Indianapolis Times, Volume 40, Number 127, Indianapolis, Marion County, 17 October 1928 — Page 7

OCT. 17, 1928.

Aviation AERO STOCKS NOW INTEREST BUYINGPUBLIC Activities of Smaller Concerns Help Industry. The movement of new capital into the aviation industry has been one of the outstanding features of the investment situation this year and, according to Wall Street banking interests that have specialized in financing the expansion, this trend is bound to be more and more emphasized in the next few years. The public has become familiar with the great strides in production made by the handful of large companies whose securities are listed on the exchanges, but little is known generally of the progressive activities of the hundred or more individual concerns manufacturing planes, engines, equipment, instruments and a wide variety of accessories. These, for the most part, are virtually closed corporations whose shares eventually will be distributed to the public if the aviation industry develops along the lines of the automotive, public utility and other important organizations, and many mergers also undoubtedly will be brought about. J. Roy Prosser, head of the New York investment banking firm which bears his name, who has been a pioneer in trading and dealing in aviation securities and who has driven his own plane over most parts of this country, declared that the rapid increase in production of airplanes, motors, equipment, parts and accessories, the laying out of national airways, establishment of airports all over the country and the general commercial development of the industry was being reflected not only in the acceptance by prominent financiers of places on the directorates of many of the companies, but by a broad demand on the part of the public for their securities. Public financing for the most part has been limited to the large companies, such as Curtiss Aeroplane and Motors and its affiliates; the Wright Aeronautical Company, and a few others, but a broad market exists in the over-the-counter market for the securities of a large number of other companies which started as small pioneer concerns, but whose activities are expanding on a tremendous scale. These are located in literally all parts of the country.

Bahamas Get Air Mail By Times Special NASSAU, Oct. 17.—The Bahamas government has engaged to cooperate with the Pan-American Airways in the provision of air mail service between Miami and Nassau three times weekly. The government has granted certain valuable concessions for one year, provided this company obtains the United States postal department’s contract for the service, beginning in December. The company is making six survey trips over the route, using the newest Sikorsky amphibian planes, carrying mail and passengers each way. Teach Plane Designing Pratt institute in Brooklyn is offering a course in airplane design. The classes are being held three evenings a week, Monday, Tuesday and Thursday, from 7:30 to 9:30. The course is open to those who have had sufficient preparation in mathematics, mechanical drawing and machine design, and strength of materials to enable them to solve advanced problems involving stresses in the structure of the airplane. 54 Nations in Air Parley The aeronautical conference scheduled for Washington on Dec. 12, 13 and 14, which, at the suggestion of President Coolidge will be of International character, is called this year partly to commemorate thee twenty-fifth anniversary of the first flight in a heavier-than-air machine. On Dec. 17, 1903, at Kittyhawk, the Wright Brothers’ machine flew for the first time. Fifty-four countries have been asked to take part. Many of them, it is expected, will send in their delegations their most distinguished fliers. None of the delegations has been named so far. Million for Airport A million dollar bond issue has been voted by Kansas City for the purchase and development of an airport on the left bank of the Missouri river, opposite the mouth of the Kaw, six minutes by automobile from the business center of the city.

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—Copyright, 1928, NEA Service. Tranmitted by Telephoto. Here’s Lady Drummond Hay, only woman passenger on the Graf Zeppelin, displaying what the properly-dressed woman Atlantic flier should wear. The coat has heavy fur collars and cuffs, designed to keep one warm while flying at high altitudes. This picture was taken by a photographer for The Times and NEA Service at Lakehurst, N. J., just after Lady Drummond Hay had debarked from the huge air liner.

Construction work in progress or contemplated includes: Additional grading to complete a circular field 3,000 feet in diameter, eventually to be extended to 4,000 feet and the river bank; an additional runway on the north end of the circle which will furnish a 7,000foot runway in the direction of the prevailing wind; a quarter-mile paved highway to the field; a vehicular drive along the eastern boundary to sites for airplane factories; a taxi road from the hangars to the proposed passenger station, where an office, restroom and restaurant will be located. Circus at Portland Bj/ Times Special PORTLAND, Ind., Oct. 17.—An air circus will be held here Sunday, proceeds to be applied to a fund for purchase of a plane to be used by the Portland Flying Club. U. S. Aircraft Coming Bp Times Special EVANSVILLE, Ind., Oct. 17. Government aircraft, both planes and semi-rigid dirigbles will be here Friday for the air festival to mark dedication of the municipal airport. Representative Harry Rowbottom is arranging for coming to the government machines. Company Officials Fly Jack Price, pilot, flying the Hayes Body Corporation’s Stinson Junior monoplane from Grand Rapids, Mich., landed at Indianapolis airport Tuesday with three officials of the company as passengers on a business trip.

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Plan Plane Phone System Boenig Air Transport Company and Bell telephone laboratories are preparing for an extensive series of experiments this winter in twoway telephony between planes in flight and Aground stations on the Chicago-to-San Francisco division of the transcontinental line. Boeing has successfully operated this line for passengers and mails for more than a year. Wireless telephone and directional radio experiments are now being conducted on the New York-to-Cleveland division of the air mail on the planes operated by the National Air Transport, and on the Pitcairn line between Hadley field and Atlanta. Airman Lands Here Frank Dunn, pilot, with P. D. C. Ball as passenger, flying a, Ryan brougham from St. Louis to Cleveland, landed at Indianapolis airport, Tuesday. Returns From St. Louis Herbert Oberting, Indianapolis, who flew to Springfield, 111., and St. Louis Monday in a Waco 10 biplane, returned Tuesday. Arthur Pearson, who accompanied him as far as Springfield, returned by train.

In the Air

South wind, six miles an hour; barometric pressure, 29.91 at sea level; temperature, 66; ceiling, 500 feet; visibility, one mile.

THE INDIANAPOLIS TIMES

CURTIS CHEERED IN RALEIGH, N. C„ FOR RAPS AT AL Returns From Dixie After One of Biggest Hands 7 of Campaign. BY KENNETH CRAWFORD, United Press Staff Correspondent ABOARD CURTIS CAR EN ROUTE TO WASHINGTON, Oct. 17.—Senator Charles Curtis returned to the northern side of the MasonDixon line today pleased by the demonstration he received on the southern side Tuesday night. Speaking at Raleigh, N. C„ on farm relief, prohibition and immigration, the Republican nominee received one of the greatest ovations of his campaign. Almost 5,000 persons heard and cheered his speech at the Raleigh auditorium. Most of his southern audience appeared sympathetic but a few hecklers reminded him that there are still some stanch Democrats in North Carolina. Curtis' speech, which he finished abruptly because of throat trouble, was largely an attack on Governor Smith's attitude toward the three issues he discussed. The New York Governor’s prohibition stand was his particular target. “He has made no effort to enforce the prohibition laws in his own state,” Curtis said. His car will stop‘in Washington this morning only long enough to be attached to a train bound for Martlnsburg, W. Va. He will speak there this afternoon, return to Washington for another brief stop and then proceed to Wilmington, Del., for a night meeting. Thursday he will start an extensive New Jersey campaign. House Collapses; Two Killed Hp l ait cl Pr-ss LONDON, Oct. 17.—Two persons were killed and seven injured when a public house in the east end collapsed last night.

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Was it constitutional for the Civil Service commission to bar government employes from actice participation in political campaigns? Loren H. Wittner (above) said it was. and declared he was certain to lost his position as traffic bureau clerk in Washington as a result of a public indorsement of Governor Smith. Clarence Darrow, celebrated liberal lawyer, was to be asked to defend Wittner in an open hearing. Frontier Guard Is Killed By I nitcil Press VIENNA. Oct. 17.—1 t was announced officially today that a Yugo-Slavian frontier guard had been killed by a Bulgarian soldier near the village of Igumenez. The mixed commission already has started an investigation. Picks Pocket for 7 Cents. NEW YORK, Oct. 17.—"Deafy” Dowd, 74. was arrested for the twenty-seventh time in his career as he picked a man’s pocket of 7 cents in the crowd we: coming the Graf Zeppelin fliers at city hall park.

LESLIE RAPPED AS QIIIZKILLER Blocked Corruption Probe, McKesson Charges. By Times Special ROANOKE, Ind., Oct. 17.—Sole responsibility for the defeat, in the 1927 legislature, of the Sauder’s resolution, which would have launched legislative investigation of charges of corruption, was laid at the door of Harry G. Leslie, Republican nominee for Governor, by Delph

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McKesson, state representative from Marshall county, in an address here Tuesday night. “Mr. Leslie, alone, was responsible for the failure of that resolution,” declared McKesson, who, with all other Democrats in the house, supported it. “If the resolution had passed, the evidence could have been procured, and from the number of indictments returned later by the Marion county grand jury, we believe that the probe committee would have been able to clean up the situation in Inidana.” “But it was necessary that plenty of time be given so that the statute of limitations would run. Mr. Leslie intended to see that that was done, and he did. The old gang was in control and,didn’t want an investigation.” McKesson asserted that when

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Democrats finally demanded that the resolution be brought out of committee, Leslie herded Republican members into caucus and whipped them into line for a strict party vote to defeat the proposal. Attacking Leslie for his declaration he would “knock that phony halo down around Mr. Dailey’s ears,” McKesson asserted: “Leslie never has been able to' cite any act In the life of Frank Dailey wherein he failed the people in any duty that he owed to them as a public official.” Goes to Kansas City Earl Roland, who landed at Indianapolis airport Tuesday in a Cessna monoplane from Detroit, continued on to Kansas City.