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(Jmalcolm Scales ** THE EVENING STAR The Montgomery Ward Battle ‘ , seize control of Montgomery Washlnotnn n C. i Ward <fc Co., by utilization of the jBrother Shah Seeks A-6 *vasmngion. u u. I of WEDNESDAY, MARCH *3, 19M I capital and assets of the merged companies to purchase stock in Missing Royal Nephew Clash the Chicago firm.” Dissimilar Personalities By Aftsociotod Pr*»i 5. Purchase of $2 million th« Holders of Million worth of Ward stock by the Cen- : PARIS, Mar. 23.—A brother of In Wolfson-Avery Stock Duel tral States Welfare Fund, a fund the Shqh of Iran arrived in Paris straight-lipped crew, your of the AFL Teamsters' Union. today in search of his 7-year-old Ward SfPp&Mj By William Ferris its nephew. Shares Backing by The child vanished with Associated Press Staff Writer first wonder is, "Where’s the This union is headed David body?” Beck and is conducting an or- his French-born mother from CHICAGO, Mar. 23 —What ex- ganizing among Switzerland last Sunday. qualities necessary Mr. Wolfson announced his drive Ward was Him, Wolfson Says ecutive are to overthrowing workers. French police said there run great merchandising intention of Mr. boy, By th# Associated Press a firm? Avery’s of Ward’s last Both Mr. Beck and James A. no indication the Prince Ali Judging from the personalities control Patrick, his mother in NEW YORK. Mar. 23 —Finan- August, pointing toward the Hoffa. head of the fund, deny and are two key for an- ! cier Louis E. Wolfson told a big of the contestants nual stockholders meeting April there’s any connection between France. stockholders’ meeting yesterday This ambition has produced the Avery-Wolfson fight, the In thii, the second of (our articles, As- 22. that holders of a million shares IjjpLjKjPrXSlr rapidly becoming teamsters' union campaign and through a sociated Press Writer Ferris gives the what is the suction-cup micro- of Montgomery Ward & Co. biggest and bitterest financial the welfare fund purchases. They phone attached to the police- background of the two men fighting stock are now backing him in i battle in years. say the fund is just doing some man’s home telephone. for control of Montgomery Ward, old- investing. his fight for control of the mail ¦ These have been some of the ”1 asked him if he was at the est houses. : order house. About 6.7 million of the nation's mail-order ; most telling developments: However, the stock can be same location, at 539 Shepherd are‘outstanding. ruling by a at the annual stockholders N.W.,” Capt. shares Montgomery & 1. A Federal Cir- voted street Thoman his state- control of Ward ; judge Chicago meeting. At around SBO a share, Mr. Wolfson made ¦gs any pattern. J cuit in that said. “Slmkins stated that he to a Co., there isn’t Two electing buy 25,000 ment in answer sharehold- hardly Ward’s method of di- $2 million will shares was, and to look out for the question at a meeting of men could have more dis- illegal. stock. It a place; er's backgrounds. rectors is Out of a nine- of Ward’s common is that his wife was work- about 3.000 persons who gathered similar board of directors, three are sizable voting block in a com- ing in there and he didn’t want Sewell Avery, 81, Ward’s chair- man in the Hotel Sheraton Astor to elected each year. It’s known pany in which the average stock- get caught a man, has been a leading Chicago her to in raid. see Mr. Wolfson climax his ;as a "stagger system.” Ward’s holder owns less than 100 shares During the conversation he campaign his executive for the last half cen- appealed ruling Congress by coast-to-coast in tury. wealthy has this to the 6. Introduction in gave me SSOO in bills.” battle to unseat Ward's board The son of a Mich- Supreme Senator Capehart, Republican, of igan lumberman, got Illinois Court. Sewell Avery. he his first point extremely Indiana, of force persons Recording Played chairman. with a company. This is im- a bill to challenged Job gypsum portant seeking gain a Earlier, jury The stockholder gypsum to Mr. Wolfson. If the to control of cor- the heard what to explain it When several little stagger system upheld, poration by soliciting the Government says was a Mr. Wolfson how companies merged by P. is the stockholder only were J. : year get proxies a Capt. was that he listed control of Morgan best he can do this is to “make full disclosure recorded talk between 285,000 shares in proxy & Co. into United States on identity and Thoman and Winston last Au- his Gypsum around three members the nine-mem- of their associates.” just the turn of the gust 18, during police material mailed to stock- century, Avery an ber board. However, if he did The bill is aimed at Mr. Wolfson. which the holders. whereas last fall he Mr. became get three he would oust Mr among others. officer has testified Winston executive with the new company, | j claimed that he had the support " j Avery, who is one of the three Mr. Avery has criticized the handed him S6OO. * He was made president in 1905, of about 500.000 shares. ***** I up for re-election. efforts of outside groups to get Capt. Thoman said SIOO of the % IP" ¦*\ Says Listing •w.<Bw had a remarkable record and' managerial company money was Capt. Rules Barred brought by Morgan to If Mr. Avery is defeated, it’s control of a intended for was over through buying as "a Mr. Wolfson answered that Ward’s in conceivable the other pro-Avery stock sav- Monroe to insure peace for Win- Securities and Exchange Com- APPEALS STOCKHOLDERS—Louis Wolfson (left) addresses the meeting. Five run 1931. might resign age, vicious, rotten, crooked ston’s numbers operation in the WOLFSON TO E. as directors and let mission regulations forbade his persons in immediate foreground are Wolfson candidates for the Montgomery Ward Board of Friends describe Mr. Avery Mr. Wolfson take control. But thing." | twelfth precinct. a great — listing of the balance of his stock Directors. They are (from left) Bernice Fitz-Gibbon, W. J. Hobbs, E. W. Endter, Alexander a man with charm Mr. Wolfson would rather have Does Mr. Wolfson think gain- However, Judge Bumita S. backing, but that the “same peo- although some add, “of course, I up ing control of companies by buy- Matthews ruled that the jury now Rittmaster 111 and Cecil Wolfson, brother of Louis E. Wolfson. Many all nine directors come for ple" he referred to last fall haven’t worked for him.” April. he'd ing stock is unethical? should not hear a recording of a him, re-election in Then “have in excess of a million who have worked for don’t a electing Mr. Wolfson replies, “Well- talk between Capt. Thoman and ” have chance of a clear shares any longer. Mr. Avery is suave, 1 majority managed companies never should Capt. Monroe the following day. The Wolfson proxy material quick at repartee, a little face- worry any group buying when Capt. Thoman said he 2. A in the regular quar- about listed only his own holdings and tious, a man who can produce a boost they act interest, to twelfth ' terly stock if in the handed the SIOO the those of other opposition candi- ripple laughter among assem- dividend rate on Ward’s precinct Only - of all the stockholders.” commander. the Stock. The company now is pay- of I dates for the Ward board of di- bled stockholders. Avery's trou- voice of Capt. Thoman was clear as holdings J| ing 75 cents a share quarterly, Tomorrow: Mr. JlgPggjgk recording. rectors. well as of on Son of Immigrant compared to 50 cents previously. bles with top-echelon subordi- the close associates and business con- | Tells of Meeting Wolfson, This increase was put into effect nates. nections. Louis E. who is chal- Capt. related this Mr. Avery s proxy material, Avery’s leadership late last year. It came despite i Thoman lenging Mr. about the August meeting with put in the mails a week earlier, at Ward’s, was born in St. Louis a decline for the fourth straight year earnings. Winston: gave stock holdings of 92,000 Al in 1912. When he was 14 months in Ward Bribery Hr IflMl m HI i (Continued First Page) "Winston said that Hood and shares the basis. - old, family moved to Mr. Wolfson has called this From on same the Jack- a Gambling and This was the most important mm i BBp sonville, Fla'. His father was "political dividend.” with the Hawkins of the M \ WmgEM said, Simpkins again called Liquor Squad had been trying disclosure by Mr Wolfson during HpJRk IPIIIIp a immigrant clear implication it was put him Russian who ran and told him he was going to to get some money from him. the meeting which followed a successful Junk yard. through to rustle up a few votes change his office location every Winston also stated that Charlie roughly the pattern of his "cof- husky young fellow, for Mr. Avery. ' « A Mr. | two going see fee cup’ talks with stockholders mk Im proposal by weeks to avoid trouble. Anderson was to Haw- Wolfson went to the University 3. A Mr. Wolfson police captain kins night. at throughout the that, elected, The testified that various cities of Georgia on a football scholar- if he will recom- ,earlier Nation. buy up to that Slmkins told him “I asked Winston how he had ship.
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