Indiana daily times. [volume], June 09, 1920, Home Edition, Page 15, Image 15

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

Image provided by: Indiana State Library

                
' COLLEGE AVENUE
TO BE WIDENED
Also Completed for
Moving of Car Tracks.
for the opening of Edison are-
Rne from Pomeroy street to Eleventh
street and for the widening of College
avenue by cutting off the northeast cor
ner of College avenue and Eleventh
street, were ordered today by the board
of public works.
When the opening of Edison avenue
bae been effected the board will order
the Indianapolis Street Railway Com
pany to remove its tracks from College
avenue to Edison avenue, it was an
nounced.
PIU RELIEVE
TBATTIC JAMS.
Action of this nature has been con
templated by the board for some time in
view of eliminating the present danger
ous traffic conditions at the intersection
of College and Massachusetts avenues
and Noble street.
The street <ytr company will be re
quired to pave the eighteen-foot center of
College avenue when the tracks are re
moved, thus making possible the com
plete resurfacing of the avenue at very
little expense to property owners.
were confirmed hy the
for thQ, resurfacing of Virginia
"(venue from Louisiana street to Shelby
street, excepting the eighteen-foot cen
ter occupied by the car tracks, and for
the paving of the first alley northeast
f Virginia avenue, from Wood lawn ave
nue to Shelby street.
Resolutions were confirmed by the
board for the resurfacing of Virginia
We offer anew issue of
MIDWEST ENGINE COMPANY
(Incorporated under the laws of Delaware)
8 Per Cent. Tax Exempt Cumulative Preferred Stock
f •
Exempt from State and local taxes in Indiana, and also from Normal Federal Income Taxes.
Shares SIOO.OO each. Maturity July 1, 1930
Dividends payable quarterly on the first day of January, April, July and October.
First dividend payable October 1, 1920.
Callable at any interest paying date on thirty days notice, at SIIO.OO a share and accrued
dividends.
Commencing December 31, 1923, a Sinking Fund of 10 Per Cent, of the Company’s Annual Net Profits
Will Be Applied to the Redemption of This Stock.
Indiana Trust Company, Indianapolis, Registrar and Trustee.
Fletcher Savings & Trust Cos., Indianapolis, Transfer Agent.
PRICE—SIOO PER SHARE
With each two shares of Preferred Stock the purchaser
receives one share of Common Stock as a bonus.
I
" COMPANY’S MANAGEMENT AND OWNERSHIP
The Company is controlled and directed by a group of Indiana’s most successful manufac
turers and business men. Stoughton A. Fletcher, President of the Fletcher American National
Bank of Indianapolis, owns and will continue to own a majority of the Common Stock of the new
Company.
v * BOARD OF DIRECTORS
The officers and Board of Directors of the Midwest Engine Company of Delaware will be as fol-
A y
lows:
John G. Wood. - .....President
F. L. Atwood - Vice-President and Director of Manufacture
H. W. Griffith Secretary and Treasurer
Fred S. Robinson., General Manager
Lon R. Smith .. ~ - General Sales Manager
James A. Allison. - Capitalist, formerly Vice-President Prest-O-Lite Cos.
J. J. Cole President, Cole Motor Car Company
Carl G. Fisher. Capitalist, formerly President Prest-O-Litc Cos.
Stoughton A. Fletcher- - President, The Fletcher American National Bank
Walter C. Marmon. - President, Nordyke & Marmon Company
Charles B. Sommers President, The Gibson Company
Lucius M. Wainwright President, Diamond Chain & Mfg. Cos.
THE COMPANY’S PLANT AND EQUIPMENT
The Midwest Engine Company’s main plant and general offices are at Indianapolis, where the
Company owns sixty-five acres within the city limits, on which are located buildings with a total
manufacturing floor space of 608,000 square feet. At Anderson the Company has five acres of ground
and buildings with 98,000 square feet of floor space.
THE COMPANY’S PRODUCTS
The principal products manufactured at the Indianapolis plant are the “UTILITOR,” a small uni
versal power plant; and a heavy-duty truck and tractor engine.
At the Anderson plant, the Company manufactures centrifugal pumps and small turbines.
The market for each of these products is unlimited and the demand has exceeded the Company’s
manufacturing capacity.
PURPOSE OF THE ISSUE
The purpose of this issue is to provide additional working capital commensurate with the Com
pany’s requirement to supply the demand for its unusual products, as well as to provide for ultimate
retirement of all securities of the Midwest Engine Company of Indiana.
SECURITY
The Preferred Stock is preferred as to assets and dividends. The Company cannot create any
bonded indebtedness without the consent of a majority of the outstanding preferred stock.
BUSINESS AND EARNINGS
In 1919 the Company’s gross business approximated $7,000,000, on which earnings of $1,400,000
were made before charges for depreciation, etc. This was exclusive of the “UTILITOR.” With the
development of the Company’s production program, after this financing, the management estimates
that gross business will feach a total of $15,000,000 for the year ending July 1, 1921, and $25,000,000
for the year ending July 1, 1922, with corresponding increases in earnings.
Legality of this issue approved By Messrs, Myers, Gates & Ralston and Messrs. Smith, Remster,
Hornbrook & Smith.
We shall be pleased to send upon request, a descriptive circular
in which is reprinted a copy of a letter from President John G.
Wood, giving details of the Company’s business and of the issue.
Orders may be telephoned or telegraphed at our expense.
FLETCHER AMERICAN COMPANY
BREED ELLIOTT & HARRISON
FLETCHER SAVINGS & TRUST COMPANY
HAUEISEN & JEWETT BECKER & OVERMAN
CITY TRUST COMPANY THOMSON & McKINNON
THOS. D. SHEEREST & COMPANY NEWTON TODD
INDIANAPOLIS
All ittemnti herein ere based upon Information which we regard as reliable end, while not guaranteed by ns, constitute /
the facts upon which we ourselves have acted. '
v- {”! .i v .. . ■■
avenue from Louisiana street to Shel
by street, excepting the eighteen-foot
center occupied by the car tracks, and
for the paving of the first alley north
east of Virginia avenue from Woodlawn
avenue to Shelby street.
BOARD ORDERS
WATER EXTENSIONS.
The Indianapolis Water Company was
ordered to extend the water main on
Pall Creek parkway, north drive, from
the end of the main to Thirty-second
street.
Three bids were received for the laying
of a sewer in Blaine avenue, from Ray
street to a point thirty feet north of
Wilkins street.
J. H. King & Cos. bid $4.98 per lineal
foot, the Columbia Construction Com
pany, $4.50, and George W. McCray, $4.77.
Tells Friends to Read
About It, Takes Life
FT. WAYNE, Ind., June 9.—“You'll read
It tonight in the paper,” said George B.
Spry. 41, when he left the City Carriage
works here where he was employed as a
trimmer. A short time later he killed
himself by swallowing poison.
Spry's wife, when apprised of his hav
ing committed suicide, said he had been
under the influence of drink since Satur
day and that he left home lie told her
he was going tp commit suicide.
Thinking he was only Jesting she told
him to “go ahead.”
Spry had been employed at the City
Carriage works for the past year.
Luncheon and Bridge
for Women Visitors
The women’s courtesy committee of the
Indianapolis Advertising club entertained
with a luncheon and bridge in. honor of
the feminine delegates and visitors to the
convention of the Associated Advertising
Clubs of the World this afternoon.
Mrs. Fred Ayres was in charge of the
luncheon arrangements, assisted by Mrs.
Edward L. McKee, Mrs. William Stafford,
Mrs. Henry Talbott, Mrs. Charles Mil
lard and Mrs. William Rockwood.
Mrs. Barrett Moxley headed the
“bridge” committee which consisted of
Mrs. Harry Fitton, Mrs. Kiefer Mayer,
Miss Julia Brink, Mrs. E. I. Lewis and
Mrs. Charles Schaf.
A special feature of the entertainment
will be the banquet to be given by the
business and professional women tonight,
on the roof garden of the Severin hotel
for the visiting delegation at 0 o'clock.
Forba McDaniels is general chairman
on arrangements, with Sara Major Avery
in charge of plate reservations.
Tonight social seats have been re
served for the feminine guests at the
Canoe and Athletic clubs for the water
carnival to be held at Riverside park.
Accused of Running
‘Tiger* in His Home
Oprea' Rarbue, 36, of 530 West Mary
land street, today is charged with operat
ing a blind tiger.
The police allege they found five gal
lons of raisin mash and a small amount
of whisky In bis home.
INDIANA DAILY TIMES, WEDNESDAY, JUNE 9, 1920.
Advertiser, Yes;
. Also Bear Hunter
JOSEPH POTBDAMER.
While advertising is his vocation, bear
hunting is the greatest event in the life
of Joseph Potsdamer, Philadelphia, of
the firm of Ketterllnus Lltho Manufac
turing Company.
Mr. Potsdamer is a member of the
national commission of the A. A. C. of
W. and has been a wheelhorse of tbe
association work for years.
THE BLUE
BIRD ELEC
TRIC WASHER
banishes wash
day drudgery.
—Fifth Floor.
If WTL BLOCK C?
Indiana's Largest Asstrtment #/ HART SCHAFFNER & MARX Cltthes ftr Men
Our Annual June Sale of
LINENS
Savings of 15% or more on everything
in stock.
—First Floor, Northwest.
FROM OUR MODEL GROCERY
E V A P O RATED
MILK, Bofden’s,
large one-pound
can .... 114
G. WASH INGTON
COFFEE, Instant solu
ble (large family size
rgn, $1.29), small
can , 394
APPLES, King’s de
hydrated. for apple
sauce and pies, one
pound equals 10 pounds
of fresh apples.
Pound Ks<
BUTTERINE, Cream
of Nut, colored ready
for the table, looks and
tastes like butter,
pound 424
Continuing Our Sale of Hundreds of
SILK DRESSES for Women and Misses
. Sale Price
*14.98
-JJriliiil Through a favorable trade circumstance we re
ceived these dresses at far below their actual
, / ' ‘ 'rSJySfeiiiShh worth—silk dresses of this nature usually retail
f° r $25 or S3O. They are so fine and $14.98
•; fM * jV is such a little price for them that our only regret
l V l ;/ j * s we were unable to obtain more.
y J The dresses have been selling with a remarkable
\\ yV# IPWBm speed, but the assortment is still large and varied
r\ \ enough to insure a goodly selection. ,
\\ A f \ If || (j DRESSES OF
U \ J f? FOULARD TAFFETA
H\\ l\ mmp r BRAIDED GEORGETTE CREPE DE CHINES
\\ VV fTf TRICOLETTES MESSALINE
\V\ J / \i PLAIN GEORGETTE SATIN
j k // | TAFFETA AND ORGANDIE COMBINATIONS
h , V m TAFFETA AND GEORGETTE COMBINATIONS
Dresses like V 4A WOOL EMBROIDERED GEORGETTE
TRICOLETTE AND CREPE DE CHINE COMBINATIONS
COLORS ARE
NAVY BLACK SAND COPEN ROSE SILVER COPPER PEACOCK SEAL BROWN
STREET DRESSES AFTERNOON DRESSES SPORT DRESSES Sale price $14.98
Hair Hats and Hals of Navy Taffeta
- *4.98
Fashion has given these two particular prominence among her
many millinery modes for summer, and women will be delighted at
the splendid showing here at $4.98.
Roll Sailors Side Droops Off-the-Face Hats |)< VW
Flowers and ribbons form the trimmings on the majority of them
—the diversity of stvles is unusually large. Special for Thurs
day - $4.98
Domestics and Bedding
/AST COLOR APRON
GINGHAM, all size blue
check; extra DA C*
#spedal, yard
BLEACHED SHEETING,
2Vi yards wide, strong,
even thread, OQp
special, yard 0%/L
UNBLEACHED SHEET
ING, double bed width, easy
to bleach,
special, yard /
BED PILLOWS, genuine
feather pillows, covered
with choice pattern art
tickings—
-17x24-inch size 984
17%x25-inch size.(l.lß
19x27-inch 5ize..(1.60
COFFEE, old crop,
fresh roasted Bour
bon Santos, 1b.41 £
SMOKED S H O U L
DERS, lean sweet
cured, 4 to 6 pounds
each, pound 274
RAISINS, fine large,
meaty California Sun
Maid, seeded, pack
age
WESSON OIL, pure
refined, for making sal
ads and mayonnaise
dressing (quart can,
78c), pint 394
PEANUT BUTTER,
Sun lit, made from fresh
roasted Virginia pea
nuts, pound 274
jpfclf' TUI BASE/fIENT STORE
BLANKETS, medium
weight, gray or tan, with
washable color C\ AQ
border, pair
BLEACHED PILLOW
CASES, size 42x36 inches,
round fine thread, wear nice
£ch p ! c !‘ 1 ;. 49c
BLEACHED SHEETS,
size 81x90; "Seamless,”
heavy, fine thread, recom
mended for home or
hotel CO OQ
use %7
COTTON BATTING, good
quality, pure white, pOp
full comfort size.... O/L
Our Annual June Sale of
SILKS
Savings of 20% to 40% on every yard
in stock.
—First Floor, Northwest.
NAVY BEANS,
choice white hand
picked Michl
gans.3 pounds 294
RICE, fancy large
head Louisiana; Blue
Rose (3 pounds, 50c),
pound 174
SALT, double refined,
table salt, pound
bags 4 for 194
SALAD DRESSING,
Ludwig’s, being demon
strated and served,
large 11-ounce bot
tle 394
SOAP CHIPB, PeePs
Crystal White, for use
In washing machines,
large package 314
—Fifth Floor.
Guaranteed Hose for Men
6 pairs inasl Q EE?
box for . JLtOO
i
Six pairs are guaranteed by the manufacturer to wear
6 months. What more economical hose are there
than guaranteed—a 6 months’ hose supply for $1.35.
Made of the best tested yarns, heels and toes of
double twisted yams; black, tan, gray and navy,
sizes 10 to 12 6 pairs In a box for (1.35
MEN’S SHIRTS of fine percales and madras, soft turn
back cuffß attached, neat and fancy 4 /Apr
patterns. Sizes 14 to 17. Special t|> JL
Curtains and Draperies
DOUBLE WIDTH
OVERDRAPE RY
REPP, 50 inches wide,
heavy weight; can be
split for window drap
eries; mercerized, fast
colors, rose, blue, green,
mulberry and brown;
$2.75 quality, yd.(2.25
LACE EDGE MAR
QUISETTE CUR
TAINS, 2% yards long,
sheer mercerized mar
quisette that launders
without being stretched.
White or biege color
Up to $4.50 quality,
pair .... (3.69
FILINET FOR CUR
TAINS, 50 Inches wide,
a materia] that resem
bles net but launders
without being stretched.
White and beige,
yard 654
THE HOOVER
SWEEPER
beats as it
sweeps as it
cleans.
—Fifth Floor.
DOUBLE FACED
TERRY CLOTH, yard
wide. For window drap
eries or portieres.
Heavy grade with a re
versible plush face.
Stripe and floral pat
terns, in rich color com
binations; blue, rose
and black, or mulberry
tan and black; $1.85
quality, yard .(1.12J4
SECTIONAL PANEL
LACE, 2% yards long,
a sheer net curtaining
that can be furnished
for any width windows.
Woven In 9-lnch at
tached strips. Lacy pat
terns. White. Up to 75c
quality, special,
strip ~594
—Third floor.
15