Decatur Daily Democrat, Volume 28, Number 275, Decatur, Adams County, 20 November 1930 — Page 3

- h CONTINUE Kpcbt Mav Not Be U So Tax Cul K. in Continue I.Aon. Nov- UR) -The ' Ek« tiv II I onsl<h‘i-atioii to H,,. public debt retlreru>n ye-t'' <n onb'V WiS. ||!P one per cent tax / this H WUH b arnk lo<lay. a . j«, I: .it, liowev. r, will O MBit,- I ' 1 " a move in Ills fl congress because . the matter will bit |K|' .no 'a' fl r discussion -.,! at the treasury T» KU- h ' ,f ,l, ‘ l ” Kai ta'„.. s:’.'.ls,<>OO,Ul>l> next ” congress acts, would

J How a Holding Company | Has Aided Ind iana’s J Growth and Progress hartiM **’ low I The state of Indiana today is not the state our fathers and t mothers knew. Great changes have been wrought even within the last decade. Extensive industrial development has taken ■ place in many parts of the state. Rural electrification has & extended to the farm the comfort and convenience of life in ■ the city. Growth and prosperity have come to many cities ksJRk and towns. g_Great progress is being made in the state. Much of this fl progress is due to the development of the electric light and fl power business. This modern servant has lessened the fl burden of household tasks and made work easier on the fl farm. It has increased production in the factory, at the same fl time lightening the daily toil of the worker. fl Playing an important part in this new era in Indiana’s fl history are the subsidiary companies of the Midland United fl Company. Small isolated electric companies have been comfl Lined into larger and more efficient units and hundreds of communities in the state have been interconnected in a vast network of electric transmission lines which have brought to Indiana the most efficient electric light and power service in its history. fl The Midland United Company is what is known as a holding S or investment company. It controls through stock ownership, fl public utility companies which supply essential public service fl such as electric light and power, gas and transportation. fl The public utility business is essentially a big business, fl It is a business requiring a very large investment. The total fl capital investment of Indiana subsidiaries of the Midland fl United Company in plant and property at the close of 1929 aggregated $226,736,111.43. fl Not only must the initial investment be large, but large amounts of additional money must be invested each year in new plants and other facilities to meet the ever-growing de*Mflfl mands for service. That is why investment companies such as g the Midland United Company are playing an important part fl in the development of the public utility industry. Investment ■ companies have brought together small public utility properfl ties in operating groups, and by co-ordination and pooling fl of resources have enabled each company to improve matefl rially its service to its customers. fl The Midland United Company strengthens its subsidiary fl operating companies by co-ordinating their efforts, aiding fl them in financing improvements necessary to meet demands fl for service and placing at their disposal a stall of trained fl engineers and other experts in utility operation. Expert fl financial and engineering assistance which the small indi- ■ vidual company could not ordinarily afford to employ are fl thus made available at actual cost. As a result, operating fl companies are able to maintain a high standard of service to 1: the public not possible if they were isolated ami obliged to |K| operate on their own resources, and every usei o uti ity service has benefitted thereby. ||fl| ■! f This is the second of a series of advertisements discussing KI the economics of the public utility business and reviewing U I how the public is benefitted by holding company control. I Midland United Company ■ PRINCIPAL OPERATING SUBSIDIARIES: |l Northern Indiana Public Service Company... Gary Railways Company I I Interstate Public Service Company . . . Indiana Service Corporation I Chicago South Shore and South Bend Railroad . . . Indiana Rail.oad || Central Indiana Power Company’s operating subsidiaries.

not be actively opposed, Trionury officials refund, however, to say definitely what their attitude would be if c< ngresi proposed legislation »o suspend debt retiretin nt. For some yeaiv the treasury has be n paying off the public debt at a rate much in excess of the amount originally contemplated by congress. To suspend the debt retirement program for < ne or two years, therefore, would not Mriously Impair federal finances or the government's credit, the treasury said. Since the World war, the treasury has redue.d th ? public debt from $26,500,000.0(10 to about sl6000,000,000. Os this $10,000,000,000 reduction, only slightly more than $3,000,000,000 was required by law. The treasury, therefore, is now about $7,000,000,000 ahead of the debt retirement program required by law. o Get the Haoit—Trade at Home

DECATUR DAILY DEMOCRAT THURSDAY, NOVEMBER 20, 1930.

TELLS METHOD OF DRIVE ON RACKETEERS ll£°?t T,NVEn PttoM PAQE ONE) .used against gangsters is the Ini come tax law which carries heavy penalties for failure to report all i income. This is particularly effective since the defendant is required to prove his innocence, where'i as with other laws the burden of proof is on the prosecution. _o. ASKS HOOVER TO EXERCISE FLEXIBLE RULE ' (CONTINUED FROM PAGE ONE) . regulating acreage was presented i Io President Hoover today by ■ Rep. Lankford, Dem., Ga. Lank- | ford's proposal contemplates a guaranteed price for any commodity whenever a larger percentage of the urmers concerned sign an agreement consenting to limitation

of acreage by the farm board. This proposal will lie presented to the next session of congress as an amendment to the agricultural marketing ax't, under which the federal farm board is now operating. ■ <> Heavy Snow Reported Trinidad, Colo., Nov. 20. ((J.R) Thirty-two inches of snow on level ground, whipped Into 20-fooi drifts in places, paralyzed trans continental railway traffic through Trinidad today. Three eastbound Santa Fe trains with 36 Pullmans, all tilled were stall'd, unable to continue eastward. North and south traffic on the Colorado and Southern line also was at a standstill. Charge Vote Fraud Logansport, Ind., Nov. 20. — <l).R> —Four hundred precinct committeemen and members of election boards of Cass county may appear it a hearing before th board of •ounty commission, rs Monday, on charges of illegal voting made in ■ontests of Democrats for four county offices. Janies T. Baines, Republican •ounty chairman, gave Sheriff W. Zerbe the long list of names y sterday, asking him to notify the d -irti< n officials to attend the hearing. • Barnes said the Republicans would fighx the case “even if we bavri to subpoena all the 1S,0()0 vot■rs in the county." Police Radio Wins Indianapolis, Nov. 20—(U.R) —The ' Indianapolis police radio upset the I plans of John Aldrich, 42, father; if two children, and Mrs. Lena Robert', 35, mother of two, to make a romantic departure from the city last night. Mrs. Aldrich told police her husband had left her and the children and “was out with another woman | in his car and they were going to

Discard Your wasteful, out'of'date Furnace Coil! —IM— I? L*ErV' ’’ — sws i . pi.:./ » W; ■ J I : r ' ;:i . ; ■:’ '*%■:■ WE’LL CW ALLOW YOU JP in exchange for this modern self-action Gas Water Heater The water heating coil in your furnace is an extravagant makeshift —it squanders one-fifth of nHg every ton of fuel put into the iMSp "IBM furnace — just to heat the tank. j|Mr'' ■ * |:5’ S; And most of the time the water |. is scalding hot or not hot gSS;: 'fi.:.] ,*4 enough .. . why put up with I® r / ; / this unsatisfactory water sup- HE jggH ply when you can have real &X 9 i »s&| hot water service for a few pennies a day? Junk the old pipe; 1 OS we’ll remove it and allow you ; sM® $5 toward the purchase of a IJw . I 89 thrifty Self-Action Heater .. . Hol . , y Priced as low as $65 Phone or stop in today for full information. SMALL DOWN PAYMENT ... EASY TERMS Northern Indiana Public Service . Company CAN DO IT BETTER WITH GAS /Z

leave the city." A police squad heard the report broadcast just as the Aldrich car was passing, and the couple was nrrestixl. Mrs. Roberta told police she was going to catch a train for Wisconsin and John is taking me to I the station." Bandit Found Guilty Danville, Ind., Nov. 20—(UP) —' A verdict of Guilty was returned by | a Hendricks circuit court jury lasi night against Guriett Dlnkla. 22, Indianapolis, charged with bank ban-, dltry in connection with the $2,300 robbery at the North Salem State bank October 10. Sentence will be pronounced today. The minimum term is ten years and the maximum life. He was arrested a day after the robbery with William Rush and James Hughes, charged with tne same otefnse, who will be tried later. - ■■ ■ O— ■ ————— Injured Watching Scrimmage Quincy, Mass., —(UP) —The question whether it's more dangerous to i nlsy football, or to watch, it was, raised rt a recent scrub game her", suffered a broken leg when one of; the players collided witli him dur- | ing a scrimmage near the '•’delines NARRAGANSETT TURKEYS Fine, Juicy and Tender. Every Jocal customer last year reported “The best turkey 1 ever tasted." No tough, dry range “athletes." Raised on ntilkfmash feed in yards. Buy them at your own price at I R. J. Mann’s Sale, Tuesdav, November 25.

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