Indianapolis Times, Volume 36, Number 202, Indianapolis, Marion County, 1 January 1925 — Page 2

LESSONS AIM OF endment Giving Credit for Religious Education to Be Proposed, Principal interest of Indiana Council of Religious Education the past year has been development of week-day Bible instruction, according to E. T. Albertson, executive secretary. An amendment to the 1922 school law, providing credit for instruction in the Bible, up to 120 minutes a < k, for children whose parents or guardians desire them to be taught, will be introduced in next Legislature. Bill provides that a church or organization direct the teaching and no public funds be used. H. N. Sherv nod, Stat~ superintendent of public Instruction, is chairman of a confidence, \Vhi£h meets Jan. 13, to lay plans for making possible week-day r- Hgious education for every child. Schools Well Attended Recommendations of national edky tiion committee, approved by the jpeal board, provide that the church, ■me and school cooperate; that proper physical equipment he provided; stress the importance of separation of church and State, and em,size importance of proper administration. Reorganization of the council so every denomination is officially replied on the board, is one of the important accomplishments this year.” Albertson said. "We have stressed the value of religious education as it finds expression in community and summer schools. More than 8,000 attended such schools during the past summer. A winter school at the Y. W. C A., under directiorr of Prof. W. p.' Morro, dean, haC had heavy attendance. y Winona Plans Laid 'Forty vacation Bible schools for children were held in Indianapolis This year. More than 10,000 children in Indiana received week-day ■'.hie instruction, in addition to those under parochial supervision.” Sunday school conferences and conventions were attended by 175,060 persons. “Every Sunday school a standard school” was the slogan adopted. Training of teachers was stressed. ~ The State convention at Winona, June 16-18. promises to be one of the largest and most practical ever held. Records show a Protestant enrollment of 800,000 in Indiana Sunday g-e bools. Average enrollment in a I'ounty is 23 per cent of population.

! EAGUE-FACES BIG PROGRAM IN 1925 Irganizatipn Now Firmly Established, Secretary Says—Afms Conference Scheduled for Spring.

Bsntry wood Staff Correspondent >24, by United Press - Dec. 31.—The Deague ins is here to stay, is the declaration of imond, general secreeague of Nations, in ntervlew granted the sked me what jire the :he League of Na- ” said Sir Eric. “In an answer to that ould have to be a now what are the inospects of the world ear. since *he league fifty-fivß nations and ■ intimately bound up with those of its members. “The league is now firmly established as/ a recognized international § tanizat ion. I believe if you asked I spresentatives of the governments any of those fifty five States to 1> inch I have referred, they would fL 'dare that they could, only with ■kffieulty, imagine a world in which Rp League of Nations existed and ft at the disappearance of the league SB I Id create a void which would Hmediately have to be filled. In a Eft'd, if it could be imagined that present league ceased to funothe nations would immediately HLeed to create a fresh one. Program for 1925 gg&iot possible to give a satisftcwer to the question which ftut to me without sornejgghg' its phraseology. May way? what is the tvi 1925 as at prqsHl only enumerate * with which the . called upon to deal. and nonpolitical of the league (I will political side in a mowfttce o many activities Htional and economic Hied the political aspects H~. Here it Is really Im-" Hset a definite scope to ■ work. It lies for the H the league to decide ly. problems they will ■ it. Should, as I hope Hi he case, there arise In between sovereign I to threaten peace or avidly relationship beJBL. the league, on an apHrvays be ready to fulfil laid upon it under the Wm and endeavor to maintain |>y assuring a just and equitJPolution of difficulties which fHHgvc arisen. jxjjjjß only definite political probfth which we know that the l&wiil still be- dealing in 1925 /llglof the frontier between Turjjflftsbe Irak territory. iiH ca *® lm Porta ll ! mission jjpsent mit by the league

_-a • HOUR by HOUR Wirm THE CONVENIENT PROGRAM FOR THE RADIO FAN. M ggm know what’s in the air any hour, times prowLlmShJß ML. ml GRAMS START DAILY AT 5:30 P. M. AND CONTINUE FOR TWENTY-FOUR HOURS. - (ALL CENTRAL STANDARD JIME) i

Today’s Best Copyriyht, 19H,'bv Uhited Press WEAF, New York (492 M); WCAP, Washingtqjß (469 M); WJAR, Providence (360 M; WNAC, Boston (278 M); WDBH, Worcester (286 M); WGR, Bpffalo (319 M>; WFI, Philadelphia (385 M), and WCAE, Pittsburgh (462 M), 7:30 to- Midnight, 'EST —Louise Stallings, mezzo-soprano; Jorgen Ben-N dix, baritone; John McCormack, tenor; Lucrezia Bori, soprano; Lucien Schmidt, cellist; Stoevings String Qqartette, Salon Orchestra and other prominent musical attractions, including Lopez and his orchestra. , WGN, Chicago (370 Ml and WGBS, New York (316 M) 4 P. M„ CST— Football, Notre Dame vs. Stanford, from Pasadena, Cal. WSBD, Zion (345 M), 3 P. M.,' CST —Concert program. WLW, Cincinnati (432 M), 10:30 P. M„ CST—Musical program. KYW, Chicago (336 M), 10 P. M., CST—New Year’s party at home. Radio Programs THURSDAY, JAN. 1 % 5:30 P. M.—KDKA (326). East Pittsburgh—Dinner concert. WBZ (337). Springfield Hass. —Dinner concert. WCAE (462), PittsbuTh —Dinner music. WCCO (417). MinceapoUe-St. Paul —Children’s hour, dinner concert. WGN (370). Chicago—Skeezix time, organ. WGY (380). Schnectady—Lmce music. Ten Eyck Trio. WHN (360). New York —Almanac Orchestra. WOR Newark—“ Music While You Dine.” / 8:00 P. M.—WDAF (411). Kansas City. Mo.—World travel talk. Story Lady. Trianon Ensemble, one hour. WEI (396). Philadelphia—oecial New Year’s program to he announced. WEEI (303). Boson—Bbr Brother Club, musicale. WMAQ (447.5). Chicago—Theater organ. La Salle Orchestra. WOAW (6C6). Omaha—Every child’s story hour. WRC (469). Washington—Peggy Albion stories. 6:05 P. M.—WBZ (337). Springfield. Mass.—Bedtime story. 0:30 P. M. —WCAE (403). Pittsburgh—thle'Kaybee. WDAR (395) Philadelphia—Dream Daddy. WGN (3701. Chicago—Drake Ensemble. Black store Quintet. WLS (345). Chicae o—Orsran. WNYC (520). New York—Police alarms. WOAW (5261. Omaha—DinSilent Ibdai) CKAO—KFGZ—KSD. PWX—WBAV—WBZ. WHAZ—WHO—WJJD. WJZ—WOO—WOS. KOA. " ner concert. WOO (509). Philadelphia —Sports, police reports. 6:45 P. M—WTAYT2B6). Oak Park. m. tnrtK> artists, program, one hour WEEI (303). Boston—Musicaie. WGY (380). Schenectady—Special New Year# program. ■ 7:00 P. M. —CNRM (430). Montreal — Musical program. KDKA (326). East Pittsbgurgh—-Special program. WEBH (370). Chicago—Songs. Oriole Orchestra. WFI "(305). Philadelphia—Mosicsle. WHK (2831. Cleveland—Program two and one-half hours. WOC (484) Davenport. lowa —Sandman's visit. <448 ) Chicago—Special program. (845). Chicago—rLullalnr time. WQJ (448). Chicago—Rainbo Orchestra. tenor, one hour. WRC (469). Washington—Talk by American Automobile Association. John McCormack and Lucrezia Bori. noted opera stars

to a final settlement. Both the British and Turkish governments have pledged themselves to? accept the findings of the league’s couficil. Arms Conference “In the spring there will be the final conference to draft a convention concerning the traffic in arms and munitions and during the year study will continue on questions arising out of the private manufacture of arms. “Similarly, another step will be taken toward the greater clarification' and codification of international law by the appointment of a committee of some of the foremost jurists In the world, to recommend just what steps can practicably be taken to advance the progress already made by the thirty odd. conventions which have been drafted through the league of Nations In many different fields of International life. “Meanwhile the regular automatic, work of the League will continue with increased pace. The permanent court of international justice which already has had twelve cases probably will have an even greater activity this year. , * . “As I have said this is only a bare outline of the main activities of the league for 1926.” BETSY ROSS SHOPS SHOW BjGGRfIWTH Candy Concern Now Has Three Stores. Starting wlth.no previous business -experience and in ten years 1 building up one of the most successful candy concerns in the Middle West is the record made by Mrs. Josephim' Frawley,-owner of the Betsy Ross'* Gandy Shop. Even now Mrs. Frawley insists that she does not understand business, but & study of the development and sucee* es her concern would indicate otherwise. Ten years ago last month the first Betsy Rods shop was opened in a small room on E. Market St. Today the enterprise has grown to a point where three, downtown stores, located at 16 E. Market St., the Claypooi Hotel building and 6 N. Meridian St., end a large, modern, up-to-date factory at 108 S. Capitol Ave., are kept busy supplying the demand. Mrs. Frawley also has added a wholesale department to the busitbTstiT B ° M 10

7:15 P. M.—WLS (345). Chicago—New Year's sleighbells. 7:30 P. M. —KFNF (266). Stenandoah. I oka—Brooks (Iowa) program. WBAP (4761. Ft. Worth—Musicaie. one hour WBCN (266). Chicago—-Selections, musieale. WCAE (463). Pittsburgh—- . New Yea; concert. WCCO (417) Min-neapolis-St. Paul—-Feature talk. WHAS (400). Louisville—Rapp’s Orchestra. ‘Sunday V-liool lesson. WNYC (526). New York—Conoert. WRC (469). Washington Smithsonian Institution talk. WWJ (517). Detroit —Goldkett’s Orchestra. 8:00 P. M.—KFKB (28fi). Milford. Kan. KFKB Orchestra. KYW (536) ..Chicago —’-‘Twenty Minutes of Good Reading.” 'WBCN (260), Chicago—-Classical concert. three hours WCBD (345). ZliK), 111.-' —Organ with vocal numbers. WCCO (417), b/Minneapolis-St. Paul—Radio Quartet. “ WEEI (303). Boston—Gillette's Dance Orchestra. WGBS (316), New. York —Musicaie. WGN (370). Chicago—Classic hour. WHB (411), * Kansas City—Musical program. WMC (500). Memphis—Bedtime stories. Un- * cle Jerry. WSB <429),. Atlanta—Concert. WTAS (286). Elgin. 111.—Terrace Orchestra, songs, four hours. 8:20 P. M.—KYW (530). Chicago—Musical program. New Yea* specialty 8:30 P. M.—WjAA (476). Dallas—Cornfield Orchestra. WMC (500). Memphis—Hotel Chisca Orchestra. 9-00 P. M.—WBCN (260). Chicago— Jamboree, three hours. WCAL (300), Northfield. Minn. —Special program. WEBH (370). Chicago—Riviera Theater. one hour. WOC (484), Davenport. lowa—Sehister Sisters’ Orchestra. WWJ 617). Detroit—GoldkettesvOrchestra. im Sm 'ti I’iiii) 6:3O—WGN—WLS—WOAW. 6:4S—WTAY—WGY. 73)0 —KDKA WHK WQJ —WRC. " 7:IS—WLS. 7:3O—KFNF WBAP WBCN —WCAE. v 8:00—WCBD WCCO WGBS WGN—WSB. 83IM-KYW. * 9:OO—WEBH. 9:3O—WBAP—WRC. 10:00—*K DK A— KGO KHJ —KYW. , T ' 10:30—WGY. , /

9:30 P. M—WBAP (476). Ft. Worth— Musical program. WHN (300). New York—Club Madrid Orchestra. WOAI (385). San Antonio. Texas—Jimmy’s Joys WRC (469), Washington—GWal-dorf-Astoria Orchestra, also broadcast by WJZ. 10:00 P. M.—KDKA (336). East Pittsburgh—Music?J program. KEI (459). Los Angeles—Song redial. KGO (312). Oakland—Musicaie. address. • “New Year Resolutions.” KHJ 395). Los Angeles—Musical program, two hounr. KYW (536). Chicago—Anniversary program ol opening of studio. WCCO (417). Stmneapolis-St. Paul—Lo.ig's OSghestra. WGN (370). Chicago— Dance hour, two orchestras. 10:30 P. M.—WCAY (206). Milwaukee — Arcadia Orchestra, WOY (380). Shenecf ttui^ —Organ. WWJ (617). Detroit—--10:45 f? M.'—WSB (429). Atlanta —Organ recital, musical numbers. 11:00 P. M.—KFI (469), Los Angeles— Program. WEBH (870). ChicagoBarytone. Oriole Orchestra, one hour. WFAA (476). Dallas —Adolphus Or, cheetra. one hour. WHN (360), New York—Parody Club Orchestra, one hour. 11:30 P. M.—KHJ (395). Los AngelesSpecial program. _ X 11:45 P M WDAF (411). Kansas City. Mo. —Nighthawks. one and one-half hours. : 12:00 Midnight—KFl (469 K Los Angeles Orgin KGO (3121 Oakland—-Hal-stead’S Orchestra. KHJ (385), geles—Burnett’s- Orchestra. WBCN (266). Chicago—Popular studio program. FRIDAY. JAN. 2 6:00 A. M. and 6:45 A. M.—KDKA (320). East Pittsburgh—Exercises. 6:30. 7:00 and 8:00 A. M. —KYW (536). Chicago—Morning exercises. “World , Crier” every one-half hour. INDIANAPOUS HAS MOUTTROOPS Camp Property Is Valued at $70,000,, Increase from nineteen to eighty troops, and from 500 to 2,000 members is shown in a ten-year survey of Indianapolis Boy Scouts, Miss Stella Doeppers, secretary to Chief F. O. Belzer, said. Records show 1,864 merit badges issued and an enrollment of 525 in summer catnp this year. ►“Through generous response of Indianapolis citizens the council has acquired property at Boy Scout Reservation valued at about $72,000. More than 140 acres of woodland, fields, hills “and ravines with the buildings make one of the best camp sites in the country,” she said. A winter cabin, accommodating forty soouts. and shower house, representing an outlay of about $6,000, was furnished by Kiwanis Club. Gyro Club set out the flag pole and Exchange Club recently moved the old mess ha!l#whlch is to be fitted up for a work shop. The mess hall accommodates about 300 boys. During the year scouts responded to many cays to render public service. Sdward W. Harris is president of the executive council which directs activities. Operating expenses are met by the Community Fund. - TABERNACLE STOCK SOLD $3,000 Worth Disposed of in Campaign of Citizens. With disposal Wednesday night of more than $3,000 worth of stock in the campaign of the Cadle "Tabernacle Association to sel) the tabernacle to local persons Interested In the bulling, it was estimated today that approximately SIO,OOO worth of Stock hns been purchased. J. W. Fisher, who heads a committee to sell stock in’ the building, said that another public moetlng will be announced soon, when additional res will be offered for sale from lots up. • ■ iJ. W. Speicher, owner of most of thexstpek in the taberidicle, said if Indianapolis citlzenr, do not want the tabernacle, he will do something else with it According to Fisher, officers will be named from stockholders as soon as $15,000 is collected. Two Burned in Blast Bv Times Special GREENCASTLE, Ind. fc Jan. lg— Physicians today were endeavoring to save the eyesight of Ralph' DeWeese, 24, and Leland Brown, 23, burned in a explosion of hot babbit at the Indiana Portland Consent plant at Limedale. , j— • ' * For Colds, Grip or Influenza and as a Preventive, take Laxative the signature of eT W. Grove. 800. —Advertisement. ' .2-,y.. f A

THE INDIANAPOLIS TIMES

7:00 A. M. —WWJ (617). Detroit—Set-ting-up exercises. OlgjP A. M.—WJAX (390). Cleveland— Women's program, one half hour. WWJ (617) Detroit—Tonight's dinner, public health talk. 0:00 A. M.—WOC (484). Davenport. lowa—Markets, household hints. 0:45 A. M.—WCAL *(300). Northfield, Minn. —St Olaf Chapel services. 10:80 A. M.—KYW (530). Chicago— Farm and home service.

It & 6:OO—WDAF—WEEI —WOAW —WRC—WBZ. 6:3O—WCAE—WDAR WNYC —WOO. 7:OO—WOC—WRC. , 7:3O—WCCO. B:pO—KYW—WMC. 10:00—KGO.

10:45 A. M.—WCCO (417). MinneapolisSt Paul—Home service. 11:00 A. M.—WBAV 4390). Columbus— Piano, one hour. WQj (448). Chicago —Home economics, one hour. WWJ ,(517). Detroit—Music. 11:20 A. M.— (320), Hast Pittsburgh—Sunday school lesson. 11:30 A M. —WGR (319). Buffalo—Organ. , / 11:35 'A. M.—KYW (536). Chicago— Table talk for women. 19 Noon—WCK (360). St. Louis—Music, one half hour. WLS (345). ChicagoNoonday farm program, one hour. WOC (484). Davenport. lowa —Chimes. WSB (429). Atlanta—Entertainment. t I 2 i^ S M P ’C M A _ WMA° * IkT.o). Chicago—i%:3o P. M.—WHAA (484). lowa City. lowa—University of lowa, talk; one half hour. 1:80 P. M.—WGR (319). Buffalo—Concert. WMC (500). Memnhls—Noonday concert. WOR (405). Newark—Recital. 1:40 P. M.—WON (370). Chicago—Drake Ensemble, Blaokstone Quintet. 2:00 P. M. —WCCO (417). Mlnneaxolis- „ St. Paul—'Women's hour music. WHB * (411). Kansas City. Mo.—Ladies' hour.

D&rinpmight 7:OO—WEBH. 1 9:3O—WHAS—WWJ. B:OO—KFKB—WEEI—WTAS. B:3O—WFAA—WMC. 9:OO—WBCN—WOC—WWJ. 9:3O—WHN—WOAI—KTHS. 10:00—WCCO—WG N—WEA F. 10u30—WCAY—WWJ. 11 KM)—WFAA—WHN—WEBH. 11:45—WDAF. 12:00 (Midnight)—XGO—KHJ.

3:30 P. M.—WGN (370). Chicago—Recital. rocking-chair hoar. 3:00 P. M. —WCK (300). St. Louis—Music. WEA) (492). New York—Children’s program, one hour. WQJ (448). Chicago—Household hints, one hour. WRC (469) Washington—Songs. 8:15 P. M—WCX (517). Detroit—Music. 3*o P. M. —WCAE (403) Pittsburgh—- “ The Sunshine Girl." WDAF (411). Kansas City Mo.—Star Trio, one hour. WDAR (35) Philadelphia—Dance 3:45 P. }*.- WLS (345). Chicago—Homemakers’ hour. 4:00 P. M.— WCCO (417). MinneapolisSt. Paul—Magazine hour. WHAS (400). Lou's v ille—Alamo Theater. WMAQ (447.6). Chicago—Address, music. 4:10 P. M.— WOO (509a, Philadelphia — Organ. 5:00 P. M.— WBZ (337). Sortngfield. Mass. —Dinner concert. WCX (617). Detroit—Dinner concert. WEAF (492). New York—Dinner music, childrens story, music, four hours. WRC (409). Washington—Peggy Albion stories. WSB (429). Atlanta—Bonnie Earnhardt. WrAM (390). Cleveland— Royal Canadian Orchestra, one hour. 5:05 P. M. —WIP '5091. Philadelphia—- . Dinner program. WOS (540.9). Jefferson City. Mo.—Home rehdlng. story. DE PAUW STUDENT SLAIN t fc ———— Fatally Shot in Hunting Accident Near Lagrange. By Times Special LA GRANGE, Ind., Stead, DePauw freshman, was dead today, victim of a hunting accident. He was shot and killed by his chum Harold Ransbottom, near his home, Wednesday. An .American botanist has found pearls in cocoanuts.

BUTLER UNIVERSITY TURNS TO FUTURE Accomplishments of 1924 Viewed With • SatisfactionWork on New Buildings Will Be Started in Spring,

Looking’ backward with satisfaction and forward with expectation Butler University today closed the book of 1924. With the new year plans will be rushed to begin work on the new Butler buildings in Fairview. Actual construction is expected to start la,te in the spring of 1925. During 1924 money gifts to the college funds were numerous. Last January Kingan & Cos. gave $15,000 to be applied on the building that will house tho new school of commerce in Fairview. Sterling R. Holt gave $36,000 in February. In March Miss Emily B. Moores donated valuable Lincoln material collected by her father, the late Charles W. Moores. Mrs. David Owen Thomas of Minneapolis sent SIO,OOO to be added to the endowment fund. She la a daughter of Ovid Butler, educator for the college was named. Bequest of $25,000 In September the college received approximately $25,000 through the will of Edward B. Sawyer, of Pittsboro, killed In an automobile accident. James H. Trimble, president of the Western Oil Refining Company, contributed $25,000 in October. During November it was announced Charles T. Whitsett, of Irvingtbn, had made another gift, bringing his total to SBO,OOO. He began a systematic plan of donating to the college twenty years ago. The year closed with announcement of $26,000 from Arthur Jordan, Indianapolis man- . to the building fund. The year opened with announcement by John W. Atherton, financial secretary, that $1,100,00 had been pledged to the $1,700,000 fund sought for additional endowment and new buildings. Architect at Work One of ttye most important things done during the, year was employment of Robert Frost Daggett to draw plans for the 1 new plant at Fairview. Daggett announced that Thomas Hibben, a Butler graduate, would be associated with him in this work. The two werjt to the Pftciflc cofist to inspect modern educational - institution architecture. Members ofc the Butler board and others representing the college went elsewhere collecting data. The board nov* has agreed on the general plan ar\d drawings for the different, buildimmediately.

PERMITS REVEAL ANOTHER BANNER BUILDING YEAR Total Valuation Is Less Than 4 1923, but Number Issued Is Greater. Despite adverse business conditions and the depression attending national political campaign years, the building boom enjoyed by Indianapolis since the “World War continued throughout 1924., Although the total value of building operations for the year will fall below that of 1923 the difference will be only about $1,600,000, according to figures of Francis F. Hamilton, building commissioner. Total Is 825,364,879 Valuation of buildings for which permits were issued from Jan. 1 to Dec. 27, inclusive, amounted to $25,364,879, as against $27,144,484 for the entire year of 1923. Although the grand total was less the number of permits issued was greater, 16,909 being issued to Dec, 27, an increase of more than 1,200 over 1926 figures. The growth of Indianapolis is reflected in the 2,461 permits issued for dwellings repress .iting a valuation of $10,226,609. These dwellings cared for 3.820 1 unifies, according to the figures. No Exact Comparison In 1923, 2,828 residences were built. Exact comparison with 1923 Is impossible owing to the fact that building classifications were changed In seme respects. However, in a general way there was a slight falling off in value of business and industrial buildings, and an increase in apartment houses. DECADE TO SEE TRAVELADVANCE Busses and Airplanes Play Big Part. The next ten years will see radical changes j in transportation, in which the airplane will play an important part, according to W. B. Hlner, president of Red Ball Transit (Company and official of the new Union Bus Terminal, which is erecting a motor bus station on the old Haymarket site at Senate Ave. and Maryland St. “At the present time people are bound to ride on rubber,” Hindi* said. "This is shown by the tremendous growth in motor bus transportation past year or so. Our plans kTjthis tlmd call for sixty-five busses on our own fines, but it is our intention during the next year to operate 100 suburban busses working as spokes out of Indianapolis as a hub. “Our new bus terminal, open not only to our own lines, but to all other lines entering Indianapolis will cover almost an acre. Arrangements for future development to handle 100,000 persons dally within five years have been made.” ;

College representatives hope to have the college ready for the reception of students b/ the fall of J 1926. Last fall anew school of journalism was instituted* with Prof. H. E. Birdsong at its head. The college now gives a four-year course. Aid to Churches Dr. Frederick Doyle Ketshner, widely known as a religious educator, was to head the new school of .religion. As dean of this school Dr. Kershner has made many plans for the future. In his announcements he has emphasized the fact that thp school will welcome members of all churches or members of ndne and will cooperate with any established church In formulating extension programs, preparing Sunday school workers for duties or assisting lay members In auxiliary work of all kinds. Two important affiliations were perfected during the year, Butler now has an agreement with the John Herron Art Institute and the Metropolitan School of Music whereby students majoring in either of these schools may receive credit for additional work at Butler. Through the same affiliation any undergraduate at Butler is permitted to receive credit for work in art or music. Enrollment Grows Butler graduated 163 seniors last June and promises to have a larger class next year. Four hundred enrolled for the summer term and th 6 fall enrollment, for the regular collegiate year, was much larger than ever before. It Is confidently expected total enrollment will reach 2,000 within another year or two. Atherton announced, in connection with commencement exercises in June, that the endowment fund had been oversubscribed. The college officials sought $900,000 and at that time the total was $1,072,000. “We are happy over the results of 1924,” Atherton said today. ‘Dr. Robert J. Aley, president, looks forward to the coming year with the greatest confidence, that all of us share. Tjie people of Indianapolis and elsewhere In Indiana have given us generous support. That we will need a continuation of this support is evident, but anybody who knows the real Indianapolis is willing to predict that whatever Butler needs will be forthcoming.” _j

LANDON DISCUSSES \ BUSINESS OUTLOOK

By HUGH M’K LANDONVice President and* Chairman Executive Committee Fletcher Savings and Trust Company. mHE year 1924 has geen one of sharp contrasts in the business world*. It began with everV promise of great activity. Midway of the spring there was an abrupt pause. Production programs were hastily revised in practicaly all industries. Much unemployment ensued. Buying power was lessened. For more than four months business was again on the hand tc mouth basis. The unfilled orders of the Steel Corporation dwindled month by month.- The middle of the year say the steel Industry at less than 40 per cent of capacity. Confidence In the future was at low ebb. All this in the face of k strong banking situation and easy credit conditions which ordinarily would have encouraged rapid expansion. The remembrance of 1920-21 was still so potent as to induce industry to halL just as it had done in 1923, when the first sign of lack of absorptive power developed. The normal demands of the country are great, however, and the improved agricultural situation increased them, so the slack was soon taken up, and about the first of August buying pressure began to make itself felt again. From that time forward a gradual but steadily Increasing Improvement set in. This condition gained momentum after Nov. 1. The barometric steel industry is back to 80 per cent of capacity, and all the leaders in that industry predict further improvement. Pig iron furnaces in blast are approaching the 60 per cent line, which indicates normal production. Copper is strong. Textile manufacturers are much encouraged by the growing demand for their output. Generally speaking we are entering 1925 with business distinctly on the upgrade, and with the sentiment of business leaders more buoyant than at any time since. 1920. Dawes Plan Factor |* yfj ANY factors have contributed lIVII to thls change for the better 1 i I in the last quarter of 1924. The two most important were the putting into operation of the Dawes plan with its stabilizing effect on conditions abroad and consequent increase of purchasing power there. The second was the result of the election In thic ountry, continuing in power for four more years an Administration strongly committed to economy in government, reduction of the tax burden and a friendly attitude toward business. Other influences have been the growing industrial activity already mentioned, the Improvement In the agricultural situation, export demand, efficient transportation which is estimated to have saved shippers $600,000,000 in 1924, and easy credit conditions. So that perhaps it is not remarkable that the general feeling should be that the business situation is a wellbalanced one and that the outlook for the Immediate future Is rosy. It is interesting to note, however, that one hears less now than at the end of 1923 about "the fundamental soundness of business conditions.” The fashion latterly is to emphasize the “confidence” which has been engendered in the business community by this and that occurrence of the year. Past experience has shown that so many factors combine to determine the trend of business that It is unsafe to undertake to forecast that trend for any considerable period. Certainly all of the obvious factors now Indicate that business will be good during the first half of 1925. But none of the influences which have been mentioned as favorable at this time has economic magic to make everything right that has been wrong since the war. Therefare counsel of caution and moderation may well be given at this time of general optimism. Certain stubborn economic facts cannot be altered by the enthusiasm engendered by a two months’ boiling stock market. No Abnormal Demand SHE first of these is that there is nothing in either the domestic or foreign situation to indicate an abnormal demand for our manufactured goods. Asa result of the enormous plant expansion during the war our productive fapllitles far exceed our normal demand. Our factories cannot be run for a full year at high percentage of capacity in practically any line without piling up a surplus of goods which will inevitably result in a following period of curtailment and industrial depression. The second is that production costs in this country are such that we cannot possibly compete in the world markets with a Europe which we are by our loans helping back to productive efficiency. The Department of Labor has recently made a country-wide study of wages which shows that rates of pay throughout the United States are the highest itl history. The average hourly rate in 1924 was 128 per cent greater than in 1918. That situation cannot continue if we expect to a mpete with Great Britan, France and Germany for a reasonable share of world trade. What Is going to be the attitude of labor when that necessity becomes pressing? And it will become pressing some time In the year 1925, or at the latest. In 192.. Competition Seen Third, the operation of the Dawes plan will certainly bring about a condition, of severe competition between the manufacturers of North America and those of Europe, and It is not improbable that we shall see the beginning of this in the latter half of 1925. The savings of Europe were largely exhausted by the war. Rehabilitation of savings ie a long, slow process. It could not be expected to begin even until the countries of Europe had the means of producing surplus goods, and to do that required capital both In the mbney sense and in goods, particularly raw materials. So it was to have been expected that the first movement in Europe’s reconstructions should have been a demand for our capital in all seneea That is the process whiqh we have seen going on during the past three or four years. It la one that ban changed

V' a the United States from a dew to the greatest creditor nation ■ the world. The early stages oShis process effected an increaseAdemand for the products of oundustry, and resulted in the largAxport balmces of recent years. A The Wall Street Journal made BP I Statement In a recent Issue that* j 1924 the Interest payments on fA ; eign loans held in the United Stat® amounted to $750,000,000. We ha net seen the end of the making cB foreign loans, and it is not desirf# bte that we should. Payment of th| service of old and ne\y loans inayl for a time be financed by further' credits, but inevitably they must be made some time either in gold or commodities. Europe is not willingly going to send us any more gold. She cannot without throwing her currency into hopeless chaos. That lesson has been learned. Consequently the countries of Europe must create a favorable trade balance for themselves and our manufacturers may look for the keenest competition both at home and abroad. At present production costs they are In poor condition to meet It. Credit May Tighten F r— ~" URTHERMORE, the loans already made to Europe and N—J those In early prospect have taken up much of the slack in banking reserves. We shall see in the course of 1925 steady stiffening of Interest rates, and the end of the year may see real tightness of credit. Finally much of the prosperity of 1924 has been the result of the improvement In agriculture. That was the bounty of nature. Crop failures in other parts of the world gave our moderately good crops an enormous money value. Whether that bounty will be granted us another year no one can forecast. The law of probabilities Is against It, however, so a further expansion of the farmer's purchasing power should not be anticipated. Summarizing the situation then, we begin 1925 with superficial conditions favorable to steadily improving business. Sentiment of leaders is optimistic, the banking situation is easy, money rates, while rising slightly and likely to continue to do so, are still far below normal, production is increasing but still far from booming, transportation is unusually efficient, in short everything seems to be set for full speed ahead. Business should be good certainly for the first six months of 1926. Whether it will run beyond that de•pends upon the foresight of our business and political leaders. Certain it is that there are fundamental economic forces in the background which sooner or later are bound to come into action. What their effect will be is difficult to forecast. The chances are that their immediate effect will be depressing. The wiser heads among Industrial and banking leaders are again urging a cautious self-restraint against too rapid expansion. A Jobber, gray with the wisdom of long experience, said to me this week: “We have placed orders covering our estimated requirements for six months. All of our branches have been advised that when these goods have been sold, we shall buy only at the market and in quantities to meet actual commitments.” That is a course which can be commended to all business men in 1925, at least until we have had an opportunity to appraise the developments of the next three or four months. North Carolina’s first cotton mill, at Rocky Mount, still is operated by the family that founded it In 1817.

Hearken, Ye Lovers of Books! Here Are Resolutions for Iw i

Here are some New Year resolutions for book lovers. Suggested by the Indianapolis public library: I will give some of my, 8,760 hours during the year to good reading. I will meet very book with an open mind. I will not read the last page first.. I will hate the villain and love the heroirffe. I will renew friendship with old books. I will try to be patient when the author draws a moral. I will come to a sad ending withs dry eye—or I will try. I will not finish a stupid book simply because I have started to read it. * > I will refuse to pay any attention to strange noises and cracking sounds when I read a detective story after midnight. I will try not to use violence when anyone tells me how a story ends. I will be wary of those books

BnyQfat! IDttttlllJS AT THE*THRESHOLD I of the Mew Yeer we stand k A grateful for yous patronage * of tLe past, and in the Happy A spirit of the season we I tender Sincere Greetings. INDIANA BELL TELEPHONE CCX 1 PhU M ‘ Watßon ’ I Dlv I *4<*n Commercial Mgr.

THURSDAY, JAN. 1,1925

CIVIC CLUBS TO > CONTINUE FIGHT FOR LESS SMOKE Federation Helps Solve i Traffic Congestion | in 1925, ■

L “Civic clubs have been active in immunity life during the P 3 ® l Aar,” said EiJward O. Snetheu, present Indianapolis Federation of OTc Clubs for three years in revising activities of 1924 Lme of the things which the Federation hopes to accomplish this yea\ are education in smoke abate merV additional playgrounds and r9cnVtional centers; re del of traffic congftidn; elevation of railroad tract\ erection of downtown drinking f\\ntains. and additional public comfdn stations. A Ije'oy Portteus hears a committee to lit line a legislative program. Bills pa\vlding flood lights on Soldiers’ Sailors' Monument; com pulsory nsuranc ® by automobile drivers ■ insure greater protection to victiiM of accidents; proposed plan -for losing funds for public charity bA taxation, requiring appointrneA of receivers for pu .c utiUties lnA** 63 where rate* claimed toA confiscatory, will bo studied. ■ . dffleers wA be elected in MarchPledge of s3* was mad* to the xuley memoriaAfund. "The fedeAti° n took a swna against closinA streets in eouth and southwest eeclpns of the city by track devatioA We believe that blocking any Af B®* 8 ®* would prenrent greatest develoA ll^ll *' <afy Snethen said. A Among clubs W llO * 1 have been organized the pasAy®®* Fall Creek SlvA^C ttooFairview and South Clubs. -*>j| ■aar MSfiP Simple Service Vedy.\ jn Logansport TraL i.-A| By Times HpetHal EOGANSPORT, Ind„ i single simple funeral Jb f* heid at the Media today for Mr. and M ler, their son, Jolm daughter. Viola Hubapgh, •' Ward killed Sunday by their Mrs. Emma Hobaugh, 30, insane and now in the violei’ of the Northern Hospital vslain Insane. Fred Bassler. brother of th# olm Henry Bassler, was not prese' not malning at the bedside of Mrs.^B3l- - his mother, who has, been told of the tragedy for)tbe - the shock would be fatal. Mrs. Hobaugh was taken ty®rinsane hospital late Wednesdf the ternoon by Sheriff Walter Bct* er ® He said relatives has asked tlurder woman be taken to prisoA “• she couldn't get out and n them.”

which are written to be (very f I will Tiever get too old ■ stories for children. \ I will always believe In t j whether they are true or not! I will read in bed and prove hotor I doctor that it doesn’t matter. ( • | I yvill not skip description ftf* fl versation. I will remember that I books are merely men and vomM and not gods. | I will not Irritate my friunda IM reading aloud to then. I will not forget sometimes to 1 read the Bible. I will use good books as food for j the mind. I will try not to be provoked by a ’ mere author's power over me. • I will reflect on the power of newg Ideas and of their source in books. 1 I will read a helpful, practical boaJßj as often as every other week. 9| I Will lead myself as fast possible away from trash. ■