Indianapolis Times, Indianapolis, Marion County, 13 October 1939 — Page 44

"PAGE |».

SAVINGS & LOAN LEAGUE TO HOLD

2-DAY MEETING

Schedule Calls for Study of Home Mortgages and Investments.

More than 300 delegates and guests are expected to attend the|? convention of the Sav-|:

49th annual ings and Loan League of ‘Indiana at the Hotel Severin next Wednesday and Thursday. Preceding | the convention, League's executive committee will meet at 4 p. m. Tuesday at the ". Severin, while other committees will hold sessions at 7:30 p. m. The convention program calls for complete discussion of the home mortgage and investment business. James Clawson, League president, will speak at the opening session Wednesday at 10. a. m. :

Cooprider to Report

Ivan E. Cooprider, secretary-treas-urer, will present his report at the same meeting. Entertainment features will include two |luncheons, a banquet Wednesday hight and a tour of Indianapolis and Brown County on Thursday. |All past presidents of the League| and Walter C. Burt, Muncie, second place winner in the National Five-Minute Speech Contest, will be| introduced at the banquet by Fermor S. Cannon, Indianapolis, second vice president of the United States Savings and Loan League. | © ‘Presiding at the luncheons will be Walter H. Drier, Evansville, first vice president, and Claude Bagley, Hammond, second .vice president of the League.

Bodfish Among Speakers

Guest speakers at the convention will include Morton Bodfish, Chicago, United States Savings and Ioan League executive vice president; Dean Arthur E. Weimer of the Indiana University business administration school; George T. Whelden, Indianapolis, State appraiser of the Home Owners Loan Corp.; G. Hicks Fallin, Peoria, Ill. banker; Harold T. Donaldson, Leafue past president, of Lansing, Mich. : Others will be Robert R. Batton, Marion, Ind., Financial Institutions Commission chairman; Fred T. Greene, Indianapolis, Federal Home Loan Bank president; Herman C. King, building and loan division supervisor, Financial Institutes Commission, and Lieut. Gov. Henry F. Schricker. | ———————————— NEW CHURCH PLANNED » Times Special ROCHESTER, Ind. Oct. 13.—The Rev. W. J. Schroer, St. John’s Lutheran Church pastor, and members of the congregation have announced plans to erect a new church. The church-will be built at Jefferson and Fourth Sts.

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Directs Chorus

The Rev. Frank C. Huston, (above), song writer, will direct the large chorus at the Townsend Clubs’ mass meeting and song festival Wednesday at Cadle Tabernacle. Mr. Huston will be assisted by Walter C. Bruce, director of music at the Broadway Baptist Church, and Russell Ford, _Cadle Tabernacle music director. B. J. Brown is general chairman of this rally of Townsend club members in Marion and adjoining countids.

SURPLUS CITED BY HOME LOAN

Local Bank Sets Figure at $553,884 With Costs, Dividends Paid.

The Indianapolis Federal Home Loan Bank reported today that its surplus and undivided profits on its seventh. anniversary this week, totaled $553,884 after operating expenses and dividends were paid. Up to Sept. 30, President Fred T.

a total of $33,659,819 to its savings and loan association members. Of this amount, he said, $9,362,932 is outstanding. During each of its seven years of operation, the bank has paid divi-

institutions and the U. S. Treasury, Mr. Greene said. Its total assets are $19,525.595. Membership in the bank includes 212 savings, building and loan associations of Indiana and Michigan

combined assets totaled $252,944,967 Sept. 30, he said, an increase of $12,691.907 since Jan. 1. “During the first nine months of this year, he said, members finance an esitmated. $40,994,000 in home loans, more than 25.1 per cent of all lcans on homes made by all types of financial institutions in Indiana and Michigan.

FT. WAYNE TO BEGIN PROPAGANDA STUDY

«Times Special FT. WAYNE, Oct. 13.—Local citizens will have a chance to learn what to believe and what not believe through a propaganda analysis course opening Monday night. It is sponsored by the Ft. Wayne Town Meeting and is held in conjunction with the American Institute for Propaganda. The first bulletin of the institute ito be discussed will be “The War | Comes.” The course is divided into six {units: Social aspects of propaganda, dealing with its role in a democracy; propaganda analysis; an approach to the study of propaganda; study materials and exercises including commercial. advertising; comparative propaganda analysis, and analysis in the local community.

SOUTH BEND POLISH CLUB CANCELS DANCE

Times Special : SOUTH BEND, Oct. 13. — “We can't dance on the graves of our relatives in Poland,” St. Theresa's Goodwill Club of St. Adalbert’s Roman Catholic parish announced as it voted to cancel a harvest dance scheduled for Nov. 19. Several other Polish organizations are canceling dance parties since the Nazi conquest of Poland, members said. The club will hold a benefit party for the church on the same date instead. :

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PULASKI METHODIST

Greene said, the bank has advanced g

dends totaling $837,057 to member |

and one life insurance firm, whose

CHURCH AT ARGOS |For 7 Years He's Found His Pleasure

NOTES 75TH YEAR

Perusing Caves but Not Times Special jo rds > Gi : ARGOS, Ind., Oct. 13~—The Walnut Church of the Brethren will observe its 75th anniversary with a home-coming Sunday. ; : The church formerly was.a part of the Mt. Pleasant congregation, known as the Yellow River Church, | and in 1864 was organized as a separate unit. Services were first held in a school house about’ one mile north of the present site. The first church was erected in 1882. In 1913 the present brick

structure replaced it.

~~ ° By JOE COLLIER Unless there is an unidentified and very restless hermit in Indiana, Hobart Sherwood, 22, of 1961 Guilford | Ave., probably knows more about Hoosier caves than any amateur, _ For seven years he has made it his hobby 4nd his immediate con-|. cern to explore every cave that has come .to his attention. “In. ‘the seven years since he was led through an interest in geology into his first cave, Mr. Sherwood has explored scores of .them. In then he has found Indian arrowheads and bones of animals which had been trapped or wounded. : He has crawled into what is known in the “trade” as sink holes and| which would be caves if they were| bigger. Once he crawled for eight miles on his stomach back into a=

CELEBRATION SUNDAY

Times Special : ; oh WINAMAC, Ind., Oct. 13. —Pulaski County Methodist congregations wiil

celebrate the Methodist Union, re- Sherwood « « « Cave Trotter.

When he reached the and, there

1 'There-is always the slight, but | real, chance that something of value to science will be discovered in|frgyding merchants here, George B. Loy, U. 8. Secret Service head, warned today. : The bills were raised from $1 by counterfeiters who scratched out the| “1” marks and with pen and ink, drew in a “10.” : a “One thing they couldn’t or forgot to change,” Mr. Loy remarked, “is the portrait of George Washington. There is quite a difference between his features and those of Alexander Hamilyton on the $10 bills.” Also, when they changed the _“One Dollar” r heir plurals. It now reads, “Ten

| as another advantage of his hobby.

sink hole 100 feet under ground. = | gop

cently consummated at Kansas City, Mo., in the first county union mass meeting Sunday. Dr. Bert D. Beck, Lafayette district superintendent, will speak on “One People—One Purpose.”

was not even enough room to around so he had to crawl out backwards on his stomach. - This took 10 hours. ; Ty However, Mr. Sherwood reminds

expeditions are inconveniently arduous, that Mammoth Cave in Kentucky |is believed to have been discovered through the exploration of a sink hole,

for Treasure

the cave just around the hill. There Hs even a small chance that some historical fact may be established. Daniel Boone, for instance, is popularly supposed to have used half the caves in Kentucky and Indiana at ome time or another for some woodsman's strategy. : Mr. Sherwond -lists temperature

Caves are cool in sumnier and warm in winter. Ta .Dangers include the possibility that the cave may cave in. = _ There also is the possibility of running into a pocket of carbon 3 dioxide which will put you “out” as quickly as a light. Listed ‘as perhaps the prize of all inducements to continue explorations is the conviction, published long ago by Dr. W. S. Blatchley when he was state ‘geologist, that there is one and maybe two caves

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WARNS MERCHANTS I" OF BOGUS $10 BILLS

Five bogus $10 bills, described as the “crudest passed in Indianapolis recently,” have been used in de-

SOIL ‘GROUP RE-ELECTS MONTICELLO, Ind, Oct. 13.— The White County Soil Conservation Association at its annual county meeting re-elected Carl F. Miller, Honey Creek, chairman; Russell G. Reiff, Jackson Township, vice and Leslie Paschen,

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