The Brooklyn Daily Eagle from Brooklyn, New York • Page 2

sive dous vincing sell people pleased value of could in the as City. is to very have be the more best Dollar 4-Bank Merger Conference On Details Reported to Be Under Discussion at Session of Directors An 'official announcement was believed today to be imminent in regard to successful negotiations for the billion-dollar merger of the Bank of United States, Manufacturers Trust Company, the Public National Bank and the InternaVoual Trust Company. It is known that meeting was in session this morning but up to 1 p.m. nothing could be learned except that details would be made known shortly. Approval by the State Banking Department, it is.

believed, is assured, and as all four banks are members of the Federal Reserve Bank, authorities of the latter institution have been watching developments with sympathetic in- terest. Now lave 148 Branches While details are lacking, it is known that the directors of the institutions concerned have fixed a tentative basis which they feel would be equitable to their stockholders. The chief advantage of a consolidaof the four institutions, in addition to those would naturally come from the pooling of resources and deposits, it is said, is the economy which would result. At present the four banks have 148 branches. Although this total, in all probability, will be reduced, some by the consolidation of offices operating in the same territories, it is believed that even after the elimiof the duplicate services the merged institutions would have a larger of branches than any other bank in the city.

The book value of Manufacturers Trust stock is computed at around $79 a share; that of the bank of United States $33, exclusive affildated securities companies; that of the Public National at about $76, and of the International Trust at about $53. None of the directors attending the discussions would make any statement regarding the basis of exchange, but it was understood that tentative figures were based on the latest book values of the four stocks. The merged institutions will take fourth place in point of size in New York City and fifth in the nation. According to their latest statements the four institutions have resources of approximately $1,000,000,000. The three banks in New York City which have resources in excess of this amount are the Chase with the National City Bank of New York, with 206,241,332, and the Guaranty Trust Company with $2,017,119,332.

Only one bank outside of New York has resources in of $1,000,000,000, and this is excess, Continental Illinois Bank Trust Co. of Chicago, which reported $1,176,603,194 in its latest statement. Bronx Alcohol Trader Slain With 6 Bullets Nicholas Cardio, 35, a butcher of 2363 Arthur Bronx, was found shot to death early today on 191st St. near Hughes Bronx. Six bullets had pierced his head.

Police said he had been a figure in the Bronx alcohol trade. Although detectives heard the shots, no trace of the murderers was found. 23 Sent to Workhouse Released by Writ A certificate of reasonable doubt, releasing 23 unemployed men sentenced by Magistrate Raphael Murphy, in Tombs Court, to 30 days in the workhouse on a charge of Vagrancy, was granted this morning by Justices Daniel Direnzo, Max Salomon and Hyman Rafael, in Special Sessions. The men were ini- mediately released. $60,000 OFFER TO SHARKEY Chicago, Oct.

31 (AP) Jack Sharkey, the heavyweight, today had an $60,000 for a Boston, 10-round bout with Young Stribling in the Chicago Stadium Jan. 8. Stribling agreed to accept a small percentage, with a $60,000 guarantee going to Sharkey. Best Class of People GENTLEMAN with business ability and knowledge of bookkeeping wanted to take charge of office of local manufacturing company sponsored by the right people: An investment desirable; permanent lucrative position: highest credentials necessary, Box P-288, Eagle office. "We had good results from our Business Opportunity advertisement in the Eagle," writes the Adjustor Chair Cor- poration, 192 Lexington New York "There were thirty calls response, and we tell are you that they represented class of we reached in advertising our entire experi- What con- Eagle's tremen- an advertising medium for business opportu- nities? It is read progresby people who are ideal prosit productive of pects a large and immediate response.

To or lease a business or business location, to secure capital or find a partner, telephone an ad-taker at Main I 2 BROOKLYN DAILY EAGLE, NEW YORK, FRIDAY, OCTOBER 31, 1930. Arnold Visits Quayle; Offers to Buy Stock Representative Refuses to Sell Ammex Petroleum, Even One Share, for Cash, and Call Terminates With Books Still Unopened Flanked by an attorney, an participant who described himself er," Louis Arnold Republican the Brooklyn Heights district, his promised call on Repre-9sentative John F. Quayle, his opponent, to quiz the Congressman on the whys and wherefores of the Ammex Petroleum Corporation. A campaign coup for Arnold, if that was the latter's intention, failed to materialize. After a halfhour or so of subdued and semisubdued wrangling between candidates and their lawyers, the Republican nominee betook himself from the Congressman's office at 50 Court St.

little the wiser about the Ammex than before. Refuses to Sell Stock And, a bit unwillingly, Arnold left the Congressman's suite a with his bankroll intact. He offered to peel 8 few bills off to purchase a share of Quayle's Ammex stock, but the Congressman, politely and firmlyand frankly suspicious that his opponent wanted the share only as a wedge for examining the oil company books--told him that there wasn't even one share for sale. The meeting between the candidates was empty of fireworks until Arnold, taking his departure, extended his hand to Quayle and explained that he had "legal business to attend to." Arnold Right on Time "I am not speaking in an advisory capacity," returned Quayle, taking the proffered hand, "but it would be a splendid thing to do, and it's a pretty good fellow who can one-half mind his own business." Arnold, with former Assistant District Attorney Harry G. Anderson, William T.

Murphy, an accountant, and Philip Barnard, the one who dehimself as an "innocent bystander," did not keep Quayle or the newspapermen waiting a moment beyond the appointed hour of noon. Quayle Asks About Band "Did you bring a band?" Quayle asked after Arnold had introduced himself. "I came here as a 'sincerely interested party' to look at the books of the Ammex Petroleum Corporation with my attorney and an accountant," said Arnold. William H. Mansfield, Quayle's lawyer, emerged from the back room, to which Quayle, Mansfield, Arnold and Anderson returned after a moment's huddle.

But the wall between the two was thin and about all that rooms. on could be heard in the outer room. Arnold quickly acknowledged, to Mansfield's questions, that he did not represent any stockholders in the Ammex, and, informed that that being the case he couldn't pry into Quayle's business, offered to buy a share. Tried to Buy Stock "I'm creating a market for your stock," Arnold could be heard arguing. "Well, not much of one," responded Quayle's lawyer.

"We haven't sold a share in a year and a half and haven't a share to sell now," Quayle asserted. Arnold, asked by Quayle if he wanted to buy the stock for starting litigation, replied "No," and asked if he wanted to buy it for speculation, declared, "Why, I wouldn't spec- DRESSLER BALKS FOOD PROBE ON $5,000 CHECK Continued from Page 1 have done everything in our power to keep alive." Asked $1,000 check paid competitions, out to Dorothy Kelly, Mr. Dressler said that reports that he had changed his testimony in the past two days were incorrect. "It was a wedding gift, as I said first, and it also was a gift to Mr. Kelly as I said later," said Mr.

Dressler. "It was only way I could repay him for his years of advice to the association, "I used to have dinner with Mr. Kelly at the Knights of Columbus building in Brooklyn, and he would tell me how to go about things. Once he suggested automobile storage for some of our warehouses. It was a great idea, and he wouldn't accept a cent.

"Then he got married, sometime in August, 1928. We decided to make him a wedding present." Mr. Dressler was asked whom he meant by "we." "I mean myself," he said. "Though the check came from a special account, I considered it a personal gift." Argues With Dressier "Is there any significance," the referee asked, "between those two checks drawn on Aug. 5 and the date of the approval by Corporation Counsel Hilly for leases for the Wallabout Merchants Market Association on Aug.

8, just three days later?" "I don't know--I can't recall," Mr. Dressier responded. Al Capone's Reputed Treasurer Arrested Chicago, Oct. 31 (P) -Frank Nitti, reputed treasurer for the gang of Alfonse Capone, sought for months under a $277,940 Federal income evasion indictment, was atrested today elaborately furnished apartment in Berwyn, a suburb. Nitti, one of the 28 "public enemies" named by the Chicago Crime Commission, for whose arrest a $1,000 reward was offered by the Association of Commerce crimeprevention committee, was found in bed and made no resistance.

A woman he identified as his wife was also taken into custody. of Wild Oil Well Menaces All of Oklahoma City Spouts 110,000 Barrels Daily Residents Put to Rout -Trains Stop Oklahoma Oct. 31 (AP) -Adjutant General Barrett today ordered out several of the National Guard to assist civil authorities in policing the fire danger area surrounding the gigantic No. 1, Stout oil well, flowing wild on the Southeast edge of the Oklahoma City wholesale district. Oklahoma C.g, Oct.

31 (P) -Increasing its flow of oil to an estimated 110,000 barrels daily, wild gusher threatened Oklahoma City today. Hundreds of families in the part of the city went breakfastless as fire authorities enforced strict no-fire rules from 7th St. south. The well, No. 1 C.

E. Stout of the Morgan Petroleum Company, on the Canadian River bank just east of the city limits, also was making an estimated 100,000,000 cubic feet of gas daily. It had blown wild for 12 hours. Roads and Trains Blocked Oil men said that because of its location the gusher was far more dangerous to the city than the Mary Sudik, which attracted national attention last spring by blowing wild for 11 days Every fireman in the city was on duty, in the north end of the city gusher field were blocked and train traffic in the vicinity of the well was restricted. Taking personal charge of the derrick crew at daylight, Fred Morgan, president of the company, directed efforts to control the gusher.

Efforts were being made to remove master valves, ripped open last night and cut away by sand preparatory to installing a "Christmas tree" that would control the monster. The well's roar could be heard nearly everywhere in the city. At times it was almost deafening downtown and on the east side and the knocks of warning firemen awakening residents in that section of the city added to the restlessness in virtually every home in the affected area. Negroes living in river bottom flats fled their homes as the crude from the gusher, unstemmed by earthen dikes, poured into the river. The wind shifted southwest early today, adding to the hazard.

Five city schools were closed today releasing 2,150 pupils until Monday. Great pockets of gas lurking close to the ground in the southeast part of town led to the ing, J. R. Barton, city superintendent of instruction, said. Streets and roads for a mile around the well were closed.

shifted With only southeast a after wind, which sunup, clinging gas clouds intensified the fire danger. As the wind changed from southwest to southeast, the business district received a' light oil spray. A wind strong enough to sweep away the gas was hoped for. A foundry worked all night making the "Christmas tree," a huge iron tool, which through a series of gates and valves should hold the was believed. "tree" must be well.

It will be ready, about noon it lowered from the derrick top. Wife of DO-X Pilot To Make Part of Flight Philadelphia, Oct. 31 (AP)-Mrs. hauer, who will pilot the Dornier city, wife of Lt. Clarence H.

SchildCarmita K. Schildhauer this Do-X across the Atlantic, expects to be in the great ship on the last leg of its flight from Bermuda to New York. Bermuda is the last fueling stop and Mrs. Schildhauer will board the ship there if permission is granted. 3 Reds Are Held For Trial After 6 Give Testimony Corrigan Fixes Bail at $100-Accused Men Tell of Beatings by Police At the conclusion of testimony by six defense witnesses, Chief Magistrate Joseph E.

Corrigan today held the three men arrested for causing an unlawful assembly at the unemployment demonstration by Communists at City Hall on Oct. 16, in $100 bail each for trial in Special Sessions. After the hearing, which was held in Part 3 of Traffic Court at 300 Mulberry Manhattan, the Chief Magistrate paroled the defendants in the custody of their counsel, Joseph R. Brodsky, pending bail arrangements. The defendants were Milton Stone, 30, unemployed clerk, of 314 Madison Robert Lealess, 32, unemployed restaurant worker, of 225 Bowery, and Samuel Nesin, 34, an organizer, of 16 W.

21st all Manhattan. Lealess, who admitted he was one of the speakers at the demonstration, denied he was a member of the Communist party. He said his appearance was as a member of a delegation from the Council of the Unemployed. He testified he was kicked in the mouth, hit on the head and otherwise beaten by police, Stone testified he was beaten, saying that his eyeglasses were broken and he was knocked unconscious. Maude White, Negro needleworker, and another member of the delegation, also testified she was beaten.

J. Louis Engdahl, Communist candidate for Lieutenant Governor, testifled he was ordered ejected from the Board of Estimate meeting by Mayor Walker. He said he was pushed, but not struck. Board Puts 0.K. On 620-Million Record Budget Only a Minute Required for Approval Tax Rate Raised to $2.66 The record high municipal budget for 1931 was adopted within a minute today by the Board of Estimate.

It was presented by Mayor Walker, who moved for its adoption. After bers. It now goes to the Board of being adopted it was signed a by the Mayor and the other board memAldermen, who have 20 days to consider it. The Aldermen may reduce but not increase it. The budget in its final form is $620,840,183.37.

This is an increase of $51,070,355.14 overthe 1930 budget. On the basis of the budget approved the basic tax rate will be $2.66 for each $100 assessed valuation on real and personal property. To this is to be added the tax for borough and city-wide improvements, which varies in the different boroughs. The basic tax rate now is $2.53. Institute Asks Changes The Institute for Public Service, through William H.

Allen, its director, made a final appeal to the board against treating the debt service items in the budget as irreducible. The statement asked also that the form of the budget be altered so as to show how many men the troller assigns to the Bureau of Municipal Investigation and Statistics, a bureau which, according to the institute, should save the city millions of dollars a year in discovery of wasteful work and workers. For lack of such aid the Controller paid more than he should for park lands, the institute said, when assessed valuations were increased on less valuable portions of Hillside Park. Rockaway Water Deal Delayed Because of the absence of Controller Berry, who was ill, the board postponed for a week, the proposed purchase $2,000,000 of the Long Island Water Corporation, which supplies the Rockaways. A large delegation of Rockaway residents attended and their leader, Max Pachne, urged the board to take immediate action.

Mayor Walker, however, explained that Controller Berry had certain objections salta the Purchase, $2,000,000 and that should be deferred to give to him an opportunity to present his objections. Berry has estimated that $1,600,000 is enough to pay. Stewart Browne, president of the United Real Estate Owners Association, hotly opposed acquisition of the property at any price exceeding $500,000. Chief Engineer Brush of the. and Department Electricity, of at Water Walker's Supply, request, informed the board that in his opinion the property was worth all of $2,000,000.

Charles Newton Dies; Ex-Attorney General Geneseo, N. Oct. 31-Charles D. Newton, Attorney General of New York State under Governors Miller and Smith, died unexpectedly at his home here yesterday. He was 69 years old.

One of the ablest trial 1 lawyers of his time in New York State, Mr. Newton entered politics in 1914, when he was elected to the State Senate from Livingston County, the had in the Senate years. He first representative that, county had was made chairman of the important committee on codes the first year he the capitol and was re-elected in 1916. See Halleran Facing Quiz in Fund Probe District Attorney James T. Hallitoday was to examine additional witnesses in his investigation into the charges, evidence of which was presented by Commissioner of Accounts Higgins, that a number of Queens laborers had been "sandbagged" into contributing funds from their small wages to the independent Democratic organization, of which John J.

Halleran, Queens Commissioner of Public Works, and an appointee of Borough President Harvey, is the leader. Mr. Hallinan would not discuss the report that Halleran would be one of the witnesses summoned before him nor would he reveal what, if anything, his examination of witnesses yesterday brought to light. However, it was considered a foregone conclusion in political circles that the' Commissioner of Public Works would be examined in the inquiry. Brooklynite Reports $25,000 Gem Robbery robbers Toiedo, Oct.

31 (A. got between $25,000 and $50,000 worth of jewelry from Jules S. May, of 1752 66th Brooklyn, N. after they forced his auto into a ditch five miles south of here today and then left him handcuffed to a bench in a shack, May told police a few hours later. He said he was employed by the Adams Watch Company, 150 Lafayette New York.

N. Y. Scientist Gets 1930 Nobel Prize Stockholm, Oct. 31 (P) -To a New York bacteriologist and pathologist, Dr. Karl Landsteiner, this year's Nobel prize for medicine.

It is the first of the year's awards to be announced. The money gift attendant upon it amounts to about $48,000. Dr. Landsteiner, who was born in Vienna in 1868, has been connected since 1922 with the Rockefeller Institute. He has written numerous papers on medical subjects connected with bacteriology and pathology.

The prize WAS him specifically discoveries in classification of different types of human blood. Washburn to Bring Action To Enjoin Prince and Whitely Continued from Page 1 Brokers pointed out that the usual procedure in such a case is suspension for about a year and then, if a satisfactory financial adjustment is arranged in the meantime, a brief of the suspension or restoextension It is not often that the Exchange goes to the limit of expulsion, brokers with long experience said. They recalled that the last expul-, sion was ordered in October, 1928. This was the case of H. S.

Monroe, charged with conspiring with partners employes to defraud the State and the Federal Government of income tax. The extreme length, therefore, to which the Exchange went in expelling the two Prince Whitely partners was generally accepted as marking the inauguration of a new and more vigorous polcy on the part of the Exchange. Considerable sympathy was expressed for the two expelled members, G. Lisle Forman and Morrison B. Orr.

It so happened that they were the only two of the eight Prince Whitely partners against whom the Exchange could take expulsion action, for they were the only ones who had Exchange seats. There was a general feeling that the two men did not play outstanding parts in the $1,500,000 J. M. Hoyt Co. note transaction, which was the basis of the principal charge on 1 which the Exchange acted.

Forman and Morrison were not regarded in the Street as the originators of the financial operation involving the $1,500,000 note, but were pictured as merely having gone along with the other partners in One-Man Trolleys Costing Men Jobs OnB.M.T., Charge Flood of Protests Arises Against Change in Operation -Menden Silent A flood of protests has arisen against the conversion of two-man trolleys to one-man operation on Brooklyn lines. The B. M. T. several weeks ago obtained permission from the State Transit Commission to make the change on eight Brooklyn routes in addition to those that have already been converted and since that time have been extending the one-man service to the eight.

The change has been accompanied by kicks from the start-largely, in the past based upon charges that it reduced the service, caused congestion in loading and reduced the safety margin. But today the protest took a new turn in a series of letters to the Eagle charging that the change was throwing conductors out of jobs by the wholesale in a time unemployment and business depression when every effort should be made to give jobs to as many people as possible. Woman Calls for Check "Why not," wrote one woman, "check the efforts of our B. M. T.

in putting through the one-man car scheme? By so doing prehundreds of conductors who for increased do unemploymentyears have rendered faithful public service are going to be dropped from the company employment list and forced into the ranks of the unfortunate seeking unattainable jobs. Must citizens calmly accept such schemes and daily risk their lives in cars which are a menace to public safety?" Joseph Prong, who described himself as a high school student, complained of the change on the Tompkins Ave. line. "It is strange," he wrote, "that at this time when we are crying to keep employed this is being done. Passengers have to wait in line each morning when boarding cars until the motorman makes change.

Several mornings I have been much delayed in getting to school. Some mornings smallsized riots take place in the pushing to get on the cars." A woman called the Eagle on the telephone to protest against the change to one-man cars on Nostrand Avenue. The company said these. cars, while being operated by one man, actually carried a conductor for the time being while the experiment to determine if one-man operation was feasible was in progress. Menden Declines Comment President William S.

Menden declined to comment on the charges that the change was throwing men out of work, although it has been explained in the past that the comabsorbed excess conductors in other work and that the cut in labor was represented solely by a drop in the hiring of new men. The B. M. T. Monthly, the company's house organ, it is pointed out, has been printing sizable lists of men retired on pensions.

At the Transit Commission it was stated that the service bureau was checking continually on the oneman experiments to determine their practicability but that the only protest of material proportions that had reached them was in the matter of the Graham Ave. line, on which hearing had been held and 15-day trial period established. Another hearing on this line will be held next week. Architect's Widow Rewards Mussolini Rome, Oct. 31 (P) Mrs.

Olga Mead, widow of William Rutherford Mead, New York architect, today presented to Premier Mussolini a fund of 10,000 lire in gratitude for his aid in transporting the body of her husband to Rome for burial. Mr. Mead, who founded the American Academy at Rome, died in Paris in June, 1928, indorsing the note after the operation had been conceived. The Stock Exchange records are to be turned over to Assistant State Attorney General Watson Washburn, probably tomorrow, who for several weeks had been delving into the matter of the $1,500,000 note. The evidence to date appears to show that the J.

M. Hoyt Co. unsecured $1,500,000 not was given the and Whitely Trading Corporation to obtain funds to guarantee and properly margin certain accounts of the Prince and Whitely partnership. J. M.

Hoyt, who, according to the Stock Exchange, "either owned or controlled J. M. Hoyt senior partner of Prince and Whitely and president of the Prince Whitely Trading Corporation, which had sold stock to the public. The note was made last August when the directors of the partnership and trading corporation directors were the same. The justiif -cation so far offered for the transaction was that Prince and Whitely was solvent in August and there was no reason why the loan from funds invested by the public should not have been made.

The financial condition of Prince Whitely last August, therefore, has become the crux of the Washburn probe. On what he determines to be the condition of Prince Whitely at the time depends the nature of the action he will take. filed that firm was solvent. But Hoyt has been, questioned and testiWashburn wants exact figures. How complete the Stock Exchange figures here has not been divulged.

Consequently the report of auditors of the receiver, the Irving Trust Company, are being eagerly awaited in the Street. Edison Official States 1.01% Gain Gratuitous Says Consumers Paid This Part of 1929 Revenues John C. Parker, vice president in charge of engineering of the New York Edison Company, was the first to take the stand this morning at the Public Service Commission hearing into the electric energy rates proposed by the Edison and affliated companies. Mr. Parker was examined by William L.

Ransom, attorney for the company, and introduced several tables dealing with revenues derived from the use of a minimum bill in Brooklyn. Pay for No Energy Under cross-examination by Corporation Counsel Arthur J. W. Hilly the witness admitted that the tables showed that of the total revenue for the year 1929 1.01 percent was taken in without furnishing any energy because of the minimum bill. The extra gain for the New York and Queens Electric Light Power Company was 1.75 percent, the exhibit showed.

Another exhibit introduced by Mr. Parker, showing at hourly inloads tervals on a generating given Thursday stations, the on prompted Milo R. Maltbie, chairman of the commission, who presided, to ask why that day of the week had been selected. Mr. Parker's swer brought out that Monday was washday, Tuesday ironing day, and that he had wished to use a typical day in his charts.

The fact that also could be termed blue Monday had some influence on the use of energy, he said. Gives Technical Data Robert B. Grove, secretary of the United Electric Light Power Company, the next witness. He was cross-examined by Mr. Hilly on technical data relating price of coal at generating stations and the use of coal per kilowatt hour.

Gumpert Wills $10,000 To Jewish Charities The will of Solly Gumpert of 630 Elmore Place, food products merchant, filled today with Surrogate Wingate, left $5,000 to the Brooklyn Federation of Jewish Charities and $5,000 to Jewish charitable organizations not members of the federation. Vice Admiral Wins British Bye-Election London, Oct. 31. (P) -Complete returns from South Paddington today showed that Vice Admiral Taylor, Empire Crusader nominee, won yesterday's four-cornered bye-election there. The Liberals had no candidate and Labor had hoped to win since the Conservative vote was split three ways.

"This is a great blow to opponents of empire free trade and to those wobblers who while not opposing it are afraid to adopt it," said Taylor. Havana Will Become Federal District Soon Havana, Oct. 31 (AP) -Havana, one of the oldest cities in the New World, is to lose its municipal identity to become a federal district much like the District of Columbia, Legislation for abolition of the municipalIty and the creation of a federal or central district was adopted by Cuban Congress May 20, 1928, at the same time that a number of other amendments were enacted. Brooklyn Consular Aide Weds in Paris Paris, Oct. 31 (A.

-Miss Maxine Jordan, daughter of Robert Harrison Jordan of Boston, WAS married here today to Sidney Brayton Revecker of Brooklyn. Mr. Revecker is attached to the American Consulate General in Naples. Stock-Rigging Plot Seen in Transit Rumor Untermyer Calls Market Letter: a Fake Wants Inquiry by Exchange accountant and a fourth as an "innocent bystandaspirant for Congress from promptly at noon today paid SELLS NO STOCK JOHN F. QUAYLE ulate in oil stocks." So it wasn't quite clear to the Congressman just what his opponent wanted it for.

The Republican nominee, in a statement to reporters after the conference, said he made his demands on Quayle "as the 000 citizens Quayle berepresening, lieves he represents in Congress," and handed out a list of 18 questions about the Ammex that he proposed to ask Quayle. Calls It All 'Politics' "Oh, I won't read them," said Quayle of the questions, and added, "If there is anything more obvious than that this is pure politics, I can't see it. Now I can understand why the better element of Republicans do not vote for the type of candidates that are nominated for office in this State." The questionnaire included questions as to the finances, dividends and Quayle's salary in the Ammex, following the line of other interrogations Arnold has addressed to the Congressman in the campaign. Advises Seeing the State Prober Quayle first advised Arnold to talk to the Attorney General if he had any complaints against the Ammex; and said that "sincerely interested person" could have access to the company's books. It was on this statement that Arnold paid his visit today.

The Ammex is a corporation organized by the Congressman in 1926 to exploit a concession in Northern Mexico obtained, the Eagle learned, shortly after Quayle and other Congressmen, during a junket south of the Rio Grande, visited former President Calles. For a time its stock was marketed by the defunct Charles J. Swan Co. brokerage, which was later enjoined from selling any stocks or securities. Prior to this, sale of Ammex stock had been withdrawn from the Swan firm after Quayle learned that the securities were represented as an investment instead of a speculation.

Wendel Millions In Real Estate Are Kept in the Family Mrs. Swope and Her Sister Held Property inCommon -Charity Share Is Small About $100,000,000 representing real estate accumulated in several generations by the Wendel family, was not left to charity as was first thought when the will of Mrs. Rebecca A. D. Wendel Swope was filed for probate in Manhattan last August, it was established today.

A clause to which little significance was at first attached caused the misunderstanding. This clause directs that property which Mrs. Swope owned in common with her surviving sister, Miss Ella V. von E. Wendel, was to go to Miss Wendel outright.

The charitable residue is only a minor fraction of the $100,000,000 Wendel fortune. It was thought at first that the residuary estate was to be held in trust for Miss Wendel and upon her death was to be divided among fourteen church and charitable institutions. It has been a tradition in the Wendel family that accumulated real estate was not to pass outside the family. Mrs. Swope, however, departed from that tradition, estate by leaving, the several parcels, of Wendel, the only remaining direct survivor, is 80 and lives in seclusion at the Wendel home at 5th Ave.

and 39th St. Manhattan. 'Donald Forces Win In New Session Test London, Oct. 31 (P) The MacDonald government scored an easy victory today in the first division of the new Parliamentary session, detenting a Labor left wing amendthe speech from throne by 156 ment to the address, replying to votes to 11. The amendment "humbly regretted that the speech from the throne contained no proposals making for the Socialist reorganization of industry, agriculture, bankIng and import and export trades, and for a more fair distribution of the national income." Samuel Untermyer, chief negotiator for the State Transit Commisthe subway unification conferences, today urged the New York Stock Exchange to investigate the motives and suppress the rumors circulated by brokers of an agreement alleged to have been reached between the public officials and the transit interests on the price to be paid by the city for the private interests in the transit lines.

Indicating that he believed "stock- jobbing" was behind the stories, Mr. Untermyer denied emphatically that there was "a shred of truth" in a circular put out by the Stock Exchange firm of Benjamin Hill 29 Broadway, Manhattan, asserting that the price had been fixed at about $550,000,000 and amounts to "be paid for describing some detaile the stocks of the B. M. I. R.

T. and Manhattan Elevated. man Demands 'Change Inquiry "I recommend," he said, "Investigation by the Stock Exchange to ascertain whether this circular of Hill Co was put out for stockjobbing purposes and, if not, the source of the misinformation on which it was based. The Exchange should find some way of preventing the circulation of rumors of that sort by its members. It can only have one purpose.

"No one connected with the brokerage firm, so far as I know, made any effort to confirm this story, "Although before it is spreading generally it broadcast. known that I am and generally have been for two years past conducting these negotiations on behalf of the Transit Commission and the city, no one asked me as to the truth of the story before publishing it. He Himself Will Announce It protest against such ances as being distinctly injurious to the negotiations, which are, in point of fact, farther from consummation than they have been in many months, and as tending to delude the public and investors. "Whenever, if ever, negotiations reach the point at which there is a reasonable prospect of success, or whenever they have definitely failed, I shall report the fact fully to the Transit Commission, and until then there will be no authentic information obtainable. I repeat that the Exchange should put a stop to these rumors." Big Bill Thompson Appendicitis Victim Chicago, Oct.

31 (P) -Mayor William Hale Thompson was stricken seriously ill today just before he was to appear for a noonday political address. He was taken to Passavant Hospital, where his secretary said ne would submit to an operation for appendicitis. 13 Idle Men Get Food For Boosting Broun Thirteen jobless men had $3 each and a lunch today as rewards for bit propaganda work they performed yesterday. Chosen from the line of unemployed outside the municipal free employment bureau, they carried banners through Broadway and 5th Manhattan, and distributed cartoons and pamphlets calling for the abolition of war, relief for unemployment and the election of Heywood Broun to Congress. The men were hired by Mrs.

Annie Gray, secretary of the Women's Peace Society. PERSONAL call ALSGOOD, Clarence, to your advantage: on Uncle Phil at once; money coming to you. LOST AND FOUND Advertisements inserted in the Lost and Found columns of the Eagle will be BROADCAST every Tuesday at 12:05 Noon and Friday at 2:40 P.M. over station WLTH. "THE VOICE OF BROOKLYN." large BRACELET- diamonds, '126 platinum, small set diamonds with 3 and 46 sapphires; also solitaire diamond ring; Oct.

25, in vicinity Island Caton near Park Circle or Flatbush and Koch, JOHn Brooklyn; liberal reward. Mr. 5105. DOG- brown Lost: markings wire-haired fox terrier; white, on head: red leather studded collar; answers Bobby. Reward.

966 E. 23d St. NAVarre 5970. DOG -Lost: brown Thursday, Oct. 23, white collie with markings: reward.

96 Decatur St. LAFayette 4820. DOG -Lost; reddish Pekingese; male; answers to name of Chang. Reward. great pet: Tel.

MAIn 1815. Kinsey, Willow 103 St. DOG very gentle; -Pound; owner police, female, kind thoroughbred, 5307 17th Ave. or AMBassador 3253. Foley, at DOGS the -Lost shelter and found may be recovered of the A.

8. P. C. 233 Butler St. ence." DOG -Pound; terrier; crossed, brown white.

B. Irving. Call DECatur 6587. and DOG Found, small black and white terrier at 673 E. 46th St.

BOX- heirlooms: in small, taxi ivory, from containing jewels, Atlantic Ave. to 1548 E. Washington 5th Ave. Flatbush. Reward.

leather BEADS- -Lost; gold; In brown ROSARY and case, on 8th between 6th sOUth 11th 4351. Sts. Reward. 593 11th St. 29, RING between -Lost; karat diamond; on Oct.

4:30 and 5:30, on Crosstown trolley, 14th St. subway, Sea Beach express Goode, or 4th Ave. local; liberal reward. SHOre Road 4143. one RING- -Lost: platinum: bowknot design; downtown large diamond, 24 smail diamonds: Manhattan; reward.

Mr. Kelly, HITchsock 7950. SATCHEL Wednesday -Lost: black leather, taxi, morning. $20: medicine. glasses, keys, reward.

PROspect 9229. WRIST WATCH -Lost: piatinum, with diamonds: vicinity Bay Ridge Ave. to subway and Pacino Oct. 28. Reward.

ATLantic 8381, WRIST WATCH -Lost; lady's, diamond, on Church Ave. station. B. M. Wedneddav.

Return to 388 K. 7th St. Reward. WRIST WATCH LOST Gold Invieta: vie cinity Empire Boulevard, entrance Pros. pect Park Church and Flatbush Aves.

Reward. PLAthush 9932. 6000..