Indianapolis Times, Indianapolis, Marion County, 30 October 1936 — Page 17

BUSINESS LOANS, SLOW TO RISE BANKERS TOLD

GOOD D VALUES. ON LONG TIME CRE

LOVELY OAAOND

One and All That Roosevelt will Win Agin i Bars fo following coun ~ | Dearborn, Decatur, Payette, Frank- |

lin, ‘monthly | Ripley, Rush, Shelby, 8

th making of

by States, yh Says, : Is Too Conservative.

BY ARCH STEINEL Charles. C. Pettijohn is in town again. And he’s right on schedule, "generally can expect him just “about the time the presidential election rolls around.

Mr. Pettijohn, who \s general counsel for the Motion Picture Producers and Distributors of America, Inc, is back to shake hands, do some “politicking,” and $0 forecast that Indiana will remain in the Democratic column. Hels a former Indianapolis resident who still boasts of many friends here, a blue polka-dot shirt of the design and between knocks on his room door in the Claypool Hotel, he listed President Roosevelt fs a certain winner, converted the Negro waiter who served his dinner to the Roosevelt banner, regited campaign anecdoles and told of the days when he was city pros- | ecutor. A “Tom Taggart Democrat,” he was state secretary of the party under the veteran Hoosier politician— Mr. Pettijohn, placed Roosevelt's electoral vote at 335, Landon's 102, with 94 votes doubtful. He admitted | he missed the 1932 election prognos-

i tication by one state.

He listed Massachusetts,

York and North Dakota as doubtful. Displays Farley Letter

He displayed a letter from James Farley, Democratic national chairman, which termed his election predictions as “somewhat conservative.” His visit, which occurs at least

You |

Nebras- | ka, New Jersey, New Mexico, New |

C." J. Pettijohn

State, Louisiana reve

Maryland Michigan

Minnesota Mississippi . Missou

every presidential election, was on |x

behalf of the Democratic ticket.

If urged, he will tell of his In-| Ne

diana political ventures, which includes charges by his Gi O. P. eIriends that with a single load of watermelons he swung eight Negro precincts to the Democratic Party in 1928.

A visit to Europe, where he had

his picture taken with Mussolini |;

and talked with Mrs. Wallis Simpson, gave Mr. Pettijohn the background for his arguments in favor of President Roosevelt.

Europe Gave Background

He said that in Europe the “gap between those who have and those who have not is too wide.” “Our President knows people,” he

N. Carolina .

fo) Oklahoma ‘ee Oregon ...... Ben nayivania. Fhode Island 8. Carolina .. 8. Dakota ... Tennessee ...

“ee . 0s vo. N00: OID: - On

Wisconsin .... Wyoming ....

ED “102 To HANDICAPPED GROUP MEETS

The second organization meeting of the Marion County Society for

[the Physically Handicapped was to

Democratic Republican Doubtful Employment Service office, 30 Vir-|ent when C.

| Small Prospect for Commer-

cial Paper in Good Volume, Chicagoan Says.

Times Special SHELBYVILLE, Ind. Oct. 30. se Commercial ‘loans are not expand- | ing as rapidly as the present Jevel | of business formerly would have called for, T. L. Walsh, Standard Statistics Co., Inc., of Chicago, told Region 5 bankers of the state association at their annual meeting here today. He said that while some banks had experienced an increase in a demand for loans ‘locally, that on the whole there seemed to be little prospect of street loans and commercial ‘paper being available at

any time in the near future in suffi- |

cient volume to support a reasonable rate of interest. “The Federal government has ev reason to sponsor low interest rates for some time to come and the central bank authorities have given us their frank statements that an easy money: policy will be pursued indefinitely.” He declared that the supply. of and demand for money was changing constantly and that interest rates and bond priceg not only were: affected thereby but were themselves part of the machinery for i bringing supply and demand into line with each other.

1 More than 200 bankers, directors,

employes and their wives were presE. Harrison, Union

ginia-av. The society has become a | Trust Co. of Greensburg president charter member of the National Re-| and region president, called the habilitation Association, which is|meeting to order.

engaged in a program of vocational

adjustment.

Problems facing Indiana ‘bankers were discussed by C. B. Enlow, Na- |

The med for Snlon and Wayne.

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~ continued. “He understands pres- pe held today in the Indiana State Nu ent world-wide problems. The un- en ppy conditions I saw in Europe | . will not come to pass here. He has kept the gap between those who | Saturday Nite Sale have and those who have not from | 7 to 9 P. M. Only

&

. becoming dangerously wide.” . His electoral college tabulation, |

~ state by state, follows: Dtmacratie Republican Doubtful

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