Decatur Daily Democrat, Volume 55, Number 74, Decatur, Adams County, 28 March 1957 — Page 3
THURSDAY, MARCH 28, 1957
Battle For Control In Hands Os Court Turbulent Meeting Climaxed By Race CHICAGO (UP)—The battle for control of the $135 million Fairbanks, Morse machinery firm was in the hands of the courts today after a turbulent stockholders' meeting climaxed by a wild race with a “mystery man.” The meeting itself fat d to settle the fight between the -»rces of financier Leopold Silberst in and the present management >f the 127-year-old Fairbanks, Morse & Co. U.S. District Court Judge Joseph Sam Perry has ordered the proxies impounded pending a suit against Silberstein. However, both sides have permission to begin an unofficial vote count today. The highlight of .the meeting Wednesday came when a silent man walked to the front to cast his proxy vote but refused to give his name. The "mystery man” shoved his ballot into the box and started to leave. There was a shout of “Stop that man!” Deputy U.S. Marshal Anthony McCarthy and Fairbanks, Morse lawyers took off in pursuit. They raced dpwn a marble staircase and through the lobby of the swank Sheraton-Blackstone Hotel and out onto the street where the man, thought to be Bruno Saager, director of the Union Bank of Switzerland, entered a taxi. McCarthy shoved a subpena through the cab window at the man, and a Fairbanks, Morse attorney jumped into another taxi and told the driver to “Follow that cab.” . After a chase through Loop traffic, the Morse lawyer caught up with his man and discovered he wasn't a Swiss banker after all. Instead. he turned out to be David L. Subin, an associate and friend of Silberstein. The mis-directed subpena sought to force the Swiss bank to reveal its records on its dealings in Fairbanks, Morse stock on behalf of Silberstein’s Penn-Texas Corp. McCarthy was kept busy serving several other papers during the meetin'’. Otherswho got subpenas were Ralph Immel, a member of Silberstein’s proxy committee, Silberstein himself, and Jacques Sarlie, a Silberstein ally who claims to own the deciding bloc of stock. The papers served notice that Fairbanks, Morse will seek depositions next July in its suit to prevent Silberstein from voting the proxies he claims for his side. Silberstein’s forces claim the suit is a delaying tactic by Fairbanks, Morse management in the hopes that Silberstein may have overextended himself in proxy commitments and will be forced to default before the issue is settled. O O Household Scrapbook BY ROBERTA LEE O —u Ribbons and Laces Shave some pure white soap into a glass jar, or use white soap flakes to make a rich suds. Have the mixture warm, put the lace or ribbon into this, screw on the lid, and allow to soak for a few minutes. Then shake vigorously and rinse in the same manner. The Cleanser Can To prevent the rim of rust wherever the can of cleanser is placed, secure a wire tumbler holder and screw it to the kitchen wall, close to the sink. Pouring Catsup Who hasn’t experienced the difficulty of poising catsup from a bottle? But all thats necessary is to jk push back the thickened portion that congeals around the top. It will then pour easily. Trade in a good town — Decatur
! TODAY — ■ fl Continuous from 1:30 W “THE WRONG MAN” K ..jjtZft A jFL Henry Fonda, Vera Miles I ALSO — Shorts 15c -50 c , ZFRI & SAT. ~ BE 8l RE 10 ATTEND! -g. Twin Action Hits—Twice the Thrills! N i - — A HORROK BEYOND BUlff! I *5,000 rxaai terror Ol .3- REWARD BFYnwn paid only COMPARE I M hgg /tW. Pw gs? Hm EsH James Arnessx |TlwfirMt StardPTs- SWtSMOKE”) —o —o Sun. A Mon.—“ The Girl Can’t Help It”—Jayne Mansfield, Tom Ewell, Julie London, Ray Anthony, Little Richard O ———o Cominc Tues.—“ Anastasia” Ingrid Bergman, Yul Brynner
Monday Is Deadline For Dog Licenses More than 170 Decatur dog owners have purchased license tags for their pets on the recommendation of city officials, who have outlined a program to solve the problem of stray' dogs roaming the city during the spring and summer months. A dog pound has been constructed at the city dump and is now ready for operation. Mayor Robert Cole issued a final warning today that beginning next Monday, all dogs without tags will be picked up and taken to the pound. The dogs will be held there for a period of 10 days before they are disposed of. During that period, owners may claim their dogs by purchasing a license tag, paying the costs of keeping the dogs at the pound and paying for any damage caused by the dogs.
New Cases Os Polio Reported In Stale 1957 Incidence Is Double 1956 Figure INDIANAPOLIS (UP) — New cases of polio in Jackson, Martin and Monroe counties were reported today by the Indiana State Board of Health. Three cases — one in each of those counties .— were added to the records last week, raising the 1957 incidence to 13, more than double the comparative figure for 1956 and slightly above the fiveyear median. Meanwhile, a final polio report for 1956 showed that Indiana had 410 cases and 22 deaths, compared with 446 cases and 20 deaths in 1955. The number of cases for the calendar year was the lowest since 1951. when 371 cases were reported. However, that year there were 46 deaths. Comparative totals for 1955 and 1956 showed that last year, despite tne use of Salk vaccine, there were more than 20 per cent more paralytic cases .than in 1955, and a decided reduction in the number of'nen-paralytic cases.
Teachers Fund Will Finance Home Unit To Finance Bunker Hill Housing Plan INDIANAPOLIS W —,-A 680 unit housing propect at Bunkei Hill Air * Force Base will be fi nanced by a loan of nearly 1( million dollars from the Indians teachers retirement fund. Rep. John V. Beamer (R-Ind.l said a mortgage covering the pro ject was to be approved today ir Washington by the Federal Hous ing Administration. The loan will pay more that four percent interest and bring the retirement fund an annual in vestment profit of about SIOO,OOO according to Robert H. Wyatt secretary of the Indiana State Teachers Association who heads the board of trustees of the retirement fund. The fund, a state agency having no connection with Wyatt’s association,, will lend $9,984,600 on the project. Work will begin nexl month and be finished within a year. The housing units will be located on a corner of the base and will include frame and brick single homes and duplexes as rentals for officers and airmen and their families.
A Hk ■ : J F / ...... . t ‘ 1 15-YIAR-OLD Mrs. Marsha Ostenberg and husband Dale, 17, look happv with their twin sons in Richmond, Calif. Both are high school students. Dale works as a service station attendant after classes. Mark Arden (left) weighed 4 pounds, 15’4 ounces; Marty Allen 4 pounds, 11 ounces. (International)
Mr. and Mrs. A. R. Ashbaucher and Mr. and Mrs. E. W. Lanken-
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THE DECATUR DAILY DEMOCRAT, DECATUR, INDIANA
au- who are presently vacationing in Florida, recently visited at Anna Marie Island, near Bradenton, Fla. Fred Andrews, former proprietor of a barber shop in Hoagland, has accepted employment in Mor-
ris’ Barber shop on Madison street in this city. If you have something to sell or rooms for rent, try a Democrat Want Ad, it brim's results.
May Increase Trade With Chinese Reds U.S. Assures Os Continued Interest WASHINGTON (UP) — The United States has informed Britain it is "actively considering" whether free world interests would be promoted or set back by increased Allied trade with Red China. U.S. assurances of continuing interest in the China trade problem were expressed by Secretary of State John Foster Dulles to British Foreign Secretary Selwyn Lloyd at the recent Big Two conference at Bermuda.
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The United States is not willing to change its own policy of no-trade-at-all with Communist China. The question is whether the United States would agree to some increased trade by Britain, Japan and other Allies if the ban against strategic trading is preserved. Any American-approved increase in Allied trade with the Red Chinese would apply only to "peaceful goods”—items having no potential war, use. Fifteen Allied nations have been cooperating for years to control trade with the Soviet Union, Eastern European Communist nations and Red China. The 15 include all the North Atlantic Treaty powers except Iceland. Japan is the 15th member. Controls on Allied trade with Red China have been much tighter
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than those with European Communist states. County Students To Taylor Conference Six Adams county school students are planning to attend the 24th annual youth conference at Taylor University April 5, 6 and 7. They are Carol Jean Haggard, Doris Ann Bluhm, Carolyn Mitchel, Nancy Shoaf, Barbara Steiner and Ned Stucky. Guest speakers will be Dr. Robert Cook, who has been associated ‘ with Youth for Christ since 1948, and G. Christian Weiss, head of the missions department of back to the Bibles Broadcast at Lin- . . coin, Neb. Trade in a good town — Decatur
