Indianapolis Times, Indianapolis, Marion County, 5 January 1940 — Page 12

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ask that Mr. Ball furnish complete

. Muncie multimillionaire, to answer.

: Robert C. Baltzell would rule on

. 204-page interrogatory filed herein

“the former Van Sweringen railroad

PAGE 12

B68 QUESTIONS

~ ON FILE IN SUIT|

AGAINST BALL|

204-Page Wierronaiony Is Introduced in 5-Million-Dollar Case.

There are 868 questions on file in Federal Court for George A. Ball,

But he may not answer them. His attorneys can object to any or all of them. Then Federal Judge

their objections. The questions are contained in a

the five-million-dollar damage suit against the Muncie financier as an outgrowth of his sale of stock in the parent holding company of

and real estate empire. Kirby, Young Plaintiffs The suit, which also names as defendants the George and Frances Ball Foundation, lists as plaintiffs Robert R. Young and Allan P. Kirby, New York financial leaders, who with Frank L. Kolbe, New York, purchased Mr. Ball's stock in the parent holding company in April; 1927. The suit ‘was filed on Nov. 26, 1938. A third plaintiff is the Seaboard Company, Ltd., a financial concern with headquarters at Nassau, The Bahamas. The Seaboard Company has purchased Mr. Kolbe's shares. The complaint, the largest of its kind since the Securities Exchange Act was passed in 1934, charges that Mr. Ball violated the act by artificially raising the price before he disposed of his holding company stock which controlled the 21 railroads and real estate that comprised the Van Sweringen holdings. Stock Sales Queried The first 727 of the interrogatories

details of all transactions on the New York Stock Exchange in which he and various members of his family and business associates bought or sold any stocks, bonds and securities of the Allegheny Corp., top Van Sweringen holding company, of the kinds included in the sale to the plaintiffs on May 5, 1937. Questions number 728 to 868 refer to the second paragraph of the complaint which seeks damages from the defendants for alleged fraudulent representations and breach of contract. The paragraph charges) that at the time of the sale of the securities it was promised that the sale would carry with it the corporate control of the Allegheny Corp. and the various subsidiary, 3fmliaied and associated corporaons

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Floyd County Group to Meet — The Floyd County Society will hold its winter meeting at the Lake Shore Country Club Jan. 17. A chicken dinner will be served at 7 p. m. and an entertainment program will follow. Miss Eva Neafus is secretarytreasurer of the society.

Talks on Juvenile Aid—Optimist Club members today heard Milt Campbell describe “The Advantages of Co-ordinated Endeavor of Community Organizations to Prevent Juvenile Delinquency,” at their weekly meeting at the Columbia Club. Mr. Campbell is head of Juvenile Delinquency Prevention and Treatment Program for the American Legion. He has been engaged in juvenile delinquency correctional work for 25 years.

MORE JOBS FILLED, APPLICATIONS GAIN

WASHINGTON, Jan. 5%U. P.).— The Social Security Board said today that there were 3 per cent more persons hunting jobs last November than there were in October but that the number of positions filled in private industry during November was greater than any previous November in the employment service’s

seven-year history. The Board’s Employment Security Bureau reported that it found 249,000 jobs with private employers during November. That was 20 per cent under the October placements but 40 per cent above the level of November, 1938, and 58 per cent above November two years ago. The Bureau’s.records showed that applications for work increased during November for the first time in 1939. These figures reflected dimunition of the public, works program. In addition to jobs filled with private employers the Bureau placed 40,500 in public employment, a figure lower than that of any month during the two preceding years. The Board: reported that benefit payments to unemployed workers increased to approximately $28,350,000

during November, a 6 per cent in-'

crease over October. The Bureau said, that on Nov. 30, there were 5,622,000 men and women registered with public employment offices as actually seeking work.

0-T

VALUES IN

Bradshaw to Address Club—Juvenile Court Judge Wilfred Bradshaw will speak Monday noon on “The Child in Court” at a meeting

of the Scientech Club, Inc. of Indianapolis in the Board of Trade Building.

Bar Lays ’40 Plans—Committees for 1940 will be named at the January meeting of the Indianapolis Bar ‘Association at 6:30 p. m. Wednesday in the Columbia Club. New

officers for the association will be introduced, and plans for the year will be mapped.

Officers and directors of the Indianapolis Real Estate Board last .night were guests at a dinner given by their president, Guy H. Williams, at the Homestead, 5694 N. Meridian Sf. Those present were: Raymond A. Franke, vice president; C. C. Grove, secretary; Edward A. Hyde, treasurer; Urban K. Wilde, executive secretary. and Ben F. Claypool, Walter M. Evans, Howard W. Fieber, Charles O. Grinslade, Russe H. Hartman, Forest B. Kellogg, Robert P. Mooreman, Ralph E. Peckham and Ford V. Woods. Col. C. B. Durham, president of the organization last year, also was present.

Townsendites to Meet—A regular meeting of Townsend Club 52 will be held at 8 o'clock tonight. The club will meet at School 14.

Workers Alliance to Meet—A regular meeting of the Workers Alliance will be held at 7:30 p. m. today at 29 S. Delaware St., Room 31.

Nursing Session Set—Two two-day conferences on orthopedic nursing were scheduled at a session today of the Indiana Orthopedic Institute for State Supervisors and Advisory Nurses. The meeting is being conducted by the State Public Welfare Department. - The dates set were Jan. 29-30 and Feb. 8-9, Both conferences will be identical, Miss Eva M. MacDougall, chief of the Bureau of Public Health Nursing of the State Board of Health, said. The conferences were called to help public health nurses cope with the problem of caring for crippled children in the State, she said.

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FEARS TERRIFIC GERMAN ATTACK

Lothian Says Hitler's Aim §

Is Conquest and End To Democracies.

CHICAGO, Jan. 5 (U. P.).—The Allied powers expect Germany to use ‘every weapon in her armory” early this spring in a “terrific attack by land, sea and air,” the Marquess of Lothian, British ambassador to the United States, said last night in an address to the Chi-

cago Council of Foreign Relations.

Denying his words were "bropaganda” he added: “I am speaking frankly to you in the same way your Ambassador Kennedy is continually explaining to the British people what you think.” ~The struggle between “democratic and totalitarian principles” in Europe so far has been indecisive, he said. : He devoted most of his talk to bitter denunciation of Adolf Hitler and a reassertion of the virtue of Britain's policy of world economic freedom. “We in Britain and France and in the young democracies across the seas have gradually been driven to the conclusion that we are confronted with another of those tremendous struggles between freedom and tyranny which have been the theme of history since the Greeks turned back Persia at Thermopylae,” he said. “It now seems quite clear to us that what Hitler really seeks is not justice for Germany, but conquest and domination ., . He has created the most ruthless totalitarian military organization the world has ever known. . . . To establish the supremacy of the German ruling race.” He placed all democracies in a class as “the fortunate heirs” of the freedom which began with the Israelites and the Greeks. :

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