Indianapolis Times, Volume 36, Number 277, Indianapolis, Marion County, 2 April 1925 — Page 9
THURSDAY, APRIL 2,1925
BODGE AND OIL DEALS CREATE STIR IN STREET Automobile Plant Sale Involves $150,000,000 — Morgan Is Defeated. Bu Unit'd Press NEW YORK, April 2.—Wall Street stood back this morning to take a searching look at the pair of gigantic sales announced after the close of the market yesterday. The announcements were: Sale of Dodge Brothers’ automobile concern to a group headed by Dillon, Read & Cos., of New York. Sale of E. L. Doheny control of his Pan-American Petroleum and Transport Company to the Standard Oil Company of Indiana and others. In surveying the transactions Wall Street found: That Dillon, Read & Cos., ten years ago unknown on Wall Street, and until a week ago unknown outride of Wall Street, had challenged J. P. Morgan and the Duponts and humbled those mighty interests in a gigantic struggle. That, probably the largest all-cash transaction in Wall Street history, had resulted. 5150,000,00 Paid That the purchasers had paid around $150,000,000 for the name of ‘‘Dodge Brothers”—a name which two and a half decades ago was worth about $4 a day when signed on a machine shop pay roll and accompanied by nine hours’ work. That two Detroit women, the widows of the Dodge brothers, are among the world’s richest women. That a large stock or bond issue may next come into the market and I hat another bir automobile conCOMPLEXION Iluddy Cheeks Sparkling Eyes—Most Women Can Have S.rs Dr. Edward*, a Well-Known Ohio Physician Dr. F. M. Edwards for 17 years treated scores of women for liver and bowel ailments. During these years he gave to his patients a prescription made of a few well-known vegetable ingredients mixed olive oil, naming them Dr. Edwards’ Olive Tablets. You will know them by their olive Color. These tablets are wonder workers on the liver and bowels, which cause a normal action, carrying off the waste and poisonous matter in one's system. If you have a pale face, sallow look, dull eyes, pimples, coated tongue, head aches, a listless, no-good feeling, all out. of sorts, Inactive bowels, you take one of Dr. Edwards' Olive Tablets nightly for a time and note the pleasing results. Thousands of women and men take Dr. Edwards’ Olive Tablets — the successful substitute for calomel —now and then just to keep them lit. 15c and 50c. —Advertisement.
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Named Assistants to Sargent
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YV. Donovan of New York (left) and Ilerniaii .1. Galloway of Indiana were appointed by President Cooiidge as assistants to Attorney Genoral John G. Sargent.. Donovan now holds the second ranking post in the department, succeeding A. T. Seymour, who resigned
cern, which may include other companies, may compete with General Motors. That E. 1 1. Doheny, the man who personally discovered the Mexican oil fields, had sold control of I is holdings outside of the United Sta/tes, and will confine himself to his California properties. That through the deal the Standard Oil Company of Indiana, a week ago without interests in foreign oil, is now one of the largest factors in the foreign oil business. Standard Retains Control That the Chase Bajiking interests and British interests headed by Lord Inverforth, are allied with the Standard Oil of Indiana in purchasing Doheny’s property, but the Standard retains cor uni. Those were some of the things that first hit Wall Street in its study of what had happened. TO TRANSFER PROPERTY Final Details in Dodge Brothers Sale Being YYorked Out. Bv United Press DETROIT. April 2.—Final details were being worked out today' for the actual transfer of the management and property of the Dodge Brothers Motor Company to Dillon, Read & Cos. in the largest ai tomobile deal ever made. A. O. Schwartz and t •<> associates, representing the New' ork brokers, refused to name the an punt, but it :s thought to be $145,000,000. The formal statement issued by Schwartz and associates emphatically denied that any consolidation of Dodge with any other company or companies was contemplated. It was the intention to "ontinue Dodge Brothers, Inc., as an independent concern without a change in personnel or management, they said.
INDIANA WOMEN OPEN TWO-DAY MEETING HERE ' i Annual Convent on o f May Wright Sewell Council Opened. Annual convention of the -May YVright Sewall Indiana Council of Women opened Thursday morning with a. board meeting at the Claypool, which is headquarters for the two days of the convention. , Mrs. Felix T. McWhirter gave the invocation. Greetings were given by Mis. Bert Gadd. president of the Indianapolis Council of Women, to which Mrs. T. J. Louden of Bloomington, Ind, State council president responded. The business of the morning was largely routine. Evans Cochran, pianist played. Committees are resolutions, Mrs. Elizabeth Kahrer, Anderson, Ind., chairman, Mrs. Melville Moon, and Mrs. Edna Hatfield Edmondson; time and place, "Mrs. Fred Manson, Orawfordsville, Trid., chairman, Mrs. Arthur Twining, of Ft. Wayne., and Mrs. LcOrande Law'renee. In the afternoon Dr. L. S. Davis, of Indiana University spoke or. “Patent Medicines.” Preceding Ins talk, reports b’ the affiliated organization presidents were given and Miss Katherine Bowlby, sang, accompanied by Miss Justine Halitday. Following Dr. Davis’ talk, a drive around the city was given delegates. Following the 6:30 p. m. dinner In the Florentine room, a surprise program arranged by Mrs. Fred L. Pettijohn was to be given b.v Misses Betty Williams, Lavorln Robbins, Virginia Pittman, Charlotte Brown, Katherine Harrod, Dorothy Bsssett, Thelma Peterson, Helen Emert, Norma Justice, and Mrs. L. H. Pauli. Speakers for Friday are Dr. L. H. Murlln, of De pauw University, who will talk at 11 a. in. on “The World’s Conning Tower." and Mrs. Flo Jamison Miller, Montioello, 111., corresponding secretary of the National council who will speak in the afternoon on ‘‘Councils of Women.” Mrs. Miller is the guest of Mrs. Perry Hoster, 2531 Broadway. The Kappa Trio will play at the 12:30 p. m. luncheon Friday at the Lincoln.
MRS. BAWDEN TO ENTERTAIN I Or. Agnes Wells Will Be Guest of Honor. Mrs. James A. Bawden will entertain with a luncheon at the Propyleaum, Friday noon, in honor of Dr. Agnes E. Wells of Bloomington. State president of the. American Association of University Women. Local chairmen assisting Mrs. Bawden. in arranging for the State convention which will l>e held at the Claypool, all day Tuesday, will tie the other guests: Mrs. Birney Spi’a/iling. information; Mrs. Fred Terry, luncheon tickets: Mrs. Walter Greenough, registration; Mrs. G. Q. Dunlop, assisting in registration; Mrs. J. T. Wheeler, credentials; Mrs. J. R. Curry, in charge of the tea, Tuesday afternoon; Mrs. A. 11. Hinkle, drive; Miss Isabella C. Bug bee, publicity; and Mrs. Frank D. Hatfield, president of the Indian o.polis branch, and Mrs. M. N. Hadley. secretary. Mrs. Frank Streightoff will entertain Kunday evening with a supper for the national officers, and secretaries, w'ho are to attend th° national convention here, April 8-11. Other guests will be Mr. and Mrs. Frank D. Ha.tfielrl, and Mr. and Mrs. It. Hartley Sherwood. INDUSTRIAL CONVENTION National league Will Meet Here April Earl L. Ferguson, manager Chamber of Commerce convention bureau, today announced the National Industrial Deague will hold its spring meeting here April 29 30 at the Claypool. Executive committee will meet two days previous. J. H. Beck, executive secretary, Chicago, notified Ferguson the meeting would be here. H. B. McNeely, R. B. Coapstick, 1 1. E. Banta and Freed Doebbeer are in charge of arrangements. Revenge on Road Hog BEAVEN WORTH, Kan., April I.—Angered because a a load of hay blocked the road, an autoist threw a lighted match into t.)ie load, as he finally got by. The fire destroyed the hay and the wagon.
A Boon to Mothers Mothers everywhere who realize the danger to delicate little stomachs of too much dosing appreciate the value of Vicks in treating croup and children’s colds. With Vicks there is nothing to • swallow—you just rub it on. The body heat releases the ingredients—Menthol, Camphor, Eucalyptus, Thyme, Turpentine —in the form of vapors which carry the medication directly to the nose, thoat, bronchial tubes and lungs. At the same time Vicks is absorbed through and stimulates the skin like a poultice or plas ter. Colds go overnight, croup is generally relieved within 15 minutes. VICKS Varoßub Over t 7 Million Jars Used Yearly
THE INDIANAPOLIS TIMES
She Won't Tell
. . .
I’ola Negri, film star, phot graphed as she sailed for Europe. .Sue would not give the name of the man to whom she is engaged and to whom sire returned an 18-karat diamond because it was too big.
TRAVEL BUREAU r ß “’S n f h s 0 to w “r l M pa ‘' t ' FLETCHER AMERICAN CO. Paris office —8 Rue Main 5080 St Florentin
Cutlery Specials For Friday and Saturday
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MorrisonS FOUNDED IQB+ *** 4 W. Wash. St. Known for Remarkable Value Giving Bargain Basement Friday ’s Great Value Offerings in SPRING COATS That Lead in Styles and Values T ' used for the Smartest Sport and Dressy _ Coal* arc featured at these saving prices. to Every Coat a Super Value || ||l rpHIS extremely low price has not prevented ll'' 1 L w I our basement buyer from obtaining Coats j# ■ A | in every smart style sponsored for Spring. . -JK ■) Many are attractively trimmed with bands of B| All Styles J — fur; many have the new narrow collar effects. Wowpv\ \ i All are designed to emphasize an extremely 1/ . ' f \ / Slender silhouette. Novelty buttons, braiding and I / Newest and Misses \ / self-trimmings are used to make them attrac- I / \ k lively individual. J L 10101S A Smashing Dress Sale for Friday SQ.9B 150 dresses at less than one-half of the original selling price. A large variety of J* attractive styles in plaids, flannels, twills, serges and silks. All this season’s W models. All colors and sizes.
STRIKE BY TWO UNIONS NOW ON Iron and Asbestos Workers Continue Walkout. Structural iron workers and asbestos workers were still on strike today after no agreement on a wage scale had been reached with contractors. William Scott, business agnet for Asbestos Workers’ Union, said the laborers offered to split ajid compromise at a conference Wednesday night at Building Contractors' Association office. The workers asked an increase of 15 oents an hour over the scale which was SI.OO last year. W. T. McLaughlin, president of the Master Insulating Association, said the contractors would not pay the increase. There are more than
BUTCHER KNIVES On sale .are exceptional values in high grade meat knives. Blades are 6 inches long, of imported sharp steel; handles are Btained wood. O Each Z4C Stainless Steel Steak Knives These stainless steel table or steak knives have ivory, ebony or polished steel handles. Extra />o special, each .QOC
thirty workmen in Indianapolis and about fifteen over the State who are out. Another conference will be held with contractors at 9:30 a. m. Friday. Structural Iron Workers’ Union, of which John J. AlcNanaora is business agent, asked increose of 25 cents an hour over the $1.25 scale of last year. Workmen failed to report Wednesday for work after contractors refused to meet the demands.
MorrisonS 4 West Washington St. Known for Remarkable Value Giving New Easter Hats At a Great Saving! % Smart Models in Silk and Straw Combinations —Felts and Satins —Priced at SO.OO Just Received! A Shipment of Chic Hats from Our Eastern Buyer Stunning combinations in the newer modes of the season, arid the pricing is indeed reasonable, $4.95 to $12.50, including the extra large headsizes.
CDR RISDN s iii ii mull • -• i
Cocaine Substitute BERLIN, April 2.—A substitute for cocaine has been discovered by German scientists engaged in making synthetic rubber. It is called tuokain and is said to have been used very successfully as a local anesthetic. Swallowed His land LONDON. April I. —William Kupper is charged here with stealing rings and then swallowing them. In the hospital it was discovered
he had swallowed needles and collar studs. Evidence showed he had a mania for stealing and swallowing things, having lieen operated on once before so that his loot could be revealed. Railways Ylolorized SANTIAGO, Chile, April 2. Coal is so expensive here that an increasing number ot motor busses with railroad wheels are being used on the railways here for passenger | service. __
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