Negro Leaders See Hoover
[Hawkins], Williams And Simmons Speak for Race Republicans
Editors Vann and Young Among Negro Democratic Leaders
Communist Candidate and Socialists In Controversy
More Information About Bank Given
DEPOSITORS' COMMITTEE MAKES SECOND BANK STATEMENT Plan Is Commended By President Of Bensinger Outfitting Company Several days ago there appeared an article in the Louisville Times in which reference was made to the plan as "Liquidating with a Return Market." This expression in brief describes the plan of the Depositors' Committee of the Mutual Standard Bank, according to a leading member of the committee. Said he, "The meaning of this term is the disposing of an asset when its value returns enough to furnish the depositor edequate protection. To sell now means a tremendus sacrifice to the depositor. This was plainly demonstrated this week in the sale of the Kentucky Hotel Building, a two million dollar structure, which brought only $375,000.00 There are certain fixed assets to be liquidated that are practically valueless in a closed bank, such as the bank building, furniture and fixtures, etc. These represent about 20 per cent of the total deposits. Therefore, the depositor is asked to assign the 20 per cent of his deposit that is represented in the items mentiond and take stock for the same. This amount would represent a loss to the depositors if sold. Therefore the 20 per cent is not given away but represents ownership of the fixed assets that would be sacrificed. There are other assets including real estate which, if sold now, or during this depression would result in an additional loss to the depositors. There are large loans including church loans, corporation loans and mortgages on which every dollar will be collected if time is given, which must be longer than the period ordinarily taken in liquidation of a closed bank. The Depositor's Co-operative Plan would limit the expense so that not less than 85 per cent would be available for distribution. Each depositor is to receive a refunding certificate representing the balance due on his account. Every six months or leass, if the amount collected justifies, each depositor will (Continued on page 4)
COLORED MOTORCYCLE OFFICERS ON STREETS Colored patrolmen were seen making their beats on motorcycles this week. In a statement given a Leader reporter Col. George Ratcliffe, Chief of Police, said that every member of the colored batallion will use motorcyles just as soon as they are trained to operate them. The advantage in the use of motorcycles, says Col. Ratcliffe, is that they are provided with receivers through which the officers can get information broadcasted from police headquarters, and in better traffic service and quicker arrests. The officers already using motorcycles are Taylor Redd, C. Parker, J. Brown and O. Johnson.
White And Colored On Norman Thomas Committee According to P. R. Purham, state secretary, arrangements are being made by Socialists of Louisville to hold a meeting next Thursday night, October 13, at 7:30 p. m. in the Pythian Temple to interest the colored people of the city in the appearance here on October 19 of Norman Thomas, Socialist candidate for President. Prominent persons in social and business circles are sponsoring the meeting at which speakers from both races will explain the Socialist program and the fight Mr. Thomas has made for years in the interest of the Negro race. In his statement to the Leader Mr. Purham says that scores of invitations are being sent out and many personal contacts made, but as it is manifestly impossible to reach everyone who may be interested in that way, this is being printed as a general invitation to all. A musical program is being arranged and admission free.
COLORED REPUBLICAN HEADQUARTERS OPENED Colored Republican headquarters for the Third District comprising Louisville and Jefferson County were opened in the Berry Building, 900 W. Walnut Street. It is said that J. H. Scales and R. T. Berry are in charge of its operation. Mr. Scales is a local white Republican leader and Mr. Berry is a colored leader and editor of the Kentucky Reporter. Among the first jobs of the leaders is the lining up of the several local colored Republican clubs for the big parade and rally at the Armory October 15 where 30,000 are expected to hear Arthur M. Hyde, Secretary of Agriculture.
FORD, VICE PRESIDENTIAL CANDIDATE, TO SPEAK HERE James W. Ford, the Communist Party colored candidate for vice president of the United States, will speak in Louisville October 24. According to C. A. Hathaway, campaign manager of the Communist Party who spoke to a good crowd at the Pythian Theater last Monday night, Ford is a forceful speaker and a high class gentleman. A large crowd is expected to hear him.
OPTOMETRIST [Photo] DR. S. P. BROWN Dr. Brown announces the opening of his office in the Standard Bank building, Sixth and Walnut Sts. He has one of the newest and most completely equipped offices in his profession, and is capable of giving a thorough and complete scientific examination of the eyes. Dr. Brown is a graduate of the Northern Illinois College of Optometry in Chicago, and also attended Lincoln University in Pennsylvania. He is the only registered Negro optometrist in the state of Kentucky, the only race practitioner in the South. Dr. Brown brings to Louisville the best. The public's inspection is invited. Dr. Brown is a young man and comes from Frankfort, Ky., where he is well known.
Democratic Candidate Repudiates Anti-Negro Doggerel
National Association Opposes White Dictator For Liberia
Stimson In Defense Of State Department
Statement is Challenged By Former Educational Expert
Colored Organizer of Unemployed Is Beaten And Kidnapped
Murphy and Porter Arrest Indianapolis Murderer James Gaddie, wanted in Indianapolis for murder and fugitive from justice, was arrested by colored detectives James Murphy and William Porter at 2117 Cedar Street Wednesday evening. Gaddie is alleged to have murdered Clarence Foster and shot his wife. It is said that a relationship between Gaddie's wife and Foster was the cause of the shooting. Gaddie is in the Jefferson County Jail awaiting the arrival of Indianapolis officers.
Prof. Warner Lawson, instructor of music at Fisk University, was the pleasant guest of Prof. and Mrs. D. L. Lawson last week.
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