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

PAGE 2

HUGE SUM PAID BY UTILITIES IN EXPANSION WAR Trade Commission Bares Exoribant 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 commis- j sion 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, 849,920290. was 179 times the rea! book j value of 82.97 a share. The company , acquired was W. S Barrow Cos., j Inc., a holding company which controlled General Gas & Electric ■ Corp., which in turn controlled opor- j ating companies along the East Coast. In 1931, the Insull-controlled Natioal Public Service Corp. paid 8351 a share for controlling stock in the Eastern New Jersey Power Cos., which 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 81,909,364 for j 83 147.526

Other Instances Cited The New England Power Association. in competition with another firm, paid 8223 60 a share for 96.000 shares in the Worchester Electric Cos., which, the Commission's accountants found, had a book value of 870.61. Citing other similar instances the Commission declared them typical of the competition for purchase of desirable properties. Despite 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 that holding companies, natural gas producing companies and natural gas transmission ( pipe-line) companies are not subjected to any sort of control. The development of intra-state natural gas lines, the Commission said, "may well raise the question whether such lines should be classed as common carriers or public utilities, and their use made available to other interests as well as those owning the line. "At the present, the only way that an independent producer of gas can find an outlet for his gas is to sell 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.” V State Commissions Handicapped Woint ownership of generation and pns mission facilities, especially /hen inter-state, raises the question bf need for Federal regulation, the report said, explaining that state commissions have great difficulty in determining the amounts which should 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. Show Card Class to Meet A second course in show card lettering under direction of Thomas J. Suite will be opened at the Young Men's Christian Asociation. at 7:30 Monday night, it was announced today at A. F. Williams, educational director.

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Safe Deposit Boxes The Indiana National Bank of Indianapolis

36 Burglaries By Newspapers carried a story <f a man who broke into 36 __ | north side homes. Entrance mm in every instance was easy. §* The total loot ran into thou- L_ i£c ; S’* sands of dollars. Valuables — ~ y--, in your home are always .ij 1 ft) available to the man with the r ( £t ’ r.erve to take them. A safety deposit box at Security Trust *, ■ T coats only 53.50 a year. IPi SECURITY j W TRUST COMPANY MVMtfft INDIANAPOLIS CLfARINC MOUSt ASS'*

Fletcher Ave. Savings & Loan Assn. XW::;;:. 10 East Market Si.

ELEVEN PUPPIES—ALL ALIVE AND DOING WELL

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Two months ago a lady dog showed up at the home of Mr. and Mrs. Emerson Emery. 535 S. Keystone-av. and asked for a bite to eat. They took her in. Tuesday she presented them with li puppies, all discernable in this picture if you have a sharp eye for puppies. They’re all alive and doing well, although some of them have to be fed with an eye-dropper. *

Indiana in Brief

By Times Special LAFAYETTE. Jan. 12.—Recent progress in the control of pests and 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, will 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.

State Farmers to Meet | By 1 imes Special LAFAYETTE, Jan. 12. More i than 6000 Hoosier farmers are exi pected here next week when the an--1 nual agricultural conference opens at Purdue University. A five-day ! program, including addresses by M. | L. Wilson, Department of Agriculture assistant secretary; William I. Myers. Farm Credit Administration governor, and Lewis Taylor, Indiana Farm Bureau president, will be pre- | sented. nun Lebanon Woman Dies By Timex Special LEBANON, Jan. 12.—Police were called when neighbors received no response to repeated rappings on the door at the home of Miss Sarah Catherine Graham, Lebanon pioneer, and it was discovered she was dead. Chief W. A. Smith forced a | rear door and found her body bei side a kitchen stove, a piece of kindling still held in a hand. Cor- ! oner E. A. Rainey said death was due to heart disease. She was 70. an tt Salary Refused ! Bp Timex 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 an- ' nounced no future allowance would be considered. u a st Survives Fall I By Times Special GARY. Jan. 12.—Julius Uzelac, 17. remained in a hospital under observation today following a fall into a 15-foot elevator shaft from which he emerged with only head injuries. Physicians who examined the youth said no bones were broken and that only internal injuries could delay his rapid recovery. n n tt Auto Show Scheduled By Times Special BEDFORD. Jan. 12.—The largest automobile show in Bedford's history will be held here late this month or early in February, Ellis Fish. Dealers’ Association president, announced. A committee, headed by Postmaster A. C. Clark, has begun preparation for the event.

Poultry Show Set By Times 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 2§, 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 tt a Marriage Record Set By Times Special 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. a tt tt Farmer Finds Snake By Times Special GREENCASTLE, Jan. 12.—Robins j may not be acceptable as advance agents of spring, but surely a lively five-foot bull snake is assurance of a mild winter, according to Branham Austin, farmer, who found the reptile on his farm and brought it here for display. a tt o Stork's Aid Busy By Times Special MICHIGAN CITY, Jan. 12. The city's busiest obstetrician, Dr. J. B. Rogers, has had a record acturty. In an eight-hour period he delivered four babies, three girls and a boy. DR. MERTON S. RICE SPEAKS HERE TUESDAY Detroit Minister to Lecture at Meri-dian-st Church. I Dr. Merton S. Rice, pastor of the Metropolitan Methodist Episcopal Church, Detroit, will speak on" Poor Boy, Great Man,” at the Meridian -st M. E. Church at 7:45 Tuesday night. Arrangements for the occasion were reported complete today by J. I. Holcomb, chairman. Mr. Holcomb is being assisted by Arthur V. Brown, H. H. Hornbrook, John S. Wright, Alexander Taggart, H. P. Sheets. James W. Noel and William L. Taylor. Dr. Rice is to be introj duced by the Dr. Abram S. Wood- } ward, church pastor, following an organ presentation by Mrs. Myra : Clippinger. Junior members of the church, selected by a committee under Mrs. Hugh Carpenter, will serve as ushers. Mrs. Wilbur Patterson is chairman of the decorations committee, and ticket sale is in charge of Harry O. j Garman, Kennedy Reese, William j E. Mick and Edgar Henderson. PLANE, AFIRE, CRASHES Fliers Escape Injury; one, trapped, Rides Ship to Ground. | By United Press BROOKVTLLE, Ind., Jan. 12. Two army aviators from San Antonio, Tex., escaped injury yester- • day, one of them by using his parachute, when their airplane caught fire at 2.000 feet and crashed on a j farm near here. W. G. Holaday, the pilot, was unable to open a door to jump and rode to the ground with the plane. A few seconds after he had crawled i out uninjured, the plane was a | charred mass. C. W. Welman, the ! other occupant, landed with his i parachute a short* distance away.

THE INDIANAPOLIS TIMES

BUSINESS NEWS FOR THE WEEK

INSPECTION OF 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, it 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 thepporerw r er 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 between the two. By tests such as these, scientists have discovered that radiators painted in light tints allow the radiation of more heat than ones painted in the dark shades allowing it to pass through, which retain the heat instead of YELLOW PAINTS WALL Fireplace Wall May Be Improved as Part 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 and 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

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—NOTICE— Manufacturers and Jobbers SPACE FOR RENT Complete Housing facilities for Large or Small Plants Create Switches. Served by Belt R. R. and Traction Lines Connecting With All Railroads. Watchman Service Free. Indianapolis Industrial Center 19th St. and Martlndale Ave. CHerry 1945

24 Hours Every Day at Your * . Service. J UJ *2s3r On The Job Resrardless of the condition of your ear 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 You 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 Flan * 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 walks 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 in 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, and (4) It should present a satisfactory surface for, renewal at the end of its service.

SPECIAL Butter Scotch Brittle mm olfif Tm Til 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. LI. 1549

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

Union Trust Cos. 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, Fiij 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 POOL AND BILLIARD X TABLES Very Low Prices "Vs Reasonable Terms -l’' Bars for the Home. All Sizes We Rent* Dishes. Chairs and j Tables for Banquets (j Delivery Anywhere King’s Ind. Billiard Cos. 3 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 WISHES TO THANK EVERY ONE OF THEIR CUSTOMERS! It is of much regret to us that we can not express our appreciation to each of you personally; however, we appreciate the opportunity afforded us through the assistance of the Indianapolis Times in expressing our sincere thanks for the patronage with which we have been afforded. We assure you we will use our best efforts to merit your continued favor. POLAR ICE & FUEL CO. South Yard DRexel 1455 West Yard BElmont 0888 North Yard TAlbott 0689

l Mr# & Mrs* Bus Rldsrt ing approximately $225,000, - Y

Have You Provided for the Christmases of the Future? Long after the memories of other Christmas gifts 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 HCSBAND 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. 07K8-0789-0798

Established 188? 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

.TAN. 12, 1935

READING LAMP OF RIGHT TYPE PROTECTS EYES Light Company Provides Method for Measuring Home Illumination. Miss Leona Berlin, head of the home lighting 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 our eyes are extremely adjustable. So rapidly do their muscles expand 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.

Bum the I MONUMENT COAL CO. fg Comn.er, ial M Coal—Coke LB Special Frepared stoker Coals of All Kinds Domestic N Wjpßjm Coal—Coke j 701 E. WASH. ST. I 1-2223 —RI-5254