Indianapolis Times, Volume 41, Number 304, Indianapolis, Marion County, 1 May 1930 — Page 9

MAY 1, 1930.

BOOM HYDE TO ASSUME HUSTON G. 0. P, MANTLE Agriculture Head Favored if Hoover Asks Party Leader to Quit. By Scrippg-Hntrnrri Xrietpaprr Alliance WASHINGTON, May 1. Although Claudius H. Huston refuses to resign as chairman of the Republican national committee, Arthur M. Hyde, secretary of agriculture, is being widely discussed among Republican leaders as a prospective successor. Hyde participated in the conference of Republican national committeemen and congressional leaders Saturday with Huston when a

verbal barrage of pleas failed to bring Huston’s resignation. The opinion prevails, however, that Huston will resign when he personally is requested to do so by President Hoover, who recommended his

1 £ m ll

A. M. Hyde

appointment to the national committee. Hyde is reported to have sat in the conferences as the personal representative of the President. Whether Hyde would accept the chairmanship if offered is problematical and whether President Hoover would want him to retire from the cabinet equally is uncertain. If he retired from the cabinet the President would have to find anew agricultural secretary which might lead to embarrassment at a time w'hen the recently enacted federal farm relief law is not functioning to the

Profits in Pennies Any business must be operated at a profit in order to perform good service. Profits are necessary to attract new capital for improvements and expansion. Railroads are no exception. Yet the profits of railway operation are surprisingly small. Out of the average dollar received the Illinois Central System in 1929 had only about one and one-half cents left after paying all bills, taxes and dividends. Maintenance of the property took 28.59 cents of every dollar received—maintenance of tracks, roadbed, buildings and other structures took 12.46 cents, and maintenance of locomotives, cars and other equipment took 16.13 cents. The operation of trains, stations and other transportation services took 27.18 cents. Fuel cost 5.4 cents. The cost of soliciting traffic and publishing tariffs was 1.95 cents. Meals were served at a cost of .68 of 1 cent for every dollar received. Legal expenses were .24 of 1 cent. Salaries of clerks came to 1.3 cents. Pensions to retired employes took .47 of 1 cent. Salaries of general officers amounted to .2 of 1 cent. The valuation work required by law cost .12 of 1 cent. * Payments for losses, damage and casualties amounted to 1.48 cents. Miscellaneous general expenses accounted for .38 of 1 cent. Depreciation and retirement charges, covering the use made of equipment, came to 5.53 cents. Rentals of property owned by others took 4.15 cents. Interest on borrowed money amounted to 8.64 cents, and dividends paid to the owners of the railroad amounted to 5.6 cents for each dollar of receipts. After paying all these expenses and charges, there was 8.09 cents left out of each dollar received. Taxes took 6.56 of this, leaving 1.53 available for improving the property. The year was one of good service and efficient operation. Credit is due to the members of our organization, whose loyal efforts made that record possible. They in turn join me in thanking the users of our service for their patronage. Constructive criticism and suggestions are invited. L. A. DOWNS, President, Illinois Central System. CHICAGO, May 1, 1930. —Dependable for 79 Years —

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Dr. E. T. Albertson (left), general secretary of the Indiana Council of Religious Education, and the Rev. Walter Getty (right) of New York City, secretary of leadership training and promotion of missionary education movement, who will have important roles in the first Mission Education institute, to be held in Tabernacle Presbyterian church here Mav 5 and 6. The institute will afford a meeting place for religious work leaders of the middle west. satisfaction of many senators, farmers and grain dealers. Theory is advanced that Hyde, who is wealthy, might be persuaded to take the chairmanship—if the President wants him to do so—with the thought that he may help allay Republican dissatisfaction in the west. Republican officials generally are anxious to reorganize the national committee, under new leadership, so it may begin functioning effectively for the approaching congressional campaigns. Hyde was Governor of Missouri before becoming secretary of agriculture. He is a farmer and businessman and is said to be widely acquainted throughout the west. Play Device Patented WABASH, Ind., May I.—W. C. Mills, community service director, has been granted a patent on a playground device called ‘“swing-a-ring.” and it is being manufactured by the Safe Play Company, Elkhart.

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THE INDIANAPOLIS TIMES

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