Decatur Daily Democrat, Volume 52, Number 158, Decatur, Adams County, 7 July 1954 — Page 6

PAGE SIX

Humphrey To Seek Debt Limit Raise Treasury Secretary . - Will Seek Increase 1 WASHINGTON (INS)—Treasury secretary George M. Hnfophrey is expected to meet with senate leaders during the next 10 days to ask that the national debt limit he boosted to 290 billion dollars. Administration sources say that the present 275-bUHon-dollar debt ceiling must be raised soon if the government is to carry on its authorised functions. Several senators, led by Sen. Harry F. Byrd (D-Va.), strongly oppose any such legislation. Byrd insists that continued deficit spending will lead to national bankruptcy. An administration bill, passed, by

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REAL ESTATE FOR SALE

5 ROOM modern home located tn the north end of town. Thia home is only six years old and has just been newly redecorated. It was built under fha inspection. A NEW 3 -bedroom home. Located in the west part of town close to the new school site. AU modern home with foil basement and complete built in features. FHA or GI loans available. , ONE OF THE very fine homes located tn Stratton Place. Spacious living room and dining room. Beautiful two way kitchen with garbage disposal. automatic dish washer 4 and other buik in features. Two largo bedrooms with double cloeets and built in chests. Large bath with tub, glass brick shower and tile walls. This io heated by a very fine radiant beating system. At- » tached garage. L i HOW WOULD YOU like to buy a pew 3 bedroom home located north of Decatur to a beautiful wooded section on 1% acres. Thia beautiful home haw two stone fireplaces, one inside and one outside, all Anderson windows, colored bath fixtures, double closets, dining room, large kitchen with buik in features, utility room. 2 car garage and breezeway. Thia home must be seen to be appreciated. <r • r ' r - A VERT FINE constructed modern 5 room home located in the South part of the city. Full basement and' «ae beat, everything automatic. Large kitchen and dinette, dining room, large Urine room. 2 bedrooms and bath, sleeping porch, an unfinished upstairs that could be finished into 2 bedrooms, 3 car garage.

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the house, to raise the debt limit to 290 billion has been held for nearly a year by the senate finance committee headed by Sen. Eugene D. Millikin (R-Colo.) Official treasury department reports made public Tuesday showed that during the fiscal year which ended June 30 tbe_national -debt went up from 265 billion, 600 mfl- ' lion dollars to 270 billion, 800 mil- * Uoa -' ‘ M?/ ■' The treasury expects to have to * borrow a net 10 billion dollars be--1 tween now and Dec. 31 — which would mean that before the year is * over, the debt will rise to 280 blli lion. i > • ' ■ ' ■ i “ vr '‘' • Some Wind Damage Reported Tuesday Some Os Telephone Service Disrupted Damage from Adams county's first windstorm for some time appeared to center around Monroe, according to first reports. Five telephone lines were reported down from one tree in Monroe, Marion Hears, wire chief, reported. There were 10 telephone poles reported down over the county, and trees and limbs had* torn down Individual lines and interrupted service. Heare reported that'all lines should be in service by evening. Tw construction trucks were working on the fallen poles, and two maintenance trucks were working on other storm damage. Only ten or 11 cases of storm damage to telephone wires were reported in Berne. „ One tree wae reported blocking a county road in French township, but it had been removed early thie morning, Frank Singleton, county superintendent of highways, said today. No washouts of county roads were reported, and only a few large limbs blocking traffic. No damage except a few blown fusee was reported by the city light and power company.

A NEW 3 bedroom home in the west part of the city. All automatic buik in equipment. Screens and storm windows, car port. Will qualify for FHA or OI financing. NEW 3 bedroom home located In the west part of town. All targe rooms and wonderful workmanship, all double doeeta, nice bath, targe living room, utility room, oil forced air heat. Immediate possession. A VERY NICE modem home located on a targe 75 x 150 lot i in Monmouth just one block from the school. Living room, ■kitchen with built in features, utility room, bedroom, den and bath down, 3 bedroom* UP. % basement, oil heat, 1 car garage. Everything has just been newly decorated. — 5 ROOM modem home except furnace, only two blocks from ""school. 35500.00. i — A BEAUTIFUL 2 bedroom home located in one of Decatur's new additions. Large ample kitchen and dinette, targe living room, bath, full basement. Nice yard and targe garage. ONE OF THE nicer 3 bedroom homes on Mercer Avenue, in excellent state of repair, beautiful back yard and large garage, quick possession, priced for quick sale. r NEW 4 ROOM modern gas heated home, nice yard and tool 1 house, near new school loco- - tion, only $9900.00.

‘ Parched Southern Indiana Rainless I Over Two Inches In [ Northern Indiana INDIANAPOLIS (INS)—A heavy rain and wind storm struck north- > ern Indiana Tuesday night, but the - parched southern portion of, the i state went rainless agafiT ~ i The U. S. weather bureau in ■ Indianapolis reported rainfalls over two Inches in several northern Indiana cities, but said no rain was reported south of Elwood. v Partly cloudy and cooler weather was in prospect for the north and west-central parts of Indiana today with Thursday expected to be generally fair and not so hot. Temperatures for southern Indiana will climb back into the 90s today, where the thermometer was registering Tuesday. ■ I Strong winds which bowled over . trees and snapped power lines . were reported from some sections i of northern Indiana, along with [ tie rain. South Bend tallied 2.54 inches of rain after its storm, while Rochester had 2.31 inches and Warsaw, 2 inches. Other downpours recorded included 1.83 at Fort Wayne and at Wabash, 1.86 at Bluffton, and .50 at Elwood. Temperatures dropped from 82 to • W at South Bend, from 84 to 64 at Fort Wayne and from 88 to 66 at Lafayette, while southern Indi-' ana was recording temperatures in the 90s. Trustee Os School For Blind Is Dead RICHMOND, Ind. (INS) — Indiiana school for the blind trustee Marvin Mann, himself blind since he was 10 years old. died late Tuesday at his home in Richmond. “Bob" was named in April, 1953, by Gov. George N. Craig as the first graduate of the school to the board of the school for the blind. He sold pianos in Lynn from 1924 to 1930 and operated a piano tuning business in the Richmond area for more than 25 years. Father, Son Killed When Trucks Collide ELKHART, Ind. (INS) — A 47-year-old Lakeville man and his 14-year-old son were killed in a twotruck accident one mile north of Ind. 6 on Ind. 15 today in Elkhart county. " Dead were Cyrus Cudney, of Lakeville, and his eon, Dale, injur- «!. Atatofl. tftoPf south Band. Cudney was driving a truck loaded with hogs north on Ind. 15 when it ran into the rear of the scrap metal loaded truck driven by Alston. Father and son were pinned .in the cab of their truck and burn-

2 BEDROOM home on South sth street, modem except furnace, only 34900.00. 3 BEDROOM home with rental property on rear of lot, mod-, era except furnace, only 35500, and two blocks from school. NEWLY remodeled 3 bedroom home attached garage and located on a nice level 2 acre plot, to Union Twp. 37900. A GOOD 4 bedroom home, all modem except furnace. New bath room, bulk A features and decorations, located In Bobo and only 35000. HOMESTEAD Home on 1 1/5 Acres. This property has been kept in A-l repair and the lot has been thoroughly tiled and leveled for a good \ garden. There Is an outside fireplace and good garage. Priced right for quick sale. '■ : ' LARGE DUPLEX with 6 rooms on first floor*. 6 rooms on second floor. Nice corner lot with lots of shade and a .2 story garage, one block from business district. Will sell on contract. — A VERY NICE all modern brick borne near G. E. This la a two bedroom, but there is room for two bedroom* on second floor If needed. Full basement, gas heat. . l 27 FOOT PRAIRIE Schooner Trailer, 1952 Model. 31800.' Will sell on contract.

TRW DECATUR DAILY DEMOCRAT, DECATUR, INDIANA

- ... , — - - THE SOUTHERN PACIFIC'S crack Sunset Limited is shown stranded o n tracks a t Langtry, Tex., with mass evacuation of 266 passengers underway via helicopter (arrow). USAF rushed 19 heli- ■ copters to rescue the passengers after racing floods isolated the train. (International Soundnhoto)

Order Assessment On Sewer Be Paid Threat Is Made To Disconnect Sewer The city council instructed the city attorney to contact the owner and residents of the double house on the corner of 10th street and Dayton to warn them that they must pay the regular assessment for connecting onto a city sewer. The council instructed attorney Robert S. Anderson to make it clear that if the bill were not paid within 15 days, the council would take action to disconnect the sewer connection. The exact ownership of the house was not certain, but it was believed by the council to belong to Leo A. Braun, of Fort Wayne. A contract for the construction of the Harold <Rynard sewer and the Phil Sauer lateral sewer was awarded to Baker and SchulU by ordinance <rf the council. An ordinance approving, .an- -Increase of $1,109.25 in the contract for installation of wiring and other electrical work in the new diesel plant was also passed. A resolution approving the construction of the north school building by the school city of Decatur was passed? The resolution stated that the council felt that present housing of the school city were inadequate, and that the proposed building was urgently needed. The following petitions for electric light, and power line extensions were referred to the committee on light and power: Arden Schilling, state line;' Robert A. and Vera L. Goldner, Preble township; Donald A. and Marguerite L. Lee, Root township. An agreement for a primary extension of a light and power line to property belonging to Jay C. and Esther F. Osborn, Root township, was signed by the council. The council also read and allowed payment of a number of bills. “Do It Yourself'By International News Service Some 20,900,000 Americans are saidto'be do|nt tome sort of work around the house — carpentering, painting, wallpapering* etc. On the average, it's now estimated that there is one home workship in every fourth home in every residential block in the U. S.

L 'J A ! ' OH ' 7' ‘ ? JU i I Sc. . w -v ; THIS NEW reflective red atop sign, shown to Chicago through an auto windshield at night, baa been adopted by 13 states: Ohio, California, Maine, Nevada* Washington, South Dakota, Florid a Oregon, Louisiana, Indiana, Connecticut, Wyoming, atlas such aa New York, Chicago, Baltimore, Tulsa, Okla. San Aatoilo. Tex. New Orleans, La., also are changing to the reflective sign, (International) /

Schwartz Is Low On City Truck Bids Schwartz Ford. Co. of Decatur was low bidder on both the half ton pickup and dump truck to be purchased by the city. Bide were opened Tuesday night by the board ot public works. 'Bids on the pick-up truck were: Schwartz, 11.hM.91; Decatur Equipment Co., 11,287.50; Saylors Motor Co., $1,297; Butler's Garage, 50Dump truck figures were: Schwartz, $1,966.18; Decatur .Equipment, $2,442; Saylors Chevrolet, $2,510-and Butler’s garage, $2,230. Awards will, be made after specifications and requirements are checked by the board members and clerk-treasurer H. Vernon Aurand. First Reunion Held As Magley School Plan Annual Event, Officers Selected More than 175 former pupils, teachers, patrons and school officials attended the first reunion and homecoming of the Magley school in Preble township Sunday. A carry-in basket dinner was enjoyed at the. noon hour and the afternoon activities included an informal program and business session. Among those present were two former Preble township trustees, a former county superintendent of schools and five former district number six teachers. Former pupils attended the reunion from Toledo, Bucyrus, Payne, Van Wert, Cincinnati and Dayton, O.; Alex-, dria, Ky., and Chicago, 111. It-'was decided to hold the second annual reunion in 1955 Sunday, July 3 at the Magley school. Officers named for the group at the business session included: Edward F. Jaberg, president; D. C. Shady, vice-president; Ed Kolter, secretary; Ernest Worthman, treasurer, and Mrs. Ernest Worthman, historian. A display of old school pictures and many letters of former pupils unable to attend attracted much interest. The exhibit will become a permanent part of the reunion, those attending decided.'

Find Discrepancy In One Zone Area Two Lots Omitted In Residence Zone John A. Dierkes, of 1321 Nuttman Avenue, appeared before the city, council lash night to find out why two lots on Nuttman west of 13th street have been zoned light commercial when there are already houses on them. Two years ago Dierkes and his neighbors had asked that the area west of 13th street on Nuttman, which included homes, be zoned residential. At that time an abstract was prepared, the residents of the area signbd a petition, the city zoning commission approved it, and the council amended the original zoning law to include the changes asked by the petition. All members of the council, the mayor, city attorney, and city engineer were of the opinion that the request of the residents had been complied with. However; the owner of the two corner lots, Herman Dierkes, hired an attorney to prepare an abstract of the lot so that he could sell it. The attorney discovered that the two corner lots had been omitted from the description of the area to be changed to residential, so that they remained light commercial.. This omission was in the original petition, approved by the zoning commission and city council. Herman Dierkes had previously thought the lot was zoned residential, and had even obtained a petition asking for it to be changed from residential to light com-mercial,-so that the lot could be sold to an oil company for the building of a service station. John Dierkes* attorney, David A. Macklin, asked that the city council rectify the original mistake, and change the two corner lots to residential. Macklin was asked by the council to get the original petition from the city safe, and bring his suggestion before the zoning commission. Safety Tape By international News Service Tape that reflects light can help reduce rear-end collisions, particularly at night. And nighttime accidents outnumber those in the daytime three to one, says the National Safety Council.

.. - f - ’.... v * School Superintendent Attends Conference W. Guy Brown, superintendent of Decatur public -schools, left today for Bloomington wlrere he will

Public Auction - d 9 *’ e are moving to Washington State to accept a pastorate, we FRIDAY NIGHT, JULY 9, 1954 8:00 P. M. . . Th ® be sold u (.auction: 2 piece living room suite: “•Piece oak dinette set, In good shape; 11-cubic foot Ijeonard refrigerator, A-l shape; 1 rocker; 1 lounge chair and ottoman; 2 - 9xl2’ rugs; noor lamp,--magazine rack; bookcase; Round Oak gas stove, In good shape; Firestone table mode! radio; Stromberg-Carlson console radio, A-l shape; 4 white kitchen chairs; Maytag washer; twin tuba- clothes rack; 3-piece bedroom suite, complete? r-metal bed with ’springsHoover upright sweeper; pin-u» lamps;- baby stroller; baby stool;, many other items. < " . J - y TERMB—CASH. REV. & MRS. JOHN DITWILER ANTIOCH MISSIONARY CHURCH, — Owners Jerry\ Bixler, Ed Sprunger—Auctioneers Not Responsible For Accidents. MOSQUITOES..... ....ATTACKING DECATUR Kill them quickly, easily with x atouch of the finger. Also kill - flies, roaches, ants, fleas, gnats, and all other insects. ECONOMICAL i Contains enough for 200* - 300 sprayings. Costs lesskills faster. With our High Pressure Aerosol Insect Bomb. KOHNE DRUG STORE Published in accordance with the call made by the Federal Reserve ank of thia district pursuant to the provisions of the Federal Reserve Act and a call made by the Department of Financial Institutions of the State of Indiana. *uwmu State No. 731 ' REPORT OF CONDITION OF THE FIRST STATE-BANK of Decatur, in the State of Indiana, at the close of business on June 30, 1954. . - . K , ASSETS Cash, balances with other banks, including reserve balitenls In process of collection--. 52,517,992.23 I nlted States Government obligations, direct and guaranteed 6 052 814 58 Obligations of States and political subdivisions ..u 527 915 81 Other bonds, notes, and debentures .. 20 000 OO Corporate stocks (including $13,500.00 stock of " Federal Reserve Bank) 500 00 Loans and discounts (including $ none overdrafts)....2.. 3 882 005 26 Bank premises owned $ 9,900.00 Furniture and fixtures 22,850.57 ?•> ?e 0 st Ol “” TOTAL ASSETS _..'.....513,053,024.27 „ , LIABILITIES Demand deposits of individuals, partnerships, and cdrporatione S 4 901 194 °8 Time deposits of Ind I victuals,'partnership*, -badcorpora-’T' ’ tions 5 98>4 462 08 Deposits of United States Government (including postal savfhgs) ....172 50’ 42 Peposits of States and political subdivisions .... 976 374 47 Deposits of banks 82 294 41 tot a r <le ™L t « o < >™ tlned and offic * r8 ’ checks, etc.) ....J 66,398.64 X?J AL, .. D^u.? S Ts —— -$12,183,226.30 ( - TOTAL LIABILITIES (not including subordinated oblig-a- • tione shown below) .......jig, 249,397.23 CAPITAL ACCOUNTS £ ap *t al * ———s 400.000.00 , 200,000.00 undivided profits 203 627 04 TOTAL -CAPITAL ACCOUNTS $ 803,627.04 TOTAL LIABILITIES AND CAPITAL ACCOUNTS .....$13,053,024.27 •Includes frcepeds of $ none of delteptures »old to the Recoowtruction I inam-#;,Corporation. $150,000.00 of debentures sold to local interests which debentures are subordinated to the rights of creditors and depositors, and 2,500 shares of common stock, pat) SIOO.OO per ebare. > * MEMORANDA ’ Assets pledged or assigned liabilities and for other purposes ....',..5493,000.00 Obligations subordinated to claims of depositors and other creditors, not included in liabilities none fa) Included in Loans and Discounts are LOANS TO AFFILIATED COMPANIES none (b) Included In Other Bonds, Notes, Debentures and Corporate Stocks are OBLIGATIONS OF AFFILIATED COMPANIES none (c) First lien trust funds 2..........1. none (a) Loans as shown above are after deduction of reserves of 36,186.44 (b) Securities ns shown above are after deductions of re- ’ serves of none ( I. H. H. Krueckeberg, Cashier, of the above-named bank, do solemnly swear th«t the above statement Is trub, and that it fully and correctly represents the true state of the several matters herein contained and set forth, to the best of my knowldge and belief. " CorrdU—Attest: H. H. KRUECKEBKRGvT. F. Graliker, ■ ' ' / E. W. Busche, - G» W. Vizard, Directors State of Indiana, County of Adams, m: Sworn to and subscribed before me thia 6th day ot July, 1954, and I hereby certify that I am not an officer or director ot thia bank. (SEAL) Rose Ellen Miller, Notary Public. My commission expires November 24, 1954. ii- . <

WEDNESDAY JULY 7, 1954

attend a twp-dayswwn of the school house planning cpnferetWle, The conference? which will attract school oftiials from all parts of Indiana, will be held Thursday and Friday at the Indiana university campus. * - - --"