Indianapolis Times, Volume 46, Number 260, Indianapolis, Marion County, 11 March 1935 — Page 1

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U. S. TO TAKE CONTROL OVER ALL CURRENCY National Banks Will Lose Their Power to Issue Money. FEDERAL DEBT SLASHED Gold Devaluation Profits Will Be Used to Retire Bor ds. JJv 1 nitel Pre>s WASHINGTON. March 11.—In one of the most important monetary acts since devaluation ol the dollar the Treasury revealed plans today to concer.tra’e control of currency In the Feaera government. A plan tc strio national banks of their power issue money and call in national bank notes to be replaced by Federal Reserve notes was announced by Thomas Jefferson Coolidge, acting Secretary of the Treasury. The Federal government as a part of the program will draw on its gold devaluation profits to retire $674 625.630 of the national debt. Th** maneuver will save the government sl3 000.000 annually in interest. Simplifies Financial System Th* bonds to be retired bear "circulation" privileges and are pledged bv national banks with the Treasury to back most of the $657,937,080 of outstanding national bank notes. The new Federal Reserve notes will be backed by gold or not less than 40 per cent of their face value. The national bank note' to be called in this summer are be. ked 100 per cent by government b .ids pledged with the Treasury b> the issuing banks. The immediate effect will be simplification of the nations currency system and vesting in the Treasury and the Federal Reserve Banks all authority to issue money in the United States. Inflation Hint Touched On By calling the "circulation" privilege bonds and allowing this privilege on other bonds to expire in July, national banks will be deprived of the right to issue money, a practice they have engaged in profitably since Civil War days. The plan was said to carry definite monetary inflation implications in that it represents a spending of the government's gold profit and widens the gold base to support potential currency expansion. Officials avoided reference to inflation possibilities, but conceded it would "put gold to work which can be expanded.” They pointed out complete control over issuance of money is placed in the hands of the Federal government for the first time as a controlling safeguard over possible expansion. The money plan will be consummated as follows: Three Points in Plan 1. The Treasury called for redemption July 1 outstanding $599,724.050 of 2 per cent consols and on Aug 1 outstanding $48,954,180 of 2 per cent Panama Canal bonds of 1916-32 and $25,947,400 ol Panama Canal bonds of 1918-38. 2. The Treasury will give the Federal Reserve banks about $675,000.000 in gold certificates, issued against gold seized in devaluation of the dollar. The reserve banks then will issue Federal Rserve notes against the gold ccrtiflcatees and pay them out to the public in exchange for the national bank notes now in circulation. 3. The '■circulation'* bonds called for redemption will then be turned ovpr to the Treasury and cancelled, reducing the national debt by that amount. l ittle Effect on Citizenry There will be little effect on the average citizen from this three--cornered transaction. For the present the new money will buy the same as the old Under this plan $657,937,080 of national bank notes, or more than a tenth of the country's circulating medium, will be replaced with Federal Reserve bank money. Only three classes of paper money will then be outstanding—Federal Reserve notes, silver certificates and United States notes. Government officials said the move was another step in the simplification of the monetary system and a vesting of complete pow - er in the hands of the Federal government. Previously, national banks have been permit to issue their money mdependeut • of whether or not it was needed in circulation and sometimes in conflict with other monetary steps of the government. First Substantial Use The money plan involved the first substantial us? of the devaluation profits taken by the government on Feb. 1, 1934. when it wTOte up the value of its gold holdings from S2O 67 to $35 an ounce. By this writeup the Treasury received a book profit of $2,812,000,000. A total of $2,000,000,000 was set •side to establish the exchange stabilization fund which has guided the dollar in foreign markets; $139.000.000 was appropriated for loans to industry through the Federal Reserve banks; $23 000.000 for the Philippine currency fund and $8 000.000 for melting losses. This leaves about $642,000,000 of “free gold” which is to be used for the national bank note retirement. U. S. Girl Weds Polish Baron By I PttrH Press ATLANTA. March 11—Muss Adelaide Howell, niece of Clark Howell, publisher of the Atlanta Constitution and chairman of the Federal Aviation Commission, was married secretly to Baron Adam Henry Pavlovski. Polish nobleman, three months ago. it was learned today.

The Indianapolis Times Rain tonight, possibly turning to snow and clearing tomorrow morning; colder, lowest temperature about freezing tomorrow morning.

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VOLUME 46—NUMBER 260

Rebel Army Crushed in Greek War Forces of Venizelos Seen Completely Shattered by Loyalists. iCopTruht. 1915. by United Pres*) ATHENS. March 11—The Greek government appeared to be winning today in its fight to crush the Venizelist revolution after 10 days of civil war that has taken a heavy toll of life. Gen. George Condylis, war minister at the head of the Greek armyclosing In on the rebels on all sides in Macedonia, ordered his aircraft to cease bombing and avoid unnecessary bloodshed, in view of the rebel collapse. The loyalist army of Gen. Ghialistras, moving westward from Thrace, was reported to have cut off the rebels, who were attempting to flee to the sea. Gen. Camenos. rebel commander, was reported to have fled from Cavalla to Gumuldjina, not far from the Bulgarian frontier, accompanied by 10 officers from the rebel warship Helle, which surrendered. Hundreds of rebels were reported to have fled to the remote mountains. CUBA INVOKES MARTIAL LAW Terrorism Grips Island as Troops Act to Halt General Strike. By I pit'll Press HAVANA. March 11.—Terrorism in Cuba today followed the government declaration of a state of war to suppress an attempted general strike aimed at overthrowing the regime of Carlos Mendieta, provisional president. Bullet-riddled bodies of at least four men, apparently killed by the "ley de fuga’’ or law of escape, were found in the streets. The first two were Armando Feito, a student leader. and his father-in-law, Miguel Roque Fraga. The second pair were Juan Maria Munoz, a former soldier, and an unidentified man. Munoz was found on a corner outside the home of Miguel A. Riva, secretary of interior. The unidentified man was found about a mile away. Under the state of war, he army is in control of the island and summary military- courts, having the power of death, will try offenders. The strike was not yet general, but business activities and transportation were partly paralyzed. The port strike was virtually complete. Pan-American Airw-ays was the only organization functioning on the water front. BRUTAL SLAYER OF BOY ELUDES SEARCH Lack Clews in Hunt, Say Authorities. Sy t nit'4 Press YPSIIaANTI. Mich., March 11 Authorities admitted today they lacked a definite clew to the slayer of 7-year-old Richard Streicher Jr., whose body with 14 stab wounds was found Friday under a foot bridge across the Huron River near his home. State and local police and sheriff’s officers have rounded up and questioned every possible known suspect, they said, but all have given satisfactory alibis. Officers were looking for a man said by Gerald Young. 13. playmate of Richard's, to have been in the company of the slain boy Thursday aftemoon. the day he disappeared. Loss of $650 Ring Reported Wa'ter J. Stuhldreher. 4225 Cen-tral-av. an investment broker, reported to police today the loss of a platinum and diamond ring valued at $650.

Foil Armed Mexican’s Attempt to Meet Pope Youth, Found to Be Armed With Dagger, Turned Over to Italian Police by Vatican Authorities. By United Press VATICAN CITY. March 11.—A dagger was found on Carlos Roberto Murgav. a Mexican, when he was arrested Thursday after twice trying to obtain an audience with Pope Pius, it was revealed today.

The disclosure was made by Vatican City officials in saying that foreign reports of an attempt to assassinate the Pope were highly exaggerated. Vatican City officials said Murgay. who appeared to be about 22, applied for tickets Thursday morning. but was refused them because he appeared to be 'highly strung" and had no papers of introduction. He returned later and repeated his request. Papal Gendarmes arrested him and turned him over to Italian police. Police said he refused to disclose his intentions and did not reveal his attitude toward the religious situation in Mexico, where an antichurch campaign is in progress. There is no modern record of any attempt to inflict bodily harm on a pope. Until lately, the popes were voluntary prisoners of the Vatican for 60 years. They are zealously

SLOT MACHINE WAR CLEW IN TRUCK KILLING State Police Join Hunt for Rock Slayer of Driver. UNION REQUESTS PROBE Labor Organization Denies Violence, Asks Feeney to Aid Search. Indiana State Police today threw all available detectives into the investigation of the murder of John Penny, proceeding on the theory that slot machine racketeering provided a motive. Police records show that Mr. Penny had been arrested three times for possessing slot machines and discharged each time. The third charge was dismissed today when his attroney notified Municipal Court of his death. A1 Feeney, State Safety Director, said his department had been requested to enter the investigation by Harry Peats, secretary and treasurer of the Chauffeurs’, Teamsters’, Stablemen’s and Helpers’ Union, Local 135, an American Federation of Labor affiliate. Police Given Information W. E. Peats, president of the union, told The Indianapolis Times that the union had not been responsible for any violence to trucks or drivers, and he specifically denied that the union was implicated in the Penny case. It was believed that the union requested the investigation because it expected that it would be the object of police investigation in view of the fact that Penny was not a member of the union and that Kroker Grocery & Baking Cos., whose truck hre was driving at the time he was assaulted, employs no union drivers. Kroger officials have insisted that the company has had no trouble with any union and they profess to be mystified as to the motive for the attack. City police have announced no theory in the crime. When Mr. Feeney made his disclosure, city detectives were questioning a man they refused to identify bu“ who, they said, had volunteered some information in the case. Mr. Penny was driving a Kroger truck one mile west of Belleville Thursday night when someone threw a stone into the cab of the truck. The stone fractured Mr. Penn's skull, and he died yesterday. Kroger Offers Reward The Kroger organization offered a reward of SIOOO for information leading to the arrest and conviction of the guilty person or person?. Today, armed w-ith Information on threats said to have been made against Mr. Penny's life, Kroger officials confidently predicted action in the case before many hours have elapsed. Richard Penny, Ecorse, Mich., the victim's father, said that he, too, expected action in the case “within a day or two,’’ but refused to talk about the threats known to have been made against the life of his son. Mr. Penny, w-ho was 34. lived at 26 E. llth-st. He had been employed by the Kroger company for the last two years, a resident of Indianapolis for the last five. He is survived by his parents, two sisters, all of Ecorse; his wife, Mrs. Ruth Penny, to whom he had been married for five years, and a stepson, Roland Boughton, 17. Services will be at 1:30 p. m. at j the home, and burial w-ill be in Crown Hill. ICKES APPROVES LOAN: MOSES STILL ON JOB Great Feud Comes to End With PW'A Chief Apparently Loe'-i. st y I pit'll Press WASHINGTON, March 11.—Public Works Administrator Harold L. Ickes today granted $1,600,000 to the New- York Tri-Borough Bridge without ousting Robert W. Moses either as city parks commissioner or a member of the bridge authority.

guarded and no one ever has personal contact with them except those with approved credentials. Applicants for admission to general public audiences are carefully examined and must have letters from church or other high authorities at home. Pope Pius XI is 77. He is noted for his fearless championship of the rights of the church in all parts of the world. The pontiff is considered by many the most enlightened of any of the modem heads of the Roman Catholic church. A keen student of affairs, he has issued numerous encyclicals bearing on the church and Catholics in a -vrorld of changing social and economic Conditions. He abandoned the century-old custom of remaining in the Vatican during the hot summer months by retiring to his summer castle at Castelg&ndolfo.

INDIANAPOLIS, MONDAY, MARCH 11, 1935

SLAIN BY VANDALS

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John Penny Victim of a murderous assault by unknown assailants, John Penny lay dead today as combined law enforcement bodies sought those assailants. An arrest is expected in the near future.

Pink Slip Law Repeal Certain, Byrns Asserts

By United rress WASHINGTON, March 11.— Speaker Joseph W. Byrns predicted passage of the bill repealing income tax publicity by a “big vote" as the House convened today with the “pink slip” repeal measure the order of business. “I think it will pass by a big vote and a roll call may not be necessary,” Speaker Byrns said. Under the rule for consideration of the bill, a vote on passage was indicated by 4p. m. The rule provided for one hour debate on the measure, while another hour was provided for debate on the rule itself. POLICE MERIT BILL APPROVED BY HOUSE Measure Is Sent to McNutt for Signature. Advocates of a strict merit system for appointment of members of the state police force won a complete victory today when both houses of the General Assembly concurred in amendments to the state police bill and sent it to Gov. Paul V. McNutt for approval. Placing the force on a merit basis has been advocated by The Indianapolis Times, automobile clubs and scores of civic associations. The measure provides for the appointment of a bipartisan state police board and makes the superintendent directly responsible to the Governor, who may remove him at will. ROBINSON SR. MUST STAND KIDNAP TRIAL Nashville Man Loses Court Fight in Stoll Abduction. By United Press CINCINNATI. March 11. —The United States Circuit Court of Appeals ruled today that Thomas H. Robinson Sr., Nashville, must stand trial at Louisville, charged with implication in the kidnaping of Mrs. Alice Speed Stoll, wife of a wealthy Louisville oil man.

Natural Gas Is Monopoly, Probers Assert in Report Reduction of 5 Per Cent in Utlity Rates Would Equal 20 Per Cent Tax Cut, Investigators Say. Reduction of 5 per cent in utility rates would be equal in effect to a 20 per cent tax reduction in its effect on the general public, it was pointed out today in the final report of the legislative natural gas investigating committee.

The report, signed by the sixmember committee of the Senate and House, declares the evidence heard by it indicates the existence of a nation-wide monopoly controlling to a large extent the delivery and furnishing of natural gas. The report follows weeks of questioning by the committee of persons familiar with the natural gas situation and was prompted by the effort of the Users Gas Cos. to obtain a franchise in Marion County. “It is clear,” the report says, “that the persons ostensibly back of the Users Gas Cos. are not the real persons interested. Negatively, however, evidence to the committee indicates that neither the Columbia

B. T. U.? B. T. U. is the gas industry's abbreviation for British Thermal Units. B. T. U. really constitute the basis for determining the valuation of gas. B. T. U. content per cubic feet is the measure of quantity of heat. It is the yardstick in which the consumer should be most vitally interested. Consequently, 1000 cubic feet of 500 B. T. U. gas does the same job as 500 cubic feet of 1000 B. T. U. gas. Learn all about the varying B T. U. structure of gas in Indiana and the varying rates which are charged for this public utility in the series of articles, written by Vincent Lyons, Times Financial editor. First of the series will appear Wednesday.

SPECIAL SESSION NEEDED, M’NUTT TELLS ASSEMBLY

New Indiana Liquor Law Goes Into Effect Today; Lost Amendment Found 'Good Bill/ Is Assertion of the Rev. Morris Coers as L. E. York Hurls Charges of ‘Railroading’ at Leaders of Administration Forces. The state liquor control act was to go into effect this afternoon as soon as Gov. Paul V. McNutt affixes his signature to the measure which finally w-as passed late Saturday by the House of Representatives following a spectacular session of the Senate. The executive expected to sign the bill as soon as it reaches his desk from the Attorney General's office, where it was to be checked for errors.

RICHBERG SLUGS BACKATCRITICS Strikes Back, Asserting NRA Has Increased Labor’s Share in Wealth. By United Press WASHINGTON, March 11—Recovery Co-ordinator Donald R. Richberg struck back at NRA critics today, declaring proposals to abandon code operations on the theory of aiding small business “simply show an ignorance of what has been accomplished.” He defended the recovery agency’s operation and told the Senate Finance Committee “you will find that labor's share in the national income has increased under NRA.” Senator William E. Borah (R., Idaho) proposed to scrap all code provisions except minimum hours, maximum wages and prohibition of child labor. The suggestion prompted a bitter exchange betw-een Mr. Richberg and the veteran progressive Republican. “The codes themselves have provided real protection for small business/’ Mr. Richberg said. He agreed, however, that price-fixing should be eliminated from any new NRA setup. Mr. Richberg, in behalf of the Administration, opposed imposing upon industry rigid schedules for hours and wages. • “You can not devise any inflexible rule for industry that doesn’t do a multiplicity of injuries and hardships,” he said in response to a question by Senator Hugo L. Black (D„ Ala.), author of the 30-hour week bill. GOES MAD, KILLS NINE Senegalese Shoots and Slays Comrades, W’ounds Two Others. By United Press BEYROUTH, Syria, March 11.— A soldier suddenly went mad today and killed nine people and wounded two. The soldier, a Senegalese, shot and killed five of his comrades in the barracks dormitory, then rushed to the parade ground, where he killed four and seriously wounded two others before being captured.

Gas and Electric Cos. nor any of its subsidiaries, or the Kentucky Natural Gas Corp. is back of the Users Gas Cos.” The committee’s report suggested that the utility district of Indianapolis, in its efforts to acquire the Citizens Gas Cos., would find fruitful a study of the so-called “Philadelphia plan.” Effect of the committee’s investigation has been to bring the Federad Trade Commission into a probe of tha entire natural gas situation. Miles Furnas, former state Representative from Winchester and now a Federal Trade Commssion investigator, is at work on the case. Commendation of Ai.ty. Gen. Philip Lutz Jr. and his deputy, Joseph McNamara, is contained- in the report for their aid to the committee, along with the recommendation that attorney general institute suit if a continued investigation shows the Indiana laws being violated to any extent. Times Index Page Bridge 5 Broun 7 Comics 13 Crossword Puzzle 13 Curious World 13 Editorial 6 Financial 8 Hickman—Theaters 9 Junior Aviation 14 Napoleon's Letters 7 Pegler 7 Radio 11 Shooting School .............. 11 Sports 10-11 State News 2 Womans Pages 4 _ 5

En .red as Second-Class Matter at Postoffice, Indianapolis, Ind.

Search for a missing amendment ended today when it was found and incorporated in the bill which went to the Governor. Senateapproved, the amendment governed the expiration of all existing permits. Originally, the bill provided for expiration July 1, except in the case of beer importers, whose permits were to expire Nov. 15. As the bill now stands, all permits remain in force until Nov. 15. A staff of lawyers and clerks worked on the bill all day Sunday, placing in the original text the amendments adopted in both houses of the General Assembly during stormy sessions. “Railroaded,” Says York Meanwhile L. E. York, Indiana Anti-Saloon League superintendent, issued a statement declaring the “the most pernicious liquor measure enacted in many years.” “The bill was railroaded through both houses,” Mr. York charged, “under the crack of the whip of the liquor interests and the wet politicians.” Rep. Morris H. Coers (D., Indianapolis), chairman of the House Morals Committee, which handled the measure while it was in the lower house, bitterly denounced statements that he had “compromised or lined up with the liquor interests” in voting for the measure. “Any one who says that I did so has either misunderstood or lied,” he told the congregation of the Thirty-First Street Baptist Church, of which he is pastor. “Good Law,” Says Coers “I am a personal dry, but I realize that liquor is here and the only thing to do is try to control it. As a beer and liquor control measure the bill passed by the legislature will be a good law. Even the poorest law would be good if it were enforced,” he asserted. The measure provides for a fourmember bi-partisan state board to supervise enforcement of the law under the direction of the Alcoholic Beverages Administrator, Local boards of three members are provided for each county. The local boards will have power to recommend regarding permit applications. Roadhouses and night clubs outside the corporate limits of cities and incorporated towns are prohibited. No permits will be issued outside cities and incorporated towns except to clubs and hotels which meet statutory specifications. License System Retained Beer permits will be lawful in areas in close proximity to unincorporated towns. The triple license system has been retained. Out-of-state beer will be imported through 10 ports of entry. Indiana breweries will be limited to one for each 175.000 population. The state board, the administrator and his deputies will possess police power. Powers to issue search warrants in case of suspected violations also are granted. Hourly Temperatures 6 a. m 46 10 a. m 44 7a. m 45 11 a. m 44 Ba. m..... 44 12 (Noon).. 43 9a. m 44 Ip. m 42 Tomorrow’s sunrise, 6:01 a. m.; sunset, 5:49 p. m.

Political Rule Stifling Indiana Art, Says Painter Charges of Czarism Hurled at Museum Officials by E. E. Spenner; Regionalism Hybrid, He Cries. BY JOHN THOMPSON Times Slaff Writer Indiana art is politically controlled. It.is politically controlled to the extent that there is no representative Indiana art. It will continue to be politically controlled until the present system of selecting exhibits is abolished for a fair one. E. E. Spenner, Indianapolis artist, made these charges today in a personal attack on Museum officials, Modern Art and Grant Wood, lowa

artist, who blasted Indiana art when he was here several days ago to select the entries in the John Herron Museum current show of the works of Indiana artists. Mr. Spenner said that regionalism, the type of art Mr. Wood practices and sponsors, is not American art at all, but a hybrid of American art and European prt. Mr. Wood, on the contrary, said the regionalism was distinctively American and urged its general adoption for the express purpose of getting away from the European influence. Some local observers believe that it was because of Mr. Wood’s preoccupation with regionalism that a picture called “Negro Baptism,” painted in the regionalistic manner by Donald Mattison, director of the museum's art school, was adjudged

Social Security, Relief Legislation Must Be Taken Up Later, Governor Says in Final-Day Message. ‘NOTABLE RECORD’ IS COMMENDED Both Houses Forge Ahead, With Little Chance for Legislative Jam Delaying Closing Early Tonight. Congressional delay in adopting the Federal works relief and economic security program probably will necessitate the calling of a speck, 1 session of the 79th General Assembly, Gov. Paul V. McNutt today told members of the Legislature. The Governor appeared before a joint session of the assembly and complimented the members upon their outstanding accomplishments.

AUTO ACCIDENTS FATALTO TWO Anderson Woman Dies in Hospital Here: Toll Mounts to 27. The death of two women at St. Vincent’s Hospital, one yesterday morning and one early today, raised the number of persons injured fatally in auto accidents in Marion County this year to 27 today. Miss Florence Wilson, 26, Anderson, died early today of a skull fracture suffered yesterday afternoon when an auto, in which she was Zj / riding with two other young women from 1 Anderson crashed against the side of a bridge over Fall Creek at Keystone-av. Her companions, Miss Mary E. Hinshaw, 29, and Miss Dorothy Hicks, 27, are being treated for head injuries at St. Vincent’s Hospital. Mrs. Anna Maney, 67, of 810 N. Oxford-st, died yesterday morning at St. Vincent’s of injuries suffered last Tuesday when she was struck by an auto driven by Gale Dukwall, 26, Noblesville, at Rural and North-sts. Witnesses said that Mrs. Maney, walking with her head down, stepped into the side of the car. Two men miraculously escaped serious injury Saturday night when the auto in which they were riding on State Road 67, near Ft. Benjamin Harrison, struck two utility poles, recrossed the pa 'ement and skidded 200 feet into a fieldBAN oFhEART BALM SUITS BECOMES LAW Governor Signs Bill in Presence of Rep. Nicholson, The bill of Rep. Roberta West Nicholson (D., Indianapolis), outlawing extortionate suits for breach of promise, alienation of affections and seduction, today became the law of Indiana.

MARLENE’S TEA New York society events will be described in anew series of articles by Helen Worden, special writer, the first of which appears today on Page 5 cf The Times. A tea given by Marlene Dietrich, film star, is described in the first article. Miss Worden will write several times weekly, and once ’ each week she will relate the doings of Hoosiers in New York.

the winner of the Art Association prize of $l5O. This, Mr. Spenner said, was an ideal example of the manner in which the present political system of selecting exhibits resulted in a “prostitution of younger Indiana artists, evident in the current Indiana Artists Exhibition.” Mr. Wood and Henry George Keller, Cleveland, were judges of the show, selected by Wilbur D. Peat, museum director, who, in turn, has been selected by other museum directors as an art jurist for shows in other regions. “The present Indiana exhibition is no more Indiana art than a Parisian garret,” Mr. Spenner said, "Because midwestem artists are being made to paint for juries picked by school and museum authorities who are lop-sidedly modern.”

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j Meanwhile both houses I forged ahead in an effort to establish a legislative precedent by bringing the final day to a close early tonight. There is no legislative jam and only a handful of important bills awaited action when the session reconvened. “Social security and relief art themselves matters of great consequence,” Gov. McNutt told the assembly. “They directly involve other matters of equal importance such as tha raising of additional revenue, equalization of the necessary tax burden, creation of an integrated department of public welfare and adjustments of local governmental functions. “Any attempt on your part to solve these problems without knowledge of the precise requirements of the Federal program would have been nothing more than a blind guess,” the Governor declared. Urges Study of Report “These are days for clear thinking and not days for confused conjecturing. Your practical and com-mon-sense postponement of action on these matters deserves the commendation of all thoughtful citizens.” The Governor recommended a careful study during the recess of the report of his Commission on Governmental Economy which had recommended sweeping changes in the structure and powers of local and state government in the interests of economy. “I earnestly recommend a painstaking examination of the needs, tax levies and assessments of all governmental units and a thorough study of the report of the committee,” the Governor said. “Action must be based on the facts as they are and not as they are painted by the propagandists and articulate minorities,” the Governor warned. Commends “Notable Record” The executive then reviewed and commended the “notable record made by this General Assembly. “I should like to do this,” tha Governor said, “rather than to leave the appraisal to what is, for j the most part, a bitterly hostile and I obviously unfair press, but time does I not permit more than mere menj tion of a few of your outstanding accomplishments. These accomplishments, he said, were: A balanced budget based on economy and sufficient to meet present needs without increasing the tax burden. By a series of local budget bills, additional savings of $4,000,000. ‘Blazes Trail for Nation’ “You have written the Magna Charta for the poor man, who is compelled to buy on the installment plan, and have marked the course in this regard for every state in the Union. In this you are first.” The rural electrification plan means a “new freedom for the farmers of Indiana. In thus you are first.” Enactment of the model insurance code. Revision of the state financial inA stitutions act gives the state the most “comprehensive state banking act on the statute books.” “You have put the stamp of disapproval on legalized gambling. “You have abolished the roadhouse and provided a rigid, effective, non-partisan system of liquor control. “You have strengthened the agencies for the administration of crim* inal as well as civil justice. “By your recent action you have put teeth in the Securities Act. Conservation Acts Lauded “You have made possible the development, protection and restoration of our natural resources by a series of notable conservation acts and have fostered a state plan. “You have upheld the banner of public educr n. “You have .one your part in the abolition of i lild labor. “All these are landmarks on the path you have the vision to see and the courage to follow. I count it a high privelege to have been your comrade on the journey which you complete this day.” Burglars Loot Market Knocking out a panel In the wall, burglars early today stole approximately SIOO from the Landis . Market, 1901 Lexington-av.