Kankakee Valley Post, Volume 18, Number 7, DeMotte, Jasper County, 9 January 1948 — Page 7

FRIDAY, JANUARY 9, 1948

Extension School Dates Are Set

Series of Jasper County Meetings For January Announced By County Agent Announcement of Extension Schools, or Special Winter Meetings for farmers of Jasper County has been received by County Agricultural Agent, J. A. Carroll. The first school will be on Good Fertilization and Crop Rotation and Managing the Farm Business for greater profit, to be held January 20. The announcement came from the office of Associate Director L. E. Hoffman of the Purdue University Agricultural Extension Service. “There schools present opportunities for the farmers of Jasper County to obtain the latest information on agricultural subjects, and to plan for 1948 activities,” Mr. Carroll said today. The subjects of the schools, the dates and the specialist assigned are as follows: Managing the Farm Buiness for Greater Profit, January 20—M. O. Pence and R. W. Schoeff Artificial Breeding of Dairy Cattle, February 10—E. A. Cannon. Farmers and homemakers are invited to attend all of these meetings. Last year 166 farm people from throughout Jasper County attended similar winter meetings. Similar schools last year throughout Indiana were attended

DE MOTTE STATE BANK > Report of condition of “DeMotte State Bank” of DeMotte in the State of Indiana at the close of business on December 31, 1947. ASSETS 1 Cash, balances with other banks, including reserve balances, and cash items in process of collection _ $ 401,850.97 2. United States Government obligations, direct and guaranteed . 992,069.73 3 Obligations of States and political subdivisions None 4. Other bonds, notes, and debentures ~ None 5. Corporate~stocks (including $1,500.00 stock of Federal Reserve bank) 1 6. Loans and discounts (including $48.24 overdrafts) __ 254,854.69 7. Bank premises owned $2,642.03, furniture and fixtures $1,680.90 ____ 4,322.93 (Bank premises owned are subject to sNone liens not assumed by bank) J 8. Real estate owned other than bank premises —___ None 9. Investments and other assets indirectly representing |M![|[| bank premises or other real estate None 10. Customers’ liability to this bank on acceptances outstanding None 11. Other assets none 12. TOTAL ASSETS _ $ 1,654,598.32 LIABILITIES 13. Demand deposits of individuals, partnerships, and' 1 corporations =. $ 1,323,743.01 14. Time deposits of individuals, partnerships, and corporations __ 189,148.14 15. Deposits of United States Government (including postal savings) __. ——- 2,000.00 16. Deposits of States and political subdivisions 73,671.36' 17. Deposits of banks None 18. Other deposits (certified and officers’ checks, etc.)_ 106.76 19. TOTAL DEPOSITS $1,588,669.27 20. Bills payable, rediscounts, and other liabilities for borrowed money - None 21. Mortgages or other liens, $ none on bank premises and $ none on other real estate :—— None 22. Acceptances executed by or for account of this bank and outstanding None 23. Other liabilities 508.43 24. TOTAL LIABILITIES (not including subordinated obligations shown below) $ 1,589,177.70 CAPITAL ACCOUNTS 25. Capital* - $ 25,000.00 26. Surplus $ 30,000.00 27. Undivided profits 10,420.62 28. Reserves (and retirement account for preferred capital) None 29. TOTAL CAPITAL ACCOUNTS 65,420.62 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $ 1,654,598.32 proceeds of snone of debentures sold to the Reconstruction Finance Corporation, snone of debentures sold to local interests which debentures are subordinated to the rights of creditors and depositors, and 250 shares of common stock, par SIOO per share. MEMORANDA 31. Assets pledged or assigned to secure liabilities and for other purposes - 2,000.00 32. Obligations subordinated to claims of depositors and other creditors, not included in liabilities None 33. (a) Included in Loans and Discounts are Loans to Affiliated Companies none (b) Included in Other Bonds, Notes, Debentures and Corporate Stocks are Obligations of Affiliated Companies none (c) First lien trust funds none I, C. Westerhoff, cashier of the above-named bank, do solemly affirm that the above statement is true, and that it fully and correctly represents the true state of the several matters herein contained and set forth, to the best of my knowledge and belief. Correct—Attest: c - Westerhoff H. Swart Ralph DeKock t Andrew DeHaan f Ivan Cheever Otto DeYoung State of Indiana, County of Jasper, ss: Sworn to and subscribed before me this sth day of January, 1948, and I hereby certify that I am not an officer or director oi this bank. (SEAL > Frieda Cheever, Notary*Public. . . My commission expires September 3, 1950

by more than 41,500 farm men and women. .

Some Yets Entitled To Tax Set-Off

A veteran who is in receipt of a compensation from the Veterans Administration is entitled to two-thousand ($2,000) dollars personal property tax exemption. For a veteran to receive this exemption. all that is necessary is for him to present a letter from the Veterans Administration showing a receipt of compensation to the County Auditor. It is advised that all veterans in this county should obtain these letters from the Veterans Administration at the earliest possible date so that exemption can be made.

HEADS MAYORS

Indianapolis, Jan. 2 The new mayor of Crawfordsville was scheduled today to become president of the Indiana Municipal league tomorrow. Clark Jones, who began his first term as mayor last midnight, will automatically succeed retiring mayor John R. Britten of Richmond when Britten’s resignation becomes effective tomorrow. Mr. Otto DeYoung Sr., Harry DeYoung, Thomas Abbring and Sam Hamstra were in Indianapolis on business Tuesday.

KANKAKEE VALLEY POST

Local Herds Among Medal Winners

Dairy Herd Improvement Association Comes Up With Five Winners The Dairy Herd Improvement Association of Benton, Newton, Jasper Counties for which Howard Parks is tester, had five winners in the Annual Dairy Medal award sponsored by the Indiana State Dairy Association. Robert Phares and son, Don. Tyler, Simeon Tyler, and Hazel YeOman of the Jasper County and Diener Brothers of White County won bronze* medals according to the announcement released by G. A. Williams of the Purdue Univercity Dairy Extension Staff. Any dairyman having a herd of ten or more cows, each one producing 300 pounds of butterfat or more on test in Dairy Herd Improvement Association or on Offiacial test, is eligible for a medal. Every cow in the herd must be included if she is on test 270 days or more, heifers less than three years of age and aged cows being excepted. Three levels of production are recognized in the making of these awards. A bronze medal is given if each cow in the herd produces 300 pounds of butterfat; a silver medal if each cow in the herd produces 350 pounds of butterfat,

YOU ARE INVITED TO OUR BIG John Deere Day Program AT OUR STORE See “DOCTOR JIM”

• •• Starring • •• STUART Barbara Woodell Hobart Cavanaugh ERWIN Wjllim Wright

ADMISSION IS BY TICKET ONLY ALL DAY THURSDAY JANUARY 22 — IlhOO A.M. Otto DeYoung & Sons DeMotte, Indiana IF YOU HAVENT RECEIVED YOUR “FREE” TICKETS ASK US FOR THEM.

and a gold medal if each cow in the herd produces 400 pounds of butterfat. These awards were made at the annual meeting of the association which was held at the University, December 29.

Try A Classified

DEMOTTE POOL ROOM Snooker Pool - No Minors In Hotel Bldg.

DEMOTTE STATE BANK Member Federal Reserve System DEMOTTE STATE BANK YOUR DEPOSITS ARE INSURED UP TO $5,000 WITH THE FEDERAL DEPOSIT INSURANCE CORPORATION

JAIL INFLATION

Chicago jails are bulging with first offenders and others charged with minor offenses, night and weekend courts have been proposed by a council committee to relieve congestion. The county jail, with 1.058 prisoners, has its largest population in the last decade.

•••Plus*** Several brand new educational pictures including: “What's New In John Deere Equipment For 1948”

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