Indianapolis Times, Indianapolis, Marion County, 22 March 1940 — Page 1
VOLUME 52—NUMBE
IS TORPEDOED
~ BYBRITISH SUB,
Sea War, [Tae to Baltit In Possible Drive to Halt Scaninavian- Ore.
- LONDON, | \aten 22 (U. P)—A - British submarine daringly invaded
German-mined waters at the en- ~ trance to fhe Baltic Sea today,
sank the 4947- ton Nazi | steamship |
Hedderheim land aroused speculation on whether the Allies had opened a drive against shipment of Scandinavian iron ore to the Reich. First German merchantman destroyed by a British submarine torpedo in thi | war] the Heddernhein | eight miles ‘east of Skagen, at the northern tip of Denmark and just inside the Kattegat which, between Denmark and, Sweden, is Lhe German entrance to the Baltic. Believes Along t sea traffic
German Sub Destroyed : route must pass all down the Norwegian rd the Reich, including
ermany by way of the rt; of Narvik. submarine also was
shipped to Norwegian |
| when struck by the awler, Star of Peace. ain | of the trawler rethe Star of Peace had
pment of Sl 2 Reich and there has gen much agitation for a e at present in ord yo economic blocka
[a a ti- -scale Allied thrust 1 hern supply line to the ad been opened was unBut, it was pointed - out
steamships loaded and caused 37 others to edis sh.ports until a Ger-,
ganized. Naval 9
bigh seas Ernie in accord with international ° jaw betause territorial
asserting this was in contrast to ethods. - The 36 |men took to lifeboats’ and were then taken ashore by a Danish Coast Guardsmen——all but the first engineer, (who, a United Press Copenhagen dispatch) said, was made prisoner’ by the submarine. Is, who later passed through Skagen, Denmark, on their way to (Germany, said the British e the captain of the Hed-
The 5 he able seaman,
he [narrow Skagerrak anish and Norwegian | ; inded| the corner to heast ip of Denmark. ly Decause of mines and the of German minelayers, tepers and other war craft, use of many shallows, the
vessels | were the Danish thristiansborg, 3270 tons, and Charkgv, 1026 tons. There was no news immediately of the crews of the Christiansborg and the Charkov after naval circles said that during the past two days German submarines had torpedoed at least six! neutral ships without warning. In gddition to the Christiansborg and the Charkov other vessels lost durin the past 48 hours were the Danis ships Bothal, 2109 tons, the Viking, 1158 tons, the Minsk, 1299 tons, |and the Algiers, 1654 tons. All {except the Charkov were ‘known to have been torpedoed: and it was believed that it too was the of a U- boat attack since it disap peared in the same vicinity the Minsk was Yorpedoed,
Wed Apa when 10 German planes attac : a convoy of which the ves-
Naval forces have sunk 32,694 of |shipping in three Saye the
that con con nort G no
despite unfavorable weather itions the air force made reaissance flights as far as the
ern North Sea. rin quer said they had
FORECAST: Partly cloudy and continued cod tonight, » with lowest temperature about 20; tomorrow v partly cloudy and somewhat, warmer; occasional snow Prdieble. |
8 0
APPEARS SHAKY
Premier Reynaud Calis Conference . After Small Chamber Majority. (Another Story and Photo, Page 19)
PARIS, March 22 (U. P) —Premier Paul Reynaud won a vote of | confidence, 268 to 156, in the Chamber of Deputies today after he Had said that my “Government wishes only to fight” but the tenure of the new Government in office was uns certain because .111 Bepnies abstained from voting. After the vote -M. Reynaud called al meeting of the Cabinet} at the Finance Ministry to consider the situation resulting from * “the small vote. The vote gave M. hovibt the support of a bare majority. Had the 111 abstaining. voted against the Government the vote would have been 268 for M. Reynaud to 267 against. : The vote was taken after moderates and rightists criticized composition of the Government on the
'| inet.
ministerial declaration of a program for total. war to the end against Naziism.
Cabinet Defended
After bitter debate, which followed a cool reception of his ministerial declaration, M. Reynaud defended his Cabinet and asked the Chamber to judge it “according to the country’s interests.” He said that .the’ Goverriment had been formed with the support of former Premier Edouard Dala-
*|dier, now War Minister, and leader
of the Radical Socialists, some of whom opposed M. Reynaud’s selections. “1 do not. have powerful ‘political party backing,” M." Reynaud said. “We want to fight to win and to mobilize the country’s material and moral resources.” The brief ministerial declaration denounced the “ireason? of Soviet Russia. “To win means saving evervihing; to lose means losing: all,” the Ministerial declaration said. ; - “Aided by the treason’ of -the Soviets, the enemy is carrying the fight into all fields and co-ordinates all blows he (Germany) deals with a sort of .genius for destruction, the (Continued on Page Three)
BRITISH FLIERS CRASH |AFTER FIGHTING NAZIS
LOBITH, German-Dutch Frontier, | March 22 (U: P.).—A British plane crashed in flames near here today
It fell in Dutch territory.
whether the fight aloft occurred over Dutch or German territory. It was believed the occupants of the British plane had been killed. None was found. A municipal official at Lobith said that in all five plahes were engaged in the air battle. He expressed belief that the fight had occurred -over Dutch territory.
CONN FIGHT POSTPONED
DETROIT, March 22 (U. P)., — Promoter John Nelson announced today that the light-heavyweight title fight between Billy Conn and Gus Lesnevich, scheduled for April 5, had been eancelled because Conn suffered recurrence of | an attack of S
“By JOE COLLIER
There is a certain North ‘Side papa, who, if you mention Easter rabbits, will cringe and maybe run in the next room and slam the door. This iis all owing to the experience he had two years ago when he bought his daughter a tiny bunny for Easter with the fixed idea in mind that a [tiny Easter bunny lasted only through Easter. = - He did not give any thought to what he would do with the bunny after Easter untit after Easter arrived and then nothing could save him from building a hutch.
co ration at a British sub-
It had not beer} since high school
FRENCH CABINET
grounds that it was not a war cab-
b Debate followed M. Reynaud’s
after a fight with a German craft. |
It was not known [immediately
| its central
Fu In the Memorial Coliseum at Marion, Sunday more than 6000 Marion residents will take part in the fourth annual Easter Pageant.
Dancing girls and veiled matrons, sinners and agnostics, snake-charmers and candy ven.dors, merchants, shepherds and lepers are among characters to be portrayed. As pageants of other years, Jerusalem will be depicted with street down which Christ will enter, the scene of the
| Last Supper, the Gethsemane ‘be-
trayal scene and the | court of Pontius Pilate and ‘the March to Calvary.
3
FRIDAY, MARCH
ils of St. Paul's High School form a picturesque tableau.
Througheut the pageant there will be singing by’ a thousandvoice choir, gleaned from all the choirs and musical * organizations in Marion. The pregram from 6 a. m. to 7 a.m, will be broadcast over WLW. An expected overflow crowd of 10,000 to 15,000 will be accommodated by having all Marion churches open with radios tuned to the program. When the pageants first began, some church ople feared they “might lessen regular Easter 'attendance. The contrary has been true. The last three years’ attendance has heen on the increase. |
C ross More Than Symbol,"
“ls Theme of Good Friday Rite|:
“The Cross is more inon- a symbol of an event 2000 years ago,” reverent Indianapolis was told today from 75 puipits as it paused to Ao homage to a crucified Christ on Good Friday. About 60 Protestant churches and 15 Catholic churches held services, mos; of them in the three-hour period from noon-to 3 p. m. in which
3L00D FOUNTANS FROM NUN'S HEAD
Miracle Repeated for 16th Consecutive Year.
COSENZA, Italy, March 22 (U. P.).—The Nun Elena Aiello today puzzled physicians and priests as blood streamed from her forehead for the 16th consecutive Good Fricay. She lay in religious ecst--y on a small iron bed in the Cosenza Orphanage. During the manifestation, which many ‘regard as. a miracle, the crowds. of faithful who yearly make a pilgrimage to Cosenza knelt in adoration and prayer outside the humble stone edifice in which Sister
{Elena Aiello lives.
Priests and physicians: at the Nuh’s bedside made no effort to stem the-flow of blood, which stained one. pil ow after another. For 16 years the phenomenon never has failed to occur onthe saddest day of the Holy Week, the day marking the crucifixion of Christ. On previous occasions the bleed-~ ing usually has stopped about midnight, leaving Sister Elena's face chalk white. Catholics, awed by the manifestation, said that most of the blood
flewed from the Nun's forehead in|.
much the same manner as did that of Christ when a crown of thorns was pressed on his brow. Psysicians said that. Sister Elena did not appear to suffer and that her lips were opened |in a faint smile most of the day. Over her head was an image of Saint Theresa, Sirter Elena's protectress.
REGISTRATION UNITS REMAIN OPEN TODAY
The group :of six voters’ registration branches opened in_the city yesterday will be operated through today. New branches will be announced tomorrow. Clerks at each of the branches reported heavy new and transfer registrations’ yesterday. A heavy business also was reported at Room 34, ‘Courthouse, main registration cffice. Branches open are School, at 17th and Park Ave.; City Barns, at 1134 Shelby St. School, at Kansas and Meridian Sts., and fire stations at 1030 E. Washington St., "fibbs and E. Washington Sts. and at /2940 Kenwood Awe. Registration Geatiiine is April 8.
Live Bunny for Easter?
Ask This Dad—He Knows
ticular papa had had a hammer and saw in his hands and he had never before, to his recollection, built a rabbit hutch. He worked hard after office hours, continuously for ' a week or so, and finally had a fairly respectable’ hutch “built. The rabbit was growing, by this time, to alarming: ‘proportions, and the hutch door was just bdrely big enough for him. The man finally induced the rabbit into the hutch, which was placed in the back yard, and he felt that the problem was
settled.
Hy
‘However, it seemed no time at all until the ‘ neighbors
Streetcars, busses and many of the people of the city paused fqr a moment at 2:59 p. m., in memory | of * Jesus’ death. Between 2 and 3 p. m. thousands of Catholics fol-
Obelisk ‘Square, where the 14 stations. were. erected of Columbus. Tre Ore (three-hour) services were held at St\ John’s and about 10 other Catholic\ churches, a oe Mass of the Pre- Sanctified n a
\
Union Services Held
ation sponsored three union services in the downtown area. Outlyin communities and some downtown churches held services of their own. The statement that.‘“the Cross is more than a symbol” was made by Dr. Alexander E. Sharp; Indiana Presbyterian executive secretary, at the first hour of the Church Federation service in English’s Theater. Dr. R. S. Mosby, Simpson Methodist Church pastor, speaking in another Church Federation. service at Roberts Park Methodist Church, gave the most striking example of this “more than symbolic Cross” to which Dr. Sharp referred. “The Cross is a ‘measuring rod for the .social order,” Dr. Mosby said. “By it our religion, politics, wealth, art, science and ideals should be tested. Because we have neglected this measurement, we have intellectual bankruptcy and industrial chaos and moral impotency.”
Describes Meaning of Cross
Speaking at the other Church Federation service in Keith's Theater, Methodist Bishop Titus Lowe of Indianapolis said, “There is creative power in the Cross, magnetic power, eternally persistent. Christ’s atoning cross is the power center of the moral world.” Dr. Sharp declared that the Cross is “the revelation of a law as rigid as the law: of: gravitation. By’ this law we know there can be no great {achievement without * struggle, no triumph without pain, no Easter without. its Good Friday. Modern America needs to confront a Good Friday with its Cross at least once a year; it takes the Cross to remind us that no great life con ‘be painless. “The law of the Cross Fevialy hy (Continued on Page Four)
BULLETIN
DOVER, J., March 22 (U. P.).—Seventeen persons were reported injured, two of them seriously, in an explosion today at the Government arsenal at Picatinny, near here.
NX
GUN KILLS BOY, 5
JEFFERSONVILLE, Ind, r 22 (U. P). — Ralph J. 5-year-old son of Mr. and Mrs. Atwell C. Watson, was wounded fatally yesterday when a revolver which he found discharged accidentally. - The gun went off when; an older brother attempted to take it from the boy.
F. D. R. STILL HAS COLD WASHINGTON, March 22 (U. P)). —President Roosevelt still had a slight fever today, but Secretary Stephen T. Early said that Dr.
-| Ross McIntire, White House physi-
cian, believed that if the President continues his limited schedule over
to a normgl work day by Monday.
GETS TAX BOARD JOB
R. H. Ditty of Gary, has been named 8eld. A of the ohn
‘who were A.
State Tax Board, Shanks:
lowed the Way ‘of the Cross .in|W the Knights bee
The Indianapolis Church rae
the week-end he should be back
22 1940
REGISTRATIONS AROUSE FUNK
Charges | Democratic Jobhhold ers Are Used to ‘Bring Dut the Voters.’
charge that numerous Democratic | officeholders are helping register Democrats instead of at-
a statement issued today
by Glenn W. Funk, candidate for publican nomination for
Mr unk said that at every poll 1, he saw Court House, City State House employees doing party w At the registration branch in the
hnson Promises ‘Action
City Engineer G. Johnson, i nis statement, | hat if the station Wagon had | ised for ts purpose, it was a rders and that he
“fin st. and Park 'Avg., Mr. e talked to Demo-
registration places. “Obviously from this extensive inestigation,” Mr. Funk 'said, “the
or simply doesn’t care. itgee Employees Help
any people can be spared ‘thet posts of duty for such periods of time, it is ‘logical nclude that payrolls are being: d to provide political jobs and that [a great ni ber of these jobs can be eliminated. County. Clerk Charles R. Ettinger, who has charge of registration, said, in reply to Mr. Funk, there is very little| Republican activity to get Republ an voters registered, but that “that’s ng reason why the Demo- ' (Continued on Page Three)
30 SUBPENAED FOR PA CASE HEARING
Nolan Declines to Discuss Nature of Summonses,
- Nearly 30 persons, including county cials, were being served with subpenas today to appear in Federal Court April 22, the date set foe hearing oral arguments on motions e WPA case involving charges of fraud. trict Attorney’ Val Nolan declin to - discuss. the/ subpenas. However, when he appeared -%in|* court Tuesday to request postponement of the hearing date from March 28, he said ‘his reply to the
from long to co packe
| petitions and motions filed by de-
fendants would be of such a nature as [to require the presentation wa witnesses. / Defendants | in the case are Arthur /V. Brown, Indianapolis banker; Carl F. Kortepeter, former WPA “district director; Charles E. Jefferson, contractor; Arthur F. Eickhoff, bank teller and real estate firm president, and Miss Elizabeth C.| Claypool, a landowner. They are charged with defrauding the Government through illegal diversion of WPA funds and labor to work on private property.
IM. G: Johnson to prepare plans i |mediately and asked City Controller {James E. Deery for approval of a
to their public Jobs was |
party in‘power either hasn't learned
as Second-Clg Indiana
Entered at Postotfice,
WORKS BOARD
mo KS $750,
SEWER | PLANS
Program wil ; Flooding in Many | Parts of City. |
The City today launched the biggest sewer construction and recon-
the Works Board approval of a $750,000 City-WPA project. -
three months, includes the const
from Washington to New York [St.
{along White River; a series of storm. he
relief and sanitary drains and
“|repairing of sewers throughout ihe | City.
The Board ordered city Engineer
$250,000 bond issue to finance he
| City’s share of the work.
Program ‘Long Overdue’ Mr. Johnson said the pr m |has been long overdue and when completed will eliminate flooding in many parts of the City. The ity | last year began to alleviate flood conditions on the North Side with the constriction of the College ae and 38th St. sewers. The present plan is an expansion of the storm-relief system of which the 38th St. drain was the foundation. Mr. Johnson said he believed that the WPA will grant speedy on proval -of the project for which it
will be asked to furnish labor jond some materials.
Storm Sewer to Be Repaired
E. Washington and E. Market Sts. east of Pogue's. Run, in Merrill St, E. 10th St. and Michigan St. Local drainage sewers will be built in Alabama St., Northern Ave. and famstrong Park. Sanitary intercepter drains will be extended through Fall Creek | and West Indianapolis. The main Washington St. storm sewer will be repaired and sewers in Adler St.; Morris St., S. Sherman Drive, Westfield Blvd. ‘and Michigan] St. will be Jepaired. |
(TIL BE SUGHTLY WARMER EASTER
Today the Mercury 1 20 Degrees Below Normal. |
LOCAL TEMPERATURES ' a. ..2 10am... 22; a. .19 11 a.m. .,. 24 a. . 20 1pm ,.. 26 wo FF | Easter Sunday will be warmer | than today, but not as warm as is normal for this time of the year, the Weather Bureau predicted to-|, day i Today, in temperatures about 20 degrees . below normal, the | dow town section was remarkably| full of people who appeared chipper in‘the sunshine. "TFomorrow. the te tures will rise slightly an may be snow, the Bureau At 7 a. m. today the t in. Indianapolis was 19, a. full 20 degrees below normal ‘and oy 10 degrees above the “all sine flow for the day which was,/9 in 1889. ‘However, there /were bel Ww zero temperatures recorded fram the middle of Wisconsin northward to-| day, the bureau said, and there has been Sonsig rable’ snow oyer the
lak In / York City, visibility was limited to a féw hundred feet by a heavy #ng ow that clung to roofs but melted ns the pavement. In
Bir the skies were overcast and
re were occasional snow flurries nd three inches of snow fell last] night in Buffalo. The snow swept east from somewhere near Cleveland, and crippled holiday ‘plane travel. Warnings to small craft were posted from Delaware Breakwater to Portland, Me.
BROAD RIPPLE PARK ‘SOLD TO OSCAR BAUR
The sale of Broad Ripple Anis ment Park to Oscar Baur, Terre
for $129,043, was announced today by Probate Court Judge Smiley Chambers. The Broad ‘Ripple | Park Corp., owning the park, was in receiver= ship in the court. The sale was made by Charles L. Reid, receiver. Mr. Baur, who formerly owned the park,. held a second mortgage on the property in the sum of $123,975, and in purchasing the park, he
canceled the FB nd- mor{gage, assumed two small first mortgages
and ‘paid $5068 cash.
SAN wh CISCO, March 22 (U. P.).-~The line separating San Francisco and San Mateo counties runs through the bedroom of Theodore and Bessie Haines—in fact, between their twin beds . —thereby posing Judge Robert McWilliams a jurisdictional problem that he as unable to
solve today.
Bessie = wants to divorce heodore on charges of He pro
Judge Faces Twin Bedlam But All in He Line of Duty
{to decide whether The sleeping ar- ; citizen of | “the company is
sho lived in San Mateo County and a San Francisco court had no right to listen to her. City Engineer Julius Castalan of
Daly City was. called 'to testify that he had peered through transits, run: lines and carried chains along the county line, right between the beds. Mrs. Haines said she had used
the San Francisco County bed
. nightly from February to June last
year, when she and her husband separated. Judge McWilliams said he'd have
Eliminate}
struction program in its history with|
The program, to begin. in about] ; tion of one $40,000 intercepter sewer!
New sewers will be constructed inj. -
Haute brewing company executive; |.
| | | |
Matter lis, Ind.
“unbossed” State Democratic
HINT. CROMWELL MAY LEAVE 08
Capital Sources Wonder if He Will Resign as Envoy After Hull’s Rebuke.
WASHINGTON, March 22 (U.P). —Congressional and || diplomatic quarters predicted today that James
H. R. Cromwell, American’ Minister to Canada, would resign to “save face” as a result of the severe, public reprimand given him by Secretary of State Cordell Hull. ~ It was believed that the ‘husband of the wealthy Doris Duke, who has |gerved as Minister at Ottawa only
resignation ‘to President Roosevelt |: at once. His New York office said
ton within the next few days a |would not comment, until: then /on the controversy he has Caused by two recent pro-Ally speeches. ‘Congressmen who called for Mr, Cromwell's recall after. ‘he i nounced Germany and: Allies before Canadia now demanded that’ he be 'impeached if he does /not resign.
Hull Acts s Hurriedly
Veteran diplomatic observers could recall . no previous instance when the State ] rtment publicly rebuked a Dr tmert regarded’ $0 har; . ‘Cromwell's only alternative. . . Hull’s rebuke came unexpecty last night after the State Deat offices’ had closed. The epartment’s press relations officer telephoned the “statement to press association offices, although the usual procedure on important releases after hours is to call correspondents to the State Department Building
instructions. They Hull's criticism to be
.|for mimeographed copies.
The statement was prepared after Mr. ‘Hull had read:a transcript of Mr. Cromwell's address to a join (Continued on Page Three)
MALLORY PROFIT 6 TIMES GREATER
Annual Report Reveals Big Gain in 1939 Over ’38.
Profits of P. R. Mallory & Co., Inc, Indianapolis manufacturing concern, were more than six times greater last year than during 1938, the annual report revealed today. "Net profits after taxes and all
643.20 in 1939 as compared to $62,215 in 1938 or an increase of 645. 2 per eent. Philip R. Mallory, president of the company which makes! radio and other electrical pares and devices at its plant, 3029 E Washington: st., told stockholders that sales last year totaled $4,900,536.90 as ‘compared with $3,376,770 -the previous year. Dividends totaling 55 cents a share were paid in the year. There were 913 stockholders on Nov. 30, 1939, with an average ownership of 317 shares each. Mr. Mallory said there were 1218 employees on Dec. 31 and total salaries and wages during the year were $1,802,908. The average annual earnings of gach factory employee was $1276.41 in 1939 compared to
{$1112.71 the previous year, he said.
The European metallurgical patent
"land business, interests of the com-
pany have been transferred to Mallory Metallurgical Products, ‘Ltd, which has built a small factory ad-
son-Matthey, Ltd, .in Wembley, ‘England. The company here owns
the common stock is owned by Johnson-Matthey Co. “Already Mallory Metallurgical Products, Ltd., has some important customers: and business but what effect the war will have on its operations musts for the moment remain problematical, » Mr, Mallory said. The Indianapolis firm's balance sheet ‘showed cash of $509,896.51 or an increase of $367,053.88 over the balance the end of the previous year. Inven! entories increased °$110,769.38 over the previous year
{bank debt
Discussing also the Federal Treasury Department's ine come tax probe in Indiana, Mr. McNutt’ said that the ine i vestigation “in the end will not hurt my position. et “There are always repercussions to those things and I certainly haven't lost any sleep about it,” he said. 1 hope some kind of a report on it is made public soon.” The former Indiana Governor said never had he heen approached by any Federal tax official regarding the investi gation and that he offered Treasury officials a key to hig
. |campaign, but with no one ‘else.
‘unbossed.”
for Gove,
since January, might hand in his Henry,
‘that he would come to Washing-
audiences | ¢
plomat for disobeying.
as |to leave resignation as
known charges amounted to $463.-|
jacent to the laboratories of John- ||
40 per cent of the English firm's||: common stock while 60 per cent of|
Urges Unbossed Democratic State tion in Talks With Leaders; ‘Loses No, Sleep’ Over Income Probe.
By NOBLE REED Federal Security Administrator Paul V, McNutt, cot ferring with political leaders here today, said he favors =
ik
Convention,
5
if
safety deposit box. : : “They never took it,” hs added. “I have a lot of idéas on how this investigation. got started and something about
the people back -of it, but I
sve, nothing fo say for publica= tion.” : Mr. McNutt declared he had disn cussed the probe “with Elder, former Two Per coy Clu treasurer and adviser in the McNuth
Reviewing Indiana politics, he said most party warkers “have agreed” that the contest for the Democratic nomination for Gover} nor should be held “wide open
V 28
Not Against Any Candidate
“Iam n not pERmnst any candids e or,” he said in answer to questions on his stand in the guber® | natoridl race between Lieut. Govi F. Schricker and R. Eafl Peters, Indiana FHA director. 1 ‘Despite. “Mr. MeNutt’s y that his Pre ntial campaign nization would not meddle in Governor - race, observers that Frank McHale, his c 8 manager, will throw contr Fb support to some candidate Jetors fund the State convention. 2
fford Townsend’s supporters Ne favoring Mr. Peters. IX Governor Townsend up ta now has ; declined to take a' hand in the | gubernatorial contest, indicating he will wait a few weeks. # et owever, Mr. McNutt, in dis g ing ‘his private conference ; Governor Townsend last night, s& he understood: that the Eve favored an “open” convention. Talking over the Senatorial sit tion in: the Indiana campaign, McNutt predicted that ' Se Sherman Minton “will have no position to his renomination at 4 State Convention.” Confers With Finney
- He said he didn’t believe the Sens ator’s fight against the Hatch Ack will hurt the Senators campaigh for re-election. He regarded : the chances fof * ¥{ Democratic victory in Indiana the nation next November as * cellent”: and remarked that Republican Party ‘as usual has 1 program to offer, or at least it only a negative one.” “The only thing. I'm interested in concerning Democratic poli in Indiana.is that the party pres sents a strong, ticket in Novembes, he said. | Following conferences with Gov ernor Townsend last night, Mr. Mes Nutt conferred with other leader including Frank Finney, presiden of the Two Per Cent Club, suj posedly on campaign fund ma e Security Administrator talked at length with State Dem cratic Chairman Fred F. Bays w has been mentioned recently as (Continued on Page Four)
$160, 000 SCHOOLS . SAVING . EXPECTED
The ‘Indianapolis School City. save about $150,000 in debt serv in 1941, A: Good, schools | ness. director, Da today. ia He said, however, that the w amount of the s would appear in the 1940-41 budget now is. preparing;® because half the amount would be needed to an unbudgeted portion of the crease granted teachers last spr The rest may be wiped out by new school construction if that is nece sary, he said. The savings will result from tirement of $1,172,000 in bonds the refunding of - $2,172,000 mi The old bonds have an interest of 4% per cent; the.new ones ° carry rates of about 2 per cent
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