes new business easy to get and profitable. a a a GERMANY in 1914 W’as bursting with manufactured goods, and with potential productive capacity. It had a so-callea unfavorable balance of trade, the result of its foreign investments. Idle capital accumulated within the country, and the reichsbank as well as private citizens invested in British and French securities. There w r as an uproar. Critics declared the invefAment of German money in foreign bonds meant strengthening the

country’s potential enemies. As an alternative, they advocated colonial expansion. If Germany had been ready to buy more as well as to sell more goods broad, the need to send away a large portion of the national surplus permanently would not have vexed it. Its additional exports would have been paid for in additional imports, and the account would have been balanced. True the reciprocal payments in kind would have been difficult to engineer. They would have involved some redistribution of the national income, because under the existing distribution the domestic market could not have absorbed a large additional volume of commodities. The redistribution might have brought complaint from the privileged, but it would probably have obviated greater evils. Never did a country more wildly drop the substance for the shadow. nun CREDITOR countries under normal conditions tend to have ‘'unfavorable” balances of trade. Before the war Great Britain, France, Germany, the Netherlands and Switzerland had unfavorable balances. They were rich creditor countries, with capital invested all over the world. This capital returned payments to them in goods—payments of interest and principal. It was an important factor in giving them an excess of imports over exports. Orthodox economic theory holds that an unfavorable trade balance, when it comes from payments on successful foreign investments, should not hurt a country. Paradoxically, however, all countries in that position try to escape from it as soon as they can. They strive to offset the rising flood of imports with a rising flood of exports. Germany before the war had an import balance, and also increasing domestic production. It had more goods than its own people could buy. and needed a continually growdng export market as a safety-valve. It seemed that the only way to keep it3 factory wheels turning was to restore the export market. The wealth it could not consume at home had necessarily to be transformed into capital for export; and Germany’s natural desire to put that capital w r here it would be safe expxains much recent history. Germany was not alone in cherishing the desire to sell without receiving payment immediately, to export as much as possible and import as little as possible, to lend and seek reimbursement in world power rather than in goods. The nations with whom it fought, including the United States, wore possessed of the some illusion that it is possible endlessly to sell without buying. Where they accepted unfavorable balances of trade they did so unwillingly, and did everything possible to get out of it. Most nations still cherish the illusion that wealth comes from selling wthout buying; and the notion can do us as much harm in the future as it has in the past. ana A NEIGHBORHOOD of trade —with actual goods exchanged, not goods for promises to be collected on later at any cost—here, admittedly is a situation far from present realities; but it is worth considering. In our pioneer neighborhoods the idea worked. And the civilized world as a whole today is still, by any measure you choose to apply, in a pioneer or primitive condition, or worse. In all civilized lands today we stand appalled by the tragic nonsense of misery and want in the midst of tremendous world stocks of essential goods. Science has given us control over nature far beyond the wildest imaginings of

THE INDIANAPOLIS TIMES

GLASS TO GIVE. THREE PLAYS Jordan Conservatory Group Will Appear on Odeon Stage. Asa part of their regular laboratory work, members of the playacting class of the Arthur Jordan Conservatory of Music will present three student productions at 8:15 tomorrow in the Odeon, it is announced by Miss Frances Beik, class instructor. The plays will be open to the public. "Father Tries a Hand.” “Peter’s Chair on the Boulevard” and “Mothers Are Young” are the titles j of the productions to be given. Miss Beik is acting as director. Members of the cast will be Carroll Reynolds, Fairetta DeVault, Ted Pruyn. Dorothea Craft. Helen Ashby, Lola Ruth Beck, who will take part in "Father Tries a Hand;” ! ! Mary Elia Pock, Alma Meyer, Helen Lloyd and Helen Myers, who have | been cast in “Peter's Chair on the Boulevard,” and Mary Frances Johnson, Mary Rentz, Harry Pock Jr. and Miss Pock, w f ho will enact ] “Mothers Are Young.” Members of the class prepare all j costumes, sets and make-up for the productions which they present. Only members of the group are eligible to take part in the plays w r hich provide practical experience to the | student who wishes to become a professional actor, director or teacher of dramatics.

ROBBERS RELIEVE DRY GOODS STORE OF $295 IN STOCK

Any one opening a new r dry goods store in the next few days will arouse suspicion of city police. Last night burglars made a “cleaning” at the dry goods store operated by J. E. Spillman, at 3811 East Michigan street. The loot included seven dozen washrags, four pairs of blankets, six dozen pairs of men’s silk hose, six dozen ladies’ dressses, two dozen leather belts, several dozen pairs ladies’ hose, draperies, eight bolts of dress goods, eight dozen pairs of rayon underwear and five dozen shirts. Estimated value of the stolen articles was given as $295. our grandfathers. But unfortunately those attitudes, religious and economic, which produced such keen scientists and aggressive business men the civilized world over, make it impossible for us to live with the balanced abundance which is now ours as soon as we are willing to accept it with clean, understanding hearts. I am deeply concerned in this because I know that the social machines set up by this new American administration will break down unless they are inspired by men who in their hearts catch a larger vision than the hard-driving profit motives of the past. Our people on the street and on the soil must change their attitude concerning the nature of man and the nature of human society. They must develop the capacity to envision a co-opera-tive objective and be willing to pay the price to attain it. They must have the intelligence and the will power to turn down simple solutions appealing to the short-time selfish motives of a particular class. TOMORROW: Freeing Men From Fear.

|, ;; GEORGE RAFT • CAROLE LOMBARD * SALLY RAND in “BOLERO” | "Positively swell! This is ore ' picture you simply car not | IP 1 afford to miss! Don't let anything keep you. away!” Says I Si; v Modern Screen Magazine! when you see this JKbBHS|F \ iff ' :z£mF J JMpff; fray, human, down- Jm, to-earth story of an ' |§F heiress who rebelled /If jff W jß^rap at family restraint Jj M JraSßE^...took to the open ~> || Jg£BH ; - road and engaged i M J rYm" r ff in one hilarious ad- Hm, ■ w I venture after an- eA r other! \ Conic Early! in I I

I ANNOUNCES CANDIDACY FOR COUNTY POSITION John Newhouse Seeks Democratic Commissioner Nomination. Candidacy of John Newhouse, ' county council vice-president, for ! Democratic nomination for First dis:r,ct county commissioner, subject to the May primary, was announced today. The post now is held by John S. Mann who was appointed several weeks ago to fill the vacancy reI suiting from the death of Thomas H. Ellis. Bern in Lawrence county. Mr.

AMUSEMENTS ti-u miflSIREt SHOLU 8 ' ****isjl HUSDICES ~ 1 Ancient Accepted Scottish Rite MURAT THEATER jt Ok Evening MaTCll 2 311(1 3 •Prices —$1,75 c, 50c Paid • Reserved Admission tickets can be exchanged for Reserve Seats at the Murat Theater Box Office. Box Office open 12:00 to 5:00 P. M. daily. TICKETS CAN BE OBTAINED AT THE BOX OFFICE

TH6- =S=z OLOWPS GO 1 •^STfIRTS^oiIORROwf^ 20c YS Y-j •Nvntil ip. m. li A REPEAL REVUE! *||? I “POP” CAMERONs L ■ AND THE FOUR CAMERONS 1 THE LEE GAILS 11*. M SENSATIONAL DANCERS • :::|? I % i;fi DOLLY BELL I BOBBY BIXLEY md f* Dance Acrobatics I Leg-O-Mania \ . iifi HELEN HONAN HfffffM IMPRESSIONS ffljr v\ fit BETH MILLER \ BLUES SINGER JF± P 7^3^ A v \SHAKERS ■A L THE BIG LAUGH SHOW jl EVERETT HORTON TPinPr EDNA MAY OLIVER wUri ipok BLICH 'M l|k THELMA TODD, LEILA HYAMS _ J :| DEVIHE, 6RAHT MITCHELL I

| Newhouse has been a life-long resident of the county. He is president of Newhouse & Cos.. Cumberland hardware and implement dealers, and w s named to the county council. h’s first public office, in 1932. A former Warren township Domo:cratic chairman, he has been active :n Democratic politics many years. Device Scares Gulls. ! fi.v rnitrd Prruß CHILMARK. Mass., March I. Joseph D. Tilton Jr. has invented a ! “scaregull,” to check the depreda- ! tions of seagulls that have been eat- ; ing starfish spread over the Tilton ! lawn for fertilizer.

DEMANDS 25 CENTS FOR SWEEPING SNOW Police Impersonator Threatens Householder With Arrest. Anew racket was reported to police last night by Floyd E. Becker, 1358 North Kealing avenue. Mr. Mr Becker said that a man came

MOTION PICTURES Last Times Today of This Great Double Feature Show! VICTOR McLAGLEN “SEARCH for BEAUTY’’ EDMUND LOWE m “ Tnt ' CRABBE . IDA In Paninl-aiucl, Kit 1,1 PINO, ROBT. ARMSTRONG. “XO MORE WOMES ” james gleason

IMSI AM A TOMORROW AT II A.M.! ™ WASHINGTON JUST WIST O* Itl INOIS

HELLO. EVERYBODY! BE ON HAND | EARLY TOMORROW! YOU'LL ENJOY StEEN TREAT! % A# •mM*.%; *'**;** *® PK. milium * \ ON SCREEN Widows” and "Convention |' /'"‘“'S. H ff W City” are at it again! . . and JOAN BLONDELL 5k OShk GLENDA FARRELL PAT O’BRIEN fin SEATS! 1 ALLEN JENKINS I 11A.M.to 1 P.M. 2 * GENE PALLETTE l ■ Uv I'VE j/U(i lezscj 3 s i i'.'Tqc BfSHL v ll* A joy-jammed, rip- After fi ■“ * W rollicking jamboree Kiddies. 10c ■ Jfir 0 f langrlas! mm-

V. 7 ,i5! T: e NTAT IO NS. ii tl\ EI&MftORHOOt) THEATERf : ;f

NORTH SIDE ,rnn Illinois at 34th II I I / Double Feature *•*■•l ■*■ *-* James Cagney ‘ MAYOR OF HEI.L” “A SHRIEK IN THE NIGHT” m a v fs Talbot & 32nd TALBOTT “7K;,*•„■•;'• "HOOPLA" “KING FOR A NIGHT” „ . 1 r ■, 19th and College Stratford ESSf/SK; "THEY CALL IT SIN” “SHOULD A WOMAN TELI.” a •s /-* a Noble it Ms^i* MECCA °N oe 1 * FMinels * “REFORM GIRL” “POLICE CALL” GARRICK S~ TAKE A CHANCE” “WORST WOMAN IN PARIS Qr.y 30th & Northwestern Ke>A Miriam Hopkins “DESIGN FOR LIVING” • nm/\ii r\T 42nd at College uptown ** , j-"rs:;'rr “LITTLE WOMEN” _ n m f evn St. Clair, Ft. Wayne CT LI AIR DSuble Feature Oil VJlvi Il\ Peggy Shannon “BACK PAGE” "BOMBAY MAIL” DREAM TaST^r* “DUCK SOUP’ rj A Double Feature iiAlvllVu Jack Pearl “MEET THE BARON ' “GOODBYE AGAIN ’ EAST SIDE STRAND Sis F^ekJ x xvx Gloria Stuart “INVISIBLE MAN” “BROADWAY THRU A KEYHOLE” t rr\l v Dearborn at 10th KIVIIIJ Double Feature IVA ’ V/A-/I Miriam Hopkint “DESIGN FOR LIVING” “GOLDEN HARVEST” IRVING liv y All VI Warner Baxter "PADDY THE NEXT BEST THING” HAMILTON 2 Mae E w>r “I’M NO ANGIi.” TAPOMA 2442 E. Wash. St. A t\\J V/Itlt\ Irene Dunn “ANN VICKERS’’ n a New Jer. at E. Wath. Paramount Jo c^rk Cr sK; d “DANCING LADY”

AMUSEMENTS OLD f r Av'oalT€7 , ™ — GEO.-HILL JACK. EOLEV ¥ A EVfIYNNE COR.Dft.Ay. J&LADVS WILSON | ■ ■ Tl ♦♦* AMD MANY MCW fTAftf ** I ■ * i folks: this is truly a real now biggest aho k | i MOST ENTERTAINMENT INTHt CITY FORTH* MONEY I. JACK KAW OQ^M

MARCH 1, 1934

1 to his door demanding 25 cents for cleaning his sidewalks and threatening arrest if the sidewalk w r as not swept clear of snow. The man represented himself as an agent of the police department. Police searched the neighborhood, but ”.err unable to find the man. *;ho I claimed to have a corner on the 1 snow-sidewalk market.

EAST SIDE ft at j 1500 Roosevel’ Hollywood “*• “IF I WERE FREE” "LONE COWBOY” EMERSON LdULiituvn Katharine Hepburn “LITTLE WOMEN” “SON OF A SAILOR” TUXEDO 4020 E. New York ‘‘GOOD COMPANIONS” n A nr/TlTt 8830 L. 10th St. PARKER Double Feature A vvi „ Ro( , ers “DR. BULL” “BETWEEN FIGHTING MEN” SOUTH SIDE ORIENTAL V " fXVXXj ' il lnly Wm. Powell “PRIVATE DETECTIVE 62” “EVER IN MY HEART” SANDERS rr =; Ulliwaiivo Spencer Tracy “MAD GAME” ' SHADOWS OF SING RING” FOUNTAIN SQUARE Double Feature Cha*. Haggle* “GOODBYE LOVE” "VOLTAIRE” GRANADA Double Feature Norman Foster “ORIENT EXPRESS” “ARIZONA NIGHTS" Roosevelt 1429 8. Meridian SPECIAL ADDED ATTRACTION y Air A I r\\ t 2118 Prospect AVALON Family Nite ittiujvit Gloria Stuart “INVISIBLE MAN” T TTA.T /”t /~\T L E**t • Lincoln LIN COLIN “ feature “BROADWAY TO HOLLYWOOD” “THREE CORNERED MOON” GARFIELD “ONE MAN’S JOURNEY’* WEST SIDE npi kt/W'T W. Wash, art Belmont BELMON I Double Feature uiaiiiiix/iix j oe E Brown “SON OF A SAILOR" “GOING HOLLYWOOD” in 4 inir 25 40 W Mich. IJAISY Double Feature L/niiJ I Alice Br>dy “SHOULD LADIES BEHAVE” ‘CAPTURED” om A Ept 1 2702 W. loth Bt. O Ait A X-J Irene Dunne "ANN VICKI KARCADE im " *“•”'* SPECIAL ADDED ATTRACTION