Indianapolis Times, Volume 47, Number 220, Indianapolis, Marion County, 22 November 1935 — Page 14

PAGE 14

FEDERAL RULE OF LAND BANKS HIT AT PARLEY Return to Old Setup Urged by Leader of Indiana Farm Loan Group. Drmand that control of Federal Land Banks be returned to the local associations as was originally intended by the farm loan act was voiced ioday by President Joseph T. Day, Anderson, in opening the annual session of secretary-treasurers and directors of the National Farm Loan Associations of Indiana at the Clay pool. Recalling that the associations' representation on the board of directors of the land banks have been redured from nine to one, Mr. Day charged that land bank sv.tem is losing its identity as a co-opera-tive venture and is in danger of being taken over entirely by the Federal government and operated like the postoffices. Local associations are the owners of the banks but have little or no voice in their management, he complained. Reps. W. H. Larrabee and Finly Gray also were scheduled to speak. Action was expected during the day on a resolution favoring the calling of a special session by Gov. McNutt providing tax laws which would "ease the burden on home owners and impoverished agriculture" would be considered. The upward trend of governmental costs is condemned in the same resolution and is blamed for the "alarming increase of taxation." Reviews History of Bank "In the beginning a board of nine ! directors managed affairs of the Federal Land Bank,” Mr. Day said. "Os this number six were elected by the stockholders of the local asso-; riations and the other three ap- | pointed by the Farm Loan Board of | Washington. Asa means of provid- j ing for co-operation and joint re- j sponsibility this arrangement was j entirely satisfactory to the stock- i holders and did not lend itself to easy manipulations by politicians j and job hunters. "From this position of authority j stockholders have since been jock-! eyed and juggled until all semblance of co-operative management is lost. From a board of nine directors we ; now have seven and of these the | Federal Land Bank stockholders have left the exalted, munificent privilege of electing one director. One director in seven is small com- s fort. How the mighty have fallen, j and the spirit of co-operation be- ; comes a forgotten outcast.” Held Position IS Years At another point he said "From the evidence at hand I am forced to the conclusion that the | Federal Land Bank has become an i unconscious but willing victim of j that insidious, malignant growth of lust for power, under the delusion that increase of authority, even at j the expense of the local associations will operate for the good and wel- ! fare of the Farm Loan System." Mr. Day has been secretary-treas-urrr of the Madison County Farm Loan Association 18 years. Curtis C. Hendren, Anderson, sec-retary-treasurer of the Green Conn- j tv Farm Loan Association, is feder- I at ion secretary.

11 ■■" Out of the High Rent District” n ßourid-the-World ,f Stewarf-Warner i Radio All Newest Features IRA l.ong Wave Police Calls 1 J nPr hH Dynamic Speaker for Perfect Reception. fill II 50 NO Carrying Charge Stewart-Warner Radios, 524.50 to $250.00 ■■ XI ■ mm Bring the Kiddies Saturday! Ur l H IW G A Gift \^ r —Walnut Finished END TABLE \ ! ! 3 Until Sold — Only—i k. ■ 9 ( • °- D ’ s ■■ i I O Layaways S E O Phone Orders C ''OAAAA, . B 0 Interest _ J ™ Carrying Charge

UNIQUE ‘SHOW’ GIVEN FOR LOCAL AUTO MEN Novel School of Instruction Held for Ford Dealers. One group of Indianapolis auto service men went about their du'ies today with new precision and method, the result of a novel school of instruction. Ford dealers and service men formed the "auaience” yesterday when a dramatic .‘-ketch was presented at the Indianapolis branch plant. Wrong and right methods were demonstrated by the “actors," all Ford employes. Guests at the unique production were members of the Ford overseas organization.

Crown Offers These Unusual Values ill Double-Head CAMEO Bulova “Miss America” T Tyr .o\ - 5 flVs;\ JY IIN VJ let Other models In vel- 0 / ILLI [ ] V gold up 1 wfjjp IjjlylR 5 Wrist Watches A Save on these smart C(■ Q g I sturdy watches. Several y J w '• / styles lor the lady or t gSae&Va. 45c DOWN—SOc A WEEK T.)C Dowm ‘Honeymoon Combination’ SELECT A HAMILTON Think of It! A 17-Jewel ,% gjmm m _ **•, "Z sT7l® A'y' ladies or gents in yellow q J I /vTx^ SI.OO A WEEK 51.00 a week BOTH RINGS FORONLY -d /v Combining style, quality, beauty., value; \ I ft ft / ’ , *' a,uon d s i" each of these exquisite “ 9 45c Down—soc a Week **■ * ,r * CROWN * sps sns, taJA™ JEWELRY CO. ladies at a low price. 50c DOWN—SOc A WEEK 111 2! South Illinois St.

FEDERAL UNITS' j HEADS TO MEET State-Wide Co-Ordination Session Announced for Next Monday. A state-wide co-ordination meeting of Indiana Federal agency heads has been announced for Monday by Clarence Manion. National

. THE INDIANAPOLIS TIMES

Emergency Council director for Indiana. Mr. Manion said the meeting has been called by Frank Walker, NEC executive director, and that several Federal officials from Washington would be present to hear the reports on progress of the Federal program in Indiana. The Indiana congressional delegation and all Indiana mayors have been invited to attend. There are to be approximately 45 speakers. A series of charts is being prepared by the agency heads to show what Indiana has done. Exhibits will include several from Goshen and Tippecanoe County, selected as the "model" city and county on the j basis of community improvements undertaken with Federal aid.

bhi Nothing os Good at Ang Price/ iISSk made for Inew invention CORNS Every trace of pain Is W arts ended almost Ins tan tly capt padvp with rhese new, soft, pH—cSL 1 m k Bb,e adhesive plaster felt Shoe Pinches dg or mo ' ney back CALLOUSES t ßed hy foot doctors. Heel Pains Surer,quicker,morecomplete relief has never been vi iin . known before. You enjoy Heel Blisters perfect comfort while the L——————l separate medicated tabs quickly, painlessly and safely remove your corns. No matter what you have tried or use, see how much better Dr. Keyes Pads and Tabs are. A recent invention makes their sensational value possible. 12 Pads and 16 Tabs in each package sells for 10c. McCRORY’S

THE TIMES SECOND ANNUAL RED TAG SALE See Tomorrow's Paper •

What'll It Be Men? Look These Over! A " W “^ ipper JACKETS SHIRTS GLOVES • Anniversary Special! 9 Guaranteed Fast Colors • Anniversary Special! - Plain colors, Fine quality 22-oz. jacket. Has solid whites Jr capeskingloves, adjustable band 0 CQ and n0 v e ' -k well made, g . , , XT " f .Od patterns. Full W J *f C warmly lined. M C bottom. Navy Ww cut. Sizes 14 to Black and ■ blue! Handy zip- 17! brown! per closing. “Topflight" Shirts QQ Men’s PAJAMAS QQ Rubberized Jackets t% go 510 KSoOC Suede, fleece lined, water- g proof. Zipper do S ,n S :— 6. FUR FELT HATS 4 qg Warm PAJAMAS QQ Corduroy COSTS go Sheepskin lined. Navv! w Warm, shawl collar! WOOL JACKETS gg Meil’S UtliOtl SllitS SUN Zipper style, with sports si/ns 36 to 46 V • Short or'Long Sleeves! Leatherette COATS gg Ankle length! Ecru ribbed. Warm, sheepskin lined! w w 0 , ... m M G // Large collar, 4 pockets. U Snug fitting and with new WMk Cossack JACKETS Aqo n , , , naJv Z b?Jpr front! A11 ’ wool; ID c /o Wool Heavy Cotton Overall jackets + A q Union Suits Union Suits “Oxhide" brand. 25% wool 1 •*** an ; n and SP J \ np f\(% blanket lined! | knit - bnu & Uka ne u dle kmt.U X P EMU * . ....,,, i Work SHIRTS ■■ Fine, smooth calf leathers. Shoes are made with leather counters, insoles, heel seats and toe boxes! Sizes*6 to 11! 0w ® ~W ork Shoes give*super-service^ Sizes For Outside Wear! e l| .98 ; 11 Jt W Yes sir, there’s plenty of wear in these shoes. Sizes to Husking GLOVES 4 jg —] 8-oz. double thumb husking gloves at 1 v nl-1 Ur Bull Io A qq< genuine savings! ■ Doz. Oil treated uppers, damp- / X - NL proof soles. Sizes 6 to 11! " m Men’s Work Pants $1 work~rubbers -TTn Durable, well made of gray covert cloth I WUKf\ | .lUj and moleskins! 1 rubber. All sizes. I | PENNEY’S—Street Floor. T 2 PENNEY S—Downstairs Store. || f[ E

NOV. 22, 1935