Indianapolis Times, Indianapolis, Marion County, 7 May 1937 — Page 11

11938 Convention Site | Still

cials said. 1Gary was chairman, was adopted at

Congress to abolish Postal Savings

Indiana Department of Banking In|stitutions and to

-| association yesterday, succeeding C.

: Currency, yesterday's final speaker,

ET

FRIDAY, MAY.7, 1937

STATE BANKERS CLOSE TWO-DAY

|

SESSION HERE

| |

To Be Chosen by | Council. on

(Photo, Page 43)

Selection of the 1938 convention site was one of the fe remnants of ‘unfinished business left|on the books of the| Indiana Bankers’ Association today, after the close of their twoday meeting yesterday afternoon, The | governing council will select the site, probably next month; offi-

The [report of the resolutions committee, of which W. W. Gasser of

the closing session yesterday. Among the resolutions was one petitioning

on the grounds that it is a competition to banking. Another resolution asked | Congress to repeal the existing law that requires nonmember banks of $1,000.000 or more capitalization to become | members of the Federal Reserve| by 1942 in order to retain membeyship in. the Federal Deposit Insurance Corp.

. Ask Pension Exemption Another asked that Congress act favorably on an amendment to the Social] Security Act, now pending in the Senate, granting exemption from the operations of the Social Security Act to all approved private pension plans, particularly [those operated by banking institutions. | Appreciation was expressed to the

the Controller of Currency for not chartering new banks in Indiana cities where the present banking facilities | were deemed adequate. F. W. Van Antwerp, president of the First Bank & Trust Co., South Bend,| was elected president of the

B. Enjow, Evansville. Mr, Van Antwerp ‘had been: vice president of the group for the past year.|

' Other Officers Chosen |

Other officers elected yesterday included Robert H. Myers, Muncie, vice president, and Glen Buazick, Fowler, treasurer. | J. F. OConnor,

controller of

praised the banking record of Indianals financial institutions and said that they “compared favorably with the records of the national banks| of the entire nation.” “With 126 less national banks in Indiana on Dec. 31, 1935, than there were in 1923, the national bank deposits| stood at the highest paint in the history of the national banking system in the State.” Mr. O'Connor said.

SOVIET MAY BUY U. S. WARSHIP PARTS

By Unjted Press WASHINGTON, May 7. — The Soviet Union may soon start buying battleships in pieces, knocked down like summer. bungalows, shippad in packing cases by American manufactuilers, and assembled on foreign soil. | i Enactment of [the new neutrality legislation made possible the application of such ultra-modern merchandising methods to the implements of war. Nowhere does the Jaw prohibit the sales of parts, as proposed, for 35,000-ton battleships, io be created and sent by, cargo teamer to the Soviet Union. |

South-Side-Furn.-Co.

932-934 S. Meridian St.

Sad—But True

Tomorrow, Saturday, May 8th, is the last day of our .20th Anniversary Sale. |

Some of the | Last Day Specials | Listed Below

Bridge Junior & Table Lamp OUTFIT.

South-Side-Furn.-Co.

932-934 S. Meridian St.

This condition is heading rapidly toward the strike stage. Charges Men Are Beaten The intensity of this situation is shown by C. I. O. chrages that company union men at the Weirton plant in West Virginia are beating up men wearing C. I. O. buttons. Another

Hoheymoon Created by Court for Labor, Industry Seems Ended

Times Special ., » 2 i WASHINGTON, May T.—The labor-industry honeymoon created in | powerful independent, Republic, has some quarters by the Supreme Court's. Wagner act decisions is over, for | been charged by the C. I. O. With much of American industry and labor. | violation of the Wagner act in Ohio. Developments today make it clear that— The outstanding recent develop- . 1. Many employers will continue to resist union contracts, which | ment of the A. F. of L.-C. 1 O. conthe unions regard as the only logical end of collective bargaining. troversy is probably that prvolving 2.-The A. F. L.-C. I. O. battle has been intensified by the Supreme | the 40,000 employees of he Op Court rulings, ana some employers dated Edison Co., big NY or ee y are trying to use it to head-off wage electric company. Tganizasion increases. work by the C. I. O., according to The field of battle h d with | (ract” as a preliminary to collective reports here, was met by the mane field of battle has spread With | },5 gaining with the C. I. O. steel | agement with recognition of an great rapidity, but a few typical eX- [ynion. In this for once the inde- | A. F. of L. craft union, the Brotheramples among. the many new con- | pendents are refusing to, follow the | hood of Electrical Workers. flicts give a cross-section of the.1937|lead of the U. S. Steel Corp., which| A situation in South Plainfield, N. trend in industrial conflict. has signed contracts, as have sev-|J, now before the National Labor One is the refusal of the big inde-| eral score other steel companies.’

pendent companies to sign contracts, and their insistence upon “no con-

Board in a test case carries this A.

THE INDIANAPOLIS TIMES

F. of L.-employer co-operation even further. There the organization work of the C. I. O.'s United Electrical Workers in the ‘plant of the Condenser Corp. .of America was followed by discharges of union leaders in December and January. On Jan. 18, the C. I. O. charged, the company set-up a company union. On Feb. 19 the company signed a closed-shop contract with the A. F. of L.'s electrical union.

Pledges Are Exchanged

This contract carries a clause pledging the men not to engage in strikes, sit-downs, slow-ups or sympathy strikes, and the company not to engage in lockouts. In the huge Westinghouse electrical manufacturing plants, employing 47,000 persons, the C. I. O.’s organizing drive has nearly reached the point of an election. The C. I. O. is reported so far ahead of the

A. PF. of L. union here that the older union may not even contest, | ‘On the great Los Angeles water aqueduct project, an A. F. of L. union signed up with a contractor after a C. I. O. union struck. United Garment Workers have been reported in plants struck by the C. I. O. needle-trades unions. The Los Angeles strike of movie technicians discloses a

trying to woo the striking A. F. of L. unions by joining in their, movie boycott plea. Meanwhile the A. F. of L itself| has | been cold to the demand for boyi cott support. lL Meanwhile the Progressive Miners, i who seceded years ago -from John L. Lewis’ taking over southern Illinois mines, announced that the A. F. of L. had offered them a charter. This action is similar to the grant of four A.

different | situation, in which the C. I. O. is} support of 10 |

United Mine Workers, |

i

|

homa-Missouri zine lead miners, in| an area where the C. I. Os Mine, | Mill and Smelter unions are still carrying on the remnants of a 1935 strike... The local C. I.:O. leader involved made a protest to President Green, of the A. F. of L., the other day, and Mr. Green responded, “this is war.” An indication that the C. I. O. has put a limit on its raids, how-

C. 1. O. ‘executive, in revoking 10 charters of unions organized by the Mine, Mill and Smelter Workers in New England. Mr. Hillman found that the unions were composed of engineers, oilers, bricklayers: and cleaners and dyers, and he promptly discharged the organizer and announced that such extension of jurisdiction of the mill union would unjustifiably involve it in conflicts

| Margeson,

with the building trades and other

F. of L. charters to Kansas-Okla- | recognized unions in those fields.

[Fe A

PAGE 11 HINDENBURG CRASH STOPS WORLD FLIER Bulied Press 10M "BOSTON, May 7..-Word was received here today that Dr. ‘Reginald Boston surgeon, has

abandoned his attempted speed speed flight around the world by

we i

' scheduled airplanes because of the ever, was/ given by Sidney Hillman. |

Hindenburg disaster. Canceling. his reservation for Hong Kong on the Philippine Clipper at Oakland, Cal.,, Dr. Margeson said the ‘‘whole trip depended on the Hindenburg.”

SHRINERS MEET By United Press FT. WAYNE, Ind, May 7.—Seven hundred Morthern Indiana Shriners will gather here late today for an annual $pring ceremonial of Mizpah Temp'e. . -

»

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