Indianapolis Times, Volume 33, Number 200, Indianapolis, Marion County, 30 December 1920 — Page 5

PUT OFF SCHOOL THRIFT SAVING Commissioners Advised by Bankers Plan Not Practical. TTrvrflllngneßS on the part of local hankers to plung® Into a system of edu* n tional thrift saving Involving the expenditure of almost $23,000 without careml Investigation prompted the board of school commissioners, at a special seo sion late yesterday, to postpone Indefinitely the plan of saving submitted recently by the Educational Thrift Service, Inc., of New York. A committee composed of Commissioners Bert S. Gadd . ■jnd Julia B. Tutewller and President Clarence Crlppln was designated to wait upon the bankers’ committee. Into whose hands the selection of a plan of educa tional saving practically has been placed. Seventeen Indianapolis banks were represented at the meeting. In response to Invitations sent by the board following Us meeting Tuesday night. Represents live# of the Educational Thrift Sarvi-'e, Inc., were In attendance. WOLCOTT SAYS PLAN BENEFIT TO CHILDREN. Following an Introductory talk by Superintendent E. C. Graff. In which he explained the purpose of the meeting end emphasized the educational value of the saving habit, E. H. Wolcott, president of the State Savings and Trust and chairman of the bankers' committee to whom the proposition was originally referred by the board, spoke for the banking interests. He placed his argument on a commercial basis. "There Is no divergence of opinion among the bankers as to the benefit o the plan to school chldren,” Mr. Wolcott said. “My remarks are confined to the practical side of the venture. We are completely In sympathy with the movement, but we have not yet been satisfied that the submitted system, at a cost of $23,000, is the best method. "Inasmuch as the proposition Is that of thrift, we bankers must adopt the thrift suggestion and examine the plan carefully before adopting it. The cost of supplies and expense of installation are based on prices of yesterday and financial conditions are daily changing." continued Mr. Wolcott. "Inquiries to bankers of other cities In which the plan Is Id operation Indicates the system Is not a proven success," Mr. Wolcott declared. "The idea Is to help children become thrifty citizen*, but at the same time tt is advisable to Investigate, especially In view of the present financial reaction. Because the plan suggested Is not universal and Is comparatively new, it takes time to investigate other systems.WOOLLEN FAVORS INVESTIGATION. President Evans Woollen of the Fletcher Savings and Trust Company, agreed that Investigation should be made, but pointed out that any plan adopted 1 would not bring Immediate results to | tho banker. After discussion of the subject by President Reily C. Adams, of the Security Trust Company, who Is a member of ‘ the bankers' commlttes. and President Brandt C. Downey of the Commercial National Bank, an attack upon the tentative contract furnished by the Educational Thrift Service. Inc., was made by John P. Frenxel, president of the Indiana Truat Company, and member of the bankers' committee. "The contract presented was nncondl- , tional, open only for the approval of the I corporation which seeks to Install the I thrift system," said Mr. Frenzel. "While business representative explained Satisfactorily all the details of the proHised contract, the written statements vague and we do not feel that we to enter into any contract of that n Samples of supplies, hazily menfor inspection. This mati| aot a question of good faith, but business proposition in which S23,(XX) K Involved.” ■ J It. Stout, corporation representative, Hefendrd the challenge with the stateBnent that the contract was but temporBsry, due to the inability of the bankers’ Bommittee to call a meeting In which a Biermanent contract could be affected. ■ The declaration of J. Edward Morris, ■president of the Washington Bank and

On S2O Purchase On S2O Purchase $1.50 Down $1.50 Down $1.50 Week $1.50 Week ■ Save 35 % to 50 % Am Durin S This Sale (•4 W. COATS sf|P7.so v*_/ These coats represent an unusual ~ gj§ g __ Lq/j&flW \ purchase and are values that S Irl \f\. you cann °t resist. You will jW M Mk <1 ' nK Jf want one of these coats, so Jf fij 1 IjLl do not delay in making your |p i I! SWEATERS FT. 1 £rflnll I jP||f s&vn??? $/% 50 and 0 Coats ts tH\/ ®r sL™ OT for Men *1 Y j; I— You men who know values In i\ TUIC mi IPfIN A I will jump at the opportunity ■•L^ ,! wib V 2 o ,ou os9 that awaits you I. th*. No Charge any purchase of $20.00 or overcoats. Tho quality. For more. style and fit Is there. Alterations 1 I 11 J l On Purchases of $25.00, $45.00, *07.50 *07.50 A I Qv_V $55.00 and up the most liberal /1 jjjJ -J jf terms will be arranged. 303 W. Washington Street 3 Doors West of Senate Are.

Trust Company, that success of the proposed system could not be assured led to the unanimous concurrences of the bankers that Investigation should be made, which resulted In the postponement “for & reasonable length of time” of action on a savings system plan by the board. x HOROSCOPE ‘‘The stars Incline, but do not compel!” | FRIDAY, DEC. *l. This last day of the year Is subject to an unfavorable rule, according to astrology, but It ends a twelve months

HOTEL LINCOLN New Year's Eve . Celebration Tables will be profusely decorated and a wonderful dinner served from 9:30 to 12 o’clock. Splendid musical program and a first-class Dance Orchestra. You will be delighted and surprised. Reserve table at once!

To make flavory bread that keeps its freshness, use EVANS’ E£gß£E

of such unusual event* that It Is well all the rinle er forces thus culminate before the new year. Although tb stars may not smile on the earth today they still give fair hope for the new year, which Is to be muen better than the old year. One of the prognostications for 1921 la a general spiritual awakening that will be revealed In literature and are as well as lu the churches. Persons whose blrthdate It Is may have an eventful year. They should be careful of letters and writings. Business may be very strenuous. Children born on this day may be exceedingly Individual and talented They should be carefully trained, for they have great possibilities.—Copyright. 1920.

INDIANA DAILY TIMES, THURSDAY, DECEMBER 30, 1920.

Qearance of CoatS,SllitS,DreSSeS

Manufactured to sell for $69.50, 11 If $75.00 and even up to SIOO.OO J MM Jm Smart tailored coats, elaborately fur-trimmed models. Embroidery and stitching are used lavishly. Coats of Plash , Velour, Veldyne, Suedine, Tinseltone, Yalamas, Baffin Seat, Bolivia, Came.hair, Piumettes Dozens of clever models, in every fashion known to the coat world; from the very swagger “Chappie Coat” to the luxuriously fur-trimmed models. Dresses sll F* Made to sell for $25.00, $35.00 and 11 I m AFTERNOON—STREET/- THEA TER FROCK Tricotines, satins, taffetas, serges, velour dresses—truly an absurdly low price to pay for dresses of these type sand character. —Petti* ready-to-wear, second Boot.

X J T r MEN, A SALE OF Suits and Overcoats Kirschbaum, Sampeck and other leading brands, bought to sell at SBO, $75, S7O and down to $55. $31=30 In order to effect a final clearance of our surplus of high grade suits and overcoats we are marking them at a price which means an immense loss to us, and a gnat gain for you. Nothing is held back—pick out any suit you like and you may have it at a price which represents but little more than the cost of the yardage. Every conceivable, desirable weave is included, such as finished worsteds, fine cassimeres, cheviots, plain and fancy serges, the new herring-bone weaves, and many others, too numerous to detail. The styles are the kind that can be worn next season as well as this, and again the ranges from the conservative business suit to the new sport models for young mem —Pettis men's clothing, third floor.

January Victor Record on Sale Friday

PETTISDRY GOODS CO THE NEW YORK. STORE E ST. ISS 5 .

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Clearance of Girls’ Apparel Wool Dresses 5C.95 Smart, attractive dresses of French and * SETalll 6torm serge, very prettily trimmed with l§aß fill —” colored yarn embroidery. Many models to choose from in shades of tan, navy and Copen. Sizes 8 and 10 years. COATS 51C.95 Theta Coats Would Be Considered Hall Ihm -===ss Good Values at $25 Ifflß ISS All lined throughout, and many Hjjgpj&Blf interlined; some have collars of fur, others are self collars. In navy, Pekin, brown and tan. Sizes 8, 10 and 12 years. " 1 ■ —Pettis junior dept, second floor.

Boys 1 Sampeck SUITS HALF PRICE Formerly SIB,OO to $35.00 —Now $9 to $17.50 For the Year-End Sale we include these splendid suits in single VjJ and double-breasted models. Sizes from Bto 17. /fWp\ Boys 9 Junior Overcoats, $6.45 ut'jM All-wool cheviot coats, ages 3to 8 years. Button-to-the-neck MI y' styles, belt all around. Worsted or flannel lined, with satin yoke. Boys' Sweaters and Boys’ Knicker- Boys’ Flannelette jfiT Boys’ Jerseys bockers Nightshirts L U $1.95 r™ 79c $1.65 If $3.95; "while they last ? ™ | —Pettis clothes for boys, third floor. v

Clearance of SUITS Actually fMi Marked Up to '** *-% $69.50