Salt Lake Telegram | 1928-01-05 | Page 1 | Free Show 'Angel' Once Gave Friend 6 Million 'Stake'

TI 1 A 1 r Free ree Show now Angel Once Ga Gave le FJ Friend i nd 6 Million Stake Davis Backed I Ib b but t Venture Did Not Flop Like Production of The Ladder J NEW YORK YC-RK Jan 5 5 AP Ed AP Edgar Ed- Ed gar B. B Davis the angel of the only free show ever presented on Broadway today was revealed as a aman aman aman man who grubstaked a friend for in gratitude for a loan which led to his own into the millionaire class lass The friend was Frank FrankA A. A Selber Selber- ling The two men met in New NewYork NewYork York twenty years ears cars ago when Davis w was was s' s president Jent of f the United States Tire and Rubber company and Sei- Sei berling was head of 0 the Goodyear Tire and Rubber company STRUCK STRUCK OIL Davis later Quit the rubb rubber r Industry in industry industry In- In and spent his 1113 entire fortune In a J. J s search arch for oil un in Texas l Pressed for money but confident he would strike oil oU he appealed to g whom hom he had bad not seen for ten years loaned him hint Davis struck oil and Continued on n page go 10 19 Free Show Angel Anger Once Gave Friend 6 6 Million Stake Continued from pago page 1 1 old fold liis i holdings to the Standard Oil on company for 1920 In finding himself out of Goodyear Goodye and and virtually broke organized a rubber comP company com corn comI I pany P TY bearing his name Ills His assets were taken over by the f Prudential Se Securities Securities' r company compan which Davis helped organize putting in himself and Indorsing notes for 5 Last year jear ear Rubber re returned returned returned re- re turned turned- a net profit o of And Ahda h a days go took up p the notes and released Davis as guarantor Davis refused to accept interest said NEW COMPANY FORMED The two have havo now organized a a. anew anew new new corporation which holds COO OO shares of ot Goodyear common I stock aock to ek valued at yester yesterdays yesterday's ays ay's closing p prices as 9 Davis came into public notice when ho he backed The Ladder known as ae the gre greatest test flop lop ever eer to enjoy a. a run on Broadway The play opened in October 1926 and has been a a. finan lal failure since its opening night Davis is estimated to havo have lost on the production but has announced he has no intention of oC withdrawing it The play ilay deals With reincarnation nation a theory Davis encountered in India and in he firmly believes belle s. s Admission to the tle show recently has been free