Indianapolis Times, Indianapolis, Marion County, 26 May 1947 — Page 24

Jamination of John P. Collett, Indino. investment banker.

1 4 |week of cross-examination of com-

. |in the case as a ratepayer, bt has {been retained as a utilities advisor we! DY the Indianapolis Municipal ‘| league. i Mr, Stanford questioned Mr. Col{ett on details of the banker's earlier Hi testimony that the company was Aconservatively financed by wfearly fall common stock. ; Rips at Financing The ‘accountant was attempting today to undermine the theory that common stock financing = served ratepayers best. His implication was that it was the most expensive type of financing as far as ratepayers’ -interests , were concerned. "At one point, Public Service Commissioner - Leroy ‘Yoder asked the witness whether the sound economic position of Indiana Bell might not mitigate its need for a rate increase. Mr. Cdllett replied that it tended to stabilize the rate of return at a possible lower level than more speculative financing. + Definitions Give Trouble | Mr. Stanford and. Mr. Collett {tended to go around each other in | their exchange of questions and answers. “At one point, the account~

‘Telephone Co. was questioned today | by Public Accountant Clement L.| +in a two-hour cross ex-!

Stanford began his second |

y |pany witnesses. He has intervened

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ant asked the banker how he defined “rate of return.” | “Eamings.” replied the banker. | " “What are earnings?” demanded | INNERSPRING | the accountant. MATTRESS “Well, that’s return,” said the! banker. " Steel coll Spring filled. The questioning was stalemated | Easy | by these definitions until the banker Terms gave “net profits” as a synonym for “earnings” in: the sense of corporate returns. Questioning was to, continue in- | definitely. !

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~U. 8. army to the moose demned for n Mauthausen c¢ ‘The hangm chine-like pr first day of th execution in ( At seven-mi the men who mills at Mau the twin black ty-seven Naz Mauthausen a hanged tomor where Adolf Kempt.” Two Polish cuted together squad in a I the gray pri

* hangings bege

24 for the da) Break Twenty-one men died stol Kaufmann, 8 bonds which |

- back as hi trap.

Three Amer platform wer mentary para Kaufmann’s f taut rope at The conden the rope and His hands we and retied bx he kicked fu nounced dead trap was spr

they were pla 12 of their | were senténce at Mauthause All of the 1 of war crime court at Dac! Up to last! had been exe A prison of on the hangir wanted no pu want my wi floating down The first n lows was Wil pronounced ¢ his body sh He had beer reprieve to h The black } his head w snapped the hood was rep sprung. Two hours all 22 had be

Probe |

Of Loc

Maryland s investigating Indianapolis body was f tourist cabin Papers in } victim as Mr 40, of Baltimd husband, Cla the 4600 bloc Police wert Buchanan at dress, althou an employee Co., 4041 Pro Company work last F absence. He planning to An attends noticed smc siyucture an body lying ¢ Maryland s formed.

JAPS GET ( TOKYO, M first Christia yama, said needs a coali will not. hes: without the groups cont port. Times |i Amusements Eddie Ash , Business ... Carnival ,.. Classified .. Comics .... Crossword . Editorials . _ Pashions Forum ..:.. Meta, Giver Hollywood Indiana Sag Inside Indy

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