Indianapolis Times, Indianapolis, Marion County, 1 December 1944 — Page 30
PAGE 30
BUSINES
I —t———————— {1
BE aati he hun ah cated tena nomad LL a a a di ht ra
ip
: Henry Kaiser, r, 8ymbolizes New Kind R Of Busi
inessman in Public Favor
ROGER BUDRQW mens
A NEW KIND OF BUSINESSMAN has emerged in the
last few years, to-catch the
public's fancy and confidence.
There "are plenty of ox fashioned tycoons around yet;
but they are on the wan The new businessman is an apostle who preaches such heretic doc-| —trines as high wages for workers, better products at lower prices oy increased profits made out of vol-| ume turnover, not | high profit mar- | gins from a small volume of sales These business | radicals think we] can do big busi-| ness with the world, including | Russia; believe that labor and in-| dustry and gov-| ernment can get along without con-/| stant quarrels; they think we are| on the eve of our greatest prosper-| ity in history. So they want their fellow businessmen to get out of their mental ruts, show some real enterprise in bringihg in ‘the business (and thus creating jobs) by breaking traditional methods, researching for new products, opening new flelds of endeavor. That's the kind of a fellow Henry |
Mr. Budrow
= URGE OVERHAUL OF LABOR LAWS
State C. of C. C. Also Seeks Recovery Clause in Old-Age Aid.
The Indiana State Chamber of Commerce adopted -19 resolutions} |and elected four new directors at. its annual meeting at the Scottish | Rite cathedral today. ® New directors are William A. Kunkel Jr, publisher of the Ft. Wayne Journal-Gazette; Alden Chester, president of the GlobeAmerican Corp., Kokomo; Laurence F. Sullivan of the Security Bank & Trust Co., Vincennes; and M. Scott Pickens, president of the Peter Klerner Furniture Co., New Albany. Among the resolutions was one urging congress to “reopen the entire field of personnel relations leg-
J. Kaiser is, Some 1500 Hoosier islation in an efJort to remove businessmen came here today to|causes of employer- -employee dis- | hear Mr. Kaiser speak at the Indi-|putes.
ana State Chamber of Commerce annual meeting. It's the second year in a row they've been treated to such progressivism, Last year Eric Johnston was the speaker, This writer first became acquainted with Mr, Kaiser several months ago, in Washington. His enthusiasm is the most contagious thing in the world. He has a broad and keen sense of humor. He is perfectly aware that some businessmen are skeptical about some of his ideas (although they concede his shipbuilding record is terrific), but Just let those skeptics speak up. They will be in for some bareknuckle debating. » » . THERE WAS a lively off-the-record discussion last night, at a private dinner for Mr, Kaiser, with, a Hoosier industrialist who didn't see how he could pay the present wages and still cut the cost of his product. That word “can’t” to Henry Kaiser was just like a red flag is supposed to be to a bull. ” ” » v CLARENCE A. JACKSON, executive vice president of the State Chamber, promised Mr. Kaiser “a jittle rest” if he would come oul here a day ahead of the speech. “Mr. Jackson didn't want to take any chances on the trains from Washington being late.) The “day of rest” consisted of piling off the B. & O, at 6 a. m, near South Bend into an “icy cold blast,” being met by Studebaker Corp. president and his good friend, Paul Hoffman; having breakfast with Studebaker directors at the Hoffman home; driving to Purdue, having lunch with a dozen big-wigs there and conferring with them, “ending, as all conferences do, in a strong political tinge which was intensély restful”; touring Purdue and the housing research project in a car until the clutch gave out, then continuing on foot; driving down to Indianapolis; having a press conference, then a social get-together and dinner with State Chamber directors and a few others, a speech, ete. He mentioned getting even by inviting Mr. Jackson cut to his shipyards for a rest. » J . MR. KAISER waxed enthusiastic over Carl Boester's housing research at Purdue, particularly his new method of heating which he called “revolutionary,” although it's still in the research stage. “We must reduce the cost of housing,” he said. “It's just simple economics — reduce the cost, you get more customers, you make more money, more people have jobs.” ~ ” » PRESIDENT ROOSEVELT'S eampaign promise of 60 million jobs is a real possibility, Mr, Kaiser belleves. In a private survey, he found there was a good chance of providing 30 million jobs in four industries alone. That being so, there's no question about providing 60 million jobs altogether, he said, if “labor, with all its heart and soul, and industry and government will work together.” » . » HENRY KAISER “looks just like his pictures,” as the phrase fs. He is heavy-jowled, has a penchant for loud ties, has a husky voice but does not “orate,” gets so enthused he can't finish his sentences. He gets a big kick out of arguing with those whe dissent from his views, But let the arguer beware.
PACKARD PLANS AIR
TESTING STATION
DETROIT, Dec. 1 (U, P). — Rumors that Packard Motor Car Co. would take over operation of the huge ‘Willow Run bomber plant were spiked today with the announce< ment that the company would use only ground space at the army air base there for an aircraft engine flight testing station. George 'T. “Christopher, Packard |p
*“ president and general manager, re- Fenn
vealed plans to erect a $725,000 sta-
tion which will be used to flight pur
test advanced aircraft engines de-
veloped at the company's, Toledo, oq
Tax Equality Sought
government control, approved the basic principles of the present social security system and recom-|——— mended enlargement of the system along federal-state-local co-opera-tive lines, and urged continuance of the federal - state unemployment compensation program without “sweeping changes which would destroy” present fundamentals. Pastponement of plans to double the federal old age and survivors’ insurance tax rates on Jan. 1 was recommended. The chamber also urged restoration of the property recovery clause to the Indiana oldage assistance law and urging that county tax adjustment boards again be given the right to review county welfare budgets and tax rates, Socialized - medicine was rapped, a simplified and integrated federal taxation system In the post-war period was urged and tax equality for competitive business was recommended.
M. M. Bowman To Speak Here
Milton M. Bowman, eye safety consultant to the U. 8. department of labor, will be the principal speaker on the eve conservation program of the Indianapolis Chamber of Commerce Safety club's meeting, Tuesday night at the Columbia elub. Mr. Bowman, who has spent the last 25 years in the field of eye gonservation, will speak on “Vietory in Sight.” Election of club officers will be held at the meeting. During the week, Mr. Bowman will address the employees at the Curtiss-Wright Corp., at the R. C. A. plant, the Hugh J. Baker Co, E. C. Atkins Co, and the Cummins Engine Co. at Columbus, On thusday night he will address the Central Indiana Op+tometric society at the Severin hotel.
ZENDER ELECTED BY BRIDGEPORT BRASS
Times Special BRIDGEPORT, Conn, Dec, 1 Austin R. Zender, director of sales at the Bridgeport Brass Co, has been elected vice president in charge of sales, the company announced today. Mr, Zender has been with the irm
Mr, Bowman
Se 1% Cent Fox. 26% 2 Rul Biel”... 11 “48
Be
ey
Eastern Buys 14
to Eastern Air Lines, the company
and 34 night passengers in berths.
is the flight from Indianapolis to Havana in six ‘hours and 25 minutes.
As soon as war conditions permit, 14 of Lockheed’s Constellations, the world’s largest and fastest four-
engine transport, will be delivered announced today. The firm said
it had ordered the convertible type, which carries 48 day passengers
Typical of the schedules proposed
WASHINGTON, Dec, 1.—Admini
line making contest.
————————————————————— ss Sse |
HOG PRICES RISE 1570 25 CENTS
Market Up on 160 to 400Pounders; 9575 Received.
Hog prices rose 15 to 25 cents on 160 to 400 pound weights at the Indianapolis stockyards today, the war. food administration reported. The Market on ‘hogs under 160
pods was steady. The top was reported at $14.10 on 200 to 240-pound hogs. Receipts included 9575 hogs, 550 cattle, 600 calves and 1400 sheep.
GOOD TO CHOICE HOGS (9575)
120- 140 pounds [email protected] 140- 160 pounds 12.256 14.00 160- 180 pounds 13.90614.00 180- 200 pounds 13.05@ 14.06 200- 220 pounds . «. 14.0061 14.10 220- 240 pounds . « [email protected] 240- 270 pounds .. +o 13.956114.10 270- 300 pounds $etesecranes 13.906 14,00 300- 330 pounds ...... area 13.906 14.08 330- 360 pounds ....cceeeeee [email protected] Medium. 160- 220 pounds. ...ii.oannes 11.75@ 13.75
Packing Sows Good to Choice
Repeal of Foreign Loan Ban
Dogged by Debts of War |
By LYLE C. United Press Staff Correspondent
post-war private loans to foreign governments which defaulted their The chamber also recommended |world war I debts will touch off futile discussion of the billions owing us that transportation be kept from|and arouse at least one battle-weary sendte veteran to another head-
Seventy-eight-year-old. Senator Hiram Warren Johnson (R. Cal),
THE INDIANAPOLIS TIMES ‘Constellations’
#0
FARM CENSUS . TO START JAN. 8
Counties Will Be First . Since 1925.
The five-year farm census of Marion and 11 other central Indiana counties will get under way Jan, 8. Approximately 25,000 farms will be surveyed for statistics on total crop acreage, valuation and yield, farm land area and valuation, quantities of machinery and live. stock and poultry -figures. > The census, which has been taken
since 1926, is under the direction of Grover C. Parr, supervisor of the fourth census district with headquarters in Room 300 of the Big Four building.
Enumerators Apply
At present the office is taking applications for employment of 100: enumerators to work the area for the U. 8. bureau, Workers will be chosen on the basis of general in-
o Survey of Marion, 11 Other["|
Jap Stamp Act
The Philippine stamps shown above, smuggled out of the islands by an exchange prisoner, show how the Japanese appropriated Philippine postage
for
2 HUGE FREIGHT
1 | Dec. 1 (U. P).~Two new “Sky-
telligence, familiarity .with farm life. Other counties included are Madison, Delaware, Randolph, Wayne, Henry, Hancock, Shelby, Rush, Decatur, Fayette and Union, Hopper, assistant district supervisor,
writing legibility and their own use, obliterating all
references to the U. S. and in one instance (top stamp) employing a surcharge reading: “Congratulations—Fall of Bataan and Corregidor—1942."
George Indianapolis, will act.as
GLIDERS TESTED
New Transports Largest Now in Use, Army Says. WRIGHT FIELD, Dayton, O,
Freighter” gliders, giant motorless transports which dwarf the largest now in use, are undergoing flight tests at Wright Feld, the air tech- |: nical service command disclosed today. One glider, the XCG-10A, will carry six tons of aerial freight while, the other, the XCG-16, hauls a pay-load of five tons. Both transports are approximately half again larger than the CG-4A, the largest A. A. F. glider now in combat,
Tail Assembly Set High
The XCG-10A has a wing span of 105 feet and is 67 feet long. It is a high-wing monoplane. A tomparatively small single tail boom extends from the top of the fuselage to a conventional tail assembly set high to facilitate loading from the rear.
The XCG-16 represents a trend toward the flying wing design. The|
Dwar |
FRIDAY, DEC. 1, 1044 Curtiss-Wright
Publicists shift |
John B. Millis Jack Stark Jack Stark, who has been as sistant to the publicity director of Curtiss-Wright Corp. in New York, has been appointed public relations manager of the Indianapolis propeller plant, suc ceeding John B. Millis, Mr. Millis, who was Indiana manager for the United Press before joining Curtiss-Wright 18 months ago, has been transferred to Montclair, N, J., where he will be assistant manager of public relations for ‘the corporation's propeller division, Mr, Stark, a native of New York City, was aviation editor of the Miami, Fla. Herald, publicity director for the Miami AllAmerican air races and has been with Curtiss- ~Wright more than two years.
ship has a tail, but uses an airfoil [= fully-assembled 155-mm. howitzer or a 2% ton truck and the XCG=-16 will carry two jeeps or one 75-mm howitzer,
section as a fuselage. The wing span is 91 feet 9 inches with a length of 48 feet 3 inches. The XCG-10A will accommodate a
WILSON
>
stration plans to sponsor a flow-of
[ill be standing there shouting “no” | even if all of his 95 colleagues are unanimous for repeal of the loan prohibition act which bears his (name, Unanimity is not likely, however, in any action the" congress takes to clear the way for private loans to debt defaulting governments, Assistant Secretary of State Dean Acheson advised a house committee yesterday that several foreign governments had requested post-war loans and that the administration desired repeal of the Johnson act, among other things, to make such possible,
Act Passed in 1934
The Johnson act was passed April 13, 1934. It forbade flotation in the U. 8. of new loans hy foreign govermments in default on obligations to the U. 8. Johnson intended the act to be considerably broader than the form in which it finally passed. As the senator proposed it, the act would have forbidden loans to governments and governmental subdivisions in default not only on obligations to the U. 8, but on obligations to corporations or individual citizens of the U. 8. That latter language would have prohibited loans to many South American nations whose governments, municipalities or states had borrowed heavily here, frequently under high pressure from American investment houses, and who had not been able to pay their debts.
Yields to F. D. R.'s Request
At President Roosevelt's request, Johnson agreed to an amendment
270- 300 pounds [email protected] 300+ 330 pounds .. . [email protected] 330- 360 pounds .. . [email protected] 360- 400 pounds [email protected] Go 400- 450 pounds ...esevenine [email protected] 450- 500 pounds ...eeveicens 13.506 13.60 Medium — 260- 850 pounds «...e.vseene 12.40G13.40 Slaughter Pigs
Medium to choice—
90- 120 pounds y os 8.509 11.50 | © OA
TTLE (560) Choice 8 700- 900 pounds ...ccceeevee 16. 0g. 80 | 900-1100 pounds ...eserinnes 16.500 1100-1300 pounds .... sees 16.75 1 25 1300-1500 pounds .... . 1675018235 Good 700~ 900 pounds ..ioveverones [email protected] 900-1100 pounds ....c.e00nuee [email protected] 1100-1300 pounds ....oseevvene [email protected] 1300-1500 pounds ...ececeenecs 14.004216.78 Medinm 700-1100 pounds o esses [email protected] 1100- 13% pounds ..eecevecrnee [email protected] Comm %00- 1100 pounds .......e0 sess [email protected] fore Choice 600- 800 pounds ........ eeees [email protected] 800-1000 Laie ehetsee eevee 15.50916.50 Goond600- 800 pounds ...eveeeee vee 13.00015.25 | 500-1000 Pounds seeessesce oo [email protected] Medium ~ 500~ 900 pounds ..... erersnee [email protected] Common 500 900 pounds 1.50@ 9.50
) . [email protected] 8.756@10,26
Canner
CALVES Vealers (all weights)
(600)
since 1936 and has been in the brass| Good to choice .....s....s... [email protected] fleld for 22 years. He is a native of | Common to medium .......... 9.504215.00 | DOW in excess of $13,000,000,000. Brooklyn, N. Y. and graduate Of {CUl® cooooovoeeeiieoneeien 6.009 (9.00) The ‘debtors are Belgium, Czecho- * ! ! " 8 a Feeder and Stocker Cattle and Calves slovakia, Estonia, France, Germany, Yale university, Steers Great Britain, Greece, Hungary ————————————————— Choloe— ’ ’ ' 4 500- 800 pounds «......0 vo oo [email protected]| Italy, Latvia, Lithuania, Poland,| N. Y: St b 300.1060 rounds ....... “etn 1810 Romania, Yugoslavis, Armenia an d| + Xo OLOCRS | Room pounds ::ovcovrvz: WGI soviet Russia Net | Med Of all the borrowers, only Finland, NYA Low Last Change S100 sounds seesessseses RBOM] Lh whom we recently broke diplowees 3% Ph RY ro 1 500- 900 pounds ...........s. 7.500 8.79 matic relations, has kept up pay$éraaen "w a w ro alves (steers) Wa 2% 22 * Good and Cholco— ments. Am Red & 88 1% 1% ih mn +200, Pounds down .iiviae ,» [email protected] Germany is listed as a world war | 8h 8 8 — %|Mediume- beca W Anaconda . ... 38° 2M 21% . *| B00 pounds down .......ese [email protected]| 1 debtor use that nation ab Armour & Co. 1 84 6a — 1/5004 and tale iter) sorbed Austria and therefore be-| AU Refining 0 3013 20% is." |,800 pounds down ....... +. [email protected] came responsible for that nation's Bd oan. o1t 2% 30 + 1% 800 pounds down .....iii.ie [email protected] | debt. Beth Steel - oie fin ein - " \ SHEEP aki LAMBS (1400) Great Britain owes the Joost, upCaan H+ oh wes (shorn) wards of $5,570,000,000. ance is Borg Wag . 38 3% 3% — 8 HR wn ee en "hy Good and holes: ee 10.38@ 13.00 next with more than $4,000,000,000 Shilds wit a Ht Wh. 7 and Ttaly owes about $2,000,000,000. Douglas Are ‘ 88% Su (5% hy Good and chole® «....oiinne a“ Biegan The unpaid debts, however, are u n en 4 3a + Ya Mellium and good ......veunin \ DTI rig 13h 300 13% + Jol Madiims SRA QUOR vesssseiien s.00@ 5.7 | Only a small part of our national Gen Foods .... 40% 404 401p — Yi debt, which is computed by the Goodrien v5. Bi Bite 81% ru. treasury at $214,022,144,14.03 Goodyear 11110 1 dl ww Zw GRAIN PRICES RISE If all the debtors paid their bills re ~~ Int nop: W. He HF today we still wodld he in the hole ennecott ...., 3 34) 34) $200,000,000, Kroper O a B. on 36% 36% *. Deakty Lock od Al Alreft 101s tos es = W : ckhee: re 3 » iy 1 maby 7 » Marin Gira). 2 i So CHICAGO, Dec. 1 (U. P)—De- Mo SE L NZ, ont Syard ... 3] Hs : + | cember rye rose almost 1% cents a * y= Nat Biscuit .... 34 24) 2 Vena penses receipts th Mt Distillery . i 3 an ++... | bushel on the board of trade today. an year rough v. “3 come Ohio OI +r... 18s 18° 18. . is{Other grains rallied after a mixed Pered with a your age: =. v. packard ose» Bt ght 4% oo |opening. Corn held relatively easier. kipenses ; 4 30.708 421.300 7,059,680,537 cheeiie 12% 112 13 =a] At 11 a.m. rye was quoted up i [War Sp Bia 14.938 180.13 2 i "0% Xlto 1 cent, wheat up to %, com Nec" Dencié adele fanonl 3050N » s Ba ~ NK 7 Cash lL. 15,241,268, Sits Mt 81... off i to up i, oats up 4 to % and Ga Pe 14/478.540,703 LN 18% 15% 15% — “igi barley up % to 1 cent, Publie_De ° Debt SRE 0 '1300450.302 107718 18 — % b “33 b ime Schantey "Dis 8 and im 7 u| LOCAL PRODUCE INDIANAPOLIS CLEARING HOUSE um Ae. 2 Ron 2 breed hens, 236. Leghorn. nema, | Clearings sungn star unes FOBIDH0N
roaster, un
cz
| which limited his loan ban to those
ors when specially authorized by
5| act. Chairman Sol Bloom (D. N. Y.)
Beef tee introduced a repealer and anGood (all weights) ....... « [email protected] “ar " Sausage— 5010.00 nounced hearings “within a week. Medium oon ns @, 9.50 List of Debtors Cutte and common .. .... 6.00@ 1.78 |
on default to the U. 8. government | and to.another which permitted in-| direct government loans to default- |
congress. The export-import bank, for in- | stance, or the Reconstruction Finance Corp. can make direct loans to foreign governments regardless of past defaults. But the administration’s purpose now js- to. enable foreign governments to tap the vast store of private capital in the U. 8. So long as the Johnson act is on| | the books, that would be impossible | {for at least 16 defaulting governments, embracing most of Europe. The house military post-war planning committee, which heard Acheson yesterday, does not plan further hearings on repeal of the Johnson
of the house foreign affairs commite
The defaulted world war I debts are carried on the treasury books
ROSE TIRE CO.
a
THIS CHRISTMAS GIVE HOME COMFORT"
SPRING
In FV SU
Reg. $69.95 Value
2%
Big, Rand SOE, luxuriously comfortable Tilt- Backs with matching Ottomans. Choose from Tapestry, Velour, Mohair i Frieze coverings in a selection of 12 colors. Frames are
Choice of 4 Govan? Colors of carved Solid Walnut.
Easy Terms
PULL-UP CHAIRS Values Up to $19.95
$120
Lovely chairs to grace your home. Carved Walnut frames and coverings of handsome Tapestry and Velour.
Pay $1 y
Wook
Massive, modern, quality-built Living Room Suite, styled for many years to come. Your choice of handsome, long-wear=~ ing tapestry, velour or mohair coverings.
VAN Gladly Arranged
Fine Furniture for Less
TAKE UP TO A YEAR TO PAY
PRE-WAR QUALITY
5149
Te
4
Englander Mattress or Coil Box Spring
5-Pc. DINETTE
Heavy, full-size quality mattress. Your Choice Attractive tufted ticking with rolled edges. Full size coll spring mattress to match.
PAY $1.25 A WEEK Srdetrdetocioionk
Attractive, well built, Lime-Oak Dinette. Exten-
44> sion table’ with .
extra leaf and four chairs with leatherette seats. Real value,
PAY $1.25 A WEEK dededdedrk ik
iThe Finest Gift of All—A WAR BOND
Frirrdrdrdrirk dri driririeiniedeoiek dokotoiedeiolo dd kk dedok doko dood dob kr
Handsome TABLES
Beautiful LANES
TABLE LAMPS, B lection. Many of of them $ 1 $1.25 ples fine and English dean. a Week Lovely all-silk sh
Beautifully designed,
FLOOR LAMPS. hand rubbed walnut
steel. tubing with
all-silk shades, 16"
PAY $1.25 A WEEK
24”
9%
roomy chest.
4-PIECE FULL SIZE
QUALITY BEDROOM SUITE
A smart, modern, bedroom suite that’s an outstanding buy. Includes “full double size bed, big mirrored vanity and bench, and Beautifully de-
signed in matched walnut veneers,
TAKE UP TO A YEAR TO PAY
hoe
»
ny
to
EASY TERMS PAY $1.25 WEEK
H a n dsomé walnut chair
$1.95
Waterfall Walnut
DESK
Has drawers on both sides and one in the middle. Handsome metal pulls.
$39%
match,
70180 Part Wool Plaid BLANKET S
DOLLS ® WALKING
FRIDAY
EE a
82d & Lafa;
ER, EERIE as Se
mn
Simm
y — —- Jd sn fe = ’ pt H - . hr or - — om - —- a - s- - - —- Lo -— Z | = g =
for
DUCKS and DOGS, “MAGIC SLATES;
CHAIR & TABLE SETS and Many Other Items
Layaway Now!