Indianapolis Times, Indianapolis, Marion County, 10 October 1950 — Page 16

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: HARTLEY VINO | Y Nimes Business Edita | ON Down Payments to

HOW TIGHT WILL the Federal Reserve Board twist . .. . | the screws on consumer credit? : Cut Building a Third : |

The right answer is simple. But it doesn’t tell you much, Pattern Calls for Spread of 10 fo 50 Per Cent: ’

The Federal Reserve Board has unlimited power over Restricti R in Easier] I i eredit. It could, but won't, stop all credit, put the nation on es'rictions Kemain Lasser-tor War | Veterans L : : By JAMES DANIEL, Scripps-Howard Staff Writer |

_ cash-and-carry. WASHINGTON, Oct. 10—The government will announce tomor-| { / The bodrd knows, for in- |— row new credit restrictions aimed at cutting back the volume of new

stance, while a poor man hori and a daisy chain for a, ..." construction by at least a third and possibly as much as 50 San Maiciseo N / L Sig

lavalier. per cent,

1 on d

” 4 : : ” 5 ” | has no credit, that credit =, op, wy Xr’ MORE she had The mew down payment requirements will surpas) in sever-| © can make a man poor. Poverty ‘the Governor of Indiana in tow, ity. most previous expectations. They are to apply to all new ¥ | demoralizes, but so does infla- Licks them from the top drawer. homes started after Aug. 3, ex-! : .

/ om 4

» » tion. That's why the board is Elsie made two or three en- cept when the builder or the buy- - ’ giving %he fires a touch of the ||... ac while flash bulbs popped, er already has obtained a com- Hi er Home Costs controls sprinkler. then took the elevator, like the mitment for the final mortgage. Regulation W with its one-third porden lady she is, and bawled Resale of used homes will not - down and 21 months to pay hit|p.. wav into the brawl. be covered. - : the car business, particularly used Ao 2 tribute to her there was a veterans buying under the GI aC y 00SIerS cars. And that 1s where it Was, yet of iced milk on hand, and Pro8ram still will be required to | mol nobody touched J, except me. FCN RR SeROM BA Shad | CARS MAY GO to as much as You've got to be polite to a expected that a new home on 50 per cent down with 12 months ad.

: onglis) y \which an ordinary buyer woud, Rule Down Payment | to pay. And appliances, stoves, {have to pay down 25 per cent, | | TV, radios and refrigerators, now HOW to Save $100

| | By LARRY STILLERMAN _ | P {probably will be available to a 15 per cent down and 18 months| I HAD DINNER WITH Herb veteran for 20 per cent. » i Down pa payments Hoosiers have to ‘pay, may go to 25 per cent/Staton and his General Motors! But borrowing to meet the been making on homes, new and 2 down and 12 months or 10/Club of Marion County. |steeper down payments will beoid, will only be increased as| T-M MGUSPALOFF. COMM I9S0EOW.L. A WAGNER ALL RIGHTS RESERVED.

months. | I always expect big.GM to do|forbidden, with one ex . ructio : on ‘Furniture, which got off with things well, but I was surprised| In the past many home ers, Sonstrge on costs so wn. cutB | TONIGHT AND TOMORROW-—Two cool air flows indicate the

o —

PARTLY CLOUDY AND CLOUDY ARIAS

Building Trend to |

the ‘lightest sentence, is 10 per at the effort being put forth toy, cluding those veterans who did |jseued last July, not the new| nation as forecast by the Weather Bureau. The cold air front extendin

cént down, 18 months to pay. teach the young to drive without |not buy under the GI program, |reguiations expected tomorrow by the leading edge of a cool air mass sweeping down from the north.

And that can be stiffened a lot. Pretzeling fenders or bowling have tied themselves up for sec-|iyo overnment and th wk i : , | e F New Great Lakes region. The plain truth is that the Re- OVer school kids. ond trusts to obtain the difference Ry pov HHient 3 ederal' centered over southern New England and the Gr es region.

- sétve Board can, and will, keep. The GM Club gave a set of top- hetween the government loan ap- Act 3 ¢ Qn lifting credit leveis until business Brade “safety films to the citypraisal, plus their cash, and the tem ually, novtiers iuay ave Things fo Com slows down. But there is a loop- ina, anothet jot jo Je builder's asking price. make down payments Clothin Industr Here , $ ment of Education. A : os " : | hole, you will recognize. i. wn Full Down Payment That's the idea behind Regula-| 3 Y

I¥ THE PEOPLE HAVE

money and cannot make down films. There's a Jot we forget down payment out of his ‘own credit. payments on cars, appliances |.;..¢ songihle driving. And what cash, or by borrowing on his lift) The government is More conand furniture, they'll spend impressed me more is the money insurance policies. t cerned with the inflationary imtheir money anyway for uncon- we waste behind a steering wheel,| The down payments will be pact of new housing and less trolled merchandise. . I Buggest that you see these steeply graded according to the troubled with current or future It may go for perfumes, furs, films. It will pay you handsome- Selling price of the house. ‘material shortages. Jewelry, anything else which |ly., T figured out that if I did it| The basic pattern calls for a’ Widens The Ga can be bought. the right way, instead of the way Spread of 10 to 50 per cent. The yo About housing. 1 want to make I do, I would save about $100 a/10 per cent would apply to houses , 0 “co "on™ 0 started ea K el are oY Ana a hundred frogskins may Selling Tor S500 to 330001 he 501 tewer purchased, less money in met in a joint session with Max J. Lovell, director » w - - - : / ~ L j Ae SOTOIE When # man buys|be green but they're not hay. $30,000 or over. In between, these Sigculation. prices widl level off in/the National Association of Sn}, Pajema and Sportswear

' , y ; ‘this line, inflation slows i e facturers. a house, he gets something. Package Push down payments are regarded as field n on #8 CLARENCE ZINTEL, presi-

likely: i ) i 3 o - Controls freezing construction made. HE HAS MADE an investment, gent of the Crown Paper Box Sra douse selling tor 15000 a costs to a July 1 deadline widens informal, how wise depending upon his! Corn. who is trving to A NeW! ne PTL 4 Be Ying to get a new|cent on all over $5000. realtor and the price he paid. building finished northeast of| On a house selling for $9000 to 2nd amount of mortgage avail-ell and getting hard-faced anThe price of a house may go Up town, told me yesterday that pa-|g15000-—$1900 down plus 40 per able. The July cost appraisal ob- swers. or down. But what doesn’t? Com-|perboard is “tighter than a cent over $9000, : \ {ligates buyers to put up more non stocks, bonds. farm land, and) drum.” On a house kelling for $15,000 all other substantial investments. It came from the general UP- {5 $20,000—$4500 down, pius 50 Pecauseof-building cost increases/ter what happens in Korea, we're the answer to that one. was a litle sorry to see swing in business, plus a little per Cent over $15,000. ' since the cut-off date. lin for a long era of mobilization.| 8 Yow with the Stockpiling by manufacturers who! $2 Ear ending he. 1 eo nore STA 33 TUR ou Of to R00 8900 Ho ho Ear and more chase ay Place Bow” members afred here would be belong exactly. Because no Packaging. iper cent over $20,000. of existing as well as new houses. | Warns of Controls i ec ge In sty is any. . matter, what happens, if it's \\Wood Whisk | On a house selling for $24,000 to/| The controls will hike down] He warrfed the men in the changes Some a coor an , e | V O0O0eN isker | lothing industry controls are on comfort. paid for, you'll always have $30,000—$9600 down, plus 90 per Payments on property insured by clothing in ) he “drab Amer: 16” will something left. PASSING KENTUCKY AVE. cent over $24,000. | Veterans Administration andthe way . , . tougher and more te he aa mer on ma ." v We should know a little more and W. Washington St, I heard! It's possible that the govern. Federal Housing Administration. rigidly enforced than those of ed mii UL In a new line about the effect” of consumer ® clicky tap, like a woodpec!.er ment's circulation of this schedule The Federal Reserve Board also World War II. But he told them of “earthy colors” . redit controls when Bob Hamil-| With a plastic bill. among lending institutions and/Will ask for higher equities in not to dodge them. ton gets his Indiana's Association if Installment Credit Companies ‘ogether for their talkfest No. 9.

Rush Job

NEXT THURSDAY on an open plot at Shadeland Ave. and 30th St. a shovel will be handed back] and forth among three men.

They will be L. L. (Tex) col of cars, I think he made the cross- the nation’s economy.

Supply Will Be Good Through Winter,

Government Now Buying Nylon, Rayon By EDWARD WILSON

State merchants and members of the state Men's Apparel Club, day. nd counsel of|

vice

The session was strictly/2@dvantage the clothing men with members Ne lacked at the outbreak of World [ang

But the big question was, will | the public buy if prices keep going gay

the curb. We went across together. have resulted in some modifica- NOt insured by government agen- essary because textile is the checks. And I learned something. {tion, especially in the down pay-|Cles. “black beast of industry.” He| Along with color, the emphasis The cane was his feeler, as sen- ments on lower priced houses. But the maximum insurance pointed to recent textile price will fall on comfort, and if anysitive as a cat's whisker. He held However, this is the general pat. coverage by VA and FHA and hikes that were ‘absolutely ot can sell the American male, | it about an inch off the ground. tern for the schedule to be an-/the greater equities to be Yequired [warranted - Le ees Tate's comfort. I tried to tell him when there nounced tomorrow, by FRB have been part of sell- can on ur 1 - Ra age Publication of the new down Ing portfolios here for some time. Parel retailer and wholesaler. [FOG BLANKETS NEW YORK 8 found it first, [payment requirements is expected! As pointed out by The Times/ But he advised against scare NEW YORK; Oct. 10 (UP)— | Except for the hushed onsweep!to have iminediate effects upon last month, Hoosier . {builders and lenders just want to only bring about a shortage *f tne metropolitan area today, ty-To

was a curb coming but his cane!

USINESS Order | Due Tomorrow Today's Weather Fotocast fr Hog Market

SCATTERED SHOWERS Vive SLEET

G) Se nom V/A RAIN

Mrs. Loveless AND 1 THINK IT would be Under the new rules the buyer ition X, the anticipated order to) : . To Head Rebekahs steady. Good and choice animals good if more adults saw those Will be required to make the full trim housing starts by limiting/ 0 on ro S re oming / } {brought $32 to $34; common and

Installation to Be

This Afternoon

Mrs. Julia L. Loveless, 414 N. 'l¢ change; cows steady; odd The men who make their living by trying to put new clothes Bradley Ave. was to be installed Ch0iCe yearling steers to $32; gh—thie back of the adamant male, sat down yesterday in the Sev- ag president of the Rebekah As- Ni8h medium to average good 950 They figure with less credit for erin Hotel and did some hard thinking about what the future holds. sembly of Indiana at 4 p.m. to- t© 110-pound steers $29 to $30.40;

Other officers to be installed: | anu-| * Mrs. Garnet Wolf, Cross Plains, |1Y 800d short fed yearlings $26.50

ls i ) But there were no speeches through the winter. That was one p,,,,. ‘mixhart, warden; Mrs, Pearl | Cobler, 907 N. Rural St., secretary, $26 to’ $28.50; good beef cows

the gap between down payment hard-faced questions at Mr. Lov- War II. |City, treasurer. The officers were elected yester- jo bo; common and medium $25 0 .

And that’s the real rub. It'll be The Red threat can break out(in the spring in men's wear, mostivention in Indianapolis.

. . bright but at Greensburg, and fund raising deep. And he'll be offered a for the Odd Fellow Youth Camp.

] ! | E p She named the former project the! > It was a blind man standing at builders during the past week may homes purchased on mortgages| He said that controls are nec- greater variety of plaids and o = Memorial Hospital Fund 2 $1 higher; medium to choice

realtors, buying, because scare buying can |, 5.4 soup fog settled down on Women of the Moose

3 : " ; 3 Li a

Uf 2530 Cs.

Grades Set af | $19.25 To $19.50

Hog market trading opened rather slow today with barrows

mostly 50 cents lower than yesterday’s average at the Indianap- .| olis Stockyards. Early sales of good and choice {grades around 180 to 260 pounds brought $19.25 to $19.50. A few loads brought $19.75 with inter est building around $19 and down. Sow prices were around 25 to | 50 cents lower, most loads bring{ing $17.50 to $18.50. Hogs - 9500; rather slow; barrows and gilts 25 cents to mostly 450 cents lower; bulk good and ¥ Ichoice 180 to 260 pounds $19.25 temperature pattern for the [to $19.50, few hundred head early ic 1819.75; 260 to 290 pounds $19 to om Canada do Tom & $19.25; 160 to 180 pounds $19 to ow ‘pressures ce $19.25; 120 to 160, pounds $15 to 1816.50; sows 25 cents to fully 50 cents lower; bulk 300 to 550 pounds $17.50 to $18.50; choice lightweiglits scarce; over 600 pounds bid down to $17 or less. Vealer buying was active, prices

[E72] swow

‘medium grades $25 to $31. © Cattle 2000; calves 400; steers and heifers moderately active; steers generall strong; heifers lit-

{load 1260-pound steers $29; some {held around $30; medium to bare-

p ent; Mrs. Ruth Salis- t® $29; common down to $22. resid Bulk heifers here salable at

Miss Mary Ruth Hegk, Tell [$21.50 to $22.00; vealers active, : {fully steady; good and choice $32

And one of the first predictions|uP before government controls| Mrs. Loveless announced that|to $31; bulls strong to 50 cents |money at time of home purchase the speaker made was, “No mat-|knock them down? Nobody had the International Association of OF more higher; medium and good {Rebekah Assemblies has accepted [heavy sausage bulls $22 to $24.50; As for what's going to be new an invitation to hold its 1951 con-|0dd head $24.75 to $25; good beef

{bulls to $24.

Announce Projects - | Sheep 1500; market active,

She announced that Rebekah| Laughter lambs 50 cents higher; projects for the coming years would be completion of the south wing of the Odd Fellow Home!

{good and choice $27.50 to $28.50; {few over 100 pounds down to $27; {common and medium $22 to {$26.50; medium and good 84pound shorn lambs full No. 1 (pelts $27; slaughter ewes steady

reception is to be held at 8 $2 yz.

p. m. tonight at the Odd Fellow . SI {building for the new officers. Official Weather

The state session will end to-| UN'TEP STATES WEATHER BUREAU morrow-with the annual pilgrim- —— oc —

Sunrise ..... 5:49 | Sunset ..... 5:14 Precipitation 24 hrs. ending 7:30 a. m. 01 Total since v {Excess since Jan. 1 Jan “1%

The following table show - ture In other cities; $30 Sumpers

to the home at Greensburg. |

Hear Mrs. Lucas

bert, former president of ing wi mak {supply and further price hikes. Station High Low . g with more care than the rest. The present inflation, which be- Make sure buyers have plenty of] ; | rts : ALIARER "3. iva yas ans Caressa Dodge division of the Chrysler," \" we good eyes. gan even before the Korean War, [cash in the house they buy. Pur-| Queried about the supply of ing up operations at two airpo Mrs. Elma Lucas, Chapter 5 : 8 5 Corp., and now a veep for the z was pushed along by Congress’ chasers will take better care of |goods, Mr. Lovell predicted it willland slowing harbor traffic to a chaplain, will speak at 8 p. mi veland by ; 50

whole outfit, Gov. Henry F.

! L action last spring in Soc ang Mayor Al Feeney, Local Stocks “and Bonds [1°0 housing credit, Mild! Requires More Equit

: restrictions announced by Presi-. The new regulation will Tequire ! , —~Oet. 10 . ' Toge hee they Utusan the soi Ameri STOCKS . Bia Asked dent Truman in July, plus rising more equity in houses constructed (is already buying nylon and Jay | i - or Lie OWNS oles i ich States pig oil ~~ |bullding materials costs and un- after Aug. 3, 1950. Loans on new/On and it won't be long before “_' ~ "oT ys me to case

o : {American States pfd ......... 4 { gem, Chrysler's $10 million trans-| A755 "colt Pom 14% 14% certainty over the future, have construction would have to be|{U. S. orders expand into other sc; Grade A larse

(be fair until spring. Then things... wi

their property this way. greatly might get a little tight.

inission plant which will employ }..° Ss A 1 > . fields. {37c Grade B large, 32c, and no grade, y | Stk Yrds pfd ..... : cut back builders’ planning for firmly committed before noon of . {20¢. aA 5000 when it gets going. Beit RR & Stk Yrds fom ..... MW... lo winter and next spring by 50 that day to escape the new credit OK Through Winter | Pouliry—Fowls, 4% Ibs. and over, jc:

It'll be quite a party with the | Bobba- Merril bid <a S0ya

civie bigwigs forming the circle genirel Sova ©... aroun e

- 2

|brakes. No. 1. | The mandatory insurance max- supplied consumer will earry!™pn lok | «0 No 2. soe.

The nation still is expected to Mums on both government.

49a sata Per cent. 9 veil 1.8 Million Expected

. torhorrow to Women of the Moose »;. Warne RI Pe —————————————— — la-! o orth ........ He pointed out the government, [ > in the Moose Home, 135 N. De Indianapolis Local Produce ' ware. St. The drill team of the fos Anscies ... ots 1 Loyal Order of the Moose No. 17) Minnespoiis-8t. Pa Grade A medium. wil] give a drill exhibition.

, 17e; Kk _/San Antonio .. “High inventories and a better ng sees 136 and Now 3 poultry. 4c jess Honor Mrs. Mildred Jordan, em- gin ‘Francisco blem chairman.

| Bvansville

New York . _ | Oklahoma City . chapter might program wil) pimaba

ZARB I3ANI23e2n 1 od

St. Louis ... ine Washington. D. C. ............. 7 50

dirt-turning. And|Com Loan fr vid there'll probably be bankers Cummins Eng pid or . Consolidated Finance § pfd .. Contin- -Na-V . ae fang ar ste 5 THE WORD I GET is that the| Equitable Secuitics a: bankers of the town are in the family finance com =... race of their lives to land the big

sir] ; . 5% ' lbufid 1.3 million houses this Year| Backed don une seutional Juan. 134/(1949's million was an all-time; 3 133 ! y “wr! record) but the 1951 output could |0te Wil Blow She construction {be as low as 800,000, and some "yy ooest impact will hurt 100 |puilders already are. predicting

ays Corp pfd ww

: fringe builders and buyers, the 3 Lt. And if they Ha ron, Mit Co com .. 3 600,000. : , Chrysler accoun Herf-Jones cy A pfd .. 1 Meanwhile, housing officials) ™° or little down payments op

can’t get it all, they'll settle for Home Drig © Me bid ... nny part. [fad ate dels 21 a . . The plant will have 650,000 Ind Mich Elec 4% pid |. fiquare feet and will be one of|{nd Telephone 4 8-10 pid ... 98

| {erators, as ell 8 18% point out that the man with aly ousen, $00 nd >

-_ substantial down payment will Still

“luxury”

where will new nome-|

have his pick of what new hous-|,. +... defense workin i i { , g imi-| Chrysler's niftiest. ndpis P & L 4% pid Crag 104 INR Is available. If the credit re-|o. ts "and new families - find | They're losing no time. It's ndpis Ab Cub Reaity Co 3 o' strictions cut the market faster |p ,yuses?

n pressure job. The schedule jidnis Water Co 3% ora...) than manufacturers of building New Outlook Likely be

07 alls for its being finiched by Jjeflerson National fits com | 11 1a |SuPPlies can adjust their produc- pay get them from drafted | 8 3

March 1. Kingan & Co com 3% .4% tion or obtain government war men and service reserves and pos- |

{Kingan & Co pfd es . : With fun new plants at that|Lincein Nat Lf”. 134 13 (contracts, some softening of new .,.. from federal action which | corner, the Western Electric) Marmon. Herrington co sis ‘ga, housing prices is possible, officials). 4aye Indianapolis a defense |

icrogs the street, that should be-| Mastie Asphalt ....-.... oo Nat Homes com

6% say. ome one of the fastest growing wat Homes pfd ; N d

: . area, critical for shelter. And! [i They're not betting on it, how- home builders may get a new

TELLER rrrrere 4} A

0 rv co To . - nN sections of town. LN 1nd Pub Sere OT uta 1o0 * iad, ever. But they do argue that hammer-and-nails outlook. © Look for a little city to spring| N Ind Pub Sery 4's% pid .... 2L. 22% ho sing prices were rising so fast! But even if this doesn't happen, | ZG 1 3 1 “uy 2 2 a . ¢ ip there, with. supermarkets.| Pr RE a i ,. LH%t buyers with down payments public housing won't come in the! movie houses, bowling alleys and pup ery “or "ind 3:4 000 5a © **™ to make would have their savings back door as private enterprise | — the “works” for the neighborhood! Rohs (Sear Tool com, .. $3" 4, nullified by inflation. And they is squeezed out the front. ! \ > shopper. ) 0 joe SEES . 3 a5 contend that housing prices al- Publie housing ‘has been under .. The smart ones. got in, got the | stokely-van amp pfd lit 13% ready are so-high that preference ceilings of 30,004 starts annually. | Siig and. And it's their harvest, if) Stokely. Ven tamp com ..... 1% 3% py vers without down payments This was ordered by President] they can get the building ma-|Terre Haute Malleable I. 9)s 11% were being squeezed out by inabil- Truman when July credit curbs) = erials. | United Telephone 8% prd Ll. 98 oe. ity to meet the higher monthly were installed. = Elsie's Swigfest [a ona “:*|payments required. — Besides, public housing is more| [EGS | i Alien & Steen 5s ny eit and more becoming a casualty of | ELSIE THREW A PARTY| America A Loan His 60 a u. S. Statement war and inflation, just like its last night. The theme was “Clin-| Batesville Tele Co 414s Tear Me Ra private cohort. ol kle, clinkle, little bar.” | Bubner Pertilizer 5s 78. “ee ASHINGTON. Oct. 10 (UP) —GovernShe spread her stuff right down Canembin Club 8 82 n. te ment expenses and receipts. Jor the ove: And with rent controls due for the: dairy : Bins, every kind. of Citigens nd Tei las 61 ens rent fiscal Jour Shroush Oct. 6 com- revival before it dies here, the cheese .you could think of, then Hamilton Mis Co fs 8 = Expenses § THmtonr,.. Last Year gutionk. fo housing will be a a catsup-dunking shrimps to make] npis Public Loan bs 84 is : Recelp 5 . 9.809.163.601 9,604,930,306 ugh. : ; es : p i : : ber guests thirsty again. i mesiong 33 8 Pane 4766,33 009,073,788 | 1 wm : A : " : She's a gay old gal, arrived, Iadpis Railways 88 81 Gan ma ganas 300M Local Truck Grain Prices y nt 4 uo So “fashionably Iate” “wearing a fine acknt § ¥ Cw uli ately Sn key pa : ' . : L S * oi | 5. 432,192, lh rhietl- No. ruck-wheat, $1.88. D I B D i : : : hunter's green blanket, trimming § tad Rup £75 3% 1 - | INDIANAPOLIS CLEARING mouse | NO: 3 white com. 142 e You rive n - a — an TIve U : ac v ¥ or in old gold, a Lily Dache num-| Public Service 3%s 75 107 Clearing ............ L..§ 9,109, No soybeans Ta 82 2 6b 4 4 i ¥ “Traction Terminal 5s 57 . "83% . $ Be - 3 E ber, hung jauntily over her right! “gs atvidend er eervatsssaien iecvoos 25,345,000 No. 3 oats, T4e. : : H os SR - A ——— site mai at apa ati ——————————— A ——————_ - — i 3 - - 3 RE : 4 x ; 5 i " . $ . . > a T Tne y Y x sa Ais 3 THE INDIANA NATIONAL BANK , Tne Union Trust Company TR be . or | OF INDIANAPOLIS OF INDIANAPOLIS ia ? : : IE ; : . . : . s Notice of Shareholders’ Meeting Notice of Shareholders’ Meeting : 6 Drive-In Wi ndows 5 Lobby Windows Notice is hereby given that pursuant to call of its Directors, a special Notice is hereby given that pursuant © call of its Directors, a special ? , i < ? ' meeting of the shareholders of The Indiana National Bank of Indi-- meeting of the shareholders of The Union Trust Company of Indi- 7 " ; — fr anapolis will be held at its banking house at 3 Virginia Avenue in the - anapelis will be held at its banking house at 120 East Market Street, The DRIVE . IN BANK 0 City of Indianapolis, State of Indiana, on Thursday, October 19, 1950 in the Clty of Indianapolis, State of Indiana, on Thursday, October - de oa, at 11:00 o'clock. A. M. (CS.T.) for the purpose of considering and 19, 1950 at 1:30 o’clock P. M. (C.S.T.), for the purpose of considering : ~~ iE determining by vote whether an agreement to merge and consolidate and determining by vote whether an agreement to-merge arid con- 3 : aff pig the said Bank and The Union Trust Company of Indianapolis, located solidate the said Bank and Trust Company and The Indiana National 3 k a : LAA . eh pits in the City of Indianapolis, State of Indiana, under the provisions. of Bank of Jndianapel lis, located in she ; Thy of lachasinpelis State = - a 3 nat : the laws of the United State , | ifie fi i 3 ana, under the provisions ol aws of t m tates shall e "rs CHT 3 the purpose Ofvotes upon et, shall be arified and vii tothe hay io ratified and confirmed and for the purpose of voting upon 1440 NORTH MERIDIAN STREET merger and consolidation of the two banks. A copy of the aforesaid any other matters incidental to the proposed merger and consolidation 5 : . : . Agreement executed by a majority of the Ditectors of The Indiana of the two banks. A copy of the aforesaid Agreement approved by the Fis MEMBER FEDERAL DEPOSIT INSURANCE SORRORATION National Bank of Indianapolis and approved by the Board of Directors : Board of Directors of The Union Trust Company of Indianapolis and J MEASET-PEDERAL RESERVE SYSTIA > of The Union Trust Company of Indianapolis, providing for the con- | executed by a majority of the Directors of The Indiana National Bank of o£ foes od Ee 5 7 solidation, is on file at thé Bank and ma i { during isi i of Indianapolis, providing for.she consolidation, is on file at the Bank 4 Ne pa z Ss PLLA Se r ank and may be inspected during bisiness ad:may beinepocted duricghust ’ : ; } ol § oun, = rr vo 2 | a y be inspec uring business hours. : 7 MAIN OFFICE, 123 East Market Street + EAST SIDE BRANCH, East 10th and Bosart BY ORDER-OF THE BOARD OF DIRECTORS. 2 —_ | 8Y ORDER OF The 80ARD or DIRECTORS. iN i : wh . ; £5 $ . wie fd : : i > : J. KURT MAHRDT, Coshier | SRL pe ST CLARENCE R. Kuss, Secretory bi ea ; ae Z in : ® i 7 : iE ; t = ~ x - th 4 vir 4 1 ? i J Si i 7. : 2 a> Ea . oa JS ES Tar i pe 5 4 i 3 ~ > 5 ¢ Ee

and gilts selling from 25 to

Soc

In ( "Hol No

As th south’ and No. 1 spot Altho the natior great 104: This is | process th: football. I departure gridiron sc plenty of The So means th through c« about 109 the cour team. Thi last week’ hair-breat Texas Ags The Ric bolted int 108.8, afte victory, 38 Sta Stanforc moved up after winn 21-0, over Fourth the Kentu after they ton, 40-0, Washing moved in U.CLA. t Army, 4 State, jum

Has

Tote

Tor Ma

Yester The d scores alo low for M High a 665 seri were 213, : Top ma house Le: was Doc ( games of : man rolls Market, Toivo L games wer series in tl Side. Other € Stringer Stringer n 656 in Pri League, ai 210-197-234 house Lea; Marge | Rhodes, b most tied Marge hit Gertrude | 611 in the sylvania. Most con edly was with Good lan’s. “His 169 and 1¢€

C The “eli town have Club — op have ever league or tion. Eleven v trick so fai are a host previous leads this ; honor cou the nation’ son, rolled bel has t Fran Sny Sauter, E

Early, Est

Marge Si Rhodes ha Newly e club are ° dent; Evan dent; Lois riel Hayes Glassgon, s Presiden get the cht and wants

Cat