Indianapolis Times, Volume 40, Number 141, Indianapolis, Marion County, 2 November 1928 — Page 8

PAGE 8

U.S. BUILDING STRONG CASE IN UTILITY QUIZ Mass of Evidence Found to Be Used Against Electric Company. B,v Timet Special WASHINGTON, Nov. 2.—The federal trade commission will go into the courts in its contest with Electric Bond and Share Company with a strong case to back its demand for further information about the company, it becomes increasingly evident. The commission has in the last few days been laying a foundation for its case by introducing into the record such evidence as it already has been able to obtain about the company. The nature of this evidence will, it seems probable, do much to support the claim that further investigation is required. In spite of the recent refusal of the company to permit examination of any of its books and records, the commission now has in the record a comparative balance sheet of the company’s assets and liabilities, statement of earnings for each year since its organization, statement of surpluses, of expenses, and of supervision fees on earnings. Huge Profit Shown It also has a list of shareholders of the company holding 1 per cent or more of stock. Employes of the trade commission on the witness stand last week testified about several interesting things that stand out from examination of the records. One of these, about which complete data still Is lacking, concerns what appears to be a system by which the Electric Bond and Share Company was able to make a four million dollar profit out of trading with itself through a dummy gobetween. i There was put into the record also a copy of articles of incorporation and by-laws of the electric bond and share company with one paragraph particularly marked. Loophole In By-Laws This, which occurred in by-laws, read: “No contract or transaction of the corporation shall be rendered void or voidable by reason of any interest therein, direct or indirect, of one or more of the directors or officers of the corporation provided that the body—board of directors or executive committee—authorizing oc approving the same shall do so by vote in favor of such authorization or approval of quorum of such body without counting in such majority or quorum any person so interested in such contract or transaction.” This apparently was designed to show the way '/as open for individual directors to make profits for themselves out of transactions in which the parent company is interested, at the expense of its stockholders.

RUMOR COFFIN MOVE TO STAMPEDE VOTERS Prepare to Block Any Attempt to Rush “Straight” Ballot. That word has gone out from “Cap” Coffiin’s Seventh district G. O. P. headquarters for Republican election offlcails to try to hurry the voters at the polls into voting the straight Republican ticket was the rumor persisting in political circles today. The law permits each voter one minute in the voting booth. Coffin’s instructions, it is said, are for Republican election inspectors to start warning voters, after about half a minute, that they must hurry. Democrats were moving today to counter the opposition’s move and will insist that voters be allowed their full minute, unbothered, if they require it. ,

COME HOME TO VOTE 70 Indianans Leave Washington Saturday by Bus. Seventy Indianans in government posts at Washington will come home to vote. Word from Senator Arthur R. Robinson’s Washington office today said the Hoosiers would make the trip in three motor buses. They will leave Washington early Saturday. Saturday night will be spent at Wheeling, W. Va. The party expects to reach Indianapolis Sunday. In the group, the communication said, is William Henry Smith, 94, who voted for Lincoln and sixteen other Republican presidential nominees. He is the father of William Wolf Smith, chief counsel of the veterans bureau. The aged man is coming to Hotel English where he has maintained his voting residence.

Broken Out?

Are you, too, one of those who have tried one thing after another for the skin, yet without results? Then try this simple treatment—used by thousands with amazing success. Rub on a little Resinol Ointment at night; wash off with Resinol Soap in the morning. You will be surprised at the QUICKNESS with which it acts. The Soap also ti keep the complexion constantly clear and soft. At all druggists. For free sample of each, write Resinol, Dept. 30, Baltimore, Md. Resinol.

FALL CLEARANCESALE OF— I LA I mRa J Si! Sewing CabineU i; 4ft MATTRESSES,ScDown! i o>asg f i—HS ? 8 fir : : P n<! t *• * 9r occupies uttie (■I 7(1 &l ’ Mu.t Be Seen to Be j: B W . r"?n i: 5c Norman s Special Priced 3*Piece 2sjr -r | LIVING ROOM SUITES. 1 Leatherette Club i BEAUTIFUL CEDAR CHESTS \ r . A v?KS'!?.uee THE NEW EDISON ROCKERS .-i.p ..' -I. J jEI lONOGR j I if TOYLAnS\ I# ff* 3jji§§ FIVE-PIECE BREAKFAST SUITE _J J,[,B ! / KS&bgm B w ¥ : fl jT '/VTuA ts —— > wheels and rubber it A AC ! : phonograph, In beautl- |fc TOj§g||rasL jMgjpr a tlres Jh4.sfD < fui oak finish with 500 j* aj Set of Bluebird Diahe, Given! ij '/ =HI ■ | LKlIe ?„ mellll j -tea, aeiection. nnd Up j*. H We Will Lay Away for Christmas! ty * Saturday Only! BUY NOW FOR XMAS! A Set of Bluebird Dishes Uwenic $▼

THE INDIANAPOLIS TIDIES

.NOV. 2, 1928