Indianapolis Times, Volume 46, Number 257, Indianapolis, Marion County, 7 March 1935 — Page 12

PAGE 12

FUNERAL RITES ARRANGED FOR FRANK C. ISKE Lifelong Resident of Citv Operated Furniture Business. Services for Prank C. Iske, lifelon* resident of Indianapolis, who j died Tuesday In his home. 650 E. 51st-st, will be helrf at 2 tomorrow In the residence, with burial in Crown Hill. Mr. Iske was associated with his brother. George Iske. in the Iske Furniture and Upholstering Cos. 4913 College-av. He was a member of the Carrollton Avenue Reformed Church and was 72. Surviving are a son. Herbert Iske. Alhambra. Cal ; a daughter. Miss Norma Iske. Indianapolis; a sister., Mrs Caroline Reineke, Indianapolis., and the brother. Manlove Rites Set Services for Mrs. Mayme W Manlove, who died Tuesday at her home. 2920 N. Capitol-av. will be in Cambridge City, in the Christian Church at 2 tVnorrow, Mrs. Manlove was the wife of O S. Manlove. former equipment engineer of the State Highway Commission. Surviving are the widower, a son. James Wright; five sisters, j Mrs. Crystal Bookout. Richmond; S Mrs. Josephine Givens. Somerset,! Kv. and the Misses Madeline Scott. Edna Scott and Marietta Scott, all of Union City, and two brothers. James Scott and Eugene Scott, both, of Richmond. Charles Fleming Dies Funeral services for Charles Fleming. E. 62nd-st. who died yesterday in the United States Veterans' Hospital following a three weeks' illness, will be held at 3:30 Saturday in the Flanner & Buchanan' Funeral Home. Cremation will follow. Mr Fleming, who was 62. was a veteran of the Spanish-American War. and was secretary-treasurer of the Statewide Engineering Cos. He ; had lived in Indianapolis 45 years Surviving are the widow. Mrs. Gertrude Escott Fleming; a brother. Harry Fleming. Omaha. Neb., and j three sisters, Mrs. E. A. Hunter. ( Bellingham. Wash.; Mrs. Guy'

90 th ANNUAL STATEMENTNEW YORK LIFeTnSURANCE COMPANY A MUTUAL COMPANY FOUNDED IN 1845 INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK

To the Policy-holders and the Public:— On the occasion of the ninetieth annual report of the New York Life, it is fitting to review briefly its record of accomplishment since it began business on April 12, 1845. Founded when this country was young and sparsely settled, the New York Life has forged steadily ahead, spreading the benefits of its protection over millions of people and contributing, through the investment of its funds, to the Nation’s development. Having always been a mutual company, it has declared over one billion dollars in dividends payable to policy-holders. Since 1845 it has met every obligation through every panic, war and epidemic During the past year the Company paid or credited $157,000,000 to living policy-holders, and $70,000,000 to the beneficiaries of those who died. The Company’s assets were $2,109,505,224 at the close of 1934. an increase of $98,562,112 over the previous year. The gain in assets during the single year 1934 is greater than the total amount which the Company accumulated in assets during the first forty-four years of its history. During the year 1934 our investments in Government, State and Municipal Bonds increased $146,918,786. A decrease of $17,000,000 in policy loans and an increase of over $60,000,000 in new insurance issued during the year reflect the general improvement of business in 1934. The following table shows the diversification of the Company’s assets at the end of 1934. All bonds eligible for amortization are carried at their amortized value determined in accordance with the law of the State of New York. All other bonds, including bonds in default, and all guaranteed and preferred stocks, are carried at market value as of December 31, 1934.

A more complete report listing the owned by the Company, together with an illustrated booklet describing the Company* ninety years of service to policy - bolder*, will gladly be sent upon request. Write to the Company’s Hama Office at 51 Madison Avenue, New York, or to any of its Branch Office* throughout the United States and Canada. BOARD OF DIRECTORS J\MFS ROWLAND AN'GELL NICHOLAS MURRAY BITTER CHARLES D. HILLES GERRISH H. MILLIKEN Pr*Mdnf. Yale University President, Columbia University Resident Manager New York Statu, President. Liesrmg, Milhken & Cos. ivrn CHARLES A. CANNON ** ,Amxume * C * rp FRANK PRESBREY NATHANIEL F. FR Chairrtmn of Board. HALE HOLDEN Chanman of Board. Treasurer. Cabot Mfg Cos. Testilee) Cartoon Mills Cos.. Chairman of Southern Pacific Cos. Frank. Presbrey Cos., Advertising ARTHUR A. BALLANTINE Kanaapoi*. h. c. HERBERT HOOVER ALFRED E. SMITH La-r- Roof. Clark. Bucknar G FORGE B. CORTF.LYOU Former Pres,dent o/ lotted Stafes Former Governor. pa..anrme President. Consolidated Gas Cos Palo Aho. California State of New Yo k CORNELIUS N. BLISS u . vcrD-rw January 9. 1935) Chairman of Board. WILLIAM H. DAN FORTH J. BAR.STOW SMULL Bliss. Fabyan + Cos. Chairman of Board. j Vice-President, HENRY BRUERE 19351 /. H. Winchester & Cos. Present Bowery Savmgs Bark rwAW! IVC PFRCYH JOHNSTON PERCY S. STRAUS MORTIMER N. BUCKNER ROBERT F DO* LING PERI .H. JOHN NT ON President, R. H Macy *> Cos.. I no. Chairman of Board. President. City Investing Cos. Bank + Trust Cos. hew York Trust Cos. JAMES G. HARBORD ___ RIDLEY WATTS THOMAS A. BUCKNER Chairman of Board. MILLARD \. KING Director, President • Rsdio Corporation of America Retired Chemical Bank r Trust Cos.

EDITOR IS DEAD

J. P. O'Mahony Requiem mass for J. P. O'Mahony, Catholic editor and fraternal leader, was offered this morning in SS. Peter aud Paul Cathedral, with burial in Holy Cross Cemetery. Mr. O'Mahony died Monday in St. Vincent's Hospital after an operation. He was taken to the hospital Thursday. Ranston. Tabor. la.. and Mrs. E. A. Nichols. Miami, Fla. Accident Victim Dies Funeral services for James P. Jones. 4512 E. 18th-st, who died yesterday in a Linton hospital of injuries sustained Tuesday in an automobile accident near Switz City, will be held tomorrow in Edwardsport. Mr. Jones was a FERA employe. Hf' us survived by his widow, Mis. Olive Jones; his daughter, Mrs. Audrey Brown, and her daughter. Anita Brown. 4. all three injured in the same accident. Mrs. Jones’ condition is reported as critical. Other survivors are Mr. Jones’ mother; another daughter. Miss Ruth Jones. Indianapolis, and a son, George Jones. Ed ward sport. HUEY ANOTHER •HITLER' Listed hy Georgia Governor's Son as "Outstanding Dictator." By I nited f‘rr*s NEW ORLEANS. March 7—Herman Talmadge, son of Georgia’s Governor. Eugene Talmadge, listed Huey Long with Mussolini and Hitler, as the "three outstanding dictators of the world" in a debate at Tulane University last night.

IN INDIANAPOLIS THE NEW YORK LIFE'S BRANCH OFFICE IS AT Merchants Bank Bldg;.. 11 S. Meridian St.

PRESIDENT DANS FURTHER CUT IN DOLLAR'S VALUE Additional Money Jockeying ■to Raise Price Levels Abandoned. By I nitrti Vretn WASHINGTON, March 7—Administration officials appeared today to have decided against further I monetary experimentation as a means of raising commodity prices and relieving American debtors. A White House denial that further dollar devaluation is contemplated was issued following erroneous interpretation of President Roosevelt's belief debtors should further be relieved. Presumably the American dollar is to continue "pegged'’ at 15 5-21 grains of gold, the equivalent of $.15 an ounce. Other means may be sought to raise domestic price levels. It was pointed out domestic commodity prices since President Roosevelt took office have risen 31 per cent. In the same period the dollar was devalued by 40 94 per cent, or I the equivalent of raising the price of gold 70 per cent. Because of the relatively small response of prices to devaluation of the dollar, it was believed Administration officials were re’ucI tant to use further monetary manipulation as a means to boost prices. A further substantial boost in price levels is desired by the Adi ministration so as to cheapen the purchasing power of the dollar and make it easier to pay off debts. Numerous steps to boost prices can be taken by the Administration without touching the present gold content of the dollar. Efforts Regular Elimination The proper use of Thedford's Black-Draught, 'for constipation) [ tends to leave the bowels acting regularly. It is a fine, reliable long(stablished family laxative. "I have used Thedford's BlackDraught fully thirty years,” writes Mrs. J. E. McDufT, of Elgin, Texas. "I had trouble from constipation is why I first began the use of it, and as it gave perfect satisfaction I do not see any reason to change.” Another good thing about BlackDraught that helps to make it so popular —it is NOT expensive. THEDFORD’S BLACK-DRAUGHT —Advertisement.

Per Cent of Aesetn each item to Dec. 31, 1934 Total Assets Cash on Hand or in 8ank....: :. $36,449,362.46 1.73 United States Government, direct, or fully guaranteed Bonds 208,726,056.38 9.89 State, County, Municipal Bonds 191,270,360.25 9.07 Public Utility Bonds 159,151,938.01 7.54 Industrial and Other Bonds ... 21,670,306.29 1.03 Railroad Bonds 34i,910,539.57 16.21 Canadian Bonds ... 44,445,022.61 2.11 Foreign Bonds 2,067,183.26 .10 Preferred and Guaranteed Stocks 69,610,789.00 3.30 Real Estate (.Including Home Office).. 97,212,901.52 4.61 First Mortgages, City Properties. 459,805,821.86 21.80 First Mortgages, Farms __i_; 12,527,521.11 J 59 Policy Loans 396,467,101.27 18.79 Interest & Rents Due & Accrued.. 31,877,282.34 1.51 OthcrAssets 36,312,838.44 1.72 TOTAL ASSETS $2,109,505,224.37 100% The liabilities of the Company, which include reserves to meet all contractual obligations, were $1,994,134,579. Included in liabilities, the Company has set up a Special Investment Reserve of $28,000,000 not required by law, and reserves of $45,734,207 for dividends payable to policy-holders in 1935. Surplus funds reserved for general contingencies on December 31, 1934, amounted to $115,370,645. Total insurance in force, represented by 2,649,953 policies, was $6,661,514,072. The total new paid for insurance in 1934 was $440,000,000. In addition, men and women paid $45,000,000 to the Company for annuities to provide a guaranteed life income. April 12, 1935, marks the Ninetieth Anniversary of the New York Life. In view of its financial strength and its long record of fidelity in the fulfillment of its obligations, this mutual company continues to merit the confidence and patronage of its policy-holders and the public. Q President

THE INDIANAPOLIS TIMES

now are being centered on a further ease in credit conditions through the banks. It is hoped business will borrow and spend money and thus increase business turnover and prices. Another major price stimulant being pursued is the government's huge spending program. Other steps recently taken with varying degrees of success include the NRA. the AAA and various Federal lending and financing activities. Business and banking leaders have opposed further dollar devaluation as futile in boosting price levels. Despite many pleas for definite Administration pronouncement government officials feel any further revelations of future monetary policy would aid speculators and might promote violent swings in price levels. Commodity prices, according to the Bureau of Labor statistics, now average 79 per cent of the 1926 average, desired by the President, compared with 60.2 per cent when President Roosevelt took office. U. S. PROBES THREAT LETTER SENT RASKOB SMk Crank as Author of Note to Democratic Ex-Chairman. Hy United I’rcsg LOS ANGELES, March 7.—Federal agents today investigated a threatening letter sent to John J. Raskob, former chairman of the Democratic National Committee. Contents 6f the letter, postmarked from Los Angeles, were not disclosed, but Peirson Hall, United States district attorney, said it was turned over to him for investigation. Mr. Hall admitted one suspect, believed mentally deranged, was being sought as the author of the Raskob and other threatening letters. Why You Should Never Gut a Corn If you are troubled with corns or callouses, do not run the risk of blood poison bv paring them. Statistics show that, many infections have occurred from this seemingly innocent practice of paring corns. Simply go to your druggist and get a few cents worth of Ice-Mint, rub a little on any painful corn or callous. Immediately the pain will disappear and in a short time the corn or callous will loosen and lift off easily with the fingers—root and all —leaving the surrounding skin in a healthy normal condition. This, together with the fact that IceMint overcomes such affections as sore, tired, aching, puffed or burning feet and makes them cool, easy and comfortable, is probably responsible for the hearty endorsement given it By druggists. To rid one's feet of every hard corn, soft corn, corn between the toes or painful callouses in such a pleasant and safe way, makes it seem the height of folly for any one to pare a corn and people are warned to stop it.—Adv.

M'KINLEY CLUB URGES REVOLT AGAINSTCOFFIN Veteran G. 0. P. Organization Demands New Leaders for County. The Republican revolt against George V. (Cap) Coffin, Marion County Republican leader, was brought into the open last night when the McKinley Club, one of the oldest Republican organizations in the city, adopted a resolution asking for reorganization of the county committee. The resolution asks that offices of the county committee be declared vacant and that "suitable leadership’ be selected for the organization. Club officials said that, because of the four defeats suffered by the Republican party in the county.

A) J 7 But Even If the Moon Isn't Out — PEOPLES’ MOONLIGHT SALE IS ON FRIDAY NIGHT 7:00 to 9:00 tF lIE E Moonlight Silhouette Specials (No Phone Orders Accepted on These) Flash... BELIEVE IT OR NOT, To All Parents strange as it may seem, HERE’S THE ANSWER TO Have made arrangements to secure services of THE HOUSEWIFE’S DREAM. Budd-Jack, famed silhouette artist, for FRIDAY NlGHT—giving opportunity for mothers (unable to get downtown in daytime) to get beautiful free WALNUT silhouettes of children under 7 years of age. W , 9% k A -ij-piece dcDKUuM This is in keeping with Peoples - policy of making EVERY FRIDAY NIGHT family night at our store. jjk . Meet Your 'jSpbt **4| Friends Here J SI.OO Down 9 + COME AND SEE IT ! ! ! T ANARUS, , r COME AND GET IT!!! tor the Men SPRING We’re Throwing Out Our Chest IS HERE About This B FLOWERS R ARE Chest of SNOWDROPS LEFT IN THE ATMOSPHERE^— BUT SPRING A Week Gets You If K'S C. 50 I • That New Suit! * bedroom outfit. SI.OO Down Peoples Outfitting Cos. FREE DELIVERY | -Washington at Capitol- No Interest Anytime— “The New Business Center of Indianapolis ” No Anywhere — ——- . In the men s SUITS and OVERCOATS Entire State SIMO Weekly SI.OO Weekly %-narge

new leadership was needed to Instill new fife in the organization. The McKinley Club has its headquarters at 2217 E. Michigan-st. G. K. Johnson is president. PERSONNEL CHANGES MADE AT CITY HALL Miss Marguerite Gordon Becomes Works Board Clerk. Miss Marguerite Gordon. 508 E j 23d-st, assumed her new position today as clerk in the Works Board office. Her appointment to succeed Mrs. Frata McCabe, recently appointed deputy city clerk, was announced at the board's meeting yes- | terday. Miss Gordon has been a stenographer in the office of the City Plan Commission the last six years. Her former postion will be filled by Miss : Lena Cohen, 639 Union-st. The board also announced the appointment of Mrs. Lucile Petithory, 3253 Broadway, as junior stenographer in the city engineer's office. She formerly was stenographer in the Street Commissioner’s office where she will be succeeded by Miss 1 Nora Amt, 2720 Napoleon-st.

LOCAL LAWYERS HEARI. U. DEAN Greater Measure of Social Control Over Business Is Predicted. If the United States Supreme Court should do far taxation and rates and franchises of public utilities what it has done for eminent domain and police power in general, more social control of business and industry undoubtedly would follow. Prof. Hugh J. Willis, Indiana University law school dean, declared last night at an Indianapolis Bar Association dinner at the Columbia Club. "The indications are that corporations will be subjected to much greater social control in the future than they ever have been in the past." Prof. Willis said. He predicted that the Supreme Court will uphold all New Deal legislation. The NRA and the Agricultural Adjustment Administration

.MARCH 7, 1935

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