Indianapolis Times, Volume 40, Number 99, Indianapolis, Marion County, 14 September 1928 — Page 17

SEPT. 14, 1928

CHARGE JUDGE NAMED BOARD TO AIDINSULL Appeal to Highest Court Protests Receivership at Chicago. Times Special Correspondent WASHINGTON, Sept. 14.—James H. Wilkerson, Federal judge of Chicago, has approved a receivership of the Chicago Railways Company which promotes the financial interests of the power magnate, Samual Insull, while threatening heavy losses to a group of small investors in the traction company, according to a plea just made to the United States Supreme Court. According to a plea by a protective committee of investors, Wilkerson named as two of the receivers of the concern, men closely identified as officers and stockholders in Insult's Edison Company of Chicago, principal distributor of electric power in Chicago, and owner of a majority of the stock in the Chicago Rapid Transit Company which operates elevated lines in that city. Utility Merger Under Way Plans on foot to merge the Rapid Transit Company and the Chicago Railways Company, according to the petition, make an “unbiased receivership” essential to the protection of investors. Judge Wilkerson was asked to allow them to intervene. in the re-ceivei-ship proceedings to parted their interests against the rival Insull interests and he flatly refused A United States Circuit Court of Appeals subsequently issued an order allowing them partial participation in the receivership proceedings, but they contend that the participation is too narrowly limited to protect their interests. Appeal to High Court Now they are contending that unless the United States Supreme Court orders that they be allowed full participation in the receivership proceedings they will be deprived of their property in violation of rights guaranteed by the Federal Constitution. “Let the attitude of the courts give rise to a general feeling that great financiers are favored in, and small investors are excluded from, these large organization receiverships,^"M, is asserted in the plea to the' high court, “ and the lessening in the general confidence in our courts is inevitable.”

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Boost Hoover Hoover campaign work will be the principal occupation of county commissioner office attaches for the next few weeks, a notation on a blackboard in the ofl&ce indicated today. Notices of bids to be received and other items of business are written on the board. There were two notations today. One read: “Maneuver for Hoover.” The other was a notice bids on county institution supplies will be received Sept. 24.

BRITISH TIRING OF JAZZ By Science Service LONDON, Sept. 14.—Jazz music is losing its hold on the British Isles. Observers say there are signs of increased intrest in classical music, while the Victorian style, including the once-popular form of song known as the “ballad,” is regarded as definitely done.

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SETTLERS ON U. S. RECLAIMED LANmOSPER Repayments to Treasury for 1928 Show Increase Over 1927. BY GEORGE S. HOLMES, Time* Stiff Correspondent WASHINGTON, Sept. 14.—Improved conditions among settlers on the Government’s reclamation projects are reflected by the increase in repayments to the Federal Treasury this year. Figures for the fiscal year 1928, show that $4,903,000 has been received from reclamation farmers, as against $3,719,000 for the year previous. The difference of

THE INDIANAPOLIS TIMES

$1,184,000 represents an increase of more than 30 per cent. The conclusion that project settlers are more prosperous than they have been for years is borne out, according to Dr. Elwood Mead, head of the reclamation bureau, by evidence he gained first hand on a recent trip through the West. Dr. Mead just has left Washington again to complete his tour of reclamation projects. He will be joined at St. Paul by the new Secretary of Interior, Roy O. West. * With Representative Louis C. Cramton, chairman of the subcommittee of the House on Appropriations for the Interior Department, they will visit several

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projects in Montana, Glacier National Park and the Yellowstone. Reclamation officials attribute the better showing by settlers to two causes: larger crops and earnings and, general realjusment of the financial relations between settlers and Government, providing easier terms for growers. The result is that 22 per cent of the twenty-four operating projects now are on a regular payment basis. The other two, Milk River in Montana and Belle Fourche in South Dakota, are paying for operation and maintenance but are not yet under contract for reimbursing

the Government for money advanced. The returns that gained so noticeably last year go into the revolving fund of $166,000,000 which the reclamation department has invested in projects. When it is paid back it is then available for further development work. The fund also is benefited by the sale of public lands, which amounts to about $500,000 each year and by royalties from oil leases, totaling about $4,000,000 a year. This year the combined revenue of the department from all sources will be close to $15,000,000 and will go into more development activity. This sum is derived from established

sources of Income and involves no treasury appropriation. Estimates for 1928 show 39,000 farms under irrigation, with a total population of approximately 145,000. Dependent upon the reclamation projects also are about 400,000 people in towns and villages scattered through the reclamation areas. White Buck Deer Seen By Unitedi Press ASTORIA, Ore., Sept. 14.—A pure white Albino buck deer, the first of its species ever reported in Oregon, has been seen by tourists along the Roosevelt highway in the vicinity of Black Ridge.

PAGE 17

WINS LONG LIFE FIGHI Cheats Gallows After Fifteen Year! Legal Battle. By United Press \ PHOENIX, Ariz., Sept. 14.—William Faltin, convicted murderer, ha* finally won his fight against the gallows. He was first sentenced to hang! in 1913. Since then three dates for his execution have been set an<f rescinded. The sentence recently was commuted to life imprisonment. The crocodile, given fair play ini its native wilds, can live for 300 years.