Indianapolis Times, Volume 35, Number 30, Indianapolis, Marion County, 15 June 1923 — Page 16

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WOMAN INJURED; CYCLISTESOAPES Police Start Search After Accident, Police are searching for the driver of a red motorcycle who failed to stop after striking a woman Thursday night near the entrance to Broad Ripple park. Walter Harlan, driver on the Ravenswood bus line, was attracted by the screams of a woman. Investigation showed that Bertha Gooch, Fifty Second St., and Ashland Ave„ walking witfr Mrs. Ida Campbell, 6652 Bellefontaine St., was struck by a sidecar on a motorcycle which did not stop. The Injured woman was taken to the office of Dr. G. F. Nesler, 6316 Bellefontaine St., where severe Injuries to her head and cuts on her body were dressed. She was taken home. Motor Police Devault and Okey searched for the driver. MRS. N.E. GRINSLADE DIES Funeral,.Services Arranged for Saturat Heath Memorial Church. Rites for Mrs. Nellie E. Grinslade, 54, 410 Wallace St., who died Thursday night at the Deaconess Hospital after a brief illness, will be held at Heath Memorial Church at 2:30 p. :n. Saturday. Burial will be in Memorial Park Cemetery. Mrs. Grinslade is survived by her husband, Samuel Grinslade, a railroad employe: two daughters and two sons. LOREN HOLLAND MOURNED Sarvices Arranged Saturday Morning a t Residence. Loren M. Holland, 25, who died at his home, 340 N. Noble St., Thursday, will be buried in Crown Hill Saturday following services at the residence at 10 a. m. Mr. Holland was born in Manila, Ind., but had lived in Indianapolis since a child. He had been employed by the Kahn Tailoring Company for seven years. Surviving are the widow: his father. Lyan Holland, and a brother, Enos Holland, ail of Indianapolis. MY PICTURE tek ON EVERY PACKAGE IHI' P. D. Q. W P. D. Q., a chemical (rot an in- j| sect powder) that will actually A rid a house of Bed Bugs, Roach- && es. Fleas and Ants with its properuse impossible for them to exist as it kills their eggs as t-g, well and thereby stops future bB generation. A Sse package makes a quart. Freeapatentspoutinovery package to get them in the hard-to-get- at-placee. Special Hospital /® size (2.50 makes 6 gallons. Your (jz, j' druggist has it or get it for you. P. D. Q. can also bo purchase, in sealed bottles, double strength, linrid form. Sold by Hook Drug Company and Haag Drug Co.—Advertisement.

For Indigestion Mi-O-Na Is Guaranteed to Promptly Relieve Stomach Distress. People go on suffering from little stomach troubles for years and Imagine they hare a serious disease. They overeat and force on the stomach a lot of extra work. But they never think that the stomach needs extra help to do extra work. If these people would take a Mi-O-Na Tablet with or after meals it would be a great big help to the stomach in Its strain of overwork. Ml-O-Na helps your tired out stoma.'h to do its work and banishes the cause. No matter what you eat or drink Mi-O-Na will sweeten your sour stomach and stop gas belching in live minutes. The heaviness disappears and the stomach is greatly aided in its work of digestion. And Ml-O-Na not only promptly relieves all distress but if taken regularly will banish indigestion. Druggists everywhere and The rfaag Drug Stores sell Mi-O-Na on the money back plan.—Advertisement.

WjLm traction August 11, 1522 PASSENGER SERVICE AT INDIANAPOLIS Cinti. Div. Shelby Div. Leave Leave 5:30 3:15 5:00 3:00 6:45 =>*4:4s *6:15 **4:3o ••8:30 6:00 7:30 f5:30 tl0:00 f6:30 **8:10 6:15 •10:30 3:00 9:30 8:15 12:30 9:15 *10:20 9:30 *2:00 11:30 12:00 N. 11:30 *1:15 ** Connersville Dispatch or Greensburg Express •. Limited tTo Rushville or Shelbvville Only Light Face A. M. Dark Pace P. 25. Dispatch Freight for delivery at stations handled on all trains FREIGHT SEBVICE Shelbville Div.— Leave— 4:60 P M. ex. Sunday. ~~ Arrive —12 Noon ex. Sunday. Cincinnati Div.— Leave—‘■*4:so P M. ex. Sunday. Arrive —12:05 P. M. ex. Sunday.

L.E.&W.R.R. Excursion Next Sunday to Michigan City $2.75 t..akt Michigan) Walkerton . . $2.70 (Koontz Lake) Rochester. . $2.35 (Lake Manitou) Returning Same Date Train leaves Ind’ananolis. Fnion Stat'on 0-■><) A. M.: 'Mass. Ave Station, 6:3k a. M A'so low round frin fares, with ’oncer limit, to these and other points. For further information Phone Circle (NOO, Circle 5300, Main 4567, Main 2120. K. C fiscn*. Ass't Genl. Pas*. Agent. Indianapolis. Indiana.

Inspector Advanced to Engineer’s Post

HOMER R. FOXWORTHY Homer R. Foxworthy, senior inspector in the city engineer's department for seventeen months, has been appointed chief inspector to succeed Charles G. Duvall, who resigned. About $2,000,000 In public contraction passes under supervision of the chief inspector each year. He is assisted by a staff of fortyseven field inspectors.

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8-PIECE DINING SUITE, $197.50 This is high quality furniture which must be seen to be appreciated. Included is an oblong table, five ehairs and host’s chair with genuine leather seats, and a handsome buffet, genuine walnut veneer. A wonder which cannot be duplicated elsewhere! terms to suit

3-Piece Living Room Suites, $169.75 Let this one-day of fast selling be your opportunity to refurnish your living room .at a splendid saving! Included is a luxurious davenport, arm chair and rocker, upholstered in velour with loose spring cushions. coil spring construction throughout and roll arms. Convenient terms even at this low price.

OteM&AQ REFRIGERATOR “A Life Preserver for Foods.” Alaska refrigerators are models of B cleanliness and sanitation in every respect, and have a patented circulation which insures you a gTeat saving in your ice bill and the keeping of foodstuffs. VIC--513.95

4-Ft. Porch Swing, $2.98 LAWN SWING, $9.89 Adjustable Back, Large, Roomy Seats

SMOKE ORDINANCE DISCUSSED AGAIN Opposition Expected to Fee Clause, Manufacturers, members of the Chamber of Commerce smoke abatement committee, and representatives of the Scientech Club were to meet at noon today for a final discussion of the smoke abatement ordinance drafted by Theodore Weinshank of the Scientech Club. It was expected opposition would be met on a clause which provides for fees to be charged for the Installation of new equipment or alteration or reinspection of old equipment. The manufacturers assert that since

Specials for Saturday TENNIS t P i TENNIS n * HIGH $ g -15 LOW XK/i SHOES SHOES MODICA SHOE STORE 1031 Virginia Ave.

NEW PERFECTION Oil Cook Stoves and Ovens Cabinet Top Extra. Perfect Baking Hundreds of our customers who uso these famous Blue Chimney NEW PERFECTION Oil Cook Stoves tell us that they bake perfectly. Their quick-lighting, clean-burning flame is instantly controlled to any heat you want. One to five-burner sixes In stock. Come in and let us demonstrate. Two- PA Three- d\o CA burner pll*DU burner b„Ter $29.50

THE INDIANAPOLIS TIMES

Meetings Here Saturday Indianapolis Rotary Club. Luncheon. Severin. Torrington Electric Company. Dinner-dance. Spink-Arms. Sigma Alpha Epsilon. Luncheon. .Seventh Moor C. of CAltrusa Club. Luncheon. Lincoln. Beta Luncheon. Board of Trade.

the ordinance is for the good of all Indianapolis, permits and inspections should be made without cost. Weinshank said that in other cities a small fee Is charged. Fallowing today's meeting the ordinance will be presented to the civic aid committee of the Chamber of Commerce for consideration Monday.

Kitchen Cabinets $34.50 Save many unnecessary steps and weary hours of labor in the kitchen. All of the latest labor saving devices are Included in this well designed kitchen cabinet. Made with poroelaln top. And the price is moderate in the extreme.

Davenport Table* $18.75 The type of davenport table which will add considerably to the appearance of any living room. Beautifully finished in mahogany—and designed to command immediate admiration. A startling value!

NEWSPAPER MEN TELL MISSION OF U. S. PRESS Pictured as Institution of Public Benefit. Newspapers are human institutions, and are liable to error, but it is a mistaken idea that newspaper men are cynics, said Lot Lee and Earl Muhlitz. Indianapolis newspaper man, in the Third Christian Church, Sixteenth St. and Broadway. Both asserted that newspapers frequently are misunderstood by pastors

Buys All the Mlfl/C WALL (O) Hlll,i PAPERS# For Entir e Room L>n7 1,000,000 ROLLS The QrgH WALL PAPER Kin * £ • HOT, Stßiffr *gl P Price Per Room \\ m 4,82 cto $4.00 HEADQUARTERS _ . ~~ Hay ton, O.lndianapolU. md. IM DCD ? i . t , Chen ’ Covlngton.Ky. Hamilton, O. HR I Jul\ Dining, Library,^ Richmond,lnd. Newport,Ky. * Jpg'S ra/NI I Living, Hall, Cincinnati,!). Louisville,Ky. 'MSMjSH.ULL Bath Rooms . MOIRE ; bcJrder. oatmeal - I CEILING 5c R °" 3 Va c per Yd. I 9c""lrlsc I NjX FREE! CATALOG MAILED FREEI OipARTiN P,OiEI®ERSER H BFQ■ 210212 N ‘ DELAWARE 0 3 UfiLu, 421-423 W. WASHINGTON — 1 liWiMllilll ill ■>! jII 111 |l iiMl | Hill in Hill'Mi I

$50,000,000 Illinois Bell Telephone Company FIRST AND REFUNDING MORTGAGE 5% GOLD BONDS, SERIES A Dated June 1, 1923. Due June 1, 1956, Interest Payable June 1 and December 1 in Chicago or in New York City. / Coupon bonds in denominations of SI,OtX), SSOO and SIOO, registrable as to principal. Registered bonds In denominations of SI,OOO, $5,000 and SIO,OOO. Coupon bonds and registered bonds, and the several denominations. Interchangeable. v Redeemable at the option of the company. In whole but not In part, upon 60 days’ notice, on June 1, 1929, or on any interest date thereafter, at the following prices with accrued interest; If on or prior to December 1, 1952, at 105%, aJid if subsequent to December 1, 1952, at par. FIRST TRUST AND SAVINGS BANK, CHICAGO, TRUSTEE. W. R. Abbott, Esq., president of Illinois Bell Telephone Company, has summarized as follows his letter to us stating the particulars in regard to this issue: Illinois Bell Telephone Company does all of the telephone business in the city of Chicago, and owns and operates a comprehensive system of exchanges and toil lines serving, with its connecting companies, practically the entire state of Illinois. nicer bonds axe to be secured by a first mortgage on all the real estate, buildings and telephone plant of the company In the state of Illinois, with the exception of certain property recently acquired from the Southwestern Bell Telephone Company at a cost of approximately $543,000. Upon the satisfaction forthwith of the existing honded debt, including the $19,004,000 first mortgage 5% bonds due December 1, 1023 (issued nnder the name of Chicago Telephone Company), and the retirement of $15,530,179 three-year 5% mismired notes of the company, from the proceeds of these bonds, the $50,000,000 series A bonds wiU constitute (be company's sole funded debt. In comparison therewith, the book cost of the real estate, buildings and telephone plant of the company was approximately $733,000,000 on March 31, 1923, and the total assets amounted to over $143,000,000, which figures .will be substantially Increased by the balance of the proceeds of this issue to be utili. ?d for additions and betterments. Itfc present value of the company's property Is greatly til excess of its book cost. The situation with respect to the company's franchises is generally satisfactory. A franchise for the city of Chicago was granted tn 1389. In 1907. anew franchise was granted for a twenty-two-year period, expiring In 1929, and there is no reason to believe that it will not be renewed on n satisfactory basis. The existing franchise contains a provision giving the city the right, at the expiration of this franchise, upon giving twelve months* previous notice, to purchase the property of the company located within the city, paying there'i’or In cash the cost of duplication ai thut date less depreciation, but without allowance for earning power or franchise value. On March 31, 1923.' the book cost of the physical property of the company located within the city of Chicago was in excess of $92,000,000, which cost is much less than the present value of the property. The income aeconrrt of the Illinois Bell Telephone Company for the past ten years hXh been as follows, earnings prior to December 1. 1920, not including earnings from the properties then purchased from the Central Union Telephone Company:

Tear ended Deo. 31 1013 1014 1015 1010 1017 1018 1010 1020 ltfcsi 1022

During the past ten years the company's net earnings available for Interest have averaged over three times th* interest charges and in no one of the*© years have they been less than twice such interest charges. During each of the years 1021 and 1022, net earnings available for interest amounted to more than three times the annual Interest requirement* of $2,500,000 on these bonds. Adequate charges have been made annually against earnings for depra* elation and obsolescence. f . The company ha* outstanding $60,000,000 par value of capital stock (to be increased presently to $70,000,000), more than 08% of whiph is owned by the American Telephone and Telegraph Company. Dividends on this stock, as outstanding from time to time* have been paid in every year since 1881 at the rate of at least 8% per which is the present rate. *•' The mortgage will provide for sinking fund payments to a trustee at the rate of $250,000 semi-annually, beginning Dec. 1, 1928, such payments to be used In purchasing Series A bonds if obtainable at not exceeding par and accrued interest, otherwise to be used for capital expenditures with respect to property to be covered by the mortgage, and against which expenditures no bonds under the mortgage will be Issuable as long as any Series A bonds are outstanding. , THE ISSUE OF THE SERIES A BONDS HAS BEEN AUTHORIZED BY THE ILLINOIS COMMERCE COMMISSION. The above bonds are offered for subscription, subject to due authorization and to issue as planned and to approval of legality by counsel, at 95*4% an d interest, to yield over 5.30 per cent. Subscription books will be opened at the office of J. P. Morgan & Cos., at 10 o’clock A. M., Friday, June 15, 1923, The right is reserved to reject any and all applications, and also, in any case, to award a smaller amount than applied for. The amount due on allotments will be payable at the office of J. P. Morgan & Cos., in New York funds, the date of payment to be specified in the notices of allotment, against delivery of temporary bonds, exchangeable for definitive bonds when received from the company. Chicago Telephone Company first mortgage 5% bonds, due December 1, 1923, with final coupon attached, will be accepted in payment at 100% and accrued interest to date of payment, J. P. MORGAN & CO. * KUHN, LOEB & CO. FIRST NATIONAL RANK, NEW YORK KIDDER, PEABODY & CO. BANKERS TRUST COMPANY, NEW YORK THE NATIONAL CITY COMPANY HARRIS TRUST & SAVINGS BANK, GUARANTY COMPANY OF NEW YORK CHICAGO, ILL. ' * LEE, HIGGINSON & CO. Dated June 15, 1925.

and members of churches who are unfamiliar with journalism and mission cf the press. It is a mistaken idea that the reporter and editor are devoting thoughts and time to the gathering of news and publishing it irrespective of result. It was contended th.l* newspapers do work for public benefit, just as the church. Barbers Elect The Boss Barbers’ Association has elected Charles Morgan, president; Lee Dynes, vice president; Noah Anglin, recording secretary, and Guy D. Rock, secretary-treasurer.

Grow revenues $15,551,53$ 16.512,418 17,711.855 19,769,56$ 21.051,404 • 33,361,41$ 44,748,802 48,160,798

•Property nndeT Federal control dnrlng portion of year.

STATE SAVES PAY CUT Orr Reduces Salary of Secretary to State Accountants S7OO. Reduction of the* salary of secretary of the State board of accounts has made for the State a saving of S7OO a year, it is pointed out in a letter from Lawrence F. Orr, chief examiner of the board, to Governor McCray. The salary was reduced by Orr from $2,700 a year to $2,000. Official notification of the appointment

We Trade Actively in All Local Issues, Including — Citizens Gas 7’s of ’27 Citizens Gas s’s of ’42 Citizens Street Railway s’s of ’33 Indianapolis Light and Heat s’s of ’4O Indianapolis Water 4 x s’s and 5 1 /2 , s Indianapolis,'Columbus and Southern 6’s of ’4B Indiana Coke and Gas 6’s of ,’46 East Chicago and Indiana Harbor Water s’s of ’27 C. I. & W. Equipment Trust s’s of ’24 Belt Railroad Common and Preferred Offer Us Your Bonds Trading Department ® Fletcher American Company Second Floor Fletcher American Bank Bldg., Indianapolis . Chicago Detroit Louisville South Bend Private Telegraph Wire to Principal Financial Market*.

Net earnings available for Interest $3,605,968 8,523.671 4.122.569 4,305.750 8.541.569 4,314,084 4,031,842 2,697,843 7,668,279 8,425,665

FRIDAY, JUNE 15,1923

of Homer Kimberlin as secretary waa submitted to the Governor. Jesse E. EscbVrfich, former chief examiner, is said to have increased the salary at Intervals. Man Robbed in Barber Shop Pete Crawford, 49, colored, 990 Indiana Ave., told police he went to sleep In a bath tub at a barber shop and when he awoke someone had taken SSO from his trousers. Frank Robinson, colored porter, 610 N. Missouri St., was arrested an a vagrancy charge.

Interest charges $060,414 058,075 059,521 981,165 1,003,571 1.079,189 096,668 1,271,383 2,042,327 2,072,036

Net Income $2,686,554 2,670,596 8,168,048 8,414,583 2,447,098 8,234,805 8.083,179 1,426,460 5,625,653 6,353,629