Greensburg Daily News from Greensburg, Indiana on August 24, 1965 · Page 6
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Greensburg Daily News from Greensburg, Indiana · Page 6

Greensburg, Indiana
Issue Date:
Tuesday, August 24, 1965
Page 6
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Indiana to Give Exams For Securities License By HORTENSE MYERS INDLWAPOLIS (UPD—Sec- retary of State John B. Bottorff told a news conference today that for the first time in its his- ory, Indiana will require securities brokers and sales people to pass examinations. The crackdown came in the wake of a $3 million loss suffered by H o o s i e r investors through securities manipulations by the late Michael Dobich. Bottorff said the new system will affect all persons who applied for a license to sell securities "on or after Aug. 16 or who are not yet registered." This means that all agents for the bankrupt Dobich Securities Corp. must pass such examination in addition to undergoing public hearings before they can return to the securities sales business. Federal Bankruptcy Referee Paul Pfister will resume hearings Wednesday in an effort to determine if 579 investors who failed to obtain securities purchased from Dobieh have any chance at partial restitution. Exams isext vveeK Bottorff said the first examination will be given next Tuesday at Butler University here, and each Tuesday from then on until a backlog of about 120 ap- licants has been processed. He said the exam, which consists of 100 questions prepared by the National Association of Securities Dealers, then will be PUBLIC SALE The undersigned administrator of the A. D. Martin estate will sell the following personal property, located in Sandusky, on SATURDAY, AUGUST 28 Beginning At 1:00 p. m. HOUSEHOLD GOODS — Refrigerator; Chambers gas stove; chrome breakfast table and chairs; round dining table, leaves, chairs; sideboard; buffet; Siegler oil heater; large Heatrola; 2 living room suites; overstuffed chairs; sectional bookcase; combination' desk-bookcase: TV and stand; 2 small radios; 4-pc. bedroom suite with springs and mattress; dresser; metal bed, springs and mattress; 2 sewing machines; 2 rugs; feathers; feather beds and pillows; lamps; stands and stools; pictures; mirrors; 12-gauge double barrel shotgun; washing machine; twin tubs; laundry stove; porch swing; dishes; pots and pans. MISCELLANEOUS—Several doors and windows; meat grinder; canned goods; 2-wheel trailer; fence stretchers; carpenter tools; shovels; axes; pickaxe; grindstone; extension ladder and jacks; vises; stepladder; wheelbarrow; harness; power mower; hand mower; fishing tackle; 6-volt car radio; fruit jars; other items. SOME ANTIQUES—Foot adz; stone jars and crocks; dishes; oil lamps; iron pot and kettles; wooden kraut cutter'; drill for barn building. TERMS—CASH. NOT RESPONSIBLE FOR ACCIDENTS. ROBERT M. MARTIN, Adm. Ed King, auctioneer. Billy Smith, clerk. PUBLIC SALE Due to the ill health of Sherman Fulton, the undersigned will sell at public auction the following personal property, located 15 miles southwest of Greensburg, 16 miles east of Columbus, 1 mile north of Waynesburg, 6 miles west of Letts then % mile_south._ THURSDAY, AUGUST 26 12:30 P. M. FARM EQUIPMENT—1947 H IHC tractor; 1941 IHC H tractor; IHC cultivator; rotary hoe; cultipacker; steel drag; 2 John Deere 2-14" plows; New Idea corn picker; IHC 6' combine, good condition; IHC mower; 13-disc Van Brunt drill; John Deere manure spreader; manure scoop; IHC T mower; IHC planter, semi-mounted; 2 John Deere heavy duty wagons with hoists and good beds; 42' John Deere elevator; 2 grain augers, 10' and 15'; fan mill; end gate seeder; 2 wheel trailer; bull rake; rack for pickup; gas tank and stand; two 20-rod rolls wire; some small articles; scrap iron and old equipment. 1948 Studebaker 4-door; Ford pickup. TERMS—CASH. NOT RESPONSIBLE FOR ACCIDENTS. Mary Jo Fox — Suzanne Carey Co-Guardians of Sherman Fulton Lewis Beesley, Auctioneer. • Ralph Williams, Clerk. Having sold the farm, the undersigned will sell at public auction the following personal property, located 10 miles south of Greensburg. and !-i mile east of Letts, on SATURDAY, SEPT. 4 Beginning At 10:30 a. m. 14 ANGUS CATTLE—7 registered cows, 6 with calves by side: registered bull, 3 years old. Cows are McHenry, Barbara and Blackbird families, and bull is Bandolier breeding. This is a very good herd with size and quality. Bang's tested. 14 SHOATS, weighing 75 Ibs. FARM EQUIPMENT—Oliver 70 with cultivator; TO-20 Ferguson with twin hydraulic loader; Champion 32-ft. double chain elevator with motor; No. 5 John Deere mower; Oliver 2-row picker; 2 rubber tired wagons, one with hydraulic lift, one with corn drag: Oliver 13-disc wheat drill; John Deere Model E spreader: International 7-ft. disc; 2-row Case hoe; 2-row Dearborn cultivator: John Deere 290 corn planter; 500-gaI. water tank on rubber; spiketooth harrow; Clipper fanmill; 2-14" A. C. pull-type plow; side rake: Case hammermill with belt; John Deere corn sheller; 1948 %-ton Dodge pickup with stock racks. FEED AND GRAIN—Approximately 200 bales good alfalfa hay; 120 bales straw; 200 bushels corn; 150 bushels oats; 6.2 acres corn in field. MISCELLANEOUS—Cattle chute; hog ringing box; 2 picket cribs with oak floors; fence row mower; 4 good single hog houses: some 47" fence; some chain link fence with posts and gate: hog fountain with electric and oil heat; several steel hog troughs; electric brooder stove with feeders and waterers; pitchforks; scoop shovel; tile scoop; fence stretchers; 50 electric fence posts; barbwire: extension ladder. HOUSEHOLD GOODS—Two 6-ft. chest-type Maytag freezers; Montgomery Ward refrigerator; a few miscellaneous items. CONSIGNED BY H. WEBB—69 Harvestore MM combine. TERMS—CASH. NOT RESPONSIBLE FOR ACCIDENTS. Lunch Served By Ladies of Letts WSCS HORACE K. BUSBY Lewis Beesley, Auctioneer. Carroll Knarr, Clerk. given "at least once a month." An effort made by former Secretary of State Charles Hendricks to require applicants fbr a license to sell securities to take an exam was blocked toy a court suit. However, Bottorff declared, "I don't anticipate a suit. This is in the public interest. Thirty-four other states are ahead of us." Bottorff said a $20 fee would be changed for the examination. He said the money will go directly to the NASD. Indiana has many broker - dealers who are NASD members, but the state is not an affiliate of the association. "Fair and Complete" However, Bottorff said,'"The exam is both fair and complete and will help protect the public from those salesmen who know little or nothing about securities and get by on double talk." He said both Connecticut and Oklahoma already require broker - dealers to take the NASD examination and that most other states require some sort at an examination before issuing a license to sell securities. "An Indiana supplement to the exam is nearly ready and will be added before the end of the year—just as soon as it can be printed and the mechanics worked out," Bottorff said. He said dealers who now are licensed will not be required to take the exam "unless they quit their present employer." Under Indiana security regulations, sales people for stocks, bonds and other securities obtain their licenses only when they have a job and that license is good only as long as they work for the company specified in the application. Laws to Be Reviewed Bottorff said also that when the Legislative Advisory Commission meets Sept. 15, he has been assured a study committee will be appointed to review Indiana securities laws and recommend new legislation to the 1967 Legislature. Bottorff said he has "made arrangements" with the Securities and Exchange Commission to train his own securities division personnel in examining books and records of broker- dealers. He said in the future trained examiners from his staff "will go into offices where problems are suspected and, hopefully, resolve them before the public takes a beating." Jury Is Seated In Williams Case FRANKLIN, Ind. (UPI) — A jury was seated Monday to weigh evidence in the kidnap- robbery trial of two men in connection with the death of Columbus businessman John L. Williams. David Adler, 23, and Robert Bragg, 24, Columbus, were originally charged with first- degree murder. Grand jury indictments against them were quashed by Johnson Circuit Judge Robert Lybrook for lack of evidence. The two were later charged with kidnapping and robbing Williams, who was found dead near Columbus last December. The defendants allegedly were with Williams the night he died. His body was found along a county road. Classified Ad Phone 663-3113 A GOOD MAN TO KNOW Whether it's an emergency or just to pass the time of day, get to know our friendly Rexall Pharmacist. You can rely on him to fill your next prescription promptly from our complete line of Pharmaceuticals. Your Qlexaif) Pharmacy FREE DELIVERY AND MAILING SERVICE BEESON'S REXALL DRUG STORE East Side Square Phone 662-5811 Greensburg (Ind.) DailyNewtJuesJayJUg. 24,1965 PAGE 3 Commission To Begin Riots Probe LOS ANGELES (UPI) — An eight-member blue ribbon commission headed by John A. McCone, former head of the Central Intelligence Agency (CIA), was convened today to plan its investigation into the cause of Negro rioting here. The .week-long riot, which claimed 37 lives and caused about $50 million damage, erupted Aug. 11 in the predominantly Negro Watts district. It took hundreds of law enforcement officers and about 15,000 comibat- equipped California National Guardsmen to quell the disturbance. Some guardsmen remain on duty to guarantee the peace. "We will move ahead aggressively," McCone said Monday. But he stressed that today's meeting was "formative." Gov. Edmund G. Brown, who appointed the commission, patterned after the Warren Commission that investigated the assassination of President Kennedy, was due to deliver his "charge of duty" at 2 p.m. PDT today in the Biltmore Hotel. The actual investigation of the riot iwas expected to start later this week.. Brown said he expected the commission to complete the job in albout three months. Brown earlier emphasized that he would make no recommendations to the commission. The commission's primary functions are to try to learn the cause of the worst Negro uprising in the nation in a century and to make recommendations for preventing a recurrence. Damage Set at $825 In Two-Car Crash A two-car accident investigated by Jim Green, Westport town marshal, at 4:10 p. m. Monday, two miles west of Westport on Road 1100 South resulted in damage estimated at $825. Green said the accident occurred when a 1957-model ve hicle driven west by Robert Michael Taylor, 25, of R. R. 1, Westport, and a 1964-model car driven east by Lynn Ritchison, 23, of R. R. 1, Westport, collided in a cement bridge just east of the Wesley Cemetery. Green explained that both drivers apparently thought the other was going to yield the right-of- way. Taylor's auto skidded a total of 110 feet and Ritchison's 102 feet, according to the investigating officer. Damage to the front and rear of the Ritchison vehicle was estimated at $600 and that to the left side of the Taylor auto at $225. Westport Driver In Columbus Crash COLUMBUS, Ind. — The left front door of the 1960 car af Warren Riddle of Columbus was damaged an estimated $40 in an acident at Fifth and Franklin Streets about 10:30 a. m. Saturday. The 1961 model of Mabelle Mcllwain of Westport shifted from the left lane to the right lane, striking the Riddle car. Her car was not damaged. MAN CRUSHED TO DEATH KENDALLVILLE, Ind. (UPI) —Norman Weimer, 59, was crushed to death Monday evening on his farm near here. Au- 'horities said the victim died at Xendallville Hospital shortly after a tractor on which he was working unexpectedly rolled backwards, knocking him down, and rolled over him. Officers said Weimer was hooking up a mower to the tractor at the time of the accident. Seek Senate Approval on Foreign Aid WASHINGTON (UPI) — Administration, leaders sought final Senate approval of a compromise foreign aid bill today, but faced determined opposition from Sen. Wayne Morse, D- Ore. The compromise one-year authorization of $3.36 billion has already been approved by the House, and Senate approval would clear the way for an appropriations bill to provide the actual cash. But Morse charged the bill was "another retreat" of an aid program that has done little except result in "stonings, burnings and assaults on American property" overseas. Meanwhile, the House opened debate on President Johnson's proposals to revamp the U.S. immigration system. The bill would abolish the quotas for individual countries established in 1924 to limit immigration. Rep. Clark MacGregor, R- Minn., led the attack on the measure, claiming it would not accomplish its aim of doing asway with nationality as a means of determining who enter the country. Other Republicans charged it would discriminate against mosh countries 'by giving special treatment to Latin Americans. Other congressional news: Feud: The executive director of the Amateur Athletic Union (AAU), Don Hull, said he had "nothing startling" to offer senators investigating a plan to settle the AAU's dispute with he National 'Collegiate Athletic Association (NCAA). Hull and Clifford H. Buck of Denver, AAU President, were called to testify before the Senate Commerce Committee. It is looking into charges that the feud between the two organizations is damaging American performance in international competition, especially in the Olympic games. Devine: Rep. Samuel L. Devine, R-Ohio, was said today to be the top contender for a seat on the House Rules Committee. The vacancy was created Monday toy the death Of Rep. Clarence J. Brown, R-Ohio. He was the senior GOP member of the panel. State Traffic Toll Standing at 907 By United Press International A fatality in Indianapolis late Monday night raised Indiana's 1965 traffic toll to at least 907 compared with 801 a year ago. Authorities said Floyd Golden, 27, Indianapolis, was killed when a speeding station wagon went out of control on the city's North Side, hit a utility pole and overturned. Two other occupants were trapped in the wreckage for about an hour and were hospitalized with multiple injuries. It was the third traffic death reported in Indiana Monday following 14 weekend deaths. The other victims were Mrs. Lillian C. Chmiel, 37, Hammond, and Marion M. Stephens, 22, rural Connersville. YOUTH KILLED CORYDON, Ind. (UPI)—Tony N. Briles, 16, of near New Albany, was shot and killed Monday afternoon while watching his uncle and grandfather at target practice at the Harrison- Crawford State Forest. Authorities said the youth was on a camping trip with the two men and apparently walked into the line of fire. He was struck in the head. Harrison County Coroner Robert Royce said the shooting was accidental and no investiga tion would be held. PUBLIC SALE Having discontinued farming, the undersigned will sell at public auction the following personal property located 8 miles southwest of Greensburg on Harris City Road, 1 mile east of Horace, 4 miles north of Letts, on TUESDAY, AUGUST 31 AT 1:00 P. M. FARM EQUIPMENT—1956 Ford 860 tractor, good condition on good rubber and wheel weights; Ford 3-14" plow; Ford 2- row cultivator; 8' disc; Black Hawk planter with 3-point hitch; rotary hoe; John Deere 4-bar s ! de delivery rake; Case heavy duty 7' mower, 3-point hitch; Superior 13 disc drill; IHC model 42 combine, PTO; Minneapolis Moline wagon with grain bed; Bradley wagon with hoist and metal bed; Case 95 bushel spreader, good condition; Ford tractor jack; Ford hammermill; 40' belt; inetal 8 hole hog feeder fountain; 18" Homelite chain saw; dehorners; castrating clamp; Stewart clippers; 2 cattle feeding troughs; some poplar panels; some small tools and scrap iron plus many other articles. TERMS—CASH. NOT RESPONSIBLE FOR ACCIDENTS. GEORGE T. ROBB1NS Lewis Beesley, auctioneer. Earl C. Bobbins, clerk. Dr. Sam Brings Case To Supreme Court WASHINGTON (UPI) — Dr. Samuel H. Sheppard, convicted in 1964 of the murder of his wife in Cleveland, today brought to the Supreme Court Ms fight to stay out of jail. A federal district court in Dayton, Ohio, ordered Sheppard's release July 15,1964 on the ground that he had been denied his constitutional rights during his sensational trial. Later, however, the 6th U. S. Circuit Court of Appeals ordered him to resume serving his life sentence. Sheppard's petition for review filed with the Supreme Court today questioned whether pre-trial publicity in the case was such that no fair and impartial jury could have been impanelled to try him. He has maintained that a "bushy-haired" intruder broke into the Sheppards' suburban Bay Village home, killed Ms wife and knocked Mm unconscious. Girl Injured in Two-Car Accident SHELBYVILLE, Ind.—Becky J. Stiers, 22, R. R. 1, Manilla, received abrasions of the legs when her car was involved in a crash with an auto operated by Gar Meal, 79, R. R. 1, St. Paul. The accident occurred at 3:30 p. m. S'aturday at the intersection of county roads 800E and 450S, east of Shelbyville. Damage was placed at $350 to the Stiers car and at $75 to the Meal vehicle. OH/ DISTRIBUTION SAN ANTONIO — There are about 42,000 oil companies and more than 200,000 gas and oil service stations in the U. S. UNDER 6 FLAGS ~ MOBILE — This-Alabama city has lived under the flags of six nations since it was established in 1702. .NOTHING TO DO ON WEEKENDS? -•->!'' don't waste them... enjoy yourself instead at LaKe Santee add life to your Hying S your weekends leave much to be desired in family faa ,.. perhaps it's because you've never been to Lake SantetvJ Here is a recreation resort that offers everything for eaypsf able living. The perfect cure for long faces and short .temi pers. Buy a cottage site this weekend on Indiana's MWJsji and finest private lake development. Watch your famE^ff anile again! / DIRECTIONS: Tab Route 74 Southeast past ©reensbufg *».' i New Point Interchange. Follow Indian Signs. . | P. O. BOX 88 • 6REENSBURG. INDIANA A Subsidiary of American Realty Service Corporation, Memphis, Tennessee © COPYRIGHT 1985 BY REALTY What type of p< should buy the hot Plymouth now a shrewd trader! You've waited until now to shop for a new '65 Plymouth Fury, Belvedere, Valiant or Barracuda because you know that we'U be cleaning out our stock of '65 Plymouths. You also know that the deals are greatandthetrade-in allowances are very generous now. So what's keeping you? We're ready to deal today! PAA t Get a clean-up deal now at your Plymouth Dealer FURY/ BELVEDERE/ VAUI ANT/ BARRACUDA ^CHRYSLER IMr MOTORS COBFOBMN* AUTHORIZED WYMOUTH DEALERS THOMAS H. DAY 325 WEST MAIN ST. GREENSBURG, INDIANA — 47240

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