Indianapolis Times, Volume 42, Number 280, Indianapolis, Marion County, 3 April 1931 — Page 4

PAGE 4

RECLUSE KEEPS VAST FORTUNE IN BAR GOLD Rumania’s Wealthiest Man Leaves $6,000,000 Estate in Foreign Banks. Thl Ik ons of • Rprlos of rlielp* on tue norld'o richest men BY ALEXANDER HURTIG United Prfin Staff Correspondent BUCHAREST, April I.—A modest landsman in a small provincial town in western Rumania posseses the country’s largest fortune, about $6.000,000 —most of it in bar gold. His name Ls Dinu Mihail, and he rates above the country's wealthiest bankers, industrialists and big business men. He is a bachelor, has no living relatives, and leads a retired life in the town of Craiova. The amassing of his wealth is an unusual story. Dinu had a brother who lost his personality in religious mysticism and became known as the "Monk Mihail.” He lived in a cloister in the Pyrenees, deserting the life on the family estate to which he had fallen heir. He had one other obsession besides religion—gold. The Monk Mihail took his frugal living from the meager land of the cloister, and converted the entire income from the estate into gold. He never spent a penny for his personal needs. In the course of years, he amassed millions in bar gold, most of it deposited with the Credit Lyonnais. He left it all to Dinu when he died. Dinu leaves it as he received it—in gold His wants are simple and he receives enough from the income of the estate, now somewhat curtailed by new land laws, hi give him his living The gold has withstood the financial storms which leveled other fortunes in recent years, and, although it is unproductive, Dinu is content to leave it deposited abroad, where he knows it is safe The family Bercovitz, headed by ‘he banker Eli Bercovitz, perhaps come next to Mihail Reckoned by'

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Honored at Retirement

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With fourscore of their fellow employes looking on, three Pennsylvania railroad veterans were honored with retirement certificates, and one received a fifty-year service button at special ceremonies in Union station Thursday. They are shown in the picture above, left to right: Edgar F. Williams, passenger conductor, of Jeffersonville; J. F. Waggoner, baggageman, Louisville; J. T. Ridgely, local superintendent, and John G. Zink, Indianapolis, yard erigineman Ridgely made the presentations. Waggoner received the service button.

West European standards, their fortunes is not large, but the family is an influential one, and for Rumania, its holdings are sizeable, a little over $4,000,000. Eli Bercovitz is president of the Jewish community organization of Bucharest, lives a very simple life and does no public entertaining. Then comes Tancred Constantines, before the war a struggling engineer, later a member of the cabinet. His fortune is about $3,000,000. Another $3,000,000 bank roll is possessed by Constantin Neamtzu, banker. He came to Bucharest as a young worker from the province of Eiebenbuergen and opened a small exchange bureau. Today he is one of the leading bankers of the country. ROB DELIVERY CLERK Two Gunmen Get §lO in Holdup of North Side Youth Harry Witmer, 20, of 4809 Guilford avenue, delivery clerk for the Hook Drug Company store at Forty-second street and College avenue, was robbed of $lO Thursday night by two gunmen in the 5000 block on Winthrop avenue.

LAMBDA CHI BETAS PREPARE FOR DANCE Officers Are in Charge of Arrangements for Frolic. Officers of Lambda Chi Beta fra- ■ ternity of Lincoln Chiropractic colj lege are in charge of arrangements

for the dance to be given by the fraternity in the Travertine room of the Lincoln Friday, April 10. W. P. Baptist, secretary, of Indianapolis, is being assisted in preparations for the event by G. L. Curry, sergeant-at-arms, Detroit; L K. Lindbert, vice - president, Adrian, Mich., and C. F. Gooden,

Baptist

treasurer, Baltimoi'e, Md. Alumni from Florida, Minnesota, Ohio, Pennsylvania, New Mexico, Michigan, California, and Indiana chapters will attend.

THE INDIANAPOLIS TIMES

RUSSIAN LABOR IS ‘OWN BOSS' UNDER SOVIET / Local Engineer Writes of Industrial System in American Camp. As every man is king under a political democracy, so every laborer is boss under the Russian Soviet system. How all the workmen on a job go into a huddle whenever there is some superintending to be discussed, is described in a letter from Russia received today by Judge Clarence R. Martin of the supreme court. The letter was written by A. H. Worsham, an Indianapolis engineer, who is in Russia with the Austin Company of Cleveland, O. The company is building an entire city, to be called Austingrad, for the Russian government. Worsham is one of the American engineers in charge of factory construction “Whenever I have to talk to a superintendent, all the workmen o.uit and gang around as thick as they can get and they don’t miss a word,” the engineer’s letter states. “They don’t hesitate to bawl out the boss, either. This is the country of workers’ equality and anybody can bawl any one out any time,” he wrote. The letter was written from “Austin Clubhouse” in a construction camp Seme observations of the work, country, governmental system and peoples are set out as follows: “My own observations are those of a construction camp, which is not at all typical of any place, so that I can not claim any knowledge of general conditions in the cities. “I have never seen nor heard of a fight, nor have any of us ever had any trouble with any one. Most of us know enough of the language now so that we could tell if we got a cussing, but they don’t do it. I never felt as safe anywhere else as I do here. We do not hesitate

Apple Racket By United Pres* NEW YORK. April 3.—Apple selling on the streets of New York will be banned in the midtown shopping district after April 15, Police Commissioner Edward P. Mulrooney ruled today. The business, started as a move to help the unemployed, has become filled with racketeers, merchants claimed.

to go anywhere anytime alone, and we are always treated courteously. “Considering that our labor here is comprised mostly of ignorant peasants, who don’t know’ what it is all about, we have made wonderful progress on the job, although it is far behind what we have been used to in the states. We have been delayed continual;v by lack of 1 material and labor and when you are out of anything here, except possibly labor, you are out. There are no several sources of supply, like at home. You just wait until you can get it. “I would not be surprised to see the five-year plan slowed down until things revive somewhat,” the writer continues. “I suspect that the 1931 quota will be much less than we expected. “Personally I like the Russian people very much, all that I have met. Disregarding our differences in viewpoint, they have some very admirable traits and after a little while you find that they are very likable people. “Communism, as it works out, is far different from the idea most people have of it, especially the agitators at home. It is a pretty strict and severe government, according to our rather loose standards. “I am not sold on this system, but it has many things that we could adopt to our benefit, just as they in time will have to make some changes. They are experimenting and are quick to condemn their own mistakes and change quickly. We do not, so perhaps they will come out ahead in the end. Who knows?”

ERSTEB are ready HERE fH %l % tsSfc sft *5 1 mm opex toxight and satt b and a y night B^ r .v^r

PANTAGES MAY ESCAPE SECOND ATTACK TRIAL Eunice Pringle Case May Be Dropped; Faces *Love’ Mart Charges. By United Press SAN FRANCISCO, Apnl 3.—Alexander Pantages’ fight against his conviction on the charge of attacking 17-year-old Eunice Pringle appeared at a climax today when it became known that the multi-mil-lionaire showman may escape a second trial. A decision of the California supreme court granting Pantages a new trial, and carrying with it the assertion of Chief Justice William H Waste that “the testimony of the prosecutrix is so improbable as to challenge one's credulity,” caused a conference of state’s attorneys today at which the fate of Pantages may be decided. Frank Richards, deputy state at-torney-general, one of the officials called by District Attorney Buron Fitts of Los Angeles county to discuss the case, openly predicted that Pantages never would be retried. Instead, it appeared, Los Angeles may join San Diego county in prosecuting Pantages on new’ statutory charges in connection with a recent expose of an asserted syndicate which provided young girls for the parties of rich men. FILE LOBBYING COSTS Walter E. Bugher, Lafayette, sec-retary-treasurer of the United Master Barbers Association of Indiana, spent $1,472.85 as legislative lobbysists at the 1931 sesison according to his expense account filed with the secretary of state. R. E. Hildebrand, South Bend, secretary of the Indiana Builders’ Supply Company spent $344.04.

Old Master Brings $20,500 By United Prest NEW YORK, April 3.—A titian

Newest Easter Creations 5%95 new w s|| w W STYLES COLORS UNUSUAL i VALUES \ NEW MATERIALS sizes y 2V 2 to 8 | Here they are , . . those snappy shoes for your Easter and Spring costumes! Smart new pumps, straps and ties. COMPARE—There Is a BRENNER’S 26-28 East Washington St.

APRIL 3, 1931 ■’

portrait of Archbishop Querini brought $20,500 at an art auction of old masters