Evening Republican, Volume 16, Number 165, Rensselaer, Jasper County, 11 July 1912 — Questioned Right of Savings Banks to Pay Interest [ARTICLE]

Questioned Right of Savings Banks to Pay Interest

The question of whether savings /banks have a legal right to pay interest on deposits has been raised by the federal department of Justice. Auditor of State W. H. O’Brien has received a request for information in regard to the legality of paying interest, and has found that there is no law which authorizes such payment. He also has been informed by the attorney general that no court decisions have been rendered on the proposition. It is understood that the department is'making an investigation in all states of the union. —1 _ t Deering binders, mowers and rakes for sale by Hamilton & Kellner. Soft comfortable shoes for tired and aching feet at Rowles & Parker’s. - - ;--jr ' ' - ‘ " Born, July 4th, to Mr. and Mrs. Eugene Hasty, of near Peoria; 111., a boy. Mrs. Hasty Wjas formerly Miss Mary Gant, of this city. Wash dresses for girls, misses and ladies at very special prices this week at Rowles & Parker’s. George CollinS, of Indianapolis, visited his parents, Mr. and. Mrs. A. Collins today. He Is engaged in the retail shoe business in Indianapolis and reports that business has been generally dull in the city this year. Oscar Leech will leave Sunday for a few weeks’ vacation. He will go to Lafayette and then to Penfield and other points in Illinois, where he will spend most of the time with relatives. The, Odd Fellows of Lake county are planning to have a big time at Lowell on August 17th. Odd Fellows from all over the country will be there and partake of a big feast. Prof. Otto Braun might arrange to have the Rensselaer band furnish the music. Mr. and Mrs. B. F. Fendig left today for South Bend, where they will visit for a few days with Mr. and Mrs. John W. Paxton and Mrs. E. Baech. Mrs, Baech Is now living With her son, Charles Nelson, who is employed in. the Merchants National Bank there. After a few days there, Mrs. Fendig will go to Lansing, Mich., as a guest of Mr. and Mrs. George Benrider, with whom she will take An extensive automobile tour through Michigan and southern Canada. Attorney C. F. Mansfield, of Montieello. Ilt., and Prof. M. L. Fisher, of Purdue University, were here yesterday viewing the former’s farm a few miles southeast of Rensselaer. At Mr. Mansfield’s request, Prof. Fisher came here early in the spring to ascertain the possibilities of growing alfalfa on part of the land. On the advice of Prof. Fisher, who pronounced the land well adapted for growing alfalfa, Mr. Mansfield proportioned of seventy acres for that purpose. The Stand is excellent and there is a heavy growth for the first season. Excepting in a few spots, Mr. Mansfield will not have any duty cut this year, but will give it a chance to become established and well rooted. Next year he is expecting to cut three, crops. He is devoting much time and attention to hie farm hflar herp and is one of the men who is doing a great deal toward the development of Jasper county. Cheapest accident Insurance—Dr Thomas’ Eclectic Oil. For barns, cuts, scalds and emergencies. All druggists sell it 25c and hOc.