Indianapolis Times, Indianapolis, Marion County, 8 November 1940 — Page 11
FRIDAY, NOV. 8, 1940
DELAY SEEN FOR DEBT LIMIT RISE|
Plan to Tax U. S. Bonds Also Expected to Wait For New Congress.
WASHINGTON, Nov. 8 (U. P.).— Congressional leaders hoped today to adjourn Congress next Friday without taking up Treasury Secretary Henry Morgenthau’s plan to raise the national debt limit to $65,000,000,000 and tax new issues o now exempt government securiies. Speaker Sam Rayburn said those issues had been “lying around for a long time” and saw no reason to keep Congress here to debate them. He wanted newly elected Congress, which convenes in January, to deal with them. Treasury officials said the $4,000,000,000 of borrowing authority already granted for defense remains, and the six-week interim until the next Congress could be used in drafting proposed legislation. Mr. Morgenthau with an eye on
Ri 9
the fact that the national debt now |:
rapidly approaches its present $45,000,000,000 limit, proposed the Increase yesterday, saying: “We have only just started to _rearm.” Treasury officials indicated their "belief that the $4,000,000,030 increase In the debt authorized for defense purposes only, would be exhausted before the end of this fiscal year. i Mr, Morgenthau said he intended to ask Congress to withdraw the deflense restriction on the $4,000,000,000 increase of the national debt alTeady authorized so that it may be used for general expenditures as well as for defense. He foresaw the possibility of a national debt of $65,000,000,000 by June 30, 1942. . Reaction to hi als was flavorable among the few Congresstnen here. { The Senate met for three minutes foday and then recessed until Tues«day. Only four Senators were present;
| OXEEFE MAPS UNITY + TOUR WITH 1ST LADY
NEW YORK, Nov. 8 (U. P.)— Walter O'Keefe, stage and radio comedian who supported Wendell L. Willkie for the presidency, arrived by airplane with Mrs. Franklin D. / Roosevelt from Washington today ; and announced that he and the First Lady were planning a cross- { country series of stage shows in the interests of national unity. The programs, in which Mr. O'Keefe will enlist the services of 4 throughout the country. Mr. O'Keefe { said he made the trip with Mrs. } Roosevelt to discuss the plans. Mrs. { Roosevelt had no comment. She { came here to attend a luncheon at which she will present the Harmon
outstanding entertainers, will be presented at first in, Army centers trophy to Miss Jacqueline Cochran, flier.
OPEN EVERY. THURSDAY. AND SATURDAY. NIGHT UNTIL 9 O'CLOCK
The $6,400,000 Narrow Bridge across Puget Sound at Tacoma, Wash.
Span OverTacomaNarrows Plunges Into Puget Sound
TACOMA, Wash, Nov. 8 (U. P.).—The Washington Toll Bridge Authority today proceeded with plans to rebuild the four-month-old $6,400,000 Tacoma Narrows Suspension Bridge, the remains of which were lying in the mud in the bottom of Puget Sound. The bridge, third longest suspension span in the world, was whipped to pieces yesterday in a 35-mile an hour wind.
Northwest's three major defense units—Ft. Lewis and McChord Field ne Tacoma, and the Puget Sound Navy Yard at Bremerton. Hastily reconditioned ferries were put into service today between Point Deflance and Gig Harbor.
Tinker With New Model
While bridge experts argued about what had caused the span to disintegrate, engineers at the University of Washington tinkered with a $14,500 model to -eliminate the “bugs” from the new one, Charles E. Andrew, former assistant chief engineer on the San Francisco Oakland Bay Bridge, who built the Tacoma Narrows span, said he originally had planned for open truss construction, which would offer less wind resistance. Another engineer, he said, had substituted flat giders. Another theory was that the wind against the side of the structure had caused it to vibrate as a paper vibrates when the edge is blown. Still another suggestion was that the bridge had collapsed under harmonic motion set up by the wind.
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Whatever it was, the bridge began to sway ‘like a porch swing yesterday. Two trucks and an automobile were plunged into the sound when the bridge gave way. The lone casualty was a cocker spaniel owned by Leonard Coatsworth, who jumped from his careening automobile and crawled 500 feet on his hands and knees to safety. Patrick Henry Wilson, executive secretary of the Bridge Authority, said that full insurance coverage would permit immediate reconstruction. Prof. F. B. Farquharson of the University engineering department, who had been filming the normal sway of the bridge, tol aid in his study of the “ripple,” obtained movies of the collapse. He said an examination of the films might help determine the cause of the failure,
CIVIC LEAGUE TO MEET
The E. 21st St. Civic League will hold its regular business meeting at 7:30 p. m. today at School 68, E. 21st St. and Riley Ave,
Other Bale Belts to $5.49
AUTHOR LEWIS STOPS TEAGHING
There’s Some Dispute at U. of Wisconsin on Why He Left in Hurry.
MADISON, Wis., Nov. 8 (U. P.).— Sinclair Lewis, tired of the academic atmosphere, turned to Broadway's bright lights today with an unflattering picture of university life which some day may be the germ of another Lewis best seller, “I've told you all I could in a whole year,” Lewis told 21 startled University of Wisconsin students when he suspended his novel-writ-ing class Wednesday.
“Just remember to keep on writing. Perhaps I'll get back here for a week-end sometime later to see what you've done.” He said he was going to New York to help produce his new play, “Felicia Speaking.” On Univefsity Hill, the story was different. There seemed to be a feeling against Mr. Lewis on the faculty, many of whose members openly suspected him of caricaturing them for a new book. ‘The talk got back to him, . “I give up,” he snorted to friends over the telephone. “I'm fed up with these faculty slams at me. I'm through.”
MORGENTHAU ON VACATION MIAMI, Fla. Nov. 8 (U. P.)—
the Treasury, left here today by Pan American Airways for San Juan, Puerto Rico, on a combined vacation and defense inspection tour.
Henry Morgenthau Jr. Secretary of |
Circling
New Uniforms For Howe—The Howe High School band will step out in brand new uniforms Monday to lead Irvington Post 38, American Legion, in the Armistice Day parade. ‘The uniforms were purchased by the Men’s 400 Club, fathers’ association of Howe,
Lodge Sponsors Party—A “theater party” for members and friends will be held by Capitol City Lodge 312, F. & A. M,, at 8:15 p. m. today in the Masonic Temple, 525 N.
Illinois St. Fred F. Smith is mas-
ter of the lodge.
Club Cancels Meeting—The regular Monday meeting of the Service Club will not be held next week because of the Armistice Day holiday, C. Alfred Campbell, club president, announced today.
CLASS TO SPONSOR ‘BARN DANCE’ SHOW
“Barn Dance Melodies of 1940” will be presented at 8 o’clock tonight under the auspices of the Fellowship Class of the Bethany Lutheran Church, 2800 Shelby St. Jack Tilson will be master of ceremonies and the committee in charge is composed of Mr. and Mrs. George Brunson and Mrs. O. C. C. Fetta.
RICHARD GREEN TO WED LONDON, Nov. 8 (U, P.), — The engagement of Richard Greene, British motion picture actor, and Virginia Field, film actress, was an-
nounced today.
HIGH STANDARDS SCHOOL PUZILE
Must Be Kept Up for Top Group, Morgan Tells Teacher Panel. “The greatest problem facing educators today is to keep the standards
high enough for the upper group of high school pupils,” DeWitt S. Mor-
gan, superintendent of schools, said ||
y. He told a panel of high’ school teachers at Butler University that the school curriculum has been enlarged to take in more than classical subjects. This, Mr. Morgan said, while it benefits the largest group of pupils, is a hardship on the group whose education should be academic in nature, : “No one has plugged any harder for vocational training in schools than I have, but I'll still plug for a strong academic course,” he said. Ben Graham, superintendent of Pitsburg, Pa., schools, listed unemployment, a change in age group proportions and social and economic factors as those “impelling changes in secondary education.” The theme of the one-day conference on secondary education was “What the High School Ought to Teach.” Mr. Graham was to speak on “Specific Proposals for the New Plan” this afternoon, and to speak again this evening at the Columbia Club at an inaugural dinner for Philip M. Bail, new dean of the Butler school of education.
Victor Furniture Co., Says: Please Turn to
JURORS HEAR STORY OF HOPSON’S CRASH
NEW YORK, Nov. 8 (U. P.).—The rise and crash of the $1,000,000,000 Associated Gas and Electric System under the 18-year presidency of Howard C. Hopson, was being outlined to a Federal jury today from a a maze of company records at Hopson’s trial on fraud charges.
A huge bookcase along the courte room wall was crammed with ledge |
ers and journals containing the
story of how Hopson and a partner,
John I. Mange, not involved in the 4
case, got control of the $6,000,000 A,
G. and E. with a $100,000 investment =
in 1922, expanded it into one of the
and how it crashed on 300,000 investors 10 months ago. Hopson was alleged to have drained $20,000,000 out of the firm.
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