Indianapolis Times, Volume 40, Number 84, Indianapolis, Marion County, 28 August 1928 — Page 3

AU(i, 28, 1928_

STATE TO PROBE PROPOSED $70,000,000 POWER MERGER

18 UTILITIES OF INDIANA NAMED IN INSULL PLAN \ Service Commission to Hold Inquiry; Affects 280 K Communities. THOROUGH QUIZ NEEDED Public Hearings, Audits and Appraisals Outlined as Procedure. Preparations were being made today by Harvey Harmon, public service commissioner, for a thorough investigation into the proposed $70,COO.OOO merger of eleven power and transportation units of the Central Indiana Power Company, controlled by Samuel Tnsull, and seven like utilities controlled by the Terre Haute, Indianapolis & Eastern Traction Cos. Petition for the merger was filed late Monday.

With 280 communities in Indiana affected by the State’s largest utility deal, it will be necessary, to prepare for audits and appraisals of the properties involved and for public hearing in the communities interested. The Indianapolis Street Railway Company, according to the T. H. I. & E. attorney, Will H. Latta, who with James W. Fesler, of Fesler, Elam and Young, representing the Insull interests .filed the petition, will not be directly affected. The common stock of the local company will go into the merger, but its preferred stock, which controls, will remain in the hands of those controlling the street car company at present, Latta said. No apparent dissaisfaction of stockholders of the various companies involved has been reported. Statute requirements are that at least 75 per cent of the owners of each of the interested utilities must approve the merger plan before it •is presented to the public service commission for action. Involve Many Properties Properties included in the merger are: Holdings of the Central Indiana Power Company, which includes the Indiana Electric Corporation, Northern Indiana Power Company, Attica Electric Company, Wabash Valley Electric Company, Noblesville Water and Light Company, Indiana Gas Light Company, Colfax Electric Light Company, Moran Electric Light and Power Company, Mulberry Light and Power Company, Stilesville Electric Company, and the West Lebanon Electric Light, Heat and Power Company, and the holdings of the Terre *Haute, Indianapolis & Eastern Traction Company.

Holdings of the latter combine are common capital stock of the Indianapolis Street Railway Company, Terre Haute Traction and Light Company, Indianapolis and Northwestern Traction Company, Indianapolis and Martinsville Rapid Transit Company, Indianapolis, Crawfordsville and Danville Electric Railway Company, West Indiana Utilities Company, wfiich owns all rs the capital stock of the Brazil Electric Corporation. Combined financial status of the companies is placed at $77,554,542 which has been reduced to $70,000,000 so that the consolidation could be accomplished according to Halsey, Stuart Company, brokers handling the deal. Methods Outlined Methods of exchange and refinancing of the merged companies as set forth in the petition are: Both common and preferred stock of the Indiana Electric Corporation and the Terre Haute Traction and Light Company shall be canceled and retired, and: (a) For the outstanding common stock of Central Indiana Power Company, Indiana Electric Corporation shall issue in exchange its common stock without par value. (b) For each share of the preferred stock of Terre Haut°, Indianapolis & Eastern Traction Cos., Indiana Electric Corporation shall issue in exchange three-fourths of one share of its adjustment preferred stock. (c) For each ten shares of the common stock of Terre Haute, Indianapolis & Eastern Traction Cos., Indiana Electric Corporation shall issue in exchange three-fourths of one share of its adjustment preferred stock. i'd) For each share of the preferred stock of the Central Indiana Fower Company, Indiana Electric Corporation shall issue in exchange one share of its 7 per cent cumulative prior preferred stock. (e) For each chare of the preferred stock of ('■' Terre Haute Traction and Light Company, Indiana Electric Corporation shall issue in exchange one sh-re of its 7 per cent cumulative prior preferred stock. Stock Exchanges Detailed Approval of issuance of capital stock in the following manner is also asked: One share of its 7 per cent cumulative prior preferred stock in exchange for each share of the outstanding preferred stock of Central Indiana Power Company. One share of its 7 per cent cumulative prior preferred stock in exchange for each share of the outstanding preferred stock of Terre Haute Traction and Light Company Three-fourths of one share of its adjustment preferred stock in exchange for each share of the outstanding preferred stock of Terre Haute, Indianapolis & Eastern Traction Company. Three-fourths of one share of its adjustment preferred stock in exchange for each ten shares of the outstanding common stock of Terre Haute, Indianapolis & Eastern Traction Company. One million five hundred thousand shares of its common stock

She’s ‘Sweetheart’ of the V. F. W.

pf JhB(SBhBB fl 1/ / 9p|jjp ttjj* ‘ Nil ■■B iff, wm " aHr f

week I’m in love with -*• 20,000 men,” declared Miss Kittie Mulhall, Chicago, 111. (second from left), “sweetheart” of the Veterans of Foreign Wars during the annual encampment in Indianapolis this week.

without par value in exchange for all of the outstanding common stock of Central Indiana Power Company. The merger companies also ask approval of: Issuance by the Indiana Electric Corporation of $5,024,000 principal amount of 5 per cent forty-year bonds in exchange for an equal principal amount of bonds now outstanding of the T. H., I. & E. and issuance of $2,805,000 principal amount of 6 per cent bonds for outstanding consolidated bonds of the T. H., I. & E. Issuance and sale of $5,000,000 principal amount of 5 per cent thirty-year bonds to be sold at not less than 90 per cent and issuance of $8,745,000 par value of 6 per cent prefeired stock to be sold at not less than 85 per cent, the proceeds of both to be applied to the payment of $4,922,000 notes and "current obligations and for the making of improvements and extensions. Refinancing of the Indianapolis and Martinsville Rapid Transit Company, Indianapolis and Northwestern Traction Company and Indianapolis, Crawfordsville and Danville Railway Company. Agreement by the West Indiana Utilities Company and the Brazil Electric Company to sell and convey to the Indiana Electric Corporation all their property and assets in consideration of the surrender by the latter to them for cancellation of all the outstanding capital stock.

HOOVER OPENS NEWJFFICES Turns to Close Study of Campaign Problems. By Times Special WASHINGTON, Aug. flS.—Herbert Hoover for the next two weeks will devote himself to a serious study of the problems of the campaign and personally make decisions and participate in conferences relating to the campaign. He does not expect to leave Washington, even to make a Labor Day speech. Campaign leaders and advisers will come to Washington and lay before nim the situation in various sections of the country. To work undisturbed, Hoover is moving into a large house on R St., formerly occupied by the late Representative Louis Frothingham of Massachusetts. Here he will be surrounded by his personal staff and although it will be his personal office, it in reality will be the general headquarters of the Republican campaign. Hoover’s plans, although still uncertain, tentatively include a trip through the Middle West with speeches in stragetic cities.

FEMINIST GROUP JAILED Dudley Field Malone’s Wife Amoiis Ten Arrested in France. tU) United Press RAMBOUILLET, France, Aug. 2?. Police arrested ten world-famous feminist leaders today when they tried to storm the gates of the presidential palace here. ThJ women were attempting to get before the world peace plenipotentiaries, who were visitineg President Doumergue, their demand foi a universal granting of equal rights to their sex. Miss Doris Stevens, wife of Dudley Field Malone, the American lawyer was among those arrested. \uto Injuries May Be Fatal By 'tunes Sptcial LAFAYETTE, Ind., Aug. 28. James R. Johnston, 73, may die of injuries suffered when an auto driven by his son, Tom Johnston, Purdue University publicity director, collided with a truck four miles south of Greehtown. The son was dazed, his wife suffered broken ribs and their three children were less seriously injured. Grant County Fair Opens By Times Special FAIRMOUNT, Ind., Aug. 28. The annual Grant county fair opened here today to continue until Saturday. There will be a racing program daily.

“And I’ve been their sweetheart for five or six years now at every national encampment.” Kittie works at-the Chicago city hall. "Here’s three of my sweethearts with me now. The man on my right is James. E. Van Zandt,

SMITH IS GIVEN BIG SENOOFF New Jersey Throngs Cheer Al on Way Home. By United Press NEW YORK, Aug. 28.—Governor Alfred E. Smith returned here early this morning through lanes of oldfashioned "red fire” in New Jersey’s industrial cities, as thousands of Democrats of that State waved him farewell in a more colorful demonstration than any accorded him in his four-day visit. Throngs lined the streets, shouting enthusiastically, “Hello, Al.” They carried flaming torches so closely associated with politics of a past generation. Today the candidate turned his attention to the campaign in this State and other parts of the country. He conferred further with his New York lieutenants about his sneaking itinerary, which he expects to complete within another week. He will remain here tonight, leaving early Wednesday for Syracuse, where he will attend the annual “farm dinner” and will be the principal figure in “Goveror’s day” at the State fair Thursday. The Governor was pleased with his New Jersey welcome and State political leaders told him greeting proved he would carry the State.

NEW BRIDGE SUPPLANTS 100-YEAR-OLD FERRY Thousands Attend Dedication at Rogers Station Today. By Times Special ROGERS. Ind., Aug. 28.—With dedication here today of anew bridge across White River, making travel more convenient between Washington and Petersburg, a ferry service, in existence more than a century, will go out of business. It was licensed about 115 years ago by Pike and Daviess County commissioners. Albert J. Wedeking, State highway commission chairman, delivered the dedicatory address, which was heard by several thousand persons. Efforts to obtain a bridge at this point have continued for eight years. The span is 200 feet long. LOTTA CRABTREEIviLL UPHELD; ENDS BATTLE $5,000,000 Bequest of Stage StarLong Disputed. By United Press • BOSTON, Mass., Aug. 28.—The millions which Lotta Crabfree amassed as the favorite stage star of her generation will be disposed of in thre manner that she specified in he’ will. A ruling by Judge William M Prest, in Suffolk Superior Court here, apparently brings to e.n end one of the most extraordinary legal battles of its kind in recent American history. Judge Prest allowed the $5,000,000 will after dismissing the claim of Annie S. Fretwell of San Francisco, supposedly a first cousin of the deceased.

250 BOYS TO CAMP Exhibitors in State Fair Will Get Outing. Arrangements have been made to care for at least 250 boys who will attend the annual boys’ camp to be held in connection with the Indiana State Fair which opens Saturday. The personnel of the camp will be made up of boys who are exhibiting live stock in the club work exhibits and those who will take part in the live stock judging contests. In charge of the boys’ camp will be a corps of young men who act as county agents in the State. These men have arranged a program for the week which will be educational with enough entertainment to make the camp interesting.

HOSPITAL CgfcTlFlE.D

THE IEDIANAPOLIS TIAiES

Nice name. And he is the state commander of Pennsylvania. An Altoona boy. “The Rev. Joseph B. Head was national chaplain last year. I’m holding him with my left arm. He is from Louisville, Ky. “But that is all right, because Mrs. Head is right here with us. The man way over on the end is Paul C. Wilson, Baltimore. Md., judge advocate general He will put his uniform on later,” said Kittie.

This!! Is Your Invitation Wfy Ssy fmf Are Cordially and Most Sincerely Invited to Attend NSB ij Kirk’s Outing | gT/im/w/My (Wednesday) All Day at Broad Ripple Park m Get You:* Free Tickets IFEEE! I At Either Store Until l 1 P. M. Tomorrow f W ' BOTH STORES CLOSE AT IP.M. ( C ° 1 Kirk’s Outing Day for all our friends and customers at Indiana’s \ , :t0 ' TV most beautiful amusement park. From Itollp. m. there will l S etve p. \ be something going on for your enjoyment—thousands upon thou- \ g. 30 to | sands of free rides—free admission to the park—free coffee or A ,\ \ \\\\ \) 1 iced tea with your supper—free cookies—and 3,000 bottles m- -n ' Ml (7 of Nu-Grape—in addition to more than SSOO worth of prizes. jF Bring the Family—Get Your Tickets at Kirk’s ( “Banquet” M Iced Tea ■ $79,50 FPFFf fonital Prizp '>' $45.00 3 Cogswell chair and o rKfcfc. Capital Y HZe £ G as Range Served to AH From 3 to the Largest o $l9B-50 Li VI Ilf* > Room Suite V | $29.75 I =.*•&" s-wiij $19.50 w*i!amgißl sss. i rsvi’-Kssr: i “™“ eligible to enter—every one V-Il Cipo IV \ has an equal chance to win. j \ That . n r (on rn $ h ma y be y° u * | tdQ 75 n . , 1 Refre *hing I K-t. r 2 t $ This Will Not Bea Contest f * * Dr,n k, to the First I Kitchen Cabinet -v , ... h Room Size Rug o _ to the Youngest >' of Dancing Skill to the oldest ->,uuu People Thf 9 Married Couple J Customer of Kirk’s a IS Gome Early! 9 $9.75 ' $19.50 $21.75 Floor Torchiere All, CoH Sprin, ■ to the Newest Customer of Furthest Distance from to thc Heaviest Person wM s If Kirk’s Indianapolis Present V E Find the Mysterious Mr. Kirk / “W^nv ad / He Will Be at the Park All Day— L Ser 'and FrU M At the Coaster From 3:30 to 4:30 WWW’iIMl llllllli/|l//M U /,, l Ml At the Ballroom From 8 to 9 P. M. ymjlllWuW' First Person “Finding Him” and Saying, F “You Are Mr. Kirk” / p %. Free Dancing wm Be Awarded With a $35.00 Junior Lamp Bring Your Supper Ml r ¥ F\ |> / cfziZ'i™ J| IT KIRKs jk 22.-246.311'313 E.WASH_-*di^39

MANY NATIONS SWING IN LINE TO END WARS At Least Dozen Countries to Join 15 Powers in Pact.

BY RALPH HEINZEN, United Press Special Correspondent PARIS, Aug. 28. Twenty-four hours after the Kellogg treaty had | been signed in behalf of fifteer great j nations, assurances ware received j today that other countries, big and | small, would fall in line behind the | move to make war eventually almost | impossible. j More than a dozen nations were reported already to have notified Aristide Briand, foreign minister of France, and Frank B. Kellogg of the United States, who sponsored the agreement, that they desired to i agree to it. Os the two copies of the treaty, one will remain here and the other was ready to go back to the United States in Kellogg's trunk. It will not even be necessary for the other nations to sign the treaty, it was explained. Only formal declaration of adherence, backed by parliamentary ratification were constitutions re-

quire it, will be needed. One nation eager to be the first to come in after the original filteen, was said to have instructed its minister in Paris to sign the treaty today if it could be arranged. It was arranged to have Russia and Afghanistan, which do not have friendly relations with the United States, invited by France and England. Virtually all other nations have received invitations from other sources. The plenipotentiaries, with the ex-

Screen Star and Noted Violinist Secretly Wed

By United Press NEW YORK, Aug. 28.—Jascha Heifetz, 28, former “infant prodigy” of the musical world, and Florence Vidor, motion picture actress and mother of a 9-year-old daughter, have gone for a honeymoon on the west coast after a secret wedding at the Mayfair House here. It is seldom that two such celebrated persons as the young concert violinist and the former wife of King Vidor are able to marry in New York without a blare of publicity. Gene Tunney even found it difficult to get engaged. But the friends of Heifetz and Miss Vidor kept their secret for eight days after their marriage on Aug. 20 by Supreme Court Justice Alfred Frankenthaler. The couple boarded the Lake Shore limited Monday for the coast. In Hollywood Miss Vidor will make a picture and return to New York later in the autumn when her husband sails for a concert tour in Europe Heifetz and Miss Vidor returned to the United States recently on the He De Fiance, but the couple denied reports they were engaged.

The violinist’s musical career started when he was three years old in Vilna, a Lithuanian province, where he was born. Two years later he entered the Royal School of Music of Vilna. He made his first public appearance in 1905. Miss Vidor was divorced in Los Angeles three years ago from King ! Vidor, motion picture actor and di- I rector.

ception of Gustav Stressemann of Germany, whose health is poor, visited President Domergue at the summer palace at Rambouillet today and remained for lunch. The exodus for home was due to

* # BSSBiXI —"fflffi*- I I . / ; . n s i : l: ¥£ t • . 2 J ' V v * \ \ 'J \ 4 4 /.' ; • :••:>• . ■<* ;.• - 3' ■\ % ; • y ~;T-, ?

Florence Vidor Heifetz

begin before night. Secretary Kellogg will be taken to Dublin aboard the cruiser Detroit with William T. Cosgrave, president of the Irish Free State, to repay Cosgrave’s recent visit to the United States.

PAGE 3

SUSPECT RUSE IN FIREDEATH Authorities Doubt Victim Was Thomas Burke. By Times Si.eciut ANGOLA, Ind., Aug. 28.—Doubt as to identity of Steuben County's fire death mystery victim exists In the minds of some authorities investigating the case. They believe that Thomas Burke is not the victim and that the body was so identified as a ruse to protect Burke, who they believe still lives. J. F. Walthan, Toledo, Ohio, who identified the body, is under idictment at Toledo for a bank robbery July 14 last. Authorities are giving him considerable attention, as they are puzzled as to how he became so familiar with contents of a, traveling bag supposed to have been the property of the dead man. According to Walthan, Burke served a term with him in a Florida prison. Toledo police say they have no record of Burke. Resignation of Sheriff Charles Zimmerman, absent from here whe the body was discovered, and wly> admits he was on a party in Michigan with his deputy, Miss Nellie Coleman, 24, was withdrawn by him Monday at a session of Steuben County commissioners. He expressed a desire to aid in the murder probe, asserting “I want to come back and make good.” Zimmerman has four months of his term yet to serve. Have your rugs cleaned before fall and winter sets in. Experienced rug cleaners who do the job at a low cost carry little notices offering their services back In the Business Announcements Want Ads.