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KILLED
Mass., Nov. 15. report of proposed co-operation between the two in the Senate to pass appropriation bills at the of the the to Call Conference coming short session Congress and prevent SLUMP necessity for special session for that is welcome Devise Means of Driving ON to NATURAL The and encouraging news. responsible elements in the Out Extortionists. Senate intend to conduct the nation's business and not to
Service Commission Orders Cities sidiary at Kansas City to Schedule.
OF REFUSAL
Concern Contends Line in Interstate and Not Liable to merce Supervision. the Jefferson City the CITY, Nov. The first step in campaign natural gas pipe line place panies in Missouri under State and control was taken pervision the State Public Service today by took the form of letter to the Cities Service of KanCity, directing company to the commission schedof rates on industrial gas sold to consumers or disposed by follows the company vious refuses to meet the commission, its supervision, understood commission will take steps force to do so, either mandamus suit, or other court action.
Many Such Companies. sidiary the widespread Cities Service only of group pipe line panies and distributing distribute its boundaries. The the companies that they gaged in interstate hence subject the supervision State Commission. This contention effect makes possible the arbitrary fixing of prices by the pipe companies recourse by consumers. The City typical. Cities Gas product distributed through the Kansas City Gas member of the group, and hence financial control. has shown that the the cubic gas To the charge only The Sale to Industries. users get their rectly from the pipe line which pays distributing pany fee of cents thousand use its mains. Because the of in such cases direct consumer from the pipe company, commission exercise control the under conditions the rates the City Gas Co. operates pubutility, classification now seeks to the pipe line Without State 'supervision pipe line company able rates, which the distributing company merely passes consumer. The situation obtains at several other points where natural being distributed.
Knoxville, which had funds deposit, was of State heavy withdrawal by forced close doors, the positors State depository of Nashville, failed open the day before. following Tennessee Hermitage Yesterday National Bank of Nashville experiall day, which enced the time. Neither the stood Hermitage had Liberty nor affiliation Caldwell deposits State Holston Bank Knoxville in Caldwell's Bank in Nashville amount total of emperilled by the failures. The Bank, the National, which controlled James father Rogers and chairman board the State Life Insurance Co. St. Louis, saved from possible merger with the American National and the James Caldwell any connection the the pository. combined depository of invested capital The elder Caldwell once trolled the Cumberland Telephone Telegraph that interest and merged the Fourth First National banks, which he headed recent his son's business.
Enters the Political Game.
Until years ago Rogers had business Nashinvestment almost in municipal securities. Then he pand and about time took interest in politics. From that stock swinging deals. such acquirement of control the Insurance Co Louisville, Cotton States Insurance Nashville the Missouri State Life St. Louis. At time he controlled per cent of the stock the Missouri State but that has less than 30 per said to that. The 30 per cent owned the of Louisville, Caldwell has and of yesterday petition liability the defunct Bank Tennessee, he been told. deposit about by the Missouri State This mand deposit, secured certain collateral. value the Interal will determine insurance company will eventrecover. In the beginning of his period expansion method purchase county bond issues condition that money from be kept deposit bank bank him until used. Thus great way. In period of broader expansion especially funds began flow into depository, nanced himself and others interests Southern hotels and large the Memphis Commercial Appeal and the Caldwell apparently stood well political interests dominated by State had back large block bonds which there had default several years introduced in Legislature to take them off his hands. was fought by local ning paper and the matter dropped. Caldwell magnificent home seven from the city, estate about 1000 He great fox hunter the founder Grasslands Hunt Club. string of race horses has fine stable of horses and hunters.
News of Consolidation Stops Run on Hermitage Bank. the
Tenn., Nov. Heavy from hermitage National Bank, began abated day, following that the Bank had taken the affairs the former the and financial support the other
Receivership Bill Asserts by Caldwell & Co., Bought
FRAUD IN SALE OF STOCK ALLEGED
Counsel for Louisville Concern Asks for Dismissal to Protect Insurance.
By Staff Correspondent of the Ky., Nov. hearing Circuit Court was this afternoon motion dismiss receivership suit filed yesterday against Life Insurance by Thomas Bradley other Counsel for the company. the made the petition for said quick tion for the which of life insurance in force, and any hindrance the proposed sale of shares of its stock owned by Caldwell of receivership. Caldwell holdings are majority of the stock. The company the largest of the souri State Life Insurance Co. of St. owning of the shares, per cent. Fraud connection with of this stock to the insurance company was charged in the petition. Caldwell formerly owned more than per cent of stock of Missouri alleged transof Missouri State price the stock selling $32. The petition the Shelton Saufley, formerly Insurance Commissioner Bush Allin, Caldwell fraudulently the State depository at Frankfort "large sums of money securities the and that the menaced Hon. Bush Insurance of the State that the State reluctantly, but finally with some kind of agreed the transactions here set charged Saufresigning Insurance years ago, an employe of Caldwell Co. The statement executives said receivership except effort critical time public mind state of doubt and
Plan to Centralize Control of Missourt Life in St. Louis. meeting of the rectors of Missouri State Insurance yesterday another meeting would be held next act plan centralize of the company in understood that to accomplish purpose number of heavily interested Missouri State, seeking large block of stock held the Life Insurance of Louisville, the largest this elimination of Rogers its president, from the Missouri State has common stock among About and the has ber circles Louis. They Sheppard Smith, president the Mississippi Valley Trust chairman the board the First National Bank in Louis: Thomas president the Terminal Railroad Nims, chairman board the Bell Telephone and President Taylor. Other directors Peabody New Dr. Bruce Ryburn Payne, president George College, Nashville, James president Fourth and First National Nashville: Nashville: Theobald of Felss Milling Co., CincinHarvey president and Light Pine Bluff, Rogers president Caldwell Co., Nashand Arnett, of the Life Insurance President said the business had been that had force and that assets were approximately The company's deposit in the closed Bank Nashsecured by collateral bonds number Southern
Leased Wire From the New By Bureau of the NEW YORK, Attorney Crain, checkmated forts prosecute the crimes extortionist specific violence, under took yesterday to the terrorism both fight and immunity the men power have been credited collecting than year citizens of New York. from The Manhattan prosecutor nounced he would call conference in office next Thursday 50 including the leaders of industries victimized the bar, the and the District Attorneys of the other four to be done rid the city of terrorists. Crain hopes that by through in close touch with the milk, vegetable, meat, laundry and trades that have been victimized, will able bring forth information hitnerto hushed fear. Crain requested, basis investigation, complete file of the series articles extortion schemes which the New York World printed since sembled Courtenay Terret's book, "Only Saps In these articles, which placed the annual of extortionists, Ferdinand Pecora, then chief assistant District was quoted: "Rackets? Why, don't know of racket in New York Crain said he "pitied the uninformed who doubts that racketeering that he officially had indications of in the building trades times while he was Supreme Court Justice.
