Indianapolis Times, Volume 34, Number 305, Indianapolis, Marion County, 3 May 1922 Edition 02 — Page 2
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SPINK HOMES REPRESENT BIG SUM Breed, Elliott and Harrison Do Financing. R. E. SPECIALISTS Investors Have Gained by Firm’s Plan of Work. The construction of the dozens of apartment buildings owned and operated by Mr. E. G. Spink and the E. G. Spink Company has required a very large amount of capital. In fact several millions of dollars have gone In these buildings. Accordingly an investment banking house was necessary In order to finance the large building' program which has been so successfully carried out by the K ■r. Spink Company. The financing for these buildings has practically all been done by the bond house of Breed, Elliott & Harrison. This firm has made a specialty of dealing in tax exempt real estate preferred stocks, although It carries on an extensive business in buying and gelling municipal, school and road bonds. In fact wltbin the past ten days Breed. Elliott & Harrison headed a syndicate which purchased the $1,250,000 memorial 6 per cent bonds of Marion county. The success of this firm in financing real estate Issues nttraeted Mr. Spink and for several years past this investment house has financed all of the Spink enterprise*. The largest apartment issue ever handled alone by any Indiana bond house was distributed by Breed, Elliott & Harrison when they sold the $550,000 Issue of the Spink-Arms hotel, located on North Meridian street Just north of Cnlverglty Park. This apartment hotel Is one of the finest and most complete of its kind In the middle west. In the last few years Breed-Elliott & Harrison has purchased and sold nearly $10,000,000 of real *ate tax exempt securities. having financed the following: Spink-Arms Realty Company, Alabama Realty Company. Broadway Building Company, Boulevard Apartments Company, Central Arenue Realty Company, Delano-Cambrldgo Realty Company, Dorchester Realty Company, East Pratt Realty Company, Exeter Realty Company. Haugh Canterbury Realty Company, Illinois Realty Company, Illinois Apartment Realty Company, Jefferson Apartment Hotel Company, Mapleton Realty Company, Meridian Realty Company. North Meridian Building Company. North Penn Realty Company. Park Avenue Realty Company, Penn Realty Company, j Pratt Realty Company, Pennsylvania Apartment Hotel Company, Winchester Realty Company. The ahove are all Spink properties, i Other financing of realty Issnes which ! Breed, Elliott & Harrison has done Is as i follows: Fowler Hotel at Lafayette, the McCurdy Hotel, Evansville. Roberts Hotel, Muncle; Peoples Bank Building. Indianapolis; the Denial College Building. Indianapolis; >ssup & Antrim Realty Com ! pany. I r lianapolis; Centennial Apartments, division Street Realty, Denpree Realty. Library Realty, Cites Realty. Parry Realty, Haywood Building. Pion-
BREED, ELLIOTT & HARRISON Investment Securities Municipal, School, Road and Corporation Bonds Liberty Bonds Bought and Sold Leading Dealers in Real Estate Securities In the last few years this house has distributed nearly $10,000,000 of real estate securities without a loss to a single investor. Real estate tax exempt first preferred stocks issued and safeguarded under the “Breed, Elliott & Harrison Plan” are a very popular form of se irity with Indiana investors, yielding the highest possible rate of return commensurate with safety.
Breed, Elliott & Harrison have financed practically all of the Spink apartment buildings in Indianapolis, among them being the following: Spink-Arms Realty Company Alabama Realty Company Blacherne Realty Company Broadway Building Company Boulevard Apartments Company Central Avenue Realty Company Delano-Cambridge Realty Company Dorchester Realty Company East Pratt Realty Company Exeter Realty Company Haugh Canterbury Realty Company Illinois Apartments Company Illinois Realty Company Irvington Realty Company Jefferson Apartment Hotel Company Mapleton Realty Company Meridian Building Company North Meridian Building Company North Penn Realty Company Park Avenue Realty Company Penn Realty Company Pratt Realty Company Pennsylvania Apartment Hotel Cos. Winchester Realty Company
eer Realty, Melere Realty, Eckhouse Realty, Progress Realty, Somerville Realty, Tlmberlake Realty, Lexington Realty, Pilgrim Realty, Senate Building, Delaware Building, Rodman Realty. Breed, Elliott & Harrison jointly with other firms sold securities for the financing of the Claypool Hotel, Indianapolis, Lincoln Hotel, Indianapolis, Washington Hotel, Indianapolis, the Heard Bank i Bulldlrg. Jacksonville, Fla.; Florida Life Insurance Building, Jacksonville, Fla.; jCity Trust Building Indianapolis; j Lemcke Building, Indianapolis, and the I Kivoli Realty Company Toledo, Ohio. While Indianapolis has profited greatly j by this plan of financing which has made jit possible for many new hotels, office buildings and apartment houses to be ; erected much to the advantage to the ! Hoosier capital, this plan has also given jto the investors of Indiana an excellent | opportunity for the investment of their [funds, which yields them an annual rate I above taxation of from 5 to 7 per cent, I the current rate at this time being 6Vz j per cent. During all these years of real I' estate securities not a penny has been lost to the investor either In principal or dividend on any of the issues which have j been offered for sale and safeguarded In I the issuance under the “Breed, Elliott & ■ Harrison plan,” this firm having all such ; issues approved by the Indiauu secur- ! Hies commission before offering them to j the public. FOR $5 WILL MAKE REAL HOME OUT OF DULL APARTMENT Continued From Page One Keconl Section. I business district and was selected as an ! Ideal location for quiet, aud Is on the main artery of the city’s traffic, which j will undoubtedly be the main shopping ’ district for the smart shops of the fui lure. Mr. Eld ridge, the architect for the E. G. Spink Company, has cleverly recessed the radiators In Adam period fireplaces In each apartment. They are out of the way and add a note of decoration to au I otherwise unsightly utility. Every room j Is provided with a shower and a bath. | The difference between the Spink Arms j and the average hotel strikes one tmmeI diately upon crossing the threshold. Instead of the usual massive davenports and chairs arrauged In symmetrical, monotonous groups, there are arrangements j o fperlod furniture and decorations. They are not all of the same period, but their i placing has been carried out with such ; taste as to create a series of pleasing. ! harmonious, surprising pictures throughout the lobbies and lounges. Instead of the two-hundred-foot front being thrown into one long, tiresome room, it has been broken up into several, by the effective use of archways forming long vistas. For the sake of avoiding monotony, the floor i of the ground story has been broken into three distinct levels. Whoever heard of I making a plain marble floor interesting? Tet that's what has been done In the ; Spink-Arms lobby. The eye sweeps across a stretch of rug covered floor, trips down three steps, across a bare marble i space, up three steps and on across an- | other portion brightened by rugs. Glance another way and you go down several steps to be surprised by the red tile of the green dining room. When you rent a Spink-Arms furnished ' apartment you buy everything you need except food and clothing, as each aparti tuent is fully equipped, even with table ! linen, china, silver and cootjng utensils, and they have all the comfort and prii vacy of a home, with none of the exasperating details of Its care. Again apartments without kitchenettes are to be had with eliber one, two or j three-room suites. The dining and tea room service Is ; worthy of an entire article itself. When I the Spink-Arms was first built expe- ' rienced hotel and case men predicted j that Its dining room service would be ; a failure. "No one would want to walk
A two section, eight-story reinforced concrete and brick fireproof apartment hotel, containing 271 suites, al! outside rooms. Second section just now being completed. Five floors are furnished and operated as hotel, while eleven floors are unfurnished housekeeping apartments renting from $65 to SIOO, and containing living room, bath, kitchenette, one and two bedrooms each. One large dining room and four small dining rooms and coffee shop, with barber shop, beauty parlor and candy shop on first floor. Basement contains ice-making and refrigerating plant
four blocks from Washington street.” ; i but Mr. Spink inaugurated a 75 cent ! luncheon and $1.25 table de hote dinner I j that won instant favor. From nineteen | Ito tweuty-two luncheon clubs a week : meet at the Spink-Arms. . "People like ; i to have the eye pleased as well as the ; t stomach fed," so the china, glassware j ! and decorations were purchased at Tlf- | fany's and Is as charming as graces any j private home. j The main dining room is called the ; Della Itobbla room and with its crystal i chandeliers and side lights, its blue | draperies and art glass sky lights, is as j beantlful as any hotel dining room In the country. It scats 300 people and has I five private dining rooms opening Into i I It through mirrored French doors. | The green room Is a dining room seat- I ing 200 people; also connecting through : French doors with the Della Robbia , room, which in turn, opens Into the new i j ballroom and coffee shop and outdoors I garden, making a series of charming J vistas with seating capacity for SOO
Breed, Elliott & Harrison 109 North Pennsylvania Street (Ground Floor) INDIANAPOLIS Cincinnati Detroit Chicago . RESIDENT VICE PRESIDENTS GEORGE B. ELLIOTT, Manager FRED A. LIKELY, Assistant Manager
WE OFFER Marion County War Memorial 5% Bonds Denomination, SI,OOO. Maturities Five to Thirty Years. Exempt from all local and Federal taxes. Price to yield 4*4% income basis. Indiana Road Ronds Real Estate Tax Exempt Preferred Stock SSOO Denomination. Maturities One to Ten Years Based on ground and building located in Indianapolis and Price to yield income basis. owned in fee simple. Price to yield
INDIANA DAILY TIMES
SPINK-ARMS HOTEL
; guests. In fact the dining rooms fo“ni ! a chain surro'unding the main lobby, al- ! together unusual aud striking In Its bold | cheine, character and color. Charming ; waitresses take the place of the convpnI tlonal hotel waiters as one of the attraci tlve features of the Spink Arms food j service. All dining rooms are artificially cooled and a temperature of 73 degrees can be maintained even during tho hottest weather. What Is a hotel without a chef? Tou Just couldn't have a hotel without a chef an! steward, until the Spink-Arms came along, booted tradition Into the back ; yard and Installed another of Its pleasant autprtses— a woman—Mrs. S. M. Mar ! shall assistant manager whose duty It | is to supervise the cuisine and all food I products and service. A chef Is the most | despotic of czars so there was to be no i Nicholases In the Spink Arms kitchen. | A capable woman with long experience as a manager of Mandat's and of Plows' ten rooms In Chicago says, what there shall be to eat and how It shall be
prepared and served and the delightful foods and service attest the wisdom of a woman's supervision. The care taken In the kitchens to Insure cleanliness aud good cooking Is In accord with the good taste shown in tb exquisite furnishings of the public and private dining rooms. A daylight kitchen with daylight flooding every nook of the kitchen and bakeshop through huge skylights. Modern electric and gas cookers, and almost every contrivance for doing by machinery what formerly was done by hand. Is the equipment. An Ice plant In the basement makes 10,000 pounds of ice a day. This is for the use In the tenant's rooms and on the dining and tea room tables. Food In the kitchens and store rooms Is preserved In refrigerators cooled by brine colls. Besides the large Ice box In tho kitchen proper, there are three refrigerators each eighteen feet square, all refrigerated by brine. AU the be cream Is made by a brine machine—with a capacity of seventy fiva gallons au hour.
It would not do to forget what Mr. f-'plnk has done with the Spink Arms radio receiving set which is one of the largest in the city. In spile of the myriad stunts that have been performed with radio, Spink Arms found Rtlil another one. The set is housed in a small room between the main dining room and kitchen. The manager had a round hole cut In the wall between the radio-room and dining-room. Into this the horn of an amplifier was fitted. Suitable decoration conceals the born and Splnk-Aruis patrons have danced In the malu dining room td music caught out of the air. The set Is unusually powerful. Scotland was heard from the ■ ther day. Tho telephone switchboard. which Is the largest private board In the city, will be equipped so all the telephones in the apar'ment may be connected with tho radio outfits, and patrons may listen in in their quarters to radio if they so desire. The Spink Arms will have a fine barber shop ne that will be a pleasure to visit —and not merely as “a duty to per-
form." Instead of the eternal white and shining nickel, the color scheme-is red and black. Just why white should always be chosen is a mystery unless it be that dirt shows up much better, but who Is not familiar with the dirty chipped white enamel of the average barber shop and why inflict it always upon the poor public when color and tight is the scheme of life. The five chairs are upholstered in red and white with black nickel parts. The floors, walls and decorations are Chinese red and black—altogether a unique and attractive shop. The shop will be operated and owned by Lee V. Dynes. In addition, there is to be a beauty shop with vapor and electric baths and equipped with six booths for hair dressing and manicuring. A shoe shining stand exclusively for ladies will be in connection with the beauty shop. One of the most bizarre features of the hotel when completed will be the SpinkAruis Candy Shop und Tearoom, just north of the main entrance, for the SpinkArms is going into the candy business. Mrs. Marshall, who has had long and valued experience in candy manufacturing with Blows in Chicago, hopes to make the shop one of the best known divisions of the Institution. The room that houses the candy shop Is 200 feet long, with three floor levels joined together by broad stairs and graceful arches, giving a most delightful impression. The first level will be used for candy cases and soda fountain and for the selling of fine pastries and breads from the Spink-Arms bakery. The second level will be for tables and chairs for tea and luncheon service and the third level, opening into an outside garden and leading to an elevated tearoom, will be for dances —a delightful little ballroom. Theatrical lighting cleverly hidden In the walls will give changeable color effects so that one day the room will be bathed in pink and lavender —the next In blue or pink, and the possibilities are as unlimited as the shades of color. It will be altogether a most astounding candy and tearoom, which will cater to afternoon teas and after-the-theater Bervica as well. Mr. E. G. Spink has added a milestone to the progress of Indianapolis in more ways than one by the construction and development of the Spink-Arms. Not only has he built an institution which will give a splendid impression to visitors and render a splendid public service by solving the housing situation, but he has given the business of the city an Impetus by his efforts to expand the business district north >-f the trading center on the main business artery of the city, “We realize that we grow with the city and that the city grows and expands with Its trading,” said Mr. Spink. AMERINE HELD IN CASTLE CASE Marshal Believes Chicken Farm Victim Was Slugged. KANSAS CITY, Mo. May B.—Clyde J. Amerlne, member of the alleged midnight liquor party at the Castle, a chicken farm at which Miss Pearl Davis, 20, sustained fatal injuries. Is charged with manslaughter in connection with her death. Amerine Is held in Jail unable to give $7,500 bond. County Marshal Miles declared he believed tbe girl, who died from a fractured skull, was Injured by a blow alleged to have been struck by Amerine. Thinks Taft Should Accept Invitation WASHINGTON, May S—President Harding believes that Chief Justice Taft of the Supreme Court should accept the invitation to name a chairman of a mixed arbitral commission for controlling Russian debts If this will aid the Genoa negotiations, It was declared on high authority at the White House today.
Other hotels, apartment buildings and business blocks financed by Breed, Elliott & Harrison are as follows: Fowler Hotel, Lafayette. McCurdy Hotel, Eye.V'vUf*^ Roberts Hotel, Muncle. Heard Bank Bldg., Jacksonville, Fla. Florida Life Ins. Bldg., Jacksonville, Fla. Peoples Bank Bldg., Indianapolis. Dental College Bldg., Indianapolis. Division St. Realty, Indianapolis. Deupree Realty, Indianapolis. Delaware Realty, Indianapolis. Centennial Apart., Indianapolis Gates Realty, Indianapolis. Eckhouse Realty, Lafayette. Haywood Bldg., Indianapolis. Jessup & Antrim, Indianapolis. Library Realty, Indianapolis. Lexington Realty, Indianapolis. Senate Realty, Indianapolis. Senate Building, Indianapolis. Melere Realty, Indianapolis. .Perry Realty, Indianapolis. Pioneer Realty, Indianapolis. Progress Realty, Indianapolis. Pilgrim Realty, Indianapolis. .Rodman Realty, Indianapolis. Somerville Realty, Indianapolis. Timberlake Realty, Indianapolis. Additional financing done jointly with associates is as follows: Claypool Hotel, lnd!an?polls. Lincoln Hotel, Indianapolis. Washington Hotel, Indianapolis. City Trust Bldg., Indianapolis. Lemcke Building, Indianapolis. Lafayette Building, Indianapolis. Illinois Building, Indianapolis.
MAY 3,1922.
TYPHUSGERM ISOLATED BY RUSS WOMAN Dr. N. Kritch Under Guidance of Prof. Parakin in Moscow Hospital. MOSCOW May S. —Discovery and lso- ) lation of the typhus germ by Dr N. Kritch, a woman, under the guidance of j Professor Parakin director of the Mos- | cow Biological Institute, is confirmed by | Dr. Walter P. Davenport of Chicago, act- : ing head cf the medical department of tho American Relief Administration in I Russia. j Dr. Kritch is director of the labora- ! tory of Sokolnichiesky Hospital in Mos- ! cow where she has been engaged for i two years in searching for the germ, j Announcement of the discovery was made : before a conference of twenty-five Moscow doctors. ! “So far as it has gone, It seems to be : one of the most important medical discoveries of the century,” said Dr. Davenport today. “Dr. Kritch has succeeded in isolating the typhuscoecus, which, is blsI cult shaped, and In appearance much j like the pneumonia germ or pneumacoci ous. The germ was found in the brain tissue of eleven out of twelve patients who i had died of typhus. The organism was i then grown in the tissues of the human spleen from which later a culture was taken and injected into guinea pigs, pro- ; during typhus symptoms, j “So far no vaccine or curative serum has been developed, but this may come later. Other physicians in Europe and ' America have claimed partial success in the production of typhus vaccine, but ! I)r Kritch t the first to grow and rej produce typhuscoccl outside the human body." | The hospital where the discovery was ! made had beea supplied with equipment j by the American*. It has long been known that a particu- ; iar form of louse carries this type of i germ, but, according to Dr, Davenport, | the Identity of the germ has never be- | fore been established. Twelve-Foot Shark in Delaware River PHILADELPHIA. May 3.—A twelve-foot shark, said to have been of the man-eat-ing variety, was shot and killed in the Delaware river at Tacony, a northern suburb. It was the first time a shark ! had ever been seen in that part of the I Delaware, which is nearly 100 miles from I its native ocean haunts. The big fish was shot by Capt. Joseph Fletcher of the Wissinoming Yacht Club after an exciting chase, in which a large number of persons on both banks of the river joined. Congress Raises Flood Relief Fund WASHINGTON, May 3.—Congress | has acted to rush more relief money to | the Mississippi flood sufferers. ! The House hurried through a bill appropriating an additional $200,000 for the reconditioning and strengthening of levees along the Mississippi, which are not under control of the Mississippi River commission. Congress already had appropriated $1,000,000 for the commission for repair j of levees under its juridlction. EX W RITTEN LAW FAILS. ! CHARTRES, May 3.—A Jury of stolid i French peasants refused to be influenced I by the unwritten law plea and convicted j Jacques Bonquerot of murder for shootI Ing Paul Coulon In his home.