St. Louis Post-Dispatch
June 8, 1923

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(Copyright, 1923.) A ee ee — en ge ———— ag —_- —_—— . ox J ; — — Ne ‘Part of — . _ —_ SS mt © ’ ~" i ows ens -dise at a vents trade announcing: Greenberg and 'fanged with him for the sale, not to | Use the name of their company or ) ef themselves as individuals in ad- AVOID the SATURDAY NIGHT RUSH * File Your WANT ADS for the BIG SUNDAY POST-DISPATCH EARLY SATURDAY Closing time is 9 p. m.—but don't wait -nti} closing time—Get better service by filing early a lll The Only Evening Paper in St. Louis With the Associated Press News Service. ST.LOUIS POST-DISPATCH ~ ~ — a VOL. 75. NO. 273. MONYMOUS SALE HELD BY BANKRUPT ANCERN DISCLOSE Dry Goods Stock Auctioned in Vacant Store, Secretary of National Job- bing Co. Testifies. NKRUPTCY ACTION ~ FILED 3 DAYS LATER He ing Held on Order to ’ Show Cause Why Officers Should $50,000 ta Creditors. Officers of the bankrupt National! wholesale dry goods obbing Co., caer at 624 North Ninth street, Held an anonymous auction sale of “pew dry goods, for which they had) pot yet paid, in a vacant store at 4824 Baston avenue last October, dis- | posing of part of a $26,000 stock of merchandise at the sate at iess than “$0 cents,on the dollar. Nathan Greenberg. president of the defunct concern, bought in a large part of the stock and shipped it to M. Soékut, a retail dealer at FE] Paso, Tex., billing the merchan- price less than 15 on the dollar, “according to the testimony of Samuel Sacs, mecretary of the National Job- hing Co., at a hearing yesterday fure Referee in Bankruptcy Coles on nn order to show cause why Green bere, Sacks and John Eliman nresident of the comvanyv, shou'!4 not turn over $560.000 or its equiva- \ ice lent to creditors of the dehtor cun- cern. Showrooms. (ioods Taken From Sacks testified the coods the auction were taken from stock in the Ninth street shcewrooms and hauled to the vacant store in auto trucks and that Ben J. Rons, auctioneers. were emplovec te renduct the sale, being paid a con:- wWission of 7 per cent on coods ught by outsiders and 5 ner -eri on goods bought by the National Jobbing Co., represented at the sale by Greenberg. ’ The auctioneer, directed to « lver- tise the sale, sent circulars the “In accordance “With instructions from our con- sold at To ‘Signor. Who has shipped to us for ua ' better market, we will sell the fol- | lowing, etc.”’ Alex I.. Selkirk, mem ber of the firm of auctioneers, tes- tified he received instructions from Eliman, who ar- rtising the sale. The auction sale was held throge vs prior to the filing of bank- picy proceedings instituted against company by its cr@litors, testi- my showed, and the sale of goods m® Sockat was made while Samuel Wieder. representative of the Amer- n Clothing Manufacturers’ Credit ~ureau, was in the city threatening ) start the bankruptcy action, two days after the auction. ; Policy of “Quantity Selling.” | Sacks testified Greenberg acquired $m interest in the company in June Of last year and that he imme tiately posed a policy of “quantity oe padteliieediieNs. oo. ee a ST. LOUIS, FRIDAY EVENING, JUNE 8, 1923—48 PAGES. PRICE 2 CENTS _———_—_— Husband Sends Out Formal Invitations German Plaintiff Wanted His “raza wnes om OF MRS. TODD ON Friends to “Listen in on Fail- ings of Wife.”’ the Associated Preas. BERLIN. June press and public usually show little interest in divorce trials. and a Ber- Ry lin Judge therefore was rather sur- | prised to find his courtroom packed of of » . » with visitors. Counsel for the ie- fendant Wife requested exclusion of | the spectators, whereupon it was re. vealed that her husband. the plain- tiff, had issued 100 formal invita- tiuns printed on gold-bordered cards and sent to his neighbors and friends. The cards read: “I have the honor to invite and to listen in the failings of my wife.” on Immediately upon this disclosure. the Judge cleared the courtroom and five minutes later sent the marital] Not Turn Over litigants on their respective ways, divorced. OKLAHOMA BORDER PATROL MAINTAINED AGAINST OUTLAWS Extends Along Missouri and Kansas Lines—Designed to Facilitate Captures. By the Associated Press. GALENA, Kan., June 8.—A patrol to facilitate the capture of bank robbers and other outlaws is being maintaineq along the Kansas-Okla- and Missouri-Oklahoma ders by a force of State, county and law enforcement officers, ac- cording to John H. Penland, Okla- homa State special officer, under whose direction the operations are being conducted. The patrol extends from Arkansas City, Kan., to Galena, on the Kansas- OKlahoma border, and from Galena Westville, Ark... along the Mis- line. According to Penland, the paign against outlawryvy was under- following the recent raids of Penland expressed the opinion that the bandits make their headquarters in Kansas City, St. Louis and Denver. where they divide and dispose of their loot. TWO AMERICAN CAPTIVES ILL Friedman and Solomon Reported to Be Suffering From Malaria. cani- d “ any flourishing city would re- ) ‘eal the fagt that the moat of > them -are latge owners of divi- > fend-paying real estate. ) They realize the 5 Todd's | value of real estate and theifs is a worthy example to follow. § the | Population increases: cities ‘ grow, but the amount of avail- with | able real estate remains fixed. said | Ss investment : Louls real estate is no ex- ception. It is a wise invest- ment because this city is devel- oping rapidiv, and rea! estate investors today will find their holdings becoming more valu able all the time. The “‘Real Estate’ columns of The Post Dispatch are a guid bes Ppurchasable re Follow the y every day. ing opportunity itself. 5 offerings Your buy- will present Or. Af you own you must dispose of. reach St. Louls_ buyers through this medium Write an ad ani it with or real estate ter resort’? What sort of swimming ‘suits do ladies wear down there?” | '. “Fashionable swimming suits.” | | | IT able?” “Cut very short and very low.” Mrs: De Corcy testified she “Continued on Page 3, Column 5. / leave TO The Post - Dispatch Olive 6600 or Central 6600 began yesterday afternoon and end- | hours of‘:about two’ hours, 2 and | ‘The AC-1 was still 90 miles east of | exciting foreneon around the Wink- Ready to Grant Facil- | 18 was aware of the buyer's age. An- | the beverage is served as part of a | ; ' ; ; ’ ; bring | controls ' } ' | } home hangar at 8:05 a. m. yesterday | LO | ' ' ' i / had gone to its fate the night before | i / | | ; ' Flood and C. M.| Wright n | remained there as members of the on | military -AC-1 and the start back was ma‘de/quiring into the causes of its de- | ah , i it may be ‘AC-1 of Scott Field Is 14 Hours-in Returning | From Dayton—Rudder Control Broken— Crew Plays Cards. romance, mile wind on the bow held the speed in the re-|to about nine miles west by 4:30 p. m., when rain began to fall. The craft was running about 1500. feet Field, | above ground. ; Rudder Control Breaks. Rain and lightning lasted (for kept up all night. The pilots kept the ship dodging around to seek the best air channels. Then the rudder broke and the aerial ad- venturers were at the mercy of the wind. It took Sergt. Bishop, with his , | | ' | | though the wind |. expert knowledge, two hours to find | and repair the cable break. while the ship had been blown about Mean- | 60 miles eastward, like a free bal- | loon, far east of Dayton. Twice again in the night the rydder | controls broke, but repairs were made more quickly. Flying was by compass in the drakness. The first check of location by landmark was at 4:15 a. m., when Bloomfield, Ind., was spotted. That was 10 south of the course originally planned, which showed how well the compass had served previously. At 6:30 a. m. the wind abated. Scott Field, but the rest of the ‘jour- ney was made at about 45 miles an hour and the landing was at 8:30 a. m. Value of the Closed Car. The trip illustrated the efficacy of the closed car. The crew wore or- dinary uniforms and the parachute harnesses prescribed by regulations, and kept warm and dry. They had fried eggs and coffee for supper and Wright Field, because there was no| breakfast, cooked by the heat of the motor exhausts. .The officers took turns piloting, playing cards by elec- tric light and sleeping on bunks. The ship’s 190,000-cubic foot gas bag is 169 feet long. It has two 125-horse- power Aero-Marine motors. Lieuts. Clyde A. Kuntz and Ira Koenig, who had piloted TC-1 to Field on a training flight, investigation in- board of struction. -_—_——— eee FOL FRAUD TA sé , ~ 9 . ing the fact that the ultimate pas- | Hog Creek Caruth One of sage of Lady Astor's liquor bifl has} Two Promoters Given Year’s Sentence and Fined $5000. Rv the Associated Press FORT WORTH, Tex., J. W. (“Hog Creek”) Caruth and L. June 8.— 'G. Reynolds Jr. pleaded guilty yes- ' } ' i } | | ; ; ' ' ; ; was ready to grantwfacilities to the | rerday to charge of using the mails to defraud in promotion of the Ca- ruth oil companies. The trial, which started Wednes- day, was brought to an abrupt close when the two defendants decided to withdraw their pleas of not guilty and pleaded guilty to the charges in the indictment. Federal Judge Benjamin Bledsoe sentenced the two defendants’ to serve a year and a day in the Leav- enworth penitentiary and to pay a fine of $5000 each. It was set out in the indictment that Caruth claimed in the literature of his company to be a great geolo- |gist and the ‘‘greatest fortune maker for others the oil industry has ever known.” The indictment stated that he was in fact a “country town 'barber who accidentally had profited the accomplishments of others.” by Ju ‘The Federal | The Government charged that he Power Commission has granted t0O/| wo. not the head of the Hog Creek the Ford Motor Co. a license to de- Oil concern, bat invest- Co., a successful only posing as that to lure Minneapolis |4rs into his own companies, the J. W. Caruth Co. and the Hog Creek Caruth Oi) Co. “General” Robert A. Lee, Charles Sherwin and H, H. Schwartz were convicted of using the mails to de- fraud in oil promotion last Monday. Four other defendants in the fraud cases pleaded guilty last Tuesday. $5000 FOR INSULIN RESEARCH | i | | miles | Winkelman & ' } ‘ | ' | | ; ; WINKELMAN CURB BROKERAGE HOUSE 1S IN BANKRUPICY Receiver Named for Second Largest Member of New York Curb Market on In- voluntary Petition. SUSPENSION OF FIRM ANNOUNCED District Attorney Calls on Police to Aid Him in Tracing Records of the Concern. By the Associated Press. NEW YORK, June 8.—An untary petition bankruptcy filed in Federal Court today against the stock brexerage firm invo:- in was or L L. largest Curb second York > member of the New Market. The petition was' the climax of an elman offices during which the doors of the firm were temporarily closed, only to be opened again late-. Liabilities of the Winkelman firm were placed at $1,750,090 and assets at $1,500,000 in an application /or receivership made before Federal Judge Bondy. Judge Bondy nam2d Charles L. Livingstone receiver wich bond of $50,000. Suspension of the firm from New York curb market was founced shortly before noon. The firm has offices in Chicago, Philadelphia, Cleveland, Akron, Zanesville, Marietta and Findlay, O.; Pittsburg, Baltimore, Milwaukee, Parkersburg. W. Va., and Greens- burg and Uniontown, Pa. It was the largest house actively in business on the curb market, the only larger one, that of Jones & Baker, having gone into bank- ruptcy and been suspended last week. P In announcing the suspension the New York Curb market instructed other firmis having contracts subject to the ryles of the exchange with L. L: Winkelman & Co., to close them out ‘“‘without unnecessary de- lay.’ The bankruptcy of the firm _re- sulted in extensive forced liquida- tion of many stocks, which yielded one to three points under the sell- ing pressure. Standard Oils of In- diana and Ohio were among the leading stocks to lose a point or more. The Winkelman firm, which be- came a member of the curb market in 1916, specialized in curb oil stocks and Standard Oi! securities. One of its most successful promo- tions was Salt Creek Producers’ As- sociation, which operates in the Wy- oming fields. Members of the firm are L. L. Winkelman and A. K. Nicholson. Nicholson formerly was a member of the Consolidated Stock Exchange, but resigned several months ago aft- er an investigation of his affairs had been instituted by the Board of Governors. The bankruptcy petition ws filed by the Sorg Printing Co., Charles E. Brady and Packard Bros., Inc? District Attorney Banton, who is investigating charges of bucketing against several bankrupt brokerage houses, today caHed on the police to aid him in tracing records of the firm. which disappeared a few min- utes after the bankruptcy petition had been filed. Banton sent Assistant District At- torney Gibbs to the Winkelman house as soon as he learned of the crash. Gibbs reported he had been in- formed that several large packages. presumably records of the firm, had been taken away in a taxicab. teorge Gordon Battle, attorney for the firm. issued a statement de- claring his clients asserted they were solvent And intended to co-operate with the receiver to the fullest °x- tent for the protection of their cus- tomers. Attorney Battle denied that any records had been removed from the Winkelman office after announce- ment of the failure. “District Attorney the ane Banton will Rockefeller Also Gives $10,000 Each ana.” he said, “that all the records to Two Other Toronto Hospitals. By the Associated Press. TORONTO, June g—John D. Kockefeller has presented the Uni- versity of Toronto with $5000 to be used for research in insulin, to be conducted by Dr. F. G. Banting, dis- coverer of the insulin treatment of diabetes, it was announced yester- day. Sick Children. - First of Texas Bariey Marketed. By the Associated Press. ABILENE, Tex., June 8.-—The first barley of the new crop was mar- keted here yesterday, selling for $1 per hundredweight.. New wheat and oats will appear on the loca! market next week. Announcement was also made of gifts of $10,000 each to the Toronto General Hospital and the Hospital for ' | are in the offices as they were before filing of the bankruptcy petition.” 95 CASES CONTINUED UNTIL THE JUDGE LOOKS UP THE LAW The cases of 25 alleged violations of the prohibition law were con- tinued by Federal Judge Faris today, on a demurrer stating that the de- fendants were charged with viola- ing the old internal revenue law and that the Volstead law takes prece- dence over former legislation. Judge Faris was not certain about this, and continued the cases to look up the The old law car- —- $2,000,000 LIFE INSURANCE POLICY OBTAINED BY WIFE OF MARSHALL FIELD Ill ‘ the Associated Press. CHICAGO, June 8. $2,000,000 life insurance A policy, said to be the largest ever issued to a woman in the United States, has been taken out by Mrs. Evelyn Marshall Field, wife of Marshall Field III of Chicago, it became known here yesterday. Her husband, head of a La Salle street brokerage firm and heir to the $120,000,000 Field estate, is named as sole bene- ficiary. BILL, THE MAYOR'S COOK, QUITS OVER NEW DOG IN THE FAMILY Houseman Ends Long | Family When Somcone Giwes the Kiels a Howling “German.” | Bill Wiseman, hotseman for i Mayor Kiel, has quit his job in dis- gust. He has been in the Mayor's serv- ice ever since the Mayor's marriage. He was in the family of Mrs. Kiel before that. the family some 32 years. He pre- sided over the culinary department with a gastronomic art par excel- lence. It’s tough to lose him—and all over a dog. Bill wouldn't stand for the Ger- man police dog that “Liy” Morse, at Excelsior Springs, well-known to all politicians, had a friend send to Mayor Kiel the other day. Bill and Prince Charles, the Mayor's dog, were pals. He told the family sev- eral times he wouldn't stay if they ever got another dog. Bill says the new dog howled all night, but the womensfolks decided to keep it anyway. That was enough for Bill. FEarly last Monday morning he packed up and departed. “Looks like one German out and another in,”” the Mayor joked, evinc- ing remarkable composure under the loss. “But Bill was a mighty go00d took. I hope he comes back.”’ He said he guessed the dog was there for keeps, though, and that Bill would have to amend his ulli- matum, FORMER PREMIER VIVIAN] OF FRANCE FAINTS IN COURTROOM Taken Home in State of Collapse— Has Been Depressed Since His Wife's Death. Ry the Associated Press. PARIS, June 8.—-Former Premier Rene Viviani euffered a _ fainting spell while pleading a case in court this afternoon, and was taken to his home in a state of collapse. Viviani, while addressing the court, appeared so fatigued that the Judge asked if he did not wish to rest a few moments. The former Premier made no reply, but stood looking vacantly at the court and suddenly crumple don his desk. He recovered from the fainting - Favors Inter-Allied Reply. i 9 vors a common inter-allied reply, it seems certain a joint : will be possible ly if agrees to leave no doubt tn the as to. necessity of discontinuing the K resistance... Upon this point : > The expectation here is that south portion, and warmer in north- | feet; @. fall of . 5 bm ie ae « tyes Stage of the river ‘at Ta. m., 12.5 = : tI we he SL Ce 7 ae Pe =a MEG, De iP Be, (2 rey Seaee ge ee OTS % s wll i s ang - ; ; : é z ’ * Aan "9 yy ah PER, ete ne Pe ee ee Wn ee ee * ao & — note delivered to the entente allies Paris and Brussels are keeping in | favor a curt dismissal of Germany's 5 Belgium te said | passive resistance jn the Ruhr, ~~ | The Beigium Cabinet strongly fa- and France are agreed. ° ~~» tage va io a Ae ‘ : cussing the advisability of making @ ~~ reply to the new German reparation” — 3 \ ‘'% ee 2 a knowledgment in, such a matter as s might leave the way open for a tains an absolute official silehee on Germany tg- © Nee “ 7s “oa my 4 IS ty 0S RE 0 WR oO | ETE DE NS Lag ee