Indianapolis Times, Volume 43, Number 264, Indianapolis, Marion County, 14 March 1932 — Page 2

PAGE 2

WORLD FEARFUL OF EFFECT OF KRUEGERDEATH Suicide of Match King Causes International Alarm Over Financing. (Continued From Page 1) moratoria where circumstances warrant, after consultation with the Riksbank (national bank) and the state debts office. A parliamentary session began at midnight Sunday. Two hours later the government council, meeting in the crown prince’s room at the royal castle, had confirmed a moratorium until the end of March for Kreuger As Toll, some smaller companies and to four Kreuger directors, including Kristlcr Littorin and Nils Ahlstroem. The Stock Exchange will be closed for several days. Kreuger’s business associates decided that firms affiliated with thd Kreuger interests would continue transactions as usual. Firm May Be Decentralized Newspapers considered it likely that Kreuger & Toll would be decentralized as a result of Kreuger’s death. It was reported that in 1925 Kreuger took out life insurance with leading Swedish companies. The exact amount was not known. It was estimated at between 5,000,000 and 10,000,000 kroner (about $2,100,000). The insurance would be payable to the Kreuger heirs, probably his sisters. Kreuger’s efforts to arrange new loans in America to meet short term obligations were unsuccessful and French bankers, while offering him money, attached conditions which Kreuger thought he could not accept. Much of his capital was frozen in Germany. Great Holding Company Kreuger & Toll has made loans to twelve countries in return for which it received match monopolies. The largest of these loans is $125,000,000, made to Germany for a period of fifty years. The loan expires in 1980. A loan of $75,000,000 was made to the French government for a period of twenty years, but the French paid it off April 15, 1930, in advance of maturity. Loans now outstanding amount to around $230,000,000 and run from twenty to fifty years. They were made to the following countries: Poland, Greece, Ecuador, Estonia, Hungary, Latvia, Rumania, Yugoslavia, Germany, Danzig and Lithuania. In addition to the foregoing where the Kreuger interests have match monopolies, they have factories or trade connections with nearly every country in the world save Russia. Markets Disturbed Bv United Press Financial markets were disturbed only slightly today by the suicide of Ivar Kreuger, leading European financier and dominant interest in the Swedish match trust, whose ramifications spread throughout the world. Shares of the various subsidiaries broke badly in world markets, some of them losing 50 per cent of last week’s values, but aside from moderate declines in other leading stocks, there were few other signs of the tragedy. On the New York Stock Exchange Kreuger <fc Toll, holding company of the Kreuger enterprises, opened 150,000 shares at $l.B7Vi, off $3.12%, and anew low record. Trading in the stock proceeded at a furious pace with the price rallying from the opening to above $2. Kreuger Ar Toll and International Match bonds broke to record lows with losses ranging from 10 to 17% points. The decline in Kreuger issues at New York followed similar declines in Kreuger issues in such other world markets as London, Paris, Berlin, Copenhagen and Brussels. DEATH IS DEMANDED IN HONOLULU ATTACK Authorities Hold Suspect for Assault on Young Chinese Girl. By Vnitrd Press HONOLULU, T. H.. March 14. The death penalty will be sought for 22-year-old Joseph Young, identified as the attacker of a 17-year-old Chinese girl, Benice Lum, authorities announced today. Officers arrested Young Sunday, a few hours after Miss Lum reported she had been attacked. Young, it was charged, followed Miss Lum and her escort from a party, drove the escort away, then choked and attacked the girl.

How to Get Relief From Catarrh If you have catarrh, catarrhal deafness or head noises due to catarrh, go to Hook’s or your druggist and get 1 oz. of Parmint (Double Strength); take this home, add to it % pint of hot water and a little sugar. Take a tablespoonful four times a day. This will often bring quick relief from the distressing head noises. Clogged nostrils should open, and breathing become easier. It is easy to make, tastes pleasant and costs little. Kvery one who has catarrh should give this treatment a trial. You will probably find it is just what you need.—Advertisement.

★ Safety for Savings Fletcher American NATIONAL BANK Southsait Corner <A Markst and Panmylvania

[3 AVIS I JEWELRY CO.

Men's and Women’s CLOTHING ON EASY CREDIT ASKIN & MARINE CO. 127 W. Washington St.

Akron’s Chief

'/jb& jga P f Jpl

New chief of the United States navy’s giant dirigible Akron is Commander A. H. Dresel, above, who has been named to succeed Lieutenant - Confmander C. E. Rosendahl. ARMS CUT ONLY ISSUE By United Press GENEVA. March 14.—The world disarmament conference resumed its work today, with disarmament the only subject before the League of Nations for the first time in five weeks. The threat of war in the far east was dismissed from league discussions.

A// aroundf/e Cl X) C K.. f| ® There's only one thing that will chase a Bl Bjjjjjj X.""T "% , I morning grouch quicker than a warm shower. ||jj|j| H E| S jj ll' jfl follow. And even if you’re rushed .. . (here's WM z Bfß t * me t 0 a Pl ,recialc Chesterfield's better taste. H rj o. Iff j flip D j S One man c °ff ee Another | jr* U S likes it strong. But it’s dollars to doughnuts Jm'r: j iff " I H both want mild cigarettes. And that means I aK 0 1 U Chesterfields. They get you started on the right ■|j 1 I ■ | 1 ' i. foot. They’re good anywhere. Anytime. B MMJ SSsA k MM • And later ••• in the office when the phones lIA begin to buzz and the big boss begins to shout jit: ‘ ‘ -MLf BL J||ti •• • put Chesterfield on the job. It staris out Hpk q I' cool . . . stays cool . . . and keeps you cool in . ■ Bk • It’s going (O he a big evening. So change and > . your clothes and siej) out. And don’t forget -y° ,,r Chesterfields. You'll need them. \nd if _ t y 'd^ V - Bf it's mixed rompam you'll want to Like nn e\Ua 'PpPWfB J§|B§| park. Their purity is their password .. . vlicrc- SmXr- ; : ::; vp y ,JB • ever people are particular. -/ R Ik : Miss yJji B m M j # Chesterfield has never failed to make its \ ■ |B contract. It bids a grand slam for mildness BBu * - V j/IM B and better taste ... and eomes through v ilh wKBm > 1 y ' all the honors every time . . . Because every mm *^ re< * leS * er *' isyarefully select^ w Actc \ wK *a day. And notice .. . the last one tastes just as I^^^BB||^3^|rß|^^^^B (Y'sLw good as the first, lhat sno accident. That s the mmmmmSk and WH Thursdays, Bosweii sisters. Wedms- \ " 'Bkl sum and substance of Chesterfield’s popularity I days arui f X . told in tWO Words ...” They Satisfy.” B WRAPPED IN DU PONT NO. 300 MOISTURE-PROOF CELLOPHANE ... THE BEST MADE / THEY’RE MILDER •• THEY’RE PURE •• THEY TASTE BETTER •• iTz&i/ l~lf O i9)t Liggett |e Utiu Tobacco Cos. J’ & f )

KOS CONVICTION TO BE PROBED BY BAIUROUP American Legion in Fight to Obtain Justice for War Hero. Investigation of the trial of Max S, Kos, World war veteran, convicted of manslaughter after the automobile deaths of two men and his bid for clemency, will be made by the Indianapolis Bar Association. This became known today when Criminal Judge Frank P. Baker announced that he had turned records of the case over to bar association officials and they had promised an immediate probe. Action by Baker came as friends and American Legion officials are seeking clemency in the case from Governor Harry G. Leslie. Ollie Davis, Indiana department chief of the legion, conferred with L. O. Chasey, secretary to Leslie, today. Davis, who publicly has charged Ira Holmes, defense counsel, did not treat Kos “fairly” and failed to perfect the appeal to the high court, showed Chasey a fee check, purported to be that paid Holmes by Kos for perfecting the appeal. It was reported at the courthouse to friends he “never would serve

THE INDIANAPOLIS TIMES

any time.” He was sentenced to one to ten years in state prison. Kos was convicted at his second trial He was charged with killing two employes of the Indianapolis street Railway Company on East Washington street, Dec. 31, 1928. In a public statement announcing the Legioh has joined Kos’ fight for clemency, Davis charges the veteran was deprived of fair trial because of an alleged misunderstanding about fees. Holmes said the fee provided for trial of the case in criminal court, and the attorney pointed out that Kos was tried twice before a verdict was reached by a jury. Holmes also said he still is holding a note for SI,OOO as part of the fee of $3,000 which Kos agreed to pay for his defense. “I did not agree to appeal the case to the supreme court at that fee,” Holmes declared. In the public statement, Davis said the legion is not questioning the guilt or innocence of Kos. “But the legion does believe that one with a record of bravery of military service, as has Kos, who with eight others volunteered and did go into ‘no man’s land’ and as the only survivor of a squad, flanked and put out of commission a machine gun nest, deserves complete justice,” Davis said. Kos did not know the appeal from his conviction had not been perfected, Davis charged. Holmes said his record and files of agreements in the Kos case are open to inspection by Leslie. ‘I never, at any time, represented to Kos or his relatives that I would fight the case all the way up for the original fee,” Holmes said.

JOBLESS FLAY POOR AID PLAN Demand Better Food and Higher ‘Made Work’ Pay. Approximately thirty-five members of the Unemployed Council and an equal number of spectators, in addition to fifteen policemen, w r ere at the office of Mrs. Hannah A. Noone, Center township trustee, 122 North East street, for a few minutes this morning for a demonstration planned by the council. Purpose was a protest against methods of dispensing poor relief and a demand for a wage of 40 cents an hour for “made work." Mrs. Helen Clark, R. R. 5, Box 165, and John Green, Negro, 460 West Seventeenth street, formed a council committee which conferred with Mrs. Noone. They declared many persons are suffering from undernourishment and urged more food be placed in poor relief baskets. Mrs. Noone gave the committee a sympathetic hearing and promised a continuance of best efforts to cope with the relief situation. Six men who tried to enter the trustee's office shortly afterward were stopped by a policeman who pointed out that the committee had been heard. The men refused to enter a line at the back of the office to receive baskets of food.

WOMAN SLUGGED IN HOME BY BURGLAR

Mrs. Blanche Miller Club Victim: Prowler Flees Without Loot. A prowler who slugged a woman in her home early Sunday was sought today as police and detectives investigated week-end thefts, loot in which is estimated at SSOO. Mrs. Blanche Miller, 24, of 1216 South Pershing avenue, was recovering today from a head wound sustained when, according to officers, she interrupted the work of a burglar after midnight Saturday. Mrs. Miller told police she was awakened by a noise. As she rose from her bed. the intruder struck her with a heavy stick, inflicting a severe head wound. The man escaped without obtaining loot, she reported. Alleged to have been carrying a stolen suit, a man giving his name a John Doe, 25, was arrested Sunday on charges of druunkenness and petit larceny. The suit was identified by its owner, Virgil Wiley, 26, of 524 North Alabama street, following capture of the suspect in a taxi. Thieves broke into a Haag pharmacy, 3373 North Illinois street, Sunday, stealing $6 from the cash register, John Dawson, manager, informed detectives. Home of Orville Pruitt, 410 North

Rural street, was ransacked by thieves who stole possessions of unestimated value. Smashing a window in the Miller jewelry store. 21 North Meridian street, early Sunday, a burglar fled with a tray containing three diamond rings. Others reporting thefts to police are: Mrs. Jessie Hayes, of 108 West Twelfth street. $45 Miss Bessie Barnett, of 2937 Paris avenue, unestimated; Harry H Cook, of 316 North State avenue. *55; Wilbur Phillips, of 334 North Colorado avenue. $10: Harry Hallstem, ot 5661 Carrollton avenue. SBS: William Aebker. R. R. 4. Box 4948. $3: Harrv Pieper. R P 4. Box 657. *4; Glenn Parter, of 1656 Livingston avenue; Harrv Hook, of 4820 East Twenty-first street, $2. and Alfred Gosbei, of 1027 Mills avenue, unestimated.

~ Watch Your Kidneys! Don't Neglect Kidney and If bothered with bladder irregulnrities. disturbed sleep and nag- HPp#' ?ing backache, heed promptly of some disordered kidney or If Jk i bladder condition. jap. . For more than .70 rears pratefnl users have relied upon f boon's Pills. Praised the eountry over. Get Doan's today. v ' VY • m A Diuretic Doan s Pills

MARCH 11,1932

GETS 25 YEARS FOR KIDNAPING

Ex-Convict Second Sent to Pen in Berg Case. By United Press ST. LOUIS. March 14.—Edward Barcume, 36, dark haired exconvict. today was under a twenty-five-year sentence for his part in the kidnaping of Alexander Berg, wealthy furrier, abducted on a busy thoroughfare in view of hundreds of homebound motorists. Nov. 6. Barcume is the second man to be sentenced.