Indianapolis Times, Indianapolis, Marion County, 24 February 1952 — Page 37

, 1952

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Section Four

Real Estate |"

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SUNDAY FEBRUARY 24, 1052

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Real Estate .vvv::37, 38,39, 52 Business Vogeiseeannan edly 38 . Small Héme Plan ..vive.....39

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SEARS STOCKHOLDERS—Employee-stockholders of Sears, “Roebuck & Co., more

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than 500 here,

tomorrow get the word on the tremendous part they play in the company and its profits. Ready to pass along the information are (left to right) Mrs. Ila Souders, division head; A. T. Moreland, general manager; Orval Osborn, service station manager; James Hauk Jr., assistant receiving room manager.

Today «Business

About Pirates .

fs

And

a Beehive

By Harold Hartley PANAMA CITY, Feb. 23—They called it the “Beehive.

And that's what it was. But you didn’t get stung.

It was the fabulous El Panama Hotel, high on 3 hill, in Meeting.

Sears’ | Employees |

Own Stock

The more than 500 Indigpapolis employees of Sears, Ro€buck |& Cob. tomorrow will learn just how big a part they are playing]

and sharing in the company’s savings and profit-sharing pension fund.

Individual statements containing this information will be dis-

yy tributed by Ace Moreland, Sears

to memberstore

local manager, employees at the annual

Mr. Moreland announced that

concrete as white as alabaster. Easy to enter, too. No doors. this local employee group has to

Up to the eighth floor. On the elevator you hear Americans trying te talk Spanish, like kids on a spree, and the elevator boys answering in perfect English. That made tourists giggle. You live in a small apartme with tile floor, bath, and a patio with a little tropic garden in the corner, looking out over the Pacific harbor.

Here 4s where the prosperous by, the pallbearers first; one in figure,

March for the -Dead

FOR special visitors, the guards hold them while you pull

for a souvenir—very the egrets. Out into the street, and toward the cemetery. A funeral passes

tough on

its credit in the fund 24,094,407 shares of Sears stock plus a cash balance of $400575.25. Based on a year-end market value of $56 per share for the Sears stock, this group now has a total invest-

nt an under-feather from the tail ment worth $1,749,862.04.

The fund’s total! current assets amount. to $400 million (based on a year-end market value of $56 per share). However, of this only. $63.3 -million rep-

Western Hemisphere rubs elbows.| striped pants, the rest in Sun- resents deposits from the wages

But you see Orientals, too, and

day clothes, with the family

and salaries of the 109,233 mem-

Moslems. Your telephone doesn’t walking slowly along beside the bers in the fund. |

ring. It gives a kind of “cling,” just once.

anut filled with tropic fruits in an air-conditioned room. Here the world is wrapped around you.

Sweated Dollars WHO they are vou.do not know. But you have the feeling that somewhere out of the poverty which crawls from the Rio Grande to Magellan, they have ridden the backs of the poor, and wrung dollars from the sweat of men who can never have a chance. : In the afternoon over to Old Panama. A pile of ruins, all that was left by buccaneer Henry! Morgan when he sacked the town! some 300 years ago.

The ‘Black Christ’ |

THE ARCH of the cathedral stands. And it was here that the “Black Christ” stood through the Morgan raid and the fire. The natives painted their ’gold statue of The Christ solid black. Morgan thought it was iron, passed it up. Later they removed the paint, and the “Black Christ” now stands in its original golden splendor in the cathedral at Porto Bello. But the name: I remember is “Karl Clayton.” I have never known him and never »will. But he was a despoiler. It was his] name I saw crudely scratched on the soft stone steps leading into, the ruins, a name, I think, which should live in infamy.

Prayer, Hands Open THEN BACK to Panama City,| through the squalor and the dirt, and the balconies of many colors. And to the cathedral. I mention this because it was

,there that I learned something, buffett dinner in honor of the!

about praying. Most people clasp their hands in prayer, but not here. I saw men; old and not too far from the grave, praying with hands held out, palms up in supplication. I think they were offer-, ing their souls to the Lord.

Owns the Guns AROUND a block or two to the president's palace. = You spell “president” with a small *“p,” be-| cause he, in the final sense, does not run the country. The chief] of police does. He has the only| armed force, about 2000. And he, is the boss. He can pitch the president out on bayonet point if he wants te. He simply owns most of the guns. | In the president’s palace, the| pillars are inlaid with mother of pearl. In the center of the sky-| lighted vestibule there is a fountajn. And guards kicked two egrets, slender-necked with: ten-, inch legs like matchsticks, and] yellow bills down the steps.

home at 3715 N. Chester St. was sold re

Mason. in a co-o

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. seepage.

hearse. - ° Just behind the hearse, also in

come the friends, flowers. They bury above ground. No And here money sticks up its ugly head again. If you

carrying the

have what it’ takes, you get a sion Fund was created by the] nice vault. Otherwise you buy a fompany management io permit y . employees to share in the com-|

Own 249, of Stock

company’s largest single stockholder, Mr. Moreland said. Now in its 36th year, the Sears

Savings and Profit-Sharing Pen-|

section of the wall, and are ) stuffed in there. pany’s profits and to assist them ; . ting ‘a financial reserve to After one year in the hot In sabe ; weather and the salt air. they help take care of their needs fol-

stuff the next body right into the

lowing their eventual retirement from business.

The fund row owns approxi-| Down to lunch and a half-coco- Sunday clothes, clean and crisp, mately 24 per cent of Sears stock

and this ownership makes it the!

Public Housing Battle Rages

New Style Septic Tank

Developed at

| 1 i - A possihle answer fos Marion | County's septic tank stew is be{ing developed at Purdue Univer-

4 sity by Prof. Don Bloodgood of

‘the School of Sanitary Engineer- | ing. And if the new type tank works as good in homes as it does in the laboratory, it'll be a sensation. Prof. Bloodgood, a stocky little man with a quiet patient smile, has worked on the tank for. several years, It uses the same type aerated method large city sewage disposal plants _ use, he explains, Engineer for the State Board of Health, Prof. Bloodgood formerly was head of the Indianapolis sewage disposal plant and held a similar position at Milwaskee, He is recognized as one of the nation’s top sewage disposal experts. : There's No Odor

| The new tank 4s remarkable in

that it can be installed in a basement or utility room of a home There is no odor. Where the odor goes is a mystery, even'to Prof. Bloodgood. But it goes. And this system, using the aeration principle in which air is pumped - through the . sewage, breaks down the solids in the waste 100 per cent. The remaining fluids, by clinical test, are far greater processed than the 70 per cent processed sewerage Indianapolis now dumps into White River from the disposal plant, Prof. Bloodgood claims. “The sewage is processed enough, in fact,” he added. “that it might well be dumped into: storm sewers and carriéd off.” Requires Sewage Grinder The drawback to the new septic system, if any, is that it necessi. tates a new type toilet. which includes a special sewage grinder,

as

|

Purdue

The grinder is operated hy water other «

pressure and requires no power,

Its strong point is that with the greater disintegration of sewage solids, this system would guaran-

tee proper action of the system's drainage network indefinitely.

And that's the hig headache for

home with the present septic they forget to have them cleaned and solids are

owners

systems

not retained. Jong enough in the

tank for bacterial disintegration and flow out into the drainage tiles, clogging them, At the Purdue laboratory the new septic system was tested by four adults for a year and ft worked perfectly. The 150-gallon tank never than one-third capacity of sludge. More recent tests of the sys~ tém with a conventional toilet have been less successful, Not all solids are broken down, Prof. Bloodgood admits. Still in the experimental stage, he shrugs at questions of what such a system would cost. “Probably less than present septic system,” he guessed,

Calvin K. Snyder To Address Board

Calvin K. Snyder, executive secretary of the Realtors Washington Committee .of the ‘National Association of Real Boards, will be the guest speaker at the Thursday “noon luncheon meeting of the Indianapolis Real

Estate Board at the Washington,

Hotel, His subject will be ington Picture” and realtors are

“The Wash-

urged to make their reservations] iis

early for the session.

Three Generations ir Realty

accumulated more,

Estate

: |amounts to only $275,000. In Los

38th St. and 5106 E. 10th St. " { * Mr. Boyd started as a clerk in assembled by the Tile Council 30078.". emigrated from Holland $1.9 million, and earthwork and*beautifying their courts and the absorbtion qualities of‘ the

CENTER" HALL COLONIAL—This attractive Forest Maror |

same hole in the wall. I don't All regular 8 - : | \ . {week as more than 4000 comknow how buzzards know, but. gjioip] gu ar Sears employees are, A record crowd of Marion plaints about substandard GIjand $50 and the remaining 25 they ‘wheeled high one eligt jo. Join the fund after one| County Builders and their wives housing were presented before the Per cent rented for $50 or more. hearse. Yes! oad fompany. the | K listened to the top brass from House Banking and Currency sub-| Since that time the government i 5 ‘ de anh oe o, Se e fund| Ly three of the nation’s biggest ap- committee inyestigating GI hous- has permitted rents to be inFiesta Coming Up [3p an 5 Be ent Of tals Ba arent pliance manufacturers this week. ing gyps. : creased 5 per cent. IN THE distance, there was a Into the fund each year. Sears Eo ; i, ice Hey were deaf,| The complaints ran from water- Housing Better Than 1940 s ' e s . J i ’ {filled basements classic exstop and the blare of a juke box annual contribution into the fund, i the In 1940 Marion Coun behind a wall. Charlie ny on is based on an established per-| NEW REALTY FIRM—The Johnson Realty Co., with offices Loe ip any (deny AMples of obvious fraud ...one o,e 138000 dwelling unlY hag telling all in broken English and Cehtage of its profits. This sum at 4840 College Ave., opened this week at the site of what was PR ideration pefore “they bratider forgot to build a base-| pin 60 per cent were rentals. broken Spanish, said they were 'S credited to employee-members| once the Silas Johnson farm and developed Ey the first of three [start their spring home sowing. pep s Birway. The new tains TALS about one living unit for getting réady for the flesta, that's °% 2 length of service basis. | generations of Johnson real estate brokers. Second and third gen- | As one of the speakers pointed he OE ay owWnstairs every 3.36 persons. like the Mardi Gras in New Or- erations of the family, Howland (left) and Robert Johnson are out: “Don’t talk dream houses, WB - on In 1950, according to the census, leans, Everybody “ties one on” New Mana er | . because you won't be building; It was the “pickle-packers” on|/we had some 168,000 units i next Shrove Tuesday (Feb. 26) " g | partners in the new firm. Both father and son have many years becaus P ont be Du parade. ve hay som 168 %0 wii 3: an ne before they go into the solomuity| spn Lael C: MacMullén, 153 W.| experience in realty work and are now developin the Kessler View dream ane vabllity.” : And unfortunately the hsmes about one per i 3.28 is of the Holy Season. ani a Se BPRoinied In additions near Kessler Blvd. and Allisonville Rd. hey will specialize |° This man, representing the built under the VA sponsorship sons. eT Back to the “Beehive,” for this Distillers Corp., according to an! in sales of North Side and subdivision properties. | Bendix appliance line of laundry are hot Evaranteed for the buyers) We didn’t talk about a housing is the night of nights. announcement thi of See eee —————s ee — x | equipment, presented home build-—o0n e¢ morigage Is guaran- shortage in 1940 and by these At least that is what I thought, bert S. Ty Weck oy . 1 ing from a little different angle. teed. {figures We are better housed tobut I'll dream you through it to- manager of the 112-year-old di Home Show ‘Heavy Building “Why build a basement to house! 80 the GI who got took is going day—better also than the namorgy £ (tilling and importing concern. gl | : 1900 era laundry tubs and several to Temain the "palsy. tonal average; ” L od e ‘Awards Rise clothes lines? It is far cheaper to| And the conscientious home - And these figures do not reflect ; an scap | : install an automatic washer and builder who has made a career the two greatest years in home Carr Co Fetes Em jo ees ; » | NEW YORK, Feb. 23—Contracti clothes dryer in the utility room,” of housing the nation ix just as building history, 1950 and '51 dur- : . P Y Man Picked lawards for heavy construction, as he Pointed out. {angry about the scandal as the ing which more than 10,500 living | reported by Engineering News. | And he's right. Ask the ladies.[Rypped Gls. “Repause the entire units were erected. Oo a e ales Reco rd Frits Loonsten of New Augusta, Record d th t | One Hoosier builder is erecting building “industry is receiving a; But what about public housing? v {has been named landscape archi- EE aD e Construction], =" st homes which include an black eye—unjustly. | Who pays for it and how much? Mrs: Jack Carr, vice-president sales manager, general manager tect for the 1952 Indianapolis D21lY, totaled. $300.3 million for automatic wastier, dryer, and re-| That's why Alan Brockbank,| Who Pays What? of the Jack C. Carr Realty Co., in 1948, and became president of Home Show, announced Verne K: the fourth week of 1952. This is frigerator for under $10,000—but newly elected president of the) ys at? : vp this week. entertained 36 em-|the firm in January of 1951. { Reeder, Home Show president, 24 per cent above last week, psn {National Association of Home| A handbook published by the Ployess o De tn a hey Rofne Sales volume of the company| This will make the third Home| Awards f6r public construction Cl k S k Eiders, Xred Da hoy NAYS Housing ny r Home 1 Finaiice (< WN. sylvania . { y ™ : % p 18 a8 many) ’ notne 2 2} 100bed: oe ollon dollar ark Sy Boh the amiable 43 declined from $82.7 million to ar pea § {already Tr a standard war- reports that to a a attl company's $6 peak of $7.1 million in 1945 and the landscape SUDErVISOTY POSi-/soorssrs tous is Week, a S210 Owners \ranty for the homes they build. _|housing unit the ‘government will million sales vol- i g i tion r 1 f ; ® than offset by| : ’ ns jhave to contribute abo 19 ume of last year. busin veraged better an He ‘the classic Williams. (3. Substanutial_boost In. private, mayor Clark will address the leper} 2eParate te Pleiste Reena! ve month over a 30 iii The agency's | ee burg house built in 1938 and for Fi 44 x ch jumped from Apartment Owners Association| And when you get around to| It further states that it is ex. fF 3 first sales meet- Hugh Bremerman’s “Midwest 5 million last week to $242.2 ,,, “your City Government at building or buying your new! Pecied that local contributions 8 / ing of the year New lde House” at the Silver Anniversary To on this week. ‘the Wednesday noon luncheon | me remember, it'll probably he Will average about half of the § followed the din- as {1950 Home Show. | Private housing awards totaled meeting at the : the biggest financial investment federal monthly grant per unit, i ner and was pre- | | Yor the 1952 Home Show, Mr. $98.6 million. This was the high-/Gold Roomgyof vou'll ever make. Plck a home lf the housing bonds are to be sided over For Hearths |Loonsten will work with various ®t single week .since June 29,'the Washington | [builder who'll stand behind hisPald off. i Guy Boyd, presi- 3 | | Garden Clubs of the Indianapolis 1950, When awards added up to Hotel. { work. | - “That means we'll have to §

{ { $108 million,

dent. +| That fireplace to be enjoyed area. He will design and locate

e The ac '2 ‘next fall and winter should pe the various. gardens in the pit ar-| Industrial construction awards ( arr m, 1 built this spring and summer. {rangement for the Home Show of $94.3 million compared with CiY's 14IE®SL 3h Boyd | ‘Whether it's a Dew house or an Centerpiece. [last week's $56.8 million. Unreal estate brok- ! Particular interest has. been classified construction awards

ers, was formed here 19 years ©lder one under modernization, it ago. Starting in a two-room of- Will benefit from a fireplace

planned when remodelin fice in the Union Trust Bldg., the P E OF NeW! jeas are expected to coincide| Public housing awards totaled

firm moved to their present quar-| construction is undertaken. Early| it ’ : ters at 139 E. Market St. in 1943, [Scheduling of this addition to| Wi B Sewen J. Malley Lise. S168 million this week, highways, gracious living is. less expensive|V'nning ‘House for Moderns” $13.9 million, and public buildings, Wii Minin Te trun installation as Frags ty that will be built as the center- $12.9 million. property ont, | piece. = > | “Awards

boomed the business even faster z than their earlier growth. Branch! The time-honored place for i Loonsten; wie Says ial the week were waterworks, $5.9 offices were opened at 635 E. glowing logs is dead-center on one| nt rin igs P ng a eh allyimillion; bridges, $4.1 million; comwall, Here are some newer fdegs, Rierir decorating . done out-imercial, $2.5 million; sewerage,

kindled in the landscaping prob- Were also up from $40.2 million lem this year, since fanciful new|1ast weék to $56.7 million. ;

for other categories for |p, ' Hollister, city plan commis- test to help determine the stand-

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@

City Held For Ransom, | . . Is Charge

| The big guns roared out

this week as the public housing squabble boomed into a

full-scale war, Opponents to

J the Housing Authority program to 7 build some 1500 public housing 4 4 unite called-for a full mobilization,

“#4 | “The Housing Authority is ats ig [tempting to hold the city of Indis Faro for a ransom,” cried {Marshall Abrams, managing di {rector of the Construction League

of Indianapolis.

He referred to statements by {Harry Wade, commissioner of the Housing Authority, in a recent radio broadcast. Mr. Wade warned Indianapolis citizens that to dee {fault now on the city's contract [with the Authority would mean [that $275,000 would have to be paid back to the federal govern< ment by the city. | Mr, Wade, by his own: admis {sion does not favor public house ing, or any form of Socialism. But he argues that something must be done to house properly the low in

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: iid NEW SEPTIC TANK—Developed at Purdue, it has no odor and may be installed in basement.

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come “groups. |- “If we term ourselves come munity leaders we must lead, we imust solve some of our city's problams -—— not oppose the solu 3 : ition,” he told the Indianapolis Business Notes— ‘Real Estate Board recently. tt | Mr. Abrams, speaking for the 7% g * {opponents of public housing spoke to the Realtors this week. Fé Tryi n g oO n a | ‘Why. New Housing ?* ° s 3 : | “Why must these low - income J B 1 ] © groups live in NEW housing?” 19 arr : {challenged Mr, Abrams. | “I don’t : {live in a new house, 90 per cent {of the people in Indianapolis do By DON TEVERBAUGH |not. What's wrong with a sec "Times Real Estate Editor : ond hand house? : 2 . | “Soon these people will ask the ! HISTORY IS REPEATING ITSELF—Public housing taxpayers to buy a new car for history, that is. Except for the palm trees and an occasion-|'l-e who cant afford better al movie star, Indianapolis might well be Los Angeles. | warned. : : We're over the same barrel. Fortunately our barrel, There's a perfectly logical way i adequately to house low - income Angeles = where everything 18 ., p.cement, And he can't build Broups Jud it fant Duliding Now bigger and better (they claim) yyy poyges fast enough. | “The solution lies in butlding She barrel is of the $12 million gyryeys have shown that new NEW homes for the people whe size. home buyers prefer to select their It's a public housing barrel of un, kitchen DE Paaces, But Tan aod iii Ry neh esl course and the $275,000 is what jot those that do aren't aware home. But. the government has you and I are told we will have (p.¢ if they take 'em along with got 2 Woose of Ted tape around to fork over if we, as privaleiing nouse they get 20 years tothe builders and limits the numcitizens, decide we don’t Want ay instead of 18 months. ‘ber of building starts,” he said. public housing here. | Radio Equipment Co. sponsored) The facts are these: I talked about this sort of bar- the pyilders meeting and made! In January, 1050 the Bureau of rel last December, if you remem- )oiy of friends among the build- Labor Statistics, a governmental ber, referring to Los Angeles org It was a good show. agen tudied rent levels h and warning that we were try- re oy 8 ue oh yen Mio s here. ing ou the barzel Jor size. x bit Pickle-Packer Parade real on wae 338 Tr TE es . . . ’ WB Bo oor tha Angry veterans smacked|25 per cent of the units rented for : {bunched fists into open palms last|!e8s than $22.50 per month; 50 Salesmanship per cent ranged between $22.50

; : ‘hand out $12.25 per unit for the : ! Code Protested |Pioposed $46 units for 40 years— i f | Bristling over the new: Marion ar Abrams od your tax bill, | County septic tank code, builders But 1 goes deeper than that this week wrote Prof. R. B. Wiley| yoy pay the federal contribution. of Purdue University asking him|tss 3 the form of higher income to suggest someone to assist them|iayes and such, he added. - in complling a code which willl" Ang go the real cost, based over Rabb, E. BE. Mar- answer the ngeds of the county. |g 40.year riod, is a tin, president of ® ers want a code w million out of taxpayers pockets the J. I. Holcomb Co. and oble will include a earth percolation|ne claimed. ’

i In 8 thm . isioner, ard sizes for septic systems. The cept mpl ap hc J I ae This committee will suggest to present code sets the size by lot|gg 138720 and you get the average

the apartment owners methods of classification without regard of|.,q¢ per unit of the proposed pub lic housing—more than $17,600,

| Also scheduled * {for the program {ifs the Yards{Parks Commit-’ tee, which includes such notables as Mrs. B. Lynn Adams, Judge Saul I.

the firm in 1944, fresh from Army 0f America as an idea guide for} 0. Wisconsin in 1928. His land- waterways, $1.7 million, |yards, | soil. : service. In- 1946 he was named home owners: = « Joeah I Ero ne J Hien : S-— x Not Slum Clearance : on } rts at cy 2 the and Lakeview Memorial Park in| m L .r LE AT iE W al B} " Board" i > [a bulltin TV receiv al’ house Oshkosh. x | o BE See : : ’ Le HAG a the Real Estate ard, pointed otic firewood Se od ith the| In 1935 he brought his designs 3 Bre . |out that wherever public housing |same easil 1 d la eito Golden Hill and soon thereafter| HATES Ck had gone into slum ‘areas, it had. 48 sily cleaned clay tile|to Indiana estates and colleges. | Eis : decredsed costs of crime and

jFien faces the fireplace itself. | ig apointment fills out the | Locate the fireplace in a corner.| architectural staff for the 1952 | This saves wall space in a small Home Show, with Richard E.|- | room. | Bishop as general architect and For the sake of ease of clean-! Mr. ‘Mathre as architect for the! 4ing, center the fireplace in an en-| “House for Moderns.” | [tire half-wall of tile, and let the, The Home Show will be.- held hearth be either elevated or flush Apr. 18-27 at the State ' Fair- | with’ the floor, grounds. =. ; . Use a fireplace as .a room di- + nN |vider. For example, the fireproof Appraisal Problems |chimney may extend"from ceiling, ichard - Oberreich, executive | {to floor, with a. hearth so built gecretary of the Indianapolis Reithat the dining area one one side geyelopment Commission, and his! “and the living room on the other gggistant, Earl Friend, will ex- | share the glow from a. fire, plain the commission's work and | “Another new idea is a firebox problems of -appraisals in slum ? . : with a wide, fireproof tile ledge areas at the meetingsof the Soscently for Mrs, Roberta jicated in the middle of a large ciety of Residential Appraisers at

a suspended flue, tinique Restaurant, = % Sa ; 2

ny J y

» : pate : - I ; v we ! : ; ’ Hollis wa i

ester St. was i HOMECROFT ‘A Ri the street ative fransaction by Realtors Bob Graves and living room. Above ¥ AI hara)l p. m. tomorrow at the Mas fs Bodlord stone Tis rly a or rom Seuthpert H

ction by low at 1353 Loretia Dri er Or oes. nd Te by Er ie Mali of thar: Rs Hunter GaSBormar yer Chari

disease for the area, lessening the city budget. Jatin “Bit in a paradoxical statement, he, admits that the Housing authority plans no units in slum i areas—'‘and so far has not considered slum clearance as part of the Authority's job.” 3 : “It is time for Indianapolis (citizens to stand up and be counted,” challenged Mr. Abrams, “It is time for the city to find out that there isn'ts such a thing {as a little socialism. . : “All housing in New Zealand is. «| public housing, seven every eight new: a built-in Eng- 3 land are owned by the governe ment and one-tenth of the popu lation of greater New Yi in public. housing

t | 3 a i my % ait a 5 . alin . To . \ . . an : % > 7