Indianapolis Times, Indianapolis, Marion County, 9 March 1938 — Page 5

HANNA STUDIES

~ ANSWER TO PLEA ON LIGHT RATES

Hearing Postponed to March 21 Despite Objection * Of Utility.

Public Counselor Ralph Hanna today began preparation of rebuttal

- evidence in the five-year-old Indian-

apolis Power & Light Co. rate case after the Indiana Public Service Commission postponed further hearings until March 21. Company officials, who presented {estimony purporting to show revenue reductions and increased operating costs, objected to the additional delay. Mr, a declared the utility auditors /just recently had “closed the company’s books for 1937,” and added that he must have time to present exhibits of his own.

Figures Challenged

Hearings were reopened yesterday on petition of the company. Testimony dealt chiefly with the company’s monthly reports on gross electric revenue since the previous series of hearings closed in July. In answer to the utility’s claims ci cost increases and revenue losses, Mr. Hanna said he expected to show that the utility’s revenue from all sources increased approximately $670,000 in 1937 over the previous year. He said his figures would include revenue from heat and sale of electrical appliances as well as the sale of electric energy. Burton Stout, company auditor, testified only on Slebiiery sales. ccording to Mr. Hanna, the ae total 1937 revenue was approximately $11,359,400, compared to the 1936 total of approximately $10,689,000. Coal Estimate Hit

The company’s claim yesterday that it would pay $190,877 more for cozl in 1938 than in 1937 was attacked by Commission Chairman Perry McCart, who said the Bitu-

" minous Coal Commission’s. ruling

suspending minimum prices made any coal price estimate unreliable. The company’s claim yesterday that it would pay $190,877 more for coz! in 1938 than in 1937 was attacked by Commission Chairman Perry McCart, who said the Bituminous Coal Commission’s ruligdg suspending minimum prices made any coal price estimate unreliable. Other cost increases estimated by the company were salaries and wages, $65,348; freight rates, $47,770; social security, $18,000, and loca! taxes, $114,000. °° James E. Deery appeared as special counsel for the Civil City and Jesse C. Moore represented power users. Company attorneys were Howell Ellis and Clyde Jones.

'WHITNEY'S FUND

SHIFT REVEALED

Brokerage Head Withdrew $400,000 of Clients’ Money, Says Cashier.

NEW YORK, March 9 (U. P.).~Richard Whitney, former New York Stock Exchange president, in a statement through his attorney today, accepted full responsibility for the bankruptcy of his brokerage house, admitted that he knew certain of his actions were “wrong,” and said he was prepared to meet the consequences.

NEW YORK, ch 9 (U. P)— Richard Whitney, former president of the New York Stock Exchange, withdrew $400,000 in securities from accounts of customers of Richard Whitney & Co. and did not tell the cashier the purpose of the withdrawzl, it was testified today in the state attorney generals investigation of the bankrupt brokerage firm. Robert J. Rosenthal, cashier of the firm, told Assistant Attorney General Ambrose V. McCall at a public hearing that he delivered the securiiifes to Mr. Whitney at the

. latter's request as senior partner of

the widely-known house which was suspended from the Fxchange yesterday. “What did Mr. Whitney do with the securities?” Mr. McCall asked. “He might have pledged them,” the cashier Feplied. “I'm not certain of that.” ' “Do you know where they | are now?’ wa I once delivered them to Mr. Whitney as a partner I didn’t know where they were. After he asked _me for them, I gave them to him. I didn’t get no protection.”

Whitney to Testify

Mr. Whitney, nationally known as the man credited with steering the Exchange through the critical depression years, will appear voluntarily tomorrow to give his own story of the spectacular insolvency of his firm. Among those attending the hearing was John Davidson of the Securities Exchange Commisison, whieh is conducting its own inquiry. Just before it opened, Joseph Lorenz, an attorney, was appointed

receiver for the Whitney firm in|

Federal Court and was ordered to post $30,000 bond. Henry D. Mygatt, one of Mr. Whitney’s partners, was the first tness. to bring in a copy of the parnership agreement, but estimated that Mr. Whitney’s interest in the firm was 49% per cent, with Edwin MorJr. and FP. K. Rodewald having

“211% per cent each. The witness

said his own share was 3 per cent, as was that of Daniel G. Condon, while John J. McManus held 1% per cent.

— Bankruptcy Petitions The Whitney firm and its coPare filed Solleetive and ind} vidual petitions_in bankruptcy in Federal Court and Judge

| international trade.”

He said he had forgotten |

miseral .| ents widely

A land of Amazons where the “womeén dictate what the men’s politics shall be” was described to Lions Club members at their luncheon in Hotel Washington today. Ernest Cohn, Pittman-+Moore Co. advertising manager, spoke on “Unusual Social Customs.” Telling of the strange Island of Pelew, he said there women are treated as gods. In Arabia, too, he said, “if the oldest member of the household is a woman she decides all questions of

policy.”

Testimony of a 14-year-old boy today resulted in Leon Downs, 40, of 420 N. Alabama St. taxi driver, being fined $25 and costs and sentenced to 45 days by Judge Charles Karabell in Municipal Court. It also resulted in the boy’s detention for Juvenile Court as a delinquent. Downs was charged with receiving stolen goods from the boy. The: boy said he broke info a car owned by R. H. Baker, St. Joseph, Mo., in a downtown garage and stole a $35 camera and a flashlight. He said he sold the camera to Downs for $1. Downs said he previously bought cigarets the boy had stolen from a downtown store for 50 cents a carton.

Television and facsimile reproduction were discussed by R. E. Bausman, WIRE business manager, at an Apartment Owners’ Association meeting today at Hotel Washington. Mr. Bausman predicted that “ultimate television perfection is not far off.”

E. J. Unruh, Midwest Council on International Relations director, as sent a letter to President Roose~ velt suggesting ways of achieving “currency stabilization on an international scale” and “accelerating His plan calls for the Federal Government to place a five-billion-dollar gold deposit with the International Settlements Bank.

A county tomato program is to be outlined Friday noon at a meeting of growers’ representatives, canners’ delegates and Purdue University specialists at Hotel Washington, Horace Abbott, County Agent, announced today.

United Automobile Workers of America, Local 226, have re-elected Leroy Roberts president. Others elected were Clarence Lyons, vice president; Wayne Pullen, recording secretary;. John Jones, treasurer, and Earl Ross, financial secretary.

Immanuel Evangelical and Reformed Church will hold a midweek Lenten service at 7:45 o'clock tonight. The Rev. Willlam Nelson, pastor, will speak on “The Constraining Love of God.” A penny supper will be held at 5 p. m.

Federal Civil Service examinations have been announced by C. P. Bernhart, 421 Federal Building. Examinations are: Junior typist, $1260

@G. Caffey allowed them 10 days in which- to file a schedule of assets and liabilities and a list of cred-

itors, : Brokers were dumfounded by ‘the

J. P. Morgan & Co., of which his brother, George, is a partner, Mr. Whitney served as president of the Exchange from May, 1930, to May, 1935. It was often said during his presidency that he “was” the Exchange. He was called the “strong man” when he made commitments, in behalf of his clients, of between $20,000,000 and $30,000,000 in an effort to rescue the market on “Black Thursday,” Oct. 24, 1929. A few hours after the suspension was announced by Exchange President Charles R. Gay, the Corn Exchange Bank Trust Co. ane nounced its acceptance of Mr. Whitney’s resignation as a director.

IS THIS WOMAN YOU?

These Jymptoms at 40 to 50 years are often due the “change.” such rate dizzy spe! “nerves,” irritability, try as di Zo-ak (Orange Box) is the formula of a Prominent ¥Y. physician crea espec to help’ Selieve these le SE nrtoms and contains ingrediused by the et rofession. Zo-8K (Orange Box) sold b; ook’s, Haag’s, Keene's and all 800d u Ask for econdmy size. save $1.

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for the “Change”

Moie Cook of Logansport (center). received his second four-year appointment to the Public Service Commission as the Indianapolis Power & Light Co.

‘CIRCLING THE CITY

failure. Long active as a broker for | gtate

chairman.

8 year; senior typist, $1440 a year; junior stenographer, -$1440 a year, and senior stenographer, $1620 a year. The positions are for men.

L. E. York, Indiana Anti-Saloon League head, is to speak.on “Shall We Falter and Lose, or Fight and Win?” at the Y. M. C. A. auditorium Friday morning at the 64th anniversary institute of the Central W.C.T.U.

Two candidates for Juvenile Court judge, William Remy and Judge Wilfred Bradshaw, are to be dinner guests of the All Souls Unitarian Church Laymen’s League Friday night.

Outside Center Township Women’s Democratic Club 2 is to meet at 7:30 p. m. Tuesday at the home of Mrs. Mary Spitznagle, 2749 Madison Ave.

Dr. James Whitcomb Brougher; “streamlined evangelist” of Los Angeles, will speak at the First Baptist Church tonight on “When We Pray—How?” Last night, on the topic of love and elopement, he said, “The surest safeguard of a woman’s honor is her instinctive loathing of an impure man.”

Marion County Society for the Physically Handicapped will meet in the James E. Roberts School Friday at 7:45 p. m.,

Emergency crop and feed loan applications were being received today at the Farm Credit Administration office here. These loans, up to $400, are for farmers who cannot secure other credit and must be used for purchasing 1938 crop needs or livestock feed. First liens are demanded as security,

American Legion Service Post 128 will sponsor a benefit card party at Oaklandon Legion Hall Friday night.

Toastmasters Club, Chapter 1, will meet at 6 p. m. tomorrow at the Y. M. C. A. E. O. Snethen will discuss “News of the Day” follewing the dinner. 5

- Indianapolis Dental Society will hold its monthly dinner-business meeting Monday evening at 6:30 at Hotel Lincoln. Dr. H. D. Grubb of Cleveland, principal speaker, will discuss “Occlusal Reconstruction.”

A class in lip reading is to be held for the first time at the Indianapolis League for the Hard of Hearing, 318-319 Board of Trade Building at 2 p. m. Friday. Mrs. George B. Katzenberger will be the instructor.

West Park Christian Church will be host to missionary societies of four othex churches tomorrow. They are the Jamestown Methodist and Christian churches, the West Washington Street Methodist and Second Christian Churches of Indianapolis. Mrs. H. L. Herod of Second Christian Church is to speak and the West Park Church is to present a playlet.

Transcription 'of books into Braille for free distribution to charitable institutions is to be carried out here through a $5190 WPA project announced today by John K. Jennings, Indiana administrator. Seventeen other projects totaling more than $550,000 were approved in the

The General Protestant Orphan Home Ladies’ Auxiliary is to hold a card party at the home, 1404 S. State St., tomorrow at 8 p. m.

Harvard University librarian, Keyes D. Metcalf, was in Indianapolis today inspecting Central Library before leaving for a tour of Indiana

Times Photo.

rate case was reopened. Other members are Fred F. Bays of Sullivan (left) and Perry McCart of Paoli,

college libraries. He told Luther L. Dickerson, Indianapolis librarian, that Harvard University students “don’t read any more than they have to,” even though Harvard's library is oldest in the country.

i Clarence Manion, National Emergency Council Indiana director, is to speak at an annual Irish Fellowship Banquet at Chicago on St. Patrick’s Day. His topic is to be “The Day We Celebrate.”

Three hundred persons are to attend the Central Indiana Group meeting of B’'nal Brith at Hotel Lincoln Sunday afternoon. Allen Bloom of Kirshbaum Center and Lewis Sutton of Terre Haul are to speak.

The NYA chef school will hold its first session in the’ Flanner House Community Center tonight from 6 to 10°0o’clock. . Under the direction of Mrs. Ora Norris, WPA adult education teaching staff member, the class will study the preparation of all foods.

Institute of Radio Engineers, Indianapolis section, will hold a din-ner-meeting Friday at 6:30 p. m. at Indianapolis Athletic Club. Election of officers is to follow a discussion of “Directional Broadcast Antennas” by Victor J. Andrew.

Governor Townsend and Rep. Jenckes (D. Ind.) are to speak at the annual-Sixth District Democratic banquet at Turkey Run State Park March 17.

William Burgess, 38, of 1912 S. Belmont Ave. who authorities said was nearly blind, was returned to Covington, - Ky., today to face a Federal indictment charging bank robbery participation. He was arrested here about two weeks ago and had been held in the County Jail. Federal authorities said he is charged with furnishing the car and accompanying three bandits who robbed a Milton, Ky., bank of about $700.

The Indiana Automobile License Bureau up to March 1 issued 480,057 new license plates, of which 408,579 were for passenger cars, according to Mark Rodenbeck, deputy license commissioner. He said that 683,999 plates for 1937 had been issued up until March 1 last year and that the total number of 1937 plates issued was 1,030,000. The number of operators licenses issued last year was 749,570 while the total issued up until March 1 in all classifications, including beginnery permits, was 949,737.

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NATIONAL DRI

Increased Turnover Leas to Stepup in Production -0f New Machines.

(Editorial, ial, Page 10)

ducing results here.

said, “By removing the surplus in the used car market we are paving the way for a revival of auto trade generally.” C. H. Wallerich, former president of the association, reported more autos sold at his two used car lots the first two days of the campaign than during the previous two weeks. Rex A. Hayes, Ford branch manager for the Indianapolis area, said his dealers had sold 279 cars with a total valuation of $58,519, in two The campaign continues through Saturday.

Used Car Turnover

Spurs Production DETROIT; March 9 (U.P) Production and sales of automobiles took a sharp turn upward today for the first time in months as the industry pulled itself up “by the bootstraps” with a national used car sales campaign. An immediate effect of bullish sales reports was an industry-wide

‘increase in new car production.

Chrysler Corp. stepped up operations in all divisions, establishing a four-day working schedule in most of its factories after an extended slump in which its workers were limited generally to from twp to three days.

day week in Buick and Pontiac factories to meet the upturn. in orders. Ford increased production slightly, but was expected to boost operations still further as soon as a complete report on the used car campaign was available.

STATE GROUP ENDS U. S. RELIEF SURVEY

An Indiana committee has completed its inventory of the Federal

conjunction with a similar appraisal made throughout the country. Reports on the survey, which covered accomplishments of the four emergency relief agencies—WPA, PWA, FERA and CWA—during the last four years, will be summarized by the committee Monday and forwarded to Washington. The State Planning Board has served as State co-ordinator for the appraisal.

MERGER COSTS 400 JOBS

MUNCIE, March 9 (U. P.).—The Warner automotive parts division of Auburn Automobile Co. has purchased the service department of the Warner Gear Co., John M. Simpson, general manager and vice president of the latter firm, said today. About 400 employees will be thrown out of work temporarily by the ‘transaction.

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SPURS USED CAR “SALES IN CITY

The Indianapolis A ‘Auto Trade As- | sociation today reported the Nation al Used Car Exchange Week is pro- |. : | bond each. Mrs. Kite’s husband, Roy B. Hickman, vice president, |

the extortion charge.

Jailed ‘Carrie Nation of Slot ‘Machines’ Held in _ Extortion.

DWARDSVILLE, Ill, March 9 (U. P.).—Mrs, Irene Kite, 32,

“Carrie Nation of the slot ma-

| chines,” was held in jail with her | husband and two other men today

charged with extorting $600 from William McNeil, 64, Alton, Ill, postal clerk. Police said the accusation was “false.” AH were held in default of $3000

Daniel, a tavern owner; Earl Plumb and William Williams, described as “itinerants,” also were charged with a statutory offense in a complaint made by McNeil. Mrs. Kite, who recently received the support of the Alton Ministerial Association for smashing several slot machines with an ax, was accused of aiding in collecting the money from Mr. McNeil by telling him williams was a Federal agent. Mr. McNeil told State’s Attorney Lester Geers he was “framed” in an Alton hotel. Mr. Geers said Plumb admitted Mrs. Kite and her husband denied that they knew anything about the case.

'MOTORMAN CRUSHED BETWEEN 2 TROLLEYS

COMMISSION MOVES

FOR COAL MINIMUM

Hosford Meets With Union, Industry Leaders.

WASHINGTON, March 8 (U. P.). —The National Bituminous Coal Commission met today to formulate procedure for re-establishing mini-

mum prices on soft coal, & task that may require more than four months. Chairman Charles F. Hosford. Jr. estimates the soft coal industry. is losing between $15,000,000 and $18,000,000 monthly as a result of revocation of minima established by the Commission last December. The price structure collapsed after courts

its validity and issued

questioned - | several crippling injunctions.

"Mr. Hosford met yesterday with leaders of the industry and union in the office of Senator Guffey (D, Pa.), author of the coal act. ‘

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