Indianapolis Times, Indianapolis, Marion County, 11 December 1947 — Page 37
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‘THURSDAY, DEC. 11, 1047 THE INDIANAPOLIS TIMES a Loe Indiana U. Line Coach
wEccles Becomes To Lg dedi
C. A. Temerario, line coach of the
| : oe i : \ In Relentless Fight to [moma | chow swe
{of the Fifty-first Street Methodist ME WHAT TO GET
Curb Inflation Peril = SSin ar r= -|| marae
Motion pictures of the IndianaDownward Turn in Prices Overdue, He Asserts Purdue game will be shown. |
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Before March First
ii Board reports
Before Congress; Assails Tax Evaders
By EARL RICHERT, Scripps-Howard Staff Writer WASHINGTON, Dec. 11—Day after day here, a slight, graying ' millionaire banker who influenced much of the economic thinking of | the Roosevelt administration propounds before Congress his ideas for % combating inflation. ; Marriner S. Eccles talks tough. He says we already are in the { advanced stages of inflation, that a downward turn in prices is overi% due and that the longer it is de-| {layed the more severe will be the ‘Estate Boards says’ would slow results, Mr. Eccles makes it clear apartment and home building. {that as Federal _ rs It is Mr. Eccles’ request for authority to reduce the amount of | chairman he is money banks are able to lend that appearing as an # 3 has aroused U. S. bankers almost en agent of Con- § : . | masse. > gress and not of : | They say credit expansion can be the administra- § . [curbed by letting interest rates go tion. pT % up but Mv. Eccles says that method The Reserve HE 8 would make the government, and thus the taxpayers, pay more to carry the public debt. | As a practical matter, Mr. Eccles Lj | the President doubts that we can go back to the { makes the ap- Mr. Richert oh 0te harness of wartime con- | pointments. His program is a far trols. cry from early '3Cs when he urged heavy government spending. Now he says the government has got to exercise ‘rigid economy B&O as to produce the largest possible treasury surplus to be used to re- | tire. bank-held government debt land thus reduce the money sup-
| |
Reserve Board
directly to Con- §| gress, although
{ ply. It is obvious there are no vote- o OUR |getting considerations in his pro-| <& A. gram because it steps on too many; | toes, He walks where Republican and Democratic politicians alike (ear to} tread when he says the farm-price-support program should be elimina-. led unless. price ceilings are reim-, i posed. Organized labor, he says, should. susrend demands for wage af | creases’ and business should hold | prices down or reduce them. Hits Tax Evaders He says Congress should give the {Internal Revenue Bureau more | money to chase tax evaders and that {there should be no cut in meome, | taxes. He also wants stricter appraisals and less liberal credit terms for homes built under government financing programs—a policy which | the National Association of Real
Houses on Wheels Go on Exhibit Here
Houses on wheels will be on ex-| hibit tomorrow through Monday | when the first trailer show in Indianapolis is held on the sales lot of Floyd Jones Trailer Sales Co, 3102 Madison Ave. Trailer manufacturers will have their latest 1948 models on display. Manufacturers said the trailers range from 12 to 35 feet in length, and are priced from $1295 to $7500. A breakfast for salesmen, manufacturers and their wives will be held at 8:30 a. m. Monday in the Severin Hotel.
Association to Elect
The Past Matrons and Past Pa-| itrons Association of Marion County | will hold its annual Christmas party and election of officers tonight in Indianapolis Masonic Temple, 1522! W. Morris St. A carry-in dinner will be held at 6:30 p. m. It will be followed by a business meeting at’ 8 p. m. |
— AG ; N y ® Repay your home purchase contract with one of our fs low-cost mortgage loans, and get these advantages: : % Immediate title to your home hoes +% Tax-savings through mortgage exemption ——— + Greater protection of your equity RI haw vr Reduced monthly payments b + Currently. low interest rate ¢ ¥% Liberal prepayment privilege tain i i wi = 3 + No commission to be paid —— Arrange for a loan NOW —to allow ample time to comsures plete the loan and record the Said before the tax date, n y March 1; otherwise a year of tax-savings will be lost. E Inquire at Any Office active ” [etcher Trust rol Fletcher Tru —— :
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sia | c Northwest Corner Pannsylvania and Marke! Streets rr INDIANAPOLIS, INDIANA a1 12 CITY-WIDE BRANCHES 706 B. Sixty-third St. 1125 S, Meridian St. 500 E. Washington St. 49 3001 N. Illinois St. 2122 E. Tenth Street 474 W. Washington St. 890 . 1841 N. Illinois St. $501 E.-Washington St. 2600 W. Michigan St. 43¢ 1. 1533 Roosevelt Ave. 2506 E. Washington St. 1233 Oliver Ave. d 3 Be . Capital and Surplus $4, 000, 000 oh Te MEMBER FEDERAL AESEAVE SYSTEM . Memare FeoEmAL DEPOSIT INSURANCE CORPORAY! ow
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Only 800,000 of the 6 million
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