Indianapolis Times, Indianapolis, Marion County, 1 August 1941 — Page 10

PAGE 10

North Side Realtors Sell 1 Houses, 6 Lotsand 145 Acres

The North Side Realtors this week] Three lots were sold by F. C. Cash, reported the sale of 11 houses, six|one in North Butler Terrace, one lots and an 145-zcre tract. in Meridian-Kessler Terrace and House sales were 5501 College Ave. {one in the 4900 block of N. Tilinois | and 1902 Milburn St. Ford Woods St. Two lots were sold by Pord | & Co.: 5168 N. Illinois St. Fieber & | Woods & Co. in West Haven, and | Reilly; 4200 E. 35th St. Maten G.| Atkinson & ‘Co. and the American | Gerdenich: 525 E. 54th St. Bert L {Estates Co.. sold a lot in Sherwood | ards: 525 3 2 | Village 23s Cruising (ave. We i Ong The 145 acres on W. 65th St. were

Blvd, Atkinson & C5. and ‘the

terion phtate: 50 BBY Gof | TENANT DEPOSITS GO INTO DEFENSE BONDS

3225-2% N. Meridian St. and 3663 Nan Blvd., American Estate °| Security deposits ‘covering two | weeks’ rent placed with ‘tie New

| York Housing Authority by 16 783 [tenant families have been invested |

Iby the Authority in new United States Defense Savings Bonds. Lawn, Factory Fence State-Wide BR

Tenants have been notified that -5441.

the local authority took this action FORD FENCE CQ.

“with the two-fold purpose of aid- | |e United States defense and of | obtaining interest for the tenants.” Servi NIE PRY Carian Tf tenants move they get back their| deposits plus any interest earned, ljess any amount due the authority.

| i | |

RAILROADMEN'S

REMODELING DEMONSTRATION

~ 2109 N. CAPITOL AVE.

\NOW OPEN FOR |[ INSPECTION

Saturday | to 5 P. M. \ Sunday | to5 P.M. ||

See This Old House

Made Over Into An Up-to-Date MODERN HOME

(rc adme i" 4

SRVINGS RSL R

| |

{

| &

x hl

Fe x

| 1. This is one scene in 2V09 N. Capitol Ave. . . . | 3. Exactly the same view as Neo. 1...

after” | Federal Savings and Lioan Association's answer to the housing prob-/ Tem.

house at 2708 N. Capitol Ave, ‘a run-down shell of a once comfortable home.

valle and completely

and Sunday from 1 until 5 p. m. land for several week-ends ee after.

jan appraisal of the property was made. It was found that the main

originally well-built. The late Henry 'S. Rea was the builder and all the floors were found in exceptionally level and strong condition.

[the house could not be replaced today. was of quartered oak and has been refinished to bring out the original {beauty the house once had. stairway also was of superior oak.

ment with built-in cabinets along (one entire wall now

i nent. for the kitchen floor and the Jarge

{the hall the wood rimmed bath tub land marble-topped lavatory of 40 | years ago has been | modern low vitreous china tub and | china lavatory.

{ly adorned the rooms have been re-. placed by electric fixtures and elec-

THE: INDIANAPOLIS TIMES

Rail roadmen 's Adds Many Yeors yi Shelter to Old House ..,

1) Na? before rehabilitation.

after the decorators were through.

3. The rehabilitated home . . . ready for many yours of modern Hving.

Modernizing Rundown Home Answer to Housing Problem

Here is the story of “before and which it the Railroadmen’s

tric outlets have been generously installed in all the rooms All rooms have been repapered in | modern design with the exception of [the kitchen, bath and breakfast nook which ate painted.

ago the In the basement antiquated boil- | ers of a hot water system have been | replaced with a hot.air, coal-fired, | air-conditioned heating unit that | {has cold air returns from each room | as pel as hot air quets. | e garage ‘which at one time sat | Pd, back of the house and had | | the driveway leading along the side | of the house has been removed. [It mow sits at the end of the lot facing | the alley and the driveway has given away to

large was

Several months

Today the house is modern, light, rehabilitat-

The house will be open tomorrow |

Before modernization was begun > to lawn. This not only |

has added outdoor living space but | avoids driving a car out into con- |

structure was essentially strong snd gested Capitol Ave.

PROJECT NAMED a FOR CHARTER OAK.

Charter Oak Terrace has been selected as the name for the Uni

States Housing Authority dstense housing project in Hartford, Conn, further immortalizing the which was connected with the city’ s | early history. ! In a contest for a name for the | project, which with 1000 homes will be the largest defense housing community in New England, dozens of variations of the name “Charter Oak” were submitted by citizens of | Hartford and surrounding towns. | In 1662 King Charles IT gave Con- | necticut a charter which was then | regarded as a model of liberality. In| 1687, however, Sir Edmund rp the Governor of New England, wen to Hartford with an armed —— to demand return of the charter. | The: colonists produced the charter | {at a meeting with Andros but the,

Many of the materials used in The front door, for instance,

The

As a part of the remodernjzation

one such |

In the kitchen. modern equipreplaces old inks and hot water heating equipInlaid linoleum was chosen |

In the upstairs portion of the

{By the time they were relighted | the charter had vanished. It had been secreted hy one of the colonists: in the hollow. of an oak.

AID FOR CRACKED SHINS

An-ifluminated plate for use over well switches in the home and elsewhere, has a re “cold” ian that uses practiea current, and has no filament to Burn out.

in the bathroom at the end of

by the

Gas lighting fixtures that former-

Photographed From Steck

LLL LLL LEE LLL] d LLL EL LLL

bbdbdddddddbb bd LLLLLLL LD

debbie bedded hdl Li LILLIE oF

SELL LLLILI PRR PII) ¥

-343 ’

SALE OF WARDROBES

WITH MIRRORED

OPEN SATURDAY UNTIL 8 P. M.

Where Better Furniture Is Sold our oF THE HIGH RENT DISTRICT FREE ig

W. WASHINGTON ST.

DOORS ‘WALNUT FINISH

While They. Last

SPECIAL PURCHASE!

We were able to obtain enly a limited number of these extra large, wood wardrobes, to sell at the above low price. The wardrobe it 83 inches high, 38 inches wide, 20 inches deep. Large sire mirror in each deer. THIS BEAUTIFUL PIECE OF FURNITURE WILL FLL THE NEED IN EVERY HOME.

Oc A WEEK

No Catrying Charge It Paid in $0 Daye

IONAL)

candies were suddenly blown out. it

HIGH MARK REACHED

IN HOME FINANCING

Times Special

WASHINGTON, D. C., Aug. o

| Home financing by savings and loan |

| associations during May lany month (1830, according to Federal t | Loan Bank Board.

Na RRR es a

new mortgage loans rose cent in 1940 over the comparative |period of a vear ago. amounting to

exceeded | record-making Home

since

Idans amounted to nearly $131, i

000,000 or an increase of $10, 000,000 over the month of April.

The January to May tolals on!

2.1 per |

{more than $166.000.000

Your Tax Bill-

f lary | $203.000,000, | above figures for

Home purchase loans from Januto May were approximately

r 940 (This is the third of several |per cent to the Treasury instead a pe Rd

articles on various features of the | tax bill now before Congress.)

By MARSHALL NeNEIL Times Special Writer

WASHINGTON, Aug. 1.—For the |

|25 per cent as under existing law. | |All the rest of the bracket rates [were increased 10 percentage points. | Altogether, these changes will yield $1,198,300,000 in new revenue The bill also applies the excess-

[first time, the new tax bill imposes Profits tax to corporations that mine

a surtax on corporations. Heretofore the corporation income | has been applied through a ron rate, although there have! been additional imposts such as the | | excess- SepronT tax.

[the income from which has been | exempt from the normal tax, while subject to surtaxes. Thus, while individuals owning such bonds have! {had to pay surtaxes on the bong in- | terest, corporations holding similar (bonds have been exempt.

Bond Earnings Tapped

The new bill imposes on corpora- | [tions a surtax or » per cent on the | [first $25000 or surtax. net income. and 6 per cent on the balance. This) is in addition to the normal ecor-| poration tax, and in addition to the | defense tax imposed on corporations | last year. The new bill makes that | defense tax permanent. The admitted purpose of this corporation surtax is to eateh revenue ese companies have received from | partially bonds. (Incidentally, the Government doesn’t issue any more bonds that are tax-free, or even partially tax-free. But the latest figures show that of the old partially taxexempt bonds outstanding, $30.966.000.000 worth are held by private investors, $15817.000,000 by banks, $6,123000000 by insurance companies, J the balance by other

But while corporations are expected to pay $644.700,000 more in Federal income taxes as a result of this new surtax, they get a little break in the new bill. It changes the basis on which al corporation's. normal tax base is computed, allowing as a deduction from gross income the amount of

pany. Exemption Ended

Treasury and the Ways and Means Committee over thanging the ex-| cess-profits’ tax. The

would come back to the Govern-| ment in taxes. But the committee! stood by the excess-profits tax it,

one of two methods of CHIREVEIRE his tax.

complicated tax, but the most important one increased the rates, so that corporations with $20000 of excess-profits income will pay 35

* WINDOW SHADES

™ The RAILROADMEN'S ROUSE

INDIANA SHADE CO. RAY SPRY Rf VA. AVE.

MA?

RYE

EU UL) I

tax - exempt Government |

e such strategic materials as tung-

sten, quicksilver, manganese, tin, etc. Last year these companies were [exempted because the Government needed these metals so badly. But [the theory of the new bil is that

| the defense tax burden.

NEXT: New Tax On Automobiles.

New Pamphlets

At City Library.

FOR PLANNING, building and maintaining your garden, these new pamphlets available in Central Library are excellent aids: PLANNING AND BUILDING THE GARDEN by Robert S. LLemmon (Ladies Home Philadelphia, Pa.).

made out of a wooden tub; fences, and other necessary trimming.

BOOK Inc,

(Fawcett Greenwich, Conn).

Publications,

gardening and landscaping. Besides this, for making such useful accessories as a garden wheelbarrow and a

concrete incinerator.

excess-profits tax paid by the com- |

There was a fight between the |

Administra- | tion cormtended that the basis of the tax should be chariged so that more | money from defense expenditures,

worked out last year, which gives | the taxpayer the right. of choosing |

A few changes were made in this]

Evergreen | il Potted "8

RED SPIDER IS ACTIVE

and attacking Evergreens

Free Inspection on Pruning and dusting. Expert Service. Reasonable.

Make your selection from Indiana’s most modern nursery. More than 50 varieties of evergreens displayed attractively in our sales ground. We invite you to compare our prices,

LANDSCAPING

Is Our Specialty Call Us for Estimates

POTTENGER NURSERY

AER;

Ph WA 6412

INLAID LINOLEUM

Floors and Drainboard in the Kitchen and Bath at Railroadmen’s House furnished by

United Rug & Linoleum Co.

139 W. Wash, LI-3818

Fer the Small Home to. the Large Pawer

Husping-Marriox k Coal Ce.

PHONE: ~1101, DR.3850, WAM

GEO. J. EGENOLF MACHINIST 181, W. South LI-6212

% OF COURSE

RAILROADMEN'S SELECTED

Wallpapers

From Our 1941 Sample Books

“People. Who Know Use

DEVOE PAINTS”

Distributed by

BETHARDS

WALLPAPER & PAINT CO.

415 Mass. Ave. RL 151%

RAILROADMEN'S SELECT WEIR CONDONED AIR

MO-WEST r HEATING.

FURNACE

STALLED BY

& SERVICE CO. RI

LAWN AND GARDEN HAND- | This | handbook offers all kinds of advice |

on problems pertaining to home |

there are directions |

%| Furnished by

EXTRA WALL SOCKETS REDUCE OVERLOADING

Whether spring plans call renovations in the attic or

| for |

home comfort. tional cost, the base of each wall will eliminate ’| the necessity for multi-sided plugs | as well as the dangers inherent in| several extension cords coming from | one over-loaded socket. Bridge lamps, the radio and heater can all

At but slight addi-|

be functioning at the same in ap- |

propriate room areas without the

necessity for continual hurdling of |}!

wires obstructing the floor.

CHAS. W. STOLTE

Piumbing and Hea

888 Mass. Ave Res. CH-7920

1a Contractor

LI1-7920

Investigate Colonial's Various Home Loan Plans Come in Today for

Free Consultation About Your Home

Colonia

Savings & Loan Association

=. ey Mlinois Member FEDERAL SAVINGS & LOAN INSURANCE CORPORATION

FENCE

for

EVERY PURPOSE

Call LI. 8531 for Free Estimating Service on Material Only or Erection Complete Easy Payments if Desired

SEARS ROEBUCK AND CO

WALLPAPERS Selected FOR THE RAILROADMEN’S

House Featured Today

IRE 1: NS PRINT CORPORATION X21 Ff Washington bh:

132 8S. Meridian St. Distributors

FRIDAY, AUG. 1, 1941

HOOSIER —FENCE |

Factory, Lawn, Fara, Estate STATE-WIDE SERVICE Free Estimates—Pasy Terms Call HU-8361—Night, HU-6668

* Mortgage LOANS

PROMPT ACTOIN-—Low Interest

TUR

V.ASSN | 116 N. Delaware St.

% PLUMBING In RAILROAD MEN'S FEATURED HOUSE Installed By ,

B. H. SPENCER

SPECIFY WONDERWALL PAINT

STANDARD ENAMEL & PAINT CORP.

2158 N. Sherman Dr. CH-1411

3 A Superior Quality Home Can Be Built in 3 Weeks The General,” ouilt by General Housing Co, answers every need for a 2-bedroom bungalow. Wide siding. ine terior walls fitted for the decorators’ best work. Spacious rooms, closet: and cabinets. Financed with about $478 or your lot. Rales office with

McKibbin-Elam Company RI-1926 129 E. Market St. Call Us Up Today

about 273 per cent {|| the comparative |

that | §| much-needed game room in the cel- {| ilar, remember the important part | ample wall sockets play in creating}!

an electrical outlet atl

(1 ® Fnin.

Eoargthing for Beautifying Yard and Garden

‘Lawn Seed, Fertilizers, Pruning Shears & Saws, Garden Tools, Fencing, Lawn Rollers, Trellis

VONNEGUT'S|

@ 120 E. Washington, MA.2321, ® 38th and llineis Ste, TA-3321. ® 42nd and College, HU-1397. ® Broad Ripple, 802 E. 63d. BR-M61, @ Irvington, 3609 E. Wash, TR.2321 | @ Fast 10th at LaSalle, CH-2321. Sq., 1118 Prospect, MA-39i6. | @ 2125 W. Wash, St, MA-2221.

PLANT NOW

FOR THE BEST RESULTS

Permanent and attractive planting is the result of using the “Right Plant in the Right Place.”

TREES, SHRUBS AND EVERGREENS CAN BE PLANTED NOW

We will gladly, send a man to help you plan your landscape work. No obligation.

Buy vour plants from a responsible grower who values your continued patronage.

FN 8S (SJ

NURSERY CO bd FREE PNONE « Indianapolis Service

Dial CO unty 2361. 824 Street and Lafayette Rd. (U. S. Rd. 52)

mm Pe 7 Days a Week nd

* ELECTRICAL FIXTURES

In RAILROADMEN'S Featured Houseeor

Better Light for Better Sight

For Commercial or Home Lighting at Lower Cost, Inquire at

Peerless Eleetrie Supply Co.

Mazda G-E Lamps RI. 2361

* CONCRETE

Don’t Forget to Order the Best CENTRAL PLANT MIXED

Guarantees Uniform Workability and Strength

Ready Mixed Concrete Gorp :

000D LUMBER—FINE MIL

LWORK §

In the Foctured House’

RAILROADMEN'S

FURNISHED BY

BURNET-BINFORD LUMBER GO.

1401 W. 30th St.

TA-3315