Indianapolis Times, Volume 35, Number 250, Indianapolis, Marion County, 1 March 1924 — Page 2

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U. S. JURY CHARGES CONGRESSMEN GET GRAFT MONEY

‘UNEMPLOYMENT IN BRITAIN IS SERIOUS’ -LLOYDJEDRGE Recalls Conferences With Labor Leaders in Indianapolis, By DAVID LLOYD GEORGE Former British Prime Minister (Copyright, 1924-, by United Feature Syndicate, Inc.) LONDON, March 1. <By Cable)— This is the fourth year of abnormal unemployment in Great Britain. Although steady improvement is indicated b ytrade returns and the numbers dealt with by the various agencies providing for the workless, the upward movement is slow and stubborn and there are many disquieting features in the outlook. The figures for 1921, the first year of the great slump, are vitiated by the effects of the most devastating labor dispute ever seen in this country—the coal strike or lockout. Let us therefore start with 1922. On Jan. 1, 1922, the registered unemployed numbered 1.906,000. The next few months were full of promise and of hope. Trade showed signs of returning life and the business man looked forward to recovery to normal in 1923. By the middle of October, the dismaying figures of January had fallen by 30 per cent. A Year of Gloom But 1923. instead of being a year of maturing nopes, was a year of gloom and disappointment. The improvement, without being altogether arrived, was checked and slowed down perceptibly. Where there were marked increases In any branch of business, they were due to pauses In themselves unsatisfactory and unhealthy. For instance, the leap up in our coal exports. They reached the boom figures of 1913. This was entirely due to the closing down of the German coal fields, owing to the invasion of the Ruhr and the consequent passive resistance movement of the West phalian miners.

Unemployment 1,124,000 So the unemployment figures stand today at 1,124,000. In the first ten months of 1922 they fell by 30 per cent. During the last sixteen months they have only decreased by 16 per cent. After nearly three and a half years of unexampled depression, the numbers of fit men unable to find work are higher than they have ever been in this country. These unemployed registers by no means account fur all able-bodied men who are seeking and seeking in vain, for some means of earning a decent livelihood for themselves and for those who depend upon them for subsistence. The published figures do not cover uninsured trades, and the numbers of "black-coated” ("white-collar’) men who are out of work can only be estimated. The bounty of the State has. so far, not reached them and they are two proud to avail themselves of the charity of poor funds. Total 1,500.000 Taking all these unfortunate people into account, we should not be far wrong in placing the number of tit unemployed today at 1,500,000. To realize the full dimensions of the prob l lem, one must also recollect that there lare now 700,000 men who. before the Iwar, would have been competitors in /the labor market, but who have been disabled by wounds and are now maintained out of taxation drawn from the industries of the country. Unless trade expands to such an extent as to absorb these masses upon whom idleness has been enforced. British statesmanship will be confronted with anew problem of the gravest character. A million men in the prime of life, with nothing to do but walk once a week to an office where they draw a money grant which supplies them with bare sustenance, will inevitably in time ferment mischief. What are the prospects of absorption?

Equal to Prosperous Year Ono of the mysteries of unemployment today is the fact that, in spite of trade depression, the numbers actually employed in our industries are equal to those at work during the prosperous year immediately before the war. What is the explanation? Shorter hours of labor in many important industries and, in some trades, vicious slowing down in produet'on, necessitate more hands for a smaller output. In the United States, the production per worker has increased in recent years. This is largely due to developments in labor saving machinery and the increasing use of electric power. In Britain, in spite of mechanical devices to aid and suppiant, the labor - output per head, all around* has diminished. - - _ _ Conferred Here A number of influential trade union leaders whom I had the pleasure of talking to at Indianapolis told me they had always consistently opposed the policy of restricting output, because they were convinced that, in the end. it would injure the worker by depressing his wages and limiting hie opportunities for remunerative employment. How comes It that, although the numbers engaged in the various industries are just as large as in 1813 employment figures, there are 1,600,000 still out of work? The growth in population of Great Britain during the last ten years has been 1.665,000. What matter, however, from the point of view of employment, is the number of adults of employable age who come into the labor market for the first time every year. It is computed that a balance of 250,000 are added ■ each year to those who compete for work in our Industries. Before the war this figure was kept in check by emigration in a large scale. In the ten years previous to the war, the

Butler and Franklin Co-eds Will Cross Swords Over Question of World Court

—Photos by Charles Uretzman Studios.

ABOVE. LEFT TO RIGHT. MISS DOROTHY VARNTZ, MISS LOIS WISHARD. MISS VIRGINIA CURTIS; BELOW, LEFT TO RIGyT f MISS DAISY SCHULTZ, MISS DEMA KENNEDY AND MISS KATHRYN BOWLBY.

total number of emigrants, in round numbers, was 2.630,000. In the ten war and post war years this number fell to 715,000. That represents a difference of 1,900,000. Half and Half Probably one-half this number are men and women whc are competing today in the British labor market. As there seems to be no immediate prospect of any relaxation In the immigration limits of the United States, this number must go on increasing for some time at a rate to which we were not aceu.<*tomed in previous years. The Dominions, even, seem to be in no hurry to welcome the available surplus of our manhood and womanhood. Britain is not the only country where powerful, vigilant and suspicious labor organizations exist. Last year, the volume of our exports was but 74.5 of our 1913 export trade. During and since the war, other countries have built formidable merchant fleets, and there is not the same need for the services of British shipping in the world s carrying trade. Before the war. we were the greatest creditor nation in the world. Owe Money For the first time, we owe large sums of money to another country and have to meet heavy pay merits externally for interest and sinking fund. We parted with at least 500,000.000 pounds of our external securities, and, in addition, we owe 1.000,000,000 pounds to the United States. We have still a balance in our favor, but it has been gravely reduced by the war. If we could recover the whole of our foreign debts, we should still be well off. But I can see no Baldwins arising in foreign treasuries, and our prospect for receiving payment is

LUDENDORFF TELLS OF AIM IN PUTSCH German War Lord Raps at Jews and Catholics and Says Vatican Favored France During War,

By United A ’etc* MUNICH, March ly—“We do not want the Rhine to be bounded by the grace of France. “We want a Germany free of Marxism. semitism and papal influences. We want a Germany strong in honor which shall be a bulkwark of peace." Thus General Ludendorff, worshiped by Germany during the war and a hero to monarchists in post war days, declared his aim In joining the "beer cellar revolution.” His declaration was made as he faced the court, charged with treason In connection with the abortive fascist revolt of last November. Denunciation of Jew’s and Socialists figured much in his testimony, and he spoke of Catholics with ill-con-cealed antagonism. He declared that he favored a monarchy, but said Germany was not yet ripe for restoration of a pionarchial regime. “Strengthened by the mutinaers’ blood, the nationalistic movement gains new power that is the result of the eighth and ninth of November!” Ludegidorff dramatically concluded. pounding the table to emphasize his words. General Has Aged The general has aged much since the war. His figure bulked heavy in a frock coat as he stood on the stand, nervously shoving his horn rimmed glasses first to the tip of his nose and then to the bridge. "I have grown old in the service of the fatherland,” Ludendorff declared, “but my heart Is still young and longs for the freedom of the people, which .1 saw declining through their own faults and as a result at exterior force. “As ‘all Germany fought for its ex-

mUK world court question will be debated by negative and positive teams of Butler University girls against Franklin College girls March 14 and Wittenburg and Albion Colleges March 27. Butler teams will comprise girls In the picture. They were chosen for excellence In intrasorority debate*. therefore remote. Our national debt is ten times what it was before the war. In spite of the exhausting experiences of the great war. we have not j yet by any means consumed our re j serves. " *' •‘ ‘ I have been pleading for a thor--1 ough and fearless examination of the outlook, yvith a view to dealing with it with all the resources at the command of a resourceful people. I feel ; that we are drifting. In the hope that i if we vyait long enough the tide will turn and float all our grounded ships. There are reassuring, as well as dtsI quieting, factors In the situation, but it is time that we should weigh and j consider both and strike a balance, with a view to strong and decisive action. Thanks to the unexampled self sacrifice of our people, our credit has been restored. Our taxation is the heaviest in the worjd. but our credit is the best in Europe. Then our coal supplies are unexhausted. ; Coal is one of our principal internai tional currencies. Oil for Coal, What! One would like to know here, also, what effect the substitution of oil for ; coal In our ships is likely to have , upon our trade. A great shipbuilder I predicted to me a short time ago that in a few years the mercantile marine will be run on oil. If that forecast is confirmed by events, there is anew element of doubt of a most serious I character introduced into our trade.

istencer the Vatican was anti-German and fhvored France.” Ludendorff declared. Later he referred to Cardinal Faulhaber's trip to the United States, saying: “He spoke there regarding the Lusitania in a manner repugnant to every good German.” Clergy Favor .lews The clergy, Ludendorff declared “increasingly favored the Jews.” This was taken to refer to Cardinal Faulhaber who once issued a pro-Jewish statement. He said he was “no defender of the Weimar constitution.” but opposed Bavarian tendencies to cut loose from Prussia, saying that “the permanent enslavement of Germany by France” would have followed such a step. Admitting he thought the time was not ripe for restoration of a monarchy, he declared the restoration of the Wlttelsbach dynasty without the Hohenzollerns would be fatal to Germany. Called on Telephone Ludendorff said on the night of the “beer cellar revolt” he was called on the telephone by some unidentified person, who told him to go to the beer cellar. “I arriv'd there and agreed to the Putsch plan, as I saw otherwise there would be danger of a separatist movement which would destroy Germany unless immediately counteracted.” he sai. Ring, Bank and Purse in Loot Mrs. Lee Keller, 1817 W. Morris Sttold police today a ring, bank and purse, valued at $56 were stolen from her V>me Friday night.

THE INDIANAPOLIS TIMES

Coal plays a great part in the cheapening of freights and thus facilitating our import and export trade. If that disappears, there is no doubt that we shall be handicapped in our markets. DAVID LLOYD GEORGE. JOHN M. THOMAS FUNERAL SUNDAY Taps to Be Sounded Over Grave of Civil War Veteran. Funeral of John M Thomas. 80. Civil War veteran, who died Friday at the home of his daughter. Mrs. Robert Shotts, will he held at 2 p. m. Sunday at the Daughter's residence in Maywood. Ind. Burial in Round Hill Cemetery. Mr. Thomas lived in Marlon County all his life. He served in Company K, 70th Regiment, under Gen. Benjamin Harrison. Surviving are five sons, Charles. William, George. Erwin and John A. Thomas, and one daughter, Mrs. Shotts. Eigiiteen grandchildren and seven great-grandchildren also sur vive.

ATTORNEY NAMED FOR GLADYS ELLIS J Lawyer for Poor to Act for Confessed Slayer, Clifford R. Cameron, attorney for the poor, will represent Gladys Martha Ellis, 21, if she is ir dieted in Criminal Court on a charge of murdering Miss Louise Richards, 70, teacher-matron at the Indiana Woman's Prison, last Monday night The prisoner confessed to the murder. The young woman still insists no one be allowed to see her. Sheriff George Snider said today. No relatives have asked to visit her, he said. She passes the time reading newspapers or sleeping in her county jail cell. The grand jury is expected to report on the case to Judge James A. Collins of- Criminal Court Monday. It also is expected it will report on the case of Charles Henry, colored, who Is charged with the murder of Jesse Louden, policeman. Henry's mother recently filed an affidavit in a justice of peace court alleging he is Insane, and the inqueßt vras fixed for Monday. Henry will not Vie allowed to leave the jail for the inquest, Snider said today, pending the outcome of his murder charge. Bill Carries .$200,000,000 By United Press WASHINGTON, March I.—The McNary bill providing for a $200,000,000 agricultural export corporation was favorably reported by the Senate Committee on agriculture today. Cupid Wins By Times Special CRAWFORDBYILLE. Ind., March -1. —As Charles De.moret, 23, was on his way to Danville to get married today, a Pennsylvania passenger train demolished his automobile at a crossing here. Demoret, uninjured, obtained another automobile and proceeded on his way. —„ '

New Evidence in Veterans’ Bureau Probe Follows Indictment of Col. Forbes for Alleged Bribery and Conspiracy. CHICAGO, March I.—New evidence of graft j n Washington has been dug; up by the special Federal grand jury which indicted Col. Charles J£. Forbes, former head of the Veterans’ Bureau, and J. W. Thompson, builder, on charges of bribery in connection with the expenditure of vast sums of money by the bureau. Two Congressmen are involved in the new evidence. The Congressmen accepted “certain sums of money,” the jury stated, but failed to say why the money was paid. Other persons in Washington* “not attorneys,” speculated on official information, received money for obtaining clemency for Federal prisoners or were paid for obtaining liquor permits. These favors were obtained through “intimacy with officials,” the report stated.

This information will be presenter! to President Ooolidge and the Department of Justice. The special jury did not take action on these charges because it felt the offenses were outside the jurisdiction of the Federal Court of the Northern District of Illinois. Four Indictments Returned Four indictments were return?l by the jury late Friday, after several weeks of examination of numerous witnesses. Forbes and Thompson, who is head of the Thompson & Black Construction Company of Chicago and St. Louis, are charged with conspiracy to defraud the Government in connection with the construction of hospitals and with conspiring to commit bribery. Forbes was named in another indictment charging .him with accepting bribes and Thompson also was indicted on a charge of bribing Forbes, $5,000 Is Paid Elias H. Mortimer, agent for Thompson and Black, was named as the man who gave Forbes $5,000 in a hotel here in 1922. This sum was paid to Forbes because Mortimer said he made it easy for the Thompson & Black Company to obtain valuable contracts from the Veterans Bureau. Politicians are speculating on how much Attorney General Harry M. Daugherty had to do with the report of the jury on the new evidence of j graft In Washington. Daugherty was closeted With the jury and John W. Crim, special Go\eminent prosecutor, for a considerable length ,of time Thursday. General belief is Daugherty supplied : Crim and the jury with valuable In j formation.

CHILDREN CLAIM BODY OF RECLUSE MISSING 25 YEARS Mystery of Disappearance of Oliver Walker Unsolved in Death. The conclusion of one of the tiugc dies of life was written today, when Anthony Walker and Mrs. Chloe Mills of Cleveland came to Indianapolis to claim the body of Oliver Walker, who died about a month ago at the city hospital. Anthony Walker and Mrs. Mills were children of Oliver Walker, who lived as a recluse at 2658 Brookside Ave. His neighbors knew little about him. lie was 85. , Just how long he had lived in Indianapolis is not known. When last seen by relatives, he was in front of the Dayton (Ohio) postoffice, twentyfive years ago. He disappeared. Mr. Walker served with a Maryland regiment during the Civil War. Anthony Walker said. “I am going to take the body back to Cleveland and have it buried beside my mother,” Anthony Walker said, "It was just a queer notion of his —his disappearance and lonely lifo. There was no other reason."

LIFE SENTENCE ADVISED Verdict of First Degree Murder Returned Against William Jones. Hu United Press BLOOMFIELD, Ind., March I.—A verdict of first degree murder with recommendation for life Imprisonment was returned today by the jury in the trial of William Jones of Bicknell, charged with complicity in the murder of Charles Wrighth, Edwardsport bonk cashier, shot and killed during an attempted hold-up. The case went to the jury late Friday. Ted Armstrong, who confessed to the shooting, is serving a life sentence. VALUATION IS INCREASED Assessment of Property- Goes Up $50,000.000 in Year. Property valuation in Indiana for 1923 increased approximately $56,000,000 over that in 1922. according to reports of county auditors received by ! Carl L. Cue, deputy State auditor. Total valuation for taxation purposes is $5,281,804,728. State Road Contract Awarded Contract for paving of seven-mile section of State road No. 2, east of Columbia City was awarded today by the State highway commission to the Hillding Construction Company of Grand Rapids. Mich., on a bid of slßl,056.59. Leap Year Birthday Party George Harnes, 8, son of Mr. and J Mrs. William Harnes, 2344 S. Pennsylvania St., today celebrated his second birthday by entertaining his playmates at an elaborate party. George was born Feb. 29, 1916. Investigators doubtless will discover that the only thing about Germany that Is unimpaired is her nerve. —Greeley (Col.) Tribunte-Republican.

In connection with the new evidence, the jury stated. “1. That one or more officials of the Government used official information for purposes of speculation. "2. That two members of Congress were paid certain sufns of money. ”3. That persons having no officila connection with the Government or that particular department had possession of a file of a federal department. ”4. That money was accepted by certain officials, not attorneys, for the purpose of obtaining clemency for prisoners, through their intimacy With officials of the Government. ”5. That money was collected by certain individuals not attorneys, for obtaining through such intimacies, permits for intoxicating liquors.'’ Thompson, who was in Chicago when the indictments were returned, surrendered and appeared before Federal Judge Carpenter. He gave $lO,000 bond. Forbes is in Washington and is expected next week. FORBES READY TO FIGHT Former Head of Veterans’ Bureau and Counsel Arrange Bail. Bjj t nited Press WASHINGTON. March I.—Col. Charles R. Forbes, former head of the veterans' bureau, today began preparations for a fight for his liberty and good name. Refusing to comment on the bribery indictment returned against him Friday by a grand jury in Chicago, Forbes after a conference with his counsel, James Easby Smith, said merely arrangements would be made within a day or two to have!Forbes go ''before a United States commissioner and give bail of $5,000 for his appearance in Chicago. Until he and his counsel have determined their oourwe. Forbes will have nothing to say. But it was indicated at the same time his trial .s likely to result in disclosures even more sensational than those before the Semite committee which led to the calling of the grand jury and the Indictments against Forbes and J. W. Thompson. Chicago and St. Louis contractors.

Retired Pennsy Machinist Returns to Old Haunt

When Julius H. Buschor. of 421 Jefferson Ave„ entered the E. WashI ington St. shops of the Pennsylvania Railroad today, it was not to work, as he had worked there continuous ly for the past thirty-two years, hut just to say “hello.” With the eelebation of his seventieth birthday. Feb. 15. he went on the railroad's pension list. Ever since Buschor came to Indianapolis in 1892. from Llndau. Bavaria, his birthplace, he had been a machinist n the Pennsylvania Railroad shops. When 17. he went to Zurich. Switzerland, where he learned the trade. “I'm just going down to the shops to see the boys,” said Buschor. "Ive got to see the doctor anyway, because of a cut on my finger. I .guess I'll find it hard to stay away.” This spring Buschor Is planning to take a few months' rest in Florida. He will ho accompanied by his daughter. Miss Elsie A. Buschor. CLAUDE JOHNSON IN SHERIFF RACE Police Sergent Promises Protection for Rural Districts. Law enforcement agencies should have at their head men experienced in the business of law enforcement, said Police Sergeant Claude Johnson, 720 Caryle PI., today in announcing his candidacy for the Republican nomination for sheriff. “I believe that fourteen years in the police department give me the experience necessary to carry out the will of the people in the sheriff's office,” said Johnson. The candidate said he would use care in selection of deputies and jail matrons and promised impartial administration of law. Protection for rural districts will be given special attention, he said. Johnson started a two-months’ leave of absence from his pojice duties today. SKYLINE CHECK URGED Engineer Proposes Limitation N os j Building Height* to Stop Smoke Restriction of building heights will aid in the solution of smoke problems, according to R. F. Schuchardt, chief engineer of the Commonwealth Edison Company of Chicago. In a talk Friday night before the Indianapolis branch of the American Institute of Electrical Engineers at the Lincoln, he said that exeremely tall buildings create heat and smoke channels that hold the smoke down. Other speakers were J. E. Kearns of Chicago and ~C. C. Perry andj, D. C. Pvke, both of Indianapolis. • f

Grand Prophet to Speak at Banquet Plans for the thirty-fourth Supreme Council session of the Mystic Order, Veiled Prophets of the Enchanted

Realm here June 23-25 will be discussed at u Sahara Grotto banquet at the Hoosier Athletic Club tonight. Grand Venerable Prophet Joseph B. Sieber of Akron, Ohio, will speak. Oliver R. /Wald, monarch, will preside. Representatives of all Indiana Grottos are I expected to attend. Sahara’s ceremonial cast will

SIEBER

exemplify the degree of Veiled Prophet before the dinner, and Supreme Council inspection will be conducted by Sibber. REPUBLICANS ARE JUBILANT DYER TAX COMPROMISE Support of Progressives Overshadows Mere Details of Bill. Bu United Press WASHINGTON, March 1. —Mellon may disapprove and Coolidge be only half pleased, but Republican administration leaders in the House today are jubilant over the passage of the tax bill Friday. For it bears the label "Republican” because the progressives, who had been standing with the Democrats in a firm coalition, came over at last to their own party. This development was held by Adj ministration leaders to overshadow i mere details of a tax bill. For it was ! taken to mean the La Follette progressive. despite their strong disagreement with the conservative wing of the Republican party on most things, are not ready to break away from Republican ranks on major issues. Li Follette himself was held responsible today for swinging his followers in the House over to the Longworth tax compromise. What the Senate will do to the bill, ;no congressional leaders would attempt to predict. The situation in the Senate- is so complicated it seems unlikely fast action can be had on the measure.

pV jjg v JULIUS H. BUSCHOR HELMICK GOES TO FORT Major Transferred From Maryland to Indiana Post. Major Charles G. Helmick, field artillery, son of Maj. Gen. Eli A. Helmick, inspector general of the army, has been assigned to the Third Field Artillery at Ft. Benjamin Harrison, according to word from Washington. Major Holmiek now is on duty at the Aberdeen proving ground, Mary-, land. NEW POSTOFFICE OPENED Substation Is Located at 1227 Oliver Avenue. Opening of anew postoffice substation at 1227 'Oliver Ave., was announced by Postmaster Robert H. Bryson today.

The mighty power of the DoTlar is yours so long as you do not spend it. Dollars spent now add nothing to your future comfort or happiness, but dollars deposited with this STRONG COMPANY —the oldest in Indiana—insure your comfort in the years to come. Your funds deposited here will be absolutely safe and always available. Your savings or surplus account welcome. THE INDIANA TRUST Srslvings SURPLUS $2,000,000 We Sail Travelers’ Cheques and Foreign Exchange payable in all parts of the world.

SATURDAY, MARCH 1, 1924

HOME COMPLETE CONTEST WON BY INDIANAPOLIS MAN Faye Southers’ Poster Takes First Prize, Offered by Realtors.

SOUTHERS BLACK

Faye E. Southers, 559 Tecumseh St., has been awarded first prize, SSO, in a poster contest of the Home Complete Exposition, Donald D. Goss, chairman of the contest committee of the Indianapolis real estate board, announced today. Other winners were L. B. Wynne, 1112 W. Thirty-Sixth St., second prize, $25, and Goss Karl Black, 2355 N. Alabama St., third, sls. The judges awarded favorable mention to Ella Dakin Brown, 46 Union Trust Bldg.: Howard Ashleman and James Roy Gideoll of the John Herron Art Institute, and George Ainsley, 426 N. Oakland St. The real estate board has decided to exhibit the forty posters submit-, ted at the exposition at the State Fairground. April 7-12. Judges were Alex R. Holliday. Walter D. Hickman of The Indianapolis Times. Miss Ida Anderson, Chic Jackson. Robert F. King and H. L. Richart. The contest, which was Statewide, was for the purpose of obtaining a two-color cartoon expressing the spirit and purpose of the Home Complete Exposition. REPORTSINDICATE INDIANAPOLIS CAR EXPENDITURE HIGH Fares in Other Cities Average More Revenue From Each Passenger, Os three street car companies that reported maintenance and depreciation costs to Taylor E. Groninger, city corporation counsel, today, two are spending less fior these items than the Indianapolis Street Railway Company. The local company, in asking in creased rates, has complained that it does not have sufficient money for maintenance and depreciation. The Capita! Traction Company of Washington. D. C., reported it is spending 9.665 per cent of its gross income for maintenance and 7.618 per cent for depreciation, a total of 17.283 per cent. Kansas City Figures The Kansas City Railway Company reported expenditure of 15.11 per cent for maintenance and 2.38 per cent for depreciation, a total of 17.49 per cent. The International Railway Company o£ Buffalo reported 15.99 per cent for maintenance and 10.32 per cent for depreciation, a total of 26.31 per cent. Local Company Complains The Indianapolis company is spending a total of 21 pere cent of its gross revenues for maintenance and depreciation. It says this does not give it enough money. The other companies obtain more money from each passenger carried, however. The revenue a passenger in Buffalo is 6.24 cents; in "Washington, 7.054 cents: Kansas City, 7.82 cents. In Indianapolis is is slightly more than 5 cents. Reports have been asked from other companies. UTILITY SALE ORDERED Electric IMants Merge—Securities Are Authorized. The purchase of the Attica Electric and Power Company, the Attica municipal electric plant, the Hillsboro Electric Light Company and the Newtown Electric Light Company by the Attica Electric Company, anew organization, has been approved by the public service commission. An order authorizes issue of $200,000 of 6 per cent bonds, $30,000 of 7 per cent preferred stock and 10,000 shares of no par value common stock.