Indianapolis Times, Volume 46, Number 71, Indianapolis, Marion County, 2 August 1934 — Page 11

AUG. 2, 1934_

ANOTHER MR SURE TO LEAVE FINANCIAL RUIN European Conflict Would Not Bring Prosperity to Anybody. BY '4 Rirps lIOW %RD FOREIGN EDITOR WASHINGTON Aug 2 Anew onlv ajtpr American tv*onlc * O nd tonl of money to the belll*tar" gold in the world a? that time. What Prosperity? began *o purcha '' Aniornan goods. Tha* m to sav, they borrowed SSO the nmc larmer the iame SSO bark lor a bale ol cotton. Naturally, business boomed. Prices soared. Wheat and other foodstuffs, cotton, chemicals, copper, steel and war supplies generally went like hot cakes. Factories worked night and day. Wages were at a premium. B it it was the American people—rot Europe—who were footing the bill. The wealth they were creating thev shipped abroad. None of it remained in this country. It did not ev/*n remain in Europe. it was burned up, destroyed on the battle fields. When the United States presented the bill after the war, Europe reto pnv. Europe owes the people of the United States upward of SIS.000noo000. two-third of which went to finance her war. Most of this is now in total default. It never will be pmd. Some hope exists that perhaps 10 cents on the dollar may be collected eventually, but even that l& doubtful. Answer: A Horse Laugh Tn fart. Europe has been morp carrful to rxplam ho'.v and why the debts are impossible of payment. Imagine then, under the circumstances, coming over here and say- ‘ Kind people, we’ve got another far on. We need another ten billion dollars. Os course, payment of surh a huge sum can't be made across the exchange. But let us have it anyway. That's a good felThis means the American people, very decidedly, are not going to finance another European war soon. If asked to do so their reply, in the vernacular, would be a horse laugh. But, no loans, no credits. No credits, no American purchase. This does not mean, unfortunately. that Europe and the world are in for a long period of peace because of universal bankruptcy. They Don't Need Help France was bankrupt in 1790. but Napoleon, at the head of a ragamuffin. hungry army, waged perpetual war for fifteen ypars and wound up with all Europe chained |o his chariot. A soldier is just as dead if run through with a $1.35 bavonet as he would be if blown up by a $5,000 bomb dropped from a $50,000 plane. A few hundred dollars worth of gas Should war oreak out over Austria. \v*th Germany on one side and Italy, backed by Czechoslovakia. France and England on the other. Europe could ptoduee a first-class blood-letting without much help Irom outside. The stock market furnished the tip-off as to what American leaders think of anew war boom in this country. Instead of rising on receipt of ten ominous news from Vienna and the other European capitals. Quotations took their most sensational nose-dive of the year. Anew European war any time soon stands to hurt this country in a dollars and cents way. rather than “I Suffered 10 Years With Itching Eczema” pf dollars to clear it up. I tried Zemo and got relief.” writes G. C. G. of Texas. Soothing and cooling. Zemo relieves itching in five seconds because of its rare ingredients not used in other remedtes. Also won- % druggists Me, me, #l.— Ad-

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JUDGE ADMITS INTEMPERANCE COURT CLAIMS California Jurist Dropped From Case; May Seek Drinking Cure. Jty r mfed I’rt •• LOS ANGELES. Aug. 2.—Superior Judge Ruben Schmidt presided today over the sanity trial of Louis Rude Payne, convicted killer of his mother and brother, after Judge Harry F. Sewell had been removed from the case for failure again to appear in court. Payne’s hearing, interrupted by 1 judicial jabs between Judge Sewell iand presiding Judge Frank C Col- ! her, belatedly resumed session late i yesterday after Judge Collier had i filed an affidavit purporting to bear ! the signature of Judge Sewell in j which the latter admitted he was I an intemperate user of intoxicants I and was desirous of being committed | to a home for treatment. Judge Fletcher Bowron, head of j the criminal division of superior 'court, named Judge Schmidt to re- , place Judge Sewell "for good and ' sufficient reasons.” The intoxication affidavit alleged I to have been signed by Judge Sewell was dated April 3. Judge Colj lier said the jurist had given him ! the document, hoping the knowledge it was in Judge Collier's possession would improve Judge Se- ! well's future conduct. Sewell could not be reached for comment.

THE INDIANAPOLIS TIMES

Indianapolis Tomorrow

Reserve O ffl ce r s Association, j luncheon. Board of Trade. Harvard Club, luncheon. Lincoln, j Optimist Club, luncheon. Colum- j bia Club. Exchange Club, luncheon, Washington. Sahara Grotto, luncheon, Grotto Club. Delta Tau Delta, luncheon. Columbia Club Phi Delta Theta, luncheon, Columbia Club. 300 ATTEND_ OUTING Annual Express Company Affair Draws Crowd. More than three hundred Railway Express Company employes and their families attended the company's annual picnic in its station at 302 South Illinois street last night. J. C. Graebing, general superintendent; H. B. Calkin, former general agent, and J. C. Hobson, superintendent of terminal service, were included among official guests.

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3 CONVICTED IN TORTURE CASE GET2SJEARS Chicago Hijackers Trapped by Victim's Mother in Kidnaping. H;i l nilrit Pm i, CHICAGO. Aug. 2.—Three admitted hijackers today faced twentyyear prison sentences for the kidnaping and torture of Harry Welch, wealthy Toledo clothier. The three were found guilty and sentenced last night. A fourth defendant was acquitted. A criminal court jury took three hours to convict Rudolph Pisani, Harry Sway and Allen Siegal,' but refused to accede to the state's de-

mand few the death penalty. Edward Greenspahn was acquitted. Judge Donald McKinky overruled a motion for anew trial but granted a thirty-day stay of execution for an appeal. Mr. Welch testified that Pisani attempted to extort $3,000 ransom by searing his feet with a red hot hammer He said he w-as lured to a trap by an offer of the kidnapers to sell him a stock of clothing at reduced prices. When he came to Chicago he was led to a saloon and overpowered. The kidnapers were captured through the quick-witted action of his mother, who detected a false note when he telephoned her under compulsion for $3,000. She notified Chicago police, who captured two of the kidnapers waiting for delivery of the money. Others were arrested when Welch, taken to a restaurant, revealed his plight to a waitress, who called police. The defendants admitted they tortured Mr. Welch, but contended that they sought payment of an old debt.

CONTINUED GAINS BY QUINTUPLETS REPORTED Yvonne Now Weighs More Than 5 Pounds. Doctor Reveals. By I mtrrt pr f „ CALLANDER. On!.. Aug 2. Continued gams on the part of all

raHrai Friday Clean-Sweep Values 5i ,e: Orange and *I'A COATSdffl FruAlices 7,9 • Linen and ' n‘ mr CH Dr. West's sg a Dre sses *B Toothpaste 1U C • Prints HI Ml1 _ n I, m m cosmetics w Friday Only |jg9 • # # f £ ’naapn • f urn I’ow |pr.. . . c • T til < iiin I* $$H p r 300 s r<*rfnnip • \Mrln K ,n, • r,„h.. HATS - 11 Th :-v H 200 Pr. Ladies’ Second Floor TOILET SOAPS SHOES • Renat? ( ream H| C Odds and ends. Soiled, broken • rahri s" r '* sizes. While they last. GARS *jf _ JLv * MEN'S A , ’ i,n '' l bibless Curtains TOe OVERALLS x,:::"; * , Ham and Egg M iai. Skillets Jf c itl. Siick-on-Soles Aat, sIH i ... VJ W W | J c

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I the Dionne quintuplets were reported today. Their weights foilow: Yvonne—S lbs.. 4\ cxinces. Annette—4 lbs.. 6\ ounce*. Cecile—4 lbs. 3 ounces. , Emilie—3 lbs.. 11' ( ounce*. Marie—3 ibs., 9'* ounces.