Hammond Times, Volume 7, Number 240, Hammond, Lake County, 14 March 1913 — Page 4

THE TIMES.

Friday, March 14, 1913.

WS ARE DOING

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The American Locomotive company ia having: a prosperous year. The fiscal twelve months to June 30 next will how a sharp and decided recovery 'from the 1912 year, both in gross and r.et earnings. It may seem a trifle forcee to predict the earnings record of a manufacturing corporation still three and one-half months away from the close of its fiscal year. But the car andlocomotive Industry is one of large forward bookings, when business is at all favorable, and this is the happy condition of American Locomotive today.

There are on the books orders sufficient in amount to insure operations at the present rate of production until June SO, and probably for two or three months beyond. In fact in respect to forward orders the company la better fixed than for several years. " It will be recalled that during: the 1912 year the company had one very poor six months followed by a big- outburst of earnings in the six months from January to June 30, 1912. The preferred dividend for the entire year was earned in the last six months, as the first half year did little better than show Interest earned for the notes. This year the company hai bad twelve consecutive good months. Insuring continuity of operations at & high rate probably over 90 per cent on the average and making possible the maximum of operating efficiency. In the 1912 year the company produced 110,449,451 worth of locomotives. This fiscal year the total should come very close to $50,000,000, a recovery of say 65 per cent.

plants wltt the closing down of two or three of the small and unprofitable ones, lnherfeed in the course of organization. Th company when formed was rated with a capacity of 3.000 to 3.200

'locomotives yearly. There has been such a radical change in conditions 'since that time as respects sizo of loIcomotives that comparison on a number

'basis is no longer equitable or accur

ate. ,

For instance, a few years ago a 100 ' ton locomotive was considered the limit i of site. Today 200 ton moguis are not 1 uncommon. And In point of selling price the big locomotives sell for three

times what the average locomotives of 'ten years ago commanded. On an average locomotives today sell at prices 50 per cent higher than in 1900, and there has been of course a corresponding increase in size, i American Car and Foundry. The American Car and Foundry comIpany is having a much better year in he present than it had in the previous one, and the statement of earnings, both net and gross, for the fiscal period ending April 30, 1913. will show marked improvement when compared with

"""'.the figures for the twelve months endNet earnings will perhaps do even April 30, 1912. better relatively. In fact, it would not it will be remembered that in its be surprising if the 7 per cent dividend 1912-year the company earned but 2Vi on the J25.000.000 preferred were earn- per cent for the $30,000,000 common, ed more than twice over. Last year the contrasted with 7.2 per cent in 1911. balance over the 7 per cent rate was Not thi syear will probably be less than about one-half of 1 per cent. iin 1911 but should be from $1,000,000 to

SALOON HEARING t COMPLETE ICnnttnwad from Pax L)

TWO PROSPECTIVE GARY COMPANIES HAVEBIG BOOM Wall ntrret dispatches today "how that the American Locomotive company and the American Car and Foundry company, both of ivhleh purehaaca large altea Ini Gary, are dolag a tremendous business. Continuance of it means, an early construction start on their (iary plants..

Proctor law; in raising the amount of the Gary saloon licenses to $600, or was its action merely an attempt ' by the council to raise the license fee regardless of the provisions of this law? Attorney Kvrbank, representing the saloonkeepers, says that the court has no right to assume that the council was attempting to comply with the requirements of the Proctor law in view of the fact that the act of 1911 was not mentioned in the ordinance.

Attorney Matthews, the friend, of court, but presenting the other side of the question, declares that the council must have had the Froctor law In

mind, for only under the Proctor law Is It possible to make the license fee

as high as $500. What Par Is Valid ?

2. Does the failure to publish the

Outlook Is Gratifying-. The American Locomotive company has every right to the advantage of a good year in 1913. In the last four fiscal years It has had but one satisfactory year of net profits, and In 1909, far example, earned but 50 per cent of the preferred dividend. A good year in 1913 would mean two years of satisfactory profits in the past five, and this is a fair average of the generally erratic course of equipment company earnings. The company has in the last four years made-an increase of between 20 per cent and 25 per cent in its productive capacity, and along with this increase has come concentration of production in a fewer number of largo

PUTS An END TO BACKACHES QUICKLY CURES WEAK KIDNEYS

A Few Doses Gives Relief, Helps Lifeless Organs Regain Health, Strength and Activity.

It is useless, dangerous, and unnecessary to be tortured with the digging, twisting pains of backache and rheumatism, or suffer with disagreeable kidney and bladder disorders any longer. The new discovery. Croxone, provides a remedy which every sufferer can nqjedepend upon to promptly and 'a' o rely relieve .alKauch misery and bring about a speedy cure.

Croxone cures these troubles because It quickly overcomes the very cause of the disease. It soaks right Into

the stopped up. Inactive kidneys, through the membranes and linings, cleans out the little filtering glands:

neutralizes and dissolves the poisonous uric acid and makes the kidneys filter and sift from the blood all the waste and poisonous matter that clog the system and cause such troubles. It does not matter whether you have but slight symptoms or the roost chronic, aggravated case of kidney, bladder trouble, or rheumatism that it is possible to Imagine, for the very principle of Croxone la such that it Is practically impossible to take It into the human system without results. Tou will find it different from all other remedies. There is nothing else on earth like it. It starts to work the minute you take it and relieves you the first time you use it, and all the misery and suffering that go wltbauch troubles end.

Tou can secure an original package

of Croxone from any first class drug

gist. All druggists are authorized to personally return the purchase price If It fails to give the desired results the

very first time- you use It.

Jl.5uu.uuu more tnan in 1912. or say a balance for the common of fl0m 5 per cent to 6 per cent. The company is excellently fixed as respect car orders on hand. There is on the books at present at least five months' forward business. As production runs, allowing for slow deliveries of steel from the steel companies. It ia perhaps safer to say that there is six months' production on the order books. The company began its fiscal year on lay 1, 1912, with between three and four months of unfinished business. It was able to get a fair volume of business during the six months to Oct. 31, so that taken as a whole the ten months to March l has shown a larger percentage of capacity continuously utilized tan any year since 1906. Delivery of Material Slow. There have been hampering delays In getting steel and other materials required in car construction delivered on time, and this factor has played its part in holding back production from conslderaly larger totals.

American Car and Foundry In Its

biggest boom year did something over

$100,000,000 of gross business. That figure will not be reached this year.

The company is In very strong po

sition as respects working capital, the

net quick assets running between $19,

000,060 and $20,000,000. Cash position has been especially favorable for the

last two years and the close of the

fiscal year should see cash fund at least as large as the $5,200,000 carried

on April SO, J.

The buying movement in ar which

started lats fall has continued In fair

volume Into this year. January and February, for Instance, saw car orders placed for between 55.000 and (0,000 cars, -the company receiving its fair proportion. - - . The present outlook Is that American

Car will close Its fiscal period with

y f !l J

ordinance, providing for the Increased fee, within the thirty days Decided

by the Proctor lawInvalidate the entire ordinance.

Attorney Kwbank says that several

steps are required before this ordinance can be given live and validity.

(a) It must be voted upon, at two sep

arate meetings. (b) It must be published for two weeks, (c) All or" this

must be done within thirty days from the date of the passage of the Proctor law. Attorney Matthews says that the failure to publish as provided in the

ordinance does not invalidate It. The"

active part of the ordinance, -the provision that the license fee be $500, is valid: the Inactive part, the provision

that the

hereafter be $500, would have been i sufficient. . Attorney Shirts, supporting Ewbank. said that the ordinance stated specifically, "This ordinance (meaning all of it) shall take effect on publication etc." Shirts says the law contemplated that the change should be made In 30 days. He Interprets this to mean that th whole councilmanic act, from the passage of the ordinance to its publication, must be completed in 30 days. And he adds, "The council never did it." Installment Issue. . . 3. Does the provision that the li

cense fee may be paid In two install

ments, which is in opposition to the express provisions of the Proctor law, invalidate the ordinance? ,

Attorney Ewbank claims that it does

whole .case. One the matter of the publication and the other matter of the partial payments indicating that the

case will be decided by him on these two Issues.

Attorney Maathews asesrts that the

failure to publish invalidates only the penalizing clause of the ordinance and

not the provision fixing the fee at $500.

- Attorney Ewbank made the startling statement that the court has the right to assume, under the evidence, that the council did not Intend to increase the license fee to $500 and that It purposely enacted a faulty ordinance so as to prevent an increase.

ordlnanr mn.t v.. m.ktt.u.j

is invalid. But the invalid part of the .1" vlew OI tne ra" al " J ,, ordinance does, not invalidate the live jPP08itlon to the provisions of the bill

part of it. He offers authorities to

show that the courts have so held In other cases. Debate rcaeral. ' Attorney Cravens, supporting Matthews' stand, says that It was not necessary to have an ordinance, but that a simple resolution to the effect that In compliance with the provisions of the

l roctor law that the license fee would

with which the ordinance Is supposed to be corfP'ylns- j Attornejy Matthews asserts that only that provision in the ordinance is In

valid and he adhers to his contention that to invalidate one or two sections of the ordinance does not Invalidate that section providing for the $500 feet.

Becker Narrows Isues.

Judge Becker said from the bench

REPUBLIC IRON.

Mills of Repubflc Iron and Bteel company are operating full and orders show an Increase. Larger bookings are due to heavy demand for steel bars. Earnings are said to be running at the annual rate of 7 per cent on the preferred and over 10 per cent on the common stock. Should . earnings continue to improve. It Is more than likely that cumulative dividends on preferred stock, amounting to about 6i per cent, will be paid off before the

1 that he saw but two questions in the end of the year. .

i -

THE TBTE TEMPLE OF C50I. Mr. C. H. Swingle of Chicago again lectured to a large and interested audience In the K. of P. hall last Sunday. Those present were unusually attentive and expressed their appreciation of the discourse. Mr. Swingle has been with ua a number of times. His thorough knowledge of the . Scriptures and his absolute loyalty to them, coupled with intense earnestness, make his lectures

extremely interesting. Mr. Swingle is

to speak next Sunday at 3 p. m., in the

K. Of P. hall, on the subject: "The True Temple of God." Is it in ancient Greece, or does it stand at Mocca? Was

it the Temple of Solomon' in all Us glory, or that one in which Jesus taught the Doctors?" Is there a man

who can point to one of the great edl-

ficles for divine worship now standing

and say "That is the true Temple of God? or is It a community or sect, a code or creed by which the Lord is praised, and will we ever recognize it that we may worship there? Mr. Swingle will show Sunday that the God of our Bible would not leave those who seek to worship Him In spirit nnd in truth or In ig-norance of the an

swer to these questions. He bas many

y tx I vwn triwow iia list ai jii:4imii 1 " i - - orders on hand for a total of nearly as' Scriptures which will make clear the

many cars as on April 30, 1912. AH this is encouraging In view of the somewhat unsettled conditions ahead for the balance of the 1913 calendar period.

answer to even - tne skeptical ana

agnostic.

K. of P. hall, over the Lion store.

Hammond, Ind.. March 16th, at 3 p. m.

r TTK TT 7T 7 TITl TV T - TV rr . TWt"Z"ZZ"Z"II

New Tailored SUITS For Women Smart tailor-made Suits, with short box coats. Bulgarian blouse and cutaway effects seems most worthy of mention. The decided change in fabrics this season makes these garments more attractive. Also the more conservative styles in plain tailored Suits, all prices at from $15 to $25 New Spring: COATS For Women An extensive showing of the season's most favored styles and fabrics wool and silk brocades, plain and fancy esponges and covert cloth, represented in a wide variety of colorings and prices at $10 to $17.50.

Spring: Suits for Men

English Oxfords, Scotch Mixtures in Tan, Brown, Navy and Grey at prices $10, $12.50, $14.50, $17.50 up to $30. Any of these styles are sold from $3.00 to $5.00 less than in the average store, $1.00 v Per Week Remember, Easter comes very early this year and it would be wise for you to select your newj Spring Outfit now and have he alterations taken care .of before the usual Easter rush we will alter free any garment you might select for a small deposit toward your first payment. You can buy all your Spring clothes and never miss the money, as a payment down and $1.00 per week is all we ask. ALTERATIONS FREE

Large Showing of Spring 1 Millinery, Skirts and Waists.

liberal c

RENT CLOT

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Large Showing of Spring Millinery, Skirts and Waists.

Mnimsis . C,

IEo (Co

Hammond's Greatest Dept. Store

Saturday Sale of Groceries OUR STORE WILL BE OPEN FRIDAY EVENING-. ORDERS TAKEN AT SATURDAY'S PRICES. IF YOU WANT TO SAVE MONEY THIS IS

YOUR OPPORTUNITY.

Kirk's American Family, Fels Naptha or U. S. Mail

Soap, with grocery order

Special price on Karo Syrup, two 10c cans H "7 A for... I C Argo Gloss Starch, three pkgs 11o for. ... I I U

Quaker Rolled Oats.ijEf 3 packages nuU U Fancy New Seeded Raisins, three 1-lb OQp packages. .0"

7 bars

for,

Oriole Corn Flakes, per pkg.

29c

Pancake or Buckwheat Flour, dozen packages 90c 3 packages QQA for. nCOU

l25c Can. of Ruxnfords Baking Powder and 110c canLekko Scouring Powonly . . . . 25c

Gold Dust Washing Pow

der, large package.

Macaroni or Spaghetti,

full pound pkgs, 3 for.......

9 " 18c

22c

BUY THE BEST SUGAR AT THE LOWEST PRICE IN TOWN CRYSTAL DOMINO GRANULATED

A finer, whiter, smoother sugar than

lbSjwhat you have: been using. .-Greafcoi.

erries. cereals, deserts. Sold in germ

It comes to you pure, contains no specks, dirt or dust, no hand touches it, guaranteed weight, will sweeten more than any made.

proof packages only.

With grocery order of 1.00 or more, flour, butter, meat or eggs not ineluded, 10 pounds .

48c

EGGS Strictly fresh, every one guaranteed (not delivered), Olift per dozen I 2b FLOUR Ceresota, the prize bread flour, H-barel sack, 2.59; , D"7rt y4-bbl. sack, 1.32; H-bbl. sack. . . .0 li

MILK Pet brand, dozen small

cans, 47c; per can. ....... Best Quality Peanut But

ter,.per 11p pound I I u

25c

Fresh Made Cottage

Cheese, .

per pound.

Fancy Cream Brick Cheese Armour's Baked- Beans,

Holstein brand, per pound ......

Ripe Solid Pack Tomatoes, doz. No. 3 cans, 1.05; per can. Uu

18c

regular 15c can

for

Log Cabin Mincemeat doz. packages, 90c; OQf 3 10c packages. . . 4LQs

Good Quality Sugar Corn Farmhouse Brand Peas,

or Kidriey Beans,

doz. cans, 83c; can.

sweet and tender,

doz. cans, 1.30; can

BUTTER Elgin Creamery, finest quality obtainable, 00p per pound iHOu BUTTERINE Jelke's Good-Luck, the best in quality, the lowest in price, per pound 1Qn only. I JG

ORANGES Sweet California Russets,

good size, per dozen ,

Fishing Boy Red Salmon, 1-pound IRfi can I Ob New Pack Holland Herring, Milkers, per keg, 79c Mixed, JJQper keg... UuU

Fancy Hand Picked Mich

igan Navy Beans, 3 pounds

Oscar Mayer's Moose

Brand Hams, 8 to 12- lb average, lb . .

11c

17c

Moose 18c

COFFEE Our Minas Blend is a coffee that gives satisfaction wherever sold, special price for Saturday, 4 pounds, 1.05; OTf per pound ..... - f v APPLES Fancy Willow Twigs or CRISPO CRACKERS Fresh from

Winesaps, every apple perfect, Q"7 a the ovens foiir packages 1 Kft

Uib tor IOO

per peck .

Chocolate Coated Easter Eggs, large size, Oftf doz., 10c; per lb. . . JJi

Easter Candy and Fish Sale

GOLD FISH SALE

Finest . Quality Easter Eggs, marshmallow cen-

10c

ters, all sjzes, per pound

Fancy Imported Walnut Meats, all halves, A 4 per pound rjt I U

2 odd Size Gold Fish, 1 Fish Bowl, plant, food and

pebbles, all, for , .

15c

All Our 40c Hand Dipped Chocolates, special JJJft for Saturday, per lbtI0G A limited number of Easter Baskets, containing an asortment of Eggs, while tcaek.a.S.t:.........10C

Buttercups, with cocoanut centers, an extra fine confection, 1 flf per pound ......... UC