The Indianapolis times. [volume], June 06, 1933, Home Edition, Page PAGE 7, Image 7

About The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965

Image provided by: Indiana State Library

                
'JUNE 6, 1933
MORGAN’S UTILITY EMPIRE
CONTROLS MORE THAN HALF
OF NATION’S LIGHT, POWER
Handful of Wall Streeters Could Demoralize
Whole Country by Stopping* Service;
Operates on $15,000,000,000 Capital.
Hy Scrippu-Moirard Setttpaprr A lli'inm
WASHINGTON. June 6.—The Morgan utility empire produces and
sells in thirty-six states more than half the electric light and power of
the United States.
It operates on a fixed capital roughly estimated at fifteen billion
dollars—five times the federal government’s annual budget, more than
one-third of the country's estimated annual income, and larger than the
world's entire stock of monetary gold.
The Morgan-created United Corporation is the biggest utility in-
vestment company in the world.
It links together in joint and
tangled ownership five powerful
holding company groups and many
lesser ones of its own; and also the
whole Electric Bond and Share
system—the world’s second largest
utility empire, and the Insull
system, ranked third in size.
If the handful of New York men
who control the vast network of
power lines and power plants linked
together through United Corpora
tion should decide to shut down
their motors—stop service suddenly
the entire nation would be de
moralized.
Manufacturing plants would close,
trains would stop running, food sup
plies would run short, city dwellers
would be left helpless. It would be
interesting to see what the gov
ernment could do about a situation
like this.
In less spectacular fashion, the
Morgan utility empire has ignored
the mandates of both federal and
state governments for years past,
escaping federal income tax pay
ments, organizing to avoid anti
trust laws while achieving the ends
those laws sought to prevent,
Heavy Stock Holder
United Corporation owns large
blocks of stock in the following
holding companies:
United Gas Improvement Com
pany which owns, among others,
Philadelphia Electric and Con
necticut Electric Service.
Niagara Hudson Power Corpora
tion which owns half a dozen big
New York power companies.
Consolidated Gas which owns the
New York Edison Company, Brook
lyn Edison Company, Westchester
Lighting Company, Bronx Gas and
Electric Company, United Electric
Light and Power Company, New
York-Queens Electric Light and
Power Company.
Firm Grip on South
Commonwealth and Southern,
which owns the Alabama Power
Company, Georgia Power Com
pany, Ohio Edison Company, Ten
nessee Electric Power Company,
Consumers’ Power Company, and
many others.
Public Service Corporation of
New Jersey, with several subsi
diaries.
Columbia Gas and Electric Com
pany which owns Cincinnati Gas
and Electric Company, United Fuel
Gas Company, Union Light, Heat
and Power Company, Ohio Fuel
Gas Companv, Manufacturers Light
and Heat Company, and others. \
Through joint ownership of Amer
ican Superpower and Common
wealth and Southern, United Cor
poration and Electric Bond and
Share are linked together.
Each company owns stock of the
other, also.
Jig-Saw Puzzle Effect
Officers and directors are inter
locked into a jig-saw puzzle effect.
United Corporation's directors are
directors of J. P. Morgan & Cos.,
Bonbright Cos., Electric Bond and
Share, F. L. Carlisle <fc Cos., Com
monwealth and Southern, Columbia
Gas and Electric, Public Service
Corporation of New Jersey and
United Gas Improvement Company.
Electric Bond and Share's contri
bution to the great empire is made
through five large holding com
pany groups, American Power and
Light, National Power and Light,
Electric Power and Light, American
Gas and Electric, and American
and Foreign Power.
The Insull tie-in comes through
stock ownership of Midland United
Corporation by United Gas Improve
ment. Midland United is a subsidi
ary of Middle West Utilities.
Bar v -tiam
■ §§? & ss*-' v J *3B|
They talk while you EAT!
Kellogg’s Rice Krispies ac
tually snap, crackle and
pop in milk or cream.
That’s the cheery' message
you get as you enjoy the
delightful flavor.
Nourishing, toasted rice.
Easy to digest. Tempting for
any meal. Made by Kellogg
in Battle Creek.
Listen!—
yetkuntfif
f£pnl
RICE g
KRISPIES |
r.J/
8 LEISURE HOUR
CLUBS TO MEET
Three Groups to Gather
Tonight; Manual Band
to Give Concert.
I.KISI RK HOI R CALENDAR
TONIGHT
Garfield Park Open Air Theater.
Olympic Club.
Mt. Jackson Club.
WEDNESDAY
Rrookside Park community house.
Rhodtus Park community house.
.1. T. V. Hill community house.
FRIDAY
Christian Park community house.
Municipal Gardens community house.
Garfield Park Open Air Theater.
The first of two programs to be
given this week by Leisure Hour
clubs at Garfield park open air the
ater will be held tonight. The Man
ual high school band, under the di
rection of Lon L. Perkins, will pre
sent a band concert. On Friday
night School 54 will present a three
act play in the open air theater.
Pupils of Mrs. P. B. Duvall will
give a variety program tonight for
the Olympic Leasure Hour club.
The cast will be in costume.
Sergeant Timothy McMahon will
have charge of a safety program
tonight at the Mt. Jackson Leisure
Hour club.
SEES SENSE OF HUMOR
AS NEED OF ADULTS
important Characteristics Outlined
at Manual Commencement.
A sense of humor, stoic calm un
der stress, and self analysis were
given as the most important char
actertistics of a grown-up person
by Dr. L. A. Pittinger, president of;
the Ball State Teachers college, I
speaking at the commencement ex- j
ercises of Manual Training high j
school in Cadle tabernacle Monday
night. j
“Age, intellect or size alone do i
not mean that a person has grown |
up," Dr. Pittinger said. “The grown
up must have the ability to earn
an honest living if given an oppor
tunity and must have a sense of
personal responsibility. He must
maintain a sense of humor and
believe in the ultimate value of the
world.”
E. H. Kemper McComb. principal,
presided and Paul C. Stetson, super
intendent of schools, awarded the
diplomas.
FIND STATE LAW BANS
SMOKING AT COLLEGE
Statute Is Uncovered by Feeney;
Bars Rigid Enforcement.
Believe it or not, Indiana has a
state law which forbids smoking at
college.
It was uncovered today by A1
Feeney, state safety director, and
incorporated in anew set of rules
issued by office of Clem Smith,
state fire marshal.
The rule follows:
• Smoking in school buildings, col
lege buildings, gymnasiums or other
places of public assembly is pro
hibited. ‘No Smoking' signs will
be furnished free by the depart
ment.”
Feeney is a Notre Dame alumnus
and does not smoke, although he
says it's a common practice there.
He will not enforce the rule except
where crowds are gathered and
there is a fire hazard, he declared.
Hundreds Fish at Dams,
Land Bushels of Carp
Fishing organizations, clubs, and in dividual anglers are invited to send in
notices of njeetings and stories of the big and little ones caught in their favorite
fishing spots The Times will conduct a daily fishing column, with an added feature
every Saturday of interest to fishermen—an article on conservation of the state's
resources bv William F. Collins. Address all fishing column letters to Lefty Lee.
care The Times.
BY LEFTY LEE
WHILE the season is closed on all game fish, anglers by the hundreds,
unable to resist the feel of that tug on the line, are lining the banks
of White river. At Broad Ripple and Emrichsville dams, the fishermen
are continually at it and hundreds of carp, from three to ten pounds
each, are being caught every day.
Bass fishermen may sneer, but
the batttle put up by a five-pound
carp really is a thrill.
The added fifteen days in June to
the spawning season will pay big
dividends this year, as the recent
high waters proved a retarding fac
tor. Game wardens from all parts
of the state report a great number
of fish on the nests now.
The fish and game division of the
state conservation department is co
operating with the anglers in every
way, and in return should receive
the whole-hearted support of all
sportsmen in their efforts to make
the stream and lakes of the state
real recreation spots.
Prying a fisherman loose from
information regarding his favorite
fishing grounds is one of the hardest
feats on record. Sunday evening
the writer visited his pet spot on
Raccoon creek and the result was
twenty-two nice catfish for dinner
Monday.
Pishing and bowling seem to be
the mast popular forms of recrea
tion, th? list of star bowlers who en
joy the search for the elusive finny
tribe including Rex Dawson, Ed
HOST TO EDITORS
" r " ■ 1 ” ——
t
Walter W T . Aikens
Members of the National Edi
torial Association, in convention
here, were the guests with their
wives today of the Indiana rail
road, for an inteururban car
trip to Franklin as a tribute to
Walter V/. Aikens. veteran pub- *
lisher of the Franklin Star and
for fifteen years treasurer of the
association.
Special cars bearing the guests
left the Traction Terminal
at 7a. m. Breakfast was served
in the Franklin college gymna
sium, and afterward the guests
visited the publisher and Mrs. Ai
kens at their home, and also in
spected the office of the Star.
Mr. and Mrs. Aikens have at
tended every national convention
of the association and are well
acquainted with most of the mem
bers. He still is engaged in busi
ness direction of the Star, which
he founded forty-eight years ago.
CIVIC LEADERS
TO VISIT NEEDY
Fund Heads to Eat What
Jobless Are Fed at
Lodging House.
Eating what the unemployed eat
while being housed at the Central
Housing Foundation, 224 East Wa- ‘
bash street, members of the Indi
vidual Gifts Fellowship of the In- j
dianapolis Community Fund will I
meet at 6:15 Wednesday night at
the free lodging house.
The fellowship members will be
charged 5 cents a plate for the
same food served each evening to;
to city’s homeless men. They will j
sit on the same wood benches and
at the same long tables used by the
unemployed.
Formal attire has been banned
for the banquet.
The lodge will be toured follow- [
ing the meal.
A1 G. Feeney, state director of
public safety, will talk on state po- j
lice work. Russel C. Rottger is
president of the fellowship.
DRY LAW IS DOOMED,
SAYS MAGAZINE HEAD
Collier’s Editorial Director Confident
Repeal Will Come.
“If Indiana votes for repeal in to
day’s election, it practically will
mean the end of the eighteenth
amendment.”
This view was expressed by Thom-;
as Beck, New York, editorial di
rector of Collier’s magazine and
stanch repeal crusader.
He addressed the National Edi-;
torial Association convention here
today.
After making a repeal talk at Ft.
Wayne, his wife's hometown, Beck
asserted:
“I am certainly surprised the way
Indiana is changing its attitude on
the liquor question.
“The eighteenth amendment un
questionably will be repealed.
“Moral effect of Indiana repeal on
other states will be overwhelming
If Hoosiers vote for repeal, oppo- !
sition in other states will melt away.
“It is the logical and sane thing
to repeal the eighteenth amend-;
ment.”
DENY ROBBERY GUILT
Two Face Count in Fawnshop Slay
ing Case; One Awaiting Trial.
Stanley Parker and Roy Lose en
tered pleas of not guilty in criminal \
court Monday to charges of robbery
growing out of a holdup which re
suited in the slaying of Jack Wer- ;
ner, Indiana avenue pawnbroker.
Parker was acquitted recently of
a murder charge in the case, but
Love still is awaiting trial on a
murder indictment.
Let's Go Fishing
Miller, George Hargitt, Ed Meyer,
Walt English. Charles Stick and
numerous others.
Lake resorts were teeming with
activity over the week-end. Cot
tages were being cleaned and paint
ed, getting ready for the torrid
season.
Harold Gerdts. Henry Tulley and
John Barnhardt still swear by
Myone lake and are preparing for
another season there. Crappie is the
favorite fish at this spot, limit
catches being the rule rather than
the exception.
Ray Thomas has his tackle box
all ready for his two week's trip to
the Eagle chain of lakes in Wiscon
sin. Last year he caught some real
pike and musky in these waters and
hardly can wait till the season
opens, for his attempt to repeat.
Experts claim that a small, life
like artificial bait is best for catch
ing the big ones, but with the va
riety of bait offered by the different
makers, our opinion is that every
one is just guessing and hoping.
THE INDIANAPOLIS TOIES
'PLAYBOY: 40,
CHARGED WITH
BEATINGHEIRESS
Sits in Reno Jail, Claiming
It Was a ‘Mere Lovers’
Quarrel.’
By United Prct*
RENO, Nev., June 6.—A 40-year
old New Yorker remained in the
county jail today because no one
would come forward with $250 bail
to release him of charges of beating
Mrs. Miriam Hostetter Young, 32-
year-old patent medicine heiress.
Eugene A. Bowen, described as a
“playboy,’’ denied he had struck the
Pittsburgh and New York social reg
isterite, who is here to divorce her
second husband. Charles Fuller
Young, New York broker.
“I’m dumbfounded about the
whole thing,” Bowen said, stroking
his two-day growth of beard. “It
makes me very unhappy.”
A week ago Bowen announced he
would marry Mrs. Young after she
obtained her divorce.
Not since Peter Arno and Cor
nelius Vanderbilt had their famous
"duel” in 1931 has Reno's divorce
colony had such a tidbit to gossip
over.
Bowen, who said he flew to Reno
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n Sennits, Toyos, Milans and Linens
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Tomorrow:
kB M j f * ■; WB a l l3| ABB; tvur
two weeks ago at the urgent in
r.stance of Mrs. Young, pleaded not
guilty in justice court to two charges
of assault and battery- He will be
tried Wednesday.
The dapper 40-year-old New
Yorker is charged with beating Mrs.
Young in the exclusive Riverside
hotel on the night of May 21 and
again on the morning of May 29.
Bowen claims these were only
“lovers’ quarrels,” and that he did
not actually strike her.
Bowen said that at 6 a. m. Sun
day morning Mrs. Young, clad in
an evening dress, visited him in the
city jail.
“She threw her arms around me
and called me ‘poor darling
Bowen told the United Press. “She
even gave me a handkerchief —so
that I could have something of hers
to place close to my heart.”
He displayed the monogrammed
handkerchief.
Mrs. Young is the daughter of
Mrs. Miriam Hostetter of Pasadena,
widow of the Hostetter Stomach Bit
ters magnate.
Dressed smartly in a brown fig
ured silk dress. Mrs. Young yawned
as the complaint against Bowen was
read in justice court.
4-H Club Camp Opens
SHAKAMAK STATE PARK. Ind.,
June 6.—The second annual junior
4-H Club leaders’ training camp
apened here Monday night with Paul
McKee, Hartford City, district Ki
wanis governor, addressing the 350
boys and girls participating. The
enrollment includes 175 boys and 175
girls from sixty-eight Indiana coun
ties.
HOOSIERS FIND
MANY FOREIGN
GUESTS AT FAIR
Visitors From Europe and
Asia Are Numerous at
Exposition.
BY MRS. MAURICE MURPHY
Times Staff Writer
CHICAGO. June 6 —Hoosiers vis
iting A Century of Progress are
finding it a truly international ex
position and are brushing elbows
with people from all lands They
hear in walking or riding over the
grounds, in the blue and white
sight-seeing buses, exclamations of
delight over the fair, spoken in
nearly every language. .
On Sunday, a big day at the fair,
there were known to be on the
grounds, visitors from Havana,
Cairo, Egypt; London and other
English cities; Berlin and Leipzig,
Germany; Budapest. Hungary; Pal
ermo, Italy; Rio de Janeiro. Argen
tine; from Norway, the Panama
Canal Zone, the Philippines and
from any number of places in Can
ada.
At the Indiana hall, in the Court
of States, people came from not only
Indianapolis and towns all over In
diana, but from far-distant states
and foreign lands.
Mrs. Edward Rector was one of
the notable visitors at the Indiana
exhibit on Monday. Although a
Chicagoan. Mrs. Rector is well
known throughout Indiana because
of her interest in De Pauw uni
versity.
Other Indianians arriving:
The Misses Helen Schoonover
Ruth Kirk, and Mildred Flaningam
came from Indianapolis Sunday to
take the places of Misses Florence
Grady. Ruth Kramer and Madeline
Abel, who had been at the exhibit
prior to that time. Miss Wilma
Davis, who has been in Chicago
Don't
Trifle BflH 0
Eye
sight
You may not hut shpii out of ten people do. l>o not
take tlie risk—consult us immediately
dr Established SO Years
HAROLD „ BURT.
? \ffe 2— STORES—2 LEWIS *
MILTON
12 North Pk ft/) 0 Q tuff
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PAGE 7
since the opening day, trill remain
for another week.
Among Indianapolis visitors who
recently have seen the Indiana ex
hibit are Mr. and Mrs. William J.
Hogan, A. F Taylor. Charles H.
Cooper. Marion Cooper. Bob Mayer,
P F. Hammack and Miss Helen
Hammack. Miss Alice Gibson. Miss
Electa Walker. Miss Jeanne Madi
gan, and Charles W. Daugherty.
In the Air
Weather condition at 9 a. m.t
Southwest wind. 13 miles an hour:
temperature, 83; barometric pres
sure. 29.83 at sea level; general con
ditions. clear; ceiling, unlimited;
visibility, 7 miles.