Indianapolis Times, Indianapolis, Marion County, 30 April 1937 — Page 13

PAGE 13 HINES TAREE

Hangin. pps

FRIDAY, APRIL 30, 1097

‘COMPROMISE BY UTILITIES WITH

Tue INDIANAPOLIS TIMES * |oALA WEEK AT 253 Si PURDUE DRAWS

WPA administrator; F. M, Logan, acting State PWA director, and Ear] Peters, state director of the Federal Housing Administration. Following the program, the group will join in the annual class parade that is to proceed to the Ross-Ade Stadium for the annual Freshman-

Swezey, president of the Purdue Alumni Association, Inc, representing the alumni, and Noble E. Kizer, athletic director. Dr. Kizer is to introduce members of the faculty athletic committee. | Among other speakers are to be President E. C. Elliott, representing

the alumni fieldhouse committee. He is to be master of ceremonies.

Mr. Downs is to introduce A. E. Kemmer, Walter Scholer, David E. Ross, president of the board of

U.S. IS URGED

Compliance With : Law in Return for Yardstick Modification Is Suggested.

4 By RUTH FINNEY Times Special Writer WASHINGTON, April 30.—Compliance by utility companies with the Holding Company Act, including the “death sentence,” in return for drastic modification of the Government’s present policy of yardstick and birch-rod regulation, is proposed in the leading article of the current Public Utilities Fortnightly. The article is by G. W. Lineweaver, former secretary of the Federal Power Commission. The editors of the magazine commend to their regders’ attention the idea of a “truce” between Government and utilities and concede that liberals were right some years ago when they urged power companies to do away with “militaristic propaganda.” Mr. Lineweaver proposes five con-

~ cessions that might be made by utility companies in return for 10 from

, 0

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the Government. In making his case for a truce, he suggests that “the somewhat belated reliance of utilities on regulation by the states as an argument against Federal interference has become an ever weakening reed on which to lean for support or pro-

C tection from the far-reaching hand

of the central Government at Washington.” Cites Pennsylvania

« He points to Pennsylvania's reor-

of “rumblings” in Delaware, adds that many of the 40 Legislatures in session this year j“are showing an inclination to make it easy for mu-

- nicipalities, public districts, and co-

operative or nonprofit organizations to go inta the electric power business.” He suggests— That utility holding companies

recognize that “the holding .com-{|

pany setup is not the only kind of corporation that may be devised for the management and operation of vast utility operations.” That holding companies register with the Securities and Exchange Commission and then endeavor to agree with that body on amendments to the act.

Urges Plan Be Made

That utilities, together with the SEC and Federal Power Commission, work out a plan for a “logical rearrangement and transfer of the

_ physical properties from one exist-

ing system to another in order to develop integrated systems.” (This is what the “death sentence” provides.) > That surviving holding companies become investment trusts, and that these trusts be under Federal supervision. In the list of possible concessions by the Government, he suggests— That several experienced utility

: men be appointed to the SEC and

the Power Commission, or as an alternative that an advisory committee of utility executives be named to serve during the reorganization period. That the Government waive the capital-gains tax on the transfers

necessary in dismemberment of holding-company systems. { That no further Government

T1- ‘ganized utility commission, speaks! loans for electric plants be made

where it can be shown that existing service is adequate and the rates fair. That no more competing Government transmisssion lines be built without an opportunity for utilities to sell their lines at a fair price. That Federal power projects be regulated on the same basis as privately owned utilities. That before Federal power facilities are installed in any water project they shall be subjected to the same scrutiny regarding economic feasibility as are utilities applying for license from the Power Commission. That private companies he allowed to buy power at Federal projects on equal terms with cther agencies. That the possibilities of a grid

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. Bette Lue Kelton (left) and Camilla Keogh are Junior Catholic Daughters of America operetta, e,” sented tomorrow night in the Cathedral High School Auditorium.

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MANY ALUMNI

Fieldhouse Dedication to Feature Program Tomorrow.

Times Special LAFAYETTE, April 30—Hundreds of alumni are expected to attend the cornerstone ceremonies for the new fieldhouse and men’s gymnasium at 2 p. m. tomorrow. The event is to be one of the features of the annual Gala Week program. L. A. Downs, 1894 Purdue grad-

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national power policy.”

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Wage Earners Of This City

RICES on men's clothing are going up! Up! And UP! I just hate to think what they'll be by next fall! This is a serious situation when you consider the average wage earner. Because his dollars are counted and he's got to count on his weekly pay envelope to buy the necessities of life for his family and himself. Every man in America needs a new suit at one time or another. Mr. Wage Earner will gladly pay the price if he's got the money to pay for it. But when prices go out of line with his pay

S ~~ Message To All

envelope... he hesitates to buy that new suit of clothes.

Yes, my friends, something should be done about it, and I'm taking a step forward in favor of the wage earner. Instead of increasing my prices, I'm going to decrease them! I'm cutting the price of every man’s suit on my racks! I'm going to give you a discount of 10% on every man’s garment now in my store, because I know that's the best way to help you along now, when prices on everything are skyrocketing. Yes, sir, I'm going to allow you 10% on every suit in my store, even though every one is worth from $3.00 to $5.00 more than it is marked right now. I have thousands of garments hanging in my New York headquarters which are

I WILL GIVE A 1,000.00 REWARD

TO ANYONE WHO CAN PROVE THAT 1 HAVE MARKED UP A SINGLE ONE OF MY GARMENTS -BEFORE ALLOWING A DISCOUNT

Hered What You Save: *22.50 SUITS 10% Off $20.25

$21.50 SUITS 10% Off $24.75

*32.50 SUITS 10% Off $29.25 *36.50 SUITS 10% Off $32.85

SIGNED

exact duplicates of the suits in my store, and I will be compelled to charge more for them, because I had to pay more. So, you see, it is fo your advantage to buy your suit NOW, because I will be unable to offer any such value in the future!

Uhiortunately, there are some firme unsetupulons enough to mark up their prices and then allow a discount, thus deliberately misleading their customers! But I will give ONE THOUSAND DOLLARS REWARD to any one who can prove that I have marked up a single one of my garments before allowing the discount. Because it is my sincere desire to see that the wage earners of America get a fair and square deal.

Of Course, the anal Liberal Credit terma will Prevail in addition lo tis price reduction,

’

Julian Goldman Union S

118-122 NORTH PENNSYLVANIA ST.

Opposite Keith's Theatre

RI-330% ‘a

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