Indianapolis Times, Indianapolis, Marion County, 7 August 1946 — Page 18
lines have been declared surplus
property. Two natural gas transmission firms have bid for the purchase or lease of the lines. They plan to convert them to carry gas primarily {for the New York-Philadelphia
area. Since the lines pass through In-
K{ (diana, gas experts in Indianapolis
have begun to consider them as
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Indianapolis Negoliates as Two Transmission Firms Bid|
For Purchase or Lease From WAA,
New sources of natural gas will become available to Indianapolis with the projected conversion of the Big and Little Inch pipelines which are now up for sale by the war assets administration. The famous lines were built during the war to move crude oil from the Texas flelds to the East coast refineries while submarine activity made tanker shipping hasardous. With resumption of tanker traffic, the
potential sources of natural gas for Indianapolis, which is now in the market for it. Negotiations in Indianapolis were started in March between the Citizens Gas & Coke Utility and the Panhandle & Eastern Pipe Line Co. Panhandle has two lines running from the Texas flelds to Michigan and now is arguing its petition to build a third line before the federal power commission. The “Inch” lines cross Indiana near Seymour. Engineers for the bidders have determined that the reconversion of the lines to transmit gas 1300 miles across the continent presents no major problems. $85,000,000 Bid Made Supported by a major investment banking group, the Big Inch Natural Gas Transmission Co. has sub-
| lines.
mitted a bid of $85,000,000 to the WAA for outright purchase of they
The company which is headed by ex-Senator Robert J. Bulkeley of Ohio proposes to sell 1000 BTU gas to major distributors at a cost of 24 cents per 1000 feet. Underwriting the purchase is the investment banking group of Halsey, Stuart & Co, Inc., of Chicago;
[ Co.
'ley and Otis have agreed to form
Otis ‘& Co., Cleveland; The First California Corp.; W. C. Langley & and Butcher & Sherrerd of Philadelphia. Halsey, Stuart & Co., W. C. Lang-
an underwriting group for the bonds. Otis, First California, W. C. Langley and Butcher & Sherrerd’ would underwrite the sale of preferred and common stock to the public. Need Conversion Fund Not ‘more than two-thirds of the capital structure will be in first mortgage bonds. The transmission company estimates an additional $37,500,000 will be spent in conversion. It will pay 7 cents per 1000 cubic feet for gas produced in the Gulf coast area and sell it for about 24 cents. The bulk of natural gas now being produced in the Gulf coast wells is being sold at § cents or less per MCF. At the same time, E. Holley Poe & Associates have bid $260,000,000 for a 40-year lease to the lines. Mr,
H. Ralph Burton, above, counsel for the house military affairs committee, refused comment on charges that he personally sought draft deferment for Serge Rubinstein, New York financier, now under indictment for draft evasion. Col. Chester Goble, Ohio selective service director, made the accusation.
FOREST FIRES RAGE ON CANADIAN BORDER
INTERNATIONAL FALLS, Minn.,
Aug. 7 (U. P.)—Dense smoke billowing from a score of stubborn forest fires today caused citizens along the international border between the United States and Canada considerable concern. Forest officials on both sides of the boundary admitted conditions were similar to disastrous 1938 fires. Twenty-one persons died then. ” Thousands of acres of timberland had been devastated in the Black bay area on Rainy lake where the fire was still the most serious in Koochiching county. A two-mile swath was cut to the bay by the. fire which hopped to Dove island. It jumped the highway nearly two miles west of Island View.
$100,000,000 for outright purchase. Mr. Poe's associates in the deal are BE. DeGolyer of Dallas, Tex, and Charles I. Francis, Herman Brown and George Brown, of Houston, , Huge Capacity The two lines would have a natural gas capacity of 342,000,000 cubic feet a day. Natural Gas Transmission Co. engineers have estimated that capacity could be boosted to 500,000,000 cubic feet daily by alterations. The Big Inch line is 24 inches in diameter. It runs 1254 miles from Longview, Tex. to Phoenixville, Pa. branching from there to the Phila-delphia-New York area. Little Inch is 20 inches in diameter and runs 1475 miles from Beau-
Poe also submitted an alternate of
mont, Tex, to New York.
——
. THE INDIANAPOLIS TIMES No Comment’
By Selence ‘Serviee
. URBANA, Il, A. J~Punish-
‘ment of Japanese and German war
criminals “will increase the probability of world war III” Dr.
believes. Predicting failure for the punishment -of world war III war criminals, Dr. ‘Taft declares: . “If we can think less of punishing war criminals and more of reducing international tensions there is possibly 8 chance for avoiding war.”
Donald ‘R, ‘Taft, University of He, | nots sociologist,
The Illinois sontologist lists ten reasons why he believes the punishment of war. criminals will be a failure:
ONE: The punished will feel they are being judged war criminals, because of allied acts such as the atomic bombings. ., TWO: Punishment is being. .inflicted by war conquerors and not “peers” of the punished. THREE: The social approval of criminal acts is still greater than even execution in the minds of some
WEDNESDAY, AUG. 7, 1946
: Punishing Japs, Germans will Bresd War, Sociologist Says
ot the punished, Goering, facing probable execution, is said to have declared he would follow Hitler again if he were to have the chance. FOUR: More war criminals will escape punishment than will he punished. FIVE: Other criminal acts, such as dangerous doctrines and discrimination, will go unpunished. ' SIX: Punishment by victors may appear unjust to former enemies and potential supporters 6f the punished
1
SEVEN: If nationalism survives | in Germany and Japan, it will tend to make the punishment of the war
criminals ineffective.
EIGHT: Punishment alone cannot change anti-social attitudes to social attitudes.
NINE: Punishment that expresses
hatred is ineffective.
TEN: Individual punishment of war criminals distracts attention
from the need to attack the ‘basic causes of wars.
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