Ligonier Banner., Volume 68, Number 27, Ligonier, Noble County, 2 August 1934 — Page 1
THE HOME PAPER
$£L..5O PER YEAR
THURSDAY 10 BE LIGONIER'S BIG DAY
PET PARADE WILL OPEN THE DAY’S PROGRAM AT TEN O’CLOCK.
The Afternon and Evening Will 4 Devoted to Sports and Enter. tainment of High Order.
Thursday, August 9th, the big annual event for the kids of Ligonier and surrounding community, the one big day of the year that the streets of the city are turned over to the “Little Fellows” and for ineir amusement a wonderful proz.am 29as ibeen arranged by the commiitee culsisting of O. R. Bangs and Mourlin Knight as chairmen; Don Cotherman. secretary; Herbert Cockley, ireasurei and Roy Jorg, Dr. Arnold E!son, C R. Stansbury, Arthur Ferzuson, G. T. Whittaker and Ben Glaser. : The activities will sta.t with the pet parade at 10:00 p'ciock iu the forenoon, which will be led by the queen of the day auil her escorts in an especially erzz:cl float. The contest of the eleetion of queen will close at ten o’clock Wednesday nighi, Auguest Bth. The vQalgsters have been husy getting their pets in trim for this feature, and it i. expecied ihe parade will eclip:: any held in this city in former vears, many bhus.ness houses are arranging floats for the parade. - , The contest for the most popular baby is creating much interest and the indications are the voting will be heavy as the day draws near. The votes for this contest must be in the ballot box by ten o’clock Wednesday night, August Bth. All contestants must be under two years of age. The afternoon program strats at 1:30 with a concert by the Ligoniex High 'school band and this popular musical organization-is always favorably received. Candy kisses will be thrown from the tops of the buildings during the afternon and the scramble for them always creates much amusement. There will be a large number of participants in the balloon race. The youngsters have been at the river and lakes to secure the speediest turtl}es for this race and it is said many “speedy” turiles have been, captured and®now in training and rereceiving their education for this race The original stunts are always a great drawing card and this year is expected to surpass any that have been’ staged in Ligonier. The number of contestants will be large.
But the event creating the most enthusiasm among the boys is the Soap Box Derby. Large numbers of the youngsters are making vehicleg for this feature, and it is sai dthat a great many of the vehicles have altained a great amount of speed. All entries in the Soap Box Derby must appear with their vehicles in the parade. The water fight to be staged by the ‘fire department is a feature being put on here for the first time and should be exciting as well as entertaining, and the new pumper will be seen at its best in this event. The evening entertainment will open with a concert by the .Ligonier High School band and at 7:45 the awards will be made in the queen and most popular baby contest. . The Lucky Boys, stars of the radio, circus and stage will *put on an entertainment on an elevated platform. The Luckeys have appeared in Ligonier on previous programs and have always been well received. Clyde Whitson will again act as “Dr. Cheer” throughout the day. The following is the program and prizes as arranged by the committee: Pet parade at 10:00 o’clock. | ~ Advertising Float $5; $3; $2. } Miniature Floaf $2.50; $1.50, 50c Decorated Bicycle $1; 50c; 25c. Decorated Tricycle $1; 50c; 15c. Decorated Doll Carriage $1; 50c; 26c. Largest Pet 75c - Smallest Pet 75c 4 Ugliest Pet 75c Best Makeup Boy $1; Girl $1 ‘Scarecrow $l. : . Lincoln Chevrolet will give a $3.50 clock mirror to the best looking soap box “car. : 1:30 P. M.—Band concert : . 1:45 P. M—XKisses Thrown off build ings. : 2 2:00 P. M.—Balloon race 2::16 P. M—Turtle Race 2:30 P M.—Rope Jumping race for girly: : B . 2:46 P. M.—so yard race for boys. 3:00 P. M—Original Stunts, cash awards. : : 3:30 P. M—Soap Box Derby. 4:16 P. M—Water Fight by Fire : 71§?3~9¢M00mt ey 7:4 %3#4“”&“% Awards - Following 15 a complete list of the judges for the various characters in _ the “Kid’s Day” parade and it is the ymw Zféwafi%m
THE LIGONIER BANNER
SOAP BOX DERBY.
A ‘Try Out to Place the Participants’ in Classes Will Be Held Wednesday on N. Cavin Street.
Up to Wednesday night, August 1, ten entries had lbeen registered at the Chevrolet garage for the Soap Box Derby to be held Kid’s Day, August 9th. The event will take place’ at the hill on North Cavin street, starting at the U. B. church. The judges of that affair will be G. T. Whittaker, Ben Glaser and Roy Olinghouse. : : Mr. Whittaker, who is in charge of the race states that there will be a try-out Wednesday evening, August 8 at 6:30 o’elock, to place the various vehicles in their proper class. All those desiring to enter the derby are requested to register at the Chevrolet garage at once. The number that appears before each entrant’s name will be the number to appear on his car. Those who have registered up to this time are: 1. Robert Renner. 2. Everett Calbeck. 3. Richard Renner. 4. Kenneth Franks. 5. Darold Olinghouse. 6. Roger Firestone. 7. Robert Blake. - . 8. Marion Calbeck. "9, Bob Dewey. 10. Charles Todd. ~ i e . F TO NAME TAX BOARD SOON
Judge Rob MecNagny To Appoint Members of Tax Adjustment Board For 1984
As yet Judge Rob McNagny - has not appointed members of the tax adjustment board, according to Auditor J. O. Simpson. The tax adjustment jpoard will convene Monday, September 17, to study 1934 budgets of the various taxing units of the county. The board has the power to reduce corporation levies to $1.50 and township levies to $l, including levies, the board has the power to order correspopnding reductions in the budget. ' Under the law, Auditor Simpson will serve as clerk of the board, but will have no voice in matters. The tax board has no authority to reduce specific tax levies made by the local officers for the purpose of providing funds for the payment of obligations of the several municipal corporations incurrgd prior to August 8, 1932. The decision of the county adjustment board can be appealed to the stale tax 'board within ten days after the board adjourns by filing a petition setting forth objections to such order and tax levy,
Death of Aged Lady.
Mrs. Anna-: Oldfather, widow of Samuel W. Oldfather died Monday afternoon about two o’clock at the home of her duaghter-in-lsw, Mrs, Odell Oldfather. Mrs. Odifather was taken ill Wednesday and death was caused by infirmities of age. She had lived in Warsaw many years, she came to Ligonier to reside with her only child, a son a short time before his death, after which she continued to live with her daughter-in-law. The body was prepared for burial at the Brown Funeral Home and returned to the home Tuesday. Surviving are Mrs. Odell Oldfather and three grandchildren, Mrs. Step‘hen Miles, Fort Wayne; Miss Florence .Oldfather and Samuel Oldfather of this city. Prayer services were held at the Oldfather home here Wednesday and the funeral service. was held at War saw where burial took place. ‘
Ninth Annual Reunion.
The ninth annual reunion of the Earhart-Hitler-Lane families will be held at the home of H. P. Tucker two and one-half miles south of Ligonier, Earnhart-Hitler-Lane families will be mell is secretary.
Crothers, Mrs. Russell Smith and Mrs. G. H. Bacheler. el Largest Pet—Mrs. Carl Nowels, Mrs T. J. Spuregeon and Mrs. J .L. Henry. Ugliest Pet—Mrs. Kermit Simmons, Mrs. Roy Banta and Mrs. R. D. Shobe. Best Tricycle—Mrs. .George Green, Mrs. Farrell Ott, Maryhelen Mentzer. Best Decorated Bicycle — Mrs. Ralph Sloan, Mrs. T. N. Siersdorfer, Mrs. R. D. Sinclair. ' ; ‘Best Miniature Float—Mrs, Marlin Knight, Mrs. Jesse Levine, Mrs. Don Cotherman. Best ‘Doll Carriage—Mrs. A. N. Cllaudon, Mrs. Hima Stewart, Mrs. Ray Loy. ; ~ Best Make-up, Boy—Mrs. W. H. Loy, ‘Mrs. Maurice Blue, Mrs. Roy Kellam. Best Make-up, Girl—Mrs. O. R. Bangs, Martha Hutchison, Mrs. Leland Calbeck. - : Best Scarecrow—Mrs. Audley Green Mrs. Ray Wolf, Mrs. Charles Green. Judge of Soap Box Derby—G. T. Whittaker, Ben Glaser, Roy Olinghouse. 2 : Chief of Police Thomas Cass says their will be plenty ot police protection furnished for the protection of the little ones. = = i Permission wase received by Secretary Don Cotherman Wednesday from the state police department for the closing of Cavin street and the state { police will take care of the traffic on SEAS AT T RS AN iTR e S R Sy R
LIGONIER. NOBLE COUNTY, INDIANA. THURSDAY, AUGUST 2, 1934
KID’S DAY CONTRIBUTORS
The Following Business and . Profes» sfonal Men ASsisted To Make Day Possible
. What is considered one of the big days of the year in the life of many children is Kid’s Day and it is made possible by the following: : 0. R. Bangs, Knights Drug Store, F. W. Steller, Dr. F. N. Stratton, C. A. Andrews, Dr. A. M. Timmis, W. H. Bender, L. E. Sisterhen, Wm. Sack, Dill & Gordon, Mary Van Aman, John Henry, Everett” Smith, W. B. Inks, Helen Hillegas, Walter Robinson, L. K. Thompson, Christ Pappas, Blazed ‘rrail Garage, C. 'R. Stansbury, Roy Kellam, Sol Kahn, Dr. Q. F. Stultz, Willsey Harness Shop, Rollin Baker, C. S. Griffith, Denning & Cockey, Todd’'s Cafe, Garl Drug Store, Jet White Grocery, Guy Calbeck, H. E. Inks, Louis Levy, Securlty Loan Co., Dr. Elson, Thomas Store, A. B. Weaver, Wirk Garment Co., Bothwell & vanderford, Earl Creps, Maurice Hess Swan’s Restaurant, Cash Couts, C. & A. Green, Herman Sdck, John Kunkal man, Ben Glaser, Farmers Elevator, Co., J. B. Schutt, Dr. C. G. Keehn, Miller & Hutchison, American State Bank, L. L. Koon, Marion Galloway, Oscar Barch, A. D. Newton, J. C. Kimmell, Banner Publishing Co., George W. !Brown, G. T. Whitaker, Jesse Dewey, W. S. Milner, Artificial Ice Co., Lyon & Greenleaf, Wilkinson. Quilt Co., North Side Store, Fred Kiester, Tyler= oil Co., Ben Conrad C. V. Joseph. L
FAILS TO MAKE ESCAPE.
Jail Delivery at LaGrange is FruSttrated by Sherififf ‘George Henderson.
A desperate effort of James Manuel 22 and colored, held as the alleged murderer of Anthony Russo, circus employe to escape from the LaGrange county jail was frustarted by Sheriff. George Henderson. Manuel had torn away a large part of the wood casement around the jail window ‘in his cell on the second floor, when he was discovered. He was removed to the lower floor, shackled with chains and placed in solitary confinement. Two other colored men are also held in jail as accessories in the murder. A fourth suspect, Stewart Barnett, colored of New York City who was arrested at Fort Wayne and returned there for questioning, was ordered released and left Wednesday to rejoin the circus at South Bend. Police questioned Barnett for a long time ard are satisfied that he had no part in the murder other than being near the scene when the shooting occurred. fe B
The following persons were awarded sugar Wednesday evening: Flossie Mohler 25 pounds; and ten pound bags were received Dby Raymond Davidson, Irene Nelson, Delmar Long and Betty Long. Five pound fbags went to Jake Musser, Mrs. William Green, 2, Roy Price, Mrs. O. M. Rager, Mrs. Chas. Moser, Wallace Bobeck, Mrs. Walter Wolf; Frank McDaniel, Ethel Moore, Vera Smith, Homer Camphbell, Leon Schlotterback, L. E. Sisterhen 3, William Roe, Thurlo Gangwer, Morrice Miller, and Mrs. Roy Stroman. The event next Wednesday will be held .at the alley between the Gutelius store aund Weir building.
The Ligonier Chamber of Commerce met Friday noon at Hotel Ligonier, President LeVine presiding. Little business of importance was transacted. A representative of the State Retail Merchants Association was present and made an address. This orjgan_izatjon will make an effort to have the next state legislature repeal the gross income tax law, ;
Death of George Geyer
For the last 82 years a resident of this part of the state George Adam Geyer aged 88 of South Bend died of complications following a throat infection Saturday morning at his home. He had been ill four days. He resided on a farm near Millergburg until 1918 when he moved to South Bend. Surviving are the window and four children.
The Green castle grange will meet at Flickingers Beach Friday evening for a picnic supper. You are asked to bring sandwiches, one other dish and table service. On August 7 the Elkhart Cefinty Grange will hold & picnic at Island Park, Elkhart, and at that time L. J. Taber, national master will be the speaker.
In the rotograph section of the Sunday edifiom of the Fort Wayne paper a picture of a group of ladies as the champion pool waders was shown. ‘Among the group of four was Mrs. Robert O’Brien formerly Opal Weeks i"ot this city. s Auxiliary Monday Night There will be a regular meeting of the Ladies Auxiliary of the American Legion Monday night August 6. Election of officers will be held. All mem ‘bers are urged to be present.
Sugar Winners.
Chamber of Commerce.
Grange Meetings.
Picture In Paper
[HAEEBARGAINDAYS FOR NEXT WEEK
STARTING KIDS’ DAY MEqunANTs OF LIGONIER WILL OFFER
STARTLING PRICES
Merchandise is AdvanCing Every Day on the Markets—You Can Save ~ On All Purchases Now
The merchants on Cavin street in Ligonier will on Thursday of next week inaugurate a three day co-opera tive bargain sale, nearly all the ;tbusiness houses of the city are of’re‘ring gpecials for the three days. ‘The Ligonier Leader and the Ligo nier Banner are co-opearting with yt.he merchants and this issue of the ‘papers go into nearly 5,000 homesg in the surrounding territory. Read every advertisement in this issue as each bring a special message of savings to the purchaser. Prices are advancing on all lines of goods and no matter what you buy now you will save. Much of. the merchandise offered in this great cooperative sale cannot be replaced on the shelves at the prices quoted in the advertisements The goods offered are all first class merchandise and of the high grade goods Ligonier business men have the reputation of handling. - :
" The merchants who advertisements appear in this issue invite you to come every day of the three big days and make their stores your headquarters. [Read the anncuncements of the following merchants, Weaver’s Hardware Store. : Guy Calbeck’s Hardware Store. '~ Kimmell Realty: Co. - Russell Smith. ~ Abshire oQil Company. : ~ Stanley Surfus, " W. R. Thomas 5c to $5.00 Store. Kiester Electric Shop. Knight’s Drug Store. ‘American State Bank. 4 \Guetelius 5¢ to $5.00 Store. : Economy Grocery and Market. ~ Steller Grocery and Market. Jet White Grocery. ' Kahn Department Store. Ligonier Shippers Assn. Garl Drug Store. . Ligonier Clothing Store. Newton Shoe Store. Crystal Theatre. Brown Funeral Home. N Security Loan Assn.
NEW EXPERIENCE
Able To Furnish Berries This Year That Are Cooked, Uncooked and Dried
Frank Spaulding of Peach Blow farm of near South Milford in a letter to the Kendallville News-Sun says that during his thirty-five years experience in the culture -of berries this ig the first season he was ever able to furnfSh lberries cooked, uncooked and d;‘ied. Continuing he writes: “The late variety of berries never got a chance to bloom. They dried up before they were rips. I planted a tew melons, thinking I could go out and get a melon when I wanted one this fall. They have been cooked and the yines are dead. I was banking on some fall red raspberries, but they are going the same way. " You can’t pank on any production- this year. It is not only a record heat year but a cooking season as well. «phis is our first real experience with Kansas hot weather and winds. We will recover and the next time we will get by because we will know what to expect. But we are in clover compared to other places. If we had to buy our drinking water we would have something to talk about.”
On Trip East.
Walter Robinson and son Edgar left Wednesday morning for Summerville, New Jersey, driving the car of Mrs. Daisy Kingston, who was in an auto‘mopilé actident on Road No. 6 number of weeks ago. Mrs. Kingston returned home on the train a short time ago. While in New Jersey Mr. Robinson and son will visit his~brother Will Robinson and family at Newark, N. J. They expect to he gone 2 week. | 3
Gangster Moll May En!er Movies
Miss Mary Kinder, Indianapolis, who spent four months with the Dillinger convict gang last winter, today was considering an offer to enter the movies. : She was with the gang when four members were arrested in Tucson, Ariz., last January. 0 Her sweetheart, Harry Pierpont, is under sentence to die in the electric chair at the Ohio state prison. e Miss Octa Joan Grate, 9-year old daughter of Mr. and Mrs. William Grate Wolcottville sustained a fractured right leg and painful bruises ‘at Wolcottville when struck by an automobile driven by Roscoe Royer of LaGrange. The child was riling on a wagon and was said fo have jumped off in front of the approaching machine. : :
CONTESTS STARTED.
First Votes were Collected From the Various Stores Last Evening and Much IntereSt Shown.
What promises to create a large interest in Kid’s Day is the contests for “Kid’'s Day”’ queen and the most popular baby under the age of two years, : : The first votes in the cont®st were counted last evening and it was found the:g were nineteen contestants for the queen and twelve babies and entered in the most popular baby contest. s i : Much interest is being shown now and friends are working hard to help their favorite one win t[@ contest. Bach day at ten o’clock the votes will be collected and the result will be posted in the windows of the newspaper offices. : . The queen will ride in the parade with her maids of honor, but it is understood that the most popular baby will not make her debut until evening at the platform in fromt ‘of the hotel. - The standing for queen s Rosemary Borger 6000. Caroline Knight 5600, : Joan Beckner 5400. Helen Griffith 3000. Billy Joan Muller 3000. _ Jackie Swan 2300. TLaura Bell Rice 1500. Kathaleen Barnes 400. 1 Betty Lou Emery 300. Joanth Andrews 300 . Beverly Garmon 300. Joan Scott 200. Betty Vance 200. Barbara Barnes 100, Rosellen Conrad 100. g Mary Dickinson 100. j . Evana Jane Smith 100. Betty Baughamn 100. Carol Sthair 100. : The vote as cast for the most popular baby to last night: . Orcon Willsey 9800. Sharon Lu Cotherman 3400. Mardel Bennett 3300. Diana Elin 2600. Nancy Weaver 1500. Victor Schlotterback -1500. Margory Maroviov 1500, i Eveline Fisher 700. Patty Eubank 600. Martha Johnson 400. - Paul Edwin Disher 300. Norma Louie Fidler 100. v e A bottlot box will be placed on the corner of Cavin street and Third to deposit votes in. -
Married Eight Years But Forgot It. A marriage that was performed in Goshen May 5 1926 by the late S. S. Whisler jvstice of the peace, and completely forgotten about by the bride and groom until a week ago was brought to light with the filing of an annulment petition in Gary by the bride. 8
This is the unusual experience of Mr. and Mrs. Herman J. Hertel who both lived in Elkhart at the time of their marriage. Their problem was re vealed in the annulment petition by the wife Miss Marie Ann Warner as she has always thought herself who now lives in Gary with her parents.
According tb the peiition Hertei, who now lives in Detroit and Miss Warner were married in Goshen eight years ago where they went from Elkhart after a night of revelry. After the marriage ceremony and a “reveirous night” the petition states the ccuple went their separate ways. _
Hite Reunion ; One hundred members attended the annual reunion of the iHte family Sun day. Alva Hite was re-elected president and Berniece Weirich secretary treasurer. Those from a distance to attend the reunion were Mr. and Mrs. Frank Crarey and family Hammond, Mrs. Clara Baker Detroit Mr. and Mrs Frye Toledo, Mr. and Mrs. \H. E. Longcor and family Millersburg, Mr. and Mrs. Harry Nelson Elkhart, Mr. and Mrs. George Swank Goshen, Mr. and Mrs. D. Bailey Middlebury.
Resigned Position.
Night Officer Earl Knepp presented his resignation to the eity council Thursday evening which was accepted and which took effect last evening. Mr. Knepp’s successor is Lee Smith of thig city. Mr. Knepp has served the pulblic very capably since he has held the office and it is expected that Mr. Smith will do equally as well. Mr. Knepp with his son Harry will open g cafe in the Adams building on North Cavin gtreet. i
The Water Fight. It will be impossible to secure an outside fire deépartment to come (O Ligonier for the water fight on “Kid’s Day” but however a water fight will be staged on North Cavin street. as scheduled by the local department and teams will be composed of Milo Miller, James Cain, George Clawson, ‘Fwverett Eversole, Forrest Clawson Lloyd Williamson, Dean Crockett, Harry Chiddister, Guy Calbeck. - ‘Under New Management ~ The Ligonier Garden operated by Mrs. Bert Shobe at the east end of the city is now under nrew ‘management of a Mr. Hart from Defiance. The Garden is open to the public but the grand opening will be Saturday August 11, e
SOCIAL EVENTS
Items Gathered by Banner Reporters oi Special Interest for its Many Readerls
Cunningham-Neufer
_Mr. and Mrs. WVern Neufer, Wawaka announce the marriage of their daugh ter, Mary to Robert Cunningham son of Mr. and Mrs. Rush Cunningham of near this city. The young people accompanied by Mr. and Mrs. L. J. Sturgis of Rome City motored” to Wakarusa Friday evening where they were married by the Rev. T. G. Weaver, pastor of the Church of the Brethren. The double ring ceremony was used. The bride wore pastel blue dress with wkife accessories. Miss Neufer was graduated from the Wawaka high gchool withthe ¢lass of 1932 and Mr. Ounningham was graduated from the Ligonier high school in 1930. Mr. and Mrs. Cunningham expect to reside in this [city where he is -employed with the Standard @il company. - -9v . g
Entertained Club.
Mrs. Mary Wagner entertained the members of her contract bridge club at Hotel Ligonier Wednesday evening at dinner with Mrs. Robert Shobe a substitute guest and with Misses Gwendolyn and ,Roxina Wagner, Mary Lyon and KEunice Sack as guests. The party after the dinner ‘went to the home of Mrs. Graham Lyon and played cards, prizes went to Miss Elva Foote and Mrs. A, E. Kelley. 1 s o 0 :
Bradbury-Leitch.
~William Harold Bradbury of York township and Esther May Leiitch of this city were united in marriage at Albion Saturday evening at the United Brethren parsonage the Rev. K. B. McCoy officiating. The groon: is the son of Mr. and Mrs. Charles pradbury and the bride the daughter of Mr. and Mrs. John Leiteh. : ¢ o £
Luncheon Guests
Jesse Levine of the Master Garment icompany entertained the heads of the departments at Hotel Ligonier at noon . today. Those present were: Seymoure Elin, Nancy Clouse, Ethel Pollock Carl Slaymaker, Madaline Lindsey, E. A. Wamble and Lawrence Wade. - LS :
¢ s S Birthday Party. A large party of ladies held @ birthday party at the Green Grove on Road 2 Wednesady afternoon for Mrs. Cyrus Holden and Mrs.<John Kettlebar. The afternoon was spent socidlly followed by the serving of iee cream and cake. Sy : ® ® O'
Dinner Guests.
Mrs. J. D. Kreager and daughter Beatrix entertained at . dinner Sunday evening for Mr. and Mrs. George W. Brown and granddaughter Nancy, Dr. and Mrs. F. W. Black an Miss Faye Hull ~ ; : _ ~ o 8 r
, Picnic Bridge - " Mr. and Mrs. Walter Robinson entertained the members of their picnic bridge club Friday evening. . The favors for cards went to Mrs. Cecil Griffith and Ray Mathew. ¢ % 8
Mr. and Mrs. Graham Lyon entertained at dim}er Saturday evening al Sargents hotel lake Wawasee for Mr. and Mrs. A. O. Shearer of Oak Park and Mr. and Mrs. George Howenstein of Detroit. , s s 5
Mrs. G H Bacheler entertained two tables of guests at bridge Monday evening, The favors went to Mrs. Sam Selig and Mrs. A. E. Kelley. Refreshments were served after the games. : *eB ; ‘
Mrs. Chester Vanderford entertained the memibers of her bridge club and a table of guests at a one o’clock luncheon today at her lake cottage.. ® % &
Mr. and Mrs. Chas. L. Smith quietly celebrated their 50th wedding anniversary at their home on West Third sireet Tuesday. : : oo e ; :
Mrs. A. W. Lyon entertained the Friday bridge cluyb today at a one o’clock luncheon ‘at Hotel Ligonier. 3ss e > :
Mr. and Mrs. Frank Pisel entertained a large party of friends at their cottage Sunday. 2 aee® . : :
Miss Margaret Lake entertained her club Wednesday evening. -
Peters to Get: Job.
It is said that R. Earl Peters, Fort Wayne, torm;er Indiana state democratic chairmén aad defeated for the demoeratic nomination for genator, will “be taken care of’’ by the federal administration. i In a special dispatch from Washington, it is said Peters “is being tutored to sudceed Fred Hoke, of Indianapolis and Indiana director of the National Emergency council and WNational Recovery administration. .~ Family Reunfon, ' ° The twenty-first family reunion of the Hire family will be held Thursday, August 16th at Woodlawn Tourist Camp. Please bring table service. A L. Hire is president and Mrs Anna Hire is secretary. . ,
-—— . -:i‘i ALWAYS FIRST il WITH THE NEWS
VOL. 68 NO. 27
F. @M. TRUST GO, PAYS 40 PER CENT
SPECIAL REPRESENTATIVE J, (. KIMELL RECEIVES GOV- - ERNMENT LOAN. v
First Payment is Made Friday Morning—s66,62o.4l Available . for Distribution.
The F‘arme&&'Mercnants Trust Company began the payment of 40 percent to depositors last Friday. Special Representative J. C. Kimwell handed the following to this paper, : : {
The Farmers and Merchants Trust Company went into liquidation December 28, 1932. Clarence E. Denaing was appointed liquidating agent and -served until November 10, 1933, when the Department of Financial institutions. of the State of Indiana ok charge of the affairs of the’ bank and appointed J. C. Kimmell as Special. Representative and Claude V. Barker, as attorney. ‘ Al the time the State Department * took charge there was $582.78 cash on hand and $1131.82 depositdd in banks. The former liquidating agent had paid off all borrowed money. Soon after the state took charge, all liquidating. agents, and recelvers ol closed banks were called to Indianapolis and urged by representatives of the Reconstruction Finance Corporation to apply for loans with which to pay off depositors, and Mr. Kimmell applied for a loan, putting up as collateral practically all of the assets of the bank, includinb notes, mortgages, securities, and (bank owned real estate. An appraisal was made by county committee composed of John Schermerhorn, Floyd A. Gause, William H. Favinger, Allen B. Visk and Edwin. D, Smith. The assets were appraised at $168,047.92, and the appraisers recommendsd a loan of $119,000.000. This application was taken to Indianapolis on December 22, 1933 and was promptly approved by the state officials and forwarded to the Federal Reserve Bank of <Chicago where it was approved and forwarded to Washington for final action and approval. Here it was approved by the executive committee 0l the Reconstruction Finance CorporaW ‘the sum of $119,000.00 on Januaty 10, 1934. At this point the Loan Agency of the RFC with headquarters in Chicago reconiiiended that $90,000.00 be disburse and $29,000.00 me held in reserve. The collateral was delivered to the ILoan Agency in Chicago on January 19, 1934. ;
On January 30th Mr. Kimmell filed a list of all the creditors of the bank with the Noble County Clerk and sent a letter to every depositor stating the amount they had on deposit and set March 30th as the day that all claims would be acted upon by the Court. In the meantime, he and the attorney were busy correcting defects in the collateral as set out by the Loan Agency. - All abstracts were brought up to date, examined by the attorney, and necessary corrections made. Scores of mortgage releases ‘were made, affidavits were secured, ang insurance Rolicies were renewed. i
It was necessary to furnish abstracts for all property owned Dby the 'bank and all property mortgaged by the bank. Jln case no abstract was furnished by the borrower, a new abstract or chain of title had to (e furnished. In the event that it was impossible to -correct all the defects in the collateral, it was withdrawn and its appraised value was deducted from the original amount of the-loan. Finally on July 26, 1934, a loan of $560,481.20 was granted and this amount was deposited with the American State Bank for disbursal. This, added to the funds available at the time the ioan was made, made $66,620.41 available for distribution, at this time. A 409 dividend is being disbursed. The loan was received at the American State Bank last Friday morning and before noon several creditors had received their checks, Up to Saturday evening over $30,000.00 had been paid out. HBvery depositor is to get 40% of his claim, excepting the stockholders and those who are liable as endorsers. They will receive 40% less their ‘liability. The distribution of over sf%\@go will mean much to this community at this time. ey All checks not called for within a few days will be m‘ailg(l out. Since the Department of Financial Institutions. took charge, $12,911.67 ‘in ‘mortgage loans has been paid off and all preferred claims and trust accounts have been paid in full. . Mortgage loans are being refinanced through the Federal Land ‘Bank and the Home Owners’ Loan Corporation. - Bk Aol o _ Future dividents will depend upon the ability of the Special Representasbility of; the borrowers to meet thelr B i SR e eT e