Indianapolis Times, Indianapolis, Marion County, 20 July 1937 — Page 6

PAGE € _

HOLDS FLETCHER

CREDITORS ARE 'DISINTERESTED’

Attorney Says Large Hold: ers Indicate No Participation in Settlement Protest.

Samuel Dowden, attorney for liquidating trustees, today told Federal Court Judge Robert Baltzell that large creditors of the defunct Fletcher American National Bank had “indicated no interest” in the proposed $325,000 compromise settlement to clear all ‘obligations of the institution. Four common Stockholders through their attorney, John Spahr, have protested the proposed settlement and have claimed the directors are solvent and able to pay in excess of $10,000,000. This stockholders petition asks the Court to refuse to accept the directors’ offer to confess judgment and pay liquidating trustees $325,000. The liquidating trustees third party in the case, have asked the Court to approve the proposed settlement, as have the directors

Two Holders Absent

Judge Baltzell today asked if two of the four protesting stockholders were in court, and when informed that they were not. said: Tt <eems me these parties should he interested enough in this case te attend the hearing.” The fudge asked Mr. Spahr if other Bank stockholders had ‘conferred with him about this case and Mr. Spahr said, “A few have ‘come Stockholders are interested to see that the creditors are paid.” Mr Spahr safd. “Thev also want to see if there was any malfeasance or misfeasance in this case. We should have the court continve this until one of the directors comes back from Europe.”

Objection Ts Sustained

the

case

Mr. Spahr termed the $325000 a |

‘Jackpot raised By directors to pay trustees and ‘ereditors.” but

eral Court Judge BRaltzell

ord of Federal Controller of Currency reports dating back to 1922 and purporting to contain recommendations on the improvement of | the bank's financial position.

H. D. Spurgeon and H. I. Clev- |

enger, accountant, were placed on | the stand by Mr. Spahr. Mr. Spurgeonn sald he fgures the bank's bad paper” amounted to $5,500.00), hut on ecross-examination added | that several of these bad loans items |

were on his books “more than once.” |

TWO YOUNG NEGROES LYNCHED IN FLORIDA

BY Tired Prirke TALLAHASSEE, Ma, July 20.-— White men who covered their heads

with paper sacks today lynched two |

young Negroes suspected of knifing a policeman. The Negroes taken from the county jail in Flori-

da's capital eity and shot to death. | the bodies in a highway, |

FIRST LADY IS HIRED | TO WRITE MOVIE ADS

(Mrs. Roosevelt's Column, Page 15) |

DATE ADVANCED FOR MARSHALL SR. TRIAL

Hugh Marshall Sr. is to be tried | in Marion County Criminal Court | Aug. 16 on a charge of being an aec- | cessory to the murder of William H. Bright, Indianapolis pharmacist. | His trial, originally scheduled to be heard today, was postponed at | the request of the Shelby County Proseoutor’s office, which plans to aid in the prosecution

CIN INTERURBAN

Cheaper than Driving

* Avoid Highway Hazards

* BE SAFE AND SAVE

ROUND TRIP

IVY FY RAILROAD RARER

was | warned by Judge Baltzell that such | language could not He used in Fed-

sustained an obh- |

fection by W. R. Thompson to Nm. | Spahr's introduction into the res- |

were |

acs

raduate students at the Bu

Students Consult

Professor

tler University summer school are

ltme the college of education faculty this week on requirements

master Of sence qerrees

Nt Mack of the education facu

TROLLEY FIRM BUYS 10 MOTOR COACHES

» of 10 new motor coaches approximately $100,000, wa: announced today by Indianapolis Railways The new equipment is to be placed in service Before City schools ‘open Charles W. Chase, comsald which the be used been When the new busses arrive, Mdianapolis Railways will be operating 323 pieces of new rolling stock purchased during the last five years, it was said

CHECK THEORIES ON KENTUCKY AVE. FIRE

Fire Chief Kennedy and Bernard Lynch, Fire Prevention Bureau head, today were reported “still working”

costin

next fall pany president Lines ‘on coaches will

determined

new motor

has not

jon their investigation of the $15000

Left to right are Mrs. Martha Guilford,

ty, and Mrs. Lucile HeiZer.

| &re which destroyed the Tom Shroyer horsebarn and damaged eight other buildings in the 1300 block Kentucky Ave. yesterday. hey said they theories that the blaze

were ‘checking had been

caused by defects in the electrical structure as well as reports of spontaneous combustion and arson.

hatewer

Get Your PERMANENT

HAVE LOVELY HAIR, Well include _& Hair Trim, NulLife Shampoo Push Up Set and Rinse all for ony... . ARRAN,

lovely

Complete only

GROUP 1 T0 STUDY SMALL HONE PLANS

FHA Chief Architect to Direct Meeting.

A conference on “The Planning of Small Homes” is to Be held at the Hotel Lincoln at 7:30 p. m. to- | morrow, sponsored by the Thdiana chapter of the American Institute of Architects, and other groups in the building industry. Howard Leland Smith, Washington, chief architect of the Federal Housing Administration, is to be in charge. Purpose of the meeting is to arouse interest of various build= ing groups in the planning and developing of small homes.

WOULD YOU PAY 50¢ TO END PAIN WORRIES?

Sufferers from Neuralgia, Headaches, Periodic Pams, Neuritis _ and Dumbass miseries. . _. Read this © { You can have one ia Sie and one convenfent pocket size of SAL-FAYNE, the double value for price of “one.” Do this im vour own interest. yi MADE

SAL-FAYNE ts a new and vastly @ifterent anti-pam treatment. here is A harmful dru

to the general public te fill th 1 n of countless thousands, Not a patent med: icine, but a scientific ‘combination ‘of anodynes and salicylates, Roh Sue avis.

at Beaute-Artes NOW YOULL, SAVE MONEY. -—- AND

NO APPOINTMENT NECESSARY

Genuine Ol Per- TRURNE GURTIES manent. Sf Perpanent, National-

1y $3 ly Advertised. $5 Complete only .

the vears by the medical profession. faction guaranteed, Your local druggist will supply You a —Adv.

Shirley, Temnle or May Murray 1.50 permanents : 801 Bring the Children

mn.

WY GE BEAUTE-ARTES vy, mon mi son Bring a friend. Roosevelt & Wash.

Bldg, Cor.

Gray, Dved, Hard to 11-0433

Wave Hair our Specialty

$30,000 WYLLED ACTRESS

BY United Press

NULL SENSE

y, LL ;

| R

WINDSOR has the mildness that so many people want, plus the rich strarght-whigkey flavor that men

enjoy, either in mixed or straight drinks, Try it!

ingsor

STRAIGHT BOURBON WHISKEY

Narronar Distiviens Probucs Corporation, Nikw York, N. Y,

Beulah Bondi, Hollywood actress, | wealthy merchant will receive $30,000 from the estate | recently, his will revealed today. He VALPARAISO, md, July 20—|of her uncle, Tous D. Bondy, | also bequeathed $60,000 to his sige

a 111)

WHISKEY

$77, 7L od

90 PROOF

TUESDAY, JULY

who died here | ter, Mrs. Rose Hirschman of Milwas=

MON

kee, and $30,000 to a nephew, Raymond Bondy of Chicago.

IANA,

0. 1987

ASK FOR WINDSOR BY NAME AT PACKAGE STORES, DRUG STORES AND YOUR FAVORITE BAR

— predicts NORMAN BEL GEDDES

*Vehicles will be routed through the cities of 1960 on thoroughfares specifically designed to carry traffic moving at several established speeds,” says Mr. Geddes, authority on future trends.

"A network of 50-mile-an-hour Express Highways in the city will handle all traffic going ten blocks or more, creating a continuous flow of cars, uninterrupted by stop lights, intersections or pedestrians.

"On Local Streets, elevated sidewalks will carry pedesirian traffic above streets... main building entrances and shop windows will be on second story level. Trucks will be loaded and cars parked in open areas beneath buildings, Thus the entire width of street— from building-line to buildings line=—will be clear for motor traffic...”

ge but TODAY, 9 4 miles in bare Stop and Go

OU can drive up to ten miles on the amount of gasoline wasted by your 30 daily stops! 30 stops a day is the nation-wide average. The costliest kind of driving you do, both in time and money, is stop and go.

While leading traffic authorities are planning “the City

of Tomorrow,”

Shell engineers have developed a fuel,

Super-Shell, made especially to meet today’s driving prob-

lem today.

They have found a way to rearrange the entire chemical structure of gasoline... actually they have balanced it.

Automotive engineers have a term for Super-Shell. They call it “motor-digestible,” so quickly and completely is its energy changed into power... at all motor speeds. You'll cut the cost of your stop and go by the regular use of Super-Shell, There’s a Shell dealer near you.

“ i Su

-SHELL