Sullivan Daily Times, Volume 49, Number 4, Sullivan, Sullivan County, 6 January 1947 — Page 4

PAGE TWO

SULLIVAN DAILY TIMES- MONDAY, JAN. 6. 1947.

Mmi iaila Wsm

A Home Owned Democratic Newspaper Sullivan Dally Times, founded 1905, as the daily edition of the Sullivan Democrat, founded 1854 United Press Wire Service Eleanor Poynter Jamison Manager and Assistant Editor Bryant R. Allen Editor Paul Poynter Publisher Published daily except Saturday and Sunday at 115 West Jackson St. Sullivan, Indiana Telephone 12 -" , J '

Hardwood Antics

Entered as second-class matter at the Postoffice, Sullivan, Indiana National Advertising Representative: Thels and Simpson, 303 Seventh Avenue, New York (1), N. Y, Subscription Rate: By carrier, per week .. ...15 cents in City By Mail In Sullivan And Adjoining Counties Year $3.00 Six Months . $1.79 Month (with Times furnishing stamped envelope) 30 Cents By Mail Elsewhere Year ... . , 1 $100 Six Months $2.25 Month (with Times furnishing stamped envelope) 40 Cents All mail subscriptions strictly in advance

Cracks In The Walls Of High Prices - - One of our favorite -Negro spirituals, condensing and dramatizing an ancient story, proclaims that when "Joshua fit the battle of Jericho . . . the walls came tumbling down." Americans have been battling for months against the high price walls of the post-war inflation era. These walls have not" yet come tumbling down, but they are cracking. - Such cracks suddenly appeared last week in the . price structure of many cost-of-living items. These are precisely the items that have made the inflationary period so diffU cult for the hundreds of millions of Americans who belong in low-income groups. For the vast majority, therefore, such developments have been. cheering rather than depressing. However, not all the comments heard nowadays signify elation. Producers and processors are understandably dis--turbed because of what a continued drop might mean in relation to large commodity supplies on hand. The stock mar--ket break of September was regarded as a portent of coming precession, and there has been uneasiness from coast to coast "as to how far it might go. ' What is happening to food prices is of consequence to - every American, and it is therefore interesting to note sev eral explanations of recent trends. First, although not necessarily foremost in importance, 'is the increasing consumer resistance to high prices. While - no general "buyers' strike" has appeared Americans are not given to hunger strikes disgust or necessity have stimulatted buying of cheaper commodities, use of substitutes and in(Tenuity in planning meals so that household allowances may ". be stretched farther. This has particularly hit perishable p commodities whose cost soared with the removal of OPA r controls. Now they are being shaken down.

Second, harvest of many commodities particularly

, fruits, vegetables and wheat have been setting all-time re-

cords, and additional bumper crops are forecast for 1947

Thus the supply is overtaking the demand for such items,

weakening or removing the props under high prices.

Third, extensive forecasts of a' coming recession have

had a depressing effect in commodity markets. Taking their

cue iron such talk and 'from realization that mices could

not remain inflated indefinitely trade vs are betting that commodity costs will be substantially lower next summer u hen deliveries will be due cn contracts now being made. They expect a drop of 15 to 30 per cent from present levels, and fire bidding' accordingly. Other suggested explanations include the sham curtailment cf government -buying of foodstuffs for the armed f f rees and for relief shipments abroad, the threat of liquidation of excessive speculative inventories and a consumer diversion from high priced fresh foods to hoards of canned foods left over from war days. All these factors mean reduced buying hitting prices sharply in wholesale markets and moie gradually in the retail tvade. . if this is the beginning of the end of post-war inflation, as seme observers describe it, the price shakedown may get rough for a while. But the initial effect is a break for the consumer and the trend will stimulate purchases of essential items. Ultimately we may have more money for luxuries, too. The nation's general economic health is sound, despite forecasts of a nasty hangover from the inflation spree.

READY MIXED CONCRETE

Delivered in Sullivan 4 Bag Mix Per Yd. $8.50 5 Bag Mix Per Yd. $9.00 4z Bag Mix Ter Yd. $8.75 514 Bag Mix Per Yd. $9.50 6 Bag Mix Per Yd. $10.00 CONCRETE BLOCKS Smooth Face 18c Each Above price is for 8 x 8 xl6" block. Rock Face Blocks, Bullnose Corners, Partition Blocks 4 x 8 x 16" and Line Blocks 8 x 4 x 16" also available. CALL OR WRITE CARL A. NEWLIN Phone 20 Hutaonville, Illinois

5

AT SHELBTJRN Some two thousand basketball

enthusiasts of this region jam

med the Shelburn High School gymnasium to the rafters Friday night to see the Panthers roll up their twelfth consecutive victory without a loss to stand undisput

ed among the state's undefeated high school quintets as they downed the Greene county Ja-

sonville Yellow Jackets, 30-28, in a closely contested battle

throughout.

With the scoring tied nine

times, the hectic' play was marked by classy v ball hawking by both squads as. the tallies hung in a two-point margin during most of the engagement.

With less than two minutes re

maining in the ball game and

trailing 27-28, Dick McHugh connected on Gambill's foul to tie the scoring at.28-aH. A travel in

the Jackets' territory gave Shelburn possession of the circular

pigskin and some split second

passing down under the basket to Dick Sweet placed the game on

ice as Sweet eluded his guard to

send a beautiful hairpin curve up from the floor to drop through

the network without moving a thread. The remainder of the closing seconds was spent in a Panther keep-away and Jacket fouling.

Coach Paul Weekley's charges

found plenty of trouble in the upper passing airlanes due to the long arms and perfect timing' of the towering Jackets but mid-way in the second stanza . they began practicing a low, knee-high pass with a feint-toward-basket-and-out-again method that was successful in drawing the less agile

Jackets away from Panther

scoring aces.

Coach Audie Swaby counted

on his team's better than six-foot average height to completely close out 'the Panthers but ,-the

plucky Sullivan county boys matched the Jackets basket for

basket despite the height disadvantage and handed the Jackets a deciding stinging at the foul line, hitting eight to the losers'

six. Each took a toll of eleven buckets from the field. Commanding most of the rebounds in the first period, McCullough marked first and secend with Gambill adding one point 6n Bob Anderson's foul. Sweet's bucket with three and one-half minutes gone opened the Panther scoring and . Edd

Livingston collected on Stewart's foul (5-3). . . '

. The quarter ended 7-5, Jason-J

ville, with Willie Stewart's long arms on rebound counting for one and Livingston answering him in a speedy Panther down-Ihe-floor passing exchange. In

the second, McCullough made a successful lightning approach and Bill Metheny scored on Anderson's interception, to be followed seconds later by Livingston's basket. Seifert and Sweet swapped goals and Gambill hit on Anderson's foul (12-11). Tom Santus, coming into the fray for McHugh, threw a mighty heave down the court to Sweet, who scored only to be followed by Huff for the Jackets, ending the half 13-14, Jasonville. In the third, Livingston's collected free throw tied the scoring (14-14) for the third time and Sweet pushed the Panthers to the foreground with a pass from Metheny. McCullough hit Anderson's foul, Anderson redeeming himself with a bucket

from Sweet's under-the-basket feinting pass. Gambill and Metheny traded fouls and Gambill another before dropping in a bucket for a 19-19 tie with three minutes remaining.' ;. ' McCullough forged the Jackets ahead with a fielder and Sweet

evened the score again. Gambill's the pains are gone from my'mus,

graus toss connection raiseu me Jacket ante and Sweet met the bid with the former's foul to end the third 22-all. The fourth chapter opened with Tom Santus intercepting and scoring alone only to be an-

AWFUL RHEUMATIC PAIN LEFT MAN'S BODY IN 8 HOURS "For years I had rheumatic pains in the muscles of my shoulders, legs and ankles, which finally got so stiff, sore and painful that when I walked 1 would flinch with agony. I got RHUAID and started taking it, and the . rheumatic pains began, leav

ing my body in eight hours. Now

cles entirely. .1 feel like some other person, and I praise RHUAID to the sky." This is a genuine testimonial from a man living right here in this vicinity. RHU-AID is the new liquid formula containing three valu-

swerea oy mccunougn again able medical ingredients. These from the field, 24-24. McHugh Three .Great Medicines, all changed the scoreboard and Sei- blended into one, go right to the f ert put it right back on a 26-26 very cause of rheumatic and neustutter. , Iritis aches and pains. Miserable, Sweet trapped Gambill's foul people soon feel different all and McCullough came through 1 over. So don't go on suffering! with one from the field to put Get RHU-AID, Bennett's Drug the Jackets in a 28-27 lead. With Store. Adv.

little more than one minute still of time. Gambill left the floor on violations and the way was clear for McHugh and Sweet to complete the performance.

Telephone service day and night Call Carri-Cab Anywhere Any Time Ph. Bus 470 Station

The Graysville Independents

and New Lebanon Indenendents

will meet in a basketball game at Graysville Tuesday night, January 7th at 7:30 o'clock.

OPEN FORUM DAILY TIMES

M. J. Aikin & Son FUNERAL HOME Dngrsrer "Aikln'i Service CofU N Mm."

Letters from ministers and oth

ers, interested jn local option, ! are- especially invited for this i

column. '

Letters and interviews , of a suitable nature and proper newspaper interest are sought for this

column, the editor reserving the right to censer or reject any ar-1 tide he may deem is not suitable I ami proper. Articles of 500 words ! or less are preferred. AH articles I

sent t the Open Forum must be signed and address given, in order that the editor may know

the writer, however, the writer's name will not be published if requested. Articles published herein do (sot necessarily express the sentiment of the Daily Times and this paper may or may not agree with statements contained herein.

General Repairing Motor Tune - Up WITH

Sun Motor

You can't drive safely with " shimmy" , stiff titer ingl "wander" or "weave" . Accu dents are sure to happen, useless tire wear occurs. Hav us correct it now CITIZENS GARAGE 118 So. Main Phone 98

HOOSIER THEATRE

SHELBURN

Tues. & Wed.

M prtsanll

M-G-

MARGARET O'BRIEN UONEl BARRYMORE

IEWS STONE EDWARD ARNOLD

AND .V THOMAS WMITCHELL

3?

Mat

7.

DIRECTED W

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PRODUCED Bt WILLIAM H. WRIGHT .

OUR MEXT

Attraction

PlusCommunity Sing, Comedy & News

-Ending TonightVan Johnson - Esther Williams "Easy To Wed" TEME, 7:00 P. M.

' SULLIVAN. INDIANA1

" BANK STATEMENT ' ' " '. j)

Report of condition of "Sullivan State Bank" of Sullivan In the State of Indiana at the close of business on Dec, 31, 1946. ASSETS ; 1. Cash, balances with other banks, including reserve '

balances, and cash items in process of collection .. $1,101,797.48 2. United States Government obligations, direct and . , guaranteed , . , .. 4,664,450.00 3. Obligations of States and political subdivisions . .. . 48,400.00 4. Other bonds, notes, and debentures - 46,000.00 5. Corporate stocks (including $..none. . stock of Fed

eral Reserve Bank) " , . . . none

6. Loans and discounts (including $91.71 overdrafts) . , 1,186,272.28

7. Bank premises owned $21,200.00, furniture and fix

tures $3,500.00 r. 24,700.0'

(Bank premises owned are subject to $. .none. . liens not assumed by bank) . ' . 8. Real estate owned other than bank premises None . 9. Investments and other assets indirectly representing bank premises or other real estate . None 10. Customers' liability to this bank on acceptances out- -i' . standing ... . , None .

Other assets 6,772.08

11

12,

TOTAL ASSETS ........ $7,078,391.84

LIABILITIES 13. Demand deposits of individuals, partnerships, and

corporations H ........ , ....... $5,041,958.19.1

14. Time deposits of individuals, partnerships, and

corporations ....... .V , , 1,034,367.27 1

15. Deposits of United States Government . (including

postal savings) ..... ... ' 28,537.50

16. Deposits of States and political subdivisions . . 618,111.37

17. Deposits of banks 18. Other deposits (certified and officers' checks, etc.) .'. 19. TOTAL DEPOSITS $6,787,750.38 20. Bills payable, rediscounts, and other liabilities for borrowed money 21. Mortgages or other liens, $. .none. . on bank premises and f ..none., on other real estate ...... .'. 22. Acceptances executed by or for account of this bank and outstanding 23. Other liabilities

26,000.00 38,776.05 ,

None None None

6,639.48

24. TOTAL LIABILITIES (not including subordinated obligations shown below) $6,794,389.86

CAPITAL ACCOUNTS 25. Capital .....,.$ 100,000.00

26. Surplus 130,000.00

27. Undivided profits ..: ...... 51,001.98 28. Reserves (and retirement account for preferred capital 3,000.00

$ 284,001.981

OPEN ALL NIGHT Every Night SHORT ORDERS SANDWICHES SOUPS Golden Arrow Cafe North Side Square

1 este

Powell Motor Sales BUICK - PONTIAG

Phone 97

4! W! r5! P F7 p r llblJU iMI kiim 4A IWK M. item Huk A

- Sullivan

H'-' ;

; UTILITY HANGER ijtleg. Low Price 490 SaIe , Price i Need extra cloaet space? It's yours with thisover-the-door utility hanger. Puts waste apace to work. '

The Friendly Store

THIS (5 i

CAMELS

'VI

THAT USED FAT IS V5RV PRECIOUS, SAYS THE , WASH IT DOWAJ THE- ' tourM BE A excess USSb FAT

Quit paying rent and own your home. Special bargains on property on installment plan. Also farms for nale. W. T. MELLOTT !

Administrator's Public Sale Of Personal Property Notice is hereby given that the undersigned Administrator of the estate of JAMES RUSSELL RICHMOND, dccTssccl, wil! offer for sale at public auction at the late ie'rienci- of state decedent, about one mile north of Shelburn in said, county and state, on Wednesday, January 8, 1947 At 10:30 A. M,., tine personal property of said estate consisting of: Livestock One shorthorn jersey cow, 1 yr. old; one spotted Guernsey cow, 3 yrs- did; one red cow, 4 yrs. old; one spctted heifers, 1 yr. old; one red and white cow, 3 yrs. eld. HorsesOne bay hoj;se, 8 years old; one black mave, 7 years old; one black mule. Farm Implements: One Model A Ford automobile; one mowing machine; two walking plows; one hay rack; one farm wagon and bed; one double section harrow; two riding plows (Oliver); two cultivators; one sweep rake; 105 feet hay rope; pitchforks; set chain harness and collars. . . , . Grain 200 or more bushels corn; two stacks timothy hay; one stack soybean, hay; loose hay in barn loft. Household Goods Electric washer; kerosene range; black and white porcelain range; 2-piece overstuffed suite; piano; ice box; dresser; 9x12 Axminster rug; Florence heater; beds, chairs, tables and rugs; lard press'; iron kettle; lawn mower; electric brooder; coal brooder; Forge blower. Miscellaneous articles too numerous to mention. TERMS OF SALE CASH Roy E. Pjttman, Administrator Emmett Harrison, Auctioneer. Hud Hill, Clerk. Lunch will be served on ar'ounds. .

Not responsible in case of accidents.

none j None r None J

None

43,105.50

29. TOTAL CAPITAL ACCOUNTS . ,

30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $7,078,391.84 'Includes proceeds of $. .none. . of debentures sold to ; 1 the Reconstruction Finance Corporation, $ . . none . , of . j debentures sold to local interests, which debentures are subordinated to the rights of creditors and depositors, and 1000 shares of common stock, par $100.00 ( per share. MEMORANDA

31. Assets pledged or assigned to secure liabilities and for other purposes 32. Obligations subordinated to claims of depositors andother creditors, not included in liabilities . 33. (a) Included in Loans and Discounts are LOANS TO AFFILIATED COMPANIES (b) Included in Other Bonds, Notes, Debentures and Corporate Stocks pe OBLIGATIONS OF AFFILIATED companies ......... (c) First lien trust funds ....... ,

I, Harry C Lowryj Cashier, of the above-named bank, do sol

emnly swear that the above statement is true, and that it fully and "Vi

correctly represents the true state of the several matters herein contained and set forth, to the best of my knowledge and belief. Correct Attest: HARRY C. LOWRY I CHAS. F. BATEY GUS LOWRY ) AMOIUNE M. WILSON R. O. CRAMER Directors. CHAS. H. BEDWELL JOHN T. PRATHER ) i State of Indiana, County of Sullivan, ss: " Sworn to and subscribed before me this 2nd day of January, 1047, and I hereby certify that I. am not an officer or director of this bank. (SEAL) .' RUTH V. ANDERSON, Notary Public

My commission expires March 5, 1948. f

1S73 1946 NO INFLATION HERE Bankloan Plan AS THE COST OF LIVING GOES UP KEEP THE COST OF YOUR BORROWING DOWN BY FINANCING YOUR PURCHASES WITH A LOW COST BANK LOAN, WE CAN SAVE YOU MONEY ON LOANS. A $7,000,000.00 BANK IS HERE TO SERVE YOU.

Sullivan State Bank Safe Since 1875 Member Federal Deposit Insurance Corporation 1875 1946

The Foxes ? Harrow . -

Based on the dramatic, best-selling novel of romance and adventure in Louisiana

BY FRANK YERBY IllUSTRATlONS BY LAWRENCE BUTCHER

it imA illume - -t'vyL sv

A black pall hung over the city; warehouses blazed

FROM the decks of the gunboat Pinola to which he had been transferred when the Itasca had been wrecked by a round shot through her boilers, Lieut, Meredith looked out over New Orleans. A black pall of smoke hung over the city, warehouses blazed. The levee was black with howling humanity, hurling curses at the Yankees. But now the small boats were putting two officers ashore to arrange the surrender. Tom gasped. That mob would tear them to pieces. Had Farragut gone daft? But the old man knew what he was doing. He had gauged the temper of the inhabitants and though they shouted they did not lay a finger on the men. Watching them, Tom thought about Julie. When would he see her? Had she changed? Perhaps she no longer wanted to see him. He felt sick and miserable and completely empty o$

"I must ask you to explain," Julie began.

triumph. He thought, there must be jome way of getting upriver to Julie! But up at Harrow,' Julie,' too, was waiting. The potation was an island, shut off from all contact with the outside world. No word from Tom. No word from Stephen, Aji Etienne, too, lost to them, his fate unknown. . cihe and Aurore were on the upper gallery when they were startled by the ragged crash of musketry followed by the deep boom of a cannon. A moment later a troop of Confederate horsemen burst from the shelter of the trees and raced toward Harrow. , . . Julie came out upon the lower gallery as the men hurried up the stairs. She held up a hand. "Gentlemen," she began, "I must ask you to explain . , ." The leader put out a horny paw and caught her under

Orawings copyright, 1946, by King rwturei Sjadicate, Ine. Test copyright, 1816, by Jimk Yarby. Cublished by to Dil f res.

The whole North Wing exploded into flames.

the chiri. "Likely filly, ain't you?" he said. M Tend to you later when I ain't so busy with the damyankees." He whirled her around. "Now git!" Swiftly, the men took positions in the North Wing, just as a gunboat drifted into sight. At its masthead were the stars and stripes. Julie could see the crew working feverishly, elevating the muzzle of the squat black mortar. She turned wide-eyed to Aurore, but at that instant the whole North Wing of Harrow blazed with musketfire. They could hear the shrill whistle of the minie balls. Then the mortar aboard the Cayuga spoke bass thunder, shaking the sky and the river. The two women stood there frozen, and watched the great black ball climb to the top of its arc, then hurl down to smash the wing which ex

ploded into flame-. ; (Continual -arrow