Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-11-30

acquire. Of the hearings will be sent out
today. Mr.. Schmid announced. Each
property owner will he assigned time
during Monday. Tuesday or Wednesday
morning. between and - o'clock to ap-
pear. The board viii hear each owner,
who accepts the invitation. declare the
value of his property. With this data
In hand the board will proceed after
Wednesday to personally inspect each
niece Of property. Mr.. Cruise said he be
Iieved the board could begin to fix
definite valuations three or four days
thereafter.
President Mark 81. Miller Of the board
Of public works, which appointed the
appraisers. said that the valuations have
been left entirely up TO the appraisers.
We do not propose to dictate to the
appraisers in any way or even to par
ticipate in any of their hearings" said
Mr.. Miller.
The appraisers met in the offices of the
IndianaDOIis Real Estate Board on the
eighth floor Of the Lemcke building. Their
deliberations were secret It IS under
stood that all Of their meetings viii be
private for the reason that matters OF
personal finance will have to be dis
cussed with property owners and others
in arriving st valuations upon the plaza
site property.
SEEK METHOD OF
DETERMINING VALUES.
I'VE want to be fair with both tie
Mr.. Cruise. "Our instructions from the
board OF works are that we should be fair
and more than fair with the property
owners. We have been told that we must
keep in mind that we are not v2luing the
property of people who want to SELL
but who are forced TO sell and that the
Il IN
this direction. We want everybody to
understand that we do not want to steal
property from citizens nor Lrowbeat them
into taking our figures. What We do
want 20 do IS to place the best possible
price upon their property, and at the
same time be fair to the citizens who
have to foot the tax bills"
There are seven appraisers and two
architectural advisers entrusted with the
work OF valuiIg the block the city Is TO
take over. The appraisers, who are expe-
rienced real estate men, are, besides
Mr. Cruise and Mr.. Schmid: John r.
welch. president OF John r. Welch &
Sons, Inc; Herbert E. Fieber Of Feiber
& Reilly: Harry L. Robbins, SOC LON
bard building: William 4. Young, re-
tired, and william T. Rasmussen, county
inheritance tax appraiser.
The architectural advisers are Robert
F. Daggett and J. Emmett Hall, presi-
dent Of the Hall Construction Company.
While the city appraisers are organic
ing the county commissioners are eX-
pected to name five men to value the
property in the block the county will
acquire. This is bounded by Vermont
Michigan, Meridian and Pennsylvania
streets
COMMISSION Is
READY To PROCEED.
Marcus Sonntag, who was reelected
president Of the Indiana War Memorial
commission at meeting at the State
House Tuesday afternoon, sSid that tine
commission is ready to proceed win
plans for the World War Memorial build
ing which probably will be erected upon
the city block in the plaza. as soon as
it is assured that there viii be no hitch
in the acquisition proceedings of the city
and country. Howard 0Neal Of Craw-
louisville, who was reelected vice presi-
dent of the commission and Paul Com
stock of Richmond, reelected executive
secretary, were instructed to confer with
officers of the American Institute of
Architects at Boston within the next
three weeks upon plans for the building
Under the State memorial law the COM
mission must conduct a Nationwide con
test for architects TO submit plans and
specifications for the memorial. The ar
chitects officials win be consulted upon
the best method of conducting this con-
test The law appropriated S35. 900 as
prizes in this contest. The commission
viii have 100000 with which to erect
the building under the present law