Indianapolis Times, Volume 33, Number 201, Indianapolis, Marion County, 31 December 1920 — Page 3

SAYS BUSY DAYS FORECAST FOR _/L921 JUSTIFIED President of Illinois Central Issues Message on Rail Conditions. ACHIEVEMENTS LAUDED “Many predict a buelne** revival early in 1921, an optimism that ttemi altogether Justified,” says C. H. Markham, president of the Illinois Central Railroad Company, In a circular message that has been sent out under the head of “IllinotH Central Reviews Transportation Condition of 1920.” After touching on difficulties experienced by the railways of the United States during 1920, Mr. Markham says: "Facing the great demands for trans portarlon with many obstacles against them, the railways accomplished a task, that seems almos" miraculous. The danger of a coal famine was averted. Necessary traffic was moved. A steadily Increasing record of efficiency was built np week by week and month by month, exceeding all previous records of railway history. The peak of the car shortage was passed early in September. Late In November a car surplus actually ex ieted. The supply of transportation now exceeds the demand for the first time in five years. SAY'S PREDICTION IS JUSTIFIED. “Mary predict business revival early In 1921, on optimism that seems altogether Justified. If tbe predicted business revival materialises. It will make a heavy demand upon the railways. We believe the railways will be able to more a larger business than they moved during the record-breaking paat year. New equipment will be In service and old equipment will be in better condition. •‘Railway workers are developing the old spirit of loyalty and efficiency, conceived upon anew foundation of puhllc service. More adequate rates have been granted. The public is taking a more Intelligent interest in railway affair*. Lessons in cooperation have been learned ADVISES MAKING EARLY SHIPMENTS. “It is well, bowpver. for those who will make heavy demands upon traffic during the year to anticipate those demands as early as possible, now that the railways are In a position to handle all traffic offered them. Material which can be transported now In anticipation of later demands should be transported, in order to distribute the traffic burden more evenly. "U' of the Illinois Central system are proud to have shared In the 192 ft record of rlie railways of the country. Our best efforts will now be put forth In helping to make the record of the railway* for 2921 even more creditable than was the record of 1920. “Constructive criticism and suggestions are invited.” Held for Unlawful Storage of Films Michael Doody. 25, of 9 West Market street, was arrested last night on a warrant charging him with unlawful stor. ■ge of movie films and haring "unproHpeted movie films.” WiThe arrest was the. result of an inby city firemen of the fire 'prevention and inspection department.

Dependability in Banking Service

Fletcher American National Bank of Indianapolis Capital and Surplus, $3,000,000 Officer s STOUGHTON A. FLETCHER. President ELMER W. STOUT, Vice President and Counsel ADOLPH G.WOCHER]* Assistant Cashier THEODORE STEMPFKL Vice President FRANK F. WOCHER, Assistant Cashier GUSTAV H. MUELLER, Vic* President ROBERT H. TYNDALL, Assistant Cashier WALTER T. C. GOLT, Vice President C. O. ROBINSON, Assistant Cashier OSCAR P. WKLBORN, Vice President 11. J. KAROL Manager Foreign Department RALPH K. SMITH, Vice President and Cashier HENRY L. HILKENE, Auditor Board of Directors HENRY C. ATKINS, President E. C. Atkins & Cos. GUSTAV A. SOHNULL, of Schttull & Cos. HERVEY BATES, President Indianapolis Hominy Mills HENRY SEVERIN', President Lewis Meier & Cos. HERVEY BATES, JR.. President American Hominy Cos. RALPH K. SMITH, Vice President v JAMES I DISSETTE Capitalist OH AS. B SOMMERS. President D. Sommers & Cos. HUGH DOUGHERTY, Vice President Fletcher Savings and " ELMER \V. STOUT Vice President and Counsel Trnst Company LUCIUS SI. WAINWRIGHT, President Diamond Chain and STOUGHTON A FLETCHER, President Manufacturing Company GUSTAV H. MUELLER. Vice President OSCAR P. WELBOIiN, Vice President WM. F. PIEL, President Piel Bros. Starch Company FERDINAND WINTER, Attorney MICHABL J. READT, Capitalist EVANS WOOLLEN, President Fletcher Savings and Trust JOS. C. SCHAF ‘ Company

Where Coin’s Failure A miserly mllllnaire was approached by a friend, who used his persuasive powers to induce him to dress more in accordance with his station iu .ife. "I am surprised, John,” said his friend, "that you should allow yourself to become shabby." “But I'm not shabby," firmly Interposed the millionaire. “Oh, but you are,” returned his friend. “Hemember your father. He was always neatly, even elaborately dressed. His clothes were always finely tailored and of the best material.” “Why,” shouted the miser triumphantly, "there clothes I’ve got on belonged to father'.”

Mindful of the cordial relations and public patronage in the years that are past, it is our pleasure to extend to ail “A HAPPY NEW YEAR” THE I. W. FURNAS ice mm go.

TO PROVIDE FOR WOMENPATIENTS New Buildings to Be Added to Epileptic Village. Work will start soon at the Indiana Village for Epileptics at Newcastle, on additional buildings for women, according to a statement today of Amos W. Butler, secretary of the State Board of Charities. The village as it is now equipped can care for only men and boys. Plans for erection of women's cottages have been prepared, but construction work has been delayed because all bids for their erection have exceeded the available funds. When these buildings are completed the colony will be able to care for all persons in the State needing help, it Is thought. Estimates place the number of rneutal defectives in Indiana at 4,123, or .15 per cent of the general population. In public Institutions throughout the State there are 1,027 epileptics; 274 in the five State hospitals for Insane, 207 in the School for Feeble Minded Youth, 571 !n the Village for Epileptics and 175 in county poor asylums. Os this total,

INDIANA DAILY TIMES, FRIDAY, DECEMBER 31, 1920.

376 are insane, 546 feeble minded and 100 without marked mental deficiency. The men and boys number 609; women and girls 418. Classified by age, fifty-nine are under 16 years, 618 between 16 and 40 years, 350, 45 and over. Depression Affects U. S. Shipping Less WASHINGTON, Dee. 31.—World-Wide shipping depression has affected American merchant fleets less than those of other nations, according to shipping authorities. About 200 United States shipping board vessels are tied up for lack of business, but unofficial reports state there are perhaps six times that many English ships tied up in home ports because of the slump. Marine engineers, fearing wage reductions, petitioned Admiral Benson, chairman of tbe shipping board, against a cut. KAHN INCREASES CAPITAL STOCK. Capital stock of the Kahn Tailoring Company of Indianapolis has been increas'd from .>IOO,OOO to 1-790,000, according to articles filed with the Secretary of State. Hurty, Peck & Cos. have also increased their capital stock from $25,000 to $30,000.

DEPENDABILITY in banking service has always been the one recognized important factor that is demanded by the depositor of a bank in handling his funds and business problems of a financial nature. In making your banking connection it should be done with the greatest care, and with consideration of the record and standing of the institution which invites your business, as well as the service it is able to render you. The Fletcher American National Bank with a record of eighty-one years of practical banking, offers you a banking service that is dependable, broad and comprehensive in its scope and especially adapted to meet your every particular financial requirement. The Fletcher American Company buys and sells government, municipal and corporation bonds, short-term notes, acceptances and stocks, offering a complete service to conservative investors. Our private telegraph wire to all important markets enables us to handle all classes of business promptly.

FEDERAL TAX SERVICE

Many corporations have overpaid their taxes during the past three years due to the inexperience of their auditors in real tax work and their inability to develop and properly take advantage of these elements of value which the concern was entitled to but wdiich w r ere not in evidence on the books. Under the law\ invested capital is not limited to cost or value pur ..based, but may include value donated and value earned regardless of whether it is tangible or intangible. Corporations have paid out thousands in excess of their true liability by listening to accountantsw r ho, not knowing how

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Detroit, Michigan

Fletcher American Company Indianapolis Capital, $1,500,000. Officers President, STOUGHTON A. FLETCHER Vice I’residents ELMER W. STOUT W. H. WADE OSCAR P. WKLBOKN GEO. C. FORREY, JR. Treasurer, L. P. ROBINSON Secretary. G. R CLIPPINGER Manager Foreign Department, 11. J. KARCH Directors HENRY C. ATKINS. President E. C. Atkins St Cos. G. BARRET MOXLET, First Vice President Kiefer Stewart HERVEY BATES, JR., President American Hom'ny Company Company STOUGHTON A. FLETCHER. President Fletcher American GORDON A MURDOCK, of IL C- S. Motor Car Company National Bank. CHARLES S. RAUH. President E. Ranh & Sons Fertilizer ALFRED M. GLOSSBRENNER, President Levey Brothers & Company Cos. CHARLES B. SOMMERS President D. Commers & Cos. WILL H. HAYS. Lawyer and Chairman National Republican ELMER W STOUT. Vice President and Counsel Fletcher Central Committee. Ainerlcnn National Bank W. J. HOLLIDAY, of Electric Machine Company ALEXANDER L. TAGGART, President Taggart Baking LOUIS C. HUESMANN, President Central Supply Company Company HARRY E. Kt ERIE, President Chicago, Indianapolis & ANTON VONNEGUT. President Vonnegut Machinery Cos. Louisville Railway Company WILL H. WADE Viee President Fletcher Amerlcnn Cos. , ELI LILLY. Vice President EH Lilly & Cos. GUY A. WAINWIUGHT, Vice President Diamond Chain and WALTER C. MAHMON, President Nordyke & Marmon Cos. Manufacturing Company. FELIX M. MeWHIRTER, President Peoples State Bank of OSCAR P. WELBOKN, Vice Preeldent Fletcher American Indianapolis National Bank.

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A Special Analytical Service for Manufacturing Corporations

Doney, Rogers & Company, Inc. Federal lax Specialists ACCOUNTANT3--COST ENG^NEERS-APPRAISERS Hume-Mansur Building, Indianapolis

to handle elements of investment properly, have stated that they could not be used. In our experience of the past three years we have discovered that there are more than forty points not commonly considered by auditors which legitimately reduce tax liability. Manufacturer’s News. We are always glad to call on any manufacturer without obligation or expense on his part and discuss with him w r hat has Seen done for others and point out what we can do for him. A complete outline of our service sent on request.

Organized 1917

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Washington, D. C.

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