Indianapolis Times, Indianapolis, Marion County, 7 January 1938 — Page 7
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BL. DECISION DUE IN 11 REORGANIZATION OF STUTZ FIRM
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COME ONE! COME ALL! These exciting clothing values merit your instant attention! Here are smart, sturdy, dependable Suits, Topcoats and Overcoats . . . at a price unbelievably low! Assortments are still inviting! But, don’t delay —it’s just a question of time till an offering such as this will be history! Why not see these—TOMORROW?
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The proposed plan would allow three trustees to reorganize the company for the manufacture of Pac-Age cars under provisions of the Federal Bankruptcy Act. Homer H. Davidson, one of the trustees for the proposed organization, said cision in the U. S. District Court Clerk's office where creditors will be given 20 days for filing objections. Federal Court Judge Robert C. Baltzell is to rule on the plans. Otto J. Feucht was named to succeed Arthur B. Cronk as a trustee |: ministering assets. Other trustees are Mr. Davidson and W. B. Chase, both of Detroit. Bankruptcy proceedings were filed in April, 1837, and the first reorganization plans were begun last June. Mr. Davidson said that creditors
oy PE | \ 5 . ; a mm THE INDIANAPOLIS TIMES | PAGE 7 | Ward to Study Proposal Two | Weeks; ‘Red Tape’ Is | | N | EE @ pi ME | “ I The Clo thin Se nsation o the Yo ? / Albert Ward, master in chancery, | ® - ea ® said todav his decision on the pro . posed Stutz Motor Car Co. reorganization plan “might bg reached in . about two weeks.” the final hearing on the plan yes- » % g terday that “too much red tape” | would block investment in the new | industry. Mr. Davidson testified that about |: two-thirds of the creditors had agreed to the reorganization plan |: - and that the Reconstruction Fi- | : lh, nance Corp. had postponed any ac- |: ipa d tion against the company until PS July 1. EEA Lone objector to the plan was the 0 ¥ Advance Corp. Chicago investment SW firm, which opposed grouping of all GE creditors, except the RFC, in the 5. : same class. Mr. Ward said he will file his defor the proposed reorganized company. Mr. Cronk declined to accept the trusteeship, explaining that it might “lead to embarrassing situations” because he had served as trustee in bankruptcy and under the reorganization plan he would continue adwould receive “very little if liquida- | tion is carried out.” EX-BUTLER TEACHER Dr. Slifer to Analyze Coal Industry Problems.
Men's Hockmeyer £4
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Times [pecial WASHINGTON, Jan. 7.—Dr. Walter L. Slifer, Butler University history professor from 1924 to 1934, has | been appointed economics adviser to | Commissioner Pleas Greenlee of the National Bituminous Coal Commission, it was announced today.
Mr. Greenlee and Dr. Slifer had worked together in Democratic politics in Indiana, when the former | was patronage secretary of the Mec- | Nutt Administration and the latter | a precinct committeeman in Indianapolis. Since 1934, Dr. Slifer has been connected with the Department of | Commerce as an economics analyist | investigating national income. His transfer to the Coal Commission was |: arranged by Mr. Greenlee, who
Colorful plaids, or sought an assistant to deal with the plain blue! Full belted, economic problems in the coal in-
dustry, it was explained. RE E les! Dr. Slifer obtained his degree of ay i : Sports back 'Y = doctor of philosophy from the Uni- Buy now and SAVE! versity of Pennsylvania on a thesis dealing with the coal industry in Great Britain. On a visit to EngJand in 13927 he made a study tour - of the coal mines there, and in 1934 talked on the industry at the national convention of the United Mine Workers of America in Indianapolis.
He is a native of Hagerstown, Md. i y ren earance: boys ear
Times Special (41) All-Wool Ski Pants Horsehide L'ther Coats + ORIGINALLY $995 with wool plaid lining, lamb fur color. Mainly browns, some $ 95 _ blacks. Sizes 10 to 18.
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(6) Hooded Snow Suits
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Boys’ Hockmeyer Corduroy Suits
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