Indianapolis Times, Volume 38, Number 40, Indianapolis, Marion County, 28 June 1926 — Page 5

JUNE 28, 1926

YEAR BOOK TELLS OF GROWTH OF CHURCHSUPPORT Congregational Church Has Its Best Year in Its History. Statistics indicating last year was the best yet in the history of the Congregational 'churches in the United States are contained in the denomination's new ear-Book. A net increase cf 22,665 in membership, anew record for a year’s growth, is reported; the total membership now is 901,660. The total funds reported raised were $25,493,536, an increase of $807,664. The amount raised for the regular or apportionment benevolences, including home and foreign mission®, was $3,186,803, an increase of $74,283 over the previous year. This increase together with preceding increases which have marked each year except one since the war, is considered especially noteworthy as a number of denominations are reporting large shrinkages from the high level of missionary giving attained five or six years ago. The Congregational increase in annual apportionment benevolences since 1918 is $1,829,729. The amount given in 1918 was $1,357,064. Figures available for the first four months of 1926 shows that the giving is continuing to steadily increase, the apportionment benevolences for January to April being $27,812 ahead of the same months for 1925. An average increase of S4O in the annual salaries of pastors is reported. The average salary now is $1,969; in addition to salary, threefourths of the churches provide parsonages. Special aid averaging over $125.00 annually is also available to the pastors for their pension fund accounts. The year book which will be mailed to all pastors of the denomination, is Issued by the executive committee of the National Council of the Congregational Churches in the United States; its statistics are compiled from the annual reports of the individual local churches for the calendar year of 1925. An increase of 10,41)3 In Sundaj Bchool enrollment and of 2,423 in the membership of Young People s societies is reported; the total Sunday school enrollment is 797,987, and the membership of the Young People’s societies total 121,910. The number of new church members received upon confession of faith was 45,722, andrihe whole miniber of new members received, Including those added by transfer and restoration as well as by confession, was 74,930. Both the number received by confession and the swiiole number received are the second largest for any year. MAKE GIFT OF ORGAN Widow Presents Memorial to Woodruff Place Church. Mrs. C. W. Craig and her children will give a SIO,OOO organ to the Woodruff, PI. Baptist Church in honor of her late husband, it was announced at corner stone laying services of the new three-unit church building Suncay afternoon at E. Michigan and Walcott Sts. Speakers were the Rev. F. G. Kenny, director of religous education of the Baptist Church of Indiana, and the Rev. L. C. Trent, church pastor. CHURCH GROUND BROKEN New $150,000 Building for Meridian v Heights. Construction of the new church building for the Meridian Heights Presbyterian congregation at FortySeventh St. and Central Ave. will start this summer, following ground breaking ceremonies on the site Sunday, it was announced today. The structure will cost $150,000. Ceremonies were under the direction of the Rev. Thomas R. White, pastor. Prayer was offered by Or. G. L. Shepard, a charter member. CHOIR GIVES RECITAL Junior Organization at Church Presents Benefit Program. Several bouquets of beautiful flowers used to decorate the Immanuel Reformed Church, Prospect and S. New -Jersey Sts., Sunday night for a recital of the Junior Choir, were to be delivered today to Sunnyßide Saftitarium. A. large crowd attended the concert which was given under the direction of Mrs. F. E. Crostreet, organist. The proceeds which totaled LjEAD COLDS Melt in spoon; inhale epoM| ■ ■ apply freely up nostrils. VICKS ▼ Vapoßub Qtnr 17 Million Jar* Utmd Yearly

$2.75 MICHIGAN CITY $2.75 WALKERTON $2.40 ROCHESTER Round Trip SUNDAY, JULY 4 0 Train leaves Indianapolis Union Station 7:00 a. m., Mass. Ave. Station 7:08 a. m. VIA NICKEL PLATE ROAD Also low fares daily and week end, with liberal limits to these and other resort points. For complete information phone R. C. Fiscus, A. G. P. A., Cl rcle 6800; Union Station, MAin 4567; Mass. Ave. Sta. tion, MA In 212%

Pretty Slayer Out Again

Winona Green, the Southwest’s prettiest murderess, has escaped for the second time from the Arkansas Women’s Prison at Jacksonville, Ark. She was serving a life sentence for killing her father-in-law and mother-in-law.

over ssl will go into a fund for the purchase of a church organ. Members of the choir who gave special numbers were Emmlind Junius, Mildred Kord, Evelyn L. Crostreet, Ruth Wagener, Mildred Jasper, Mildred William, Edna Kiewitt, Lawrence Kiewitt, William Schultz, Edward Bloemker, Harold Schortemeier, Frederic Crostreet 'and Robert Schultz.

Reducedfares to New York and return $454? A 15'd.ay vacation— Visit New York City in summer time- 1 -ample hotel accommodations— shopping center of the world —miles of ocean beaches —boat trips on Hudson River, Sound and Harbor —theatres and a thousand points of interest. See Niagara Falls —one of the world’s wonders—more gorgeous than ever, bathed in its night-time illumination. Down the historic Hudson —wonderful views, as you tiavel along its si lore —West Point and the famous Palisades. Circle Tours Round trip fare . . . $55.48 These tours combine rail, lake and ocean trips over many attractive routes. Tickets good 60 days. Final return limit October 31. For booklet and complete Information call or add/ess City Ticket Office, 1H Monument Circle, phone Main 0330, or Union Station, phone Main 4567. J. N. Lemon, DV. Pass. Act., 112 Monument Circle. BIG FOUR ROUTE To St^lLouis f Seven daily modem trains enable you to leavevfor St. Louis, mom- ir.dtan.pons st^ni. ing, neon, afternoon or night as sr## P .m. m # 12:00 noon 5:50 p.m. your convemence dictates. Parlor S : 12 p mcars and dining airs serving ex- l'.™. VmIS: cellent table d’hote meals on day trains. Modem sleeping cars Jj: JXJ^SS 11 ! iJtsa m on night trains. at. Boston . . 12 40 p.m. *Hudson River Limited” _. . . Ls. Indianapolis 12:00 noon Three famous trains to New York York • and Boston embodying the finest " Cnu*erboc*er spedoi” > . , • Lv. Indianapolis 6:25 p.m. equipment and providing every Ar. New York . 5 : 00p.m. . . Ar. Boston . . 7JO p.m. travel luxury. AU Schedules Standard Time Tickets and reservations at: City Ticket Office, 112 Monument Circle, photic Main 0330, and Union Station, phone Main 4567. J. N. LEMON, Division Passenger Agent, 112 Monument Circle. BIG FOUR ROUTE

II DOWN GUYING WORRYING LABOR LEADERS OF O.S. Workers Spending Their Money Faster Than They Get It. Timet Washington Burrau. 1322 Sew York Avenue WASHINGTON, June 28.—The Nation’s doUar down and dollar a week orgy A* worrying labor leaders as well as bankers, economical experts and Henry. Ford. Workers and other moderately salaried people are spending their money faster than they get it, the trade journal of organized electrical workers declares in a critical review of installament plan buying In the June issue. Insinuating Salesmen "Insinuating salemen,’’ asserts a pamphlet issued recently from the Typographical Union headquarters, “trained In selling-psychology and in ‘credit desire,' abetted by wives jealous of neighbors’ display, are constantly waiting to take the breadwinner In a weak moment and unload something on him. “Good wage3 and healthful working conditions cannot add greatly to the wage earner’s happiness if he persists in getting into debt. The root of the evil Is the tremendous growth of the credit business, which in the last decade has raised a need of defense against the high pressure type of salesman.” Sort of Peonage Arthur Pound, writing in the Atlantic monthly says: “Union labor has plenty of good, selfish reasons for objecting to an arrangement which in effect, enforces on conscientious workmen a sort of peon-

THE INDIANAPOLIS TIMES

age. A union man carrying a load of contract debts is likely to Buffer long and stand much. In a strike he must have more help from headquarters than his fellow who has larger savings, untapped credit and few or no obligations.” Henry Ford, flivver king, criticised, installment plan selling in a Detroit interview Saturday as tending to destroy the workers’ purchasing spirit. Grubs feed by winnowing the water with a pair of flat brushes spread opt like fans, so that minute fragments floating In the stream are caught in the mouth.

Circle Theatre company New Financing

$600,000 LINCOLN SQUARE REALTY CO. (Incorporated under the Laws of Indiana) 6 Per Cent Cumulative First Preferred Tax Exempt Stock Dated July 1, 1926 Par Value Shares SIOO Each CAPITALIZATION Authorized and Issued Preferred Stock $600,000 Common Stock . $600,000 Exempt in Indiana from all State, County and Municipal Taxes (except Inheritance Taxes) and from the Federal Normal Income Tax. Quarterly dividends payable on the first days of January, April, July and October. First dividend payable October 1, 1926. Callable upon thirty days’ written notice on any dividend date at 102 and accumulated dividends. FLETCHER AMERICAN COMPANY, Indianapolis Registrar and Transfer Agent MATURITIES AND PRICES Maturity Amount Price Yield % Maturity Amount Price Yield % July 1,1929 $17,500 101.25 5.55 July 1, 1937 $-40,000 100 6.00 July 1,1930 20,000 101 5.70 July 1, 1938 42,500 100 6.00 July 1, 1931 25,000 100 6.00 July 1, 1939 45,000 100 6.00 July 1,1932 27,500 100 6.00 July 1, 1940 47,500 100 6.00 July 1,1933 30,000 100 6.00 July 1, 1941 50,000 100 6.00 July 1,1934 32,500 100 6.00 July 1, 1942 50,000 100 6.00 July 1,1935 35,000 100 6.00 July 1, 1943 50,C00 100 6.00 July 1, 1936 37,500 100 6.00 July 1, 1944 50,000 100 6.00 Securit\‘ This issue will be secured by anew building to be erected at 128 to 142 West Washington Street, together with its equipment, and an 89-year leasehold estate ip the land thereunder fronting 126 feet on the north side of Washington Street and having a depth of 195 feet, being bounded on the east by the alley adjoining the Claypool Hotel and on the north by Court Street. The estimated total cash cost of this project, including building and equipment, based on architect's estimates, will be $1,252,456, without placing any valuation Oti the very valuable ground leasehold. Lease to Circle Theatre Company: T he circle Theatre " Company has purchased with the cash proceeds of sale of $600,090 of its own Common Stock, all of the Common Stock of the Realty Company. Furthermore, the Realty Company’s entire property has been leased for a period extending to and including July 1, 1944, to the Circle Theatre Company (whose statement shows a net worth of $1,087,265 exclusive of its Common Stock ownership of the Lincoln Square Realty Company), at a rental sufficient to pay all preferred stock obligations both as to dividends and retirement of principal, ground rent, taxes, and all Other expenses of the Realty Company. Therefore, the combined net assets of the Circle Theatre Company and estimated cost of the Lincoln Square Realty property totaling $2,339,721 secure this issue. Building’ The new building will be strictly fire-proof and will feature ths old Spanish type of architecture throughout. It will contain a beautiful, modem and luxurious motion picture theatre seating nearly 3,500 persons at one time and a magnificent ball room on the top floor, which will be served by high speed elevators. Lounging, smoking and rest rooms and a play room for children will be available on the ball room and mezzanine floors. There will be bowling alleys and billiards in the basement. The remaining space -in the building will be used for commercial purposes. Location ‘ * ocat * on the property of the Lincoln Square Realty Company is Approximately 200 feet from Washington and Illinois Streets, the busiest comer in Indiana and is within the hotel, theatrical and shopping districts of the city. Almost every streetcar line in Indianapolis passes within 300 feet of the door of the theatre, and Washington Street and the nearby intersecting Capitol Avenue are main through traffic thoroughfares. The Indianapolis Traction and Terminal Station is only one block distant. Safeguards: The usual safeguards surrounding the use of the proceeds J & ’of this financing, completion of the building free of all lie.is, taleor incumbrance of the property, ample insurance, restrictions on floating indebtedness and on salaries to officers and dividends on the Realty Company Common Stock are provided. Fletcher American Company has the right to representation on the Board. Management • The entire property will be operated by the Circle 6 * Theatre Company. The Board of Directors of the Lincoln Square Realty Company comprise the following: A. L. Block, George C. Forrey, Jr., Fred C. Gardner, Robert Lieber and Leo M. Rappaport. r v Architects, Rubush and Hunter.

Titles and all proceedings relating to these issues have been passed upon by Messrs. Smith, Remoter, Hambroo\and Smith and Messrs. Rappoport, Kipp and Lieber , Complete descriptive circulars will be furnished upon request In case of over-subscription the right is reserved to make allotments /V Fletcher American. Coiupantf -4 ** ' 4 Affiliated with THsTLEtCHER American National Bank • DETROIT .INDIANAPOLIS LOUHVILLB f ijJJS fcj&Sw ' “ reU * ble, * nd While - no* ,n * _ ,I,r,nte * them, they th . a nd.„ Securitiei Ccmmi{ion Certi/ktitc >(o. 3 *T -rl?i**iy^*;y‘. l " l 1 **

RECEPTION FOR EVANS WOOLLEN Neighbors to Honor Senate Aspirant Tuesday. Neighbors of Evans Woollen. Democratic nominee for United States Senator, short term, will hold a reception in his honor at 7:30 p. m.

Tuesday at Odd Fellows Hall in , Broad YUpple. Woollen, Albert Stump, Democratic long-term nominee, and William D. Headrick, Democratic norfilnee for Seventh district representative in Congress, will speak. 1 Frank F. Maly is chairman. A reception committee is composed of; Grover Parr, chairman; John Eubank*, Pearl Robert*. Ren Blue. Frank Lease Howard Conahrln. Charles Steinmoler. Mrs. W. H. Huff. Nina Pearlntrer. Laura Clark. Mrs. Grace Eubanks. Mr* Hors Settle. Mies Flossie Roberta. Willard J. Gemmlll. A. V. Ammerman. Lee Swsils. Adolnh Setdensti-kir E. K. Welllver Paul Smith William R. Bassett. Ralph Miller, Howaid H. Petes. Ed G. Dorey Leo F. Welch. Walter <■ Lewis. Harry E. Taylor, Thomas W. Fitzre>-al<t Paul F. Rook ford. Ed ft. Miller. James W. Myers and Kirk McKinney.

Members of the women's reefcption committee are: Mr. Grover C. Parr, chairman: Mr*. Row Cillsspy. Mrs. Frank Brrsnl- - Earle Mr*. Frank Atkins. Mrs Woodbum Maw mi, Mr*. Howard Bair*. Mr* W H. Unit. Mis. Jessica Hoff. Mrs. Frank Lease. Mi*. Clara Lease. Mr*: Frank Adams. Mm. Walter O. Lewis Mr*. Edward Earle. PIANOS CHRISTEN A-TE AGUE PIANO CO. j 237 X. tVnn. St.

$600,000 - CIRCLE THEATRE COMPANY (Incorporated under the Laws of Indiana) Common Stock Par Value of Shares SIOO Each CAPITALIZATION Authorized Issued Common Stock • . . $1,600,000 $1,600,000 Preferred Stock .. . None Bonds ~...i . . None Exempt in Indiana from all State, County and Municipal Taxes (except Inheritance Taxes) and from the Federal Normal Income Tax. Initial dividend rate 7 per cent. Dividend* payable quarterly. First dividend payable October 1, 1926. FLETCHER AMERICAN COMPANY, Indianapoll* Registrar and Transfer Agent Business' The Circle Theatre Company, organized In 1915, own* tha * Circle Theatre at 45 Monument Place, a one-half interest in the Ohio Theatre at 42 West Ohio Street, and a three-fourth* intere*t in the new Up Town Theatre at College Avenue and 42nd Street, all in Indianapolis. These three theatre* are operated on a profitable basis. The Company will also own and operate the new Indiana Theatre and Ball Room Immediately to be built at 128 to 142 West Washington Street, Indianapolis. The total seating capacity of the four theatres will be about 9,000. Real Estate Holdings ; Company will also own directly, of ° through realty company subsidiaries, valuable long term leases on three of the largest improved down town properties in the City; namely the Circle Theatre property, west half of the English Hotel site, and the site to he occupied by the Indiana Theatre and Ball Room. The English Hotel site constitutes one of the finest locations in the City for another theatre or for any commercial purpose. The Company’s statement ■hows net assets of $1,687,265. .... * Earnines' °f these properties are operated on a profitable basis. It ® * is conservatively estimated that, with the new Indiana Theatre and Ball Room and other entertainment features in full operation, th® Circle Theatre Company, after all operating expenses, local taxes, leasehold rentals, but before Federal Income Taxes, will show net earnings of not less tl.an $250,C00 per yeai (over 15% on the entire Common Stock), a /ailabla for dividends and expansion. Management' Management and control of the Company will con- ® ’ tinue in the same men who have developed the Company's business from its inception to its present pre-eminent position. The officers and directors of the Company are; A. L. Block, President; Robert Lieber, Vice-President, Leo M. Rappaport, Secretary; Fred C. Gardner, Treasurer; Theodore Stempfel, Auditor; Edgar O. Hunter and Herman P. Lieber. PurbOSC of Issue: P roccecl> Os this block of stock will be used J ’ to acquire the common stock ownership of the Lincoln Square Realty Company, thereby paying a part of the cost of construction and equipment of the building which will house the new Indiana Theatre and amusement center. This offering is made to enable the public to participate in the investment and earnings of an established and growing enterprise serving the general public, all the previously outstanding stock of which has been, and will continue to be, held by a very small group of individuals, who have also subscribed for a large proportion of this additional issue. Dividends: The Erectors o{ the Company have signified their intention . ’ of placing this stock on an initial 7% annual dividend basis, payable quarterly, the first dividend to be payable October 1,1926, for the three months ending on that date. The owners of $1,000,000 of the Common Stock have agreed to waive their right to dividends during the period of construction of the Indiana Theatre property and for ninety day* thereafter to whatever extent might be necessary to assure dividend* at the annual rate of 7%, during that period, to the purchasers of the $600,000 Common 6tock herein offered. Application will he made to IvJl on th a Indianapolis Stoc\ Exchange PRICE'-SIOO Per Share Netting, at the Initial Dividend Rate, 7 Per Cent t * f Subscribers to the Lincoln Square Realty Company 6% Preferred Stock are given the right to purchase simultaneously a like amount of Circle Theatre Company Common Stock before any allotments are made on subscriptions confined to the latter issue. Thi* right will expire not later than June 30th. 4

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Nowon A . 1 Savings £f-% Indiana National Bank