Indianapolis Times, Indianapolis, Marion County, 2 January 1941 — Page 4

“Federal Reserve Board and

- MONEY

. Treasury Apart Over Control of Credit.

WASHINGTON, Jan. 2 (U. P).—

President Roosevelt ancl Secretary |: of the Treasury Morgenthau Jr., |:

today studied the Federal Reserve System’s proposal to increase its power over the nation’s monetary setup at the expense of the Treasury and the Chief Executive. . Presidential Secretary Stephen T. Early said that the proposal, forwarded to Congress by Federal Re-

POLICY | IS IN PROSPECT ¢

serve Board Chairman Marriner S. |:

. Eccles; was made with the “full: knowledge” of Mr. Roosevelt. Asked |: if that meant that the President]:

had approved it, Mr. Early said: “Before he'll give it his approval, he'll study it.” Mr. Early also said that the White House had assisted Mr. Eccles in the timing of his proposal which * threatens a tug-of-war between the - Treasury and the Federal Resérve System.

Under Study—Morgenthau

antime, Mr. Morgenthau told a preds conference that the Eccles recommendations were ‘under consideration.” He declined further comment. - He did say, however, that he “wouldn’t be surprised” if a date were set within the next week for submission to Congress of Treasury proposals to increasé the present statutory debt limit of $49,000,000,000 to $65,000,000,000. The Board's recommendations for repeal of many Treasury and Presidential fiscal powers, including the President’s power to devalue the dollar, and its bid for broad power to, combat inflationary tendencies may simulate the famous battle in the 1830s between Andrew Jackson and the Bank of the United States. Fragmentary | Congressional reaction—from conservative Senators —favored Mr. Eccles’ proposals.

Major Fight Indicated But there was little doubt that

. the report would touch off a major

controversy in the new, Congress - convening tomorrow, and that it may become a close second in Congressional debate to the question of greater aid to Great Britain. A conference the day before the report was released which was attended by Mr. Morgenthau, Mr, Eccles and Lauchlin Currie, assistant to Mr. Roosevelt. and a former Reserve Board economic adviser, was widely interpreted as an attempt by Mr, Morgenthau to have certain revisions made in the hoard’s proposals. | : Treasury Opposition Admitted

Although the first coriclusion was that Mr. Currie’s position was one _ supporting Mr, Morgenthau, some sources hinted that he quite likely might be in agreement with Mr. Eccles on many points and might be seeking a compromise between the opposing factions. . Treasury officials frankly admitted tha they would oppose virtually ail

Bette Davis . . . gives Hollywood ils first surprise of year,

MOVIE COLONY * GETS SURPRISE

Unawire of Romance With Childhood Suitor, a ‘Dentist’s Son.

By FREDERICK C. OTHMAN United Press Holivwood Correspendent

HOLLYWOOD, Jan. 2.--Bette Davis liad pulled a fast one on Hollywahd’s love-and-romance experts today by going on a lioneymoon with Arthur Farnsworth, Vermont déntist’s son. The experts didn’t even know she was in love with him. They never had heg rd of him. They received their first jolt of 1941 ‘when Miss Davis dispatched telegran's to news service offices, announ¢ing her marriage to Mr. Farnsworth on New Year's Eve, at the (15000-acre ranch of Justin Dart nénr Rimrock, Ariz. Mrs. Dart is the jormer Jane Bryan, movie star. | Flies’ to Wedding Scene

Miss Davis and a party of her closest [riends flew to the ranch from | Hollywood. The 34-year-old Mr. Farnsworth flew from the’ East. The Rey. Robert Price, a Methodist

parson from Olarksdale, Ariz, read

the ceremony, the newlyweds began their (haneymoon by automobile; and the weclding | party flew back to Hollywood. Miss Davis and husband will be back | in (town Monday whe: she starts a new picture. He's onl; been in Hollywood once. It [seems Miss Davis had two childho¢d suitors. One was Harmon (0. Nelson, who led the band at the lMewtop, Mass., High School. The other was Mr. Farnsworth. She married Mr. Nelson in 1932. She was earning $2500 a week and he was & none too: successful! musician, Two years ago Mr. Nelson filed |suit for divorce, making the

..ew~—of the Reserve Board's recommen- | standarc charge of cruelty.

dations, but considerad it proper that the disagreement over basic fiscal policy be brought into the open for discussion. | The Treasury's position was .outlined by these officials as follows: The President should retain the right to revalue the dollar for postwar economic emergencies. Some of the fiscal controls the board recommended repealed are not needed now when the Nation's economy is rising toward full capacity, but the trend

- may shift suddenly and ‘it would be

helpful then if the Secretary of the Treasury had/ the powers which he calls “his shotgun in the closet.”

Insists F. D. R. Keep Power

- “We are living in a chaotic world,” said one Treasury official, “and it is

| Saw Him on Vacation

Miss liavis later spent severil vacations at a lodge in the White Mountains, at Littleton, N. H. Nobody heére knew that Mr. Farnsworth was the manager. N In 193) Miss Dzvis made five pictures] arid. then .demanded a vacation.| &he got it and she spent seven months in Franconia, IN. H., where sé built & house and ivhere she presimably resumed her friendship wilh the resort manager at nearby Littleton. She i1eturned to Hollywood last February and built another house in suburban Glendale. Thets she and Mr Farnsworth will live—and desist fiom having breakfast with each other.

CHIEFS

L |gressional (lieutenants to an after-

f Inoon tomorow.

i [session in history.

UUNGREO: INVITED ‘TO WHITE HOUSE

Garner Confers Separately With F. D. R.; New Session (pens Tomorrow.

WASHINGTON, Jan. 2 (U. P)— President IRoosevelt invited his Con-

noon conférence today to discuss some of tiie momentous problems confronting the first session of the 77th Congress which convenes at

The invitation was extended shortly before the 76th Congress met for the firaP sitting of the longest The 76th Congress expiri:s automatically when the 77th conveies. Leaders invited to talk over pressing matter; with the President were Speaker of the House Sam Rayburn, House Deniocratic Leader John W. McCormack, Senate Democratic Leader Albin W. Barkley, Chairman Pat Harrison of the Senate Finance Committee and Senator James F. Byrnes (D, S. C.).

Ga: ner Not Included

Vice Preiident John Nance Garner was not included among the conferees but held a separate meeting with Mr. Rposevelt prior to the gettogether. White House Secretary Stephen ‘I. Early said that the Roosevelt-Ciarner meeting was arranged muiually and was of a general nature, The Vice President, who had absented himielf from the Capital for several mor ths, returned today from his Uvalde, Tex., home. He planned | to remain ere until after the thirdterm inaugiiration on-Jan. 20. His| term of offie expires at that time. He spent 40 minutes with the President.’ “The boss is looking fine,” was his only comment.

Madden Only Senate Issue

.Only on: piece of unfinished business remained for the Senate —confirmation of the appointment by Presiderit Roosevelt of J. Warren Madden, former chairman of the Nationz1 Labor Relations Board, to be a judge of the U. S. Court of | Claims. The House has no busi-| ness scheduled. | Senator Arthur H. Vandenberg) (R. Mich.) has blocked action twice] on Mr. Maclden’s appointment. | House Democrats will caucus at 4 p. m. to nominate Speaker Rayburn for another term and to return Mr. | McCormack as leader. } House F.epublicans * will meet sometime before the new Congress convenes t¢ name Rep. Joseph W. Martin Jr. as their leader for 1941. In tlie Senate both parties plan caucuies :Saturday.

BUTLER FRESHMAN HURT ON VACATION

. A Butler University freshman on vacation was seriously injured in a Chicago auto crash yesterday. Local trafic accidents accounted for several injured persons but none is believed in a serious condition at hospitals here. The Butler student is Horace York of White Heath, Ill. He is a member of the i*hi Delta Theta Fraternity. He and shree= fellow passengers were 'injurec. when their car and one driven by Paul Karpluk of Chicago, collided. John Pochron, passenger in the Karpluk car was killed. Mr. York has a possible skull fracture. ! Five persons were injured in a two-car cresh one mile east of Bridgeport on Road 40 last night. One car driven byj}Roy Currie of Brazil slid into the path of another driven by Jack Holland, 2634 College Ave. Slate Police said.

PAY

ice of all $3.95 a

R. HALES

eed IEC WIHHASHINGTON 5T.

ARCH SUPPORT SHOES FOR WOMEN

At a Sensationally Low Price

4 .

SIZES 4 TO 9, AAA TO EEE

Here’s your chance to save real money on these famous quality shoes. The materials are suede, kid, calf, : patent leather and reptile. The colors are black, brown and blue. Your choice of Cuban, Continental or low heels. Buy: during our January Sale of Sales and pocket a worth-

while dividend. Women's Warm Weight INDERA KNIT SLIPS

Seconds and Irregulars of $1.00 to $1.98 Qualities

79:

A special purchase of these warm, built up shoulder, noncling slips makes possible this offer. Heavy cotton, part wool, rayon and wool and cotton mixtures. Lights and darks. Regular and extra sizes. Star Store, Street Floor

Clearance of Women’s $2

SWEATERS i $j 00 *

All wool 'slipovers, long sleeves “Sloppy Joes,” short sleeve, button fronts, etc. Broken. sizes up to 40. Assorted colors. Star Store, Street Floor

$7) 88

EXPERTLY FITTED

Star Store, Street Floor

Women’s Full Fashioned

SILK HOSE

SALE PRICED

37:

Sheer, ringless chiffons, in 3 and 4 thread weights. Reinforced with rayon at top for extra wear. New winter colors, good size assortments. Seconds

of 69c grades. : Star Store, Street “Floor

80x105-Inch Krinkle

'BEDSPREADS | 49c... .

Colorful krinkle spreads. Extra length

forms the bolster. Wanted colors. star Store, Basement

15-Inch Part Linen

TOWELING

YARD

Bleached, part linen, dish toweling Last time

with fancy, colored borders. at this low price.

Star Store, Basement

NEEINITLER ALSO CLEARANCE of SURPLUS STOCKS and ANNUAL SALE of DR. HALES SHOE

- DRESSES

THE

‘GROUP NO. 1

$3.98 DRESSES

Broken sizes 9 to 15, -12 to 52.

Prints; solids and " blacks in a good as- S sortment of styles. i

GROUP NO. 2°

$7.95 DRESSE

Blacks, plain shades and prints. Wools, crepes, ete. ‘Also formals in this group. Sizes 11 to 17, 12 to 20 and 38 to 52. °

GROUP NO.3

A splendid group of smartly styled frocks at great reductions.’ Sizes 9 to 15, 12 to 20 - and 38 to 52.

ALL WINTER COATS

DRASTICALLY REDUCED |."

FOR CLEARANCE

Women’s Colorful Wash

FROCKS

28.

Lovely new cotton prinis in coat zipper and other smart styles. All are guaranteed color fas:. All sizes

11 to 17 and 14 to 52.

Women’s OUTING GOWNS

or $7 00

oy SERRE a eT

~, essential that the President hold his| Miss Davis once said thai the monetary authority, which is a|only way to make a marriage work eo [ores economic weapon that may|is for husband and wife: to break-

Special Purchase of 5000 Yards Warm weight, long sleeve, double

- - : : 8 gowns in regular size only. Solid colors, © { have to be used swiftly when the war| fast separately and thus nct see pe

ER TERM a J ~“\is over. each| other in the morning until WNT 80-Square DRESS PRINTS em

SE — His true that the power may|iey sell able to smile: BEGINS JANUARY 6... All cut from Full Bolts—not Remnants , Sigh Meris and Young Men's $17.95 and $19.95

not have to be invoked in these days | r lo IN i | Every young person. man or McNutt Among thould think of

AS «when major world powers have ex3 woman, 10 Best Dressed the same time, put themselves Marion County G. O. P. committee rard, president of the Parker

Regular _ 19¢ Value

We just received 5000 yards of these fine | quality 36-inch dress prints. A large range of colorful patterns in 4 and 5 color combinations. Also wanted checks and stripes. are guaranteed color fast.

Star Store, Basement

change control. Buf the timé ele- at aries, st phers, ment will be important when peace md. aces tants are scarce. The NEW YORK, Jan, 2 (U. P.).— The best; dressed: ick in America, i line for u future worth Whils

comes and the President will d need for many more is really -. authority to eT » nee urgent. ‘Chis Is a vital service Soqording » a Dail of the Cusms Tailors uild, is Peter : ] 2 Indiana Business College of Indianapolis. The o‘hers are

that r.us: be supplied. By pre- : S———————— paring to help meet the present 6. 0. P. LEADER IN : 230 WARD RESIGNS Arno, inagazine illustrator. SR The next nine best dressed, in : | at Marios, Muncie, Logansport, Anderson, Kokomo, Laf~yette,

situation. young people will, at - . rorder, are: Glex . SherThe first dissension within the Sin gfe! Jicnawool J. Sher House, | Boiton; Rhinelander Columbus, Richmond, and ¥in. Stewart New York; Lucius Eeebe, Gail© fanaliy. it “convenient. ew Work newspaper writer; a IO CI ion Gedrge B.-Rea, president of the Ba unt, Suite surface today. x | New York Curb Exchange; Guy I. B. C. nearest you, or Fred acy Do Jasons, Doon Sangster | Lombea'do, orchestra leader! Dr. W. Case, [Principal ve, who had been appointed ward | «Gordon Green, New York physi- : . “representative” for the 23d Ward,| cian: Frank L. Andrews, New Central Business College resigned, charging that he had been| York hotel president; Paul V. Mcmade merely a “figurehead.” Nutt, Federal Security Admin- plrchiteits ang Builders Tag. "In a letter to Mr. Bradford, he| istratof, and Omar Kiam, Holly- nay Indianapolis. by stated that when he accepted the| wood dress designer. : appointment as representative he|—— accepted only on the condition that he would be representative in fact | : as well as name, -

“I discovered that my appoint- | . » . ; | . ih ° o : University Training

. ment was an empty honor only and "Why Not Make Your Evenings Count?,

over Chairman James L. Bradford's new system of organization without regular ward chairmen, came to the

Famous Quality—Extra Heavy

Use Our 10 or 15-Pay Ph CANNON SHEETS

{ C i “a ‘Dressy, all wool, fancy plaids and tures, also plain teal, blue or gn Many have the popular zip out i

$1.19 and $1.39 Values 2 a. Sizes 33 to 42, for 7 : UWTi®s | Star Store, Second Flo?

84 © $1.65

Only 1000 on Sale! Hurry! “Cannon Caroleen” and Cannon fine muslin bleached sheets that will give 4 to 6 years ordinary household wear. They are 81 and 72 in. widths and from 06 to 104 in. “finished” lengths. All have deep hems. The length variation is our reason for selling these sheets at. such a 1ow price... Undoubtedly the best sheets we have even had in our store.

70x80-Inch’ Nashua Plaid 49¢ SHEET BLANKETS Large Size Ea.

lots from our Christmas selling. : Sizes 14 to 17. or

that I was in fact a figurehead,” Mr. Jacobs’ letter stated. “That you “have worked arcund me almost wholly in all of your Healings with the 23d Ward cannot be successfully ed ” | * ,

Shortly after his election as Coun- [oi oe’ : ; : ‘ty Chairman, Mr. Bradford an- | | |Enrell in one of our classes: In beginning Chemistry, -

‘nounced that warpd'® chairmanships | Qualitative and Quantitative Analysis, (Organic Chemistry, would be abolished and that in their ‘ang Mathematics lead directly to indusirial defense jobs.

stead personal representatives of iy |Ariny requirements for radet flyers call fdr two years college Star Store, Street Floor

5-Piece STUDIO ouT ;

i —Hassock : All for Only

chairman would be appointed. | ediication of its “equivalent.” Other government jobs require The identity of the ward repre- | knowledge of History, Coovernment, English Composition, Acsentatives never was made public. | colinting; Economics, Statistics, Sociology, #nd Psychology. Mr. Bradford could not be reached Ar for comment. )

SALE! 9x12 FOOT _ ‘Genuine Congoleum “GOLD SEAL RUGS

Every one knows that genuine ‘Gold’ S

| +! Business advancement often demand: training in Elementary or Advanced Accounting, Credifs and Collections, ; ! Mg rketing, Salesmanship, Personnel Mariagement, Business | Statistics, Advertising, Real Estate Appraising and Financing, ‘and Insurance Problems. + :

Pre-Nursing Courses, Pre-Dental, Prq-Medical, Pre-En-‘gineering, Teacher Training .and. Laboratory Technicians’ Courses offer professional training. Full reshman program, |. 87% a.semester. Single courses, $5 to $25. |

Seal is always a good buy at our regu- , . lar prices, so now at these prices they are’ super bargains. All fre heavy ° quality and ,in good patterns. “Also odd sizes at reduced prices, 2 f

6x9-ft. .........$2.39 T 6"xd-ft. .......$289 6 and 9-ft. Gold Seal Congoleum te oti dee me.

) a \ folly, /) we take sensible care of our healtlf. * ‘Remember digestion and elimination | are not as vigorous as in youth. We don't get the exercise we need. Food till tastes good, and it's a constant ptation to eat more than is good Dr us. Then Spolls of gonstipation len bring gas pains, coated tongue ! : nd bad breath. have learned | ~ Btension Division

e value of ADL] in helping | 122 B Michigan Street ’ 5 Li

! ; fod + 121 afternoon and evening classes begin January 27.

9x9-ft. ..........$3.89 ad = Ox15-ft. .........$5.89 Ql B_ Sola ou E-Z Tams

Indiana University

py the sunny middle years. Get | ADLERIKA todd at your Druggist’s. | i id HOOK DRUG CO. "