Indianapolis Times, Volume 34, Number 293, Indianapolis, Marion County, 19 April 1922 — Page 5

APRIL 19, 1922.

DEALERS FACE HARD PROBLEM IN USED CARS Have Been Allowing Too High Allowance on Trades. The need car problem has become o complex that manufacturers and dealera are devoting moat of their attention to Its solution. There are about eight million used cars In the country, figuring on the basis that a year-old car Is “used.” And each year about 10 per cent hare been turned in for new machines, or scrapped, leaving few new buyers. Manufacturers hare come to realize that the greater part of their annual production goes to the persons who turn In used cars and get an allowance for them. AGENT THE LOSER. This allowance. It has been decided. Is what Is straining the back of the new car market. Dealers, eager to sell, haTe been allowing too much for old automobiles. The owner, rather than the sales sgent, has been pocketing the profit. Three solutions to this situation hare been offered: 1. Each manufacturer, In advertising his new car, should also quote the market price of his older models. Agents

Monroe Has Pared Literally Hundreds of Dollars From the Cost of Your Next Motor Car The plan of selling automobiles directly from the factory to the user has done some amazing things in the way of economy— for you. It has enabled you ,to get full motor value for the money you spend. The price is for the car itself—not for the cost of selling it to vou. With one sweep it has been relieved of a price burden which heretofore netted you But price is not the only Monroe economy. Assiduous attention on the part of Monroe engineers to the development of low upkeep and large mileage has accomplished some decidedly satisfying mechanical achievements. Those who indorse thrift just naturally incline to the Monroe. They are inseparably linked. Direct Factory Service Stations are established wherever Monroe cars are sold. Honestly made, liberally serviced, skillfully engineered, backed by ample resources and sanely marketed, it offers a value you can’t dodge. Do the wise thing and investigate it NOW. The Indiana allotment for April is limited. Price Now at Factory /There Is a profitable place in the\ I Monroe program for reliable service 1 vjjaroges everywhere. Write for details ./ MONROE AUTOMOBILE CO. Capitol at North Street, Indianapolis, Indiana. Phone, MA in 3871,

Statement of Condition or The Yorkshire Insurance Company, Ltd., of York, Eng. NEW YORK, N. Y. 80 Malden Lane. OX TUB 31st Day of December, 1921 FRANK .t DUBOIS. U. E. Managers. Amount of capital, statutory deposit $ 200.000.00 NET ASSETS OF COMPANY. Cash In banks ton Interest and not on Interest) $ 370,017.63 Bonds and stocks owned (market value) 2,208,170.80 Accrued securities (interests and rents, etc.) 19,839.67 Premiums and accounts due and In process of collection 827,423.53 Reinsurance due on paid losses - 779.37 Total net assets $2,0364130 90 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $1,397,828.68 Losses adjusted. .$120,497.00 Losses unadjusted and in suspense 533,066.00 $663,563.00 Reinsurance 231,075.16 Not 422.487.84 Other liabilities of the company 30.350.00 Total liabilities $1,850,666.52 Capital 200.000.00 Surplus 884.564.38 Total $2,935,230.90 Greatest amount In any one risk .$ 25,000.00 Greatest amount allowed to be Insured in any one block.s 100,000.00 State of Indiana. Office of Commisaloner of Insurance. I, the undersigned, Commissioner of Insurance of Indiana, hereby certify that tbe above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of December. 1921. as shown by the original statement, and that the said original Statement is now on file in this office. In testimony whereof, I hereunto subscribe my name and affix my (SEAL.) official seal, this Ist day of April, 1922. T. 8. McMURRAY, JIL, ••' Commissioner, ,

When Baying a Used Car Beware of tha so-called “gyp” dealera. The condition of tha car a.ad angina should be Investigated. Be aura what tha vehicle la and whether it will operate. Tha car selected should be one made of a reputable manufacture whose products can be relied on. Do not be attracted by the beauty of the lines, the fine upholstery, brilliant trimmings, and pretty color. Carefully inspect the Inside. Buy from a dealer of reputation who has the best reference to guard and protect, and a man who will be in business tomorrow as well as today, and whose guarantee of satisfaction means something.

giving a greater allowance would know the risk they are taking. APPRAISERS SUGGESTED. X Public appraisers, paid by the dealer, te give the saler value of any car submitted by a prospective new car customer. In such case there would be no bargaining and the dealer would have a true knowledge of the car'a value. X Formation of a national used car company, which would buy and sell all used cars from only those owners buying new automobiles. There would be set prices for all models, which would be paid to the new car dealers as part payment on the new car sold to the owner. Action will soon be taken on this problem. That is the promise of Arthur

Statement of Condition OF THE Great American Insurance Company i NEW YORK CITY. 1 Liberty st. OX THE 31st Day oi December, 1921 CHARLES O. SMITH, President. EDWIN M. CRaGIN, Secretary. Amount of capital paid up... 510,000,000.00 NET ASSETS OF COMPANY. Cash in backs (on Interest and not on interest) $ 1,518,701.44 Bonds and stocks owned (market value) 37,977,621.00 Mortgage loans on real estate (free from any prior incumbrance) 20,000.00 Accrued securities (interest and rents, etc.) 338,316.38 Premiums and accounts due and In process of collection 2,750.838.63 Reinsurance recoverable .... 50,155.62 Bills receivable 150.372.80 Total net assets $42,806,008.87 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $16,511,344.07 Losses adjusted and not due 373,123.00 Losses unadjusted and In suspense 3.014,131.95 Bills and accounts unpaid... 189,398.93 Other liabilities of the company 505,000.00 Total liabilities .'.520.55)2.997.05 Capital 10.000,000.00 Surplus 12,213,010 92 Total $42,506,008 87 Greatest amount In any one risk $ 1,200,000.00 State of Indiana, Office of Commissioner of Insurance. I, the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above Is a correct copy ot the statement of the condition of the above mentioned company on the 31st day of December, 1921, as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof, I hereunto subscribe my name and affix my (SEAL.) official seal, thla Ist day of April. 1822. X. 8. McMURRAY, JIL, i Commissioner, i

Beeves, general manager of the National Automobile Chamber of Commerce. That la certain, for It Is realized that the new car market will be slow until a practicable solution of the used car altuation la obtained. Make Record in Concrete Paving Over 62.000,000 square yards of concrete pavement were completed In the United States In 1921. About 80,000,000 square yards of this amount was carried over from uncompleted contracts la 1920 and about 54,000,000 square ynrt’a of nsw contracts were awarded during the year. On Dec. 1 there wore approximately 22,000,000 square yards In contract uncompleted and which will have to be carried over until 1922. This unfinished work U smaller In amount than It was at the close of either the years In figures, 62.000,000—1s nearly 74 per cent greater than the record of 1920, the best previous year. Wisconsin' Is one of the leaders, having completed more than 98 per cent of this year's contracts. AUTO NOTES Wood wheels are stUl In the lead Chains must not be too tight. Do not wash a car with hot water. Clean snow and Icy mud from the body ns soon as possible. Avoid sudden changes in temperature. Average age of car traded la for anew

Statement of Condition OF THE Michigan Fire & Marine Insurance Company DETROIT. MICH. Penobscot bldg. OX THE 31st Day of December, 1921 D. M. TERRY, JR., President. H. E. EVERET.T, Secretary. Amount of capital paid up....$ 400,000.00 NET ASSETS OF COMPANY. Cash In banks (on Interest and not on interest) $ 42,566.52 Bonds and stocks owned (market value) 1,301,660.00 Mortgage loans on real estate (free from any prior Incumbrance) 656,720.00 Accrued securities (Interest and rents, etc.) 34.028.09 sash In office 17,706.5* Premiums and accounts due and In process of collection 325,128.91 Fhila. Underwriters Assn. ... .100.00 Total net assets $2,877,909.09 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $1,258,5)45.52 Losses unadjusted and in suspense - 167,052.63 Bills and accounts unpaid 42,526.63 Total liabilities $1,468,524.78 Capital 400,000.00 Surplus 509,384.31 Total $2,377,909.09 Greatest amount In any one risk 5 20,000.00 Greatest amount allowed by rules of the company to be insured in any one city, town or village S 40,000.00 State of Indiana, Office of Commissioner of Insurance. I. the undersigned, commissioner of insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above men tioned company on the 31st day of December, 1921, as shown by the original statement, and that the said original statement Is now in tile In this office. In testimony whereof, I hereunto subscribe my name and affix my (SEAL] official seal this Ist day of April, 1922. T. 3. McMURRAY, JR., Commissioner. ,

INDIANA DAILY TIMES.

Speakin' of Roads Hords of autos now remind na. We should bulM our roads to stay And departing leave behind ua Kinds that rains won't wash away. When our children pay the mortgage Father made to haul their loads, They’ll not have to ask the question “Here’s the bonds, but whare’s the the roads?”

one la said to be twenty-eight months. S?o that brake rocker shafts and such par'.* are oiled. Radiator and hood covers Insure easier starting. White hag a business car-which looks like a passenger automobile*. The largest car is the Spanish Ellzalde, whose hood Is five feet high. Anew European car has a two-npoked steering wheel. Conserve battery current as much ns possible. New York State has nearly swan hun-

rgfig*i ■" Cewr* •Lena eery ta*<W m ■ I jnj | pj j t Oeapw— wovoa Ciw me. 9r. loom aa \ With Every New 1922 Gardner Car A Guarantee that says something and means what it says. A Guarantee backed by more than 40 years* successful manufacturing experience and a present financial position of over a half million dollars cash in bank and no debts* The Gardner Motor Cos., inc. ST. LOUIS, u. s. A. A New Model : A New Low Price Gardner Division LEXINGTON MOTOR SALES Distributors 1142 MERIDIAN ST., NORTH Indianapolis, Ind.

Statement of Condition OF The Camden Fire Insurance Company N. J. 432 Federal st. OX THE 31st Day of December, 1921 EDMUND E. READ, JR., President, JOSEPH K. SHARP, Secretary. Amount of capital paid up... .$1,250,000.00 NET ASSETS OF COMPANY. Cash in banks (on Interest and not on Interest) $ 210.823.50 Real estate unincumbered... 154,193.43 Bonds and stocks owned (market value) 5,573,367.50 Mortgage loans on real estate (free from any prior Incumbrance) 613,342.50 Accrued securities (Interest and rents, etc.) 80,400.00 Collateral loans 17,800.00 U. S. thrift stamps 46.95 Deposit Phila, Ui.d. Assn.... 200.00 Unpaid reinsurance on losses 562.93 Premiums and accounts due and in process of collection 582,993.17 Total net assets $7,213,736.48 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $3,751,160.88 Losses unadjusted and In suspense 013,552.00 Bills and accounts unpaid... 139,904.92 Other liabilities of the company 1,875.00 Total liabilities $4,806,582.80 Capital 1,250,000.00 Surplus 1,157,152.68 Total $7JU3,735.4S Greatest amount in any one risk $ 150,000.00 State of Indiana, Office of Commissioner of Insurance. I, the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of De* cember, 1921, as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof, I hereunto subscribe my name and affix my (SEAL.) official seal, this Ist day of April, 1922. X. S, McMURRAY JR, Commissioner.

dred thousand registered motor cars. Chicago auto show will have eighty different makes of cars German automobile factories are congested with home orders. Baring a cold engine will not heat it up. Systematic attention lengthens a car’s life. Tire production la Increasing, say Akron tire men. Vulcanized rubber can now be made In any shape or color. Between 60 and 80 per cent of cars bought today are open. OVERWORKED BATTERIES. With tne coming of short days, long nights, and cold weather, a battery may appear to weaken because of the constant drain. Do not discard ti until recharging Is tried. The battery may have been overworked and not fed enough current to keep It In condition. IGNITION IN CYLINDERS. In a gasoline engine. Ignition occurs a few degrees before the piston reaches top dead center on the compression stroke.

Statement of Condition OF THE Savannah Fire Insurance Company SAVANNAH, GA. Bryan and Drayton sts. ON THE 31st Day of December, 1921 MILLS B. LANE, President N. F. TRAIN, Secretary. Amount of capital paid up....$ 200,000.00 NET ASSETS OF COMPANY. Cash In banks (on Interest and not on interest) $ 12,184.06 Real estate unincumbered.... 111,000.00 Bonds and stocks owned (market value) 283,084.60 Mortgage loans on real estate (free from any prior Incumbrance) 8,000.00 Accrued securities (Interest and rents, etc.) 2,766.01 Other securities 800.00 Premiums and accounts due and In process of collection 28.746.54 Total net assets $ 449,181.51 LIABILITIES. Reserve or amount necessary to reinsure outstaudrisks $ 117,080.65 Losses unadjusted and in suspense 33,000.00 Total liabilities $ 150,080.65 Capital 200,000.00 Surplus 99,100.86 Total $ 449,181.51 Greatest amount In any one risk $ 15,000.00 State of Indiana, Office of Commissioner of Insurance. I, the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of (he above mentioned company on the 31st day of December, 1921, as shown by tho original statement, and that the said original statement is now in file in this office. In testimony whereof, I hereunto suB j scribe my name and affix my [SEAL] official seal this Ist day of April, 1922. X. S, McMURRAY, JR.. Commissioner.

3 AUTOMOBILES STOLEN WHILE CITY SLEEPS Police Also Searching for Thieves Who Took Accessories. Three automobiles were stolen during the night and thieves took tires and other articles from automobiles parked In various parts of the dtv, according to reports to the police towfay. Ben Wheat, 1137 Kentucky avenue, reported his car stolen from Maryland street and Capitol avenue. Robert Spurlock, 557*4 West Washington street, told the police his automobile disappeared from In front of this address. Joe Hampson, 8015 North Pennsylvania street, parked his automobile at Market street and Monument Circle last night Later he discovered a thief had taken It

Statement of Condition OF THE New Jersey Insurance Company NEWARK, N. J. IS Washington Plac, ON THE 31st Day of December, 1921 JACOB R. n.\LL, President JAMES Y. MILNE, Secretary. Amount of capital paid up.... 51,000,000.00 NET ASSETS OF COMPANY. Cash In banks (on Interest and not on interest) $ 122,264.89 Real estate unincumbered 828,439.97 Bonds and stocks owned (market value) 1,399,961.00 Mortgage loans on real estate (free from any prior Incumbrance) 109,000.00 Accrued securities (Interest and rents, etc.) 12,329.02 Premiums and accounts duo anil in process of collection 233,029.99 Accounts otherwise secured.. 93,078.15 Total net asse r s $2,298,042.52 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $ 663.276.03 Losses adjusted and not due. 15,338.04 Losses unadjusted and In suspense •••■**••■■•• 8 * 2,953.03 Bills and accounts unpaid.... 1,500.00 Other liabilities of the company 87,043.06 Total liabilities $1,090,140.60 Capital 1,000,000.00 Surplus 207,901.80 Total $2,298,042.52 Greatest amount In any one risk $ 100,000.00 State of Indiana, Office of Commissioner of Insurance. I, the undersigned, commissioner of Insurance of Indiana, hereby certify that the above Is a correct copy of the statei ment of the condition of tho above mens tioned company on the 31st day of December, 1921, as Bbown by the original statement, and that the said original statement is now on file In this office. In testimony whereof, I hereunto subscribe my name and affix my (SEAL] official seal, this Ist day of April, 1922. X. S, McMURRAY, JR. Commissions*

Sergeant Bussell found the automobile at Pennsylvania and streets. J. V. Wells, 526 North Jefferson avenue, reported a aeat stolen from his car. David Wolpert, Splnk-Arms Hotel, reported a tire and rim stolen from his automobile, while It was In front of the hotel Loula Cohn, 1420 Union street, reported a tire stolen from bis car while it was parked on Monument Circle. David Shaneman, Central Park Apartments, surprised a young man who was attempting to start his automobile, parked In the Circle. Shaneman let him get away, then telephoned the police. E. D. Parsons, Apartment No. 2, Central avenue and Fifteenth street parked his car In front of his home last night and a tire and rim were stolen.

□ver 700,□□□ owners Bodes Brothers MOTOR CAR y in SUM, $1,444 1 ONR 41.Z54; Touring Cr, sBB4j Rendster, SBSO, Pa*ai Bailnm Car, St*SO; Sonwn Bualneae Car, SBBO, T. O. B. Detroit. C*H.Walleri ch Company Doaatt Baowaas Mutoe Vemajs Circle 0844301 815 X. Meridian St

This Is Another Studebaker Year The Light Six Sells for sllls Indpls.

Statement of Condition OF THE Greal Western Fire Insurance Company CHICAGO, ILL. 173 W. Jackson blTd. ON THE 31st Day of December, 1921 ANTHONY MATRE. President. NAPOLEON PECARD, Secretary. Amount of capital paid up....$ 460,000.00 NET ASSETS OF COMPANY. Cash in banks (on interest and not on interest) $ 50.503.50 Bonds and stocks owned (market value) 853,609.05 Mortgage loans on real estate (free from any prior incumbrance) 317,300.00 Accrued securities (Interest and rents, etc.) Collateral loans ‘ 32,500.00 Premiums and accounts due and In process of collection 2,766.15 Total net assets $ 764,636.48 LIABILITIES. Reserve or amount neces- . sary to reinsure outstanding risks $ 28,726.44 Losses due and unpaid 9,509.00 Other liabilities of the company, reserve for taxes.... 1,000.00 Total liabilities 39.235.44 Capital 400,000.00 Surplus • 825,400.04 Total $ 764,636.48 Greatest amount in any one risk *•*•s 7,500.00 State of Indiana, Office of Commissioner of Insurance. I, tbe undersigned, Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of December, 1921, as shown by the original statement, and that the said original statement Is now on file in this office. In testimony whereof, I hereunto subscribe my name Bud affix my (BEAL.) official seal, this Ist day of April, 1922. X. & McMURRAY, JR^ * . Cemmlssioneiv

If You Can't Come, Uncle Sam, Send Your Cash, Pleasel GENOA, April 19.—Representatives of the American Federal Reserve Bank system will be Invited to a conference of banks of Issue, to be held shortly after the Genoa conference, it was proposed to the conference here today. The proposal was made by Sir Robert S. Horne, British chancellor of the exchequer. The conference Is expected to adopt the proposal tomorrow. Horne’s proposal Is for parley entirely separate from the economic conference now being held.

Statement of Condition OF THE Columbia Insurance Company DAYTON, OHIO. Second and Jefferson sts. ON THE 31st Day of December, 1921 O. I. GUNCKEL, President. HERMAN RICE, Secretary. J Amount of capital paid up....$ 150,000.p0 NET ASSETS OF COMPANY, J Cash In banks (on interest and not on Interest) $ 13.932.34 Real estate unincumbered.... 60,000.00 Bonds and stocks owned (market value) 935,860.00 Mortgage loans on real estate tfrea from any prior incumbrance) 13,400.00 Accrued securities (Interest and rents, etc.) 7.595.62 Premiums and accounts due and in process of collection 15,210.61 Total net assets —....51,036,295.57 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $ 134,003.83 Losses adjusted and not due. 3,842.67 Losses unadjusted and in susperse 2,920.00 Other liabilities of the company, taxes ................ 9,725.41 Total liabilities ? 150,491.93 Capital 150.000.00 Surplus 736,806.04 Total $1,030,298.57 Greatest amount in any one risk .....$ 15,000.00 State of Indiana, Office of Commissioner of Insurance. I, the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on tbe 31st day of December, 1921, as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof, I hereunto subscribe my name and affix my (SEAL.) official seal this Ist day of April. 1922. X. S. McMURRAY, Commissioner,

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