Indianapolis Times, Volume 37, Number 279, Indianapolis, Marion County, 24 March 1926 — Page 3

MARCH 24,1926

PROSPERITY OF INDIANA SHOWN 9 BY I. U. REPORT Reveals State Is Short on Millionaires, but Long on Income. Bn Timex Special BLOOMINGTON, Ind., March 24. —lndiana is short on millionaires but long on average income, according to a report completed here today for the new Indiana Development Council, by Prof. L. D. Edie of the Indiana University bureau of business research, school of commerce. The report shows Indiana’s income in 1925 was approximately $1,725,000,000 and that the State ranks eleventh. The investigation reveals that only about four-tenths of 1 per cent of the population receive an income above SIO,OOO. Four counties, Marion, Lake, St. Joseph and Allen, together have a greater number of persona income tax returns than the other eightyeight counties of the State combined. There are only 181 millionaires in Indiana, compared with 16,634 for the United States. I Farm Income Gains Average farm income is estimated iat $1,494, as compared with $429 in 11921. That year only eleven States Liad a smaller farm income than In■ana. In normal years Indiana | Kinks about mid-way between the [ high and low farm income States. The report points out that 55.5 j per cent of the population in Indiana own/their homes, as compared with 36.9 per cent for the United States as a whole. Nearly two-thirds of all income in this State goes for wages, salaries and services. In the United States the percentage is about 10 per cept smaller. More Autos Indiana has one-third again as many automobiles as the United States and in degree.of saturation ranks eighth. There is one car for every 4.2 persons in the State. The average annual full time earnings for wage earners in factories is estimated at about $1,300 per year. More than 45 per cent of all wages and salaries in Indiana go to manufacturing employees, 3.8 per cent to mining employes, 4 per cent each to agricultural and construction industry employees, 42 per cent to trade, transportation and miscellaneous industrial workers combined. The table compiled showing average annual full time earnings for employes in leading occupations is as follows: Official superintendents and managers, $3,415; building trades, $1,765; clerks, $1,638; steam railroads, $1,604; manufacturing, $1,300; mines and quarries, $1,185; electric light and power plants, $1,144; clergymen, $1,072; teachers (men and women), $1,012; power laundries, $917; agriculture, $672. *NIPER TO DIE JULY 9 Bv United Prcfx OMAHA, Neb., March 24.—Frank Carter, phantom sniper who killed two men in a reign of terror here, was sentenced to die in the electric chair July 9 by Judge Charles Goss today. Judge Goss in overruling anew trial plea, allowed Carter to appeal to the Supreme Court and ordered the county to pay the expenses.

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Insull Announces World’s Largest Power Plant to Be Built at Ultimate Cost of $100,000,000.

Bv Timex Special . . CHICAGO, March 24.—A district that may soon embrace the greatest concentration of industry in the world is springing up along the shore of Lake Michigan south of Chicago. The dream of Samuel Insull, a modern genius of public utilities, already has converted what was once nothing but barren sand dunes, into a vast center of energy that surpasses the great valley of the Ruhr, in Germany. And now with one stroke of his pen the utilities magnate has indorsed plans for the construction on the lake shore just across the Indiana line of the largest steamoperated power station ever built. It will have a capacity of 1,000,000 kilowatts or approximately 1,335,000 horsepower. The initial cost will be $25,000,000 and the final one, $100,000,000. The Middle West has almost ceased to wonder at the accomplishments of Insull, the little giant of electric utilities. Almost daily his company, the Mid-West Utilities Corporation, announces the acquisition of properties in figures too large for any save the barons of finance to comprehend. Insull, a white-haired little man

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with pink cheeks, a patron of the arts, and "angel" of the Chicago Civic Opera Company, holds the bulk of the electric utilities interests of New England, Indiana and Illinois and a large block of similar utilities in northern Oklahoma: He controls the Chicago elevated and surface lines and the Commonwealth Edison Company, Chicago’s largest distributor of electricity. For a long time he has dreamed of making the sand dunes of Indiana and Illinois the center of the world’s largest power systenv and now it seems that his dream is coming true. The district from Gary, Ind., to Chicago is already an intricate patters of steel mills, power plants and allied factories. With the establishment of Insull’s big station, which is to be known as the State Line Generating Company, the district will supply all of the electric power for northern Indiana and Illinois and interrelating companies of the Insuli group.

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THE INDIANAPOLIS TIMES

BIBLE EXAMS TONIGHT Reformed Church to Confirm Class Sunday Morning. Ten boys and five girls of the Immanuel Reformed Sunday School, Prospect and New Jersey Sts., will table Bible examinations tonight, before the Rev. William Knierlm, director of religious education of the Reformed church. The consistory, parents and friends of the students will attend. Following examination, the Rev. Henderson L. V. Shinn, pastor, will preach the regular weekly Lenten service at 8:15. Members of the class who will be confirmed Sunday morning at 10:30 are: Misses Margaret Dirks, Margaret A. Guennemann, Ethel E. May, June McClellan. Erma Winkelmeier, Albert W. Anderson, Kenneth S. Campbell, Herman A. Gerdt, Edward A. Gerdt, Albert H. Pattmann, Donald R. Schortemeler, William E. Schneider, Albert Stedtler, Cedric L. White and Herman A. Ehlers. TWO WILL ADDRESS K. OF C. Ross Lockrldge, Bloomington historical writer, and William H. Booksecretary of the George Rogers Clark Sesquicentennial Exposition, speak Friday at a noon luncheon of the Knights of Columbus.

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