Indianapolis Times, Indianapolis, Marion County, 1 August 1946 — Page 22

Adiustments’ volving 9

WASHINGTON,

tee by spokesmen for the general To date about a score of alleged minor defalcations and embezzlements, mainly involving diversion ‘of government materials and labor to private purposes, have been reported to the justice department for prosecition. They involve subordinate officials and employees of the private shipbuilding companies, the maritime commission and war shipping administration. None of the cases stretches into Washington offices or into the higher ranks of shipbuilding executives, 9 Billion ‘Adjustment’ Among admitted results of the] commission's. wartime system of bookkeeping are: The “adjustments” necessary to! pring its finances into balance totaled more than $9,000,000,000. The commission admitted that “in the disorder surrounding the| construction of ships without regard to cost, it was not found until fiscal 1944 that this warehouse (at Emeryville, Cal.,, containing an igventory of $2,663,000) was known t§ be a commission warehouse.” .W. L. Slattery, the commission's director of finance for construction, told the committee that “ft is conclusive to record that 0,494,372 of commission purcan never be allocated.” ; Transfers Unlisted: In addition, he said, “there are unrecorded transfers among shipyards too numerous to mention.” (The approximate value thus involved was estimated at $800,000,000 in a house appropriations commit-} tee report). Mr. Slattery, in a letter to the commission ‘chairman, said also, “there was, from 1942, rio possibility

that the cost of contracts or of ©

ships would ever be known unless the whole system were revised and brought into relation with the flow of money and events. “The whole bookkeeping system of the commission was confused, cumbersome and badly suited to its needs. The trouble was that the system was installed by commercial certified public accountants, but

.. Shipping Board's Finances Into Balance.

By FRED W. PERKINS, Scripps-Howard Staff Writer g Aug. 1.—The lax and sometimes fantastic bookkeeping of the U. 8. maritime commission, covering expenditure of $21,000,000,000 in the world’s greatest shipbuilding job, left the door “open for large frauds that may never be discovered, according to testimony before the house merchant marine investigating commit-

Billions Necessary to Bring

accounting office,

HOG PRICES ADVANCE 6450 ARE RECEIVED

Vealers Also Increase. Sheep Figures Decline.

Local hog prices jumped another | half dollar today after breaking the all-time price record of $23.75 here yesterday. Receipts rose to 6450. Vealers also took a 50-cent increase, while sheep dropped a half | dollar. ! Indianapolis prices followed trends all over the country; hogs at Chi-! cago soared to a record level of $24.50. Other receipts were "1000 cattle, | 500 calves and 1700 sheep.

GOOD TO CHOICE HOGS (6450)

society museum, wears an old Quak

Peep-Hole Cas Of Hundreds

By VICTOR

collection.

of both world]

In Old Mansion The home itself is historical for it is the old mansion of John K. Gowdy, former consul general to

Butchers 120- 140 pounds ......esst: $22.26023.00 140+ 160 pounds 23.00 24.25 160- 220 pounds ,,.. . 24.25 220- 240 pounds ,, « [email protected] 240- 270 pounds ., 24.25 270- 300 pounds .. .« 24.25 300- 360 pounds .....e..e... 24.25 Medium— 160- 220 pounds ............ [email protected] Packing Sows Good to Choice 270- 300 pounds .... 275323 25 300- 330 pounds .. 3 504223.25 | 330- 360 pounds .. 1 360- 400 pounds Good— . 400- 450 pounds ,i.evineeies [email protected] 450- 550 pounds. .... oes [email protected] Medium 250- 550 pounds 20.50 @21.50 Slaughter Pigs Medium to /Good— 120 pounds -.:i.uai.ian. 7.50922.38| CATTLE 1000 Cholce— wl T700- 800 pounds ............ 19. 5-1 100 pounds ’ . ha 2 1100-1300 pounds . «+ 19.50 00} 1300-1500 pounds .... vee 19.50 28 00 700- 900 pounds ......e00000 }¢ [email protected]

900-1100 pounds 1100-1300 pounds 1300-1500 pounds Medium-—~ 700-1100 pounds 1100-1300 pounds Common— 700-1100 pounds

resaasanens

sense psenennn

Heifers Cholce— 600- 800 pounds 800-1000 pounds

must be conducted by classified (civil service) employees with no! commercial experience.”

Poses Three Questions’

In summarizing the position. of

. the general accounting office, Edwin L. Fisher, assistant general counsel, testified there were three questions to be answered: “Are there sufficient records available to make a finding that all the money has been properly disbursed? . “Are you satisfied that the records checked are in such shape that you can affirmatively say there was no fraud? “Were the records sufficient for

the general accounting office to M

make a satisfactory audit?” " Answer Is “No”

The answer to each of these questions, Mr. Fisher said, was! “no Vice Adm. William Ward Smith, new chairman of the maritime commission, has acted to apply a number of improvements suggested by Comptroller General Lindsay C. Warren for future operations, Adm. Smith told the committee, “I find no charge that money has been misappropriated or that fraud has been committed by any person now or formerly connected with the organization, , , , thus far presented I gain the impression that we possibly face nothing more serious than a disagreement, among ‘the accountants themselves, as to methods of accounting.”

oa Sop 00 ORDER EG du a .

From testimony | American

500- 900 pounds ..... “rene | COMM 500- 900 pounds ........ev.. [email protected] | Cows (all weights) Goal «ain cairiiiaiiiin cor [email protected] Medium ‘ ves ee ees 10.00€812.75 Cutter -and common. ...... 7.50@ 10.00 Canner .. 6.50@ 7.50

Bulls all weights) Beet— Good (all weights) Bausage—

13.50@ 14.50 |

Medium Cutter and common. ..... CALVES (500)

Good and choice.............. [email protected] Common nd J medium. cioeenens [email protected] Culls anes 9.50 12.50 Feeder and Stocker Cattle and Calves Steers Cholce— 500- 800 pounds « ........000e [email protected] 800- 1050 POUNAS susuvinenes 16.509 17.50 500~ "800 pounds 14.50@ 16.50 800-1050 pounds [email protected] edium— 500-1000 pounds ..eveeveeeas [email protected] Common 900 pounds ..........es [email protected] SHEEP (1700) Ewes (Shorn) Good and choice 6.00@ 7.00 Common and medium... .. 5.500 6.00 RING LAMBS Choice (closely sorted) cesves 33.00 Good and choice..... [email protected] | Medium and good e 16.50@ @20 00 | Common [email protected]

LOCAL ISSUES

Nominal quotations furnished by anapolis securities dealers: STOCKS

Indi-

Bid Asked Agents Fin Corp com Agents Fin Corp pid ... Loan 4% 93 ... American States American States ah American States cl B ... L 8 Ayres 4%% pid ... Ayrshire Col com .. Beit R 8tk Yds com . elt R Btk Yds pfd ... Bobbs-Merrill 43 Dia Bobbs-Merrill com Central Soya com Circle Theater com

3 40

Indpls Railways com . Jeff Nat Life com .

Lincoln Loan oe 5% ‘ptd ‘ *Lincoln Nat Life com vee 183

Marmon Henn com... 13%

Mastic Asphalt 8% 10 Natl Homes com. .. ........, 9 PY N Ind Pub Serv 5% ........ 108 P R Mallory com faa 30%, 313% Progress Laundry com ..... 24 Pub Serv of Ind com ver 30% 0 40%: Pub Serv of Ind 3'%:% pfd....100%

Ross Gear & Tool com 80 Ind G & E 4.3% pid. Stokely-Van Camp pfd Stokely-Van Camp com. . | Terre Haute Malleable . U 8 Machine com ...... United Tel Oo 5% ........... | Union Title com 3

113%

BONDS | ninemsn Loan 4}ss 60 .. Buhner Fertilizer 85s 64 .... | Ch of Com: Bldg 4'%s 61 .. (Citizens Ind Tel 4's 61 . Columbia Club 1%s 5s . Consol Fin 5s 66 Hoosier Crown 5s 56 . Indpls P&L 3'%s 70 . Indpls Railways Co 8s 57 ... Ind Asso Tel Co 3s 75 va | Investors Telephone 3s '61.. | Kuhner Packing Co 4s 4 ... |N Ind Pub Serv 3's 13 ..... {| Pub Serv of Ind 3%s 175 .... | Pub Tel 4%s 35 { Trac Term Corp Bs 87 | H J Williams Ino 5s 55 *Ex-Dividend.

Listen to

Merrill Lynch, Pierce, Fenner & Beane

Every night Monday through Friday

WFBM—10:15 P.M.

i wid ; 2 -

6.30919 .00| passed to Clark Offutt who gave it I i 1080140 the society in 1940. Guiding]

je ‘Lincoln ‘Gary, 78<year-old lawyer 11.235@13. 0 pelieves he was named after the

- 18 Ragu parents’ love for the war leader.

112% |

76% | ears” moved over

| 0;

361% |

10 3% |

106% 108%

101%

“BUSINESS HIGHLIGHTS’ | , i

Paris under President McKinley. |Mr. Gowdy worked himself up to his high position through the -offices of county sheriff and auditor and state Republican chairman. By legacy, the building and stable

light of the museum is Abraham and board of trustees member, who

martyred president because of his

Two floors of the house and two

«ease [email protected] | floors of the stable already are . [email protected]| furnished with hundreds of items. |

{ There still is room for expansion, | however, and the society is eager) for objects of historical value. 161-Volume History | Not long ago a woman called to| {ask if the museum would be inter-| {ested in a history of the Civil war.

the history off at his office. woman thought it would be best to| take it directly to the museum as there were a mere 161 volumes. It gives the history of every te] To detail the exhibition pieces | would fill another 161 volumes, In| the collection are actual antique models which trace the history of] the typewriter and the coffee | grinder; a rail fence with rails from each of the 12 townships; old | clothes including a Quaker top hat which made the hegira to Indiana) {from North Carolina about 1832:| the first steam fire engine in the! county; rugs from China given to | Wendell Willkie; furniture: | relics; a sign from a toll road, and| the peep-hole casket.

are worthy of a quick note. The | sign gives the prices for moving various types of vehicles and live-

...| stock along the road. But one word! *+| is scratched out.

Sensibilities Offended

History has it that a woman col- | lected the toll and her finer sensi-

the word “asses.’

Comwith Loa 4% pid . .iing after tha 0 Consolidated Industries com 1% 2 £ r t, ‘no one knows. Consolidated Industries pid. 4%: 8% As for the casket . . , it was : Cons Min Corp pfd ..... . MY gr Iv : Delta Electric OM ....... 18 20 made by James Wyatt, cabinet i Electronic Lab com ; 4% ww maker, who was the grandfather Ft. Wayne & Jackson RR 4 103 | > | Herr oune, Jaf oid PM an : of Warder and Harry Wyatt, local Hook Drug, Rey 5 { funeral directors. Ind Asso Tel Co 2 pfd 52 . ’ Ind & Mich Elec 4%2% pfd ..110% 112% When a person died, the relatives Indpls P & L co wivnsire. 38 331 Ee BOR P EL an pid... hy 1 measured the body with a corn- |: Indianapolis Water pfd ......105 .... stalk and took it to Mr. Wyatt. Indpls Water cl A com ...... 22%

With that as a yardstick, he would tailor-make the casket. The body would be laid to rest and the ld] nailed down. A hole was left over the face. A hinged lid could be

swung aside to permit a view of]

the deceased. Current officers of the society are Mrs. Mary. E. Marsters, president;

5%! Henry Stinger, vite president, and Margaret Mullins, secretary-

| Mrs.

treasurer.

Abraham Lincoln Gary, “father” of the Rush County Historical

a charge list from a county toll road,

Times Staff Writer RUSHVILLE, Ind. Aug. 1l.—Are you interested im a peep-hole

casket? . Well, you can find it and hundreds of other odd relics in the museum of the Rush County Histqyical society. Rush countians are mighty proud of their museum for it is one of

the few in the state which can boast a home of its own and a vast

Exhibition pieces mostly are of Rush county origin although several {objects have been donatéd by re-}

: THE INDIANAPOLIS TIMES Rush. County Justly Proud of Museum

IN M RITIME QUIZ

er top hat as he pauses in reading

ket Only One of Odd Relics

PETERSON,

Chapman Running

Agency in Alaska,

‘| was voiced yesterday by Herschel A

STATE RAIL" FREIGHT

Opposition to an additional 5 per cent increase. in rail freight rates on sHipments within Indiana

Hollopeter, transportation director

merce, in a hearing before the public service commission, “Trafic from other territories, the South and the West, into Indiana, does not bear this added 5 per cent,” Mr. Hollepeter said, “and it has been denied for intra-state application within Illinois.” A 6 percent increase on Indiana shipments previously had been allowed by the Indiana commission without protest from the state chamber, effective July 7. This corresponds wtih the 6 per cent increase authorized by the interstate commerce commission throughout the nation on interstate shipments. The hearing ‘was on the request of the: railroads for the 5 per cent additional increase on Indiana intrastate shipments, over which the state public service commission ‘has sole jurisdiction.

LOCAL PRODUCE

PRICES FOR PLANT DELIVERY Poultry: Hens, 4% Ibs. and over, 25¢: under, c; 1948 springs, friers, broilers and roasters, 4'% lbs. and over, 32¢; Leghorn springs, 30c: roosters, 16c; ducks, eese, 10c. No. 2 Poultry, 4c less

Eggs: Current receipts, 54 Ibs. to case, 30c; graded, ees, A large, 37¢c; A medium, 3lc; no grade, 25 Butterfat: No, 5 '#7¢; No. 2, 64c.

U. S. STATEMENT

WASHINGTON, Aug. 1 (U., P.).—Government expenses and receipts for the current fiscal year through July 30 compared with a year ago:

This Year Last Year Expenses $3,533,914,166 §$7,024,823,605 War Spending 1,276,196,132 6,856,185,346 Receipts 2,455,622,363 2,518,301,106 Net Deficit 1,078,291,803 5,408,520,998 Cash Balance 11,880,633,231 22,214,892,446 Public Debt 268,398,129,003 262,266,560,037 Gold Reserve 20,267,385,314 20,152,313,824

HIKES ARE OPPOSED

of the. Indiana chamber of com-|

or |

ETI sii eta Ast tr

Shipment of Farm Machines. To Russ-Dominated Area Hit

By PARKER LA MOORE

Scripps“Howard Star Writer

WASHINGTON, Aug. 1.—Rep.

impaired by sending mechanized equipment to countries which will not know how to use it. “Were it not for my own personal knowledge and observations of UNRAA's administration and operations in foreign countries, I could not have believed that any American could expect a transition in one year from ox or donkey to a modern American tractor,” the congressman said. Experience Is Lacking

In Poland, Czechoslovakia and Yugoslavia, he added, farms are small, .not lending themselves to mechanized production. There has been little or no experience in the use of tractors, with few expert

equipment.

“The American farmer, if given these tractors, would produce many times more food for hungry Europe than this wasteful proposal,” said Mr. Johnson. It. would be another matter, he contends, if the tractors were destined for South American countries, | France, Belgium, Holland or Australia where modern farming practices are understood. Industry Complains The farm machinery industry has complained about the CPA-UNRRA policy on another score. Orders are piling up from established customers in South America, which cannot be met because of the priority given UNRRA. While this business is being lost, tractors are being diverted to coun-

INDIANAFOLIS $ CLEARING HOUSE 7.388

oo 9 eg == -g

000 tries where there is little, if any, prospect of developing future busi

Allan V, Chapman Jr, formerly a resident at 1315 Southern ave.,| has founded the Alaska Advertising| agency. The firm is the only organization to offer services of its kind in the territory. The com-

pany’s offices are located in An

chorage. Mr. Chapma attended . Indian

university : prior to his in-§ 3 duction into thei ? army was a sales;

and advertising: manager in the east.

Recently dis- 4 |charged from the Mr. Chapman AAF, Mr. Chapman revealed that he is staffing his agency almost entirely with ex-servicemen. He has {complete art, layout, copy, research |and radio department, The radio

13 20091380 Naturally, the society answered.|department is making electrical HR. Mr. Gary suggested the donor drop | transcriptions for all Alaskan staThe | tions.

EXPECT LESS MEAT OUTPUT .THIS YEAR

WASHINGTON, Aug. 1 (U, P.).— The agriculture department said today that if livestock ‘marketings continue at the present heavy pace there may be a 5 per cent reduction

in the number of livestock by next

January. The report backed up a previous department estimate that total meat production in 1947 may fall about |

Indian |1,000,000,000 pounds under this year|

and about 3,000,000,000 pounds

under record 1944 production, The toll road sign and the casket|

Don't Go. Half Way and Stop!

Give your property fire 2 insurance, of course! But for a very little more, add Grain Dealers Extended Coverage and guard

| against loss from

many other hazards.

Fi | &

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if not convinced LINCO is the

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finest bleach | &

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LINCO is made from purified and extra refined ingredients, The result is © mild, yet effective bleach that gets clothes whiter ond brighter. Safe to use on your finest cottons and line ens. Try Linco, following directions on label. If not completely satisfied, return unused portion and your grocer will refund double the price you paid.

Summer Store Hours

mechanics there to service such

Anton J. Johnson (R. Ill.) objects

.| fo an order by the:civilian production ‘administration requiring the shipment, through UNRAA, of 14,500 tractors, badly needed by American farmers, to Russian-dominated countries in Europe. He points out the United States supplies about 70 per cent of the wheat to UNRAA for Europe. Yet our potential production is being

ness. because the know-how doesn’t exist there for proper utilization of mechanized equipment. It should be considered, too, that food produced in Russian-dominated countries, if the new equipment results In increased production, will be under Russian control. It will not go into a world food pool. It will be used, if it is used at all, to make Communistic operations Took good. Greece Probe Recalled The same equipment, in Ameri-

can, South American or Australian|

hands, would produce food which could be obtained for distribution according to need. Investigation in Greece, some months ago, revealed vast quantities of industrial equipment and machinery, UNRRA, rusting in warehouses. Other demands had been sacrificed to obtain this equipment and it had been shipped under high priority, when shipping space was at a premium, There were various reasons why it was not being used. But the situation indicated an absence of coordination and understanding between the people on the scene and the so-called top-level planners in Washington.

TRUCK WHEAT

Indianapolis flour mills and grain elevators are paying $1.87 per bushel for No. 1 red wheat (other grades on their merits); corn, No. 1 yellow shelled, $1.90

per bushel, and No. 2 white shelled, $32;

oats, testing 34 pounds or better, 69c

per bushel.

—Monday through Friday 9:45 A. M. to 5:15 P. M. —Saturday 9:45 A. M. tol P. M.

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THURSDAY, AUG. 1, 1946

CHEVROLET OUTPUT 10,231 FOR WEEK

The Chevrolet Motor division of General Motors Corp. last. week pro= duced 10,231 cars, the company sald In its weekly production report. This is the first time since V-J day the company’s production hag risen above 10,000 cars in one week. Production of all GM passenger cars in the U. 8. rose more than #900 units over. the previous week. The total of 20,438 cars produced last week, however, still was more than 50 per t below the come parable week 1941, while pas senger car production to date in 1946 15 more than 800,000 uvnits below 1941 production for the same period.

Truck production fell off slightly last week, 8385 units as compared with 8762 the previous week.

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