Indianapolis Times, Volume 39, Number 124, Indianapolis, Marion County, 1 October 1927 — Page 2

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i 215,767.27 were State, county, city chool and fireman’s pension funds. * The reserve, which at one time to $45,000, had been twiped out and a recent assessment Jbf 100 per cent against the directors fcnd 50 per cent of stock holdings fegainst shareholders had not been •jnet fully. i 67 Are Stockholders The 1,000 shares are held by sixtyfceven stockholders, the largest "Os (whom is Mrs. Lou Etta Owens, with H 34 shares. Mrs. Owens is the another of Frank S. Owens, the president, who succeeded his iather-in-law W. H. Arnold, a (former farm trader, who now lives stt Palatka, Florida. The operating sheet for the bank's business in 1925 shows that it made ft profit of only SI,OOO before de■(ducting losses. The 1926 operating sheet shows a Condition about as bad. More than $35,000 was paid out as interest on deposits of less than $1,000,000. In the $35,000 was $6,000 paid as interest on a loan of SIOO,000. which showed that deposits cost the bank approximately 3 per cent. Other banks pay less than 1.6 per pent for their deposits. Credits Are Frozen The credits remaining are regarded as “frozen.” Experts place $40,000' as a high figure on the “good paper” which has not been hypothecated. More than $150,000 of the bank’s paper has been pledged and there remains about $285,000 pf paper regarded as “very slow.” Suit brought by Owens to obtain possession of a safety deposit box Will be fought when it comes up for hearing Oct. 21. Owens contends that contents of the box belong to his father, Thomas Owens of Bloomington, 111. Attorneys for the stockholders and depositors, as Well as the co-receivers, will deny and resist this. That the State damply protected Is the opinion of Mrs. Urbahns. Surety Bond Held “We have a surety bond for $37,500 and Liberty bonds in the sum of $45,000 against our money on deposit there. If the bank pays 50 cents on the dollar, as the banking department thinks it will, we will not lose anything. “This loan was inherited by our administration. We -sought to reduce it by every means possible and still place the bank in a precarious Mrs. Urbahns said. “We cut the loan to $200,000 and have been trying to reduce it at the rate of $5,000 a month. “Within the last few months we were able to transfer $25,000 to the Howard National Bank, which brought the amount to $160,000.” i State Auditor Lew S. Bowman, also a member of the finance board with Mrs. Urbahns, concurred in the statement. “As secretary of that board, my duties are limited,” said bowman. “While we knew that the condition there was bad, we felt that we would matte matters worse if we tried to withdraw the whole State deposit.” Christmas Funds Tied Up Among the depositors who will have to wait for a dividend are the judge with S6OO on deposit and Davies with $57.56 to his credit. Christmas savings funds, certificates of deposit and savings accounts representing life time effort and self denial are all tied up in this crash. Officers of the bank are: President, Frank S. Owens; vice president, John T. West; secretary and treasurer, C. W. Mcßeynolds; cashie\ O. J. Delon. They with the following comprise the directorate: , J- J." Helmuth, George Becker and T. W. Underwood. All the directors with the exception of Owens and Lelon are farmers. Was Klan Depository When the Klan was at its power, height, the American Trust Company was the depository for all I Klan funds, in addition to taking r care of personal accounts for most of the Klan members. W. H. Arnold, the former president, has personal paper in the bank amounting to about $50,000. Most of this is secured by Florida real estate. He owns eighty shares of stock, the par value of which was SIOO a share. Arnold also is surety on a vast k emount of other paper issued by ■members of his family. I Owens has admitted that most of

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it was “accommodation paper.” Although refusing to divulge what the preliminary check of the books has shown to date, Herron said he would leave no effort unturned to obtain every cent possible for the depositors. Herron Refuses Comment Herron refused to comment on Davies’ part in obtaining State funds or the bank and the interest alleged to have been paid him, although he did not deny that the books showed such transaction. Why the Davies bonus payments were not discovered by the State banking department in previous audit has not been explained. Mr. Davies was not at his Indianapolis office today. Efforts to reach him by long distance telephone at his home in Burlington and his Kokomo office were unsuccessful. 13-YEAR-OLD YOUTH HELD IN AUTO THEFTS Theft of several other autos was admitted by a 13-year-old boy when Sergt. Patrick O’Connor and squad arrested him in an auto, property of Ed Owens, Plainfield, stolen from Georgia and Illinois Sts. Marion Quilter. 17, of 636 \k S. Missouri St., implicated the boy, admitting taking part in some of the thefts, O’Connor said. Earlier Friday evening they had stolen the auto of George Whitall, Clinton, Ind., from Senate Ave. and Market St. and later abandoned it. Wednesday night they said they stole an auto here, drove it west of Terre Haute and deserted it when the gas supply became exhausted. They stole another car in Terre Haute and drove it here, leaving it at Kentucky Ave. and Georgia St. SIX GIVEN CITIZENSHIP Seventy-five applicants for final naturalization papers appeared Before Judge Robert C. Baltzell in Federal Court today. Judge James M. Leathers, in Superior Court One, Thursday granted citizenship to six persons Those admitted and the countries from which they came were: Harold Neilsen, 733 E. Twenty-Third St., from Denmark; Sam Toledano, 1146 S. Illinois St., from Turkey; Hyman Barnett, 909 Maple St., from Russia; George Nauom, 514 W. Court from Greece; James George, 1443 Laurel St., from Greece, and Mary McKeon, 337 N. Elder St., from Ireland. They were given American flags by woman’s auxiliary members of the Sons of Union Veterans and the Woman’s Relief Corps.

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McNay, Former Klan Titan, Says He Has 25 Years Experience for City Job. Who said Robert F. McNay, the former Klan grand titan, who today becomes municipal garage superintendent, doesn’t know anything about the automobile business? His answer is: "Competent? Say, listen, when it comes to competency that’s something I ain’t anything else but. I guess I know as much about the automobile game as any one else. “I started in the automobile business in 1902. That's twenty-five years ago. Why, I was Henry Ford's first authorized agent in Indianapolis. Operated Garage in Brazil "I was with the American company back when they built that low underslung car and ‘Howdy’ Wilcox and I worked in the Indiana garage. That was in 1906. That place is torn down now. “I was a driver for Thomas Taggart one time. Later I was connected with the game in various ways and for eight y-ars I operated a garage in Brazil, Ind. “I know every phase of the auto game. I know some of those guys are sore because they didn’t get some of their relatives in the job. He’ll Earn His Money "When I take over that garage it’s going to be run right. There’s plenty of work there for anybody. And since I know something about this business I’m going to do it up right. “When they pay me $3,000 for that job I am going to do enpugh work to collect that easily. ’ The job, if done right, is worth that much.” “And, getting back to the business, I’ve worked on every part of an automobile there is. I know springs, generators, and I can build batteries from the bottom up.”

PRETTY RIBBON FOR CAL Nifty Pince-Nez Replaces Familiar Horn-Rimmed “Specs.” WASHINGTON, Oct. I.—President Coolidge has adopted the dis-tinguished-appearing pince-nez in place of his old horn-rimmed glasses. Appearing here at the opening of the telephone line to Mexico late Thursday, he wore his new springequipped spectacles attached to his lapel by a black ribbon. Usually he has worn regulation tortoiseshell glasses.

Files Death Suit Bit Times Special RUSHVILLE, Ind., Oct. I.—Frank Hunter has filed a suit in Rush Circuit Court here to have his son, Earl Hunter, declared legally dead in order to collect an insurance policy of S6OO. The father sets out that his son has not been heard from since 1919. Indiana Pecans Short Bit Times Special MT. VERNON, Ind., Oct. I.—The pecan crop in southern Indiana will be about 40 per cent of normal this year, but this is larger than the extremely short crop of 1926, local commission men point out. Hickory nuts are scarce, but walnuts are plentiful. Hospital Given Library. Bn Times Special COLUMBUS, Ind-, Oct. I.—Dr. George T. Mac Coy, dean of the medical profession in Bartholomew County, has given his library of more than 100 volumes to the county hospital here. He practiced in the country fifty-five years.

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PINT OF GIN IN HOME BRINGS LIFEJNPRISON Hard Labor Is Compulsory Under Sentence Provided by Michigan Law. Bn Untied Press LANSING, Mich., Oct. I.—Because he had a pint of gin in his home, Fred Palm, 29, Friday started to spend the rest of his life at hard labor in the State Prison at Jackson. He was the first man in whose case violation of the liquor law was construed as a felony for tlje purposes of Michigan’s new criminal code, which went into effect twentyfive days ago. The code, modeled on the New York Baumes’ laws, makes a life sentence mandatory after a fourth conviction of felony. Though Patfn had given the police plenty of trouble, he never was regarded as a desperate criminal. Most of his offenses were against the prohibition act. He is a married man.

Pleads Guilty to Charge last two offenses were linked. Arrested in July for the transportation of liquor, he skipped his $5,000 bond after arraignment. Police received word last week that he had returned and when they went to his house to arrest him, the officers found the pint of gin. He pleaded guilty to the transportation charge and was sentenced by Judge Leland W. Carr to a term of from six months to two years. He was arraigned immediately on the charge of possessing a pint of gin and again pleaded guilty. Judge Carr questioned Palm as to his previous offenses, evidence of which was submitted by the prosecutor. Palm admitted them all, though the judge warned him that he faced a life sentence. Convicted Seven Times , Palm had been convicted five times of felonies in the Ingham County courts. He also served a term in Leavenworth penitentiary for counterfeiting and a short term for a misdemeanor. “Have you anything to say why sentence should not be pronounced?” the judge asked. Palm shook his head. “The sentence of this court is that you be confined in the State prison at Jackson at hard labor for life,” the judge said. VILLAGE CHARACTERS CARVED IN MONUMENT Swedish Artist Plays Prank on Neighbors of Town, Itii I nil,-l Press HELSINGBORG. Sweden, Oct. 1. —By a woman artist’s prank, the faces of prominent living citizens of Helsingborg have been carved as astronomical figures on a monument unveiled here to the memory of the seventeenth century astronomer, Tycho Brahe. When, at the command of the Swedish Crown Prince, the celestial globe, surmounting a fountain, was unveiled, the spectators recognized the architect, G. W- Widmark as the Bear Driver, the editor of the local newspaper as Perseus, the chairman of the aboard of aldermen, as the Waggoner, while the sculptress of the figures, Miss Astrid M. Aagesen, had carved a potrrait of herself as the Vigin. Other notables of the town have been immortalized as the Centaur, Hercules, etc.

FIND CIVIL WAR BONES Skeleton of Union Soldier Bared in Atlanta Building. Bn United Press ATLANTA, Ga., Oct. I.—The bones of a Union soldier who probably fell at the battle of Atlanta, sixty years ago were unearthed here when workmen were excavating for anew school building. The bones and a part of the uniform were found under an oak tree. The skull and teeth of the skeleton were in an excellent state of preservation and the uniform buttons bearing the insignia of the United States made it highly probable that the spot was the resting place of a Union soldier. The bones have been sent to the city hall to await orders from the War Department, Soviet to War on Illiteracy By United Press MOSCOW, Oct. I.—With 7,000,000 rubles alloted for this purpose, the state will build 750 primary schools in central Russia this year, to fight illiteracy among the peasants, according to plans of the educational commissariat of the Russian republic. Marion Jeweler Honored Bn Times Special MARION, Ind., Oct. I.—Ralph Roessler, local jeweler, was elected a regional vice president of the National Retail Jewelers’ Association which closed its 1927 convention at Milwaukee, Wis., Friday.

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City Pastor Has Praise for League of Nations

Bulwark Against War, Is Wick’s View; Mussolini on Volcano. “The League of Natons is the bulwark holding back the flood of war from the world,” said Dr. Frank Scott Corey Wicks, D. D. pastor of All Souls Unitarian Church, who returned Friday from Europe, where he attended the International. Congress of Religious Liberals at Prague as ..a delegate of the Unitarian Church. “More piles of war materials are waiting to be ignited now in Europe than before the war,” he said. “And we are in Europe neck deep. Millions of European-invested American capital make our interests identical. Our great financial interests will not see these millions jeopardized.” Dr. Wicks sailed from New York July 18, on the S. S. Conte Rosso. He addressed the leading Nationalist church of Czecho-Slovakia at Prague during his ten-day stay, and he and his and daughter. Miss Coryenne Wicks were made honorary members of the church. “I saw anew Italy,” said Dr. Wicks, “with order, safety and industry everywhere under the iron hand of Mussolini. Individual liberty is gone; each man is but an instrument for production in the service of the state. In the background is tyranny and violence, a fearful price to pay for order and prosperity. “In Rome I witnessed the pageant when the King of Italy entertained the King of Egypt. The one is a king in name only, the other a king by the grace of Great Britain. There was little cheering and waving of handkerchiefs. “Suddenly there was a burst of shouting, an excited surging of the crowd, as a plain black car drove past. In one corner, almost hidden, sat the real ruler, the creator of a new Italy. Mussolini. And behind him marched his power, a thousand or more men in black shirts with guns on their shoulders and revolvers at their sides. “At Naples I witnessed the rare

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eruption of Vesuvius,” said Dr. Wicks. “Is Italy a Vesuivis? History seems to teach that suppression always is followed by violent reaction, and Italy may gather forces which may erupt violently and overwhelm what Mussolini has created. “Much as every American must hate despotism, even when it is benevolent, I pray that there will j be no revolution in Italy, but rathler peaceful evolution into a real democracy,” he concluded. Dr. Wicks preached in Norwich, England, and he and his family were entertained by Ralph H. Mot- ■ tram, author of “The Spanish Farm.” A ten-day automobile trip | through the isles concluded his stay | in Europe. The London Daily Mail carries a ; daily paper on the S. S. Caronia. i and Dr. Wicks read wireless accounts of the Dempsey-Tunney fight and the trial and conviction of j Mayor John L. Duvall. PLANTS SEED FROM AIR Plane Used by Oregon Rancher to Sow Grass. B?t Vttifrtt Prr*B MEMFORD, Ore.. Oct. I.—The farmers of this fertile southern Oregon region must be up-to-date. Judging from the act of one of them in using an airplane to plant grass seed. Harold Saunders, a rancher and airplane owner, recently planted ten acres of land to winter blue grass, using his airplane. This grass, peculiar to this country, grows from a bulb and it is tossed on the ground and left to mature in the winter and : spring. The ten acres were seeded in a few minutes.

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Sunday School Lesson

The International Uniform Sunday School Lesson for Oct. 2. The Courage of Conviction. I Kings, 18:30-39. BY WM; E. GILROY. D. D. Editor The Congregationalist Elijah stands as a striking and picturesque figure in Israel in a time of great spiritual unsettlement and danger. Backgrounds of the picture are often somewhat obscured and lacking in detail; it is a period of the history of Israel of which we lack exact historical knowledge and concerning which there had apparently gathered many traditions; but in its great essential verities, in the power of its contrast between good and evil, and in its supreme emphasis upon decisiveness in character and conviction, the story is both ample and clear. Israel was facing the problem of contacts with surrounding peoples whose religious life was idolatrous and corrupt. Without going into details it may be remembered that much of the religion of the peoples with whom Israel came into contact was associated with immoral rites and practices. Whether this came through the corruption of an earlier and simply sincere religious feeling or whether it was simply a perversion of the religious instinct makes little difference in the actual effect. To Sustain Morality Much of the religious strictness and ritualism in Judaism had been developed with the manifest purpose of establishing and perpetuating sound morality. The "worship of heathen gods,” meant for Israel sheer moral lapse, a letting down of their standards. It was for this reason that leaders like Moses Joshua and Samuel, and now Elijah with belief in a personal God, set themselves sternly against idolatry and - sought with such intensity to keep the religion of Israel free from contaminating influences of surrounding people. In the time of Elijah the struggle to maintain the integrity of the religion of Israel had been seriously aggravated by the influence of a powerful queen. Jezebel, who seemed to be the ruling power behind her husband, King Ahab. Jezebel was a woman of great intensity as well as of ab’iity. Deeply devoted to the worship of Baal, she had determined with all a woman's persistency to establish the worship of Baal in Israel. Here was Elijah’s opportunity. Upon him devolved the full burden of leadership in Israel. It was a dangerous as well as a responsible task. And in the winning of hia cause, Elijah so spent all his strength and moral energy thgt he was left exhausted and discouraged, seeking a refuge in the wilderness' and longing to die. Had to Be Reminded Elijah had confidence in the power of God, but he lacked the power to estimate rightly the godly forces that operate in human life. It was necessary for the Lord to remind him, when he complained that he only was left the faithful in Israel, that there were 7,000 who had not bowed the knee to Baal. Elijah’s mistake has hem a very common one, even on thu part of very conspicuous religious leaders. Such men, engrossed in theology and in their own ecclesiastical plans and purposes, have had a

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strange fashion of under-estimat-ing the real good in humanity. A Master of Ballols once said that the greatest church In these days is the church outside of the churches. While that is an exaggeration there is a fair amount of truth in It. It is always well to appreciate not only the power of God, but the power that God has placed in men. His Challenge Outstandingly, however, in this lesson is the great challenge of Elijah for men to declare themselves. He wants no futile compromise, no amiable and good-natured indifference, no willingness to be compliant to the powers that have the upper hand at the moment. The moral challenge of life is clear and decisive: “If the Lord be God, follow him; if Baal, then follow him.” Can any one doubt that uch moral and spiritual crises are present in every age and come in the life of every man? It is this fact that gives the ancient story of Elijah its significance for life today. It is of little use to read the story ol his courage and decisiveness unless our own moral fiber is strengthened and anew spirit of determination is brought into our lives. To be what one ought to be and to do what one ought to do with decisiveness is the secret of great living and of noble accomplishment. Moreover, it is the secret that every man, no matter how small his abilities and how great his fear, may discover for the enriching of his life. COURTFREES NURSE Dismissed in Death of Rector’s Daughter. By United Press ENID, Okla., Oct. I.—Charges | of murder filed against Mary Atkinson, nurse, in connection with the death of Mary Jane Bailey, daughter of an Enid rector, were ordered dismissed Friday by David Fogelsong, Justice of the peace. The case against Miss Atkinson collapsed when examination of the dead girl’s body failed to show any trace of poison. ORDER MERIDIAN WORK Flans for Widening Street Adopted by Park Board. Plans to widen Meridian St., between Sixteenth St. and Fall Creek from 36 to 50 feet were adopted Thursday by the park board. The board of works has adopted a resolution to widen and resurface the street from Fall Creek to Thir-ty-Eighth St.

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