Indianapolis Times, Indianapolis, Marion County, 17 April 1951 — Page 17
pr
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, shouting— |,
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o say it’
ream I had n of higher entific subrt of the ersities. The vention was i professors best in the ivision. Stuaw enforce-
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had the sole only after ned services ere allowed
med Forces ade just as led inferior . I woke up. senwood.
ten by “A like to say n about the
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n Joe's way | please, but
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red
y, Scrippsr who was eral news- ¢ the incin the tear
ved on to s and «isars without night the at had been rchers were Hurley in aid the “rehad set the soldiers set sy which al Hy burned. done in the on,
ed out that d after the 8.” He said e to use of “surrender aid also the ntrolled by
3 book said it was just sts wanted. “they could a murderer loyed: vetcharge that was “Wall
SEN
oR
TUESDAY, APR. 17, 1951
7 IN ODI Nss
y HAROLD H. HARTLEY Times Business Editor
* REPUBLIC STEEL'S Tom Girdler made a bare-knucke Approval Assured
St h up at Purdue. Indianapolis police and firemen | He said we'd better watch our step. We've got nobody today were just a step away from |
i En y $25-a-month pay increases after) to bail us out, like Europe. We're on our own. City Council ‘passed a $280,233]
And if we slip, they won't be eating our food, they'll ordinance providing necessary be chewing us’ up. [funds last night.
The steel b d ni | The cost-of-living boosts still : 8 08S use nICer | oking for men for better jobs. are subject to revision or rejec-
Council OKs Funds to Hike Pay of Police
State Tax Board
THE INDIANAPOLIS TIMES
CHARITY HEADQUARTERS—Front view of the proposed new English Fou
words. He said our increased Yours is. That's because they tion by the State Tax Board. | However, Tax
| » o » » ” u » - { ar : , Board membe e 1 od standard of living is a reflec. all Ww nr Fiat Tey ™ consulted before last wen neee Bipartisan Deals Release Architect S ans
tion of our own productivity. And| And it's indicated the plan t line eople again who de- indicate e plan to use gasolin he warned against letting con-| ide PD gan it bet- tax revenue for pay raises will be’
trols, restrictions and high taxes o. the people higher up, and the approved. In Votes Revealed cripple the way we live. customers. Approve One-Way Streets
" ' » A 8 8 Six major one-way streets were | “THIS PRODUCTIVITY,” he | yp nay BE HARD to believe, approved by the oy over ob-|
said, “is the hest answer to the |... y you make their decisions for pections of two residents who challenge that our system Is not them, day by day. And finally, protested against the plan. Mayor welding. |you promote yourself. Bayt personally appeared before
“By continuing to make our “no. you can see who your real ° : system oorh we Nave the best| poss » y the executive scssion of the coun-
possible defense against socialism| you and communism.” } : About squaring off with our Your Milk Dollar Fair Deal charge account, pling up in Washington, he said, “Only hy production can we work out|taken quite a beating.
us public debt.” | of the tremendotis pI : But few know why. The dairies streets. :
THEN HE SAID it. “We're not|aren’t #tting rich. They earn! Submitted to the council like Europe. We can’t look to+about as much as other busi- the first time was more than $2 tion. someone else to bail’ us out.” nesses, less than some. million in bond proposals.
He was up talking to the It's the system, the handling animal food men. And he laid and processing of milk. And milk, the American way on the line and the newspaper, are about the in the way only Tom Girdler only two things left which are decan. livered regularly to your door. ” s " un ” » HE'S A PUDDLER, not a jyNpIANA UNIVERSITY has) coddler. And he's got muscles peen digging into the books of | in his mind as well as his arms. the dairies to see who's getting I listen to a guy like that. He's ich off the cow.
pot jhe sind to blow up | It looked at the books of 311 pected to be available July 15 close. e . milk companies in 42 states. And!if the first réquest is approved.
Money From Heaven |business which takes in well
1 JUST LEARNED something | billion dollars a year.
about men. They get stuck with . nn 5". % {their party ranks old coats, Their pants wear OU THE DAIRY WHICH puts the por tariabe wont fare Increase Cp Pe ample. first. { milk on your porch winds up with | I don't know what to do With gapoyut two-fifths of a cent a quart. your old coats; but some 3000 And counting in the butter, men send them to Goodwill In-icheese and ice cream they keep
dustries, Inc, at 215 8. Senate about 2 cents out of every dollar.
Ave. | Of every dollar you pay your Now the women have dresS mipmap ‘here's where it goes:
trouble, too. They can’t wear out|y np. 1.0 go) their clothes before they go out] avery: DINE UD {LY o> Sefeiy Bold Ia% Week|
: {plies and advertising take 6.05 when no one appeared at a public of style. So theyre stuck Withi . .o “mayee Tome pp P of support.
i insurance hearing to protest the increases. | them. And they pass those tol, depreciation take 4.07 cents.] Members of the Mayor's Traffic Goodwill. | Bottles 4
and containers take 4.05 REV. HOWARD LYTLE, cents. Improvement Committee appeared
i Miscellaneous expenses before the council to answer quesdirector of Goodwill Ingustrios 1.18 cents. Itions about the proposed one |
knows exactly what to do with 2 8 & <a extra coats and out-of-style;. THE MILK COSTS 61.83 cents. of sue ot vel the onedresses. {Wages and salaries of the delivHe sells them to brokers who ery system take 20.83 cents. Delaware Sts., Michigan and New! peddle them to the mountain folk| That adds up to 97.96 cents. York Sts. and Illinois St. and of Kentucky, Tennessee and AT- The dairy keeps the rest. Capitol Ave. Also included are! Kansas. | The figure I looked at twice several one or two-block sections! Down there they don't care if was delivery cost, over 1 cent out of other streets made one-way to their pants don’t match their of every nickel co-ordinate the major plan. coats, or if a pre-depression waist] There ought to be a cheaper; Another ordinance recomline is down around the hips. way. mended by the Mayor's traffic
LJ] = Ld ! ! dvi. . BUT WE'LL KNOW a lot more, 125-Year Plan {advisers calls for no left turns
| jon Meridian St. and was sub-| i, TE en EVERYBODY'S GOT a plan, Mitted to the-council for the first
_/Joe Stalin has a five-year plan in time last night. ete starting a week from Sun every pocket. President Truman!
has a three-year plan. { Goodwill directors from 89 But the plan I like best is the Ine one-way ordinance was
cities will be on deck to compare ’ amended to make the effective notes. They do about $10 mil- BO ok Oeotals, den date of one-way streets when lion a year, just taking old cast-| signs are posted. As originally,
| r Plan." offs, clothing, lamps, book a; ye ’ proposed the one-ways would have » ‘hat-have-you and fixin That's because the NYC is 125 . : Stoves, Muth y g vears old today. It has stretcheq Pecome effectively immediately.
. 2 its original 16-mile track between NICEST PART of all is that Albany and Schenectady into a they make jobs for 6700 disabled 11,000-mile system in 11 states. workers, crippled people. { z = = Goodwill pays them, in the na-| IN THAT 125 YEARS the NYC tion, nearly $7 million in wages. has combined 560 railroads. Money from heaven, I'd say. | “We know we have the right Easy Money |plan,” Mr. Metzman said, “and if
: ; we keep working with it to the BUSINESSMEN don’t always... .¢ our ability, we can make string along with Beardsley Rumi, it Work -even. better.” but they will today. in a The ex-chairman of New York's) «rug INGREDIENTS of the Indianapolis Life Insurance Co.! bulging Federal Reserve Bank ,.;,» phe listed as “opportunity, has its sights set on the quarter told the boys in business curves|n.entive work, reward. The re. billion dollar policy target this that now's the time to shoot the gig serve both the public and Year. works on expansion, improve- tha jpndividual.” ments, put in new elevators, fancy
By NOBLE REED
way ordinance.
funds for the repair of Indiana|the May 8 primary. THE DAIRY INDUSTRY has|Ave. bridge over Fall Creek and appropriation of
issue to expand and improve Weir urging
feated if nominated. Little Effect Seen Mayoralty candidates in
inally scheduled. Bond Issue” Submitted |
street repair and
| weeks,
jof 35 cents for the first three-| {fifths of a mile and 10 cents for! each additional two-fifths of a
mile. the Democrats’ candidate.
Here Apr. 27
roll of Times Spelling Bee
semifinals.
Revise Ordinance
district. Center Township Pair
to give Indianapolis Railways! trolley routes. also held off effective date of the|
Illinois St.-Capitol Ave. one-way
School.
removed from Illincis St.
ithe semifinals at 7:30 p. m.
Indianapolis Life Sets $250 Million Target |
More Spellers nm ox oc EtEr Semifinals
Four more grammar school pu-| pils have been added to the honor
{84, and Marsha Seraphine, 13, of] Christ the King Catholic school,! earned the right to represent that
Party Lines Jumped | To Defeat Candidates
{ Bipartisan meneuvers in which cil to urge the passage of the one- gome Republicans will jump party {lines to back Democrats and visa Also given council OK's were|yersa are operating full tilt for
Some GOP workers are progasoline tax moting the nomination of several | Everyone says milk is too high.| funds to be used for repair of city Democratic candidates on
the
/strategy that they will be easier for to defeat in the November elec-
. There are groups of Democrats A request for ¥-750.000 bond working the same strategy by n luke-warm Republican Cook Municipal Airport was sub- voters to support GOP candidates mitted, two weeks later than orig- listed as most likely to be de-
both
The first of two $500,000 bond | parties, however, contend the biissues to provide funds for major partisan manipulations ‘in
the
improvement primary will have little affect on! lalso was submitted. Money is ex-|the outcomes unless the races are
These bipartisan maneuvers in|here’s what it found about this The second $500,000 street bond Vvolve trading of support in order
over request is expected within several to get their candidates nominat-| jed with additional votes outside
one clique of
| |Democrats agree to round up ed: Others are in imminent dan-i., .. 04 out” at a nursing home| the first time. It calls for charges| “OTRAS 281 GOP ang or ger of eviction. All of them have
|if the Republican backers of that been looking forward to the con- : Arey will agree to Suppest struction of this new building. {728 N. East 3,
! Thus, some Democrats will be The request by eight Indianap- voting GOP primary ir Be ang Capehart was able to convince weeks behind in board payments |olis taxi companies was approved some {top NPA officials that the build- when their child became ill. {some GOP voters will ask for
Democratic ballots in the trading
Contestants to Meet
con-
testants who will compete in the!
At the second preliminary last! night in the Fairview Presbyte-! rian, Ralph Leavitt, 12, of School!
Representing Center Township in the semifinals as a result of a | The amend 4 red county school speHdown will be sndment Was required!silly Miller, 13. of the William
:» (Evans School, and Stella Hardtime to make required changes in Ihe amonament | Wick, 13, of the Albert Walsman
Two winners from each of the pair until street cars have been 18 districts in Indianapolis and {two winners from each of the - nine townships will take part in
Apr.
{27 in the World War Memorial. One more second preliminary a spelldown will be held in an Indianapolis community center. Wednesday night, 20 contestants not spelled down a week ago will return to Ray Street Community
At the close of 1950 the firm center for a final elimination to That the NYC has lived so long had a total of $242,766,000 worth qjact two winners for the semi-
On
driveways, and maybe scented j3 the best of recommendations. of insurance in force, and Com- gnaic No new contestants will be
showers so workers can go home if yoy think that's easy, ask those pany President Walter H. Huehl accepted. smelling like a“ rose. |560 other railroads which melted predicted arrival at the quarter |
as un = | THEY CAN DO IT with “cheap !0t0 the NYC.
money” handed them by the ex-| . . cess profits tax. It happened in 3 Held in Burglaries
the last war. . At 2 Courthouses
{In the annual report issued today rial auditorium to select
{ The finals will be held at 1 p. m. {billion mark some time this year. |Apr, 28 in the World War Memo-
The
{the company stated that assets Times representative for the Nahad increased more than $5 mil- tional Spelling Bee to be held in lion, boosting total assets beyond Washington, D. C., May 25.
I heard many an industrialis 00 throwing a party, say he was| LOGANSPORT, Apr. 17 (Up) $66 million.
doing it with “10-cent dollars.”|—Three men were held here today
Unassigned surplus reached a|local Stocks and Bonds
His tax was 90 per cent, and the as suspects of burglaries at Coun- "éW high, at $4.7 million and re-|
—Apr.
party was deductible. lty courthouses in Attica and Serves were increased by more | STOCKS Bio 8 { Muncie. than $3 million. | American Loan 5% pid . os THE EXCESS PROFITS tax| gtate police identified them as The 1950 new business total, iferican States ofa ...... 24 teaches business bad habits. I} Harold Bryarly, 30, and Sam $31,556,000, was the largest sin- Ayishire Coilieries com res (ta throws money around, lets €X-| Goldstein, 59, Columbia City, and gle year figure in the company’s Belt RR & Stk Jrds ota cr 83
gobbs-Merrili com
pense accounts run. Here's what Dale Hertel, 34, Ft. Wayne. Mr. Rum] called the tax. 1 JiKe] me
45-year history. his words. 2 Bite. ¢ a mA
Bobbs-Merrill pfd 4'2% Central Sova . Chau of Com com Circle Theater com Com Loan 4 ofd Cummings Eng com Cummings Eng pfd
{ He said it is an “evil brew of | = inequity, exception, exemption |
and privilege.” Consolid tea finance 5 pfd Yo'a Contin-Car-Na-Var . 1'a AT 8 Cogn wpa BE ol astern In ele 5 p “Vows to do it that way, he to us {Equitable Securities com ..... 25 Family Finance com I
. Family Finance 5% ptd Hays Corp pfd ww Hamilton Mfg Co com Her[{-Jones cy A pfd Home T&T 5% pfd
nessmen to hop to it. |
Who's Your Boss? I ONCE HEARD a man com-|
plain, “I don't know who's my Hook Drug Co'eom boss. Everybody gives me or-| Ind Gas & Wat com ...... ’ 1 n ich p Cree ders.” le feel Ni that jd Teicphone & 8-10 pig .... $s. e e at, ndianapallis Water com...... 18'% A lot of people fe : Indpls P & L com 30's
They get fed up. They go home, and grumble to their wives.
Indpls P & L 4% ptd ........ 87 {tndapis Ath Club Reality Co b4
[ndpls Wat Co 5% pld 107 "They sit around behind an open gefterson National Lite com ... 10, | Indpls ater ‘27 © ‘ / newspaper. But they're not read- J I 1 ) ing. They're still thinking about| iKingan'& Co id ; : all the people who tell them what) dhynely Corp io. cn 16
Marmon-Herrington com ....
to do. It rubs their dispositions
[Mastic Asphalt 2" BY cori iia BEL ater HERE > n je g sy A MAN LIKE THAT'S a suck- x Ind Bub Serv ay pty } 9613 er. He's overlooking somening; progress Lhiare oie? dir i i Mallory o NET RTT Pnats nimeelt. oo ak . . u Serv. ol n com sreenns Every word he: speaka. ony ber hice ota 1" 18 decision he makes, hour by hour, 80 Ind G & E com creel s | *8o Ind G&E 4.8% ptd ...... 6 determines whether he'll get a | 18Cokely- Van oo Pi ens 108 raise, get promoted, or whether, tokely-van Camp pid ....... ls the boss will take a shine to him, | Gere, Haute Malleable sence BY 1ift him out of the ranks, and | Unites 'felerhane "% old" a send him on his way. { | Gnlon e Ve = HONDS fd » » | i nn STRANGELY, NONE of this is American® {Gin "4100 $2 i | American an 7 - determined by what e does {American Security 5s 60...... 91 about things. It's people who |Bastian Morley 5s 61. 8 count—always people. | Bahner Fertiliser 38 6° 5 He must do his job well, of & | Eh, of Co Bldg 450s 41 gn rse. But an axle or radio | ea | Citizens Ind Tel 4'28 6) 10} sou! t i romoted anyon ONE WILL RULE JUNIOR PROM—Junior men students at [Equitable Securities 5s 60 97 cabinet never p y a a + h f th . | Hamilton Mig Co 5s 45 99 People promote other people. Indiana University today are electing the Queen of the 1951 Junio: (Tdpls Paint & Color 3s 64 100 k & . . 8 Publi an 8 97 Never forget it. Be nice to theme Prom. Candidates are: Front row, left to right, Blanche Cochran, thd Limestone" 45 1’ Hy . . {ET £41 3 8 Make them like it. Do a little Chicago, and Jane Raper, Brazil, Ind., 'tndpis ‘Runways 5s 61.0. 0
Indianapolis; Crystal Craig, and back row: Nancy Colbert, Washington, and Sue Baldwin. Bridgeport, lll. Winner will be crowned at the dance Friday night by oh estra leader Harry James, tee
“extra. It pays off.
o ” ” A . TLL LET YOU in on a secret. Every organization is always
J
CRKutine Racking 4 59 aa YY ‘ Fe RERY Arteey k
y 3s, "8 'N Ind Pub Eery 31% Public Service 3'as fi]
13 | Lo Trac Term 58 57...0veininnnn.
Mei brits
Holi a
Asked
170
{that Paul M. Ross has been ap- testimony. The parents admitted
{of the former hotel block on Mon- fare Department. {
£8
LE ndation Buildin
g, 61
yards today.
WE AION BOILey 3-21 N. Alabama St. cents
For $1.3 Million Building
| Memorial Project on N. Alabama St. to Be Headquarters for Local Charities
Memorial building and federal governmiént construction approval | were released simultaneously today.
will be headquarters for Indianapolis charities. It will be the world's ports, have announced they are largest structure designed and built to house youth, health and] q,tty
welfare agencies. | as and awarding of tects and Ammerman, Davis &
the major contracts were an-| Stout are consulting engineers. nounced two months ago, but Istart of construction had been de. ready for occupancy by the fall layed pending action by the Na- of 1952. tional Production Authority. Praises Capehart Aid Joseph J. Daniels, president of the English Foundation. praised the efforts of Sen. Homer E. Capehart in helping to get federal approval. “It is not generally known,” Mr. Daniels said, “but many of the 20 or more agencies to occupy this new building actually have been faced with the necessity of curtailing import community serv- $100 yesterday.
ices at a time when the national ! | Sentenced were William Hayes, {emergency makes their services| 28, ond his wite, Susan, 26. |
more important than ever. |“ They are parents of Billy Sue
Two Who ‘Treated Children Like Animals’ Jailed
| “Because Indianapolis has one lof the most critical rental short-| ages in the United States, several Mar. 13 was taken to General
| {Hospital with a serious kidney, lagencies already have been evict. OSPIla Te atte Ial ooo
operated by Mrs. Betty Holder at
|
= ” » MRS. HOLDER told authori“Realizing this situation, Sen.!ties the parents had been nine
‘Urgently Needed’ |
The Hayes’ three other chil-} 'dren were boarded in other Daniels also announced homes, it was brought out in|
ing is a community project urg-| ently needed now.” | Mr.
pointed executive director of the they had not sent gifts or visited, Foundation ‘and administrative their children last Christmas. officer of the board of directors. | Referee Mary Miller Dale made! The new building will be erected the four children permanent] with funds received from the sale wards of the Marion County Wel-|
ument Circle, the site of the new ~~ oT Yo. 4 | J. C. Penney building: Local Truck Grain Prices List of Contractors | “No. 2 truck wheat. $2.28. | The largest such charity head-| fo.2 SoYbesiia, $3.14. quarters building now is in Minne-| No. 2 white corn, $1.77. apolis.
toe 50,000 square feet No. 2 yellow corn, $1.68, of space. e new English build-’ ing will have more than 90,000 u. S. Statement
square feet. WASHINGTON, Apr. 17 (UP)—Govern-|
| {ment expenses and receipts for the cur-! h Car] M, Geupel Construction Co. | ee fiscal year through Apr. 13. compared | olds the general construction with a year ago:
i Last Year contract. Other primary contrac gxpenses .. § 33.005913 810 § 31.401,633.537 | 6.858.868.476 29.512,848.012
tors are Hayes Bros. heating, Receipts .. 36.858.866 12 ne 4,852.89 : asian ventilating and plumbing; Hatfield benoit [4.850.595 1,888.785,525 Cash Balance ~ 7,509,932.313 _ 4.988.336.3768
Electric Co.. electric wiring sys-
Public Debt 254.709.228.267 235.483.828
tems, and Westinghouse Electric Gold Reserve 21,806,163.612 Corp.. elevators. | Burns & Burns are the archi-
i ay | INDIANAPOLIS CLEARING HOUSE | Clearings $10,335,000 Debits 34,610,
Aussie Shipping Cut Threatened
17 (CDN)—A ship's arrival in| Australia may soon become as| [big an event as it was in this Architect's drawings for the $1.3 million William E. English country’s early days.
they send here by 50 per cent.
last year tied up ships an aver-
only 27 days in 1939.
Expert on Radium Dies
Hayes, a 14-month-old girl who}
average.
MELBOURNE, Australia, Apr.|
tired of the deal $17.50.
getting in
American
Early
PAGE 17
Hog Prices Mostly 25¢ Lower Here
Opening Trade Moderately Active Hog trade opened moderately active at the Indianapolis Stocksales of choice light and medium weight [barrows and gilts were mostly 25 lower than yesterday's E
Hogs, 9925; bulk choice 170 ft. 240 pounds, $20.50 to $21; several loads choice No. 1 and 2, 180 to X 220 pounds, $21.10 to $21.25; 240 to 280 pounds, $20 to $20.50; 364
pounds, $19.25; 120 to 160 pounds, |$16 to $19; sows, mostly 25 cents lower; choice 300 to 550 pounds, '$17.75 to $19.25; odd light weights, Reason: British and European $19.50; 600 pounds and above, | ship owners, The building, to be erected in the 600 block of N. Alabama St. | they're Australian| Cattle 1550, calves 325; steers and heifers fairly active, fully ng the number of freighters Sealy to 25 cents an Jota mote Shipowners also threaten fiir. choice 750 to 1150-pound steers pe|ther cuts unless Australia does$3450 to $36; one-half load high The building is expected to €| something about port delays that choice hel a4 oe Pike er c nd g ; lage of 82 days as compared with|and choice heifers $33.50 to $35; {cows fairly active, steady; utility ‘land commercial $25 to $29; odd ‘head up to $31; canners and cutters $20 to $25.50. Bulls steady: CHARLESTON, 8S. C., Apr. 17 commercial bulls $20.50 to $32;
(UP)—Dr. Robert B. Taft, 52, cutters and utility $25 to ‘$29. |who invented the device used to
{locate lost radium, died here yes-s A JUVENILE COURT referee |terday of cancer. /told an Indianapolis couple, “You national authority on radium, treated your children worse than was a radiologist consultant at animals,” and sentenced both to|the atomic ene
Vealers active, fully steady to pots 50 cents for more higher; Dr. Taft, ajchoice and prime $38 to $41; mostly $39 up; commercial and {good $31 to $38. Tgy center in Oak| Sheep 75; all classes too scarce __Ito test market; nominally steady.
National Bank
of Indianapolis
Statement of Condition, April 9, 1951
RESOURCES Cash on hand and on deposit with Fed-
eral Reserve Bank and other banks ......$ 34,009,885.11
United States government securities ....... 60,441,186.58 Other bonds and securities .....cccevevesess 3,060,953.45 Stock in Federal Reserve Bank «.eececceace 150,000.00 Loans and discounts ........cceseeveveeses 29,467,659.78 Bank buildings and equipment ssssssenseces Customer’s liability account letters of “ Credit +.uvicivnisnncersesitrinsvassncnens 439,201.82 Accrued interest receivable and other TESOUPCER ...voveesrassnssssnssrssonssnsnne 376,351.92 $128,626,629.48
LIABILITIES
Capital SOCK «ceveeceecscsscsascssnssasscsc$ 2,000,000.00
Surplus ets sesesresscsnssscssetsusesennee Undivided profits I PI Reserves for taxes, interest, contingencies, ete. «...cccsvesssssresonses Letters of credit outstanding ....cceceeecee Interest collected but not earned c.cecescess
3,000,000.00 1,147,803.76
881,346.05 439,201.82 174,981.54
DepOSItS ..eietersctsscnncassassssnsnsanses 120,983,206.31
$128,626,629.48
The Indiana ~ National Bank
of Indianapolis Statement of Condition, April 9, 1951 RESOURCES
Cash on hand and on deposit with Federal Reserve and other banks $108,485,742.30 U. 8S. government
SECUritios .oviaeenversiny 182,595,180.74 $291,080,923.04 Other bonds and securities ........ esense 26,603,108.39 i Stock in the Federal Reserve Bank ...... 645,000.00 { Loans and discounts ....... trsvsr eases 79,372,910.83 | Bank bDUIIAINGS +. .+cvoeveinss thseesusase 1,500,000.00 i Accrued interest receivable i.ieeececcecse 995,679.16 | Other resources ...........es tesneneares 87,141.49 i $400,284,762.91 LIABILITIES Capital «.iivviees Seana $ 6,500,000.00 SUrPIUS covsiiitsvrnrrrvees 15,000,000.00 Undivided profits .......... 4,567,946.01 $ 26,067,946.01 Accrued interest, taxes and other . CXPENSES s.vviteisvisrrsrssnrstosnnnes 984,883.51 i Deposits ...ciiciiiriine sesssgsenaneses 372,905962.55 { Unearned discount ........ cesssreinnnanne 287,215.52 | Other liabilities .......:vvee0ne Pesersvss 38,755.32
: $400,284,762.91
Member Federal Deposit Insurance Corporation
Fletcher Trust Statement of Condition April 9, 1951 RESOURCES Cash on hand and with Federal Reserve and other banks ........ sera nes Vesreve $ 28,995424.77 United States securities f.....cceevveeeesses 60,663,332.06 Other bonds and securities ..... sessssssceses 16,326,168.03 Stock in Federal Reserve Bank ...ceeveeeae 150,000.00 Tooans and discounts ........ccc0evvn0000e . 19,194,719.73 Bank building (main and 8 branches) ...... 950,000.00 OLNEr TeSOUrCeS . "es 4s tvrvrrrcrssnnns sens 79,234.33 ee ——— $126,358,878.92 LIABILITIES Capital 8toCK c.eavseseesse.$1,500,000.00 SUrPIUS. ou .. ivi esevviviry3:500,000.00 Undivided profits ........... 678,038.37 § 5,678,038.37 Reserves ........ Rr rr Re 185,451.69 Accrued interest and taxes ...cceceencncnes 394,697.96 Deposits «oc... cnrvnvrssrvnse seessisssesess 120,100,690.90 : $126,358,878.92 Member Federal Deposit Insurance: Corporation . ‘ ; =
Member Federal Deposit Insurance Corporation
The Merchants
National Bank
of Indianapolis
Statement of Condition, April 9, 1951
RESOURCES
Cash and due from banks
tissssssssseccsss$ 36,807,234.45
U. 8. government securities ..ceooeseeseesss 54,2904 879.52 Other bonds and securities .....ececeesec.. 8,752,104.09 Loans and discounts ........eeeceseseseees 29,535534.76 Federal Reserve Bank Stock c.cececescccces 150,750.00 Bank buildings .cceeceeescvccscncsccssnnes 900,000.00 Other 388618 ccvesstrersscrsessssversnvesns 209,175.93 $130,739,678.75
LIABILITIES
Capital StOCK ..cccecesncsicsisscsnssacese$ 2,025000.00
Surplus funds ...cceeveeceesccscccccssncee Undivided profits Reserve for contingencies, taxes, etc. «eves. Other liabilities ..ccceceecvvenese Deposits ........ Sesesatasrraveny
sssvee sesssssssscssadocee
3,000,000.00
,1,757,882.09
863,581.75 44,663.22
vaseeenens 123,048,551.69
«x $130,739,678.76
Member Federal Deposit Insurance Corporation
Fidelity Trust
Company
v
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Statement of Condition, April 9, 1951
RESOURCES .Cash on hand and in banks ....... tesessnes United States government securities ....... Municipal bonds ..ecoevveeeain seasssnsennee
Stock in Federal Reserve Bank .s.ceeeececcee Loans and discounts ........ Other real estate Bank building and equipment ..ccenseccsens
sess er een sseaprsssdascens
LIABILITIES
Total reSOUrCeS ..ocescossssesssagsscssne $29,234,893.88
$ 7,532,748.98
9,081,412.87 163,640.82 30,000.00
12,251,026.41
14,976.22 161,088.58
DePOSItS «.ecvvressssssnesarsrsaasesincsss $27,605890.73
Capital StoCK ..veescnsecessse $500,000.00 Surplus .......ceesssnnsensaes 500,000.00 Undivided profits and reserves 451,645.05 Unearned discount ....ievesceccesssssncsees
Total Habilitie8 ..eceecennsnsssssssesss $29,234,893.88
Member Federal Deposit Insurance Corporation
»
1,451,645.05 87,358.08