Indianapolis Times, Volume 42, Number 284, Indianapolis, Marion County, 8 April 1931 — Page 2

PAGE 2

RULING IS HELD BACK IN STEEL BONUSES SUIT Court Reserves Decision in $36,000,000 Bethlehem Fund Case. by ' p if fi prrtt NEWARK, N. J„ April 8,-Do-cislon ha-s been reserved by the court by minority stockholders of the Bethlehem Steel Corporation to recover from officers and directors 536.000.000 in bonuses paid them from corporate funds of the company since 1011. Minority stockholders seek an order calling on directors to show cause why they should not return the bonus money and to restrain officers from making further payments Robert H McCarter, plaintiffs’ counsel, said the suit was brought on grounds that the bonuses were unseemly and improper” and amounted about 80 per cent of the total distributed dividends. Meeting on April 14 A meeting of stockholders has been called for April 14, when they will be asked to vote on the validity of the policy of directors in paying the bonuses. McCarter argued that this meeting had been called to forestall ac* tion by the minority stockholders and to checkmate the court. He said that even in “lean years” when no dividends had been paid to stockholders, Eugene P. Grace, president, had received more than $3,000,000 in bonuses. Wants Defendants Present The bonus system was originated in the corporation by Charles M. Schwab, chairman of the board. John R. Hardin, attorney for the defendants, argued that there had been no unfairness in the bonus system, and that stockholders had been supplied with full information regarding it. Vice-Chancellor Backes asked him whether the defendants were coming into court, and Hardin replied that he was not authorized to make any statement regarding them. “It would seem to me that the men, who are the company, ought to be here to defend it and make such disclosures as are essential to the issue," Backes said, in reserving decision.

DIVORCE RULING SHOCK Woman Faints as Youthful Special Judge Hands Down Decree. Apparently the shock of getting a divorce was too much for a woman in superior court one late Tuesday, who fainted as soon as Special Judge Louis A. Weiland announced she might have her maiden name back again. The case was the last of fourteen divorce cases tried before Weiland, who is believed to be the youngest lawyer ever to sit on the superior bench. He is 24. PASS ROAD BOND ISSUE State Tax Commisioners Set §115,000 Figure on Anderson Project. State tax commissioners have approved a $115,000 bond issue for the Dale J. Noland road in Madison county. The road is between Anderson and Frankton, six and onehalf miles. County commissioners had asked $182,000. FIND GOLD ON FARM Owner Who Recently Died, Prospected in Vain for Seven Y'ears. Bit United Press BINGHAMTON. N. Y., April B. Announcement was made today that slight traces of gold had been found on the Cherry Valley farm, where Earl Welch, who died this week, prospected in vain for seven years.

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SCENIC ARTIST IS NOW ON JOB , HERE Milo Denny Arrives and Starts Work on the Scenery for “Apron Strings,” Which Opens Stock Season. WITH the arrival in the city of Milo b. Denny, noted scenic artist, Arthur Casey immediately arranged for the work of painting settings for the grand opening Saturday night at English's of “Apron Strings,” the hilarious three-act comedy success which will be the first production in the new summer season of twenty weeks of dramatic stock. Denny, a scenic artist of twenty years’ experience in the legitimate theater, is widely known in the state by virtue of his frequent visits to the art colony at Nashville in Brown county where he goes to paint landscapes in oil. He is a property owner there. He has, aside from his main work in the leading theaters of the country, found time to do

incidental oil painting in Taos, N. Mex.; Provincetown, Mass.; Saugatuck, Mich.; and in the sand dunes near Gary, Ind. “After all.” says Denny, “all art goes hand in hand. While I am chiefly occupied with scenic investiture in the legitimate theater, I make it a point to find time enough to turn out some paintings for exhibition in art galleries, too.” Denny expects to have some unusual scenic work ready for the opening of “Apron Strings” next Saturday night at the English theater “Apron Strings” will be presented for eight days, with matinees on Wednesday, Thursday and the closing Saturday. The English theater box office will open for the first time today. a a a Indianapolis theaters today offer: “Charlie Chan Carries On” at the Lyric, “A Connecticut Yankee” at the Apollo, “Dracula” at the Ohio, “Man of the World" at the Indiana, “Skippy” at the Circle, “Dance Fools, Dance,” at the Palace, movies at the Colonial, and burlesque at the Mutual. DREISER TO PROTECT 'CHILD OF HIS BRAIN' Will Sue if Movie Director Tampers With “American Tragedy.” By United Press HOLLYWOOD, April B.—Theodore Dreiser, the author, revealed today he was prepared to file an action in federal court If the screen adapta- j tion of his novel, “An American Tragedy,” does not meet with his approval. “I feel that the question of writers’ rights might just as well be settled now as later by definite court rulings,” Dreiser said. “I feel that I am, in a way, acting for the thousands of authors who haven't had a square deal in having their works belittled for screen exploitation. An author should have I an equity in the creature of his i brain.”

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STEVE HEARING SET Judge Fixes April 17 for New Trial Arguments. By United Press NOBLESVILLE, Ind., April B. The petition of D. C. Stephenson, former grand dragon of the KuKlux Klan in Indiana, for anew trial, will be heard April 17, Judge Fred E. Hines has ruled. B. C. Jenkins, Gary attorney for Stephenson, and Emmet Fertig. for the state, appeared in the case, Fertig representing Attorney-General James M. Ogden in his coram nobis proceedings, filed a few days ago. Stephenson, who is serving a life term upon conviction on a charge of murdering Madge Ofcerholtzer, bases his apepal on alleged errors of fact. His principal contention is that he could not testify in his own behalf because of threats against his life. He claimed that hired gunmen were in the courtroom to influence the jury. LOOSE PLATES Don’t allow your false teeth to rock or slip. This irritates and chafes the delicate mouth tissues and may lead to serious trouole. To hold plates firmly and comfortably in the mouth, just sprinkle a little Kling on them. This new improved powder forms a comfort cushion, holds plates so snug, you can eat and talk as well as you did with your own teeth. Kling is better than anything you have ever used. A large package of Kling costs only 30c at Hook’s. Money refunded if you are not more than pleased.—Advertisement.

THE INDIANAPOLIS TIMES

DROUGHT ENDS: OUTLOOK GOOD, BUREAU FINDS Greatest “Blight’ Is Past, Another Unlikely, Says Weather Chief. By United Press WASHINGTON, April B.—The blight of drought which spread suffering and stirred politics throughout the United States during the last year has been relieved—it almost is broken. One year ago it was just developing and had created no alarm. Cost of the 1930 drought is inestimable. With few exceptions, deficiencies have been relieved. Given merely normal precipitation from now on, the American farmer may proceed with his spring planting without fear of a harvest of sun-tortured stalks. This information on the greatest drought in American history was

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given by J. B. Kincer, chief of the weather bureau division of agriculture meteorology. This winter was unusually dry. But spring storms are following normal courses. “Another drought is not likely,” Kincer said. “Storms during March had a rather normal movement, and while we can’t say what will happen In the future, the present outlook is -favorable. “The drought now generaly is relieved. There even is sufficient moisture for planting spring wheat. There is enough moisture now everywhere for present needs and growing purposes." Arkansas, where drought conditions were worst, abundantly has been supplied with rain, Kincer

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said. Ohio now is the least favored state. Reports from all sections. Kincer added, show that the top soil is wet down for about twenty-four inches throughout the agricultural regions. ’

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Bank Fills New Post j Ry Times Sye i‘il MUNCIE, Ind.. April B.—Lloyd Kimbrough, Muncie manufacturer, has been elected vice-chairman of the board of directors of the Delaware County National bank, anew

APRIL a 193 r

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