Indianapolis Times, Volume 41, Number 68, Indianapolis, Marion County, 30 July 1929 — Page 13

JULY 30, 1929.

CONVENTION AT CHICAGO DRAWS CITY NEGROES Indianapolis Shriners to Attend Sessions on Aug. 11-17. Annual pilgrimage of Persian Temple 48. A. E. A. 0., Indianapolis’ Nobles Mystic Shrine, is to entrain for Chicago to attend sessions of the thirtieth annua] convention of the Imperial Council, A. E. A. O. N. M. S.. Aug. 11 to 17. Twentieth annual session of the Daughters of Isis and the triennial conrlave of the grand encampment of Knight Templars of the U. S. Prince Hall affiliation, also are scheduled to be held during the same week. Past successes and the unusually keen competition of the Indianapolis patrol ir. the annual drill contests arid special interest to the announcement each year. Fraternal and military maneuvers of the Persian patrol are being tapered off with regular practices under the direction of Noble George J. Cowan. Noble Cowan expects to annex important laurels for his patrol at the Chicago meet. A train decorated In rainbow roior* lt.h fraternal emblems on each arh will b provided for the Indianapolis de!e?a!lon. A band of forty pieces, by Noble

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I Gabriel etun'.rr. th chanter* marching clb and the Oriental band of thirty pieces will accompany the deleyatlon. The special will leave the Union Station over the B a Four route at 11 a m. Sunday. Alia. 11. While in Chicago h'adouarters of the Persian Temple win be at the Y. M. C. A.. 3763 Wabash Avenue. Among the leaders here of the Imperial Council and active leaders of the local i shrlr.e are Noble C. K Dunlop, imperial | commander of patrols: Noble C W Baxter, ! imperial rabban: Noble W. C. Stewart, recorder Nob> Walter Green, potentate, and Noble Bishop W. Owsley, treasurer, i Congressman Oscar De pyiest. representative of the first Illinois district, was presented in a lecture to Indianapolis citizens Monday night at Trinity hall. De Priest spose or, the subject, ' Power of Organization." The congressman arrived in Indianapolis Monday afternoon by motor. He was accompanied by Henry H. Proctor, assistant corporation counsel, of Chicago, j De Priest very adroitly, and with some disappointment to those present, avoided references to the recent episode of Mrs. De Priest's presence at a White House reception given In honor of wives of congresi slonal representatives. De Priest Seeks Equality Preferring to comments made by disgruntled southerners, the congressman said T don't care anything about social equal- ' ity, I am seeking equality before the law. i The cry about social equality Is a smoke screen employed by my critics when I raise the plea of Negro defense ’ The congressman urged Indianapo'js Negroes to organize politically by asserting that members of the local group wet* the most poorly organized of any city he had visited. Preceding the address a group of wom>n ' representing the Martin Delaney Post No. 118 of the G A R. serenaded and pre sen ted the speaker with a miniature model ! of an American ship. ! A group of musical selections were sung ; hy Mr , Helen taster as a part of the i preliminary program The Invocation was ; made by the Rev. W. O. Shannon, pastor of Allen Chapel A. M E. church, j Attorney Proctor reviewed the political

Utilities Power & Light Corporation An International Public Utility System

In addition to the territory shown on map, the Corporation through its subsidiary Greater London & Counties Trust, Ltd. and its group of companies—Edmundsons Electricity Corporation, Limited; Oxford Electric Company, Limited; East Anglian Electric Supply Company, Limited; Western Electricity Supply Company, Limited; Bedfordshire, Cambridgeshire and Huntingdonshire Electricity Company; Shropshire, Worcestershire and Staffordshire Electric Power Company; Wessex Electricity Company and Reading Electric Supply Company, Limited, furnishes elec' tricity in ‘‘areas" in Great Britain comprising approximately 10,712 square miles containing a population in excess of 3,250,000, including large industrial centers. The sections served include an important part of Birmingham, one of the great industrial centers. Greater London Counties Trust, Ltd. also owns a substantial interest in one of the largest statutory companies supplying electricity in the Metropolitan and Suburban area of London. The use of electricity in these “areas" is increasing at twice the rate of its increase in corresponding American communities. The sound financial structure upon which the Corporation has planned its growth, its satisfactory and Steadily increasing earnings, and the strategic location of its properties, place the Corporation among the leading public utility organisation >' and give to its securities an established investment position . Utilities Power & Light Corporation $27 So. La Salle Si 100 Broadway Chicago New York m We Prosper as We Serve?*

leadership of the congressman In Illinois and was followed by Dr. Charles Sumner Williams, pastor of Bt. John's A. M. E. ; church, who introduced the speaker. Arrangements for the De Priest lecture were directed by Jason Flnnell, W. M of Trinity lodge, and W. R. Meriwether, sec- ! retary. who also presided at the Monday night meeting. While here De Priest held conference wyh political friends in his suite at Hammond's hotel. Many Collegians Graduate According to the August issues of The Crisis there are 19.253 Negro students in thirty-nine Negro and sixty-five northern colleges and universities. The report appears under the caption. ' The Year of Education. 1929." which Is the eighteen'h annual report of progress among Negroes. There were 1,776 men and women graduated this year from Negro colleges, most of which are located in the south. From northern colleges and universities 394 Negroes graduated in 1929. There are 16,982 students of college rank In the Negro institutions and 2.271 in the northern schools. The article also sets forth outstanding achievements of Negro students in scholarship, athletics and other fields of activity. Much interest is being shown In the recital to be given by Mrs. M. L. Fitzhugh Valentine, blind dramatic soprano and elocutionist at the Antioch Baptist church. Thirteenth and Missouri streets. Friday night. Aug. 2. New Members' Club of which Mrs. H. Cloud Is president. Is sponsoring the recital. Mrs. Valentine, who has traveled extensively In the United States and Canada, will give a program of operatlcs. folk sor.g and spirituals. Mrs. Theresa S Sanders will be accompanist. Personal Notes Attorney J. C. Allen, formerly of Boston, will practice law in this city snd Is located at 1019 North West street. Miss Zenobia Fisher will leave Thursday for a three months' visit with friends in Denver. En route she will visit in Chicago. Mr and Mrs. William Goodwin motored to St. Louis to be guests of Miss Willetts person. Mr. and Mrs. Ezra C. Roberts were

THE INDIANAPOLIS TIMES

1 guests of relative* and friends for a short j time Sunday. Mr. and Mr*. Roberts I were en route to Tuskegee, Ala., after a ! visit with relatives in Kokomo. Mrs. Eugenia Burbridge will go to : Waterloo. la.. for a visit with her mother, Mrs. Alberta Dent. Mrs Bernice Ee ! returned home after a : short visit with friends in Louisville. Preston H. Roney, called here because of the serious illness of his uncle, Irvin j Harvey, returned to his home in Tuskegee. Ala.. Sunday. Roney is in the administrative offices of the United States j Veterans hospital. Miss Mae Belcher, secretary of the Phyllis Wheatley Y. W. C. A. has returned from a short visit to St. Louis. Dr. Theodore Cable and mother. Mrs. Mary E. Cable, and Dr. and Mrs M. D. Battles will take a motor trip east. They i will visit Pittsburgh, Philadelphia. Wash- ' lngton. Atlantic City, Bordentown, New ; York City and Boston. Mr. and Mrs. J. W. Burden of Marion. | were visitors in the city Monday. Mrs. Grace Evans of Terre Haute attended the De Priest lecture Monday night. Miss Lois Sharp, of Boulevard place. , who was stricken with acute appendicitis at Ashville, N. C.. recently, is expected to 1 return home this week. Miss Sharp was on a motor trip to points In Florida. She was accompanied by Mrs. Eurias Sharp, her mother, her brother. James, and Mr. and Mrs. G. S, Shealey. Mrs. Harry Willett has returned home from Rochester. Minn . where she was confined at the Mayo brother's sarsatarium. A large crowd is expected to attend the close of the popularity contest tonight at he Simpson M. E. churcn. The contest is given under auspices of the Victory Club of which Mrs. F. M. King is president. Prince Ali at Walker Avery thrilling and romantic experience was enjoyed by all who have had the privilege of havinp- secrets of their lives unfolded, or who showed the slightest interest in having Prince Ali. appearing at the Walker for the entire week, to divulge to them their hopes and ambitions of the future. The experience Is free to all who at-

INDIANAPOLIS POWEK & LIGHT COMPANY —furnishes, without competition, all the electric light and power service in Indianapolis, except that supplied to the electric railways. LACLEDE GAS LIGHT COMPANY —owns and operates, without competition, the manufactured gas systems serving the entire City of St. Louis which has a population of approximately 1,000,000. LACLEDE POWER & LIGHT COMPANY —furnishes electricity for light and power in the City of St. Louis. INTERSTATE POWER COMPANY —system supplies electric light and power to 366 cities and communities in the Northern Mississippi Valley and surrounding territory. States in which system serves are Minnesota, lowa, North Dakota, South Dakota, Oklahoma, Wisconsin, Nebraska and Illinois. EASTERN NEW JERSEY POWER COMPANY —serves a rapidly growing section along Atlantic Coast in the State of New Jersey. This area is practically a continuous community located within commuting distance of both New York City and Philadelphia—in close proximity to the most densely populated and highly industrialized part of the United States. CENTRAL STATES UTILITIES CORPORATION —system furnishes electric light and power or gas or other utility services in eleven Southern and Western States, and New Brunswick, Canada. The Corpora* tion also controls a comprehensive system for the production, transportation and sale of natural gas. DERBY GAS & ELECTRIC CORPORATION NEWPORT ELECTRIC CORPORATION —furnish electric light and power or gas in well populated areas in Rhode Island and Connecticut,

| tend either performance at the Walker during the week. The Oriental "master | mind," as he is titled, proves to the audience he is able to solve many of the [ more or less serious problems of domestic. | financial and love affairs of the many peri sons who make inquiry of him as he ; stands blindfolded upon the stage, j "The Midnight Taxi” is the screen ! offering until Wednesday night ar.d beginning Thursday the "Bellamy Trial." ar. exettinp murder mystery film, is to be shown. A special matinee for ladies only will be held Friday when Prince Ali will answer the more intimately feminine queries. BOY. 14. IN CUSTODY AS SHOOTING SUSPECT Newcastle Prisoner Believed Kentuckian Who Shot Churn's Father. B 7 I nitt '1 Pr< s NEWCASTLE. Ind., July 30.—Believed tobe wanted in Monticello, Ky„ for shooting the father of a chum. Porter Guthrie. 14, is held here today for authorities of that state. The youth is alleged to have escaped from balifTs during his trial in Wayne county, Kentucky, in June. According to authorities. Alonzo Carter. 19, son of the woulded man, came here in search of employment and saw Guthrie and notified police. He immediately was placed in jail. Police were told that the shooting of the elder Carter came after an argument with Guthrie over liquor. Man Dies in Theater ftii s Special EVANSVILLE. Ind., July 30.—Anthony C. Schultz. 50, treasurer of the J. T. Schultz Company, died of heart disease while seated in a theater

Business —and— Finance

There are some encouraging features in this report from the 173 common brick concerns which contribute to the current digest oi that industry Although the fifty plants closed on account of slow demand and overstocked yards is a record for this time of year, the quantity of brick moved from the yards in June is greater than in May. Compared with a rear ago. the showing is not good ar.d the shipments are only about 60 per cent of those for June. 1928. Orders on the books show a gain over the preceding month of nearly 12 per cent. b"‘ fri- flgvrp a iso is far below the record of a year ago. With construction volume much below .a., ar. orick sates naturally must show’ a decrease, perhaps greater than some other basic materials vigorously promoted and old. An important conference of brick manufacturers, representing every production center of the industry in the United States wil be held at Cleveland Aug. 6. July is drawing to a close with a number of encouraging features present in textile markets. Retail trade has been maintained at a high level, hot weather stimulating distribution of summer goods, and advanced prices for the principal grains are regarded as having a favorable bearing on the future of business. With the larger interest now centering on prospects for the autumn, it is encouraging that buying for the new season already has attained considerable vigor, having expanded in several directions. Even with the encouraging outlook, however. both manufacturers and merchants are adhering to a conservative attitude, there being a clearly defined disposition to hold commitments close to the demands for actual consumption. That phase Is reflected in regulations of production, with a view to preventing accumulations, and cotton mills are curtailing rather generally. Partly as a result of that condition, arid also because of the higher cost of the raw material, quotations on some fabrics have been raised moderately. Justification for the forecast of new high records this year is found in the showing made during the first six months, savs the current issue of The Business Conditions Service of The Alexander Hamilton Institute. Total factory output during this period was the highest on record with manufacturers using 13.7 per cent more electricity for power than a vear ago. Freight car loadings were record’breaking. New high production records were made bv automobiles, pig iron, steel ingots, petroleum, gasoline, fuel oil. automobile tires, copper, silk gods, rayon, cigarettes and electricity. Howard Myers, vice-president and general manager of National Building Publications. a division of National Trade Journals. Inc., and former president of Rogers & Manson Company, has been elected president and general manager of National Trade Journals, Incorporated. Myers has just returned from a short trip abroad to assume his new position. Major H. J. Redfleld, since February, 1928, president of National Trade Journals. Inc., has been elected chairman of the board of directors and treasurer of the company. Borg-Warner Corporation todav announced net earnings for the first half of 1929 of $4,554,427 after depreclaton, federal taxes and all charges equal, after preferred dividends to $5.95 a share on the 744,257 shares of $lO par common stock outstanding. At the same time, the com-

II ■^GR^ Utilities Power $L Light Corporation Thirty-Year 5% Gold Debentures (With Stock Purchase Warrants) Due February 1, 1959 Each #I,OOO Debenture carries non-detachable stock purchase warrants entitling the holder to purchase up to February 2, 1934 as a block 7 shares of Class A stock, 3Vj shares of Common stock and voting trust certificates for 3Vi shares of Class B stock, all as then constituted, for #577.50, which is less than the value of this block as indicated by present market prices. Price at the Market Yielding About 5.20% Ask for circular 513 Chase Securities Corporation Merchants Bank Building 60 Cedar Street INDIANAPOLIS NEW YORK

Utilities Power & Light Corporation Common Stock Traded on New York Curb Exchange Impressive gains in both gross and net income continue to be reported by the Utilities Power cs? Light System. For the year ended on March 31, 1929, the consolidated net income of the Corporation and its subsidianes was reported at $3,827,420, an increase of 14% over that reported for the year ended on December 31, 1928. We believe that the following factors will be responsible for the sustained prosperity of this system in the future: (1) Character of the system’s business (chiefly the sale of electricity for light and power). (2) Excellent possibilities for growth, of the territory served which includes the important cities of St. Louis and Indianapolis, thriving residential and agricultural sections in diversified areas of the United States, and leading industrial centres of Great Britain, including Birmingham, Smethwick, Dudley, Kidderminister and Banbury, as well as a portion of the City of London. (3) Benefits of centralized operation of important properties recently acquired. (4) Competence of Management. (5) Soundness of financial policy permitting the advantageous acquisition of capital to provide for future expansion. (6) Strategic location of properties in regional power • grouping plans. Further information regarding this System is available in our descriptive circular, copies of which may be obtained on request. PYNCHON & CO. Members New York Stock Exchange 111 Broadway New York Chicago Milwaukee London Liverpool Manchester

I pany stated that net earnings for June ! amounted to *660.403 after all charges, or 86 cents a share on the common after alI lowing for preferred dividend requirements. ■ ■ An initial quarterly dividend of $1 25 a •hare on the Preferred Stock of Chartered Investors. Inc., has been declared, payable Sept. 1. 1929. to stockholders of record at the close of business Aug. 1. Jobber sales of the Perfect Circle Company in June established anew high mark, it was announced today, with the shipments 37 per cent greater than in the same month last vear This Is of note because the replacement business tends to absorb any lackering of demand from motor car manufacturers for original equipment during the months in which they curtail production The company now has 325 automotive jobbers throughout the United States, more than 50 new accounts having been added in the last two months as a result of an intensive development of this end of the company's business, following the increase in productive facilities. A substantial Uock of convertible preferred and common stock of the General Parts Corporation of Flint will be offered this week in Chicago and Detroit, it was learned yesterday. General Parts Corporation was organized last March to continue business operated since 1923 under the same name by Michigan corporation. The company's business is the manufacture and sale of accessory parts direct to user of various types of machinery. Included among those for which repair or service parts are now supplied are locomotives, gasoline engines, locomotive cranes, steam shovels, derricks, tractors, trucks ana more than twenty-five makes of automobiles. Bu i nited Frees WASHINGTON July 30.—Plans of a bridge to be constructed by the Detroit river Canadian Bridge Companv of Chicago across the Detroit river near Stony Island. Mich., have been approved by the war department. For still another week, the record of bank clearings compiled by Dun's Revtew is favorable, last week's total for the United States of $12,326,562,000 being 39 1 uer cent above that of a year ago. The largest gain—s 4.2 per cent—is at New York City, vet outside centers show an increase of 13.7 per cent. Heavier clearings than in this period of 1928 are disclosed at nearly all cities included in the statement., the most pronounced expansion being at Boston. Philadelphia. Baltimore. Pittsburgh. Buffalo. Cleveland and Seattle. After last week's sizable reduction, the number of failures in the United States increased last week, a total of 400 being reported to R. G. Dun A- Cos. The previous week's defoults numbered 376, or 24 less than in the present instance, and 356 insolvencies occurred a year ago. a decrease of 44 from the current aggregate. In Canada, failures last week numbered 26 as against 31 the week before and 20 reported to R. G. Dun & Cos., a year ago. Bu Vnlted. Press CHICAGO. Julv 30.—Another newrecord high price for a membership on the local Board of Trade was established todav when a membership changed hands for $52,000. an increase of $1,600 from the last previous sale, made earlier today. Manufacturer Seriously 111 By Times Special MARION, Ind., July 30.—T. Harry Bedell, Marion manufacturer, remains in a serious condition at the Crile hospital, Cleveland, 0., following an operation for the removal of a goitre. He has submitted to one blood transfusion.

ARMY AVIATION MAY REAR CUT IN EXPENSES War Secretary Believes Progress Has Been ‘Too Rapid.’ BY HERBERT LITTLE United Press Staff Correspondent WASHINGTON, July 30.—Army aviation may bear a considerable portion oi the reduction in expenditures of the war department under the new Hoover economy project, it was indicated here today. Secretary of War Good and general staff officers found the tremendous increases in army expenses has been due to a considerable degree to development of military aviation. The air corps cost about $600,000 a year before the World ! war. Now it costs $50,000,000. Navy aviation also is receiving a large annual appropriation. Secretary Good recently went on record in defense of the army reserve activities, including those of the National Guard, C. M. T. C. and R. O. T. C. He indicated these activities, the great increase of which is responsible for much growing expense. could not be reduced. Possibilities Are Surveyed Remaining possibilities of drastic reduction include delay In making expenditures under the army housj ing and aviation programs, elimiI nating of obsolete branches and reduction of military activities at inj terior posts which are now of little strategic importance. Good emphasized the study to be undertaken by the army general i staff will be directed to discover if ! “we have not been going forward too fast" in development of some weapons. It. Is pointed out the main post-war advances have been made in the air corps which receives a large part of the new housing appropriations in addition to the regular appropriation for the army aviation program. Defends Cavalry C-ood defended the coast artillery ana cavalry branches, which have been held obsolete by some military authorities. Good said some authorities contend the World war would have been decided months or years earlier if either combatant force had possessed a large mobile cavalry organization ready for attacks at certain stages. Any attempt to demobilize the coast artillery, which is claimed by some to have been rendered useless by the development of airplane bombing, probably would arouse a tremendous protest from citizens as well as army officials. The United States has already expended around $200.00,000 in setting up its defense system, and the upkeep now is small.

PARTY OF WOMEN TO TAKE LONG AUTO TRIP Tour Is Planned to Demonstrate Ease of Motor Touring:. Bu Times Special WASHINGTON. July 30.~The ease with which women can travel alone over long distances by automobile, will be demonstrated in August when Mrs. Frances Weber, member of the editorial staff of the American Automobile Association national touring bureau, accompanied by three friends, will make a 5,000-mile journey through a large section of the country. The national motoring body says the purpose of the trip is to send an editorial representative into important touring areas for the purpose of securing first hand data to be | used in A. A. A. publications. She will pay particular attention to the j southwest. The A. A. pointed out that it Is no uncommon sight to see a party of women traveling alone on long journeys and the standardized motoring facilities offered in every section eliminate all possible thought of inconvenience. •SLAVE DRIVER - SMOOT Utah Senator Insists on 9 to 5 Day by Tariff Probers. ; Bu Scrippg-Uotcard \eicsvaper Allinttr WASHINGTON. July 30.—Senator Reed Smoot of Utah is acquiring a reputation among his Senate colleagues that of a “slave driver.” Smoot, as chairman of the Senate finance committee, which is now considering the tariff bill, is insisting that members of the committee keep busy from 9 every morning until 5 every afternoon, discussing the various schedules of the new bill. Excessive heat in Washington the past few weeks has not concerned Smoot at all and he has been deaf to suggestions by other senators that the committee transfer its activities to Atlantic City or some other nearby resort. Teach Parents English | Bu United Press NEW YORK, July 30.—Immil grants’ children will teach their i parents to speak English under the plans of a report submitted to Superintendent of Schools O’Shea.

JemesT.Hamill & Company BROKERS Indianapolis MEMBERS Chicago Stork Exchange Chicago Board of Trade Indianapoli. Board of Trad. Aa.oriate New York Curb Correspondent of LAMSON BROS. & CO OTIS & CO. Stocks, Grain, Cotton 203 Continental Bank Bldg. Tel. Blley 5493 Blley 5494

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