Indianapolis Times, Volume 46, Number 237, Indianapolis, Marion County, 12 February 1935 — Page 11

FEB. 12, 1035

Wall St. Creditors of Large Companies Fare Poorly. BY RALPH HENDERSHOT Timn swerial Writer NEW YORK. Fob 12 —Creditors of large corporations never have fared very well. The Securities Act should improve their status, but even that does not go quite to the heart of the subject of protection. Moreover, it is restrictive in its operations rather than enlivening. It will never spur corporate managements on to do a

better Job. but will fond to reduce their chance-tak-ing activities to the end that the enterprise in business may be dulled. It is impracticable to foreclose on a corporation for the purpose of collecting a debt. For one thing the holders of the bonds or other

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Ralph flrndrohot

debtors usually are eomp ,:, tely out of touch With one another so it virtually it impo lble for them to act in unison. Likewise, if they could get together for foreclosure purposes they could collect but little. for the equities are valuable only when parts of going and profitable concerns. When corporat.ons get into financial difficulties the usual procedure is to effect reorganizations. In such procedure the debtors invariably are obliged to forgo part <their equities. Moreover, reorganizations are long, drawn-out affairs. and are quite expensive as well. And, all too often, so-called protective committees become interested for what they can get out of the embarrased companies. nun PROTECTION without restraint would seem to be the best solution of the problem. This might be achieved if creditors were given a voire in the management of corporations before such corporations reached the ash can stage. It might be well, for instance, to afford bondholders the right to vote when the market value of their holdings has depreciated from 25 to 40 per cent. Such a provision would tend to keep managements on their toes. They would run the risk of losing their Jobs if they failed to showproper results m the way of earnings It would also act as a guard against overborrowing, and would give those who lent the money a feeling that they at least had been afforded an opportunity of saving how their money should be lost. It might be a good idea to make It mandatory that a certain percentage of earnings be set aside annually for the retirement of outstanding debts. This would guard acamst excessive dividends in good times and make it possible to adjust property valuations to actual proportions in times of depression. m * • ONE of the chief reasons why corporations can not reduce their prices at the present time is that thev can not afford to junk obsolescent plants and equipment. They have debts outstanding against these plants, and they must be kept working. New and better methods of manufacture are kept hidden on the shelves for the same reason. If they were brought out old plants would have to go or they would have to be revised to accommodate the new methods. It is common practice, of course, to charge off depreciations on plants each year. But all too often this reserve is reinvested in additions and expansions instead of being used to retire outstanding debts. And in the coin se of time depressions are encountered and the debts become burdensome. Banks usually insist on commercial debts being reduced when extension is suggested. Why should not the same practice be followed when the public is extending the rrerilt?

On Commission Row

Q .->*.* -r* below: are average wholesale fro-- h-.ng offered to buvers bv local I ruin Oran's. California Emperor* 27. lb b.' $2 75 Bananas 4’,c a !h Apple.'. I: r.a .V-athans sl*s. Oo’.den Deli!7s I*s Lent • 8 260. $1 Gneft: Tex." seedless. S3 At -on* 64- 70s and 60*. $2 50 Lime.'. Mexican, per carton 12*. 25c: Bvram. seedle per t .i-.dred *3 Pear. Oregon P -n’ ■ box. $3 50 Pmeanp.es. Porto K a-.* hall crates. UVi Axocados. 1 ho*. *1 5* Strawberries. Florida, r.r.- 17’.c per 36-pt crate. 16c. Apricots. 3 r*ec shies - Cabbace. Ner’hern Danish. b - *125 red Mi-H,. bo*. $'.25; N Tex." cabbace 50-lb fcac. *1 75 O:- v- Idaho sweet Spanish large. 50. ? in vel.ows. 15 lb*, tl 40: (9-ib rae *2 Michigan '• . *125 Potatoes Green Mountain*. IPO o bag. $1 50. northern round white. • b bar *i 10. Ohio* 10®-lb tat *2: t *O-lb bag S'. <H. New Texa 1 50-tb. bag $2. New K .- ida TANARUS: S2 '0 Sweet tx>ta'oe- Inc ana Jerxexx bushel. $1 fit Ter..-.easee N.ir.cv Hal s bushel. SI 35 Beans, atr >.**. hatr.tvw S5 Celerv. Florida *4 so a crate; California. S4 30 a crate tree . ~ do.’ r n 65c ;umbo. dozen. 9tc Cucumbers hot bouse dozen. $1 40; 2 and seen box. S2 50 End-.xe. Caitfornta. d-.-er,. 90c pec* basxe- $2 Esc Plant. $2 2'x do-er Kale, bushel. 73c. Le-tuce. hot b ■ i>e 15-lb ba-ke* SI 75. Arizona Iceberg head le - 'ice. S3 75 Mar.coes. Florida, cra’e SlO M;nt. bunch. 15c Parslev. c. ver.. 35c Peas hampers S3 Spinach. Texas, bushel $2 Radishes dozen 60c r n a toes 19-lb cart 'n SI 50 Honda o- ::nx S2 75 Turnips bushel 75c. Parsr. rs bus: el SI 35 Bee - bushel. SI 25. C b .-he! SI 25. 100-lb sack S! 75 Rhubarb, ho* house 5-lb. carton. 60c M nrooots lb 90 n 35c. A : cjetations subtect to change up or

Produce Markets

Delivered In Indianapolis prices: Hearv breed hen*. 13c Leghorn hens 9c col'ored springers. XJc, heaxy stags 9c; Leghorn stags. 7c; old rooster*. 6c; ducks, full feathered and fat. 10c; geese full feathered and fat. Sc: all classes of guineas. 15c No 1 strictly fresh countrx run eggs, loss off. 22c Each full case must weigh 55 lbs gross, a deduction of 10c a pound lor each pound under 55 lbs will be mad*. B .tt *r No 1 404i41c. butterfat. 3*c Quote Iby the Wadley Cos.

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ITALY HARD HIT BY BIG DROP IN TOURIST TRADE Slump in Value of Dollar Keeps Americans at Home. BY THOMAS B. MORGAN ( mtrd Prm Staff Crrfipondfnt ROME, Feb. 12 loss of nearly two billions of lire in tourist trade between 1929 and 1934 At the oeginning of the world crisis in 1929, nearly two and a half billion lire a year was spent in Italy by tourists. In each of the succeeding years this sum decreased till at the end of 1933 it was reduced to less than a tillion lire. It is estimated that the figures for 1934 hardly will reach six hundred million lire. Yearly Drop , In 1929, only 15 per cent of the two and a naif billion lire spent by tourists in Italv was left by Americans. In 1933 the percentage of the total amount of American tourists had dropped to 12. This year not more than 45.000.000 lire have been pent by .Americans in Italy. Americans living permanently in the country, with sources of income iiom the United Slates constituted in 1929 another 14 per cent of the annual tourist income. In 1934 this figure was reduced to 8 per cent. Another loss nas been in the emigrant remittances to the Postal Savings Bank. In 1930 the remittances were nearly 320 million lire, of which over 70 per cent came from the United States. In 1933 the remittances from all countries had dropped to 147.000.000 lire. Americans Quit Travel The decrease in the American tourist trade, which once was over 30 per cent of the total (comprising the permanent residents’ expenditures in the country) has had more effect in bringing about this unfavorable tourist balance than any other nation, but the restriction of German money in 1933 also had enormous consequences. In a comparison of costs between big cities like Rome and New York, food costs are less in New York. Rents, however, are higher in New York, except for the low-er classes, than in Rome; this probably is due to the forced decrease of rents by the Italian government in April, 1933. On the whole .he comparative cost of living is more expensive in Italy than in America. It is undoubtedly on this account, even more than due to the fall of the dollar, that Americans are not traveling in Italy.

Local Livestock

HOGS Feb. Bulk. Top Receipts. S. $8 15Vi 8 25 $8 25 50(10 6 8 15$ 8 25 8 25 4000 7. 8 tOfi 8 20 8 20 4500 8. 8 15Vi 8.25 8 30 4500 9. 8 30 Vi 8 40 8 40 1000 11. 8 40V> 8 50 8 55 4000 12. 8 15@ 825 8.30 500 Lieht lichT: • 140-160* Good and choice . ST.OOVj 7.75 Medium 6 50@ 7.35 Lieht wpicht: >IBO-180' Good and choice .. 8 15V7 800 Medium 7 60Vi 8 0 >IBO-200> Good and choice .. 8 20Vi 8.25 1180-200i Good and choice . 7.75 Vi 8.00 M- * •• .1 8 25Vi 8 30 Medium neiehr: >2OO-2201 Good and choice .. 8 15@ 830 1220-250i Good and choice .. 810 Vi 8.20 Hwnrfeisht: 1250-290' Good and choice .. 7 90V? 8 15 >2OO-350i Good and choice... 7 20<% 735 Parkinc sows: i275-350> Medium 7 10@ 7.25 >350-4251 Good 7 00Vi 7.5 425-5501 Good 7 00Vt 7 35 1275-350' Medium 6.75 VJ 7.10 Sla’ichter pies. >IOO-140> Good and choice .. 5 25v? 675 Medium 4.25 VJ 6.50 CATTLE —Receipts. 1600— —Steer*— ,550.0001 Choice $10.254712.25 Good 9.25911.50 Medium 6 75Vi 9 50 Common 5 00Vi 7.00 • 900-11001 Choice [email protected] Good 9.50 vi 12.25 Medium 9.25@ 9.75 Common 5 00V< 7.50 1100-13001 Choice 12.254713.50 Good 9.75@ 12.50 Medium ...... 7 504710 00 >I3OO-15001 Choice 12.25 Q 13.50 —Heifers—->soo-7501 Good 10 004712 50 Chotce 9.00 'a 10 00 Good 8 00 @ 9.00 Common and medium 4 00Vj 8 00 750-900' Good end choice .. 8 25V710 50 Common and medium 4.2541 8.25 Good 5.759 7.50 Common and medium 3 50 Vi 5 75 Low cutter and cutter 2 00<2 3.50 —Bulls—(Yearlin** Excluded) C-ood 4 759 5.75 common and medium ....... 350 g 6.25 mins —Receipts. 400— Good and choice $9 009 9 50 Medium 6 5047 9 00 Culi and common 3.0047 6.50 Calces—-•2so-500* Good ond choice ... 6 2547 9.00 Common and medium 3 50 a 6.25 —Feeder and Stocker Cattle— Steers—>soo.9ool Good and choice 5 5047 725 Common and medium .. 4 0047 550 > 300-1050 • Good and choice .. 575 5 750 Common and medium 4.2547 5.75 —Cows— Good 3 50f 4 25 Common and medium . 2.7547 3.50 SHEFP AND lAMBS —Receipts. 2500 Lambs 90 to 120 lbs., sood and choice $8 2547 900 Common and medium 6 0011 8 50 90-120 lbs . tood and choice . 350 $ 450 Sheep 120-150' Good and choice 3 0047 4 25 A:, ueights. common and medium 2 0047 3 25

BACKACHES KIDNEY DISORDERS rorreeted D taking DIUREX Sold and Guaranteed HA AC’S Cut Price Drugs

OVERCOATS Relmed. refitted, remodeled. at reasonable prices. LEON tailoring co W 131 E. New York St

LOANS^iZS-^ and Reflaam-ing—Sß Month* in Ps Wolf Sussman Inc *9 W. Wash. til.. Opposite Statehouse. EatabUahed M Veara. 1.1-9749

WHERE AMBITIONS CLASH IN AFRICA

£ ,V| fIeNCH - .... Somaliland p.o^ PAS TAFARI MUSSOLINI

Along the border between Italian Somaliland and the ancient kingdom of Abyssinia, a series of menacing clashes have led to seriou. trouble. Hemmed in by European possessions and ambitions, Ras Tafari, reigning descendant of the Queen of Sheba, strives to keep an independent kingdom. British Egypt depends for life

Other Livestock

•By United Press! CHICAGO. Feb 12— Hobs— Receipts. 19.000. including 8000 directs; mar.iet stcadv; w eights above 200 lbs sß.lo<*/ 8.25: top. S8 25; 160-200 lbs.. $7.753 8.10: 140-160 lbs.. S7 25b, 7.85: 100-140 lbs.. $5.5037.40: good packing sows. $7.503 7.66; light lights. 140160 lbs . good and choice. $7.253 7.85; lightweights. 160-200 lbs., good and choice. $7.60 3 8.15: medium weights. 200-250 lbs., good and choice. SB3 8 25: heavyweight. 256350 lbs., good and choice. $8,103,8 25: packing sows. 275-550 lbs., medium and choice, $6 503 7.70: slaughter pigs. 100140 lbs., good and choice. $5.503 7.50. Cattle —Receipts. 7000: calves, 2000; fed steers and yearlings more active than Monday; fu'lv steady; all grades getting outlet; Stockers and feeders scarce; firm: strictly good and choice steers and yearlings very scarce; ton $13.75. some held higher; verv meagre supply steers selling above sl3: bulk going at sl2 down to $8 25: other killing classes fully steady, excepting bulls; this class weak, slaughter cattle and vealers. steers, 550-900 lbs., good and choice. $9 253 13; 900-1100 lbs., good and choice. $9,753 13 75; 1100-i3OO lbs., good and choice. $10.25314: 1300-1500 lbs., good and choice. $10.753 14: 550-1300 lbs . common and medium. $53 10 75: heifers. 550-750 lbs . good and choic". $8 753 11. 25: common and medium. $4.253 8 75; cows, good. $63 8: common and medium. $3.75''./ 6. low cutter and cutter. $2,503 3.75 j bulls tvearlings excludedi good ibeefi $5 3 6.25: cutter, common and medium. $3.75 3 5.25; vealers. good and choice. $738.50: medium. $5.5037: cull and common $3.50 '.i 5 50: stocker and feeder cattle, steers. 550-1050 lbs . good and choice $638 25: common and medium. $4.753 6. FT WAYNE. Ind.. Feb. 12.—Hogs—103 15c lower: 200-250 lbs.. $8 15; 250-300 lbs., $8: 300-350 lbs. $7.7; 180-200 lbs.. $8 05; 160-180 lbs., $7.95: 150-160 lbs.. $7 40; 140150 lbs . $6.90: 130-140 lbs., $6.40; 120-130 lbs . $6 15: 100-120 lbs.. $5.65; roughs. $6.75; stags. $4.75. Calves, $9; lambs. $8.50. LAFAYETTE. Ind.. Feb. 12.—Market, 25c lower. 200-250 lbs.. $8.053 8.15; 250-300 lbs., $7 953 8: 300-325 lbs.. $7.85: 160-200 lbs.. SB3 8 05; 150-160 lbs.. $7.253 7 50: 135-150 lbs. $6 753 7: 125-135 P's.. $6 253 6.50: 115125 lbs.. $5.753 6: 100-115 lbs., $5,253 5.50; roughs. $7 25 down Calves, steady; $8.50 down; lambs, steady: $8.25 down. LOCAI CASH MAKKEI Citv grain elevators are paying 89 cents for No. 2 soft red wheat. Other grades cn their merits Cash corn No 3 vellow 82 cents and oats 45 cents.

YOU WHO OWN LIFE INSURANCE WILL BE INTERESTED IN THESE FACTS It is important that everyone know the principle of legal reserve life insurance. It requires that a life insurance company shall mainly* 1 tain, perpetually, margins of safety which will at all times enable it to • \* / meet all obligations whenever they fall due. w .sat The Lincoln National Life through sound insurance management TflP has persistently held to this principle. Safety and sound insurance protection is the result to policy owners. Even through the five depression years, 1930-1934 inclusive, progress has been made- During this five-year period, the Company increased its insurance in force to a total of $867,487,000; paid policy owners and beneficiaries s7l 415,000; added $19,700,000 to the reserve to be paid policy owners in the future; and increased its assets $46,830,000. Surplus to protect policy owners increased to $6,828,000. During 1934, the Lincoln National’s new business increased 43.6?0 a gain four times greater than the average of all life insurance companies. STATEMENT OF CONDITION, DEC. 31, 1934 ASSETS LIABILITIES Cash *nd Marketable Micy Rmwvm $104,618,567.37 . i Additional Policy Owners Funds 446,811.94 Secur,,,M * ’ Premiums and Interest Prepaid 1 176.378.94 First Mortgage Loans 37,136,030.39 Special Reserves— Properties appraised at For Death Claims Not Yet Completed er $99 078 000 Reported $1,249,722.00 Loans to Policy Owner. 24.299.398.91 For Taxes Payable in 1935 725,469.00 _ ’ ~,M For Commissions. Medical Fees and Other Trusteed Assets 14.321,665.42 Bills Not Yet Presented 755,746.00 Balance Due on Properties For Losses on Real Estate and Mortgages 227,169.00 Sold Under Contract 1,083.904.33 Real Estate 10,631.404.20 Total Special Reserves. 2,958.106.00 Interest Due and Accrued 1,934.831.10 Total Liabilities on Account of Policy Owners 109.199.864.25 Net Premiumsi n Course of Capital Stock . $2,500,000.00 Collection 3.394,825.77 Unassigned Surplus 3.500.000.00 Home Office Property 2.370.759.70 Special Surplus for Contingencies 828,845.91 All Other Assets 1.153,230.85 Surplus to Protect Policy Owners 6.828.845.91 Net Admitted Assets $116,028,710.16 To Balance Assets $116,028,710.16 Proud of its record. The Lincoln National Life sends to policy owners a complete booklet describing the 1934 business of the Company in detail. You may have a copy on request Also a booklet scheduling ttfe securities owned. Send in the coupon. The Lincoln National T DEPT. LT- FORT WAYNE, INDIANA Life Insurance Company * tease send me copy of your detailed anauai report. FORT WAYNE, INDIANA Artmw INDIANAPOLIS GENERAL AGENTS S tree r BURKHART & MOORE, 914 Continental Bank Bldg. City and State

THE INDIANAPOLIS TIMES

on water from the Blue Nile, rising in Lake Tsana. French interests built the only railway, from the port of Jibuti in French Somaliland to the Abyssinian capital, Addis Adaba, Italian coastal colonies of Eritrea and Somaliland are expanding, militarized, and would like to connect across Abyssinia. This makes further military exploits likely.

ADMITS SETTING FIRE TO COMMUNAL BUILDING Jewish Officials Deny Man’s Charges of Aid Refusal. Arnold C. Eichel, 53, of 1342 N. Illinois-st, today confessed to setting fire to the Jewish Communal Building. 17 W. Morris-st, last Friday. according to police. He charged that he set the fire because the Jewish Federation had denied his daughter medical aid. Officials of the Federation denied Eichel's charge and pointed out that his daughter is receiving medical attention in a hospital. is quoted by police as saying that, in a drunken mood, he used turpentine and matches to set fire to papers and weather boarding in the basement.

Other Livestock

ißy Times Special) LOUISVILLE. Feb. 12.—Cattle—Receipts, 200; market, generally steady; bulk common to medium steers and heifers, $53 7.50; better finished kinds absent early and quotable to $9 or better; bulk beef cows, $43 5; good kinds quotable to $5.50 and above; for heifer types IoW cutters and cutters, mostly $1 753 3.25; strong weights to $3.50; sausage bulls were scarce, quotable mostly from $3,503 4.75; better beef type stock calves were quotable at $637; good kinds higher inferior to common southern Stockers, $3,503 4.50. Calves —Steady: good to choice offerings, $73 8; medium and lower grades mainly . $6.50 down. Hogs—Receipts. 600: market 25c lower; top and bulk desirable 180-250 lbs., $8 15; 255 lbs. up. $7.70: 160-175 lbs., $7.40; 140-155 lbs., $6.90; 120-135 lbs., $5.95; sows. $6 40. Sheep—Receipts, 50; market, steady; bulk medium to good lambs, $73 8: choice quotable to around $3.50; common throwouts. $6; fat ewes, 53.50 down. Receipts Monday: Cattle 1017, calves 598, hogs 1187, sheep 275,

RETIRED CITY REAL ESTATE BROKER DEAD Final Rites Held Today for William S. Turner; Burial Here. Final rites for William Smith Turner, retired real estate broker, who died Sunday at his home, 940 E. 34th-st. were to be at 2 today in the Kregelo & Bailey funeral home, 2233 N. Meridian-st. Burial was to be in Crown Hill. He was 63 at the time of death. Mr. Turner was a member of the Tabernacle Presbyterian Church and a charter member of the Columbia Club. He is survived by the widow and a daughter, Miss Jane Julia Turner. George Harris Passes Funeral services for George R. Harris, a farmer living at Keystoneav and River-rd, who died yesterday at his home, wiy be held at 10 tomorrow at the home. The body will be sent to Shelbyville, his former home, for burial. Mr. Harris w'as 64. Surviving Mr. Harris are a stepson, Elmer C'ampele, and a stepdaughter, Mrs. Eli Oltman, both of Shelbyville; four brothers, Scoti and Elijah Harris, Indianapolis; Walter Harris, Dixon, Cal., and Walker Harris, Shelbyville, and two sisters, Mrs. F. L. Miller, Harrisburg, Pa., and Mrs. William Adams, Rush County. Oliver Royster Dead Oliver R. Royster, a resident of this city nearly all his life, died yesterday at his home, 726 N. Tre-mont-st. He was born 40 years ago in Pueblo, Colo. Funeral services will be held at 2 tomorrow at at the Eighth Christian Church, of which he was a member. Burial will be at Mt. Pleasant Cemetery. Surviving Mr. Royster are the widow, Mrs. Lillian Royster, and a stepson, Shirley Truly, A. E. Cook Rites Set Funeral services for Alfred E. Cook, a bookkeeper who died yesterday at his home, 2958 Broadway, after a 10 weeks’ illness, will be at 2:30 tomorrow at the home. Burial will be in Crown Hill. A lifelCng resident of Indianapolis, Mr. Cook was a member of the Central Christian Church and the Knights of Pythias Lodge. Mr. Cook was 60, Bar to Honor Inman The Indianapolis Bar Association will pay tribute to the memory of the late Ephraim Inman, prominent local attorney, at 11 tomorrow morning in Superior Court Three. Services for Mr. Inman, who died Friday night in his home, 33 E. 16t.h-st, were held yesterday. Dubuc Rites Tomorrow Funeral services for John B. Dubuc, a former official in several transportation companies here, who died Sunday in his home at 4945 Washington-blvd, will be at 8:30 tomorrow morning at the home and at 9 in St. Joan of Arc Catholic Church. Mrs. Martha Rogers Dead Last services for Mrs. Martha Rogers, the mother of Arthur C.

VALLEE PUZZLED OVER INCOME

If ■ wjm lljjfe , - ><J§ ?■'lf I v lit ' jii

The crooning business is a profitable one, Rudy Vallee, orchestn leader and singer, admitted on the witness stand in New York Suprcmi Court during Fay Webb's suit for more alimony—so profitable that hi couldn't estimate within SIOO,OOO his income last year. Vallee is showi puzzling over documents.

SCHOOL HOUSING NEEDS ARE OBJECT OF SURVEY Board to Open 10-I’oint Program in Meeting Tonight. A committee to conduct a survey of housing needs in the Indianapolis School City with the view of establishing additional classrooms will be appointed at the school board meeting tonight, Merle Sidener, board president, announced today. Mr. Sidener said that the survey was one of the points in the 10point program pledged by the school board for 1935. He pointed out that Shortridge High School, constructed for 1500 pupils, now houses approximately 3500. Similar conditions exist in other high schols, Mr. Sidener said. Since 1920 and 1921 the population in the schools has grown 128.99 per cent, according to a survey conducted in 1932 and 1933. CO-OPERATION IS URGED IN HEALTHJVIOVEMENT Cleveland Physician Stresses Need of Medical, Dental Clubs’ Aid. Co-operation of members of both the medical and dental professions in public health movements was stressed last night by Dr. Norman Denner, Cleveland, in an address at the joint dinner-meeting of the Indianapolis Dental and the Indianapolis Medical Societies in the Columbia Club. Albert Stump, Indianapolis attorney, also spoke at the meeting. About 250 persons attended. Rogers, employed in the City Controller’s office, were to be held at 2 today in the Roachdale (Ind.) Christian Church with the Rev. E. L. Day, Indianapolis, officiating. Burial was to be in Roachdale. Mrs. Rogers died yesterday at the age of 83 in he’ - Roachdale home. She is survived by seven cnildren, Mrs. Mayme Williams, Mrs. Minnie Fry, Arthur C. Rogers, Cleve Rogers and Asa Rogers, all of this city, and Miss Mabel Rogers and Claude Rogers, Roachdale, eight grandchildren and two great-grandchil-dren.

p S2SS r GLASSES wmm CN EASY U Ml 2 a honestly what kind %) I 9.DU of classes you need. Very little money is required to buy your glasses from us. as you can pay as you wear —a small amount each week. Price Includes Examination Come in an< ’ mfet ° ,,r octor-he satisfied. p av 50c Jj '■ ' Glasses Fitted nr A.-M I by Ex l*’ rt *vo.a yAinEik wt °rr, r r eek 2 W. WASHINGTON in Charge

LISTEN! BE READY! WILL KNOCK AGAIN ON EVERY DOOR IN INDIANAPOLIS SATURDAY, FEB. 16th WATCH THE TIMES

PAGE 11

LIFE LOST BY HIT-RUN VICTIM Injuries Prove Fatal to City Man Struck by Auto Last Tuesday. Frank Toner. 54, of 1428 Brad-bury-st, died today in City Hospital of injuries suffered in an automobile accident last Tuesday. He was the seventeenth person to die of injuries received in traffic accidents in Marion County this year. Mr. Toner was crossing Illinois-st at South-st when he was struck by a hit-run driver. The following day Arnold Busby, 1127 E. Market-st, was arrested and admitted being the driver of the hit-run car, according to police. Busby was formally charged with 1 involuntary manslaughter today. Suffering from a fractured nip and a severe gash on the head. Mr. Toner was sent to City Hospital. Edward P. Howard. 58. of 1733 N. Meridian-st, received face cuts and chest injuries early today when the automobile he was driving struck the safety zone guard at the southeast corner. Illinois and Washington-sts. He was sent to City Hospital and charged with intoxication.