Decatur Daily Democrat, Volume 21, Number 143, Decatur, Adams County, 16 June 1923 — Page 7

TWO CLAIM HER AS DAUGHTER MBMMr ■ .ju ML v * ■F*,‘ Jr ■W® ■’’ -t» ** ' ’ r> W ’M 9 r * Leona Felicia, claimed by two Chicago women as their daughter Chicago.—A Chicago judge, playing the role of Solonion, was called upon to decide Thursday which of two women was the mother of Baby Leona Felicia. Leona was claimed by Mrs. Nicholas Lenz and Mrs. Julia Waszny. The court, after questioning both women and all witnesses, decided that Baby Leona was the daughter Mrs. Waszny, and was of legitimate

j LOCAL NEWS

Mr. and Mrs. Harry H. Knapp and Mr. and Mrs. D. J. Hensley will spend the week-end at Rome City. Miss Naomi Butler who has been visiting at Cleveland, Ohio, for the past several weeks, arrived here today. Otis Myers stopped here a few minutes on his return to Chicago from Monroe. E. X. Ehinger made a business trip to Fort Wayne yesterday afternoon. George Dixon went to Toledo today to attend to business affairs. He will return home Monday. Miss Floronce (Fisher and Virgil Cross returned to Fort Wayne after attending the Eady-Butler wedding here Thursday evening. The Misses Kathryn Dorwin and Irene Youse will leave tomorrow for Muncie where they will attend Muncie Normal this summer. Mrs. Rebecca Eady and daughter, Vera, went to Fort Wayne to spend the week end with relatives. Paul Daniels and Dan Augenbaugh went to Fort Wayne to spend the day. Mr. and Mrs. E. F. Miller, of east of the city, entertained witlr dinner for the Misses Mabel Hower, Genevieve Kltson, Helen Gass and Messrs Bob Meibers and Kenneth Miller, of tlie Old Adams County Bank. Mr. and Mrs. Dallas Hower and family, and Mr. and Mrs. A. B. Ford, of Portland, will motor to Celina, Ohio, tomorrow to spend the day.

ONLY NATIONAL BANK IN DECATUR For the Convenience Os Savings Depositors Dining Hie lust few years our Savinas Department lias grown very rapidly. ’lhis fact indicates the genera prosperity <>l the community shows tlie thrifty inclinations <>l tl - posilors whom it is our piixil'g l serve. i It has always been our aim to give the best of service in all departments, and the growth of out' business has made it advisable to open a new window which will be devote, e.xc usivcly Io savings. This will make it more convenient for our depositors a l business can be transacted with the least possible delay. The window will he in charge of Miss Bose Christen, who will be pleasFirst National Bank Decatur, Indiana Capital and Surplus $120,000,000 MEMBER FEDERAL RESER V E Sl s 1

Bob Meibers wfint to Rome City to I spend the week end at the Tonk cottage. i Mrs. Harry Helm, of this city, Mr. : and Mrs. Ed Yahne and Mr. and Mrs. Mart Lose, of Fort Wayne, will motor to Blue Lake to spend the week end. Miss Josephine Myers left yesteri day for Brown county to attend the wedding of Miss Anita Swearinger . and Horace Oldham, which will take place Sunday. Fred Humphrey and Roger Swan, . of Bluffton, attended the Tri Kappa . dance here last evening. Mrs. L. C. Vanderlip. of Elkhart, I is the guest of her mother, Mrs. Fred ’ Hoffman, for several days. ; Ralph Roop, of Fort Wayne, is spending the week end here with I friends. Mr. and Mrs. A. A. Kist, of • Portland are tlie week end guests of Mr. and Mrs. Al Burdge. . Mr. and Mrs. George LTirick and I Joseph L'hrick, of Monroe, were shoppers here today. Mr. and Mrs. Dave Foreman, Mrs. ■ Ida Bollinger and Mrs. Henrietta Ray, of Monroe, were here today shopping. C. J. McLean, of Holland, Michi- • gan, will arrive tomorrow as a busi- ; ness visitor here. ’ Raymond Harting will leave tonight for Battle’Creek, Michigan to I visit friends over the week end. The Misses Lucille Butler and Donna Parrish returned last evening ■ from Angola where they attended the Psi lota Xi Convention.

THE SERVICE OF A FAILURE BY J. fct. PUELICHER President American Bankers Association

When Governor Walton of Oklahoma signed recently the repeal of the bank deposit guaranty law in that state, he performed an economic service to the whole country. I might even say that Oklahoma in passing

J. H. Puellcher

that law, enduring its evil consequences for fifteen years and theu frankly casting it aside as a failure, has performed an economic service to the nation. There could bo no more convincing argument against the passage of similar laws In other states than Oklahoma's disastrous experiment. The Oklahoma guaranty law was the first of its kind. It was enacted In response to the panic of 1907. But experience hast Only proved again that there is no substitute for sound banking. Relying on the fancied security of the guaranty law, people entrusted their banking to many who were unfit Tor the trust. Bank failures have been so many that the fund, supposed to guarantee deposits, created by assessments on banks, was long ago depleted. It is estimated that with total liabilities created under the law in the form of warrants and sums owing to depositors amounting to $12,000,000, there are in the hands of the Banking Board uncertain assets of nominally $15,000,000, ranging in value from zero to only thirty or forty cents on the dollar, resulting in a deficit of many million dollars. Sound, well-man-aged banks have beqn heavily taxed by assessments to the fund, and the maximum amount that could be assessed on solvent banks is insufficient to cover the deficit It has been well said that guaranty laws make for looseness in banking methods, and oaddle on the competent and honest the sins of the incompetent and dishonest. Let ns have only laws that raise the standard of banking. Let us have no laws that debase it.

NEED FOR UNIFORMITY IN BUSINESS LAWS ■. — How Collection of Just Debts May Be Prevented by Differing State Statutes. ■ An effort to bring about better coordination and greater uniformity . among state laws dealing with bus!i ness*and banking is being madte by j the American Bankers Association. It is pointed out that, although the ■ country is a unit commercially, and , citizens of any one state may do business that reaches all over the coun- ( try, most laws governing business , transactions are made by the different states, with application limited to their own local jurisdictions and often in conflict with laws In other , ; states. It is held that state laws should be uniform so that the same transaction will not be subject to different sets of rules according as state laws differ. To illustrate the disadvantages of conflicting laws, the following illustration is given: Mr. Jones lives in New York where the statute of limitations outlaws a note in six years. He falls into the error of assuming that the same rule prevails everywhere. He visits Maryland and loans 81.000 to his friend, Mr. Smith, taking a promissory note. As the note carries interest Mr. Jones is in no hurry for his money and he believes Smith to be financially responsible. Finally at the end of four years Jones concludes be has loaned Smith the money long j enough and seeks to collect the note from him. But Smith can deny liabil- < ity and point to the statute of Maryland which Jones is surprised to learn outlaws a note after rbree years. Changes Recommended The particular subjects of legisla- , tlon recommended by the association for enactment by State legislatures , during 1923 include uniform acts on negotiable instruments, tills of lading, warehouse receipts, stock transfer, and fiduciaries. . Under the head of laws for better protection of banks in .particular transactions are proposed measures dealing with limiting liability on certified check; instruments based on gambling or usurious consideration; time limit on stop payment; payment of stalo check; adverse claim to bank deposit; payment of forged or raised check; deposits in two names; deposits in trust; competency of bank and corporation notaries; non-pay- ! ment of check through error; Saturday afternoon bank transactions, and I forwarding check direct to payor. Under the Federal Reserve and foreign banking are recommended laws on membership of state instita- j tions in Federal Reserve System, and I foreign banking. Penal laws pro,- ; posed deal with false statements for credit; slander and libel of bank;,,, checks or drafts without funds, and • burglary with explosives. j

DECATUR DAILY DEMOCRAT, SATURDAY, JUNE 16, 1923.

Chinese Bandits Obtain Large Loot From Prisoners (United Press Service) Pekin, China, June 16—(Special to the Dally Democrat)—Total loot of the Chinese bandits Including ransom nnd valuables stolen from the prisoners is about $75,(t00. Tin 1 cabinet today appropriated $55,000 (Mevicun) to pay the outlaws as ransom for the foreign prisoners who have been released and ' this with the loot obtained and the ransoms of individual Chlneso captives brought the total up to $150,000 Mexican or $75,000 American money. Roy Anderson who represented the ' government in the negotiation has I signed an agreement in whit h he pro-1 mises to see to it that the government pledges are observed. China is still without a president following resignation of Li Yuan Hung. ——- -- o Flood Waters Receding (United Press Service) Oklahoma City, Okla.. June 16. — (Special to Daily Democrat) —Flood waters which have menaced Oklar honiti for the last week began to re-

Are You Getting Your HORSES and CATTLE I Entered In The Great NORTHERN INDIANA FAIR? Good Premiums Are Being Offered NOW is the time to enter your driving, draught and farm horses. We are offering a good premium list on all classes of horses. Drop ns a line and enter the horse show. Women of Decatur and Adams County Should Get Busy and Enter With Knitting- Hand Work- fatting -Crochet Embrodiery (Hand Made) Miscellaneous Department For Eadies Juvenile Department | (65 Years Ohl and Older) (Exhibitors To lie Under 16 Years) ASK YOUR MERCHANT I I ' _____ _____ _ ■ --- I ■ n | To Explain Our Free Gift Distribution During FAIR WEEK I ASK FOR FREE COUPON FAIR WEEK MAKE YOUR July 24-27 -WW ™ IES NOW I I i

cede today. Damage estimated nt thomuindH of dollars was caused when torrential rains, inundating rich farming lands and Hooding homes in the lowlands. Reports here indicated the Arkan- J hus river was si ill on u rampage in , Arkansas but little additional damage l was expected. Farm lauds In the vicinity of Fort Smith nnd Little Rock have been flooded and considerable other property damage done. ■ -e C. M. Andrews, of Fort Wayne, was a business visitor here today. J. I’. Johnson, of Monroe, was a visitor here today.

Ashbaucher’s FURNACES LIGHTNING RODS SPOUTING SLATE ROOFING PHONE 765 or 739

Cylinder Grinding WHAT IT IS AND WHY IT WILL HELP YOUR CAR It used to be "How can we get it to run?” Now we ask, "How can we make it run better?" Cylinder Grinding, in a word, is a scientific method of making old motors run like new -usually better than new — and making some new motors run better. It is guarant Ito increase the efficiency and cut down the operating costs of the motor, naturally bringing greater motor pleasure and comfort. Therefore, it is well worth your full investigation. Hofstetter Garage E. Monroe St. Phone 763