Indianapolis Times, Volume 43, Number 184, Indianapolis, Marion County, 11 December 1931 — Page 15

DEC. 11, 1931.

MONEY GIANTS OPEN FIGHT FOR TRANSAMERIGA Giannini Seeks Proxies of 25,000,000 Shares in Holding Firm. It'J l nited Pret* SAN FRANCISCO, Dec. 11.— Money giants fought for a billion dollar prize today when executives of Trans-America Corporation, the nation’s largest holding company, accepted the challenge of A. P. Giannini to a race for proxies of AOOO.OOO shares of stock. While stock in the onet-time 1,000,000,000 bank combine sank to i new all-time low, charges and ounter charges were hurled by the ■ ival financiers as they opened a Tuggle which will culminate in an tnnual meeting next Feb. 15. Giannini, who founded TransAmerica from a groupu of sub-; sidiaries that grew out of his powerful Bank of Italy, emerged from one of his many “retirements” to lead the fight against Chairman Elisha Walker, sponsor of the corporation’s reorganization plan. The appeal of Chairman Walker and President James A. Bacigalupi for proxies to oppose “enemies of Trans-America” was the first break in the silence they have maintained .•■ince Giannini announced his active intervention in the reorganization. The 64-year-old California financier, a pioneer of branch banking, retired from the board several months ago when the first indications of a rift were apparent. Giannini made an initial bid last month for proxies on behalf of associated Trans-America stockholders with the tatement that at the npxt annual meeting he would oppose the reorganization. Walker and Bacigalupi replied Thursday night with their own appeal, describing Giannini’s charges as “inaccurate and misleading.” , The Giannini group has claimed r a majority of the outstanding shares.

I/ B [/T9 Great Sale and were satisfied—new merV J Wlehandise arriving daily, values greater W Jsb^slilTS J| O’COATS P|Ml£ shoes ssy/tn rC OAirS- "s™ 7 S” U)ic* DRESSES IS# l> s 4” SgM 98 ■ Girls* I Silk I *4 COATS HOSIERY S 4 SB J eg. $1 Value I Millinery ! 79<= 1 —J si 88 jyT^iTT'r.'TZl'jyiTL^'l'Tl.'fTfiK

Public Invited by Museum to Hear Architect

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Lee Burns

Lee Burns, Indianapolis architect, will speak on “Early Architecture in Indiana” at the Children’s Museum, 1150 North Meridian street, at 3:30 Sunday afternoon. The program will be open to the public. Miss Florence B. Hill will talk before the departmental class at 9:30 Saturday morning on "Bermuda.” “Nature’s Beauty Spots in Indiana” will be the iopic of Edward Barrett, former state geologist, in a talk to the 10:30 class Saturday. His lecture will be illustrated with lantern slides. DENY NICHOLAS~EXILED By I,nited Prex* BUCHAREST, Dec. 11.—Reports that King Carol had placed Prince Nicholas in detention because of his recent marriage to a commoner, and that Nicholas had been expelled from the royal family or ordered to Deletj did not exercise the right to ficially today. The court decision annulling Nicholas’ marriage to Mile. Lucia leave Rumania, were denied ofdeprive him of his rank, titles, and privileges, it was said. •

MENCKEN GETS HIS HOME CITY INTO BOYCOTT •Eastern Shore’ Angry Over Baltimore Criticism of Negro Lynching. By United Prttx BALTIMORE, Md., Dec. 11.— Representatives from eighteen lines of Salisbury (Md.) businesses are to meet tonight with announced plans of "strengthening the eastern shore boycott against Baltimore.” . Meanwhile, state authorities announce they are pushing the investigation of the recent lynching of a Negro in Salisbury and will be ready within a short while to begin their previously announced “vigorous prosecution.” W. F. Messick, president of the Salisbury Chamber of Commerce, said no official action had been tak-

SR Closing Out r- gs” BAND INSTRUMENT STORE as Much as 1/iOFF JSf Pearson says .. . lease is up .. . forced to Accordions Violin Outfit vacate in a few more days .. . final reductions now prevail on entire remaining stock. 0/ Ci World’s finest makes. Just look here. /O ® Trumpets, silver plated, gold bell $22.50 Discount JPQBm Boehm Clarinets going at $24.50 mjfg * Boy Scout Bugles. $2.89; Bugle Bags, 89<i Soprani . . Hohner Reg. $35 Gibson Guitars, sale price. s22. 50 Rosati Makes Complete with case, bow, SSO Gibson Guitars. sale price.s29.so instruction book, etc. Music Stands ’ Mus,c Cases 89 * in your old accordion for Easy Terms. Hundreds of Other Bargains a finer one.

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THE INDIANAPOLIS TIMES

en by that organization in regard to the plan to boycott Baltimore goods and trade. “The movement is an individual one, with the merchants unofficially working together,” Messick said. “The only way Baltimore can win back its eastern shore trade is to have H. L. Mencken, some of the Baltimore papers and a number of ministers apologize to the people of the eastern shore. “Some of the folks in this section are very angry at what Mencken wrote Monday. I personally am not offended. “I feel that if a man is as big a fool as Mencken showed himself to be in his recent article, then we should pay no attention to him. “We can not control the Baltimore papers on the eastern shore. But we do not have to buy them. And if we quit trading with the business men of Baltimore, they may be able to bring the editors around to the apology that is due.” Messick said that the thing which most offended eastern shore people was Mencken’s reference to religion in attacking the recent brutal lynching of Matthew Williams, Negro slayer, whfc was hanged and burned by a mob of 2,000 in the courthouse yard.

UTILITY HEADS AREINDIGTED Perjury Charged in Water Rate Case at Vincennes. Benjamin Perk and George Alexander, of Indianapolis, officers of the Vincennes Water Company, today at liberty under $2,000 bonds each on Knox county grand jury charges of perjury. Perk, attorney, and secretary and treasurer of the southern Indiana utility, and Alexander, a local consulting engineer, and vice-president of the water firm, surrendered at Vincennes late Thursday. According to the charges, both men gave false testimony at a hearing held recently by Howell Ellis, public service commissioner, on a petition for lower water rates. Perk is alleged to have given erroneous testimony relative to the purchase price of the water company. Alexander is charged with fraudulent testimony relative to the reproduction value of the Vincennes plant and his connections with the Frankfort Heating Company.

GAS APPEAL SPEEDED Way was paved Thursday for appeal to the supreme court on the litigation blocking city acquisition oi the Citizens Gas Company as a municipal utility. Superior Judge Clarence E. Weir

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overruled a motion of attorneys for Allen G. Williams, seeking to have Wair set aside his recent ruling approving the city’s moves to operate the company. If the case is appealed, it probably wlil mean several months or years delay in acquisition of the utility.

PAGE 15

which has been sought many* months. chief tossed a tear gas bomb into a car. It was followed by two dozen more and the delegates, withdrawing their insistent demands to remain, sped out of town. They spent the night at Lansing, near here, in peace.