Indianapolis Times, Volume 46, Number 180, Indianapolis, Marion County, 7 December 1934 — Page 15

DEC. 7, 1934

NATURAL GAS BUSINESS FACES SENATE PROBE Disclosures Before Trade Board Prompts Nye to Ask Inquiry. By Scripp.-ffaitard V eutpnper Allianc WASHINGTON. Dec. 7.—Renewal of the Federal Trade Commission s investigation of natural gas utilities may result from sensational charges made by Frank P. Parish in an effort to block a final settlem n nt of the receivership of the Missouri-Kansas Pipe Line Cos. Far in advance of Senator Gerald P. Nye's current proposal for, a Senate investigation of “the natural gas racket.” the FTC last summer reported to the Senate evidence of “ruthless disposition” of small concerns. The Missouri-Kansas Pipe Line Cos. case, which inspired Senator Nye's announcement, was examined by the FTC in June. Witnesses were Charles E. Mitchell, former president of the National City Bank, and Stanley Russell and Joseph P. Ripley, former executive vlce-nresidents of the National City Company. Doherty Feared for Rate* The FTC's latest interim report, indicating that four large groups dominate the nation’s natural gas business, quoted telegrams from Henry L. Doherty in which that utility magnate protested the National City Company's financing of the Frank P. Parish interests. If Mr. Parish carried out his plans, Mr. Doherty warned, it would “inevitably smash rates.” The National City Company arranged a contract whereby the Parish group sold a half stock interest to the Associated Gas and Electric Company for $9,000,000 and obtained assurances for the flotation of a $20,000,000 bond issue to complete a gas' main to the IllinoisIndiana state line. Wiring Charles E. Mitchell, Mr. Doherty said: “The Columbia went into this enterprise in spite of a previous understanding had with me, but tried to justify their negotiations with Parish on grounds of fear that Parish would raid their territory.” Complains of Paper’s Attack In a second more vigorous wire, Mr. Doherty said “there are endless possibilities for trouble in -this matter'' and warned that “people who w'ould have shunned this enterpri "... might now be willing to i buy out Parish . . . and then Parish might be found building another line so- sent" one else to buy.” Nd v Mr. Doherty again wired Mr. Mi h 11: "Par: h h s claimed he was not ! trying to injure us,” the wire said, i “and y. as soon as this deal was ann* ■ rl he or his officials went to The Kansas City Star and said this deal would enable them to give Kan. as City cheap gas, and we are now subjected to the merciless cas- ' tigntion of that paper based on the support you and Columbia have, given Parish.” Enteusions Thwarted Trade Commission examiners, pointing out that the Parish concern! had been put in receivership, in- i qujred into the reason for National j City Company’s sale of the entire j $20,000,000 Parish bond issue to the j Columbia interests. After the transaction was com- ; pleted, witnesses testified, the Co- j lumbia directors in Parish’s com- I panics opposed extension of Parish j lines to Indianapolis. St. Louis or I Detroit—three of the largest un- I claimed markets for cheap natural gas—while Parish and his associates j insisted upon the extensions. They ' were never made. The meetings.! Mr. Russell said, were “sometimes ; quite acrimonious.” Mr. Parish, in his brief opposing a fin disposition of the Mis-sour.-Kansas Cos. receivership, has i charged that millions of consumers ! are now being denied the benefit of ' cheap natural gas from the Texas Panhandle. City Man Is Injured Relatives of Hilden Hollings- ! worth. 616 Euclid-av. were notified today that he had suffered a broken arrrf and internal injuries in a truck accident and was in a Findlay lO.) hospital recovering.

Just Arrived New and Unusual Assortment of NECKWEAR featured at Cf} c Including Silk warped patterns . . . Wool and Rabbit Hair combinations . . . Moire stripes and many other new and unusual designs. s?e Them in our Windows j! Wool .. . lisle or pure silk. Sold with absolute j! guarantee of satisfaction or replace with new !• pair. You to l>e the judge. ;! HARRY LEVINSON YOUR HATTER 37 North Pennsylvania St. 17 South Illinois St. Cor. Illinois and Market Sts.

#THE American RED CROSS AMERICAN RED CROSS 777 North Meridian Street, Indianapolis I desire to become a member of the RED CROSS and am sending you herewith my contribution $ Name— —— Make checks payable to: ARTHUR V. BROWN, Treasurer, and mail to: AMERICAN RED CROSS, TIT North Meridian Street, Indianapolis. Membership card, button and window flag will be mailed promptly on receipt of remittance.

Indiana in Brief

By Timm Special MARION. Dec. 7.—Marion College is offering a display of German art of the last 60 years, sponsored by the Carl Schurz Memorial Foundation ior Development of Cultural Relations between the United States and Germany. The d.splay is under the auspices of the Les Beaux Art Club of the college. Being shown are 125 original etchings, woodcuts and lithographs. Lectures on the display are being given by Mrs. Yvonne Johnson, Reading, Pa.

nun Building Nearly Ready By Timm Special NEWCASTLE. Dec. 7.—New SIOO.000 building of the Indiana Bell Telephone Company, housing the Newcastle exchange, will be put into service Dec. 12. The building is a two-story brick structure. a a a Beauties Compete By Time* Special FRANKLIN, Dec. 7.—From fourteen Franklin College women, Ce-

X OPEN AN \ /account at rite sX M 43 South Illinois St.—Between X M Washington and Maryland Streets. X f Extraordinary advance purchases have enabled us to 1 1 hold prices down for Xmas shoppers. Have all your gift purchases placed on one convenient charge account. BirlhsloH. Rings MmmßNis —Styles for men —T he s e Dia- fygZjMf and women. HEL q e monds are of Mm _ _ Modern mount- V unusual bri 1 - Ja y ing. An id ea 1 • liancy. Mounted M # Xmas gift. mßr i p j n so iid gold. 25c Down—2sc Week s® c Down 50c Week taft MMWatt TdMMt cased. Mov e - gh (■ Beauti iu 11 y p| ments are ac- 7K ¥ 3 decorated pieces Q C curate and de- J® • in m °dcrn de- A' J pendable. Cp sign. Gift chest • 50c Down —50c Week included. * p 25c Down—3sc Week YOUR CREDIT IS GOOD AT \ 1 43-45 S. Illinois St. 25 Years In the Same Location

cil DeMille, noted motion picture producer, will pick four beauty winners whose pictures will appear in the 1935 Franklin College Almanack, the school yearbook. Criminal Law Expert Is Daad By L nited Pre*tt CHICAGO. Dec. 7.—Judge Andrew- Alexander Bruce, 68, noted jurist and authority on criminal law-, died of a heart attack yesterday.

THE INDIANAPOLIS TIMES

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