Indianapolis Times, Volume 39, Number 200, Indianapolis, Marion County, 29 December 1927 — Page 3
'DEC. a /1927
BROKER SCORES STOCK PLAN OF CITY GAS FIRM State Commissioner Hears Plea: Byllesby Hand Seen in Move. Reluctance of the Citizens Gas Company to cn <?rtain a bid of Gavin L. Payne Az Cp, investment securities, on its contemplated 51,000,000 preferred stocM issue, was interpreted today as ja continuation of its effort to remain beyond the control of H. M. Bylleiby & Cos., large eastern utility operators. Gas company 'officials were subjected to sharp criticism by Payne for not having submitted the new stock issue to competitive bidding when witnesses were /heard before the public service commission this morning. Draws Sharp Retorts Payne, who has represented the Byllcsby company in previous efforts to acquire controlling interests in the local utility’s common stock, drew heated retorts from Gustav A. Efroymson, gas company treasurer, and Henry H. Hornbrook, director and counsel for the utility, in taking the company to task for its action. No mention, however, of the Byllesby company was made in the discussions. Payne contended he had been ignored in the bidding and declared Ids firm would pay "at least par" for the issue, as compared with the 97 bid of the Union Trust Company, and 96 by the Fletcher American Company. Payne produced certified checks for $50,000 which he offered to post as a guarantee that if competitive bids were received and opened in the presence of bidders his firm would bid at least par and dividends. Claims Good Faith Offer Stating the position of the gas company. Efroymson said: “We tried to And the best price wc could get. In good faith we have entered into contract with the Union Trust Company for the sale of this issue, subject of course to the commission's approval, and wc would like to go through with it.” Commissioner Howell Ellis, in charge of the hearing, reminded Efroymson that such a tacit agreement or contract would have no bearing upon the commission's decision. John W. Holtzman, corporation counsel, expressed his confidence in gas officials and said he believes they are working in the best interests of the company, but that Payne's higher offer for the stock should be accepted, with commission approval, for it would save the company approximately $30,000. j Board Barked Directors Rumors t/iat the gas company directors had acted without the consent of their board of trustees was set at rest when Lucius Swift, a trustee, said the board was satis- i Aed with the directors' action. Ellis said at conclusion of the hearing it is his desire to have the matter decided "as early as possible.” Commissioners John W. McCardle and Harvey Harmon sat with Ellis, but took no part. Ellis frequently found it necessary to quiet outbursts between Payne and Hornbrook. The gas company is seeking authority to issue $1,000,000 (5.5 per cent) preferred stock that would replace tho outstanding issue bearing 7 per cent. The utility asked a 5 per cent margin for Anancing charges and it was this feature that precipitated today's objections, because of the evident merit of the securities. Payne's offer was indication that financiers believe the issue to be marketable at par or higher. Costs of the company’s refinancing plan, it was said, would amount to approximately $102,500. Retirement of its present preferred stock at a call price of $lO5 a share would cost $50,000 and a 5 per cent Anancing margin on the new stock would add another $52,500.
SECRETARY SPEAKS AT INTERRACIAL MEETING Better Relations Between Negroes, Whites Is Group’s Aim. Growth of interest in interracial relations was shown by James D. Burton, interstate secretary in charge of this work for the Central Association of Colored Women, this afternoon at the second meeting of the first biennialsession at the Negro Y. W. C. A. Burton, who havS supervised work in Tennessee, Alabama and Missouri, told of the success of the effort to better the relations between white and Negro races. Other speakers were Miss Meta B Pelham, custodian of funds for the Frederick Douglas Home, the national memorial cf the associaiton in Washington, and Mrs. Grace Evans. x*ho advocated the ownership of the State club houses. During the morning session reports of the officers and committee Chairmen were read. Mrs. Minnie M. Scott, president, announced her new appointments for the coming year. The meeting tonight will be at the -Second Christian Church. Pratt and Jamp St-3. Mrs. Joan Snowden. Mrs. 6cott and Mrs. Sallie W. Stewart will speak. CHURCH CLUB ELECTS Charles Cherdron to Head Group of Central Cniversalist. Charles Cherdron was elected president of the Mens' Fellowship Club of Central Universalist Church at the annual election and "ladies' night” meeting Wednesday night. Oscar Vogt was chosen secretarytreasurer and William Devine, vice president. The Rev. L. J. Chase and Mrs. Chase, Galesburg. 111., related experiences of their retent trip abroad.
Youth on Trial for Life
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The opening of the trial of Harry D. Hill, 22, at Ottawa. 111., is pictured above. Hiill, indicated by the arrow, is charged with the murder of his mother, whose body was found in the basement of the Hill home at Strer.tor last August. Defense Attorneys A. H. Shay and R. C. Osborn are to Hill’s left, while at right is Lee O’Neill Browns, also of defense counsel. State’s Attorney Hanson and Special Prosecutor Andrew J. O’Conor are to the left in the rear.
Harry D. Hiill, on trial at Ottawa, 111., for the murder of his mother, is pictured at the top. Below is Judge Joe Davis, before whom the youth is being tried.
SEND MORE AID TO SOB WRECK No. 3 Head—See Puzzle Telephone Lines for Use in Water Are Dispatched. L’.n I nitrd Press WASHINGTON, Dec. 29.—Several new' telephone lines, with underwater cables designed for use in cold weather, will be sent soon from the Washington navy yard to the wreck of the submarine S-4, the Navy Departmnt announed today. The new telephone lines will enable divers to work under water unhampered by bad communication with the surface, the Department explained. They were developed following difficulties with such apparatus at the WTeck of the S-51. Rear Admiral Brumby, salvage chief at the scene, advised the department last night that a second tunnel for fastening a hoisting line had been washed under the S-4. Brumby called for more divers, and the navy replied it would send four at once. LODGE LEADER IS ILL Mrs. Nettie Ransford, leader for many years in Order of the Eastern Star activities in Indianapolis and Indiana and at present grand secretary of the Grand Lodge, ’s seriously ill at her home, 509 N. Illinois St. Weakness of the heart followed an attack of bronchitis several weeks ago. Because of her advanced age physicians and friends regard her condition as grave and doubt if she will recover. Mrs. Ransford is 89. Coolidge, King Exchange Greetings Pel United Press WASHINGTON, Dec. 29.—President Coolidge and King Albert of the Belgians today exchanged New Year greetings for the happiness and prosperity of the two peoples. REFINANCE YOUR AUTO PAYMENTS now on easier terms. Confidential and quick. CAPITOL LOAN CO., 141 E. Wash. St.—Advertisement.
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ADAMS AND GURLEY PUT ON HONOR ROLL
‘The Nation’ Selects Indiana Editors, in Paying Its Annual Tribute. Thomas H. Adams, editor of the Vincennes Commercial, and Boyd Gurley, editor of The Indianapolis Times, are nominated on the “Honor Roll for 1927” by the magazine,! "The Nation,” in the current issue. I The magazine each year, with the I aid of readers, selects outstanding men in various fields of public endeavor for honor upon this list. The Indiana editors are listed thus: Thomas H. Adams, editor of the Vincennes (Ind.) Commercial, who, beginning almost single-handedly, roused his State to deal with the bestial corruption that had usurped l its government. Gurley Paid Tribute Body Gurley, editor of The Indipanapolis Times, who carried to effective completion the brave work that Adams began. Others in the journalistic field honored on the nation’s list: The Springfield (Mass.) Rcpub- j lican, for daring, in the heart of Massachusetts, to expose the class i prejudice of the President of Har- j vard University. Don H. Mellett, editor of the Can-! ton (Ohio) Daily News, whose campaign against the criminal element of his home city brought him national honor, too late, and death. J. B. Powell, editor of the China Weekly Review of Shanghai, China, who maintained the American tradition of fair play in an un-American community despite overwhelming business pressure. Victor H. Hanson, of the Birmingham* (Ala.) Age-Herald and the Montgomery Advertiser, for the superb service rendered by those dailies to the effort to purge Alabama of organized lawlessness connived at by high authority. The nominations in other fields: Inevitably and outstandingly first in the 1927, defying all classification and description, stands Charles August Lindbergh. Literature Charles A. Beard and Mary Beard, for continuing, in “The Rise of American Civilization,” to reveal to the United States its own human past. Ernest Hemingway, for the artistic honesty of this fourth volume of fiction, “Men Without Women.” Edwin Arlington Robinson, for “Tristram,” a book which proves that poetry can be both good and popular. Mark Sullivan, for showing us, in “Our Times,” that it is possible for a middle-aged generation to look upon itself with the perspective of youth. Carl Sandburg and Sigmund Spaeth, for writing in “An American Songbag,” and “Weep Some More, My Lady,” the history of America through the words of her old songs. Drama Eva Le Gallienne, for intelligence | and resource displayed in maintain- , ing a repertory theater. Moran and Mack, for the creation of anew folk character. Eugene O’Neill for “Marco’s Millions” and “Lazarus Laughed,” two enduring additions to America’s dramatic literature. Gilbert Miller, for bringing Max Reinhardt and his company to the United States. The Theater Guild, for the beauty and originality of its production of "Porgy.” Music Deems Taylor and Edna St. Vin-
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THE INDIANAPOLIS TIMES
cent Millay, for the creation of “The King's Henchman,” a long step forward in the production of American opera. Yehudi Menuhin, for proving that musical genius of the highest quality still lives in this mechanical age. Marcella Sembx'ich, for fifty years of devoted unselfish service to the musical art and a life-long aid and inspiration to struggling musicians the world over. Art Jacob Epstein, for the strange beauty of his extraordinary creations. Science The hundreds of workers In a score of laboratories who, step by step, have been carrying telephotography and wireless telephony from the realm of the miraculous into the domains of everyday utility. Business Henry Ford, for creating Model A and teaching the advertising experts what national advertising can be. The Cause of Justice William G. Thompson, Felix Frankfurter, Aldino Felicani and Mrs. Gl6ndower Evans, who spent themselves in the effort to save their Commonwealth of Massachusetts from the blackest stain in its history. Attorney General McCall of Alabama, for his determined efforts to stop Klan outrages in a Klanridden State. Public Service Abroad Dwight W. Morrow, who, leaving one of the thrones of the banking world for a minor seat in diplomacy, applied his dramatic imagination to the creation of friendship, and gave new meaning to the phrase “Ambassador of Good Will.” Will Rogers, for serving as Assistant Ambassador to Mexico. Public Service at Home Senator George W. Norris, for abusing, and earning the abuse of, Mr. Hearst. John Collier, secretary of the American Indian Defense Association, for his fight in behalf of the first Americans and his respect for the more ancient American culture. Senator James A. Reed, for his exposure of the degradation of Pennsylvania and Illinois. Upton Sinclair, for the courage and imagination with which he combatted the pruderies of Boston. Carlo Tresca, who repeatedly risked his own life in his successful effort to save fallow Italian-Amer-icans from the ,o.'g arm of Fascist vengeance. Hcroi: m Nicolo Sacco rnd Bartolomeo Vanzetti, for the calm, uncompromising, yet forgiving spirit in which they faced a frock-coated lynching. I. W. W. ‘CLEANED UP Vigilantes Take 49 in Custody On Health Charge. P.u United Press TRINIDAD, Colo., Dec. 29,—For-ty-nine prisoners arrested by a vigilante committee that raided and closed the I. W. W. Hall here will be arraigned today on charges ranging from vagrancy to violation of a city health ordinance. The vigilante raid took place when health officers ordered the I. W. W. hall cleared after the men used it as living quarters. The demand was not complied with. The Trinidad jail was jammed to capacity by men arrested in connection with clashes with police last week.
DALLES’ PLANS TO CHANGE OIL LAWmOVED Better Relations With U. S. Predicted as Senate Passes Measure. Vi> Unit'd Press MEXICO CITY, Dec. 29.—President Calles’ petrolei m proposals (ailing for revision of articles in the oil laws which womd make them agreeable to American oil companies. were passed by the Senate at a late night session. Wednesday. The amendments, which eliminate objectionable features against which the Americans so vigorously protested, were passed by the chamber of deputies, Wednesday. This means that the revisions will become law as President Calles naturally will sign his own proposals. It is believed here that the President's proposals will eliminate the retroactive and confiscatory parts of the present oil regulations. Representatives of American companies believe passage of the revisions may wipe out existing oil difficulties between the Mexican government and foreign petroleum cmnpanies. These representatives n&ted especially that the new acts will extend time for confirmation of property rights to one year from the date of publication of the revised measures. On Nov. 17, the Supreme Court ruled ih the case of the Mexican Petroleum Company, American corporation, that certain features of articles 14 and 15 were objectionable and possibly unconstitutional. This upheld the contention of the company. Subsequently President Calles took action to change the objectionable provisions. RANSACK CLOSED HOME Mrs. Robert Moorehead. Apt. 206, 2010 N. Meridian St., heard a crash of glass Tuesday night, but paid no attention, she told police. Late Wednesday she noticed a window at 2016 N. Meridian St., the home of Maj. Gen. Robert Tyndall, broken. Police found all drawers and cabinets in the Tyndall home ransacked. Tyndall's antique room, where many guns and other war relics were stored, also was ransacked. but no one was able to determine the loss. The Tyndalls are in Florida, police learned.
Tomorrow TheYear-End E.O.M. Follows a Cteeat Christmas Season With Hundreds o£ Values Throughout the Store EVERY E. O. M. Sale at Ayres’ is a great monthly clearance, rich in desirable bargains. But the particular E. O. M. which marks the end of the year as well is outstanding in this respect. Coming immediately after a period of great activity, its job is to clear from our stocks the thousand and one remnants accumulating from that tremendous business. To that end, every department piles its counters high and drastically reduces prices. It’s a great opportunity to get things you want and need —and pay lowest possible prices. So varied and so numerous are this year’s offerings that a complete listing is impossible. We limit ourselves, therefore, to a general listing and to this assurance of variety and value. L S. Ayres & Company
Wilbur at S-4’s Grave
Pw| if.
He decided to proceed as fast as the weather permits with the raising of the sunken S-4, did Secretary of the Navy Wilbur after this conference at the ill-fated submarine’s grave off Pvovincetown, Mass., with the directors of the salvage operations. Next to the secretary on the deck of the mine-sweeper Falcon stands Rear Admiral Charles F. Hughes, Commander of the Fleet; then Rear Admiral Frank H. Brumby, chief of raising operations, and Lieut. Com. Edward Ellsbcrg, submarine expert.
SET JUDGE’S FUNERAL Rites for Fred McCallister Will Be Held Friday. Funeral services for Municipal Judge Fred McCallister will be held at the home, 3834 Byram Ave., Friday morning at 10 a. m. Burial will be in Shannondale cemetery, Montgomery County, near the farm where he was bor. 52 years ago. Judge McCallister shot himself at his home Wednesday morning. .The family attributed the tragedy to financial worries and disappointment because he had learned he was not slated to be reappointed municipal judge Jan. 1, when Ills term expires. Memorial services will be held at 10 a. m. Saturday in Municipal Court Two, over which he presided before his death, by the Indianapolis Bar Association, president Emsley W. Johnson announced to-
■ day. Speakers will be Ira M. j Holmes, Earl Cox, Charles Welliver | Oren Hack and Martin Hugg. 0. K. ON UTILITIES SALE Approval of the purchase at arcI ceiver’s sale of the property of the ; Mid-States Utilities Company, by | the General Utilities Company has | been granted by the public service commission. The sale was made according to the terms of a recent court order which authorized the issuance of $150,000 in preferred stock by the General Utilities Company to be exchanged for preferred stock in I the Mid-States company, the issuance of $65,000 in notes to liquidate the debts of the latter concern; and the issuance of $75,000 in common stock, of which only twenty shares may be sold. The remainder to be retained until further orders of the commission.
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FIND NO TRACE OF LOST PLANE No. 3 Head- 8 Puzzle—— Destroyers Continue Hunt for Mrs. Grayson. Uii l nitfd Press BOSTON, Dec. 29.—N0 trac# of ! the missing airplane of Mrs. Francis W. Grayson had been found as the : search of the waters near Sable fsland was completed, the destroy - jer Sturtevant radioed to the Charlestown navy yard today. > The message from the ship, which j was engaged in the search for the I missing amphibian plane, The ‘Dawn, read: “The destroyers and coast guard vessels have completed their search l in all waters south of latitude 44 I degrees within a radius of seventy miles of Sable Island. “The coast guard boats are x---j tending the search to southward Thursday, while the Sturtevant and ! Mahan will sweep to eastward and northward of the island.” FIGHT TO SAVE BOY BY ‘PUMPING’ IS NEAR END Texas Youth, Shot in Spine, Kept Alive by Artificial Breathing. | Pm United Press HOUSTON. Texas. Dec. 29.—Milton Rush, 16-year-old high school boy, who has been kept alive by artificial respiration for more than 110 hours, was expected to die within a few hours, physicians reported ; today. The youth suffered an accidental | gunshot wound in the spine last Saturday, causing paralysis. Boy Scouts, members of Milton's troop, 'pumped air into his lungs throughout the four days following, by alternately raising and lowering his arms. /V/ I niti and Pri • OCON TO. Neb . Dec. 29.—Because l her home was not large enough to I hold all ner friends, funeral of Alma 1 Overgard, 16-year-old paralysis vlcI time, will be held in a theater here i today. Miss Overgard died after I friends had kept her alive for thirty-six days by artificial respiration. Start Paris Africa Flight LE BOURGET AIRDROME, Paris, Dec. 29.—Three airplanes began today an official flight to French West Africa. Among those making the tour were Major Gaurat, deputy j Proust and M. Poinsot, admlnlstra- ; tor general for the colonies. Perpignan will be the first stop along ' the route.
