Ligonier Banner., Volume 54, Number 8A, Ligonier, Noble County, 27 April 1920 — Page 2

P é\f,:xllt::u . ~ ,_‘ bW | . 4= I Time to Make Things New |] ... Again—With Paints. . '|} v and Varpish WE ARE all ready@vi’tli the best sorts of " Paints and Brushes —Varnishes, Stains, , ' Floor Wax, and all kinds of Paint Removers - and Cleaners. , Then a whole special collection of Paints, - ’ Cleanors and Polishes for Automobiles. Come in and let us help you select the best ~ kinds for your requirements. _ - Weir & Cowley tne WINCHESTER store Al Taper . ' : in all the : - _ . - Latest Designs During the month of April your Wall Paper wants will be given special study. - ‘ Make selections early. Esti'mates made for you free of cost by the room or wheole house. Window Shades and Fixtures ! H.F. HUTCHISON ‘ GLENN E. TH RAPP i ’ | ~ Candidate for | fi“@*‘ : ~ PROSECUTING R ATTORNEY E l - Democratic Ticket ’g - Primaries May 4th # 204 Keller Bldg. Kendallville, Ind. - _

A P R ] = = A n ! | =1 SN b o i g(f Vs : . _/’}/:’/ "A # Al = = | . 5 - GEla : fi_ 75 ,{ o \ .ir»-az Rk /// 2 z S ) " - 1 e . o -d LY T 3 ::_L . SRS BRI~ vl e ol —_ . | \'T ;—‘"f Lo o I\.\\\\" ‘\*x 5 ot 'h“ —— ] 4 @ SNN R < N 1 e N \\ - ‘:‘\AN‘:‘ .\‘.\ B Fom Ui = SN N SN RN ';f : - 4 == 3“§\:§\\ ent Battery Troubles | | Before They Start ~ and that means regular inspection by competent men. We { shall be glad to inspect your battery free. We'll tell you its | . exact condition and then—it is up to you. - : ! There is no excuse for your neglecting your battery and running up big repair bills when we make you such an offer. To- | day is a good time to take advantage of it. koo Il We can supply repair parts for any storage battery and & i Gould Battery with Dreadnaught Plates to fit the battery box

Robinson Electric Service | AUTHe Lincoln Highway Garage

—THE LIGONIER BANNER, LIGONIER, INDIANA

~ Mr. Munton for Linceln Highway. } Mr. Munton, who desires to be rebelelcud senator for Noble county declares in his platform that he favors the Lincoln highway. What the people of the county and particularly that portion of it directly interested in the road want to know is whether Senator Munton is in favor of improving the Lincoln Highway first , “ The Lincoin Highway should have prior rights in Noble county bouuof it is the first to be designated by the old state commission. And further it is a transcontinental highway and re. coguized by the federal government as well as the laws of Indiana. o - If reelected will Mr. Munton pledge himself to use all his force in having the Lincoln Highway tmproved through Noble county before the Blazed Ttail is built? _ " Mr. Munton has the floor. . LSS ~ Jack Buckles Makes Killing. Jack Buckles is in the Shorthorn cattle business. He is in the Shorthorn cattle business because be likes the breed. He not only likes the breed, but he likes to make money and there in money in Shorthorn cattle. : Mr. Buckles has some of his stock in the great Huntertown sale which aggregated over $131,000. He sold a yearling. heifer for $1125 having paid §6OO for the mother. The calt was born on the Goshen fair grounds causing much comment at the time. Along with the prize heifer Mr. ‘Buckles sold ten head of Shorthorns at the sale for an average of $560 a head. Many people thought Mr. Buckles was paying too much for his stock, but he had faith in the breed and he has won. The recent sales ‘have indicated his judment.

' Puts Light Pole Out. Leon Schlotterback Saturday morning in turning the corner at thé Albert Weaver hardware ran- his car into the iron light post, breaking it off. The car was somewhat damaged, but not serfously. A young son who was riding with his father escaped with & slight abrastion on his cheek. » Mr. Schlotterback says ia making the turn off of Third street onto Cavin the coble stone caught the vheel of his car and sent it crashing into the post. The damage to the light post ‘was not great and it was repaired in a few hours. The car had to have a new light. L : | S 5 Mel Jackson Opens Shop. Mel Jackson has moved from Elkhart to Ligonier, occupying the residefce at 119 First street. He has rented one of the Kerr fram- buildings on South Cavin street and opened a. tire repair shop with auto accessories. He will place an air tank at the street curbing and serve free air for tire inflating. Mr. Jackson is a native of Ligonier, but has resided in Elkhart for a number of years. =« . Convention Lights, Indiana republicans hold their state convention in Indianapolis May 12 and 13.- Senator Watson will be the temporary chairman and deliver the keynote address. Senator New will be Jbermanent chairman. Gov. Goodrich and National Chairman Will Hays .are down for- speeches. The standpatters are in complete control. May Day May 1. : May 1, next Saturday, is desighated 4s Americanization Day. It is also May Day when the populace is supposed to dance around a pole and wear flower wreaths. If the weather does not show a radieal change the dance will -be around. icicles and we will wear frost in our whiskers., Police Dummy Schattered. ~ For the seventh time the silent traffic pqllceman whose post was at the interesection of First and Cavin streets has been put out. Some tourist hit the silent figure the ather day sending it spinning and the red glow of the glass helmet is seen no more. | ‘Loses Finger Tip. ~Albert Copeland lost the tip of one finger Friday while trying to start a ‘disabled automobile. Dr. Lane ren‘dered surgical attention. ’ While he has no opposition in the primary Senator Watson confesses his preliminary campaign expenses up to date have been about $1,500. _Gen. Leonard Wood will address the republicans of Goshen Saturday, May 1. This;is the most convenient place Ligonier admirers will have to hear the general. , Photographs Hieber’s Studle. T e Cd o S _‘3%3“ o-M J » ; - DEATH R ELEN -- I £ - - Aches, pains, nervousness, diffialty in urineting, often mean 2ricys disorddfs. The worlds ~ standerd remedy for kidney, liver, ~ viadder and uric acid troubles—- ;:” ‘l“5 i) & ?5& = ;:3;:‘ .. QU IO Boressced el U 5

e . Capital and Surplus $4,000,000 . ' - SIXTY YEARS OF INVESTMENT SERVICE : o OTIS BUILDING, CHICAGO - S ' _ leonler. Ind. . Fort Wayne v. Detroit = Minneapolis Safe Investments---7% For sixty years it has been an inflexlble rule@‘élth The Slraus Brothers Company " that every issue of securities accepted for underwriting must measure up to the “Straus Standard.” This standard for investment requires: LT o | ' l-—'—v-’l'lul n‘b;nlnns or prowny p’rupowd for under- . 2 -That It show strfoxtl: a-nd_b'wnuam ee c-ntltlim: it | writink show an established record of earnings, capabhe to rank om even lerms with taclr -~ ofierlngs durlng : : - -management, guick assets, and no funded debt ; ap«l a peried of over a hali a century. : : In 'complete accm'da_nce with this Zpolicy, The Straus Brothers C ompany offers at 97 and . - accrued dividend an unusually attractive investmentin SHERER-GILLETT COMPANY | ~ '[An lllinois Corporation] . 7 7, CUMULATIVE PREFERRED STOCK - To Net the lnvestor 7.22: .

BUSINESS—The Sherer-Gillett = Company manufactures . - and distributes grocers’ display counters, an essential product fully protected by Government patents and to be found in . better-class grocery stores in auil parts of the United Statc: and Canda. Special features enbodied in thesé sanitary foud containers place the Company practically alone in its field with gross sales for 1919 of over $1,7560,000.00. Based on the first quarter of 1920, sales for the present year are conservatively estimated-at $2,260,000. The Company's headquarters - are at Chicago. 1t maintains and operates four factories: . Chicago, Iil.; Marshall, Mich., Herkimer, N. Y., and Guelph. .. Ontario. v ; - : PURPOSE OF ISSUE—The proceeds of this issue will he used as additional working capital to keep pace with the jucreasing demands of the business. o EARNINGS—The average annual profits for the past five vears have been $167,000, and the average annual net earning AF- : TER DEDUCTING TAXES have been $115,000. The amount annually required for dividends is-$35,000. : - ASSETS—Net quick assets are $201.00 per share and net tangile assests $250.00 per share of the authorized preferred stock. The company obligates itself to maintain net quick assets equal to 150%and net assets equal to 200% of the preferred stock outstanding from time to time. - ! ' EXEMPTIONS —Preferred stock of this issue Is exempt from m’mw property takes In Illinois, and dividends are free m present normal Federal Income Tax. Gl - DlVlDENDS—Dividends are cumulative at the rate of 7% per annuual payable quarterly on January 1, April 1, July 1 and October 1. s - REDEMPTION—The Company must redeem at $lO7 and accrued dividends, $25,000.00 par value of preferred stock in each of the calendar years 1922 to 1926 inclusive; $30,000.00 par value in in each of the years 1927 to 1935 Inclusive; and $3500.00 par value in each of the calendar years 1936 to 1938 inclusive. SINKING FUND—The Company agrees to set aside at once out of its present surplus $35,00.00 and during each of the -years 1921 and 1922 the additional yearly sum of $25,000, as a special fund to be used solely for &he‘purbose'of regeeming preferred stock or paying dividends thereon. ) ' REfiTRICTIOXS—The Company has no mortgage or other fundi ed indebtedness and none may be created on existing property without consent of 75% of the preferred stock outstanding. _ MANAGEMENT—The men who have built up the business rom

This issue has been purchased %y us with our own funds and is ofo - fered'subject to prior sale at . - 97 and Accrued Dividend to yield 7.22; plus the 10¢ premium on redemption’ | : »' - Call of write for circular glving further information - L | : Ligonier, Indiana . ‘ The statements contained herein, while not guaranteed by us, are based upon information and advise which we believe to be reliable and accurate, upon which we have acted in the purchase of this issue.

Mrs. Frany Cain has been suffering from tonsilitis and has been confined to her home and quite il.l : S ————————— ‘Shobe & Shobe sold to Jesse Gage a fine match team of Norman mares. The team tipped the beam at 3,500. Rudolph Holm is home from Akron, Ohio, where he is employed for a visit| with ¥ parents, Mr. and rMs. James} Holm. - it : i e ~ Raymond M" r and Harry Cornelius startc irom Detroit factory Monday of la . week with.a Ford car and a truck with a tractor loaded on the latter. Tt took them three days to reach howe on account of the bad| ndin o M e abow ol

| I Accuartly and Scientifically ~ Fitted. Broken lenses Mrs. L. P. Wineburg ~ Dr.C. D.Lane | Zimmerman Block, Ligonier 9:oote 12 uo%ao:’m

its beginning will continue to devote their eil_t__lrerume to its - interests. The officers are Samuel J. Sherer, President; Wm G. Sherer, Vice- President; Edwatd Cohn, _Secretars and Treasurer. : . T B - BALANCE SHEET AS OF JANUARY 1, 1920 = ~ (Adjusted to show the Effeet of the New Financing) __ . - -AN : . Cash o i M Accounts Recelvable. ...l 839.884.34- . ~ Notes Receivable .. ..o .o AN . liventories .ol T el Total Quick Assets ... . . $1,488.000.54 Prepaid BEDORIS oo viin i 2076634, Investments sitvestrrbetrsets it ee i i sl - 18, 547,69 Machinery and Baunipment ... .. oo 177,604.62 Real Estate N\ v 7,700.060 Patents, Trade-Marks, etc. SSebpirs esl iinisinke 0 - 1.00 . L ‘ 7. $1,708,120.09 . Bkt ‘Accounts Payable’ Uitk v 1933627 = Notes Pa’yab1e.....,......‘......;.,.,....:..'...........0...... 173,200.00 Accrued Expenises .................... 328601 : _ Daterred Crogils oo 12,927.50 - Total Current Liabilitles ...,..... ... ... $340,787.84 SPECIAL RESERVE e m s Depreciation: ..o S 150850 : ; Doubtful Accounts ... .. .. 1387063 , - . - . Total Special Reserves sestrcse e siin s sisecnssssersscs §@ly S 081 5O Long Term ,lpans-Stockholders_ and Employees e 58,749.50 - KT weNN . Preferred ' StOCK ..o iivomumssisinoirie.ssoo,ooo,:oo ; Common SLOCK ..ot niiidins 396,500.00 _ Surplus e 404,268,927 : _ : A e o 1,289,368.92 o LT e B SRk

| : : -~ E.R. Rurtz | ~ Awuctioneer Dates can be made at Weaver's Hardware Store Ligonier; Phon. 134, or call my residence, phone NBGS. . . e ‘Harry Schlotterback ~_atMier State Bank ¢

' EARL WOLF Auctioneer Will Answer Calls Anywhere _ Phone 16000 Q Ligonier =~ Indiana —— e g onmv. INKS AND SON b e | — Ll