Indianapolis Times, Volume 37, Number 79, Indianapolis, Marion County, 13 August 1925 — Page 5
THURSDAY, ATTG. 13, InsS
GET INDUSTRIES FOR LOUISVILLE (Continued From rage 1) total sale being $1,024,600,” Ayres campaign was similar to iater Lil erty l oan drives, being conducted by teams and captains. There was intense friendly competition between teams of various business, such as real estate men, lawyers, doctors, wholesale manufacturers, and so on. ' Stock subscribers were to pay for stock in semi-annual installments over five years. Due to unresponsible subscribers, the war, subscribers moving away and other causes, only $73,308.22 was actually paid at the end ofthe five year period. The corporation has made efforts to sell stock, having a sufficient fund,” Ayres said. The campaign was conducted by volunteers, no one getting a cent. Total expenses of the incorporation and stock sale was $3,500, the cost 9f printing subscription blanks, sending telegrams, postage and clerical hire. The newspapers assisted. §IO.OOO Profit Ayres has a suite of offices and is assisted by three clerks. Total expenses of his office for 1924 was about SIO,OOO, which Included his own salary, and income from dividends and interest was $20,000. “We handle on the average one proposition in this office each day,” he said. "I would say 99 of each 100 never get by me. If I approve' a proposition made by some manufacturer to move here, after complete investigation of his business and his own business reputation, it goes to a committee of five directors. "If this committee approves the t position, the whole board takes ip. To get the approval of our board, ten directors must vote favorably. An investment by the Foundation in an industry is the best credit recommendation a business can have in this city.” Os th fifty-four industries brought in by the Foundation only twenty have required financial assistance from the corporation. “If they can finance their own moving and building, we encourage it,” said Ayres. Just this week the Foundation will sell $15,000 of its Government securities to complete payment on a factory building for the Hoffman Heater Company, which is moving from Lorain, Ohio. The building cost SIOO,OOO, the company financing most of it. Loans are repaid in semi-annual installments, furnishing a revolving fund to be put out again. Surplus money is invested in Government securities. After the deal this week the Foundation will have $40,000 in bonds on hand. Elect Directors Directors are elected each year for three years. They are nominated by the Board of Trade, although under Kentucky laws, any stockholder may vote for any other stockholder as director. A distinctive feature is that the Foundation is empowered by charter to keep supervise the business of any
Mid Summer PIANO CLEARANCE Now Is the Time Babv Grand We have a number of fine Baby Grands which we are IPIIF jS sis closing out at greatly reduced prices. At $397 you can buy f a brand new instrument of ,the latest design, as shown here. Ordinarily these grands would sell for at least $650. P Extraordinary Values Throughout Our Store We are cleaning our floor to make room for fall stocks Many Fine Makes in This Sale Don’t fail to see Ellington Grand Piano No. 13968 —a S9OO piano in mahogany case. Could not be told from new and in AC splendid musical condition. Will be sold for sj pggagSß Brambach Grand Piano, slightly used, sells everywhere for $635. We I ffiapsraa will guarantee the instrument to be good as new. Special low price Hi _ , if sold at once. Write us if you can’t call. jor* ■ M Wf®k Sale price J 425 ' I Three These Bargains Can Be Had on Easy Terms IVW PEARSON PIANO CO. to go at this low price. Various well-known .on w .. -cx j. , „ ___ makes, several different finishes. Easy terms. 128'130 North P&UlSylVclllici Street. Established 1873. Come early. „ ONE PRICE TO EVERYBODY
Greater Indianapolis Workers Meet at Office
Workers at the Greater Indianapolis Week headquarters, 27 X. Pennsylvania St. left to Right: R. W. Sanford, M. F. Clarke, Miss Bessie Reid, Dr. F. A. Holmes, H. O. McGee, Lieut. Claude Johnson, Mayor Shank, Lieut. Lewis L. Johnson, Ronius Stuart, John F. Walker and Lloyd Jeffries.
of its wards. So they if any industry which owes the Foundation money begins to decline, a Foundation director is named to straighten the plant out, much as court receivers do in other cities. It is one of the duties of a director to be ready for such a call. "One of the most Interesting developments, not thought of when we incorporated, is that unscrupulous promoters cannot locate here and bunk the people out of their money by a fraudulent stock scheme,” said Ayres. “Wherever, he goes, they ask him, ‘Well, what does the Foundation say about your proposition?’ and before long he shows up at our offices to find out. The'Foundation has saved the investors here hundreds of thousands of dollars’, although they know nothing about it." The Foundation originally bought preferred stock In the companies it brought to Louisville, >ut after taking a $46,000 loss on ore, a change was made and now first mortgage securities, based on a valuation on tangible assets only. >
TROLLEY IN COLLISION One man was slightly Injured about 4 a. m. today when an Inbound Brlghtwood street car collided with freight cars at Roosevelt Ave. and the Belt Railroad. Fred Destal, 1215 Ashland Ave., street car motorman, said he applied the brakes, but the tracks were slippery. Wallie Andrews, 65, of 2850 Adams St., a passenger,, was taken home, injured about the legs. The front of the street car was badly damaged.
LJEAD COLDS Melt in spoon; inhale vapors) ■ I apply freely up nostrils. VICKS v Va po Rub Peer 17 Million Jar* If tad Yearly
FAIR PROGRAM IS ANNOUNCED Special Days Designated, Extra Features. E. J. Barker, secretary State board of agriculture, today announced the official program of the Indiana State Fair which begins Sept-. 7, and continues five days. Monday is dedicated labor because of Labor Day. James J. Davis, secretary of labor, will speak at 10 a. m. Governor’s Day will be Tuesday. Mayor's Day and Indianapolis Day are the official designations for Wednesday. Thursday will he Farmers’ Day. Friday, civic social and business clubs in Indiana will be specially invited. Every afternoon four Grand Circuit races are scheduled. “Shakespeakere's Cleopatra,” a fireworks display will be given In the evenings. The horse show will be a nightly feature In the coliseum.
Results From The Start A thorough business college education will bring results from the day you finish training. There’s always a substantial demand for young people who can actually do the work business men want done. A mere smattering of a business education will not do. The training must be specific, definite and complete. Right now, the demand for competent office people is very brisk. Attend Indiana Business College at Marion, Muncie, Logansport, Anderson, Kokomo, Lafayette, Columbus, Richmond, Vincennes or Indianapolis. Chas. C. Cring is president and Ora E. Butz, general manager. Get in touch with the point you prefer, or see, write or telephone Fred W. Case, principal. Pl.Tin.TiTtmK Triwo„t. Flrnt Doer XnHli n* Y. w. C, A.. TndlananoHw
THE INDIANAPOLIS TIMES
PRICES WON’T BUDGE Shelbyville Dispensers Refuse 5-Cent Increase. BV Time* Sv-rinl \ SHELBYVILLE, Ind.. Aug. 13. “Back to normalcy," is the cry of local soda dispensers. Efforts of local merchants to raise all 10-cent and 15-cent drinks 5 cents proved futile today when some of the confectioners refused to agree. “We can’t make nothing at the present prices,” Is their cry.
No matter how severe or deep seated x the shin trouble may be.it usually responds to the comfort healing touch of Resinol
DOWNSTAIRS AYRES
POOP MERCHANDISE AYRES SERVICE 9£ LOW PRICES
August Sales Continue!
ANODKSSES XjLj'f J For Women and L Misses, August wSSSfStjSB! t/A i mYI Sale Priced W uit r 1 ff iS |f Jj Tomorrow I ~~ y —■ ■■■■■■ |i|| were marked down ' I I row’s selling—A typ- /A Spy / *rlrf ical August Sale of /jmm/ Sale A [7 / attractively styled W/ Price roc^s - ’’ Printed Crepes New Shipment Flat Crepes r— # —; of Cretonne George, Special Purchase of FlanCoats, $1.95 broadcloth ne l and New Sungloss Charming coats, so Trimming ideas vary, each Satin Frocks, $5.95 smartly styled and so interpreting the latest tend- New fall styles in clever belted effects practical. A fine coat at a encies, such as flares, lace, em- and with smart flares. Rose, green, cocoa, j price which enables one to broidery, etc. Henna, bronze, brown, crimson, black, blue, pansy and be in style at small cost. blue, apricot and multicolored steel. Sizes 16 to 46. — prints. Sues 16 to 44. ■■■■■
Early Fall fcx SHOE New Low Shoes in Advanced Styles Taken from the Boston Style Show Black satins, black patents and black velvets. Buckls pumps, stepin pumps, fancy straps, Theo ties. Sizes 3to 8.
New Fall Styles ir Hats! August Sale Price ’2.95 Smart new millinery just arrived from New York on display in the Downstairs Millinery Department. Popular new shades —beautiful new shapes—new styles for the fast approaching fall season —all are here. Beautiful silk Lyons velvet street hats for matrons and misses. Developed In black, wood, sand, pencil blue, green, tangerine, henna, pansy, gray, red and beauti ful color combinations.
_ A Downstairs •S. Ayres & Cos. st ore
mammßmmmKummmaßmmaammmmßmmtmmmmrnamacm AYRES’ “IIf*ANNEX T ~ KEN'S tr BOY'S WEAR. ft RUGS r Men’s Genuine Labeled English Broadcloth Shirts |a 3 for $3.50 Here is a sale that every man should get in on and pocket the savings. These are extraordinary values, tailored with precision; splendid fitting; highly finished cloth that will retain luster after long wear and laundry; COLLAR ATTACHED and NECKBAND STYLES; white, tan, blue and gray; sizes 14 to 17. , Boys’ 4-Piece School Suits, $7.45, $9.45 Perfectly tailored; up-to-the-minute styles; vest, two pairs fully lined knickers; sizes 8 to 17 years. Th/r j All-Wool o •- $13.75, $19.75, iVlen S 2 Trouser OUItS $24.75, $29.75
SUMMER WASH DRESSES ~ August Sale Priced .49 || 1 = Pretty frocks of printed voiles, pftiyten broad-striped and also hand-embroid- / 1 / ered ginghams; these are embroidered h in beautiful contrasting colors. Sev- " eral attractive styles in the wanted shades. All fast color. Sizes 36 to 44.
August Sale of Gingham 6C Yard 27 Inches wide. Checks and plaids in this season's pretty colors and combination colors. Owing to the euecial price there will be a limit of 10 yards to a customer.
Wash Blouses Reduced to 89c Dainty blouse of dimity and voile, neatly finished with embroidery and lace; many styles to select from; long sleeve overblouse style. Sizes 36 to 44.
69c Sale Summer * Lingerie GOWNS Os soft, non] nainsook and muslin; ' white snd flesh with bluebird pat. tern; some hand embroidered; short sleeve effects. Sizes 16 and 17. STEPINB AND BLOOMERS OF CREPE SHADOW BATISTE AND NOVELTY COTTON—Cut full and reinforced; white, flesh, peach and orchid. ATHLETIC BUITS fancy cotton weaves; cut full and well finished; white, flesh, orchid and boueydow. Sizes 36 to 42.
Tots’ Bloomer DRESSES $1 49 New styles, cunning and hecotnlng; fashioned of prints, pongette, satins, checkedand chambray ginghams; fast colo r e and fabrics that win launder nicely; dainty touches of hand work; also collars and cuffs In whits. Sizes 2 to 6 years.
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