Indianapolis Times, Volume 39, Number 99, Indianapolis, Marion County, 2 September 1927 — Page 6

PAGE 6

NAVAL OIL IS SEALED UP IN BIG RESERVES Fields Restored After Long Court Fight and Production Halted. Su United Press WASHINGTON, Sept. 2.—The naval oil reserves which are leased out by Albert B. Fall now have been practically sealed up and the millions of barrels of Navy fuel are being held in the ground against the day of need. v Control of these tremendous oil fields was restored to the Navy Department, effective Aug. 1, by executive orders of President Coolidge canceling the famous Harding order putting the Navy oil in the hands pf Fall then Secretary of Interior. The great California naval reserves have been restored outright to the Navy Department, Doheny’s Elk Hills lease having been canceled by the United States Supreme Court. Doheny made three small California leases with Fall about the same time as the big Elk Hills lease. Suit for recovery was brought by the Government on the ground of fraud. Closed Twenty-One Wells The Navy has closed all of the twenty-one producing wells bn the California reserves which once had en output of 1,500,000 barrels a year. The Teapot Dome reserve in Wyoming, leased to Sinclair, is now held by receivers pending the outcome of the Government’s suit to cancel the lea,se. The Government lost in the trial court, but won a reversal in the Appellate Court. Final decision will be made by the United Btatd Supreme Court. Meantime production has been

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held down to about 900 barrels a day, the receivers taking the position that they should protect the interests of the Government by retaining as much oil as possible in the ground. Teapot Dome is estimated to hold between 25,000,000 and 30,000,000 barrels. Experts of the geological survey are making anew survey now and these figures may be revealed. Only Two Drilled Only two new wells have been drilled in Teapot Dome since the receivership went into effect March 13, 1924. Those were necessary to offset wells put down outside the reserve line by private companies. Before the receivers took charge, Sinclair had, under his lease, taken out oil valued at $2,200,000. The Government will be reimbursed if it wins its suit. The Navy has entrusted Its oil reserves to Rear Admiral Rousseau and Capt. H. A. Stuart is again ip active charge. He had charge of, the oil reserves under Josephus Daniels, who insisted upon keeping the oil in the ground when efforts were made to open up the reserves to private drilling. He was taken off of the assignment when Rear Admiral Robinson came in and supported the Fall leasing policy. Plan Philadelphia Terminal By Times Special PHILADELPHIA, Pa., Sept. 2. Representatives of the Baltimore & Ohio Railroad announce they will seek an immediate agreement with the city looking to the erection of a new $10,000,000 terminal and office building at the site of the present station at Twenty-Fourth and Chestnut Streets.

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EXCURSION CINCINNATI *2.75 R TT P d Shelbyville .... $ .65 Greensburg . . . sl.lO Batestille .... $1.50 SUNDAY, September 4 Special train of (til-steel equipment will leave Indianapolis 7:00 a. m.j returning leave Cincinnati 8:00 p. m.. Eastern Time, same date. BASEBALL Cincinnati Vs. Pittsburgh For tickets and fnll particulars call at City r ' cket Office, 112 Monu-me-it Circle, ..hone Main 0330, or Union Station. BIG FOUR ROUTE

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CELEBRATE EXPANSION Standard Nut Margarine Salesmen to Join in Picnic. More than 100 salesmen for the Standard Nut Margarine Company are expected to take part in the company’s celebration today and Saturday of the completion of the new addition to the plant at Roosevelt Ave. and Lewis St. Salesmen and trucks of the company herded through the business district this morning. A picnic and chicken dinner at Broad Ripple Park wil* follow the parade. BORER INTO NEW AREAS Fourteen Counties of tate Now Are Infested. Spread of corn borer infestation to two new northeastern Indiana counties, bringing the total to fourteen, is announced by State Entomologist Frank Wallace. Total number of infested townships soared to 111, with today’s report from

What Are Ifou Wforth by the Hour? This Valuable Service Saves Time When It Means Money to You . Yet It Need Cost You Nothing |||B||||||VERY time you pay by check you save valuable time jjrpl ~ some hmes only a few minutes, often more. Take a IB month’s cancelled vouchers and estimate the value of the time it would have taken to make the same pay* ments in cash. Then multiply by 12 to set the yearly saving. The amount will startle you. ■ \ Checking service has other values to you, too. It gives you a legal receipt. It makes efficient, easily-kept records of financial transactions, visualizing expenses for easy control. It keeps your money in a safe place, yet the purchasing power is always at your pen’s point. Probably over 90% of all business transactions today, involve the use of checks, but with increased banking costs, many accounts, profitable ten or fifteen years ago, actually represent , a loss to the bank today. \ The surplus left on deposit is the bank’s only source of revenue from checking accounts. If funds are checked out as soon as deposits are made, naturally there is no surplus, „*o revenue and no compensation to the bank for the service. Yet it costs the bank just as much to handle 32 checks for the man who keeps no surplus on deposit as it does to handle 32 checks for you with a reasonable reserve always in the bank. A checking account, properly used, is an important source of profit to you. Talk it over with your banker and arrange to put it at work immediately. Citizens State Bank Maple Road State Bank South Side State Bank Roosevelt Avenue State Bank Sixteenth Street State Bank East Washington State Bank Broad Ripple State Bank City Trust Company Belmont State Bank Marion County State Bank Security Trust Company The Fletcher American National Bank Washington Bank & Trust Company Irvington State Bank Meyer-Kiser Bank Forty-Second Street State Bank The Indiana National Bank Fletcher Savings & Trust Company Farmers Trust Company Virginia Avenue State Bank The Peoples State Bank Madison Avenue State Bank East Side State Bank The Union Trust Company The State Savings & Trust Company The Continental National Bank Bankers Trust Company Aetna Trust & Savings Company Northwestern State Bank Central State Bank 'V•i:’ ' • •' , ' MAKE YOUR CHECKING BALANCE AMPLE FOR OPPORTUNITIES

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Auburn, State field headquarters. New townships in St. Joseph Cc”nty, hitherto an uninfested county are: Harris, Clay and Elkhart, the other new county, has Jefferson, Baugo and Benton townships infested. Jefferson and Scott townships m Kosciusko County were added to the list. PLANES PACK NUGGETS Russia’s Klondike Connected With World By Quick Delivery By United Press MOSCOW, Sept. 2. Russia’s Klondike has been connected with the outside world by airplane for delivery of the gold nuggets dug from the earth in the rich Aldan goldfields of Siberia. The gold deposits were formerly several days’ travel from the nearest railroad, when the journey out was made by pack-horses and sleds, loaded with gold. Now the gold is rushed out in a few hours by airplane.

INSANE PATIENTS ARE TREATED WITH COLORS Ruby Hue Found Best for Melancholia and Depression By United Press PZCRIA, 111., Sept. 2.—A patient suffering from melancholia or depression in the future will be placed in a room decorated chiefly in ruby tones, if the treatment of Dr. feeo. A. Zeller, Superintendent of the State Hospital at Bartonville, 111., becomes general. Dr. Zeller, who already “prescribes” colors for various troubles of patients committed to his care, says that violet as a predominating color scheme and violet glasses

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What Have Your Teeth to Do With 111 Health? We are constantly being asked by patients, “What have my teeth to 5o with, my sickness?” The world has come to know through physicians and others that bad teeth mean bad health, that the infection from a decayed tooth or an ulcerated gum lasts as long as the condition is unattended. If your teeth are bad and your health is low, you need dentistry. If obtained here it is a high grade service at low cost. “There Is no need of fear of OUR PRICES the dental chair at The People’s . Dentists. I had teeth taken out Ct ™\ ** “ nd p " °° ? and didn’t know they were out ® r i ,d ‘ e Work ’ W and * 5 pcr ‘ ooth —just thought the doctor was 11ln "* , ~p getting ready.” *“ clal w Se s ', ,10 J" up —Mrs Dora Doran, Extraotlne Kree Whe „ nates or 1027 W. Brook. Brldses Are Ordered. The People’s Dentists 36 West Wash. St. Over Gausepohl’s Trunk Store HOURS—B A. M. to 6 P. M. Sunday,' 9 A. M. to 12 Noon.

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