The Des Moines Register from Des Moines, Iowa • Page 11

JtrXE 23, 194S. DES MOINES REGISTER 11 dition to granting the Increase in there was any evidence of exces sive valuation. RAILWAY Continued from Page 1. fare to the Dea Moines Railway an agreement should be Dr. Nanna Svartz Explains Swedish Medical Situation NEAR ESTIMATE ON AIRPORT BIDS Omaha, Neb.

The River Val-1 near the national guard hangar, ley Equipment Des was reduced from 35,000 to $241,198, Col. Louis W. Pren-' 883 square yards and thickness tiss announced. of the concrete from nine to No bids were received on the (eight inches when bids were ad-first call. On the second call, vertised for the third time.

reached between the city, the cent debentures. Starting in 1940, 1 company ftnd the security hold-interest has been cumulative. er8 to ingure a sound financial These interest requirements position and permit efficient op-amount to approximately $469,000 eration." bids of the same two companies i were regarded as too much above 4 'Pardon my Cost Values. "As far as we could determine, the property values in books of the company just prior to July 16, 1929, with a few minor exceptions, represented cost. "The appraised value of used in the reorganization plan approved by the federal court was approximately 16 per cent higher than the net value shown on the company's books prior thereto." Burp By reducing the size of the proposed aircraft parking apron at Des Moines municipal airport, U.

S. army engineers Tuesday got bids nearer the government Besides depreciation and obsolescence, the accountants said; the company also had a I further loss since 1929 of because "of accelerated retirement of streetcar the estimate. Whether the. Parks iwci.u.i.c-.uriRTiuiA" V) annually. Estimated Boost.

Allen Co. estimated the 2-cent fare increase would boost annual revenues by $450,000. (Last year revenues totaled with a 10-cent fare, the railway company reported.) In 1947, the accountants company b'd this time was con-' wsBceeftnrfcrM ptsfoi nea dorters uTCii-T siaerea reasonaDie was noi an- syaptoaatiereuef medicine utho in bus Tablet. No lautlTO. brlsc eoaiJort tn nouncea.

jury return bottle to tor double money bck 9 Area 'of the apron, to be built BELL-ANS 0T Acid Indigestion 25 4 estimate of $203,091. The low bid of $227,637 wa3 submitted by the James J. Parks Accountants assumed 20 years 2i. as the life of streetcar facilities but found the railway company had not used them that long, substituting other forms of trans Listed Value. As of Dec.

31, 1947, the accountants said, property values of w.h- yy or ENLARGING and REMODELING SALE Now Going On 3-Pc. Sweetheart Set Brilliant 14k diamond solitaire said, "the earning expectancy" of the railway company, before interest charges, was 824,000. i The estimated increase in revs- nues would build this earning expectancy to $504,000. But wage increases granted as of May 1, 1945, will add 5204,000 to operating expenses, so that only $300,000 would remain to meet interest charges, the report said. Thl, the accountants point portation instead.

Of this total loss, the report said, has been charged against operations to date and: $440,661 has been deferred to be; charged against future opera the company were listed as "though this does not tatfe into consideration any reduction due to depreciation and obsolescence or increase due to higher costs at present price levels. "Neither should this figure (the total of $9,252,097 and its Items) tions. "Depreciation Accounting." Allen Co. said the study was matched with fishtail fashioned wedding ring, combined with dainty lT- jewel gold filled watch, all ini th charm of yellow gold. $59.50 NO MONEY DOWN Sweden' foremost professional woman.

Dr. Nanna Svartz, Tuesday night addrefl dinner meeting of the women's department of the De Moine Chamber of Commerce. She was introduced by Dr. Mary Golden (left), department president. not an appraisal of current values of the railway company's properties.

Instead, the firm said, it was "a depreciation accounting treatment, presenting an operating ed out, would be 169,000 less than requirements, but It would equal a 4 per cent return on an investment of $7, 500.000 or a 5 per cent return on an Investment of $6,000,000. "While an increase of at least 21! cents seems imperative," the report said, "we feel there is an- be construed as an appraisal of the present operating values of the properties." The report noted that the capital structure of the company at present was recognized by the federal court in 1929. Studied at Meeting. The report was studied Tuesday morning at a meeting of the council, city legal department attorneys, railway company and ac picture based on service life and (retirement experience over the A Sweden, like America, is critically short of nurses, Dr. Nanna Svartz, noted Swedish physician and one of two women in Prince Bertil's party, told a Des Moines audience other problem involved; namely! past lSa years plus retirements that of providing a sound changes anticipated over the cial position for the company In next 64 years." 1.25 Weekly a 1U1LU or order to effectively serve trans-1 Tuesday night.

atrician, said medcine in Sweden counting company officials. A requirements of the portation city. Analysis of Structure. "The study also covered an analysis t)f financial structure of 5.00 Monthly DIAMOND IMPORTERS copy was given to President C. Gifford of the railway company.

the company, a detailed survey of At that meeting, the company maii ncncR r.miPDN r- repeated its intention of suspend I jewfjers io waiaui si. VV T-T TTI Des Moines, low it a aiK i ing service on six "money-losing" line3 next Monday unless the re plus 27e State Salts Tax. I NAME I quested fare increase is granted. "Futher Dissipated." "If an increase In revenue Is to be used primarily to meet pres-1 ent interest obligations while annual provisions for depreciation and retirement are limited to $217,000, we believe resources of the company will be further dissipated. "It is our conclusion that in ad- the physical properties and depreciation and an interpretation of operating results since reorganization on July 16, 1929, under federal court order," the report said.

"The examination did include an analysis of the financial history and capital structure since' 1SSS in order to ascertain whether Mayor Heck Ross said the com is "perhaps half socialized." The doctors are very much against full socialization," she added. State Operated. Nearly all hospitals in Sweden are owned and operated by the state (Sweden) or county, Dr. Svartz explained. Needy patients are taken care of free of charge, but each hospital has some private beds at a fee of $4 to $5 a day.

There also are some private hospitals and institutions, she said. Dr. Svartz, 58, named by her I country as its foremost professional woman, addressed 200 persons at a dinner meeting of the women's department of the Des Moir.e Chamber of Commerce in Younkers tearoom. Because of the scarcity of nurses, the Carolinian hospital in Stockholm this year had to close parts of its medical and surgical departments, Dr. Svartz ca.d.

Heads Hospital Since 1940, she has been a pany was asked to extend the I ADDHESS I CUT STATE I Cash Charre C.O.D. Larawayj 510 Walnut suspension date to July 15 "but didn't feel like they could give us that much time. Voluntary public collections taken on King Gustav's seventieth and eightieth birthday anniversaries were used to further research in cancer, Infan professor of medicine at the Carolinian Institute which an-1 nually awards the Nobel prize in medieinie and physiology and head physician of Its hospital. Swedish women in increasing numbers are turning to the medical profession as a career, said Dr. Svartz.

"Compared with or three girls in each class of 40 vhen I started teaching there now are 10 to 15," she explained. Dr. Svartz said interns, who were paid less than $500 a year when she served in that capacity, row receive $2,000 annually. Only department heads are permitted to engage in private prac tile paralysis and rheumatic fever, Dr. Svartz said.

"Sweden is behind the United States in facilities for the specific treatment of diseases such as tuberculosis," she declared. Dr. Svartz said she had "benefited greatly" by the "opporunity to visit" your hospitals and laboratories." Dr. Golden Presides. Dr.

Mary Golden, president of the women's division, presided at the event, attended by guests from the women's department of the Iowa Farm Bureau federation and the Des Moines Women's club. Dr. Henry G. Harmon, Drake university president, introduced the speaker. tice, she said, all resident physi- cians being required to devote full time to their hospital work.

Dr. Svartz, whose husband is Dr. Nils Malmberg, noted pedi- WOMAN GONE AS BOYS PAY DEBT But now, authorities cannot find Mrs. Swesey. She had been living in the 1900 block on Hickman road at that time.

It took Juvenile authorities a time to collect $112.50 from the six boys who stole defense stamps from Mrs. Margaret Swesey. JTow they can't find Mrs. Swesey. It was three years ago that Juvenile Officer Adrian Clark took the six boys into custody for the theft.

Three of them had previous records and went to the Eldora training school. The other three promised to repay the money if put on probation. They finally paid the debt, a dollar or two at a time. Juvenile authorities also have $12.92 for Lloyd Reider who used to live on Harding road south of University ave. Reider re-' portedly ha3 moved "to a farm in i north Iowa." The youth who stole Reider's bicycle snd numerous other Items several years ago finally has accumulated enough to make the payments.

a a B. H. Schneider Rites Thursday fri T757 -57 TOYm Funeral services for Bernard H. Schneider, 52, of 480 Maple Arretted on Charge Of Drunken Driving Carer.ce Baccus, 40, an iron nculder, who gave his address as S26 E. Twenty-sixth court, was arrested Tuesday night on a charge of operating an automo-be while intoxicated.

Patrolman Harold Fryman said Eaccus car struck the side of an automobile driven bv Glenn Mil will be at 9 a. m. Thursday at Visits Ion church. Burial will be at -St Ambrose ceme tery. Mr.

Schneider (SBaE)Il'Q died of a heart ailment Monday Wtlden Osteopathic hos pital after a six is-- weeks illness. I I A 1:1 I I Ill III He was born ler. 23, of 1857 Walker at Easton boulevard and E. University avenue. Both cars were damaged but eo one was Injured.

Fryman said. Eaccus submitted to a blood test for alcohol at Iowa Lutheran hospital, according to police. Reppert Reports No Expenditures Sheriff Howard C. Reppert reported Tuesday he received no contributions to his political campaign in the primary and had at Dyersville and lived 31 years ln DfS Moines. He was a salesman for the Farm rs Mutual Hail Insurance Co.

Surviving' are his wife. Vir ginia; a daughter, Mrs. Marvin Peel, Denver, three broth ers, John, of Remsen; Albert, of Park Rapids, and Herman, of Sioux Falls, S. and two sisters, Mrs. Mike Gallus, Remsen, and Mrs.

William Bohlke, Granville. The rosary service will be said at 8:15 p. m. today at Conley Funeral home. so expenditures.

F.erpert, a Democrat, was one cf four primary candidates filing election expenses In the county auditor's office. George E. Stillwell, retired West Des Moines grocer, reported 570-4? spent for advertising in his unsuccessful campaign for the Republican first district supervisor nomination. He reported cne contribution of $30 from Russell Casson. Clyde E.

Fairgraves, unopposed as the Republican candidate for clerk, spent $94.12 for advertising. He reported no contributions. Supervisor Guy E. Williams had no contributions and spent $126.49 in winning the Republican nomination as third district supervisor. formance with economy of its world's champion Valve-in-Head engine and in the stopping-power of its Positive-Action Hydraulic Brakes all exclusive to Chevrolet at lowest prices and with low cost of operation and upkeep! CHEVROLET AND ONLY CHEVROLET IS FIRST in all-round value.

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Another store for Clinton, to be located in the Lyons section in the north part cf town, is under consideration. Commission officials said the Lyons application Is being investigated, SOOTHES "VTV IRRITATED ifsEj (yM NOSTRILS I 7 Sr EASIER ifL VBREATHINO- Crescent Chevrolet Co. 536 Fifth St Phone 4-3115 Ed Of Dea Chevrolet Co. 623 E. Grand Phone 4-4196 Paul Manning Chevrolet, Inc.

1021 Locust St. Phone 4-4247 Ray Spencer Chevrolet West Des Moines Phone 7-2822 MCMTUAI ntFIIIK. 5 1 4.1. OMMi I I 4.