Indianapolis Times, Indianapolis, Marion County, 22 February 1938 — Page 12

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LONDON FIGHT

ARR

raid protection. This guard in

rushes away with an incendiary bomb in a bucket of sand at Wellington Barracks, London.

Millionaires Increased in 1936, Income Tax Statistics Show

NOT ONE OF 100 IN GLINIC TEST CAPABLE DRIVER

Examination in Court Shows Many Do Not Know When They Break Laws.

- By Science Service ANN ARBOR, Mich, Feh. 22.—

‘Not one out of a hundred drivers |

coming into traffic court has learned how to drive his car with competence, tactfulness and care for the other fellow, Dr. Lowell S. Selling, director-ef the psychopathic clinic of the Recorder’s Court, Detroit, reported to the 24th annual highway conference -at the University of Michigan here. His conclusion is based on an examination of hundreds of drivers in the clinic. Many of the drivers involved are insane, Dr. Selling has found. Many are dangerously feebleminded. Many are illiterate. And many are relatively normal, but their thinking processes about driving are bad. More than half of those examined knew the laws by rote, yet had no idea of how they were carried into practice, Dr. Selling said. When they are shown on a specially constructed city model, a car that is violating the law, they cannot perceive that a law is being violated. “They do not notice a car that is parked on. the sidewalk; they are 310t aware of a car parked right by a fireplug, even though it is in front of their eyes.

Ordinary psychological tests of such traits as reaction time, vision. color vision and hearing cannot weetl out these drivers, Dr. Selling has found. And drivers with defects in some of these traits may be perfectly safe drivers, provided they are aware of their weaknesses and have the proper attitude. Deaf people, for example, had a better accident » record than those who could hear. In addition, most motorists are driving deaf when their windows are up.

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Treasury disclosed today.

He's Lookin’

Boy Gets Up Early to “Use Eye Donated by Farmer, 68.

EW YORK, Feb. 22 (U. P). —Frank Chabina got up «real early” today because he had a lot of “lookin’ around” to do with “his new left eye—the eye that was given to him by an aging farmer. The 19-year-old Louisiana farm boy’s new eye by now registers the mass and shadow of objects seen at a distance, such as skyscrapers. His right eye is “100 per cent.” “In three or four months the new one will be three-fourths okay,” he said. “That's what the doctor told me.” Frank owes the fact that he can see at all with his left eye to John Wosley Amos, 68-year-old tenant. farmer of St. Joseph, La. The grafting operation, said to be the first of its kind, was performed by Dr. George Hart in Charity Hospital, New Orleans, last Oct. 8. Frank came here by plane to talk on the radio.

LOCAL RESIDENTS FOIL BANDIT PAIR IN MIAMI

MIAMI, Fla. Feb. 22 (U. P).— Two bandits who attempted to hold up Charles L. Sumner, former Sheriff and Police Inspector at Indianapolis, and two friends, Mrs. Myrtle Brethauer and her daughter, Mary, also of Indianapolis, last night, were routed by shots fired by Mr. Sumner and Mrs. Brethauer. The three were returning from a night club when the bandits accosted them. Mr. Sumner pulled out his pistol, and one bandit fled. The other fired three times at Mr. Sumner, but missed. Mr. Sumner, however, stumbled and fell and Mrs. Brethauer, thinking he had been hit, drew a pistol out of her purse and fired six times at the bandit. Mr. Sumner rose to his feet and fired five times at the pair.

FOUR LOCAL DOCTORS TO LEAD SYMPOSIUM

Four physicians are to conduct a symposium on gynecology tomorrow night at a meeting of the Indianapolis Medical Society at the Indianapolis Athletic Club. : Those participating will be Dr. Ross C. Ottinger, Dr. Dudley Pfaff, Dr. J. William Hofmann and Dr. Carl Habich. -

N. Y. Bonds

By United Press 20 20 Rails 65.1 65.5 63.3 100.1 95.6 70.0 61.1 101.2 60.3

100.4

84.7 . 98.3

Members of the First Battalion Grenadier Guards and the First Battalion Coldstream Guards serve as stretcher bearers and carry away a “wounded” sentry as another guard removes an incendiary bomb in a sand bucket. These realistic antiair raid maneuvers are London’s latest training program. :

WASHINGTON, Feb. 22 (U. P).—The number of millionaire tax payers in the Unitéd States increased from 41 in 1935 to 61 in 1936, the

A preliminary analysis of 1936 individual ificome tax returns revealed that the nation’s 61 millionaires paid $10,856,000 more income taxes —® than 2,237,737

individuals in the “$5000 or under” income bracket. The net iricome of the lower income group, however, exceeded that of

| the millionaires by $5,326,108,000.

The analysis of returns filed in the period January through August, 1937, showed that the 61 millionaires reported net income totaling $107,641,000 and paid $77,138,000 in taxes. In 1935 the 41 millionaire taxpayers reported an aggregate net income of $73,630,000. They paid $41,499,000 in taxes. The taxpayers in the $5000 and under class reported net income amounting to $5,502,749,000 as compared with $4,051,391,000 in 1935. They contributed -$66,282,000 in taxes against $44,763,000 in 1935. Returns for 1936 numbered 5,447,439, of which 2,888,990 were taxable and 2,558,449 were nontaxable. This represented an increase of 39.7 per cent over the previous year in the number of taxable returns and 6.3 per cent in the nontaxable. Total net income shown on the 1936 returns was $19,069,137,719, an increase of $4,414,058,298, or 30.1 per cent, over the amount reported on the 1935 returns. Net income: shown on the taxable returns was $14,212,402,587, an increase of 42.7 per cent. The nontaxable returns showed net income aggregating $4,856,735,132, an increase of 3.5 per cent.

PROGRESS TOPIC FOR EDUCATORS

Dean Richardson in Charge ~ Of Conference Here On March 19.

“Progress in Education” is to be the theme of the P ve Education Association conference March 19 at the Claypool Hotel. Dean William L. Richardson, head of the Butler University College of Education, is to act as general chairman.

held. \ Dr. Richardson is tc serve also as program ch an, assisted b Hillis Howie, Orchard School principal and conference general secretary; Miss Elizabeth Peterson, School. 3 teacher; Mrs. Hughes, Indiana - Parent-Teacher Association president, and Ralph O. Minnick, Tech High School teacher. Other committee chairmen are to be Mrs. W. D. Keenan, Seventh District Federation of Clubs president, arrangements and hospitality; Miss I. Hilda Stewart, Tudor Hall principal, publicity and promotion, and George H. Fisher, School 58 principal.

DAILY PRICE INDEX

Ew YORK, Feb. 22 (U. P.)— & Bradstreet’s daily weighted

price index of 30 basic commodities, compiled for the United Press: Monday ............. veeesse 113.34 Week ABO ......ocecvveeness 112.10 Month Ag0 .......cce00000.. 115.44 YOATr ABO .:.vvuivsnvuvns .. 143.54 -1938 high (Jan. 10), 117.06. 1938 low (Feb. 15), 111.98.

Zog'’s Sisters to Seek Romance

Princesses Myzehen, Maxhide and Ruhije (left to

+ right, above), unmarried sisters of

bania, are shown before they sailed yesterday for a United States. Their program is to include

visit to the

King Zog of Alfrom his Boston

in U.S.

ie | Year ago .......... seseccns. 187.35

cultural investigation into American manners and customs; a diplomatic mission to secure the return: oo S Bo _exile of Premier Bishop Fan Noli, i Ra

Ten general sessions are to. be

Week ago .

2 ve A a

F.D. R. POLICY ON MONOPOLY RELAXED ANEW

Jackson’s Promotion May Mean Another Shift in ‘Attitude.

By HERBERT LITTLE * *. Times Special Writer WASHINGTON, Feb. 22—The inconstant: wind of Roosevelt policy on monopolies appears to be moderating at the moment. ; The congestion of ess’ docket now is believed to preclude legislation on this subject this year, in view of plans to adjourn in June for electioneering. Recent developments also appear to many to suggest a hesitancy on the President’s part to follow the Jackson-Corcoran-Cohen program for strict and extensive enforcement of the antitrust laws. Donald Richberg, business lawyer and former NRA chief, the leading advocate of government-business “co-operation” and relaxation of the antitrust laws, has been prominen) in recent Administration councils. Emphasis Shifted

The President’s price statement last week put more stress on the need of increasing the general price level than on cutting down the socalled “sticky” prices—those maintained at high levels in good times and bad. This is a definite shift in emphasis. Asked how and when he proposed to act against these too-high prices, which he criticized extensively early in the winter, the President said he was not yet ready to shoot on his monopoly message, which has been “on the way” since Jan. 3. Another development; which may have something to do with the apparent softening of the Administration’s attitude, is the temporary scattering of the President’s bestknown left-winger advisers on this

issue. Jackson Promoted

Robert H. Jackson has been promoted from Assistant Attorney General in charge of antitrust laws to Solicitor General. Thus another man will take over the job of prosecuting antitrust suits. | Mr. Jackson is regarded as much more aggressive on this subject than Attorney General Cummings, who will name his successor. . Thomas Corcoran, who with Benjamin Cohen makes up the New Deal's famous bill-drafting team, has been on vacation. Mr. Cohen, formerly of Muncie, Ind., has been busy for weeks with Supreme-Court arguments in the Electric Bond & Share case, a Holding Company Act test. Leon Henderson, WPA economist whose counsels were relied upon by the ‘White House in the early months of the recession, has been resting for several weeks in a Baltimore hospital. The President’s frequent contacts with businessmen of late are also

the shaping of Governmental poli toward business. Pot

Stricter Antitrust

Law Is Demanded

WASHINGTON, Feb. 22 (U. P.). —Senator Gillette (D. Iowa) urged a House Judiciary Su ttee today to recommend a” proposed amendment to the Clayton Antitrust Act forbidding a corporation to acquire a competing corporation’s assets. : The measure, introduced by Rep. Edward C. Eicher (D. Iowa) would extend the prohibition against acquiring a competitor's stock to assets on the ground that phyhical properties can now be acquired,

30 INDUSTRIALS, Monday .....ceos0eve0c0ne.. 120.49 Week BLO ..ocos00090000000e 124.90 Month BLO cecvesevssnssssee 128.28

+1.99 -0,03 5.10 0.85 High, 1938, 134.35; low, 118.49. * © High, 1987, 194.40; low, 113.64. See 20 RAILROADS Monday ....cco0vn0ee. 20.35 Week ago v «28.71 28.31 57.78 - High, 1938, 32.33; low, 21.08. fe High, 1987, 64.46; low, 28.91. 20 UTILITIES Monday ....civevceven. esses 19.75 J-0.42 sesevsaas 1892 0.02 sepsdensase 19.80 lf), G6 Year ago ........... eepsseeies 34.204-0.18 High, 1938, 21.86; low, 18.25. y High, 1087, 37.54; low, 19.65. 90 STOCKS esessaes 41.98 evessess 40.55 0.10 vessesse. 40.38 —1.58 i 66.68 --0.32 High, 1938, 44.42; low, 88.51. High, 1937, 60.67; low, 38.87.

Monday ..... Week ago ... Month ago ..

+0.72

134 8. Meridian

cellar.

viewed as an important factor in.

leaving/ the stock worthless. DOW-JONES STOCK AVERAGES !/

Spectators

BUTLER GRADUATE - TO SPEAK TONIGHT

‘Mrs. William Adcock, former instructor at Drake, Purdue and Colorado Universities, is to speak before the Butler University chapter of Kappa Delta Pi, national educational society, tonight at the Pi Beta Phi Sorority house. Her subject is “The Mental Health of Teachers.” She is a Butler graduate and a member of the National Association for Nursery School Education, 2

COUNTERFEITER TO ENTER PRISON

Fowler Is Returned From Milwaukee Following Appeal Denial.

Chet Fowler, whose counterfeiting conviction was affirmed last week by the U. S. Supreme Court, today was to Be taken to Leavenworth Penitentiary to begin serving

a two-year sentence. s He was returned late yesterday from Milwaukee, where he had been in custody of Federal officials who were detaining him on another charge. Fowler and Ralph Raynor were convicted after Secret Service agents last year found blank paper of the type used in printing currency in their possession.

BENEFIT INSTRUCTION

GIVEN 220 WORKERS

Unemployment Division Establishes Schools.

Nearly 220 employees of the Indiana Unemployment Compensation Division today were receiving schooling in benefit claim procedure, Director Clarence A. Jackson announced. Training schools have been established throughout. the State to

familiarize the 104 members of the

Unemployment Compensation staff and the 115 employees of the State Employment Service with rules and laws governing claims, he said. Mr. Jackson said many other deputies, contemplating transfer to the division, have been attending sessions voluntarily in order to be prepared when claim stations are opened April 1,

look down into the gas-proof chamber of Caxton Hall, Westminster, London’s first official antisir raid The space between two doorways is the airlock to keep gas out of the shelter. Hes

sks,

Due Directly to Clogging of World Trade Channels, He Warns Farmers. -

SACRAMENTO, Cal., Feb. 22 (U. P.).—Secretary of Agriculture Wallace said today “there can be no doubt that at least a part of the present-day war mongering is due

directly to the clogging of the chan- BL

nels of world trade.” - In a nationwide radio address he said: : : “American agriculture has a great

deal to lose and very little to gain |}

by nationalistic programs of selfsufficiency. “American farmers have geared their plant to a world market. It is true they must adjust and keep that plant in balance, but they should not be lured from their market merely to the tune of pleasant sounding slogans.

“In the past we™ have done

everything we could through high tariffs to see to it that foreign countries could not sell to us—and at the same time we have lamented loudly as we watched our fruit, wheat, dairy products, cotton and lard exports steadily shrink.

Backs Trade Treaties

“Now we are trying to build back some of our lost ground. The reciproca] trade agreements represent an effort to reopen fore] arkets that have been closed to us.” - Secretary Wallace warned farmers against “smoke screens of misrepresentation which will be thrown out by powerful interests to obscure

the essential needs of American

farmers,” and added: “Parmers will be told by one

group that agriculfural imports are |p,

the nation. “They will be told by another group that no matter how great are

the surpluses they grow, chemistry | E

will unload for them and guarantee them good prices. “But. farmers are learning to believe none of these things until they first examine the facts. Let farmers keep their ears and eyes wide open, and think through the issues which affect them.”

ROOSEVELT HOST TO KENNEDY HYDE PARK, N. Y., Feb. 22 (U. P.) —President. Roosevelt entertained Joseph P. Kennedy, newly appointed Ambassador to Great Britain, today. : Mr. Kennedy, who sails for his Landon post tomorrow, \lunched with the Chief Executive and presumably discussed the Europea situation with him. .

the income of any taxpayer.

entered into for profit. A loss sustained in

“casualty.” Where d

YOUR INCOME TAX

No. 28—Deduction for Losses Other Than From Sale or Exchange of Capital Assets

Deductions for losses are divided into four classes, and to be allowed must follow closely the wording of the income-tax law. Losses are deductible if incurred (1) in the taxpayer's trade, business, or profession; (2) in any transaction entered into for profit; (3) from fires, storms, shipwreck, or other casualties, or from theft, and (4) from wagering transactions. Business losses result, usually, from merchandise.. Such losses usually are ascertained by means of inventories, which are required wehenever in the opinion of the Commissioner of Internal Revenue their use is necessary lo determine

The term “transaction entered into for profit” means any kind of business proposition. For example, taxpayer purchases an automobile to be used solely for business purposes, and which is sold at a loss. As this is a business propoition from start.to finish, the loss is deductible, subject to the limitations of Section 117. But if he had purchased the automobile to be used for pleasure or convenience, the deduction would not be allowed; it was not g transacition

the theft of an automobile purchased for pleasure or convenience is deductible, as it falls in Class 3. If, because of faulty driving but not of “willful negligence,” an automobile maintained for pleasure is damaged, the taxpayer may claim the loss sustained, as it comes within the meaning of the word amages result from the faulty driving of an automobile with which the automobile of the taxpayer collides, the loss occasioned the taxpayer likewise is deductible. : : Losses from wagering transactions, whether legal or illegal, are deductible only to the extent of gains from such transactions; The excess of such losses over the gains is not deductible. « All losses are deductible only to the extent to which they are not compensated for by insurance or otherwise. Deductible capital. losses are further subject to the limitations of Section 117.

the purchase and sale of

FORMER U. 8. ENVOY ILL CHICAGO, Feb. 22 (U. P.).—Col. Noblé Brandon Judah, 55, war veteran, attorney and former ambassador to Cuba, was seriously ill at his home today. He underwent an operation Jan. 6.

THOMSON NEW YORK CHICAGO TORONTO SOUTH BEND FT. WAYNE EVANSVILLE

BOSTON : CINCINNATI

| New. York Stock Exchange ll New York Curb Exchange | New York Cotton Exehange ; | New York Coffee and Sugsr Exchange “iif New Orleans Cotton Exchange 2

In opening London’s first air raid shelter a nurse explains the equipment to visitor. Airlocks, steel high pressure chambers, luminous emergency wall paint, gasproof clothes and masks and emergency rations are available to protect the populace of the Empire’s capital from the “war birds” of enemy nations.

WALLACERAPS | WARMONGERING

LOCAL LIVESTOCK HOGS

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(290-350) Good Packing Sows— (275-350) Good ... (350-425) (425-450 (275-550 Slaughter Pigs— (100-140) Good and choice. Medium

CATTLE ~—Receipts, 2298—

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All Weights— Good

Times-Acme Photos. a

GENERAL CLIMB PRESSES LOCAL PORKERS HIGHER

Heavy Packing Sows Register 10-Cent Advance in City Trading.

Further improvement in the gene eral hog situation was extended to local values and prices worked back to a $9.50 peak, according to the Bureau of Agricultural Economics. Weights above 160 pounds- ad= vanced 10c, with lighter weights and pigs selling steady to 15 cents up. Best 160-180-pound butchers held the $9.50 top. Packing sows comprised mostly heavyweight offerings which sold 10 cents higher, but more

7.75 | gain was registered on the relative--2 | ly few lightweight sows which in

extremes reached $7.75. Bulk of the good sows ranged from $6.85 to $7.50,

0 | some rough heavyweights below the 0 the $6.85 figure.

Killing Cattle Prices Steady Despite the liberal marketing of

50 | beef steers and heifers, all killing

: Vealers —Receipts, 500—

(All weights) Choice (All weights) Good (All weights) Medium Cull and medium

[email protected] [email protected] [email protected] 4.00@ 8.00

: —Receipts, 269— (250-400) Choice Good

oo 3328

Feeder and Stocker Cattle

0) Choice ) Choice ) Good

rS— 0 -1

1 )-105( ol

)) COMMON eecocesss

(500-750) Good and choice.. 6. Common, medium. -

SHEEP AND LAMBS —Receipts, 549%

ssssdecosivcioccs

Good and choice . Common and medium ......

LAFAYETTE, Feb. 22 (U. P.).—H Market, 10 cents higher; 160-200 1bs., 29.50; 200-240 1bs., [email protected]; Ibs., [email protected]; 280-325 1bs., $8.10@ pigs, $8.75, down; roughs, $7.35, d Calves, [email protected]. Lambs, [email protected]. PT. WAYNE, Feb. 22 (U. P.).—Hogs— Market, 10 cents higher; 160-180 1bs., $9.35; 180-200 1bs., $9.25; 200-220 lbs., $9.10; 220240 1bs., $8.85; 240 1bs., $8.65: 260-280 1bs., $8.45; 2 , .30; 300-325. 1bs., $8.15; 325-350 lbs., $8; 140-160 lbs., $8.85; 120-140 s., $8.60; 100-120 1bs.,. $8.35. Roughs, $7. Stags, $5.75. Calves, $11.50. Lambs, $7.75. } 1

PETTENGILL URGES

UNITY FOR RECOVERY

Bridge Gap of Classes, He Says in Muncie.

MUNCIE, Feb. 22 (U. P.)—Recovery from our present economic crisis will be accomplished by more national unity, a halt in calling names and a bridging of the gap | between classes, according to Rep. Samuel B. Pettengill (D.: South Bend), who spoke here last night before the Delaware County Bar Association. Our country needs recovery more than more reform, he said. He ‘warned against one-man rule, as--serting people risk their liberty and security if one man is to control ‘movement of prices up and down or ‘determine the question of war. “We have become too personal in our attitudes,” he said. “The ‘crack down’ ‘get even’: spirit must be eradicated. We must try to bridge the gap between classes. Ee “Reform was Jong overdue in 1933, but’ after five y now need recove: reform. ‘The thing we are in dan-

tional unity.”

2 | today 280 | cents, fed yearlings gaining 25c, ' | quality ‘considered.

classes of cattle again found ready sale at steady to strong prices. In fact, heifers ruled strong to as much as 25 cents higher. From a tonnage standpoint the run carried more beef than on any Tuesday session in weeks, and for the most part, steers graded good. Many loads of steers commanded $7.50 to $8.35, with two loads good to choice 1374-ppunders, $9; several loads plain ranged from $6.75 to $7.25. Most heifers cashed at $6.75 to $7.50, one load light but only medium to good held above $7.75. Choice beef cows reached $6.50, most fleshy cows $5 to $6, and cutter grades $4 to $5. Bulls held steady at $6.50 down. Very few stockers and feeders were offered, bulk $6.50 to $7.25. Vealers opened steady and closed strong to 50 cents higher, few choice late $12, bulk good and choice $10.50 to $11.50. The first substantial improvement in weeks was scored by fat lambs hen prices advanced 35

Choice ‘native and finished Western lambs sold at $8, with other good to choice kinds $7.50 to $7.75, and lower grades down to $5.25. Shorn lambs early sold at $6.50, with the best held higher. Unfinished yearlings cleared. at’ $6.50. Slaughter ewes were quotable steady at $4 down. : =

LIVERPOOL WHEAT

(Today’s U. S. equivalents based ‘on: ster ling at $5.0145.) Ay

Tite $1005 Sire 81 3 1.08% 110% @ 1

March . ay 4 10%s 1.07% 1.08%

July

Lod Looks >

|| help build

good business

It's comfort and ~ beauty with business efficiency that is demanded today. Con=sult our Planning De= - partment for the creation of that new, modern office your business requires.

| PHONE LIL 8515

“of warfare we} more than more}

ger of losing is’ that sense of na-|

“Floor to Ceiling Service”

Indianapolis Bond and Share Corporation 129 EAST MARKET STREET

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