Indianapolis Times, Volume 46, Number 110, Indianapolis, Marion County, 17 September 1934 — Page 3

SEPT. 17, 1934.

WIDE INTEREST IS SHOWN IN ANGAS’ BOOK; CITIZENS EXPRESS VARYING OPINIONS Gavin Payne, Republican, Disagrees With British Economist, While Others Throw Their Support to Writer’s Theories. Indianapolis residents of varying political beliefs and shades of liberalism and conservatism today united in praising as highly interesting Major Lawrence L. B. Angas’ “The Coming American Boom,” now appearing serially in The Indianapolis Times. “Whether or not one agrees with Major Angas, one can

not afford to miss his fascinating review of the American business situation,” declared Gavin L. Payne, investment banker and prominent Republican. “He has a lucidity of style and capacity for illustration which remind one of Professor Fisher of Yale university, who, by the way, outshines all American economists in presenting problems in economics to the laymen. And. after all, it is the laymen who are to be con- " Major Angas, from London, has a surprising perspective on American affairs Hall our bankers are not as well informed as he. For six months, it has seemed to me. we are headed for inflation. Every trend of events in Washington indicates it. "It Is axiomatic that inflation brings rising prices. Those who favor the modest increase of prices to normal speak of it as reflation.. Inflation is a question of degree. ! While prices of 1926 might not be dangerous, the general prices of 1129 would be inflationary and might only reproduce in a short tune the collapse from which we are suffering. "A normality is the true objec- j live. The real danger in the situ-, a'ion is in the fellow' driving the automobile. If he throws his car j in neutral gear and coasts over the brow of the hill, he may go so fast | that he can not throw his car into gear again, and his brakes will not hold “When Mr. Morgenthau marks up all the gold in the United States! and figures his bookkeeping profits, he is going down hill in neutral. The fear is that the President will not b** able either to brake the car nr get bark in gear. With Tugwell, Wallace. Moley and others in the car, there is too much driving from the back seat.

Attacks Brain Trust "I think the major gives the Brain Trusters far too much credit lor astuteness and method in plan. The major, in his clevcrne.ss of forecasting, sees a practical result, but 1 think he jumps at conclusions in outlining details of planned method bv which the result is attained. He errs. I believe, in thinking there is cohesiveness in the Brain Trust plans. •‘The Brain Trust aptly is compared to Christopher Columbus. When he left Spain he did not know where he was going; when he reached America, he did not know where he was; and when he returned home he did not know where he had been. •Major Angas’ thesis can not be satisfactorily discussed in the limitations of a single brief newspaper article. Suffice it to sav, it is ingenious enough to warrant anybody's reading it. "At a casual reading. I had an impression I remember as a boy when reading William Jennings Bryan’s free silver arguments. I did not believe them, but as arguments they were so clever one just had to read them. "The chief trouble with business today is lack of confidence. The vital question, after eighteen months, is thus: Has the President, with his experiments, been successful in inspiring the confidence necessary for business to resume? "The cleavage ia the election in November will be along those lines. Meantime, what Major Angas says Is well worth reading—even if you disagree with him.’’ Lauded by Spencer Herbert Spencer, assistant city attorney, and Democratic candidate for prosecutor, said: "I bought one of the first 100 copies of the book brought to Indianapolis. "It is, in my opinion, the first clear analysis of the New Deal which I have read, and I have read them all as they came out. While I know nothing of the author personally. from his record he seems to have a high batting average of predicting what will happen. ’’ Superior Judge John W. Kern. Democratic caniddate for mayor, said: % “ The Coming American Boom' should do much to justify and explain the Roosevelt program in business circles and should encour-

For good digestion —there i* nothing that can take the place of your own gastric, digestive secretions. Frequently, poor digrstkm is due to lack of tone in the stomach w alls—because of law blood strength. SS.S-. the great, scientif-ically-tested medicine, is specially designed to fill a two-fold purpose in this respect...it aids in stimulating the flow of natural stomach secret tons... and by building up deficient red corpuscles, with their hemo-glo-hin, it restores to a more normal functioning the secretions of the stomach digestive juices... so necessary for good digestion. This double value of S.S.S. is important. By all means try BAS, for better Health and more happiness. Its benefits are progressive... accumulative ... and enduring. Unless your case is exceptional, you should soon enjoy again the satisfaction of appetising food and good digestion... sound sleep... and renewed strength. This is why many say “SS.S. makes you feel like yourself again.'* tfio not he bonded by the efforts of a few unethical dealers who mar uget substitutes. You hare a right to insist that S S S. be supplied on request Us long years of preference !■ your guarantee of sansfsction. the world’s X.V#* great blood medicine

age the increase of a more optimis- ; tic and confident spirit among legitimate business men.” At the Indianapolis pubile library. L. L. Dickerson, librarian, discussed the book from the point of view of a man whose life is spent with volumes of all sorts. Simplicity Is Praised " ‘The Coming American Boom’ is ! the latest sensation in the field of books." he declared. “When it was published in New York two weeks ago. one member of the Stock Exchange took the entire first printing for distribution to his customers and employes. Other financial houses cabled to England for copies. That is publishing history! ’The author is adviser to one of the London financial stock exchange houses. His reputation for knowing his booms and depressions brought him a tremendous following in the ti£bt little British isles. “Now that he has turned his attention to America, he is utterly fearless in his prophecies concerning the behavior of business within the next few years. It would be unfair to the reader to tell what the major s prophecies are, even if this ! could be done in brief space, but it j is teliing no secret to say he fore- I sees one of the biggest Looms in our history and that he tells when it will come and what to buy. Major Angas writes so simuly that we laymen come to believe that we understand such terms as inflation. deflation, demonetization, and stabilization. “He gives us his answer to questions which have a personal interest to all of us and concerning which we still are in doubt. Only time will tell whether he *is right or wrong, but for the present he has stirred up an interest unequalled since the first appearance of the technocrats and of the New Dealers. It .seems that everybody is trying Coming American Boom.” at the same moment. I am immensely pleased that The Indianapolis Times is meeting this demand by publishing the book while the interest remains at white heat.”!

Sheppard Gives Version Joining the chorus which pronounced Major Angas’ book most interesting, Virgil ShepparcL governmental research bureau <#rector for the Indianapolis Chamber of Commerce, expressed considerable doubt as to the soundness of the major's theory in the following statement: 'Major Angas’ prediction of a boom in the United States as a resuit of credit inflation appears reasonable if his theory is correct. "He assumes that a large increase in bank deposits eventually will cause a great increase in spending, with resultant increase in nearly all lines of business activity. "It appears to me, however, that if such does not happen, the spending will be the result of fear that inflation may result in tremendously higher prices. Complete recovery can come only as confidence returns and it seems to me that something more than credit inflation is needed. ! though credit inflation may be one of the concomitant factors. "What the other features are, I am not enough of an economist to know. Increased efficiency of the machine, length of working day, governmental regulation of business—these are factors that are usually suggested. "Major Angas’ prediction is based upon what appears on the surface to be a simple monetary remedy, credit inflation. But wasn’t it too much credit inflation that caused the 1929 disaster? Maybe the experience of this depression will teach the American people when to stop credit inflation in the future. If this is possible, the major's prediction may materialize. ‘‘At least, his story is m*ost interesting.” Valuable. Says Dr. Wicks The Rev. F. S. C. Wicks. All Souls Unitarian church pastor, said: "In its publication of Major Ancas’ ‘Coming American Boom.' The Indianapolis Times is performing a valuable service to the community. "The reputation of Major Angas for predicting coming economic events is such that the public will | take seriously his present predictions. With him there is a skillful marshaling of the facts and apparently sound deductions. All goes to give confidence in the Roosevelt policies and confidence is the first essential of our recovery. "Major Angas is a sound economist and can not be dismissed with the sneer. ’Mere theories.’ His theories are based on past experience and upon ato ascertainable facts. "There must be no expectancy of miracles, but all goes to show that, with patience, the American people may find themselves once again on firm ground with every assurance of recovery.” Democrats to Meet Tenth Ward Democratic Club will meet at 8 tonight at its headquarters. 2155 East New York street. William Halmer will preside, and there will be speeches and entertainment.

Real Estate Loans e solicit applications for mortgage loans on wd]-located Indianapolis real estate. Jfletcfjcr UTrusit Company N. W. COR. PENNSYLVANIA * MARKET STREETS *

HOOSIER ARCHERS COMPETE IN CENTRAL DISTRICT TOURNEY

“ ; p 11 ■■ 1 11 * -• ‘ ■■ - ' '■'* - . --■ ■" ■ ' -

\ jqj n yi j sfiijji j mmm

Scenes reminiscent of Robin Hood’s days in Slierwood forest were enacted yesterday in Riverside park as fifty Indiana archers competed in the Hoosier State Archery Association's central district tournament.

Above—Miss Ruby East, Terre Haute, association secretary, and Bob Sturm, of Smith, Hassler & Sturm, sporting goods compfeny, who w r as official

50 Indiana Archers Vie for Honors at Riverside Husbands, Wives and Children Take Part in Meet; Kenneth Hezeldine Annexes Top Honors. Some of the lore of Sherwood forest was transplanted to Riverside park yesterday when fifty Indiana archers competed in the central district tournament of the Hoosier State Archery Association. It was decidedly a family affair, with husbands, wives and their children shooting at straw' targets. Before the meet was over, the Indianapolis club had made several new converts to the sport among the spectators present.

Kenneth Hezeldine, Terre Haute, who won the event in the men's Class A American round with a score of 606, showed remarkable accuracy by being on the target ninety times in as many shots. W. B. Lincoln, president of the local club, was second in Class A with a score of 569, and he was on the target eighty-nine times. George Martin of Evansville was third in this event with 555 and eighty-nine hits.' H. C. Balcom. Kokomo, won the Class B with eighty-five hits and a score of 445. Frank Kindle. Anderson, won Class C with 325 points. Dr. Ray Kiflel. Logansport, was second with 300. and E. P. Fitzgerald, Indianapolis. had a 279 to place third. Mrs. W. B. Lincoln, Indianapolis, won the Class A of the women's American round with eighty-six hits and a score of 500. Mrs. Nat Lay. Indianapolis, was second with 497 points and eighty-five hits. Miss Ruby East. Terre Haute, won Class B with 386. and Mrs. H. B. Shields, Indianapolis, was second with 359. Jack Thornton. Terre Haute, won the junior round with 473. Mona Balcom. Kokomo, was second with 465. and Marion Sturm, Indianapolis. third, with 270. The clout shoot was won by John Root. Terre Haute, with 115 points. B. Brabender was second with 95. and Kenneth Hezeldine was third, with 92. Mrs. Nat Lay. with 193, won the ladies’ clout. Mrs. Ruby East placed second with 154. and Mrs. W. B. Lincoln shot 68 for third place. Jack Thornton won the junior event with 213. Mona Balcom was second with 61. and William Balcom was third with 24. Newspaper Advertising on Gain ' tfj/ l nitrd Prtf* NEW YORK. Sept. 17.—The trend ! of newspaper advertising in August i v. as sharply higher, reflecting heavy use of space by retail concerns. Editor and Publisher reported today. 1 Underwriters to Hear Talk Members of the Indianapolis Association of Life Underwriters will hear Victor E. Beamer. Jacksonville, Fla., former Indianapolis resident, at a luncheon in the Columbia Club Friday.

THE INDIANAPOLIS TIMES

scorer, are shown counting up points at the target. Below—Mrs. Nat Lay, 3026 Guilford avenue, showm at the right, was winner of the women’s clout shoot. Center is Mrs. W. B. Lincoln Jr., 3507 North Pennsylvania street, winner of the women's junior American round. Ken Hezeldine. Terre Haute, left, was another winner. He is president of the state association and president-elect of the Midwestern Archery Association.

THREE HELD HERE ON BOGUS BILL CHARGES Trio Passed Counterfeit SlO Notes, Police Allege. Three men are being held for secret service operatives in connection with the passing of counterfeit $lO bills Saturday night. They are Harry E. Hardacre, 34. of 4789 Schofield avenue, identified, according to police, as a man who passed a bill on Nick Natu, employe in a restaurant at 234 North Illinois street, and Harry Burns, 25, of 134 West Twenty-first street, and John R. Zeiner, 27, city. The latter two are said to answer descriptions of men who passed bogus bills at the Tom & Hody tavern on state road 67. CITY MAN IS ELECTED JUNIOR C. OF C. HEAD Robert Kirby Named at State Convention Here. Robert E. Kirby, Indianapolis, prominent in Democratic campaign circles, is the new president of the Indiana Junior Chamber of Commerce, following election at the annual convention which ended Saturday in the Lincoln. He succeeded Robert Taylor, Evansville. Other officers are Max Barney, Marion, vice-president, and Lawrence Vollrath, Indianapolis, secre-tary-treasurer. Directors are August J. Lassus, Ft. Wayne; Wayne H. Johnson. Marion; William Shively, Ft. Wayne: Evan Walker, Indianapolis; Rufus Putnam, Evansville, and Mr. Taylor. The 1935 convention will be held in Ft. Wayne.

Meat and Potatoes Aren't Enough Vitamin “D" Gum A famous nutritionist says, "The greatest deficiency in the diet today is the lack of Vitamin "D”. This valuable food element is not found in the every day diet. It must be obtained from other sources. Keep fit —chew orbit Vitamin "D” Gum. 5c a package everywhere. i

MAJOR COX WINS - ' AIR SAFETY TROPHY Municipal Airport Chief Honored at Tour’s End. Major Charles E. Cox Jr., municipal airport superintendent, will have possession of the Lincoln National Life Insurance air safety trophy for the next year, as result of his selection by judges yesterday at conclusion of the Indiana air tour. Forty-six planes landed at municipal airport yesterday, ending the six days tour. Judges gave Ed New and Dr. Donald Musselman honorable mention in the safety contest. Jimmie Mattern, round-the-world flier, addressed the crowd that greeted the homecoming air voyagers. The tour fliers covered 1,500 miles. FLOWER SALE TO AID DISABLED VETERANS Annual Forget-Me-Not Day Will Be Held Sept. 29. The annual Disabled American Veterans of the World war Forget-Me-Not day sale in Indianapolis on Sept. 29 will be under the supervision of Mrs. Alfred Cowan as general chairman. The sale is conducted under the aucpices of the Dr. Worthington chapter, No. 3, D. A. V. District captains, responsible for sales, will be enrolled the middle of the week. Proceeds from the sale will be used for rehabilitation of veterans. TAVERN OWNER KNIFED Operator Stabbed Attempting to Eject Three Customers. Charles McCutcheon, 48, of 1328 Bates street, beer tavern operator, was stabbed last night by three brawling customers whom he had attempted to eject from the tavern, according to police reports. He was sent to city hospital where his condition is said not to be serious.

Soothes Skin irritations - WBmJoi

FIFTEEN GUARD MEMBERS FACE FRAUDCHARGES Grand Jury Indicts Soldiers for Alleged Falsifying of Claims. Arrests of fifteen members of the Indiana national guard, some of them officers and some enlisted men, were expected today following their indictment Saturday by the federal grand jury on charges of falsifying claims against the government. At least one of these men is said to occupy high ofJce in the state militia. The grand jury returned 100 true bills involving 125 persons, sixtyseven of whom were charged with violations of the federal'liquor laws. Edward B. Nicholson, Indianapolis, was indicted on extortion charges under the "Lindbergh act.” He is said to have written letters to officers of an Indianapolis bank, demanding large sums of money in return for which he would refrain from blowing up the company and its directors. Thomas Holland. 20, former Indiana National bank messenger, was indicted for embezzlement. He is alleged to have absconded with S6OO in cash and 513.000 in checks. Three indictments, the first ever to be returned under the new interstate kidnaping statute, were handed down against Ralph F. Shideler and Harlan A. Marshall, both of Indianapolis, and Fletcher W. Rooker, Brooklyn. They are charged with hijacking a truckload of batteries in Kentucky and kidnaping the driver. pedestrianTs KILLEDBY CAR William E. Marshall Is 91st County Traffic Death for 1934. Funeral services for William E. Marshall, 29, of 3011 North Layman avenue, injured fatally when he was struck by an automobile while he was crossing the street in the 4800

block Massachusetts avenue Saturday, will be held at 2 tomorrow afternoon at the Tolin funeral home. Burial will be in New Crown

91

cemetery. The death-dealing automobile was driven by Melville Hankins, 38, of 1107 North Riley avenue, who was blinded by lights of a car coming from an opposite direction, according to police. Mr. Marshall is the ninety-first traffic fatality in Marion county this year. He was not identified until several hours after the accident.

Pastor Makes Plea for ‘Fair Play’ in Business ‘Brotherly Spirit Is Imperative,’ Says .he Rev. E. J. Unruh in Sermon to Congregation. “Time may make some ‘ancient good uncouth,’ but it has not succeeded in stripping us moderns of the social responsibility which God exacted of Cain for his brother Abel,” said the Rev. E. J. Unruh yesterday to the congregation of Central Universalist church in his sermon on “My Brother’s Keeper.” “The trend in these modern times hints strongly at much greater responsibilities of all members of society,” he continued, "and the man of industry, as well as the laborer, who asks ‘Am I my brother's keeper?’

finds an affirmative answer written deeply into the crust of human life today. "By being his brother's keeper the modern business man is’actually increasing his means of economic gain as well as the security of his person and property. “The worker who disregards this same relationship destroys his own well-being and happiness.” Mr. Unruh said further that "the brotherly spirit in business is imperative. The animosities of the worker-striker and his employer can bring but little gain for either. Industrial unrest and violence has added excruciating pains to both, alike, with little progress gained. Strikes and violence must give way to arbitration. Fairness on the part of employer and worker is most necessary to our economic recovery. r ‘Fair wages and working conditions,” he said, “reflect directly upon the profits of industry. The employer, the worker; they are their brother's keeper and before we come out from under the debris of this present muddle we will all know it and learn to cherish it.” Three Divisions to Meet Three district meetings of the Presbyterian Synod of Indiana will

FROM a- ANYTH^|^^ U

CADDY NEAR DEATH

!K,v -- M_ •r r Vl h. - - Ilerschel Hinkley Shot and wounded critically by a caretaker yesterday, Herschel Hinkley, 15-year-old caddy, is fighting for his life in city hospital today. The youth, with several other boys, had been plundering apples from an orchard near the Highland Golf and Country Club.

TAXPAYERS TH ASK RATE CUTS Further Reductions in 16 Counties Possible, Says Miesse Further reductions in the 1935 tax rates in sixteen Indiana counties are possible and will be requested, it was announced today by Harry Miesse, Indiana Taxpayers’ Association secretary. Mr. Miesse disclosed that the association has distributed among officials and residents of the sixteen counties a detailed analysis of the proposed appropriations with suggestions how the coming tax levies may be reduced. Nearly all the proposed township budgets examined by auditors for the association disclose reductions and proper preparation, Mr.*Miesse announced. "Few of the 1.016 township taxing units have failed to apply anticipated receipts to reduce the tax levies,” said Mr. Miesse. Tax Boards Warned Warning to county tax adjustment boards to fix tax rates as low as possible has been issued by the state law board in recognition of reports that some adjustment boards have been encouraged to pass appropriations and rates as fixed by local officers on the pretext that “the state board will make no reductions if appeals are taken.”

convene today and tomorrow, ac- | cording to an announcement re- j cieved from Dr. Henry B. Hostetter, state secretary of the Presbyterian ; church. The Indianapolis Presbytery meets in Edinburg. The opening address i will be made by Dr. Douglas Avison i of Seoul, Korea. Dr. Avison is the j missionary representative of the Second Presbyterian church of Indianapolis. The Muncie Presbytery will meet ! today at Alexandria and will be addressed by the Rev. George Arthur Frantz of Indianapolis, on the subject “The Publicity of Power.” Shelbyville will be the meetingplace of the White-Water Presby- ! tery, tonight at 7:30. The Rev. Willis R. Booth of College Corner, 0., will be the speaker there. Banquet to Be Held The first meeting on a fall pro- j gram designed to celebrate the fortieth anniversary of the Englewood Christian church will be held in the form of a banquet at the church, tomorrow evening at 6. Basil Holt, formerly of Johannesburg. South Africa, and now minister of the Angola Christian church, j will .be the guest speaker.

PAGE 3

MRS.BURKHART SUCCUMBS TU ILLNESS AT 81 Husband. Two Daughters and Five Sons Survive City Resident. Funeral services for Mrs. Lucy M. Burkhart. 81. who died yesterday at her home. 4016 South Meridian street, will be held there at 10 tomorrow morning. Burial will be in Mt. Pleasant cemetery. Mrs. Burkhart had been 111 for several months. She and her husband. Harvey A. Burkhart, came to Indianapolis a few years ago after > living many years in Johnson county. Survivors are the husband, two daughters, Mrs. Stella Smoot and Mrs. Gertrude Maschmeyer, both of ; Indianapolis; five sons. Henry. Edward. George and Earl Burkhart, all of Indianapolis, and John Burkhart. Roseburg, Ore.; ten grandchildren and two great-grandchildren. Former Policeman Dead Last rites for Jacob Mullen, 60. of 2532 College avenue, for twentyfour years a city policeman, who i died Saturday in his home, will be held at 2 tomorrow in Flanner fc Buchanan mortuary. Burial will be ! in Crown Hill. Mr. Mullen retired two years ago. iHe was a member of the United ; Brethren church. Survivors are two sisters, Mrs. ! Charlotte Green. Knightstown, and | Mrs. Callie Myers, Newcastle, and seven stepchildren. D. D. James Rites Set Funeral services for Dilver D. James, formerly of Indianapolis, who died in El Paso, Tex., from injuries sustained in an automobile accident there, will be held at 2 tomorrow in the home of his parents. Mr. and Mrs. William R. James. 1110 West Thirty-third street. Burial will be in crown Hill. Survivors are the widow', two children. Ruth James and Richard James; his parents, Mr. and Mrs. James, and a sister. Mrs. Ruth Harris. G. V. Steep Succumbs Funeral services and burial for George V. Steep, 47, Los Angeles, 1 Cal., former Indianapolis newspaper man who died yesterday in New York, will be held in Los Angeles, according to word received here today by his mother, Mrs. E. R. Parmelee, 23 East Thirty-sixth street. Mr. Steep, a mining engineer at the time of his death, was born here and worked for some years for the Indianapolis Star. Survivors are the widow, Mrs. Alma Krause Steep, a native of Indianapolis; two daughters, his mother and a brother, James B. Steep, Detroit, Mich. Former Resident Dead Last rites lor Mrs. Alice Gray Stone. 81, Charlotte, N. C., formerly of Indianapolis, who died recently following a protracted illness, will be held in Charlotte. Her body will be brought to Indianapolis for burial. She was the widow’ of John a local insurance broker for many years. Burglar Drinks Ryer, Steals $Bl. A burglar entered the home of Amel B. Kottkamp, 2305 East Garfield drive, Saturday night, sampled some beer and wine, ate some pie and escaped with a check for $Bl.

SieaftA ROOFING Composition roofing of best grade asphalt and felt. WEATHERSTRIPPING IVi-Inch FOOT \\>ather Slrip- J | nr | llf!ln Pine I hat .Nall. 5-In., 28-Gaugel r\ ft. / r Eave Trough * for OCjC 3-In., 28-Gauge-i r\ ft. Rain Pipe I U f or OUC 2-Bx6-9 Combination -j jStorm Door /. I 3 Storm Sash Made to Order —Sears, Basement. '| md yj J w ilHfl