Indianapolis Times, Indianapolis, Marion County, 14 March 1941 — Page 12
PAGE
THE INDIANAPOLIS TIMES
FRIDAY, MARCH 14, 1941
DEFENSE STAMP SALE OUTLINED
Dimes-to-Dollars Plan Modeled on Postal and Treasury Setups. By PETER EDSON
Times Special Writer WASHINGTON, March ean start saving your dollars right now For come May day and spring flowers, there will blossom out across the land in 51,000 postoffices and 250,000 other stands, whole bouquets of multi-colored defense saving stamps in denominations of 10 cents, 25 cents, 50 cents and $1, and a new defense series of U, S. savings bonds in denominations of $25. $50. $100
Is
14. dimes
You and
and on up to $500 and $1000. There’
will be no limit to the issue The big idea, of course, is to do what the Liberty Loan drives did in the last war, raise money for defense expense. The formula this time, however, will be modeled on a combination of the U. S. postal saving stamp and the treasury department baby bond plans, already proven successful in raising almost $5 billion. } Organization Set Up In skeleton form, the organization to handle this new phase of defense* financing is being put together, Harold N. Graves, now Assistant to the Secretary of the Treasury, will head the drive, woirkfng directly with Secretary Henry Morgenthau and Under-Secretary Daniel W. Bell The American tion, Investment tion and the savings volunteered to help with figuring that his tvpe of financing offers them no tition, The new saving stamp-baby bond plan offers advantages that the Liberty loan plan didn’t have Particularly, there won't be any speculative risk, Stamps and baby bonds all have fixed value. They can't be traded In are registered and non-negotiable. Only the original purchaser can cash them, and can that only by surrendering them postoffice or certain desighated anks, and waiting 24 hours nks will get nothing for handling the transaction
Associabanks have the sale, defense compe-
Bankers Bankers
“hey
ao
I'he
It Works will
How The new setup about like this: Anvone having dimes, quarters, four-bit pieces or dollars doesn't know what to do with will be entitled to buy the interest-bearing’ defense saving stamps. The stamps can be pasted on which will be provided When this stamp collector accumulated up to $18.75, he trade the sta bond, which will have a of $25. That is, it will $25 if the owner till it’s due, 10 vears later 32 Years in
Same Location
work out
hho
cards or in books ee. has can mps in for a baby face value worth 0 It
Frolic Dancer
Telecasters, After Year in Laboratories,
Ask Approval of Their Commercial Debut
Miss Betty Burke (above) will be a feature dancer at the St. Patrick's Frolic of the Fifty Club tomorrow at the Hotel Severin, Courtland C. Cohee, Dr. Alan L. Sparks and Vincent Farrell will have charge of the musie and entertainment. Frank W. Spooner is club president.
PREFERS SLEEP TO ARMY, GOES TO JAIL
SCHENECTADY, N. Y.,. March 14 (U. P.).—Ward McCullough, 31, a WPA worker, was sound asleep when he should have been rustling about preparing to go to an Army camp for a year as a selective servtrainee McCuliough's
ice draft board had warned him not to miss the train and police sent Sergt. Tom Riley to make sure he got up on time. Mr. Riley Cullough, helped him pack his clothes and accompanied him to the station, . Ready to board the train, MecCullough turned to Mr, Riley and said: “I won't go. make me go.” Mr. Riley took him to city jail to await arrival of Federal authorities.
KNOX HINTS DISLIKE OF HIS $15.000 JOB
WASHINGTON, March 14 (U. P). Mavbe Secretary of the Navy Frank Knox doesn’t like his $15.000-a-yvear job. Furthermore, apparently members of the House Appropriations Subcommittee in charge of naval funds aren’t interested in it, The following exchange occurred between Mr. Knox and Rep. Charles A. Plumley (R. Vt.) during hearings on the 1942 naval appropriation bill: Mr. Knox—"I wish vou were sitting where IT am. I would love to give vou my job, and go back to my newspaper.” Mr. Plumlev—*I do not want it." Mr. Knox is the publisher of the Chicago Daily News.
No one is going to
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By TOM WOLF | Times Special Writer NEW YORK, March 14.—The subject at which television's cameras have been focused for the past year has been . . . television.
Last Easter, the Federal Communications Commission told its youngest prodigy (who was then anxious to strut his stuff professionally) to toddle a bit slower. “Before you go to the American public as a commercial adult,” the FCC said, in effect, “make sure vou're ready and then report to us.” The report (by the National Television System Committee) was recently made. Now television is again ready to plead its case, with informal hearings before the FCC scheduled to start March 20. To the radio owner who has’ rustiled up the $95 minimum for a television attachment to his present set (complete radio-television receivers start at $195), what appears on the horizon? The immediate visual differences between television today and a year ago are minimal,
Technical im-
| provements (such as more sensitive vision camera scans its object from | pickup tubes or new, big 13!:2-by-|behind rapidly whirling red, green 18-inch screen) make possible and blue filters. A w sharper Behind these slight improvements, ing set spins in which are ready for immediate use, With those on the camera—translie a myriad of breath-taking fu- [forming the black and white picture possibilities that have been ture received into full color. tested experimentally during televi-| A much nearer possibility is the sion’s year in the winderness. Out- possibility of network television. standing among these is full color This is a problem because reception television, developed to a high de- is not assured much over 40 miles—
gree in the laboratories of the Co- although signals have been received |
lumbia Broadcasting System. ‘much farther, Connecting coaxial Technically, color television is cable for chain broadcasting is alrelatively simple. It is based, as most prohibitively expensive. Netare all moving pictures (including Work broadcasts are envisioned, television itself), on the fact that however, through the use of tall, the eye remembers a scene long automatic relay towers which pick after it changes. Thus, by sending UP the weakening television waves in rapid succession what may be and rejuvenate them with additionthought of as a red, a green and a al power automatically. blue picture (all colors are made of! Another successful experiment to red, green or blue), the eye remem- make Jules Verne take notice was bers each color long enough to the recent projection of television blend it with the succeeding colors onto a full-sized 20-by-15-foot —thereby seeing in full natural movie theater screen — bringing color, closer the reality of attending your Actually, of course, colors are not neighborhood theater and seeing sent through the air. ‘The tele- the news as it happens.
T0 BE DEFRAUDED
NEW ORLEANS, K March 14 (U.| P.).—Woman’s battle for the right bation for two years. M. L. Tall-
to manipulate receipts.
warehouse
WOMAN WINS RIGHT
heel with red,|to vote and enjoy other privileges
definition, better visibility. green and blue filters on the receiv-|today had a new victory—the right sentence was suspended. All pleaded synchronization | to be defrauded. Federal Judge Alexander Aker(man, in sentencing four men on mail fraud charges, remarked that the defendants had been accused of | defrauding women in a conspiracy Royal Australian air force squadliquor rons are flying in six countries —
| rights,” the judge said, “so I guess
97, OUTRUNS THIEF [it’s not much worse to defraud a
” TORONTO, Ontario (U. P.).—A {woman than a man. . Harry H. Smith, Jack Pierce, La-| 12-year-old boy tried to snatch the zaar Pierce and Nathan Sang, all of | purse of Mrs. Irene Button of ToChicago, were given suspended sen-| pronto, Mrs, Button is 97 years old tences of two years and put on pro-| —and still spry. She chased the roungster up a lane held him {man of Chicago also was put on Iwo a ean and d years probation but imposition of] Y J. .
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