The Hutchinson News from Hutchinson, Kansas on July 17, 1923 · Page 1
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The Hutchinson News from Hutchinson, Kansas · Page 1

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CALL TEL. NO. '4400 FOR THE NEWS THE HUTCHINSON NEWS CALL TEL. NO. 4400 FOR THE NEWS VOL. XXXVIII. HUTCHINSON, KANSAS, TUESDAY, JULY 17, 1923 LAST EDITION. 4 O'CLOCK NO. 187. REORGANIZATION OF FOURTH STATE BANK IS LIKELY Stockholder* Look to Mean* for Salvage. That FAVOR OVER LIQUIDATION If Bank Again Opens it Will be on Rigid Business Bam, Speaker* Declare. THE TURK PEACE WITHIN A WEEK Expected That it Win be Signed at Lausanne Either July 24 or 25. Illy The Associated Press) Lausanne, July 17.—The near east peace conference today formally confirmed the aoreement reached between the allied Turk- l»h delegate* last night It WM decided that the treaty should be signed next Tuesday, July 24. (By The Associated Press) SEIZED $300,000 HIGH GRADE RUM "Hootch," the "Most Expensive Stuff on the Market," Taken. WAS IN LAKEW00D, N. J. Many Hiding Places in Hotels and Cafes and Prohibition Agents Tock it In. lakowood, N. J. ( July 1".—Liquors A re-organlzatlon of the Fourth State bank with the present stockholders paying tho assessments tor whlclrthoy ere legally liable and -purchase additional stock,, tho detailB to ho left to to'cominlUen appointed by tho present (board of directors, waa volod at tho mooting or the stockholders held nt tho Chamber or Commerce this morning. Of the entire amount of stock 621 shares wore represented mostly by., tho holders, n few shares by proxy. This committee is to bring In a report ns soon as possible together "with tho name of some banker who can bo scoured to take charge or tho bank and a vote will be taken on the nniount of assessment necessary to re-finance •Tie. bank so that It will >>o opened Willi the sanction of tlio state bank commission. Temporary President Presided. The meeting this mQruingjvas presided over by Elmer El. Bloom, who was elected president arter tho jdisap- jiearanco of Walter Grundy. He stated the objert ot tho meeting and aald that after tho affairs had been reeog- «l/.od by the directors an examination by state ami clearing house examiners was called for, At bhls examination, It •waa found that |247,400 of what was tormetl bad paper by these oxaminors WAR found In tho bank. Of thla amount $125,000 could bo realizod on by tho capital stock and surplus with a possible $05,- 00ft to be realized on some of this so-called bad paper. Two Means of Proceeding. There are two ways open to the stockholders, one ot wSiich is to allow the hank to so Into liquidation and have a receiver appolntod. This would mean that a legal asoesmucnt (or double the amount hold by tho shareholder!*, the coat of the receivership cutting down tho amount which depositors would receive and mean a Ions drawn out. period „MaI'.'CS-_Blfii would receive dividends Crom the i receiver. Lausanne, July 17.--The Turkish, valued at $300,000 wero seized In raids ponce treaty will bo signed July 24 or 25, according lo presont expectations. Tho allied and Turkish dele- MORE SABOTAGE gates now at Lausanne will be the signatories ot tho main troaty and the other documents to be signed, Including tho agreement Tor control ot the Turkish straits. The Russian soviet govornmout has been iuvitod by tolograph to tiiko part In tho signing ot the straits convention. The agreemont reached last night on the disputed questions ot concessions and the oxacuatiou of Turkish soil by foreign troops will bo adopted at a plenary aosslon of the conference this afternoon. It is expected. Maintains Open Door. (By The Associated Press) Lausanne, July I.—Formal confirmation and approval Is expected to too given tomorrow to tho agreement reached last night by the Turks and within a week tho delegates are expected to affix their signatures to a treaty of peace ending the Near Bast conference. Tho accord reports a victory for the United States where Joseph C. Grew, minister to Switzerland, was sticcossful, in his Insistence that tho policy of the open door und equal opportunity In tho Near East bo adopted. Had It not been tor his tenacity the tentative agrocment, mado last week, unfavorable to Unltod States interests, would have been Included in the treaty. Won Ismet Over. Through numerous conferences with Ismet Pasha, head of tho Trukisli delegation, who appeared utterly fatigued from tho constant pressure from both sides who the final session began, Mr. Grew won him over against tho pleas or the British and French nlenipoten- tar'les. And having won their struggle to eliminato from .- tho peace treaty all future preferential concession rights for.foreign companies and official confirmation ot doubtful exlstlug concessions, tho American representatives will dovoto themselves to considera-. tioh of the new Turkish-American treaty. : horo early toaay by forty federal prohibition agents and county officials. Lakewod is a fashionable resort, ipopnlar with tho weajthy all the year around. ' At the hotel Marlon in Point Pleasant tho agents seized sixty cases ot liquors and at an automobile agency at the point, thirty quarts of whiskey were taken. No arrests were made at any of the seven places raided. The raiders were busy for three hours. In a Basement, Breaking In a basement door at the Bartl.ett inn, they found a room rtttod like a cafe, behind whoso sliding wall panels, whiskey, sherry, and gin filled the shelves. Behind a picture on a well was found a window giving access to a store room under a rear porch. Seventy five cases of liquor were found here. In .placing the value ot the seized liquor at $300,000, Frederick Kroesen, prohibition agent in charge of the raid, said It was "high grade hootch, and the moat expensive stutf on the market." Tho oilier method would be for the stockholders to put up their legal assessments, purchaso new stock, wipe out all old debts and establish a new capital stock of $100,000. They would In time get tfieir mouoy back. Mr. Bloom called upon Judge C. M. Williams, eouuscl for tho bank ta ox- plaiti the plan more fully. Ho brought out that when a business mau Is wiped out by a fire or theft, It It Is a good business proposition he goes back into business. Was Good on Start, "We all know that tho Fourth State bank was a good proposition, that it paid a dividend of 8 per cent in the .past; run as an honest proposition each and everyone of us can make a legitimate profit. In the past, run as- the means to get one man rich, it failed. Not a3 a business proposition though." Mr. Williams drew attention to the fact that this meeting could only bo ono to make a plain statement to 111 shareholders as it would require : tvt-orlhirds vote ot tho stockholders to vote an assessment, but that in case tho bank was liquidated no vote would bo necessary, the state law making the amount of assessment. All Questionable Paper Out. "The $247,400 of paper which was charged off by the bank examiners is not all worthless. Some would bo classed slow paper, good eventually hut hard to liquidate at a moment's notice; somo would be accepted as gilt edge security by any bank; some would only bo paid on a possible chance. But a bank examiner does <not rocognizo this slow papor. He must take-only that which could be realized upon at once. Much of this paper In a going concern would nover have beorfifluestioned. In fact the banks everywhere have paper no better, hut the FQurth State bank is not a going concern and the paper can't be counted in as an asset," continued Judge Williams. "In order to open for business, after n.aklng the lege) assessment and selling new stock it would require about $48,000 to make up the capital stock la cash of $100,000. "This possible.$8&,000 which may JM turned into profit to the bank can not be counted upon but if realized it will make a fino addition to the surplus fund and will mean added-dividends to the stockholders, I feel that it will niean that tho now stock lu the end •will bo worth two to ono. Outside Capital Available. In further discussing the planB of re-orgunlzatlon, Mr. Williams Bald that MRS. HARDING IS FEELING IMPROVED BOMB PLOTS AGAINST CHELSEA, MASS., WOMAN She Can't Explain Them Unless Some Man Who Would Marry Her is Guilty. Chelsea, Mass.. July 17.—Postal Inspectors today described three bomb plots against Mrs. Grace Lewis ot this city. Last Saturday Mrs. Sadio Bonnott opened a package addressed to Mrs. Lewis, her sister-in-law, and found a book. She turned a. few pages and there came an explosion which lacerated her, throw her to the floor and burned her arms. In May Mrs. Lewis received a small cabinet through the malls. When she opened it an explosion resulted, which burned her severely. Several weeks later oxploslve was found packed about the filament In an electric light bulb outside her apartment which failed to light. Beaten With Crank. A year ago sho was severely beaten with an automobile crank shaft by a man on a lonely road. No arrests havo resulted from sev oral Investigations, but the inspectors believe the intent was not to kill but to malm. The police admitted today that they wero watching the Boston residence of-an optician, kuowa to he-a -former suitor of Mrs. Lewis. Mrs. Lewis told tho police that the man under observation beat her once with the crank handle ot an automobile when sho went for a drive with him, because she had refused to marry him. EDITOR PARDONED Sweeping Temporary Injunction Prohibits All Activities of Body\ (By Tho Associated Tress) Aboard President Harding's Special Train, Alaska ll'allrotid, July 17,—Rest soomed today to restore Mrs. Harding from fatigue, which yesterday led President Harding to turn southward over the Alaska Railroad from Fairbanks instead o£ following a plan- cherished by the Alaskans and urged by Mrs. Harding—to proceed back toward the coast by automobile / Nearly 24 hours were passed by-the presidential "party in ^airbankj^Uje j papeft £or ._ Car] & Magee, editor ot.| Us activities passed to tho New Mexico Stato Tribune, Albuquerque, convicted recently of libeling Supremo Court Justice J.W. New Mexico Chief Executive Wipes the Slate After Conviction in Court. Santa Fe, N. M„ July 17.-Gov. J. F. Hlnklo yesterday signed . ^pardon CALIFORNIA IS . AGAINST I. W.W. FARMER-LABOR MAN WON IN MINNESOTA M'ADOO A WITNESS IN MORSE AFFAIR Wilson's Secretary of Treasury Attorney for the Concern. WAS BEFORE DEPARTMENT His Business of Attorney Explained in the Trial of Morse and Sons Today. Washington, July- 17.--William CI. McAdoo, secretary of the treasury In the cabinet of President Wilson, look tho witness stand today In the trial or Charles \V. Mo,-,,, ,,,,,1 his as- soolalos. charged with defrauding tho government In their w-u.r time ship •building contracts. "I never was interested In tin Virginia Ship Building Corporation in any shape, manner or form other than as their counsel," he said. Counccl For Company. A report hy nil invOMi t^ator, regarding the Virginia company was ex.-lud- but the witness was allow,..1 to ed, northern, terminus of the The president left there la3t evening greatly impressed hy. tho agriculture and the mining of what that city, sometimes called the Chicago of Alaska, is tho center. But he was much disappointed at mis'sin.'; the auto trip which would have led for 325 miles over tho Richardson highway to Chitina, where a train would havo been taken on the Coppor ltlvor and Northwestern railway to Cordova. At Cordova the party would have boarded the. navy transport Henderson on which tho president and his party loft Tacoma, Washn., July 5 and hy means or which they visited the principal points lu Southeastern Alaska. . The president expects to go upon the Henderson at Soward, where tho party left tho vessel, and to proceed to Cordova. KANSAS FEDERAL AID FOR ROADS USED UP Practically All of the $1,800,000 Given for This Work is Apportioned. (Continued on Page 9.) WEATHER-AND ROADS Pittsburg—Cloudy; roads rough, Emporia-—Part cloudy, roads rough. Sallna-'-I'urt cloudy, roads fair to good. I Arkansas Clty ^-Part cloudy, roads, food. , Topeka—-Clear, roads good. Coffeyvllle—Oloar, roads eMl,. Wichita—-Part iloudy, roads fair to good, ,;,<;-©ttawu—CJ*»r,i>oads good 1 , Kanisf'Clty—Eslr. roa4a'goo4£ -'••nt" UiitcatBaoa^lsar, ro&dt good. Topeka, Kan., July 17.—Noaly all ot tho $1,800,000 in federal aid road money which was available for Kansas at tho boginning of tho present year has been distributed, Captain L. R. Tillotson, state highway engineer, announced today. Counties making application for federal aid from now on probably •will have to-wait until tho 1924 allotment for this state is available, he said. Applications will be accepted and approved with the understanding that federal aid will bo granted as soon as next year's fund is ta hand, Tillotson added. Parker and of contempt of tho fourth Judicial district court at Las Vegas, presided over hy Judge B. J. Leahy. The indictment on . which Magoe was tried for libel "waa obtained without tho knowledgo or consent of the party supposed to havo been libeled," Gov. H inkle said in commenting on the pardon, and trial was hold In a district court where neither Parker nor Magoe lives. The bringing ot Mageo to tho bar seemed to be a .conspiracy and more of a persecution than a prosecution." As to the contempt cases, Gov. Hlnkle declared they also "were a persecution, the sentences harsh and beyond reason, and the whole procedure a disgrace and a blot upon the name of New Mexico and the good people thereof." Sacramento, Calif.. July 17.—California's, war against the I, W. W. and "new stago today following tho issuance late yesterday hy superior .Judge Charles C. Buslck of Sacramento, county, of a sweeping temporary Injunction prohibiting virtually all activities of the organization ami aft'iiiated bodies in this "state. Hearing on making Lhe injunction permanent was set. tor ,luly 2;i. ruder tho terms of the writ more membership In the I. W. W. or atlillatcd bodies will be construed as contempt of court, punishable by six months imprisonment without the necessity ot a jury trial. Tho injunction will bo valid in every county in tho stale and any superior court will have jurisdiction. Scores or I. W. W. have been sentenced to prison under the act In i pro- j :avu Magnus Johrtson, a "Real Dirt Farmer," Goes to U. S. Senate in That State. HARVESTER COMPANY TO GET SOME MONEY Mixed Claims Commission Has Awarded Concern Some German Coin. A CONTROVERSY OVER LIQUOR Anderson and Banton Are Fighting for Upper Hand in New York. New York, July 17.—William <il. Andorson, and District Attorney Joab H. Ban Ion, are in controversy as a result or second grand Jury investigation or Anderson's -connection—with tho state anti-saloon league's financial affairs, Anderson Issued a statement last night charging the district attorney with having told Mrs. O. Bertsall Phillips, wife of the principal wltnoss against Anderson, that he would "put Anderson out o{ business," and that such a step would "make me governor." The dry loader appealed -to Gov, Smith tor an opportunity to submit proof of his charges. Banton declared it was Mr. Anderson's duty to.lay aU the facts Ee had in his possession before the governor and that "the governor should remove me If It Is true." "Bus he won't." "added Mr.- Banton '.'Tot-', can't ..(get Andorsonunder auXUf .' ' - * THE PHILIPPINE CABINET RESIGNS (By The Associated Press) Manila, July 17.—The climax In the political war between Gov. Qen. Leonard Wood and Filipino officials came today when the cabinet and council of stats tendered their resignations In a body. The governor-general accepted them. Washington, July' 17.—In Its first decision in settlement of American war claims against Germany, tho mixed claims commission has awarded $3,31-G,765.9<2 to the International Harvester Company In restitution ot cash assets of subsidiaries of the company seized by the German government lu German banks. The decision, announced yeBtorday was expedited by an agreement between the German and American representatives on the commission, the German government's liability being undisputed aa duo contesting brief being filed. The German government was . understood to be prepared to make early settlement of the award, the determination of which alone comes within tho authority of the commission and not the collection of damages. NEW SANTA FE LINES IN CALIFORNIA SOON Ban FranctBcd, July 17.—The Atchison, Topeka and Santa Fo railroad is 'considering tho building of a new line from Bakeraflold, Calif., to Los Angeles, it was announced here today by J. R. Hayden, assistant general traftlo agent of His system. Mr. Hayden said doflnlta decision on tho project would bo made when a suiv vey, now being made, waa completed He also announced, that »' litis would «• instructed' 4 Irota *X6i •Angstes•• to? aaa Psdro • A ,i *»i, » • .« ~» California, but trials have been longed and jury disagreements been many.;. MODERNISM TOO FAR. New York, July 17.—Bishop William T. Manning has ordered removed from the' high altar of the Cathedral of St. John Tho Divine a $9,000 receiver for a 6ystem of amplifiers, declaring the Installation was "carrying modernism a bit far." He made no objection to the system as a whole. (Hy Tbi Aje:oel;iti-<l Prt-ss) St. Paul, Minn., July 17.—Minnesota's representation in tho United States senate lias been turned over to the Farmer-Labor party as the result of another political transition the stale went through in the special senatorial election yesterday. Magnus Johnson, of Kimball, Minn., a "real dirt farmer," gained the covet, ed post vacated by the recent death of Senator Knulo Nelson, additional returns today from tho special election swelling his plurality. lu 1800 of the state's 3,WO precincts, Johnson had a lead of more than 27,000 over (rov. ,1. A. O. Pre-ua, Republican, with James A. Carlcy, Democrat, trailing a poor third. Are With La Follette. Senator-elect Johnson will sit with Ilenrik Shipstead, who was elected last fall over Frank li. Kellogg, Republican. Both Johnson and Shipstead are Farmer-Lnborltes and have uniiounci-.l their intention to affiliate with the "followers of Robert M. La FollotLo." In congress. Though jubilant over this victory, tho "real dirt farmer" senator was more concerned today about "getting his haying done," than things political and he sought to postpone statements Incident to his election, but he did let d;o;i a few remarks. To Do His Haying. ' "Well, hoys." he said, "1 put it over; I beat 'Jake' ['reus as I said 1 would slate that after a conference with his partners, the firm became couivio! for the Virginia company. "Wo then proceeded i<> p,et the case before tho shipping hoard at. Washing, toil.'' raid Mr. McAdoo. "1 presented It first to K'hvard N. Hurley, (former shipping board chairman) by telephone, and asked If we could have a hearing. Mr. Hurley said ho would he very glad to five a hearing at an early date. I told Mm thai we were advistMl that the corpora! ion wss In very serious financial digress because of delay In progress payment;* When I restated thu financial oxigo-ioloH of tho company. Mr. Hurley said he was willing to msUe a small payment on acvfiunt and that he would direct payment of JlOfl.OiHi on ihe-o claims." ^ Blocked a Payment. General Counsel llym.iu of the emergency fleet corporation at i'iilla- dolphtu, blocked the partial payment of $\0O,tltiU- Mr. McAdoo ,-utd, o:i tho ground that the Vlimnhi company's claim for Jl.ieo.noo was itisi-enrote. "Mr. Ilylliall said," the witness added. "t hat * If 1 would come before tho fleet, corpora! ion with coy haichi he.M up ixrlnimiuK 'kumarcd' he voud make the 1 t-nt He War, dlguaniiy roj 1'av icjnant. ;-fod (he proposal, (Continued on Pago 9.) THEY ARE TO WORK OUT - THEIR OWN SALVATION Delegates to Farmers and Wheat Growers Meeting Would Reduce Coat. •<1 i'rvs.l) 17. -Doloi WEATHEB REPORT. Temperature Past 24 Houra, National UoMdlorj. 4 P. M . . .85 i A. M e p. M 85 i P. M . . .S3 8 A. M. , . . 10 P. M ...80 10 A. M n MldnlEht.. . . .77 13 Noon 2 P.M.. .. (fly Tho A,m.vl;it Wichita, Kan., July to the first annual nicotine, ot t ho Southwest Wheat Producers' association went hack to their I arms lu Oklahoma, KKtisns, Texan, Colorado and Nebraska today, determined to work out their own ;,aKation In the mailer ot reducing the cost of production or obtaining a higher markot price for their product. The conference, which adjourned late last, mailt, after an all-day cession, wiiu characterized by 'ineivenor Dawe, executive vice provident of tie. National Wheat Council, Chicago a:, the most "sober minded" meo 'Linr, of wheat growcrj ever held in tin.: ille west. Threshed Out Own Problems. The delegates threshed i problems among themselves iiul- Iheir id no I can go home and heip iny' so'iis \ suggestions were voiced regardli ed.-ral i;c fixilli; tin eminent lu-lee of PERSHING TALKS INTO EAR OF AMERICAN GIRL Advises Her to Marry Only Man Who Has Served His Country Well Mount Gretna, Ps., July 17.—General Pershing wants American gitls to pick their husbands from men who have served in the national guard. gpeaking to Pennsylvania guardsmen in camp here yesterday, be said he hopod the day would come when every American girl would demand that tho man who sought hor In mai> rtago be ono who had served his time as a volunteer, willing to face every duty of American citizenship. 7 am going |o;s»y. a word D»tlU» 'ear of oar Amorlcsn girls (or Uwe Maximum, no. WEATHER FORECAST. Kansas—Partly cloudy and somewhat unsettled tonight and Wednesday; little change in temperature. PLENTY OF y/Of \K f ArAO TO DO IT, THAT'S GOOD LUCK r\t >\D GOOD Pr \\v.ot>opvv< Uirfor»iiuM» by tlm \ In tho liiultLtr ul \vhi.:;it. I Among tho nub j nets (HHIMKSH'MI al. Uin ! seatiion w«r« divur.-iiffumum',, ; Biimmor f;illijwlnn, belt-riinn ut. hiitUT Hfiod wtu'ut. ipmntily that, should !i«- : iuiMliieott, orderly mi.i'koitru',. ru+\ of production, terminal .-li-vjitor.., :»nd othor probh'iiirt oi tm-.-MMU Lo tin) wheat Krowor. Mwu iiromimmt In the production i>J wheat marliting, experts ami aj;r:^ul- tumt ocoiioniiutH from (lie H«>ut;r.v<. : >t, and more tban 2U0 whvat producers attended. Officers Chosen, Tim conferees, called hero by .fniin A. Whitehui'rit, prewiilent ot the Oklahoma atats board of Agriculture, Heet- e-d officers uf the organization follow- "Zimmie" gel the haying done. After that I can do some mere organising before I go to Washington." Pressed tor details ot his organization plans ho repeat.edii.il excerpt from his campaign keynote speech: "I wilt 1 do this because I believe the farmers and the workers ami the business inen can, hy united action better their conditions." He was willing to let It be known In a semi-official way that ho was "against the world court and the league of nations and any other foreign entanglements," He's For Russia, For the present he preferred not to discuss recognition ot Russia, "though between you and I, I am for recognition right away." Prohibition ho uasaod over, but expressed himself as tor a soldiers'; ,n 8 'he regular business meeiiii bonus, payat'j out or excess profits. | E - E - l'VI»«U. of I-anied, waa elect Charles II. Adams, chairman or the Republican stato central committee,! attributed the defeat of Gov Preus! to the fact that "tho best effort of ! Ilopubllcuu workers wore unable to' overcome tho evident feeling ot unrest: and dissatisfaction with economic con-! senlus of the fanners will (iu-l a v.ad­ ditions, which found iti vent In a pro- out by next year from lb • |ire;, ; oiie of Judge was W, U. (Imij;li. chosen Hoero- ed preaideut, and of Amanllo, Ti tary. When asked today as to the effect tho conference would havo on tan producers, Mr, Uav.'.< >.i.id thaL tin test vote against, the party In powoi No Statement. C<>v. Prous, who had announced his support erf the Harding administration, had nothing to add today to bis brlnr .iai.oninat thanking his • •p-port- era for their votes. He will continue as governor until January I, 1025. He has not indicated whether ho would try for the long term souatoHul election Hi 1H2-1, for yesterday's ..lection' simply was fur 'he unexpired term or the kite Senator Knuto Nelson, or until March I!i25. Johnson expects to be a candidate for tho long term, friends said. No Dictation. Senator-elect Johnson, whllo announcing adherence to tho principles -for which the l<a Kollette group are tho present mom Is not created Stales no far a •nt., "who li pressure within t'"« liiitud pine i,, concerned, but created by world <-ump-tltion and tho piico set 111 I.Ire;-; ool." Four Conclusions. Mr. Dawe sale he hud drawn four conclusions from (e.o confer., nee: That recofoiltlon of world conditions shouW fore, wh-cii prices down. riepeudelice of lie, wheat growers i>t America iim.il be no America ltsolf. Conscqntntly, .-.ome method ot reducing the ac.-.avi is the wise thing to do. People of Am ns to tho pre.-i sympathy will era. "from that continued, "the !t H i*^^ U...l u . be ca must ha advised . sltuution so that gfvsn wheat grow- point of view," Daw'' wheat council of tj 1

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