Hammond Times, Volume 6, Number 25, Hammond, Lake County, 30 June 1917 — Page 6
PAGE SIX
June 30, 1917 MINNESOTAN HEADS THE MYSTIC SHRINE SAFETY SECURITY SERVICE CONDENSED STATEMENT OF CONDITION, CLOSE OF BUSINESS, JUNE 20, 121V. EAST CHICAGO, INDIANA. RE80URCES. Loans, BondB and Securities $ 772,064 25 Bank Buildings, Vaults, etc 69,080.50 U. S. Hond3... : - 50,000.00 Cach Reserve 144.880.50
4 &' ?rJ ir vT-
LIABILITIESCapital Stock Surplus and Profits Circulation . Deposits ; Total
(
-I 100,000.00 20,629 52 50,000.00 ... 855,395-73
H
STATEMENT AT THE COMMENCEMENT OF BU3INESS, JUNE 21st, 1917. First Calumet Toast
am
sags
East Chicago, Ind.
Cliicago and Kennedy Avenues.
WALTER J. RILEY, President. SAMUEL W. OGDEN, C. A. VESTBERG, ARTHUR ROESKE, Vice President. Vice President. Gashtey. RESOURCES. Loans and Discounts $569,093.33 Stocks, Bonds, etc 239,273.07 Furniture and Fixtures 3,500.00 Overdrafts 960.86 Cash on Hand and in Banks 160,018.31 , Total $972,846.17 .LIABILITIES. Capital Stock $ 50,000.00 Surplus Earned 35,000.00 Undivided Profits 2,200.15 Reserved for Taxes 2,209.72 Building Account 40.59 Deposits 883,395.71 Total $972,846.17 COMPARATIVE STATMENT OF DEPOSITS. June 20th, 1911 $140,1661)6 June 20th, 1913 $32 0 0 49 .! 36 June 20th, 1915 $349,290. 1 Tune 20th, 1917 $883,395.71 DIRECTORS!. Hon. Lawrence Becker, Solicitor of the U. S. Treasury. George Hannauer, General Mgr., Ind. Harbor Belt R. R. Newton A. Hembroff, Attorney for the County of Lake. Samuel W. Ogden, General Mgr. Grasselh. Chemical Co. Walter J. Rilev, President. Arthur Roeske, Cashier. C. A. YVestberg, Vicp President East Chicago Co.
We Solicit Yqus Business
AFE
Er.;irvrmr.iwrrjffHa TY FIRST
' !
STATEMENT AT THE COMMENCEMENT. OF BUSINESS, JUNE 21st, 1917. 137th and Cedar Streets, Indiana Harbor, Indiana.
WALTER J. RILEY, President.
C. A. WESTBERG. JOHN CARROLL,
Vice President. Cashier.
M. E. KOZACIK, JR., Asst. Cashier.
First
Itate Trust &
Savings
137th and Cedar Streets, Indiana Harbor. RESOURCES. Loans and Discounts -'nnVrSn ' Furniture and Fixtures . . . o,000.00 Real Estate 'ilo ? Due from Departments ; 613.87 Current Expenses 15,842.02 Cash on Hand and in Banks 83,420.63 $643,807.89 LIABILITIES. Capital Stock $ 50,000.00 Surplus Fund 10,000.00 Fndivided Profits 65.74 Roservcd for Taxes and Interest 4,931.31 Earnings 15,363.66 Deposits 1 563,447.18 . . $643,S07.89 COMPARATIVE STATMENT OF DEPOSITS. May 11th, 1914 (opening day) $iQ90Q7n T,ir, on 1915 5 1 3 8 , 6 b a . y u
W 20th. 1916 5304,557.231
June 20th, 1917 $563,447. 1 8 DIRECTORS. Frank Callahan, Mayor. John Carroll, Cashier. M. E. Kozacik, Asst. Cashier.
Walter J. Riley, President.
II C. Rutledge, Postmaster. C. A. AVe ;tberg, Vice President East Chicago Co
THE BANK THAT TREATS YOU RIGHT 1
CharleB II Ovenshire. Charles E. Ovenshire has just been elected imperial potentate of th Anciont Arabic Order Nobles of the Mystic Shrine. His homa is at Minneapolis, Minn.
Total
..$1,036,025.25
...?1.036,025.25
FIRST TRUST AND SAVINGS BANK
RESOURCES. Loans, Bonds and Securities $ 100,867.66 Vaults, Fixtures, etc. -v 4,15712 Due from Departments 12,000.00 Expense Account 3,256.05 Cash Reserve ' 17,368 61
Total
137,649 44
LIABILITIES.
Capital Stock Surplus Undivided Profits Deposits Total
50,000.00 10,00000 5,733.33 71,916.11
137,649.44
The etock of the First Trust and Savings Bank is owned by the stockholders of the First National Bank. COMBINED RESOURCES OF BOTH BANKS $1,173,674.69
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SOUTH BAY HOTEL NOTED HOSTELRY
DICE TO BE RAZED
Famous Institution Built by Chicagoans and Once Center for Regions Social Gatherings, Yacht Rendezvous in Way of Inland Steel Mill Which Bought It.
The old South Bay hotel, for seventeen years a landmark of the Indiana lake coaft. and In Its day a popular summer rendezvous for vncationf rs. is soon to be no more. The hotel changed hands on Monday, passing from the possession of the Indiana Harbor company, to the Inland Steel company. It
is to be torn down in the very near future to make 'way for steel mill encroachments. Tenants have been served with notices to vacate by the end of this week. And thus vanishes the oldest landmark in Indiana Harbor, and with It the last vestifre of a misguided enterprise, which failed to see the handwriting on tlrt? wall, and which dreamed of developing: Indiana Harbor as a summer resort, rather than the center of the greatest industrial region in the United States. Just what the Inland Steel company is to erect on the o!d hotel site, is not made public, but there are rumors to the effect that a modtrn office building; will be constructed here, and perhaps a laboratory. The mill has also acquired the property at the corner of Baltimore and Michigan avenues, now occupied by the J. L. Johnstoncs. and it is understood that this Is to be moved away or torn down. For seventeen years the old South Bay hotel has kept watch and ward over Lake Michigan. A few years ago the beach was right across the street from, the hotel grounds. Gradually, however, the lake has been filled in, until the hotel now stands well back from the shore line. The fiiling-in process was achieved first by piers, and the accretions made by the wear of the water against the solid piling, which formed the pier's foundations, and then by thousands upon thousands of tons of slag and mill refuse being dumped into the water, until, foot by foot the lake receded, leaving the old South Bay a sad and gloomy structure, foreboding its own destiny, as year and year went by, and the hotel, failing to pay Interest on the investment lapsed into gloomy decay. For years it has apparently been on the verge of dissolution, and why one of the big winds that has ravaged the shores in this vicinity, whipping the waters to fury, wrenching out piling, and tearing away great areas of macadam pavement, has not Ions since leveled the big hotel, speaks volumes, either for its foundations or for the grace of the Almighty. The South Bay hotel was built in 1900 as a Lake, summer resort. It was planned by Jarvis Hunt, the ' noted Chicago architect, on generous and palatial lines. Its original cost was
flve rooms, every one of them having j bath connections. This is unusual.
even today in the regulation summer i hotel, and it wa even more unusual in the day when the South Bay hotel! wps erected. It was advertised as one I of the finest summer hotels in the United States, for its size. TlTere was j nothing tawdry abou- tho place. The, rooms were spacious, and the ceilings lofty. The spacious dining room, matched in character the big ball room, j The furnishings were elegant in their i day, before the ravages of time andj
lack of proper upke-c-p caused mem to relapse into an appearance of decayed grandeur. In the heydey of its youth, the old South Bay hotel, was the scene of fashionable gatherings, the shelter of many a notable, sreking surcease from the heat of the city for the week-end, at a place where it was but the matter of an hour's ride on any one of a number of railroads, to an3 from town. But as the smoke increased and the Inland mill grew more and more tre
mendous, it became apparent that the J South Bay hotel would never fulfill its; original purpose. The mill's bigness overshadowed the hotel and its smoke enveloped it. Mill smoke and dainty summer fabrics are not on the best of i terms. and fashionable "resorters." that is. of the feminine persuasion. with summer finery display, soon! learned that the South Bay hotel was j no place for them and their fine clothes. The hotel for a while did well, how- j ever, as with the growth of the mill, j came more and more superintendents; and mill officials who required to be j put up for a night or a week, or more or less permanently, in close proximity j to the scene of their activities. There were always high salaried men who . had the price and were willing to pay ; it. so long as the mill was not in too j close proximity, and for a time being j the establishment flourished fairly I well. But it shortly entered upon the j days of its decay. Scandal attacked the establishment. There were a f ew i years when it almost was worth any-1 body's reputation to be caught there, but the management who had brought upon the establishment its bad name, , was in due course gotten out. and for some years the South Bay enjoyed a
deputation of decency, 'and good order was once more inhabitated by men of standing and their families. But it was on the down grade so far as being a paying institution was concerned. It bore the aspect of decay. Patches of the "plaster which covered Its huge exterior, flaked off. It began to resemble a "has-been." For the past few years it has been far from a paying investment. That it was doomed was evident to all who knew the place. Just how soon the wrecking of the building will take place is not known, but it Is said that It will be razed as soon as the tenants now occupying the premises can find new quarters. Indiana Harbor Sentinel.
East Chicago tier People and Occurences'
A special meeting of the Elks is called for this evening for the purpose of conferring the honors of membership on a number of candidates. Word has been passed around that there will be much doing as the Crown Point contingent consisting of Mack Foland. August Johnson, Herbert Wheaton, Judge Harry Xicholson. Lew Barnes, Hut Olds and others have sent word that they will be up to see that none of the candidates are slighted. Concluding the initiatory work, an old time social session will be held and lunch will be
Herbert Jones, father of "William anJ Ed Jenkins and Wm. C. Jones, passeel away this morning at 4:30 a. m. Mr Jones moved here from Crown Point a few years ago. The entire community extends their sympathy to those left to mourn his loss. Mr. Jones was employed as watchman at the Interstate. There will be no Sunday school or services at the Swedish Lutheran church, corner of Baring and 14 9th, this Sunday, on account of the convention that is being held at Michigan City.
Fifteen young people, members of the i licious
M. E. church attended the meeting of
region at Indiana Harbor last evening. The young men of the First Methodist Episcopal church, at East Chicago, will have charge of the services tomorrow evening. They have not attempted a special program but have provided good music and a cordial welcome for all. Rev. Geo. B. Jones will have an address for this meeting upon the subject "Cleansing the Young Man's Way", an orchestra will introduce the service with two or three selections. Many patriotic sermons will be delivered from the pulpits of America tomorrow and the advance announcements of the subjects and outlines indicate a new line of thought 'to be considered which will be of interest and value to all who hear them. Rev. Geo. B. Jones, pastor of the First Methodist Episcopal church of East Chicago will have as a scripture foundation. The feeding -of the five thousand as recorded in the 14th chapter of St. Matthew. His subject in the morning service will be "Profit In the Pieces." This sermon Is in response to an appeal sent out to all ministers 'by Herbert L. Hoover of the national food coservation commission of which he is the head. Every one is cordially invited to attend. Each should attend some place of worship tomorrow. Church of the Good Sb.epha.rd. Bishop White of the diocese of Michigan City has appointed tomorrow, Sunday, July 1. as "Patriotic Sunday." He has appointed a special collect. Epistle and Gospel for the day. also special prayers for our country, for the president, and for the army and navy. This patriotic service, will be held at the diurch of Good Shepard tomorrow morning. There will be two celebrations of the Holy Eucharist, the first at 7:00 a. m. and the second wither sermon at 10:45 a. m. Subject of the sermon, "Patriotism." The publis is most cordially Invited to attend this service. The Sunday night service and ths Sunday school have been discontinued during the summer months. THOMAS HINES. priest In charge. Misses Mable and Ethel Silverman are in Chicago for the week-end at
tending a farewell party for their two cousins who will leave for France short, with the Illinois field artillery. The benefit pedro party held yesterday afternoon at the home of Mrs. Thos. Williams was a decided success. About thirty-five ladies were present. Mrs. Bennlt of Xorthcott avenue won the first prize, which was a pair of beautiful hand made pillow cases. Mrs. Hasten won second prize which was a hand crochet towel and wash cloth, Mrs. Wm. Lynn won the consolation prize which was an apron. After the card game de-
strawberry sundaes and cake
were served.
affair g. toward the benefit of the Woodbine Camp Royal Neighbors.
Indiana Harbor Personal and Otherwise
There will be no Sunday schoc 1 or services at the Swedish Lutheran church, Hemlock and 13Sth streets, this Sunday on account of the convention that is being held at Michigan City this week. First congregational church, corner Magoun and 145th street. F. P. Blakemore. Pastor. Bible school, 9:30 a. m.; sermon, 10:45 a m. Topic: "Our Country a Providence." We extend a special invitation to all lovers of democracy to attend. ' Mrs. Burke will hold the commencement exercises of her classes in music at the Baptist church this evening. Beginning this Sunday the Baptlatchurch will hold Sunday school at 9:45 and lasting forty-five minutes; morning services at 10:30; Younjr Peoples meeting at :30 and evening services at 7:30 during July and August. The church has recently been cleaned, and re-decorated and things are now in readiness for the summer. Misses Mary Fulton. Marg.iret Gorrell. Hazel Roberts were Chicago
shoppers Friday.
Miss Hazel Roberts of Muncle, Ind..
ho has been visiting Margaret Gor-
rjl ror the past several weeks, left for her home this morning. Mr. and Mrs.. L. W. Adsit entertained a number of guests from Chicago, during the week-end The Epworth league meeting held ir. the M. E. church last night was a decided success. There were guests from Hammond, Gary, Hobart and East Chicago and with the Harbor crowd the attendance numbered 100. A delightful program! was given after which a business meeting was held. It was decided that a field meet be given Labor day at Gary to which all the Epworth league of this district are Invited. Plans were made for rthe convention at Battle Ground. The Harbor chapter was highly complimented for Its hospitality. The president Is Miss Audria Gant. Beginning with Sunday and lasting through the month of July St Paul s Lutheran church at the corner of 138th and Deodar streets. Rev. Bruno Saager, pastor, services will bo held at 2:30 and Sunday school at 4 p. m. The Dollar socTal of the Christian church will be held this evening at the home of Harry Fulmer on Ivy
Every one present ' had street. The Ladies aid society or tne
the Epworth League of the Calumet an excellent time. The proceeds of this
iContinued on page nine.)
REPORT OF THE CONDITION OF THE East Chicago State Bank East Chicago, Ind. AT THE CLOSE OF BUSINESS, JUNE 20, 1917
RESOURCES.
Loans and Discounts. $465,416.36 Overdrafts l,89o.00 U. S. Bonds - 1,000.00 Other Bonds and Securities 116,129.60 Bank Building 65,000.00 Furniture and Fixtures 17,000.00 Insurance Account 1,074.42 Reserve: Cash and in Banks 168,292.07
Total Resources ' $835,807.45 K
LIABILITIES. Caritpl $ 50,000.00 Sushis 25,000.00
Undivided Profits 3,963.33 3
Bills parable - " 50,000.00 First Mortgage Rear Estate Gold Bonds 22,000.00 Deposits 684,844.12 Total Liabilities - $835,807.45 The Oldest Bank in East Chicago Under Slate Government Supervision
A. T. COLLISON, President. H. K. GROVES, Vice Pres. and Cashier.
H. J. GILMAN, Asst. Cashier. A. C. GRAYS, Vice President.