Indianapolis Times, Indianapolis, Marion County, 8 December 1936 — Page 1

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ING’S DI

: Party clos) night and tomorrow; re TUESDAY, DECEMBER 8 8 , 1986 ,

BALL REVEALS “HOW HE AIDED RAIL OWNERS

Financier Tells Probers He Gave Van Sweringens Option on Roads.

LISTS AUCTION ' PROFITS

Manufacturer Says He Put Up $1,343,000 to Help Rescue Empire.

By United Press WASHINGTON, Dec. 8.—The Senate railroad investigating committee learned today how the late brothers, O. P. and M. J. Van Sweriznigen regained control of their vast -railroad empire without putting up a cent when their securities were gold at auction by New York bankers in 1935. George A. BH, elderly Muncie (Ind.) fruit jar manufacturer, who came to the financial rescue of the brothers when ‘banks foreciosed on $40,020,000 in defaulted loans, revealed the Van Sweringens were given a 10-year option to regain outright control of the system. Ball and George A. Tomligson, Cleveland shipper, advanéed most of the $3,121,000 used to purchase the collateral securities on the auction block in New York. Under their agreement with the brothers; Ball revealed, the latter were to remain connected with management of the companies, with the right to regain control later. Revelation of methods used by Van Sweringens’ io avert an n capie during the committee's iny¥stigation of railroad financing methods, which may be culminated ‘by proposals for Federal regulation of railroad financing.

Forms New Corporation

Previously’ : Ball ‘disputed tions of Senator Burton K. Ly atier- - (Dy Mont; that there ‘was ged agreement under which J. P. Yor & Oo, .and other New York

to raise and would bid to retain control of their securities. Ball testified that Mid-America Corp, + Jotnad for the express purpuse of bidding on the Van Sweringen securities, was established (Turn to Page Three)

TEMPERATURE RISE EXPECTED TONIGHT

HOURLY TEMPERATURES 23 10 a.m. 30° 28 11am. 35 25 12 (Noon). 37 20 1pm... 41

. The winter that yesterday skipped into town with near-zero temperatures had skipped out again today and tonight it is to be even warmer, Lite Weather Bureau predicted toay. - It is to be partly cloudy tonight and tomorrow, the Bureau said.

. 2000 EXPECTED AT DINNER FOR M’NUTT

More than 2000 persons are expected to attend a testimonial dinner at the Claypool Hotel tonight honoring Gov. McNutt. : Gov. James V. Allred, Texas, and Gov. John B. C. Ehringhaus, North Carolina, are to speak.

BOB BURNS SAYS: x sivas sme

man brag about how he has ‘his wife fooled. We had a man like that down home ope time. He used to say “Why, I can make: my ‘wife: believe anything.’ He said: “I have her believin’ _ that the parrot taught me how to swear.” Then : he . laughed and said: “My wife thinks I eat cloves because I like ‘em.” Well, the other women of the town heard about this poor, mis guided woman and they decided they'd have a meetin’ and teach her a lesson in husband study. © . One woman says: “I can ab. ways tell when ‘my husband .is lyin’ because he looks down at ground—he can’t look me in the

oy nter Another one said: “My husband - A Be

~chairman, |

Times’ Annual’ Mile-of-Dimes’ To Be Started

A Lumble silver shrine will greet Indianapolis tomorrow at Meridian and Washington-sts. The shrine forms one of the trinity of “faith, hope, and charity” in The Indianapolis Times’ .Clothe-A-

Dimes,” sidewalk Santa of the annual drive, Other members of the trinity of Christmas are: 1. Kindly donors who go into impoverished "hemes and shop for needy children. 2. Generous donors ‘who mail citecks or send cash to dress boys and girls of school age. ‘And all are bound by one common bond and that the desire for children to have warm clothing on the birthday of another Child. Open Until Christmas The Mile-0f-Dimes levels the generous hearts. ‘A shop-girl’'s lunch money lies ‘beside a broker’s spending money. The clerk who skimped on his cigaret change buys his yardage of warm woolens along with his

The Mile-of-Dimes, as well as other . divisions of Clothe-A-Child, will be open until Christmas. As the money is laid on the 100-foot strio ir front of the L. S. Ayres and S. S.

Times shoppers. Cashiers will be on the line to make change. Santa Claus will ring his bell as the yardage grows. His hours re 9:30 a, th. to 3:30 p. m. The. line will be open day and night, snow ‘and sunshine. Watch the Mile-of-Dimes grow! Or if you wish you may clothe a boy or girl-by calling RIley 5561 or by mailing a cheek for a Christmas gift ha} is always returned ‘o you in oy ;

PHILIPPINES ARE SWEPT BY FLOOD

Thousands he Reported, Missing as River -

By U nited Press : Foi ' MANTLA, Dec. 8--The new i Philo. pine Commonwealth government mobilized relief resources today to rush to.the aid of thousands of isSIng tims of rising flood waters in northern Luzon. An Army bulletin on the disaster, feared the worst in Philippine history, ‘related ‘that the Rio Grande De Cagayan, swollen by last week's typhoon, burst its banks in the valley north of Manila, spreading devastation to property -and .causing heavy loss of life. It added: “At present there are 20 known

dead in the flood, but apparently

there will be very many more.” Communications Cut

An accurate check of deaths in the flood which swept across Isabela, Viscaya and Cagayan provinces was impossible. Communications were cut by the roaring torrent. The military authorities . directed rescue and relief work. They had no reports here, however, for-- 24 hours on the extent of the disaster. Army officers said they awaited the report of Maj. Gen. B. J. Valdes, deputy chief-of-staff, who made an airplane initial survey flight. « The government began immedie ately to organize relief.

MRS. EUGENE V. DEBS DIES IN TERRE HAUTE |

Times Speciai TERRE HAUTE, Ird., Dec. 8— Funeral services for Mrs. Katherine Debs, ‘widow. of Eugene V. Debs,

Socialist leader, were being arranged

today. Mrs. Debs, 79, died at her home here last night. She Surviving are two half brothers, Oscar and Arthur’ Baur, Terre Haute, and two half sisters, Mrs. Cecilia Martin, Helena, ‘Mont., and Mrs, ‘Ira Calder, San Antonio, Tex.

MARKET S AT A GLANCE

By United Press Stocks firm in light trading.

active trading.

Child campaign. It is the “Mile-of- |

Kresge Stores it will be spent by |p

and homeless persons, vic--

Bonds irregularly higher in fairly |

'WRITEUP' OF

Records Show Advance of $17,000,000.

Official Plans to Bring Expert to ‘Hearing in Progress Here.

BY DANIEL M. KIDNEY i ‘Times Staff Writer | WASHINGTON, D. C.,. Dec. 8.— Henry B. Steeg, Indianapolis city engineer, announced here today ‘that he believed he had discovered a $17,000,000 “overnight writeup” in Indianapolis Power and Light Co. securities, which may have considerable effect on:the rate case now before the Indiana Puplic Service Commission. His announcement cane following a conference with Commissioner obert E. Healy, : Securities “ and Exchange Commission. His informa-

ords, he said, and reported he had _ asked that they be tabulated and, sent to Indianapolis for use in the case. “e

Judson C. Dickerman, Federal Trade

pects’ to take to ‘Indianapolis as an expert witness on valuation. He made preliminary arrangements for “the trip with Joe Baker, assistant to the ¥TC chairman. “We really are more interested in supporting. the Public Service Com-

that of the company than we are directly in rates,” Mr. Steeg declared. . “The company is ready to grant us about a half million in

tion to justify such Overnight: Writeup.”:

“IMoCart Demands Speed

to Complete Hearing

Perry. MeCart, - Public Commission ‘chairman, today - criticised delay in the Indianapolis Power and Light Co. rate hearing and ‘demandéd “facts” instead probabilities.”

McCart hopes .to wind up the hearing by the end of the year. “We have just been going .in and Ls and getting nowhere,” he said. His comment was made after cer-.

the state, were shown not to have been properly sealed and dated. Mr: McCart said the testimony would not cary weight = as presented. After an objection by Earl Barnes, utility attorney, Mr. Bowser said the certificate, taken from the records of County Auditor Charles | Grossart, would be sealed and dated] properly and presented: later. Charles W. Spooner, Light company engineer, was stopped by Mr. McCart after 15 minutes of testimony on methods used in determining depreciated value of property. “This is no _ place for beginners,” McCart said. “Nor- do we intend to listen to" any lettures’ or ‘other such Digh-spun stuff.”

POPE IS REPORTED. T0-BE- IMPROVING Personal Physician Orders Him to Stay in Bed.

BwUnited Press.»

Pius XI, although “improving” under medical attention, will have to femain’ in bed at least two more

nounced today. , Dr, Arminta: Milani again visited the . Pontiff early this. throes following his morning call, and leaving the ‘Vatican: told the press the Pope's general condition was “Toe Toye better. The yearpg from °

Crit sad. Fhen,

A men 3. week

GH ATs

City Engineer Insists SEC|

SEEKS ‘RATE AUTHORITY | ete

A Mr. Steeg also: conferred with Commission engineer, whom he ex- |’ mission’s valuation as opposed to].

rafe decreases; but we do not want | them to, establish excessive valua- | ‘things as an’

Service | }

It was reported today that Mr.|

9 Have Not Yet : Firiehod Thinking,’ Monaseh Tells|

icgpes listing the tax value of the | *- igh company, and presented byl

VATICAN CITY, Dec. 8—Pope|

days, his: personal physician an- | Su

Holy Father, suf-]s —

tion was obtained: from SEC’ rec- |

Tan To Chea

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of Mind 1 a

Questioners; Paces Dreary Halls.

x5 “Copyright, 1936,

by Dhited Press) or

LONDON, Dee. “8.~King Edward fought out in the. ‘drear solitude of

Fort Belvedere today the conflict betWeen a mind that calls him to his country and a heart that urges. him to - -renounce his throne and his

career for love.

As he paced the rooms of his country home, trying 9 decide, he

turned impatiently to those who tried to question him and said: _ “I have not yet" finished thinking. ”» But he relaxed an obstinate refusal to ‘see his own brothers, and after a visit by the Duke of York, the eldest and his heir, the Duke of Kent’s ‘flashy Rolls-Bentley auto-

mobile arrived ‘at Fort Belvedere |-

“just before noon. If was believed that ther Duke himself, “baby” of the family, was driving. The car ‘entered almost unobserved at a side entrance. The Duke of Kent has

=

a dozen "motor crashes within a two-mile area and in one 10 vehicles skidded , into one. confused mass a few yards from the Fort’s main gate. Mr. ‘Monckton’s car was caught in the Jam for a time. . Office Routine Goes on King Edward maintained his own counsel ‘as he tried to make his decision—throne or sweetheart. Flight ‘Lieut. Edward H. Fielden, captain of the King’s flight, King

been: reported, alone-of the family, [Edward's own- airplane pilot, was

as sympathetic to the King's desire { £0 marry.” Activity at the fort was sntensified as it became clearer that the King's decision, whether to ‘renounce his throne or give up his idéa of marrying Mrs. Wallis Simpson, must be made. soon. - Lights burned in the house until the early hours as the King conferred with the Duke of York, and Walter Turner Monckton, his attorney general. |

Mysterious Car Seen Mr. Monckton" was off again at

| ing.

Bader orders to report at BuckingPalace, in London, between 5 o- 6 o'clock this afternoon. é "There } ‘was still debate whether the King ‘might, on impulse, fly to Cannes to see Mrs. Simpson before he made his decision.

The only thing ° that indicated ir -* the King's mind really was still open. was that the routine of his office went, on. The: court cireular announced that young Viscount Gage had ‘succeeded the Earl’ of Sefton as the King’s lord in wait‘ind such. Changes are made King and suc shanges are male frequently.

Checked Private ‘Income

But also the King has found out what his private income would be,

T= ie

i) ld 8 os

Tl : Her Statement Gitering: to Withdraw Came From © England, Report.

: BULLETIN By United Press » ; PARIS, Dee. 8.—A . “mystery” plane, supposedly on a mission connected with the romance of King Edward and ‘Mrs. Simpson, - flew southward across France today in: the direction: of Cannes; where Mrs. Simpson is in seclusion. I landed at Marssille late today. It ytd three ‘passengers in addition to the pilot and radio operator. Their identity was not known 'for certain. It was said they were Sydney Barron of her law firm; a representative of the British: home: office, and. a Dr. Kirkwood, It was reported they would go. to Canines by rain toHight.

By United Press CANNES, France, Dec. '8.—An ine formant believed to ce weil informed "asserted today that Mrs. |. Wallis Simpson’s statement offering to “withdraw” from her position in the British crown crisis was diétated by telephone from London. This assertion supplemented previous ones that Lord Brownlow, gentleman-in-waiting fo King Edward, who accompanied Mrs. Simp=son, to Cannes{ advised the King of the' contents of the! statement be--fore he read it. to newspaper; corre-. spondents yesterday

The telephone call at which “the 1 ‘according

statement was dictated;

to ‘the’ informant, originated ' in London. ‘The implication seemed to be

‘the King, direct ‘adviler or “King’s man: a - : Comment Lard Brownjow refused to Smply ne | Sateen, or to_ discuss it

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wer bE

that it came from /Somé one repre- |} | senting

| Crisis Over Romaiice With American Beauty, Believed Drawing toa Head; Possibility | _ Of Abdication Grows Stronger.

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Sear ASPECTS OF DUCHY EXPLORE]

Monarch May Give Up: Throne; but Retain His Cornwall Title and Revenues; Mystery: a ~ Plane on Way to Cannes.

Editorial, Pegler, Page 14.

By United Press ©

climax today.

Majesty's decision.

throne if the King abdicates.

ready to fight for him, hoped cesss

+t Keep: tie Ihgone ae nig

at |

demur.

Dr. Kirkwood.

Mrs. Simpson's decree, granted last month, would not normally become final until next April, but it is provided .by law that under exceptional ¢ircumstances ' the probationary period may - be shortened. One such ‘cirenmstance could be

“While: events. apparently were Commons waited tensety, desultorily

' Sumkmoned to "Divorce Court It was confirmed that Norman

In ==

coming to a head the House of |

LONDON, Dec. 8. —The thagic 1 romance of King Ede ward VIII, with his throne at stake, moved swiftly toward a

Eads

The King’s final deciuipn appeared imminent. Lh Prime Minister Stanley Baldwin, accompanied by Wal= ter T. Monckton, attorney general of the Duchy of Cornwall § and personal legal adviser of the King, motored from 10 8 | Downing Street to Fort Belvedere, perhaps to hear |

is

.

They were followed in a royal car by. Sir Eric ‘Mievi private secretary to the Duke of York, who succeeds to 1

& | The'Ditke of York's automobile. entered the-rear r gaté ‘lat Fort Belvedere “at 6:40:p. 'm. The King’s brother, heir ‘Ito the throne, was believed to have been an occupant. 2 Fb Mrs. Simpson's statement at Cannes-that she was wills ig to withdraw was read to the King before it, was issued : and it 8 ‘undérstood that the King’ :

ati

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'Meanwhile) & ‘royal mystery” lie: was ding across France, presumably toward ‘Cannes on ‘the Rivi ie where Wallis Warfield Simpson is in, seclusion. i ‘The plane halted at Paris, then at Lyons southward toward the Riviera.

Divorce ‘May be Made Final

* It ‘was "reported in Paris that the. Shires: occupants. A cluded Sydney Barron, & member of the legal firm of Theo dore Goddard & Co, which represented Mrs. Simpson. her divorce suit; a Yepresentative of the home office of

. The. reprogintativ of the home office, it was suggested, : might be acting for the King’s proctor, who has the power. | to intervene in: making a divorce decree nisi final.

fles the fing of Cornwall over Fork Belvedere... Legal advisers may decide that King Edward loses the title if he abdicates, on the ground that if Duke of York becomes King has a son, the son must be the Du of Cornwall. In that case, it is be lieved some solution will be fi