Hammond Times, Volume 8, Number 15, Hammond, Lake County, 17 May 1919 — Page 3

May it. an in. THE TIMES. Pae Three--LB- ',u . ' IHJJ

Charter No. :517S. Reserve Distnri No. 7. REPORT OF THE CONDITION OF THE First National Bank AT HAMMOND, IN THE STATE OF INDIANA, AT THE CLOSE OF BUSINESS ON MAY 12, 1919. RESOURCES. Loans and discounts, including rediscounts (except those shown in b and c ?l,7?;.9C.t' Customers' liability account of acceptances of this bank purcha.-ed or discounted by it !."A;vol

Foreign Bills of Kxchanse or Iralt. sold with indorsement of this bank, not .shown under Item d. above (see Item "i7c ' Overdrafts, secured. $ : unsecured. $517.-1.. . U. S. Bonds (other than Liberty Bonds, but including U. S. certificates of indebtedness): V. S. Bonds deposited to secure circulation (par alue) U. S. bonds and certificates of indebtedness pledged as collateral for State or other deposits or bill? payable I". S. bonds and certificates of indebtedness owned and unpledged fremium on U. S. bonds Oberty Loan Bonds: Liberty Loan Bonds, S1. 4 and 4' per cent, unpledged '. Liberty Ixan Bonds, 34, 4 and 4'4 per cent, pledged to secure V. S. deposits Liberty Loan Bonda, 4 and l'i per cent, pledged to secure State or other deposits or bills payable Bonds, securities, etc. (other than U. S : Bonds (other than U. S. bonds) pledged to secure postal savings deposits ..... Securities other than U. S. bonds (not including ptocks owned unpledged Collateral Trust and other notes of corporations issued not less than ONE YEAR nor more than THREE YEARS' time Total bonds, securities, etc.. other than U. S Storks, other than Federal Reserve Rank Stock Real estate owned other than banking house Lawful reserve with Federal Reserve Rank Items with Federal Reserve Bank in process of collection (not available as reserve) fash in vault and net amounts due from national banks Kxchanges for clearing house Checks on other banks in the same city or town as reporting bank (other than Item 17) Total of Items 14. 15, 16. 17 and IS Check.s on banks located outside of city or town of reporting bank and other cash items R"demption fund with V. S. Treasurer and due from V. S. Treasurer Interest earned but not collected approximate on Notes and Bill? Receivable not past due Other assets, if any

J1.S71. 73 .MT.'-'l

."i.r.Oivoo 50 000. i)

1 S2.00 00 419.353.50 f2.7o7.50

s.5. onii. mi

VALUATION TRIPLED ON NEW RETURN

Northern Ind. Gas - Electric i

Co. Hard Hit by New Tax Law; Officials Before Board.

CONGRESS

ILL HELP

RAILROADS

7;;m :$.."!)

f, 1.W..17

fiM.f,31.00 i 9.750.00 I

S0. -.1 234.503.94 15.125.03 r-.5fl.fi30.0t 21,262.05 21,676.27

12,666.66 10,000.00 14.979.14 1.227.31

TOTAL

.435. .S .616. SI

135.075.32

LIABILITIES. Capital stock paid in Surplus fund 1'ndtvided profits Les current expenses, interest, and taxes paid . Interest and discount collected or credited. 1n advance of muturiiy and not earned (approximate Amount reserved for taxes accrued mount reserved for all interest accrued Circulating notes outstanding Vet amounts due to National banks Net amounts due to hanks, bankers, and trust companies (other than included in Items 31 or 32).... certified checks outstanding Total of Items 32. 33. 34 and 35

Demand deposits (other than bank deposits) subject to Reserve (deposits payable within 30 days): Individual deposits subject to check Certificates of deposit due in less than 30 days (other than for- money borrowed Dividends unpaid Total of demand deposits (other than bank deposits) subject to Reserve. Items 36. 37. 3?. 39, 40 and 41 2.77S.1 S3.7" Time deposits subject to Reserve (payable after 30 days, or subject to 30 days or more notice, and postal savings): certificates of deposit (other than for money borrowed) Postal savings deposits Other time deposits Total of time deposits subject to Reserve, Items 42. 43. 44, and 15 1 ,33",464.?3 United States deposits (other than postal savings):

Other United States deposits, including deposits of U. S. -disbursing officers Rills payable with Federal Reserve Bank

5.016.S96.74

$250,000.00 75,000.00 15.S4S.74

1 c nno 1

4.237.83 1 1.477.S3 136.000.00 1,372.53 124.5R6.29 9.117.10

2.744,406.90 31.660.S0 122.('0

46.532.35

200.466.06 134.OTS.lfi 1.055.920.37

46.532.35 100,000.00 $5,016,536.74

TOTAL

STATE OF INDIANA, COUNTY OF LAKE, ss: j. MARCUS M. TOWLE. Ca.h:.--r of th above named bank, do solemnly -wear that the above statement i? true to th" best of my knowledge and belief. MARCUS M. TOWLE, Cashier. t'orrest Attest: PETER W. MEYN. JOHN E. FITZGERALD. W. C. BELMON. Directors. 5ubcribed and sworn to before me this 16th day of May, 1919. GRACE R. CONROY. Notary Public. My Commission expires February 9, 1322.

aB hmh a b a b a a ' b aBB

ITIMES BUREAU AT STATE CAPITAL! IM'IANAIOI.IS. Ind.. May 17. W. A. Milnrrny. of 8011th Bend, representing lhf Xorthere Indiana i.;a. and F.lectnc Company, w h.i h owns public utilities in everal In-likjKi cities, and which was nw?essv lst year at about 2,(100,000. tnade a Matcmeiit before the stale board of tax I'ummissioncrs today that its return for this year show s a valuation of nbout $6,000,000. HAED HIT BY WAS. The sruss revenue of the company Tor 131S. Mr. Mclnerny said, was $3,912.0) oni. after paying: operating expense--. $i.lnO.('00 remained. But in 191S. owiti; to war conditions. h .aid. neither a J..rreeiation res.re, nor an accident resere was set aside, and owing to searct'y and labor, hifsii prices and scarcity 01 money the usual expenditure for maintenance was not tnade. IE the reserves had been sc-l t i ei r and the usual repairs made, he said the amount -w ould ha-, o been $4S7.'HO. Deduct ing this from the income left after subtracltng operating expenses from gross revenue, ho said. would have been left. Capitalized on a ten per cent basis he showed the result would be about $6,000,000. Mr. Mclnerny said the Northern Indiana Jas nnd Electric Company owns ail except three director shares of the stock of the Indiana Gas Transportation Company, owns one-half the stock and bonds of the Peru Gas Company, owns tro West Hammond Gas and Electric Company of Illinois and public utilities m South I'.end. Hammond. Michigan City. Slishawaka. Crawfords ville. Bluff ton. !--catur. Lebanon. Frankfort. Iafayct'o. Wabash atid Ioansport. Ho also appeared for the Peru Gas Company. Mr. Mclnerny said the Northern Indiana Gas and Electric Company had borrowed about $900,000 for wartime improvements, and had to pay eiht per cent for the money, -while the company is permitted a return by the public service commission of only siv per cent. He said the company's property at South Bend is paying taxes this year on a valuation of about $455,000. Multiplied by three, he sa.id, the, possible aluation for this year would be about $1,300,000. The state tax board asked that a statement be provided showing the valuation on whith taxes are paid this year in each city and town in Indiana where the comnnny operates utilities. With Mr. Mclnerny appeared S. F. M ilhoilami. of Fort Wayne, vice president and Rf-neral manager, and B. P. Shearou. of Hammond, assistant secretary-treasurer. Wilfred Jessup, an attorney; Charles W. Jordan, trea-surer of the Richmond School Corporation, and J. H. ,Bentley. superintendent of the Richmond schools, appeared in behalf of a petition to issua $42,000 in A per cent bonds for buying land for school buildings. It was shown that the schools are overcrowded and new buildinjts are needed. Mr. Bentley said the junior higrh school has 600 pupils, although there is really room for only jno.

I INTERN KJ I O N A L NEWS SERVICE I WASHINGTON. May 17.--plans for rendering financial assistance to the railroads will be tak'n up by congress soon after It convenes on Monday. Th general deficiency bill, which failed of passage last March, carried $750,000,000 for the railronds. This year the amount may hae to be Increased 10 $1,000,000.OciO because during March, April and Mty the railroads showed lieay deficit:. The house committee on appropriations is preparing to launch the new deficiency bill, probably before the clo.e of nex.1 week. The present plan is to let the railroad appropriations he carried in this bill. Other features of the ji.;fniency bill will be appropriations to meet deficits in the various government departments to prevent closing clown of necessary work and the discharge of employes. The general deficiency bill will be followed by the soundry eivtl bill, which will carry $660,000,000 for the shipping board needed in the construction of ships, many of which nre now under way. Both of these hilts will be passed by Inly 1. if possible, leaders said 'o-

R e y n a 1 d and son. of

Gary, the guest of

Mrs. .lames

Kansa.i City, is in

I101 sister. Miss Florence ReJnard, sec-

of the Clary branch of th Red

1 etary Cross.

FAILURE TO

RECOMMEND

NOTICE OF ADMINISTRATION. IN" THE MATTER OK THE EST V TE OK ANDY AZIK. DECEASED. No. ilio. Notice is hereby given that the undersigned has been appointed Administrator of said Estate, by the Judge of the Eako Superior Court. Said Estate is supposed to be sohcnL AMERICAN STATE BANK. Administrator. Dated April 30. 1913. S-10-17-1'4.

NOTICE OK ADMINISTRATION. IN THE MATTER OK THE ESTATE OK AlxM.rH HEELER MAN". DECEASED. No. :ioo. Notice is hereby given that the undersigned haa been appointed Administratrix of said Estate, by the Judge of the Eake Superior Court. Said Estate is supposed to be solvent LESLIE HEl,I. HUMAN. Adminsirat rix. Dated Arril IT. 1 9 1 r. 6-10-17-21.

IS SURPRISING

I INTERNATIONAL NEWS SERVICE1 ST. LOUIS. Mo., May 17. The executive committee of the general assembly of the Presbyterian church in making its annual report today, failed to include any recommendations with regard to the inter-church world movement, which is one of the important questions to be considered by the assembly. Members of the commission explained that no decision has been reached with regard to inter-church recommendations. In addition to the report of the executive commission which was presented to the assembly, the reports of the social service commission and the evangelism committee were read. These made recommendations for new work along the different lines and were results of conferences preceding the opening of the assembly yesterday.

NOTICE OK ADMINISTRATION. IN THE MATTER OK THE ESTATE OF JOHN EAZAR. DECEASED. No. 2101. Notice, is hereby given that the undersigned has been appointed Administrator

of said Estate, by the Judge of the Lake

Superior Court. Said Estate is supposed to be sol-vent. DEMETER SZILAGYI. Administrator. Dated April 17, 1319. 5-10-17-24.

NOTICE OK ADMINISTRATION. IN THE MATTER OK THE ESTATE OK THERESA KRESACH, DECEASED. No. 2104. Notice is hereby given that the undersigned has been appointed Administrator of said Estate, by the Judge of the Lake Superior Court. Said Estato is supposed to be solvent. FIRST TRUST &. SAVINGS BANK. Administrator. Dated April 24. 1913. 6-10-17-21.

No.

It Washes, Wrings and Rinses This is the most remarkable elect rir washin e: machine we have ever handled.

"Laundry Queen

Electric Washer

shoulders all the hard work of wash dav you'll wonder why vou ever cot alone without it. And it costs less than five cents a week to run. Sold on Small Weekly Payments

FIXTURES OF' BEAUTY in themselves and that add bcautv to their sur: roundiups arc to be seen here in attractive variety. There are fixtures for room, hall and vestibule, all unique and exclusive in design and all planned to be as convenient and efficient as they are handsome. We invite your inspection.

Don't throw your paper away without reading the want ad page.

NOTICE OK ADMINISTRATION.

' IN THE MATTER OK THE ESTATE Or

EMMA COSGROVE. DECEASED. 2105.

Notice is hereby r'ven that the undersijrned has been appointed Executor of said Estate, by the Judge of the Lake Superior Court. Said Estate is supposed to be solvent. W. G. PAXTON. Executor. Dated May 1, 1313. 5-10-17-24.

NOTICE OK ADMINISTRATION. IN" THE MATTER OK THE ESTATE OK DANIEL BERTZA. DECEASED. No. .'03 1. Notice is hereby Riven that the und -r-sisned has been appointed Administrator of said Estate, by the Judge of the Lake Superior Court. Saul Estate is supposed to be solvent. HR.ST STATE TRUST & SAVINGS BANK. Administrator. Daud April 10. 1019. 5-19-17-2 4. NOTICE OK ADMINISTRATION.

i IN THE MATTER OK THE ESTATE OK

PBTKU M. WARNKMONT. DECEASED. No. 20D7. Notice is hereby given that the undersigned ,as been appointed Administrator

of said Estate, by the Judge of the Lake!

Superior Court. Said Estate is supposed to be solvent MOSES ROTHSCHILD, Administrator Dated April 15. 191?. 3-10-17-24

Tri-City Electric Service Company ;I 140 Plummer Avenue. Hammond. BB

Bulletin Street. Phone 710

719 Chicago Avenue. " Phone E. C. 944.

East Chicago, n"

Are You Remaining Young? The writer heard a woman remark the other day that she was not croinq; to grow old in the sense that a great many of them do. She paid: "I am going to take rarp of my health, presprvo my pure pkin. get out and minglo with folks and try to ouliivaf a pleasant, happy disposition." Aro those not great ihings to trivo for? If every woman would take this view, how mu-h better off they would be. Good health, pure skin and a pleasant disposition wpre never found while bent over a waahtub week in and week out. Washing in a private home is the hardest kind of work, well you know it. You're all tired out after th day's washing, ihe nerve- up st. trmppr riled and many other little troubles that co to make i' a day of chilled atmosphere. The Hammond Laundry will help you to retain your youth and vigor if you 'will allow them to shoulder your wash harden-'. rh-ne 134 today for our family wash prices. OUR S IS A HOME SERVICE. Hammond Laundry Co, 163 MICHIGAN AVE.. HAMMOND, IND. PHONE 134.

Bank

Report of Condition of

First Nationa'

GARY, INDIANA At the Close of Business, May 12th, 1919

RESOURCES Jans $2,055,462.20 Overdrafts 37.1S lT. 8. Bonds and Certificates 1,550,496.98 Other Bonds and Investments 1,310,171.54 Bank Building 70,846.51 CASH .V.. 879,909.41

$5,872,923.82

' LIABILITIES Capital $ 200T000.00 Surplus '. 50,000.00 Undivided Profits and Special Reserve 125,902.82 Circulation 200,000.00 Due Federal Reserve Rank 40,000.00 Deposits 4,657,021.00

$5,872,923.82

F. RICHARD SCHAAF. President. FIR NEST C. SIMPSON'. Cashier. RAY R. HEMINGWAY. Asst. Cashier. BEN T. LEMSTER, Asst. Cashier.

DEPOSITS Mar 12. 1917 $2,698,125.77 1918 $3,483,206.43 May 12. 1919 $4,657,021.00

Under Supervision U. S. Government. Member Bank Federal Reserve Association.

Active Postal Savings Depository.

RESOURCES Loans f 907,110.80 Overdrafts 142.91 Stocks and Bonds 190.269.37 U S. Bonds, Circulation J 00.000.00 Real Estate and Fixtures 18,972.10 Cash Resources U. S. Bonds and Certificates of U. S. Treasury $350,162.00 Cash on Hand and Due I'nirn Banks . . 271.056.60 624,218.'6D

$1,840,71 1.0

LIABILITIES Capital Stock $ 100,000.00 Surplus and Undivided Profit? 52,747.88 Reserve for Interest and Taxes 4,496.57 Circulation 100,000.00 Bills Payable with Federal Reserve Bank. .. 185,000.00 deposits 1,398,469.63

$1,840,714.08

OFFICERS F. R. SCHAAF, President WM. D. WEIS, Vice-President ANTON TAPPER, Vice-President THEODORE MOOR, Cashier

The Citizens National Bank Hammond, Indiana STATEMENT OF CONDITION At the Close of Business, May 12th, 1919

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n B H B M H ' H -n m 1 C M - V. 38 BS