Indianapolis Times, Volume 45, Number 309, Indianapolis, Marion County, 7 May 1934 — Page 5

MAY 7, 1931.

INSULL RETURN AIDS LAWS TO HELP INVESTOR U. S. Records Tell Sordid Story in Collapse of Utility Empire. BY RUTH FINNEY Tlmci Staff Writer WASHINGTON, May 7.—Samuel Instill comes back just In time to heip make investors safe from men like himself. . The story of what he did with the savings of half a million persons has already figured in the government investigation out of which the stock market bill grew. It will figure again when the bill is debated this week in the senate. His arrival may help protect utility rate payers as well as investors. The house has on its program this week the Johnson bill closing up one of the principal routes by which utility companies have escaped from rate reduction orders. The Johnson bill takes from federal courts the right to hear appeals from the rate decisions of state utility commissions. Smith Gift Recalled Government records tell of the 1.. all who contributed $237,000 in one Illinois primary campaign, $125,000 of it to Frank L. Smith, head of the Illinois public service commission, candidate for the United States senate. Insull tried so hard to keep this contribution secret that' he was almost cited for contempt of the senate. Through Halsey Stuart & Cos., Insull hired a Chicago professor to speak over the radio as “The Old Counsellor” and advise the public to invest in utility stocks. Hundreds of millions of dollars were collected from the public. And when Corporation Securities Company of Chicago went into receivership, its liabilities amounted to $115,751,201, its assets to $112,768. Federal trade commission records give an idea as to what became of the money. Something for Nothing By means of a $3,590,000 bank loan, a transaction of that amount between two Insull security companies and a merger, Halsey Stuart & Cos. acquired a million shares of Insull’s Corporation Securities Company of Chicago for nothing, the trade commission says. Someone else paid. Here’s another story of complicated finance. Insull. Son & Cos. was organized in 1924 to do a brokerage and commercial business mostly in Insull securities. Companion companies were Insull. Son & Cos. Ltd., which operated in London, and Insull, Son & Cos. of Canada, Ltd., which operated in Canada. The trade commission found that it was the habit of Insull, Son & Cos. to sell Insull securities to its parent company. Insull Utility Investments, Inc., at prices in excess of the market. Cash Balances Disappear With the profits it made it declared dividends which the parent company c Ilected and, in turn, used for dividends payable to another company. A fourth Insull company profited in such transactions by collecting commissions on these sales from one pocket to the other. In one case commissions amounted to $600,008. There was no cash balance to the credit of any of these companies when the crash finally came. Other records say that annual reports of Corporation Securities Company of Chicago and Insull Utility Investments, Inc., showed large net incomes in the years just preceding their collapse. These were for circulation among investors. Income tax returns for the same years showed net losses. Faces Bankruptcy Charges The federal government accuses him of violating federal bankruptcy laws by transferring assets from Corporation Securities Company of Chicag just before its collapse. It also accuses him of mail fraud, in information distributed to investors asking them to buy Insull stocks. Cook county, Illinois, charges that Insull took assets from Middle West Utilities Company and Mississippi Valley Utilities Company to use in protecting brokers' accounts with which he speculated on margins. If Insull should be found guilty on all these counts he faces maximum jail sentences of thirty years.

RIFLE SHOOT IS WON BY MAJOR GERY'S TEAM Five Representing City Triumph in National Guard Match. Major John E. Gerv's five-man team of the state detachment quartermaster corps of Indianapolis won the annual Indiana national guard match at the armory yesterday with a score of 8&0. Captain Ralph Gery. Indianapolis, and Captain Milo D. Snyder. Warsaw, tied for high score with 187. Private Robert W. Platte. Indianapolis. got 186 and Sergeant August Belter. Shelbyville, 184. Other teams in the first five finished as follows; Company K. One hundred fifty-second infantry. Ft. Wayne, headed by Captain John F. Houck, score 871. second: Company A. One hundred fifty-first infantry, Shelbyville, headed by Captain John D. Friday, score 853. third; Company L, One hundred fifty-second infantry. Warsaw, headed by Captain Milo D. Snyder, score 851, fourth, and Company I, One hundred fifty-first infantry, Terre Haute, headed by Captain Paul D. Harter, score 822, fifth. SHRINE WILL SPONSOR BENEFIT CARD PARTY Proceeds Will Help Toward Expenses of Convention Trip. ’The First Round-up,” a stag party, will be given under the auspices of the uniformed organizations of Murat Temple. Mystic Shr.ne, at the Shrine Mosque Friday night. Proceeds will go to a fund to take the uniformed groups to the Shrine imperial council session in Minneapolis in June. A floor show will be presented under the direction of Miss Florence (Mickey) McShane. local night club entertainer. A buffet luncheon will he served.

OVERCAME FIRE LOSS Evergreen Masons Built New Home

This Is the eighteenth of • eerie* et hUtorle* of Marion County Maeonle bloe lodcre which I* brine published each Monday in The Times. A hletory of Bridgeport lodee will be published next week. REAL birthplace of Evergreen lodge No. 713, Free and Accepted Masons, like Calvin Prather lodge, was a barber shop. It was at Nick Hurst’s shop, on the southeast corner of Addison and Washington streets, that, while waiting for shaves or haircuts, a group of Master Masons, during the fall of 1918 and spring of 1919, aired their opinions on the possibility of founding a blue lodge which would draw its membership from the vicinity. And it was in this same barber shop that the earlier agitation first took shape in organized action; for there It was that the founders of Evergreen held their first meeting and decided to attempt to meet the demand for formation of a lodge. The date was April 13, 1919. Once organized, the founders held meetings at various places in the community, and when, at last, a petition was forwarded to the grand lodge of Indiana requesting dispensation to organize a blue lodge, the petition bore the signature of thirtyone Master Masons. It was the stated intention of the signers that Evergreen become a neighborhood lodge and such it has been, and a most successful one, too. ever since dispensation was granted by the lodge on Aug. 29, 1919. First stated meeting of the new organization was held on Sept. 5 of that year in the temple of North Park lodge, which had generously tendered all its facilities to Evergreen until such time as the young lodge could obtain quarters of its own. But much as they appreciated the generosity of North Park, Evergreen members were most anxious for a home of their own, and they displayed their enthusiasm for the new organization by purchasing and remodeling an apartment building at 2519 West Washington street. Thus they became possessed of a suitable temple in which they held their first meeting on Nov. l, 1919, some eight months before a charter was granted. Incidentally, Evergreen today still occupies the site of its original temple, although anew and more handsome structure has been erected in its stead. # a u THE lodge was instituted with appropriate ceremony on June 29, 1920, shortly after the charter had been, granted. Charles J. Orbison, then grand master of the Indiana grand lodge, officiated and installed Evergreen’s first officers, who were Arch Winings, worshipful master; Chester A. Tilghman, senior warden; William F. Lee, junior warden; William E. Van Talge, treasurer; Carl L. Jones, secretary; Arthur Bright, senior deacon; Robert F. Thompson, junior deacon; Alonzo L. Wisby, senior steward, and Sherley McClure, junior steward. Life for the new West Side neighborhood lodge continued at a sue-

Studebaker Firm Returns to Prosperity Schedule

9,000 South Bend Workers Are Kept Busy; Export Gains Noted. By Times Special SOUTH BEND, May 7.—lndication that at least one important Indiana industry is enjoying almost pre-depression business activity was cited today by Paul G. Hoffman, president of the Studebaker Corporation of America. Substantial sales increases, more working hours per week, absence of labor troubles, and fatter pay envelopes summarize this organization’s improved business condition. “While our domestic order have been especially gratifying, our export business far has exceeded our fondest expectations,” Mr. Hoffman declared. “On April 1, we had on record 5,754 orders for passenger and commercial cars. This demand has caused us to set our estimate of sales on a basis that we believe will surpass any month since 1929.” Approximately 9,000 employes are at work at the Studebaker plant, Mr. Hoffman pointed out. This is double the amount employed during the greater part of last year. Mr. Hoffman considers their, superior type of labor one of the organization's greatest assets. “Most of our factory workers are natives of South Bend, or some other part of Indiana, and many of them are property owners here,” he said. “I safely can say that the majority of men in our factory division have been with Studebaker at least five years, some as long as fifty. This represents virtually a lifetime of loyal service." Statistics of the organization ALLIANCE FRANCAISE TO GIVE MARDI GRAS Parisian Setting Planned for Event Thursday Night. Parisian atmosphere will permeate the mardi gras to be staged by the Alliance Francaise of Indianapolis Thursday night at the Washington. Revelries of a typical Montmarte street fair will feature a Moulin Rouge, a vaudeville performance with sleight of hand and mind reading acts, and horse and auto races in miniature. Edward Petri, president of the organization, announced that the performances are open to the public. Gas Seepage Causes Explosion Gas seepage caused a heavy explosion in the rear of the Delaware garage. 215-17 North Delaware street, yesterday, according to police. The explosion blew a small hole in the alley pavement. No one was injured.

FOR STATE ballot no. ns REPRESENTATIVE Conrad Ruckelshaus Subject Republican Primary May 8 (Paid Political Advertisement)

Tgi .lA IH If

■—

Lester A. Boughton

cessful but uneventful pace for approximately twelve years; but at 4 in the morning of March 15, 1932, disaster found Evergreen. Its temple was leveled to the ground by fire of an unknown origin. Stricken, but far from defeated, the members of the lodge met that night to contemplate what steps could be taken to remedy the results of the fire. Evergreen’s unexampled courage soon was displayed when in a very few days workmen started removing the debris from the scene of the fire and erecting anew temple. It is interesting to note that a large majority of the w r orkmen employed on the new building were not only Masons, but also Evergreen members. Then, as always, the west side lodge took care of its own. The present Evergreen temple was dedicated on July 27, 1932, by Charles. L. Benedict and Obie J. Smith, both past grand masters of the Indiana grand lodge. Thus in spite of the destruction of its first temple, the lodge was without a home of its own less than five months. a # TODAY, less than fifteen years since it was founded, Evergreen, having surmounted all obstacles which have appeared in its path, is a large and thriving blue lodge with a membership of more than 700. Evergreen past masters are Arch Winings. Chester A. Tilghman. Arthur Bright, Frank J. Oakes, John A. Case, William D. Butler, William F. Riddell, John M. Anderson, Frank D. Lewis, William L. Johnson, Alva O. Ayres, Willis Metcalf, Edgar A. Heaney, F. Gale Butler, Harry L. Bryant and Harold W. Fischer. Present officers are Albert A. Zimmerman, worshipful master; Lester A. Boughton, senior warden; Clarence E. Shepherd, junior warden; Alonzo L. Wisby, treasurer; John E. McMullen, secretary; Elmer A. Jones, senior deacon; William S. Ervin, junior deacon; John McDonald, senior steward; Charles Wyatt, junior steward; George O. McClain, tyler; Jacob C. Layton, chaplain; Willis Metcalf, represen-

I ■WMMWMMWMNWataa ■waasnWMawwNMWWMWMMMM ■

Paul G. Hofman

show that export sales this year probably will double those of 1933, not including Canadian exports. Approximately $10,000,000 in foreign money will be brought into tlite country and, eventually, to Indiana to pay for new Studebaker automobiles, it is estimated.

WASH OUT 15 MILES OF KIDNEY TUBES Win Back Pep .. .Vigor .. .Vitality Medical authorities a?ree that your kidneys contain 15 MILES of tiny tubes or Alters which help to purify the blood and keep you healthy. They should pour out thru the bladder 3 pints of fluid a day which contains 4 pounds of waste matter. If you have trouble with bladder irregularity causing irritation and discomfort, the 15 MILES of kidney tubes need washing out. This danger signal may be the beginning of nagging backache, leg pains, loss of pep and vitality, getting up nights, lumbago, swollen feet and ankles, rheumatic pains and dizziness. If kidneys don’t emptv 3 pints every day and get rid of 4 pounds of waste matter, vour body will take up these poisons causing serious trouble. It mav knock vou out and lay you up for many months. Don’t wait. Ask vour druggist for DOAN'S PILLS ... a doctor’s prescription . . . which has been used successfully by millions of kidney sufferers for over 40 years. They give quick relief and will help to wash out the 15 MILES of kidney tubes. But don’t take chances with strong drugs or so-called ’kidnev cures" that claim to fix you up in 15 minutes. Your common sense will tell vou that this is impossible. Treatments of this nature may seriously injure and irritate delicate tissues Insist on DOAN S PILLS . . . the old reliable re'ief that contain no “dope'' or habit-forming drugs B? sure vou get DOAN'S PILLS at vour druggist. Copyright, 1334. Foster-Milburn Co.—Advertisement.

THE INDIANAPOLIS TIMES

■Gs %&9lfrP I*** J N 2 J

Albert A. Zimmerman

<■ ? ft • ' i * yilpfefe . - ■ •

Clarence E. Shepherd

tative to the Masonic relief board; Robert Lamon, stereopticon operator, and Harry L. Bryant, John A. Case and Roscoe Conkle, trustees. Committee members are: Finance, G. R. Goeke, C. E- More, R. R. Katterhenry, E. J. Murphy and H H. Oliver. Masonic home, H. L. Bryant, J. E McMullen and C E. Shepherd: relief, the lodge officers; entertainment, J. E. Dean, E. Shackleford, J. Johnson, R. Price, J. H. Boyd, V. Carpenter, A. W. Gulley, W A West, R Lamon and Ed O’Mara; efficiency, E. W. Stillwell, W. W. Johns, B. Lange, J. Moran, C. D. Amos, J. F. Hancock, H. A. Applegate, J. W. Farlow, R McClain and W. Metcalf; examination, A. J. Cook, J. F. Fowler, O. Kellams, O. P. Shelley, L. Morgan, L. W. Reading, E. Gates, J. P. Lincks, O. C. Warrenfelt and E. W. Harvey; pulicity, C. Leap, J. F. Knapp and W. R. Williams; visitation, A. E. Mayfield, C. W. Peevler, W. H. Lee, M. H. Cummings, H. J. Bell, G. C. Elwood, C. F. Scott, C. J. Bauman and A. E. Elliott.

Captain Otto Ray’s Candidacy Recommended By 14,462 Voters C'KPT. OTTO RAY In fairness to Otto Kay. read his record below and you be the judge why the 14.462 members of the Otto Ray-for-Sheriff-Club recommends to the citizens of Marion County the candidacy of Otto Ray—the people's wJioice for the Democratic nomination for Sheriff of Marion County. The man who is built for this particular job through years of fearless, honest, efficient, humane and courteous service. His record in brief as compiled by the Otto Ray-For-Sheriff Club — RECORD Six years experience as police officer in charge of city Lcense department. Four years with rank of captain. Conducted the department in a business-like manner, permitting thousands to purchase licenses on easy payment plan. Collected more than $160,000 in license fees each year. Originated and directed American Legion and Auxiliary Relief Stations which, in co-operation with Mayor Sullivan’s Relief Program, clothed forty thousand needy persons and distributed more than eleven thousand baskets of food. Founder of city and county employees relief kitchen. Received citation from American Red Cross for Welfare and Relief Work. World War veteran. Past commander. Police Post, No. 56, and Twelfth district commander, American Legion. Has served as outstanding speaker for the Community Fund and active Worker in all worthwhile civic and relief projects. A life-long Democratic worker, serving the party as precinct committeeman anu ward chairman on numerous occasions. Democratic party nominee for Sheriff in 1924. A man of his word. Democratic member of City Council. 1921-1925, was a representative of the people, all promises made by him were fulfilled. Past president. Central Labor Union. Believes in treating all individuals alike, regardless of race, color or creed. Capt. Otto Ray is not the candidate of any faction and will enforce the law honestly, fearlessly, fairly and impartially. Capt. Ray has been truly a public servant. The hour was never too early or late to help those in need and he has assisted thousands personally to obtain jobs, food, clothing, fuel and shelter during the years of depression. OTTO RAY NEEDS YOUR HELP NOW WILL YOU HELP HIM? Some of the members of the Otto Ray-for-Sheriff-Club. whom Otto Ray has helped in the past, have been Intimidated and threatened with the loss of their Jobs because they are supporting Otto Ray. The Otto Ray-for-Sheriff-Club is asking for a square deal for Otto Ray—no more—no less. We feel'there should be an open field on Primary Day. and may the best man win. It is up to all of us to vote and work for the nomination of Otto Ray and stop for once and for all the UnAmeriean methods that are being used in attempting tn defeat him. We urge every one to rote early on Primary Day. Get acquainted with the members of the Otto-Ray-For-Sheriff-Olub workers. Obtain a badge and spend as much time as possible at polls working for Otto Ray. ANYONE WISHING TO WORK FOR OTTO RAY ON PRIMARY DAY IS REQUESTED TO CALL AT THE OTTO-RAY-FOR-SHERIFF HEADQUARTERS THIS AFTERNOON OR TONIGHT FOR SUPPLIES. THE OTTO-RAY-FOR-SHERIFF CLUB Volunteer Organisation ( 255 CENTURY BLDG. Th| by ntr C9QQ members of the Otto Xvlljlh I oZo4 Ray-for-Sherlff Club. i

VAN NUTS NOT TO RETURN FOR PRIMARY VOTE Four Congressmen Also to Remain in Capitol; Robinson on Way. By Timet Special WASHINGTON, * May 7.—Probably the first time in the entire history of Hoosier delegations in congress, a senator and perhaps four or five representatives will not go home to vote, it was disclosed today. Explanation of this curious phenomenon lies somewhat in the fact that senatorships are now in convention and that the congressmen who remain in Washington do not take their primary competition on Tuesday very seriously. But it can also be said that they are taking their job on Capitol hill seriously and will remain over doing very hard and serious work during these closing days of the session. Senator Arthur R. Robinson will return to Indianapolis to vote, while members of his staff remain in charge of his office here. The reverse is true in the office of Senator Frederick Van Nuys: women employes returning to Indiana while the senator remains on the job. He is thoroughly engrossed in securing passage of the corporations bankruptcy bill, vote on which has been delayed by the filibuster for inflation staged by Senator Huey P. Long. Members of the house facing stiff opposition have been back campaigning in Indiana and both themselves and the eligible staff will be on hand to vote. They include the Democratic whip of the house, Arthur H. Greenwood, Washington; Mrs. Virginia Jenckes, Terre Haute; Eugene B. Crowe, Bedford, and Glenn Griswold, Peru. Having succeeded in putting the stock exchange regulation bill through the house, Representative Samuel B. Pettengill, South Bend, announced that he may be on hand for the voting tomorrow. Others on the doubtful list include Representatives Louis Ludlow, Indianapolis; Finley H. Gray, Connersville; George R. Durgan, Lafayette, and William H. Larrabee, New Palestine. Representatives William T. Schulte, Hammond; John W. Boehne Jr., Evansville, and James I. Farley, Auburn, have gone home to vote, but Mr. Schulte is the only only of the trio said to be facing a genuine contest. LIONS CLUB WILL HEAR SCHOOL MUSIC DIRECTOR First Male Chorus Festival to Be Explained. The Lions’ club, at its luncheon Wednesday in the Washington, will hear Ralph W. Wright, director of music for Indianapolis schools, discuss plans for the first annual Indiana male chorus festival to be held Saturday night in Cadle ta’oerMr. Wright also will direct the musical program for the luncheon. Walter L. Shirley will preside.

FREE PARKING FOR STAR STORE PATRONS STORE OPEN TUESDAY AT 10 A. M. TO ENABLE OUR EMPLOYES TO VOTE! A i L ARE YOU tff 46 YEARS OLD? JgJT v If you are. come celebrate with us. Any purchase you make tomorrow, you will be entitled to a liberal di. count. Just 3m tell the sales people you are 46 years mßm'\ ' m/* old. It’s our birthday, but you <ret the GENUINE “PEPPERELL” .w\ 7 \V;, SHADOW PROOF jjf M Mf* Vt Straight and fna Hr WBM HR built up shoul- {if* Wgw HH / der. sizes 34 to A / 52. flesh and 118 11# mSTwBk \ f white. HBSB jrafi *** BUi '/ w Star, First Floor HKh jxQSgj mgß SALE OF “CARTERS” WLj If WUjM LINGERIE you Save 30c on Each A / Panties. Step- M I Slip You Buy if M Ins , Briefs ands A pa M / Vests, irregulars ft# fC I Lace Yokes—or W / of gra J;, FirstTE 1 Shaped lace tops. M; / i PRINTED BATISTE Lace a * BoWom \ ) / GOWNS—PAJAMAS 'Z2X2? 1 Regular $1 and M $j ZeS 34 f 0 44, j 1 to fit, 34 to 42. fyp fe § , u Tea-rose and White. L \ Mnr. First H.mr WHILE 200 LAST § s9c AND Jl,o ° WOMEH ’ S girls’ 7 to 14 wash (Neckwear T\'n'S?C , C l T7o rJR /3^i*4 Reduced A A better Q£||l L y. VttTT \ a quality, some ■ Bh B|f J V\***l**\ \m slightly soiled. m3 ! ’ w S,ar ’ r,r!,t Floor for I f WOMEN’S REDUCING IR DL E S Yes, we mean it, 3 for sl. All M Light weight washable materials, in neat colored perforated repatterns, suitable for school and gen- W f -m ducing girdles, 0% eral wear. Shop early, they won’t A jmsizes 24 to 34, ac- aßajlU last long. &.• I; I lual SU9 ** V Star, Second Floor //T *. ** *.M o .*° M S}ar < Flr t floor GENUINE “FRUIT OF LOOM” I CHILD S plauE aSikp RIN TS L HA™ New Spring Patterns ~/ Ua Anniversary Sale Price ■ ble - and (j flf Star, Second Floor I /l/ftP ( GENUINE AMOSKEAG |i|§§, JL^ /2 -|ticking ,Vri|| Bought special from manufacturer,m A - C- A. 8-Oz. fine 80 square “Fruit of Loom” dress JP ticking, guaran- |l|| prints, tub fast, up to 10-yd. lengths,feather M 3 neat light and dark patterns, while®P r °of, narrow 2 000 yards last > 12 ‘* c yd - H blue, white stripe MB H St:ir, P.HSpment Star, Basement Yard MEN’S EXTRA FINE QUALITY 1 40-IN. BOSTONETTE Broadcloth Shirts|P.^?™ Y NETS Anniversary Price J?i” ad, iVn" 1 1 VoC j m \' / / Bwear, in ■ B / ** S I 6 "*" n # tti BBMEWS BRO.DfILnTH V S |- -I / Ipajamas price. You have choice of hQ II $ fZcfh. ,“pT "JF plain colors and fancy pat- I Borer nr 3 A terns. Tub fast, in sizes ■Broken lots of v Star, First Floor ' ■ Star, First Floor BSALE! 3-PIECE COMPLETE BED OUTFIT Anniversary Sale Price mm mb m _ Here’s a dandy outfit. Full size Ok metal bed, 50-lb. pure cotton M M ■W W spring. All three pieces for I! ftt H only flttr PM ; iu t I "bed Only MATTRESS Only SPRING Only 4>95 $5-95 $4-95 tubular metal, wal- 50-Lb. pure cotton 90-Coil, reinforced cont finish, weU made, filled, heavy colored struction, heavy support atly finished. ticking. members.

PAGE 5