Indianapolis Times, Indianapolis, Marion County, 13 October 1938 — Page 16

BIG INCREASE _ PREDICTED FOR 1939 BUILDING

U. S. Research Expert Sees Home, Factory, Utility Construction Gains.

INSIGNIA TAKEN FROM BODIES OF VETERANS

PLYMOUTH, Mass., Oct. 13 (U. P.) —Disclosure that ghouls had stolen insignia and uniform buttons from a vault containing the bodies of two Civil War veterans brought a demand from the Massachusetts Women’s Relief Corps today for an immediate investigation. Mrs. Mabel Lambert, departmental president, said that last week

the vault doors torn from: the hinges. On the vault floor, she said, were the veterans’ bodies, where they had either “fallen or been pulled.” =

EXPERT 5000 AT AIR MEET VALPARAISO, Oct. 13 (U. P).— Five thousand persons are expected here Sunday to watch an interclub contest of gas model airplanes. More than 50 planes owned by members of the Northern Indiana Gas Model Association and the Chicago Gas Model Aeronauts have

she and another member discovered been entered.

FUNERAL DIRECTORS FLAY RACKETEERING

NEW YORK, Oct. 13 (U. P).— Speakers at the 57th annual convention of the National Funeral Directors Association today denounced racketeers whose fraudulent burial schemes add economic distress to the sufferings of bereaved families.

Samuel J. Waters -of New York, association president, said burial

rackets flourished in many commu-

nities, especially in the South. He

said there was an urgent need for state laws to curb the rackets.

POSSE HUNTS MURDERER RUSTON, La., Oct.. 13 (U, P.).— Heavily armed. possemen today maintained search for a murderer who preyed on occupants of parked cars. He was sought in connection with the slaying of Robert Blair, 45-year-old paper mill foreman, and an attack on his 20-year-old girl companion.

HOOKS PRIZE PIKE: DIVER PULLS IT IN

SENECA FALLS, N. Y,, Oct. 13 (U. P.).—It may be a fish story, but it’s true according to two Cayuga Lake State Park lifeguards. Frank Poleck and Denton Woodward, the lifeguards, say it happened this way: While fishing after the park

closed, Mr. Poleck hooked an 11pound pike, but was unable to land

it. Mr. Woodward, fearing the fish would get away, dropped his line and dove inte the water, grabbing

the fish by the gills. It measured 34 inches in length,

INQUEST FIGHT RECESSED TORONTO, Ont., Oct. 13 (U. P.). —Hearing of a motion to block Dr. Smirle Lawson, Toronto chief coroner, from continuing an inquest into the death here July 6 of Mrs.

Maybelle Horlick Sidley, Racine,

y 4 Wis, heiress to a malted milk fortune, will be resumed tomorrow. . Justice C. P. McTague ordered &

one-day recess upon conclusion of yesterday’s court session.

LL ANING ALACE SALON vel SHOE

Nes! REPAIRING

2 FRENCH LICK, Oct. 13 (U.P) ey

Residence, factory and utility con-

struction will be increased greatly:

'n 1639, according to Lowell J.

Chawner of the U. S. Department ;

of Commerce, who spoke here before : the American Institute of Steel :

Construction convention.

Tre prediction of Mr. Chawner, =

who is chief of the Division of Research, was based on the new process of economic science now being used to study the construction field. Residential building might go up 40 per cent and in 1940 a total of 600,000 residential units probably will be built, Mr. Chawner said.

Recent improvements in industrial | production indicate a 30 per cent: increase in factory construction and |:

an advance of 15 per cent in con-

struction of commercial buildings is |:

“not impossible,” he asserted. “Electric light and power struction may very well experience an increase of 20 per cent,” Mr. Chawner declared. - “The present

‘unsatisfactory condition of railroad |:

earnings indicates this type of work is not likely to be much higher.” Dr. Miller McClintock, director of Yale University’s Bureau for Street Traffic Research, told convention members yesterday that permanent . solution of the traffic death and congestion problem will come only with construction of “limited way” routes.

Farmers, Home-Owners

Stronger, Fund Reports NEW YORK, Oct. 13 (U. P).—

Farmers and home owners, largely |:

because of favorable governmental policies, “are in a stronger and more hopeful position in the nation’s economic structure” than before the depression, the Twentieth Century Fund reported today. The total farm and home mort-

gage debt in the United States, ac- |; cording to the Fund’s committee on |:

debt adjustment, “has shrunk more than 18 per cent to about $25,000 000,000 under the violent readjustments of the depression and recovery years.” _ The committee report was based on a three-year investigation into the entire debt situation.

Reason for Confidence

As a result of its extensive refinancing activities, the Federal Government, the report disclosed, “has emerged as the holder of more than a third of all the nation’s farm mortgages and nearly onesixth of urban home mortgages.” The report added that “the farmer—if not the taxpayer—may congratulate himself on a very comfortable solution of the farm debt problem” because: “The farmer whose mortgage creditor is a Federal agency has good reason for confidence that his debt burden will be adjusted down-

ward in case of future price de- |: clines, although it is extremely un- |:

likely that it will be adjusted upward if prices advance.”

City Picture Not So Bright

The city mortgage picture, however, is not so bright, the report said, because many owners of mortgaged: homes stand to lose heavily “unless there is a very marked rise of prices carrying rents upward.” Much of the nation’s mortgage debt. fell into default, the report

said, the proportion in 1933 being |:

“between one-third and one-half.” “Despite Government refinancing of five billion dollars of distressed farm and home mortgages,” the commitiee reported. “another five ~ billion dollars seems to have been foreclosed by creditors. These foreclosures are the chief explanation of .the fall of mortgage debt be- . tween 1929 and 1936 from 40 billion to 35 billion dollars (both totals including mortgage debts on commercial properties).”

Debt Shrinkage Cited

The farm mortgage debt at its peak in 1928 totaled about $9,500,000,000. The figure fell to $7,650,000,000 by 1935, the shrinkage continuing through 1936, the report said. “The urban home mortgage debt, the study estimated, ranged from $13.200,000,000 in 1925 to about $21,200,000,009 in 1530 and down to about $17,100,000,000 in 1933. The committee is headed by J.

Lionberger Davis, chairman of the!

board of the Security National Bank Saving & Trust Co. of St. Louis, and includes Jacob Viner, of the University of Chicago and W. W. Waymack of the Des Moines Register and Tribune.

cago was research director.

DR. ABELL CHOSEN

con- |

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Albert Gai- |: lord Hart of the University of Chi- |#

FOR LAETARE MEDAL |

NOTRE DAME, Ind. Oct. 13 (U. P.).—Dr. Irvin Abell of Louisville,

president of the American Medical |’ Association, will be presented with

the Laetare Medal given annually to a Catholic layman for outstanding achievement in religion, education, social service or science, it was announced today. The award will be made here Nov. 5 and will be presented by the Rev.

John F. O'Hara, C. S. C., university |# president. Dr. Abell will be the 56th |

recipient of the medal. He is a

noted Kentucky surgeon and has|§ in improving medical |}

specialized and psychiatric facilities in Kentucky’s State institutions, particularly regarding the mentally deficient.

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29c¢ Novelty Bandeaux

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Men’s 1x1 Panel ribbed, full combed shirts or colorfast broadcloth shorts with full seats, well reinforced for wear. *

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New Bretons! Tricorns! Small Hats! In soft felts and rich velvets that look far more than their reg- = ular price! Black, : wine, green, rust, royal and navy. Sizes 22 to 23.

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Slipon styles in women’s gloves + « «» 4=button length and cuff styles! Black, brown, navy. Sizes 6 to 8.

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86 Prs. women’s House Slippers! Broken lines and short lots! Some counter soiled! Padded or hard leather soles! Broken size range.

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- 400 Women’s Cotton SLIPS

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