Indianapolis Times, Indianapolis, Marion County, 1 August 1944 — Page 6

1.250, 000 War I Veterans Eligible for Loans—Maybe

(Second of a Series)

By ROBERT TAYLOR Scripps-Howard Staff Writer » WASHINGTON, Aug. 1.—Some 1,250,000 of .the men who have done their bit in this war are eligible for Sova) Futian of up to $2000 joans to buy a home, a farm or a business—maybe. The first “if” ill be answered by the terms of the regulation which will be issued by the veterans administration after -its lawyers and financial experts. get through untangling conflicts in federal and “state laws and the complications of inter-agency relationships. [farm paying off, and Joe's char-| The second condition is that the | goter. veteran, according to present pros-| pects, will still have to meet the

Banker Agrees The banker agrees to lend $2000! _lat the stipulated interest rate of 4 prdina a | per cent, provided the veterans) those who lend |8dministration guarantees, half the money—character, loan. Joe applies to the veterans, i earning ability, | administration for the guarantee—! responsibility. [Lerman a method will be devised | The loans pro-| for the banker to handle the ap-’ vision of the G. IL { plication. bill of rights is so! The veterans administration can! thoroughly mis - guarantee $1000 of the loan after understood that finding that the loan is, in fact, some veterans going to be used to buy a farm, that'=

Mr. Taylor

think the federal government stands both the farm and the prospective! ready to pay out $2000 as a cash {farmer show a reasonable prospect |

f success, and that the price for loan, ®u application. Banks in| 0 , Re of the country have the farm is not more than its! been approached by former service; | normal value, as determined by men for what they considered a “Proper appraisal’

sort of bonus. Will Work Through Agencies

List Qualifications In the case of the farm loan, the ns with 90 veterans administration probably] The law says ve reas apply, | Will work ‘through the department days service or disability, may apply, | lof agriculture: for home loans, under certain conditions, to the ad- through the federal housing ad-. ministrator of veterans affairs, for {ministration, and for loans to buy = the guarantee of not tp exceed 50 2 business through the department per cent of a loan for purchase] lof commerce or some agency of the| of a farm, home or business, pro- reconstruction finance corp. vided the total amount guaranteed! In every case, -however—as the | “is not more ‘than $2000. ' {law is- drafted—the government's; = 2 tothe, Sx promeet RuRrEItes, TTSUHEC. = . ; stmt i aa EERE ALATOR, “ron & ra familiar with the law—that G.. 3 the banker's viewpoint as well as the 'S Joe js going to submit to the fiscal veteran's; It is neither a- $2000 scrutiny of his local banker, build- handout nor a blanket guarantee. ing and loan association secretary, The” government thus relies on| insurance company, or rich uncle,|the caution of private money before he can cash in. |lenders, while sharing their risk to Let's suppose Joe wants to buy | make it easier for the veteran to| 8 $10,000 farm. Hell have to go borrow the money he needs. The| * to his local banker, or other money veterans administration itself will | lender who will satisfy himself as|make no loans. to Joe's farming experience, ability Fear Inflation and industry, the prospects of the

* 2

Some financial circles have expressed fears that the veterans’

‘YOUR Dag loan program may help post-war

“SCRATCH?” inflation, by boosting the market If He Does, He Isin TORMENT for real estate and businesses,

pointing out that, by the end of The best dog in the world sat be truly the war, some 14 million men and

happy Y.oben he must continuail + roses {women of the armed services will |

m an intense itching Ptiteton that has [phe eligible. He 1s In frensied tormenttan's help parm The law provides, however, that joing, rs, |8NY ‘loan guarantee be subject to Bh DE Be orion oe a! ¢ 35 package helped my | price paid or pai y the | Sh 2% mRadigisly Re pea + [Rr Mg veteran for such property does not | ot pnt 30s at ray pauniers Dog Powders | exceed the reasonable normal value | port shop. (Economy size box only $1.00). |thereof as determined by proper appraisal.” The loan program is thus protected from boom prices, and speculative sellers. Not all veterans will want loans. The loan provision was inserted | because the world war I veterans] who first proposed the G. I. billi= of rights remembered what they|= might have done when they came | back, if they had had the money. . Some may not be able to convince | private money-lenders of their abil- = ity to farm or run a business, some | may find the legal tests for a loan = guarantee difficult, but all who get! the money will have to meet the| usual requirements.

MOTORIST ROBBED, LEFT TIED TO TREE

jerkin suit in fine wool shetland 0% wool, 60%, rayon); jacket has side button

clos ng and dainty embroidery trimmed pocket $ A holdup man took John C. Ped- <kirt has front, back pleats, Pastels, bright colors, igo, 633 Berkley rd., for a midnight Sizes 7 to 14. $5.98. roe po night joeore he Tobbed Shelton casual blouses in raven eres. Cowl iim of $22 and his automobile. neckine or bow tie style. White. pastels, br ight

Driving north on Pennsylvania st, Mr. Pedigo stopped for the

traffic signal at St. Clair st. A man opened the car door, covered him | with a revolver, and ordered him to,

bie. Sizes 6 to 12. $2.00.

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C= jiior Boys’ rayon cavalry twil

slacks, wel’ \ Rew he drove almost to West. | tailored and designed for service. Tan, brown, ul . Every Facility field, where he was forced out of blue. Sizes 6 to 12. $3.98. hj " Available and ge ted © tree wih 3 rope) Argyle plaid sweaters with a V.neck. Have a 58 e man inen ion perfect fit, long sleeves. Slipover style. Plain Here.... his billfold containing $22 and drove!

colors and plaids of canary yellow, brown, blue.

Sizes 30 to 38. $3.89,

away in his car, Mr. Pedigo said he spent two or. three hours working the ropes loose and then started walking home. A truck driver, Everett! Herrell, Miami, picked him up close | to 86th st and brought him to town, | where he called police. Yesterday afternoon Everett Hamiiton, 17, of 917 Buchanan st, was robbed within a block and a half of the police station. The holdup man covered him with a gun at the! elevation on Virginia ave., took $10|= from his billfold, climbed up the|= elevation and disappeared along the | railroad tracks.

To belp you fulfill the last requests of a loved one, our funeral home offers you complete and friendly service,

ALTO FARMER KILLED KOKOMO, Aug. 1 (U. P.).—John ! Dean, 68, Alto farmer, died today! at a hospital of injuries suffered yesterday when a cow crowded {against his truck. Dean was standing on the running board of a truck | superintending the transfer of a= 'herd of cattle from his son's farm|= to a neighbor's when one of the |&animals pressed against him.

CONKLE FUNERAL HOME

1934 W. Michigan St. BE. 1934

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« « « For You Who Are Headin’ Back to School School days, school days—dear old golden rule days—yes, they'll be here before you know it! And before they arrive, you'll want to be sure that Janey and Jimmie have just the clothes they'll need. Come to Ayres' Downstairs Youth Center and choose from our outstanding collection of sturdily made clothes that combine practicality and smart good looks!

B—¢.. Greenaway and Cinderella wash frocks for now and school. Plaid gingham, checks, striped chambrays in smart, becoming styles % Jour young

scholar, Sizesel 1Q 12. $2.00.

C—worm. teddy wbear-like coat in soft alpaca with an elegant quilted lining and beige or red shetland trimming. Grayish brown. Sizes 7 to 14. $21.50.

H—.ior boys' reversible fleece fingertip coats. Fine for all kinds of weather. Reverse side of serviceable cotton twill. Superbly taijored. Brown only. Sizes 4 to 12, $9.98

be Leisure jacket suit for dress or allaround wear, Mannishly styled. Coat has a plaid front, plain sleeves, back and collar. Also coat with plaid back, collar and solid color front. Choice of plaid or plain color contrasting slacks, Combinations of brown, tan, blue. Sizes 410 12. $14.98,

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tions of brown, tan, blue. Sizes 2 to _

8. $3.98.

D— Heavy quality woven fleece coat sets in green, brown, teal. Choice of two coat styles. Single-breasted princess type with velvet trimmed collar, or Lruble. breasted coat with self-collar, Ski pants are fully lined with cold-ex-empt knit cuffs. Sizes 7 to 12. $15.00,

E—u sloppy Joe sweaters; slip-over style with long push-up sleeves. Pretty pastes. Sizes 8 to 14. $3.00.

All-wool shetland skirts in solid colors or attractive plaids. Pleated all around or Molyneaux front and back pleats. Sizes 7 to 14, $3.98.

K Well tailored slacks of fine qual ity. 239%, wool and 77°, rayon cavalry twill. Serviceable. Tan, blus, brown.

Sizes 12 10 20. $5.98.

"Lucky Boy" plaid sports shirts: sanforized: long sleeves: bold pater: fine cotton: convertible collar. Sizes 6 to 12. $1.98.

L—. zipper front leather capeskin jackets with tab shoulders, knit cuffs and band, Brown. Sizes 8 to 18. $9.98.

Hockmeyer TweeDuroy slacks in brown and gay partridge pattern corduroy. Frully cut. Serviceable, washable.

Sizes 10 to 18. $4.98. / am a

fa ~

Jump into this smcoth pinwale corduroy jumper. It has a V-neck, full dirndl skirt; belted back. Green, brown, red, wine. Sizes 7 fo 14, $3.98.

Pretty, frilly blouses in rayon crepe or broadcloth. White, with or without colored embroidery trim. Sizes 7 to 14, $2.00, »

TUESDAY, AC 1,1044

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Perfe holes colors new s 100% feath purpl velvet