The Daily Banner, Greencastle, Putnam County, 1 January 1929 — Page 12

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THE GREENCASTLE DAILY BANNER, TUESDAY, .lANDAI^

NEW CHURCH TO BE READY IN NEW YEAR

■“ *

where business made notable gain'

))!'te l, will be one of the finest in during 1928 are Anderson, Kokomo, the middle west and will cost upward ' Fort Wayne, South Bend, Muncie

SKVKKAI (M ISTAMl'Nt; \ 1)1)1111>ns in m sim:ss distkkt 1)1 It* \ (i ) EAR OK 1928. koi i: i ikms i;m i;k iiklu J. t . Penney ( ompany, G. ( . Murphy ( o.. Insull •nter.'-t; and Livingston and Hollowdl in City. One of the laige-t liuilding projects for (ireencastle for the new year of 1929, will be the completion of the Methodist Kpi-copal church, on the northeast corner of the campus of DeJ’auw Univer.-ity. The church was started lust fall, and th< walls an rising steadily during the winter m nths. It promises to be ready for occupancy early in

of *:!00,000, it is stated.

'1 he new church was made possible through the co-opefation of DePauw University and the church, and is the result of untiring effort and work on the part of Dr. C. Howard Taylor,

pastor of the church.

IJISIVKSS IN INDIANA.

Evansville, and Marion. Include! among smaller cities which advance are I.aPorte, Elkhart, Peru, Bluffton Hartford City, Kendallville, Bloomington. Kushville, Columbus, Connersville, Greensburg and Wabash. Factors which influenced progress in in|duatry during the year included meri gers, acquisition of new factories by : several cities and signing of orders

INDIANAPOLIS, Jan. 1 (UP) f or various products bv several large Bu-mcss in Indiana will enter 192t> j com| , anies outside the state, with expectations of a prosperous pe- Building will probably be slightly I ri ' Mi - il is revealed in a survey of the in excesg of the total. For Nostati- foi the week ended today, the yember this year, the total was $80,lust («r ‘he present year in a series | poo above that of November last year, which has been published each Fri- ; [) urin)r t h e month eight cities among ( * a y- i22 reporting, had more building than Although figures are not yet eom-J in the same monlh ]ast vt>ar . These idete on 1928 business, it is safe to ; t . ities were Indianapolis. East ChicI*'edict that the showing will be con-! aRO> Evansville, Ft. Wayne, Huntingsiderably better than in 1927. To- ton> Lafayette, Logansport and Kich-

tals are not yet available on the | mc)I1 d.

Christmas holiday trade, but it ap-> The Calumet district, including pear, the volume will at least equal , Hammondi Gary un(1 East Chicago that of 1921, with some indication j ) lad a prosperous year, but during th.it there will be a slight increase. [ N - ovember> on i y East Chicago showed

Among the state’s larger cities!

’ THIS WEEK’S WEATHER Transportation act, whereby the litFair and cold, followed by slowly tie southern Illinois railroad e < edsing temperature, first part of the prived of part of its earnings.

about Wednesday, three-judge federal district court that first heard the O’Fallon case, howev- the lommi. ion

into thy question of

fits on the 0 Fallon. 'I h- commi ;.ioi

yeek; rain or snow

illowe.l I y fair ami colder.

O’PALLON CASE BEFORE COURT FOR ARGUMENT

SUPREME TUI HI N \L TO l PON RAILROAD VALUA-

TION BASIS.

ja building gain.

ill

JCK CREAM’S ORIGIN !' PHILADELPHIA, Jan. 1. (UP)— The Franklin Institute, world renowned in science, recently revealed that Pie humble ice cream soda had | been one of its inventions. •j Dr. Howard McClenalian, secretary of the society, said the popular fountain drink had been concocted by savants for the Centennial Exposition | in 1870

WASHINGTON, Jan. 1. (UP) The O’Fallon valuation case which is n the Jan. 2 call of the U. S. Supreme court for argument, represents the third attempt of the railroads to overturn the interstate commerce commission’s valuation system. Whether or not the roads will be successful in obtaining a supreme court ruling on thi- question is high-

ly problematical.

In two previous appeals, the Couit efused to rule on the question of valuation, dismissing the railroads’ complaints on the ground that the valuation, complained of had not resulted in any damage to the railroads. In the O’Fallon case, the railroads claim that the valuations establishe, on an “investment” basis of calculation have actually been Used as the basis for an order made by the interstate commerce commissh n under the recapture clause of the 1920

er, refused to go

valuation, and dDcuss that ibject on it- merits. It merely upheld the commission’s order and stated that it was not necessarv to inquiie into the basis of valuation. This i.- interpreted by many, however, as an approval which permits the commission to continue its work along present

. lines.

I The appeal of tht* railioa«l, which PANS i j,. directed by national organizations of the principal roads, makes the valuation argument the center f the

case.

The railroads claim that present reproduction value must be taken into consideration in fixing of valuation, for rate-making purposes as well as for recapture purposes. They also contend that Supreme Court di - cisions have given other (public utilities of the country the benefit of such a valuati n basis, and that railroads cannot be excluded from this without actually depriving them of property. The case involves two short line railroads near East St. Louis, III., both owned by the estate of the late Adolphus Bu-h, beer magnate, One is tho Manufacturers’ Railway, a relativeh unprofitable connecting line, and the other is the St. Louts and O’Fallon, a profitable main line. The i ads contended that the earnings of both roads should be considered together. If this were upheld, the lo es of the Manufacturers’ would absorb the pro

922, and 1923.

refused to consider to ■ two together,’ lA view of the above com ,i and the Ddcual court below aipuTld | ‘ ls apparent that the

rc„uir:ng| a . rter hrurin « laments ment I ' h ‘' ^ ,,n a ">' 0nC th „

i grounds, avoiding ag a j n th( , * of ruling on the valiona..

its oraer

the road to pay into the govei reserve one-half of its excess earn

A HAPPY PROSPEROUS NEW YEAR IS OUR SINCERE WISH FOR YOU.

A Timely Loan Often Insures Prosperity and Prosperity Brings Happiness. May W e Serve You This New Year? INDIANA LOAN CO. 24 I /> E. Wash. Phone 15.

m Phone 422.

BEST WISHES

FORA

HAPPY NEW YEAR

Are Extended I»y

F. C. SCHOENMAN

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