Indianapolis Times, Indianapolis, Marion County, 10 January 1940 — Page 2

WIDOW SAYS IN SHIDELER TRIAL

Mother of Girl, 7, 1, Weeds as|

. She Tells of Investing T Legacy. of $12, 000.

¥ 5 : (Continued from Page One)

:.The Government plans to rest its case in the present trial this afternoon after hearing SECE investigators, several local bank officers and employees of Indianapolis and Chicago investment firms. “Mrs. Dick said that after the

Shideler & Co. offices closed, her| B

utilities were turned off and that e went to the senior Shideler’s enwood home to find out what was the matter. She said she saw two men go into the house and thought ‘they were the Shidelers, but that Mrs, Shideler told them they ere not home. Another man, she said, ordered her off the premises.

: Testifie sto Signatures

diy W. Seidel, 2258 N. Illinois St. former. chief investigator for the Marion County Prosecutor,’ testified after a Marion County indictment was returned against the Shidelers, He examined the %enior Shideler’s safety deposit box. In it, Mr. Seidel said, he found an envelope with “12-31-36, $12,000” written on it. .. The signature en‘ the envelope was similar to that of. other signatures which he said he knew were genuine signatures of Prederick Shideler. - The date on the envelope was shortly after the date Mrs. Dick said she turned her $12,000 over to the Shidelers to invest for her. Yesterday Mrs. Dick testified she received $15,000 and $3750 insurance on the death of her husband. She gave William Shideler $15,247, she testified, when. he promised to set. up a trust fund for Shirley and told her there could be no element of speculation in her dealings with the firm. For that. money she.received only $3113 in return, she tesRecalls Giving Money “Will Shideler offered me a partnership in the company,” Mrs. Dick told the jury, “and when I said I didn’t know anything about securities, he told me it would be easy to get me a license because he had a good friend in the State Securities Commission office.” Mrs. Dick testified that when she turned the money over to Mr. Shideler, Shirley,. then 5 years old, asked: ““‘Are you giving Mr. Shideler all our- money, mother?’ Mr. Shideler turned ‘to Shirley, Mrs. Dick stated, saying: “ ‘Shirley, this is the money. you’ re going- to college on.’” Mrs. Dick said Mr. Shideler told her she would receive $127 a month return. on ‘her investment. Once Mr. Shideler - told, - she - testified, that he had paid-her County-taxes in place of sending her a check. She found, she stated, that the taxes had not been paid and that she was onthe delinquent list. :

# Tells of State Warning

- Mrs. Dick said: that Mr. Shideler told her that the firm “had a large fund to protect investors in-case-of loss.” Warren W. Martin, a deputy State Attorney General and attorney for .the State Securities Commission, told the jury that in May, 1937, when a license was issued to the firm, William Shideler was admonished that his father must not become associated with the business because of the latter’s - reputation. Government witnesses have testified that the senior Shideler took active part in many transactions and papers with his signature have been introduced in evidence. Mrs. Hattie Carr, of 1927 N. New Jersey St, said that she turned over 16 shares of Marcus Loew stock to W. A. Shideler after he told her that the firm had a customer who would pay $55 a share . for it. She had only been offered . $50 elsewhere, she said.

Bought Stock From Firm

The next day 16 shares of Loew stock were bought from Shideler & Co. by Wm. F. Churchman & Co. at $51.75 a share, Mr. Churchman testified. Superior Court Judge” Henry 0. Goett told the jury that Shideler & Co., sent a $4200 confirmation = of stock purchase to an investor for whose account no purchase had been made. Judge Goett also said that just before the company’s activities were stopped by the Marion County Grand Jury, the only assets held by tHe firm were less than $1000 in + cash and some ‘stocks and bonds “of questionable value.” Judge Goett said that as Marion County deputy prosecuting attorney in the fall of 1938, he talked with Mr. Shideler to find out why stock ordered by Carl G. Sander, of 421 _ Sanders St. had not been delivered.

" Testifies of Stock Losses

Mr. Sander earlier had testifiad that he received in return neither the stock certificates nor money he gave the company. Mr. Sander testified that Mr. Shideler had given him a letter which stated the stock had heen + bought. When he asked Mr. Shide- - ler about this letter, Judge Goett said the investment broker told him that the stock mentioned in the letter did not belong to Mr. Sander. Judge Goett said he asked Mr. Shideler if he did not know this was a violation of the postal laws, and said Mr. Shideler admitted he knew

* that but that the transaction was |

PLL LOSE HOME,

Lew Sarett . . .

poet, woodsman, professor. :

Former Ranger Takes Title Of Poetry Volume for.. “Talk Saturday.

Mr. Sarett was born in the forests of the Laké Superior country and went to Chicago as a boy where he became a newsboy. He later became a life-saver, a teacher of woodcraft in sportsmen’s' camps, a.naturalist, a guide in the Canadian North, and a U. 8S. forest ranger in the Rocky Mountains. He attended the University of Michigan, Beloit College, the University of Illinois and Harvard University. He is now a professor of speech at Northwestern University. . He is a member of the Society or Midland Authors and the Authgrs’ Club of London. He has written four volumes of poetry on the American wilderness, and writes poetry for monthly magazines.

6. 0. P. TO MAP COURSE FEB. 16

To Consider Date of

a Ng

Town Hall's Next

NLRB DEFECTS

Hamilton Calls Committee.

SPUR EFFORTS T0 AMEND ACT

Ramspeck to Press for House Labor Committee Action Tomorrow.

WASHINGTON, Jan. 10 (u. P)— Two reversals of National Labor Re-

Congressional efforts today to

| amend the Wagner Act.

. First indications were that the Labor Board would not appeal the Inland Steel Co, case, in which the Seventh . Circuit Court at Chicago

company sign a written contract with'the ‘C. IO. Steel “ Workers’ Union, “of the Sterling Electric ‘Motors, “Inc., case, Ninth Circuit Court in San Francisco voided a Board order directing the company to dis-establish an independent union.

t Signed Contract Issue

Labor. Board officials declined to comment on the “signed contract” decision. The Court said that the Wagner Act ‘did not expressly require written contracts if agreement was reached in collective bargaining, and that it could not agree with the Board's ruling that contracts are required in some instances. The question of the signed contract—the issue in the little steel strike two years ago—was the basis of the union's complaint to the Labor Board. However, the principal grounds for the Court's reversal of the oard’s order was a finding that the Labor Board's Trial Examiner, Charles Wood, did not give Inland a “fair” hearing. "The Court re-

further hearings. In the Sterling case, the Ninth Circuit held that it was the duty of the Labor Board to provide equal protection to a workman | whether he joins an international nion, affiliates with an_independent union, or selects not to join any union,

Action Due Tomorrow

The Court suggested that the “third” . right—that of individual

National Convention.

WASHINGTON, Jan. 10 (U. P.). —Debt-free and hopeful that the 1938 ‘Cengressional ‘election trend will lead to bigger things this. year, the Republican National Committee

‘Iwas summoned today to meet here

Feb. 16 to fix the place and date -jof its: presidential nominating convention, Chairman John - D. -M. Hamilton called the meeting. The Democratic National Committee will meet here for ‘the same purpose Feb. 5. If it is possible to do so, the Republicans hope this year to hold their nominating convention after the majority party has decided the political ques tion| of a generation: ill President Roosevelt be a third-term candidate?” - -

a Months Notice Required :

Rien National Committee rules require four months notice of the convention date so the earliest possible’ G. O. P. meeting would be June 17. Mr. Roosevelt brought the, jockeying for convention. dates into the open last November with a suggestion that it would be more economical and to the best interests of the country for presidential campaigns to be shortened. He suggested delaying convention .dates considerably beyond the June weeks which usually are devoted to them. Republicans indignantly repudiated the idea that a Democratic! President was entitled to say when the G. O. P. should nominate. But their indignation was mixed liberally| with chagrin that the Democrats were thinking of a later date, too, It long has been the custom | for Republigans to meet first, their almost uninterrupted majority position in the country making it. of relatively little significance ts the Democrats gathered and, often, | whom they chose to head their ticket.

Rebuffed Five Times

But in five successive elections beginning in 1930 the G. O. P. has, been rebuffed at the polls. The! fifth of these elections, in 1938, | materially increased Republican | congressional . strength and the number of Republican governors, but still not sufficiently to overcome losses piled up since the party slipped in the electiort which took place in former President Hoover's mid-term.

MRS. LOU ELLEN HUGHES DIES GREENSBURG, Ind, Jan. 10— Services will be held tomorrow for Mrs. Lou Ella Hughes, believed to be the oldest graduate of Hartsville College. Mrs. Hughes, who was 85, graduated from Hartsville in” 1872.

EXCHANGE SEAT SOLD NEW YORK, Jan. 10 (U. P.).— A membership on the New York Cotton Exchange today was sold for $6250, off $1250 from the previous sale.

dealings—was being ignored ‘“in the titanic struggle for power hetween international unions.” One Labor Board official said that the Board probably could obtain a Supreme Court ruling (on the “signed contract” issue without ap-/

Rep. Robert Ramspeck (D. Ga.), ranking House Labor Committee

last |

action on amendments ‘to the Wagner Act when the House Labor

Committee holds ‘its first | | meeting

tomor TOW.

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one of “good faith.” “I told him it didn’t Jook: like a faith transaction to me,” Judge Goett told the jury. |. . Both Judge Goett and Mr. San-1 der testified that the following day Mr. Shideler gave Mr. Sander $1300 . in cash. Mr. Sander claimed that ~ was all he received out of the tran-

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