Indianapolis Times, Volume 41, Number 200, Indianapolis, Marion County, 31 December 1929 — Page 12

PAGE 12

COUNCIL GROUP PASSES ON 1930 FUND REQUESTS Factional Leaders Benefit by Reapportionment of Budgets. Demonstrating one use of political favoritism, the Marion county council ended its two-day sesison today by declining to replace about $50,000 slashed from several county office budgets three months ago. Ordinances calling for replacement of SBB,OOO on the various budgets were surveyed hurriedly and passed upon by a majority faction of the council, headed by Paul Dunn, while minority members protested on many occasions. A pre-session caucus, attended by the outstanding Coffin politicians, namely, County Auditor Harry Dunn, County Commissioner John Shearer, Councilmen Paul Dunn, Thomas Hamlyn and James Edwards, in the offices of the county auditor, was believed by observers to have been the origin of the majority faction's procedure. Clerk Boost Denied Additional appropriations allowed today, totaling $38,640, were applied in part in two instances to the budgets of county officers, who are allied with the Coffin faction. County Auditor Dunn, strong CofTinite, garnered $10,540 for extra help, additional deputies and a draftsman. Request of County Clerk George O. Hutsell for $9,200 to increase pay of his deputies was refused. Assessors Aided County 'Treasurer Clyde E. Robinson, Coffin official, profited by SI,OOO in his budget, and County Recorder Frank Childers drew a S2OO reappropriation. County School Superintendent Fred T. Gladden's court mandate for a $2,400 yearly salary increase was allowed. Washington and Wayne township assessors were given additional

BEWARE THE COUGH FROM COLDS THAT HANG ON

Coughs from colds may load to ei> lious trouble. You can stop them now with Creomulsion, an emulsified creosote that ia pleasant to take. Creomulsion is a medical discovery with two-fold action; it soothes and heals the inflamed membranes and inliibits germ growth. Os ail known drugs creosote is recognized by high medical authorities as one of the greatest healing agencies for coughs from colds and bronchial irritations. Crconr .sion contains, in addition to creosote, other healing

CREOMULSION FOR THE COUGH fftOM COLDS THAT HANG ON

“THE FRIENDLY COMPANY ” Peoples Life Insurance Cos. OF FRANKFORT, INDIANA A Legal Reserve Old Line Company Issues Insurance at All Ages —1 Day to Age 60 —At Rates As Low As the Lowest TWENTY-ONE YEARS OF CONSISTENT PROGRESS $§ year Assets Insurance in Force ▲ fl 1910 $190,696.00 $2,478,960.00 § 1915 $676,788.00 $7,550,731.00 A 1920 $1,798,675.00 $20,541,571.00 Mk 1925 $4,407,517.18 $40,500,940.00 JjflßL 1929 $6,800,000.00 $50,000,000.00 ♦ To Have a Policy With This Company Is to Have a Feeling of Security

The Peoples Life Insurance Company of Frankfort, Indiana, is a Legal 'Reserve Old Line company operating under the Indiana Legal Reserve Deposit Law, which is one of the best enacted in any of the states. This company is in its twenty-second year and has been consistently progressive, increasing its surplus and insurance in force each year of its existence until now it has assets of over 86,800,000.00, capital of $300,000.00, surplus of $600,000.00 and insurance in force of $50,000,000.00. It issues policies at all ages from children 1 day old to adults aged 60. For children it has 20-payment life policies, 20-year endowment policies and educational endowment, policies. A parent can secure an educational endowment policy at any age of the child, maturing at age 18, when the child enters college, which pays a stated amount to the child each year for four years during its college life.

Finds Big Tooth

j Mrs. Mayme digger of Lebanon, teacher at the Center township high school in Starke county near Knox, has found rare specimens for her classes right in the back yard of the school. She is shown with a mammoth tooth unearthed by ditch diggers near the school. It was buried | under but six feet of earth, despite i the fact that it probably is many | thousands of years old. Two such teeth and several large bones of this prehistoric mammal were uncovered and are now in possession of the school. Mrs. Clinger brought this one to the statehouse for inspection. A similar find was made some time ago in Miami county. amounts for assistants totaling $6,500 and $6,800, respectively. Partial relief was felt by Prosecutor Judson L. Stark when the council replaced Deputy Prosecutor Georyp Eggleston on the county pay roll at $2,400 a year. Fund for paving John Willis, criminal court investigator, was eliminated. Special fund for prosecuting criminal cases was cut from $2,500 to SSOO. Raises for six county court reporters and six bailiffs of S6OO a year, also were denied. Request for an increase in the pay of six pages of S2BO each was eliminated. Juvenile Judge Frank J. Lahr was allowed $1,500 additional for hiring a stenographer.

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WILL H. ADAMS—INDIANAPOLIS REPRESENTATIVE 18 AETNA BLDG.

ADVANCE SEEN IN OLD AGE AID State Control of Pension Schemes Predicted. }Ju United Pratt DES MOINES, Dec. 31—Professor H. L. Rietz of the University of lowa predicted to the American Association of Science today that employes and employers in various industries would work out their own retirement schemes for superannuated employes before many more years. A general prediction is ventured and defended that there will gradually be a more and more pronounced drift toward retirement plans of the reserve, contractual type operated by organizations substantially as permanent and trustworthy as legal reserve life insurance companies,” Professor Reitz said. ‘‘These organizations will be subject to state supervision similar to that exercised over life insurance companies.” Professor Reitz said the scheme of general old-age pensions presented

Thank You For Another Prosperous Year Each succeeding year has found this institution with an increased patronage and a substantial growth. To those who have dealt with us. making this grow th possible, we express our heartfelt thanks. Our facilities have grown with the business. We are equipped for every type of storage for household goods. Tear-gas equipped, burglar-proof vaults store your Oriental rugs and fine art objects. Similar vaults are provided for tapestries and portieres, racks being provided to allow them to hang upright in their natural postion. Special covers are provided for pianos and they are kept In a separate piano room at an even temperature the year round. Dead storage is provided for automobiles. Metal racks are used for overstuffed furniture. Auctions are held every Thursday at 1434 N. Illinois st. We sell everything from a parrot to a fine oil painting at these sales. The telephone number—Rl. 0644. Call us. S "SHANK SUPERIOR SERVICE” _ _ hanK Fireproof Warehouse ™ Moving—Packing—Shipping—Storage—Auction 1426 to 1436 North Illinois Street Riley 7434 and Riley 7435

THE INDIANAPOLIS TIMES

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The company also issues all forms of insurance to adults issued by any company, including term, life, modified life, ten, fifteen, twenty and thirty payments: also endowments for same periods, as well as monthly income, joint life, partnership and business insurance. Its policies are so constructed that any policy can be changed into a monthly or yearly income to the insured at any stated age, leaving the remainder at insured’s death payable to any named beneficiary in monthly income, yearly income or a lump sum. Its policies also may provide double indemnity, paying double the face of the policy in case of accidental death, also total disability features which provide for the waiver of all future premiums in case the insured becomes permanently and totally disabled and a monthly income of 1 per cent of the face of the policy to the insured during such disability. Its premium rates are all guaranteed and as low as safety will

The Democratic Conduct of Business

Having been invited to advertise some features of our business in the present issue of The Indianapolis Times, we respond as readers will observe, with a statement concerning the conduct of our organization and the practices which we follow as a group of workers. Whilst most business organizations are primarily concerned with size and speed, with volume and with profit, we have become concerned with the effect our working together in the running of a business enterprise has upon us, looking at it from a point of view of intellectual, spiritual and material well-being. We are believers in democracy—in the right of each human being to participate in the important activities which mold his life, to make the laws which usually govern his conduct, or to delegate such power to others of his own choosing. We began to apply this faith in democracy to our own business in 1917, and we have the following results to relate: Our business is controlled completely by our workers, the ownership stock gives its possessor no more rights than those workers who possess little or none, and as many of us as may wish sit in council to make the laws of our business, and to determine its policies. There is no longer any fear of unemployment among those of us who have served an apprenticeship, and who have been accepted as satisfactory by our fellows. We are paid by the week and retained hv the year. We can be discharged only by vote of our associates. No deductions, except by explicit action of council, may be made from our weekly checks. We are paid when we arc sick, and in our old age we receive pensions sufficient to give us the comforts of life. These pensions vary with our needs, and not because of our position with the company. We receive complete medical and hospital care without cost to us individually, and lately we have made an appropriation of .$15,000 so that our dependents may receive the same

The Columbia Conserve Company Indianapolis, Indiana

0 permit; in other words, net premium rates for any form of policy chosen. To illustrate one of its popular policies, take the endowment at 65, •Taken out at age 35, $10,000.00 insurance requires an annual deposit of $313.30. The policy provides that in case of natural death, pays $10,000.00 cash. In case of accidental dath pays $20,000.00 cash; at age 65 pays insured $10,000.00 :ash, or at age 65 insured may take a monthly income of SIOO per month for a definite number of months, or in case of death of insured may be paid to the beneficiary in the same manner. In case the insured becomes permanently disabled, the future premiums on the policy will be waived by the company and the company pays the insured SIOO.OO per month during such disability and the face of the policy, SIO,OOO, at death to the beneficiary. The double indemnity and total disability features may be added to any policy issued by the company.-

assistance. Each one of us who has been with the company for twelve months is given a vacation of three weeks with full pay. For eight months’ service we receive two weeks, and for four months’ service one week. More and more, our remunerations are being determined by our needs. Those under twenty are paid a minimum of $19.00 per week, married women, whose husbands are gainfully employed, are paid the same minimum, and the minimum, for all others is $22.00 per week for single people and *33.00 per week for married men and women who are the support of their families. We are paid *2.00 per week for each child under sixteen until the minimum reaches $39.00 per week. Our foremen, forewomen and higher executives are paid more than the rest of us, but except in one case not as much as 50% more. We are coming more and more to believe in payment on the basis of need rather than on the basis of efficiency. It is our belief that, in a democratic society, not only is liberty fundamental to the existence of such a society, hut approximate equality of income is essential to the development of that fraternity, without which democracy is a creed and not a manner of living. Under the form of government which we have described, our business has increased in volume, in profits, and in standing with our customers. Most of us have progressed in our knowledge of our own special work, and in the business problems with which all manufacturing concerns deal—production, sales, finance. Individually our incomes have increased, our education has been broadened by the social as well as by the business problems with which we deal, and most of us are happier than we should be in a less democratic society. Soon, out of the profits of the business, we shall own all its common stock. When that time arrives, it is our belief that we shall not only take the entire care of ourselves as we do now, not asking help from other citizens, but we shall be able to assist other workers, who may desire our aid, to build similar democratic societies.

DEC. 31, 1929