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The Indianapolis Star from Indianapolis, Indiana • Page 2

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Indianapolis, Indiana
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2
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2 THE IXDIAXAPOLIS SUNDAY STAR', OCTOBER 29, 1933 Steel Warned by U. S. Turn to Pages 31, 32, 33 and 31, Society Section, for other Thrilling yews. ft LEGION CHAIRMAN. GERMAN LEAGU REDUCE PRICES PROBE IS OPENED OR OPEN BOOKS MAKING New York to Look Into Activities With Idea of Dissolving Corporation.

Lower Rail Rate to $35, Eastman Says Charges Collusion. 7 1 NEW YORK, Oct. 28. A state investigation into the League of the Friends of New Germany was HIS TORY! started today as United State Attor ney George Z. Medalie hastened preparations for a grand jury Inquiry into activities of Heinz Spanknoebel, a reputed Nasi Attorney General John J.

Bennett WASHINGTON, Oct. 28. (-T) In a brusque ultimatum to America's steel industry to lower its rail prices to $35 a ton or open its books on costs, the administration moved today to protect a segment of its recovery program, the creation jobs for idle railway workers. Through Josrph B. Eastman, tho Federal railroad co-ordinator, the steel companies were notified that no governmental loans would be made the carriers to buy rails without full examination of their heretofore closed ledgers unless quotations were reduced.

"Evidencn of Collusion." Eastman said in his demand that letters from the steel makers fixing uniform price of $37.75 a gross ton at the mills "bear unmistakable evidence of prior consultation and collusion and absence of competition," and left the next move up to the steel interest. Officials who were instrumental in bringing about conferences with steel spokesmen that led to the bidding, kept a close watch on develop TAKE OUR WORD FOR IT! Clothing Prices are Going Higher! We've Said It Before, and We Say It Again: "Such Clothing Values Will Soon Be But a Memory" CHARLES MASTON. Appointment of Charles Maston of Connersville, as department membership chairman of the Indiana American Legion for 1931, was announced yesterday by V. M. Armstrong of Indianapolis, state commander.

Mr. Maston said that the membership quota for tho year will be in accordance with action taken at a recent meeting of the state executive committee. This year district membership quotas will be based upon population with certain corrections for cities of more than 25,000. Mr. Maston was born In Knoxville.

attended the University of Tennessee, served as membership chairman of the Greensburg post Jr. instructed James S. Regan, head of his office's corporation bureau, to determine whether the league has been exceeding its corporate powers. "If the investigation show that the corporation has been doing things it Is not authorized by the certificate of incorporation to do," said Bennett, "proceedings will be instiuted in the Supreme court to dissolve the corporation." Reputed Agent Sought. Meanwhile, search continued for Spanknoebel, for whom a warrant was issued yesterday on a charge of falsely representing himself to be a German diplomatic agent.

He disappeared Wednesday about the time Mayor John P. O'Brien refused to permit united German societies to hold a rally Sunday in a National Guard armory. lour years, was district athletic offi ments, explaining that the outcome would affect a primary point in the cor one year and district commander two years. His district was the only work-spreading campaign. Federal financing of rail purchases Brand New All -Wool SUITS, TOPCOATS AND OVERCOATS one in mo sraie in wnicn every post went over the top in membership during his year.

He served one year as southern vice commander of tho Indiana Legion. As membership chairman, he succeeds Clarence A. Jackson of About twenty subpenas for prospective witnesses before the grand jury were sworn out at Medalie's office and placed in the hands of United States Marshal Raymond J. Mulligan for service. The inquiry into the League of the Friends of New Germany was begun after a complaint was received from by the carriers was advanced as a method of increasing activity in the so-called capital industries and calling back to tho job thousands maintenance employes laid off by the railroads, as well as helping the steel business.

$20 In Some Estimates. Just what it cost to produce a ton of rails appeared an unanswered question in governmental Some estimates were as low as $-'0. One steel expert declining to permit use of his name, said that if gome, costs such as capital investment and return, depreciation on the plants and the line were not taken into consideration, "a very small profit" could be shown at $35 a ton. Prior to the initial overtures by the government in behalf of financing" the Julius Hochfclder, counsel for the Jewish war veterans of the United States. He charged Spanknoebel was organizer for the league which Hochfeider said has fourteen chapters in the United States.

In his complaint Hochfeider said NEXT OM DOCKET Think of it! Despite steadily advancing prices, Block's offers you fine all-wool clothing at this sensationally low price! There're hundreds of the smart blue and oxford overcoats and topcoats The suits come in new fall styles in new browns, new blues, new grays! $1 DEPOSIT will hold your selection! BLOCK'S Third Floor. ALL-WOOL For Men and Young Men Mew Levies Proposed in $500,000,000 Corn-Hog Control Plan. he could prove that the organizations "preach anti-Semitism and seek to overthrow this government." O'Brien Keplien to Charges. Mayor O'Brien issued a statement in reply to published comments of two German spokesmen who had charged his refusal to permit the meeting was "a Jewish conspiracy" and an instance of pre-election campaigning. "No man or set of men seeking to set up a state of terrorism can righten or coerce the mayor of New York," said O'Brien.

"There will be no gang rule while I am mayor. "I have directed the commissioner of police to see that order is nre- rail purchases, the companies' quotations ranged from $12 to a ton. The White House considered these too high and steel heads were asked by President Roosevelt to make an offer. 800,000 Tons Expected. If the bids had been acceptable there was the prospect that the railroads might buy 800,000 tons or worth within the next few-months.

Their production capacity was put at around 2,000,000 tons a month for all plants running full speed. Asked if differences over steel prices had arisen in connection with the government's $250,000,000 ship building program, navy officials said "no," one high officer adding: "Before our contracts were let, there was a thorough understanding the work would be no El Dorado for the steel industry and we had fis an aid the industry's knowledge that the whole nrnrram could be carried on WASHINGTON, Oct. 28. (-T) Compensatory processing taxes on rye and barley appeared likely tonight incident to the farm adjustment administration's attempt to get its 5500,000,000 corn-hog control program under way before snow flies in the corn belt. Secretary Wallace ordered his aids to study the question of taxing the two grains.

A hearing called for next Thursday to consider whether the processing tax on corn will put corn processors at a disadvantage with processors of other products also was served and if these people want to make this a political issue, I shall be glad to take the decision of the people." Fine All-Wool WORSTED SUITS, TOPCOATS AND OVERCOATS at government snipyaros arm uui uiuaurnuu i.o mciuue me processors forced in line if necessary." I of malt, rye and barley. REPEAL MAY ERASE 12-MILE-LIMIT PACT Search, Seizure Treaty Has Been Troublemaker Since i From Whisky to Food. The corn tax will be levied start- Follow Developments Closely. Recovery officials were following a developments closely because they i ing Nov. 5, at 2S cents a bushel.

It mi felt other sections of their general will be collected from plants produc Woolens woven of finest long staple yarns! The patterns are the newest and most distinctive obtainable Precision tailoring insures perfect fit! And what an assortment to choose from blues, browns, grays and novelties at a price we could not begin to duplicate today! $1 DEPOSIT will hold your selection! BLOCK'S-Third Floor. program might be affected. Leaders in the steel industry were expected by them to have an opportunity to talk over things with Mr. Roosevelt Monday, when they will meet with the Chief Executive to discuss the operation under the coal code of mines owned by them. Eastman, in making public letters from the steel companies and the administration's answer, said the government was ready to authorize loans to railroads from public works funds at $35 a ton without, having to go into company books.

He ALL-WOOL For Men and Young Men ing products from whisky to breakfast foods. The administration hopes to obtain from $60,000,000 to in two years. Inclusion of rye and barley as prospective objects of processing levies raised to more tliHn a score the number of. commodities which may be affected by the corn and hog processing taxes that will finance the control program. On Monday the administration will seek to determine at another hearing whether compensatory taxes shouid be.

levied on cattle, sheep, vegetables, oils, fish, poultry, eggs and similar products to offset any disadvantages to hog processors resulting from the LONDON, Oct. 28. (U.P.) Nullification of Britain's 1921 antismug-gling treaty with the United States involving the "twelve mile limit" theory, was predicted today by international observers, who expect such action immediately after repeal by the United States. The British government does not intend to denounce the treaty at once, although the United Press was informed that official abrogation may be expected within a year. The treaty recognizes America's right to search British vessels for alcoholic beverages while they are within "one hour's run" of the United States coast line.

In extreme cases the British ships were also "In view of the circumstances ot and the nasi history of steel prices w.v..at io Irnnivn nhniit them, he (the which also co-ordinator) is authorized by tho "og processing tax. President to say that the government 'mes effective Nov la unwilling to loan money to the Hart Schaffner Marx SUITS, TOPCOATS AND OVERCOATS Hog Ta $318,000,000. The hog tax will be at 50 cents a hundredweight at the outset, increased gradually to a maximum of $2 on Feb. 1. Meat packers who object to the program assert that tho tax will have the effect of retarding consumption of pork products.

It IB expected to raise $348,000,000. Besides rye and barley, Thursday's made subject to seizure. Arbitration was provided over claims for loss or damage "due to unreasonable or im- i proper exercise of rights under the treaty." Source of Trouble. The pact has been, during: nine years of enforcement, a source of constant international trouble involving delicate questions of laws regarding "chase of ships at sea" and railroads for the purchase of rails without some safeguard to the consumer and the public interest as a substitute for the competition which is absent. Examination of Rooks Proposed.

"Such a safeguard would be provided by an examination of the books and cost records of the steel companies by government, accountants. "If the steel companies will not make this concession ($35 a ton), the government will make the loans only if the steel companies refile the new-prices under the code, accompanied by a stipulation that, if the President, after government accountants have had full and free opportunity to examine the books and cost records, find that the prices should be hearing will go into the desirability of compensatory taxes on sugar. sirups, tapioca, sago, starches and other products not manufactured from corn which compete with products made from corn. Wallace also called a new hearing for Nov. 9, to consider compensatory taxes on products sold in competition with cotton, including rayon, silk, flax, wool and mohair.

if A Here's quality clothing the Hart Schaffner Marx label guarantees that Here's fall and winter clothing from America's foremost tailors at a price so sensationally low that no man can afford to pass by such an opportunity to save on clothing you can always trust! $1 DEPOSIT will hold your selection! BLOCK'S Third Floor. reduced to make Ihcm fair, then the reduced prices so named by him FORT WAYNE BANK shall be effective to the same oxten; ALL-WOOL For Men and Young Men and from the same date as if they had been originally filed." other actions deemed high-handed by Other nations. The reported intention of the Washington government to ban foreign imports of liquor or to impose prohibitive taxes on them has amazed many Europeans and angered some. Annnouncement of the program caused a tremendous drop in the value of stored drinkables. Countries Overstocked.

Italy is swamped with fruit which was to have been turned in its famous dry vintages. Spain is overstocked. France, hopeful of balancing; her next year's budget in part from the proceeds of her vineyards, i3 holding millions of bottles of still and bubbling vintages for American consumption. When prohibition came to America, TO OPEN TOMORROW '5 iMSSm Weather Summary Successor to First National Will Release 40 Per Cent of Frozen Assets. OCT.

28. Weather. Iiw. Tllch. Pre.

Amarillo Clear sn i Atlanta Clear 72 Boston Clourtv Buffalo rtciourtv in Chlraco Ptcimirtv 48 Cleveland Clnudv 11 Dallas Clear Denver clear 7R rmluth Cloudy VI Wi. Edmonton Clnudy 14 F.vansville Clear 44 Kansas City Clear 42 72 Los Angeles Clear i fifi FORT WAYNE, Oct. 28. land in the champagne district of i France, near Rheims, collapsed in value from $1 .000 an acre to about $S0. With American repeal just around the corner, champagne land has risen to half of its previous i i- Fort "Wayne's new bank, the Fort Wayne National, will open for ro business Monday morning, according Hart Schaffner Marx SUITS, TOPCOATS AND OVERCOATS value, or about $800 an acre.

Another collapse is seen unless the bars into are let down to toreign import the United States. to announcement tonight by Fred S. Hunting, president. Succeeding the old First National Bank and Trust Company, it will be the means of releasing immediately approximately $0,000,000 restricted funds of tho old-First bank. This figure represents 40 per cent of the 1 42 .04 Miami PtCloudy 74 S'l Minneapolis Clear 24 42 New Orleans Clear 62 M) New York Clear 46 r.4 Oklahoma City Clear f2 74 Omaha Clear 76 Pittsburgh Clear Portland, Ore Rain ftfi f8 Prince Albert Cloudy 18 at Qu' Appelle Cloudy 18 32 Rapid City Clear .10 70 6t.

Louis Clear 42 61 Salt Lake City Clear no 71 Ban Antonio Clear 60 S2 Ran Francisco Rain r4 64 Sault Ste. Marie Snow 16 H2 Spokane Rain 48 Tampa Clear 68 82 Toledo Cloudy 2S 42 Washington Cloudy 42 SB Winnipeg Snow 10 28 Yellowstone PtCloudy 38 54 trozen assets 01 the original institu- tion. The remaining 60 per cent of the I old-First, funds will be liquidated under Frank H. Cutshall, conser-! vator. 41 nan rmn ranifl it Mrs.

Ince's Suit Cites Hollywood Party Prank LOS ANGELES, Oct. novel form of entertainment at one of those Hollywood parties was described today in a separate maintenance suit by Ada Williams Ince, 20 years old, movie actress, against William T. Ince, 23, son of the late Thomas Ince, film producer. She charged him with intemperance and cruelty and said that one time at a fancy dress ball he became unconscious from use of intoxicants and other guests amused themselves by breaking chinaware on tho "shin guards" of his knigntly armor costume. She asked $750 a month allowance and to pay her lawyer, esti Note Amounts of precipitation of less than .01 Inch are not recorded.

Observations taken at 7 p. m. by United States Weather Bureau offices. Another great group Here are the newest versions of Hart Schaffner Marx patterns and colorings for fall and winter 1933-34 The woolens are luxuriously fine. Tailored as only Hart Schaffner Marx know how You'll save tremendously by choosing yours NOW! $1 DEPOSIT will hold your selection! BLOCKS Third Floor.

Sty Mt Capital structure of the new bank will be with the reconstruction finance corporation taking in preferred holdings. Depositors of the old-First bank and general puhKc subscribed the other half in conimon slock. Olli. ois of the new institution are Mr. Hunt in president; G.

Albert West, executive vice president; Frank shoalT, vice president; Frank J. Mills, cashier, and F. W. STEAMSHIP MOVEMENTS. AH RIVED AT IKO.Vt Britannic Gaiway New York DeGrasse New York Havre SAILED FKO.M FOU Conte dl Nov York For Men and Young Men Francisco Virginia New York mating her husband's income at New York Aires Western World.

Hitzeman, assistant cashier. $1,500 a mouth. New York Transylvania..

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