Speedway Flyer, Volume 31, Number 16, Indianapolis, Marion County, 19 April 1962 — Page 7

Thursday, April 19, 1962

ALL TYPES OF LAWN SEEDS & FERTILIZERS Pet Supplies Lawn Tools Garden Tools Power Lawn Mowers Insecticides— Peat Moss

SPEEDWAY STATE BANK FIRST TO REPORT ON CORRESPONDENT BOOKKEEPING OPERATION

Speedway State Bank has been performing the Demand Deposit Accounting for its correspondent, The First National Bank of Plainfield, since June 1, 1961. Since the operation started, First National Bank has been able to remodel its quarters and utilize all the floor space, previously devoted to bookkeeping. A new drive-up window and a new back entrance from a parking lot have been installed. Mr. William Terry, Vice President of First National Bank estimates the elimination of the Demand Deposit Accounting has sav. ed First National Bank direct costs in excess of $500.00 per month, in addition to supervisory costs. It has also permitted Fust National Bank to render better service through the better utilization of the floor space for customer access to the bank. Speedway State Bank receives all items in the evening. First National Bank has fine sorted the items, supplied any missing account numbers and prepared proof tapes for balancing of ledger sections. First National’s items are posted on electronic equipment just prior to the daily posting of Speedway items. All items are photographed; statements cut, if on a cycle date, and prepared for return to First National Bank that evening. Balance inquiries on First National Bank accounts are handled by telephone. All ledgers are retained at Speedway from Monday morning until Friday evening. Since First National Bank is open on Saturday and Speedway is not open, ledgers are sent Friday evening to First National Bank and returned to Speedway State Bank on Saturday afternoon. A bonded carrier is used to transport the items and ledgers between banks. After the Demand Deposit bookkeeping system had been used for two months, liability ledger posting and mortgage loan posting was also started for First National Bank. These items are transported at the same time as bookkeeping items and ledgers are retained at Speedway permanently. Trial balances are run by Speedway personnel and balanced to Plainfield’s controls. On the first, day of each month the ledgers are sent to Plainfield for a monthly trial balance and preparation of the report of new loans for the monthly Board of Directors meeting. First National Bank has been able to convert to more modern loan accounting forms and demand deposit forms without any expenditure for new equipment They are saving considerable money each month on direct costs and even more on indirect costs. Speedway State Bank has profited from the arrangement by better utilization of expensive bookkeeping equipment with only a small increase of both direct and indirect costs. By scheduling First National’s

Theosophical Society “Growth Through Many Lives” will be Mrs. Mattie Louise Moore’s subject in the third of eight free public discussions sponsored by the Theosophical Society in America. Time is 8 p.m. Monday, April 23 and place is Room A, 329 North Pennsylvania. “Reincarnation,” says Mrs. Moore, “is an ancient concept found in the Christian scriptures. It explains the way by which man grows to perfection in accordance with the Biblical injunction; ‘Be ye therefore perfect’.” Members of the Society’s Indianapolis Lodge will serve coffee and cookies after the discussion. Indpls. Hiking Club The Indianapolis Hiking Club will have a short hike along White River and dinner at the I. U. Medical Center on Easter Sunday, April 22. The group will meet at 3:00 p.m. at the Parking Area on the west side of White River at 30th Street and follow the river to 16th Street and return. Following the hike, those who wish to, will proceed to the Student Union Building at the I. U. Medical Center and eat dinner in the cafeteria. Visitors are invited to join us on an easy and leisurely hike. Leader will be Martha Rogers.

cycle dates for statement transfer, trial balancing and service charge posting on different days than Speedway’s occur, we have been able to spread the work load over the week, instead of having high peak days and low volume days. The Correspondent Bookkeeping has been convenient and profitable for both banks. Speedway State Bank predicts there will be a rapid expansion into this field by may banks.

OLD & NEW FLOORS SANDED AND FINISHED "Floors Scrubbed and Polished" JIM H ARROiER “Free Estimates” 10 Years Experience 3805 Rockville Rd.

B B M: nKpi' i Wl -- vllr - TBj. Jitjjf Hi Jm mSMwm mm fl .uB Ml; I m Ǥ Lueff Loves Lueiffl!

"You will, too,” says Lucille Ball, whose lovely Beverly Hills home was recently painted with new Du Pont “Lucite" Wall Paint You’ll love painting with “Lucite.” Use brush or roller. Doesn't drip or spatter like ordinary paints...needs no stirring or thinning ...spreads easily...dries in 30 minutes, to a rich, flat finish. Clean up is easy, too. Just soap and waterl lit 22 ready-to-use decorator colors.

Rainbow Paint & Supply Co. 1020 MAIN SPEEDWAY €ll. 3-0600 E. H. HAMKE, Prop,

BUY THE PAINT THAT’S WORTH THE WORK ... THE BEAUTY LASTS!

FREE "T FREE Is Adding To Your ECHO KITCHENWARE! STARTING FRIDAY, APRIL 20 to APRIL 26 l ONE SPATULA (Pantake Turner) With Each \ 8 GALLONS OF DX GASOLINE “START VOW SET NOW" 8 RASCtrSDX

SPEEDWAY LAWN a»d GARDEN - CENTER Sltt CHWFWKULE 11.

Handicappers To Again Enjoy Festival Parade The second annual Parade Handicappers of the 500 Festival will again be offered to any handicapped person free of charge. Applications to attend the festival parade, with furnished trans-

LUCAS lS§|[ Service 1346 MAIN STREET CH. 441762 • GUARANTEED AUTO REPAIRS • • BRAKE SERVICE • TIRES and BATTERIES • ACCESSORIES • COMPLETE ENGINE OVERHAUL • AUTOMATIC TRANSMISSION SERVICE • ON-THE-CAR WHEEL BALANCING —Member of Diners Club— FREE Pick-Up end Delivery Service

THE SPEEDWAY FLYER

portation and box lunch, may be mailed to P.O. Box 250, beginning April 13. Mrs. Walter Pippert, chairman of the Parade Handicappers committee, announced that a limited number of persons may attend. “Guests of the committee are on a first-come, first-serve basis and deadline for this event closes May i 5.” Must Write The applicant must write an individual request to attend. No

For woodwork—Du Pont "Duco” Satin Sheen Enamel —in colors exactly matching "Lucite” Wall Paintl

group order will be taken. With nurses and doctors on duty, handicapped persons will be transported to and from the following locations in Indianapolis: North Methodist Church, 3808 N. Meridian St.; Sahara Grotto, 4107 E. Washington St.; Manual High School, 2405 Madison Ave.; Washington High School, 2215 W. Washington

KEITH SHADE COMPANY 2264 North TALBOT "Window Shades From A Shade Shop" Fast Service Low Prices Free Delivery Window Shade and Venetian Blind Cleaners Full Line of New Cloth Shades and Venetian Blinds Custom Made Table Pads PLEASE CAU WA. 34591

NOW OPEN! david's coiffures original EXCLUSIVELY YOURS "We cordially invite you to use our salon for your beauty care" for appointment phone CHapel 3-0113 W SPEEDWAY SHOPPING CENTER 4523 West 16th Street MARTHA DALTON MR. DAVID _ Formerly of Wm. H. Block Formerly of L. S. Ayres

For the KIDS: Easter Baskets FILLED & EMPTY Easter Toys Stuffed Rabbits Egg Colored Grass

Easter Candy and Eggs, Etc. For . . . MOM & DAD BOXED CANDY - COSMETICS GIFT SETS - ELECTRIC RAZORS

Qtle'u&ituSt*

"Wo Pick-Up and Deliver PrescriptionsP -FREE DELIVERY SERVICE -

rROSNER'S^o^I [

XkrapLpt 1564 Main S». CH. 4-0241 SKSDWAY CITY famkamS 2835 Lafayette Rd. WA. 5-8937 TWO BEG LOCATIONS

St. Mrs. Pippert also revealed an additional event named the Parade Handicappers Cabaret to be held at the Indiana University Medical Center cafeteria, 1100 W. Michigan St., May 22 at 8:00 pun. Allowed 1 Guest Parade Handicappers and one guest may attend this party but

“We Stock a Complete Line ~ of Photographs Equipment”

must provide his own transportation for the Cabaret. Applications for this event may also be sent to P.O. Box 250, Indianapolis, after Aril 13. Refrshments will be served and entertainment will be provided by the Shank Marionettes and a musical combo. Jim Mathis, WFBM-TV, will be the MC of the show with various night dub cele-

CP* (A

Yes, itii'i an Hi# way to our bankl Dressed up? No neecL. she'll bank right from her car at our handy “Drive-In" teller wtndowl And you can, tool Dress as you please and enjoy this fast, convenient service! Speedway State Bank 5300 Crewfordsvitle Rd. 1532 Main Street 15 W. Main, Clermont CH. 1-6313 Member P.D.I.C.

RENT Ml TOOLS POWER LAWN MOWERS SPREADBS LAWN AEREATORS LAWN ROLLERS POST HOLE DIGGERS WHEELBARROWS LAWN EDGERS TANK SPRAYERS

brities and the 500 festival queen in attendance. Butler Symphonic Band Allen Hatcher, son of Mr. and Mrs. Harold O. Hatcher, 4010 Wentworth, has been selected as the young artist to appear as soloist with the Butler University Symphonic Band on May 11th in Caleb Mills Hall.

Page 7