Indianapolis Times, Volume 39, Number 72, Indianapolis, Marion County, 3 August 1927 — Page 5

AUG. 3,-1927

MERE PITTANCE AVAILABLE FOR LEVEEREPPS Federal Government Short of Money for Mississippi Flood Crisis. By Times Special WASHINGTON, Aug. 3.—The greatest Mississippi River flood # in history has left the Federal Government with only about $3,200,000 available for levee repair work. In making the estimate today, army engineers admitted there would probably be insufficient money to repair all the damaged enbankments before winter. y No additional appropriation will be available until Congress meets which will be in December unless President Coolidge calls an early session. Local Districts Poor The problem facing the Mississippi River commission is accentuated by the expected inability of some local levee districts to bear their share of repair and construction expense. The law requires local districts to bear one-third of any levee construction expense and the total of all levee maintenance expense. Districts in Louisiana \and Arkansas are especially hard pressed. Complete loss of crops has, in some cases, made levee taxes impossible. To step in and bear the full expense of levee repairs in such districts, the commission will not only have to find sufficient money but violate the law as well. Little Available Federal money now available comes from the annual $10,000,000 Mississippi appropriation made by Congress early in the year. Os the total, more than $4,000,000 was used in fighting high water and Mayor R. T. Coiner estimated today that at least $600,000 must be reserved for dredging and $2,200,000 for other work. Levees on the Mississippi proper will be repaired first, and those on the Atchafalya and lesser rivers of the system later, if the money holds out. Slocum Tablet By Times Special PERU, Ind., Aug. 3.—A bronze tablet pointing the way to the grave of Frances Slocum, heroine of Indian lore, is to be erected at the point where the Frances Slocum trail and the road to the Indian cemetery cross. The local Chamber of Commerce is sponsor of the tablet. Accused of Slaying By Times Special CHICAGO, Aug. 3. —Robert Stanley, 24, Otis, Ind., is held here, charged with the slaying of John Stopic, local bootlegger, in his room at a hotel July 22. Stanley denies his guilt.

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Fishing The Air BT LEONARD E. PEARSON All references are Central Standard Time

Radio and airplanes are becoming more closely associated daily. We recall the use of the radio beacon in directing the army planes on their California-to-Hawaii flight. Only last Monday ttfe announcement from Washington of the invention of a device known as the radio guiding channel. This will direct fliers over winding courses and through mountain passes. Its service in time of storms and fog will be invaluable. At the same time news comes from the Colorado Airways Company of its experimental work in airplane radio reception. It announces that it has found a six-tube receiver that is not disturbed by motor ignition noises and there is little interference with reception from this source. Already types of sets are being installed on government mail planes. The Ivanhoe Glee Club will be at the microphone of WDAF, Kansas City, at 8:30 tonight. The studio orchestra broadcasts

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Prices Are Very Much Lower at “The Victor” In addition to selling “Guaranteed Furniture” at lower prices, during the month of August, we offer special.and most favorable terms. You will be delighted with the many fine things we are offering—and you will fully realize what real values are once you visit the “Victor.” The Victor is conveniently located on Washington St., just IYz blocks west of Illinois St.

at 7:30 p. m. from WGY, Schnectady. Bessie Critcher is organist on the 7 to 7:30 p. m. program and" Johanna Grosse at 10 p. m. over WLW, Cincinnati. The Crosley String Quartet radios at 7:30 and the Crosley Instrumental Trio at 9 p. m., with Melvelle Ray, tenor. Tune in WHO, Des Moines, to hear the Bankers Life Little Symphony at 6:30 or the Riverside Park Dance Orchestra at 9:30 p. m. This will be a busy night for-the stations of the Red network. Its schedule will be: s:3o—South Sea Islanders. . 6:00 —Torre and Biviano, accordian and violin. 6:ls—William M. Klaiss, in the Organ Masters series. 7:oo—lpana Troubadours. 7:3o—Goodrich Silvertown Orchestra and Silver Masked Tenor. B:3o—Jack Albin's Orchestra. 9:lo—Cass Hagan’t Park Central Orcbestra (WEAF only). WLS, Chicago, will fl6sh its popular orchestral ‘hodge podge” from 9 to 11 p. m., featuring the Haymakers, A1 Melgard organist, and

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THltf INDIANAPOLIS TIMES

May and June clever duo. The hour preceding the opening of 4his number will be the all-State program. Here’s the bill of fare for WJZ and its Blue chain: 6:oo—Re-Told Tales. 6:3o—Davis Saxophone Octet (WJZ only ►. 7:00 —Maxwell House hour. 8:00—Our Musical United States (WJZ only). B:3o—Freddie Rich’s Orchestra (WJZ only). KFI, Los Angeles, radiocasts the syncopations of a dance orchestra at 9 p. m. The 5 p. m. twilight musicale of WAIU, Columbus, Ohio, features an organ recital. Marie Ludwig, harpist, and Rosie

THE MEYER-KISER BANK SOUCITS YOUR BUSINESS

A Bank Statement That Everybody Can Understand (Taken from our books at the close of business, Saturday, July 30, 1927) WE OWE DEPOSITORS $6,191,124.29 TO PAY THESE DEPOSITORS WE HAVE THE FOLLOWING: • . Cash on hand and in depositary banks $928,249.55 (This item represents cash in our own vaults and deposited to our credit in Nevjr,York and Chicago.) I / Call Loans $1,100,000.00 (This item represents money loaned on call in the New York market, secured by New York Stock Exchange securities and convertible into cash when called for.) Liberty bonds, U. S. bonds and treasury notes... $1,664,183.12 . (While we are carrying our government securities on our books at $1,664.183.12, the market value of them is approximately $1,759,183.12, or $95,000 in excess of what we carry them.) Total of cash and securities immediately convertible into ca5h.53,692,432.67 Municipal bonds $395,277.30 (These are the obligations of various cities and towns in Indiana and other states of the Union.) Foreign bonds • $23,626.50 (We are carrying a small but well selected list of foreign govefnment securities, which can be sold at once on the New York Stock Exchange.) Corporation and miscellaneous bonds $211,773.98 (This item represents our holding of corporation and railroad bonds, all of which are instantly saleable on the New York Stock Exchange.) Real estate preferred and miscellaneous stocks $526,451.83 (These are securities which our Bond Department underwrites and which we sell from day to day as other merchants sell their merchandise. Our average annual turnover of this class of investments is in excess of twelve million dollars.) \ Loans and discounts (individual loans to customers) $700,638.30 (This item represents advances made to depositors of this bank. Os the / above amount, $546,769.54 is secured by marketable collatei’al worth considerably in excess of our loans, and the remainder, $153,869.76, we regard as 100 per cent secure.) Collection account —bond department $8,337.89 (This item represents advances made to clients, against the collection of maturing obligations, interest coupons, etc.) Real estate mortgages $859,750.98 (Mortgages on improved city properties, in most instances for less than 50 f per cent of appraised value.) Banking house $545,000.00 (This item represents our investment in our beautiful twelve-story bank and office building, and in our banking room fixtures.) THE ABOVE,ITEMS TOTAL. .. $6,963,289.45

The Meyer-Kiser Bank

Vitto Sherman, violinist, play for receptionists of WMAQ, Chicago, at 8 p. m. Robert Badgley plays the chimes at WSAI, Cincinnati, at 5:45 and the Congress String Quartet goes on the air at 10 p. m. Hear the Detroit Symphony between 7 and 9 p. m. over WGHP, Detroit. Scheuerman’s Colorado Orchestra sends out an instrumental entertainment at 9 p. m. from KOA, Denver. About one-third of the world’s population—some 600,000,000 —are Christians.

We have a surplus, therefore, over our liabilities to our depositors of $772,165.16, which is the capital , surplus and undivided profits belonging to stockholders (not including our profit of approximately, $95,000 in government bonds above referred to) leftin our business as additional protection to our depositors .

Savings Investments

Our Safety Vault Is One of the Finest and Most Modern in the United States

NO CONVICTS ON SALE Howard’s Plan for Prison Labor Contract Held Illegal. Indiana prison labor is not for sale, Attorney General Arthur L. Gilliom ruled in response to a query from Superintendent Ralph Howard of State Farm. Howard proposed to finance anew building at the institution by money to be paid under a labor contract with a private individual. Such a contract would be contrary to the State law, says Gilliom. Swine Judges Elect By Times Special LAFAYETTE, Ind., Aug. 3.—Tfie following officers were elected at the

meeting of the Indiana Association of Expert Swine Judges held here Tuesday: Grant Riley, Thorntown, president; Oscar Sheets, Indianapolis, vice president, and P. T. Brown, Purdue University, secre-tary-treasurer. Fumes Cause Pneumonia By Times Special SHELBYVILLE, Ind., Aug. 3. Charles E. Ensminger, local business man, is seriously ill with pneumonia, which developed after he inhaled gasoline fumes. He was using a siphon in transferring gasoline from one tank to another, when the fumes rendered him unconscious, pneumonia developed shortly afterward.

Insurance Real Estate

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DE LONG CAUGHT AGAIN Alleged Liquor Hauler Provides Bond and Is Bound Over. Charles DeLong, 3855 English Ave., arrested Tuesday by Federal agents on transporting liquor charges, waived arraignment and was bound over to Federal grand Jury under $2,500 bond by Fac Patrick, United States commissioner. DeLong provided bond. A former Beech Grove marshal, DeLong has been arrested three times, once in 1925 and twice last year on liquor charges. He has a one to two-year sentence appeal pending in Indiana Supreme Court and another case pending in State courts.