Indianapolis Times, Indianapolis, Marion County, 18 May 1939 — Page 10

PAGE 10

THE INDIAN

SLOAN OF 6. THINKS INCOME STILL CAN RISE

Tells Monopoly Committee His Firm Needs No Outside Finance. WASHINGTON, May 18 (U. P). —Alfred P. Sloan Jr, General Motors Corp. chairman, said today he believed the national income and the automobile industry would continue to expand together. Testifving before the Temporary National Economic Committee, Mr. Sloan disagreed with a Harvard professor who told the Committee several davs ago that the automobile industry had reached a stagnation point “I dont believe the industry has reached the point of stabilization the General Motors executive said “I think we can expect {further expansion in relation to the increase in the income of the country. “We Go Up Too’ “As the national income goes up we go up and I see no reason why that should not continue.” He said General Motors Corp. has had almost no outside financing in the last 18 vears—a period in which it made a profit of $2.:300.000.000. In the last nine vears, approximately 83 per cent of profits was distrib-

uted among stockholders. and ovei the entire 18-vear period a little jess than 80 per cent was Qistributed Mr. Sloan said that during those vears. the corporation has spent

770 million dollars in plant {acilities, 336 million dollars for special tools. and has invested 175 million dollars in subsidiaries It retained approximately 490 million dollars {rom profits and about 520 million dollars in depreciation funds

Agrees With Others

The Committee is trying to learn how present idle capital can be put into productive uses that would expand employment and business Chairman Frederick B. Rentschler of United Aireraft Corp. testified that his company, like General Motors. had expanded and met its requirements from earnings without needing outside capital

Edward Stettinus, U. 8S. Steel Corp. chairman and Owen D Young. General Electric Co. chairman, testified vesterday that then

corporations were capable of existing own resources under normal conditions and had little oesion to rely upon outside finance

f heir on then

Senate Debates Beef Clause in Navy Bill

WASHINGTON, May 18 Pp) «The Senate begins debate today on the largest Naval Appropriations Bill in peacetime history Chief point of controversy in the $773.,000,000 appropriation for 1940 was an amendment prohibiting the purchase by the Navy of foreign foodstuffs — including Argentine canned corn beef, The House Ways and Means Committee had only a few minor amendments to consider today before completing work on amendments to the Social Security Law to liberalize benefits, extend coverage and case taxes. Chairman Robert L. Doughton (D. N. C) hoped to be able to introduce the bill today or tomorrow,

POPE REVIVES TRADITION | VATICAN CITY, May 18 (U. P) — His Holiness Pope Pius XII took

possession today of the Basilica of St. John in Lateran, “mother and head of all churches.” in Rome

and thus revived a tradition broken when ltaiian troops captured Rome in 1870

A ———————— ——

{the trouble after daylight, said the

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| | |

Approximately 300 Indianapolis Episcopalians gathered at the Sunset Lane home of Mr. and Mrs. Eli Lilly last night to hear the RL. Rev.

James EE. Freeman, bishop of the Diocese of Washington. Left to right are the Rt. Rev. R. A. Kirchhoffer, bishop of the Diocese of Indianapolis; Bishop Freeman and Mr. Lilly.

Bishop Freeman Talks On National Cathedral

Indianapolis Episcopal clerical leaders and more than 300 church members of the local Episcopal diocese gathercd at the home of Mr, and Mrs. Eli Lillv on Sunset Lane last night to hear a report on the progress of expansion of the Washington Cathedral at Washington, The principal guest was the Rt. Rev. James E freeman E——— ——_——— — the diocese of Washington.

bishop of

| Bishop Freeman, making a naSHOTS EXCHANGED tion-wide tour in behalf of the Episcopal Church's national monu-

| ment, presented slide-pictures | tracing the Cathedral's 40-year history Local Episcopal leaders included the Rt. Rev. R. A. Kirchhoffer, | bishop of the Diocese of Indianapolis, and the Rev. E. Ainger Powell, rector of Christ Church, “The idea of the Cathedral originated in the early davs of American history,” Bishop Freeman said. Plans for constructing a church “for national purposes” were routine failure and outlined by George Washington, bul [the first steps toward building the | Cathedral were not taken until 1891. ! Two years later Congress granted a | charter to the Protestant Episcopal | Cathedral Foundation | “The original site on Mount Saint Alban, 400 feet above the Potomac

AT HARLAN SHAFT

(Continued from Page One)

tween Harlan and Lynch, plunged two-thirds of Harlan County into darkness for 40 minutes between 2 and 3 a. m. A standby line was cut in after 40 minutes and power was restored. Line crews which located

break was a sabotage was not involved. Hoffman Asks Probe Of Lewis and U. M. W.

WASHINGTON. May 18 (U. P). —Rep. Clare E. Hofiman (R. Mich.)

: ; : , UR River, was purchased in 1898. Since today introduced a resolution call- that time.” he said. “the site has ing for a House investigation of heen augmented until today the

John L. Lewis and the United Mine

0 ! Cathedral covers a 67-acre area.” Workers Union

“More than 812327000 has been Rep Hoa Shi for up contributed to the institution and , t of . \ “ls : : pointment of a five-man commit= iio accnviated agency since its birth.” | tee tO Investigate — pi ——— 1. "On what pretense” Mr. Lewis

and the U. M. W. of A. “assume to declare that no man shall work in the coal mines” until he has joined the U M. W. of A 2. What sums Mr. Lewis and his union have expended to “influence or compel workers to join the union” or submit to its demands. 3. Whether Mr. Lewis intended to “prevent, by mass picketing or by the use of force,” Kentuckians or anyone else from working. 4. Whether Mr. Lewis has received any assurance from any Government officials that if the U. M. W. of A. attempts by force to prevent anyone from working that the “armed forces of the United States will be used by the said Lewis” against state troops if they seek to permit those willing to work to go to their jobs.

POLICE SHOOT DOG. |

A shotgun slug fired by police at a dog went through the back door of a cleaning plant at 2520 W, 10th St, through the shop. and broke a corner from the front plate glass window yesterday. | Neither Mr. nor Mrs. Burl Tucker. | owners, were injured although they were working inside at the time. police reported. The dog was killed after it had bitten Harry Inman, 23, of 2033 Ruckle St., a meter reader for the Indianapolis Water Co. (Sergt. Arthur Hueber and Patrol- — iman Bernard Miller said they were 55 to Be Retried on | unable to catch the dog and were Harlan Charges | forced to shoot it.

WASHINGTON, May 18 (U. P).! —Assistant Attorney General Brien

Men's Straw Hats

McMahon announced today that the Justice Department plans to 78¢ and 98c retry 55 persons and corporations ! accused of conspiring to deprive MURPHY S 5&10 Harlan County. Kv, coal miners Cor. Il. and Mkt. Sts of their civil rights Sa

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~ AMOY SEIZURE

Nipponese Troops Leave as Quebec was host to the King and|

Democracies Land Bluejackets.

(Continued from Page One)

Ambassador who Japan's real intentions were appointed. feelings between Japan and {he United States might be aggravated unnecessarily,” the Kokumin said, It was believed in diplomatic quarters, even in Tokyo, that as the result of the American note and the landing of sailors at Kulangsu, the Japanese would be more hesitant in future in sending their armed forces into foreign areas of China. A Japanese Navy spokesman expressed surprise at the news. “We are mystified as to the mo{tives for the landing of the American and other men,” the Japanese | Navy spokesman said. “It was not necessary, Japanese marines were present at Kulangsu between May 22 and July 31 last vear, and foreign consuls did not protest, Terrorism

made it necessary for us to land our |”

men there last week. We see no connection between this landing and the demands which were made for reorganization of the Municipal Council of Kulangsu.” The Japanese demands as regards the Municipal Council were nounced just after the landing.

Call Occupation Temporary

The Japanese Foreign Office today handed the British Ambassador a note, replying to a British protest against the Kulangsu landing. Japan said that the landing was made only to protect Japanese residents and that the landing party would be gradually withdrawn. Mr. Grew told Minister Horita that in the opinion of the United States no satisfactory agreement regarding the Shanghai Settlement could be reached because of abnormal conditions incident to Japan's invasion of China. “The Government of the United States would be ready, as it has been in the past,” the note said, ‘to become a party to friendly and orderly negotiations properly insti tuted and conducted regarding any needed revision in the land regulations of the International Settle ment at Shanghai.”

DOUBT DEMOTION PLAN

ROME. May 18 (U. P).-An offiicial of the American College in Rome, commenting today on a report that Premier Benito Mussolini had ordered it torn down to make room for a new highway. said the college had not been informed it would be demolished.

an- |

APOLIS TIMES

rant a ”

Episcopalians at Lilly Home |, S, MARINES King George and Queen TR] aE HALT JAPAN'S | Welcomed in Montreal

{would put into operation an air con- but she thinks the King and Queen]

|ditioning unit.

Queen for almost 24 crowded hours, fduring which Their Majesties went ‘through a steadv round of formal {receptions, luncheons and dinners. | Today 20,000 persons gathered |around the station to see the King land Queen off, Among them was W, L. Macken-

ada and Premier Maurice Duplessis of Quebec who went as far as Three Rivers, 77 miles from Quebec, aboard the royal train. Queen Elizabeth wore a light blue | traveling dress for the train trip to Montreal. King George wore the “undress blues” of an Admiral of the Fleet Marguerite Bedard, the girl who checked the King's coat at the legislative building in Quebec yesterday, said today: “I love him. He is so nice and so tall and so real.” She and her sister, daughters of the Deputy Minister of Lands and Forests, acted as cloakroom attendants yesterday during a reception in the legislative building. They were assisted by Madeline Valle, daughter of the Deputy Minister of Public Works, Miss Valle did not fall

in love,

HOPKINS WORKS FOR BUSINESS EMBASSY’

{

| WASHINGTON, May 18 (U. P) — {Commerce Secretary Hopkins pro|poses to establish an “embassy to business” in his department to pro{mote good will between the Govern{ment and business, it was learned today. Informed sources said President Roosevelt's request of Congress for a $255,000 supplemental appropriation for the Commerce Department

to provide a “highly qualified staff

to assist business and to appraise the larger problems that affect the commerce and industry of the country” was the first step toward development of the new unit. If Congress approves the request, members of the business-aid staff woud be atlached to Secretary HopkKins' office. Eventually, however, they would form the nucleus of a projected unit which would he known as the “Bureau of Industrial

Economics.” The staff would include experts jon distribution, prices, inventories,

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fare O. K.

that?—snooty,” she said. Before leaving Quebec King George gave his formal assent to the appointment of Daniel C. Roper, [former Secretary of Commerce, as American minister to Canada.

When the royal party reaches Ot-

misunderstands zie King. Prime Minister of Can- tawa. dominion capital, Mr. Roper! |

will be the first American minister to Canada ever to present his credentials direct to the King-Emperor of Great Britain. Montreal has a normal population of 1,000,000, but visitors almost doubled that number today. Fifty thousand seats in reviewing stands have been sold, some persons paying as high as $30 a seat.

| Quebec's welcome, filled a long

program starting with the docking |

of the Empress of Australia, on which the King and Queen sailed from Portsmouth, The King made the first speech of his tour at a Government luncheon yesterday, replving to Prime Minister King's greeting, and spent the rest of the day fulfilling a schedule that had been months in preparation. A similar day was ahead of him here where he and the Queen will inspect a Guard of Honor, 1 23-mile tour of the city, stop at two stadia where 30,000 Catholic 15.000 Protestant school children will cheer them, visit St. Helen's Island and inspect the historic barracks, attend a reception at city | hall, pause before Notre Dame Cathedral in honor of Sieur de Maisonneuve, founder of the city, visit the chalet atop Mount Royal to attend a tea party, and go to a civic banquet.

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