Indianapolis Times, Indianapolis, Marion County, 23 February 1940 — Page 30

PAGE %

Believe It or Not (Apologies to Ripley)

593 28

Pays Principal, Taxes, Interest and Insurance on a

Home of

Your Own Plus a Half Acre of

Rich Garden Land in Post Way Manor!

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Of unusual design is the H-shaped home of Mr. and Mrs. Roy Mangano at 6108 N. Delaware St. Colonial in style, finished in brick veneer, it has five rooms and a bath. It was built under the Foster “Three-Way Building Plan” ‘conceived by Robert Foster, president of the R. S. Foster Lumber Co., 1700 Kentucky Ave. It carries a Federal Housing - Administration insured mortgage. The house faces east. In the south wing are two bedrooms and a bath, while the dining room and kitchen are in the north wing. “A particularly beautiful sight is the living room as you step through the doorway,” Mr. Foster said. “The

‘one at the front.

living room occupies the center section. It has two windows in the front and window and French doors on one side and a window on the other side of the fireplace.” The fireplace has a Colonial mantel. | The French doors open onto a fllag-stone terrace similar tp the There also is a porch over the two-car garage built into the basement. The garage has overhead doors. This construction was possible since the house snuggles into a hillside. The doorway is faced with Indiana ‘limestone and the same stone is dotted throughout the brick to lighten the finish. It is roofed in asphalt shingles. The living room windows are un-

a . Times Photo. usually large. All windows are hung with venetian blinds. Woodwork is pine finished in ivory enamel. The kitchen and bathroom walls also are enameled and the bath has structural glass wainscoting. Fixtures are chromium. The kitchen has built-in cabinets and a leather upholstered breakfast nook. In addition to the garage there is a fuel room and laundry room in the basement. Other space is available for a social room.. The heating plant is pil burning. Under the Foster “Three-Way Building Plan” Mr. Foster and his associates arranged and supervised the designing, building and financing of the home.

HOW TO GET THERE:

East on Washington to Post Road, then north to 21st St.—or east on 16th St, to Post Road., north io 21st St.

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GOL. J. G. EMERY

T0 BE SPEAKER

Real Estate Board to Hear Talk on Appraising at Meeting Thursday.

Col. John G. Emery will speak on appraising at the regular noon meeting of the Indianapolis Real Estate Board jn the Hotel Washington Thursday. Col. Emery is a member of the American Institute of Real Estate Appraisers. and is a former national commander of the American Legion. Arrangements for the Colonel's talk were made by Urban K. Wilde, the Board's executive. secretary, when he went to Grand Rapids, Mich., last week fo attend the real estate course sponsored by the Real Estate Board there. George T. Whelden, past president of the local Board, spoke . before students enrolled in the course.

INORTH SIDE SALES

TOTAL IS $51,160

Sales totaling $51,160 were reported by the North Side Real Estate Board this week. This brought

the total for the year to $448,035. John W. Robbins, board presi-

\| dent, reported that American Es-

tates Co., Inc., had sold houses at: 5862 N. Delaware St., 5863 N. Delaware St. and 105 N. Riley Ave. Ernest E. Woods Co. and Fieber & Reilly sold a house at 3029 Park Ave. Bridges & Graves Co. sold a home at 4041 Baltimore Ave. "Two lots were sold by Harry L. Robbins Realty Co., Inc. Building sales were reported by M. E. Gerdenich at 1705 Medford Ave. and at 62d St. and Norwalde Ave. Jack C. Carr reported the sale of a 120-acre farm on W. 56th St.

OPEN LOGANSPORT HOSPITAL CENTER

“LOGANSPORT, Ind. Feb. 23.— The new $40,000 surgical and medical center at fhe Logansport State Hospital . had its. formal opening yesterday and more than 500 persons attended. The three-story brick unit containing 308 rooms is one of four buildings being added to the hospital. The other three buildings, to cost a total of $225,000, will be com-

BOARD SECRETARIES TO MEET IN CHICAGO

A round-table educational conference for real estate board secretaries will be held in Chicago May 21-24. Edward A. Hyde of the Security

“Trust Co., newly elected secretary

of | the Indianapolis Real Estate

| Board, may attend. chairman of the].

~ Jack Roache, Secretaries Council, will preside at the sessions, which will be devoted to “shop talk” on means of improving and extending the services of real estate boards, both to ‘their own members and to their communities.

FORMAL OPENING T0 BE MONDAY

Central Indiana Drug Corp. Moves to New Quarters On S. Meridian St.

The newly reorganized Central Drug Corp. will hold its formal“ opening Monday in new quarters at 227 & Meridian St. The five-year-old firm, which became a corporation on Jan. 1 after its. sale by H. J. Stedfeld, tomorrow will move from 46 W. 24th St. The move is being made so that

the company may increase its lines, |

according to Lewis A. Warrenfeit, president. © It wholesales drugs, sundries, toys, notions ‘and novelties

to drug and department storesj

throughout Indiana. ‘By the middle of the summer the force will be doubled, Mr. Warrenfelt said. The firm will occupy the first and

second floors of the four-story |

building at the new location. Redecorating was being completed to-, day. The first floor wil be used for offices and display spaee for drugs, sundries, novelties and notions. On the second floor will be the toy display and warehouse. In all, it will occupy about 12,000 square feet. The company’s lease was nhegotiated by W. A. Brennan, Inc., representing the lessee and the Spann Co., representing the lessor, Other officers of the new corporation are Karl Kuebler and Albert J. Pfeiffer, vice presidents, and Ernst Graf, secretary-treasurer. Mr. Kuebler was manager for 15 years of the toy department of Kipp Bros., while Mr. Graf was Mr, Kipp’s assistant for 12 years. Mr, Pfeiffer is former sales manager for the Van Camp Hardware & Iron Co. Mr. Warrenfelt is owner of the Old-Time Stick Candy Co. and two

pleted and ready for use by May 12. | novelty firms.

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SPRING UPTURN EXPECTED HERE

1940 Most Hopeful in More Than Decade, Robert Allison Asserts.

‘Indianapolis realtors this spring may have one of the largest sales volumes in several years, Robert Allison predicted today. | ‘Mr. Allison is president of the Allison Realty Co., 140 N. Delaware St., and past president of the Indiana Real Estate Association. “On the basis of the first 50 days of this year, our firm is expecting 1940 to be one of the most hopeful years in a decade,” he said. Building plans for new groups of homes in both the North and East sections of the city are nearing completion, he said. Construction of four small frame bungalows in Brightwood is to begin within 30 to 40 days, he said. The Allison firm will act as sales agent for the Development Finance Corp., the builders. The homes will be of American (olonial design featuring many built-in closet and cupboard spaces. Two of the five rooms will be bedrooms. They will sell for approximately $3500, will be one-story and will have a basement. Mr. Allison said they should be completed by early summer. Last year the Allison organization, acting as sales agent for the Development Finance Corp., sold 28 similar dwellings. The Allison company’s total sales volume increased over 1938 by about 10 per cent when it sold 301 houses with a value of $1,227,000. In 1938 the firm sold 265 homes.

{Ind,,

City Rentals, Inc., of l'which Mr. ‘ Allison is president and William H. Keller - secretary-treasurer, received an increased revenue from all types of property management during 1939, Mr. Allison said, and it is ex-

pected that the gain will continue

through 1940.

RULING DUE TODAY

ON ROMIG JEWELRY

Disposition of jewelry owned by Mrs. Carrie Lelah Romig, who was slain here Jan. 17, 1939, is to be decided at a hearing before Probate Court Judge Smiley N. Chambers today. Several suits seeking possession of the jewelry have been filed by Mrs. Romig’s sister, Mrs. Alma D. Wernert, and her niece, Jane E. Nelson Muhleman. Defendants are Police Chief Michael F. Morrissey, the police chiefs of Muncie and Anderson, an Anderson jewelry firm and the Railway Express Agency. Chief Morrissey has possession of

lithe jewelry. William Ray Butsch,

held for the murder of Mrs. Romig, was adjudged insane before his trial. The chief has explained that if Butsch' subsequently should be declared sane, he would have to be tried and the jewelry would be needed as evidence in| the case.

RIGHTEOUSNESS IS TOPIC FOR SERMON

The Rev. Prentice A! Pugh, D. D,, preaching at the noon Lenten service. at Christ Church, today said that “the only thing that will satisfy. hunger and thirst is - “Righteousness.” “If you are hungry,” he said, “if you have an appetite, you are healthy, but it must continue. Not hunger for knowledge, or power, or social justice, but for righteousness.

1 We must go back to the Master un-

filled again and again, and the reward is the search, the journey is everyihing. "

FACTORY PRODUCTION IN HENRY COUNTY UP

NEW CASTLE, Ind., Feb. 23.— The value of goods manufactured in Henry County rose more than $4,000,000 in the two-year period between 1935 and 1937, the U. S. Commerce Department has announced. The county's products manufactured in 1937 were listed as $22,900,349 in 1937, as compared to $18,574,029 two years earlier.

MORE INTEREST IS REPORTED IN 40 HOME SHOW

Many New Products to Be Shown, Cantwell Declares.

Home planning this year will be of interest to more Indianapolis persons than in any previous years. That is the indication of information coming into the Indianapolis Home Show office, ‘according to J.

ager.

to cost $30,000, will be held April 12 to 21 in the Manufacturers’ Building at the Fair Grounds. This is $3000 more than last year’s show cost.

New Produets on Display

Exhibitors are planning to show Mrs. Indianapolis time-savers, stepsavers and home beautifiers in displays which will be seen for the first time, Mr. Cantwell said. The number of new products to be shown far exceeds those presented last year. “Special emphasis is being paid to educational and constructive exhibits which will serve to give interested families all the information they possibly can desire regarding every phase of home designing, modernization and furnishing,” Mr. Cantwell said. “The chief educational exhibit will be the elaborate display of gardens now being planned by the garden

common species grown in Indiana will be shown, : ;

Features Three Houses

“In home-planning, Indianapolitans have always looked to the Home Show as an institute where they can get the. information they desire. I believe that the Home Show may take its share of credit for the ranking Indianapolis has as fifth in the nation in the number of residential building permits issued last year.” For the first time in its history, the Home Show will feature more than one completed house. The three houses are to cover the demands of the greatest number of persons. The lodge on the river, lake or farm to be built at a cost of $3009, the home for young .couples to cost $4500, and a town home to cost $8500. Indications are that the attendance will exceed last year’s 90,000 persons.

Pamphlets Distributed

Pamphlets describing the Home Show and containing pictures of the last 18 shows have been mailed to members of the national organizations of the building industry, including manufacturers, distributors and retailers. Mrs. Harold Hayes is‘chairman of the garden club committee. She is being assisted by Mrs. Robert Miles. Mrs. W. R. Sanders is chairman of the advisory board, whose members act as consultants for the participating clubs. Merritt Harrison, local architect, is general chairman of the Home Show Board. Other members of the executive committee are: Charles Wagner, first vice president; A. H. Merriam Craves, second vice president; James Lowry, third vice president; Mrs. Hayes, fourth vice president; C. C. Weiland, treasurer and Dan C. Hess, secretary. :

INVENTOR HAS PLAN T0 END SMOKE EVIL

James Ballard Killian, 84-year-old inventor and retired farmer of Washington, Ind., went to the City Hall today with plans for an inven-

tion which, he said, automatically would rid the city of smoke. The invention is a fan device which would be attached to large heating units, would separate the heavier from lighter gases in smoke and pipe the heavier gases, together with soot and ashes, into the sewers. The lighter gases would be sent through a 100-foot smokepipe into the higher atmosphere where they would be promptly dissipated, Mr. Killian explained. The aged inventor described details of the plan to Combustion Engineer J. Webster Clinehens. Mr. Clinehens said he would study the plans, but expressed doubts as to whether the device was workable, Mr. Killian said he heard about Indianapolis’ smoke problem: from many of his acquaintances here and made a trip here specifically to interest the City or the Chamber of Commerce in the device. He is visiting his son, Wylie Killian, 64 N. Brookviile Ave.

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BINFORD ER Reg

This eight-room stone veneer Old English home at 5851 Central Ave., will be open for inspection for the first time Sunday from 2 p. m. to 5 p.m. : Built to sell for $13,000, it neared completion today. Hall-Hottel Co., Inc, 129 E. ‘Market 8t., is the sales agent. The home. is particularly attractive because it is set back 80 feet from the sidewalk on the 55 by 268 foot lot. Trees line the south driveway to the two-car garage which is 20 feet square and has overhead rolling doors. It is not necessary to back in our out of the garage because of a turntable. All windows have storm sashes and full-length screens and venetian blinds. The house is completely insulated and has asphalt-composition roofing. A forced-air oil burning furnace circulates air throughout. On the first floor are a living room, ‘dining room, bedroom, bath and kitchen. Both the bath down-

| stairs and the one. on the second

Times Photo. floor haye tile floors and glass walls. The Arsf oor bath has a glass inclosed shower room. All fixtures are chromium. Kitchen and bath ceilings are painted while the other ceilings and walls are papered. The bath upstairs is set between two bedrooms. The baths have tube lights and indirect lighting is used in other rooms. Electric outlets are plentiful. The living room has a fireplace. Back of the living room is a bedroom which adjoins the bath. The kitchen also has a door leading to the rear hallway to the bath.

Built-in cabinets occupy the whole ||

south side of the kitchen. Equipment there, window frames and doors throughout are painted in bone-finish enamel.

In the basement is a secretion]

room, a furnace room, a fruit: and preserves closet, and laundry room. Clothes chutes from the first and second floor lead into the laundry room which is cquipped with laundry trays. :

Holds Building

Any great increase in new residential construction depends upon disposition of .a vast number of existing homes now on the market,

according to Dr. William H. Husband, member of the Federal Home Loan Bank Board. “It has often been claimed that new home construction will spur the sale of old homes,” Dr. Husband said. “It would be more logical and less wishful-thinking to reverse that statement.” “Used houses bear much the same relation to the housing industry that used cars do to the auto industry. Unless used houses can be assimilated and transferred to- a sound ownership basis, new construction necessarily is retarded. ; “The four billion dollars worth of real estate now. ‘over-hanging’ the market is the principal business on hand at: present.” Although one and one-half billion dollars worth of residences were built last year, Dr. Husband pointed out that new building represented considerably less than half the housing transactions during the year. “For every new home built, it can

ing houses were financed,” said Dr. Husband. “Total home morigage recordings in 1939 aggregated about $3,800,000,000. Substitute sales prices for mortgage recordings and we find the volume of housing transactions probably amounted to four and one-half billion dollars. Obviously, .the major housing business during the year related to existing units. “This means that the sales volume of used homes has not been sufficient to absorb the ‘over-hang’ and provide the sound foundation on ote new construction should res : “The sale of existing structures which now abound in many American cities is a vital step in clearing the market for any considerable volume of new building.” Dr. Husband said the real solution to the “over-hang” is to place existing properties on a sound ownership basis. This may be done, he

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