Indianapolis Times, Indianapolis, Marion County, 24 August 1939 — Page 5

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ARMY LEADER

ASSUMES RULE | | OVER BOLIVIA]

*Totalitarian® Ruler Shot]

Himself, Says Official Announcement,

LA PAZ, Bolivia, Aug. 24 (U. P). ‘=Gen. Carlos Quintanilla, Army “pommander-in-chief, was provision‘al president of Bolivia today. ~ President German Busch, 35-year-old Gran Chaco war hero who only four months ago dissolved Congress, suspended the Constitution and set ‘up a “totalitarian” dictatorship, was dead with a bullet in his brain. His death was officially announced as suicide.

Reported Nervous

Details of his death were withheld after Cabinet and military leaders installed Gen. Quintanilla in his place. At first the death was described as accidental.

been in an extremely nervous condition as a result of intensive study of a projected economic plan for the nation, and had killed himself with his own revolver. Although President Busch was idolized by the Bolivian masses, largely of Indian blood, he had antagonized powerful groups in the economic, political and social life of the “rit Ry by sweeping measures

giving control over all foreign ex-

‘| change to the state, nationalizing ' ‘banking and cancelling oil conces-

* sions. ; Funeral Is Sunday Gen. Quintanilla issued a proclamation to the people, announcing Col. Busch’s death and his own as-

. ;sumption of the Presidency, and :siconfirmed members of President “Busch’s Cabinet in their posts. Gen.

"Bernardino Bilbao Rioja was named ;army commander-in-chief to re‘place Quintanilla. . National mourning was decreed for today, Friday and Saturday, ‘when President Busch will be buried at 11 a. m. with honors corresponding to a captain-general. “ Col. Busch leaves his 32-year-old wife, two sons and a daughter. The . President died at 2:45 p. m. yestertoy more than seven hours after the : fatal shot was fired.

TENNIS “IRON MAN” | APPEARS COLUMBIA, S. C., Aug. 24 (U.P). Jack the Giant Killer had nothing on Sam Daniel, Columbia, who won ! three state tennis tournaments in one day.

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Then it was|: said that the young dictator had|i

- [“Munich Pact.”

1. U. Appointees

rd (top) of Columbia University today was appointed dean of the Indiana University Dentistry School here. Dr. Arthur M. Weimer, I. U. real estate professor, was promoted {0 the deanship of the Business School at Bloomington, Ind.

MILLETT FORESEES WAR OVER MARKETS

European crisis, it will not be a war “to save democracy,” but a war over world markets, Dr. John D. Millett,

of the New York Social Science Research Council,, told - the Kiwanis Club yesterday. Dr. Millett predicted that efther war would start within another month or there would be another He said another pact probably would avert war for only a year, He outlined the histories of England and Germany, pointing out that at the outset of the present series of disputes England was strong in raw materials and foreign markets and Germany weak; that Germany wants raw materials and foreign markets and England doesn’t want to lose hers. America’s entrance into a warp he said, would depend upon whether the people of this country favor keeping the world markets under the control of a country with whom we can deal favorably.

FOX BITES MAN, DIES SAN JOSE, Cal, Aug. 24 (U. P.) — Police Captain Charles A. Hertell was attempting to give some medicine to his pet fox when it bit his

hand. Officer Hertell underwent Pasteur treatment, but the fox died.

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TORS OF "GAS AND COKE

| DENY ‘DEFICIT

Operated Without Loss Under Utilities District's Guidance, Is Claim.

A statement striking back at recent criticism of the Citizens Gas & Coke Utility operation was issued today by directors of the utility. The statement is concerned principally with an assertion that the utility, instead of showing a net profit of $116,482.54 last year, really showed a deficit of $00.157.42 “because the City lost $206.639 in taxes Paid in 1934 under private operaon.” The statement follows: “The Board of Directors of the Citizen Gas & Coke Utility believes it is necessary to publish information concerning statements which have been given circulation and which may leave an erroneous impression, Operating Loss Denied

“The statement has been made that, because the City lost $206,639.96

in taxes in 1938 under municipal op-

eration of the gas company, as compared to the taxes paid in 1934 under private operation, the net profit of $116,482.54, as shown by the gas utility in its annual report for 1938, is actually a deficit of $90.157.42. “The Citizens Gas & Coke Utility did not operate at a loss either last year ‘or any other year since the Utilities District took over the operation of the gas company. The report filed with the Public Service Commission in 1934 contains this passage: 4 . . . assessed valuation upon which real estate and personal property taxes were paid was $8,572,570 owned and leased.’ “This clearly indicates that a part of the 1934 taxes paid was upon the property of the Indianapolis Gas Co. It is clearly set forth in the 1938 report filed with the Public Service Commission that the gas

utility has been and is still paying |

taxes upon the Indianapolis Gas Co. property under the agreement of March 2, 1936.

Net Profit Cited

“Taxes on the property of the Indianapolis Gas Co. in 1938 amount to $116,970.43. This leaves only $89,669.53 of taxes vrhich were paid by the gas company under private ownership, but which were not required

to be paid under municipal owner-

ship. “The net profit of the gas utility was $116,482.54 for 1938, reported after $135,016.50 was appropriated from earnings for bond retirement, showing an earning for 1938 of $251,499.04. Deducting the difference in taxes, between 1934 and 1938, of $89,669.53 leaves an operating gain for last year of $161,829.51. : “The gas company under private ownership in its report to the Public Service Commission for 1934 showed a net loss of $109,814.73 incurred after payment of a $50,000 preferred dividend and a $125,000 dividend on the common stock. Had the required dividend of $200,000 been paid on the common stock, the loss would have been increased to $184,814.73. For comparative purposes, therefore, 1938 shows an operating gain of $161,829.51 under municipal ownership of the gas company as against a loss of $184,814.73 under private operation in 1934. : “In determining if the operation of the gas company is more beneficial to consumers under municipal or private ownership, still another factor must be taken into consideration: The rate reductions made since the City took over the operation of the gas utility. :

Rates Reduced

“These rate reductions amount to an average of 17.75 cents per thousand cubic feet of gas sold at an average rate of 74.2 cents per thousand cubic feet in 1938 as against a rate of 91.95 cents in 1934. - “These reduced rates are saving Indianapolis gas consumers $511,894.20 annualy, based on the 1934 consumption of 2,883,911,000 cubic feet. “Gas consumption has greatly increased since 1934 and the saving to gas consumers based on the 1938 consumption of 3,579,995,000 cubic feet is $635,449.11 annually. “It can be clearly seen, therefore, that the loss in taxes to the city has been offset many times over by the savings in rate reductions.”

YACHT HARBOR PROFITS CITY

BERKELEY, Cal, Aug. 24 (U. P.). West Coast families are so far from being “down to their last yacht,” that the city of Berkeley actually makes a profit out of maintaining a yacht harbor. :

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