Indianapolis Times, Volume 40, Number 226, Indianapolis, Marion County, 8 February 1929 — Page 32

PAGE 32

NORRIS INSISTS STANDARD OIL OUSTSTEWART Senator Denounces Large Profits of Company in Speech on Floor. BY ROSCOE B. FLEMING, Times Staff Correspondent WASHINGTON, Feb. B.—A demand that stockholders of the Standard Oil Company of Indiana repudiate Colonel Robert W. Stewart, chairman of the board, and vote him out of office at the stockholders’ meeting March 7, was voiced in the senate late Thursday by Senator George W, Norris of Nebraska. Norris denounced large profits of the company especially the 50 per cent dividend recently voted by Stewart and the directors. Reviews History The fight of John D. Rockefeller Jr. against Stewart is commendable, but Rockefeller’s policy does not go far enough, Norris said, adding that the company should not take such profits. Norris reviewed the entire history of the Continental Trading Company, in the formation of which Stewart participated. “After his recent acquittal on a charge of perjury, Stewart praised the jury system,” said Norris. “I wish in his next public utterance he would say what he thinks of the United States supreme court, which denounced this whole deal,” he said. “If Stewart should just tell the truth just once, it would be more interesting than anything he has ever said,” interjected Senator Caraway, Arkansas. Approves Caraway’s Words “You are right, and if he had been a ditch-digger or clerk, he would have been on his way to jail within twenty minutes after the case reached the jury,” said Norris. “But you can’t convict a hundred million dollars.’ “This company has grown from $170,000,000 to $900,000,000 in ten years. Now it is proposed to declare a stock dividend of roughly half a billion dollars—turning that much water into gold—in other words. “This company is a virtual monopoly. I wonder if the American people wil always stand for such conditions affecting a necessity of life.” Rockefeller Claims Victory By United Press v NEW YORK, Feb. B.—John D. Rockefeller Jr. claims victory in the “battle of the proxies.” Winthrop Aldrich, attorney and representative of the Rockefeller interests, was on record today with the statement that- he had proxies for 51 per cent of the stock of Standard Oil of Indiana. If his estimate is correct and if

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he is able to hold that much strength until March 7, it will mean that Colonel Robert W. Stewart, chairman of the board of Standard of Indiana, will be ousted from his position when the stockholders assemble at Whiting, Ind., to decide whether Rockefeller or Stewart shall rule the company. But Stewart promptly struck back with a statement implying that Aidrich w r as not only over-confident but that his facts were incorrect. George K. Bowden, Stewart’s representative here, issued the statement in behalf of his superior. Bowden denied reports current in Wall Street yesterday that Stewart intended to resign before March 7. Pleads He Be Kept Chief By United Press CHICAGO, Feb. B.—A personal plea by Colonel Robert W. Stewart for support of his candidacy for reelection as chairman of the board of the Standard Oil Company of Indiana reached Indiana Standard stockholders today. “No financial consideration moves to make this fight,” Stewart’s statement said. “My life work has been the upbuilding of the Standard Oil Company of Indiana. My own pride in that work and my sense of responsibility to the 58,000 stockholders, who have stood loyally behind the management for years, will not permit me to desert in the face of fire.”

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PAY ROLL SLASH FOR COUNTY IS SOUGHTIN BILL Standardized Salaries Over State Proposed in Draft. Marion county will have a pay roll decrease of $33,281 if the general assembly decides to pass the Grant bill providing for standardization of salaries of county officials and discontinuing the fee system. An estimate of the salaries to be paid in accordance with the size of the counties has been prepared by £he state board of accounts under instruction from the legislature and the completed scale provides for salary increases in seventy-seven counties at a total increase of $137,096. Fifteen counties will have budgets cut through the new scale. The schedule for Marion county provides the following salaries: Prosecutor increased from $7,500 to $10,000; appropriation for assistances cut $2,410 to $34,000; county treasurer’s salary increased $1,500, while the salaries for assistants was cut from $46,520 to $42,000 and*the $61,010 for expenses stricken out,

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THE INDIANAPOLIS TIMES

Makes Record “Sonny Boy," the theme song introduced by A1 Jolson in his latest Warner Bros. Vitaphone picture, “The Singing Fool,” already enjoys a sale of 375,000 Brunswick phonograph records. It is the music hit of tbe year.

although he will be allowed mileage for collection of delinquent taxes. The sheriff’s salary remains at $7,500, but the appropriation for assistants is increased from $23,000 to $55,000. The clerk’s salary remains at $7,500, but that of assistants is increased from $50,101 to $52,000. Salary of the recorder remains at $6,500, but the budget for assistants is cut from $33,151 to $29,000. Reduction is made in the salary of the surveyor, which is cut from $3,700 to $2,400. He has no assistants. Salary of the auditor remains at $7,500, but the assistant’s budget is sliced $4,639 to $36,000. The county assessor’s salary is increased $1,050 and he will be allowed $4,000 for assistants. At present he is without aid. The county commisioners salaries were increased S2OO a year, while the salary of the county superintendent was increased from $3,600 to $4,800. The flamingo is the only member of the stork tribe which builds a nest of mud.

CHILD SEARCH WITHOUT CLEW Twelve Days Pass With No Trace of Dierdorf Girl. By Times Special TERRE HAUTE. Ind., Feb. 8 Twelve days after disappearance of Edith Mae Dierdorf, 10, West Terre Haute, police here declare they are without a single clew to her whereabouts, but are continuing the search. Two reports concerning the child Thursday caused excitement, but gave no aid to searchers. Mrs. Charles Brooks, Freelandville hotel proprietor, said a man guest had told her he was “suspected of killing a 10-year-old girl.” Knox county authorities investigated and traced a man suspected as the one making the statement to Linton, where all trace of him lost. Another report was a radio broadcast saying the girl had been found alive, and hundreds of telephone calls about it were received at Terre Haute from cities and towns in both Indiana and Illinois. Nothing developed following an investigation of the report by local police. Police here are keeping in touch with Covington and Veedersburg authorities, a green roadster occupied by two men and containing a covered bundle, believed to have been a child or an animal, having

been seen in both towns Jan. 27, the day the Dierdorf girl disappeared. FLAYS COCKTAIL ’HABIT’ “Spirit of Bravado” Blamed for Drinking by Youth. B w United Press __ CAMBRIDGE, England, Feb. B. Cocktail-drinking is a pernicious habit, especially for young people of either sex, according to Professor W. E. Dixon, of the university here. “Young people drink cocktails partly to lose their shyness and partly in a spirt of bravado,” declares Dixon. “The action of the cocktail, unlike that of other alcoholic drinks.

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■FEB. 8, 1929

| to twenty minutes," tire professor i asserts.