Jasper County Democrat, Volume 18, Number 32, Rensselaer, Jasper County, 24 July 1915 — REAL ESTATE MEN WILL DEFEND LAW [ARTICLE]

REAL ESTATE MEN WILL DEFEND LAW

To Fight Suit to Void Barrett Law Prepayments. MEETING FOR INDIANAPOLIS Indiana State Association Aided in the Enactment of Statute and Proposed to Defend It When Attacked. Indianapolis.— A call has been issued for a special meeting of the officers and the board of governors of the Indiana Real Estate association to be held at Indianapolis on July 29, for the purpose of making plans to aid in the defense of the law permitting property owners to prepay their Barrett law assessments, made for public improvements. A suit has been filed in this county for the purpose of knocking out this law, ■which was passed by the legislature last winter. The association worked hard for the enactment of this law, and it proposes now to come to its defense when it is attacked. The following are the officers of the Indiana Real Estate association: President, J. Edward Morris, Indianapolis; vice-presidents, Lee J Ninde, Fort Wayne; Marcus S. Sonntag, Evansville; Charles Emerson, Muncie; Edward P. Wise, Gary, and J. P. Pfister, Terre Haute; secretary-treasurer, Ryland A. Wolcott, Indianapolis; executive secretary, Scott R. Brewer, Indianapolis; board of governors, J. R. Mitchell, Evansville; George W. Lott, Vincennes; Joseph Bruns, New Albany; J. W. White, Greensburg; James A. Downard, Danville; John E. Peltz, Richmond; James S. Cruse, Indianapolis; E. E. Luse. Anderson; Andrew S. Clemons, Crawfordsville; C. P. White, Lafayette; William A. LTsh, Wabash; Louis F. Curdes, Fort Wayne; Joseph S. Kies, Elkhart.

The association takes the position that the law is a good one, because it permits a property owner to pay off his Barrett law assessments at any time, on six months’ notice by payment of the principal in full and interest up to the end of the six months’ term for which the notice is given. This money, under the new law, is paid to the city comptroller, and the law requires him to reinvest this money in other Barrett law bonds at par, the interest on which will pay the interest on the original bonds for the time they have yet to run before the expiration of their term of ten years. Under the old law a property owner was permitted to pay off his Barrett law assessment at any time, but he had to pay not only the principal but the interest for the full ten years. Baptist Assembly of State to Meet. Several hundred Bible students and Sunday school workers are expected to attend the third annual session of the Indiana Baptist Assembly, which will be in session at Franklin August 2 to 7. The assembly is an interdenominational conference, and the week will be devoted to recreation, inspiration and education. By vote of the state convention, at Bedford, last October, the work of the assembly was broadened to take, in all of the activities of the convention, in addition to the Sunday school and Baptist Young People’s Union boards, who were already participating, representatives from the state mission board and from the brotherhood board.

The progress includes classes in Bible study, missions, Sunday school pedagogy, and methods of Sunday school and B. Y. P. U. work. Pupils irom all parts of the state expect to attend. The forenoon of each day will be devoted to study, while the afternoon will be set aside for rest fellowship. The swimming pool, tennis court and library of Franklin college, where the day sessions are to be held, will be at the disposal of the students. The Bible study classes will be in charge of Rev. James M. Stifler of Evanston, 111., pastor of the First ■Baptist church of Evanston, and a teacher in the Lake Geneva conference. Rev. John M. Moore of New lork, a ,minister of national reputation, who is the head of the missionary educational department of the Northern Baptist convention, will discuss several phases of “The Efficient Church.” Mrs. 0. B. Wells of Chicago, who is one of the study course leaders for the interdenominational committee of the central west for missions, will present the two new study books, “Missions in Action," the home book, and “The King’s Highway,” the foreign book. Miss Lena Bruner, the Indiana state secretary of home and foreign missions for young women and children, will conduct special conferences for young women during the week. New Incorporations. Toner Dry Goods company, Martins'ille. $35,000; to operate a general retail store. O. C. Toner, E. S. Kriner, D. C. Baker. Rich & Wolcott, Indianapolis, $300,000; to deal in real estate and securities. R. F. Rich, J. O. Richardson, M. L. Collins. Stone Grocery company, Indianapolis, $5,000; to deal in foodstuffs; A. H. Stone, E. M. Stone, F. E. Stone. Charles C. Carr company of Indianapolis has Increased its capital stock $50,000.