Indianapolis Times, Indianapolis, Marion County, 15 November 1939 — Page 2
STATE SUPREME
COURT UPHOLDS
PETTY LOAN ACT §
Ruling Defends Power of
Officials to Control ° Firms’ Rates.
The power of State officials to regulate the operations of small loan
companies in Indiana has been upheld by the Supreme Court.
“It cannot be doubted that some persons took undue and illegal ad-
vantage of those in need of fun
the Supreme Court’s opinion stated constitutional the Pet-
in declaring ty Loan Act of 1933.
Sued in Court
3
The decision was given in the
case of the Financial Aid Corp., of Indianapolis, which sought to escape regulations set up by the State Department of Financial Institutions in a suit tried in Marion Superior Court six months ago.
corporation appealed the ruling The corporation’s attorneys charged the loan act was invalid on the ground that the law delegated too much power to the State Department. The law, which has been attacked in the courts for six years, fixes maximum interest rates that firms can charge on loans under $300.
_ Legislature Fixes Policy
“Since the Legislature fixed the policies and interest rates and delegated fo the State Department the power to find facts applicable to each case, it is difficult to unger stand where the law any constitutional provisions,” the Supreme Court stated. State officials, in defending the law, contended that regulations were necessary to protect citizens in the low income group from having Io vay high interest rates for small . S.
HIGH MEXICAN COURT TO GIVE OIL RULING
MEXICO CITY, Nov. 15 (U. P).— The Mexican Supreme Court determines finally today the constitutionality of President Lazaro Gardenas’ seizure of $400,000,000 worth of American and other foreign oil
properties. : “The suit of the 17 oil companies, challenging the validity of the 1936 Expropriation Act and President Cardenas’ application of it 20 months ago, was placed suddenly last night on today’s calendar of the court’s administrative branch. The ruling of the five justices will be final. If they decidg against the companies, there will be no further legal recourse open to them.
LOOT GROCERY SAFE Burglars last night battered a safe at the Standard Grocery Co. Super Market, 931 Ft. Wayne Ave, and escaped with an undetermined amount of money and merchandise.
that picture? It was in Maine. for Indiana hostels.
20 KIRSHBAUM FORUM SUNDAY
sses Chrysler Institute President Will Be Community Center Speaker.
The second in the Kirshbaum Community Center series will be held at 8:15 p. m. Sunday when Dr. James Shelby Thomas, Chrysler Institute of Engineering president, will speak on “New Frontiers for Smart People.” After several years ‘of teaching Dr. Thomas joined the staff of the Commonwealth and Southern Corp. in 1930 as chief economist. He was named president of the Clarkson Memorial College of Technology at Potsdam, N. Y., in 1933, an office he still holds along with his Chrysler Institute position. The Forum is under. auspices of the Jewish Community Center Association. Mrs. Jack A. Goodman is chairman of the open forum committee. Officers of the association are Theodore Dann, president; Allan Kahn, vice president; Marjorie Kahn, secretary; Robert Efroymson, treasurer, and Allan Bloom, general secretary.
DIVORCES N. Y. BUSINESSMAN RENO, Nev., Nov. 15 (U. P.). — Mrs. Lois ‘Knowlson Dodge" Smith, former wife of Horace Dodge’ of the motor family, today was granted a divorce from J. Allan Smith Jr., New York businessman.
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29 on the CIRCLE
That Was a Memorable Trip"
Justin J. Cline to Mrs. Isabella Smith ,. . “Don’t :you rem
Delicious
Refres STRIP
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[YOUTH HOSTELS |
| MAY CIRCLECITY (si
BY NEXT SPRING
|And State Wil Ha Will Have String
In Operation if Plans Work Out,
If plans wok out, . Tndianapolis will have a ring of youth hostels, or
stopping-off- places for hikers .and bicyclists, around “the: city by next
Mrs. Isabelle: Smith, co-founder with ‘ her husband of the hostel
t |movement ‘in the United States, ‘is
| with a central organizing point, A | committee formed here wil inst
in town to help organize a local committee to start the hostels here. Her main points: “They're not hotels. They're not European.
They're. not oepitals. Above all, they're not ‘hos a Hostels in the United States are
organized into seven divisions, each tute
| hostels in Indiana.
ber I saw the sunset and I had. to
stop to take a photograph.” Mrs. Smith is in town to start i movement
Ho! for the Open Spaces!
AT LEAST ONE man in the United States probably will never want to hear that old saw about a postman’s holiday. That's Roy B. Goldep. He's Driver No. 1 for the Union Pacific Stages, bus line out of Omaha. He’s on a vacation and he and his wife are taking it all on a bus. He's even wearing his uniform. They're in town today to see Mr. Golden’s daughter, Mrs. Elton Higginbotham, 2057 Adams St. Everyone keeps talking about a postman’s day off. Mr. Golden says it’s logical. He likes scenery. He never gets a chance to see it while he’s driving. He has spent quite a bit of time on this trip looking out the window.
YOUTH, 17, HELD ON HIT-AND-RUN CHARGE
A 17-year-old youth was held today on a hit-and-run charge following an accident last night in which Floyd" Secrest, 33, of 539 Bell 8t, received an arm fracture. The accident occurred at Highland Ave. and Michigan St. as Mr.
Secrest was crossing the intersection. He was taken to Methodist Hospital. Shortly afterward, police arrested a 'Dawson. St. youth on charges of failing to stop after an accident and failing to have a driver’s license.
“Twelve ‘other persons were injured
in 27 deeidents overnight. Police arrested 44 motorists on traffic violation charges. "George DeMoss, 33, of 3101 W. 32d St., was slated on charges of intoxication and drunken driving after his car was in collision with a car driven ‘by: Percy Williams, 28, of 1714 Northwestern Ave, at Langsdale and Northwestern Aves. The two cars crashed against a parked auto owned by Ernest Ester, 2137 Northwestern Ave.
CALIFORNIA FARMER FROM ‘INDIANA DEAD
FRESNO, Cal., Nov. 15 (U. P.)— Clovis M. Cole, 83, who came to the San Joaquin Valley from Indiana in 1872 and at one time farmed 40,000 acres of grain land in Fresno and Madera counties, died yesterday after a long illness. The town of Clovis, in Fresno County, was named for him. His wife, a’ daughter, three sisters and a brother survive.
One in Indiana Now
There is only one hostel in Indiana now—at Gobblers Knob near Turkey Run State Park. Hostels are: usually operated by farmers, ‘schools ‘and colleges and local townsfolk. They often are situated in camps provided by local public-spirited citizens, . By next spring Mrs, Smith hopes there will be enough of these camps available to start week-end and sometimes week-long hikes and
trips. . Here's All You Need
Mrs. Smith pointed out: that all that is necessary to use the hostels is the purchase of a pass for one dollar, a sleeping bag and some means of transportation. “And the accepted youth hostel transportation is ‘under your own steam,’” she said. “That means bicycle or legs.” The pass is good in 4000 hostels in 20 countries. The extra charge is 25 cents nightly for lodging, with a charge of a nickel in the summer and a dime in the winter for heating. , %70 Miles for $21.90
Food is usually picked up en route.
Most often the hostelers travel in groups with a leader to advise as to route and the tricks of the trip, An average trip is the one made last summer by Justin J. Cline, division leader. He went from Chijcago to Benton Harbor, Mich, up the coast of Lake Michigan to Muskegon and Frankfort, across the lake to Marinette, Wis., and back down the coast through Milwaukee to Chicago. : He traveled 340 miles by bicycle and 430 miles by train, boat and bus. He was gone 15 days. Total cost to each person on the trip, including food and direction, was $21.90. - An almost complete hostel string has already been established in Michigan and Wisconsin. All routes are on back roads so as to eliminate traffic dangers. ’
181 IN WHO'S WHO" ATTENDED INDIANA U.|
Times Special BLOOMINGTON, Ind. Nov, 15.— One hundred and eighty-one persons listed in this year’s edition of “Who’s Who in America” received their college education at Indiana University, according to the current issue of “School and Society.” Of the others listed, 115 attended DePauw University; 64, Wabash College; 56, Purdue University; 47, Earlham College; 29, Franklin Col~ lege; 24, the University of Notre Dame; 23, Hanover College; .17, Rose Polytechnic Institute, and 16, Butler University.
ANOTHER BARGAIN TOWN ANDOVER, Mass., Nov. 15 (U. P.). The town of Andover cost $6 more than the City of New York, but even so it was a bargain. According to the WPA Historical Records Survey, the Rev. John Woodbridge bought the site from Indians back in 1646 —for $30 and a coat.
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