Indianapolis Times, Volume 40, Number 153, Indianapolis, Marion County, 16 November 1928 — Page 9

NOV. 16,1928

SELL AIRPLANE BY ‘PAY WHILE YOU RIDE' PLAN Installment Buying Started in Aviation; S3OO p Gets One. By Times Special ' NEW YORK, Nov. 16.—Installment buying, which has made it possible for many homes to have radios, washing machines and new dining room furniture, and which i has been a mainstay of the automobile industry for several years, , now has been applied with success to airplane distribution and seems likely to be taken up on a big scale by financing corporations interested In aviation. One manufacturer has been selling airplanes on the installment , plan for two years, with such success that the company has shown vastly increased profits, and has been able to increase its output un- • til it has become a leader in the field. Initial Payment j r The usual procedure in selling a plane on the installment plan is to require an initial payment of 30 to 40 per cent, as is generally the case In buying an automobile. Two indorsers are required on the note, both of whom must be business men and property holders. To the list price of the plane (there is a charge added of 11 per Cent for interest, risk, handling charges and financing costs. The balance, after the initial payment has been deducted, may be paid ir fen equal monthly installments. . Naturally, it is more expensive to finance the purchase of an airplane than an automobile, and this would hold even if the prices were equal This is because of the high insurance rates. Premiums Are High Insurance companies charge high premiums, but an investor wants to be assured that his money will be protected even if the plane is destroyed in a crash. A pilot who has very iittle capital may acquire a good plane by making a payment of S3OO to SSOO and engage in some form of commercial aviation to earn the money for his payments and make a profit besides Or a transport company may provide itself with a larger fleet of ships by using available capital for initial payments instead of paying all cash. WIDOW LANSING’S HEIR Estate Admitted to Probate Estimated at $250,000. Bn Times Special v WATERTOWN, N. Y., Nov. 16. The will of Robert Lansing, former Secretary of State, who died at his home in Washington Oct. 30, has been admitted to probate in surrogates’ court. According to the petition made by his widow, Mrs. Eleanor Foster Lansin, his estate exceeds $75,000, and she has the right to use it during her lifetime as she sees fit. After her death the residue is to become the absolute property of his sisters, the Misses Katherine Ten Eyck Lansing and Emma Sterling Lansing, both of this city. Mrs. Lansing is named sole executrix. It is said the total estate will be approximately $250,000. CORONATION END~NEAR Dinner Saturday to Wind Up Japanese Enthronement. By United Press TOKIO, Nov. 16.—A banquet tonight and a dinner after ceremonial celebrations tomorrow will conclude the public ceremonies attendant upon the enthronement of Hirohito, emperor of Japan. The emperor then plans to worship at various ancestral shrines throughout Japan, returning to Tokio Nov. 26.

MONEY TO LOAN —ON—MORTGAGES STATE LIFE Insurance Cos. 1236 STATE LIFE BLDG.

PAY AS YOU WEAR MOSKINs 131 W. WASHINGTON ST.

Dress Up on Credit—- | Take 20 Weeks to Pay THE LIBERTY Credit Clothing Cos. ] SS North Pennsylvania Street

Expert Truss Fitting at 129 W. Wash. St. Store Abdominal Supports and Shonlder Braces HAAGS CUT-PRICE DRUGS

Furniture, Rugs, Draperies and Interior Decorations ♦ Sander & Reckei Furniture Company Meridian at Maryland

Woman Leader

P < tjf $& .jjjgjSjtfofc: v NiHS ■£:• jfiraraßl

—Photo by Moorefleld Mrs. H. P. Willwerth is chairman of the west division of the women’s army of the Community Fund drive. She and realy 4,000 other workers are determined to reach this year’s quota of $781,800. FIRST MEDAL OF HONOR WAS AWARDED IN 1863 Six Raiders Into Confederate Territory Won Reward for Bravery. WASHINGTON, Nov. 16.—Search of war department records disclosed that the first award of the congressional medal of honor, the nation’s highest decoration for valor, was made on March 25, 1863, to six enlisted men who were members of the raiding party that penetrated confederate territory for 200 miles in April, 1862, captured a locomotive in Georgia and attempted to destroy bridges and track between Chattanooga and Atlanta. These men were Private William Bensigner and Robert Buffum, and Sergeant Elihu H. Mason of the 21st Ohio infantry, Sergeant Jacob Parrott and Corporal William H. Reddick of the 33rd Ohio infantry, and Sergeant William Pettinger of the 2nd Ohio infantry.

Ride GJilOtrND MOTOR Jb TRANSIT MANAGBMINT COMPANY Formerly Jjneg, BLUE BOOSE LINES BLOOMINGTON . . $1.50 BEDFORD .... 2.50 FRENCH LICK . . [3.60 EVANSVILLE . . . 4.95 Again Greyhound Lines pioneer with high class motor transportation at low cost Low fares, similar to above, offered between almost any points in America. Greyhound Lines, largest nationwide system, guarantees your safety and comfort over every travel mile. New, luxurious, powerful buses. Make fast time. Skilled drivers. Courtesy everywhere. Most frequent schedules. Tickets and information at depots. Traction Terminal Bus Depot Illinois and Market Sts., Phone Riley 4501 Downtown Ticket Office, Claypool Hotel 118 West Washington Street Phone LINCOLN 2222

Cfo Greyhound < F rT.

Used Furniture WANTED CaITMAIn 3929 Washington Furniture Cos. 361 W. Washington St.

[SILVER FLASH ANTI-KNOCK —Silver Flash quality and stops the knock, too.

i Room Outfit $1 I* itr fl' t iani il ruinjttin* ■ I HWItFlRNiriRltO iU llni/t </ TiUdf In TF RMS 844 -South Meridian \t 1 —• ■ 1

Poor Teeth—Poor Health Can Yon Afford to Neglect Yours f Good Work—Moderate Prlcee The People’s Dentists 36 West Washington Street HOURS—B a. m. to fl p. m. Snnduys—9 a. m. to 12 m.

REPLACEMENT PARTS KITCHEN KOOK NEW PERFECTION PURITAN FLORENCE Also Wicks (or Various Makes of Oil Stoves VONNEGUT’S E #£! .

PROVING MAYERS TO BE INDIANAPOLIS' A\OST POPULAR JEWELRY STORE fj i Opining

... ... ...... .

a brilliant, genuine, fl sparkling diamond. V t. e yi k) [ lIM W mil

//(>//// ff f //// Mayer $50.00 lir Diamond ; E x quisite flower , fjpjt JuJs, Tff design mounting < i. .rilil.ril hll I

New Finger Rings Njj We made a sensational ( purchase in order to | 1 offer these rings at , ' m?!L Topazs, Rubys with a < band of tiny seed i 1 tsk'S Sgk pearls. Wihte gold mountings!

THE INTHAHAPOLTS TIMES

'\ i

Open Saturday Tft \\/TvT pOC Open Saturday Evening (o) DL/E/KO Evening 42 WEST WASHINGTON STREET 3 Doors East of Illinois St.

10,000 Blankets GIVEN AWAY! A large 66x80 woolly, sateen-bound blanket given with every purchase of $15.00 or more! Be here bright and early! Make your selections now—have your purchases laid away until Christmas.

Dainty Tonneau White gold-filled en- C Off graved cate. Guaran- S' SmL J teed movement. ONLY 50c DOWN! Fine Rectangular Jeweled reetang- _ ular with white S .50 gold-filled rase. " fa Luminous dial. mk dlf ONLY SI.OO DOWN! Men's 17-Jewel Illinois Watch The genuine. White gold- C. Mfc A CA filled, plain or S' Mu engraved ease. 181 Bold numerals on silver dial. ONLY SI.OO DOWN!

Choice of Men's Regular $19.50 Handsome ,/M Full-Jewel Guaranteed Plain or ‘g’fc A TB Engraved 3 A MMMT&mT c ° s "j§Pmm WATCH / f ®p en ' n ß s°i e mw'Sp. / this kind at SIO.OO. Positively a senVj - satiou! An accurate and dependable j " PAY ONLY 50c DOWN!

Men’s 17 -Jewel Guaranteed “ELGIN” ‘ Q WATCH / i z\‘ Thin s> jes ’ —“ filrtOi i\ \ plain or cn- " |!mu \ I *l \ graved eases. f ~ \\Mrt , / 'y ■# A new model . ttnPf/5\1.-l ■ Just received ~ VyV\ \f\sjTl from famous Get - > nlnkers ' Your m ffi'l N qOc Blanket , FREE! DOWN!

“Elgin” Watch, Knite, Chain watch with knife and ~ TTnwrt 1 chain to match. Special terms. °

Diamond Watch Solid white gold A _ _ set with two S diamonds, f o u r “ dßa wJB sap p h Ires. 15- _Jj® Jewel. ONLY SI.OO DOWN! Guaranteed, ac- . curate move- <S3 ts Q S meat. Mannish S' H J case, luminous dial. Cowhide strap. ONLY SI.OO DOWN! Men's Bulova 15-Jewel Hulova in white gold- A 8 *JC filled, engraved Y W /|l •/J cast. Radium nuni e rala and hands. ONLY SI.OO DOWN!

Men’s 17-Jewel f%. “ILLINOIS” WATCH S %2’ SO K\ Nat i o nally VAUIw known, fully W\\ fr> . ,nrnn 1 P f p 'Hi t 0 r y an <1 Get and ourselves ' sl-00 Blanket _x.,, vt FREE! DOWN!

10-Piece Toilet Sets Colored to please the most modern _ __ taste. Every boudoir necessity in a GL Agr beautiful gift case. Truly a wonder- SJ? ful value and a wonderful gift as 111 JgL well. *** ONLY sOc DOWN!

Bridal Pair Diamond ' ! Beauty—Both Rings |l TB jj > of Solid 18-Kt. White Gold H J KjtJSI j ONLY SI.OO DOWN! A

R Diamond : Exquisite de s i gn, ( manskip, contain-l < Vet, iped>l

r Diamond^ ust a tou °h of the | woderni Stic this lovely new 18-kt. solid gold mounting; f J o ou n and only at mg j dyer’s. The dia- ! ffi&jffar JHjf J uiond is exceedingly b<>d * atifnl ' * an *

Sllvw^j~g^ sign. Here’s your opportunity to purchase a /r complete service for six ff people at a big saving. II Wf)f^| ONLY 45c DOWN! J

PAGE 9