Indianapolis Times, Volume 35, Number 197, Indianapolis, Marion County, 31 December 1923 — Page 14

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CHARITIES HAVE SUCCESSFUL YEAR (Continued From Page 13) life of the city have been revealed. For example, there is a widespread violation of the laws regarding the Felling or giving of cigarettes and toLacco to minors. An appropriation of $ 140,000 has been made by the county council for the erection of anew colored orphanage, which will make possible that some kind of adequate care will be Clvcn to those colored children who may need to be placed in an institution. • • • Health ■pr - ! URING the var Dr. E. E. I 3 Hodgin. president of the city board of health, and Dr. George Edenharter, superintendent of the Central Hospital for the Insane, died. Both had given long and faithful service in their respective fields. Mavor Shank has appointed Sol Schloss as the new president of the city board of health. Mr. Max A. Bahr succeeded Dr. Edenharter. The health committee of the Chamber of Commerce, of which Arthur Jordan is chairman, made a significant study of health conditions in the city. The report declares that maternity service for mothers apparently does not exist in our city. The Public Hearlth Nursing Association would be willing to undertake this work if funds were available. The serious housing situation Is emphasized in the report. A survey of crippled children made by the Public Health Nursing Association brings to light the cases of 323 children seriously needing attention. Four of the nurses on the staff of the society have been given special training in the home care of crippled children and the organization is, so far as possible, visiting the homes of these children. The beginning of the year saw the James Whitcomb Riley Hospital for Children in a position financially strong enough to undertake the construction of the first administrative unit. Building progress has been so rapid that the unit stands now practically completed. The second large unit of the hospital proper was started during October. The unit will cast about $400,000. Steps have also been made to surround these buildings, together with other university buildings, with a 120-acre park. The city of Indianapolis Is providing this park. It is expected that the hospital will be opeffed next summer and when opened will have a capacity for 120 patients. When finally completed the hospital will care for 350 children at one time. The most serious health situation confronting the city has been that of the mentally ill. This year 13$ people with a mental illness have been thrown Into the Marion County jail. There is urgency for a ward at the city hospital for the treatment of such patients. The new children's building at Sunnyside Sanitarium has been put in operation this year, together with some other additional facilities, for continuing the fight against the encroachments of tuberculosis In the tounty. Attention to child health, particularly in the field of nutrition work, fees continued throughout the year, farkuis health and educational agencies such as the Marion County Tuberculosis Association have combined for the purpose of holding a child nutrition Institute in Indianapolis in January.

Family Life S a result of State legislation assistance to certain mothers i___ and thetr children has been mad-? possible. An advisory commit lse has been created by the board of children’s guardian* aid ’he Judge of the Juvenile Court to pas? upon these casts This is in line with legislation throughout the country, that the best place for mothers with children <s. In her own home. The most salient development In the field cf private and social effort has been s consolidation of the following agencies Into *he Family Welfare Society: Charity Organization tJoclety. Mother’s -did Association, Children’s Aid Association. Juvenile Protective Association and Summer Mis sion for Sick Children. Mr. TV. H. Insley Is the president. The Family Welfare Society has started a Legal Aid Bureau, In order to furnish free legal advice or advice at a nominal fee for those who cannot pay the regular fees for such rervice. Evidence of the fact that other agencies, as well, are placing Increasing emphasis upon case work la that the Catholic Community Center has moved to anew and more adequate location and that the Jewish Federation has taken on a worker to develop case work with Jewish families and to handle recreational problems. • • • Needs OHE most serious need rests In the field of mental Illness. It has been pointed out that a ■ward Bhould be added to the city hospital. A psychiatric hospital should also be added to the Robert Long Hospital. Facilities should be developed for earing for the chronically ni and provision should be made to keep old couples together during their last days. They are separated at the county poor farm. The detention home for children is very Inadequate Funds should be appropriated for the right kind of bullaing, constructed on modern lines. There Is a need for an employment bureau. Unemployment is becoming serious. The city council, during the year, refused to appropriate funds to establish such a bureau. The question of housing and overcrowding should be given serious consideration. Access Is Easy More cities of 80,000 population can be reached In a night's ride from Indiana polls than from any other city on the North American continent. Activities Center Here Indianapolis Is the National head* of the American Legion. ore labor unions have national or Btematlonal headquarters here than si*t>y other olty.

Hurley Urges More Business Boosting m EDWARD N. HURLEY “Business in 1924 is going to be good if we make it good,” says Edward *N. Hurley, former chairman of the United States Shipping Board. PROSPErtOUSNEW" YEARFORECAST (Continued From Page 13)

Reserve board of Chicago for the es tabllshing in Indianapolis of a branch Federal Reserve Bank. Industry Active Industrial plants in Indianapolis report an Investment of more than $230,000,000 compared with $87,500.000 in 1914. In the same period the *otal value of manufactured products attained in a'single year a grand total ol $427,000,000, more than three times the value of the Industrial output of the city eight years ago. The leading industries of Indianapolis in point of value of manufactured products in the last year were meat packing, automobiles and accessories, metal trades, and machine shops, food products, wearing apparel. printing, grain and cereal products, furniture and pharmaceuticals. There were 66.000 adults employed :n industrial pursuits In Indianapolis industries during 1923. There have been no strikes nor serious labor difficulties to lnterupt the industrial peace that is characteristic of this city. Added to its accomplishments in other lines and of great benefit to the city in starting another year of progress is the fact that Indianapolis has just been granted an advanced classification as regards fire Insurance rates. The city was promoted from class 2 to class 114 and this will mean a reduction in fire insurance rates n 1924 amounting to more than SIOO,OOO saved to fire Insurance policy holders.

FIFTYGREAIEST EVENTS OF 1923 (Continued From Page 13) Constantinople; exchange of populations ordered between Greece and Turkey. Greeks In Turkey be* Ing ordered to Greece and vice versa. August 2 President Harding dies. 3 Vice President Calvin Coolldge takes oath of office as President. 24 Air mall plane spans United States In twenty-six hours and fourteen minutes. Sl—United States and Mexico resume dlpJomatlo relations. Italian fleet bombards Corfu, killing fifteen Greek clvilans; Greece Invokes Intervention of League of Nations. September 1— Earthquake, fire and tidal wave take toll of more than a million kllL* and Injured In Yokohama and Vokio. Disaster said to be greatest In modern history. 9—Seven United States destroyers wrecked on California coast; twenty-two sailors missing. 10—Fifty persons killed In earthquake In Calcutta, India. October 20—Bavarian government breaks with Berlin: takes charge of 12,000 Federal troops garrisoned In Bavaria. 28— Charles P. Steinmetz, famous electrical engineer, dies. 29 National assembly of Angora votes establishment of Turkish republic; Mustapha Kemal Pasha elected president. 30— Andrew -Bonar Law, former premier of England, dies. November 4 Lieut. A. N. Williamson, United States Navy, breaks speed record for airplanes, traveling 266.58 miles an hour. 9—Bavarian monarchist outbreak crushed; General Ludendorff arrested. 18—Premier Poincare announces France will not evacuate Ruhr until Germany has executed every clause In Versailles treaty. 23—Chancellor Stresemann’s ministry falls when German Reichstag refuses vote of confidence. 25 — Dr. Heinrich Albert accepts chancellorship of Germany. December 2 Three villages destroyed and 600 persons drowned In flood caused by collapse of dike guarding Glena Lake In Italy. •—Vera Cruz capital captured by . Mexican revolutionists. 18—The Rev. Dr. Leighton Parks, Episcopal rector of New York, flouts virgin birth doctrine and reopens war between modernists and fundamentalists ta Episcopal ffihurch.

LANDON FORECASTS BETTER BUSINESS

(Continned From Page 13)

and in many industries the showing will admittedly by disappointing, the general business community may look forward to 1924 without serious misgivings. Steel, as a barometer of better business conditions, is perhaps not as encouraging as we would like. But such positive indications as it does give are on the whole cheering Prices are pretty firmly held, an indication of belief on the part of producers that the present slack market is temporary. December orders are in better volume —railroads, manufacturers. and building contractors all showing a disposition to cover considerable anticipated requirements In addition to substantial present needs. Pig iron, after a record year's production, is quiet, but most furnaces are reported to have a good amount of contracts for the first quarter of 1924. Agriculture Improving The agricultural situation is undoubtedly Improved generally, although the spring wheat States present an exception which has been overemphasized in its Importance. Crops the country over have been good, and have moved at better prices. The farmers' buying power has undoubtedly Improved during 1923. This is reflected in the Improved condition of the manufacturers of agricultural implements and in the greatly increased sales of the large mall order houses. The credit situation so far as the legitimate needs of the farmer is concerned is easy. Indeed basic conditions in agriculture are so sound that the danger is that more credit will be extended to the farmer than he can use without taking improper speculative risks, such as those involved in the holding of crops. Speculative risks are just as dangerous for the farmer as for the manufacturer or business man.

In the face of the large business by the mail order houses, the statisticians of the National Retail Dry Goods Association report that the increased volume of business in that line is less than is normally expected from the mere Increase of population. It is reported from many cities that the effort to stimulate retail buying by intensive advertising, “sales,” and in other ways, has been apparent even In the midst of the holiday buying season—a distinctly abnormal situation. One is led to wonder whether the high wages so prevalent in these days are an unmixed blessing—whether the ultimate consumer is not beginning to realize the inevitable relation between high wages and high prices. British economic journals have voiced recently the belief that the United States is the dearest of all markets to buy in. Weight is lent to this statement by the 20 per cent decrease in the American export of cotton cloth for the first ten months of 1923. Os necessity foreigners take our surplus food products and raw materials Just now. but they can not buy our manufactured products as freely as they would like because we have built a tariff wall around ourselves which prevents them from paying for their purchase* in the only way they can pay us. by an exchange of commodities. So the net result of our mistaken policy Is to raise prices artificially at home, and shut off from our manufacturers and ultimately from our farmers, the market for their surplus product*. In this connection there is additional significance for thinking people in the fact that in 1923 for the first timS on record our imports of so-called agrl cultural products exceeds our exports In the same classification.

More Trade Necessary James Farrell, president of the United States Steel Corporation, and j one of the world’s shrewdest and most i competent maritime traders, gave en- | ergetlc expression recently to the j need of America's developing to the I utmost her “secondary” foreign mari w-hen he said: “Our participation In foreign trade Is not now, and never has been, merely & matter of preference on our part, or even a matter of convenience. On the contrary. It has been a matter of eoonomio necessity. We must. In any case, go on with the development of our foreign trade • • • to absorb our surplus production." Abnormal world trade conditions since the World War have somewhat obscured this necessity In American thinking, but the time is rapidly Approaching again when our mlstalren high tariff policy will show Its evil effects on all classes of producers. One of the most satisfactory things one finds to record of 1923 is the good showing of the railroads. Good general business has improved earnings, and efficient management has reduced operating costs. Only a confirmed optimist would have had the courage a year ago to predict that the carriers would be able to appropriate In 1924 more than a billion dollars to the Improvement of their physical properties. The result has been that the transportation systems of the country have met amazingly the heavy traffic burden imposed by the country’s big business. It now seems probable that the car loadings for the year may reach the enormous total of 60,000,000, an increase of 12 per cent In spite of this good showing, however, the railroad problem continues to be one of the serious menaces to sustained prosperity of the country. Continued harassment of the carriers by national and State authorities has produced an attitude of doubt In the investing public’s mind toward railroad securities. What Wall Street speaks of as “the vanishing railway market” is a matter of serious concern to all interested In the business outlook. The capital structure of all the railroads is top-heavy with bonded lndebtedeness. In a period of general business depression this means certain disaster. It has been a long time since even the most seasoned railroad has dared to go into the market with a stcck Issue to meet Its new capital requirements. In this connection it will be very Interesting to watch the result of the New York Central's announced Intention of trying early in 1924 this method of restating some sort of proper relation betipsen Its stock and bond capitalization. Foreign Situation Dark The foreign situation has gone from bad to worse during the yegg and continues to be the darkest cloud dls-

THE INDIANAPOLIS TIMES

cernible so far as future business Is concerned. About all that can be said of an encouraging nature about it la that there are some Indications of constructive effort to at least define the problems to be met. The apparent success of the Austrian experiment has inclined many to think that along that line lies the way to solution of ♦the German mess. The problem Is so much larger and more complicated, however, that It is doubtful whether the same method will apply. The thing that can be said with certainty is that as long as the European muddle continues It is a menace which must always be taken into account in our own business plans. So far as the banking situation itself is concerned it can best be described as comfortable. The basis of credit is so broad that there is no reason why the bankers of the country should not be able to meet the requirements of expanding business as it comes. With Federal reserve gold holdings so large as to be a matter of embarrassment the only word that needs to be spokejr is one of caution to bankers. Easier interest rates are warranted, and in the judgment those best informed" are certain to materialize. It goes without saying that _ they will he a stimulant and a benefit to business if not abused. Deflation as we had it in 1921 was a consequence of over expanded credit. There has been a vast flood of Ignorant nonsense talked about the action of the Federal Reserve Bank in clamping on the brakes at that time. The action was entirely warranted and saved the business com-

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BlllPl DnuUJfar ©meetings x At This a v -* J Season May We Wish N. X Each of You —Our Subscribers v ) And Our Friends — _A Happy New Year S and that Hea Ith — i 1 Prosperity —Happiness and ; Good Cheer May Be Yours | Throughout the Coming Year. t INDIANA BELL TELEPHONE COMPANY f '' PHIL M. WATSON Division Commercial Manager

munity from a much worse calamity. The more the situation is studied the more amazing it is how successfully deflation was accomplished, and how little serious damage resulted. We have had our lesson. If we are mindful of it, and keep the ship of business well before the wind of prosperity when it begins to blow we shall run a long and successful course. If we crowd on too much canvas and steer a reckless course in the effort to get ahead too fast, the inevitable result will be trouble. CHURCHES REPORT YEAROFGRBWTH (Continued From Page 13) any work with which any of us might be engaged. The churches of Indianapolis constitute an increasingly important factor in the life of this city. This Is a city of churches and of church people. The churches are well distributed and well attemk'd. A representative of the Federal Council of Churches recently visited sixteen of our Indianapolis churches on a Sunday morning, for the purpose of takeing note of the attendance and so far as a moment’s observance would permit him, noting the Interest

manifested in the services. The day was most unfavorable, there being a downpour of rain throughout the entire morning. Yet, this investigator reported a large attendance at every church visited, and in a number of these, almost every seat was occupied. The churches of this city axe well supported also. The amount of money contributed by them has perhaps doubled in the past four years. The salaries received by the ministers have been greatly increased, while many of them are still too low. The churches have also been liberal In helping outside interests. No appeal Is made for any worth-while enterprise that does not come first of all to the church. This is not said in criticism: we recognize this as a compliment to the church, and are glad to say that the churches respond generously to these interests. Unity Is Greater Wo rejoice In the growing sense of unity and the increasing spirit of cooperation among the churches. Our problems and responsibilities are largely the same. Much of our work jan be done together even better than In separate groups. Many of the problems of the past have been solved by Christian people working together, and many evils have been gotten rid of through cooperation. The positive and constructive wor kof the church can be carried on in a spirit of cooperation Just as well as can the work of opposing and fighting vice. The churches of this city during the year 1923 have been blessed of God and the future is full of hope.

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MONDAY, DEC. 31, 1923