Decatur Daily Democrat, Volume 33, Number 232, Decatur, Adams County, 1 October 1935 — Page 5

■POSITS IN BANKS HIGHER In 1935 spoils links inereuked the fisca* - vuar e " dlng d “ IMS orer that of the preL Jr to a total of M ' <in» to figures compiled Bankers Asaocireflected by information L from the Indiana depart- [ of financial institutions and Federal Reserve Banks of Chi'Jd St. Louis, according to XUment made by B. DJ.’ president Union Bank and Company. Kokomo, and presiof the Bankers Association, .owint increase after increase h , total, derived from the M,te bank statements, a $4. <75,drop i» *»»* loanß and dl * u of the Indiana banka was .than absorbed by the increase w purchase of government se ies and general market bonds, il loans as of June, 1935. tutted to $208,764,773 whilf gov,ent securities increased $50.U| to a total of $176,629,001 CORT ,ast Time Tonight - let Gavnor ■ Henry Fonda ‘THE FARMER TAKES A WIFE” L Bickford, Slim Summerville, ijane Withers, Andy Divine. » us-AII Colsr Silly Symphony I and Fox News. 10-25 c Wed. - Thura. I Ann Sothern - Jack Haley Roger Pryor ■•THE GIRL FRIEND” Coming—•RED HEADS ON PARADE” glorious musical romance with In Boles. Dixie Lee (Mrs. Bing «by). Jack Haley, Alan Dinet and 48 glorious Red haired sties.

ATTENTION Cream Separator Users We arc setting aside Friday and Saturday, Oct. Ith and sth as FREE SERVICE DAYS on Primrose and McCormick Deering Cream Separators. Bring in your old machine and <vc will repair it with no charge for labor. ON BOTH Afternoons See this McCormick at 3:00 P. M. We Will Deering STAINLESS SKIM COLD MILK * C e g UNDER CERTIFIED STEEL separator doing TEST. this difficult work. REMEMBER THE DATES. OCT. 4th and sth. at the McCormick Deering Store Decatur. Ind. Power Light Water Bills for September, including the quarterly bills for rural customers are now on file and can be paid at city hall. Avoid collection charges by paying | before October 20. “It’s to YOUR interest to pay YOUR city plant bills.’’ I AT YOUR SERVICE. Light and Power Depts. Water Work Dept

and general market bond holdings advanced $18,903,466 to a total ot 3101.596.108. The Increase of deposits and lack of loans and discounts also found the banks carrying higher cash balances in their I own banka and with other banks [with 3222.048,827 representing an increase of 366.893,888 over the figure of 3166,154.939 ot June, 1934. The funds of Indiana deposits as represented by the $649,072,941 on deposit June, 1935, is approximately invested tn loans and discounts to the extent of 30%, general market bonds. 13%, cash and balances with banks 32%, and government bonds 25%. The amount represented by the balances carried with other banks which is Included in the 32% is invested in the type of assets found today in the larger city banks and the Federal Reserve Bank, according to Mr. Mitchell. With the capital ot Indiana banks increased by $5,941,178 to a total of $91,774,998 including $15,973,175 of Reconstruction Finance Corporation capital as ot June, 1935. the ratio of capital to deposits of $649,072.941 is one to 7.07. With the tendency by the government for a one dollar of capital to ten dollars of deposits, it would seem in spite of the rise in Indiana bank deposits that the average bank ot Indiana is amply capitalised, Mr. Mitchell remarked. • Time and savings deposits showed an Increase of $55,222,079, the increase advancing from $202,014,396 tn June. 1934 to 1257,236,475 in June. 1935. These funds are the interest bearing funds as is the $82,132,219 in public funds and the $11,602,322 in postal savings on deposit tn June, 1935. The postal savings funds showed a decrease of $5,722,976 from $17,325,298 in June, 1934 to $11,602,322 in June, 1935. Occasioned by the announcement of the United States treasury department in March, 1935 ot the withdrawing of the antional bank note circulation‘privilege by certain stipulated callings of the bonds securing the circulation, the circulating National Bank notes outstanding in national banks in Indiana showed as of June, 1935, a decrease of $10,569,470 from June. 1934. which leaves only $4.043.317 still in circulation. Mr. Mitchell revealed. Breaking down the totals into classification of the 427 state banks and the 125 national banks in Indiana. the state banks showed as of June. 1935. total deposits of $317,743,195 as compared to the deposits in national banks of $331329,745. The capital ot state banks for the period amounted to ssl.-

DECATUR DAILY DEMOCRAT TUESDAY, OCTOBER 1, 1935.

New U. S. Army Airship Passes Test Flight / ■ > | s- army’s TGI4I I aferr- *us,army W&fe- t MX u. * “ ' — ' _

Tert flights of the U. S. army’s TC-14 at Scott | Field, Ul n where this photo was taken, were pro- |

275,851 while capital in national banks showed at $39,499,147. latans and discounts for state banks for the same period totaled $133,308,549 and national bank loans and discounts were $75,456,223. Total cash and balances with banks tor the state banks showed $99,554,099 and for national banks $122,494,727. Government securities amounted to $65,737,161 for state banks and $110,891,840 for national banks for June, 1935. The holdings in general market bonds for the period were about the same, the state banks holding $51,569,532 and the national banks $50,026,570. Totaling the aggregate bank statements, the condition of the Indiana banks showed a deposit increase of $131,696,158 over the twelve month period. June, 1934 to June. 1935; cash and balances with other banks increased by $55,893,888; government securities increased by $50,160,432; general market bonds increased by $lB,903.466; loans and discounts decreased by $4,775,168; capital increased by $5,941,178, and circulating notes decreased by $10,569,470. WOMAN IN RED FIGHTS ORDER Woman Who Put Dillinger “On Spot” Pleads To Governor Indianapolis, Ind., Oct. I—(UP) —Mrs. Anna Sage, “The woman in red,” returned to Chicago today after making a (personal appeal for aid of Gov. Paul V. McNutt in her fight against deportation. The governor took under advisement filer petition for pardon tot wipe out a 1939 conviction on | charges of operating a vice resort i in Gary. Mrs. Sage, who claims she ptU ' John Dillinger "on the spot” for f« * oral agents, faces deportation to > Roumania as result of her criminal convictions. A pardon will strengthen her deI sense against deportation to Roll- ■ mania as an undesirable alien, her attorneys argue. Mfw. Sage won a federal court I habeas corpus hearing and temporary stay from deportation until i October 3 when she told authorities last week end that she informed federal agents of Dillinger's whereabouts. In the event her appeal to the 1 governor fails, Mrs. Sage planned I to carry her fight to United States I senators Sherman Minton and Fred- | erick Van Nuys. Mrs. Sage, who was publicized as the "woman in red” immediately i following the shooting of Dillinger in front of the Biography theater in Chicago July 22. 19:’,4, conferred at Ingth with Captain Matt Leach of the Indiana state police. Capt. Leach knew the women as I "Katy Brown” when he was a member of the vice squad in Gary. He I took her and her associate counsel ‘ Kenneth Parmalee of Gary to the i gov rnor's office. —o ■— . McNabb Ref uses To Quash Indictments Fort Wayne, Ind., Oct. 1 (UP) —Motions to quash indictment* against two prominent Allen county residents wore overruled late yesterday by Judge Clarence R. McNabb in Allen circuit court. The trial of Lawrence F. Hoeltjo, Wayne towtsnhip assessor, on charges of issuing fraudulent cheeks, embezzlement of public funds, violation of blue corrupt practices act. and bribery, was set for November 21 by Judge McNabb after he had overruled a motion to quash the indictments. Judge McNabb also overruled motions to quash 24 indictments found against Harold H. Getting, chief deputy under former sheriff Fred iG. Luuz. netting is charged with embezzle meut of funds belonging i to Allen county and to Luus.

nounced a success by observers. The non-rigid airship is the largest in the world of its type.

CONFESSES TO STARTING FIRE Store O wner Hired Friend To Set Fire Costing 10 Lives ! Chicago. Oct. 1.-(U.R) —Frank Vitali, a grocery store owner, confessed today, police said, that he hired a friend to sbt a tenement building fire lit which 10 persons lost their lives. The alleged tirebug, Joseph Dichiara, admitted that he was promised SIOO for starting the fire in Vitali's grocery store which occupied the first floor of the threestory building, police said. A plot to collect $3,000 insurance on Vitali’s property was said to have prompted the fire. Five children, three women and two men suffered fatal burns in the fire which followed an explosion at midnight Sunday. The latest victims who died last night were Frank Cappola, 45, and his daughter, Philomena, 8. Four oth er Cappola children also perished. Police quoted Vitali as saying he planned the fire because "he . was losing money every day." His i nephew, Joseph Vitali, also was inEvolved.

According to the confession. Di chiara at first insisted upon payment of the SIOO before starting the fire but after a long conference with the two Vitalis Sunday agreed to collect his money after the insurance was paid. Police said Dichiara spread naphtha from three five gallon cans around the interior of the store, struck a match and fled. The explosion and flames trapped men, women and children in their living quarters on the second and third floors of the building. Several were Injured when they leaped from the upper floors. Seven other victims of the fire still are in serious condition. FRANCE, BRITAIN CONTINUED FROM PAGE ONE Premier Pierre Laval and Sir George Clerk. British ambassador, and a meeting of Laval and the Prince of Wales with Maurice Gamelin. generalissimo of the French army, at the British embassy. Itoth conversations were regarded as developments of major importance in the Italian-Ethio-pian dispute, coming at a time when Britain is seeking to gain French support in the crisis, and France seeks in return to win Britain's agreement to act. with similar firmness in any crisis involving European nations —really Germany. The meeting between the Prince and La.val at a time so grave in European history was viewed as a sensational turn in events. His surprise visit to the British delegation at the League of Nations during one of the most critical phases of discussions there was recalled at once. Remain At Posts (Copyright 1935 by United Press) Addis Ababa, Oct. 1— (U.P) American adventist missiouaires decided today to remain at their posts despite the threat of Italian air raids on the defenseless capital In order that they may aid in caring for wounded men and I women. Fully cognizant, of the imtninettce of war. the missionaries made their final decision to remain. American. Swedish Danish, and Belgian men and women of the j mission—that of the seventh day adveutits —went with their American director, Ernest D. Dick, to the British legation and there were fitted witli gas masks from a lot of 2,190 which British authorities placed at the disposal ot | otherwise defenseless civilians. Most of the missionaries have medical training and in a Country which has almost uo surgeons or j

physicians of its own, their services to Ethiopians are Invaluable. $75,000 SUIT 1 CONTINUED FROM PAGE ONE answer to testimony ot the plain-1 [ tiff and of the complaint which had alleged that Mrs. Caylor wan not a physician and was not qualified to handle the X-ray machine. Or. Nickels also attack'd ttie method of diagnosing Ratliff’s condition which was given in previous testimony by the plaintiff. Dr. Nickels testified that it would be ' impossible to differentiate between ! third degree X-ray burns and advanced stages of exxema except by a biopsy. — — o-— — COMMITTEE TO CONTINUED FROM PAGE ONE and 1932. I Parity prices are paid upon 54 per cent of the crop. This is the per cent of wheat grown in the country which is consumed domestically. The rest is exported. 0 _ Faultless Nobelt Pajamas are here and can be seen at Peterson-Everhart Co.

WINNERS 4 Sealtest Word Game H During the month of August, the Cloverleaf Creameries conducted a “SEALTEST” Word Game contest, and so great was the response that we take this means of ex- BUn pressing our appreciation to the many who took part in it. Hundreds of entries were received ... judging was BUM difficult... the judges have made their decisions ... HI awards have already been mailed. To the winners we Kmß| extend congratulations and to the many who partici- H pated, we say, thank you for your cooperation. GRAND PRIZES Mary Miles and Luther Hammitt, Portland, Ind. 16 FIVE dollar i>rizes S Alta Foster, Route No. 5, Rochester. Ind. Mrs. Adrian Wcmhoff, 4Di Marshall St.. Decatur. Ind. Mabel Parker, LaFontaine, Ind. Mary Emery, 327 8. W. Ist St., Richmond, Ind. Ths. . mh i. m nn van. i C( . Will R. Ku b ley. Mentone, Ind. CrHm package is your a»»ur- Mrs. Fred M. Elzey, 103 E. Arch St., Portland, Ind. ance of the finest ice Cream Dr. [}. Holaday. 217 Pearl St., Richmond. Ind. you can buy. The special Misb KAtherine E. Bunch. R. R.. Rochester. Ind. "S'f 1 '* 8 '” TJT™ Charles 11. Essig, 800 Pontiac St.. Rochester, Ind. of UP this’cloverleaf ice Cream Mrs. Elizabeth Essig. R. No. 1, Argos. Ind. is gaining in popularity dally. (Jordon Klehfoth. 222 Kinsey St., Richmond. Ind. Barbara Schnelle, 115 Kinney St.. Richmond. Ind. Serve Cloverleaf 'Sealtest’ Cedric Voglewede, Fifth St., Decatur, Ind. Ice Cream regularly. Rich Mrs. Walter Klehfoth, 101 N. 2nd St., Richmond, Ind. menu iCT'anod for VOU- tledh H ™ry. State R ° Ute 31 ’ MICV, ,n(L BV and your family as well. Mary Katherine Nagal, Children’s Home, Greenville, O.

RAILROAD SOLD TO SWERINGENS Noted Brothers Regain Control Os Vast Railway System New York, Oct. I—XU.P) Three or four men will march inconspicuously into 23 Wall Street today, lay a check for $3,121,000 on a desk and receive in return control of 28,000 miles of railroads, several barge lines, 16 warehouses and assorted reaJ esiate. the whole once valued at $3,000,000,000, Simultaneously J. P. Morgan & Co., of 23 Wall street, will write off a loss of approxlately $45,000,000. • The men with the check probably will be Oris Van Sweringen and Col. Leonard P. Ayres of Cleveland, although the detail of actual payment may be left to subordinates. It was perhaps sufficient for Van Sweringen that he and his brother. Mantis, regained control yesterday in the largest auction sale in Wall street history, of an industrial empire that they built from a proverbial nickel and then lost. Chunky Oris Van Sweringen, noted like his brother for the infrequency with which he speaks for public consumption or appears in public places, beamed like a sun at the turn $3,121,006 had made in his fortunes. But he expressed regret at the heavy loss forced upon the Morgan interests. “I would rather have paid the bill,” he said. He referred to a loan of approximately $41,000,000 the Morgans made some years ago to the Alleghany corporation, peak of the Van sweringen brothers’ holding companies, and accumulated inter- ' est of about $9,000,000. When the I loan was made the Alleghany corporation gave collateral in se- ■ curities with a market value of $ 116,000.000. The economic circumstances that made Alleghany j unable to pay back the loan depreciated the collateral. The Morgan interests took control of I Alleghany May 1, when the loan was defaulted. Yesterday, in "the graveyard of

dead securities," the yellow-walled and garishly lighted salesroom of Muller & Sons in Wall street, J. P. Morgan & Co., auctioned lite collateral. Midamerlca Corporation, organised Saturday by the Van Sweringens and their friends, bought stocks which carry control of the Alleghany’corporation and the Pittston company, control of the latter carrying Interests in the Baltimore & Ohio railroad and barge lines, warehouses and trucking firms, principally in New York. Hallgarten & Co., of New York bought $1,276,000 worth of Hupp Motor Car corporation common stock, and «ome miscellaneous railroad and industrial stocks, but the Van Sweringens regained control of their major properties. The men who thus, for slightly more than $3,000,000 gained control over one of the country's largest financial empires, include two former newsboys tend a onetime newspaper reporter. Both the Van Sweringen brothers started their business lives with armloads of papers on Cleveland streets. George Ashley Tomlinson of Cleveland, 66, one of MidAmerica's incorporators, was born

MADISON Theater - Last Time Tonight - “DR. JEKYLL & MR. HYDE” with FREDRK MARCH and MIRIAM HOPKINS. Added — Selected Short Subjects. 10c-20c NOTE: GOOD NEWS for you WESTERN Fans! The FIRST of the Death Valley Series by CLARENCE E. MULFORD-"HOP-A-LONG CASSIDY” with Wm. Boyd, Jimmy Ellison, Paula Stone —will be shown at THIS Theater, this COMING Friday and Saturday. A PARAMOUNT Production. There is a TREAT in store for you! DON’T MISS IT! NO INCREASE IN PRICE! Coming — GARY COOPER and RICHARD ARLEN in ••THE VIRGINIAN.”

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on a Wyoming ranch and years ago was a New York Sun reporter. Now he la one of the largest owners of ships on the Great Lakes. The other principal contributor to MldAmerlca capitalization was 0. A. Ball, glass jar manufacturer of Muncie, Ind. OBSERVANCE TO CONTINUED FWM PAGE ONE daily Ilves. They contribute to our Civilization, through the arts and sciences, in man’s dealings with man, and In the direction of governm?nt, to such an extent that ho who, perhaps, has never opened the covers of a Bible nevertheless reads its words and phrase*: in newspacer, magazine, and book.” — 0 —— Blind Girl, 11, Is Composer Council Bluffs. lowa (U.P>* Culla Bennice, 11, although blind, plays piano, violin and piano accordbm and composes many of her selections. She is attending the lowa School tor the Blind at Vinton, where she has been ft student seven years. — Trade in a Good Town — Decatur

- Last Time Tonight - Geo. Burns and Grade Allen in “HERE COMES COOKIE” with Geo. Barbier and Bettv Furness. Added —A LAUREL A HARDY’ Comedy; A Cartoon in COLOR, and ‘TRICKS OF THE TRADE with The Easy Aces. 10c-25c Wed. A Thurs. — “JALNA” — the SIC,OOO Prize Novel — with Kay Johnson, lan Hunter, C. Aubrey Smith, Nigel Brucei, David Manners, Peggy Wood, Jessie Ralph, Molly Lamont. Starting NEXT Sunday—"CHlNA i SEAS" — with CLARK GABLE, JEAN HARLOW. WALLACE BEERY. Continuous ALL DAY SUNDAY, starting at 1:15 P. M.