Indianapolis Times, Indianapolis, Marion County, 11 May 1939 — Page 10

THE INDIANAPOLIS TIMES ____ »

lon . . e group holds the church, the Sign 1Q JUDGE QUOTES BIBLE other 100 hymn books and the parTO END CHURCH ROW sonage. Each filed suit to dispos- | [sess the other. PORTLAND, Ore, May 11 (U. P).| Judge Mears quoted from the 5th —District Judge John A. Mears Chapter, 25th Verse of Matthew: : | quoted a Biblical pasage to end a “Agree with thine adversary quickly | dispute between factions of the Gos- | whilest thou are in the way of him, i | pel Light Tabernacle. |lest at any time the adversary de- : | Unless it is observed, the judge liver thee to the judge and the| | said. it will be necessary to begin | judge deliver thee to the office and | | hearings on suits filed by both sides. [thou be cast into prison,” |

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PAGE 9

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THURSDAY, MAY 11; 1939

MONEY STRIKE TIES UP DRIVE | FOR RECOVERY.

Men With Huge Reservoirs Of Capital on ‘Sitdown,” | New Dealers Say.

Oldest Loan Brokers in the State — Legal tes

RE 53 0 CHD MAXX EXES TRO SX KER

By THOMAS L. STOKES Times Special Writer

ve al ; ( This situation, rumored for some |

\ \

time by New Dealers and somewhat

men with big investment reservoirs | Ee = “4s i=) \

discounted by others, is substantiated by a survey among Admin-| istration officials whose duties bring them into contact with business, industry, banking and finance

It forms the darkest portion of ) the present business picture, which : i is in some aspects favorable, and 3 ; al has tied the Administration's hands Sa : Thi a in its attempts to produce real re- ail n : : SRN covery from a number of otherwise | a propitious factors. 3 .

Private Spending Needed

This is why the so-called “busi-| ness appeasement” has gone sour Those to be “appeased” won't ap-| Pol pease. Private spending, the investment | of capital in new enterprises, is es-|

Times Photo. Dean Schwartz (left) are outlined in gold. Within the gold circle is the monument, in blue, and | the initials “I. P. D.” at the corners, The splash of color has attracted much attention.

Lieut. Lawrence McCarty (right), head of the ice Accident Prevention Bureau, inspects new issued to Indianapolis policemen. worn by Sergts. Noland Hill and “ay A %

Crowe Praises McNutt a oe In Letter to Colleagues TAR

insignia being The triangles,

A friendly manufacturer, compelled to close out his overstock of woven fiber furniture—offered it to us at a very drastic price reduction. We knew our customers wanted these beautiful suites for YY their sun rooms, living rooms and AXA OS {0 Ya summer porches — ESPECIALLY oo OANA no AT THE AMAZINGLY LOW I PRICE at which we were thus able : to offer them!

. HR BERNYXN OOK 0 Times Special 4 Ag LXV \ AA V,9 a WASHINGTON, May 11.—Democratic members of the House today Bn

received a “follow-up letter” in the direct-by-mail campaign of Paul V. McNutt for President in 1940. X | The first letter came a few weeks ago from the McNutt headquarters | at Indianapolis and was signed by Frank M. McHale, who is managing the preconvention campaign for the former Hoosier Governor. | v . Today's letter was addressed to] MANILA, P. I, May 11 (U. P).—{pemocratic colleagues in the House thinking, fits the complex situa- | | Paul V. McNutt, U. 3. high commis- | by Rep. Eugene B. Crowe (D. Ind.).| tion which confronts us next year.|

sential to start a real upswing. This | why men with investment capital] are holding back. They usually emdering what that man in the White | . House is going to do next,” ete. ‘Former Governor Sails for i China, First Leg of are going to wait for a change of Administration.

is necessary to supplement Govern- | ment spending. Retail trade is good, | and in some cases record-breaking. | ploy such vague expressions as| Some, it develops, now have come : Trip Home. In short, they are just going to

Inquiry develops various reasons | y CHEERS M’NUTT “fear,” “lack of confidence,” on-| — to the point where they say they sit.

So here they are—ready to go on sale! Come and see them—see what truly wonderful values they really are!

Other Reasons Cited

Other reasons assigned are: | They won't risk their money when sioner to the Philippines, sailed for | Ninth District Congressman and an| His record as a vote getter and oh la : 3 the Government takes nearly all China today on a voyage that will | Original McNutt-for-President man. | organizer proves that he has the oo \ VV \ gS of it back in taxes. These are put. to the United! Just as the McHale letters were|gpility to harmonize and lead all aw / . A : ting their money into Government : oe | worded differently when addressed elements of the party without sacris| WV A A YE J bonds. States late in June. 1 { to congressmen who have native son | ficing the essential principles of any Ra VY i "AY I WY \ They are afraid the Government ' Observers predicted that the | aspirants in their own state, so Were | of them. | \ "SN X) Q

V 7 WE A J ¥ . Tdian TAY aR v 1 . | 4 X / \/ SZ will move In some new direction former Indiana Governor would re-| the Crowe letters. |, TEven 3 you have & canduiate] EPI {ode ied) \

end with his return

which will compete with them. on his es Host when he | To colleagues from nonnative son | but if he should not be nominated, reacnes / meres and begin an ac- | states, Rep. Crowe wrote: I should like to have vou consider (live campaign for the Democratic| “This is in the way of a ‘follow- :

OA)

This is especially noted among the

utilities. They are afraid of further devaluation of the dollar, and use of the power to issue $3,000,000,000 in greenbacks Also cited as reasons holding new investment are monopoly investigation, which some seem to fear will bring new regulatory legislation, and existing laws such as the Wagner Labor Neon Act and the wage-hour aw,

for with-

Finds ‘Bitter Hatred’

While officials regard many of the fears as groundless, they concede that the fears nevertheless exist One man who sees a good deal of bankers has found among some of them a bitter hatred of Mr Roosevelt. The banking picture is spotty. Some bankers are reported actively seeking loans, while others are doing very little. The directors of one big New York bank recently discussed a proposal to send out notices to big clients who had maintained a line of credit, reminding them that they had not availed themselves of it, but finally voted the proposal down Some cases are reported where small banks in fearby communities have gone into the cities and made industrial loans where the city

banks were not making credit avail-!

able Generally, banks are loaded with funds and are not doing much lending The demand for credit seems to remain slack. In April loans bv Federal Reserve member banks were a billion dollars below those in the fall of 1937, which in turn were much below the average before 1929

however

NEW GADGET MAKES BETTER MOVIE FOG

HOLLYWOOD, May 11 (U. P.) — The movie men, who make their weather to order, came out today

with a gadget that creates a better 1

fog

ner Brothers technicians shoots tiny Jets of air under high pressure through a vat of mineral oil. The resulting vapor resembles fog. By cooling the spray with dry ice it can be made to cling to the ground.

~——

the |

The machine developed by War-

| presidential nomination. Mr. McNutt, his wife and their daughter were given a tremendous sendoff, described as one of the (largest and most spontaneous in Philippine history. Hundreds of persons stood cheerimg on Dewey Blvd. as Mr. McNutt

his wife and their daughter motored |

from their official residence to the Navy piers where the Navy trans- | port Chaumont waited to take them { to China.

Given 19 Gun Salute

! | vote-getting point of view

As their automobile passed the ruins of historic Ft. San Antonio

[ up’ to the letter vou recently re- | ceived from the Hon. Frank McHale, | Democratic national committeeman | from Indiana. He sent vou a folder outlining the remarkable career of former Governor Paul V. McNutt, whom, as vou know, we are proposing for party leadership next year. “From a practical political point of view, he is well acquainted throughout the country. As national commander of the American Le- | gion, he visited every state. “Particularly valuable from a is his | standing with the teachers and the | Parent-Teacher Associations. This

Abad, where the first American flag influence reaches into almost every

was hoisted in the Philippines, a

battery of cannon roared a 19-gun |

salute. Thousands jammed the pier, with Commonwealth President Manuel! Quezon in their forefront. As the

Chaumont pulled out, every vessel (SOR Of tact and understanding and |

in the harbor shrieked a farewell of whistles and sirens and a flight of 18 U. S. wings in salute Mr. McNutt planned to spend a few days in North China before sailing from Shanghai on the S. S.! President Coolidge to arrive in San| Francisco. June 23 Press Joins Tribute i The Manila press joined in trib-| utes to the departing administra- | tor The Republican Bulletin said “his grasp of the Philippines situation and the Far East crisis was such as to argue against his leaving thej commissionership at the present! time, although it is readily admitted he is peculiarly desirable from a Philippines point of view for the { American presidency.” Mr. McNutt himself has not disclosed his plans directly. But a

Army planes dipped their|

household.

Praised as Campaigner “As a campaigner, he is compe-

tent, courageous, clear-cut, concise,

convincing and experienced. As an organizer, he has shown to be a per-

is, to my mind, admirably fitted to { harmonize all elements of the party. | “As a vote-getter, he has a proven record. He has never failed of election for any position which he has sought, including state and national commander of the American Legion and the Governorship of Indiana. “Won't vou chat with me on this subject at some early opportunity?” The native son state letters read: “I am writing you in the interest of my good friend, Paul V. McNutt, for President. If it should happen that you have a favorite son from your own state, please bear in mind that I have no desire to encroach. “In case vour state has no candidate of its own, please consider this letter a follow-up to the one you have already received from Hon.

our man as a second choice.

“Won't you please make an op- |

portunity with me at some time in the fu- | ture?” | The McHale letters also went to {all Democratic senators Rep. | Crowe announced that he intends i shortly to send similar letters to all former Democratic congress-

to discuss these matters

men who have served in the House

| during his four terms.

2 WOMEN HURT IN

OVERNIGHT TRAFFIC

{ Two persons, both women, were

hurt in overnight traffic accidents, police reported today.

| Mrs. Laura E. Ray, 3608 N. Merid- |

[ian St., received chest injuries when | the car she was driving and one

| field collided at

Oriental St. and

| to Methodist Hospital.

{driven by Louis Stilker of Green- |

| Marlowe Ave. Mrs. Ray was taken |

| The second victim was Mrs. Rosy |

| Jenkins, 814 W. Michigan St. Mrs.

{ Jenkins was bruised on the knee!

{when the car in which she was rid{ing collided with another driven by { Albert B. Westbrook, 3173 Central Ave. and glanced off into a parked car at 3803 E. Washington St. { Abe Mosley, 814 W. Michigan St., | driver of the car in which Mrs. Jen{kins was injured, was arrested for | failure to have a driver's license.

| Little damage was done to the cars!

| involved, police said. |

Frank McHale, Democratic national |

committeeman from Indiana. enclosing a duplicate folder of Mr.

campaign already has been opened McNutt.

to further his candidacy for the |

Democratic nomination pointed to the Philippines post in 1937 by President POSTMASTER EXAMS SET WASHINGTON, May 11 (U. P). —The Civil Service Commission announced today it would hold open competitive examinatoins for the postmastership at Valparaiso, Ind. Applications must ton by May 29.

He was ap-|

reach Washing- |

Record Termed Outstanding “Your own political

record as an executive. He has shown his ability as a vote-getter. He is an organizer of outstanding success, having tact and understanding and the faculty of inspiring unswerving loyalty amongst those who know him. “He is an energetic and forceful

campaigner and to my way of]

MARTIN ROSENBERGER _

WON

PARE

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