Indianapolis Times, Volume 35, Number 196, Indianapolis, Marion County, 26 December 1922 — Page 12

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PROSPEfIiTY WITH IESERVATIONS IS YM'S OUTLOOK Business in 1923 Depends on Conditions in Europe, Economists Say. DEPENDS ON CONSUMER Attitude of Buying Public Toward Rising Prices Is Question. By United Xetrs WASHINGTON. Dee. 26. The business outlook for 1923 is "prosperlty with reservatlons.” These reservations, in thè opinion of leasing economists, governmental and otherwise, are: 1. What happens in Europe durlng thè next few months. 2. What thè attitude of thè American consumer is going to be toward , rising commodity prices. So far, what has already happened in Europe has not interfered with American foreign trade activities as much as might be expocted in view of j ihe pronounced depression abroad. Ex-j ports to European markets, it is j pointed out, have been fairly well maintained. In certain quarters it is ; pointed out that a consideratale volume ; nf foreign investment has doubtless ; been a factor in supportine this coni, j merce. Export Trade Good The slump in export trade which occurred in thè first half of 1921 was arrested in thè early summer of that year and since then. onìy during thè period from November, 1921, to February, 1922, did American exports fall below $300.000.000 a month. Cottoli and grain have been thè chief items of export, but manufaetured artlcles have had a eonsiderable sale abroad durlng thè last few months. Whether this development is to continue Is held definitely to depend on what happens to Europe In thè Immediate future. The second reservatlon —thè attitude of thè consumer toward advancing commodity prices—is held in a largo degree responsible for thè immediate future of domestic prosperity. Bank Reserres Doublé. Evidences of prosperity may be sound in thè faets that thè aggregate reserves of thè Federai Reserve Banks are practicaliy doublé thè minimum legai requirements; that interest rates are moderate, and that thè commercial banking institutions generally are in a position to finance a much largei- volume of transactions without strain. These conditions are expected to etlmulate business activity. Furthermore. there seems to bo plenty of work to do. The housing shortage has not been fully supplled; thè rallroad strike has shown thè largest Inerease in employment during thè last three months; thè demand for automobiles continues at an unusually high level; and, inventories are not generally excessive. Hence, there should be plenty of money with which to pay high prices. FLEET SEARCHES FOR MISSINO LAKE TUG Craft Believed to Have Sunk in Erie With Crew of Eight Men. By United Press CLEVELAND, Dee. 26.—Search for thè xnissing tug Cornell, wliich left here Thursday for Euffalo wirh a crew of eight men, was continued today by a fleet of tugs and an airplane. Thetug ls believed to have gone in Lake Erie with all on board, as tugs which searched thè lake yesterday sound no trace of thè craft. WIERDEST MURDER IS MYSTERY TO POLICE Man SI ain on Park Beiteli While Hundreds Are Pass in g. By United Presa CHICAGO, Dee. 26.-—T’olice were faced today with one of thè weirdest murders in thè history of Chicago—he slaying of Joseph O’Day on a park bench while hundreds of persons were passing within a few feet. O'Day’s body was sound with thè throat cut aster he was seen talking to an unldentlfied stranger. Police believe thè stranger cut O’Day’s throat and then held thè lifeless body up and carried on a one-slded conversation trntil a lull in thè traftic gave hlm a chance to slip away. Relatives of O’Day declared he had no enemles.

RED P IMS HCHEDBADLK AB Over Back of Head and Neck. Cuti cura Heals. trouble began in little ted plrEplé* all over tic bacie of ray head tand neck. Tbey itched and burri ed so badly that I scratched ontil my head wm one eruption. I began to thir.k I would be dis♦igured for lise. "I then sent and got a free sam pie of Cuti cura Soap and Ointment. It began to help me so 1 purchased rr.ore and aster using oxìS cake of Soap and one box of Ointment I was healed.” (Signed) Miss Emma Counterman, Kingston Mines, Illinois, M&rch 24, 1922. Rely on Cuticurs Soap, Ointment and Talcum to care ior your skin, BapU ua> T*mì7 KC MSnn ~V! -mia* •VurtM. KCAk 4Tu*m.' U.a^nrwa. gnp3>. OfetmfatXtaéùOe. IftìcamlM. -

Baby Mine f?AISTA BPOUGHT ME A - WOODEN WHI9TLE BUt WHI9TLE * Of rotirse your baby ha said or dono •omothing just as clever as filose reported In this column. ffnt lt on a postcard and send it to thè Baby Mino Editor ot The Times and share your check Ics with thè rest. Likes Her Bath Helen w r as fond of her bath. One day following thè usuai happy “tubblng,” she waved her plurnp little arms in thè alr, much as a tlny duck would in trjing to fly, and sald, “Oh, my! I feel so dood and tender!” —D. B. T. Up-to-Date One of my friends ls a radio fan, and has quite an elaborate equipment. The other day hìs small son turned some of thè adjustments and sald: “Hello, Santa Claus. Please bring me a sled for Christmas, also an airship and a baby brother.—P. B. Reginning Young James, aged 5, called his mother end sald, “Marna, what ls that on my toe? Is that a com? If it ls I want to know, for I will soon be as big as Pad.—D. H. NEGRO WOUNDS TWO POLICEMEN IN FIGHT Joseph Baetz, Patrolman, in Criticai Condition. B a United Presa RICHMOND, Ind., Dee. 26.—Reaching in his pocket aster a tight with a negro, Patrolmen Henry Recker sound a bullet buried in his handkerchief and discovered he had been shot through thè leg. Joseph Baetz, 51, another patrolman. was shot through thè hand hy thè negro and another bullet grazed his breast just above thè heart. Ho ls In serious condition, but probably will recover. The policemen were taklng Matt Taylor, 33, a negro, to thè police station in a patrol wagon to answer charges of intoxication and dlsorderly conduct. Taylor drew a revolver and started flrlng. The first shot severed an artery in Baetz's hand. MACHINE GONE H. A. Whitlngton, 417 E. Ohio St-, parked his coupé in front of his home last night. A thlef stole thè automobile.

“Monon Flyer” Train DeLuxe to Chicago Lvs. Indianapolis - • 4:30 p.m. Lvs. Boulevard Station 4:44 p.m. Arr. Chicago - - - - 9:10 p.m. Rlililililimi Cbicago, ladiwapaUa * L*itUìo Zj. Tidwi Offìcm 114 Monument Placa Enslùh Rotai Block Talophonm Circtm 4600 158

AB M.Jela in Stock at VONNEGUT’S 120-I£4 R Washington St.

Jp| v, Qjdb Hotel Lincoln’s New Year’s Ève Celebration Saturday, December 30th Will be a mighty snappy affair. Dinner and dancing- from 9to 12. Wonderful table decorations and favors. Prizes and surprises! MARE YOUR RESERVATIONS NOW Wm. R. Secker, General Manager

TERIIFIGSTDRMS BUFFETVESSELS Three Ships Believed Lost in Hurricanes Sweeping Atlantic. By United Press & QUEENSTOWN, Ireland, Dee. 26. —Three vessels are believed to have gone dowm In hurricanes sweeping thè Atlantic, according to thè captain of thè New Columbia, driven in here by thè storms today. The Celtic and thè Carmania, with decks and lifeboats smashed, put in here, reporting most terrific gaies In twenty years. The New Columbia’s captain said he had received distress signals from three vessels just before thè storm reached its height, and that afterward he was unable to “raise” them by radio. PASSENGERS TELL HARROWING TALES By United Press NEW YORK, Dee. 26.—Hurricanes sweeping from thè northwest at 120 miles an hour buffeted thè Cadric, thè Zeeland and thè United States and a

No “Bait” Prices Here! AOtir repalr departntent t oporated on 1 thè sarae policy uh our show departJ —& ment. We givo thè utmost In quallty f< Y f and value every timo, every day. Cm---!4) 1 ,,ir0 o,lr privo and work with any en ’ s half soles.. • 75^ Jl Women’s half soles 50c Rubber heels • 35£ fFT \T THRIFT THRIFT Cf. NO SHOE STORE SHINF Merchant Hank I*l <1 jr _ Downstalrs Washington and Moridtan Sts.

Enroll This Week This ls dt’cislon tlnie. If voti have been wobbllng a little, nowr's tho tinie tu quit it. Just at thè dnwn of thè new year, you should make up your mimi to a defluite program. l'coision ls all-hnportnnt first--then Comes action. Fear, timldlty, age, la-'k of eduention. no funds. too much speculation—any of these—will retard declslon. Whatever thè rea! or apparent obstacle, now'a th tinte to assert yourself, clalm your rlghts, and to start successward. Enroll this week, if possible. Make thè start. Or. come rlght in New Year' Day or Tuesday, thè 2nd. Enter durlng thl openiug week, or as soon as you can get. your affairs arrangod. Attend Indiana Business College at Marion, Muncie, Logansport, Anderson. Kokorno. I.afnyette, Columbus, Richmond, Vineennes, Crawfordsville, perù or Indianapolis. Chns. C. Cring ls president, and Ora E. Butz, genera! manager. Make thè rlght declslon now and by 1924 you’ll bo reaping resulti) Gel In touch with tho polnt you prefer, or see, write, or telephone Fred W. Case, Principal. Pennsylvania and Vermont-. First Door Nnrth Y. W. O. A., Indiannpoll*. .

Interest While You Investigate Your funds may just as well be earninp interest while you are investigatine that new investment you are contemplatine in rea! ostato, bonds, stocks or a private business enterprise. Place your temporarily idle funds in one of omr Demand Certifìcates of Doposìt and interest begins at once, at thè rate of 3 per cent per annum. You may withdrnw your funds with interest for every day they have beon with ns, whether they have remained a few days, a few months, or for a longer period. Put your idle funds to work in one of our Demand Certifìcates of Deposit. Jfletcfjer Sabino# anìi Cntst Companp Northwest Corner Market and Pennsylvania

The Indianapolis Times

score of smaller craft, all of w T hlch could do nothing but put about and head into thè storm. Salt encrusted spars r.parkling In thè sunlight, thè liners made port with harrowing,- tales of thè wonder . and terror of thè seas. These vessels were on “Christmas” voyages, but their passengers had to have impromptu celebrations on board. ATTEMPT TO WRECK TRAIN IS AVERTED Santa Fo Flier Brouglit to Stop Ten Feet From Loosened Rail. By United Presa JOLIET, 111., Dee. 26.—An attempt to wreck Santa Fe flier No. 5, westbound, was folled near here last night. Passengers were shaker when thè train was brought to an abrupt halt ten feet from a torn-out rail. Two men were seen tearing spikes out of thè tracks as thè train ncared, according to thè englneer. TWO INJURED IN CRASH ON N. SHERMAN DRIVE Two persons were lnjured and two automobiles were badly damaged In an aeeldent last night in front of 833 N. Shennan Drive. Harvey Yensel, 35, of 3834 E. Michigan St_. was driving south, and Clifford Fredlks,, 21, R. R. H, box 32, was drlving north. Mrs. Yensel was severely cut about

thè head and face. Oliver Todd, 6, of Bainbridge, Ind., riding with Fredriks, suffered a cut on thè forehead. f Nothing Holidays Thana “Partrìdge Ham” We Are INDIANA DISTRIBUTORS “Correct Merchandising”’ SIMMONS FULL SIZE BED SIMMONS LINK SPRING 45-POUND MATTRESS $18.95 $1.95 Down, Balance Weekly FAMOUS FOR OUR 3-ROOM OUTFITS. $98.75 925-927 VIRGINIA AVE.

$75,000.00 Being thè Unsold Portìon of Preferred Stock Price SIOO.OO Per Share—Par Value SIOO.OO KAHN TAILORING CO. OF INDIANAPOLIS Tax exempt in Indiana and not subject to Norma] Federai Incoine Tax. Drvidends paratie quarterly on thè last day of March, June, Septetaber and Deceaabcc. Offered Direct to thè Investor

*Business —The Kahn Tailoring Company has been in business continuously since 1885 in thè making and selling of high gradc made-to-measure clothes for men. It empioys one thousand pcople, and is today among thè largest concerns in its line. Its produet is distributed through tbousands of dcalers in every state in tbe Union and our territorial possessions. *Purpose of Issue —During "thè present year thè Kahn Tailoring Company took over thè accounts of a large Eastern firm'and a Chicago coneem, both in thè same line of business. With thè increased volume contribnted by these concerns, thè Company is at thè present rime enjoying fbe largest business in its history, and thè additional capitai is required to provide for tbe present increased volume and prospettive further growth of thè Company. Eamings —The average eamings of our Wholesale and retail business covering a period of thè past ten years is equivalent to approximately four rimes tbe annual interest reqnirements on this issue of $500,000. Our immediate eamings due to increased volume and economies ef~ fected are decidedly greater. Financial Condition —Tbe Company’s asseta over all liabilities on completion of this financing will exceed two and onehalf times tbe amount of this issile. The total qukk asseta represented by inventories, accounts and bills receivable, cash and securities at fair market value are far greater fhan all liabilities and outstanding preferred stock.

Approximately $200,000 of this iseue ha# been txchanged lor thè outetandirg Preferrod Stock. $225,000 kae been oubecribed and tke baiane* of SHSpOO now betng atfored thè pabtic. SMITH, RESISTER, HORNBROOK & SMITH, Legai Appnmd THE UNION TRUST COMPANY OF INDIANAPOLIS, Registrar Send Subscriptions to thè Treastuer of KAHN -TAILS?R]N<G - CQ CAPITOL AVE NUH AND ST. CLAIR STREET INDIANAPOLIS, INDIANA NOTE—This <'iitire issue is being sold by thè Company without expense. This advertùement ia paid for by th@ ofhcers of thè Company.

u y-the-Be s t-There-J 4 On thè Best Guarantee in thè World That Your Glasse* Will Fit l’ay-AH-You-Wear-Them A Guarantee of Fit and of Quality DR. C. R. WEST 242 Indiana Ave. Fiata Hotel Bidg. Half Bloek Ohio and 111. Out of thè Iligh-Bent Distrlct. To what better use could you put your Xmas money tlian a pair of Hoosier Glasses? Reasonable prices. Satisfaction pruaranteed. Hoosier Optical Co. 148 N. ILLINOIS ST. Open Saturdays Until 8 P. M.

Office Fumiture We have one of thè largest as- 1 pogiaarpr f 11 sortments of every style desk I help you in thè proper selection. pA— 1 Fire and burglar proof safes and mihh FIXTURES FOR STORE, OFFICE AND BANK AETNA CABINET COMPANY Display Rooms, 321-29 W. Maryland St., Indianapolis.

Inerease Your Earning Power Move Up to a Better Position Join a Night Class In Anto Mechanics Acetylene Welding Alito Owner's Course Radio Telegraphy liiKker Accotinting Commercial Art Business English Bookkeeping Business Arithmetic Salesraansliip Ilrafting Shorthand Show Card Writing Typewriting Public Speaklng liictation Work Traffic Management Vtilcanizing Courses Free to All Ex-Service Men and Women Regardless of Race or Creed New Term Opens January 2, 1923, Cali MA in 3027 Knights of Columbus Ex-Service Men’s School 113 East Maryland St.

The Certificates Proride —(A) ThaT no dividends can be paid on thè common stock, until there has been accumulateci and set aside in thè surplus account an amount eqnal to tbe preferred dhnidend requirements for a period of óve years, and such surplns shall not thereafter be drawn opon to pay divkknds on thè common stock. (B) That thereafter no drvidends can be paid on thè common stock, unless thè eamings for tbe preceding fiscal year have been at l<a*t doublé tbe amount Decessary to pay thè preferred dividendi, and an amount equal to one yearis preferred dividend requirements has been added to thè surplus which shall not be available for dividends on thè common stock. (C) Out of thè surplus account. beglnning in thè year 1927, not less tban $25,000 shai] be expended in purchasing for cancellation, preferred stock on thè open market at thè best price obtainable, not in excess of 110% of par, and if not so obtainable then by cali at 110%, of par, plus accrucd dividends. (D) That thè company will maintafn quick a&sets consisting of inventories, accounts and bills receivable, cash and securities at their fair market value at least equal to die sum of its total liabilities to creditors, plus thè face value of its preferred stock at thè rime outstanding, and rotai assets equal to at least one and oné-half rimes such sum.

DEC. 26, 1922