Indianapolis Times, Volume 46, Number 38, Indianapolis, Marion County, 25 June 1934 — Page 2

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HOLDING FIRM HEADS ACCUSED IN OUSTER SUIT Fraud Charged by Referee in Fletcher American Litigation. Federal Judge Robert C. Baltzell today considered a report of Robert R. Re]?*), federal bankruptcy referee, demanding; the removal of Rgsr H. Wallace as trustee for the defunct Shareholders’ Investment Corporation—a subsidiary of the old Fletcher American Company, At the same time in superior court t*o stockholders of the defu* Fletcher American National bank sought to block a suit on file against directors of the bank in federal court. In demanding removal of Mr. Wallace, the federal referee charged officers and directors of the banknipt Fletcher American Company, holding company of the old bank, with fraud and undercover activities which led to the alleged bankruptcy of the Shareholders’ Corporation. It was stated in Mr. Kelso's report that stock in the corporation became worthless when holding company officials, realizing the Fletcher American Company was facing bankruptcy in 1932. attempted to improve its financial condition by issuing $1,500,000 in alleged worthless promissory notes in return lor the corporation’s assets. Mr. Wallace has appealed the referee’s report and has asked a review of the case by Judge Baltzell.; In the Marion county superior j court action, filed Saturday, an in-1 junction is sought by a group of i stockholders of the old bank against j an action of trustees of a trust in- i denture in the southern district of j the federal court, which seeks; $2,000,000 from the directors of the: old bank. John O. Spahr and Warren W : Barnett, attorneys filing the action j point out that the federal suit was instituted after the plaintiffs, stockholders, had brought a suit against, the directors of the old bank for the recovery of $5,000,000 in alleged losses. It is charged by the stockholders' suit that the federal court action was brought on a "friendly basis" and seeks to evade Jurisdiction of the state courts. In the request for removal of Mr. Wallace, the other legal action pending against subsidiary companies of the old bank, it is charged that interests of the old Fletcher American National bank were adverse to those of the bankrupt investment trust and that as Mr. Wallace was elected trustee by the bank officials of the old Institution that he should be removed. Mr. Wallace is charged with showing no disposition to help stockholders recover their money. The referee's report asserts that at least six of the nine directors of the investment t*ust also were directors of the Fietcher-American Company at that time. The Kelso report further charges that the Indianapolis Bond and Shares Company was organized, and its common stock issued to Roy C. Shaneberger, and exchanged for the stock of the the Shareholders’ Investment Corporation. Will H. Thompson, attorney for Mr. Shaneberger, said his client acted only as an intermediary. Hubert Hickam. attorney for Mr. Wallace, contends his client's removal Is recommended by the federal referee without legal authority as no hearing had been held. CLOSED STATE BANKS MAY PAY $9,000,000 43.000 Depositors Await Result of Governor's Visit. Approximately $9 000.000 in thirtynine closed Indiana banks will be released if Governor Paul V. McNutt is successful in the visit he will make to Washington this week. The Governor said conflicting opinions by federal legal departments must be reconciled before the Indiana banks can act under the 1907 depositors' act, which allows boards of finance to execute assignments or waivers of deposit liability and obtain deposit insurance. The controller-general's office agrees with Indiana's theory about the money, according to the Governor. A total of 43.000 depositors wll be affected by definite action on the banks. QUITS JOB COMMISSION Leo Rappaport Resigns From Governor's Relief Board. Leo M. Rappaport. attorney, has resigned from the state commission on unemployment relief. Governor Paul V. McNutt announced today. Mr. Rappaport's resignation was dictated by the press of other business. it was understood. Governor McNutt said he has not decided upon a successor. FIRM LEASES BUILDING Patterson Shade Company to Occupy New Quarters. The Patterson Shade Company, in business in Indianapolis twentythree years, has leased the building at 1525 North Meridian street. The firm deals in window shades. Venetian blinds and linoleum. A factory is maintained for the manufacture cf shades and blinds. 0. E.- S. TO INITIATE Englewood Chapter to Hold Ceremonies Tonight, Initiation ceremonies for Englewood chapter. O. E S., will be held tonight. They will be in charge of Mrs. Martha Wade and Dr. Cleveland NoelL Thief Take* Only Right Shoes A thief, possibly one-legged, broke into the Men: Shoe Store. 930 South Meridian street, last night and stole four shoes for the right foot. FORFOOT MISERYUSE OIL WINTERGREEN MUSTARD & CAMPHOR The aber* preemption is guaranteed to end all ordmsry foot soreness in 13 hour*. Rub it on at bedtime and vour feet will feel like new In the morning. For s few cent* you ran obtain tbia prescription, already prepared. by asking druggist for A BKOOT.AdterusemeaL ,

EXTORTION CHARGED

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Reeves Brown

The federal grand jury today considered the case of Reeves Brown, Methodist hospital employe, who is alleged to have attempted to extort SI,BOO from Mrs. Irving Lemaux by a threat to kidnap her son. Irving Lemaux Jr.

AMERICAN GRANDEUR KEEPS ARTISTS HERE Fine Arts Students to Travel to Glacier National Park. By United Press GLACIER NATIONAL PARK. Mont., June 25.—Inspiration-seeking American artists are learning to stay at home to find material worthy of their brush and palette. Concrete evidence of this trend in artistic circles was a recent decision of New York university to send its summer fine-arts students to Glacier park. The school will open June 15, at St. Mary lake. Winold Reiss, famous portrayer of Indians, will be director. The national parks are Ideal places to study art. according to Dr. H. C. Bryant, director of research and education departments of the national park service. BOY IS STRANGLED TO DEATH IN GYMNASIUM Otiio Lad Twists Neck While “Skinning Cat” at Play. By United Press CLEVELAND. June 25.—A game of “skin the cat” brought death to Robert Carl Mehelic, 12-year-old amateur gymnast. The boy strangled when one of the straps in his improvised gymnasium became twisted arcund his neck. His father found him in the boy’s basement gym when he was missing at bedtime.

* makes everyone feel better p ( J* 1 ■ j>. makes everything taste bette does something for ■ Chesterfield tobaccos get from our jj own Southland, the best tobacco W * B Even the bright golden color of v 0 thesetobaccos tells you they’re milder ay anc * taste better “~ the y’ re tbc pure natural goodness the sun puts . .... >„ e 19>4.144561TT * Mysu Toaacco Ca.

PAT PAGE GETS ‘SIGNALS MIXED* ATCOURT TRIAL Court Calls Time Out While Coach and Counsel Go Into Huddle. Harlan Orville Page missed the signals today. Now to every football fan in the nation that doesn’t mean a thing. But when you say that H. O. 'Pat> Page, former coach at Indiana* university, missed his signals, then all devotees of the coonskin coats and forward pass know whereof one speaks. For ‘ Pat" was in federal court today attempting to obtain $15,000 damages from the university in a suit for an alleged breach of contract. But "Pat’’ on the witness stand and -Pat" giving a sweating huddle of moleskin boys advice between halves isn't one and the same thing. “Pat” and his attorney, James Bingham, were forced to confer several times while “Pat” was testifying and his attorney was attempting to get the witness into the clear for a legal touchdown. At last, Federal Judge Robert C. Baltzell declared “time-out” in the case and ordered a short recess in order that ' Pat'’ and his attorney could get their signals working. The case involves an alleged breach of contract in April, 1931, when Page was dismissed by the university, although he claims his contract had one year to run. It was estimated, in testimony, that he w as damaged to the extent of $7,500 in the first year of his dismissal through being forced to take a job at $6,000 a year at the University of Chicago. His salary at Indiana university ranged as high as $12,500 H f s attorney brought out that the famous coach was forced to leave his home at Bloomington and to pay rent elsewhere because of the alleged broken contract. The question of the right of the university’s athletic board of control to make a contract with Mr. Page was brought out by Frank C. Dailey, attorney for the university’s control board. Mr. Dailey said all contracts were approved by the board of trustees of the university. It is the contention of the attorneys for the coach that the board of control for athletics is an agent of the board of trustees and can make a contract.

THE INDIANAPOLIS TIMES

BOY LOSES LIFE

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Gene Paul Hatmaker

Burns caused by the exploding gas tank of the car in which he was riding Saturday proved fatal to Gene Paul Hatmaker, 4. of 802 Bancroft street, yesterday. MODERN MIDAS FINDS GOLD HAS DRAWBACKS California Man Has Gold but No Food for Hungry Family. By United Press MADERA, Cal., June 25.—Like King Midas of old, J. A. Walter, a Coarsegold miner, had plenty of the yellow metal but he and his family faced starvation. Walter came to Madera with ** small flash of gold dust he J panned from a creek, after .he store at Coarsegold told him it no longer had a license to buy gold. He w r ent into one Madera grocery and offered the dust in payment for food for himself, his wife and their five children. The store refused to take it. It was the same in other stores. Finally, he went to the county welfare department. "What am I to do?” he asked. “My family and I can not eat gold dust and well starve before I can send it to San Francisco and wait for a government check to come back.” Finally H. M. Scott, welfare officer furnished Walter with cash from his own pocket and sent the gold dust to San Francisco. Walter agreed to reimburse him from the returns. Relief Corps to Meet George H. Chapman post, No. 10, Woman's Relief Corps, will meet at 1:30 tomorow at Ft. Frinedly, 512 North Illinois street. Mrs. Lottie Cook will preside.

DEPORTATION OF 1.200 IS STATED BY UAORDER Foes of Bill Bitterly Attacked by Dickstein, It’s Sponsor. BY LEE G. MILLER Times Special Writer WASHINGTON. June 25.—Twelve hundred law-abiding aliens, who faced deportation a few days hence because of a vote by the house in its closing week, were given a stay of execution today. The immigration service instructed its offices throughout the country to defer action on the deportations scheduled for July 1, pending further orders. It is expected that within a few days the service will formally extend the July 1 deadline to next January, when the new congress can reconsider legislation humanizing the deportation laws, as advocated by Miss Frances Perkins, secretary of labor. Chairman Samuel Dickstein <Dem., N. Y.) of the house immigration committee, still seething with indignation at the defeat of the immigration reform plan last week, is seeking the postponement. “The defeat of the deportation bill was a black mark on congress’ record,” Mr. Dickstein said today. “Ninety-eight per cent of the members didn't know what the bill contained. “They were stampeded by a handful of clannish—or Ku-Klux Klannish—hypocrites posing as immigration restrictionists. “This bill would not have lifted any restrictions against the entry of aliens. On the contrary, it proposed four new classes of criminal aliens who would be deportable. “But certain members of the house insisted the bill gave too much discretion to the secretary of labor in permitting law-abiding aliens, of proven usefulness in a community, to remain in the country despite failure to comply with all the technical requirements for legal entry. “So we continue to operate under a law which permits professional criminals, dope peddlers, smugglers, and racketeers to avoid deportation, but forces the exiling of decent folk regardless of the fact that families may be ruthlessly broken up. “Our bill actually would have decreased immigration, because for every law-abiding alien permitted to remain, the immigration quotas would have been reduced by one. Thus we would keep a person of

HORIZONTAL Annfftr to Pmiotu Puzzle 11 Worth. 1 Whose effort* ff>liJ)jO| lei ■ HwlslFf'ivTCKTi '"sl *2 She was —— resulted in the u ABTf i ‘[lDMrJci of the Red founding of the Cross until American Red £tfsuY 1904 (pl) ' CroM ' 19 Little devil. || |,) < )B/'| ', | Bil I Ail H 1 JIS South. America 13 Ventilated. tIaJbILIE I 19 Therefor. 14 Female deer. !■ _ ' o'OMQXL 22 A speck. 15 Aqua. R C|L A JpMBTTII illjl 23 Polynesian 17 Deposited. HL HM mOMßinilS chestnut. IS Local positions ~Td D 6180 l AITjIM 1 26 Italian titles. 20 Bare. Effr" A~C 2S Bulwark. 21 Conjunction. IcNNiElol V' E ColnLliDialnlk 30 and eon. 22 Killer in a “ ' 32 Owed. bullfight. A2 Fourth note. VERTICAL 34 To perform. 24 Three-toed 43 Street. 1 Due to her, the 36 Cry for help, sloths. 4* Genuine. Red Cross now 41 Curved knife. 25 Mother. 46 Pa h (bird). gives relief in 43 Pit. 26 Therefor. 48 Stint. 44 Makes lace. 27 Measure of 49 Fashion. 2 Climbing 45 Lump of area. 51 Pa "- p l anL butter. 29 Seventh note. 53 To devour. ' 47 Pertaining to 30 Cavity. 54 Unrestrained. 6 ury - air. 31 Small child. 57 To regret. 4 Scarlet. 48 Japanese fish. 33 To cross- 59 She started the 5 Paid publicity. 49 Haze. question. systematic 6 Entrance. 50 Dower P™p--35 To entertain. search for , ert> ’- 37 Portrait Civil War 52 Matter, statue. soldiers. S Set up a golf 53 Type standard. 38 Common 60 She headed the ball - 55 Within, laborer. relief work in 9 Northwest. 66 Above. S9 And. the Amer-10 Virginia 58 Exclamation 40 All right. lean war. willow. of inquiry. ■mmhot 4 '""W 'j 1 '"■"p" 1 7 j & p j \o mm u mm 7z m 13 TOR TO ——— - TOp 3 —r TZ 27 -P ——m il- - —j —l —ir ——ln BcT~ ~ " ~ I'll I I— UJ

proven character, instead of taking a chance in the immigration grabbag.” “One member of the house came to me the other day,” said Mr. Dickstein. “and asked me urgently to do something to prevent the deportation of a resident of his district, which would break up a fine family. “I said to him, ‘Let’s look at the roll call.’ And the record showed he voted against the bill. “He said, ‘But I didn't realize what

the bill contained.’ I told him, ‘you’re over 21, and can read and write, and you’ve been in the house ten years. You beat my bill, and now you ask me to help you do the very thing the bill would have done.” Opposition to the bill was led by young Martin Dies of Texas, whose constituency lies in a former domain of the Ku-Klux Klan. The American Federation of Labor also opposed it.

JUNE 2r, 1034

HOOSIER GIRL SKATERS ARE STARSAT FAIR All 15 of Group Come from Indiana; Really Are “Wonders.” BY MRS. MAURICE MURPHY Timfi sp.nal Writer CHICAGO, June 25.—A1l fifteen of the girls who appear in the roller skating act at the World's Fair AllStar circus which appears on the Lagoon theater stage at the exposition are bom Hoosiers and reside at Rensselaer. Their trainer. Miss Helen Reynolds, who skates with them, is the daughter of Mr. and Mrs. Earle Reynolds of that city. Miss Reynolds is a champion on both ice and roller skates. Introduced as Hoosier athletes, the "Wonder Girls,” in colorful, spangled costumes, glide onto the stage, forming two groups. The "aero-wonder girls" in gold and white, compete for honors with the "gyroscopic daredevils,” who are garbed in red. Daredevils and wonder girls they prove to be as they swing one another through the air, in amazing acrobatic feats, concluding with a "Sky-ride—Hoosier style.” The stunt skating is done without the aid of wires, loops or other devices used bv showmen, and is possible only because of natural skill and ability. Miss Reynolds personally oversees the fifteen girls, whom she selected from a group of 150, and then trained them for more than two years. No football players are more strenuously trained than these Hoosier ; skaters. Their bodies are developed by a series of planned exercises before they are allowed on skates and they must swing sandbags, of gradually increased weight, before they are permitted to swing human beings. In addition, they must adhere to a strict diet. During their stay in Chicago, (he skaters live in an apartment with Miss Reynolds, who was accompanied to Chicago by her parents, known professionally as Earle Reynolds and Nellie Donegan, who skated with their daughters until two years ago. Miss Maudie Reynolds. a twin sister of Helen, is appearing on ice skates at the Black Forest, at the fair. “The Wonder Girls” have appeared in Indianapolis at the Indianapolis Athletic Club and at the Claypool.

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