Sapulpa Herald (Sapulpa, Okla.), Vol. 18, No. 193, Ed. 1 Saturday, April 16, 1932 Page: 1 of 6
This newspaper is part of the collection entitled: Sapulpa Herald and was provided to The Gateway to Oklahoma History by the Oklahoma Historical Society.
- Highlighting
- Highlighting On/Off
- Color:
- Adjust Image
- Rotate Left
- Rotate Right
- Brightness, Contrast, etc. (Experimental)
- Cropping Tool
- Download Sizes
- Preview all sizes/dimensions or...
- Download Thumbnail
- Download Small
- Download Medium
- Download Large
- High Resolution Files
- IIIF Image JSON
- IIIF Image URL
- Accessibility
- View Extracted Text
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
UNITED PRESS
Pull leased wire service of the United
Press U received by The Herald
SAP
ALD
***„ CircuL-
March, 1932
3309
VOL XVIII. NO 192
SAPULPA HERALD. SAPULPA. OKLAHOMA SATURDAY. APRIL 16. 1932.
FOUR DOLLARS PER YEAR
TWO COURT
TESTS ARE
SCHEDULED
• --
Penitentiary Projects
and Wentz Affair Are
Major Controversies
Now.
IT IS PAV DAY FOR
PRECINCT REGISTRARS
Funds ure now available lor the
payment of precinct registrars who
served during the registration period
prior to December 18 last year. It
was announced here today by tEeigle
Ritchey, county registrar.
Precinct registrar* in the cities of
the county are entitled to three cents
for every' name registered, and those
tn the rural precincts are entitled to ci I • Li
a five-cent fee lor each n.une Checks Strange Llgnl DcIlcVeu
lor their services may be obtained
by precinct registrars at 202 Clayton
building.
FLARE IS
BURNED AT!
HOPEWELL
Rye Straw Sayings
By GEORGE BINGHAM
Bara) Reporter
OKLAHOMA CITY, April 16 (IP)—
Two court tests will mark Die next
turn In major controversies ot Oov.
W. H. Murray's administration.
Chairman W. C. Hughes of the
board of affairs said the state supreme
court will be asked to rule on legality
of Murray's pet sub-penitentiary pro-
ject in Atoka county.
District court hearing is set lor
Tuesday In the governor s ouster case
against Lew H. Wentz, deposed re-
publican highway commissioner.
The governor today was looking
aliead to a third court test, which
he said would determine when he will
call an election on Ids proposed new
income tax and free textbook bills
The initiative measures .will be
placed on the ballots lor the July $
or July 26 primaries, or the November
8 general election, he said, depending
on "when the supreme court gets
through with It.”
Hughes said the board will take no i
steps to contract for spending money
on the sub-prison He said the gov-
ernor agreed state auditor Frank Car-
ter was right in rejecting the sub-
prison claims after attorney general
J Berry King ruled the project illegal
Hughes indicated correctness of the
opinion would be tested In a manda-
mus suit against Carter.
Oeorge A. Henshaw. at the Murray-
for-presldent headquarters here, to-
day vigorously denied the governor
will drop his plans for going to Ohio
and West Virginia late in April.
Ccnqdracy Alleged
"All these movements are Just a
part of a conspiracy to embarrass the
governor through the acting of Robert
Bums as acting governor.” Henshaw
said.
"Of course Murray will go to Ohio,
His campaign for the democratic presi-
dential nomination will be carried
on with renewed vigor.” he said
Murray Indicated the extent of his
■peaking campaign will depend on
whether he decide* to write a book
on "What I Would Do If I Were
President." He said he had about de-1
elded to write the book, and if he j
did he wouldn't have much time for I
speaking.
When asked if he knew that L. E |
Phillips of the Phillips Petroleum Co ,
was a stockholder and Frank Phillips. |
a director of the Manufacturers Trust
Oo , the state's fiscal agency when J
Murray' designated the dtatham-
Phenlx bank as the agent. Murray re-
plied he wasn't Interested in who
owned It.
Speeding home this week from
Oregon. Murray charged that acting
Oov. Bums went to Bartlesville to
consult the Phillip* officials on "how
to run the governor's office.”
Hearing Tuesday
Attorneys for both sides said they
exi>ected no new developments in the
Went* ouster case until the hearing
Tuesday.
Miss Maude O. Thomas, commis-
sioned by Murray to succeed Wentz j
filed an injunction suit to prevent
Went* inter!erring with her as com-
missioner; Wentz filed a cross peti-
tion asking she be declared a "usur-
per." Miss Thomas attorneys are j
expected to file a reply the morning
of the trial.
In another state problem, the Pur-
ee 11-Lexington toll bridge dispute,
Murray said negotiations could be
opened to purchase the toll span or
build a new bridge
He charged Wentz and officials of
Cleveland and McClain counties with
“playing politics” In the case. Murray
said he has no hope of the state
winning in the protracted court light
to take over the bridge under its
20-vear expiration charter.
Further conferences between Murray
and his highway commission were ex* |
peeled tins week on the federal road
aid question Chairman Sam R
Hawks of the commission Indicated he
and commissioner J. F. McKeel will
not go to Washington to protest with-
drawal of the funds until the Wentz
case Is settled.
Wilmington Girl
Reported Victim
Of Kidnap Band
W1LMJNOTON. Del., April 16. <IP>—
Nine year old Hilda Brodsky lias been
threatened with bodily Injury, police
believe, in what they say was a ran-
som note mailed special delivery to
her wealthy father by supposed kid-
napers In Wasliington. I> C
The girl did not appear at school
Friday morning, and so far as Is
known, lias not been seen since, al-
though attorneys for her hosiery
manulacturer fattier announced the
kidnaping report is only a rumor."
Harry Brodsky refused police at-
tendance when they arrived to inves-
tigate the supposed kidnaping And
today he declined to confirm or deny
the kidnaping story.
He asked newspaper men to publish
no reports and not to telephone, "so
I can keep this line open.”
Brodsky s attitude Indicated he pro;
posed to bargain with the supposed
kidnapers.
Threats Made
The special delivery note was under-
stood to threaten harm to the child
II the police were notified, or If ran-
som was not paid.
The manufacturer evidently fright-
ened by the activities of the Lind-
bergh kidnapers was extremely cau-
tious fn his dealings both with the
newspapers and police. Brodsky has
two other daughters and a son.
Harry Rubenstein. Brodsky's attor-
ney, was reported In New York on a
secret mission He sent a message
to Wilmington newspapers declaring
the kidnaping report "is only a
rumor and should not be published ”
He added that Brodsky did not desire
“any article to appear in the papers''
Mayor Frank C. Sparks, of Wilm-
ington. announced he would call a
conference of the department of safety
today to co-ordinate police activity In
the case. It was known that a rela-
tive of Brodsky had been questioned
by police.
A description of Hilda was sent to
New Jersey and Pennsylvania police
for transmission on the police tele-
type. It was said that when last seen
the child wore a blue chinchilla coat,
blue angora hat and light stockings
To Have Connection
With Plan for Return
of Lindbergh Child.
HOPEWELL N. J.. April 18. (IP>—
A magnesium flare lighted early today
at the home of Col Charles A. Lind-
bergh atop Sourland mountain, illum-
inated the countryside for miles, and
led observers to believe it was a
signal having a significant bearing
cn efforts to return the flier's kidnap-
ed son.
State police at Trenton said a
state trooper stationed at the Lind-
bergh home had found the flare
yesterday. It was described as being
an old one. a "dud " The trooper
decided to test It. so shortly after
midnight lie took it into the yard and
lighted It.
An aviation expert at Hopewell said
the flare was of the type designed
for parachute landing at night, cost-
ing from $50 to $75 each. He esti-
mated it could have been seen from
the air sixty miles distant and from
the ground for 20 miles.
The lighted flare climaxed a night
of more than usual activity at the
Lindbergh home Several visitors were
admitted.
Among the late arrivals was a small
coupe carrying two men The license
plates on the car were covered with
cloths One of the occupants re-
sembled Dr. John F. Condon, "Jafsie"
negotiator
Girl Is Admitted
Shortly before the couple arrived, a
Rirl who Identified herself as Greta
Gray, 28. of Minneapolis, a friend of
the colonel's mother, was stopped by
troopers who telephoned the home.
Miss Gray was permitted to enter
Immediately. Her visit was said to
have no connection with the kidnap-
ing search The flare was set off five
minutes after she departed
Earlier in the night Samuel Krashow
and Martin Bernstein, operatives of
the Central Detective bureau, of
Brooklyn, drove up to the estate. They
said they had an appointment with
Lindbergh, but when asked about their
connections with the case. Bernstein
remarked cryptically
"Our activities are of such a deltcatd
nature that to discuss them might
cause serious Injury or death of the
child."
In the metropolitan area Condon s
activity continued Col Henry Breck-
inridge Lindbergh's legal advisor, was
at Condon's Bronx home throughout
yesterday afternoon. During some of
his time Cbndor was absent. In one
instance to deliver one of his lectures.
In Norfolk, the three negotiators
FIVE DAY
WEEK IS
FAVORED
President Hoover Points
To Shorter Working
Week As Means of
Increasing Employ*
ment in Nation.
TWO DEMOCRATS FILE FOR
COMMISSIONER IN DISTRICT 3
Two democrats, J. H. Walker, of
Newby, and S. B. Johnson, of Bris-
tow. filed here today for county com-
missioner from district three, ac-
cording to H. I. Dean, secretary of
the county election board.
Finis Walker, democrat, of Drum-
right. filed late yesterday afternoon
for county attorney. E. H. Snider,
who filed yesterday, is running for
justice of the peace in division two
instead of division one as was an-
nounced.
Poke Eazley says it may be a per-
son's spiritual duty to say his prayers,
every night, but it is also his earthly j
duty to wind the clock, put out the \
cat and button the door.
• • •
The Mail Carrier says his Job Is
about like all others wlvere the public
has to be served As long as a per-
son gets mall every time he wants
it, he praises the mail carrier ,but
when he don't get some mall, he says
there should be a change
• • •
Cricket Hicks called on the Calf
Ribs Widow Sunday afternoon, and
stayed a right smart while after he
had run out of something to talk
about.
SAPULPA PUPILS
WIN HONORS AT
TULSA CONTESTS
She was described as a nervous child _________
with light brown hair and blue eyes. j m^muined their ’optimism Rear Ad-
- I mtral Guy H Bun-age and John
r\1 T'rrtrkTVD D A nnCM 1 Hughes Curtis, who returned from a
UU 1 DUvJK DAl 1 ioM feur dav trip early yesterday, report-
RITES TOMORROW £
- Dobson-Peacock, the other negotiator,
Sapulpans will have an opportu-1 gave new assurance of the infant's
nity to witness an outdoor baptismal safety
service when the pastor and members
of the Second Baptist church gather
at the dam below the Willlbey bridge —. . v nrrv, iptiaw
at 2 30 tomorrow afternoon At that I A A KLLHJL 1 1LMN
time the pastor, Rev. L S Chambers,
will immerse a large number of can-
didates, converts of the revival now-
in progress and which closes tomor-
row night at that church.
It was first announced that the
Hundreds of students from Sapulpa
with their sponsors were in Tulsa
today participant,,.; in the eighth an-
nual interscholastic music meet of the
University of Tulsa, held there yester-
day and today. Group events were
scheduled today with individual event*
last night.
Peggy Todd, senior, was awarded
first place in tbc alto solo group last
night in the finals after eliminating
18 representatives from other schools.
Catherine Cummings, went to the
final* in the soprano solo and was
given second place after eliminating
21 other singers
Louis Webb placed third in the
baritone aclo last night with 13 others
entered.
The other place taken by local stud-
ents was the girls' quartet, awarded
third among 15 groups Winnings of
other events were not known here to-
day.
Today all bands entered In the con-
tests will play a massed concert under
the leadership of N De Ruberus.
j former leader of the Kansas City little 1
I symphony orchestra. This event will
be on the lawr. south of Tyrrell hall at
the University of Tulsa sometime
before 6 o'clock.
Band and orchestra oontests were;
to have been held this morning at j
the Harwell gymnasium The glee |
clubs were to appear this afternoon
The winners In the finals In this
contest will participate In the state
contest. The vocal numbers will be|
held at Stillwater on May 6 while the
Instrumental contests will be staged
at Norman. April 29.
GRQUPS MEETING
OKLAHOMA CITY. April 16 OP>—
Coordination of state tax reduction
organizations and formation of a
service would be held at the Hickory j unified plan of campaign were ex-
street bridge, but the location lias pected to result from the meeting of
been changed owing to the fact that more han 60 groups here today
the new location Is better adapted ! C. H Hyde, vice president of the
Those attending should drive west on ! Oklahoma Tax Economy association.
Taft street until within a short dis-: will preside at the meeting, wlthdraw-
tance of the Wlllibey bridge. Then ing after a new association of state,
turn south to the dam where there coulity and city tax groups is form-
ts plenty of parking space. The pub- i ed. Object of the state meeting, he
OUR WEATHER MAN
lie ls Invited.
said, is to fuse the tax groups Into
a common clearing house and avoid
duplication of effort
Principal speaker will be John E.
and Brindley, tax expert, who has been
SAPULPA WOMEN
TO BE HONORED
Two local women will be honored
next week at the Oklahoma State
Federation of Women's clubs conven-
tion at Oklahoma City. It was learned
here today.
The women are Mrs. Frank C,
Higginbotham, who will appear as a
speaker Tuesday and Mrs O. R. Shaf-
fer. who will attend a special dinner
given for past district presidents.
Mrs Higginbotham will speak at the
dedication of a rc*e garden Tuesday
at the governor's mansion The pro-
gram will be followed by a tea
Mrs. 8haffer will attend the dinner
that will be staged at the new Btlt-
more hotel on Wednesday evening
She served as president during the
year of 1927 and filled a i>ortion of
another term during the year of 1929
tar ank at Strata ottk*
WEST'S FATHER DIES
Mr and Mrs Edgar West
daughter Mary Jo will leave tonight employed to make a year's study of
for Ash Orove, Mo. where they were governmental costs In Oklahoma.
called by the death of Mr West's -
father, J. W. West. The elder West Harry Wolfe, of Bristow, president
died after an illness of four wpeks. of the Creek County Taxpayers Asso-
Both Mr. and Mrs. West were well cialion. ls representing Creek county
known here having visited with friends at the meeting of tax reduction organ-
many times. lzaUcns at Oklahoma City today.
WASHINGTON, April 16. (IP> —
President Hoover favors general adop-
tion cf a five-day working week as a
major means of increasing employ-
ment and re-establishing American
business on a firm foundation
He believes the groundwork already
has been laid lor business advances
which can be consolidated and ex-
tended by adoption ot the five-day
■week.
Pointing an example to the rest
cf the country, the president is
urging establishment of a five-day
week in the nation's biggest business—
the federal government. He has made
this tlie cardinal point in his govern-
mental economy and reorganization
program It would provide federal
jobs for perhaps 35.000 additional per-
sons and at the same time reduce the
total payroll about $90,000,000.
Mr Hoover feels that concerns now-
operating full time would do well to
follow this example. As business
picks up for those now running on
shorter schedules, he believes the five-
day weeks should be persistently ap-
plied until all unemployment is ab-
sorbed.
As to the prospects for business re-
covery, the president holds that pes-
simism cf recent weeks has been
greatly exaggerated. He believes the
time has ccme when definite advances
can be made if resolute courage and
confidence are maintained.
Import factor
The most important specific factor
in this belief is his conviction that
the banking crisis is definitely over.
Mr Hoover is convinced also that the
$2,000,000,000 veterans' bonus will be
killed.
He believes the new tax bill will be
passed soon and will not serious,y af-
fect business.
Balance of the federal budget ls
assured
These are favorable Indications
which the president believes have
been overlooked.
Application of the five-day week
principle to the government service
was the leading point in a new
--omnibus'' economy bill which budget
director Roop in behalf of the white
house submitted to the special house
economy committee last night.
The plan calls for a straight five-
day week for those who work by the
day. Saturday already is a half holl-»
day, so they would l06e 52 half days
cr 26 full days a year. All who work
by the year and are paid more than
$1200 would be compelled to take four
weeks vacation without pay.
■Hie president estimates this plan
not only would effect a saving of
$90,000,000 a year, but would enable
the government to take on between
30,000 and 35.000 additional employees
The economy committee's proposed
flat reduction in salaries would create
no new Jobs.
The house committee met today to
go over the president's economy plan
It expects to lay before the house
early next week a complete bill pro-]
vldlng savings totalling at least $200.-1
000,000—the amount needed. In addi-
tion to the $1,000.000 000 to be raised
in new taxes to balance the budget.
Oil Importers
Testify Before
Senate Group
WASHINGTON. April 16 (IP)—'The
known oil resources of the United
States will "last a scant decade." im-
porters cf foreign oil told the senate
iinance committee today.
They were testifying in opposi ion
to the proposal to levy an oil tarlft
V part of the new billion-dollar
revenue bill.
F**ul H. Harwood, vice president of
the Pan American Petroleum and
T-anspon Co., which operates v’ene-
/.ui,an oil wells, denied the 42 ecu's
a barrel levy proposed in the re.enue
bi/1 would produce the estimated rev-
enue if that foreign oil is produced
with “cheap Peon labor.'
Citing dec-eased oil imports In 1931
and increased mid-continent field
production, Harwood said that the
"cheap crude which is swamping the
American market' comes not from
abroad but from "the east Texas field
forming part of the territory sought
to be protected by the proponents of
a tariff.”
Harwood estimated the one cent a
gallon levy on imported gasoline would
cost the American public $200,000,000
a year, "a large part of which would
be paid by the farmers.”
Twenty major companies controlling
95 per cent of the 621.000.000 barrels
cf oil stored In the United States
would get most of the $200,000,000.
Harwood said. Asserting that Ameri-
can capital went abroad in search of
oil at the request of the Wilson and
succeeding administrators, Harwood
fuid
"The producers of American oil
abroad have dene their part. Had
the domestic producers—the ostensible
proponents of this tariff on oil—done
as well, their problem would be
solved, our oil would have been con-
served in the only rational way, and
the price situation would have been
regularized accordingly.
"It is against this American in-
dustry’ in foreign fields that this tariff
is directed. Search as one will for
another American tariff aimed at
American industry. It will not be
found. Ninety per cent of all Im-
ported oil is produced by these Amer-
ican companies."
"A fair examination of the facts
shows that the proposed tariff will:
"1. Cause a deficit rather than
create revenue.
"2. Create a privilege for the major
companies that need no help.
"3. Raise the price of oil and gaso-
line to all consumers
"4 Penalize that branch of the
American oil Industry that has heed-
ed repeated official admonition and
urging to save the day for American
living standards by securing oil re-
serves In other lands '
GOVERNOR
TO NAME
HISSLATE
New Campaign Straight
Ahead, Murray Says,
'Like Dewey Going
Through Fleet* at
Manila.’
OKLAHOMA CITY. April 16. (LP>—
Gov. W. H. Murray today announced
he will name a slate of "favorable”
candidates for legislative races this
year.
Where two or more of his friends
are entered In one race, he said he
would "let them alone" in the pri-
maries. Murray said, however, that
all opposed to his program can ex-
pect to "get hell" from him.
"I'm Just waiting for them to file
and see who they are.” he said.
“Every damn one of them are now
swearing they are my friends. Even
Childers <C. C. Childers, corporation
commissioner seeking re-election) has
got it In a letter telling what a great
fellow I am. I guess he means It at
present "
Murray today said his new initia-
tive petition drive is not another
“firebell" campaign.
"It's a '.straight ahead' campaign.”
he asserted. "Like Dewey going thru
the fleets at Manila, were going
straight ahead."
The governor charged that those
who are organizing a state tax reduc-
tion league here today are merely
"trying to fool the farmers.”
Charge* Hyde
He charged that C. H. Hyde, leader
in the tax reduction movement, does
not care about it. but he is only doing
it for what money he can get for
organizing them Then he will resign
and let them handle it."
Murray said the criticism for ex-
cessive taxes this year should fall
more upon the local governments than
upon the state.
Gov. Murray said newspapers gave
an Incorrect account of his train
interview with Oov. George Dem o<
Utah
"The story about mv saying I didn’t
knew Dem was • mistake." said Mur-
ray. "Of course I knew him. and I
told him on the train who he was.
I didn't know he was a democrat;
I thought everybody from Utah was
republican.” * '
Murray said he ls starting an In-
vestigation of several persons "who
are going around the state represent-
ing themselves as my Investigator*.
All they are trying to do is get monev
from the underworld for what they
guarantee will be immunity."
OKLAHOMA CITY. April 16. (IP)—
Oov W H. Murray said today Lleuf,
Gov. Robert Bums' order stopping
w'-rk cn the Atoka county sub-penl-
tenttarv project was "by mistake."
At noon Murray had not dictated
his formal order reversing Bums'
articm but told newspaper men how
It would read.
"The executive order of acting-GOv.
B’-ms stopping work on sub-prison
protect in Atoka county was issued
becanre of a mistake in the facts
and is hereby revoked." Murray said
It would read.
CHICAGO AUTHOR
IS DEAD TODAY
OKLAHOMA: Cloudy tonight;
cooler central and east portions.
Sunday partly cloudy.
AUTO RECOVERED
An auto belonging to J D Outline.
10 West Taft street which was stolen
Thursday night was recovered by
officers near Mounds. The car was
stripped
Today * news today, tn the Herald.
INJURED WOMAN
NOT IMPROVED
Mrs. Oerge H Greife, Los Angeles,
woman who was injured yesterday in
an auto wreck near here, was re-
ported to be in the same condition
at the city hospital this morning, j
Her husband and daughter awre re-
leased from that institution yester-,
dav
Mrs. Greife received a seriou* head
injury when the car in which the
three were riding collided head-on'
with a truck driven by Dick French,
of Tulsa. The accident occurred
near Boa-den on the Tulsa highway
about 10:30 o’clock yesterday morn-
ing.
CHICAGO. April 16. <LP>—Walter
Noble Bums, newspaper man and
author, was dead today following an
emergency operation. He was 59
years old
Bums, who was best known for hi*
"Sage of Billy the Kid ' and other
stories of the old southwest, led an
active and adventurous life as soldier,
sailor, war correspondent and author
He was born in Louisville. Ky., and
entered newspaper work there at 18
He enlisted and served with the 1st
Kentucky Infantry In the Porto Rico
campaign during the Spanish Ameri-
can war After the war he sailed on
a whaling vessel out of San Francisco
for the South 8eas and the Arctic.
In 1916 as correspondent for the
Chicago Tribune, he followed General
Pershing's troops in the campaign
against Pancho Villa.
Story Of Fight For Insull Interests Is Told
CHICAOO. April 16 (LP>—The rise
and fall of a mighty business empire
, after a battle of years with the
Otts-Eaton interests was seen today In
'the receivership granted Samuel In-
sult's $2,500,000,000 domain
The battle had its beginning In the
tremendous bull market which ended
' in October, 1929, during which Cyru*
j Eaton and Ms friends started buying
into the utility filed.
What the end oi the story of that
battle will be is unknown. But both
Interests now are In financial trouble
And the colossal Insull system that fed
eleotric current from riverbank turbine
to the workshop and home In thous-
ands of communities is under the
guidance of federal court. Three re-
ceivers have been named—Samuel
Insull himself, Charles A McCullough,
a taxi and restaurant magnate, and
Edwin N. Hurley, financier
Similar protection is expected today
for Insull Utility Investments, Inc.
and Corporation Securities Co., of
Chicago Receivership of United Pub-
lic 8ervtce Co. of New Jersey, United
Public Utilities and Southern United
Gas Co, subsidiaries of middle west,
wa* effected yesterday.
Behind the deflation of middle west
securities from $57 in 1929 to 25 cents
and similar drops In the stock of the
Investment affiliates, Insull Utility
Investments and Corporation Securi-
ties Co, are two pictures
The first is that of hundreds of
well managed, busy Insull utilities
with stock that continues to earn
dividends and business that is well
maintained despite depression
Prosaic statistics and dull fiscal
report* that believe the emotion and
color of a battle waked with hundreds
of millions of dollars by emperors of
finance reveal the second
The background is the feverish
frenzy of the bull market which
October 1929 ended.
This was the struggle of Insull to
hold his utility dominion against the
Otis-Eat on interests of Cleveland.
These interests under Cyrus S Eaton
held a sway in steel and railways
comparable to that of Insull
The Eaten Investment Trust. Con-
tinental Shares Inc., seeing the utility
field as a profitable sphere, started
purchase of stock In the Insull operat-
ing concerns.
Insull sensed the threat to his con-
trol and poured his personal fortune
Into the combat. Each side had hun-
dreds cf millions available through
Investment affiliates. The balance
sheets of these corporations show the
tide of battle
Shares of the disputed utilities were
pressed upward until Commonwealth
Edison, Peoples Gas and Public Ser-
vice of northern Illinois, the richest
links in the Insull chain each sold
at well over $400
Insull organized Insull Utility In-
vestments, Inc . to buy stock in his
operating concerns In all It invested
$200,000,000. Eaton countered by in-
creasing the capttal of Continental
shares to $156,000,000 Insull organ-
ized Corporation Securities Co. of
Chicago. This brought $150,000,000
more into the fray
Backward and forward the tide
; wayed. Then came collapse of the
bull market. Both Continental and
the Insull trusts were gorged with
inflated shares.
The pressure on the Eaton inter-
ests. also threatened on other sides,
became too great in 1930 They cap-
itulated with exchange of Insull oper-
ating stock for securities of the Insull
Investment Trusts and cash.
But the strain of conflict and the
economic depression brought defeat
for both contestants. Eaton and his
associates resigned their control of
Continental shares, last April.
Insull was more fortunate, though
his personal fortune sunk in his In-
vestment Trust stock which retains
only nominal value has been dis-
sipated.
Today the balance sheets of the
combined Insull Investment Trusts
showed assets had dwindled $333,000.-
000 since their formation—withered
by the heat of a battle In which none
was the victor.
Baseball Result*
At Pre— Time |
NATIONAL LEAGUE
Pittsburgh---------00O 00
Cincinnati . ...... —Oil 20
Harris. Swetonic and Grace; John-
son and Manion
Philadelphia ____________________000
Bnxk'yn . 400
Cellins and McCurdy; Vance and
Lopez. .
Boat'll____________... 090 I
New York ----- 210 0
febold and Spohrer; Fitzsimmons
and H-gan.
AMERICAN LEAGUE
New York ... 501
Baton . 000
Pennock and Dickey; Mat; ayden,
W. Moore. Kline, Michaels and Berry.
St Louis 010 0
Detroit 000 0
Herbert and Terrell; Uhle and Ruel.
Washington 100 0
Philadelphia 010 1
Crowder and Spencer; Orove and
Cochrane. Simmons homer last 4th;
Cramer homer last 2nd.
N. U. AIRPORT HISTORICAL
LISBON, N H OP)—Pew airports
have a greater historic background
than the Coblelgh airport Used as a
camping ground by the St. Francis
Indians in the 17th century, used as
a muster ground by the 23rd regiment
of the militia In the 18 century. Cob-
leigh meadow” now accommodates
air traffic. Gunthwaite Chapter. D-
A. R„ plans to erect a monument at
the airport to commemorate Its his-
torical associations.
HOSPITAL NEWS
B W. Kent underwent an operation
at the city hospital last night.
RATTLER EXCITEMENT FATAL
CALISTOOA. Cal. (IP)—Excitement
engendered by killing rattlesnake*
caused the death of David D. Evey.
67. at his home near here recently.
Evey was a member of a prominent
i California pioneer family.
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Matching Search Results
View six places within this issue that match your search.Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Young, John W. Sapulpa Herald (Sapulpa, Okla.), Vol. 18, No. 193, Ed. 1 Saturday, April 16, 1932, newspaper, April 16, 1932; Sapulpa, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1522473/m1/1/?q=j+w+gardner: accessed June 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.