Indianapolis Times, Volume 34, Number 289, Indianapolis, Marion County, 14 April 1922 — Page 8

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MORE CREDIT FOR BUSINESS U. S. PROBLEM Federal Reserve Board Declares Policy on Frozen Loans. INDUSTRY IS PICKING UP WASHINGTON, April 14—America's credit problem this year is one of larger financing for American business. There also is presented the question of providing aid to shippers who want to mova America's surplus products abroad. The Federal reserve board’s attitude is that there must of necessity be a more extended us of crdlt in domestic affairs. Spriug finds business and industry picking up, after lagging during a winter characterized by more or less unyvenness in business relationships. There still exists, as a result of the lift'erences between dmand and prices, large amounts of so-called “frozen'’ loans, or obligations which borrowers are not ready to pay at the banks. Officials directing the reserve system refrain from bringing pressure to force liquidation of such loans. On the contrary. there Is a disposition to encourage the extension of these credits, especially to farmers, or in lines of business and ndustry where prices and costs have been revised extensively. NEED OF CREDITS TO THE FARMERS. It is recognibed by reserve bank offi•lals that unless Judicious extension of credits to farmers and others is made, essential industries will be hampered in the year's operations. Bankers now find that it is conservative to carry old credits for longer periods. with the purpose of liquidating them through the proceeds of new business operations. Officials of the Federal Reserve Board,

jrtrtji Simon L. Kiser & Son \ Have Just Opened a New Furniture Store Under the Name of ■ ' 111 JUT 11 I|||J Marvel Furniture Cos. which is located oil East Washington street just east of New Jersey. rrr Whatever you buy—no matter whether the bill _ -—" it a jj^| e eac h W eek or each month ~~ as best suits your convenience.

paper we believe it fair to give all Times readers the same opportunity that we gave the readers of the Star and News.

A Personal Note The ladies of this city who used to trade at Kiser’s Suit and Coat House, eorner Washington and Delaware streets, ’will probably remember us. We mention this so that our old friends and acquaintances may know with whom they are dealing when they come to the “Marvel.” It will please us greatly to personally take you through the store during this, our opening. You will not be importuned to buy. But should you see something you want it may be had at a price you’ll be glad to pay and on terms that will he easy to meet. SIMON L. KISER. RAYMOND S. KISER.

DISARMAMENT! LONDON, April 14.—The “destroyer with wings’’ is the description applied to a sea and aircraft machine which a British aircraft firm is now completing, under the directing of the air ministry. This machine is to be full of the most ingenious secret" devices for “two-element” navigation—on the sea or in the air. Calculations have shown that a torpedo boat destroyer has power enough in her engine room, if this were applied in the right way and she were fitted with wings, to lift her from sea to air. On the winged ship now completing the small crew will take aboard water and food supplies and will live for days without leaving their craft.

in advice to member banks of the reserve system, strongly emphasize that all Industrial enterprises must be carried by banks when the business has the element of soundness. This is to Insure the rapid adaptation to new conditions growing out of readjustment. Government officials today were sanguine that spring business will show improvements in many industries of a permanent character. Un-employment has been considerably reduced. It is expected to become less serious in the coming months. SOME ENCOCRAGING SIGNS IN DEMANDS. An encouragit g sign is observed In the continued steady demand over the United States for goods, especially for necessities. Ability of buyers to spend freely denotes that although many have been idle a large number of this class have been able to buy their needs out of reserve cash laid by in savings from former days. Easier money conditions resulting from a general lowering of the interest rates is having the effect of releasing a large flow of capital to industries for Improvement purposes, or for resumption upon a scale more closely approaching

on any purchase of $lO or more will be allowed any reader of the Indiana Daily Times who mentions this ad.

This offer is good until Saturday, April 22nd—one week longer than was originally intended. The extra Aveek is especially for Times readers. To get the extra rebate of $5.00 it will be necessary for you to say “J Saw the Offer in The Times.” Because we are told the Times has many readers who do not take any other

normal, according to reports to the Federal reserve board. Briefly, the financial prospects, as reflected in the attitude of banks in reports to. Washington show a purpose to give “constructive” aid to business. This Is being done without sacrificing

Beeman’s Bailtf JJejs VOL. 1 No- 23 Essentials Willis—" How do you expect to run a brokerage office with only two assistantsT" Gillis — "That’s all I need —one to tell the customers what to buy and the other to figure out how much they lost." Life. * * * All we need is to tell you what to buy. It’s simple—buy Beeman’s! You can’t lose. You’ll enjoy its delightful flavor so heartily you’U come back for more and more. 9 * * * Good for digestion —after every meat Beeman’s pepsin Chewing Gum American Chicle Cos.

Opening Sale During this sale we hope to meet old friends and make new ones. We want you to see our splendid showing of Living Room, Dining Room and Bedroom Furniture. All fresh from the factories and all bought at the lowest prices. We invite comparison of our prices with those of any “strictly cash” house in the city. With our low rent and slight overhead expense we arc reasonably sure that we can give you better furniture for the same money; or as good for less money than you have been able to buy in the past four years. With four floors (16,000 feet of floor space) we are showing a large and most varied assortment of furniture, rugs and stoves.

INDIANA DAILY TIMES.

any of the conservative methods of bank--Ing. It will mean an enlargement of bank accommodations, but will bring

Sale of Easter Footwear Come Early and Save a Dollar or Two jgk. Satin Slippers s^.so With Louis heel, baby Louis heel or military AND heel; fffe Q $5 and $6 Values *o'= Patent Slippers to_ s2^s - Ven ' s br ? wn , <lr f s Children’s $4.95 down to—- cip $2.95 a*Si.4B XJTT’TTYO Quality Shoes JILiL/IJJ O for Less 1546 North HH Qf nVOC 233 E ‘ Washin 9 ton St Illinois st. -L WO 01/0100 Opposite Courthouse.

If you buy a $lO chair or a table, a rug or whatever else you may need, we will hand you back $5.00. If your purchase amounts to $15.00, you pay us but SIO.OO. If your purchase is more than $5.00 and less Ilian SIO.OO, you pay us but $5.00 and pocket the balance. This rebate is only good from now until April 22nd.

greater ease In the money market and thus speed up business and economic development.

W $14522

3^NEW EDISON * * * * Plays All Makes of Records

Genuine Edison SBT Outfit Offer Only $5.00 Down Brings You the Superb Outfit Former Price Reduction New Price • Genuine Edison Heppelwhite . . $167.50 . $22.50 . $145.00 1 Dozen Edison Records . . . 16,20 . 4.20 . IX.CO $183.70 $26.70 $157.00 A double price reduction on phonographs and records. See the terms. For $5.00 down you get the splendid Heppelwhite outfit •—phonograph and records—sent right to your home. Never has there been such an Edison offer before. Come in and Hear The Edison That is the only way you can possibly know the difference between Edison music and ordinary music. Come in today. Take advantage of this offer while you ran, YbeEdisofliSlkop HopMns Music Co~ Owacrs 111 Norlh Street

Every morning while the city sleeps—--75 wagons start from the Sunlight Plant loaded with Polk’s Best Milk. This good rich milk is delivered in time for the breakfast of even the early risers. No matter what the weather, you can depend on Polk Service. "Food Fov.ThoTicrli& Phone RA ndolph 0852. ' LI ncoln 1540, 1549. POLK’S MILK

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Record Prices Reduced! This makes the Edison record the greatest value on the market as the 10 inch, SI.OO Edison record plays as long as any 12 inch needle record all of which sell at higher prices.