Indianapolis Times, Indianapolis, Marion County, 14 October 1951 — Page 47

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14, 1951

nutes hefore sliced carrots small ‘onions, saspoon salt, desired, with paste, Serves

eo winner ia new favorite it. In a recent ivers selected ars took four

vl Rcoessories —

Aute Co.

blesville, Ind. il

| Garage ymour, Ind.

Sales, Inc. Ibyville, Ind.

# Section Four

Real Estate

THE TAX-TRAP is about to be sprung. bring blood, make tempers boil.

the buying curve. Prices can’t come down. as companies struggle to pay their own taxes, - The worker's. take-home pay will shrink... And the faithful little wife will wipe her hands on her apron, and in near-tears, say,

MARE And for the first earners may catch onto the great jllusion, that the government is slowly driving thé people into debt and poverty, with money which buys next to nothing. » =n > THE GOVERNMENT is hard after your money. It will be tougher for the wage earner to buy an old jalopy, a radio or washer. And it will be tougher for him to get a raise. The reason is that corporations will have their backs to the wall trying to.pay their own taxes which In many companies amount

to-much more than the stockhold-'

ers get. Of this T am sure. When factory owners, or merchants, arrive at the point where they cannot make money, they'll close, 3 » = 2 THERE'S PLENTY of trouble ahead. look for strikes galore, and enough pressure on the Wage

- Stabilization Board and Congress

to blow the dome off the Capitol. “Wage earners will lay fresh distress at the feet of their congressmen,

One worker said, “What's the | matter with this country? I |

elect a congressman, and he goes down to Washington and cuts my pay. Then he pas#is a Jaw which makes it tough for me to get a raise.” WORKERS WILL DUCK overIn some instances they will receive take-home pay in spite of their extra work. Businessmen are used to heavy taxes. Thev've been screaming for years. But this time it is the poor working man’ over whom the bleating politician weeps, who will foot much of .the bill. The tax increase hasn't passed

time, less

Congress. But it will, in some! form. And, ag one businessman put it, “Truman will have to sell a lot of

patriotism to keep the workers of the nation paving him big money and voting for him, too.” = =n »

TAXES CAN MAKE the differ-|

ence between prosperity and a deptession, if the people tighten up, sock the brakes to buying, and cost-burdened business lay off

~workers-and die on the vine,

To prevent this, the government will keep pumping the money out, piling up the debt, and shrinking the bread in the dollar. Ld = s AND THIS CAN go on only until the wage earner learns to stick his head in the ballot box, and do his yelling there. Then, I think; he'll be quite will-

ing to “change horses in the mid-/

dle of a dream.”

‘Mr. Noah’

AT A ROUNDTABLE last week the realtors wanted to know how thev looked to other people. And 1 was mora interested in

one member of the panel. He was

dapperish, Dr. Paul Cundiff, professor of English at Butler Unlversity, If the realtors wanted to be told, he did it. He had tried to buy a house, and looked for two years. Then he and his wife sat down and decided to build one, themselves.

» ” ” THEY DID THE planning, hired the work done piecemeal. And Dr, Cundiff decided to shoot his whole five weeks of vacation ham-

"mering thumbs and nails, But appendicitis sent him to bed. He did save money, he told

them. He's got a $19,000 house which cost him $13,000. That made the realtors sit quite stiff, and began to wonder who this

little guy was telling them off,

» Ld » THEN DR. CUNDIFF let the cat out of the bag. He said he

up the check, :

Jom 1 Hop Lon ROHR ERAT Bh ARI ESL VARA “ep :

time wage.

their

Its bite will And it easily could dent

They're more likely to go up

built near a creek, and like Noah he expected a flood. So he put

‘his furnace on the basement ceil:

ing. “And the creek,’ ‘he said “can rise eight feet without getTRAIN A 7

“I'll never do it again.” = ‘+ ‘And the. rafters rang with laughter. Like others who have tried, he had become a madder

Ibut wiser man.

A Man for Now

MEMBERS OF the Executives Club are in luck this week They're going to hear the right man at the right time. He is Will Durant, who knows the world's history by ages, civilizations, nations, anyway you like it. But he dishes it up in simple language. - » » FOR THE 500 MEMBERS of the Executives Club who make reservations, he ought to be a treat, with his quiet humor and scholarly restraint, And this will be good news to the boys who still feel the let-

down they got from Senator Ke-{ fauver's failure to arrive because of bad flying weather. Will Durant will come by rail.

Dr. Gustav Egloff—''Star" of

science,

Synthetic Man

THERE'S QUITE A GUY coming to town. He'll be here Wednesday. He is Dr. Gustav Egloff, one of the world's leading chemists, just back from the World Petroleum Congress at The Hague. He'll talk at the Oil Progress Week luncheon Thursday in the Columbia Club.

x w » HE LIVES, AND WEARS science. He dresses in clothes made from petroleum, except his shoes which are 40 per cent petroleum and 60 per cent leather for coolness. His suit is of Dacron, a synthetic blue which feels 'like a cross between wool and silk. It won't wrinkle, One pressing lasts a month. His shirt is Dacron, too, snow white, With neither a wrinkle nor a wave. He washes it at night. And {it goes two days without showing dirt.

" » ” HIS SOX AND TIES are nylon. Undershirt and pants are Dacron and nylon. And that 40 per cent of his shoes is nylon. His parents are Swiss, and he went the whole degree route at Cornell and Columbia. He started with the U. 8. Bureau of Mines, is research director for Universal Oil Products in Chicago.

W, 30th ST. sN\

fete] Lapin

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~The Indianapolis Times ~~ [a

.- SUNDAY, OCTOBER 14, 1951

Planned Sewers Will Let Our City Grow “Today «Business

Taxes to Shrink Bread Dollar

By Harold Hartley

Side projects should wd flooded. 3 and ome

sites (above). At right, University Heights line brings in 500 acres

for home building in addition to

NORTH AND EAST—Horizontal shading (above) shows 300 acres to be opened for building next summer by the 34th St. main sewer. When extended east on 34th St. another 400 acres will be opened (vertical shading). At right, another 300 acres will be freed of septic tanks and more | than 1000 homesites added in shaded areas at 10th St. and Ritter Ave. .

Realty Speakers ' ~~

To Tell Need for

Curbing Inflation

“Meeting Inflation in the Real Estate Field” will be the subject of a one-day conference, Nov. 9 at Ann Arbor, with five recognized

the University of Michigan

‘experts scheduled to take part. Designed as a pre-convention meeting for Realtors enroute to the 44th convention of the Na-

tional Association of Real Estate Boards, Nov. 11-16, in Cincinnati, the conference is co-spon-sored by the Committee on Education of NAREB and the School of Business Administration aad Extension Service of the University of Michigan. ! : Russell A. Stevenson, dean of the School of Business Administration, University of Michigan, is moderator. Discussion leaders are Realtor Arthur F. Bassett, vice-president of the Detroit Trust Company; Simeon T. Leland, dean of tha College of Liberal Arts, Northwestern University’; Paul W. McCracken, professor of business conditions, University of Michi: gan; and Realtor William Zecken-

Continued on Page 49, Col. 4

Public Housing Gets OK in Ohio

WASHINGTON, Oct. 13 (UP) The Public Housing Administration today announced resumption of federal aid to low-rent public housing programs in Ohio. Commissioner John T. Egan said legislation enacted in Ohio and upheld by the courts there has met the requirements of the federal housing statute. The agency's decision means that 15 Ohio localities will be able {to go ahead with preliminary

d ¥N HE HAS HAD’ 23 honors, fel- work for building 19,720 low-rent

lowships and degrees. He belongs to 19 science and technical societies., And belongs to 17 other organizations, I'm going early. I want a front seat. And I want to see how a guy mixed up in as much as he is, has time to think up a speech,

Hear Harold Hartley with “The Human Side of Business” on WISH at 3 p. m, today.

THEY CAME TO SEE—Last week some 20,000 milled through the new Western Electric Plant in five “Family Nights" and saw, “s above, production Jines, in action. WE set out a lunch, picked |

public housing units. Ohio has been Ineligible since

1943 for federal low-rent housing|

assistance as a result of the Ohio court ruling that state laws did not exempt such housing from taxes, ® In July, 1949, however, the Ohio legislature passed a law making such housing tax-free. This led to a long struggle in the courts.

Last summer the Ohio Supreme;

Court upheld the law.

wife. New owners

y a

are Mr. and

{month for many.

THREE BEDROOMS—This bungalow at 4750 E. 65th St. sold recently by the John Max Realty Co., features more than 1700 square feet of floor space. Sellers were Clarence H. Fudge and,

the section proper.

’

EE WN Ll Palo RAP 333 300 acres ns

vans asene AT-48.49 coven es 47-48-49 ref] ..49-63

SAGE 47 Classified “onan

1400 Acres Included In Areas, but They'll "Have to Be Annexed

ALLISON

AVE.

M———

. By JOSEPH Indianapolis, clad in a housing suit that's a size toe small, has order in for a two-way stretch with a 1400-acre spread, but the delivery date is what worries the builders. Local home builders must erect 1000 housing units for

defense-bulging Indianapolis or - let the U.S. do it via public hous

Ibuilding areas. So sewers, up te

now have been the bottleneck.

ing. That's because Indianapolis The whole sewer program has now wears a ‘critical defense'an “if” in it, Actually it's a hig area’ tag. IF” made up of a lot of little

It means that government housing can step in if 1000 units iof programed. housing are not started within 90 days of the declaration. Pe coos ORE PE PEF RPO er DIVIDE, ha)? for sale and half for ‘rent. Nav. 23.7’ 2 |Top price would be $8100 for sin- TF _the cold war doesn’t turn |gles, $15,000 for doubles. ~ Apd red hot and tie up materials. {maximum rent would be $85, ac-| {fF contractors are able to han{cording to the Defense Housing dla the big projects plus mounting Act. {defense construction: Such programed housing Te-| Jp the city continues to push quires big development areas, the plan. : builders say. IF delays don’t arise from legal A survey of Marion County technicalities. That point has albuilding space, plus developments r,,4y caused a two-month post- * |by the Works Board, reveals that ho ment of first work on the they will have plenty of space 10 nip gt sewer. All bids were over develop—but not fast enough. ih, (jty’s cost estimate and unRoom for new housing, noti,....i pe. Now the entire legal scarce yet but edging toward the ,.,...o myst be repeated. crowded stage, will be about 1400 © yp, objectors - to the projects “? acres greater as a result of thei, 1,01 them completely. The

ones, IF the city can find the money to foot the bill. Already in the works is a $3,250;000 bond issue . ter fimanee all or part of the above

S. MERIDIAN ST.

i ni, ETA IRR PR Fe SSSR

AVE

8 city's TEU lion-Qouar SeWer Board of Works, responsible for expans : building these sewers, has found g Sewsts heve been 14 honing that opposition is frequently 5 bottlene : strong to sewers which the city’s % de Ries: a sewerage program engineers term ‘critically needlaunched this year by Mayor i i sa ettin

"3 Bayt promises to not only take a

lot of water out of flooded base- | : a ‘ments but a lot of septic tanks! ousing |e

out of back yards.

| This program will help home y -“ be ¥ |puilders in several ways. It will uildin : |reduce the cost of providing

ineeded utilities and also mean]

The Home : Stretch—

CMP Date Spurs Will Address Housing Starts

/they can build on smaller lot] y : tar ast sizes. The county requires wz Needn't Be Cut lots for homes equipped with] Septic tanks. 5 By United Press Late next summer the first ef-| WASHINGTON, Oct. 13 fect of the program should he Federal Housing Boss Raymond felt when haif a square mile| yr Foley today disputed an asnorth of Indianapolis is reached co tion by Economic Stabilizer by sanitary drainage. Eric Johnston that new home That will be the E. 34th St. puilding in 1952 must be cut main sewer. It will give drainage ‘‘very substantially” as an antifor much of the Northeast Side. inflation measure.

Real Estate Men

National leaders in busines and

By DON TEVERBAUGH

Times Real

T FULL GALLOP builders raced through September

and down the home st Handicap in a wild effort to Plan deadline, Oct. 1.

It made September an outstanding month, one which on paper topped even September of a year ago —a strong month in a record year of home building, 1950. Building permits issued in Marion County during September totaled 426, as compared to 372 during September, 1950. On paper that looks like a whale of a month. To the home buyer it means: something else. It means these homes now getting started will be the last “luxury homes” until the CMP bulldog is called off ’ For these homes will have the full range of copper, aluminum and steel. After Oct. 1 home builders are limited amounts of «these scarce metals, even if they can get plenty of the materials, ®And for the real estate brokers and realtors September was another topnotch month-—a record Real estate transfers recorded by the county illustrate the point well. Transactions numbered 2480 as ‘compared to 1925 for a year ago. Which Critical Area? Just about everyone in Indianapolis knows that we've been deiclared a critical defense area {except the Regional Federal Rent Stabilization and Federal Housing Administration offices here. Washington got around to telling the press this. week (The Times announced it three weeks ago), but somehow they haven't bothered yet to mention the fact in official form to the local FHA and rent offices. The result is utter confusion. They haven't pulled the cork. The builders would like to build under relaxed credit and building controls. Thousands of people would like to think about finding a rental home. Mortgage men are oiling up their adding ma-

chines, . Everyone's at the starting line. Poised. Taut. Ready to go.... But the governmehf won't pull the trigger on the starting gun.

Mrs, George Rufe,

that |

to meager

public affairs will spice the 44th innual convention of the National Association of Real Estate Boards Nov. 11-16 at Cincinnati. _ will be opened for development, On hand as prominent speakers ire Senators Robert A. Taft and John W. Bricker of Ohio, Rep. John Bell Williams of Migissippi, 1ovelist - Louis Bromfield, author and philosopher Dr. Norman Vinent Peale, and Dr. Arthur A. Smith, economist and vice presi-

Father and Son Act jent of the First National Bank of Dallas.

is bordered by 38th St., 42d/about 150,000 more than had Realty firm is Robert A. Driscoll, 5y the Urban Land Institute will St. Emerson Ave. and Arlington |been planned when the governhusky son of Realtor T. Lorin jelve into Urban Redevelopment, Ave.

But builders will work for ment started allocating materials Driscoll. Factors of Industrial Security and annexation, for city building codes |to builders. Mr. Driscoll, the younger, will Dispersal, and Their Effect onjare more economical to meet. Mr. Johnston's office is draftspecialize in in- Res! Zetme an) Cuy Panning | Three oiher areas are due for|ing recommendations to Defense f surance — | “The Real Estate Outlook” will'sewer expansion. Mobilizer Wilson for a big cut i and all Bode be discussed by Dr. Arthur M.. SOUTH -- University, Heights| ne, RE Ro nh Property, 1ife, Weimer, dean of the School of district. The new main sewer t0|which the bulk of the new hous- ~ accident. auto. |BUSIDESS. Indiana University, at a/this section will free about 500/ing would go up in critical deAfter atten LO OT Lr nt]Its [sores from the septic tanks. (See fense areas where shortages i tana Uni. Mh . a ‘imap.) : 220 are most acute. jog ngs ! ix John KE. Langum, cconomist ond EAST 10th St. and Ritter Ave.[. Mr, oad there-must-be younger Mr iSjtive igi hig Ts hg At least 300 acres should be more home building defense and 8 oan 3 versity, wi SPea on e KCO- ,dded by sewers there. military areas, but he warned $ studied nomic Outlook” at the same wpor. Ww. 12th and W. 14th that the general housing program

insurance at the meeting. 3 n er 3 C e o : St. Anoth 300 acres. must be k pt up t a ‘‘reasonabl hee . 2 5 8 agents school of Members of the Institute of These sewers here are import- level.”

American States Farm Brokers will hear speech on and fis ares “The Atomic Age” by Alfred §.|ant because of clay. ~~ .| Mr. Foley said the 1952 goal qualified general Garrett, professor of chemistry Clay mieans Jepue tanks oni of 800,000 to 850.000 housing agent that company, Aetna it Ohio State University, noted Worle very wel or lor vey > B./units is not “a figure picked out and Citizens United. : for his research in connection/After a few years raw sewageiof the air.” He said it is based Previous, to taking charge of with nuclear fission and atomic begins to stand on the surface, on a careful study of the mai the area nearly unin- terials supply, inflation and need.

. . z making the Driscoll insurance depart- 1evelopment. : Fla. p Convention headquarters will be habitable. We were compelled to reduce our housing construction so

3 meat, Be ay member of the =i e Netherland Plaza Hotel, Mation County has plenty of : rp and general sessions Taft Audi- that clay, much of it in choice heavily for several years in order orium. Realtor Myers Y. Cooper, to defeat our enemies, that we have been paying a price for ijt

The Finger former governor of the State of ahi ~~ ‘Ohio, is the general convention ever since.” he said. "We emerged from the war

. Veon Speaks at The accusing finger of another -hairman. | with an accumulated housing

. congressional investigation {s Affiliated organizations of Educational Class |shortage that undoubtedly was

i ic NAREB, which will hold their an12)/A€ Préctice Jahwiat lume Realtor Walt Veon will be the 4 jaro factor in the inflation of

build i : aual meetings as part of the con-| X ] ullders in preparation for ex-gention, and their presidents are: main speaker tomorrow evening housing costs and prices that enposing “gyps and kickbacks” in sued,” Mr. Foley added.

National Institute of Real at the Antlers Hotel in the weekly the VA and FHA home loan field, Estate Brokers, W. L. Cooper, Educational Class meeting spon-, He said 1952 home building Maybe they'll put it on TV! must provide for increased fam-

Port Huron, Mich. sored by the Inre »% American Institute of Real dianapolis Real ilies, for repls % N Ben Hiliam B. Sanall Sr Estate Appraisers, Walter R. + Estate Board. housing = eT 07 obsolete calling for: the “Sn et Kuehnle, Chicago. Mr. Veon will service families in military A and Currency Committee to in- He indicated he will oppose Mr.

Institute of Real Estate Mana- .¢ speak on “Show- : nt, Ormonde A, Kieb, P 7 ’ vestigate charges of VA approval xm i BRR Jo he oh OR 3 recommendations of- defective housing. en they go to Mr. Wilson.

But more important to builders, mr: Foley told the annual conis the more than 300 acres, that ference of the National Association of Housing Officials that the present 1952 goal of 800,000 to 850.000 new dwellings is a It will have a price tag. The ‘‘safe target” barring a major ticket will read ‘“‘Annexation.” change in the mobilization situaThat's because Mayor Bayt has tion. declared no area will get city’ The housing industry erected services unless it's in the city. {about 1.35 million family units And the new area which the last year and is putting up close sewer will open is in the county./to a million this year, which is

Estate [ditor

retch of the Home Builders Annexation a Must

beat the Controlled Materials

"Don't

Know,

ask me why, I don't

= = on

Mr. Driscoll

for

Newark. : and Securing the

Society of Industrial Realtors, Offer.” The class

Rep. Widnall says he has a file Ajme V. Carkhuff, Newark. starts at 7 p. m. . cabinet full of ‘shocking evi- Institute of Farm Brokers, § Acting as br. Realtor Driscoll Speaks dence which illustrates corrup- 1, louis Gairaud, San Jose, Cal. |§ erator for the T. Lorin Driscoll, realtor. wip tion in the VA home loan pro- .States Council, C. Francis Solo-| E meeting will be Speak on “Effective Letter Wris gram, . mon, Salt Lake City, | Realtor Maynard ing” Wednesday morning at the And in many cases, Rep. Wid-| Women's Council, Miss Eliza- M ’ R. Hokanson. weekly Secretary's Seminar, sponnall points out, the veteran has beth Anstine, Miami. | Mr. Veon Seven more sored by the Indianapolis Real no legal protection because the Secretaries Council, Miss Kath- classes remain in the program Estate Board. Held at the Ca VA doesn't demand written con- erine McPherson, Long Island, for which almost 100 real estate lumbia Club, the classes start at tracts from builders. persons have subscribed 1303. m, dh

N.Y Dy be

KESSLERWOOD—Built b Alig-Stark Construction Co., this

CARPETED ROOMS—Located at 2528 S. New Jersey St.,

near the site of the proposed Manual High School, this home was attractive home at 5920 N. Keystone Ave. was sold r by sold recently by the Jensen-Davis Agency for George Spangler Realtor Joe Berger to Mrs, Charleon Rigg, formerly of al ~and wife. Buyer was Marshall Thomas and wife. = : Gables, Fla. The home includes three bedrooms. Li ; A ii wm i . :

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