Indianapolis Times, Volume 47, Number 196, Indianapolis, Marion County, 25 October 1935 — Page 4

PAGE 4

THRIFT SOLVES SECURITY BEST, BANKER SAYS Savings and Loan League Hears Address by National Leader. No social security legislation can give a family the kind of security for the future which its own practice of thrift can assure, I. Friedlander, of Houston, Tex., and United States Building and Loan League president, told members of the Indiana Savings and Loan League in convention today at the Severin. Mr. Friedlander pointed out that there is a sharp differentiation between national security based on a subsistence level and individual security based on American standards of living. Support of the Federal Housing Administration to private lending was pledged convention members earlier today by R. Earl Peters, FHA state director. “The government, through the FHA, says to the lending institutions of America, ‘lf you will advance credit on acceptable residential property to qualified borrowers we will, in the event of default, accept the property from you and give you in return 3 per cent government guaranteed debentures,’ ” Mr. Peters said. Indiana lending agencies have loaned more than $3,250,000 in character loans under the housing act for repair, modernization and improvement of bulidings, Mr. Peters said. Ultimate Aim Stated Mr. Peters said that underlying objectives of the FHA included the building up of the private lending business so that eventually the government would be doing business,

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not with the Individual borrower, but with the lending institution. Election of officers is to be held today at the final convention session. Morton Bodftsh, executive vice president, was to speak this afternoon on “Highlights of the Present and Future of Our Industry.” At the first talk on tip tion program yesterday, Leo Welch, state League president, said that state building and loan associations supplied $3,905,000 to Indiana home owners from Jan. 1 to Sept. 1, and commented on the upturn of respect for home owming among Indiana citizens. Fred T. Greens, Indianapolis Federal Home Loan Bank president, spoke before the yesterday afternoon session on “Home Loan Bank,” and remarked upon the trend toward increased business as reflected in his department. T A. Lowery, Chicago, spoke at the annual convention banquet last night at the Severin. •NO KID WITHOUT TOY,’ IS SLOGAN OF FIREMEN Princeton Department Repairs Playthings for Christmas Gifts. By Timm Special PRINCETON, Ind„ Oct. 25.—1 t is 61 days to Christmas, but the local fire department already is preparing to help Santa with his manifold duties. Broken and discarded toys, piling up rapidly in a back room at the fire headquarters, are being repaired for anew lease on life. Dozens have been painted, remodeled and otherwise restored to usefulness. The firemen, obviously enjoying the labor, have proclaimed as thei* motto, “No kid without a toy this year.”

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TRAFFIC CODE REVISION ASKED BY CITYCLERK Official Declares Law Plan Be Found Now Only by Long Search. Because Daniel J. O'Neill, city clerk, gets tired of carrying a small library' to court every time there is a dispute in a traffic case, and because no one seems to know just what the city traffic code is, the Safety Board hopes to recodify the motor ordinances. Work is being delayed at present, Theodore H. Dammeyer, board president, admits because officials are not in complete agreement. There is talk of making all minor violators appear in court, instead of paying a small fine at the police traffic office. Chief Morrissey wants the owner held responsible in all traffic cases whether he had loaned his car to a friend or not. “I also think the tow-in ordinance ought to be revived, if the city can get adequate parking space,” he added. “We w’ill have less over-

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time and double ’parking If people know they have to go to a garage to redeem their car." The motivating force behind the recodiflcation move is coming from Mr. O'Neill, He admits he is tired of spending hours every day looking through records to find just what the law is, and Mr. Dammeyer agrees w’ith him. “If we simplify the code it will be easier for people to know when they are violating the law,” Mr. Dammeyer said. “This is going to be a big job, though. It will take us about six months to finish it.” CUMBERLAND CHURCH TO HOLD CELEBRATION \ - - Evangelical Congregation to Observe Three Events Sunday. St. John Evangelical Congregation, Cumberland, will observe Home-Coming, Founders’ Day and the congregation’s eightieth anniversary at a triple celebration Sunday. At the morning service, at 10, special gifts and memorials will be dedicated. The Rev, F. P. Puhlmann, pastor, will preach the anniversary sermon. The Rev. Henry Held will preach at the evening service at 7. Following this there will be a social and fellowship hour in the church parlors to which all former congregation members are invited.

INSTITUTE IS ARRANGED Directors of W. C. T. U. to Meet at Y. W. C. A. at 9:30 Monday. Marion County and local directors of the W. C. T. U. are to meet Monday at 9:30 in the Y. W. C. A. in the

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“plan of work” Institute. At a recent meeting Mrs. Grace Lahr was elected president of the county board of directors: Mrs. Charles Eland, secretary, and Mrs. Epha Johnson, treasurer. Following the luncheon at the Y. W. C. A. the regular board meeting is to be held.

PLAN JOINT MEETING Indianapolis, Ohio Theosophists to Assemble Sunday. A joint meeting of Indianapolis Theosophists and the Ohio Federa-

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OCT. 25, 1935

tion of Theosophists is io be held at 2 Sunday in the D. A. R. chapter house, 824 N. Pennsylvania-st. James S. Perkins Jr., Cincinnati, Ohio federation president, is to spealc on “Fate and Freedom.”