Indianapolis Times, Volume 46, Number 191, Indianapolis, Marion County, 20 December 1934 — Page 10

PAGE 10

WAGNER URGES $1000,000,000 FOR HOME LOAN Powerful Support Promised for Further Federal Mortgage *A id. B’l Frrippi./foir -~4 Snmpnprr Allinnct WASHINGTON. Dec. 20—Powerful support was evident on Capitol Hill today for further Federal aid to distressed home owners. Senator Robert F. Wagner 'D., N. Y.) added his barking with an announcement that his first move in January would be to introduce a bill authorizing the Home Owners Loan Corp. to issue an additional billion dollars' worth of bonds. The billion would enable the HOLC to take up more than 300.000 additional mortgages. Its original limit of three billions, under which about a million homes are being financed, is expected to be reached about March. Loans to date exceed two billion dollars, with ebout 670.000 homes refinanced. Senator Wagner said he had been deluged with letters from home owners describing tne crisis facing them as a result of curtailment of HOLC activities. Many Bills Prepared "The HOLC work is a decidedly important part of the recovery program," he said. "The preservation of the American home which is the basis of our civilization, the salvaging of these human and social values, the providing of a mental tranquility to millions of our best citizenry are vital necessities." Others in Congress have bills ready authorizing additional HOLC aid of from one to three billions. Chairman John H. Fahey said the HOLC board is making no recommendation but will rely on the judgment of President Roosevelt and Congress. He us, however, surveying private lending institutions to learn whether they are willing and able to resume mortgage lending at their former pace. He has suggested that the* duration of such loans be lengthened to lighten the instalment payments. Thousands Protest Move Monthly payments by HOLC borrowers are $7.91 per $i OCO, which covers the 5 per cent interest and amortizes the principal over 15 years. Loans of 15 years at 6 pci cent would require $8.44 a month, which many home owners can pay even with depression incomes, Mr Fahey saia. Between 600 000 and 700.000 applications on file with the HOLC were barred by a recent order that only applications which had reached the tnle examiners would be considered theiiceforth. As title inspection is <*ne of the final operations in the HOLC, only about 290.000 applications remained eligible for refinancing. The curtailment has brought thousands of protests to HOLC offices and members of Congress from would-be borxowers and lending institutions. Rep. A. P. Lamneck 'D„ O.t charged that the curtailment brought a wave of foreclosures. The HOLC board, he declared, has assumed powers not granted in the law and by shutting off aid is deflating property values, thus thwarting efforts of the Federal Housing Administration to stimulate new construction.

Again G.C. Murphy Cos. Present a Smash Sale of 10,000 CHRISTMAS TIES lltMiiiliful Ties Seekers! As pretty any tie you could find A sale that ought to create a at even twice or three times the Sounds almost unbelievable—a 25c price. Dots ... Stripes ... Checks Tie Sale right before Christmas, and Novelties. We advise early shopping. U. C. MURPHY £©. 11 NORTH ILLINOIS ST. CORNER MARKET

MILE-O'-DIMES LENGTHENED BY GYRO CLUB

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Twenty dollars in dimes clinked merrily into The Indianapolis Times Mile-o'-Dimes yesterday as members of the Gyro Club did their bit in The Times Clothe-A-Child campaign. Kneeling to place the dimes are PYank Billeter. lelt. and Joe Waite, club president. Other club members stand behind them.

CHURCH PICTURE TAKEN Canvas of “The Good Shepherd" Is Stolen From Trunk. Moved, perhaps, by the spirit of the season, someone last night took a canvas of “The Good Shepherd"

At Sander & Reckers Last Minute Gift Suggestions All at Greatly Reduced Prices COFFEE TABLES Modern Samson snii.i walnut -l" ne white, vai- Bridge Tables Choice s 9ii= Choice *2^ English Mahogany Gov. Winthrop Lounging Chairs Secretaries [ Were $59.50 to $69.50 Were $45 and $49.50 Choice '3 8“ Choice S J7= CHILDREN'S Rockers and High Chairs Choice to s 4^ Sander & Recker Furniture Company Meridian at Maryland

from the trunk of Miss Mary Baldwin, 1015 Park-av, while it was stored in the basement of her former home, 1009 Park-av. Miss Baldwin told police the picture, which is six feet tall and three feet wide, | was worth $75.

THE INDIANAPOLIS TIMES

YULE PROGRAM PRESENTED BY MANUALPUPILS Pantomime, Music Will Be Repealed Tomorrow at School. A special Christmas program, which will be repeated tomorrow

DEE-MILLER hveiumie on turn (JmiStmal JJAttmicoiml .... :/ (/ .... . that will be app;e- M| fMR EBB DVW'M W ciated. gifts that will last a li.e- f| ittlw I ? JHi lfl| ifH H vlUk W ' l! : • ir- • ■ M*'* time .. . Come in and see the Mh pH Pjfl m f wide selections at Dee's or Mil- [BS yßfbVf ler's. Use Your Credit! XmLA VE VW tSLA M Only 3 Moire Shopping SAVINGS OF 25% to 50% h smart il. p. mlaM. MM _ - r 1 M A .■ tiin*|■i<■>■ oatan ain a /an -H. jaf jMmS ,;> jttijjjfPiMrL wR Imw |. ri!••• <ia sain atT fytl®. IwCB i>■ •<> s ami M:ii*'r'. WBBBimzi f <&s&' yill-ast., Only ' 75c ‘ ■ c 7", '- jKBgjSSsSSjB&Bi. hr.n ' M ° __ t v*- ; : •or- <7Bnu-'.ic-T ■ JW — — | 7M: r if- rr:-: v i r-erd a - . m $39 75. others at I \ \ Dainty, Slender BAGUETTE s|i|9s mttm BagiiPttes combine ab- {! f 111 | J \ Slmll be tbrilleil with this lovely baguette wan-h \>ith its B polute accuracy with ex- Wfct "■ \ grateful narrow bracelet, til AKANTEED jeweled move- H B r quisite design! ~ “nient in exquisitely engraved case. / 1 T T ft 10-Pc. TOILET SETS toilet"sets Cigarette C^es "sii'lb„if st “ sQU *“ t! '' “ Jr iiM.fnbffi 9 J iIIII 11 1 I , #ll!ill(:ililM.'MI8M 5Uc a week; J* lp mAWtm yAm-TI tm*mn iaCT.,4HHa ni limm mnSSm* s l4” mond ’set fn 7C 7 Sparklin? .(i - - 50 c ,4 WEEK! mono rr.?aj;e- $ / 5 a massive M M 1 w dumon ds of o ■ I 0 mnt .me .id BCBI fa A B modern rare beautv are ■ = Gorgeon=. sparkling diamond engage- 5 diamma tied- ■ mounting. ** m* t'ffu/VounUneof gold! ment ring and a wedding ring to ° n sa - e at Dee^ 50c A WEEK! m A WEEK! Kmo’SuS 6 . t S^r v^ mMt,F ‘ 9tM A WEEK! I Gents’ Massive M|| m — t ■■■ fyyMjaywffW CAMEO RING B BKiB I **% jg *1 H * ]k Am A ■ I * W . W JflH mr r , B Hbiß smaammSft’ Imm m ■! ■ Wi vI., I 1 . 19 BH a \ ML.. Bt i "TB fMAm A i| 4S i 1i Wl Uft. %. MU B Ws H W r-.: .-..a:. - • ” J rtfl ' ill' fli T4K 4 Trtn I* InlTfu M - !: bot opeT es | y | | n"n j t H UVj JUTOt EVERY NIGHT 1 I I J , Bhltf ll Jllh M (llfflUlWßll until xmas

morning, was presented in the Manual Training High School auditorium during roll call today. The programs were arranged for the Red and White Houses. Speech classes under the supervision of Miss Vivian L. Webster, arranged a pantomime prologue ; for both assembl.vs. The students in j the cast are Wilbur Meyer. Eugene | Wakeland. Iva Mae Studebaker. Virginia Ping, Myrtle Roudebush. Virginia Pugh. Ruth Chapman. Sam Smulyan, Earl Shumaker, Rolland Beckman. Phoebe Marsulescu. Luoa Popsche, Rose Ellyn Berndt, Flnore fanner, Jack Kistner, and Justine Bruce. The brass quintet, composed of ; John McDonald, Melvin Turner.

Fred Van Brunt, Lewis Kemmerer and Robert Maar offered a repertoire of Christmas selections today. Lon L. Perkins, member of the music faculty, will direct, A choir under the direction of Harold Winslow will prpsent Christmas songs and a freshman choir, directed by Miss Isabelle Mossman, will perform Friday morning. TECH FIRE HYDRANT SYSTEM WINS PRAISE New Setup at City High School Passes Tests. Tests yesterday of the newly installed fire hydrant system inside

the grounds of Technical High School revealed at least 6.000 gallons of water a minute available for protection of the school in case of fire. The tests were made by the Indiana Inspection Bureau and the National Board of Fire Underwriters. Officials who watched the tests characterized the new system as a major advance in fire prevention. \ DELAWARE. Also yL 5N stores in Andrrson. RichM mond. It Wayne. Louisville. (*> SATISFACTION OP MONEY BACK

DEC. 20, 1934’

VELVET ICE CREAM “Made of the Rest” The most delirious Ire rrenni made. Appeals to everybody, and everybody likes It. JESSUP eSc ANTRIM ■.— ■■■■ ■ 1 Mere a beauty—nice tin Uh. lo\*W ! In - C 9 4Q 'Mr *• \ D- l*. a-.. *r 7 . I " fill -