Indianapolis Times, Indianapolis, Marion County, 15 March 1951 — Page 31

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ng Finger— Government Agencies Held Top Cause of Inflation

: % chinery and other equipment. Lending cies : | The stuff had to be diverted/at 2 p. m. Sunday in the lobby year-old Wayne County never had I’ and Tax Poli of U. S. | Believed Doomed on into the rearmament maw, Com-of the Civic Theater, 1847 N, a! seal. Ue Cg Scored By Federal Reserve Board Latin America Grab munist spokesmen asserted. They| Ajabama St. fre Hoa ent)

By LYLE C. WILSON, United Press Staff Correspondent

WASHINGTON, Mar. 15 (UP)—Inflation now has pounded the __A strenuous effort by Soviet { said the auditions will be open United States dollar down to where it will just about buy a 50-cent y Hme industria) expansion, and

The trend is continuing.

The Federal Reserve Board has just put an accusing finger on|belief of officials here. some of the guilty parties. They were:

ONE: Inflationary lending by!

HINSDAY. MAR.“15, 1951

ms — THE INDIANAPOLIS TIMES oe , Al so | Economic and Social Council at| Auditions for Comedy BLOW TO PLANS Santiago, Ch le. | i } Soviet Bloc Faces Neither ia United States nor Will Be Held Sunday

DETROIT (UP)~—Plans for the ate projected $15,000,000 city-county| Western" Europe, the unigts “ building called for a huge marble ¢ ? lclaimed, could continue supplying ig foi Light Up thel held bearing the official seals of| or Id p Latin America's needs for ma->*Y: e Moss Hart comedy yon governments. Now county of-| about show business, will be held/ficers have discovered that 133-

hl PAGE 31

M BETTER LAXATIVE

said their own countries were { WASHINGTON, Mar, 15 (CDN) going merrily along with peace- Jack L. Hatfield, civic director,

FALSE TEETH

| That Loosen The plain fact, according to|TRY TO GET IT At the same time, these officials Officials here, is that the Com-| CHICAGO (UP)—The driver al- Need Not Embarrass

e No laxative te tastes better... ® No laxative acts more gently... e No laxative is more effective... e America’s biggest seller-12¢ & 30¢

bloc countries to woo Latin Amer-|suggested an interest in two-way|to the public. fean trade is-foredoomed, in the trade.

federal agencies.

t slip TWO: Unnecessary federal |from trees grown in Ohio arelover United States price control Copyright, 1981, for The Indianapolis Times the Chicago Motor Club says. The| the wrong time. Bok Toetied far of |

state and local government /being distributed for planting in/and rearmament demands. a ——————————— the hope of restoring to the] The Communist bloc sought to| THE District of Columbia and only when he’s crossing an inter- powder, on your plates Holds false teeth

spending.

THREE: The wage price spiral United States its former chestnut/drum up a little business at a 27 states have formal programs section on the proper signal, the Boeg-not sour. Checks * growing out of inflationary lend-|tree industry.

~ing and unnecessary spending. There is one more inflationary devil. It is the refusal of President Truman and Congress to get together on a federal spending budget and a federal taxing plan which will get the government out of the read.

Governments Blamed Federal, state and local govern-

- ments are plainly responsible for

the most serious inflation factors. No one here disputes that and neither does anyone do much about it, although there is a lot of talk, Not only is the taxpayer's dollar less valuable in exchange for what he must buy, but his federal; state and-local governments continue to jack up his taxes. Governments, local and national, are mighty free with other | people’s money. General Motors Corp. recently circulated a pam-

...phlet op its 1950 operations In

support of that statement. Profits Lag Sales : GM made two points which are not easily refuted. The first was that skying sales are not proportionately represented in rising profits. The other was that the tax drain on corporate profits has multiplied enormously in comparison with other basic charges. The tax collector is doing much better than the working man. In 1850 GM had profits 2.5 times greater than in 1036; its payments to suppliers of materials and equipment were 3. 7| times greater; its payments to| employes were four times greater. But in 1950, as compared with! 1936, GM taxes had increased 17, fold.

YOU ARE UP TO YOUR NECK IN BARGAINS when you shop The Times Classified ads! ‘Real estate, used cars, furniture, | home appliances, swaps, tools, animals, clothing and many other | I i — {

oi (re. SEND Them OFTEN!

2 Allied Florists of Indianapolis, Inc. |

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Ros Eihy To it St e in ousn above a "Exceedingly Nourishing.

| | | BEFORE 6 P. M.— ! Eats rs 90 ’ |

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admit a growing discontent and|Munist countries have little or y,yy has right-of-way over the] many wearers of false teeth have suf-

SEEDS OF ASIATIO chestnuts/uneasiness south of the border sae ID artes pedestrian between intersections, f¢red Joa) embarrassment because thelr|

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SALE WAREUANCE

LL PRESENT WAREHOUSE STOCK EVERYTHING Already IN OUR STORE WEEE ENCE DRS ALL UNCALLED-FOR LAYAWAYS

(ETT With Jel torv-Fixed Pri f Ss F velude { )

DON'T WAIT! DON'T DELAY!

Snap Up Bargains Galore . . . While We Clean House to Avoid a Costly Warehouse Moving Job!

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THOUSANDS OF FINE HOME FURNISHINGS TO CHOOSE FROM

Yes Sir! PEOPLES is packed to the rafters with Super Values! You don’t have to hunt and pick in this sale to find a bargain. We've slashed prices on just about everything. Here's why! We've acquired a grand new Warehouse—but our old Warehouse is bursting with merchandise. By drastically reducing all prices we'll save thousands of dollars in moving expense « «+ @ saving we're passing directly on to you! Just take a look at a few of the exciting items included!

ROOM-SIZE RUGS LOUNGE CHAIRS BEDROOM SUITES APPLIANCES WARDROBES LIVING ROOM SUITES INNERSPRING MATTRESSES TABLE LAMPS CARPETING UTILITY CABINETS CHROME DINETTES KNEEHOLE DESKS BED OUTFITS DINING ROOM SUITES CURTAINS and DRAPES SOFA BEDS OCCASIONAL TABLES PULL-UP CHAIRS SLIPCOVERS KITCHEN CABINETS

$1 DOWN DELIVERS ITEMS UNDER $50 — PEOPLES TERMS ARE EASY!

Don’t pass up wonderful bargains because of lack of ready cash! Use PEOPLES LIBERAL TERMS . . . at PEOPLES you .pay at the rate of only a few cents a day—the CENTS-IBLE* WAY! Small weekly or monthlj*payments are conveniently arranged to fit your requirements. It's the easy way to buy without wrecking your budget.

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= Peoples Outfitting Co. =

"STORE HOURS: MONDAY, 9:30 A. M. TO 9 P. M. SPUBSDAY. THRU SATURDAY: 9:30 A. M. TO 5 P. M.

*Registered, 1850. by Peoples Outfitting. Co.. In *Copryright. 1950. by Peoples Qutiting Co.. ae.

WASHINGTON AT CAPITOL