Richmond Palladium (Daily), Volume 39, Number 262, 14 September 1914 — Page 3

FHE RICHMOND PALLADIUM AND SUN-TELEGRAM, MONDAY, SEPT. 14, 1914

PAGE THREE

BAVIS BREAKS

WITH W. BOND ON LIGHT FUND

LATE MARKET NEWS

Edited by A. D. Cobb, Agricultural Expert.

Board of Works President and City Attorney Split Over Sinking Fund of Surplus Earnings. Despite, the statement made SaturBay by City Attorney Bond that it Would be a mistake to place all the (lurpluB earnings of the city light plant n the light plant sinking fund for the prompt accumulation of an kmount sufficient to retire the plant's ponded indebtedness, $139,000, Preslflent Bavis of the board of public fc-orks today came out in advocacy of luch proceedings. Mr. Bavis says that by January 1, .1916, there could be $100,000 in the plant sinking fund, and that it would then be unnecessary to add any more lo it, because at 3 per cent interest this fund when the bonds fall due In 1927, eleven years later, would total the necessary amount. There is Bow $30,000 in the sinking fund. Beginning January, 1916, Bavis would place the plant surplus in the city's eneral fund. "I am not surprised that Mr. Bond has taken such a view of this question," said Mr. Bavis today. "The board has great respect for Mr. Bond's views, and his keen sense of analysis when it comes to defining law, but unfortunately this idea in regard to providing the necessary sinking fund as promptly as possible to take care of the light plant bonds originated with

the board of public works, and Mr. Bond has demonstrated heretofore his Unalterable belief that 'nothing good can come out of Nazareth.' "Mr. Bond believes whatever surplus might be obtained from the plant operation should be in the form of reduced rates for its patrons. He seems to forget that only such reductions ere admissable as will permit the Light, Heat and Power company to make a reasonable profit on its investment." I take the position that the company is entitled to a fair and reasonable profit on a fair and reasonable valuation. "We have at the present time $30,000,000 in the sinking fund of the light plant, and by depositing $70,000 additional from the surplus between this end January 1, 1916, this amount will accumulate at 3 per cent compound Interest to $145,983.05 in the eleven 5-ears of the funds' existence, or til 1927, when the bonds fall due. By their arrangement the sinking fund will earn toward the payment of its own debt, $45,983.05; by depositing $7,920 a year as we are now doing, we will deposit $87,120 or $17,120 more than wauld be deposited if the $70,000 was fctdded to the present sinking fund. "The $70,000 would represent one End one-half years surplus and can be rovtded by January, 1916, additional to the new unit required next year, which would give 11 full years of intertest earning period. Section 27, of Public Service Commission law provides for any public utility entering into a reasonable arrangement with its customers or consumers for the division or distribution cf its surplus profits. I fail to see why the accumulation of profits for a purpose that will avoid a bond issue and the consequent increased tax rate will cot be equally as beneficial to the consumers as a reduced charge for its current for lighting and power, even if euch a reduction was permissable. Of one thing I am sure, its beneficent effect would be extended to the entire city. My recommendation would be to begin making preparations, under euch an arrangement to enable the city to carry out a plan of sewage disposal which in 5 years it would be in a position to do without adding one cent to taxes and without the issue of b bond. "When that time comes, as come it Xnust, $250,000 will have to be provided; What better plan can be suggested to reward the people for their loyalty to the light plant, than by having it provide for this extraordinary emergency? "We stand number two in the list tf lowest charges for electric current, Anderson being the only city in the fctate that gives a lower rate. "Anderson enjoys a monopoly of Utilities, both electric and water, therefore is not compelled to provide such a schedule as will admit of a competitor making a profit, as a result, her schedule is lower and she has the phenomenal distinction of having a 65 rent on the $100 valuation tax rate."

CHICAGO GRAIN Furnished by Correll and Thompson. I. O. O. F. Bldg. Phone 1446. WHEAT Open. Close. September . 102 December 110 105 May 1186 111 CORN September 77 75 December 72 70 May 75 72 OATS ', September 44 December 50 46 May 53 49 CHICAGO WHEAT CHICAGO, Sept. 14. Wheat: No. 2 red $1.031.08, No. 3 red $1.02 -.07, No. 2 hard winter $1.021.07, No. 3 hard winter $1.021.06. Corn: No. 2 7879c, No. 2 white 796 80c, No. 3 white 7777c, No. 3 yellow 7777c, No. 4 white 78 79 Vic, No. 4 yellow 76 776c. Oats: 4748c, No. 4 4647c, Standard 4546c. Clocerseed: Cash 4748c. CHICAGO LIVESTOCK UNION STOCK YARDS, 111., Sept. 14. Hogs: Receipts 3 2,000, market 10c lower, mixed and butchers $8.40 9.50, good heavies $8.909.35, rough heavies $8.208.85, light $8.759.50, pigs $8.358.65, bulk of sales $8.50

9.15. Cattle: Receipts 21,000, market

10c lower, beeves $7.40 11.00, cows

and heifers $4.009.75, stockers and feeders $6.408.25, Texans $7.508.85, calves $9.5011.50. Sheep: Receipts 30,000, marKet strong, natives and westerns $3.005.80, lambs $5.50 8.00.

RECEIPTS OF STOCK SHOW BIG DECREASE

Receipts of livestock at the Glen Miller stockyards last week were below normal. Many farmers are now busy preparing for wheat sowing, and took advantage of the cool weather to get as much of the heavy work done as possible. Deliveries for the week were as follows: Hogs 298 Cattle 40 Calves 41 Lambs 48 Farmers having stock on the market were: R. Nichols, John Bench, O. Cranor, A. Lindley. A. Worl, C. Duke, O. Young, James Newman, Ora Wright, Orval Martin. D. E. Hinshaw, Ora Johnston, J. R. Stewart, O. Piatt, John Drescher, D. Gard, Elmer Kendal, J. E. Hannah, J. Thompson, William Barton, Charles Deitemeyer, W. B. Stone, Cal Brown, B. Isenberg, Bert Hodgin, George Paulson, A. C. Hurrell, William Flatley, William Clark, O. Boner, E. Timmpns.

EAGLES HOLD DEDICATION OF NEW BUILDING

RICHMOND

MARKET

CINCINNATI LIVESTOCK CINCINNATI, O., Sept. 14. Hogs: Receipts 4,000, market slow, packers and butchers $9.259.35, common to choice $5.758.25, pigs and lights $5.259.35, stags $4.757.25. Cattle: Receipts 3,400, market slow, steers $5.509.00, heifers $4.758.00, cows $3.656.75. Sheep: Receipts 1,400, market strong, lambs stead, $5.50 8.60.

INDIANAPOLIS LIVESTOCK INDIANAPOLIS, Sept. 14. Hogs: Receipts 3,000, market 5c lower, best hogs $9.50, heavies $9.259.40, pigs $8.509.0O, bulk of sales $9.309.45. Cattle: Receipts $9.50, market weak, choice heavy steers $9.5010.25, light steers $8.759.50, heifers $7.509.00, cows $6.257.50, bulls $6.757.25, calves $7.0012.00. Sheep and lambs: Receipts 500, market weak, prime sheep $4.50 5.00, iambs $7.508.00.

AUSTRIA SUMMONS 175,000 RESERVES

VINENA, (via Berlin and Amsterdam), Sept. 14. Austria is straining every resources to check the Russians along the Galician front. A call was issued today summoning to the colors, the reservists of the classes of 1893 and 1894. These are youths of twenty and twenty-one. In this manner 175,000 more troops will be raised. If necessarv. the

classes of. 1895 and 1896 will be called!

(at this point three parts of the dispath were rendered unintelligible by the censors deletions). This is the first dispatch that has come directly from Vienna indicating that the Aus-

PITTSBURG LIVESTOCK PITTSBURG, Pa., Sept. 14. Cattle: Supply 130, market slow, 1015c higher, choice steers $9.259 60, prime steers $8.909.15, good steers $8.50 8.90, tidy butchers $8.2258.85, fair $7.75 8.i.0, common $5.50 7.00, common to fat bulls $5.007.10, fresh cows and springers $50.00 80.00, veal

calves $12.0012.50. Sheep and lambs: Supply 20, market sheep steady lambs 1015c lower, $8.009.00, prime wethers $5.806.00, good mixed $5.505.80, fair mixed $4.705.35, culls and common $2.003.50, lambs $6.008.50. Hogs: Receipts 40, market slow, prime heavy $9.50, mediums $9.60 9.65, heavy yorkers $9.609.65, light yorkers $9.259.50, pigs $8.509.00, roughs $8.508.75, stags $7.507.75, heavy mixed $9.55.

TOLEDO GRAIN. TOLEDO, Sept. 14. Wheat: Cash $1.05, September $1.05, December $1.09, MTay $1.17. Corn: Cash, 7914, September 78, December 72, May 75. Oats: Cash 48, September 47, December 50, May 52. Clover seed: Price new $9.70, October, $9.80. December and March, $9.85. Rye: No. 2, 92. Alsike: September $9.50, December $9.25, March $9.45. Timothy: Prime $2.70, September $2.70, October $2.72, December $2.75, March $2.85. trian armies in Galicia were hard pressed. Recruits are being sent to the front so rapidly that many are not fully outfitted. Some are still in civilian clothing.

LIVE STOCK GLEN MILLER PRICES Daily Market Report of Glen Miller Stock Yards. Phone 3744. HOGS. Market steady. Best hogs l. $8.85 Light yorkers, 120 to 140 lbs $8.008.75 Heavy bows $8.00 CATTLE. Market steady. Choice heavy steers $7.85 Light steers $6.50 7.00 Heifers $5.007.00 Cows .$4.006.50 Bullls $5.007.00 Calves 99c SHEEP AND LAMBS. Market, steady. Prime sheep 4c Spring lambs 66c Clipped sheep 2c3c PRODUCE (Corrected daily by E Cooper. Phone 2577.) Old chickens dressed paying 20 to 22c; selling 25c to ZSc. Young chickens dressed, paying 25c, selling 35c. Country butter paying 15 to 25c; selling 25 to 30c. Creamery butter, selling 35c. Country lard paying 11c; selling 15c. Eggs paying 22c; selling 25c. FEED QUOTATIONS Timothy hay, paying $16. Straw, paying $5. Oats, paying 38c. Corn, paying 80c.

Red clover seed, paying $10.00 bu. Timothy seed, paying $2.50 bushel. Cracked corn, .selling $1.85 bushel Bran selling $29 ton. Middlings, selling $29 ton. Chop feed, selling $1.60 cwt. Corn meal, selling $1.50 cwt Salt, $1.40 barrel. GRAIN MARKET (Corrected daily by Richmond Roller Mills. Phone 2019.) Wheat paying $1.00, oats paying 40c, corn, paying 80c; rye, paying 80c; bran, selling $28 cwt.; middlings, selling $30 cwt. COAL PRICES. (Quotations corrected daily by Hackman, Klefoth & Co. Anthracite nut, $8.50; Anthracite No. 4 and egg, $8.25; Pocahontas lump or egg, $5.50; Pocahontas mine run, $4.50; Pocahontas slack, $4.00; Jackson lump or egg, $5.75; Winifred, $4.75; Jewel, $5.00; Tennessee, $5.25; Hocking Valley, $4.50; Indiana, $3.75; coke, $7.00; Winifrede Washed pea, $4.00; nut and slack, $3.00. A CARD OF THANKS. We wish to extend our heartfelt thanks to the neighbors and friends for their kindness shown us in the death of our dear mother, Mrs. Marie Louisa Libbert, and also to the Wayne Works moulders and core makers for their beautiful floral piece. From the Children and Grandchildren. 14-lt

Thousands Visit Beautiful Lodge Home During Reception Previous to Ceremonies and Ritual of Order The good impression . left with thousands who were guests at the Eagles' new home Friday, Saturday and Sunday is regarded by them as indicative of even greater success in the future than in the past. The fact that thirteen candidates were initiated on September 13 is taken as significant of good luck.

It is estimated that there were more

than five thousand persons in the building in the three days. There were about two hundred eagles from aeries outside of Richmond. The dedication services in the lodge room yesterday afternoon, which was for Eagles only, were attended by

about eight hundred, besides the crowd which remained in the building but did not hear the addresses. Bucher Detained. Mayor Robbins, who is an Eagle, made the first address. His topic was the local effect of the Eagles fraternalism. Following the mayor, Dr. Bucher of Dayton was to have spoken, but he telegraphed from Dayton that he could not be present. Patrick J. Lynch of New Castle made the principal address of the evening. He told how the Eagles' lodge was founded and traced its history from that time to the present. The initiatory work was then started, and thirteen candidates were taken into the order. Following the work, members gave addresses, instructing the new members in the fraternalism of the order. Among those who talked were Clarence Niptzgn and Harry Fink of Dayton, William G. Beatty of Cincinnati, representative in the Ohio State legislature; P. J. Farrell of Logansport, Charles Schaeffer of Connersville, and other from out of the city. Dr. Bulla Talks. Dr. Bulla, chairman of the building committee, which has done the work in bringing about the erection of the

new home, made a short address, telling the other members of the difficulties which were encountered and the hard work which was required to carry out the duties of the committee. Henry Schroeder of Wayne aerie, concluded the program. The cities represented Sunday were Cincinnati, Dayton, Connersville, Indianapolis, Greenfield, Terre Haute, New Castle, Anderson, Hamilton, Fort Wayne, Logansport and one of two others.

The smallest Eagle in Ohio, Edward Sauer of Cincinnati, was present. He is less than five feet tall, although normal physically. The degree work was given by the Eagles initiation team, which has competed successfully in state and national drills. After the work a smoker was held and refreshments were served. Lodge night Saturday was one of the most successful lodge events in the city of Richmond. Every lodge and and recognized fraternal organizaation was represented. Every room in the building was crowded. The dance hall was a most popular place. Music was furnished by Renk's orchestra. Until a late hour last night Eagles remained in the building and fraternalized. When the building was emptied the dedicatory services were completed. The Eagles are gratified with the degree of success attained in their efforts.

HEW PARTY NAMES COUIITYJOUIICILMEII Lee Nusbaum, Selected, Declines to Make Race For Officer at Large. At a meeting of the Progressive county central committee Saturday, the seven candidates for county councilmen were nominated. They are: Councilmen C. B. Hunt Richmond; F. M. Jones, Milton; Nathan Colvin, Centervllle, and Hugh Allen, Hagerstown. Councilmen-at-Large Lee B. Nusbaum, Richmond; Richard Davenport, Richmond, and Park Gipe, East Germantown. Mr. Nusbaum said today it would be impossible for him to accept the nomination and would tender his resignation. It is not known who will be nominated to succeed him. County Chairman Clifford Price said today that he was daily receiving most favorable reports concerning the candidacy of Elbert Russell of this city. Progressive candidate for congressman. He also said that District Chairman Roberts of Greenfield had also told him that Mr. Russell was making a most favorable impression on the voters of the sixth district and that the chances for his election were excellent Much interest is being taken in the Roosevelt meeting to be held at Indianapolis, September 26 and plans are being made to send a large delegation of Wayne county Progressives to the capital city on that date. Chairman Price will also ask the State committee to arranen tv tinvA

Col. Roosevelt speak in this city if it is possible for him to do so. This is not regarded probable, however.

HEW LEADERS OPEN YEAR FOR PASTORS President Huebr Names Com mittee to Conduct Routine Work of Association. , The new officers of the ministerial association took their offices today and the work for the next year -was opened. Committtees -which will carry on the permanent work were appointed. There waB no program and on acount of many ministers being out of the city, the attendance was not as great as the average. The Rev. Conrad Huber succeeded Rev. Murray S. Kenworthy as president. The Rev. Mr. Murray succeeded Rev. Howard as vice president. Rev. C. Raymond Isley is succeeded by Rev. E. E. Davis as secretary but acted today because of the absence of Rev. Mr. Davis. The matter of fixing meeting dates was brought up. The association formerly met every Monday. Later the plan was changed to the second and fourth Mondays of each month. It is probable that weekly meetings will be adopted at the next session. The next meeting will be two weeks from today. The committee just appointed are: Good Citizenship M. S. Kenworthy, S. Billbeimer, U. S. A. Bridge, H. S. J&TH6S Evangelistic B. E. Parker, S. R. Lyons, E. Minter, C. E. Tebbetts. Associated Charities E. G. Howard, Prof. Giles, Elbert Russell, G. C. Sampson. Lord's Day Observance W. O. Stovall, F. C. Anscombe, Truman C. Kenworthy. Program Addison Parker, C. Raymond Isley, A. Trueblood. Press Ellis M. Learner. J. F. Light-bourn.

WARN RESIDENTS O F AUTUMN FIRES With the season of the year rapidly approaching when all grates, stoves and furnaces will again resume operations both Fire Chief Miller and Building Inspector Hodgin issued warnings to householders to take precautions to guard against fires. They advise that all chimneys be thoroughly cleaned before the cold weather seta In. The moat common origins of fires are dirty chimneys and defective flues.

How She Acquired "Feminine Charm1

A nicely-dressed woman sat beside me in the train. Everyone stared at her. It was not her beauty of feature that held our eyes, nor her costume. But there was something about her face and expressionI risked it and asked: "Would you mind telling me how you keep your complexion so dazzlingly pure? Don't think me impertinent, but you seem over 30, yet haven't a line in your face, and your cheeks are quite peach-like. How do you do It?" , Laughing, she said: "That's easy; I remove my skin. Sounds shocking, doesn't it? But listen. Instead of cosmetics I use only pure mercolized wax, procurable at any druggist's. I apply this nightly, like cold craem, washing it off mornings. This gently absorbs the soiled, weather-beaten film-skin, without pain or discomfort, thus revealing the fresh, clear underskin. Every woman has a beautiful complexion underneath, you know. Then, to ward off wrinkles I use a face bath made by dissolving powdered saxolite (one ounce) in one-half pint witch hazel a harmless astxifi5t which 'tones the . skin wondtrjlly. Very simple, isn't it?" I thought so. I'm now trying her plan and like It immensely. Milllcent Brown In The Story Teller. (Advertisement) ,

ECHOES OF DUMP FIGHT IN BOSTON

The din and shouting for and against the converting of the West Richmond dump into a city park has been heard as far east as Boston, Mass. Today City Clerk Bescher received a letter from George H. Miller of Boston, landscape architect, requesting that he be employed to superintend the construction of the proposed park.

Laims At Legal Rate 2 Per Cent Per Month on Household Goods, Pianos, Livestock, Etc., from $10 to $250. Home Loan Go. 220 Colonial Bldg. Phone 1509, Richmond Indiana.

FIR WAI MY

QUAY

(UPLAND HAY) A Good Feecil and a Money Saver 's. Gett Oop IPi-Eces III Pays mnKBir (S0 WEiMsiim

PHONE 1679

31-33 SOUTH 6TB STREET-

Along the River of Doubt there are multitudes in perplexity as to the cause of their headaches, biliousness, sleeplessness, heart flutter, nervousness, etc. ills that constantly interfere with personal comfort and success. There are others who have learned that coffee with its drug:, caffeine, is very often the cause of these troubles, and that a sure, easy way to escape such discomforts is to quit coffee and use

IP (TO

Dure deliehtful food-drink made entirely of what and a bit of molasses. It is abso

lutely free from the coffee drug, caffeine, or any other harmful or comfort-destroying ingredient. Postum now comes in two forms. Regular Postum must be well boiled. 15c and 25c packages. Instant Postum a soluble powder. Made in the cup with hot water. No boiling required. 30c and 50c tins. Both kinds are delicious, and the cost per cup is about the same.

Grocers Everywhere Sell POSTUM

Will America Carry Her Bwden? GREAT BRITAIN and Europe, where productive industry has been paralyzed, have mouths to feed, bodies to clothe, constructive operations to carry through, and a thousand-and-one wants and needs to be satisfied and Great Britain and Europe look to America in confidence for much of the needed' supplies. It were folly for United States manufacturers and merchants to be down-hearted during these terrible times in Europe. A great burden a great duty a great responsibility has been imposed on American manufacturers, merchants, bankers and workers. Shall we shirk this burden, this duty, this responsibility and fail to reap the opportunities? What's The Answer? American Newspaper Publishers Association.