Indianapolis Times, Indianapolis, Marion County, 22 April 1937 — Page 9

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THURSDAY, APRIL 22,

DEAL FOR SALE

~ OF MIDAMERICA

DROPPED, CLAIM

Negotiations of G. M. Group

May Draw Senate Investigation.

By United Press NEW YORK, April 22.—Negotiations for the transfer of control of Mid-America Corp. to interests headed by Donaldson Brown, chairman of the finance committee of General Motors Corp., have been dropped, the New York Herald Tribune said today. Dropping of the negotiations reflected the belief the transaction probably would be investigated by the Senate’s Interstate Commerce Committee and that the Interstate Commerce Commission probably would inject itself into the situation. : Mr. Brown and his associates, including individuals affiliated with General Motors Corp., reportedly had almost closed the deal. The purchase price agreed upon was believed to be well below $8,000,000 and was supposed to have been sanctioned by George Ball. As far as can be learned, there are not buyers in the market at the present time for the stock which recently was transferred by Mr. Ball to the newly created George and Frances Ball Foundation. Mr. Ball created the foundation a few weeks ago when he transferred to it his holdings of about 14,050 shares, or nearly 94 per cent of the outstanding stock of Midamerica. These shares carry control of the Alleghany Corp., which is the top company in the Van Sweringen rail empire which at one time had a valuation of $3,000,000,000.

3 SHAREHOLDERS IN MARION BANK SUED

By United Press MARION, April 22.—Judgments totaling $24,758 were on file here today against three shareholders in the defunct First National Bank of Marion. : ‘The suits were filed yesterday by George W. Rausch, receiver, who seeks to collect a 100 per cent assessment on the bank stock. The largest judgment, for $11,394 -—was entered against Alfred J. Ballard. Judgments for $11,345 and $2010 were entered against George Cole, former vice president of the bank, and Homer K. York.

GIVES BIRTH TO SON AS DAUGHTER DIES

By United Press NEW MARTINSVILLE, W. Va. April 22.—Mrs. Lester Shindler of Hannibal, O., watched anxiously at the death-bed of her 2-year-old daughter in the Wetzel County Hos-

pital, then entered an adjoining room where she gave birth to a son. The baby boy was born yesterday a few minutes after the little girl died of burns, which were sustained when she fell into a tub of scalding water. ° :

FIREMEN’S PENSION TRUSTEE IS CHOSEN

Stewart Spangler today became

trustee of the. Firemen's Pension

Fund. He was elected at a meeting in Mayor Kern's office yesterday. Mr. Spangler, a chaufieur. is stationed ‘at Engine House 5. He replaces Capt. William Cochran of Engine House 2. Other members are Capt. Phillip Moss, Lieut. Oscar Stevenson and Capt. Fred Dilger.

GROUP OFFERS TO BUY

5 MUNCIE BUS LINES

By United Press MUNCIE, Ind. April 22.—-Mayor Rollin H. Bunch announced today that a group of local business men have offered to buy and consolidate five bus companies now serving the city in an attempt to settle labor difficulties. Names of the prospective buyers were not revealed, but the Mayor said they had given assurance that 5-cent fares would be continued.

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19x12

rid 1937

Vocalist

Miss Catherine Munsch 1s to sing in “Little Miss Tatters,” to be presented by the St. John’s Young People’s Club at Sacred Heart Church ‘Sunday.

SCHOOL PAPER ADDS TO STAFF

Shortridge Daily Echo Takes On Twelve Reporters After Tryouts.

Twelve pupils have been added to the Shortridge Daily Echo staff to serve on the Monday edition of the paper, it was announced today. They are: Sol Blickman, Miss Margery Clark, Miss Emma Gasset, Joe Goldsmith, Miss Judith Krohngold, Russell Lipes, Miss Paula McClurg, Miss Elinor Randall, Miss Jeanne Sacks, Miss Lois Shapiro,

Miss Ruby Shelton and Miss Juanita Wagner. The new members were selected following a series of tryouts conducted by Miss Charlotte Jeanes, tryout editor. \ The first edition of “The Printer's Pi” school paper written and printed by pupils of the printing department, has heen released. Harold Irby ‘is faculty sponsor of the publication. A. N. (Bo) McMillin, Indiana University football coach, is to address the Shortridge student body at a -convocation Wednesday, May 12. He is to be presented under the auspices of the Shortridge Chapter of the National Honor Society. Miss Dorothy Gordon, American School of the Air music supervisor, is to present a musical program in the Shortridge auditorium Friday morning, it was announced today.

CCC PLANTS 6500 YOUNG TREES DAILY

Times Special LAFAYETTE, April 22. -—— Tree seedlings are being planted by the Tecumseh CCC Camp at the rate of 6500 per day in an area including Tippecanoe, White, Carroll, Clinton, Warren and Benton Counties. The planting will total 367,000 seedlings. They are furnished by Government nurseries in Illinois, Ohio, Tennessee and Pennsylvania. Several thousand tree seeds gathered, treated and stored last season at the local camp are to be planted. They are being planted in. the Government's attempt to €heck soil erosion. :

LINOLEUM SPECIALS

$3.95

and up

Rugs With Border

Rug Border .........Yd,, 29¢

Rugs 6x9 5 1 95

89c :

FREE DELIVERY ANYWHERE

Inlaid

Linoleum

LARGEST SELEf TION OF PATTERNS IN IE CITY

RELIABLE RJG CO.

203 E. WASHINGTON

Opposite Courthouse

PAGE 9.

OWNSTAIRS

Hundreds of Bright NEW

>. Spring DRESSES

Featured in the biggest sale of the season. Buy several for yourself . .. or bring a friend to this event.

$ for

Each Dress—3.98

Our buyer went to New York and spent DAYS buying for this selling. Here are absolutely the newest . . . the smartest styles in the market!

Bolero dresses . . . Jacket styles . . . Redin-. gotes . . . Prints a-plenty . . . Pastel Crepes . » « Sheers in Dots, Checks and Stripes . . . Chiffons in Prints and Plains. The sort of dresses you'll put on and wear NOW and well into the summer. Here's a time when ACTION counts . . . plan to be at Rink’s tomorrow, promptly at 9:30 A. M!

Rink’s Downstairs

Friday Brings Another Record-Breaking SALE

of SULTS ...and... COATS

(R-trimmed ¥ UR-trim oh

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Sav

FIRST 10

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; immed gdf trimInE armen

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Regularly 8.98 to 13.98

But YOU pay the small sum of —

Ca Bi f f $A ®5 ) ; :

Sizes 14 to 20 Sizes 38 to 44

$

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Frankly, we're keyed for a volume response . + « Why not? These coats and suits reach a thrilling pitch in variety and obviously rare value, midst a practically just-starting season!

Suits: Dressmaker ... Tailored Swagger . . . Topper Types . . Soft Woolens «+ o Hard Twills , . , Men’s Wear Fabrics ...

Navy Blue.. .Gray... Every Correct Shade.

Coats:

Strollers . . . Reefers , . . Swaggers vo. 0 diggers. , , . Princess Styles... Fleeces... Mashas + +» » Suede Cloths eos Tweeds . . . New Monotones.

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Small budgets go a long way in Rink’s Downstairs.

A Celtic FEDERAL HOME LOAN Offers

Greater Convenience— Greater Savings

1. Principal AND INTEREST REDUCED MONTHLY.

2. Monthly Payments INCLUDE Interest and Principal

3. Monthly Payments INCLUDE Taxes and Insurance

4. NO Commissions. 6% Interest.

Payments of $10.00 per month for each $1,000 Borrowed, Js SOER oP annual tax and insurance, RTGAGE IN 11 YEARS AND 7 Ta ™ FULL

It Will Pay You to Investigate Our blr

OUR INSURED SAVINGS ACCOUNTS ARE NOW EARNING 3% DIVIDENDS

SAVINGS &€ LOAN ASSOCIATION

23 W. Ohio St.

of Indianapolis

Y2 Block West of Meridian .

FUR COAT Now!

Fur prices are going sky high . . . by next fall you won't be able to touch fur coats of THIS quality at anywhere near this LOW PRICE. Buy YOUR fur coat NOW at Rink’s... a store that is noted for their FINE furs!

Reasonable deposit will ~ hold any coat for delivery NEXT FALL. We will store your coat WITHOUT CHARGE.

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Choose from Block Lapins . . . Fitch trimmed Sealines* . . . Iceland Beaverettes . . . Buck Sealines* (*dyed Coney). Sizes 14 to 44.

Rink’s Downstairs.