Indianapolis Times, Indianapolis, Marion County, 22 May 1939 — Page 5

MONDAY, MAY 22, 1939

~ POINT TO VAST UNTAPPED FIELD FOR INVESTMENT

Orthodox Economists Claim Capital Will Flow Freely If Barriers Are Broken.

By THOMAS L. STOKES Times Special Writer WASHINGTON, May 22.—In 1843, after adoption of an improved steam

engine for railroads and ships, the |

head of the U. S. Patent Office said resignedly in his anual report: “The advancement of the from vear year taxes our credulity, and seems lo presage the arrival of that period when human improvement must end.” Luckily the Patent Office was not closed @own. Everybody knows what has hap-

arts to

pened . since—the auto, airplane, radio, and now television, air-cool-ing and scores of other developments,

Business economists in the Government with experience dating far back beyond the New Deal see to-

day ae development among New Deal economists of an attitude reminiscent of that of the 1843 patent commissioner. This derives

from the budding New Deal philosophy that, because of the present

sluggishnses of capital, the Government itself must enter the investment field along a new and broader front.

Note New Industries

These orthodox economists hold that. with certain present obstacies to capital investment removed. there will be no lack of investment They point to the miraculous growth of some fairly new industries

in recent vears. their prospects of further growth. and the untapped field of new industrial development

promised bv research in industrial ahoratories The aircraft 1014 had 16 plants persons, and a product valued at $789,872, employed in 1937 a total

f 24.003 in 92 plants and its pro-

industry, which in

emploving 222

Pals With Weird Creatures

| | { { | { | | | 1 |

I'imes Photo Fourth Dimensions, » Fr ® W

Miss Catherine Moore - Interested in

” ”

Ghoulies and Ghosties Are

”Y * Y ’ » ist for Secretary's Mill Grist for Secretarys Mi By JOE COLLIER One of the tvpewriters in the Fletcher Trust Co. office pitter pat. ters business details all day long, but at night it goes like this The sentry remembered, afterward, that he had heard the wild-

est shriek for help which had ever rung in his ears, and he rememshim lying in-

duction was valued at $106.000,000. bered unbolting the door. Afterward, until they found Between 1933 and 1937. during de- side the locked cell with a cracked skull, he remembered nothing pression vears, its employees 1n- “Jirel crept up the dark stairs of | - creased 207 per cent, its total wages the north turret, mwder in her 223 per cent and the value of its heart.” TWO NEW BUILDINGS output 302 per cent. Spins Tales at Night The radio industry now is rated a billion-dollar one and is swiftly That would be attractive Miss PLANNED BY SACKS erowing. with television being de- Catherine Moore at the keys. She veloped on a practical basis. The 1S known in Indianapolis as the Sees

motion picture industry in 1921 employed 6259 persons at total wages of $14140.009. In 1937 employed 34,624, paid total wages and salaries of $139,000,000 Woman in recent rv out of

beaulv has indus-

before

search for vears built a great one which began Cleonatra RUSIiNess

Beaniv Is Big

Within 40

uct

vears the annuual pro has mil-

American than

nn of cosmerics

mereased from less even 200 million than 200 million dollars Americanmade toilet articles is sold annually In 1933 A1.000 heauty emploving fullTR.000 persons million dolmillion dol-

lian dollars to more than

in addition

more worth of

there were shops in the country fime

and part-time

with total wages of 58 lars and receipts of 171 lars

This

ausiry nce

the motion yubtedly much of to the leisure which has come from reduction of labor in home by numerous other in-

and picture in-

owe

Progress

The service industries have developed enormously as offshoots of numerous major industries—supplying repair shops, ete

hot dog stands

Steel Grows

Steel has enlarged markets that machines are dechalleged by Justin commisHe savs inte all the me-

creating

The theory roving jobs is W. Macklin, first at the Patent mtensive

assistant Office inquiry and

mel fter an that

nanization

machines Process ale cheapening the product market which business and products them-

hew jobs. by RNc Open creates expansion of new hn

industries in

ng up new

jobs, and turns out

which

{ become selves He cited innumerable instances among them the fact that employincreased 26 per cent when a steel opened a New mill. because of orders for the

ment . big company heet

new

~ Y.M.C. A EVENING . GRADUATION JUNE §

produc

Graduation exercises of the Y. M A ! 1 school will be ld a une 9. James Og-

of the Y. M. C. A

committee,

announced

is so utterly absorbed in the re- an investigation by the board of reHaramy, professor of Search connected with it, that she gents into alleged dissemination of sovernment at Indiana hopes she won't finish it very soon. Nazi propaganda at the university. lege. will eive the ad- She carries Morte d’Arthur with He said he was notified by the reyess her in two nice gold leafed volumes gents several weeks ago that they Herman Convers is the valedic- and wonders why Malory didn’t say had decided not to reappoint him. tarian of the cla the largest in Why people did what they did when : 8 I —— e history of the school. Diplomas the business at hand was seeking e h ” G 13 8 Bo ; or A aie» NEW vill be presented by Arthur Wil- the Holy Grail 2 Artificial Leg INVENTION ams, chairman of the Y. M. C. A lit . bo Write for Literature a on pup Wa : and Describe Amputatio omic BISHOP KIRCHHOFFER I A irc of council meeting [0 P A 5 A sees of conall meetings for WILL SPEAK IN N.Y, @ oT a we \ M. C. A. summel ga - un : i Patented —Nn Suspenders ill he started tonight at the «ihe Rt. Rev. Richard Ainslie 1 , ADVANTAGES ‘ } vii dLdd LEQ Him! UTA Cire haf i - F 1800 - verane weight two te threa pounds. Watural Ad 3 : I A s altura VY. M. C A. The 10-day camp pro- Kir NA0IIEr, Bish p of the Episco walking, Easier slastio step. Returns lost ram Will beg Tune 10 at Camp pal Diocese of Indianapolis, will de- Sr ot and muscles to knee and eram wi bes mm A al / am ~ arri)a Ny vw high, 0 chafing, no cramping. standing or T'ecumse on the Tippecanoe Rive! hve) the ha calaureate Brmon of sitting, More comfort, Stone. Noiseless, the General Theological Seminary Len fan Natural knee appearance, Na Fe Se » i N 1 -~ 3 rietion, 0 oil, N st 2 FALL EDITORS FOR at, the Chapel of the Good Shep- olothing, A to Stee) _ joints a oy . herd, New York, tonight. Ne Witt dived avy Vw he I; U; STUDENT NAMED | 1c Jou of do Men The E « 3% J theology will be conferred upon € mmeH Blevens Ce. ; sil ade . stablizhed 1210 Wimes Rpooial Bishop RhoA St gomenves 1200 W. Jefferson St. Loufsville, Kv, ne . ment, exercises ednesday. BLOOMINGTON, May 22.—Na- — .

than Xaplan, of Whiting, and David

KIDNEY STRAIN OFTEN CAUSES BACKACHE, SLEEPLESS NIGHTS

B. Richardson, of Maplewood, N. J

diana University’s Daily Student for the 1839-40 fall semester serve half of the term

John F. McLeod, of Bedford,

been appointed editor for the sum-

mer session

The appointments were announced

by Prof. John E. Stempel, head of the Department of Journalism

RHEUMATISM

Relieve Pain In Few Minutes or Morey Bach Ta

relieve torturing pain of Rheumatiem V ] Lumbago in a few plendid formula able—-no opiates ust relieve cruel pein, sat in few minutes of vour money back. Don't suffer, Ask your <ruggist today for NURITO on thie guarantee.

to your

1gtaction,

have been appointed editors of InEach will

has

secretary to a bank executive, But to the considerable following of weird and astounding stories she is C. L Moore, a master of the craft. After her day's work is finished, Miss Moore eats a bite and hastens

An expansion program consisting of new three and two-story buildings at Indiana Ave. and Ohio St has been announced by Sacks Bros Loan Company.

back to her deserted balcony office,] When project plans are comdark save for the light at her desk, pleted the firm will move from ils to spin imaginative tales about hor- present site at 306 to 310 Indiana

rible happenings in unearthly Ave. The three-story building is to places be constructed on the Indiana Ave For mstance point at Ohio St. and the smalls: “No human travelers had worn building will he constructed behind the sides of the spiral so smooth, (he Indiana Ave. side and she did not care to speculate on The entire project, when comwhat creatures had polished it £0, pleted, will contain approximately through what ages of passage.” 30,000 square feet of floor space, Boo! three-fourths of which will he need

Those passages were taken from py Sacks Bros, The remainder will

“The Black God's Kiss” which was pe leased independent storeprinted by “Weird Tales” and hailed |, aams. Max Sacks is president of by its editors as “the weirdest story!the company Philip Sacks, is

0 9 14° ever told secretary, and treasurer

Inspiration From Oz Books

Now about Miss Moore. She began writing these strange tales, | y with her Oz books at her elbow, in

1933 and has been successfully at 1 since then. She does not regard them as spooky, or creepy, and she is not afraid of “ghoulies and ghos-

TOWNSENDITE BIDS

ties and all other things that 80| U.S. Senators Nye (R. N. D.) and bump in the night.” They are CliG “copy” for her. Downey (D. Cal) have been invited She sold the first story she ever to give the principal addresses at the

wrote and she has sold 24 more. She says she has written ever since she can remember, and she is ow ah BE writing a oe on ae she ju hacle June 22-25 : S enator Nve of the Senate Milithe most voluminous notes ever tary aathered for anv undertaking less ed he than a new edition of a dictionary.

, " g speech if he can What.” she asked. “is the “Poe te Xariihes - \ \ duties in Washington, most unusual you ever

1 ipy are i wrote?’ leaders here said. ORY Th . : ' . Others invited include Well, T don't know, she said ~ . i Re oniiny wane ! Pepper (D, Fla) and Thomas (D with a puckered brow, “theyre all Okla.) in addition to about 20 U. § kind of queer. You see, one of my : : abou =J UX Jn vip © Representatives, characters 1s a man sup-

posed to live several centuries ahead. I've never been quite clear about, what his time was. “And the other is a French woman who lived in about the 153th century These stories are written as a means of escape for the readers.

National Convention of the Town-

end Movement here at Cadle Taber-

the Away

will dehver WAS get from We

stor

who is

its youth movement,

OUSTED PROFESSOR

Others of Family Write

Miss Moore lives 2547 Rrook- { ' dae Parkes, Soutn drive ana) CHARGES “POLITICS savs that almost every one in her pens

NORMAN, OKLA, May 22 (U. P) —Dr, Frederick Ermarth, German-born professor of

writes. She is interested in fourth dimension speculations and poetry, and above everything right

family

now, King Arthur. ment at the University of OklaThe novel is to be about King homa, today had charged that he Arthur, and Miss Moore has been had been ousted from the faculty working on it for nearly a year. “for international political reasons.”

She savs she’s having such fun, and Mr. Ermarth figured last fall

lof Tndiana resources completed by

Affairs Committee has indicatkevnote

Townsend

Senators

More than 18.000 delegates are expected to attend the convention to map the movement's political strategy for 1940, organize a membership campaign in the South and promote

vouthiul govern-

ERASE PROFITS, SURVEY SHOWS

Other Factors Cause Deficits, Notre Dame’s Economic Bureau Reports. |

Times Special NOTRE DAME, May 22--Taxes rarely constitute a burden that prevents a profit, according to a study

the University of Notre Dame Bureau of Economic Research. An analysis of 11 Hoosier industries showed that while profits might have been greater, or losses less, without taxes, in no case was the tax load enough to cause a deficit at the end of a vear's operations. The survey was directed by Dean | James E. McCarthy of the School of Commerce. Uses Tax Commission Data

He included in his report material} obtained by the Indiana Tax Study Commission of which he was chairman The wholesale trade group salaries and

survey showed that in the

wages amount to 486 per cent of the 800 million dollar gross income. Percentage of salaries and wages in

other groups were: Retail trade, {10.39 per cent; utilities, 15.1 per cent, and manufacturers of metal

products, 20.1 per cent. Indiana's railroads. according to the report. with an annual income of 125 million dollars, pay 45.4 per cent for wages and showed a not deficit of 84 per cent for a vear's operations The study showed that utilities in Indiana reported a gross mcome of £758.147.601.46 in 1936 Taxes took 119 cent of this amount: depreciation accounted for 10.1 per cent: wages and salaries, 15.1 per cent: interest on long-term debts, 147 per cent and profits to stockholders, 11.8 per cent The gross income per employee amounted to 27668

pel

$913 in Tax Per Employee

showed further that the companies paid $913 in taxes; $775 for depreciation; $2527 for goods and other services purchased exclusive of wages salaries; $1161 for wages and £1128 for interest on longterm debts, $907 remained as profit stockholders. Uncollectable bills, other interest, rent on leased properties and other deductions absorbed $255 per emplovee. The average tax per $100 of reported assets was $1.48 Tn 1036. the report said, the total investment of manufacturers of metal products £710.141.300 or 245582 for each of its 155.000 emNlavees The total income of the profit was 2R7393%,428. while those unite showing Insses had a total gross income of $69.830572 Tor the combined group SA089 gross income was received for each person employed Of this total, $1122 went te the employee as wages; $107 was paid to corporation officers; $31 went for interest: $165 was charged off for depreciation and depletion; $48 was deduced for state, local and Federal taxes (exclusive of Federal income and excess profits taxes). Another $4168 was paid for goods and other purchased services, while $348 remained as profit to stockholders, either to be paid in dividends or to remain in the surplus fund

The for each

survey

emplovee

and salaries: and to

was

roun

PASTOR WINS PRIZE HE HADN'T SOUGHT

Specinl DELPHI liam Grant formed ihat national winners in a est in which he did was a contestant Rev. Mr. Smith grows delphiniums as a hobby. Several months ago he sent kodak pictures of his flowers to Col. Edward Stiechen of Ridgefield, Conn., president of the American Delphinium Society. Col. Smith listed him as a national winner in the annual the society.

1's nfom con know he

The Rev has been one of flower not

May 22? Smith

he was

vearhook of

THE INDIANAPOLIS TIMES sma

TAXES SELDOM Yep, Jen

we — rt Sr rp ELE STEER

Jenny Wren |s Back Home

Times Photo,

The robins took over the “second story.” ” n » ”

Disgusted Robins Depart After Bird House Battle

This is the story of the disputed tenancy of a North Side wren house over which a battle raged for a solid week. Before the wrens that had been there last vear returned from their southern home, a pair of robins built a nest on top of it Thev were quite comfortable and had some fledglings. The garden provided more than enough worms, even for a robin, and life looked

pretty 200d

One dav the wrens came, They pheuse again and start houseclean-

moved in the house, chattering like ing mad, and began spring cleaning Finally the robinz gave up and > - ‘moved away. Nobody, not even Mr, 3 . ct vear's «i . They threw a lot of 1a ear's ne and Mrs. George H. Denny on whose out getting ready to build a NeW place at 4617 Sunset Ave, the wren one house is located, saw them go This annoved the robins. They yg wrens are now doing all righ chased the wrens, But the wrens

AWARD MATL CONTRACTS

went, inte a lilac bush and jumped

around faster than the robins, dis- Times Special gracefully fat, could LOGANSPORT, May 22 —Jarob They'd stop a foot away Irom |g ine Harry Klinck, Perry Sumthe pursuing robins and sing hap- ; ou a pily, This drove the robins crazy. METS and Robert Huff were successThe robins spent so much time ful bidders for carrying of mail on

four-star routes from che Logans-

chasing the wrens that the babies port Postoffice. Denniz A. Scott

got hungry and started squawking. Then the robins would return to the | was awarded the four-year contract babies in an effort to feed them, for carrying mails in the city by and the wrens would move in the | truck

PHOTOGRAPHED FOR Father's Day, June 18”

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By Rockwell Kent

Coast Pilot Mistakes It for Cloudbank, Crashes in ‘Forced’ Landing.

COALVILLE, Utah, May 22 (U.P) | «A heavy dust storm which the | pilot mistook for a cloudbank was blamed today for the death of two men in the crash of a privately owned plane in the Uintah Mountaine, 11 miles northeast of here, Five other persons in the plane suffered minor injuries. The dead were Pilot William Duck of Oakland, Cal, and Copilot C. 1. Gardiner of Chicago. The ship pancaked nose first onto the ground after the undercarriage

SHERWIN

Wiiiams PAINT HEADQUARTERS

struck a tree. Mr. Duck and Mr 9 Gardiner were crushed in the 4 ¥ EG U T S cockpit. 0 Mrs. Gardiner, her daughter,

120 E. Washington St. Also 8 Neighborhood Stores

Carol; Mrs, Duck and Mr. and Mrs. R. T. Sullivan of Oak Park, Ill,

were the other passengers.

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