Indianapolis Times, Volume 46, Number 137, Indianapolis, Marion County, 18 October 1934 — Page 10

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BUSINESS CZARS GO INTO HUDDLE WITH PRESIDENT Roosevelt Gathering Vital Data for New Attack on Depression. Bp Unitrit Perm WASHINGTON. Oct. 18—President Roosevelt the.se days is Retting an earful of vital information from the nation's captains of industry whose advice is sought in a new offensive on the recovery front. The parade began when Mr. Roosevelt went to the summer White House at Hyde Park. It is continuing here. It will keep on until sufficient data has been assembled from which will be drawn Important recommendations for the next congress. “The President is meeting representatives of all businesses and industries,” Secretary Stephen T. Early said, “and the information they give him he plans to sift thoroughly In his effort to improve the general situation.” Brain Trust Not Benched Some observers felt that the march of big business was indicative of a temporary benching of the brain trust in favor of those who control the employment of the country. Close administration friends, however, laughed at the idea. General opinion prevailed, nevertheless, that the net result of the conversations between the President and his callers would lead to a comprehensive program designed to consolidate economic gains under the New Deal, to point even more sharply to recovery objectives and to meet adequately the broad social problems of relief and rehabilitation. A glance over the list of callers In the last six weeks shows that Mr. Roosevelt has invaded the ranks of bankers, shippers, industrialists, merchants and agriculturists in his quest for information. Noted Bankers Summoned In the first group there have been Governor George L. Harrison of the New York Federal Reserve bank; Francis M. Law. president of the American Bankers Association; Jackson Reynolds, head of the First National bank of New York; R. C. Leffingwell, partner in the J. P. Morgan Company, and William C. Potter, of the Guaranty Trust Company. From these men the President obtained financial data for use Oct. 24 when he addresses the convention of the American Bankers Association here. A recent White House visitor was Myron C. Taylor, chairman of the board of the United States Steel Corporation. Others included Edward A. Filene, Boston merchant, and William R. Grace, shipping magnate. Newspaper publishers also have been visitors to the White House in the last few- weeks, among them being Roy W. Howard, William Randolph Hearst and Fran'.; E Gannett.

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Indiana in Brief

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New Methodist Church at Fountaintown. Bp Timru Special •

FOUNTAINTOWN, Oct. 18. New house of worship of the First Methodist Episcopal church here will be dedicated Sunday at a ceremony in charge of Dr John W McFall, superintendent of the Rushville district of the Methodist church The Rev. B. K. Johnson is pastor. The new church, valued at $15,000, will be taken over by the congregation free of debt. It was made possible by the generosity of Mr. and Mrs. J. Harvey Snider and family, who donated the building site, provided all materials and the plumbing, heating and lighting system. Half of the labor which constructed the building tvas donated.

Suit Sets Record By Timr* Special NOBLESVILLE, Oct. 13.—Largest suit for damages ever recorded in Hamilton circuit court here is the case of Jeremiah A. Malson against Dr. W. H. Williams, brought here on a change of venue from Boone circuit court, Lebanon. Alleging that Dr. Williams made an affidavit that he was insane, Mr. Malson seeks damages of $75,000. ana Beer Curb Spurned Bp Timm Special COLUMBUS. Oct. 18.—For the second time. Mayor H. Karl Volland has been thwarted by the city council in his efforts to obtain passage of a beer regulatory ordinance. Declining to reconsider an ordinance tabled two weeks ago, the council avoided further discussion by adjourning. a a a Mute Arrested Bp Timm Special FRANKFORT, Oct. 19—Declared to have made a statement in which he admitted stealing automobiles and grain, Arthur Harris, 26, a onearmed mute, is a prisoner in the Clinton county jail here. Prosecutor Millard C. Morrison announces he probably will file charges of vehicle taking and grand larceny. Among offenses said to have been confessed by the prisoner is theft of more than a ton of wheat from the farm of A. A. McClamroch. THE ITCH Prevalent in Indianapolis Go to Hook’s or any good drug store and get a bottle of Gates Sanation Lotion. Guaranteed to stop the embarrassment and discomfort of itch. 60c large bottle.—Advertisement. v "

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THE INDIANAPOLIS TIMES

'NO CHISELING,' HULL'S DECREE IN TRADETALKS Foreign Diplomats Ordered to Lose Idea of ‘Getting Gravy/ Bp United Pre ** WASHINGTON. Oct. 18.—Foreign diplomats here studied anew "book of rules” by Secretary of State Cordell Hull today to determine whether their nations were eligible to play in the game of reciprocal trade negotiations. Heretofore, Mr. Hull intimated, some nations seeking to negotiate l with the United States apparently! believed there were no rules —except that one which said something about “get while the getting is good, and get all you can.” Mr. Hull decided to disillusion them. He issued a scorching statement saying, virtually, that the first rule required that the negotiating parties be honest. The second rule said neither party should attempt to take all and give nothing. Unless these two fundamental

rales were observed, Mr. Hull said, the United States would not play. Mr. Hull, in effect, made “no chiseling” the watchword of future trade negotiations, the object of which, he said, was to increase world trade generally for all concerned. Although state department officials said Mr. Hull’s statement was one of general policy and not aimed at any specific country, it was understood that recent activities of the French, German and one or two other governments prompted the decl:ration. GLENN FRANK FLAILS NATIONALISM TREND Swing Will Ruin Commercial Agriculture. He Says in Book. By United Prm NEW YORK, Oct. 18.—America's swing toward a self-contained nationalism will ruin commercial agriculture on this continent and lower the farmer to the status of the European peasant if it continues unchecked, Dr. Glenn Frank, president of the University of Wisconsin, said today in “America's Hour of Decision,” published by Whittlesey House.

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MONEY GROUP GETS PLEA FOR TAX REFORMS % __________ Income Value of Property Should Be Gauge, Parley Told. Establishment of the cash or income earning value of property as a yardstick for assessment for taxation was urged yesterday bv James A. Bell, Elkhart, in an address at an organization conference of the American Monetary Reform Association in the Lincoln. In urging such a move, Mr. Bell stated that it would serve to equalize the tax burden. Other speakers included Charles R. Adair, Flint, Mich., association president; D. H. Fisher, New Paris, and Dr. Wiley Overholser, Winamac.

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OCT. 18, 1934