The Capital Times from Madison, Wisconsin • 5

THE CAPITAL TIMES, Saturday, Sept 19, 1964 5 Securities Department Act Obiliiaries Allied Development MAGIC Slocks Under A Neiv Ban Other Deaths HIGHLAND Mrs. Harry Wallenkamp, 69, Highland, died Thursday in Dodgeville. McGuire funeral home, Highland. VIROQUA Ralph Miller, 60, Viroqua, died Friday. Jacobsen-Vance funeral heme, Viroqua.

ARGYLE Fred C. Nelson, 76, Argyle, died Thursday; Erickson funeral home, Argyle. Formerly With Gisliolt Co. Harold Fetzer 52, Dies; Token Creek Tavern Man Green Conn tv Bankers Elect BRODHEAD The Green county Bankers Assn, held its fall meeting Thursday afternoon at the Decatur Lake Country Club, with Lewis Siegelman, as the mam speaker at the evening banquet Officers elected included Duane Ledcrman, Brodhead, president; Jack Kundert, Monroe, vice-president; Raymond Homb, Brodhead, secretary; and Miss Mane Blum, Monroe, treasurer. Golf was played in the afternoon, w.th prizes being awarded to top scorers (Continued from Page 1) other conditions set by his department.

He said newly discovered evidence led to the current revocation orders against both firms. Kyle's order did not mention any names, but two officers of Allied issued a statement charging that the revocation order was an outrageous example of bureaucratic indecency. The statement also contained a threat to hold responsible any party who circulates the libels contained in the orders. Harold J. Fetzer, 52, Token Creek, Dane county, died Friday in a Madison hospital.

Mr. Fetzer was the operator of Fetzer tavern in Token Creek for the past two and a half years Frank X. Moran Is Dead At 73 Frank X. Moran, 73, formerly of 309 W. Doty died Friday in a DeForest nursing home after a long illness.

Mr. Moran was born in Cascade, and was a Madison resident for 40 years. Survivors include his i Catherine, 103 N. Franklin three sons, Clifford, Milwaukee; Edward Randolph Air Force Base, and Allen Rockford, three daughters, Mrs Eleanor C. Rodgers, 103 N.

Franklin Mrs. Robert Flugum, Bloomington, and Mrs. George Comte, Thiensville; two brothers, Elmer, Cascade, Raymond, Dubuque, two sisters, Mrs. Joseph Carr, Chicago; and Mrs. Henry Winter, Los Angeles, and 19 grandchildren.

The funeral will be at 10 a.m. Monday in St. Patricks Catholic Church, with the Rev. Francis E. Doherty officiating.

Burial will be in Resurrection cemetery. Friends may call after 3pm Sunday at the Memorial funeral home, 235 King where the rosary will be recited at 8 p.m, James A. Williamson McFARLAND James A. Williamson, 70, McFarland, died in a Stoughton hospital Friday. Survivors include his sister, Mrs.

Paul Batz, Sun Prairie, and several nieces and nephews. Services will be held at 2 m. Monday at the Fitch-Lawrence funeral home, Madison, with the Rev. Norman Peterson of the Bethesda church, Madison, officiating. Friends may call at the funeral home from 2 to 5 and again from 7 to 9 p.m.

ance of misleading information.1 The stock sale for the insurance fi was stopped, Kyle said, under a section of the statutes permitting the Securities Department to stop-sale of securities if: the issuer is of bad business repute or does not conduct business in accordance with law or sound business principles or is insolvent or in an unsound condition. In addition to the Securities Department investigation, the In surance Department is examining the books of the insurance company. Auditors and investigators from the attorney generals office, working with the State Banking Department, are going over the books of the interrelated corporations. In another development. Circuit Judge Richard W.

Bardwell late Friday postponed until Oct. 19 trial of a law suit against MAGIC by a Minneapolis financial consulting firm. The firm contends that it was hired to sell MAGIC stock for a fee, that it did sell some stock, then was fired without being paid MAGIC contends it did not officially hire the Minneapolis firm. Plan Barbeque At Sun Prairie SUN PRAIRIE The Methodist Mens Club will meet Wednesday at 6.30 at the Fellowship Hall of the Methodist Church for a steak barbeque. All interested men of the community are invited.

The Me'hodist Laymen of Milwaukee will prepare the program. Cliarle J. Jakum FT. ATKINSON Charles J. Jakum, 78, died Thursday in a Ft.

Atkinson hospital after a three-month illness. He was born in South Dakota In 1906 he married Anna E-scheid. The couple celebrated their 58th wedding anniversary in April. He had been a Ft. Atkinson resident for 42 years.

He was a retired employe of the James Manufacturing where he had worked for 38 years in the experimental department and as shop superintendent. He was a member of St. Josephs Catholic Church, and of the Knights of Columbus. Survivors include his wife; a daughter, Mrs. Leo C.

Kennedy, Milwaukee; and three sisters, Mrs. Ida Leddin, Sheboygan; Mrs. Marie Parker, Chicago, and Mrs. Rose McCrory, also of Chicago. The funeral will be at 10:45 a m.

Monday in St. Josephs Catholic Church. Friends may call at the Dunlap funeral home alter 4 p.m. Sunday. The rosary will be recited at 8 p.m.

Sunday. and formerly was a purchasing de- partment employe of Gisholt Machine Co. for 21 years. He was born in Whitelaw, Manitowoc county, and was a a i son area sident for 27 years. Mr.

Fet-f zer was a member of St Patricks a 1 ic Church, the Dane County Tavern League, the Dane County Sportsmens League, and the Yahara Fishermens club. He was married in 1936 to the former Ruth Marash. Survivors include his wife, son, John, at home; a daughter, Mrs. Maurice M. Kent, 2125 Sommers his father Bernard Fetzer Grimms, Manitowoc County; a sister, Mrs.

Mary Jacobs, Grimms; and two brothers, Bernard, Grimms; and James Waukesha. The funeral will be at 9 a.m. Monday in St. Patricks Catholic Church, with the Rev. Francis Doherty officiating.

Burial will be in Resurrection cemetery. Friends may call after 1pm. Sunday at the funeral home, where the rosary will be recited at 7:30 p.m. Martin Schoeder SAUK CITY Martin Schroe-der, 84, Sauk City, died in a Reedsburg hospital Friday. He was born in 1880 in the Town of Troy.

Survivors include several nieces and nephews. Funeral service will be held at 9 am. Monday in St. Aloysius church, Sauk City, with Father Sylvester Van Berkel officiating. Friends may call after 6 p.m.

Sunday at the Zimmerman funeral home, Sauk City, where the rosary will be recited at 8 p.m Sunday. tigation of MAGIC and Allied. Reynolds ignored the request. Thompson has not repeated his attack on Manson. His office has been working closely with the Insurance, Banking, and Securities Departments in the investigation.

In its capacity as counsel for the Securities Department, Thompson's office hired an outside firm of accountants to check the books of MAGIC and Allied. Allied Development was organized in 1962. At that time, according to a company prospectus, $250,000 in cash was contributed to the firm by Hoards Creameries, Ft. Atkinson. Kelly is chief executive officer of Hoards Kyle said.

An additional $230,000 in cash was later contributed by Hoard's, he said Since its organization, A 1 lied has become involved in many Madison i ess enterprises and was low bidder on a recent proposal to build and lease to the state an office building to serve as a processing nter for the State Tax Department The contract has not yet been awarded by the State Building Commission. The Allied stock issue stopped Friday was proposed to a ise $2,025,000. The insurance company stock issue would have raised $2,125,000. The Securities Department order affecting Allied Stock said. The director of the department of ecurldes has reason to believe, based on investigations commenced Aug.

7, 1964 that the management of said corporation has been responsible for check kiting practices which constitute failure to conduct the business of the corporation in accordance with law and sound business principles and as such constitutes grounds for revocation of the registration order dated May 25, 1964. The order also said the securities director has reason to believe that the firms financial statement March 31, 1964, failed to show the true financial condition of the company and that the prospectus which included the statement "constituted issu BRUNKE CLASS and WINDOW 238-3131 4503 West Beltline Mrs. M. A. Durant FT.

ATKINSON Mrs. Mathilda A. Durant, 84, died Thursday in a Ft. Atkinson nursing home after a long illness. She is survived by a son, Frederick, Madison; a daughter, Lucille Durant, Janesville.

The funeral will be at 2.30 p.m. Monday in the Dunlap funeral home, Ft. Atkinson, where friends may call after 4 p.m. Sunday. The former Mathilda Gill was born in Lomira township.

She was married to Fred W. Durant in 1905. Mr. Durant died in 1961. Mrs.

Durant had been an area resident for 50 years. She was a member of St. Pauls Lutheran Church. EX-RAIL EXECUTIVE DIES CHICAGO I rn Charles F. Duggan, 69, former Illinois Central Railroad vice president for operations, died Friday of a heart Storm Door A Windows Repaired or Replaced Mrs.

Amelia Zuch i1 The statement was issued by Robert C. Kelly, Ft. Atkinson, prescient of MAGIC and vice president of Allied, and Neil A. Woodington, Madison, president of Allied and, until his resignation earlier in the week, vice president of MAGIC. The statement by Kelly and Woodington said: None of the officers, directors or attorneys for the corporations involved were ever contacted prior to this action being taken; all of this In spite of the fact that we have cooperated fully and completely with all state departments concerned.

These corporations have been subjected to libelous and malicious attacks because an attorney general who finds himself in deep political trouble cries desperately for something to keep his name in the papers. The thousands of stockholders of these corporations do not appreciate these continued and unwarranted attacks. We thought that the entire matter had been settled by voluntarily offering two unjustified resignations. We intend specifically to hold responsible any party who circulates the libel contained in the orders. The attorney general, however, seems intent on destroying two fine companies.

We have weathered prior attacks and we intend to see that our stockholders continue to be protected in the future The investigation has had some political overtones. Woodington and MAGIC'S former secretary and current general counsel, Clarence Bylsma of Madison, are ao tive Democrats. Atty. Gen. George Thompson, a Republican, in August, called upon Gov.

Reynolds to remove Insurance Commissioner Charles Manson, a Democrat, for allegedly not co-operating with the attorney general's office, In its inves Funeral services will be Monday in Baraboo for Amelia Zuch, 84, of 400 E. Lake-view Madison, who died in a Madison hospital Friday. She is survived by her son-in-law, Alvin E. Reiner, with whom she made her home in Madison. Scheibel funeral home in Baraboo is in charge of arrangements.

Hugo Baerwolf PORTAGE Hugo A. Baerwolf 91, died Friday in a Portage hospital after a brief illness. The funeral will be at 3.30 p.m. Monday in St. Johns Lutheran Church.

Friends may call after 3 p.m. Sunday at the Pflanz funeral home. Portage. He is survived by six sons, Herman, Milwaukee; Edward, South Leeds; Robert, Arlington; Albert and Hugo both of Portage; and Louie, Charleston, S.C.; three daughters, Mrs. August Frederick, Horicon; Mrs.

Minnie Paske, Portage; and Mrs. Charles Thomas, Wisconsin Dells; a brother, Adolph, Arlington; two sisters, Mrs. Minna Hebei, Poynette; and Mrs. Louise Lintner, in Germany; 23 grandchildren; and 35 great-grandchildren. Arthur Wolfe Arthur C.

Wolfe, 72, Rockford, 111., died Friday in a Madison hospital after a long illness. He was born in Streator, 111. Survivors include his wife, Mabel; a step-daughter, Mrs. Charles Joy, Grinnell, and a sister, Miss Gertrude Wolfe, Long Beach, Calif. Graveside rites will be on Monday in Camp Butler National cemetery, Springfield, 111.

The rosary will be at 3 p.m. Sunday in the Joyce funeral home, 540 W. Washington ave. Portage To Be Hosts to VFW PORTAGE The annual fall conference of the Second i s-trict Veterans of Foreign Wars and their auxiliaries will be held Sunday in Portage. Representatives from 26 auxiliaries in Dodge, Jefferson, Dane, Waukesha, and Columbia counties will meet in Portage High school.

The VFW Post meetings will be held in the VFW clubhouse. Second District president Mrs George Fansin, Pewaukee, and Second District commander Michael Garfield, Watertown, will be the presiding officers. John E. Ingivell BLANCHARD VILLE John Ingwell, 76, a retired area farmer, died Thursday in a Monroe hospital after a month's illness. The funeral will be at 2 p.m.

Monday in the Yellow Stone Lutheran Church. Friends may call in the Saether funeral home after 10 a.m. Sunday. Madison survivors include a sister Mrs. Donald Parks, 2646 E.

Johnson and a son, Phillip, 1709 Ellen ave. Mr. Ingwell was born in Blanch-ardville, and was maiyied in 1920 at Freeport, 111., to Velma Larson. They farmed until her death in 1946, when he moved to Blanchardville. Also surviving are three daughters, Mrs.

Myron Hanson, Blanchardville; Mrs. Lule Gilbertson, Monroe; and Mrs. Robert Dimple, Barneveld; a son, Lawrence, Mineral Point; two brothers, Grant Ingwell, New Glarus; Martin, Argyle; 30 grandchildren; and two great-grandchildren. F- MODERNIZE YOUR nmo GUN TYPE BURNER It YOU have guntype oil burner our Combustion Efficiency Analysis can reveal HOW MUCH FUEL SAVINCS YOU CAN EXPECT John W. Cegelski BEAVER DAM-John W.

Cegel-i ski, 84, Beaver Dam, died Friday in a Beaver Dam hospital after a long illness. Mr. Cegelski was a lifelong Beaver Dam resident and was a member of St. Michaels Catholic Church. Surviors include a sister, Mrs.

Martha Schmidt, Beaver Dam. The funeral will be at 9 a.m. Monday in St. Michaels Catholic Church. Friends may call after p.m.

Sunday at the Murray funeral home, where the rosary will be recited at 7:30 p.m. Louis Kosel LODI Louis Kozel, 76, Rt. 1, Lodi, died Friday in a Portage hospital after a long illness. He was a lifelong Lodi-Okee-Madison area resident. He was a painter and decorator.

He retired to Okee about 10 years ago. Survivors two sisters, Mrs. Emma Gluth and Miss Mary Alice Kozel, both of Lodi; and two brothers, Ben and James, both of Lodi. The funeral will be at 10:30 a.m. Monday in the Hamre funeral home, Lodi, where friends may call after 10 a.m.

Sunday. The family suggests memorials be made to the Cancer Society. Verona Church Women Elect I VERONA The Women of the Church of St. James Lutheran Church elected officers as follows: Mrs. George Pederson, president; Mrs.

Don Lenherr, vice president; Mrs. Mae Guild, secretary; Mrs. David Jacobs, treasurer; Secretary of Education, Mrs. Carrie Steckelberg and Secretary of Stewardship Mrs. John Scharer.

FOR ADULTS ONLY! Become A Licensed REAL ESTATE BROKER OR SALESMAN! Easy, Fast. Low fee. VISIT FIRST CLASS FREE in MADISON at HOTEL LORAINE on Monday, Sept 21st. from 9 30 A to 11.30 A M. Start course now.

WISCONSIN SCHOOL OF REAL ESTATE HI W. Wisconsin Milwaukee Shell Botmt-Fb twpwi rt lw p- citiM Mitts 1- Automatic oil rtlvt for clean ittrtup nd thutdown 2 Shell Compart Head for complete blending rt eir end eiL New Shell Burner Pak can aave you money peer after year after year. BORDEN PRESIDENT DIES WESTPORT, Conn. James V. Bassett, 53, president of the Borden Food Co.

was found dead in bed Friday. MADISON FUEL CO. AL 5-2919 niter Novak FT. ATKINSON Walter Novak, b4, Ft. Atkinson, died Friday in a Ft.

Atkinson hospital after a long illness. He was employed at Hoards Creamery here. Survivors include his wife. De-lores; and a son, Ronald, and a daughter, Judith, both at home Arrangements are pending at the Royal F. Hayes funeral home, Ft.

Atkinson. BEEF SALE-IO BAYS ONLY! Stainless Service 0 for 6 FREE with the purchase of any quarter or tide. Steel Set Hugo Iloessel CROSS PLAINS Hugo Hoes-sel, 73, Cross Plains, died Friday in a Madison hospital after a brief illness. Mr. Hoessel was a lifelong Cross Plains area resident and was a retired railroad worker.

Funeral arrangements are pending at the Acker ral home. Cross Plains. Services will be held at 2 p.m. Monday at St. Martins Lutheran church.

Cross Plains, with the Rev. C. L. Kalmoe officiating. Burial will be in the Valley Home cemetery.

Cross Plains. Friends may call after 2 p.m. Sunday at the Acker funeral home. Cross Plains, until 1 p.m. Monday.

The family has requested that flowers be omitted. Sara Merman LAKE MILLS Miss Sara Merman, 93, Lake Mills, died Friday in a Jefferson hospital after a long illness. Miss Merman was born in the Lake Mills area, where she lived most of her life. She was in the millinery business for several years. There are no immediate survivors.

The funeral will be at 2 pm. Monday at the Westin funeral home, where friends may call after noon Sunday. Call For Appointment and Price Reservation! U.S.D.A. CHOICE Hindquarters (FK. 40 PORK CHOPS or 15 Lbs.

of Fryers lb. with purchast of hind or half beef or whole! SUNDAY SPECIAL CHICKEN DINNER Example aw tot. $9Q Tout Pried 9 Extra REVERSE BLE ANY-WEATHER CAR COAT flips from corduroy to water-shedding poplin lO.SS 'Weather wont faze our practical little inside-out coat! Wear the patch-pocketed corduroy side out for fair and cold. turn to the slash-pocketed cotton poplin side when it gets soupy I Antelope or loden misses sizes. 3 Discount on Total Price of Your Purchase of Beef Whole FAMILY STYLE Served with Peas, $l85 Snowflake Potatoes I REGULAR MENU ALSO AVAILABLE Special Served p.m.

U.S.DA. Insp. fir Graded BLACK ANGUS Beef Halves 27 He Reserve EXTRA ninht U.S.D.A. Insp. and gradad BEEF WHOLES 25c TREK! Whole Ho with Purchase of Whole Beef! .54 Exampio zw lot.

Total Prtco Entertainment Tues. Thru Sat. Doria Merritt at the Piano 9 until 12 midnight OPEN TONIGHT TIL 9 P. IA. Charge It! Sam A Cash 105 Day or Take up to 6 month! Foi A FrH r5-7 FREEZER HERE'S WHY Wa cosh onh vmi aF Thre or no ct'argnsll TvJU hAVt hove no tre(jt losses I AT ROBERT HALL You save because we save I A MEATS 311 E.

MAIN ST. STOUCHTON. WISCONSIN PHONE 873-9946 (Direct Dil from Madison no toll chargel Open Daily and Saturday 9 to 9 Closed Sunday 4402 last Washington Avenue Phone 244-4707 JOIN OUR SWIM CLUB 3205 E. WASHINGTON AVE. AMPLE FREE PARKING Shop Sunday Noon til 6 P.M..