Speedway Flyer, Volume 29, Number 4, Indianapolis, Marion County, 28 January 1960 — Page 5

Thursday, January 28, 1960 ■>

NEW PHILCO TV CONSOLE

lllffi « IM MB ■[■ —»■ STtvt McQueen 1H Stu ol Wint«d Dad or Niva PHILCO 4800-W. Full power console in rich Walnut finish. Stylish brass tipped legs. Exdusivenew Cool Chassis for greater reliability and longer life. Top timing. Front sound with new wideband sound system. 2-position range switch.

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1959 Report From AFNB 1959 was one of the most significant years in the history of the American Fletcher National Bank and Trust Company, whose predecessors date back to 1839, it was reported today at the annual shareholders meeting by Frank E. McKinney, chairman, and H. Prentice Browning, president. The consolidation of AFNB and the Fidelity Bank & Trust Company on July 31, 1959, an the completion of the bank’s new Fidelity office on Monument Circle along with the modernization of the Fletcher Trust banking

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lobby were the high points of the year. Elmer W. Stout, senior member of the board and dean of Hoosier bankers, was elected “Honorary Chairman for Life” of the board at the annual meeting. Two former advisory committee members, Austin V. Clifford, Professor of Law at Indiana University, and Thomas W. Moses, president of the Indianapolis Water Company, were elected to the board of directors. All other officers of AFNB were re-elected. Resources, deposits, loans and all other categories stood at all time highs on Dec. 31, as contrasted with the totals for the

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two banks at year end 1958. Resources were $506,444,921 compared with $443,729,551. Deposits were up to $470,380,601 from $408,246,969, and loans of all kinds totaled $189,799,279 at the end of 1959 contrasted with $152,782,408 at the previous year end. Two new branch offices were added during the year, bringing the system total to 37 offices county wide. The new offices include the Augusta office, 7065 N. Michigan Road, and the Speedway office at W. 16th St. and Lyndhurst Drive. Branch office improvements include the new modern Oaklandon office and the beginning of construction of a new West Street office at 465 W.

Washington St. in downtown Indianapolis. During the year the Bankers Trust office of the former Fidelity Bank & Trust Company was closed, and it is contemplated that in due course the American office at 45 N. Pennsylvania St. will be closed and operations here transferred to the main office of the bank. Financial results of the year likewise reached new highs. Net operating earnings per share were $4.11 compared with $3.34 for the two banks on Dec. 31, 1958. Gross operating earnings

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THE SPEEDWAY FLYER

for the comparative periods were $17,370,316 against $15,169,031, and net operating earnings totaled $2,793,609 and $2,268,399. Net operating earnings were 23 percent higher than such earnings of the separate banks at the previous year end, and represented a 9% percent earning on the capital funds of the bank. At the time of the consolidation the annual dividend rate was increased from $1.60 to $2.00 per share. It was reported to the stockholders that the bank has more than 100,000 checking accounts, and that in excess of 101,000 savers carry $102,000,000 in savings and time deposits with AFNB. There are 6,000\ families being provided credit for the purchase of homes by AFNB, and more than 53,000 individuals are financing their consumer, credit needs through the bank.. AFNB has correspondent banks in 87 of the 92 counties in the /state, together with banks in many principal cities and in mc/st areas of the world. The Trusy Department serves over 2,500 active accounts, which exceeds afiy former period, with acstaff of 67 persons. Other developments of the year included AFNB “Bank at Work” plan through which employees

JANUARY 28th thru 3Oth “FURTHER REDUCTIONS FOR THESE FIHAL 3 DAYS” A “LADIES SHOES” W 53 $4-99 to SR 99 Reg. $8.95 to $12.95 '1 *199 to SAW Reg. $4.95 to $7.95 ■ CASUAL & QQ „ C 1 QQ SPORT SHOES * J* 77 tO * Qf™ Reg. $4.95 to $6.95 dHB ‘‘‘CHILDRENS SHOES” DRESS AND SERVICE TYPE Reg. $6.45 to $7.95 . $2’99 t 0 *4-99 a “MEN’S SHOES” Ar mmoo roa Mv» = $4-W t , sg-W E »4” to »5 ” Reg. $6.95 to $7.95 A TABLE OF WOMEN'S & CHILDREN'S SOME SHOES et SLIPPERS »* at SI.OO q MARTIN'S SHOES 1462 Main St Speedway, Ind. CH. 1-0964 Hours: 9:00 a.m. to 5:30 p.m. Daily Open Friday Evenings Until 8:30 p.m.

can have available most essential banking services on the job. During the year the bank was one of the first in the country to order installation of a newly introduced and most advanced electronic accounting system, which by reading magnetic ink information on checks, deposits and other items will greatly speed and make more accurate the daily accounting

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function in the bank. The system is expected to be in service early in 1961. Lower level parking for customers beneath the Fidelity office on Monument Circle was a new customer service instituted late in the year. Veteran Cast Set For "Ladies In Retirement" The seven-role cast for the February production at the Booth Tarkington Civic Theatre, “Ladies in Retirement,” has been announced by Howard Lambert, director.

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Heading the professional caliber cast of “veterans” is Helen Buell, a long-time favorite of Civic audiences, in the role of Ellen Creed, originally protrayed on stage by Flora Robson. As the two “potty” elderly sisters, Laura Breyer and Ellen Evans are joined by Dorothy Price as a “lady” who has retired to the quiet life of the country. Jerry Vance, last seen at Civic in “The Silver Whistle,” returns to play Albert Feather, the slippery-Cockney bank clerk. Adding a touch of love interest to the suspense play will be a newcomer to Civic audiences, Sharon Kassenbrock, seen last summer with Starlight Musicals. Another veteran performer, Bess Wright, is back with the local theatre group as a Nun. Her last appearance was in 1951 in “The Heiress.”

“Ladies in Retirement,” written by Edward Percy and Reginald Denham will open February sth and play through February 14th. Mail orders are now being accepted, but telephone reservations are not available until Thursday, January 28th.

Y.W.C.A. Program For Westside The Indianapolis YWCA is presenting its Mid-Winter Program at the Wesley Methodist Church building for homemakers in the Eagledale, Flackville, and Speedway areas. Program for this term is geared to preparation for spring in both the home and personally. New courses added are Sewing For the Home, which will stress making draperies, slipcovers, covering pillows, constructing lampshades and making easy accessories used in decorating the home. One does not need to be an accomplished seamstress for this class. Individual attention will be given each member. GAMES FOR THE CHILDREN is devised for mothers who would like to learn games for children’s birthday parties, rainy day activi-

ties, inexpensive or no equipment and for side walk or back yard activity. It also will be of value to teachers or leaders of children’s groups who have games as part of their program. This is a four week course. Following the above, four weeks class is another of the same time period entitled A Model Home For You, this is especially for those with a yearning for a stylish yet comfortable home (also wel wearing). Subjects to be covered are mixing periods of furni-

ture, modernizing old furniture, learning about the new materials, what is washable and withstand growing children. Colors and arrangements are included. There are no matenals to be purchased for this class, however, it is recommended that a notebook for reference notes be brought to the class. Intermediate Bridge is a continuation of instruction for those who have taken Beg. Bridge or those who wish to modernize their game. The Goren System is used. For those who need something gay or bright for the mid winter “gray” days, MILLINERY for beginner and advanced students is offered. Plan and make a flowered hat, a matching hat for a special costume or remake one of your favorites.

Travel Talks A series of three illustrated travel talks will be presented free to the public at Central Library, Meridian and St. Clair Streets, the first three Thursdays in February at 8 p.m. On February 4 Mrs. Lorene Gausepohl Baier will speak on “The Berta Hummel Figurines— The Bavarian Section of Germany.” Mrs. Howard E. Nyhart will tell about “Africa: Yesterday Seen Today—A Preview of Tomorrow” on February 11. The last of the series will be “Hawaii, Our Newest State” by Robert Kryter on February 18.

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