Indianapolis Times, Volume 46, Number 169, Indianapolis, Marion County, 24 November 1934 — Page 1

H'IWAJtD

JURY TO GET INSULL CASE LATE TODAY

Prosecution Rests Following Slashing Attack on Financier, Aids. •NO MERCY.’ IS DEMAND State’s Attorneys Exhort Panel Not to Use Its Sympathy. it* / fn-s CHICAGO. Nov. 24 United States Dr-trier Attorney Dwight H. Green concluded government remittal :n the Instill mail fraud trial at 11 25 a m todav. Judge James H reressed court, until 1 o clock, when he began delivery of his instruction to the nirv. The in■'t ructions probably will require about two hours. Pleas for sympathy and underfandmg for Instill a flood of •-cornful orators from federal prosecutors as thpv cleared the way tn final arguments for trial of the 15-vear-old financier and his sixteen associates to co to the jury this afternoon. Jabbing an accusing finger almost into Insult's flushed face. Special Prosecutor Leslie E. Salter concluded four hours of argument with a mimicked repetition of the plea yesterday of Floyd E Thompson, former state supreme court justice and counsel for the chief defendant. ‘ Mr. Thompson said: Send this old man back to his home and send h:s son hack to a motherless boy, Salter reminded the jury. Insolent. He Charges The tall, persuasive prosecutor snorted expressively as he added: If you're going to be sorry for anv one. or be affected by th*‘ admit able emotion of sympathy in any way, let it be for the thousands of men and women vvho worked all their lives saving hits of money to care for their later years, and lost it because of the deeds of the man asking for sympathy." SaPer dwelt almost entirely today on the responsibility of Instill for most of the acts which the governmen*, in twenty-five counts of an indictment, described as "a monstrous swindle/ Often, turning his bark on the jury he addressed, he hurled his accusations directly at Insult. Salter returned repeatedly to the government eharges. supported by testimony ot expert accountants, that the corporation Securities Company was insolvent in the last three months of 1921 when stock was being sold throughout the world as a gilt-edged investment. Refers to Huge Loans ‘These men did exactly the same thing that has sent many a dishonest banker to the penitentiary." he said. What difference can you find between the sale of stock in an in* sohent venture and acceptance of deposits in an insolvent bank 1 ” Recalling Insult s account on the witness stand of those last days before his 42,000 000 000 empire collapsed and he fled to Europe. Salter referred to huge personal loans which Instill obtained from New York banks posting stock from th" portfolio of Corporation Securities a." collateral. And then. Salter said, every word dripping sarcasm, "he tells \nu that Corporation Securities was pushed *o the wall by its inability to obtain sufficient capital to weather a storm. Queer, isn't it; he was able to borrow. but his company couldn't borrow on the same security?'* •SECRET SERVICE AGENT' POSEUR IS CONVICTED found C. uiltv of Ihpersonating Officer by Kaltzrll. Charles A Calopolis. self-styled Secret Service Agent No. 19." was found guilt' of impersonating an nffi. er todav bv Federal Judge Rober* C Raltzell. Sentence win be passed Dec I Ernest \V Meissel. Terre Haute ’-.anonal cuard captain, was fined %2S o n f he charge of forcing his name to a government check Times Index Page Ridge 4 Broun 7 Church Services 2 Comics 11 Crossword Puzzle 9 Curious World 11 Drawing Lesson 3 Editorial 6 Financial 12 Pcgler 7 Radio 2 Sports 8. 9 State News 3 Womans pages ...;. ..'. 4. 5

ALL-STATE TEAM The Tunes Ali-State football team selected by Dick Miller, will be loond in the sports section of today s Times Although the Hooster Big Three does not close its season officially until tods’ The Times' -elections are based on average season pej-f or manges. The brunt of battle,m th*- In-dian*-Puiue and Notrs DarorArmv dashes rests on the shoniders of those named

The Indianapolis Times Kair tonisrht. followed by increasing cloudiness Sunday, probably becoming unsettled by Sunday night; rising temperatures: lowest tonight about 38.

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VOLUME 16—NUMBER 169

NO WONDER THOSE DANDELIONS ARE BLOOMING

1 .'.O',

Who sa.d winter is here? Chilly blasts from the northwest failed to daunt these somewh'.t out-of-season dandelions found blooming on the statehouse lawn by Miss Ora Gilliatt.e, 1 West Twenty-eighth street, a statehouse employe.

Love Spurned, Murders Wife, Then Kills Self Barber Ends Bitter Family Quarrel by Shooting Mate After Attempt at Reconciliation. The finality of death today had ended the bitter family quarrel of 36-vear-old Forrest L. Monroe, a barber, and his 31-year-old wife. Mrs. Zelma Monroe. American Legion employe, who had sought freedom from her husband throuah divorce. Monroe, apparently crazed by the loss of his wife's affections, wounded her fatally last nutht in the apartment of Mr. and Mrs. Rav Rairdon. , a t i540 North Meridian street, and

FOGGY DEAN SEEKS IMMEDIATE RETRIAL Prosecutor’s Aid Opposes Move in Court. A demand for an immediate retrial for Edward > Foggyt Dean, nowheld in the Marion county jail charged with the submachine gun murder of police Sergeant Lester Jones, was made in criminal court today by his attorney, Clyde P. Miller, and v a. opposed by Floyd J. Mortice chiet leputy prosecutor. Mr. Mattice pointed out that William H. < Willie i Mason, crippled hoodlum charged with the same crime, who was captured near Covington. Ky.. Nov. 19. after having fled the Hamilton county jail at Noblesville Aug. 12. had been tried a year ago in Noblesville while Dean's trial took place two months ago. A jury disagreed in the Dean case The Noblesville jury found Mason guilty, but three jurors refused to impose the death sentence as required by law. Both Mason and Dean are held in the Marion county jail. TODAY’S WEATHER Hourly Temperatures 6 a. m 31 10 a. m. ... 36 7a. m 32 11 a. m. ... 39 Bam 32 .2 moont.. 42 9 a. m .... 34 1 p. m 41 Tomorrow s sunrtie. 642 a. m : sunset. 4:23 p m. Monday's sunrise. 6 43 s. m.; sunset. 4 22 p. m. In the Air Weather conditions at 9 a. m.: East-southeast wind, ten miles an hour: barometric pressure. 30 42 at sea level: temperature. 32: general conditions, thin broken clouds, smoky: ceiling, estimated at 2.500 feet: visibility four miles

‘Man Without a Country’ Fights in Vain for Refuge

BV TRISTRAM COFFIN Tirar* Staff Writer , TTHE amazing stpry of John. D. Popa a young cook living in In- . aianapolis, who has been doomed by a court decree to become a man >w uhout a country, is baffling the best legal minds of Indianapolis and .the Unned States department of labor. Mr Popa. a reserved, husky individual with flashing black eyes and hair, gives the impression of being a confused and defeated man flshtmg vainly against the same fate as the character in Edward Everett Hale s celebrated novel, "The Man Without a Country." Before the war Mr Popa was a native of' Rumania. Hearing of a country, free from the pre-*tr tui-

then turned his .38-caliber automatic pistol on himself to join her in death. Police Sergeant Martin Fahey and his squad, called by Mrs. Rairdon, found Monroe dead on the floor. Mrs. Monroe w’as dying. She was rushed to city hospital, but died shortly after being admitted. Last night, their bodies were taken to the Feeney & Feeney mortuary, 2339 North Meridian street. Funeral services were to be arranged today. Those for Mrs. Monroe w r ere to be completed soon after the arrival from Detroit of her mother. Mrs. Maude Coyle, where a sister also lives. Another sister, Mrs. Louise Lewis, is a resident of Indianapolis. The couple separated about two weeks ago. Police had been called to their home, 3732 East Market street.. Nov. 10, by a violent quarrel. No arrests were made. Five days later. Mrs. Monroe sued lor divorce in superior court one, the court of Mayor-elect John W. Kern. Her suit would have come to trial in fifty-one days under the Indiana code. This morning, Miss Mary Lou Patterson, young and pretty judge pro tent, in court one. denied a motion by the court's bailiff to dismiss the case. Miss Patterson held that, since the divorce presumably supplied the motive for the killing, the compliant should remain on file. Monroe, whose addresses were listed as 1220 North Illinois street and 335 Prospect streeet. apparently had persisted in the belief he could bring about a icconciliation. Late yesterday he went to Mrs. Rairdon's apartment, where his w-ife had been living since the separation. Mrs. Monroe was not present, but her husband waited for her. Mrs. Monroe arrived almost at once and her husband asked that she accompany him to the bedroom, where they might have more privacy for their conversation. She demurred. but agreed when he became insistent. They argued in the oedroom for a few minutes Then. Mrs. Rairdon heard the sound of shots. Police say three were fired. Dr. John Salb. deputy coroner who investigated, said there were only two

■ moils of Europe, he came to the United States and to Indianapolis. Here he met another man from Rumania who told him that he should become a naturalized American eitizen. The friend had a wife, according to the pleas of Mr. Popa m federal court, with whom Mr. Popa became friendly. The friend helped Mr. Popa sign his naturaliza•rion papers and later reported to the government, according to Mr. Popa s charges, that the papers had been falsified. When the case was brought before Federal Judge Robert C. Baltzell it was revealed that Mr Popa failed to mention that he had a wife and a child in Rumania My friend told me it wasn t necessary. He would fix* things up Mr Popa testified. His attorneys pictured the husky cook as entering

INDIANAPOLIS, SATURDAY, NOVEMBER 24, 1934

BOND-JUGGLING PLOT TO LOOT THREE CITY BANKS IS REVEALED

MILK FARMERS THREATEN CITY WITH BOYCOTT 300 Angry Producers Are Restrained by Adroit Minority Moves. Militant Indianapolis milk shed farmers, incited to speak out in meeting over the present milk situ- ! ation last night were prevented only } by adroit parliamentary maneuvers; from taking definite action to keep j their milk on the farm and off the j city table. Lacking a radical leader and j guided b a compact minority of i ; conserve.!. /es, 300 of them from; eight counties gathered in the com- ! munity hall at Greenwood, finally j compromised by delegating to nine of their members power to raise and i lower prices and even to declare a milk holiday if it seemed necessary. The pow'er so intrusted now rests with the operating committee and the price committee of the farmers now running the Greenwood dairies as a co-operative venture. This venture was launched for the ! 1 express purpose of bringing large i Indianapolis distributors into line : on a price to the farmer, now set j by them at $1.85 a hundred pounds of 4 per cent milk, purchased on a flat basis. Milk Holiday Suggested Although only 300 of the approxiI mately 6,000 producers in the milk | shed attended, it was assumed by leaders that, many of them actually were neighborhood delegates and i carried with them proxies for hun- j dreds not there. Even C. W. Gregg, R. R. 2, Greenwood, chairman of the price comi mittee and a member of the con- j servative group, declared at one point that a milk holiday might be i necessary, and Leonard Clure, | Franklin farm operator, who once | ! sought to be state Governor, told the assembly that “if you men think l it’s best, I’ll keep my milk at home.’’ j The farmers were particularly bit- ( ter about operation for seven years ! of the base and surplus plan, now discarded by distributors, whereby distributors, they said, virtually were insured a profit and the farmers, with bad prices, a loss. They also ; j said that so long as the distributors employed present “wasteful methods 1 of collection and distribution” the situation would remain bad. Offer Milk for Nothing Several farmers who lived outside a profitable hauling distance from Greenwood offered their milk to the new co-operative for nothing if some way could be devised to collect it. •Tve been giving my milk away for three years, I might as well continue," one shouted. Milk sent to the Greenwood is pasteurized and distributed. The proceeds pay the overhead and any net profit is pro rated among participating farmers. The Greenwood now charges 3 cents a quart to groceries, 7 cents S delivered to homes and threatens to go lower to further embarass city distributors. One farmer, plainly annoyed, sug- ! gested that they keep home the milk j ! on the basis that the city man “will pay 15 cents for a bottle of beer | and won't pay 10 cents for milk. Keep it home ’till they’re ready to buy it." Indignation Is Expressed Another declared. “I have six or 5 leven fresh cows now and they’re running with the calves. I’ll keep I 'em there ’til I can get a price for | the milk that'll pay me to milk : them.” John Meyers. Greenwood grocer and farm owner: “I'll give my milk away. I'm not getting anything for | it anyway.” Charles Henry, near Greenwood: Keep it down on the farm and it won't be two weeks 'till they’ll be begging for it.” What did you do before you milked cows?" another asked. "We don't have to milk cows all our lives. We can live. I say get out of the oils:ness if we can't get those distributors to be fair.” Late in the night they passed almost unanimously a motion empowering the price committee to deal for them with producers and the operating committee to declare a milk holiday if necessary.

into a strange land which baffled him. He w'as eager to accept his friend's kindness in filling out the naturalization papers. a a a JUDGE BALTZELL sentenced Mr. Popa to serve six months in jail. A friendly sheriff at Franklin. Ind., accepted the prisoner. Last Feb. 15 the department of labor stepped in and ordered a deportation hearing. The department ruled that Mr. Popa must leave the country within a year voluntarily or forfeit a SSOO bond and possibly receive additional imprisonment. John Caylor, Mr. Popa s attonrey went to Washington to argue the case before the department of labor deportation board, but the board upheld the previous decision The startling blow came when the

CAPTIVE GIRL FINDS CITY SYMPATHETIC; WOMAN BRINGS GIFT

The story of 16-year-old Helen Mack has touched the heart of this busy city. For this, you may take the word of Mrs. Anna Pickard, matron of* the juvenile detention home, where Helen is staying now that her alleged year-long imprisonment has ended. Yesterday, an old woman, pity shining in her eyes, visited the home and gave Mrs. Pickard 80 cents, presumably much of her worldly possessions, to give Helen as spending money. “I want her to be happy.” the woman said. Revealing this today, Mrs. Pickard said that the home had been deluged with telephone calls from sympathetic women since the girl had arrived there Tuesday afternoon. Today, the motion for change of venue directed against L. Russell Newgent, juvenile referee, by Paul P. Scharffin. attorney for the father. Harry Mack. 38. grocer, and the stepmother, Mrs. Ora Mack, 32, automatically was disposed of when Juvenile Judge John Geckler announced he will return to his bench Monday. TROLLEYS RUN DESPITE STRIKE Walkout at 1,800 Fails to Impair Car Service in Los Angeles. By I nilvri Prrss LOS ANGELES. Nov. 24.—Eightpen hundred union employes of the Los Angeles Railway Company struck today, without disrupting service or inconveniencing the 200,000 passengers who use the company's street cars and buses daily. Street cars ran .practically on schedule. The peak of the morning traffic period passed without downtown office workers experiencing appreciable delay in getting to work.

ELDER AND BINGHAM STILL KEEP POSTS Legion Publishing Company Officials Retained. Bowman Elder still is treasurer of the Legion Publishing Company and Remster A. Bingham still is general counsel. American Legion national headquarters announced today to correct -an error in yesterday's editions of The Times. The board of directors of the publishing company deferred action of any change in the position of treasurer and general counsel wffien it met Thursday night. Mr. Elder was ousted as national treasurer of the American Legion last year and not two years ago as ; was stated in The Times yesterday WOMAN IS KILLED, 2 INJURED IN CRASH Mrs. Effie Griffings Dies in Mishap Here. Mrs. Effie Griffings. 66. of 3515 orth Pennsylvania street, was killed and two others were injured seriously in an auto crash at Fortythird stree tand Boulevard place today. Mrs. Griffings died in the city ambulance just before reaching Methodist hospital. Mrs. Ethlene Crobb. 39. daughter of Mrs. Griffings. of the same address. was badly bruised and shaken and Mrs. Charles F. Andrews. 58, of 252 Berkley road, also in the car. received severe head injuries and a possiblue fractured hip. Mrs. Crobb was driving their car when it w-as struck by a car driven by Arthur Pash, 35. Negro. 1137 Roach street.

government of Rumania informed the United States that under no condition would it accept John D. Popa. The Balkan country held that Mr. Popa had forfeited his citizenship by attempting to become a naturalized American. Since that time country after country has refused to accept Mr. Popa. "He has become desperate because daily it grows nearer the date when he must leave the country for—where? His wife and child are in Rumania, a country which he is forbidden to enter; his friends are in America, from which he must depart. ana CONGRESSMAN Louis Ludlow attempted to solve the ease but his efforts were futile, also. Th? department of labor does not know what to do with Mr. Popa. Unwant-

MOVE TO BAR FRANCHISE FOR NEW GAS CO.

Citizens Firm Seeks to Enjoin County Commissioners From Acting. An application for an injunction restraining the county commissioners from granting a franchise to the Users’ Gas Company was filed in i superior court five today by the Citizens Gas Company, which named both the commissioners and the Users' organization as defen- ! dants. The petition, hearing on which was set for 9 Tuesday morning by Otto W. Cox. judge pro tern, alleges that the Users’ Gas Company, which was incorporated Oct. 8, has ob- ! tained no certificate of public con- | venience or necessity from the In- | diana public service commission to | operate in Marion county, either in- ' side or outside the corporate limits i of Indianapolis. The Citizens Gas Company charges that the commissioners | have no jurisdiction or authority to approve a contract such as has been ! offered to them by the Users' and I have no authority to grant an ex- ; elusive franchise or an indeterminate permit for the supplying of gas ! to the people of the county, or to j grant any franchise to a utility in advance of its authorization by the ! public service commission to do 1 business. Rattle Has Political Side Nevertheless, the petition concludes, the commissioners and the Users’ company are asserting such an authority and the company intends to ask final approval for operation Dec. 7. Such operation will be in competition with the Citizens I company, the latter alleges, and would be injurious. | Two law firms. Smith. Remster, ; Hornbrook A: Smith and Thompson, j Rabb & Stevenson, filed the peti--5 tion for the gas company. Will H. Thompson and Albert L. s Rabb of the latter firm, are counsel ! for the Indianapolis utilities district and appear presumably because the utility district's interests, to some degree, at least, are those of the Citizens, in which the city has a proprietary interest. The suit is the latest move in what promises to be a political as well as a business battle. Yesterday. the utility district made it plain it would not do business with the Users’ until it knew the identity of | the interests back of that company. Commission Anti-City At that time, Clinton H. Givan, | attorney for the Users' company, stated that Mayor Reginald H. Sulj livan had done nothing in his five 1 years in office to obtain lower gas | rates for city gas users. Mr. Givan has said that the Users’ I would supply natural gas. with a 900 British Thermal unit heat quality, j at, 35 cents a thousand cubic feet j and would lend the city enough money to purchase the equipment of j the Citizens’, a move viewed most favorably by Mayor Sullivan. After a preliminary hearing, the commissioners, who. though Democratic, are unfriendly to the city hall administration, set Dec. 7 for Ia final hearing on the Users’ petiI tion. It has been predicted freely j that they will approve the company, ! despite the mystery of who actualI ly are behind its admittedly dummy | incorporators.

Arthur Murray Explains New Dances for You

IS your dancing in style with your clothes? That isn’t a question propounded in jest. It is a question that is going to be tremendously important this season, which promises to be the gayest social era in a decade. Dancing styles have changed radically this year. Robes de-style and Directoire models adapted from old-time fashions don't look

ed, he must roam the seas unless some action is taken quickly. Frightened and desperate, Mr. Popa came to the district attorney's office this week to ask for help. The assistant district attorney, to whom Mr. Popa talked, admitted frankly that the strange case was out of his jurisdiction and that he could see no real answer to the problem. A citizen of no country, Mr. Popa left the office trembling and with tears of sheer nervous exhaustion in his eyes. Mr Popa believes that through no fault of his own fates cruelly has twisted his life and placed him in thp tragic dilemma of Philip Nolan, the man who forfeited his citizenship by swearing that he never wanted to see an American flag again.

Entered as Second-Class Matter at Postoffice. Indianapolis, Ini

Insurance Company Fraud Keystone of Whole Nefarious Conspiracy, is Charge of Chicago Authorities. YOUTH CRACKS, GOES TO POLICE Dave Barry, Famed ‘Long-Count’ Referee, is Involved in Far-Flung Manipulations, According to Prosecutors. Plans of a ffang of alleged swindlers to gain control of three Indianapolis banks were foiled in Chicago today, state's attorney’s police there declared, because a 22-year-old bank clerk became conscious-stricken, Chicago prosecutors, who claim they have full confessions from two of the gang they accuse, refused to reveal the names of the banks involved here because they feared they might injure the reputations of men in no way responsible for the plot. Also involved in the deal, they said, was the $13,000,000 Abraham Lincoln Insurance Company of Springfield, 111., which has outstanding policies of $70,000,000.

cur JAIL RULES ARE TIGHTENED Judges Issue Regulations for Purpose of Ending Abuses. Strict regulations covering contact between prisoners in the city prison and outsiders, the handling of bond for such prisoners and their release from the prison while under charges were set up today in an j order issued by the municipal judges in order to end certain abuses. No person, lawyer or member of the general public, will be allowed i to visit any prisoner at any time ! unless written permission is given by one of the judges, Chief Mike j Morrissey, Detective Chief Fred Simon or the police captain on duty ! at the time. Bailiffs assigned to the turnkey’s ! office will interview all prisoners when they are incarcerated and fill out blanks showing the name, address and employer of the prisoner as weli as the person or persons to be notified of the arrest along with the crime charged. The bailiffs also will be held responsible for making requested notifications. Where the prisoner is charged j with an offense, bail for which is i less than SSOO, and the bailiff establishes to his satisfaction that the address given is correct, ;e is to notify the police captain on duty who has authority, with the excep- | tion of cases where certain crimes are charged, to authorize free ng the prisoner without bond. Cash bond of $25 will be required in all cases where prostitution, keep- ! ing a house of ill fame or associating with a prostitute is charged. Bondsmen will not be allowed to talk with any prisoners at any time during incarceration. Lawyers, after obtaining permission from the proper authorities to see a prisoner, must register in the lawyers’ register. Patrolman Hurt in Fall Patrolman Thomas Sullivan became dizzy early today as he walked his beat on the city hospital grounds, fell, struck his head on a stone bench and received a bad gash in his scalp.

their best when whirling around the floor to syncopated fox-trot rhythms. So it will be the waltz, hesitation fox-trots and other variations of the popular steps that will be featured at the smart dances this winter, says Arthur Murray, president of the National Institute of Social Dancing, most widely known social dancing instructor in America, and the man who creates the innovations that distinguish the new step..: It is those steps 'that must be learned if dancers want to belong to the select group of much-sought-after partners; and Arthur Murray is going to teach them to every reader of The Indianapolis Times who follows the series of six daily articles on “NEW DANCES for the HOLIDAYS,” that will be published beginning Monday on the Woman’s pages of The Times. Each article carefully explains in detail the succession of steps required to execute someone ol the interesting innovations that have won favor at the coming-out parties of this season’s Park avenue debutantes. Diagrams and pictures make the articles easy to understand and to follow as you practice them at home at the tune of your phonograph or radio Get out your dancing shoes and prepare to practice up the steps Arthur Murray teaches in the "NEW DANCES for the HOLIDAYS” series. They will be puolished m The Times, beginning Monday.

HOME EDITION PRICE TWO CENTS Outside Marion County. J Cent*

Full confessions, prose- ! cutors said, had been obtained (from Jlayden Sanders, former dice shaker in a Ch cago loop case, and treasurer of the insurance company, and Otto J Derek, the bank clerk whose fiancee, he told them, had urged him to go j to the state attorney’s office and | make a clean breast of it. His story led to the arrest of ! Joseph Baiata, ex-convict and confidence man; Dave Barry, loop saloon owner and famous "long count" referee of the last DempseyTunney fight at Soldier's field, and Abraham Karatz, attorney there. One Bank Actually Bought Prosecutors said one of the Indianapolis banks actually had been bought and would have gone into ! the possession of the gang last week except that officers deferred until i a meeting of the board of directors. They said the plans of the gang ! were to have come today to this city {and take possession of the bank, i The bank now is in possession of a good faith deposit of bonds extract- ] ed from the portfolios of the insur- | ance company and the contract of purchase contained a $5,000 penalty | if the deal was not consummated. They said that a liberal deposit already had been made on another of .the banks and that the deal was in an advanced stage. Company Head Vanishes Gustav Lindquist, president of the : insurance company, and former Minnesota state insurance commissioner, was sought in the middle west after he had been taken into | custody, was released on his promise to appear when wanted, and dis--1 appeared Thursday. Prosecutors announced that while no money had been lost to the insurance company policyholders and ; that the company finances were in excellent shape. $54,000 had been embezzled from the Amalgamated Trust and Savings bank of Chicago, for v hich theft Baiata, Barry and Karatz were charged. The Abraham Lincoln Company was merged last night with the Illinois Bankers Life Assurance Company of Monmouth. 111., at a conference of directors of both companies, the latter becoming dominant. Details of the merger were not announced. Both Lindquist and Sanders were | ousted from theii offices. R. W, Turnbull, Springfield, was appointed to succeed Lindquist as president, and W. A. Fairley was named treasurer. Thrpe of the men connected with the gang were here Nov. 10 on another financial mission, it developed today. Th' > men tried to interest officers and directors of one bank in a proposal to buy the assets of an insurance company in the east. One director, who sat in on the conference, could not remember today the name of the insurance company they proposed to buy, so tenuous, he said, was the proposition.

I,eft Bag at Bank The men appeared at the bank about noon on that Saturday and one of them carried a bag which he caid contained $50,000 worth of bonds. Soon after they began to state their proposition, the du’ector said, he realized they were talking in sums of money that would not be legal loans for the bank to make and it did not take long for the matter to be dismissed. However, the bank had closed for the day in the meantime, and the men asked if they could put the bonds in a safe there. They were given a safety deposit box and left. ' The following Tuesday, the man the director was certain was Sanders came and claimed the bag and departed. The director said the men described themselves as promoters and at no um he said, did they mention the m, ve of any one he knew. Firm Recent! 'eorganized Sanders confesk prosecutor* said, that he had bes. "ed in his office in the insurant 'any by the gang and had co, .ited irregular acts that have been discovered. The conspiracy was made possible by the fact that the Abraham Lincoln company recently was reorganized under anew management. Sanders and Lindquist were ap- ; pointed at that time, j Sanders confessed, according to (Torn to Page Three)