Richmond Palladium (Daily), Volume 46, Number 94, 28 February 1921 — Page 2

PAGE TWO

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND. 1ND MONDAY., FEB. 28, 1921.

FARMERS BENEFIT i BY WARM WEATHER; ItT SPRING PLOWING 1 (By Associated Press) INDIANAPOLIS, Feb. .28. Farmers generally have taken advantage of the high temperature to advance their plowing and to open their maple sugar camps, according to the semi-monthly report of George C. Bryant, agricultural statistician.' announced today. The "report, follows : But llittle snow or rain during the month , with generally very high tem perature for the season of the year. Much plowing has been done and some maple sugar camps have been opened. The run of sap is very good, although there Is hardly enough freezing and thawing weather. Butchering has it 11 i i j

Corn Is Held. Because of the low price of corn and the poor condition of roads but little is going to market at this time. Considerable would be fed but there seems to be shortage of stock hogs.

AX SWINGING

(Continued from Page One) a week and a provision that in factories women shall not be employed between the hours of 10 p. m. and 6 a. m. has the support of the Legislative Council of Indiana women. Has Been Amended. The bill has been amended considerably since it. was started on its way and as it stands now provide1 several exceptions. Telephone and telegraph operators and others are excepted from the provisions. While the measure has had the support of the legislative council of women it is understood that it has not been looked on favorably by all of the women's organizations affiliated with the council. It has had opposiMon from a number .of women and giris employed as stenographers and clerks in Indianapolis offices, most of whom are Connected with what is known as

suited In a changed attitude on the the house. However the report was part of a good manv of them. TheyHiot adopted by the house and-the

feel, that now. that they are full citi

zens no special legislation should be enacted In their favor.. ..Possibly one of the senators when the working hour bill was up in that body thought he was making a decided hit when in a burst of oratory he spoke of women

Deing or the weaker sex and told how they must be protected. As a matter, of fact, some of the women made a good many sneering remarks about this speech. This is one particular phase of the woman voteo which the politician must open his eyes. The attitude of the women has resulted in the many amendments to the working hour bill and it will be mildly surprising if the measure gets through at all, though in its present form it does not seem to be harmful and might be of some benefit. Memorial Pending. There is considerable. . interest at this stage of the legislature in the socalled soldier memorial bill. One of these measures has been killed and two others were on the program for consideration this week In. the house. The bill that has been killed would enable Marion county to issue bonds for paying half of the expense in the purchase of land in North Meridian street, Indianapqlis, as a site for a state soldiers memorial. One of the bills that is pending would enable the city of Indianapolis to take care of the other half of the expense and theother bill would authorize the state to ac

cept the site as a memorial site. The belief was expressed today that the bill that has failed to get through might be brought up again for consideration with a referendum section attached. It would thus enable the people of Marion county to vote on the question of whether the county would pay the proposed expense and the city people also would according to this plan vote on their half of the expense. Some expressed the opinion that the bills in thig form might get through. American legion men were hard at work yesterday in an effort to save tho measures. Amendments Linger. With most of the resolutions for constitutional amendments through

both houses there is much interest In

two of them that are lingering by the

wayside. One of these is the amend

ment that would enable the legislature tc establish a system of taxation and the other is one, that would authorize the levying of an income tax. But the first one is the Important one

because if it becomes a part of the

tho Indiana Business Women's club, i constitution the other one will not be It has also been opposed by women ! needed. If the legislature has the who are employment directors in some; power to establish a tax system it will of the largest establishments In In-i also have the power to authorize an dianapolis. j income tax. Attitude Changes. . The bill giving the legislature powThe pest analysis that can be made I er to establish a system of taxation of this situation reveals that the grant-1 went through the senate but was reing of the franchise to women has re-' ported for indefinite posrporment in

resolution was recommitted ,: to the

committee. It is understood that the governor is-greatly . interested in this amendment and that . Senator Ratts and other administration leaders of the senate will devote considerable time

this week to an effort to get favorable

action in the house. Gives Free Rein. Under the constitution now the legislature may establish a just and equal system of taxation but the proposed amendment would leave out the qualifying words and give the legislature free rein. A good many of the friends of the proposed ameadment believe the legislature under the constitution as it exists now would have the power to classify property for taxation or to levy an income tax but . they say that such action under the present constitution would always be subject to controversy in the courts. It was this part of the constitution that killed off the exception that "was proposed for intangibles in the present tax law. Friends qf the administration are hopeful that this amendment will get through and has been stated are hepeful that the bill for a special election to consider all of the proposed amendments will be made a law. Their main argument is that action of this kind may head off a constitutional convention. Point Out Mistake. Senator Ratts and others who before the session of the legislature began went into other states studying budget systems and other features for the governor, ran into two or three constitutional conventions and they say that in every case such conventions had developed a great deal of log rolling and wrangling, and had resulted in some very unwise enactments. The chi-ef mistake they said was the inclination of the constitutional convention delegates to tako care of details in the constitution instead of making the constitution a

broad enactment and leaving the details to the legislature. Illinois, they point out, has suffered, greatly from ft long drawn out session of a constitutional convention and Ohio they say has not fully recovered from its constitutional convention.

It was said before the sessions of the legislature began today that the question of aid for a number of schools of the state that are about to close their doors after short terms would be settled satisfactorily before the end of the week. Advance Plans. Several plans had been discussed and one that was in favor would be authorization of the school authorities in the poorer counties to take money in advance from the June draw of

Report of Condition of the Union National Bank at Richmond in the State of Indiana, at the close of business on February 21, 1921.

taxes to keep the schools going. It was said that they could keep making advance draws . until the . common school levy bill goes into effect, when it is - believed . the poor counties- will have, no trouble with their schools. The hew common school levy, bill provides that a large percentage of the school levy income shall go to the deficiency fund. It is a house bill and is ready for action In the senate. It is almost certain to go through. - Legislators who were discussing the school question around the hotels last night said the governor had at first opposed the Bonner bill which carried an appropriation to keep the schools in the poorer counties going because he was against a bill that carried such a texge appropriation. They raid, however, that a number of senators whose schools were suffering, had gone to the governor and told him that they were facing a grave emergency. Must Extend Terms. They pointed out that the law enacted at ttaa special session of the legislature which provides minimum pay of $800 a year for school teachers would soon be in effect and that unless something was done to extend the terms in the poorer counties, teachers in a short time would be drawing $800 for four or five months' work. Home Rule Up. The house bill which would authorize cities to establish the commission or commission manager form of government was scheduled to come up in the senate this week. It is said that Mr. McClure, the speaker of the house is greatly interested in the welfare of this measure and that he has already spoken to senate members about It and will continue to follow its course

in the senate. The city of Anderson, Mr. McClure's home city, is said to have had some rather sad experiences with its present form of government and that is the reason for his present stand. It is said that the governor has expressed no opinion in regard to

the bill and naturally the senators from small towns will not be greatly interested in it. Expect Passage. The general opinion today was thought that the bill would go through the senate. Senators who were not vitally interested in it said they be-

lieved there woujd be no harm in perj mltting citizens to vote on the form I of government they should have and

pointed out particularly that section of the bill which would also authorize the people to decide whether they should go back to the old form of government after trying out the commission or commission manager form.

The senate and the house disposed

of a large quantity of work during the last week. In addition to' the killing of bills referred to above - the house passed 39 house bills and bIx senate bills. The senate passed - 37 senate bills and 18 bouse bills and killed nine senate bills and three house bills. One of the high points in the senate and house was the killing of bills that would have changed the present laws in regard to the teaching of German language in the schools. . Night Sessions Probable. While the appropriation bills and most of the orner important bills are well advanced it -is probable that night sessions will be held in both houses the greater part of this week. It is said to be the feeling of members on both sides that it is up to the legislature to take some kind of action on all measures that have been introduced even though most of them be killed. It was said today that in all probability the omnibus system of acting on bills will be adopted in the house for the finishing work. Under this system by which a number of bills are bunched and action taken on all at one roll call there is great danger of bad bills getting through. But it is said that a number of Republican leaders of both houses have conferred with Speaker McClure and have impressed on him the importance of appointing the very best and'livest men on the house steering committee. The steering committee is the one that lists the measures on which omnibus action shall be taken. It is known that some of the Republican leaders of the senate are a little anxious about the adoption of the system in the house but they believe it may be operated without damage if

the proper kind of men are at the helm. - The omnibus system has been widely used in both branches in previous sessions. Comparison Interesting.

Legislative leaders said today that

when this session has ended a comparison of It with the Democratic session of 1913 would be interesting. The two sessions were alike "in that one political party had large majorities. In 1913 the Democrats had large majorities In both houses. In this session the Republicans have large majorities. In 1919 . the Democratic legislature made bo many expenses that figuratively speaking it almost ran away with the state treasury. There were doorkeepers, stenographers, clerks and other employes galore. It was a common saying that you could not go into the statehouse during .that seat ion without stepping on a doorkeeper. But the Republicans say that the expense account at the end of this session will be widely different from that of 1913. Some of the leaders were saying today that they believed the total expense of the session would run under that of last session was only $102,000. The expense of the 1919 session ran many thousands of dollars above this figure. A comparison of the legislation of the two sessions may be interesting at a later time.

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INFLUENZA I As a preventive, melt and in I bale night and morning

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LOEHR & KLUTE

l -t RESOURCES - Loans and discounts, including rediscounts"". ' Overdrafts unsecured U. S. Government securities owned: Deposited to secure circulation (U..S. bonds , pax r value) 140,000.00 Pledged ! to secure postal savings deposits (par: value) 5,000.00 Pledged as collateral for State or other deposit? or. bills payable 90,000.00 Owned and unpledged 127,750.00 War Savings Certificates and Thrift Stamps actually - owned ........ . 394.56 Total U. S. Government securities Other bends, securities, etc.: Securities, othor than U. S. bonds (not Including stocks), owned and unpledged .... Stock of Federal Reserve Bank (50 per cent of - subscription) . . . .," Value of banking house, owned and unincumbered Furniture and fixtures Real estate owned other than banking house lawful reserve with Federal Reserve Bank Cash in vault and net amounts due from national banks Checks on other banks in the same city or town , as reporting bank ' Checks on banks located outside of city or town of reporting bank and other cash items Redemption fund with U. S. Treasurer and due v1. from U. S. Treasurer ...................... Interest earned-but. not collected-r-approximate on Notes and Bills Receivable not past due..

544,014.90 1,817.86

COAL

Anthracite Chestnut and Egg, Pocahontas Lump, Egg and Mine Run, Indiana, Ohio, Kentucky and West Virginia Lump.

Prices Reasonable . t. Prompt Service Klehfoth-Niewoehner Co.

Phone 2194

N. 2nd & A Sts.

59c

Read Page 3 of this issue and fall in line at 8 a. m. tomorrow.

363,144.50 52,522.47 7.500.00 84,000.00 2,500.00 213.00 70,912.63 100,208.97 15,028.10 S52.61 7,000.00 10,500.00

Admiration

,Total

LIABILITIES Capital stock paid in Surplus fund .................. Undivided profits . . . . . . . .., Less current expenses, interest, and taxes paid.. Circulating notes outstanding . ..V... N'et amounts due to national banks ' Net amounts due to banks, bankers, and trust - companies in the United States and foreign countries (other than included in items 28 I or 29 ...T,.... Demand deposits (other than bank deposits) subject to Reserve (deposits payable within V 30 days) : Individual deposits subject to check Certifcatcs of deposit due in less than 30 days , other than for money borrowed) V Dividends unpaid . , Time deposits subject to Reserve (payable after l"i,30 days or mom notice, and postal savings): Pdslal savings deposits .'. Cilts payable with Federal Reserve Bank

64,059.17 6,404.73

Total

$1,460,215.10 150.000.00 100,000.00 58,554.44 140,000.00

10,568.76 i

1,420.27

828,655.39

138,539.241

187.50

2,289.50

30,000.00 j

..... $1,460,215.10

55. 0f the total loans and discounts shown above, the amount on which in- ; ' . terest and discount was charged at rates in excess of those permitted . by law (Sec. 5197, Rev. Stat.) (exclusive of notes upon which total charge not to exceed 50 cents was made) was none. The number of r- such loans was none. 5&r, The amount of money loaned ON CALL OR DEMAND, by this bank on . .v bond and stock collateral, in New York City, including both loans made directly to borrowers and those through its New York corres- ; pondents, on the date of this report was none. 57. The amount of money loaned ON TIME, by this bank on bond and stock X f collateral, In New York City, Including both loans made directly to -l'-; borrowers and those through its New York correspondents, on the date of this report was none. 53.' Aggregate amount of salaries or compensation paid by this bank to Chairman of Board (if any). President, Vice Presidents, Cashier and Assistant Cashiers for month of January, 1921. $750; Annual pay of all these officers at January, 1921 rate of pay, $9,000; number of these 7 officers on date of this report was 3. 59. Aggregate amount of salaries or .compensation paid to all other em- ' nloyees of the bank for month of January, 1921, $481.66: Annual dbv of

these employees on basis of the January. 1921, rate of pay, $5,779.92; i

. number or. tnese employees on aaie oi mis report was 4. State of Indiana, County of Wayne, ss: J, H. J. Hanes, cashier of the above-named bank, do solemnly swear that he above statement is true to the best of my knowledge and belief. , k H. J. HANES, Cashier. . . . Subscribed and sworn to before me this 25th day of February, 1921. BENJAMIN F. "HARRIS, Notary Public. r" My Commission expires October 2, 1923. f Correct Attest: , - - V -. ..,- C. A. McGTJIRE, -;..- .A ;-v--,' , V GEO. L. GATES, ' r " , " V. D. LOEHR, Directors.

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