Richmond Palladium (Daily), Volume 45, Number 233, 10 August 1920 — Page 12

PAGE TWELVE

THE RICHMOND PALLADIUM AND SUN-TELEGRAM. RICHMOND, IND., TUESDAY, AUG. 10, 1920.

CHANGES IN PENSION LAWS FOR TEACHERS ARE RECOMMENDED Richmond teachers learned Tuesday of radical changes in the Btate teachers retirement fund law, -which will be presented for consideration at the next regular session of the legislature, approved by the Bpeclal committee on pension legislation appointed by L. N.

Hines. state superintendent of public Instruction. Members of the committee, meeting with the teachers retirement fund toard, outlined the main provisions of the proposed new law and made plans

for presenting the question before the

teachers of the state at county teach-

ers' Institutes. Plan State-Wide Law.

The most Important feature of the revision program Is the provision to make the pension law state-wide. Under the present pension law there

are 44 pension units in the state, distributed among 25 cities, 16 counties and three Btate institutions, and par

ticipation of teachers in the fund Is voluntary.

The proposed change in the law I would make it compulsory for all ' teachers entering the schools of the state after the law becomes operative.

There are approximately 20,000 teachf ers In the Btate. and if the new proposi al Is enacted into law the admlnistraf tlon of the fund will become one of

tbe important departments of the state government, according to officials.

Agree on Revisions. The proposed revisions of the law,

agreed upon by the conferees today, are as follows:

1. That it be made state-wide ex

cept for cities already working under

special teachers' pension legislation.

2. That it be made compulsory on

all teachers entering the service of the schools of the Btate after the law be

comes operative.

3. That assessments paid in by the

teachers teaching in the state for less

than five years be retained by the fund. 4. That the minimum term of service required for sick or disability benefits be lowered from 25 years to 10 years. 5. That the minimum term of service required for voluntary retirement

be lowered from 35 years to 25 years, with annuities adjusted to added years of service. 6. That such changes be made in assessments upon teachers and in contributions by the state as will place the law upon an actuarial basis, with effort to keep payments same as the present. Interest To Be Compounded. 7. That 4 per cent compound interest be credited on all assessments paid into the fund by teachers, and that all such payments, when returned to teachers under the law, be returned with compound interest accumulating. 8. That in case of the death of a teacher before she has received any annuities from the fund, the assessments paid in by her, together with the proceeds from same, shall be

'turned over to her estate or legal

heirs. . l An annual pension of from $600 to $900 is proposed for retired teachers under the new plan.

Registration Closes At Oxford For Next Year; Lack Many Rooms OXFORD. O-. Ag. 10. Dr. Eleanor N. Adams, president of Oxford College for Women, today announced that registration for the coming year had been closed; that the institution could book no more young women unless additional rooming facilities were provided by the trustees. This situation seems to prevail at the other twq educational institutions of the town. Miami university has not as yet secured rooming accommodations for all the young men who have

registered, though it is believed that the citizens of the town will open their homes when the time comes, and take in the boys. The Western College for Women, according to present indications, will be crowded. Sellers to Teach. Albert E. Sellers, of Middletown, has

been secured to teach the higher grades in the public schools of Darr-

town, a hamlet five miles east or this village. Morning Sun Pastor.

The United Presbyterian church of

Morning Sun, a hamlet in Preble county, six miles north of here, has Issued a call to Rev. Edward A. Dow

ney, D.D., of Philadelphia, Pa. The town of Morning Sun is situated in a

rich farming community, and the mem

bers of the church are, for the most part, very wealthy. " Sloane-Rose Wedding. Dwight A. Sloane, a prominent young business man of this village, son of the late A. F. Sloane. for many years mayor of Oxford, was today married to Miss Anne Luella Rose at her home near Smlthfleld, Jeffersqn county, O. Miss Rose formerly was a teacher in the high school of this village. Miss Jennie Wood, daughter of Mr. and Mrs. Arthur Wood, living north of town, was yesterday married to Benjamin L. Music, of Middletown. The ceremony was performed by Rev. S. R. Jamieson, of the United Presbyterian church, in the presence of about fifty friends and relatives.

Foreign Trade Financing Organization Is Urged (By Associated Press) NEW YORK. Aug. 9. The organization of a foreign trade financing corporation on lines indorsed by the American Bankers' association and the selection of John McHugh, New York banker, as chairman of the board of directors of the corporation, are urged by the Administrative Committee of the American Bankers' association in a resolution made public today. The purpose of this corporation will be to maintain and develop foreign markets for American products, according to a statement issued here by William F. Collins, secretary of the association's Commerce and Marine committee, of which Mr. McHugh is chairman. With "amply sufficient" resources

and an efficient personnel, the statement continued. It is planned to enlist co-operation on a "wide and effective" scale by banks of the country, exporters and Importers, manufacturers and producers generally. The capitalization of the proposed corporation may be $100,000,000, it was said and the tentative date for its organization is January 1, 1921.

A farm sale ad in The Palladium will bring the crowds.

HIT

Aug. 9th to 14th

"LOVE NEST"

(Tuesday)

Art Hickman's new record of "Love Nest went on sale today and whether or not you own a phonograph, we want you to just stop in and hear it. The number is 2955.

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Wristlet Watches Watches worn on the wrist have become a fixed institution with American ladies. It's simply a matter of kind that interests them when choosing. Buy tbe Better Grades No longer are the cheaper grades wanted. Most women even young girls want wrist watches that are not only dependable but a credit to the wearers taste and judgment Nowhere will you find a better selection of desirable watches than here. CHARLES H. HANER

Jeweler

810 Main St. Glasses Fitted

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MP &r flwisl Ik Sale !J ' W (Wandwhv j

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A FUR SALE in Summer seems strange to many folks. They think it odd to buy furs "out of season," f orgetting' t that the season of usefulness need not govern the period

of purchase.

"When to Buy?" has no relation with "When to Wear?'

Practical economy is the governing factor.

Our stock is purchased far in advance of the season. In no other way can our customers be given the benefit of choice selections from a large assortment in styles and pieces. Selling in advance of the season greatly reduces the cost of carrying goods in stock and permits a decided saving to our customers. Reducing prices during inactive sales periods is a distinct benefit to all. The prevailing prices at our August Fur Sale is ample evidence of this fact Bargains are available now that will be out of the question this Fall and Winter. The discriminating shopper will make no mistake in looking at our wonderful display of choice pieces in the latest styles of the moment. Hudson Seal Coats, French Near - Seal Coats, Russian Pony Coats, Sealine Coats, Kitt Coney Coats, Marmot Coats, Bay Seal Coats, Separate Scarfs, Chockers, Capes, Coatees, Muffs. All Furs 20 Less than Regular Price

From Aug. 11th to Aug. 31st

flhtJana,

For Over 50 Years Richmond's Most Reliable Fur Merchants

A Small Deposit Will Hold Any Article Until Wanted

AtFeltman's

SHOE SALE Take Your Choice of the House in FINAL CLEAN-UP

J. & K. BROWN MILITARY HEEL OXFORDS in light weight calf or kid, the best make in the store; formerly sold at $12.50, $13.00 and $14.00. Closing out Thursday at

$7.95

HIGH HEEL OXFORDS and PUMPS Your choice of any style in the store regardless of cost. Includes value3 up to $14.

Now-

$6.95

CHILDREN'S PLAY SHOES Plenty of time to wear another pair thl3 season. While they last

$1.45

MEN'S HEYWOOD OXFORDS Brown Calf Oxford or medium toe, the very best material, $13.00 values, now

$8.45

HEYWOOD "FOOTFORM" LAST Made to conform with out Tramp Last. This is soft, pliable kid with good soles. Buy them now at-

$8.45

Feltman's Shoe Store- . The World's Largest Shoe Dealers 35 Stores 724 Main Street

AUGUST CLEARANCE SALE at

THE FRANKLIN Air cooled the practical year 'round Motor Car J. B. CHAPMAN, Dealer Arrange for demonstration at Geo. Worley Garage 15-17 S. 9th St.

BATTERY NEED RECHARGING? All Work Guaranteed PARAGON SERVICE STATION Watson and Moore

1029 Main

Phone 1014