Indianapolis Times, Indianapolis, Marion County, 30 October 1947 — Page 21

a letters upies and radio spapers have er during the » Times gave olice turning ng comics as host.” Police

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17 Investment Your Candidates es In Trust Suit

sociation of America.

“stock, bringing in other banking| as City Clerk.

AY, OCT. 30, 1047 _

Tages

Firms Named For City Clerk %

& «

a ——. THIS 1S THE LAST of a series of stories concerning the programs, | qualifications and personal backgrounds of candidates running for the! City Council and City Clerk in the municipal election next Tuesday. | . The reviews today are on the Democratic and Republican candi-| U. S. Charges Bankers dates tor City Clerk. Preceding stories dealt with all candidates run. ning .

Curb Competition

for the City WASHINGTON, Oct. 30 (UP)— The government today accused the leading Wall Street investment! bankers of conspiracy to monopolize, the financing of Ameri¢an industry.’ The Justice Department filed an’ anti-trust suit in New York against 17 top investment banking firms and the Investment Bankers As-

The suit charged that the bankers conspired to restrain competition in“acquiring and selling new stock and bond issues. Charge Investors Handicapped, Too The government charged that this handicapped “both the companies, which issued the securities and the) investors ‘who ‘ultimately bought!

them, hi The government charged the oy he batikers agreed Song Shemselves, § oy | : Ad 8 h 0 buy up and sell new stock issues . through banking syndicates. ‘Frank J. Noll Jr. [Richard G. Stewart

Under this method, when a new| EXPANSION OF SERVICE on! AN ADMINISTRATION OF HARissue of stock was offered to one/the codification of city ordinances MONY in city government and investment firm, it would form a was pledged by Frank J. Noll Jr, guaranteed service to the public syndicate to buy up and market the Republican candidate for re-election was advocated in the campaign |statement of Richard G. Stewart,| firms. Then each member of the| “I propose during the next term Democratic candidate for City Clerk. | syndicate would offer the stock for|to provide proper supplement of all] “My administration as clerk of sale at the same price. {new ordinances to the codification of the City Council will be based upon | The government said this was an ordinances in a manner similax to the thought that I represent all the unreasonable restraint, since it re-|our state laws,” he said. “I will con- people of Indianapolis,” he said. stricted the price terms and conai- tinue to supply at all times infor-| “My legal education and adminis-| tion on which the stock was sold to mation to the public on all city or trative experience qualify me to per-| the public. dinances.” form the duties of the office.” Attorney General Tom C. Clark s =x = | Mr. Stewart has practiced law| sald the sult sainst the DARKE'S| MR. NOLL HAS BEEN ACTIVE here for 14 years after graduating was one of the most important ac-|,, gepyplican politics ere for wnany| from Butler University and Benja-| tions ever taken under the Sherman hool Anti-Trust Law years, {min Harrison Law School. . - He is a®graduate of Notre Dame] . = 8 ‘Equal Competition’ Sought |University and Indiana University) HE SERVED OVERSEAS during] The government asked thé Fed- Law School. He is a member of the last war for 13 months and was eral District Court in New York:to Knights of Columbus, Moose lodge, | released from the army with the]

+ issue a series of injunctions de-|Notre Dame Alumni Association, rank of colonel in the field artillery.

signed to break up syndicate opera-| indianapolis Camera Club and Lit- | i 3 “ He resigned as a member of the, tions on new security issues “in/{je Flower Catholic Church. | Marion Sjeney Liquor Board to run order to create equal competition] He lives at 1403 N. Gladstone or tne City Clerk post. He has| | . |

in the investment banking field.” \ Under the government's proposal, | heen ave oi Jolie

Ave, hie defendants would be forbidden " ® aid in the sheriff's office during the! join with each other in sych syn- lia er in | Oe A Pons ans] dicates. They would be barred from B odie ond dtomm interfering in any way with the) , once was a deputy Pp right of an issue of securities to se- . aSseSI0N lect the method and means by 0C ave | g He is a member of Masonic orwhich his stock should be sold. | y ders, Elks Lodge, Lambda Chi Alpha They also would be enjoined from Otis Johnson, 25, of 1715 Bundy| Tet: Alterican Legion, Tdi» refusing to compete. in the purchase Place, said today that a quarter in ana 8 : : of any stock issue because some! » q |dianapolis Bar Association. other investment banker had always Dis shirt pocket saved his life. | — | Johnson, authorities said, visited gt amen Rescue

handled that=firm’s business. The court also was asked to dis- Mrs. Lila Meyers, 2§14 Columbia! solve the Investment Bankers As- Ave, his former wife, yesterday and 4 ay sociation and prevent the formation) Wes relied | permission to take their, Lassie, 4 Pup * of any similar group. {baby out. The mother said the child * Mr. Clark said the government's had whooping cough. Johnson ett F rom Cistern action was important because finan- | but returned after an hour still I —— cing is necessary to make the ¥heels sisting on taking the child for a Lassie was back home today after of industry go round. He- pointed Walk. . /the Indianapolis fire department out that in the past 10 yeArs the, Mrs. Meyers told police that he .escued her and four offsprings 17 accused firms have handled 69 had been drinking, that they started 5 tern per cent of all the security issues to argue and that she pulled out a from an ash-filled cis > sold through syndicate methods, |32-caliber pistol and fired two shots Defendants Listed | when he picked the child up. -- Defendants were named as fol-| Johnson staggered ou! the front way. Yesterday Melvin's mother, | lows: {door and was later found with just/Mrs. Clara Bell Conrad, appealed | Morgan Stanley & Co.: Eastman, Dillon a flesh wound. The other bullet was to firemen at nearby Engine House | & Co Kidder, Peabody & Co, Aman. imbedded in the ‘coin in his shirt 8 for Telp. 1 Barney & Co.; Glore, Forgan & Co.; White pocket. Both were arrested on She said the collie took four pup-|

Ww .; Drexel Co.; M B og Cot Read ec Ie Ba A vagrancy charges. pies and crawled under the house. | Then all five dogs fell into a cistern

Pine Harriman Ripley & Co. Inc; ———————————————————— Stone & Webster Securi tes Corp.; Harris, - . nis Co. Inc; and Union Securities |and began choking from the ash Investment bankers, in general, {dust. | purchase new securities issues from | Firemen removed Lassie and the issuing corporations, and then g g® . {family and all were doing as well sell them to secprity dealers and | | 0 Cl d gf as could be expected until a neighinvestors. ‘ |bor, Mabel Brown, started to carry Harold Stanley of Morgan Stan-| 'some water to the dogs. She tripped ley & Co. issued a’ statement say- |. “ONDON, Oct. 30 (UP)—SUrong .;4 to] on Mrs. Conrad.

ing the government Charge of indications arose today that the General Hospital ambulance atrestraint of trade is “utter non- American Embassy here had re- aches treated Mrs. Conrad.

mpg! iro St Lo [ceived word that Stanislaw Mikol-| ges just are no ue,” : » i he said. weak, Polish oppostion leader, | jayor Dealers Get was safely out of Poland. |

c—————— i . . Rider Falls Under fo en ein id he Election Warning Wheel of Truck lajezyk’s whereabouts now. He re-| Indianapolis liquor dealers were J Woolerid 39 r opgg fused to answer, even unofficially, warned today ty the Marion Counames Woowriige, rv.9 'when asked if the embassy had ty Liquor Board that a state law Clifton St., is in fair condition in'p.an assured of his safety. . : General Hosiptal after being run! prohibits permit holders from con- | The Embassy clue tallied in the {jp ting directly or indirectly to) over by a one-ton pick-up truckimgin with guarded hints from a unv political party early today. ® {number of other sources that the popert S. Smith, liquor board running board of a truck driven by|Chosnt Party chieftain who dis-| president, in a lettér to liquor Ii George H. Woods, 1334 Yandes gi i0ieared lust Welk Led ox ito conse WOldets, sa’ ews | when he lost his balance and fell giates, Re a Fobra in the driveway of the Alling| : 0 lefaln molvua 8 sation a ad W. 16th 8t. The left FOUND SHOT TO DEATH tw 4 AT Sayer he ruck passed across Russell Jackson; 81, of 3103 S. of value from license holders.” . Rural St, was found shot to death “Violators of this provision will {at his home today. A 22-caliber rifle, be dealt with accordingly,” Mr. {was found béside the body, | Smith said.

Local Library Group | To Hear Chicagoan | CROSSWORD PUZZLE Radio Stor

» Dr. Stanley Pargellis, librarian of! the Newberry Library in Chicago, will address the dinner meeting of the Indiana Chapter, Special Libra-| ries Association, at the Lincoln Ho-| Introduced by John Moriarty, 1,6Pictured 1 Aches Purdue University's director of libra~_.. radio person- 3 Herons

LVIAY IL ICS AIRIEION IA] CIC IL ME | SERRE IM RAT THE SIPIALTIE LS ERCIA IM (=r CoMOND SIAITIE] i | OIG EI SIEDMONDIEIA IRIE TO! SIO) CM

LAL Af

ries and president of the Indiana ality 3 Became larger [EIQISIERN. AM; chapter, Dr. Pargellis will speak on! 13 Concurs, 4 Tapuyan RE Se LH sodn

SE RIEINIET INIALLLL EID!

“Our Innocent Arsonists.” The sub- 15 Strict SB ject concerns unintentional destruc- 16 Anger 6 urglar (40 ey A= Eleiici ALTA Hon af valuable historical docu-|. 4n arent *r) $ Dutch seam 27 Hops’ kiln 43 French city mens. 19 Before Bare 28 Scottish 44 Former 20 8 Employs sheepfold 45 Symbol for ‘Wild-Eyed’ Offender Novel 9 Delirium 29 Auricle / samarium bs I 21 Gazelle -tremens (ab.) 30 Disencumber 46 Hypothetical Grabs Hotel Worker | 22 Electrical unit 10 0oze 31 Hawaiian structural A 26-year-old downtown woman 23 Cushion 11 Wandering pepper "units hotel employes wus grabbed BY 4/34 Street (ab.)". 12 Poverty. De Sheed sone! man as she waited for a trolley at| 25 «Empire stricken 37 Prattles 51 Ma :

25th St. and Central Ave, yesterday. State” (ab.) 14 Theater sign 38 Oriental guitar {ab.) * She oid police bie med man! 26 Painful (ab.) 40 Wading bird $4 Of the thing rushed . | ; pr led he hurled profane, 30 Transported 18 Rough lava 42 Emmets 56 Railroad (ab.) insults at her. 33 Ocean The woman saw the trolley ap-| 34 Yellow bugle proaching and broke loose. As she| Plant / got aboard the trolley he fled. She, 35Brain passage sald he was middle-aged and wore, 36 Slightly wet overalls and a blue denim jacket, | 38 Symbol for tin

39 Red Cross Chrysanthemum Show | a To Mark Flower Week | 43symbol for

2 cerium National Flower Week in Indian 45 Court title

apolis next week will be highlighted 3 Nov. 7, with the opening of the, wm Ra City Park Department's annual gomaag um Show at Garfield, 52 Station (ab.)

Members of the Allied Florists also has Association of Indianapolis are tak- hg

THE INDIANAPOLIS TIMES

IT'S BLOCK'S FOR LAWN CLEANER-UPPERS

. ' - LAWN BROOM 1.00 There's a mighty sweep fo its 20 spring.steel tines, and it makes quick work of that daily leaf fall. :

"PELICAN LAWN RAKE 195 Gon the broon® one better and picks up the leaves as it rakes

them, with Pelican capacity.

PICK-UP CART 8.50. For hauling leaves, fertilizer, peat moss and such. All.steel with

rubber fires. Body, green with orange trim, 20" high, 19" wide, 28" long.

DYNASWEEP 32.50

Revolving brush scoops leaves and trash from the lawn and sends them flying back into the large hopper. Sweep sidewalks and driveways, too, by lowering the brush, Steel, with rubber tires, heavy canvas hopper with galvanized steel bottom, 4-bushel

capacity. ww

BLOCK'S Garden Spot, Fifth Floer

Lassie is a collie, owned by 3-! year-old Melvin Conrad, 847 Broad- I

licks

. “3g

. STORE HOURS: Monday through Saturday, 9:30 te 5:00

DEXTER TWIN TUB WASHER

Changes Wash Day to Wash Hour

188.00

No pre-soaking, just dump clothes in first tub of rich, lukewarm

suds and Dexter's Coro-Vane agitator gets out 809, of the

dirt right now. Wring clothes inte clean hot suds of second

tub, with same type agitator. A blue rinse and you're done,

in an hour or less!

BLOCK'S Convenient Terms, / Liberal Trade-in Allowance

11th and Meridian 1107 Shelby

ESTATE HEATROLA

The Original Cireulating Coal Heater

154.75

Long envied by other heating stove lines, Estate is the whiz of

the industry. MW heats the floors as well as the ceilings!

Intonsi-Fire Air Duct One-Plece Ash Pit

Jointiess Oast Iron Combustion Chamber

Large Extra Heavy Firepot

On Our Fifth Floor and at Our 4 Branch Stores

424 N. lllinois, 8634 E. Washington

Delivered and Set Up In Marion County

Ped-a-Lover Feed Door Clean-Easy Enameled

Finish

Doors on Both Sides for Direct Heat

Rated Heating

Capaoity 1,150 Ft.