Indianapolis Times, Indianapolis, Marion County, 21 December 1950 — Page 30
918 TO 926 S. MERIDIAN ST.
OPEN TONIGHT FRIDAY & SATURDAY UNTIL 8:00
74h Xmas Sale Ladies’ Coats. ....$1250 « $4975
Fur Coats, tax included . . $4800 | Girls’ Coats........%975-5%18%¢
Wash Dresses....... $198 «33% Girls’ Dresses. ......%1%0 «34% Nylon Hose........» 69.514 Ladies’ Blouses. .....51'? «53% Ladies’ Skirts......52% « 54% Ladies’ Sweaters . . . .51%8 « $45 Ladies’ Bags (nn) $178.52%1 Ladies’ Slips........5149 34% ¢ Ladies’ Gowns......,31%% «34% Ladies’ Robes .......52% «57% Boxed Handkerchiefs . .49< « $13. Head Scarfs........48°-%13 Ladies’ Gloves ........ 98° «$149 3
Hundreds of TOYS
—10— *39.75
~All Kinds
Men s Suils....... 52450. 53900 Men's Topcoats . ... 51975. s44s0 “Men's Jackets. .....54%5 51975 ; Boys’ Jackets. .....%4 - $119 “Arrow” Shirts . .......%3%¢ “Arrow” Ties...... 519.8150 | Men's Sport Shirts... 52% «7%! i Men's “Adam Hats” ...... 39%; {Men's Pants........5%0%" « $10° | 1 “G-E” Appliances. ..*3% « S460 § i Blankets EN] Las 57s i Big Infants’ Dept..... 10-597; ? Bill Folds (-.) $1.00 ,, $500 1 Men's Gloves........ 98-54%; Hundrods of Other Christmas Gifts
ROYMSON'S
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Ladies’ Suits... .. 51275. 52475 § Ladies’ Dresses. ....%4" «$137 ;
{| George A. Quate, grocery sales. auto collision near Alex{manager of Standard Brands, qua
Inc, died yesterday in Methodist] yr. mitchcock was the brother!ghe lived at 1156 8. SI Dr. of Brig. Gen. Robinson Hitch-|A - restdent of Indianapolis 16 | Born in Muncie and graduated cock, state adjutant general and years, she was was a member of ifrom Central High School there,!director of Selective Service n | Manual Baptist Church. Mr. Quate became Muncie sales Indiana. : representative for Standard Mr Hitchcock lived in Munele. five daughters, Mrs. Nina Spiegle,' {Brands, Inc., in 1936. He served/ge was 61. Mrs. Erma Ege, itwo years in the Navy during} gurviving are four -other Charlotte and Mary Rhynearson; > brothers, Perry, Farmland two sons, Harold and Charles L., | Mr. Quate returned to Stand- Everett, Richmond; Frank, Win- all of Indianapolis chester, and Fred, Bloomington, Mrs, Lucy McNeely, St. Paul, Ind. !sales representative. He was as- and three sisters, Mrs. Fauna and Mrs. Ruby Noel, Taylorsville; isigned to the Indianapolis terri-| Kearns, aMnsfield, O!; Mrs. Emily two brothers,- Donald and Ray-| 1 tory three years later making his|Shreeves, Portland, and Mrs. Fred mond Cordray, Shelbyville, and’ home here at 3502 Salem St. Burial will be in Bundle following services-at 1:36 . tomor-' row in Meeks Funeral Dy there. 1 Surviving are his wife, LaVella; a daughter, Toni; a brother, John, and his mother, Mrs. Erma Quate both of. Muncie. ; Mr. Quate was a member of the American Retail Grocers Association, American Legion and Indian. apolis Masonic Lodge 669.
4 Mrs. Rosa Earls
Services for Mrs. Rosa Earls, operator of a rooming house at ff 228 W. New York St. for many years, will be held.at 1 p. m. togo orrow in Jacobs Brothers West Side Chapel. Burial will be in Crown Hill | Mrs. Earls died Tuesday at the W. New York St. address, She 4 was 64, a lifelong resident of Indianapolis. Surviving are her husband,’ heron, and four nieces.
§ worla War II.
‘ard Brands in 1945 as grocery
T g Mrs. Amelia Henry
Services for Mrs. Amelia Henry, lifelong resident of Indianapolis, will be held at 1:30 p. m. tomorrow in the Conkle West Michigan 1 Street Funeral Home. Burial will be in Crown Hill, . Henry died Tuesday In! General Hospital. She was 78, a ! resident of 560 N. Pershing Ave. Surviving are two brothers, 4 chris,
y
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REGS
|Hospital. He was 41.
Indianapolis, and Frank, Bos Kas.
tp IC. L Hitchcock Rites Hick [sem
Winchester for Lee Hitch-|in Franklin folowing services
cock, who was killed yesterday in
Sterling Funeral Home.
|Lenkensdofer, Winchester, © {four grandchildren
TYPEWRITERS NEW
New New New New New New
‘04° SB +3
$310 pown Including Cony 12 Months fo Pay
TODAY—IN STOCK WHY RENT Tomorrow—Maybe WHEN YOU CAN
Christmas—Doubtful | | BUY LIKE RENT?
Underwood, Royal, Remington, Smith Corona IN STOCK NOW
INDIANAPOLIS TYPEWRITER CO.
25 E. Harsha st.
Services are being arranged in|tive of Taylorsville, will be bul 1030 2. m- Saturday in ln Rover
is; two sisters,
IM-5502
“For A Teleyhsion Ciristmes .
Combination 16" TV and AM RADIO
Model 818 Consolette
* MAHOGANY "CABINET
| TERMS YOU CAN STILL SAVE 10%
While a limited number of TV sets we purchased before November 1st last, the new 10% tax will not be added.
Wy, J W We Maintain Our Own Expert Service Dept. 2 a gl) Wl I ally i Te SE OPEN EVERY NIGHT TILL 9 P.M.
TO SUIT YOUR BUDGET .
allic rafters
=-3350%
CAPITALISM
Nothing is superior except by comparison
HEN we compare the conditions of nations and people in anti-capitalistic countries with the security, prosperity, happiness and well-being of our people under United States capitalism, we appreciate our privilege of living in a capitalistic, democratic country. The basic principle of the free, capitalistic system which we have developed in our country affords opportunity to_the individual who is willing to use his talents to the extent of his ability and desire to produce—to accumulate something for investment in a home, a farm, in savings accounts, bonds and other securities, life insurance, the education of his children, and comforts of life~ and become a capitalist. The following facts give us a deep appreciation of what capitalism has done and is doing for our country and its people. Private capital in the form of taxes and purchases of United States Government Bonds made it possible for us to spend three hundred thirty billion dollars in carrying out our part of the program in winning World War II. This, of course, is unimportant when we consider the loss of life and permanent and partial disability which our youth sustairied and which cannot be measured in dollars. Our participation in World War II has left us today with a national debt of two hundred fifty-seven billion dollars, but on the credit side we find that
our annual national income, at the current rate, is equal to 90% of our total ‘
national debt. Of this total national debt, thirty-nine billjon dollars are in treasury obligations owned by Government agencies, so our net debt is slightly over two hundred eighteen billion dollars. The United States free enterprise business system is operating at its highest
level, furnishing employment to sixty-two million people at the highest hourly
and weekly earnings ever recorded. Stockholders and corporations, after paying the highest peacetime taxes in the post-war years, have had the highest net average earnings in history from their investment, ; Our farmers had cash income from marketing last year amounting to twenty-seven billion five hundred million dollars, the highest on record. Total farm assets of our country amount to slightly more thaa one hundred twenty-seven billion dollars, against which there is an indebtedness of only twelve billion four hundred million dollars. Thus our farmers have ownership equity of over 90 per cent in their farms. In non-farm homes, counting apartment buildings with four or less families, and all valued at a total of two hundred billion dollars, our home owners have an equity of one hundred fifty-eight billion dollars—a substantial ownership of 79 per cent. Therefore, as a result of the opportunity provided by our free-enterprise capitalistic system, the people of our nation have a free and Clear ownership in their homes and farms of 83.4 per cent. Our people have savings of more than one hundred thireyesix billion dollars in government bonds and savings accounts.
An additional ninety-seven billion dollars are on deposit i in commercial
bank accounts. ‘Ou men and women have # cash avesement of ize billion doles in
A high percentage of our working people are provided with unemploye ment insurance, sickness, accident and retirement benefits, financed by employ. ers, employees and government, Others who are not covered by these plans and who find themselves in need are provided for by governmental and social institutions. : We are increasing our efforts to improve the standeed of living of the people in the lower income brackets. The United States, with only six per cent of the world population and seven per cent of its land area, under its democratic, capitalistic system, before World War II, produced forty-seven per cent of the world’s manufactured goods, but what is more important, ninety per cent of that production was consumed within our own borders. Today we are producing over fifty per cent of the world’s manufactured goods, of which a substantial percentage is for other countries. ; : Capitalism is backing freedom of worship and providing increasing educational opportunities by constantly giving more and more support to the two things upon which our descapicy euivtes] civiiigmion depeals~vpisicu sud educational values. We have a permanent investment in churches and schools of eighteen bil: lion five hundred million dollars and are spending annually eight billion dollars
for religious and educational purposes. * Membership in the churches is increasing at a much faster rate than the
increase in the population, and in our Sunday Schools at an even greater rate.
In the past thirty years, elementary school enrollment has increased 13.5
per cent, high school enrollment 146.1 per cent aad college and university enroliment 351.6 per cent.
Our public school expenditures per pupil enrolled ave gone up So $48.02 in 1920 to $132.06 in 1947, or 175.0 per cent.
Since 1920 the population of our country has increased 43 per cent and the investment in school and college equipment has increased 571 per cent.
Since the beginning of our industrial and scientific development in the
early 1800's, the capitalistic system, due to individual freedom, initiative and
ingenuity, has given the world more of the comforts and conveniences of life than mankind had received in the previous 5000 years of civilization.
Under this system our people as a whole are happy and uaited, are increas ing their capital and enjoying a fuller spiritual, cultural and material life. . Today our scientific and industrial knowledge and experience in the vari. ous fields of peaceful activity are open to the rest of the world, and in this
respect we have joined with other like-minded nations in contributing 1 the technical assistance program of the United Nations.
No nation, no individual, no venture, no peivate or public institution, no program for the welfare of people can progress without capital. : It is each individual's duty to contribute to the preservation, protection aud improvement of our democratic civilizttion on # basis which is sous] and Sair 0 all our people.