Indianapolis Times, Volume 42, Number 137, Indianapolis, Marion County, 17 October 1930 — Page 12

PAGE 12

MILLIONS LOSS TO INVESTORS IS LAIDTOBROKER Indictments to Be Asked for Charles V. Bob, Missing Financier. B <i T nitfij Press NEW YORK. Oct. 17.—Wherec bouts of Charles V. Bob, missing broker and stock promoter, remained a mystery today as Watson Washburn, assistant attomey-gen-'raly, and assistants prepared to give evidence of allegedly irregular financial transactions which they said probably will cost investors more than $6,000,000. Washburn sought the assistance of Thomas C. T. Cram, district attorney, in asking a grand jury to corsider indictments against Bob end Frederick C. Russell, his business associate, who also is missing, m charges of perjury and filing lalse information. Prosecution on charges of larceny and a federal charge of mail fraud also is being considered, Washburn said. $6,000,000 Is IVlissing Washburn charged that Bob '’siphoned” good securities worth '6.000,000 from the possession of Metal and Mining Shares, Inc., one of his companies, by subjecting stocks of his other enterprises, the v alue of which were ‘ problematical.” Other charges made by Washburn in connection with the investigation of metal and mining shares were: That the firm had paid dividends out of money raised by stock transfers and not out of profits; that some of the securities owned by the company are pledged for loans, and that two directors never attended a meeting, although their names appeared on the minutes. Stocks Sold to Public In addition to metal and mining shares, Bob was interested in other corporations, including Rain-

JUST ARRIVED MANY MORE NEW STYLES There in Black Suede. Are Over Also in Black 30 Other Matt Kid with Styles Reptile Vamp. Charles

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bow Tiuminous Products,’ HR:; Rainbow Light, Inc.; Metal and Mining Founders Shares, Inc.; Charles V. Bob, Inc., brokerage and banking house; Metal Research Corporation. Consolidated Chromium Corporation and Phantom Oil Corporation Stock of many of these companies was sold directly to the public, Washburn said. He indicated it would take weeks to straighten out the tangled affairs of the concerns. Bob has been missing nine days. On Oct. 9 he telephoned his wife from Chicago, saying he was ready to leave by (fain for New York, but has not been seen since.

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NEGRO SHOT IN FACEiMAY DIE Man Said to Have Voiced Threats Is Held. Asa Hamilton, Negro, 54, of 534 West Twenty-fifth street, is near death at city hospital, shot in the face early today by an unknown

THE INDIANAPOLIS TIMES

assailant. Police are holding Jack Millner, 3's, of 2333 Fairview street, on vagrancy charges, but he has denied any implication in the shooting, w’hich was done with a shotgun. Hamilton said Millner and his estranged wife had been in an argument at his house several horns before the shooting and Millner had threatened the woman's life. Hamilton told police he had gone to a political meeting but, after returning home, at 3 a. m., had decided to return to the garage of Ed Lee, 555 West Twenty-fifth

street, where the meting still was in progress. The shot was fired as he walked down an alley toward the garage, he told police. An elevator to raise and lower a movie camera now is in use.

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TERM ‘CIVIL WAR’ IN HISTORIES IS TARGET P. 7 Times Special MEMPHIS, Oct. 17—Efforts to have the term ’‘Civil war” stricken from school histories and the ti-

tle, "War Between the’ States,” substituted, will be renewed at the general organisation meeting of the United Daughters of the Confederacy next month. Tennessee members, here for a state meeting, said the subject had been under consideration for years and doubtless will be taken up

.OCT. 17, 1930

again at the Asheville <N. C ) meeting in November. fit is a general, rather than a state, problem, although we are earning constantly on a word-of-mouth campaign to have this mistake corrected,” said Mollie E. C. Kavanaugh, Chattanooga, chairman of the educational committee.