Indianapolis Times, Volume 46, Number 84, Indianapolis, Marion County, 17 August 1934 — Page 26

PAGE 26

BANKING POLICY OF NEW DEAL SWINGS 'RIGHT' Appointment of Black Seen As Definite Move Against Inflation. JTif Krripp-11*wmr4 A lHtnci WASHINGTON, Aug. 17.—Roosevelt administration financial policy look a decidedly conservative trend today. It appeared to be swinging against Inflation. This was the interpretation placed i. t attempt of the ad-min:.'-ration to enlist bankers behind the rtovery program through the : i:. • t.e R. Black, retiring Governor of the Federal Reserve B< trd. who had been delegated by Pr*...rient Roof- velt to act as liaison ofiicr between the administration and financial institutions. Mr. Black will assure the banks that administration financial policy is to be conservative, it wasjearned authoritatively. His ta*k will be to acquaint bankers with the purposes and aims of the administration and to keep the administration advised of the problems of the bankers —to the end that the bankers will up their purse-strings and furnish needed capital to stimulate the capital goods industries. The banks have been 'hesitating." is the way administration officials prefer to put it. Beyond the administration's evident attempt to court favor with the banks there have been several sign, of a more conservative turn in financial policy. The administration privately has sought for several days to remove any real inflationary complexion from its recent nationalization of silver. The re ason Is obvious. Not only is banking support needed to revive the capital goods industries — among other agencies, through the boasing corporation—but the government needs the help of the bankers in its refinancing. Large bond issues are imminent to finance the recovery program. BOY, 57L0SES LIFE IN -RIVER OF DEATH' Flood Waters of Ohio Styx Claim Youngster at Play. By I nit. 4 I’rms RITTMAN. O. Aug. 17.—The River Styx near here had lived up to its name as a "river of death" today. Five-year-old George Millich toppled into the swollen waters of the creek while playing on a small foot bridge. The stream claimed the boy’s body and held it. despite efforts of searchers working with hooks and nets.

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ROMANTIC!

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Romance never will die for Carol Scott, stage and film actress. shown above in Los Angeles court, after her divorce from Alfred McDonald, screen director. “Os course I'll marry again,” she declared. "I’d hate to think I'd never find romance again.” SLAYER SUSPECT HELD BY TEXAS OFFICIALS Captured Through His Purchase of Detective Magazine. Hy United /’mi NEW YORK. Aug. 17.—Arthur C. Wilson, alias Robert Jones, charged with the murder of Mrs. Irene Debolt of Cleveland, in the desert near Van Horn, Tex., arrived in custody today on the steamer Pan-America from Trinidad. Wilson was picked up through a picture printed in a detective story magazine which, ironically enough, he himself bought. Another member of the crew of the Lady Nelson of the Canadian National line, on which Wilson served as steward, read the book and notified Texas officials.

G. S. KELLER Successor to , t*. i v /OPTICAL mJ.S DEPT. 32 N. Penn. St. ti i ;TUn JIFH ■liTTHdl

AIR RACE CRASH IS NEWSREEL'S SCOOP FEATURE

Rooseveit Addressing Folk at Green Bay Is Also Pictured. The startling crackup of an airrace winner in which the pilot emerges uninjured, is seen in the current Issue of The Times-Univer-sal Newsreel. The machine, a contender in the Eppley trophy race at Omaha. Neb., bounces over rough ground as the airman attempts to land, drops its nose.and then does a half-cart-wheel on the tip of its tail, falling back to earth a mass of wreckage. Other important events seen in the reel are President Roosevelt addressing huge crowds at Green Bay, Wis., and his return to Washington after his 15;O30-mile trip; the struggle of firemen to qiench a B ll,im, With Cool Air Con(lltloninr Wl H 2050 E. Michigan St.

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; THE INDIANAPOLIS TIMES

blaze menacing the entire community of Liberty. Mo.; views of West Pointers taking a lesson in the use of coast defense anti-aircraft guns j at Fort Monroe. Va.; and the havoc following a cloudburst and flood in Bear Creek canyon. Colorado. \j WALTER IS CANDIDATE Zahnd Not Nominated. National Party Informs The Times. The Times has been asked to correct an error made by the National party in announcing its state ticket. Francis X. Walter. Indianapolis, is the candidate for United States senator instead of John Zahnd. Indian- ; apolis, the national chairman.

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‘ ' In Our August Sale! $95 MOHAIR LIVING ROOM SUITES J ““J ”l"j ’r‘^' of colors. A suite of excellent quality and workmanship. Hirschman Inner-Spring MAT T R E S S COIL SPRING _ Both s”| O 75 a A Mattress of Hirschman P $1 Quality with soft coil springs OPEN TONIGHT 7 to 9:30 USE^^^S TheyTl soon be here ... those glorious Indian * Summer days ... clear, cool, with air as tangy and exhilarating as old wine. Perfect days for week-end motor trips ... fishing, hunting, picnicking, vacationing, football. Get a good Used Car... and really enjoy yourself this Autumn. Where shall you look for one? The easy way is to shop Times Want Ads FIRST. Turn there now ... and see for yourself how little it takes to buy a good Used Car today. Today . . . and Every Day ... Check the Offerings in . . . TIMES WANT ADS

AUG. 17, 1931