Indianapolis Times, Volume 44, Number 133, Indianapolis, Marion County, 13 October 1932 — Page 5

OCT. 13, 1932.

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THE INDIANAPOLIS TIMES

Wife of Insane Heir Convicted in Check Fraud

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Mrs. Antoinette Monks

Mrs. Monks Found Guilty by San Diego Jury; Deliberate 12 Hours. By United Press SAN DIEGO, Cal., Oct. 13.—Mrs. Antoinette Giraudo Monks, wife of the insane Boston remittance man, Alien Bradford Monks, today was under conviction for passing two worthless checks and was confined in the county jail pending sentence, Friday. A jury, which for two weeks listened to the sensational story of her marriage to Monks, scion of a Boston ‘Mayflower family,” and her handling of his business affairs, deliberated twelve hours. Wiley L. Watson, aged uncle of Mrs. Monks, was acquitted. Testimony introduced by Hohn Holt, deputy district attorney, tended to show that Mrs. Monks and Watson held Monks a virtual prisoner for two years in order to gain control of his patrimony. Monks recently was adjudged insane and ordered confined in the state hospital at Patton. Search for the Boston man was instituted nearly two years ago when the bank which held in trust a million dollar fund for Monks learned that some other person was signing his remittance checks.

IRKED BY PAY CUT: . ROBS FIRM OF GOLD Man Confesses Stealing Bit by Bit; Total Amount Over $l5O. Angered because of a wage cut, Norris Jervis, 30, Zionsville, today confessed to detectives he has been stealing gold since 1931 from the Herff-Jones Jewelry Manufacturing Cos., 1411 North Capitol avenue, where he was employed. Jervis, according to his signed statement to police, said he started stealing bits of gold- from the plant from time to time, melted it into bars and sold it to a Chicago gold refining company. The Chicago company became suspicious because of the rough finish of the bars and communicated with the Herff-Jones company. Probable value of the gold, stolen bit by bit f?om the crucible* of the casting department where Jervis was employed, will amount to between $l5O and S2OO, police said. LOOT FILLING STATIONS $45 Total Booty In Two City Holdups. Attendants Report. Bandits’ loot amounted to $45 in two holdups of filling stations Wednesday night. A young gunman, described as not more than 18, took S2O from Renos Grafe, attendant at the filling station at Broadway and Tenth street. Richard Coburn, attendant at a station at Shelby street and Pleasant Run Parkway, was robbed of $25 by another gunman.

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DRASTIC CHANGE IN ANTI-TRUST LAWS TALKED Bar Convention Discusses Needs of Business to Whip Depression. BY RUTH FINNEY Times Staff Writer WASHINGTON. Oct. 13.—Modification of the anti-trust laws, widely discussed last year as a means of giving business greater freedom to work its way out of the depression, is being debated by the American Bar Association as a step toward greatly extended control of business by the government. Economic problems surrounding this choice between competition and monopoly as the basis of industrial and national welfare have intruded themselves into one discussion after another at bar association meetings here. Although the commerce committee of the association has agreed to present a modification bill to congress, which confines itself to extending the powers of the federal trade commission to improve industrial contracts, members of this group predict far more drastic action will have to be taken. Face Terrifying Specter Two New York attorneys, Julius Henry Cohen, counsel for the port of New York authority, and Alexander Levene, 'predicted eventual recognition of the fact that all business is invested with a public interest, and must be regulated by the government at the same time that monopolies and mergers are permitted for economic reasons. “Any one who thinks the end of the.anti-trust law agitation will be to let business combine freely, simply doesn't understand the American people and conditions here,” said Cohen. "The trend in this direction means more government regulation, no matter how much we fear the bogey of government interference with business. “Another specter as terrifying or more so confronts us. If the capitalistic system doesn’t modify itself in co-operation with the government, there is danger that it will be overthrown.” Predicts National Planning Levene predicted national economic planning as a result of antitrust law modification, and eventual government regulation of all industry. "When the Sherman act became law congress and the public thought that open competition would result.in low prices and prevent profiteering, and thereby would maintain purchasing powi er,” he said. “But they disregarded the neces- ; sary relation of prices to wages, and | overlooked the fact that the same ! competition which was expected to j reduce prices would prevent the in--1 crease of real wages in proportion i to the increase of production, and, ■ therefore, would fail to accomplish ; the objects of maintaining purchasj ing power. “Equitable distribution to maintain purchasing power by reducing the hours of labor and increasing real wages is impossible while industry is ruled by the wild forces of competition.” Assails Work Staggering Levene demanded that the antitrust laws be retained, and be modified only when accompanied by thorough provision for government regulation of trade agreements and power to assure fair prices to consumers. “The fear of regulation no longer should keep us in the rut of cutthroat competition, but amendatory legislation should be enacted without delay,” he told the committee. Levene branded attempts to stagger employment accompanied by wage cuts as shifting “from private and public charity to the employed and partly employed wage earners, the burden of feeding the unemployed.”

HIGH SCHOOL PRESS CONVENTION IS SET Frederick M. Snyder, New York Journalist, to Speak. By United Press FRANKLIN, Ind., Oct. 13.—The eleventh annual convention of the Indiana High School Press Association will be held at Franklin college, Oct. 20, 21 and 22. Frederick M. Snyder, New York journalist, will deliver the principal address at the meeting Thursday speaking on “Keeping Ahead of the Headlines.” Friday, Oct. 21, Merle Abbett, superintendent of Ft. Wayne city schools, will address the convention on “Publications as Aids to School Administration.” Officers of the Indiana High School Press Association are James Wagner, Franklin, president; Richard Smith, Hammond, vice-presi-dent; Sarah Jane Ritchie, Lebanon, secretary, and R. E. Blackwell, Franklin college, executive secretary'.