Indianapolis Times, Volume 46, Number 211, Indianapolis, Marion County, 12 January 1935 Edition 02 — Page 2

PAGE 2

HUGE SUM PAID BY UTILITIES IN EXPANSION WAR Trade Commission Bares Exorbitant Prices Spent by Firms. WASHINGTON, Jan. 12—Days of mad competition among utility holding companies for expansion were described to Congress by the Federal Trade Commission today in a new chapter of its report on electric and gas utility investigations. In an extreme case, the commission found that Associated Gas and Electric Cos. paid $531.04 a share for stock in a minor holding company which had a book value of $2 97 a share. The purchase price. $49,920290. was 179 times the real book value of $2 97 a share. The company acquired was W S. farrow A: Cos., Inc a holding company which controlled General Gas &z Electric Corp, which in turn controlled operating companies along the East Coast. In 1931. the Insull-controlled National Public Service Corp paid $351 a share for controlling stock in the Eastern New Jersey Power Cos., hich stock had been accumulated in the seven previous years by a Harry L. Clarke concern at $133.28 a share. In 1927 Standard Gas and Electric Cos. acquired Wisconsin holdings with a book value of $1,909,384 for $8,147,526. Other Instances Cited The New' England Power Association, in competition with another firm, paid $223 60 a share for 96.000 .-.hares in the Worchester Electric Cos. which, the Commission's acc untants found, had a book value of $70.61. Citing other similar instances the Commission declared them typical of the competition for purchase of desirable properties. D" pito this competitive situation, many instances were noted of the co-operative acquisition of properties lying between two large holdingcompany groups and the parcelling of distribution areas. Similarly, joint ownership and control of generating and transmission facilities were common. Holding Companies Unregulated Co-operative arrangements In in-tra-state business are generally subjected to state regulation, the commission reported. But it pointed out tha* holding companies, natural gas producing companies and natural gas transmission Ypipe-lme) companies are not subjected to any sort of control. The development of intra-state; natural gas lines, the Commission i said, "may well raise the question whether such lines should be classed as common carriers or public utilities. and thf-ir use made available to other interests as well as those ownin'’ tb“ line. “At the present, the only way that an independent producer of gas can j find an outlet for his gas is to sell j it to one of the interests controlling the line. “Thus independent producers are placed more or less at the mercy of [ those controlling the pipe lines.” State Commissions Handicapped Joint ownership of generation and transmission facilities, especially ■ when inter-state, raises the question of need for Federal regulation, the report, said, explaining that state commissions have great difficulty in determining the amounts which shou and be allowed for investment and expenses in the various jurisdictions. Investment bankers, described in one instance as "hungry’’ for utilities security issues, had great influence in building vast holding companies, the report said. “In the heyday of holding company exploitations just prior to the depression, investment bankers not only furnished financial aid when requested by holding companies but solicited the flotation of additional security issues and came to depend on holding companies for business,” it was reported. Sues City for SSOOO Carl Smith. 1709 River-av. who said he received injuries Oct. 23 when he drove his auto uto an unlighted barricade in Washington-st between Temple and Tacoma-avs, today sued the city for SSOOO damages.

Capeskin Leather /&ISE' GLOVES J BUY / Slipons In clack j oq V- brown.navy.Pr.p

Safe Deposit Boxes The Indiana National Bank of Indianapolis

36 Burglaries By Newspaper* carried a story jH of a man who broke into 3fi | north side homes. Entrance kYJt ;r In every instance was easy. rAiU*)! * [Si! 5? The total loot ran into thou- f £~ sands of dollars Valuables - in your home are always - —. l<ti ;R)jjr^available to the man with the r ■; ]UI } nerve to take them. A safety I n $ t deposit box at Security Trust m costs only $3.50 a year. ‘ li 18d.t*jjj-j _rn w iisfflf " SECURITY nw TRUST COMPANY j|||lyp|gi HfMIII IMDIANAPOUS CIiARIMC NOUS* ASS * HHJUufI

Fletcher Ave. Savings & Loan Assn. 10 East Markets,

Suspect in Slaying of Father of Six Is Held to County Grand Jury

An argument over a lew loose boards in a garage brought death yesterday r o Alfred Norsell, father of these children. In the chair, left to right, are Paul. Alma and Emily. end back of the chair, left to right, are Howard, Margaret and Cora. They live at 613 N. Keystone-av.

Man Named by Widow as Killer Is Bound Over Without Bond. Named by Alfred Norsell's widow as his slayer. Ben Shannon, 46, of 1334 N. La Salle-st, today waived examination and was held to the

Marion County grand jury without bond by Municipal Judge Charles J. Karabeil Mr. Noise!!, who was 47, died yesterday in City Hospital as a result of a skull fracture received, police say, in a fight with Shannon over minor damage caused by Mr. Norsell's car to a garage in the

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Alfred Norsell

rear of the Norsell home, 613 N. Keystone-av. Funeral services for Mr. Norsell were being arranged today. Mrs. Norsell’s mother, Mrs. Helga Robinsen, in whose name their home

Indiana in Brief

By Times Special IAFAYETTE. Jan. 12.—Recent progress in the control of pests and j diseases of bees will be discussed at beekeepers’ meetings during the annual Agricultural Conference at Purdue University Tuesday, Wednesday and Thursday. J. E Starkey, state apiary inspector, will outline the present situation in Indiana, while Prof. W. E. Dunham of Ohio State University will describe in detail the best methods for foulbrood control. B. E. Montgomery. instructor of beekeeping at Purdue, w.U give an illustrated lecture on the pests of bees and honey and their control. Other topics to be discussed at the beekeepers’ conference will include: Spring management and swarm control; wintering bees in Indiana- what the beekeeper should know about the structure of the bee, and marketing honey.

Salary Refused By limcs Special COLUMBUS. Jan. 12.—John B. Green, highway superintendent, must pay his office book-keeper from his own pocket, for the newly elected county commissioners have refused to sanction a S2O-a-month salary item. They allowed payment for salary for December, but announced no future allowance would be considered. HITCH-HIKING BILL IS INTRODUCED IN HOUSE Pe*'ennial Measure Is Proposed by Michigan City Represenative. The perennial hitch-hiking bill was introduced again this year in the House of Represenatives by Rep. Martin Krueger <D. Michigan City.) The proposed measure, which failed of enactment two years ogo. would make it unlawful for any person, while on a public highway, to beg or invite transportation from motorists by means of the uplifted thumb. Fines up to SSO and imprisonment up to thirty days, or both, are proposed.

is listed, returned today from Appleton, Wis., where Mrs. Norsell was graduated from Lawrence College and where they made their home for many years, and assumed charge of the family. Margaret Norsell, 14, who also heard the argument that led to her father's death and who helped her mother carry him unconscious into the house after the fight, is a senior this year at Technical High School, and will be one of the youngest pupils ever to be graduated from that school. The fatal argument arose, Mrs. Norsell said, when Shannon demanded that her husband repair a few boards his car had damaged from Shannon's garage. She said she heard her husband say he would lake the repairs and then, after he -d called to her to come out, she heard him fall to the ground. She said she saw Shannon flee and pursued him for about a block, but was outdistanced. Other children in the family are Howard, 11; Cora, 9; Emily, 7; Alma, 2’i, and Paul, 21 months. Five brother, six sisters and the parents of Mr. Norsell live in Denmark.

Poultry Show Set By i imex Special NEWCASTLE, Jan. 12. —Plans are being advanced for the first annual Henry County Poultry and Turkey Show to be held here Jan. 24. 25 and 26, under auspices of the Community Council. The council, too. is preparing ballots for the election of directors next week, and has made tentative plans with £0 merchants for a sales campaign to be held in February. a a ts Marriage Record Set />'.!/ 1 inn -i .•'pedal GREENFIELD. Jan. 12.—Most of them probably were Indianapolis and Marion County couples, officials admit, but more brides and giggling bridegrooms obtained marriage licenses here last year than at any other county seat in Central and Eastern Indiana. Only Marion County, in this vicinity, exceeded the number of licenses issued, a record total of 933. INCOME TAX PUBLICITY BLANKS DISTRIBUTED Revenue Bureau Prepares to Make Returns Open. By Scripp-Huicard Sewspaper Alliance WASHINGTON, Jan. 12.—The first step toward making income tax returns public was taken yesterday when the Internal Revenue Bureau began distributing pink slips that must be filled out by every person filing a return this year. The slips provide spaces for the taxpayer's name and address, his gross income, total deductions, net income total credits against net income for purposes of normal tax, and the amount of tax payable. Failure to return the slip to the bureau will cost the taxpayer $5, and the slip will be filled out for him by the government. The date for making the pink slip available for public perusal lies within the discretion of the Commissioner of Internal Revenue. CHURCH GROUP TO MEET Missionary Societies to Hold Session Wednesday. The Foreign Missionary Society and the Woman's Home Missionary Society of the Meridian Episcopal Church will meat for luncheon at 12:30 Wednesday in the church. Mrs. William N. Otto will talk on -Advance in Eduction :Building the Nfw Japan," |

THE INDIANAPOLIS TIMES

BUSINESS NEWS FOR THE WEEK

INSPECTION OF r AUTOS LINKED WITHSAFETY Factors Causing Accidents Discussed in Detail by Don Herr. Don Herr, owner of the Don Herr Garage, recently made the following statement to the motoring public: “When one reads the daily papers and notes the increasing number of accidents, its is little wonder that these yearly deaths have almost reached the proportions of a national catastrophe. “In numerous states laws have been passed to compel motorists to submit their cars to periodical inspections, at which time faulty brakes, lamps, windshield wipers, steering parts and other parts concerned in safety are rigidly inspected. When one stops to consider that last year 35.000 persons were killed in auto accidents, and 70.000 permanently injured it is little wonder that steps are being taken in every locality to prevent much of this needless slaughter. Traffic Menace Cited “In our 10 years of experience in complete rebuilding of wrecked automobiles we have had the opportunity to inspect some pretty sorrowful examples of where a little more care about the correction of some mechanical detail would have averted a serious accident. Most motorists know that there are literally thousands of cars in every community which are a menace to the ever-increasing traffic. These cars should either be put in fit or safe operatiing condition or be barred from use. “While it is quite true that wreck rebuilding and completed mechanical service gives us our livelihood, we are just as interested in subscribing to any movement which will prevent this loss of life, much the same as the doctor who advises you to submit to an examination periodically in order for you to keep well and fit. We invite motorists to inspect our complete facilities and avail themselves of a service that is backed by the experience of 25 years in auto maintenance. Services Enumerated “We call your attention to the fact that our downtown service station located at Kentucky-av and Mary-land-st is open 24 hours a day, offering a complete tow-in and crane service, mechanical service, body and fender repair, frame and axle straightening, brake relining, auto laundry and lubrication. A large stock of parts and a corps of trained expects are always available.” In addition the Don Herr Cos. carries a complete stock of winter accessories, including window defrosters, hot water heaters, skid chains and denatured alcohol. COLORS TESTED IN SUN Black Absorbs Most- Heat, White Least, Green Medium. A scientific test, made with black, white and green wooden paddles and a sunlit snowdrift, proved in an interesting way how certain colors have the power to absorb and retain heat. The black paddle sunk deep into the drift while the white one stayed practically on top and the green one remained halfway be- | tween the two. By tests such as j these, scientists have discovered ; that radiators painted in light tints ! allow the radiation of more heat I than ones painted in the dark shades j allowing it to pass through, j which retain the heat instead of YELLOW PAINTS WALL Fireplace Wall May Be Improved as Fart of Renovation. Panelling the fireplace wall of a living room, a colonial practice now popular with architects, may be done comparatively inexpensively as part of the home renovation program. It may be sheathed, for example, with tongue and grooved boards, arranged in random widths and placed upright. Leaving the wood in the natural tone, varnishing ana waxing it, is one effective procedure or it may be painted to harmonize with the rest of the wood trim in the room. Pays to Employ Good Painter To get a good paint job, employ a good dainter. Good painters use good paints and do careful work. This gives you assurance of a beautiful, long lasting paint job

Hk /AMPtt/CRCUUAit^SOOKL€T/jm

—NOTICE— Manufacturers and Jobbers SPACE FOK KENT Complete Housing Facilities tor Large or Small Plants Private Switches, Served by Belt B. R. and Traction Lines Con* neotin* With All Hail road*. Watchman Service Free. Indianapolis Industrial Center 19th St. and Martlndale Ave. CHerry 1945

24 Hours Every Pay at Tour /■ . On The Job Regardless of the condition of your car we are equipped to give— Expert Service For Any Car We fix wrecks or the car that Just doesn't run right. \ Let Us Sell Too Gasoline and Oil at Our New Filling Station!

CRUISE ROUTE INCLUDES BEACH AT WAIKIKI

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On the beach at Waikiki, on the route of the S. S. Rotterdam’s South Sea tour, offered by the travel department of the Union Trust Cos,

LABORATORY TO BE CONTINUED Indiana Law School Retains Feature for Second Semester Classes. Addison Dowling, registrar of the Indiana Law School, 8 E. Market-st, announced today that the spring semester of the school will begin Monday, Jan. 21. New students may register at this time. The legal laboratory course will be continued in the new semester. This course deals with the mechanics of the law'. A schedule of interesting and instructive moot courts has been arranged in which the students themselves will participate as counsel, witnesses, jurors and court officers. The new subjects offered for the second semester are: Domestic Relations, Sales, Real Properay I, Real Property 11, Insurance, Suretyship, Partnership, Mortgages, International and Conflict of Laws, Taxation, and special lectures in law office management and legal ethics. PERSONS IN ALL WALKS OF LIFE OBTAIN LOANS Capitol Company’s Plan Provides Installment Repayment. Credit is a universal necessity, as vital to the hard working clerk, artisan or laborer on small salary or wage as to great corporations or to governments to whom it is indispensable. The Capital Loan Cos., Inc., 41 E. Washington-st, 207 Kresge Bldg., serves the head of men from all W'alks of life, and in every sort of circumstance. As the business is essentially one of service, the payment plan is arranged to suit the conveience of the borrower, though the usual plan is to repay the loans .n monthly installments ranging from five to twenty months, with 10 months the period preferred in most transactions. A steady increase in business has been maintained by the company for a number of years and 1935 is expected to show still greater gains, according to C. C. Lloyd, manager. PAINT QUALITIES LISTED Four Main Requirements Essential in Satisfactory Product. To be satisfactory, a paint film should meet the following requirements: (1) It should firmly anchor itself to the surface; (2) It should effectively protect the surface; (3) It should retain its efficiency for a sufficient period, anu (4) It should present a satisfactory surface for renewal at the end of its service.

SPECIAL Butter Scotch Brittle On Sale at All Velvet Dealers

1882 1934 Fifty-Two Years of Continuous Service Joseph Gardner Cos. Tin, Copper and Sheet Iron Work Repairs on Slate, Tile and Gravel Roofs, Gutters, Spouting and Furnaces. 147-153 Kentucky Ave. Riley 1562

AUTO BODY REPAIRS Axles Straightened Cold While on the Car Fenders, Radiators and Bodies Repaired C. OFF & CO. 107 N. East St. XL 1549

Cruise to Last 65 Days to Leave New York Feb. 4

Union Trust Ce. Announces Details of Trip on S. S. Rotterdam. Those wishing to escape the uncertainty of Indianapolis weather may take a cruise offered by the Holland-American Line, on the S. S. Rotterdam, Sailing from New York, Feb. 4, the cruise will last more than two months. The ship will visit ports of the South Sea Islands, and included are stopovers at the Panama Canal, Mexico. California, Hawaiian- Islands, Samoan Islands, Fiji and smaller islands. Returning by way of the Panama Canal and South America, the ship will dock in New York, April 10. Ports to be visited are under flags of seven nations. The Canal NATURAL FINISH USED Oak, Ash, Chestnut Gives Charming Simplicity to Furniture. For a certain charming simplicity, many like a natural wood finish in furniture. The wood is first rubbed down with 00 sandpaper or steel wool. If open-grained, such as oak, ash or chestnut, a filler is applied to seal it and create a perfectly smooth surface. A thin coat of varnish is then put on, which is protected and freshened up with liquid or paste wax applied and rubbed down. How Ship Is Kept Shipshape Travelers do not always realize that the spic and span appearance of steamships is the result of practically twenty-four hours a day care. Day and night brass is polished, wood is scrubbed with holystone and water and repainting is carried on continually, . This unceasing diligence, so conducive to sanitation and decorative effect, is now being emulated on land by up-to-date hotel and factory owners, office executives and home owners.

Recreation Room Equipment T 1 POOL AND BILLIARD 1 TABLES Very Low Prices XT I Reasonable Terms ■l’ j Bars for the Home. All Sizes j We Rent Dishes. Chafrs and G Tables for Banquets Delivery Anywhere King’s Ind. Billiard Cos. §: 1631 Southeastern ; Dr. 5826 Dr. 3578

INDIANAPOLIS MOTOR SPEEDWAY 500-MILE RACE MAY 30

Zone, California and Hawaii, fly the Stars and Stripes; then the republics of Panama, Mexico and Colombia are visited. The Cook Islands are governed under a mandate by New Zealand, as is the island of Apia, and the Samoan Islands. The Marquesas and Society Islands are French, while the Fiji Islands form a British crown colony. Information concerning this cruise, covering sixty-five days, can be obtained from R. A. Kurtz, manager of the travel department of the Union Trust Company, 120 E. Market-st.

POLAR HAS THE COAL FOR EVERY PURPOSE COKE, POCAHONTAS, ANTHRACITE, WEST VIRGINIA, POLAR SPECIAL, CAMPBELL CREEK, ISLAND CREEK, WINIFRED, MAGIC, DANA, DANIEL BOONE, AMBER JACKET, SMITHING COAL, STOCKER COAL & INDIANA. Polar Requires the Best in Every Coal Field. POLAR ICE and FUEL CO. South Side Yard, 1902 S. East St. DRexel 1455 West yard BEL-0888 North yard TAL-0689

lined motor coaches, cost- ;j ing approximately $225,000,

Have You Provided for the Christmases of the Future? I.onsr after the memories of other Christmas gift* are forgotten, the memory of Life Insurance, sufficient to provide a comfortable home, will live in the thoughts of the woman whose husband has made such an arrangement for her. The same plan that provides this arrangement will also provide for ENJOYABLE CHRISTMASES FOR THE HUSBAND IN LATER YEARS, IF HE LIVES. Where will dollars buy more? See one of our representatives or call the Home Office for information. INDIANAPOLIS LIFE INSURANCE COMPANY Meridian at 30th St. TA. 07H8-0789-0799

Established 1887 CENTRAL TRANSFER AND STORAGE COMPANY COMMERCIAL TRUCKING WAREHOUSE FORWARDING DISTRIBUTING 209 W. South St. Riley 9384

INDIANA LAW SCHOOL UNIVERSITY OF INDIANAPOLIS ESTABLISHED 1894 For Information, Address the Registrar, 8 E. Market St., Indianapolis

RI. 9381.

JAN. 12, 1935

READING LAMP OF RIGHT TYPE PROTECTS EYES Light Company Provides Method for Measuring Home Illumination. Miss Leona Berlin, head of the home lishting department of the Indianapolis Power and Light Cos., suggests that “one of the wisest ways to spend the money that was received for Christmas is to invest in a suitable reading or study lamp. Either of these may be purchased at a moderate price, and will pay good returns on the value received by having the proper type of lighting.” “Few know that cur Lyes are extremely adjustable. So rapidly do their muscles expind and contract, we are not conscious, until too late, of the enormous effort required to see in a dim light. “Bright sunshine outdoors measures 10,000-foot candles; in the shade you get about 1000. Close to the window where you read you may have around 100. It is this difference in the amount of light that causes eyestrain, often causing severe headaches. “The proper lighting system may be worked out to suit individual needs by calling the home lighting department which will send a representative, who will by actual demonstration show the proper means of lighting the home.” ENAMEL USE EXPLAINED New Shade, Butter Adopted for Interior Decoration. Butter color is anew shade of yellow for walls, taken up by a prominent interior decorator and rapidly becoming a vogue. It is especially effective in a room where a pleasant, sunny air is needed—as a breakfast room or dining nook. One or two pieces of furniture may be painted the same, with upholstery and pillows to match. Contrast is obtained by window curtains and solid hued rugs or carpet in raspberry color. Large Paint Job The paint consumed annually in the United States would cover a fence 500 feet high and long enough to encircle the globe.

Burn the i MONUMENT COAL CO. C ramercial Coal—Coke Spetial Prepared Stoker Coal* of All Kinds Domestic Coal—Coke 701 F. WASH ST. LI-22S3—EI-f,tit