Indianapolis Times, Volume 39, Number 147, Indianapolis, Marion County, 28 October 1927 — Page 10

PAGE 10

OIL TRIAL WILL TAN HIGH-PRICE HIDES_ONCOAST Usury Charges in Julian Cos. Scandal Case Will Hit Business Leaders. LOS ANGELES, Oct. 28.—A list of defendants that reads like a page from this city’s who’s who will face trials this winter in connection with the $20,000,000 Julian Petroleum Corporation swindle. The fog of the West’s most amazing scandal has cleared, revealing the following: Felony complaints charging conspiracy against thirty-three prominent Los Angeles bankers, brokers, realtors and one former Judge. Included in the list are the two bright young promoters, “Judge” S. C. Lewis of Texas and “Ponzi” Jacob Berman of New York, who, with the help of the prominent bank directors and others, floated stock sales, pools and loans against the ill-starred corporation, and who on their own account are charged with issuing unauthorized stock up to $20,000,000. Many Others in Trouble Misdemeanor charges against 133 lesser financial giants, sworn to by City Prosecutor E. J. Lickley, alleging usury in connection with pools and loans. Lickley says the average rate of interest collected was 400 per cent. The legal rate is 12. Some 35,000 stockholders of good and bad shares filing claims against the new California Eastern Oil Company reorganized to put the Julian firm on its feet. Receivers H. L. Carnaham and Joseph Scott announce that this corporation has assets of $23,000,000 and debts of $12,000,000 and, for the first time, is emerging from the red. The stockholders may collect from 10 per cent to 30 per cent of what they paid for the stock. Won’t Pay Back Carnahan, Scott & Lickley, seeking to force return of usurious interest money, have found that the money-lenders prefer the disgrace of a trial to disgorging, and out of $8 ,000,000 usuriously collected only $500,000 has .been returned to the receivers. To get some operating capital to operate the company’s eighty-two

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Common Law Widow?

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Mrs. Ann M. Gowans of Chicago, formerly Ann Remus of the chorus in “Kid Boots,” dropped into probate court at Cleveland, Ohio, to declare she is the “common law” widow of the late Alfonse H. Morgan, wealthy head of a lithograph company, and to claim part of his estate. Her marriage to Morgan, she said, was without church ceremony, and was kept "reasonably secret.”

wells, the receivers contemplate a $3,000,000 bond issue. “Whitewash?” exclaimed Lickley. “I’ll say not. Regardless of what the district attorney does, I’m going to prosecute every mother’s son of these usurers to the limit. There will be some very expensive hides tanned in this town this winter.” MUSSOLINI SETS PRICES Retail Charges, Rentals, Loans of Banks Fixed by Government. ROME, Oct. 28.—Under anew Mussolini rule, stores in Italy are compelled to offer their .wares at prices fixed by the government. Landlords must stick to fixed rentals. (fc Farmers are held to harvesting and sale of their crops even at a loss. Bank loans are refused or forced on government orders and at interest rates prescribed regardless of normal financial standards^

EDUCATED, DON’T WED British Women, College Graduates, Find Men Afraid of Them. LONDON, Oct 28.—British university women graduates do not marry readily. Only one in twenty of the women who have gone through colleges in the past seven years is married now. Asked why, many of them say that education has led them to demand more in a m&n than they are able to find, and that men are afraid of educated women. More than 1,700,000,000 passenger journeys by train are taken each year in Great Britain. Men’s Work Socks 6c Men’s Handkerchiefs.... 4c Men’s Slip-On Sweaters. 69c Underselling Store

THE INDIANAPOLIS TIMES

STATE PARKS' VISITORS MAY MAKE RECORD 500,000 See 6 Playgrounds for New High Fall Attendance. More than 500,000 persons will have paid admission into the six Hoosier State parks before winter, Director Richard Lieber of the State Conservation Department estimated today. / “The fine fall weather has boomed attendance beyond any previous year,” he declared. “Last week 640 visited the Lanier home; 1,891 Turkey Run, 293 McCormick’s Creek, 2,231, the Dunes, and 3,111, Clifty Falls. Such crowds are recordbreaking for this time of year. New Roads Built Lieber accompanied the Conservation Commission on a tour of the State Parks in southern Indiana this week. They report thirty miles of road having been built by the Commission this year in Brown and Owen Counties, where 11,000 acres of land are owned. These are used as fire lanes for the lookouts, but have become attractive to many motorists, who make the forests picnic grounds. To Add Others Plans for better preservation of the old Statehouse at Corydon were discussed. At Bedford the citizens informed the commissioners that 1,400 acres might be donated to add to the park

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'Specs 9 Save Bu Times Soccial LEBANON, Ind., Oct. Brush Mcliityre isn’t a blind man today because he wore large spectacles. While filling toy balloons with hydrogen gas Thursday, a spark from a cigar he was smoking ignited one of the balloons and in turn twelve more exploded, inflicting severe burns on Mclntyre’s face, but his spectacles saved his eyes.

at Donaldson Cave, which is now in the making. Both this park and Tri-County park, Sullivan, Green and Clay Counties, will be added to the State string next year, Lieber said. Five more have been offered under the 1927 statute, which permits the commission to approve and accept such gifts. CALL GROCER MEETING Association Directors to Plan Organization Work Tonight. A large number of retail grocers heard plans of the Indiana Retail Grocers’ Association explained Thursday night at the Christmore Settlement house by Arthur A. Beckman, State secretary, and William H. Flanders, secretary of the local association. Flanders Invited all grocers to attend a meeting at 8 o’clock tonight at the Chamber of Commerce when the board of directors will announce a committee to assist the board in completing organization work.

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ROUND UP SUSPECTS IN ATTACK ON NEGRO Mt. Vernon Police Act After One Conviction in Live Torch Case. Bli United Press MT. VERNON, Ind., Oct. 28. Police are busy today rounding up Mt. Vernon youths who were implicated in an attack upon Henry Dimmett, 12-year-old Negro, by testimony of Ralph Storey, who Thursday was found guilty of assault and battery and sentenced to five months on the State farm and fined S4O and costs. Storey was changed with having seen one of a gang who poured gasoljr '•'ver the clothes of the Negr * -et him afire. Only the qro* * "'f passersby prevented *ng burned to death, it is said. The jury deliberated only fortyfive minutes before bringing in a verdict in the case. Storey acted as his own attorney, and in his effort to clear himself is said to have im- j plicated several other young men I living vicinity. Kills self by Shooting Bu Times ftvecial EVANSVILLE, Ind., Oct. 28. Robert Goodlet, 69, is dead here today, having committed suicide by

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shooting Thursday. He was a son of a mayor who served the city in its early days. Note Causes Divorce Plea Bu United Press _ . _ _ CHICAGO, Oct. 28.—Mrs. Pauline Carlstrome sued for divorce on

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THE PURITAN

OCT. 28, 1927

grounds of “mental infidelity" because her husband wrote to another woman during their honeymoon in Europe. The largest tree in the United States is the General Sherman in Sequoia National Park.