Indianapolis Times, Volume 46, Number 239, Indianapolis, Marion County, 14 February 1935 — Page 9

FEB. If, 1035.

SLUM CLEARING BILLS FILED IN INDIANA SENATE Municipal Housing Board k Proposed in One of Four Measures. The way for Indiana to engage in a slum clearance program, with or without the aid ol the Federal government, is paved in four administration bills to be introduced in the Indiana Senate. Most important of the four is the bill providing for the setting up of a Municipal Housing Authority which would be given broad powers of eminent domain and the right to issue revenue bonds. The bonds would not be a fleeted by the *l5O tax limitation law because, being revenue bonds, they would be an obligation only against the slum clearance project and not against the city as a whole. Housing authorities would be set up through appointment by the Mayor after petitions had obtained public hearings by the city councils. Only 100 petitioners would be necessary to obtain hearings in first class cities. Fifty petitioners would be required for second class city f hearings and 25 for third class city hearings. These hearings would determine the need for slum clearance projects and the decision to proceed would be followed by the appointment of the five-member housing authority. The other three measures are an enabling act and companion measures. A lengthy preamble to the housing authority measures sets out the sociological aspects of slum clearance projects. Lions Hear Mexican Girl Inex Samp, a native of Mexico, discussed the customs of that country at the Lions Club luncheon yesterday at the Washington. The address was in preparation for the Lions international conference in Mexico in June.

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News Survey of Indiana

Hi T me* Spreta 1 JEFFERSONVILLE. Ind„ Feb. 14—King Basketball is the basis of a squabble between the ardent fans of the unbeaten Jeffersonville High School quintet and h:eh school authorities. The fans were highly irate when they discovered that it was almost impossible to buy tickets for a game Saturday night between Jeffersonville and Jasper here. They were not pacified when Principal H. B. Vorgang explained that aavance ticket sales to local, Jasper* and Martinsville basketball enthusiasts had exhausted the 6upply. The problem has been settled in part by Mr. Vorgang's announcement that he would have a public address system Installed in a local hall to afford the fans an opportunity at least to hear description of the play.

Fight for Office Ends By Time* Special MARION. Feb. 14—A bitterly contested battle for the office of Grant County sheriff ended here when Bert Renbarger, who has held the office since Jan. 1. relinquished the position to Orville Wells, his Republican rival. Mr. Renbarger was declared the victor by 43 votes by the canvassing board. A recount revealed that Mr. Wells had won by 48 votes. Despite this paradox Special Judge Sumner ruled that there was no indication of fraud or ballot tampering. Mr. Renbarger will receive approximately $750 for his services while in office. mam Assails New Deal By TANARUS, me* Special GREENSBURG, Feb. 14—The middle class was urged to arise and militantly oppose the New Deal with a united front of conservatives and liberals by Fredrick E. SchorteMUSTARD AND CAMPHOR GUARANTEED TO END RHEUMATIC PAINS Mustard and camphor, correctly compounded. like these old reliable ingredients are used In making “Skoot Liniment.” will in 15 minutes relieve the most severe rheumatic, lumbago and neuritis pains. A big bottle costs only a few cents. Try it. “Skoot Liniment” is sold on money back guarantee by Hook. Haag. Walgreen and all other drug stores. —Advertisement.

meier here lart night at a dinner sponsored by the Decatur County Republican committee. Mr. Schortemeier said: “The Republican party should now take a definite stand for the proposition that progress to be permanent must be accomplished within the Constitution and without attempting to violate the unalterable economic laws, chief among which are work, thrift and self-dependence.” Cuban Bank Is Bombed y.y United Prc*i SANTIAGO, Cuba, Feb. 14.—A homo last night damaged the Nova Scotia Bank Bldg., in which the American consul has his office.

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THE INDIANAPOLIS TIMES

FRANK PARISH REVEALS COSTS IN GAS INQUIRY Holu's Delivery Could Be Made to City at 28 Cents a Thousand. Frank Parish, president of Mis-souri-Kansas Pipe Line Corp., told the legislative committee investigating the gas industry as it affects Marion County, that he was certain natural gas could be delivered at the ' city gates for 28 centr each 1000 cubic feet. Roughly, he estimated at the committee’s late afternoon session yesterday, that would bring gas to the householder’s meter at around 55 cents for each 1000 cubic f?et. Today Clinton H. Givan, attorney for the Users Gas Cos., whose backers never have been publicly dentified by an officer or director, reminded the City Utility District that his firm still offered 35-cent natural gas at the city gates, and offered to assist in financing the city’s purchase of the Citizens Gas

Cos. which now gets as high as $1.05 each 1000 cubic feet of gas. Mr. Parish admitted his figures were guesses, and he said if the committee would furnish him with a complete financial setup of the Citizens Gas Cos., he would have his own engineers make exact estimates of the cost to the city of taking over the Citizens’ plant, and of the probable cost of gas to all classes of consumers. Before he testified, Mr. Parish told The Indianapolis Times chronologically how his MissouriKansas and Xentucky Natural Gas Cos. came under control of Columbia Gas and Electric Corp. and J. H. Hillman. It had been his intention, he said, to build the Panhandle Eastern Pipe Line Corp., a gas pipe line extending from the Texas Panhandle fields 900 miles to the Indiana-Illinois state line, through sale of common stock of Missouri-Kansas. This, he said, he was in a fair way of doing in 1930, when, he said, fulfillment of orders placed would have brougnt in revenue enough to complete the line and leave a substantial balance. On June It of that year, however, according to Mr. Parish, representatives of Christy Payne, an executive of Standard Oil Cos. (New Jersey), and Henry L. Doherty, president of Cities Service Cos., came to him with this proposition: Unless Mr. Parish’s company sold,

at cost, all its gas reserves to Standard, and, at cost, all its pipelines and contracts to Cities Service, the two would combine to stage a market raid on Missouri-Kansas stock. Mr. Parish said he then bargained with them and they agreed on a week's truce. That was Saturday. Monday, he alighted in New York City and found the raid on his common stock in progress, he said. He wanted to see Christy Payne. This is the Parish story of what happened then: Mr. Payne’s office said he was out. The raid continued. Down went Missouri-Kansas common from 361* at the opening. Mr. Payne

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still wasn’t in. The stock went as low as 15. Short selling brought the price back to 26 at the close. Mr. Payne was in his office then and he would see Mr. Parish. Mr. Parish and his attorney walked into the office. Mr. Parish says Mr. Payne greeted them with: “Well, boys, how do you like it?” The market for the common stock was destroyed, Mr. Parish said, and he was forced to find new means of financing. So, Mr. Parish sold to Columbia Gas Sc Electric one-half interest in his common stock in Panhandle Eastern for around $10,000,000. At the same time. Columbia and

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