South Bend News-Times, Volume 37, Number 319, South Bend, St. Joseph County, 14 November 1920 — Page 2

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THE SOUTH BEND NEWS-TIMES

SMALL IKSURAIIGE ! COVERS FIRE LOSS

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t th h-:-: In h'irc h arehit rturo A-ill tak it- l.ic. Duo to thf intens-- cold wo.it h r, an.l th- hilv.iy :i i n 1 .y r:nniV'? the fir" fiLchtf-r hil a ilifflcult J')N In lihtir.- thi hlaz A fr-neral a! irm bro.;:;ht n.ft f the fir flRhtlnK apparatiiH of the It y. which iuir '1 tr -anis of wa?T n thf hhz to provfnt it:-? -;rf adir: o U't joining re:M ncfs. Narrow IImmihs. Svt.iI firf-mrn narrowly rri.1 vrlus lnjur'fS vhn thf Kik wall of thf huiMir.K f"ll. ara! thf fttalntl windows w re thrown outwnrrt by thr hont fron within.

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CHICAGO PREACHER AT GERMAN CHURCH

luv. 3. A. Mu!:irvvr. D. D.. district 5njperintcrJt.it of th Chicago trlct of thr (iprman M. K. churrh.

will conduct the services at th. lo-!

Amonc: Fouth Rond's host known and liked hu."iness men is Included K. 11. Mancrold, for 10 years a leading photographer In this city. It was In 190 4 that Mr. Mangold entered the photographic business here In association with James Honney. a pioneer photographer. He came here from !) nv r, Colo. For 15 years he was in business In Moline, 111. Earnings Of National Banks Break All Previous Records And Business Still Expands

al church Sunday. TIim niorr.lnsj trvirp, will bf held m the rierni'in lanni.iLv .Mi-i tht-

doctor will preach a Vfrrr.cn in that I f 'xpansion and contraction have sub-

toniif. A rfmmnni'in rvio will' ctf d our business fabric, our Iinun

follf.w. At ri'r'r.rlv the n 11 1 rt . r. ri.i 1 nvstem. and especially tl

ly c"nfr r.ce will convene.

j r.e venincr servif- w:Il becrm at

7 t clock. At this meeting l)r. Mul- stability that can be imagined. They fin-tr Will deliver t riv.f.ri in tba- , have nut this unprecedented test In Jai'-'i-h tantrunre. S;. i i! rtniie a way t prove their so'id strensth i'V th.- choir and male iLartet will! and the wisdom anil fidelity of those

RV DAVID F. HOUSTON.

Ilapid and violent alternations of

I I I II Ml'III, lim r.-('i-iiiiij I banks of the United States to tho most severe test of efficiency and

feature both ?e.rvice.

THIRTEEN -YEAR-OLD HOY SHOT EX GOSHEN

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vs or iw)m:ihvi)i;. To the s- 1 ? rpent W i - common noutrh Vh' n m-n at the s .shore Could r: t ill.; r a stuff.

In dry day the ry.-.is. Should bt- ratb.er . :ut tjp to xh:. wrltii-. 1 1 Ii,. sn't be. n n.

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Courle r-.Tournal.

It is rtniriMM'1 how nny xfiiMS a ir. an cm cop.jur'4 w hen he is! thi:u hf b'is to 1

u ho direct them. The figures and facts must give th American people and the world increased confidence in the safety and power of the banking and bu-d-ii ss interest of this country. The shrinkage in the value of our principal commodities and articles of production during" the fiscal year nded Oct. ."1. 1020. is the greatest

(.limit rciai nistory, not oiuy m

imount but in the proportion of the j

decline tu former values. It amounts to many billions of dollars. It was

: preceded by leaping upward of val-

u- s and prices from 1 1 1 4 to ltlt almost beyond the capacity of figures to express comprehensively. Banking Held Steady. No six years in the history of the world have brought convulsions and . hang s. so tremendous or intense. The manner in which our banks have endured these ordeals is an im-

I pressive indication that they were

not tempted from the ways of satety and honesty by the excitement of inflation. The policy of wisdom and hdeiity to trust and responsibility that b as kept us secure has been -enerally uniform and has puid-d the smallest and more remote banks as well as the largest at the com

mercial centers. In the past year of swift declines our national banks, with which this bureau has especially to do, havo made the bet record in 4 0 years. In immunity from failures, excepting", only the fiscal year of 1019, which was the climax of the upward movement. The total capital of the five national banks placed with receivers in the fiscal year ending Oct. 31, 1920, is only $203.000. This is less than one-eighth of the yearly average of the capital of national banks which have failed in 4' years since the beginning of national banks. KihI ureal All Changes. The national banking system of the United States ha.s not only endured unshaken the phenomenal changes, but has prospered and

grown steadily and sui anttai.y. m the midst of them. During the past fiscal year 3 G 1 charters were granted for new national ban'.:s with capital of $31,077,500. an! COS national ban :s have increased th :r capital a to:al of $1 04.il S.100. The net increase of authorized national banking capital for the year, after subtracting all decreases l y consolida

tions, voluntary liquidations. receiverships and reductions of capita! is. 111. M0. 000. This is 30 pt-r cent more than the greatest increase for any preceding year since 1S5. Instead of the crash, and collapse, and disappearance of money into hiding places which hltlurto attended conditions resembling but far less severe than those through which we have come, we find stability, healthy and strong growth, and 5 1 1 S , 8 10.00m additional national banking capital available for development of the country's buriness and for assistance to other countries. IJiisiiicss Is Expanding. There are now 8,157 active national banks in operation. There are pending and awaiting action by the comptroller's office, 250 applications for charters for new national banks and 277 applications for authority to increase capital. Twenty-seven applications for charters for new national banks were refused during the year. compared with IS refusals the year before. The latest reports of the earnings of the national banks, both gross and net. covering the 12 months ending Juno 30, 1920, which have just been compiled, exceed all previous records. The grosa earnings for these 12 months are reported at $1.109.116.000 as compared with

$515,624,000 in lt14, an increase in seven years of $593.402.000, or 115 per cent. For the 12 months ending June 30, 1920, the net earnings amounted to $282.083,000, which compares with $149.270,000 in 1914, an increase of $132,813,000, or nearly 90 per cent. Of the 1.109 million dollars of gross earnings reported by the national bankf, 1,012 millions were derived from interest and discount; 27 millions from exchange and collection charges and 70 million dollars from miscellaneous sources. It Is noticeable that of the total losses of all kinds charged off by all national banks which amounted to $114,000.000. only $31.284.000 arose from losses from loans and discounts, while the losses on bonds, securities, etc., charged off amounted to $61.790,000, other losses amounted to 21 million dollars. Taxes paid by national banks for the 12 months amounted to $79,484,000. Interest paid on deposits amounted to $287.637,000 and the interest paid for borrowed money (very largely to the federal reserve banks) aggregated $82,720.000. Salaries and wages paid by national banks amounted to $175.452,000. The losses charged off on "bonds and securities." $61.7:0,000 were equivalent to about three and onethird per cent on the average amount of bonds and Fecurities, other than those of the United States

j government, held during the year; I while the percentape of losses on

"loans and discounts charged off was scarcely one-fourth ofone per cent, on the average amount of loans and discounts outstanding, during the same period.

It. is- up to the women to see that not all the offices go out to s. k the men.

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Electric Washer 1920 Model

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Thr hot ur, rncloscd in the tightly closed, solid copper tub. coaxes the dirt from your clothes without filling your home with steam that elampens and chills everything it touches. Phone us for a Free Demonstration. MAIN 107 '

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Let us again call your attention to our fine line of men's clothing and furnishings. Including a most complete assortment of Stephenson underwear. Come in and be outfitted complete.

132 S. Michigan St.

SHOP EARLY BY MAIL Send us your Ch ristmas order early that a careful selection may be made.

Store Opens 8:30 Closes 5:30

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Open Saturday Till 9:30

GREETING CARDS Very attractive and dainty Art work in soft toned pastels. Greetings and verses engraved. 5c to 25c each

V

Winter Wraps and Coats $25.00 to $125.00 Handsome showing in their graceful draping and exclusive adornment the genius of then makers. Many styles are ideally suited to street and business wear, others are luxurious enough to be worn at the most exclusive of formal functions.

Plain and Fur Trimmed Suits $29.75 to $150.00 Fashion's newest suits for the Winter season, each masterfully tailored and exquisitely finished. Styles to suit almost everyone trimmed with pretty embroidery or fur. The materials are the most fashionable loomed for present wear. Beautiful Dresses and Practical $25.00 to $125.00 Teeming with the spirit of youth are these Frocks for Women and Misses. Embodying all the new conceits of fashion, they display simplicity which is the sign of good taste.

Holiday Suggestions Vanity Cases. Dresser Sets. Pin Boxes. Desk Sets. Waste Baskets, covered with rose and blue Brocade, trimmed with lace and silk flowers. Venetian, Bugle and Seed Beads for making necklaces. Library Scarfs. Pillows to be embroidered in wool or si lk. Complete line of Towels, Scarfs, Luncheon Sets. Table Covers, Fude Aprons. Pillow Cases. Day Cases and Sheets. French Novelties.

Lamps for Christmas Specially Priced Six Dozen Table and Floor Lamps in brushed brass. Vcrd Dr statuary bronze finish. Metal, glass and silk shades. $4.50 to $30.00. Floor and Table Lamps in mahogany or polychrome finish. $4.50 to $45.00. Candle Sticks and Book Ends. $3.25 to $7.00. Flower Holders, Jardcniers and Fern Dishes. $1.00 to $6.50. Christmas Candles, both plain and fancy.

Sweaters and Scarfs We are showing the very newest styles in Sweaters and Scarfs. New versions of sweater styles in Tuxedo, Tie-Back and Slip-On. Yarns are mohair, alpacca, Shetland and worsted wool. $6.50 and more. The Scarfs are brushed wool and camel's hair. Fine assortment of colors and widths.

Blouses as Gifts Surely there is no more acceptable gift than a blouse. Here at your disposal is a well selected assortment of Georgettes. Crepe de Chines. Satins, Voiles. Orpandics and hand-made waists. Styles are more wonderful than ever and the workmanship is of the highest type. There is a broad range of

prices.

$4.95 to $18.50

$2.50 to $15.00

Rolls and Bench Free With Every Player

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1 f irr r ÄiLl Rolls and Bench Free With Every Player I

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