Indianapolis Times, Volume 41, Number 4, Indianapolis, Marion County, 16 May 1929 — Page 3

MAY IS. 1929.

MIDDLE-CLASS MAN BUYS UP U. S. INDUSTRIES 17.000.000 Own Stocks in Business Enterprises of Nation. BT JOSEPH 11. BAIRD. 1 mt*d Press Mart ( orrrspondent WASHINGTON, May 16 —A committee of outstanding financiers onomists and statesmen, headed Herbert Hoover, today announced he result of a year's “stock taking” n the American industrial plant. It found a smoothly functioning ' onomic machine, supplying a mar..rt of boundless potentialities. The fundamental economic strucure of the United States has not hanged between 1922 and 1929. the mod surveyed, the committee statThc era Ita.s been marked, though by the breadth and scope of inensified activity" in the business orld. American industry has bc--me so complicated with cacii part ) interrelated, that a delicate balnce must be preserved to insure its ability, the committee found. “Middle C lass” Progresses And therein lies the danger,' 'he report states. "That through gnorance of economic principles, or I ■ hrough selfish greed, or inadequate leadership, tiir steady balance will be disturbed, to our economic detriment.” The committee on recent economic changes, which made the report. is an outgrowth of President: Harding's unemployment confer- j cnce in 1921. The middle-class man is buying j up the nation’s industries, the report said. Whereas only 2,000.000 1 persons owned stock in business enterprises in 1922. the capitalistic j ( lass now numbers 17,000.000. This fact is attributed by the committee • to the saving habit. Business, it was found, has “do- j veloped anew degree of economy in the use of credit.” Popular confidence in the federal . reserve system has increased, and! prudent business management has! reduced price fluctuation to narrow limits, the committee reported. Productivity Gains "Productivity per man hour” has reached an unprecedented height, tlie committee said. Tt was nearly BO per cent greater than in the late 1890 sand rose 35 per cent from 1322 to 1925. Farm workers’ productivity rained “at a rate probable never before equaled.” Viewing future domestic markets, the committee found them limitOs the millions of clectricially wired homes, only one-third had noshing machines, it was said.! Slightly more than one-third had vacuum cleaners. About 70 per cent of American families do not have radios Because American buying capac--1 y has transcended the narrow limbs of food, shelter and clothing.! (here is a large market for these cml-luxuries, it was found. An average adult has twentye glit pounds of blood.

You Can Have Both Interest and Convenience From Your Checking Account Ail you need do to get interest on the money in your checking account at Fletcher Trust Banks is to keep your balance at SSOO or more. Every month that the balance does not fall below this sum your account is automatically credited with interest at 2^. Even if SSOO is more than you ordinarily carry in your checking account, it is not too much, for convenience sake, to have in the form of instantly available cash. Why not share in the interest which we are paying regularly to more than JTm- ; 1500 checking account depositors? j jfletcta ■i. I,r ' Fi. fv i . „-rf Main Office: Northwest Comer Pennsylvania and Market’Streets l : ££11! h; * - -*• -T 'fyi ipeSsw li- Si FLETCHER SAVINGS AND TRUST hvQ COMPANY IS A VOLUNTARY MEMBER Checking Accounts Certificates of Deposit Bonds Commercial Loans T"T " Savings Account* Real Estate Sales Personal and Corporate Trusts T% i !2 :, |ifKPM|!M|ijf S’ Mortgage Loan* Travel Service Foreign Service Real Estate Trusts }l|ff 3 dj 1i- PfHt*' |j| MB ■ U Insurance (except life) Safe Deposit Boxes Rentals-Building Management fi. yl 1 v CB * . jj. j)' ■ c Fletcher Joint Stock Land Bank: Farm Loan* ‘vjL-hvh" *’ F- I ai fil l mmrZS

Pioneer Teacher, Age 90, Dies After Days 111 ness

Ex-Pupils Will Pay Last Tribute Friday to Miss Ruth Huff. A saddened group of gray-haired men and women will gather Friday aftrenoon at a rambling farm- . house on the Allisonvillc road to ; pay final tribute to their teacher of a half century or more ago—Miss Ruth Luie Huff. 90, who died Wednesday after one day’s illness. Funeral services will be held at the home. R. R. 14, Box 114, Allisonvillc road, at 2:30 p. m. Friday. The Rev. R. Stanley Hendricks, pastor of the Castleton M. K. church, will officiate. Burial will be in Ebenezer cemetery on the Millersvillc road. For the last twenty-nine former pupils of Miss Huff have attended annual reunions in her honor at Broad Ripple park: Educated in the log school houses of pioneer days. Miss Huff began teaching when 27 and taught continuously until her retirement at 60. At the age of 5. Miss Huff fame to Indianapolis fronr’Ohio with her parents. David and Hanna Huff, and ten brothers and sisters. She was the last survivor of the family. She was a member of the Castleton M. E. church. The following nephews and nieces ■ survive: Mrs. Frances Webb, Miss Jessica .Huff. Mrs. Esther Van Hart, Harold Huff. Harold Noble and J. W. Noble, all of Indianapolis; Floyd Huff, Lawrence: Mrs. ’ Mary Neill, Bloomington: Miss Dora Huff and David Huff. Noblesville: Frank Noble. Kokomo: Miss Mabel Noble. Chicago and Bruce Cowlus of Kentucky. Screams Frighten Attacker The screams of Mrs. Elsie Doolittle. 1021 North King avenue, frightened away a Negro who seized her Wednesday night as she stepped onto the back porch of her home.

Miss Ruth I.uie Huff

FOST ASKS HOSPITAL Legion Petitions Congress for Action Soon. Congress is urged to take immediate action upon the bill appropriating $10,000,000 for additional hospitalization for veterans of the World war in a resolution adopted Tuesday night by John H. Holliday Jr. Post. American Legion at the First Presbyterian church. Post members arc to send personal messages to United States Senators Arthur R. Robinson and James E. Watson and Congressman Louis Ludlow urging them to do what they can to get action in the present special session. The bill now is sidetracked in a committee. The post also points to the need for the Indiana veterans hospital in Indianapolis, for which the bill provides.

Do You Feel : J| This Badly? _ Yes lie feels badly, for lie is bilious, headachy, ./ A# gassy and sour, both in stomach am. mind. This is Q the sad picture of what happens to met,, women and ’ ‘j. j children who suffer front poisonous acid i tomacli con- * • ’ --'5 c’itions leading- up to chronic dyspepsia. AC I DINE re- G’.j '' ’ | lieves indigestion, sour stomach and colds; sleep- ;‘ ’ ■„ j? lessness causer by gas, and rheumatism caused by , 1 acids. Chronic dyspeptics, as well as those who overindulge in food or drink, find ACIDINE with its re- , J nntrkably swift, safe and sure relief, almost priceless ! to them. Your druggist has it, or write Health Lab- Jjt of J oratories, Inc., Pittsburgh, Ta. •• , 'H V

THE INDIANAPOLIS TIMES

JUDGE TO RULE IN WILD SUIT Hearing in Case Against Realty Firm Ends. Superior Judge William O. Dunlavy Wednesday took under advisement the case in which Richard L. Lowthcr, receiver of the defunct J. F. Wild & Cos.. State bank, seeks to collect $172,000 from shareholders of the Elevator Realty Company, a bankrupt subsidiary of the bank. The allegations are that the bank loaned money to the realty company which has not been repaid. The first financial exchange between the bank and the realty company is said to have taken place in April. , 1921, when bank officials arranged to make up a $380,000 overdraft; the ! realty company had against the bank. Thomas Daily, defense attorney. : said the bank officials went out of 1 their way to save the bank's repuI tation of never having lost money j of an investor. “Perhaps the bank officials I realized there were violations of the i criminal code and were not only tryi ing to protect their slogans and I reputations but also their hides,” ! Daily asserted. “The result was that i the realty company ended up robbed 1 —robbed by the bank. If some of ! the money the bank paid for realty company stocks had gone back into ! it instead of being juggled by hocuspocus, perhaps the company would | not be bankrupt.” Dunlavy said he did not know j when he would rule on the case. $1,000,000 SUIT FILED Ron Motor Company Sues Trade Journal for Damages. j llii I nil etl Tress LANSING. Mich., May 16.—The Reo Motor Car Company today filed suit for $1,000,000 damages against the publishers of the Automotive Daily News, an automobile trade paper. The suit was begun in the United States district court in Detroit, but as yet no declaration or bill of complaint has been placed j on record. The plaintiff in the litigation is j represented by W. S. Foster, general counsel of the Reo Motor Car j Company.

52,500,0<)0 for Birthday

3* 'll umL M k!

Rosemary Baur of Chicago received a nice gift for her eighteenth birthday the other day; to be exact, $2,500,000, her share of the estate of the late Jacob Baur, founder of the Liquid Carbonic Company. The picture to the left shows Rosemary when she was 10, with an ice cream SO da —when her income was only S4O a day; to the right she is shown as she appears today.

500-Year-Old Rlics- Found 27,7 Times Special STRAWTOWN. Ind„ May 16Bones and pottery taken from a

Sweeping Victory Sale MARVELOUS MIRACLE BARGAINS ON SALE FRIDAY! Be Here When the Doors Open Tomorrow at 9 A. M. ne Will Sell 200 I-Seneil ■ EAVI" DAyNvE ‘ WIDE SELT, ■ I WOMEN S 1 BROOMS | 36-Inch Hope Muslin 1 1 House Dresses *■ I House^Aprons IB Limit— Second Floor. f O’ Dress Sensation I Curtain Scrim S | rr . 5 Toweling pg ||| 1 New Spring and Summer Styles and Materials I Go on sale at only, ' ||s§ Limit—Second Floor. Silks—Rayons and B ——I .. a. m m . - ■ • I 36-In. Cretonnes ■ umm. Novelty Materials § 36-m. ore** Good* | Doors open at 9A. M. Sharp and you and better be here ■ on i y per ■ jig H early because there is going to be a grand rush to these B Y ard ■MVA\\ , _ _ , i • | . ,1 • HI I.imit—Second Floor. ’'JafelisSP\ rac^s —You ve never seen their equal at these prices. H , „ —— H Come early—you will buy more than one. fl Large Bed Sheets B XN ire^&lafiSla\ Size 72x90- Won- ag "■SBBftl |h> jm Cjca I st’ars a9c I inill I Jm JJ I Pillow Cases | ]¥J Second j I / H &| -isch white Floor. 11/ J Table Oilcloth Womens Here They Are — Ladies! I flj !r a rp' K iar/. ,, V.imit. J Cc S Spring and Summer Women’s and Misses'’ \ M "ZIZ nl- ** HATS New Spring Coats m xouet paper 11 c , / $7-95 and sls Values ■ 1 Sic a esman amp es I You would think the> . di j not cost anything the wav we have I Igil ,IK T Made to sell for s2—s3—s4. I them mar ked down. Where arc those wonfen who have been I 3 rolls ~] oor Go on tomorrow— I wanting to buy a Coat for almost nothing? Where are those **■ I women who want a Coat bargain that they will remember women's Cotton Rihbed ] m am I for the rest of their lives? We want them here tomorrow- UniOH SultS oUc-Sasj “,v w li^sigc While they last Some slightly mussed from han- I m&i&m Limit —Main dllng. I Second Floor. £sL*“ 'J l ® -IB " B * IB **** Blankets ■ Mg A V f J (] Wilson's Evap’ted Only y, liile the s*l H C-j 3- U ’ iffi J w *ll- _ 1^

gravel pit on the Castor farm arc j estimated to be 500 years old, ac- | cording to the state geologist's of-1 fice.

SAILS TO HUNT % ITALIA PARTY Expedition to Seek Six Men in Arctic. /?•/ I vit rf i Trr !•* COPENHAGEN. May 16—Gianni Albertini’s carefully organized expedition to search for the six missing members of the Italia's crewsailed from Bergen. Norway, Monday

HEAD ACHE DOZEN different things ./''j&L f may cause a headache, but I there’s just one thing you need a ever do to get relief. I’aycr y 1 Aspirin is an.absolute antidote HvSPIRIN Asrinn le the trade mark of Barer Manufacture of Monoacelicacldcsler of SalicjUcacifl

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night, advices received here today said. The Norwegian steamer Hetman, which was rechristned Sucai, was equipped for an eighteen-month cruise of the Arctic regions where the Italia crashed while returning from its north pole flight last summer. Eighteen men, including the Norwegian crew of the Sucai. comprise the searching party. An intensive exploration will bocm between Svalbard and Franz Josef land. Dogs to draw the sledges, one of which was equipped with wireless, were brought from Gre rail and for Albbcrtini's party, and still others will be requisitioned at Kings Bay.