Indianapolis Times, Volume 33, Number 25, Indianapolis, Marion County, 9 June 1920 — Page 15
' COLLEGE AVENUE TO BE WIDENED Also Completed for Moving of Car Tracks. for the opening of Edison areRne from Pomeroy street to Eleventh street and for the widening of College avenue by cutting off the northeast corner of College avenue and Eleventh street, were ordered today by the board of public works. When the opening of Edison avenue bae been effected the board will order the Indianapolis Street Railway Company to remove its tracks from College avenue to Edison avenue, it was announced. PIU RELIEVE TBATTIC JAMS. Action of this nature has been contemplated by the board for some time in view of eliminating the present dangerous traffic conditions at the intersection of College and Massachusetts avenues and Noble street. The street <ytr company will be required to pave the eighteen-foot center of College avenue when the tracks are removed, thus making possible the complete resurfacing of the avenue at very little expense to property owners. were confirmed hy the for thQ, resurfacing of Virginia "(venue from Louisiana street to Shelby street, excepting the eighteen-foot center occupied by the car tracks, and for the paving of the first alley northeast f Virginia avenue, from Wood lawn avenue to Shelby street. Resolutions were confirmed by the board for the resurfacing of Virginia
We offer anew issue of MIDWEST ENGINE COMPANY (Incorporated under the laws of Delaware) 8 Per Cent. Tax Exempt Cumulative Preferred Stock f • Exempt from State and local taxes in Indiana, and also from Normal Federal Income Taxes. Shares SIOO.OO each. Maturity July 1, 1930 Dividends payable quarterly on the first day of January, April, July and October. First dividend payable October 1, 1920. Callable at any interest paying date on thirty days notice, at SIIO.OO a share and accrued dividends. Commencing December 31, 1923, a Sinking Fund of 10 Per Cent, of the Company’s Annual Net Profits Will Be Applied to the Redemption of This Stock. Indiana Trust Company, Indianapolis, Registrar and Trustee. Fletcher Savings & Trust Cos., Indianapolis, Transfer Agent. PRICE—SIOO PER SHARE With each two shares of Preferred Stock the purchaser receives one share of Common Stock as a bonus. I " COMPANY’S MANAGEMENT AND OWNERSHIP The Company is controlled and directed by a group of Indiana’s most successful manufacturers and business men. Stoughton A. Fletcher, President of the Fletcher American National Bank of Indianapolis, owns and will continue to own a majority of the Common Stock of the new Company. v * BOARD OF DIRECTORS The officers and Board of Directors of the Midwest Engine Company of Delaware will be as folA y lows: John G. Wood. - .....President F. L. Atwood - Vice-President and Director of Manufacture H. W. Griffith Secretary and Treasurer Fred S. Robinson., General Manager Lon R. Smith .. ~ - General Sales Manager James A. Allison. - Capitalist, formerly Vice-President Prest-O-Lite Cos. J. J. Cole President, Cole Motor Car Company Carl G. Fisher. Capitalist, formerly President Prest-O-Litc Cos. Stoughton A. Fletcher- - President, The Fletcher American National Bank Walter C. Marmon. - President, Nordyke & Marmon Company Charles B. Sommers President, The Gibson Company Lucius M. Wainwright President, Diamond Chain & Mfg. Cos. THE COMPANY’S PLANT AND EQUIPMENT The Midwest Engine Company’s main plant and general offices are at Indianapolis, where the Company owns sixty-five acres within the city limits, on which are located buildings with a total manufacturing floor space of 608,000 square feet. At Anderson the Company has five acres of ground and buildings with 98,000 square feet of floor space. THE COMPANY’S PRODUCTS The principal products manufactured at the Indianapolis plant are the “UTILITOR,” a small universal power plant; and a heavy-duty truck and tractor engine. At the Anderson plant, the Company manufactures centrifugal pumps and small turbines. The market for each of these products is unlimited and the demand has exceeded the Company’s manufacturing capacity. PURPOSE OF THE ISSUE The purpose of this issue is to provide additional working capital commensurate with the Company’s requirement to supply the demand for its unusual products, as well as to provide for ultimate retirement of all securities of the Midwest Engine Company of Indiana. SECURITY The Preferred Stock is preferred as to assets and dividends. The Company cannot create any bonded indebtedness without the consent of a majority of the outstanding preferred stock. BUSINESS AND EARNINGS In 1919 the Company’s gross business approximated $7,000,000, on which earnings of $1,400,000 were made before charges for depreciation, etc. This was exclusive of the “UTILITOR.” With the development of the Company’s production program, after this financing, the management estimates that gross business will feach a total of $15,000,000 for the year ending July 1, 1921, and $25,000,000 for the year ending July 1, 1922, with corresponding increases in earnings. Legality of this issue approved By Messrs, Myers, Gates & Ralston and Messrs. Smith, Remster, Hornbrook & Smith. We shall be pleased to send upon request, a descriptive circular in which is reprinted a copy of a letter from President John G. Wood, giving details of the Company’s business and of the issue. Orders may be telephoned or telegraphed at our expense. FLETCHER AMERICAN COMPANY BREED ELLIOTT & HARRISON FLETCHER SAVINGS & TRUST COMPANY HAUEISEN & JEWETT BECKER & OVERMAN CITY TRUST COMPANY THOMSON & McKINNON THOS. D. SHEEREST & COMPANY NEWTON TODD INDIANAPOLIS All ittemnti herein ere based upon Information which we regard as reliable end, while not guaranteed by ns, constitute / the facts upon which we ourselves have acted. ' v- {”! .i v .. . ■■
avenue from Louisiana street to Shelby street, excepting the eighteen-foot center occupied by the car tracks, and for the paving of the first alley northeast of Virginia avenue from Woodlawn avenue to Shelby street. BOARD ORDERS WATER EXTENSIONS. The Indianapolis Water Company was ordered to extend the water main on Pall Creek parkway, north drive, from the end of the main to Thirty-second street. Three bids were received for the laying of a sewer in Blaine avenue, from Ray street to a point thirty feet north of Wilkins street. J. H. King & Cos. bid $4.98 per lineal foot, the Columbia Construction Company, $4.50, and George W. McCray, $4.77. Tells Friends to Read About It, Takes Life FT. WAYNE, Ind., June 9.—“You'll read It tonight in the paper,” said George B. Spry. 41, when he left the City Carriage works here where he was employed as a trimmer. A short time later he killed himself by swallowing poison. Spry's wife, when apprised of his having committed suicide, said he had been under the influence of drink since Saturday and that he left home lie told her he was going tp commit suicide. Thinking he was only Jesting she told him to “go ahead.” Spry had been employed at the City Carriage works for the past year.
Luncheon and Bridge for Women Visitors The women’s courtesy committee of the Indianapolis Advertising club entertained with a luncheon and bridge in. honor of the feminine delegates and visitors to the convention of the Associated Advertising Clubs of the World this afternoon. Mrs. Fred Ayres was in charge of the luncheon arrangements, assisted by Mrs. Edward L. McKee, Mrs. William Stafford, Mrs. Henry Talbott, Mrs. Charles Millard and Mrs. William Rockwood. Mrs. Barrett Moxley headed the “bridge” committee which consisted of Mrs. Harry Fitton, Mrs. Kiefer Mayer, Miss Julia Brink, Mrs. E. I. Lewis and Mrs. Charles Schaf. A special feature of the entertainment will be the banquet to be given by the business and professional women tonight, on the roof garden of the Severin hotel for the visiting delegation at 0 o'clock. Forba McDaniels is general chairman on arrangements, with Sara Major Avery in charge of plate reservations. Tonight social seats have been reserved for the feminine guests at the Canoe and Athletic clubs for the water carnival to be held at Riverside park. Accused of Running ‘Tiger* in His Home Oprea' Rarbue, 36, of 530 West Maryland street, today is charged with operating a blind tiger. The police allege they found five gallons of raisin mash and a small amount of whisky In bis home.
INDIANA DAILY TIMES, WEDNESDAY, JUNE 9, 1920.
Advertiser, Yes; . Also Bear Hunter JOSEPH POTBDAMER. While advertising is his vocation, bear hunting is the greatest event in the life of Joseph Potsdamer, Philadelphia, of the firm of Ketterllnus Lltho Manufacturing Company. Mr. Potsdamer is a member of the national commission of the A. A. C. of W. and has been a wheelhorse of tbe association work for years.
THE BLUEBIRD ELECTRIC WASHER banishes wash day drudgery. —Fifth Floor.
If WTL BLOCK C? Indiana's Largest Asstrtment #/ HART SCHAFFNER & MARX Cltthes ftr Men
Our Annual June Sale of LINENS Savings of 15% or more on everything in stock. —First Floor, Northwest.
FROM OUR MODEL GROCERY
E V A P O RATED MILK, Bofden’s, large one-pound can .... 114
G. WASH INGTON COFFEE, Instant soluble (large family size rgn, $1.29), small can , 394 APPLES, King’s dehydrated. for apple sauce and pies, one pound equals 10 pounds of fresh apples. Pound Ks< BUTTERINE, Cream of Nut, colored ready for the table, looks and tastes like butter, pound 424
Continuing Our Sale of Hundreds of SILK DRESSES for Women and Misses . Sale Price *14.98 -JJriliiil Through a favorable trade circumstance we received these dresses at far below their actual , / ' ‘ 'rSJySfeiiiShh worth—silk dresses of this nature usually retail f° r $25 or S3O. They are so fine and $14.98 •; fM * jV is such a little price for them that our only regret l V l ;/ j * s we were unable to obtain more. y J The dresses have been selling with a remarkable \\ yV# IPWBm speed, but the assortment is still large and varied r\ \ enough to insure a goodly selection. , \\ A f \ If || (j DRESSES OF U \ J f? FOULARD TAFFETA H\\ l\ mmp r BRAIDED GEORGETTE CREPE DE CHINES \\ VV fTf TRICOLETTES MESSALINE \V\ J / \i PLAIN GEORGETTE SATIN j k // | TAFFETA AND ORGANDIE COMBINATIONS h , V m TAFFETA AND GEORGETTE COMBINATIONS Dresses like V 4A WOOL EMBROIDERED GEORGETTE TRICOLETTE AND CREPE DE CHINE COMBINATIONS COLORS ARE NAVY BLACK SAND COPEN ROSE SILVER COPPER PEACOCK SEAL BROWN STREET DRESSES AFTERNOON DRESSES SPORT DRESSES Sale price $14.98 Hair Hats and Hals of Navy Taffeta - *4.98 Fashion has given these two particular prominence among her many millinery modes for summer, and women will be delighted at the splendid showing here at $4.98. Roll Sailors Side Droops Off-the-Face Hats |)< VW Flowers and ribbons form the trimmings on the majority of them —the diversity of stvles is unusually large. Special for Thursday - $4.98
Domestics and Bedding
/AST COLOR APRON GINGHAM, all size blue check; extra DA C* #spedal, yard BLEACHED SHEETING, 2Vi yards wide, strong, even thread, OQp special, yard 0%/L UNBLEACHED SHEETING, double bed width, easy to bleach, special, yard / BED PILLOWS, genuine feather pillows, covered with choice pattern art tickings—--17x24-inch size 984 17%x25-inch size.(l.lß 19x27-inch 5ize..(1.60
COFFEE, old crop, fresh roasted Bourbon Santos, 1b.41 £
SMOKED S H O U LDERS, lean sweet cured, 4 to 6 pounds each, pound 274
RAISINS, fine large, meaty California Sun Maid, seeded, package WESSON OIL, pure refined, for making salads and mayonnaise dressing (quart can, 78c), pint 394 PEANUT BUTTER, Sun lit, made from fresh roasted Virginia peanuts, pound 274
jpfclf' TUI BASE/fIENT STORE
BLANKETS, medium weight, gray or tan, with washable color C\ AQ border, pair BLEACHED PILLOW CASES, size 42x36 inches, round fine thread, wear nice£ch p ! c !‘ 1 ;. 49c BLEACHED SHEETS, size 81x90; "Seamless,” heavy, fine thread, recommended for home or hotel CO OQ use %7 COTTON BATTING, good quality, pure white, pOp full comfort size.... O/L
Our Annual June Sale of SILKS Savings of 20% to 40% on every yard in stock. —First Floor, Northwest.
NAVY BEANS, choice white hand picked Michlgans.3 pounds 294
RICE, fancy large head Louisiana; Blue Rose (3 pounds, 50c), pound 174 SALT, double refined, table salt, pound bags 4 for 194 SALAD DRESSING, Ludwig’s, being demonstrated and served, large 11-ounce bottle 394 SOAP CHIPB, PeePs Crystal White, for use In washing machines, large package 314 —Fifth Floor.
Guaranteed Hose for Men 6 pairs inasl Q EE? box for . JLtOO i Six pairs are guaranteed by the manufacturer to wear 6 months. What more economical hose are there than guaranteed—a 6 months’ hose supply for $1.35. Made of the best tested yarns, heels and toes of double twisted yams; black, tan, gray and navy, sizes 10 to 12 6 pairs In a box for (1.35
MEN’S SHIRTS of fine percales and madras, soft turn back cuffß attached, neat and fancy 4 /Apr patterns. Sizes 14 to 17. Special t|> JL
Curtains and Draperies
DOUBLE WIDTH OVERDRAPE RY REPP, 50 inches wide, heavy weight; can be split for window draperies; mercerized, fast colors, rose, blue, green, mulberry and brown; $2.75 quality, yd.(2.25 LACE EDGE MARQUISETTE CURTAINS, 2% yards long, sheer mercerized marquisette that launders without being stretched. White or biege color Up to $4.50 quality, pair .... (3.69 FILINET FOR CURTAINS, 50 Inches wide, a materia] that resembles net but launders without being stretched. White and beige, yard 654
THE HOOVER SWEEPER beats as it sweeps as it cleans. —Fifth Floor.
DOUBLE FACED TERRY CLOTH, yard wide. For window draperies or portieres. Heavy grade with a reversible plush face. Stripe and floral patterns, in rich color combinations; blue, rose and black, or mulberry tan and black; $1.85 quality, yard .(1.12J4 SECTIONAL PANEL LACE, 2% yards long, a sheer net curtaining that can be furnished for any width windows. Woven In 9-lnch attached strips. Lacy patterns. White. Up to 75c quality, special, strip ~594 —Third floor.
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