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WATSON REVEALS WALB WILL QUIT POST NEXT WEEK Senator to Return to Indianapolis for Republican Committee Parley INDIANAPOLIS, Jan. Before tonight for Washington Senator James E. Watson announced that he would return to Indianapolis week to attend meeting of the state mittee time the of Clyde A. Walb will be received. It was believed that two plans of received attention conferences which Senator Watson had with members the state committee other leaders. The election outstanding not with the committee serve temporary chairman until the reorganization in May believed to be one of the plans while the other would permit Lawrence Cartwright, Eighth district chairman man of the to serve acting May CHAIRMAN INDICTED The leaders began casting about for the name of strong republican place in the chairman's chair May. Henry Marshall, of Lafayette, an active republican editor and party leader for many years, has been suggested the place, was Marshall, declared he nothing of his being for the and added that he planning to leave next week for four or five weeks' vacation in Florida Walb has been indicted in connection the failure of the LaGrange bank. of which he formerly was an officer, and was announced his intention to resign as republican state chairman.