Indianapolis Times, Indianapolis, Marion County, 18 March 1947 — Page 16
CSIR REA et
bent Shop
Motors Corp. in 1908 died in his
his wife, the former Catherine Led-
A
* out the Ford Motor Co. He failed,
THE INDIANAPOLIS TIMES
rant, Cangiol Motors Corp. Founder, Dies
X
_ TUESDAY, MARCH 18, 1947
v ih 4 voy ®
Made Fortunes _And Lost Them
NEW YORK, March 18 (U. P).~— William Crapo Durant, an up and down financial wizard and one of the founders of the automobile. inoe died today. He was 85. The man who founded General
sleep at 2:15 a. m. after a five-year
{llness. With him at his home here were
HALL OF FAME—William C. Durant, 85, General Motors Corp. founder, died today in New York City.
School Leaders
tinsville; Willlam B. Sharp, Rock--{ville; Thomas Fogarty, Shelby county; Virgil Stinebaugh, Indianapolis; L. A. Lockwood, Columbus; Ira
To Confer Here Meetings Scheduled [Funincin, uper county: char
Schoolmen from throughout the|cénnes, and A. C. Senour, East Chistate will participate in the admin- | C880. |istrators’ conference to be conducted
of teacher recommendations; Robert urday of this week under ausploes|iy..ii ang Burley V. Bechdolt of the
education. Meetings will be held in the state ana
1. U. medical center. A guest speaker |lic Employees’ Retirement Fund of at the Friday evening session will|Indiana; George Fisher, Indian-
Telephoto dems Telegto university.
E. Wilson, Clark county; Merle J.'of Parents and Teachers.
of the Indiana university school of indiana State Teachers association; [38
be Dr. Paul R. Mort of Columbia apolis; PMncipal R. H. Rayburn of charges of vagrancy. Ambia high school; Dean W. W,|schéduled to undergo surgery last |and collapsed.
fone a Wife Slayer's Condition Critical Surgeons ‘Unable to Operate on Petty
Norven Petty, Indianapolis truck (day, Mr. Surber said. He said he who yesterday took his|SaW Petty and his wife in an emAlso on the program will be M. E. [estranged wife in his arms and [brace in the kitchen as he went in
. shot her and himself, is in critical |the living room to play with Gladys in Indianapolis on Priday and Sat- |Stapley, director of the I. U. bureau ition In Clty ital 10d
Among the county and pity school | Wright of the’ I. U. school of educa- night to remove the bullets, but superintendents who will have a tion and Mrs. Robert F. Shank, surgeons reported his condition too penciled note saying he loved his part in the program will be William [president of the Indiana Congress orient © chee Po! d
separated two weeks “840. Ms. Petty charged her husband was two children, Gladys Louise, 4, and Dennis Arthur, § months, She left their home at 2068 McKim st. and took ‘the children to her granduncle's house. Petty came to the house yester-
Louise. The child heard the shot and
to City hospital [screamed. In the kitchen Mr. SurForrest V. Carmichael of the Indi-|from the home of her grand-uncle, ber found his grandniece sinking Teachers Retirement | Thomas F. Surber, 76 board of health auditorium of the Fund; Ross Teckemeyer of the Pub |follton ave, where: the shooting
Car« [to the floor.
Petty walked out of the kitchen. In the doorway he stopped and
o, fs held on formal fired two shots into his chest. He He was staggered 15 feet through the yard
In® his pocket palice found a
wife and could not live without
Mr. ‘and Mrs, Petty (his Jelly.
New Abduction Attempt Reported
Boy, Offered Ride, Jumps From Car
A wave of complaints of men molesting women, and young boys were being investigated by police today as possible leads in the disappearance of 8-year-old Peter Hubbell, While detectives probed the complaint of a 13-year-old boy that a man attempted to abduct him in an automobile Saturday night, a new case of attempted abduction was reported last night. . Paul Lineback Jr. 14, of 3605 N. Denny st, said a middle-aged man in a black, 1930 Ford sedan offered him a ride south on College ave. about 7:30 p. m. When the car passed the boy's
|dentination, the man refused to let him out, he sald. Paul said he opened the door and jumped from the car. Women complained of being mo= lested by men at 34th st. and Keystone ave. and at Roosevelt ave.
".Jand Gale st. In each case; the
young women said men -followed them home afid advances, Sheriff's deputies were still dragging the river, although they were abandoning the theory that young: Hubbell had fallen in there, Peter, son of Mr. and Mrs. Richard M. Hubbell of 28 W. 54th st. disappeared from the Riviera club March 8.
Named Sales Agent Henry R. Voelker, 118 E. 63d st, has been appointed Indiamapolis sales representative of the Steel
Improvement & Forge Co. Cleveland. Mr. Voelker formerly was dis- . trict manager for the Rotor Air Tool Co. and representative of the
Ingersoll-Rand Oo.
erer, whom he married May 38, 1908, a nurse. i former “Gunga Din of Wall ‘Btreet” had been ill since October, 1942. One daughter, Mrs. Fitzhugh Green, lives in New Caanan, Conn. The “Street” called Durant “GunDi Din” because he bounced up and financially, was a small, reSo a but had a pair of piercing eyes that commanded attention.
Inactive 5 Years
Mr. Durant had been inactive since he was paralyzed by a stroke five years ago at Flint, Mich. : Mr. Durant’s career started when he set up &.small carriage shop in 1886, reached its height when} he controlled all of General Motors in 1915 and all but ended when he listed assets of $350 and liabili-
then buy it at any price. : Expanded Firm Ultimately, this cost him his fortune. But at the time Mr. Durant was thinking and living in the present. He produced. huge sums of money, and with them was able to buy out
all of which were consolidated as Abe General Motors Co. In 1909, Mr. Durant tried to buy
too heavily and lost control of General Motors to eastern banking interests.
Unperturbed, he paid off the $6 million loan in five years and: in 1915, after organizing Chevrolet with what he had left, bought up enough’ stock ‘on the open market to regain control of General Motors. The same year he combined the General Motors Co. and Chevrolet as the General Motors Corp.
Market Fails
The victory was short-lived, however, for in 1920 a ruinous market failure sent GM stock plummeting to $12 a share and Mr, Durant, in an attempt to stem the downturn, lost most of his assets. _He still had his Durant-Dort organization, and with it tried to put out a series of low-priced cars— Durant, Star, Flint—but none was good enough to compete with other makes and his fortunes continued to ebb until the 1920 market catastrophe wiped them out.
&
Mr. Durant was one of the 14|
pioneers named to the automobile |’
hall of fame last May during the
industry's golden - jubilee celebra-}
‘tion. He was unable to attend because of illness.
Dr. Harold Bowen
Hs 2 an TIN
“Gives Lenten “Sermon
“The lack of a focus in life is ‘one reason for the futile and fear“ful lives we see all about us today.” : Dr. Harold Bowen of Evanston, Il, thus diagnosed the ills of our age in his noonday sermon today In Christ Episcopal church on .the circle. : “Every integrated life must have a center” he told the Lenten congregation. Then he explained that Jesus gave his friends poise power and peace through association with
Him; and that the same ‘help is
available to the people of today. “Perhaps no generation in all
history needs this divine focus more |
than the one in which we live,” is the speaker's opinion. He will give the . noonday sermons at Christ church daily through Friday and speak Wednesday at 7:45 p. m. at the Episcopal Church of the Ad- , yent, 33d and Meridian sts.
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