Indianapolis Times, Volume 37, Number 6, Indianapolis, Marion County, 18 May 1925 — Page 19

BUS INDUSTRY GROWTH LARGE IN SHORT TIME Total Investment at Present Nearly Three Hundred Millions. NEW YOR&, May 18.—Motor bus transportation has grown from an industry hardly taken seriously in 1917 to a public utility with an investment of $296,000,000 in more than 60,000 vehicles transporting 3,000,000,000 passengers annually, John A. Ritchie, President of the Omnibus Corporation, points out in the current issue of Bus Transportation Magazine. He foresees further tremendous growth of the industry, stresses the low investment required to bring in each dollar of gross revenue in motor bus transportation and points to 3,000,000 miles of highways in the United States as one indication of the huge scale on which tne Dub one day will be called upon to serve the public. “No other country in the world has such enormous possibilities for the increase of efficient transportation as ours, and this possibility is to be realized,” Ritchie says. “Transportation. like other industries, is being affected by a revolutionary process toward better things. That evolution consists not so much in making way with the old as taking advantage of the new. With upward of 26,000 miles of inter-city Federal aid highways being improved annually; a clearer and better understanding of what the motorbus can do for tlje steam and electric railways, and the unlimited field that exists in growing villages and towns—the cities of tomorrow—for transportation facilities, the potentialities for future development are almost without end. Growth Inevitable "With a required investment of $4 in street railways to secure $1 of annual gross revenue, as agilnst an Investment of about $1.26 in motorbus systems to secure $1 of annual gross revenue. With no power houses, transmission lines or underground connection being needed," Ritchie adds, “the growth of motorbua transportation is as inevitable as the seasons.” Os the 3,000,000 miles of highways in the United States. 470,000 miles are hard surfaced, the transportation executive says, recalling that the development of this hard surface mileage has been the accomplishment of less than fifteen years. At the present time, he shows $500,000,000 in road construction is in progress under federal authority alone. The authorized bond issue of States and counties in the- United States

Own a home! That's where you can find quiet and rest; that’s where you can regain your mental and physical power; that’s 1/ 1 4 where you can recoup your frazzled nerves, for anew, fresh plunge into the y"'maelstrom of everyday affairs. £ It’s owning your home that giver, that extra confidence and courage so necessary to jj avi \ ‘ “ success in the day-after-day struggle with - V?- 4 -nr Life. It’s the factor that just makes a With man succeed. . .. A - Indianapolis Own that home. Own it now. You’ll never find a better time to do it, or a better • place to shop for it than in the Real Estate columns of Times Want Ads. ' 11 * Indianapolis Times _J ’.fSlfr ■ | ! ■■ _ _ Want Ad Department m : t.*- /. a . .: A ..a .- *.:.• -"As• .•/' *. i

was $1,3f9,762,000 on January 1 of this year, as against $1,201,910,000 at the opening of 1924. Railroads can adopt the motorbus as an auxiliary in connection with economies desired in freight and passenger terminal operation, Mr. Ritchie says. The tendency in railroad operation, h adds, is to move the terminals to less expensive districts, completing transportation to destinations of passengers by motor coach or taxicab, and of freight shipments by motor trucks. The arrangement is cited by the writer as resulting in a reduction of both fixed charges and operating expenses, as well as a lessening of congestion in crowded streets. 272,000 Busses in 1931 The bus publication is authority for the prediction that there will be 272,000 motor busses in operation in the United States in the next six years, the vehicles distributed about as follows: New York and Pennsylvania 15,000 or more; Ohio, Illinois, Missouri and Texas, 10,000 to 15,000; lowa, Wisconsin, Michigan, Indiana, Kentucky, Tennessee, North Carolina, Georgia and California, 7,000 to 10,000; Massachusetts, New Jersey, Virginia, South Carolina, Alabama, Mississippi, Louisiana, Arkansas, Oklahoma, Kansas, Minnesota, 5,000 to 7,000 busses; Maine, Connecticue, Delaware, Maryland, West Virginia, Florida, North Dakota, South Dakota, Nebraska, Colorado, Washington, and Oregon. 2.000 to 6,000; Vermoi.t, New Hampshire, New Mexico, Arizona, Utah, Wyom-

Congratulations to the BUS TERMINAL

VONNEGUT, £ BOH N & Designers MUELLER of the Largest Bus 1 erminal Architects and Engineers i n the World

ing, Montana, Idaho,, Navada and Rhode Island, up to 2,000 busses. "The villages and towns with no means of transportation,” Mr. Ritchie writes, “form an unlimited field for the motor coach, and as these towns grow the motor coach will become the chief means of transportation in the cities of tomorrow. In one State alone, California, there are 478 communities where motor coach

FIRE TORNADO BURGLARY , The LIABILITY Insurance _> PLATE GLASS COMPENSATION on the New I Union Bus Terminal Building Is Carried by Cooling-Grumme-Mumford Cos. 30S American Central Life Bldg. “SAFE Insurance at SANE Ratef*

THE INDIAN AI'OLIS TIMES

service is the only means of trans* portation.” SIREN FOR SUBMARINES Swedish Engineers Invents Electric Warning for Sub-Sea boats. LONDON, May 18.—A Swedish mechanic has invented an electric siren for submarines to sound when they come up out of the water.

FIDELITY & DEPOSIT COMPANY OF MARYLAND

Jo OunNevTNeighharJ

Statement of Condition of the World Fire and Marine Insurance Company Hartford. Conn. On tha Slot day of December. 1924 RALPH B. IVES, President. WILLIAM B. GOODWIN. Secretary. Amount of capital paid up. .$1,000,000.00 NET ASSETS OF COMPANY Caah In banks (on Interest and not on Interest) $ 431.405.57 Bonds and stocks owned _ (market value) 1.742.810.00 Agents’ balances 110,856.20 Accrued interest 13.385.83 Other admitted assets ..... 4,150.44 Total net assets .... $2,308,308.13 LIABILITIES Reserve or amount neoessary to reinsure ouatandIng risks $ 3^3.804.62 Losses unadjusted and In suspense 35.402.78 Other liabilities of tho campany 38,500.00 Total liabilities ..$ 307,707.40 Capital 1.000.000.00 Surplus _ t 004.600.7.1 Total .....$2,302,808.13 Greatest amount In any one risk (net) $30,000.00 State of Indiana. Office of Commlaaloner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of December. 19U4 as shown by the original statemen , and that tho said original statement M now on file In this office. In testimony whereof, I hereunto subscribe my name and affix my official seal, kJ£AL) this 9th day of April. 1025. T. S. McMURRAT. JR.. Commissioner. Statement of Condition of The American Druggist Fire Insurance Company Cincinnati. Ohio 1006 Mercantile Library Bldg. On tho 31st day of December. 1024 CHAS. A. AVERT, President. FRANK H. FALCONICKS. Secretary. Amount of cap ixl paid up.. .$500,000.00 NET ASSETS OF COMPANY Cash In banks (on interest and not on interest) $ 26.799.21 Real estate unincumbered... 46,785.46 Bonds and stocks owned (market value) 1.302.340(H) Accrued securities (Interest and rents, etc.) 14,038.00 Premiums and accounts due and in process of collection 54.157.87 Total net assets $1,444,120.24 : LIABILITIES Reserve or amount necessary to reinsure outstanding risks * $ 184.442.44 Losses unadjusted and In suspense - 19.821.95 Other liabilities of the company . 27.073.50 Totrl liabilities ..._..s 231.037.89 Capital 800.000.00 Surplus 713,082.55 Total $1,444,120.24 Greatest amount In any one risk $12,000.00 Greatest amount allowed to be insured in any one block... .$12,000.00 State of Indiana. Office of Commissioner of Insurance. I. the undersigned. Commlaaloner of Insurance of Indiana, hereby certify that the above Is a correct copy of the Statement of the Condition of the above mentioned Company on the Slat day of December 1924. as shown by the original statement, and that the said original statement ia now on file in thla office. In testimony whereof. 1 hereunto subr&i.r<ant>.‘v i Sfs&!%) T. it. McMURRAT JR- Comi/astoner.

STATE [house W.WASHINCTON ST. Of —I? r ™ s mScJ t ,|| ||,Z ’ A • ~7 ¥7 IBUS I terminal

The National Furniture Company Extends a Cordial Welcome to the Indianapolis Bus Terminal | To our new neighbor, the Indianapolis Bus Terminal, we offer our heartiest congratulations. Yours is a distinct achievement —the realization of a daring vision. We share with you the satisfaction that must be yours in a job well done. We share with you the hope that you are at the threshold of still bigger things—that it is simply a job well started. . . . # The National Furniture Company has, In its own field, things amo daring vision. With the Indianapolis Bus Terminal only a block and a half from our doors, we are in a position, as never before, to extend to suburban Indianapolis and to the entire state our principle of giving the best possible merchandise at the lowest possible price. Just as we have been, for twenty-five years, the outstanding institution of its kind in the city, so, in the future years, it is our hope that we may. become the outstanding institution of its kind in the state. j

Statement of Condition of the Fidelity-Phenix Fire Insurance Company of New York New York. N. Y. 80 Maiden Lane. On the 31st day of December. 1924. PAUL L. HA ID. President. WILLIAM E. LAMM JR.. Secretary. Amount of capital paid up.s $.000,000.00 NET ASSETS OF COMPANY Caah in banks (on interest and not on Interest)... $ 2.483.718.42 Real estate unincumbered.. 1.634.296.67 Bonds and stocks owned (market value) 36.018,887.63 Mortgage loans on real estate (free from any prior Incumbrance 401,061.64 Accrued securities (interest and rents, etc.) 180.211.03 Cash in office 2,900.00 Premiums and accounts due and In process of collecBll\s°'receivable ’I 11 11 I ‘ 111 Amount recoverable for reinsurance on paid losses. 4.423.60 Total net assets $43,338,825.95 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $17,228,137.02 Losses unadjusted and in in suspense . . 2.231,069.42 Bills and accounts unpaid.. 28,500.#0 Other liabilities of the company 1.667,061.18 Total liabilities $21,151,767.62 Capital 5.000.000.00 Surplus 17,184.068.33 Total ✓ . $43,336,825.95 Greatest amount In any one risk 400,000 State of Indiana. OfTloe of Commlasloner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the Statement of the Condition of tne above raentlonel Company on the 31st day of .December. 1024. ss shown by the original statement. and that the said original statement is now on file In this office. In testimony whereof. I hereunto, subscribe my name and affix my off trial seal [SEALI this 9th day of April. 1925. T. S. MaMURRAY JR.. Commissioner. Statement of Condition of the Aetna Insurance Company Hartford. Conn. 670 Main St. On the 31st day of December. 1924. RALPH B. IVES. President. W. ROSS McCAIN. Secretary. Amount of capital paid up. $5,000,000.00 NET ASSETS OF COMPANY Caah in banks (on Interest and not on interest).... $ 2.939.270.95 Real estate unincumbered. 410.000.00 Bonds and stocks owned (market value) 37.108.989.87 Accrued securities (interest and rents, etc.) 220.391.65 Agents’ balances 4.216.057.19 Bills receivable 86,693.28 Other admitted assets .... 47.588.87 Total net assets $46,008,961.81 LIABILITIES. Reserve or amount neces**s£ “ IJUStea . . D0 ! 8.211.004.04 bills and accounts unpaid. 300.000.00 Other liabilities of the comTotal liabilities $28,679,833 64 Capital 6.000,000.00 Surplus 11.428.128.17 Total Greatest amount In any one risk# net 300,000.00 State of Indiana. Office of Commissioner of Insurance. 1. the undersigned* Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of tne Statement of the Condition of the above mentioned Company on the 81st day of December. 1824. aa shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto sub, iti&rwßT!M. o Hii! "*■ T. S. McMURRAT JR. Commissioner.

Statement of Condition of the Illinois Fire Insurance 00. Peoria. 111. Peoria Life Bldg. On the 31 at day of December. 1924. M. 8. CREMER. President. HENRY F. TUERK. Secretary. Amount of capital paid up. .$200,000.00 NET ASSETS OP COMPANY Caah In banka (on interest and not on Interest) $ 42.636.60 Bonds and stocks owned (market • value) 508,840.64 Accrued securities (interest and rents, etc.) 8.132.60 Premiums and accounts due and In process of collection 29.638.79 Total net assets ......-..5589,14542 LIABILITIES. Reserve or amount necessary to reinsure outstanding . risks $214,879.92 Losses unadjusted and in suspense 6,944.79 Other liabilities of the company 5.000.00 Total liabilities $225,824.71 Capital ........ 200,000.00 Surplus 163.320.71 Total ......... $589,146.42 Greatest amount In any one risk 26.000.00 Greatest amount allowed to be Insured In any one block.. 20,000.00 Stats of Indiana, office of Commissioner rs Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st dry of December. 1924. as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto subscribe m.v name and affix my official [SEAL] seal, this 9th day of April. 1925. T. 8. M(-MURRAY. JR.. Commissioner. Statement of Condition of the Knickerbocker Insurance Cos. New York. N. Y. 92 William St. On the 31st day of December. 1924 R. A. OORROON. President. P. A. COSGROVE. Secretary. Amount of capital paid up. . .$400,000.00 NET ASSETS OF COMPANY Cash In banks (on Interest and not on Interest) $ 152.770.15 Bonds and stocks owned (market value) 1,829,700.00 Accrued securities (Interest and rents etc.) 4.141 02 Agents' balances 191.894.84 Premiums end accounts due and In process of collection 23.912.48 Total net aeeets $2,002,410.02 LIABILITIES Reserve or amount necessary to reinsure outstanding risks $ 648.941.07 Losses due and unpaid 150,866.78 Other liabilities of the company 234.023.71 I Total liabilities $1,031,831.66 Capital - 400.000.00 Surplus —..- 570.687.63 Total $2,002,419.02 Greatest amount In any one risk $75,000 00 State of Indiana. Office of Commissioner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the State- ’ ment of the Condition of the above mentioned Company on the 81st day of December, 1924. as shown by the original statement, and that the said original statement is now on file tn this office. In testimony whereof. 1 hereunto subwatnanr*''©* js&nstt.-* 1 T. 8. McMURRAT JR.. Commisslonsr.

Statement of Condition f the Providenoe Washington Insurance Company i Providence, R. 1. 20 Market Bq. Wi A. G. BEALS. Secretary. Amount of capital paid up.t 2.OOOC0O&OO NET ASSETS OF COMPANY Cash in banks (on interest and not on Interest) ... $ 460.681.69 Real estate unincumbered. 100.000.00 Bonds and stocks owned (market value) 10.686.917.00 Accrued securities (Interest and rents, etc.) 92.719.68 Premiums and accounts duo and in process of colleotion JL170,040.09 Accounts otherwise secured 40,629.50 Total net assets . .$1 tt.614.VU7.e0 LIABILITIES, Reserve or amount necessary to reinsure outstanding rlSks 4.613*388.74 Losses due and unpaid . „, 1.196,688.82 Other liabilities of the , company ...... 386.422Jl Total liabilities 6.148.096.17 Capital 2.000.000.00 Surplus 4.362.741.63 Total .$ia.M1.737.80 Greatest amount In any one ..risk 300.000.00 Greatest amount allowed by the rules of the company to be insured In any one city, town or village .v.. 75.000.00 State of Indiana. Offloe of Commissioner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of tbe State Wit of the Condition of tho above mentioned Company on tho 31st day of December 1924, as shown by the original statement and that the said original statement is uow cn file in this office. In testimony whereof I hereunto subscribe my name ana affix my officialese*! (SEAT.I this 9th day of April. 1925. T. 6 McMUIiBAY. JR.. Oommlasloner. Statement of CondlttoU of th* Hartford Fire Insurance- <Jo. Hartford. Conn. 690 Asylum Ave. On the 31st Day of Deoembar, 1925 g. M. BISSBLL. President. . J. GLAZIER, Secretary. Amount of Capital paid up . 8 8,000.000.00 NET ASSETS OF COMPANY. Cash In banks (on Interest and not on Interest).... $ 4,466.598-60 Real estate unincumbered. . 8.872.465.00 Bond and stocks owned (market valuo) 87,423,647.94 Mortgage loans on real estate (free from any prior incumbrance) 783,800.00 Accured securitise (internet and rents, etc.) 584,515.20 Premiums and account* due and in process of collection 0.997,00057 Accounts otherwias secured 1.000,160.82 Total net aeeets. ...... .$78,027,579.49 liabilities. Reserve or amount necessary to reinsure outstanding risks $45515.809.69 Losses due and unpaid.... 6.906,796.89 Other liabilities of 'the com. pany 2,810.500 00 Total liabilities .$33,544,101.08 Capital 8,000.000.00 Surplus 16,483,771.84 Total $T8.0973T5.42 Greatest amount In an j one risk ~ .... State of Indiana, office of Onnimi—loner of Insurance. 1, the undersigned. Codunlselonsr of Insurance of Indiana, hereby certify that the above is a correct copy-of ths statement of ths condition of the above mentioned company on the 81st day of December. 1924. as shown by ths onrlnal statement and that the said original statement ta oow on file in this office. , In testimony whereof. I hereunto sub scribe my name and affix my official seal HSEAL) this 9th day of April 1925 T. a. McMURRAT. JR.. Commissioner.

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