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accepted accounting principles additional American National Bank amortization amount ANNUAL REPORT appraised Assistant Secretary Assistant Treasurer Board of Directors boiler capital surplus Chicago 90 coal common stock Companies Consolidated Statement Company and Subsidiary Company's consolidated balance sheet construction Cumulative Preferred stock CURRENT ASSETS current liabilities decrease Deduct depreciation reserves discount and expense earned surplus Electric sales employees ENDED DECEMBER 31 equipment excess profits tax Federal income tax fixed assets funded debt Harding Street plant Harry increase Indiana Indianapolis Elmer Indianapolis Power Indianapolis William installed kilowatt-hours kilowatts LaSalle St less Merchandise Mortgage Bonds OPERATING EXPENSES operating revenues original cost payable PLENDER Power & Light preferred stock Pritchard Public Service Commission refunded related consolidated statements REPORT OF Indianapolis residential customers retired rural Serial Notes statements of income steam Stockholders Stone & Webster Subsidiary Companies Consolidated substation total electric revenues total operating Trust Company Utility plant Vice-President