Indianapolis Times, Volume 40, Number 5, Indianapolis, Marion County, 17 May 1928 — Page 2

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JJ. S. SURVEY SHOWS. PROPERTY VALUES HERE ARE HIGH

BEST BUSINESS I SITES GIVEN AT $12,000 A FOOT Comparison Made of Cities With Population of 400,000 or More. RESIDENTIAL LAND $l5O Scales Down to S2O, Report Shows: Cincinnati Placed Highest. The price of best business location property in Indianapolis averages $12,000 a front foot, community business legations average S4OO a front foot and highest grade residential property $l5O a front foot, according to a comparative survey of property of forty cities received by the Indianapolis Heal Estate Board today. The survey was made by the N. J. Upham Duluth. Minn., : with the aid of real estate boards. i Indianapolis property values in many cases are higher than those of other cities of about the same population, the survey shows. lusts City at 400,000 The report credits j with a 400,000 population and an es- I timated growth of 4 per cent a year. | In comparison to the $12,000 a j front foot valuation of properties j in Indianapolis, the report shows | that Kansas City, with an estimated j population practically the same and ' a 5 per cent estimated yearly growth ; has an average valuation of SIO,OOO to $12,000. New Orleans, with an estimated population of 425,000, growing at the rate of 3.5 per cent a year, has a $12,500 a foot average valuation, and Seattle, Wash., population 429,000 with a 5 per cent annual growth, has only a $6,000 best business valuation. Cincinnati, with 450,000 population, growing at the rate of about 1 per cent a year, has an average price of $22,000 a front foot for the best business district, and $2,500 for small community business, the latter comparing to S4OO a front foot for small j community business locations in In- < dianapolis. Kansas City High New Orleans and Seattle are listed with community business locations at S2OO a front foot, while Kansas City estimates the value of similar property between $2,000 and $2,500. Local realtors point out that the high value of community business locations in Kansas City and Cincinnati results from the hilly ground on which the cities are located, making necessary highly developed and concentrated business sections. Highest grade residential prop- j erty in Indianapolis, valued at $l5O a front foot, is compared to $75 in Kansas City; $350 in New Orleans; S2OO in Seattle, and $l5O in Cincinnati. Fully improved subdivision values are more nearly equal, being SSO in j Indianapolis; S6O in Cincinnati; SSO J to S6O in Seattle and $35 in New j Orleans and S4O in Kansas City. | Subdivision at S2O Good grade subdivision property I with limited improvements in In- j dianapolis averages S2O a front j foot, according to the report, the same as in New Orleans and Seattle, compared to sls in Kansas City. No estimate of the value of similar property in Cincinnati is given. As shown by the survey, Pittsburgh, with 637,000 persons, 56 per ~ cent more than Indianapolis, has "an average business front footage price only 25 per cent more than Indianapolis, while small community business locations regularly sell for S3OO a front foot, 25 per cent less than the price prevailing here. The survey covers cities ranging ' in size from Ann Arbor, Mich., with a population of 28,000, to Chicago, with a population of 3,100,000. A fish weighing 673 pounds is reported to have been landed with a rod apd line by an angler in New Zealand.

Cute in a BabyAwful at Three -and it's Dangerous by Hath Brittain.

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Thumb sucking does look sweet in a baby, but it is disgusting in ihe three-year-old and sometimes it hangs on until fifteen or sixteen! The habit may cause an ill-formed mouth or induce adenoids; and it always interferes with digestion. Pinning the sleeve over the hand; attaching mittens, or putting on cardboard cuffs, which prevent bending the arms at the elbows, are some i of the ways to stop ihe habit. Another bad habit—irregularity in bowel action—is responsible for weak bowels and constipation in babies. Give the tiny bowels an opportunity to act at regular periods each day. If they don’t act at first, a little Fletcher’s t'astoria will soon regulate them. Every mother should keep a bottle of it handy to use in ease of colic, cholera; diarrhea, gas on stomach and bowels, constipation, loss of sleep, or when baby is cross and feverish. Us gentle influence over baby’s system enables him to get full nourishment from his food, helps him gain, strengthens his bowels. Castoria is purely vegetable and harmless—the recipe is on the wrapper. Physicians have prescribed it for over SO years. With each package, you get a valuable book on Motherhood. Look for Chas H. Fletcher's signature on the yvrapper so you’ll get the genuine.— Advertisement.

INDIANAPOLIS AIRPORT WEATHER CONDITIONS AT 9:30 A. M. (Compiled for The Times bv Government Weather Observer J. H Arminston and Donald McConnell, Government aeronautical observer. Southv est wind. 12 miles an hour: barometric pressure. 29.99 at sea level; ceiling, 2,000 feet; visibility. 3 miles. Praises Airport Site Hu railed Peer* RICHMOND. Ind., May 17.—This city's site of 100 acres for an airport has been approved by W. O. Snyder Jr., Federal airways extension superintendent. He told local aviation enthusiasts the site was ideal and large enough for safe landing of even the largest planes. Mayor Likes Aviation Li u Time* Speeiul. BLOOMINGTON, Ind., May 17. “Bloomington must have an airport,” was the declaration of Mayor John L. Hetheringtcn after attending the dedication of the Bed-ford-Mitchell Field, where he took a ride in a plane. The local port proposition has been under discussion for some time and is being fostered by the Chamber of Commerce. Terre Haute Interested Bn Time* Special TERRE HAUTE, Ind., May 17. Aviation enthusiasts here are elated over announcement of plans for a trans-continental air line sponsored by railroads and aircraft companies, as they believe this city would be among those the service would reach. Air Meet at South Bend Bn Time* Special SOUTH BEND, Ind., May 17. K tu 7 0-day air meet, the first in the city's history, will be held Friday and Saturday, features to be contests between planes, including seven entered from the Sweebrock airport at Ft. Wayne, and a contest for election of an Air Queen, who will Christian the new plane of ; the St. Joseph Valley Aviation Club. No Air Line Accidents r.V l ailed Bee** STOCKHOLM, May 17.—Since ( the inauguration of its service four years ago, the planes! of the Swedish Aerotransport Com- j party, Sweden's national flying con- ! cern, have covered nearly 1,250,000 , kilometers, without causing injuries j to passengers or damage to freight, j Os the 38,127 travelers who since j 1924 have used the machines of the ; Aerotransport, 14,695 were carried last year, or about 4,000 more than j in 1926. The amount of freight transported in 1927 was 83,035 kilograms, while 6,998 kilograms of mail were carried. The Aerotransport Company maintains extensive flying routes within Sweden, as well as to Berlin, Hamburg, Helsingfors, Copen- i hagen, and Amsterdam, with connections for Paris and London.

Plane Off to Nicaragua B>i l nitci! Press MIAMI. Fla., May * 17.—The United States Marine transport monoplane destined for service in Nicaraga left here at 5; 15 a. m., today. Lieut. H. B. Palmer, commanding officer, hoped to make the overseas hop to Nicaragua in fourteen hours. The monoplane arrived from Washington, Tuesday. Long Flight Planned NEW YORK. May 17.—Lieut. Camilo Daza, Colombian aviator, who plans a flight from New York to Bogota the end of this month, arrived here today on the United Fruit liner Sixaola. His flight is sponsored by the Colombian minister of war. Daza’s airplane, Elcondor de los Andes, Swiss Wild X biplane, powered by a Jupiter 420 horse power motor, will be assembled shortly at Mitchel field, from where Lieutenant Daza expects to start. The Colombians plan to leave for Bogota via Mexico and Central America. His itinerary includes a first stop at St. Louis, then Mexico City, Managua, Colon, Barranquilla and Bogota. Air Safety Device Shown PARIS. May 17.—Demonstrations were being made at Lebourget flying field today of. anew safety device intended to keep an airplane automatically on its course without the pilot’s attention. Further demonstrations are to be made next week at various European capitals. Legionnaire Here by Air Rufus R. Rand, Jr., national executive committeeman of the American Legion, arrived at the Hoosier airport at 11:30 a. m. today. Rand took off in his own monoplane from Minneapolis Wednesday afternoon, but weather conditions forced him to return there. He then took a train to Chicago and flew the remainder of the way on this morning’s N. A. T. plane. Rand is here to attend the annual two-day session of the executive committee at legion headquarters today and Friday. College Air Race Set By United Press WASHINGTON. May 17.—Ttte first intercollegiate air race for the Loening tropsy will be held June 16 at Mitchel field, New York, and the judges will include Col. Charles A. Lindbergh, according to announcement today from President Porter Adams of the N. A. A. The trophy is donated by Grover Loening. Thea Plans Sea Dash Bit United Press NEW YORK, May 17.—Fraulein Thea Rasche told the United Press today that she expects to take oil

Baltimore-Rome By Air

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Left to right in the top photos you see Captain Peter Bonelli, Roger Q. Williams, and Cesare Sabelli, who intend to fly from Baltimore to Rome in the Bellanca sesqui-plane pictured below. Bonelli will be navigator, the other two pilots. They were photographed at Hadley Field, N. J.. where the plane had its first trials. The flight is said to have the backing of the Italian government.

from Newfoundland within a month on a nonstop flight to Berlin. She finally has decided upon a StinscnDetroiter plane, she said. The lack of a suitable runway at New York fields from which to take off with the :eavily laden plane and the limited gasoline capacity of the Stinson-Detroiter decided the flying fraulein against making a nonstop flight to Berlin from New York. LIBRARY BOARD. ELECTS Oakland City College Head Named State Group Chairman. The State library and historical board has elected Dr. William P. Dearing, president of Oakland City College, chairman to succeeed William M. Taylor of Indianapolis, C. B. Coleman, director of the board, announced today. Other officers: Charles N. Thompson. Indianapolis, vice president, and Mrs. Frank J. Sheehan, Gary, secretary. A coinmitte has been named to present needs of a building for the State library, now located in the Statehouse. Kiwanians Visit Hospital Members of the Kiwanis Club held their weekly luncheon at Riley Hospital Wednesday and inspected that institution. Kiwanis has done much to make possible the hospital which has cared for 5,280 patients since it was opened three years ago, Administrator Robert E. Neff told the club.

Here They ■•’ f Indianapolis Speed Races Come! sr ft*. V® o *"*** £ Tn Patents, Satins; Bed, Spike and Medium Heels *4^s Never before have we carried such a mammoth selection. Fifty styles to Ams / —ls All Sizes

'-Where fashion and Sconomy Meet 4 WEST WASHINGTON STREET

THE INDIANAPOLIS TIMES

PLAN ELECTION JUNE 16 Board of Trade Names Group to Draft Tickets by May 24. Joseph A. Kebler today headed the nominating committee of the Beard of Trade. The committee named at the “primary” luncheon Wednesday will select candidates for the The committee will select the regular ticket, which -must be submitted before May 24. Independent ticket will be nominated by a petition bearing more than five names. Daihr Comment Bremen Fliers Here The Bremen fliers paid a surprise visit to Indianapolis yesterday afternoon and a hasty welcome was arranged by the Columbia Club and Chamber of Commerce officials. Indianapolis is always proud to have such distinguished guests. These fliers overcame many obstacles in crossing the Atlantic from East to West. We all can overcome obstacles if we build up a savings account at the City Trust Company

Jcnv TRUST COMPANY DICK. MILLER. fresiiUnl S) too E. WASHINGTON ST

CHILD HEALTH CAMP OPENED AT BRIDGEPORT Long List of Donations Is Announced at Meeting of Association. Formal announcement of the opening of the new child nutrition camp, organized by the Marion County Tuberculosis Association, was made at a directors’ luncheon today at the Lincoln. * . The camp is located .on an eighty acre tract along White Lick Creek just north of Bridgeport. It is for under-privileged children and was made possible,by gifts and revenue from the sale of Christmas seals. Names of donors and amounts contributed were read at the luncheon by Executive Secretary Mary A. Meyers. A total of $3,027.56 has been provided to assist the association in development of the camp project, she said. Society Gives Most The largest single bequest came from the Mothers’ Aid Society, which turned over the proceeds of a benediction in the will of Margaret McQuiddly. One of the camp buildings are to be named in her honor. The gift totaled $1,846.61. Other large cash gifts already made to the nutrition camp include the following: Miss Emma Claypool. $500; Mrs. Carrie F. Milligan, $300; Mrs. Frank D. Stalnaker, $250; Mrs. Charles S. Lewis, $225; Louis J. Bernstein, 100: Sunshine Club, SIOO, George C. Haerle, SSO; Mrs. Norma Haerle, SSO; Mrs. John J. Appel, SSO; The Cervus Club, SSO; Irvington Woman’s Club. SSO; Mrs. Sarah Wilson Barrett, SSO; Henry M. Day. SSO: Mrs. Agnes R. Heath, SSO: Scott C. Wadley, $25; Wm. T. Cannon, $25; Artemis Club. $25; King's Daughters of the Second Presbyterian Church, $25. Other gifts were from the following: Mrs. W. F. Sturm. Mrs. Ira L. Wilson, Mrs. Lilly B. Kahn, Mrs. R. S. Records. R. G. Batman. Paul Scherf. Frank Brodcn, J. H, Stark and Mrs. J. N. Thomas. Furnishings Pledged Pledges for furnishings and equipment were made public: Mrs. L. C. Boyd. SI,OOO for furnishing dormitory, Benevolent Circle: Mrs. Grace A. Wood, president, furnishing dining room; the Optimist Club, playgroun dequipment; Ladies' Auxiliary to Railway Mail Clerks, chimney and fireplace in living room. Saraha Grotto will support one child, Sunnyside Guild gave furniture for living room, Pan-Hellenic Association, kitchen equipment; Mercator Club, .screening; Womans Auxiliary to the National Association oof Retail Druggists, mu-

NEW ISSUE ? / 1 $2,000,000 THE CALIFORNIA JOINT STOCK LAND BANK OF SAN FRANCISCO 5% FARM LOAN BONDS Dated July 1, 1928. Due July 1, 1958. ( ISSUED UNDER THE FEDERAL FARM LOAN ACT Callable at par on July 1, 1938, or any interest date thereafter. Coupon bonds in SSOO, SI,OOO, $5,000 and SIO,OOO denominations, fully registerable and interchangeable. Principal and semi-annual interest (January 1 and July 1) payable in New York, Chicago, Indianapolis and San Francisco. Legal Investment for all Fiduciary and Trust Funds under the Jurisdiction of the Federal Government and acceptable at par as security for Postal Savings. EXEMPT FROM FEDERAL, STATE, MUNICIPAL and LOCAL TAXATION By decision of the United States Supreme Court, rendered February 28, 1921, Joint Stock Land Bank Bonds were declared exempt from Federal, State, Municipal and Local Taxation except Inheritance Taxes. SECURITY i . . . These bonds are the direct obligations of the California Joint Stock Land Bank of San Francisco, which is chartered under the provisions of the Federal Farm Loan Act to make loans in California and Oregon. The Capital Stock of the California Joint Stock Land Bank, amounting to $875,000, is owned by the Bank of Italy National Trust and Savings Association, which has a Capital of $37,500,000, and total resources in excess of $750,000,000. The oonds are secured by the deposit of an equal amount of first mortgages on farm lands-or United States Government securities. The mortgages are limited by Law to 50% of the appraised value of the farm land and ‘20% of the appraised value of permanent insured improvements thereon. The appraisements must be made bv Land Examiners, appointed by the Federal Farm Land Board. In addition to this security, the bonds, being the obligation of the California Joint Stock Land Bank, are backed by the entire capital, surplus and undivided profits of that. Bank. The issuance of these bonds and the collateral pledged as security have been approved pursuant to the Federal Farm Loan Act, by the Federal Farm Loan Board, a United States Treasury Bureau. I The following facts are taken from the March 31st, 1928, statement of condition of the California Joint Stock Land Bank: Loans - $14,137,783.92 Appraised Valuation 39,729,433.00 Acres Mortgaged 462,110 Percentage of Loans to Appraisement... 35.58% PRICE 103 Vi AND ACCRUED INTEREST TO YIELD ABOUT 4.55% f ~ TO OPTIONAL MATURITY AND 5% THEREAFTER * These bonds are offered subject to prior sale and change in price Fletcher Guardian Detroit Savings and Trust Cos. Company V INDIANAPOLIS Incorporated ' " The Statements contained herein are based npon information which we believe to be reliab'e, although we - can not guarantee their accuracy.

New State G. O. P. Leader

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Elza Rogers, Lebanon attorney (above) accepted the Republican State chairmanship Wednesday, announcing "my policy will be to recognize no faction, no bloc and to push the acitvities of the party to promote the entire ticket in the November election.” Rogers, a native of Boone County, is 51, is married and has an adopted daughter, Mildred. 15.

sical instrument: north side circle of Child Conservation League, draperies; King.fi Daughters. Second Presbyterian Church, $25: Woman's Guild of the Church of the Advent, seven dozen bath towels and fourteen dozen wash cloths. Others to Contribute Other groups which have pledged ■equipment and supplies at the in- ; stitution follow: Junior Auxiliary to ! the National Association of Retail Druggists, the Exchange Club, j Latreian Clubs and others. The general committee in charge :of the camp is composed of Ed Harris, chairman; Dr. Alfred Henry, ! Mrs. A. C. Rasmussen. Dr. E. M. ; Amos, Mrs. James Barrett, Fred A. Sims, Sol Schloss, Michael E. Foley, Mrs. J. A. Goodman. Joseph G. Hayes. Leo Kaminsky, Mrs. Charles ; M. Smith, John Lauck. Jr.. John W. Hays, Mrs. M. F. Ault, and Mrs. Alexander Jameson.

ROSE CROIX CHAPTER NAMES NEW OFFICERS Indianapolis Chapter of Rose Croix of the Scottish Rite elected William H. Morrison to the office of most wise master at the annual meeting of the order at the Rite Temple Wednesday night. Other officers elected are J. Ralph Genstermachei-., senior warden; Edward B. Raub, junior warden; Dr. Lewis Brown, re-elected orator for the twenty-seventh year; Edward D. Moore, re-elected treasurer; Fred I. Willis, re-elected secretary: Martin T. Ohr, hospitaler; James C. Gipe, master of ceremonies; Harry L. Orlopp, guard, and Frank Borns, reelected tyler. Indiana Sovereign Consistory will hold its triennial election r(Vt Wednesday night. The nineteenth through the thirty-second degrees of Masonry are conferred by that body.

.MAY 17. ls2Bi

JACKSON WILL SPEAK BEFORE STATE PARLEY Governor to Address G. 0. P. Convention Here Wednesday. Governor Ed Jackson will get a chance to speak before the Republican State convention here next Wednesday, despite the State-wide rumblings heard when it was reported he would seek election as one of seven delegates at large to the G. O. P. national convention. Whether Jackson gets the delegate's post.' according to the custom by which Governors are so honored or not, he will face the political organization which made him Governor and then watched indicted and tried on a charge of conspiracy to bribe Former Governor Warren T. McCray and escape by use of the statute of limitations. The committee on arrangements for the convention finally decided to sandwich Jackson into the Wednesday morning program along with half a dozen other speakers, at a session late Wednesday. Fred J. Purnell, Ninth district Congressman, will be permanent chairman of the Republican State convention next Wednesday and Thursday in Cadle tabernacle, it was decided by the arrangements committee. Ewing Emison of Vincennes, Second district chairman and arrangements committee chairman, said decision was made to transfer the con - ‘intion from Tomlinson Hall to Cacne tabernacle because of larger seating capacity in the tabernacle. The committee confirmed the selection of George M. Barnard, Newcastle attorney, as temporary chairman, and named Will B. Maddox of Bloomfield, secretary of the convention. Todd Young, Seventh ward chairman, was named sergeant at arms and Claude Stit of Wabash, chief usher. Nominating speeches will be limited to three minutes, and no speches seconding nominations will be permitted. Barnard’s keynote speech at 11 a. m. Wednesday will be followed by one by Purnell. Governor Jackson, Senator Arthur R. Robinson and Senator Jam"3 F w~ f -~ follow in order. Thursday’s session, when nominations will be made, wii! open at 9:30 a. m. The committee decided that platform suggestions be transmitted to Harry C. Fenton, State central committee secretary; to be handed the resolutions committee Wednesday night. With Emison on the arrangements committee are: Lawrence Cartwright of Portland: Schuyler A. Haas. Indianapolis; Miss Mary Sleeth. Rushville, and Miss Genevieve Brown, Winamac.