Indianapolis Times, Volume 36, Number 308, Indianapolis, Marion County, 8 May 1925 — Page 6
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The Indianapolis Times ROY W. HOWARD, President. FELIX F. BRUNER, Editor. ’• WM. MAYBORN, Bos. Mgr. Member of the Scripps-Howard Newspaper Alliance * • ♦ Client of the Lniton Press and the NEA Service • * * Member of the Audit Bureau of Circulations. Published dallv except Sunday by Indianapolis Times Publishing Cos 214-320 W. Maryland SI., Indianapolis • * * Subscription I ales: Indianapolis—Ten Cents a Week. Elsewhere—Twelve Cents a Week • • • PHONE—MA in 8500. < "ft** .
Ke that refraineth his lips is wise.—Brov. 10:19. 2 There is .no dipLohiacy like silence. —Bealonsfield.
The Value of Good Will § q IARRINGr the sale of Dodge Brothers stock 1 D | in Michigan,because the stock issue exceeds the value of the tangible assets wont jsiave much significAnce outside of that State. £*ften in an established: business the actual "'Value of tangible assets is insignificant comhared with the valueiof the business as a going v >. ,'t There is more to a’ profit able, jnttnuiaetuf-. gn£ plant than land, buildings, machinery and Office furniture, which would’ cortte under the .head of tangible assets. The cost of organizing and developing a/ business, including advertising, is quite apt to sjjbe a much larger part of the investment than/ ithe cost of tangible assets. Ts the business is Ijprtafitable all this helps increase the value of thf business. If the venture fails their value Ss nil and there is big depreciation in the tanSgible assets. r So what goes in under Ihe head of good is just as real as what is termed tangible, v soM£ar as the purpose of the investment is confcfimedpand that is to earn a profit. “ But good will has to lie earned. If land is bought, buildings erected, machinery' installed and manufacture started there is only fprospective value aside from Tangible assets. §ln other words, it’s a gamble. The daily stock quotations, aside from 1 speculative manipulation, are influenced by learning power. It isn’t the tangible assets ■that fluctuate and make stocks go up or down. iGood or bad management, market conditions, I supply and demand, reputation of a concern -land its product—all these have their influence lon earning power and stock values. And it is easily possible for an established and successful business to he worth several millions of dollars, and vet have tangible assets : of much less than a million. The purpose of so-called blue sky laws is tto prevent exploitation of the public by the \ sale of stock which has only a gambling possij bility, and often is fraudulent in its represen- ; tation of that. An established industrial con, eern is easily cheeked as to the value of good j will and earning power as well as tangible as-
How the Supreme Court Reaches An Opinion
Times Wash inn ton Bureau t. 522 Neto York Avenue. Ty/I ASHINGTON, May B. Promptly at 12 o’clock on .. • ■—l Saturdays, nine grave men walk slowly to a little sound-proof room deep under the dome of the National Capitol. To reach this room they go through three other rooms in each of which there sits an attendant who prevents the passage of any but the chosen nine. When, at last, they have reached their retreat, Which has only a single door, the nine seat themselves in comfortable armchairs. With complete informality, for there are no observers, their chief opens the discussion! Sometimes these discussions run late into the night, at other times the meeting is over in mid afternoon. The men are the Chief Justice of the Supreme Court and the eight associate Justices. The purpose of their secret gathering is to consider their action on the -cases, they have heard argued earlier in the week. Writing is Assigned When it develops that all nine are of one opinion on a given case, the Chief Justice assigns to one the task of writing the court’s formal verdict. If there are differing opinions, an attempt is made to smooth out' the differences. If this effort fails, tho n a voto is taken, and the side which obtains the most
WHAT DO YOU WANT TO KNOW?
You can get art inswer to any question of tact or inf trrnation by writing to The Indianapolis Times Washington Bureau, 132" New York Ave., Washlnton, D, C.,r inclosing 2 cents in stnxnpß for r*p]y, Medical, legal and n.ftrital advice car.not be given, nor can extended research bo undertaken. All other qu*ions will receive a personal reply. requests cannot be answered. All letters are confidential.—Editor. What i® the meaning of the, word "Selah” used so often in the Tsalms? The exact meaning is not known. It ho doubt has reference to the chanting of the Psalms in the Temple. ; Some suppose it to mean "Pause,” though this theory has much against It as the sense does npt often Imply a pause. Others take It. to mean "lift up” 'or "loud” as directions to the orchestra. This would make It, a mark of emphasis. i'What was the Webster-Ashbur-ton. Treaty? / f, ; , A treaty between the United States and Great Britain, negotiated by Daniel Webster and Lord Alexander Baring Ashburton in August 1842. By this treaty the frontier lfne' between the State of Maine and panada was definitely agreed to. By this treaty, also, seven-twelfths of the disputed ground, and the British settlement of Hadawaska, were to the United States, and only five-twelfths of the grouftd to Great Britain; but It secured a better military frontier to 'Canada, and included heights eoftimajiding the St. Lawrence, which the award of the King of Holland, who had been Hr- ■ A.
sets. Complete financial reports of all big in dustrial concerns are easily accessible to th< press and public. It is. different with fly-by night ventures .which blue, sky laws were dc .signed to check and thwart.
Hampering Progress rrT PIE war between motor bus interests and * the Indianapolis Street Railway Company, now raging in Indianapolis, is simply a repetition of the same thing that happened when the railroad superseded the stage coach arid when the trolley car Went into competition with the locomotive. In the last analysis, .it is a fight against 'A 1 -. ... ‘ progress. At the same time, however, it is a fight for self-protection. j The principal argument of the street railway company is that it has an investment of some ; $20,000.000 —the estimate probably is high—to protect* It does have an investment to protect, but investments can not always stand in the way of progress. Supposing twenty years ago a manufacturer who had millions invested in a buggy factory—and there were some such—had gone to the Legislature or to Congress and demanded the passage of alaw r making the manufacture of automobiles illegal, because the buggy manufacturer’s investment was endangered. llis argument would have been just as reasonable as the argument of the street railway company that busses should be denied the use of the streets in order that the car company’s investment be protected. Os course, the motor bus may not make the trolley car as obsolete as the buggy. The bus business is too young for predictions as to the extent of its growth. The ear company may forestall a large bus transportation business within the city limits of Indianapolis, but it can not keep the bus out forever. The popularity of the few busses now being operated—some by the car company itself—is proof of this. We agree, however, that the motor bus must he as strictly regulated as the trolley car. The public should be protected in all cases, but progress can not be hampered in order that an investment shall be protected. Car company officials made no such argument as this when interurban lines were fighting the railroads. f
votes, even though it be only five, Is credited with the official opinion, and the opposition must content Itself with writing a dissenting opinion. Present at these meetings—which are the most important gatherings of the Justices far outweighing their •sittings in the open court room—are no attendants of any kind. Not even a court stenographer is permitted. Assuming that each T ustice has been assigned certain opinions to write, and that decisions have been reached on the cases which hhve been argued in open court, the meeting adjourns. Each Justice can then take his own # good time to prepare hiy opinion. Opinions Printed After he has written what he thinks constitutes the view of the majority of the court, the Justice Sends his copy to a private printer, Secretly chosen by the court, and orders him to strike off nine proofs. These proofs are then sent to the homes of the various members of the court. Each member looks over the work of his colleague, notes such changes as he thinks desirable, and sends the copy hack to the writer. Affer receiving back all eight of the corrected and altered proofs, the original writer attempts to embody
chosen arbiter, had assigned to the Americans. By the Bth and 9th articles, provisions were made for putting an end to the African slavetrade; and the 10th article provides for the mutual extradition of suspected criminals. How much stronger is the gorilla than the strongest man? It has been estimated that the strength of the gorilla Is twice that of the iti ongest man. Where is Buffalo Bill buried? Wili am F. Cody (Buffalo Bill) is buried oh Lookout Mountain, near Denver, Colo v in one of the Denver mountain parks. There is a memorial and a museum there. Haw old is William and Mary College in Virginia and Who was its.first president? • /. f It was founded in 1693 by the K?v. James Blair, who became the first* president of the institution. It is the second oldest college ir. the United States. > r —t — . Who is tlje composer. The’ PWsdners Song’ 1 that is' sung on the Victor records? Guy Massey. What does the political term J ‘■popular sovereignty” mean?, In United States history it was the theory that the right to detrtifeWhether slayery should exist in a .territory rested with the people of that terirtory and not vdth Congress.
all the suggestions into a final opinion. Then, when he gets good and ready, he walks into the Supreme Court chamber some Monday at 12 o’clock, reads this corrected opinion—and the final word on this or that question has been rendered by the Supreme Court. May Re Only Copy It frequently happens when a Justice reads his opinion that the copy from which he reads is the only one in existence. It may vary greatly from the proof which the printer originally sent him. After the opinion has been read, and after newspapermen, listening to the oral reading, have reported the court’s verdict, the printer Is authorized to run off as many copies of the opinion as the clerk of the court may think necessary. Owing to the- mistakes that have arisen from time to time because of misinterpretations placed on decisions by newspapermen, a move was undertaken some years ago to induce each Justice to bring with him to the <*>urt room a dozen or so copies of his opinion. Some times a member will bring two or three copies, but the practice of supplying newspapermen with copies at the moment they are rd has not become general.
It was advocated especially by the Democrats during the period 1847 to 1861 and Its leading champion was Douglas. It was often termed “squatter sovereignty.” The latter Is simply the Colloquial term. What Is the difference in repealing and nullifying a law? A law might be nullified by repeatedly refusing to obey It until it has, In reality, become of no effect, but, to repeal a law an action of the legislature body passing it is necessary. For how long did John L. Sullivan hold the world’s heayyweight championship? . From. Feb. 7, IS&2, to Sept. 7,1892. ■. i How can one tell vfhqthfr piece of material is linen or cotton? {' An easy way to tell Is to set one of the threads on-fire. If it is cotton it will blase up and continue to burn- If-it is linen ti will smoulder. Another and even simpler way is to wet tjie IJnger In the mouth and place it Under the ' cloth. If the moisture comes quickly through the cloth is linen. What does the term "fourcycle,” used in connection with an internal combustion engine, mean? It means that there are four piston-strokes for the accomplishment "of' the processes in the engine. These strokes are termed the intake stroke, the. compression stroke, the power strokcajyj^stroke.
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Trains, Traction and Busses Bring —" 2,300 School Children to Concerts
By Walter D. Hickman I t LL roads lead to Indianapolis /\j as far as the school children Li ■■ I of Indiana are concerned. On trains, in busses and over the traction lines the 2,300 high school entrants in the competive musical events to be staged here Saturday are ready to start for Indianapolis. Seventy rooms have been engaged at English’s for the Evansville delegation which arrives here Friday. Kokomo and Peru coming in specially chartered busses and traction cars. By the time the first contests begins Saturday morning at 8:10 a. m. at the Manual Training High School, Caleb Mills Ha'll and Tomlinson Hall, more than 5,000 school children will be here from’ cities and towns of the State. The great day will terminate Saturday night with a joint concert to be given.at the Murat hy Virginia Rea and Max Rosen under the auspices of the Fine Arts committee of the Chamberof Commerce. The winning high school band, orchestras. glee clutys and mixed choruses will ije announced and the cash .prizes awarded by Governor Jackson. There is every indication that one of the greatest audiences ev#r assembled for a concert will greet Rosen iand Rea. The program will include numbers played by the winning school organizations. .1 iidgvs Announced Friday evening at 6:30 o'clock tn the ladies’ rUnirtg room adjacent to the main dining room of the Indianapolis Athletic Club, a dinner honoring Rosen and Rea will be given. There probably will be as many as thirty or forty at this dinner at which J. I. Holcomb will preside. Persons prominent in the local musical world and In the Chamber of Commerce will be present to honor tho guests. Those who will judge the bands are J. \V. Walnwright. director, Fostoria Ohio High School Band. John I/. Ver Wiere, 1227 Kinsman Ave., Ft. Wayne, Ind., and L. N. Tilson. director of music. State Normal School, Terre Haute, Ind. Those who will Judge the or-
RIGHT HERE IN INDIANA
By GAYLORD NELSON
REAL ESTATE VALUES SHE Indianapolis Chamber of Commerce has under consideration purchase of property at 316 N. Meridian St. as a site for Us new building. An old brick residence, serving as an office building for the Use in-< surance company owning it, now occupies the site. The- purchase price is reported to be $310,000. As the property has a frontage of
eighty-five feet on Meridian the price is approximately $4,000 a front foot—which sets anew high mark for real estate In that vicinity. Forty years ago —when the dwelling was erected on it —that lot was of little value. Now without any improvements or efforts
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by the owners the land is worth more per front foot than it was then per acre. That 'burnishes fuel for the boilers of single taxers. Indianapolis is not a boom town. It has never experienced an attack of feverish real estate speculation —with prices inflated by superheatod conversation. Yet steadily and certainly the market valufi of real estate has risen, for steadily and certainly has the city ex•panded. Os course, one may buy grain futures or oil prospects and become a pfutocrat or pauper with startling rapidity—sometimes both in the same day. Investment in Indianapolis real estate won’t give as much thrill The profits are both slower and surer. All one has to do is to wait. Indianapolis Will do the rest.
CONTRIBUTING TO DELINQUENCY mUDGE FRANK J. LAHR, of Juvenile Court, the other day scored the parents of a 15-year-old boy. They were before him in connection with the lad's delinquency. The mother had gone to Florida. The father was a traveling salesman. The boy was l£ft alone in a north side apartment in charge of nobody. He proceeded to invite in other boys and girls for a “wild” party—which remained in continuous session for thirty-six hours until outraged neighbors called the police. Os course it was a shocking escapade. The youthful participants —host and guests—certainly filled the legal specifications of delinquent children. But who was really to blame? The parents at t least were guilty of aiding and inciting to riot and contributory negligence. _ Prqperly they were the real defendants in ■ the case. Children can’t be raised by statutes, juvenile courts, mall or absenteeism. The raising must be done in person and by hand. It can’t b® put aside at will for a season like flannel underwear. Governor Tartley, of Washington, covered it all recently when he said; *'“Too many parents are ( giving their time to other things and leaving their children to shift .for themsehes. The home and fireside, the bulwark of good citizenship. is left in charge of the cat. and the canary." ... Most child delinquency is parent delinquency.
chestras are A. R. Kratz, supervisor of orchestra in the Cincinnati public schools; Will F. Wise of Anderson, Ind.,' and Gaylord R. Humberger, supervisor of music in the Springfield, Ohio, public schools. Those who will judge the glee clubs and choruses are EJdltJLx M. Keller, State supervisor of music, Department of Public Instruction, Columbus, Ohio: Mrs. Forrest J. Crowley, director of public school music, Cincinnati Conversatory of Music, and R. W. Roberts, supervisor of public school music, Columbus, Ohio. Schedule Announced Webb Sparks of the Fine Arts Committee of the Chamber of Commerce. announces the following schedule of ths competitive musical events for Saturday: BANDS Tomlinson Hall (Momlnr t B:lo—Central of Evansville. B:3o—Manual of Indianapolis. S —Brazil. ft: 10—Shortridfe of Indianapolis, ft.SO—Emerson of Gary. B:so—Te.-hnical of Indianapolis. 10:10—Goshen. * 10 :§o—Martinsville. 10:50—Bouse of Evansville. 11 :10—Froebel of Gary. OUCHES'- BAB Caleb Mills Hall (l^orninr) B:lo—Falrmount. B:3o—Bern*. B.so—Central of Muncie. B:lo—Central of Evansville, ft 30—Manual of Indianapolis. |:BO—-Brazil. 10:10—Shortridge of Indianapolis 10:30—CrawforqsvIUe. 10:50 —Technical of Indianapolis. 11:10— Emerson of Gary. MIXED CHORVSES , Manual Training Hitch School (Afternoon 1 12.42—Dourlas of Evansville. Shmds’ of Seymour. 1 :30—Crawfordsville. I:4fi—Shortridre. 2 :>2—Technical. 2:18 —Brazil. 2 :34—Manual. GIRLS’ GLEE CLIBS Manual Training High Srhool (Morning! B.lo—Marion B:2B—Noblesville. 8 :42—Kokomo. B:6B—Martinsville. ft: 14—Jefferson of Lafayette. B:3o—Frankfort. . ft 40—Anderson. 10:02—Peru. 10.18—Gjvencastle. 10:34 —Manual of Indianapolis. 10 50—Brazil. 11:08—Shields of Seymour. 11 :22—Crawfordsville. 11 38—Shortridge of Indianapolis. 11:54—Technical of Indianapolis
WHO OWNS THE TRUSTS? EL. DEVEREAUX, president of the Bell Securities Company, in an address at Indiana University the other day, Mr. ted that the American Telephone and Telegraph Company has more than 350,000 stockholders. Os this number 65,000 are company c m ployes. The average number of shares held by each stockholder Is twentysix. than 6 per cent of the stockholders own more than one hundred shares each. Listed among the owners are bankers, clerks, housewives, laborers, physicians, teachers and stenographers Rcently a survey by the Academy of Political Science revealed that the stockholders in 523 corporations In basic industries, including railroads, electric, steel and oil companies and packinghouses, increased 3,500,000 between Jan. 1, 1918, and Jan. 1. 1925. The number virtually doubled in that time. Popularly the great monopolistic corporations are presumed to he owned by a few wicked capitalists, who have hoofs and horns and eat common people for breakfast. This is a hang-over from the old muck-raking, frenzied-finance, trust-busting days. Whatever the condition in the past, now the great corporate enterprises, with a few notable exceptions, are owned by vast numbers of plain people. The wicked trusts which one denounces is owned by the baldbtaded, Inoffensive man next door, the stenographer in the adjoining office, and thousands like them. Radicalism doesn’t flower luxuriantly in a country where a considerable fraction of the population holds stock in the nation’s industries. It’s hard to kill off the capitalists when one doesn’t know where to begin—whether with the banker or the cook. revocation!)? CONSTABLE POWERS C r ~““ ONSTABLE powers of Marlon county horsethief dev. tectives were revoked last fall by county commissioners, according to John McCloskey, president of the board. Other commissioners agree that such action was taken. However, the county auditor, keeper of the official archives, asserts no order to that effect is on record or filed in his office. The question arose as a result of the activity of the “detectives" In the city primary. Members of the organization were conspicuous about the polls—arrayed in portable artillery and full panoply of constabulary authority. Many were arrested by city police on the ground that they had no authority to carry weapons. And the political teakettle boiled over. Possibly the armed “detectives” were necessary to assure the purity of the ballot—although the connection between a city election and horse stealing may be somewhat obscure. Perhaps, on the other hand, the country would have been as well saved if they had left their weapons at home. It is immaterial to the plain citizen whether horsethief detectives have or haven’t authority to carry weapons in the city. The important thing to him is the keeping of the county records. If commissioners revoked the constable powers of the “detectives” —as they declare—why isn’t the order on file? Are important items of county business handled as carelessly? \
12:10—Emerson of Gary. 12.20—Froebel of Gary. BOYS* GLEE (LI BS Manual Training High School (Afternoon) 2:so—Shields of Seymour. 3:oß—Frankfort. • 3:22 —Shortridge. 3:3B —Marion. 3:s4—Brazil. , 4 ;10—Manual of Indianapolis. 4 :2ts—'Jrawfordsville. t. 4- —Technical. :58->—Martinsville. In New York By James W. Dean NEW YORK, May S.—Spring is calling the gypsies from New York. In the lower East Side the men of the tribes are making last-minute swaps of autos, in which they are as adept as they were in the old days when they thrived largely through shrewd trading of horses. The women are buying new and gaudy shawls and dresses with which to bedazzle prospective patrons to their fortune-telling booths on tout. Several thousand gypsies .winter here, centering along Avenue A. Grand St. and Broome St. While here the women make tidy sums by fortune telling and soothsaying, their patrons often coming from aristocratic. Fifth and Park Aves. The men do little work except In the way of putting a broken-down auto in condition to trade it for a car of greater value. Most of these nomads are from the Balkan states. Some are from Roumania. Poland and Russia. The various groups do not fraternize, although they have so much In common. Although the gypsies live in the city's most congested district, they will not inhabit tenements. They usually rent emj>ty storerooms on the street level, hang bright cloth about the walls and over the windows. Occasionally they occupy a cellar.
Spring Opening Sale KTMBMUU ■IMUf-MBMWTI ■BnSHHniannn Os Fine Furniture At Low Prices SATURDAY and MONDAY Low rent location, small expense combined with a great buying power makes these sale prices possible. We are listing only a few of the many bargains. Why not give mother a present of a beautiful living room or dining room suite for Mother’s Day? We are sure she would appreciate a gift of this kind. And tomorrow, Saturday, you can buy quality furniture at the very lowest prices.
Three-Piece Living Room Suite Covered all over with excellent grade. Velour, loose spring tilled cushions, hand tailored. For this special ni
Three-Piece BEDROOM SUITE Three-Piece Bedroom Suite, consists of Bow-End Bed, large Dresser, Chest of Drawers and Dressing Table and Bench. Your choice of any apt three pieces (the bench and M M *i||| Dressing Table counts as one piece) at extremely low price
Unusual Specials Saturday Only 10-Qt. Galvanized Bucket 19c $1.25 Oil Mops 69c 27x54-Inch yelvet Rug $1.98
Liberal Credit Given on Your Old Furniture SOUTH SIDE FURNITURE COMPANY 943-945 SOUTH MERIDIAN STREET ' ■■ A. Neighborhood Store in a Low Rent District ■
Liberal Credit Terms
Tom Sims Says Autos killed 19,000 last year, not counting those who worked themselves to death paying bills. T hero doesn’t lead such a had life. We wouldn’t mind being able
to sit still for three weeks. Another thing to turn green in the spring is the man who drinks the dandelion wine he makes. Uncle Joe Cannon has started smoking again, perhaps because the Christmas cigars are all gone.; Not long ago a man told us
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there was no Santa Claus. Now scientists say the bee isn't so busy 4 Prince of Wales spoke to the Boers in their ftatjve tongue. Hope the Boers were pot; bored. The crown prince of Italy is going to Japan. All these, prince boys have spring fever. T S In New York a-man is charged with -wrecking hotel furniture. ) A hotel bed wrecked us once. Bad news from China. Tientsin cook killed forty people. He did it with gunpowder, not baking powder. V * Job was a patient man. He never pushed a baby buggy while wishing he wag behind a steering wheel. Asa man thinks, so Is he. So, If he doesn't think, he just isn’t. Work wouldn’t be so bad if you could do it for a hobby. Every spring the bathing suits seem to have shrunk a little. (Copyright, 1925, NEA Service, Inc.)
Porch Swing Complete with chain qq and hooks. Special ...
Post Cards By Hal Cochran And now comes the season when mailmen have reason to stoop kinda low neath their pack. For folks, on vacations, remember relations and send picture postal cards back. The reasQn may be, just between you and me, that vacationers dislike to write. It isn’t so hard just to write;out a card, hut to mailmen it’s really a flight. Wo go on a trip and we don’t give a rip about anything else but our play. Yet, somehow it’s fun, when vacation's "begun, just to write and send postals away. Your friends never need ’em—yet, meiybe they read ’em.* They know that they’ll come every year. The message that's sent very likely is meant. It's simply, “I wish you were here." But mailmen, no doubt, wish the fad would wear out, for they suffer whenever' we roam. And, while we're out flshin’. I’ll bet they are wishin’ we'd all hurry up and come home.
School Parade Lieutenant Johnson of the traffic department will supply two mounted officers and a detail of motorcycle men to lead the massed band parade which will form at Cadle Tabernacle at 11:30 o'clock, Saturday morning. The line of march is: West on Ohio St. from the Cadle Tabernacle to Delaware St., thence .south on Delaware St. to Washington St., west on Washington St, to Meridian Sit., and north on Meridian St. to the Monument. All traffic will he blocked from the Circle during the hours of the concert on Monument Place.
0. CM Cm. Puritan, Perfection and Florence, in all sizes. Sold on easy weekly payments.
Unusual Specials Saturday Only $3.50 High Chair $1.98 9x12 Imported. 9x12 Grass Rugs for Porch or Sun Parlor $6.50 Unfinished Kitchen Chairs $1.49
Liberal Credit Terms