Indianapolis News, Indianapolis, Marion County, 24 December 1920 — Page 4

the Indianapolis news, fbiday, December 24,1920.

PROMISES INilY FOII UNSEED OIL BUSINESS

•BUIUOING TRUST’ INVESTIGATING COMMITTEE TO ACT.

ROBI

FOSTER INDICTED

REMODELED TRAFALGAR CHURCH. FOUNDED 1848, TO BE DEDICATED

NK YV YORK, December 24 —Aji the enalt of testimony yesterday before Joint lenielative commltte* J»veetiKatlng tb« "build I ns trust" fn connection with the committee* Inquiry into the American white lead * It nation that next to white lead the principal component of all paint wae liaaeed oil, Samuel Untemnyer, committee counsel, intimated he Would «‘u»earth eoiloelon" amona the manufacturere of that product when the j invcetlsators resumed their sessfejns

next Tuesday.

In the 'course of the examination Tuttle, secretary of the

Lead Manner said the

a/<>ordi»* price data aa a'"rook su nested

| ould be the

pipe whit# lead cinch."

_ Pesats Committee laeulrr- . With the cominr of the new year, warfare aaalnet aliened combiontioha in the "bulldlna trust," which 'the JbJnt lepieiative committee has b c/Anduetlu* for more than two /oouths, will be augmented by the f. -United States senate committee on reconstruction and production to come here from Washington to conduct Investigation into building | * "combines along national linss."" I Members of, the executive committee

the belief that the two

would sit Jointly next month i ntermyer, who is expected to pet a# Joint counsel for the commit tee, expressed satisfaction tha

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$' I * 4

KOFEMIINN Fi ARMED AHACK AGAINST REDS

GERMAN OFFICERS SAYS ONLY FORCE CAN QUELL THEM.

OPPOSES BRITISH COURSE

■

. I JO—i

BERLIN. December *4—General Wilhelm Hoffmann, former chief of staff of the German east army, in aa toterriew published in Beriia, says that Bolshevism has become a problem that caa only be solved by armed intervention by the great powers of the world acting In concert. An in-

eHmj-s-rtPxbd otv/c*iGM {Special |o The Indiaaepehs BewsJ FRANK UK, Ind. December 14-—.

The Christian church of Trafalgar, eight miles southwest of Franklin, which has been remodeled at a cost of $2M0*. will be dedicated Sunday. The dedication services will be In the charge of the pastor, the Rev. Homer , Bsheltnan. The Rev, A. L. Ward and C. H. H*H, of Fran kiln, and the Rev. X W, Weekly, of Trafalgar, will as-

sist with ths program.

Idln •

The but HI veneer with s

g is constructed of brick itone trimmings, and has rooms, including kitchen and

fifteen dining

■ psrsonsV ■ Mrooms and a base

entire building, nie buildl

Icing room, the latter aceommodat tiUf Jd# person* | Nhi

classrooms and a

ftr-T t M, , m-^wtigator for the National gteel Krectors r Ast H04 iattotx waa arrested last night < Indictments returned by the e Jury oonsiderli

plead..

Xstare of the Vsdletmesta

one indictment charges that De« 1 ember If, when a wltnsss before the Lockwood committee, Foster willfully •fueed to testify, sad the other ntuirges that on the same date ha refused to produce books, papers and

his possession. In one

Indictments It is alleged the

ami

<iun Ntaei for building purposes throughout the United Htate*. ■ hf ■■ am ill

jocuments lit

the Indlcti

It has separate

ment under the

posed of B U> K l ¥aDo° , 7

Bridges, H. H.dor-

sad ffsrry Garshwilsr.. Roy

■sum ths coa-

. church was Irst services

Tvnc Ta.TLV'. MOKATLCl

who was the drst ^r 0 ^ ^ Wb » the flnrt

T he Rev, J0r. Eshelman. the present

1 mT . w ^5Li r *S5' F*»tor, came tp_ Ole church three

In^Mad/^n^nd I to Russia from

door an

sd on Indian creek, a mile from the village of Trafalgar. This was replaced by a frame structure a few years later, whi ^ :

T» B i ! evA 0 -£ uild,n *i training in Hiram College and In U70 a m ® r ; u f j® m ^ l ^ 8 w h j ^ u ^ 3| ^ Cqjlcg^pf the Bible at Lexfngton.

until the present building was remod-

* *ew years as a teacher in the schools of purpose With ch stood a short dis- that county. He received his minis-1 and hieVrilnna the present bulldin*. terlsl traini** an ° hlsTriends

temallonal army, under the leadership of Pershing. Joffre or Foch should ocicupy Petro-grad. General Hoffman say*, then march on Moscow, which he asserts is bound to fall befor# any well-equipped and properly officered

force.

WJth- the occupation of Moscow. Trotsky and Lenine would be unhorsed, snd the members of the whole regime. General Hoffmann predicted, would ask "safe conduct to pass the shortest way to oblivion." He feels certain that the Russian workmen would be glad to d< sert thier present leaders at the first Indication that their overthrow was Imminent

•Moscow must be spoken to in the language of Brest-Litovsk. not in the language of Lloyd George in London" the general continues. "To remodel Bolshevism is impossible. Any entente attempt to Incorporate Bolshevism in the European concert would be wrong. Any trade relatione with Russia would only furnish a cloak for Red propaganda, for Bolshevik alms will ever be a world revolution. . Tvoukv has studied the history of the French revolution, and knows the use of the scourge. Under his Pystem -no man can rise to power from the army; the appearance of a new Napo--leon in Russia is out of the question. "ni# crash of the soviet regime would. Inevitably be followed by a reign of unparalleled anarchy. The jonly thing that remains is armed in1 - y i h * ff™** Powers. As Chief of staff of the eastern army during the war I directed the propaganda against the Russian army. The generai staff naturally made use of every possible means to break through the Russiap front. One of these means w ‘ i £J ,< ” 8<>n **«; another was Lenine"Th* imperial regime dispatched

snent *»v< rai I j— tn *® e *<> Hussia from the Swiss spent several | frontier In a sealed car for a definite

our consent, Lenine

sian army. Von Kuehlman (former German secretary for foreign affairs), Count Csernin (Austro-Hungarian foreign minister), and J then closed the Brest-Litorak treaty so that we]

could throw oar army against the west front- While in Brest we were convinced that the Bolshevik! could not hold power more than three

weeks.

Weighed Too Lightly. "On my word of honor as a German general. In spite of the valuable service Trotsky and Lenine sendered, we neither knew or foresaw the danger to humanity from the consequences of this journey of Bolshevists to Russia. At that time we •weighed the matter with as little consideration as the entente does now. "Would the allies, and especially Lloyd George, carry on negotiations and make concessions if they fuiiy reckoaed the frightful danger which Bolshevism represents?" General von Hoffmann says the army command later realised the danger, and a plan was laid before the supreme command of the eastern army for the overthrow of Bolshevism. but events developed so rapidly, following the assassination of Count von Mirbach. the German ambassador to Russia, in Moscow, and the situation on the west front had become so critical that it was impossible to force the issue.

Weather for NerMWeek

WASHINGTON, December 14.— Weather predictions for ths week

beginning Monday, are:

North and middle Atlantic states: Considerable cloudiness. occasional rains and snows, with normal temperature until latter part of week when weather will turn much colder. South Atlantic add east gulf states: Considerable cloudiness mid occasional rains, with normal temperature first half and much colder latter half of week, § West gulf states: Considerable cloudiness and occasional rains with normal tsmpermture first half of week and much colder latter half. Ohio valley and Tennessee, region of ‘the Great Lakes: Unsettled and occasional rains and snows with moderate tern perm tude first half and much colder second half of week, the Jlld weather continuing into the suc-

ceeding week i

Upper Mississippi and lower Missouri valleys, northern Rocky mountain and plateau regions: Cold and generally fair, but snows are probable first half of week. Cold weather will continue into the succeeding Southern Rocky mountain and plateau regions: Normal temperature with considerable cloudiness and oc-

casional rains and snows.

Pacific states: Normal tempera-

NO JURY IN MURDER CASE. Seeoad Venire Drawn In Trial of Michigan City Man. (Spsdal to The Indianapolis News! VALPARAISO. Ind, December 24.— After four days of examination on the part of attorneys, no jury has yst been obtained in circuit court Jhere in the case of ^Iward Schlene. of Michigan City, charged with second degree murder in the killing of John McFarland, of Chicago, near Porter, last September. A second venire of twenty-five men, making fifty in all, beside* the regular panel, has been if v: Court adjourned yesterday afternoon until December 27 o» account of Ckriatssaa Many men have been excused on account of having formed an opinion as to the guilt or innocence of the defendant. SHOP PROPRIETOR HELD UP

Xegrets Rob Xaa of 91— la Store at Awderaoa. {Special to The Indiaospohs News) ANDERSON. Ind , December *4,— Joseph F. Fadley. proprietor of a delicatessen shop here, was held up by two negroes and robbed of approximately tl«e while alone In his

place of business Thursday night. Whoa the negroes watered, Fadley thought they were customers until

they commanded him to torn his face

to ths wall and keep atilt

Mr. Fadley picked up a butcher knife, but dropped ft when a revolver was pressed against his chest. The robbers took $74.75 from a safe and ICO from Mr. Fad ley’s pockets and

Clear Baby’s Skin With Cuticura Soap and Talcum

then demanded that he open a cash register, but he told them a clerk.

ed seriously Luther James McKnigrt,

negro, who, the one of two ne-

*Troes.Y».ho hem up and Jobbed Hyman Kate of $200 while he was alone . in his drug store. Twenty shots

Vegra Is Shot at Gary. were fired in a running revolver [Special to -The Indiaoapoli. New.] ^^McKniSh?. ^r^ner^wh? GARY. Ind., December 24.—Gary} escaped, had the money obtained In

policemen last night shot and wound- the robbery.

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PAINTS and VARNISHES Call 4Js Before Buying—W* Sell at Wholesale Prices LONG-HUNT PAINTING AND DECORATING CO. IS W. Ohio St. Indianapolis.

j b , i

■

disorganised the Rus-- ture. unsettled and rains.

worship

until ths present building wu re mod- .of 175, and all departments' areTiTa eled. For a number Of years the Nourishing condition. It is expected E

oV. J%d' h jrS«SSLLT.' M ^T? , S is

i- k Hensley that a number of former ministers D«kJ.rth C «7ThJS!;S "on ChUrCh W “ l ltt *” d ' h ” ' , * dlc *-

WOOLLEN GETS PUCE

ON POLICy COMMISSION SUPPLY HOLIDAY CHER

...l. ‘ * - *

Relic* of the Pagan* in Christmas Symbols

-r

NAMED A8 MEMBER OF

ECONOMIC BODY.

NEW

MONEY ISSUES INVOLVED

WAJHtWOTON,

Nymbela of American Christmas ob«ervases, the Christmas tree, randies itnd Mistletoe, nr# reltea of nature, worshiping dsye adapted to the usee «.r Uturtettanity, says a ballet la taaasd by the National Cieagrapbfte Society, i irMclag tbe origin of then# YaletMe

They havo to do with the henry of the rehlrth of the bulletin days, the free r

itig down from Aryan ancestors, the] eniiillW-Tram Teutonic ana worn ore snd tho mistletoe from the

Drugfc^ 1 .. , ,

H The Christmas spirit of giving **- -ifmpllfted by Manta (‘inns, goes back to Homan days, the hutlrftn eo*||nuce, adding that while “there ta 4bor# sentiment and less of the ee~ Viestnstirid in the United States la nhservaaef of Christmas than la K.uropenn lands," the mince pie, traditionally a* necessity on every Amerl«tan t hflstinns dinner table, hua • ro-

lls l»us origin.

“The choice tldblta therein." the iuliettn ears, “were symholleel #f i te rich gifts hreught hy ths wfae' ten to the Christ Child and the arein to that of the frankincense which ley algo proffered."

John 8. Crum, of California, -preaideni of the American Bankers' Association. has announced the personnel of the economic policy commituiion of Evans Woollen, and

the organisation-

M. Warburg, New York, formerly a member of the federal reserve board, is chairman. Other members of the commieeion. which is to "give consideration to all questions involving money and curreneir, public finance and the he©nomfc policy of the government. In«A d ,:„ r ;LaL*^°"w‘Ff sis: Youngstown. (X; Geerg* fi. Roberts. New York; A L. Aiken, Boston; R. S. Hoeht, N«-w Orleans; M. A. Traylor, Chicago; John W. Staley, Detroit, and Waldo Newcomer. Baltimore, Md. The bylaws of the American Bankera* Association provide that the economic policy commission of the association may consider broad economic or financial questions on its own Initiative or may take up suoh matters as may be brought before It by officers of the .association or others. Findings of the commiaaion on etich question! of pubUq Import are laid btfpre the Bankers’ Association for bctlpfi, f NEGROES THE LYNCHERS?

PALMER SUIT DISMISSED.

I’rofeeNoy Reinstated as

Then Mho Resigns.

(Special te Tbe Indianapolis News]

FRANKLIN. Jnd„ December 24.uil for 9$M00 damages, which was lad by Alias Harriott C. Palmar, foreriy head of the history department { Franklin College, againat Dr.

■ Good ell. president of the id the board of trustees,

yesterday in the Shelby

at Shelbyville, where U »n on a change of venua her’ distnissal from the e summer of im, Miss Lhe suit, alleging wrongice with Jier contract rethe college, on the Part lell. and professional elan-

r. The case was Set for trial Jan-

uary It,

-w At a meeting of the board of truetees Tuesday, Miss Palmer waa relnMttted as a member of the faculty, and then she submitted her resignation, which was accepted. The board agreed to pay Miss Palmer $1,000 on what her salary would have been dor the eollegb year of m$-mo and she agreed to pay the court costs in the case. The minutes of the meeting of the board contain the following

record:

• Upqn recommendation of the com. m It tee on teaehera and instruction, reported by Mr. Stevenson, it waa mo>ipd that the former action of the board in dismissing Miss Palmer be reconsidered and that she be refnatatid to her position as a member of the faculty of Franklin College an a processor of history and political science, ♦lotion carried. \ , Thw resignation of Miss Harriett •Palmer aa a professor of history and political science to take effect immediately was read by Mr. Burton. On motion said resignation waa accepted

by the board.”

FILES C. & E. I. PETITION. Arw Company Wishes to Take Over Koad Now la Revolver's Hands. WASHINGTON. December 24.—The Chicago * Eastern Illinois Railway Company, a new Illinois corporation, hpplied today to the interstate com raerco commission for authority to take over the Chicago & Eastern HUnoil Railroad Company, now in the bands of a receiver, reorganise it and .ssue stocks and bonds to the amount

Mississippi Sheriff Pays They Fnt Uotored Preacher to Death. JAC1WON. Mias., December 24.— Coleman Brown, negro preacher, lynched at Purvis yesterday, met death at the hands of members of his own race, according to Sheriff Williams, who made an investigation. Brown waa suspected of having had a hand in the murder of Della Green, age fourteen, a negro girl, who waa hanged from a tree with a clothes ffHiM

SALVATION ARMY WILL

BASKETS OF FOOD READY FOR DISTRIBUTION.

DOLLS AND TOYS DESIRED

Approximately 450 baaketa of food were to be distributed to deserving families of Indianapolis by the Salvation Army late today, according to Brigadier George F. Caaler* divisional commander for Indiana. The distribution was scheduled to take place at the army headquArters, 24 South Capitol avenue. Each basket will contain sufficient food for a hearty Christmas dinner. To Avoid Dwplleattoii. The baaketa are to be diatrilf&tld only to those tbe organisation investigators have found worthy. The names have been checked through the Christmas clearing house, to present duplication: Baskets will be delivered to those who are* unable to come to the headquarters. A Christmas tree, entertainment will be given for 3,000-fnothers and children at Tomlinson hall, Tuesday evening. Brigadier Casler beilfivea thla will be ■ the biggest task ever undertaken by the Salvation Arm

StarStw^ , - ‘ ( -i' . •' ’. * . -■ ■ * * A Merry Christmas to You and Yours

scheduled to attend,

ing.

■■■ JR-HWfayor Charles Jewett will preside at the meet-

Dolls and Toys Desired.

Certain Indianapolis clubs, labor unions and private- citizens have made donations to Hhe Christmas fulfil of the Salvation Army. Three Indianapolis theaters have given special performances to children, at which the admtaaioo charged was the contribution of an orange, a potato or some other article to the Christmas supplies of the Salvation Army. Brigadier Casler has asked that 1,000

citlsens contribute aM' I

ach, to th

dolf or a toy,

t* W «si-

tributed to children Santa Claus for

gets. <SgMT" k H

quarter offered

to the organisation t

di xy

quarters ar will

be sent to be called

. e head or when

A CHRISTMAS MESSAGE • ■r- * Wwg- * rn-| a n ■ spgr - -r P. V- Galbraith, Jr., S«mia Word of Cheer to 20,000 Sick and Disabled Veterans of tlje World War.

riHBaBBBaaaHHiaaBaH

Indiana's Leading “Blind Men

Wish you all a Merry Xmas . R. W. DURHAM CO., Successor, to

Durham & Darnell Shad% Co.

136 North Alabama Street

uR'iinnM

mimi

imimuimiiMiHiminiumttitmtMMWiiNi

Open Tonight Till 9 o ’Clock

^ ■ *

nr HE STAR STORE will remain open tonight I

-■••till 9 o’clock.

—— — T’ 7—“ , v - • ! ,, r: > . v - ■ . > f Gas Rate Questio

New Capital anti Revenue

■V:': j'y ■ A*

A Christmas message has been sent by F. W. Galbraith. Jr., national commander of the American Legion, to 20.000 sick and disabled veterans of the world war In 1,400 hospitals. It will be read or posted on the bulletin board in every hospital. The American Legion is making a special effort to provide Christmas cheer and entertainment te disabled comrades. The message follows: “It is with emotions more deeply felt than it ta possible for me to express that 1 greet you this Christmas day—you men to whom this nation owes a debt It can never repay;

shall ever !*>

flret proud privilege and dutjAof American Legion to espouse— who are still In hospital be causa of wounds apd infirmities suffered in

of approximately »i0,000,000.

The company

. NR, N ■ , ,. spa;

general; mertgage bonds _ $32,156,500 to mature in

proposes to issue

amounting to

hearing interest at 5

1951

per cent.

and and

preferred stock amounting to $24.-

■ 9,150

cent,

sue

bearing interest at fi per so asks permission to is«0D of prior lien bonds at

such interest rates as may be de termlned from time to time, these to he used to refund obligations held by the government and for buying new equipment and making additions

and betterments.

The foreclosure sale of the Chicago St Eastern Illinois railroad has been set

11, pending the approval state commerce comm isbankrupt road has a capOf $115,fiO6,0OO, while the

for Jan of the '

you whose fortunes

the first

the

you who are still In hospital

apd infirmit

your country's Nervine.

“More than two years have passed since the echo of the last shot died away. To those of us who by good look oarfie through and whose sacrifices should not be mentioned in th® same kroatn with yours, they have been busy years. They have gone swiftly by while we have been re-establishing ourselves in the callings of peaoe. insuring futures to ourselves and our families. So much has Intervened that the war seems

very far away at times.

StOl Very N*aur,|

"I know some of you men feel that many of us seem to have forgotten there ever was a war. These same two years have not passed so swiftly for you who remain in hospital. Twenty thousand of you still are there—silver tubes in your sides, lungs burned out by gas, perhaps one leg here, one In the Argonne. The wsr is still very near and very real to you who are the living and virtually forgotten examples of the terrible price that was paid for the victory. We enjoy the fruits of that victory. You. who did most to gain it. only pay the price, it seems. “Shortly after I was elected national commander of the American Legion I was shocked at the reports that earn# to me concerning conditions which surround our comrades in hospital. I do not refer now to the conditions in the hospitals themselves or the nature of the professional care and treatment which as patients you receive. There have been reports of grave shortcomings in these particulars. but a» a whole th# situation bss

that improvement and will continue to have. What I speak of here is a charge which I make against myself as well as against the rest of the r aI P«bllc here on the outside. The charge is that of neglect. True, the nation has given liberally* to see that you are properly housed, dieted and cared “ ‘ 5 " Millions nod for

have

wild: •WeU,* that Job’s done—these, hoys can't have too much.’

Jab Nat Dane.

“But the Job hasn’t been done. You men know. Where are the visitors who once thronged the hospitals bearing (lowers, gifts and entertainment? Where are the folks with their automobiles who used to vie with each other for the honor of taking their wounded heroes out for a spin? W here arc thv thousand and one little human attentions from the world out • side that mean so much more than medicine and with which the public showered our disabled in war days? Those are the questions you might ask but don’t because you are men— fighting men, fighting now the hard-

est battle of all.

“And what Is our answer?

“Tne men and women who are honored to have been your comrades-in-arms are declaring a new deal, ©ur local posts in the vicinity of every hospital have their programs under way. You will hear from them. If you don’t, write our national headquarters. We are all going to get together again. Life is going to be made more livable while you are in hospital and when you get out, there will await you at the hands of a grateful people, opportunities whereby you may train for and take up suitable and congenial occupations in which to start life anew, with an even chance, America needs you.

No monopoly on Loyalty .

‘The American Legion has no monopoly on royalty in this country or on feelings of gratitude to ypu who have given so much. There are one hundred million others who feel as we do in the Legion. We shall have their

TOYS and DOLLS AFTER 6 O’CLOCK

A LL remaining toys and dolls beginning at 6 o’clock, will be sold at just ONEHAI*F the'regular prices. Every toj^and doll included, nothing reserved. When the clock strikes /> this evening, HALF PRICE,

PRICE

less

company plans a capital- improved. The Legion, I am proud ■ (eut $31,000,000, ligy, his had a good deal to do with

NOVELTIES AFTER S P. 11.

In some comments which have been made on the # company'a petition for an emergency increase in the gas rate •including those of‘Mayor Jewett, it seems to have been assumed that the company is seeking enough additional revenue to pay for . the im-

provement* contemplated*

i This is not'the case. Additional assured revenue is required as a BASIS FOR FINANCING, but it is not the expectation of the company that any additional revenue from gas could directly meet its financial requirements. Let us explain the financial

situation fully; , ■

V -i 11 — .,1. ....I— X. The new capital required for the next three years amounts to about $2,750,000 0 for improvements designed to increase product capacity and efficiency, about $500,000 for extensions of the distribution system and miscellaneous betterments, and $1,350,000 for retirement of outstanding 7% bonds—* total

of $t least $4,500,000, . .

2. Whether new capital is obtained from new stock issues or from new bond

issues, the investors will demand the following:

. (*) ^Evidence that revenues will be sufficient to cover all operat^ig and maintenance costs, taxes, and at least twice the fixed charges on f existing bond

- issues.

As we showed in our statement last Wednesday, the earnings of the company for the years 1919 and 1920 (deducting special payments by the government) do not give such assurances as investors can find ii^ the statements of other corporations now competing for capital. * (bL Evidence that dividends and interest on the new securities can be met with the same margin of safety as that just indicated for existing aecurities. The new capital would involve additional disbursements at the rate of about 9%, or a total new annual requirement of over f400,000, leas the saving from the retirement of the existing 1% bonds. i In other words, the investor now demands that the earnings of the company be stabilized to assure payment of existing capital charges and that assurance be furnished that the new capital charges will be met, and that there shall be a good margin of safety above all of these capital charges.

The proposed improvements give no assurance of

deed the" proposal to increase greatly the capacity of the plants to produce water gas indicates clearly that a decrease in net earnings is contemplated, since water gas costs much more than the present gas rate. Unless some new source of revenue can be clearly assured, investors will not now risk their savings with this company, and the new prospective revenue to cover new

fixed charges must be at least 3750,000 per year.

A SPECIAL Bargain novelties will be PRICE after 6 p. m.

Table of Xmas sold at HALF Included are—

PRICE

—Manicure Seta —Coa position White —Toilet Sets —Shaving Stands —Cat Glass —Smoking Outfits —Ete„ etc. -

Main Floor,

StorSto^

SMITH BROTHERS

I know. We’ve all been

negligent and we re sorry. Were all buddies still—and intend to prove It. The American Legion is yours. If in any way it can serve you. comman

“We fought together then—we’ll

stick together now.

“With all best wishes of the season xnc profound admiruion. I aalu*e

OUGH DROPS

Put one in your mouth at bedtime

While it is never expected that all betterments of a large public utility can be met out of net earnings,* both investors and corporation managers have long recognized that some portion^must be so met. , * . At the present time it is more necessary than it was in pre-war day* to provide for a portion of new capital requirements out of cuirent earnings, for the greater part of the new capital that is now put into industry must be represented by short-term notes. Long-term bonds were formerly sold with very moderate sinking fund provisions because it was assumed ^hafc* refunding could be accomplished wdien the bonds matured. Today bonds can not run for more than five or ten years and investors insist on annual sinking fund payments that will either retire the whole issue at maturity or leave such a small portion that refunding would seem # easy. Aside from the demands of investors that an adequate sinking fuhd be provided (thus requiring net earnings much more than sufficient to meet interest charges), prudence requires such a policy on the part of the corporation. The directors of this company would never commit economic suicide by putting out a large issue of short-term bonds without provision for a reasonable sinking fund. While this company would not ask, nor should the Public Service Commission grant, a rate which would yield an assured regular revenue greatly in excess of its current needs, the public should remember that any excess revenue obtained temporarily must, under the plan of organization of thi* company, be used— (a) For extensions and betterments—for improvement of service. (b) For extinguiahing the capital stock—as an investment for the city of Indianapolis. In other words, it can not go to the stockholders in payment of larger dividends, but must be used for public purposes. v ■ • ■ ' ' " f V : CITIZENS GAS COMPANY

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v t-

$ ■j