Ligonier Banner., Volume 58, Number 1A, Ligonier, Noble County, 25 February 1924 — Page 3

RNING A WARNING {0 . CAR OWNERS -Don’t let your battery run -down during the winter, even if you are not using your car—it will freeze if eijschai’ged. o o ©Cur Winter storage éervice removes this danger and takes al responsibility off your shoulders at a very small cost. ' ¢ - : . ~ ° B&G Battery Service e — _ Yriilara |

There are all kinds - of cheap butnoneofitisrealIy cheap—at least not on a basis of value, Cheap stufi is usuaily worth almoss what it cosis. Our printing isn’t the cheapest you can get, but it’s as gdood as the best.

IF YOU WANT Real Seavice ~ with pertect satisfaction ~equip your car with BN ; : . c ~ Federal Tires - We have a large stock at real prices. Also other tires to cheose from When in need of tires, tubes, batteries or accessories: see us first ahd save some money i Have vou tried our gas? ‘Once tried alway used ' Shell Gas. ' KIESTER ELECTRIC ‘stop - Lincoln Wav West

- “ _ 3 RIES s L < N Sy ™e TR s R e LN i S ey e g ety AE i o (S R i E£s RIS m;%i' o 8 VTR B TR B, U S e B%W st Y ! ¥ ?.‘l N N i 58 B, @l Tl EA ' i BEe aied B \ IR ¥ harie N O ;:7.5;4“ "ia Rl i 5> - B Without Jars § . Thne new Gummite case, § ’- =n exclusive feature with i Exide Batteries, is - [ moulded all in one piece, . B : including compartments for the cells. Thus, indi- : ~ .vidual jars arc done §# ~ away with, - GQummite is practically indestructible, will ' j not warp, and is not af- - & v fected by temperature, 3 - acid, or water. Let us £ show you this ideal bate 4 tery case. - B BLAZED TRAIL : . GARAGE

7 4] cueesesnsee; (ﬁ@@*\m f Printing PR "<mA WEET VR TLACERS : kind of printiag thet | m dividends is the l“My;m uhrie:ld bave, Pilo, poorty arranged ' printed matter ls worze than ' | mone. The quality of your | v e | J § : @f your stal | ! wix:lor priating gives ean '§' impression of cheapness that | em e B o % } mlemaendondqmﬁu. N ‘ﬁWoproduoeoulyOua‘w’ ; 2 i Printing. Whether you want . an inexpensive hendbill or e i~ letterhead in oolors, if you | & m:mm us you will be o 9 hvﬂtoa,tm{‘l‘zgood print- # ~printing thst impresses > 3 - ueers, That is the oaly : # kind of printing that - P ays el

‘How Much Does Ii Cost to Borrow? L W . ¢ It all depe’nds on how and where you borrow, as shown in this table of approximate rates compiled for the Journal of the American Bankers As- | gociation: : o ' o ! Institution Method of Borrowing Rate 3 " : : }‘ | . { - BROKER'S CALL LOAN : i ..'. ; . ° || COMMERCIAL PAPER | THROUGH BROKER —~ 3 MonTHs |5% ] . : ' . E . | SAVINGS BANKS AND ODIRECT MORTGAGE ® - i : INSURANCE COMPANIES : 1 : MORTGAGE EXTENSION » ] - t ' | | ! - : : : : AGRICULTURAL BANKS | FEDERAL' FARM LOAN BANKS - | | ; ] : : ||: _ - i . % 8 %.: ' . MuNiciPaL BonDS (1T GRADE) | | e ' , - ‘ : INDUSTRIAL BOoNDS " 7 1 - | BanRGAD Bowos M ¢ n i FINANCE COMPANY ADVANCE AGAINST RECEIVABLES | % ] | AT 357 PER DAY : | | : ADVANCE AGAINST AUTOMOBILE , PAPER AT |37, PER MONTH i -PERSONAL LOAN - GOOD SECURITY oOR ENDORSENENT'| i SOCIETY e . : ] ’ uns_’eturieo OR CHATTEL MORTGAG ’ | i . HOUSEHOLD GooDs, 34 7, MoNTHLY MERCANTILE- CREDIT | TERMS 27 (0 DAYS, NET 30 DAYS ﬂ ; _ v §oo ®» "g 0 m i , “ 5 (0 ' ™ 4MONTHS m

The above figures show that for the class of notes acceptable at a commercial bank, the rates charged are about 5% per cent, whereas for loans at a store they run as high as 36 per cent, and for chattel mortgages, t 2 per cent. The rates given here represent the direct cost charged by ‘he institufions named; in each case ihie total cost to the borrower is made slightly higher by indirect costs, such 18 stamp taxes, legal, brokerage eor

- WHY BANKS? , | LESSON V 8 By J. H. PUELICHER, Chairman, Committee on Public Education, American Bankers Association. Why does not the banker pay savers as high intergst on their money as he charges borrowers when he loans them that same

money? Text books say he must charge more than he pays so as to meet overhead expenses, his unavoidable losses, and dividends. : v OVERHEAD EXPENSES = cost and maintenance of the bank building, with costly equipment, such as steel vaults, so the depositors’ money will be safe; light, heat, supplies, fire and theft insurance; taxes; and salaries to men and women eémployees of honesty and ability. UNAVOIDABLE LOSSES = occasional unrepaid - loans made to those who have the misfortune to fail in business. Although bankers exercise ~ great caution and are experts in judging busi-

v NN > T | S e edE et o 8 B A B e B R R Qso veme et 4 s P TN S g Sund X RN BRI RR RO R R J. H. Puelicher

ness conditions and character, they sometimes have such losses. . These must be met out of the gross profits from interest charged borrowers above that paid depositors—as fire insurance compa- ~ nies meet lossgs out of reserve funds created by careful investment of prexsnsfnms. . : : T DIVIDENDS = money divided among stockholders out of clear profits left over after overhead, losses and all other interests of ‘the depositors have been fully taken care of. - Thus bankers pay depositors less interest on their .savings than they charge the borrowers of those savings so that they can earn ~ funds to meet the expenses of rendering efficient, careful and - valuable services to the depositors. -

STRAIGHT TALKS - WIH AUNT EMMY ABOUT Tﬂms_s MONEY o Aunt Bmmy found Molly crying s

~ “What’s the matter, Molly dear?” she asked, patting the bride’s shoulder.

“Oh, Aunt Emmy, it's that horrid money. The household money is gone again, and I don’t know where it went. I can’t tell Ted, and yet I can’t finish out the week. And I was going to gave some every week, too!” she wailed. :

“So that’s it! It certainly does beat all how silly people are about money. Now stop crying, Molly, and tell me bhow much you are short this week.” “Ten doilars,” sobbed Molly. “Dry your eyes and coms out with me,” comforted Aunt Emmy. “Hverything will be all right. The bank is soliciting small accounts. I noticed they have thrift aceounts, too——" “l don’t care,” sobbed Molly. *“I nan’t. have a bank account. No ney.” : : VYou are going to open both a ~ chold checking account and a t account. A thrift account can

Pay your subscription to the Ligonier Banner. Office open Saturday evenings. ' o " Wanted—To hire married man by the year to work on farm. Enquire R E. Kenney. 3 sOb3t*

other fees. Thus the total cost to the borrower, who discounts his own note at a bank for 5% per cent, is 5.74 per cent due to deduction of interest in advance, stamp tax and computation on a 360 day basis. .In the case of mercantile credit the total cost sometimes goes over 38 per cent and for chattel mortgages over 45 per cent. The above figures, however, give the comparative charges as made by the loaning institutions .themselves.

be opened with one dollar, and you must put aside a certain sum every week. You should save two dollars each. week. Money that you once get your hands on is mighty hard to save, so when we go to the bank we will ask them to take two dollars out of your weekly household money deposit and put it in your thrift account. The thrift account will pay interest.” “But how can I keep my bankbook straight?” sighed Molly. - ' “You can add and subtract, can’t you?”’ snapped Aunt Emmy. “You went to school, you know, and the bank will be glad te show you at first. Come on, Molly, let’s be going.” At the bank Avnt Emmy gave Molly a check.to start her account. ‘“You can give this back to me at the end of the year, Molly. You can save it easily., Never buy by telephone. See everything for yourself. Keep accurate accounts, pay your bills promptly and don’t carry money around with you.n e : | When they came out of the bank ‘Molly was the proud possessor of two pass books and a check book. “I’'ve always been afraid of banks,” said Molly, “but I didn’t know people in them could be so friendly. And besides getting things down in black and white this way will make it & lot easier to keep them straight. I just know it will!” ; ! ~ Aunt Emmy smiled knowingly.— ANNE B. AYMES. :

Don’t forget to pay your subscription to the Ligonier Banner. Office open Saturday evenings. . Pay your subscription to the Ligonier Banner. Office open Saturday evenings,

- Bomb Apartment House. Thursday's Banner carried brief no-

tice of the bombing of building in South Berd Wednesday night. It proved to be the Spyridon G. Stratigos .apartment building and the rear portion was blown out. No one was injured. Stratigos said by the police to be the “king’ of the South Bend Greck celony refuses to talk. .He is proprietor of the Washington restaur ant. L - v

Arrests are expected soon. The po lic® are expected to question two }nen against whom Stratigos re¢cently foreclosed a mortgage as soon as they can be located and will also call to the station, a number of national who are reported as haviag conductec gambling rooms until forced to cease operations by Stratigos. The apart ment was oecupiedv,by two families. Stratigos his ife and two children and a brother-in-law . Joseph Miller living in the first floor flat and Mrs. Fred Higgins using the second floor.

To Pay the Piper.

Howard Fifer Atwood formerly of Wargaw was arrested by Sheriff Milo Maloy on a charge of transporting liquor. He was taken into custody aiter his automobile had figured in an accident near Nappanee. In the ma chine the sheriff found a guart bottle filled with moonshine liquor and several other bottles which had contained booze but which were shattered when. the machine went into a ditch. Fifer also is charged with driving an automobile while intoxicated and with public intoxication. 0

Road Man Indicted.

The Marshall county grand jury has returned an indictment charging C D. Gray chief engineer for the state highway commissiod with making ta false report because 'of a statement Gray made last Nevember certifying to. acceptance of the Behmer road in Marshal county. - State board of accounts’ examiners made an examaination and declared the road of faulty construction.

Washington’s Birthday.

The 192 d anniversary of the birth of ‘George Washington first president of the United States was. celebrated in the public schqols with appropriate ceremony in' this city Friday. The banks were closed and the postooffice was operated on holiday hours.

Was Tine Affair,

- The get-together meeting for members of the Ligonier Aerie of Eagles and their families Thursday evening was a fine affair. Refreshment: was one of the enjoyable features. Another similar meeting will be held in two weeks." i

Schortemeier a Candidate

In a letter to J. W. Pierce Clinton editor Fred Schortemeier secretary of the republican state committee has announced his candidacy for the republican nomination for secretary. of state. : : e

Dies at Emma.

Elmer P. Hostetler 46 died very suddenly Thursday evening at his home at Emma LaGrange county. He is survived by his wife four children mother and four brothers.

Home is Destroyed.

Fire destroyed the home of the Wil liam Boyd family near LaGramge the other day rendering homeless parents and a number of small children, There was no insurance. b

To Have New Temple.

The Masonic Temple Association of Goshen has purchased the George Hay home in that city as a locationl for a ' mnew building. The structure will cost about $75,000.

Back to Old Noble.

.Cyrus Holden who had been residing near Butler for a couple of years has rented the Cochran farm on rural route No. 1 out of Ligonier and moved his family upon it. i

Frank Shade a tormer Kendallville resident and an old circus man is dying of senelity at his home near New Haven. - : '

The Modern Home

Indiana & Michigan Electric Company

Beautiful woodwork, exquisite decorations and numerous other details which go towards making the house a real home lose their respective value if the ene predominating factor, ELECTRICITY, that gives rea_rconvenience is omitted The architect and contractor can work out the details of beauty but the Electric Contractor puts the real enjoymentand convenience into your heme with Electricity. ! ~ o | e

To do without this important factor is to deprive your home of the fullest senjoyment and pleasure. The house that is wired for complete Electtic Service is the home of complete comfort. Every home desires this comfort and every home canhaveit. - o 8 |

If your house is not wired now, make a real home out of it by wiring at once.

- Now is the timeto SAVE MONEY

~ Special Mid-winter Prices which are much cheaper now than they will be when the Spring | | - mmhstats o o : Come in and look them over

1920 FORD COUPE 1921 FORD TOURING (st. & dem.) 1923 FORD ROADSTER (st. & dem) , DODGE TOURING - . -3 1923 FORD TRUCK ' 1919 FORD ROADSTER (starter) . OVERLAND TOURING " 1918 FORD SEDAN .- 1922 FORD ROADSTER e _ FORD SPEEDSTER , = = NASH TOURING - b i 1922 FORD BEDAN = ..o 1916 FORD TOURING = 1919 FORD ROADSTER g 1921 FORD COUPE » 1922 FORD TOURING (st. & dem.) 1920 FORD TRUCK L 1922 FORD COUPE ' - 1920 FORD TOURING (st. & dem.)

New Fords Trucks . = Fordson Tractors The easy payment Q]an applies to used cars as well as new : Igomer Nlversal vales Lompany, inc. | - ~ Authorized Ford and Fordson Dealers - ' Phone 145 o - - _ LIGONIER

Methodists to Meet.

The Northern Indiana Methodist Episcopal conference will meet from April 1 to 7 in the $250,000 First M. E. church at Marion. One of the features ‘will be the noon tide services in charge of the conference. In ad» dition to the regular program the Laymen’s Association will meet on Thursday. The lay day election to name delegates to the general conference will be held Friday afternoon and the boys’ conference will be held Friday afternoon and Saturday morning. ; . » :

Mrs. Denny IllL

Mrs. Melissa Denny has been dangerously ill suffering from a severe attack of acute indigestion. Dr. Shobe was the attending physician. '

Another Family to Move.

After his public sale February 6th Harry C. Ryan will move with his family to ‘South Bend where he has been employed in the ' Studebaker works for over a year.

Jacob Marti nearly 79 years of age and for over forty years a prominent farmer of Wayne township, passed away Thursday morning of heart disease. ¥ .

LaGrange Man Diesqy

_Frank Harries age 62 died at hig home near Brushy Prairie Wednesday following a week’s illnes with pneumonia. He had been a life long resident of LaGrange county. Besides the widow eight sons and a daughter survive. -

Small Roof Blaze.

About nine o’clock Friday morning an alarm from zone Twelve summoned the fire department to the residence of Chester Minnis on the North Side to extinguish a roof blaze which caused little damage owing tc prompt work of the fire laddies. The building is the property of Mrs. C. R. Graves and the damage is eovered by insurance. ' e

W. R. JACKSON Trustee Perry Townshsp Office Mier State Bank’, Ligonier

Howard White - WAWAKA, INDIANA AUCTIONEER | -~ Phone 2 on 1 Wawaka

. . BEOTOMERG | 1923 FORD TOURING st. & dem.) | CHEVROLET SEDAN 1923 FORD COUPE = - 1921 FORD TOURING, with winter top. 1916 FORD, with delivery body. © FORD TRUCK with cab and body. 1922 FORD TOURING, less st. & dem.). with winter top. USED FORDSON TRACTOR = TWO USED TRACTOR PLOWS STOVER FEED GRINDER, new, special reduction. A , EMSCO TRACTOR DRILL, dic like new DIS (horse drawn) like new © Used International TRACTOR = .. TRALER = = o ROADSTER ‘BODY - :iu.o%,iw. COWS AND HORSES

Dr. Maurice Blue

. VITEMMM Offie"e:".lnm Farm. [Phone: Ligonier 787

Harry L. Benner wA ﬁt ‘;s l,nu R e

E. R. Kurtz Awuctioneer Cnene No. 65, Ligenier.

: W. H. WIGTON Office in Zimmerman Block " LIGUNIER. IND