Indianapolis Times, Indianapolis, Marion County, 3 November 1938 — Page 13
PAGE 18 ‘BUSINESS EDUCATION
Strong Accounting, Bookkeeping, Stenographic and Secretarial courses. Day and evening sessions. Lincoln 8337 Pred W. Case, incipal.
Central Business College
TIMES
of Talk
THE INDIANAP ten Instead
. THURSDAY, NOV. 3, 1038
Lincoln Experience
oy ticular kind of eucalyptus is necessary for feeding the famous Australian koala bears, and as this has to
be obtained from a great distance, “tasters” are employed: to be sure
SOMEONE CATCHES DOG CATCHER’S DOG
i
| WA
Foreshadows Doom Of Fads in Money
/ 2
[MOR 0 SB RAAB « £
i For Lincoln had an experience “with printing press money which Bett a very bad taste in the national #motuth. « By 1862 the Government found it could not get the money it needed ito prosecute the Civil War by issuising bonds, even at 6 per cent. In-
2 stead of selling its bonds for less
.\Zthan par it chose to issue $150, 1:000,000 worth of notes, passing leg- : ation making these legal tender %for all debts except customs duties d interest on the national debt. ke Before the war was over, $450,1+000,000 in irredeemable notes were Zcirculating. They depreciated more *.than half. ; Cost Increase
«' Supplies for the Army were “bought with depreciated greenbacks. +It has been estimated that this
method of payment increased the “cost of the Civil War to the Gov~ernment—and therefore to the taxspayers— by $600,000,000, which was .a great deal more money in the +3860s than it is today. “* Within two months after the first Foreenbacks were issued, they began sdepreciating. - Prices started up- { ward. Workers’ wages did not catch
» 7 ~~ be &
} up with prices for seven years. ¥- In 1865 families were paying 55 “cents a pound for butter that had #cost 17 cents a pound in 1860. A { barrel of flour had gone up from © $8.25 to $16.25. Wages were 65 per 2 cent behind prices. Every dollar % the worker received was worth $1.55 ‘= but every one he paid out was worth w $2.19. #2 Families whose savings were in3 vested in mortgages or other loans = found that instead of a $10,000 reserve they had only $5000.
Great Fortunes Assembled
On the other hand, the very ‘wealthy, who could afford to buy up ¢ .greenbacks as a speculation and pull wires to bring about redemption, ac-
£5 MORE UTILITIESIN
Fri ge ss SR REVS AL
RFC Promises Funds for Co-operating Firms.
» = w : A high Administration official said
sutility systems have assured the = Government of their co-operation ‘ in the national defense power ex- * pansion program. * The official gave his statement shortly after Chairman Jones of the Reconstruction Finance Corp. predicted that utilities would have no difficulty in financing their two billion-dollar two-year power program, . Mr. Jones said that the RFC has been informed by the utilities who Swill participate that they will have + w»to borrow 250. million dollars from
A Sr ee
* * &the RFC. He has promised to have
- t available when needed. « =~ It was learned that of the 15 com-
‘panies represented at the confer-|
ence last week at which the program was formulated, only one refused to take part. That system’s representative, it was said, contended that the Roosevelt Administration was seeking to use the program for pre-election windowdressing.
APPEAL OF PARKERS DELAYED TO NOV. 16
PHILADELPHIA, Nov. 3 (U. PJ). —Hearing on the appeal of Ellis H. Parker, former Burlington County, N. J., detective, and his son, Ellis Jr., from their conviction on charges of kidnaping a Trenton attorney in connection with the Lindbergh case,
today had been potsponed again un- |
til Nov. 16. The Parkers allegedly tortured
Government Found in 1862 That Prices Vaulted With ‘Easy Tender’; California’s $30-a-Week Scheme Goes Before Voters Next Week.
By RUTH FINNEY ‘Times Special Writer (Editorial, Page 20) » WASHINGTON, Nov. 3.—If the current fad of looking to Abraham i Lincoln for comment on situations today continues, the Civil War Presi=dent undoubtedly will be put on record in opposition to California’s plan k for issuance of scrip to pay “$30 every Thursday” old-age pensions.
EXPANSION DRIVE
| (U. P.).—L. J. Wilhoite, chairman
WASHINGTON, Nov. 3 (U. P.).—|
. ~today that at least five additional] ‘tions offer to Wendell C. Willkie,
cumulated great fortunes when gold payments were finally resumed. An attempt was started in 1866 to retire the Civil War greenback gradually. But there was stern opposition from. all those who had invested while prices were rising and wished an opportunity to unload their investments on other people. Congress halted the retirement of notes. It was not until after Jay Gould’s attempt to corner the gold market, the collapse which followed, and the panic attendant upon the failure of Jay Cooke and all the banks and business men connected with him, that gold payments finally were vesumed in 1879. Today $346,000,000 in Civil War greenbacks, in circulation when Congress halted retirement, are still in circulation.
Bullock Answers
During the long controversy over retirement, defenders of the greenbacks argued, as they had in earlier periods, that the depreciation had done no harm but had acted as a gradual and invisible tax on the, community. Dr. Charles J. Bullock answered this argument in his “Monetary History of the United States.” ? “Such a tax,” he said, was the most unjust and harmful method ever devised for meeting public expenditures. It taxed only those who were so situated that they could not avoid it, and benefited sharpers, speculators, and dishonest debtors. It devoured the estates of widows and orphans, business undertakings, and wrought untold injury to public and pirvate morals.” : “Not worth a continental” was a by-word in Revolutionary days, and “shin plasters” were objects of scorn during the Civil War. California voters will decide next week whether “funny money” goes. into the same category.
paralyzed legitimate|
/
NEW SCHOOL TRENDS ARE HELD VALUABLE
They Are Stimulating, Says Technical College Head.
NEW YORK, Nov. 3 (U. P). — New trends in education, like styles in women’s clothes, are both good and bad but are generally stimulating and therefore desirable, Dr. Karl T. Compton, Massachusetts Institute of Technology president, said today. Speaking at the inauguration of Dr. Edwin Sharp Burdell as president of Cooper Institute, Dr. Compton said: “Some of the educational plans are inherently good and some are inherently bad, but much of their value lies in the sense of confidence land well-being that comes from wearing this year’s style, especially if it expresses something nf the wearer's own creative individuality.”
THREATENS TO BUILD CITY POWER PLANT
CHATTANOOGA, Tenn. Nov. 3 of the Chattanooga Power Board, indicated today that unless private utility interests offer to negotiate within a few days for sale of electric lines here the city will build! its own. Mr. Wilhoite sent a final negotia-
president of Commonwealth & Southern, after receiving approvai of a Federal loan and grant of $3,279,000 for construction of a municipal system to carry Tennessee Valley Authority current. Commonwealth & Southern controls Tennes-
Progress in education, he said, came in four steps: Rational analysis of problems; imaginative vision in new precedure; rational develop-
ment of that vision into a working
reality, and its final application with the “emotional zeal of a parent or a missionary.” College, Dr. Compton said, should be the place where education may be had under stimulating circumstances, not an “intellectual stock farm where the animals are fed and ‘attened for the market.”
DAYTON TEACHERS ASK PAY DAYTON, O., Nov. 3 (U.P.).— The Dayton Board of Education met today to hear resolutions of 1100 teachers that they will not return to their classes in the city’s public schools unless assured of receiving their salaries on time.
Mrs. John K. Goodwin talks politics with Alvah C. Waggoner, left, Republican nominee for State Senator, and Thomas A. Hendricks, his Democratic opponent, at the Indianapolis League of Women Voters meeting with legislative candidates.
Instead
Ex-Waiter, Cubs Owner, Stroke Victim
CHICAGO, Nov. 3 (U. P)). —Funeral services will be held Saturday for Charles H. Weeghman, 64, one-time waiter whose ability made him lunchroom king of Chicago
and eventual owner of the Chicago Cubs baseball club. : He died late yesterday in a hotel where he had been stopping for a rest during a journey from Hot Springs, Ark. to his New York home. He suffered a stroke Tuesday and did not regain consciousness. His first job was as a waiter in a “Loop” restaurant for $10 a week. He saved his money, opened his own restaurant and featured quick service with the one-arm chair system. Before long he was operating a chain and had expanded to theater interests. He became known as “Lucky Charlie.” In 1914 he backed the Federal Baseball League which had been organized to compete with two established leagues. It collapsed and he bought the Cubs from Charles P. Taft, a brother of President Taft for $500,000. In 1920 he sold out to William Wrigley.
SEEK MISSING PILOT LITTLE ROCK, Ark, Nov. 3 (U. P.),.—A National Guard airplane was to make another flight today to northeast Arkansas to search for W. H. Proctor, 26, Texarkana, Private pilot unreported since Oct. 4, ’
see Electric Power Co., the local
private utility.
WASHINGTON HOTEL BID AWAITING 0. K.
- The bid of $15,000 for encumbered
was confirmed today by Cari Wilde, Federal referee in bankruptcy. The bid was offered yesterday by the Ohio and Alabama Realty Co.
‘PARKING PROHIBITED, MAIL BOX, FIRE PLUG’
CLEVELAND, Nov. 3 (U. P.).—= Postmaster Michael F. O'Donnell, perturbed because motorists have been blocking “curb service” mail
boxes by overtime parking, announced today that hereafter the boxes would be placed over fire piugs. “Most motorists still respect a fire plug,” he said. !
IF YOU HAD A NECK AS LONG IS FELLOW AND HAD
SORE THROAT
assets, and $1385 for unencumbered property of the Washington Hotel Co. offered at a bankruptcy sale!
24™ ANNIVERSARY
of the candidates following their usual procedure of telling what they would do if elected, they took a back seat at the meeting while the League members told them what they should do. Mrs. Goodwin is president of the League. >
Times Photo.
SHIFT TO HIGH GEAR IS ORDERED BY PWA
Goal Is to Have Program Under Way by Jan. 1.
WASHINGTON, Nov. 3.—(U. PJ. —Howard A. Gray, assistant public works administrator, told regional directors today to take advantage of all latitude in local and Federal laws to. place the full $1,700,000,000 PWA program under construction by Jan. 1. Directors of the seven regions and their staffs attended “chalk talks” to receive instructions as the program of 6500 local Government projects entered the construction period. The regional officials were advised to comply strictly with local building ordinances, state laws and the Federal Relief-Recovery Act of last June. Mr. Gray, however, told them tQ cut red tape and employ engineering short cuts wherever possible to meet the Jan, 1 construction deadline. The regonal directors are stationed at New York, Chicago, At-
SANTA CLARA, Cal, Nov. 3 (U. P.)—What Arthur Byers is asking is: “Who caught the dog catcher’s dog while the dog catcher was busy
that the right ki found.
nd of eucalyptus is
Architects and Builders Building. Pennsylvania & Vermont Sts., Indpls,
catching other. people’s dogs?” Mr. Byers is the dog catcher and he promises it will go hard with some one when his question is answered.
NEW TYPE TASTERS APPEAR
KOALA PRK, Australia, Nov. 3 (U. P)—The “coffee tasters” of other countries have a counterpart
45-47 West Ohio St.
LI-0935
Ladies’ Heels, 15¢
We Deliver in Downtown District
OHIO SHOE REPAIR
- 18 South Hlinois St.. Corner Washington St. RI-0782
here in “eucalyptus tasters.” A par-
19-PIECE SEVILLA
Heatproof! Brightly Colored! Serve Right on the Table!
ERVICE bowls,
24c DOWN
includes 4 mixing 6 individual custards,
OVEN BAKE SET § #94
nest of 3 small casseroles with covers,
2-piece drip coffee maker!
lanta, Omaha, Ft. Worth, San Francisco, and Portland, Ore.
large covered casserole, pie plate and
3 Power Direct!
3 Power Indirect!
SEVEN-WAY LAMP
d
'24c DOWN
Paul H. Wendell of Trenton, N. J. into a confession: he kidnaped Charles A. Lindbergh Jr. The ‘“confession” later was repudiated by Wendell, but halted temporarily the execution of Bruno Hauptmann.
DUE TO COLDS
Don’t Dope Yourself For That “Morning After” Head
When your head throbsand you feel ‘‘upset” from too much food or drink 5
shade, streamlined column and onyx base. A grand value!
Don’t suffer all day. Just mix 1/50f a glass of Pluto Water j with 4/5 of a § glass of hot water. And—
Light
in Base
‘ “NO MORE NAVY, : cry the wives and the sweethearts of the men who man Uncle Sam's fighting ships, during the long dangerous practice days of maneuvers, during the endless torturing nights when anything can happen “out there.” “No more navy,” they vow, gathering in the gray morning at the Commandant’s house after some new casualty, fleet disaster. Yet they go on, these women, loving and losing and enduring, as stout: hearted as the men they stay at home to await. Read the story of their vagnificent courage in an intimately touching new serial of the seq, “Lovers Aweigh,” by Betty Wallace
YOU'LL BE “HITTING ON HIGH”
‘Millions have followed this quick vtogetridof ‘“‘morn-ing-after” head. ] J0, next time you have overindulgedin eating or drinking, geta bottle of Pluto Water from your druggist. on Follow the simple directions, and you will be amazed
RR uickdy. you 1 Wil feel yourself ~
{
WwW. you have over-in-dulged and are ‘‘paying the piper,” don’t dope yourself, but get rid of the cause of the trouble.
The quickest and easiest way to do this is to simply mix 1/5 of a glass of Pluto Water with 4/5 of a glass of hot water. Usually in one hour, or less, the excess wastes in the in«testinal tract will be cleared 2 Faway .When this happens ~ Jou'll be od to ean low
toappens.. much better you'll feel.
jn JEWELRY
137 W. Washington St.