Indianapolis Times, Volume 46, Number 214, Indianapolis, Marion County, 16 January 1935 — Page 9

JAN. lfi, 1935.

ANY NUMBER OF VERDICTS OPEN IN GOLD CASES Any One of Several Paths Can Be Taken by High Court. Th decision of th Supreme Cuurt in tk. k.nkln| goii mu may hve an overwhelmtii* effer t ®t the Nallnn'a rrnnonlc life. Tbl* it th la*t of a terle* of dltpaU-bti eiplitnlnc the ltaa lion. BY' JOHN A. REICH MANN United Pratt Staff Cerretpondent WASHINGTON. Jan. 16 —St ldents of the role which the Supreme Court has played in administering Justice and shaping the destiny of the United States see its present position in deciding the gold cases as the most important since the confused and stirring days which ied up to the Civil War. One group foresees in an adverse decision in the gold cases the following results: Every person holding a gold bond contracted for prior to the time the United States went off the gold standard —and there are estimated to be $100,000,000,000 of such securities—would have to be paid $1.69 for every dollar owed them. Every debtor under one of the bonds would have to pay $1.69 on the dollar, leaving him just that much less to meet other creditors. This implies less for dividends, less in wages and salaries for workers, and less to spend for the purchase of goods and supplies. . Would Tie U. S. Hands The Government would go into any future international currency stabilization conference with its hands and feet tied to a gold standard which other nations have abandoned. The other school believes that the court rarely says that things can not be done. It believes usually the court says, “You can not do this thing under the Constitution in the way you have tried to do it. You must do it some other way, if you wish to accomplish the result.” They also feel that the court, in deciding issues, generally gives a hint as to how it may be done constitutionally—even though it may mean revising the Constitution. It is also worthy of note that the court need not necessarily rule that the debts contracted for in gold dollars of 25 8 grains nine-tenths fine must be met in currency each dollar of which is equal to 15 5-21 grains of gold nine-tenths fine. May Direct Repayment The plea of those who hold gold bonds is that they are being deprived of their property—a contract for so much gold—without just compensation. It is barely possible, in the minds of some observers, that the court may direct repayment in “Just compensation” and leave for some other judicial tribunal—in one case the court of claims—the determination of what constitutes "just compensation.” This would open a wide range of possibilities. Mindful of the fact that gold bond buyers generally purchased their securities not for speculative purposes, but in order to in-

liOTMJffiW©! '* Now at 146 EAST WASHINGTON ST '.'arggsa '5; 1 JANUARY CLEARANCE | 1/2 OFF I ow Prices! iow... <po.Ol 0 dQ 07 10w.... do.oi O d*Q 0w.... $3.0 1 With Every Coat! jj Clearance nil r \ n I !■ i Or\LL 'resses j| 1-til pn waiting for. lfe=ia a' Stunning styles, x' ' j \' ill p I Aiy II 011 r\/ On men's and womens clothing. I s x J WE LOAN MONEY S™™bn* watches ’ jewelry and J ? 35 cn 1 1 S o OKk v>V Mens Unredeemed '' -\ SUITS and ! I tg&Wr&S OVERC O AT S f \ V W VV/ ' The wf, r>l*> town is talking about ' \ It ! Hiilli #-*r> th,v,i< * marvelou* values. But the O V > ■ ■ J K s •°'h‘ , s you need now. Ton’ll find V >' I >jg >_• ga" 1 • * re ,ru *- T remtrktbl* bar- \ SMjrafe S 0 ?L I \ fl? • * m -'!•■> all fabri'-g, all sizes. \j , W ,&; *%¥ I ride in Your Old Coat on ’ # ' N>W ° r Re ' condit * oned '' $ CHICAGO JEWELRY CO. ' VA n SH T Rd ? x rorer Goidstem Dept. Store B.dg \ >V’’y •-'< VWVV>We ■ < VVeVeV < ‘VV'W>.WStt,

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Equipped with super-hydraulic breaks, knee action wheels, Fisher no draft ventilation, center control steering and ride stabilizer, Oldsmobile adds to its safety in 1935 with the new solid steel turret

sure the return of the full value of their money, he value of gold at the time of purchase might prove an important factor. Devaluation was based on the contention that most of the debts which debtors were bearing during the depression and which were responsbile for many of the depression’s hardships were contracted for in dollars that would buy much more today than they did before the depression. In other words, the debtor contracted to pay gold dollars which would buy far less goods for the creditor than they would tdoay. These dollrfrs had become, of course, harder for the debtor to get because he had to give more labor or more of the goods he produced in order to get one of them. The aim of the monetary policy was to relieve the debtor from paying. in goods or services, more than he had promised to pay, interpreted into goods or services. For this reason the court, it Is possible, may say that “just compensation” is a matter for the courts to decide and that this must be determined before it will say whether devaluation has been constitutional.

DOCTORS’ CARS LOOTED Medirine Grips Taken From Autos of Physicians. Apparently searching for narcotics, auto thieves took the medicine grip of Dr. W. A. Sandy, 3227 Park-av, from his car last night. He valued it at $lO. Thieves also took the physician’s satchel from the car of Dr. John W. Emhardt. 5424 Washington-blvd. He estimated his loss at $l5O. It Has Helped Thousands Men and women who are occasionally upset by constipation in one way or another, such as sick headache, biliousness, dizziness, poor appetite, gas pains, will obtain refreshing relief by taking Thedford's Black-Draught. “I found I had to have something for constipation for it was making me feel dull and tired,” writes Mr. J. L. Brittan, of McAdenville. N. C. “I had heard so much about BlackDraught, I began taking it, and after a dose or two of Black-Draught I feel fine.” THEDFORD'S BLACK-DRAUGHT

NEW OLDSMOBILE STRESSES SAFETY

top body by Fisher. Safety is the key note around which the new cars are engineered. Pictured above is an Oldsmobile Eight four door touring sedan, which is now being displayed by Lathrop-Moyer

FAST READING CLERK ‘STUBS’ HIS TONGUE ON SENATE MEASURE

Harry Templeton, Senate Reading Clerk, was picked for his ability to gallop through the complicated mazes of whereases rapidly and clearly. But yesterday he stubbed his tongue. In reading the title of S. B. 41, an amendment to an act relating to distribution of the acts of the Assembly, Mr. Templeton startled the assembly with: “ —providing for the distribution of heads of the Assembly, etc., etc. French Tutor to Speak Mme. Yvonne Chamilovitch, Tudor Hall French instructor, will address the Alliance Francaise at 8:30 at the Washington tomorrow.

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THE INFIANAPOLIS TIMES

I Retail. Inc., 413 N. Capitol-av; Wright Oldsmobile Cos. Inc., 1302 N. Meridian-st; Miller Oldsmobile Cos., Inc., 3120 E. Washington-st, and Sullivan Motors, Inc., 650 Virginia-av.

NEW DOG. CAT SHOW BUILDING SUGGESTED Scottish Terrier Club Urges Fairground Project. The Scottish Terrier Club of Indianapolis last night passed a reso- ; lution that anew dog and cat show building be constructed at the state ; fairground. The dog fanciers met in | the Indianapolis Athletic Club. Officers were re-elected, and it j was announced that a Scottish Ter- ; rier puppy match will be held April 27 with John Banks, St. Louis, as judge. John W. Hillman, re-elected president, spoke on ’'Scottish Terrier Bloodlines.” Federal Employe Injured in Fall The condition of Mrs. Ella H. Parker, 5341 N. New Jersey-st, secretary to Postmaster Adolph Seidensticker, who fractured her arm yesterday when she fell in the Federal Building, was described as “fair” today at City Hospital'.

VISITORS STUDY CARDS ON LAW MACHINERY Statehouse Exhibit Explains Procedure in Adopting Bills. Visitors to the Seventy-ninth General Assembly are studying with

yf PROPERLY FITTED IMPROVE YOUR APPEARANCE EYES EXAMINED! EYESTRAIN causes wrinkles—wrinkles mar a beautiful sac properly fitted, prevent eyestrain. Beautiful glasses, such as you will find at Kay’s, actually IMPROVE appearance! Ladies —do not hesitate to wear glasses, if you feel that you need them. A UfETCIf FATS FOR TOUR BLASSES 3W R IfLCII OR RAT’S EAST TERMS |Z advantage of the liberal credit |j| IBS - terms that prevail 14' VJ ■7T'arJT|l ▼ r,YYI | in Kay’s Optical I Department. SBjyTW. WASHIN&TON I.

! interest a series of placards hung at the south end ol’ the third floor hall of the Statehouse. The exhibit, prepared by the legislative bureau, is designed to show, simply and graphically, the steps in the enactment of legislation. Twelve i cards carry the process through the

drafting of the bill, introduction, committee reports, the three read-

A POWERFUL HEATER at the Factory Price You’ll marvel at the quality of this big, sturdy Franklin Porcelain Enamel Cir> k .■wmrrmmmmmmmmma culating Heater with its huge 20-inch ’VyFfffW door and great 22tVinch fire pot. .! jj I You’ll be amazed at its low Factory T>_i *ll UH-inch u-idr fire pot. Price- All cast iron. Heats sto 6 room* ribbed for greater like a furnace- Guaranteed. Eaev terms—as little as 1 Sc a day. Come in and see id KALAMAZOO STOVE CO. ff§§§ I *|.'' Open Evenings to 9 P. M. ■■■■■■■■“ 207 N. Delaware St. LI-5962 S&JfcwfK “j COa^* WE REPAIR ALL makes of furnaces

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ings and the Governor’s final approval or veto.