davidaulloa/AmericanStories huggingface dataset:
Evening star., 1935-04-14
Garha nf Thunka.

CLAGETT. BERTHE z. We wish to ex-
press our sincere thanks and gratitude
to relatives and friends for their many
expressions OF sympathy and beautiful
floral tributes during our sad bereave-
ment at the death OF our devoted
mother. BERTHE Z. CLAGETT.
FAMILY
MEREDITH, LOUIS y. The family of the
late LOUIS r. MEREDITH wish to ex-
press sincere thanks and appreciation
to his relatives and many friends and
co-workers of the Government Printing
Once during his long illness and for
their kind thoughts sympathy expressed
and lovely floral tributes received at his
death THE FAMILY.
SIMPSON. DONALD EDWARD. Mr.. and
Mrs. Joseph E. Simpson 1f 1909 Car
rollburg place S.w.. wish TO thank the
many friends and relatives who were
so kind during the illness and death oi
their son. DONALD EDWARD SIMP-
SON and for the beautiful floral trio
utes. THE FAMILY.
WILLIAMS. ALICIA EDITH. The family
of the late ALICIA EDITH WILLIAMS
wishes to express sincere thanks and
appreciation to our relatives and many
friends for their kind thoughts SYM
pathy expressed and lovely floral trib,
utes received at the death Of our loved
ore. - -
GERTRUDE FOUNTROY. NETTIE CIS-
Sci. CLAUDIUS S. RAMSEY.
Evening star., 1935-04-14

terra Gotta by Mrs. Edward T. Don
nelly of Atlanta, widow of an Army
general, have been placed with the
Herbert Ward collection of Congo
heads in the National Museum in
Washington. They represent the
American Negro of slavery days.
The heads are of a man and a
woman. both old servants of Mrs.
Donnelly's family.
Long In Family.
The woman, Cassie, was 80 when
her bust was modelled. For 80 years
she had served as the family laun-
dress. Her face was made to show
the pathos and resignation of slave
race. The man, Nance, served the
family in various capacities.
His face, as modelled by Mrs. Don
nelly, shows more of defiance and
the pride of an African prince.
Mrs. Donnelly began to model more
or less by chance as a result of
playing" with clay. Friends got her
to take up the study. She worked
in Atlanta with Stefan Thomas and
later, when she went TO Rome Tor a
Winter visit, she sought instruction
with Thomas H. Jones. director OF
sculpture at the American academy.
He looked at photographs of her
work and accepted her. She worked
under him in Connecticut on her re-
turn to America and for several
months last Fall studied with the
English sculptor, Gilbert Bayes.
Mrs. Donnelly, of Irish descent, has
sought to avoid public notice, working
with clay and terra Gotta largely
for her own satisfaction. She has
several pieces in the High Museum
in Atlanta. one of a blind ex-Slave,
She also has modelled a number
of notable female figures, animal fig
ures and low reliefs.
She insists she is only beginner
and q student.
Evening star., 1935-04-14
BUFFALO BILLS KIN,
SHOW MANAGER, DIES
Louis E. Decker, Brother-in-Law
of Famous Western Figure,
Heart Victim.

By the Associated Press.
DENVER, April 13.-Death has
closed the career of Louis E. Decker,
II. brother -in-law of Buffalo Bill
and for two decades manager Of
Cody's Famous Wild West Show.
Decker died at the home of friend
here, Friday, after three years illness
of heart disease.
A distant cousin of the famous Col.
william E. Cody, he married Mrs.
Mary Cody Bradford. widowed sister
of the colonel, in 1906 They moved
to Denver in 1918 and it was at their
home that Col. Cody died in 1917.
Decker was born in New York
State, but came west as q young man.
Evening star., 1935-04-14
THE WEATHER

District of Columbia-Fsir and
somewhat warmer today and to-
morrow; moderate northerly winds
shifting to southerly tonight or
tomorrow.
Maryland and Virginia-Fair and
somewhat warmer today and to-
morrow.
West Virginia-Fair and not 50
cold today; tomorrow partly cloudy.
probably rain in west and somewhat
warmer In extreme east portion.
Evening star., 1935-04-14
Durable Colonial Plaster.

Many Of the old blue walls found in
early Colonial houses-now reproduced
with paint-were made by mixing blue
clay with skinned milk. This combi-
nation formed a tenacious plaster,
which proved very durable.
Evening star., 1935-04-14
SCULPTURE HONOR
WON At SEVENTY
Georgia Woman's Heads of
Negroes Placed in Ma
tionaI Museum.

By the Associated Press.
ATLANTA. Ga, April ia woman
of 10. who began to study modelling
three years ago has received recogni-
tiu from the Smithsonian Institu-
ton
Two heads of Negroes. done in
Evening star., 1935-04-14
CEMETERY LOTS.

teTy. section lot Iss. For Information.
call Columbia sl4e7r at cemetery.
Evening star., 1935-04-14
TAYLOR, FREDERICK AND RANDALL.

ouddenIy. on Ihursday. AprlI II. I!:i5.
al 1:i., Columbia I'd NV. FREDERICK
and RANDALL TAYLOR. beloved sons
Of Walter and Frances Taylor. brothers
of Gwendolyn. Gerald and Gene;
nephews of Sydney and Viola Hudson.
Funerals from Wesley Washinston's fu-
neral chapel. 2053 Georgia ave. NV,
Monday. April Is at " o'clock Rela-
tives and friends invited. Interment
Payne's Cemetery
Evening star., 1935-04-14
MARGARET AUDLEY. On

Thursday April II. 1855. at her resi-
GARET AUDLEY. beloved wife Of tbe
late Michael J Whelan and devoted
mother of Agnes W!?elan McLaughlin and
Marjorie Whelan and grandmother OF
Marjorie Audley McLauehlin Funeral
from the above residence on MONDAY.
April - at 9:3O am: thence 10 S.
AIMS Church. where requiem mass will
be offered al 10 am Relatives and
frienos invited. Jnterment Mount Olivet
Cemetery The omission OF flowers is
kindly
Evening star., 1935-04-14
FOUND.

IT,, NV,
YOUNG DOG FOUND!
Phone District 433s:
LOST.
Lost and round advertisements
for the daily Star Uil be accepted
Mondays to Fridays, inclusipe, up
to noon day OF issue. Saturdays
and legal holidays up to 10 am.
day OF issue. For the Sunday Star
up to II pm. Saturday.
CAMEO PIN. black. wednesday evening on
owner eWner ReWard Phone North saoe "
\: f Il ave- sSd nd n M NV: Sunday sT pm. 1n' phen:
District 1884. Reward. IA
DRESS; navy blue: in box, lost Saturday
merans msTd Phone 6n Ma Adams
h sstt SETTER b1 GasEa mses a3S from sh ais
pm. Reward Phone wisconsin 3161.
FOX TERRIER. wire-haired. male. black
e!.aasi. chester ians; aLS; Reward. E. B. Johnson
GLASSES shell-rimmed., in brown case. in
iS1a srockett. aaAy woodbridse. % Va reward d ~
Nd So reward. Write Miss Moody. 1880
Harvard ST. NV, Washington. D. c.
LEATHER CASE with keys with metal
blank bearing name Robert Herson Auto
EXCHANGE" North $3.50.
POCKETBOOK. black, containing D. c.
and Nd. drivers permit also some money.
Return to Ordell Proctor. 900 3rd st. Sc.
POCKETBOOK. dark blue, large. at Kann's
store; sum Of money. keys. glasses. papers.
Liberal reward If returned to gil Con-
PURSE. brown leather containing money.
keys, card case. fountain PEN left In taxi
cab Liberal reward. Decatur 4O53-W.
PURSE. containing glasses. money. ETC..
on 7th st. wharves car or between car stop
and Hecht's Friday Reward. Phone Po-
RINO-Gold seal ring, lapis lazuli stone
ibluel. Friday. Reward. Return to lost
and found dept. Maydower Hotel
SMALL SUM OF MONEY. found April /;
owner describe. Address Box 2S4-R. Star
SUEDE JACKET. left on bench at 18th ST.
and Reservoir. Call Columbia 1881. or
1Ol7 webster NV.
WRIST WATCH. lady's. white gold. Wal
than 2 diamonds on case. black shoe
string band lost Friday evening. Reward.
Lincoln 1885.
WRIST WATCH-Elgin; between Press
Club Bldg. or r between 18th and 14th
sts. Reward. west IsOs-W.
WRIST WATcH-white gold. metal brace,
. It. NE Lincoln 22oe. q
Evening star., 1935-04-14

THOMAS. ERNEST. DeDarted This He
Thursday. April ii 1885, at Blue Plains.
D G, ERNEST THOMAS. devoted hus-
band Of Blanche Thomas; He also
daughter. Gladys Thomas; a Sister-in-
law Mrs. Elizabeth Bailey. and a host
OF other relatives and friends Funers |
Sunday. April IA at 80 pm. from
the John T. Rhines funeral chapel 3rd
and Eye Sts, s.w. Interment Harmony
Cemetery Il
Evening star., 1935-04-14
..,nwrS FRANCES T. rBEssIE,. On

Saturday. April Is. 1885. FRANCES z.
1BESSTEi BALDWIN NEE Norfolk. be
loved wife of Andrew P. Baldwin. she
Is also survived by three sons, Norman
A.. Alvin z. and Frank r. Baldwin. Fu-
neral from the chapel of Thomas F.
Murray & Son. 2o07 Nichols ave SIS
on Tuesday. April 16. at pm. Rela-
tives and friends invited. lnterment
Cedar Hill Cemetery. 10
Evening star., 1935-04-14
WARD. MARIE ANToINETTE.

day. April T.. 1885 at her residence
35:6 Hobson St. Brentwood. Nd.
MARIE ANTOINETTE WARD (nee Bau-
MANN. beloved widow of John F. Ward
and beloved mother of Mrs Catherine
D. Coughlin. Miss Marearet A. Ward,
Mary Isabelle Ward Edith Elizabeth
Ward and John Homer Ward Funeral
from the W. W. Chambers Co. Southeast
funeral home. ST. l1th st. Sc. on Mon
day. April Is. at . pm Relatives and
friends are invited. Interment Prospect
Evening star., 1935-04-14
HELEN OhANDLEn LouhI'IOi
MARY p. JAMES. Recording Secty.

ATKINS. JAMES. Departed this life Fri
day. April Il: Ig55' at Blue Plans. Plans Di
Mrs Susie DodSon and Henry r. Atkins
and brother of Mrs. -Adeline Brown
Mrs. Eleanor Dodson, John Natnaniei;
RESTING at John T. Rhines funeral
home 3rd and Eye Sts. s.w. Notice OF
funeral later
Evening star., 1935-04-14

on Friday. April IT, 1855. al am.
SIMON BUTLER of 63s o St NV.
the beloved husband of Julia 3. Butler.
He leaves to mourn their loss two sons.
James B. and George B. Butler; two
daughters Adeline Ruth and Bessie N.
Butler Remains resting at Ruth Dab
neys funeral home 453 o st, NV. Fu-
neral services MONDAY. April Is. a. l
pm at above funeral home. Rev.
bullock oficiatine Interment Wood
lawn Cemetery. Relatives and frienos
invited Ia
Evening star., 1935-04-14

ANDERSON, GEORGIANA. On Friday,
32nd st. Sc. GEORGIANA ANDERSON;
beloved daughter of Charles T. and
Nettia Anderson tnee Moorel. Fu-
neral from the above residence on. Mon
day. April Is. at :, pm. Services at St.
Matthews Lutheran Church. l5th 81.
and Kentucky ave. Sc. at 2tO pm.
Relatives and friends invited. Interment
Cedar Hill Cemetery. ii
ANDERSON, GEORGIANA. Members Of
Anacostia Council. No. IA. Daughters OF
America. are requested 70 attend me
funeral of our late sister. GEORClANA
ANDERSON on Monday. April Is. 1898.
at 2:3O pm. Daughters OF America
services at the grave.
HELEN CHANDLER Councillor;
Evening star., 1935-04-14

sUMAN. CLARA L. On Saturday April
13, 1895. at the residence OF her dauRh-
ter. Mrs A. j. Thomas Branchville
Md. CLARA L.. beloved wife of the late
James L. Suman. Funeral from the res
ioence OF her daughter on Monday
April Is. at pm. Relatives and
friends invited. Interment Congres-
SicDaI repntorv
Evening star., 1935-04-14
WILLETT. MARY ELLEN. On saturd

an1II e Inh ILLhN. a. = OF Ss.uEqsy
MARY ELLEN. wife OF the late Lemuei
Willett and beloved mother OF Del
jamie and Lollie Wllett Funeral from
the W. W. Chambers Co Southeast fu-
neral home. 81 l1th St Sc. on Mon
day, April Is. at II m. Relatives
Crne ,-cI. ~
Evening star., 1935-04-14

WRIST WATCH-Whits gold, metal brace; race;
. 1t. ne Lincoln 2206. 81
Evening star., 1935-04-14

Thursday. April IL 1875 al GallinGer
Hospital. MILDRED HARRIS. She
leaves to mourn their loss daughter,
Shirley Harris; sister. Juanita Harris.
an aunt cousin and host OF other
relatives and frlenos Remains resting
at Eugene Forc's funeral hcme 300
South Capitol ST.. until pm. SUNDAY;
April IA: then al her late residence los
NJ ST. sw. where funeral services VIII
be held on Monday April ID. at / PM.
Rev w. Westry ofhCiatlng- 1nterment
RoSemonJ Cemetery.
Evening star., 1935-04-14

IL Iv:t5 Al her residence. 304 iith st. |
s.w. in her 64th year. MARY M. CAR
ROLL beloved wife Of the late George
W. Carroll and mother OF Mrs. Mary
Gibson William r. George A. Fred
erick A Thomas l.. and virsInia Car
roll Funeral from the above residence
on Monday April l5. at :, pm. Rela-
tiveS and friends are invited. Inter
mani GlrnWnnd Cametary. u
Evening star., 1935-04-14

April II. I936, at Veterans Hospital.
Perryyllle. Md. WALTER RALPH
SPEAKE. beloved husband of Elizabeth
Speake and son of Walter Henson
Speake. He is also survived by two
sisters. Funeral from the w. w. Cham
bers Co. funeral home 1900 Chaplin st.
NV, on Monday. April Is. at 1":30
pm. Relatives and friends invited
1nterment Arlington National Cemetery
Evening star., 1935-04-14
RENNrTT lanes A. @

I3 1888. JAMES A. BENNETT. beloved
husband OF Ethel L. Bennett. Remains
resting at the w. w Chambers Co. tu-
neral home. 400 Chaplin 81. NV. No
tice of funeral later.
Evening star., 1935-04-14

~. 1855. al his residence: S9lI s..
NV in his 9Th year. WILLIAM X;
GOLLAN husband of Ada v Gollan ana
beloved father OF Mary E Couleha@n ~ AGA
GolIsn and William C. Goilsn who sur
yive him. Services at his late residence
at IL O'Clock Monday mOrnine. April -:
Intcrment Fort Lincoln Cemetery. I4-
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30
BRUNO WEEPS
AS WIFE BACKS
ALIBI ON STAND
Mate Was With Her Night
of Lindbergh Murder,
She TeStifieS.
Continued From Page onel

prosecution failed to break down in
any essential his own version of the
tangled maze of finances that
brought him from comparative pow
erty early in 1882. to a man of sub
stance IN 1884.
For four days the Bronx carpen-
ter beat back against one of the
most biting examinations in the
history Of American criminal trials.
Sometimes brought to raging out
bursts by the maddening questions
thrown at him by the fiery Mr.. Wi
lentz, he nevertheless had resisted
every attempt of the prosecutor to
condemn him out of his own mouth.
He had denied. with shouts every
inSinuatiOn Of the state that he was
associated either in the kidnapping,
the murder, or the Lindbergh ex-
tortion, and chung to his story that
IsoGcr Fisch left the ransom money
with him in a shoe boX-and that
he never knew he had it until
month before his arrest.
His GOODNESS under fire was re-
markable Although he came close
to the breaking point on more than
one occasion, and charged the At
torney General with lying to him,
he never lost the natural cunning
that enabled him to escape the
traps that were being set for him.
There we're times when he had
to have recourse to falling back on
the time-honored method of say
ing I can't recall, I don't remem-
Der. I don't know" But never once
did he let any overwhelmingly dam
aging admission pass his tight lips.
once in a while he would smile
that crooked smile of his when he
realized the obvious attempts OF Mr..
Wilentz to trip him up.
In the final moments of the Wig
orous drum-f1re sent against him.
he appeared to become even more
at ease in the witness chair than on
previous days, He sat back as
though he knew the end was in
sight, and he was pleased about it.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30
Paradox Is Explained

This paradox" the report points
out. results from the fact that re-
payment on loans are applied to the
purchase of investment certificates
rather than to the reduction of the
loan. Since interest is computed on
the original amount of the loan, the
effective rate on the amount actu-
ally at risk is approximately double
the original rate"
There is no law at present for the
supervision of loan and investment
companies by any state department,
the report pointed out.
Most borrowers from loan and in
veStment companies, the report
points out, probably feel that they
are getting funds at per cent in
terest. although the effective rate
IS at least 17.3 per cent.
As in other cases of co-maker
loans, the borrower gets no proper
tiOnate refund of interest for the
prepayment of his loan or any in
Stalment.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30

Chief Nike MOrrissey and the
Indiana Railroad System today
moved to correct a 35-year-Old
traffic hazard at 63rd-st and Col
lege-av where College-av joys de-
ceptively 20 the left across
bridge. Following College-av di-
rectly northward the mOtorist
would find himself on an inter-
urban trolley bridge owned by the
Indiana Railroad System.
How easily motorist might be
deceived is illustrated in a long
view north on College-av upper.
The bridge for motor traffic is in
conspicuously to the left.
At the intersection itself dow
err. warning signs, warning light
and two automatic traffic signals
confuse motorists. The bridges of
the Indiana Railroad System and
the city are side by side, the road
Jogging to the left while the in
terurban tracks go straight ahead.
Capt. Lewis Johnson Of the city
accident prevention bureau said
today that the city and the rail-
road we're considering construct
ing either a gate in front of the
traction bridge or. a series OF
warning lights. AS soon as it is
decided which method will be
used. the situation, which has ex-
listed since 1900, will be remedied.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30

terday by James w. Carr, secretary
of the James Whitcomb Riley Me-
mortal Association.
All officers of the association were
reelected. The are Hugh NICK
Landon, president; James w. Fesler,
vice president; Arthur V. Brown,
treasurer, and Mr.. Carr.
Directors are Mr.. Landon, Frank
G. Ball, Muncie; DR.. William Lowe
Bryan, Indiana University presi-
dent; Evans Woollen ST., Fletcher
Trust Co. board chairman; P. c..
Reilly, Republic Creosoting Co.
president, and Arthur R. Baxter,
Keyless Lock Co. president.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30

pipe line through Northern Indiana
and Michigan to Detroit, but con-
struction mas been delayed until in
dependent competition is elimi-
mated and high gas rate has been
established at the terminus and
along the route Of the proposed line.
"Cities directly affected by the
secret agreement are all those larger
communities within so miles Of a
line extending from about Rockville,
Ind, to Detroit, including South
Bend, Fl. Wayne, Logansport. Peru,
Wabash, huntington, Warsaw, Au-
burn. Kendallville and others.
If the Indiana Legislature is de-
termined 20 confine its natural gas
inquiry to negotiations affecting
Marion County and indianapolis,
then it might as well inform the
citizens of northern Indiana that it
has no concern over the threatened
invasion of its counties by the most
INSCRIPTIONS monopoly that has
ever stalked over the land"
Mr.. Smith charged that Columbia
has wrested control of the $780,
100000 Panhandle Eastern Pipe
Line Corp. from the Missouri
Kansas Pipe Line Co., an indie
pendent operator, while United
controls the Detroit City Gas Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30
BANDIT SUSPECT
HELD; WOUNDED
Arrested With Young Wife
at Home; Faces GriIIing
on Speedway Raid.

Ernest TAFT, 24-year-old wounded
bandit suspect, faces a severe grilling
by police today in connection with
the attempted burglary OF the
Speedway State Bank.
TAFT, who was arrested with his
wife, Doris TAFT, p, on raid on
their home al 839 S. Rybolt-av last
night, is believed by police to have
been one of three bandits who
escaped from a prematurely sprung
police trap at the Speedway bank
Friday night. One Of the thugs was
believed then to have been wounded
in the flight.
The suspect was lying on a couch
suffering from shotgun and rifle
bullet wounds. He told police he
had been shot by hijackers in St.
Louis.
In thorough search of the house
and grounds, police found what they
described as a complete set of
burglar tools, $50 in 50-cent pieces,
$3.50 in bills, road maps, folders Civ
ing descriptive matter of shotguns.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30

Retention of the present site at
DDS E. Michigan-st, purchase Of a
new site from the "a proposals Of
fered to the board. purchase Of
ground and erection Of a new home.
or lease Of another building loom as
alternates for the board in the
problem.
Opposition to purchase of any old
building is expressed by the County
Board of Charities and Corrections
in a report filed in Circuit Court by
James Marlowe, secretary.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30

Dow Vorhies, president of the
commissioners, recently named a
new committee to consider the de-
tention home setup. Commissioner
John Newhouse is president OF the
committee and the Rev. Lewis
Brown, former pastor of st. Paul's
Episcopal Church; j. Russell New
gent, Juvenile Court referee; Will
liam A. Brown, County Councilman;
Edward c. Boren, insurance and
bond salesman, and Mrs. Marie
Westfal, 1416 Carrollton-av, are
members. Commissioner Ernest
Marker also will serve.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30
CIVAN DENIES
WEISS CHARGE
AT Gas PROBE
Talk Was Misunderstood,
Insists Attorney for
Users Firm.
Continued From Page One)

although the franchise said gas
never was to sell for more than 60
cents a thousand cubic feet.
Still on the offensive, he charged
that Citizens had further violated
its franchise since it had not since
then had the city comptroller audit
its books yearly and publish the
results, as provided in the franchise.
Industries in indianapolis would
use between tWo-thirds and three
fourths more gas then they do now
if the rate were lower and the
quality better, said Mr.. Givan, eX-
planning that, IF you want to get a
choice picture of the Citizens
finances, read the order of the Pub
lie Service Commission Of 1881"
Inquiry Is Adjourned
He said he knew nothing of the
alleged division of the Middle West
into monopolistic sections by large
natural gas operators; that he be-
lieved the pipe line about six or
seven miles east of Indianapolis
was owned by a subsidiary of Co.
lumbia; and that he had frequently
talked with former State Senator
Perry Easton, Monroe County, about
the gas situation.
Mr.. Easton is known in the State
house as a lobbyist
The committee adjourned until
g tomorrow after getting Mr.
Givans promise to ask the nominal
incorporators of Users to appear for
questioning.
Meantime, the committee was eX-
horted from Columbus by John w.
Smith, president of the Detroit City
Council, to include in its inyesti-
cation all natural gas operations in
Indiana and not to stop with those
in Marion County.
Secret Agreement Charged
"The Columbia Gas and Electric
Corp. and the United Light and
Power Co." Mr.. Smith charged,
have entered into an agreement to
form a dummy company for the
purpose of building a natural gas
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30
Practice Held Illegal

This viii definitely establish the
legality Of small loans at a fair rate
of interest, VIII require costs to be
stated on a basis comparable to
other small loan agencies and will
result IN full saving of interest for
proponents" the report continues
Similar practices on the part of
small loan companies have been
made illegal through orders effec-
tive March /.
"One loan inspected by the small
loan examiners" the report declared,
shows total interest payments in
excess of $1,000 on a $500 loan. with
out any credit at all to the principal
amount"
Loan and investment companies
Industrial banks are operating in
Indiana at an effective rate of in
terest in excess Of that allowed by
law, yet the actual interest charged
Is not usuriOus, the Governor was
informed.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-01-30
BANKING BOARD
URGES CURB ON
LOAN SHARKS
UnregUIated Loan Agencies,
PaWnbrokerS Raped in
Report to MCNutt.
CONTINUED From Page Onel

loans Of commercial banks, the re-
port points out that II Indiana
banks made IOI47 small loans
amounting to s1,254,11O during the
last calendar year.
The usual plan followed by the
Indiana banks" the report says Of
small loans. lis to discount the note
at an annual rate Of from 6 to 8 per
cent, usually 8 per cent. The effec-
tive interest rate, however, based
upon the unpaid balance, ranges
from - TO 10 per cent. This results
from the fact that while the Dor
rover begins at once TO repay the
loan and continues to do so IN equal
weekly or monthly instruments, he
pays interest on the fun amount Of
the loan for the entire life of the
loan. In other words he pays in
terest on money which he has al
ready repaid. In addition the bor-
rover may be assessed a fine for
delinquency"
The department declared legisla-
ton is need to authorize banks and
trust companies TO make co-maker
loans Of $500 or less, and having not
more than one year to run, at a rate
not to exceed IL per cent per
month based on the unpaid balance.