Text for Bulletin of the Indianapolis Chamber of Commerce, January 1932, Vol. 47 [sic], No. 1, page 4

              THE   BULLETIN
Help Make Jobs
THE  BULLETIN
PUBLISHED MONTHLY BY
INDIANAPOLIS CHAMBER of COMMERCE
OFFICERS
Louis J. Borinstein, President
Ed Hunter, Secretary
Theodore B. Griffith, V.-Pres.
George S. Olive, Treasurer
DIRECTORS
Charles F. Coffin
Frank E. Gates
Howard T. Griffith
Joe Rand Beckett
Clarence E. Crippin
Frank B. Flanner
Milton K. FoxworthyDick Miller
Perry W. Lesh George S. Olive
Wm. A. Mooney, Jr.    Paul Q. Richey
Edwin J. Wuensch     C. H. Rottger
Louis J. Borinstein
Henry L. Dithmer
Theodore B. Griffith
M. D. Lupton
Frank J. Horuff
Samuel Mueller
Wm. H. Trimble
STAFF
H. B. McNeely, Commissioner
Freight and Traffic Division
William H. Book
Director Civic Affairs
Herbert O. Fisher, Aviation
C. G. Dunphy, Acting Industrial
Commissioner
Richard W. Bunch, Financial
Secretary
Harmon E. Snoke, Director Public Relations
HARMON E. SNOKE, Editor
PUBLICITY COMMITTEE
Perry W. Lesh, Chairman
R. C. Rottger, Vice-Chairman
Adam Bowman
Ernest Cohn
Tom S. Blrod
Samuel Freeman
T. Kornblum
John C. Mellett
Earl Mushlitz
Carl D. Patterson
Brlant Sando
Sydney A.   Sullivan
E. A. Tapscott
Julian Wetzel
Advertising rates upon application. Subscription rate 60 cents
per yoar. Single copies, 10 cents
Vol. 47
JANUARY, 1932
No. 1
I should  be  given  to  any  reduction  in  the
| present   margins   of   bonding   power   now
available.
Indiana was wise in placing a legal limit
on the bonded debt which might be incurred
by any local taxing unit. The state itself
cannot issue bonds and thereby incur any
long term indebtedness. Due care has been
exercised at all times in the creation of new
taxing and bonding units of government so
that localities would be protected from programs which might impair local governmental credit.
Several years ago the Indianapolis Chamber of Commerce prepared a survey and suggested program for capital expenditures
which would be financed both through public
bond issues and direct tax receipts with the
thought in mind that even in the most prosperous times care should be exercised in
planning public capital expenditures.
It is well that a word of caution be uttered
today to those who would reduce the available
bonding power of local governmental units.
"United We Grow—
Divided We Stand—Still"
BUSINESS AHEAD
With the creation of the new Reconstruction Finance Corporation by the government,
public confidence in financial institutions
of the nation should "turn the corner" and
release into productive circulation much
hoarded wealth.
Strengthened position of financial institutions, through the availability of loans
from the government corporation and
through the reduction of the tendency toward
private hoarding, will tend toward a slowly
easing credit situation.
Buying during spring months should
reflect the strengthened financial condition
and the easing of credit so that the total of
moderate purchases should help in the circulation of credit as it becomes available and
lead to improvements in industrial activity.
There is nothing in sight which should be
interpreted as being indicative of any rapid
increase in buying volume or manufacturing
production. However, there is enough of an
indication of some definite improvement
to make it of vital importance that business men keep informed very carefully on all
developments so that they may take advantage of every opportunity offered.
Through careful buying by wholesalers and
retailers this spring to take care of the
moderate rise which may be expected, and
with studied expansion of manufacturing
volume, some profit may be realized from the
business activity under the eased conditions.
Good management and hard work to gain
some share of business this spring will tell
much in the balance sheets at the end of 1932.
PUBLIC CREDIT
Many suggestions come forth in one form
or another for the issuance of public bonds
to meet some seeming need or as a general
"cure all" for the unemployment situation.
Local municipal, school, and county governments should guard today against the
impairment of public credit through the
issuance of bonds. Most careful consideration
LENDING A HAND
Day by day the needs of the city's unemployed are being brought before those more
fortunate citizens who are able to contribute
aid through the local established or emergency relief agencies.
Opportunity has also been growing for
disseminating information about the facilities available for unemployment relief, what
funds are available, and what distribution is
being made of this money to meet the need.
With the many needs of the unemployed
to be met, one phase or another may loom
more important than the rest when placed
under a fact finding glass.
Township trustees, backed by the County
Commissioners, have greatly improved their
arrangements in supplying the general needs
of fuel and food within the limitations of the
law. This has already accounted for an
enormous expenditure of public funds contributed by taxpayers. In the matter of food,
particularly, the township trustees have endeavored to obtain best available counsel on
the dietary values of food supplied to the
needy.
Established welfare and relief agencies
have expanded their facilities to some extent
through additions to their budgets. The
sociological side of welfare work has not been
curtailed at the expense of outright poor
relief.
So far this year the Emergency Work
Committee has been unable to supplement its
"work for relief" plan with cash wages which
might be expended by those in need at their
own discretion to supply some of the small
needs which organized relief cannot provide.
Probably the greatest need at the present
time in the scheme of local relief, when taken
as a whole, is for the small supplemental cash
relief which could be disbursed by the
Emergency Work Committee.
Now is no time to make raids on public
funds for additional relief. Through the
Made Work Fund affairs of a public nature
are being conducted in an effort to raise
sufficient funds for the Emergency Work
Committee to add the cash supplement to
public relief supplies.
Money is not forthcoming rapidly enough
to permit continuation of the cash payment
were it started from funds now on hand.
Citizens should aid in making the Made
Work events successful and otherwise interesting themselves in seeing that their generosity, though intended to aid in such an enterprise, is not thwarted by being side-tracked
in some other direction.
City Aviation Grows
Reports for 1931  Reveal
Great Record
Approximately 70,000 miles have
been flown by airplanes out of Indianapolis airports during the last
year according to information compiled by the Aviation Committee of
the Chamber of Commerce of which
Joe Rand Beckett is chairman, and
Herbert O. Fisher, secretary.
The Indianapolis Municipal Airport started operations February
16, 1931, when the T. & W. A. transferred their base from Mars Hill
Airport. Full activities and the
servicing of transient planes did
not begin until late in March when
the American Airways also moved
to the new municipal port. The following statistics are for the nine
months of full operation, beginning
April 1, 1931, until January 1, 1932.
During this period a total of 11,095
transport passengers cleared the
port. Of this number 2,379 passengers arrived here, 2,303 departed
from this station and 6,323 were
through passengers. Aside from the
revenue derived directly at the port
by this transport activity, it is
obvious that the city of Indianapolis gained certain revenue from
the hotel and traveling expenses of
passengers spending time here.
These expenditures would be well
above the average of commercial
travelers. It is also obvious that if
Indianapolis did not have a port of
such excellence these travelers
would, in a high percentage of instances, choose a city better equipped as to airports to spend the
night.
Student Flying-—The next item
on the yearly report is the student
activity at the municipal field. During the nine month period of operations there were 4,464 student
flights totaling 587 hours in the air.
Considering general conditions, this
activity is very encouraging.
Mail Clearance—The mail cleared
from Indianapolis over the period
of this report was 18,720 pounds
inbound and 29,411 outbound. The
increase by months during 1931 has
been very marked as far as air mail
is concerned and compared to
middle west cities of corresponding
size, this total is very satisfactory.
Again, aside from the revenue indirectly received by the port and
the operating companies, the cancellation credit on approximately
fifteen tons of air mail at five cents
an ounce is considerable for the
Indianapolis post office.
General Totals—The next totals
are those of the passengers carried
by military pilots and short
pleasure flights around the field and
over Indianapolis. Added to the
transport passenger total this figure sums 13,812 passengers flown
from the municipal airport during
the nine month period. There was a
total of 1,198 hours flown locally at
the port and a total of 9,825 takeoffs
and landings. The growth throughout 1931 has been steady and consistent. Beginning with April the
activity increased steadily until in
September and October the figures
for the early months were practically doubled. There is every reason to believe that 1932 will continue in this steady upward trend.
It is also a trend of the time in
aviation to note that this entire
movement was carried on without a
single serious accident.
SCHOEX FIELD
At Schoen Field, Fort Harrison,
1,522 hours were flown and the total
mileage was 16,922. Ten planes are
used at the field and there are
eighteen active pilots.
NATIONAL GUARD
Total flying hours at the National
Guard Field amounted to 2,864 and
the mileage was 28,640. The local
unit ranks second among the nineteen aviation units of the country in
number of hours flown.
HOOSIER AIRPORT
Passengers carried from the
Hoosier Airport numbered 1,725,
and the total number of hours flown
was 1,375. The mileage was 12,375.
Approximately 200 transient ships
stopped at the field.
Frederick C. Atkinson, Inc.
213 E. South St. KUey2174
Consulting Chemist
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Bulletin of the Indianapolis Chamber of Commerce, January 1932, Vol. 47 [sic], No. 1

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