Richmond Palladium (Daily), Volume 92, Number 289, 5 December 1922 — Page 3

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., TUESDAY, IffiC. 5, 1922.

PAGE THREE j

GGSTS OF OPERATING, 111 nniir rnnn nrnnr

. iiiuuiiiLrnumurnuc

i BUILDINGS INCREASE

(By Associated Press) CHICAGO, Dec. 5. Cost of operation as well as the Income derived from office and mercantile bnlldmgs was on the up-grade during 1921. as compared with 1920, according to a purvey Just completed by the National Association of Building Owner3 and Managers. Taxes, depreciation and Insurance accounted lor the increased operating costs. - Comparison of 75 buildings which contributed to the survey of 1920 and 1921 shows an increase in operating expenses of 2.2 per cent, an increased income of 10.4 per crnt. The report for 1922 is from 152 buildings located in 47 different cities Including New York. Chicago. Cleveland, San Francisco and Seattle. The report shows that rents range from 80 cents per square foot for loft buildings to $4 per square foot for the highest type of office building, with a mean average of $1.90 per square foot It is explained that while this average is less than the prevailing market price for office buildings, this fact is due to long time pre-war lists made at low rates. Average of Valuation The tax valuation of land and build

ing averages $9.95 per square foot, ac

cording to the report. The average

relationship between the total tax val

uation and rent shows the latter to

be approximately 19.30 per cent of the total tax valuation. The average net

return is 7.39 per cent of the tax val

uation, and in realty, 5.9 per cent earning for office buildings. The highest

net income reported was from Oklahoma, due to apparent low land valu

ation, says the report.

Among the factors increasing oper

ating costs were increases in repairs

and alterations, insurance, taxes, de

preciation and fixed charges. Little Rock, Arkansas, has the lowest tax rate, 1.57 per cent, with Cleveland. O..

the highest, 3.55 per cent and Chicago

a close second with 3.27 per cent, the

report snows.

Heating is an important factor In

building costs, the report showing an average of 83 pounds of . steam per square foot must be furnished during

the year, costing on an average 7.6

cents and consuming 17 8 pounds of

coal.

PARENT-TEACHER

NEW "l-MAN BLOCSEEN IN CONGRESS

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Senator "Jim" Couzena. 1 , There's a "one-man bloc" coming to the United States senate in Washington in the person of "Jim" Couzens, millionaire mayor of Detroit for several years. He has just been appointed to fill the vacancy from Michigan caused by the resignation of Senator Truman Newberry. Couzens has been dubbed the "one-man bloc" because he is one on whom neither the democrats, the republicans nor the progressives can denend for sunnort

as a constant quantity In legislative

.programs.

a pareni-ieacner association is a

voluntary partnership of parents and

teachers and others whose object it is to surround little children with the

environment most favorable for their

'development.

This organization brings parents

ana teachers together to study child

life in regard to care and proper guidance in the home, in the school,

ana in the community.

It alms to co-operate with educa

tional institutions intelligently; T&,

worK lor public welfare with regard to health, morals, playground facilities, children's courts, mothers' pensions, etc. What would It. mean to the children and the schools of the United States If every school would have the co-operation of a wideawake, progressive parent-teacher association? In the state of California there are more than 1,100 of these organizations connected with the public schools, with an individual membership of over 53.000 parents and teachers. State Superintendent Wood, of California, says of the movement: "I believe in the Parent-Teacher, associa

tion because of the good It has done and the good it promises to do. An association of mothers and fathers

deeply interested In the school Is cer

tain to Improve not only ' the school,

but the enure community. Our Par

ent-Teacher associations are little democracies devoted to the advancement of the interests of boys and girls. I am deeply gratified by the growth of Parent-Teacher associations throughout the state during the last three or four years. Ere long we shall realize our aim to have a Parent-Teacher association in every community." This Is the testimony of the state superintendent of public Instruction In the state having the largest membership. In the United States there are now more than a half million members in

PASSION PLAY LECTURE IS LARGELY ATTENDED

A large audience attended Mrs. M. F. Johnston's stereopticon lecture on the "Passion Play." at the First Presbyterian church Monday night. Mrs. Johnston stated that there are no hotels in the little town of Oberammergau, and that she, with others of her party, partook of the hospitality of the natives, when she saw the famous play thl3 year.

The pictures shown were of extreme

beauty, being in colors and each set

ting was carefully and clearly ex

plained by the lecturer. Of especial beauty were the landscape portrayals

df the beautiful little town of Oberammergau located on the plain with

massive mountain surroundings.

The musical program of the evening

was furnished by the quartet of the church accompanied by Miss Marjorie

Beck, church organist Miss Beck also

played some special numbers.

M. E. church, of Richmond, gave a

talk during the morning session on the

subject, "The 1 Will Maintain Victory Our Next Benevolence Goal."

Rev. E. I Gates, pastor of the Third M. E. church of Richmond, spoke at

RICHMOND MINISTERS

ON DISTRICT PROGRAM

RED KEY, Ind., Dec. 5. Rev. R. W.

Stoakes, pastor of the First M. K. church of Richmond, was one of the principal speakers at the afternoon session of the Richmond district Set

tlement Day meeting held here Tues

day. His subject was "Church Train

ing and Evangelism. Richmond Methodists were represented by all of

their pastors who were all on the pro

gram of the day.

Rev. A. H. Backus, pastor of Grace

parent-teacher associations. There are

organizations in every state.

Where does your state stand on the

list? Can you afford to let othe

communities progress while yours stands still? Why not have a parentteacher association in every school by

1924?

Call the parents together with the teachers in the school house and see what can be done to make your school

district the model for your state. Com

municate with other organizations in your state and find out how they do

it; exchange experiences; co-opejate;

work together for better citizenship, because the children of today are the

citizens of tomorrow.

the church luncheon at xtoon on "District Solidarity." The Rlaf. Dr. Somer. vflle Light of Richmond, superintendent of the Richmond district, presided at the sessions of the ilay. District settlement day Is the day

set aside by the Methodist Episcopal ministers of the district for the allowing of all financial claims against the general church funds held by pastors and others.

JUGO-SLAV. CABINET RESIGNS 1 BELGRADE Dec. S.Tn jniistry headed by Premier Nikola Pa'cWtch resigned today. The king accepted tht resignation and asked the ministry t carry on until a new cabinet is formed

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CHEVROLET HTPo $193.00 Down Balance J34.61 per month. E. W. Stetahart Co. 10th & Sailor Stt. Phone 2955

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The biggest line of Dolls in the city. Priced at

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Doll Carts Extra fine values. Ours are priced at $2.90 up hpjLTnovsl

FATIMA

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Do You Need -Xmas Money? Call, Write or Phone PRUDENTIAL LOAN & INVESTMENT COMPANY 20 S. 8th St Phone 1727

They Game, They Saw, They Bought "If people bought your goods, they must ( have seen them. "If they saw them they must have come into your store. "If they came into your store "They must have read your ads in the 'Christmas Gift Suggestions' column of The Palladium's Alphabetical Classified Section." That's the wy a good many Christmas stories will run this year. !

At Kennedy's

1 -i Just received another - bPR2b ' - ' . "" shipment of those J!k-!T ..plain-colored yif that we offer special UcvTV,' j V this season at VfV : j?'A IhSfJT ' " Other Vcoat Sfft Ml' Values :im?frj - of superior quality 1 and make y ;; , ' - . $18.00 and up v p ' "

803 Main Street