Indianapolis Times, Volume 46, Number 4, Indianapolis, Marion County, 16 May 1934 — Page 20

PAGE 20

CAPONE JUDGE CENSURED FOR RECEIVERSHIPS House Committee Rebukes Wilkerson and Two Other Jurists. By United Prrim WASHINGTON, May 16.—James H. Wilkerson, the judge who sent A1 Capone to prison, and two associates of the Chicago district federal bench today were censured for "almost criminal negligence’ in bankruptcy and receivership cases by the house judiciary subcommittee. The other judges named by the committee were Charles E Woodward and Walter Lindley. The conduct of a fourth judge, John P. Barnes, was found free of any negligence of office. The committee, headed by Representative Tom D. McKeown (Dem.. Okla.>, recommended new legislative safeguards against practices disclosed by the inquiry. The report disclosed that receivers and attorneys in bankruptcy charged huge fees, which in many cases virtually wiped out all assets. Friends and former law partners were appointed attorneys in receivership cases by certain judges. "The outstanding fact which in our opinion,” the report said, “justifies the severest criticism is the apparent disregard by the judges of the rights of property of the creditors in the matter of the allowance of fees. “Our investigation discloses a condition in Chicago, that amounts to almost criminal negligence in the failure on the part of the courts to properly conserve the property in litigation, and in some instances an apparent willing assent to the plundering and sacking of the estate committed to the care and custody of the court, because in many of these cases apparently the w-hole arrangement was simply to use up the assets in the payment of receiver and attorney fees with an absolutely utter disregard for the right of creditors. “During the last five years more than $4,000,000,000 have been lost to creditors throughout the United States in bankruptcy and receivership matters.” The committee said there were indications in Chicago of a ring to share in receivership profits. PACIFIC SHIPPING TIED UP BY SAILORS’ STRIKE Seamen Vote to Join Movement of Longshoremen. By United Prr*a SAN FRANCISCO. May 16.—A complete tieup of all shipping on the Pacific coast for an indefinite period impended today through the action of the Sailors Union of the Pacifiic in voting to join the strike movement initiated by 10,000 longshoremen. As paralysis spread steadily over ship movements and over industries dependent on ships for raw materials and supplies, 1.000 union sailors here voted strike action. Similar action was taken in other coastal ports, affecting about 3,000 men, leaders said.

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HEADS DISCIPLES

The Rev. Bert R. Johnson

The 1935 convention of Indiana Churches of Christ will be held in Marion. The selection was made today at the ninety-fifth annual convention in Crawfordsville, where the Rev. Bert R. Johnson was elected president of the state ministerial association of the Disciples of Christ. Mr. Johnson is pastor of the Downey Avenue Christian church.

BUTLER INTRODUCES INTRAMURAL DEBATES Sixteen Teams Enter Competition Between College Groups. Intramural debating is one of the new activities introduced recently on the Butler university campus. Sponsored by the division of speech under supervison of Karl Stipher, intramural debate manager, sixteen teams have entered the competition. At present a tournament is being conducted to determine the best debating squad.’ The winner will be awarded a silver loving cup. Organizations which have entered the contest include Delta Tau Delta, Zeta Tau Alpha, Butler Independent Association, Delta Zeta, Newman Club. Delta Gamma, Alpha Chi Omega. Kappa Kappa Gamma, Sigma Chi, Delta Delta Delta, Kappa Delta. Sigma Nu, Phi Delta Theta, Pi Beta Phi, Kappa Alpha Theta and Lambda Chi Alpha.

25-FT. HOSE sl-19 Colonial MERIDIAN AT MARYLAND

FINANCE EXPERT TO SPEAK HERE Dr. Kammerer Will Discuss ‘Money’ at Luncheon of Committee. Dr. Edwin Walter Kammerer, professor of international finance at Princeton university and "doctor” to the sick finances of several countries in the last quarter century, will discuss “Money” at a luncheon in the Claypool Friday. Dr. Kammerer is coming here under auspices of the Indiana Sound Money committee and the Indiana Bankers’ Association. Announcement of his speech was made jointly yesterday by John T. Beasley, Terre Haute, head of the money group, and Felix M. McWhirter, Indianapolis, head of the bankers. Reservations may be made either through the committee, 1402 Fletcher Trust building, or the association, 1308 Circle tower. Prof. Kammerer, who formerly held at Cornell university the post he now occupies at Princeton, is rated by economists as one of the few men in the world "who really understands money.” His financial “doctoring” has extended to a dozen countries in North and South America, Europe, Africa and Asia. $4,000,000 Bonds Issue Voted CLEVELAND, May 16. Voters today instructed the city administration to issue $4,000,000 in deficiency bonds to pull the municipal government out of a financial bog.

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THE INDIANAPOLIS TIMES

MINIATURE WEDDING

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The Olive Branch Christian church primary department No. 2, ■will present a "Tom Thumb” wedding at 8 Saturday night at Pennsylvania and Raymond streets. The principals are Phyliss Ludeman, 8. and Stoy Duncan, 8. Miss Eleanor Graham is assisted by Miss Charlotte Raquet.

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GAS CO. LOAN NOW DEEMED IMPOSSIBLE Amendment to Glass Bill Fails to Pass. By Timen Sperinl WASHINGTON, May 16.—An amendment to the Glass bill granting loans to industry through the federal reserve banks which would have made possible the borrowing of funds for purchase of the Citizens Gas Company by the city of Indianapolis has failed to pass in the senate. The amendment was introduced by Senator Hiram Johnson (Rep , Cal.) It specifically provided that loans could be made by municipalities for public ownership of utilities. The vote was a 37 to 37 tie so the amendment was lost. Senator Frederick Van Nuys (Dem., Ind.), supported it. Senator Arthur R. Robinson (Rep., Ind.), was not on the floor when the vote w T as taken. It was considered unlikely that any further effort will be made to get the amendment passed.

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MAY 16, 1934