Indianapolis Times, Volume 34, Number 201, Indianapolis, Marion County, 2 January 1922 — Page 3

■LECTRIC RAIL Industry gives gIOKENS OF HOPE jlgj&iense Cut Against Slow aßca Business Increases Net Revenue. SKSbERT I. TODD’S VIEWS itions in the electric railway ingrKO of the United Slates instdre "hupc ■jßlMafy. co. -ttdence in its future success," gaffnc I. e president of the AracrBSBQlectrii Railway Association and of the Indianapolis Street Uaiii:; i ar: v in an idli'-ia! stattoday. his >l< ,, l>r;ti"n. ''l''. S&feßfw e ' !, ' u ' '■' l • siewinu that ~ *R9B}MI?s for 19” l were greatly d> those in 191:6: H|H|Vpif>!c florin? the first sit mouths WIBIP 11 HmBB flecrf ;, later nmUths \v. ’ the decreases in most lines of BRStness; that the long anticipated d#>p ”in wages and material costs is at hand, although both of these items still are approximately double what they were in 1914; and that there is a gradual increasing betterment in the relationships between the public and the electric railways. MB. TODD’S STATEMENT. Mr. Todd's statement in full follows: “Conditions in the electric railway industry of the United States inspire hope and confidence In its future success. Only nine companies went into receivership during the year. They represented 770 miles of track and a capitalization of $4.140.400. During 1020 sixteen companies, i with 902 miles of track and a total capitalization of $25.313,655 went into re■ceiverships, while in 1010 forty-eight com■panles with a capitalization of $221,250.■354 failed. ■ “Tt also is encouraging to note that operating 511 miles of track Were reorganized during the year. Hence, the net additional miles of track in receivership for 1021 is 211 miles. “Receipts in recent months have fallen, as they have in virtually all other lines of business. Reviewing the industry as a whole, electric railways certainly are bolding their own. Totals for seventytwo representative lines of the United States show a slight increase in passenger revenue durin; i t;e first six months of this year over the same period for 1020. During the following four months there were steady decreases of from 4 to 6 per cent. The last available report on these figures, for October, shows a slight increase over September. “In spite of the falling off in receipts and traffic during recent months, however, the companies have been successful in curtailing expenses to such an extent that there has been an increase in net revenues and a corresponding improvement in the operating ratio. “The falling off in passenger traffic has been largely offset by a reduction in car miles operated. “This is a very healthy sign indicative of the ability of management to readjust itself to a lower price level. It augurs well for the essential security and soundness of electric railway investments. “Recognition of the fact that if the roads were to survive, wages would have to decrease, has been general. The average wage now paid on the eighty five leading lines of the country, however, is 94.10 per cent higher than the average wage paid on the same lines in 1914. EQUIPMENT COSTS SEIGHTEY LOWER. “Equipment costs, which more than doubled during the war, are off slightly from the peak reached last year. Average costs on representative material used by all roads now is 112 per cent higher than It was in 1914. “Necessity for the maintenance of a rate of return which will be ample to keep pace with these and other operating costs, and to help care for great deficits piled up during the war is being generally recognized by regulatory bodies, and the riding public. In 585 of the leading fares of from 5 to 0 cents are operative. The largest group of cities. 167, have a 7-eent fare, the next largest. 131, have a 10-cent fare. Other groups are: Nine cents cash fare, 4; 8 cents cash fare, 88: 8-cent fare, 1 cent transfer charge, 26; 7-eent zones, 4; 6 cent city zone, 1 cent charge for rides outside, 1; 6-rent city zone. 6 cents ontslde zones, 2-cent transfer charge, 10; 6-cent zones, 4; 6-cent zones, average length two miles, 1; 6-cent cash fare. 104; two 5-cent zones, 2; 5-cent city zone, 5 cents outside. 9: 5-cent fare, additional charge for transfers, 7; 5-cent straight fare, 26. QUESTION OF AUTO BUSSES. “The question of busses supplanting electric railways as the chief means of -urban transportation has been discussed widely during the year and three cities, l?ea Moines, lowa, Muskegon and Battle Creek, Mich., have tried busses as a substitute for street cars and subsequently voted for the return of electric cars by overwhelming majorities. The votes in the three cities were as follows: For Against Des Moines, lowa 16.877 8.797 Mnskegon, Mich 4.605 1,326 Battle Creek, Mich. .. 33,63,8 570 “Despite this emphatic decision of cities which tried busses that they preferred street cars, the electric railway industry is making a very careful study of the question of possible coordination of bus and trackless transportation systems with established railway lines. This subject will be discussed fully at the mid-year meeting of the association in Indianapolis on Feb. 28. “The field of massed transportation doubtless will contin'ue to be left largely to electric railway operation. However, the electric railway industry, always desirous of supplying the best possible urban transportation, intends to determine how far the bus can be successfully employed as a feeder to electric linos to supplement rush hour service, and to act in other ways as an auxiliary to the fundamental rail system. The association believes that one responsible coordinated transportation system should have charge of the traffic in each community and should be free to develop the physical agents best suited to the service desired. All proponents of progressive trauspori tation are agreed that the irresponsible \ jitney has no place in such a plan.” )u. S. STRENGTH / IS DISCLOSED j BY TIGHT ERA (Continued From I’age One.) the records and weighs the elements that • enter Into the calculations is likely to say the turn came In July. He Is likely, also, to note a bit of a hr. It a few months later, a natural thing, before resuming the forward movement. Another thing he may note Is that the trade volume of 1921, the year of the climax of liquidation, measures nobly alongside of 1913 and that too many of the men of 1921 measured their business by the peak volume of war and early post-war days and not by that of the pre-war period. Retrospect is not so attractive to the American business man as prospect Prophecy Is likely to confound the .prophet, but if a prophet sought to predict the business of 1922, he possihlv would take some of the following facts j ('into consideration first. There is only one very weak link in the chain of American industry. That

New Market Master KOBEKT R. SLOAN. Asa private citizen, Robert R. Sloan, appointed city market master by the new board of public safety today, has been interested in municipal improvements for many years. He has been particularly active in behalf of the south side, being president of the Belt Elevation League of the south side and the Southeastern , Improvement Association. He is a Deuio- \ crat and proposes to study the market ; from the vantage point of its chief executive before making recommendations for betterments to mayor Shank. Mr. Sloan resides at 2425 Shelby street, and Is in the real estate business, is the farm. The buying power of the 1 agriculturist is small. The farmer makes ; the largest unit in the American family. ! Good crops at fair prices in 1922 would be of ineulelable value to the country. By reason of the farmers’ financial weakness all industries depending largely on the farm for their outlet must have restricted sales this year. Railroads are steadily working into a stronger position financially. Their purchases in the new year will be good. This means much for steel, lumber and mauy other industries. Textiles look as if they wilt be in strong demand. Retailers the country over are carrying very small stocks. Warehouses are empty. This means imperative buying for each recurring season. There is danger of shortage of raw cotton before the next crop grown. The world's supply of cotton is abnormally small. COPPER OUTPUT BELOW DEMAND. Copper production is considerably below copper consumption. If consump- ; tlon continues at toe present rate, the i eopper mines, long shut down, should be in active operation iii the second it ii r the first quarter of the year. The buying habits of the people have changed within the last two years. This is particularly marked in the department store trade. Buyers now scrutinize the goods. Also they study prices. They ; want to “be shown." I Stocks of material of every kind and I character held by middlemen are very low. In other words, there is a tremendous amount of stuff needed to make up the supplies ordinarily carried and which probably will be carried as Improvement in conditions becomes more marked. The country Is richer than most persons know and money never was so well and widely distributed. One evidence Is in the fact that savings banks’ deposits, despite the trying times of the last year and a half or two years, are but little below the highest in history. STRIKERS NOT SO NUMEROUS. Strikes are not so many and cannot be. The times are not propitious. Strikes are most plentiful in flush times. The wastes due to strikes are colossal. The absence of strikes means economy. Nothing more effective as proof of the great improvement in conditions basically is furnished than in the reduction in unemployment. despite the season when much of the labor of farm, of forest and various outdoor tasks is congregated in .cities for the winter. Construction prospects for the new year are unusually good. In some branches of the building industry enthusiastic souls declare the year will be 1 “the best ever.” If it is well above the average they should be content. Abnormal activity brings bad results usually. Lumber is in better position than for 1 many years. Automobiles —Prospects not bright. The impaired financial state of the agriculturists. which, to a degree, affects many Industries, has a bearing on this. Cheaper money—lnevitably, although there are occasional cheeks and at times a rebound, the Interest rate is going down. Foreign trade—By no means good, but much larger than would be supposed from the reports of its collapse. COUNTRY 18 | COMING BACK. | The whole story is gummed np practic- | ally in the fact that the country la re- ! enperating after the very severe attack of the thing that ailed it and which it “caught" in the war days and which went £o its head in the post-war days. After every war it is so with the people who have been engaged. And there never was a war like the one of recent date. | Americans scarcely appreciate what a tremendous change it made in their position momentarily. Before the war America was a debtor to Europe through stock and bonds and other holdings of Ameri

The Best Cough Syrup ii Home-made. Haro’s nn oiuty to savo It, anfi yo® Save the beat :ou*h raiwdy you ever trteU.

You’ve probably heard of this wellknown plan of making cough syrup at home. But have you ever used its Thousands of families, the world over, feel that they could hardly keep house without it. It's simple and cheap, but the way it takes hold of a cough will soon earn it a permanent place in your home. int a pint bottle, pour 2Vi ounces of Pmex; then add plain granulated sugar syrup to fill up the pint. Or, if desired, use clarified molasses, honey, or corn syrup, instead of sugar syrup. Either way, it tastes good, never spoils, and gives you a full pint of bette cough remedy than you could buy ready-made for three times its cost. Tt is r ally wonderful how quickly this home-made remedy conquers a cough—usually in 24 hours or less. It seems to penetrate through every air passage, loosens a dry. hoarse or tight cough, lifts the phlegm, heals the membranes, and gives almost immediate relief Splendid for throat tickle, hoarseness, croup, bronchitis and bronchial asthma. Pmex is a highly concentrated compound of genuine Norway pine extract. and has been used for generations for throat and chest ailments. To avoid disappointment ask your druggist for “'2V 2 ounces of Pinexwith directions, and!don’t accept anything else. Guaranteed to give absolute satisfaction or money refunded. The Pinex Cos., Ft. Wavno T -d •-Advertisement

can securities abroad to the extent of $5,000,000,000. America came out of the war a creditor nation to the extent of more than $10,000,000,000. The new year opens well. It would not be so perhaps but for one institution without which the organization of finance would have been sorely strained in the war period and certainly in the postwar wild days. That institution Is the Federal Reserve Bank. It has some flaws, but Its merits are i many, very many.—Copyright, 1921, by Public Ledger Company. iCLUB COMFORTS IN NEW BUILDING Business Men Take Kindly to Conveniences of Novel Institution. All the comforts and modern equipment of a fine club have been provided for the patrons of the Recreation building, 207 j North Delaware street, by Charles G. i Claman and Edward H. Claman, proprie- ( tors of the various activities housed un- | der one roof here. The project, which marks a novel Innovation in the business life of Indianapolis, has met with an unusually favorable reception since the building was opened for business a short time ago. In | brief the place extends to its patrons all the comforts and conveniences of a downtown social club with none of the high cost that goes with membership in organizations of this character. On the ground floor of the building in quarters amply large and well adapted for the purpose are placed a cafeteria of the most modern type, with splendid appointments and equipment; a pool and billiard-room containing as fine equipment as can be purchased, ten of the highest grade billiard and pool tables making up the furnishings in this department, a cigar stand with a large and complete stock of tobaccos and a soda i fountain that has proved unusually popuj lar. | “From our experiences in operating j our cafeterias at 42 Virginia avenue ana at 300 North Illinois street, we fonnd out long ago that the demand for a moderate priced eating place with more than mere restaurant equipment and service was a steadily growing one,” one of the brothers said. “After thinking over the matter a long time and reaching the conclusion that our plans would meet with success we established the Recreation building where a business man with anywhere from twenty minutes to an hour to spend can eat, take a smoke, have a chat with his friends, and if he has the leisure and Inclination, enjoy a game of billiards or pool. “In order to assure the best of service and to have our patrons fully understand that they could be assured ot the serving of meals with speed we arranged the cafeteria with a seating capacity of 120 persons, which does away with congestion and delay. An amusing feature of all this has been the great | importance of the soda fountain since > prohibition went into force. 1 really be- | lieve the soda fountain Is bound to take j a very Important place in modern AmerI icon life. I “It really is remarkable the Interest j business men have shown in the RecreaI tion building. Under present day eon- | ditlons men no longer can take their | business with the careless leisure of a | few years ago. Today business Is on a j far more intensive scale than formerly ; and the average business man takes only a fraction of time for his noon meal he formerly gave to it. However all men like realaxation is some form and our building apparently has given them ex actly what they have been looking for.”

Illinois Central System Ready for the Tasks of 1922 The beginning of a neYv year is a time when we pause to review what has transpired in the year just ended, seeking to gain from our reflection something which will be of value in deciding our future course. , The eventful year through which we have just passed has been particularly marked by restrictive economic demands upon the railroads. "We entered the year full of hope that the business depression which had set in would soon spend its force and that business would again go along normally, hut that hope failed to materialize. As a result of the falling off in business, the railroads as a whole during the first nine months of the year earned a net return equivalent to approximately 2.9 per cent, upon their valuation—a return barely sufficient to pay interest op outstanding bonds, with no allowance lor compensation to the owners. The improvement in net earnings during the latter part of the year has been slow and in many instances it has been brought about only at the sacrifice of badly-needed maintenance expenditures. A demand for reduced railway rates, in the faoe of the failure of the railroads, as a whole, to earn a net return sufficient to their needs, also was restrictive in the uncertainty it created. Tn spite of these influences, however, the railroads have given adequate service at all times. We should not he discouraged by the present situation, unfavorable as some of its aspects may be. We should like to give you in this review a statement of how the Illinois Central System has accounted for itself during 1921, hut at this time we have complete information covering only ten months to November 1. During the first ten months of the year, the Illinois Central System performed a freight service equivalent to carrying ]0,29(>,29(*,822 tons of freight one mile, as compared with 13,200,197,416 net ton miles in the first, ten months of 1920. During the first ten months of 1921, we performed a passenger service equivalent to carrying 642,365,624 passengers one mile, as compared with 859,526,161 passenger miles in the first ten months of 1920. This decrease in business is reflected in the gross earnings. For the first ten months of 1921 we had a gross income of $135,926,186, which was $6,615,074 less than the gross income of the eorrespon ling period of 1920. Through drastic reductions in our expenditures, we ended the first ten months of 1921 with a net income of $7,772,154. Approximately $6,375,600 was required to pay dividends on stock for the ten Months’ period, leaving a balance of $1,396,554 for improvements in our properties. However, during the ten months of this year covered in this report we spent a total of $16,284,809 for new equipment, over ami above amounts spent in the repair and maintenance of equipment, and a total of $6,614,782 for permanent improvements to roadway, over and above expenditures for maintenance. This total new investment of $22,899,591 exceeded the amount we had left over after paying expenses and a return on investment by $21,503,047, which had to he borrowed. We entered the year with 57,081 employes, hut the drastic reductions in force made necessary by the great decline in business cut the number to 48,649 in February. Since that time there has been a steady gain in the number of employes. When it became known that a reduced scale of wages would become effective July 1 through the ruling of the Railroad Labor Board, we immediately laid plans for large increases in our forces, with the result that by October we had a total of 60,388 emplo} r es in all departments. Tn spite of the depression, the Illinois Central has made a creditable showing. One reason for this lias been that our employes have striven at all times to perform their service to the public in that effluent and courteous manner which marks our organization. To them belongs much of the credit for what we have accomplished. We take the po#fion that, we are hut the trustees of a great investment which has been made in this agency of transporta'ion, and that we are responsible to the public for our stewardship. We call the public’s attention to the events of the year, and give our pledge that we shall strive to our utmost to make of 1922 a year of still greater success. To that end we seek your confidence and good will. Constructive criticism and suggestions are invited. C. H. MARKHAM, President, Illinois Central System.

INDIANA DAILY TIMES, MONDAY, J4HARY 2, 1922.

Hands That Aided Soßiers Now Pass Out Beaufliymg Needs to New York Society

Special to Indiana Daily Times and Philadelphia Public Ledger. By RAYMOND G. CARROLL. NEW YORK, .Tan. 2.—This Is the story of a pair of pretty white hands—the well-cared-for, with tapering tinted nails; hands of a New York society girl. We. who were in France with the Ist Division, recall their delicate, sensitive outlines, when that famous army unit in January, 1918, took station on the Tout sector, for we men were of the mind that the hands In question, would not last out the first week, let alone the duration of the war. A lot of claiming has been done by women with respect to “being at the front over there,” but the then Miss Cora Langdon Van Norden, daughter of the late Warner Van Norden, banker, every doughboy and officer in the Ist Division knows was there from the beginning to the end of America’s participation in the World War. She is the possessor of the hands of which we are writing. Our brigade headquarters at the introduction of these hands to the Army was located at the hamlet of Ansauville, when the New York girl, three years ago on the coming of Jan. 15, joined up with the Ist Division: a frail, dark-haired Salvation Army worker. She was In charge of a little group which consisted of herself. Miss Lydia .Sheldon of Chicago, a plump little blonde, and Miss Louise Young of Poughkeepsie, N. Y., a graceful, brown-eyed girl, if we remember her aright. STUCK IT OCT UNDER GERMAN SHELL FIRE. For days and days German shells rained upon Ansauville, but the trio stuck it out—they baked doughnuts, apple pies and cookies, using empty wine bottles for rolling pins, and pine boards on wooden horses for tables. They were there for twenty four every day. with snatches of sleep in between, they relieving each other. A portion of the very roof of the deserted farmhouse in which they did their cooking and coffee-serving was blown away. The great hole overhead was replaced with a piece of canvas. Gen. Robert Lee Bullard ordered them out. but they begged so hard to remain that he relented and left them there. Hands that wore once soft and transparent became calloused and red as the months rolled by end the Ist Division moved from sector to sector, ’he fate of shock troop* Montdidier, Soisson add. last of nil, the Argonne. But the hnntts of the Salvation Array lassies remained steadfast to their task they became hands that wore adored, bands that sent our boys whistling on their way to and from the trenehes. While walking along the mezzanine floor of the Hotel Piaza, we observed a pair of familiar hands displaying imported French perfumes over a glass counter to a customer. Then, also, were brought 'orth by the same hands loiion*. powders and those cosmetics which (end tr enhance the 1 entity of the feminine sex. Looking op into the face of the owner of those busy bands we d'?coverd the “doughnut girl” of the First Division now Mrs. Cora Langdon Ooppinger, w fe of an Army officer and proprietor of the beauty shop. STILL BEAR MARKS OF WEST FRONT. “See they still tmar the marks of the West front," she said of her hands, with a laugh. 'And I just received a letter front General Duncan, who is now out at Camp I/ew!s, near Tacoma, Wash, and

General Parker, who commanded the 18th Infantry, and Junius B. Wood, war correspondent of the Chicago News, both remembered me this Christmas with cards.” “And the other girls of your group?” we asked, adding, “are they married?” “Not married yet,” she replied. "Miss Sheldon is out In California, while Miss Young remained with the Salvation Army and is stationed at Cohoes, N. Y., quite near her home. Thus the same hands that fed our soldiers now minister to the beautifying needs of New York's society.—Copyright, 1921, by Public Ledger. Company. Unique Club Gives Aid to ex-Convicts PITTSBURGH, Jan. 2.—Pittsburgh has the roost unique club In the country. Its membership is made up exclusively of ex-convicts. The institution is known as the Parting of the Ways Home and is in charge of Uolio H. Mcßride. Its sole motive Is to give the man who has finished his "bit” in the State penitentiary here a helping hand as soon as he gets out, find him a job, and turn him toward a better life. In the seven years since the Parting of the Ways Home was established McBride has taken care of over 22.000 exconviets, and last year 1,290 were fed, sheltered and given anew start. WHISKY SENT AS BIBLES. NEW YORK, Jan. 2.—Bootleggers are pending the prohibition law here by shipping case 9 of whisky C. O. I). to customers, and labeling the boxes “Bibles.” TWENTY FREEZE TO DEATH. BERNE. Jan. 2.—Twenty peasants have been frozen to death in the .Swiss Alps. The weather is (he worst ever recorded so early In the winter.

Is That Cold and Cough Hanging On? YOU will be convinced that Dr King’s New Discovery does just what it is meant to and cough raw throats, congest ion-tormenteo chests, loosens the phlegm pack and breaks the obstinate cold and grippe attack, relieves the congestion in the head. N-o harmful chugs, therefore good for children as well as grownups. Right away sou will notice the change for the better. Has a convincing, healing tarte that ym will appreciate. Huy a bottle at ar.y druggists on the way home to-night, 60c. Dr. King’s New Discovery For Colds and Coughs

Lazy People, I-axy Bowel*. Don t neglect constipation. It undermines the health, takes all vim out of you. Dr. King J a Ihtls will invigorate the system, stir up the liver, move the bowel*. All druggists. 25c. T\ PROMPT! WONT GRIPE Dr. Kind’s Pills

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Coats belted stylel?j|j®iAose, brown, greenjßSKcmo 6 years—sl)B

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Plushes!

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3