Indianapolis Times, Volume 43, Number 100, Indianapolis, Marion County, 4 September 1931 — Page 9

SEPT. 4, 1931.

TELLS HOW HE STOLE MILLION TO REGAIN SSOO Embezzler’s Defalcations May Reach $2,000,000, Say Lloyd’s Agents. By United Press CHICAGO. Sept. 4.—David D. ■Weiss, broker, revealed today how and why he accepted more than $1,000,000 in securities from Walter E. Wolf without suspecting that the $4.000-a-year hank employe was obtaining the bonds dishonestly. “I’ve known Wolf since we were boys." Declared Weiss. "I understood when his father died, that Walter inherited a fortune. Frequently 1 cautioned him about going too deeply into the market. But # he always smiled and said ‘some day 'l’ll make a killing.”’ Wolf remained today in custody of representatives of Lloyd’s of London. Lloyd’s has the Continental Illinois Bank and ’-'rust Company insured for $2,000,000 against losses growing out of such cases as Wolf’s. May Reach Two Millions It was believed Wolf's speculations might run as high as the full $2,000,000. Weiss’ disclosure that he alone handled over $1,000,000 of Wolf’s stolen securities strengthened this belief. It was known Wolf dealt through many other brokers. Officials of the bank, where Wolf had charge of the coupon department, found his case more and more amazing as they plunged deeper into the investigation of it. Wolf, they found, never really profited a penny from the millions he took, He lived within his $4,000-a-year *)come and during the last year, w'nile dealing in millions on the stock market, did not drive his automobile because he could not afford to. He paid $75 a month rent for his home. Lost on Stocks Twelve years ago, the investigators learned, Wolf invested $5,000 of his own money in stocks. He bought on margin. The stocks went down. He stole SSOO to cover Up his margin. After that, the authorities said. Wolf took between $1,000,000 and $2,000,000 and invested every penny of it in the markets in an attempt to get even and pay back the original SSOO he took. League Slams Wage Cut Plan A resolution opposing the reduction of wages of public employes and commending the Central Labor Union for its efforts to prevent salary slices in state, county and city governmental offices was adopted Thursday night by the Nonpartisan Political Action League.

PREPARE NOW TO CHANGE ALL YOUR OLD IDEAS OF FLYING THRILLS I' ’ •> \ .... ■ :;y >" ' ■ S :: ' • ’• . • -\t •• " ■ ■ • • *V J. < 4 :: Autogiro leaving Canajoharie, N. Y., home of Beech-Nut Packing Company Sgg BEECH-NUT GUM AUTOGIRO No. 2 “The Flying Windmill’’—Frank Faulkner, Pilot—at the INDIANAPOLIS MUNICIPAL AIRPORT Saturday, September 5. at 12:30 P.M. and Daily Thereafter, WEATHER PERMITTING, until September 13 SEE—what scientists and aeronautical authorities agree is the greatest step forward in aviation since the Wright brothers invented the airplane! SEE—a plane that rises and descends almost vertically—that stands still in the air—flys backwards—that has torn down every known 1 aw of aviation! SEE—a plane that finally has brought absolut e safety to flying—a plane that can not go into nose dives nor spins—that defies the deliberate stalling of the motor! SEE—the plane in which Amelia Earhart, the first woman to fly the Atlantic, completed the first autogiro trans-continental round trip! FACTS ABOUT THE AUTOGIRO |?r>|7rr' SOUVENIR BUTTONS FOR THE KIDDIES ADMISSION r IlEiLi BEECH NUT GUM Keep This Flying Schedule The Beech-Nut Gum Autogiro Will Bea Big Feature of Fair Week.

INDIANAPOLIS SUNDAY, SEPT. 6 Flights over city and 5-mile radius: 12:15 to 1:15 and 3:45 to 4:45 I\ M. MONDAY. SEPT. “I Flights over city. Fair Grounds and 5mile radius: 12:15 to 1:00 and 5:00 to 5:45 P. M. TUESDAY, SETT. 8 Flights over city and 5-mile radius: 12:15 to 1:00 and 5:00 to 5:45 1\ M. WEDNESDAY. SEPT. 9 Flights over city and 5-mile radius: 12:00 to 1:00 and 4:45 to 5:45 P. M. THURSDAY. SEPT. 10 Flights over city and 5-mile radius: 12:15 to 1:00 and 4:45 to 5:00 P. M. FRIDAY. SEPT. U Flights over city and 5-mile radius: 12:00 to 1:00 and 5:00 to 6:00 P. M. SATURDAY, SEPT. 12 Flights over city and 5-mile radius: 12:00 to 12:45 and 4:30 to 5:30 P. M. SUNDAY, SEPT. 13 Flights over city and 5-mile radius: 12:15 to 1:00 and 3:45 to 4:45 P. M.

THE BEECH-NUT GUM AUTOGIRO has been sent on tour by the Beech-Nut Pack ing Company to convince the people of the country that at last aviation has reached a stage of safe practicability. Its appearance here is an event of national importance. INSPECT THE BEECH-NUT CUM AUTOGIRO—SEE IT INS FLIGHT—IT’S THE THRILL OF A LIFETIME

What Is Wrong Here? Find It; Win a Prize

'*£Mrw\ ■■p| i ' / '">/ v :A. '• ?xi jHr " vSfilag ‘K&f* >^'?

Here is a thrilling scene from “East of Borneo,’’ which opens a special engagement at the Lyric theater Saturday. The young man here is scene defending the life of his sweetheart in Borneo jungles. Borneo is a desert island that lies off the southwestern coast of Alaska and is noted for the delicious chocolate bonbons that grow wild among its towering mountains. The natives of Borneo are of Norse descent and are mostly a decided type of blonde with a noticible number of pure Albinos among them. These young people in the picture above have been chased by natives to the brink of this pool where lurk great northern pike, several of which are seen waiting for the adventurers to drop in for lunch. The young man is telling the girl that he wishes he might take the Great Northern pike home with him because their skins are very valuable for making winter mittens and covers for baseball scorebooks. The escape of the young folks is cut off by the famous chalk cliffs behind them. Beyond that they can hear the natives, still searching for them, and blowing horns and saxophones as is the custom of these people. There is one chance of escape however. It will soon be dark. The day is only a few hours long in Borneo because it is so close to the South pole. And the pike are very sound sleepers. They wouldn’t everf wake up to go to a fire. Neither can they see in the dark. So when the sun drops in the eastern sky the hero will swim with his sweetheart across the bayoiFand

proceed by bus to the capitol of the country, Istamboul, from which they can get a fast cross-continental express to New York City. This is an interesting and educational contest for boys and girls under 14 years of age, the writer has mixed his geography, biology and sometimes, perhaps, his spelling. Can you correct all the errors? Try it. Rewrite the story, making all the corrections you can. Here are the prizes for the best work: $5, first prize; $2.50, second; $1.50 each for third and fourth; and twentyfive pairs of theater tickets to the next 25 nearest correct stories. Attach copies of this story and picture to your own story with corrections made. Send them to Contest Editor of The Times before midnight, Saturday, Sept. 5. Winners will be announced in The Times Tuesday and prizes mailed to the lucky boys and girls. ECUADOR RIOT FLARES Two Soldiers Shot, Several Reds Injured in Mad Melee. Ily United Press GUAYAQUIL, Ecuador, Sept. 4. Troops patrolled the streets to preserve order here today after two soldiers were shot and several Communists were injured in rioting Thursday night. Disturbances followed a Communist mass meeting which voted adhesion to recent demonstrations in Quito against the foreign match monopoly. Seven persons were killed and many injured in Quito.

NEARBY CITIES TUESDAY, SEPT. 8 Newcastle, Richmond (15-min. landing) Connersville. Rushville, Kniglitstown Greenfield: 10:30 to 11:45 A. M. Anderson Muneie t3O-min. landing). Elwood, Tipton, Xoblesville: 2:45 to 4:00 r. M. THURSDAY, SEPT. 10 Shelbyville, Grtensburg, Columbus, Franklin: 10:30 to 11:30 A. M. Martinsville. Bloomington. Bedford, Bloomfield, Spencer: 2:30 to 4:00 F. M. SATURDAY, SEPT. 12 Lebanon, Frankfort (10-min. landing), Crawfordsville: 10:30 to 11:30 A. M. Greencastle. Brazil. Terre Haute (30-min landing!, 2:00 to 4:00 P. M. SUNDAY, SEPT. 13 Franklin. Columbus, Seymour, Scottsbnrg and New Albany (en route to Louisville) : 5 ;00 to C :30 F. M. When not flying over Indianapolis and adjacent cities, the Beech-Nut Gum Autogiro will be on exhibition at the Municipal Airport, and demonstration flights will be made each day until dark. If bad flying weather interferes wittr any scheduled flights, they will be made at a later date, if possible.

THE INDIANAPOLIS TIMES

FARM SHIPPERS FIGHT INCREASE IN RAILRATES Paint Gloomy Picture of Future, If Boosts Are Allowed. By United Press - CHICAGO, Sept. 4.—A future that contained only gloom for the farm industry was described by representatives of the middle-west farm belt appearing today before the interstate commerce commission in protest against railroad executives’ request for a 15 per cent increase in freight rates. Testimony was given that shippers of farm produce and livestock would be unable to stand additional freight charges. Lumber dealers testified that the proposed increases would threaten their industry with disaster also. Fruit growers warned that if higher rates became effective, they would be forced to do their shipping by water instead cf by rail. The hearing on the carriers’ petitions was held in three divisions. It w - as started Monday and was expected to continue into next week. The average man’s hair grows seven inches a year.

SATURDAY BETTY GAY’S FIRST AND FINAL DRESSES (M DRESSES HS *Tso A BfA Over 500 fresh new, Summer In Sizes II to 48 ’- IX Dresses—all clean—that for- ! merly sold as high as $7.90. TT _ Jk iWg gill _ g§|§§ NON-RUN TOP, FULL-FASHIONED JTOP-U VW| Printed Chiffons AWM SERVICE WEIGHT Hs | P° SE CQc fMjgfar f§| — Os sms _ . IVI Sjßßffiaßß Avery practical, service- Hg WM - of JHHi Linens and rt I If jpPffiW able hose that has made War VHD7 _ SfAUJ IMbB Betty Gay new friends in 7?“^ Lyelet ill fBaBiH Indianapolis. All the new lwo Fairs tor k . \ L raMiSlm fall dark shades, magic 41 f ■■ ■ill n— W&MBr BftaEM black included. /h § S W & IYou want See K||S| 1 ,hem ” wi " d °" to,la! '' H SMART NEW TWEED RAM $4 .90 SA-90 M SPORT COATS y' /1 || _ M Mj These Coats just un- f| £ yi~~ \V~ \-fflsM H| Jm |§M packed. You would illl \\ —VxlaAlu/J 9 and mM ■ mil pay from sls to $25 \l Hi for them. $ 1 4.95 f\ WH. “EMPRESS EUGENIE” SUMMER ftta mmm uato >f 8n mats —=■ | -U— J'U yTO ggg g g ■ ii ii high as §2.80. We know you will *_ L_l sizes. Ostrich feathers (O QH I S r~~~\ an<^ OmiOU hh \ BETTY GAY’S

Tight Sleeper By United Press CHICAGO, Sept. 4.— While Harry Eregoropolus, 17, was taking a nap in the rear of his uncle’s store, three Negro bandits walked in. They threatened the uncle, George Agalopolos, with guns. George coughed, hoping to arouse his nephew. “Hand over the money,” the bandits said. George coughed again, louder, but still in vain. Before leaving with $263.85, the trio tied George securely. For nearly a half hour, he screamed, shouted and implored Harry to wake up and untie him. But Harry snored on. Finally a customer walked in, untied George and between the two of them they succeeded in arousing Harry. “I was kinda tired," the nephew explained.

LABOR DAY FARES CUT With round trip fare 75 per cent of the regular one-w'ay rate between all points in the central passenger association territory, traffic over the Pennsylvania railroad Labor day is expected to be heavy, J. C. Millspaugh, division passenger agent here, said today. These rates will be in effect at 3 a. m. Saturday until midnight Sunday, going, and return passengers must leave before midnight Tuesday.

‘ALFALFA RILL’ OPENSGAS WAR Attacks ‘Exorbitant’ Rates of State Utility. By United Press WAURIKA, Okla., Sept. 4—A natural gas company which Governor William T. (Alfalfa Bill) Murray claims is charging exorbitant rates to residents of fourteen towns, was named today as “the enemy" in the Governor’s newest “war” in behalf of the common people. So successful was the picturesque, hitch-hiking Governor, in his recent campaigns for free bridges and

Your Radio Tubes Tested Free . ON THE NEW ACREMETER There is no obligation on your part. See your radio tubes “X-Rayed” on the new Acremeter—the finest testing instrument in America. Bring Your Tubes to the Victor or Come in and Get One of Our Free Tube Carrying Cartons. 231-237 West Washington St—Directly Opposite Statehouse.

higher prices for crude oil, that he now has trained his heavy legal artillery upon the Lone Star Natural Gas Corporation and declares that he’s ready for a “fight to the finish.” Leon Hirsch, a young attorney, is commanding the Governor's forces

WHY LOSE YOUR CAR? If Your Payments Are Too Large, See Us At Once! m m STWI A "> Finance and Lowest Rotes Established Oier 40 Year*. —EASY WEEKLY OR MONTHLY PAYMENTS—CHICAGO JEWELRY CO. LI. 8603 203 East Washington Street

PAGE 9

in the newest fight. Hirsch has filed a petition demanding a receivership of the ga? company, revocation of the company's charters, and payment of $365,905 in back fees and penalties, as well as court costs. Officials of the company said they would contest all suits.