Muncie Post-Democrat, Muncie, Delaware County, 16 January 1931 — Page 4

FRIDAY, JANUARY IS, 1931.

THE POST-DEMOCRAT 'rwsrooei-atlc weekly newspaper representing the Democrats of Muucie. Delaware County and the 8th Congressional District. The orly Democratic Newspaper in Delaware County,

Employment Gains During Month

Sntered as second class matter January 15, 1921, at the Postofflc* *t tfunde. Indiana, under the Act of March I, 1879.

PRICK ft CENTS—$2.00 A YEAR.

223 North Elm <Weet—Telephone 2540 CHARLES H. DALE, Publisher. Geo. R. Dale, Editor.

Murcie, Indiana, Friday, January 16, 1931.

JL .li. V

The indignation meeting of Whitely folks held in th council chamber Wednesday night seems to be the beginning of the end of the paving trust. The editor oi the Poet-Democrat was elected mayor v Muncie largely because of his revelations concerning tl paving trust and its manifold iniquities. ciirrgjd are no., bci g pro d hi ; happen d al over i, unc . the meeting to be held in the council chamber nexi vv eu day mgnt rniiigs will aeveiop tnat all citizens o^. Me should know. The pendulum, poised so long at the zero point, is swe w ing back. Let ’em sweep. And likewise. This newspaper has for many years told how money has betn squandered and stoien in Muncie by public ofticiai The editor of the Post-Democrat took office as mayc January 6, 1930. The city treasury was worse than empty. After a great year of heartening progress tfre may w the largest net balance in the general fund in the hi Muncie, over seventy thousand dollars, ous a tic members of the counc 1 have been diggi. for a year to find cause for impeaching the mayor of Munc The reason is now apparent. He has been piling up foi the people too much money, the root of all evil, a very, ver. reprehensible act. He ought to be impeached for that. But nevertheless the money is there and those who wanted a business administration, bossed by Billy William: and George Cromer are pondering over something they can not laugh off or cough out. A bunch of girls at a banquet held here a few month ago, singing a little improvised song about Mayor Dale sang “He’s So Unusual.” Those seventy thousand smackers arc certainly unusual here anyway, whether the mayor is or not.

PAVING TRUST

(Continued from Page One) arose and told what had been done to Whitely. One lady said she was solicited to sign the, eighty percent waiver with the promise that if she did so she would get her curb and gutter free. Another said a man came to her and asked her to “sign a paper that would increase her property valuation.” The assessed valuation of the property was $350. The assessment against the property for i the construction of the street was $666.75. It was declared that Charles McLaughlin, former city hail janitor, circulated the waiver and signed his name to it as a property owner when he owns no real estate in Whitely. Others declared that their signatures had been forged to the waiver. One man present pointed to his name on two of the waiver sheets and declared both were forgeries. It has been discovered, searching the records in the office of the board of works that in making the estimates for the Whitely improvements, the former ’city engineer neglected to follow the law requiring estimates to be made on various forms pavement. Estimates were made only on brick, the highest priced pavement. None were made on macadam, the cheapest type, which was used on the V/hitely streets. The conspirators did not dare to make an es Cm ate for that type of improvement. That wouk hav: given the snap away. The contract price, $lTt‘ per square yard is about twice what it should be. Prima facie of rank fraud lies in the fact tha^ the conspirators who no doubt knew in advance what the Hampton board of works was going to do, est'mated only on brick, which costs around live dollars a yard, as a basis of calculation for buildingstreets in Whitely, after assuring the residents there that their property would not bear the expense of concrete, which costs around $1.75 at fair figure. Things look gloomy for the paving trust. Call around at the meeting in the council chamber Wednesday night. You may" hear people tell things openly that the Post-Democrat has been preaching here ever since the paving trust was formed. Names W ; ll be named.

Secretary of Fire Department

Members of City Plan Commission

Seated—left to right—Harold Hobbs, Charles Indorf, president; and Mrs. Nacmi Silverburg. Standing—left to right—H. L. Parkinson, Paul Davis, Ray W. Clark and Charles O. Schuster. City Engineer W. A. Harley is secretary of the commission but was not in the picture. Outlining the business districts downtown and at various points in the city makes the city plan commission an important group in the progress of Muncie. This commission has jurisdiction in the designation of business locations and must plan for the future growth of the city. Zoning and rezoning of business and residential districts either retards or st : inmates the growth of a municipality and the Dale administration is most fortunate in he selection of the fine calibre of citizens composing this commission.

Triangle Wholesale Electric Co. JOBBER AND DISTRIBUTORS OF ELECTRICAL SUPPLIES. R, C. A. RADIOTRON “Thfc Heart of Your Radio” NATIONAL MAZDA LAMPS Household and Commercial FIXTURES Complete Line of Electric Appliances Telephone 289 315 E. Main St.

■Courtesy/’StarAbove—Jap Liinebaek. lieiow—Geo. W. Dyke. Gain of 1,426 persons in employment in Muncie since Dec. T, Was reported last night by Jap Lineback. director of the Muncie Free Employment Bureau and George W. Dyke, vice president of the government’s committee here to aid employment. On Jan. 15, a total of 7,850 persons were employed according to a survey on that date while on Dec. 1, last year, the number set the same plants and business houses was but 6,424. Peak employment figures for the same group was more than 10,000 p r.-,ous.

(Photo by' GOodlander Sisters.) GLENN BUTTS As. secretary of tlve Muncie Fire Dcparunflrt, Glenn Butts is in charge of the vast amount of statistical work in connection with the department. Data on lire losses, valuation of structures involved in fires, insurance and many other phases of statistics are compiled each day for the records of the department. Fire losses in 1030 were the lowest in years and this was greatly attributed to ih intensive lire prevention aativPler. of tile department, insurance rate; dropped fifteen percent in the bus mess district due to the reductioi j of fire losses and acquisition o'

Success to the Administration The ■ Broderick Co.

About twenty five miles o' underground passages of Carsbac caverns have been explored, and the end of the caverns is yet tr he found. The. family of a pair of musk rats usually increases by three tr

five litters of young each year, each litter consisting of five ea ;ight babies. Fruit acids, paradoxically, Conner act the acid effect of cenin oods in the diet.

THE RESOURCES OF

The Mutual Home and Savings Association DECEMBER 31, 1930 $5,460,591.70

rr-y 'M

Growth

The gradual but substantial growth of “THE MUTUAL HOME” for over forty-one years is an evidence that the security, special advantages and courteous treatment qre appreciated by prudent, thoughtful investors as well as borrowers.

Financial Statement or the Six Months ending Dec. 31,1930 ASSETS QUICK ASSETS: Cash on hand and in banks *$^131,148.38 Joint slock land bank bonds 127,496.50$ 261,644.88 LOAN ASSETS: Loans on mortgage security _ 4,824,134.95 K. E. bought and resold on contract 169,612.40 Pass book loans 125,491.46 5,119,238.81 OTHER ASSETS: Office building 1 26,153.68 Real estate other than ollice building 40,707.63 Sheriffs cerliikates r __ 11,846.70 Furniture and fixtures _____ 1,000.00 79,708.01

Dividends At the Rate cf 6% were declared on December 31, 1930, for the six months, which' will amount to $144, 464.35, and leave surplus for undivided profits. The total dividends for the year amounted to more than $296,439.13.

Home Payments Are An Investment There is considerable more satisfaction in making payments on a home than in paying rent. ' In the one case every dollar is benefiting you — in the other, the landlord is the chief beneficiary. And then, above all, is the knowledge that you are living in your own home—that no one can raise your rent or order you to “move on.”

LIABILITIES

TO INVESTORS: Due investing members $4,890,566.34

$5,460,591.70

Due loan members Due contract holders

Due loan members on

construction loans ^

OTHER UAiiiLiTiES:

Fund for contingent losses Undivided profits Dividends to be credited to

members January 1, 1931

266,193.55

7,285.89

958.83 5,165,301.61

100,009.00 50,822.74

150,822.74 111,464.35

$5,160,591.70

F- v.y- > • ■ Organized August 1889 Dividends paid during 1930 amounted to $296,139.13

‘ Where Has My Money Gone?” How often do you ask yourself that question? Suppose a fair percentage of it went into this savings institution under your name. At the end of the year think how much better you’d feel. It pays to save. And your savings grow faster here, for we pay 6% dividend. The time to open a savings account is now!

In saving money with the “MUTUAL HOME” you are protected by Iiuliaiui building and loan law. The boohs of the association and all securities; including notes, mortgages and insurance policies, are given a rigid examination by officials of the state building and loan department, the same as national banks are examined. Our books are also audited each month by the finance corn millco of our board of directors.

Security

Your money is loaned to owners of improved real estate (after a careful valuation by our committee on securities) and secured by first mortgage on their homes. In addition, both fire and tornado insurance policies are required, payable to the association s its interests may appear—THERE IS NO BETTER SECURITY ON EARTH.

Borrowing Members 3,096 members have loans and are paying for their homes: in weekly or monthly payments. They receive dividends the same as investing members. All Money Loaned at 6%

DIRECTORS Everett Moffit, J. Walter Kirkpatrick, Harry F. Guthrie, W. F. White, Geo. N. Higman, Fred F. Reasoner, Warren M. Sample.

Officers Coo. N. I lignum, President. Everett M of fill, Vice-President Jameo C’awson, Secretary. W. F. White, Atty.

Finance Committee Everett Moffitt. Harry F. Guthrie. Fred F. Reasoner.

Committee on Securities Harry F. Guthrie. Everett Moffitt. J. Walter Kirkpatrick.

Investing Members As low as 25c per week may be invested in this association. There are now 7,164 investing members, having to their credit $4,890,566.34, v/ho were paid. Dividends at Rate of 6%