Indianapolis Times, Indianapolis, Marion County, 28 March 1944 — Page 6
‘ - forth in the law,” he said.
rr
AS] es
Pane
NPR td
Gardner Says It Is
Es Et
. tion is intended to provide a
. $250 during what is called his base]
Not a Charity Program, Citing Cases,
Where War Workers Were Denied
Unemployment
Declaring that Indiana's job insurance law “is not now | and never has been administered as a charity program,
Compensation,
Everett L. Gardner, employment security division director,
i explained yesterday who can
and who can't draw state un-
employment insurance benefits.
“Unemployment compensa-
measure of ‘stop-gap’ income for. persons unemployed ‘through no fault of their own, but each person claiming benefits must meet the eligibility requirements set
“Otherwise, no benefits.” To receive unemployment insurance, a claimant must have passed these qualifying tests, the director said: “First, he or she must be avail-| able for work. If he refuses to accept an offer of suitable work, he; is denied benefits. “Second, he must have a certain amount of earnings in insured employment, Minimum earnings are
period year, with $150 of the $250 in the last half of his base year. In general if the employer has) eight or more on the payroll, his) employees accumulate job insur ance credits. “Third, he must report every week to the job insurance office, or one of the part-time offices, to show that he actually is available for | work, and to see if the United States employment service has a job for him.
1,400,000 Protected
City naval depot, a distance of about 32 miles, because he said that he had certain chores to perform and that because of the commuting
time to perform his chores.
so limited his availability for work by self-employment that he was denied benefits.” “Those few who criticize the payment of benefits in war time do not realize that certain areas ‘of the state have few job opportunities right now, nor do they realize that some of the claimanfs are older people, who can fill jobs, but whom employers hesitate to hire,” he said. He added that the division itself does not refer individuals to jobs. “The U. 8S. employment. service and employers themselves must refer or offer jobs to benefits claimants,” he said.
AMERICAN UNITED REPORTS '43 GAINS
George A. Bangs, president of American United Life Insurance Co. of Indianapolis, said in the 67th annual financial statement issued today that the company made one of the largest gains in years during 1943. “The net increase of insurance
“Fourth, he must establish a begn-
to Burns City he wouldn't have} | :
“That man,” Gardner said, -“had|
FALL 25 C
Top Declines to $14.10 ~ Here on Receipts of 12,000. Hog prices declined 25 cents at the Indianapolis‘ s today as 12,000 hogs were received and 2000 were heldover unsold from yes-
erday, the office of distribution reported.
weights over 160 pounds. The top was $14.10 for good to choice 200 to 210-pounders. Receipts also included |
2375 cattle, 725 calves and 160 sheep.
GOOD TO CHOICE HOGS (12,000 career
Jl CONSUMER EXPENDITURES. py SILLIONS OF DOLLARS } 64a [ 66 | 54.6 32.6 727 29.3 : SOURCE: U. 5. DIPARTMINT OF' COMMERCE SRMPRIE BY Picks, 8, "2
Douglas Says Financial | Plight of Companies | Overlooked.
* SANTA MONICA, Cal, March 28 (U. P.).—Consolidated net income | of Douglas Aircraft Co. Inc., for | the fiscal year ended Nov. 30, dropped to the lowest- level since] 1939, although production ap- | proached the $1,000,000,000 level for the first time, President Donald W. Douglas revealed today in his an-
(nual report to stockholders. Higher taxes and a much larger provision for contingencies cut net
| | |
efit yeaf by serving a one-week in force during 1943 was $8,279,501, income to $5,952,257, or $9.92 a waiting period, during which no [the largest gain we have enjoyed in share, the smallest since the 1939
benefits are paid. “During the course of last year,” | the division official said, “approximately 1,400,000 persons worked in Jobs protected by unemployment insurance. If any one of them becomes unemployed, he or she would have to meet the eligibility requirements to receive unemployment compensation.” Less than 4500 received benefits last week, he said.
Admits Shortcomings
The eligibility conditions specified | in the law may make it seem hard | to establish rights for unemploy- | ment insurance, Gardner said, “but that is not so. A person actually unemployed and looking for a job has no fault to find with the administration of the act.” The war has brought new problems to administration of the job insurance program which was tailored to fit the needs of a peacetime economy, he admitted. He expressed hopes, however, that most of the problems would “iron out.” He cited as a recent example a situation which developed in Evansville. A number of women war plant workers were laid off. Many of them had children, and said they were unable to take lower paying Jobs in léss-essential industries, because they wouldn't be able to hire
31) now stands at $299,053,307— which* means that 1944 will bring
us well above the $300,000,000 mark,” he said. © “Admitted assets increased $3,946,060 bringing the aggregate amount of this item to $61,625,250. Our holdings of government bonds increased more than $9,000,000, the total being $13,226,937, or approximately 21% of all admitted ‘assets.
dated in a sum exceeding $500,000, thus reducing that item to $5,281 - 735. Real estate owned, other than the home office, decreased nearly $900,000—from $3,020,889 to $2,153,898. “Our surplus and voluntary contingency reserve now totals $4,904,128. Operating expenses, even including ‘taxes, showed a satisfactory reduction. American United, since its organization in 1877, has made total payments to policyholders and to their beneficiaries in the amount of $172,908,483. “In addition, it is very pleasing to be able to say that new business produced by the field force since Jan. 1, 1944, compares favorably with the fine reports for the like period in 1943. This year, through February, volume of applications increased correspondingly. This year,
some one to care for the children. Women Lose Pleas “Obviously,” Gardner said, “those
. Women actually weren't in the labor
market and so they were held unavailable for work and denied benefits.”
He cited another typical case. A| and had |
man lives near Mitchell,
too, average-size policy and persisj tency are even ahead of the 1943 | record.”
{
| DR. BRANDEL SCHEDULED | Dr. I. W. Brandel ‘of the Ohio
on brushes and commutators at the | Electric league's service and maintenance division meeting at 6:45
been working in Bloomington. He |p. m. Thursday at the Lincoln Horefused to take a job at the Burns| tel.
Plain painted walls look onfinished — DECORATE economically with up-to-date WALLPAPER GROUNDED SUNFAST SIDEWALLS
6¢ PER ROLL
WHEN PURCHASED IN PROPORTION WITH BORDER
AB Cc of Hanging and Taking Care of Wallpaper GET YOUR COPY NOW
BORDERS 3:¢.5¢ PER YARD—None Higlier
N. DELAWARE
Loans to policyholders were liqui-|
Fields, commis
NE a
{years, and the total (as of last Dec.|fiscal year, from $9,229,620 or $15.38
{in the preceding year. Douglas warned shareholders that the 1943-net income “may well prove to be inadequate,” because “operational and financial risks tend to be proportionate to the volume of production and not to earnings.”
Costs Unmeasured
The aircraft company, producer of. approximately one-sixth of the nation’s airplanes, retained $15,000,000 after dividends in 1941, and | $6,000,000 after renegotiation and dividends in 1942, but only $3,000,000 after dividends in 1943, the report said. : Asserting ‘that termination and rehabilitation costs “obviously cannot be determined or charged against war earnings” until reconversion is complete, Douglas said that although reserves were provided for disallowances on cost-plus-a-fixed-fee contracts, and for {other contingencies,” there is no {present means of knowing if these {reserves will be adequate. | “If they prove to be insufficient to meet such needs,” he continued,
| 4
| earnings retained from operations {in"1943 will be of small help.”
Wants Legislation
Douglas declared the cost disal{lowances, termination uncertainties {and reconversion prospects are no {less real because they cannot be { measured: accurately now, and Warned that until and unless “con|gressional recognition of the na[tional] importance of these problems
{Carbon Co. Cleveland, will speak is translated into constructive legis-
{lation, management cannot help but | be apprehensive of the future.” In connection with final determi(nation ef contracts, he pointed out |that a loss of about 11; per cent of {the company’s current backlog of some $3,000,000,000 would wipe out Douglas Aircraft’s net worth, Fixedfee contracts, he explained, is not a percentage of cost: but a specifically stated amount. Under this arrangement, Douglas, by increased efficiency, had reduced unit costs to the government by 22 per cent during 1943.
Paid $12 Million
Sales on fixed-price contracts and billings on cost-plus-a-fixed-fee contracts in the latest fiscal year totaled a record $987,687,196 compared with $489,781,985, after renegotiation, in the previous year. Billings on cost-plus-a-fixed-fee contracts accounted for 94 per cent of the company’s t6tal business, ahd output for the U. S. government represented more than 98 per cent of total volume. The report explained that no provision has been made in 1943 accounts for renegotiation since on
the basis of the 1942 settlement no
In Indiana. Displaying Stokely official; E. officer
Stokely Plant W
' The Greenwood plant of Stokely Foods, -war food administration's “A” award last Greenwood and St. Paul were the first food
Difficult Post-War Seen For Big Aircraft Industry whi
Guaranty Trust Expects
Slump to 10 Per Cent of Current Output.
NEW YORK, March 28 (U. P.).— Predicting that the aircraft manufacturing industry's post-war production and employment hardly will
be more than 10 per cent of ‘the probable wartime peak, the Guaranty Trust Co. of New York today
|foresaw for that industry recon-
version problems more difficult to gauge than those of any other major enterprise,
The industry currently is more |Beet than five times greater than the Sa
automobile business in its years of greatest peace-time output, according to the survey. “The phenomenal rate of expansion during the war to a point where the industry is the largest in the history of- this or any other country,” the survey said, “is a reflection of the fact that the industry, despite its present enormous size, had no large established peacetime market.
Little Planning Done “The pressure on production for
{the military market, moveover, has
been so great that little time or attention has been available for post-war planning. “The industry faces a future of which not even the broad outlines are clearly marked, and hencé a reconversion problem that is perhaps more difficult to gauge than that of any major American industry.” . It is difficult to foresee any early prospects of peace-time aircraft production and employment much above 10 per cent of the probable
wartime peak and even that figure, | M
according to the survey would mean a production several times greater than before the war.
Much to Be Scrapped
The greater bulk of the $3,000,000,000 in additional plant facilities built since the war started, the bank
Bol said, will have to be scrapped or
converted to other uses; while the greater majority of aircraft work-
ers will have to find other jobs or i
leave gainful employment. To meet the problems of reconversion in an orderly and constructive way, it was recommended that the aircraft industry be permitted to maintain itself in a strong financial position and particularly to build up adequate amounts of working capital,
“Present methods of renegotia- |:
tion, together with income and excess profits taxes, which are based on pre-war capital structures and earnings,” the survey added, “leave companies little opportunity to accumulate reserves for the period of drastic readjustment that must come at the end of the war. “Tax and renegotiation policies should take this requirement into account.”
Two major sources of possible loss i
to aircraft companies, which seem
to have received slight attention K
from congress or the ‘administration, are dismissal inventory disallowances under cost-plus-fixed-fee contracts, according to the survey.
refund 1s indicated. After renegotiation in 1942, the company paid in settlement $12,000,000. After federal income tax adjustments, this reduced the net income for 1942, and, accordingly, surplus, $2,-
500,000. ins ‘A’
Ek. «
Inc, was presented the night.» Stokely plants at processors to win the award . the pennant are (left to right) W. A. Miskimen, O. Pollock, WFA regional director; Capt. J. A.
at Great Lakes naval training station,
pili i ut
compensation and |M
120- 140 pounds ...... 12.00 140-160 pounds ........ [email protected] 160-180 pounds .. .00 180-200 pounds .. 05 200-220 pounds ... 10 220- 240 pounds ... @14.05 240- 270 pounds .. @ 14.00 270- 300 pounds . @14.00 300-330 pounds ...ceeuve ) = 360 pounds ..... edium— 160- 220 pounds ........i...s 11.50913.50 Packing Sows
Good to Choice—
270- 300 pounds .....ee..s + [email protected] 300- 330 Lavkor sesesassnrees [email protected] 330- 360 pounds ....fece.... [email protected] 360- 400 pounds ...eeveeeq.-. 13.30@ 13.45 Good— 400- 450 pounds ....sessess. [email protected] 450- 500 pounds .....esseq.. [email protected] Medium— 250- 500 pounds ........e00.s 12.50913.25 Slaughter Pigs Medium and Good-— 90- 120 pounds ............. [email protected] (CATTLE 2373) Choice— Steers T700- 900 pounds ............. 15.75@16 900-1100 pounds ....ee000vs.. 15.75@16. 100-1300 pounds ......ceeeees [email protected] 1300-1500 pounds ..i<... [email protected] 700~ 900 POUNAS +.evevonnsess [email protected] 900-1100 pounds ... os [email protected] 1100-1300 pounds .......esee.. [email protected] 1300-1500 pounds s.cceeesesse. 14.75@186. Medium— 700-1100 pounds ...... sasnes, [email protected] 1100-1300 pounds .....e.ovev0s [email protected] Common— 700-1100 pounds ..........%.. 11.00913.00 Heifers Choice— 600- 800 pounds ............. [email protected] 800-1000 pounds re «oo [email protected] 600- 800 pounds ......e..04.. [email protected] 800-1000 POUNdS .seceesseses [email protected] Medium— - 500- 900 pounds ..... eerienes [email protected] Common— 800- 900 pounds ............. [email protected] Bulls (all weights) Good (all weights) .....,.. 11.50913.25 u . Masa ae are a «« [email protected] Medium .................... »[email protected] Cutter and common ........ [email protected]
Cows (all weights) OO. sss vvrnnrr in ra ears Medium ............ : Cutter and common Canner ..........,..
CATTLE (725) Vealers (all weights) Good ot choice
*Ex-aividend, .
U. S. STATEMENT
WASHINGTON, March 28 (U. P).— Government expenses and receipts for the current fiscal year through March 35,
compared with a year : This Year Last Year ,616 $53,660,801,310 L877 49.3
Expenses ...$67,520,348 War Spend. . 62,009,688,87 ,350,770,209 Receipts .... 30,569.208.83 13,858,136,493 Net Deficit .'36,960,0: ,799,201,965 Cash Balance 16,661,037,25" 4,536,477,418 Work. - Bal. . 15,898,237,89¢ 3,773,850 Public Debt- .186,828,303,959 119,713,371,308 Gold Reserve 21,509,707,884 22,505,060,794
INDIANAPOLIS CLEARING HOUSE Clearings Debits
Stresses ant arene
LOCAL PRODUCE
Pd breed hens, 23¢; Leghorn hens,
Bie flers, fryers snd roosters, under & S., 26c. Leghorn springers, ‘ Old roosters. 16e. pring 208 gs—Current receipts, 54 Ibs. and up.
Graded Eggs—Grade A large, 23c; grade A meds, 2c; grade A small, 18¢; no
The quarter decline affected |:
court 7 to 2 decision that iron ore they go underground until they This decision may be further
to whether the same principles can be applied judiciously in coal. mining because :of alleged differences in the conditions and labor history of the latter industry. Othe of the first efforts by labor leaders io extend the application
‘of the supreme court's decision is
forecast in the Lake Superior iron ore- region, in parts of Wisconsin, Michigan and Minnesota. Some operations there are underground, but most are of the open-pit kind. Some
that the time required for a man to travel from the entrance to his actual working place is comparable to the time required for the same purpose in an underground mine. Steel Mills Cited Another possible field for efforts at extension is in the larger steel mills of the Pittsburgh, Youngstown and Chicago areas—and some of them sprawl] for three or four miles. Usually they have several entrances, but as much as 30 minutes is said to be a not unusual period for a man to need between the gate and his working place and return at the end of his shift. The same timeconsuming conditions, which are emphasized ‘under wartime security requirements, exist in the larger automobile plants of Detroit and other motor cities. The supreme court adopted the view that ore miners are legally under the control of their employers during all the period they are in the mines, and therefore should be paid for it. The coal-mine case is part of the extensive proceedings that ran through most of last year, and is not yet finallv settled, between the United Mine Workers and operators of bituminous mines. Crampton Harris of Birmingham, attorney for the coal miners and also for the ore miners (members of different unions), declared today, “The same law, the same principles. equally apply” in the two kinds of mining.
Common to medium .... & Cull “(70 Ibs. up) ............ ; Burke Disagrees Feeder and Stocker Sorts and Calves Former Senator Edward R. Burke, Cholee 2 ALSB15.00 president - of the Southern Coal - - pounds .......... ees. 11 13. y 800-1050 pounds ......evees.. 11.50013.00 ae hi omizlion: SHER is 500- 800 pounds ..e...eee.... [email protected] i ¥ 200-1050 pounds Cll 105081150 Portaltosgurial pay in coal Sines ir 4 asserted there are “convincing dif-00-1000 pounds vesesess. [email protected] ferences, one being that up to a 800- 900 pounds ........).... 8.00@ 9.25 year ago the United Mine Workers Good and Cro! Steer) were on record as favoring the his-500-1000 pounds ............. [email protected] | toric method of computing pay for Medium— I miners 500- 900 pounds ............. [email protected] | C0a1 m e both Good and Grolires (heifers Mr. Harris won detisivne in both an Oe 500 pounds and down ....... [email protected]|® U: S. district and Medium— 500 pounds PS [email protected] Sate AND. LANs (10 N. Y. Stocks Ewes (shorn) . . toc S Good and. choice ........... 7.50@ 8.50 ; Net Common and medium ....... 6.00@ 7.50 High low Jan enagt lays A ar IR Ml wp th Medium and choice [email protected]| 4, 1oco 18 18% 18% .... edium and good .... 11.256 14.50 Am Rad 9% 9% 9 — } Common ...............c.c... [email protected] Am Roll Min [13% J13% 13% - m ! 2 nea LOCAL UE . Am Tob (B ... 62% 62% 6% — 4% ES a BE HE Armour : — Nominal quotations furnished by Indian -— eo el Ger A fe $0 8% TR d Loco ct . 20 193, 19% -— dix Avan ,. 37% 36% 36% — % Beth Steel 50% 59% B50l — % EC ae 30% 30% 30% .... Borg-Warner . 36% 36% 3613 — ¥% Celanese ...... 36% 36% 36a .... Ches & Ohio . 46% 46% 46% . y, | Curtiss-Wr .... 5% 5% 5% va Douglas Aire .. 52 50% S51 1% 7 fF, Be, thoy TY Home T&1 Pt Wavne 7% pfd 51% .....|Gen Electric .. 36% 35% ‘ . ‘IG & Mich Elec 1% pfd.....113 © iig¥| Gen Poods .... 1% 95 Ay ee Ind Assn Te 5% pfd . ....... 102 105 {Gen Motors 57% 57% 414 hn 08, Myito Lise Vie vid... ¥ ily Oa Snr st 1 en Serv LL... ......, . cea ’ - h dpi P&L Bam Li % Tnd Rayon .. 30% 30% 39a To Indnls Railways com 1 Int Harvester . 70'z 70% 704 - % *Indpls Water pfd ........... ... +. | Johns~-Man 90's 90% 902 cans Indpls Water Class A com... 18 19 Kroger G & B. 34% 34% 347s seen Lincoln Loan Vo 5%% pfd... 93 97 -F 443% 441, M2 — 1 Lincoln Nat Life Ins com.... 34 38 w's Lo... 50% 50% 50% +. % *P R Mallory 4%% ptd ...... 26% 27% | Marshall Pid 14% 14% 14% — is P R Mallory com ..........21% 23 |Mont War 512 45% 45% - Ye NI re en vem am al mh I ag ud Td fd } *N Ind Pub Ser; 7% N Y Central 19% 19% 19% Ea Pub Serv of Ind 5% Packard ...... 4s 4% 4% — 4 Pub Serv ot Ind com Pan Am Air .. 31 30% 30% — % Bf Jes Laundry Som Denney i Virunes ma Mu. " - i rn Pp enn RR ..... i. “see *Stokely Bros pr pf Phelps Dodge . 21'3 213% 21% — % United Tel Co 5% . . Procter & G .. 54% 54% 84% — % Union Title com .......c.ee.s Pullman ...... 42 41% 413% — Van Gewp Vi 1d » Republi. st... 1ria 11 1ie =x 0 ‘eu sean , BOSDS Reyn Tob B .. 30's 30 30 -— Algers Wins'w W RR 4%% ...100 ..... Schenley Dist . 52'2 51% . 51% + % 00 American Loan 5s 81......... 97 1 Sears Roebuck 87% 87Ve BTV — % ‘American Loan 5s 46 ......... 9 101 Socony-Vacuum 12% 12% 12% — Y% Oh on Con ty Gers i481... 90 i |South Pac... 30% 301 30% — 4s Com a eg Sods 61... 80 83 Ista Brands ... 30% 30% 30% + # Citizens Ind Tel 42s 61 ...... 03 108 . m J dht h onsol Pin 58 60 ............. 97 100 Std Ofl (Ind) , 33% 33% 33% .... Ind Asso Tel Co 3%s 70 ..... 1087 ny. std oil 3 | 54 53% 53% .... napls P & L 3%s8 70 ......... 107 109 eg Co 48 48 . a8 Ly Indpis {lway Co 5s 67 ..... 7 80 20th Cent-Fox . 247 2% 24 + 4 Indpls Water Co 3'%s 68 ......107% 109 ber .. 467% 4615 46% + % okomo Water Works 5s Jes iu 8 Ruel pH Si si Ta Eubner Packing Co 4s 5¢ ..... 97 = 100 |U 8 Steel-..:.. x V 50....100 103 | Warner Bros 13% 12% 13 + % orris o &' 0 8B ores Ss . i 7 7 ¥ Muncie Water Works 5s 66 ..,105 ..... Westing El _.. bd 7a Mh — Y% N Inu «ub Serv 35 78 ........ 101% 103% [Young 8 & W . 16% 16% 16% .... Ind Tel 4%s 88 ............ 88 91 — Pun Serv of Ind 3%s 73 ...... 104 105% > b Tel a¥o8 88 ©...) cos. unes 100 103 Richmond Water Wks Ss §7 ...108 hi Trac_Term Corp 5s 57 ....... 86 89 U 8 Machine Corp §s 52....... 99 103
ON PARITY NEWS
CHICAGO, March 28 (U. P).— Oats futures turned relatively weak on the Board of Trade today influenced by the government announcement that the ceiling on this grain will be at 100 per cent of parity and effective in about one month. Wheat and barley were mixed and rye firm. At 11 a. m. wheat was off % to up % cent a bushel; oats unchanged to off %; rye up % to ‘4, and barley quoted off % to up %.
CAMPBELL TO SPEAK George Campbell of Lawton, Okla., who gained his sight when he was 18 years old, will address the Indianapolis Chamber of Commerce
meeting Thursday at 6:30 p. m. in
Butter—No,
grade, y v 1 1, . Butterfat—No, 1, 49¢. No. 4, dsc. Se . Be .
C—O
the Columbia club ballroom.
Bonds of the United Its Territories and
Indianapolis Bond
T Municipal and Corporate Securities _—— Real Estate Bonds and Preferred Stocks a3
BUY U. 8. WAR BONDS AND STAMPS ®
States Government, A : Insular Possessions :
—
expected from
dispute, however, as
of the pits are of such huge size.
y; {hardships on him or involved con-
Industrial Safety club at a “dinner |,
of appeals in Alabama, where the
Lists ‘Hidden Perils’ “The length of the rides in the dark, moist, malodorous shafts va-
ingly warm and humid. Odors of human sewage, resulting from a complete absence of sanitary facilities, permeate the atmosphere, Rotting mine timbers add to the befouling of the air. , Many of the passages are level, but others take the form of tunnels and steep grades. Water, muck ~ and stray pieces of ore often make the footing uncertain, Low ceilings must be ducked and Moving ore skips must be avoided. Overhead, a maze of water and air pipe lines, and exposed high-voltage electric cables and wires presents ever-dangerous obstacles, especially to those transAt all times the miners are subject to the hazards of falling rocks.” Mine operators have denied that conditions are generally as bad as those described by Justice Murphy.
Minority Opinion
The minority decision, presented by Justice Owen J. Roberts and Joined in by Chief Justice Harlan F. Stone, declared “the question for decision in this case should not be approached. on the basis of any broad humanitarian prepossessions we may -all entertain, not with a desire to construe legislation so as to accomplish what we deem worthy objects, but in the traditional, and if we have a t of laws, the essential attitude of ascertaining what congress has enacted rather than enacted.” . The fair labor standards act, he said, “was not intended by congress « » « to permit courts to designate as work some activity of an employee, which neither employer nor employee had ever, regarded as work, merely because the court thought that such activity imposed such
ditions so deleterious to his hehlth or welfare thta he ought to be com-
WASHINGTON, March %—Eforts to extend the portal-to-portal [But Economist Expects pay principle to other industries are yesterday's supreme ° miners must be paid from the time r buttressed by a companion finding in similar litigation affecting coal’ miners. ‘There is
what we wish it had}
———
| Drop in Gross Earnings © Next Year.
additional purchasin Parmelee declared.
“More Efciency Sought
“It is hoped the equipment build- ~ ers will produce 1200 locomotives in 1944 and from 50,000 to 60,000 freight cars for domestic use” he said. “Last year 800 locomotives and 29,000 freight cars were turned out. Some new passenger equipment will be built late this year or early in 1945," he said, “the first, withthe exception of some military equipment, since the beginning of the war.” Tie laying should be stepped up, he added, to keep pace with the
8 power,”
he
LIFE UNDERWRITERS WILL HEAR JAQUA
pensated for them.”
Life Insurance
TO MEET
bAng1Ng CONDITIONS
® Mr. W felt that he had made adequate provision for his wife, ‘with $50,000 life insurance, until she remarked: “I am too inexperienced to handle a large sum of monéy alone, because conditions change so rapidly.”
Mr. Wwas disturbed: He did not want his wife to inherit anxiety=or to run risks of loss. Nor did he want a rigid annuity plan which
might tie up funds unduly.
+ A Life Insurance Trust at American
National solved these
problems; and may for
you, too. Life insurance funds, managed
under a flexible trust
plan, can be available
for unusual circumstances that you cannot now foresee—yet they are protected without burdening your beneficiaries.
We invite you to meet with your attorney,
life underwriter, and
how such a plan can serve you.
us for a discussion of
Each War Bond You Buy Brings Victory Nearer!
AMERICAN NA
NATI
L BANK
«at Indianapolis
_ PENNSYLVANIA AND MARKET STREETS
ana snare corp.
A Branch Office is
a ET
8 0 i n :
28
es
WASHINGTON, March 28 (U.P),
Mey ol , if bra ore live hig ROSES C been added. - soggy soil. T ing and the s Mix raw The soil sho alkaline and ¢ more acid.
Locate the to sunshine.
Mr. Pree
Plant roses is workable. until] later, th roses. : Plant bus from the nur move from p shallow trenc tops and root place rose p water nor allc out. . Plant roses apart, with t under the should be wid modate the r ing.
WARTIME
ive