Hammond Times, Volume 1, Number 22, Hammond, Lake County, 1 July 1911 — Page 8

.6 THE TIMES. July 1, 1911.

$50,000 IS II NEW GARY DEAL

A big realty deal was closed yesterday when the Riverside Land and Investment company of Gary purchased from James Mundel of Hobart some 32 acres of land lying between the Little Calumet river and the Ridge road and with an east frontage on South Broadway. In all there are 308 lota and the rice named In the transaction Is said to Involve at least $50,000. The new company Will place the land on the market. Its capitalization is 950,000 and not only are Gary but Miller, Hobart. Hammond and Crown Point money Is interested In the venture as well. Included In the directorate are W. H. K. Parry, Albert Borman,, Alber; Most. Edward Behnke, Daniel Fitzgerald and A. Arvidson. Shares In the company are rated at $100 each. LIMIT COMPETITION, STEEL TRUST OBJECT Government Makes Charge in United States Corporation Eeport. LAKE ORE POSITION GOOD Capitalized at $1,402,000,000 Tangible Property Is Put at $682,000,000. Washington, July 1. The long-expected and much-discussed report from ! the bureau of corporations on the United States Steel corporation, recently submitted to President Taft, was made uublic here last night. Signed by Herbert Knox Smith, commissioner of corporations, the report makes no recommendations and is almost wholly narrative In form. Mr. Smith declares that restriction of competition was a prime object of the orpanliers' of the steel corporation, or so-called "trust." Capitalised at $1,402,000,000, the corporation, he asserts, had tangible property worth only $682,000,000. By a constant reinvestment of earnings, however, the report points out, much of the "water" In the company has been eliminated. Bays Ore Properties. The steel corporation now owns 75 per cent of the lake ores, having recently concentrated its efforts to securing these properties. On this point the report says: "Indeed, in so far as the steel corporation's position In the entire iron .and steel industries Is of monopolistic character. It is chiefly through its con troi or ore holdings and the transpor tation of ore." Discussing in detail how "the 1m pending struggle of the giants" was averted almost over night by the form ation of the great combination of com binations, taking in 250 subsidiary companies, controlling 60 per cent of the total crude and finished steel pro duction of the country, the report says "Until 1898 the bulk of the business was among a very considerable number of concerns. There was sharp compe tition, modified by frequent pools of greater or less duration and effective ness." Era of Combination. Then came an era of great combina tions, the report continues, with capi talization ranging from $30,000,000 to $100,000,000, mergers of many smaller .companies, which Instead of eliminat ing competition . threatened to bring price' cutting on a larger scale than ever before. In 1899-1900 there were "three great companies the Carnegie company, . Federal Steel and National Steel dominating the production of crude and semi-finished products, and six concerns the American Steel and Wire, American Tin Plate, American Steel Hoop, American Sheet Steel, Na tional Tube and American Bridge per week repays a $35 loan In fifty weeks. G Other amounts at same proportion. Any amount from $5 to $100, one month or one year. Loans on household goods, pianos, horses, wagons, etc., without removal. If you need money fill out the blank below and mall to us and our agent will call and explain how we loan money privately, at low rates, on personal property. Name Address Amount wanted. Indiana Loan Company Phone 322 Cor. 5th and Broadway 216 Gary Building, Gary, Ind.

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controlling the lighter ucts. Klleet of Oary Dinner. The commisisoner finds that competi tion, so far as prices are concerned, has been modified by the policy of "cooperation inaugurated at the "Gary dinners," about which so. much has been said before the congressional steel investigating committee. The present valuation of the com bine's tangible property is nlaced at $1,187,000,000. as against $1,468,000,000 outstanding securities, an increase of about $487,000,000 in pronertv. while only about $66,000,000 has been added to capitalisation. The advantage of controlling 75 per cent of the lake ores, on which the in dustry is based. Is materially enhanced by extensive control of rail transportation from the mines to the lakes. In his letter accompanying the report Commissioner Smith says that in ca pacity rather than in actual production the corporation is materially stronger than the production figures indicate, and suggests that in case of continued trade depression this strength probably would show itself in increased control. Yesterdays report is the first of three parts of findings by the bureau of cor porations in an exhaustive Inquiry Into the steel industry. Noted Financial Writer Points Out That Financial and Industrial Situation Does Not Bear Out Stories of Depression. (By Boeraiaiter.) Beginning today there will be dis bursed in semi-annual interest and dividend payments, $2o0.o00,000, or $28,000,000 more than on July 1, 1910.. The increased distribution attests at one? the rooted solvency of the country and the growth of its business. In the six months of the financial year ended yesterday, $1,2 jO, 000, 000 ' of fresh capital was put into new, and for the further development of old enter prises. The foreign trade balance for the last twelve months totals - ovei$500,000,000 against $187,000,000 In the previous yearly period. Much more than half of the $500,000,000 is to be credited to the time between January 1 and June 30. With such facts and figures berore the economist, the admission is inevitable that the half-year has been satisfactory, despite the talk of "slowness" here and "depression" there. Unwonted Activity Somewhere, When a community absorbs $11,250,000,000 of new money In six months for busines purposes, when its foreign trade enhances by above $310,000,000, there must have been unwonted activity somewhere. And if on the whole the past has given a good account of Itself, the future promises to do better. The future, indeed, may be embraced with confidence, excellent, in Its way, as was the work of the past. In a manner it has been preparatory for what will be done between now and December. Especially pertinent la this to what

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Tomorrow, the picnic grove of Lake Woods Park will be transformed into Little Hungary and the Magyar liag will wave over scenes that are familiar to the people In the old country. The occasion will be the picnic of the Hungarian societies of Gary, Pullman, Indiana Harbor and Chicago. There will be speaking in the grove during the afternoon, the Hungarian Singing club of Gary, and one from Pullman and from Indiana Harbor, will sing, and the Chicago Petifl club will also take part in the program." There wjll be native songs and dances, and native games played, A number of Hungarian women will concoct .huge caldrons of goulash and other Hungarian dishes and the day will be given over to festivities. The picnickers will begin to arrive in the morning and they will be greet ed at the front entrance by a soldier n the full Hungarian army uniform. The picnic dinner will be served in the was done in the judicial and legislative world. After many years of uncertainty, public . corporations know their legal status. Managers aro now well aware whether their stewardships are lawful or unlawful. The decisions rendered by the T'nited States Supreme Court in the Standard Oil and thi American Tobacco cases have clarifies the situation. BOARD VISITS GARY Members of the Lake county board of review are In Gary today looking over the field. Every year the board pays an annual visit, but its inspections always result in approval of Township Assessor John MncFadden's work.

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grove from tables and benches newly erected for the ocasion. A dance pav.ilon fifty feet by fifty feet has been erected, and there will be special Hungarian programs in the band shell by the Royal Hungarian orchestra now playing an engagement at the park. At S o'clock the singing will begin, and the four clubs will vie with each other in singing native folk songs. At oeiock, Stephen Petras, will deliver an address on organized labor, and then there will be more singing. There will be a bio" pie-eating contest which promises to b an event of much enjoyment.'. Pies two feet in diameter will be furnished, and the contestants will not only try to see which one can eat the most, but also to see which ones can smear -the most of the Ingredients on their countenances, and obtain the silver coins that are hidden ' betwen the crusts. This Is a game that is in indigenous to 'Hungary and is employed by them in thtir picnics across the water. FRISCO LIES PUT STEEL MAIL CARS President Winchell of the Frisco lines, announces that no ore wooden mail cars will be used In trains of that system. In which there Is a steel car. This is good news to the Calumet steel belt. There was delivered to the Frisco lines yesterday eighteen steel postal cars of the latest design that will allow the company to comply with tho new law. The Frisco will ask for no extension of time and besides the mail cars will soon have a number ot auu.

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tlonal steel coaches for regular service. Inquiry at the offices of other Chicago railroads developed that the managers of none of these linrs will ask for as extension of the order which requires these jteel postal cars. There will be a few roads out of Cht- . I - 1 ..... . . 1 . . 1 In , 1 i . j LSKU llltfl Will litri ire l!iuitji-i 111 iiiu act, as ost of them have sufilck-nt steei equipment to brins them within the new statute. The Pennsylvania, Kock Island. New York Central, Illinois Central, Santa Fe, Northwestern and Chicago Great Western arc roads that arc using a great many steel cars, and all of these report that they will be' in position to protect the postal clerks In line, with the requirements of the law. I'oMtal Car I.nw. The federal law prohibiting the use of wooden postal cars in railroad trains between steel cars or between an en-j gine and a steel car also goes into effect today, and tho principal roads centering in the Calumet region have made preparations for complying without asking for delay. The law is intended to pre--ent the increased danger to a postal car caused by placing the weaker wood cars between the heavy and rigid Steel cars which are coming Into increasing use on many of the leading roads. The Illinois Central, nrhich has beei ! using many steel cars for some time, 'recently ordered ninety-four additional, including enough of tho steel postal cars to be used in all trains which include a car of the new type. The Rock Island. Northwestern, Great Western, an I Union Pacic have also provided largo numbers of the stoel equipment, and the Frisco will receive eighteen new steel postal cars, which will enable It to comply with the statute at once. The law requires either an all-steel or a steel underframe car, but railroad officials say the specifications practically require the all-steel type, which has thus far proved Itself practically noncollapsible as well as fireproof. Buying Steel Kiinlpment. Among the' eastern roads the Penn sylvania and New York Central lines also have purchased an unusual amount of steel equipment. In addition to tha postal cars, the Frisco is placing order for fifty-one steel passenger cars to be used Sn the St. Louis-New Orleans service In the fall, which will give the Frisco 25 per cent of steel passenger equipment. Twenty-eight large pass enger locomotives are also to be ord ered. Preparations for moving during ths next three months about half a billion passengers, or more than 50 per cent of the entire number carried last year, abeing made by the railroads, it is esli mated. About 200 roads have concurred in special summer tariffs for Journeys east of theMisslssippi river. These facts are brought out by the Pennsyl vania in making arrangements for Its summer traffic, when the road expects to handle about 90,000,000 passengers on the lines of its entire system. Aldermen Are Angry. The action of the safety board in clamping the lid down on Gary's 4th of July prize fight may mean the of ficial decapitation of the members of the police board governors. Alderman Gibson is angry, it is said, because tho killing of the fight will hurt his saloon trade. His place is located near the grand stand. Other of the aldermen have similar grievances. Seven of the citf fathers are said to be for abolishing the board. The council will meet on Wednesday night. Naming of a library board and increases In the park board are planned. EAST GARY. Mrs. Alma Meier was a Gary shopper Friday. Miss Ruth Emblen of Chicago is the guest of the Misses Linda and Edna Peterson. Miss Christine Malmstone Is visiting with friends at Michigan City. Mrs. A. Larson and her mother, Mrs. J. Mangnleson of Oshkbsh, Neb., are visiting at the home of the former s - Brother, J. O. Johnson.

THE BARON

PAID THE 54 READILY (Special to The Times.) Indiana Harbor, July 1. How would you like to make $1.60 a minute? This is what Bart Briney made when he took Baron von Westrum from Indiana Harbor to Forty-fourth street and Michigan avenue last Thursday, a distance of twenty miles. Baron von Westrum had to make a train and before making the trajn he had to meet an appointment at Michigan avenue and Forty-fourth street. He had Just one hour In which to do the trick. "111 pay you a dollar and a half a minute If you will get me to Michigan and Forty-fourth in half an hour," said the baron. "I don't know whether I can do lt In quite that time, but Til guarantee not to exceed that time by more than a few minutes," said Mr. Briney. ' "All right." replied the baron, "let her out," and the start was made. Needless to say there was not much time dallying at short corners and con siderable road was burned up in the expedition, and when Baron von West rum reached his designation thirty-six minutes later he wrote Briney a check for $54. And Briney wasn't pinched for run ning at the rate of forty miles an hour. either. OBJECT OF CIVIC BODY IS DEFINED Next Meeting of East Chi cago's New Civic League Set for July 10. (Special to The Times.) , East Chicago, Ind., July 1. A constitution and by-laws for the new Citi zens' League recently organized in East Chicago, were presented and adopted at a meeting held last night clause in the constitution defines quite fully the objects of the organization as follows: "To promote civic morality In the broadest sense of the word; to assist the city officials iri the enforce ment of the laws and to Interest citi zens at large without regara to par ty affiliation in securing clean and strong municipal government. A meeting for . the adoption of the constitution and by-laws was held last Monday in the city hall, but was broken up on account of the storm and yes terday's meeting was an adjournment of this. There were twenty-five present. E. S. Whltmer Is chairman of the com mittee on constitution and by-laws. which was reported last night. The next meeting will take place Monday evening, July 10, at the city hall. Ball Game Today. Today the Chicago office of the Illi nois Steel company will clash with the Indiana Steel company nine on the steel company diamond. Tomorrow It will be the local steel workers against the Johnny Coulon Athletics of Chicago. The lineup follows: Gary Works Copeland, If; Martin, lb; Kelley, 3b; Jones, cf; Burgwald. ss; Scott, rf; Crane, 2b; Wllkins, c; Dlamon or Crosier, p. Athletics Coulon, rf; Christensen, ss; Walsh, c; Cavanaugh, If; Bartel, 2b; Jurdensen, ef; Johnson, 3b; Grimburg. lb; Schultz or Hicks, p. Where to Worship rMeetlngs at Various Hammond Churches The First tletbodUt Kptoc! church, Russell street. Rev. W. F. Swltzer, pastor; residence, 117 Russell street. Sunday school at 9:45 a. m. Public orshlp and communion service at 10:80 a. m. Rev. George R. Streeter and r. W. -Mayes Martin will conduct the morning worship and officiate In the observance of the Lord's supper. The Monroe street Sunday school at 2:30 p. in. Rev. William Newton will preach In the evening. The Gibson Sunday school at 2:30 p. m. Epworth League at 6:30 No evening church service. p. m. The official board of the church will meet Monday evening, July 3. at 8 o'clock. First Preabyterian church, South Hohman street. Rev. A. H. Hoffman, pastor. Mrs. L. A. Mlnard, organist. Miss Harriet Ferris, choir director. Sunday school at 9:45 a. m W. A. Stout, superintendent. Mrs. Cynthia Sohl. superintendent of the primary department. Preaching service, 10:45 a. m. Invocation. Responsive reading. Hymn. Scripture Reading. Prayer. Hymn. Announcements, Anthem: "Somewhere" Davis. Sermon theme: "The Supreme Question." Ladies' quartet Mrs. Saylors, Mrs. Mlnard, Miss Elliott and Miss Ferris. Evening service at 7:30 p. m. Theme: "Independence Day Sermon." Patriotic music. Prayer meeting Wednesday evening. Pine Street Prewbyterlan Church. Rev. Graham Fuller, pastor.

lJ!day "Ch01 at 18 'Mr.. Cunningham, superintendent.

uioie class meeting at home of Mr. and Mrs. Hartline. the -ulur r-naeavor at 2:30 p. m. Mr Tweedell. .uperintendent. Evening service at 7 45 m Crobis6?: "The DraW,n of the - Special music. A cordial Invitation 1. extended the public to be present. St. Paul'. I.otheran Cbnrci, S7 Cllton street. Rev. Theo. Claus. pastor ai 10 a. m. haul's Lutheran Leat gue Thursday evening. Th. Cb.-l.tl.. elee ftoetety. ' 01 the lesson "God." sermon: Services at 11 o'clock In the Masonic tsmple. in Muenich court. Sunday school following the service.. A testimonial meetinc is hM Wednesday evening, at a o'clock. A cnristlan Science reading Ton 1. maintained by this society in room No. M. mmuacn building, where the Bible and authorized Christian Science literature may be found. Visitors are wel come. A nost cordial invitation la tit.n.j to all. St. Paul-. FpUcopal Chore h. 41 Rin. fcftch avenue. Rev. Charles Albert Smith. 17 Rim. wen avenue. Tel. 1864. Third Sunday after Trinity. The only service tomorrow will ha holy communion with sermon at First Congregation Cb.rcu. There will be no morning service. Sabbath school at 2:30 p. m. The Rev. N. J. Cameron will Breach at 7:30 p. m. AH are invited to attend these serv, ices. Evangelical Immannel Church, SIMey street. Kev. M. C Hoefer, pastor, 350 Sibley street., phone 4854. Bible school at 9 a. m. Pivlne service at 10:15 a, m. Patriotic service at 7:45 p. m.; conducted in English. Quarterly congregational meeting at 2:30 p. m. Ladles' Aid business session Monday evening at 7:30 o'clock. Tuesday, July 4th, annual picnic at Douglas park. All friends are cordially invited to attend. Choir rehearsal Thursday at g p .m. On account of the picnic the Young People's meeting will be postponed until tlie following Tuesday evening, July 11, at 7:00 o'clock. The public is cordially Invited to all services. np(tt C hnrch. Sunday school at 10 a. m. Rev. C. J. Coulter will preach at both the 11 o'clock and at the 8 o'clock evening services. Morning subject: ::A Reason for th Hobe," livening subject: "The Refiner's Fink" . .. .. II t- T, ir . . t . $ast liammond mission at 2:30 p. m. Vyn meeting on Wednesday r. nj it :30 p. m. All vpo wish to worship with us will be welcome to any, or all of these services, .... S. 3-u-mU'u Cat holla Church. II. M. plaster, castor. a First mass (low) at 8 a. m. Hljh mass at 10.16 a. m. Catechetical Instruction at 3 p. ss. Devotion and benediction. German nd English sermon, r pectlfely. at tho low and high mul very first and fourth Sunday of tra month. Vice verse on all other 8n i lays. Frlrde.a Evangelical Chorea. Corse SoUi street and Indiana avenue. Rev. p. Weil, pastor; residence, 289 fndlana avenue. Phone 4514. Morning services In Germain. Sunday school at 9:30. Public worship and sermon by the pastor at 10:30 a. m. EneUsh servicesPublic worship and lecture by the pastor. i The friends and the public are Invited to attend. Peateceatal Chareh of tne Ki Calumet an Michigan avenues. Rev. U. Fugate, pastor. Sunday school at 9:45 a. m. Congregational meeting at 11 m. and 7:M p. m. " Mid-week services Prajtr meeting Wednesday aveninsj at 7:39 p. m. Bible study Friday evening at 7:10 P- n. Hon, ucraa M. E. Church, 33S Tru. atenue. Residence, 260 Truman avenue Rev. J. Eeinert. pastor. Sunday school at 9:30 a. m. Preaching service ot 10:35 a. m. Epworth League at 6:45 p. m. Evening, services at 7:30 p. m. Wednesday evening" at S prayer meeilo The Ladies Aid society meetings ire held on the last Thursday of the month. Choir practice. Friday evening-, at p. m. The people of the city are cordiall invited to share In this servica. Christian -torrfe, C oruer Calumet enue ani Summer strt. C. J. Sharp, minister; residence i Bummer street. 'Phone 345'. Sunday meetings: Orchestra at 9:45 a. ra. Bable school at 10 a. m. Communion and preaching sarricas it U Junior Endeavor at 3. Intermediate Endeavor at 4 p. m. Christian Endeavor at 8:30 p. m. Baptismal and evangellstlo servtcs at 7:30 p. m. Special music at all services. Monday evening at J p. ft GarBaW r.lub. alternate Mondays. Tuesday office day at the church. Tuesday evening at 7:30 choir practice, Mr. Learning, leader. Wednesday afternoon. Deborah Aid society at the church. . Wednesday evening, at 7:10, midweek servtoa, Bible study and board meetn. Thursday afternoon Martha Aid society at the cijurch. 1 Thursday evening social evening.