Indianapolis Times, Indianapolis, Marion County, 29 August 1938 — Page 1

"The India

FORECAST: Mostly cloudy, probably unsettle tonight; fair tomorrow; Tot much change i in temperatare.

250 TO FIGHT - NEW BUILDINGS ONNORTH IDE

Home Owners Form Association and Plan Battle Before Zoning Board.

RAP THEATER PROJECT

‘Encroachments’ on Existing Ordinances Too Frequent, Member Says.

More than 250 property owners "today organized to resist what they ~ termed the “invasion” of commercial

buildings. and housing projects in northeast Indianapolis. At the same time, tentative plans were announced for the construction of approximately 100 medium-price homes in the North Dale area on Norwaldo Blvd. at 59th St., Buckingham Drive and Crittenden Ave. The protesting property owners are members of the East North Side Property Owners’ Association and originally organized to block the pro.posed construction under FHA sponsorship of a $1,800,000 apartment block east of the Monon Railroad tracks and ‘south of E: 59th St. THe association today announced it would fight in the Board of Zoning ‘Appeals to prevent the pro--posed erection of a theater and a

§. series of storerooms at 5415+ Col-

lege Ave. The Zoning Board was to meet at 3 p. m. today. The plans for the medium-priced home building program were announced by Ellerbe Carter, of the North Dale Land Co.

Seek Sewer System

A petition was filed with the Works Board requesting the city to construct a sewer system in the area by taking advantage of WPA and possibly PWA funds. Plans, according to Mr. Carter, call for the erection immediately of 12 homes on Norwaldo Blvd. and the Buckingham Drive section between 57th and 59th Sts. and the erection of from 80 to 100 homes in the area within the next two years. This afternoon, more than 50 property owners along the 5000 blocks of College Ave. will file a remonstrance with the City Board of Zoning Appeals, according to their attorney, Grier M. Shotwell.

: Enecroachments Charged = Frank B. Wade, 5241 College Ave., said that home owners in the neighborhood were organizing because “encroachments on existing zoning ordinances were becoming more and more frequent. “There are some people out here who feel that there is an organized attempt by building supply people to break down zoning laws in order to take advantage of selling materials to Federal-sponsored building projects,” he said. “I don’t see any conspiracy here. But I feel the Government’s building program is making money available for the building supply concerns.” Mr. Wade described the proposed storebuildings and theater as a “serious menace” to property values in the district. He said the contemplated structures would create a parking problem. for an area which: is “already overcrowded with automobiles.” Existing businesses in the vicinity would suffer, he said. “If this trend continues, it will discourage people from becoming home owners,” he added. Mr. Shotwell said that persistent rumors of proposed commercial construction had brought hundreds into the property owners association. “It will hecome a political issue,” he declared. “We've heard rumors of another apartment building in addition to this: one sponsored by the FHA. “There are indications that this whole area will be changed. We're not trying to block the growth of the city, but we’ll resist every effort to invade our territory.” The first skirmish of the association to prevent the building of the proposed FHA-sponsored apartment building, which is planned by Dr. Wayne Carson, has not yet been decided. Officers of the association are Frank O. Wilking, president; Omar S. Hunt, vice president; Burt Nicholas, treasurer, and Mr. Shotwell, secretary. The association filed incorporation papers Thursday.

BOETCHER LEAVES, ON RAIL PROJECT QUEST

Mayor Boetcher and four City officials left today for Washington, C., to seek approval of the PWA application for the $3,085,000 South Side track elevation project. Accompanying the Mayor were Louis Brandi, Works Board president; Michael B. Reddington, City Attorney; Lester Radcliffe, track elevation engineer, and H. Nathan Swaim, City Controller.

TIMES FEATURES ON INSIDE PAGES

"BOOKS +sveven Broun ...c..e Circling City Clapper Comics ccosee Crossword ... Curious World . Editorials ... Financial «ec. : m sess Grin, Bear It. Indpls.

9 10

Movies «cee. 11 Mrs. Ferguson 10 Obituaries ....11 Pegler cccceee 10 Pyle (ERE RERER RE] Questions ... Radio Sess Mrs. Roosevelt 10 | Serial Story.. 10 | Society ceee.e

15 14

Johnson ..... 10!

VOLUME 50—NUMBER 146

Capehart on Democratic

Roll, Report

BUFFALO, N. Y., Aug. 29 (U. P.).—Homer E. Capehart, * who last Saturday reportedly spent $30,000 in Indiana to beom Republicanism, is listed by the Board of Elections as a Democratic candidate for office, the Buffalo Times said today in a copyrighted story. An executive of the Wurlitzer Musical Instrument Co., Mr. Capehart played host to some 8500 Republicans at a mammoth cornroast on his farm near Washington, Ind, for State and national G.O. P. leaders. ~The Times said Mr. Capeheart’s name appears in three places in the local elections bureau, and that he is a candidate for committeeman, Fifth District, town of Ambherst, as a Democrat. On his petition, filed Aug. 16, were the signatures of several prominent Democrats. The final day to decline the candidacy was Aug. 19. It was not declined, The Times said.

WASHIGTON, TON, Ind. Aug. 29 (U. P.).—Homer E. Capehart, wealthy industrialist who sponsored a huge Republican “cornfield conference” near here last week-end, today denied as “silly and ridiculous” an assertion in Buffalo that he is seeking an office as a Democrat in Ambherst, N.Y. “I am a voter of Indiana,” Mr. Capehart said, “and I maintain my legal residence in this state. I don’t vote in New York and I live in the town of Snyder when I'm out there.”

BAKER CALLS VOTE PROBERS

Orders Grand Jury to Court, But Refuses to Reveal His Plans.

Criminal Court Judge Frank P. Baker today ordered the Grand Jury which has been investigating 11g irregularities in the primary election: to report in his Court at 9:30 a. m. Friday. “1 want to ask the jury about some things,” Judge Baker said. Asked if he intended to give the jury new instructions, Judge Baker said he didn’t “know exactly what I'm going to do.” The Judge said that he instructed the jury on July 6, that he was gone on a vacation for seven weeks and that he had heard that the first witness was not called until after his return.

Own Appointments Halted

Judge Baker recently was restrained by the Indiana Supreme Court from appointing his own speStat prosecutors for the investigaon. The writ of prohibition, asked by Prosecutor Herbert M. Spencer, claimed that the Prosecutor’s office was “ready to conduct a fair and impartial investigation” and that no special prosecutors were necessary. In his reply to the writ, Judge Baker charged that Prosecutor Spencer “was not. in a position to conduct an impartial investigation because the Prosecutor and several members of his staff are candidates for several offices.”

Rehearing Now Sought

A new petition is pending in the Supreme Court, asking for a rehearing on the writ of prohibition. The rehearing was asked by Attorneys Fae W. Patrick and Harold Bachelder, who had been tentatively appointed special prosecutors by Judge Baker, The Grand “Jury continued its probe today after examining 15 or 20 witnesses in the last two weeks. A large stack of ballots was carried into the juryroom. : Prosecutor Spencer said Carl Vandivier, County Republican chairman, and Sheriff Ray would be called to testify tomorrow or Wednesday.

BULLETIN

The State Fair Board today discussed plans for a proposed $1,000,000 Coliseum at the State Fair Grounds and announced plans for construction of $500,000 4-H Club building. The proposed Coliseum would seat 12,000, Board members said.

BIC VOTE IS DUE INS. CAROLINA BROWN IS OUT

NATIONAL POLITICS . COLUMBIA, S. C.—Record vote expected in primary. : SAN FRANCISCO — McAdoo and foes end campaign on air, HYDE PARK — Roosevelt to make speech against Tydings. : WASHINGTON — Sheppard approves U. S. employees’ con- . tributions. : NEW YORK — Col. Roosevelt ‘ ‘gives -indorsement to O'Connor. AUSTIN—Texas Democrats defeat New Dealer Kilday.

Indiana political news, Page Three; "The Senator Norris of the House," Page Nine.

By THOMAS L. STOKES Times Special Writer CHARLESTON, S. C, Aug. 29.— President Roosevelt’s eleventh-hour advice to South Carolinians from Hyde Park was expected today to assure such an outpouring for tomorrow’s Senatorial primary as never has been matched or even approached in the State’s history. But whether the result will be the unseating or the renomination of Senator Smith over the New Deal candidate, Governor Johnston, is another question. The President said the withdrawal of the third man in the race, State Senator Edgar A. Brown, “clarifies the issue.” And of Messrs. Smith and Johnston, he said, without naming names: “One of these candidates thinks in terms of the past and governs his actions accordingly. “The other thinks in terms of 1938 and 1948 and 1958 as well.”

330,000 Votes Expected

Some 422,000 voters, a record, are enrolled for the primary. The greatest vote ever cast in a primary in the State was 297,000, in the governorship race of ’34. Tomorrow

is expected to see at least 330,000 ‘at the polls. State-Senator Brown’ s withdrawal Saturday night, though rumored for two weeks, created confusion among supporters of the other candidates, both as to its cause and as to its effect. Both Smith and Johnston forces were claiming they would benefit. Everybody agreed on the truth of Mr. Brown's confession that he would have run third, but he would have got some votes, and where these will go now is vitally important. For the Smith-Johnston race has been generally considered close by political experts, though Senator Smith usually was given an edge. ‘Deal’ Suspected by Some

Some advanced the theory today that Mr. Brown withdrew only to avoid a loss of prestige. Others could not down the suspicion that a deal was involved somewhere— just where was not obvious. The State Senator is most bitter toward Governor Johnston, because of the latter’s attempt to oust the State Highway Board early in his administration with a squad of ma-chine-gunners. Because of this feud, Senator Smiths adherents predicted that the bulk of Mr. Brown's support now would go to the Senator.

California Candidates

End Campaign on Air

SAN FRANCISCO, Aug. 29 (U. P) .—California’s: turbulent political campaign, marked by President Roosevelt's intervention in behalf of Senator McAdoo, reached its climax today with a series of radio broadcasts before tomorrow’s pri‘mary. Senator McAdoo and his principal opponents on the Democratic ticket, Sheridan Downey and John Preston, chose to make their final appeals by radio. Republican Senatorial candidates and Democratic and Republican candidates for Gov-

| ernor likewise scheduled numerous

radio addresses. Mrs. Roosevelt's indorsement of Senator McAdoo, originally made while he was on his transcontinental tour in July, was renewed last week when the President attacked the State's proposed $30-every-Thursday pension plan as unworkable. Senator McAdoo has op(Continued on Page Two)

o| Long Terms

Given 2 on

Drunken Driving Counts

TRAFFIC AT A GLANCE

INDIANAPOLIS — Thirteen hurt in 33 acidents; two sentenced for drunken driving. INDIANA—Six killed, 22 injured. CHICAGO—Safety Council reports auto death toll decline.

Two drunken drivers were given heavy sentences on -the Jndiana State Farm in Municipal Court today after police “cracked down” on drinking drivers in an ‘effort to halt

| a sharp increase in traffic accidents.

Fourteen were arrested on drunken driving charges during the week-

9| end when 13 were injured here in

33 reported accidents. Two of the

4 | victims. a man and a child, were 6 | reported in critical condition. Other } -| accidents throughout the State

Fifteen motorists appearing before Municipal Judges Charles J. Karabell and John McNelis were ordered to pay fines and costs totaling $194,

.| with an additional $93 suspended.

Four were granted continuances. - -Heaviest penalty was imposed on Floyd Tricker, 30, of 1021 W. New York St, charged with drunken driving, failing to stop after an accident, intoxication, no driver's license, and vehicle taking. He was assessed fines and costs totaling $186, and was given three State Farm sentences of 180 days and one of 90 days, to be served concurrently. Patrolman Otto Mays testified a car Tricker was driving struck a utility pole at Blake and Washington St. early Sida and was over-

MONDAY, AUGUST 29, 1938

lawns. The “flood”

MISS HOLCOMB DEAD ON COAST

Daughter of Manufacturer Contracted Pneumonia On Alaskan Trip.

(Photo, Page Three)

SEATTLE, Aug. 29 (U. P.).—Miss Jessie Holcomb, daughter of a prominent Indianapolis family, died at a Seattle hospital last night of pneumonia contracted on a vacation trip to Alaska.

Dr. C. S. Leede, who attended Miss Holcomb, said she was ill aboard ship about three days. She was taken to a hospital here when the boat docked Saturday.

Miss Jessie Mae Holcomb, daugh- | 3, ter of Mr. and Mrs. J. I. Holcomb, died at 11 o'clock last night (Indianapolis Time) at the Swedish Hospital, Seattle, Wash., relatives here were informed today. Mr. Holcomb

Manufacturing Co. and the Holcomb & Hoke Manufacturing Co. Miss Holcomb, who was 45, died | within a few moments after she was. taken ‘to the hospital. Pneumonia had developed suddenly from & cold contracted on an Alaskan boat trip with her parents, Ray Holcomb, her uncle, said. Miss Holcomb and her parents had left here Aug. 12 to take the eruise. Mr. and Mrs. Holcomb were expected to leave Seattle some time today or early tomorrow. Services

Details have not been arranged. Miss Holcomb lived with her parents at their Indianapolis home, 4709 Cold Springs Road, and at

ing the winter. She and her parents travelled considerably. Miss Holcomb was born at Belding, Mich. In 1906 she and her family moved to Indianapolis from Sullivan. She was educated in- the public schools and Tudor Hall here. She was a member of the Meridian Street M. E. Church. She is survived by her parents; her grandmother, Mrs. Rebecca Holcomb, 3201 N. Meridian St.; her uncle, Ray Holcomb, and three aunts, Mrs. Jessie Spring, Miami Beach, Fla., Mrs. Ethel Hislop, who lives with Mrs. Rebecca Holcomb, and Mrs. Mintie Spitler, Tampa, Fla.

Hoosiers Are Oldest Twins At Convention

and Virginia Maenza, 21, Birmingham, Ala., were selected as the most identical twins last night at the first international twins’ convention. The judges could find only one difference between them, a matter of two-tenths of a pound. Virginia weighs 110.8 and Ann 111. The girls won the prize from nearly 750 sets of twins after a parade through Grant Park. The most unidentical twins were Don and Dona Koehler, 13, Chicago,

Esther Selzer, 22, Chicago. Rosella and Estrella Dille, 83, Minton, Ind., were the oldest present.

MODERATE WEATHER "FORECAST FOR CITY

TEMPERATURES |

m....65 10a. m..... 80 m.... 69 11 a. m...., 81 Mm..... 4 12 (Noon) ,. 81

a. a. Re a. 9% 1p. m.... 8

m..... Continued moderate temperatures appeared, in store for Indianapolis tonight and tomorrow. The Weather Bureau forecast includes probable showers tonight, with fair weather

ture tomorrow.

Residents of Keystone Ave. near the intersection of E. 38th St. awoke this morning to find water from the city reservoirs lapping at their front was caused when an auto-

is president of the J. I. Holcomb

probably will be held here Thursday. |

their Miami Beach, Fla., home, dur-|

CHICAGO, Aug. 29 (U. P).—Ann|

and the most beautiful, Ruth and |:

and not much change in tempera-| 1

8:10 8. m.. aay on his w

¥

Seversky Sets Record on Hop To Kansas City

KANSAS CITY, Mo., Aug. 29 (U. P.) —Maj. Alexander P. de Seversky, trying for an East-West transcontinental speed record, refuled here to-

‘day and immediately took off again

on the second leg of his trip. The plane is a single-motored military type pursuit model.

Maj. de Seversky, who left Floyd | ‘Bennett Field, N. Y., at 5:37 (In-

dianapolis Time), arrived in Kansas City at 9:51 a. m. and left at 10:22 a. m. This was the fastest time ever made on a Westward flight from New York to Kansas City. He took on 354 gallons of gasoline and said he would fly the remainder of the distance nonstop. Flying conditions were excellent, he said. Maj. de Seversky has an airplane plant at Farmingdale, N. Y., where e pursuit planes are built. He be. to deliver the plane to Mrs. Jacqueline Cochran Odlum at Burbank. She will fly it back East for the Bendix air races on Sept. 1.

Passes Over City at 12,000-Foot Altitude Major de ; Seversky flew rt 3;

tempt.

% effi gal, to i them he was. lying at 12.000. feet, averaging 280 ‘miles an hour. Thirty- nine minutes after he passed here, he was Teporteq passing St.

‘Louis.

“= HOOSIER ROBBED AND SLAIN IN ‘MICHIGAN New Castle Salesman’s Body Is Found in Car.

PLYMOUTH, Mich., Aug. 29 (U. P.) —Robert A. Mouch, New Castle,

was found robbed and slain today. |

State Police found that Mr. Mouch had been shot in the head and that he apparently had been slugged before the shooting. The body was found in the front seat of Mr. Mouch’s automobile. The machine was partly in a ditch beside the lonely road. ice found: fingerprints on the car and footprints beside it which they hope will lead to the capture of the slayer. Mr. Mouch had been dead for about five hours when his body was found by a truck driver, Coroner John Robbins said.

Mr. Mouch was a salesman for |: | the Hobart Manufacturing Co. work-

ing out of the Detroit office. He came to Detroit from New Castle last February.

TOWNSEND AND AID “FISHING IN CANADA

Governor Townsend and Dick Heller, his executive secretary, are on a fishing trip in Canada and are not ‘expected to return until Labor Day, the Governor's Office announced today. They-left immediately following the Indiana Democratic Editorial Association conference last week-end at French Lick.

> Entered as Second-Class Matter Indianapolis, Ind.

Auto's Capers Cause North Side Flood’

at Postoffice,

mobile went out of control and broke off a fire hydrant. Police said: John G. Karstedt, 66, of 2430 N. Delaware St., feverishly to cap the hydrant.

was the driver. Officials worked

‘UP TO HITLER," JOHNSON SAYS

More Resistance Claimed Necessary to Prevent War in Bohemia.

By GEN. HUGH S. JOHNSON Times Special) Writer BETHANY BEACH, Del, Aug.9.— The question most important to humanity now is whether there will be war in Europe. The threat seems to be heavier than at any time this

year, And yet it is impossible to make an intelligent guess, no matter how carefully or with how much expert background you study every known development. Why? Because, unlike any such previous situation, the decision rests in the mind of one man, and he is a little bit batty, Mr. Hitler. The world knows precisely what he would do if he could because he has made no bones about telling

‘Can He Win?’ Is Question

He intends to unite all GermanPadle under his own dictatorship’ and “push toward the East.” So far as Herr Hitler is con-

cerned, the question of war at any}

stage of his planned progress is

Solely 3 whether he thinks he can

At some point in the announced plan, he must have the Bohemian mountains. For centuries it has been a professional military axiom that so only can any conqueror dominate Middle Europe.

Thus there is only one reason why.

the Nazis may not now try to bite off all or a piece of Czechoslovakia, and that is not whether possible military opposition from whatever military source can prevent it, but

whether Herr Hitler thinks it can

prevent it. Does he? After studying every word of contemporary comment out of Europe and some private advices, I don’t know and I think no commentator knows.

Army’s Strength Not Known

But there are some considerations: . Even the strength of the pre ¢ German Army is not clear, and that is one side of the equation. The unexpected appearance of revolutionary new ordnance, 10-inch field guns, at the review staged for Hungary's Regent Nicholas de Horthy isn’t important in itself.. They probably are impracticable. But the fact that the existence of several batteries of these should have been unsuspected is a symptom of the extent to which Germany has gone (Continued on Page Two)

COBB IS BALKED IN

RECORD RUN BY BY STORM his speech

BONNEVILLE, (LE, SALT FLATS,

Utah, Aug. 29 (U. P.).—John Cobb, British fur broker, today postponed a scheduled attempt to break the world land speed record of 345.49 miles an hour, set Saturday by a fellow countryman, Capt. George E. T. Eyston. ‘A thundershower forced the postponement for at least 24 hours. Mr. Cobb had expected to drive his

‘Railton speed car through the

measured mile over the Bonneville Flats early today.

Britain and France have warned

.| Germany directly of the possible

consequences of any aggression against Czechoslovakia, it was said today in an authoritative quarter. The same sources said that Russia, Rumania and Jugoslavia had told Germany that they would support Czechoslovakia. The information as given here was as follows: 1. Britain on more than one occasion has warned Germany of the possible consequences of an attack on Czechoslovakia over the minorities dispute. The warning was conveyed by Sir Nevile Henderson, Ambassador to Berlin, now here after being called home Saturday to receive secret instructions.

France to Stick by Pact

2. Gen. Joseph Vuillemin, chief of staff of the French Air Force, informed Field Marshal Hermann Goering, Germany's air chief, in response to Herr Goering’s inquiry; that France emphatically would carry out the terms of the French-Czecho-slovak military pact if Germany marched on Czechoslovakia. 3. Russia, Rumania and Jugsclavia warned in response German diplomatic inquiries, Hs they would defend Czechoslovakia against apy attack. This put the Czechoslovak crisis on a somewhat new basis. It would indicate that the speech in which Sir John Simon warned Germany Saturday in behalf of the Government was merely a strained version for the public of what actually had occurred. Sir Nevile was said to have warned Germany not once but on several occasions. Another Warning Reported As for France and Russia, each is bound to defend Czechoslovakia un‘der a defensive military alliance. As for Rumania and 1 Jugoslavia, they are Czechoslovakia’s partners in the Little Entente, and. equally pledged to stand by her. It was reported today that the Government would address another warning to Germany tomorrow, by Sir Nevile Henderson, pointing out the difficulty Great Britain would have in remaining neutral in any conflict that might arise from a German invasion of Czechoslovakia. It was reported also that Prime Minister Chamberlain might back up this declaration with a personal letter to Adolf Hitler.

Chamberlain Returns

The Prime Minister returned from the country this morning and went to his official residence-office at 10 Downing Street. Viscount Halifax, Foreign Secretary, returned and went into conference at once with Sir Nevile Henderson. Sir John Simon, Chancellor of the Exche. quer, returned to the Treasury after in Scotland. Jan Masaryk, Czechoslovak Minister, visited the Foreign Office to discuss weekend developments. - Stocks in London were quick to show the alarm over the foreign situation. Government bonds, German and Czechoslovak bonds, and trans-Atlantic stocks. dropped. Poland’s attitude in the crisis was uncertain, nor was it revealed whether Germany had sounded out ‘Poland. If she did, Warsaw has not ‘advised London or Paris. Rumania and Jugoslovia both informed

the French. while Moscow informed (Continued on Page Two)

77.000 to Return to School Sept. 6;

More than 77,000 Marion County and Indianapolis public and parochial school children will return to classrooms Tuesday, Sept. 6. More than 60,000 will return to Cit § schools while about 17000 will

saw a possibility of a slight gain

in the high schools.

Registration for the A parochial

tion Sept. s Public school teachers’ and prinae Settings Thursday and Frition’ the following

Mr. Morgan and Carl Wilde, School Board president, will address the general meeting of instructors at the Technical High School audi-

torium Thursday morning. Mr. ‘Wilde, who will conclude his term as a School Board member on

"| Jan. 1, will speak on “Public Edu- . | cation in Indianapolis—Some Ob-

servations After Four Years of Responsibility.” Mr. Morgan will discuss “Areas of Emphasis.” -D. T. Weir, assistant superintendent, will preside and W. Harold Gossett, Federation of Indianapolis Public School Teachers president, will pay tribute to teachers who

Dates for ‘Registration Are Announced

half-day session Tuesday, Sept. 6, and high school pupils will report to their schools at 8:15 a. m. Washington High School pupils are to meet for convocation in the new gymnasium. : All pupils entering high schools for the first time will report Tuesday afternoon, Sept. 6, at 1:30, All day sessions in all schools will begin the following morning. Elementary school classes will be from 8:30 a. m. to 11:55 a. m. for the morning session and 1:10 p. m. to 3:00 p. m. for the afternoon session. "Pupils who are not 6 years old, but who will be 6 by Nov. 16, may enter school on Sepl.8y it Yat

> LONDON, Aug. 29 29 (U.P) —Great |

AS FIVE POWERS WARN GERMANY

: IN THE AMERICAS : NEW 'YORK—European crisis sends stocks tumbling. IN EUROPE LONDON—Envoys to Berlin will deliver new warning. PARIS—French Army maneuvers near German border. BERLIN—Hitler inspects Rhineland defenses. PRAHA—Runciman warning to Henlein reported.

(Gen. Johngon says resistance to Hitler is weak.)

HENDAYE—Loyalists claim Rebel lines severed. |

IN THE FAR EAST | SHANGHAI—U. S. gunboat still bottled up in Yangtze.

NEW “YORK, Aug. Aug. 29 w. Pl America followed the trend of European markets today and dumped stocks until values on the New York Stock Exchange had been reduced by two billion dollars. | War scares in Europe sent prices down on all the leadings stock mare kets abroad. Selling e out in New York at an active opening and soon gathered such momentum that tickers fell behind. ¢ ‘The mid-session level was the lowest since Aug. 15, and the break in the industrial average was the most severe since March 29. It amounted to 4.40 points. The railroad average, which lost 1.20, had its most severe decline since July 16 and the utility

average the heaviest drop since June 18.

Steel Operations Up : Transactions picked up until thé market was running at a rate of

around two million shares for a full session. Prices steadied somewhat at mide session when the American & Steel Institute announced steel operations for the nation’s steel come panies were scheduled this week at 44 per cent of capacity, the highest since Nov. 1, 1937. Losses extended to more than: a share in the leading issues. Aute shares were hard hit, fiotably General Motors, which had a loss of $3.62%, or $146,812,500 in the valua‘tion of all listed shares.

Standard Oil of New Jersey 411 $2.75 a share, or $72,118,750 in value. Du Pont, largest shareholder of General Motors common stock, lost $5.75 a share, or $63,468,500 on out standing shares. United States Steel common stock at its low was off $3.371% or $29,372,625 on the basis of its outstanding stock. Kennecott showed a decline of $2,37% or $35; 699,875. The New York World-Telegram said today that it had learned that General Motors tried and failed to get war risk insurance for its huge Luton, England, plant despite its willingness to pay almost any rate.

Buoy Confidence, Bank Tells U. S.

NEW YORK, Aug. 20 (U. P).~ Genuine business recovery never has been built on currency manipulation and governmental “lending and spending” programs, the Guaranty Trust Co. of New York said today in its monthly publication, The Guaranty Survey. Reviewing the course of the recent business recession’ and the current . recovery movement, the Survey contrasted these economic fluctuations with past cyclical movements, and suggested that the Government might best aid recovery by bolstering confidence in its own credit and in the soundness of the currency. “In repeated instances the suce cess of this effort marked the be ginning of recovery” the bank ase

PUPILS BEGIN STUDY IN TRAFFIC SAFETY,

Training of 266 pupils from Ine dianapolis public and parochial school was to begin this afternoon at the School Safety Patrol Camp at the Boy Scout Reservation. Enrollees in the one-week school are to be instructed in patrol problems and leadership, and safety in the home, street and in the water, in preparation for assisting Indianapolis’. 2300 school patrol officers who will.go on duty when schools open Sept. 6. DeWitt S. Morgan, schools super-

.intendent, is to speak at a teachers’

and visiting: day program Wednese day. Enrollees are to take part in safety stunts in an openhouse program for the boys’ parents and friends Thursday. Camp commandant is Charles W, * Youngman, Calvin Fletcher, Junior High School practical arts ine structor. Sergt. A. C. Magenheimer, Police ‘Accident Prevention Bureau member, is assistant commandant, and William A. Evans, schobls safee ty director, is superintendent. 43 Sponsors of the ‘camp are the Ine

,000: .2; Boston, 9.1, and St. Louls, 93. AABN A.

BULLETIN : PHILADELPHIA, ag