Indiana daily times. [volume], February 25, 1920, Home Edition, Page 11, Image 11

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
FOREIGN BONDS
T WILL BE PAID
Financiers Say Anglo-French
Issue Will Not Default.
NEW YoAk. Feb. 25.—Half a billion
dollars worth of Anglo-French bonds,
maturing here in October, will be paid
promptly in good American dollars, in
the opinion of the financiers of this
country, according to William Ewing,
head of the bond department of .T. P.
Morgan A Cos.
“There is nothing eLse for the Br.t
ish and French governments to do and
there is no doubt in the minds of Arneri
<nn financiers of their ability to do it,"
Ewing said in an interview today.
“With increasing British and French
exports to this country, the trade bal
ance will be gradually restored and the
underlying cause of depreciated exchange
will be removed.”
Two of the factors which will tend
to stabilize exchange. Ewing said, ar*
the listing of foreign industrial bonds
in tho open market here and the accept
ance by American manufacturing con
cerns of industrial bonds instead of
gold.
Wholesale Meats
Smoked meats shown call for discount
of %c lb for order of 150 of one item;
250 lbs and over discount of Vac lb.
POBK.
HAMS—
Regular. 14 to 16 lbs .33%
Skinned. 12 to 14 lbs .35
Fancy boiled .51
BACON—
Fancy breakfast, 5 to 7 lbs.. .48
Sugar cured, 14 to 16 lbs ~‘lO
Sugar-cured squares .25%
Fancy sliced, 1-lb cartons... .55
PICNICS—
Snugar-cured. 5 to 7 lbs .231-4
SALT MEAT—
Dry-salt jowl butts .lS l^
LARD—
Refined, tierce basis .24
Open kettle, tierce basis .25
FRESH POKli—
Spare ribs .21
Shoulder bones .08:6
Tenderloins 54@56
Dressed hogs , .23*4
Light loins, 7 to 9 lbs .30
Extra light loins.-4 to 6 lbs... .31
Fresh boneless butts .3214
Boston butts .28
Skinned shoulders .25
SAUSAGE—
Breakfast, in 1-lb
Standard, fresh bulk .I.Bls
Erankfurts, hog casings .1914
FRESH BEEFS.
Medium steers, 400 to 500 lbs. .16
No. 2 heifers .1514
Native cows .15Q:16
Medium cows .14
LOINS—
No. 3...., 220
RIBS—
No. 2 .37
No. 3 M
ROUNDS—
No. 3 .20
No. 2 .22
CHUCKS—
No. 3 .15
PLATES—
No. 3 .12
VEan.
CARCASSES—
No. 1 quality 24@2<!6
No. 2 quality 16Mi@iy
THIEVES GET HEIRLOOM.
SAN FRANCISCO, Feb. 25.—1 V. T. Cal
houn wants his hammer back. He doesn’t
mind the loss of more than SI,OOO worth
of tobacco stolen from his.store, but tlie
hammer the thieves used was an heir
loom. “My father had in twenty-four
years ago; get me back my hammer and
I don’t mind the goods.”
RESERVATIONS
May Be Made Now for
Spring and Summer Sailings
MONEY FORWARDING
Tours—Cruises—Travel Information
i
STEAMSHIP DEPARTMENT
FLETCHER AMERICAN COMPANY
Fletcher American National Bank Building.
CASH DIVIDENDS
TAX EXEMPT
We have paid sixteen consecutive semi-annual cash dividends of 3/ 2 %
each on our preferred stock. Sixteenth dividend was paid Jan. 2. 1920.
This stock is now upon a PARTICIPATING BASIS.
And Will Share in the Earnings Over and Above
the Regular 7%
If \ou hate money that is not earning 7 r / c above taxes cut out and mail
the coupon below and we will send you booklet explaining bow profits
are made and why real estate security is absolutely safe.
Indianapolis Securities Company
Established 1912. Third Floor Law Bldg. Frank K. Sawyer, Pres.
Without obligation on my part kindly send me descriptive literature
relative to your 1% nontaxable participating preferred stock.
Name
Street •
Town *.
' ” 7
■ ,
CENTRAL STATES AGENCIES
Incorporated under the laws of the State of Indiana
Financial Brokers and Underwriters
Market Price Paid for Liberty Bonds
Phones Ant®* 127 E. Market St., Indianapolis
- ■
Money to Loan on Mortgages
STATE LIFE INSURANCE CO.
PRICE BUGABOO
SLOWLY YIELDING
CHICAGO, Feb. 25.—Blame supply and
demand If you like, but the country Is
due for price declines—anyway that’s the
opinion of Maj. A. A. Sprague, Chicago
fair price commissioner. Another five or
six months will be needed to drive the
high price bugaboo to the taboggan edge
and then the landslide will come,
Sprague believed today.
Lower prices are conditional upon sup
ply and demand and seasons, according
to Sprague. The effect of seasons is
found in the recent drop of 21 cents
n pound for best butter and decline of
10 rents a dozen in fresh egg prices, the
commissioner says.
Meat prices are wavering, Sprague de
clared. Fluctuations are recorded daily,
he said. Fresh pork loins today were 2
cents lower than the offerings Inst No
vember; pork chops have toppled 10
cents; tenderloins 10 cents, while round
steak and iamb racks show advances.
Meat prices in five large cities outside
Chicago show a general and <wnward/trend,
with the biggest sag recorded in mutton,
which was 12 cents lower in New York
than November prices.
Weather in Other Cities
The following table shows the stale of
the weather In other cities at 7 a. in.:
Bar. Temp. Wenth
Atlanta. Ga 29.86 26 PtCldy
Amarillo, Tex 30.20 28 Cloudy
Bismarck. N. D 30.30 12 Cloudy
Boston, Mass 30.22 30 Snow
Chicago, 111 29.04 18 Sllow
Cincinnati. 0 29.90 20 Snow
Cleveland. 0 29.80 16 Cloudy
Denver, Colo 30.22 18 Clear
Dodge Cltv, Kas... 30.22 14 Clear
Helena, Mont 30.38 18 Clear
Jacksonville, Fla 29.82 42 PtCldy
Kansas City. M 0... 30.12 22 PtCldy
Louisville, Ky ... 29.96 24 Snow-
Little Rock. Ark... 30.08 30 Cloudy
Los Angeles, Cal.. 30.06 50 Clear
Mobile, Ala 29.98 36 PtCldy
New Orleans, La... 30.02 42 Cloudy
New York. X. Y:.. 30.42 26 PtCldy
Norfolk, Va 29.66 26 Cloudy
Oklahoma City 30.18 24 PtCldy
Omaha, Neb 30.08 24 Cloudy
Philadelphia. Pa. 4 29.52 24 Clear
Pittsburg, Pa 29.76 20 Cloudy
Portland, Ore 30 38 34 Clear
Rapid City, S. D... 30.26 20 Snow
Roseburg, Ore 30.36 26 Clear
San Antonio, Tex.. 30.16 42 PtCldy
San Francisco, Cal. 30.14 46 Clear
St. Louis, Mo 30.02 20 Clear
St. Paul, Minn 30.06 2 Cloudy
Tampa, Fla 29.78 60 Cloudy
Washington, I). 29.64 29 Clear
Observation taken at 7 a. m-, Feb. 25,
1920. by United States weather bureaus.
\Yr.\tiiek conditions.
Sinre Tuesday morning precipitation
has occurred in most places In the east
ern half of the country, and In the region
north of the Missouri river, but the
amounts were only light to moderate.
Barometric pressure is relatively high
over the northwest and the plains states,
decreasing steadily northeastward to the
Atlantic. It is colder over most of the
country from the plains region eastward,
and freezing weather extends as far
south as the gulf tier of states. Over
the northwest, however, the readings con
tinue-near the seasonal normal, but they
are below normal from the St. latw
rence valley to the gulf.
J. H. AB.MINGTOX, Meteorologist.
T‘WHY?’
INCOME TAX FACTS
YOU SHOULD KNOW
Aside from the salary which a clergy
man receives during the year, be must
consider as taxable income the fee* re
ceived for special services performed for
Individuals or organizations. Also, In
case he Is furnished with a rectory, or
living quarters, the fair rental value of
the accommodations thus provided must
he considered Income Just as truly as
though he were paid the value in cash
and expended It for bis home Or quar
ters as a pcr'onal expense. If his meals
are provided bv the congregation, free
of charge to him, the fair value of such
board Is taxable income-
In addition, there may be bank inter
est, bond interest, and a number of
other kinds of Income which must be
| considered taxable to a clergyman, as
in the case of the farmer, business man
j and wage worker.
Many clergymen receive fees for spe
cial services, which may cover simple
recitals of prayers for the dead, or mar
riages, christenings, and other ceremo
nies and services which are incident to
their calling.
Bona-fide gifts are not taxable under
\ the Income tax laws. However, there Is
! a clear distinction to be made between
; a fee and gift. The annual Christinas
j offering to the pastor, which Is a oua
; tomer in many parishes. Is purely ami
| simply a gift. But the Kter collec
. tion for his benefit Is considered to be
In the nature of additional compensation
for his services to the Individuals con
tributing.
A clergyman may receive an unusually
large fee, which might have Nie appear
ance of a gift. But if that fee wa? In
consideration of the performance of some
service, the offering must be considered
taxable income.
RETAIL COAL PRICES. ,
Prices on coal delivered at curb. Extra
charge for service when additional labor
Is required:
Indiana Linton, No. 4, lump $ 6.75
Indiana, No. 5, lump 6.75
Indiana egg lud nut 6.75
Indiana mine run 6.00
Indiana nut and slack 5.50
Brazil block 8,00
West Virginia splint lump .... g. 50
Kentucky eastern lump 8.50
Pocahontas shoveled lump.l JO.OO
1 Pocahontas mine run 8.50
Pocahontas nut and slack 8.00
By-product coke, all sizes 11.25
Anthracite, all sizes 13.00
Blossburg, smithing 10.00
West Virginia Cannel lump li.oo
Illinois lump, Harrisburg 7.50
Hocking Valley lum 8.50
Coal and coke at yard. 50c per ton less.
Kindling with coal, 15c a bundle; sep
arate delivery. 10 bundles, $2.
Charcoal, 20 lbs to bushel, wagon lota,
45c bushel; small lots. 50*■ bushel.
The following prices are paid for
poultry by local dealers:
ON SALE ON THARP FLOOR
The Men and Young Men Who
Share in This Sale of
Hart Schaffner & Marx and Other
f ITS AND
HERCOATS
, s 49=
SCC there isn *t U reason whatsoever, you
nor & Marx clothes —is like saying gold is
precious. The values are extraordinary.
The most important point to emphasize is
Copyright 1919, Hart Schaffner & Marx mi- , , ... ,
this sale may be closed without notice —
When its opportunities are gone —they are gone for good! Sale price, $49.50.
$•
ip V J|f
Overcoats Ou
'* \ . .
It is a satisfaction to us —as it is a service to patrons—that they find here such
. fine opportunities for investment.
We’re clearing away a lot of overcoats that sold all the way to $55.00.
Sizes 32 to 40* Sale Price $32
“ ——• —= i
Many up to $55.00 SUITS for men and young men. Sale Price.... $30.50
—The Daylight Clothing Store, Third Floor.
The Wm. H. BLOCK CO.
INDIANA DAILY TIMES, WEDNESDAY, FEBRUARY 25,1920.
Frightened Misers
Dig Up and Bank
Their Buried Cash
TULSA, Okla. Feb. 25.—Publication of
stories about misers and hoarders of
money being robbed, mistreated, and
slain In numerous cities of the country
has given the local banks anew job
lately—that of condemning certain mil
dewed and moss covered bills that have
been “buried,”
Teller C. L. Skinner of the First Na
tional bank says that he has had much
experience in banks and knows some
thing about the peculiarities of people
nnd has been skeptical of stories pf bur
ied money. That is, until recently.
An old negro of Sand Springs brought
SI,OOO in currency to him to deposit "I
had it buried,” he explained, “but 1
have been reading about so many people
who kept their money cached away be
ing robbed that I ’lowed It would be
safer in a bank. What does it cost to
keep it here?”
The currency w-as in bills of every
denomination, all Jumbled together, but
j h knew to the cent just what he had.
’ in addition he had a sack full of silver
< coins that were black and mildewed from
i being under the ground so long.
Other bankers report similar occur
i rentes of late.
Libraries in Move
Against U. S. Unrest
An appeal of “Books For Everybody”
will Boon be forthcoming for a nation
wide educational and constructive pro
gram to treat the present industrial and
social Ills with generous doses of the
right kind of hooks, according to a re
port made to the school board by Charles
E. Kush, city librarian.
Mr. Rush recently returned from a
conference of librarians in New York,
where the matter of promoting a better
citizenship through the extension of
library work was taken up. The move-’
ment Is strictly an educational one and
is the biggest thing that ever confronted
the American librarians, according to Mr.
Rush.
Here’s ‘Honest’ Cop
SAN FRANCISCO, Feb. 28.—“Wha*
would you do if a MoreKecjier offered
you S2O to let him krep the sidewalk
blocked?” asked the civil service
examination. “Arrest him,” said 381
prospective copper*. "Take the
twenty,” said the* 385th.
TAXES INCREASED
IN 80 COUNTIES
(Continued From Page One.)
including Marion and Clay counties, the
• figures for which are not available, will
pay $6,453 065.94 this year, as compared
with $5,631,633.99 last year, an increase
of $821,431.95.
HERE IS LIBT OF
i RAISES BY COUNTIES.
Following are the Increases for the
counties south of the National road:
Bartholomew, $85,531.87; Brown, $6,338.83;
Clark, $109,816.29; Crawford, $10,928.87;
Daviess, $48,551.30; Dearborn, $57,269.41:
Decatur, $73,312.25; Dubois, $40,543.58;
Fayette, $81,952.27; Floyd, $54,240.67;
Franklin, $25,682.33; Gibson, $184,635.92;
Harrison, $39,339.54; Jackson, $97,956.06;
Jefferson, $22,0.89.23; Jennings, $20,277.43;
Lawrence. $45,037.79; Monroe, $54,487.32;
Morgnn, $27,909.09; Ohio. $11,710.96; Owen,
$12,543.61; Perry, $22,661.21; Pike, $52,-
774.20; Posey, $124,034.93; Ripley, $27,-
662.51; Rush, $121,509.60; Scott, $11,431.74;
Shelby, $136,750.30; Spencer, $55,952.05;
Sullivan, $409.10; Switzerland, $17,249.26;
Union, $25,887.92; Vanderburgh, $310,-
500.52; Warrick, $22,785.66; Washington,
$26,459.00.
j The increases in counties north of the
National road are as follows: Adams,
$96,800.65; Benton, $77,172.63; Blackford,
$57,909.17; Boone, $47,879.55; Carroll,
$67,021.66; Clinton, $207,310.78; DaKalb,
$98,416.82; Delaware, $139,414.35; Elkhart,
$244,047.39; Fountain, $123,332.49; Fulton,
; $123,595.17; Grant, $141,382.77; Hamilton,
$77,736.07: Howard, $143,564.46; Huntlng
j ton, $88,644.70; Jasper, $34,925.87; Jay,
$16,830.56: Kosciusko, $101,536.67; La
grange, $40,100,67; Lake, $752,069.41;
i Madison, $264,357.45: Marshall. $114,308.98;
Miami, $130,021.01; Montgomery, $191,029;
Newton, $78,651.02; Parke, $49,865.90;
Porter, $124,195.42; Pulaski, $96,192.22;
Randolph, $100,454.88; Starke, $34,014.10;
Steuben, $19,445.13: St. Joseph, $240,782.74;
Tippecanoe, $220,548.89; Tipton, $79,715.80;
Wabash, $134,647.80; Whitley, $51,465.80.
Following are the Increases for counties
on the National road: Hancock, $54,431.27;
Hendricks, $19,699.00; Henry, $98,189.06;
Putnam, $87,304.28; , Vigo, $346,854.08;
Wayne, $190,853.58.
Counties for which figures are not
available are Allen, Cass, Clay,. Greene,
iohuson, Kn<x, Marlon, Noble, Vermilion,
Wells and White. —Copyright 1920, by
Indiana Pubjlclty Bureau.
TAX INCREASES
SHOWN IN LETTERS
Carleton B. McCulloch, democratic can
didate for the nomination for governor
of Indiana, is receiving from over the
state unsolicited Information which tends
to contradict the statements being made
by tbany that the new tax law will not
show decided increases.
C. M. George of Rushvllle, superin
tendent of the Rush county schools, has
forwarded a tabulated statement that is
of Interest. It Is a comparison of the
levies rates and taxes paid in that
county, one name being selected from
each of the eleven townships and the
city of Rushvllle, the net Increases
showing as high as 64 per cent increase
in the taxes of the John K. Gowdy es
tate of Posey towDshlp. Others given
and selected at random, according to Mr.
George, are; L. B. Miller, Anderson
township, 56 per cent; D. H. Gilson,
Center, 16 per cent; C. H. Alger, Jack
son, 32 per cent; John Heaton, Noble,
60 per cent; Charles Owen, Orange, 28
per cent; E. O. George, Richland, 44
per cent; Jesse Henley, Ripley, 38 per
cent; C. M. George, Ru9hviUe, 44 per
cent; W. R. Martin, Union, 23 per cent;
Desste H. Lower, Walker, 3% per cent;
G. W. Looney, Rushvllle city, 25 per
cent.
The tabulation shows the valuation and
levy for last year and this and hun
dreds of similar Instances can be fur
nished, It Is claimed. Added to this
Col. McCulloch is receiving hundreds of
letters protesting against the law which
provides that representatives from the
vnrlous country units must appear be*
fore the various state boards to secure
rights they feel are of local Interest
only.
MYERS TO HOLD
McADOO PETITION
(Continued From Page One.)
for either, or keeping both names off
the primary ballot and leaving the choice
for expression at the :*tate convention,
or at Ban Francisco.
Friends of Thomas It. Marshall and
Mr. McAdoo have circulated petitions in
Indiana in behalf of their favorites, and
there has also been talk of petitions on
behalf of Gov. Cox of Ohio.
McAdoo supporters have taken The
ground that it was necessary to bring
about a preferential primary vote In
this state In order that the true senti
ment of the voters should prevail, and
they started petitions with a determina
tion to enter Mr. McAdoo, against his
consent, If necessary, In order, they de
clared, to prevent Mr. Marshall or any
one else from seising the Indiana dele
gation by default.
Friends of the vice president now de-
clare that they havg no desire to force
Mr. Marshall Into the primary and that
their purpose In circulating petitions
was merely to be prepared to file them
If some other name was filed.
OUT IN
THE OPEN. .
Supporters of Mr. McAdoo declared to
day that their object In appointing Mr.
Myers to receive their petitions was to
show the Marshall adherents that they
were out in the open in thetr position j
and had no desire to take a last minute j
advantage of Mr. Marshall or his friends.
They said they were delivering all their
unfilled petitions to- Mr. Myers and
would refer all requests for these blank
petitions to him In the future in order
that he might have a record of their
movements.
The McAdoo petitions, with the ex- I
ception of the first ones signed at Hftnt
ington, bear a picture of Mr. McAdoo,
and are all numbered. Mr. Myers has
been supplied with a list of those who
have circulated these petitions and will
be in a position to know what has be
come of each one before tbe last day
for filing them.
■ It is understood that friends of Mr.
Marshall approved of the pfacing of the
petitions in the hands of Mr. Myers and
this action is expected to put an end to ;
republican efforts to create the impres- j
aion that an att&rk has been made
either on Mr. Marshall’s democracy or ;
his good faith in expressing a desire for
uninstrueted delegates at the national
convention.
FAVOR RALSTON
AS CANDIDATE
(Continued From Page One.)
place public good ahead of party suc
cess, knowing the courage, honesty, in
tegrity and distinguished ability mani
fested by you In dealing with public
questions and In maintaining the peace
of the state, are ready and anxious to
support you if given an opportunity of
doing so.
“Believing that the present condition
of public affairs in the state and nation
demands of all loyal citizens any reason
able personal sacrifice for the public
good, and being equally confident that
the call for your services by the party
at this time is genuine and far-reach- j
lng in Its possibilities, we feel that you ;
can not .afford to refuse the call of your
party thus manifested.
“Whatever may have been your con
clusions at a time when the demand wat
not so apparent and the need so great,
you can not now fail to recognize the
THE BASEMENT, STORE
%
These Groups of
SUITS and
OVERCOATS
for Men and Young Men
Have been sent from our third floor
to The Basement Store for
a hurried disposal!
$40.00, $45.00, $50.00 and a
Few $55.00 Qualities
. -T
V
Every man who gets these clothes will have
something that lie will long and pleasantly
remember.'
He will get the exceptionally fine grades for
which our third floor is known —he will get
values that are sensational even for The Base
ment Store. Sale prices, $34.50 and $29.50.
•incerity and merit of this appeal.
“Though you may not feel tree to seek
the nomination, you should be willing to
recognize and heed the call of your
party.
“Anticipating your favorable response
to this urgent situation, and knowing
the shortness of the time in which to
act, we shall appreciate any expression
from you in recognition of this com
munication.”
SIGNERS OF
THE LETTER.
The following democrats signed the
letter:
Charles J. Richman of Tfpton, Omer
S. Jackson of Greenfield, B. F. Merrell of
Crawfordsville. Frank P. Ice of Mt. Sum
mit, Edward Smith, postmaster of New
castle; S. Z. Hanks of Terre Haute, Clem
Hurst of Greencastie, and J. A. Rink.
Frank Hawley, Edward W. Felt. Milton
B. Hottel, Paul G. Davis, George M
Crane, Charles E. Fox, John G. McNutt.
N. E. Patrick, Judge M. B. Lalry. M. E.
Foley, Bernard Korbly, Milton W. Man
gUß, Otbnlel Hitch, M. A. Ryan, W. C.
Clarke, Clarence A. Call, Edgar A. Per
kins Sr., Clarence E. Weir, Harry B.
PerklnaJ William A. Pickens, W. T.
Young. T. S. Crutcher. Andrew Steffen.
John T. Barnett and Charles E. McKee
of Indianapolis.
If Mr. Ralston’s name is placed on tbe
primary ballot he will be the fifth demo
cratic candidate in the race. The others
are Dr. Carlton B. McCulloch of Indian
apolis, J. Kirby Risk of Lafayette, John
Isenbarger of North Manchester, and
Mason Nlblack of Vincennes.
Poland China Sale
Brings $20,010 Total
Special to The Times.
NOBLESVILLE, Ind„ Feb.. 25.—At the
big type Poland China hog sale ol
Flndling fc Knapp held at Arcadia fifty
one head brought a total of $20,010.
The highest priced hog sold was Lady
Clansman, purchased by Harrv Adams of
Castleton. Ind.. for $2,100. “Victoria Rig
I’.one” was bought by the Spring Hill
Farm Company of Huntington for $1,700.
A number of the sows were sold above
SI,OOO each.
WHY?’
11