Indianapolis Times, Indianapolis, Marion County, 9 July 1936 — Page 13

ECUADOR-PERL ACTION HAILED

BY ROOSEVELT

Decision to Submit Dispute for Arbitration Seen Conference Aid.

By United Press WASHINGTON, July 9.—Decision of Ecuador and Peru -to hasten peaceful settlement of their boundary dispute was hailed today by President Roosevelt as promising success of the forthcoming InterAmerican Peace Conference. The ambassador of Peru and the minister of Ecuador informed Mr. Roosevelt, who has consented to serve as arbitrator, that the nature of arbitration has been agreed upon and that conversations will begin in Washington, Sept. 30. The President issued the following statement: “On Feb. 6, 1934, I consented to serve as arbitrator in the boundary dispute between the Republic of Ecuador and the Republic of Peru in accordance with the terms of the Ponce-Castro Oyanguren protocol concluded between those two countries in 1924, which provided that if the two governments were unable to fix a definite line through direct negotiation, the line upon which : they could not agree should be submitted to the arbitral decision of the President of tne United States. “I have been particularly glad to receive, today, the visit of the ambassador of Peru and the minister of Ecuador, who have officially advised me that the nature of the arbitration has now been agreed upon by the two governments through a further protocol signed on July 6, last, which also provides that the delegations of the respective countries will commence their final ne-

wins

Services for Lieut. George Ream, (above), a city fireman who died last night after being overcome while fighting a grass fire, are to be held at 1:30 p. m. Saturday.

4 FIREMEN ARE BURNED

2 Vincennes Men in Serious Condition After Blast, Times Special VINCENNES, Ind., July 9.— An exploding county gasoline truck yesterday burned four firemen, two severely.. . Severely burned were Orin Rogers and Walter Andrews. Dewey Shepard and Sam Hite were less seriously burned.

gotiations in Washington on Sept. 30, next. “This decision of these two great republics to hasten the peaceful adjudication of this long-continuing controversy will be regarded as a motive for encouragement and gratitude by all lovers of peace on the American continent. It will do much to insure the success of the deliberations of the 21 American republics at the approaching InterAmerican Peace Conference.”

[HALF OF BONUS

BONDS CASHED,

REPORT SHOWS

in Two |

Local Veterans Weeks Get Over 15 Million Dollars in Money.

BY RUTH FINNEY \ Times Special Writer \ WASHINGTON, July 9.—Half the veterans who received bonus bongs had turned them into cash at the close of business last July 3 it was

learned at the Treasury today. On that date, $1,738,503,000 in bonds had been issued and of these $970,140,550 had been redeemed. The Treasury figure on redemptions was made up from reports of 243 “paying postmasters,” designated as fiscal ‘agents of the Treasury, who report here by wire. The peak of cash conyersions in most cities occurred in the week ended June 20, according to the postmasters’ reports, although there were some notable exceptions. - In Indianapolis,” redemptions amounted to $4,168,850 in that week and $11,473,300 in the week ended June 27. Federal officials have no information about the uses being made of bonus money. However, a survey made here by the Washington News revealed no indication of a spending spree. A few real estate companies reported sale of homes to veterans, and others had noted payment of back rent... Some automobile firms were doing more business; others had noticed no improvement. Refrigerator sales were up, radio salesmen had seen no change. Banks had seen no appreciable rise in de-

posits.

FEATURED in the JULY SALES at the DOWNSTAIRS STORE

Elsie Janis, actress, writer and “Sweetheart of the A. E. 'F.” has announced a new -role—that of “Lady Bountiful.” Urged on by “divine inspiration,” Miss Janis said,. she has decided to auction off all her worldly possessions, including the historic Philipse Manor House in North Tarrytown, N. Y. and devote her life to charitable work among the needy and war veterans in gov‘ernment hospitals.

STATE PARTY TO MEET

Socialists to Outline Campaign at. - Rally Tonight. . The Socialist Party of Indiana is fo outline 1936 campaign plans at an. open-air rally scheduled tonight at English-av and Shelby -st: Speakers include Eugene Grueling, of the Young People's Socialist League; Robert L. Birchman, party organizer; Cecil Allen, and Roy Lancaster, "indiana executive secretary.

Exactly as Pictured

TERMS as Low

A Small Deposit will

group or |

Nold for Future

separate pieces

Statewide Delivery Without Additional Charge:

Dining Room Pictured Left

- @8-Piece Suite — Buffet, refectory table, one arm chair and

five side chairs genuine oak.

=~ 09x12 rug.

Complete Room

Modern Kitchen ® Table-top model gas range

® Roomy kitchen cabinet ® Porcelain-top kitchen table

® Metal kitchen chair

Soup ten, $33 4

‘69

TERMS AS LOW FREER IET A 3

» a 1 0-piece : 28 Living Room Pictured Above ® Sofa @® Lounge Chair @® Occasional Chair @ 9x12 Rug

@® Occasional Table

® Coffee Table Complete ® Floor Lamp Room

@® End Table 4 i 8

@® Table Lamp @® Bridge Lass

PRICE INCREASE 1S PREDICTED =

| | the cost of living,” he told*the “| derwriters yesterday at the Indian-

‘has not beer an even greater in-

President of Underwriters Says Recovery will ~" Send Up Costs.

Further increases in the cost of

S. 8S. Huebner, Philadelphia economist and American College of Life Underwriters president.

real upward spurt in business will result in a 100 per cent increase. in

dianapolis Association of Life Underwriters and Chartered Life Un-

apolis Athletic Club. “The chief reasons there already

crease in costs is lack of confidence which continues to hold back’ capital,” he said. “Basic factors are present for the beginning of a period of real prosperity, if capital can, be encouraged to take risks. We need not fewer but more speculations,” he stated. Discussing the Social] Securi Act, - Dr. Huebner described tHe tendency for a large section of-the

living are inevitable with the ad- ing J vance of recovery, according to Dr.

“It is not unlikely that the first |

¢be one ‘of the key or solving unemployment,

MODERNIZATION LOANS

May. Total of $8,047,833 Is New High, FHA Official Says: Modesnization credit loans in Indiana jumped to a riew high dur-

330 loans, Tom McConnell, associate state director of the Federal Housing Administration announced today. . Of these loans, 4144 were made to borrowers in Marion County, Mr. Mesennel] said.. Valuation- amounted to $1,193,078.

crease of $69,729 over those for

April, - brimging- the . Indianapolis FHA office to, eleventh place in

volume of business done RToughout the nation.\

LANDON) AID DUE ‘HERE

ing Here July 28.

manager for Gov. Alf M. Landon; Republican nominee for the -presi-

an organization meeting at Repub-

public to depend on government

subsidy. "He said there always will

. cuaemuont v

aov™* cost

ayIT®

houswintl

ORSON’S:

WE OR" er

lican headquarters July 28, it -was announced today. ;

2.6937

e' 3av~ greet”

ny 3,

IN-STATE SHOW GAIN

May, totaling $8,047,833 for 27,-|

The May figures represent an in-

Hamilton to Attend G. o. P. Meet-

John D. M. Hamilton, campaign |}

e | dency, is to be in Indianapolis for |

R ~ FROM BUSINESS/|

tempt to commit on a S-year-old girl.

RUGS and LINOLEUM

9x12 Felt Base RUGS $4) .95

‘—Suitable for kitchen, bath, bedroom and dining room — While they

‘In th

last. 9x12 WOOL FACED ‘ceptions service Orly “to sell at Will cover the average bath room or kitchenette: Bring your measurements. Hoe RELIABLE

Rug : Hy 4h this low price. ROOM SIZE LINOLEUM REMNANTS 203 East Washington st. SE

$1 ii

ORK STORE| ETIRING |

40.

Tomorrow this great ‘sale begins! Here is the chance of a lifetime! Values that are positively startling! Besides, this sensational purchase

We're Including Our Own Stock in This Sale

Here Are Some of The Wonderful Values!

Hundreds of other astounding bargains, too numerous to mention

here,

Sale Starts at 8:3 0A. M. Friday!

6.95. winter limited.

styles.

tailored styles.

Regalasly sold at Orton's Hor 12.95 to ue.

SILK DRESSES

Formerly sold from 2.95 to Summer, spring and Quantities

MILLINERY

LINEN SUITS

Plaid linen swaggers and, white

SUMMER BLOUSES

49: . $159

ele?

‘Formerly sold up to 12. 95. Spring and summer “styles. ited. :

14 Spring sad Autumn Coats

JERE

\TS and SUITS

5295 | 3 3¢

$ 95 '$700

Quantities lim- A

Knee Length Hose

Pure silk chiffons. First quality, =~

300 DRESSES.

reduced and cottons 2 to 20, 38 to 4“.

Actually sold from bi