Indianapolis Times, Indianapolis, Marion County, 27 January 1950 — Page 14

3ankruptcy Wringer Busy

Lego! Washups Increased 40 Per Cent Last Year

By HAROLD H. HARTLEY, Times Business Editor THERE'S A FLURRY of business busts in the air, showering unpaid bills, like confetti, on the bankruptcy court. Last year business wringer-trips went up 40 per cent. John Rickles, referee in bankruptcy for the Southern District of Indiana, has seen a lot of well-meant business effort do Niagara

in a barrel.

As referee; he doesn't talk much about the reasons. Byt there's one thing sure; they can't pay their

bills.

A LOT OF LITTLE ones go the UAW wants a 10-cents-pff-ft, too, same reason. But hour “kitty” it can get its hands! | wer than yesterday's

some of the boys arén't driven into a corner with a battered but empty cash box,

some of them just plain quit. They decide if simply isn’t worth all the gray hair.

Then there's the little guy who can be sure of the right or wrong)

drives a delivery truck, or fries eggs in the back of quickie lunch, His wife has a baby, and there's the doctor bill right at the time

the boss has cut his work week before me. It is from a shop/Weak. Bulk of weights 330 to|

to four days. Then the finance companies get a little tough. . ” n MAYBE he owes a thousand bucks, more money than he ever hopes to see In one lump, so h gives up, washes the slate clean. It isn’t new. Even the old Roman did it.

Togs Steady |

I : we

To Weaker as Trade Slows

Best Grades Sell at | $16.75 Top; Heavier

Weights Decline 25¢ |

Hog prices today here barely | steady to weaker in moderately

day. He told the Chrysler story. v . . » CHRYSLER CHARGES that

on. Chrysler says it is willing to

or are they Pay guaranteed pensions to retir-| knocked out by bouncing checks. Ing employees, but it won't swal-|

low the “kitty” idea. | It is good to know where the stumbling block is. But you never

{until you hear both sides, Getting Together -

| IT HAVE AN interesting letter

steward in a local Industrial (plant. In it he seems to have {swung back his ribs, as if on hinges, and bared his heart. | He has a few 'Réds 1ii his plant. He knows them, and he (listens to them. “I know their {line well,” he says, pe | “But most of the boys worry

give dimes away, spoke up yester-|

active trade in the Indianapolis Stockyards. | Good and choice 170- to 230-| {pound butchers sold steady at [$16.75 to $17.50. |

Plan Three-Day I

Formal Opening This is Charlie Stuart's day, the day he’s host to the town. $y Today, and through Sunday, he'll throw wide the doors of his new Studebaker agency, complete and new from the gleaming new spinner-nosed Studebakers to wall paint and wood, right down to the last tool in the service department. : Charlie Stuart, Inc. at 1219 N. Meridian St., will have gevery model of Studebaker on” Mand, and he'll give four down pay-

ments as door prizes to visitors.

‘Mystery Car’ on Streets All week long the opening ceremonies have been building up with the “mystery car” on the streets,

| Medium and heavy weights . jiine up miles for someone to

lless active later trade.

were pald for good and choice 240- to 270-pounders. {from 27 to 300 pounds brought $15.25 to $16. A few loads near|

AN ig0ld at prices weak to 25 cents|estimate, win a car down payfigures in ment,

Sammy Kaye, will he at the

Prices from $1575 to $16.75 showroom from 5:30 to 7 p. m, | today and will hand out 1000 baWeights tons

(So you want to lead a band?)

The opening will be a big name

300 to 340 pounds brought $14.75|affair throughout with Maurie to $15.50. Lightweights from 100/ Rose, three-time winner of the

Ito 160 pounds sold at $13.50 to|500 Mile Race; Harry Hartz, ex-

1815.50. | Sows sold at prices steady to]

{350 pounds moved at $11.50 to ($13.50. Choice lightweights (reached $13.75 and $14. Steer and cow prices dropped

{race driver; Jonnny Hutchins, top. entertainer of the Indians; Rod Morrison and probably Terry

Sawchuck of the Capitols hockey team, and Leroy Warriner, ace midget car driver, in the cast of

the ceremonies.

Microphones will pipe out the

(Slightly Sn slow sate or program for 13 hours amid or- | steady rie : when ails bl a |chestra music, singing,” and y prices, en avallable, | speeches.

Medium Grades Move { A load of medium and good 990-

It hurts his credit a little, but| Me with their worries. They pound steers sold at $25.40. Sev-| if he has an otherwise honest Dave had short weeks for about eral packages of medium grades

record, if he has always tried to ® Y®Ar. And I notice their clothes moved at $22 to $25. Medium and to Betting shabby and patched, and|good horned 950-pound . feeders

pay his bills, someone's sure take him on again, And I was amazed to find that some men trying to squeeze a

living out of business, actually/t00. When he came here union|

don't know whether they are ahead or behind the game. Taxes and regulation tie them in knots. "8 = ie | a SO IT isn't any wonder to me in these high pressure days that more businesses, and more people, are shooting the bankruptcy rapids. And I have known some who took the legal washup, to go right on paying their old bills, They don't have to, but for them it was a matter of honor, Lead, Don't Push BUSINESS has been struggling a long time with leadership. It is the biggest thing business has to face. If there is no leadership, there soon will be no business, Leadership is simply the capacity to get men to do what you want them to do, because they want to do it. The growling boss, the nagger, the “Get-busy-or-I'll-fire<you” feliow, belongs to the era of high buttoned shoes and the mustache

cup. The big trick today is making a worker feel he is an Important part of the business.

| they're neglecting to get haircuts, | . LJ » “BUT MY BOSS has troubles

relationships were In a mess. Little by little, and inch by inch, he and I seem to be working

Neither is capitulating. We're just sincere,

ground, and we are seeking it.”

telling the truth as he sees it, and the only Red there is in hym is the humble, country-loving

{But he

picture is far from a soft bed.) —8emehow 1 wish this kind of soul-baring could take place more often, not between a union steward and me, although I appreciated his letter, but between labor and management over the negotiating table, 1 seem to sense that labor and management are not as far apart as they sometimes think.

Red Schoolhouse?

THE INDIANA State Chamber of Commerce is stiff-arming federal aid to education. The Chamber does not mind

To do this, and get the best there is in him, he has to feel sure he is being paid all the com-| pany can possibly afford, and still remain*sound. . . WHAT I Itrying to say, and) not doing it very well, is that the|

worker of today won't take the tion.”

whip.

He has more security than he

ever dreamed possible through his union, or his threat to join one, and the willingness of the government to keep his stomach filled and a roof over his head.

i Workers lke to do what they

can do best. They like appreciation. They like to feel that they are somebody, and they like an occasional chat with the boss. It makes them feel that they are In, solid. That's security. » .

BUT CARPING

never has. The pull of good lead-

object to letting the Federal Government get its hand in what goes into young America's minds. The : to education “centralized thought control of the youth of the na-

The Initial appropriation, |foot-in-the-door, is Senate Bill |246, a name you can promptly foriget, with an appropriation of $300

¥ » I HAVEN'T mentioned A his Western name. He might not like that. steady. is speaking the whole | truth, that the union side of the pound fed westerns and a small

brought $22. Lack of heifer sales {blocked a market test, but prices {were quoted steady. A few common beef cows sold {at $15.25 to $17. . Qdd head of {good grade reached $18. Canners {and cutters sol dat $14 to $15.25.

things out to a brighter relation,|/and cutters sold at $14 to $15.25.| _

Medium and good sausage bulls sold at $17.50 to $19. Best beef!

steady at $31 to $34. Commons,

That is a union man talking, and mediums brought $20 to $30. than No

Culls sold at $14 to $19. | Lamb Prices Drop In sheep trade, - native

lamb

blood which flows in his arteries. prices dropped as much as 50

|cents to $1 in uneven trade. Fed lamb prices remained

A deck of good and choice 85-

lot of mostly choice 79-pound natives brought $25. f Odd lots of good and choice natives moved at $23.50 to $24.) Native good grades including a large truck-iot of B6-pound me-| dium grades sold at $23. | Several lots of medium 72-| pound feeders moved at $22. Slaughter ewe prices remained steady at $6 to $12. Late esti-| mates of receipts were: Hogs, 10,750; cattle, 425; calves, 200, and sheep, 350,

William L. Suttles having better schools, but it does Rites Tomorrow

Services for William L. Suttles/

of near Madison, who died yesterday in 8t. Vincent's Hospital, will r calls Feral aid/be at 2 p. m. tomorréw in ‘Harry W. Moore Peace was 43,

Chapel. He

Burial will be held Sunday In

the Burkesville, Ky.

Mr. Suttles was a clerk at Von-

negut Hardware Co. here 15 years and later clerk four years for

imillion, which you should remem- | ther, . » LJ | THE CHAMBER'S idea is that

whoever pays the bills witl eventulally, with larger appropriations, have the right to say what's in {the textbooks, Actually we are not on the edge {of anything so rash, but there is

. won't go. It/no doubt that the appropriating

political party might, in years to

ership is worth a hundred times come, be able to perpetuate itself]

as much as irritating push.

But since people are people, and, The danger, . they chafe easily, we have never Chamber, is that someone might | adfania

|by subtle self-glorification. says the State

quite found the right butter for get into power and stay there,

Hook Drug Co. {Indianapolis to his farm at R. R. {6, Madison, two years ago.

He moved from

He was a member of the Oak Hill Tabernacle Church here, Survivors include his wife, Mrs. Hester Suttles, and a brother, Earl J. Suttles, Indtanapolis.

Official Weather

UNITED STATES WEATHER BUREAU jan, We

unrise 6:57 | Sunset i“: Rrecipitation 24 hours ending 7.30 a. m. _.00 otal precipitation since Jan. 1 12.18 Excess. since Jan. 1 e following table shows the temperature In other cities, tion High Low hil 60

- »

Boston cs 73

Burban . 6 41 human associations. But it pays/Comimunist, Fascist or otherwise. Chicaso. Cevereas 3 Li to keep trying. Cleveland Ll ee 3 Those who come closest to suc- Customs Move Enver cevervesonees M3 ceeding usually sit in the 0p yyE y, 8. CUSTOMS office is Bi Worth dR chairs. finally moving from 342 Mas-|[pdianaselis (City) ooo 8 3 The Chrysler Story |sachusetts Ave. into the Federal Miami ~~ Lt WHEN THOUSANDS of work-| Building where it belongs. New Orleans uo ers walk off the job, it doesn't] The move will take place Satur- Oklahoma City 7 i happen overnight. |day when Alden Baker, local cus- pitisbarsh CE The union simply announces {ti toms officer, transfers his §15- 380 Jotonto BY cannot come to terms and the million-a-year business into the 3 Louts DC R i factory, or industry, goes down. |Postoffice. | aeningzon SE — That happened at Chrysler. In-| The Indianapolis office serves KILLED IN COLLISION dustry used to keep so silent in a two subports of entry, Evansville, SOUTH BEND, Jan. 27 (UP)

strike, that the public thought |

t with tobacco from Sumatra for

was guilty. But not so any more. the Fendrick Tobacco Co. and

Chrysler's Jimmy Lee,

whose Lawrenceburg

where Schenley’s

father, Ivy Lee, popularized John and Seagrands unloads Cuban D. Rockefeller 8r., by having him gin and rum

Today's Weather Fotocast

\ \X ~=-- : \ \ |

PARTLY CLOUDY AND CLOUDY AREAS

Wg (v / — TN

ATRIAL MTOPE, COM 195000. LA. WAKER. ALL MENTS RESERVED.

Colder temperatures are forecast for the eastern third of the mercury down to below freezing in

northerly air will

. NVR

1. J i¥ Truisar : | a JORY WORTH ¢ S

” Suess

—A South Bend man was injured fatally yesterday when his auto collided with a truck on U. 8. 31 The victim was 43

north of here. Russell Hosler

* Laan FOIOEASTN

AFFECTED Ty al Yow SLEET SNOW \ “7 SNOW SHOWERS Gi) ie hums SAIN

| u.asst

the nation tonight. A’fresh sweep the New England states, the Great The dashed line shows the area that will have these below

The Studebaker factory is sending down a chorme-plated cutaway of the Studebaker chassis in which the parts actually move to show what makes a Studebaker

Mr. Stuart has had the prized Studebaker dealership since last September, and has been remodel-

ing and planning the opening

since. .

Local Produce

Esss—Current receipts, 85 lbs, to case, 2c; Grade A large, 28¢c: Grade A medium, 24c: Orade B large. 24c. and no ade

“There] must be a common [bulls brought $18.50. Vealers sold| “Boe " powis. 414 ibs. and ove. 30c;

under 4'a Ibs. and leghorns, 14c: cocks and stags. 12¢c. and No 3 poultry. 4c less 1

Butterfat—No 1. 56c: No 2. 53c

ha Rl ba ive RTA.

JYANEC” Sale Price

You'll thrill to this smart,

at NO EXTRA COST,

28 W. Washington

2-PC. MOHAIR FRIEZE LIVING ROOM SUITE

159%

Includes Knee-Hole Desk AT NO EXTRA COST

suite. Large and luxurious spring filled seats and backs. Strong | hardwood frame to last for a lifetime. Choice of colors. | PLUS your “ANEC” Gift of a lovely walnut Knee Hole Desk

ICTR Ks

The remodeled interior of Charlie Stuart, Inc., 1219 N. Meridian St. will be opened for a three-day public reception beginning today fo introduce formally the 1950 Studebakers.

Three Teen-Agers Killed by Train

ROSSVILLE, Ill, Jan. 27 (UP) —An automobile smashed into the side of a passenger train here {last night, killing three Hoopeston

four others. The dead were Duane Farney, Paul Hickman and Don Pennick. All were 16 years old.

which belonged to his parents. Taken to Lakeview Hospital at Danville were Farney's brother, James, 14; Tom Bell, 15; John { Hertel, 15, and Ulyn Reece, 15.

| today. | The accident occurred at an un-

part of town. Jackson said the car carrying the crashed into the middle of a Chicago & Eastern Illinois pas-

His biggest smile, and why not? This is Charlie Stuart's day of dreams when he opens his new remodeled Studebaker agency with celebrities, music and microphones galore.

ville, Ind., to Chicago. The train

20%.

high school boys and injuring]

seven boys —

senger train en route from Evans-|

|was delayed about half an hour. I Xe

op for "43

However, Company Has Net Profit Gain for Year

Times Speelal CHICAGO, Jan. 27—Total sales of International Harvester Co. were $908,910,000 in 1949, President John L. McCaffrey said today in the company’s annual report for the fiscal year ended Oct. 31. : The figure represents a 3.9 per cent decrease from 1948 when the

record. However, the company had a total net dollar profit of $61,270, 000, compared with $55,679,000 in 19048. The 1949 net income represented a return of 11.31 per cent on -total invested capital, Blames Strikes

Mr. McCaffrey said the year's

{cat strikes which caused the loss lof a substantial volume of trac{tors and fhfm machines and lim{ited production in ‘motor truck

390

at company set an all-timé high »

business was influenced by wild-|"

8 phe

a ia

Fre ¥

= FF

=2:8

susnenEs FEF ii bE

- Bo3% wea. BS

“rene

[plants because of a change-over {to new models. The company reported a $4.36 inet income per share of common {stock in 1949, compared with |$3.92 the previous year. Of the

Police total net income, $28,643,000 was| Chief Don Jackson of Rossville paid to stockholders as dividends|y*7* said Farney was driving the car and $32,627,000 was retained for| Pw

use in the business. Dividends on preferred stock were paid at the regular rate of |$7 per share. Dividends paid on common stock amounted to $1.80

| . 21 (UP {All were reported out of danger per share, compared with $1.68 in nent expenses and receipts for

1948.

All International Harvester

engine plant in Indianapolis.

|guarded crossing in the northern motors are.made in the retooled expenses ts

Local Truck Grain Prices

No.

truck wheat, §1.92, | 0, 1.26 | No

2 2 white corn, § . 3 yellow corn. $1.14. 2

oats, N yellow soybeans, $208.

‘You GET MORE hut pay no more EXTRA FURNITURE

At No Extra Cost

Here's How I+ Works

All you do to get EXTRA FURNITURE at No Extra Cost is come to Kirk's big “ANEC” sale. Every bit of furniture you buy entitles you to extra furniture of your own selection. For example: A 2 pc. Living Room suite entitles you to a $29.95 Knee Hole Desk at NO EXTRA COST. Come to Kirk's tomorrow—S-T-R-E-T-C-H your dollar at least

Buhner . |{Ch of C dg _4%s . | Chios Tad Tei 458 61 | Columb Club 2-8 spatzahen | Indp! rass & Alum 5s 86... | Indpls $ ¢ Color 82 84 ...1 | eat 18 ++. s nd Asso Tel 3s 18

Railways 6s 07 EE Telephone 8 61

- 108 108°

action Terminal 5s 57

uU. S. : Statement

eee WASHINGTON, Jan ) Verne

the curs rent fiscal year through Jan, 35, compar {with a year ago: This Year Last ric $ 23.482,640,752 $20.008.030, p ) . 20,747,536.731 Recep > ns 20.289,667. 207 45:306 408

Surplus . eet fet TT 3222.003.456 — 4130,861,335 _ 4.143.406,088 Cash balance. 4 130.805.373 253.183.068.148

Gold 24.424,606,801 = 24,268,260.929

INDIANAPOLIS CLEARING HOUSE Clearings . 3.3.181.4948 ' Debits ease 27.226

reserve.

modern Mohair Frieze living room

Opposite Statehouse

J a a. e¥ =” ~ , J a Po a

i ~

- I dha al

NAME YOUR OWN TERMS -

MODERN LIMED-OAK BEDROOM ENSEMBLE

“ANEC” S

Sale Price

Name Your

EXTRA COST!

Includes Innerspring Mattress AT NO EXTRA COST

Here's a modern outfit that's complete . . would normally pay for a two-piece suite! A fine quality limedoak modern suite created by one of America’s leading makers of finer bedroom suites! JUST LOOK at the item! A full-size bed, a roomy chest, vanity and bench. All this PLUS your “ANEC” gift of a fine innerspring mattress—yours AT NO

Own Terms

. and at a price you

pidge

| Public Telephone 4%s ...... 198 J | Tr "ee

United ¥ HOLLY" beth Tayl her © diploma la of fans ch Then th the Univer celebrated ditional ro 17-year-ol¢ home alon at ‘dawn te “And tt won't hav tween sce most wond uating is 1 in my dre Hollywo girl, weari and white across the Mulcahy a get the le from Mrs, ber of th who gave squeeze;

Parents to get a I out of the the other through a the door. “They've week to fi ates,” a B ficial said. “I feel © it's over,” I'm starw thing to e: Elizabet! current be: ton, son Hilton, we food. Th home to b “None of could com

Cite Reh

gram for °

“executive |

Calls | the Veter: agencies, ! meeting ir

Plans a extensive campaign, ruary, in enroll five bers, Mr, larger mer make pos organizatic

Goodwill during 19¢ the highes Lytle repo vage sale: a radical prices. Income consisting private {i crease. Goodwill sources to year, with $170,153.54 During Industries broadened $7700 dry tilith mae price tag Money wa equipment, Ww The 195¢ tatively se main incre New eq be purch: available fi lizing bed furniture, Goodwill s machines. Re-elect! Officers v of today's cers are dent; W, Snethen, Kaminsky Schiltges,

FREE DELIVERY IN INDIANA OPEN MONDAYS JTILS P.M.

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