The Daily Banner, Greencastle, Putnam County, 8 June 1932 — Page 2
GENERAL BUSINESS CONDITIONS From the Monthly Bank Letter for Ju - Issued by The National Lit) Bank of New ^ork
* CTION of the Federal Re- business revival has undoubtedly serve flanks in buying disappointed many peopl who tx- ^ *■ large amounts of Govern- pected too much within a limited
ment securities in the open period.
in .rket has relieved the pressure It remains now to find means of deflation due to monetary for p uttlng these available funds
i .u < s and has made abundant i ...d» a ailable for member banks tied busine for use at such time a inclination and opportunity
exist to use them.
While resultant expansion of member bunk credit, upon which tlie benefits to business of easy niuiiey policies depend, has been b - impr -.-live than reduction of iiidebledne.-e to the Reserve 1 l. , id accumulation of bankV ■■ re eves, nevertheless, im- , . . . i n : ress has been made. The eat., .trophic decline in I. ei • in progress since last
to Wfork. To this end the principal obstacle now is fear. Manifestly it is the general view of business men that the uncertainties in political and iinaiKial affairs call for policies of caution
; a constructive effort to revive employment and with the organication extending over the country . aid answer the complaint that . ic .lit is locked up in the centers. In largo part the present paral.i is of fear is the outcome of delay in this country and in others also in dealing with problems which have passed beyond the control of business men and become governmental
ha •
with respect to forward commit- problems, and action upon which ments, and deferment of plane for has become more vital as uttennew or repla -merit projects, . id i a lias centered more on them, for expansion of operations, until making them keys to confidence, their profitableness is more W itlnn the next few weeks deciclearly assured. Among invistoi sions will be reached in Washthis attitude has its o unterp.irt ington on the Government's fiscal in avoidance of risk in the policies and at Lausanne upon markets. Hence there is little reparations, and perhaps upon show of initiative or enterprise In tlier critical matters. In their
THE DAILY BANNER
And ‘
Herald Consolidated “It Waves For Alj” Entered in the postoffice at Greencastle, Indiana, as second class mail matter under act of March 8, 1879. .Subscription price, ]0 cents per week; $3.ou per yeti by mail in Puttium county; $3.50 to »5.00 per year by mail outside Putnam county.
PERSONAL AND LOCAL NEWS
arrested. The turn business, capital investment con- effects upon the will to spend and
I ' t marked in the case
which for the report-
i . ■ i banks reached a low 1 at . t $10,837,000,000 in March . ' since recovered to $17,111-."00,000. For deposits to
and in\estments in
t ; turn is, of course, natural, • e Hie injection of Federal Reive funds into the market automatically swells the volume of deposits, while the movement of loans and investments depends u a the rapidity with which the ' u.ds were invested. It if evident i in the course of total mans and
tinues nearly at a standstill, and activity is largely confined to supplying daily needs which are reduced for lack of purchasing
power to satisfy them
There has been much criticism of the banks for failure to pass the new supplies of credit which the Reserve banks are putting into the market into use more rapidly. The new credit comes as deposits made by the public, and the banks are under the sauu obligation to handle them safe'y as in the case of other deposit!.
invest these decisions will be of greatest consequence in the out-
look fur business.
ft is an important and hopeful fact that the Washington observers uniformly predict defeat of the various proposals that would lead to currency inflation, and the passage of tax and ec •iomy 1 ills that will bring the Federal budget into balance aci aiding to the Treasury estimates. Gold withdrawals from the United States during May were heavier than >n any month since last October. It is regrettable that the movement is of a partly hysterical character, due to mis-
They welcome opportunities to
r. ■ stments that these funds employ their funds safely but. un-
:i"t been invested freely, but fortunately, after the losses of „ vuuc
good no longer are entitled to cre di t situation From the that rating and, with respect to broader standpoint, however, tha investments, caution is indicated withdrawals are regarded in this by the possibility that it may he ( . oun try as a desirable repatrianecessary to convert bonds bought . ion „f t h e foreign owned gold into cash. which wms attracted here by high The organization in the several interest rates during the boom ! reserve districts of committees,! and which has been an element of 1 composed in part of bankers and 1 danger and unsettlement while it i in part cf industrial leaders, for has been here. The withdrawals I the purpos of advising how funds . have caused no disturbance‘in the
... — Federal j may be -afely used, is a further ^ money marfvets, the Reserve rve policy has not done more development of the Reserve policy Hanks having offset them by. purstubilize prices and stimulate I and is sound in principle. This I chases of securities. i U*sy Of The ( cntral National Bank & Central Trust Company.
i the precipitate decline to
flatten out.
Thus far such increase as has i.niil has been solely in the i i stment item. Loans have ( ir.ued to decline. It is in line h pio edent for investments to I Hie fir- t to reflect the influence iinulating funds, the rise in oming at a later jieriod of
Ik upward cycle.
The fact that the new
Soctdv Telephone All Social Items to 95
Bridge < iub Miets Tonight The L. F. F. Bridge Club will meet with Mrs. B. it Howard, no:tn In liana stieet, this evening at 7:30
o’clock.
+ + T + + +
Mrs. Easter To Be Hostess Thursday Section Two of Hie Christian .lunch will meet with Mi . Luther Ea tei jThui i-day foi an all-lay meeting. ILuiuh will be serve! at 1 o’clock.
d* •5* d 1 •F •h +
Rep* C.C. Gillen Gets Air Minded
K): \I REPRESENTATIVE MAKi ' A!R i RIP FROM VV ASH INGTON TO NEW YORK
Je'iqh Sitlington a d Mrs. Allen
Till n of Little R. ek. Uk., are visit ; Mrs. I ilden I Entertain hig !r. and -Mrs. F C. Tillen. iMith Bridge Breakfast
ROT
.{I ' S 1NS|*E< r MK AL >t >< pRonn is plant
i lub was the guest n after its weekly < iiarles Martin, at the Products Company
time It is shipped in as spelter, until i e-pecndly true of the photographic it comes out in the finished p!u t, plate . The raw zinc spelter is whether it lie a finely ground plate u Kip'-it to the mill in large slabs, is lor lithographic purposes <u for lin- melte 1 under lieu’ i f approximate)! ing a heavy boiler in some battleship 1,0(H) degrees, and from there is pourcr other sea going vessel. ed into bars which go from one mill
to another until they soon come out in great -heels, suitable for any purj pose. Thej are cut under immense
The 100 r.r more inrn were seen in their daily work, and th:* handlim; of I
i - time mai y of the the heavy pieces of metal, much of it i n in i !e the big mill, and j by machinery, is no light task. In ■ .• -i at ions were watched i f&ct it was generally supp -ed that nit test. A trip through when one put in the usual eight hours i iil.ng at the liaok door, time, he was ready for a little i it. Du process through which the The zinc plates are -hipped to all * piece of zinc goes from the section- of the country This i-
shears ti any and all desired sizes, .mil I a eil into cars se t directly into
toe null, f i fi^ieir destination. RECORD ENROLLMENT
es....\fye Said $10.00
I 1
it’s All You Need Pay For A Suit <)f Genuine Lorraine SEERSUCKER
(ii n.-asll- 4 II clubwork has been "■iganized thi.- year with the largest enrollment it has ever had. The ( lulls " under the leadership of Miss Lome.ie link- and Lucille McClain, vocational horn.- economics teachers. One hundred and seventy-five (In en astle girl sure enrolled in the
Mrs. C. 0. Pc iter nd son Jack Drcatur, are spending this week with
Mu John Ccok, Si.
Mi? Nellie C ik of Michigan City ait i do the DePau commencement, and is vimti g frien t here. The four year ul I son cf Mr and Mr . Nelson Wood, route 1, is confined to his home with diphtheria. Cl.iu ie Farmer, east Washington stieet, v.ho has been ill for the last five weeks remains in a critical con-
dition.
Mies Glady- Edwards, Liberty -tie ’, visit. I Mr. and Mrs. Earl Sint i i : Indianapolis Tuesday eve-
nine.
>1 . and Mrs. Sam Brown, 33 Beveridge street, me the parents of a son, Ru-sill Edward, born Wednesday mm i mg. Elmer Cox, Maple Heights, suffered I. .inful iirui.-es about his body Tut-dav when rock fell on him at the Midwest -tone quarry. W.r I nas Been rec ‘i\ed of the birth of a daughter to Mr. and Mrs. Donuld U’Rrar. Ja esville, Wis., Tuesday. Mr. O’Rear formerly lived here. Me ami Mis. Lawrence Hester of Roachdale, are the parents of a son, K: il L* e, born June 3. The mother formerly was Miss Lucille Brown. .Mr Francis I). KraH and daughter Fran nu of Kalamazoo, Mich., are vi iting Mrs Kiall's parents, Mr. and Mrs. W. R. .Steele, 408 N. College Avenue. 'I : Fegii.ners dejartment of 1lie Metho.lir.t church will meet for practice foi iiiil.il eit’s day exercises rhur-day at A d) o’clock at the chui ch. Mr H. M. Ranck and son Wulley of Chi ago, are t a guests of Mr. and Mr . Eme-t Stoner, Shadow Lawn avenue. Mi . Rur.ck is a sister of Mr Stoner.
The Banner is in receipt of the fol-
l iv.ini interesting description of an . tr'.;v from Washington to New
York by Rtp. C. C. Gillen:
’ Fin o coming here I've had many , tote ting expe.ie . es but none like t lay. I’ve sure been ‘‘uj in the air. If you never knew Lieut. Bill Lanag.ui, it old Etazil boy, >ou missed k .owing a fine gentleman a: d a teal ray pilot of fourteen years flying p irr'e.'ice and a teacher, Frank Irw in I being one f hi pupil- Bill took me
Of | . :,Irs - , F :. C - , in t e ai. today t. New York City
with a bridge breakfast Thursday at the Country Club for Mi s Betty Til den, who has recently letui ed from broa i ai d M.s. Allen Tilien, .:f Lit-
tle Ruck, Aik. 4- + + •»• t- + Tri Kappa To Meet Thursday
Tri Kuppa will meet with Mrs. Chaile G.rdon, east Hanna street Thursday at 7:30 o'clock.
4* 4* 4* i*
Section One I i Meet Thursday Section One of the Chri-tian hurch will meet Thursday afternoon at , . , :30 o’clock at the home f Mrs. Ro-n K auer Knight on the Rockville road. Devotions will be in harge of Miss Mary Woodrum. Roll call will be i response to the word “Precious.”
4* •!•*§• 4»
Missionary Society
Elects Officers
The Missionary Society of the Christian church held an all- iay meeti g at the home of Mr-. John R. Cox, Tuesday. Mrs. John Boyd and Mrs. W. D. Jame- as-is ted tlie !i s less. Mrs. Henry BicknUl had ehaige of the devotions. Miss Mary Woodrum read from the World Call, the article, ''Yutir Call to Service.” A reading, “The Lord Had a Job for Me”, by Paul I,. Dunbar, was given by Miss Mila Barrow. Mrs. Ralph West had charge of the. presentation peiiol,
her
ary Society Did Not Disband.” The following officers were ele to I
• ..i retui". F cannot express the t. ii!l of the tiip, but will attempt to
it l! you sometain? about it.
J ’ kii'.g off from Bolling field at | 3 ) i a two-seated army plane, flyins at an average height of a half mile we were so n ovoi Arnapolis, cro-sin * Chesapeake and Delaware l -.ys, (kitting the co* t ov er the Atlantic ' ' • Atlantic City wdth its fam-
i I oard walk to our left; thence up-
l.'ind over Lakeliurst, where tie Akion is moored. We scon sighted Sandy Hook, the Statute of Liberty, | an l New Yaik City, flying over its jt II buildiags out t Mitchell field on Lori* I land, landing ju-t at twelve
noon.
After an hour’s rest and a hearty me l, we again flew over the city, northward to West Point, thence |d'.wn the Hudson where we took a I last look at the most wonderful sight imaginable, the great city and its en-
virons.
Our ! me trip was none the less interesting, alth ugh inland over Newark, Hopewell, N. J., the Lindbergh ( date, Trento:-, Wilmington, Phila-* elphia and Baltimore, arriving home at 4:45. At time- \V( barely missed thunder 1 wers, with the lightning playing i | hide and seek not far away. Near! : Wilminuton, Dela., Bill stuck the nose hf the plane upward and liew to an
Yourself Square With the World Borrow what money yot need and pay up your debts new. You can repay the loan ^ ni your future .ncon.r .1 LITTLE AT A TIML. You’ll find a friendly welcome and a helping hand at the Indiana.
Come in it over.
today and talk
I INDIANA LOAN CO.
! 245
E. Wash., M.
Phone 15
uld
acclaim :f everyone for not
be :: re daring.
t have become ic-cl air-mi i 0:, Buick has been chri tene i "The
Snail.”
Funeral services foi Mi 1 , Je: t of Eiinbridge who dii'd ! ,ui eve ling, were Ik Id from tl Ruubiidge Methodist church, \V. i t,, afternoon at 2:00 o’c'.oc!:. II,. i Bowman was in chaige. Inii'iine was in the Bainbridge ceir.i i, r.
Mr. and Mrs. Russell route 1, are the parents o! a ell Wayne, born W dne-.la
Tlic-nss, -in, Rus-
piojerls in health, clothing, baking, lo"i| |,repar:ilijn, an i canning. A to tal ol 210 projects are under way. ! e- vl ib, are holding their first meeting thi week. Junior leaders w 'i ui u i .ting in club work are i.etty d ork, ( liuilotte Fitter, Alary Talbott, Harriett Heaney, I.-Kiia I-'enard, Winifred (kriines,|
(:ean impressed me mole than anything else. Those who have accomplished the feat of crossing this vast e\|. ms., of water are deserving of tlie
I
Mr .and Mrs. U. R. Creasey, of
R anoke, Va who spent the weekend I a hi " tol 'y of the development vi iting Mr. and Mis. Glenn Pursell, 1 Mis8iollar y Society of tlie enst of Greencastle, returned to their | Ch,istijn church ot Houston, Texas,
home Tuesday.
• I dhing pi leaders of home a nomi s dub in this county will mei I" re T ur-day for furtlier study
in tlii work under the direction of » Purdiic unis‘ isity extension Murker.
Mary Rogers, Clara Lucille Conklin, beini-e Ruark, Emily Caroline Conk-
lin, Elizabeth Bowman, Lucille White, Miss jogephin, Hartman has com '"la Huiitinn. Isal.dle Hathaway , u) . our e ,t the Central Rusiand Katherine Simmorm.ar), ! co „ ( ,ge j,, Indianapolis and I,as Last year the largest enrollment in iretlJrII ,,, to ape u the 8Uramer with the -t ile was ite.Manon county with h< , r f at he r , Fred Hartman, west
tl i!
164 girls. Many interesting items beides tiie wick are planned, including a uuiits picnic, dub camp ai'.d a final
achievement day.
^Market?
her
F iankiin street. J. (i. Btitt m, H. A. Shenill and M. K. Cooper, Putnam comity com"ii" i" <i . wen in Brazil Wednesday in eon-ultation with the Clay county ommissionei- in connection with a county line load in Washington township.
»*'"* **8- «»* jrssndvrtr •xrss
t in.ugh we descended to an elevation
. . . ,, lof . ne thousand feet to get a oloseup
for t-e cornu g year: pre-ident, Mrs. r . n . ^ , .| \ .ew of the DuPont estate.
Harry Galbott; vice president, Mis.
W. D. Jam,-si secretary, M, . Mil.. V*”*""* ^ ^ West'; treosmer, Mrs. William Bla,k-! ’ over the Atlart,
well; World Call secietary, Mrs Htnry Bicknell; Library chairman, Mrs. W. D. James; publicity chair-
man, Mrs. Ira Cowling.
Installation service- were e ndnet
ed by Mrs. W. R. Miller
Among the three guests present was Mis. Henry Renick, ,f Houston, Texas, ore of the organizers of the local -ociety. She gave a vei y inter erting history of the sm-iety and also
of tlie
First
of
4- +•!• + •{• +
Delta I beta Tau fa Meet Thursday Delta Theta Tau will meet with Miss Fredys Cox, 733 east Seminary street, Thuisday evening at 7 o’clock. Phase note change of time. Art Needlework ( lull
Met Tuesday
Tiie Art Needlew .rk Club met with Mrs. Curtis Hugh s Tuesday afternoon- Sixteen members and two guests were present. After the business session a short program was enjoyed. The hostess served refre hnvTts during the social hour.
++++++
JUNE 15 LAST DATE TO ENROLL IN 5- \< If! ( I I B June 15 is the last date i.n ul f Putnam county farmers can cm M in t’ e five acre c m club pmi re ny tli* India: a C in Growei A . ation, it was ami,rum ! tod:.-. I. E V/. Paker, county agent. The county agent report i t :,t theie won 11 lie an instra i . • c. ship ef five acre corn cl '» ih here this year. According to Mr. B.ik i tin clulr i, .‘iMttiieS this year arc stv ing e.-onomy i. production > tlm '• n i in tett-'ed product: n of coin lu .ng the ptesent era of low pi
Sheer New Wash Frod
98c
Eyelet embroi, <'red lawns, ginghams, sh,er voiles.
linene*,, , he I
Sizes 14 to 20 Sizes .‘10 to 40
The Oualitv Sho|i
J. H. PITCH FORD
L may suipi isi? you to know that this crisp, summer suit costs Only $13.00 But that's the fact. There never was a value like this—these suits wash as easily as shirts. J. F. Cannon & Co. ire •-;
T he Union Service Sunday night I will be held in the Presbyterian I church Rev W. J. Crowder pastor of the Baptist church will preach. Gilbert Kn >tzer, FTIlmore, will sing. Mr.
the
past two
two years. 1
’i
INDIANAPOLIS LIVESTOCK Hogs 7,500; holdovers 171; market mostly 10 cents lower; 160 to 226 N>s it t'J t . $3.45; 225 to 260 Jbs., $3.30
t.» $3.35; 250 to 300 lbs.; $3.20 ;to ■Dh-'->; 300 to i.O lbs., $.1.10 to $3.15; Knetzer has been soloist with 100 to 160 lb-., $3.20 to $3.40; packing J Greencastle band for the
ows $2.25 tu $2.86.
Cattle 200, calves 600; all classes a live, fully steady at advance; bulk o. is $5.75 to $7.25; choice heifers l.iprly Hi.00, some held higher; lower ■ tail $3 5,1 to $5.50; cows $3.00 to 1.50; low cutters and cutters $1.50 to $2.75; voders steady, $5.75 d wn. Sheep 900: market steady, good and (hie ows and wethers largely ’7.50; bucks at $1 discount; throw-
outs down to $4.00.
DT-
\<lministrator s
Sale
Saturday, June 18, 1932
~23
I tl e undersigned administratnr of
He e«tate of the late LOUEI.LA M. j M VIKINS «j|| a | puldic auction at the re-id,.nee. HI West Liberty
Street. Greencastle, Indiana,
FAIRER OF LOCAL WOMAN DIES BRAZIL, Ind., June 8. — L.nnj
Thomas, 75‘years old, died Monday \t t :30 P. M. The following property:
nig.it at the county infirmary, near
Dowling Green, following a long ill- mi i lli.uHohold, consisting of: no Mr. T omas had resided on bedding. Stoves, (hairs, all farm r nr Lena for many years. Hej , ‘" l,K ''•'■•‘ing t lensils. Rugs, large
i .-.uTvived by two .-on?, Grover and Walter Thomas, Indianapolis, and a dimoliter, Mrs. Cora Paxton, G'een-
PUTNAM YOUTHS I SENTKNCKD TO THESTATUF\KM
JOHN ROE AND PM I. DELANO FORGED CHECK ON ( \ I I I K DEALER
castle. The body W’as brought to the Moore Jt Son funeral home where funeral s^rviye^ were held at 2 o’clock Wednesday afternoon. Burial was in Calcutta cemetery.
and small. Dining Room Suite, and many other articles not mentioned.
TERMS: CASH.
Hfimcr R. Sands, Admr. • A. VESTAL, Auctioneer. CLIFFORD H. DICKERSON, Ally.
I F.BANON, Ind., June 8 John It e snd Paul Delano, both 18 years old, living near Barnaid in Put am , unty, were sentence,! to si\^y da, at the state farm and fined :i dollar and cost-. They pleaded guilty to forging the name of He*ry Clay, North Salem cattle dealer, to checks, and passing one of them at Jamestown. Maivin Jones, 23 years old, living south of Crawfordsville and u formet resident of Jamestown, was sentenced to six months at the penal farm and fined a dollar and costs for stealing ga oline from a parked car at Jamestown. He has caused authorities there considerable trouble during the last few years they said. Jones, Roe and Delano, arrested by Newton Harmon, Jamestown marshal were all sentenced In circuit court by Judge John W. Hornaday. Herman Beck, of Cleveland, O. was a visitor here We Inesday. Mr. Heck formeily lived here.
AUTOMATIC MOTOR BLOCK GRINDING ON HEALD MACHINK Factory Precision (iiiarantecd
IsOt us give you an estimate on niakim" your motor as gnod as new regardless of i' present condition. MORTON GARAGE L. H. MILLER, Prop. General Garage Work — All Guaranteed