The Kokomo Tribune from Kokomo, Indiana • Page 1

TH OMO D1S A TCH VOL. XLV--XO. 124 EVENING EDITION KOKOMO, LNIX, TVED1SEESDAY, FEBRIJARY 15, 1933 TWELVE P4GES PRICE--THREE INSULL "PAPER PROFITS" REVEALED I ON ASSESSMENT HEREfflR 1933 Prediction-That County's To tal Valuation WiJI Be About Half Its Peak Figure. ONLY PERSONAL PROPERTY Will Be Listed This Year- Real Estate Stands at 1932 Assessment. With the opening of the annual lUtlng of property for taxation only fortnight away--It on Wednesday, March mtnt officiate arc wondering what sort ot showing wilt be made.

The general expression among them Is that when the 1933 aasexH- mcnc period has been closed In Howard county and Ita listings totaled. It will be revealed that the toful valuation In Howard county, which back In the inflation period noarcd to a bit abovo $90.000,000, will have shrunken to half that figure. Property Only. This year the township assessors and their doputlew arc to list only personal property and additional improvements to real estate. Real entatc In general not to be red, but Is to bo placed on the SENATE VOTES TO TAKE UP REPEAL RESOLUTION BY BALLOT OF 58 TO 23 Washington, (AP)--The senate today voted to take up for consideration the Elaine resolution, to repeal the 18th amendment.

The' vote which brought up repeal for consideration was the closest approach to a real test of senate and dry strength this session, was not-regarded as an indication of the prospective vote on the'submission resolution itself. Sorae senators opposed considering it at this time in belief emergency relief measures were in danger of failure this congress because of a prolonged prohibition FOUR MILES IN ONE MINUTE! debate. A number of this group are known to be willing to submit repeal. While only a bare majority was needed to take up two thirds will be necessary to submit it the states for ratification. Whether this margin ctyn be mustered is problemat- cal, depending largely on orm of the resolution when reaches, a final vote.

The vote was 58 to 23, more than two-thirds major- tax duplicate st the valuation ilxed for It last year. That being, true, there can be no ehrlnkage In real eotato valuation from that of a year ago. The shrinkage in peraonol prop- come In personal property. This la looked for because of two things: First, tho fact that uulny taxpayers have lesii personal property than they possessed year ago. Second, tho fact that iiuch personal property they now possess has even n.

cash value than it had a year ago. GUNUUW on Shrinkage. The shrinkage it is expected will erty valuation for tho county an whole, according to the of some who have been making a survey of the situation, will amount to between 41,000,000 and $2,000.000. Most, of will be in Kokomo, It In said, though there will, be some shrinkage, it is thought, in all the out townshipn. due to the further decline that haos taken place within thu last twelve- ssr.th In the value of various kinds of farm products.

That there will be practical!) 1 additional Improvements to real estate to be liatcd this year, IB the general expectation. Few Improvements have been added to real estate, either urban or rural, in Howard county this year. LJtUe Done. It la deemed not- unlikely that there haa been less building In Howard county in the last twelve-month than In any other like period In the inst nlxty or seventy years--less, at any rate, than at any time since tha Civil war period. It Is claimed by Rome that one could number on the fingers of one hand all the new housed erected in Kokomo since March 1, 1032, and that on the fingers of the other hand he could number all that have been erected in the county outside within the period under consideration, X1eld Mnn Coming.

On Thursday, FcbruaO' 23, at the office of County Assessor Willlam Cameron, the township asses- sore will have a meeting with a representative of the state tax board. At this meeting, the assessors will be informed as to the policy tho state tax board desires pursued year. The roll call on the proposal to take up the resolution follows: Democrat)! tor: Ashurst, Bailey, Bankhcad, Barkley, Black, Bratton, Bulkley, Byrnes, Clark, Cool- Idgc, Dill, Fletcher, Glass, Harrison, Hayden Hull, Kendrlck, Lewis, Logan, McKcllar, Pittman, Robinson, Arkansas, Swanson Tydlngs, Wagner, Walsn 29. Republicans lor: Austin, Barbour, Blngham, Elaine. Cowzens Glenn, Goldsborough, GrammcrV-Halo, Hastings, Hebert, Johnson, Kean, Kcyes, LoFoilctte, AfcNary.

Moses, Oddlc, Patterson, Reed, Schuyler, Shortrldge, Stei- wcr, Vandenbcrg, Walcott, Watson, and White--28. Farmer Labor for: Shlp.ltca.cl.--1. Grand total for 58, Caraway, McGIll, Neeiy, Kussell, Sheppard' and Smith--10. Republicans against: Borah, Brookhart, Capper, Dale, Dickinson, Hatfleld, Norbeck, Norris, Nye, Robinson of Indiana, Smoot and Townscnd--13. Total against 23.

Immediately after tho vote, Senator Robinson of Arkansas, Demo- IT CAUDATE THISPRIMARY Announces He Will Not Seek Nomination for City Head. for Another Term. FOR DISCIPLINE Board of Works to Meet Wed nesday Evening to Conduct Investigation. TWO COMPLAINTS PENDING Sbortiy after noon 'Wednesday Mayor Henry authorised the Tribune to announce that "I do not choose to run -again for the nomination for "mayor." The announcement came right after the mayor had completed arrangements for board of works to inqulro into troubles reported to exist In the 'known, cratlc submitted amend- announces. however, th'at the unpleasantness in IBerilre department had anything to'-'do'iwlth shaping tho mayor's decision, Ever since the' first oC.

the year has been more or less specu-' atlon as to whether Quigley would seek nomination for another term. He has until now maintained a reticence on tha subject. That he does not intend to become a candidate, he now unequivocally Drinking Is 'Charged Against Two--Quarreling Accusation Against" Others. From' tho office of Mayor- Quigley came an announcement Wednesday atternon 1 that there would be a meeting of the board of public works Wednesday evening to investigate reports of upon the part of certain members of the fire department. While the mayor, did not go into details, he Intimated that there were two complaints which would- receive the board's attention, bath arising' from incidents occurring within the last twenty-four hours, charge of Drinking One of the complaints i a matter of record in the police ment.

It involves Henry Flaty, captain at the central station, and Roll Clark, alarm operator there. Both members are charged with public Intoxication. The police 'department's records reveal that Flaty and Clark wore taken into custody Tuesday evening by officers who reported they found them on 'tho street, under the influence The two men.were' not together, and were found in different parts the city, according to tho reports of tho arresting officers. Both were temporarily suspended from" the fire department, and sent Home. Qimrrel at Station The other complaint deals with SON OF UTILITY CZAR WITNESS AT SENATE'S PROBE OF OPERATIONS Samuel Insull, Discloses How.

Family Made $25,000,000 in "Paper" from One Transaction--Admits Insulls Purchased.Stock at Prices from $7.54 to $15 Share Same Day It Opened on Exchange at $30--Still Hold Some Despite Fact Stock Later Reached $149 Per Share--Owen D. Young, Gerard Swope and South Trimble, Clerk of House of Representatives, Revealed on List of "Preferred Customers." SIR MALCOLM CAMPBELL Daring British speed king, 31r Malcolm Campbell, senthis "Bluebird" the Stock at Prices ranged 54 racer spinning over the Daytona Beach, Bands at a rate of 2-10 miles an hour, and mechanics-are tuning up his racer with that end in view. INDIANA SENATE LIMITS- DEBATE TO SPEED BILLS Indianapolis, Feb. with mass of legislation f.he Indiana senate today voted a cloture rule. Senator Walter S.

Chambers of Newcastle proposed the rule which I will limit each senator to five min- ouier compioim. "TM-'o of te on an. angry controversy; in which morning. Tho senate succeeded in disposing of a number of bills on third and final reading and sent them to the.house. In the lower branch twenty- three new bills were introduced, the members showing no abatement in their enthusiasm for proposing more Washington, Feb.

(AP)--A quick "paper profit" of $25,000,000 to Samuel Insull and members of his family 'from a single transaction in. one of his investment trusts was disclosed to a senate committee today as it investigation of the stock manipulations which preceded the collapse of the gigantic utilities empire. With on the committee learned that the family acquired rights' to in Insull Utility Investments, an investment trust, for $11,730,000. Insull agreed the contract giving the family rights to at prices ranged from $7.54 to $15 a share was signed the same day it opened, on the Chicago stock exchange for $30," but said it was in pursuance'of a previous agreement. crown prince in the vast utilities domain denied that the'prof its had been realized, asserting that although the stock later I went to some of it now almost worthless was still held.by the family.

He said h'is father had sold to numerous persons stocks for twelve dollars a. share. On -this list of cus- NOVELTY, SAYS have occurred at the Central'lire itatlon Wednesday--forenoon, be- (Contlnued on ments to make the repeal, reaolu tion conform, to his party's plat form Declaration for outright re peal and ratification by conventions instead of -legislatures. He did not request Immediate consideration. Another Democratic senator-Earkley of Kentucky--Then proposed an agreement 'that during the remainder of the present congress debate on any and air measures be limited to one hour, for each senator and that.but 30 minutes be allowed each member on any amendment or motion.

In listing property this Just who will be here to speak for the state not known. The field examiner who was designated to come at the time the meeting was set, has since been relieved of his duties, the being'a part of the reorganization of the department under the new state administration. MICHIGAN BANKS PLAN TO RELEASE LIMITED FUNDS TO CUSTOMERS ROBBED III $1,300 STEVENS; INDICTED IN ILLINOIS INSURANCE CASE, BANDIT VICTIM. Chicago, Feb. J.

Stevens, under indictment in the of the Elinois Life Insurance and his family 11 ing in a downtown hotel today after being tcrroriied and robbed of J1.30C in their home by four gunmen who posed as federal officials. The attack occurred last Saturday evening but waj not'reported to -police until last night. Even then police heard of it fronv another, source and It waa not until later that Stevens admlUcd.it His'reason for keeping It qulot, he told police, was prompted, by th vbandit leaders' farewell warning -that "if you notify pollcu or 'even we'll blow your heads off." The story aa -finally told to police by the erstwhile and hotel magnate was one of a well planned crime prompted, by belief of the perpetrators that veng.hnd saved ''a million dollar!" the collapse of the Insurance company and had it hidden In home. Detroit, Feb. to case Michigan's cash' situation created by the proclamation of an eight-day banking holiday continued today, with the state gradually following the lead of Detroit in arranging for" the release to depositors of limited amounts of money.

While no definite policy for the remainder of the state had been adopted today, several banks reported; arrangements for supplying limited At Ann Arbor, city's four banks, will permit withdrawal of $20 for each family, beginning tomorrow. Severn! other outstate banks planned to follow Detroit's plan, Included the release of $25,000,000 on Thursday, withdrawals being limited to 5 percent' of The State Bankers Association met in executive session here today to formulate a plan of action, for. out-state banks. Meanwhile, at Lansing, a bill designed to permit the limiting of withdrawals when' the holiday ii ended, in case such action is necessary, was prepare'd today for Intro- duotlon in the state legislature. Several ot friends have tried to induce him to stand for nomination again, but they admit ho has never given thr.m any satisfaction.

They are prepared to say, therefore, that his decision is no surprise, to them. The.announcement will be of interest-throughout the'city, and particularly so to the several men who 'are thinking of becoming candidates for the Republican mayoralty I Monday morning. James Franklin Kirby, Age 2, Succumbs to Wounds In, flicted From Burns. lie morals report The. two houses-of the assembly! held rather desultory sessions, thisi (Continued on Pace Two.

KEEPS FIREMEN ONGflfflNESDAY A- continuous, 'round of -fire alarms, two or involving blazes of considerable importance, kept" the city firemen on the run. Wednesday morning and into the afternoon. The most serious blaze was at the 'John 916 South Webster'street, where 'a flam- Welfare Organization Covers Wide; Field of Activity During .1932. Reports of the several 'depart- nomination. "to.

Funeral. Mrs. W. Brass "and Mrs. J.

Wilkinson of Kofeomo wcra called Alexandria Tuesday, upon- the death of their sister-in-law, Mrs. Walter Ulmer. Burial was made Ulmer formerly lived in Kokomo and-is well-known to a number of Kokomo FAILS TO IDENTIFY. Denver, Feb. --Mrs.

Anna Lou Boettcher. was unable to identify positively W. M. (Red) Mitchell as one of the kidnapers oC her Boettcher II, when she saw him In the 'po- llce station today. clothing was set afire when a play-, mate tossed a large piece of paper into an.open'stove at the home at $16 North Courtland avenue.

The mother' lu stepped outside the heard the screams of the 'children and attempted into the Iiouse. However, the children, in their excitement, had locked the door and at several hundred dollars. A similar fire- occurred at the home of West Jefferson street, where the-entire rear, section of roof was destroyed and -damage done to furnishing by water ar.d smoke. The loss was figured at several hundred dollars. Other fires, all.of the roof variety, were reported from the homes of it was some before the moth-: p.

A. North Kennedy cr' gained admittance. All of the clothing on the right side the child was burned away' and deep burns were inflicted on-his body. TaTten to the -hospital Immedi. the child 'was under careful attention until its death.

parents, Mr. and Mrs. Ralph Kirby; brother, 4, i on Pagiv 'street; Artls, 1023.North BRITISH "RUTHLESS POLICY" AGAINST DOLLAR DESCRIBED from the same' chimney; R. Hclneman, -1110 South E. Oidfather, 1105'East Mark- tend, avenue; Bertha 906 South Courtland avenue, and the Coal company.

Little damage was done In any of the above Feb. (XP) A "ruthless by'Great Britain to drive dollar prlccs'in an effort to war debt cancellation, or charged today, before the senate finance committee by. Rene Lepn, of New York, formerly 'technical advisor, to. the house coinage committee. Leon, in appearing before the committee in its 'of economic conditions, joined a.number of other witnesses In advocating, monetiza- COLOMBIA ORDERS MINISTER TO PERU HOME IN 'BREAK' (By The Associated'Press) Colombia today ordered its minister to to return horfie, sev: Bring diplomatic relations with that country, as a result ot the outbreak, of warfare between the two South American, nations.

Peru announced it received official advice the government 'considered Brazilian mediation In the border dispute as fln- Ighed. claimed a Peruvian air force was the aggressor In yesterday's battle on'the Putumayo river while Peru Insisted a Colombian flotilla began the tight: by: attacking" a Peruvian at Ta'rapaca. Unofficial reached Colom-' bla that Tarapaca was, captured by troops but the Peruvian commander i-eported 'the -engagement was "Inconsequential? 1 was last night' and the Colombian government announced ita -troops were being landed under.protection of a gunboat 1 1 parties'i-sai'd started in Brazilian territory, Tara- -CContlhucd Past, Two)'. tion of silver: He suggested pur or raon the the issuance p. silver certificates.

He'said that through tho British exchange equalization fund for purchasing gold currencies in the market, England-'had "the contro of dollar exchange and consequently the. control of American, "That which Britain: would not for'one minute'countenance from America what she practices everj America' with- disastrous to" every phase of bur.economy," Leon.said. "Every man, woman-and child in this country -the of this ruthless policy." cancellation Is avowedly Britain's be- America can be debts, American must foot the bill through taxes thereafter will have to be figured In tiie cost of production. this production thua raised, would handicapped when, competing. with industry in "the.

mafr Livestock Valuation. stock on farms-of the country-on January-1 this year valued today by -department of at as compared with on January' 1- a year ago and on.Jan- uary .1, 1031,. "TAX STRIKERS" GATHER. munlty Chest' headquarters at-o'clock. Tuesday afternoon, revealing a vast program of activity in the interest of the needy of'the city.

P. -H. Palmer was elected to the presidency of the bureau 'for the coming year. Other officers elected o.t the meeting, included R. first Dr.

Kurd Allyn Drake, second vice- president; Owens, third vice-president; C. V. Haworth, fourth vice-president; C. Davis, Mrs. Hunt is the retiring president of tho organization and has given, valuable assistance in the active work of the bureau during the 'year, without compensation.

Reports were given by Mrs. H. A. Drake, covering-the activity of the sowing center; Mr. Haworth, and Miss Ada Rice, through whose office certain of the financial functions were handled.

Rules on Unlimited Debate Are Discussed by Don P. Strode. CLOTURE IS EXPLAINED Filibustering Now a Distinct Senatorial Show, Is View. While it is true that much needed has been defeated by filibusters of the 'sort that Louisiana's senator, Huey Long, recently staged in the United States filibuster the other hand, defeated some un- P. local-attorney, said in an Interesting address before' the Howard County Bar Association Tuesday night.

Mr. Strode did not discuss the merits of Long's filibuster against the Glass banking bill other than to refer to it, but he pointed out that no other congressional proceeding attracts'as much attention such.a "stunt." He cited reports that the Senate galleries have been filled and the corridors outside crowded with lines of people waiting their turn to enter when a filibuster is in progress. Roll Discusses New I'lans tomers was the names of Owen himself waiting to testify, Gerard- Swope, and South Trimble, clerk of the house of representatives. With. Insull on the stand at'the' senate, In downtown 'Washington, at same time the-federal trade commission was digging into Insull affairs'by way of carrying its long- Investigation of utilities.

Carl H. Depue, commissioner examiner, Introduced evidence on what he described as the "habit" of the lasulls of buying from themselves, setting up fictitious and placing for safe abroad tho resultant "inflated" stocks. At one point, he agreed, with com- mission counsel, "the capital atock of the Insull, Son Co. -was worth J12.122.785 less than nothing." The address, given at the' bar's February meeting and dinner-at the Courtland hotel, was well received. A giicst at the meeting was Judge, Curtis Roll, of' the Indiana Feb.

owners and'other prop- erty taxpayers gathered "in In. -dlanapolls' this afternoon to to the ana Bureau, a 1 a strike." said-at the Farm Bureau that "between- 5,000 'and 10,000 will visit late today- to. "demand with rc- 'gard a The following'. on items were in- Pagro Two) MAN CONVICTED OF MURDER ASKS CONFERENCE WITH KOKOMO ATTORNEY. FROSTY Clrjming that- he has new evidence of of the charge of murdering his Richard H.

Gladden, has sought, a' conference with- a Kokomo attorney relo.tive to possible-filing, of a i i a writ 'coram The attorney Homer R. Miller, went to'Michigan City Wed- Gladden is serving, a life term-after Having been'coc- of in the Clinton county circuit court Fair tonlrht and Gladden, whose case attracted -Thursday not so! considerable attention cold In extreme stat claiming that he was "rail-1 A efe A nofthwcat portion i I if temperature morrow. to- policy Temperature Maximum' debt must be made 40; minimum' Tuesday appear bo. the one night, 13; noon We'dnesday, 25. insurmountable obstacle in the way Readings on 15, High; roadcd" to prison.

He has obtainad permission to consulflegal counsel.I On a to seek -a new trial. also confer with Harold Kokomo man who was convicted of burglarly in 'Indianapolis four years ago, was sentenced, to serve ten. years.In the penetentlary. Wikle s-jbking' to of their I -10; low, 26. have to five Supreme Court, 'who discussed plans that have been, worked out by the court to speed, up the disposal of cases that have been before it for several, years.

filibustering has be- copie distinctly a senatorial show in-this-country, it has not always been so, Mr. Strode said. "It is' not new, and it sometimes has worked for the good of country," he years ago Charles G. Dawcs, then -Vice-President, as- Senate and tho'ooan- attack.on the Senate rules- permitting so-called unlimit- DfflGE SUIT OPENS DEFENSE 1" CASE GETS ORDER FOB EXAMHf ATION OF. PLAINTIFF.

on Page Eleven.) AUNT HET BY ROBERT QUILLEN "A woman don't -need her husband's help in Sha wants him. along because hc'lt let her pay more, to show off before the Trial of a. suit for $5.000 in. damages, for injuries the plaintiff, Lizzie Dyer, received when she fell on a sidewalk In front of her home in. October, 1931J began In circuit court' Wednesday before Judge Crjpe.

defendant in the case is the Kokomo Gas and Fuel company, and the plaintiff asserts she stum- bled'over a stop-box which she says the company left protruding over the level of the wallv, The defense sought to show that Mrs. Dyer may over a brick in the walk instead of the stop-box. Mrs. Dyer testified felt the heel of her shoe hanging- overman object which, she said she was positive, was not a brick. admitted, however, that there bricks in the walk separated by spaces from which other bricks were missing.

Lee Dyer, the plaintiff's son, and Dallas milk truck testified that the extended throe inches or more above the surface of, the walk. The court-sustained a motion by the defense for medical examinn- tion ot the to determino The extent of her injuries. McClure and Elliott are- representing the defendant, while Marshall. Hilli.s and CoiTel appear, for' the plaintiff. "PLENTY OF MONEY," CITY DEFAULTS INTEREST.

Detroit, Feb. officials- said there was "plenty of money in the the citv o'f- Detroit today technically defaulted. on its interest obligations because' of eight-day bank holiday which prevented withdrawal of funds. City officials said they would be unable to meet falling due today, although" deposits of the city total approximately $3,000,000. roles-Germans Mix Kar.luny; Pomorze.

(Polish Corridor), persons, -including 'several women, injured today when a of Poles'broke, into a nveeting. place where 'a German club was celebrating. The Germans. filed 'a com- pJaint 'with the'authorities at Warsaw..