Indianapolis Times, Volume 44, Number 110, Indianapolis, Marion County, 16 September 1932 — Page 1
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KILLER'S WIFE BARES ILLICIT LOVE-AFFAIR Bedford Contractor Slain as Result of 20 Years of Stolen Romance. SELF DEFENSE IS PLEA Scuffle Preceded Killing, Is Claim of Man Held on Murder Charge. By 7 t m ex Sperial BEDFORD. Ind.. Sept. 16.—An Illicit love affair of twenty years standing which led to a slaying was ! revealed today through the. testimony at a coroner's inquest by Mrs. Nina Williams, whose husband, Albert, 53, Thursday fatally wounded Walter Blackwell, 50, a contractor and father of seven children. Blackwell was slain Thursday ; morning: ,in front of the Williams home. Two bullets from a ,38-cali- j her revolver fired by Williams brought death. Testifying at, an inquest conduct,r<i Thursday afternoon bv Coroner O. D. Emerson, Mrs. Williams confessed her love for the dead man and said he had deeded her real estate in North Bedford, but declared she had bought the property.! Self-Defense to Be Plea In a statement following the inquest, Mrs. Williams said she would withhold nothing when her husband goes on trial. He is held on a first degree murder charge. Williams has indicated that he will plead self-defense. He says that he and Blackwell scuffled before the shooting. •* The accused man points nut that; he has been in ill health, and the contractor was a larger man. According to Williams. Blackwell stopped his automobile near t,hp Williams home shortly before 7 Thurs- j day morning, and sounded thei horn. Williams, who was seated on the j front porch, called: "I w-apt to see you, you yellow. dog.” Funeral Set for Saturday The contractor left his car, advancing toward Williams. The I scuffle and shooting followed. Mrs. Williams was In the kitchen : when the shots were fired. While the body of Blackwell lay with the head on the street curb, she said to | those about, her: “I suppose the people will blame j me for this. O, God, I wish it w'ere me out there in the place of him.” Mrs. Blackwell arrived at the scene before the body of her husband had been moved. She was silent,. * Funrral services for Blackwell will he held at, the home at 2 Saturday , afternoon. Burial will be in Green Hill cemetery. STOCKS CHIEFS OPEN POLITICS NEWS PROBE Demand All Telegrams Pealing With National Matters. By United Prexx NEW YORK. Sept. 16.—The New' York Stock Exchange committee on business conduct today requested all New' York City members to send in by noon all telegraphic communiications dealing. In any w'a.v, w'ith topics of a political nature sent or received by them between Sept. 1 and Thursday. Out-of-town members must submit similar data by Sept. 19. The Stock Exchange refused to elaborate on its announcement requesting the information, or to explain its significance. Political opinions expressed in brokerage literature w'ere alleged by some observers to have inspired professional attacks on the stock market, causing a sharp break in prices. The majority of commentators, however, held that the recent reaction of the market was more in the nature of an over due technical correction after a prolonged advance.* ARREST MINE LEADER USING ARMORED CAR President of Associated Union Placed Under Bond of S3,fto9. Bat nited Prexx CLINTON. Ind.. Sept, 16. Charged with using an armored car, Vern Bennett, president of the Associated Miners’ Union of Indiana. is at liberty under *3.000 bond. Vermillion county authorities announced here today. Warrant for arrest of Bennett lor violation of a state law prohibiting use of armored vehicles except by peace officers was issued from the office of Attorney-General James M. Ogden at Indianapolis, they said. Bennett recently sought permission to use an armored automobile to transport workers to the Vermillion mine near Clinton. 500 GET JOBS AS TWO STATE MINES REOPEN Large Shafts Near Terre Begin Work Under New Scale. H* t nited Prexx TERRE HAUTE. Ind., Sept. 16. Two more large mines near here began hoisting coal today under the new wage contract signed by operators and union officials last week. More than 500 men are employed at the two shafts. TMe Dresser mine, north of here, opened with 450 men. It supplies roal for the Dresser power plant. The Saxton mine, with nearly 100 men employed, also resumed operations.
The Indianapolis Times Generally fair toAigrht and Saturday; somewhat cooler tonight.
VOLUME 44—NUMBER 110
?? P ? • • • • Pi esident Herbert Hoover has been lauded in a variety of ways by a variety of his supporters. but it remained for Frederick E. Schortemeier. attorney and former secretary of state, to reach the imagination height of "gift of God.” Delivering the principal address at the campaign opening of Wavne township Republicans Thursday night at Lincoln hall. Schortemeier pictured the President as a "great financial engineer sent by God to lead tne way during the present crisis.” Terming Senator James E. Watson one of the mighty men of the Republican party and a pow'er in the national administration," Schortemeier said "it would not be right if Old Jim does not go back to help President Hoover on Capitol Hill.”
SII,OOO POSTAL LOOTING BARED Currency Shipment Stolen at Terre Haute Postoffice. By Ini led Prexx TERRE HAUTE. Ind., Sept. 16. The United States postofflee at Terre Haute has been robbed of SII,OOO in currency, according to information released from the office if United States Commissioner Clydo Randel here today. Warrant for the arrest of two men, Harold Fasig, 29. substitute clerk at the postofTice, and Kenneth Coker, 22, said to be an unemployed accountant, as suspects in the robbery, have been issued from Randel's office. Envelopes that contained the money shipment were said to have been found at Coker’s home. The shipment of currency w'as from the office of the controller of currency of the United States, and was addressed to tw’o local banks and a Sullivan Und.* bank. Names of the Institutions were not announced. The robbery, it w-as said, occurred Sunday and investigation w'as started immediately. Fasig was reported to have been on duty at the time the shipment arrived and place the consignment in the postoffice safe. Shortly afterward. authorities said, Fasig and Coker disappeared. ACT IN CELL DEATH Illinois Coroner Jury Holds Deputy on Charge. By United Prrxx PEKIN, 111., Sept. 16.—Deputy Sheriff C. O. Skinner w'as held to the Tazewell county grand jury today by the coroner's jury in the death of Martin Virant, prisoner found dead In his cell after making charges of a "third degree" beating. The jury held Virant did not commit suicide as Skinner had reported to the coroner. NO WORD OF MISSING AMERICAN NURSE PLANE Liner Captain Tells of Last Glimpse of Fliers Far Out at Sea. By United Prexx LE HAVRE, France, Sept. 16. Captain Thoreux of the liner France, last person to report seeing the missing New York-Rome monoplane, American Nurse, told today how' he saw a “gleaming aluminum hull” flash past his ship 450 miles west, of Land s end. "The plane flashed by at about 110 miles an hour.” the captain said w'hen his ship docked here. "It was at an altitude of 300 feet. "I was on the bridge, but was unable to distinguish the name of the plane, even with glasses. But I saw' the gleaming aluminum hull.” No word was received of the American Nurse after the France reported sighting a plane Wednesi day. If the plane sighted w'as the machine op a projected New' YorkRome flight, it was far nortfi of its former course. Farley Predicts Victory i By t nited Prrxx CLEVELAND. Sept. 16.—James A. i Big Jim* Farley, chairman of the Democratic national committee, predicted an overwhelming victory for the Roosevelt-Garner ticket here to- ! day.
RETURNS TO FILMS Buddy Rogers to Head for Hollywood Once More. By United Prexx KANSAS CITY, Mo., Sept. 16. Charles (Buddy* Rogers, the Olathe (Kan.) boy, who made good in the films and then gave it up to lead his own dance band, has succumbed again to the Hollywood lure. He will disband his orchestra, now playing at Jersey City, N. J., Oct. 1 and head for screenland once again, friends here were informed today. DetaiL* of his new contract were not given. WAR MOTHERS HOME Leviathan Docks at N. Y.. Ending 1932 Series of Pilgrimages. By United Prexx WASHINGTON. Sept. 16.— Arrival of the Leviathan at New York today with ninety-three mothers or widows of American soldiers killed in France nr at sea marked the end of the 1932 series of pilgrimages, during which 566 American women vi£itecWrencfc battlefields.
BITTER FIGHT FACES LEGION BONUS DRIVE Cash Payment Demand Will Draw Fire From Potent Adversaries. JOHNSON IS COMMANDER Resentment Lingers on Burial of Bonus Rout Cenure Move. BY MAX STERN Times Staff Writer PORTLAND. Sept. 16. The American Legion that broke camp here Thursday night is faced with the stifTest battle in the thirteen years of its history. The fight to come is, for the first time, both offensive and defensive. In its vote to force upon congress the $2,400,000,000 bonus payment, and to halt all attempts to w'rite a "needs clause” into veterans’ legislation the legion not only will draw fire from the National Econ-
omy League, United States Chamber o f Commerce and other potent adver s a r i e s, but it must contend w' i t h formidable opposition from inside its ranks. This is stronger than was revealed by the 1.167109 pro-bonus vote. President Hoover already has shown he is prepared t o W’age an aggressive fight against the bonus-inflation bill.
Maurax a
Johnson
"Any man who reads a newspaper knows we are under fire,” warned Sam Reynolds of Nebraska as he took the floor amid a mixture of cheers and boos in the lutile effort to stem the bonus landslide. "They haven’t even started this anti-veteran campaign. When they cut loose there will be a withering blast of anti-veteran propaganda that will wreck any organization, except one founded upon true principles and ideals and with courage to stick to those principles” Resent Rebuke Failure Reynolds previously had withdrawn from the commandership race. Colonel Henry D. Lindsey of New' York, a past national commander, also appealed, amid boas, to “put country first, self second,” and warned against "the time w'hen public opinion sets itself against the legion.” Adjournment found considerable resehtment among t.he rank and file because of the resolutions committee's burial of the bonus rout censure resolution. E. G. Moyer of Pennsylvania said he feared some of the resolutions committee delegates had betrayed their departments. "I understand there were twenty states with resolutions of censure like ours,” he said. ‘‘There'll be a lot of explaining when those boys get home.” The convention floor, disappointed at the action, took some comfort in voting reproval for the appearance of hundreds of statements by War Secretary Patrick Hurley, defending the bonus rout, and scattered over the floor in war department envelopes. Hurley, en route home, denied knowledge of the affair. Vote Prohibition Repeal Widely felt indignation over the bonuseers’ eviction of July 28 partly was responsible for the big probonus vote, a vote that many took as a reproof for the rough treatment given the ragged pro-bonus marchers at Washington. The prohibition repeal resolution, forced by popular demand to a vote I of 1,144 to 133, w'as the only other ! rebel move. Otherwise the legion wmund up its affairs in routine | spirit. Louis A. Johnson, the new' Legion : commander, is a wealthy law'yer of Clarksburg. W. V.. a conservative of | the good- fellow type. He says he i will go through for the program 100 per cent.
Better Beer Is Promised After Repeal Is Voted By United Prernr NEW YORK, Sept. 16.—Better beer —and strictly American —is promised the country after repeal. The United States Brewers’ Academy, not a home-brew school, will open Oct. 3 with the largest enrollment on record. The academy was founded in 1882 to turn out master brewers, and has been in operation since with a slight lapse between 1918 and 1930. Most of the academy's students are men with five to ten years’ practical experience in brewing, for. as one of the professors explained, "we can't make master brewers out of men who have academic training but no technical experifnce. for%ou know* a glass of beer isn't all suds. ’ Hourly Temperature* 6a. m.. ... 62 10 a. m 70 7 a. m 62 11 a. m 71 *a, m 65 12 <noon).. 71 9 a. m..... 6T* 1 p. nu... 71 v ■
INDIANAPOLIS, FRIDAY, SEPT. 16, 1932
‘Penny-a-Disli ’ Cafeteria for Poor to Be Opened Meals which will be served to needy persons at a cost of 1 cent for each dish will be offered about Oct. 1 in a cafeteria to be operated by Seventh Day Adventist churches, it w'as announced today by the Rev. Robert S. Fries, district superintendent. The "penny-a-dish” plan has been successful in several sections of the country, according to Mr. Fries, who points out that it supplies food without the stigma of charity being placed upon the recipient. Adventist churches throughout the state will contribute food for the cafeteria, location of w'hich has not yet been determined.
RACE TO SAVE ADMIRAL'S LIFE Battleship Is Speeding to Reach Hospital. By United Prexx SAN PEDRO. Cal., Sept. 16. Racing against time, with the life of Vice-Admiral Joel R. P. Pringle at stake, the battleship West Virginia sped southward today under forced draught from Port Angeles, Wash., to San Pedro. Specialists were to meet the vessel, due here at 6 p. m. Saturday, to attend Admiral Pringle, critically ill with a bladder ailment. Plans were made for an emergency operation either at Long Beach or San Diego. Admiral Pringle suffered a sudden relapse in the north, and the navy department issued special orders so he might be rushed here and receive the attention of specialists familiar with his case. He was said to be too ill to travel by airplane. Captain Waiter S. Anderson, commanding the West Virginia, radioed the naval base here Thursday night that he was maintaining an average of nineteen knots. No information on Admiral Pringle's condition was made public. Mrs. Pringle and her daughter are en route from Seattle by train. Admiral Pringle Is slated to become chief of naval operations. Feb. 28, succeeding upon his retirement, Admiral William V. Pratt and receiving the highest honor possible for an officer of the United States navy.
50,000 AT DENVER CHEER ROOSEVELT
j ‘I Don’t Care!’l + | + 4* 'T'HAT w'as her song. The + A theme song of her life j —and the stage song that J thrilled a generation of thej ater-goers. Read the colorful story of * the career of Eva Tanguay—j the most amazing mad-cap the | stage ever has knowm. Gilbert j Swan has traced her meteoric ! life in three sparkling articles J beginning Monday in j The Indianapolis Times j j
ERROR KILLS THREE Nurse’s Mistake in Operation Is Fatal. By United Prexx CINCINNATI. 0., Sept. 16.—The county coroner's office announced today that three patients at Longview' hospital, state institution for the insane here, died today as the result of a mistake made by a nurse during an operation. . Monkey to Be Gift By I nitrd rrexx BERKELEY. Cal.. Sept. 16.—The body of Psyche. 30-year-old monkey, who spent many years of her life at Yale university and the University of California, w'ill be preserved by the zoology department of the University of California, it was announced today.
BRITISH JARL DEAD Nobleman Was Linked to Famous Cathcart Scandal. By United Presx LONDON. Sept. 16.—The Earl of Craven. 35, cited as a co-respondent in the divorce action brought by the count of Cathcart against Vera, countess of Cathcart in 1922. died today at Pau, France, according to private advices received here. The countess was denied admission to the United States on grounds of moral turpitude the following year. RAIN ENDS HEAT WAVE Average Temperature Thursday Was 7 Degrees Over Normal. A thunder storm early Thursday night broke a heat wave which at 4 in the afternoon sent the mercury' to 86. while the average temperature for the day was seven degrees above normal. At 7 this morning, the temperature was 62. one degree above normal. At the same hour Thursday there was a margin of two degrees abov* normal. jT
LYNCH NEGRO IN ARKANSAS 500 Irate Citizens Drag Him From Mayor’s Office. By United Prexx CROSSETT. Ark., Sept. 16.—Another death by lynching was added to the annual toll today after 500 irate citizens dragged Frank Tucker, 24, Negro, from a city hall office Thursday night, and hanged him in the jail yard. The Negro, arrested on a charge of stealing ten silver dollars from the bank of Crossett, had slashed Deputy Marshal Henry Reed with a razor. Tucker then fled, pursued by a rapidly formed, mob. He finally sought refuge in the mayor's office. The mob dragged him out, carried him to the jail yard, and hanged him. The sheriff, out of town when the outbreak occurred, returned, and cut the body down after forty-five minutes. TWO KILLED IN CRASH Auto in Which Victims Are Riding Collides With Stalled Truck. By United Prexx LAFAYETTE. Ind., Sept. 16.—Two persons were killed instantly and two others were injured when the automobile in which they were riding collided -with a stalled truck near here. Mrs. Edna Alexander. 34. Peoria, 111., and Mrs. Mary Alexander. Wilmington, 111., killed.
Governor to Take Up Silver Issue in Next Speech at Salt Lake City. BY FREDERICK A. STORM Unitrd Press Staff Corresoondent CHEYENNE, Wyo., Sept. 16. Governor Franklin D. Roosevelt, Democratic presidential nominee, today pointed his campaign toward winning the far w'est, with a program designed to strike a responsive chord in an address at Salt Lake City. The Governor, it w'as indicated, plans to take up the silver questiev The train bearing Roosevelt on his transcontinental tour, left here at 11 a. m. today with Laramie, Wyo., the next scheduled stop. He is represented as understanding the west's theory of the silver problem as one affecting the purchasing pow'er of one-third the worlds population, and as having a sympathetic understanding of the west's contention that if silver were rehabilitated our trade with Asiatic countries would be revived. i Managers Are Delighted In Denver, leaders told Roosevelt, the people believed a settled policy on silver would be the answer to surpluses and other unsettling factors of the economic situation. The Governor arrived in Denver after a swing through the farm belt that delighted his managers. Great crowds turned out, and in Denver he was greeted by upward of 50,000 persons w'ho lined the long roikte of his passage to his hotel. A party split was smoothed over for the occasion when rival Democratic candidates for Ihe party's senatorial nomination met at his train for the first time since the primary, shook hands, and discussed with the nominee ways and means of carrying Colorado. Assured of Victory Roosevelt left Colorado early today with the assurances of party leaders that the state will be in his column in November. Visiting Fitzsimmons general hospital, Roosevelt w'as accorded a lone soldier’s shout asking how' he stood on the bonus. His speeding car prevented an answer. Later in his press conference, the Governor displayed interest in the American Legion's resolutions on the subject, but declined to comment. Roosevelt indicated that he would elucidate further his agricultural tariff and bounty pronouncements in a later address, possibly that in Sioux City, la., on his return trip east, ‘DEPRESSION COLLEGE’ WILL BE LAUNCHED Year’s Education, Room and Board for $250 to Be Offered. By United Prexx WASHINGTON, Sept. 16.—Plans for a “depression college" in Virginia. where $250 will bring a year's education, room and board, have been announced here. Dr. A. C. Hill Jr., economics professor at Springfield college, said the institution will open in October “and without money, unless some of the freshmen pay their tuition in advance.” Organized athletics will be banned, undergraduates finding recreation as well as supper by hunting and fishing. A staff of twenty 'experienced teachers” and 100 students is the aim. Two old colonial houses and an abandoned town hall at Port Royal, .Va, will tot the at*.
Entered &s Second Class Matter at Postofflee, Indianapolis
SHERIFF CALLS FOR TROOPS IN FARM UPRISING Demand From Sioux City Zone Made After Deputies Are Trapped, Stoned. HELD ‘BEYOND CONTROL' Picketers Are Angry Over j. Move to Clear Roads, Governor Told. By United Prrxx SIOUX CITY, la., Sept. 16. Sheriff John A. Davenport today | telephoned Governor Dan W. ; Turner asking that the. militia be j sent here, after a critical situation developed in the farm strike blockj ade of highways leading io the city. Governor Turner, who previously had refused requests for the na- ! tional guard, did not indicate imj mediately w'hat action he would I take. Sheriff Davenport called on the | Governor for aid after the picket forces lured a group of his deputies into a trap, and stoned them seI verely. The men were stoned in retalia- ! tion for arrests of fifteen pickets by | deputies Thursday in a foray in I which night clubs were swung freely, and a roadside picket camp burned. Pickets in Angry Mood Davenport informed the Governor ! that he fears further violence unless militia is sent into the area. He said his force of deputies is ; insufficient to prevent renewed outbreaks, w'hich he believed imminent due to the high feeling aroused by the clash of deputies and farmers. The pickets, he said, are in an angry mood due to organized efforts of the sheriff’s forces to disperse them. Davenport said the picketers resorted to a ruse to get the sheriff's deputies out on the highways. One of the pickets telephoned the sheriff’s office saying help was needed by truckers to get through | the picket lines. Four carloads of deputies re- , sponded, and passed unchallenged j through the picket lines. When they turned about after j finding no one in need of help they were met by the pickets with a hail of missiles. Rocks and clubs were thrown at the cars loaded with officers. Windshields w ere broken and deputies bruised. Protest Meeting is Held The incident so angered the sheriff that he immediately telephoned the Governor declaring that "the situation here is beyond my control.” "I call on you to open our highways for a resumption of business throughout the Sioux City territory.” ' y The pickets seek to raise the price of farm products by an embargo of I produce on the local market. Turner said he still hoped to j settle the matter wdthout resorting to the use of militia. Approximately 300 business men I attended a protest meeting here Thursday night, at which speakers declared the blockades on Sioux City highways have cost the city thousands of dollars daily in lost trade, BAR LEON TROTSKY Czecho-Slovakia Refuses to Guarantee Safety. ! By United Prexx PRAGUE, Sept. 16.—The government's decision to permit Leon Trotsky to enter Czecho-Slovakia for his health has been revoked after protests by the Czech legion against admitting “the murderer of Czech legionnaires in Siberia.” Minister of Interior Uraj Slavik said he was unable to guarantee Trotsky's safety. The Czech legion includes ex-soldiers w'ho served in Siberia. SWAPS NINE COWS FOR YEAR IN UNIVERSITY Louisiana Mis* Pays Her Tuition With Herd of Hereford*. i By Uniird Prexx BATON ROGUE. La., Sept. 18.Blond. 17-year-old Elena Percy, | farm girl of West Felineia parish, became a student of Louisiana state university today, and the university became owmer of nine Hereford ; cows. Miss Percy arrived late Thursday at the university campus, astride her pet horse, Satan, and driving the j cows. She announced she had come to swap the cows for a year's university : tuition. President James M. Smith accepted for the university.
OFFICERS BREAK UP CAMP OF ILLINOIS MINE PICKETS
By United Prett i WILMINGTON. 111., Sept. 16. Ninety state highway police and deputy sheriffs today broke up the camp of 1.500 miners, who had been j picketing the Wilmington mine of the northern Illinois Coal Corporation. There was no disorder. With military tactics, the officers formed the pickets' automobiles into line, and escorted them to Livingston county. A
Snake Rescued From Clutches of Tiny Spider
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A striking picture of the life and death struggle of spider and snake. By Timex Special ST. CHARLES. 111.. Sept. 16. Man has intervened to halt nature's life and death drama, after an epic struggle of tw-enty-six days. The garter snake w'hich has w'on nation-wide fame in his losing battle to fight free from the w'eb of a black spider, w'here he has been a captive since Aug. 22. has been snatched from the tentacles of death. Hundreds of visitors flocked again to the pumphouse of the city water system here, to be told, "Show's over.” The spider spins on, waiting for anew victim, and the snake, weak and emaciated, has gone far, far away to recuperate. For three weeks the pumphouse has been thronged with visitors, watching the struggle. Caught in the w'eb, the victim has fought desperately to squirm free of the w'eb w'hich his capto'r tirelessly has spun about his wuiggling head and body. By infinitesimal fractions, the bonos have been tightened and it w'as only a question of time until the spider should end the life of his prisoner. M • M NEWS of the struggle spread far and wide. Scores came every day from other towns in this vicinity to view it. Then the Chicago Humane Education Society stepped in. In a letter to Mayor I. G. Langum the society protested against the spectacle, citing the statutes of Illinois. So the mayor, weakening under pressure, in the stillness of the early morning hours today, slipped into the pufnphouse and snipped the web with scissors. At least, the towm folk believ it was the mayor, though others say they saw two of the city fathers enter the pumphouse Thursday night. “The snake w'a.s freed out of sympathy,” said Langum. "He could not have w'on. It w'as just a question of time until lack of nourishment would have meant his death. The spider had established his supremacy, so there w'as no reason to continue the unequal fight.” DOROTHY MILLETTE’S BODY IS UNCLAIMED Estate Left by Bern Suicide ‘Mystery Woman’ Is $35, Fine Clothes. By United Prexx SACRAMENTO. Cal., Sept. 16. The body of Dorothy Millette, “other woman” in the life of Paul Bern, remained unclaimed in a local morgue today. Coroner James R. Garlick will hold an inquest tonight to establish formally that the red-haired former actress leaped to her death from a Sacramento river steamer a few hours after she learned that the Hollywood film producer had committed suicide. Garlick said the estate of the mystery woman in the life of Jean Harlow's husband of two months would be placed in charge of a public administrator. It consisted of *35, found in the purse she left aboard the river boat, and a trunk full of expensive clothes she abandoned ih a San Francisco hotel. RAT ECU T IS DEMAN DE D Odon Town Officials File Petition Against Utility Company. Cheaper electricity for stoves and refrigerators is asked in a petition filed today with the public service commission by officials of the town of Odon against the Public Service Company of Indiana.
The Wilmington mine ordered its full force of 225 employes to resume work this afternoon. Four employes of the mine were bruised, and three automobiles were damaged by flying stones, during picketing Thursday. Three pickets were shot, but not dangerously wounded, later in the day. The 1.500 pickets succeeded in closing the mine Thursday in their campaign against the *5-a-day wage scale under which it was operating.
HOME EDITION PRICE TWO CENTS Outside Marion County. 3 Cent*
INSULL CRASH COSTS PUBLIC BILLION LOSS Tragic Story Told in Red Ink by Middle West Company Receivers. PROBE PLANS MAPPED State’s Attorney and U. S. Judge to Co-Operate in Inquiry. By United Prexx CHICAGO. Sept. 16.—The tragic story of where aproximately $1,000.000.000 of the investing publics money went in the crash of the middle west Utilities Company was told in red ink in a receivers’ report submitted to the federal court today. The report covered the giant Insull holding compa-ny. but not the fifty-four operating and subholding companies. It deals with the period from Jan. 1, 1930, to April 14. 1932, when the company went into receivership. A loss to investors of more than $714,000,000 in common stock, alone, was indicated in the summary of auditors for Edward N. Hurley and Charles A. McCulloch, receivers. McCulloch commented: "The audit speaks for itself. In the opinion of Mr. Hurley and myself. the future of the company depends on a change in business conditions and on good management.” No Criminality Evidence While the receivers and their attorneys were en route to Federal District Judge Walter C. Lindley’s chamber to confer regarding filing of the report, Lindley and State's Attorney John A. Swanson completed a brief conference looking to an inquiry into the entire Insull utilities empire. "We have found no evidence of criminality so far,” Judge Lindley said. Sw'anson s comment was: "We discussed the entire Insull situation, but found no evidence of law violation. We reached an agreement to collaborate, the state to assist the federal government in any matters under its jurisdiction, and the federal government to aid the state in like manner.” May Save Some for Public Judge Lindley expressed hopes that most of the potential loss to investors in both the Middle West Utilities Company and its subsidiary, the Mississippi Valley Utilities Investment Company could be prevented. He said he saw only a gloomy prospect for two other Insull companies—Insull Utilities Investments, Inc., and the Corporation Securities Company. It was pointed out that the pemmon stock of the Middle West company is carried on the books at $144,809,000. The $714,000,000 total is shrinkage from peak prices. Subsidiary Chief Ousted Before thp Middle West Utilities report w’as submitted, attorneys for that company and for the Mississippi Valley Utility Investment Company. a subsidiary, agreed to turn over control of the American Central Holding Company, a $5,000,000 or $6,000,000 concern, to R. W. Morrison, San Antonio, Tex. The American Central holds stocks in Mexican operating companies. The move was made, it was explained, for the benefit of stockholders in the parent concerns. Resignation of Marshall Sampsell as president of the Central Illinois Public Service Company, a subsidiary, and as a director of the parent company, was on demand ol the receivers, the report revealed. Both Brothers Out of U. S. According to the receivers, Sampsell had taken 4,000 shares of *6 preferred stock, depositing his trust receipts. After his resignation, the report said. Central Illinois acquired 2.000 of the shares which had been held on joint notes of Sampsell and Martin J. Insull. These shares were acquired by purchase of the notes. Claims have been filed with bonding companies on the remaining shares. Samuel Insull, guiding genius of the maze of utilities companies and their holding concerns, is in Paris. His younger brother, Martin, who acted as president of many of the companies and who apparently w'as a laree speculator in the stock'market, is in an Ontario village. SEN. WATSON RECOVERS Attends Lincoln Statue Unveiling Today at Ft. Wayne. Senator James E. Watson attended unveiling of a Lincoln statue today at Ft. Wayne, apparently fully recovered from an indisposition which caused him to halt a speech at Madison, Wednesday afternoon He was said to have been weakened due to high temperature in an auditorium where he was addressing a southern Indiana Republican meeting. Watson's speaking schedule next week is Marion. Tuesday; Muncie, Thursday, and Logansport, Saturday. TWO BURN TO DEATH Mother and Daughter Are Trapped in Blazing Auto. By t nited Prexx FREEPORT. 111., Sept. 16. Trapped in a blazing automobile, a mother and her daughter were burned to death near here. The mother. Mrs. Frank Botdorf, 58. Freeport, and her daughter, Mrs. J. Ray Marler. died before aid could reach them. Mrs. Mabel Slatman, 26, also of Freeport, another daughter, and Frank Botdorf. the husband, suffered burns but will re* cover.
