Indianapolis Times, Volume 37, Number 161, Indianapolis, Marion County, 6 November 1925 — Page 29
FRIDAY, NOV. 6, *925
OUTDRIVING OF TRAFFIC RULES WOR MENACE Club Official Decries Habit of Taking Too Much for Granted. Outdriving traffic regulations, a new menace in motoring, is branded as an increasing cause of automobile accidents by Todd Stoops, sec-retary-manager of the Hoosier Motor Club. By outdriving traffic regulations, he explains, is meant the habit of driving a car on the assumption that what isn’t seen, or what hasn’t happened, will be entirely favorable. Stoops places the new hazard in a class with the habit of outdriving brakes and headlights. In the case of headlights, ho points out, the habit Is to assume that if the road Is clear within the area illuminated there will be no immediate danger just beyond. "Observation made at principal points about the city show there is a pronounced tendency to take too 1W "Pape’s Cold Compound” Breaks a Cold Right Up
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hr’ce, thirty-five
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TTOUR Home is more de X serving of interior harmony. Make beautiful with New Mirrors, Pictures, Framing of Old Pictures or the resilvering of your'mirrors. Call us today. Lincoln 2254. (XxpglWnranfii 223-225 E. Ohio St.
Saturday Specials! Men’s and Women’s Waterproofed
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Another Large Shipment Regular $25 Ladies’ Transparent a- 7t - Oil-Silk Raincoats *|/j ** * SPECIAL WHILE THEY LAST B £■4* ALL SIZES FOR WOMEN AND MISSES A A
Women's and Misses' HIGH-COLOR M SLICKERS! 1 Ai\ —The Very Newest |Hfl QC j Novelties mUsJ I l j i\— Smart, Swagger, - . I \ AZZ Weather Coats a fI y /a\\V U i Our Price Only f y M \ll —Every woman wants one—-No wardrobe complete I f \ f { without one—Come expecting to find just the coat I / \ Al you want at a saving' that will surprise and delight I yjy"—-wS" ' —Other Splendid Values up to sls. ki W Men’s, W’omni.'i and Children’s a j as Genuine Towers Slickers "* ) | Specially priced at $7.60 down to A I Children's Dry and Wet Weather | COATS and CAPES 5 O Jjs f\ Ideal for school and general wear. All the p II very newest novelties. Specially priced at.... I I Goodyeap , “The House of Coats" ||f M j 45 Monument Circle —ln Circle Theatre Bldg. I
TWO HEROES ARRESTED Other Arrests Expected In Connection With Plot to Kill Mussolini. Bu United Press ROME, Nov. 6.—Two new arrests were made today in the alleged plot to kill Premier Mussolini. General and Guido Slataper, both holders of the Italian gold medal for heroic service in the war, were taken into custody and other arrests are expected from within the ranks of the disbanded anti-Fasclst organization, "Itala Libera.” much for granted,” says Stoops. “If the automobile driver sees the stopgo sign turned in his favor he assumes no pedestrians will get into his way. In other words, he proceeds to drive faster than the possibilities warrant. "Just because a traffic officer waves to a motorist to come on is no reason why the speed of the car should be too fast for a quick and safe stop should any other vehicles disregard the officer’s directions and come tearing out of a side street. “The situation is identically the same as driving in such a way as to require the brakes to work perfectly for every stop. There is no provision for providing a suitable margin of safety.” PAVEMENT IS URGED Delegation Calls Upon State Highway Commission. A delegation from cities in Indiana along the Illinois line called on the State highway commission on Thursday, urging that State pave State Rd. 7, which extends from Ft. Wayne to Kentland. Part of the road from Kentland to Huntington is on the Ben Franklin highway, which is a national highway. Both Illinois and Ohio have paved their portions of the road and the delegation sought to have the commission pave the Indiana portion. COMPLAINT IRRITATED Didn’t Mind Doing Washing, Dut , Couldn’t Stand Kicks. Bu Times Special DES MOINES, lowa, Nov. 6. — Israel Anderson didn’t mind doing the washing, hut when his wife kicked on the spots he left on the clothes he asked a divorce. PIAN SQUARE DANCES The Boys of Old Lang Syne will entertain at the Elks Club, Armistice day, Nov. 11, with old square dances, it was announced today. One set of dances will represent Civil War days and another World "War lays.
New Bungalow 2306 S. Penn. St. 5 rooms, garage, modern. For sale 'or trade. Terms. Civic Realty Cos. 1.1. 6050. Ere.—Ken. 27*5
OVERCOATS, TOPCOATS and GABERDINES Swagger good looking tweeds, covert*, Bombazines and rasßlmeres. Plain and novelty effects. All weather coats at a marvelous saving. Don’t miss them. S2O COATS, QT Special for Sat. . $25 COATS, 1 9 A C Special for Sat. . S3O COATS, dl/l AO Special for Sat. . <P * *.*/0 $35 COATS, Cl 7 QC Special for Sat... A I *vD S4O COATS, CIQ QC Special for Sat. . SSO coats, nr Special for D
OFFER HOME OWNING CHANCE
Pennwood Realty Company Builds Cooperative Homes —Can Be Secured for SI,OOO Down Payment— Balance Monthly. The Pennwood Realty Company, which is building Pennwood Homes, a cooperative housing project, at 3540-3560 N. Pennsylvania St., Is qn Indiana Corporation, having a paidup capital of $227,500, of which $130,000 is preferred stock maturing and being redeemable serially from 1927 to 3937. The remaining capital aggregating $97,500 is divided into 1950 shares of common stock having a par value of SSO each. This common stock has been divided Into twenty-six units of seventy-five shares each and these stock units are being sold to twenty-six pro prietary tenants at $8,750.00' for each unit of seventy-five shares, on a basis of at least $1,000.00 as a dow'n payment with the privilege of having the remainder of the purchase price paid out of the earnings from the property. These homes and the garages are reslgnated by letters of the alphabet from “A” to “Z” and each proprietary tenant gets a fifty year lease covering the particular home selected. Under the- terms of this lease, he pays in to the City Trust Company, Trustee, S9O a month, which fund is used in meeting one-twenty-sixth of the cost of operation, such as heat, light, water, outside repairs, maintenance and janitor service plus interest on deferred payments and the balance remaining at ench six months’ adjustment is applied to the purchase price of such common stock units. Pay Out in Twelve Years It has been estimated these common stock units will bo paid in from ten to twelve years on the basis above outlined, which then leaves the holder, the owner of a one-twen-ty-sixth interest in the Pennwood Realty Company, which in turn owns the entire property. When thi3 condition prevails, each proprie tary tenant will pay in to the City Trust Company, ’Trustee, or the agent of the property, such sum as will be necessary to meet one twenty-sixth of the corporate ‘ex penses of the Penwood Realty Com pany. On a basis of S9O a month, the Trustee will receive $28,080 a year, out of which sum it is estimated not to exceed $7,000 will be expended in costs of operation, leaving approximately $21,080 to pay interest on deferred payments and liquidate the same. To apply the same estimate on a single unit would result In tilt Trustee's receiving SI,OBO from each proprietary tenants of which $270 would be consumed in meeting oper. ating costs, leaving snlo for interest and to liquidate the purchase price. This presents a very favorable situation for the proprietary tenant in that he is receiving rfls shelter, garage, heat, light, ' water, refrigei ation and janitor service for approximately $22.50 a month. Managed by City Trust
To avoid the undesirable features of cooperative enterprise, the management and control of the property is vested in the City Trust Company or su2h other financial institution as shall be selected, which company shall make all leases and supervise the affairs generally of the holding company. This plan eliminates jealousies and unpleasant relationships and provides for an unbiased judgment on all matters pertaining to the welfare of the property. Needless to say, the terms of the leases are very stringent, carrying a forfeiture clause in case of misconduct on the part of the of the particular home, on. on the part of visitors in the home. The stringent terms, however, assure a proper environment for all proprietary tenants, without which the fundamental purposes of the whole project would fall. If the owner of one of the stock units, carrying with it a proprietary lease, does not care to occupy tl>e home covered by such lease, it may be sublet to a tenant meeting the requirements as shall be laid down by the management. The sub-rental in such cases may be paid to the agent for the account of the owner and all sums in excess of the S9O per month may be turned over to him or
Capital Plumbing Cos. Real Service Real Prices Hot Water Heaters and Automatic Pumps on the i*9wcli(iiintl Pwuncut Plans
New and Used Furniture CASH OR PAYMENTS WEST SIDE FURNITURE 438 W. WASHINGTON ST. Lin. 3055. R. T. Ritchey.
Reliable Wreckers ALL KINDS OF * Building Material Yard, 628 W. North St. BONDED WRECKERS Lincoln 3069
We Will Build You a Home Yon Can Pay Like Rent FLOYD PETERMAN 609 Maeraehnsetta A venae MAI a 7038. IRvington 2301.
GARAGES BUILT, EASY TERMS, $1 TO $5 PER MONTH. L. G. BRIGHTMIRE CO. 1101 N. Capitol Ave. Lin. 7810. Nights, WAsh. 4890.
THE INDIANAPOLIS TIMES
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applied on the purchase price tft the owners pleasure. The owner of seventy-five shares of stock has its investment in fairly liquid form, in that he can use it as collateral in borrowing money, or he can sell it at somewhere near its book value. If he finds it impossible to occupy the property himself, his right to sublet permits him to retain it as an investment. In selecting a home site, the most important problem is environment. Every man seeks to place his family in the most favorable situation possible among friends or among people he would like to count as his friends. The location of Pennwood Homes seems to be as well placed as could very well he planned. There is hardly a home in this neighborhood valued at less than $20,000. If the average business man had to
SUPERIOR (JR) MILLWORK 'Hi/ BURNET-BINFORD LUMBER CO. Thirtieth St, and the Canal Phone RAnd 0500
BUILDERS’ HARDWARE AND BUILDING SPECIALTIES In addition to a complete line of rough and finishing hardware, we represent such nationally known building specialties as Bird's ltoofs, Murhpy In-a-I)oor Beds and Flaxlinnm Insulation material. Let us show you how to make your home more attractive, more comfortable nd more complete. VONNEGUT
H. C. Curry & Cos., Mfrs. WINDOW SHADES 1102'/ 2 PROSPECT ST. FOUNTAIN SQ. DR. 9195
A Rybolt Furnace in Your Home Insures Comfort and Convenience for all (Olak.a of Furnaco nLr by Expert Mechanlca 632 Massachusetts Ave. ““^ o in 2 2&4
THE TILE WORK in the bathrooms of the beautiful PENNWOOD HOMES shown on this page done by WEGE-STANFORD MARBLE & TILE CO. 603 Odd Fellow Bldg. Main 6230
“None Better Mill Work" SPEEDWAY LUMBER CO. "EVERYTHING TO BUILD A HOME." Our Truck Bervlce Covers Marion County Herbert E. Hill, President BElmont 2000
Fletcher Ave. Savings & Loan Assn. Has Paid 6% Dividends on Savings for 35 Years 10 Eaat Market Street
LIGHT and POWER CALL LINCOLN 2371 A Representative will call to assiat ycu solve your Electrical problems. Indianapolis Light. and Heat Cos. Home Company. 43 Monument Circle. Edison Service.
LET THE COAL BIN STAY EMPTY KMS&diMSt Automatic Oil Burning System Hayes Bros., Inc. Distributors Main 2493
jT 3j JR™** iii T
tie up this money, it would be prohibitive. In Pennwood Homes, he has all the advantages of environment at a figure that is strictly within his means. He will, in a few years, have the new Shortridge High School in his immediate neighborhood and his children will have every advantage of the delightful location in the meantime. Saving Money Moreover, he is living in a manner that is altogether desirable for a man of moderate means and at the same time actually saving money on a SIO,OOO investment. He will at the end of the tenor twelve years it will take him to liquidate his purchase price, be living at the nominal sum of $22.50 a month and with all the comforts of a SIO,OOO home.
“Anchor your Savings to the Earth." Buy a lot in LE GORE-CREST Addition, on Madison Avenue, 3300 South. Ten minutes by bus from the Monument. DAN W. LE GORE 109 Peoples Bank Bldg. Main 8981.
"The question we are always asked,” said Arthur Baynham, builder, in discussing the project, “and one we cannot answer, is ‘why doesn’t everyone choose this manner of investing money and finding tho answer to his housing problem?’ For city folks it would seem to be the final analysis of their difficulties.” Lumber and millwork for Pennwood Homes was furnished by Bra-num-Keene Lumber Company. Tile roofing by Henry C. Smither Roofing Company. Tile work by the Wege Stanford Marble and Tile Company*. Cast and wrought railings for the stairways, made and furnished by Caldwell-Drake Iron Works, Columbus, Ind.,; individual Frigidaire refrigerating plants furnished and installed by Delco Light Company; building materials furnished by Allied Coal and Material Company'.
Furnace Repairs For ail makes. Good work and reaonahle prices. Ideal Heating Cos. liandnlpli 6161. 2437-39 Central Ave.
CO. 719 K. Maryland St. Drexel 0405.
MEAD-BALCH CONSTRUCTION CO. RAILROAD and BRIDGE CONTRACTORS POSTAL STATION BLDQ.
w. M ii PLUMBING M Um ••Sittchmann Poqmcnt Plan* J. C. CARR PLUMBING AND HEATING 1109 Prospect. DR exel 0159.
Each Unit of the PENNWOOD HOMES Is Equipped With TOE DELGO LIGHT COMPANY 1007 N. Meridian St. Main 2565
Pennwood Homes Pennwood Homes is being promoted by Mr. Arthur Baynham and the City Securities Corporation. We are proud of our work and believe when you see it you will say it is just about as good in point of materials and workmanship as anything you have seen. We have not wasted money in its construction nor have we omitted anything to be found in a SIO,OOO home. SIOOO Will put you in one of these homes—if your references meet the .approval of the management. The balance can be paid like rent out of the earnings from the property. The management lias been vested in the City Trust Company which assures careful management and protection to the proprietary tenant. | Your Selection Can be made now and will be held for you pending completion. You should get in touch with the City Trust Company if you are interested City Securities Corporation Dick Miller, Pres. C. Milton Kelly, Mgr.
■* PLUMBING *• —BuscVimaTm Payment Plaiv-
TILE ROOF AS MANUFACTURED BY LUDOWICI-CELADON CO. on the PENNWOOD HOMES furnished by SMITHER ROOFING AND SHEET METAL CO. Incorporated SHEET METAL AND GRAVEL ROOFING CONTRACTORS Office and Factory, 430 to 436 South Meridian Street Phone, Main 0937
THE LUMBER AND MILLWORK in the PENNWOOD HOMES shown on this page is in keeping with the beauty and workmanship of these homes. "We Harry" BRANNUM-KEENE LUMBER CO. LUMBER AND MILLWORK “The Largest “The Home and Best” of Quality” East Washington St. at Belt R. R. Phone Phone General Office Planing Mill IRvington 0404 IRvington 0333
BUILDING MATERIALS of Permanence and Stability Used Throughout the Construction of the Pennwood Apartments Furnished by The Allied Coal and Material Cos. Allied Building 14 West Ohio St. Lincoln 7581
The Cast and Wrought Railings for the STAIRWAYS * in the PENNWOOD HOMES Made and Furnished by Caldwell-Drake Iron Works Columbus, Indiana
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