Indianapolis Times, Indianapolis, Marion County, 1 July 1939 — Page 3
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SATURDAY, JULY 1, 1930
“HATCH BILL ANA
EMIC A
THE INDIANAPOLIS TIMES
FTER ADMINISTRA
TION SURGERY
PAGE 3
NEW PROVISION CONDONES EVILS IT HOPED TO END
Invites U. S. Employees Into Politics Rather Than Barring Them.
By CHARLES T. LUCEY
Times Special Writer WASHINGTON, July 1-—The Administration's fight to keep the army of Federal employees free to
Just Speck on Map, but Danzig
ay Be War Spark
Seale of Miley
| 200
300
mix in politics—and thus to be active in the 1940 campaign—left the Hatch no-politics bill today an,
next big strength test of n
anaemic version of the measire | adopted by the Senate in April. The House Judiciary Committee vesterday reported a bill which not only fails to bar Federal employees from political activity, but in which it had written a provision in effect inviting employees to do just that —t0 “participate in the activities of a political party.” The Committee went further and weakened the section of the bil’ making it unlawful to solicit or receive an assessment for political purposes from persons paid from relief funds. The Committee wrcte in a clause making the prohibition apply to “relief workers or persons on relief.”
Possible to Solicit Funds
This makes jt possible to solicit funds from people paid with relief funds but serving in an administrative, supervisory or special capacity. Nonrelief workers make up a sizable block of those in the relief administration. This action brought immediate criticism from Senator Sheppard
HULL BRISTLES ON NEUTRALITY
‘Bankhead Fears European War-Makers to Draw Wrong Conclusion.
WASHINGTON, July 1 (U. P).— Secretary of State Hull declared today he would continue to work for Congressional approval of the Administration’s neutrality law despite. House passage of a measure providing a modified embargo on shipments of arms and ammunition to belligerents. In a formal statement bristling with hostility toward the embargo (D. Texas), chairman of a special provisions, Mr. {ull declared the Senate Committee which investi- House action was “a matter of regated politics in relief last year, gret and disappointment” from the and whose report spurred action on standpoint of the assurance of this the bill in the Senate. |country’s continued isolation from “It is just as evil for administra-| foreign wars.
Bankhead Worried
Speaker William B. Bankhead, in Mr. Sheppard said. |a separate statement, said he feared ' [that failure of the House to elimiVital Section Taken Out nate provisions for arms embargoes The House Judiciary Committas might ‘cause the trouble makers of struck from the Hatch bill the sec- Europe to draw the conclusion that tion which Senator Hatch (D. N.|there is not concerted action in this| M.), its autiior, considered the sub- country between the executive and stance of the bill. This section legislative branches on national barred employees from “taking ac-| policy.” tive part in political management, “I am very appreciative of the or in political campaigns.” [repercussions abroad that might be | The Committee left in the bill a caused by this action, and the next section barring administrative em- | few days may bear out this appre-| ployees from using their authority | hension,” Bankhead said at a press) or influence “for the purpose of in- conference. terfering with an election or af-| Chief blow to the Administration fecting the results thereof.” [was inclusion in the bill of an The penalty provided in the Sen- amendment that would provide a| ate bill for violation of this section modified embargo on arms and am- | was immediate removal. | munition, but excluding airplanes, The House Rules Committee de- against nations at war. layed giving the bill a right-of-| As it went to the
tion to be engaged in such practices as for the relief workers themselves,”
Senate, the
way to the House floor today, but! bill provided in part: Rep. John J. Dempsey (D. N. M),| 1. The President, or Congress by, leading the fight for the bill in the joint resolution, may proclaim that House, said action next Thursday a state of war exists between two was certain. [or more foreign states, CERT Arms Export legal 2. It shall then be illegal to ex{port or attempt to export “arms and ammunition” to belligerents, but not ANT | mstements of war’ as under the {current law. This — the Vorys | Amendment—has the effect of freeling shipments of airplanes to belTIENTSIN, China, July 1 (U. P). ligerents, —A Domei (Japanese) news agency | 3. It shall be illegal to make loans dispatch from Amoy said today that or sell bonds of belligerent states Japanese authorities planned “in- named in the Presidential proclamadependent action” because British tion, but the President may exempt authorities had failed to accept an short time commercial credits for a invitation to resume negotiations maximum of 90 days. regarding the status of Kulangsu,| 4 Belligerent vessels could be de- | the foreign area of Amoy. Britons at Kulangsu had adopted other vessels upon Presidential or-| an “arrogant” attitude, the dispatch ders might be required to post bond said, and were accused of “machin- | that they were not carrying men, or ations in stubbornly resisting Jap-| munitions to a warship, tender or anese demands,” in contrast to supply ship of a belligerent state. other foreigners who were concilia-| 5. Citizens would travel at their tory. lown risk on belligerent ships. Here Is the Traffic Record | May Holland, 62, at 853 Edgemont, car- | Merle Stephenson, 58, at Tong, ruptured 5 appendix, Slsment C. Chadwell, 70, at City, cerebral hemorrhage.
County Deaths [Speeding .... (To Date) | ot 939 44 Reckless 1008 cereeaaes 58) driving | Thursday
| 8:05 P. M.—2327 N. Rural, short in wir. ing, no loss | 5:02 P. M.--828 8, Missour!, eXPISOn:
Running
i ths City ea preferential
(To Date) 3930 ........0 26) 1938 vor 33 Running red
June 30
> oil stove
~
no loss. | . M.—Oppenheim's Hosiery Shop, 11 N. Tllinois, cigaret on awning, $5. 11:05 P. M.—Malictou: false alarm, Belmont and ifinnesota, 11:27 ®. M.—721 N. Mllinois, burning fue, no loss, Fria | riday 3 Drunken M.—-1620 EB. New York, sparks . driving .... re 0
a J
8:41 A | from bonfi 85. 9:19 A. M.— Automobile, 24th and Meri-
e unknown, no loss. | S A, obile, 2100 Hillside, cigaret on 10:55 A.
M, Autom seat, $10. 10: A. M.-528 Chase, oll stove explosion, no loss,
dian, caus 1 16:08 A
17 Others
MEETINGS TODAY
Alliance Francaise, luncheon, Washington, noen.
MARRIAGE LICENSES (These lists are from official records fn the County Court House. The Times, therefore. is not responsible for errors in names and addresses.)
Hotel
OFFICIAL WEATHER
By U. 8. Weather Burean INDIANAPOLIS FORECAST-—Fair tonight and probably tomorrow; not much change | in temperature.
. 4:3 | Sunset .... IB
Vv Sluss. 42, of 3657 Washington Bn Sher Jeffries, 35, of 3510 N. Meridian. Lewis Blacklidge, 28. of 420 N. Riley; Gene Hall, 2¢ of 925 N. Rural, ald French, 27. of 1920 N. Meridian; Ruth Lockwood, 23, of 1020 N. Meridian,
Sunrise
© TEMPHRATURE —July 1, 1088 6:30 A. M..... ¥? . BAROMETER 6:30 a. m... 20.0% Precipitation 24 hrs, ending 6:30 a, m. .00 Total precipitation since Jan, 23.62 ey em) 2 MIDWEST WEATHER Yadiana Fair tonight and tomorrow; not
BIRTHS Boys Levi, Tmogene Bell, 1716 Arn. ea haries, Dorothy Buckoop, at 41 8S, Ad-
a. Leverne Mikesell, at 412 N. Holmes. Henry, Ruth Collins at 344 Douglas. much change in temperature, Deroy. Mabel Hall, at 1810 W. 10th. Tilinois—Generally fair tonight and to-
at South-
Davi Florence Webb, at 928 Wood- morrow; somewhat warmer in northwest " v Lower Michigan Fair tonight and toTsane, Mary Oat. at 0 N. Tibbs, (morrow: somewhat warmer along Lake Frederick. Dorothy Forey, at 16803) “pio ywir with moderate temperature Hall, at 110": W. 80th. | tonight and tomorrow; showers Monday feon, Anna Crenshaw, at E. 19th. | Kentucky Generally fair tonight and Robert, Cynthia Burney, at 535 W. tomorrow, little change in temperature; Michigan,
lawn. Girls |and west-central portions tomorrow. o Atpat Kentucky. oq | Michigan tomorrow. Pleasant Run Blvd Fred, Mary 1806 Luther. Of Monday night. Earnest, Wilma Stacker, at 1535 focal, thundershowers Monday or Monday night,
WEATHER IN OTHER CITIES 6:80 A. M.
mer McGuire, 90, 1528 Broadway, ar- Station Weather Bar Temp. “Mamie Be Amarillo, Tex PtCldy 3
DEATHS
je Bell Snyder, 60, at 802'. College. | Bismarck, N. D ...Clou 2 fenard Hollenbeck. 1, at Riley, menin- Boston AY
iS. Cl ¥ i erman Clarkson, 55, at 125 S. Haw-|C thorne. coronary occlusion, | Cleveland alter Davenport, 74, at Methodist, ar- Denver .......... riosclerosis. Dodge City, S$. tea Mae Wilkins, 78, at St Vincent's, | Helena, as bral hemorrhage. I. “Frank C. Lang 76, at 58 S. Bradley, | bral hemorrhage. i Little Rock, \ ja Zoller, 58 at 339 W. 31st, diabetes Los RY
Ne J. Puck, 48, at Veterans’, aortic | Mnpls -St. Patil \ [abile, M. Mock, 75. at 602 8. Meridian, | New reams "ahhh PtCldy
itis. New Y “ha Wildman, 54, at 2120 E. Donana Heb.
1 Pittsburgh .... ] 77. at] Portland, Ore arteriosclerosis. an bersole, 1, at Riley, broncho- | San
Antonio, Tex..... t nit at, u oh . Regan, 50, at St. Vincent's, | Tampa, fs op arab es i Teens rashington, D. ©...
ddd IRIS < 2
IBS. MIDI Ld 538353333:
myocard n James , carcinoma. Thomas Edmonston,
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2322s:
Francisco
3 | most military leaders of new, “war - time” army posts—Gen. Sir Wal-
European dispatches today again point to Danzig as focal point in
powers. The map shows distances
| in miles and flying time of important capitals from the crisis center
City Wants to Jo
of Europe’s militaristic chess game.
Concentric circles show estimated
flying time from various capitals to Danzig at air speed of 200 miles
per hour, '
» »
in Nagis
But Poles Stand in Way
By LEE G
. MILLER
Times Special Writer
WASHINGTON, July 1.—Danzig, on which Europe's war fears ave focused, is one of those flyspecks on the globe which are insignificant in
area and population but immense in importance.
political, strategic and psychological
Danzig has know war many times in its 10 centuries or more of exist-
ence, Denmark, by France, by Prussia, and
HITLER TO VISIT DANZIG JULY 23
British, French Warn Again City Must Not Be Taken by Force.
(Continued from Page One) condemning the strong speech of Viscount Halifax, Foreign Secretary. Danzig itself was tense, not knowing what might happen. It was admitted that Nazi Storm Troopers were organizing there after “S. 8S.” men appeared on the streets with arm bands inscribed “Danziger Heimwehr.” Gen. Maurice Gustave Gamelin, French chief of staff, cancelled a projected inspection tour of Corsica and is returning to Paris today from an inspection in the Alps. Leslie Hore-Belisha, British War Secretary in arriving in Paris Monday and will confer with Gen. Gamelin, M. Daladier and M. Bon- | net,
Cabinet Backs Premier
Premier Daladier's measures were reported to have confirmed his recent Parliamentary statement that two classes of reservists scheduled to be released from service in September would be held under the colors if the international situation be- | came worse or did not improve. Tt] was believed the Cabinet approved a decision to hold the troops under the | colors. The cabinet also approved instructions to departmental prefects to begin repression of “crimes and misdemeanors” under the ‘nation's war-time mobilization act.” The instructions covered foreign propaganda and efforts to undermine the country’s morale, Also appropriated were $37,100.000 for armaments, to be taken from the $397.500,000 in additional taxa-
Reynaud last April. Of the tax amount, $318.000.000 is to be raised by a 1 per cent “armament” sales processing tax. In the midst of the British defense preparations, Premier Champerlain sent a letter to E. R. White- | house, Conservative candidate in a North Cornwall by-election, reiterating his previous warning to Germany that Britain is ready to meet force with force, Mr, Chamberlain's letter added force to the recent strong pronouncements of himself and Viscount Halifax, Foreign Secretary. In the letter Mr, Tnamberlain said: “The Government always has expressed its desire that differences between nations should be settled by discussion and co-operation, On the other hand, we have made it no less clear that we ave resolutely opposed to attempts to impose settlement by force, and if need be, we will meet such attempts by force.” Order 34,000 to Report
The 84000 British youths of 20 years, born as the echoes of the World War died, were ordered to. report for Army training July 15 —the first peace-time conscripts in modern British history. They are among 200,000 20-vear-olds who have passed their physical examinations. They will receive six months training as militiamen, Others wil be called later. Calling of the militiamen came as one evidence of the racing pace of British rearament, the result of the European situation, Another was the assumption today by two of the country's fore-
ter Kirke as Inspector General of the home forces and Gen. Sir Edmund Ironside as Inspector General of overseas forces. It was made known officially today that on his way to assume his new post Gen, “Big Bill” Ironside, who had been serving as Governor and commander-in-chief at Gibraltar, conferred with Gen. Francisco Franco, Spanish Nationalist leader, at Burgos. Gen, Kirke had just returned home for a visit to the general staff of Finald.
NEW HARMONY WELL HAS OIL SATURATION
NEW HARMONY, Ind, July 1 (U, P.).—Four feet of oil saturation at a depth of 397 feet was found in a well being drilled near here by the Se Oil Co, it was announced toay. Officials said the well would be drilled deeper, but the productive
It has been ruled by Pomerania, by Poland, by Brandenburg, by
by itself, Frederick the Great is supposed to have said: “Who rules the mouth of the Vistula and the city of Danzig will be more master of Poland than the King who rules there.” The “Free City of Danzig” is both a city and a country, covering in all 754 square miles, or more than half Rhode Island's area, It bestrides the great Vistula River, which flows 750 miles through the length of Poland to the Baltic.
Population Mostly German
About three-fifths of its 40,000 inhabitants reside in the municipality of Danzig, near the mouth of the river's western arm. The population is 96 per cent German, and heavily Nazified, Its Polish residents are
[said to number only 14,000.
The free city is hounded on the south and west by Poland, but on the east it adjoins Germany's disconnected province of Bast Prussia, and Germany proper is only 15 miles westward across the Polish corridor, Nine miles up the coast from Danzig, in the northeast corner of the corridor, is Poland's new port of Gdynia, created since 1924 as a rival to Danzig. In 1933 Gydnia outstripped Danzig in tonnage handled,
and last year 9,200,000 tons of traffic
passed through the new port as compared with 7,100,000 through Danzig. American shipping has patronized Gdia heavily. Both harbors, protected by the long finger of the Hela peninsula, are among the world’s best. They are practically ice-free. Once Under Napoleon.
Danzig's present status as a free city, stipulated in the Treaty of Versailles, dates from 1920. But it was also a free city centuries ago, and later under Napoleon. In 1814 it was reabsorbed by Prussia, which ruled it until the World War ended. The Poles demanded Danzig at the peace conference, but the treatymakers demurred because of the predominant German population. The free-city status was a compromise, Under this arrangement Danzig has its own Parliament, its own currency, its own red-and-white flag, and German is its official language, but Poland has charge of its foreign
[nied entry to United States ports, and tion levied by finance Minister Paul relations and there is a customs
union between Poland. A League of Nations Commissioner is supposed to maintain amity between Danzigers and Poles, The tragedy of Danzig is that it is (1) "A German city and wishes to belong to Germany,” as Herr Hitler says, but (2) it bestrides Poland's “Mississippi,” the Vistula, and commands strategically the only ocean outlet possessed by Poland— the brief Baltic coastline of the corridor, Thus, in the words of Foreign Minister Beck of Poland, there is “a positive cross between Polish and German interests.” Herr Hitler says Danzig must come back to the Reich. Mr: Beck and President Mosciki of Poland say it must not, And Great Britain thunders that she and France will go to war for Poland if Germany attacks.
GRASS IS GREENER IN OWN BACKYARD
PITTSFIELD, Mass, July 1 (U, P.) Robert Finch traveled 12,000 miles-——to Honolulu and back-—in a futile search for a job this spring. Today he had found one—in a gasoline station two blocks from his home,
the free city and
MNUTT RESTS AFTER ORDEAL
Leaves for Washington Next Week to Confer With President.
(Continued from Page One)
planned to leave for Martinsville probably early this afternoon, . Mr, MeNutt's address, in which he made a fervent plea for peace at home and abroad, disappointed his multitude of listeners pecausa
mestic or political problems and of his Presidential campaign. Most of his address was confined to a discussion of the Philippine situation, He voiced a strong plea for the U. 8. to continue her sovereignty over the islands, warning that their complete independence would result in “trouble for at least a generation.” In an informal talk at the State House lobby reception, Mr. McNutt [spoke of his joy to set foot once more on Indiana soil, adding that the “man who wrote ‘There is no [place like home,” knew exactly what he was talking about.” “You've been awfully nice to me, [he said. “I can't ask for any more ‘from you. What happens to me as lan individual is not important, What happens to all of us is very [important, This is no time to be | thinking selfish thoughts. The mind [and energy of every man and [woman in America should be directed to thinking of the welfare of the greatest Nation on the globe.” Tries Out Old Chair Upon his arrival at the State House, Mr. MeNutt went directly to the Governor's private office where, after “trying out” his old chair and desk, he “went to work” on a box lunch consisting of chicken sandwiches and two bottles of milk, After his brief talk from a temporary platform in the lohby, the High Commissioner, flanked by Fred Bays, Democratic state chair-
|
"
gan his one-hour handshaking endurance contest, The erowd was directed by Mr, Bays to line up within a roped in-
he avoided any discussion of do- |
man, and Governor Townsend, be- |
F. D. R, BEATEN ON NEUTRALITY, BOLD CONTROL
Devaluation Power Is Swamped by Filibuster In Senate.
(Continued from Page One)
munition embargo which is in defiance of Administration policy. A motion to recommit the bill-—virtu= ally killing it for this session—-lost by a vote of 198 to 194 and the bill was passed finally by 200 to 189, margins so slim that Senate isola tionists are confident they ean fur= ther amend the legislation although they expect to kill it altogether.
Hull Hostile
Secretary of State Hull declared today he would continue to work for Congressional approval of the neu
trality law. In a formal statement bristling with hostility toward the embargo provisions, Mr, Hull said the House action was “a matter of regret and disappointment” from the standpoint of the assurance of this country's continued isolation from foreign wars. Speaker William B. Bankhead, in a separate statement, said he feared that failure of the House to elimi nate provisions for arms embargoes might “cause the troublemakers of Europe to draw the conclusion that thera is not concerted action in this country hetween the executive and legislative branches on national policy.” There were some breathless moments in the house, Rep. George [Holden Tinkham (R. Mass), bitter (foe of foreign entanglements, was prancing with hope and confidence |as House voted on his motion to re= commit, His exhuberance faded as a ‘recapitulation of the vote sustained [the tally of his defeat and the sad | tidings found him, finally, dejected land sitting spraddie-legged on the | House floor, | The conference report now pend[ing has been through the legislative ‘mill, The Senate altered the House [bill by voting down dollar devalua(tion, upping the price for domestic [silver from 64.64 cents to 77.57 cents land forbidding further purchase of
[foreign silver, Congress Reprimanded
| A compromise was worked out under Administration pressure to re‘store dollar devaluation, fix the domestie silver subsidy at 71.10 cents and restore authority to purchase [foreign silver, The House accepted that compromise. The Senate never ‘had a chance to vote on it last ‘night, The filibuster prevented it, But Mr. Murphy's opinion may help the Administration out of the monetary depts. Whether the | Supreme Court would uphold his judgment probably will be a question brought quickly to showdown [if the Senate approves the bill | Wednesday. | Mr, Roosevelt was in the White | House study until after midnignt
| and only a few minutes eariier an-
(nounced that he had signed two [last-minute appropriations bills, | reprimanding Congress in connecs [tion with each.
| Signs With Criticism | He signed the $1755600,000 work appropriates for
(closure, single file, but the jam at (the entrance to the inclosure was|
so terrific that extra detaiis of relief bill which : State and City police were culled the WPA and relayed activities, and
erie! 4 't) t and to hold back the crowd. the Agriculture Departmen Observers estimated that the line Farm Oredit Administration supply
moved past the commissioner at the |»
rate of a person every two seconds | or less, Calls Many by Name Using both hands for speed (and | to relieve the strain on his right hand) Mr. McNutt, beaming and | perspiring, greeted those in the line | with “Hello, there,” "How are you?” | “Glad to see vou,” “Hello there, Jim, | how's everything in Terre Haute.” | The crowd moved past him so fast] that it was impossible for him to connect names and faces rapidly enough to call more than one in 10 | by name, but an occasional lucky greeter received a pat on the back and a hearty “God bless you, it's| good to see you again.” Although several babies and small children were held up for him to see, the High Commissioner failed to emulate the old-styie politician by kissing them, |
CLAIMS SHOES TAKEN BY KNIFE WIELDER
As Robert Thomas of 809 Blake St. walked along Indiana Ave. today, a man whom he knows only as “Sonny” asked him for a quarter, When he refused, Sonny” drew
He eriticized the relief bill on four counts: 1. The would reduce
security wage provision security wages in northern and western areas and increase them “in that portion of the nation which has a warmer climate.” 2. The compulsory 30-day vacation for relief clients employed more (han 18 months provided no discretion for families in dire need. 3, The 3.4 per cent limitation on Administration expenses will impair efficiency. 4, Abolition of the Federal theater project, assailed in the Senate and House as spotted with communism, “is discrimination of the worst type.” In a mimeographed statement, he remarked that this major appropriation bill “comes to me from the Congress at 10 p. m,, June 30, Obviously I cannot withhold my sighature and thereby stop work relief for the needy unemployed.” Signing the farm bill, lie com= plained again that Congress had mn out on a 1938 ‘gentlemen’s agreement” to levy taxes to cover a $112,000,000 parity payment subsidy provided farmers last year bevond budgeted plans, That failure
a knife, forced him to take off his | was now compounded, he pointed shoes—83.50 worth-—and give them lout, by a similar unbudgeted apto him, Thomas told police. When |propriation of $225.000,000-—-added he reported the matter he was cool [to the bill signed last night but around the pedals, but pretty hot | without provision of tax revenue
under the collar, police said.
to pay for it.
(Last of a Series)
By JOE ALEX MORRIS
United Press Foreign News Editor Great Britain is influenced by two sharply contradictory factors in attempting to draw a line of war or
peace in Europe. Foremost in the program of Prime inister Neville Chamberlain's govmment is a firm resolve to exhaust every possibility of avoiding the chaos of another great war, and to avoid blame for the conflict if it comes, “The consistent desire of His Majesty's Government is to establish Anglo-German relations on a basis of mutual recognition of the needs of both countries with due regard for the rights of other nations,” is the stilted language of the Foreign Office, In other words, Britain holds to the desire to make a settlement with Adolf Hitler if the Nazis will only co-operate, But against this desire—which Germany denounces as a screen for encirclement of the Reich--must be balanced what Foreign Secretary Viscount Halifax describes as “the holding
possibilities of shallow formation would be weak later, world to
modes lr nS BE Ss a eb
threat of military force ransom,”
Fear of what that threat means to the British Empire and impatience with Hitler's failure so far to accept British offers of a reccnciliation are waging a fateful tug of war with the government's desire to avoid an uncompromising stand against the totalitarian powers, In attempting to bring together the changes in Furope's political situation since Praha fell to a Nazi army, it is important to inquire into the reasons for these conflicting factors. In the first place, the men in control of the British Government were forced by circumstances to set ap the newly formed European security front against their own desire; they are moving closer to an alliance with Soviet Russia with greatest reluctance hecause they have no current alternative, The other side of the picture shows, however, that the Chamberlain government is going to extraordinary lengths—military precautions and speeches by Cabinet leaders—to warn the Nazis against aggressive acts or perhaps to change the reputed belief of Hitler that he can get away with another forceful
the | blow Spam Poland if he is clever about
¥ Le
British Groping for Way to Keep Peace;
Furthermore, nader the prodding of an almost leaderless opposition and of such conservative rebels as Winston Churchill the government has made preparations far greater than before the World War,
In these maneuvers the Cabinet has been aided by a weak opposition, How long that situation will continue is problematical,
Londoners are not frightened. The shock of last September's war scare has disappeared, But there are antiaircraft guns in the parks now. Sons and daughters and often wives are signing up for national service, This week-end the most formidable army in British history begins training under a war-time command, All of these developments give backbone to British preparedness. But the fact is that an influential part of the Chamberlain Government has never abandoned its appeasement psychology. There is little question in the minds of persons close to the Gov= ernment that even if the Soviet alliance is completed—as is now essential to the security front— there will be future British gestures
Heroine
Times Aeme Teiephate. Miss Sarah Louise Ohmert, 32, telephone operator of Mounds, 111, holds medal awarded by the company for remaining at the switchboard ealling firemen and the power company until flames drove her from the burning building.
HERE'S MAYOR'S WATER REPORT
Sullivan Issues Statement On Dickerman’s Study Of Purchase.
Mayor Sullivan’ full statement on Judson Dickerman’s report on the Indianapolis Water Co, value follows: Mr, Dickerman has made a com» prehensive report and has con eluded that the City “would be well justified in offering $3,500,000,000 for the common stock of the Indi= anapolis Water Works Security Co, which will earry with it the physis cal assets and the net current as= sets of $1,500,000, This opinion is based upon his estimate of the value of the prop=erty of the company, the legal sit= uation, present low interest rates, the probable market value of the stock to private buyers, the possi= bility of inflation and the future of Indianapolis. The outstanding preferred stock of the Indianapolis Water Co. and the bonds of the Indianapolis Water Co. and Indianapolis Water Works Securities Co. are of the par value of 818438400, A net total of $20,= 438.000, Mr, Dickerman points out, how= ever, that he believes it advisable for the City, if it buys the company, to develop the Oaklandon dam and one-half of the Fall Creek filtration plant at a cost of two million dollars, for which bonds should be issued, Working Capital Needed
Also a total of $300,000 working capital would be necessary and $823,263,000 would be required for premiums on cailing of outstanding se= curities and expenses pertaining thereto, Thus the total cost of acquiring the property, free of liens, making necessary improvements and provid ing for a working capital would be as follows: 1—=Common stock of n= dianapolis Water Works Security ODiasrasrsns$ 3,500,000 2-=Securities of Indianapolis Water Co. and Indianapolis Water Works Security ©o.... 18438400
Total visas aanr sansa vaso $21,938.400 Lass net quick assets.. 1,500,000 Total Fa 333033035 +320,438,400 Bonds to be issued as follows: Oaklandon and Fall Creek Projects uvvvsaavasainass$ 2000,000 Working capital 300,000 Premium on calling se= curities and other ex. penses BARR RAEN RRR RRR E Ey
ERE ERE
823,263 Total vasa rasan eves $323,561.683 “Tn this sum should be added contingent interest liability and City's: cost of refinancing. The amount of contingent interest liability will depend on date of notice of ealling bonds.
SHERIFF PROVES HIS ‘METAL’ IN ARRESTS
RICHMOND, Ind, July 1 (U. P). —When a man with a badge stepped up to Everett Evans and Jess King of Green's Fork and charged them with tossing firecrackers against passing automobiles, they said: “Take yourself away from here, because we're not afraid of any 10cent store badges.” The man, Sheriff Arthur Quigley, took himself away, but he took Evans and King with him, They paid fines of $11 each in eity court.
WATER FIGURE BY DICKERMAN UNDER FIRM'S
Expert's Estimate Lower by
$1,411,000 in Report To Mayor. (Continued from Page One)
amendment to the Indianapolis utility laws providing that, instead of City Couneil having the sole power to decide on the purchase of a utility, the power should be di= vided between the Couneil the Utils ity District trustees and the Mayor, in order to provide a triple cheek. The price at which the company could be bought first was made pubs lie following a meeting between Mr, MeNear and City officials May 15, Earlier, Mr, MeNear, without nams= ing a price, had indicated that the company’s revenue was sufficient to permit the City to pay "as much as $26,570,000,” retire the bonds in 40 years and still make a profit,
Price Cut May 13
On May 15, he announced ths company could be bought for $22,= 825,000. This included $3,500,000 net for the common stock, owned by the Geist Estate. The remainder of the sum would be needed to retire the outstanding obligations, including preferred stock and bonds held by investors throughout the nation. A recheck of the obligations later disclosed an error, correction of which brought the purchase price down to approximately $22,773,000. This, Mr, MeNear explained, was the valuation fixed by the Publie Service Commission in 1932 of $22. 000,000, plus a part of net additions made to the property sinee,
Ruggests Revenue Bonds
On the basis of past earnings, Mr, MeNear contended, the City could issue $22,773,000 in 3 per cent reves nue bonds and atill have approxi mately $900,000 in revenue left at the end of each year after paying the interest and retiring ones fortieth of the bonds. Setting aside $317,000 to make up the loss in taxes to the various loeal taxing units, he said, the City eould cancel its present $400,000 annual hydrant rental bill and still have nearly $200,000 left. This $200,000, together with the elimination of the hydiant rental item, would permit nearly a 12=cent reduction in the fax levy, it was argued, Mr, Dickerman has had more than 40 years experience as a utility engineer, serving as a cons sultant on utility problems in nears ly every state in the union. He was loaned to Indianapolis several years ago during the City's electric rates case hearing, and hix services were highly praised by City officials, He was borrowed from the FIO recently by the Congressional coms mittee investigating the Tennessee Valley Authority,
SLEEPING WIFE AND
SON SHOT TO DEATH
SES
HOLLYWOOD, Cal, July 1 (U, P) Albert Singer, 65-year-old salesman, today shot and killed his wife and one son, critically wounded another #on, and then fled, A third son, Joseph Singer, 43, told policee his father had been barred from home because of exces= give drinking and previously had threatened to "knock off every one of vou and then kill myself.” Singer appeared unexpectedly at
(his home and fired three shots at
his sleeping family, One bullet instantly killed Harry Singer, 28, and another struck Mrs,
‘Frances Singer, 65, who died in a
hospital, The third struck William Singer, 27, as he jumped from his bed.
STATE ENJOINED ON ° TRUCK WEIGHT TAX
SOUTH BEND, Ind, July 1 (U, P) =A temporary injunction re= straining the state from enforcing [the truck weight tax law was in |effect today on order o! Federal | Judge Thomas W. Slick. He [Sani a petition by the Transs | American Freight Lines, Inc, of Detroit, Mich, The order was made contingent upon a similar suit brought in the southern district Federal Court at Indianapolis and was made effective until July 8 at 4 p. m, The Indianapolis case was expected to be decided July 7 by a three-judge court,
|
AT LOW. INT
olis property. Liberal
gage exemption.
CITY-WIDE
3001 N. tilinoh $b, 1541 N. Minos Sh, 1533 Roosevelt Ave,
toward a reconciliation. with the Nazis, |
a a I EL ee.
708 €. Sixty-Third $5, 11285 S. Meridian SH, 2122 Bost Tenth Si, 5501 E. Washington $1. 2600 W. Michigan St. 2506 B. Washington $1. 1233 Oliver Ave.
Real Estate Loans
EREST RATES
% Various lending plans and attractive terms are offered borrowers on desirable Indianap-
prepayment privileges
granted. Ww Federal Housing loans up to 80% of appraisals are made on one to four-family homes and apartments. % Loans are made for buying and modernizing property, re funding existing mortgages and refinancing purchase contracts to secure deeds and mort.
Inquire at Main Office or any Branch
Fletcher Trust Company
N. W. Cor. Ponnsylvanie end Marke! Sh.
BRANCHES
500 E. Washington $1, 474 W. Washington Sh,
¥.