Indianapolis Times, Indianapolis, Marion County, 11 March 1938 — Page 6

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DELAYED WHILE QUIZ CONTINUES

Federal and State Officers

Push Probe Into Fall of . ~~ Broker’s Firm.

(Editorial, Page 18)

“i NEV" YORK, March 11 (U. P).— . Richard Whitney’s pleading to

5 E> 3

charge: of stealing more than $100,000 fn securities from a trust fund

ies eontinued their investigation of ‘his brokerage firm's collapse. Pederal - and State De horities essed inquiries into the failure of @. brokerage firm of which he was’

=. th :_ senior partner, Richard Whitney & { “Co. District ‘Attorney Thomas E.

xy -~

FDoweY said other indictments might

The tall, ruddy-faced broker, one

. of the most popular members of the

2 x ther of

HR fl Her,

= ¥

“400,” ig accused of having used the as collateral “for - three " Joans~— one of $100,000 in 1932; ‘an$100,000 in 1937 and a final -.one of $400,000 last Jan. 28, for -* which: other securities also were . pledgec. ~The firust fund was established by his father-in-law, the late 7 George R. Sheldon, for Mrs. Whit= ney and her sister, Mrs. Mary Mur- + phy, widow of Judge Daniel PF. ¢ “Murphy. - Harvard Yniversliy apd : St. Paul’s school at Concord, N. H., _also.-were-beneficiaries. _ Whitney surrendered late yesterday, and appeared hefore Judge William - Allen in General Sessions Court who fixed bail at $10,000. The broker, 2 somber figure.in a dark blue suit, fingerprinted and photographed.’ tf. :

3 STUDENTS TOAD MARRIAGE RESEARCH

1, U. Trio to Assist Locke in Survey of Laws.

Times Speotal BLOOMINGTON, ‘March 11— Governor Townsend has named = three Indiana University students to assist Prof. H. J. Locke of the school sociology department with Fesearch work on Indiana marriage WS. Lois Greenwood, Harlan; Hancy "Waggoner, Rushville, and Jean Kriegbaum, Richmond, with seven student research workers, will help Prof. Locke assemble and interpret marriage law data from other states and foreign countries. Dr. Locke's survery will include study of premarital testing and its effect upon prevalence and other aspects of venereal diseases.

‘NO GUNS OR DOGS IN CLERMONT FOX HUNT

A fox: hunt, without guns or dogs, také place: in Clermont tomor-

: row morning. A human square:of

- 400 persons is to be formed, the ob- [gro

* ject beinz to pin the several foxes

PRE WT

within a circle as the “hunters” close in. Clermont Men’s Community Club is sponsoring the event.

S WED Nu.

| ‘William P.

ARE CPTEON.

STALLION SHOW

owners From 10 Counties to Participate in Exhibit Next Thursday.

More than 70 entries are expected to be named for the Central Indiana

Spring Stallion show next Thursday

at the Coliseum at the State Fair Grounds, Horace Abbott, County Agent, said today. They are to be entered: from 10 counties—Marion, Boone, Clinton, . Tipton, Howard, Hancock, Shelby Johnson and Hendricks. Two main trophies are to be awarded. The Mr. and Mrs. Charles Lynn tro-~

§ ‘| phy is to go to the grand champion

champion Belgian.

{9:30 8. m., with J. S..Hudson of the | Michigan Agriculture :College facul-.

{Percheron and the H. C. Horneman

trophy is to be awarded the grand

Showing is expected to start about

ty as the judge. The following classes are to be included for both Percherons and Belgians: Veteran,

| aged (4 to 10 years), 3-year-olds, 2-

7 josgrove

Few Begin With ‘Thought of

Stealing, Examiner Declares

By TOM OCHILTREE

Public officials who become invol

ved in embezzlement charges almost

invariably begin their terms of office with honest intentions and sucpromt mtr sess mp Se

‘cumb to temptation later. This opinion was expressed by William P. Cosgrove, State Accounts Board chief examiner, who today began his 16th year of service in policing records of officeholders.

“The average county political organization usually tries to get some honest, well-liked man : to run for office,” he said. “It is true that genefally more thought is given to the prospective candidate’s vote-getting powers than to his qualifications for the post. “It has been my experience that almost invariably the new officeholder during the first year ar two of his term tries to run his affairs according to law. “Often the trouble doesn’t start with the dishonest ones until they are in their second term. The cynical attitude of fellow officeholders then begins to have its effect. “They hear of others who are cheating a little and try to get away with it. Lots of fellows get in trouble through their friends, who impose upon them by. giving them worthless checks and asking for loans from government funds.” Mr. Cosgrove said that unlike-the. “man-in-the-street,” he had the greatest confidence in the:average officeholder. He also declared he thought the honesty of Indiana officials as a up was as high if not higher than that of officials in other states. Since he was employed as a State Accounts Board field examiner on March 10, 1923, Mr. Cosgrove said

Thode Brand Now PATENT LEATHERS

he has observed an improvement in the ethics of Indiana officialdom. Much of this, he said, is due to the representative influence of the State Board, which was established by a 1909 act and began its activities the next year.

The department now has 80 field | said

examiners divided equally between the two major political parties, and according to Mr. Cosgrove “we have the cumulative experience of 1000 years in governmental matters behind us.” Average ‘length of service of each employee is 12 years, and many served in public office before securing their present positions. All the field examiners are accountants. The department itself is responsible directly to the Governor, and is empowered to conduct investigations of the Governor's office. To secure an appointment, an applicant for an examiner's job must pass an examination. “The examiners know public office from the cellar to the garret,” Mr. Cosgrove said. “It is impossible for a cheating public official to beat them, Often they can spot shortages #fter only a half-day’s work.” . Examiners operate in teams of one Republican and one Democrat.

4 More: than 65,000 examinations have

been. made since the department’s organization and the average of reporis filed annually is between 2500 and 3000. Before the Board’s organization, Mr. Cosgrove said there was no uniform accounting system in State

Add 15¢ on mail orders

and PARIS TANS

year-olds, 1-year-olds, and for Percherons, get of sire. No admission is to be charged. Mr, Abbott said the show was being financed by subscriptions from breeders and stallion owners. Officials of the Central Indiana Stallion Association are Everett C. Parker, Noblesville, - president; James L. Scott, Greentown, vice president; Mr. Abbott, secretary, and Paul Hungerford, Shelbyville, treasurer. Visitors are expected from many midwestern states and possibly from Canada, Mr, Abbott said. Quite a few of the entries are sold after the show, he added.

and local offices. Offen township trustees kept their records in scrap books if they bothered to make any notations at all. At present there is a gniform system for all offices. cently there has been some talk of combining all branches of State government dealing with account examinations into one large section and this would mean lumping the banking and insurance examiners in with us,” Mr. Cosgrove

“We don’t want that. We must remain independent of all other departments so we can continue to have a free hand in investigating these departments whether iid are State or local.”

unconstituional because ti: ; of Congress to regulate iid

commerce does not include control ‘over milk or other farm products.

Suit SET TOMORROW

HAMMOND, March 11 (U, Py U. 8. District Judge Thomas W. Slick, and Judges Will Sparks and Walter Treanor of the Federal| phim Court of Appeals will sit en banc. here tomorrow to hear testimony in the suit of the La Porte County Milk Marketing Association testing the constitutionality of the 1837

The plaintiff is Stephen Bermak | of New Buffalo, Mich. who seeks

an injunction against Secretary of Agriculture - Wallace restraining him from enforcing fhe ach.

LANDON BREAKS GLASSES CLEARWATER, Fla, March 11

waited impatiently for a new pair Agricultural sfarxeung Agreement|, classes. He broke his old ones Act. yesterday The complaint alleges the act hv the Yat of Donald Robeling.

WORKS IN 2 WAYS ON DISCOMFORT OF

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Here is what to do: Take two BAYER tablets when you feel a cold coming on — with a full glass of water. Then repeat if necessary, according to directions in each

package. Relief comes very quickly. ''The Bayer method of relieving colds is the way many doctors approve. You take Bayer Aspirin for relief — then if you are not improyed promptly, you call the

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