Indianapolis Times, Volume 43, Number 257, Indianapolis, Marion County, 5 March 1932 — Page 16

PAGE 16

PROPOSED BANK BILL BENEFITS SMALIJWNER Easier Money Policy Aim of Federal Home Loan Bank Cos. Although wide publicity has been given the proposed Federal Home Loan Bank Company, action on which now is pending in Washington, very little has been said of the practical benefits to be realized by the small home owner. Gavin L. Payne, who appeared before the United .States senate banking subcommittee at Washington two weeks ago as a representative of the Indianapolis Real Estate Board, summarizes the merits of the proposed bill as follows: “The man with a small home, or proposing to build a small home,” said Payne, “is dependent on practically two sources for his first mortgage—through the building and loan association, or the trust company or state bank. “For many years, he has found these facilities adequate in Indianapolis. Indeed, this city has the largest building and loan association in the world—the Railroad Men’s, with fifty million dollars’ resources. Resources Are Great "Altogether, the associations in Indianapolis have around one hundred and fifty millions’ resources, and when you consider the trust companies also making loans, you can see what a factor these institutions have been in developing homes. I do not know how Indianapolis now ranks, but a few years ago, with the exception of Philadelphia, it led the nation in homes owned per capita. That was something of which to boast. It gave a quality to our population, and quality is of vast importance in the scheme of urban life. "The building and loan associations in Indianapolis are what the big savings banks are to New York City. "Until the recent great financial crisis, the machinery of these institutions worked beautifully. But when people are activated by fear, they all want their money at about the same-time. “Building and loan associations, in order to pay dividends to stockholders, or depositors, as they are sometimes called, must keep their money well loaned out on mortgages, and if they pay off their stock rapidly, they must do one or both of two things: (1) Stop making loans and (2) insist on people paying off good maturing loans. “So there would be a double'barreled hardship—the man who wants a loan on his existing home or anew home can not get it, and the man who has a maturing loan on his home must pay at a time when he can not get the money anywhere. Designed for Home If a depositor feels confident he can get his money when he wants it, he seldom wants it. If he knows a building and loan association can ridiscount its mortgages with a reserve institution, just as a national bank can rediscount commercial paper with the federal reserve bank, his fear is more or less obliterated, and the building and loan association can go about the even tenor of its way, and the man of small means can get his loan as usual. “A building and loan association or trust company, knowing it can rediscount mortgages any time with a reserve institution, will not deny a community good loans. Again, I think people will increase their investments in building and loan stock, knowing that the association has the advantage of the reserve institution—and so the benefits of thet new federal home loan bill will be twofold. The chief argument against the bill is that we will have inflation—that is, too many homes. As against this, we maintain that the surplus of single family dwellings today is due to the ‘doubling up’ of families, and that when employment becomes more general, there will be a shortage of homes, as each family will want a home of its own. “Tire new bank can not discount mortgages of more than $15,000, and only on one or two family dwellings, as it is designed solely for the benefit of the home.” Mule Kicks Peeper KEMPER. Va., March s.—Carl Shelor stopped to look into a mule’s mouth. His jaw was broken and half a dozen teeth knocked out when the mule kicked him.

MB E/p g “I live at the ANTLERS!” There's a pardonable pride in the above statement. Good reason too. For the Antlers address indicates Rood taste and a desire for bettor environment. The amazing fact about a residence at the ANTLERS HOTEL is . . . the low weekly or monthly rates. Decide today that your new address will be 750 North .Meridian street, overlooking Memorial Park. Exclusive. Antlers Features Large Airy outside rooms, tiled Swimming Pool. Turkish Bath and Massage Parlors. 8 Bowling Alleys, Coffee Shop (Reasonable Prices! Barber Shop. Cigar Stand. Library and Reading Rooms. Rate on Request ot€ l ntlerslfpP tSO N NGridmn M~ Lincoln 8331

BUSINESS AND INDUSTRIAL NEWS

Industries \ Are Helped by Center Indianapolis must grow largely by manufacturing more goods. Almost in the center of the nation’s popi ulation, with unexcelled shipping facilities and favorable labor conditions, the city seems destined to make itself a great manufacturing center from force of circumstances. But these circumstances can be added, and the growth ripened into a larger population and a richer community, by sensible co-opera-tion. That co-operation need not take the form of a pooling of resources. In fact, such a course probably would prove a big mistake. But one Indianapolis concern has solved the problem of effective cooperation for more manufacturing concerns. That is the Indianapolis Industrial Center, Incorporated. 27 Industries Housed It does this by providing for housing of factories, and by the very magnitude of its plans it can bring more, aid to manufacturers than a dozen independent efforts to build factory structures could do. The great plant at Nineteenth street and Martindale .avenue proves that, for it houses twenty-seven in- j dustnal concerns which enjoy su- j perior advantages in many particulars, not the least of which is in j prompt freight service. Railroads can neglect one manu- j facturer in the press of some other activity, but they can not neglect a group such as this center affords. Service Is Convenient In fact, the center is not dependent upon one means of transportation, for it has an electric freight service as well, with a freight depot in the center of the i grounds. There is no waiting for tomorrow’s local at this place. Hourly shipments are possible. Nor need the manufacturer worry about the purely housing question. Rental of one of the factory locations provides modern buildings adapted to the need, heat, light and watchman service, and the convenience of being surrounded by other plants of like interests and mutual helpfulness. Directed by Chaille Potentially and in actual service, first to the manufacturers and second to the community, the Industrial Center is a great idea, which, under direction of Emerson W. Chaille & Cos., realtors and property managers, is providing ideal conditions for the growth of Indianapolis manufacturing. Emerson W. Chaille, one of the leading real estate dealers of the city for twenty-two years, with offices at 1409 Fletcher Trust building, is president of the company operating the center. He and L. J. McMaster, general manager of the center, feel they are being of real service to the city when they are able to locate factories in this ideal location, adding more payrolls to the city’s prosperity.

NEW REFRIGERATOR USES CRACKED ICE

Preserves Food Perfectly and Maintains Even Temperature. With the winter almost spent, the quesction of the refrigeration to be used in the home comes to the front again. One who does not examine carefully int othe merits of the Iciere refrigerator advocated by the Polar Ice & Fuel Company for its patrons is failing to see the most advanced form of household refrigeration in the market, in the opinion of many who have installed this remarkable refrigerator. A company of the standing of the Polar Ice and Fuel Company would not urge use of the Iciere unless it had proved to be something superior, but how good it is only can be understood after a careful examination, said Henry L. Dithmer, Polar superintendent. This is th erefrigeratcr that uses cracked ice. Not only is cracked ice more convenient for the housewife, more sanitary in handling, and fully as economical, bt actually it gives a more even temperature in the refrigerator. This is because it is the surface of the ice that absorbs the heat. A great block will* chill a refrigerator thoroughly, but when this block has melted to a small piece, the temperature is likely to rise, for not enough surface is presented to overcome the heat. Cracked ice. on the contrary, presents such a big surface that five pounds of ice in the Iciere will maintain the intense cold. There are many other features of this refrigerator that commend it highly. Its easy, accessibility, the fact that all the parts can be taken out for cleaning; its great capacity and its simplicity of operation all have advantages. But the one bi gthing about the Iciere is that it preserves food perfectly, under ideal_moist conditions that retain the natural crispness and freshness, and that it does this most economically. The Polar Ice and Fuel Company asks the public to inspect this Icieere before deciding on a re-

and FENDER WORK C. OFF & CO. 107 St Lincoln 154*

HU6E PROBLEM FACES STREET RAILWAY LINES City Transportation Needs Must Be Met Despite Cut in Revenue. By J. J. BEDLOYV If transportation is the very life- | blood of commerce and industry, it also is the vital essential of the men and w T omen who engage in business. It would be an utter impossibility jto build such factories as Indian- | apolis boasts if there were not adequate means of getting their goods to the consumer in different parts ; of the country. It always has been said of this city that it is a great railroad center, and that has been urged as one of the main reasons why it is a good place for industry. Yet, after the industries located here, if there were no means of getting employes back and forth from work, and they were compelled to locate under the shadow of the factory smokestack, the advantages of the industry would be counterbalanced by the wretchedness of the people. Costs Are Increased That is the importance of the place the street railway has in metropolitan life—a way of making available to the people of the city better home surrourdings, a higher degree of citizenship, and fuller lives. Other means of transportation have made the lot of the street car manager a difficult one in recent years. An absolute necessity to a part of the population, the street car has seen its patronage fall off in favor of the automobile, and there is an acute problem pressing in practically every city in America as to how adequate street railway service is to be maintained to answer the needs of the public in the face of greater costs and dwindling revenues. Patronage Necessary It is a problem that will have to be faced and solved by the municipalities. There must be adequate transportation, whether by street car, bus or other methods, and that transportation must be supported by the patronage of the public, or else come out of the taxpayers’ pockets. Obviously it is of more advantage to let the users support the transportation systems. The least the municipality should do is to make the burdens of the street car system as light as is fair to all concerned and extend, so far as is consistent with right principles, a helping hand to the poor man’s only means of tranportation.

frigerator of any kind, cofldent that its many advantages will appeal strongly. It may be seen at the Polar display rooms at 2000 Northwestern avenue. BRIDGE QUARREL ENDS WITH DIVORCE DECREE Wife Trumps Mate’s Ace, Is Thrown Downstairs, Court Told. By United Press CHICAGO, March s.—John C. Segeler told Judge Joseph Sabath in divorce court that “my wife and I were bridge partners and she trumped my ace of hearts.” Segeler said when he protested, his wife slapped him in the face. But when Mrs. Segeler told the court her husband threw her downstairs not long after the bridge game. Judge Sabath granted her the divorce and dismissed the husband’s cross bill. THIEF INVADES CHURCH Steals Purse Containing $3,400 in Diamonds As Woman Prays. By United Press TULSA, Okla., March s.—While Mrs. Charles Wesley West was kneeling in prayer at Trinity Episcopal church, a thief seized her purse which she had placed on a seat behind her. He escaped with the purse containing diamonds valued at $3,400.

lilL, PROTECTION! —*JT gtx>4 roofing la essential! Watt take care of any looks or defloieade*. dost phone and onr men will he an the Job. Estimates famished. HENRY C. SMITHER ROOFING CO. 430 S. Meridian Lincoln 4031

M It H 1 M.- -- " ■ ' X = Trucking CENTRAL Warehousing , TRANSFER & STORAGE COMPANY Established 1887 , 118-132 S. Alabama St. Phone, Riley 9384

O HAN XT’ riRE-FROOF WAREHOUSE FOR YOUR FURNITURE m. Moving. Storage. Packing. Shipping AUCTION EVERT THURSDAY H 4*30 N. ILLINOIS ST. Riley 1434 <■■■ HUB

THE INDIANAPOLIS TIMES

Airplane Tour Bookings Now Being Arranged Through Travel Bureau

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Popular Week-End Cruises Include Bermuda and West Indies. Even airplane tours now may be arranged through the expert assistance of the Union Trust Company Travel Bureau, 120 East Market Street, of which Richard A. Kurtz is manager. The bureau, extending its service, now provides bookings and information on the great airlines that span the North American continent, and those of Europe, as well. For those who prefer the more luxurious and leisurely delight of a trip to warmer lands to avoid the inclement weather of spring, there are trips to the Bermudas and West Indies, or even to South America. New and luxurious ships, providing well for entertainment en route, are beginning to alternate week

Hotels Becoming Center of Community Activity

Trend Toward Recreation Resorts Observed in Recent Years. Modern hotels -occupy a large place in the community life. Instead of being limited, as they may have been at one time, to the entertainment of the traveling public, they have become centers of community activity and to a considerable extent recreation resorts for people wht> appreciate the exslusiveness and the high quality of entertainment available. Hotel Antlers, Meridian and St. Clair streets, is an example of the modern tren din hotel activity. As one of the twenty-four hotels operated by the Albert Pick Hotel Company, it is kept in the forefront of modern hotel development, giving its wholeherted attention to .the job of making the people who seek its hospitality comfortable and pleased. In this effort is is aided greatly by an unusual and attractive physical equipment. A pleasing lobby, two flours in height and decorated in the best of style, welcomes the visitor. Around this lobby is a mezzanine, affording writing and lounging rooms of quiet comfort. A ebautiful ballroom rovides facilities for assemblies of any kind, while eight bowling alleys and a handsomely tiled swimming pool give recreation facilities. This pool, generally used by residents of the cit£ as -well as guests of the hotel, is under the care of an experienced swimming master, and men, women and children enjay its clear depth at all hours of the day. Instruction is provided for those who desire it. Another attractive feature is the coffee shop, which has both table d’hote and ala carte menus, at

Phila Oyster House DELICIOUS OYSTERS CLAMS SHRIMP FROGS 105 E. OHIO J. W. EVERINGHAM, Mgr. RI. 0606

SPEEDWAY GOLF COURSE Perfect Greens—Watered Fairways—Country Club Conveniences Reasonable Green Fees Caddy House, BE. 3570

View of the Union Trust Company Travel Bureau.

sailings on Thursdays, returning to New York Mondays, giving a popular week-end cruise. Many longer cruises, to popular points in the Caribbean and to the great cities of South America, with excursions to the Panama canal zone, the time varying from a few days to three weeks, are the subject of much interest at this time. In fact, the bureaus and steamship lines anticipate a busy season, for extremely low rates now are in force for all domestic and foreign travel. Low rates last year attracted many tourists, and this year still lower rates are in effect. All through the spring and summer other cruises offering special attractions are being offered. These include South American trips of varying lengths and itineraries, a number of Mediterranean cruises, replete with both historical and scenic interest, .and trips to the northern lands, including Scandina-

reasonable prices, wherein the food is maintained at the same high standard as the rest of the hotel. Guest rooms, large and airy, are completely furnished to the last detail. Every room has a private bath. But it is not alone in this splendid physical equipment that the Antlers has proved so attractive. There is a spirit of hospitality and cordiality about the place, the attainment of which in itself is no small triumph. This is due in no small measure to the personality of Mr. and Mrs. R. I. Griffith. Griffith is manager of the hotel and Mrs. Griffith contributes no small part in its hospitality. Wild Canaries in Connecticut By United Press NEW BRITAIN, Conn., March 5. —Hundreds of wild canaries sing daily for residents of a section of this city. They were liberated when fire swept the home of a bird fancier several years ago and have grown hardy and accustomed to caring for themselves.

Venezia Service Garage Corner Merrill and South East Sta. 4. JL T O- UmLiirn _ u CP*® 111 ®®® 1 x \ | S ! 5 fcaU General Repair Work and Complete Rebuilding. Phone. PR, 5845—Res. DR. 3802

L. H. WEAVER MILK AND CREAM “Where Purity Is \Paramount ** QUALITY SERVICE 1934 Madison Avenue DR exel 4475

RI. 9381

SHOP MORE 9 A. M. to 4 P. M. BY STREET CAR MOTOR COACHES NO PARKING WORRIES INDIANAPOLIS STREET R. R. CO. George C. Forrey Jr., Receiver

via and Russia. These trips proved very popular last summer. The travel bureau maintains close connections with leading steamship and railroad lines in the United States and abroad, enabling it to offer bookings and information on any desired routing for domestic or foreign travel. These aids smooth the way so much, and are of such practical assistance, that experienced travelers are glad to avail themselves of the services of the bureau. For the persons making their first trips of the kind, the bureau service is extremely helpful, reducing the cost of the trips and the inconvenience of travel to the minimum.

24-Hr. AUTO REPAIRING AND TOW-IN SERVICE DON HERR CO. Riley 2484 Ky. Are. & Maryland

INDIANA LAW SCHOOL UNIVERSITY OF INDIANAPOLIS 3 Year Course Leading to Bachelor of Laws Degree Office of Secretary Old American 1 Central Life Bldg. 8 E. MARKET ST. INDIANAPOLIS, IND.

Notice— MANUFACTURERS and JOBBERS SPACE FOR RENT Complete Housing Facilities for Large or Small Plants 30 Buildings, Each Complete in Itself. Heat FurnishedWatchman Service Free. Private switches, served by Belt R. R. and traction lines, connecting with all railroads For Complete Information Write or Phone Indianapolis Industrial Center 19th St. and Martindale Ave. CHerry 1945

fll ; HM. Y4 1 I'M XAijw Ostermeyer Paper Cos. Riley 6902 148 Virginia Ave.

HEALTH and ECONOMY THE NEW ICIERE (Pronounced Icy Air) @lt Keeps Your Food Incomparably Fresh, Moist and Tasty with complete refrigeration service for 19 months. Let us explain. REFRIGERATION Now on Display in Our Show Room POLAR ICE & FUEL CO. Main Office and Refrigerator Display Room Twentieth Street and Northwestern Avenue

OPEN TO THE PUBLIC ANTLERS HOTEL SWIMMING POOL vt Join the crowds of jolly bathers at. the Antlers Hotel Swimming Pool; pure sparkling water kept at a temper- * ature of 82 degrees all the ‘ time ips*?* ™ 10 A. M. to 10 P. M. Wi \ Adults 35c, Children 25c Always summertime at % THE ANTLERS Meridian and St. Clair *

iC HE members of the Printing Trades Unions of Indianapolis believe in Indianapolis and earn and spend three millions of dollars annually in Indianapolis. You can get your share of this business by using this : —i a bel on your printing. |g Keep Your Its use entails no added expense. I # . | Good Printing Is Your Best * FrUlting ] Salesman—Use More of It in j Allied Printing I Indi^Z° ,is j Trades Council I t INDIANAPOLIS i E. Curti. White. Free. Gut S. McCot. S.e.

1887—43 YEARS’ SERVICE—I93I j: THE RAILROADMEN’S BUILDING AND SAVINGS ASS’N. : 21-23 Virginia Avenue. An Indianapolit Booster

FRANCISCO /row HEATERS 1 New ••fume-proof’* manifold type with dash and rear seat electric blower units optional, 8 to 5 times more heat than any other type heater; 33.75 to $18.50 (extra for V-type motors!. More than n million Francisco Manifold Heaters have been sold and installed. Francisco now offers anew HOT WATER HEATER, made In three sizes. Practical, efficient, handsome. Backed by the pioneer manufacturer of auto heaters. Have your dealer or garage man install a Francisco today or ealt us. We have a complete stock and are in position to make prompt installation. Perfection Windshield Cos. 85 WEST PRATT ST. DISTRIBUTORS Lincoln 2*40 ———————

Joseph Gardner Company Tin, Copper and Sheet Iron Work Repairs on Slate, Tile and Gravel Roofs, Gutter*, Spouting and Furnaces 147-153 Kentucky Ave. Riley 1562

nn ,#"v w r steamship tk ajetb mill LETTERS OF CREDIT A Va/ JLm. K-J FOREIGN EXCHANGE Richard A. Kurti, Foreign Dept. TRAVELERS CHECKS H*UN!ON TRUSTS rnre radiator m rlftt INSPECTION “ DRIVE in and we wilt | hAfNI ATAHC | inspect your radiator, I KrIUIHIUKD hose, connections and I * ciearyedout waterways without cost to I -rsphirw you. I n-wfw I Be sure that your radiator is iu per- I DCCH.MI 1C Ij CD lUT I! feet condition and the cooling sys- llt LCD mUUJ.LA,IfVU ■ tern is functioning properly. ■ M/TO RAttJCTM SPKMJS3 B Let Us Check Your Radiator bbBHOSH^BRMP

MARCH 5, 1932