Muncie Post-Democrat, Muncie, Delaware County, 5 June 1925 — Page 4

PAGE FOUR.

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THE POST-DEMOCRAT.

FRIDAY. JUNE 5, 1925.

Broadening the Base of Industry

“We are living in a world too small to be compartmented,” says Willis H. Booth, President of the International Chamber of Commerce. Long ago the Standard Oil Company (Indiana) foresaw the change in business which is now taking place. Several years ago this Company took a long step in advance by widening the ownership of its capital stock, and by bringing into complete harmony the interests of customers, stockholders, employes and the public. So far as the Standard Oil Company (Indiana) is concerned, the interests of capital, labor and the consumer are no longer divided into separate “compartments.” These interests are one. Only by the profitable employment of the stockholders’ capital can the consumer be served and labor employed. The stockholder wants dividends. Dividends are paid out of profits. Profits follow service to the consumer. Efficient service to the consumer can only be achieved through a wise labor policy. By the careful, thorough-going administration of its affairs, the Standard Oil Company (Indiana) has interlocked these interests in such a manner as to promote complete harmony in its own organization—and to develop and encourage the spirit of “I Will” and “I Can”—resulting in an enthusiastic service to the thirty million people of ten Middle Western states. Every purchaser of a gallon of gasoline manufactured by this Company gets the benefit of a myriad of activities, the enthusiastic labor of innumerable men, and the use of an immense amount of capital. The ideal which inspired the Standard Oil Company (Indiana) to work for a practical fusion of the formerly divergent interests was an ideal of service: an earnest desire to further progress by the creation of new wealth in the form of an abundant supply of petroleum products: a determination to sell these products at prices low enough to bring them within the reach of all; making the comfort and luxury of motoring as available to the day laborer as to the multi-millionaire.

Standard Oil Company (Indiana) General Office: Standard Oil Building 910 So. Michigan Avenue, Chicago 3904

T. H. Glancy Host of Hotel MARQUETTE Hotel for Your Mother. Wife and Sister

Rates: One person $2.50 to $3.50 Two persons $3.00 to $5.00

The Friendliest Hotel in St* Louis TT is a matter of great pride with -*• mine host of Hotel Marquette that the many, many folks his roof has frequently sheltered, greet him gladly and leave him with regret. Mine Host and all his staff are of the fine old school of courtesy. They are well satisfied to conduct a hostelry noted for friendliness and comfort, unforgettably good food, and most moderate rates. If you are aweary of glitter and glare and din, come to Hotel Marquette when you are in St. Louis.

Marquette ® H."GLANCY HOST Washington at 18th it St. Louis ^

i

WHEN SIGNALS ARE SET AGAINST YOU

Danger Signs Given by Bankers—People With Money to Invest Warned Against Ways to Lose It—The Lure of “Easy Money.”

If you were an engineer on a railroad you would not intentionally pass safety signals set against you. To the experienced investor there are similar signals for safeguarding his investments. Some of these signs of danger, issued by the Public Service Committee of the State Bank Division, American Bankers Association, in conjunction with the Better Business'

Bureau, are briefly indicated here.

Big Returns—It is easy to promise All honest securities dealers unite in;

an abnormally high rate of dividends, or large market profits, to prospective investors. Heavy risks usually accompany such lures. They are too often the chief talking points of financial charlatans. Prominent Names — Promoters know that the names and endorsements of successful men carry weight. They are often used without authorisation. The, prudent investor will look beyond names and will investigate. The “Ground Floor”—An opportunity to “get in on the ground floor” often turns out to be the same sort of opportunity which the proverbial spider extended to the fly. ' Inside Information—“Inside tips” are usually expensive pieces of misinformation. When used as “confidential information” to influence the small investor they are generally of spurious character. The Fictitious Advance—Professional promoters often arbitrarily advance the prices of the shares they sell as their campaigns gain headway to create buying excitement and induce new buyers to get in before the next rise. Such price advances are artificial, usually employed merely to “speed up” the unloading of shares. The Telephone Canvass — Irresponsible vendors find it easy to work over the telephone to victimize incautious investors. The cautious investor will not enter into securities transactions by telephone unless he personally knows with whom he is dealing. The Unselfish Pp.omoter — The promoter who “gives his services” in organizing a company or as an officer of it and advertises that he does so, will bear watching. The Irresponsible Guarantee—Irresponsible sellers of securities often “guarantee” certain profits, or even that they will buy back shares when the purchaser wants his money. Promises of this nature are made to preate confidence and to lull suspicion. They should indicate to the prospective purchaser a special need to investigate. “Reorganization” and Merger — Unsuccessful companies forced into “reorganization” often call Upon stockholders for new funds. Response to such appeals often means merely throwing good money after bad. A conspicuously fraudulent device has been the “merger,” by which a new company trading upon fresh prospects and promises, takes over the assets of an unsuccessful venture and issues new stock for old, provided the shareholder pays 25 per cent or so in cash. The Partial-Payment Plan—This helpful method of selling securities has been much abused. People who prefer to buy securities out of their weekly or monthly earnings, are sometimes victimized by vendors of stocks which have little or no value.

warning the investor to buy on the partial-payment plan only after making sure of the financial responsibility and standing of the firm with which' he does business. The Appeal to Prejudice—A chief stock in trade of the unreliable promoter is misinformation which plays, upon the prejudices and emotions of prospects. This style of promoter points out supposed “evils” and “special privileges” existing in the world of “high finance.” He may urge that his venture is a poor man’s proposition, free from the “large underwriting profits which the big fellows get.” 1 Usually such sellers endeavor to throw suspicion on others to divert it from themselves. False Sense of Security—“Real estato—the safest security on earth,” is the type of slogan under which at times unscrupulous operators endeavor to unload property on persons who want to make an investment, but not a poor speculation. Experienced opinion, supported by impartiallygathered facts, forms the only basis upon which to buy real estate, especially when you cannot see it before

you buy.

Mining Fallacies — Many mining ventures are honest but fail because the promoters are unable to finance the proposition through to a successful conclusion. Many other mining promotions are not good prospects although they may be represented as such. If a small investor wishes to buy mining stocks he can do so by purchasing securities of established mining companies with records of substantial earnings and. of dividends regularly paid to stockholders. Oil Risks—To almost every one come opportunities to speculate in oil schemes. Very often such offerings are misrepresented. Usually they are sheer speculations, all the risks being taken with the stockholders' money, while the promoters pay themselves handsomely through stock sales, commissions, salaries or “organization expenses.” The investor who desires to buy mining or oil securities should get facts and experienced opinion as to issues of established, successful oil companies. Even the legitimate mining or oil business is speculative and depends for profits upon a sound combination of properties, organization, finances and management. Invention Delusions—The general public too often believes that large profits are to be gained throngh patented processes or devices. Inventions are a fascinating means for separating inexperienced investors from their savings. Even when practical from a marketing and manufacturing standpoint, patents are usually only moderately valuable. The small investor cannot afford to take an “Invention Chance” with his funds.

PERSIA OBJECTS TO SOVIET MOVE Country Says It Will Appeal To League of Nations. Geneva, June 5.—Alleged bolshevik military aggressions on the Persian frontier are deemed so serious by Persia that the Persian representative to the League of Nations announced Saturday night they might have to appeal to the council of the league on the ground that the situation constituted a menace to international peace. Prince Arfa Ed Dowleh, former head of the Persian delegation to the league assembly, but now in Geneva to attend the arms traffic conference, today informed the American and other delegations that Persia was suffering from a series of in cursions by soviet troops in violation of the treaty signed between Persia and the Russian soviet government in 1921. The gravest charge is that the Russians incited 3,000 Nomads and Tartars in Turkestan to attack Bodjnourd, Persia, in an effort to capture the holy city of Meshed. ——- ■ ■ ' o Pickford Plotters Get Early Trial Los Angeles, June 5.—With con fessions from all three suspects. District Attorney Asa Keys Is preparing for a speedy trial of the men who planned and bungled the kidnaping of Mary Pickford, whom they intended to hold for $200,000 ransom. Keys predicted that the case would be taken before a grand jury early this week.

The confession of C- A. Stevens, the alleged brains of the trio of former truck drivers who planned to carry Mary to a cabin In the mountains and hold her for the ransom, corroborated the confessions of the other men, Claude A. “Fat” Holcomb and Adrian James Wood. Stevens made a clean breast of his share in the plot Monday. The details of the plan disclosed a plot more daring than a scenario could outline and still be convincing. It was apparent that the would be kidnapers were amateurs, so loosely were the plans laid. o Airplan Links Dayton With Cincinnati, 0. Cincinnati, O., June 5.—'Passenger airplane service on a regular schedule was opened Monday between Cincinnati and Dayton, O., with Lunken Airport as the Cincinnati terminal. The service and the field were dedicated to the public by Mayor George P- Carrell, Cincinnati; Mayor Frank Hale, Dayton, and Congressman Roy Fitzgerald in the presence of a large throng, including a ‘‘flotilla’’ of planes, and passengers from Dayton, Monday. Cincinnatians may now fly to Cir cinnati in thirty minutes. The passenger airplanes will leave either city at intervals of three hours. Night flying will be by appointment The schedule will not be interrupted by storms of wind or rain it was stated, but will be aboard regular trains. Cost of a round trip is $2.25. o Fifteen thousand bakers are required to supply New York with its daily bread.

CITY ADVERTISEMENTS

Department of Public Works Office of the Board 212 Wysor Block Muncie, |nd.

To Whom It May Concern: Notice is hereby given that the assessment rolls with the names ot the owners and description of property subject to be assessed, with the Amounts of prima facie assessments, have been made and are now on file and can be seen at the office of the Board, for the following improvements, to-wit: I. R. No. 1056-1923, For cement sidewalk on East side of Walnut Street from 18th Street to 22nd Street. I. R. No. 1204-1924, For local sewer in Eleventh Street from Batavia Avenue to Gilman Avenue. I. R. No. 1210-1924, For a local sewer in Council Street from .Eighth Street to Seventh Street; thence in said Seventh Street east 75 feet. I. R. No. 1211-1924, For a local sewer in Fifth Street from Perkins Avenue to Sampson Avenue. I. R. Mo. 1228-1925, For cement sidewalk, on north side of Charles Street from Calvert Avenue to McKinley Avenue. I. R. No. 1240-1925, For local sewer in Manning Avenue from first alley south of Jackson Street to Adams Street. And notice is hereby given that on the 9th day of June 1925, the Board will, at its office receive and hear remonstrances against the amounts assessed against their property respectively on said roll, and will "etermine the question as to wheth er such lots or tracts of land have been or will be benefited by said improvement in the amounts named on said roll, or in a greater or less sum than that named on said roll or in any sum at which time and place ail owners of such real estate may attend, in person or by representative, and be heard at 7:30 o’clock P. M. BOARD OF PUBLIC WORKS Mary E. Anderson, Clerk. Advertised on May 29-June 5-1925. o NOTICE OF BOND SALE.

Notice is hereby given by the undersigned, Treasurer of Delaware County, State of Indiana, that on and after the hour of 10 A. M., on the ninth day of June, 1925, at the office of said treasurer, in the court house, at the City of Muncie, Indiana, the undersigned as treasurer of said county, will proceed to sell to the highest and best bidder for cash, at not less than the principal sum named in such bonds, certain highway improvement bonds of the face or par value of $31,000.00, bearing interest from and after August 15th, 1920, at the rate of four and one-half per cent, per annum, payable semi-annually, on the 15th day of May and the 15th day of November of each year, for the period

of 10 years.

Said bonds have been issued in strict compliance with the laws of the State of Indiana and pursuant to an order of the Board of Commissioners of Delaware County, authorizing the issue and sale of said bonds for the purpose of providing funds for the construction and improvement of a certain highway, petitioned for by Samuel H. Dragoo, et al, in Center township, said county, Indiana. Said bonds will be 80 in number, dated August 15th, 1920, of $387.50 each. The first four bonds will be due and payable May 15th, 1921 and four bonds each six months thereafter until all of said bonds have been paid. Bonds will be settled for and delivered to purchaser at office of said Treasurer at Delaware County Court House, Muncie, Indiana. The right is reserved to reject any

and all bids.

FRED F. REASONER. Treasurer of Delaware Co. Ind. May 29&June 5. o CITY ADVERTISEMENTS Department of Public Works Office of the Board 212 Wysor Block

Muncie, |nd.

Notice of Improvement Resolution. Notice to Property Owners. In the matter of Certain Proposed Public Improvements in the City of Muncie, State of Indiana. Notice is hereby given by the Board of Public Works of the City of Muncie, Indiana, that it is desired and deemed necessary to make the following described public improvdments for the City of Muncie, Indiana, as authorized by the following numbered improvement resolutions, adopted by said Board, on the 26th day of May 1925, to wit: I. R. No. 1282-1925, For the paving of Brittain Street or Avenue, from Jackson Street to Charles Street. I. R. No. 1283-1925, For cement curb and gutter on both sides of Penn Street from Willard Street to Twelfth Street. I. R. No. 1284-1925, For paving the

alley lying between Walnut street and Mulberry Street from Ninth Street to Twelfth Street. AH, work done in the making of said described public improvements shall be in accordance with the terms and conditions of the improvement resolution, as numbered adopted by the Board ’ of Public Works on the above named date, and the drawings, plans, profiles and specifications which are on file and may be seen in the office of said Board of Public Works of the City of Muncie. Indiana. The Board of Public Works has fixed the 16th day of June, 1925, as a date upon which remonstrances may be filed or heard by persons inter ested in, or affected by said described public improvements, and oni said date at 7:30 o’clock P. M. said Board of Public Works will meet at its office in said City for the purpose of hearing and considering any remonstrances which may have been filed, or which may have been presented; said Board fixes said date as a date for the modification, confirmation, rescinding, or postponement of action on said remonstrances; and on said date will hear all persons interested or whose property is affected by said proposed improvements, and will decire whether the benefits that will decide w-hether the benefits the-i and adjacent to the proposed im provement and to the said City will be equal to or exceed the estimated cost of the* proposed improvements, as estimated by the City Civil Engineer. BOARD OF PUBLIC WORKS Mary E. Anderson, Clerk. Advertise on May) 29-June 5-1925. o CITY ADVERTISEMENTS

Department of Public Works Office of the Board 212 Wysor Block Muncie, Ind.

Notice of Declaratory Resolution Notice to Property Owners. Notice is hereby given by the Board of Public Works of the City of Muncie, Indiana, that it is desired and deemed necessary to make the following described vacation for the City of Muncie, Indiana, as authorized by the following numbered decaratory resolutions, adopted by said Board, on the 26th day of May, 1925, < to-wit: D. R. No. 1285-1925, For the vacation of a strip of ground five feet in width off of each side of Bidwell Avenue from the East line of Granville Avenue east to the west line of the alley lying between Granville Avenue and Jefferson Street, said alley being parallel to Granville Avenue; Also a strip of ground five feet in width off of each side of Bidwell Avenue from the west line of Jefferson Street west to the east line of the alley lying between Jefferson Street and Granville Avenue, said alley being parallel to Granville Avenue, same being a part of the Whiteley Land Company’s Second Addition to the City of Muncie, Indi-

ana.

D. R. No. 1286-1925, For the vacation of a strip of ground 17.5 feet off of each side of Eleventh Street from the west line of Macedonia Avenue to the west line of Lots Numbered 924-930 and 993 of Galliher’s Subdivision, in the City of Muncie, Indiana. All work done in the making of said described vacation shall be in accordance with the terms and conditions of the declaratory resolution, as numbered, adopted by the Board of Public Works on the above named date, and the drawings, plans profiles and specifications which are on file and may be seen in the office of said Board of Public Works of the City of Muncie, Indiana. The Board of Public Works has fixed the 16th day of June, 1925, as a. date on which remonstrances may be filed or heard by persons interested in, or affected by said described vacations and on said date at 7:30 o'clock P. M. said Board of Public Works will meet at its office in said City for the purpose of hearing and considering any remonstrances which may have been filed or which may have been presented; sait^ Board fixes said date as a date for the modification, confirmation, rescinding, or postponement of action on said remonstrances; and on said date will hear all persons interested or whose property is affected by said proposed vacations, and will decide whether the benefits that will accrue to the property abutting and adjacent to the proposed vacations and to the said City will be equal to or exceed the estimated cost of the proposed vacation as estimated by the City Civil Engineer. BOAfD OF PUBLIC WORKS By Mary E. Anderson, Clerk. Advertise on May 29-June 5-1925. o According to the census of 1919, there were forty-six qities in Germany with a population of 100,000 and upward. Despite popular belief the ostrich does not hide its head in the sand when fear afflicts it.

OREGON LAW IS HELD IU LID BY SUPREME COURT Parents and Guardians Have Right To Direct Education of Child, Washington, June 5.—The liberty is given parents and guardians to direct the upbringing and education of children under their control “without unreasonable Interference by state governments,was upheld Monday by the Supreme Court. Deciding two cases appealed by the state of Oregon, one against the Society of the Sisters of the Holy Names of Jesus and Maryland the other against the Hill Military Academy, the court unanimously held unconstitutional the law under which all children in the state between the ages of eight and sixteen would have been required to attend a public school atfer Septembr, 1928: The right of parents and guardians to direct the education of their children is guaranteed by the Constitution, the court declared in an opinion by Justice McReynolds and cannot be abridged by legislation which had no reasonable relation to some purpose within the control of the state. Can Examine AH Schools. ‘‘The fundamental theory of liberty upon which all governments in the Union repose,” Justice McReynolds asserted, ‘‘excludes any general power of the states to standardize its children by forcing them to accept instruction from public teachers only. The child is not the mere creature of the state; those who nurture him and direct his destiny have the right, coupled with the high duty, to recognize and prepare him for additional obligations.” The Oregon cases, the court pointed out, did not raise any question as to the power of the state reasonably to inspect, supei^ise and examine them, their teachers and pupils; to require that all children of proper age attend some school, that teachers shall be of good moral character and patriotic disposition, that certain studies plainly essential to good citizenship must be taught, or that nohing be taught which is manifestly inimical to thepublic Welfare. o Lower Tax, Aim of Congress—Watson Richmond, Ind., June 5.—The Federal policy of tax reduction and necessity of the same reform in local taxation was the theme of aa address which Senator James B. Watson delivered before the Richmond Rotary club here Tuesday in connection with a celebration at which veterans of th e civil war were guestsAfter paying a tribute to the soldiers of the civil war, Senator Wa-t son said Congress intends to keep on reducing taxes so long as it can be done in a safe and sane manner for the good of the whole country.

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ANOTHER PLACE TO GO COLUMBIA THEATRE The House of Class and Quality Delaware County’s Palatial Home of— PARAMOUNT PICTURES In tb® Biggest Productions 20-35c Plus Tax. Continuous. Magnificent Pipe Organ

ANOTHER PLACE TO GO LYRIC THEATRE Big Pictures—Bargain Prices The world’s biggest productions and all the favorite stars can be seen here at lower prices than any theatre in America. Make It YOUR theatre Children 10c; Adults 15c plus tax