Indianapolis Times, Indianapolis, Marion County, 28 January 1938 — Page 3

~~ MORGENTHAU

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FRIDAY, JAN. 28,

‘HEADS PARLEY

ON HOLDING COMPANY DRIVE; BUSINESS POLICY RIFT WIDENS

Administration Leaders Confer on Means of Curbing Trusts.

WASHINGTON, Jan. 28

(U. P.).—High Administra- |

tion officials conferred with Secretary of Treasury Henry Morgenthau Jr. today on means of curbing or eliminat-

ing bank holding companies.

The officials, all memebrs of an interdepartmental committee studying the bank holding company problem, one of several, including Federal lending to small business, were: Chairman Marriner Eccles of the Federal Reserve Board, Chairman Jesse Jones of the Reconstruction Finance Corp.; Leo T. Crowley of the Federal Deposit Insurance Corp., Controller of the Currency J. F. T. O'Connor, Chairman William O. Douglass of the Securities and Exchange Commission, Wayne C. Taylor, Fiscal Assistant to Mr. Morgenthau: Herman Oliphant, general counsel of the Treasury Department, and Marshall Diggs, Depuly Controller of the Currency. None of the members have revealed specific suggestions for holding companies legislation. Mr. Morgenthau last week said that he and Senator Glass (D. Va.) were in complete agreement on the subject. Mr. Glass is the author of a Senate bill providing for outright elimination of all bank holding companies in the next five years.

7 Hoosiers to Attend Small Business Parley

Times Special WASHINGTON, Jan. 28.—Seven Hoosiers are among the “small business” representatives invited by Secretary of Commerce Roper to an Administration conference at the Department of Commerce on Feb. 2. They are: 0. Keith Owen, National Association of Hothouse Vegetable Growers president, Terre Haute; Paul E. Boxe, Anderson; G. C. Gilbert, National Retail Hardware Association presi-

dent, Indianapolis; A. Krueger, Michigan City; Isaac Silverstein, Silverstein Brothers Furniture Co., Terre Haute; John A. Johnson, Johnson Manufacturing Co., Crawfordsville, and J. N. Hayden, 1121 E. 24th St. Indianapolis. Mr. Owen has been one of the prinicpal objectors to the reciprocal trade agreements, having written letters of protest to the Indiana Congressional delegation.

CRASH KILLS HOLDER OF VANDERBILT CUP

FRANKFORT, Germany, Jan. 23 (U. P.) —Bernd Rosemeyer, 29, automobile racer, was killed today as he tried for a world record on the highway near Frankfort. Winner of last vear's Vanderbilt Cup race at New

York, Rosemeyer held three road records, for the kilometer, mile and 10 miles. He was the husband of a famous flier, Elli Beinhorn.

| | |

Borah Fears Plan of Former NRA Head Will Create Big Monopolies.

By THOMAS L. STOKES

Times Special Writer

| WASHINGTON, Jan. 28 (U. P.).—A conflict is widening in New Deal councils over ‘the best approach to the problem of dealing with busi-

I ness. The division is between those who would strengthen the antitrust laws and further regulate or abolish holding companies, and those who would leave the industrial structure much as it is, with the Government playing the role of friend, rather than policeman, under a system somewhat similar to NRA. The latter program would permit agreements and associations among big industries, under Government supervision and Government rules, with antitrust-law exemptions for Government-approved, activities. Richberg vs. Jackson The conflict was brought into the open again by the chief sponsor of the NRA type of program, Donald Richberg. The New York speech of the one-time NRA head sent shivers through the champions of the aunti-big-business group—as it might be called for want of a better name-— for although Mr. Richberg no longer is an official, he still has Mr. Roosevelt's ear. Publicly, Assistant Attorney General Robert H. Jackson is the leading spokesman of the big-business critics, who include numerous stanch New Dealers still in the councils of the President. In Congress this group has an effective ally in Senator Borah (R. Ida.), a persistent enemy of monopoly who fought the old NRA on the ground that it was encouraging | monopoly and strangling small busi- | ness.

Program Outlined

The former NRA head outlined his legislative program as follows: «1. Monopolistic and unfair practices should be defined more clearly, both in the interest of enforcement and to protect honest efforts to comply with the laws. «9 An administrative body should be empowered specifically to pass on the prima facie legality of cooperative activities (through trade associations or special agreements), so that business organizations can undertake a great many programs absolutely necessary to protect and promote business and employment, without being subject to undeserved prosecutions and penalties. «3. Administrative approval of co-operative agreements should not prevent either private parties or the Government from seeking relief through civil suit against alleged illegal combination.” Without naming him, Mr. Richberg struck at Mr. Jackson and those who have espoused and publicly adopted the Jackson philosophy, by saying he did not believe the “menace” of increasing concentration of power and wealth in the hands of a few “is as great [or imminent as some conspicuous critics of big business assume.”

IN INDIANAPOLIS

Here Is the Traffic Record

County Deaths (To Date)

1938 ...ivvve. BB 12

City Deaths (To Date)

(Jan. 27)

® Accidents .. 2 Injured ......!

Reckless Driving 0 Running Preferential Street 1

Running Red Light 1 Drunken Driving, 1 Others 9

MEETINGS TODAY Exchange Club, luncheon, Hotel Wash-

ington, noon. . ndianapolis Federation of Community Oivie Clubs, meeting, Hotel Washington, 7:

130». Mm. Salesmen’s Club, luncheon, Hotel Wash-

ington. noon. ptimist Cub, luncheon, Columbia Club,

5 Officers’ Board of Trade, no Phi Delta Theta, tage, noon. Delta Tau Delta, Club, noon. Beta Theta Pi. luncheon, Board of Trade, noon,

MEETINGS TOMORROW

luncheon

Association, luncheon, on. luncheon, Canary Cot-

luncheon, Columbia

Hotel

meet-

Alliance Francaise, Washington, noon. National Shaae Tree Conference, ing. Claypool Hotel, 2 p. m. Federal Hardware & Implement Mutuals, luncheon, Severin Hotel, noon. . & J. Sloane Co., meeting, Severin

m. Eta Gamma, banquet, Hotel Washington, noon. Hotel

Gideons Association, meeting,

AY Samien, 7:30 p. m

MARRIAGE LICENSES

(These lists are from official records in the County Court House. The Times, therefore, is not responsible for errors in names or addresses.)

Albert XE. Gilligan, 19, of 110 S. RichJang St.; Lola Mae La Follette, 19, of 1439

e St. Melvin Glass Burn, 25, of 4€00 E. 30th St.; ary Ellen Pryor, 25, of #18 N. Gladstone, Travis A. White, 36, of 324 W, 26th St.: Gladys Jackson, 33, of 326 W. 25th St. Emmett Estib, 52. of Franklin, Ind.: Mary Edith Basey, 47, of i621 Lawton St. Howard Streutker. 36, of Cincinnati. O.; Charlotte E. Hutchinson, 22, of 3047 Ruckle St.

BIRTHS

Boys William, Doris Pittman, at Coleman. Norman, Rosanne Vogel, at Coleman. Waller, Betty Faust, at St. Fra Leroy, Margaret Newman, at St, Earl, Bertha Hager, at St. Elors, Helen Reeves, at City. aries, Margaret Baker, at St. Vin-

cent’s. Martha Mason, at St. Vincent's.

-| cent’s

Dr. A. D.. Helen Schaaf, at Methodist. Albert, Helen Tutewiler, at Methodist. George, Ruth Dye, at Methodist. Girls Earl, Katheryne Johnston, at Coleman. William, Esther Hall, at St. Francis. John, Clara Nolan, at St. Francis. Leonard, Bernice Nelson, at St. Vincent's. cent’s. Frank, Margaret Murphy, at St. Vinec at St. Vin-

Miriam Sanders,

cent’s,

DEATHS

Robert W. Goff, 47, at Central State Hospital, pulmonary tuberculosis. Fredrick William Nichols, 54, at 26 W. 35th, bronchial asthma. John William Ritter, 68, at City, bron-

cho-pneumonia. Mabel Lee Linton, 50, at Methodist, bowel obstruction. William Alexander, 60, at 128 S, Catherwood, chronic myocarditis. Richard Bryant, 75, at 1709 S. Delaware, arteriosclerosis,

August Tegeler, 80, at 1301 Norman, indiabetes mellitus, at 2840 N. New t N. Shortridge, 42, vascular renal disease. i at City, David M. Cox, 47, at Methodist, acute

fluenza. Bernardine Koesters, 78, at 527 Terrace, Johanah Murphy, 92, , arteriosclerosis. at 3322 N. , coronary occlusion. Robert A. Furgeson, 80, at City, cardioenry Francis Robbins, 58, cerebral hemorrhage. id H. Ducheman, 80. at 962 W. 28th, arteriosclerosis. Edith bowel obstruction.

OFFICIAL WEATHER

United States Weather Burean

INTIANAPOLIS FORECAST — Increasing cloudiness and rising temperatures tonight with lowest 10 to 15; tomorrow probably snew and somewhat warmer,

Sunrise ...... 6:57 | Sunset ...... 4:59

TEMPERATURE ~Jan. 28, 1937 — s ooo §

BAROMETER Nam... 30.44

Precipitation 24 hrs. ending 7 a. m... Total precipitation Deficiency

MIDWEST WEATHER

Indiana—Increasing cloudiness, temperature tonight; tomorrow cloudy, probably snow central and north, somewhat warmer east and south portions, Illinois—Mostly cloudy, snow probably extreme north portion late tonight and tomorrow and central portion tomorrow; rising temperature tonight and extreme south tomorrow, coiger northwest and extreme north tomorrow ai‘ernoon. Lower Michigap—Snow north tonight and tomorrow and beginning south portion late tonight or tomorrow; rising temferature tonight and east portion tomor-

Ohio—Light snow beginning late tonight or tomorrow, rising temperature tonight and in east and south portions Lomorrow, colder tomorrow night,

WEATHER IN OTHER CITIES AT 7 A. M. Station, . Bar. Temp. Amarillo, Tex, 0. 32 Bismarck, N. D. Boston Chicago

rising

Jacksonville, Kansas City, Little Rock, Los Angeles Miami, Fla. Minneapolis Mobile, Ala. New Orleans New York Okla. City, Omaha, Neb

| of whatsoever character. land its assurances were the basis

PO

EAA

The Castle Barns Furniture Co. State Road 67, one mile southwest of Post Road at the edge of &

oN D = A ~ v Ro ATL

Times Photo.

Lawrence, was destroyed by fire last night at a loss estimated by its owners at from $15000 to $20,000.

Only the stone chimneys were left standing.

Japan Acts on U. S. Protest;

An overheated stove was blamed for the fire.

NEW COLDWAVE [BOB BURNS

Slapping Sentry Is Ga TO SWEEP U. S.

(Continued from Page One)

erty in China against further molestation or injury by Japanese forces This note

of the American Government's settlement of the incident resulting from the bombing and sinking of the U. S. gunboat Panay near Nanking on Dec. 12. Mr. Grew's protest was delivered on Jan. 17. After citing repeated incidents involving the' American flag and American property at Nanking, Hangchow and other places and Japanese soldiers, Ambassador Grew said to Foreign Minister Koki Hirota: “I am directed to impress upon Your Excellency the seriousness with which my Government regards such acts and to convey its most emphatic protest against them. “My government finds it impossible to reconcile the flagrant disregard of American rights shown by Japanese troops as above described with the assurances contained in Your Excellency's note of Dec. 24, 1937, that ‘rigid orders have been issued to the military, naval and foreign office authorities to pay . . . greater attention than hitherto to observance of the instructions that have been repeatedly given against infringement of, or unwarranted interference with, the rights and interests of the United States and other third powers. Request Stronger Orders “Inasmuch as this disregard of American rights is reported as still continuing, the American Government is constrained to observe that the steps which the Japanese Government have so far taken scem inadequate. “My Government must, therefore, request that the Imperial Japanese Government reinforce the mstructions which have already been issued in such a way as will serve effectively to prevent the repetition of such outrages.” It was revealed that Foreign Minister Hirota laid this protest before a meeting of the Japanese Cabinet, and that the Japanese Government had thereupon sent Maj. Gen. Homma, one time military attache at London, to Shanghai and Nanking to investigate conditions there as a direct representative of the Japanese War Office.

Japanese Say Sentry Was ‘Doing His Duty’

SHANGHAI, Jan. 28 (U. P.).—A Japanese Army spokesman said today that the sentry who slapped the face of U. S. Consul John M. Allison at Nanking was “only doing his duty.” The spokesman added: “Anyone who fails to obey orders of sentries can be shot.” As the spokesman made his statement the United States and British Consuls General here made separate representations tec the Japanese Consul General, asserting that their Governments were unable to recognize the right of Japanese to censor commercial messages. The Japanese Embassy had announced that effective today Jap-

anese censors would demand copies of code books of all commercial | firms, regardless of nationality, and a consular certification that messages were bona fide. This was necessary to prevent leakage of military importance, the Embassy said. The British Consulate General protested today against Japanese | censorship of a dispatch sent a we<k ago by H. J. Timperley, the Manchester Guardian correspondent, in which Mr. Timperley alleged looting and rape by Japanese soldiers at Nanking. Mr. Timperley said he was seeking to make a test case of the censor’s activities. Discussing the incident in which Consul Allison and another Amerjcan—now disclosed to be Charles Riggs of Scotia, N. Y, attached to Nanking University—were slapped, the Army spokesman said that an apology offered Consul Aliison was merely a courteous gesture and did not imply that the sentry had acted improperly. No mention was made of an apology to Mr. Riggs. Japanese authorities “are taking a grave view of Consul Allison's attitude,” the spokesman said. He said that Consul Allison and Mr. Riggs sought to investigate an alleged assauit on two Chinese men and a Chinese woman. According to the spokesman the sentry spent half an hour explaining to Consul Allison and Mr. Riggs that they would not be permitted to enter, Then, he asserted, Consul Allison and Mr. Riggs sought to “slip in” and the sentry slapped them.

Japanese Liner and

Cargoes Guarded

SAN FRANCISCO, Jan. 28 (U.P). —A strong guard was placed on the waterfront where a Japanese liner was docked and other ships were being loaded with cotton for shipment to the Orient today. Police searched bombs and they understood that Federal authorities had received some warning of a plot to destroy a Japan-bound ship.

Report China

Urges Sanctions

GENEVA, Jan. 28 (U. P.).—Delegates of Great Britain, France and Russia today heard China's appeal for aid against Japan and were reliably reported to have discussed a plan to supply China with arms and munitions. The delegates “hoped” to obtain United States co-operation. It was understood that V. K. Wellington Koo, chief Chinese delegate, told the meeting that China wants League sanctions invoked against Japan. To this Foreign Secretary Anthony Eden, Great Britain, and Yvon Delhos, French foreign minister, were reported to have replied that sanctions were impossible at present, but suggested a compromise scheme might be worked out to supply China secretly with arms, munitions and credit.

the piers for

Slight Upturn in Mercury Is Described as Lull Between Blasts.

(Continued from Page One)

most modern design and construction, Bernard J. Yungbluth, president of the company, said. Mr. Yungbluth announced at the same time that company engineers were arranging conferences with United States and Canada to consider the problem of disposing of the twisted steel wreckage of the old span.

Tons of Steel Crash The 2600 tons of steel and 300 tons of wood which formed the historic bridge, once the longest steel arch span in the world, were lit-

gorge below the falls. The bridge fell into the gorge a few minutes after emergency crews, which had worked nearly 36 hours to relieve the pressure against it, climbed to the safety of the river bank. With a deafening roar, the 840foot arch crumbled into a mass of torn girders which had formed its spider-web foundation. As it fell, it chipped off small pieces of ice and sent them flying into the air so that, for a moment, they resembled falling snow. Crops throughout Mississippi, Louisiana, Alabama and Georgia were periled by frost and Midwest wheat farmers feared the cold and snows would damage their winter crop. Heavy ice blocked highways in northwestern Illinois. Roads near Oregon were impassable.

Families Flee Homes

Several families on the Rock River near Moline, Ill, left their homes as the flood neared its crest in that section. The hydroelectric | plant at Dixon was disabled. Coal deliveries were halted at Rockford, the city hardest hit in the flood area, while truck drivers debated demands that they join a chauffeurs union, The temperature hovered near zero. An Iron County, Wis, snowplow crew released a bus driver and passenger near Hurley. They had been marooned 30 hours.

C. 1. 0. BEGINS DRIVE ° . IN SHELBYVILLE

SHELBYVILLE, Jan. 28 (U. P). —A drive to unionize Shelbyville’s furniture factory workers started here last night as C. I. O. representatives, led by Joseph B. Persily, regional director, declared that the C. 1. O. “is in Shelbyville to stay.” Mr. Persily and Sid Rollind, field representative, passed among the 100 persons blanks which, if signed, authorized the C. I, O. to act officially for them.

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Times-Acme Photo,

The main street of Ironwood, Mich., is shown as the town dug itself out after being isolated for three

days by the recent blizzard that left 20 and 30-foot drifts through the Upper Peninsula of Michigan.

It was

the worst storm in the history of the region, which is accustomed to 150 inches of snow per winter.

. Say 3. OLLYWOOD, Jan, 28.—One reason I came to the city was because I wanted to get away from nosey gossipers of a small town. They told me that in a big city everybody minds his and her own business. The other day I was callin’ on a city lady here and I noticed a family was movin’ in next door, So I says “What do you think of that new family movin’ in?” and she says “I ain't a woman that talks about my neighbors. She say “All I know is that their stuff come in one truck. They only had one bedstead with brass on it and most of the furniture looks old. There's six in the family. The children are all boys and they have two dogs. The man is a lot older than

| the woman and they had a fight

jith the i tered on the ice which clogged the En HE NY kon

they settled with him and their name is Smith.” (Copyright, 1938)

SCHOOLS MAY CLOSE

BLOOMINGTON, Jan. 28 (U. P.). —The Bloomington board of health today was to act on a recommendation of the Monroe County Medical Association to close all grade schools because of a measles outbreak. School attendance has dropped 65 per cent in the last 10 days due to the epidemic, officials revealed,

F.D. R. URGES LARGER NAVY

Elimination of Profiteering Also Requested in Message.

(Continued from Page One) start of construction on only two of the three dreadnaughts which Rep. Vinson would authorize,

Vinson Provisions Given

The Vinson bill is merely an authorization bill, without accompany - ing appropriations, while the President's message asks for immediate appropriation to start two additional

capital ships. The third could be laid down next year or any subsequent vear when appropriations for start of construction are authorized by Congress. The President's requests, if voted by Congress, would give the United States the strongest Navy this nation has had since 1921, and the Vinson bill would give us the most powerful Navy we haves ever had. In addition to the authorization for three new battleships, the Vinson bill would authorize: Two new aircraft carriers, making a total of eight. Eight additional cruisers, making a total of 47. Twenty-five more destroyers, making a total of 147, Nine more submarines, making a total of 58. Twenty-two auxiliary vessels, including five destroyer tenders; three submarine tenders; four large sea-

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plane tenders: seven small seaplan® tenders, and three repair ships. It would authorize 1000 additional airplanes for the Navy, bringing the Navy's air strength to 3000 modern planes, and the United States’ total air strength to nearly 6000 planes,

BOMB PLOT RUMOR CLOSES HIGH SCHOOL

DOTHAN, Ala., Jan, 28 (U, P.) == The Rechobeth High School was closed today after Sheriff Alex May reported he had been informed of “a plan to blow up” the institution where students are on strike proe testing the dismissal of Hugh Wynn, football coach. Wynn was accused of going out with girl students. He denied ever going with any girl other than prete ty Mary Grubbs, 18-year-old senior, whom he plans to marry after her graduation, County School Superintendent Solomon Baxter was booed and hissed when he attempted to address the striking students in the school auditorium.

BOYS TO DEDICATE CLUB

Happy Times Club, a Y. M. C. A. boys’ organization, tonight will dedicate its redecorated club room. C. M. Hamilton will sponsor the program, which includes a speech by Dennis Raymer, president, musical numbers and readings.

INVENTOR IS DEAD CAMBRIDGE, Mass, Jan. 28 (U. P.).—Josiah Byram Millett, 85, inventor of submarine signaling and sounding devices, died yesterday at his home, An artist and writer, he also pioneered in aviation. He leaves a wife.

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