Kankakee Valley Post, Volume 2, Number 44, DeMotte, Jasper County, 16 March 1933 — VALLEY BANKS ARE OPEN FOR BUSINESS [ARTICLE]

VALLEY BANKS ARE OPEN FOR BUSINESS

BUSINESS BOUNDS UPWARD, READ THE ADS. Bearing the approval of the United States government and of the State of Indiana, banks throughout the Valley Opened their doors the first part of this week for business. The Bank of DeMotte was examined by the State Banking Department and on Wednesday morning received word that they could open with an “A” rating. This is the rating given all banks approved by the department. Under this rating, all ordinary living requirements, business needs, and money for salaries will be taken care of. For instance, if you owe your grocer a bill, give him a check, or if you buy farm equipment, feed, automobile equipment or any other merchandise you need, give a check. Salaries of your employees can be paid by check. Your honest debts can be paid by check. The only restriction is that you cannot go to the bank and draw out any considerable amount of cash, unless you sign a statement you are not withdrawing it to hoard and state for what purpose you do intend to use it. It is understood that the Lowell bank, the Bank of San Pierre, the Rensselaer banks, the Hebron bank and the Crown Point banks are all open. Thus, the Kankakee Valley is once more on the road to recovery. Business men all over the Valley are reporting “good business”. At Harry’s Service Station in DeMotte "things perked right up”, he says At the Swartz I. G. A. Grocery and Hardware Store “business is good.” The Wenger Tire Shop and associate dealers report a revival of trade. Over at Shelby, Fred Wann is once again smiling from ear to ear. The Granger Grocery Store in DeMotte expects a good crowd on Saturday for their usual bargains. All institutions have received orders from the Federal authorities to ascertain the names of all known holders of gold or gold certificates and if the same is not deposited in a bank and currency accepted in its place a report must be made of the same. Owners of gold are given until Friday, March 17 to turn their gold in. After that date they are liable to a fine, equal to the amount of the gold hoarded, and a possible prison sentence up to ten years. In addition one-fourth of the gold or gold certificates may be confiscated. The outlook is distinctly brighter now than at any time for the past year.