Indianapolis Times, Volume 37, Number 215, Indianapolis, Marion County, 8 January 1926 — Page 22

SEE BUSY YEAR FOR BUILDING _______ * (Continued From Page 1) town streets will take first place a construction and new buildings,” Henley T. Hottel, head of the real estate department of the Washington Bank and Trust Company, said, "The buildings will not be of the skyscraper variety but they will represent good, wholesome investments and business.” Thomas F. Carson, Robert MacGregor," executive secretary of the Indianapolis Real Estate Board, Hottel and other real estate men Interviewed on the year’s conditions are optftnlstlc over the prospects and declare ‘things are beginning to open.” More Schools The erection of hotels, apartments, Institution Structures and schools are characterized “as the cream of the building program for the year.” "Never before'‘ has Indianapolis witnessed such an activity In insti-

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tutlon and school building,” they said. “All the buildlhgs of this kind now contemplated and under construction are great assess to Indianspoils.” There Is still a decided shortage of apartment space that will he taken care of. Everett Schofield, attorney and builder, plans to erect a new apartment at Twenty-Eighth and Meridian Sts,, and has others now under construction. Many Indianapolis real estate offices maintain lengthy waiting lists for apartment suites. * **'•*■ The year will behold unlimited exin some instances, is the prediction Many of the rental values have been held high. These will droo quite forcibly before many months pass, it Is said. /Although community centers in various parts of the city, have grown rapidly there will be a decided Increase In thi3 type of building this year. These centers consist of a series of business buildings erected within suitable distance of residence districts. More Smoke "There Is one feature that does not seem to be coming forward as

briskly as It might,” Hottel said. "I pansion la suburban rqAI (estate and acreages. Companies an# establishing real estate developipent departments that will concentrate only on suburban properties. Hottel said outlying lots are continually in dtemand. He said another high point of the year’s program will be small moderate priced homes. These houses will be durably built, containing four to six rooms, and will cost an average of about $6,000 each. Rental costs will decrease slightly believe the community In general will benefit If therd is more coal smoke In the cities. Better to wear masks to protect ourselves frdm the smoke than to have no smoke 7 and no Industries.” “The lands of speculation hold less enthusiasm to Indianapolis persona than they did some months ago. Day after day we find persons -who actually want to Invest In local'“real estate.' They are being cured of the high and mighty Investments and quick turnover,” manv said.

itU UNLHAjNA.t'OOita IUVIJUS

BISHOP FOUT TO TOUR Wife and Daughter to Accompany Church Head Abroad. Bishop and Mrs. H, E.\ Fout, 800 Middle Drive, Woodruff Place, and their daughter Miss Lois Virginia Fout, sail Jan. 30 for a three months trip abroad. Bishop Fout, head of the northwest area of the United Brethren Church, said the lrip la to serve as a and rest. He has-been 111 for several .weeks. Egypt, Portugal, Greece, Spain, Italy, Palestine, England and France, will be visited. The Bishop has been abroad several times before. HE LIKES PESTHOUSE Hu United Prees ANDERSON, Ind., Jan. B.—John Stanley maintained the county pest house as his castle today following unsuccessful efforts of trustees to oyst him. The trustees desired to convert the building into a county tuberculosis hospital.

INSURANCE IS LAUDED Millions in credit extensions are subject to extraordinary hazards, such as fire and loss of life to the person to whom credit Is extended, Mansur B. Oakes, Insurance ißesearch and Review Service president, told the Indianapolis Association of Credit Men at the Severin Thursday night. To offset this hazard, there is the vast reservoir of life Insurance company resources, he pointed out,ready and under contract to be tapped whenever the credit emergency arises. This economic arrangement puts credit loss btirdens on insurance companies, instead of widows and other relatives of dead creditors, he pointed out. U ■ prescription for Colds, Grippe, Flu, Dengue, Bilious Fever and Malaria

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LUMBER MEETING SET Indiana Retail Lumber Dealers’ Association will discuss the relation of advertising to the lumber busl-

Notice of Time Change—Blue Goose Bus Line Effective Monday, Jan. 11, 1926—Indianapolis, Peru, Ft. Wayne, South Bend NORTH BOUND SOUTH BOUNO i F.M. p.M, P.M.* P.M.* A.M. A.M.* A.M. Station* a.M. A.M. P.M.* F.M.* I’.M. P.M.* P.M.-l 9:00 8:80 4:00 1:00 11:80 10:00 7:00 * Indianapolis 8:40 10:10 1:10 4:10 8:10 7:10 10:10' 9:47 6:17 4:47 1:47 18:17 10:47 7:47 Carmel 7:50 9:80 18:83 8:28 8:80 8:88 9:28 10:00 6:30 4:57 1:57 18:30 10:57 7:57 ... Wentfleld 7:40 9:10 18:13 8:13 600 :18 *:18 11:10 7:40 6:05 3:03 1:40 18:05 9:05 Kokomo 6:30 8:00 11:05 8:05 4:00 6:05 8:05 18:10 .... 7:00 4:00 8:40 1:00 10:00 ...Ar Peru I.T 7:00 10:10 1:10 8:00 4:10 1:10 .'. 7:10 4:10 .... 1:10 10:10 ...Lv Pern At 9:50 18:50 .... 8:50 6:50 connection with busses of Indiana Service Corporation between Peru and Ft. Wayne and in with busses of Indiana Motor Bus Cos. between Peru and South Bend. UNION TRACTION COMPANY of INDIANA

news in annual convention Jan. 1314 at the Claypool. O. D. Haskett, Haskett Lumber Company president, is president of the association. ' John Sueler of Ft. Wayne: Elmer

i, JAiN. 6,

Luhrlng. Evansville: John Blnford, Crawfordsville, and Wallace Wolf. Lafayette; will lead the discussion. Haskett said the directors will formulate policies before the convention.