Indianapolis Times, Indianapolis, Marion County, 19 May 1939 — Page 4
FRIDAY, MAY 19, 1999 ay roe INDIANA POTS THES CONGRESS SHIES Free Kindergarten’ S STL Honored Bie BUSINESS’ | AT TAXATION OF HAS OWN OWN FUNDS:
U, S, SECURITIES Needs Slight Financing
From Outside, TNEC Wealth Flowing Into Bonds Inquiry Shows. As Result. Drying
Capital Market.
PAGE 5
BRITISH QUADS SORRY |ADD SIGNS OF TIMES FOR CANADIAN QUINS' cievenano. May 19 (U. pri. Not all college students are jitter
LONDON, May 19 (U. P.).—The bugs. Large numbers have, in fact, | gone cultural, as shown by the fact a ®s quadruplets are sorry for the that 640 Oberlin College students onne quintuplets. lcame here for
the Metropolitan They enjoy the freedom denied Opera. to the Canadian quins and live]
like normal children in their cosy | 10-STAT . home in St. Neots with their par- | TWO-STATE HOUSE BURNS
ents and elder brother. MONT AIRY. N. C, May 19 (U, Ernest, Michael, Paul and Ann, P.).—A two-state house four. miles now sturdy, unaffected 3-year-|north of here has been destroyed olds, can be seen almost any day | by fire. The large, two- -story frame trotting down the street to meet |house was built exactly on the state their brother Gordon coming home line between Virginia and North [from school. | Carolina,
fotki
DOWNSTAIRS STORE
Suggests That
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SAILORS [ 1.00
With ventilated crown and flexible brim!
Horse Play
Thief Loses Race With Mountie in Loop Traffic.
HICAGO, May 19 (U. P).— The Mounties (Chicago variety) got their man—with the aid of a squad car. Mounted Policeman David Mills saw a man dart out of a “Loop” store with a box of silverware. He spurred his horse into the chase. The thief jumped into a taxicab as he was about to be overtaken. But luck was on Mountie Mills’ side. The cab had to stop for a traffic light, and Mountie Mills drew alongside. Not to be outdone, however, the thief leaped from the cab, left the silverware behind, and ran through traffic. At this point, a squad car drew abreast of the thief and captured him. The silverware, valued at $75, was recovered. Officer Mills’ horse got an extra lump of sugar and the thief, a paroled convict, got his name on the police register.
WHEATLEY Y. W. WAITS PARLEY
Annual Industrial Institute Attracts Delegates From Three States.
WASHINGTON, May 19 (U. P.) —! The Temporary National Economic Committee was convinced today that most major industries meet their financial requirements with- | out tapping public money markets. | Completing the first phase of its | “savings and investment” study, the Committee heard that since 1922 all industries have relied upon capital markets for only two billion dollars of new savings in any one vear for the purchase of new plants and equipment. " That figure was presented in contrast to figures showing that all in{dustries spent $8,500000,000 during [the period 1923-29, and $5,800,000,000 lin the years 1935-37. Oscar L. Altman, Exchange Commission expert, testi{fied that “to the extent that business enterprises set aside deprecia-| tion and depletion funds, they need] not seek new savings from the capi-|
By THOMAS L. STORES Times Special Writer i WASHINGTON, May 19.—The failure of capital to flow into invesiment in new enterprises and industrial expansion is regarded as one of the chief deterrents today to recovery. Men of large wealth are putting their money instead into tax- -exempt governmental securities ot all sorts. thus helping to dry up the capital market, Congress could restrict this diverSion by putting a stop to further issuance of tax-free bonds by Federal, State and local governmental , agencies, but has failed to act. President Roosevelt, following the example of Presidents and Treasury Secretaries for many years, has reiterated his recommendation for legislation. He pointed out that the Way now has been cleared by the recent Supreme Court decision holding that salaries of Federal employees are subject to state income tax, and that state employees. salarles are subject to Federal income tax. Congress now has enacted a law for this purpose.
More than 600 of the healthiest children in the Indianapolis Free Kindergarten Sociely were honored
yesterday at the Brookside Park Community House gymnasium. ie a tal markets to finance their expen-| ditures for new plant and equip-.
MARION, May 19 (U. P.) —Police ment.” wrote “suicide” today after the name! “In years of peak activity,” he] of Raymond Moore, 31, who twisted |said, “they drew new savings from his underwear into a noose and |the capital market approximating hanged himself in his cell in the $2,000,000000. In years of lower Grant County Jail yesterday after busines sactivity they either do not| his arrest on a charge of murder- draw upon new savings of individual | ing his ex-wife's mother. land institutional investors, or they | In a burst of remorse, police said, {may actually contribute funds to] Moore earlier begged them to shoot !the capital market, either by pay- | The ninth annual industrial inhim. The grand jury had been|/ing out dividends in excess | called for Wednesday to consider an earnings, or by converting depre-|Stitute for Negro women will be held | indictment. |ciating depreciation and depletion at the Phyllis Wheatley Y. W. C. A. Moore was accused of Killing Mrs. allowance into bank deposits or se- tomorrow night and Sunday. Women | Maggie Lawson Wednesday night, |curities, thus, making them avail-| fom Indiana, Ohio and Kentucky beating her husband, Jeremiah, and able to other ty pes of investors. then attempting to kill his ex-wife,| After hearing the executives of Aare to attend. Mrs. Minnie Moore, and her four four big corporations testify that The institute is sponsored by the ehjigren ’ it their companies had indulged in|industrial Federation, composed of Mrs. Moore was struggling with little outside financing, the Comhim for possession of his repeating mittee delayed until next week the | Ve women's clubs of the ¥, Ww. C. A. shotgun when police disarmed him. presentation of testimony by Fed-| Speakers during tomorrow night's Later police found that a dent in the erg]. state and private experts on dinner and first session will inelide magazine of the shotgun, which pre- economics. Among the witnesses Earl Buchanan, secretary and treas- | vented more than one shot being will be Assistant Secretary of State urer of the National Malleable Iron fired at a time, probably had pre- | A A. Berle Jr. Harvard Professor Works, and Bradley Haight, director | vented a mass murder of the three ponald H. Davenport, and William of the State Employment Bureau. adults and four children. R. White, superintendent of banks Miss Mary Grissom also will speak. | | Mrs. Josephine Taylor will preside. |
+ bo of New York. WOMAN IS PEARL FISHER ————————— There will be a sunrise service at | FORTUNE WRONGLY READ 16:30 a. m. Sunday, followed by a DARWIN. Austr: tralia, May 19 (U.| ELEVELAND. O. May 10 (U. p) | breakfast. Speakers will include Mrs. | P).—Mrs. J. E. Edwards believes __ Marriage within three months Augusta Cosby and Mrs. Edith Ellis, |
/} / Wo ls she is the only woman in the world | ’ . : - industrial workers. The final speak- | Master Saxon Brags of lto embark in the beretotor cant DE aD TUNE ng Des er ny morning will be Dr. J. WwW. | lculine job of pearl fishing. With ‘Our Per Condition’ ur rervject Condition
making that prediction to him, Jackson of the State Health Board. | the aid of her son, she operates Merylo arrested Dolores Reese, 37, Mrs. Meredith Nicholson Jr. and | three pearl fishing boats, each with JOE COLLIER was.
Securities and
Only Lip Service Se Far
Some think it follows that ine come from Federal, state and local governmental securities can be taxed by a simple act of Congress. thus obviating the need of a Constitutional amendment which many experts previously have argued was necessary. Yet Congress is getting nearer to the end of its session without action. despite lip service by numerous leaders who have indicated thiev would push a bill through before adJournment, The suspicion
SOFT BODY WATER - PROOF
HATS
1.00
Young styles in headsizes
has been aroused
that, through delay, the end of Congress still may find nothing done mless there is more prodding of the leadership by Mr. Roosevelt. 1 A special Senate committee, authorized at the last session of Congress and headed by Senator Brown (D. Mich), has done a lot of investigating. but still has not made a report The committee, originally aeiegated to report by March 1. got an extension of its existence June 1 May Senator Brown said today that he would ask a further though he said he and othid likely try to work through the Senate Finance Committee and seek an amendment to the anticipated bill for revision of corporation taxes. His special to stan¢ 4 to 2 for port
mes Pho Two of them, James Saxon (left) and David Ernest Teany took time out to discuss Shei blue ribbons. » =
ns
| fn | for all men!
MEN'S POLO REED SOFT
STRAWS 1.45
for
until and charged her with telling for-| Dr. James Peeling, professor of the a crew of four, including two Jap- tunes. Merylo has been married 10! Butler University Sociology Depart- | anese pearl divers. years and has two daughters. _ ment, will speak Sunday afternoon.
Ask New Extension
probably ex- By
James Saxon put it
tension, The wa
“We're in perfect condition James was flying a- blue banner that said he was one of more than 1200 Indianapolis Free Kindergarten children who won honors on. Child Health Da: More than 600 attended ceremonies yesterday at the Brookside Park Community House and as manv more will be honored today. James was sitting beside David — Ernest Teany for The way vou knew he
ers wot
committee now is said a favorable re-
WHERE THE FASHION WISE ECONOMILE pe
A new open weave
the occasion. Ushers were trywas David as well
prediction was made todav nsend (R. Del), a special committee, would be no legislation
A
= yitor Town
by memthat this
ber of the m The House Wavs Committee. where tax has a bill before it. but noththt far has been done. After SHipieres ils amendments to the Social Security Act, Rep. Robert L chton oD N. ©C) chairman, to begin work a general which the
and Means bills originate
1S
on
oill, In
Ernest Teany was to ask “David Ernest Teany,” “that's it.”
he said,
Don’t Forget Pepper
James put in: “And he’s got a dog named Pepper.” “Yeh,” said David, uncle's name is Ernie In less than it takes yon had a complete set of art blue
“and my
{0 write it lines bovs
elimination °
from these two ribbon
Ing to find places for them. On the platform were officials of the Indianapolis Free Kindergarten Society, sponsors of the affair. And Dr. Herman G. Morgan, City |Health Board secretary, was the speaker of the day But the gymnasium. Rarely has there been so much perfectly parted hair gathered in one place before. Rarely so many spotless white shoes and starchy little dresses, miraculously unwrinkled. They sat in nicely suppressed excitement on benches, and waited
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of tax-exempt securities could be mciuded
Clark Is Determined
Most active in behalf of eliminating tax-exempt securities is Senator Clark ‘D. Mo). who got an amenament to a tax bill through in 1933. when he first became a Senator. It was thrown out in conference between the House and Sena
3 1le
Sometimes they talked to each other, sometime they got up and walked around. But mostly they just sat there and sparkled Two essential bits of domesticity had to wait vesterday while the health of these children was glorified Dinner probably was late in each home represented in the gathering and there's no telling how many mud pies went unbaked while the kids stayed clean and prim on their own time.
{who were sitting in the large gvmjnasium waiting for their mothers to hear a few speeches in the auditorium . Even then the mothers arriving for the affair aown ice truck rattled mother got out. She told was driving, he'd knock off from the jn of ice to come her and home
WHITE SHOES
still were A brokenup and a papa, who have io hawking take her
when
Senator Clark said todav that get
Rep. Doughton had promised to include tax-exemption legislation in the first tax bill that was sent over from the House. but that he did not feel he could hold him to the promise as respects the social Security tax measure, since a general tax bill is to come over later. “If the House does not pass a bill or an amendment, I certainly will offer mine in the Senate.” he said “You can count on that, and I'm certain that the Senate will pass it.’
Dr. A chauffeur-driven station wagon waited patiently while the arrangements were made, and then moved in. Another mother got out of it and entered the auditorium. Besides the mothers in the audi-
torium were the pre-kindergarten children they had brought along
Morgan Speaks JUNK DEALER IS FRANK KEOKUK, Iowa, May 198 (U.P. - A little thing like a jail sentence didn’t discourage a Keokuk junk dealer. He advertised: “Will reopen my place of business, having completed my 60 davs in our county jail. Old and new customers appreciated.”
WHITE ELK VENTILATED OXFORD wit!
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STUDENT CASHES IN ON ROMANCE ‘TO EAST’
BOULOGNE-SUR-MER May 19 (U. P.) —Samuel Mercer. 19. an Oxford student from Omaha. Neb, and Lucy Joad, 20, blue-eved daughter of an English professor, asked American and British consular officials today how to get married in France. Mr. Mercer said that they had eloped from England after a council of both families had forbidden the marriage. Explaining that exclusive story of their romance a London newspaper, Mr. Mercer | added: “I have to be sordid about | romance but we have to eat.” | The couple were understood to be! planning to go to Paris this evening
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»
ET
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