Hope Star from Hope, Arkansas on December 23, 1938 · Page 4
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Hope Star from Hope, Arkansas · Page 4

Hope, Arkansas
Issue Date:
Friday, December 23, 1938
Page 4
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PAGE FOUK Coster's Amazing Letter Disclosed; Blackmail Shown Suicide Note Defends Making Fraudulent Financial Statements DEATH NO DECEIVER Coster Loses His Magnificent Poise When Writing Last Note NEW YORK—(#>)—F Donald Coster Musica's explanation of the scandal involving his firm—a half incoherent denunciation of Wall Street, a substantial admission of his own culpability and an exculpation of his brothers!— \vas made public Thursday as the government began an investigation of men who had profited by knowledge of the master swindler's past career as Philip Musica. In a letter written in the last desperate hours of his life Coster- Musica told his side of the story—a strange posthumous apologia written last Thursday night - at the time when he decided to end by suicide his long masquerade. It was addressed to Samuel Reich, tha promoter's attorney, and released by him. At one point, Coster-Musica admitted having betrayed some of those who had trusted him. At another he wrote in a shaky hand: "As God is my judge I am the victim of Wall Street plunder and blackmail in a struggle for honest existence." Government attorneys were not impressed, Assistant Attorney General Brien MeMahon remarking in Washington that regardless of the note "our information definitely indicates that the surviving brothers are more culpable than he would lead us to believe." Acting United States Attorney Gregory Noonan, heading the inquiry here, asserted at least eight persons had been found to have made money in one way or anther through their knowledge of Coster-Musica's old secret—that he was once convict Philip Musica. Noonon asserted, too, that the government had evidence that Coster- Musica had been in a conspiracy to violate the law covering the sale of arms to foreign countries and had violated the alcohol tax laws. On many things in his last letter he was vague and rambling, but in the $18,000,000 overstatement of assets in his drug company, McKesson and Robbins, incorproate, charged to him, he was direct and positive. "McKesson," he wrote, "should have been in receivership in 1930.and again in 1932 if its profits had not been bolstered in a frantic effort to save the company—and the alleged millions' lost are simply 'profits' to save the company from the .hands of the bondholders and afford a dividend at least to the preferred stock in hands of innocent stock- holders that were not getting salaries for the rollenest kind of management." Throughout the letter which Noonan suggested should be regarded as the work of a man temporarily unbalanced, Coster-Musica showed none of the skill and decisiveness which must have been required'to make him, an ex-convict, the president of an $S7,- 000,000 drug flrnj. The diction was-' poor and unlearned and there was a strong recurring note of self-pity. He contended it Was necessary for "profits" to be "maintained" lest the bankers nnd lawyers succeed in milking the company through receivership. "Let the world judge," he said, "if bankers, lawyers, auditors, appraisers, that got millions out of the company knew nothing." The investigation of the company had begun, he wrote, because the "treasurer and inside 'shooters' gang got cold feet to cover their steps and run to cover, making me and underlings the got." "I have not tried," he protested, "to ruin the company or the stockholders. Instead I am* a ruined man through the treachery of legal intrigue." Nocnan, in disclosing Coster-Musica had suffered financially because of his past, did not elaborate. He was similarly reticent concerning his claim the drug company head had been engaged in gun-running and tax evasion. Asked directly if he knew of any sale of arms actually made, he declined comment. "The facts in the case." he remarked, "already indicate that Coster, instead of being the 'goat' was quite the contrary. During the afternoon Benjamin Simon, who government investigators said was involved with Coster- Musica in nogotitations for the sale of arms, and two other witnesses were examined before a federal grand jury. The others were Hector J. Dowel, an investigator for the Securities and Exchange Commission, and Thomas A. Bruni, international and munitions broker. Another of tht days's developments was the filing of a superseding indictment which charged all the surviving Musica brothers and the corporation itself with conspiracy and vialtion of the securities act: Those indicted were George Dietrich-Musica, George Vernard-Musica, and Rebert Dietrich-Musica. HOPE STAR, HOPE, ARKANSAS Snyder Guilty of 'Office Wife' Murder Attempt December 28* 1988 Goes to Trial So They Say May Get 15 Years for Attack on New Husband ' of His Ex-Wife . LOS ANGELES-VP>—It will be a cheerless yuletide for Martin (The Gimp) Snyder, who managed Ruth fitting in the lush years when she made a half million dollars as a radio singer, for a jury convicted him Thursday of attempting to murder his successor as her husband, Myrl Alderman. The conviction carried n penalty up to 20 years ii> prison. It took the jury almost 48 hours to dispose of the five counts in the complaint. Snyder was found innocent of attempting to murder -Miss Etting, and innocent of attempting to kill his 21-year-old daughter, Edith, by his frist marriage. The jury also decided Snyder was innocent of violating a state law pertaining to possession of firearms on which serial numbers are defaced. The complaint also charged Snyder with kidnaping Alderman, who was the singer's former accompanist. The jury debated long on this count, was hopelessly deadlocked, and in reporting to Judge Thomas L. Ambrose, said there could be no agreement. Prosecutor U. U. Blalock immediately moved for dismisal of this charge, which was based on the contention Snyder forced Alderman at pistol point from a radio studio to Alderman's home last October 15, and into the living room, where, Miss Etting testified, he calmly stated: "This is the end of all of you." "All I can say is that I still wish the little lady (Miss Etting) a very happy Christmas," Snyder said after the verdict was returned. "After all, it could have been worse. There isn't anything else I care to add." • ••»CIO Is Opposed to Sit-Down Strikes Early Strikes Explained by Murray on Visit to Hot Springs Mrs. Fern Patricia Dull In court at St. Joseph, Mich. She's charged with the murder of her employer-lov«r. American Radiator Floor Furnaces Installed Easy Terms Harry W. Shiver PLUMBING-ELECTRICAL I didn't think it was worth waking daddy up for.—Six-year-old Mary Lou McAllister, who let her fireman father sleep while she put out a bed fire. If I had known I wouln't have eaten those pancakes—H. F. Brunn of Kansas City, whose wife forgot to tell him she missed a wire out of her batter beater. The winter of its discontent is coming to a close—Ex-brain truster Raymond Moley referring to American business at the New York Congress of American Industry. I want her to die in my arms— Louise Lewis of New York referring to her youger sister who may die if an operation is or is not performed. We Irish don't marry unless there is love—Mrs. Martha Delaney Davis, divorced wife of Dixie Davis, discussing plans for future. Nothing so appeals to an employe as a fat pay envelope—Herbert J. Tily of Philadelphia testifying before Senate profit-sharing committee. I had to stop singing until my toe got well—George Kainapu, Hawaiian singer with New York band. Who wants to drink anything bit- wr';—George McCord, Texas whisky distiller who says he never has tasted svhisky. F 0 R CHRISTMAS And The NEW YEAR May Christmas bring you joy—and each day of the year add to HOT SPRINGS, Ark.—Officials of the C. I. O. are opposed to sit-down strikes, Phillip Murray, chairman of the Steel Workers Organization Committee and vice president of the Internal Union of Mine Workers of America, said here Thursday. Mr. Murray, accompanied by his wife, came here for a rest. "The steel workers' organization holds contracts with 565 major corporations .in the United States and Canada," said Mr. Murray. "That represents "82 per cent of the workers of that industry. Membership in the United Mine Workers has attained the gratifying total of 612,000. Mr, Murray said that sit-down strikes were instituted while the automobile workers were trying to or- gtnize. Those who inaugarated the organization movements were discharged promptly and lost their seniority. In self-protection, the others sat dawn and awaited completion of negotiations of organization and subsequent contracts, Mr. Murray said. "There has not been a sit-down strike since such organizations were completed," he continued. Mr. Murray was reminded that his organization had been charged with Communistic objectives. He denied this, saying that the type of citizens affiliated with the C. I. O. also will be found on the rolls of fraternal or- gani/£:tions, civic bodies and as church members. "The C. I. O. is fundamentally an American institution," Mr, Murray "Decay" to Bring a Truer Religion Church Membership Is Growing Say Millikan, Religious Scientist OMAHA, Neb.—(/TV-"Decay in religion" in the United Stales was cited as a hopeful sign Thursday by Dr. Rebert A. Millikan, Nobel prize winner and California Institute of Technology physicist. He believes "the decay of religion in the United States and the loss of faith of modern youth" means the elimination of "old-time superstitutions and outworn creeds." He pointed to growing church memberships in the nation. "All this 1 interpret to mean that, in America at least, we are sloughing off the extenal trappings, the impediment of the religion of Jesus. We are coming more and more to sec that its ossence lies, just as Jesus made it, in the spread of the spirit of altruism, the Spirit of thoughtfulncss, not for self .but for others." Arkansas Porkers Beatenje to 28 Oklahoma City Parks AAU Cagers Win Handily OKLAHOMA CITY, Okla.-(/P>The unbeaten Oklahoma City Parks, leaders of the Missouri Valley AAU basketball race, gave the University of Arkansas Razorhacks n lesson In big league cage tactics here Thursday night, by handing the ma 06 to 28 drubbing In a onc-isidcd exhibition game. It was the tenth straight victory for the Parks and the first defeat in eigth starts this season for the Porkers, who showed the strain of three games in as many nights. The collegians jumped into n 7 to 2 lend in the opening moments—n maneuver they soon regretted—for the Parks went to work and scored 21 points in less than tO minutes while the Porkers were scoring one. Oklahoma City's rugged gard.s, Grady Lewis and Bill Martin, carried most of their team's offensive load and held the Arkansas forwards, Johnny Adams and Neil Martin, in check. " The Parks guards scored 31 points between them, Lewis bagging 17 of them for high point honors. The Parks doubled the score, 30 to 15, by the end .of the first half and kept right on pouring the ball through the hoop in the second period, while the visitors tried in vain to halt the rush. Every man on the Oklahoma City squad scored at least five points exifept Roy WiUhoitc, stubby guard, who played only a couple of minutes at the end. Lewis IJiorhill of Boston was socked so hard on the jaw during a fight that he suffered 71 fractured nnkle. Thornhill wouldn't name his assailant—' probably wants to put him under contract. Our Sincere Appreciation and Best Wishes to You at this Joyous Season. COOK'S WHITE STAR LAUNDRY DRY CLEANERS It's Xmas JMOGECT your joy! The First National Never Too Cold for Men to_Lift Hats Zero Weather Only Excuse for Putting It Back on His Head By JOAN DURHAM Al' Feature Service Writer To rai.sc or not to raise the hat— that's the question many men ask in cold weather. Must ;\ gentleman remove his hat when he's talking to a lady no matter how cdlcl the day or how long the conversation'.' Yes, ho must; and remove it completely, not just touch it. He may put U beck on in zero weather, but in warmer weather he must hold it in his hand until the conversation is over. He also must take off his hat: When greeting another man who is accompanied by a lady. When accompanied by a lady who greets a passing lady or gentleman. When' entering a semi-public place such as an art gallery of a club. When standing at attention during the playing of the national anthem— or when the flag goes by. A gentleman removes his hat when he's in an elevator in a hotel, apartment, culb or' other residence. In a business building he may leave it on, although many men insist on removing their hats in buildings in which their own offices are located— since they are likely to meet friends for whon they will have to remove them anyway. Which hat is proper for what occasion? Tails call for a collapsible opera or silk hat, says Reymond G. Twyeffort, chairman of the national fashion committee- of the Merchant Tailors Association of America. The dinner jacket is accompanied by an opera hat or u black or blue Homburg; never a derby. (The diri- ,nor jacket, by the way, is properly 'called just that—not a "Tux." The term Tuxedo sprang up because fashionable men at Tuxedo wore dinner jackets.) Derbies are for day wear only. Cutaways call for top hats—not col- lapi.sablc opera hats. The latter should be worn unly during formal evening affairs. Cutaways, of course, are designed for such formal daytime occasions as weddings held before six o'clock. And we wish to express our sincere appreciation to our customers and wish for each one A MERRY CHRISTMAS and a HAPPY NEW YEAR, The J. C. Penney (A Hope, Arkansas Variation on ;; hallowed American political theme: Garner-for-Prcsidcnt bourn is launched at his mother's log cabin birthplace. BANK A HP. in lirhit/hid -1,1(111 new jotj — IN our ti'in11 for tlic Yulatid': SVUNOIt. Hope Arkansas MEMBER OF FEDERAL RESERVE SYSTEM S5.CUO .Maximum Insurance For Each Depositor. HOBBS Market To Wish You A Merry XMAS And a Happy Prosperous NEW YEAR Citizens National Bank Hope Arkansas MEMBER OF FEDERAL RESERVE SYSTEM S5,UOO Maximum Insurance For Each IH-posilor. 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